Orms felli drakk allan
alkostigr fen hrosta
— rausn drýgði þá ræsir —
Rǫgnvalds niðr í gǫgnum.
Alkostigr niðr Rǫgnvalds drakk fen hrosta í gǫgnum allan felli orms; ræsir drýgði þá rausn.
The excellent descendant of Rǫgnvaldr [= Þorfinnr] drank the swamp of malt [ALE] through all the serpent’s slayer [WINTER]; the ruler practised bounty then.
[4] Rǫgn‑: ‘rg‑’ 743ˣ
[4] niðr Rǫgnvalds ‘descendant of Rǫgnvaldr [= Þorfinnr]’: This Rǫgnvaldr is Þorfinnr’s ancestor, Rǫgnvaldr inn ríki Eysteinsson, jarl of Møre (Mœrr) in Norway, traditionally the first Nordic possessor of Orkney and Shetland (e.g. HhárfHkr ch. 22, ÍF 26, 122).