This song, I think, is composed of one verse and one chorus, as is in The Puffin Song Book (pp. 135-137) and William Cole's Folk Songs of England, Ireland, Scotland & Wales (pp. 38-39). The latter book says the author is John Stobbs, and it is "A traditional Tyneside air from northern England. The words are based on a frangment found in The Bishoprick Garland."
~Masato