These were the terms of agreement. Then Odin sent Loke to the home of the swarthy elves (Svartalf-heim), where he met the dwarf Andvare (wary, cautious spirit), who lived as a fish, in the water. Loke borrowed Ran's net and caught him, and demanded of him, as a ransom for his life, all the gold he had in the rock, where he dwelt. And when they came into the rock the dwarf produced all the gold which he possessed, which was a considerable amount; but Loke observed that the dwarf concealed under his arm a gold ring, and ordered him to give it up. The dwarf prayed Loke by all means to let him keep it; for when he kept this ring, he said, he could produce for himself more of the metal from it. But Loke said that he should not keep so much as a penny, and took the ring from him, and went out. Then said the dwarf, that that ring should be the bane of the person who possessed it. Loke had no objection to this, and said that, in order that this purpose should be kept, he should bring these words to the knowledge of him who should possess it. Then Loke returned to Hreidmar, and showed Odin the gold; but when the latter saw the ring he thought it was pretty; he therefore, taking it, gave Hreidmar the rest of the gold. Hreidmar then filled the otter-skin as well as he could, and set it down when it was full. Then Odin went to cover the bag with gold, and afterwards bade Hreidmar whether the bag was perfectly covered; but Hreidmar examined, and looked carefully in every place, and found an uncovered hair near the mouth, which Odin would have to cover, or the agreement would be broken. Then Odin produced the ring and covered the hair with it, and said that they now had paid the otter-ransom. But when Odin had taken his spear, and Loke his shoes, so that they had nothing more to fear, Loke
