And some who were present have given their word
That the roll of DRAKE'S drum through the squadrons was heard;
Resulted a sequel as strange as it's true,
The Old Navy solemnly winked at the New.
The moral is simple but worthy of note
Whenever the spirit of DRAKE is afloat,
There's only one Navy when foes come to grips,
And nobody knows it so well as the ships,
And so when the small craft are blessed by the Board,
Demurely they murmur: "New Navy? Oh, Lord!"