weet > know, find out

4 There many minstrels make melody,

minstrels > musicians

5 To drive away the dull melancholy, 6 And many bards, that to the trembling chord

bards > singers

7 Can tune their timely voices cunningly,

Can > Did; knew how to timely > {Measured; keeping time with the music}

8 And many chroniclers, that can record

chroniclers > writers of epics can > can, knew how to

9 Old loves, and wars for ladies done by many a lord.