The Marquis of Salisbury possesses, at Hatfield, a very remarkable picture, which has been supposed to have been painted by the celebrated Holbein, but is really the work of George Hofnagle, a Flemish artist in Queen Elizabeth's time, as is shown by the costume of the figures: it bears the date of 1590, whereas Holbein died in 1554. The picture represents a Fair or Festival, which, from the position of the Tower of London in the background, appears to have been held at Horselydown. In the catalogue of the pictures at Hatfield, in the _Beauties of England and Wales_, the painting is said to represent King Henry VIII. and his Queen, Anne Boleyn, at a country wake or fair, at some place in Surrey, within sight of the Tower of London; but several circumstances, in addition to its situation with respect to the river Thames and the Tower of London, concur to show that the locality is Horselydown, or, as it was then called, Horseydown or Horsedown. This is proved by a curious picture-map, dated 1544. Its centre shows a large open space, now occupied by the diverging Queen Elizabeth Free School, and _Fair_ Street. It is not known whether Southwark Fair was ever held on Horselydown; but it is worthy of observation, that when the down came to be built on, about the middle of the seventeenth century, the principal street across it from east to west, and in the line of foreground represented in the picture, was, and is to the present day, called _Fair_ Street; and a street or lane of houses running from north to south is called Three Oak Lane, traditionally from three oaks formerly standing there. The tree-o'ershadowed hostelry, where the feast is being prepared, may indicate the spot. In Evelyn's time, however (_Diary_, 13th Sept. 1666), the fair appears to have been held at St. Margaret's Hill, in the Borough, for he calls it St. Margaret's Fair; and it continued to be held between St. Margaret's Hill and St. George's Church, until the fair was suppressed in 1762. The portly figure in the centre foreground, with a red beard and a Spanish hat, must have occasioned the idea of its being a representation of King Henry VIII.; but the general costume of the figure is later than his reign, and the date on the picture shows the period of the scene to have been towards the end of Queen Elizabeth's reign.