Amendment to code of fair competition for the machine tool and equipment distributing trade as approved on July 31, 1934

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Material Information

Title:
Amendment to code of fair competition for the machine tool and equipment distributing trade as approved on July 31, 1934
Portion of title:
Machine tool and equipment distributing trade
Physical Description:
4 p. : ; 24 cm.
Language:
English
Creator:
United States -- National Recovery Administration
Publisher:
U.S. Government Printing Office
Place of Publication:
Washington, D.C
Publication Date:

Subjects

Subjects / Keywords:
Machine-tool industry -- 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:
"Approved Code No. 139--Amendment No. 1."
General Note:
"Registry No. 1149-12."

Record Information

Source Institution:
University of Florida
Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
aleph - 004931673
oclc - 63655361
System ID:
AA00008102:00001

Full Text





NATIONAL RECOVERY ADMINISTRATION




AMENDMENT TO
CODE OF FAIR COMPETITION
FOR THE

MACHINE TOOL AND EQUIPMENT

DISTRIBUTING TRADE


AS APPROVED ON JULY 31,1934


UNITED STATES
GOVERNMENT PRINTING OFFICE
WASHINGTON 1934


br rae by the Superl3teden t of Documenti. Washinton, D.C. .- Price 5 cents


Approved Code No. 139-Amendment No. 1


Registry No. 1149-12
























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Approved Code No. 139-Amendment No. 1


AMENDMENT TO CODE OF FAIR COMPETITION
FOR THE

MACHINE TOOL AND EQUIPMENT DISTRIBUTING
TRADE

As Approved on July 31, 1934


ORDER
APPROVING MODIFICATION OF CODE OF FAIR COMPETITION FOR THN
MACHINE TOOL AND EQUIPMENT DISTRIUTING 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 a modifica-
tion to a Code of Fair Competition for the Machine Tool and Equip-
ment Distributing Trade, and Notice of Opportunity to Be Heard
having been given and the annexed report on said modification, 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
President, including Executive Order 6543-A, dated December 30
1933, and otherwise, do hereby incorporate by reference, said annexed
report and do find that said modification and the Code as constituted
after being modified 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 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, such approval and such modification to take effect ten
(10) days from the date hereof, unless good cause to the contrary is
shown to the Administrator before that time and the Administrator
issues a subsequent order to that effect.
HUGH S. JOHNSON,
Administrator for Industrial Recavery.
Approval recommended:
BARTON W. MURRAY,
Division Administrator.
WASHINGTON, D.C.,
July 31, 1934.
77406--1044-3--34 (1











REPORT TO THE PRESIDENT


The PRESIDENT,
The White Hause.
SIR: This is a report on the Modification of the Code of Fair Com-
petition for the Machine Tool and Equipment Distributing Trade to
include Executive Order 6679 of April 14, 1934 relating to collection
of expenses of code administration. This Modification was proposed
in accordance with Article VIIT of the Code, approved November 27,
1933 and Notice of Opportunity to Be Heard was given from June
9 to June 23, 1934.
FINDINGS
The Deputy Administrator in his final report to me on said Mod-
ification of said Code having found as herein set forth and on the
basis of all the proceedings in this matter:
I find that:
(a) The modification of said Code and the Code as modified 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 geriral wel-
fare by promoting the organization of industry for the purpose of
cooperative 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 in-
creasing purchasing power, by reducing and relieving unemployment,
by improving standards of labor, and by otherwise rehabilitating
industry.
(b) The Code as modified complies in all respects with the perti-
nent provisions of said Title of said Act, including without limitation
sub-section (a) of Section 3, sub-section (a) of Section 7 and sub-
section (b) of Section 10 thereof.
(c) The modification and the Code as modified are not designed to
and will not permit monopolies or monopolistic practices.
(d) The modification and the Code as modified 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
modification.
For these reasons, these Modifications have been approved by me,
subject however to a ten day stay in the order of approval.
Respectfully,
HUGH S. JOHNSON,
JULY 31, 1934. Administrator.












MODIFICATION OF -CODE OF FAIR COMPETITION,
MACHINE TOOL AND EQUIPMENT DISTRIBUTING
TRADE
Pun~rosx
Pursuant to Article VII of the Code of Fair Competition for the
Machine Tool and Equipment Distributing Trade, duly approved by
the Administrator on November 27, 1933, and further to effectuate
the policies of Title I of the National Industrial Recovery Act, the
following modification is established as a part of said Code of Fair
Competition and shall be binding upon every member of the Ma-
chine Tool and Equipment Distributing Trade.
MODIFICATION
Modify Article V by deleting Section 5, and substituting in lieu
thereof the following:
SECTION 6. (1) It being found necessary in order to support the
administration 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:
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
Industry:
c. 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.
(2) 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
Administration.






4

(3) 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 Ad-
ministrator; 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.
(4) Any member of the Trade may become a member of the
Associated Machine Tool Dealers, and there shall be no inequitable
restrictions on such membership.
Approved Code No. 139-Amendment No. 1.
Registry No. 1149-12.
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