River Fleet, M 1969 hat badge of a mid level officer, circa 1980s.
Aluminum, paint, riveted two-piece construction. Approximately 59 mm from top to bottom. This variation features less detailed wreath.
In excellent condition. Note, instead of the connecting prongs on the back, this badge has a provision for a piece of wire which was added by the original owner.
/ Kutsenko, "Hat Badges", page 22, fig. 22/.