Approved Code No. 299-Amendment No. I Registry No. 1716-01
NATIONAL RECOVERY ADMINISTRATION
CODE OF FAIR COMPETITION
AS APPROVED ON APRIL 1, 1935
I I 0:
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Approved Code No. 299-Amendment No. 1
Registry No. 1715-01
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Approved Cod. No. 299-Amendment No. 1
AMENDMENT TO CODE OF FAIR COMPETITION
ACADEMIC COSTUME INDUSTRY
As Approved on April 1, 1935
APPROVING AMENDMENT OF CODE OF FAIR COMPETITION FOR THE
ACADEMIC COSTU ME INDUSTRY
An application having been duly made pursuant to and in full com-
pliance 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 Academic Costume In-
dustry, and a notice of opportunity to be heard being issued simul-
taneously with this recommendation, 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, the National Industrial Recovery Board, pursuant to author-
ity vested in it by Executive Orders of the President, including
Executive Order No. 6859, and otherwise, does hereby incorporate,
by reference, said annexed report and does 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 does hereby order that
said amendment be and it is hereby approved, and that the previ-
ous approval of said Code is hereby modified to include an approval
of said Code in its entirety as amended, such approval and such
amendment to take effect twenty (20) days from the date hereof,
unless good cause to the contrary is shown to the National Industrial
Recovery Board before that time and the National Industrial Recov-
ery Board issues a subsequent order to that effect.
NATIONAL INDUSTRIAL RECOVERY BOARD,
By W. A. HARRIMAN, Administrative Officer.
PRENTISS L. COONLEY,
Division A dm in istrator.
WASHINGTON, D. C.,
April 1, 1935.
1257551 -1749-13--35 (1)
REPORT TO THE PRESIDENT
The IWhite House.
SIR: This is a report on an amendment to the Code of Fair
Competition for the Academic Costume Industry.
Article V was amended by deleting paragraph (a) of Section 1
and substituting a new paragraph therefore, making payment of
assessments mandatory on members of the industry.
An opportunity to be heard will be afforded all interested parties
and all objections will be carefully considered by the National
Industrial Recovery Board. The National Industrial Recovery
Board has carefully considered the reports of the Industrial Advisory
Board, Labor Advisory Board, Consumers' Advisory Board, Re-
search and Planning Division and the Legal Division of the National
Recovery Administration, which were made on this amendment.
The Deputy Administrator in his final report to the National
Industrial Recovery Board on said amendment to said Code, having
found as herein set forth and on the basis of all the proceedings in
It finds 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 of labor and management under
adequate 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 tempo-
rarily required), by increasing the consumption of industrial and
agricultural products through increasing purchasing power, by re-
ducing and relieving unemployment, by improving standards of
labor, and by otherwise rehabilitating industry.
(b) The Code, as amended, complies in all respects with the per-
tinent 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 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 industries 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 effective date of
For the above reasons, this ameni.ment has been approved.
For the National Industrial Recovery Board:
W. A. HARRIMAN,
APIL 1, 1935.
AMENDMENT TO CODE OF FAIR COMPETITION FOR THE
ACADEMIC COSTUME INDUSTRY
Amend Article V by deleting Paragraph (e) of Section 1 and
substituting the following:
(e) 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
roper 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 National Industrial Recovery Board for its
approval, subject to such notice and opportunity to be heard as it
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;
(2) After such budget and basis of contribution have been ap-
proved by the National Industrial Recovery Board, to determine and
obtain equitable contributions as above set forth by all members of
the Industry, and to that end, if necessary, to institute legal proceed-
ings therefore in its own name.
(4) Each member of the Industry shall pay his or its equitable
contribution to the expenses of the maintenance of the Code Author-
ity, determined as hereinabove provided, and subject to rules and
regulations pertaining thereto issued by the National Industrial
Recovery Board. Only members of the Industry complying with the
Code and contributing to the expenses of its administration as here-
inabove provided, (unless duly exempted from making such contri-
bution) shall be entitled to participate in the selection of members
of the Code Authority or to receive the benefits of any of its volun-
tary activities or to make use of an emblem or insignia of the
National Rerovery Ad ministration.
(5) 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 con-
tained in the approved budget, except upon approval of the National
Industrial Recovery Board; and no subsequent budget shall contain
any deficiency item for expenditures in excess of prior budget esti-
mates except those which the National Industrial Recovery Board
shall have so approved.
Delete Paragraph (g) of Section 2 of Article V.
Approved Code No. 299-Amendment No. 1.
Registry No. 1716-01.
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