Most likely. It doesn't always work that way, but the Claud Butler Torino model (actually a re-badged Holdsworth Mistral) was offered from 1967 to July 1976. Your Torino frame is identical in build, including the fork crown, to my 1970 Mistral so that pretty much nails it down to 1968. Lovely looking bike.

Just to explain, Claud Butler was made bankrupt by the Inland revenue (tax man) in 1957 after 29 years in business. His rival Sandy Holdsworth bought the rights to produce Claud Butlers and his company did so very successfully until the late 1980's when that company was sold, the first of many times. Falcon Cycles of Brigg, Lincolnshire now own the name and still market Claud Butler bikes.