"Mr Mulready at one of the / Meetings on the increase of the Annuity / for superannuated Members of the Fund / at Mr Muss's Warren St. June 10. 1823" and below "20 by 24 inches / W. Mulready"
Study for Mulready's painting "The Wolf and the Lamb" of ca. 1820, now in the Royal Collection.
The fund in question was the Artist's Joint Stock Fund, and the Mr. Muss mentioned in the inscription is Charles Muss (1779-1824), enamel painter, etcher, and stained glass artist, who lived at 53 Warren Street, London.
Lohf, Kenneth A., former owner.