Front and rear Sturmey Archer Drum brake hubs (3 speed in back, generator in front)
Fantastic placement of a horn- I was sooooo tempted to see what it sounded like!
And sparkly red grips! I wondered if the front light was a stock B&M retro, or if it was "modernized"
I especially like the retrofitted fender stays. A lot of the original fenders on these old steel bikes fail at the stay attachment to the fender. This is a seamless integration of modern stay and old fender (or a VERY good paint job to make the fender look original).
Charming rear light. I assume it's an LED retrofitted into a vintage housing. Note what appears to be cat5 cable for the wiring :)
The hubs were built into stainless steel rims which is unusual- I couldn't read the manufacturer. I am not certain, but from the fender line, I wonder if they're 650B.
All in all a lovely modernization of a classic city bike.