NATIONAL RECOVERY ADMINISTRATION
CODE OF FAIR COMPETITION
ROCK AND SLAG WTOOL
Iars sale the Suerlatendent of Doomments. Washlagton, D.C. Price 5 cea~s
Approved Code No. 321-Amendment No. 1
Registry No. 1830--07
AS APPROVED ON JULY 18, 1934
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Approved Code No. 321--Amendment No. 1
AMENDMENT TO CODE OF FAIR COMPETITION
ROCK ANJD SLAG WOOL MBANUILFACTURING
As Approved on July 18, 1934
AZPPROV'INGC AIENDMENT OF CODE OF FAIR COMPETITION FOR THE ROCK
AND SLAG YVOOL RIANUFACTURIN.G INDIESTRY
An application having been duly made pursuant to and in full
compliance w~ith the provisions of Title I of the National Industrial
Recovery Act, approvedl June 16, 1933, for approval of an amlend-
ment to a Codle of Fair Competition for the Rock and Slag Wlool
Manufacturing Industry, and hearings having been duly held
thereon and~ the annexe~d report. on said amepndmentt conntaiining find-
ings with respect thiereto, having been made and directed to thle
NOWT, THEREFORE, on behalf of the President. of the United
States, I, Hugh S. Johnson, Adminis~trator for Industrial Recovery,
pursuant to authority vested in me by Executive Orders of the Pres-
ident, including Executive Order No. 6543-A, dated Decemiber 30,
1933, and otherw-ise; do hereby incorporate, by reference, said an-
nexed report and do find that said amendment and the Code as con-
stituted after being amended comply in all respects with the perti-
nent provisions and will promote the policy and purposes of said
Title of said Act, and do hereby order that said amendment 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
HUGH S. JoRNSoN,
Administrator for Industrimal Recovery.
Approval recommended :
BJARTON W. MURRAY,
July 18, 1934.
Tii037"---82>-96---34 1 1
REPORT TO THE PRESIDENT
The White Hou~se.
SmR: This is a, report on an amendment of Section 2 (c) of Article
;VI of the approved Code of Fair Comupetition for t~he Rock and
Slag Wool Manufac~turing Industry. This Code wTas approved
by7 me on March 6, 1934.
Pursuant to Executive Ordler No. 6678, dated April 14, 1934, the
Code Aluthnority for the Rock and Slag Wool MaInlufacturing In-
dustry, in necordance with Section 2 (f) of Article V'I of said Code,
having found it necessary in order to support thle administration of
this Code and t~o maintain st.andards of fair competition, established
by this Code, and to effectulate the policies .of the Act, has made
applications for an. amendment of said Code in order to provide for
a method of assessment andl a budget to support the expense of
the administration of this Code.
The D~eputy Admzinist~rator in his final report to me on said
aLmend~ment to said Code having found as herein set forth and on
the basis of all the 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
Na~tiolbllnalus I ndtil Recovery Act including t.he removal of obstruc-
tions to t~he. free flow of interstate and foreign commerce which tend
to diminish t~he 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 mamn-
taining united action of labor and management under adequate gov-
ernmental sanction nd suipervision, by eliminating unfair com-
petitive practices, byr prom-otmng t~he fullest possible utilization of
the present productive capacity of industries, by avoiding undue
r~estrletion of production (except. as Imay be temporarily required), by
mecreasirw thbe consumption of industrial and a ricultural products.
through Increasing purchasing power, by reducing and relieving
u~nemploymnent, by imlproving standcardls 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 limitat-
tionn Subsection (a) of Section 3, Subsection (a.) of Section 7 and
Subsection (b) of Section 10 thereof.
(c) The Code empowers the Code Authorit~y to present the afore-
said amendment on behalf of the Industry as a whole.
(d) The amendment and the Code as amenldedl are not designed
to and will not permit monopolies or monopolistic practices.
(e) The amendment andi the Code as amended are not designed
to and will not eliminate or oppress small enterprises and will not
operate to discriminate against thiem.
(f) Those engaged in other steps of t~he 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 amendment.
HUGH S. JOHNSON,
Admtlin itstat or.
JULY 18, 1934.
AM~nENDM1ENT TO CODE OF" FAIR COMIPETITIONT FOR THE
IROCK AND SLtAG W~OOL lIlANUFACTURING INDUSTRY'
Amenmd Arrticle V7I by~ strikringr oult Section 2; (c)~ and inse;rtingc in
lieu thereof the following:
It being found necessary in order to support thle administration
of this coode and to maintain the standalrdls of fair competition estnab-
lished hereunder and to effe~ctuate the policy of th~e AIct, the Codle
Authority is authorized:
(1) To incur such reasonable obligations as arIe necessary and
proper for the foregoinga pur~poses andl to meet suclLh o~bligatlions out
of funds which may be praised as her~einafter pr~ovidedr andi which shall1
be held in trust for the purposes of th~e CodeL.
(2) To submit to the Adminiistr~ator for his approval, subject to
such notice and opportunity to be hearld as hie mlay deemn necessary (1)
a~n itemlized1 budget, of its est~imalted expeICnses fo.r the~ fo~Preoing pur-
po-ses, and (2) an equitable basisj upon whlich the funds necessary
to support such birdget shall be coc.ntr~ibutedl by members of the
(3) A~fter such budget and bansis of contribution lurve been ap-
proved by the Admli nistra:tor,, to dletermi ine and obtain equitable
contribution a~s above set forth by all mlember~s of the industry; and
to that end, if necessary, to institute legal proceedings th~erefor in its
Eachi mlembller of the industry shall pay his or its equitable contri-
bution to the expenses of the maninterunce of the Code Authority,
de~termined as her~einabove providedl, and subject to rules and regula-
t i ons p~e Italin ing thereto i ssuled by t he Admrni nistra~ntor. Only memrlbers
of the industry complying with the Codle and contributing to the
expenses of its admninistrantion as hereinabove provided, shall be en-
titled to pariticipate in the selection of members of the Codle Au-
thnor~ity or to receive thre benefits of any of its volulntary activities or
to make use of any emblemn or insignia of the National Recoveryl
The Code Authority- shall neither incur nor pay any obligation
in excess of the amount thereof as estimated in its approved budget,
except upon approval of the Admninistrator first obtained ; and no
subsequent budget shall contain any deficiency item for expenditures
in excess of prior budget estimates except those which the Adminis-
trator shall have so approved.
App'o-trove C'olle No. 321--Amendmelcnt No. 1.
Registry~ No. 163(1--07.
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