Craig bolsters Conservative coffers

Last updated 08:06 29/01/2014
Colin Craig
COLIN CRAIG: Conservative leader.

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Wealthy Conservatives Party leader Colin Craig has dipped into his own pockets to boost his party's coffers by $135,000.

According to the Electoral Commission, Craig, a property developer, has made four donations to the party since October, ranging between $10,000 and $50,000.

In October he gave the party $50,000, in November $10,000 and in December a further $20,000.

Craig added another $45,000 to the tally in January, which was used to cover the cost of a billboard campaign.

Other donations were added to cover the cost of new staff.

It was widely reported Craig funded the party's 2011 election campaign himself.

In 2012, the Conservatives topped the donations list with $1,623, 504.06. Of that $1,618,600 came from the outspoken millionaire businessman.

He has said in the past that donations for his party were going well, and he expected to be able to pull back from the million-dollar-plus amounts he's sunk into the Conservatives.

But Craig said he would still expect to be the major financial backer.

The party has received a $100,000 donation in April last year from Hamilton pair Laurence and Katrina Day.

Donations of more than $30,000 or donations that add up to $30,000 throughout the course of a year, must be declared to the Electoral Commission within 10 days. A series of donations, or contributions of more than $1500 to donations made by one donor that adds up to more than $15,000 must also be declared.

In January the National Party received donations totalling $49,220.18 from Contue Jinwan Enterprise Group based in Auckland, commission figures show.

Last year National received two donations totalling $95,602.65, while the Labour party received a donation from the estate of of Brian James Dalley of $430,259.33.

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