It says -
池田半次郎様 For Mr. Ikeda, Hanjiro
祈武運長久 Praying for your good fortune in battle
府招上 Fumaneki-Kami (a district located in Imari City, Saga Prefecture in Kyusyu, Japan)
国防婦人会 National Defense Women's Association (existed during 1932-1942. Reorganized as Great Japan Women's Association in 1942)
On the other side -
奉納堂(?) Dedication Hall (probably dedicated something to a shrine to be given this cloth but I have no exact idea)