“There lies all that is left of Dale, ” said Balin. “The mountain’s sides were green with woods and all the sheltered valley rich and pleasant in the days when the bells rang in that town. ” He looked both sad and grim as he said this: he had been one of Thorin’s companions on the day the Dragon came. They did not dare to follow the river much further towards the Gate; but they went on beyond the end of the southern spur, until lying hidden behind a rock they could look out and see the dark cavernous opening in a great cliff-wall between the arms of the Mountain. Out of it the waters of the Running River sprang; and out of it too there came a steam and a dark smoke. Nothing moved in the waste, save the vapour and the water, and every now and again a black and ominous crow. The only sound was the sound of the stony water, and every now and again the harsh croak of a bird. Balin shuddered. “Let us return!” he said. “We can do no good here! And I don’t like these dark birds, they look like spies of evil. ”
“The dragon is still alive (дракон все еще жив) and in the halls under the Mountain then (и /живет он/ в залах под Горой в таком случае) — or I imagine so from the smoke (или я так думаю, судя по дыму;
“That does not prove it (это ничего не доказывает: «то не доказывает это»), ” said Balin, “though I don’t doubt you are right (хотя я и не сомневаюсь, что вы правы). But he might be gone away some time (но он, может быть, улетел уже некоторое время /назад/), or he might be lying out (или он, может быть, лежит где-нибудь снаружи) on the mountain-side (на склоне горы) keeping watch (и подкарауливает /жертв/;
thought [Ɵɔ: t] perilous [ˈperɪlǝs] quest [kwest]
“The dragon is still alive and in the halls under the Mountain then — or I imagine so from the smoke, ” said the hobbit.