Amendment to code of fair competition for the alloy casting industry as approved on September 27, 1934

NATIONAL RECOVERY ADMINISTRATION




AMENDMENT TO

CODE OF FAIR COMPETITION

FOR THE


ALLOY CASTING INDUSTRY


AS APPROVED ON SEPTEMBER 27, 1934


UNITED STATES
GOVERNMENT PRINTING OFFICE
WASHINGTON: 1934


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


- -1


Approved Code No. 237-Amendment No. 3


Registry No. 1201-1--02























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Approved Code No. 237-Amendment No. 3


AMENDMENT TO CODE OF FAIR COMPETITION
FOR THE

ALLOY CASTING INDUSTRY

As Approved on September 27, 1934


ORDER

APPROVING AMENDMENT TO CODE OF FAIR COMPETITION FOR THE
ALLOY CASTING 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 Alloy Casting Industry,
and opportunity to be heard thereon having been duly noticed to 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 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
as amended, such approval and such amendment 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.
HUcir S. JOHNSON,
Admn;b sifrator for Industrial Recovery.
Approval recommended:
BARTON W. MURRAY,
Division Adm in istrator.
WASHINGTON, D.C.,
September 27, 1934.
88410"-1181-123---34 (1)








REPORT TO THE PRESIDENT


The PRESIDENT,
The White House.
SIR: This is a report on an amendment to the Code of Fair Com-
petition for the Alloy Casting Industry, the Code having been
approved by my Order of January 30, 1934.
Notice of opportunity to be heard on this amendment was duly
posted to all interested parties providing an opportunity to file
objections, and no objections were received during this period.
The Code is amended to liberalize the credit terms now provided
for in the Code.
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 obstruc-
tions to the free flow of interstate and foreign commerce which tend
to diminish the amount thereof, and will provide for the general wel-
fare by promoting the organization of industry for the purpose of
cooperative action of labor and management under adequate gov-
ernmental sanction and supervision, by eliminating unfair competi-
tive practices, by promoting the fullest possible utilization of the
present productive capacity of industries, by avoiding undue restric-
tion 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
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 limita-
tion 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 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
amendment.
For these reasons, therefore, I have approved this amendment, such
amendment to take effect ten (10) days from the date hereof, unless
good cause to the contrary is shown and I issue subsequent order
to that effect.
Respectfully,
HuaH S. JOHNSON,
Administrator.
SEPTEMBER 27, 1934.








AMENDMENT TO CODE OF FAIR COMPETITION FOR
THE ALLOY CASTING INDUSTRY

Delete Article VI, Section 1, sub-section (k) and substitute inl
lieu thereof the following:
(k) The giving of terms more favorable than net thirty days
from date of shipment. A discount of of 1. may be allowed on
all invoices dated from the first to the fifteenth day of a month pro-
viding payment is made by the twenty-fifth day of the same month
and a discount of % of 1% may be allowed on invoices dated from
the sixteenth through the last day of a month providing payment
is made by the tenth day of the following month.
Approved Code No. 237-Amendment No. 3.
Registry No. 1201-1-02.
(3)
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