Thank you Andy, Geo, Luis and Terry!
Luis, I'm flattered, I just hope i can keep it up all the way through.
Ok, the function of the computor:
You set the QFE (barometric pressure on the ground .. as at takeoff) by moving the side cage bottom right.
Then rotate the temperature tab on the left top to the current outside air temperature.
Next, top disk rotates until the height shown on the altimetre is opposite the "I" (right hand pointer at the top, corroded)
Now you can read off the corrected height "C" pointer.
You can also set the IAS the bottom "I" pointer and read off the corrected airspeed.
You now have a Calibrated Airspeed and Height to calculate your ground speed!