Background Mask ?
Properties Palette > Background Mask
or
Double Click and choose Background Mask from the Contextual Ribbon tab
Are you using a 3D Visual style, or 2D wireframe? Does the Hatch have an elevation (Z value) greater than the text.
Also... DRAWORDER and/or TEXTTOFRONT
too late now - but seeing as I googled this, I thought I'd tell my experience
if you place text first (or delete hatch and rehatch) hatch with mask a small area around the text
good luck to anyone doing City and Guilds exams
RoZZaH