Approved Code No. 195 Registry No. 314-61 

NATIONAL RECOVERY ADMINISTRATION 

CODE OF FAIR COMPETITION 

FOR THE 

AMERICAN MATCH INDUSTRY 

AS APPROVED ON DECEMBER 30, 1933 

BY 

PRESIDENT ROOSEVELT 

. -· ....... o~- .,. . ----

. DEPO@MTOllrV 

1. Executive Order 

2. Letter of Transmittal 

3. Code 

UNITED STATES 

GOVERNMENT PRINTING OFFICE 

WASHINGTON: 1934 

l { \ 

\\ \ l 

For sale by the Superintendent of Documents, Washington, D.C. - - - - - - - - Price 5 cents 
This publication ls for sale by the Superintendent of Documents, Government 

Printing Office, Washington, D.C., and by district offices of the Bureau of Foreign 

and Domestic Commerce. 

DISTRICT OFFICES OF THE DEPARTMENT OF COMMERCE 

Atlanta, Ga. : 504 Post Office Building. 

Birmingham, Ala. : 257 Federal Building. 

Boston, Mass. : 1801 Customhouse. 

Buffalo, N.Y.: Chamber of Commerce Building. 

Charleston, S.C. : Chamber of Commerce Building. 

Chicago, Ill.: Suite 1706, 201 North Wells Street. 

Cleveland, Ohio: Chamber of Commerce. 

Dallas, Tex. : Chamber of Commerce Building. 

Detroit, Mich.: 2213 First National Bank Building. 

Houston, Tex. : Chamber of Commerce Building. 

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Jacksonville, Fla.: Chamber of Commerce Building. 

Kansas City, Mo.: 1028 Baltimore Avenue. 

Los Angeles, Calif.: 1163 South Broadway. 

Louisville, Ky. : 408 Federal Building. 

Memphis, Tenn. : 229 Federal Building. 

Minneapolis, Minn.: 213 Federal Building. 

New Orleans, La. : Room 225-A, Customhouse. 

New York, N.Y.: 734 Customhouse. 

Norfolk, Va.: 406 East Plume Street. 

Philadelphia, Pa. : 933 Commercial Trust Building. 

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Portland, Oreg.: 215 New Post Office Building. 

St. Louis, Mo.: 506 Olive Street. 

Sa:n Francisco, Calif. : 310 Customhouse. 

Seattle, Wash. : 809 Federal Building. 
Approved Code No. 195 Registry No. 314-01 

ERRATA SHEET 

CODE OF FAIR COMPETITION 

FOR THE 

AMERICAN MATCH INDUSTRY 

As Approved on December 30, 1933 

The second line of Article VII, Price Lists and Discount Sheets 

(page 628), should read as follows: 

"his net current price lists or price lists WITH discount,". 

34059-34 

I 

I 

U , S, GOVERNMENT PRINTING OFFICE, UM 

Approved Code No. 195 

CODE OF FAIR COlVIPETITION 

FOR THE 

AMERICAN MATCH INDUSTRY 

As Approved on December 30, 1933 

BY 

PRESIDENT ROOSEVELT 

Executive Order 

• 

An application having been duly made, pursuant to and in full 

compliance with the provisions of Title I of the ational Industrial 

Reco,ery Act, approved June 16, 1933, for my approval of a Code 

of Fair Competition for the American Match Industry, and hearings having been held thereon and the Administrator having rendered his report containing an analysis of the said Code of Fair 

Competition together with his recon1mendations and findings with 

respect thereto, and the Administrator having found that the said 

Code of Fair Competition complies in all respects with the pertinent 

provisions of Title I of said Act and that the requirements of 

clauses (1) and (2) of subsection (a) of. Section 3 of the said Act 

have been met: 

NOW, THEREFORE, I, Franklin D. Roosevelt, President of 

the United States, pursuant to the authority vested in me by Title I 

of the National Industrial Recovery Act, approved June 16, 1933, 

and otherwise, do adopt and approve the report, recommendations 

and findings of the Administrator and do order that the said Code 

of Fair Competition be and is hereby approved. 

Approval recommended : 

H U GH S. JOHNSON, 

Adniinist1·at01·. 

THE ,vHlTE Hou sE, 

December 30, 1933. 

FRANKLIN D. ROOSEVELT. 

(621 ) 

29s~s·-2n6- 211--34 
DECEMBER 19 1933. 

The PRESIDENT, 

The White House. 

Srn: A Public Hearing on the Code of Fair Competition for the 

American Match IndustrJ:1... submitted by the Match In titute, Graybar Building, New York, .N.Y., was conducted in ,Va hington on the 

23rd of October 1933 in accordance with the provi ·ion of the 

National Industrial Recovery Act. This As ociation claim t r present approximately one hundred percent (100%) of the Inclu try. 

The maximum hours permitted under this ode are forty ( 40) per 

week or sixteen (16) hours in any two-day perio 1. Provi ion is 

made for thirty- 1x (36) hours overtime in any three (3) months' 

period. Time and one third to be paid for all hour work d in 

exce of forty (40) per week. Chauffeurs, truckmen, etc., may work 

forty-eight ( 48) hour per week, but this type of employ e hall not 

exceed ten percent (10%) of the total number of employees. Watchmen may work fifty-six (56) hours per week. Office emJ?lo ees, 

receiYing le · than $35.00 per we k, may work forty-four (44) hours 

per week. • 

The minimum wage for male employee is fifteen dollar and 

twen() cents ($15.20) per week, or thirty-eight cents (38¢) per hour; 

female , twelve dollar ( 12.00) per week, or thirty cent (30 ) per 

hour. Where females perform sub tantially the same work a males 

they are to receive the same pay. Learners, who hall be paid not 

le s than eighty percent (80%) of the minunum wage for a six 

week ' learning period, are provided for, but they shall not e. ·eed 

eight perc nt (8 % ) of the total number of employee . 

The American ~latch Indu try unlike mo t indu tries. n ither 

oYerlap nor i · OYerlapped by any other indu try. omp titian from 

abroad ha alway been sever and at pre ent the Am rican Iat h 

Industr ' i · being .-nbjected to rivalry never e. perien d b f re. For 

in tan c, nine cliff rent countrie ha e been dumpino- mat he into 

the merican market and, of the e Japan repr , nt. u typi al 

exampl . 1atch fr m that untr3 are produced for 11¢ a QTOand ar delivered to the Am ri an mark t for 44 wher a it o t 

the dom ti manufacturer 66 a oTo . 1\1:echanical li .... ht r and 

pilot light~ al o repr ent factor in competition with thi · Indu tr . 

In 1929 the m rican Mat h Indu tr. I reduce 1 a11 roximat ly 

'20 351 0_.5 worth of matche . During 1931 thi had b en re lu d 

appro imat ly 1 'fc . Of the 21 oncern · pcrating in 1929 th re 

ere nin t en (19) operatino- in 1931. Fio·nre ar nl , availabl 

np to the nd of 1931. 

Wa e- arner em.r 1 . 'ment cl clin 1 15.2 p r nt from 1929 to 1931. 

To brino· th numb r f wag arn r ba k to th 19.;.;9 1 ~l it w uld 

be ne . · ·ary for th Indu. tr. t adopt a 43-hour w·e k. How ver 

on th ba ·i · of a 40-hour week m r wa<1 arn r will b 3 pla ed on 

the pa , roll of thi · Inclu. try than w r mpl d in 19:...9. Thi will 

(622) 
623 

mean the reemployment of approximately 674 wage earners. It is 

estimated that this will mean an increase of 26.9 percent over the 

1931 pay-roll total. 

FINDINGS 

The Administrator finds that: 

(a) The Code as recommended, complies in all respects with the 

pertinent provisions of Title I of the Act, including, without limitation, subsection (a) of Section 7, and subsection (b) of Section 10 

thereof; and th.at 

(b) The Match Institute, the applicant group herein, imposes no 

inequitable restrictions on admission to membership and is truly 

representative of the American Match Industry. 

( c) The Code as recommended is not designed to promote monopolies or to eliminate or oppress small enterprises and will not operate 

to discriminate against them, and will tend to effectuate the policy 

of Title I of the National Industrial Recovery Act. 

This Industry has cooperated in a mo t satisfactory manner with 

the Administration in the preparation of this Code. Froi;n evidence 

adduced during this hearing and from recommendations and reports 

of the various Advisory Boards it is believed that this Code as now 

proposed and revised represents an effective, practical, equitable 

solution for this Industry and its approval as herewith submitted 

is recommended. 

Respectfully, 

HUGH S. JOHNSON, 

Adm,inistrator. 
CODE OF FAIR COMPETITION 

FOR THE 

AMERICAN MATCH INDUSTRY 

ARTICLE I-PURPO 'ES 

To effectuate the policies of Title I of the National Indu trial 

Recovery Act, the following provisions are established a a Code of 

Fair Competition for the Match Industry, and shall be the standard 

of fair competition for this Industry and binding upon eYcry member 

thereof. 

ARTICLE II-DEFINITIONS 

1. The term " 1\Ia tch Industry " as used in this Code means the 

manufacture for sale of matches, including the "Strike-Anywhere", 

"Strike-on-Box " and "Book Match " varieties. 2. The term ' 1\1atch In titute" as used herein mean the Trade 

A. ociation of the American 1\fatch 1\1:anufacturing Indu try whose 

ad<lre~ · is 420 Lexington Avenue, New York City. 3. The term " employee " as used herein include anyone engaged 

in the industry in any capacity receiving compensation for his 

services irrespective of the nature or method of payment of such 

compen ation. 

4. The term "employer ' a u d herein in lude an3 on by whom 

any . n h employee is compcn:::ated or employed. 

5. The term "broker a u ·ed herein m ans an agent f a manufacturer who obtains no title to the good but ell the ame, for 

the manufacturer on cornmi ·ion. 

u. The t rm '' ct" and "Admini. trator " a use l herein hall 

mean re pectively Title I of the ational Indu trial Recm'ery Act 

and the Admini trator for Industrial Recovery . 

.;\RTT 'LE III- Ho R 

1. r o em plo ce . ·hall be per mitt l to w rk in ex·ce of f rty ( 40) 

hour. in any one we k nor in exc s of . ixteen (16) hour in any two 

con. · cntive day. x pt a follow : 

(a) Employe . may b p rmittecl t work thirty- ix (36) hour , .. ertime every thr e (3) month. ·, during emergency period of peak 

production provi 1 d hat no employee shall be permitt d to work 

for more than :forty- ight ( 48) hour in any one week n r more than 

eight (8) hour in an one day and provided :further that time and 

one third hall b paid for all hours work d in exce of f rty ( 40) 

(624) 
625 

hours in any one week. Machine repair and maintenance men are 

specifically excepted from the provisions of this section and such 

employees may work forty-eight ( 48) hours in any one week, provided that time and one third shall be paid to such employees for 

all hours worked in exce s of forty-four ( 44) hours in any one week. 

(b) Chauffeurs, truckmen, shipping crews, engineers, firemen, 

electricians, and cleaners shall be permitted to work not more than 

one hundred sixty-eight (168) hours in any period of four ( 4) consecutiYe weeks, nor more than ten (10) hours in any one day and 

forty-eight ( 48) hours in any one week provided that all of such 

employees shall not exceed ten percent (10%) of the total number 

of employees in any one plant. 

(c) Watchmen shall be permitted to work not more than eight (8) 

hours in any one day and fifty-six (56) hours in any one week. 

( d) The maximum hours herein established shall not apply to 

office employee , executi,es, and employees engaged in a managerial 

capacity, who now receive more than thirty-fl.ye dollars ($35.00) 

per week, or to outside salesmen. 

( e) Office employees receiving less than thirty-five dollars ($35.00) 

per week shall be permitted to work forty-four (44) hours per 

week. provided that the average number of hours per week for such 

employees shall not exceed forty ( 40) when averaged over a threemonths' period. 

( f) It is hereby specifically provided that no limitation on hours 

of work as set forth in this section shall apply to employees, of any 

class, when engaged in emergency work involving break-downs or 

protection of life and property. 

(g) To employee shall be permitted to -work for a total number of 

hours in excess of the number of hours herein prescribed -whether 

he be employed by one or more employers. 

ARTICLE rv-,v AaEs 

1. No male employee shall be paid less than at the rate of fifteen 

dollars and t-wenty cents ($15.20) per week of forty (40) hours or 

thirtJ-eight cents (38¢) per hour· no female employee shall be paid 

less than at the rate of twelYe dollars ($12.00) per week or thirty 

cents (30¢) per hour. 

(a) Females performing sub tantially the same work a males 

shall receive the same pay. 

2. Learners, who are persons having had no previous experience 

or employment in this industry, shall be paid not less than eighty 

percent (80%) of the minimnm wage herein provided for a forty 

( 40) hour week· provided, however, that such learners hall be 

limited to a ix weeks learnino- period and provided further that 

the number of learners employed by any one employer in any one 

month shall not exceed eight percent (8% ) of the total number of 

employees of such employer. 

3. This Article establi he a minimum rate of pay which shall 

apply, irrespective of whether an employee i actually compen ated 

on time-rate, piecework performance, or other ba ·i . 

4. The hourly rate, the base piecework rate. and .·nlaries for all 

duties. and occupations no,v paid at more than the minimum herein 
626 

pr s ribed hall be quitably aclju ted by all m mb rs of the indu try 

ho ha not alr ad done o, and in no a e hall the e rat be 

l creased. Report cone rning th action taken wh ther prior to 

or af~r the date of approval of this Cod shall b r ported to the 

ode Authority not later than thirty da 1 after th ffe tive date, 

and to the Administrator upon his r qu t. 

ARTI LE Y-GEx1m L LAB JR PR n 10 ... ' 

1. o per on und r i:s:teen (16) year of a ·e hall be en1ployed 

in the industry nor an rone under eighte n ( 1 ) ear of a o-e at op rations or occupation hazardous in nature or detrimental to health. 

The Code Authorit hall submit to the Administrator a li t of uch 

occupations. In an State an employer shall be d med to have 

complied with this provision if he shall have on file a c rtificate or 

permit duly is ued by the authority in such State empower d to 

issue employment or age certificate or permit showing that the 

employee is of the required age. 

2. Employees shall have the right to organize and bargain collectively through representatives of their own choosing, and hall 

be free from the interference, restraint, or coercion of en1ployers of 

labor or their agents in the designation of su h repre entative or 

in self-organization or in other concerted activities for the pnrpo e 

of collective bargaining or other mutual aid or protection. 

3. 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 own choosing, and 

4. Employers shall comply with the maximum hours of labor 

minimum rates of pay and other conditions of employm nt approved 

or prescribed by the President. 

5. No provision in this Code hall super ede any State or Federal 

law which impo es on emplo er more stringent requirements as to 

age of employees, wages, hours of work or as to safety, health, 

sanitary or general working onditions then are impo ed by this 

Code. 

6. Emplo er shall not recla ify emplo ee or duties of occupation performed by employe o as to defeat the purpo e of th 

A ·t. 

7. Each employer hall po t and keep posted full copie of thi 

od in con ·picuou place acce ible to employee . 

ARTI LE VI-An11IINI TRA TION 

1. A Code Authority is hereby e tabli hed to coop rate with the 

Admini trator in the a lmini tration of thi code and hnll on i t 

of three (3) members to be ch en by the industry throu 0 h a fair 

m th d of lection approved by the dmini trator. 'lh dmini - trator in his di r tion may appoint not more than thr e (3) additional m mb r · without vote ( and without c rope ation from the 

indu try) to erYe f r uch p ri cl of time and t r pr ent the 

Admin1 trat r or uch group or o-roup a he may de iITT1ate. 
627 

(a) Vacancies in the personnel of the Code Authority selected by 

the industry shall be filled, pending a selection as provided for the 

appointment of the original members, though appointment by the 

Administrator upon nomination of the Code Authority. 

(b) Each trade or industrial association directly or indirectly participating in the selection or activities of the Code Authority shall 

impose no inequitable re trictions on membership, and shall submit 

to the Administrator true copies of its articles of association, bylaws, 

regulations, and any amendments when made thereto, together with 

such other information as to membership, organization, and activities as the Administrator may deem necessary to effectuate the 

pnrposes of the Act. 

( c) In order that the Code Authority shall at all times be truly 

representative of the industry and in other respects comply with the 

provisions of the Act, the Administrator may provide such hearings 

as he may deem proper; and if he shall find that the Code Authority 

is not truly representative or does not in other respects comply with 

th-0 provisions of the Act, he may take such action as he may deem 

necessary under the circumstances. 

( d) :Members of the industry shall be entitled to larticipate in 

and share the benefits of the activities of the Code uthority and 

to participate in the selection of the members thereof by assenting 

to and complying with the requirements of this Code and sustaining 

their reasonable share of the expenses of its administration. Such 

reasonable share of the expenses of administration shall be determined by the Code Authority, subject to review by the Administrator, on the basis of volume of business and/ or such other fa ctors 

as may be deemed equitable. 

2. The Code Authority shall have the following duties and powers 

to the extent permitted by the Act and subject to the review and 

di approval of the Administrator: 

(a) From time to time to require such reports from the members 

of the industry as may be necessary to adequately provide for the 

administration and to enforce the provisions of this Code. 

(b) To make such inquiry or investigation of this Code, upon complaint of interested parties or upon its own initiative, as may be 

necessary. 

( c) To make rule or regulation neces ary for the administration 

of this Code and to propose and submit to the Admini trator, for the 

approval of the Pre ident, amendment · and/ or modification of this 

Cole. 

( cl) To administer the provisions of this Code and provide for 

the compliance of the inclnstry with the proYision hereof and of the 

Act. 

(e) To adopt rules and regulations _for its procedure and for the 

administration and enforcement of the Code. 

(£) To obtain from member. of the indu try uch information 

and reports as are req11ired for the administration of the Code and 

to provide for submis ion by memb~rs of such information and reports as the Admini, trator may deem neces ary for the purpo es 

recited in Section 3 (a) of the ~ ct. which information and reports 

shall be submitted by members to such arlmini trative and/ or government agencies as the Administrator may designate; provided that 
G_,8 

nothing in thi. Co<l hall reli Y any m mb r 

an xi ting blio-ati n to furni hr p rt to an 

To incli ,·i lnal r port hall b di lo · d t an 

indu tr.' or nn. r other party .x ·ept t u ·h 

as may b lir ·t cl by th \.clmini.-trat r. 

(g) To u.-e .-n ·h tra 1 a~:oc·iution an l th r ao- n ·it•s a it le 11.-

prop r for th can ·ing ut of any of it acti iti : provid d f r 

herein, proYid l that n thing h rein shall r lieve th 'o<l Authority 

of its duti or re p n. ibilitie. uncl r thi · o l and that u h tracl 

a so iati n and agen ·ie hall at all tim b nbje t to an l mpl 

with th pro Yi. ion · her of. 

(h) To make re ommenclati n to the 

dinati n f the admini tration of thi 

if an · a ma3 be related to th indu tr3. 

(i) To ·ecure from member.- of the indu try, who a ent to thi 

Code and parti ipate in the activities of the ocle uthority n h 

proportionate payment of the rea ·onable xpen e of maintaining th 

Code Authority, a may be detennin cl b3 the de Authorit aIHl 

approYed by the Admini -trator. 

(j) To ooperafo with the A lmini trator in recrulating the u_ f 

any T.R.A. in ignia solely by tho e members of th indu try who 

haYe a . ente l to, and are complying with, this o le. 

(k) To r commend to the lmini trator further fair-trade-practice pro i. ·ion to govern member. of the in<lu try in their relation. 

with each ther or with other incln tries and to recommend to th 

Administrator mea ure. for in lu trial planning in lu ling tabilization of employment. 

3. Each m mber of the Ind u try shall install an accounting and 

cost y, tern applicable throughout the indu try, a lopt d by the od 

Authority and approv-ed by the Administrator, within a r a onable 

time and a . oon a practicable after the approv-al by the Pre id nt. 

(a) Each member of the Indu ·try hall furnish to the Code Authority from time to time uch information as may be deemed nee . -

sary for the putting into effect and the effectual working of u h 

ace nnting y tem on form. pre ·cribed by the Code ~ uthority. 

Ann 'LE "\ II-Pm 'E LIST A ~o Dr. T HEET 

1. Ea h m mb r of th indu try hall file with the de Authority 

his n t cun nt price lists or price li t without di ount h et , a th 

case may b which shall become effective imm diatel upon b ing 

filed with th ode Authority· re-vi ed pric li t and di count sh ct. 

may be file<l with the ode Authority from time to tim and shall 

becom ffe ·tiY imm chat ly np n b in<Y fil cl with the l 

Authori y. 

.Ann ·1.1~ , III-'l HADE PRA TI 'E 

f llowinf$ 011:tit.nt unfair meth l of mp tition for 

member of th inc.tu. tr and ar I rohibit d: 

(a) r o m mb r f the in lu try hall s 11 hi produ t.s below the 

pric a , t f rth in hi ne curr nt I ri e li t n file with th ode 

uthority and in n a. at a I ri e 1 than hi own in lividual 

cost, x pt to m t bona fide 0111 p titi 11. 
629 

(b) No member of the Industry shall give, permit to be given, 

or directly offer to give, anything of value for the purpose of influencing or rewarding the action of any employee, agent, or representative of another in relation to the business of the employer of 

such employee, the principal of such agent, or the represented party, 

without the knowledge of such employer, principal, or party. Commercial bribery provisions shall not be construed to prohibit free 

and general distribution of articles commonly used for advertisin~ 

except so far as such articles are actually used for commercial 

bribery as hereinabove defined. 

( c) No member of the Industry hall falsely brand or mark or 

represent products of the Industry in any manner which has the 

tendency to mislead or deceive customers or pro pective cu tomers, 

whether as to the grade, quality, quantity, substance, nature, origin, 

si~e finish, or preparation of any product of the indu try or otherwise. 

( cl) No member of the Indu try shall cau e the defamation of 

competitors by falsely imputing to them dishonorable conduct, inability to perform contracts, questionable credit standing or by 

other false representations or by the false disparagement of the 

grade or quality of their goods. 

( e) No member of the Industry shall gua.~.ntee prices and floor 

stocks against decline in prices. 

(f) No member of the Industry shall pay or allow a commis ion 

or discount except cash discount, on a Federal or State tax. 

(g) No member of the Industry shall store goods with customers. 

(h) No member of the Industry shall allow a credit or discount 

to cu tomers on account of advertising. 

( i) No member of the Industry shall allow a credit or discount to 

customers on account of trucking. 

(j) No member of the Industry hall make sales through brokers 

except under uniform written contract approved by the Code Authorit-, and the Administrator. 

(kf No member of the In<lu.-try shall permit brokers or ale men 

on commission to split or divide commissions. 

(1) No member of the Industry shall sell to broker . 

(m) Jo member of the Indu try :hall make sale to distributors 

not under uniform written contract. embodying the applicable fair 

trade practice proYisions of thi Code adopted by the Code Authority and approved by the Admini trator. 

(n) No member of the Industry shall give or allow discounts in 

addition to those specified in the price li t and/ or price list and 

discount sheet , a the case may be 1 on file with the Code Authority. 

( o) No member of the Indu try hall extend term of payment 

beyond thirty (30) days from elate of hipment. 

(p) No member of the Indu try shall accept order for staple 

products for shipment more than thirty (30) day beyond date of 

the order. 

( q) No member of the IndtLtry hall permit sale of pool cars at 

other than L.C.L. prices, unless the total expense of distribution, 

including freight from the breaking point, is actually le by reason 

of the pooled car shipment. 
630 

{r) .,. o nwmb r of the In lu tr . hall induce or att mpt to indu e 

the breach of an _·i ting oral or writt n contract between a comI etitor and hi cu -tomer or our e of supply, or interfere with or 

ob trurt th p dormance of any uch contractual duti s or ervi e . 

( ) X o member of the Indu try shall make contracts which <lo 

not p ·if_, definit price terms quantitie , and deliv ry <lat . 

(t) J.T member f the Indu try shall on ·iITTl to k · to the jobbing tralle in any manner or for any purpose. 

(u) Xo nwmber of the Indu try ·hall po tdat , ant clat r othcrwi~e {al ·ify inYoice:. 

(v) Ko member of the Indu try hall . e ure confid niial information concerning the bu ine of a competitor by a fal e or misleading 

statement or r pre ntation, by a false impersonation of one in 

authority, by bribery, or by any other unfair method. 

(w) No m mber of the Indu try shall is ue an invoice to any 

purcha r \Yhich do not show the preci e quantity deliYered and 

then t co.~t to the purcha er of such quantity. 

(x) Nothing in this Code shall limit the effect of any adjulication by the ourts or holding by the Federal Trade Commi i n on 

complaint, finding ancl order that any practice or method i unfair, 

providing that such adjudication or holding i not incon i tent with 

uny proYi ion of the Act or of this Code. 

ARTICLE IX-~10DIFIC.\.TIO:N' 

1. Thi Co le an l all the provi ions thereof are xpre . 1 , mad 

subject to the right of the President, in accordance -with the provision of subsection (b) of Section 10 of Title I of the T ati nal Indu~ trial Re oYery Act from time to time to cancel or modify any 

order, approYal, licen e, rule, or regulation is ued und r Title I of 

said Act and specificall3 but without limitation, to the right of 

the President to can el or modify his approval of thi. ode or any 

condition. im1 o .. ed by him upon his appro,al thereof. 

2. Thi od except a to provi ions required by th \.ct, may be 

modified or amended on the basi. of experience or changes in circum tance , uch mo lification or amendm nt to be ba el upon application to th \.dmini ·trator and ·uch notic and hearing a he hall 

specif) and to become effectiY on appro,·al of th Pre 1clent unle~· · othenvj. e pro,idc l. 

.ARTI 'LE .I.. r- ~I ... -oPOLTE , ET . 

1. o proyj:ion of thi. 

monopolies or monopoli ti 

di riminate ao·ain t ·mall 

o appli cl a to p rmit 

or t liminat 01 pr . or 

RTI LE ... ,.. I- Pm 'E Ix ' RE E 

1. \Vb rea: th p licy f th \. t t in r a e real pur ha 'ing 

power will be mad impo ibl of n ummation if pric of <YOOd 

and · 1Ti ·e · increa: a rar i lly a wa~ . it i r ogniz cl that price 
631 

increases should be delayed and that, when made, the same should, 

so far as reasonably po~ ible, be limited to actual increases in the 

seller's costs. 

AnTI LE XII-EFFECTIYE D ATE 

1. This Code shall become cffe(-tive on the second Monday after 

it approval by the Presidc11t. 

Approved Code No. J9fi. 

Regi:::try No. 314- 01. 

() 

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UNIVERSITY OF FLORIDA 

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