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NATIONAL RECOVERY ADMINISTRATION
CODE OF FAIR COMPETITION
RETAIL FARM EQUIPMENT
AS APPROVED ON JUNE 7, 1934
WE 90 OUR PART
GOVERNMENT PRINTING OFFICE
Fr sale by:the Superintendent of Documents, Washington, D.C. - Price 5 cents
Approved. Cade No. 197-Amendment No. 1
Registry No. 1303-07
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Approved Code No. 197-Amendment No. 1
AMENDMENT TO CODE OF FAIR COMPETITION
RETAIL FARM EQUIPMENT TRADE
As Approved on June 7, 1934
APPROVING MODIFICATION OF CODE OF FAIR COMPETITION FOR THE
RETAIL FARM EQUIPMENT TRADE
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 modifications
of a Code of Fair. Competition for the Retail Farm Equipment
Trade, and notice of opportunity to file objections having been given
and the annexed report on said modifications, 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 Order 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 modifications 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 said modifications be and
they are 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, such approval and such modifications to take
effect fifteen (15) days from 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.
BARTON W. MURRAY,
Acting Division Administrator.
June 7, 1934.
REPORT TO THE PRESIDENT
The White House.
SIn: This is a report on the Modification of the Code of Fair
Competition for the Retail Farm Equipment Trade to include
Executive Order 6678 of April 14, 1934 relating to collection of
expenses of code administration.
This Modification was proposed in accordance with Article XII
of the Code, approved January 6, 1934. Notice of Opportunity to
File Objections was given from May 8, 1934 to May 22, 1934; no
objection has been filed against the proposed modification of the
The Deputy Administrator in his final report to me on said Mod-
ifications 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 Modifications of said Code and the Code as modified 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 promoting the organization of industry for the purposes
of cooperative action among trade groups, by inducing and maintain-
ing united action of labor and management under adequate govern-
mental 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 products through
increasing purchasing power, by reducing and relieving unemploy-
ment, by improving standards of labor, and by otherwise rehabili-
(b) The Code as modified complies in all respects with the perti-
nent provisions of said Title of said Act, including without limita-
tion Subsection (a) of Section 3, Subsection (a) of Section 7 and
Subsection (b) of Section 10 thereof.
(c) The Modifications and the Code as modified are not desigried
to and will not permit monopolies or monopolistic practices.
(d) The Modifications and the Code as modified 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 been deprived of the right to be heard prior to approval of
For these reasons, these Modifications have been approved by me.
HUGH S. JOHNSON,
JUNE 7, 1934.
AMENDMlENT TO CODE OF FAIR COMPETITION FOR THE
RETAIL FARM EQUIPMENT TRADE
Pursuant to Article XII of the Code of Fair Competition for the
Retail Farm Equipment Trade, duly approved by the President on
January 6, 1934 and further to effectuate the policies of Title I of the
National Industrial Recovery Act, the following modification is
established as a part of said Code of Fair Competition and shall
be binding upon every member of the Retail Farm Equipment Trade.
AMNDMDMENT NO. 1
ARTICLE IV (c).-Amended to read as follows:
(c) 1. It being found necessary in order to support the adminis-
tration 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
(1) An itemized budget of its estimated expenses for the
foregoing purposes, and
(2) An equitable basis upon which the funds necessary
to support such budget shall be contributed by members of
(c) After such budget and basis of contribution have been
approved by the Administrator, to determine and obtain equi-
table contribution as above set forth by all members of the Trade,
and to that end, if necessary, to institute legal proceedings
therefore in its own name.
2. Each member of the Trade shall pay his or its equitable con-
tribution to the expenses of the maintenance of the Code Authority,
determined as hereinabove provided, and subject to rules and regula-
tions pertaining thereto issued by the Administrator. Only mem-
bers of the Trade complying with the code and contributing to the
expenses of its administration as hereinabove provided, shall be en-
titled to participate in the selection of members of the Code Au-
thority or to receive the benefits of any of its voluntary activities or
to make use .of any emblem or insignia. of the National Recovery
3. The Code Authority shall neither incur nor pay any obligation
in excess of the amount thereof as estimated in its approved 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 Administrator shall
have so approved.
Approved Code No. 197-Amendment No. 1.
Registry No. 1303-07.
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