Thanks for the replies.

The engine number is 110 922 12034747. Checked the pointer and it is below the lower right hand bolt of the thermostat housing. Can see no other place a pointer could be placed.

I think replacing the chain would be the answer, then to align everything up to were it is sapposed to be. Just beat the H out of me how the timing could have gotten off by 30 degrees BTDC. A real head scratcher to say the least. Talked to one mechanic and he thought I was kidding him as he has never heard of such a thing. Something about muffler bearings I guess. :p