Thanks. It's up and running and has wriiten a speech and completed its first FT crossword
The ferrule was unwilling to move, so I resorted to more drastic methods and an awful lot of graphite frangments fell out! Some delicate surgery was needed on the gripping mechanism, as a consequence of earlier custodians winding it out with brute force and forcing lead into a compacted mass!
Incidentally, the mechanism of the Onoto Magna pencil is rather interesting - the term "over-engineered" comes to mind..