Check that the input transformer is in the correct orientation.
Check that TR1 and TR2 have the correct value.
Check that R3 to R10 have the correct value.
Check that the voltage on B+ is stable.
Check the input transformer coils resistance (in circuit, input pot on max):
- 2-4 : 37 ohms
- 3-5 : 37 ohms
- 7-9 : 100 ohms
- 8-10 : 100 ohms
Check the input resistance (between XLR pins 2&3, input pot on max): 4.6k