The Grehan sister's 1968 version has a policeman rather than a soldier:

On the Galtee Mor Mountains, so far, far away,
I will tell you a story that happened one day
It's about a young Colleen, her age was sixteen
And she carried a banner - white, orange and green.

A bold British bobby by chance passed that way
Saying "Who is that maid, with the banner so gay"
With a laugh and a sneer, he jumped off his machine
Determined to capture the flag of Sinn Fein

"O give me that banner", the bold bobby cried
"Give me that banner, and do what is right
Give me that banner, and do not be mean
For I must have that emblem - the flag of Sinn Fein."

"I'll not give you that banner," the young maiden cried
"Till your blood or my blood its colours have dyed
For I have here a rifle and that's nothing mean
And it's gladly I'll die for the flag of Sinn Fein"

That peeler's red face turned as white as the snow
He mounted his cycle and started to go
Saying "What is the use, when a maid of sixteen
Would die for her colours, white, orange and green."

That very same day in sweet Tipperary town
That gallant young girl from the Galtees came down
Her poor heart was torn with anguish and pain,
For that very same day Mick Kean died for Sinn Fein

So you young men and maidens from Erin's green shore
Raise a cheer for that maid from the proud Galtee Mor
And please keep on fighting the cause of Sinn Fein
Till we make dear old Ireland a Republic again

(Mick Kean/Keane was an IRA man killed in Tipperary in 1916)