Section 548.3 contains a description of a number of basic rates any
one of which, when established by agreement or understanding, is
authorized for use without prior specific approval of the Administrator.
These basic rates have been found in use in industry and the
Administrator has determined that they are subtantially equivalent to
the straight-time average hourly earnings of the employee over a
representative
period of time. The authorized basic rates are described below.
[20 FR 5681, Aug. 6, 1955]
