beneficial owner of 50,000 shares in Bermuda Cablevision.

Supreme Court yesterday ordered Cablevision president Mr. Gavin Wilson to instruct the Bank of Butterfield to hand over the shares "forthwith''.

Mr. Hall welcomed the court's decision and vowed to proceed with further court action against both parties.

He is seeking damages against Mr. Wilson and the Bank for alleged "breach of trust, breach of contract, conversion and conspiracy to injure''.

Chief Justice Sir James Astwood said these matters shall be decided at a future trial.

But he said Mr. Hall could, before then, renew his application for summary judgment against Mr. Wilson, with any damages to be assessed by the court.

Mr. Hall said yesterday: "I intend to pursue at the ultimate trial my claim against Mr. Wilson, Bermuda Cablevision and the Bank of Butterfield for damages following my having to sell my interest in the shares quickly, and at substantially less than actual market value.

"I shall also at the trial pursue my claim for damages for conspiracy to injure my business and professional reputation.'' Mr. Hall sold his interest in the 50,000 Cablevision shares last month for a price thought to be in the region of $112,500 ($2.25 per share) to an unnamed client of investment firm First Bermuda Securities.

He did so in order to be able to pay off a $110,000 loan to the Bank of Butterfield, which was called in last year and which led to a Bankruptcy Notice being issued against him.

Most investment analysts believe Cablevision's shares are worth much more than the price at which Mr. Hall sold his stockholding, particularly if pending court action leads to the nullification of an agreement that sends 60 percent of Cablevision's profits abroad.

Mr. Hall claims the Bank has treated him more harshly than other borrowers in calling in his loan and, as a result, he was forced to sell his Cablevision shares in a hurry and at a low price to meet his debt.

He alleges the Bank has operated a conspiracy to destroy him professionally and politically.

Mr. Hall's application to have the Bankruptcy Notice issued against him set aside is currently in a state of adjournment.

The Bank's role in Cablevision has been criticised by several of the company's shareholders.

Several months ago, the Bank seized a controlling block of 726,000 Cablevision shares to protect loans it had made to the company, even though the loans were being serviced properly.

This block of shares included the 50,000 shares which it has now been proved belong to Mr. Hall.

In the past, the Bank has failed to hand over these shares voluntarily, despite requests from Mr. Hall to do so and an admission by Mr. Wilson that Mr. Hall was indeed the beneficial owner of the stock.

Over the last few months, the Bank has even used Mr. Hall's shares to vote against resolutions he has supported at recent meetings of Cablevision shareholders.

An action brought by rebel shareholder Mr. Jeff Conyers against Cablevision and its directors to determine the legality of its ownership structure and a controversial agreement sending most of the profits overseas could go to trial this year.

Mr. Julian Hall.