Hi Martinr,
It certainly sounds like your motor is not dual voltage. You have a few options.
You could buy a three phase CONverter which will give you 3 phase but not variable speed. There are two types, static or rotary. Static are cheaper but do not give such a good approximation to true 3 phase, and a 1 HP motor would probably only give 3/4 HP output. Rotary converters are basically static converters with the addition of a balancing motor ( itself a three phase motor, rated at higher HP than the load motor). By changing over two of the wires you can reverse the direction.
You can find these on ebay, static converters at about £400 for 1.5 HP. Rotary converters cost about £600 for the same power. Not a cheap option really, although it becomes feasible if you have other 3 phase equipment. It is however the easiest option because you can just plug and go.
A three phase INVerter is the type that gives variable speed but needs a dual voltage motor as they give out 220v 3 phase. I have heard of inverters having built in transformers which give 440 v 3 phase and would run your 440v motor but I don-t know anything about them I'm afraid. I don't think motor mounting would necessarily be a problem. If the bolts don't line up you could perhaps mount the new motor to a ply sub base and fix the ply sub base to the lathe. Then it's just the pulley to fit to the new motor shaft, again might fit or might need reaming to fit, and ensuring it all lines up. An inverter would be around £150 in a suitable housing. That is the best way to go I think. You will have a really nice, well respected piece of kit at the end of all this messing about - I love mine. The spindle thread is the same both sides (apart from right / left hand thread) and you can get a dual threaded chuck which fits both sides - saves getting another chuck or an adapter if available ( which is unlikely since it is not a common thread). Your lathe is solid enough for professional use and can run all day. Of course you could just sell it on and use the money to buy a hobby rated far East one with a recommended Maximum use of 100 hours per year, but I certainly would not. Keep the beast, get it working and enjoy it.
Just one more comment - if you go down the inverter route, you will need to bypass the switchgear and safety microswitches because the inverter must connect to the motor directly, and you control the motor from the inverter front panel or using remote cabling. Again this is not a problem ( unless you are employing someone and H&S are involved because of safety switches). The remote cabling is low voltage so you don't have to worry too much about that.
So basically it's source a dual voltage 3 phase motor of about 1 - 1.5 HP first, then you can see about mounting / pulley issues, then get a suitably rated inverter. Wire up and away to go using default parameters on the inverter. If you feel unsure about the wiring then obviously get appropriate help - don't take risks.
Any more questions- just ask. I'm not an expert but I do have a graduate bowl lathe, a 3 phase inverter and a rotary converter ( for my colchester metal lathe, because I wanted to keep the switchgear).
Edit - try to get a motor that is rated as 1425 or so rpm rather than 2850.
K