Vin Garbutt recorded the song as The Hermit of Eskdaleside.  The problem is not so much his accent (which is not strong) as the very slurred enunciation he affected back in the '70s.  I've never been able to make it all out, either, but I'll try to get a bit further: I can fill some gaps in your transcription and correct a few mis-hearings, but some bits defeat me utterly so far.  I've marked the thread, and will do my best to help.