OPINION
STEVENS, Judge.
The limited issue presented is the extent of the lien under A.R.S. § 23-1023(C) on an injured workman's settlement with a third party tort-feasor.
James E. Hendry, Jr., (petitioner), on 4 November 1969, sustained a compensable industrial accident while an employee of Allison Steel Manufacturing Co. (employer). The employer is a self-rater. The petitioner filed a claim for compensation which was accepted.
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