Hurrah! I have been singing this (slightly altered due to bad memory) at the Royal Mile pub chanty sing in Dec. for years. I just remembered it from childhood, ok, half remembered but the other half repeats itself. Now I know origin. Instead of " died for liberty" I was singing "fight on land and sea" but I wasn't too far off.
       I remeber the other side of the record was "You're a Sap Mister Jap"
             "You're a sap mister Jap, you don't know Uncle Sammy
               When he fights for his rights, you'll take it on the lammy,          Wait and see before we're done,
                The ABC&D will sink your rising sun

ABCD Amer.Brit CHina, Dutch (Indo) That's all I remember, but gosh, Iwas seven years old