I'd be interested in seeing where that 22V line goes ... but the circuit seems fairly straightforward.
The 47R resistor, together with the 1000uF capacitor provides some supply decoupling. Basically, the 24V supply would have a little too much ripple on it, so to smooth that out for a sensitive part of the circuit, a 1000uF capacitor is fitted. However, if that capacitor is connected directly to the 24V supply, then the ripple on that supply can still find its way into the circuit.
By adding the 47R resistor, the voltage across the resistor can vary with the ripple, allowing the capacitor to maintain a much more constant voltage.
Please note that this approach only really works well when the total current drawn by the working circuit (in this case, whatever is connected to the 22V) does not vary too much.
* Edit The larger this resistor is, the smoother the 22V supply gets ... but it is also much more sensitive to variations in current draw. Just a little more current and the 22V will start dropping.