You have some excellent equipment there my friend… or should I say "premium equipment" for straight shaving.
Now all you need is the patience and will to put them to work.
Most razor manufacturers would sell razors that were sharp, that is, it could cut you if you rubbed it the wrong way. But they were never “shaving sharp” out the box so the customer would have to sharpen it before it could be used to shave…. In comes the hone.
If you want to go this the hard way you could hone it your self, however it is easier to have someone who knows what he is doing sharpen the razor with the hone for you, then all you need to do is strop the razor on the clean side of the strop before each shave. At some point, the clean side will not sharpen the edge like it once did, so you use the pasted side to bring the edge back, then the clean side again before each shave to keep the edge sharp (you don’t use the pasted side often). Depending on your type of whiskers, this “cycle” would be good for a few months (or longer) before it will need to visit the hone again.
If you prefer to hone it your self at that time then you will most likely use the yellow side of the hone to re-sharpen the razor, then strop on the clean side of the strop and you should be good for another few months (or longer). However as advised in a previous post you may need to lap the hone before you hone the razor. Get yourself some 1000 grit wet/dry sandpaper and a perfectly flat surface such as a sheet of glass or kitchen counter top, put the paper on the flat surface and sprinkle some water and rub the stone until the stone’s surface is nice and smooth, do this to both sides of the hone.
There are plenty of posts on honing, stropping, and lapping in the Wiki here are a few links... please give them a read through before you do anything, and don't be afraid to ask about anything that's not clear to you... we are all more than happy to help:
Beginner's guide to straight razor shaving - Straight Razor Place Wiki
Category:Straight Razor Maintenance - Honing & Stropping - Straight Razor Place Wiki
Interestingly, I cannot find any reference to your strop in the Wiki, however if I am not mistaken, your strop is what’s called a “paddle strop” and the principle of use is the same, so give this link about hanging strops a read through.
Razor stropping - Straight Razor Place Wiki
I hope this helps my friend.