-mendment No. 1 Registry No. 1215-1-01
ODE OF FAIR COMPETITION
AS APPROVED ON JUNE 26, 1934
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,' UNITED STATES
GOVERNMENT PRINTING OFCE
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Approved Code No. 175-Amendment No. 1
.. AMENDMENT TO CODE OF FAIR COMPETITION
.... FOR THE
-. MEDIUM AND LOW PRICED JEWELRY
I MANUFACTURING INDUSTRY
As Approved on June 26, 1934
.ArnovGe AMENDMENT TO CODE OF FAIR COMPETITION FOR THE
: MEDIUM AND LOW PRICED JEWELRY MANUFACTURING INDUSTRY
i: An application having been duly made pursuant to and in full
I. eimpliance with the provisions of Title 1 of the National Industrial
SRecovery Act, approved June 16, 1933, for approval of an amend-
ment to a Code of Fair Competition for the Medium and Low Priced
JeWelry Manufacturing Industry, and opportunity to be heard hav-
Sing been afforded all interested parties, and any objections filed
i having been duly considered, and the annexed report on said amend-
ment, containing findings with respect thereto, having been made
and directed to the President:
NOW, THEREFORE, on behalf of the President of the United
SStates, I, Hugh S. Johnson, Administrator for Industrial Recovery,
pursuant to authority rested in me by Executive Orders of the Presi-
dent, including Executive Order No. 6543-A, dated December 30,
S1933, and otherwise; do hereby incorporate, by reference, said an-
SneAed report and do find that said amendment and the Code as con-
sikithted after being amended comply in all respects with the per-
tinent 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
Sis ..hereby modified to include an approval of said Code in its entirety
U as amended.
HUGH S. JOHNSON,
Administrator for Industrial Recovery.
I Approval recommended:
I::ai* .:DiGi o:...I. ABE.. B m to
: Division Administrator.
WASH .f. -sD.O,
Ak ne 27,1934.
The PanmIDEsm .
The White House.
SIR: An application has been duly made pursuant to and i.. ful..
compliance with the provisions of the National Industrial Recd ie
Act for an amendment to the Coda of Fair Competition for the-i:!!
Medium and Low Priced Jewelry Manufacturing Industry, submitted.
by the Code Authority for the Medium and Low Priced Jewelrytl::i
The purpose and effect of the amendment are to authorize the"
Code Authority to submit a budget and method of assessment up0 on i
which funds shall be contributed by members of the Industry.
The Deputy Administrator in his final report to me on said amend- '
ment to said Code having found as herein set forth and on the basis? "
of all the proceedings in this matter: J3
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 :tht.
National Industrial Recovery Act including the removal of obstruc-
tions to the free flow of interstate-and foreign commerce which tep&:
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- maintainug
united 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 produc-
tive capacity of the industries, by avoiding undue restrictions 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 .unempl- y- 2!
ment, by improving standards of labor, and by. otherwise rehabij- ;.IN
stating industry. .
(b) The Code as amended complies in all respects with the pert
nent provisions of said Title of said Act, including without 1iiit ;-,
tion Subsection (a) of Section 3, Subsection (a) of Section 7 aid..4
Subsection (b) of Section 10 thereof.
(c) The Amendment and the Code as amended are not desigiii
to and will not permit monopolies or monopolistic practices. :4i.
(d) The Amendment and the Code as amended are not. degsi0Md:
to and will not eliminate or oppress small enterprises and will. 0
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 sa.idi
For these reasons, therefore, I have- approved :this Aneadilenti
HUGH S.: JoaUS .p:,. ,. f.i
JUN 26, 1934.
NMENT TO CODE OF FAIR COMPETITION FOR THE
MEDIUM AND LOW PRICED JEWELRY MANUFACTUR-
Delete Section 5 of Article VII and insert in lieu thereof the
.. "Ech trade or industrial association directly or indirectly par-
Licipatp ing the selection or activities of the Code Authority shall
Impose no inequitable restrictions on membership."
Add the following as Sections 6, 7, 8, and 9 of Article VII:
":* SECTION 6. It being found necessary in order to support the ad-
i: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 neces-
sary (1) an itemized budget of its estimated expenses for the fore-
going 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 ap-
proved 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.
"SECTION 7. 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 Administrator.
Only members of the industry complying with the code and con-
,. tributing to the expenses of its administration as hereinabove pro-
vided, shall be entitled to participate in the selection of members
o..:f the Code Authority or to receive the benefits of any of its voluntary
S" SECTION 8. The Code Authority shall neither incur nor pay any
:. obligation in excess of the amount thereof as estimated in its ap-
ir;::proved budget, except upon approval of the Administrator; and no
subsequent budget shall contain any deficiency item for expenditures
in excess of prior budget estimates except those which the Adminis-
iitrator shall have so approved.
... '. SECTIoN 9. Failure on the part of any member of the industry
L':- contribute his or its equitable contribution to the expenses of
taintaiing the Code Authority, determined as hereinabove pro-
*Wed, shall be a violation of this Code, subject however to rules
j r'eguiations issued by the Administrator which pertain hereto."
I proved Code No. 175-Amendment No. 1.
registryy No. 1215--01.
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UNIVERSITY OF FLORIDA
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3 1262 08582 8167
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