CONCLUSION
THE HK$/US$ LINK:
HAS CONTRIBUTED
1
SUNDAY, DECEMBER 27, 1987
ENORMOUSLY TO THE BUILDING OF CONFIDENCE
IN HONG KONG
19 A VITAL FACTOR IN THE LONG-TERM MAINTENANCE OF THE VALUE OF THE HK$ AND OF HKS ASSETS AN ISSUE IN WHICH THE UNITED
STATES HAS A MAJOR ECONOMIC STAKE
—
IS THEREFORE NOT ONLY IN THE INTERESTS OF HONG KONG BUT ΤΟ ALL OF THOSE, INCLUDING THE U.S. BUSINESS COMMUNITY, WITH AN INTEREST IN ITS CONTINUING STABILITY AND PROSPERITY.
-
0
-
IMPROVEMENTS TO PA SCHEME EFFECTIVE IN NEW YEAR
A NUMBER OF IMPROVEMENTS TO THE PUBLIC ASSISTANCE SCHEME WILL COME INTO EFFECT IN THE NEW YEAR, A SPOKESMAN FOR THE SOCIAL WELFARE DEPARTMENT SAID TODAY (SUNDAY),
STARTING FROM JANUARY 1, 1988, A NEW SLIDING SCALE OF BASIC RATES WILL BE INTRODUCED WHICH WOULD BETTER REFLECT THE EXPENDITURE PATTERNS OF HOUSEHOLDS ON PUBLIC ASSISTANCE AND PROVIDE MORE HELP ΤΟ LARGE FAMILIES.
THE REVISED SCALE AS COMPARED WITH THE CURRENT ONE IS AS
FOLLOWS:
FAMILY SIZE
CURRENT SCALE ($)
NEW SCALE ($)
SINGLE PERSON
510
510
FAMILY:
1ST MEMBER
370
380 (+10)
2ND MEMBER
370
380 (+10)
3RD MEMBER
370
370
4TH MEMBER
315
370 (+55)
5TH MEMBER
315
360 (+45)
6TH MEMBER
315
360 (+45)
7TH AND EACH
ADDITIONAL MEMBER
245
360 (+115)
/SIMULTANEOUSLY, A