Let me add my two cents here...
As MD pointed out, B stands for Bulb, meaning the shutter will stay open as long as you keep it pressed down, in other words only one long shutter click. Older cameras have a T settting, where you could leave the camera's shutter open with one click of the shutter release and close it with another one. There are speeds in between B and 1000:
1-one second
2-half a second
4-quarter of a second
8-eight of a second
15-fifteenth of a second
...and so on, up to 1000th of a second. Some newer cameras go up to 2000th or even 4000th of a second.
In regards to 55mm and 52mm lenses... Hmm... Although I know of 55mm lenses, they are not called Tele lenses in 35mm. And I haven't heard of a 52mm lens yet. What you're probably looking at is the diameter of the lens, 52mm being fairly common. Can you tell us the exact data on the above, as to the maker and so on? That way we'll be able to dig further for info.