No. 287.

324 U.S. 83 (1945)


Supreme Court of United States.

Decided February 5, 1945.

Attorney(s) appearing for the Case

Mr. J. Bradley Colburn, with whom Messrs. Albert MacC. Barnes and Samuel M. Richardson were on the brief, for petitioner.

Mr. Ralph F. Fuchs, with whom Solicitor General Fahy, Assistant Attorney General Rao and Mr. John R. Benney were on the brief, for the United States.

Mr. Walter S. Logan filed a brief on behalf of the Federal Reserve Bank of New York, as amicus curiae.

MR. JUSTICE DOUGLAS delivered the opinion of the Court.

The question in this case is the proper rate at which the currency of the invoice of imported goods should be converted into United States dollars under § 522 (c) of the Tariff Act of 1930. 46 Stat. 739, 31 U.S.C. § 372 (c).

On May 13, 1940, petitioner imported into the United States at the port of New York certain woolen fabrics which had been exported from England on May 3, 1940. Payment for...

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