NATIONAL RECOVERY ADMINISTRATION
CODE OF FAIR COMPETITION
BANK AND SECURITY VAULT
AS APPROVED ON APRIL 8, 1935
GOVERNMENT PRINTING OFFICE
For sale by the Superintendent of Documents, Washington, D. C. - Price cents
Registry No. 1133-1-05
Approved Code No. 411-Amendment No. 1
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Approved Code No. 411-Amendment No. 1
AMENDMENT TO CODE OF FAIR COMPETITION
BANK AND SECURITY VAULT MANUFACTURING
As Approved on April 8, 1935
APPROVING AMENDMENT OF CODE OF FAIR COMPETITION FOR THE
BANK AND SECURITY VAULT MANUFACTURING INDUSTRY
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 an amend-
ment to a Code of Fair Competition for the Bank and Security
Vault Manufacturing Industry, and opportunity to be heard hav-
ing been duly noticed, 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, the National Industrial Recovery Board, pursuant to au-
thority vested in it by Executive Order No. 6859, and otherwise,
does hereby incorporate, by reference, said annexed report and
does find that said amendment and the Code as constituted after
being amended comply in all respects with the pertinent provi-
sions and will promote the policy and purposes of said title of
said act, and does hereby order that said amendment be and it is
hereby approved, and that the said approval of said Code is hereby
amended to include on approval of said Code in its entirety as
amended, such approval and such amendment to take effect from
the date hereof, unless good cause to the contrary is shown to the
National Industrial Recovery Board within twenty (20) days from
the date hereof and the National Industrial Recovery Board issues
a subsequent order to that effect.
NATIONAL INDUSTRIAL RECOVERY BOARD,
By W. A. HARRIMAN, Administrative Officer.
BARTON W. MURRAY,
WASHINGTON, D. C.,
April 8, 1935.
REPORT TO THE PRESIDENT
The White House.
Sin: This is a report on an amendment to the Code of Fair Compe-
tition for the Bank and Security Vault Manufacturing Industry.
In accordance with the requirements of the National Recovery Ad-
ministration, due opportunity to be heard was afforded all interested
persons. No objections were filed.
The amendment is designed to provide for one designated alter-
nate for each member of the Code Authority, to be elected by the
members of the Industry.
The Assistant Deputy Administrator in his final report to the
National Industrial Recovery Board on said amendment to said Code
having found as herein set forth and on the basis of all the pro-
ceedings in this matter:
The National Industrial Recovery Board finds 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 promoting the organization of industry for the purpose
of cooperative action of labor and management under adequate
governmental sanction and supervision, by eliminating unfair com-
petitive 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 prod-
ucts through increasing purchasing power, by reducing and reliev-
ing unemployment, by improving standards of labor, and by other-
wise rehabilitating industry.
(b) The Code as amended complies in all respects with the perti-
nent provision of said title of said act, including without limitation
subsection (a) of section 3, subsection (a) of section 7 and subsection
(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 been deprived of the right to he heard prior to approval of said
For these reasons, therefore, this Amendment has been approved.
For the National Industrial Recovery Board.
W. A. HARRIMAN,
ArRIL 8, 1935.
AMENDMENT TO CODE OF FAIR COMPETITION FOR
THE BANK AND SECURITY VAULT MANUFACTURING
Add to Article VI, Section 1, Paragraph (b), the following
One designated alternate for each member of the Code Authority
shall be elected by the members of the Industry, at the same time
and in the same manner as members of the Code Authority. No
two active members of the Code Authority at the same time shall
be officers, directors, employees, or in any way connected with the
same member of the Industry.
Approved Code No. 411-Amendment No. 1.
Registry No. 1133-1-05.
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