I'm no expert on vintage vinyl but the style of the album cover suggests to me the 1970s. The "mono/stereo" logo is interesting, does it suggest an earlier date, the 1960s?
As far as oxymoronic "Highlanders" band names go, there's plenty of those here in the US. Wherever Scots congregated they used that name for things, even in places flat as a billiard board. I guess it refers to the people, not the topography.
That reminds me, have any of you been to Levelland, Texas? It's as flat as the name promises, like being at sea, pretty much.
http://www.levellandtexas.org/index.aspx?nid=177
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