Found it in one of the Yetties songbooks

THE BELLRINGING

One day in October, neither drunken nor sober,
O'er Broadbury Down I was making my way,
When I heard of some ringing, some dancing and singing,
I'll always remember that jubilee day.

1st chorus,

'Twas in Ashwater town, the bells they did sound,
They rang for a belt and a hat laced with gold,
But the men of North Looe rang so steady and true
That there never were better in Devon, I hold.

'Twas misunderstood for the men of Broadwood
Rang a peel on the tenors should never have been.
But the men of North Looe rang so steady and true
A difficult matter to beat them, I wean.

1st chorus again,

Those of Broadwood being haughty, they said to our party,
"We'll ring you a challenge again in a round.
We'll give you the chance in St Stephens by Launceston,
A prize to the winner a note of five pounds".

2nd chorus
'Twas in Calling to town, the bells they did sound,
They rang for a belt and a hat laced with gold.
But the men of North Looe rang so steady and true
That there never were better in Devon, I hold.

So the match it went on at good Callington,
And the bells they rang out o'er the valley below.
The old and the young people, the hale and the feeble,
They came out to hear the sweet bell music flow.

2nd chorus
Those of Broadwood once more were obliged to give o'er,
They were beaten completely again in a round.
But the men of North Looe rang so steady and true,
No better than they in the West can be found.

'Twas in Ashwater town, then in Callington town,
They rang for a belt and a hat laced with gold,
But the men of North Looe rang so steady and true,
That there never were better in Devon, I hold.

The notes give no idea if this really took place only that it is traditional.