NATIONAL RECOVERY ADMINISTRATION
CODE OF FAIR COMPETITION
RETAIL LUMBER, LUMBER PRODUCTS
BUILDING MATERIALS, AND
BUILDING SPECIALTIES TRADE
AS APPROVED ON JULY 18, 1934
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Approved Code No. 33-Amendment No. 2
Registry No. 313-04
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Approved Code No. 33-Amendment No. 2
AMENDMENT TO CODE OF FAIR COMPETITION
RETAIL LUMBER, LUMBER PRODUCTS, BUILDING
MATERIALS AND BUILDING SPECIALTIES
As Approved on July 18, 1934
CODE OF FAIR COMPETITION FOR THE RETAIL LUMBER, LUMBER PROD-
uCTS, BUILDING %MATERIALS AND BUILDING SPECIALTIES TRADE
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 the Code of Fair Competition for the Retail Lumber. Lum-
ber Products, Building Materials and Building Specialties Trade. an
opportunity to be heard thereon having been duly afforded to all
interested parties, and any objections filed having been duly consid-
ered, 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 Presi-
dent, including Executive Order number 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 pro-
visions 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
HUGH S. JOHNSON,
Administrator for Industrial Recovery.
BARTON W. MURRAY,
July 18, 1934.
REPORT TO THE PRESIDENT
The White Ho-use.
Sm: An application has been duly made pursuant to and in full
compliance with the provisions of the National Industrial Recovery
Act, for an amendment to the Code of Fair Competition for the
Retail Lumber. Lumber Products, Building Materials and Building
Specialties Trade, submitted by the Code Authority of the Code of
Fair Competition for the Retail Lumber, Lumber Products, Building
Materials and Building Specialties Trade.
The purpose and effect of the amendment are to authorize the
Code Authority to submit a budget and method of assessment upon
which funds shall be contributed by members of the Trade.
The Deputy Administrator in his final report to me on said
amendment 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 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 the industries, by avoiding undue restrictions
of production (except as may be temporarily required), by increas-
ing 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 rehabilitat-
(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 amendment and the Code as amended are not designed
to and will not permit monopolies or monopolistic practices.
(d) 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.
(e) 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, therefore, I have approved this Amendment.
HUHo S. JOHNSON,
JuLr 18, 1934.
AMENDMENT TO CODE OF FAIR COMPETITION FOR
THE RETAIL LUMBER, LUMBER PRODUCTS, BUILD-
ING MATERIALS AND BUILDING SPECIALTIES TRADE
Strike out paragraphs 4 and 5 of Section 7 of Article VII, and
substitute therefore the following:
1. It being found necessary, in order to support the administra-
tion of this Code and to maintain the standards of fair competition
established by this Code and to effectuate the policy of the Act, the
Code Authority 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 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
(c) 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 Trade, and
to that end, if necessary, to institute legal proceedings therefore in
its own name;
(d) Each member of the Trade shall pay his or its equitable con-
tribution to the expenses of the maintenance of the Code Authority,
determined as hereinabove provided, and subject to rules and reg-
ulations pertaining thereto issued by the Administrator. Only
members of the Trade complying with the Code and contributing
to the expenses of its administration as hereinabove provided, 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
2. The Code Authority 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 expenditures in excess
of prior budget estimates except those which the Administrator shall
have so approved.
Approved Code No. 33-Amendment No. 2.
Registry No. 313-04.
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