Is your first problem solved now?
Further you do not seem to give too much info away.
What is your OS?
What
type of subtitles are you talking about?
Same result if you load the subtitle using [Ctrl]+[L] keycombination?
Is "
Draw subtitles to Overlay surface" selected
under
(rightclick >) Options > Preferences > Subtitles [Subtitle properties] ?
Are you using new or 'old' subtitle-engine
"Use new subtitle parser/renderer"? (under: as above)
What "Rendering mode" are you using
under (rightclick >) Options > Preferences > Video > [Video rendering] ?