Ǫrð sær Yrsu burðar
inndrótt jǫfurr sinni
bjartplógaðan bauga
brattakr vǫluspakra.
Eyss landreki ljósu
lastvarr Kraka barri
á hlæmyldar holdi
hauks kǫlfur mér sjǫlfum.
Jǫfurr sær ǫrð burðar Yrsu bjartplógaðan brattakr vǫluspakra bauga inndrótt sinni. Lastvarr landreki eyss ljósu barri Kraka mér sjǫlfum á kǫlfur hauks, hlæmyldar holdi.
The prince sows with the grain of the offspring of Yrsa [= Hrólfr kraki > GOLD] the bright-ploughed steep field of joint-calm rings [ARM] of his retinue. The fault-shunning land-ruler sprinkles bright barley of Kraki (‘Pole-ladder’) <legendary king> [GOLD] on my own territories of the hawk [ARMS], warmly soil-covered with flesh.
[8] hauks kǫlfur mér sjǫlfum: ‘hosk[...]lfr m[...]’ U(31r); hauks kǫlfur: hauk kalfar U(44r)
[8] kǫlfur hauks ‘territories of the hawk [ARMS]’: Kalfa f. is a rare word occurring, it seems, only here and possibly in Árngr Gd 15/6IV kálfur munar ‘mind’s territories [BREAST]’.