The hardwood frame and old slump glass is local (c1920s) and has a backing board that has a "Gibson" girl portrait - so the frame was recycled and prepared with a paper matt and the wood cut depicting the 'old swing bridge with the Wickham Terrace windmill in the distance. Originally engraved by Frederick Grosse and published in the Illustrated Sydney News 16 April 1867. This is not a newspaper cutting but an original print from the block.
The Oxley Library has a tinted woodcut off this same block in the collection #4603.
A further link to F. Grosse is here.
The family wish to sell - make a comment and I'll put you in touch with Charles and Jessica (emails do not display in blogger, unfortunately) . . .
I'm also cleaning up an early engraved brass opium pipe with all the workings that was amongst Douglas Barry York's things, pics to come.