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TLTB collects rent

Luke Rawalai
Thursday, April 03, 2014

THE iTaukei Land Trust Board has collected $3.4million in rent subsidy for the first half of 2014, out of which $200,000 was from the second half of last year.

Presenting to the Committee for Better Utilisation of Land (CBUL) meeting in Labasa on Tuesday, TLTB deputy general manager Solo Nata said they were aiming to renew and issue a total of 20,278 leases by 2016.

Mr Nata said 22 sitting cane leases and seven new leases were approved last month alone.

He said another 11 leases for incoming tenants were renewed between January and February this year.

"There has been an increase in renewal because we have been renewing leases right up to 2015 and 2017 and on," he said.

"This kind of rate is a much improved rate compared to when we first began the renewal and it is ongoing on a monthly basis."

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