This is very interesting.
Yes, I have heard of Schooner Fare if it is the same band which used to play in the taverns of Halifax, Nova Scotia in the late 70's. Are they still around?
The verson of the song posted here is not quite the one I know, but I thank you for the variant. The version sung by Archie Fisher is identical to the version sung in eastern Canada.
I didn't know it was authored as recently as the 60's. However now that you mention it I have never seen it in any collection of traditional ballads.