Thanks scrimper, if it has brushes then there is a possibilty to put something together ??
EDIT I had a look and there are no brush holders visible around the motor casing so it looks as if it is indeed an induction motor. I got some info. from the plate, Model No. MASS006BMA, Motor 1/8, 1 Ph, 240 V, 1720 RPM, 0.6 Amps. I found a manual for a 22" Grizzly that looks exactly the same machine.
At 1720 rpm it is pretty fast for cutting thin ply but I suppose I could stack cut if needed but it is a bit fast and only takes pinned blades I have a couple of Axminster blade holders that I can get to work but I really need variable speed for my work.
Would it be possible to swap out the motor and replace it with a motor and variable speed control from another machine ??. I have a spare 16" machine (Parkside) that could be used as a donor ??.
Thanks to everyone for your help I would just like to be able to use this 22" machine for larger projects.