Legal Updates
Plaid Cymru still awaiting bequest payment
Date:
01 Aug 2008
Welsh political party Plaid Cymru is still to receive nearly half of a £600,000 bequest left to it three years ago, according to reports.
The Western Mail reports that £270,000 of the total, left by millionaire property developer Howell Vaughan Lewis in 2005, is yet to transfer from his estate.
Plaid Cymru accounts, filed this week with the Electoral Commission, state that the amount is expected to paid "in the near future".
The party won 15 seats in the Welsh Assembly elections of 2007, but entered the red in the process.
According to chief executive Gwenllian Lansdown, writing in the party accounts, electoral success came "with a price tag".
He stated: "The deficit that followed was carefully planned and monitored in order to secure that political success.
"This deficit is temporary and will be corrected upon receipt of the balance from the Howell Vaughan Lewis bequest."
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