The whole system is new - calipers, lines, prop valve, linelock, master cylinder etc etc (actually the rear wheel cylinders I reused).
I bench bled the m/c, fitted it and filled the system (brake fluid everywhere, and me with my nice new paint

As mentioned, the m/c is new, but it has sat inside the house for many years. All the ports were plugged, and there was still fluid in the orifices! But all I can guess is that the seals have dried up or something. In fact, I nearly disassembled it beofre fitting just to check, but decided not to!
Any thoughts, or am I right in my diagnosis?
A real pain if I need another m/c. I do have a used spare but that has not been used for a similar length of time. If I do get another one I think I might go straight to an aluminium 2 bolt. Saves weight, and less mess without the rubbish 'bail wire' cap??..