Approved Code No. 84-Supplement No. 16 Registry No. 1122-18 

NATIONAL RECOVERY ADMINISTRATION 

SUPPLEMENTARY 

CODE OF FAIR COMPETITION 

FOR THE 

SN AP FASTENER 

MANUFACTURING INDUSTRY 

(A Division of the Fabricated Metal Products 

Manufacturing and Metal Finishing 

and Metal Coating Industry) 

AS APPROVED ON APRIL 6, 1934 

'WE DO OUR PART 

"----

UNITED STATES 

I 

GOVERNMENT PRINTING OFFICE 

WASHINGTON: 1934 

I ' 

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Approved Code No. 84-Supplernent No. 16 

SUPPLEMENTARY CODE OF FAIR COMPETITION 

FOR THE 

SNAP FASTENER MANUFACTURING INDUSTRY 

As Approved on April 6, 1934 

ORDER 

APPROVING SUPPLEMENTARY CODE OF FAIR COMPETITION FOR THE SNAP 

FASTENER l\:fANUFACTURING INDUSTRY 

A DIVISION OF THE FABRICATED METAL PRODUCTS MANUFACTURING AND 

METAL FINISHING AND METAL COATING INDUSTRY 

An application having been duly made fursuant to and in full 

compliance with the provisions of Title I o the National Industrial 

Recovery Act, approved June 16, 1933, and in accordance with the 

provisions of Section I of Article VI of the Basic Code for the Fabricated l\fetal P roducts Manufacturing and l\ietal Finishing and 

Metal Coating Industry, approved November 2, 1933, £or approval of 

a Supplementary Code of Fair Competition for the Snap Fastener 

l\ianufacturing Industry, and hearing having been duly held thereon; 

and the annexed report on said Supplementary Code, containing 

findings with respect thereto, having been made and directed to the 

President. 

NO,V, THEREFORE, on behalf of the President of the United 

States, I, H ugh 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 Supplementary Code complies 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 

Supplementary Code of Fair Competition be and it is hereby approved; provided, however, that the provisions of Article VII, 

Paragraph (a), insofar as they prescribe a waiting period between 

the filing with the Code Authority and the effective date of revised 

price lists or revised terms and conditions of sale be and they are 

hereby stayed pending my further Order either within a period of 

51569°-482-38-34 (1) 
2 

sixty days from the effective date of this Supplementary Code or 

after the completion of a study of open price associations now being 

conducted by the National Recovery Administration. 

HUGHS. JOHNSON, 

Administrator for Industrial Recovery .. 

Approval Recommended: 

A. R. GLANCY, 

Division Administrator. 

,v ASfilNGTON' D.C., 

April 6, 1934. 
REPORT TO THE PRESIDENT 

The PRESIDENT, 

The White House. 

Sm: This is a report on the Supplementary Code of Fair Competition for the Snap Fastener Manufacturing Industry, a division of 

the Fabricated Metal Products Manufacturing and 1\1:etal Finishing 

and Metal Coating Industry, the hearing having been conducted 

thereon in Washington, D.C., February 16, 1934, in accordance with 

the provisions of Title I of the National Industrial Recovery Act. 

GENERAL STATEME~T 

The Snap Fastener Manufacturing Industry, being truly representative of this division of the Fabricated Metal Products Manufacturing and Metal Finishing and :Metal Coating Industry, has elected 

to avail itself of the option of submitting a Supplementary Code of 

Fair Competition, as provided for in Section I of Article YI of the 

basic Code, for the Fabricated Metal Products Manufacturing and 

Metal Finishing and Metal Coating Industry approved by you on 

the second day of November, 1933. 

RESUME OF THE CODE 

Article I states the purpose of the Supplementary Code. 

Article II accurately defines specific terms employed in the Supplementary Code. 

Article III. This Industry is a division of the Fabricated Metal 

Products l\fanufacturing and l\fetal Finishing and Metal Coating 

Industry and the labor provisions of its Basic Code, as approved 

November 2, 1933, are the labor provisions of this Supplementary 

Code. 

Article IV establishes a Supplementary Code Authority consisting 

of five ( 5) members to be elected by the members of the Industry at 

a meeting called by the Temporary Supplementary Code Authority 

and gives the Administrator the authority to appoint one additional 

member without vote and provides machinery for obtaining statistics 

and the administration of the Supplementary Code. 

Article V provides for an accounting system and methods of cost 

finding and/or estimating. 

Article VI provides for determining the lowest reasonable cost of 

the products of this Indw,try. 

Article VII provides for methods of setting up and revising price 

lists, and for investigation of price lists and terms of sale. 

Article VIII sets forth the unfair trade practices of this Supplementary Code which has been especially designe~ to offset unfair 

competition in this division of the Industry. 

(3) 
4 

Article IX provides against monopolies and monopolistic practices. 

Article X contains the mandatory provisions contained in Section 

10 (b) and also provides for the submission of proposed amendments 

to the Supplementary Code. 

Article XI recognizes that price increases be limited to actual 

additional increase in the seller's costs. 

Article XII states the effective date of this Supplementary Code. 

FINDINGS 

The Deputy Administrator in his final report to me on said 

Supplementary Code having found as herein set forth and on the 

basis of all the proceedings 1n this 1eatter : 

I find that.: 

(a) Said Supplementary Code is. well designed to promote the 

policies and purposes of Title I of the National Industrial Recovery 

Act, including 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 purposes of cooperative action among the 

trade groups, by inducing and maintaining united action of labor 

and management under adequate governmental sanctions 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 r€quired), 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) Said Industry normally employs not more than 50,000 employees; and is not classified by me as a major industry. 

( c) The Supplementary Code as approved complies in all respects 

with the pertinent provisions of said Title of said Act1 including 

without limitation Subsection (a) of Section 3, Subsection (a) of 

Section 7, and Subsection (b) of Section 10 thereof; and that the 

applicant group is an industrial group truly representative of the 

aforesaid Industry; and that said group imposes no inequitable 

restrictions on admission to membership therein. 

( d) The Supplementary Code is not designed to and will not 

permit monopolies or monopolistic practices. 

( e) The Supplementary Code is not desi~ed to and will not 

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

( 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 

Supplementary Code. 

For these reasons, therefore, I have approved this Supplementary 

Code. 

Respectfully, 

APRIL 6, 1934. 

H UGH s. JOH NSON, 

.Administrator. 
SUPPLEMENTARY CODE OF FAIR COMPETITION FOR 

THE SNAP FASTENER MANUFACTURING INDUSTRY 

A DIVISION OF THE FABRICATED METAL PRODUCTS MANUFACTURING AND 

METAL FINISHING AND METAL COATING INDUSTRY 

ARTICLE I-PURPOSES 

To effectuate the policies o:f Title I o:f the National Industrial Recovery Act, the following provisions are established as a Supplementary Code o:f Fair Competition :for the Snap Fastener Manufacturing Industry. Pursuant to Article VI o:f the Basic Code of 

Fair Competition :for the Fabricated Metal Products Manufacturing 

and Metal Finishing and Metal Coating Industry, approved by the 

President o:f the United States on the second day o:f November, 1933 

the provisions o:f this Supplementary Code shall be the standard of 

fair competition :for and shall be binding upon e~ery member thereof. 

ARTICLE II-DEFINITIONS 

SECTION 1. The term "Snap Fastener Manufacturing Industry" 

1neans the manufacture o:f all snap :fasteners other than those o:f the 

sew-on or slide (interlocking) type, in whole or in part. 

SECTION 2. The terms "President", "Act" and "Administrator" 

as used herein shall mean respectively the President o:f the United 

States, Title I of the National Industrial Recovery Act, and the 

Administrator :for Industrial Recovery under said Act. 

SECTION 3. The term "member o:f the industry" as used herein includes but without limitation any individual, partnership, association, corporation or other :form o:f enterprise engaged in the industry 

either as an employer or on his or its own behalf. 

SECTION 4. The term "Basic Code" as used herein is defined to 

mean the Basic Code o:f Fair Competition :for the Fabricated ~fetal 

Products Manufacturing and Metal Finishing and Metal Coating 

Industry as approved by the President o:f the United States on the 

second day o:f November 1933. 

SECTION 5. The term " Supplementary Code Authority " as used 

herein means the agencv which is to administer this Supplementary 

Code as hereinafter provided. 

SECTION 6. The term "Association" is defined to mean the Snap 

Fastener Manufacturers Association o:f America or its successor. 

SECTION 7. The term "Federation" as used herein is defined to 

mean the Fabricated Metal Products Federation or its successor. 

ARTICLE III-EMPLOYMENT PROVISIONS 

This Industry is a division o:f the Fabricated Metal Products Manufacturing and Metal Finishing and Metal Coating Industry, and 

without limitatiqn the wage, hour and labor provisions in Article JII 

(o) 
6 

of its Basic Code as approved by the President November 2, 1933, including Section 1 of said Article III by which the provisioI;J.s of 

Sub-sections ( 1), ( 2), and ( 3) of Section 7 (a) of Title I of the 

Act are made conditions of this Code, are specifically incorporated 

herein and made a part hereof as the wage, hour and labor provisions 

of this Supplementary Code. 

ARTICLE IV-ORGANIZATION AND ADMINISTRATION 

SECTION 1. During the period not to exceed sixty (60) days following the effective date of this Supplementary Code, the Supplementary 

Code Committee of the Industry shall constitute a temporary Supple1nentary Code Authority until the Supplementary Code Authority is 

elected. There shall be constituted within the sixty-day period a 

Supplementary Code Authority consisting of five members to be 

elected by the members of the Industry, at a meeting called by the 

Temporary Supplementary Code Authority, upon ten days' notice 

sent by registered mail to all known members of the Industry, who 

1nay vote either in person or by proxy. The members of the Supple1nentary Code Authority first elected shall serve until the following 

annual meeting of the Association, and thereafter, members of the 

Supplementary Code Authority shall be elected at each annual meeting of the Association to serve until the following annual meeting. 

The members of the Supplementary Code Authority shall be elected 

in the following manner : 

(a) One member of the Industry by a majority vote of all members of the Industry present in person or by proxy, each member 

to have one vote. 

(b) One member who is not a member of the Association by 

majority vote of all members of the Industry who are non-members 

of the Association, present in person or by proxy, each member to 

have one vote. 

( c) Three members by fifty-one percent vote of members of the 

Association present in person or by proxy, weighted on the basis of 

o:r;ie vote for each member and one additional vote for each $100,000.00 

of annual sales in the previous calendar year reported to the Temporary Supplementary Code Authority; provided, however that no 

one member may cast more than twenty percent (20%) of total 

number of votes cast. 

A vacancy in the membership of the Supplementary Code Authority may be filled by majority vote1 of the remaining members of the 

Supplementary Code Authority. In addition thereto the Administrator may appoint one member without vote and without compensation from the Industry to serve on the Supplementary Code 

Authority, and together with the Administrator shall receive notice 

of and may sit at all meetings of the Supplementary Code Authority. 

SECTION 2. Any Association 'directly or indirectly participating 

in the selection or activities of the Su:pplementary Code Authority 

shall (1) impose no inequitable restrict10ns on membership, and (2) 

submit to the Administrator true copies of its Articles of Association, By-Laws, Regulations and any amendments when made thereto, 

together with such other information as to membership, organiza-
7 

tion, and activities as the Administrator may deem necessary to 

effectuate the purposes of the Act. 

SECTION 3. In order that the Supplementary 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 prescribe such Hearings as he may deem proper; and, thereafter, if he shall find that the Supplementary Code Authority is not 

truly representative or does not in other respects comply with the 

provisions of the Act, may require an appropriate modification in 

the method of selection of the Supplementary Code Authority. 

SECTION 4. All members of the Industry are subject to the jurisdiction of this Supplementary Code; shall be entitled to participate 

in and share the benefits of the Supplementary Code Authority; 

shall be entitled to vote as provided in Section 1 of this Article, 

and shall pay their reasonable share of the expenses of the Administration of this Supplementary Code, such reasonable share to be 

determined by the Supplementary Code Authority, subject to review 

by the Administrator on the basis of volume of business and/or such 

other factors as may be deemed equitable by the Supplementary 

Code Authority. 

SECTION 5. Nothing contained in this Supplementary Code shall 

constitute the members of the Supplementary Code Authority 

partners for any purpose. 

SECTION 6. The Supplementary Code Authority shall also from 

time to time furnish to the Basic Code Authority, designated in said , Basic Code, such information as may be required to be furnished ' 

under terms of said Basic Code. 

SECTION 7. The Supplementary Code Authority shall have the 

following further powers and duties under such rules and regulations 

as may be prescribed by the Administrator. 

(a) To insure the execution of the provisions of this Supple-. mentary Code and provide for the compliance of the industry with 

the provisions of the Act. 

(b) To adopt such by-laws and rules and regulations for its pro-. 

cedure and for the administration of this Supplementary Code. 

(c) To obtain from members of the industry such information and 

reports as are required for the administration of the Supplementary 

Code, which information and reports shall be submi.tted by members 

to such administrative and/or government agencies as the Administrator may designate; provided that nothing in this Supplementary 

Code shall relieve any member of the industry of any existing obligations to furnish reports to any government agency. No individual 

report.s shall be disclosed to any other member of the industry or any 

other party except to such governmental agencies as may be directed 

by the Administrator. 

( d) To use such trade associations and other agencies as it deems 

proper for the carrying out of any of its activities provided for 

herein, provided that nothing herein shall relieve the Supplementary 

Code Authority of its duties or responsibilities under this Supplementary Code and that such trade associations and agencies shall at 

all times be subject to and comply with the provisions hereof. 
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( e) To make recommendations to the Administrator for the coordination of the administration of this Supplementary Code with 

such other codes, if any, as may be related to the industry. 

( f) To secure from members of the industry an equitable and 

proportionate payment of the reasonable expenses of maintaining the 

Supplementary Code Authority and its activities. 

(g) To cooperate with the Administrator in regulating the use 

of any N.R.A. insignia solely by those members of the industry who 

have assented to, and are complying with, this Supplementary· Code. 

(h) To recommend to the Administrator further fair trade practice provisions to govern members of the industry in their relations 

with each other or with other trades or industries and to recommend 

to the Administrator measures for industrial planning, including 

stabilization of employment. 

( i) If the Adminisfrator shall determine that any action of a 

Code Authority or agency thereof may be unfair or unjust or contrary to the public interest, the Administrator may require that 

such action be suspended to afford an opportunity for investigation 

of the merits of such action and for the consideration by such Code 

Authority or agency pending final action which shall not be effective 

unless the Administrator approves or unless he shall fail to disapprove after thirty days' notice to him of intention to proceed with 

such action in the original or modified form. 

ARTICLE V'-AccouNTING AND CosTING 

(a) ,vith respect to that portion of his product which is within 

the industry, every 1nember of the industry shall use an accounting 

t;ystem for determining his allowable cost which conforms to the 

principles of the uniform method of a~counting, and the uniform 

method of costing, to be formulated by the Supplementary Code 

Authority and approved by the Administrator with such variations 

therefrom as may be required by the individual conditions affecting 

any member of the industry. 

(b) Selling Below Reasonable Oost.-When the Supplementary 

Code Authority determines that an emergency exists in this industry 

and that the cause thereof is destructive price-cutting such as to 

render ineffective or seriously endanger the maintenance of the provisions of this- Supplementary Code, the Supplementary Code 

Authority may cause to be determined the lowest reasonable cost 

of the products of this industry, such determination to be subject to 

such notice and hearing as the Administrator may require. The 

Administrator may approve, disapprove, or modify the determination. Thereafter, during the period of the emergency, it shall be 

an unfair trade practice for any member of the industry to sell 

or offer to sell any products of the industry for which the lowest 

reasonable cost has been determined at such prices or upon such 

terms or conditions of sale that the buyer will pay less therefor 

than the lowest reasonable cost of such products. 

When it appears that conditions have changed, the Code Authority, upon its own initiative or upon the request of any interested 

party, shall cause the determination to be reviewed. 
9 

ARTICLE VI-SELLING BEL'ow CosT 

No member of the industry shall sell or exchange any product 

of the industry, manufactured by him, at a price, or upon terms 

and conditions, which will result in the purchaser paying for the 

goods received, less than the allowable cost thereof to the seller, 

determined in accordance with a uniform method of costing described in Article V; provided, however, that any member of the 

industry may sell below his costs in order to meet competitive prices 

filed in accordance with the provisions of Article VII of this Supplementary Code, or to meet competition from products of equivalent aesign, character, quality, or specifications, manufactured 

outside the United States. 

Dropped lines, or seconds, or inventories which must be converted 

into cash to meet emergency needs may be disposed of by any member of the industry, at any price and on any terms and conditions, 

but ohly if such member of the industry has filed with Supplementary Code Authority, not less than two weeks before such disposal, 

a statement in writing, setting forth the fact of and reasons for, 

such proposed disposal. 

ARTICLE VII-PRICE LISTS 

(a) Each member of the industry shall within ten (10) days 

after the effective date of this Supplementary Code, file with the 

Supplementary Code Authority a net price list, or a price list and 

discount sheet, as the case may be, individually prepared by him, 

quoting prices for various grades and finishes to all buyers. Such 

.1>rice lists shall be in such form as the Supplementary Code 

.Authority may prescribe showing his current prices, or prices and 

discounts, and terms of sale and payment, and the Supplementary 

Code Authority shall immediately publish and send copies thereof 

to all known manufacturers of such specified products. Revised 

price lists and/or discount sheets and/or all other conditions of sale 

may be filed from time to time thereafter with the Supplementary 

Code Authority by any member of the industry, to become effective 

three (3) working days after actual receipt by the Supplementary 

Code Authority. Copies of such revised price lists and/or discount 

sheets and/ or all other conditions of sale with notice of the effective 

date specified, shall be immediately published and sent to all members of the industry, who are cooperating in this Supplementary 

Code, any of whom may file if he so desires, to become effective upon 

the date when the revised price list and/or discount sheet -and/or 

all other conditions of sale first filed shall go into effect, revisions of 

his price lists, and/or discount sheets and/or all other conditions of 

sale establishing prices or prices and discounts not lower or condi- tions of sale not more favorable than those established in the revised 

price lists and/or discount sheets and/or all other conditions of sale 

first filed.1 

(b) If and when the Supplementary Code Authority shall determine that in any branch or subdivision of the industry, not now 

1 See paragraph 2 of order approving _this Code. 
10 

selling its product on the basis of price lists, with or without discount 

sheets, with fixed terms of sale and payment, the distribution or 

marketing conditions in said branch or subdivision are the same as, 

or similar to, the distribution and marketing conditions in a branch 

or subdivision of the industry where the use of price lists, with or 

without discount sheets, and other fixed conditions of sale, is well 

recognized, and that industry where the use of price lists, with or 

without discount sheets, with other fixed conditions of sale should 

be put into effect in such branch or subdivision; then each manufacturer of the product or products of such branch or subdivision shall 

within twenty (20) days after notice of such determination, file with 

the Supplementary Code Authority net price lists or price lists 

and discount sheets, containing all other fixed conditions of sale, and 

such price lists and/or discount sheets and/or other fixed conditions 

of sale may be thereafter revised in the manner herein above provided; provided, however, that the Supplementary Code Authority 

shall make no determination to place any product of the industry 

( not now on a price list basis) on a price list basis as provided 

in this paragraph (b) of Article VII unless two-thirds of the members who are at that time engaged in manufacturing such product, 

shall affirmatively consent that such determination be made. 

(c) The Supplementary Code Authority shall have power, on 

its own initiative, or on the complaint of any member of the industry, 

to investigate any price or the terms of sale and payment for any 

product shown in anylrice list and/or discount sheet filed with the 

Supplementary Code uthority by any member of the Industry . . Each member of the industry shall furnish the Supplementary 

Code Authority for distribution with such number of copies of his 

price lists and/ or discount sheets as Supplementary Code Authority 

may prescribe, and such price lists shall be available at cost to any 

interested parties. 

(d) No member of the industry shall sell, directly or indirectly, 

by any means whatsoever, any product of the industry covered by 

provisions of this Article VII at a price or at discounts, or on 

other conditions of sale different from those provided in his own 

current net price lists, or price lists and discount sheets. 

ARTICLE VIII-UNFAIR TRADE PRACTICES 

In addition to the Unfair Trade Practices covered by Article V 

of the Basic Code for all purposes of this Supplementary Code the 

following described acts shall constitute unfair practices. Any member of .the industry who shall directly or indirectly through any 

officer, employee, agent or representative use or employ a:p.y of 

such unfair practices shall be guilty of a violation of this Supplementary Code. 

RULE 1. For the purpose of influencing a sale no member of the 

industry shall secretly directly or indirectly offer to make any payment or allowance of a rebate, refund, commission, credit, unearned 

discount or excess allowance, whether in the form of money or 

otherwise, nor shall a member of the industry secretly offer or extend 

to any customer any special service or privilege not extended to 

all customers of the same class. 
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Rm.E 2. No member of the industry shall ship goods on consignment except under circumstances to be defined by the Supplementary 

Code Authority, where peculiar circumstances of the industry require 

the practice. 

RoLE 3. No member of the industry shall knowingly withhold 

from or insert in any quotation or invoice any statement that makes 

it inaccurate in any material particular. 

RuLE 4. No member of the industry shall disseminate, publish, 

or circulate any false or misleading information relative to any 

produd or the price for any product of any member of the industry. 

RULE 5. No member of the industry shall disseminate, publish, 

or circulate false or misleading information relative to products 

manufactured by him, or encourage or continue to sell to any distributor who persists in such practice. ..... 

RuLE 6. 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 repre$entative of another in relation to the business of the emplo~r o-f 

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

without the knowledge of such employer, principal or party. This 

provision shall not be construed to prohibit free and general distribution of articles commonly used for advertising except so ,far 

as such articles are actually used for commercial bribery a.s herein~ 

above defined. 

RuLE 7. No member of the industry shall attempt to induce the 

breach of a contract between a competitor and his customer or source 

of supply; nor shall any member interfere with or obstruct the 

performance of such contractual duties or services. 

RuLE 8. No member of the industry shall fail to charge the customer for stamping dies for special stampings in any case where the 

quantity ordered is below the minimum quantity quoted in printed 

price lists. 

RuLE 9. No member of the industry shall fail to fi.,c minimum 

quantities for production runs of specially designed products with 

definitely ,stated additional charges if production schedules are so 

small as to necessitate shorter runs. 

RuLE 10. No member o.f the industry shall warrant or guarantee 

any product of the industry without limiting said warrant or guarantee specifically to the replacement of defective merchandise. 

RuLE 11. No member of the industry shall accept cancellation of 

specially designed orders except upon reimbur.sement for losses 

resulting. 

RuLE 12. No member of the industry shall ship in greater quantities than are invoiced and paid for. 

RuLE 13. No member of the industry shall replace worn out dies 

with new dies unless he shall procure the return of such old dies. 

RULE 14. No member of the indu,stry shall supply full automatic 

or semi-automatic attaching machines (i.e. either foot or power 

driven) except on outright sale or on the basis of a fixed rental 

royalty or service charge, the terms of such agreement to be filed 

with the Supplementary Code Authority. All rental charges for 

such machines shall be printed and rigidly adhered to and shall be 
12 

in accordance with a form to be determined by the Supplementary 

Code Authority and approved by the Administrator. 

RuLE 15. No member o:f the industry shall .fail to imprint on all 

order :forms and bill heads definite credit terms, prices, and trade 

discounts, or shall :fail to rigidly adhere to and enforce all such 

terms and conditions. 

Rule 16. No member o:f the industry shall aid or abet any person, 

firm, association, or corporation in any unfair practice established in 

this Code. 

ARTICLE IX-MONOPOLIES 

No provision o:f this Supplementary Code shall be applied so as 

to permit monopolies or monopolistic practices, or to eliminate, 

oppress or discriminate against small enterprises. 

ARTICLE X-MomFICATIONS 

SECTION 1. This Supplementary Code and all the provisions thereof are expressly made subject to the right o:f the President, in 

accordance with provisions o:f subsection (b) o:f Section 10 o:f the 

Act, :from time to time to cancel or modify any order, approval, 

license, rule or regulation issued under said Act. 

SECTION 2. This Supplementary Code, except as to provisions 

required by the Act, may be modified on the basis o:f experience or 

changes in circumstances such modifications to be based upon application by the Supplementary Code Authority to the Administrator 

and such Notice and Hearing as he shall specify and to become 

effective and be a part o:f this Supplementary Code on approval by 

the President. 

ARTICLE XI-PRICE INCREASES 

Whereas the policy o:f the Act to increase real purchasing power 

will be made more difficult o:f consummation i:f prices o:f goods and 

services increase as rapidly as wages, it is recognized that price 

increases except such as may be required to meet individual costs 

should be delayed, but when made, such increases should, as far as 

possible, be limited to actual additional increases in the seller's costs. 

ARTICLE XII-EFFECTIVE DATE 

This Supplementary Code shall become effective at 12: 01 o'clock 

A.M., on the tenth day after it is approved by the President. 

Approved Code No. 84-Supplement No. 16. 

Registry No. 1122-18. 

0 

UNIVERSITY OF FLORIDA 

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