A D6 Fray Badge Mystery (Upd.Mk 2 Ford Thames Trade )

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Dave Price found this badge with a bunch of old tractor badges and is having trouble identifying what it is off: "I was hoping you might be able to help me. The badge has J. Fray Ltd on the back with BHAM 1 and # E465-AM-5. Any help would be appreciated." What is it?  Diesel 6 ? Double 6 ?  D(B)6 ? You may decide....  

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