The 1.5m diameter faces, clock mechanism and four bells - the largest of which weighs 700kg and measures over a metre in diameter - were taken from the earthquake-damaged postal building in 1942.
The bells had last tolled from an automated tower built by the Masterton Rotary Club at the southern gate to Queen Elizabeth Park, but had fallen silent for the better part of 30 years after frequent mistiming and complaints the tolling was a distraction to staff at the nearby Masterton District Court.
Mr Daniell had earlier told the Times-Age the bells "had a beautiful mellow tone" and the faces featured wrought iron hands and roman numerals in black relief.
The bells were removed from the tower in 2006 and were stored alongside the other parts for eventual installation in a replica tower that Mr Daniell said yesterday would cost "hundreds of thousands" of dollars to build.
He questioned the efficacy of siting a replica tower at the town square given the significant cost of building the structure, which would be especially burdensome and unlikely in the wake of an unrelated proposal to construct timber signposts with metal icons throughout the town.
He said the clock tower also would be largely wasted at the town square site and the tolling of the bells would more than likely provoke complaints from nearby businesses and residents similar to the gripes that had silenced the bells when sited at the entrance to the park.
Mr Daniell said there were still some mechanical elements of the clock "that needed exploring" and it could take up to three years to construct a replica tower.