5 cups sifted all-purpose flour
1 1/2 tsp. baking powder
1 tsp. nutmeg
1/2 tsp. salt
1 1/2 cups (3 sticks) butter, softened
2 3/4 cups sugar
4 eggs
1 1/2 tsp. vanilla
1 cup milk
1 (12 oz.) pkg. currants

Grease and flour well a 10x4-inch tube pan. Sift flour, baking powder, nutmeg and salt. Set aside.

In large bowl with electric mixer beat butter and sugar until light and fluffy, about 5 minutes. Add eggs, one at a time, beating well. Add vanilla. At low speed add flour mixture and milk alternately, beginning and ending with flour. Beat only until mixed. Add the currants. Pour into prepared pan.

Bake at 325°F for 1 1/2 to 1 3/4 hours, until tester comes out clean. Cool on rack.