Amendment to code of fair competition for the anti-friction bearing industry as approved on July 31, 1934

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Material Information

Title:
Amendment to code of fair competition for the anti-friction bearing industry as approved on July 31, 1934
Portion of title:
Anti-friction bearing industry
Physical Description:
3 p. : ; 24 cm.
Language:
English
Creator:
United States -- National Recovery Administration
Publisher:
United States Government Printing Office
Place of Publication:
Washington, D.C
Publication Date:

Subjects

Subjects / Keywords:
Bearings industry -- Law and legislation -- United States   ( lcsh )
Genre:
federal government publication   ( marcgt )
non-fiction   ( marcgt )

Notes

General Note:
Cover title.
General Note:
At head of title: National Recovery Administration.
General Note:
"Registry No. 1318-1-02."
General Note:
"Approved Code No. 138--Amendment No. 1."

Record Information

Source Institution:
University of Florida
Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
oclc - 647739802
ocn647739802
System ID:
AA00009911:00001


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Approved Code No. 138-Amendment No. 1


Registry No. 1318-1--02


NATIONAL RECOVERY ADMINISTRATION



AMENDMENT TO
CODE OF FAIR COMPETITION
FOR THE

ANTI-FRICTION BEARING

INDUSTRY


AS APPROVED ON JULY 31, 1934
















DOCUMENTS DETM



U.S. DEPOlro y


UNITED STATES
GOVERNMENT PRINTING OFFICE
WASHINGTON: 1934


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























This publication is for sale by the Superintendent of Documents, Government
Printing Office, Washington, D.C., and by district offices of the Bureau of
Foreign and Domestic Commerce.
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Approved Code No. 138-Amendment No. 1


AMENDMENT TO CODE OF FAIR COMPETITION
FOR THE

ANTI-FRICTION BEARING INDUSTRY

As Approved on July 31, 1934


ORDER

APPROVING AMENDMENT OF CODE OF FAIR COMPETITION FOR THE
ANTI-FRICTION BEARING 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 the approval of an
amendment to a Code of Fair Competition for the Anti-Friction
Bearing Industry, and hearings having been duly held 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 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
constituted 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 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.
HUGH S. JOHNSON,
Administrator for Industrial Recovery.
Approval recommended:
BARTON W. MURRAY,
Division Adrin istrator.
WASHINTroN, D.C.,
July 31, 1934.
77404-1044-1---4 4(1)










REPORT TO THE PRESIDENT


The PRESIDENT,
The Wldte House.
SIR: This is a report on the Amendments of the Code of Fair Com-
petition for the Anti-Friction Bearing Indust ly, as revised after a
Public Henring conducted in Washington, D.C., on April 5, 1934,
in accordance with Article VIII, Section (g) of said Code as ap-
proved on November 27, 1933. Due opportunity to be heard was
afforded all interested parties.
The Aiiceiinliiemi(s provide for definite terms of sale which will
tend to prevent destructive price cutting.
FINDINGS
The Deputy Administrator in his final report to me on said Amend-
ments 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
welfare by pr.lmoting 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
prs1'-it productive capacity of industries, by avoiding undue restric-
tioni 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
rehabilitnt ti ng industry.
(b) The Code as amended complies in all respects with the perti-
nent provisions of said Title of said Act, including without limitation
Subsection (a) of Section 3, Subsection (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 Ib en deprived of the right to be heard prior to approval of said
amendment.
For these reasons, these amendments have been approved by me,
subject however, to a ten day waiting period as provided in the
Order of Approval.
Respectfully,
HUGH S. JOHNSON,
JULY 31, 1934. Administrt2or.


















AMENDMENT TO CODE OF FAIR COMPETITION FOR THE
ANTI-FRICTION BEARING INDUSTRY

Pursuant to Article VIII of the Code of Fair Competition for the
Anti-Friction Bearing Industry, duly approved by the President, on
November 27, 1933, and further to effectuate the policies of Title I
of the National Industrial Recovery Act, the following amendments
are established as a part of said Code of Fair Competition and shall
be binding upon every member of the Anti-Friction Bearing
Industry.
AMENDMENTS
Amend Article VII by relettering present Paragraph (i) so that
it becomes Paragraph (j).
Amend Article VII by inserting a new Paragraph (i) therein as
follows:
"(i) Failure to adhere to the following terms of sale: For all
sales, terms shall be not to exceed net cash 30 days or 1% discount
for cash payment as follows: On bills dated 1st to the 15th inclusive
if paid on or before the 25th of the month; on bills dated the 16th to
and including the last day of the month, if paid on or before the
10th of the following month; excepting that on sales made to or
through distributors or jobbers or in competition with distributors,
jobbers or other agencies, not subject to this Code, the terms may
be not to exceed 2% 10th proximo.
Approved Code No. 138-Amendment No. 1.
Registry No. 1318-1-02.
(3)















































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