Ink signature, "Winston S. Churchill,” on an off-white 4.5 x 3 sheet of embossed Chancellor of the Exchequer letterhead. Matted with an image of the famous Karsh portrait to an overall size of 13.5 x 19.5. In fine condition, with a horizontal fold beneath the signature, and two light paperclip impressions to the top edge. Accompanied by a trimmed compliment sheet from Churchill's secretary, dated January 2, 1927.
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