Approved Code No. 197-Amendment No. 1 Registry No. 1303-07 

NATIONAL RECOVERY ADMINISTRATION 

AMENDMENT TO 

CODE OF FAIR COMPETITION 

FOR THE 

RETAIL FARM EQUIPMENT 

TRADE 

AS APPROVED ON JUNE 7, 1934 

WI DO OUR PART 

UNITED STATES 

GOVERNMENT PRINTING OFFICE 

WASHINGTON: 1934 

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Approved Code No. 197-Amendment No. 1 

AMENDMENT TO CODE OF FAIR COMPETITION 

FOR THE 

RETAIL FARM EQUIPMENT TRADE 

As Approved on June 7, 1934 

ORDER 

APPROVING MoDIFICATION OF CoDE oF FAIR CoMPETITION FOR THE 

RETAIL FARM EQUIPMENT TRADE 

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 modifications 

of a Code of Fair . Competition for the Retail Farm Equipment 

Trade, and notice of opportunity to file objections having been given 

and the annexed report on said modifications, 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 Order 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 modifications 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 modifications be and 

they are hereby approved, and that the previous approval of said 

Code is hereby modified to include an approval of said Code in its 

entirety as modified, such approval and such modifications to take 

effect fifteen (15) days from date hereof, unless good cause to the 

contrary is shown to the Administrator before that time and the 

Administrator issues a subsequent order to that effect. 

HuGH S. JoHNsoN, 

Administrator for. Industrial R ecover1.J. 

Approval recommended : 

BARTON w. MURRAY, 

A cting Division Ad'l11irnistrator. 

wASHINGTON, D.C., 

June 7, 1934. 

65685°-657- 34-34 (1) 
REPORT TO THE PRESIDENT 

The PRESIDENT, 

The lVhite House. 

Sm: This is a report on the Modification of the Code of Fair 

Competition for the Retail Farm Equipment Trade to include 

Executive Order 6678 of April 14, 1934 relating to collection of 

expenses of code administration. 

This Modification was proposed in accordance with Article XII 

of the Code., approved January 6, 1934. Notice of Opportunity to 

File Objections was given from 1\fay 8, 1934 to May 22, 1934; no 

objection has been filed against the proposed modification of the 

Code. 

FINDINGS 

: The Deputy Administrator in his final report to me on said Mod-

~fications of said Code having found as herein set forth and on the 

~asis of all the proceedings in this matter : 

I find that: 

(a) The Modifications of said Code and the Code as modified 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 interstat~ 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 purposes 

of cooperative action among trade groups, by inducing and maintain-

·ing united action of labor and manage1nent under adequate governmental 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 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 modifi-ed complies in all respects with the perti- · 

nent 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 Modifications and the Code as modified are not designed 

to and will not permit monopolies or monopolistic practices. 

(d) The Modifications and the Code as modified 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 l\1odifications. 

For these r-easons, these l\1odifications have been approved by me. 

Respectfully, 

JUNE 7, 1934. 

(2) 

HUGH s. JOHNSON' 

Ad/minis trator. 
A~1ENDMENT TO CODE OF FAIR COMPETITION FOR THE 

RETAIL FARM EQUIPMENT TRADE 

PURPOSE 

Pursuant to Article XII of the Code of Fair Competition for the 

Retail Farm Equipment Trade, duly approYed by the President on 

January 6, 1934 and further to effectuate the policies of Title I of the 

National Industrial Recovery Act, the following modification is 

C?stablished as a part of said Code of Fair Competition and shall 

be binding upon every member of the Retail Farm Equipment Trade. 

AMENDMENT NO. 1 

ARTICLE IV-AD:M:INISTRA TION 

ARTICLE IV (c) .-Amended to read as follows: 

(c) 1. It being found necessary in order to support the administration of this code and to maintain 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 moet 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 exp nses for the 

foregoing purpo es, and 

(2) An equitable basis upon which the funds necessary 

to support such budget shall be contributed by members of 

the Trade; 

(c) After such budget and basis of contribution have been 

approved by the Administrator, to determine and obtain equitable contribution as above set forth by all members of the Trade, 

and to that end, if necessary, to institute legal proceedings 

therefor in its own name. 

2. Each member of the Trade shall pay his or its equitable contribution to the expenses of the maintenance of the Code Authority, 

determined as hereinabove provided, and nbject to rules and regulations pertaining thereto issued by the Administrator. Only members of the Trade complying with the code and contributing to the 

expenses of its administration as hereinabove provided, hall be entitled to participate in the selection of members of the Code Authority or to receive the benefits of any of its volnntary activities or 

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

Administration. 

(3) 
4 

3. The Code Authority shall neither incur nor pay any obligation 

in exce s of the amount th reof as estimated in its approved budget, 

except upon approval of the Admini trator; 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. 

Approved Code No. 197-Amendment No. 1. 

Registry No. 1303-07. 

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