[1] It was created on 29 August 1892 for the businessman and former Conservative Member of Parliament for Downpatrick, John Mulholland.
The Mulholland family were involved in the cotton and linen industry in Ulster in the north of Ireland.
His grandson, the fourth Baron, was a member of the Northern Ireland Assembly for the Alliance Party.
The Mulholland Baronetcy, of Ballyscullion Park in the County of Londonderry,[2] was created in the Baronetage of the United Kingdom on 3 July 1945 for the Hon.
He was the third son of the second Baron Dunleath and notably served as Speaker of the House of Commons of Northern Ireland.