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Approved Code No. 381--Amendment No. I
Registry No. 917--10
NATIONAL RECOVERY ADMINISTRATION
CODE OF FAIR COMPETITION
FUR DEALING TRADE
AS APPROVED ON JULY 20, 1934
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Approved Code No. 381--Amendment No. 1
AMENDMENT TO CODE OF FAI COMPETITION
FUR ]DEALING TRADE
As Approved on Jul 20, 1934
APPROVING IATODIFICATION OF THE CODE OF FAIR COMPETTIN FOR THE
FUR DEALING TRADE
An application having been duly made pursuant to and in full
compliance with t~he provisions of Tit~le I of the National Industrial
Recovery Act, approved J~une ]16, 19133, for approval of modificationrs
to the Code of Fair Comlpetition for the Fur Dealing Tradle, and
notice of opportunity to be heard having been afforded to all mnem-
bers of said Trade and the annexedl report on said modification,
containing findings with respect thereto, havringr been made and
directed to the President:
NOW, TH`EREFEORE, on behalf of the President of the United
States, I, Hugh S. Johnson, Administrator for Indust~rial Recovery,
pursuant to authority rested in me by Executive Orders of the
President, including Executive Order No. 6543-A, dated Deecmber
30, 1933; and otherwise; do hereby. incorporate, by reference, said
annlexed report and do find that said modtification and the Code as
constituted 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 modlification
be and they are hereby approved, and that th previous approval
of said Code is hereby modified to include an approval of said Code
in its entirety as modified.
ITUGH S. JoHNsox,
A dminzistrator for In dus trial Rco~ver~y.
GrEO. L. BERRY,
Div'.ision Adm17i n~istrator.
July 90, 1931t.
REPORT TO THE PRESIDENT
The W~lhite Houlse.
SmR: Thnis is a report on7 the modification to the Code of Fair
Competition for the Fur Dealing Trade, which has been submiitted
in accordanice with Executive Order No. g6678.
This modification elnablesj the Code Authority to incur such rea-
sonable obligations as are necessary to support t'he administration of
t~he code and to manintain the standards of fair competition estab-
1lish~ed by this code. It also enables the Code Authority to submit
an itemized budget, and an equitable basis up~on which t~he funds
necessaryv to support such budget shall be contributed by the mnem-
bers of the trade. Such contributions are mnade manndatory by this
The Deputy Administrator in his final report to mle on said mnodifi-
cation 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 modliicfition of said code and thie code as modified are
well designed to promote the policies and purposes of Title I of the
~National Industr~ial Recovery Act including the removal of obstrue-
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 promloting t.he organization of tra~de for the purpose of
cooperative actio-n o~f labor and managiaement under adequate govern-
mental sanction and supervision, by elimiinating unfair competitive
.practices, by prom~oting the fullest possible utilization of the present
productive capacity~ of ind~ustries, by avoidingf undue restriction of
p~roductionl (except as may be temporarily required), by increasing
the consumption of indlustrial and algriculturial products" through
mecreassmg purchasing power, by reducing and relieving unemploy-
ment, by improving standards of labor, and by otherwise rehabilitat-
(b) The code as mnodlifid complies in all respects with the perti-
nent provisions of said Title of said A~ct, including without limita-
tionl sub-section (a) of Section 3. sub-section (a) of Section 7 and
sub-sect olo (b) of Sect lon 10 thereof .
(c) The modifient ion alnd the code~ as modifiedl are not designed to
and will not p~ermitt monop~olies or monopolistic p~ractices.
(d) The modifcention and ther codte as modlified ar~e not designed
to and will not eliniinate or o~ppress small enterprises and will not
operate to discrimlinlate against themii.
(e) Those engagedc in other steps of the economic process hav~e
not been deprived~ of the r~ight to be heardl prior to approval of said
For these reasons this modification has been approved.
HUGH S. JOHNSON,
JULYr 20, 1934. Administrator.
MODIFICATION TO CODE OF F~AIR COIPE~TITION FOR
THE FUR DEL~;TIN G TRADXE
The following shall be subsjtitutedl for Sectionl 9, Article VI, of
the Code of Fair Comipetition for th~e Fur Dealinrm Tratde.
1. It being found necessary~ to sjlluppot ther Admiinistration of this
Code, in order to effectuate thle policy o~f th~e Act andr to maintain
the standards of fair comlpettitonl establishedl here~under, the Code
Authority is authorized:
(a) To incur such reasonable orbligationls as are necessary andl
proper for the foregaoing pmrpo.ses anld to meet suich obligantions out
of funds w~hich~ shalll be held inl trust for the. purposes of t.he Codte
and raised as hlereinafter p~rovidled:
(b) To submiit to th~e Admlinli.strat~or for his approval, subject to
such notice and oppor~tuniity to be h~eard as hie mayI\ dleeml necesary--
(1) An itemnizedd budget of its est~imatedi expenses for the
foregoing purposes, and
(2) An equitable basis upon whiich th~e funds neccessaryV to
suiPport such budget shall be contributed by all members of the
Trade entitled to the benefits aceruingi fromt the maintenance of
such standards, and the admninistr~at~ion thereof ;
(c) After such budclget and basis of assessment have been approved
by the Administrator, to determine and collect equitable assessments
as above set forth, and to that end, if nece~ssry, tor ins~titulter leg~l
proceedings therefore in its owTn namne.
(d) Each member of the trade ~hall pay hiis or its equitable con-
tribution to the exspense of the maintenance~ of the Codce Authority
determinned as hereinabove provided, and subject to rules aind regu-
lat.ions pertaining ther~eto issued by the Adclllnums~rtorat
2. Only members of the trade compllying w~ith the code andr con-
tributing to the expense of this adlministration as her~einaboveo
provided (unless duly exempted from making such contributionn)
shall be entitled to participate in thle selection of the members of
the Codle Auithority Boa3rd, or to receive the b~enefits of its activities
or to make~ use oif anyr regaistry nlumbe~t r or emblem or N.R.A~. inisiglni
issued pursuant, to the provisions of this codle. Such registry number,
emblem or N.R.A. insignia mnay be withheld~, removed or revoked
only in accordance wvith the rules and regulations promulgated from
timne to time byr the Administrator.
3. Thle Code Authority shall neither incur nor pay any obligation
in excess of the amount thereof as esitimiated~ in its approved budget.,
except upon approval of the Admninistrator; and no subsequent
budget. shall contain any dlefciency item for expenditures in excess
of prior budget estimates except those which the Adminiistrator shall
have so approved.
The followings provisions of the: Code are hereby deleted:
Sub-section (f) and (go), Section 11, of Article VI.
Approvedl Code No. 381--Amuendment No. 1.
Registry No. 917--10. (3)
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