This is a vintage military drill cane walking stick furnished with a silver pommel top hallmarked for: 
'Birmingham 1948' 

It also has a makers mark:
'F.N' 
For the Birmingham-based military & stick manufacturer: 
'F.Narborough' 

The silver top displays the emblem for:
'14th 20th Kings Hussars'
'The 14th/20th King's Hussars was a cavalry regiment of the British Army. It was created by the amalgamation of the 14th King's Hussars and the 20th Hussars in 1922 and, after service in the Second World War, it amalgamated with the Royal Hussars to become the King's Royal Hussars in 1992.'

Malacca shaft with a metal ferrule.

A rare historical item ideal for a military collector or use.

Measurements;
Length - 88cm
Diameter of the shaft under pommel - 2.6cm
Diameter of the pommel - 4.1cm 
Weight - 245g
 
Good condition, some dings to silver & age marks which add to the character of the item.