The Prince of Wales, riding his own horse, is narrowly beaten in the Grenadier Guards Race at Bicester.
Full titles read: "Second in Field of 14! - Prince of Wales riding his own horse "Lady Doone" narrowly beaten... despite gallant effort... in Grenadier Guards Race at Bicester Hunt Point-to-Point Races."
Various shots show the Prince of Wales (Duke of Windsor, King Edward VIII) on his horse, 'Lady Doone' riding towards the starting point of the race while a crowd of people look on. L/S of the horses starting off, racing across fields and over jumps; one horse falls at a jump.
L/S of three horsemen with moustaches riding along after the race; the one at the front is presumably the winner.