Sagðr vas mér — né meira
muni maðr stríð of bíða —
lýðum firrðr ok láði
landvǫrðr fyr sæ handan.
Væri oss, þótt ærir
elds þeim svikum belldi,
heilalíkn, ef, hauka
hôklifs, jǫfurr lifði.
Landvǫrðr vas sagðr mér firrðr lýðum ok láði fyr handan sæ; né muni maðr of bíða meira stríð. Oss væri heilalíkn, ef jǫfurr lifði, þótt ærir elds hôklifs hauka belldi þeim svikum.
The land’s guardian [RULER = Óláfr] was said to me to be deprived of people and realm across the sea; a man will not suffer greater grief. It would be healing mercy for us if the lord lived, although envoys of the fire of the high cliff of hawks [ARM > GOLD > GENEROUS MEN] committed that treachery.