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Approved Code No. 178-Amendment No. 1 Registry No. 1225'-0 

NATIONAL RECOVERY ADMINISTRATION 

AMENDMENT TO 

CODE OF FAIR COMPETITION 

FOR THE 

WATCH CASE 

MANUFACTURING INDUSTRY 

AS APPROVED ON OCTOBER 17, 1934 

WE DO OUR PART 

fAll -• ,._ __ .,. 

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Approved Code No. 178-Amendment No. 1 

AMENDMENT TO CODE OF FAIR COMPETITION 

FOR THE 

WATCH CASE MANUFACTURING INDUSTRY 

As Approved on October 17, 1934 

ORDER 

APPROVING AMENDMENT TO CoDE oF F .AIR Col\IPETITION FOR THE 

WATCH CASE ~1ANUF.ACTURI TG INDUSTRY 

An application having been duly made pur uant 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 Watch Case :Manufacturing 

Industry, and otice of Opportunity to be Heard having been duly 

publi hed thereon, and the annexed report on said amendment, containing findings with respect thereto, having been made and directed 

to the President: 

OW, THEREFORE, on behalf of the President of the United 

States, the National Industrial Recovery Board pursuant to authority ve. ted in it by Executive Orders of the President, including 

Executive Order o. 6 59 dated September 27, 1934, and otherwise; 

does hereby incorporate, by refer 0 nce, 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 policy 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 modified to 

include an approval of said Code in its entirety as amended such 

approval and such amendment to take effect fifteen (15) days from 

the date hereof, unless good cause to the contrary is shown to the 

ational Industrial Recovery Board before that time and the National Industrial Recovery Board issues a subsequent order to that 

effect. 

NATIONAL INDUSTRIAL RECOVERY BOARD, 

By G. A. LYNCH, Administrative Officer. 

Approval recoID1nended: 

Kn.BOURNE JOHNSTON, 

Acting Diviswn Adminisflrator. 

w .ASHI TOTO 'D. c., 

October 17, 1934. 

91849°-1244-63-34 (1) 
REPORT TO THE PRESIDENT 

The PRESIDENT, 

The White H ouse. 

Srn: An a.pplication has been duly made pursuant to and in full 

compliance with the provisions of the National Industrial Recovery 

Act for an amendment to the Code of Fair Competition for the 

"\Vatch Ca e :Manufacturing Industry, submitted by the Code Au- thority for the '\Vatch Case Manufacturing Indu try. 

The purpo e and effect of the amendment are to authorize the Code 

Authority to submit a budget and basis of a sessment upon which 

funds shall be contributed by members on the Industry. 

The Deputy Admini trator in his final report on said amendment 

to said Code having found as herein set forth and on the basis of all 

the proceedings in this matter : 

It is found that: 

(a) The amendment of sa.id 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 t-end 

to diminish the amount thereof, and will provide for the general 

welfare by promoting the organization of industry for the purpose 

of cooperative action among trade groups, by inducino· and maintaining united action of labor and manao·ement under adequate governmental sanction and supervision, by eliminating unfair competitive 

practices, by promoting the fullest possible utilization of the present 

productive capacity of the indu tries, by avoiding undue re trictions 

of production ( except as may be t-emporarily required) by increasing 

the consumption of indu trial and agricultural I roducts through increasing purchasing power, by reducing and relieving unemployment, 

by improving standards of labor, and by otherwi e rehabilitating 

industry. 

(b) The Code as amended complies in all re pect with the pertinent provi ions of said Title of said Act, including without limitation Subsection (a) of Section 3, Sub ection (a) of Section 7 and 

Sub ection (b) of Section 10 thereof. 

( c) The Amendment and the Code as amended are not de igned 

to and will not permit monopolies or monopolistic practices. 

( d) The Amendment and the Code as amended are not de igned 

to and will not eliminate or oppre small enterpri e and will not 

operate to discriminate against them. ( e) Those engaged in other steps of the economic proce have 

not b n deprived of the right to be heard prior to approval of aid 

Amendment. 

For the e r a ons, th refore, thi Amendment has been approved. 

F or the National Indu trial Recov ry Board : 

OCTOBER 17, 1934. ( 2 ) 

G. A. LYNCH, 

Adrninistrative Officer. 
AMENDMENT TO CODE OF FAIR CO1'1PETITION FOR THE 

"\VATCH CASE MANUFACTURI GI DUSTRY 

Article VI, Section 1, Sub-section ( d), line seven, delete remainder 

of this Sub-section beginning with the words ' provided that any 

per on .... " and add a new Sub-section to Article VI~ to be known 

as Sub-section 1 ( e), as follows : 

(e) 1. It being found necessary in order to support the administration of this Code and to maintain the standard of fair competition established hereunder and to e:ff ectuate the policy of the Act, the 

Code Authority is authorized: 

(a) To incur such reasonable obligu tions as are nece sary and 

proper for the foregoing purposes and to meet such obligations 

out of funds which may be rai ed as hereinafter provided and 

which shall be held in tru t for the purposes of the Code; 

(b) To submit to the N utional Industrial Recovery Board 

for its approval, subject to such notice and opportunity to be 

heard a it may deem necessary (1) an itemized budget of its 

e..,timated expen es for the foregoing purposes, and (2) an equitable ba is upon which the funds necessary to support uch 

budget hall be contributed by members of the industry. 

( c) After such budget and basis 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 industry, and to that end, if neces ary, 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 National Industrial Recovery 

Board. Only members of the industry complying with the code and 

contributing to the expenses of its administration as hereinabove 

provided, 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 Industrial Recovery Administration. 

3. The Code Authority shall neither incur nor pay any obligation 

substantially in excess of the amount thereof as estimated in its 

approved budget, and shall in no event exceed the total amount contained in the approved budget, except upon approval of the rational 

Industrial Recovery Board; and no subsequent budget hall contain 

any deficiency item for expenditures in exce s of prior budget estimates except those which the National Industrial Recovery Board 

shall have so approved. 

Approved Code No. 178--Amendment No. 1. 

Registry No. 1225--01. 

(3) 

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