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Approved Code No. 138-Amendment No. 2 Registry No. 1318-1-02
NATIONAL RECOVERY ADMINISTRATION
CODE OF FAIR COMPETITION
AS APPROVED ON NOVEMBER 19, 1934
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Approved Code No. 138-Amendment No. 2
Registry No. 1318-1-02
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Approved Code No. 138-Amendment No. 2
AMENDMENT TO CODE OF FAIR COMPETITION
ANTI-FRICTION BEARING INDUSTRY
As Approved on November 19, 1933
Arrnp\vIN(; 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 Industrial
Recovery Act, approved June 16, 1933, for approval of an amend-
ment to a Code of Fair Competition for the Anti-Friction Bearing
Industry and due notice and opportunity to be heard having been
given thereon and the annexed report on said amendment, contain-
ing findings with respect thereto, having been made and directed to
NOW, THEREFORE, on behalf of the President of the United
States, the National Industrial Recovery Board, pur-iiant to author-
ity vested in it by Executive Orders of the President, including
Executive Order 6859. and otherwise, does hereby incorporate, by
reference, said annexed report and does find that said aiendmient
and the Code as constituted after being amended comply in all
respects with the pertinent provisions and will promote. the policy
and purpose of said title of said Act, and does hereby order that
said amendment be and it is hereby approved, and that the previous
approval of said Code is hereby amended to include an approval of
said Code in its entirety as amended.
NATIONAL INDUSTRIAL RECOVERY BOARD,
By W. A. HARRIMAN, Adm'i fit'at;Vc 'Officer.
BARTON W. MURRA.Y,
Division A fl/in ;'i. rator.
WA.HIN .GTOIN, D. C.,
November 19, 19)3.
REPORT TO THE PRESIDENT
The White House.
Snl: An application has been duly made pursuant to and in full
compliance with the provisions of the National Industlrial Recovery
Act, for an amendment to the Code of Fair Competition for the Anti-
Friction Bearing Industry, submitted by the Code Authority. Fair
notice of opportunity to file objections to this amendment was given
to all interested parties. No objections were filed.
This aiiiinli ent was drawn up and proposed in accordance with
Executive Order No. 6678, dated April 14, 1934, and Administrative
Order No. X-36. It is intended to govern the collection of expenses
of code administration by the Anti-Friction Bearing Code Authority.
This amendment does not in any way affect the labor provisions of
the Code nor anything other than assessment for expei-i-, of code
Thie Acting Deputy Adiliitiii'atoir in his final report to the Na-
tilGi:l IndAiiL-h'i: Recovery Board on said amendment to said Code
having found as herein set forth and on the basis of all the proceed-
ings in this matter:
The Board finds that:
(a) The amendment to said Code and the Code as alinnd1ed are
well designed to promote the policies and purposes of Title I of the
National Industrial Recovery Act including" the removal of oltnruc-
tions to the free flow of inter-tite and foreignl colln!IerT'e which tend
to diminish the amount thereof, and will provide for the general
welfare by promoting the ,,rg-;iniization of industry for the purpose
of cooperative action among trade groups, by inducing and maintain-
ing united action of labor and management under adqiquate govern-
in-intal sanction and supervision, by eliminating unfair competitive
pr';tir t.-:, by promoting the fullest pos1iib11 utilization of the preIsent
productive capacity of industries, by avoiding undue restriction of
production (except as may be temporarily required), by incireaing
the consumption of industrial and agricultural products through
in.rT-ig puIrvh -.ig power, by reducing and relieving unemploy-
mnent, by improving -tiind;irds of labor, and by otherwise relhabilitat-
(b) The Code as amended 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
Sub.l-t ion (b) of Section 10 thereof.
(c) The Code empowers the Code Authority to present the afore-
said amendment on behalf of the industry as a whole.
(d) The amendment and the Code as amended are not designed
to and will not permit monopolies or monopolistic practices.
(e) The amendment and the Code as amended are not d -.,ilS,,-d to
and will not eliminate or oppress .-lil1ll enterprises and will not
operate to discriminate agaiiln-t them.
(f) Those engarnged in other steps of the economic process have not
been deprived of the right to be heard prior to approval of said
For these reasniins, therefore, the National Inlustrial Rerovery
Board has approved this amendment.
For the National Industrial Recovery Board:
W. A. HR.RiMAN,
Administratli e Officer.
NOVEMBEa 9, 19, 1 .
AMENDMENT TO CODE OF FAIR COMPETITION FOR
THE ANTI-FRICTION BEARING INDUSTRY
Aniwiid Article VI by deletiing the second sentence of Paragraph
(d), Section 1, and adding the following paragraph to section 2.
(i) 1. It being found necessary in order to support the administra-
tion of this code and to maintain the standiardl of fair competition
established hereunder and to effectuate the policy of the Act, the
Cod(e 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 purpose. of the Code;
(b) To submit to the National Industrial Recovery Board for its
approval, subject to such notice and opportunity to be heard as it
may deem necessary, (1) an itemized budget of its estimated ex-
penses for the foregoing piirpol.-c. and (2) an equitable basis upon
which the funds necessary to support such budget shall be contributed
by members of the Industry;
(c) After such budget and basis of contribution have been ap-
proved by the National Industrial Recovery Board, to determine and
obtain equitable contribution as above set forth by all members of the
Industry, and to that end, if necessary, to institute legal proceedings
therefore in its own name.
2. Each member of the Industry 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-
tiln, pertaining thereto issued by the National Industrial Recovery
Board. Only mnemblers of the Industry complying with the Code
and contributing to the expenses of its administration as hereinabove
provided, unless duly exempted from making iich ci ntribultionis,
shall be entitled to participate in the selection of members of the
Code Authority or to receive the benefits of any of its voluntary
activities or to make use of any emblem or ins-igniai of the National
3. The Code Authority shall neither incur nor pay any obligation
suil.-tantially in excess of the amount thereof as estimated in its ap-
proved budget, and shall in no event exceed the total amount con-
tained in the approved budget, except upon approval of the National
Industrial Recovery Board; and no subsequent budget shall contain
any deficiency item for expenditures in excess of prior budget esti-
mates except those which the National Industrial Recovery Board
shall have so approved.
Approved Code No. 138-Aini-iidniitvl No. 2.
Rgi-I r.? No. 1318-1-02.
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