I know I sometimes see things which aren't there

but I simply can't see Wm Connelly here...
OK, so clerks were not always consistent in their handwriting, but the "W" is nothing like the one at the beginning of "Waterford" in the next entry below.
Also...and I could be wrong!...to me it looks more like "formally" than "Connelly" (...formally of Dub...).
Just my two penn'th...

Karen