You’ll most likely have to flip that chain ring around so the concave side is facing out. Little thing I learned with my 66 violet collegiate 5 speed… it’s flipped for chain alignment purposes. Doesn’t look as pretty but I ain’t gunna argue with what the old girl wants 😂
You have the chainring on backwards, like everyone else is saying. Flip it around before you go any farther with assembly. I believe you will have chain clearance issues when shifting gears if you don't.