Abstract: A container for the waterproof storage of tools includes a base of circular cross section with an externally threaded portion and a resiliently deflectable lip. A cover threads thereonto and has an interior shoulder which bears upon and deflects the lip to provide sealing contact therewith. Both the cover and the base may be fabricated of durable synthetic resins which will resist the corrosive marine atmosphere, and the base may be provided with a plurality of recesses to seat tool components.

Abstract: A tool assembly for mounting bits includes a tubular shank with an enlarged end portion in which is seated a tool bit receiving socket and its other end inserted into a handle. The socket has a cavity opening at the outer end in which is seated the body portion of tool bits. Releasable retaining means in the cavity retains the inserted tool bits which seat against a shoulder therewithin. The socket itself has a peripheral collar seated against the end of the shank and seats internally against a shoulder within the cavity of the shank provided by the enlarged end portion.