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Welfare payment arrangements for public holidays
Recipients of Comprehensive Social Security Assistance under the bank payment system may receive their payments on Friday (August 25) if their pay-days fall on the coming public holidays (August 26 to 28).
A spokesman for the Social Welfare Department said today (Wednesday) that special payment arrangements would also be made for recipients of Social Security Allowance whose pay-days fell on August 26 to 28.
Those who have bank accounts in Hong Kong Bank or Hang Seng Bank will receive their payments on Friday (August 25) whereas those with accounts in other banks will receive their payments next Tuesday (August 29).
In case of doubt, recipients are advised to contact their respective social security field units.
End/ Wednesday, August 23, 1995
Hong Kong Monetary Authority money market operations
Cumulative
Time
$ million (hours)
change ($million)
Opening balance in the account
851
0930
+355
Closing balance in the account
1197
1000
+349
Change attributable to:
1100
+349
Money market activity
+351
1200
+351
LAF today
-5
1500
+351
1600
+351
LAF rate 4.25% bid/6.25% offer TWI 122.0 *+0.1* 23.8.95