Muzzer they are indeed governor weights, have a watch of this similar Gade running, you can see how the L shaped levers attached to the weights move a "spool" on the crankshaft which in turn moves more levers that activate a latch which as the governed speed is reached will hold open the exhaust valve making the engine "miss"
Static pics of the same engine
There are several variation on the theam but they all basically use a weight of some sort to activate a latch.
This one has a wedge shape to push the spool.
And this one the weight lifts a cranked lever
Edited By JasonB on 21/01/2016 16:35:57