Decoded the fender tag

From Barry Washington:
"Not a tag error, note the "-OR-" in the sentence - "Axle Axle-3.54:1 (9.75) -OR-
3.55:1 [406]"

The 7 1/4" rear end was available with a 3.55 ratio;

http://www.hamtramck-historical.com...ok/1967/67_3_Valiant_Features_Options0013.jpg

Barry Washington"

Thank you, Barry