The idea being that since they were threaded into the holder besides being firmly clamped, they would not creep out of the holder under cutting forces, as will smooth shank mills in collets sometimes will.
You can still buy Clarkson collet chucks and threaded cutters new.
Can't see if there is a thread in the collets shown with the chuck, but they look the same externally as the threaded type.
With the asking price I don't imagine many hobbyists would be buying a new Clarkson chuck though.
Peter
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