My humble attempt to try to transcribe the words as sung by Frederick McQueen and Reverend W.G. McPhee:
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Three sail leaving from the harbor (run come see, run come see [after every line]) (2x)

It was the Myrtle, the Result, and the Pretoria (2x)

It was a blessed Sunday morning (2x)

Them boat bearin' down now for Andros (2x)

The wind did bark in the Northeast (2x)

It was a terrible storm was comin' (2x)

The Result reach in now to Staniard Creek
The Myrtle did go into [Reckittstown? (place name?)]

The wind kept Pretoria on the ocean (2x)

The weather getting at the mask the fine channel [?]
Yes the [???? ] on the boatsman

Yes Captain I see no channel (2x)

Lord he say that he go on the reef now
Lord when the sky at the yard for the reef now [?]

The was one sea building up behind them
Oh lord they run ahead on the bottom

They had 34 souls on board there (2x)

But of them only one get saved now
I had a cousin on board her
By the name of Johnny
You know I had a buddy on board her
By the name of Little Wheeler
And yes I had a cousin on board her
Oh yes I had a Uncle on board her
By the name of Rav Jolly Brown
And now I had an Uncle on board her
O yes I had a rauntie [Auntie?] on board her
By the of Etta
You know I had a rauntie on board her
Run along Remember that time I had a rauntie on board her
Oh don't you know, I hope god gonna let him now
Hope God made peace with his soul I hope he gone home to heaven
Lord, I hope he gone home to heaven
Run come see Jerusalem

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Note that the refrain is always "run come see, run come see" and "Jerusalem" doesn't come into in until the final word of the song, after all of the personal memorials.

--Charlie Baum