Britian’s Conservative Party last night confirmed it had received £5 million sterling from US billionaire Mr John Paul Getty II.
He apparently made the donation - his first to the party - early last week before the Tory defeat in the general election.
In a statement issued through Conservative Central Office, he said he hoped the cash would improve their prospects next time around.
"Like many millions of people I was bitterly disappointed that the Conservative election campaign was not more successful," he said.
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"However, the Conservative Party, in my view, is the party best equipped to defend the British way of life.
"I hope that my donation will help to enable a new leader to deliver a Conservative victory at the next election."
PA