Bondage Time! In The Clock Room
It is definitely bondage time in this ridiculous comic panel is from Puntella Prim: The Sexy Superspy, by Vic Martin. The overall comic storyline seems to be very much in the archly-humorous style of Eric Stanton’s Blunderbroad or John Willie’s Sweet Gwendoline, although the bondage content seems only to be incidental, so perhaps Wicked Wanda would be a better reference. I found it in the October 1969 issue of Daring magazine.
Elsewhere on Bondage Blog: