The Vintage Wrist Watch Company has dated this piece to the 1910s.
The watch has a key-winding movement which is working nicely; a key is included. The movement is protected by an inner fitted cover and then an inner hinged cover.
The watch itself measures 50mm diameter excluding the stem and the loop. The case is silver and there are Swiss hallmarks inside both of the case backs.
The watch is older than the inscription and would have been 'second hand' when it was presented to Mr Lacey... we see this quite often as brand new watches would have been rather expensive at the time.

The case is in good condition, just a little unevenness to the bezel but nothing too detrimental at all.
The glass lens is in good order.
The dial is signed W E Watts, Nottingham, The Greenwich Lever. William Edward Watts was founded W E Watts in 1858. The company specialised in the production and retailing of branded pocket watches and the provision of time keeping equipment to the sailors and coast guards. The company is still trading today under a slightly different name and an historical collection of old W E Watts pocket watches is on display within the shop, which is in Derby. There is a little marking to the dial.
The watch will be sent in a new presentation box.
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The Vintage Wrist Watch Company has dated this piece to the 1910s.
Specialists in antique and vintage wrist watches and pocket watches
You can view the stock and full dealer information on the The Vintage Wrist Watch Company Profile Page