Late Victorian wool felt cutwork purse, with beaded decoration and cerise pink cotton/silk backing to the cut work. I love the scrolling design. 

Its quite large, more of a bag than a small pouch.

Measures:

Top width when open 12"

Depth including decorative 'fringe' 11"

Condition:

Damage to cerise pink silk backing, where it has frayed substantially but is still in place. Cerise is faded in parts. 

The drawstring channel section around the top edge appears to be a later (yet still rather elderly) addition. I think the original was internally strung, possibly through metal rings? The drawstring is a little stiff as casing quite tight, but can be drawn up with care. 

Lining is good.