Thats the procedure I used 48 years ago - sigh. But we always finished off the bulling by 'hardening' the polish with a ball of cotton wool under a slightly running cold tap to bring out the real lustre.
I once knew a guy who left it too late for Guard duty and he sprayed his toecaps with 'Dampstart'. Looked great but did not fool the inspecting officer and he spent the guard duty in a cell, doing them the hard way whilst being screamed at!