Balfour was descended from the branch of the family which moved from Fife to Orkney in the sixteenth century and which was subsequently recognised as the oldest branch of the family, known as Balfour of Balfour. They became the lairds of Trenaby on the island of Westray and during the course of the eighteenth century established themselves as a major force in the kelp industry and one of the leading Orkney families.
Balfour was educated by Rev. John Esbie of Everton, Liverpool and at Cambridge where he was admitted at the age of sixteen. He did not take a degree, perhaps because of head injuries sustained in a riding accident.
In February 1832 Balfour considered contesting the forthcoming election in Orkney but was discouraged by his great-uncle who supported George Traill, the sitting member.
Balfour is not known to have spoken in debate but he voted regularly in the Conservative lobbies, casting his first vote in the minority for Manners Sutton as speaker, 19 Feb. 1835. He voted for the Sunday observance bills introduced by Poulter, 25 Mar. 1835, and Agnew, 3 June 1835, 21 Apr., 18 May 1836, and for Roebuck’s motion on Mauritius, 15 Feb. 1836. He sat on the committees which examined the election petitions for Dublin City, when he was involved in controversial exchanges with Daniel O’Connell, and county Carlow.
By January 1837 Balfour had become disenchanted with parliamentary life, partly because of concerns about money and his marriage prospects, and was contemplating retirement. The financial support he received from John Balfour, never an enthusiastic advocate of his great-nephew, seems to have been unreliable. His great-uncle rejected Balfour’s father’s suggestion that Balfour should become a part-time assistant factor on the estate, while also practising as an advocate in Edinburgh, and considered that he possessed ‘neither the experience nor the habits of mind suited to the management’ of the tenants and the estate. It was widely believed that ‘he was not suited to a job of responsibility and stress’. Balfour discussed his plans with Peel on 20 March 1837 and was advised by Lord Granville Somerset, as well as by John Balfour, not to announce his retirement and so give an advantage to the Whigs.
Balfour was disturbed by the criticism of his retirement, especially when it came from ‘soi-disant friends – political ones’.
