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If this is one of the Bakelite capacitors, 1/2 watt should be fine.

Rod

Well, they are not the bakelite type like in the mod. 70 onward, these are large (about 1/2" diam. X 1 1/4" long) round paper type caps with the same tar type filler as the block type. but the risistor is thin wire wound around the outside from terminal to terminal. kind of like a small coil form. Thanks, Todd