 The ownership arrangement was that Walls was named as the official owner in return for meeting all the training expenses, with any prize money being equally divided between Walls and McGregor.April the Fifth raced three times in 1931 without success and failing to show any worthwhile form.On his racecourse debut he finished sixth in a minor race at Gatwick and then failed to reach the first ten in similarly unimportant events at Wolverhampton and Derby.