A classic precision drill press by the Swiss maker Ed.Luthy & Co. AS of La Chaux-de-Fonds. This drill - and the Sallaz machines shown here - are believed to have been used in the Bolivia watch factory once located in Queens NY; the evidence being that a Bolivia bench micrometer both came, originally, from the same USA seller.
A notable future of the drill is the inclusion of built-in "oil cups" on the upper and lower bearings and, instead of a chuck, a tiny collet used to hold a 1/8" countersink.
Other lightweight drill presses and similar models include Aciera, Cameron, Baby Grand, Champion, Baldwin, Dixi, Dumore, Hamilton, Hauser, IME, Luthy,  Meepos, Micromeccanica,  Oldak and Apex, Paco, Progress No.10, Ruka, Schaublin, Sher and WA-CO..

On the left a most unusual Luthy precision drill press badged by A.H.Jones, once a well-known sell of better quality machine tools.
On the front face of the base casting is a badge for the maker of the English electrical equipment. With a built-in motor and a No-volt safety-relase starter, it's likely that the unit would have been marketed during the 1950s for industrial use.