) 
A 
Bg! 
SECRETARIAL PRACTICE 
and vested in the workman, all amounts due in 
respect of any compensation or liability for com- 
pensation under the said Act, accrued before the 
relevant date. 
Unless the company is being wound up voluntarily 
merely for the purposes of reconstruction or of 
amalgamation with another company, all amounts 
due in respect of contributions payable during 
the twelve months next before the relevant date 
by the company as the employer of any persons 
under either— 
(i) the National Health Insurance Acts, 1924 to 
1928; or 
(ii) the Widows’, Orphans’ and Old Age Contri- 
butory Pensions Act, 1925; or 
(iii) the Unemployment Insurance Acts, 1920 to 
19209. 
z) Where any compensation under the Workmen’s Com- 
pensation Act, 1925, is a weekly payment, the amount 
due in respect thereof shall, for the purposes of para- 
graph (4) of sub-s. (1) of this section, be taken to be the 
amount of the lump sum for which the weekly payment 
could, if redeemable, be redeemed if the employer made 
an application for that purpose under the said Act. 
Where any payment on account of wages or salary 
has been made to any clerk, servant, workman or 
labourer in the employment of a company out of 
money advanced by some person for that purpose, 
that person shall in a winding up have a right of 
priority in respect of the money so advanced and 
paid up to the amount by which the sum in respect of 
which that clerk, servant, workman or labourer would 
have been entitled to priority in the winding up has been 
diminished by reason of the payment having been made. 
(4) The foregoing debts shall— 
(a) Rank equally among themselves and be paid in 
full, unless the assets are insufficient to meet 
them, in which case they shall abate in equal 
proportions; and 
In the case of a company registered in England 
so far as the assets of the company available for 
payment of general creditors are insufficient to 
meet them, have priority over the claims of 
holders of debentures under anv floating charge