WW1 Princess Mary Christmas 1914 Gift Fund silver top bullet pencil by Asprey London

A very scarce ORIGINAL First World War period '1914 Princess Mary Gift Fund bullet pencil'; the brass case engraved with Princess Mary's Cypher and stamped to the base 'R ARROW 11 VII', complete with 'Sterling Silver' bullet head and original lead pencil. Very good condition, no dents, splits or cracks. Length approx 81mm. These fine quality silver pencils were made by 'Asprey London' and given by Princess Mary as a gift to the Soldiers and Sailors fighting for King and Country, Christmas 1914.