Right - I finally got it in my grasps and it´s sooo good (actually, I like it more than most other Chieftains stuff).
I have few questions though - are tunes there original compositions, or traditionals? Thank you very much 
i love that movie, and i love its music!
the only tune i recognized is “the cup of tea”, that you find on the track called “the hispanola” i think. “Blind Pew” sounds traditional as well, but i’m not sure about it. dont know about the others.
Great music anyway
Thanks, you´re right about the Cup of tea.
Indeed, the movie is awesome too (it was probably my first experience with irish music, even though I didn´t know it was irish at that time).
Plus, I believe that the tune in Spyglass inn is some version of Star of the county down, but it didn´t make it to the soundtrack (pity, I guess).
I have the Chieftains’ album “Film Cuts” which contain 8 tunes from Treasure Island and they are all listed, “Music Composed and Arranged by Paddy Moloney.” That doesn’t necessarily mean though that they aren’t based off traditionals.
Thanks for the pointer, Steamwalker. I was going crazy trying to identify the soundtrack. There have been dozens of film version of Treasure Island, and I figured that the Muppets version was not the right one.
Of the Chieftains tunes, the traditional ones are:
Blind Pew: The Hut in the Bog
http://www.thesession.org/tunes/display/4305
Treasure Cave: Langstrom’s Pony
http://www.thesession.org/tunes/display/61
The Hispaniola: The Cup of Tea
http://www.thesession.org/tunes/display/20
The other tracks sound composed, or taken from other sources. For example, the “Silver and Loyals March” sounds like a set dance or a Playford dance, but I can’t identify the source.
yeah thanks a lot MTguru!!! its always nice to find the names of tunes you can play 