G'day,
The Irish Rovers had a hit with this many years ago here, I'm listening to it now. 4/4 time. Never heard any other recording, never heard it in 3/4 time, hard to imagine.

Also, the lines in this version go:

And sad to relate that old Seth Davy died
In nineteen hundred and four,
His three wooden dolls in the dustbin were laid
His songs to be heard never more.

Cheers,
Alan