I can't really add anything to Nigel's post above, except that it might be worth checking that the spindle bore is in fact MT4 – my Harrison lathe (both Colchester and Harrison were part of the 600 Group) has a spindle bore with a 4 ½ MT bore – some of the Clausing (made by Colchester I believe, and badged for the US market) lathes were also 4 ½ MT as well
If you need to turn between centres only occasionally, you could just chuck a bit of 1" bar in the 3 jaw, turn a 60 degree point on the end and then drive the work with a dog riding against one of the chuck jaws.
edit – I see Brian has already suggested doing this.
Edited By Steve Pavey on 10/08/2015 17:10:22