This is Barrie and Ingrid's Jolly Roving Tar, but it looks like a different song:

Now ships may come and ships may go as long as the sea do roll
Each sailor lad, just like his dad, he loves that flowing bowl
Each trip ashore he does adore with a girl that's plump and round
When the money is gone it's the same old song, 'Get up, Jack, John sit down.'
Ch: Come along, come along, jolly brave boys, lots of grog in the jar
    We'll plough the briny ocean with a jolly roving tar

When Jack's ashore he makes his way unto a boarding house
And they welcome him with rum and gin and they feed him on the pork and souse
He'll rend and spend, not offend, 'til he lies drunk on the ground
When the money is gone....

He'll take a trip on some old ship to India or Japan
For the ladies there in Asia fair, they love that sailor man
He'll go ashore and honour her, he'll buy the girl a gown
When the money is gone....

When Jack is old and weather-beat, too old to roam about
In some old shop they'll let him stop 'til eight bells calls him out
He'll raise his eyes up to the skies, saying, 'Jack, you're homeward bound'
When the money is gone....