Small studio portrait of H.P.W. Macnaughten, J.M. Keynes' fagmaster at Eton College.

Annotated on reverse by J.M. Keynes with a summary of Macnaughten's sporting and scholarly achievements at Eton College: 'Henry Pelham Wentworth Macnaughten. Captain of the School, Summer 1899; Left end of Summer 1899; Newcastle Medallist, Easter 1899; Scholarship at King's, Oct 1898; Reynolds Scholarship, Summer 1899; Colours: - Mixed Wall; College Wall; Keeper of 2nd Upps Summer 1899; Winnder of School mile and School half mile; My fagmaster, October 1897-Summer 1898'. (Sleeve 164)