"Men ða leoçes can hep re3þ se hal3a se[~s] Io[~hs] þaep re
Hael. eode ofen þone bupnan the Ledpoc hatte, on in[=e]n aenne
p[.y]ptun. Tha piste se unlaesde iudas se þe hune to deaþe
beleaped haefde."

In Grimm's _Elucidations to Andreas_ he thus notices it:--

"Unlaed, miser, improbus, infelix. (A. 142. 744. _Judith_, 134,
43.). A rare adjective never occurring in Beowulf, Coedmon, or
the Cod. Exon., and belonging to those which only appear in
conjunction with _un_. Thus, also, the Goth. unleds, pauper,
miser; and the O.H.G. unlât (Graff, 2. 166.); we nowhere find a
lêds, laed, lât, as an antithesis. It must have signified
_dives, felix_; and its root is wholly obscure."

In all the Anglo-Saxon examples of unlaed, the sense appears to be
_wretched_, _miserable_; in the Gothic it is uniformly _poor_[1]: but
_poverty_ and _wretchedness_ are nearly allied. Lêd, or laed, would
evidently therefore signify _rich_, and by inference _happy_. Now we
have abundant examples of the use of the word ledes in old English; not
only for _people_, but for _riches_, _goods_, _movable property_. Lond
and lede, or ledes, or lith, frequently occur unequivocally in this
latter sense, thus:--

"He was the first of Inglond that gaf God his tithe
Of isshue of bestes, of londes, or of _lithe_."

_P. Plouhm_.