NATIONAL RECOVERY ADMINISTRATION
CODE OF FAIR COMPETITION
AS APPROVED ON MAY 26, 1934
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Approved Code No. 149-Amendment -No. 1
Registry No. 299-1-16
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Approved Code No. 149-Amendment No. 1
AMENDMENT TO CODE OF FAIR COMPETITION
MACHINED WASTE MANUFACTURING INDUSTRY
As Approved on May 26, 1934
MODIFICmAION OF CODE OF FAIR COMPETITION FOR THE MACHINED
WASTE MANUFACTURING INDUSTRY
An application having been duly made pursuant to and in full
compliance with the provisions of Title I of the National Industrial
Recovery Act, approved June 16, 1033, for approval of a modifica-
tion of a Code of Fair Competition for the Machined Waste Manu-
facturing Industry, and an opportunity to file objections thereon
having been given and the annexed report on said modification, con-
taining findings with respect thereto; having been made and directed
to the President:
NOW, THEREFORE, on behalf of the President of the United
States, I, Hugh S. Johnson, Administrator for Industrial Recovery,
pursuant to authority vested in me by Executive Orders of the Pres-
ident, including Executive Order No. 6543-A, dated December 30,
1933, and otherwise; do hereby ineorporate,'by reference, said an-
nexed report and do find that said modification and the Code as
constituted aftpr being modified comply .in all respects with the
pertinent provisions and will promote the policy and purposes of
said Title of said Act, and do hereby order that said modification be
and it is hereby approved, and that the previous approval of said
Code is hereby modified to include an approval of said Code in its
entirety as modified.
HUGH S. JOHNSON,
Administrator for Industrial Recovery.
H. O. KING,
May 26, 1934.
REPORT TO THE PRESIDENT
The White House.
SIm: I have the honor to submit herewith an amendment to the
Code of Fair Competition for the Machined Waste Manufacturing
Industry. The amendment, which is attached, was presented by the
Notice of opportunity to file objections to this amendment was
given and no objections were received.
The amendment provides that Sub-section (c), of Section 2 of
Article VI of the Code shall be omitted and the provision contained
in the Executive Order dated April 14, 1934 making the payment
of the costs of administering a Code of Fair Competition mandatory
upon all members of the Industry, is included.
The Deputy Administrator in his final report to me on said amend-
ment to said Code having found as herein set forth and on the basis
of all proceedings in this matter:
I find that:
(a) The amendment to said Code and the Code as amended are
well designed to promote the policies and purposes of Title I of
the National Industrial Recovery Act including the removal of
obstructions 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 among trade groups, by inducing
and maintaining united action of labor and management under ade-
quate governmental sanction and supervision, by eliminating unfair
competitive practices, by promoting the fullest possible utilization
of the present productive capacity of industries, by avoiding undue
restriction of production (except as may be temporarily required),
by increasing the consumption of industrial and agricultural prod-
ucts through increasing purchasing power, by reducing and re-
lieving unemployment, by improving standards of labor, and by
otherwise rehabilitating industry.
(b) The Code as amended complies in all respects with the per-
tinent provisions of said Title of said Act, including without limita-
tion Subsection (a) of Section 3, Subsection (a) of Section 7 and
Subsection (b) of Section 10 thereof.
(c) The Code Authority is empowered to present the aforesaid
amendment on behalf of the Industry as a whole.
(d) The amendment and the Code as amended are not designed to
and will not permit monopolies or monopolistic practices.
(e) The amendment and the Code as amended are not designed to
and will not eliminate or oppress small enterprises and will not oper-
ate to discriminate against them.
(f) Tlnose 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 above reasons this amendment has been approved by me.
HUGH S2. JON1ON,
MAY 26, 1934. Administrator.
AMENDMENT TO CODE OF FAIR COMPETITION FOR THE
MACHINED WASTE MANUFACTURING INDUSTRY
Sub-section (c), Section 2, Article VI of the Code of Fair Com-
petition for the Machined Waste Manufacturing Industry shall be
amended to read as follows:
(c) (1) It being found necessary to support the Administration
of this Code in order to effectuate the policy of the Act and to main-
tnin the standards of fair competition established hereunder, the
Code Authority is authorized, subject to the approval of the
(a) To incur such reasonable obligations as are necessary and
proper for the foregoing purposes and to meet such obligations out
of funds which shall be held in trust for the purposes of the Code
and raised as hereinafter provided.
(b) To submit to the Administrator for his approval, subject to
such notice and opportunity to be heard as he may deem necessary:
(1) An itemized budget of its estimated expenses for the fore-
going purposes, and
(2) An equitable basis upon which the funds necessary to support
such budget shall be contributed by all members of the Industry
receiving the benefits accruing from the maintenance of such stand-
ards, and the administration thereof.
(c) After such budget and basis of contribution have been ap-
proved by the Administrator to determine and secure equitable con-
tributions as above set forth by all such members of the Industry,
and to that end, if necessary, to institute legal proceedings therefore
in its own name.
(2) Only members of the Industry complying with the Code and
contributing to the expenses of its administration as provided in
paragraph (1) hereof shall be entitled to participate in the selection
of the members of the Code Authority or to receive the benefit of its
voluntary activities or to make use of any emblem or insignia of
the National Recovery Administration. Failure to contribute to the
expenses of the administration of this Code as provided herein shall
constitute a violation of the Code.
Approved Code No. 149--Amendment No. 1.
Registry No. 299-1-10.
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