The only reference I can find regarding this codebook is on page 196 of Ralph Bennett's 'Behind the Battle' (Sinclair-Stevenson, London, 1994): ' . . . but when on 10 June [1943] the Admiralty at last replaced Naval Cipher No. 3 with No. 5, which proved quite secure, it was plain that the U-boats could never regain their former authority.'
This is the front cover of the codebook:

Next is the title page: (Note the date)

The contents page:

No clue given as to the recyphering techniques involved:

From the instructions, we can see that the original book has been subjected to an update which involves some simplifications such as ignoring the 5-letter groups:


Three of the 4 spelling tables have been omitted. Note that the numbers used for spelling overlap other groups and so the group that precedes a spelt word also defines the number of letters.

Worked example: (Note only repeated goup is 'Marseilles')

More groups to assist with interpreting multiple options:


Start of the codebook proper: (note the homophones and general usage of the language)





The first page of dates:

The next set of pages show the numbering system:



Spelling groups:

Note the diphthong and the D' ('S is also defined as a 2-letter pair):

The second half is titled 'Decypher No. 5':

A table for translating spellings concludes the book:

Comments welcome:
klockstone@cix.co.uk