INTERNATION MARITIME NAUTICAL DEFIANCE SIGNAL FLAG LETTER T AND "FISHING BOATS KEEP CLEAR OF ME. I AM ENGAGED IN PAIR TRAWLING." Red and blue colors good.  White has turned and there is yellowing.  There are stains that lets us know it was used which makes it a more desirable collectible. 11 inches X 15 inches. It will frame up nice for your wall.