Personal Life
On 26 November 1913 Wallace married Lady (Myra) Idina Sackville, daughter of Gilbert George Reginald Sackville, 8th Earl De La Warr and Lady Muriel Agnes Brassey. The marriage produced two sons:
- David John Wallace MC (1914 – 17 August 1944) Killed in action World War II serving with the Special Operations Executive in Greece. He was a Major in the King's Royal Rifle Corps and married Joan Prudence Magor in 1939. They had two daughters:
- Laura Jacqueline Wallace (b. 22 May 1941), married firstly on 25 June 1963 and divorced Dominic Paul Morland, son of Sir Oscar Charles Morland, of Pickering, Yorkshire, invested as a Knight Commander of the Order of St Michael and St George (KCMG) and as a Knight Grand Cross of the Order of the British Empire (KGBE), and Alice Lindley, and had issue, married secondly in August 2003 Keith Fitchett, without issue.
- Cary Davina Wallace (b. 1942), married David Arthur Russell Howell, Baron Howell of Guildford.
- Gerard Euan Wallace (1915 – 20 August 1943) Killed in action World War II. He was a Wing Commander in the Royal Air Force Volunteer Reserve and married Elizabeth Lawson in 1940. He died without issue.
The first marriage ended in divorce in 1919 and on 10 May 1920 he married Barbara Lutyens (1898–1981), the daughter of Sir Edwin Landseer Lutyens and Lady Emily Bulwer-Lytton. The marriage produced three sons:
- John Wallace (21 March 1922 – 15 August 1946) A Lieutenant in the Life Guards. He died while on active service and was unmarried and without issue.
- Edward Peter Wallace DFC (15 May 1923 – 4 November 1944) Killed in action 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), 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 Hon. Elizabeth Anne Hoyer Millar, daughter of Frederick Robert Hoyer Millar, 1st Baron Inchyra and Anna Judith Elizabeth van Swinderen, without issue
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