Somebody is shorted, or reversed. Can't install TR51 backwards. If the metal back of TR50 isn't facing away from TR51, that would do it. The metal back of TR50 faces away from TR51 when it's turned around the right way.
Next thing I would try is to unsolder and isolate the center lead (collector) of TR49. This transistor controls TR51. If doing this shuts down the transmit carrier, change TR49, a 2SC945. If it's shorted, you'll get a slammed carrier and no audio.
And if the old TR50 checked shorted, this can cause surge damage to TR49 and cause it to short.
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