Rice Pudding

1 lg. can canned milk
1 lg. can water
1/2 c. sugar
1/2 c. rice (not instant)
salt
1 tsp. Vanilla
Nob of butter
Nutmeg sprinkled on top

Bake 1 1/2 to 2 hrs. at 300 degrees, or until a nice golden skin forms.

Stir often the first hour.