4 But yelling mews, with seagulls hoarse and base,

But > Except mew > {The common gull, Larus canus, which has a mewing cry} seagulls > (Probably denoting the larger species, such as herring gull, Larus argentatus, great black-backed gull, L. marinus, etc., which have deeper cries) base > (Because gulls are associated with deception; or: bass, of their voices)

5 And cormorants, with birds of ravenous race,

cormorant > (Phalacrocorax sp., the sea-raven, noted for its greed) ravenous > {Ravenous; given to ravin or robbery; also, perhaps, punningly: raven-like}

6 Which still sat waiting on that wasteful cliff,

still > continuously waiting > keeping watch wasteful > desolate

7 For spoil of wretches, whose unhappy case,

spoil > plunder, booty

8 After lost credit and consumed thrift,

thrift > prosperity; savings