This is the way I heard this song years ago.

4 and 20 ladies all
Dancing at a ball
Lord Banner's wife a being there
The fairest of them all

First come in was Lily white
The next came pink and blue
Lord Banner's wife a being there
Of the two.

She walked right up to little Mathy Rose
Said won't you take a ride?
You will have servants at your command
And a fair lady by your side.

Take a ride I dare not want
I dare not for my life
I can tell by the rings that are on your fingers
You are Lord Banner's wife.

What if I am Lord Banner's wife?
Lord Banner is not at home
He sits a many a mile from here
Upon King Henry's throne.

Now little Foot page a being there
Heard all was said and done
And swore Lord Banner would hear of this
Before the morning sun.

He ran till he came to the water's edge
And then he jumped in and swam
He swam till he came to the other side
And again he jumped up and run.

And so on.