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@Cowburned
Apparently, that's just how some older bikes were built. They said they had a Peugeot in a while ago with the same thing, hence telling me not to bother rather than have me spend £250 plus to then find out I should have stuck to my old MTB (god no) or go off the peg.
Pretty gutted as it could have looked quailty. Better get so more of my old crap on Ebay and save up for a whole bike...anyone want a Record Sprint frame??!?!