Thanks for your help, Jim! Putting together what you transcribed and what I could make out or guess, we have:
As I took a drink down in Cumberland Road
I met with a maiden so fair
...giggles(?)..., with the sun in her eyes
And a ribbon tied in her black hair.
And I wooed her in haste, she was up for the chase
Arm in arm we strolled all that summer
Never knowing the pain of love´s loss and love's gain
That summer in Cumberland Road
When she took me home to a.......
We're as different as water and beer
But a ..... joy, they accepted this boy
And love in their hearts it was clear(?)
............. in, there's always a wind
.............blowing cold
But there's always the past(?) when he held the lass
That he met down in Cumberland Road
With the passage of years, there was laughter and tears
But a....
....boy's broken heart and a lover's depart
..............with no one to blame
..............some twenty years on
I hope that one thing she knows:
That this boy's heartbreak it's all for the sake
Of the lass there in Cumberland Road.

Mario