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@fatoldbloke
[QUOTE=yoav;2926667]A BB from that time probably has loose ball bearings. Whilst state of the art for that time, a cheap modern sealed bearing square taper BB is probably better.
[QUOTE]
I disagree, a Campagnonlo [or any other quality] bottom bracket with loose balls properly fitted up and with no detremental wear will be 'better*' that a 'cheap' modern equivalent. However, the sealed BB has the advantage that it requires no skill to fit it. fit, forget and replace.
** Define better
http://www.sheldonbrown.com/bbtaper.html
more info here.