Þá má sókn á Svǫlnis
salpenningi kenna.
Ræs gǫfumk reiðar mána
Ragnarr ok fjǫl sagna.
Þá sókn má kenna á Svǫlnis salpenningi. Ragnarr gǫfumk mána reiðar Ræs ok fjǫl sagna.
That attack can be recognised on the penny of the hall of Svǫlnir <= Óðinn> [(lit. ‘hall-penny of Svǫlnir’) = Valhǫll > SHIELD]. Ragnarr gave me a moon of the chariot of Rær <sea-king> [SHIP > SHIELD] and a multitude of stories.
[3-4] abbrev. as ‘ręs gafvmk reiþar. m. e.’ R, ‘res ga fomc reidarm.’ Tˣ, ‘Ræs gafvmk reiðar. m.’ W