Apprive Cod No 41-Amedmet N. I egitryNo. 3331-0
NATIONAL RECOVERY ADMINISTRATION
CODE OF FAIR COMPETITION
BOBBIN AND SPOOL
AS APPROVED ON AUGUST 2, 1934
WE DO OUR PART
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Registry No. 1333-1-06
Approved Code No. 414-Amendment No. I
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Approved Code No. 414-Amendment No. 1
AMENDMENT TO CODE OF FAIR COMPETITION
BOBBIN AND SPOOL INDUSTRY
As Approved on August 2,1934
MODIFICATION OF CODE OF FAIR COMPETITION FOR THE BOBBIN AND
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, 1933, for approval of a modifica-
tion of the Code of Fair Competition for the Bobbin and Spool
Industry, and as contained in a Published Notice of Opportunity to
File Objections, Administrative Order No. 414-4 dated July 7, 1934,
and no objections having been filed as provided in said Published
Notice, and the annexed report on said modification, containing
findings with respect thereto, having been made and directed to the
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 Presi-
dent, including Executive Order 6543-A, dated December 30, 1933,
and otherwise, do hereby incorporate, by reference, said annexed
report and do find that said modification and the Code as consti-
tuted after 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, such approval and such modification to take effect ten
(10) days from the date hereof unless good cause to the contrary is
shown to the Administrator before that time and the Administrator
issues a subsequent order to that effect.
HUGH S. JOHNSON,
Administrator for Indu'strial Recovery.
BARTON W. MURRAY,
Division A administrator.
August 2, 1934.
REPORT TO THE PRESIDENT
The 'White flouse.
Sin: An application has been duly made pursuant to and in full
compliance with the provisions of the National Industrial Recovery
Act for modification of the Code of Fair Competition for the Bobbin
and Spool Industry, submitted by the Code Authority for the said
The existing provision of Article VI, Section 9, of the Code for
said Industry is entirely inadequate in view of Executive Order No.
G6TS, dated April 14, 1934, and Administrative Order X-36, dated
May 26, 1934, and it is therefore evident that the proposed modifica-
tion of Article VI, Section 9, of said Code, the provisions of which
are in accordance with the text of the above mentioned Orders, will
enable the Industry to secure the desired result..
The Deputy Administrator in his final report to me on said modi-
fication of said Code having found as herein set forth and on the
basis of all the proceedings in this matter.
I find that:
(a) The modification of said Code and the Code as modified are
well designed to promote the policies and purposes of Title I of the
National Industrial Recovery Act, including the removal of obstruc-
tions to the free flow of interstate and foreign commerce which tend
to diminish the amount thereof, and will provide for the general wel-
fare 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 adequate governmental
sanction and supervision, by eliminating unfair competitive practices,
by promoting the fullest possible utilization of the present productive
capacity of the industries, by avoiding undue restrictions of produc-
tion (except as may be temporarily required), by increasing the con-
sumption of industrial and agricultural products through increasing
purchasing power, by reducing and relieving unemployment, by im-
proving standards of labor, and by otherwise rehabilitating industry.
(b) The Code as modified complies in all respects with the perti-
nent 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 modification and the Code as modified are not designed
to and will not permit monopolies or monopolistic practices.
(d) The modification and the Code as modified 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 these reasons, therefore, I have approved this modification.
Rp l HUGH S. JOHNSON,
AUGcUST 2, 1934.
MODIFICATION TO CODE OF FAIR COMPETITION FOR
THE BOBBIN AND SPOOL INDUSTRY
Pursuant to Article VI, Section 11 (e) of the Code of Fair
Competition for the Bobbin and Spool Industry duly approved by
the President on May 3, 1934, and further to efrectuate the policies
of Title I of the National Industrial Recovery Act, the following
modification is established as a part of said Code of Fair Competi-
tion and shall be binding upon every member of the Bobbin and
Delete entire Section 9 of Article VI, and insert in lieu thereof
the following new Section 9.
"SECTION 9. (a). It being found necessary in order to support
the administration of this Code and to maintain the standards of
fair competition established hereunder and to effectuate the policy
of the Act, the Code Authority is authorized:
(1) To incur such reasonable obligations as are necessary and
proper for the foregoing purposes, and to meet such obligations
out of funds which may be raised as hereinafter provided and which
shall be held in trust for the purposes of the Code;
"(2) To submit to the Administrator for his approval, subject to
such notice and opportunity to be heard as he may deem necessary
(a) an itemized budget of its estimated expenses for the foregoing
purposes, and (b) an equitable basis upon which the funds necessary
to support such budget shall be contributed by members of the
"(3) After such budget and basis of contribution have been ap-
proved by the Administrator, to determine and obtain equitable
contributions as above set forth by all members of the Industry, and
to that end, if necessary, to institute legal proceedings therefore in
its own name.
"(b) Each member of the Industry shall pay his or its equitable
contribution to the expenses of the maintenance of the Code Author-
ity, determined as hereinabove provided, and subject to rules and
regulations pertaining thereto issued by the Administrator. Only
members of the Industry complying with the Code and contributing
to the expenses of its administration, as hereinabove provided, unless
duly exempted from making such contributions, shall be entitled to
participate in the selection of members of the Code Authority or
to receive the benefits of any of its voluntary activities or to make
use of any emblem or insignia of the National Recovery Adminis-
"(c) The Code Authority shall neither incur nor pay any obliga-
tions substantially in excess of the amount thereof as estimated in
its approved budget, and shall in no event exceed the total amount
contained in the budget, except l)upon approval of the Administrator;
and no subsequent budget shall contain any deficiency item for ex-
penditures in excess of prior budget estimates except those which
the Administrator shall have so approved."
Approved Code No. 414-Amendment No. 1.
Registry No. 1333-1-00.
UNIVERSITY OF FLORIDA
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