Background
He was the son of John Wallace, of Glassingall, Dunblane, Perthshire.
He was the son of John Wallace, of Glassingall, Dunblane, Perthshire.
He served as Assistant Government Whip 1928-1929. Junior Lord of the Treasury 1929, 1931. Civil Lord of the Admiralty 1931-1934.
Under-Secretary of State for the Home Department 1935-1935.
Secretary for Overseas Trade 1935-1937. Parliamentary Secretary to the Board of Trade 1937-1938.
Financial Secretary to the Treasury 1938-1939. He was appointed as Minister of Transport in 1939.
Wallace was invested as a Privy Counsellor in 1936.
Gerard Euan Wallace (1915 – 20 August 1943) Killed in action World World War World War II He died without issue. The marriage produced three sons:
John Wallace (21 March 1922 – 15 August 1946) A Lieutenant in the Life Guards. Edward Peter Wallace Distinguished Flying Cross (15 May 1923 – 4 November 1944) Killed in action World World War World War II He was a Flight Lieutenant in the Royal Air Force Volunteer Reserve, died unmarried and without issue.
William Euan "Billy" Wallace (b 7 February 1927 - 4 February 1977), educated at Eton College, Eton, Berkshire, and at University College, University of Oxford, Oxford, Oxfordshire, a former escort of Princess Margaret, married on 22 October 1965 The Honorary
Elizabeth Anne Hoyer Millar, daughter of Frederick Robert Hoyer Millar, 1st Baron Inchyra and Anna Judith Elizabeth van Swinderen, without issue.
32nd United Kingdom Parliament. 34th United Kingdom Parliament. 35th United Kingdom Parliament.
36th United Kingdom Parliament.
37th United Kingdom Parliament]
He was first elected to the House of Commons at Member of Parliament (Member of Parliament) for Rugby 1922-1923, then represented Hornsey from 1924 until his death in 1941.