Approved Cade No. W m No. 1
I NATIONAL RECOVERY
Registry No. 1715-01
i ...i''"* -,
CODE OF PAIR COMPETITION
AS APPROVED ON AUGUST 21, 1934
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Approved Code No. 232-Amendment No. 1
AMENDMENT TO CODE OF FAIR COMPETITION
MERCHANDISE WAREHOUSING TRADE
As Approved on August 21, 1934
APPROVING AMENDMENT OF CODE OF FAIR' COMPITrrrON FOR THE
MERCHANDISE WAREHOUSING TRADE
An application having been duly made pursuant to and in full
compliance with the provisions of Title I of the Natiorial Industrial
Recovery Act, approved June 16, 1933, for approval of an amend-
ment to a Code of Fair Competition for the Merchandise Ware-
housing Trade, and notice of opportunity to file objections having
been published thereon, and the annexed report on said amendment
contaiing 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 an-
nexed report and do find that said amendment and the Code as con-
stituted 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
HUGH S. JOHNSON,
Administrator for Industrial Recovery.
WILLIAM P. FARNSWORTH,
Acting Division, Administrator.
August 21, 1934.
REPORT TO THE PRESIDENT
The White Ho.se.
SIR: This is a report on an amendment to the Code of Fair Com-
petition for the Merchandise Warehousing Trade. The amendment
was submitted by the Code Authority for said Trade and was pub-
lished on June 27, 1934. Opportunity to file Objections was afforded
all interested parties, and during the period designated to permit
such opportunity, no objections were received.
The amendment was submitted by the Code Authority in accord-
ance with your Order of April 14, 1934.
In final form this amendment has been approved by the Industrial
Advisory Board, the Labor Advisory Board, the Consumers' Ad-
visory Board, the Research and Planning Division and the Legal
Division of the National Recovery Administration.
The Deputy Administrator in his final report to me on the 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 ob-
struction 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 industries, by avoiding undue restriction 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 unemploy-
ment, by improving standards of labor, and by otherwise rehabili-
(b) The Code as amended complies in all respects with the per-
tinent 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 any other steps of the economic process
have not been deprived of the right to be heard prior to approval of
For these reasons, this amendment has been approved.
HUGH S. JOH.NSON,
AUGUST 21, 1934.
AMENDMENT TO CODE OF FAIR COMPETITION FOR
THE MERCHANDISE WAREHOUSING TRADE
The Code of Fair Competition for the Merchandise Warehousing
Trade shall be modified by deleting Section 3 of Article VI, and
inserting in lieu thereof:
"Section 3. (A) It being found necessary in order to support the
administration of this Cod and to maintain the standards of fair
competition established hereunder 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 for its estimated expenses for the foregoing
purposes, and (2) an equitable basis upon which the funds neces-
sary to support such budget shall be contributed by members of
(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.
(B) 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 regu-
lations pertaining thereto issued by the Administrator. Only mem-
bers 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 par-
ticipate 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 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 ex-
cept those which the Administrator shall have so approved.
Approved Code No. 232-Amendment No. 1.
Registry No. 1715-01.
UNIVERSITY OF FLORIDA
3 1262 08584 7704
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