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...
Obverse
敬老 - Respect for the Elder/Respect for the aged person
reverse
康徳二年三月一日 - March 1, 1935
呼蘭縣 - Hulan Prefecture.
https://en.wikipedia.org/wiki/Hulan_District