Posted by Neil Wyatt on 11/08/2016 18:52:36:
Are you sure it isn't 1.250" shank?
Could be either, 32mm is a standard size for Clarkson style threaded shank cutters:

My SKF/Dormer Clarkson clone chuck has both 1.25" and 32mm collets; however it's on an INT40 spindle taper. I don't know whether the larger chucks can be obtained for R8 spindles. Personally I wouldn't bother; the Bridgeport doesn't really have the rigidity or horsepower to make proper use of this type of cutter.
Andrew