Thanks for that - I had noticed the timed-out log entries but couldn't understand how that related to those items/baskets that appear in Paypal's emailed list of failures, and the fact that some of those on the list had been successfully handled (779, 789, 781, 408, 596).
However, this morning's email from Paypal has only the last two of these items, so presumably the problem is working its way out.
I am left wondering whether this was the result of a considerable number of members trying to renew their subscription at more or less the same time; a result of bank S/O payments that should have been manually updated but were not - hence expiry warning notifications being automatically sent out at the same time.