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Page number:57 
Remarks (internal):According to Liberta (1962), the olive-greenish colour of the fruit body is due to the minute olivaceous granules on the basidia. Our specimen however, contains numerous small unicellular algae, which give the colour. The spores of Corticium lloydii drawn by Bourdot and Galzin (1928) are in fact small green algae (Liberta 1962, Oberwinkler 1966b), very similar to those seen by us. The Swedish collection that we studied (see below) is partly greyish, partly faint olive-greenish. The sections made from the greyish part showed mature basidia with typical granules, but no algae. The greenish part contained small cylindrical and globose algae.
P. lloydii is a very rare species. It has been report-ed from Sweden (Bourdot & Galzin 1928, Hjortstam et al. 1988) and Canada (Liberta 1962), and grows on decorticated, fairly hard pine wood.
Description type:Non-original description 
Description:Phlebiella lloydii (Liberta) Hjortst. & Larsson - Fig. 12.
New to Finland. Fruit body resupinate, effused, closely adnate, fairly thin, finely granulose, subceraceous, fairly hard when dry, olive greenish, margin not differentiated, thinning out.
Hyphal system monomitic, hyphae clamped, thin-walled, parallel next to the substrate, more randomly oriented in lower part of subiculum and subhymenium, indefinitely inflated, thin-walled, (1.5-)2.0(-3.0) µm wide, clamps very difficult to discern. Cystidia none. Basidia short-cylindrical, finely granulous with golden brown encrustations in CB and IKI, smooth in KOH, pleural, (11-)13-14 x (4.7-)5-5.5 µm, basally clamped, at first with two or three stout sterigmata, at maturity with four, which are apically very thin, up to 7 µm long. Spores short-allantoid, 5.0-6.3 x 2.0-2.9 µm, L = 5.7, W = 2.3, Q = 2.1-3.0, Q = 2.5 (Kotiranta 8097a), n = 30, smooth, thin-walled, CB-, amyloid, except the apiculus.

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