Loki of the red beard and cunning eye, bringing forward the magic spear, bowed low to Odin, saying: "Here, brother Odin, is a spear that will never miss its mark!" Then he turned to Frey and handed him the magic ship, saying: "Here is a ship which will never lack a fair wind wherever you wish to go; and though you may fold it up and carry it in your pocket, it will hold all the gods of Asgard and their steeds besides." But to Thor he gave the golden web of hair, and said nothing, for he feared him. Then Brock stood forth and produced his treasures, saying: "Here, mighty Odin, is a ring that will produce nine other gold rings every ninth night." Odin laughed with joy, and said: "Spears have I in abundance, but with this ring I shall never want for gold." Next Brock opened the heavy bag with which his shoulders were burdened, and out of it fell the golden boar, which he laid before Frey, saying: "Here, good Frey, is a boar who will carry you through the air or over the sea. And wherever you go on his back the sky will be lighted up by his golden bristles." Then Frey laughed with joy, saying: "Better sport is it to ride on a golden boar than in a ship." Lastly Brock drew out the short-handled hammer named Miölnir. And this he gave to Thor, saying: "Most powerful one, here is a hammer whose blows nothing can withstand, not even mountains or Frost Giants; and however far you throw it, this hammer will always return to your hand." Then Thor jumped from his seat joyfully crying out: "Better than the golden hair of Sif is a weapon against which none of my enemies can stand. Brothers, let us decide this wager forthwith. And for me, I give my vote in favour of the gifts of Brock." Then the gods and goddesses put their heads together and came to the conclusion that the hammer of Thor was worth all the gifts of Loki twice over; for with it they could be protected against the Frost Giants, who were always their secret dread. So they decided: "Brock has won the wager. Let Loki lose his head." Much dismayed, Red Loki offered to pay a huge ransom, but of this Brock would not hear. Then Loki pretended to give in. "Come and take me then," he cried, but when the dwarf tried to seize him he was already far away, for he wore the shoes with which he could run through the air and over the sea. And knowing that he could never catch him, Brock was beside himself with rage. Looking round him he saw that, though the others had dispersed, Thor was still playing with his new hammer, smashing a mountain here and a great tree there. "Mighty Thor," cried the dwarf, "will you do something for me in return for my gift? Bring to me that fellow who has broken his word, that I may slay him forthwith."