W.. I -mendment No. I Registry No. 1215-06
ONAL RECOVERY ADMINISTRATION
CODE OF FAIR COMPETITION
iI A APPROVED ON JUNE 26, 1934
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UNITED. OF FL d.
GOVERNMENT PRINTING OFFICE
|I F WASHINGTON: 1934
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REPORT TO THE PRESIDENT
The VWMte House.
Smn: An application has been duly made pursuant to and in full
compliance with the provisions of the National Industrial Recovery
Act, for an amendment to the Code. of Fair Competition for the
Precious Jewelry Producing Industry, submitted by the Code Au-
thority for the Precious Jewelry Producing Industry.
The purpose and effect of the amendment are to authorize the Code
Authority to submit a budget and method of assessment upon 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:
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 1 o.f th,
National Industrial Recovery Act including the removal of obstruct.
tions to the free flow of interstate and foreign commerce which
tend to diminish the(amount thereof, and will provide for the gen-
eral welfare by promoting the organization of industry for tihe
purpose of cooperative action among trade groups, by inducing and,
maintaining united action of labor and management under adequate.
governmental sanction and supervision, by eliminating unfair coIm
petitive practices, by promoting the fullest possible utilization of the
present productive capacity of the industries, by avoiding undue
restrictions 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 relieving
unemployment, by improving standards of labor, and by otherwise
(b) The Code as amended complies in all respects with the peri,:. i
nent provisions of said Title of said Act, including without li1nitj ..
tion Subsection (a) of Section 3, Subsection (a) of Section 7 an ="
Subsection (b) of Section 10 thereof. .
(c) The Amendment and the Code as amended are not design,
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 npe
operate to discriminate against them.
(e) Those engaged in other steps of the economic process havtI
not been deprived of the right to be heard prior to approval of sai|
For these reasons, therefore, I have approved this Amendmti.
HUGH S. JOHNSON,
JUNE 26, 1984.
AMENDMENT TO CODE OF FAIR COMPETITION FOR
STHE PRECIOUS JEWELRY PRODUCING INDUSTRY
Delete Paragraph (d), Section 2, Article VI and insert in lieu
; thereof the following:
Each trade or industrial association directly or indirectly par-
ticipating in the selection or activities of the Code Authority shall
:impose no inequitable restrictions on membership."
Add the following as Sections 5, 6, 7 and 8 of Article VI:
"SECTON 5. It being found necessary in order to support the ad-
P:: ministration of this code and to maintain the standards of fair com-
petition established hereunder and to effectuate the policy of the
:.A'Act, the Code Authority is authorized:
(a) To incur such reasonable obligations as are necessary and
piiiroper 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;
ii.: (b) To submit to the Administrator for his approval, subject to
: such notice and opportunity to be heard as he may deem necessary
|i (1) an itemized budget of its estimated expenses for the foregoing
i purposes, and (2) an equitable basis upon which the funds necessary
to support such budget shall be contributed' by members of the
(c) After such budget and basis of contribution have been ap-
I: proved by the Administrator, to determine and obtain, equitable con-
: tribution as above set forth by all members of the industry, and to
I: that end, if necessary, to institute legal proceedings therefore in its
S "SECnoN 6. Each member of the industry shall pay his or its
Equitable contribution to the expenses of the maintenance of the
SCode Authority, determined as hereinabove provided, and subject to
the rules and regulations pertaining thereto issued by the Adminis-
i trator. Only members of the industry complying with the code and
:, contributing to the expenses of its administration as hereinabove pro-
tvided, shall be entitled to participate in the selection of members of
pit..-:~ Code Authority or to receive the benefits of any of its voluntary
SCTION 7. The Code Authority shall neither incur nor pay any
:obligation in excess of the amount thereof as estimated in its ap-
it proved budget, except upon approval of the Administrator; and no
r:: subsequent budget shall contain any deficiency item for expenditures
iP n :i excess of prior budget estimates except those which the Admin-
| nrator shall have so approved.
1 "SE vo 8. Failure on the part of any member of the industry
to contribute his or its equitable contribution to the expenses of
,intaining the Code Authority, determined as hereinabove provided,
s:hal be a violation of this Code, subject however to rules and regula-
ti:ins issued by the Administrator which pertain hereto."
AM"..., ovedi Code No. 13~.-Amendment No. L
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UNIVERSITY OF FLORIDA
iiIIIIIIIl lM lIlI4
3 1262 08582 8431