Hi Sho, I am currently getting my book on the Belfast Riot published. Here is the main info I have on Malcolm.
Malcolm MacRae (variously spelled as M’Rae or McRae) was born in 1803 in Applecross, Scotland. He married Margaret McLennan on March 4, 1830, and they moved to PEI about 1836. They had ten children. The first four were born in Applecross, the fifth is unknown, numbers 6 and 7 were born on Wood Islands Road in Lot 62 in 1837 and 1838, while the eighth (b 1844), and likely the ninth (b 1845) were born in Melville in Lot 60 (the next community to Flat River). The last was tragically born six weeks after her father was killed, her mother having returned to Wood Islands Road.
The 1841 census situates MacRae on Lot 60, with a wife and four boys (three of the children appear to have died quite young), and 100 acres rented by verbal agreement. I note this because MacQueen gives his place of residence as Flat River, but the Islander of March 2, 1847, has him “residing at the Wood Islands back settlement.” Perhaps he rented land in both communities and this may have been why Little questioned his property qualification. If he owned no land in 1841 then it is almost certain he was still a tenant in 1847. His tombstone is in the Saint John's Presbyterian Cemetery in Belfast (plot 1788) and the inscription reads: “MALCOLM McRAE. DIED March 1, 1847. AE 44. A native of Applecross, Ross Shire, Scotland.”