It took some time and effort/research to understand what exact ammunition to use in this Ernst Steigleder Mauser, 8x60 and its variants are pretty much obsolete, some ammo is sold in Eastern Europe . It would seem that PPU make an 8x60S casing but is not available in the UK although it is in the USA.
These interbellam rifles could not be chambered in the military 8x57mm ammunition legally but could be modified to 8x60 and variants from 1918 to 1939.
To start I studied the proof marks on the rifle. The top side of the barrel shows 8x60M = (S) therefore .323 bore, I slugged the bore to confirm and this was correct.
I also did a chamber cast to prove the correct case size - confirmation of 8x60S as measured against spec.
https://en.wikipedia.org/wiki/8×60mm_S#/media/File:8_x_60_S.jpg
Other markings showed - "FLUSSSTAHL KRUPP ESSEN" translated Fluid Steel (modern good quality steel that will cope with smokeless powder) barrel made by Krupp in Essen.
Barrel top -
Stm G 12gr crown over N = Nitro proved with smokeless powder with bullet weight.
Birmingham UK proof mark -
B crossed mitres C(1952) and testers mark below.
Crown over BNP = Birmingham Nitro proved (marked on barrel/bolt and bolt handle)
Barrel Lower -
Crown over B = Gun proved after being completely finished (could be imported gun or previously no mark at all) abolished 1939 Mark.
Crown over G = Mark for rifled barrel abolished 1939
Crown over U = Inspection stamp (usually accompanied by Crown over B) Complete and finished arms abolished 1939
7.8mm = Original bore size.
60 = Casing/chamber length (may have been added after reboring of the chamber)
11/27 Date Code of manufacture November 1927
9/28 Date Code proof September 1928
In conclusion the rifle was most likely manufactured in 8x60M and not re bored to meet the new German law regarding 8x57 military ammunition between 1918 and 1939, M designation implies that although that the rifle loads the same 8x60S (.323 bore rimless) ammunition it has a hotter load, there seems not to be any information available to say how much hotter. personally I have loaded my custom rounds with the minimum powder load for a 8x57JS round, I will experiment with a slow increase to max 8x57JS load since even standard 8x60S round is between 3-10% hotter than 8x57JS.
Currently I resize a 30-06 casing to 8x60S with a Hornady full resizing die, then I trim the case to 60mm, then continue my reload rom there.