  We address the hypothesis that High Velocity Clouds correspond to the
"missing" dwarf galaxies of the Local Group predicted by cosmological
simulations. To this end, we present optical and near-infrared photometry of
five additional High Velocity Clouds, one of which produces Lyman series
absorption on the sight line towards the Quasar Ton S210, with sufficient
resolution and sensitivity to enable the detection of an associated stellar
content. We do not detect significant stellar populations intrinsic to any of
the five clouds. In combination with the results from our paper I, which had
yielded non detections of stellar content in another five cases, we find that
there is a 50% chance of getting a null result in ten trials if fewer than 7%
of all High Velocity Clouds contain stars. We conclude that the population of
High Velocity Clouds is an unlikely repository for the "missing" dwarfs of the
Local Group.
