It's an 'Improved' Speedia, narrow spool, with the lever release, but without the compensating drag of the later model. There's a little paint loss ... and a little corrosion ... but having been cleaned and given an initial light oiling it spins very nicely indeed. I don't think that the ratchet mechanism has ever seen grease ... but it will !
![Image](http://i1289.photobucket.com/albums/b516/AshbyCut/Improved%20Speedia%20Narrow%20Drum/002_zps752d1190.jpg)
![Image](http://i1289.photobucket.com/albums/b516/AshbyCut/Improved%20Speedia%20Narrow%20Drum/003_zps239565d7.jpg)
![Image](http://i1289.photobucket.com/albums/b516/AshbyCut/Improved%20Speedia%20Narrow%20Drum/004_zpscf95d056.jpg)