In 1950, he founded the Wallace Cameron and Company, manufacturers of first aid supplies, which at it peak employed over 300 employees in its Glasgow factory.
He also served as chairperson of the Institute of Marketing, president of the Glasgow Chamber of Commerce and on the South of Scotland Electricity Board.
[1] On the 28 June 1974 he was awarded a life peerage as Baron Wallace of Campsie of Newlands in the County of the City of Glasgow, he subsequently formally entered the House on the 24 July 1974 [3][4] In 1992, his charitable work with the Salvation Army was honoured by his name adorning the Wallace of Campsie Lifehouse in Gallowgate, which provides emergency homelessness accommodation.
[5] He was married to Irene Alice Langdon Wallace, whom he predeceased at the age of 82 on the 23 December 1997.
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