Approved Code No. 277-Amendment No.1 Registry No. 1111-04 

NATIONAL RECOVERY ADMINISTRATION 

AMENDMENT TO 

C·ODE OF FAIR COMPETITION 

FOR THE 

GRAY IRON FOUNDRY 

INDUSTRY 

AS APPROVED ON JUNE 21, 1934 

WE DO OUR PAJtr 

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WASHINGTON: 1934 

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Approved Code No. 277-Amendment No. 1 

AMENDMENT TO CODE OF FAIR COMPETITION 

FOR THE 

GRAY IRON FOUNDRY INDUSTRY 

As Approved on June 21, 1934 

ORDER 

MoDIFICATION oF ConE OF FAni CoMPETITION FOR TI-IE GRAY IRoN 

FouNDRY INDUSTRY 

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 Gray Iron Foundry 

Industry, 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: 

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

States, I, Hugh 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 an- nexed report and do 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 do 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. 

HuGHS. JoHNSoN, 

Administr(J)tor for· /nd'UJStrial Recovery. 

Approval recommended: 

B ARTON w. MURRAY, 

Acting Division Administrator. 

WASHINGTON, D.C., 

June B1, 1934. 

69348°----657--129----34 (1) 
REPORT TO THE PRESIDENT 

The PRESIDENT, 

The White House. 

SIR: This is a report on the amendment to the Code of Fair Competition for the Gray Iron Foundry Industry and the hearing conducted thereon in \V ashington, :May 31, 1934. The amendment, 

which is attached, was presented by the Code Authority. 

The Code of Fair Competition for the Gray Iron Foundry Industry provide in Article V that " Such of the provi i n of thi Code 

as are not required to be included therein by the A t may, with the 

approval of the President, be modified, amen led, or eliminated as 

changes in circum tances or experience may indicate. It i contemplated that from time to time, and with the ar proval of a majority 

of the Code Authority, amendment and upr lementary provi ions 

to this Code or additional Codes may be submitted for the approval 

of the Pre ident to prevent unfair competition in price and other 

unfair and destru tive competitive practice an l to effectuate the 

other purpo es and policies of Title I of ihe Act. Pur uant t ubsection (b) of Section 10 of Title I of the Act the Pre ident may 

from time to time cancel or modify any order approval, licen e rule 

or regulation i sue.d under said Title. ' 

This amendment provides that Se tion 4 of Article III be deleted 

and the insertion of certain provi ·ions to facilitate the collection 

from each member of the Industry of hi or it equitable contribution of the expen es of the maintenance f the oue Authorit ubject 

to such rules and regulations pertaining th reto i sued by the 

Administration. 

FINDING 

The Deputy Administrator in his final report to me on said amendment to said Code having found as herein et f rth an l on the ba is 

vf all the proceedings in this matter: 

I find that: 

(a) The amendn1ent to said Code and the Code as amended are 

well designed to promote the policie and purpo es of Title I of the 

National Indu trial Re overy Act including the removal of ob tructions 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 indu try for the purpose 

of cooperative action amonO" trade groups, by indu ing and maintaining united action of labor and management under adequate 

governmental sanction and upervi ion, by eliminating unfair competitive practices, by promoting the fullest po ible utilization of the 

pre ent productive capacity of indu tries, by avoiding undue restriction of produ tion (except as may be temporarily required), by 

increasing the consumption of indu trial and agricultural products 

(2) 
3 

through increasing purchasing power, by reducing and relieving 

llnemployment, by improving tandards of labor, and by otherwise 

rehabilitating industry. 

(b) The Code as amended complies in all re pects 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 Code empowers the Code Authority to present the aforesaid amendment on behalf of the Industry as a whole. 

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

and will not permit monopolie or monopolistic practices. 

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

and will not eliminate or oppress small enterpri es 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 amendment. 

For these reasons, therefore, 1 have approved this amendment. 

Respectfully, 

HuGH S. JoHNSON, 

A d1ninis trator. 

JUNE 21, 1934. 
AMENDMENT TO CODE OF FAIR COMPETITION FOR 

THE GRAY IRON FOUNDRY INDUSTRY 

In accordance with Article V of the Code of Fair Competition 

for the Gray Iron Foundry Industry, it is proposed to amend said 

Code by deleting Section 4 of Article III and inserting the following 

provisions in lieu thereof : 

SECTION 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 Authority is authorized: 

(1) 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; 

(2) To submit to the Administrator for his approval, subject to 

(a) such notice an l opportunity to be heard a he may deem necessary an itemized budget of its estimated expenses for the foregoing 

purposes, and (b) an equitable basis upon which the funds necessary 

to support such budget shall be contributed by members of the 

indu try; 

(3) After su h budget and ba i of contribution have been approved by the Administrator 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. 

(B) Each member of the indu try shall be liable for his or its 

equitable contribution to the expenses of the maintenance of the 

Code Authority, determined as hereinabove provided and subject to 

rule and regulations pertaining thereto i ued by the Administrator. 

Failure on the part of a member of the Indu try to make such 

contribution hall be a violation of this Code. Only members of 

the industry complying with the Code an l 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 recei-ve the benefit of any of its voluntary activities or 

to make use of any e_mblem or insignia of the National Recovery 

Administration. 

(C) The Code Authority shall neither incur nor pay any obligation in excess of the amount thereof as estimated in its approved 

budget, except upon approval of the Administrator first obtained; 

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. 277-Amendment No. 1. 

Registry No. 1111-04. 

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UNIVERSITY OF FLORIDA 

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