Benito Mussolini inspects fascist supporters and hands out medals and diplomas.
Unused / unissued material - no paperwork - dates unclear or unknown.
Italian fascist leader Benito Mussolini (Il Duce) makes a speech to gathered fascist supporters. Various people come up to receive awards and diplomas (it all looks a bit disorganised).
A large crowd has gathered. Shots of parade of fascists with Mussolini looking on in the background. Soldiers with skis march past in procession. More shots of Il Duce. Various views of the parade. (Presumably from the title a celebration or levy on some 11th anniversary).