I know a much longer version which goes to the tune used as the theme to the old TV series "The Liver Birds".

Everybody sings
Stands a lady, on the mountain
Who she is I do not know.
All she wants is gold and silver,
All she wants is a nice young man"

the 'young man' then sings (to different tune)
Madam will you walk?
Madam will you talk?
Madam will you marry me?

lady,
No!

'young man'
What if I buy you a nice arm chair,
to sit in the garden when you take the air?
Madam will you walk?
Madam will you talk?
Madam will you marry me?

lady,
No!

'young man'
What if I buy you a silver spoon,
To feed your baby in the afternoon?
Madam will you walk?
Madam will you talk?
Madam will you marry me?

lady,
No!

'young man'
What If I buy you a nice straw hat,
With long green ribbons hanging down the back?
Madam will you walk?
Madam will you talk?
Madam will you marry me?

lady,
Yes!

Everybody (another different tune)
Off to church love, off to church love, farewell!
Home from church love, home from church love, farewell!

Young man+ all the boys
What's for breakfast love, What's for breakfast love, farewell!
What's for breakfast love, What's for breakfast love, farewell!

lady,+ all the girls
Bread and butter and watercress. Bread and butter and watercress.
Bread and butter and watercress, and you shall have some!

Young man
What's for dinner love, What's for dinner love, farewell!
What's for dinner love, What's for dinner love, farewell!

lady,
Bread and butter and beetles. Bread and butter and beetles.
Bread and butter and beetles, and you shall have some!

Young man
What's for supper love, What's for supper love, farewell!
What's for supper love, What's for supper love, farewell!

lady,
Bread and butter and RATS. Bread and butter and RATS.
Bread and butter and RATS, and you shall have some!

Then everyone runs about screaming for a while, then they all come back into the circle to start again.

My class of eight year olds used to play this in Leeds in the early 80's, and the fact that I remember it accounts for the reason that I made a birthday cake for one of my grandsons that was decorated with bread and butter and beetles one year. Two years later his little brother asked me "When you make my birthday cake granddad, will you put bugs on it please?"
Cheers
Dave