t^ Approved Code No. 84 — Supplement No. 32 Registry No. 1122—07 NATIONAL RECOVERY ADMINISTRATION SUPPLEMENTARY CODE OF FAIR COMPETITION FOR THE HOG RING AND RINGER MANUFACTURING INDUSTRY (A Division of the Fabricated Metal Products Manufacturing and Metal Finishing and Metal Coating Industry) AS APPROVED ON MAY 22, 1934 WE DO OUR PART UNIV. OF FL LIB. ""] nnr.UUEMTS DEPT. ^ i A Kl rt U.S. 9E POWTOPr/ UNITED STATES GOVERNMENT PRINTING OFFICE WASHINGTON: 1934 For sale by the Superintendent of Documents, Washington, D.C. - 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 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. 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No. 32 SUPPLEMENTARY CODE OF FAIR COMPETITION FOR THE HOG RING AND RINGER MANUFACTURING INDUSTRY As Approved on May 22, 1934 ORDER Approving Supplementary Code of Fair Competition for the Hoo Ring and Ringer Manufacturing Industry a di^'ision 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 Industi-ial Recovery Act, approved June 16, 1933, and in accordance with the provisions of Section I of Article VI of the Basic Code for the Fabricated 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 Hog Ring and Ringer Manufacturing Industry, and hearing having been duly held thereon; and the annexed report on said Supplementary Code, containing findings 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 President, including Executive Order No. 6543-A, dated December 30, 1933, and otherwise ; do hereby incorporate by reference said an- nexed 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, Section 1, insofar as they prescribe a waiting period between the filing with the Code Authority (or such agency as may be designated in the Code) and the effective date of price lists, as orig- inally filed and/or revised price lists or revised terms and conditions of sale, be and they hereby are stayed pending my further Order. Hugh S. Johnson, Adininistrator for Industndl Recovery. Approval recommended : A. R. Glancy, Division Administrcdor. Washington, D.C, May 22, 193 J^. 61406* 544-129 34 (1) REPORT TO THE PRESIDENT The President, The White House. Sir : This is a report on the Supplementary Code of Fair Compe- tition for the Hog Ring and Ringer Manufacturing Industry, a division of the Fabricated Metal Products Manufacturing and Metal Finishing and Metal Coating Industry, the hearing having been conducted thereon in Washington, D.C., February 6, 1934, in accord- ance with the provisions of Title I of the National Industrial Recovery Act. GENERAL. STATEMENT The Hog Ring and Rinoer Manufacturing Industry, being truly representative of this division of the Fabricated Metal Products Manufacturing and Metal Finishing and Metal Coating Industry, has elected to avail itself of the option of submitting a Supplemen- tary Code of Fair Competition, as provided for in Section 1 of Article VI of the Basic Code, for the Fabricated Metal Products Manufacturing 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 Sup- plementary Code. Article HI. This Industry is a division of the Fabricated Metal Products Manufacturing and Metal Finishing and Metal Coatmg 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 the Executive Committee of the Hog Ring and Ringer Manu- facturers Association and gives the Administrator the authority to appoint one additional member without vote 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 tor estimating. Article VI provides against selling below allowable cost as deter- mined by a uniform method of costing. Article VII provides for 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. (2) Article IX provides against monopolies and monopolistic prac- tices. Article X contains the mandatory provisions contained in Section 10 (b) and also provides for the submission of proposed amendments to the Supplementary Code. Article XI recognizes that price increases be limited to actual addi- tional increases in the seller's costs. Article XII states the effective date and duration of this Supj^le- mentar}' Code. FINDINGS The Deputy Administrator in his final report to me on said Supple- mentary Code having found as herein set forth and on the basis of all the proceedings in this matter : I find that : (a) Said Supplementary Code is "well designed to promote the policies and purposes of Title I of the National Industrial Recoveiy Act, including 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 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 industries, by avoiding undue restriction of production (except as ma}^ be temporarily required), by increasing the consumption of industrial and agricultural products through increasing purchas- ing 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- ploj'ees; 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 T, and Subsection (b) of Section 10 thereof; and that the applicant group is an association truly representative of the afore- said 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 permit monopolies or monopolistic practices. (e) The Supplementary Code is not designed to and will not eliminate or oppress small enterprises and will not operate to dis- criminate against them. (f ) Those engaged in other steps of the economic process have not been deprived of the right to be heard prior to approval of said Supplementary Code. For these reasons, therefore, I have approved this Supplementary Code. Respectfully, Hugh S. Johnson, A d7ninis trator. May 22, 1934. SUPPLEMENTARY CODE OF FAIR COMPETITION FOR THE HOG RING AND RINGER MANUFACTURING INDUSTRY A DIVISION OF THE FABRICATED METAL PRODUCTS MANUFACTURING AND METAL FINISHING AND METAL COATING INDUSTRY Article I — Pukposes To effectuate the policies of Title I of the National Industrial Recovery Act, the following provisions are established as a Sup- plementary Code of Fair Competition for the Hog Ring and Ringer Manufacturing 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 second day of Novem- ber, 1&33, and the provisions of this Supplementary Code shall be the standard for fair competition for this Industry and shall be binding upon every member thereof. Article II — Definitions Section 1. The term " Hog Ring and Ringer Manufacturing In- dustry " is defined to mean the manufacture for sale of Hog Rings and Ringers. Section 2. The terms " President ", " Act ", and " Administrator " as used herein shall mean respectively the President of the United States, Title I of the National Industrial Recovery Act, and the Administrator for Industrial Recovery. Section 3, The term " member of the Industry " as used herein in- cludes but without limitation any individual, partnership, associa- tion, corporation or other form of enterprise engaged in the Industry either as an employer or on his or its own behalf. Section 4. 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 of the United States on the second day of November, 1933. Section 5. The term " employee " as used herein includes anyone engaged in the Industry in any capacity receiving compensation for his services, irrespective of the nature or method of payment of such compensation. Section 6. The term " Supplementary Code Authority " as used herein is defined to mean the Agency which is to administer this Supplementary Code as hereinafter provided. (4) Sectiox 7. The term " employer " as used herein includes anyone by whom any such employee is compensated or employed. Section 8. The t^rm "Association " is defined to mean the Hog Ring and Ringer Manufacturing Association or its successor. Section 9. The term " Confidential Agent " as used herein, is de- fined to mean the impartial agency to be designated by the Supple- mentary Code Authority. Article III — Employment Pkovisions This Industry 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 Arti- cle III of its basic code as approved by the President November 2, 1933, including Section 1 of said Article III by 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 and to collect and distribute all statistical reports of the Industry. The Supplementary Code Authority shall consist of the Executive Committee of the Hog Ring and Ringer Manufacturers Association. In addition thereto the Administrator may appoint a member of the Supplementary Code Authority who shall be without vote and shall serve without expense to the Industry, unless the Supplementary Code Authority agrees to pay such exj)ense. The representative who may be appointed by the Administator shall be given reasonable notice of all meetings and may sit at all meetings of the Supple- mentary Code Authority. Section 2. Any Association/Institute and/or Bureau directly or indirectly participating in the selection or activities of the Supple- mentary Code Authority shall (1) impose no inequitable restrictions on membership, and (2) shall use due diligence in submitting to the Administrator true copies of its Articles of Association, By-Laws, Regulations and any amendments when made thereto, together with suc*h other information as to membership, organization, and activities as may be necessar}?^ to effectuate the purposes of the Act. Section 3. In order that the Supplementary Code Authority shall, at all times, be truly representative of the Industry and in other respects compl}^ with the provisions of the Act, the Adminis- trator may prescribe such Hearings as he may reasonably deem proper; and, thereafter, if he shall find that the Supplementary Code Authority is not truly representative or does not in other respects comply with the jDrovisions of the Act, may require the removal of any or all of the members thereof and may make appro- priate modification or modifications in the method of selection of the Supplementary Code Authority. Section 4. All members of the Industry are subject to the juris- diction of the Supplementary Code; shall be entitled to participate in and share the iDenefits of the Supplementary Code. Sfx'tion 5. It being found necessary, in order to support the administration of this Supplementary Code and to maintain the standards of fair competition established by this Supplementary Code and to eifectuate the policy of the Act, the Supplementary Code Authority is authorized, subject to the approval of the Administrator : (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 Supplementary 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 purposes, and (2) an equitable basis upon which the funds neces- sary to support such budget shall be contributed by members of the Industry; (c) After such budget and basis of contribution have been ap- proved by the Administrator, to determine and secure equitable contribution as above set forth by all such members of the Industry, and to that end, if necessary, to institute legal proceedings therefor in its own name. Section 6. Only members of the Industry complying with the Supplementary Code and contributing to the expenses of its admin- istration as provided in Section 1 hereof shall be entitled to partici- pate in the selection of the members of the Supplementary Code Authority or to receive the benefit of its voluntary activities or to make use of any emblem or insignia of the National Recovery Administration. Section 7. 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 be liable in any manner to anyone for any act of any other member, officer, agent or employee of the Supplementary Code Authority, nor shall any member of the Supplementary 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 Supplementary Code, except for his own willful malfeasance or non-feasance. Section 8. The Supplementary Code Authority shall also from time to time furnish to the Basic Code Authority, designated in said Basic Code, such information as may be required to be furnished under terms of said Basic Code. Section 9. The Supplementary Code Authority shall have all the powers and duties which shall be necessary and proper to enable it to fully administer this code and to effectuate its purpose. Without limitation to the foregoing, or any other powers or duties provided for in this Supplementary Code the Supplementary Code Authority shall have the following specific duties subject to such rules and regulations as the Administrator may prescribe; (a) To adopt By-Laws and Rules and Regulations for, and keep records of its procedure and the administration of this Supplemen- tary'^ Code. (b) To obtain from members of the Industry through the Con- fidential Agent such information and reports as are required for the administration of the Supplementary Code. In addition to infor- mation required to be submitted to the Supplementary Code Author- ity, members of the Industry subject to this Supplementary Code shall furnish such statistical information as the Administrator may deem necessary for the purposes recited in Section 3 (a) of the Act to such Federal and State agencies as he may designate; provided that nothing in this Code shall relieve any member of the Industry of any existing obligations to furnish reports to any Government agency. No individual report shall be disclosed to any other mem- ber of the Industry or any other party except to such other Govern- mental agencies as may be directed by the Administrator. (c) To use such trade associations 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 Supplemen- tary Code Authority of its duties or responsibilities under this Sup- plementary 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. (ej To secure from members of tlie Industry an equitable and proportionate payment of the reasonable expenses of maintaining the Supplementary Code Authority and its activities. (f) To cooperate v>'ith the Administrator in regulating the use of any N.R.A, insignia solel}'- by those members of the Industry who have assented to, and are complying with, this Supplementary Code. (g) To recommend to the Administrator further fair trade prac- tice provisions to govern members of the Industry in their relations with each other or with other industries and to recommend to the Administrator measures for industrial planning, including stabiliza- tion of employment. Section 10. If the Administrator believes that any action of the Supplementary Code Authority or any agency thereof is unfair or unjust or contrary to the public interest, the Administrator may re- quire that such action be suspended to afford an opportunity for investigation of the merits of such action. Further action by such Supplementary Code Authority or agency regarding the matter com- plained of may be taken if approved by the Administrator but shall not be taken if disapproved by the Administrator within thirty days of notice to him of intention to proceed with such action. Section 11. Every employer shall j)rovide for the safety and health of employees during the hours and at the places of their employment. Standards for safety and health shall be submitted by the Supplementary Code Authority to the Administrator within six months after the effective date of the Supplementary Code. Section 12. To the extent permitted by the Act and pursuant to such rules and regulations as the Administrator may prescribe 8 any and all information furnished to the Supplementary Code Au- thority by any members of this Industry pursuant to the provisions of this Supplementary Code shall be subject to verification by an impartial agent appointed by the Supplementary Code Authority, and each member of the Industry shall furnish to such impartial agent so much of his pertinent books, accounts and records as may be required to verify the accuracy of the information submitted. Article V — Accounting and Costing Section 1. With respect to that portion of his product which is within the Industry, every member of the Industry shall use an accounting system for determining his allowable cost which con- forms to the princiiDles of, and is at least as detailed and complete as, the uniform method of accounting, and the 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 mem- ber of the Inclustr}'^ or group of members of the Industr3\ Section 2. Notwithstanding any other provision of this Sup- plementary Code when the Supplementary Code Authority deter- mines 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 Sup- plementary Code, the Supplementary Code Authority may cause to be determined the lowest reasonable cost of the products of this Industrj^, such determination to be subject to such notice and hear- ing as the Administrator may require. The Administrator may ap- prove, disapprove, or modify the determination. Thereafter, dur- ing 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 deter- mined at such prices or upon such terms or conditions of sale that the buj^er will pay less therefor than the lowest reasonable cost of such products. When it appears that conditions have changed, the Supplementary Code Authority, upon its own initiative or upon the request of any interested party, shall cause the determination to be reviewed. Article VI — Selling Below Cost No member of the Industry shall sell or exchange or offer to sell or exchange any of the products of this Industry, at a price, or upon terms and conditions, which will result in the purchaser paying for the goods received, less than the allowable cost thereof to the seller, determined in accordance with a uniform method of costing described in Article V, Section 1, or as determined by the Supple- mentary Code Authority as provided in Section 2 thereof ; provided, however, that inventories which must be converted into cash to meet emergency needs may be disposed of by any employer, at any price and on any terms and conditions, but only if such employer, not less than two weeks before such disposal, has filed with the Supple- mentary Code Authority, a statement in writing, setting forth the facts of, and reasons for, such proposed disposal; and provided further, tiiat any member of the Industry may sell below liis costs in order to meet competitive prices filed in accordance with the provisions of Article VII of this Supplementary Code, or to meet competition from products of equivalent design, character, quality, or specifications, manufactured outside the United States, provided that he has first so reported to the Supplementary Code Authority and in such report has cited the competition which caused him to take such action. Article VII — Price Lists Section 1. Each member of the Industry shall within ten (10) days after the effective date of this Supplementary Code file with the Supplementary Code Authority a net price list, or a price list and discount sheet, as the case may be, individually prepared by him, and in such form and for such products as the Supplementary Code Authority may prescribe showing his current prices, or prices and discounts, and terms of sale and payment, and the Supplementary Code Authority shall immediately send copies thereof to all known manufacturers of such specified product. Said price list and/or any revised price list shall be available to all interested buyers at the office of the Confidential Agent. Re^dsed price lists and/or discount sheets and/or all other con- ditions of sale may be filed from time to time thereafter with the Supplementary Code Authority by any manufacturer of such prod- uct, to become effective upon date specified provided that the ef- fective date shall be within five (5) days after filing and in no case until such revision is received by the Supplementary Code Authority. Copies of such revised price lists and/or discount sheets and/or all other conditions of sale with notice of the effective date specified, shall be immediately sent to all known manufacturers of such prod- uct, and shall be available to all interested buyers at the office of the Confidential Agent and any member of the Industry may file if he so desires, to become effective upon the date when the revised price list and/or discount sheet and/or all other conditions of sale first filed shall go into effect, revisions of his price list and/or discount sheets and/or all other conditions of sale establishing prices or prices and discounts not lower or conditions of sale not more favor- able to the purchaser than those established in the revised price lists and/or discount sheets and/or all other conditions of sale fii-st filed.^ Section 2. Each member of the Industry shall furnish the Supple- mentary Code Authority for distribution with such number of copies of his price lists and/or discount sheets as the Supplementary Code Authority may prescribe. Section 3. No member of the Industry shall sell, directly or indi- rectly, by any means whatsoever, any product of the Industry cov- ered by provisions of this Article VII at a price or at discounts, or on other conditions different from those provided in his own current net price lists, or price lists and discount sheets. * See paragraph 2 of order approviug this Code. 10 Section 4. The Supplementary Code Authority shall have power to investigate all complaints filed with it by one member of the Industry against another member of the Industry. ARncLE VIII — Unfair Trade Practices In addition to the Unfair Trade Practices covered by Article V of the Basic Code, except Section A, and 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 such unfair practices shall be guilty of a viola- tion of this Supplementary Code. Rule 1. Goinhlnation /Sa iSales. — For the purpose of influencing a sale no member of the Industry shall sell or offer to sell commodities other than products of this Industry at a price below the invoice price plus all incidental costs of such products. If and when the products of this Industry are sold in combination with products of other industries, the invoice must clearly show the unit price for all articles listed. Rule 2. Definition of Customers. — The Supplementary Code Au- thority shall set up definitions for the various classes of customers within this Industry and after approval by the Administrator, quota- tions, prices, discounts, credit terms, allowances or other conditions of sale shall be made on the basis of such definitions and deviations therefrom shall constitute unfair methods of competition and a viola- tion of this Supplementary Code. Rule 3. Secret Rebates. — No member of the Industry shall secretly offer or make any payment or allowance of a rebate, refund, com- mission, credit, unearned discount or excess allowance, whether in the form of money or otherwise, nor shall a member 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. Rule 4, The splitting of commissions or other compensation re- ceived by an employee or agent of the seller with the buyer is deemed an unfair trade practice. Rule 5. Members of the Industry shall not contract for the sale of products for longer than calendar quarterly periods. All shipments on contracts shall be made within 15 days after the expiration date, (or as soon thei'eafter as seller can manufacture and ship the same.) No quarterly contract shall be made more than 30 days prior to the beginning of the calendar quarter, and shall be at the price effective at the time of making the contract. Rule 6. No member of the Industry shall make or give to any buyer of any product of the Industry, any guarantee or protection in anj form against decline in the invoice price of such product after shipment thereof. Rule 7. Invoices. — Stating in the invoices of any product as the date thereof a date later than the date of the shipment of such product, or including in any invoice any product shipped on a date earlier than the date of such invoice shall be an unfair trade practice. 11 RuiiE 8. Export Trade. — (a) No provision of this Code relating to prices or terms of selling, shipping or marketing, shall apply to export trade or sales or shipments for export trade. " Export Trade " shall be as defined in the Export Trade Act adopted April 10, 1918. (b) Selling for export by any member of the Industry any product of the Industry which is not actually exported, as herein above de- fined in Sub-section (a) of this Section, shall be deemed a violation of this Supplementary Code. Rule 9. C ommcrcial Bribery. — No member of the Industry shall give, permit to be given, or directly offer to give, anything or value for the purpose of influencing or rewarding the action of any em- plo3^ee, agent or representative 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 pro- libit free and general distribution of articles commonly used for advertising except so far as such articles are actually used for com- merical bribery as hereinabove defined. Aeticl£ IX — Monopolies No provision of this Supplementary Code shall be applied so 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 the provisions thereof are expressly made subject to the right of the President, in accord- ance with the provisions of subsection (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 Supplementary Code, except as to provisions re- quired by the Act, may be modified or amended on the basis of experience or changes in circumstances, such modifications or amend- ments to be based upon application by the Supplementary Code Authority or other representative group within the Industry to the Administrator and such notice and hearing as he shall specify and to become effective and be a part of this Supplementary Code on approval by the President and/or the Administrator. 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 in- creases 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. 12 Article XII — ErrEcnvE Date and Duration This Supplementary Code shall become effective at 12 : 01 o'clock A.M. Eastern Standard Time on the tenth day after it is approved by the President and shall continue in effect until June 16, 1935 or the earliest date prior thereto on which the President shall, by proc- lamation, or the Congi'ess shall, by joint resolution declare that the emergency recognized by Section 1 of Title I of the National In- dustrial Recovery Act, has ended. Approved Ck)de No. 8-4 — Supplement No. 32. Registry No. 1122-07. o UNIVERSITY OF FLORIDA llllliiillililililillilii 3 1262 08855 7631