Thanks men.
The spindle is what was in the bike. 68mm bottom bracket.
I bought a new crank and cranks arms to go alloy.
When I put it on, I noticed the chain line looked out.
I went back to website I purchased from and noticed the crank was for 7,8,9 speed and mine is a 6 speed.
Also. the front derailer doesn't look like it can be adjusted to swing out as far as the outer ring on the new crank.
I will take another look and actually put a chain on it and verify I have a significant problem before proceeding.

If I do, then I will proceed with purchasing a spindle to locate the crank where it needs to be.

Appreciate everyone's helpful guidance.

Best regards,
Doug