I don't think it matters (today) whether an old code permitted the 1/3 stress increase. All designs, design checks, and load capacity determinations should be based upon the current applicable code.
That said, this doesn't mean that an old structure designed under an old code must, in all circumstances, be brought up to the current code. Most jurisdictions I've worked with (in the US) allow for a grandfather provision where you don't have to upgrade anything unless you perform 20% or more renovation work on the building (cost of renovation = 20% or more of the value of the building).
I think the concept of the 1/3 stress increase is quite old though, to answer your question. 1930 wouldn't surprise me if it used it.