Healing 10 Speed: Healing's amazingly successful best seller. The cunningly named 10 speed rode the crest of the oil crisis and the 10 speed boom. Gents and Mixte models. The frame was butt or bronze welded out of local steel supplied by Southward Engineering. Even the handlebars were bent up in NZ on a locally built machine, and a very peculiar bend they were too. Despite dire predictions by those brought up on proper lugged frames, the 10 Speeds proved to be rugged if uninspiring machines.
Cool bike, personally I wouldn't ruin anything (like flopping and chopping the bars), I'd just swap out the rear wheel, add new bar tape, pull off the dérailleurs, shifters, put them somewhere safe and give it a one-over.
Also, looks like rear brake has been nabbed off of a woman's cycle (not a problem tho).