...the same rights against the company as the employer had. The precise phraseology of the Act is that where any employer has entered into a contract with any insurers in respect of any liability under the Act to any workman, then in the event of the employer becoming bankrupt or making a composition...

...entitle 1 to any sum from insurers in respect of the amount due to a workman under such liability, then in the event of the employer becoming bankrupt,...with his creditors, or if the employer is a company of the company having commenced to be wound up, such workman shall have a fret charge upon the sum...

...Subsection 1, which creates a right of subrogation in the workman which would not otherwise exist, so that in the event of the employer becoming bankrupt or...making a composition or arrangement with his creditors, the rights of the employer against the Insurers of any liability of his under the Workmen's Compensation...

...case separately. I.— WHEN THE BANKRUPT EMPLOYERS ARE INSURED. Sec. 7 (1) provides that, where an employer has entered into a contract with any insurers in respect of any liability under the Act, in the event of the employer becoming bankrupt, or, being a company, having commenced to be...

...liability under this Proclamation to any workman, then, in the event of the employer becoming insolvent or making a composition or arrangement with his creditors, or if the employer be a company, in the event of the winding up thereof having been commenced, the rights of the employer...

...which are otherwise under his control or management.1 Provision as to Cases of Bankruptcy of Employer Where any employer has entered into a contract with any insurers in respect of any liability under the Act to any workman, then, in the event of the employer becoming bankrupt, or making a composition...

...control or management. S^y°oi em 12. (1.) Where any employer has entered into a contract NO? w of mis, with any insurers in respect of any liability under this Act to any worker, then, in the event of the employer becoming bankrupt, or making a composition or arrangement...

...— Proof of Claim: The effect of Sec. 5 of the Workmen's Compensation Act, 1906, is that, where an employer has entered into a contract with any insurers in respect of any liability under the act, in the event of the employer becoming bankrupt, or, being a company, having commenced to be...

...[or their] liability to pay such compensation. 3. The said (employer) has become a bankrupt [or made a composition or arrangement with his creditors [or, if the employer is a company, The said has commenced to be wound up] ; and the rights of the said (employer) against the respondents...

...entered this appeal. The portions of Sect. 5 of the Act of 1906 relevant to this case are as follows. " Where any employer has entered into a contract with...any liability under this Act to any workman, then, ... if the employer is a company, in the event of the company having commenced to be wound, up, the...