So a mate turns up with a lump of steel about a foot square and not far short of an inch thick. Says he wants a 4 inch strip cut off the side, and then a 3/4" hole drilled through one end of the bit we cut off.
So, ten to fifteen mins with the 9" grinder later, and we had a big pile of grinding dust, and a lump of metal (not sure what kind of steel it was). So I made a 1/4" pilot hole, and then stepped up until I have it at 1/2". Then realised that I did not actually have any HSS bits in large enough sizes. A bit of a rummage later and I found some blacksmith drills that came with an ancient small lathe that I was given, including something close enough to the size required.
Only problem was the drills in question had morse taper shanks, and the taper on my bench drill is both the wrong size, and the wrong way round (i.e. the shaft is part of the quill and the socket in the chuck) so I could not mount the drill directly. So in the end I had to go for a bodge, and grip the shank of the drill as best I could in the three jaw chuck, get it roughly centred, and then rely on the pilot hole in the material to keep it inline. Splashed on some cutting fluid, and took it slow (the drill has not really got the oomph for that size in steel, and the belts slip if you push it too hard). Got the job done in the end.
Which made me wonder, is there a nifty trick for holding MT shank drills when all you have is a jacobs style chuck?