In a mixing bowl, cream butter and sugar until fluffy; beat in the eggs, orange peel and extracts.
Combine flour and baking powder; add to creamed mixture alternately with milk.
Pour into a greased and floured 6-cup fluted tube pan. comes out clean.
Bake at 350 degrees F for 40-45 minutes or until a toothpick inserted near the centre
Cool for 10 minutes before removing from pan to a wire rack to cool. For glaze, combine the confectioners’ sugar and juice until smooth. Spoon over cake.