“ There is hereby established a Special Emergency Board of three members to be selected by me from the National Railway Labor Panel to consider the unsettled claims for wage adjustments of the non-operating railway employees, and to recommend to me such wage adjustments, if any, as should be made within the limitations of the Act of October 2, 1942, and the Executive Orders thereunder. ”

“ The recommendations of the Special Emergency Board in regard to proposed changes affecting wage and salary payments shall become effective fifteen days after the date of the filing of its report with me, unless and except to the extent the Economic Stabilization Director otherwise directs. ”