Here is a nice article by Seth at the 2-Track Mind blog, describing how he restored a very early Tannoy ribbon microphone. Seth went to great lengths, building his own corrugator and refinishing the mic, and the results look great. I played a tiny role here and was able to supply a little brass mount so that he could put it on a stand.
The mic itself is quite unusual, and the motor assembly (above) is different to most of the other Type 1 Tannoy ribbon mics that I have seen. Below is the more usual look of these mics inside, with a large cylindrical magnet and simple flat pole pieces: