A series of 50 numbered Snow White collectible cards--referred to as "figurines" in Italian--were produced from 1939 to 1940 by candy manufacturer ELAH. Officially licensed by Creazioni Walt E. Disney S.A.I. and printed by Gros Monti & Co. of Turin.
Reverse side of 47. "Good free prize..."
These types of cards were often produced in association with a "sticker" album, in which they would be glued into place. However, we haven't yet come across a booklet for this particular set. Locating the complete collection is also proving to be a challenge. The above card images were found online here and here.