Approved Code No. 175-Amendment No. 1 Registry No. 1215-1-01 

NATIONAL RECOVERY ADMINISTRATION 

AMENDMENT TO 

CODE OF FAIR COMPETITION 

FOR THE 

MEDIUM AND 

LOW PRICED JEWELRY 

MANUFACTURING INDUSTRY 

AS APPROVED ON JUNE 26, 1934 

UNITED STATES 

GOVERNMENT PRINTING OFFICE 

WASHINGTON: 193, 

l ·f I I 

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Approved Code No. 175-Amendment No. 1 

AMENDMENT TO CODE OF FAIR COMPETITION 

FOR THE 

MEDIUM AND LO·W PRICED JEWELRY 

MANUFACTURING INDUSTRY 

As Ap-proved on June 26, 1934 

ORDER 

APPROVING AMENDMENT TO CODE OF FAIR COMPETITION FOR THE 

lVIEDIUl\I AND Low PRICED JEWELRY MANUFACTURING INDUSTRY 

An application having been duly made pursuant to and in full 

compliance with the provisions of Title 1 of the National Industrial 

Recovery Act, approved June 16, 1933, for approval of an amendment to a Code of Fair Competition for the Medium and Low Priced 

Jewelry Manufacturing Industry, and opportunity to be heard having been afforded all interested parties, and any objections filed 

having been duly considered, and the annexed report on said amendn1ent, containing findings with respect thereto, having been made 

and directed to the President : 

NO,v, 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. 

Approval recommended: 

GEO. L. BERRY' 

HUGH s. JOHNSON' 

Admin-istrator for lndu.strial R ecovery. 

Divis-ion Administrator. 

,v AsHrNoToN, n.c., 

June f7, 1934. 

70245"-657-156-----34 (1) 
REPORT TO THE PRESIDENT 

The PRESIDENT, 

The White H 0'11)Se. 

Sm: An application has been duly made pursuant to and in full 

compliance with the provisions of the National Industrial Recovery 

Act for an amendment to the Code of Fair Competition for the 

l\iledium and Low Priced Jewelry Manufacturing Industry, subm.itted 

by the Code Authority for the :Medium and Low Priced Jewelry 

Manufacturing Industry. 

The purpose and effect of the amendment are to authorize the 

Code Authority to submit a budget and method of assessment upon 

which funds shall be contributed by members of the Industry. 

The Deputy Administrator in his final report to me on said amendment 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 obstructions 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 among trade groups, by inducing and maintaining 

nnited action of labor and management under adequate governmental 

sanction and supervision, by eliminating unfair competitive practices, 

by promoting the fullest possible utilization of the present productive capacity of the industries, by avoiding undue restrictions 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 rehabilitating industry. 

(b) The Code as amended complies in all respects with the pertinent provisions 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 be heard prior to approval of said 

Amendment. 

For these reasons, therefore, I have approved this Amendment. 

Respectfully, 

JUNE 26, 1934. 

HUGH s. JOHNSON' 

Adniinistrator. 
AMENDMENT TO CODE OFF AIR COMPETITION FOR THE 

MEDIUM AND Lo,v PRICED JEvVELRY :M:ANUFACTURING INDUSTRY 

Delete Section 5 of Article VII and insert in lieu thereof the 

following: 

"Each trade or industrial association directly .or indirectly participating in the selection or activities of the Code Authority shall 

impose no inequitable restrictions on memb 0 rship." 

Add the following as Sections 6, 7, 8, and 9 of Article VII: 

"SECTION 6. It being found necessary in order to support the administration of this code and to m.aintain 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 necessary ( 1) an itemized budget of its estimated expenses for the foregoing purposes, and (2) an equitable basis upon which the funds 

necessary to support uch budget shall be contributed by members 

of the industry; 

( c) After such budget and basis of contribution have been approved by the Administrator, to determine and obtain equitable 

contribution as aboYe set forth by all rn.embers of the industry, and 

to that end, if necessary, to institute legal proceedings therefor in 

its own name. 

"SECTION 7. Each member of the industry shall pay his or its 

equitable contribution to the expenses of the maintenance of the 

Code Authority, determined as hereinaboYe provided, and subject to 

rules and regulations pertaining thereto issued by the Administrator. 

Only members of the industry complying with the code and con- tributing to the expenses of its administration as hereinabove provided, 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. 

" SECTION 8. 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. 

" SECTION 9. Failure on the part of any member of the industry 

to contribute his or its equitable contribution to the expenses of 

maintaining the Code Authority, determined as hereinabove provided, shall be a violation of this Code, subject however to rules 

and regulations issued by the Administrator which pertain hereto." 

Approved Code No. 175-Amendment No. 1. 

Registry No. 1215-1-01. 

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