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@888CD
Thanks for the info everyone.
It's a beautiful frame, and I feel lucky as hell for finding it.
I just can't let it go. I'm unlikely to get such a good frame so cheap ever again, especially one that's the perfect size.
I've decided I'm gonna convert it to a fixed/ss and (sorry purists) remove all the braze ons but keep the hanger. I've got a mate who knows his metal so it'll be done well and hopefully should leave no trace.
I'm not likely to sell the bike for many many years (if ever) so it's a perfect opportunity to make it mine and give it a new lease of life. Thinking about a nice shade of grey for the frame, though I'm not sure my budget can stretch to a Mercian paint job.
I'm now on the look out for parts to bring this thing alive!