NATIONAL RECOVERY ADMINISTRATION
: NATIONAL RECOVERY ADMINISTRATION
CODE OF FAIR COMPETITION
r FOR THE
i: MANUFACTURING INDUSTRY
APPROVED ON JULY 20,1934
AS APPROVED ON JULY 20, 1934
GOVERNMENT PRINTING OFFICE
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lpl:l 145-Amendment No. 3
Registry No. 312-1-10
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i Approved Code No. 145--Amendment No. 3
AMENDMENT TO CODE OF FAIR COMPETITION
FURNITURE MANUFACTURING INDUSTRY
As Approved on July 20, 1934
APPROvING AMENDMENT OF CODE OF FAIR COMPETITION FOR THE
FURNITURE MANUFACTURING 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 amendment
to a Code of Fair Competition for the Furniture Manufacturing In-
dustry, and notice of opportunity to be heard thereon having been
issued, and the annexed report on said amendment, containing
findings with respect thereto, having been made and directed to the
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 Erecutive 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 perti-
nent 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.
BaRToN W. MURRY,
July SO, 1934.
REPORT TO THE PRESIDENT
The White House.
SIR: This is a report on the amendment of the Code of Fair Com-
petition for the Furniture Manufacturing Industry as approved by
me December 7, 1933. Application was made under date of April
20, 1934, by the Code Authority for the Furniture Manufacturing
Industry, for amendment of the provisions of Article VIII, Section
7 of the Code. Fair notice of opportunity to be heard on this pro-
posed amendment was given to all interested parties.
By the insertion of the phrase, or ten days after arrival at desti-
nation", this amendment would permit the same terms of sale for
shipments taking more than thirty days in transit as are now per-
mitted all other shipments, namely, "net sixty days or two per cent
cash discount within thirty days ".
This amendment does not in any way affect the labor provisions of
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 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 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 perti-
nent provision of said Title of said Act, including without limitation
subsection (a) of Section 3, subsection (a) of Section 7, and sub-
section (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 ba heard prior to approval of said
I believe the amendment to be fair to labor, to the consumer, and
to the industry, and for these reasons, therefore, I have approved
HUGH S. JOHNSON,
JULY 20, 1934.
AMENDMENT TO CODE OF FAIR COMPETITION FOR
THE FURNITURE MANUFACTURING INDUSTRY
Article VIII, Section 7, first paragraph of the Code of Fair Com-
petition for the Furniture Manufacturing Industry, shall be and
ereby is amended to read as follows:
Terms of Sale.-Selling on more favorable terms than net 60
days or 2% cash discount within 30 days from date of shipment, or
10 days after arrival at destination; provided, that where it is the
practice of the buyer to make monthly settlement of all invoices, the
manufacturer may allow the deduction of the cash discount if pay-
ment is made not later than the 15th of the calendar month following
the date of shipment."
I Approval Code No. 145-Amendment No. 3.
Registry No. 312-1-10.
UNIVERSITY OF FLORIDA
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