This is part of the Rogue epic quest. The items does get created by giving Eldreth in Lake Rathetear the Combined Parchment, 2 bottles of milk and 100 pp. By giving the Scribbled Parchment to Yendar Starpyre in the Streamfont Mountains the character will receive the Translated Parchment.
In many epic walktroughs the parchments are falsy named as "scribbled note" and "tattered note".