Well,
Having got home and done a little more digging, I can confirm that the mic. is indeed a model 940, from the engraving on it and that the problem is a combination of the clamp wheel being tightly done up as well as the innards being all gummed up.
I've given it a generous dose of penetrating oil and have been able to slacken the clamp off and the thimble now turns freely out to .920", where it stops & is well & truly stuck. The ratchet also refuses to move.
I'll leave it to soak in over night, and see how it is in the morning.
BTW, I unscrewed the clamp completely and discovered, where the vernier section screws into the cast 'C' that there seems to be a lot of rust.
I suspect that despite the clean exterior, this mic may have been for a bath at some time in the past…
I may just bid on the other 940 on ebay…just to ensure I have a fully functional set., in case this one proves too far gone.
cheers
Paul.