Item title reads - Air affairs.
M/S of U.S. navy airship in flight, aerial shot as a rubber boat is lowered followed by rescuer on rubber ring. The airman in the sea is rescued and climbs onto boat. A cable pulls them up again.
L/S of Chinese Air Force planes in flight forming the initials C.A.F. M/S as officer walks along on ground. M/S as the planes then form 'September the First' in Chinese, the date of their anniversary. M/S of pilots on the ground, one looks at a knife.