Approved Code No. 60-Amendment No. 7 Regisiry No. 1625-2-02
NATIONAL RECOVERY ADMINISTRATION
CODE OF FAIR COMPETITION
AS APPROVED ON NOVEMBER 16, 1934
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Approved Code No. 60-Amendment No. 7
Registry No. 1625-2-02
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Approved Code No. 60-Amendment No. 7
AMENDMENT TO CODE OF FAIR COMPETITION
As Approved on November 16, 1934
APPROVING AMENDMENT OF CODE OF FAIR COMPETITION FOR THE
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-
ment to a Code of Fair Competition for the Retail Trade, and hear-
ings having been duly held thereon and the annexed report on said
amendment, containing findings with respect thereto, having been
made and directed to the President:
NOW, THEREFORE, on behalf of the President of the United
States, the National Industrial Recovery Board, pursuant to au-
thority vested in it by Executive Orders of the President, including
Executive Order No. 6859, dated September 27, 1934, and otherwise;
does hereby incorporate, by reference, said annexed report and does
find that said amendment and the Code 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 amendment 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.
NATIONAL INDUSTRIAL RECOVERY BOARD,
By W. A. HARRIMAN, Administrative Officer.
ROBERT L. HOUSTON,
WASHINGTON, D. C.,
November 16, 1934.
97730 0 1325-59-34 (1f
REPORT TO THE PRESIDENT
The White House.
SIR: The Hearing on the annexed amendment to Schedule A of
the Code of Fair Competition for the Retail Trade was held on
October 23, 193-1, in the Raleigh Hotel, Washington, D. C. The
amendmentl was pres-iited by duly qualified and authorized repre-
niitittives of the Trade, complying with statutory requirements,
such representatives being members of the National Retail Drug
In accordance with the customary procedure, everyone who had
filed a request for an appl.'rance was freely heard in public, and
all statutory and regulatory reqireitncii_ ts were complied with.
This amendment is drawn to enable the National Retail Drug
Code Authority and the several Local and Met copolitan Retail Drug
Code Authorities to collect assessments to support the administration
of the Code.
FThe Deputy Administrator in his final report to the National
Industrial Recovery Board on said aine iiidlint to said Code having
found as herein set forth and on the basis of all the proceedings in
The National: Industrial Recovery Board 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 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 organ ization of industry for the purpose
of cooperat ive action of labor and management under adequate gov-
ernmental sanction and super-\ision, by eliminating unfair competi-
tive pract iese, by promoting the fullest possible utilization of the
present productive capacity of industries, by avoiding undue restric-
tion of production (except as may be temporarily required), by in-
ireasing the t.on.umption of industrial and agricultural products
through ii r n-ing purchasing power, by reducing and relieving
unemployment, by improving standards of labor, and by otherwise
(b) The Code as amended complies in all respects with the per-
tinent provisions of said Title of said Act, including without limi-
tation sub-section (a) of Section 3, sub-section (a) of Section 7 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 Trade as a whole.
(d) The amendment and the Code as amended are not d(.lignled
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 said
For these reasons the amendment has been approved.
For the National Industrial Recovery Board:
W. A. HARRIMAN,
Adminisi trative Officer.
NOVEMBER 16, 1934.
AMENDMENT TO THE CODE OF FAIR COMPETITION
FOR THE RETAIL TRADE
Subpa ragraph (f) of Paragraph (2) of Section 5 of Schedule A
of the Code of Fair Competition for the Retail Trade is hereby
amended to read as follows:
(f) 1. It being found necessary in order to support the administra-
tion of this Code and to maintain the standards of fair competition
established thereunder, and to effectuate the policy of the Act, the
National Retail Drug Code Authority and the several Local Com-
mittees (whether known as Local Retail Drug Code Authorities,
Metropolitan Retail Drug Code Authorities, or otherwise) estab-
lished hereunder are authorized:
A. To incur such reasonable obligations as are necessary and
proper for the foregoing purposes, and 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;
B. To submit to the National Industrial Recovery Board for its
approval. subject to such notice and opportunity to be heard as it
may deemn necessary; (1) An itemized budget of their estimated
expenses for the foregoing purposes, and (2) An equitable basis
upon which the funds necessary to support such budget shall be
contributed by members of the Trade.
C. After such budget and basis of contribution have been approved
by the National Industrial Recovery Board, to determine and obtain
equitable contribution as above set forth by all members of the
Trade. and to that end, if necessary, to institute legal proceedings
therefore in its own name.
2. Each member of the Trade shall pay his or its equitable con-
tribution to the expenses of the maintenance of the National Retail
Drug Code Authority and the -everal Local Committees (whether
known as Local Retail Drug Code Authorities, Metropolitan Retail
Drug Code Authorities, or otherwise) determined and hereinabove
provided, and subject to rules and regulations pertaining hereto
issued by the National Industrial Recovery Board. Only members
of the Trade complying with the Code and contributing to the ex-
penses of its admlilistratioin as hereinabove provided (unless duly
exempted from making such contribution) shall be entitled to par-
ticipate in the selection of members of the National Retail Drug
Code Authority or any Local Committee (whether known as a Local
Retail Drug Code Authority, Metropolitan Retail Drug Code Author-
ity, or otherwise) or to receive the benefits of any of their voluntary
i,.tiviti-, or to make use of any emblem or insignia of the National
3. The National Retail Drug Code Authority and the several
local coiinmittees (whether known as Local Retail Drug Code Au-
thorities, Met ropolitan Retail Drug Code Authorities, or otherwise)
shall neither incur nor pay any obligation substantially in excess
of the amount thereof as estimnlltedl in their approved budget, and
shall in no event exceed the total amount contained in the said
approved budget, except upon approval of the National Industrial
Recovery Board; and no subsequent budget shall contain any defi-
ciency item for expenditures in excess of prior budget estimates ex-
cept those which the Nationl Iindlstrial Recovery Board shall have
Approved Code No. 60--Amendment No. 7.
Registry No. 1025-2-02.
UNIVERSITY OF FLORIDA
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