Antique European Polar Bear Figurine Ceramic Collectible 1930's 1940's

This sweet little ceramic or porcelain polar bear is definitely an antique - I'm estimating 1940's or even 1930's, based on the maker's mark (looks European), which I unfortunately cannot make out. Please check out the image of the markings on the bear's underside. The bear measures 4.5" long x 2" wide x 2.25" tall. This piece is in good condition without any chips or cracks, but with crazing overall, as is evident in the pictures. Also worth noting: there is a tiny metal rod under the bear's neck which appears to be original to manufacture. I don't know if this metal piece was to hold the figurine in place while it was made, fired, or glazed? Or perhaps the figurine was part of a larger sculpture at some time? It's a mystery, but perhaps based on this the new owner can figure out who made it and the decade/origin of manufacture.