With the exception of a word here and there, the version posted by Joe Offer 02 Feb 07 are those in GEST.

Notes printed with the lyrics:
"This song was poularized by John Henry Drake (1936-2006) of Belleoram, NL, and the lyrics are from his variant. Johnny Drake, along with Tom Rose of Bay du Nord, NL, co-founded The Dorymen in 1969. Thr variant in the YouTube video below features the Dorymen (Dorymen's Greatest Hits)."
A variant was collected in 1951 ... and published as The Little Red Light in MacEdward Leach and the Songs of Atlantic Canada copyright 2004 Memorial Univ....
GEST website, with link to videos and guitar tabs:
GEST

Verses 4 and 5
The very next morning came a knock on the door,
A sailor stood pointing far out on the shore;
Three tiny ships went adrift in the gale,
With tears in his eyes he told her father this tale.

We followed yer tiny red light, said the man,
Till it vanished from sight- on the rocks our ship ran;
Many were drowned on the billows last night,
That might have been saved by yer tiny red light.
That might have been saved by yer tiny red light.