Joe, the lyrics I got off the recording by Tracey-Munro-Tracey differ in several small ways from what you have posted. Which version is closer to what Stuart Marson wrote, I cannot say.

Too Close To The Wind
Stuart Marson
As recorded by Tracey-Munro-Tracey

Farewell to you, my faithful Nancy
Ten thousand times adieu;
For the constable has come up from Brackley Market
And a hundred volunteers too.
No more need we hide in the forest
For fear they might run us to ground
And the wild sea, we sailed upon it
Too close to the wind.

For fifteen years, we have roamed the highways
Of Northamptonshire.
From Daventry* down to the southern byways
We've robbed both the rich and the poor.
For ofttimes our families were starving
And the highway it kept us alive,
And the wild sea, we sailed upon it
Too close to the wind.

And now I lie in a darkened dungeon
Condemned on the gallows to die,
While the man who gave us away is only
Bound for Australia.
No man could be found to defend us
And naught but abuse came our way,
And the wild sea, we sailed upon it
Too close to the wind.

Now the clouds they rise over Northampton market,
And the people all come into town,
And the crowds will walk through the streets until sunset,
When the hangman cuts us down.
And fifteen children of Culworth
Their fathers are taken away,
And the wild sea we sailed upon it
Too close to the wind.