Courtenay Morgan was born in 1867. He inherited the estates and title of Baron Tredegar from his uncle Godfrey in 1913. Although Godfrey was a viscount, a viscountcy can only pass from father to son. Courtenay enjoyed the country pursuits of hunting, shooting and fishing - and excelled at all three. He was owner and Master of the Tredegar Foxhounds (until fading sight and taxation forced him to pass them on to new ownership in 1933), a crack shot (it was claimed that he could have three birds dead in the air at the same time!) and could often be spotted fishing for salmon in a river close to Tredegar House. Courtenay enjoyed a rather extravagant lifestyle; he was a member of the Royal Yacht Squadron and made great use of his luxury steam yacht 'Liberty'. He had travelled twice around the world and had visited every colony in the British Empire and every state in the Commonwealth. During the First World War, he became one of the first of the yacht owners to offer his vessel for the war effort. 'Liberty' was converted into a hospital ship and, for a time, Courtenay commanded her himself in the North Sea. Courtenay was an Hon. Colonel in the Royal Monmouth Engineers (he had served in the Royal Engineers during the Boer War) and a Captain in the Royal Naval Volunteer Reserve. In 1926 he was created 1st Viscount Tredegar (2nd creation) and in 1933 was appointed Lord-Lieutenant of Monmouthshire. Courtenay Morgan died at the Ritz in May, 1934. The estate and titles were passed on to his only son, Evan Morgan.