"The tale begins," said Regin. "Hreidmar was my father's name, a mighty man and a wealthy: and his first son was named Fafnir, his second Otter, and I was the third, and the least of them all both for prowess and good conditions, but I was cunning to work in iron, and silver, and gold, whereof I could make matters that availed somewhat. Other skill my brother Otter followed, and had another nature withal, for he was a great fisher, and above other men herein; in that he had the likeness of an otter by day, and dwelt ever in the river, and bare fish to bank in his mouth, and his prey would he ever bring to our father, and that availed him much: for the most part he kept him in his otter-gear, and then he would come home, and eat alone, and slumbering, for on the dry land he might see naught. But Fafnir was by far the greatest and grimmest, and would have all things about called his. "Now," says Regin, "there was a dwarf called Andvari, who ever abode in that force, (1) which was called Andvari's force, in the likeness of a pike, and got meat for himself, for many fish there were in the force; now Otter, my brother, was ever wont to enter into the force, and bring fish aland, and lay them one by one on the bank. And so it befell that Odin, Loki, and Hoenir, as they went their ways, came to Andvari's force, and Otter had taken a salmon, and ate it slumbering upon the river bank; then Loki took a stone and cast it at Otter, so that he gat his death thereby; the gods were well content with their prey, and fell to flaying off the otter's skin; and in the evening they came to Hreidmar's house, and showed him what they had taken: thereon he laid hands on them, and doomed them to such ransom, as that they should fill the otter skin with gold, and cover it over without with red gold; so they sent Loki to gather gold together for them; he came to Ran, (2) and got her net, and went therewith to Andvari's force, and cast the net before the pike, and the pike ran into the net and was taken. Then said Loki-- "'What fish of all fishes, Swims strong in the flood, But hath learnt little wit to beware? Thine head must thou buy, From abiding in hell, And find me the wan waters flame.' He answered-- "'Andvari folk call me, Call Oinn my father, Over many a force have I fared; For a Norn of ill-luck, This life on me lay Through wet ways ever to wade.' "So Loki beheld the gold of Andvari, and when he had given up the gold, he had but one ring left, and that also Loki took from him; then the dwarf went into a hollow of the rocks, and cried out, that that gold-ring, yea and all the gold withal, should be the bane of every man who should own it thereafter.