Obverse engraved
馬庫滙贈 - Jointly Presented by Maku
Crossed flags of Japan and Republic of China
記念品 - Commemorative Gift/Souvenir
reverse engraved
歡迎皇軍 - Welcoming the Imperial Army
吉原先生 - Mr. Yoshihara
Marked
許義昌 - Xu Yichang /workshop/
足紋 /zú wén/ Fine Silver/Sterling (lit. zú meaning sufficient or full and wén meaning pattern)