Case: S. S. Pierce Co. and Romanes & Paterson v. United States
Abbreviation: S. S. Pierce Co. v. United States
Decision Date: 1948-05-06
Docket Number: No. 52315; protests 52469-K and 52466-K (Boston)
Citation: 20 Cust. Ct. 314
Volume: 20
Reporter: United States Customs Court Reports
Court: United States Customs Court
Jurisdiction: United States
Parties: S. S. Pierce Co. and Romanes & Paterson v. United States,
Judges: 
Pages: 314–314

Head Matter:
No. 52315.
protests 52469-K and 52466-K (Boston).
S. S. Pierce Co. and Romanes & Paterson v. United States,

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.) In accordance therewith it was held that the currency of the invoices 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 each of the entries involved.. The protests were sustained to this extent.