
The reason I love balms is because they're so convenient for travelling, you can use it on all areas. The current weather in Perth is pretty cold, especially at night. I think this is the prefect time to do a review on these ointments, especially to compare them, hope it'll help you to make the right choice.
I do like to keep a few types handy around the house for both Little Pork Bun and I, for those harsh Winter dry skin. So I'm going to start from the left:

Papaya Ointment: This is a very common and in-expensive type of ointment in Australia, you can find them from all health food shops or pharmacies, this is a great natural type of ointment because papaya fruit is known for it's amins, minerals, amino acids and enzymes. When choosing an papaya ointment I always look out for one with out petroleum because It is commonly contaminated with Polycyclic Aromatic Hydrocarbons (PAHS). PAHS are strongly linked to a wide variety of detrimental diseases. It tends to interfere with the body's own natural moisturising mechanism, leading to dry skin and chapping.
Where to use it: Chapped skin, lips, nipples, great for cuts, protects your skin against harsh environment.
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Horse Oil: This is the little jar with gold lid and green label, this jar of ointment was a gift from Japan from our friends, they knew LPB suffers from Eczema since a little baby, so keeping him moisturised has always been a big thing for me. I must admit when I first got it I was a little sceptical, because it says Horse Oil, I thought to myself why Horse, why not Whales or Elephants :).
After researching I have realised that this is a fantastic product for people with dry skin, especially Eczema sufferers because Horse Oil has been used as a traditional medicine since ancient times, especially among the Japanese people. The structure of Horse Oil is very near to the under layer of derma structure of an human being, so it's so easy to absorb and extremely safe to use. Other than it's moisturising power it is also a great anti-ageing product, great for calming inflammation, as a barrier against germs. It also contains α-Linolenic acid, which is a natural type of antioxidant. Horse Oil is all natural, does not contain any man made products especially petrolatum.
Where to use it: Literally everywhere including cuts and burns, dry skin, Eczema skin, chapped lips, dry hair, inflamed acne, warm it in-between your palms and use it as a massage oil for aches and pains.
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Elizabeth Arden 8 Hour Cream: I must admit this is not one of my favourite ointment, it's contains high level of petrolatum and on it's instruction it said do not apply on lips, which lost the purpose of an all purpose balm. I also do not like the smell of the balm, I find it's hard to blend even after warming up in-between my palms.
Where to use it: Everywhere except lips, I would use with care as it contains 56.8% of Petrolatum.
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Smith's Rosebud Salve: This is a new ointment I got when I traveled to Singapore, so I haven't had too much experience with it yet. The reason I picked this one up is because it's been around since 1892, so I think it should be safe to use, it's main ingredients are Cotton seed oil (which is common and unlikely to create allergic reaction), Aromol™ (A blend of 22 types of essential oil inlcuding Rose oil tuth the name and the scent) and White Petrolatum, but The Environmental Working Group gives it a very low hazard rating (1 on a scale of 1 to 10), and there have been very few reports of allergic reactions to the product.
Where to use it: Cuts and minor burns, chapped skin and lips, fizzy hair. Smith's Rosebud Salve also has cosmetic uses like tame unruly brow line, subtle accent to cheek bones, collar bones and shoulders. Apply on eyes as base for powered eye shadow.
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My current personal favorite is Pure Nutraceuticals's Papaya Cream & Horse Oil, as they both are perfectly safe to use on baby, very moisturising and all purpose. The only thing is remember to keep them away from heat, they go a bit runny.
Hope you've find my review useful :) if you have any questions feel free to leave me a comment or send me an email.