Yes this version below is exactly what my mum sang to me. And now I sing it to my children. Although I have an extra verse after "but nicest of all is my teddy bear". The extra verse goes:
"The dolls can't speak they are most absurd, The ark can't utter a single word, But teddy bear in his coat of brown, Will growl if you turn him upside dow."
Then continues with "he gowns and growls as if to say......."