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MODIFICATION TO CODE OF FAIR COMPETITION FOR
 THE GEAR MANUFACTURING INDUSTRY

 PURPOSE

 Pursuant to Article VII of the Code of Fair Competition for the
Gear Manufacturing Industry, duly approved by the President on
November 14, 1933, and further to effectuate the policies of Title I
of the National Industrial Recovery Act, the following modification
is established as a part of said Code of Fair Competition and shall
be binding upon every member of the Gear Manufacturing Industry.

 MODIFICATION

 Modify Article VII by deleting Section I (b) and substituting in
lieu thereof the following:
 b. It being found necessary in order to support the administration
of this Code and to maintain the standards of fair competition estab-
lished hereunder and to effectuate the policy of the Act, the Code
Authority is authorized, subject to the approval of the Adminis-
trator:
 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.
 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 necessary to support
such budget shall be contributed by all members of the Industry.
 After such budget and basis of contribution have been approved
by the Administrator, to determine and obtain equitable contribution
as above set forth by all such members of the Industry, and to that
end, if necessary, to institute legal proceedings therefore in its own
name.
 c. Each member of the Industry shall pay his or its equitable con-
tribution to the expenses of the maintenance of the Code Authority
as hereinabove provided, and subject to rules and regulations per-
taining 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 shall be entitled to
participate in the selection of the qiembers of the 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.
 d. 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; and no subsequent