UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                               (Amendment No. 2)*


                                 PubliCARD, Inc.
                                (Name of Issuer)

                     Common Stock, par value $.10 per share
                         (Title of Class of Securities)

                                    744627100
                                    ---------
                                 (CUSIP Number)

                                 March 27, 2003
             (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

 [ ]  Rule 13d-1(b)

 [X]  Rule 13d-1(c)

 [ ]  Rule 13d-1(d)

*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for any  subsequent  amendment  containing  information  which  would  alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).

SEC 1745 (3-98)



                                Page 1 of 5 Pages



CUSIP No.    744627100


1    Name of Reporting Person:    Taube Hodson Stonex Partners Limited
     I.R.S. Identification No. of above person (entities only):   Not Applicable

2    Check the Appropriate Box if a Member of a Group (See Instructions):(a) [ ]
                                                                         (b) [X]

3    SEC Use Only

4    Citizenship or Place of Organization:  England


     NUMBER OF       5    Sole Voting Power:  2,735,500 shares
       SHARES
    BENEFICIALLY     6    Shared Voting Power:  -0-
      OWNED BY
        EACH         7    Sole Dispositive Power:  2,735,500 shares
     REPORTING
       PERSON        8    Shared Dispositive Power:  -0-
        WITH

9    Aggregate Amount Beneficially Owned by Each Reporting Person:
                                                                2,735,500 shares

10   Check if the Aggregate Amount in Row (9) Excludes Certain Shares
                                                         (See Instructions): [ ]

11   Percent of Class Represented by Amount in Row (9):  11.135%*

12   Type of Reporting Person:      IA


*On December 31, 2003 there were 24,556,000 shares of Common Stock outstanding.

                                Page 2 of 5 Pages







Item 1.

(a) Name of Issuer: PubliCARD, Inc.

(b) Address of Issuer's Principal Executive Offices: One Post Road
                                                    Fairfield, Connecticut 06430


Item 2.

(a) Name of Person Filing: Taube Hudson Stonex Partners Limited

(b) Address of Principal Business Office
    or, if none, Residence:                    25 St. James's Street
                                               London, SW1A 1HA
                                               England

(c) Citizenship: England

(d) Title of Class of Securities: Common Stock, par value $.10 per share

(e) CUSIP Number: 744627100

Item 3.

        Not Applicable

Item 4. Ownership

     Provide  the  following  information  regarding  the  aggregate  number and
percentage of the class of securities of the issuer identified in Item 1.

(a) Amount beneficially owned (as of December 31, 2003): 2,735,500 shares

(b) Percent of class: 11.135%


                                Page 3 of 5 Pages





(c) Number of shares as to which the person has:

        (i) sole power to vote or to direct the vote: 2,735,500 shares

        (ii) shared power to vote or to direct the vote: -0-

        (iii) sole power to dispose or to direct the disposition  of:
                                                                2,735,500 shares

        (iv) shared power to dispose or to direct the disposition of: -0-

Item 5. Ownership of Five Percent or Less of a Class

    If this statement is being filed to report the fact that as of the date
hereof the reporting  person has ceased to be the beneficial  owner of more than
five percent of the class of securities, check the following  [  ].

Item 6. Ownership of More than Five Percent on Behalf of Another Person

     Not Applicable.

Item 7. Identification  and  Classification  of the Subsidiary Which Acquired
        the Security Being Reported on By the Parent Holding Company

               Not Applicable.

Item 8. Identification and Classification of Members of the Group

               Not Applicable.

Item 9. Notice of Dissolution of Group

               Not Applicable.



                                Page 4 of 5 Pages






Item 10. Certification

     By signing  below I certify  that,  to the best of my knowledge and belief,
the  securities  referred  to above were not  acquired  and are not held for the
purpose of or with the effect of  changing  or  influencing  the  control of the
issuer of the  securities  and were not acquired and are not held in  connection
with or as a participant in any transaction having that purpose or effect.

                                    SIGNATURE

     After  reasonable  inquiry and to the best of my  knowledge  and belief,  I
certify that the information  set forth in this statement is true,  complete and
correct.


Date:  January 15, 2004       TAUBE HODSON STONEX PARTNERS LIMITED


                              By: /s/ Anton French
                                  ----------------
                                 Anton French - Company Secretary




                               Page 5 of 5 Pages