How about thinking of it like this.. if you dont understand what I'm getting at just ask.

Thing is though, the phrasing suggests to me that the composer didn't really feel this in defined pulses or beats. It looks more like, at least in the second half of that bar something that is close to a 5 in 4, and then a straight 4.. at least so far as how it was conceived.. but it would be played rhythmically a bit looser.. as if the 2 subsections just spread the full minim.
I'm not sure if I'm being to bold, but this notations looks like "best way I could notate what I mean, but really its not quite possible to do this in standard notation" ... or in other words, you need an aural translation to really get what he/she means.