5.5" tall toy made in Japan by Masudaya for the English market, 1930s w/Masudaya's "MT" logo on rear wheels. Tricycle is painted tin and tin litho w/built-in key and has attached Donald Duck figure w/celluloid head, upper body and feet plus fabric pants. Attached to the back of tricycle is fabric Union Jack flag of Great Britain. Donald also has aged fabric ribbon accent on hat. Toy works and he travels in a circle as his legs and feet move as if peddling the tricycle and flag which is attached to the wind-up mechanism also waves. Toy shows just lt. scattered aging, w/some discoloration to paint on arms and body. Arms and head are a bit loose and would benefit from re-stringing. Union Jack flag has slight edge fraying and 3/8" tear at top left where it connects to thin wire rod. Working and Fine overall. While there are Mickey Mouse and Donald Duck wind-up tricycle toys about half this size, this larger wind-up is quite impressive. Scarce.