This frame is in the form of a Canaletto frame using low relief carved timber, characteristically worked into a shallow ogee profile (or ovolo, as here) at the corners and centres leaving unadorned panels in between. Frames in this style appear on a number of paintings by Arthur Streeton, including Chinese screen 1427-3.
The dating of the label and the date of the painting suggest the frame may have been recycled for the work.
After 1917 this company trades from a 14 Market lane address.
See also Canaletto frames on:
George W. Lambert The Official artist, 1183-3 (by Chapman Bros.)
George W. Lambert Lotty and a lady, 492-2.
Giovanni Battista Pittoni The Miracle of the loaves and fishes, 2360-4.
Giambattista Tiepolo Banquet of Cleopatra, 103-4 (by F Pollak)