King Magnus replied, "So many disturbances and levies have been in the country that almost all the gold and silver I could lay up is gone. I have no more gold in my possession than this ring." And he took the ring off his hand and gave it to Harald.
Harald looked at it, and said, "That is but little gold, friend. for the king who owns two kingdoms; and yet some may doubt whether thou art rightful owner of even this ring."
Then King Magnus replied, after a little reflection, "If I be not rightful owner of this ring, then I know not what I have got right to; for my father, King Olaf the Saint, gave me this ring at our last parting."
Then said King Harald, laughing, "It is true, King Magnus, what thou sayest. Thy father gave thee this ring, but he took the ring from my father for some trifling cause; and in truth it was not a good time for small kings in Norway when thy father was in full power."
King Harald gave Thorer of Steig at that feast a bowl of mountain birch, that was encircled with a silver ring and had a silver handle, both which parts were gilt; and the bowl was filled with money of pure silver. With that came also two gold rings, which together stood for a mark. He gave him also his cloak of dark purple lined with white skins within, and promised him besides his friendship and great dignity. Thorgils Snorrason, an intelligent man, says he has seen an altar-cloth that was made of this cloak; and Gudrid, a daughter of Guthorm, the son of Thorer of Steig, said, according to Thorgil's account, that she had seen this bowl in her father Guthorm's possession. Bolverk also tells of these matters: --
"Thou, generous king, I have been told, For the green land hast given gold; And Magnus got a mighty treasure, That thou one half might'st rule at pleasure. The people gained a blessed peace, Which 'twixt the kings did never cease; While Svein, disturbed with war's alarms, Had his folk always under arms."
The kings Magnus and Harald both ruled in Norway the winter after their agreement (A.D. 1047), and each had his court. In winter they went around the Upland country in guest-quarters; and sometimes they were both together, sometimes each was for himself. They went all the way north to Throndhjem, to the town of Nidaros. King Magnus had taken special care of the holy remains of King Olaf after he came to the country; had the hair and nails clipped every twelve month, and kept himself the keys that opened the shrine. Many miracles were worked by King Olaf's holy remains. It was not long before there was a breach in the good understanding between the two kings, as many were so mischievous as to promote discord between them.
Svein Ulfson remained behind in the harbour after Harald had gone away, and inquired about his proceedings. When he heard at last of Magnus and Harald having agreed and joined their forces, he steered with his forces eastward along Scania, and remained there until towards winter, when he heard that King Magnus and King Harald had gone northwards to Norway. Then Svein, with his troops, came south to Denmark and took all the royal income that winter (A.D. 1047).