Together with the port-side view of the Victory on folio 18 (D05489; Turner Bequest LXXXIX 30), perhaps another on folio 17 (D05487; Turner Bequest LXXXIX 29) and the sky study on folio 17 verso (D05488), this is probably the origin of Turner’s picture showing Nelson’s flagship in three positions, from port, starboard and bows, usually known as The Victory Returning from Trafalgar, possibly shown in Turner’s Gallery in 1806, and bought by Walter Fawkes (Yale Center for British Art, New Haven, Connecticut).1 See Introduction to the sketchbook for discussion of the picture, its title and subject matter. Turner also made a drawing of a similar composition, probably intended for engraving in the Liber Studiorum but not used (Tate D08183; Turner Bequest CXVIII c).
Finberg states that ‘the margin’ had an instruction by John Ruskin to ‘Lay down by moistening only’. In the present arrangement of the book this appears on a stub to which folio 20 (D05448; Turner Bequest LXXXIX 3) is attached.
Martin Butlin and Evelyn Joll, The Paintings of J.M.W. Turner, revised ed., new Haven and London 1984, pp.46–7 no.59 (pl.69).