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Preheat oven to 350 degrees.
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Generously grease a 10-inch bundt pan.
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Coat the bundt pan with 4 tsp sugar.
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Sift together flour and salt and set aside.
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Cream together with electric mixer butter, shortening and sugar.
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Add eggs, one at a time, beating for about two minutes after the addition of each egg (for a total of about 10 minutes beating).
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Add vanilla.
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Mix together evaporated milk and water.
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Add dry ingredients to creamed mixture alternately with milk/water mixture.
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Pour into prepared pan.
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Bake for 1 hour 25 minutes.
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Cool in pan for 20 minutes then remove and cool on cake rack.