
    Before the Third Division,
    April 27, 1949
    No. 53082.
    American Express Co. et al. v. United States,
    protests 38993-K/ 89548, etc. (Chicago).
   Opinion by

Ekwall, J.

It was stipulated that the issue herein is the same in all material respects as that presented in Mammy Bros., Inc. v. United States (21 Cust. Ct. 135, C. D. 1142). 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. The protests were sustained to this extent.  