I do remember the song being played by Jim Lloyd because I recorded it on cassette (lost, sadly), but it must have been early to mid-80s when I heard it because my kids liked the song and they weren't born in the mid-70s and I certainly didn't listen to folk music then! Didn't the last bit, which was the Devil lamenting, go something like:

We've got all the vicars down here
We've got all the vicars down here
We could do with a cheat
A liar or a thief
But we've only got vicars down here