Not a boat in Peter's River or in all St. Mary's Bay The fishermen in rubber boots are staying home today Hanging out the laundry, hang out in the store And the Little Boats of Newfoundland are idle on the shore* The men of Peter's River are just barely getting by And the boats of Peter's River have their bottoms to the sky The wives of Peter's River are taking up the slack Fisheries has ended and it's never coming back Sell a little knitting, set some broody hens No sooner does a hard day end, another one begins The wives of Peter's River are too strong to sit and cry And the boats of Peter's River have their bottoms to the sky The boys of Peter's River are as bright as boys can be Their eyes are on the highway instead of on the sea Where their fathers went before them is not where they must go† And the fate of Peter's River is not for us to know The boys of Peter's River are too young to wonder why And the boats of Peter's River have their bottoms to the sky The storms of Peter's River have pounded us for years Crashing in the harbour and smashing up the piers We've ridden out these storms before by shooting at our boats But we know this storm is different, - and we cannot stay afloat There's no nets in Peter's River laying out to dry And the boats of Peter's River have their bottoms to the sky.