195 Code/5
The Secretary of State to the Danish Minister ( Wadsted )
My Dear Mr. Minister: Referring to your call upon me last week when you inquired about the effect of the new shipping code on tramp steamship lines, I am pleased to advise you that I have received some information as a result of inquiries made of the appropriate officials. I understand that the code for the shipping industry in its present form is only suggested and has not been approved. A hearing will be held on or about November 6 when interested parties will be given an opportunity to express their views regarding the code. In substance, the code in its present form provides that parties interested in foreign trade shall form a conference to determine freight rates and various other questions relating to the trade. This conference shall consist of two sections, one representing the United States steamship lines and the other representing foreign lines. These two sections are to have equal voting power, but if the two sections fail to agree, the National Relief Administration1 has a final deciding vote.
I am [etc.]
- The National Recovery Administration, established by the National Industrial Recovery Act, approved June 16, 1933 (48 Stat. 195).↩