Section 19:
Priority of claims.
The claims made under section 18 shall have priorities in accordance with
the following principles, namely:--
(a) Category I shall have precedence over all other categories and Category II shall have
precedence over Category III, and so on;
(b) the claims specified in each of the categories shall rank equally and be paid in full, but, if the
amount is insufficient to meet such claims in full, they shall abate in equal proportions and be paid
accordingly; and
(c) the question of discharging any liability with regard to a matter specified in a lower category
shall arise only if a surplus is left after meeting all the liabilities specified in the immediately higher
category.