Princess Elizabeth and Princess Margaret ride horses

CU Princess Elizabeth and Princess Margaret, wearing hats, as young children / young Elizabeth and Margaret walk together holding hands on Windsor Palace lawn with Queen Mother Elizabeth, King George VI and other uniformed dignitaries / Elizabeth and Margaret wearing headscarves and equestrian clothing ride galloping horses / Elizabeth and Margaret ride on horseback through trees / King George VI, wearing cap and carrying walking cane, greets Elizabeth and Margaret and pats Elizabeth's horse / CU Elizabeth on horseback pets horse / Princess Margaret and George VI pet Elizabeth's horse; Queen Mother Elizabeth stands off to the side wearing cap with feather / Queen Mother Elizabeth pets Margaret's horse / Queen Mother Elizabeth pets horse and tries to gain other horse's attention / Elizabeth holds reins and leads two horses as Margaret pets another horse / various shots of royal family with horses / Elizabeth pats horse / Note: Film has nitrate deterioration