1. Preheat oven to 350°F.
2. Sift all dry ingredients except for the currants together.
3. Rub in the butter and lard.
4. Add the currants.
5. Make a well in the centre, pour in the eggs and mix together, gradually adding the milk, until you have a fairly soft consistency.
6. Grease two cake tins, divide mixture equally between them and bake at 350 F for about 1 1/2 hours.