Royal Scots Fusiliers - Embroidered picture

[Faugh-A-Ballagh]

Here's an interesting item which a friend of mine showed me last week, and I thought it was worth showing on the forum.
It was found in the roofspace of a derelict house that his brother was renovating in Holywood County Down. Not far from Palace Barracks. I would say it was pre WW1 as the last battle honour on it is for South Africa, or maybe during WW1 as the battle honours would have been added on later?
It is in superb condition, if a little dusty. The frame is plaster with remarkably little damage. Would anyone even be prepared to hazard a guess at it's value?

John