http://aircraftwalkaround.hobbyvista.com/bv141/bv141e_web.jpg

Would anyone mind translating the text at the bottom of this diagram.

I´ll give it a first try, hopefully I got the correct terminology:

1. directional flight indicator
2. turn coordinator
3.
4. variometer
5. artificial horizon
6. pilot´s slave compass
7. altimeter
8. tachometer
9. pilot´s intercom/radio box
10. gun sights with crosshair
11. directional compass
12. main gear display ("Siemens-device")
13. tailwheel status lamp
14. low fuel warning lamp
15. bomb aiming device
16. flare pistol
17. main gear emergency release lever
18. lever for shoulder harness adjustment
19. emergency bomb release lever
20.
21.
22.
23. circuit breaker board
24. clock
25.
26. clock illumination
27. gas lever and propeller pitch lever
28. main fuel valve switch
29. oil cooler
30. manual pump
31.
32.
33. (landing) flap switch
34. landing gear switch
35. trimming stick
36. engine starter switch
37. magneto switch
38. signal lamp (I think like "master caution")
39. main circuit breaker
40.
41. dimmer
42.
43. switch for the landing gear signal lamps

20 and 21 are switches for the operation of the aerial camera. 22 is some kind of display for the pitot tube.
I´m not sure about the rest of the equipment, but I´ll try to find out.
Greetings
Christian

Thanks Christian, that's a big help!

40 = signaldruckknopf
32 = Betatigung der Luftklappe

;-)

32 is a switch for the "air flap" (literally), I don´t know what this means. Maybe it has something to do with the carburetors.

4. statoskop-variometer (a special version of the variometer)
40. signal pushbutton
42. fuel gauge selector switch (most probably)

For a detailed picture of german aircraft instruments I recommend this site (german language only, but lots of details):
http://www.cockpitinstrumente.de/index.htm
Greetings
Christian

Thanks for putting in so much effort!