Fine adjusting mechanism for a cutting tool

A boring cutter assembly with fine adjustment, comprising:

• a cutter shaft having at least one cutter seat formed on a distal end thereof, said at least one cutter seat having a first threaded hole formed therein, said distal end of said cutter shaft having a counterbore formed adjacent said at least one cutter seat and a recess formed in a wall of said cutter shaft between said counterbore and said at least one cutter seat, said counterbore having an open side portion in open communication with said at least one cutter seat and said recess, said counterbore having a second threaded hole formed in a bottom wall thereof, said distal end of said cutter shaft having a first scale formed around said counterbore;
• a fine adjusting screw having a head portion disposed in said counterbore and being threadedly engaged with said second threaded hole, said head portion having a top face with a second scale formed thereon for correspondence with said first scale and an annular groove formed circumferentially therein;
• a blade disposed on said at least one cutter seat and having a conically shaped through hole aligned with said first threaded hole, said blade having a plurality of side walls inclined to define a clearance angle of said blade;
• a substantially C-shaped resilient member engaging said fine adjusting screw within said annular groove, said resilient member having a distally disposed face inclined at an angle corresponding to said clearance angle of said blade and contacting one of said side walls of said blade, said inclined face having a stop extending therefrom and abutting against said wall of said recess to prevent rotative displacement of said resilient member as said fine adjusting screw is rotated, wherein rotation of said fine adjusting screw alters a height of said inclined face of said resilient member relative to said blade and thereby adjusts a lateral position of said blade;
• and,
• a securing screw passed through said conically shaped through hole of said blade and threadedly engaged with said first threaded hole, said securing screw having a conically shaped neck for coupling with said conically shaped through hole of said blade for retaining said blade to said at least one cutter seat.