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Preheat oven to 350 degrees.
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Grease and flour a 9x5" loaf pan.
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With a mixer set on medium speed, beat the butter until fluffy.
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Gradually add in the sugar and mix well.
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Add the eggs one at a time, mixing well after each egg.
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Mix the flour, baking powder and salt together.
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Add to the butter/sugar mix alternately with milk. Begin and end with the flour.
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Add in the walnuts, lemon rind and lemon juice.
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Pour into the loaf pan and bake for 50-55 minutes or until done.
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Cool in the pan on a wire rach for 10-15 minutes.
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Remove from the pan and place on a wire rack to completely cool.