This looks remarkably similar to my first lathe - ShopFox 1704; adjustable speed with a single belt position, 1/3 HP motor, no handwheel on the headstock, and a knob rather than a handle on the tailstock. Fine as a starter lathe and for making kit pens, but seriously underpowered for anything larger.
King Canada lathes are made in China and often have specs similar to lathes sold by US suppliers with different names. For example, King Canada has a 12x18 lathe that looks just like my 12" Turncrafter except for the color of the paint and the fact that the King Canada variant has a built-in reversing switch.