Spain, Fascist State. A Blue Squadron Unit Pennant, C.1936 United Republic of side panel on the base

side panel on the base coming away along the top edge

Marines and The Royal Canadian Navy Fleet Arm 1924-1945

on a steel blue wool base

matching the shoulder boards

by adding on reverse belt clasp)

Spain, Fascist State. A Blue Squadron Unit Pennant, C.1936 United Republic of side panel on the baseAn extremely well preserved Blue Squadron (Patrulla Azul) unit pennant, constructed of a white wool base, the obverse bearing an elaborated multi piece insignia consisting of a central white wool disc, overlaid by a Blue Squadron insignia in the form of three diving eagles above an inscription of VISTA, SUERTE Y AL TORO (colloquially translating to WATCH OUT, HAVE LUCK, AND GO FOR THE BULL), on top of double overlaid crosses, and within a green laurel