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Tuesday, 19 March 1957

Mr PETERS (SCULLIN, VICTORIA) - Is the Prime Minister aware that the Peninsular and Oriental Steam Navigation Company, whose vessels carry a large proportion of Australia's exports, declared a dividend equivalent to 48 per cent, on the company's 1949 capital, before watering? If he is aware of that, has the Government done anything to divert the coastal steamers controlled by it to the overseas trade, in order to limit the opportunities for piracy by this company? If the Government has done nothing along these lines, will it now arrange to employ suitable vessels that are controlled by the Government, and are now being used in the coastal trade, in competition with vessels owned by these overseas pirates?

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