Hákun veldr ok hauldum
— harðráðum guð jarðar
tiggja lér með tíri —
teitr þjóðkonungs heiti.
Vald á víðrar foldar
— vindræfrs jǫfurr gæfu
ǫðlingi skóp ungum —
ǫrlyndr skati gǫrla.
Teitr Hákun veldr heiti þjóðkonungs ok hauldum; guð lér harðráðum tiggja jarðar með tíri. Ǫrlyndr skati á gǫrla vald víðrar foldar; jǫfurr vindræfrs skóp ungum ǫðlingi gæfu.
Cheerful Hákon commands the name ‘mighty king’ and the freeholders; God grants the firm-ruling prince the earth with glory. The liberal-minded monarch has complete control of the wide land; the ruler of the wind-roof [SKY/HEAVEN > = God] created good luck for the young lord.
[5] Vald: ‘vauld’ Tˣ
[5] vald (n. acc. sg.) ‘control’: Ms. Tˣ has the pl. form vǫld here and in R ‘vald’ has been altered to ‘vꜹld’ (R*), but the pl. form makes little sense in the context.