Translation according to P. W. Joyce:
Caltraghpallas in Galway ; churchyard of the fairyfort. For Caltrach and Polos, see vol. i. p. 316 , and vol. ii. p. 232 [reproduced below].
Cealtrach [caltragh], which is also a derivative from cill, is used - chiefly in the western half of Ireland - to denote an old burying-ground. It is commonly anglicised Caltragh, which is the name of a great many places; and there is a village in Galway called Caltra, another modification of the same word. We find Cloonacaltry in Sligo and Roscommon, the cloon or meadow of the burying-ground. Cealdrach [caldragh], another Irish form, gives name to eight townlands, now called Caldragh, which are confined to six counties, with Leitrim as centre; in one case it is made Keeldra in the last county. Fairy palace. Palas or pailis signifies a palace or royal residence, a loan word from the Latin (palatium). We have it pretty often reproduced in names, and it is always applied to a circular fort or lis; but as modern stone castles sometimes came to be erected on or near the sites of the forts, the name naturally descended to them, though this is not the original application of the word. Moreover in later times, after the abandonment of the old lisses as residences by their human inhabitants, and since the fairies have taken possession of them, the word pailis is generally understoon to mean a fairy palace or residence. There are between twenty and thirty townlands called Pallas, Palace, and Pallis, three anglicised forms of the word; and all these places took their names from fairy forts or lisses. Pallaskenry in Limerick was so called as being situated in the old territory of Kenry or Caonraighe. In Sligo, the term is found in the form of Phaleesh, which is the name of a townland; and in the end of names the p is occasionally changed to f by aspiration, as in Cappafaulish in Kilkenny, the garden-plot of the fairy fort. The name of Caltrapallas, in Galway (the Caltragh or burial ground of the fairy palace) shows that an old fairy fort was adopted as a burial-place, which has been done elsewhere in Ireland.