MP hits back in bank row
a record of his debt repayments to the Bank of Butterfield.
But the record failed to shed much light on the bitter battle between Mr. Hall and bank executives, which continues to rumble on.
The bank has filed a bankruptcy notice against the lawyer MP, who is in turn suing them for $510,000 -almost five times what he owes them.
On Sunday, bank legal adviser Mr. Peter Rodger said the bank has been trying to get money back on an outstanding loan "which Mr. Hall has not properly nor regularly serviced since about April, 1990''.
Mr. Hall immediately hit back by saying he made repayments every month when they were set at $2,000.
He said the bank then increased repayments to $5,000 a month, around the time his guarantor Mr. Charles Vaucrosson stood down.
After the increase, he said he missed "one or two months in early 1992''.
The record of payments, confirmed as accurate by the bank, does not seem to give much support to either side. It seems to show two main disruptions to regular repayments, both after April 1990 when it seems the $5,000 rate began.
One is during early 1991, and the other starts after November 1991. The last full repayment seems to have been made in February this year.
The bank declined to comment on the figures.
But Mr. Hall said: "All I'm saying is that the picture that's being painted, of such irregular payments since April of 1990 as to give rise to the need to take these proceedings, is not a correct picture. I stand by that.
"I know for a fact from God knows how many people and businesses I've represented that the banks have quite properly been giving substantial leeway to people who for various reasons have found themselves having to miss promised payments for even periods of six months to twelve months.'' He added he "may have overstated it'' by saying there were only two months earlier this year when he missed repayments.
"But I know in my heart of hearts that it's been a relatively regularly serviced performing loan and it remained a performing loan until they issued the proceedings in August.
"It was of particular interest to me that this writ was issued by Mr. Alan Dunch at or around precisely the same time that I was going into court on behalf of the Bermuda Industrial Union with respect to the Bermuda Forwarders dispute,'' he added.
