THE HEMP INDUSTRY.
A SERIOUS FAILING OFF,
The monthly report of the Chief Fibre Expert (Mr C. J- Fulton) shows a serious decline in the quantity of hemp produced. The hemp graded for the month of January was 6323 bales only, as compared with 12 086 bales for the corresponding period of 1908, a decrease of 5763 bales.
For the the twelve months ending 31st January, 1909, the grading amounted to 83,606 bales, a decrease for the twelve mouths of 55.4 H bales. In his report the Chief Fibre Expert states- that “ millers are very despondent at the present outlook, and a good many will close down if a further fall in price occurs. Advices from Manila indicate that the enormous output for 1908 will bs equalled, if not exceeded by this year’s production, and, in the face of such competition, the New Zealand hemp industry must remain almost lifeless. The only hope lies in reducing the cost of production, or in devising improved methods of milling.”
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Manawatu Herald, Volume XXXI, Issue 450, 11 February 1909, Page 3
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167THE HEMP INDUSTRY. Manawatu Herald, Volume XXXI, Issue 450, 11 February 1909, Page 3
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