I believe that is a decompression time bezel.
I believe it’s before the days of air pressure gauges. Basically it’s a deco table. When you get top side you set the bezel to the max depth you hit in feet on this one, to the minute. And that is how long you have to stay top side.
It might be meters, I need to pull out the old US Navy Diver tables to confirm.
@Jones in LA might have a better idea.
Click to expand...