Yes, Walrus,it is the False Knight. Here are the few words I can get, and I'm not sure of them all:

Now where ... and what is that you bear? (?)
Said the false knight to the child in the road
Oh, .. and nothing do I bear
Said the pretty little child only seven years old

What is that upon your back in your brown heavy sack?
Said the false knight to the child in the road
I have books upon me back in me brown heavy sack
Said the pretty little child only seven years old

Tell me what is on your arm 'less you want to come to harm?
Said the false knight to the child in the road
I've got pits upon me arm that I got farm
Said the pretty little child only seven years old

What is higher than the tree, what is deeper than the sea?
Said the false knight to the child on the road
Heaven's higher than the tree, Hell is deeper than the sea
Said the pretty little child only seven years old

Oh I have a gallows high and a rope to swing you by
Said the false knight to the child on the road
If you want to swing me high …gallows …
Said the pretty little child only seven years old

I've a bird … wing and a song that doesn't sing
Said the false knight to the child on the road
….the song to sing
Said the pretty little child only seven years old