Volume 5
Public Law 27–LXVI
to regulate the value to be affixed to the pound sterling by the Treasury Department.(a)(a) Notes of the acts which have been passed relative to foreign coins, vol. 2, 374.
Approved July 27, 1842
Statutory text
An Act
to regulate the value to be affixed to the pound sterling by the Treasury Department.(a)(a) Notes of the acts which have been passed relative to foreign coins, vol. 2, 374.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That in all payments
The pound sterling to be computed at $4.84.
by or to the Treasury, whether made here or in foreign countries, where it becomes necessary to compute the value of the pound sterling, it shall be deemed equal to four dollars and eighty-four cents, and the same rule shall be applied in appraising merchandise imported where the value is by the invoice in pounds sterling.
Sec. 2.
And be it further enacted, That all acts and parts of acts in consistent with these provisions, be and the same are hereby repealed.
Approved, .