Þing stofnuðu jǫfrar ungir;
jarl veitti svǫr ræsi snarla;
hersar báru á hilmi dýran
— hjaldrs fýstu þeir — sakar kaldar.
Alt lagði þá frǫmuðr frægða
— fekk sætt af því stillir rekka —
snildar skýrs ok seldi várar
sitt mál í kné lituðs stála.
Ungir jǫfrar stofnuðu þing; hersar báru kaldar sakar á dýran hilmi; þeir fýstu hjaldrs; jarl veitti ræsi snarla svǫr. Frǫmuðr frægða lagði þá alt mál sitt í kné snildar skýrs lituðs stála ok seldi várar; af því fekk stillir rekka sætt.
Young lords called an assembly; hersar brought hostile charges against the worthy ruler; they were eager for battle; the jarl gave the king replies quickly. The promoter of glorious deeds [WARRIOR = Skúli] then put his entire case into the hands of the eloquent reddener of weapons [WARRIOR = Hákon] and gave pledges; by this the leader of men [RULER = Skúli] attained reconciliation.