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
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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