Sr sale ly the Superintendent of Documents, WashingtonD. C. Price 5 c~en
Registry No. 1030--12
NATIONAL RECOVERY ADMINISTRATION
CODE OF FAIUR COMPETITION
AS APPROVED ON OCTOBER 10, 1934
WE DO OUR PART
GOVERNMENT PRINTING OFFICE
UNIVERSITY OF FLORIDA
3 1262 08482 9109
.. ._ ......... .... mnndment No. I
This publication is for sale by the Superintendent of Documents, Covernment
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Foreign and Domestic Commerce.
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Approved Code No. 366-Almendment No. 1
AMENDMENT TO CODE OF FAIR COMPETITION
R~ETAI; MWIONUMaENT IND)UST\RY
Asr Approved on Oectber 10, 19341
APrr~Novr AMENDMCENT OF THE CODE OF IFA~IR COMPETITION FOR THIS
RwrAI MONUMENT INDUSTRY
An application having been duly made pursuant to and1 in full
compliance wvith the provisions of Tiitle I of the National Industrial
Recovery Act, approved June 16, 1933, for approval of an amnend-
ment to a Code of- Fair Competition for the Retail M~onument In-
dustry, and an opportunity to be heard having been duly afforded
all interested parties, and the annexed report on said amendment,
containing findings with respect thereto, having been made and
directed to the President;
NOWV, THEREFORE, on behalf of the Pr~esident of the United
States, the National Inclustrial Recovery Board, pursuant to au-
thority vested in it by Executive Orders of the President, including
Executive Order No. 68i59, dated September 27, 1934, and otherwise;
does hereby incorporate, by reference said annexed report and does
find that said amendment and the dode 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 amlend-ment be and it is 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, such
approval and such amendment to take effectt ten (10) days from
the date hereof, unless good cause to t~he contrary Is shown to the
National Industrial Recovery Board before that time and a subse-
quent order to that effect is issued.
NArloNAL INDUSTRIAL RECOVERY BOARD,
By G. A. LYNca, Administtrative Offiker.
Approval recommended :
ROBERT L. E OUSTON
Divlisio2 Ad minist~rator.
Wasum~cooN, D. C
October irO, 1934.
9062G*-1244-34---34 1 1
REPORT TO THIE PRESIDENT
(The WhTJite HoICUse.
SmR: T~his is a report on an amendment to the Code of Fair Com-
petition for the lRetail Monument Industry. Said amendment is to
be substituted for Section 7 of Article VI, and empowsers the Code
Authnorit~y to make collection of expenses of code administration for
thne members of the Industry3.
Notice of Opportunity to be ~Heard has been issued to all int~er-
estedl parties; and Ino objections have been filed against the proposed
The Deputy A-dministrator in his final report to the National In-
dustrial Recoviery Board on said amendment to said Code having
found as herein set forth and on the basis of all the proceedings in
It finds that:
(a) The amendment to said code and t~he Code as amlendled are
well. designed to promote the policies and purposes of Title I of the
National Industrial Recovery Act includlinga the removal of obstruc-
tions to the free flow of interstate and forelign commerce which tend
to diminish the mno~unt thereof, and will provide for thle general
wel fare by promoting the organization of industry for the purpose of
cooperative action of labor and management under adequate govern-
mental sanction and supervision, by eliminating unfair competitive
pra~tices, by promotng~~c the fullest possible, utilization of the, present
productive capacity of industries, by~ avoiding undue restriction of
production (except as mray be temporarily required), by increassmg
thie consuimption of inidustrial and agricultural products through in-
creasing purchasing power, by reducing and relieving: unemployment,
by improving standards of labor, and by otherwise rehabilitating
in dust rly
(b) The Code as amended complies in all respects ~with t~he perti-
nent provision of said T1Citle of said Act, including without limita-
tion sub-section (a) of Section 3, sub-section (a) of Section 7i and
sub-section (b) of Section 10 thereof.
(c) The Code empowers the Code Authority to present the afore-
said amendment on behalf of the Industryr 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
operate to discriminate against them.
(f) Those engaged in other steps of the economic process have
not been deprived of the right to be heard prior to approval of
For these reasons it has approved this amendment.
NATIONAL INDUSTRIAL RECO\.ERY' ABOARD,
1By G. A. L]Son, Admnailjtrativ~e Of)?cer.
OCTOBIER 10, 1934.
AMENDMENT TO CODE OF F~iAIR COMPETITION FOR
THE RETAIL M(ONJUM~ENT INDUSTRY
Amend Article VI, Section 7, by deleting andl sulbstitutinga in lieu
thereof the following:
SECnON ?. ~Expenses.--(a) It being: found necessary in order to
support the administration of this Code anid to maintain the standl-
ards of fair competition established hlereunder and to effectunte the
policy of the Act, thle Code ALIuthority is authorizedc:
(1) To incur such reasonable obligations as are nlecessaryy and
proper for ~the foregomng purposes, and to meet such~ obligations out
of funds which may be raised as hereinafter pro~videtd and whiichl
shall be held in trust for the purposes of the Cod~e;
(2) To submit to the National Industrial Recovery Board for its
approval, subject to such notice and opportunity to be hear~d as it
may deeml necessary (1) an itemized budget of its e~stimnatedl expenses
for thre foregoing purposes, and (2) an equitable basis upon which
the funds necessary to support such budget shall be conltr~ibutedl by
members of the I~ndustry;
(3) After such budget and basis of contr~ibu~tio n have beenl ap>-
proved by the National I~ndustr~ial RecoveryS B~oard, to determine and
obtain equitable contribution as above set forth by all memnber~s of
the Induslt~ry, andn tos t~hat end,_ if necessary, to instituted. legal pro-
ceedings therefore in its own name.
(b) Each member of the 'Indust~ry shall pay his or its equitable
contribution to the expenses of the maintenance of t~he Clode Author-
ityv, determined as hereinabove provided, and subject to Irules and
regulations pertaining thereto issuedl by h ainlIdsra e
covey Bard.Onl mebersof he industry complying w~ith the
Code and contributing to the expenses of it-s administration as here-
inabove provided, unless duly exempted fromt making such c-on-
tribution, shall be entitled to participate in the selection of mecm-
bers of the Code Authority~ or to receive the benefits of any of its
voluntary activities or to make use of anyr emblem or inig~ijnia of the
National Recovery Administration.
(c) The Code Authority shall neither incur nor pay any obliga-
tion substantially in excess of the amount thereof as estimated in its
approved budget, and shall in no event exceed the total amount con-
tamned in the approved budget, except upon approval of the Na-
tional Industrial Recovery Board; and no subsequent budget shall
contain any deficiency item for expenditures in excess of prior bud-
get estimates except those which the National Industrial Recovery
Board shall have so approved.
Amend Article VI, Section 9 by deleting subsections (f) and (g)
and designating subsections (h), (i) and (j) as (f), (g) and (h)
Approved Code No. 366----menmenet No. 1.
Registry No. 1030-12.
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