Fountain pen signature, “Winston Churchill,” on an off-white 4.75 x 2.5 portion of a sheet of embossed Colonial Office letterhead. Double matted and framed with a photo of Churchill taken during the Munich Crisis, to an overall size of 10.5 x 18.5. In fine condition, with a light horizontal fold affecting the tops of a few letters. COA John Reznikoff/PSA/DNA and R&R COA.