Dennis Ryan does a nice version on an old Ryan's Fancy LP entitled "Sea People". It may be a Newfoundland version of an older Irish song, as so many are. His lyrics are as follows:

MOLLY BAWN
(from Dennis Ryan/Ryan's Fancy)

'Tis I am sad and lonely, down in the distant west.
The happy dreams of boyhood years at night disturbs my rest,
For it's in this weary heart of mine to forget it ne'er shall be,
Of the days I spent with Molly Bawn, a-boating on Loch Ri.

She was young and beautiful as gentle as the fawn.
Her eyes they shone like diamonds bright, like stars at early dawn.
A smile she had for every lad but her love was all for me,
When first I gazed on Molly Bawn, a-boating on Loch Ri.

When she said she'd be my bride, how happy then was I.
The pleasant dreams of boyhood years, how swiftly they've flown by.
The heaven's light shone in her eyes. She was too good for me.
An angel claimed her for his own and took her from Loch Ri.

Oh, I have lived a stormy life. My hair is a silvery hue.
A plaintive voice rings in my ear in tones I can't subdue.
A lovely form still lingers there, and a face I think I see.
Oh, that's the face of Molly Bawn, a-boating on Loch Ri.