[1][3][4] He was the grandson of Joseph Paice (c.1658-1735), Member of Parliament for Lyme Regis, and on good terms with Sir Francis Baring, 1st Baronet.

[8] Paice introduced Lamb to Francis Baring, who in 1798 found him a place at East India House.

[10] In later life he lived with Frederick Gibson and his family in Bread Street Hill; then moved out to St Mary Newington.

[11] Paice was unmarried;[1] Lamb in his essay "Modern Gallantry" states that he had courted Susan Winstanley of Clapton, who died young.

[15] A sermon for his death in 1810 was preached by Thomas Tayler of the Carter Lane chapel, where Paice had been one of the congregation.

Lucas was a sugar factor in London, owning English property and a slave-run plantation in St Kitts.

[22][23][24] Thomas Lucas Wheeler and Paice's heir Frederick Gibson married sisters, daughters of Edward Whatmore of Marshwood House, Wiltshire.

He sold some of the enslaved people from his plantations, through Nathaniel Stewart of Tobago, asking that lower prices be accepted so that they might go to more humane owners.

Christie's sold in 1933 a portrait Mrs. Nathaniel Mason (née Annie Hunt), attributed to Thomas Gainsborough.