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4
$63 million Lotteries Fund approved
A total of $63,049,400 has been approved from the Lotteries Fund to finance various social welfare service programmes during the second quarter of 1996, a spokesman for the Social Welfare Department said today (Saturday).
"Of the amount, $9,223,700 are earmarked to family and child welfare services, $25,585,100 to elderly and medical social services, $24,434,000 to rehabilitation services, $2,913,100 to youth services, $287,000 to services for offenders, $21,000 to community development services and $585,500 to social welfare support programmes," the spokesman said.
The Lotteries Fund was established for the purpose of financing, by way of a grant, loan or an advance, the operation or development of social welfare services and medical or educational projects with a welfare content.
End
Hong Kong Monetary Authority money market operations
Time
Cumulative change
$ million
(hours)
($ million)
Opening balance in the account
1.828
09:30
+130
Closing balance in the account
1.868
10:00
+130
Change attributable to:
11:00
+130
Money market activity
+130
11:30
+130
LAF today
-90
LAF rate 4.00% bid/6.00% offer TWI 124.0 *-0.1* 20.7.96
End