So Audun waited. And one day when spring was at its
best, King Sweyn went with him down to the waterside, 15
where many men were busy freighting ships for foreign
lands. They walked till they came to a merchant vessel
of fine size.

"What do you think of this ship, Audun?" asked the
king. 20

"She is fine enough, surely," answered the Icelander.

"Well," said the king, "I will now repay you for the
bear. This ship and all the goods on board of it are
yours."

Audun thanked the king as well as he could. And when 25
the day came for the ship to sail, the two walked down to
the waterside again.

"I have heard much of the perils of the sea," said King
Sweyn, "and if this fair ship should be wrecked, all your
goods will doubtless be lost and little will be left to show 30
that you have met the king of Denmark."

As he said this, the king put into Audun's hand a
leather bag, full of silver, saying, "Take this, and even if
your ship goes down, you will not be entirely penniless."

Audun was so filled with gratitude that he could not
speak. But the king had still another surprise for him.
He drew a ring of gold, very costly, from his arm and put 5
it upon the arm of the Icelander.

"Take this," he said. "Even though you should lose
ship and goods and money, you will still not be penniless,
for the gold will be around your arm."

What could Audun do? What could he say? 10