Taken from above the tennis courts of Eucliffe. The statue of the WW1 soldier (incorrectly referenced to John Osborn) now located in Hong Kong Park can be seen looking out onto Repulse Bay. The round structure in mid-right, I assume is Pillbox 18. The Dairy Farm Soda Fountain on Beach Road can also be seen.
(Update: Repulse Bay Mansion(s) under construction. Nudged the date to 1949)