Hello Oompa Lumpa
The toolpost you have seems to be a copy of the Dickson type quick change toolpost, if not a genuine Dickson. These are sold by, amongst others, Chronos, RDG and Myford. These come in different sizes, as well as the tool holders. the one you have might be the same size used on Myford lathes if your lathe is a Chester DB7 or 8, but measure before ordering.
The hole in the corner is for fitting a long plunger that locates in a hole drilled in the topslide so that the toolpost can be locked square to the topslide if required. Some of them have a hole in each corner. The plunger has a threaded hole in the top, or similar, so it can be pulled out to allow the toolpost to be swivelled round if needed.
The price as well as the quality varies between suppliers.
Regards.
Edited By Lathejack on 27/11/2013 21:53:06