Bermuda Cablevision against the wishes of their beneficial owners, Cablevision president Mr. Gavin Wilson and Americans Allan and Bill McDonald.

That was one of the points alleged yesterday by the Bank's group legal counsel, Mr. Peter Rodger, who is annoyed at what he claims are erroneous allegations about the Bank's role in the company's affairs.

Rebel shareholders unhappy at the way Cablevision is being run, have often criticised the Bank for voting against the rebels on important resolutions at two meetings last year.

Some shareholders claimed the Bank has in the past ignored the wishes of Mr.

Wilson when it voted his block of shares.

But Mr. Rodger said there was no truth to this.

"Mr. Wilson has gone on public record in the past as to what he favoured and we have voted as he recommended to other shareholders,'' he said.

"We have never voted contrary to his wishes.'' Rebel shareholders have also questioned the Bank's motives in taking control of 66.7 percent of Cablevision's stock several months ago.

The Bank holds the stock as mortgagee in possession to protect substantial loans it has made to the company.

But Mr. Rodger said there was nothing improper about this and said it was "perfectly normal banking procedure which happens all the time''.

This was in direct contrast to other lawyers involved with the Cablevision controversy who have called the Bank's action "highly unusual''.

Mr. Rodger, though, questioned the relevant legal experience of anyone who doubted the correctness of the Bank's methods.

He also defended the Bank's role in the controversy surrounding the 50,000 shares that Bermuda Supreme Court ruled last week were owed by Mr. Wilson to lawyer and MP Mr. Julian Hall, as Mr. Hall had been claiming without joy for some considerable time.

The Court ordered Mr. Wilson to arrange for Mr. Hall's shares to be transferred to his care.

Mr. Rodger said the Bank agreed to hand over 50,000 shares it was holding for Mr. Wilson as soon as he acknowledged to the Bank that Mr. Hall was indeed the rightful owner.

"Gavin Wilson refused to acknowledge that Julian Hall was the owner of these shares until December, 1992,'' said Mr. Rodger.

Once Mr. Wilson did so, the Bank decided that it was prepared to release the shares to Mr. Hall.

"It was all agreed before it went to court,'' said Mr. Rodger.