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Friday, 7 May 1920

Sir JOSEPH COOK (PARRAMATTA, NEW SOUTH WALES) (Minister for the Navy) - The answers to the honorable member's questions are as follow: -

1.   The five steamers. Belatta, Bundarra, Bethanga, Birriwa, and Birringa, were sold on the following terms: - Ten per cent. on delivery Pacific Coast; 20 per cent. on arrival Atlantic or Gulf port, or60 days after delivery whichever first; 25 per cent. four months after second payment; 25 per cent. eight months after second payment; 20 per cent. twelve months after second payment; buyers to give mortgage over the ships and pay interest at 6 per cent. also to insure the vessels for an amount of 25 per cent. in excess of the Commonwealth's interest in them; buyers to have the option of paying cash for each vessel, such option to be declared by a given date.

2.   The general manager of the Commonwealth Government Line, through the Commissioner for Australia in New York.

3.   No commission was paid.

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