O/S- The grounding plate was probably a Dynaplate made of sintered bronze I believe, such as these:
http://www.yachtbits.com/dynaplate/s...ing_plates.php .
There were routinely installed as the required hull ground plane for LORANs and SSB's . Sometimes they are used as ground plates for bonding systems and related lightning protection plans.
If you take a wire brush to the outside does it disintegrate? If so , obviously replace or discard and prepare/fill holes with marine epoxy if you determine it is no longer needed for bonding hull ground. It may just clean up( don't paint over.)
There is a good chance your main tank gauge will function properly if the sender is grounded to the neg. bus. That said, the tanks should also be included in the vessel's bonding system.