The Olden Days

I would assume it’s just advertising,
Couldn’t have been many soaps back then
All the same, 1/- buys you a razor, a blade and a tube of Palmolive. Perhaps, as you say, there weren't many shaving soaps and most guys shaved with hand soap. This would be a way of getting them to try Palmolive, and it's always been a good soap.
 
Just an advertising deal, like Gillette had with Ivory soap.

1921-1928%20Ivory%20Soap%20Procter%20and%20Gamble.JPG
 
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