United States Statutes at Large/Volume 5/27th Congress/2nd Session/Chapter 66
Chap. LXVI.—An Act to regulate the value to be affixed to the pound sterling by the Treasury Department.[1]
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That in all payments by or to the Treasury,The pound sterling to be computed at $4.84. 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.
Acts, &c. inconsistent herewith, repealed.Sec. 2. And be it further enacted, That all acts and parts of acts inconsistent with these provisions, be and the same are hereby repealed.
Approved, July 27, 1842.