R55;
Volvo parts typically have a logo or identifying numbers...so I'm not certain that looks like a piece of the 1800S Seatbelt works, but it might be a Retractor from the later 1800E/ES works...it is not part of the important connections which must stand up to significant tension when used in their ultimate function, but it might be a part that keeps the free-end, after adjustment, neatly coiled and stowed...does the roller have any sort of internal spring intended to keep the roller preloaded?
Cheers
Edit: First thing I should have asked is: Have you RTFM?
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