I think you are referring to the air intake box located within the top vent. It is a separation between exhaust and rear intake for barometric damper. No catalyst and no smoke passed through it. It is simply an air intake for chimney to control excessive draft by introducing cooler air into chimney, the same way a T would do on a barometric damper. This is not a barometric stove. They were on some model III's after 1980 shown below;
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