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Clause 115—(Bankruptcy)

Volume 441: debated on Monday 28 July 1947

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I beg to move, in page 101, line 18, to leave out "and (2)," and insert "to (6)."

This Amendment, which really goes with the next Amendment in page 101, line 21, is designed to bring the Bankruptcy Acts into conformity with the Companies Bill in certain respects. They give employees of firms, and individuals, the same rights of priority in respect of holiday pay and remuneration as are given to employees of companies on winding up. In that respect, the Amendment assimilates the provisions of the Bankruptcy Act, 1914, to the position of the Companies Act, 1929, as amended by this Bill.

Amendment agreed to.

Further Amendments made: In page 101, line 21, at end insert:

"but with the substitution for references to the company and to the winding up order of resolution of references to the bankrupt and to the receiving order or in the case of a person dying insolvent, to the deceased and to his death, and also with the omission of so much of subsection (5) of the said section of this Act as relates to subsection (3) of section two hundred and sixty-four of the principal Act."

In page 102, line 9, at end insert:

"(7) In the application of this section to Scotland, references to the receiving order shall be construed as references to the award of sequestration,"—[The Solicitor-General.]