NATIONAL RECOVERY ADMINISTRATION
CODE OF FAIR COMPETITION
AS APPROVED ON AUGUST 28, 1934
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Approved Code No. 107-Amendment No. 1
AMENDMENT TO CODE OF FAIR COMPETITION
LADDER MANUFACTURING INDUSTRY
As Approved on August 28, 1934
APPROVING MODIFICATION OF CODE OF FAIR COMPETITION FOR THE
LADDER 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 a modifica-
tion of the Code of Fair Competition for the Ladder Manufacturing
Industry, and due consideration having been given thereon and the
annexed report on said modifications, containing findings with re-
spect 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 Order No. 6543-A,
ated 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 provisions 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.
HUGH S. JOHNSON,
Administrator for Industrial Recovery.
C. E. ADAMS,
August 28, 1934.
83159 -1044--137--34 11
REPORT TO THE PRESIDENT
The Wlhite House.
SiR: This is a report on the modification of the Code of Fair
Competition for the Ladder Manufacturing Industry, which has
been submitted in accordance with Executive Order No. 6678.
This modification enables the Code Authority to incur such rea-
sonable obligations as are necessary td support the administration
of the code and to maintain the standards of fair competition estab-
lished by this code. It also enables the Code Authority to submit
an itemized budget, and an equitable basis upon which the funds
necessary to support such budget shall be contributed by the mem-
bers of the industry. Such contributions are made mandatory by
The Deputy Administrator in his final report to me on said
modification 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
Sthe 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 among trade groups by inducing
and maintaining united action of labor and management under ade-
quate 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 temporarily required),
by increasing the consumption of industrial and agricultural prod-
ucts through increasing purchasing power, by reducing and reliev-
ing unemployment, by improving standards of labor, and by other-
wise rehabilitating industry.
(b) The Code as amended complies in all respects with the perti-
nent provisions of said Title of said Act, including without limi-
tation 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 modification on behalf of the Industry as a whole.
(d) The modifications and the Code as modified are not designed
to and will not permit monopolies or monopolistic practices.
(e) Tlhe imolifihation and the Code as modified are not designed
to ;and will not climinaitt or oppress small enterprises and will not
operate to discrimllinate ;nginst them.
(f) Those engaged in other steps of the economic process have
not been deprived of the right to be heard prior to approval of said
For these reasons, therefore, I have approved this modification.
HuGH S. JOHNSON,
AUGUST 28, 1934.
MODIFICATION OF CODE OF FAIR COMPETITION FOR
THE LADDER MANUFACTURING INDUSTRY
Delete Section (B) of Article VI, and insert in lieu thereof the
SECTION 1. It being found necessary in order to support the ad-
ministration 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 neces-
sary to support such budget shall be contributed by members of
(c) After such budget and basis of contribution have been ap-
proved bv 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.
SECTION 2. Each member of the industry shall pay his or its
equitable contribution to the expenses of the maintenance of the
Code Authority, determined as hereinabove provided, and subject
to rules and regulations pertaining thereto issued by the Adminis-
trator. Only members of the industry 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 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
SECTION 3. The Code Authority shall neither incur nor pay any
obligation 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 defici-
ency item for expenditures in excess of prior budget estimates ex-
cept those which the Administrator shall have so approved.
Approved Code No. 107-Amendment No. 1.
Registry No. 304-11.
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