Another badge with the same Manchukuo National Railway emblem https://asiamedals.info/threads/protection-railway-watch-fob.25326/
Reverse
康徳皇帝吉林御巡持記念 - Emperor Kangde's Visit to Jilin Commemorative
康徳元年10月24日 - October 24, 1934
新京鉄路局 - Hsinking Railway Bureau
1st design.
Obverse
満州守備 - Manchuria Defense
記念 - Commemorative
reverse
滿洲國 - Manchukuo
濱江省 - Binjiang Province
呼蘭縣 - Hulan District
宮民同 - Imperial family members/officials and [common] people are together [are equal/the same]
Cased specimen with suspension and intact silvering and...