NATIONAL RECOVERY ADMINISTRATION
CODE OF FAIR COMPETITION
AS APPROVED ON APRIL 13, 1935
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Approved Code No. 214-Amendment No. 3
Registry No. 299-04
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Approved Code No. 214-Amendment No. 3
AMENDMENT TO CODE OF FAIR COMPETITION
SLIT FABRIC MANUFACTURING INDUSTRY
As Approved on April 13, 1935
ArPPROVIG A MENDM ENT OF CODE OF FAIR COMPETITION FOR THE SLIT
FABRIC MANUFACTURING INDUSTRY
An application having been duly made puruant to and in full
compliance with the provisions of Title I of the National Industrial
Recovery Act approved June 16, 1933, for approval of amendments
to a Code of Fair Competition for the Slit Fabric Manufacturing
Industry and the annexed report on said amienldmnents containing
finindings with respect thereto having been made and directed to the
NOW, THEREFORE, on behalf of the President of the United
States, the National Industrial Recovery Board, pursuant to author-
ity vested in it by Executive Orders of the President, including Ex-
ecutive Order No. 6859, dated September 27, 1934, and otherwise;
does hereby incorporate, by reference, said annexed report and does
find that said amendments and the code as constituted after being
amended comply in all respects with the pertinent provisions and
will promote the policy and purposes of said title of said Act, and
does hereby order that said amendments be and they are hereby
approved, and that the previous approval of said code is hereby
amended to include an approval of said code in its entirety as
amended, siucl approval and such amendments to take effect twenty
(20) days from the date hereof, unless good cause to the contrary
is shown to the National Industrial Recovery Board before that time
and the National Industrial Recovery Board issues a subsequent
order to that effect.
NATIONAL INDUSTRIAL RECOVERY BOARD,
By W. A. HARRIMAN, AdlministratiVe Officer.
M. D. VINCENT,
Actng Division A dmin hisraltor.
WASHINmGON, D. C.,
April 13, 1935.
REPORT TO THE PRESIDENT
The White House.
SIR: The Code Authority for the Slit Fabric Manufacturing In-
dustry has proposed amendments to the Code of Fair Competition
for the Slit Fabric Manufacturing Industry.
The amendments to the Code contain provisions for: The main-
taining of accurate and complete records of transactions in the Indus-
try in order that these records may be used in facilitating com-
pliance; and the standardization of the cash discounts allowed in
The Deputy Administrator in his final report to the National
Industrial Recovery Board on said amendments to said Code having
found as herein set forth and on the basis of all the proceedings
in this matter:
The National Industrial Recvery Board finds that:
(a) The amendments to said Code and the Code as amended are
well designed to promote the policies and purposes of Title I of the
National Indultrial Recovery Act including the removal of ob-
structions to the free flow of interstate and foreign commerce which
tend to diminish the amount thereof, and will provide for the general
welfare by promoting the organization of industry for the purpose
of cooperative action of labor and inamiagitienlit under adequate
governmental sanction and supervision, by eliminating unfair com-
petitive practices, by promoting the fullest po-sible utilization of the
pr.-ent productive capacity of industries, by avoiding undue rpftric-
tion of production (except as may be temporarily required), by in-
cri*A'ling the consumption of industrial and agricultural products
through increasing purcllaing power, by reducing and relieving
unemployment, by improving standards of labor, and by otherwise
(b) The Code as amended complies in all respects with the perti-
nent provisions of said Title of said Act, including without limita-
tion -n.i-cction (a) of Section 3, subsection (a) of Section 7 and
.-1.pI1ction (b) of Section 10 thereof.
(c) The amendments and the code as amended are not designed
to and will not permit monopolies or monopolistic practices.
(d) The amendments and the Code as amended are not designed
to and will not eliminate or oppress small enterprises and will not
operate to discriminate against them.
(e) Those engaged in other steps of the economic process have
not been deprived of the right to be heard prior to approval of said
For the reasons contained herein said amendments are approved.
For the National Industrial Recovery Board:
W. A. HARRIMAN,
APRIL 13, 1935.
AMENDMENT TO CODE OF FAIR COMPETITION FOR THE
SLIT FABRIC MANUFACTURING INDUSTRY
Article VI of the Code of Fair Competition for the Slit Fabric
Ma;nufacturinig Industry is amended by the addition of Section 2 (i) :
AIRTICLE VI, SECTION 2 (i). Each member of the industry sllall
keep ac'uiir; te and complete records of its transactions in the indlu-try
whenever such recriin, may be required under any of the provisions
of this Code, and shall furnish accurate reports based upon such
records concerning any of such activities when required by the Code
Authority or the National Industrial Recovery Board. If the Code
Authority or the National Industrial Recovery Board shall determine
that substantial doubt exists as to the accuracy of any such report,
so much of the pertinint books, records and papers of such nmembler
as may be required for the verification of such report may be exam-
ined by an impartial agency, agreed upon between the Code Authority
and such member, or. in the absence of agreement, appointed by the
National Industrial Reco.very Board. In no case shall the facts dis-
closed by such examination be made available in identifiable form
to any competitor, whether on the Code Authority or otherwise, or
be given any other publication, except such as may be required for
the proper administration or enforcement of the provisions of this
Article VII of the Code of Fair Competition for the Slit Fabric
Manufacturing Industry is amended by the addition of Section 11:
ARTICLE VII, SECTION 11. No member of the Industry shall give
cash discounts in excess of 2-10 E. O. M. All merchandise shipped
from the first (1st) of the month to the twenty-fourth (24th) of the
month inclusive shall be due and payable on the tenth (10th) of the
following month. Bills for merchandise shipped on or after the
twenty-fifth (25th) of the month may de dated as of the first (1st)
of the following month. There shall be no additional dating.
Approved Code No. 214-Amendment No. 3.
Registry No. 299-04.
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