Hi Alan
I've come late to this topic, but might be able to help. I used to own The Tool Box in Colyton, and picked up a Model B about 7 years ago which I decided to keep for my own use – 0-gauge model railways. However, it only had one of the three interchangeable motor pulleys. I actually found a contact for Alfred Herbert, who quoted me around £125 plus VAT for the largest (fastest spindle speed) pulley, and the belts were about £25-30 for each size.
I decided to solve the problem in another way. I turned up the middle and larger crowned motor pulleys from aluminium multi-step pulleys, including the internal taper to match the taper on the motor shaft. They are only single-step, whereas the originals were two-step, but they give me three speeds. As far as belts were concerned, on the recommendation of one of my customers I dealt with a very helpful firm in Gloucestershire – I think it might have been http://www.acbelting.co.uk – who supplied two belts for each of the two larger pulleys, and the total bill was only around £20 – they had to order in the belts specially. Both belts are 10mm wide x 1mm thick; the middle length is marked T150 740 (i.e. 740mm long) and the longer is T150 835.
My machine has a single-phase motor, and was a bit sluggish to start up, so I replaced the capacitor and now it's fine. I completely rewired the switchgear as it was a little battle-weary. I also fitted the spindle with a previously unused Albrecht 5/32" keyless chuck. Lovely!
Hope this is of some help. If you need photos or any other information do give me a shout.
David