Damn - I looked at Curacao but couldn't get a fit on the tower..............
Anyway - only two ladies n horseback come to mind
Lady Godiva and "Ride a cockhorse to Banbury Cross,To see a fine lady upon a white horse;Rings on her fingers and bells on her toes,She shall have music wherever she goes".
it doesn't look like Coventry to me so it might well be Shotteswell/Church Farm - which is convenient for the British Microlight mob