A new concept is explored in the design of high field, compact aspect-ratio toroidal magnets for tokamak applications. The proposed new magnet design appears to be particularly well suited to cope with both the centripetal and vertical loads on the magnet, is compatible with the fitting of cooling ducts in the volume of the conductor, and directly provides enough of a poloidal flux swing to drive the bulk of the toroidal plasma current required by the tokamak configuration. Results of some preliminary stress and strain calculations are presented.