d Code 1*.. 309-Amendment No. 1 Registry No. 219-01
NATIONAL RECOVERY ADMINISTRATION
CODE OF FAIR COMPETITION
SSOLID BRAIDED LORDi
AS APPROVED ON SEPTEMBER 13, 1934
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. Code No.309-Amendmeft No. 1
Registry No. 219--01
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Approved Code No. 309-Amendment No. 1
AMENDMENT TO CODE OF FAIR COMPETITION
SOLID BRAIDED CORD INDUSTRY
As Approved on September 13, 1934
CODE OF FAIR COMPETITION FOR THE SOLID BRAIDED CORD INDUSTRY
An application having been duly made pursuant to and in full
compliance with the provisions of Title I of the National Indus-
trial Recovery Act, approved June 16, 1933, for approval of an
amendment to a Code of Fair Competition for the Solid Braided
Cord Industry, and hearing 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.
HUGH S. JOHNSON,
Administrator for Industrial Recovery.
PRENTISS L. COON LEY,
Acting Division Administrator.
September 13, 1934.
REPORT TO THE PRESIDENT
The WIAite House.
SIR: This is a report on an amendment to the Code of Fair Com-
petition for the Solid Braided Cord Industry. Notice of Oppor-
tunity to be Heard on this amendment was published on June 18,
1934; no objections were received within the given fifteen (15) day
period ending July 3, 1934. The amendment, which is attached, was
presented by duly qualified and authorized representatives of the
Industry, complying with statutory requirements and being the duly
constituted Code Authority under the provisions of the said Code for
This amendment provides for assessment of the members of the
Solid Braided Cord Industry to defray the expenses of the Code
Authority as set forth in Executive Order No. 6678, dated April
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) 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 of labor and management under adequate
governmental sanction and supervision, by eliminating unfair com-
petitive practices, by promoting the fullest possible utilization of the
present productive capacity of industries, by avoiding undue re-
striction 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
unemployment, by improving standards of labor, and by otherwise
(b) The Code as amended complies in all respects with the perti-
nent provisions of said Title of said Act, including without limi-
tation sub-section (a) of Section 3, sub-section (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 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.
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(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 those reasons the amendment has been approved.
HUGH S. JOHNSON,
SEPTEMBER 13, 1934.
AMENDMENT TO CODE OF FAIR COMPETITION FOR THE
SOLID BRAIDED CORD INDUSTRY
Article IX, Section 8 and Section 9, of the Code of Fair Competi-
tion for the Solid Braided Cord Industry shall be amended to read
8. (a) It being found necessary in order to support the adminis-
tration of this Code and to maintain the standards of fair compe-
tition established hereunder and to effectuate the policy of the Act,
the Code Authority is authorized:
(1) 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;
(2) To submit to the Administrator for his approval, subject to
such notice and opportunity to be heard as he may deem necessary
(1) an itemized budget of its estimated expenses for the foregoing
purposes, and (2) an equitable basis upon which the funds necessary
to support such budget shall be contributed by members of the
(3) After such budget and basis of contribution have been ap-
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.
(b) Each member of the Industry shall pay his or its equitable
contribution to the expenses of the maintenance of the Code Au-
thority, determined as hereinabove provided, and subject to rules
and regulations pertaining thereto issued by the Administrator.
Only members of the Industry complying with the Code and con-
tributing to the expenses of its administration as hereinabove pro-
vided, unless duly exempted from making such contributions, shall
be entitled to participate in the selection of members of the Code
Authority or to receive the benefits of any of its voluntary activities
or to make use of any emblem or insignia of the National Recovery
9. (a) The Code Authority shall neither incur nor pay any obli-
gations substantially in excess of the amount thereof as estimated in
its approved budget, and shall in no event exceed the total amount
contained in the approved budget, except upon approval of the
Administrator; and no subsequent budget shall contain any defi-
ciency item for expenditures in excess of prior budget estimates
except those which the Administrator shall have so approved.
Approved Code No. 309-Amendment No. 1.
Registry No. 219-01.
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