Cover peaches with water and cook for 15 minutes; drain. Mash peaches and add sugar, cinnamon, nutmeg and lemon juice. Roll out pastry, and using a 6" saucer as a guide, cut out circles. Place about 2 tablespoons of fruit mixture on half of each circle and fold over. Dip fork into flour and crimp edges. Fry in 1" of oil in an electric skillet until golden brown. Drain on paper towelling. Serve warm (wonderful with butter on top) or cool.