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NATIONAL RECOVERY ADMINISTRATION
OF FAIR COMPETITION
AS APPROVED ON AUGUST 1, 1934
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Approved Code No. 45-Amendment No. 2
Registry No. 915--01
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Approved Code No. 45-Amendment No. 2
AMENDMENT TO CODE OF FAIR COMPETITION
SADDLERY MANUFACTURING INDUSTRY
As Approved on August 1, 1934
APPROVING AMENDMENT OF CODE OF FAIR COMPETITION FOR THE
SADDLERY MANUFACTURING INDUSTRY
An application having been duly made pursuant to and in full
compliance with the provisions of Title I of the National Indus-
trial Recovery Act, approved June 16, 1933, for approval of an
amendment to a Code of Fair Competition for the Saddlery Manu-
facturing Industry, and notice of opportunity to be heard having
been duly given thereon and the annexed report on said amendment,
containing 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
President, including !Executive Order No. 6543-A, dated December
30, 1933, and otherwise: do hereby incorporate, by reference, said
annexed report and do find that said amendment and the Code as
constituted after being amended 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 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.
HUGH S. JOHNSON,
Administrator for Industrial Recovery.
GEo. L. BERRY,
Augustt, 1, 1934.
REPORT TO THE PRESIDENT
The White House.
SIR: This is a report. on the. amendments to the Code of Fair
Competition for the Saddlery Manufacturing Industry, which has
been submitted in accordance with Executive Order No. 6678.
This amendment enables the Code Authority to incur such reason-
able obligations as are necessary to 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
iteimized1 budget, and an equitable basis upon which the funds neces-
sary to support such budget shall be contributed by the members of
the industry. Such contribution-, are made mandatory by this
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:
(,i) The ainmendments to said code and the code as amended are
well designed to pr(o)iote the policies and purposes of Title I of the
National Industrial Recovery Act including the removal of obstruc-
tionii to the free flow of inter-tate and foreign commerce which tend
to diminii-lh the amioulnt thereof, aind will provide for the general
welfare by promoting the organization of industry for the purpose
of cooperative action among trade groups, by inducing anid main-
taining united action of labor and management under adequate gov-
ernmental sa ,i.tion and supervision, by eliminating unfair competi-
tive practices, by promoting the fullest possible utilization of the
present productive capacity of the industries, by avoiding undue
restrictions of production exceptt as may be temporarily required),
by increasing the consumption of industrial and agricultural prod-
ucts through i'i'reasing purchasing power, by reducing and reliev-
ing unemployment. by iinproving standards of labor, and by other-
wise rehabilitating industry.
k (b) The cod'le a amended complies.in all respects with the, perti-
nent protisiulns of said Title of said Act., including without himita-
tioil Subsection (a) of Section 5, Subsection (a) of Section 7 and
Suib.:.-ction (b) of Section 10 thereof..
(c) The ame-idnient. 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 discrimiiniat. 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
For these reasons the amendments have been approved. .
HUGH S. JOHINSON,
AUGUST 1, 1934.
AMENDMENT TO CODE OF FAIR COMPETITION FOR
THE SADDLERY MANUFACTURING INDUSTRY
The following shall be substituted for Article VI, Section 3:
1. It being found necessary to support the administration of this
Code in order to effectuate the policy of the Act and to maintain
the standards of fair competition e-tablit-hed hereunder, 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 shall be held in trust for the purposes of the Code
and raised as hereinafter provided.
(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 expense.I for the fore-
going purposes, and
(2) An equitable basis upon which the funds necessary to support
such budget shall be contributed by all members of the Industry
entitled to the benefits accruing from the maintenance of such
standards, and the administration thereof;
(c) After such budget and basis of assessment have been approved
by the Administrator, to determine and collect equitable assessments
as set forth, and to that end, if necessary, to institute legal proceed-
ings therefore in its own name.
(d) Each member of the Industry shall be liable for his or its
equitable assessment, to the expense of the maintenance of the Code
Authority as hereinabove provided.
(e) Only members of the Industry complying with the Code
and contributing to the expenses of its administration as provided
in Section 3 hereof (unless duly exempted from making such con-
tribution) shall be entitled to participate in the selection of the
members of the Code Authority or to receive the benefit of its volun-
tary activities or to make use of any emblem or insignia of the
National Recovery Administration.
(f) The Code Authority shall neither incur nor pay any obliga-
tion in excess of the amount thereof as estimated in its approved
budget, except upon approval of the Administrator first obtained;
and no subsequent budget shall contain any deficiency item for
expenditures in excess of prior budget estimates except those which
the Administrator shall have so approved.
Approved Code No. 45-.Amendmlent No. 2.
Registry No. 915-01.
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