[Hagen leads the horse away. While Siegfried looks thoughtfully after him, Gutrune, obeying a sign of Hagen's which Siegfried does not notice, goes to her room through a door on the left. Gunther comes into the hall with Siegfried, whom he has invited to accompany him.

GUNTHER

My father's ancient hall,
O hero, greet in gladness!
All thou beholdest,
Where'er thou art,
Treat as thine own henceforward:
Thine is my kingdom—
Land and folk;
By my body I swear it!
Yea, myself I am thine.

SIEGFRIED

Nor land nor folk have I to give,
Nor father's house nor hall;
In my body
Is all my wealth;
As I live it grows less.
But a sword have I
Which I welded;
Let my sword be my witness!—
That and myself I bestow.

HAGEN

[Who has come back and now stands behind Siegfried.

Of the Nibelungs' treasure
Rumour names thee the lord.

SIEGFRIED