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NATIONAL RECOVERY ADMINISTRATION
CODE OF FAIR COMPETITION
SILK TEXTILE INDUSTRY
AS APPROVED ON MARCH 20, 1935
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RBegitry No. 263-01
Approved Code No. 48-Amendment No. 6
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Approved Code No. 48-Amendment No. 6
AMENDMENT TO CODE OF FAIR COMPETITION
SILK TEXTILE INDUSTRY
As Approved on March 20, 1935
APPROVING AMENDMENT OF CODE OF FAIR COMPETITION FOR THE SILK
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 Silk Textile Industry,
and a notice of an opportunity to be heard having been afforded
thereon and the annexed report on said amendment, containing find-
ings with respect thereto, having been made and directed to the
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.
PRENTIBs L. COONLEY,
WASHINGTON, D. C.,
March 0, 1935.
REPORT TO THE PRESIDENT
The White House.
Smi: This is a report on the results of the Notice of Opportunity
to be Heard on the amendment to the Code of Fair Competition
'for the Silk Textile Industry, which was issued on February 19, 1935,
with the provision that objections against the proposed amendment
could be filed any time prior to March 11, 1935. The amendment,
which is attached, was presented by the duly qualified and author-
ized representatives of the Industry complying with statutory
I In accordance with customary procedure all objections were given
due consideration, and all statutory and regulatory requirements
were complied with.
PROVISIONS OF THE AMENDMENT
This amendment is the standard approved non-partnership non-
The Deputy Administartor in his final report to the National Indus-
trial Recovery Board on said amendment to said Code having found as
herein set forth and on the basis of all the proceedings in this matter:
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 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 organization of industry for the purpose
of cooperative action among trade groups, by inducing and maintain-
ing united action of labor and management under adequate govern-
mental sanction and supervision, by eliminating unfair competitive
practices, by promoting the fullest possible utilization of the present
productive capacity of industries, by avoiding undue restriction of
production (except as may be temporarily required), by increasing
the consumption of industrial and agricultural products through in-
creasing purchasing power, by reducing and relieving unemploy-
ment, by improving the standards of labor, and by otherwise rehabil-
(b) The Code as amended complies in all respects with the perti-
nent provisions of said Title of said Act, including without limita-
tion Subsection (a) of Section 3, Subsection (a) of Section 7, and
Subsection (b) of Section 10 thereof.
(c) The Code empowers the Code Authority to present the afore-
said amendment on behalf of the Industry as a whole.
(d) The amendment and the Code as amended 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 will not
operate to discriminate against them.
(f) Those engaged in other steps of the economics process have
dnt been deprived of the right to be heard prior to approval of said
For these reasons this amendment has been approved.
For the National Industrial Recovery Board:
W. A. HARRIMAN,
: Administrative officer.
-MAiRc 20, 1935.
AMENDMENT TO CODE OF FAIR COMPETITION FOR
THE SILK TEXTILE INDUSTRY
Article VI is hereby amended by the addition of a new section 6
which reads as follows:
Nothing contained in this Code shall constitute the members of
the Code Authority partners for any purpose. Nor shall any mem-
ber of the Code Authority be liable in any manner to anyone for
any act of any other member, officer, agent or employee of the Code
Authority. Nor shall any member of the Code Authority, exercis-
ing reasonable diligence m the conduct of the duties hereunder, be
liable to anyone for any action or omission to act under this Code,
except for his own wilful malfeasance or nonfeasance.
Approved Code No. 48-Amendment No. 6.
Registry No. 263-01.
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