This is the whole chord progression:

C5       D5   D5 D5      G5       C5      G5      E5      E5      E5      E5
Put it with the words and it sounds like this
C5        D5   D5 D5
Last night,       
G5              C5       G5    E5          E5 E5    E5
I saw the fire burning on the palace door
C5        D5   D5 D5
O'er the land,
G5               C5            G5   E5       E5 E5   E5
Humble subjects watched with mixed  emotion
C5              D5 D5 D5
Who is burning
G5      C5   A5 E5        E5 E5  E5
Who is burning the effigy
(repeat that line again)

And here are all the words for the song:

Last night, I saw the fire burning on the palace lawn
O'er the land, humble subjects watched with mixed emotion
Who is burning, who is burning, the effigy??
Who is burning, who is burning, effigy??

Last night, I saw the fire spreading to the palace door
Silent majority wasn't keeping quiet anymore
Who is burning, who is burning, the effigy??
Who is burning, who is burning, effigy??

Last night, I saw the fire spreading to the countryside
In the morning, few were left to watch the ashes die
Who is burning, who is burning, the effigy??
Who is burning, who is burning, effigy??
Why? Why? Why? Effigy!