Those lines are from the traditional French nursery song called Frère Jacques which is popularly known as Brother John in its English version.
The English translation on the side is actually the English version, not the literal translation. Here's the literal English translation of Frère Jacques:
Brother James,
Brother James,
Are you sleeping?
Are you sleeping?
Ring the morning bells,
Ring the morning bells,
Ding ding dong,
Ding ding dong.
Check out traditional French Nursery Rhymes with full English versions at www.junior-jingles.com.