Approved Code No. 84. Supplement No. 4 Registry No. 1421-01 

NATIONAL RECOVERY ADMINISTRATION 

SUPPLEMENTARY 

CODE OF FAIR COMPETITION 

FOR THE 

ELECTRIC INDUSTRIAL TRUCK 

MANUFACTURING INDUSTRY 

(A Division of the Fabricated Metal Products 

Manufacturing and Metal Finishing 

and Metal Coating Industry) 

AS APPROVED ON JANUARY 31, 1934 

, • . . 0 :-

WE DO OUR PARl' 

UNITED STATES 

GOVERNMENT PRINTING OFFICE 

WASIDNGTON : 1934 

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v 
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Approved Code No. 84-Supplernent No. 4 

SUPPLEMENTARY CODE OF FAIR COMPETITION 

FOR THE 

ELECTRIC INDUSTRIAL TRUCK MANUFACTURING 

INDUSTRY 

As Approved on January 31, 1934 

ORDER 

SUPPLEMENTARY CODE OF FAIR COMPETITION 

FOR THE 

ELECTRIC INDUSTRIAL TRUCK MANUFACTURING 

INDUSTRY 

A Division of the Fabricated Metal Products Manufacturing and Metal 

Finishing and Metal Coating 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, and in accordance with 

the provisions of Section I of Article VI of the Basic Code for the 

Fabricated Metal Products Ivianufacturing and Metal Finishing and 

~1etal Coating Industry, approved November 2, 1933, for approval 

of a Supplementary Code of Fair Competition for the Electric 

Industrial Truck Manufacturing Industry; and hearing having been 

duly held thereon; and the annexed report on said Supplementary 

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 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 Supplementary Code complies 

in all respects with the pertinent provisions and will promote the 

37108°-313-164--34 (1) 
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policy and purposes of said Title of said Act; and do hereby order 

that said Supplementary Code of Fair Competition be and it is 

hereby approved; provided, however, that the provisions of Article 

V, Section 2, insofar as they prescribe a waiting period between 

the filing with the Code Authority (i.e. actual receipt by the Code 

Authority) and the effective date of revised price lists or revised 

terms and conditions of sale be and they are hereby stayed for a 

period of sixty days or pending the completion of a study now being 

conducted by the National Recovery Administration, and at the end 

of such period said provisions shall become effective unless I, by my 

further Order, otherwise determine. 

Approval recommended: 

w. A. HARRIMAN, 

HUGH S. JOHNSON' 

Administrator f 01· I ndwtrial Recovery. 

Division Ad1ninistrator. WASHINGTON, D.C., 

January 31, 1934. 
The PRE IDENT, 

The White House. 

Srn: This is a report on the Supplementary Code o:£ Fair Competition :£or the Electric Industrial Truck Manufacturing Industry, a 

division of the Fabricated 11etal Products 11anu:£acturing and Metal 

Finishing and 11etal Coati~g Industry, and on the hearing conducted 

thereon in Wa hington, D.C., December 18 1933, in accordance with 

the provisions of Title I of the National Industrial Recovery Act. 

GE -ER.AL STATEMENT 

The Electric Industrial Truck Manufacturing Industry, being 

truly representative of this division of the Fabricated Metal Products Manufacturing and Metal Finishing and Metal Coating Industry, has elected to avail itself of the option of submitting a Supplementary Code of Fair Practice, as provided for in Section 1 of 

Article VI of the Basic Code, for the Fabricated Metal Products 

11anufacturing and Metal Finishing and Metal Coating Industry 

approved by you on the second day of November 1933. 

RESUME OF THE CODE 

Article I states the purpose of the Supplementary Code. 

Article II accurately defines specific terms employed in the Supplementary Code. 

Article III. This Industry is a division of the Fabricated Metal 

Products Manufacturing and Metal Finishing and Metal Coating 

Industry and the labor provisions of its Basic Code, as approved 

ovember 2, 1933, are the labor provisions of this Supplementary 

Code. 

Article IV establishes a Supplementary Code Authority consisting 

of the five ( 5) members of the Board of Trust~es of the Electric 

Industrial Truck Institute, Inc., or its successor, and one member 

chosen from the Industry by the vote o:£ the members thereof, and 

gives the Administrator the a.uthority to appoint one additional 

member without vote and provides machinery for obtaining statistics 

and the administration of this Supplementary Code. 

Article V sets forth the fair trade practices of this Supplementary 

Code which has been especially designed to effect fair competition 

in this division of the Industry. Article VI contains the mandatory provisions contained in Section 10 (b) of the Act and also provides for the submission of proposed amendments to the Supplementary Code. 

Article VII provides against monopolies and monopolistic practices, and recognizes that price increases be limited to actual additional increases in the seller's costs. 

Article VIII states the effective date of this Supplementary Code. 

(3) 
4 

FINDINGS 

The Assistant Deputy Administrator in his final report to me on 

said Supplementary Code having found as herein set forth and on 

the basis of all the proceedings in this matter; 

I find that-

(a) Said Supplementary Code is well designed to proniote the 

policies and purposes of Title I of the National Industrial Recovery 

Act, including removal of obstructions to the free flow of interstate 

and foreign comn1erce 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 the 

trade groups, by inducing and maintaining united action of labor 

and management under adequate governmental sanctions and supervision, by eliminating unfair competitive practices, by promoting 

the fullest possible utilization of the present productive capacity 

of in lustries, 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 unemployment, by improving 

standards of labor, and by otherwise rehabilitating industry. 

(b) Said Industry normally employs not more than 50,000 employees; and is not classified by me as a major industry. 

( c) The Supplementary Code as approved complies in all respects 

with the pertinent provisions of said Title of said Act, including 

without limitation Sub ection (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 admjssion to mem.bership therein. 

( d) The Supplementary Code is not designed to and will not 

permit monopolies or monopolistic practices. 

(e) The Supplementary 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 Supplementary Code. 

For these reasons, therefore, I have approved this Supplementary 

Code. 

Respect-fully, 

JANUARY 31, 1934. 

Huon S. JonNsoN, 

Adniinistrator. 
SUPPLEMENTARY CODE OF FAIR COMPETITION 

FOR THE 

ELECTRIC INDUSTRIAL TRUCK MANUFACTURING 

INDUSTRY 

A Division of the Fabricated Metal Products Manufacturing and Metal 

Finishing and Metal Coating Industry 

ARTICLE I-PURPOSES 

To effectuate the policy of Title I of the National Industrial Recovery Act, the following provisions are established as a Supplementary Code of Fair Competition for the Electric Industrial Truck 

:Manufacturing Industry, pursuant to Article VI of the Basic Code 

of Fair Competition for the Fabricated Metal Products Manufacturing and Metal Finishing and Metal Coating Industry, approved 

by the President of the United States on the second day of November 

1933, and upon approval by the President of the U n1ted States the 

provisions of this Supplementary Code shall be the Standard of 

Fair Competition for and shall be binding upon every member 

thereof. 

ARTICLE II-DEFINITIONS 

The term "The Electric Industrial Truck Manufacturing Industry", hereafter referred to as the Industry, means and includes the 

manufacture or purchase of component parts for assembly and for 

sale of all types of electric industrial trucks, electric indu trial 

tractors, electric industrial cranes, which use low-voltage electric 

motors for motive power, and accessories. 

The term "Member of the Industry" includes, but without limitation, any individual, partnership, association, corporation, or other 

form of enterprise engaged in the Industry, either as an employer 

or on his or its own behalf. 

The terms "President", "Act", and "Administrator" as used 

herein shall mean, respectively, the President af the United States1 the National Industrial Recovery Act, and the Administrator, ot 

Title I of said Act. 

The term "Basic Code" as used herein is defined to mean the 

Basic Code of Fair Competition for the Fabricated ~1etal Products 

Manufacturing and Metal Finishing and Metal Coating Industry, as 

approved by the President of the United States on the second day of 

November 1933. 

The term " Supplementary Code Authority " as used herein means 

the agency which shall supervise the admirustration of this Supplementary Code. 

(5) 

• 
6 

The term "Institute" as used herein is defined to mean The 

Electric Industrial Truck Institute, Inc., or its successor. 

The term "Federation" as used herein is defined to mean The 

Fe,bricated Metal Products Federation, or its successor. 

ARTICLE III-EMPLOYMENT PROVISIONS 

This Industry is a division. of the Fabricated Metal P roducts 

Manufacturing and Metal Finishing and Metal Coating Industry 

and the labor provisions of its Basic Code as approved by the President of the United States are the labor provisions of this Supplementary Code. 

ARTICLE IV-ORGANIZATION AND AD~IINISTRATION 

SECTION 1. The Supplementary Code Authority is hereby constituted the agency to administer the provisions of this Supplementary 

• Code, and shall consist of the five (5) members of the Board of 

Trustees of the Institute and one member chosen from the Industry 

by the vote of the members thereof. The Admini trator may appoint one representative to serve without vote and without expense 

to the Industry unless the Supplementary Code Authority shall 

agree to pay such expenses as a member of the Supplementary Code 

Authority. The president of the Institute is hereby constituted the 

agent to collect and distribute all statistical reports of the Industry 

as required by the Supplementary Code Authority. With a view 

to keeping the President of the United State informed as to the 

observance or nonobservance of this Supplementary Code, said agent 

8hall collect uch statistics as called for by the President and/ or 

the Administrator and send them in such form as the President 

and/ or the Administrator may require to the Federation, as the 

agency admini tering said Basic Code. SEc. 2. The President of the Institute a · such agent, shall also 

from time to time, furnjsh to the Basic Code Authority, designated 

in said Basic Code, such information as may be required to b furni hed under the terms of said Basic Code. 

SEc. 3. All data filed in accordance with the pro, isions of this 

Supplementary Code shall be confidential and shall not be revealed 

except in composite form to anyone other than an authorized governmental ao-ency. 

SEC. 4. Any or all information furni hed to the President of the 

In titute by any member of the Industry hall be subject to checking 

for the purpo of ve·rifying by an examination of the p rtin nt book 

and a count and r cords of su h m mb r by any disinter st d person 

or per ons, mutually agre d upon by the npr lemetary Code Authority and the m mber of the In lu try who b ok and ac ounts and 

record are to be examin d, or by a per on or per on nominated by 

the Supplementary Cod Authority and a PI roved by the Ad mini - trator. The o t of u h examination shall b treated a an xpens 

of administering th ode; I rovid 1 h w ver, that if upon u h xamination any u h inf rmati n hall b hown to have b en in orr t 

in any mat rial re. 1 t, su h o t hall b paid b3 th memb r of 

th Indu try whi ·h furni h d uch information. 
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SEC. 5. To further effectuate th p licie of the Act and for the 

admini tration of thi · Supplementary ode, the con tituted authorities and methods of government or the Inclu try shall be a follows : 

(a) The Supplementary Code Authority shall have general power 

and supervision over the enforcement of the provi ion of this Supplementary Code and it is hereby de ignatcd a the agency for adminh tering, supervising, and promoting the ob ervance of the provisions 

of this Supplementary Code, and shall have power to obtain from all 

member of the Industry such reasonable and pertinent data as may 

be neces ary for the administration of the provision of thi Supplementary Code. The request for reports from member of the Industry shall not be made in any manner which will impo ·e unequal obligations upon members of the Industry. 

(b) The Supplementary Code Authority shall have power to investigate on its own initiative or on complaint, the operation of the 

Supplementary Code and any alleged violation of the Supplementary 

Code by any member of the Industry; to make findings of :fact and to 

state its conclusions as to whether or not there has been any violation 

of any provision of the Supplementary Code and except as hereinafter provided, to take such steps as it may deem necessary or advisable, within the provisions of the Supplementary Code, subject to 

rules and regulations by the Administrator. 

( c) No member of the Supplementary Code Authority shall participate, a a member of such Supplementary Code Authority, in 

any proceedings in which he i interested as the complainant or 

respondent, or in which he is in any other manner directly interested, 

and in the event of any such disqualification, the remaining members 

of such Supplementary Code Authority shall certify such disqualification, together with the reasons therefor and shall promptly designate a person to sit as a special member of such Supplementary Code 

Authority for the purpose of such proceedings. 

( d) The Supplementary Code Authority may delegate any of its 

duties to such person of per ons, committee or committees, as it may 

select; provided, that it shall not delegate any of its duties to any 

person who is subject to disqualification, as in paragraph ( c) above 

provided; and provided further, that such delegation shall not relieve 

the Supplementary Code Authority from any of its responsibilities 

under this Supplementary Code. 

( e) The Supplementary Code Authority may, subject to the approval of the Administrator, upon finding, by a three fifths vote, 

that the respondent a senting member of the Industry has violated 

this Supplementary Code, asse s all costs in connection with such 

investigation and disposition of such complaint against said respondent as enting member of the Industry. If any assenting member of 

the Industry makes a formal complaint to the Supplementary Code 

Authority which proves, after investigation by the Supplementary 

ode Authority and approval by the Administrator, to be without 

:foundation in :fact, then the Supplementary Code Authority may 

assess against the assenting member of the Industry bringing such 

formal complaint, all costs in connection with the investigation and 

disposition of such complaint. All assessments to be paid into the 

treasury of the Institute as the Agency of the Suppleme!1tary Code 

Authority. 
8 

( f) Each member of the Industry subject to the jurisdiction of 

this Supplementary Code shall pay to the Institute as the agency 

of the Supplementary Code Authority his or its proportionate share 

of the amount necessary to pay the cost of assembling, analyzing, 

and publication of such reports and data and of the maintenance of 

the Supplementary Code Authority in connection with its activities 

relative to the administration of this Supplementary Code; sajd 

proportionate share to be based upon the volume of business and/or 

such other factors as the Supplementary Code Authority may prescribe. 

(g) A meeting of the l\1embers of the Industry may be called and 

held at any time by order of the Supplementary Code Authority or 

members of the Industry having the right to cast at least 51 % of 

all votes which might be cast at such a meeting. At least five days' 

notice to each member of the Industry shall be given. 

(h) Each member of the Industry who assents to and complies 

with the provisions of this Supplementary Code, and who is not 

delinquent in the payment of any assessments made under the provisions of this Supplementary Code, shall be entitled to cast one 

vote, either in person or by proxy, in writing, duly executed by such 

member of the Industry, and filed with the Supplementary Code 

Authority within a reasonable time prior to the time set for the 

meeting, at all meetings of the members of the Industry. 

SEc. 6. The Supplementary Code Authority shall have the following further powers and duties: 

(a) To adopt bylaws and rules and regulations for its procedure 

and for the administration and enforcement of the Supplementary 

Code. 

(b) To 1nake recommendations to the Administrator for the coordination of the administration of this Supplementary Code with 

such other Codes as may be related to the Industry. 

( c) To cooperate with the Administrator in regulating the use of 

any N.R.A. insignia solely by those members of the Industry who 

have assented to, and are complying with, this Supplementary Code. 

( d) To reco-mn1end to the Administrator further fair trade practice provisions to govern members of the Industry in their relations 

with each other or with other industries and to recommend to the 

Administrator measures for industrial planning, including stabilization of employment. 

( e) To recommend from time to time standards of shipment 

terms. 

(f) To recommend from time to time standards for guaranty 

on .products. 

EC. 7. Nothing contained in this Supplementary Code shall constitute the m mbers of the Supplementary Code Authority partners 

for any purpo ·e; nor shall any member of the Supplementary Code 

Authority be liable in any mann r to anyone for any act of any other 

member, offi r, agent, or employee of the Supplementary Code 

Authority. or hall any member of the upplementary Code 

Authority, exerci ing r a onable diligen e in the ondu t of his dutie 

hereunder, be liable to anyone for any a tion or omi ion to act 

under this uppl mentary C d , ex ept for his wilful mi f a ance or 

nonfeasance. 
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SEC. 8. If the Admini trator hall letermine that any action f 

the Supplementar ode uthorit or an agenc thereof is unfair 

or unjust or contrary to the public intere t, the dmini trator may 

require that such action be u.spended for a period of not to exceed 

thirty (30) days to afford an opportunity for inve igation 0£ uch 

action and further con ideration by uch Supplementary Code 

Authority or agency pending final action which hall b taken only 

upon approval by the Administrator. 

ARTICLE V- ,.XFA.IR TRADE PRACTICES 

For all purpose 0£ the upplementary ode any member of the 

Industry who shall, directly or indirectly, through any officer, employee, agent, or representative, violate the :following provi ion of 

this Article sha]l be deemed guilty of unfair trade practice and a 

violation of this Supplementarj Code. 

SECTION 1. Each member o the Indu try shall u~e an adequate 

cost accounting s stem which shall conform to the co t accounting 

system recommended by the Supplementary Code Authority and 

approved by the Administrator a hereinafter prm-idecl. The Supplementary Code Authority shall recommend for n e in the Industry 

a uniform and adequate co t accounting sy tern which shall be adaptable to the cost accounting procedure and to the bu~ine s of the 

Industry. Such plan shall specify the :factors ~hich shall be included 1n determining the co ts of each member of the Indu try. 

Upon approval by the Admini trator of such a system of co t 

accounting for the Indu try complete advice concerning it hall be 

distributed by the Supplementary Code Authority to all members 

of the Industry. Thereafter each member of the Indu try shall file 

with the agent de ignated under Article IV, Section 1, of this Supplementary Code his cost for typical item of the product of the 

Indu try offered for ale by him. Thereafter no member of the 

Indu try hall initiate a selling price below hi~ own co t or ell the 

product 0£ the Industry at such price or upon uch terms or conditions of sale as will result in the purchasers paying for uch product 

less than the co t of that member of the Indu try who ha filed the 

lowest cost; provided, however that any member of the Indu try may 

sell below his own costs to meet existino- competition when uch 

prices have been filed in accordance with Section 2 of thi Article; 

and provided further, that the Supplementary Code Authority may 

approve, subject to disapproval by the Admini trator the sale of 

surplus stocks below such costs where neces ary to relieve financial 

emergencies. A detailed record of such surplu stock shall be filed 

with and checked by such impartial agency a the Supplementary 

Code Authority may designate at the time of application for such 

approval. 

SEc. 2. Each member of the Industry shall publi h and file with 

the Supplementary Code Authorit. within ten days after the effective date of the Supplementary Code price li ts individually prepared by him of all products offered for sale or sold by him and all 

terms and conditions of sale relating thereto. Such price lists shall 

state for each grade and kind of each product old or offered for sale, 

one price with appropriate discounts therefrom if any allowed, for 
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sales to classified types of purchasers. Such price lists and terms and 

conditions of sale so filed with the Supplementary Code Authority 

shall be open to inspection at all reasonable times by any interested 

party. Revised price lists or revised terms and conditions of sale, 

if made, shall be filed from time to time thereafter with the Supplementary Code Authority by any Member of the Industry; provided, 

however, that such revisions shall be filed with the Supplementary 

Code Authority ten days in advance of the effective date thereof; 

and, provided further, that any other member of the Industry may 

file revisions of his price lists or terms and conditions of sale to meet 

the revisions first filed which may become effective on the date when 

the revised price lists or revised terms and conditions of sale first 

filed shall become effective. At the time of filing price lists or discount sheets, in accordance with this paragraph, each Member of 

the Industry shall furnish the Supplementary Code Authority, for 

distribution, such number of copies of his price lists and/ or discount 

sheets and any revisions thereof, as the Supplementary Code Authority may prescribe. 

SEc. 3. No member of the Industry shall sell or off er for sale any 

product of the Industry at prices other than the prices noted in its 

price lists, or tern'lS and conditions of sale other than the terms and 

conditions of sale previously filed by such member with the Supplementary Code Authority in accordance with the provisions of Section 2 of this Article and in effect at the time of such sale. 

SEc. 4. The following paragraphs describe and shall constitute 

unfair methods of competition: 

(a) 1. To publish advertising (whether printed, radio, display, 

or of any 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, size, substance, character, nature, finish, material, 

content, or preparation) or credit terms, values, policies, services, or 

the nature or form of the business conducted. 2. To make disparaging statements respecting the business method ·, practices, or products of another member of the Industry. 

(b) To knowingly withhold from or insert in any quotation or 

invoice any statement that makes it inaccurate in any material 

particular. 

( c) To brand or pack any goods in any manner which is intended 

to or does deceive or mislead purchasers with respect to the brand, 

grade, quality, quantity, origin, size, substance, character, nature, 

finish, material, content, or preparation of such goods. 

( d) To publish or circulate unjustified or unwarranted threats of 

legal proceedings which tend to or have the effect of harassing competitors or intimidating their customers. Failure to prosecute in 

due course shall be evidence that any such threat is unwarranted 

or unjustified. 

( e) To allow or make payment or allowance of a rebate, refund, 

commission, credit, unearned discount, excess allowance, or allowance for customer advertising, catalogues, or illegitimate premiums, 

whether in the form of money or otherwise, nor shall a member of 

the Industry secretly off er or extend to any customer any special 
11 

servi ·e or privilege not extended to all u.-tomcr of the same class, 

for the purpose of influencing a sale. 

(f) To ship goods on consignment except under circumstances to 

be defined by the Supplementary ode uthority subject to the 

approval of the Administrator, where peculiar circwnstances of the 

Industry require the pra tice. 

(g) No member of the Industry shall attempt to induce a breach 

of an existing contract between a competitor and his employee 

( other than emplo ment contracts) or cu tomer or source of supply; nor shall any member interfere with or obstruct the performance of such contractual duties or service . (h) To offer or extend a guarantee against decline or advance in 

the selling price of products. 

(i) To agree to liquidate, purchase, or accept shipment of a 

competitor's product from a customer in order to sell a member's 

own product. (j) To authorize the return of product :for a credit, where known 

to be obsolete or where sales record of preceding year indicate lack 

of marketability. 

(k) To postdate an invoice. 

(1) To extend protection against price advance or decline of products through the signing of requirement contracts. 

(m) To make an allowance for all or any portion of transportation costs, except where transportation charges are figured as a part 

of the original costs and are included in the elling price. 

(n) To enter into any agreement to a ume re pon ibility for consequential damages and other items of expen e which norm.ally cannot be anticipated in original cost or selling price . 

SEc. 5. Export Trade.-N o provi ion of thi Supplementary Code 

relating to prices or terms of selling, shipping. or marketing, shall 

apply to export trade or sales or shipments for export trade. Unless 

und to the extent that the Supplementary Code Authority shall 

otherwise determine, the sale of any product by any member of the 

Industry for direct shipment to Alaska, the Philippine . Haw·1ii or 

Puerto Rico or other insular po S€ ions of the Unite l States of 

America shall not be deemed export trade. 

ARTICLE VI-MoDIFICA TIO Ts 

SECTION 1. This Supplementary Code and all the pro\i ions thereof 

are expressly made subject to the right of the Pre ident in accordance with the provisions of subsection (b ) of Sec ion 10 of the Act, 

from time to time to cancel or modify any order, approval, licen e, 

rule, or r egulation i sued under the said Act. 

SEc. 2. By pre enting this Supplementary Code the members of 

the Industry do not thereby consent to any modification thereof, and 

they reserve the right to object to any such modification without 

being given an opportunity to be heard. 

SEc. 3. This Supplementary Code except a to provisions required by the Act, may be modified on the basis of experience or 

changes in circum tances, such modification to be based upon application to the Adrnini trator and such notice and hearing as he shall 

specify; and to become effective on approval by the Administrator. 
12 

ARTICLE VII-GENERAL PROVISIONS 

SECTION 1. No provisions of this Supplementary Code shall be 

applied so as to permit monopolies or monopolistic practices, or 

to eliminate, oppress, or discriminate against small enterprises. 

SEC. 2. ,vhereas the policy of the Act to increase real purchasing 

power will be made more difficult of consmmnation if prices of 

goods and services increase as rapidly as wages, it is recognized that 

price increases except such as may be required to meet individual 

cost should be delayed, but when made such increases should, so far 

as possible, be limited to actual additional increases in the seller's 

costs. SEc. 3. This Supplementary Code shall not affect patent rights. 

ARTICLE VIII-DURATION OF SUPPLEMENTARY CODE 

This Supplementary Code shall become effective at 12: 01 a.m. 

o'clock on the tenth day after it is approved by the President and 

shall continue in effect until June 16, 1935, or the earliest date prior 

thereto on which the President shall, by proclamation, or the Congress shall, by joint resolution, declare that the emergency recognized 

by Section 1 of the National Industrial Recovery Act has ended. 

Approved Code No. 84-Supplement No. 4. 

Registry No. 1421-01. 

0 

UNIVERSITY OF FLORIDA 

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