Bôrum, Ullr, of alla,
ímunlauks, á hauka
fjǫllum Fýrisvalla
fræ Hôkunar ævi.
Nú hefr folkstríðir Fróða
fáglýjaðra þýja
meldr í móður holdi
mellu dolgs of folginn.
Bôrum fræ Fýrisvalla á fjǫllum hauka of alla ævi Hôkunar, Ullr ímunlauks. Nú hefr folkstríðir of folginn meldr fáglýjaðra þýja Fróða í holdi móður dolgs mellu.
We bore the seed of Fýrisvellir [GOLD] on the mountains of hawks [HANDS] during the whole of Hákon’s lifetime, Ullr <god> of the battle-leek [SWORD > WARRIOR]. Now the afflicter of the people [= Haraldr] has hidden the flour of the little-satisfied bondswomen of Fróði <legendary king> [= Fenja and Menja > GOLD] in the flesh of the mother of the enemy of the giantess [= Þórr > = Jǫrð (jǫrð ‘earth’)].
[1, 4] of alla ævi Hôkunar ‘during the whole of Hákon’s lifetime’: Cf. the closely similar phrasing in Lv 9/3, 4.