I dont think this is how you are decribing it is it? Looks pretty funky to me. This is from ebay, not my bass. Here is his explanation:
"Note: I've been asked about the position of the bridge in the picture. Fear not - it's a floating wooden bridge. I prefer fairly low action, and I put it in that position to set the intonation as much as possible. I have owned a couple of these Hofner copies, all with wooden bridges, and have had to do similar setups on all. Hope this helps."