Conolly was the largest individual buyer, in particular buying 3,300 acres in County Meath that had been assigned to the Earl of Albemarle.
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Among his direct descendants are both wives of Prince Charles (Diana, Princess of Wales and Camilla, Duchess of Cornwall), and author Violet Trefusis, who was a daughter of Alice Keppel (Alice Frederica Keppel, née Edmonstone), royal mistress of Edward VII, and George Keppel, son of the 7th Earl of Albemarle.
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He commanded at the siege of Aire in 1710, led Marlborough's second line in 1711, and was general of the Dutch forces in 1712, being defeated at Denain after the withdrawal of Ormonde and the English forces and taken prisoner.