Reluctant to leave this unfinished and with noone coming forward to do the second verse, I decided to pursue it myself! With some messing about with the sound, I was eventually able to make out the last line of the second German verse, enough to let me so a search for the rest of it, and I found this version of Im Wald und auf der Heide which has the cylinder second verse as the second part of the first verse there (if you see what I mean!).

The complete German section is given below.

Mick

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HI-LE-HI-LO

German section
Im Wald und auf der Heide
da such ich meine Freude, (pronounced Freide)
ich bin ein Jägersmann,
Ja, ich bin ein Jägersmann!

  Hi-le-hi-lo, hi-le-hi-lo,
  Bei uns geht's immer,
  Je langer je schlimmer;
  Hi-le-hi-lo, hi-le-hi-lo,
  Bei uns geht's immer noch so!
  (yodel:)Hi-yo-lo-lay-ee-dee
  Yo-oh-lay-ee-dee
  Hi-yo-lo-lay-ee-dee
  Yo-oh-lay-ee-dee
  Hi-yo-lo-lay-ee-dee
  Yo-oh-lay-ee-dee
  Hi-yo-lo-lay-ee-dee
  Oh-yo-lay-ee-dee

Den Wald und Fost zu hegen,
das Wildpret u erlegen,
das ist's was mir gefällt,
das ist's was mir gefällt.

  Hi-le-hi-lo, hi-le-hi-lo,
  Bei uns geht's immer,
  Je langer je schlimmer;
  Hi-le-hi-lo, hi-le-hi-lo,
  Bei uns geht's immer noch so!
  (yodel)Hi-yo-lo-lay-ee-dee
  Yo-oh-lay-ee-dee
  Hi-yo-lo-lay-ee-dee
  Yo-oh-lay-ee-dee
  Hi-yo-lo-lay-ee-dee
  Yo-oh-lay-ee-dee
  Hi-yo-lo-lay-ee-dee
  Oh-yo-lay-ee-dee

Source: George P. Watson, Source:George P. Watson, Hi-le-hi-lo, cylinder at Cylinder Preservation and Digitization Project