The top word or name appears to be "Daspol" or possibly "Despol". (Daspol was a pseudonym for a French troubadour from the late 1200s - during the Crusades.) The bottom word is clearly "Australia". The date, 10 October, 1949 could be the date of writing, or could be a birthday or some other personally-significant date. Since it's written with a felt-tip pen, and those were not readily available before 1953, it is not likely to be the date of writing.
The first glyph, in the upper right, does not appear to be writing at all, but rather is more likely a "rubric" - which is a way of signing a document that may incorporate initials, but is actually a highly-stylized graphic rather than writing. Notice that at least a portion of it is drawn from right-to-left.
Beautiful caligraphy, whoever did it. Must have fabulous handwriting.