Inked Semi-Nude Japanese Girl with Lengthy Legend on Kerchief

This was acquired in the '90s in Seattle, with an auction lot of mostly Ikat textile remnants, etc. Roughly 16" square, the men's handkerchief has many holes worn an' torn in it; my overall impression is that this was convenient item, offered by the G.I. who commissioned it, to commemorate an encounter with a courtesan; Perhaps Korean Conflict era, maybe even post WWII, GHQ era.
My quest here is for translation help with the ~20 character legend...which may offer a clue about when it was done, among other details of that encounter. As always, Thanks for lookin'!