GB... An identical picture of this machine appears and is described in the early pages of Roy Bacon's "Twins and Triples." The book photo looks to be a selective blow up of this picture.
Brief description.... Vertical Twin, 500cc, with a single overhead cam driven by bevel gears and shaft. A Prototype Development Engine housed in a Silver Star Frame, with M Type cycle parts and girder forks. Good for 100mph, as a standard road ready machine rather than a racer, not bad for 1939. So the text explains.
Swarfy.