The Republican journal., 1921-01-13
The City National Bank of Belfast.
The tooTng from the January 1921 Report of the City
TO THE STOCKHOLDERS AND Ph.
TRONS OF THE CITY NATIONAL
BANK OF BELFAST:

TO THE STOCKHOLDERS AND Pc
TRONS OF THE CITY NATIONAL
BANK OF BELFAST:
In January, 1916, our Deposits totaled
S2.Ol4, ,292 Al. In January, 1917, we said,
''Three Millions of Deposits are as sure in
the near future as tomorrow is to follow
today" They now total over So, 900, 600,
fulfilling our forecast and completing a
growth of over 81, 900, 900 in five years.
Again we 60 on record as forecasting a
further growth of another million in the
next five years, and we believe within a
much shorter time; for the territory t hru
which this Bank operates is being con-
stantly enlarged The knowledge of its
Strength, Efficiency and Service is daily
heralded over constan ly expanding
area by its Appreciative Customers, the
most telling advertisers any Institution
can have. We are sending out approxi-
mately 20, 600 of these Annual Reports.
The ever increasing rapldlty with which
each new year presents itself reminds us
of the time worn saying, Time and tide
wait for no man," and the more fully
time is occupied with each moments
pressing demand, the more quickly it
glides by. January 1, 1920, to US seems
but yesterday, so completely has each
minute of the past year been crowded
with the Business growing require
ments. However, January of the new
year is here, and according to custom we
again take pleasure in accounting to our
Stockholders and Patrons with a State
ment of Condition, List of Investments,
their Book Values. and full Review of
the Results of the year. Each year finds
us ready with new plans and aspirations
founded on the observations and expert
ences of the past and taking into consid-
erati on the new problems and opportuni-
ties before us.
We are living in a period of continual
eyolutio Plans practical yesterday are
obsolete today. The danger to the growth
of every Business Enterprise is the ''rut. "
The ''rut" is what we avoid, but there are
two standardized features necessary to
success, as immutable as the Law of Sup
ply and Demand, on which this lnstitu-
ton brides itself, and those-Safety an
Service.
Safety in any commercial undertaking
is to degree proportlonate to is earning
capacity, and whether that earning Ca
pacity is based on a small percentage on
a large turn over or large percentage
on small turnover. The small percent
age on the large turnover is the safer
course, and the one followed by this In
stitution
Tho high Rates have existed the past
year, OUR Depositors have not been ask
ed to pay more than the regular per cent
on money for necessary Business Loans
Our earning capacity is, therefore, estab-
lished on a permanent basis, not on the
inflated basis applicable to obtaining con-
ditions, but one both profitable to the
Bank and bearable for our Customers.
Our First consideration, beyond our own
Safety and Success, is the Success of our
Patrons and the Growth of the Commu-
nifty which we serve.
The Earnings of this Institution the
past year, the largest yet, were $54 ,597 08,
applied as follows: Reductions of Book
Values of Investments, $14, 8l5. 20; Losses
m arked off on account of Securities sold,
$22, 339. .O2; Contribution to Belfast High