Rotary Transformer Ref No 10K/21 s/n 1822;
Input 12V, 32 amps; Output 1200 volts 0.2? amp;
Newton Bros. (Derby) Ltd.
You will find references to the later Type 31 made for the RAF in 1940.
Your Type 28 example does not have the broad arrow that identifies government equipment.
The initials A M, either side of the crown suggests an English telegraph company, with appointment by the Crown. What is written on the crown x+y ?
It looks to me like it is a DC to DC converter. I suspect it generated high voltage for wireless telegraphy.
" Founded in 1899, Newton Derby has a long history of delivering generator solutions for technically demanding projects around the world.
The company was founded by the Newton brothers and one of the brothers, Mr Frederick Newton, had continued involvement of designing generators for aircraft in both world wars."
https://Newtonderby.co.uk/about/history/