Patricia was portrayed by Shannon in 1905 striking an almost identical pose and this looks like other Shannon work.
My thanks to Catherine Farnon for identifying the correct artist.
The right side of the upper edge was fixed with Photoshop.
Margaret looks at us wearing a dress with a scoop neckline and lace bertha and what appears to be a blouson bodice and shallow vee or basque waist.
Keywords: Shannon, Margaret of Connaught, Princess, Crown Princess, Welf family, Bernadotte family, British, bouffant coiffure, scoop neckline, bertha, lace, blouson bodice, shallow vee waistline, close skirt, necklace, wrap