British wording here.

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Lyrics copied from link -Joe Offer.

The Man that Waters the Workers’ Beer

Paddy Ryan

Chorus:

I’m the man, the very fat man, that waters the workers’ beer.
Yes, I’m the man, the very fat man, that waters the workers’ beer.
What do I care it makes them ill, or it makes them terribly queer?
I’ve a car, a yacht, and an aeroplane and I water the workers’ beer.

Now when I makes the workers’ beer I puts in strychinine;
Some methylated spirits and a drop of pariffine.
But since a brew so terribly strong might make them terribly queer;
I reaches my hand for the water tap and I waters the workers’ beer!

Chorus:

Now, ladies, fair, beyond compare, and be ye maid or wife.
Oh, sometimes lend a thought for me who leads a wand’ring life.
The water rates are shockingly high, and the ’meth’ is shockingly dear.
And there isn’t the profit there used to be in wat’ring the workers’ beer!

Chorus: