Approved Code No. GO-Amendment No.7 Registry No. 1625-2-02 

NATIONAL RECOVERY ADI\1INISTRATION 

AMENDMENT TO 

CODE OF FAIR COMPETITION 

FOR THE 

RETAIL TRADE 

AS APPROVED ON NOVEMBER 16, 1934 

WE DO OUR PART 

,.,._ .... ,... 

UNITED STATES 

GOVERNMENT PRINTING OFFICE 

WASHINGTON: 1934 

I I 

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Approved Code No. 60-Amendment No. 7 

AMENDMENT TO CODE OF FAIR COMPETITION 

FOR THE 

RETAIL TRADE 

As Approved on November 16, 1934 

ORDER 

APPROYIKG AMENDMENT OF ConE OF FAIR CoMPETITION FOR THE 

RETAIL TRADE 

An application having been duly made pursuant to ancl in full 

compliance with the provi ions of Title I of the National Industrial 

Recovery Act, approved June 16, 1933, fo r approval of an amendment to a Code of Fair Competition for the Retail Trade, and hearings having been duly held thereon and the annexed report on aid 

amendment, containing findings with respect thereto, having been 

made and directed to the President : 

NOW, THEREFORE, on behalf of the President of the Unitecl 

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 policy and purposes of said Title of said Act, and 

does hereby order that said amendment be and it is hereby approvedl 

nnd 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 W. A. HARRIMAN, Ad_mfn~strative "Officer. 

Approval recommended: 

RoBERT L. HousToN, 

Division Administrator • 

. WASHINGTON, D. C., 

N ovembe1· 16, 1934. 

97730 °----1325-59----34 (1) 
REPORT TO THE PRESIDENT 

The PRE 'IDENT, 

The White H ottse. 

Sm: The I-Iearing on the annexed amendment to Schedule A of 

the Code of Fair Competition for the Retail Trade was held on 

October 23, 1934, in the Raleigh Hotel, Washington, D. C. The 

amendment was presented by duly qualified and authorized representatives of the Trade, complying with statutory requirements, 

su h repre;)entatives being members of the National Retail Drug 

Code Authority. 

In accordance with the customary procedure, everyone who had 

filed a reque t for an appearance was freely heard in public, and 

all statutory and regulatory requirements were complied with. 

Thi amendment is drawn to enable the National Retail Drug 

Code Authority and the several Local and JVIetropolitan Retail Drug 

Code Authorities to collect a.-ses ments to support the administration 

of the Code. 

The Deputy Administrator in his final report to the National 

Ir1dustrial Recovery Board on said amendment to said Code having 

foun l a · h rein set forth and on the basi of aU the proceedings in 

thi. matter : 

The National Industrial Recovery Board finds that : 

(a) The amendment to said code and the Code a amended are 

well de ignecl 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 inter -tate 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 practice., by promoting the fulle t pos ible utilization of the 

present productive capacity of industries, by avoiding undue restriction of production (except a.· may be temporarily r equired), by increasing the con ·umption of industrial and agricultural products 

through inrreasing pur ha ing power by reducing and relieving 

unemployment, by improYing standards of labor and by otherwise 

rehabilitating inclu try. 

(b) The Code as amencl c1 complies in all respect with the p er- tinent provision of aiel Title of sai 1 Act, including without limitation sub-section (a) of Section 3, . ub- ection (a) of Section 7 and 

sub- e tion (b) of Section 10 thereof. 

(c) The Cole empowers the Code \_uthority to pres·ent the aforesaicl amen 1ment on behalf of the Tra le as n. whole. 

(d) The amenfln1ent and th Code a. umen led ar·e not de igned 

to and will not permit mono1 olies or monopoli. tic practices. 

(2) 
3 

(e) The amendment and the Code as amend·ad 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 teps of the economic process have not 

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

amendment. 

For these reasons the amendment has bean approved. 

For the National Industrial Recovery Board: 

NOVE IBER 16, 1934. 

w. A. HARRIMAN' 

Administrative Officer. 
AI\1ENDI\fENT TO THE CODE OF FAIR COMPETITION 

FOR THE RETAIL TRADE 

Subparagraph (f) of Paragraph (2) of Section 5 of Schedule A 

of the Code of Fan· Competition for the Retail Trade is hereby 

amended to r ad a follows : 

(f) 1. It being foundnece · ary in order to upport the administration of thi · Cotle and to maintain the standards of fair com.petition 

e tablishe l thereunder, and to effectuate the policy of the Act, the 

National Retail Drug Code Authority and the several Local Comrnittee · ( "'hether known as Local Retail Drug Code Authoritie , Metropolitan Retail Drug Code Authorities, or otherwise) established hereunder are authorized: 

A. To incur such reasonable obligations as are necessary and 

proper for th e foregoina purposes, and to meet such obligations out 

of fund · "·hich may be rai eel as hereinafter provided and which 

~hall be held in trust for the purpo es of the Code; 

l3. To . ubmit to the National Industrial Recovery Board for its 

appro,·al. ubject to such notice and opportunity to be heard as it 

may deem nece . . ary; (1) An itemized bu lget of their estimated 

expenses for the foregoing purposes, and (2) An equitable basis 

upon which the funds nece sary to support such budget shall be 

contributed by members of the Trade. 

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 

Trade. and to that end, if neces ary, to institute legal proceedings 

therefor in it own name. 

2. Each member of the Trade hall pay his or its equitable contribution to the expenses of the maintenance of the National Retail 

Drug Code Authority and the several Local Committees (whether 

known as Local Retail Drug Code Authorities, :Metropolitan Retail 

Drug Code Authorities, or otherwise) determined and hereinabove 

proYide l, and subj ect to rules an l regulations pertaining hereto 

~ ned by the National Indu trial Recovery Board. Only member 

of the Trade complying with the Code and contributing to the ex- pen e of its administration as hereinabove provided (unless duly 

exempted from making such contribution) shall be entitled to participate in the selection of members of the National Retail Drug 

Code \.uthority or any Local Committee (whether known as a Local 

Retail Drug Code Authority, Metropolitan Retail Drug Code Authority, or otherwi e) or to receive the benefits of any of their voluntary 

a tivities, or to make use of any emblem or insignia of the National 

R{' covery Administration. 

3. The National Hetail Drug Code Authority and the several 

local committees (whether known as Local Retail Drug Code Authorities, :Metropolitan Retail Drug Code Authorities, or otherwise) 

(4) 
5 

shall neither incur nor pay nny oblio·ation sub tantially in excess 

of the amount th reof a timatecl in th ir approved bud<ret, and 

shall in no ev nt ex c1 th total amount containe l in the aiel 

approv d budo·et, ex ept upon ar proval of the National Industrial 

Recovery Board; an l no ubsequ nt budget shall contain any deficiency item for expenditure in exces of prior budget estimates except tho e which the National Indu tria l Recovery Board shall have 

so approved. 

Appr vecl od No. GO--Amenc1ment ·o. 7. 

Registry No. 16~5-2-02. 

0 
UNI VE RSITY OF FLORIDA 

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