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Old 11th January 2021
If i remember correctly the brakes on that machine were made of felt glued to a thin band of metal and were notorious for coming "unglued". If the machine has not been maintained you might also just have worn out felt that needs replacing. We used to use felt from a fabric store and glue it on (after removing the old felt and cleaning the metal band) with Pliobond glue.

From the WWW: Pliobond® contact cement is ideally suited for bonding steel, wood, rubber, leather, canvas, aluminum, fiberglass and glass. This adhesive actually gets stronger as it ages and is highly resistant to vibration and expansion/contraction.

Word of caution use it in a well ventilated area as it smells terrible.