Christmas Surprises: An Antique Revolving Picture Book, Ernest Nister, 1990, Philomel Books - Used 

Come and spend the Christmas holiday in a turn-of-the-century home, where children trim a Victorian tree, dream of Santa, and frolic with their new Christmas treasures.
First published in the late 1890s by Ernest Nister of London, this fascinating antique book features double "revolving-picture" windows - picture 5 and 6 are of the same page just showing you the before and after "revolving" picture. 
Meticulously reproduced and accompanied by delightful verses of the day.

Please see photographs.