WLR 866 (at 874) that a controlling shareholder should insist upon being represented on the board, although he agreed that this would be one way in which the trustee could ensure that all of the necessary information was available to him. {{Cquote|The situation may be summed up as follows. Bartlett Trust (Holdings) Ltd. (BTH) made a large loss as a result of the involvement of itself and BTL in the Old Bailey project. This loss reduced the value of the BTH shares and thereby caused a loss to the trust fund of the 1920 settlement. The bank, had it acted in time, could by reason of its shareholding have stopped the board of BTL embarking upon the Old Bailey project; and, had it acted in time, could have stopped the board of BTL and later the board of BTH (it is unnecessary to differentiate) from continuing with the project; and could, had it acted in time, have required BTH to sell its interest in Far Investments Ltd. (Far) to Stock Conversion on the no-loss or small-loss terms which (as I find) were available for the asking. This would not have necessitated the draconian course of threatening to remove, or actually removing, the board in favour of compliant directors. The members of the board were reasonable persons, and would (as I find) have followed any reasonable policy desired by the bank had the bank's wishes been indicated to the board. The loss to the trust fund could have been avoided (as I find) without difficulty or disruption had the bank been prepared to lead, in a broad sense, rather than to follow. What, then, was the duty of the bank and did the bank fail in its duty? It does not follow that because a trustee could have prevented a loss it is therefore liable for the loss. The questions which I must ask myself are (1) What was the duty of the bank as the holder of 99.8 per cent. of the shares in BTL and BTH? (2) Was the bank in breach of duty in any and if so what respect? (3) If so, did that breach of duty cause the loss which was suffered by the trust estate? (4) If so, to what extent is the bank liable to make good that loss? In approaching these questions, I bear in mind that the attack on the bank is