This image previously appeared in Terry Bennett's "History of Photography in China: Chinese Photographers 1844-1879", published by Bernard Quaritch in 2013, with the caption:
Fig. 6.19. Lai Fong (Afong Studio). ‘No. 267. – Race Course. As seen from Morrison’s Hill - the buildings on the right are the New Stand, and Matsheds or
Stable, used during race times by the owners of horses. - The length of the course is 3/4 of a mile - at the rear or foot of the Hills is the Protestant Cemetery,’ 1870s.
Author’s Collection.
See http://gwulo.com/node/31857 for more information.
It is reproduced here with the permission of the author and publisher.