for November 12.

Shareholders will be asked to vote on whether to take the company's ownership row to Supreme Court, with Cablevision picking up the cost.

The meeting was called after more than 10 percent of Cablevision's stockholders supported the move.

Many local shareholders claim the company's ownership is illegal in that it is controlled and owned by American brothers Messrs. Allan and Bill McDonald.

It is illegal for a local company to be more than 40 percent owned outside Bermuda unless a special exemption has been granted.

The success of a motion calling for the matter to be decided by Supreme Court hinges on the Bank of Butterfield, which has the voting rights on 67 percent of the company's total shares.

In the past, the Bank, which holds the voting rights as security for loans to Cablevision, has incurred the fury of some shareholders by always voting with the McDonalds.

Local shareholder Mr. Jeff Conyers has written to all stockholders asking them to support the motion.

In his letter he states: "The shareholders have exhausted every other possible option to have these issues resolved, including attempts at negotiation and discussion, legal representation, requesting Government to clarify the matter on the shareholders' behalf, and attempting to discuss these matters at the recent Annual General Meeting.

"To date, these attempts have not resolved the issue. The questioning shareholders have been bulldozed in all their attempts at clarification and find their hands tied by the very structures they are questioning when trying to openly discuss these matters.

"The one chance shareholders have is to vote in favour of the company supporting an application to the Supreme Court of Bermuda to ask for its declaration on these issues.

"We believe the Supreme Court is the only body in Bermuda which will give us a fair hearing.'' He tells shareholders: "To successfully pass the resolution to have the Supreme Court decide the issue, all we need is a simple majority to vote in favour of it. Your vote counts!'' Although Mr. Conyers holds only 100 shares, his company First Bermuda Securities, through its wholly-owned subsidiary FBS Nominees, has an option to buy a 42 percent stake in Cablevision from its president Mr. Gavin Wilson.

FBS Nominees has until the end of 1993 to exercise its option.

It is believed the Alabama-based McDonald brothers, who were roasted at Cablevision's AGM four weeks ago, will return to Bermuda to attend the special general meeting.