Amendment to code of fair competition for the hosiery industry as approved on June 7, 1934

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Material Information

Title:
Amendment to code of fair competition for the hosiery industry as approved on June 7, 1934
Portion of title:
Hosiery industry
Physical Description:
4 p. : ; 24 cm.
Language:
English
Creator:
United States -- National Recovery Administration
Publisher:
United States Government Printing Office
Place of Publication:
Washington, D.C
Publication Date:

Subjects

Subjects / Keywords:
Hosiery industry -- Law and legislation -- United States   ( lcsh )
Genre:
federal government publication   ( marcgt )
non-fiction   ( marcgt )

Notes

General Note:
Cover title.
General Note:
At head of title: National Recovery Administration.
General Note:
"Registry No. 241-02."
General Note:
"Approved Code No. 16--Amendment No. 3."

Record Information

Source Institution:
University of Florida
Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
aleph - 005043026
oclc - 63654315
System ID:
AA00007975:00001

Full Text







NATIONAL RECOVERY ADMINISTRATION





AMENDMENT, TO '
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CODE OF FAIR COMPETITION


FOR THE


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0SIERY INDUSTRY


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AS APPROVED ON JUNE 7, 1934


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WE Do OUR PART


UNITED STATES
GOVERNMENT PRINTING OFFICE
WASHINGTON: 1934


igton, D.C. Prke ents


No. 16-Amendment No. 3


Registry No. 241--02


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This publication ig for Vale by the upe(rintendept of Documelnt, Go .men
Printing Ofice, Washington,ID,f0t and by district offices of the 04reau-o f
Foreign and Demes' e Commere."
DISTRICT OFFICES OF THE DEPARTMENT OF COMMERCE
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Printing Charleston, B.C.: Chamber of Commerce Building.ces of the reau



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Foreign andCleveland, Ohio: Chamber of Commerce.
DISTRICT OFFICES OF THE DEPARTMENT OF COMMERCE ,H



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Approved Code No. 16--Amendment No. 3
AMENDMENT TO CODE OF FAIR COMPETITION
FOR THE

HOSIERY INDUSTRY

S As Approved on June 7, 1934


ORDER

l, pMrDIFICATION OF CODE OF FAIR COMPETITION FOR THE HOSIERY
INDUSTRY
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 a modifica-
tion of a Code of Fair Competition for the Hosiery Industry, and
hearings having been duly held thereon and the annexed report on
said modification, 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 an-
-hexed report and do find that said modification and the Code as con-
stituted after being modified comply in all respects with the perti-
nent provisions and will promote the policy and purposes of said
Title of said Act, and do hereby order that said modification 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 modified.
HUGH S. JOHNSON,
Administrator for Industrial Recovery.
Approval recommended:
.H0. 0. KING,
vision, Administrator.
W WASHINGTCro, D.C., .
June 7, 1934.
85884"--6577----34 (1)














REPPOT. TO THE PRESIDENT
The PRESIDENT,
The White House.
SIR: This is a report on Mthe eating covering the Amendments
to the Code of Fair Competition for the Hosiery Industry, held in
Room "D ", Washington Hotel, Washington, D.C., Monday, May
14, 1934. The Amendments which are attached were presented by
duly qualified and authorized representatives of the Code Authority
of the Hosiery Industry, complying with statutory requirements and
being the agency that is administering the Code.
In accordance with customary procedure every person who had
filed a request for appearance was freely heard in public, and-all
statutory and regulatory requirements were complied with.
PROVISIONS OF THE AMENDMENTS

There are two amendments as follows:
1. An amendment removing from the jurisdiction of the Hosiey
Code, wholesalers of hosiery.
2. An amendment giving the Code Authority power, in ease of
emergency, to establish a "lowest reasonable cost" below which it
would be an unfair trade practice for any member of the Industry;to
sell his products.
FINDINGS

The Deputy Administrator in his final report to me on said amend-
ments to said Code, having found as herein set forth and on the basis
of all the proceedings in this matter:
I find that:
(a) The amendments 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 obstrue-
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 main-
taining united action of labor and management under adequate gov-
ernmental sanction and supervision, by eliminating unfair coihpeti-
tive practices, by promoting the fullest possible' utilization :ofthe
present productive capacity of industries, by .avoiding undue restric-
tion of production (except as may be temporarily required), by in-
creasing the consumption of industrial and agricultural products
through increasing purchasing power, by reducing and relieving
unemployment, by improving the standards of labor, and by other-
wise rehabilitating industry.
(2)









(b) The Code as amended complies in all respects with the per-
tinent provisions of said Title of said Act, including without limi-
tation 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-
ft& a'e dnrieuts on behalf of the Industry as a whole.
(d) The amendments and-the Code as amended are not designed
to and will not permit monopolies or monopolistic practices.
(e) The amendments and the Code as amended are not designed
:t. and will net .eliminate or oppress small enterprises and will not
operatee to discriminate against them.
(f) Those engaged in other steps of the economic process have
.ot:been deprived of the right to be heard prior to approval of said
ytmendmuents. 1:
For these reasons these amendments have been approved.
S Respectfully,
HUGH S. JOHNSON,
Administrator.
Jua 7, 1934.





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MODIFICATION OF CODE OF FAIR COMPETITION FQO
THE HOSIERY INDUSTRY

Amend ARTICL II-DEf-rnTONS, Section 1 by removing the words
"wholesalers and so that the amended section will read as follows:
1. The term "Hosiery Industry', as used herein, includes ,tie
manufacturing, finishing, repairing, selling, and/or distributing by
manufacturers at wholesale or retail, or distributing by selling
agents, of hosiery, and other related branches, as may from timeito
time be included under the provisions of this Code.
Amend ARTICLE IX-COORDINATION AND ADMINISTRATION by add-
ing a new section to read as follows:
5. (a) When the Code Authority determines that an emergency
exists in this Industry and that the cause thereof is destructive price-
cutting such as to render ineffective or seriously endanger the main-
tenance of the provisions of this Code, the Code Authority may cause
to be determined the lowest reasonable cost of the products of this
Industry, such determination to be subject to such notice and hearing
as the Administrator may require. The Administrator may approve,
disapprove, or modify the determination. Thereafter, during the
period of the emergency, it shall be an unfair trade practice for any
member of the Industry to sell or offer to sell any products of the
Industry, for which the lowest reasonable cost has been determined,
at such prices or upon such terms or conditions of sale that the buyer
will pay less therefore than the lowest reasonable cost of such pro-
ducts.
(b) When it appears that conditions have changed, the Code Au-
thority, upon its own initiative or upon the request of any interested
party, shall cause the determination to be reviewed.
Approved Code No. 16-Amendment No. 3.
Registry No. 241-02.
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