Approved Code No. 60-Amendment No. 4 Registry No. 1625-2-92
NATIONAL RECOVERY ADMINISTRATION
CODE OF FAIR COMPETITION
AS APPROVED ON SEPTEMBER 10, 1934
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Approved Code No. 60-Amendment No. 4
Registry No. 1625-2-02
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Approved Code No. 60-Amendment No. 4
AMENDMENT TO CODE OF FAIR COMPETITION
As Approved on September 10, 1934
APPROVING AMENDMENT TO CODE OF FAIR COMPETITION FOR THE RETAIL
An application having been duly made pursuant to and in full
compliance with the provisions of T'itle I of the National Industrial
Recovery Act, approved June 16. 1933. for approval of an amendment
to the Code of Fair Competition for the Retail Trade, and hearings
having been duly held thereon and the annexed report on said amend-
ment containing findings with respect thereto. having been made and
directed to the President:
NOW, THEREFORE, on behalf of the President of the United
States, I, Hugh S. Johnson, Administrator for Industrial Recovery,
pursuant to authority vested in me by Executive Orders of the Presi-
dent, including Executive Order No. 6543-A, dated December 30,
1933, and otherwise; do hereby incorporate by reference said annexed
report and do find that said amendment and the Code as constituted
after being amended comply in all respects with the pertinent pro-
visions and will promote the policy and purposes of said Title of
said 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 an approval of said Code in its entirety
as amended, such approval and such amendment to take effect ten
(10) days from the date hereof, unless good cause to the contrary is
shown to the Administrator before that time and the Administrator
issues a subsequent, order to that effect.
HUGH S. JOHNSON,
Administrator for Industtrial Recovery.
ROBERT L. HOUSTON,
September 10, 1934.
85100J'--1181-34-34 t 1\
REPORT TO THE PRESIDENT
The White House.
SIR: The Hearing on the aiitoldinent to the Code of Fair Compe-
tition for the Retail Trade was held on August 27, 1934 in Room
2062, DUpartment of Commerce Building, Washington, D.C. The
amendment, which is attached, was presented by duly qllulified and
authorized representatives of the Trade, complying with statutory
requirements, such representatives being members of the National
Retail Code Authority, Inh.
In accordance with customary procedure, everyone pre-:nt who
had filed a request for an appearance was freely heard in public,
and all statutory and reultory ory rcq(uiriiniiili were complied with.
The Deputy Administrator in his final report to me on said amend-
ment to said Code having found as herein set forth and on the basis
of all the proceedings in this matter;
I find that:
'(a) Th- 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 coiiImi.rce
which tend to diminish the amount thereof, and will provide for the
general welfare by promoting the o gani/iation of iindu-try for the
purpose of co-operative action of labor and ]nUn1:derinflit under ade-
quate governmental sanction and supervision, by eliminating unfair
competitive practices, by promoting the fullest possible ut ilization
of the present productive cipacit'y f indii-ri.'-, by avoiding undue
restriction of production (except 'as may be temporarily required),
by ii ni-iiv-ng the consumption of inli n-tial and agricultural prod-
ucts through in'r.t.-inig, pur-1i:el-;ng power, by r.,lucing and reliev-
ing unemployment, by improving standardss of labor, and by other-
wise rehabilitating industry.
(b) The Code as amended complies in all respects with the pei ti-
nent provisions of said Title of said Act, including without linit:i-
tion -iib-section (a) of Se-tion 3, sub-section (a) of Section 7 and
sub- -petion (b) of Section 10 thereof.
(c) The amendment and the Code as amended are not d,.:igned
to and will not permit monopolies or monopolistic Ipr,'tices.
(d) The amendment and the Code as amended are not .-ignrd
to and will not eliminate or oppress -mii ll cnteipri--: and will not
operate to discriminate ga;!i.iit them.
(e) Those eng.agi'd in other steps of the economic process have not
been deprive 1 of the right to be h.,i prior to the approval of said
For these reasons I have approved said al.:'ndiinnt to the Code of
Fair Competition for the Retail Trade.
HITGH S. JI hNS N,
Admi (1I, ;ftra or.
SEPTEMBER 10, 1934.
AMENDMENT TO CODE OF FAIR COMPETITION FOR
THE RETAIL TRADE
Article X, Section 2 (f) shall be amended to read as follows:
(f) Exape'isec.-1. It being found necessary in order to support
the administration of this Code and to maintain the standards of
fair competition established thereunder, and to effectuate the policy
of the Act, the National Retail Codle Authority and the several local
retail code authorities established thereunder are authorized:
(A) To inc.ur such rea-conable 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 purpose, of the Code;
(B) To submit to the Admlinistrator for his approval, subject
to such notice and opportunity ti be heard as he may deem
(1) Itemized budgets of their estimated expenses for the fore-
going purposes, and
(2) An equitable basis upon which the funds neces-ary to support
such budgets shall be contributed by member-; of the Trade.
2. After such budgets and hbais of contribution have been
approved by the Adimini-trator, t, determine and obtain equitable
contribution a a above -et forth by ill members of the Trade.
3. Each member of the Trade shall pay his or its equitable con-
tribution to the exl)ense.s of the m maintenance of the National Retail
Code Authority and the several local retail code authorities deter-
minied a hereinabove provided, and subject to rules and regulations
pertaining thereto i.-.iedl by the Adminiistrator. Only members of
the Trade complying with the Codle and contributing to the expenses
of its administration a.l her'einalbove provided, unless duly exempted
from making such contributions, shall be entitled to participate in
the selection of members of the National Retail Code Authority or
the several local retail code authorities or to receive the benefits of
any of their voluntary activities, or to make use of any emblem or
insignia of the National Recovery Adminis.tration.
4. The National Retail Code Authority and the several local retail
code authorities shall neither incur nor pay any obligation sub-
stantially in exce-s of the amount thereof as estimated in their ap-
proved budgets, and .shall in no event exceed the total amount con-
tained in the -aid approved budgets except upon approval of the
Admnini.,tratior; and no sub.-equent budget shall contain any defi-
ciency item for expenditures in exce-.s of prior budget estimates
except -those which the A administrator shall so approve.
AlppIrov\'il '(jie No. Iu ',- Aleiit- lniilit N). -4.
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