Seems like the frame has sat in a damp place sometime during its life so it's pitted quite badly in places, the rust has been blasted off before the new coating of laquer was applied.
Worst is the lower headtube lug which are in the pictures.
@Thrust started
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Seems like the frame has sat in a damp place sometime during its life so it's pitted quite badly in places, the rust has been blasted off before the new coating of laquer was applied.
Worst is the lower headtube lug which are in the pictures.