Now he and the other guests at the farthest table were talking among themselves. They asked the new-comer where he had seen a better ring or even one as good as this.

"Since you evidently think it strange," said he, "that I make so little of it, I may say that I have certainly seen gold which is in no way inferior, but actually better."

The King's men now laughed heartily and said that that promised good sport, adding:

"Will you agree to wager with us that you have seen gold as good as this, and prove it? We will stake four marks in current coin against your knife and belt; and the King shall decide who is in the right."

Then said Guest: "I will neither be made a laughing-stock for you nor fail to keep the wager which you offer. And I will certainly lay a wager with you on the spot, and stake exactly what you have suggested, and the King shall judge who is in the right."

Then they stopped talking, and Guest took his harp and played it well till far into the evening, so that it was a joy to all who heard him. What he rendered best was The Harping of Gunnar; and last of all he played the ancient Wiles of Guthrun, neither of which they had heard before. And after that they went to sleep for the night.

III. In the morning the King rose early and heard Mass; and after that he went to breakfast with his retinue. And when he had taken his place in the high seat, the guests came up to him, and Guest with them; and they told him all about their agreement and the wager which they had made.

"I am not much taken with your wager," replied the King, "although it is your own money that you are staking. I suspect that the drink must have gone to your heads; and I think you would do well to give it up, especially if Guest agrees."

"My wish is," replied Guest, "that the whole agreement should stand."