Hi all and thank you so much for the help.
My lathe is the one with the single gear selector knob and nine holes selecting different ( spur ?) gears.
When I bought the lathe it was advertised as being able to cut both metric and imperial threads.
Sadly it looks as though Andrew and his description of my situation may be right. The thread needs to be 14tpi as the internal chamber will be subject to around 100bar air pressure and there is not enough material on the male component to turn it down and cut a metric thread on it, even if there was I would have to start this piece all over again with a smaller internal bore, oh bugger.
I called Chester to ask for advice, in short, I wasted the cost of the phone call, they didn't have a clue. So although my lathe cuts very true it will probably have to go at some point in the near future, to make way for something more capable.
Once again my sincere thanks to eveyone that tried to help me out with this.