Ok, I'll break it down a bit. First, the switch near the top that switches between the hot terminal of the speaker (or tip of the the speaker jack) and the 8R/20W resistor is simply a "dummy load" so that the line out can be used without a speaker plugged in. Since the amp always needs a load, when using the line out, you could switch the switch to activate the 8R dummy load.
If you were to use this feature, you'd want a 8R/50W resistor to safely handle the max output of the AC30.
On the other hand, of you are just planning on using the line out to drive another power amp or to feed a mixing board, then you don't need the 8R resistor and switch. In that case, you only have to worry about the bottom portion of the schematic.
The 10K to 50K resistor is there to initially drop the voltage coming off the OT secondary tap to get in the right line-out level range (between .5VAC and 1.5VAC). The 1K is not a resistor, but a potentiometer with the wiper going to the tip of the line out jack, which allows for fine adjustment of the line-out level to what ever you need for the device it's feeding. This could also be a 5K or 25K pot, but I wouldn't go any larger.
Hope that helps, but I suggest you put in the effort to learn to rad schematics - it will be very empowering!