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Welfare payment arrangements for New Year holiday
Recipients of Comprehensive Social Security Assistance under the bank payment system may receive their payments on Saturday (December 30) if their pay- day falls on the coming New Year's Day (January 1).
A spokesman for the Social Welfare Department said today (Thursday) that special payment arrangements would also be made for recipients of Social Security Allowance whose pay-day fell on January 1.
Those who have bank accounts in Hong Kong Bank or Hang Seng Bank will receive their payments on Saturday whereas those with accounts in other banks will receive their payments next Tuesday (January 2).
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In case of doubt, recipients are advised to contact their respective social security field units.
End
Hong Kong Monetary Authority money market operations
Cumulative
Time
$ million
(hours)
change ($million)
Opening balance in the account
2,260
0930
+42
Closing balance in the account
2,202
1000
+42
Change attributable to :
1100
+42
Money market activity
+42
1200
+42
LAF today
-100
1500
+42
1600
+42
LAF rate 4.25% bid/6.25% offer TWI 122.5 *-0.1* 28.12.95