Michael McNamara (Clare, Labour) | Oireachtas source

Section 55 which deals with the prioritisation of registered mortgages states: "Where two or more mortgages are registered on the Register in respect of the same ship or share, the priority of the mortgagees between themselves shall, subject to section 56, be determined by the order in which the mortgages were registered". I have no difficulty with this provision. However, I have mentioned the issue of registering liens in respect of judgments for unpaid wages and so on. My view is that such liens should take precedence over mortgages. I am flagging the issue at this point and I am interested in hearing the Minister's views.