Interesting badge Joe.
It depicts the Marines memorial in Laboe ( Kiel ) of WW1 ( first stone in 1927 ), erected for the fallen marines and sailors.
Your tinnie has the date 1916 ; it is concerning WW1 the seebattle Germans against the Brittons at Skagerrak in 1916.
The second date of your tinnie�.. ( 31mai ) 1936�. it was inaugurated again in the Third Reich . Later in wartime it was also a memorial for WW2 marines and sailors. It is 85m high ; that is very high!
Here some pictures���

kiel_Laboe_luft1w60kb.jpg (59.91 KB, 213 downloads)