"Then the otter was flayed, and Hreidmar took the otter's skin and said that they should fill it with red gold and should then cover it wholly up with gold, and that should be their atonement. Odin then sent Loki into the land of the black elves and he came to the dwarf who is called Andvari; he was a fish in the water, and Loki took him and laid upon him as a ransom all the gold that he had in his stone. And when they came into the stone where he dwelt, the dwarf brought out all the gold that he owned and that was a very great treasure. Then the dwarf slipped under his hand a little gold ring. That Loki, however, saw and bade him produce the ring. The dwarf begged him not to take the ring from him, and said that he could breed treasure out of it if he kept it. Loki told him that he should not keep back a penny, and took the ring from him andwent out. The dwarf said that the ring should be the death of everyone who owned it. Loki replied that that suited him well, and that the condition should be held good, since he would bring it to the ears of them who might get possession of it. He then went away to Hreidmar's and showed Odin the gold; but when he saw the ring, it seemed to him very beautiful and he took it out of the treasure, but paid over to Hreidmar the gold. "Then Hreidmar filled the otter's skin as full as he could and set it up on its feet when it was full; Odin then went up to cover the skin with gold and said to Hreidmar that he should see whether the skin were wholly covered. Hreidmar looked at it and considered it carefully and saw a whisker, and bade him cover that, also, or else their atonement were at an end. Then Odin brought out the ring and covered the whisker and said that they now were freed from the otter ransom. When, however, Odin had taken his spear and Loki his shoes, and they needed no longer to fear, then said Loki that what Andvari had spoken, that the ring should be the death of him who owned it, should hold good, and it did hold good thereafter. "Hreidmar took the gold as ransom for his son, but Fafnir and Regin demanded some of it as a ransom for their brother. Hreidmar, however, would not grant them a single penny of the gold. That was the ill-advised deed of the brothers that they killed their father for the gold. Then Regin demanded that Fafnir divide the gold in halves between them. Fafnir replied that there was little chance that he would share the gold with his brother when he had killed his father for the sake of it, and bade Regin to begone or he would fare as had Hreidmar. Fafnir had then taken the helmet which Hreidmar had owned, which was called the Helmet of Awe and which all living things feared that saw it, and set it upon his head, and he took the sword which is called Hrotti. Regin had the sword that is called Refil and he fled away; but Fafnir went up upon the Glittering Heath and made him there a lair, and he took upon himself the shape of a serpent and lay upon the gold.