Approved Code No. 84 — Supplement No. 10 Registry No. 1108—1—05 NATIONAL RECOVERY ADMINISTRATION SUPPLEMENTARY CODE OF FAIR COMPETITION FOR THE CUTLERY, MANICURE IMPLEMENT AND PAINTERS AND PAPERHANGERS TOOL MANUFACTURING AND ASSEMBLING INDUSTRY AS APPROVED ON MARCH 26, 1934 WE 00 OUR PART UNIV. OF FL LIB. nnnuyENTS PEP' U.S. DEPO»ITO?^Y iTED STATES GOVERNMENT PRINTING OFFICE WASHINGTON: 1934 For sale by the Superintendent of Documents, Washingtan, D.C. Price 5 cents This publicatiou 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 COaiMERCE 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, 111. : Suite 170G, 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 Federal Building. 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 East Plume Street. Philadelphia, Pa. : 422 Commercial Trust Building. Pittsburgh. Pa. : Chamber of Commerce Building. Portland, Oreg. : 215 New Post Office Building. St. Louis, Mo.: 506 Olive Street. San Francisco, Calif.: 310 Customhouse. Seattle, Wash. : 809 Federal Office Building. Approved Code No. 84 — Supplement No. 10 SUPPLEMENTARY CODE OF FAIR COMPETITION FOR THE CUTLERY, MANICURE IMPLEMENT AND PAINTERS' AND PAPERHANGERS' TOOL MANU- FACTURING AND ASSEMBLING INDUSTRY As Approved on March 28, 1934 ORDER Approving Sui'plementary Code of Fair Compeiition for the Cutlery, Manicure Implement and Painters and Paperhangers Tool Manufacturing and Assembling Industry A division of the fabricated metal products manufacturing and METAL FINISHING AND METAL COATING 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, and in accordance with the provisions of Section I of Article VI of the Basic Code for the Fabri- cated Metal Products Manufacturing and Metal Finishing and Metal Coating Industry, approved November 2, 1933, for approval of a Supplementary Code of Fair Competition for the Cutlery, Manicure Implement and Painters and Paperhangers Tool Manufacturing and Assembling Industry, and hearing having been duly held thereon; and the annexed report on said Supplementary Code, containing find- ings with respect thereto, having been made and directed to the President : NOW, 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 Presi- dent, including Executive Order No. 6543-A, dated December 30, 1933, and otherwise; do hereby incorporate by reference said annexed report and do find that said Supplementary Code complies 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 Supplementary Code of Fair Competition be and it is hereby approved; provided, however, that the provisions of Article VII, Paragraph (a), insofar as they prescribe a waiting period between tlie filing with the Code Authority and the effective date of revised price lists or revised terms and conditions of sale be and they are 49058° 425-151 34 (i) hereby staj^ed pending my further Order either within a period of sixty \lays from the effective date of this Supplementary Code or after the completion of a study of open price associations now being conducted by the National Recovery Administration. Hugh S. Johnson, Administrator for Industrial Recovery. Approval recommended : A. R. Glancy, Divisio n A dininistrator. Washington, D.C, March 26, 1934. REPORT TO THE PRESIDENT The President, The White House. Sir : This is a report on the Supplementary Code of Fair Com- petition for the Cutlery, Manicure Implement and Painters and Paperhangers Tool Manufacturing and Assembling Industry, a divi- sion of the Fabricated Metal Products Manufacturing and Metal Finishing and Metal Coating Industry, the hearing having been conducted thereon in Washington, D.C., January 23, 1934 in accord- ance with the provisions of Title I of the National Industrial Re- covery Act. GENERAL STATEMENT The Cutlery, Manicure Implement and Painters and Paperhangers Tool Manufacturing and Assembling Industry, being truly repre- sentative of this division of the Fabricated Metal Products Manu- facturing and Metal Finishing and Metal Coating Industry, has elected to avail itself of the option of submitting a Supplementary Code of Fair Competition, as provided for in Section 1 of Article VI of the Basic Code, for the Fabricated Metal Products Manufac- turing and Metal Finishing and Metal Coating Industry approved by you on the second day of November, 1933. RESUME OF THE CODE Article I states the purpose of the Supplementary Code. Article II accurately defines specific terms employed in the Supple- mentary Code. Article III. This Industry is a division of the Fabricated Metal Products Manufacturing and Metal Finishing and Metal Coating Industry and the labor provisions of its Basic Code, as approved November 2, 1933, are the labor provisions of this Supplementary Code. Article IV establishes a Supplementary Code Authority consist- ing of six (6) members, one member of which has been elected by an Executive Committee of each of the six sections of the Industry, which Executive Committee has in turn been elected by the mem- bers of the six sections of the Industry respectively at a meeting called by the Temporary Code Authority, and gives the Adminis- trator the authority to appoint one additional member without vote and without expense to the Industr}^ unless the Code Authority agrees to pay such expense, and provides machinery for obtaining statistics and the administration of the Supplementary Code. Article V provides for an accounting system and methods of cost finding and/or estimating. (3) Article VI provides for determining the lowest reasonable cost of the products of this Industry. Article VII provides methods of setting up and revising price lists. Article VIII sets forth the unfair trade practices of this Supple- mentary Code which has been especially designed to offset unfair competition in this division of the Industry, Article IX provides against monopolies and monopolistic practices. Article X contains the mandatory provisions contained in Section 10 (b) of the Act and also provides for the submission of proposed .amendments to the Supplementary Code. Article XI recognizes that price increases be limited to actual additional increase in the seller's costs. Article XII states the effective date and duration of this Supplementary Code. FINDINGS The Assistant Deputy Administrator in his final report to me on said Supplementary Code having found as herein set forth and on the basis of all the proceedings in this matter : I find that: (a) Said Supp/lementary 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 wdiich tend to diminish the amount thereof and will provide for the general welfare by promoting the organiza- tion of industry for the purposes of cooperative action among the trade groups, by inducing and maintaining united action of labor and management under adequate governmental sanctions and super- vision, by eliminating unfair competitive practices, by promoting the fullest possible utilization of the present productive capacity of in- dustries, 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 otherwise rehabilitating industry. (b) Said Industry normally employs not more than 50,000 em- ployees; and is not classified by me as a major industry. (c) The Supplementary Code as approved 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; and that the applicant group is an industrial group truly representative of the aforesaid Industry; and that said association imposes no inequitable restrictions on admission to membership therein. (d) The Supplementary Code is not designed to and will not per- mit monopolies or monopolistic practices. (e) The Supplementary Code is not designed to and will not elimi- nate or oppress small enterprises and will not operate to discriminate against them. (f) Those engaojed in other steps of the economic process have not been deprived of the right to be lieard prior to approval of said Supplementary Code. For these re^isons, therefore, I have approved this Supplementary Code. Respectfully, Hugh S. Johnson, Administrator. March 26, 1934. SUPPLEMENTARY CODE OF FAIR COMPETITION FOR THE CUTLERY, MANICURE IMPLEMENT AND PAINT- ERS AND PAPERHANGERS TOOL MANUFACTURING AND ASSEMBLING INDUSTRY A DIVISION OF THE FABRICATED METAL PRODUCTS MANUFACTURING AND METAL FINISHING AND METAL COATING INDUSTRY Article I — Purposes To effectuate the policy of Title I of the National Industrial Recovery Act, the following provisions are established as a Supple- mentary Code of Fair Competition for the Cutlery Manufacturing and Assembling Industry, pursuant to Article VI of the Basic Code of Fair Competition for the Fabricated Metal Products Manufac- turing and Metal Finishing and Metal Coating Industry approved by the President of the United States on the 2nd day of November 1933 and the provisions of this Supplementary Code shall be the standard of fair competition for and shall be binding upon every member thereof. Article II — Definitions The term Cutlery, IManicure Implement and Painters and Paper- hangers Tool Manufacturing and Assembling Industry, hereafter referred to as the " Industry " is defined to mean the manufacture and/or assembly for sale by the manufacturer or assembler of Pocket Knives of all kinds, Hunting Knives, Table knives of all kinds, (except those mounted with silver or hollow handles of pressed or moulded base metal.) Table Forks made of steel or any of the several steel alloys, (except v/hen mounted with silver or hollow handles of pressed oi- moulded base metal,) various types of Table Cutlery such as Butter knives. Pie servers and Spoons with blades of steel or any of the several steel alloys, (except when mounted with silver or hollow handles; as described above.) Carvers of all kinds, (with the same exceptions as to mounting as governing Table knives and forks,) HoQsehold knives, Butcher, Professional, Trade knives and Spatulas of all kinds, mounted with handles or the finished or semi- finished blades for any of the foregoing items. Butcher's Cleavers, Straiglit Razoi's, Scissors, Shears, Grass Shears, Pruners, Tin Snips, Manicure Implements, Manicure Sticks, Painters and Paperhangers Tools and Equipment, (other than such products as are specifically covered in the approved Codes for the Ladder Industry and the Brush Industry,) and all other Cutlery products which are the natural afliliates of the above and are generally accepted and defined by manufacturers and distributors as Cutlery. The term " employee " as used herein includes anyone engaged in the Industry' in any capacity receiving compensation for his services, (6) irrespective of the nature or method of payinont of such compensation. The term '' emph)3Tr " as used herein in{,'hides anyone by wliom any such em2:)loyee is compensated or emploj^ed. The term " member of the IncUistry " as used herein inchides but without limitation any individual, partnership, association, corpo- ration or other form of enterprise, engaged in the Industry as an employer or on his or its own behalf. The term '•' Section " as used herein is defined to mean a subdivision of the Industry already established or which may be established of which there are now six designated as 1. Table and Trade Knife Section. 2. Pocket Knife Section. 3. Scissors and Shears Section. 4. Manicure Implement Section. 5. Straight Razor Section. 6. Painters & Paperhangers Tool Equipment Section. The terms " President ", "Act ", and "Administrator " as used herein shall mean respectively the President of the United States, the National Industrial Recovery Act, and the Administrator for Industrial Recover^'. The term " Basic Code " as used herein is defined to mean the Basic Code of Fair Competition for the Fabricated Metal Products Manufacturing and Metal Finishing and Metal Coating Industry, as approved by the President on the 2nd day of November, 1933. The term " Supplementary Code Authority " as used herein means the agenc}^ which is to administer this Supplementary Code as here- inafter provided. The term "Association " as used herein, is defined to mean the American Cutlery Manufacturers Association or its successor. Article III — Employment Provisions This Industiy is a division of the Fabricated Metal Products Manufacturing and Metal Finishing and Metal Coating Industry, and without limitation the wage, hour and labor provisions in Article III of its basic code as approved by the President November 2. 1933, including Section 1 of said Article III bv which the provisions of Sub-sections (1), (2) and (3) of Section 7 "(a) of Title I of the Act are made conditions of this Code, are specifically incorporated herein and made a part hereof as the wage, hour and labor provisions of this Supplementary Code. Article IV — Organization and Administration Section 1. The Supplementary Code Authority is hereby consti- tuted the agency to administer the provisions of this Supplementary Code. Section 2. The members of the Supplementary Code Authority shall be elected as follows : Each section of the Industry shall within thirty days after the effective date hereof, and annually thereafter, by letter ballot or otherwise as may be approved by the Adminis- trator, elect an Executive Connnittee of from to three to seven mem- bers by a majority vote of the members of the Industry comprising that section. The Executive Committee shall elect one of their members as a member of the Supplementary Code Authority, and the Supplementary Code Authority shall consist of one member from each section of the Industry. In addition to the members above provided, the Administrator may appoint one member who shall serve without vote and without expense to the Industry unless the Supplementary Code Authority agrees to pay such expenses. The representative who may be appointed by the Administrator shall be given reasonable notice of, and ma}^ sit at all meetings of, the Supplementary Code Authority. Upon a vacancy occurring the Supplementary Code Authority shall elect a new member from the section of the Industry not represented on the Supplementary Code Authority. Section 3. " The Supplementary Code Authority " is hereby constituted the Agency to administer the provisions of this Supple- mentary Code and to collect and distribute all statistical reports of the Industry. Section 4. The Supplementary Code Authority shall also from time to time furnish the Basic Code Authority, designated in said Basic Code, sucli information as may be required to be furnished under the terms of said Basic Code. Section 5. Nothing contained in this Supplementary Code shall constitute the members of the Supplementary Code Authority part- ners for any purpose. Nor shall any member of the Supplementary Code Authority exercising reasonable diligence in the conduct of his duties hereunder, be liable in any manner to anyone for any act of any other member, officer, agent or employee of the Supplementary Code Authority for any action or omission to act under this Supplementary Code except for his own wilful misfeasance or nonfeasance. Section 6, The Supplementary Code Authority shall have the following poAvers and duties : (a) To adopt bylaws and rules and regulations for, and keep records of its procedure and for the administration and enforcement of this Supplementary Code, subject to such rules and regulations as the Administrator may prescribe. (b) To obtain from the Industry such information, reports and statistics as are required for the administration of this Supplemen- tary Code v/hich shall be furnished by all members of the Industry without unreasonable delay, provided that nothing in this Supple- mentary Code shall relieve any member of the Industry of any exist- ing obligation to furnish reports to any Government agency. Any information or statistics which may be called for which may be of a confidential nature, shall be collected and compiled by a suitable agent (not a member of or connected with a member of the Indus- try) selected by the Supplementary Code Authority who may be a permanent employee. The data and/or statistics so collected shall be furnished to the Supplementary Code Authority or the Industry only in combination with such other information of the same type and in such form as Avill not disclose the individual data and/or sta- tistics furnished by any single member of the Industry. No mem- ber of the Supplementary Code Authority or other person shall 1 at any time heave access to or be rnrnished ',vitli any information by said agent which woiihl disclose the confidential 'information fur- nished by any sinolc member of the Industry, except in the case of a violation of this Supplementary Code in which case all pertinent data and information shall be laid before the Supplementary Code Authority for its consideration and decision. (c) To use any such Trade Association and other agencies as it deems proper for the carrying out of any of its activities provided for herein, provided that nothing herein shall relieve the Supple- mentary Code Authority of its duties or responsibilities under this Supplementary Code and that such Trade Associations and agencies shall at all times be subject to and comply with the provisions hereof. (d) To make recommendations to the Administrator for the co- ordination of the administration of this Supplementary Code with such other Codes, if any, as may be related to the Industry. (e) To distribute the expense incurred in connection with its ac- tivities relative to the administration of this Supplementary Code among the members of the Industry, the share of said expense to be paid by each member of the Industry, to be based upon the volume of business and/or such other factors as the Supplementary Code Authority may prescribe, and every member of the Industry subject to the jurisdiction of this Supplementary Code shall pay to the Sup- plementary Code Authority his or its proportionate share of the cost of maintaining such Supplementary Code Authority. When such proportionate share to be paid by each member of tlie Industry has been determined, the Supplementary Code Authority shall notify each member of the Industry of the amount thereof, and said mem- ber of the Industry shall promptly pay said amount to the Supple- mentary Code Authority at such times and in such installments as the Supplementary Code Autliority may rec}uire. Any unreasonable delay in making such payment or refusal to make same shall be a violation of this Supplementary Code. Section 7. The Supplementary Code Authority shall be and hereby is empowered, upon complaint duly made to it in writing or upon its own initiative, to make such inquiry and investigation into the operation of this Supplementary Code as ma}^ be necessary; subject to such rules and regulations as the Administrator may prescribe. Section 8. The Supplementary Code Authority shall, as soon as practical, formulate certain standards of quality, under various classifications, for those products of the Industry as are adapted to standardization and simplification, which shall become the stand- ards for the Industry upon approval by the Administrator. Section 9. Each trade or industrial association directly or indi- rectly participating in the selection or activities of the Code Au- thority shall (1) impose no inequitable restrictions on member- ship, ancl (2) submit to the Administrator true copies of its articles of association, by laws, regulations, and any amendments when made thereto, together with such other information as to member- ship, organization, and activities as the Administrator may deem necessary to effectuate the purposes of the Act. Section 10. In order that the Code Authority shall at all times be truly representative of the industry and in o\her respects comply 10 with (he proAasions of the Act, the Administrator may prescribe such hearings as he may deem proper; and thereafter if he shall find that the Code Authority is not truly representative or does not in other respects comply with the provisions of the Act, may require an appropriate modification in the method of selection of the Code Authority. Section 11. If the Administrator shall determine that any action of the Supplementary Code Authority or any agency thereof may be unfair or unjust or contrary to the public interest, the Ad- ministrator may, after roasonaljle endeavor, to confer with the Supplementary Code Authority, require that such action be sus- pended to afford an opportunity for investigation of the merits of such action and further consideration by the Supplementary Code Authority or agency pending final action which shall not be effective unless the Administrator approves or unless he shall fail to dis- approve after 30 days' notice to him of intention to proceed with such action in its original or modified form. Article V — Accounting Section 1. With respect to that portion of his product which is within the Industry, every employer shall use an accounting system for determining his allowable cost which conforms to the principles of, and is at least as detailed and complete as, the uniform method of accounting and uniform method of costing, to be formulated by the Supplementary Code Authority and approved by the Administrator with such variations therefrom as may be required by the individual conditions affecting any employer or group of employers, and as may be approved by the Supplementary Code Authority and the Admin- istrator. Section 2. When the Supplementary Code Authority determines that an emergency exists in this Industry and that the cause thereof is destructive price-cutting such as to render ineffective or seriously endanger the maintenance of the provisions of this Supplementary Code, the Supplementary Code Authority may cause to be determined the lowest reasonable cost of the products of this Industry, such cle- termination to be subject to such notice and hearing as the Adminis- trator may require. The Administrator may approve, disapprove, or modify the determination. Thereafter, during the period of the emergency, it shall be an unfair trade practice for any member of the industry to sell or offer to sell any products of the industry for which the lowest reasonable cost has been determined at such prices or upon such terms or conditions of sale that the buyer will pay less therefor than the loAvest reasonable cost of such products. When it appears that conditions have changed, the Supplementary Code Authority, upon its OAvn initiative or upon the request of any interested party, shall cause the determination to be revicAved. Article VI — Selling Beloav Cost (a) No employer shall sell or exchange any product of the Indus- try, manufactured or assembled by him at a price, or upon terms and conditions, that Avill result in the purchaser paying for the goods 11 1 eceivcd, less than the allowable cost thereof to the seller, determined in accordance with a uniform method of costing? above described or as may be determined by tlie Supplementary Code Authority as pro- vided in Section 2 of Article V i)rovided, liowever, that di-opped lines, or seconds, or inventories which must be disposed of by any employer may be sold at any price and on any terms and conditions, but only if such employer, not less than 10 days before said disposal, has filed with the Sui)plementary Code Authority, a statement in writing, set- ting forth the fact of, and reasons for, such proposed disposal; and Supplementary Code Authority has not, before the termination of such 10 day period, in writing disa})proved the proposed disposal, such disapproval shall only be made when alleged facts are misrepre- sented. (b) Provided, further, that the Supplementary Code Authority, upon application to it shall grant permission to any employer to sell below his costs in order that he may meet competitive prices filecf in accordance wdth the provisions of Article VII (a) of this Supple- mentary Code, or to meet competition from products of equivalent design, character, quality, or specifications, manufactured outside the United States; and provided further, that the provisions of this paragraph shall not be deemed to apply to or to affect the sale of any product for direct shipment in export trade by any member of the Industry within the meaning of the term " export trade " as it is us?d in the Export Trade Act. Article VII — Selling Prices (a) Within ten days after this Supplementary Code becomes ef- fective, each member of the Industry shall file wdth tlie Supple- mentary Code Authority a net price list, or price list and discount sheet, as the case may be, individually prepared by him showing his current minimum net prices, or prices\and maximum discounts, terms of payment, and freight or other allowances applying to his stand- ard merchandise offered to the trade which price list shall be imme- diately available to all known manufacturers of similar products and shall be available at the office of the Supplementary Code Au- thority to all interested parties according to their classification, said classification to be set up by the Supplementary Code Authority within sixty (GO) days and approved by the Administrator. Re- vised price lists with or without discount sheets shall be filed from time to time thereafter with tlie Supplementary Code Authority by any manufac-turer to become effective five days from the date of such filing. Notice of such change shall be immediately sent by the Sup- plementary Code Authority to all. known manufacturers of similar products who thereupon may file, if they so desire, revisions of their price list or discount sheet which shall become effective upon the date when the revised price list or discount sheet first filed shall go into effect, provided that he shall not establish prices lower, nor discounts greater, nor conditions of sale more favorable than those contained in the revised list first filed. ^ (b) No employer shall sell directly or indirectly by any means, trick, device or subterfuge whatsoever, any product of the Industry 1 See paragraph 2 of order approving this Code. 12 covered by the provisions of this Article at a price lower or at dis- counts o;reater or on more favorable terms of payment than those provided in his filed current price lists and discount sheets except as provided in Article VI. x\rticle VIII — -Unfair Trade Practices In addition to the unfair trade practices covered in Article V of the Basic Code, for all purposes of this Supplementary Code, the following described acts shall constitute unfair practices. Any member of the Industry who shall directly or indirectly, through any officer, employee, agent or representative, use or employ any of such unfair practices shall be guilty of a violation of this Supple- mentary Code. (1) The post dating of invoices for more than 90 days from date of shipment except on agricultural implements. (2) The allowing of better terms of payment than 2% 10th E.O.M. net 30 days E.O.M. (3) The making or entering into any new contract or agreement or the extension of any existing contract or agreement beyond July 1, 1934, the effect of which will amount to delivery on consignment of any products of the Industry except as may be modified by the Supplementary Code Authority and approved by the Administrator. (4) Accepting a contract or contracts for either stock or special brand merchandise at a fixed price without a corresponding com- mitment on the part of the purchaser to buy a specified quantity of each and every item, all to be shipped and invoiced within one year. (5) No member of the Industry shall attempt to induce the breach of a written contract between a competitor and his employee, or customer or source of supply; nor shall any such member interfere with or obstruct the performance of such contractual duties or services. (6) The misbranding of materials in a manner that will tend to deceive the consumer as to the quality or type of materials used. (7) For purpose of influencing a sale no employee shall withhold from, or insert in any invoice a false record, wholly or in part, of the transaction represented on the face thereof, nor pay or allow secret rebates, refunds, credits, unearned discounts (whether in the form of money or otherwise), or extend to certain purchasers prices, services, or privileges not extended to all purchasers under like conditions. Article IX — Monopolies No provision in this Supplementary Code shall be so applied as to permit monopolies or monopolistic practices, or to eliminate, oppress or discriminate against small enterprises. Article X — Modifications Section 1. This Supplementary Code and all provisions thereof are expressly made subject to the right of the President in accordance 13 with provisions of sub-section (b) of section 10 of the Act, from time to time to cancel or modify any order, approval, license, rule or regulation issued under said Act. Section 2. This Supplmentary Code, except as to provisions required by the Act, may be modified on tlie basis of experience or changes in circumstances, such modifications to be based upon appli- cation by the Supplementary Code Authority to the Administrator and such notice and hearing as he shall specify and to become effective and to be a part of this Supplementary Code upon approval by the xVdministrator. Article XI — Price Increases "Whereas the policy of the Act to increase real purchasing power will be made more difficult of consummation if prices of goods and services increase as rapidly as wages, it is recognized that price increases except such as may be required to meet individual costs should be delayed, but when made, such increases should, so far as possible, be limited to actual additional increases in the seller's costs. Article XII — Effective Date and Duration This Supplementary Code shall become effective at 12 : 01 A. M. on the 10th day after its approval by the President and shall continue in effect until June 16 1935, or the earliest date prior thereto on which the President shall, by proclamation, or the Congress shall by joint resolution declare that the emergency recognized by Title I of the National Industrial Kecovery Act has ended. Approved Code No. 84 — Supplement No. 10. Registry No. 1108-1-05. o UNIVERSITY OF FLORIDA 3 1262 08855 6005