SHAW, SAVILL, ALBION & CO. v. THE FREDERICKSBURG


92 F.Supp. 865 (1950)

SHAW, SAVILL, ALBION & CO., LTD. v. THE FREDERICKSBURG. PACO TANKERS, Inc. v. THE TAMAROA.

United States District Court S. D. New York.

June 29, 1950.


Attorney(s) appearing for the Case

Burlingham, Veeder, Clark & Hupper, New York City, for libelant, Shaw, Savill, Albion & Co.

Kirlin, Campbell, Hickox & Keating, New York City, for Paco Tankers, Inc.


NOONAN, District Judge.

The principal question before the court on this motion is whether the conversion of the amounts of the damage items expressed in British Sterling should be based upon the rate of exchange of $4.025, which prevailed at the time of the collision, or whether these particular items should be converted at the present rate of exchange of $2.80 because of the devaluation of the British currency.

Libelant contends for the rate current at the...

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