Approved Code No. 441 Registry No. 251-09 

NATIONAL RECOVERY ADMINISTRATION 

CODE OF FAIR COMPETITION 

FOR THE 

BIAS TAPE INDUSTRY 

I • • 

r 

AS APPROVED ON MAY 23, 1934 

WE DO OUR PART 

UNITED STATES 

GOVERNl\iENT PRINTING OFFICE 

WASHINGTON: 1934 

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Approved Code No. 441 

CODE OF FAIR COl\1:PETITION 

FOR THE 

BIAS TAPE INDUSTRY 

As Approved on May 23, 1934 

ORDER 

CODE OF F .AIR COMPETITION FOR THE BIAS T .APE 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 a Code of 

Fair Competition for the Bias Tape Industry, and hearings having 

been duly held thereon and the annexed report on said Code, 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 ve ted in me by Executive Orders of the 

President, including E:xecuti ve Order o. 6543-A dated December 

30, 1933 and otherwise· do hereby incorporate by reference said 

annexed report and do find that said Code complies 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 

ode of Fair Competition be and it is hereby approved. 

HuoH S. Jon -soN, 

Adniinistrator for Industrial Recovery. 

Approval recommended: 

H. 0. KING, 

Division Administrator. 

vY .AsHrNcToN, D.c. 

May 23, 1934. 

61D24°- G44-134-34 (343) 
REPORT TO THE PRESIDENT 

The PnESIDENT, 

T lie lV kite House. 

Srn: This is a report on the Hearing on the Code of Fair Competition for the Bias Tape IndustFy held in the Pan American 

Room of the :Mayflower Hotel, "\Vashington D .C., on December 13, 

1933. The Code, which is attached, was pre cnted by duly qualified 

and authorized representatives of the Indu try, complying with 

statutory requir ment , said to represent all concerns in the Industry. 

In accordance with the customary procedure every person who 

had filed a request for an appearance was freely heard in public, 

and all statutory and regulatory requirement were complied with. 

THE INDUSTRY 

The Industry comprises nineteen (19) concerns having an investment in 1933 of $1,363,000.00. In 1929 the Industry employed 

746 workers. This figure has de,..lined to about 610 employees in 

1933. Aggreg-ate annual sales declined from 6,912-,000 dozen m 

1929 to 3.244,000 dozen in 1933. 

PROVISIONS OF THE CODE 

The Code provides for a minimum wage of 321⁄2¢ per hour except 

that learners during a thirty day apprenticeship shall be paid not 

less than 80 per cent of the minimum wage. Learners are limited 

to five (.-) per cent of the total numb r of nmployees. The Code 

further provides that it shall b the policy of the members of the 

Industry not to reduce compensation in xce s of minimum wage 

set forth in the Code, notwithstanding that the hours worked in 

·uch employment may be reduced. 

Hours of work for clerical and office emplo3 ees are limited to 40 

hours a week aYeraged o-ver a period of three months. Hours f 

work for all other employees are limited to 40 hours a week and 

eight hours a day with the following exception : 

l\1aintenanc€ employees are permitted to work 44 hours per week 

providing tl at time and one-third is paid for all hours in excess 

of 40 hour p r week ; 

""\ atchmen are permitted to work 42 hours per week averag d 

oYer a period of two weeks provid d they do not work mor than 

4 and 3G h ur jn alternate week ; 

Empl y · ngao- din a up rvisory apa it anl r ·ei inO' :3-.0o 

or more p r w.oek, and outside sale m n are n t limited fi:::; t hour · , mpl , c n aged in emergency maintenan or re1 air w rk ar 

x · pt d from the maxinnu 1 hour pr Yi ion but sh 11 b paitl tim 

and one-thir l for all hours in exce of 4.0 hours per we k. 

Repr ntation n the ode uthority i pro ided f r all n. mber of the Indu try. The Code provid f r an p n pric a o ia-

(344) 
345 

tion in the Industry but permits prices to be revised without a 

waiting period. Sales below the indiYidual cost to the members of 

the Indu try are prohibited, however, ales may be made below cost 

to meet the lower price of a competitor or to sell damaged goods or 

di continued line of merchandise. The Code also provid,0 s for the 

establishment of a standard system of cost finding to be used by all 

members of the In<lu try after approval by the Admini trator. 

FINDINGS 

The Deputy Administrator in hi final r eport to me on said Code 

having found as herein set forth and on the ba is of all the 

proceedings in this matter: 

I find that: 

(a) Said ode is well design::id to promote the policies and purposes of Title I of the ational Industrial RecoYery Act, including 

the removal of obstructions to the free flow of interstate and foreign 

commerce which tend to diminish the amount thereof, and will proYide for the general welfar by promoting the organization of 

industry for the purpose of cooperative action among the trade groups, 

by inducing and maintaining united action of labor and management 

under adequate goYernmental 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 increa ing 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) Said Indu try normally employs not more than 50,000 employees; and is not classified by me as a major industry. 

( c) The Code as approved 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; and that the applicant association is an industrial association truly representative of the aforesaid 

Industry; and that said association imposes no inequitable restrictions 

on admission to membership therein. 

( d) The Code is not designed to and will not permit monopolies 

or monopolistic practices. 

( e) The Code is not designed to and will not eliminate or oppress 

small enterprises and will not operate to discriminate against them. 

(f) Those engaged in other steps of the economic process have 

not been deprived of the right to be heard prior to approval of said 

Code. 

For these reasons, this Code of Fair Competition for the Bias 

Tape Industry i has been approved. 

Respecttully, 

M.AY 23, 1934. 

HUGH s. JOHNSON, 

Administrator. 
CODE OF FAIR COMPETITION FOR THE BIAS TAPE 

INDUSTRY 

ARTICLE I-PURPOSE 

To effectuate the policies of Title 1 of the National Industrial 

Recovery Act this Code is e tablished as a Code o-f Fair Competition for the Bias Tape Industry and its provisions shn,11 be standard of fair competition for such Industry and shall be binding 

u pan every member ther of. 

ARTICLE II-DEFI~ITIONS 

1. The term "Bi:.is Tape Industry" or "Industry" as used herein 

includes th manufacture and sale by the manufacturer of bias tape 

for household u ,e and such related branches or subdivisions as may 

from time to time be included under the provisions of this Code by 

the Pre ident of the UniteJ States, after such notice and hearing as 

he may prescribe. 

2. The term member of the Indu try" in lucle:::i but without limitation, any individual, partnership ac:. ociation corporation, or other 

form of ent -rprise engaged in the Industry either as an employer 

or on hi or it own behalf. 

3. The term ' employee" as used herein includes any and all 

per ·ons engaged in the Industry, however compensated, except a 

1nember of the Industry. 

4. The term 'e1nplo. er" as used herein includes any person firm, 

corporation or other form of ent~rprise ngaged in the Industry, 

who or which engages in his or its busin .·s employees as defined 

above. 

5. The t rm 'learner" as u el L.erein, in ludes any and all employees ho have hac1 le s than thirty (30) days' experience or 

employment in the Industry. 

6. The term 'Act "President' and "Admini trator " as u ed 

herein mean respectively Title I of the National Inau trial Re overy 

Act, the P re ident of the United tate. and the Administrator for 

Industrial Recovery. 

ARTJ LE III-HOURS 

1. No employee except a herein otherwi e provided, shall b permitted to work in excess of forty ( 40) hours in any one week r ight 

( ) hours in any t enty-four (24) hour p riod. 

2. Jo per on employed in clerical or offi e w rk hall be permitted 

to work in xcess of forty (40) hour in any one w k averag o r 

a period of five ( 5) we k nor more than twel v (12) hours in any 

tw nt. -four (24) hour period. A normal ork day hall not exceed 

eight (8) hours. 

(346) 
347 

3. Repair. shop crew engineers, electriciuns firemen ~ipping 

crew-· outside w·orkers and/ or cleaners hall not be permitted to 

work in excess o:f :for y-four ( 44) hour per we k, provided, hov;"Yer 

that all employe s included in this Section hall recei e at lea t one 

and one-third ime th ir normal rate of pay for all hour worked 

in excess of :f ortv ( 40) hour per week. 

4. ,vatchmen nay be employed in pair ,,orking thirty- ix (36) 

and forty-eight ( 48) hours on alternate ·week : or an a,erage of 

forty-two (42) hours p 0 r week over a two-we k period. 

5. The pro,i ions of thi Article shall not apply to pe-r::. n employed in a manacrerial or executi e capacity "\Tho receiye thirty-fiYe 

dollar ( '35.00) or more per week. nor to commercial tra-veling ale -

men nor to employees engaged in emergencv maintenance or emergenc repair Vi"Ork. provided, howe,er that all uch employee· engaged in emergenc3 maintena.nce or emergenc repair work .Jrn.11 

receive at lea t one and one-third times their normal rat f pa~ for 

all hours worked in exc0 ~ of forty ( 40) hour per w ek. and th at 

such overtime work shall be r ported to the od 1-uthorit . 

6. o emplovee hall be perrnitte l to ,,ork for a total number of 

hour in exce of the numb 0 r of hour prc\'Cribecl h erein whether 

he be employed by one or more emplo3 er . 

ARTICLE I ~- Jrxnr :u Yr AGE 

1. Jo employee except a hereinafter proYi led. hall be paid at a 

r ate of le~ than thirt} -two and one-half (321/:2) c nt p r hour. 

2. No learner hall be pai<l at a rate of les than eighty per c nt 

(80o/c) of the minimum e tabli. heel hPrein ancl the total number o.E 

such per ons so employed by a mernber of th Indu try . hall not. in 

any ca e. exceed one in I1i.lmbn or fi,e p er C nt ur~) of tho total 

number of such member' · employee : whi hever j the hi o·her. The 

period of learning ·hall be limited to thirt:1 (: 0) lay. whether 

erved under one or more employer . 

3. Female emplo ee performing ·ub tanti all 'he ame 1"'ork as 

male employee shall receive the ame rate. of p:13 as 1,1ale emplo3 ee . 

4. A person who e earning capacity is limited becau e of ao·e or 

physical or mental handicap may be employed on light work at a 

wage bel " the minimum e abli hed b this o le. if the employer 

obtain from the tate authority desio·nated by the nited tate 

Department of Labor a certificate authorizing uch person employment at uch wages and for uch hour a ·hall be tatecl in 

the certificate. Each employer ·hall file monthl. with the Code 

Authority a list of all . uch persons emplo eel b31 him, howin. · the 

wage paid to and the maximum hours of work for uch employee. 

5. This arti le e -tabli hes a minimum rate of pay which hall 

appl irre pectfre of whether an employee is actually compen atecl 

n a time rate, piece "Work p rformance or other ba i~. 6. It is the policy of the member of thi indu ·tr~ to refrain from 

reducin~ the compen ation for employment which com.pen ation 

was, prior to June 16 1933 in exce s of the minimum wages herejn 

set forth notwithstanding that the hours of work in such employment may be reduced; and, unless since such date uch adju tments 

have been made all members o:f this industry shall endeavor to in-
848 

crea e the pay of all employees in excess of the minimum wage, as 

herein set forth, by an equitable adjustment of all pay schedules. 

ARTICLE V-GENERAL LABOR PROVISIONS 

1. o per on under ixteen (16) years o:f age shall be employed in 

the industry. No person under eighteen (18) years of age shall be 

employed at operation or occupations which are hazardous in nature 

or dangerous to health. The Code Authority shall submit to the 

Admini trator within ixty (60) days after the effective date of 

this od0 a list of uch operations or occupation . In any tate 

an emp oyer hall be deemed to have complied with this provision as 

to age if he hall have on file a certificate or permit duly signed by 

the uthority in uch tate empowered to i . ue employnient or age 

certifi ate or permit hawing that the employee is of the required 

age. 

2. In compliance with Section 7 (a) of the ~ ct it is provided: 

(a) That employee hall have the right to organize and bargain 

collectively through r presentatives of their own choosing, and shall 

be fr e from the interf rence, restraint, or coercion of employers of 

labor. or their a cnts in the designation of such repre...:entatives, or 

in elf-organization or in other concerted activities for the purpo:::.e 

of collective bargaining or other mutual aid or protection; 

(b) That no employee and no one seeking employment shall be 

required as a condition of employment to join any company union or 

to refrain from joining, organizing or assisting a labor organization of his choosing · and 

( c) That employer shall comply with the maximum hour.s of 

labor minimum rate of pay, and other conditions of employment 

approv d or prescrib d by the President. 

3. o emplo er shall reclassify employees or duties of occupations performed or eno-age in any other subterfuge for he pu~pose 

of defeating the purpos or provisions of the Act or of this Code. 

4. Every employ r shall provide for the safety and health of 

employees during the hours and at the places of their employment. 

Stan a rds for safety and health shall be submitted by the Co le .J.. uthority to the Administrator within six month after the effective 

date of thi Code. 

5. -r-; o provi ion in this Code shall supersede any Stn.te or Federal 

law which imposes on employers more stringent requirements as to 

age of employee wage , hours of work, or as to s-afetv, h alth, sanitary or o-eneral working conditions, than are impo ed by this o le. 

6. 11 employers shall post and keep posted complete copie of the 

wage and hour an l en ral labor pro isions of this ode in conspicuou places acce ible to employees and shall comply wi h all 

rule and reaulations r lative to the po ting of pro isions of Codes 

of Fair omp titian which may be pr scribed by the Admini trator 

from time to time. 

nTI E VI-ORa.a rzATION, P oWER A~ D DUTIES OF THE CooE 

AUTHORITY 

1. A Code uthority is hereby established to cooperate with the 

Administrator in the administration of this Code and hall consist 
349 

of six (6) members or such other number as may be approved from 

time to time by the Administrator. Five (5) members of the Code 

Au hority shall be chosen through a fair method of selection a p- p roved by the Administrator, by the men1bers of the Bias Tape 

Institute; and one member may be chosen through a fair method of 

selection a pp roved by the Administrator, by those members of the 

Industry who are not also members of the Bias Tape Institute. The 

Admini trator in his discretion may appoint not more than three (3) 

additional members without vote and without compensation from 

the Indu try to serve for such period of time and to repre ent the 

Aclmini trator or uch group or groups as he may designate. 

2. Each trade or indu trial a sociation directly or indirectly tarticipating in the selection or actfrities of the Code Authority 1iall 

impose no inequitable restriction on membership and shall submit 

to the Admini trator true copie of it articles of association by-lawn, 

r egulations and any amendment when made thereto together with 

such other information as to member hip organization and activi- ties as the Admini trator may deem necessary to effectuate the pur- poses of the Act. 

3. In order that the Code Authority shall at aJl times be truly 

representati,e of the Industry and in other respects comply with 

the provisions of the Act the Administr ator may pre cribe such 

hearings as he ma deem proper· and thereafter if he hall find that 

the Code Authority is not truly repre entative or does not in other 

r espects comply with the provision of the Act may require an 

appropriate modification in the method of selection of the Code 

Authority. 

4. I t being found necessary, in order to support the Administra- tion of this Code and to maintain the standards of fair competition 

establi hed by this ode and to -effectuate the policy of the Act, the 

Code Authority i authorized, subject t-0 the appro,al of the 

Administrator: 

(a) To incur such reasonable obligations as are nee s ary and 

proper for the foregoing purposes and t-0 meet such obligations out 

of funds . hich ma. be raised as hereinafter pro,ided and which 

shall be held in tru .... t for the purposes of the Code · (b) To submit to the Adrnini trator for his approval, subject 

to such notice and opportunity to be heard as he may dec>m necessary, U) an itemized budget of its e timated expenses for the foregoing 

purposes an.cl (2) an equitable basis upon which the funds n-ece ary 

to ~upport such budget hall be contributed by members of the 

I ndustry; 

( c) fter uch budget and basis of contribution ha,e been ap- pr o ed by the Administrator, to determine and secure equitable 

contribution as above set forth by all such members of the Industry, 

and to that end, if necessary, to i.."'1.stitute legal proceedings therefor 

in its own name. Only members of the I ndustry complying with the Code and con- tributing to the expenses of its administration as provided above 

shall be entitled to participate in the selection of the members of the 

Code Authority or to receive the benefit of its voluntary activities or 

to make use of any emblem or insignia of the National Recovery 

Administration. 
350 

5. lf the ~ <lministrator hall determine that any a -tion of the 

Code Authority or any agency thereof may be unfair or unjust or 

contrary t-o the publi" intere t. the Ad mini tra tor may r equire that 

su h action be u pended to afford an op1 ortunity for inve tigation 

of tl e merits of uch a ion and further con. icleration by the Code 

Authority or ao-cncy pending final a ·tion Y1hich hall not b effective 

unles the Admini trator approves or unle s he shall fail to disnpprove after thirty (30) dny 'notice to him of intention to proceed 

_with uch action in it origjnal or modified form . 

6. The Code Authorit hall ha-ve the following fur her powers 

and duties : .. 

(a) To admini ·ter the pr ovi ... ion. of thi Code, provide for the 

compliance of the Indu try ',,ith the provi ions of the Act under 

such rule and regulation · n · ma) be pre~ cribed by the Administrator; and to propose and ubmit to th 0 Administrator its r ecommendations for am ndmentc: and/ or modification of this ode which 

chall become effec i-ve a a part of thi Code when approved by the 

Administrator after uch notice and hearing a he may specify. 

l ) To adopt by-law and rule and regulation for its procedure 

and for the admini tration and enforcement of the Code. 

( c) To ob-'-ain from members of the Inclu try such information 

and reports as are required for the adrnini tration of the Code and 

t provide for ubmission b member of the Indu try of such infor1nation n,nd report a the Admini trator may deem necessary for 

the purposes r ecited in Section 3 (a) of the Act, which information 

and reports shall be submitted by member to such administrative 

and/ or government acrencies as the Admini trator may designate; 

prm ided that nothing in thi ode shall relieYe any member of the 

Industr of an3 existing obligations to fnrni . .J1 reports to an. governm0ntal agency. o indiYidual r eport hall be di closed to any 

other member of the Industry or an other party except to such 

go ernmental agencies a may be directed by the Administrator. 

( d) To u e uch trade association and other· agencie a it deems 

proper for the carrying out of any of it activities provided for 

herein I provided that nothing her ein shall r eliev the Co<.le Authority 

of its duties or responsibility und r thi ode and that such trade 

a ocia ions and agencies shall at all times be subject to and comply 

with the pro i ion hereof. 

( e) To mal e recommendations to the Administrator for the coordination of the administration of this Code with such other code , 

if any as may be related to the Industr 7 • 

(f) To cooperate with the Admini ~Tator in regula ing the u e 

of any .R.A. in ignia, which is u cl ol0ly by tho e member of 

the Industry who h ave as ented to and ar complying with this 

Code. (g) To reconunend to the Admini tr a tor further fair rude pra -

ti provision t go-vern members of the Industr y in their r lation 

with each oth r or with other indu tries and to recomm nd t the 

Administrat r mea ure f or in lu trial planning including tabilization f ernplo:m nt. . . . . . . . (h) To oop at with th dmm1 trator 1n mak1no- 1~ . e t1<Yati ~ 

as to the fun tioning an ob ervance of an f the pro 1 10ns of th1 

ode at its o-wn in tan e or on c mplaint b any per on affe ted, 

~nd t~ report am to the Administrator. 
351 

(i) To provide for and adopt standards for the products <;>f this 

InduNtry which, when approved by the Administrator, shall be 

observed by all members of the Industry. 

ARTICLE VII-AccouNTING AND SELLING 

1. The Code Authority shall proceed to formulate a method of 

cost finding which shall contain the principal elements of cost 

and shall be capable of uniform application within the Industry. \Vithin thirty (30) days 3:fter such cost finding method shall have 

been approved by the Administrator each member of the Industry 

shall adopt the same as a basis for determining his own individual 

cost. 

2. No member of the Industry shall sell any of the products of 

this Industry below his own individual cost except to meet bona fide 

competition in any specific instance, provided, however, that nothing 

contained herein shall be construed to prevent the sale of damaged 

goods, job lots, and discontinued lines belGw the cost of production 

after such merchandise is clearly invoiced as such and a complete 

record thereof is kept by the seller, which shall be ·promptly forwarded to the Code Authority upon request. 

3. Each member of the Industry shall file with the Code Authority 

within fifteen ( 15) days after the effective date of this Code his 

schedule of prices, discounts, and terms of sale to all classes of trade 

for the products of this Industry, except damaged goods, job lots 

and discontinued lines. No me1nber of the Industry shall sell his 

products at a price lower or at discounts greafor or on terms more 

favorable than those set forth in his schedule currently filed with 

the Code Authority. 

(a) Any member of the Industry may revise his price lists or 

terms of sale at any tim0 by filing with the Code Authority such 

revised price lists or terms of sale which_ shall become effective immediately upon filing. All such price lists and/ or terms of sale shall 

be available to all members of the Industry or to any other interested 

party who may apply for same. 

(b) In the event any member of the Industry contemplates a 

change in his prices, no information relative thereto shall be given 

to customers or salesmen, directly or indirectly, prior to the date 

when such change becomes effective. 

ARTICLE VIII-TRADE PRACTICES 

1. No member of the Industry shall willfully publish advertising 

( whether printed, radio, display or of any other nature), which is 

misleading or inaccurate in any material particular, nor shall any 

member in any way misrepresent any goods (including but without 

limitation, its use, trade mark, grade, quality, quantity, origin, siz-e, 

substnce, character, nature, finish, material content or preparation) 

or credit terms, values, policies, services, of the nature or form of 

the business conducted. 

2. No member of the Industry shall willfully brand or mark or 

pack any goods in any manner which is intended t0 or does deceive 

or mislead purchasers with respect to the brand, grade, quality, 
352 

quantity, origin, size, sub tance, character, nature, finish, material 

con en·t or preparation of uch good . 

3. No member of the Indu try shall secretly off er or make any 

payment or allowance of a rebate, refund, commission, credit, unearned discount or exce s allowance whether in the form of money 

or otherwise, nor shall a member of the InJustry secretly offer or 

extend to any cu '-omer special service or privilege not extended to 

all cu tamers of the ame class, for the purpose of influencing a sale. 

4. No member of the Industry shall pre-date or post-date any order 

or contract with the intent or haYing the effect of giving to either 

the buyer or eller any advantage or benefit "hich "ould not accrue 

if such order or contract were correctly dated. 

5. o men1ber of the Industry shall accept "make and hold" 

orders for bias tape for home use except as contracts under which 

the buyer shall accept delivery of the full quantity specified within 

the contract period. 

6. No member of the Industry hall willfully induce or attempt 

to induce the breach of any contract between a competitor and his 

customer or willfully interfere with or ob truct the performance of 

the ame. 

7. No member o:f the Industry shall apply a larger quantity price 

to an order or shipment covering smaller quantities, or in any other 

way depart from his published and establi hed quantity differentials. 

8. Free deals, premiums, or other similar schemes shall not be used 

unless the price of the entire deal is at least equal to the regular 

net list price of the bias tape plu the price of other merchandise 

involved in the tran. action. This shall not prohibit the distribution 

of cab1nets or other display material of a strictly advertising nature. 

9. No member of the Industry shall withhold from or insert in 

any quotation or invoic"' any staten1ent that 111akes it inaccurate in 

any material particular. 

10. No member of the Industry shall give, permit to b gi,en or 

directly offer to give, anything of value for the purpose of influencing 

or rewarding the action of any employee, a.gent or repre entative of 

another in relation to the busines of the employer of such emplo e , 

the principal of such agent or the represented party, without the 

knowledge of such emplo er, principal or party. This provi ion 

shall not be construed to prohibit :free and general distribution of 

articles commonly used for advertising except so far a such articles 

ar actually used for commercial briber"' a hereinabove defined. 

11. No member of the Industry shall give discounts greater than 

thr e percent (3%) ten (10) da s e.o.m. or two percent (2%) ten 

(10) days, sixty (60) day extra. 

12. o member of the Industry shall ship any products of this 

Indu try on con ignment except to a bona fide sales ag nt. 

ARTI 'LE I.._ r-1f DIFI A TI 

1. This Code and all the provi ion th reof are expr 1 made 

subject to the right of the President, in a ordance with th pr visi ns of sub ection (b) of ction 10 of th A t from time to tim 

to cancel or modify any ord r, appro-, al, li n e, rule or r gulation 

issued under said Act. 
353 

2. This Code, except as to provi ions required by the Act, may be 

modified or amended on the basis of experience or changes in circumtan es, such 11odifications or amendments to be based upon application to the Administrator and such notice ancl hearing as he shall 

specify, and to beconrn effective on approval of the President, unless 

otherwise provided. 

ARTICLE X - PRr E INcnEA ES 

,vhereas the policy of the Act to increase real purchasing power 

will be made more difficult of consummation if prices of goods and 

services increase as rapidly as wages, it is recognized that price increa s except as u h as may b required to meet indiYidual cost 

should be delayed, but when mad uch increases should, as far as 

possible, be limited to actual additional increases iu the seller's costs. 

ARTICL~ XI-EFFECTIYE DATE 

This Code shall become effective on the second 1\1onday after its 

approval by the Pre i lent. 

Approved Code No. 441. 

Registry No. 251-08. 

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