4 Unpeopled, unmanured, unproved, unpraised,

unmanured > unploughed, uncultivated

5 Nor was it island then, nor was it peised

peised > balanced; weighed down; weighed upon

6 Amid the ocean waves, nor was it sought 7 Of merchants far, for profits therein praised,

Of > By praised > valued, esteemed

8 But all was desolate, and of some thought

of > by some > [some of the chroniclers whom Spenser consulted]

9 By sea to have been from the Celtic mainland brought.

Celtic mainland > (Normandy and Brittany)