Its a bit finicky to use but the results are quite nice. This machine is called the Incredible Sweater Machine identified by the fact that the needle bed is in two parts. Its first incarnation was the Bond Original which came out in 1981. The inventor Roger Curry named the machine after Bond Street in London apparently because he felt that street in particular illustrated the height of British fashion at the time. Curry wanted to make it possible for all women to make their own fashionable garments quickly and easily.
For some reason my machine does not have the original carriage with it. I am using the intarsia key plate to knit with until such a time that I find a proper carriage.
Using the keyplate makes setting up the hooks a bit tedious as they are set up by hand using cards to position them as shown in the first picture. The yellow card for working position and green card places the stitches into the far front of the needle bed.
There are tons of youtube videos and instructional websites out there as machine knitting is still popular. This is a good website for information about the Bond machine.