
Preheat the oven to 375°F degrees.
Pour the melted butter in a 13 x 9 x 2-inch baking dish.
In medium bowl, combine the flour, 1 cup of sugar, baking powder, and salt; mix well.
Stir in the milk and stir until just combined.
Pour the batter over the butter. DO NOT mix together.
In a small saucepan, combine the peaches, lemon juice, and the remaining cup of sugar; bring to a boil over high heat, stirring constantly.
Pour the peaches over the batter, but do not stir in; sprinkle with cinnamon and nutmeg.
Bake in preheated oven for 40 to 45 minutes, or until the top is golden brown.
Serve warm or cold.