Preheat oven to 375°.
Cream shortening and sugar together with a hand mixer.
Add egg and vanilla. Beat thoroughly.
Sift flour. Add salt and baking powder
Add to creamed shortening and sugar mixture, alternating with milk.
Pour into a greased loaf pan or 9x13-inch cake pan.
Bake for 35 minutes or until lightgolden brown. Test with a toothpick fordoneness.