Port or Starboard?

Another Photo Quiz

The unedited photo below is from the NN History Pages by WebMaster Mike Lanier.

Questions: Is anything wrong with the above? Is the text wrong?
Was the photo put into the NN Mimeograph machine backwards?
Before you answer, check out the way "148" is painted on T2 in the Photo below.

CLICK FOR PAGE TWO AND ANSWER(S)