Approved Code No. 264-Amendment No.1 Registry No. 1112--oa 

L 

NATIONAL RECOVERY ADMINISTRATION 

AMENDMENT TO 

CODE OF FAIR COMPETITION 

FOR THE 

FOUNDRY EQUIPMENT 

INDUSTRY 

AS .APPROVED ON AUGUST 13, 1934 

WI DO OUR P.AR1' 

UNITED STATES 

GOVERNMENT PRINTING OFFICE 

WASHINGTON: 1934 

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Approved Code No. 264-Amendment No. 1 

AMENDMENT TO CODE OF FAIR COMPETITION 

FOR THE 

FOUNDRY EQIDPMENT INDUSTRY 

I 

As Approved on August 13, 1934 

ORDER 

APPROVING MoDIFICATION OF ConE oF FAIR CoMPETITION FOR THE 

FouNDRY EQUIPMENT INDUSTRY 

An application having been duly made fursuant to and in full 

compliance with the provisions of Title I o the National Industrial · 

Recovery Ac~ approved June 16, 1933, for the approval of a modification to a t;ode of Fair Competition for the Foundry Equipment 

Industry, and opportunity to be heard thereon having been duly 

noticed and the annexed report on said modification, 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. J~hnson, Administrator for Industrial Recovery, 

pursuant to authority vested in me by Executive Orders of the 

President, including Executive Order No. 6543-A1 dated December 

30, 1933, and otherwise .i do hereby incorJ?orate, by reference said 

annexed report and do tind that said modification and the Code as 

constituted after being modified 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 modification 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 modified, such approval and such modification to take effect 

ten (10) days from the date hereof, unless good cause to the contrary is shown to the Administrator before that time and the 

Administrator issues a subsequent order to that effect. 

Approval recommended: 

HuaH S. JoHNSON, 

A.d1ninistrator for Industrial Recovery. 

BARTON W. MuRRAY, 

Division Administrator. 

wASHINGTON, D.C., 

A. uqust 13, 1934. 

80256°----1044-70----34 (1) 
REPORT TO THE PRESIDENT 

The PRESIDENT, 

The White House. 

SIR: This is a report on the Modification of the Code of Fair Competition :for the Foundry Equipment Industry to incorporate the 

principles contained in Executive Order of April 14, 1934 relating 

to collection of expenses of Code Administration. This Modification was proposed in accordance with Article IX of the Code as 

approved February 6, 1934,__ and Notice of Opportunity to be Heard 

was given from July 10 to July 25, 1934. 

FINDINGS 

The Deputy Administrator in his final report to me on said l\1odification 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 Modification to said Code and the Code as modified are 

well desirrned 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 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 restrictjon of production (except as may be temporat·ily 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 modified 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 Modification and the Code as modified are not designed 

to and will not permit monopolies or monoJ?olistic practices. 

(d) The Modification and the Code as modified are not designed 

to and will not eliminate or oppress small enterprises and will not 

operate to discriminate against them. 

(e) Those engaged in other steps of the economic process have 

not been deprived of the right to be heard prior to approval of said 

Modification. 

For these reasons, these modifications have been approved by me; subj~t, however, to a ten day waiting period as provided in the 

Order of Approval. 

Respectfully, 

AoousT 13, 1934. 

(2) 

H uGHS. JoHNSON, 

Administrator. 
MODIFICATION OF CODE OF FAIR COMPETITION FOR 

THE FOUNDRY .EQllPMENT INDUSTRY 

PURPOSE 

Pursuant to Article IX of the Code of Fair Competition for the 

Foundry Equipment Industry, duly approved by the Administrator 

on February 6, 1934, and further to effectuat€ the policies of Title I 

of the National Industrial Recovery Act, the following modification 

is established as a part of said Code of Fair Competition and shall 

be binding upon every member of the Foundry Equipment 

Industry. 

MoDIFICATION 

Delete Paragraph (b) of Article VI, Section 2 and substitute in 

lieu thereof the following: 

(b) 1. 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 Authority is authorized: 

(a) 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; 

(b) 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; 

(c) After such budget and basis of contribution have been approved by the Administrator1 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. 

2. Each member of the industry shall pay his or its equitable contribution to the expenses of the maintenance of the Code Authority, 

determined as hereinabove provided, and subject to rules and regulations pertaining thereto issued by the Administrator. Only members 

of the industry complying with the code and contributing to the expenses of its administration as hereinabove 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 Recovery Administration. 

3. The Code Authority shall neither incur nor pay any obli~ation 

substantially in excess of the amount thereof as estimated In its 

(3) 
4 

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 No. 264-Amendment No. 1. 

Registry No. 1112--02. 

0 . 
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