Atli tók ǫðling frœknan
— es svá rétt saga þessi —
— eptir frá alnar driptum —
ekki mjúkr sonum Gjúka*.
Leggja bað í linnum byggðan
lǫgði*s hrjóð †fram† …
byggðar vǫrðr bǫðvarharðan
bauga †ga† …
Atli, ekki mjúkr sonum Gjúka*, tók frœknan ǫðling; frá eptir driptum alnar; svá es þessi saga rétt. Vǫrðr byggðar bað leggja bǫðvarharðan hrjóð lǫgði*s †fram† … í linnum byggðan … bauga †ga† …
Atli, not gentle to the sons of Gjúki <legendary king> [= Gunnar and Hǫgni], seized the brave prince; he asked about the snow-drifts of the arm [SILVER]; thus this tale is right. The guardian of the settlement [Atli] ordered the battle-hard destroyer of the sword [WARRIOR] to be placed … … in the snake-settled … of rings … …
[6] lǫgði*s: ‘logdecs’ papp25ˣ, ‘log‑degs‑’ R683ˣ
[6] hrjóð lǫgði*s ‘destroyer of the sword [WARRIOR]’: Skj B (followed by Skald) reads lǫgdagshrjóð ‘the destroyer of the sea-daylight’, i.e. ‘the destroyer of gold [GENEROUS MAN]’. Lǫgðis ‘of the sword’ is preferable from a metrical point of view (a long syllable followed by a short). The form ‘logdecs’ (so papp25ˣ) may have been caused by a misreading of ‘logdces’ i.e. ‘lǫgðis’ (see Hl 1941, 113).