This song refers to the North Calder Water at Woodhall in Lanarkshire. That is beyond doubt, bonny, burn, stoun and of course Auld Lang Syne are all Scottish references.

There is a twenty foot high weir at this point on the river where a sluice draws water from the river to supply the Monkland canal and other Lowland canals.

Robert Murray
Lanrkshire
Scotland