On Walter Pardon's Topic LP "A Country Life" this song is still called "Peggy Bawn" not "Peggy Benn", as is Peter Bellamy's version on "The First Folk Review Record". On the Voice of the People series, songs names get changed/corrected from the original albums quite often. But however the spelling, it simply means fair-haired Peggy.

Mike Yates wrote in the sleeve notes of "A Country Life":
Several English broadside printers also included the song among their wares usually calling it Peggy Band. When I asked Walter why he used the spelling "Bawn" (rather than, say, "Bann") he told me that, during the war, a visiting Irishman hat spelt it thus when he had queried the point with him.