This is an UNCUT pattern for a reversible vest & skirt, and is a design from Suttles & Seawinds, Ltd from the 1980s.
From the pattern envelope:
"Misses Reversible Vest & Skirt - Loss fitting quilted reversible vest, has cap sleeves and side hem slits. Reversible wrap skirt midcalf length has gathers and patch pockets. Both are made from eight conract fabrics. Purchased tops."