
    Before the Third Division,
    May 8, 1951
    No. 55534.
    Inter-Maritime Forwarding Co., Inc. v. United States,
    protest 61235-K (New York).
   Opinion by

Etcwall, J.

It was stipulated that the issue herein is the same in all material respects as that presented in The Otto Gerdau Co. v. United States (21 Cust. Ct. 24, C. D. 1120) and Mamary Bros., Inc. v. United States (id. 135, C. D. 1142). 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.  