Firstly it reads play one octave of the scale of C, left hand the first tetrachord, right hand the second, keeping all the notes down. then play the scale of G repeating the top tetrachord of C with the left hand, and adding another the same shape with the right. Continue through the keys until you get back to C- What does this all mean?
Everything looks good except this last part, you should be ending up on F# from B not F, so you are skipping the keys of F#, C#, G#, D#, A#, E#, and finally B# (which is the enharmonic of C). F is a flat key and does not exist when you move up 5ths in keys from C, however it does exist enharmonically on a piano keyboard as E#.Just so you know, when you do this exersise properly I think you will be have to transpose down a few octaves when you get to the G# or A# scale, since you will run out of keys.