Yugoslavia, Kingdom. A Royal Yugoslav Army Insignia, with Wartime Propaganda Leaflet

Constructed of a red cotton/rayon blend, the obverse bearing a machine-embroidered white Royal Yugoslav Army insignia, unmarked, measuring 8 cm in diameter, demonstrating minor material fatigue, in near extremely fine condition; accompanied by a wartime propaganda leaflet, constructed of off-white paper stock with black ink, featuring a letterhead in the form of a large Serbian national eagle, followed by a Cyrillic inscription denouncing both the Ustaše and Partisans and making overtures to the Chetniks and traditional Serbian society, measuring 21 cm (w) x 33.5 cm (h), demonstrating moderate discolouration and material fatigue throughout, in very fine condition.