Hi Murray,

If I could clarify the details of the wad:

Three valve MM phono stage (3xECC83) to which I've added a pair or Sowter MC transformers which have 12.5:1 ratio. Loading is variable with steps giving 50,100,150,250,450 and 900 Ohms and these are the reflected loading on the Tx primary by loading the secondary.

Nick heard it before the variable loading was added and I think it was set at 40 or 50 Ohms, so very low.