My dad's old bike frame from the late 1930s/early 1940s has been languishing in the garden shed for a while. My brother rebuilt it in the 70s so most of the running gear (at least what's left on the bike) is not original. I last used it about 20 years ago but it needed a serious overhaul and I've never got around to it.
From the very faded decals (and my dad's remembrance) it is a 'Palace Special' which I think was made up for him by W S Hood cycles of Hammersmith and has Reynolds tubing (not sure whether HM or 531 though I think it's just late enough to be 531 having browsed for info.)
Does anyone out there know anything about this make and whether the frame is worth salvaging now. As far as I can make out the frame no. is B157
You can see some photos here http://www.flickr.com/photos/30235553@N08/
Thanks for your help.