In plain words
Dear teachers!
The pāramārthika, the vyāvahārika, the prātibhāsika. Life has three modes … as the waves in water are an imagining, as the foam on the waves is an imagining, in the same … in the pāramārthika and in the vyāvahārika the prātibhāsika is imagined. In water …, sweetness and pleasantness, these three, are there by nature. In just the same way, the pāramārthika … Sat, Cit and Ānanda are there by nature. So from the pāramārthika itself comes the vyāvahārika, and from the … the prātibhāsika shines forth. As the foam … apart from the waves, so the waves cannot stay apart from the water. In short, the foam and the waves … rest on the water. So the very principle of Saccidānanda that is in the pāramārthika is in the vyāvahārika, and the very principle of Saccidānanda … in the vyāvahārika is in the prātibhāsika, the same throughout. This pāramārthika itself they have called the Kūṭastha. The Kūṭastha means the One who undergoes no change through any state at all. The changes of place, … and objects do not touch it in the least. As in the waves, in the foam, … the water is, in the same way this pāramārthika … lies contained in the vyāvahārika and in the prātibhāsika.
Here we must show a fine ideal of the pāramārthika. … in life many kinds of sorrow, grief and hardship keep happening …. But is this sorrow natural to man? Or is it of the world? When we … this: if grief is man's very nature, that is all; then there is no way at all to … this nature from man. What is natural like this can in no way be separated, not by any austerities, not by any Jñāna, not … any sādhanas. In such circumstances we make many kinds of efforts for the … of this sorrow. Are these not all in vain? When we … inquire into this and try to recognise it, sorrow, hardship and grief … are only imaginings and are not natural. This very nature takes on the form. If … were man's nature, then when sorrow is rooted out the form too would be ….