Printing memos with QuickReport 3.01

I have a simple report that used to work fine with QR2, but doesn't appear
to work with QR3.
It consists of a single DetailBand with a single QRMemo inside; the
DetailBand has all the four frames set to True; when I print or preview the
report, the DetailBand doesn't stretch to accomodate the memo text which
gets printed partially out of it. What am I doing wrong?

TIA