Old Fashion Peach Cobbler

This is a Family recipe that I grew up with.
And still to this day I prefer this Peach cobbler over
The biscuit topped type. I love eating it while it's still warm.

1 Stick Butter
2 C. flour
1 1/2 C. sugar
1 TBSP baking powder
1 1/2 C. milk
1 (29 oz.) can of sliced peaches

Melt the margarine then set aside. In a bowl mix all dry ingredients.
Then pour melted margarine into the dry mixture.
Stir until margarine in blended. ( Mixture will be clumpy)
Next pour the milk in, and blend until smooth.
Pour this mixture into a sprayed 9x13 pan.
Place the peaches on top of batter (saving juice until last)
And last but not least pour the peach juice over the top.
Bake @ 350 for 1 hour
Let set for 10 minutes before serving.
You can serve this warm or cold.