B&O mic amp.
The BM2 - BM6 were intended for use with the best B&O reel to reel tape recorders:
BM2, 3 and 4 for model 509U and 512K (both tube designs with mu-metal encapsulated mic transformers)
BM 5 and 6 for Beocord 1800, 2000 and 2400 (germanium and later on silicon transistors). They featured a semi-modular design with a dedicated, transformerbalanced mic amp board. You have the possibility of switching between 50 ohms (for BM 2, 3 and 4) and 200 ohms (for BM 5 and 6) input impedance.
BTW: Since the first versions of this board used germanium transistors, it is wired with positive ground. As far as I can see, they just put in silicon transistors in the later series with almost no changes in the circuit.