Beat Egg Yolks until thick and Lemon yellow, then beat in 1 Collins Glass Sugar. Add slowly the rye, Rum and Peach Liqueur. Beat until smooth. Add the Milk and Half & Half. Beat the Egg Whites until stiff but not dry, gradually adding 1/2 Collins Glass of confectioners Sugar. Fold the Egg Whites into the batter. Just before serving, whip the Cream and fold it into the other ingredients. Garnish with ground Nutmeg. Serve in a Punch bowl or another big bowl.