UNIV. OF FL iUP
For nsal by the Sperlatendent of Docum~ents, Washington, D.C. Prices coatr
Approved Code No. 436--Amendment No. 1
Registry No. 912--03
NATIONAL RECOVERY ADMINISTRATION
CODE OF FAIR COMPETITION
AS APPROVED ON JULY 30, 1934
COVERNM1ENT PRINTING OFFICE
This publication is for sale by the Superintendent of Docunments, Government
Printing Office, WFCash3ington, D.C., and by district offices of the Bureau of Foreign
and Domestic Commerce.
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Approved Code Nlio. 436--Amedment No. 1
AEMEND`MIENT TO CODE OF FAhlIR COMIPIETITI[ON
FU~R MANU;P~IFACTURNG I~NDUSTRYICI
As Approved on1 July 30, 1934
Apre\nouv AMZENIDMENT TO CODE OjF ]FAIR COMPETITION FOR TH FUlR
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 an Amend-
mlent to the Code! of ~Fair Competition for the Fur Mianufacturing
Industry, and hearings having been. held thereon and the annexedl
report on said Amendmnent, containing fninings with respect thereto,
having been made and directed to thre President:
NCcOW,7 TH-EREFORtE, onl behalf of th Presiden of th~e U~nited
States, I, Hugh S. Johnson, Administrator for Industrial Recovery,
purrsuant to authority vested inl met byEeuveO eroftePei
dent, including Executive Order No. 6543-A, dtedso Dheember 30
1933, and otherwise; do hereby :incorp~orate, by reference, said an-
nexed report and do find that said Amndment and the Code as con-
stituted after being amended comply! in. all resspects with the per-
t innt rovisions and will promote th~e policy anld purposes of said
Tinetle of~ saidl 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 anl approval of said Code in, its enrtirey
HUGnH S. JOHNSON,
Administrator for Industrial RZecovr
SoL A. ]ROSENBLATT1
Ady 30, 1934$
REPORT TO THIE PRESIDENT
T'he White H~ouse.
SmR: The Executive Order approving the Code of Fair Compe
tition for the Fur Manufacturing Industry stayed the application
of the provisions of Sect~ion 13 of Article VIII of the said Code
pending further study of the issues involved and recommendations
of the Code Authority. Subsequent to the approval of said Code,
the Code Authority has conducted investigations on the subject and
has submitted to me for approval a proposed amendment of said
Section 1_3 of Article VIII. Notice of Opportunity to be Heard
was duly issued and all objections filed were given due consideration.
The Deputy Administrator in his final report to me on said amend-
mlent to said Code having found as herein set forth and on the basis
of all the proceedings in this m~atter.
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 obstruc-
tions 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 maintain-
ing united action of labor and management under adequate govern-
mental sanction and supervision, by eliminating unfair competitive
practices, by promoting the fullest possible utilization of the present
productive capacity of th~e industries, bly av~oiding undue restriction
of production, (except as may be temporarily required), by increas-
ing the consumption of industrial and agricultural products through
increasing purchasing power, by reducing and rehevingI unemploy-
ment, by improving standards of labor, and by otherwise rehabili-
(b) The Co~de as amended complies in all respects with the perti-
nent provisions of said Title of said Act, including without limitation
subsection (a) of Section 3, subsection (a) of Section 7, and sub-
section (b) of Section 10 thereof.
(c) T~he Code empowers the Code Authority to present the afore-
said amendment on behalf of the Industry as a whole.
(d) The amendment and the Code as amended are not designed
to and w~ill not permit monopolies or monopolistic practices.
(e) T'he amendment and the Code as amended are niot designed to
and will not eliminate or oppress small enterprises and will not
operate to discriminate against them.
(f) TPhose engaged in. other steps of the economic process have not
been deprived of tbhe right to be heard prior to the approval of said
For these reasons, therefore, I have approved the amnendments.
HUGII S. JOHNSON,
JULY 30, 1934.
AaEPlMENDMEN TO CODE OF FA`BIR COMPETITION F`OR
THE IFU~Rl- MANUFACT URINGTC INI;DUSTIRY
TIhe Code of fair Clom petition for the Fur Matnufacturing ~Indus-~&] L
try shall be amended by omitting Section 13 of Article II n
substituting therefore the following:
The ma x imum terms of sale for fur coats and fur scarfs at whole-
sale shall be as follows: Eight (8) per cent ten (10) days, sixty (60)
days extra; or net four (4) mlonth~s from date of shipment. No
credit terms shall be granted for a period of longer than four (4)u
motsfomtedt of shipment.. Alslsmd hl epu
the manufacturer's Federal Exscise Tax on the sale price of each
article sold. The manufacturer's Federal Exrcise 1T~ax on the sale
price of each article sold may be billed separately and shall be
pay abl e not later than the t wenty:-fifth day following the date of
shipment.. All credit for a period in excess of ten (10) days ]E.O.MI.
(end of month) or ten (10) days, sixty (60O) extra, as earlier pro-
vFided, shall be covered by the purchaser giving his trade acceptance
for the purchase price thereof. Merchandise shipped after the
tweny-nmh dy ofanymonth may be dated ats of the first day of
the t-ifoloin mayonth Anticipation shall not be alllowfed at a rate
in excess of six per cent per annum.
Approved Gode No. 436-Amend~ment No. 1.
Itegist ry No. 91-0.
Approved Code No. 430-Amendment No. 1 Registry No. 912-43
CODE O1F` FAIR COMIPETITIIONS
]FUR MFG. INDUSTRYY
As ~Approved on July 30, 1934
Page three, fifth linoe should read as follows: "' Eight (8%0) percent
ten (10) days E.O.1M. (end of month) ; or six (6%)' perenl~t ten (10)
days, sixty (60) days extra; or net four (4) months from date of
W. i. 889tWWWES(T PRIATll OFFQICR $*e
UNIVERSITY OF FLORIDA
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