I don't think the decals look right for it to be a 30s model. Below you can see the seat tube and down tube decals on my '37 Sports. The chaincase "Raeigh" decal from that era is in cursive, not block print. And the rear hub is marked "AW-6"? Sometimes the date codes do get rubbed out after awhile. The front dynohub will also have a similar type date code on it (two digit year and month).

Neal