I remember this song very well, My father had the record "bawdy ballads" and would play it frequently. I must have been about 10 or 12 at the time making it around 1972.

other songs on the album included:

friggin in the riggin (twas on the good ship Venus) keyhole in the door your drunk your drunk you silly old fool (not sure if its the title)

Agreed that it had a feel of being an English song but the style definitely sounded country American.