I've been checking now and it appears that the first colregs, where these regulations are placed, were only made in 1960 (sort of surprising since they are already completely outdated by now), and updated in 1972. I thought they were much older, but then again, the Titanic disaster happened only in 1912, and that's kind of the start of safety and regulations at sea. So your boat sort of predates all these regulations.
There might have been a seperate set of regulations (RN specific or otherwise) that regulated such things, but I can't seem to find much on that. I guess it truly was dependent on the yard or customer (RN in this case) what was mounted.
Here are the requirements from current Colregs:
Quote:
(i). A power-driven vessel of less than 12 metres in length may in lieu of the lights prescribed in paragraph (a) of this
Rule exhibit an all-round white light and sidelights;
(ii). a power-driven vessel of less than 7 metres in length whose maximum speed does not exceed 7 knots may in lieu
of the lights prescribed in paragraph (a) of this Rule exhibit an all-round white light and shall, if practicable, also exhibit
sidelights;
(iii). the masthead light or all-round white light on a power-driven vessel of less than 12 metres in length may be
displaced from the fore and aft centreline of the vessel if centreline fitting is not practicable, provided that the sidelights
are combined in one lantern which shall be carried on the fore and aft centreline of the vessel or located as nearly as
practicable in the same fore and aft line as the masthead light or the all-round white light.
I'm assuming that these regulations, although much less old than your boat, are still based on something that existed before, and I'm rather sure the RN practices had a lot of influence (since the regulations that are specific for carriers and submarines etc. are based on specific RN subs etc.). As you can see in those rules, there's a lot space for interpretation by the words "if practicable".