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@TheShipwright
If the hubs are Ok what about rebuilding them into new modern alloy 590 rims, sjs do them for £20 each. You could then fit some decent cartridge pad holders with koolstop salmon pads or the koolsop thin line salmon v brake pads work really well in these brakes. Those old brakes can be made to work quite well if you strip them, give em a good clean and lube all the springs and pivots points.
Good luck, it's nice old bike.