Chris15 is right about the volume control.
Taps just are where you can connect into the
transformer coil in different places to get a different wattage loading. They could be wires coming out of the transformers or maybe metal tags that you can solder wires to.
Here is an example showing both the physical transformer and the schematic representation.
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On the schematic the taps are those wires that lets us set different wattage levels to use on the primary side of the transformer e.g. Orange (
wire colour) 4W(atts) is one tap, Brown 32W(atts) is another tap. (these are the wires at the back of the transformer in the picture.)
So to set it up you decide what wattage you want,then on the primary side wire that tap ( lead ) to the Signal (70V on back of amp) side of the 70V
line and wire the black lead to the
ground side ( common on back of amp).
On the secondary side the two wires go the
loudspeaker. (these are the wires at the front of the transformer in the picture.)
But since you have a volume control that has to be wired in somewhere. Chris will tell us if it is more likely in the primary side or secondary side.
But now you have seen what a 70V transformer looks like you should be able to work out how your volume control is wired. Remember primary side has the more wires and they should be labeled with the different wattages. The primary side will just have the two wires coming out.
So you need to identify the taps on your speakers. So find the line coming from the amp then see which wire goes to the Com side and the other lead should go to one of the leads marked with a wattage
rating. Then add up the wattage used on both speakers and take away from 60 Watts to work at how many more watts of speakers you can add. Don't push it all the way to 60 Watts as there are losses so maybe use 55 Watts as totaled allowed. Chris will tell us the typical figure used to allow for these losses.
Since you already have both speakers working you know you could move one without overloading the
amplifier.
Stock pot just means a standard potienometer (also known as a variable
resistor) used for a volume control. The stock part just means it has a resistance value that is commonly used for this job.
Hope that helps.
Brent