This 78 is an oddity. It has no connection with the regular Capitol label which it pre-dates.
I understand it is known as a paste-over label for sale in Australia and it is likely to be a Parlophone label underneath and comes from the 1920s. The B side has a tear which seems to confirm this.
Because I'm a born cynic I have to ask Denis247 where he got his info on this record being made in Plymouth toilets.
Joe Meek didn't need to use such facilities for echo as his engineer skills were such that he could do anything in the mixing room back at IBC studios.
This doesn't sound like Joe Meek to my ears - where is the echo?
I am very puzzled by the valuation here. I would never expect to pay more than say a fiver for a 78 of this type - good version though it is.
My nice copy cost £1 not long ago.