What does the cryptic crossword clue "Foundation by lake somewhere in Switzerland (5)" mean?

The definition is "in Switzerland". The wordplay uses a charade (building blocks). BASE (synonym of "Foundation") + L (synonym of "lake"); definition: "somewhere in Switzerland" The answer is BASEL.

Foundation by lake somewhere in Switzerland (5)

Guardian Cryptic #24008 | 1 Down | 2007-02-23 flower

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