[Squire]

Glad I could help you out! I've been informed that these wrapped caps were used to filter out interference from a maritime broadcast band that is no longer in use. Just replace it with a normal modern .2 cap and all should be well. I did just that when I restored a "Hippo" and just recently in my 46-1203 with good results! I can't speak for my 48-1256 because it's decided to give me trouble! I've gone through the caps and resistors and have the amp working but I get no radio, just a hum. Probably time to start my own thread and ask for help!