"Well," said Sir Launcelot, "since thou hast besought me upon my knighthood
I cannot do else than spare thee. But if I do spare thee, thou shalt have
to endure such shame that any true knight in thy stead would rather die
than be spared in such a manner."

"Sir Knight," said Sir Peris, "I am content with anything thou mayst do, so
be that thou wilt spare my life."

Upon this Sir Launcelot bade Sir Peris rise. And he took the halter of Sir
Peris's horse, and he bound Sir Peris's arms behind his back, and when he
had done this he drove him up to his castle at the point of his lance. And
when they came to the castle he bade Sir Peris have open the castle; and
Sir Peris did so; and thereupon Sir Launcelot and Sir Peris entered the
castle and the damsel and the squire followed after them.

[Sidenote: Sir Launcelot liberates the captive ladies] In that castle were
fourteen ladies of high degree held captive for ransom; and some of these
had been there for a considerable time, to their great discomfort. All
these were filled with joy when they were aware that Sir Launcelot had set
them free. So they came to Sir Launcelot and paid their court to him and
gave him great thanks beyond measure.

[Sidenote: Sir Launcelot gives the castle treasure to the captive ladies]
Sir Launcelot and Croisette abode in that castle all that night, and when
the next morning had come Sir Launcelot made search all over that castle,
and he found a considerable treasure of silver and gold, which had been
gathered there by the ransom of the ladies and the damsels of degree whom
Sir Peris had made prisoner aforetime. All this treasure Sir Launcelot
divided among those ladies who were prisoners, and a share of the treasure
he gave to the damsel Croisette, because that they two were such good