Approved Code No. 309-Amendrnent No. 1 

V 

Registry No. 219-01 

NATIONAL RECOVERY ADMINISTRATION 

AMENDMENT TO 

CODE OF FAIR COMPETITION 

FOR THE 

SOLID BRAIDED CORD I 

INDUSTRY 

AS APPROVED ON SEPTEMBER 13, 1934 

WE DO OUR PAR1" 

UNITED STATES 

GOVERNMENT PRINTING OFFICE 

WASHINGTON: 1934 

For sale by the Superintendent of Documents, Washington, D.C. - - - - - ~ - - Price 5 cents 
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Approved Code No. 309-Amendment No. 1 

AMENDMENT TO CODE OF FAIR COMPETITION 

FOR THE 

SOLID BRAIDED CORD INDUSTRY· 

As Approved on September 13, 1934 

ORDER 

CODE OF F .AIR COMPETITION FOR THE SOLID BRAIDED CORD INDUSTRY 

An application having been duly made pursuant to and in full 

compliancB with the provisions of Title I of the National Industrial Recovery Act, approved June 16, 1933, for approval of an 

amendment to a Code of Fair Competition for the Solid Braided 

Cord Ind11stry, and hearing having been duly held thereon and the 

annexed report on said amendment 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 amendment and the Code as 

constituted after being a.mended 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 : 

HUGH S. JOHNSON' 

Adniinistrator f OT Industrial R ecovery. 

PRENTISS L. CooNL\EY, 

Act-ing Division Ad11iinist1·ator. 

WASHINGTON, D.C., 

S ep·tem,ber 13, 19.634. 

85891°-1J81-49--34 (1) 
REPORT TO THE PRESIDENT 

The PRESIDENT, 

The W Jiite House. 

Srn: This is a report on an amendment to the Code of Fair Competition for the Solid Braided Cord Industry. Notice of Opportunity to be Heard on this amendment was published on June 18, 

1934; no objections were received within the given fifteen (15) day 

period ending July 3, 1934. The amendment, which is attached, was 

presented by duly qualified and authorized representatives of the 

Industry, complying with statutory requirements and being the duly 

constituted Code Authority under the provisions of the said Code for 

said Industry. 

This amendment provides for assessment of the members of the 

Solid Braided Cord Industry to defray the expenses of the Code 

Authority as set forth in Executive Order No. 6678, dated April 

14, 1934. 

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 aniendme.nt 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 con1merce 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 of labor and 111anagement under adequate 

governmental sanction and supervision, by eliminating unfair con1-

petitive 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 amended complies in all respects with the pertinent provisions of said Title of said Act1 including without limitation ub-section (a) of Section 3, sub-section (a) of Section 7 and 

sub-section (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 practices. 

( e) 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. 

(2) 
3 

( f) Those engaged in other steps o:f the economic process have not 

been deprived o:f the right to be heard prior to approval of said 

amendment. 

For those reasons the amendment has been approved. 

Respectfully, 

SEPTEl\{BER 13, 1D34. 

HUGH S. JOHNSON, 

Adrninistrator. 
AMENDMENT TO CODE OFF AIR COMPETITION FOR THE 

SOLID BRAIDED CORD I DUSTRY 

Article IX, Section 8 and Section 9, of the Code of Fair Competition for the Solid Braided Cord Industry shall be amended to read 

as follows: 

8. (a) It being found necessary in order to support the administration of this Code and to maintain the ·tandards of fair competition established hereunder and to effectuate the policy of the Act, 

the Code Authority is authorized: 

(1) 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; 

(2) 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 such budget shall be contributed by members of the 

Industry; 

(3) 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 Industry, and 

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

its own name. 

(b) Each member of the Indu try shall pay his or its equitable 

contribution to the expen es of the maintenance of the Code Authority, determined as hereinabove provided, and subject to rules 

and regulations pertaining thereto is ued by the Administrator. 

Only members of the Industry complying with the Code and contributing to the expenses of its administration as hereinaboye provided, unless duly exempted from making such contributions, 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 

or to make> use of any emblem or insignia of the National Recoverv 

Admini tration. u 

9. (a) The Code Authority shall neither incur nor pay any obligations sub tantially in excess of the amount thereof as estimated in 

it · approved budget, and shall in no event exceed the total amount 

contained in the 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. 

Approved Code o. 308-Amendment No. 1. 

Registry No. 219-01. 

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UNIVERSITY OF FLORIDA 

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