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rate of forty-five (45) cents per hour in the North and thirty-five (35) cents per hour in the South. 1. Apprentices and_ learners shall not be paid less than the minimum wage after two (2) years of employment. 2. Casual and incidental labor to be paid not less than eighty (80) per cent of the minimum wage, the total number of such casual and incidental employees in any calendar month not to exceed eight (8) per cent of the total number of skilled and semi-skilled employees during the same period. (b) The amount of difference ex- isting prior to July 1, 1933 between the wage rates paid various classes of employees receiving more than the established minimum wage shall not be decreased. In no event shall any employer pay an employee a wage rate which will yield a less wage for a work week of thirty- six (36) hours than such employee was receiving for the same class of work for a forty (40) hour week prior to July 1, 19338. It ig under- stood that there shall be no differ- ence between hourly wage rates on commercial work and on naval work, for the same class of labor, in the same establishment. 5. Prohibition of Child Labor On and after the effective date of this code, employers shall not em- ploy any minor under the age of sixteen (16) years. : 6. Arbitration of Existing Contracts Where the costs to the contractor of executing contracts entered into in the shipbuilding and shiprepair- ing industry prior to the presenta- tion to congress of the national in- dustrial recovery act or the adoption of this code are increased by the application of the provisions of that act or this code, it is equitable and promotive of the purposes of the act that appropriate adjustments of such contracts to reflect such increased costs be arrived at by arbitral pro- ceedings or otherwise and the ap- plicants for this code constitute themselves a committee to assist in effecting such adjustments. 7. Unfair Methods of Competition To accomplish the purpose con- templated by this act, the members signatory to this code agree that the following practices are hereby declared to be unfair methods of competition. (a) To sell any product(s) or service(s) below the reasonable cost of such product(s) or service(s). 1. For this purpose, cost is defined as the cost of direct labor plus the cost. of materials plus an adequate amount of overhead in- cluding an amount for the use of any plant facilities employed as determined by cost accounting methods recognized in the indus- 14 try (and approved by the commit- tee constituted for the enforce- ment of this code as provided 1n section 8 (a). (b) To give or accept rebates, re- funds, allowances, unearned dis- counts or special services directly or indirectly in connection with any work performed or to receipt bills for insurance work until payment is made. 8. Administration (a) To effectuate further the policies of the act, a shipbuilding and shiprepairing industry commit- tee is hereby designated to cooperate with the administrator as a planning and fair practice agency for the ship- building and shiprepairing industry. This committee shall consist of five; representatives of the shipbuilders and shiprepairers elected by a fair method of selection, to be approved by the administrator and three mem- bers without vote appointed by the President of the United States. Such agency may from time to time present to the administrator recom- mendations based on conditions in their industry as they may develop from time to time which will tend to effectuate the operation of the provisions of this code and the policy of the national industrial recovery act. (b) Such agency is also set up to cooperate with the administrator in making investigations as to the func- tioning and observance of any pro- visions of this code, at its own in- stance or on complaint by any per- son affected, and to report the sam® to the administrator. (c) This code and all the provi- sions are expressly made subject to the right of the President, in ac- cordance with the provision of clause 10 (b) of the national industrial re- covery act, from time to time to can- cel or modify any order, approval, license, rule or regulation, issued un- der title I of said act, and specifical- ly to the right of the President to cancel or modify his approval of this code or any conditions imposed by him upon his approval thereof. (d) Such of the provisions of this code as are not required to be in- cluded therein by the national in- dustrial recovery act may, with the approval of the President, be modi- fied or eliminated as changes in the circumstances or experience may in- dicate. It is contemplated that from time to time supplementary provi- sions to this code or additional codes will be submitted for the approval of the President to prevent unfair competition in price and other unfair and destructive competitive practices and to effectuate the other purposes and policies of title I of the national industrial recovery act consistent with the provisions thereof. (e) This code shall become effec- tive not later than ten (10) days MARINE REviEw—September, 19338 after its approval by the President. The code as given above was signed by the following, representing the shipbuilding and shiprepairing industry: H. Gerrish Smith, presi- dent, National Council of American Shipbuilding; Joseph Haag, Jr., New York & New Jersey Dry Dock Asso- ciation; and James H. Barnes, Wash- ington, D. C. Shipping Is Encouraged By Greater Activity The following items selected from here and there indicate a decided im- provement in shipping: The chartering department of the General Steamship Corp. Ltd., San Francisco, records a materially in- creased list of charters for the month of July. The greatest activity was experienced in the intercoastal trade with the transpacific lumber market to Japan a close second. Because of heavy demands for space the liner CaLAMARAS of the United Fruit Co. has been entered in the com- pany’s Colombian cruise service for three special sailings from New York, the last on Sept. 16, according to W. M. Penick, passenger manager. The Ward iine’s cruise liner Morro Castte sailed from New York for Havana, Aug. 12, with 220 pasengers. Heavy bookings and inquiries guar- anteed subsequent sailings with large passenger lists. Tourist Passenger Record Since May 6 a record number of 4138 tourist passengers have been car- ried or booked on Italian line vessels from New York and Boston. This number includes only passengers car- ried on special tourist sailings to- gether with those booked for the Aug. 29 sailing of the Roma. It does not include tourist passengers carried on other sailings. New records in the volume of trans- atlantic passenger travel, both east and westbound, have been established during the first six months of this year by the Italian line operating be- tween New York and Mediterranean ports. In this period a total of 22,545 eastbound transatlantic passengers have been carried, an average of 727 passengers per sailing to Europe. Records for westbound sailings on the Italian line show that during the same period of six months, 4150 trans- atlantic passengers were carried. This is also said to be a record for the first six months of 1933. The Italian line also claims a record number of pas- sengers on two _ individual sailings from New York during the year up to Aug. 11. Sailing from New York, June 24, the Rex carried 1599 passen- gers for transatlantic ports and the Contre Dr Savor, sailing on July 8, had an even greater number, carry-