Yeah...it is ...the first verse goes

Down in the west there are cries of delight
As the carrick of Spain struggles in on the tide,
Full seven decks high towering over the key
And four hundred men strain to pull her alongside.
She's here from the Indies (but gently persuaded
With powder and ball to steer course for our land).
A vast cornucopia, laden with riches,
And to moor her securely all men lend a hand.

A real mouthful to sing but great with a good story to boot.