Not sure if this is Kimberley Road/Austin Avenue area. Updated from comments below.
Source: This image came from Flickr, see https://flickr.com/photo.gne?id=31061813847
Date picture taken
1954
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Location
Hi moddsey,
I saw this one on Flickr, too. The sign says ".??? School of Economics and Commerce". A search on the internet didn't give results that would match. Some HK universities have schools like this, but they all started in the 1970's or later. Possibly someone from the Gwulo community knows something about it.
Regards, Klaus
The building on the right is
The building on the right is No.16 & 18 Austin Avenue. Maybe someone who can translate the Chinese could help identify the school
Re: Austin Avenue
I think the substantial lot on Austin Avenue was called the Amai or Aimai Villas.