are there numbers rather than dots ?
Inlet valve timing :—
Inlet valve opens 32° before top dead centre.
Inlet valve closes 63° after bottom dead centre.
Exhaust valve timing :—
Exhaust valve opens 65° before bottom dead centre.
Exhaust valve closes 30° after top dead centre.
When checking the valve timing the tappet clearances must be set to .016" so that the
tappets may be well clear of the quietening curves of the camshafts.
http://archives.jampot.dk/book/Owners_m ... Manual.pdf
The method of cam marking has been altered since 1945. The year of
manufacture and type of marking used are as follows:-
1945-48—Cams are marked with a dot. The pinion has a line on the
outside face midway in the keyway slot.
1949-51 —Cams are marked one and two for use on both Matchless and
AJS engines. Number one marks are for Matchless engines, number two for
AJS.
1952-53 (Valve Lift 0.326 in.)-Marking similar to 1950-51 models, with the
exception of assembling, when number two marks are used for both
Matchless and AJS models inlet and exhaust. (Both models have magneto
in front of cylinder at this date.)
1954-55 (Valve Lift 0.362 in.)-Cams are of the high-lift type (marked HL).
Additional figure number three is used for setting Inlet timing on the 350-cc
model only. Use number two marks for the 350-cc exhaust and for both
valves of the 500-cc model.
1956-58 (Valve Lift 0.362 in.)-Number three used for the 350-cc inlet,
number two for the 500-cc inlet and number one for the 350-cc and 500-cc
exhaust
Note—The latest type camshafts do not use a keyed shaft to drive the
magneto. If a keyway is not visible in the cam wheel use No.1 mark for the
exhaust-cam setting, before 1956-57