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Registry No. 1637A--09 NATIONAL RECOVERY: ADMINISTRATION PROPOSED CODE OF FAIR COMPETITION FOR THE SHEET STEEL FARM EQUIPMENT MANUFACTURING INDUSTRY AS SUBMITTED ON AUGUST 31, 1933 MAMBER UNIV. OF F~wtg siOU DOCUM ENTSe:; DEPT The Code for the Sheet Steel Farm Equipment Manufacturing Industry in its present form merely reflects the proposal of the above-mentioned industry, and none of the provisions contained therein are to be regarded as having received the approval of the National Recovery Administrartion as applying to this industry UNITED STATES GOVERNMENT PRINTING OFFICE WASHBINGTON: 1933 UFor sale by the Superintendent of Doraments, Washington, D.C. - Price 5 cent- SUBMlITTED BY' SHEET STEEL FARM EQUIPMENT ASSOCIATION CODE OF ETHICS AND PRACTICES FOR THE SHEET STEEL FARM EQUIPMENT ASSOCIATION, AN AFFILIATED ORG AN IZATION OF THE N ATION AL COUNCIL LIV STOCK EQUIPMENT ASSOCIATIONS ADOPTED AT CHICAGO, AUGUST 16i, 19133 PREAMBLE Thle Sheet Steel Farm Eqluipmlent Aissociation, a national trade aIssociation for this industry representing~ in its m~embeship, mcre thal 75 p~elrent of the production of sheet steel farm equipment in the United Sdtates, by action taken at a meeting in the City of Chicago, on the twenty-sixth; day of July 1933 does hereby subscribe to the policy, provisions. rules, and regulations of the N~ational Industrial Recovery Act. The Sheet Steel Farm Equipmnent Association, by a majority vot~e at this meeting, decided to come under the -pron-sions of ti act which permit the voluntary adoption of a Codle of F'air Competition and Pract.ices and authorized the creation of an. Executive Com- mittee of five members to dra ft a code anid present it to the G~overi- ment for Presidential approval. CONDITION OF THE INDUSTRY Thle products of this industry are sold principally to the farmler, largely thrloughl dealers. Due to the limited buying power of the farmer, this industry has been in an abnormally depressedl cond-itioni for the past several years. With the rapidly decreasiner consump- tion of the. products of this industry, competitive condiitions have become extremely destructive, resulting in severe loss of wages for the worker, and in the destruction of the capital values and cash reserved for the proluc~er. WHAT CONSTITUTES SHEET STEEL FARMI EQUIPIMCENT Sheet steel form equipment, as used in this Code, includes the fol- lowring items: Stock~ watering tanks, stor~age or cistern tanks, w~ateri- wagon tanks, grain tanks or bins, hog trouighs or feeders, well casmng, tank heaters, feed cookers, dip tanks, and other kindred products. ORGANIZATION This Association is composedl of manufacturers of galv.anizedl steel or iron farm equipment., many of w~hom hav~e formerly been allied with one of several steel tank associations. a large par~t of whose activities consist of the manufacture of wec!tedl steel h~eavya gauge Iv? tanks used for oil and gasoline storage, and other similar purposes. Inasmiuch as thle interests of this particular group are closely allied with the Live Stock Industry this Association was formed a~nd is herewith affiliated with the National Council Live Stock Equipment Associ nations. ASSOCIATION OFFICERS Temporary offcers of the Sheet Steel Farm Equipment Associa- tions elected at a. meeting of t~he Association in the city of Chicago on August 16, 1933, are as follows: President, E. P. Kreimendabl, Celina M~fg. Co., Celina, Ohio; Vice President, A. J. Klein, Klein M~fg. Co., Burlington, la.; Secretary-Treasurer, WV. A. Zaloudek, Oakes lufga. Co., Tipton, Indl.; Executive Secret~ary, H. L. Ashworthl, 125 East. Wells St., M~ilwaukee, WVis. EXECUTI VE COM MITTEE The Executive Clommitt~ee consists of the following: E. P. KIrei- mendlabl (Chairman), Celina Mlfg. Co., Celina, Ohio; A. J. Klein, Klein Mifg. Co., Burlington, la.; WV. A. Zaloudek, Oakes Mffg. Co., Tipton, Indl.; C. S. Riggin, Jas. H. Watson Co., Inc., Bradley, Ill.; L. C. Harding, The Butler Co., Butler, Ind. 31EMBERSHIP OF ASSOCIATION The: memnber~ship of the Sheet Steel Farm Equipment Association, representing -- percent of the production of sheet steel farm equip- ment in thie U~nited States, includes the following companies. M~anufacureture of sheet steel farmi1 equipment representingg the b~alane orf the production of sheet steel farm equipment in the United States. which have been invited to become mnemblers of this Asscica- tion but have not yet affiliated as members include thle following cam ltanleS. So far as can be determined by this Association the. above lists of memiber~s and noinemlembes include all of thie factors; engagaed in th~is ircuThv;~ e See Steel Farmn Equip~ment Association. in bhal~lf of this indlust~ry, does hereby submit andl ask for approval of t~he following Code ot' Ethics aInd~ Practices. ARTICLE I--PURPOSE This Code is set up> for the purpose of increasing employment, maintaining fair andi adequate wages, and eliminating unfair trade practices, to the end of rehabilitating the sheet steel farm. equipment industry in all its phases and enabling it to don its part toward estab- lishing that balance of industries which is necessary to the restora- tion and maintenance of t~he highest pr~actical degree of public welfare. It is the declared purpose of the sheet steel farm equp~ment indus- try and adherents to this Code to restore the income enterprises within the industry to levels which will mak~e possible the payment of fair wages and avoid the further depletion and destruction of capital a~ssets. ARTICLE II-PARTICIPATION Participation in this Ciode, and any subsequent revision of or addition to the Code, shall b~e extended to any person, partnership, or corporation in the sheet steel farml equipment industry who ac- cepts his share of the cost and responsibility, as well as the benefits, of such participation by becomling a member of the sheet steel farmn equipment association. No initiation or entrances~ fee shall b~e charged for membership in the Sheet Steel Farm Equipmlent Associaition, but there shall be levied against all members of thle association annual dues inr the. amount of $25.00. Additional dlues needled to finance the activities of the association in enrrying out andi enforcing the Code of the industry shall be: levied against each mlember in proportion to the volume of its sales of the items covered b~y this Code. ARTICLE III-GENERAL (1) No provision of this Codle shall be interpreted or applied in such a manner as to (a) Promiote monopolies; (b) Per~mit or en- courage unfair competition; (c) Eliminate or oppress, or discrimi- nate against small enterprises in the sheet steel farm equipment indust ry. (2) Tjhis Codle or any of its pr~ovisions may be canlcelled or mnodi- fled or any! approvedl rule issued t~hereund~er shall be ineffective to the extent niecessary to conform to any action by the Presidenit of the United States under section 10 (b) of the National Ind~ustrial Recovery Act.. (3) Amnendments to this Code miay be proposed to the ~Executive Secretary by anly member or members of t.he Sheet Steel Farmn Equipment Association, or may be initiated by the Executive Com- THE CODE mnitt~ee and mnay be adopted byr the affir~mative vote of a tw~o-t.hirds majority of the members of the association, and when approved by t~he Presidlent of the U~nitedl States shall be effective. Any amend- mientsi proposed shall be submiittedl in writing to all members of the association not less than two weeks before coming before the associ- ation for action. (4i) The Ch~airmlan and the Executive Secretary of the association, subject to thle approval of t~he Executive Committee, shall represent the Sheet Steel Farmi Equipment Association and the Sheet Steel Farmi equipment industry in all1 contacts with the Administrator of the National Industrial Recovery Act, or his agents, except if a mlemlber of thne association shall feel aggrieved on account of the provisions of this C'ode or of an amnendmlrent thereto or rule or regu- lat.ion miade pursuant thereto such member shall have the right dir~ectly to priesent his position to the President of the United States or his tluly aulthorizedl agent. (,j Thle povisions, rules, regulations, and restrictions as set. forth in this Cod-e, when approved by t.he President. of t~he United States, shall become~ binding upon all producers of sheet steel farm equip- men~lt wPithin ten dlay)s after final approval. (6) Rights of Tlrork~ers.--(a) Emnployees in the sheet steel farm equipment ind~ustry shall have t~he: right to organize and bargain col- lectively through r~epresentatives of their own1 choosing, and shall be free from the interference, restraint., or coercion of employers of labor, or th~eir agents, in the designation of such representatives or in self-orgai3nizations, or in ot her conicertedl acti vit ies for the purpose of collective burgaining or other mutual aidl or pr~ot.ection,, as provided for in Section 7 of thle National Industr~ial Recovery~ Act. (b) No employee in the sheet steel formi equipment industry, and no one seekiingr emplloymlen t therein! shall be required as a condition of employment to loin any company umion, or to refrain fromt joining a labor organization of hijs own choosing, as pr~ovided for in section 7 of thne National In~dustrial Recovery Act. (c) Employrers of labor in t~he sheet steel farm~l equipment indus- try agree to comply with the miaximumn hours of labor! minimum rates of pay, and other wforking conditions approved or prescribed by the President of thle U_!nited States. (d)~ It, is clearR.1ly understood tha~ct thle forel'goili ng prayraphs do not impair inn anyT particular the constitutional rights of the em- ployee and employer to bargain individually or collectively as may be mutually satisfactory to thlem; nor do they impair the joint right of emlployer and emnployes to operate an open shop. (e) Nothing in, thnis G'ode is to p~rev.ent. the selection, retention, and advancement of employees on t~he basis of their individual merit, without retgar~d to their affiliation or nonlaffiliation with any labor organIization. (f) It is expressly stipulatedl that. neither any provision of this Code nor the fact or mannerl of its p~reparation, presentation, adop- tion, or filling shall be cons~trued~ as constituting a waiver of any constitutioinal right which the several members of the Sheet Steel Fatrmr Equipment ALssociation or. industry! might otherwise have and enjoy. Any such provisionl which may limit or abrogate any con- stitutional right is inserted under the unlavoidable requirements of the Nationll:1 Indrustrial Recovery Act as the same is understood by said members and not voluntatrily nor w~ith~E their approval as a contractual relinquishment. of such right. AiRT ICLE IV--A ADMINISTRATION En~fo~c~emnenrt.-The administration officer of this Code shall be the Executive Secret~ary of the Sheet Steel F'arm Equipmnent. Assoc~ia- tion. He shall be required~ to submit and to explainl the provisions, purposes, and aims of the Code to all producers of sheet steel farm equipment, including members and nonmembers of the Sheet Steel Farm Equipment Association. Any producer of sheet steel farm eqluipment inju~red by the vio- i lation of this Code shall file with the Executive SecretaryS a written complaint. setting fo~t~h the factsa in the mat~tear a~nd~ requeting such relief as may be just. The Exueclt~ive: Secretary~ of the Sheet Steel Farmn Equlipmnent Association is authorized and7 diec~tedl to enforce vigorouslyr, equlit- ably, and without exception a system of discipline for violators of this Ciode or any of its rules, regulations, or pr~ovisions as follows: A fine against violators~, in. cases where the violation involves a sale of sheet steel forml equipment, of an amount not to exceed fiftyl percent of the established price of the eqluipmenit sold. A fine against violators,~ where the sale of eqmupment maynotb involved, of an amount not to exceedl five huzndlred dlollar~s ($500).n b The Executive Secrletary may use his discretion, as circumstances warrant, in subst~itut~inga an arbtrar fine for th1e percentage of sale plan. Violation of any or all rules of the Code may be consideredl a separate off'ensie for each And every'3 dayv such r~ules ar~e violatedl. If found necessary to the wrelfarle of thle indlustrya or in support of the proper administration of this Code, the Executive SecretaryF may give full publicity to the facts r~eardingr any violation by any person of any7 rule o r~egulatiorn of this Code, and the hearing and determlination t~er~eon. without any liabilityS for libel arising th ere fromrn. ALny fines assessedl and collected shanll be turned into the APssocia- tion Treasuryl\. Such mioney shall be available for awardingr financial damages to member injured by violations. FEine~s collected and not so u1sed shall ber appnlied- to t~he Ass~ciation's: operating budg~et. Any member of the Shieet Steel Farm Equipmrent Association or any producer of sheet steel farml equipment who is not a, member of the association shall have the right to appeal from the ruling or decision of the Executive Secretary, and such appeal shall be heard by a. representative Arbitration Committee of at least three persons, such committee to be appointed by the Executive Comi- mnittee of the Sheet Steel Farm Equipment Association from the organizations of different members of the industry. Under this pro- vision a separate Arbhitr~ation Committee shall be named to handc~le each appeal, and the membership of such committee shall be truly representative for the purpose of insuring the parties a fair hear- ing,~ but shall not. include any members of the industry connected with or in anyI way involved in the dispute in question. The decision of such Arbitration Committees mnay be appealed by either party to the association as a whole and the decision of th~e association shall be final an1d binding. If such association decision is not, accep~teed and complied with by the complainant or defendant, the case shall be turned over to thle Executive Commit~tee of the industry for submission to the Administrator of thle National Indus- trial Recovery Act. S~tatisticsh and Repor~ts.-The Execut~ive Secretary shall have the power and author~ity to require fr~om each manufacturer of sheet- steel farm equipment from time to time such wage and labor reports, information, and~ records as shall be necessary to the adequate administration and enforcement of the provisions of this Code. T~he Executive Secretary shall have the right at all times to exam- ine all records of every prloducer of sheet-steel farm equipment when- ever su~ch inspection Is necessary for the adequate administration and enforcement of the provisions of this Code. It is definitely agreed that any such information obtained by such inspection shall be of a strictly confidential nature, except insofar as disclosure of the facts so obtained mlay b~e necessary to the just administration of this Code. ARTICLE Vj-HoUns or LABOR WCe agree that on and after the effective date hereof employers in the sheet-steel tank industry shall not operate on a schedule of hours of labor for their emplloyees, excepting executives and their assist- ants and salesmen, in excess of forty (40) hours per week, averaged over a six months' period. (a) However, there shall be no restrictions on the number of hours which may be worked during any one day or during any one week, provided the average of forty (40) hours per week over a six months' period is not exceeded. (b) The above, however, is not to apply to hours of labor for repair- shop cr~ews, engineers, electricians, firemen, offce, sales, and super- visory stf~f. shipping~, watching, and outside crews. ARTICLE TI- VAGBES W'e agr~ee thant onI and~ after the effective date hereof thle minimum wage wh1~ich shall be paid by employers in the sheet.-steel tank indus- try to any' of their employees shall be as follows: Adult male labor, 30$ per hour; female andl minror labor, 254 per hour. (a) It is unlder~stood that learner~s shall be exempitted from provi- sions~ of this section for a per~iodl of twelve weeks from thie date of their emlployment. (b) It i5 fur~lther ulndersl'tood that each~i mnu~n~facturer shall have the pr'ivileget of exempilting~ from~ the pronsvions~ of this~ section a certain n1umberil of wac~lled~ pensioner` emp~loyee~s: namely, employees who by reason~i of age orI phy~sical dlisability are~ not capable of performing a full any\'sj wor~k buit w-homl it is des~iredl to retain beenause of their long connect~ctio nl with thle bus~ines.c Su1ch employees shall be reported separa'tely in thle malking~2 of nleCessa~ry' currlent labor reports to the Adm inistra;t or. We~t furlthler agree thlat thle above ~rates ma~y be revised fr~om time to timne inr sulch ma1nner as;1 will Current-lly' reflect on equitable adljustments to variationsl; ini the cost of living; such adjustments to be subject to the app~roval of thle Pretsidernt of thle UTnitedl States. W~e further agree noct to emp~lo. any~ minior under th~e age of 16j years. ARTIICLEVT 71-ELIING, L'ICES It shall be an unfair mcth~od of plus a reasonable p~rofit.. Cost to be interpr~leted~ as; follows: (a) Current. price of all ma~ter~i ial s usd, includling~ freight. (b) Cost of ail l irecrt labor,, inc~ludingy laIng~n outC, fabricating as- Ssembling, riveting, soldler~ing, we~iliing, tinishing, tesitinig, etc.; f. ~(c) Fixed expense or ov~~-erhe covers items inludllting salar~ies of ~ the Admninisit~rative andl Exestcu~tive Offic~ers whichh mulst b~e figrur~ed commensurate w-ith services performedl~ec), clerieinl hielp, ship~ping.: credit expense, shop, superintendents and mnaint~nanlce,, normal adl- Svertising, and sales expense. All discournts and conu~nission, r~eason- a-ble depreciation on planlt and equlipmlent, obolesce~nce~, anl aIny awrl a~ll gepneral costs anl chalrges whether specifically enumeratedl or not. ARTICLE \IIII-TRADE PR\C.TICE RULES I~~ These trade prIactice rulles as set forth in Group I for the Sheet SSteel Farm Equipment Ass~c~cialtio.n are identical with the tr~ad'e prae- tice rules adloptedl by the Borlll Equlipmentll Industry and wT~hich1 were ii appr~oved by the Federal Trade Comnmision on July 1, 1929, and amended on September 19, 1930. 1 GROUP I RULE i. I7497/fleiiCC 'I'th contlfrract. ?The wilful interference by Sany person, firm, corp~ora~tion, or ass.c-iation, by any' means or denice wPhatever, with anyc existing contract or order between~ a seller and pulrchalser of any product handled by tlhe industry, or thle performl- ance of any contractual duty or service connected thierewithi, such in- Sterferencebeting for the purpose or with the effect of dissipating, dlestroying~, or alppropri~tntin in whole or in part the patronage, Sproperty, or bulsiness of another enlgaged in such industry, is ulnfair tr~adee practice. SRUL~E 2. ,Ili878pl'?88N/U frfon.-Tlhe sale or offer~inga for sale of any product of the indlustry with intent to deceive customers or pros- pect~ive customers as to the quaintity, quality, substance, or size of such product is unfair trade practice. RI'LE 3. Rebates.--The payE~ment or allowance of secret rebates, re- funds, credits, or unearnedl discounts, whether in the form of moner or othler~wise, or t~he Siving of premiums, or extending to certain pur'- chasers, public institutions not excepted, special pricesi, terms, services,~ or privileges not extended to all purchasers under like termls and conditions, is an unfair trade practice. RULE 4. Pricr discr~iminatrfio n .-ABny discrimination in price between purchasers of the some class, excep-ting discrimination in price on account of the difference mn grade or quality of the product sold, is unfair trade practice. RULE 5i. Defamationn of charactcer.--The defamation of a competi- tor by words or acts w~hichi call in question his business integrity, his ability to perform his contracts, his credit standing,r or mlisrepresentd- tion of the grade, quality, or reliability of his goods is condemned as unfair trade practice. RZULE 6. 2'CC88a GllOtuRsce8.--The allowance of transportation or trucking charges in excess of the actual or published amount of such charges onl products is an unfair trade practice. RULE 7. Solcifiing emlployes.-T~he solicitation of the services of salesmen or other employes of other members of the industry with- out notice to the employer involved is an unfair trade practice. GROUP II RULE 1. Pr~ie Listo.-ITt shall be required that all members use uniforms list prices on all classes of galvanizedl tanks andl for such other products for which uniform list prices have been adopted. Any deviation from the following: Ai fair and equitable classifi-- cation oif customers shall be ma~de by7 all manufacturers in this indus- tryv. There shall not be more than three classifientionls as follows: (n) jobber, (b) National Distributors, (c) retail dealers. Mianu- facturers in this association shall circulate to each classification that they regularly sell their price list. for various sizes! grades, and quan- tities of their products, stating clearly in said published sheets or entalogues such information as is necessary to correctly andi accu- rately describe all products offered for sale and shall also publish credit termiis, cash discount, freight, or other transportation charge allowanlces andl that such published price sheets shall truly represent t~he sales prices, term~is. and conditions without any deviation what- soever therefromn. Price sheets before becoming effective shall be filedl with the Executive Secretary, as a matter of information, who shall informi all members of the Sheet Steel Farm Equipment Asso- ciation of all conditions contained in the price sheets so filedl. Any violation of t~hisi plan by any producer of sheet steel farm equipment is unfair competition. RULE 2. Dealere~.~.-Detnf~inito: The terml dealer for the purposes of this Code shall be definedl as onie operating a place of business, carrying a stock of goods, selling at retail and for t~he purposes of this Code shall be further limited to those dealers who handle lines kindred to Sheet Steel Farm Equipment., as, for instance, farm imp~lemlents and hardware, lumber, water-supply materials or serv- ice; also general stor,~es carrying hardware; and shall exclude retail dealers handling lines entirely foreign to the Sheet Steel Farm Equipmnent industry who have not in the past handled Sheet Steel ]Farm Equipmnent as a line. Nothing her~ein shall prevent a producer of Sheet. Steel Farm Equipment fromn continuing to sell at regular dealer's discount to a retail distributor who conducts a place of business andl carries a stock of goods but who does not qualify under the strict interpre- ta'tion of the for~egoing definition, if at any time within five years last past he haus beenr an active dealer customer on thle books of such prod ucer. RULE 3. Jobbere.\.-Definitiion of Jolbber: The indutr~Yly hereby re- cords its app1-rovaul o~f the decfinitio~n of a qualifiedl manufacturers or whlolesale dlistribultor to be onre whose prinicipanl business is selling to the r~etail dlistributorl. carr1ies a w~ell .selrcted stock of mlerchlandiise, buy"s inl suitable quanitities~, wan~~lcirehouse a reserve tock for ret~ailersj within a radius of economical distribution and convenience of serv- ice, resells in proper units to t~he retailer as economically as possible, assumes the creditt risk, and such other obligations as are incident to the transportation, warehousing, and distribution of the products c:of the industry~. c ~Discount.-IZt shall be unfair competition for any producer of sheet- Ssteel farm equipment to allow a dliscount to a jobber of sheet-steel farmm equipment great.er than 2095T for~ stock shipment or 171/3% for direct shipment from dealer price list. It shall also be unfair com- .petition for any producer of sheet-steel farml equipment to allow a discount gr~eat~er than 20%lc for stock shipment or 171'2%o for direct shipment from dealer price list to any national distributor. Any other purchasers shall be classed as consumers and shall not be sold~ at less than 254r above dealer price plus freight. RULE ii. It Shall be unflair trade practice for any manufacturer to consign stocks with dealers or jobber~s. Rout 5. It shall be unfair trade~ practice for any manufacturer to sell or offer for sale anyv merchandlise carrying1 n' private brand or without brannd at lower prices thanl samle quality of goods under regular or other brands. RULE 6. TeffHZ8.--Termsl of payment on1 all invoices covering sales to jobbers and dealers shall be not to exceed 1%rc discount to jobbers and 2% to dealers from net. amount for paynentt on or before 10th proximno or 30 days net. No cash discount allowed on transporta- tion charges. On future orders taken for shipment at the manu- fact~urer's convenience during thie months of October, November, De- cember, January,! and February, a dla.ting not to exceed 60 days be- yond the first of the following month after shipment is made may be given, but in no case shall any dating be made extending later than April 1st, 2% April 10, 30 days net. PRULE 7. Freight allowannce.--All prices to the dealer and to the jobber on direct shipments to customer will be F.O.B. factory, pro- vided, however, any manufacturer shall have the right to equalize and/or absorb freight charges on nested tanks with any competitive point where other manufacturers or jobbers in competition may have factories or regular distr~ibuting warehouses. No freight equaliza- tion will be made on any tanks shipped singly. The Executive Sec- retary shall prepare a list of these competitive points whiich shall be circulated to the industry and no addition shall be made to the list without. being passed upon by the directors. On shipments to job- bers! stock, carload rate of freight will be allowed. RULE 8. IlliffOi')Z yztidi'G lf8.-M~embers of the Sheet Steel Farm Equipment Association may give to customers thereof a uniform guarantee or warranty as follows: We guarantee this merchandise to be free fr~om defeeive wor~kmanship or material for a period of one year from sale thereof anid agree to replace and repair at our option without charge, any merchandise sold under this arrangement within the time limits prescribed her~ewith F.O.B. factory and w7ith- out allowance for repair and other liability thereinn.' RmaE 9. It. shall be an unfair trade practice for any manufacturer to make payment of or allowances for snpecific advert~ising expense in behalf of purchasers that would in any way have thie effect of representing a concession beyond the r~egular published pr~ice. UNIVERSITY OF FLORIDA PINIIIYIIlYIllWIIHI 1 8 3 1262 08850 5242 RU~LE 10. It shall be an unfair trade practice for any manufacturer t~o sell or offer to sell any products of the industry, excepting hog troughs and feeding pans, made from material procured from any soulrces of suplynl that. is denigTnated by the manufacturer or seller as ' seconds or other than prilme or' first grlade material in competi- tion with products made of prime or first grade miaterial--provided that should any manufacturer use secondss "? or materials other than prime or first grade in t~he manufacture of his products, excepting hog trorughs andl feeding pans, then~ all such products shall be clearly and conspicuously stenciled made of seconds and sold and in- voicd a suh ti hs cstoer.All such products shall not carry anly form of guarantee as to service or length of life. RTrLE 11. Any' steel mnill which fabtricates articles of merchandise i dlesignated' uxnder this Code shall be subject to this Code in every particular, and it shall be unfair competition for such mill to figure in the cost of such articles of merchandise anly m~ater~ialss of their own manufacture at other than the publishled resale prices of suchl mate- rials whlen sold in carload lots. PRODUCTION CEGTRICTION W~e agree that, b~e(nuse existing produuctiv-e capacity far exceeds ~the : normal demand, not to increase our productive capacity for a period of 12 months from the effective date of thlis Code, exncepting as it may b~e nor~imlly incr~~ensed through the substituition of new for existmng ejquipment~t, or through more efficient me~thodls of manufacture.. In view of the fo,~ereging agrreement w-e specifically ask that the Administrator establish a r~ule which w~ill mlake it necessary for any concern dlesiring to undlertake the manufacture of sheet steel farmr equipmen- t to sEhow- a necessity for such increase inl productive ea- ;$.I poeity,1 or that the product he intends to manufacture will better serve thIe public interect than thle sheet-steel equipment now available. :NEW RULES IIn submittin g above trade prneti~e; rules for aprov~'cal, t~he Sheet i:: SCteel Farmn Equipmle ntt Associaionti desires to b~e giveni the privilege o-f offering for approval in the future such additional rules as ex- pjerience may provl\e desirabille, or to amnendl or withdrawn old rules which prove unworkable. RespectfulIJ llyubmitted for the Sheet Steel Farm Equipment Indurstry. Er~eculitiv Se~'tcretarny, E.xrcutiverl Conuniti Ij f of Sheet- Steel Form11. Equijpmnenf Alssociation. Dated at day of --, 1933. O'il |