The absolute best version of this song is sung by Maggie Holland on her CD By Heart, Rhiannon records RHYD5008 dating from 1995.
The words make more sense and are sung clearly and in a style that really suits the lyric.
This CD has a number of other superb songs including Cathy Come Home, about homelessness, The Rowan Tree, Evergreen and Postcards from Scarborough, all of which are sung in Maggie's Hampshire accent in a voice that is totally sincere.