There are some nice pictures here if you scroll down, of a terminal burn out, probably caused by a loose terminal screw. Nice old Crabtree stuff is virtually bomb-proof.
https://www.pistonheads.com/gassing/topic.asp?h=0&f=207&t=1953307
Oh, and do we need pre-main switch arc fault detection devices?
There seems to be evidence of heat build up but no fire in this case.
Z.