A couple of weeks ago I was given an old road bike (they said 10 yrs old... thats a laugh, it is 70's or 80's style). I was going to build it back up, but the tires had major dry rot, and by the time I replaced everything I would have been in new bike $$$ territory. I may cannibalize the aluminum rack off of it temporarily, if I need it.
Also, shouldn't there be lugs in these holes? I'm thinking the bike shop took them out while installing the frame pump and forgot to put them back in.