Aberdovey Golf Links & The"Pulpit" Tee C.1905 published in the Wrench Series No.8627. The Wrench Postcard Co. only survived from 1902 to 1906 but you see many of there early images on other manufacturers cards so these companies must have acquired Wrench negatives in the liquidation process. This card is in Very Good + condition, posted in 1905.  I also have a card of "Cader Crater" from J.Salmon series listed which is cheaper  than the Wrench because it is later (1930s)              Ref.292

Aberdovey Golf Links & "Pulpit" Tee Ref.292 C.1902-06