That kit obviously doesn't meet the standards of accuracy and detail that are taken for granted these days. It does, however, have considerable significance to anybody interested in the history of the hobby. It has a reasonable claim to the distinction of being the first plastic ship kit - or even, perhaps, the first plastic scale model kit of any sort. The convoluted history of it was detailed in one of the "Classic Kit" columns in FSM.
Dermot - If I were you I'd hang onto that kit. It may not be state-of-the-art, but it's a little piece of history.
Youth, talent, hard work, and enthusiasm are no match for old age and treachery.