"The black ravens wade
In the blood from thy blade.
Young Hakon so gay,
With his ship, is thy prey:
His ship, with its gear,
Thou hast ta'en; and art here,
Thy forefather's land
From the earl to demand."

Earl Hakon was led up to the king's ship. He was the handsomest man that could be seen. He had long hair, as fine as silk, bound about his bead with a gold ornament.

When he sat down in the fore-hold, the king said to him, "It is not false what is said of your family, that ye are handsome people to look at; but now your luck has deserted you."

Hakon the earl replied, "It has always been the case that success is changeable; and there is no luck in the matter. It has gone with your family as with mine, to have by turns the better lot. I am little beyond childhood in years; and at any rate we could not have defended ourselves, as we did not expect any attack on the way. It may turn out better with us another time."

Then said King Olaf, "Dost thou not apprehend that thou art in that condition that, hereafter, there can be neither victory nor defeat for thee?"

The earl replies, "That is what thou only canst determine, king, according to thy pleasure."

Olaf says, "What wilt thou give me, earl, if for this time I let thee go, whole and unhurt?"

The earl asks what he would take.

"Nothing," says the king, "except that thou shalt leave the country, give up thy kingdom, and take an oath that thou shalt never go into battle against me."

The earl answered, that he would do so. And now Earl Hakon took the oath that he would never fight against Olaf, or seek to defend Norway against him, or attack him; and King Olaf thereupon gave him and all his men life and peace. The earl got back the ship which had brought him there, and he and his men rowed their way. Thus says Sigvat of him:—