Approved ode No. 436- Amendment No. 1 Regi try No. 912-03 

NATIONAL RECOVERY ADMINISTRATION 

AMENDMENT TO 

CODE OF FAIR COMPETITION 

FOR THE 

FUR MANUFACTURING 

INDUSTRY 

AS APPROVED ON JULY 30, 1934 

WE DO OUR PART 

f••• r - ---

U.S. OE 

I 

I 

UNITED STATES 

GOVERNMENT PRINTING OFFICB 

WASHINGTON: 1934 

For sale by the Superintendent of Documents, Wuhiniiton, D.C. - - - - - - - - Price 5 cent. 
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 

Atlanta, Ga. : 504 Post Office Building. 

Birmingham, Ala. : 257 Federal Building. 

Boston, Mass. : 1801 Customhouse. 

Buffalo, N.Y.: Chamber of Commerce Building. 

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

Chicago, Ill.: Suite 1706, 201 No-rth 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. Jacksonvi1le, Fla.: Chamber of Commerce Building. 

Kansas City, Mo.: 1028 Baltimore Avenue. 

Los Angeles, Calif. : 1163 South Broadway. 

Louisville, Ky. : 408 Federal Buildtng. 

Memphis, Tenn. : 229 Federal Building. 

Minneapolis, Minn.: 213 Federal Building. 

New Orleans, La.: Room 225-A, Customhouse. 

New York, N.Y.: 734 Customhouse. 

Norfolk, Va.: 406 E ast Plume Street. 

Philadelphia. Pa.: 422 Commercial Trust Building. 

Pittsburgh. Pa. : Chamber of Commerce Building. 

Portland, Oreg.: 2J5 New Post Office Building. 

St. Louis, Mo.: 506 Olive Street. 

San Francisco Calif. : 310 Customhouse. 

Seattle, Wash:: 809 Federal O~ce Building. 
Approved Code No. 436-Amendment No. 1 

AMENDMENT TO CODE OF FAIR COMPETITION 

FOR THE 

FUR MANUFACTURING INDUSTRY 

As Approved on July 30, 1934 

ORDER 

APPROYING AMENDME T TO CODE OF F AIB COMPETITION FOR THE FUR 

1fANUFACTURING INDUSTRY 

An application ha, ing been duly made fursuant to and in full 

compliance with the provisions of Title I o the National Industrial 

Recovery Act, approved June 16, 1933, for approval of an Amendment to the Code of Fair Competition for the Fur :Manufacturing 

Indu try, and hearings having been held thereon and the annexed 

report on said Amendment, containing findings with respect thereto, 

having been made and directed to the President: Tow, THEREFORE, on behalf of the Pre ident of the United 

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

pur uant to authority vested in me by Executive Orders of the Pre idcnt, including Executive Order No. 6543-A, dated December 30, 

1933 and otherwise; do hereby incorporate by reference, aid annexed report and do find that said Amendment and the Code as constitu~d after being amended comply in all r espects with the pertinent provi ions and will promote the policy and purposes of said 

Title of aid ct, and do hereby order that said mendment be and 

it is hereby approved, and that the previous approval of said Code 

is hereby modified to include an approval of said ode in its entirety 

as amended. 

HUGH s. JOHNSON, 

Adminutrator for lndiustrial Recovery. 

ppr val recomm ndcd. 

OL . Ro E "BL TT, 

Division Adminutrator. 

WA rrr ~aTO , D.C., 

July 30, 1934. 

77102°-82!}-166--34 (1) 
REPORT TO THE PRESIDENT 

The PRESIDENT, 

The White House. 

Srn: The Executive Order approYing the Code of Fair Compe .. 

tition for the Fur Manufacturing Industry stayed the applicat10n 

of the provisions of Section 13 of Article VIII of the said Code 

pending further study of the issues involved and recommendations 

of the Code Authority. Subsequent to the approval of said Code 

the Code Authority has conducted investigations on the subject and 

has submitted to me for approval a proposed amendment of said 

Section 13 of Article VIII. Notice of Opportunity to be Heard 

was duly issued and all objections filed were given due consideration. 

The Deputy Administrator in his final report to me on said amendment 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 amendment to said 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 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 among trade groups, by inducing and maintaining united 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 the industries, by avoiding undue restriction 

of production, ( except as may be temporarily 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 otherwi$e rehabilitating industry. 

(b) The Code as amended 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 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 monopolies or monopolistic practices. 

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

and will not eliminate or oppress small enterprises 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 the approval of said 

amendment. 

For these reasons, therefore, I have approved the amendments. 

Respectfully, 

JULY 30, 1934. 

(2) 

HUGH S. JOHNSON, 

Administrator. 
AMEND1\1ENT TO CODE OF FAIR COMPETITION FOR 

THE FUR 11ANUF ACTURING INDUSTRY 

The Code of Fair Competition for the Fur Manufacturing Industry shall be amended by omitting Section 13 of Article VIII and' 

substituting therefor the following: 

The maximuni terms of sale for fur coats and fur scarfs at wholesale shall be as follows: Eight (8) per cent ten (10) days, sixty (60) 

days extra; or net four ( 4) months from date of shipment. No 

credit terms shall be granted for a period of longer than four ( 4) 

months from the date of shipment. All sales made shall be plus 

the manufacturer's F ederal Excise Tax on the sale price of each 

article sold. The manufacturer's Federal Excise Tax on the sale 

price of each article sold niay be billed separately and shall be 

payable not later than the twenty-fifth day following the date of 

shipment. All credit for a period in excess of ten (10) days E.0.M. 

(end of month) or ten (10) days, sixty (60) extra, as earlier provided, shall be covered by the purchaser giving his trade acceptance 

for the purcha e price thereof. Merchandise shipped after the 

twenty-ninth day of any month may be dated as of the first day of 

the follo"ing month. Anticipation shall not be allowed at a rate 

in excess of six per cent per annum. 

Approved Code 1 o. 436-Amendment No. 1. 

Registry No. 912-03. 

(3) 

0 
' 
Approved Code No. 436-Amendment No. 1 

ERRATA SHEET 

Registry No. 912-03 

CODE OF FAIR COMPETITION 

FOR THE 

FUR MFG. INDUSTRY 

As Approved on July 30, 1934 

Page three, fifth line should read as follows: "Eight (8%) percent 

ten (10) days E.O.M. ( end of month); or six (6%) percent ten (10). 

days, sixtr (60) days extra; or net four (4) months from date of 

shipment'. 

85766°-1181-46---:34 (1) 

e, t. •OYIIINIIEHT ~RtNrtN<I 01''1CI I tu• 


UM IVERSITY OF FL O RIDA 

II I II 111111 Ill II I 1111111111 II 1111111111 Ill 111111111 II 111111111 I I 

3 1262 08852 5539