Of course, George Formby Sr rewrote it. His "My Grandfather's Clock" (mp3, noises included) is at George Formby Senior recordings. The lyrics are here.

THE GRANDFATHER'S CLOCK
(Geoge Formby, Sr.)

This is a song about me grandfather.
And them that doesn't want to listen,
Get out o't'room, please,
Because it's only annoyance to me.
Get in lads!

My Grandfather's Clock was a Waterbury Watch,
It could live 90 days without food.
With a silk 'at on its 'ead and me father's McIntosh,
It was dressed up like a Picadilly Dude.
It was kept in the hall,
'Till the cup-board got The Small,
And we 'ad no place the food for to stock.
So the butter and the heggs,
And the little mutton legs
We kept them in me Grandfather's Clock.

And the works of the clock,
Through the butter meltin' in it,
Sent the fingers flyin' round,
At a 'undred miles a minute,
And Grandad, with a sigh, said
"I haven't time to die,
So I'll put it off until the clock's repaired."

Aye 'twas about the best thing he could to do, you know.
Very sensible man was me Granfather.
He al's undressed hisself before 'ee got into bed.

My Grandfather's Clock was me Mother's P'rambulator,
'Round the park in it we used to ride.
There was me, and Treacle Tummy,
Liza Ant, and Justice 'Awkins,
Screamin' "Jimmy," and the twins all stuck inside.
So Grandad, 'oo was dead,
Changed his mind, got up instead,
And the sight that he saw give 'im a shock,
For the man 'oo brought the coal,
Couldn't get it down the 'ole,
So, 'ee slung it in me Grandfather's Clock.

And we didn't need a shovel,
As the pendulum swung 'igher.
For ev'ry time it swung,
It knocked some coal into the fire!
And at nine o'clock, the crank, used to
Chime a Dubble Blank,
So Grandad had to knock 'ee wouldn't go!