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Approved Code No. 380--Amendment No. 1
Registry No. 1333--12
NATIONAL RECOVERY ADMINISTRATION
CODE OF FAIR COMPETITION
MACHINERY AND ACCESSORIES
AS APPROVED ON DECEMBER 21, 1934
WE DO OUR PART
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Approved Code No. 380--Amendment No. 1
AMENDMIENT TO CODE O]F FAIRI COMPETITION
USED T]EX~TIIE MAV~CHIIN]ERYii AND ACCCIESSORIES
Als A~pproved on D~ecember 21, 1934
AMrENDMrENT OF CODE OF FAIR COMP'ETITION FOR THIE 1[SED TEXTLle
MACHrINERY AND AcCESSORIES DI)ISTRIBUTING rPRA~DE
AIn application having been duly maude pursuant to and in full
compliance with. the provisions of Title I of the Nationral Ilndustrial
Recovery Act, approved June 16, 1933, for approval of an amnend-'
ment to the Code of Fair Competition for the UTsed T~extile Mau-
chinery and Accessories Distrib~utingb T~rade, and Notice of Oppor-
tunity to be H-eard having been given, and the annexedl report on
sai amndmntconainngfindcin s with respect thnereto, ha-inlg
been made and directed to tePeiet
N~OW, TIHEREIFORE, on behanlf of the ]President of the United~
States, the National Industrial Recovery Board, pursu~~ant to au-
thlority vested in it by Exsecutiv-e Orders of the Prcsident, includ'ing~
Executive Orde~r 6i859, clatedr September 27, 1934, and oth~erwi.-e,
does hereby incorporate by refernclce, said anrnexe~d report and does
find that said amlendlment and the Code as constituted' after b~einer
amlend~ed comply in all Irepects with the pertinent provisions ana
will promote the policy and pulrposes of said Title of said Act,
and do~es hereby ordcer that said amnendlment be alnd it is hereby,
app'rove,\cl and that the previous applr~oval of saidl Code is hecreby
amendedl to include an approval of said Code in its entirety as:
NATIONAL TNDUSTR~IAL RECOVERY I3OARD,
BSy W;. A~. HARRIMZAN, Adnmjlinkrat~iv e O~fficer.
HT.innY C. CARR
Acting D3ivlison, Admlinistr~ator.
Wa'.sllnIn> No D. C.,
DEC'EMBIER 91, 193-1.
10423":7' 18119 34 Ill
RIEPOIRT TO1' THIE PRESIDENT
The White HEiowe.
SmR: This is a report on an amendment to the Code of Fair Comn-
petition for the Used Textile Machinery and Accessories Distrib-
uting Trade to include Executive Order 6678 of April 14, 1934 relat-
ing to collection of expenses of code administration. This amlend-
ment was proposed in accordance with Article VI, Stc~tio~n 2 (a) of
the Code, approved April 4, 1934 and Notice of Oppo~rtunity to be
H-eard wras given November 21 to December 11, 1934.
The Deputy Administrator in his final report to the National In-
dustrial 'Recovcery 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 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
obstructions to the free flow of interstate and foreign commerce
which tend~ to diminish the amount thereof, and wFill provide for
the general welfare by promoting the organization of industry for
thie purpose of coopcl:er~ativer action. among trade groups, by inducing
anld maintaining uLnited~ action. of labor and management ulnder
adequate governmental sanction and supervision, by eliminating
unfair congal~ttitive prac.tices;, by promoting the fullest possible utili-
zation of the present productive capacity of industries, by avoiding
undue restriction. of production exceptt as may be temporarily re-
quired), by increas~ingb the consumption of industrial and agricul-
tural produc~ts through increasing purchasing power, by reducing
and relieving unemployment, by improving standards of labor, and
by otherwise! rehabilitating industry.
(b) The Code as amnend-ed complies in all respects with the perti-
nent provisions of said Title of said Act, includiing without limnita-
tion Subsection. (a) of Section 3, Subsection (a) of Section 7, and
Subsection (b) of Section 10 thereof.
(c) T~he Code empowers the Code Authoritly to present the afore-
said amendment on behalf of the Trade as a wh~ole.
(d) The amendment and the Code as amnend~ed 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 willU not
operate to discriminated against them.
()Tose engaged, in other steps of the erconomic~ process~ have
not bendeprivetd of the right to be heard prior to appro~val of
For these reasons, this amelndment has be~en apprrovedl.
]For the NZational .Industrial Recovery Board:
WT. H.~ H AbRRI MAN,
DECHRE 21, 1934. Ad /~v fCP
AMSENDMEN~~T TO CODE, OFl FAIRK COMPETITION FOR
THE USED TIEX~TILE MACHINERY AND ACCESSORIES
Amend Article VI by deletingr. ,~.L~ll Section 4 and substituting in lieu
thereof the following:
Section 4-(a) It being founId necessary in order to support the
administration of this Code and to miainitain the standards of fair
competition established hereunder and to eflFectuate the policy of the
Act, the Code Author~ity is authorized:
(1) To incrl su~ch rea~sonable obligations as are necessary and
proper for the forego~inlg purposes, andt to meet such obligations out
of funds which may be raised as hereinafter provided and which
shall be held in trust for the purposes of the Code;
(2) To submit to the National Industrial Recovery ]Board for its
approval, subject to such notice and opportunity to be heard as it
may dee~rn necessary (1) an itemized budget of its estimated expenses
for the foregoinlg purpo~e-;, and (2) an equitable basis upon wcchich
the funds necessar-y to support such budget shall be contributed by
members of the Trade;
(3) After such budget and basis of contributio-n have been ap-
proved by the National Industrial Rtecovery B3oard, to determine and
obtain equitable contribution as above set forth by all members of
the TrPade, and to that end, if necessary, to institute legal1 proceedings
therefore in its own name.
(b) Each member of the Trade shall pay his or its equitable con-
tribution to the expensest of the maintenance of the Code Authority,
detrm~l'lined~ as hereinabove provided, and subject to rules and regnl-
lations pertaining thereto issued by the National Industrial Recov-
ery Board. Onlly members of the Trade complying with the Code
and contributing to thre expense of its administration as hereinabove
provided, unless duly exempted from making such contributions,
shall be entitled to participate in the selection of members of the
Code Authority or to receive the benefi~ts of any of its voluntary
activities or to make use of any emblem or insignia of the National
(c) The Code Authority shall neither incur nor pay any obliga-
tion substantiaally in excess of the amount thereof as e~stimnated in. its
approved budget; and shall in no etvenlt exceed the total amount
contained in the approved budget, exrcept upon approval of the
National Industrial Recovery Board; and no subsequent budget shall
contain anly deficiency item for expenditures in exccess of prior budget
estimates except those which the National Industrial Recovery Board
shall halve so approved.
Appl'lroved Code Nluo. ~380---81Amendment N~o. 1.
Reis~t ry' No. 1332-12.
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