With that stock you want to go over it with denatured alcohol first to try and remove as much of the original finish as possible. Or at least to soften and blend in all the chipped edges. If that does not work, use acetone . With a flaked off lacquer finish like that, it can cause hell with ending up with splotchy areas of discoloration after putting on an oil finish. It is really best to try and get all of that old lacquer off.
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B. Dudley
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