Hálfdanar sonar ins svarta,
of the son of Halfdan the Black,

Guðrøðar sonar veiðikonungs,
of the son of Gudrod the hunting-king,

Hálfdanar sonar ins milda ok ins matarilla,
of the son of Halfdan the merciful but stingy,

Eysteins sonar freys,
of the son of Eystein Frey,

  
Oláfs sonar trételgju Svíakonungs,
of the son of Olaf the wood-cutter, king of the Swedes,

at sá maðr kom skipi sínu til Íslands í Breiðdal, er Hallfreðr hét.
that that man who was called Hallfred, came by boat to Breiddale in Iceland.

Þat er fyrir neðan Fljótsdalsherað.
That is along down from the Fljotsdale district.

Þar var á skipi kona hans ok sonr, er Hrafnkell hét.
Aboard the ship were his wife and son, who was called Hrafnkel.

Hann var fimmtán vetra gamall, mannvænn ok gørviligr.
He was 15 years old, promising and enterprising.

Hallfreðr setti bú saman.
Hallfred set up a farm.

Um vetrinn andaðisk útlend ambátt, er Arnþrúðr hét,
Over the winter, a foreign servant who was called Arnthrud, died,

En um várit foerði Hallfreðr bú sitt norðr yfir heiði ok gerði bú þar,
But in the spring, Hallfred moved his home north across the heath and settled there,
sem heitir í Geitdal.
which is called Goatdale.
Ok eina nótt dreymði hann, at maðr kom at honum ok mælti:
And one night he dreamed that a man came to him and said
'Þar liggr þú, Hallfreðr, ok heldr óvarliga.
"There you lie, Hallfred, and (that is) rather foolhardy.
Foer þú á brott bú þitt ok vestr yfir Lagarfljót.
Move your farm away westward across Lagarfljot.
Þar er heill þín öll.'
All your good fortune will be there."
Eptir þat vaknar hann ok foerir bú sitt út yfir Rangá í Tungu,
After that he woke and moved his farm across the river Rang into Tongue,
þar sem síðan heitir á Hallfreðarstöðum,
where it has been called Hallfredstead ever since
ok bjó þar til elli.
and (he) lived there into old-age.
En honum varð þar eptir geit ok hafr.
But it happened that a she-goat and a billy-goat were left.
Ok inn sama dag, sem Hallfreðr var í brott,
And the same day that Hallfred was on his way,
hljóp skriða á húsin,
a landslide fell down on the buildings
ok týndusk þar þessir gripir,
and these animals were lost
ok því heitir þat síðan í Geitdal.