XN000022-1995-08-23 — Page 13

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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