Lathe arrived today. It's in pretty good condition. All axis moving smoothly, etc.
I did mention the rag. Not sure the advice was accepted or not, but I passed it on in any case.
First thing I did when it arrived was change the gears in the screw cutting gear box (I would feel that they were not properly seated) and slacken off the change gears a little. And guess what, no more noise. Thanks for all your responses chaps.
One further question regarding setting the change gears …
Howard, you mentioned using a piece of paper. How does that work exactly?