It's a version of "Edwin (Edmund, Edward) in the Lowlands Low" [Laws M34] (Click here for The Traditional Ballad Index). EDWARD IN THE LOWLANDS (Appalachian version collected by Sharp) is in the DT. The Penguin version and valuable info (with many links) are at this thread: Penguin: Young Edwin In The Lowlands Low. Another version by Martin Carthy is posted HERE (Lyr Add: Young Emma). "The Diver Boy" (sound clip) sung by Ollie Gilbert can be heard HERE (Various Artists, Southern Journey V. 1: Voices from the American South -- Blues, Ballads, Hymns, Reels, Shouts, Chanteys and Work Songs, Rounder CD 1701).

~Masato