Folc-rǽd

According to the Old English Dictionary:

-réd, es;

folc-rǽd

m. A public benefit, that which serves for the good of the people; pubiĭcum bĕnĕfĭcium :-- Dryhten gumena folcrǽd fremede the Lord of men did public benefits, Andr. Kmbl. 1243; An. 622. He folcréd fremede he accomplished public benefit, Beo. Th. 6004, note; B. 3006. folc-ræd