Jay,

Sorry, but your new bike isn't a Paramount. Every Paramount since 1938 has had a lugged frame. In the seventies, all Paramounts were made with Reynolds 531 double-butted tubes and had chrome Nervex "Professional" head lugs. Your bike appears to have a high-tensile steel electro-forged frame, although it could be a Sports Tourer or Super Sport with a brazed 4130 frame.

Here's what a Kool Lemon Paramount of similar vintage (1971) actually looks like.