NATIONAL RECOVERY ADMINISTRATION
CODE OF FAIR COMPETITION
AS APPROVED ON APRIL 19, 1935
WE j OOUR PART
.GOVERNMENT PRINTING OFFICE
j mtal by the SuperintedeD of Decumenls, Washington D.C. .- .- Price 6 con
'Code No. 16-Amendment No. 7
Registry No. 241-02
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Approved Code No. 16-Amendment No. 7
AMENDMENT TO CODE OF FAIR COMPETITION
As Approved on April 19, 1935
APPROVING AMENDMENT OF CODE OF FAIR COMPETITION FOR THE
An application having been duly made pursuant to end 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 of a Code of Fair Competition for the Hosiery Industry, and
hearings having been duly held thereon and the annexed report on
said amendment, containing finding 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; pro-
vided, however, that the method by which the members of the several
Advisory Committees provided for in Article IX, Section 2 of said
Code are selected shall be subject to the approval of the National
Industrial Recovery Board.
NATIONAL INDUSTRIAL RECOVERY BOARD,
By W. A. HARRIMAN, Administrative Officer.
M. D. VINCENT,
Acting Division Administrator.
WASHINGTON, D. C.,
April 19, 1935.
REPORT TO THE PRESIDENT
The WThite House.
SIR: This is a report on an amendment of the provisions of the
Code of Fair Competition for the Hosiery Industry which relate to
the method used by the Industry in approving recommendations made
by the Code Authority for improving the Code or improving the
results secured thereunder. This amendment was revised after a
Public Hearing held in Washington, July 9, 1934, and subsequently
submitted to the National Industrial Recovery Board after a proper
canvass of the opinion of the Industry, in accordance with the pro-
visions of the Code.
The Deputy Administrator in his final report to the National
Industrial Recovery 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 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
increasing purchasing power, by reducing and relieving unemploy-
ment, by improving standards of labor, and by otherwise rehabili-
(b) The Code as amended complies in all respects with the perti-
nent provisions of said Title of said Act, including without limitation
Subsection (a) of Section 3, Subsection (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 Industry as a whole.
(d) The amendment and the Code as amended are not designed to
and will not permit monopolies or monopolistic practice.
(e) The amendment and the Code as amended are not designed to
and will not eliminate or oppress small enterprises and will not oper-
ate 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, this amendment has been approved.
For the National Industrial Recovery Board:
W. A. HARRIMAN,
APRIL 19, 1935.
AMENDMENT TO CODE OF FAIR COMPETITION FOR THE
Article IX, Section 3, Sub-section (e) is hereby amended by
deleting the same and substituting in lieu thereof the following, so
that, as thus amended, said Article IX, Section 3, Sub-section (e)
shall read as follows:
(e) Submit to the National Industrial Recovery Board from time
to time such recommendations as, in its judgment, will have the
effect of improving the Code, or of improving the results secured
thereunder, any of which recommendations, when approved by the
National Industrial Recovery Board, shall have force and effect as
provisions of this Code. The Code Authority, before submitting
.-uch a recommendation, shall consult the opinions of the branch
Advisory Committees. Such opinions shall accompany a recom-
mendation when submitted to the National Industrial Recovery
Board for approval. In case a substantial division of opinion exists
within a branch Advisory Committee, such Committee shall canvass
the members of said branch and shall attach to its report the record
of the poll both by units and by productive capacity. Such recom-
mendations shall, among others, be of the following character:
Approved Code No. 1--Amendment No. 7.
Registry No. 241-02.
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