The film "Salome" was showing at Princess Theatre, dating this view of Nathan Road to August 1953. The theatre also hosted live performances, with The Beatles playing there in 1964. Today it's the site of the Hotel Mira.
(Detail cropped from page 82 of the new Volume 4 of 'Old Hong Photos and The Tales They Tell'. The book is available at a special pre-order price until 20 November.)