“And Kol answered: ‘Many things are in the thrall’s cot, not in the king’s grange.’
“‘Lend me thy sword for my duel with Bjorn,’ said Gisli.
“And Kol said: ‘Then this thing will happen: thou wilt never wish to give it up. And yet I tell thee, this sword will bite whatever it falls on, nor can its edge be deadened by spells, for it was forged by the dwarfs, and its name is Graysteel. And make up thy mind,’ he said, ‘that I will take it very ill indeed if I get not my sword back when I ask for it.’
“So Gisli took the sword and slew Bjorn with it, and got good fame for this feat. And time rolled on, and he gave not back the sword; and one day Kol met him, and Gisli had Graysteel in his hand, and Kol had an ax.
“And Kol asked if the sword had done him good service at his great need, and Gisli was full of its praises.
“‘Well, now,’ said Kol, ‘I should like it back.’
“‘Sell it to me,’ said Gisli.
“‘No,’ said Kol.
“‘I will give thee thy freedom for it,’ said Gisli.
“‘I will not sell it,’ said Kol.