Australian speedboat Wasp III is a racing hydroplane speedboat designed and built by Harry West

Harry West

Henry William West was a politician in Northern Ireland who served as leader of the Ulster Unionist Party from 1974 until 1979.West was born in County Fermanagh and educated at Portora Royal School in Enniskillen...

, which held speed records in Australia in the 1950s and 60s. It is built from plywood and powered by a heavily modified Peugeot

Peugeot

Peugeot is a major French car brand, part of PSA Peugeot Citroën, the second largest carmaker based in Europe.The family business that precedes the current Peugeot company was founded in 1810, and manufactured coffee mills and bicycles. On 20 November 1858, Emile Peugeot applied for the lion...

 car engine. It is designed to skim the surface so that only the propeller

Propeller

A propeller is a type of fan that transmits power by converting rotational motion into thrust. A pressure difference is produced between the forward and rear surfaces of the airfoil-shaped blade, and a fluid is accelerated behind the blade. Propeller dynamics can be modeled by both Bernoulli's...

and the tips of the hydroplanes are immersed when it is moving. The boat currently resides in the Queensland Museum, Brisbane, Australia.