Yes, Jetflow. What seems to be correct are the frame , the rear rack, and chainring/crank. I do believe the fork is from a sears bike, but an earlier Elgin model. As to what to do with the bike--make it a rider. I have a western flyer X-53 (same frame, essentially same fork as beehive) and it rides nice. The Beehive fork is not at all uncommon and perhaps a kind American can hook you up for smallish money. You are right about the tank--expensive and a bit hard to find(and then the matter of where you are). I would get rid of the front rack--it's inelegant.