Richard is still sorting out his technical difficulty, so he asked me to post this additional translation:

Mikill vinskapr var með þeim Hrana hring ok Helga krók, ok var hann oft með Helga. Gaf Helgi honum marga ágæta gripi, meðal hverra var sax eitt, it bezta þing. Nú líða svo fram tímar, at eigi bar til tíðenda.

There was great friendship between Ring-Hrani and Hook-Helgi, and he (Hrani) was often with Helgi. Helgi gave him many excellent treasures, among which was a sax*, the best item. Time passed on, and brought longing.

* A short, one-edged sword.