Case Name: Protest 59692-K of Lloyd's Register of Shipping (New York)
Court: United States Customs Court
Jurisdiction: United States
Decision Date: 1945-10-26
Citations: 15 Cust. Ct. 308
Docket Number: No. 50627
Parties: Protest 59692-K of Lloyd’s Register of Shipping (New York).
Judges: 
Reporter: United States Customs Court Reports
Volume: 15
Pages: 308–308

Head Matter:
No. 50627.
Protest 59692-K of Lloyd’s Register of Shipping (New York).

Opinion:
Opinion by
Ekwall, J.
In accordance with stipulation of counsel the court found that the facts herein agreed upon were such as to bring .the case within the holding in John Barr v. United States (11 Cust. Ct. 88, C. D. 801), which record was incorporated herein. (See John Barr v. United States, 324 U. S. 83, decided February 5, 1945.) In accordance therewith it was held that the currency of the invoice should be converted at the buying rate in the New York market at noon on the day of exportation (the "free" rate of exchange for pounds sterling), as certified by the Federal Reserve bank and set forth by the collector on the entry. The protest was sustained to this extent.