Amendment to code of fair competition for the foundry supply industry as approved on August 24, 1934

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Material Information

Title:
Amendment to code of fair competition for the foundry supply industry as approved on August 24, 1934
Portion of title:
Foundry supply 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:
Foundries -- Equipment and supplies -- 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. 1112-01."
General Note:
"Approved Code No. 261--Amendment No. 1."

Record Information

Source Institution:
University of Florida
Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
aleph - 004952674
oclc - 63655188
System ID:
AA00008035:00001

Full Text





NATIONAL RECOVERY ADMINISTRATION



AMENDMENT TO

CODE OF FAIR COMPETITION
FOR THE

FOUNDRY SUPPLY INDUSTRY


AS APPROVED ON AUGUST 24, 1934


WE DO OUR PART


UNITED STATES
GOVERNMENT PRINTING OFFICE
WASHINGTON: 1934


For sale by the Superintendent of Documehts, Washington, D.C. Price 5 cents


UNIV. OF FL LII.
iUUEiNTS DEPOT.



U.S, BEPOffTORY


Approved Code No. 261-Amendment No. 1


Registry No. 1112-01


MMRA
^& MEMBER 'A
























T'lis publication is for sale by the Superintendent of Documents, Government
Priiting Office. Washington, D.C., and by district offices of the Bureau of
Foreign and Domestic Ccmmerce.
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Approved Code No. 261-Amendment No. 1


AMENDMENT TO CODE OF FAIR COMPETITION
FOR THE

FOUNDRY SUPPLY INDUSTRY

As Approved on August 23, 1934


ORDER

APPROVING AMENDMENT TO CODE OF FAIR COMPETITION FOR TIH
FOUNDRY SUPPLY 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 an amend-
ment to a Code of Fair Competition for the Foundry Supply Indus-
try, and an opportunity to be heard having been duly afforded all
interested parties, and the annexed report on said amendment con-
taining 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-
nexed 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.
Approval recommended.
BARTON W. MURRAY,
Division Administrator.
WASHINGTON, D.C.,
August 4, 1934.
82316--1044-118--34 t 1












REPORT TO THE PRESIDENT


The PRESIDENT,
The White House.
SIR: This is a report on the amendment to the Code of Fair
Competition for the Foundry Supply Industry, and an opportunity
to be heard was afforded all interested parties. This amendment,
which is attached, was presented by the Code Authority.
The Code of Fair Competition for the Foundry Supply Industry
provides in Article IX, Section 2. that:
This Code, except as to provisions required by the Act, may be
modified on the basis of experience or changes in circumstances,
such modifications to be based upon application to the Administrator
and such notice of hearing as he shall specify, and to become effective
on approval of the Administiator."
This amendment provides that sub-paragraphs (b) and (c), and
the last sentence of sub-paragraph (j), of Section 2 of Article VI
be deleted and the insertion of certain provisions to facilitate the
collection from each member of the Industry of his or its equitable
contribution of the expenses of the maintenance of the Code Au-
thority subject to such rules and regulations pertaining thereto
issued by the Administration.

FINDINGS

The Assistant 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
obstructions 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 maintaining united action of labor and management under ade-
quate governmental 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 prod-
ucts through increasing purchasing power, by reducing and relieving
unemployment, by improving standards of labor, and by otherwise
rehabilitating industry.
(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 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.
(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
amendment.
For these reasons, therefore, I have approved this amendment.
Respectfully,
HUGH S. JOHNSON,
Administrator.
AUGUST 24, 1934.












AMENDMENT TO CODE OF FAIR COMPETITION FOR
THE FOUNDRY SUPPLY INDUSTRY

Amend Article VI, Section 2, by deleting the last sentence of sub-
paragraph (j); and further amend Article VI, Section 2, by delet-
ing subparagraphs (b) and (c) and substituting in lieu thereof
the following:
(b) It being found necessary in order to support the administra-
tion of this code and to maintain the standards of fair competition
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
(a) an itemized budget of its estimated expenses for the foregoing
purposes, and (b) an equitable basis upon which the funds necessary
to support such budget shall be contributed by members of the
industry;
3. After such budget and basis of contribution have been approved
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.
4. Each member of the industry shall pay his or its equitable
contribution to the expense of the maintenance of the Code Author-
ity, 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 contributing
to the expenses of its administration as hereinabove provided, un-
less duly exempted from making such contributions, shall be en-
titled to participate in the selection of members of the Code Author-
ity 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.
(c) The Code Authority shall neither incur nor pay any obliga-
tion 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. 261-Amendment No. 1.
Registry No. 1112-01.
(4)
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