From the G. Warren Swire Collection at the Historical Photographs of China website: https://www.hpcbristol.net/visual/sw08-110 (photo slightly enhanced)
Shows the cutting on (toady's) King's Road and Taikoo Terrace.
On the website attributed to 1933/34, but likely taken in 1929. (Compare the tree on the slope up to Taikoo Terrace here and on this one).
