Registry o. 934-01 

NATIONAL RECOVERY ADMINISTRATION 

CODE OF FAIR COMPETITION 

FOR THE 

WELT MANUFACTURING 

INDUSTRY 

AS APPROVED ON JULY 20, 1934 

WE DO OUR PAA'? 

f - ' r 

I 

UNITED ST ATES 

GOVER MENT PRINTING OFFICE 

WASHINGTON: 1934 

For :i lc by the upcriotendeot of Documents, Washington, D. • - - - - - - - - Price 5 cents 
This publication is for sale by the Superintendent of Documents, Government 

Printing Office, Washington, D.C., and by district offices of the Bureau of 

Foreign and Domestic Commerce. 

DISTRICT OFFICES OF THE DEPARTMENT OF COMMERCE 

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Birmingham, Ala. : 257 Federal Building. 

Boston, Mass. : 1801 Customhouse. 

Buffa lo, N.Y.: Chamber of Commerce Building. 

Charleston, S.C. : Chamber of Commerce Building. 

Chicago, Ill.: Suite 1706, 201 North Wells Street. 

Cleveland, Ohio : Chamber of Commerce. 

Dallas, Tex.: Chamber of Commerce Building. 

Detroit, Mich.: 801 First National Bank Building. 

Houston, Tex. : Chamber of Commerce Building. 

Indianapolis, Ind. : Chamber of Commerce Building. 

Jacksonville, Fla.: Chamber of Commerce Building. 

Kansas City, Mo.: 1028 Baltimore Avenue. 

Los Angeles, Calif. : 1163 South Broadway. 

Louisville, Ky. : 408 F ederal Building. 

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Seattle, Wash.: 809 Federal Office Building. 
Approved Code o. 488 

CODE OF FAIR COMPETITION 

FOR THE 

WELT MANUFACTURING INDUSTRY 

As Approved on July 20, 1934 

ORDER 

ConE OF FAIR Coi\IPETITION FOR THE WELT ~1.ANUF ACTURING INDUSTRY 

n application having been duly made pursuant to and in full 

compliance with the provisions of Title I of the ational Industrial 

Recovery Act, approved June 16, 1933, for approval of a Code of 

Fair Competition for the"'\'\ elt Manufacturing Industry, and hearing 

having been duly held thereon and the ann~xed report on said 

Code, containing findings with respect thereto, having been made 

and directed to the President: 

OW, THEREFORE, on behalf 9f the President of the United 

States, I, Hugh S. Johnson, Administrator for Industrial Recovery, 

pur uant to authority vested in me by Executive Orders of the 

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

30, 1938, and otherwise; do hereby incorporate by reference said 

annexed report and do find that said Code complies in all respects 

with the pertinent provisions and will promote the policy and purpo es of aid Title of said Act; and do hereby order that said Code 

of Fair Competition be and it is hereby approved, provided howeYer that the provision of Article III, Section 2, Subsection ( c) be 

and it is hereby deleted, and, in lieu thereof the following be, and 

it is hereby sub tituted: " ,vatchmen who shall not be permitted 

to work more than fifty-six ( 56) hours in any one week, nor more 

than thirteen (13) days in any two (2) weeks.'' 

HUGH s. JOHNSO ' 

Adm,in,istrator for Industrial R ecovery. 

Appro, al recommended: 

GEO. L. BERRY, 

Div-ision Arl1nin-istrator. 

' HIXGT N D.C., 

July O, 1934-

752410- -0- 11~-34 (191) 
REPORT TO THE PRESIDENT 

The PRESIDENT, 

The White House. 

Sm: This is a report on the approved Code of Fair Competition 

for the Welt Manufacturing Industry, hearing on which was conducted in Washington on May 9, 1934, in accordance with the provisions of the National Industrial Recovery Act. 

The minimum wage provided in this code is thirty-five cents (35¢) 

per hour for ma.le and female employees, with the provision that 

when female employees perform substantially the same work as male 

employees they are to receive the same rate of pay. 

The maxin1um hours provided in this code are forty ( 40) hours 

per week with an allowance of five ( 5) hours per week during any 

eight (8) weeks of a six (6) months' period, with the provision that 

all ti1ne in excess of eight (8) hours in any twenty-four (24) hour 

period, or forty ( 40) hours per week shall be paid on the basis of 

one and one-half (11⁄2) times the normal ra.te of compensation. 

No person under sixteen (16) years of age shall be employed or 

engaged in this industry, and no person under eighteen (18) years of 

age shall be employed at operations or occupations which are hazardous in nature or dangerOlJS to health. No homework shall be 

permitted in this industry. 

The business of this industry is almost exclusively that of supplying automobile manufacturers, automobile parts departments, and 

automobile accessory jobbers with bindings and trimmings used in 

the manufacture or repair of automobiles. It does not conflict with 

the activities, nor could it be said to be in competition with any other 

industry. Other industries utilize the same raw materials but do not 

sell their products to the same class of trade or customers. 

The welt and binding business is located in the central part of the 

United States. The major portion of their products are sold in and 

around Detroit although they are distributed throughout the entire 

world. 

The Deputy Administrator in his final report to me on said Code 

having found as herein set forth and on the basis of all the proceedings in this matter; 

I find that: 

(a) Said 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 th reof and will provide for 

the general welfare by promoting the organization of industry for the 

purpose of cooperative action among trade groups, by inducing and 

maintaining united action of labor and management under adequate 

o-overnmental sanctions and supervision, by eliminating unfair competitive practices, by promoting the fullest possible utilization of the 

(192) 
193 

pr ent Ir clu ti e car a ity fin lu tri by a-voiding 1111 lue r triction f l r du ti n ( xc I a may b t 1111 rarily r quir cl), Ly inr a ino- h n umpti n f in lu trial u.n<l. ao-ri ultural proLluct 

thr u ·h in r a ino- pur ha. ing I w r by r du ·incr an l r li ving unm 1 yment by imr r -vin tandard f labor and by oth rwise 

r habilitatin o· indu try. 

(b) aid In lu tr normally 11111 ' not more than 50,000 em- pl · an 1 i not la ifiecl by m a a major in lu try. 

( ) Th o l a appr Y cl 01111 li in r.11 r p t with the pertin nt l ro-vi ion of aid Title of aid Act, in lu ling without limitation ub e tion (a) of tion 3 ub ·e tion (a) of ection 7 and 

ub e tion b) of ction 10 ther of; an l that the applicant a ociati n i an indu trial a ociation truly r I re entative of the aforeaid Indu try· and that aid a ociation imr o~ no in qui table retriction on admi ion to member hip therein. 

( d) The Code is not de igned to an 1 will not permit monopolies 

or monopoli tic practices. 

( e) The Code is not designed to an l will not eliminate or oppress 

mall enterpri es and will not operate to discriminate against them. 

( f) Tho e engaged in other steps of the economic proce have 

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

Code. 

For these reasons this Code has been approved. 

Respectfully, 

J ULY 20, 1934. 

HUGH s. JOHNSON' 

Administrator. 
CODE OF FAIR COMPETITION FOR THE WELT MANUFACTURING INDUSTRY 

ARTICLE I-PURPOSES 

To effect the policies o.f Title I of the National Industri al Recovery Act, this Code i,s established as a Code of Fair Competition 

for the Welt Manufacturing Industry, and its provisions shall be the 

standards of fair competition for such industry and shall be binding 

upon every member thereof. 

ARTICLE II-DEFINITIONS 

SECTION 1. The term" Industry" as used herein is defined to mean 

the manufacturing, processing, and/or sale by manufacturer or processor of welts and bindings of all kinds in continuous lengths or 

otherwise, made either from leather, imitation leather, cloth or other 

fabrics, used on automobiles or other articles of manufacture, and 

includes dealing by manufacturers in such welts and bindings 

whether of his own or of another member's manufacture. 

SECTION 2. The term "member of the industry" includes, but 

without limitation, all those engaged in the industry either as an 

employer or on his own behalf. SECTION 3. The term "employee" as used herein includes any and 

all persons engaged in the industry, however compensated, except 

a member of the industry. SECTION 4. The term "employer" as used herein includes anyone 

by whom such employee is compensated or employed. 

SECTION 5. The term " Association " as used herein means the 

Association of Welt Manufacturers, a non-profit organization. 

SECTION 6. The terms "Act" and ''Administrator" as used herein 

mean, respectively, Title I of the National Industrial Recovery Act, 

and the Administrator for Industrial Recovery. 

ARTICLE III-I-IoURs 

SECTION 1. No employee, including office and clerical employees, 

shall be permitted to work in excess of forty hours in any one week 

or eight honrs in any twenty-four hour period, provided, however, 

that in pecial ca es of emergency or where restriction of hours of 

employees will delay urgent service to the trade served by the industry, luring any eight consecutive or non-consecutive weeks of a 

six month period ( the fir t period to begin on July 1, 1934), employees may work not more than forty-five hours in any one week. 

Time in excess of eight hours in any twenty-four hour p riod (starting at midnight), or forty hours per week shall be paid on a basis 

of one and one-half times the normal rate of compensation. 

(194) 
195 

E TION 2. The f r er ing I rovi ion of thi article shall not 

ap~l T t : 

(~) P r on 'TI'ho are mployed in a manacrerial or xecutive cal ac1 ho arn thir y-fiv dollars ( 3 .00) r m r e per week, outside al men or to mployees ngao-ed in mer n y repair ork; 

provid d that rn1 lo ees eno-a o-e l in m rgency r epair work hall be 

I aid at 1 a t one and one-half time their normal rate for all hours 

'TI'Ork 1 in xce of ight ( ) hour in any b,enty-four (24) hour 

period or forty ( 40) hours per week. 

Report shall be made monthly to the Code uthority by every 

n pl yer ta ting th number of hour ,~orked in e:s: e f forty ( 40) 

per 'TI'eek and eicrht ( ) per day by employees engaged in emergency 

repair work special cases of emergency and during peak period 

provided for in Section 1 hereof. 

(b) Firemen and engineers who shall not be permitted to work in 

exce s of forty-five (45) hours per week or nine (9) hours per day 

durin normal periods and fifty (50) hours or ten (10) hours per day 

during peak periods as de cribed in Section 1 of this article. 

( c) ,v atchmen who shall not be permitted to work in e:s:cess of 

sixty (60) hours in any one week. 1 

~ECTIOX 3. The provisions of Section 1 of this Article shall apply 

to members of the industry ( owners, partner,s, officers) engage l in 

a productive capacity, but shall not apply to members of the industry who are exclusively or wholly engaged in managerial or executive capacity. 

SECTION 4. o employee shall be permitted to work more than 

five ( 5) day in any calendar week, except employees specified in 

ection 2 of thi article. 

~ECTION 5. r o employer shall knowingly permit an employee to 

work for any time, which when totaled with that r egularly performed with another employer or employers, exceeds the maximum 

hours permitted herein. 

AnncLE rv-,v .AaEs 

ECTIO.. 1. Jo employee shall be paid les,s than at the rate of 

thirt -five cent (35¢) per hour. 

ECTIO:N 2. This article e tablishes a minimum rate of pay whi h 

hall a1 ply, irre pe tive o-f whether an employee i actually comp n at cl n a time rate pi ework or other ba is, su h piecework or 

oth r ba, i rat o-f compen ation above the minimum, howev r, i 

to b d t rmin d y the a, rage capacity of reo-ular worker . 

E TI . '" 3. , ithin ix month from the eff ctiYe date of thi ode 

the o l uthorit. hall pr nt for approval to the dmini trator, 

after notice an l hcarino- recomm ndations a to upward a lj u -

m nt in minimum wao-es o-enerally or for specified lo aliti or o uI ation in or 1 r to ffectuate the purposes of the t. , E TI _.T 4. Th r hall b an equitable adju tm nt of all wag s 

ab v minimum an l to that end, within ~ixty ( 0) clay from the 

appr val f thi od th od uth rity hall nbmit t th dmini trator a r p rt of all adju tm nts by m mb rs of tho indu try 

since ,June lG 1933. 

1 Amend d. ee paragra ph 2 of order appro,iog t bis Code. 
196 

SECTION 5. Female employees who perform substantially the same 

work as male employees shall receive the same rate of pay as male 

employees. 

SECTION 6. A person whose earning capacity is limited because 

of age or physical or mental handicap or other incapacity may be 

employed on light or unskilled work, at a wage below the minimum 

established by this Code, if the employer obtains from the State 

Authority designated by the United States Department of Labor a 

certificate authorizing his employment at such wages and for such 

hours as shall be stated in the certificate, provided, however, that 

the number of such employees shall not be in excess of five ~rcent 

( 5% ) of the total number of employees in any establishment, but 

any establishment may have at least one such employee. Each 

employer shall file with the Code Authority a list of all such persons 

employed by him. 

ARTICLE V-GENERAL LABOR PROVISIONS 

SECTION 1. No person under sixteen ( 16) years of age shall be 

employed in the industry. No person under eighteen (18) years of 

age shall be employed at operations or occupations which are hazardous in nature or dangerous to health. The Code Authority shall 

submit to the Administrator thirty (30) days after the effective date 

c,f the Code, a list of such operations or occupations. In any State 

an employer shall be deemed to have complied with this provision 

as to age if he shall have on file a certificate or permit duly signed 

by the Authority in such State empowered to issue employment or 

age certificates or permits showing that the employee is of the 

r equired age. 

8ECTION 2. In compliance with Section 7 (a) of the Act, it is 

provided: 

(a) That employees shall have the right to organize and bargain 

collectively through representatives of their own choosing, and shall 

be free from the interference, restraint, or coercion of employers of 

labor, or their agents, in the designation of such representatives or 

in self-organization or in other concerted activities for the purpose 

of collective bargaining or other mutual aid or protection. 

(b) That no employee and no one seeking employment shall be 

required as a condition of employment to j01n any company union 

or to refrain from joining, organizing, or assisting a labor organization of his own choosing, and 

( c) That employers shall comply with the maximum hours of 

labor, minimum rates of pay, and other conditions of employment 

approved or pre cribed by the President. 

SECTION 3. No employer shall reclassify employees or duties or 

occupations performed, or engage in any other subterfuo-e so as to 

defeat the purposes or provisions of the Act or of this Code, and in 

this connection, employees engaged in two or more occupations or 

positions having different duties connected therewith, one or more 

of which being limited by maximum hours, shall be classified under 

the limited hours position which is limited to the fewer number of 

hours per week, and shall not be permitted to work a total number of 

hours in excess of those prescribed for such position. 
197 

th 

of th od . E TI .i: 5. provi ion in thi o l hall up r 

law whi h impo es n employ r mor trino- nt r quir - ment a to ao- f mplo , wao· hour of w rk, afet , health, 

anitar or g n ral workin con liti n , in ·uran e or fire prot tion 

than ar im po d by thi od . E TIO 6. o home work shall be p rmitted in thi indu try except in a cor lancce with Ex cutive Ord r of :i\1ay 15 1934. 

E TION 7. 11 mploy r hall po t and keep po ted copies of the 

lab r provi ion of this ode in con picuous place acce ible to all 

mplo e . E r. m mber of the in lu tr hall mply with all 

rul and regulations relative to the posting of provi ions of odes 

of Fair omp tition which may from time to time be pre cribed by 

the Admini tr a tor. 

SE TION o employee of this indu try shall be di mis ed or 

demoted or otherwi e penalized for making complaint or gi ing 

vidence with respect to an alleged violation of this or any other 

Code. 

ARTICLE VI-ORGANIZATION' P OWERS, AND DUTIES OF THE CODE 

AUTHORITY 

SE TIO :r 1. There shall forthwith be constituted a Code Authority 

con i ting of four members of the Board of Directors of the Welt 

Manufacturers Association. 

ECTIO 2. In addition to membership as above provided, not 

more than three members, without vote, may be appointed by the 

dmini trator. 

ECTIO 3. Each trade or industrial a sociation directly or indir ctly participating in the selection or activities of the Code Authority hall (1) impose no inequitable re trictions on member hip, 

and (2) submit to the Admini trator for hi appro, al tru copi s of 

i article of as ociation, by-laws, r gulations, and any amendment 

when made thereto, together with such other information a to memb r hip rganization, and activities as the Administrator may deem 

ne ar to eff ctuate the purpo es of the ct. 

E TIO 4. In ord r that th ode \uthority hall at a.11 time be 

truly repre ntati e of the indu r and in oth r r pe ts furth r the 

purpo c of th ct and the pr vi ion of the o le, the dn ini trator ma pr crib su h hearino- as he may deem pr p r; and th r -

aft r if h hall find that th ode uthori y i not trul r pr - ntative or d not in oth r r p fur h r h I urpo f the 

ct an 1 the pr vi ion of the o l m y r quir an apr r priate 

modifi ati n in th compo ition and m tho l of 1 ti n of h le 

uth rity. 

'E 'TI .l.- • It b ino- f uncl n e :n in r l r to upp rt th a 1-

mini ration f thi d and to rr aintain th tan ~lar l · f fair 

omp tition tabli ·h d b thi d an l t ff tuat th p li f 

th the uihori y i auth 1, ubj t to th ar pr val of 

th d1nini trator : 
198 

(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 

purpo es, 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 Administrator, to determine and secure equitable contribution as above set forth by all such members of the industry, and 

to tha.t end, if necessary, to institute le.gal proceedings therefor in its 

own name; 

(cl) After approval of its budget and plan of assessment as provided in this article, to make collections in proportion to the volume 

of sales made in the products of the industry as defined in Section 1 

of Article II of this Code, from any person or persons as defined in 

Section 2 of Article II engaged in the manufacture of any products 

coming within the jurisdiction of the Code. 

( e) Each n1ember of the industry 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 

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 contribution) 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. 

(f) 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 a pp roved. 

SECTION 6. Nothing contained in this Code shall constitute the 

members of the Code Authority partners for any purpose. Nor shall 

any member of the Code Authority be liable in any manner to anyone 

for any act of any other member, officer, agent, or employee of the 

Code Authority. Nor shall any member of the Code Authority, 

exercising reasonable diligence in the conduct of his duties hereunder, be liable to anyone for any action or omission to act under 

this Code, except for his own malfeasance or nonfeasance. 

SECTION 7. The Code Authority shall have the following :further 

powers and duties, and if the Administrator shall determine that 

any action of the Code Authority or any agency thereof is without 

the scope of its delegated or implied powers or is unfair or unjust 

or contrary to the public interest, the Administrator may require that 

such action be suspended for a period of not to exceed thirty (30) 

days to afford an opportunity for investigation of the merits of such 

action and further consideration by such Code Authority or agency 

pending final action, which shall be taken only upon approval by the 

Administrator. 
199 

(a) To i ur th x cution of the pro vi ions of this Code anct 

pr 1d f r th omplian f th in lu try th rewith. 

(b) T a lopt b -law an l rule an l r ITTllations for its pr cedure 

and for th admini trati n of th o le. 

( c) To btain from m mb r of the indu try uch information and 

r por a are r quire l for th admini tration of the ode, which 

r p rt hall be furni hed promptly by memb r , and, in addition 

to informati n requir d to be ubmitted to the Code Authority, memb r f th indu try hall furnish uch stati tical information as 

the Adrn.ini rator may deem n ce ary for the purpo es recited in 

ection 3 (a) of the t to uch Federal and State a gen ies as the 

dmini trator may de ignate; nor hall anythino- in any code, agree-. 

m nt, or lie n e relieve any per on of any exi ting obligation to furnish r ports to Governn1ent agenci s. 

( d) To u e such trade a ociation and other agencie as it deems 

proper :for the carrying out of any of its activities provided for.-

herein provided that nothing herein shall relieve the Code Authority of its duties or responsibilities under this Code. 

( e) To make recommendations to the Administrator for the coordination of the administration of this code with such other codes,, 

if any as may be related to the industry or affect members of this; 

industry. ( f) 1 o cooperate with the Administrator in regulating the use of 

any .R.A. insignia solely by those n1embers of the industry who are. 

complying with this Code. 

(g) 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 industries and to recommend to th&. 

Admini tr.ator measures for industrial planning, including stabilization of employment and other modifications hereof. 

ARTICLE VII-TRADE PRACTICE RULES 

The following practices constitut_e unfair methods of competition 

of the indu try and are prohibited. 

E TIO:N" 1. I riaccurate Advertising .- No member of the industry, 

shall publi h advertising (whether printed, radio, display, or of any 1 oth r nature), which is misleading or inaccurate in any material' 

particular, nor shall any member in any way misn~present any goods' 

(includino-, but without limitation, its use, trade mark, grade, qualit quantity, origin, ize, sub ta.nee, character, nature, finish, material cont nt or preparation) or credit terms, values, policies, ervices,' 

or the natur or form of the busines conducted. i"o member of the 

indu tr shall publi h ad1'ertising which refers inaccurately in any 

mat rial particular to any competitors or their good , pric , valu s, er c lit term , poli ·i or ervic . 

TI N 2. Fal e Billing.- o member of the indu try hall withhold fr m r ins rt in any quotati n or invoice any statem nt that 

make i inac urat in an material particular. 

E TI - 3. Jnac(;11;rate Labeling.- o memb r of th industry shall 

brand r mark r pacl· an g ods in any manner wl i h i intended 

t r d dee i or mi lead pur haser with r pect t the brand, 

grad quality quan ity, oriQl.Il, size substa.nc , chara ter, nature, 

fini h, mat rial content, or preparation of such goods. 
200 

SECTION 4. Threats of Law Suits.-No member of the industry 

shall publish or circulate unjustified or unwarranted threats of legal 

proceedings which tend to or have the effect of harassing competitors or intimidating their customers. 

SECTION 5. S ecret R ebates.-N o member of the industry shall 

secretly or otherwise off er or make any payment or allowance of a 

rebate, refund, commission, credit, or give any discount or excess 

allowance, whether in the form of money or otherwise, nor shall a 

mem.ber of the industry offer or extend to any customer any special 

service or privilege not extended to all customers of the same class, 

for the purpose of influencing a sale. 

SECTION 6. S elling on Oonsign11ient.-No member of the industry 

shall sell or ship goods on consignment. 

SECTION 7. Bribing E11iployees.-No member of the industry shall 

give, permit to be given, or offer to give, anything of value for the 

purpose of influencing or rewarding the action of any employee, 

agent, or r epresentative of another in relation to the business of the 

employer of 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 as 

hereinbef ore defined. 

SECTION 8. Interference with Another's Oontracts.-No member of 

the industry shall wilfully induce or attempt to induce the breach of 

existing contracts between competitors and their customers by any 

false or deceptive means, or interfere or obstruct the performance of 

any such contractual duties or services by any such means, with the 

purpose and effect of hampering, injuring or embarrassing competitors in their business. 

SECTION 9. Ooeroion.-No member of the industry shall require 

that the purchase or lease of any goods be a prerequisite to the purchase or lease of any other goods. 

SECTION 10. Def amation.-N o member of the industry shall defame a competitor by falsely imputing to him dishonorable conduct, 

inability to perform contracts, questionable credit standing, or by 

other false representation, or by falsely disparaging the grade or 

quality of his goods. 

SECTION 11. Disoownts.-A discount not to exceed two percent 

(2% ) may be allowed on accounts paid before the end of the month 

following shipment. No post datings shall be permitted. 

ARTICLE VIII-MODIFICATION 

SECTION 1. This Code and all the provisions thereof are expressly 

made subject to the right of the President, in a.ccordance with the 

provisions of subsection (b) of Section 10 of the Act, from time to 

tim·e to cancel or modify any order, approval, license, rule or regulation issued under Title I of said Act. 

SECTION 2. Such of the provisions of this Code as are not required 

to be included herein by the Act may, with the approval of the 

Administrator, be modified or eliminated in such manner as may be 

indicated by the needs of the industry or of the public by changes· 
201 

. All the provi ion of this ode, 

hall r main in ff ct until June 16, 

IR\. by Am ndment may remain 

ARTI LE r ..L--:Mo.i:'"OPOLIE ' ET . 

o provi 1 n of thi o l hall be o applied a to permit monopoli or monop li ti pra ti e" or to eliminate, oppr , or discrim• 

inute ao·ain t mall enterpri es. 

ARTI LEX-PRICE l NOREA ES 

Whereas the poli y of the Act t o increase purchasing power will 

be made more difficult of consummation if prices of goods and serv• 

ice increa e a,s rapidly a wages, it is recognized that price increases, 

except such as may be r equired to meet individual co t, should be 

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

limited to actual additional increases in the seller's co,sts. 

ARTICLE XI-EFFECTIVE DATE 

This ode shall become effective on the tenth day after its 

approval. 

Appro,ed Code No. 488. 

Registry No. 934---01. 

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