Swallow Falls (Rhaeadr Ewynnol) is the highest continuous waterfall in Wales. They can be seen on the River (Afon) Llugwy two miles west of Betws-y-Coed in the beautiful Gwydir Forest.
Swallow Fallls was given to the Betws-y-Coed council by the second Lord Ancaster. The council were more than pleased to accept it for they had incurred a debt of £15,000 through the installation of water and electricity supplies to the village, and it was anticipated that by charging to view the waterfall at close hand, it would provide a source of income to help pay off the debt. Over the years it certainly did. Once the debt was cleared the parish retained the waterfall as a source of income until 1974 when Local Government Reorganisation reduced the status of the parish council. But what an interlude that proved to be! An interlude when Betws-y-Coed was in the enviable position where its residents paid the lowest rates in the country!