Approved Code No. 16-Amendment No.7 Registry No. 1:!.11-02 

NATIONAL RECOVERY ADMINISTRATION 

AMENDMENT TO 

CODE OF FAIR COMPETITION 

FOR THE 

HOSIERY INDUSTRY 

AS APPROVED ON APRIL 19, 1935 

WE DO OUR PART 

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UNITED STATES 

GOVERNMENT PRINTING OFFICE 

WASHINGTON : 1935 

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A pproved Code No. 16-Amendment No. 7 

AMENDMENT TO CODE OF FAIR COMPETITION 

FOR THE 

HOSIERY INDUSTRY 

As Approved on April 19, 1935 

ORDER 

APPIWYING Al\IENDMENT OF CoDE OF FAIR C o MPETITION F OR THE 

HosiERY INDUSTRY 

An application having been duly made pursuant to end in full 

compliance with the provisions of Title I of the National Industrial 

Recovery Act, approved June 1G, 1933, for approval of an amendment of a Code of Fair Competition for the Hosiery Industry, and 

hearings having been duly held thereon and the annexed report on 

said amendment, containing finding with respect thereto, having 

been made and directed to the President: 

NO"\V, THEREFORE1 on behalf of the President of the United 

States, the National Industrial Recovery Board, pursuant to authority vested in it by Executive Orders of the President, including 

Executive Order No. G859, dated September 27, 1934, and otherwise, 

does hereby incorporate, by reference, said annexed report and does 

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 TiHe 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; provided, however, that the method by which the members of the several 

Advisory Committees provided for in Article I X, Section 2 of said 

Code are selected shall be subject to the approval of the National 

I ndustrial Recovery Board. 

NATIONAL INDUSTRIAL RECOVERY BoARD, 

By vV. A. HARRIMAN, Ad17 nist? ative Officer. 

Approval recommended: 

M. D. VINCENT, 

Actin,q Division Ad11dnistrator. 

'v AsHrxaToN, D. c., 

April19, 1935. 

130164°-1749--49-35 (1) 
REPORT TO THE PRESIDENT 

The PRESIDENT, 

The lV hite House. 

Sm: Thi is a report on an amendment of the provisions of the 

Code of Fair Competition for the Hosiery Industry which relate to 

the method used by the Industry in approving recommendations made 

by the Code Authority for improving the Code or improving the 

results secured thereunder. This amendment was revised after a 

Public Hearing held in \Vashington, July 9, 1934, and subsequently 

submitted to the National Industrial Recovery Board after a proper 

canvass of the opinion of the Industry, in accordance with the provisions of the Code. 

FINDINGS 

The Deputy Administrator in his final report to the National 

Industrial Recovery Board on said amendment to said Code having 

found as herein set forth and on the basis of all the proceedings in 

this matter: 

It finds 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 united 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 industries, by avoiding undue restriction of 

production (except as may be temporarily required), by increasing 

the consumption of industrial and agricultu"I;'al 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 Code empowers the Code Authority to present the aforesaid 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 practice. 

(e) The amendment and the Code a.s amended are not designed to 

and will not eliminate or oppress small enterprises and will not operate to discriminate against them. 

(2) 
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(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 

amendment. · For these reasons, this amendment has been approved. 

For the National Industrial Recovery Board: 

APRIL 19, 1935. 

-vv. A. HARRIMAN, 

Adn~inistra iv e Officer. 
Al\IENDniENT TO CODE OFF AIR C0~1PETITIO~ FOR THE 

HOSIERY INDUSTRY 

Article IX, Section 3, Sub- ection (e) i hereby amended by 

deleting the same and substituting in lieu thereof the following so 

that, as thu amended, aid Article IX, Section 3 Sub-section (e) 

bhall read a. follows : 

(e) Submit to the National Indu trial Recovery Board from time 

to time snch recommendations a , in its judgment, will have the 

effect of improving the Cede, or of improving the results secured 

thereunder, any of which recommendations, when approved by the 

National Indu trial RecoYery Board, shall have force and effect as 

provi ions of this Code. The Code Authority, before ubmitting 

, uch a recommendation, shall consult the opinions of the branch 

Advisory Committees. Such opinions hall accompany a recommendation when submitted to the National Industrial Recovery 

Board for approval. In case a substantial division of opinion exists 

"·ithin a branch Advisory Committee, uch Committee shall canvass 

the member of aid branch and shall attach to its report the record 

of the poll both by units and by productive capacity. Such recommendations shall, among others, be of the following character: 

Approved Code Ko. lG-Amendment No. 7. 

Registry No. 241-02. 

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