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NATIONAL RECOVERY ADMINISTRATION
CODE OF FAIR COMPETITION
AS APPROVED ON AUGUST 1, 1934
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WE DO OUR PART
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GOVERNMENT PRINTING OFFICE
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AMENDMENT TO CODE OF FAIR COMPETITION
As Approved on August 1, 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 Throwing Industry, and
hearings 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, I, Hugh S. Johnson, Administrator for Industrial Recovery,
pursuant to authority vested in me by Executive Orders of the
President, 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 provisions 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 Industrial Recovery.
ROBERT L. HOUSTON,
.n- n'Aug4 1,. 1934.
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Approved Code No. 54-Amendment No. 3
The W white H house. ,* ; '. ,: ..!: ::-
Smi: The attached modification of Section 4 of the Code of Fair
Competitiloi for the Throwing: Tndigtr' ltia.9 bien i tiade s;i 'tlit the
Code Administration Committee may assess members of the Industry
for the purpose of raising funds td nieet the costs of administration.
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The Deputy Administrator in: his final report to me on said
amendment of said Code having found as herein set forth and on
the basis of all the proceedings in this matter:
I find that:
(a) The amendment of 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 will provtidefor
the general welfare by promoting the organization of industry 'for
the purpose of cooperative action among trade groups, by inducif.
and maintaining united action of labor and management' -inder
adequate governmental sanction and supervision, --by eliminatth
unfair competitive practices, by promoting the fullest possible utili-
zation of the present productive ,capacity 'of industries by avoiding
undue' restriction of production (except as may "be tempornr rily
required), by increasing the consumption of industrial and agri ".-
tural products through increasing purchasing power, by reducing
and relieving unemployment, by improving standards of labor, aid
by otherwise rehabilitating industry.
(b) The Code 'as amended complies in all respects with thie
pertinent provisions of said Title of said -Act, including WTthout
limitation Subsection (a) Of Section,3, Subsectioa '(a) Section'-n a- l:
Subsection (b) of Sectioh' 10 thereof.
. (c) The Code empowers' theCodd :Administration' Committeeo :
present the aforesaid amehdinent on behalf of the'Industry is'
(d) The amendment and 'the' Code as amended ,re hot deMig~iedatb.
and will not permit monopolies or mnidpolisti& priactides. :
(e) The amendment and the Cbde as amended -arei'i ot dIsigIJI l
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.econo Qf1. ,Jpcs. 4aynot:,i
been deprived of the right to be heard prior tp approvral f iA sidi
For these reasons, this amendment has been approvId&. "
Respectfully, .. ,. :
Su'Hai S. JOHNr soN,
AUGUST 1, 1934.
AMENDMENT TO CODE OF FAIR COMPETITION FOR
THE THROWING INDUSTRY
I Sections 4(c) and 4(h) (4) of the Code of Fair Competition for
the Throwing Industry, as amended on April 19, 1934, shall be de-
leted and the following Section inserted in the place of Section 4(c):
"(c) 1. It being found necessary in order to support the adminis-
tration of this Code and to maintain the standards of fair competi-
tion established hereunder and to effectuate the policy of the Act, the
.Code Administration Committee is 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 Administrator for his approval, subject
S to such notice and opportunity to be heard as he may deem neces-
sary (1) an itemized budget of its estimated expenses for the fore-
going purposes, and (2) an equitable basis upon which the funds
necessary to support such budget shall be contributed by members
of the Industry:
": (c) After such budget and basis of contribution have been ap-
S proved by the Administrator, to determine and obtain equitable
contribution as above set forth by all members of the Industry, and
to that end, if necessary, to institute legal proceedings therefore in
its own name.
"2. Each member of the Industry shall pay his or its equitable
; contribution to the expenses of the maintenance of the Code Admin-
S istration Committee determined as hereinabove provided, and sub-
ject to rules and regulations pertaining thereto issued by the Ad-
ministrator. Only members of the Industry complying with the
Code and contributing to the expenses of its administration as here-
inabove provided, unless duly exempted from making such contri-
butions, shall be entitled to participate in the selection of members
of the Code Administration Committee or to receive the benefits of
any of its voluntary activities or to make use of any emblem or
insignia of the National Recovery Administration.
"3. The Code Administration Committee shall neither incur nor
pay any obligation in excess of the amount thereof as estimated in
its approved budget except upon approval of the Administrator;
and no subsequent budget shall contain any deficiency item for ex-
penditures in excess of prior budget estimates except those which
Sthe Administrator shall have so approved.
4. In voting for the Code Administration Committee each em-
p -ployer in this Industry, complying with the above requirements,
II shall have one vote for each 5,000 spindles or fraction thereof oper-
i' 'ated by him and registered with the Code Administration Com-
S Approved Code No. 54-Amendment No. 3.
Registry No. 274-1-01.
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UNIVERSITY OF FLORIDA
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