Was going through the lyrics. It looks like it's slightly different than what I have:

THE NELLIE J. BANKS
Lennie Gallant

Chorus There's rum in the hold of the Nellie J. Banks Prince Edward Island bound Late on a night when the moon shines bright You can find her off Georgetown   1 She left St. Pierre on the tenth of May Prince Edward Island bound For the winter's done and there's very little rum In the harbours and the towns; And the fishermen watch for the dirty sail As they trawl on Tracadie Bay, And they give a great shout when they finally figure out, Nellie Banks is on her way.   2 There's Captain Milligan at the helm, He comes from Newfoundland With a bottle of brandy always on the deck, And an extra case in hand; He's drunk but he holds a leeward stance, As he sails the schooner through; And the government cutters quickly follow astern When he shows what the Banks can do. 3 Well, the government cutters hug the shore, With a glass upon rum row, For they know the Nellie Banks is over on the bay And a runner is sure to show And Milligan keeps her four miles out Though the boundary it is three; But late at night when the cutter's out of sight She slips into a lee- 4 On an August night in the pale moonlight With the Banks of Short Pt. Shore A shot rang out and a voice began to shout, "Heave to, or we'll fire more" And the morning light saw a terrible sight As the Banks was pulled away No more will the NJ Banks run rum No more will the fishermen say