2 1/2 cups unsifted flour
1 1/4 cups sugar
2 teaspoons baking powder
1/2 teaspoon baking soda
1/2 teaspoon salt
1/4 cup (1/2 stick) margarine, melted
1/2 cup orange juice
2 tablespoons grated orange peel
2 tablespoons water
1 cup chopped walnuts
Mix flour, sugar, baking powder, baking soda, and salt. Combine eggs, melted margarine, orange juice. orange peel and water; add all at once to flour mixture. Stir quickly until dry ingredients are moistened Stir in walnuts. Turn into greased and floured 9x5x3-inch loaf pan.
Bake at 350 degrees F. 1 hour, or until done. Cool in pan 10 minutes. Remove from pan and cool on wire rack. Slice and serve.