It would appear from the photos that someone has cut the bottom out of the magazine so that the magazine that was stripped out to catch the empty rounds now just lets them fall straight through!!
If this rifle had been fitted with its Parker Hiscock magazine the price would have made a little more sense, see Skennerton "The Lee Enfield" page 484 .22 Short Rifle MkIII Magazine capacity 5 rounds Parker Hiscock. So this is a rare rifle that is incomplete and over priced in my humble opinion, but then as has already been said someone might decide it's a real bargin:madsmile: