Spain, Kingdom. An Order Of Naval Merit, Ii Class Star, Red Distinction, C.1930 GTRexclude and Ustasha Cap Badge (die-stamped

and Ustasha Cap Badge (die-stamped aluminum

a Fasces above on the upper arm and a Falange on the lower arm

with a full-length sash

Of fine quality French manufacture

Spain, Kingdom. An Order Of Naval Merit, Ii Class Star, Red Distinction, C.1930 GTRexclude and Ustasha Cap Badge (die-stamped(Orden del Merito Naval). Instituted on 3 August 1866 by Queen Isabella III. 1889 1931 Issue. Red Distinction. A Latin cross with the arms enameled red, superimposed by a golden anchor, the upper arm is surmounted by a Spanish royal crown, over a silver gilt eight pointed star composed of multiple faceted rays, reverse with vertical pin assembly and dual stays, measuring 62. 25 mm in diameter, weighing 36. 5 g, and in extremely fine condition. This