Thanks Noreen, yes I think you've got it there. Including the Pope line.
Brilliant.
With the words in front of me it's amazing how his diction has improved!

I'm embarrassed that, even as a Scouser I'd heard the second line as "Your Liverpool lies..."

I might spell the last line "lasses". But AG probably would have been thinking "lassies".


~~~~~~~~~~~~~~~
I don't think this is the grace referred to in the song but
fwiw
"For nearly a century the Three Graces - The Royal Liver Building, The Cunard Building and the Port of Liverpool Building - have defined one of the world's most recognised skylines. "
http://www.visitliverpool.com/things-to-do/pier-head-and-the-three-graces-p17747  incl photo.

The rest of the city has changed somewhat since the song was written.