£150
38th (Welsh) Division WW1 cloth formation sign badge. Good scarce red dragon embroidered on black rectangle with rounded corners. Minor moth and service wear Kitchener Div formed December 1914 as 43rd (Welsh) Div with Service Bns of the RWF, SWB & Welsh Regt. Renumbered 38th (Welsh) 29.04.15. To France November 1915; from 1916 fought on the Western Front.
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