Preheat oven to 350°F.
In a small bowl, sift together flour, baking powder, and salt. Set aside.
In the bowl of a stand mixer, cream the lard, anise seed, and ¼ cup sugar until light and fluffy. Scrape the sides of the bowl as needed. Add egg yolk, brandy (or vanilla) , and water, and mix until smooth.
Add dry ingredients and mix until just combined.
Roll dough to ¼-inch thickness on a lightly floured surface. Cut into shapes with cookie cutters.
Place cookies on an ungreased baking sheet and bake at 350 degrees F for 15 minutes, or until lightly golden.
Mix the remaining sugar with cinnamon. Gently press the cookies into the mixture.
Cookies will keep in an airtight container at room temperature for up to 5 days.