If I remember correctly, (a miracle in itself), this song, which did refer to "Jackie Pownall's", used to be sung around the Nottingham folk clubs in the mid-seventies by a local singer named Rod Neep. There is a web site for a singer/instrument maker of this name, but with the passing of the years I can't tell if he is one and the same. The origins of the song lie in the fact that every year during the Nottingham University Students "Karnival" it was usual for the students to take the arrow from Robin Hood's statue, located by the walls of the Castle and demand a ransom from the city council for its return. The inference in the song being that if the council were reluctant to pay for the arrow's return it would be sold for scrap. Jackie Pownall was just one member of a well-known local family who dominated the local scrap metal trade.
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