Your 3 way valve would be behind your left ankle when seated, approximately under the battery charger in the last picture. These are uncommon here in the US, I have only seen them where there was a factory loader. It diverts the oil from the 3 point hitch ram to your loader, log splitter or anyplace else you need it, you use your quadrant to turn the flow off and on. Just one of the many "different" features of a Selectamatic.
The knob/lever in your last picture, on the left rockshaft housing it the latch lever. If you turn it counterclockwise 90 degrees it will lock the 3 point arms in the full up position. There is a cam built into the back of it that allows a pawl to mechanically lock the arms up.
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Today's Featured Article - Identifying Tractor Noises - by Curtis Von Fange. Listening To Your Tractor : Part 3 - In this series we are continuing to learn the fine art of listening to our tractor in hopes of keeping it running longer. One particularly important facet is to hear and identify the particular noises that our
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