H—44b

1950 NEW ZEALAND

LINEN FLAX CORPORATION OF NEW ZEALAND

Presented to Both Houses of the General Assembly

Your Excellency,— Wellington, 25th July, 1950. I have the honour to submit for Your Excellency's information the fourth report of the Linen Flax Corporation of New Zealand, for the period ended 31st December, 1949. I have, &c., Charles M. Bowden, Minister of Industries and Commerce. His Excellency the Governor-General of the Dominion of New Zealand.

Str, — Wellington, '2sth July, 1950. I have the honour to submit the fourth annual report of the Linen Flax Corporation. This report deals with the principal operations of the Corporation for the period ended 31st December, 1949. I have, &c., F. Johnson, Chairman of Directors, Linen Flax Corporation of New Zealand. The Hon. C. M. Bowden, Minister of Industries and Commerce.

REPORT INTRODUCTION The 1949 processing year opened with little in tlie way of straw stocks other than the remains of the badly rusted crop of 1947-48. An excellent crop was, however, then growing and about to be harvested, and it was hoped that during 1949 it might be possible to recoup some of the loss sustained in 1948. This, unfortunately, did not eventuate, owing mainly to over production and the collapse of the fibre market in Great Britain.