Approved Code No. 330-Amendment No. 1 Registry No. 1632-27

NATIONAL RECOVERY ADMINISTRATION

AMENDMENT TO

CODE OF FAIR COMPETITION

FOR THE

SCRAP IRON, NONFERROUS SCRAP

METALS AND WASTE MATERIALS

TRADE

AS APPROVED ON OCTOBER 25, 1934

WE DO OUR PART

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Approved Code No. 330-Amendment No. 1

AMENDMENT TO CODE OF FAIR COMPETITION

FOR THE

SCRAP IRON, NONFERROUS SCRAP METALS AND

WASTE MATERIALS TRADE

As Approved on October 25, 1934

ORDER

APPROVING AMENDMENT OF CODE OF FAIR COMPETITION FOR TIlE SCRAP

IRON, NONFERROUS SCRAP METALS AND WASTE MATERIALS 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 an amendment to a Code of Fair Competition for the Scrap Iron, Nonferrous

Scrap Metals and Waste Materials Trade, and hearings 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, the National Industrial Recovery Board, pursuant to authority vested in it by Executive Orders of the President, including

Executive Order No. 6859, 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 policies and purposes of said Title 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.

NATIONAL INDUSTRIAL RECOVERY BOARD,

By G. A. LYNCr, A dmJnhstrative Officer.

Approval recommended:

ROBERT L. HOUSTON,

Division Administrator.

WASrINGTON, D. C.,

October 25, 1934.

936309-1244-94-34 (1)
REPORT TO THE PRESIDENT

The PRESIDENT,

The W/ite Ho-use.

Smi: This is a report on an amendment to the Code of Fair Competition for the Scrap Iron, Nonferrous Scrap Metals and Waste

Materials Trade, on which a Notice of Opportunity to be Heard was

published on September 10, 1934.

Tris amendment provides for the assessment of the members of

the Trade to support the cost of administration of the Code.

The Deputy Administrator in his linal 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 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 vill provide for the general

welfare by promoting the organization of industry for the purpose

of cooperative 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 agricultural products through increasing purchasing powe, by reducing and relieving

Unemii ploynent, by improving standards of labor, and by otherwise

rehabilitating industry.

(b) The Code as amended complies in all respects with the pertinent provision of said Title of said Aut, including without limitation subsection (a) of Section 3, subsection (a) of Section 7, and

subsection (b) of Section 10 thereof.

(c) Tlie Code empowers the Code Authority to present the aforesaid amniendment on behalf of the industry as a whole.

(d) The amendment and the Code as amended are not designed to

and will niot permit, monopolies or monpolistic practices.

(e) The amendment and the Code as a mended are not desigwed to

and will not eliminate or oppress small enterprises and will not

Operate to discriminate against themi.

(f) Tlse engagedd in other steps of the economic process have not

been deprived of the right, to be heard prior to approval of said

ai mel1 lment.

For these rea,-ons, this amendnient, has been approved.

For the National Imdustrial Recovery Board:

G. A. LYNch,

dm in istatire Officer.

OCTOBER 25, 1934.

(2)
AMENDMENT TO CODE OF FAIR COMPETITION FOR

THE SCRAP IRON, NONFERROUS SCRAP METALS, AND

WASTE MATERIALS TRADE

Article VI is hereby amended by deleting Section 4 and substituting in lieu thereof the followinr:

4. (a) 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 Authorities are authorized:

(1) To incur such reasonable obi igations as are necessary and

proper for the foregoing purposes, and to meet ,-,uch oblioations 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 sul mit to the National Industrial Recovery Board for its

approval, subject to such notice and opportunity to be leard as it

may deem necessary:

(A) Itemized budgets of their estimated expenses for the foregoing purposes, and

(B) Equitable bases upon which the funds necessary to support

such budgets shall be contributed by members of the Trade.

(3) After such budgets and bases of contribution have been approved by the National Industrial Recovery Board, 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,

(b) Each member of the Trade shall pay his or its equitable contribution to the expenses of the maintenance of the Code Authorities

determined as hereinabove provided, and subject to rules amd regulations pertainilig thereto issued by the National Industrial Recovery

Board. Only members of the Trade complying with the Code and

contributing to the expenses of its administration as hereinabove provided, unless duly exempted from making such coitributiois, shall

be entitled to participate in the selection of members of the Code

Authorities or to receive the benefits of any of their volmtary activities or to make use of any emblem or insignia of the National

Recovery Administration.

(c) The Code Authorities shall neither incur nor pay any obligation substantially in excess of the amount thereof as estimated in

their approved budgets, and shall in no event exceed the total amount

contained in the approved budgets, except ulpol approval of the National Industrial Recovery Board; and no subsequent budgets shall

contain any deficiency item for expenditures in excess of prior budget

estimates except those which the National Industrial Recovery Board

shall have so approved.

Approved Code No. 330-Amendment No. 1.

Registry No. 1632-27.

0

(3)


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