Cryptic crossword clue
One has town on the Wye returned to lawful body 9

The most common and most likely answer to this crossword clue is the 9 letter word POSSESSOR

I've seen this crossword clue in Financial Times
P
O
S
S
E
S
S
O
R

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The straight part
We know that "One has" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case one has = possessor.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does POSSESSOR mean?

POSSESSOR noun
  1. Agent noun of possess; one who possesses

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