Is there a list of serial numbers by year for the early Thor outboards? I found one today that is #5327. It has the earlier style lower unit. From what I understand, it would be 1935-37.
There’s a list for the Thor built Montgomery-Wards Sea Kings on page 258 of The Old Outboard Book, third edition. In case you don’t have a copy, here it is. The ‘W’ designates a Ward’s motor.