4 cups Madeira
6 tablespoons honey
2 tablespoons fresh lemon juice
8 3-inch-long, 1/2-inch-wide orange peel strips (orange part only)
6 whole cloves
1 cinnamon stick, broken in half
1/2 cup Cointreau or other orange liqueur
Combine first 6 ingredients in heavy large saucepan. Bring almost to simmer over medium heat. Reduce heat to low and cook wine mixture 10 minutes to allow flavors to blend (do not simmer). Add Cointreau and stir until heated through. Ladle into heat-proof glasses or mugs, leaving orange peel and spices in pan. Serve punch warm.