Sorry to drag up an old topic but I couldn't resist...
I have one of these, it's a Sea Star by Billings Boats. Very similar to the Peg 3 but in a smaller scale.
Mine -
http://www.btinternet.com/~mjt60a/ub...s/tropic02.jpg - I built it around 20 years ago, first attempt at a boat. Several bits are missing now (easily remade), I got the wrong scale people (1/50th, model is 1/40th apparently) - and didn't I make a pigs ear of the radio mast!