[davem]

This is my attempt at a transcript - anyone do better?

Everybody including divine spirits under God in this mythology makes mistakes. Of coudse the Gods made a primary error instead of leaving the Elves & Men to find out their way under the guidance of God they invited the Elves, because the rebel among them, the wicked god, Melkor was alive, had devastated a large part of the world, they took them back into their paradise in the West to protect them & so that the whole machinery starts from the, er, the rebellion of the Elves & therefore the rebellion of the evil they did in their bursting out from Paradise & therefore what you've got in our period is two lots of Elves, one that never started, just didn't bother to be anything higher than they were; they're the ordinary woodland Elves of the far east, those who started to go to the Divine Paradise & never got there, which are the Grey Elves of the West & those who got & came back as Exiles. The High Elves, who sing this song to Elbereth in the beginning of Lord of the Rings are Exiles who'd once known what it was to see the demiurgic gods in person.

Now Dwarves create a difficulty don't they, in this particular thing? They have certain grievances against Men & against Elves. They're incarnate in bodies rather like ourselves; we don't know much about them. They apparently are mortal though they are longeval. Where do they come into the scheme? Well, of course gave a great deal of thought, er to, to find their origin. I don't think I'll say anything about it at the moment, but they have a rational origin related to that theme, but they're not, er, a part of the Children of God. that's all I can really say about this. Men? Men are just Men.