That is the place where the otter switch would have been for fan control. So maybe someone fitted a low temp item due to an under-cooling problem at some time?
Perry Stephenson
MGB GT + Rover V8
9.62 @ 137.37mph
Now looking for 8 seconds with a SBC engine
http://www.youtube.com/watch?v=nVscbPHgue0&list=UUqIlXfSAoiZ--GyG4tfRrjw