I just bought this from a friend this morning who Is a balloon tire enthusiast. I don't know a lot about these early 20th century bikes but am eager to learn. Painted on the down tube in beautiful hand done lettering is J. Demuysere. I googled the name and it turns out that Joseph Demuysere stood on the podium in the '29 and '31 Le Tours. The cloisonné head badge reads Cycles Royalty construction garantie. Any help or info is appreciated. The wheels are lobdel wood rims with a double fixed made in England rear hub and the front hub has a star stamped on it. The adjustable hub is marked made in England. The saddle with the interesting repair is Oscar Egg.
Here is the link to my Flickr:
Thanks for looking.