[Looks down the river and calls towards the back.

A man and horse on board a boat!
His horn how gaily he winds!

[A horn on the stage sounds nearer. Gunther stops half-way listening.

See the leisurely stroke,
And the indolent arm
Against the stream
Urging the boat!
So skilful a hand
On the swinging oar
Can be but his
Who the dragon slew:—
It is Siegfried—surely no other!

GUNTHER

Will he go by?

HAGEN

[Making a trumpet of his hands, calls towards the river.

Hoiho! Blithe hero,
Whither bound?

SIEGFRIED [From the distance.