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The nut and bolt method would be my choice for a left hand threaded cup, which this isn't.

I'd force a 1/2" drive socket onto it.
Or weld on a foot long bar.

Those lever bosses are riveted, thus there will be holes to fill.

Remove the BB first, invert frame and leave that post to soak in any light oil for a few days.

"Knobs can be removed".
You could easily find a 531 frame in that kind of condition for less money.

To use a drive belt the rear dropout will need to be removable - use a Trek District frame?

house prices crashing, get out while you can

Not in Leytonstone. Thanks so, Phil and Kirsty.

I've still got the Mrs' 04 Skoda Tdi estate, Sparky.
That'd leave many, many pounds spare for bikes.

Jim Davison shits a Quink chaser, after Adblu cocktails?
Seems that all's not so well in this E17 house of luv?
http://www.ebay.co.uk/itm/Cannondale-single-speed-bike-not-a-fixie-/261536764223?pt=UK_Bikes_GL&hash=item3ce4ce513f

Bad luck, Passion.
PM'd you about a sighting.

Rotating the worn races 90 degrees and a re-grease would be a short term fix.
Toothpaste idea is rubbish.
It's so mildly abrasive that to make any difference, all the balls' and races' surface hardening would have to be completely worn away, thus scrap.

(Unless it's Ray Reardon's or Jerry Dammers' super Drac fang paste).

Epoxy will fail as soon as any torque's applied to the nut - it won't work.
Not an easy one to fix.
I'd look at chopping it all off and using a band clamp, if there's room enough.
otherwise, an expensive TIG repair.

If you don't want / need to save the freewheel, take off the bearing collar ring allowing '101 bits' to fall out and dismantling of the freewheel.

Then molegrips plus heat / penetrant on the remainder which has been on the hub for 40 years.
All a bit brutal but it works.

If it was put on the wrong way round, it would pedal backwards...hence removal notches not accessible.

I've found Dicta freewheel teeth wear really very quickly (not helped by my poor chain care regime).

4th dibs

Chop him up and eat him.

Good deal with that Brooks included.
(Have you tried it horizontal, it might just fit you then?)

Good job they're not Honda C90s, else it'd be Hamlet jokes.

Thanks chaps.
Yes, there's been a downtube shifter braze on added, plus a derailleur hanger welded on. The welding looked a little rough, almost like the dropout had fractured and been repaired but some deft fettling proved that was not the case and it's much tidier now.

I'll use whatever group I can get for my short-term purposes. Shame, as I did have part Nuovo Record plus some copycat NOS Zeus.

So purists prepare to be outraged....I've never liked steel cranks, cottered axles.
I guess Clubmen would have had no qualms in the 60's and 70's about upgrading as kit moved on.

Hopefully it will be as nice to ride as my eponym!

dibs wheels, please. pm'd

Bumped for needing gears.

Nearly sold this recently. Some issues that I think I've sorted acceptably now.
Too big for me (55.5 cm sq.) but I want to ride a Hobbs, briefly, just to know.
A quick 'n dirty, fully reversible, build is thus required.
Steel will be preserved, possibly even painted. There is a wacky idea in the can on that front.
A donor 70's/80's basket case racer will likely be repurposed - and most of those parts will live on.

Fascinating how Hobbs relocated to Dagenham, post 1945 Barbican bombing, to the Sterling Works that made the machine gun.

Seconds drivetrain after Mr G, please.

I sold F 1 XED for 400 quid.
OBO 110 X!

I hope he finds a 70's jazz mag in his parents' loft, cracks on a six knuckle shuffle, only to come across 'Mrs Dinlo from Colchester' in Readers Wives, leading to decades of impotence in both bedroom and barn yard.

That'll easily make £100 on Gumtree etc.
Paying a shop to do a conversion is madness.
Buy a second hand OTP if you're no interest in DIY.

Mrs Hawkes and myself were waving at the Whipps X rbt - and got lots of waves back.
More fun than watching the Tour.
That tall bike...
All those hybrids running 20 psi.
Next year, for sure, possibly.

I think I've got a 26.4 that you could abrade to size if nothing better turns up.

Can do you a nice 700C for £15.
Wolber Gentleman / Shimano 600.