If I had to guess, I would say that this is a bicycle lock.
5 3/4" tall by 5" wide padlock. When clock faces are lined up to correct time hours and minuted, the bottom bar springs open - Very strong Spring. Works Good, Left face has 2 hands and the right face has 1. Includes combination. Paint is very good. Small loss on top edge, plating on cross bar is worn. Top logo looks like, "JKS", but not sure. Backstamped "3000". - eBay
This interesting combination padlock sold for $195 (Plus $7.10 Shipping).