Hey, nothing wrong with a .22 Hornet. In fact, I've got a BRNO 22 Hornet bolt gun.
If it reads Brno, I can only assume it was made before the break-up of the Czech Republic. Now they're CZs, I think.
I'd put a schnable stock on that bad boy, some nice wood, and leave it as a Hornet, one of the most under-rated calibers around. With a 35 gr. BT, you can realize 3100 fps easily.