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Preheat oven to 150.
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Butter and flour a tube pan and set aside.
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Cream together the remaining butter and sugar.
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Mix well.
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Add essence.
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Add 2 eggs, one at a time, mixing well after each addition.
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Add 1 cup flour.
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Add in 2 more eggs, one at a time, mixing well.
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Add 1 cup flour.
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Mix well.
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Add 2 more eggs, one at a time, mixing well.
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Add the remaining 2 eggs, one at a time, and blend well.
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Bake for 1 hour 15 minutes or until a wooden toothpick inserted in the centre comes out clean.