Its a tachymeter. Its actually a base 1000 the 60 is the last marking on the outer scale it matches with the 120 at the 6 o clock. It is not the first marking on the outerscale. Basically you would start the chrono and after it sweeps past the 60 you move to the middle scale, then after you pass 30 you use the inner scale and it would stop at 20.
Easiest way to explain how it works, is that you would start the chrono after you pass a mile marker on the road, and stop it at the next mile marker, and it would tell you how fast you where going.
The outer Telemetre scale was used in artillery. You would start the timer when you saw the explosion, then stop it when you hear it, and it would tell you the range. Yours is marked in KM, today AFAIK the only use is for thunder and lightening.
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