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Hoover Zodiac 470 throws belt. Pulley loosens. Why?

My 25 year old washing machine has worked perfectly for years but has just thrown the belt. On inspection the large wheel (pulley) has loosened. I can tighten its nut but the head of the shaft that the nut and pulley are mounted on seems to slip, so the nut never tightens completely. So when I try to tighten it then run the washer the nut loosens and throws the belt again. How do I tighten the lock the nut?
Tokoh, February 2010
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