The election was surprisingly won by John Charles Wilmot of Labour.
However, it was marginal in most of those occasions except the remarkable circumstances of 1931 and Labour's electoral destruction.
The election was seen as a test of the developing mood of pacifism in the country at the time, so much so that it became known as the 'Peace by-election'.
A correspondent in The Glasgow Herald described the result as "an unpleasant surprise", noting that while it was not expected that Waldron would obtain "a large majority, there was a confident hope that he at least would win through.
The same author considered various factors as lying behind the result including apathy of Conservative and Liberal voters, and Germany's withdrawal from the League of Nations and the World Disarmament Conference causing a "War scare" which Wilmot's supporters exploited to win votes, particularly from female voters.