Approved Code No. 381-Amendment No. 1 Registry No. 917-10 

NATIONAL RECOVERY ADMINISTRATION 

AMENDMENT TO 

CODE OF FAIR COMPETITION 

FOR THE 

FUR DEALING TRADE 

AS APPROVED ON JULY 20, 1934 

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Approved Code No. 381-Amendment No. 1 

AMENDMENT TO CODE OF FAIR COMPETITION 

FOR THE 

FUR DEALING TRADE 

As Approved on July 20, 1934 

ORDER 

APPROVING MODIFICATION OF THE CODE OF FAIR COMPETITION FOR THE 

FUR DEALING TR.ADE 

An 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 modifications 

to the Code of Fair Competition for the Fur Dealing Trade, and 

notice of opportunity to be heard having been afforded to all members of said Trade and the annexed report on said modification, 

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 Jo. 6543-A, dated December 

30, 1933, and otherwise; do hereby incorporate, by reference, said 

annexed report and do find that said modification and the Code as 

constituted after being modified 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 modification 

be and they are hereby approved, and that the previous approval 

of said Code is hereby modified to include an approval of said Code 

in its entirety as modifi d. 

Approval recommended: 

GEO. L. BERRY, 

H UGH s. JOHNSON' 

Administrator fo'l' I ndustrial R ecovery. 

Division Administrator. 

w ASHINGTON, D.C., 

July ~O, 1934. 

75204°-829- 119-34 (1) 
REPORTTOTHEPREfilDENT 

The PRESIDENT, 

The White House. 

Srn : This is a report on the modification to the Code of Fair 

Competition for the Fur Dealing Trade, which has been submitted 

in accordance with Executive Order No. 6678. 

This modification enables the Code Authority to incur such reasonable obligations as are necessary to support the administration of 

the code and to maintain the standards of fair competition establi hed by this code. It also enables the Code Authority to submit 

an itemized budget, and an equitable basis upon which the funds 

neces ary to support such budget shall be contributed by the members of the trade. Such contributions are made mandatory by this 

modification. 

The Deputy Administrator in his final report to me on said modification of said code having found as herein set forth and on the basis 

9£ all the proceedings in this matter: 

I find that: 

(a) The modification of said code and tiie code as modified 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 trade for the purpose o:f 

cooperative 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 "ndustries, by avoiding undue restriction of 

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

the consumption of industrial and agriculturial products· through 

increasing purchasing power, by reducing and relieving unemployment, by improving standards of labor, and by otherwise rehabilitating industry. 

(b) The code as modified complies in all respects with the pertinent provi ions of said Title of said Act, including without limitation sub-section (a) of Section 3, sub-section (a) of Section 7 and 

sub-section (b) of Section 10 thereof. 

( c) The modification and the code as modified are not designed to 

and will not permit m.onopolies or monopolistic practices. 

( d) The modification and the code as modified are not designed 

to and will not eliminate or oppress s1nall enterprises and will not 

operate to discriminate against them. 

( e) Those engaged in other steps of the economic process have 

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

modification. 

For these reasons this modification has been approved. 

Respectfully, 

HUGH S. JOHNSON, 

JULY 20, 1934. .Administrator. 

(2) 
MODIFICATION TO CODE OF F IR co:MPETITION FOR 

THE F R DEALI G TRADE 

The following hall be ub titute i for tion 9 Article VI of 

the Code <?f Fair Competition for the Fur D aling Trade. ' 

1. It_ being found neces ary to supp rt th lmini tration of this 

Code, 1n or ler to effectuate the policy f the A t antl to maintain 

the standards of fair competition establi h tl hereunder, the Code 

Authority is authorized: 

(a) To incur such reasonable obligation as are ne e ary and 

proper for the foregoing purposes and to meet uch obliO'ations out 

of funds which hall b0 held in tru t £or the purpo e of the Code 

and raised as hereinafter provided : 

(b) To ubmit to the Administrator for his approval, subject to 

such notice and opportunity to be heard as he may ieem necessary-

(!) An itemized budget of its estimated expenses for the 

foregoing purpo es, and 

(2) An equitable ba is upon which the funds nece sary to 

support such budget hall be contributed by all members of the 

Trade entitled to the benefits accruing from the maintenance of 

such standards, and the admini tration thereof; 

(c) After such budget and basis of assessment have been approved 

by the Administrator, to determine and collect equitable as essments 

as above set forth, and to that end, if necessary, to institute legal 

proceedings therefor in its own name. 

( d) Each member of the trade shall pay his or its equitable con- tribution to the expense of the maintenance of the Code Authority 

<letermined as hereinabove provided, and subject to rules and regulations pertaining thereto issued by the Administrator. 

2. Only members of the trade complying with the code and contributing to the expense of this administration as hereinabovc 

provided (unless duly exempted from making such contribution) 

shall be entitled to participate in the selection of the members of 

the Code Authority Board, or to receive the benefits of its activities 

or to make use of any regi try number or emblem or .R.A. insignia 

issued pursuant to the provisions of thi code. Such regi try number, 

emblem or N.R.A. in ignia may be withheld, removed or revoked 

only in accordance with the rules and regulations promulgated from 

time to time by the Administrator. 

3. Th ode Authority shall neither incur nor pay any obligation 

in exces of the amount thereof as estimated in its approved budget, 

except ur on approval of the Administrator; and no subsequent 

budget hall contain any deficiency item for exp nditures in excess 

of prior budO'et e timate exc pt those which the Admini trator shall 

ha, e o approved. 

The following provi ions of the Code are hereby deleted: 

Sub- ection (f) and (g), Section 11, of Article VI. 

Appro,ed ode No. 3 1-Amendment o. 1. 

Ilegi try No. 917- 10. (3) 

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