Čć! (-!+Ä“ĹŠ 4-%41 '4
Äž ĹŠ } Ä? Ĺ?
ĹŠĹŠÄˆÄŠĹŠ ĹŠ ĹŠ ĹŠÄ‰Ä‡ÄˆÄˆ
#.- 3.+.%~ ĔŊ;1# Ŋ ,48ŊŊ54+-#1 +# ;%(- Ŋ ĉĹ Ċ
Ŋ (% Ŋ:1 #Ŋ /.8 Ŋ+ Ŋ #7!+42(¢-Ŋ _1# Ŋ#-Ŋ ( ( Ŋ ;%(- Ŋ đ
(" ĔŊ4- Ŋ#-$#1,#" "Ŋ04#Ŋ "# #Ŋ2#1Ŋ3., " Ŋ#-Ŋ2#1(.Ŋ
2ĹŠ 43.1(" "#2ĹŠ"#ĹŠ2 +4"ĹŠ 42! -ĹŠ +3#1Äą - 3(5 2ĹŠ"#ĹŠ!.-!(#-!( !(¢-ĹŠ#-ĹŠ+ ĹŠ)45#-Äą 34"ĔŊ/ 1 ĹŠ1#"4!(1ĹŠ+.2ĹŠ!.-3 %(.2ĹŠ"#ĹŠ (" Ä“ FWhW bWi Wkjeh_ZWZ[i Z[ iWbkZ Z[ Jkd]khW^kW" [b L?> I_ZW [i kdW [d\[hc[ZWZ gk[ Z[X[ i[h jecWZW cko [d i[h_e" oW gk[ [d bei ‘bj_cei c[i[i i[ ^Wd _dYh[# c[djWZe bei YWiei Z[ YedjW]_e [d bW fhel_dY_W o i[ XkiYWd Wb# j[hdWj_lWi fWhW gk[ bW `kl[djkZ ^W]W YedY_[dY_W o j[d]W kdW l_ZW i[nkWb i[]khW$ C[ho =k[hh[he" YeehZ_dWZe# hW Z[ bW 9ec_i_ÂŒd ?dj[h_dij_jk# Y_edWb L?> I_ZW " h[_j[hÂŒ gk[ [ij[ fheXb[cW i[ WYh[Y_[djW Z[ cWd[hW h|f_ZW [d 7cXWje" oW gk[ bei WZeb[iY[dj[i" feh fWiWh kd cec[dje Z[ fbWY[h" de i[ ZWd Yk[djW Z[b f[b_]he Wb gk[ [n#
fed[d iki l_ZWi$ :_`e gk[ [d (&'& i[ h[]_ijhW# hed (& YWiei Z[ I_ZW" c_[djhWi [d gk[ be gk[ lW Z[b (&'' ied oW i_[j[ bei fWY_[dj[i fei_j_lei gk[ j_[d[d bW [d\[hc[ZWZ" be gk[ _d# Z_YW kd h[fkdj[ Yedi_Z[hWXb[ [d Jkd]khW^kW$ 7]h[]ÂŒ gk[ bWi [d\[hc[ZWZ[i Z[ jhWdic_i_ÂŒd i[nkWb ckY^Wi l[Y[i de fh[i[djWd i‡djecWi Yece [b I_ZW o ^Wo f[hiedWi gk[ ied fehjWZehWi o de be iWX[d1 feh be gk[ [i _cfehjWdj[ gk[ j[d]Wd kdW l_ZW i[nkWb h[ifed# iWXb[ Yed kdW iebW fWh[`W$ ;ij[ fheY[ie Wc[h_jW ckY^W i[h_[ZWZ o h[ifediWX_b_ZWZ$ ;%(- ĹŠ ĉ
, .#0# -) , * - 2* . .#0 BW Z[Y_i_ÂŒd Z[b `khWZe YWb_Ă’ # YWZeh Z[b YedYkhie ĂˆKdW Ă“ eh [d jk l[djWdWÉ jeZWl‡W de [ij| jecWZW" fk[i W‘d i[ i_]k[ [d bW Z_\‡Y_b Z[b_X[hWY_ÂŒd Z[X_Ze W gk[ bWi fh[i[djWY_ed[i Z[ bei fWhj_Y_fWdj[i [ij|d cko h[‹_# ZWi$ Bei XWhh_ei" YWiWi" _dij_jk# Y_ed[i o l_jh_dWi gk[ fWhj_Y_# fWhed feh bei fh[c_ei" Z[X[d [ijWh f[dZ_[dj[i W bW fkXb_YW# Y_ÂŒd Z[ bei h[ikbjWZei gk[ i[ ZWh| [d [b jhWdiYkhie Z[ [ijW i[cWdW$ ;%(- ĹŠ ÄŽ
Ä“ĹŠ ĹŠ-(Â #9ĹŠ8ĹŠ)45#-34"ĹŠ34-%41 '4#-2#ĹŠ"# #ĹŠ1#!( (1ĹŠ!' 1+ 2ĹŠ(-$.1, 3(Äą 5 2ĹŠ2. 1#ĹŠ2#74 +(" "ĹŠ8ĹŠ+ ĹŠ#-$#1,#" "ĹŠ"#+ĹŠ (" Ä“
/(!/, "/ Ĺ‹ -Ĺ‹./,v-.# ;d [b ‘bj_ce \[h_WZe i[ fkZe YecfheXWh gk[ [ijW fhel_dY_W \k[ kde Z[ bei Z[ij_dei c|i l_# i_jWZei" o \k[ \|Y_b ZWhi[ Yk[d# jW Z[ [bbe fk[i W Z[Y_h Z[b bW :_# h[YY_ÂŒd Fhel_dY_Wb Z[ Jkh_ice" bW YWfWY_ZWZ Z[ Wbe`Wc_[dje Z[ Jkd]khW^kW i[ h[]_ijhÂŒ [d kd /+ Z[ eYkfWY_ÂŒd$
Ä“ĹŠ 23.2ĹŠ31.$#.2ĹŠ2#1;-ĹŠ/ 1 ĹŠ +.2ĹŠ,#).1#2ĹŠ!.-!412 -3#2Ä“ĹŠ ƒ
4% ĹŠ"#ĹŠ !., 423( +#ĹŠ 2#ĹŠ!.-31.+ 1;ĹŠ !.-ĹŠ!'(/2 ;%(- ĹŠ ÄŒ
7/+.2(¢-Ŋ"#2 3¢Ŋ.31 Ŋ + 1, Ŋ#-Ŋ /¢-
.*(.ĔŊ Ä“ĹŠ - ĹŠ$4#13#ĹŠ#7/+.2(¢-ĹŠ#-ĹŠ+ ĹŠ!#-31 +ĹŠ-4!+# 1ĹŠ"#ĹŠ 4*42'(, Ŋĸ-.13#ĹŠ"#ĹŠ /¢-ĚŊ"#2 3¢Ŋ 8#1ĹŠ+ ĹŠ + 1, ĹŠ8ĹŠ ++#5¢Ŋ ĹŠ#5 !4 1ĹŠ ĹŠ"#!#- 2ĹŠ"#ĹŠ,(+#2ĹŠ"#ĹŠ/#12.- 2ĹŠ -3#ĹŠ#+ĹŠ3#,.1ĹŠ"#ĹŠ4- ĹŠ$4% ĹŠ1 "( !3(5 ĔŊ 4-04#ĹŠ#+ĹŠ . (#1-.ĹŠ 2#%41¢Ŋ 04#ĹŠ-.ĹŠ$4#ĹŠ4-ĹŠ !!("#-3#ĹŠ-4!+# 1Ä“ĹŠ ;%(- ĹŠ Ä?
Ä“ĹŠ ĹŠÄƒĹŠ#23 ĹŠ , 3# Ŋ 31 ).ĹŠ,(+#2ĹŠ"#ĹŠ341(23 2Ä“
666Ä“+ '.1 Ä“!.,Ä“#!
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
2.2ĹŠ"#ĹŠ (" ĹŠ#-ĹŠÄ‰Ä‡ÄˆÄˆÄ”ĹŠ /1#.!4/ ĹŠ ĹŠ+ 2ĹŠ 43.Äą 1(" "#2ĹŠ"#ĹŠ2 +4"ĹŠ"#ĹŠ 4-%41 '4 Ä“
:[ fh[eYkfWdj[ YWb_Ă’ YWhed bWi Wkjeh_ZWZ[i Z[ iWbkZ Z[ Jkd# ]khW^kW" Wb h[fkdj[ Z[ YWiei Z[ I_ZW gk[ i[ h[]_ijhWd [d be gk[ lW Z[b (&''" ZedZ[ bW \WbjW Z[ Z_# \ki_ÂŒd Z[ [ijW [d\[hc[ZWZ i[h‡W bW YWkiW fh_dY_fWb fWhW [ij[ \[dÂŒ# c[de$ BWi |h[Wi Z[ iWbkZ h[fehjWd bW Wj[dY_ÂŒd Z[ `ÂŒl[d[i gk[ WYkZ[d Yed _dĂ“ WcWY_ed[i [d bei ][d_# jWb[i" [cXWhWpei de Z[i[WZei o [d\[hc[ZWZ[i Z[ jhWdic_i_ÂŒd i[nkWb" gk[ ckY^Wi l[Y[i h[ikbjW i[h L?> I_ZW$ FWhW" C[ho =k[hh[he" Yeeh# Z_dWZehW Z[ bW 9ec_i_ÂŒd ?dj[# h_dij_jkY_edWb L?> I_ZW " [ijW [d\[hc[ZWZ i[ fhefW]W Z[ cW# d[hW h|f_ZW [d 7cXWje" oW gk[ bei WZeb[iY[dj[i" feh fWiWh kd cec[dje Z[ fbWY[h de jecWd fh[YWkY_ed[i Wb j[d[h h[bWY_ed[i ‡dj_cWi Yed kdW f[hiedW Z[iYe# deY_ZW o i[ _d\[YjWd Z[ YkWbgk_[h [d\[hc[ZWZ Z[ jhWdic_i_ÂŒd i[nkWb$ :[djhe Z[ kdW YecfWhWY_ÂŒd [ijWZ‡ij_YW gk[ ^WY[ bW fhe\[i_e# dWb" [d [b (&'& i[ h[fehjWhed (& YWiei fei_j_lei Z[ I_ZW [d Jkd# ]khW^kW" W^ehW [d Wf[dWi Zei c[i[i o Z‡Wi Z[b (&'' oW [n_ij[d i_[j[ YWiei fei_j_lei Z[j[YjWZei" ;ije fh[eYkfW W bWi Wkjeh_# ZWZ[i" feh YkWdje Z[ i[]k_h [ij[ YecfehjWc_[dje bei ‡dZ_Y[i i[# h‡Wd cko Wbjei Wb Ă’ dWb_pWh [ij[ W‹e$ Ejhe Z[ bei _dYedl[d_[dj[i gk[ eYWi_edW [b j[d[h h[bWY_ed[i i[nkWb[i i_d fhej[YY_ÂŒd" ied bei [cXWhWpei de Z[i[WZei" ZedZ[ bWi ĂˆY^_gk_bbWiÉ" fWhW gk[ de i[
¥ ēŊ .2Ŋ)¢5#-#2Ŋ"# #-Ŋ#23 1Ŋ#-3#1 ".2Ŋ2. 1#Ŋ24Ŋ2#74 +(" "Ŋ8Ŋ#+Ŋ (" ē
[dj[h[d iki fWZh[i efjWd feh [b WXehje e [b ik_Y_Z_e$ =k[hh[he i[‹WbÂŒ gk[ [i kdW f[dW gk[ [d bei ZWjei [ijWZ‡ij_# Yei Z[b C_d_ij[h_e Z[ IWbkZ F‘# Xb_YW" de [n_ijWd Y_\hWi YedYh[jWi Z[ f[hiedWi Yed I_ZW oW gk[ [d [b (&&/ i[ j_[d[ [b YedeY_c_[dje Z[ Zei YWiei h[]_ijhWZei$ BWi Y_\hWi fWhW bW YecfWhW# Y_ÂŒd [ijWZ‡ij_YW \k[hed jecWZWi Z[b |h[W Z[ [f_Z[c_ebe]‡W Z[ >eif_jWb :eY[dj[ 7cXWje" Wdj[i Z[ bWi \[ij_l_ZWZ[i Z[ YWhdWlWb" W^ehW kdW l[p gk[ j[hc_dWhed ^WXh| gk[ [if[hWh bei h[ikbjW# Zei$ ÆBW [d\[hc[ZWZ Z[b I_ZW de [i YkhWXb[" fehgk[ bW f[hiedW i[ lk[bl[ fehjWZehW o bei h[jhel_hW# b[i f[hc_j[d c[`ehWh [b i_ij[cW _dckdebÂŒ]_Ye f[he [b l_hki dkd# YW Z[iWfWh[Y[Ç" _dZ_YÂŒ bW fhe\[# i_edWb$
Yh[Whed kd eh]Wd_ice fWhW h[Wb_# pWh Y^WhbWi Z[ YedY_[dY_WY_ÂŒd [d bei WZeb[iY[dj[i" f[he i_ [bbei de fed[d [d fh|Yj_YW bei Wfh[dZ_# Ze o i_ de jecWd bWi h[if[Yj_lWi dehcWi Z[ i[]kh_ZWZ" de ^WXh| kd YWcX_e [d bWi [ijWZ‡ij_YWi$ Bei fWZh[i jWcX_ƒd ied bei bbWcWZei W \ec[djWh [d iki ^_`ei bW h[ifediWX_b_ZWZ i[nkWb o Yed# l[hiWh WX_[hjWc[dj[ fWhW gk[ [dj_[dZWd gk[ [b I_ZW de [i kdW [d\[hc[ZWZ gk[ i[ fk[Z[ YkhWh i_de kd cWb gk[ W\[YjW W bW f[h# iedW Z[ feh l_ZW$ ;d Wb]kdei YWiei" bei fehjW# Zeh[i h[ikbjWd i[h X_i[nkWb[i k ^ecei[nkWb[i1 [ije fehgk[ ck# Y^ei Z[ [bbei i[ ^WY[d fehgk[ l[d bei WdkdY_ei Z[ bW j[b[l_i_ÂŒd ZedZ[ Z_Y[d Ăˆi[ XkiYWd `ÂŒl[d[i fWhW ^WY[h Wc_ijWZ e Wb]e c|iÉ$ BW feXbWY_ÂŒd Z[X[ ^WY[h Yed# Y_[dY_W ieXh[ [ijei j[cWi Z[ _dj[# hƒi Yeb[Yj_le o WfeoWh W bei `ÂŒl[# d[i [d YkWbgk_[h _dgk_[jkZ gk[ #!.,#-" !(.-#2ĹŠ FWhW [b [\[Yje" bWi Wkjeh_ZWZ[i j[d]Wd ieXh[ [b j[cW$
ŇĒÄ?Ä‘Ä?Ĉ
Ä‚
-)-Ĺ‹ Ĺ‹-# Ĺ‹*, ) /* Ĺ‹ Ĺ‹ & Ĺ‹ )& .#0# Ĺ‹ ' . ˜ Ĺ‹ +ĹŠ(-!1#,#-3.ĹŠ"#ĹŠ! Äą
$#13 2ĹŠ#-ĹŠ#+ĹŠ$#11.5( 1(.
&ŋ (.,)ŋ )' , # &ŋ ,,)0# ,#)ąŋ )')ŋ.) )-ŋ&)-ŋ )'#(!)-ąŋ) , ŋ0 ,# ŋ ŋ*, ( -ŋ ŋ0 -.#,ąŋ4 * .)-ŋ3ŋ4 * .#&& -ŋ ŋ*, #)-ŋ š') )-Ąŋ
Ĺ‹ ,# Ĺ‹- Ĺ‹,  Ĺ‹ ŋúĂĆúúŋ ŋÝĂĆýúŋ3Ĺ‹ -.6Ĺ‹ Ĺ‹& Ĺ‹ -* , Ĺ‹ Ĺ‹+/ Ĺ‹ ' . ˜)-Ĺ‹3Ĺ‹./,#-. -Ĺ‹&& !/ (Ĺ‹ Ĺ‹) - ,0 ,Ĺ‹3Ĺ‹ )'*, ,Ĺ‹*, ( -Ĺ‹ Ĺ‹ &# Ĺ‹3Ĺ‹ Ĺ‹*, Äš #)-Ĺ‹ $)-Ä„Ĺ‹
/(!/, "/ ŋ ')-.,šŋ.) )-ŋ -/-ŋ ( (.)-
Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
,, !/& , , /* , #š( &Ĺ‹ ,# )Ĺ‹ Feh bei Zei Z‡Wi gk[ de i[ bW# XehWhed Z[X_Ze Wb \[h_WZe Z[ Ăˆ9WhdWlWbÉ" bWi [dj_ZWZ[i f‘# Xb_YWi o Wb]kdWi fh_lWZWi" Z[# X‡Wd h[Ykf[hWh Wo[h [b fh_c[h Z‡W Z[ lWYWY_ed[i$ 7f[dWi Wb]kdWi [dj_ZWZ[i f‘Xb_YWi" YkoWi eĂ’Y_dWi cW# jh_Y[i \kdY_edWd [d 7cXWje" jhWXW`Whed Yed dehcWb_ZWZ bW cW‹WdW o jWhZ[ Z[ Wo[h" [d YWcX_e ejhWi jecWhed bW Z[Y_# i_ÂŒd Z[ de ^WY[hbe$ 7kdgk[ de ^kXe jWdjW WĂ“k[dY_W Z[ ][dj[ Yece [d Z‡Wi dehcWb[i" lWh_Wi _dij_jk# Y_ed[i WYWjWhed bWi Z_ifei_# Y_ed[i o bWXehWhed [d ^ehWh_e dehcWb$ ;d YWcX_e" lWh_Wi [cfh[# iWi fh_lWZWi" i‡ fh[\_h_[hed Z[iYWdiWh [ij[ i|XWZe" fk[i [d [b Y[djhe Z[ bW Y_kZWZ" [d [b YWie Z[ [dj_ZWZ[i XWdYWh_Wi" Wb]kdWi i[ ceijhWhed Yed bWi fk[hjWi Y[hhWZWi$
Ä“ĹŠ 23 ĹŠ/1.5(-!( ĹŠ#2ĹŠ4- ĹŠ"#ĹŠ+ 2ĹŠ/.! 2ĹŠ04#ĹŠ.$1#!#ĹŠ341(2,.ĹŠ/ 1 ĹŠ3.".2ĹŠ +.2ĹŠ%423.2Ä“ĹŠ
41(2,.ĹŠ"#ĹŠ! +(" " .+#".ĹŠ!.,#-3 ĹŠ04#ĹŠ+ ĹŠÄƒ#23 ĹŠ , 3# Ŋ2#ĹŠ' ĹŠ!.-5#13(".ĹŠ#-ĹŠ1#$#1#-3#ĹŠ(-3#1- Äą Ĺ—!(.- +ĹŠ"#ĹŠ!4+341 ĔŊ8ĹŠ+ ĹŠ%1 -ĹŠ, 8.1~ ĹŠ"#ĹŠ5(2(3 -3#2ĹŠ04#ĹŠ3(#-#ĹŠ2.-ĹŠ%#-3#ĹŠ04#ĹŠ"#2# ĹŠ
.2Ŋ/1.8#!3.2Ŋ2#Ŋ #-5( 1;-Ŋ Ŋ 4(3.Ŋ / 1 Ŋ04#Ŋ4- Ŋ !.,(2(¢-Ŋ - +(!#Ŋ + 2Ŋ/1./4#23 2Ŋ8Ŋ 2(%-#Ŋ+.2Ŋ1#!41Ĺ 2.2
2Ŋ4- Ŋ%1 -Ŋ ./.134-(Ĺ " "Ŋ/ 1 Ŋ 04#Ŋ+.2Ŋ 13(23 2Ŋ "#Ŋ+ Ŋ/1.5(-!( Ŋ ' % -Ŋ!.-.!#1Ŋ242Ŋ' (+(Ĺ " "#2Ŋ#Ŋ(-5(3#-Ŋ Ŋ,;2Ŋ/#1Ĺ 2.- 2Ŋ Ŋ/ 13(!(/ 1Ŋ#-Ŋ#23 2Ŋ #7/1#2(.-#2Ģē
ĹŠ Ä”
ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ Ä“
Ä“ĹŠ .2ĹŠ 13(23 2ĹŠ/4#"#-ĹŠ !!#"#1ĹŠ ĹŠ#23.2ĹŠ1#!412.2ĹŠ/ 1 ĹŠ%#-#1 1ĹŠ,;2ĹŠ#2/ !(.2ĹŠ"#ĹŠ!4+341 Ä“ĹŠ
-* , (Ĺ‹&)-Ĺ‹*,)3 .)-Ĺ‹ /&./, & -
ĹŠ ĹŠ Â&#x;
KdW l[p h[ijWkhWZW BW 9WiW Z[b FehjWb" bei fhe]hWcWi Z[ Ăˆ:ec_d]ei [d <Wc_b_WÉ gk[ _cfkbiW [b =eX_[hde Fhel_d# Y_Wb Z[ Jkd]khW^kW" lk[bl[ W [ij[ i_j_e$ ;ij[ [l[dje _d_Y_Wh| W bWi ''0&&" ZkhW kdW ^ehW o i[ fh[# i[djWd Whj_ijWi Z[ h[decXh[ dWY_edWb [ _dj[hdWY_edWb" gk[ jhW[d Z_ij_djei Whj[i Yece ZWdpW" XW_b[" j[Wjhe" c‘i_YW" j‡j[h[i" [jY$ ;b [l[dje [i ]hWjk_je o [ij| Z_h_]_Ze W jeZW bW \Wc_b_W" Yed [b W\|d Z[ \ehjWb[Y[h iki bWpei Z[ Wceh [ _dYkbYWh [b ^|X_je Z[ fWiWh c|i j_[cfe Yed bei i[h[i gk[h_Zei$ >eo [ijWh| [d [iY[dW [b fWoWi_je Ăˆ9^[l[h_jeÉ gk[ fhe# c[j[ ZWh kd [if[Yj|Ykbe i_d _]kWb fWhW ]hWdZ[i o Y^_Yei$
5(5(1ĹŠ 2~ĹŠ#+ĹŠ$#1( ".ĹŠ"#ĹŠ! 1- 5 +ĔŊ!.-ĹŠ4- ĹŠÄƒ#23 ĹŠ"(23(-3 Ä“ĹŠ ÄĄ 4#1#,.2ĹŠ! +(" "ĹŠ"#ĹŠ5(2(3 -3#2ĹŠ,;2ĹŠ-.ĹŠ! -3(" "ĔŊ/.1ĹŠ#++.ĹŠ-.ĹŠ' !#ĹŠ3 -3 ĹŠ$ +3 ĹŠ + ĹŠ/4 +(!(" "ĔŊ/.104#ĹŠ+ ĹŠ%#-3#ĹŠ2 #ĹŠ ĹŠ".-"#ĹŠ5 ĹŠ8ĹŠ+.ĹŠ04#ĹŠ/4#"#ĹŠ' !#1ĹŠ.ĹŠ-.ĹŠ#-ĹŠ#+ĹŠ +4% 1ĹŠ04#ĹŠ5(2(3#ĢĔŊ"().Ä“ĹŠ
ĹŠ
Bei fheo[Yjei gk[ i[ Z[X‡Wd fh[i[djWh fWhW fWhj_Y_fWh [d [b ĂˆI_ij[cW DWY_edWb Z[ <[ij_lWb[i (&''É ^WijW [b '& Z[ cWhpe" j[d# Zh|d fbWpe fWhW ^WY[hbe ^WijW [b )'$ BW WYj_l_ZWZ [i h[Wb_pWZW feh [b C_d_ij[h_e Z[ 9kbjkhW fWhW _cfkbiWh [b Whj[ [d iki Z_\[h[d# j[i [nfh[i_ed[i$ ;ij[ j_fe Z[ YedleYWjeh_Wi oW i[ ^Wd ^[Y^e W [iYWbW dWY_edWb"
ă
/ &0 (Ĺ‹&)Ä’ )'#(!) (Ĺ‹ '#&# Ä“
Ŋ#2! + Ŋ- !(.Ĺ - +ĔŊ#23 Ŋļ3(#11 Ŋ"#Ŋ ./.134-(" "#2ČŊ#2Ŋ + Ŋ04(-3 Ŋ./!(¢-Ŋ ,;2Ŋ5(2(3 " ē
Z[ij_dei c|i [b[]_Zei feh [b jk# h_ijW" fk[i Yece jeZei i[ ^WXh|d ZWZe Yk[djW" ^WX‡W ckY^W ][dj[ [d jeZe bk]WhÇ" Yec[djÂŒ$ 7 Z[Y_h Z[ Jeb[Ze" Wfhen_cW# ZWc[dj[ [b /+ Z[ bW YWfWY_ZWZ Z[ Wbe`Wc_[dje i[ YkXh_ÂŒ [d bei Z‡Wi Z[b \[h_WZe" \k[ cko Z_\‡Y_b [dYedjhWh [ifWY_ei b_Xh[" o feh [bbe Wb]kdei jkh_ijWi XkiYWhed Feh ik ]Wijhedec‡W" WjhWYj_lei Wbe`Wc_[dje [d 9ejefWn_" 8eb‡lWh dWjkhWb[i" lWh_WY_ÂŒd Z[ Yb_cW o o 9^_cXehWpe$ bW WcWX_b_ZWZ Z[ iki ^WX_jWdj[i" Jkd]khW^kW [i kdW Z[ bWi c[`e# .ĹŠ' 8ĹŠ-ĂŒ,#1.2 h[i efY_ed[i gk[ j_[d[ [b jkh_ijW I[]‘d [b \kdY_edWh_e" [i YWi_ _c# fWhW l_i_jWh" de iebe [d bei \[# fei_Xb[ YedjWX_b_pWh W jeZWi bWi h_WZei" i_de [d [b jhWdiYkhie Z[ f[hiedWi gk[ l_i_jWhed bW fhe# jeZe [b W‹e$ l_dY_W" fk[i bW <_[ijW Z[ bW <hkjW 7i‡ be WĂ’hcÂŒ CWhYe Jeb[Ze" o Z[ bWi <beh[i WjhW`e W ckY^W Z_h[Yjeh Z[ Jkh_ice Z[ Jkd]k# ][dj[ gk[ jWcX_ƒd fkZe l_i_jWh hW^kW" gk_[d c[dY_edÂŒ gk[ W bei YWdjed[i$ d_l[b dWY_edWb" bW ef_d_ÂŒd Z[ bei jkh_ijWi ieXh[ bW fhel_dY_W [i Bei c[`eh[i _dZ_YWZeh[i \k[# cko Xk[dW$ hed bei h[ijWkhWdj[i" ^eij[h‡Wi" Æ;d [b ‘bj_ce \[h_WZe fkZ_cei XWbd[Wh_ei" jhWdifehj[ o ^ej[b[i YedĂ’hcWh gk[ iecei kde Z[ bei gk[ [ijkl_[hed bb[dei$
o feh bW YWb_ZWZ Z[ Whj_ijWi gk[ j_[d[ bW fhel_dY_W" bW [dj_ZWZ ]k# X[hdWc[djWb WfeoŒ W ') fheo[Y# jei gk[ jhW`[hed W Jkd]khW^kW '(& ZŒbWh[i$ ;d [ijW eYWi_Œd" bW Z_h[YY_Œd Z[b C_d_ij[h_e Z[ 9kbjkhW" ^WY[ kd bbWcWZe W bei Whj_ijWi fWhW gk[ fh[i[dj[d iki fhefk[ijWi [d bei |cX_jei Z[ WkZ_el_ikWb" Whj[i b_j[hWh_Wi" Whj[i [iYƒd_YWi"
Whj[i cki_YWb[i" Whj[i l_ikWb[i" Z_i[‹e Z[ f|]_dWi m[X o ckbj_# Z_iY_fb_dWh_Wi$ Bei _dj[h[iWZei fk[Z[d WY[h# YWhi[ W bWi eĂ’Y_dWi Z[ bW Z_h[Y# Y_ÂŒd kX_YWZWi [d bW Wl[d_ZW Bei I^_h_i o fWiW`[ Bk_i 9ehZ[he e c_hWh bW f|]_dW m[X mmm$c_# d_ij[h_eZ[YkbjkhW$]eX$[Y" fWhW YedeY[h bWi XWi[i Z[ bW Yedle# YWjeh_W$
#-#. Ĺ‹")3 /#- *#( " KdW Z[ bWi fWhhegk_Wi gk[ fh[i[djW c[`eh WYj_l_ZWZ [d YkWdje Wb Yec[hY_e [i Gk_iW# f_dY^W" fk[i dWY_edWb [ _dj[h# dWY_edWbc[dj[ i[ YedeY[ gk[ Z[ Wbb‡ fhel_[d[d bei c[`eh[i Whj‡Ykbei o fh[dZWi Z[ l[ij_h \WXh_YWZWi [d Yk[he$ BW Wl[d_ZW fh_dY_fWb o bW fbWpW ]hWdZ[ Wb \h[dj[ Z[ bW _]b[i_W fWhhegk_Wb" [ij|d h[# fb[jWi Z[ Yec[hY_Wdj[i gk[ e\[hjWd Wb c[`eh fh[Y_e iki fheZkYjei$ 9Whj[hWi" Y^ec# fWi" ced[Z[hei" Yehh[Wi" X_# bb[j[hWi" W][dZWi o pWfWjei ied lWh_ei Z[ bei Whj‡Ykbei gk[ i[ fk[Z[ [dYedjhWh W jeZe fh[Y_e$ BW fWhWZW Z[ Xk# i[i gk[ i[ Z_h_][d W [ij[ i_j_e i[ [dYk[djhW W feYei fWiei Z[ bW FbWpW 9ebÂŒd" [b Yeije Z[b fWiW`[ [i )& Y[djWlei o jWhZW )& c_dkjei [d bb[]Wh$
Ŋ Ŋ Ŋ Ŋ ĔŊ Ŋ Ŋ Ŋ ĔŊ Ŋ Ŋ Ŋ ē
Ä…
Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
,)') #š(Ĺ‹ ./,v-.# Ĺ‹ Ĺ‹ #- & )Ĺ‹ >eo W fWhj_h Z[ bWi &/0&&" [d [b FWhgk[ Fhel_dY_Wb Z[ BW <Wc_b_W" i[ Z[iWhhebbWh| ĂˆBW ;nfe <[h_W J_iWb[eÉ" WYj_l_ZWZ ZedZ[ i[ ZWh| W YedeY[h W bW Yeb[Yj_l_ZWZ be c[`eh Z[ bW Wh# j[iWd‡W" YkbjkhW" jhWZ_Y_ed[i o ]Wijhedec‡W Z[ [ij[ YWdjÂŒd Z[ Jkd]khW^kW$ ;b eX`[j_le [i fheceY_e# dWh bWi Z_\[h[dj[i WYj_l_ZW# Z[i [YedÂŒc_YWi gk[ fei[[ [ij[ YWdjÂŒd1 WZ[c|i Z[ ZWh W YedeY[h W bW Y_kZWZWd‡W o jkh_ijWi" bei bk]Wh[i jkh‡ij_Yei ZedZ[ fk[ZWd WYkZ_h o fWiWh [d \Wc_b_W$ :[djhe Z[ bW \[h_W i[ [n# ^_X_h| kdW Wcfb_W ]WcW Z[ fheZkYjei Yece0 ]k_jWhhWi Z[ `k]k[j[" Ye\h[i Z[ cWZ[hW" YWbpWZe Z[ ^ecXh[ o ck`[h" `[Wdi" jkhhed[i Z[ c_[b Z[ WX[`W" cehW o \h[iWi [d jWhh_# dWi" [b h_Ye Y^eYebWj[ [d jWXb[# jW" gk[iei o oe]kh[i$ ;b f‘Xb_Ye Wi_ij[dj[ feZh| Wfh[Y_Wh bW c‘i_YW WkjÂŒYjedW Z[b i[Yjeh o h[Y_X_h|d _d\eh# cWY_ÂŒd ieXh[ bei WjhWYj_lei jkh‡ij_Yei" [djh[ bei gk[ i[ Z[ijWYW0 ;b Y[hhe Fk‹Wb_YW" FWcfWi Z[ IWbWiWYW" BW]kdWi Z[ 9WYWfÂŒd o bW [nYkhi_ÂŒd Wb 9Wh_^kW_hWpe$ ;b i[Yjeh fheZkYj_le Z[b YWdjÂŒd _dl_jW W bW Yeckd_ZWZ W gk[ Wi_ijW Wb FWhgk[ Fhel_d# Y_Wb Z[ BW <Wc_b_W o Z_i\hkj[ Z[ kd Z‡W [d \Wc_b_W" [d Zed# Z[ feZh|d WZgk_h_h fheZkY# jei ^[Y^ei Yed cWdei jkd]k# hW^k[di[i$
,)') #)( (Ĺ‹/(Ĺ‹ )(!, -)Ĺ‹ Ĺ‹ #(!&Z-Ĺ‹ (Ĺ‹ ' .)Ĺ‹ 9ed [b W\|d Z[ \ehjWb[Y[h [b _Z_ecW _d]bƒi [d bei ZeY[d# j[i o [ijkZ_Wdj[i" bW Fedj_Ă’ # Y_W Kd_l[hi_ZWZ 9WjÂŒb_YW Z[b ;YkWZeh I[Z[ 7cXWje Fk# Y[iW " fWhW [b '. o '/ Z[ cWh# pe Z[iWhhebbWh| [b Ăˆ9ed]h[ie fWhW Fhe\[ieh[i Z[ ?d]bƒi Fk# Y[iW (&''É$ BW WYj_l_ZWZ i[ h[Wb_pWh| [d [b YWcfki Z[ bW kd_l[hi_# ZWZ" bWi _diYh_fY_ed[i i[ h[# Y[fjWh|d ^WijW [b '- Z[ cWhpe [d bW ;iYk[bW Z[ B[d]kW`[i$ ;b Yeije Z[ bW _diYh_fY_ÂŒd [i Z[ *& ZÂŒbWh[i$
Ďć
Ŋ "#Ŋ!48#2Ŋ/ 13(!(/ 1.-Ŋ #-Ŋ+ Ŋ! / !(3 !(¢-ē2
ćĉ Ŋ
"¢+ 1#2Ŋ#2Ŋ#+Ŋ ,.-3.Ŋ"#+Ŋ!1_"(Ĺ 3.Ŋ/ 1 Ŋ+.2Ŋ/1.Ĺ "4!3.1#2ēŊ
¥ ēŊ -23 -3#2Ŋ#-Ŋ04#Ŋ 1!#+.Ŋ -.3. Ŋĸ/(#ĚĔŊ"(1#!3.1Ŋ"#Ŋ+ Ŋ 4-"#!(3ĔŊ" Ŋ+ Ŋ (#-5#-(" Ŋ Ŋ+.2Ŋ/1."4!3.1#2Ŋ/ 13(!(/ -3#2ēŊŊ
* #. (Ĺ‹ (Ĺ‹*,) / #š(Ĺ‹3Ĺ‹ )' , #  #š(Ĺ‹ Ĺ‹ /3 42! -ĹŠ(-!#-3(5 1ĹŠ ĹŠ/1."4!3.1#2ĹŠ"#ĹŠ -(, +#2ĹŠ,#-.1#2ĹŠ / 1 ĹŠ04#ĹŠĹŠ$.1,#-ĹŠ 242ĹŠ,(!1.#,/1#2 2Ä“ BW cW‹WdW Z[ Wo[h" [d bWi _dijW# bWY_ed[i Z[b ?dij_jkje J[YdebÂŒ]_# Ye Ikf[h_eh 8eb‡lWh" i[ Z[iWhhebbÂŒ [b jWbb[h Z[ ĂˆFheZkYY_ÂŒd o 9ec[h# Y_Wb_pWY_ÂŒd Z[ 9ko[iÉ" Z_h_]_Ze W bei fheZkYjeh[i Z[ bei Z_\[h[dj[i YWdjed[i Z[ bW fhel_dY_W$ ;ijW WYj_l_ZWZ [ijkle Z_h_]_ZW feh bW <kdZWY_ÂŒd 9ehfehWj_lW Z[ :[iWhhebbe 9Wcf[i_de [ ?dZ‡][# dW Z[ Jkd]khW^kW <kdZ[Y_j o bW 9eef[hWj_lW Z[ 7^ehhe o 9hƒ#
Z_je Ăˆ9khoyWdÉ$ ;b fhefÂŒi_je [i YWfWY_jWh W fheZkYjeh[i Z[ Yko[i gk[ Z[i[[d c[`ehWh bW fheZkYY_ÂŒd Z[ Wd_cW# b[i c[deh[i" Yed bW Ă’ dWb_ZWZ Z[ \ehcWh kdW h[Z Z[ fheZkYjeh[i Z[ Yko[i Yed kdW l_i_ÂŒd [cfh[# iWh_Wb$ CWhY[be CWdejeW" Z_h[Yjeh Z[ bW <kdZ[Y_j" cWd_\[ijÂŒ gk[ [d bW fhel_dY_W i[ ^W l_ije YÂŒce [n_i# j[d Wb]kdei fheZkYjeh[i gk[ kj_# b_pWd W iki Wd_cWb[i fWhW ikfb_h bW d[Y[i_ZWZ [YedÂŒc_YW e Z[ bW Wb_c[djWY_ÂŒd \Wc_b_Wh1 f[he W^e# hW be gk[ i[ XkiYW [i _cfkbiWh bW l_i_ÂŒd Z[ [ij[ i[Yjeh fWhW gk[ j[d]W hƒZ_jei [YedÂŒc_Yei jeZW bW \Wc_b_W$ EjhW Z[ bWi fhefk[ijWi [i [l_# jWh gk[ [n_ijW kdW ieXh[feXbW# Y_ÂŒd [d bW Y_kZWZ" fehgk[ ^Wo
YWiei Z[ YWcf[i_dei [ _dZ‡][dWi gk[ fh[\_[h[d XkiYWh c[`eh[i Z‡Wi o [c_]hWd W ejhWi Y_kZWZ[i o gk[ c[`eh ZWhb[i bW efehjkd_ZWZ Z[ j[d[h iki fhef_ei d[]eY_ei$ CWdejeW i[‹WbÂŒ gk[ W jhWlƒi - ĹŠ5#9ĹŠÄƒĹŠ- +(9 ".ĹŠ#+ĹŠ!412.ĹŠ2#ĹŠ Z[ bW \kdZWY_ÂŒd i[ ^W ][d[hWZe $.1, 1;ĹŠ+ ĹŠ1#"ĹŠ"#ĹŠ/1."4!!(¢-ĹŠ".-"#ĹŠ kdW fhefk[ijW Wb =eX_[hde DW# 2#ĹŠ!.,#-9 1;ĹŠ!.-ĹŠ+ ĹŠ$.1, !(¢-ĹŠ"#ĹŠ Y_edWb" ZedZ[ i[ ieb_Y_jW h[Ykhiei 5 1(.2ĹŠ-#%.!(.2ĹŠ!.,.Ä–ĹŠ1#23 41 -Äą [YedÂŒc_Yei c[Z_Wdj[ [b 8WdYe 3#2ĔŊ$1(%.1~ÄƒĹŠ!.2ĔŊ!.,#1!( +(9 !(¢-ĹŠ DWY_edWb Z[ <ec[dje fWhW gk[ "#ĹŠ!48#2ĔŊ#-31#ĹŠ.31.2ĹŠ 2/#!3.2ĹŠ W jhWlƒi Z[ bW Yeef[hWj_lW" i[ [d# /1."4!3(5.2Ä“ jh[]k[d YhƒZ_jei W XW`ei _dj[h[# i[i fWhW bei fheZkYjeh[i gk[ i[ fWhW bW YecfhW Z[ Wd_cWb[i" ]Wb# YWfWY_jWd Wb cec[dje$ fed[i" Wb\Wb\W" [djh[ ejhei$ BW _dij_jkY_ÂŒd Yk[djW Yed jƒYd_Yei [if[Y_Wb_pWZei [d W]he# 1./4#23 ĹŠ#,/1#2 1( +ĹŠ 9WZW kde Z[ bei fheZkYjeh[i dec‡W" peej[Yd_ijW" [Yedec_ijW" h[Y_X_h|d bW YWfWY_jWY_ÂŒd o Wi_i# [djh[ ejhei1 fWhW gk[ Z[d bWi YW# j[dY_W jƒYd_YW d[Y[iWh_W [d bW fWY_jWY_ed[i d[Y[iWh_Wi W bei c_# fheZkYY_ÂŒd Z[ Yko[i fWhW bk[]e Yhe [cfh[iWh_ei$ Yec[dpWh W [djh[]Wh bei YhƒZ_jei
+ĹŠ;, (3.ĹŠ .!4/ !(.- +ĹŠ Ĺ—ĹŠ
& (.)Ĺ‹ ' . ˜)Ĺ‹0# $ Ĺ‹ &Ĺ‹ 2. ,#),Ĺ‹ )(Ĺ‹-/Ĺ‹'Ă„-#
Ŋ 23 Ŋ %14/ !(¢-Ŋ , 3# Ŋ2#Ŋ/1#/ 1 Ŋ/ 1 Ŋ24Ŋ%(1 Ŋ,42(! +Ŋ#-Ŋ +.2Ŋ 23 ".2Ŋ -(".2ē
ĂˆFkhWi c[dj_hWiÉ" Ăˆ7ceh X_[d ^[# Y^eÉ" C[ [cXehhWY^e feh [bbW o bW C[]W 8WdZW" ied fWhj[ Z[ bei j[cWi _dYbk_Zei [d [b lebkc[d dk[l[ Z[ bW \WYjeh‡W Z[b ƒn_je ĂˆBei C[diW`[heiÉ o gk[ i[h|d fhece# Y_edWZei [d bW ]_hW W ;ijWZei Kd_Zei fWhW bei c[i[i Z[ `kb_e o W]eije Z[b fh[i[dj[ W‹e$ ;ij[ dk[le cWj[h_Wb Z_iYe]h|# Ă’ Ye Yedj_[d[ ') j[cWi cki_YWb[i" gk[ i_d ZkZW i[h|d Z[b W]hWZe Z[b f‘Xb_Ye [d [if[Y_Wb Z[ bei [c_]hWdj[i gk[ i[ [dYk[djhWd [d [b fW‡i Z[b dehj[$ 7 iki '* W‹ei Z[ jhWo[Yjeh_W Whj‡ij_YW" [ijW W]hkfWY_ÂŒd Z[ i_[# j[ _dj[]hWdj[i WcXWj[‹ei ^Wd _Ze ]WdWdZe ƒn_je o [iYWbWdZe
fei_Y_ed[i [d bWi Z_\[h[dj[i [i# jWY_ed[i hWZ_Wb[i Z[ bW beYWb_ZWZ" Yece W [iYWbW dWY_edWb$ 9Whbei JkWfWdjW" _dj[]hWdj[ Z[b ]hkfe" cWd_\[ijÂŒ gk[ jeZei bei Whh[]bei o ]hWXWY_ed[i cki_# YWb[i \k[hed ^[Y^ei [d Yed`kdje Yed <beh[i H[YehZi [d ;ijWZei Kd_Zei o gk[ W^ehW i[h|d fhe# ceY_edWZei [d Z_Y^e fW‡i$ :[djhe Z[ bei fheo[Yjei Z[ bW W]hkfWY_ÂŒd" fWhW bei fhÂŒn_cei c[i[i [ij| bW ]hWXWY_ÂŒd Z[b le# bkc[d '& Z[ ĂˆBei C[diW`[heiÉ" ZedZ[ _dYbk_h|d j[cWi _dƒZ_jei Z[b ]hkfe" XWiWZei [d ^_ijeh_Wi l_l_ZWi feh bei [c_]hWdj[i [YkW# jeh_Wdei$
Ä’ ( Ĺ‹Ăł),Ĺ‹ (Ĺ‹./Ĺ‹0 (. ( Ä“Ä…Ĺ‹ '/3Ĺ‹ # v #&Ĺ‹& Ĺ‹. , Ĺ‹ Ĺ‹ & !#,
.1ĹŠ+ ĹŠ! +(" "ĹŠ"#ĹŠ+.2ĹŠ / 13(!(/ -3#2ĹŠ"#+ĹŠ !.-!412.ĹŠ#+ĹŠ)41 ".ĹŠ ĂŒ-ĹŠ-.ĹŠ"#!("#ĹŠ04(_-ĹŠ 2#1;ĹŠ#+ĹŠ% - ".1Ä“ĹŠ
BW Yh[Wj_l_ZWZ Z[ bei YedYkh# iWdj[i [d [ij[ W‹e ieXh[fWiÂŒ bWi [nf[YjWj_lWi" jWdje gk[ [b `khWZe YWb_Ă’YWZeh W‘d de fk[Z[ ZWh bei decXh[i Z[ bWi f[hiedWi gk[ ]W# dWhed bei fh[c_ei Z[b YedYkhie ĂˆKdW Ă“eh [d jk l[djWdWÉ$ BWi \Wc_b_Wi" XWhh_ei" Ye# c[hY_Wdj[i [ _dij_jkY_ed[i gk[ fWhj_Y_fWhed [d bWi YWj[]eh‡Wi Z[ `WhZ_d[i" XWbYed[i" XWhh_ei o l_jh_dWi ceijhWhed jeZe ik fe# j[dY_Wb Wb cec[dje Z[ WZehdWh bei bk]Wh[i Yed Ă“eh[i o \hkjWi$ BW l_i_jW Z[b `khWZe YWb_Ă’YW# Zeh W jeZei bei fWhj_Y_fWdj[i i[ h[Wb_pÂŒ [b )" * o + Z[ cWhpe" \[# Y^Wi [d bWi gk[ i[ Z_l_Z_[hed [d [gk_fei o [d YWZW i_j_e i[ YWb_Ă’YÂŒ bW YWb_ZWZ Z[b Z_i[‹e" bW YWdj_ZWZ Z[ Ă“eh[i o \hkjWi gk[ i[ kj_b_pW# hed" o [b _cfWYje gk[ YWkiWhed [d bWi f[hiedWi gk[ bei l[‡Wd$ <WXkbeiei fh[c_ei FWhW YWZW YWj[]eh‡W XWbYe# d[i" `WhZ_d[i o l_jh_dWi ^Wo jhe# \[ei gk[ i[ [djh[]Wh|d Wb fh_c[#
Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ć
ĹŠ
Âľ7 ZÂŒdZ[ _h ^eo5 43 ĹŠ"#ĹŠ+ ĹŠ!4+341 #-ĹŠ#+ĹŠ! -3¢-ĹŠ 4#1.
;b fWhgk[ BWXhWZeh" bW _]b[# Ĺ—i_W" fWhgk[ Y[djhWb" bW Ă’dYW Z[
Ä“ĹŠ 23.2ĹŠ31.$#.2ĹŠ#23;-ĹŠ ĹŠ+ ĹŠ#2/#1 ĹŠ"#ĹŠ3#-#1ĹŠ"4#Â .ĹŠ#-ĹŠ#23#ĹŠ Â .Ä“ĹŠ 23 ĹŠ2#, - ĹŠ2#ĹŠ" 1;-ĹŠ ĹŠ!.-.!#1ĹŠ+.2ĹŠ1#24+3 ".2Ä“
he" i[]kdZe o j[hY[h bk]Wh$ ;d YWcX_e fWhW bei XWhh_ei" [b fh[c_e [i c|i ]hWdZ[" oW gk[ i[ gk_[h[ _dY[dj_lWh bW kd_ZWZ Z[ bei l[Y_dei1 feh [bbe [b Ckd_# Y_f_e Z[ 7cXWje [djh[]Wh| )" + o '& c_b ZÂŒbWh[i [d eXhWi ckd_# Y_fWb[i Wb j[hY[h" i[]kdZe o fh_# c[h bk]Wh$ Bei h[ikbjWZei i[ YedeY[h|d [d [b jhWdiYkhie Z[ [ijW i[cW# dW o Wb fhe]hWcW Z[ [djh[]W Z[ fh[c_ei i[ YedleYWh| efehjk# dWc[dj[$
2Ŋ#-3(" "#2Ŋ .1% -(9 ".1 2 Ŋ ( 1(.Ŋ Ŋ .1 ĔŊ 4-(!(/(.Ŋ"#Ŋ , 3.ĔŊ -(5#12(" "Ŋ _!-(! Ŋ"#Ŋ , 3.ĔŊ ŗ (-(23#1(.Ŋ"#Ŋ %1(!4+341 Ŋ - "#1~ Ŋ !4 !4+341 Ŋ8Ŋ #2! Ŋĸ ĚĔŊ .,(3_Ŋ
#1, -#-3#Ŋ"#Ŋ+ Ŋ (#23 Ŋ"#Ŋ+ Ŋ 143 Ŋ8Ŋ"#Ŋ+ 2Ŋ +.1#2ĔŊ +4 Ŋ"#Ŋ 1"(-#1~ Ŋ , 3.ĔŊ ;, 1 Ŋ"#Ŋ .,#1!(.Ŋ"#Ŋ , 3.Ŋ8Ŋ ;, 1 Ŋ"#Ŋ 41(2,.Ŋ"#Ŋ , 3.ĔŊ$4#1.-Ŋ+ 2Ŋ #-3(" "#2Ŋ04#Ŋ.1% -(9 1.-Ŋ#23#Ŋ!.-!412.Ŋ!(4" "ē
' # ,6(Ĺ‹&)-Ĺ‹- '6 ),)-Ĺ‹ (Ĺ‹& Ĺ‹ 0 &&)7dj[ bW _dgk_[jkZ Z[ bWi f[hiedWi ieXh[ bWi lWh_bbWi [d [b ik[be Z[ lW# h_Wi [igk_dWi Z[ bW Wl[d_ZW 9[lW# bbei" gk[ YWkiWhed cWb[ijWh [d bei jhWdi[‘dj[i" Wo[h i[ YedijWjÂŒ gk[ [ijWi i[hl_h|d fWhW bW YebeYWY_ÂŒd Z[ bei dk[lei feij[i Z[ bei i[c|# \ehei gk[ i[ kX_YWh|d [d [ijW jhWd# i_jWZW Whj[h_W$ Æ;ijei dk[lei i[c|\ehei c[#
`ehWh|d bW _cW][d Z[ bW Y_kZWZ" fk[i bei gk[ [n_ij[d [ij|d kd feYe cWbjhWjWZei o [i cko Xk[dW bW _Z[W Z[ i[]k_hdei ceZ[hd_pWd# ZeÇ" Yec[djÂŒ 7Zh_|d DWlWhh[j[" jhWdi[‘dj[$ :[ be gk[ i[ fkZe eXi[hlWh" '& feij[i Z[ [ij[ j_fe oW i[ ^Wd Yebe# YWZe" o iebWc[dj[ [if[hWd bW _di# jWbWY_ÂŒd Z[ bei i[c|\ehei$
fbWdjWY_Œd Z[ kl_bbW" bWi \|Xh_# YWi Z[ ^[bWZei" o bW \WXh_YW# Y_Œd Z[ bei fedY^ei Z[ bWdW Z[ Xehh[]e" ied bei fh_dY_fWb[i WjhWYj_lei Z[ Gk[he$ L_i_jWdZe [ijei WjhWYj_lei ki# j[Z feZh| YedeY[h c|i ieXh[ bWi jhWZ_Y_ed[i o bW YkbjkhW gk[ j_[d[ [ij[ YWdjŒd$ 7Z[c|i [ij[ X[bbe bk]Wh" feh iki Wcfb_ei [ifWY_ei fWhW bW W]h_YkbjkhW" fh[i[djW fWhW`[i ^[hceiei ZedZ[ i[ fk[Z[ eXi[hlWh bWi i_[cXhWi Z[ fheZkYjei$ 7b bb[]Wh jWcX_ƒd fk[Z[ fh[]kdjWh YŒce bb[]Wh W bW 9WiYWZW Z[ @kd @kd" gk[ e\h[# Y[ kdW _cfWYjWdj[ _cW][d Z[ bW dWjkhWb[pW$
31 !3(5.2ĹŠĹŠ #-ĹŠ (2 +#.
Ĺ—
7b i[h kd YWdjŒd d[jWc[dj[ Z[ fheZkYY_Œd W]h‡YebW" J_iWb[e e\h[Y[ lWh_[ZWZ Z[ fW_iW`[i dWjkhWb[i Z_]dei Z[ YedeY[h" fk[i j_[d[ i_j_ei ‘d_Yei gk[ _d# l_jWd Wb jkh_ijW W gk[ iebWc[dj[ Z_i\hkj[$ ;b 9Wh_^kW_hWpe e\h[Y[ lWh_Wi Z_ijhWYY_ed[i" Wb j[d[h kd i[dZ[he [YebŒ]_Ye _dl_jW W gk[ i[ h[Wb_Y[d YWc_dWjWi" [iYWbWZW o YWcf_d]$ ;b Y[hhe Fk‹Wb_YW [i ejhe bk]Wh gk[ fk[Z[ l_i_jWh" jWcX_ƒd e\h[Y[ _cfh[i_edWdj[i fW_iW`[i Z[ bW dWjkhWb[pW [d ik c|n_cW [nfh[i_Œd$ I_ Z[Y_Z[ l_i_jWh [ij[ bk]Wh" b[ h[Yec[dZWcei gk[ bb[l[ hefW YŒceZW o WXh_]WZW$
;if$ FWjh_Y_e 7bXWd JeXWh 7Xe]WZe
.3.!(!+(23 ĹŠ#-ĹŠ5#1#" +ĹŠ/ 1#!#1ĔŊ ĹŠ#23#ĹŠ,.3.!(!+(23 ĹŠ2#ĹŠ+#ĹŠ.+5("¢Ŋ04#ĹŠ+ 2ĹŠ5#1#" 2ĹŠ2.-ĹŠ/ 1 ĹŠ +.2ĹŠ31 -2#ĂŒ-3#2ĹŠ8ĹŠ-.ĹŠ/ 1 ĹŠ04#ĹŠ!(1!4+#-ĹŠ+ 2ĹŠ,.3.2ĔŊ8 ĹŠ04#ĹŠ/4#"#-ĹŠ ! 42 1ĹŠ +%ĂŒ-ĹŠ3(/.ĹŠ"#ĹŠ !!("#-3#Ä“ĹŠ +ĹŠ"#3 ++#ĹŠ2#ĹŠ! /3¢Ŋ#-ĹŠ+ 2ĹŠ! ++#2ĹŠ 4!1#ĹŠ 8ĹŠ #1 Ä“
9eckd_YW W iki Yb_[dj[i" feh _dl_jWY_ÂŒd o h[fh[i[djWY_ÂŒd Z[b ?979> l_W`Wh| W 7h][dj_dW W Z_YjWh Yed\[h[dY_W [d I[c_dWh_e Z[ :[h[Y^e F[dWb o FheY[iWb F[dWb Z[b '- Wb (& Z[ [ij[ c[i$ ÄŻÄƒÄ€ÄƒĂ˝Ăż
9?D;C7HA
§ ć 0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ŋ3.".Ŋ+.Ŋ04#Ŋ ' %;(2ĔŊ' !#Ĺ "+.Ŋ"#Ŋ!.1 Ĺ 9¢-ĔŊ!.,.Ŋ/ 1 Ŋ#+Ŋ # .1Ŋ8Ŋ-.Ŋ/ 1 Ŋ+.2Ŋ '., 1#2Ģē
Ŋ5#!#2Ŋ /."#,.2Ŋ 2#15(1-.2Ŋ"#Ŋ +%.Ŋ 4#-.Ŋ!.,.Ŋ "#Ŋ4-Ŋ, +ĔŊ.Ŋ"#Ŋ +%.Ŋ, +.Ŋ!.,.Ŋ "#Ŋ4-Ŋ (#-Ģē
ĹŠÄŠÄ–Ä‰Ä‡ÄąÄ‰ÄŒ
ĹŠ ĹŠ
1."4!3.2ĹŠ#-ĹŠ+.2ĹŠ 1#2
;d eYjkXh[ Z[ (&'& i[ WYjkW# b_pÂŒ [b h[]bWc[dje gk[ h[]kbW bW YWb_ZWZ Z[ bei Wb_c[djei gk[ i[ [nf[dZ[d [d bei XWh[i [iYebWh[i" fWhW ]WhWdj_pWh kdW Wb_c[djWY_ÂŒd dkjh_j_lW o ieX[hWdW [d bWi d_‹Wi" d_‹ei o WZeb[iY[dj[i$ ;b h[]bWc[dje i[ WcfWhW [d [b 7hj$ ', Z[ bW B[o Eh]|d_YW Z[ bW IWbkZ gk[ Z_ifed[ [ijW# Xb[Y[h kdW feb‡j_YW Z[ ;ijWZe _dj[hi[Yjeh_Wb Z[ i[]kh_ZWZ Wb_c[djWh_W o dkjh_Y_edWb gk[ fhef[dZW j[hc_dWh Yed bei cWbei ^|X_jei Wb_c[dj_Y_ei o ]WhWdj_pWh W bWi f[hiedWi [b WYY[ie f[hcWd[dj[ W Wb_c[d# jei iWdei" lWh_WZei" dkjh_j_# lei" _deYkei o ikĂ’ Y_[dj[i$ 9ed [b YWcX_e Z[ cWbei ^|X_# jei Wb_c[dj_Y_ei i[ [if[hW fh[# l[d_h [d\[hc[ZWZ[i eYWi_edW# ZWi feh bW cWbW Wb_c[djWY_ÂŒd" Yece0 eXi[i_ZWZ" Z_WX[j[i" [d\[hc[ZWZ[i Y[h[Xhe lWiYk# bWh[i o Z[b YehWpÂŒd$ FWhW ieY_Wb_pWh [b h[]bWc[dje i[ [cfh[dZ[ kdW YWcfW‹W Z[ YWfWY_jWY_ÂŒd W bei Zk[‹ei Z[ XWh[i [iYebWh[i o fhe\[ieh[i Z[ bWi _dij_jkY_ed[i [ZkYWj_# lWi$ 7YjkWbc[dj[ i[ ^W Yk# X_[hje [b +& Z[ bWi kd_ZWZ[i [ZkYWj_lWi Ă’ iYWb[i" W d_l[b dWY_edWb$ Bk[]e Z[ bW [jWfW Z[ ieY_Wb_pWY_ÂŒd i[ fheY[Z[h| W bW Z[ ced_jeh[e o [lWbkWY_ÂŒd$ %#-!( ĹŠ #/.13#
™ ŋŋ ŋŋ
?dZeYkc[djWZWi o i_d h[Ykhiei [YedÂŒc_Yei fWhW Yeij[Whi[ kd fWiW`[" c_b[i Z[ f[hiedWi gk[ jhWXW`WXWd [d B_X_W ^Wd j[d_Ze gk[ WYWcfWh Z[ cWd[hW _cfhel_iWZW [d i_j_ei Yece bWi _dc[# Z_WY_ed[i Z[b W[hefk[hje Z[ Jh‡feb_" ebl_ZWZei feh bei ]eX_[hdei Z[ iki fW‡i[i o [d YedZ_Y_e# d[i fh[YWh_Wi" i_d Yec_ZW" W]kW e Wi_ij[dY_W Z[ d_d]‘d j_fe$ BW Eh]Wd_pWY_ÂŒd ?dj[hdWY_edWb fWhW bWi C_]hWY_ed[i E?C h[YedeY_ÂŒ gk[ Æde ^W j[d_Ze ƒn_jeÇ [d be]hWh [b WYY[ie W [ijWi ][dj[i o gk[ i[ d[Y[i_jW [ijWXb[Y[h kd ÆYehh[Zeh [if[Y_WbÇ fWhW [lWYkWhbWi$ BW EDK ieij_[d[ gk[ c|i Z[ (+&$&&& Y_k# ZWZWdei ^Wd ^k_Ze ^WY_W fW‡i[i l[Y_dei Z[iZ[ [b Yec_[dpe Z[ bW h[lk[bjW YedjhW CkWcWh Wb =WZW\_ W c[Z_WZei Z[ \[Xh[he$ 9|bYkbei cko Yedi[hlWZeh[i i[‹WbWd gk[
kdei ')-$*&& ^Wd YhkpWZe W J‘d[p" '&-$+&& W ;]_fje" +$*&& W 7h][b_W o ($(&& W D‡][h$ CkY^ei Z[ bei h[\k]_WZei [ij|d kX_YWZei [d YWcfWc[djei [d bWi pedWi \hedj[h_pWi o jeZe _dZ_YW gk[ bW Y_\hW i[ Zkfb_YWh| [d bei fhŒn_# cei Z‡Wi$ >Wo [iYWiW _d\ehcWY_Œd ieXh[ be gk[ eYkhh[ Z[djhe Z[ |h[Wi Z[ B_X_W YedjhebWZWi feh bWi \k[hpWi Z[ =WZW\_" f[he i[ YedeY[ gk[ jh[i YkWhjei Z[b fW‡i f[hcWd[Y[d W_ibWZei Z[ Wi_ij[dY_W$ CkY^ei Z[ [ijei Z[ifbWpWZei [ij|d ik\h_[d# Ze WXkiei o l_eb[dY_W$ E ck[h[d feh bWi XWbWi e Z[ \‡i_YW ^WcXh[$ O gk_[d[i de ^Wd ^k_Ze de i[ Wjh[l[d W iWb_h Z[ iki YWiWi feh c_[Ze W i[h l_Yj_c_pWZei$ DWZ_[ bei WokZW$ 7 dWZ_[ b[i _cfehjWd$ BWi fej[dY_Wi Z_iYkj[d i_ hecf[d e de Yed [b 9ehed[b$ ;i gk[ lWb[ c|i kdW ]ejW Z[ f[jhŒb[e gk[ kdW Z[ iWd]h[$
(-#3#ĹŠ"#ĹŠ ';5#9
;b [nYWdY_bb[h :_[]e FWh[Z[i [d h[\[h[dY_W W bW Yh_i_i [d B_X_W" Z_`e gk[ ÆbW _d_Y_Wj_lW Z[b Z_YjWZeh >k]e 9^|l[p" [i kdW _d_Y_Wj_lW WXehjWZWÇ$ 9^|l[p ^W fhefk[ije" W dec# Xh[ Z[ bW 7bXW" \ehcWh kdW Yec_i_ÂŒd fWhW gk[ l[h_Ă’ gk[ be eYkhh_Ze [d B_X_W$ FWh[Z[i [nfh[iÂŒ gk[ bW _d_Y_Wj_lW Z[ 9^|l[p de j_[d[ \kjkhe o gk[ bW ‘d_YW l|b_ZW [i bW fhefk[ijW Z[b 9edi[`e Z[ I[]kh_ZWZ Z[ bWi DWY_ed[i Kd_ZWi Z[ Yh[Wh kd Yehh[Zeh Wƒh[e Yed Ă’ d[i ^kcWd_jWh_ei$ ;i bW ef_d_ÂŒd Z[ kd Y_kZWZWde gk[ Yedi_Z[hW _dWZ[YkWZW bW WYj_jkZ feb‡j_YW Z[ 9^|l[p$ #+# , 9.- 2 ĹŠ ĹŠ ĹŠ Ä– ! 13 2 +"(1#!3.1Äž+ '.1 Ä“!.,Ä“#! 2(++ ĹŠÄˆÄ?ĈÄ?Ä‰ÄŒÄŠĹŠ ĹŠ.ĹŠ!4 +04(#1 ĹŠ "#ĹŠ-4#231 2ĹŠ %#-!( 2Ä“ #04(2(3.2Ä–ĹŠ ., 1#2ĹŠ8ĹŠ /#++(".2ĹŠ!.,/+#3.2Ä—ĹŠ-ĂŒ,#Äą 1.ĹŠ"#ĹŠ _"4+ Ä—ĹŠ3#+_$.-.ĹŠÄ¸ÄƒĹŠ).ĚėŊ"(1#!!(¢-ĹŠ".,(!(+( 1( ĹŠ .ĹŠ"#ĹŠ31 ).ĹŠ8ĹŠ!.11#.ĹŠ#+#!31¢-(!.Ä“
: ĹŠ ĹŠ ÂĄ
') , # Ĺ‹Ĺ‹ )&š!# C[ d[]kƒ" lWh_Wi l[Y[i" W YedeY[h [b ÆFWhgk[ Z[ bW <Wc_b_WÇ [d FWbWcW0 f[iWXW c|i gk[ bW Ykh_ei_ZWZ [b h[Yk[hZe Z[ bWi Y^WhbWi ^_ijÂŒ# h_Ye#[hÂŒj_Ye#YkbjkhWb[i Z[ @W_c[ J_dW`[he" iWbf_YWZWi Z[ Xk[d l_de o Wc_ijWZ" ^WijW gk[ Z[ bW cWde Z[ c_ d_[jW DWec_ \k_ W [d\h[djWh bei \WdjWicWi _d i_jk" iebe fWhW Z[iYkXh_h gk[ [b Fh[\[Yje o iki jƒYd_Yei" ^WX‡Wd jhWdi\ehcWZe kdW ^WY_[dZW Z[Yhƒf_jW [d ^[h# ceie XWbYÂŒd [YebÂŒ]_Ye" f[he" ieXh[ jeZe" Z[ceYh|j_Ye$ ;b fk[Xbe bbWde
o i[dY_bbe0 YWcf[i_dei" XkhŒYhW# jWi" Whj[iWdei" Z_i\hkjWdZe `kdjei" [if[hWdpWZei o iedh_[dj[i0 [d kdW cW‹WdW ieb[WZW" [b FWhgk[ Z[ bW <Wc_b_W [i kd l[hZWZ[he c_YheYei# cei Z[ Jkd]khW^kW$ KdW Xk[dW eXhW" Z_d[he [ijWjWb X_[d [cfb[WZe1 ejhe WY_[hje Z[ <[hdWdZe DWhWd`e" [b _d][d_[he gk[ _bkc_dŒ o [d[h# ]_pŒ" ZejŒ Z[ YWhh[j[hWi Z[Y[dj[i" [ _cfkbiŒ fheo[Yjei l_WXb[i Z[ Z[iWhhebbe fWhW bei i[Yjeh[i c|i Z[fh_c_Zei" [d jeZW bW fhel_dY_W" bW YkWb b[ ^W fW]WZe o b[ feZh‡W i[]k_h fW]WdZe Yed ][d[heiWi Yei[Y^Wi Z[ lejei$ ;ijWdZe Yece [ijWcei" WYeijkcXhWZei W eXhWi Z[ c[Z_e f[be" W cWd_jei Z[ ]Wje" YWdY^_jWi" ]hWZ[h‡ei Z[ W f[hhe o YWi_jWi YeckdWb[i gk[ Yed Y_d# Yk[djW l[Y_dei i[ Yedl_[hj[d [d iWkdWi" [b fWhgk[ iehfh[dZ[ feh iki Z_c[di_ed[i" Xk[d ]kije" b_c# f_[pW" Yehj[i‡W o [b fW_iW`[ _d\_d_je gk[ h[Wl_lW [d [b [if‡h_jk [b Wceh feh bW dWjkhWb[pW o feh [b fhŒ`_ce$
F[he de jeZe [i XedZWZ$ >[cei l_ije Z[fh[ZWh #iWYW [d h_ijh[# f[hW# b[i o de]Wb[i" W‘d [d Y_[hd[i" f[he [iW [i ^Wh_dW Z[ ejhe YeijWb" feh# gk[ i[h‡W c[j[hi[ Yed bW hWpW o iki WXec_dWXb[i YeijkcXh[i$ ;ie i‡" ^WY[ \WbjW W ]h_jei kd c_Yhe Xeigk[ Z[ gk_i^kWh[i" f_gk_b[i$ fkcWcW# gk_i" febob[f_i o ejhei |hXeb[i dWj_# lei ÆZ[iYedeY_ZeiÇ$ Âľ;b Z[Yb_l[ Z[ Wb]kdW gk[XhWZW de feZh‡W i[hl_h Yed [i[ \_d fkhWc[dj[ Z_Z|Yj_Ye5 O" feh \Wleh" dWZW Z[ ^ƒhe[i cWY^ei o ^[cXhWi d_ f[hiedW`[i#[ijWjkWi" feh h[if[je Wb bk]Wh" feh ^ec[dW`[ W dWjkhW$ ;b i_]k_[dj[ fWie i[h‡W jhWdi\ehcWh W bei Z[fh[ZWZeh[i [d i[h[i YediY_[dj[i" kiWdZe bWi _dijWbWY_ed[i c[Z_Wdj[ Y^WhbWi" Y_d[" l_Z[ei o c|i Whj_bk]_ei oW gk[ ÆjeZe [b ckdZe f_[diW [d Z[`Wh kd fbWd[jW c[`eh W dk[ijhei ^_`ei" YkWdZe be gk[ Z[X[h‡W f[diWh [i [d Z[`Wh c[`eh[i ^_`ei fWhW dk[ijhe fbWd[jWÇ$
Ä“ĹŠ ĹŠ ^ĹŠ ĹŠ
# .),# Ĺ‹ (. Ĺ‹ .) Ĺ‹. (. #š( ;b ;lWd][b_e i[]‘d IWd CWj[e ?L" ' Ă„ ''" gk[ i[ fheYbWcW [d bW IWdjW C_iW Z[ [ij[ fh_c[h :ec_d]e Z[ 9kWh[icW dWhhW bWi j[djWY_ed[i gk[ iefehjÂŒ @[i‘i Z[ fWhj[ Z[b :_WXbe [d [b Z[i_[hje" Z[ifkƒi Z[ ^WX[h WokdWZe ZkhWdj[ YkWh[djW Z‡Wi Yed iki deY^[i$ ;ijWdZe jWcX_ƒd deiejhei iec[j_Zei W ckY^Wi j[d# jWY_ed[i c_[djhWi l_l_cei [d [ij[ ckdZe" lWb[ bW f[dW gk[ h[\b[n_e# d[cei ieXh[ bW cWd[hW Yed bW gk[ @[i‘i iWb_ÂŒ l_Yjeh_eie Z[ bWi j[djW# Y_ed[i gk[ [d\h[djÂŒ [d [b Z[i_[hje" W \_d Z[ gk[ deiejhei kj_b_pWdZe bei c_icei c[Z_ei o WokZWZei feh bW ]hWY_W Z_l_dW" iWb]Wcei l_Yjeh_eiei Z[ jeZW j[djWY_ÂŒd$ @[i‘i" Z[ifkƒi Z[ ik h_]kheie Wokde Z[ YkWh[djW Z‡Wi o YkWh[djW deY^[i" i_dj_ÂŒ ^WcXh[$ ÆO [b j[djWZeh i[ b[ WY[hYÂŒ o Z_`e0 #I_ [h[i >_`e Z[ :_ei" Z_ gk[ [ijWi f_[# ZhWi i[ Yedl_[hjWd [d fWd[i$ F[he xb b[ Yedj[ijÂŒ Z_Y_[dZe0 #;ij| [iYh_# je0 De iÂŒbe Z[ fWd l_l[ [b ^ecXh[" i_de Z[ jeZW fWbWXhW gk[ iWb[ Z[ bW XeYW Z[ :_eiÇ$ BW h[ifk[ijW Z[ @[i‘i Wb j[djWZeh dei _dl_jW W l_l_h c|i f[dZ_[dj[i Z[ ^WY[h bW lebkdjWZ Z[ :_ei" cWd_\[ijWZW [d ik FWbWXhW" gk[ Z[ fhel[[hdei Yed Z[cWi_WZW ieb_Y_jkZ Z[ bei X_[d[i cWj[h_Wb[i gk[ :_ei c_ice dei Z_if[diWh|" fehgk[ xb iWX[ jeZe YkWdje dei ^WY[ \WbjW$ :[ifkƒi" [b j[djWZeh YedZk`e W @[i‘i ^WijW [b Wb[he Z[b j[cfbe Z[ @[hkiWbƒd o b[ Z_`e0 ÆI_ [h[i >_`e Z[ :_ei" j‡hWj[ WXW`e" feh# gk[ [ij| [iYh_je0 ;dYWh]Wh| W bei |d][b[i gk[ Yk_Z[d Z[ j_ o j[ iei# j[dZh|d [d iki cWdei fWhW gk[ jk f_[ de jhef_[Y[ [d bWi f_[ZhWi$ @[i‘i b[ Z_`e0 ÆJWcX_ƒd [ij| [iYh_je0 De j[djWh|i Wb I[‹eh" jk :_eiÇ$ ;ijW h[ifk[ijW Z[ @[i‘i dei ik]_[h[ gk[ de Z[X[cei f[Z_h c|i c_bW]hei W :_ei gk[ [b gk[ dei YedY[Z[ cWdj[d_ƒdZedei [d bW [n_ij[dY_W Yed bei h[Ykhiei d[Y[iW# h_ei fWhW cWdj[d[hdei Yed iWbkZ o l_ZW$ <_dWbc[dj[" [b j[djWZeh bb[lÂŒ W @[i‘i W kdW cedjW‹W cko [b[lWZW" Z[iZ[ ZedZ[ i[ Z_l_iWXWd jeZei bei h[_dei Z[b ckdZe o b[ Z_`e0 ÆJeZe [ije j[ ZWhƒ i_ j[ feijhWi o c[ WZehWi$ ;djedY[i b[ Z_`e @[i‘i0 #L[j[" IWjWd|i" fehgk[ [ij| [iYh_je0 7b I[‹eh" jk :_ei" WZehWh|i o W xb iÂŒbe ZWh|i YkbjeÇ$
1#2("#-3#ĹŠ !(.- + ĹŠ ĹŠ } (1#!3.1 ĹŠ ĹŠ
"(3.1 ĹŠ #-#1 +
ĹŠ ÂĄ ĹŠ "(3.1ĹŠ #%(.- + ĹŠ "(#/.! ĹŠ Ä“ Ä“ (1#!!(¢-Ä–ĹŠ 4(3.ĹŠÄ‡Ä‰ÄąÄŒÄŽĹŠ#-31#ĹŠ .! $4#13#ĹŠ8ĹŠ .+~5 1 #+_$.-.2Ä–ĹŠĹŠÄ‰ÄŒÄ‰ÄąÄˆÄ?ÄŠÄ‡ĹŠÄľĹŠÄ‰ÄŒÄ‰ÄąÄˆÄ?ÄŠÄˆĹŠÄľ Ä‰ÄŒÄ‰ÄąÄ‰ÄŒÄ‡Ä’ĹŠÄľĹŠÄ‰ÄŒÄ‰ÄąÄ‡ÄŽÄ‰Ä’ĹŠÄľĹŠÄ‰ÄŒÄ‰Ä‡ÄˆÄ’Ä? 7Ä–ĹŠĹŠÄ‰ÄŒÄ‰ÄąÄ‡ÄˆÄ’Ä? 4 +(!(" "Ä–ĹŠÄ‰ÄŒÄ‰Ä‡ÄˆÄ‘ÄŒ 42!1(/!(.-#2Ä–ĹŠÄ‰ÄŒÄ‰ÄąÄˆÄ?ÄŠÄ‡ĹŠÄľĹŠÄ‰ÄŒÄ‰ÄąÄˆÄ?ÄŠÄˆĹŠ , (+Ä–ĹŠ , 3.Äž+ '.1 Ä“!.,Ä“#!  .Ä–ĹŠ ĹŠ .Ä“ĹŠÄ?ÄŠÄŠÄ?
666ē+ '.1 ē!.,ē#! 2Ŋ3 Ŋ2#!Ŋ!(¢-Ŋ1#Ŋ/1#Ŋ2#-Ŋ3 Ŋ#+Ŋ/#-Ĺ2 Ŋ,(#-Ŋ3.Ŋ"#Ŋ+.2Ŋ#"(Ŋ3.Ŋ1#2ēŊ .2Ŋ#2!1(Ŋ3.2Ŋ "#Ŋ+.2Ŋ!.Ŋ+ Ŋ .Ŋ1 Ŋ".Ŋ1#2Ŋ2.Ŋ+.Ŋ!.,Ŋ/1.Ŋ,#Ŋ3#-Ŋ Ŋ242Ŋ 4Ŋ3.Ŋ1#2Ŋ8Ŋ-.ŊŊ1#ŊĄŊ#Ŋ) -Ŋ -#Ŋ!#Ŋ2 Ŋ1( Ŋ,#-Ŋ3#Ŋ#+Ŋ/#-Ŋ2 Ĺ,(#-Ŋ3.Ŋ"#+Ŋ/#Ŋ1(¢Ŋ"(Ŋ!.ē
Ăýŋ ˜)-Ĺ‹ Ĺ‹- !/,# Ĺ‹-) # &
ĹŠ2#%41(" "ĹŠ2.Äą !( +ĹŠ#2ĹŠ4-ĹŠ"#1#!'.ĹŠ (11#-4-!( +#ĹŠ"#ĹŠ 3.".ĹŠ31 ) ".1ĹŠ #!4 3.1( -.Ä“
;b ]eX_[hde Z[b ZeYjeh ?i_Zhe 7oehW 9k[lW" c[Z_Wdj[ :[Yh[je d‘c[he &'." Z[b ') Z[ cWhpe Z[ '/(." Yh[Œ bW 9W`W Z[ @kX_bWY_ed[i o Cedj[f‡e 9_l_b" H[j_he o Ced# j[f‡e C_b_jWh[i" 7^ehhe o 9eef[# hWj_lW" _dij_jkY_Œd Z[ YhƒZ_je Yed f[hied[h‡W `kh‡Z_YW o eh]Wd_pWZW gk[ Z[ Yed\ehc_ZWZ Yed bW B[o i[ Z[dec_dŒ 9W`W Z[ F[di_ed[i$
BW b[o YediW]hÂŒ W bW 9W`W Z[ F[di_ed[i Yece [dj_ZWZ Wi[]k# hWZehW Yed fWjh_ced_e fhef_e" Z_\[h[dY_WZe Z[ bei X_[d[i Z[b [i# jWZe" Yed Wfb_YWY_ÂŒd [d [b i[Yjeh bWXehWb f‘Xb_Ye o fh_lWZe$ Ik eX`[j_le \k[ YedY[Z[h W bei [cfb[WZei f‘Xb_Yei" Y_l_b[i o c_b_jWh[i" bei X[d[Ă’Y_ei Z[ @kX_# bWY_ÂŒd" Cedj[f‡e 9_l_b o <edZe Cehjkeh_e$ ;d eYjkXh[ Z[ '/(." [ijei X[d[Ă’Y_ei i[ [nj[dZ_[hed W bei [cfb[WZei XWdYWh_ei$ 7YjkWbc[dj[ [b ?dij_jkje ;YkWjeh_Wde Z[ I[]kh_ZWZ IeY_Wb ?;II " [i kdW [dj_ZWZ" YkoW eh# ]Wd_pWY_ÂŒd o \kdY_edWc_[dje i[ \kdZWc[djW [d bei fh_dY_f_ei Z[ ieb_ZWh_ZWZ" eXb_]Wjeh_[ZWZ" kd_#
l[hiWb_ZWZ" [gk_ZWZ" [Ă’Y_[dY_W" ikXi_Z_Wh_[ZWZ o ikĂ’Y_[dY_W$ 7Z[c|i" i[ [dYWh]W Z[ Wfb_YWh [b I_ij[cW Z[b I[]khe =[d[hWb EXb_]Wjeh_e gk[ \ehcW fWhj[ Z[b i_ij[cW dWY_edWb Z[ I[]kh_ZWZ IeY_Wb$
fW‹[hei W gk[ Wcfb_[cei [b i[h# l_Y_e Z[ cWd[hW [\[Yj_lW W jeZei bei i[Yjeh[i gk[ d[Y[i_jWd iWbkZ" W gk_[d[i d[Y[i_j[d l_l_[dZW o j_[d[d [c[h][dY_W [YedÂŒc_YW fWhW WcfWhWhbei [d bW i[]kh_ZWZ ieY_Wb o Ykcfb_h Yed [b cWdZWje Yedij_jkY_edWbÇ" [d\Wj_pÂŒ ;kbWb_W EY^eW" Z_h[YjehW 7Zc_d_ijhWj_lW +4". Æ>W]e kd bbWcWZe Wb i[hl_Zeh Z[b ?;II$ 7Z[c|i" \[b_Y_jÂŒ bW bWXeh Z[ f‘Xb_Ye [d [if[Y_Wb W c_i Yec#
Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ĉ
jeZei bei [cfb[WZei Z[b ?;II Z[ Jkd]khW^kW" oW gk[ Y[b[XhWd [b Z‡W Yb|i_Ye Z[ bW [dj_ZWZ Yed jhWXW`e o i_[cfh[ Wb i[hl_Y_e Z[ bW Yeb[Yj_l_ZWZ [YkWjeh_WdW" Yed efj_c_ice o [ÒY_[dY_W [d ik WY# Y_edWh$ :[ [ij[ ceZe i[ Y[b[XhW ^eo [b Z‡W Z[b I[]khe IeY_Wb$
ÄŻÄƒÄ€ÄƒĂźĂ˝
Ä“ĹŠ +ĹŠ#04(/.ĹŠ'4, -.ĹŠ04#ĹŠ#23;ĹŠ +ĹŠ2#15(!(.ĹŠ"#ĹŠ+.2ĹŠ ă+( ".2ĹŠ#-ĹŠ+ ĹŠ/1.5(-Äą !( ĹŠ"#2#,/# Ŋ24ĹŠ31 ).ĹŠ!.-ĹŠ#-31#% ĹŠ8ĹŠ"#"(! !(¢-Ä“
$ !0,8(45,'$' <&0,&$ '( /%$61 " ! 2$4$ '( .$ $&7.6$' '( 74,5247'(0&,$ 9 ,(0&,$5 1&,$.(5 2$4$ (. (4=1'1 &$'</,&1 $4:1 *1561 2$4$ &7%4,4 .15 5,*7,(06(5 &$4*15 $ '(
=67.1 &$'</,&1 '( &7$461 0,8(. (0 (. ;4($ /16,81 '(. &10&7451 &10)(4,'1 1 4(&101&,'1 214 70$ '( .$5 !0,8(45,'$'(5 1 5&7(.$5 1.,6<&0,&$5 '(. &7$'14 '(%,'$/(06( 4(*,564$'1 (0 .$ #
31.ĹŠ, +ĹŠ#23 !(.- ". -ĹŠ+ ĹŠ! ++#ĹŠ + , ĔŊ2#!3.1ĹŠ"#+ĹŠ .3#+ĹŠ 2(-.ĹŠ ,/#1 ".1ĔŊ#2ĹŠ!.,ĂŒ-ĹŠ. 2#1Äą 5 1ĹŠ5#'~!4+.2ĹŠ#23 !(.- ".2ĹŠ#-ĹŠ+4% 1#2ĹŠ/1.'( (".2Ä“ĹŠ 23 ĹŠ(-$1 !!(¢-ĹŠ"#ĹŠ 31;-2(3.ĹŠ"# #1~ ĹŠ2#1ĹŠ,;2ĹŠ!.-31.+ " ĹŠ/.1ĹŠ+ 2ĹŠ 43.1(" "#2ĹŠ8ĹŠ-.ĹŠ/#1,(3(1ĹŠ 04#ĹŠ+.2ĹŠ!.-"4!3.1#2ĹŠ' % -ĹŠ+.ĹŠ04#ĹŠ+#2ĹŠ" ĹŠ+ ĹŠ% - Ä“ĹŠĹŠ
$%(4 $241%$'1 70 &7451 '( '1&(0&,$ 70,8(45,6$4,$ '( 214 .1 /(015 +14$5 (0 70$ '( .$5 !0,8(45,'$'(5 1 5&7(.$5 1.,6<&0,&$5 .(*$./(06( 4(&101&,'$5 +$56$ 64(5 $>15 $06(5 '( .$ 24(5(06$&,?0 '( .$ '1&7/(06$&,?0 /16,81 '( &10&7451
$ 51.,&,67' (56$4; ',4,*,'$ $. (>14 (&$01 '( .$ $&7.6$' '( 74,5247'(0&,$ 9 ,(0&,$5 1&,$.(5 $'-706$0'1 +1-$ '( 8,'$ 9 '1&7/(06$&,?0 +$%,.,6$06( 4(52(&6,8$ (0 14,*,0$.(5 9 &12,$5 /,5/$5 37( 5( 4(&(26$4; (0 .$ (&4(6$4=$ '( .$ $&7.6$' '( 74,5247'(0&,$ 9 ,(0&,$5 1&,$.(5 '( .$ !0,8(4 5,'$' +$56$ .$5 + '(. '=$ 8,(40(5 '( /$4:1 '(. 24(8,1 $. 2$*1 '( '(4(&+1 '( 27%., &$&,?0 214 (. 8$.14 '( ! 01 4((/%1.5$%.(5 /%$61 /$4:1
ĉ
āăŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
+ũ341(2,.ũ- !(.ı - +ũ8ũ#731 -)#1.ũ /1#ăũ1(¢ũ#+ũ +-# ı 1(.ũ!.,.ũ"#23(-.ũ #-ũ#+ũ! 1- 5 +ē
6-ŋ ŋýýŋ'#&ŋ./,#-. -ŋ (ŋ )-ŋ ē :khWdj[ [b \[h_WZe Z[ YWh#
dWlWb" c_b[i Z[ jkh_ijWi Z_i\hkjW# hed Z[ bWi f_iY_dWi h[ceZ[bWZWi feh bW ckd_Y_fWb_ZWZ Z[ [ij[ YW# j d" gk[ i[ ^Wd Yedl[hj_Ze [d kd h[\[h[dj[ jkh ij_Ye$ I[] d kd _d\ehc[ fh[b_c_dWh" (( c_b -.' WZkbjei ^WXh Wd _d]h[# iWZe W bWi f_iY_dWi Z[ BW L_h][d" ;b IWbWZe" CeZ[hdWi o IWdjW 7dW$ C_[djhWi gk[ [d d_ ei i[
h[fehjWhed '& c_b +&( l_i_jWi" bb[]WdZe W kd jejWb Z[ )) c_b (.) jkh_ijWi [d [b \[h_WZe$ BW h[YWkZWY_ d WbYWdp bei ,* c_b .*," +& Z bWh[i" bW c|i WbjW ^WijW [b cec[dje$ ;ije gk_[h[ Z[Y_h gk[ bW Z[# Y_i_ d Z[ h[ceZ[bWh [ijei Yec# fb[`ei jkh ij_Yei \k[ WY[hjWZW feh fWhj[ Z[ bW Ckd_Y_fWb_ZWZ Z[ 8W ei$
ēũ 2ũ/(2!(- 2ũ"#ũ .2ũ#23 -ũ++#- 2ũ#-ũ#+ũÌ+3(,.ũ$#1( ".ũ"#ũ 1- 5 +ē
&21625&,2 '( &$0$5$6 '( /$ 352'8&&,21 '( 781*85$+8$
,17(1'(1&,$ '( &203$f,$6 '( $0%$72 352*5$0$ '( ',)86,21 '( 35(6(17$&,21 '( 18(926 )2508/$5,26 '( (67$'26 ),1$1&,(526 &RQ HO DXVSLFLR GHO &RQVRUFLR GH &iPDUDV GH OD 3URGXFFLyQ GH 7XQJXUDKXD
-0/3$ .$,1 +-1 /3$ $* .0$1$,2$ 6 $* %3230- #$* "3 #-0 6 #$ ,3$120 .0-4(,"( #$.$,#$ #$ * . 02("(. "(;, #(0$"2 #$ 2-#-1 *-1 "(3# # ,-1 6 "(3# # , 1 /3$ ' !(2 +-1 $12 '$0+-1 2($00 6 1-: +-1 "-, 1$0 &0 ,#$1 6 #(&,-1 "-,4-" +-1 3,(01$ * &0 , "037 # #$ 6 6 #$ $12 + ,$0 $,&0-1 0 * 1 =* 1 #$ ,3$120- &*-0(-1- 02(#- #3$:- #$ 3, '(12-0( $,+ 0" # $, * '-,$12(# # 6 * 1$0($# # #$ .0-"$#(+($,2-1 * "2- #$ * ,7 +($,2- #$ * " +. : 2$,#08 *3& 0 $* #9 * /3$ /3$# , "-0#( * 6 0$1.$23-1 +$,2$ (,4(2 #-1
,QYLWDQ D ODV FRQIHUHQFLDV JUDWXLWDV &LXGDG $PEDWR 'tD 0DUWHV GH PDU]R GH +RUDULR + D + /XJDU 6DOyQ 6RFLDO GH ODV &iPDUDV (GLILFLR ODV &iPDUDV 0RQWDOYR \ 5RFDIXHUWH &RQIHUHQFLVWDV 3HUVRQDO GH OD 6XSHULQWHQGHQFLD GH &RPSDxtDV
' 3#(2-0(- #$ * $+-"0 "( #$* -,1$)- "(-, * *$"2-0 * #$ 3,&30 '3
$ "-,2 08 "-, * .0$1$,"( #$* 0$1(#$,2$ "(-, * #$* 02(#- 6 $* 1 +!*$912 0 6 ,-2 !*$1 +(*(2 ,2$1 6 1(+. 2(7 ,2$1 3 1(12$,"( * $4$,2- & 0 ,2(7 08 ' "$0 $%$"2(4-1 *-1 .0(,"(.(-1 #$
/DV LQVFULSFLRQHV VH UHFHSWDUiQ ORV GtDV \ GH PDU]R GH D ORV VLJXLHQWHV FRUUHRV HOHFWUyQLFRV ,QWHQGHQFLD GH &RPSDxtDV OXLVDW#T VXSHUFLDV JRY HF \ FPXQR]#T VXSHUFLDV JRY HF &RQVRUFLR GH &iPDUDV GH OD 3URGXFFLyQ GH 7XQJXUDKXD F LQGXVW#DQGLQDQHW QHW \ NDW\FDPDUDLQGXVWULDV #KRWPDLO FRP
/3$ %3$0-, .0-"* + #-1 6 .3$12-1 $, .08"2(" .-0 . 02$ #$ ,3$120- *9#$0 , "(-, * $* 0 5 0$1(#$,2$ #$ * $.<!*("
0 *2-, "(& *3.-
0 3(1 (** *4 -0(
&2175$/25,$ *(1(5$/ '(/ (67$'2 ',5(&&,21 5(*,21$/ ,19,7$&,21 $ 3$57,&,3$5 (1 (/ &8562 '( ³&21752/ ,17(512´ 0,6,21 ³6RPRV HO 2UJDQLVPR 7pFQLFR HQFDUJDGR GHO FRQWURO GH OD XWLOL]DFLyQ GH ORV UHFXUVRV HVWDWDOHV \ OD FRQVHFXFLyQ GH ORV REMHWLYRV GH ODV LQVWLWXFLRQHV GHO (VWDGR \ GH ODV GHPiV SHUVRQDV MXUtGLFDV GH GHUHFKR SULYDGR TXH GLVSRQJD GH UHFXUVRV S~EOLFRV´ 9,6,21 ³(Q HO OD &RQWUDORUtD *HQHUDO GHO (VWDGR VHUi 8Q RUJDQLVPR PRGHOR GH JHVWLyQ PRGHUQR \ FRQIL DEOH IXQGDPHQWDGR HQ SULQFLSLRV GH pWLFD WUDQVSDUHQFLD FDOLGDG \ HQIRTXH KDFLD ORV UHVXOWDGRV TXH JDUDQWLFHQ D OD FLXGDGDQtD HFXDWRULDQD HO HILFLHQWH FRQWURO GH ORV UHFXUVRV S~EOLFRV ´ &8562 ³&21752/ ,17(512´ )(&+$ \ GH 0DU]R 9$/25 ,9$ +25$5,2 D /2&$/ $XOD GH &DSDFLWDFLyQ GH OD 'LUHFFLyQ 5HJLRQDO 5(48,6,726 +DEHU DSUREDGR HO FXUVR GH ³*HVWLyQ 3~EOLFD \ &RQWURO 6RFLDO´
/LF %\URQ 3DFKHFR & ',5(&725 5(*,21$/
.231 1.-ũ242 !.-.!(,(#-3.2
(1#ũ242ũ$.3.2ũ#-Ė 666ē+ '.1 ē!.,ē#!
āăŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
Ċ
ŋ ,, , ŋ ŋ -.#'/& # (ŋ '*, ( ŋ ŋ& ŋ (#0 ,-# ŋ Z (# ŋ ŋ ' .)ŋ,  ŋ/( ŋ - ŋ # ,. ŋ* , ŋ ')-Ě ., ,ŋ &ŋ*Ä &# )ŋ.) )ŋ&)ŋ *, ( # )Ąŋ -. ŋ 0 (.)ŋ / .#0)ŋ- ŋ ,  ŋ (ŋ&)-ŋ* .#)-ŋ ŋ -. ŋ (.# ŋ / .#0 ŋ (ŋ &ŋ '*/-ŋ ŋ (! "/, )Ąŋ
ũ 81 ũ #++.Ĕũ -(#+ ũ 4(-3#1.2Ĕũ -"1# ũ -%.3#- Ĕũ 3 +8ũ 4#" ũ8ũ 1(2ı 3( -ũ 1#"#2ũ+#2ũ%423 ũ,4!'.ũ#23 ũ! 11#1 ēũ
-(#+ ũ +".- ".Ĕũ 1(#+ ũ ++. Ĕũ +#1( ũ ;!.,#Ĕũ 4+(- ũ -! ũ8ũ 81 ũ ;-!'#9ũ,.231 1.-ũ ũ+.2ũ5(2(3 -3#2ũ5 1(.2ũ"#ũ 242ũ!.-.!(,(#-3.2ēũ
1.+(- ũ .5#" Ĕũ .#,8ũ +#-!( Ĕũ (,#- ũ 2!. 1Ĕũ 1(47(ũ 1 5.Ĕũ (5( - ũ %4( 1ũ8ũ 1.+(- ũ 11 2!.ũ#2345(#1.-ũ !.-3#-3 2ũ"#ũ#23 1ũ#-ũ#23#ũ#5#-3.ēũ
.1#- ũ ( ++.2Ĕũ 3 +8ũ (3#1(Ĕũ +#) -"1 ũ ;-!'#9Ĕũ 82(ũ .1 Ĕũ 1(23(- ũ -"1 "#Ĕũ 1(3 ũ .1 +#2Ĕũ ( - ũ 43(_11#9ũ8ũ "1(ı - ũ ;-!'#9ũ /1#-"#-ũ,4!'.ũ2. 1#ũ+ ũ/1.$#2(¢-ũ ũ"( 1(.ēũ
āĀ
# ũ(-$.1, !(¢666ē+ '.1 ē!.,ē#!
āă ŏ ŏĂĀ ŏ ŏĂĀ āā āăŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
1 !( 2ũ ũ+ !.+ .1 !(¢-
,v ŋ #&# ŋ 6ŋ ! ąŋ, #( ŋ &ŋ &/ ŋ ,#!#( &ŋ ' .)ŋ ŋ )-ŋ5(! & -ąŋ) , # ŋ/(ŋ &'/ ,4)ŋ ŋ !, #'# (.)ŋ ŋ .) -ŋ& -ŋ* ,-)( -ŋ+/ ŋ )& ), ,)(ŋ* , ŋ+/ ŋ-/ŋ) , ŋ-) # &ŋ - ŋ - ,,)&& ŋ )(ŋZ2#.)Ąŋ -. ŋ 0 (.)ŋ- ŋ,  ŋ (ŋ& -ŋ#(-. & Ě #)( -ŋ &ŋ ). &ŋ &),# Ąŋ
+#7 -"1 ũ #+ Ĕũ "4 1".ũ (2-#1.2ũ8ũ #1!#"#2ũ (5 "#-#(1 ũ 2(23(#1.-ũ!.-ũ#-342( 2,.ũ ũ+ ũ(-5(3 !(¢-ũ"#ũ+ ũ%4 / ũ1#(- ēũ
-3( %.ũ 4;1#9Ĕũ 1~ ũ .8 ũ8ũ '.--8ũ ;ũ ",(1 -ũ+ ũ. 1 ũ2.!( +ũ04#ũ1# +(9¢ũ 1~ ũ #!(+( ũ#-ũ$ 5.1ũ"#ũ+.2ũ-#!#2(3 ".2ēũ
1~ ũ #!(+( ũĸ!Ĺũ!.,/ 13(¢ũ 4#-.2ũ,.,#-3.2ũ)4-3.ũ ũ242ũ ,(%.2ũ Ì+ũ:+5 ı 1#9Ĕũ 1~ ũ #1- -" ũ .2#1.ũ8ũ (.ũ 1.- ēũ
-_2ũ .+%4~-Ĕũ .38ũ #% Ĕũ 104(-.ũ ;2!.-#9ũ8ũ --8ũ ;2!.-#9ũ 4%41 -ũ_7(3.2ũ ũ 1~ ũ #!(+( ũ ;ũĸ!Ĺũ)4-3.ũ ũ +% ũ 4;1#9Ĕũ 1, ũ 1 ,(++.ũ8ũ 4 -ũ 1+.2ũ 4;1#9ũ!#+# 1 1.-ũ#-ũ#23 ũ1#4-(¢-ēũ + ũ).5#-ũ , 3# ũ#-ũ24ũ$4341 ũ+ .1ēũ
5 -%4 1"(
/XQHV
3DUHMDV UHFLEHQ HO GH GHVFXHQWR
&RPSDUWLPRV H[SHULHQFLDV GH FXUVRV UHDOL]DGRV HQ /D +DEDQD %RJRWi \ 0LDPL $SUHQGH D EDLODU HQ SDUHMD FRPR ORV SURIHVLRQDOHV
/,.(,
ƒ Ä
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
,'#(šŋ & ,. ŋ*),ŋ &ŋ .-/( '#
ĹŠ+ 2ĹŠÄˆÄˆÄ–ÄŠÄ’ĹŠ2#ĹŠ "#1.%¢Ŋ#+ĹŠ #23 ".ĹŠ"#ĹŠ#7!#/Äą !(¢-ĹŠ"#!1#3 ".ĹŠ /.1ĹŠ+ ĹŠ#,#1%#-!( Ä“
c_i_ÂŒd Z[ Jh|di_je Z[b =kWoWi" 9k[hfe Z[ 8ecX[hei" bei =eX[h# dWZeh[i" C_d_ij[h_e Z[ IWbkZ" C_# d_ij[h_e Z[ @kij_Y_W" [djh[ ejhei$ Æ9h[e gk[ [b fW‡i ^W WlWdpWZe ckY^e [d bW h[WYY_ÂŒd W fej[dY_W# b[i Z[iWijh[i" [iWi ied Xk[dWi de# j_Y_WiÇ" h[iWbjÂŒ [b @[\[ Z[ ;ijWZe$
ěŊJhWi YecfheXWh gk[ oW
#3.1-.ĹŠ
de ^WX‡W h_[i]ei fWhW bW feXbW# Y_ÂŒd" [b fh[i_Z[dj[ HW\W[b 9ehh[W Z[he]ÂŒ [b Z[Yh[je Z[b [ijWZe [n# Y[fY_ÂŒd gk[ ikiYh_X_ÂŒ b l_[hd[i" Wdj[ bW Wb[hjW Z[ jikdWc_$ 7dj[i Z[ Ă’hcWh [b ZeYkc[d# je" [b @[\[ Z[ ;ijWZe Wi[]khÂŒ gk[ bW Z[Y_i_ÂŒd Z[ Z[YbWhWh kdW [c[h][dY_W o [lWYkWh W bW feXbW# Y_ÂŒd [d h_[i]e \k[ bW Yehh[YjW$ ÆI[ ^_Y_[hed bWi YeiWi XWijWd# j[ X_[d o [ij[ [i kd be]he" de Z[b =eX_[hde" i_de Z[b fW‡i [dj[heÇ" Wi[l[hÂŒ [b @[\[ Z[ ;ijWZe" gk_[d oW ^WX‡W b[lWdjWZe bW Wb[hjW W bWi ()0&& Z[b l_[hd[i" jhWi ^WX[h [i# f[hWZe [b j_[cfe hWpedWXb[ fWhW [lWbkWh bW [c[h][dY_W$ Æ=hWY_Wi W :_ei de fWiÂŒ YWi_ dWZW" fehgk[ [d =Wb|fW]ei i[ dei _dkdZÂŒ Fk[hje 7oehW" fWh# j[ Z[ Fk[hje 8Wgk[h_pe Ceh[de" WY| [d [b 9edj_d[dj[ i[ i_dj_ÂŒ cko feYe bW cWh[`WZWÇ" Yec[djÂŒ 9ehh[W ZkhWdj[ ik [dbWY[ iWXWj_# de" gk[ i[ jhWdic_j_ÂŒ Z[iZ[ IWd# je :ec_d]e Z[ bei Ji|Y^_bWi$ 9ehh[W W]hWZ[Y_ÂŒ W jeZWi bWi _dij_jkY_ed[i gk[ fWhj_Y_fWhed ZkhWdj[ bW [c[h][dY_W" [djh[ bWi gk[ decXhÂŒ" [d fh_c[h bk# ]Wh" W bei Y_kZWZWdei" bk[]e W bWi <<$77$" Feb_Y‡W DWY_edWb" 9e#
BWi (*( c_b ,-. f[hiedWi gk[ \k[hed [lWYkWZWi feh bW Wb[hjW Z[ jikdWc_ [cf[pWhed W h[]h[# iWh W iki ^e]Wh[i Z[iZ[ bWi ()0)& Z[b l_[hd[i" i[]‘d YedĂ’hcÂŒ bW I[Yh[jWh‡W DWY_edWb Z[ =[ij_ÂŒd Z[ H_[i]ei ID=H $ ;d [b jhWibWZe" gk[ Yedj_dkÂŒ i_d del[ZWZ ^WijW bW cW‹WdW Z[ Wo[h" fWhj_Y_fWhed <<$77$" ]eX_[hdei fhel_dY_Wb[i" ckd_Y_# f_ei o Yeef[hWj_lWi Z[ jhWdifeh# j[ gk[ \WY_b_jWhed iki l[^‡Ykbei fWhW Wj[dZ[h W bei [lWYkWZei$ ;d =kWoWi i[ fki_[hed ',- kd_ZWZ[i Z[ jhWdifehj[ Wb i[hl_# Y_e Z[ bW feXbWY_ÂŒd$ ;d jWdje" bWi f[hiedWi gk[ de fkZ_[hed lebl[h W iki YWiWi Z[ _dc[Z_Wje f[hcWd[Y_[hed [d bei WbX[h]k[i ^WX_b_jWZei feh [b C_# d_ij[h_e Z[ ?dYbki_ÂŒd Ie# Y_Wb o ;YedÂŒc_YW C?;I ĹŠ ^WijW ^ehWi Z[ bW jWhZ[$
Ä“ĹŠ 2ĹŠ$ ,(+( 2ĹŠ04#ĹŠ$4#1.-ĹŠ#5 !4 " 2ĹŠ1#%1#2 1.-ĹŠ ĹŠ242ĹŠ! 2 2ĹŠ"#2"#ĹŠ+ ĹŠ -.!'#ĹŠ"#+ĹŠ5(#1-#2Ä“
^WX_jW [d bWi pedWi c|i lkbd[hW# Xb[i$ ;b ]eX[hdWZeh Z[ bW fhel_dY_W" B[d_d BWhW" W]h[]ÂŒ gk[ bW fhÂŒn_# cW i[cWdW ^WXh| kdW h[kd_ÂŒd fWhW [lWbkWh o \ehjWb[Y[h bWi \W# b[dY_Wi [dYedjhWZWi ZkhWdj[ [ij[ [`[hY_Y_e Z[ [lWYkWY_ÂŒd$ KdW Z[ bWi \WbbWi gk[ Z[j[hc_# dÂŒ [b 9E; \k[ [b Z[iYedeY_c_[d# je Z[ bei ied_Zei Z[ bWi WbWhcWi$ ;ije YWkiÂŒ kd feYe Z[ Yed\ki_ÂŒd [djh[ bei ^WX_jWdj[i Z[ bei (' XW# hh_ei kX_YWZei W be bWh]e Z[ bW h_# X[hW Z[b ;ic[hWbZWi$ ;b WbYWbZ[ Z[b YWdjÂŒd ;ic[# hWbZWi" ;hd[ije ;ijkf_‹|d" [d YWcX_e" Z[ijWYÂŒ bW eh]Wd_pWY_ÂŒd Z[ bW feXbWY_ÂŒd" bW kd_ZWZ Z[ bWi Wkje# h_ZWZ[i o bW _cfehjWdY_W Z[ YedjWh Yed kd fbWd Z[ Yedj_d][dY_W$ JeZei [ijei Wif[Yjei" i[]‘d [b 7bYWbZ[" f[hc_j_[hed gk[ bWi f[hiedWi i[ Z_h_]_[hWd W bei i_[j[ i_j_ei i[]khei kX_YWZei [d fWhj[i WbjWi Z[ bW Y_kZWZ$ 1 -04(+(" "ĹŠ#-ĹŠ 14!(3
7 fh_c[hW ^ehW Z[b Z‡W Z[ Wo[h \k[hed Z[lk[bjWi W iki ^e]Wh[i bWi c|i Z[ ,&& f[hiedWi gk[ [ijWXWd Wbe`WZWi [d [b Yec# fb[`e Z[ bW <[Z[hWY_ÂŒd :[# fehj_lW Z[ CWdWX‡" bk[]e Z[ ^WX[h i_Ze [lWYkWZWi Z[iZ[ -ĹŠ ĂŒ ĹŠ .,(3_ĹŠ#5 +4¢Ŋ%#23(¢ĸ 2,#1 +" 2ĚŊ2#ĹŠ 9hkY_jW$ BWi Wkjeh_ZWZ[i Z[b 9e# 1#/.13¢Ŋ#+ĹŠ"  .ĹŠ Beh[dW 9^ÂŒ[p" _dj[dZ[d# "#ĹŠ!(-!.ĹŠ#, 1Äą c_jƒ Z[ Ef[hWY_ed[i ! !(.-#2Ä“ĹŠ jW feb‡j_YW Z[ 9hkY_jW" _d\ehcÂŒ ;c[h][dj[i 9E; Z[ gk[ W bWi &-0&& [cf[pWhed W ;ic[hWbZWi YWb_Ă’YWhed Z[ fe# bb[]Wh bei Xki[i Yed bei [lWYkWZei W i_j_lWi bWi WYY_ed[i Z[ifb[]WZWi bW fWhhegk_W$ C_[djhWi gk[ bWi Y[hYW ZkhWdj[ bW Wb[hjW Z[ jikdWc_ gk[ Z[ +&& f[hiedWi gk[ i[ ^WX‡Wd h[\k# f[hc_j_ÂŒ [lWYkWh W bW ][dj[ gk[ ]_WZe [d bWi becWi Z[ [i[ bk]Wh [c#
($1 2
.5(+(9 !(¢-Ŋ#$#!3(5
ēŊ -Ŋ#+Ŋ .,(3_Ŋ"#Ŋ /#1 !(.Ĺ -#2Ŋ ,#1%#-3#2Ŋ"#Ŋ 2,#1 +" 2Ŋ2#Ŋ .1% -(9 1.-Ŋ/ 1 Ŋ-.Ŋ!.-$4-"(1Ŋ Ŋ+ Ŋ /. + !(¢-Ŋ"41 -3#Ŋ+ Ŋ +#13 ē
ŊĉĊđēÄ?ÄŠÄŒĹŠ/#12.- 2ĹŠ$4#1.-ĹŠ#5 !4 " 2ĹŠ Ĺ—"41 -3#ĹŠ#+ĹŠ#23 ".ĹŠ"#ĹŠ#7!#/!(¢-Ä“ ĹŠĹŠ -ĹŠ +;/ %.2ĹŠ2#ĹŠ31 2+ "¢Ŋ ŊĉćēÄ?ĉćŊ ĹŠ+ 2ĹŠ Ĺ—9.- 2ĹŠ +3 2ĹŠ"#ĹŠ+ 2ĹŠ(2+ 2Ä“ ŊŗŊđĎēćććŊ/#12.- 2ĹŠ$4#1.-ĹŠ++#5 " 2ĹŠ ĹŠ 2(3(.2ĹŠ2#%41.2ĹŠ#-ĹŠ 2,#1 +" 2Ä“ ŊŊĉĒēĒđćŊ#5 !4 ".2ĹŠ2#ĹŠ1#/.13 1.-ĹŠ#-ĹŠ Ĺ— - ~Ä“ ĹŠĹŠÄ‘Ä?Ä“ÄŒÄŽÄ‰ĹŠ' (3 -3#2ĹŠ"#ĹŠ -3 ĹŠ +#- ĹŠ Ĺ—"#) 1.-ĹŠ+ 2ĹŠ9.- 2ĹŠ"#ĹŠ1(#2%.Ä“ ĹŠĹ—ĹŠĹŠÄˆÄŠÄ“Ä‡Ä‡Ä‡ĹŠ/#12.- 2ĹŠ345(#1.-ĹŠ1#2%4 1".ĹŠ #-ĹŠ 4 8 2Ä“ ŗŊŊĉēĎđĉŊ#5 !4 ".2ĹŠ#-ĹŠ +ĹŠ 1.Ä“
# -4" " 2ĹŠ !3(5(" "#2ĹŠ/#31.+#1 2 ĹŠĹŠ ĹŠ ,/1#2 ĹŠ ĂŒ +(! ĹŠ"#ĹŠ ("1.! 1 41.2ĔŊ #31.#!4 ".1ĹŠ1# -4"¢Ŋ"#2"#ĹŠ+ 2ŊććĖććŊ"#ĹŠ Ĺ— 8#1ĹŠ+ 2ĹŠ#7/.13 !(.-#2ĹŠ"#ĹŠ+.2ĹŠ!14".2ĹŠ 1(#-3#ĹŠ8ĹŠ /.ĔŊ04#ĹŠ$4#1.-ĹŠ242/#-"(" 2ĹŠ#+ĹŠ 5(#1-#2ĹŠ -3#ĹŠ+ ĹŠ/.2( +#ĹŠ++#% " ĹŠ"#ĹŠ4-ĹŠ324- ,(ĹŠ ĹŠ+ 2ĹŠ!.23 2ĹŠ#!4 3.1( - 2Ä“ %4 +,#-3#ĔŊ2#ĹŠ1#23 +#!(#1.-ĹŠ+ 2ĹŠ./#1 !(.-#2ĹŠ/ 1 ĹŠ+ ĹŠ(,/.13 !(¢-ĹŠ"#ĹŠ!., 423(Äą +#2ĔŊ4- ĹŠ5#9ĹŠ24/#1 " ĹŠ+ ĹŠ#,#1%#-!( Ä“ĹŠ
#23(¢-ĹŠ/.2(3(5 ĹŠĹŠ 41 -3#ĹŠ+ ĹŠ#,#1%#-!( ĹŠ"#!1#3 " ĹŠ/.1ĹŠ+ ĹŠ +#13 ĹŠ"#ĹŠ324- ,(ĔŊ#+ĹŠ .,(3_ĹŠ /#1 3(Äą Ĺ—5.ĹŠ"#ĹŠ ,#1%#-!( 2ĹŠÄĽ -4#+ ĹŠ 2/#).ÄŚĹŠ1# +(9¢ŊŊ4-ĹŠ./#1 3(5.ĹŠ"#ĹŠ +3 ĹŠ3#!-.+.%~ ĹŠ/ 1 ĹŠ #5 !4 1ĹŠ ĹŠÄ?ćĊŊ/#12.- 2ĹŠ!.-ĹŠ"(2! / !(" "ĹŠ2#5#1 ĹŠ"#ĹŠÄ‘Ä?ĹŠ/. + ".2ĹŠ"#ĹŠ+ ĹŠ .23 Ä“ 41 -3#ĹŠ+ ĹŠ!1(2(2ĹŠ2#ĹŠ!.,/1. ¢Ŋ#+ĹŠ!.11#!3.ĹŠ$4-!(.- ,(#-3.ĹŠ"#+ĹŠ2(23#, ĹŠ"#ĹŠ4 (! !(¢-ĹŠ 2 3#+(3 +ĹŠ04#ĹŠ2#ĹŠ(-23 +¢Ŋ +ĹŠ"#ĹŠ1#%(231 1ĹŠĹŠ ĹŠÄ‰Ä’ÄŒĹŠ,(+ĹŠ/#12.- 2ĹŠ!.-ĹŠ"(2! / !(" "ĹŠ#-ĹŠÄ‰Ä‡ÄˆÄ‡Ä“ 1 !( 2ĹŠ ĹŠ#23 ĹŠ'#11 ,(#-3 ĹŠ2#ĹŠ/4".ĹŠ4 (! 1ĹŠ%#.11#$#1#-!( +,#-3#ĹŠ ĹŠ+ 2ĹŠÄˆÄ“Ä?ÄŠÄ?ĹŠ /#12.- 2ĹŠ!.-ĹŠ"(2! / !(" "Ä“
f[pWhed W h[jehdWh W iki l_l_[dZWi Z[iZ[ bWi ()0)& Z[b l_[hd[i$ ÆDe ^kXe Z[icWd[i d_ iW# gk[ei [d d_d]kdW l_l_[dZW Z[ 9hkY_jW" Yed bW <k[hpW F‘Xb_YW be# ]hWcei cWdj[d[h bW i[]kh_ZWZÇ" Wi[]khÂŒ 9^ÂŒ[p" fk[i bW deY^[ Z[b l_[hd[i i[ WdkdY_ÂŒ gk[ [b Zec_Y_# b_e Z[ 7djed_e 7dY^kdZ_W" kX_YW#
Ze [d [b i_j_e Bei HWdY^ei" ^WX‡W i_Ze eX`[je Z[ heXe$ :[ifkƒi Z[b h[jehde" bW fe# XbWY_Œd Z[ 9hkY_jW h[jecŒ iki WYj_l_ZWZ[i Yec[hY_Wb o jkh‡ij_YW" Wi‡ Yece bWi bWXeh[i Z[ f[iYW$ Bei heijhei Z[ \[b_Y_ZWZ Z[ bei ^WX_jWd# j[i Z[ [i[ bk]Wh Z[`WXWd [djh[l[h gk[ [b ikije oW ^WX‡W fWiWZe$
0 &Ă„ (Ĺ‹ ˜)-Ĺ‹ (Ĺ‹ &6* !)BW :_h[YY_ÂŒd Z[b FWhgk[ DWY_e# dWb =Wb|fW]ei :DF= h[Wb_pÂŒ kd Wd|b_i_i Z[ bei [\[Yjei Z[b jikdW# c_ [d [b |h[W fhej[]_ZW" [if[Y_Wb# c[dj[ [d bei i_j_ei Z[ l_i_jW W\[Y# jWZei feh [b jh[d Z[ ebWi gk[ i[ h[]_ijhÂŒ [b l_[hd[i W Yedi[Yk[d# Y_W Z[b j[hh[ceje [d @WfÂŒd$ ;b 9[djhe Z[ 9h_WdpW Z[ Jeh# jk]Wi =_]Wdj[i o [b Ck[bb[ Z[ bW
:FD= [d IWdjW 9hkp f[hcWd[# Y_[hed Y[hhWZei feh bei ZW‹ei YWkiWZei feh [b \[dŒc[de dW# jkhWb$ BWi [if[Y_[i Z[b Y[djhe Z[ Yh_WdpW i[ cWdj_[d[d i[]khWi [d kd WbX[h]k[$ ;djh[ bWi pedWi c|i W\[Y# jWZWi [ij| [b bWZe ikhe[ij[ Z[ bW _ibW IWd 9h_ijŒXWb" ZedZ[ i[ [dYk[djhWd bei i_j_ei Z[ l_i_jW
?ibWi BeXei o CWd]b[Y_je$ ;d IWdjW 9hkp" bW fbWoW Z[ ;b =WhhWfWj[he ik\h_ÂŒ ZW‹ei [d bW _d\hW[ijhkYjkhW o [d [b [djehde Z[ bW fbWoW$ KdW ]h_[jW kd_ÂŒ [b cWh Yed kdW bW]kdW Z[ Ă“Wc_d# ]ei$ JWcX_ƒd i[ YedijWjÂŒ gk[ i_j_ei Z[ Wd_ZWY_ÂŒd Z[ jehjk]Wi cWh_dWi \k[hed Z[ijhk_Zei feh [b eb[W`[$
Ä“ĹŠ +%4-.2ĹŠ2(3(.2ĹŠ- 341 +#2ĹŠ2~ĹŠ1#24+3 1.-ĹŠ $#!3 ".2Ä“
Ä‚
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ŋ,4#13#Ŋ"#Ŋ -#.- 3.2Ŋ#-Ŋ 4 8 04(+ĔŊŊ
.) ĹŠ8ĹŠ -3.ĹŠ .,(-%.ĹŠ"#ĹŠ +.2ĹŠ 2;!'(Äą + 2ĹŠ#5("#-!( ĹŠ 4- ĹŠ!1(2(2ĹŠ#-ĹŠ !412.ĹŠ#-ĹŠ+ ĹŠ 2 +4"ĹŠ/ĂŒ +(! ĹŠ (-$ -3(+Ä“ĹŠ ĹŠ"#Äą !+ 1 3.1( ĹŠ"#ĹŠ #,#1%#-!( ĹŠ -.ĹŠ 23 Ä“
1#24/4#23.Ŋ#-Ŋ2 +4"Ŋ -Ŋ,(++.-#2Ŋ"#Ŋ"¢+ 1#2
 .ĹŠĹŠ ĉćććŊ Ä‰Ä‡Ä‡ÄˆĹŠ ĉććĉŊ ĉććĊŊ Ä‰Ä‡Ä‡ÄŒĹŠ ĉććĎŊ ĉććÄ?ĹŠ ĉććÄ?ĹŠ ĉććđŊ ĉććĒŊ Ä‰Ä‡ÄˆÄ‡ĹŠ
ĹŠ .-3.
ĹŠÄ?ČĔČ ĈĎĈĔÄ? ĊĈĈĔĎ ÄŠÄ?ĊĔĉ ÄŠÄ‘Ä?ĔČ ČĉćĔĉ ÄŽÄ?ĉĔĈ ĎĒČĔÄ? Ä?ĊđĔĈ Ä’Ä?ČĔČ ĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠÄˆÄ‰ÄŒÄŒÄ”ÄŒ
!(,(#-3.2
, 1 9.2ĹŠ!.-ĹŠ1(#2%.ĹŠ
u ą ēŊ .2Ŋ-#.- 3.2Ŋ2.-Ŋ54+-#1 +#2Ŋ Ŋ!4 +04(#1Ŋ3(/.Ŋ"#Ŋ(-$#!!(¢-ē
Ĺ‹5 Ĺ‹
5 Ĺ‹
b fh[ikfk[ije fWhW [b i[Yjeh Z[ bW iWbkZ i[ [b[lÂŒ [d [ij[ =eX_[hde W '$(**"* c_bbed[i Z[ ZÂŒbWh[i o feh bW Z[YbW# hWjeh_W Z[ [c[h][dY_W i[ WZ_Y_edWhed *&, c_bbed[i c|i" fWhW eY^e ^eif_jWb[i f‘Xb_Yei$ F[i[ W bW c_bbedW# h_W _dl[hi_ÂŒd" [b [ijWZe Z[ Z_l[hiei ^eif_jWb[i Z[b fW‡i [i fh[YWh_e0 \WbjW _d\hW[ijhkYjkhW o [gk_fWc_[dje" ^Wo ^WY_dWc_[dje" de ^Wo ikĂ’Y_[dj[i cƒZ_Yei o bWi c[Z_#
Y_dWi [iYWi[Wd$ ;b fW‡i i[ ^W l_ije YedceY_edWZe feh bW ck[hj[ Z[ c|i Z[ )& d[e# dWjei [d =kWoWgk_b" Be`W o IWdje :ec_d]e Z[ bei Ji|Y^_bWi$ KdW _di# f[YY_ÂŒd gk[ [ij| h[Wb_pWdZe bW :[\[dieh‡W Z[b Fk[Xbe ck[ijhW gk[ [b fheXb[cW Z[ _diWbkXh_ZWZ [d [b |h[W Z[ D[edWjebe]‡W [i W d_l[b Z[ jeZe [b fW‡i$ ;d kd Yeckd_YWZe Z[ fh[diW" [b c_d_ijhe Z[ IWbkZ" :Wl_Z 9^_h_# Xe]W" i[‹WbÂŒ gk[ [b _d\ehc[ Z[ bei [if[Y_Wb_ijWi gk[ _dif[YY_edWhed [b >eif_jWb <hWdY_iYe Z[ OYWpW 8kijWcWdj[ Z[j[hc_dÂŒ gk[ bW ck[hj[ Z[ '' d[edWjei i[ Z[X_ÂŒ W0 ÆZ[b_YWZW i_jkWY_ÂŒd Z[ bei d_‹ei" YedZ_Y_ed[i WcX_[djWb[i ^eif_jWbWh_Wi o Y_[hjWi fh|Yj_YWi Z[ Wj[dY_ÂŒdÇ$ BWi _dl[ij_]WY_ed[i Yedj_d‘Wd fWhW Z[j[hc_dWh W bei h[ifediWXb[i Z[ bei \Wbb[Y_c_[djei" f[he dWZW i[ _d\ehcW Z[ bWi WYY_ed[i W jecWh fWhW c[`ehWh bWi YedZ_Y_ed[i ^_]_ƒd_YWi Z[ bei ^eif_jWb[i" [if[Y_Wbc[dj[ [d bW lkbd[hWXb[ |h[W Z[ D[edWjebe]‡W o f[eh W‘d ieXh[ bW Wj[dY_ÂŒd gk[ Z[X[d Xh_dZWh W bei fWY_[dj[i gk_[d[i bWXehWd [d [ijW i[YY_ÂŒd$ FWhW [b WiWcXb[‡ijW B[edWhZe L_j[h_" bW Z[YbWhWjeh_W Z[ [c[h][dY_W de iebkY_edW [b fheXb[cW _dj[]hWb Z[ bW iWbkZ$ ÆFeZ[cei i[]k_h [d [c[h][dY_W feh '& W‹ei c|i" f[he de lWcei W YWcX_Wh bW h[Wb_ZWZ fehgk[ bei [i\k[hpei YW[d [d iWYe heje" c_[djhWi de i[ Zƒ kd l[hZWZ[# he YWcX_e Z[b ceZ[be iWd_jWh_e [d YkWdje W Wj[dY_ÂŒd efehjkdW jWdje [d c[Z_Y_dW YkhWj_lW YkWdje [d bW fh[l[dj_lW" jeZe i[]k_h| _]kWbÇ" c[dY_edÂŒ$ ;ijW Wi[l[hWY_ÂŒd i[ hWj_Ă’YW Yed bWi [ijWZ‡ij_YWi$ ;d [b ;YkWZeh" bW jWiW Z[ cehjWb_ZWZ [i Z[ '' feh YWZW '$&&& dWY_Zei l_lei" i[]‘d Y_\hWi Z[ Kd_Y[\ Z[ (&&/" Z[ Wbb‡ gk[ i[ h[gk_[hWd fbWd[i _dj[]hWb[i Z[ iWbkZ fh_cWh_W$
BW Z_h[YjehW Z[b >eif_jWb 8WYW Ehj_p" 7b[nWdZhW Hei[he" i[‹WbÂŒ gk[ bWi fh_dY_fWb[i YWkiWi fWhW gk[ bei c[deh[i _d]h[i[d W [ijW |h[W ied0 ZW‹e Y[h[XhWb" _d\[YY_ed[i e fh[cWjkh[p" feh be gk[ [i d[Y[iWh_e cWd# j[d[h [ijh_YjWi dehcWi Z[ b_cf_[pW fWhW [l_jWh gk[ bei d[edWjei i[ Yed# jW]_[d Yed Wb]kdW XWYj[h_W$ Fh[Y_iWc[dj[ bW XWYj[h_W I[hhWj_W CWhY[diY[di \k[ bW gk[ fheZk`e [b Z[Y[ie Z[ , Z[ bei '' d[edWjei [d [b >eif_jWb <hWdY_iYe Z[ OYWpW 8kijW# cWdj[ Z[ =kWoWgk_b" [d jWdje bW XWYj[h_W ;dj[heXWYj[h cWjÂŒ W + Z[ bei '/ d[edWjei gk[ ckh_[hed [djh[ Z_Y_[cXh[ Z[ (&'& o [d[he Z[ [ij[ W‹e [d [b >eif_jWb ?i_Zhe 7oehW Z[ Be`W$ ;b ZWje c|i i_]d_Ă’YWj_le Z[ bW ck[hj[ Z[ d[edWjei i[ ^_pe f‘Xb_Ye [d [b ‘bj_ce _d\ehc[ Z[ bW :_h[YY_ÂŒd Fhel_dY_Wb Z[ IWbkZ Z[ Be`W$ 7bb‡ i[ h[l[bÂŒ bW ck[hj[ Z[ )&* X[Xƒi [d [b Ă›h[W Z[ D[edWjei [djh[ [b (&&, o [b (&'&$ ;b W‹e fWiWZe \Wbb[Y_[hed -( d[edWjei o [d be gk[ lW Z[ (&'' i[ h[]_ijhWd '/$ BW Yh_i_i [d bWi |h[Wi Z[ D[edWjebe]‡W de ied Z[ ^eo" [d bei ^eif_jWb[i DWfeb[ÂŒd :|l_bW" Z[ 9^ed[" o J[ÂŒĂ’be :|l_bW" Z[ CWY^WbW jWcX_ƒd i[ h[]_ijhWhed ck[hj[i [d W‹ei Wdj[h_eh[i$ ;d cWoe Z[ (&&," [d 9^ed[" \Wbb[Y_[hed (, d[edWjei$ ;d CWY^WbW" [d `kb_e Z[ (&&+" kd _d\ehc[ Z[ bW :_h[YY_ÂŒd Z[ IWbkZ Z[ ;b Ehe i[‹WbÂŒ bW ck[hj[ Z[ ./ h[Y_ƒd dWY_Zei$ 8.1ĹŠ/1#! 4!(¢-
;d [b |h[W Z[ D[edWjebe]‡W Z[b >eif_jWb FWXbe 7hjkhe Ik|h[p" [d Gk_je" i[ [njh[cWd c[Z_ZWi Z[ i[]kh_ZWZ fWhW de YedjW]_Wh W bei c[deh[i Yed d_d]kdW XWYj[h_W$ Æ7dj[i Z[ [djhWh W [ijW |h[W dei bWlWcei bWi cWdei" dei h[Ye][cei [b YWX[bbe o dk[ijhW l[ij_c[djW i_[cfh[ [ij| _cf[YWXb[Ç" WĂ’hcW kdW [d\[hc[hW Z[ [ij[ ^eif_jWb$ ;b [nc_d_ijhe Z[ IWbkZ" <hWdY_iYe 7dZ_de" cWd_\[ijÂŒ gk[ YkWd# Ze [n_ij[ kd Wkc[dje Z[ bei ‡dZ_Y[i Z[ cehjWb_ZWZ [d kd ^eif_jWb" be fh_c[he gk[ i[ Z[X[ h[Wb_pWh [i kdW WkZ_jeh‡W cƒZ_YW$ ÆBWi fhk[XWi Y_[dj‡ÒYWi#jƒYd_YWi Z[j[hc_dWh|d bW ck[hj[ Z[ bei d[edWjei" bWi Wk# jeh_ZWZ[i iWd_jWh_Wi Z[X[d Wkjeh_pWh bei Wd|b_i_i f[hj_d[dj[i [d [ij[ YWieÇ" i[‹WbÂŒ$ Feh ik fWhj[" [b WiWcXb[‡ijW B[edWhZe L_j[h_ Z_`e gk[ [d [b YWie Z[ bW ck[hj[ Z[ d[edWjei [d [b >eif_jWb <hWdY_iYe Z[ OYWpW 8kijWcWdj[ Z[ =kWoWgk_b ^Wo h[ifediWX_b_ZWZ WZc_d_ijhWj_lW Z[ bWi fhef_Wi Wkjeh_# #.- 3.2ĹŠ#-ĹŠ/#+(%1. Bei fWY_[dj[i gk[ _d]h[iWd Wb |h[W Z[ D[edWjebe]‡W ied fh[cWjkhei [n# ZWZ[i Z[ iWbkZ feh bW Z[iWj[dY_ÂŒd Z[ bei h[gk[h_c_[djei Z[ [ij[ Y[djhe jh[cei" fehgk[ ied cko \h|]_b[i o de j_[d[d X_[d \ehcWZei iki ÂŒh]Wdei Wi_ij[dY_Wb$ 7]h[]ÂŒ gk[ jhWj|dZei[ Z[ kd ^eif_jWb Z[ j[hY[h d_l[b" [iW _dj[hdei o j[`_Zei" feh be gk[ ikh][d Yecfb_YWY_ed[i o Z[X[d f[hcWd[# kd_ZWZ Z[ iWbkZ YedjWXW Yed kd 9ec_jƒ Z[ ?d\[YY_ed[i gk[ YedeY‡W Z[ Y[h [d Yk_ZWZei ^WijW gk[ fk[ZWd Z[\[dZ[hi[$ bei fheXb[cWi iWd_jWh_ei [n_ij[dj[i$
ĹŠĹŠ .".ĹŠ#, 1 9.ĹŠ"# #ĹŠ++#% 1ĹŠ-.1, +Äą Ĺ—,#-3#ĹŠ ĹŠ+ 2ĹŠÄŒÄ‡ĹŠ2#, - 2ĔŊ/#1.ĹŠ,#-.1ĹŠ ĹŠ+ 2ĹŠ
4-%41 '4
ÄŠÄ‘ĹŠ2#, - 2ĹŠ2.-ĹŠ/ !(#-3#2ĹŠ!.-2("#1 ".2ĹŠ /1#3_1,(-.2Ä“ĹŠ
+3 Ŋ#2/ !(. Ŋ$ +3 Ŋ"#Ŋ(-$1 #2314!341 Ŋ8Ŋ"#Ŋ! , 2Ŋ#2Ŋ4-.Ŋ"#Ŋ+.2Ŋ ŗ/1.ŊŊŊ +#, 2Ŋ"#+Ŋ .2/(3 +Ŋ .!#-3#Ŋ"#Ŋ , 3.Ŋĸ ĚĔŊ
Ŋ .2Ŋ/1#3_1,(-.2Ŋ#731#,.2Ŋ2.-Ŋ,#-.1#2Ŋ ŗ Ŋ+ 2ŊĊćŊ2#, - 2Ŋ!.-Ŋ,4!'.Ŋ1(#2%.Ŋ/.1Ŋ 24Ŋ ).Ŋ/#2.ē
ĹŠ ĹŠ #.- 3.+.%~ ĹŠ2.+.ĹŠ5 -ĹŠ/ !(#-3#2ĹŠ04#ĹŠ Ĺ—3(#-#-ĹŠ +%ĂŒ-ĹŠ/1. +#, ĹŠ"#ĹŠ/1#, 341.ĹŠ.ĹŠ , +$.1, !(.-#2ĹŠ!.-%_-(3 2Ä“ĹŠ
Ŋ +Ŋ!.-31.+Ŋ/1#- 3 +Ŋ#2Ŋ(-"(2/#-2 +#Ŋ/ 1 Ŋ ŗ#5(3 1Ŋ- !(,(#-3.2Ŋ/1#, 341.2ĔŊ!.-Ŋ#-$#1Ĺ ,#" "#2Ŋ!.-%_-(3 2Ŋ8Ŋ.31.2Ŋ, +#2ē
ĹŠĹŠ ĹŠ#" "ĹŠ"#ĹŠ+ 2ĹŠ, "1#2ĹŠ3 , (_-ĹŠ(-Ä„48#-ĹŠ Ĺ—#-ĹŠ#+ĹŠ- !(,(#-3.ĹŠ"#ĹŠ-( .2ĹŠ!.-ĹŠ +%ĂŒ-ĹŠ3(/.ĹŠ "#ĹŠ#-$#1,#" "Ä“
Ä“ĹŠ 2ĹŠ#-$#1,#1 2ĹŠ"# #-ĹŠ3.Äą , 1ĹŠ+ 2ĹŠ1#2/#3(5 2ĹŠ,#"(" 2ĹŠ"#ĹŠ'(%(#-#ĹŠ / 1 ĹŠ#5(3 1ĹŠ#+ĹŠ!.-3 %(.ĹŠ"#ĹŠ!4 +04(#1ĹŠ !3#1( ĹŠ ĹŠ+.2ĹŠ1#!(_-ĹŠ- !(".2Ä“ĹŠ
#7/+(! ĹŠ24ĹŠ"(1#!3.1ĔŊ /(+(.ĹŠ ¢1".5 Ä“ #.- 3.+.%~ ĹŠ3(#-#ĹŠ4- ĹŠ! / !(" "ĹŠ"#ĹŠÄˆÄŒĹŠ! , 2ĔŊ/#1.ĹŠ "# (".ĹŠ +ĹŠ(-!1#,#-3.ĹŠ"#ĹŠ/1#, 341.2ĹŠ#731#,.2ĔŊ#-ĹŠ#+ĹŠĂŒ+3(,.ĹŠ ,#2ĹŠ2#ĹŠ' ĹŠ3#-(".ĹŠ04#ĹŠ#73#-"#1ĹŠ ĹŠÄ‰ÄŒĹŠ! , 2ĔŊ/.1ĹŠ+.ĹŠ04#ĹŠ41%#ĹŠ 4- ĹŠ-4#5 ĹŠ(-$1 #2314!341 Ä“ĹŠ ¢1".5 ĹŠ(-"(!¢Ŋ04#ĹŠ/#2#ĹŠ ĹŠ+.2ĹŠ !4(" ".2ĹŠ"#ĹŠ (.2#%41(" "ĹŠ-.ĹŠ2#ĹŠ2 #ĹŠ+ 2ĹŠ!.-"(!(.-#2ĹŠ#-ĹŠ 04#ĹŠ5(#-#ĹŠ4-ĹŠ-#.- 3.ĔŊ/.104#ĹŠ-.ĹŠ2#ĹŠ!.-.!#ĹŠ+ 2ĹŠ!.-"(!(.-#2ĹŠ "#ĹŠ2 +4 1(" "ĹŠ04#ĹŠ345.ĹŠ#-ĹŠ#+ĹŠ/ 13.ĹŠ.ĹŠ,4!' 2ĹŠ"#ĹŠ+ 2ĹŠ5#!#2ĹŠ 2.-ĹŠ # _2ĹŠ1#!4/#1 ".2ĹŠ"#ĹŠ+ ĹŠ! ++#ĹŠ8ĹŠ#7(23#ĹŠ#+ĹŠ1(#2%.ĹŠ"#ĹŠ04#ĹŠ
!.-31 (% -ĹŠ +%4- ĹŠ#-$#1,#" "ĹŠ8ĹŠ!.-3 %(#-ĹŠ ĹŠ+.2ĹŠ"#,;2ĹŠ -( .2ĹŠ,#"( -3#ĹŠ(-$#!!(.-#2ĹŠ!149 " 2Ä“ #-31.ĹŠ"#+ĹŠ;1# ĹŠ2#ĹŠ31 ) ĹŠ!.-ĹŠ31#2ĹŠ,_"(!.2ĹŠ31 3 -3#2ĹŠ "(231( 4(".2ĹŠ#-ĹŠ5 1(.2ĹŠ341-.2ĔŊ#-$#1,#1 2ĹŠ8ĹŠ,_"(!.2ĹŠ1#2(Äą "#-3#2ĹŠ04#ĹŠ!.-.!#-ĹŠ24ĹŠ31 ).ĔŊ "#,;2ĹŠ"#+ĹŠ -!.ĹŠ"#ĹŠ+#!'#ĹŠ 04#ĹŠ/#1,(3#ĹŠ"#2(-$#!3 1ĹŠ+ ĹŠ+#!'#ĹŠ"#ĹŠ, "1#2ĹŠ".- -3#2Ä“ -ĹŠÄ‰Ä‡ÄˆÄ‡ĹŠ2#ĹŠ 3#-"(#1.-ĹŠ#-ĹŠ#23 ĹŠ! 2 ĹŠ"#ĹŠ2 +4"ĹŠ31#2ĹŠ,(+ĹŠ ĉĒĊŊ/ 13.2ĔŊ"#ĹŠ+.2ĹŠ!4 +#2ĹŠ2#ĹŠ1#%(231 1.-ĹŠ,(+ŊĉÄ?Ä‘ĹŠ!#2;1# 2ĔŊ /.1ĹŠ+.ĹŠ04#ĹŠ,4!'.2ĹŠ"#ĹŠ#23.2ĹŠ! 2.2ĹŠ2.-ĹŠ/1#, 341.2ĹŠ#731#Äą ,.2Ä“ĹŠ -ĹŠ#-#1.ĹŠ2#ĹŠ1#%(231 1.-ĹŠ".2ĹŠ-#.- 3.2ĹŠ,4#13.2ĹŠ"# (".ĹŠ ĹŠ".2ĹŠ$ !3.1#2ĔŊ+ 2ĹŠ!.,/+(! !(.-#2ĹŠ#-ĹŠ24ĹŠ#23 ".ĹŠ"#ĹŠ2 +4"ĹŠ8ĹŠ + 2ĹŠ"#$.1,(" "#2ĹŠ!.-%_-(3 2ĹŠ04#ĹŠ $#!3 -ĹŠ ĹŠ,4!'.2ĹŠ8ĹŠ-.ĹŠ 5(5#-ĹŠ,;2ĹŠ"#ĹŠÄŒÄ‘ĹŠ'.1 2Ä“ĹŠĹŠĹŠĹŠ
- ~
-ũ '.-#ũ-.ũ' 8ũ!4+/ +#2 ũũũ ũ!(-!.ũ .2ũ"#ũ+ ũ,4#13#ũ"#ũĉďũ-( .2ũ#-ũ#+ũ-.2.!.,(.ũ ŗĥ /.+#¢-ũ ;5(+ ũ ¢1". Ħũ"#ũ '.-#Ĕũ- "(#ũ#23;ũ"#3#-(".ēũ
Ċđũ,4#13#2ũ #-ũĉćĈć
%.3 " 2ũ+ 2ũ(-23 -!( 2ũ)4"(!( +#2ũ#-ũ#+ũ/ ~2Ĕũ+.2ũ/ "1#2ũ"#ũ+ 2ũ 5~!3(, 2ũ#2/#1 -ũ+ ũ"#!(2(¢-ũ"#ũ+ ũ .,(2(¢-ũ -3#1 ,#1(! - ũ "#ũ #1#!'.2ũ 4, -.2ũ#-ũũ 2'(-%3.-Ĕũ ă1,¢ũ (! 1".ũ #1-;-"#9Ĕũ .% ".ũ"#ũ+.2ũ/ "1#2ēũ 7/+(!¢ũ04#ũ-.ũ#7(23#-ũ,.-3.2ũ"#3#1,(- ".2ũ"#ũ(-"#,ı -(9 !(¢-ēũ (-ũ#, 1%.Ĕũ3." ũ2#-3#-!( ũ"#ũ+ ũ .13#ũ(,/+(! ũ 4- ũ2 -!(¢-ũ,.1 +ũ +ũ 23 ".ũ8ũ4- ũ1#/ 1 !(¢-ũ%#-#1 +,#-3#ũ /#!4-( 1( ũ ũ+.2ũ/ "1#2ũ $#!3 ".2ũ!.-ũ+ 2ũ,4#13#2ũ"#ũ242ũ -#.- 3.2ēũ
ũ"(1#!3.1 ũ"#+ũ .2/(3 +Ĕũ #13'8ũ +!~5 1Ĕũ1#!.1"¢ũ04#ũ "#ũ+.2ũĉďũ$ ++#!(".2Ĕũ2.+.ũĈćũ$4#1.-ũ!.-ũ"( %-¢23(!.2ũ"#ũ 2#/2(2ėũ"#ũ+.2ũ.31.2ũĈďũ/ !(#-3#2ĔũĈĈũ$4#1.-ũ!.-ũ"( %-¢23(!.2ũ "#ũ,#, 1 - ũ'( +(- ũ/.1ũ/1#, 341#9ũ#731#, Ĕũ8ũĎũ/.1ũ, +ũ $.1, !(¢-ũ!.-%_-(3 ũ8ũ.31.2ũ3(/.2ũ"#ũ -;+(2(2ē 1 ũ+ ũ"(1#!3.1 ũ"#+ũ .2/(3 +Ĕũ#2 ũ, + ũ#7/#1(#-!( ũ5(5(" ũ #-ũ#2 ũ_/.! ũ04#"¢ũ 31;2ēũ #ũ! , (¢ũ3.3 +,#-3#ũ#+ũ2(23#, ũ ēũ +ũ .2/(3 +ũ"#ũ '.-#ũ#23;ũ ).ũ,#).1 2ũ!.-23 -3#2ē "#ũ (1#ũ !.-"(!(.- ".ũ"#ũ+ ũ(-23(34!(¢-ũ!.-ũ#+ũ2(23#, ũ"#ũ "4!3.1~ Ĕũ2#ũ'(9.ũ1# "#!4 !(.-#2ũ$~2(! 2ũ#-ũ-#.- 3.+.%~ Ĕũ!1# 1.-ũ!.,(3_2ũ"#ũ(-$#!!(.-#2ũ(-31 '.2/(3 + 1( 2Ĕũ/.3#-!( +(9 1.-ũ #+ũ+ .1 3.1(.ũ#-ũ#+ũ;1# ũ"#ũ !3#1(.+.%~ ũ/ 1 ũ/."#1ũ1# +(9 1ũ"#-31.ũ"#ũ+ ũ(-23(34!(¢-ũ+.2ũ1#2/#!3(5.2ũ!4+3(5.2ũ04#ũ+.2ũ/ !(#-3#2ũ -#!#2(3 -ũ8ũ2. 1#ũ3.".ũ#+ũ/#12.- +ũ$4#ũ! / !(3 ".ē 7/+(!¢ũ04#ũ-#.- 3.+.%~ ũ2#ũ,#).1¢ũ24ũ(-$1 #2314!341 ũ$~2(! ũ8ũ#04(/ ,(#-3.ēũ ũ! / !(" "ũ"#+ũ;1# ũ#2ũ/ 1 ũĈĉũ-#.- 3.2ũ8ũ !4#-3 -ũ!.-ũ5#-3(+ ".1ũ,#!;-(!.Ĕũ(-!4 ".1 ũ8ũ.31.2ũ#04(/ ,(#-3.2Ĕũ#2ũ"#!(1ũ#+ũ;1# ũ#23;ũ$.13 +#!(" ēũ #).1 2ũ2(,(+ 1#2ũ2#ũ1#%(231 -ũ#-ũ+.2ũ'.2/(3 +#2ũ #1"(ũ #5 ++.2ũ +" ũ"#ũ .13.5(#).Ĕũ $ #+ũ ."1~%4#9ũ , 1 -.ũ "#ũ -3 ũ8ũ+.2ũ'.2/(3 +#2ũ"#ũ '~ ũ"#ũ 1;04#9ũ8ũ"#ũ (/() / ēũ -!+42.ũ+.2ũ!4 31.ũ'.2/(3 +#2ũ#-ũ,#-!(¢-Ĕũ(-!+4(".ũ#+ũ"#ũ '.-#Ĕũ$4#1.-ũ5(2(3 ".2ũ#+ũ/ 2 ".ũ2; ".ũ/.1ũ#+ũ,(-(231.ũ"#ũ +4"Ĕũ 5("ũ '(1( .% Ĕũ04(#-ũ2#ũ,.231¢ũ2 3(2$#!'.ũ/.1ũ+.2ũ ! , (.2ũ(,/+#,#-3 ".2ē
.3./ 7(
4- ũ;1# ũ"#ũ #.- 3.+.%~ ũ#-ũ+ ũ/1.5(-!( ũ "#+ũ 1!'(Ĕũ/#1.ũ#23 ũ#2ũ(-3#1,#"( Ĕũ#2ũ "#!(1ũ2(ũ.!411#ũ4-ũ! 2.ũ"#ũ#,#1%#-!( ũ#+ũ / !(#-3#ũ3(#-#ũ04#ũ2#1ũ31 2+ " ".ũ ũ 4(3.ē -ũĉćĈćĔũ#+ũ'.2/(3 +ũ1#%(231¢ũ4- ũ3 2 ũ "#ũ,.13 +(" "ũ"#+ũćĔČĉŘĔũ"#ũĈũďĊĐũ- !(ı ".2ũ5(5.2ũĈĊũ$ ++#!(#1.-ũ/.1ũ2#1ũ/1#, 34ı 1.2Ĕũ3#-#1ũ 2#/2( ũ +ũ- !#1ũ!.-ũ/ 13#1 2ũ .ũ +ũ++#% 1ũ ũ" 1ũ/ 13.ũ#, 1 9 " 2ũ04#ũ ēũ -ũ+ ũ/1.5(-!( ũ"#+ũ 1!'(ũ -.ũ345(#1.-ũ 3#-!(¢-ũ,_"(! ũ"41 -3#ũ 2#ũ1#%(231 1.-ũĈĊũ,4#13.2ũ#-ũ#+ũ;1# ũ + ũ%#23 !(¢-ēũ 23.2ũ! 2.2ũ2#ũ/1#2#-3 ũ "#ũ #.- 3.+.%~ ũ/.1ũ"($#1#-3#2ũ! 4ı #-ũ/. + ".1#2ũ"#ũ+ 2ũ!.,4-(" "#2ũ 2 2Ĕũ#+ũ .ũ/ 2 ".ē 6;Ĕũ04#ũ' (3 -ũ +ũ-.1.#23#ũ#-ũ9.- 2ũ +#) " 2ũ ũ+ ũ/1.5(-!( Ĕũ04(#-#2ũ++#% -ũ !.-ũ24$1(,(#-3.ũ$#3 +ũ +ũ'.2/(3 +ē +ũ;1# ũ!4#-3 ũ!.-ũ-4#5#ũ(-!4 ".1 2Ĕũ".2ũ"#ũ31 -2/.13#ũ"#ũ-#.- 3.2Ĕũ4-ũ 1#2/(1 ".1ũ"#ũ31 -2/.13#ũ/ 1 ũ2#1ũ31 2+ " ".ũ#+ũ/ !(#-3#ũ#-ũ! 2.ũ"#ũ#,#1%#-!( ũ +ũ '.2/(3 +ũ,;2ũ!#1! Ĕũ#-ũ#23#ũ! 2.ũ .2/(3 +ũ ! ũ 13(9ũ"#ũ+ ũ!(4" "ũ"#ũ 4(3.ēũ
.2ũ% +#-.2ũ +ũ$1#-3#ũ"#ũ#+ũ;1# ũ2.-Ėũ".2ũ/#"( 31 2Ĕũ4- ũ#-$#1,#1 ũ+~"#1Ĕũ4-ũ1#2("#-ı 3#ũ$().Ĕũũ4- ũ#-$#1,#1 ũ"#ũ/+ -3 ũ"#ũ!4(" ".ũ"(1#!3.ũ/ 1 ũ#+ũ/ !(#-3#ũ8ũ!(-!.ũ"#ũ!.-31 ı 3.Ĕũ4-ũ31 ) ".1ũ2.!( +Ĕũ31#2ũ 47(+( 1#2ũ"#ũ#-$#1,#1~ Ĕũ(-3#1-.2ũ1.3 3(5.2ũ"#ũ,#"(!(- ũ8ũ "#ũ#-$#1,#1~ ēũ ũ! 42 2ũ$1#!4#-3#2ũ/.1ũ+ ũ04#ũ++#% -ũ+.2ũ-( .2ũ ũ#23 ũ;1# ũ#2ũ/.1ũ2#1ũ /1#, 341.2Ĕũ2#/2(2ũ-#.- 3 +Ĕũ-#4,.-~ Ĕũ#3#1.ũ!.+(3(2ũ-#!1.3(2 -3#ũĸ24$1(,(#-3.ũ$#3 +Ĕũ.ũ !.-ũ4- ũ !3#1( ũ/1."4!3.ũ"#ũ-.ũ 3#-!(¢-ũ,_"(! Ĺēũ 23.2ũ2.-ũ+ 2ũ$ !3.1#2ũ/ 1 ũ04#ũ2#ũ "_ũ+ ũ3 2 ũ"#ũ,.13 +(" "Ĕũ! #ũ,#-!(.- 1ũ04#ũ#-ũ+ ũ3 2 ũ3 , (_-ũ(-%1#2 -ũ+.2ũ # _2ũ 04#ũ,4#1#-ũ#-ũ+ 2ũ9.- 2ũ141 +#2ũ"#ũ+ ũ/1.5(-!( ē
ă
ũũ .".2ũ+.2ũ'.2/(3 +#2ũ/Ì +(!.2ũ"#ũ +ũ 1.ũ!4#-3 -ũ!.-ũ4- ũ -(" "ũ"#ũ -3#1ı ŗ,#"(.2ũ"#ũ #.- 3.+.%~ Ĕũ/#1.ũ2.+.ũ#+ũ .2/(3 +ũ #¢ă+.ũ ;5(+ ũĸ Ĺũ3(#-#ũ4- ũ
-(" "ũ"#ũ 4(" ".2ũ -3#-2(5.2ũ"#ũ #.- 3.+.%~ ũĸ Ĺũ/ 1 ũ 3#-"#1ũ ũ+.2ũ1#!(_-ũ - !(".2ũ"#ũ3." ũ+ ũ/1.5(-!( ũ8ũ2#!3.1#2ũ +#" .2ē +ũ ũ!.,.ũ'.2/(3 +ũ 2#ũ!4#-3 ũ!.-ũ4-ũ3.3 +ũ"#ũĈďũ#04(/.2ũ#-31#ũ!4-#1.2Ĕũ (-!4 ".1 2Ĕũ3#1,.!4- 2Ĕũ5#-3(+ ".1#2ũ,#!;-(!.2Ĕũ/ 1 ũ 3#-"#1ũ ũ+.2ũďĉĊũ-( .2ũ 04#ũ(-%1#2 1.-ũ#+ũ .ũ -3#1(.1ũ ũ#2 ũ;1# Ĕũďĉĉũ#-ũ#+ũ .ũĉććĒĔũĎĎďũ#-ũ#+ũ .ũ ĉććđũ8ũĎĎČũ#-ũ#+ũĉććĐē
.2ũ1#!(_-ũ- !(".2ũ2.-ũ 3#-"(".2ũ/.1ũ31#2ũ,_"(!.2ũ31 3 -3#2Ĕũ31#2ũ,_"(!.2ũ 1#2("#-3#2ĔũĈĉũ#-$#1,#1 2ũ/1.$#2(.- +#2ũ8ũĈĈũ 47(+( 1#2Ĕũ,;2ũĉũ/#12.- 2ũ#-! 1% ı " 2ũ"#+ũ;1# ũ ",(-(231 3(5 ē -ũ#+ũ .ũĉćĈćĔũ#+ũ (-(23#1(.ũ"#ũ +4"ũ Ì +(! ũ1#%(231¢ũ+ ũ,4#13#ũ"#ũĊđũ-#.- ı 3.2ĔũĊĊũ"#ũ#++.2ũ$4#1.-ũ"#+ũ ũ8ũĎũ/#13#-#!(#1.-ũ +ũ .2/(3 +ũ -ũ (!#-3#ũ"#ũ Ì+ũ "#+ũ! -3¢-ũ 2 )#ē
2ũ/1(-!(/ +#2ũ! 42 2ũ"#ũ,4#13#Ĕũ2#%Ì-ũ(-"(!¢ũ#+ũ"(1#!3.1ũ"#ũ#23#ũ#23 +#!(ı ,(#-3.Ĕũ .-9 +.ũ . (9 Ĕũ2#ũ"# #-ũ +ũ%1 ".ũ"#ũ/1#, 341#9ũ%1 5#Ĕũ-( .2ũ04#ũ- !#-ũ !.-ũ/.! 2ũ#7/#!3 3(5 2ũ"#ũ5(" ēũ -($#23¢ũ04#ũ#23 ũ;1# ũ#2ũ/#04# ũ3 -3.ũ#-ũ1#!412.2ũ'4, -.2ũ!.,.ũ #-ũ#04(/.Ĕũ/.104#ũ+ ũ.!4/ !(¢-ũ"#+ũ#2/ !(.ũ#2ũ"#+ũĈććŘēũ #ũ 3(#-"#ũ ũ4- ũ /. + !(¢-ũ"#ũ+ ũ/1.5(-!( ũ8ũ$4#1 ũ"#ũ#++ ũ!.,.ũĥ .-!#ũ -1~04#9Ħũĸ 4 8 2Ĺũ 8ũ + ,.1ũĸ .) ĹĔũ04#ũ(-%1#2 -ũ+ ũ, 8.1~ ũ"#ũ+ 2ũ5#!#2ũ!.-ũ!4 "1.2ũ"#ũ !.,/+(! !(.-#2ē
. (9 ũ2# +¢ũ04#ũ#+ũ ũ-.ũ!4#-3 ũ!.-ũ4-ũ+ .1 3.1(.ũ"#ũ !3#1(.+.%~ ũ04#ũ /#1,(3 ũ1# +(9 1ũ#7;,#-#2ũ ũ+ 2ũ, "1#2ēũ 1 ũ#23.ũ2#ũ /1.5#!' 1;ũ+ ũ(-!+42(¢-ũ"#+ũ ũ"#-31.ũ"#ũ+ ũ#,#1%#-!( ũ2 -(3 1( ũ/ 1 ũ04#ũ2#ũ"_ũ31;,(3#ũ +ũ/#"(".ũ04#ũ' ũ 2(".ũ2.+(!(3 ".ē
ĈĊũ-#.- 3.2ũ' -ũ$ ++#!(".ũ#-ũ".2ũ,#2#2ũ ŗũũ -ũ#+ũ'.2/(3 +ũ1#%(.- +ũĥ 1ēũ 423 5.ũ .,~-%4#9Ħũ' -ũ,4#13.ũĈĊũ-#.- 3.2ũ#-ũ".2ũ ,#2#2ēũũ -ũ3.3 +ũ2#ũ 3#-"(#1.-ũ,;2ũ"#ũĈĊćũ,#-.1#2ũ04#ũ(-%1#2 1.-ũ ũ#23 ũ;1# ũ"# (".ũ
ēũ #!#- 2ũ"#ũ,4)#1#2ũ "#ũ/. + !(.-#2ũ"#ũ!(-!.ũ /1.5(-!( 2ũ++#% -ũ ũ" 1ũ ũ+49ũ +ũ .2/(3 +ũ1#%(.- +ũĥ 1ēũ 423 5.ũ .,~-%4#9Ħũ"#ũ -3.ũ .,(-%.ē
1!'(
,#1%#-!( 2ũ5 -ũ ũ 4(3. ŗũ ũ +ũ .2/(3 +ũ 4(2ũ ēũ ;5(+ ũ"#ũ+ ũ!(4" "ũ"#ũ 4+!;-ũ#2ũ+ ũÌ-(! ũ! 2 ũ"#ũ2 +4"ũ04#ũ3(#-#ũ
āăŏ ŏ ŏ ŏĂĀāā
ŏ +. Čŏ
-3.ũ .,(-%.
#"4!(".ũ#2/ !(. ŗũ ũ -ũ#+ũ2#%4-".ũ/(2.ũ"#+ũ .2/(3 +ũ 1.5(-!( +ũ #-#1 +ũ"#ũ 3 !4-% ũ#23;ũ4 (! " ũ #+ũ;1# ũ"#ũ #.- 3.+.%~ Ĕũ04#ũ + #1% ũ ũ,;7(,.ũ.!'.ũ-( .2ũ1#!(_-ũ- !(".2ēũ
+ũ"(1#!3.1ũ"#+ũ .2/(3 +Ĕũ .+~5 1ũ #11 -.Ĕũ#7/1#2¢ũ04#ũũ!4#-3 -ũ!.-ũ4-ũ,_"(!.ũ -#.- 3¢+.%.ũ8ũũ#-$#1,#1 2ũ04#ũ!4 1#-ũ+.2ũ31#2ũ341-.2ũ+ 2ũĉČũ'.1 2ũ"#+ũ"~ ē #11 -.ũ"().ũ04#ũ+ 2ũ.!'.ũ! , 2ũ#7(23#-3#2ũ!.11#2/.-"#-ũ +ũ/1.,#"(.ũ"#ũ #23 "~ ũ"#ũ+.2ũ1#!(_-ũ- !(".2Ĕũ3(#-#-ũ2(#3#ũ(-!4 ".1 2ũ8ũ4-ũ#04(/.ũ!.-ũ,.-(3.1ũ / 1 ũ"#2ă 1(+ !(¢-ũĸ/1.!#2.ũ#-ũ#+ũ04#ũ4-ũ"(2/.2(3(5.ũ#+#!31¢-(!.ũ ",(-(231 ũ4- ũ "#2! 1% ũ#+_!31(! ũ +ũ!.1 9¢-Ĺēũũġ 2ũ4-ũ2#15(!(.ũ"#ũ-#.- 3.+.%~ ũ,;2ũ.ũ,#-.2ũ#2ı 3 +#Ĕũ-4-! ũ/4#"#ũ2#1ũ!.,/+#3.ũ1#04#1(,.2ũ,;2ũ#2/ !(.Ĕũ,_"(!.2ũ8ũ#-$#1,#1 2ũ 04#ũ' !#-ũ4-ũ!4(" ".ũ"(1#!3.ũ!.-ũ#+ũ-#.- 3.ĢĔũ"().ũ#+ũ (1#!3.1ēũ -ũ 4)(+~Ĕũ! -3¢-ũ"#ũ .3./ 7(Ĕũũ-.ũ!4#-3 ũ!.-ũ#+ũ;1# ũ"#ũ #.- 3.+.%~ ēũ +ũ;1# ũ "#ũ2 +4"ũ"#ũ 4)(+~ũ3(#-#ũČũ3#1,.!4- 2ũ/#1.ũ2.+.ũ4- ũ"#ũ#++ 2ũ2#ũ43(+(9 ēũ +ũ,#2ũ 3(#-"#-ũũ4-ũ/1.,#"(.ũ"#ũĉćũ ũĉĎũ/ 13.2ē 23#+ ũ .-3#-#%1.Ĕũ+~"#1ũ"#ũ#,#1%#-!( ũ"#+ũũ;1# ũ"#ũ2 +4"ũ .ēũČũ 04(2(+~Ĕũ ,#-!(.-¢ũ04#ũ#++.2ũ3 ,/.!.ũ!4#-3 -ũ!.-ũ#+ũ#2/ !(.ũ-(ũ/#12.- +ũ,_"(!.ũ/ 1 ũũ -#.- 3.+.%~ ēũ .2ũ! 2.2ũ%1 5#2ũ2.-ũ31 2+ " ".2ũ ũ 3 !4-% ē
ŏ
+ũ 1.
2,#1 +" 2
1.8#!3.ũ/ 1 #.- 3.+.%~ ŗũũ
ũ"( 1(.ũ(-%1#2 -ũ"#ũ".2ũ ũ!4 31.ũ 1#!(_-ũ- !(".2Ĕũ+.ũ04#ũ" ũ4-ũ/1.,#ı "(.ũ"#ũĐćũ ũđćũ/ !(#-3#2ũ,#-24 +#2Ĕũ 3#-"(".2ũ#-ũ4-ũ;1# ũ"#ũďČũ,#31.2ũ !4 "1 ".2Ĕũ4 (! " ũ#-ũ+ ũ/1(,#1 ũ /+ -3 ũ +3 ũ"#ũ+ ũ! 2 ũ"#ũ2 +4"ē 1 ũ ,/+( 1ũ#23#ũ2#15(!(.Ĕũ!.-ũ ! / !(" "ũ/ 1 ũĉĎũ-#.- 3.2Ĕũ2#ũ /1#2#-3¢ũ4-ũ/1.8#!3.ũ +ũ (-(23#1(.ũ "#ũ +4"Ĕũ"#-31.ũ"#ũ+ ũ#,#1%#-!( ũ '.2/(3 + 1( ũ"#!+ 1 " ũ ũ(-(!(.2ũ"#ũ .ēũ .-ũ#23 ũ,#).1 ũ2#ũ3#-"1~ ũ4-ũ #2/ !(.ũ"#ũĈČćũ,#31.2ũ!4 "1 ".2ũ / 1 ũ+ ũ 3#-!(¢-ũ"#ũ+.2ũ-#.- 3.2ē -ũ#+ũ .2/(3 +ũĥ "1#ũ + #13.ũ 4Ă.-8ĦĔũ"#ũ 4(-(-"_Ĕũ2#ũ1#%(231 ũ 4-ũ/1.,#"(.ũ"#ũĈĉćũ/ 13.2ũ +ũ,#2ũũ 8ũ/.1ũ+ ũ$ +3 ũ"#ũ4-ũ+4% 1ũ".-"#ũ 2#ũ/4#" ũ 1(-" 1ũ+ 2ũ/1(,#1 2ũ 3#-!(.-#2ũ,_"(! 2ũ ũ+.2ũ1#!(_-ũ - !(".2ũ2#ũũ+.2ũ4 (! ũ)4-3.ũ ũ+ ũ , "1#ē 4 -".ũ2#ũ/1#2#-3 ũ +%4- ũ !.,/+(! !(¢-Ĕũũ+.2ũ # _2ũ2.-ũ31 -2ı $#1(".2ũ"#ũ, -#1 ũ(-,#"( 3 ũ ũ+ ũ !(4" "ũ"#ũ 2,#1 +" 2ē
ũ24ũ!1~3(!.ũ#23 ".ũ"#ũ2 +4"ēũũ ũ"( 1(.ũ2#ũ 3(#-"#-ũ#-31#ũĈĎũ8ũĉćũ/ 13.2ũ-.1, +#2Ĕũ ũ+.2ũ 04#ũ2#ũ24, ũ4- ũ! -3(" "ũ2(,(+ 1ũ"#ũ/ 13.2ũ/.1ũ!#2;1# ēũũũ #ũ+ 2ũ,4#13#2Ĕũ4- ũ2#ũ"(.ũ/.1ũ2#/2(2ũ.ũ(-$#!!(¢-ũ%#-#1 +(9 " Ĕũ,(#-31 2ũ04#ũ +.2ũ.31.2ũġ. #"#!(#1.-ũ ũ! 42 2ũ/1#, 341 2ĢĔũ2#%Ì-ũ, -($#23¢ũ 3 +(- ũ -".5 +Ĕũ "(1#!3.1 ũ"#+ũ .2/(3 +ēũ +ũ,(_1!.+#2ũĒũ"#ũ, 19.ũ2#ũ!#11¢ũ#+ũ;1# ũ/.1ũĐĉũ'.1 2ũ8ũ2#ũ/1.!#"(¢ũ ũ $4,(% 1ũ8ũ#23#1(+(9 1ũ#+ũ;1# ũ/ 1 ũ#5(3 1ũ+ ũ/1./ % !(¢-ũ"#ũ(-$#!!(.-#2ũ/.1ũ !+#/2(#+ 2Ĕũ/2#4".,.- 2ũ8ũ#23 ă+.!.!.2Ĕũ04#ũ2.-ũ5(142ũ8ũ !3#1( 2ũ04#ũ2#ũ "#3#!3 1.-ũ#-ũ#23 ũ2#!!(¢-Ĕũ!48 ũ! / !(" "ũ#2ũ/ 1 ũđũ! , 2Ĕũ/#1.ũ"# (".ũ ũ+ ũ #7!#2(5 ũ"#, -" ũ2#ũ ,/+(¢ũ ũĈďē .1ũ.31 ũ/ 13#Ĕũ2#ũ#2/#1 ũ04#ũ2#ũ!4+,(-#ũ+ ũ ,/+( !(¢-ũ"#+ũ;1# ũ"#ũ (-#!.+.%~ Ĕũ !48 ũ#"(ă! !(¢-ũ#23;ũ 5 -9 " ũ#-ũ4-ũđĎŘĔũ/#1.ũ +ũ-.ũ#7(23(1ũ4- ũ/1(,#1 ũ/+ -3 ũ -.ũ2#ũ/4#"#ũ!.-!+4(1ēũ 23 2ũ,."#1- 2ũ(-23 + !(.-#2ũ#23;-ũ/ 1 +(9 " 2ũ"#2"#ũ#+ũ .ũĉććđē
.)
4#13#2ũ/1#.!4/ ŗũ ũ +ũ .ũ/ 2 ".ũ$ ++#!(#1.-ũĐĉũ-#.- 3.2ũ8ũ#-ũ+.ũ04#ũ5 ũ"#ũĉćĈĈũ2#ũ1#%(231 -ũĈĒēũ
ũ !3#1( ũ04#ũũ $#!3¢ũ#23#ũ .ũ +ũ .2/(3 +ũ 2("1.ũ 8.1 ũ"#ũ .) ũ, -3(#-#ũ#-ũ5(+.ũ
ũ/ !(#-3#2ũ"#ũ+ ũ! 2 ũ"#ũ2 +4"ũ#ũ'(9.ũ04#ũ+ 2ũĈĊũ:1# 2ũ"#ũ +4"ũ#-ũ+ ũ/1.5(-!( Ĕũ (-!+4(" ũ+ ũ"#ũ+ ũ!(4" "Ĕũ2# -ũ. 2#15 " 2ũ!.-ũ"#3#-(,(#-3.ũ/.1ũ+ ũ #$#-2.1~ ũ"#+ũ 4# +.Ĕũ+ ũ (2! +~ Ĕũ (-(23#1(.ũ"#ũ +4"ũ8ũũ+ ũ 2 , +#~23 ũ ~5# ũ _+#9ē ũũũũ +ũ;1# ũ"#ũ #.- 3.+.%~ ũ2.+.ũ#7(23#ũ#-ũ#23#ũ'.2/(3 +ēũ -ũ+ ũ/1.5(-!( ũ-.ũ' 8ũ.31 ũ -(" "ũ04#ũũ.$1#9! ũ#2#ũ2#15(!(.Ĕũ/.1ũ#++.ũ2#ũ)423(ă! ũ+ ũ"#, -" ũ"#ũ,4)#1#2ũ #, 1 9 " 2ũũ#-ũ#+ũ 2("1.ũ 8.1 ēũ -ũ#2 ũ! 2 ũ"#ũ2 +4"Ĕũ"( 1( ,#-3#ũ- !#-ũ#-31#ũ Ĉĉũ8ũĈĎũ-( .2ēũũ -ũ +%4-.2Ĕũ ũ"#!(1ũ"#+ũ"(1#!3.1ũ"#+ũ'.2/(3 +Ĕũ -(#+ũ 234"(++.Ĕũ2#ũ /1#2#-3 -ũ! 2.2ũ!.-%_-(3.2ũ.ũ/ 3.+.%~ 2ũ04#ũ2.-ũ31 3 " 2ũ#-ũ3#1 /( ũ(-3#-2(5 ũ "#ũ #.- 3.+.%~ ēũ +ũ 2("1.ũ!4#-3 ũ!.-ũ#04(/.2ũ/ 1 ũ#2 ũ 3#-!(¢-Ĕũ2(-ũ#, 1%.ũ + 2ũ,4#13#2ũ"#ũ-#.- 3.2ũ' ũ/1.5.! ".ũ(-!#13("4, 1#Ĕũ8ũ 4-04#ũ+ ũ"#, -" ũ2#ũ , -3(#-#Ĕũ#+ũ3#,.1ũ#-31#ũ$ ,(+( 1#2ũ#2ũ#5("#-3#ēũ 42ũ1.231.2ũ/.2##-ũ.31.ũ2#, + -ı 3#ũ +ũ5#1ũ!¢,.ũ(-%1#2 -ũ242ũ/ 1(#-3#2ũ +ũ;1# ũ"#ũ 3#1-(" "ēũ
¡ ēũ +ũ;1# ũ"#ũ!4(" ".2ũ(-3#-2(5.2ũ"#ũ #.- 3.+.%~ ũ(-%1#2 -ũ+.2ũ -#.- 3.2ũ04#ũ3(#-#-ũ#-31#ũĊćũ8ũĊĉũ2#, - 2ũ"#ũ- !(".2ē
ƒ ą
Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
- 4%41 1;-ĹŠ!#-31.ĹŠ/1."4!3(5.
&Ĺ‹*,#' ,Ĺ‹ (.,)Ĺ‹ Ĺ‹ ) Ĺ‹3Ĺ‹Ĺ‹ #- ˜)Ĺ‹ Ĺ‹ / ,)Ĺ‹3Ĺ‹ &4 )Ĺ‹ &Ĺ‹* v-Ĺ‹- Ĺ‹#( /!/, ,6Ĺ‹' ˜ ( Ĺ‹ Ĺ‹& -ŋÝúĆýúŋ (Ĺ‹& Ĺ‹- & Ĺ‹ Ĺ‹ )), #( #š(Ĺ‹ ( , &Ĺ‹ '#(#-., .#0 Ĺ‹ #( ( # , Ĺ‹ &Ĺ‹ #(#-. ,#)Ĺ‹ Ĺ‹ Ĺ‹ ( /-.,# -Ĺ‹3Ĺ‹ ,) / .#0# Ä…Ĺ‹ (Ĺ‹& Ĺ‹ &)3Ĺ‹ & ,)Ĺ‹3Ĺ‹ ' 4)( -Ä…Ĺ‹ &Ĺ‹(),. Ĺ‹ Ĺ‹ /#.)Ä„
#%(231.ĹŠ"#ĹŠ(,/.13 ".1#2
+ĹŠ .,(3_ĹŠ"#ĹŠ .,#1!(.ĹŠ 73#1(.1Ŋĸ .,#7ĚĔŊ#23 +#!(¢Ŋ4-ĹŠ #%(231.ĹŠ"#ĹŠ ,/.13 ".1#2ĔŊ !.,.ĹŠ1#04(2(3.ĹŠ. +(% 3.1(.ĹŠ/ 1 ĹŠ+ ĹŠ!.,/1 ĹŠ"#ĹŠ5#'~!4+.2ĔŊ!#+4+ 1#2ĔŊ1#$1(%#1 ".1 2ĔŊ -#4,;3(!.2ĔŊ/1."4!3.2ĹŠ"#ĹŠ, "#1 ĹŠ8ĹŠ.31.2ĹŠ (#-#2ĹŠ04#ĹŠ2#ĹŠ#-!4#-31 -ĹŠ!+ 2(ÄƒĹŠ! ".2ĹŠ#-ĹŠ 4- ĹŠ+(23 ĹŠ"#ĹŠÄ?ĉŊ24 / 13(" 2Ä“ĹŠ +ĹŠ1#%(231.ĹŠ. +(% 3.1(.ĹŠ#-31¢Ŋ#-ĹŠ5(%#-!( ĹŠ"#2"#ĹŠ 8#1Ä“
/! Ĺ‹ Ĺ‹ )' /-.# & Ĺ‹- Ĺ‹ )(.,)& ,6Ĺ‹ )(Ĺ‹ "#* +ĹŠ . (#1-.ĹŠ(,/+#,#-3 1;ĹŠ4-ĹŠ/+ -ĹŠ/(+.3.ĹŠ / 1 ĹŠ!.-.!#1ĹŠ+ ĹŠ! -3(" "ĹŠ#7 !3 ĹŠ04#ĹŠ!.-Äą 24,#-ĹŠ+.2ĹŠ5#'~!4+.2Ä“
ĹŠ -31#ĹŠÄ?ćŊ8ĹŠÄˆÄ’ÄŽĹŠ ,(++.-#2ĹŠ"#ĹŠ "¢+ 1#2ĹŠ"#, -Äą " 1;ĹŠ+ ĹŠ /+(! Äą !(¢-ĹŠ"#ĹŠ#23#ĹŠ/1.Äą 8#!3.ĹŠ ĹŠ#2! + ĹŠ - !(.- +Ä“ĹŠ
Ä“ĹŠ .2ĹŠ"(2/.2(3(5.2ĹŠ2#ĹŠ!.+.! 1;-ĹŠ#-ĹŠ/(23.+ 2ĹŠ"(2/#-2 ".1 2ĹŠ8ĹŠ#-ĹŠ3 -04#2ĹŠ "#ĹŠ5#'~!4+.2Ä“ĹŠĹŠ
;b =eX_[hde Z[j[YjÂŒ gk[ ]hWd fWhj[ Z[b YecXkij_Xb[ fWhW Yed# jhWXWdZe e Z[il‡e i[ lW feh bWi [ijWY_ed[i Z[ i[hl_Y_e$ :[ W^‡ gk[ fbWd[W _dijWbWh Y^_fi _dj[b_][dj[i [d bWi f_ijebWi Z[ bei Z_if[diWZe# h[i o [d bei jWdgk[i Z[ bei l[^‡# Ykbei fWhW YedjhebWh bW YedZkYjW Z[ Yedikce$ I[ _d_Y_Wh| Yed kd fheo[Yje f_beje [d ;b Ehe$ 9Whbei Beeh" Z_h[Yjeh [dYWh# ]WZe Z[ bW 7][dY_W Z[ H[]kbW# Y_ÂŒd o 9edjheb Z[ >_ZheYWhXkhei 7H9> " [nfb_YÂŒ gk[ [b ĂˆceZki ef[hWdZ_É Z[ bei YedjhWXWdZ_ijWi e bei gk[ Z[il‡Wd [b Z_ƒi[b Z[ kie l[^_YkbWh fWhW _dZkijh_Wb \kdY_e# dW Wi‡0 Æh[Wb_pWd lWh_Wi h[YWh]Wi Z[ YecXkij_Xb[ [d [b Z‡W [ _dijW#
bWd jWdgk[i Z[ ]Wieb_dW WZ_Y_e# dWb[i [d bei l[^‡YkbeiÇ$ ;d [b YWie Z[ bW iWb_ZW Z[b Yec# Xkij_Xb[ ikXi_Z_WZe W 9ebecX_W" Beeh _dZ_YÂŒ gk[ f[i[ W gk[ i[ fhe^_X_ÂŒ bW h[YWh]W Z[ YecXkij_# Xb[i W Wkjecejeh[i Yed fbWYWi Z[b l[Y_de fW‡i1 be gk[ Æ^Wd ^[Y^e [i YecfhWh Wkjei [YkWjeh_Wdei l_[# `ei o ^WY[d lWh_Wi YecfhWi Wb Z‡WÇ" WdejÂŒ [b Z_h[Yjeh Z[ bW 7H9>$ I[]‘d [ij_cWY_ed[i" Wb W‹e i[ [iYWfWd Wbh[Z[Zeh Z[ '"- c_# bbed[i Z[ ]Wbed[i Z[ YecXkij_# Xb[i iebe Z[ bWi \hedj[hWi Z[ ;b Ehe o 9WhY^_$ + -ĹŠ/(+.3.
FWhW [l_jWh [ij[ fheXb[cW" [b =e# X_[hde fh[fWhW kd fbWd c[Z_Wd# j[ Y^_fi o i[ [if[hW _cfb[c[d# jWhbe ^WijW Ă’ dWb[i Z[ [ij[ W‹e$ FWhW gk[ bW ef[hWY_ÂŒd \kd# Y_ed[ i[ ÆYebeYWh| kd Y^_f [d bW XeYW Z[b jWdgk[ Z[b Wkje o ejhe [d bW cWd]k[hW Z[ bW f_i# jebW" WcXei Y^_fi i[ fed[d [d YedjWYje o h[]_ijhWh|d bW _d\eh# cWY_ÂŒd Z[b YWhhe gk[ oW YWh]ÂŒ YecXkij_Xb[ [d kd YecfkjW# ZehÇ" [nfb_YÂŒ Beeh$ 7 jhWlƒi Z[ [ij[ c[YWd_ice i[ [if[hW Z[j[YjWh bei Yedik# cei Z[ic[Z_Zei" fWhW Wi‡ h[i#
jh_d]_h kdW YecfhW WZ_Y_edWb$ BW _d\ehcWY_ÂŒd Z[ bei Y^_fi" WZ[c|i" [ijWh| _dj[hYed[YjWZW [djh[ jeZWi bWi [ijWY_ed[i$ + -ĹŠ/(+.3.
I[]‘d 9ƒiWh 8hWle" Z_h[Yjeh Z[ ^_ZheYWhXkhei i[ [cf[pWh| [d ;b Ehe fehgk[ W^‡ [n_ij[d Wbh[Z[Zeh Z[ '& c_b l[^‡Ykbei b_l_Wdei c|i * c_b f[iWZei" [i Z[Y_h" W kd jejWb Z[ '* c_b Wkje# cejeh[i W bei gk[ i[ b[i _dijW# bWh|d bei Y^_fi$ >WijW bb[]Wh W [i[ fkdje" 8hW# le [nfb_YÂŒ gk[ i[ Z[X[ fWiWh feh Z_\[h[dj[i \Wi[i0 YedYkhie f‘Xb_# Ye fWhW bW YecfhW Z[ bei Y^_fi" WhcWh jeZei bei fheY[iei Z[ [d# jh[]W W bei Yedikc_Zeh[i [ _dijW# bWY_ÂŒd Z[ bei Z_if[diWZeh[i$ :[ ik bWZe" <[hdWdZe L_bbW# l_Y[dY_e" i_dZ_YWb_ijW f[jheb[he" Æ[ijW i‘f[h j[Ydebe]‡W de iebk# Y_edW bei fheXb[cWi Y[djhWb[i Z[b Z[il‡e o YedjhWXWdZe Z[ YecXkij_Xb[iÇ$ ;ije" Z[X_Ze W gk[ bei Yedjheb[i Z[X[d i[h c|i [\[Yj_lei$ :[ ^[Y^e" Yk[ij_edÂŒ bW YecfhW Z[ i[_i Wl_ed[i de jh_fk# bWZei Yece fWhj[ Z[ kd WYk[hZe [djh[ bW CWh_dW o [b =eX_[hde fWhW YedjhebWh bW \k]W Z[ Z_ƒi[b [d WbjW cWh" f[he ÆZÂŒdZ[ [ij|d [iei Wl_ed[i" [b =eX_[hde de ^W Z_Y^e Yk|b[i ^Wd i_Ze bei h[ikb# jWZei Z[ [iei Yedjheb[iÇ$ I[]‘d kd [ijkZ_e Z[b =e# X_[hde" [b '' Z[b Z_ƒi[b i[ \k]W fhe WbjW cWh$
)(- $)Ĺ‹ )(š'# )Ĺ‹ Ĺ‹& Ĺ‹ Ĺ‹., .šŋ / .,)Ĺ‹. ' -Ĺ‹ ;b I_ij[cW ĂŚd_Ye Z[ 9ecf[diW# Y_ÂŒd H[]_edWb Z[ FW]ei IkYh[ " [b JhWjWZe Z[ 9ec[hY_e Z[ bei Fk[Xbei" bW Yh[WY_ÂŒd Z[ kd XWdYe o bWi [cfh[iWi Z[ bei ]eX_[hdei Z[ bW 7b_WdpW 8eb_lWh_WdW fWhW bei Fk[Xbei Z[ Dk[ijhW 7cƒh_YW 7B87 \k[hed j[cWi gk[ i[ Z[# XWj_[hed Wo[h [d Gk_je$ ;ijei jÂŒf_Yei i[ WdWb_pWhed [d bW YkWhjW h[kd_ÂŒd Z[b 9edi[# `e Z[ 9ecfb[c[djWY_ÂŒd ;YedÂŒ# c_YW Z[ bW 7B87 gk[ i[ h[Wb_pÂŒ Wo[h [d bW i[Z[ Z[ bW 9WdY_bb[h‡W Z[ ;YkWZeh$ 7dj[i Z[ gk[ _d_Y_[ [b [dYk[d# jhe _dj[hdWY_edWb" [b ikXi[Yh[jW# h_e Z[ d[]eY_WY_ed[i" @eh][ 7Yei# jW" i[ h[Ă’ h_ÂŒ Wb IkYh[ o Z_`e gk[ [b eX`[j_le [i [bWXehWh kdW feb‡j_YW _dj[hdW gk[ f[hc_jW ZWhb[ W]_b_# ZWZ W [i[ i_ij[cW$ IeXh[ [b JhWjWZe Z[ 9ec[h# Y_e Z[ bei Fk[Xbei ieijkle gk[ be gk[ i[ XkiYW [i Yedieb_ZWh bW i[# ]kh_ZWZ o ieX[hWd‡W Wb_c[djWh_W h[]_edWb$ ;ije" W jhWlƒi Z[b Z[iW# hhebbe _dZkijh_Wb o bW Wf[hjkhW Z[ [ifWY_ei fWhW dk[lei WYjeh[i Z[
ēŊ Ŋ./#1 3(5(" "Ŋ "#+Ŋ 4!1#Ŋ5.+5(¢Ŋ Ŋ31 3 12#Ŋ#-31#Ŋ+.2Ŋ 1#/1#2#-3 -3#2Ŋ"#Ŋ+ Ŋ1#%(¢-ē
Yec[hY_e Yece ied bWi f[gk[‹Wi o c[Z_WdWi [Yedec‡Wi$ ;d YkWdje Wb XWdYe Z[ bW 7B87" WYbWhÂŒ gk[ ;YkWZeh de \ehcW fWhj[ Z[ [iW [dj_ZWZ o i[‹WbÂŒ ^WY[ \WbjW jhWXW`Wh [d ik Yedieb_ZWY_ÂŒd$ 7b h[\[h_hi[ W bWi [cfh[iWi ]kX[hdWc[djWb[i Z[ bW 7B87" Yec[djÂŒ gk[ WokZWh|d W Æ_d# lebkYhWh W dk[lei WYjeh[i gk[ d[Y[i_jWd Wkc[djWh bW [iYWbW Z[ ik fheZkYY_ÂŒdÇ$
4#23(.- -ĹŠ31 2+ ".ĹŠ"#ĹŠ 1!#+.ĹŠ (5#1
&ŋ #, .),ŋ &ŋ ąŋ /#-ŋ #&& v-ąŋ (/( #šŋ 3 ,ŋ+/ ŋ &ŋ 2*, -#Ě (. ŋ ŋ& ŋ ąŋ , &)ŋ #0 , ąŋ / ŋ#& ! &' (. ŋ., -& )ŋ ŋ& ŋ 6, &ŋ ŋ !)ŋ !,#)ŋ (ŋ, *, - &# ŋ*),ŋ& ŋ"/ &! ŋ ŋ" ' , ŋ+/ ŋ- ŋ "#4)ŋ (ŋ, " 4)ŋ ŋ& ŋ -.#./ #š(ŋ &ŋ #, .),ŋ ŋ& ŋ 6, &ŋ )Ąŋßŋ ŋ /#.)Ą
'#51.-ĹŠ /#+ ĹŠ2#-3#-!(
Ŋ#,/1#2 Ŋ '#51.-Ŋ /#+¢Ŋ+ Ŋ2#-3#-!( Ŋ#,(3(" Ŋ#+Ŋ,#2Ŋ/ 2 ".Ŋ/.1Ŋ+ Ŋ .13#Ŋ 1.5(-!( +Ŋ"#Ŋ 423(!( Ŋ"#Ŋ 4!4, ~.2ēŊ -Ŋ#+Ŋ#2!1(3.Ŋ"#Ŋ /#+ !(¢-Ŋ+ Ŋ!.,/  ~ Ŋ "#3 ++ Ŋ4-Ŋ24/4#23.Ŋ#204#, Ŋ"#Ŋ$1 4"#Ŋ++#5 ".Ŋ Ŋ! .ŊŊ/.1Ŋ+.2Ŋ .% ".2Ŋ"#Ŋ +.2Ŋ"#, -" -3#2ĔŊŊ242Ŋ2#%4(".1#2Ŋ8Ŋ.31.2ĔŊ04#Ŋ' Ŋ!.11.,/(".Ŋ#+Ŋ)4(!(.ēŊ
Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
Ć
#- &v Ĺ‹*# Ĺ‹ / # ( # Ĺ‹ )(., Ĺ‹$/ -Ĺ‹ Ĺ‹& Ĺ‹ Ĺ‹Ĺ‹
ēŊ Ŋ 4"(#-!( Ŋ2#Ŋ++#5¢Ŋ Ŋ! .Ŋ#-Ŋ#+Ŋ 49% ".Ŋ 4(-3.Ŋ"#Ŋ+.Ŋ #- +ē
Ĺ‹ , Ĺ‹(/ 0 Ĺ‹#(-.,/ #š(Ĺ‹ *),Ĺ‹& Ĺ‹.)' Ĺ‹ Ĺ‹ (%4#+ĹŠ (,_-#9ĔŊ1#/1#2#-3 -3#ĹŠ"#ĹŠ+ ĹŠ (2! +~ ĔŊ/1#2#-3¢Ŋ4-ĹŠ5("#.ĹŠ2. 1#ĹŠ !Äą 3.2ĹŠ5(.+#-3.2ĹŠ#-ĹŠ#+ĹŠ! - +ĹŠ"#+ĹŠ 23 ".Ä“ ;b `k[p gk_dje Z[ =WhWdj‡Wi F[# dWb[i Z[ F_Y^_dY^W" HW‘b CWh# j‡d[p h[Wb_pÂŒ Wo[h bW WkZ_[dY_W Z[ \ehckbWY_ÂŒd Z[ YWh]ei o l_dYkbWY_ÂŒd [d [b fheY[ie gk[ i_]k[ bW <_iYWb‡W feh bW ikfk[i# jW jecW l_eb[djW Z[ bWi _dijWbW# Y_ed[i Z[ bei c[Z_ei f‘Xb_Yei" jhWi bei ^[Y^ei Z[b )&#I$ CWhj‡d[p ehZ[dÂŒ gk[ i[ _d_Y_[ bW _dijhkYY_ÂŒd Ă’iYWb [d YedjhW Z[ bei Y_kZWZWdei =Wbe Cedj[l[hZ[" L‡Yjeh >k]e ;hW# pe" CWh‡W 9h[ife o @eiƒ Bk_i =k[hh[he feh bW j[eh‡W Z[b YWie \ehckbWZW feh C_]k[b @_cƒ# d[p" h[fh[i[djWdj[ Z[ bW <_iYW# b‡W =[d[hWb Z[b ;ijWZe$ Æ:[ifkƒi Z[b Wd|b_i_i Z[ je# ZWi bWi _dl[ij_]WY_ed[i gk[ ^Wd i_Ze [nfk[ijWi [d [ijW WkZ_[d# Y_W Z[ \ehckbWY_ÂŒd Z[ YWh]ei e _cfkjWY_ÂŒd" fWhj_YkbWhc[dj[ Yed bWi Z_b_][dY_Wi Z[ h[YedeY_# c_[dje Z[ bk]Wh Z[ bei ^[Y^ei o Yed bW [nf[hj_Y_W fhWYj_YWZW W bei l_Z[ei bei gk[ ^Wd f[hc_# j_Ze h[Wb_pWh kd Yej[`Wc_[dje ceh\ebÂŒ]_Ye Z[ bei ieif[Y^e# iei feh bWi Z_b_][dY_Wi h[YWXW# ZWi" i[ Z[ifh[dZ[d ZWjei h[b[# lWdj[i gk[ ^WY[d fh[ikc_h bW Wkjeh‡W e fWhj_Y_fWY_ÂŒd Z[ bei
fheY[iWZei [d bei ^[Y^ei Z[b )& Z[ i[fj_[cXh[ Z[ (&'& [d bWi _dijWbWY_ed[i Z[ ;YkWZeh JL" YWdWb Z[b ;ijWZeÇ$ CWhj‡d[p [nfb_YÂŒ gk[ bei Y_kZWZWdei _dYkhh_[hed [d kd Z[b_je j_f_Ă’YWZe o iWdY_edWZe [d [b Whj‡Ykbe '+. Z[b 9ÂŒZ_]e Z[ FheY[Z_c_[dje F[dWb" [ije [i Z[ijhkYY_ÂŒd" Z[j[h_ehe" _d# kj_b_pWY_ÂŒd" _dj[hhkfY_ÂŒd e fWhWb_pWY_ÂŒd Z[ i[hl_Y_ei f‘# Xb_Yei$ Æ;d Yedi[Yk[dY_W" Z[ Yed\ehc_ZWZ Yed [b Whj‡Ykbe ((' Z[b 9ÂŒZ_]e FheY[Z_c_[d# je F[dWb" i[ ^WY[ [nj[di_lW bW _dijhkYY_ÂŒd Ă’iYWb [d YedjhW Z[ bei Y_kZWZWdei Wdj[h_ehc[dj[ c[dY_edWZeiÇ$ #$#-2
:khWdj[ bW WkZ_[dY_W" CWh# j‡d[p jWcX_ƒd [iYkY^Œ W bei WXe]WZei Z[ bei Z[\[dZ_Zei gk_[d[i f_Z_[hed Z[YbWhWh dkbW bW WkZ_[dY_W fehgk[ de Ykcfb‡W Yed [b fbWpe [ijWXb[Y_# Ze$ BW ieb_Y_jkZ \k[ h[Y^WpWZW feh CWhj‡d[p fk[i" i[]‘d Z_`e" jeZe i[ Ykcfb_Œ W ik Z[X_Ze cec[dje$ 9Whbei DWhl|[p" WXe]WZe Z[\[dieh Z[ =Wbe Cedj[l[hZ["
1.'( (!(¢-ĹŠ/ 1 ĹŠ2 +(1 ĹŠ +ĹŠ)4#9ĹŠ04(-3.ĹŠ"#ĹŠ 1 -3~ 2ĹŠ #- +#2ĹŠ"#ĹŠ (!'(-!' ĔŊ ĂŒ+ĹŠ 13~-#9ĹŠ"#!1#3¢Ŋ+ ĹŠ Ĺ—/1.'( (!(¢-ĹŠ/ 1 ĹŠ04#ĹŠĹŠ+.2ĹŠ/1.!#2 ".2ĹŠ +.ĹŠ .-3#5#1"#ĔŊ ~!3.1ĹŠ 4%.ĹŠ 1 9.ĔŊ 1~ ĹŠ 1#2/.ĹŠ8ĹŠ .2_ĹŠ 4(2ĹŠ 4#11#1.ĹŠ2#ĹŠ 42#-3#-ĹŠ"#+ĹŠ/ ~2Ä“ĹŠ "#,;2ĹŠ"().ĹŠ04#ĹŠ +.2ĹŠ!(4" " -.2ĹŠ3#-~ -ĹŠ+ ĹŠ. +(% !(¢-ĹŠ"#ĹŠ/1#2#-3 12#ĹŠ -3#ĹŠ#+ĹŠ 4#9ĹŠ"#ĹŠ 1 -3~ 2ĹŠ #- +#2ĹŠ! " ĹŠÄˆÄŽĹŠ"~ 2ĔŊ#-ĹŠ'.1 2ĹŠ+ .1 +#2ĔŊ#,/#9 -".ĹŠ#+ĹŠ+4-#2ĹŠÄˆÄŒĹŠ"#ĹŠ, 19.ĹŠ "#ĹŠÄ‰Ä‡ÄˆÄˆÄ“ĹŠ
_dZ_YÂŒ gk[ W ik Z[\[dZ_Ze de i[ be feZ‡W WYkiWh Z[ d_d]‘d Z[b_je fehgk[ [d [b l_Z[e [nfk[ije feh bW <_iYWb‡W W Cedj[l[hZ[ iebe i[ be l[ _d]h[iWdZe Wb YWdWb Z[b ;i# jWZe$ ÆDkdYW i[ be l[ W]h[Z_[d# Ze W dWZ_[ d_ Wj[djWdZe YedjhW bWi _dijWbWY_ed[iÇ$ BW WXe]WZW CWh‡W ?iWX[b 8ed_bbW" gk_[d bb[lW [b YWie Z[ L‡Yjeh >k]e ;hWpe" _dZ_YÂŒ gk[ ik Z[\[dZ_Ze ]epWXW Z[ \k[he Z[ Yehj[ fhel_dY_Wb$ ;ijW fhk[# XW de \k[ WYe]_ZW feh CWhj‡d[p fehgk[ _dZ_YÂŒ gk[ bW <_iYWb‡W de ^W Yeckd_YWZe W [iW `kZ_YWjkhW Z[b fWhj_YkbWh$
BW <_iYWb‡W =[d[hWb Z[b ;ijWZe ieb_Y_jŒ Wo[h Wb fh[i_Z[dj[ Z[ bW 9ehj[ DWY_edWb Z[ @kij_Y_W gk[ i[‹Wb[ \[Y^W o ^ehW fWhW h[Wb_pWh bW WkZ_[dY_W Z[ \ehckbWY_Œd Z[ YWh]ei [d YedjhW Z[ c_[cXhei bW 9ehj[ 9edij_jkY_edWb 99 $ ;b f[Z_Ze gk[ i[ fbWdj[Œ [d YedjhW Z[ bei `k[Y[i o Yed`k[Y[i0 FWjh_Y_e FWpc_‹e <h[_h[" xZ]Wh P|hWj[" FWjh_Y_e >[hh[hW" Bk_i @WhWc_bbe =Wl_b|d[p" >[hdWdZe CehWb[i o <WX_|d IWdY^e BeXWje i[ ^_pe feh [b Z[b_je Z[ fh[lWh_YW# je" [d [b YWie Z[ bW Wcd_ij‡W ejeh# ]WZW Wb WcX_[djWb_ijW gk[ l_ebŒ W kdW c[deh$ BW <_iYWb‡W ^_pe bW [n_][dY_W fWhW ZWh Ykcfb_c_[dje W be Z_i# fk[ije [d [b 7hj$ ('- Z[b 9ŒZ_]e Z[ FheY[Z_c_[dje F[dWb" Yed [b eX`[je Z[ ikij[djWh `kh‡Z_YW o Ze# Ykc[djWZWc[dj[ [d WkZ_[dY_W ehWb" f‘Xb_YW o YedjhWZ_Yjeh_W$
[ij[ YWie [d XWi[ W bW Z[dkd# Y_W fh[i[djWZW feh 7][e =kW# ]kW" h[fh[i[djWdj[ b[]Wb Z[ bW l‡Yj_cW" [d bW gk[ i[ ^WY‡W YedeY[h [b fh[ikdje Z[b_je Z[ fh[lWh_YWje$ BW gk[`W i[ Z_e fehgk[ [d bW i[i_ÂŒd Z[b fb[de Z[ bW 99 Z[b (* Z[ i[fj_[cXh[ Z[ (&&/" bei `k[Y[i o Yed`k[Y[i _dlebkYhWZei WY[fjWhed bW WYY_ÂŒd Z[ _dYkcfb_# c_[dje fhefk[ijW feh [b Y_kZW# ZWde <beh[ic_be L_bbWbjW" gk_[d i[ X[d[\_Y_ÂŒ _b[]Wbc[dj[ Z[ bW Wcd_ij‡W ejeh]WZW feh bW 7iWc# Xb[W 9edij_jko[dj[$ ;ije i[ ^_pe f[i[ W gk[ L_# bbWbjW \k[ YedZ[dWZe W ', W‹ei Z[ fh_lWY_ÂŒd Z[ bW b_X[hjWZ feh [b Jh_XkdWb 9kWhje Z[ =WhWdj‡Wi F[dWb[i Z[ F_Y^_dY^W fehgk[ \k[ [dYedjhWhbe YkbfWXb[ Z[b Z[# b_je Z[ l_ebWY_ÂŒd$ :_Y^W i[dj[dY_W \k[ hWj_Ă’YWZW feh h[Ykhie Z[ YWiWY_ÂŒd feh bW J[hY[hW IWbW Z[ be F[dWb Z[ bW [n -3#!#"#-3#2 BW <_iYWb‡W [cf[pÂŒ W WdWb_pWh 9ehj[ Ikfh[cW Z[ @kij_Y_W$
)' , (Ĺ‹ Ĺ‹ & ! )-Ĺ‹ * , Ĺ‹ )'#-#)( -Ĺ‹ #/ ( BW <kdY_ÂŒd Z[ JhWdifWh[dY_W o 9edjheb IeY_Wb Z[i_]dÂŒ Wo[h W bei Z[b[]WZei gk[ _dj[]hWh|d bWi Yec_i_ed[i Y_kZWZWdWi [dYWh]W# ZWi Z[ i[b[YY_edWh W bei leYWb[i Z[b 9edi[`e DWY_edWb ;b[YjehWb" :[\[dieh‡W Z[b Fk[Xbe o :[\[d# ieh F‘Xb_Ye$ Bei h[fh[i[djWdj[i decXhW#
Zei ied DWdYo =Wij[b‘ 9edY^W o >k]e Eh[bbWdW 9edijWdj[ fWhW bW 9ec_i_Œd gk[ [b[]_h| leYWb[i Z[b 9edi[`e DWY_edWb ;b[YjehWb1 fWhW bW :[\[dieh‡W Z[b Fk[Xbe W @kWd 9Whbei I_cXW‹W F_bWjWn_ o 7dj‡W B[Œd" o fWhW :[\[dieh F‘Xb_Ye" Bk_i >eb]k‡d o :_WdW FWbWY_ei$
Ä Ä
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ä…Ĺ‹ Ĺ‹ Ĺ‹ Ĺ‹ Ĺ‹
ÂĄ Ä“ĹŠ ĹŠ,(-#1~ ĔŊ/ 1 ĹŠ,4!'.2ĔŊ #-#ă!( 1;ĹŠ ĹŠ#23#ĹŠ! -3¢-Ä“
+Ŋ! -3¢-Ŋ !1#!#Ŋ5#13(Ĺ %(-.2 ,#-3#Ŋ #-Ŋ+.ŊŊ2.!( +ĔŊ /1."4!3(5.ĔŊ ,(-#1.Ŋ8Ŋ#2Ŋ#+Ŋ #)#Ŋ#!.-¢,(!.Ŋ + Ŋ/1.5(-!( Ŋ , 9¢-(! ēŊ #Ŋ /(#-2 Ŋ#-Ŋ4-Ŋ #1./4#13.ēŊ ŊľŊ Ŋ
-39 9
(34 !(¢-ĹŠ%#.%1;ă! ĹŠ8ĹŠ !3(5(" "#2
ĹŠ +ĹŠ-.13#ĹŠ+(,(3 ĹŠ!.-ĹŠ#+ĹŠ! -3¢-ĹŠ +ĹŠ -%4(ĹŠ Ĺ—8ĹŠ 4 + 04(9 Ä—ĹŠ +ĹŠ241ĔŊ!.-ĹŠ #-3(-#+ ĹŠ"#+ĹŠ ¢-".1ĹŠ8ĹŠ 04(2' Ä—ĹŠ +ĹŠ#23#ĔŊ!.-ĹŠ#+ĹŠ #1ĂŒÄ”ĹŠ 8ĹŠ +ĹŠ.#23#ĹŠ!.-ĹŠ+.2ĹŠ! -3.-#2ĹŠ ,.1 ĹŠ8ĹŠ !4 , (Ä“
Ŋ (#-#Ŋ".2Ŋ/ 11.04( 2Ŋ141 +#2ĖŊ '(!  Ŋ8Ŋ ŗ .2Ŋ -!4#-31.2ē Ŋ 4Ŋ%#-3#Ŋ2#Ŋ"#"(! Ŋ +Ŋ!.,#1!(.ĔŊ %1(!4+Ĺ ŗ341 ĔŊ% - "#1~ ĔŊ,(-#1~ Ŋ8Ŋ 13#2 -~ ē
ŗ41Ŋ 4#-3 Ŋ!.-Ŋ31#2Ŋ!.+#%(.2Ŋ#-Ŋ#+Ŋ;1# Ŋ - ĔŊ2#(2Ŋ#2!4#+ 2Ŋ41 - 2Ŋ8Ŋ,;2Ŋ
#23 +#!(,(#-3.2Ŋ#"4! 3(5.2Ŋ4-(Ŋ8Ŋ/+41(Ŋ ".!#-3#2Ŋ#-Ŋ#+Ŋ;1# Ŋ141 +ėŊ "#,;2ĔŊ+ Ŋ#7Ĺ 3#-2(¢-Ŋ"#Ŋ+ Ŋ 2!4#+ Ŋ 4/#1(.1Ŋ .+(3_!-(! Ŋ !.+¢%(! Ŋ , 9¢-(! ē Ŋ -3(" "#2Ŋ$(- -!(#1 2Ŋ./#1 -Ŋ#-Ŋ24Ŋ24#+.Ŋ ŗ!.,.ĖŊ -!.Ŋ"#Ŋ .) ĔŊ ../ #%.ĔŊ 4+(;-Ŋ .Ĺ
1#-3#ĔŊ !/#Ŋ -39 9 ĔŊ #,(++ 2Ŋ"#+Ŋ 1.%1#2.ĔŊ -!.Ŋ !(.- +Ŋ"#Ŋ .,#-3.Ŋ8Ŋ !/#Ŋ .) ē
Ä“ĹŠ -39 9 ĹŠ!1#!#ĹŠ !#+#1 " ,#-3#ĹŠ#-ĹŠ"($#1#-3#2ĹŠ;, (3.2Ä“
WdjpWpW j_[d[ eh_][d i^kWh0 OWdjpW 3 bkY_ƒhdW]W o ;djiW 3 gk[XhWZW e h‡e" feh [bbe [i YedeY_Ze Yece [b ĂˆLWbb[ Z[ bWi bkY_ƒhdW]WiÉ$ >WY[ jh[i ZƒYWZWi \k[ [h_]_Ze W bW YWj[]eh‡W Z[ YWdjÂŒd o Yed Wfhen_cWZW# c[dj[ '- c_b ^WX_jWdj[i i[ ^W Yedl[hj_Ze [d cejeh Z[b Z[iWhhebbe Z[ bW fhel_dY_W WcWpÂŒd_YW Z[ PWcehW 9^_dY^_f[$ ;d ik ik[be Yedl[h][d i^kWh" c[ij_pei" W\he[YkWjeh_Wdei o iWhW# ]khei" [d kdW ^[hcWdWZW Z_l[hi_ZWZ YkbjkhWb gk[ Yedij_jko[ kde Z[ bei f_bWh[i Z[ ik fhe]h[ie$ BW YWfWY_ZWZ o [b jhWXW`e Z[ ik ][dj[ Wi‡ be Z[ck[ijhWd$
#+ĹŠ314#04#ĹŠ +ĹŠ!.,#1!(.
;b Yec[hY_e [i kdW Z[ bWi WYj_l_ZWZ[i fheZkYj_lWi [dhW_pWZWi [d ik feXbWY_ÂŒd$ I[]‘d ZWjei fhefehY_edWZei feh iki ^WX_jWdj[i" bei Ye# bedei o [b `[\[ c|n_ce Z[ bW jh_Xk i^kWh" CWhj‡d 7oko" _d_Y_Whed bW WYj_l_ZWZ Yec[hY_Wb c[Z_Wdj[ [b jhk[gk[$ Æ7oko [djh[]WXW kdW fehY_ÂŒd Z[ j[hh[de W YWcX_e Z[ f[iYWZe i[Ye" [iYef[jWi" ckd_Y_ed[i" iWb" fWd[bW" [if[`ei o ejhei fheZkYjeiÇ" Yec[djW 8eb‡lWh =kW_Y^W" Wi[ieh Z[ bW 9|cWhW Z[ 9ec[hY_e$ 9ed [b fWiWh Z[b j_[cfe i[ [cfb[ÂŒ [b Z_d[he" o bW YecfhW o l[djW f[hc_j_ÂŒ gk[ ikh`Wd ejhWi WYj_l_ZWZ[i Yece \[hh[j[h‡W" WbcWY[d[i Z[ [b[YjheZecƒij_Yei" ^ej[b[i" X_[d[i o i[hl_Y_ei$ #2 11.++. OWdjpWpW [i h_Ye [d W]h_YkbjkhW$ FheZkY[ cW‡p Zkhe i[Ye" okYW" XW# dWde" YWYWe" YW\ƒ" YW‹W Z[ Wp‘YWh" dWhWd`_bbW o fb|jWde$ JWcX_ƒd [i kd YWdjÂŒd ]WdWZ[he Yed ]hWd fheZkYY_ÂŒd Z[ b[Y^[ o gk[ie$ ;b YWcX_e Whgk_j[YjÂŒd_Ye gk[ [nf[h_c[djW bW Y_kZWZ [i _cfh[i_e# dWdj[$ >_`ei Z[ [ijW j_[hhW hWZ_YWZei [d [b [njhWd`[he jWcX_ƒd _dl_[h# j[d iki h[Ykhiei" c_[djhWi bW _d\hW[ijhkYjkhW ^ej[b[hW" ^eij[h‡Wi o Y[djhei h[Yh[WY_edWb[i Wkc[djWd$ 9ed hWpÂŒd i[ l[ W [ij[ i[Yjeh Yece kd fej[dY_Wb Z[ij_de jkh‡ij_Ye$ ;b YWdjÂŒd Yk[djW Yed kdW ceZ[hdW j[hc_dWb j[hh[ijh[" gk[ [i kj_# b_pWZW feh bWi Z_\[h[dj[i [cfh[iWi Z[ jhWdifehj[ gk[ fh[ijWd iki i[h# l_Y_ei Z[iZ[ o ^WY_W ejhWi fhel_dY_Wi Z[b fW‡i" o Z[djhe Z[ bW Y_kZWZ bWi YecfW‹‡Wi Z[ jWn_i" YWc_ed[jWi o Xki khXWde$ BWi l‡Wi [ij|d [d Xk[d [ijWZe$ 7b cec[dje i[ Yedijhko[ kd fWie bW# j[hWb gk[ f[hc_j_h| Z[iYed][ij_edWh [b jh|di_je l[^_YkbWh feh bW Y_kZWZ o i[ Wif_hW W bW YedijhkYY_ÂŒd Z[ kd W[hefk[hje$ ;d [ij[ j[cW i[ Yk[djW Yed [b l_ije Xk[de Z[ bW :_h[YY_ÂŒd DWY_edWb Z[ 7l_WY_ÂŒd 9_l_b$ (-#1~
;b fheo[Yje <hkjW Z[b Dehj[ <:D Z[ A_dheii#7kh[b_Wd [d ;YkWZeh [ij| beYWb_pWZe [d bW YedY[i_Œd c_d[hW BW PWhpW" [d bW l[hj_[dj[ dehj[ Z[ bW 9ehZ_bb[hW Z[b 9ŒdZeh" [d bW fWhhegk_W Bei ;dYk[djhei" YWdjŒd OWdjpWpW Wb ikh[ij[ Z[b fW‡i$ ;b Z[fŒi_je \k[ Z[iYkX_[hje [d [b W‹e (&&, feh kd [gk_fe Z[ ][Œbe]ei [YkWjeh_Wdei o YWdWZ_[di[i" Z[b YkWb i[ fh[lƒ [njhW[h
ēŊ .1Ŋ24Ŋ1(04#9 Ŋ- 341 +Ŋ #-ŊĄ.1 ĔŊ$ 4- Ŋ8Ŋ! 2! " 2Ŋ#2Ŋ5(2(3 " Ŋ /.1Ŋ341(23 2Ŋ- !(.- +#2Ŋ8Ŋ#731 -)#1.2ē
ēŊ +Ŋ5#1".1Ŋ"#Ŋ+ Ŋ2#+5 Ŋ , 9¢-(! Ŋ2#Ŋ,#9!+ Ŋ!.-Ŋ+.2Ŋ!4+3(5.2Ŋ "#Ŋ242Ŋ' (3 -3#2ē
'' c_bbed[i Z[ edpWi Z[ ehe o'* c_bbed[i edpWi Z[ fbWjW$ ;d [ij[ W‹e Yedj_d‘Wd Yed [b fheY[ie Z[ [nfbehWY_Œd WlWdpWZW" be gk[ _cfkbiW W bW c_d[hW W [dYWc_dWh dk[lei fheo[Yjei gk[ f[h# c_j_h|d bW \ehcWY_Œd o YedeY_c_[djei Z[ bW feXbWY_Œd fWhW \kjkhWi \k[dj[i Z[ jhWXW`e" oW gk[ [if[hWd _d_Y_Wh Yed bW [nfbejWY_Œd Z[b c_# d[hWb [d [ij[ W‹e$ 9WX[ Z[ijWYWh gk[ [d bW `kh_iZ_YY_Œd Z[ [ij[ YWdjŒd" jWcX_ƒd iki ^WX_jWdj[i i[ Z[Z_YWd W bW f[gk[‹W c_d[h‡W o c_d[h‡W Whj[iWdWb$ ;d bW WYjkWb_ZWZ" _dl[hi_ed_ijWi Z[b bk]Wh Wfk[ijWd feh [b jkh_ice" ejhei feh bW WYk_YkbjkhW" c_[djhWi bW W]h_YkbjkhW o ]WdWZ[h‡W Yedj_# d‘Wd$ ;b \kjkhe fWhW [ij[ YWdjŒd W‘d [ij| [d Wd|b_i_i" ]hWd fWhj[ Z[ bW feXbWY_Œd f_[diW gk[ bW WYj_l_ZWZ c_d[hW _dj[hdWY_edWb fk[Z[ i[h kd iefehj[ \kdZWc[djWb fWhW [b Yh[Y_c_[dje [YedŒc_Ye$ # (+(" "#2
Feh [b WlWdY[ WY[b[hWZe Z[ ik feXbWY_Œd" [d ckY^ei i[Yjeh[i" bW Y_k# ZWZWd‡W W‘d YWh[Y[ Z[ i[hl_Y_ei X|i_Yei Z[ WbYWdjWh_bbWZe o W]kW Z[ Xk[dW YWb_ZWZ$ Kde Z[ bei ]hWl[i fheXb[cWi Z[ bW feXbWY_Œd [i [b Wbje Yedikce Z[ WbYe^eb" feh be gk[ i[ h[gk_[h[ Z[b Wfeoe Z[b =eX_[hde fWhW bW ZejWY_Œd Z[ kd Y[djhe Z[ h[^WX_b_jWY_Œd gk[ f[hc_jW [hhWZ_YWh [ijW [d\[hc[ZWZ$
2*&)-#š(ŋ (ŋ (., &ŋ (/ & ,ŋ - .šŋ)., ŋ & ,' ŋ (ŋ *š(
Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
Ĉ
+Ŋ#23 ++(".Ŋ2#Ŋ"(.Ŋ !.,.Ŋ2#!4#+ Ŋ"#+ŊŊ 3#11#,.3.Ŋ"#ŊđĔđŊ %1 ".2Ŋ8Ŋ"#+Ŋ/.2Ĺ 3#1(.1Ŋ324- ,(ēŊ
ĔŊ ěŊŊKdW \k[hj[ [nfbei_ÂŒd
[d bW Y[djhWb dkYb[Wh Z[ <kaki^_# cW dehj[ Z[ @WfÂŒd Z[iWjÂŒ Wo[h bW WbWhcW o bb[lÂŒ W [lWYkWh W Z[# Y[dWi Z[ c_b[i Z[ f[hiedWi Wdj[ [b j[ceh Z[ kdW \k]W hWZ_WYj_lW" Wkdgk[ [b =eX_[hde Wi[]khÂŒ gk[ de \k[ kd WYY_Z[dj[ dkYb[Wh$ ;b ikY[ie i[ fheZk`e [d bW fbWdjW dkYb[Wh ' Z[ <kaki^_cW" W kdei (-& a_bÂŒc[jhei Wb deh[ij[ Z[ Jea_e" YkWdZe lWh_ei [cfb[W# Zei jhWjWXWd Z[ [d\h_Wh kde Z[ bei i[_i h[WYjeh[i dkYb[Wh[i Z[ bW Y[d# jhWb" Ykoe i_ij[cW Z[ h[\h_][hWY_ÂŒd i[ l_e ZW‹WZe feh [b j[hh[ceje gk[ [b l_[hd[i ^_pe j[cXbWh W @WfÂŒd$ ;b [Z_Ă’ Y_e Z[ Yedj[dY_ÂŒd gk[ WbX[h]WXW kd Z[fÂŒi_je Z[ WY[he Yed [b h[WYjeh i[ l_de WXW`e W YWkiW Z[ bW [nfbei_ÂŒd" gk[ Z[`ÂŒ kdW [dehc[ YebkcdW Z[ ^kce l_i_Xb[ W Z[Y[dWi Z[ a_bÂŒc[jhei ZkhWdj[ lWh_Wi ^ehWi$ ;d bei fh_c[hei cec[djei YkdZ_ÂŒ bW WbWhcW" [djh[ bW _dY[h# j_ZkcXh[ o [b j[ceh W gk[ ^k# X_[hW [ijWbbWZe [b fhef_e h[WYjeh dkYb[Wh" f[he jhWi bWi fh_c[hWi _dif[YY_ed[i [b =eX_[hde Wi[]khÂŒ gk[ bW [nfbei_ÂŒd i[ ^WX‡W fheZk# Y_Ze \k[hW$ #3 ++#2
Ä“ĹŠ ĹŠ 2(23#-!( ĹŠ/#1,(3#ĹŠ24/#1 1ĹŠ+ 2ĹŠ2#!4#+ 2ĹŠ"#+ĹŠ"#2 231#Ä“
Ą Ąŋ #)ŋ 3/ ŋ )*),./( ŋ ŋ *š( ¥ ēŊ (+#2Ŋ"#Ŋ/#12.- 2Ŋ$4#1.-Ŋ#5 !4 " 2Ŋ/.1Ŋ#+Ŋ#23 ++(".ēŊ
42( Ŋ(-!1#,#-3 1;Ŋ#-5~.2Ŋ"#Ŋ !., 423( +# ŊŊ .1Ŋ.1"#-Ŋ"#+Ŋ/1(,#1Ŋ,(-(231.ĔŊ + "~,(1Ŋ 43(-ĔŊ 42( Ŋ 4,#-3 1;Ŋ+.2Ŋ24,(-(231.2Ŋ ŗ"#Ŋ!., 423( +#Ŋ Ŋ /¢-ēŊ +Ŋ5(!#/1(,#1Ŋ,(-(231.ĔŊ}%.1Ŋ #!'(-ĔŊ %1#%¢Ŋ04#Ŋĥ#-Ŋ! 2.Ŋ"#Ŋ
-#!#2(" "ĔŊ/."#,.2ĹŠ24,(-(231 1ĹŠ1;/(" ,#-3#ĹŠ ĹŠ /¢-ĹŠ' 23 ĹŠÄˆÄŽÄ‡Ä“Ä‡Ä‡Ä‡ĹŠ3.-#+ " 2ĹŠ"#ĹŠ % 2ĹŠ- 341 +ĹŠ+(!4 ".ĔŊ 2~ĹŠ!.,.ĹŠ(-!1#,#-3 1ĹŠ+.2ĹŠ24,(-(231.2ĹŠ"#ĹŠ! 1 ¢-Ģē
;b c_d_ijhe fehjWlep" Oka_e ;ZWde" Z_`e gk[ [b eh_][d Z[b c[dei '& W‹ei c|i$ Kd WYY_Z[dj[ Z[ [ijWi YWhWYj[# WYY_Z[dj[ \k[ kdW h[WYY_ÂŒd gk‡# c_YW Z[ en‡][de [ ^_ZhÂŒ][de" o h‡ij_YWi i[ jhWjWXW Z[ [l_jWh Z[iZ[ c_d_c_pÂŒ bW fei_X_b_ZWZ Z[ kdW gk[ [b l_[hd[i kd ]hWd j[hh[ce# \k]W Wb _di_ij_h [d gk[ [b Z[fÂŒi_je je Z[ .". ]hWZei H_Y^j[h iWYkZ_ÂŒ @WfÂŒd o YehjÂŒ [b Ă“ k`e Z[ Z[ WY[he gk[ h[YkXh[ [d[h]‡W [bƒYjh_YW o [b cejeh [b h[WYjeh de ^WX‡W h[# ĹŠĹŠĹŠĹŠĹŠĹŠĹŠ Z_[i[b Z[ [c[h][dY_W Z[ bW ikbjWZe ZW‹WZe$ Y[djhWb Z[ <kaki^_cW$ BWi Wkjeh_ZWZ[i BW \WbjW Z[ [d[h]‡W fW# ^WX‡Wd ehZ[dWZe iW# ĹŠ ĹŠ hWb_pÂŒ [b c[YWd_ice Z[ YWh W *, c_b h[i_Z[dj[i 2#ĹŠ!.-3 (+(9 1.-ĹŠ"#2Äą [d kd hWZ_e Z[ '& a_bÂŒ# /4_2ĹŠ"#+ĹŠ3#11#,.3.ĹŠ8ĹŠ#+ĹŠ h[\h_][hWY_ÂŒd Z[ bW fbWdjW" gk[ Yk[djW Yed i[_i h[WYje# c[jhei Z[ bW Y[djhWb" /.23#1(.1ĹŠ324- ,(Ä“ h[i Z[ W]kW [d [Xkbb_Y_ÂŒd" f[he [d [b cec[dje be gk[ ^_pe gk[ bei d_l[b[i Z[b WYY_Z[dj[ ^WX‡W ĹŠ ^ Z[ hWZ_WYj_l_ZWZ \k[hWd W‘d kdWi .&& f[hie# ĹŠ2#ĹŠ"(#1.-ĹŠ#-ĹŠ4-ĹŠ2.+.ĹŠ dWi [d bW pedW o feij[# "~ ĹŠ"#2/4_2ĹŠ"#+ĹŠ2(2,.ĹŠ ^WijW c_b l[Y[i ikf[h_eh[i "#ŊđĔđŊ%1 ".2ĹŠ (!'3#1Ä“ W be ^WX_jkWb [d kdW Z[ bWi h_ehc[dj[ Wkc[djWhed iWbWi Z[ Yedjheb$ [b |h[W Z[ [lWYkWY_ÂŒd W ;bbe bb[lÂŒ W Z[Yh[jWh [b [i# (& a_bÂŒc[jhei$ jWZe Z[ [c[h][dY_W dkYb[Wh ĹŠ [d ƒijW o ejhW fbWdjW l[Y_dW" #1(".2 bW d‘c[he ( Z[ <kaki^_# 9kWjhe jhWXW`WZeh[i Z[ bW fbWdjW h[ikbjWhed -31#ŊĉććŊ8ŊĊććŊ cW" jWcX_ƒd f[hj[d[Y_[dj[ W J[fYe o gk[ jWcX_ƒd l_e ^[h_Zei [d bW [nfbei_ÂŒd ! ";5#1#2ĹŠ / Äą 1#!(#1.-ĹŠ"#2Äą Wkdgk[ d_d]kde [ij| [d /4_2ĹŠ"#+ĹŠ, 1#Äą Wbj[hWZe ik ikc_d_ijhe [bƒY# jh_Ye feh [b j[hh[ceje$ i_jkWY_ÂŒd Yh‡j_YW" i[]‘d ,.3.ĹŠ8ĹŠ2#ĹŠ! +!4Äą + ĹŠ04#ĹŠ' 8ĹŠ,;2ĹŠ FWhW h[XW`Wh j[cf[hW# _d\ehcÂŒ Jeaoe ;b[Yjh_Y "#ĹŠ,(+ĹŠ,4#13.2ĹŠ #-ĹŠ3.3 +Ä“ jkhW [d WcXei h[WYjeh[i [b Fem[h J;F9E " h[ifed# =eX_[hde d_fÂŒd ehZ[dÂŒ" iWXb[ Z[ bW Y[djhWb dkYb[Wh" gk[ [ij[ W‹e Ykcfb_ÂŒ YkWjhe ZƒYW# feh fh_c[hW l[p" gk[ i[ WXh_[hWd ZWi o j_[d[ f[hc_ie fWhW ef[hWh Wb Z[ \ehcW YedjhebWZW bWi l|blkbWi
Ĉććēććć Ä?ć
+ĹŠ/ -.1 , Ĺ—ĹŠĹŠ ĹŠ$ +3 ĹŠ!.-3(-4 " ĹŠ"#ĹŠ#+#!31(!(Äą " "ĹŠ#-ĹŠ+ ĹŠ!#-31 +ĹŠ-4!+# 1ĹŠ) /.-#2 ĹŠ
"#Ŋ 4*42'(, Ŋ/+ -3# Ŋ#+Ŋ/#+(%1.Ŋ"#Ŋ ĥ4-Ŋ !!("#-3#Ŋ-4!+# 1Ŋ2#1(.ĢĔŊ"().Ŋ + Ŋ"(1#!3.1 Ŋ3_!-(! Ŋ"#Ŋ #%41(" "Ŋ "#+Ŋ .-2#).Ŋ"#Ŋ #%41(" "Ŋ 4!+# 1Ŋ #2/  .+Ŋĸ ĚĔŊ 2 #+Ŋ #++ ".ē
Z[ bei h[WYjeh[i" f[i[ Wb j[ceh Z[ gk[ [b lWfeh b_X[hWZe jhWdifeh# jWhW ikijWdY_Wi hWZ_WYj_lWi$ "( !(¢-Ŋ,~-(,
;b fh_c[h c_d_ijhe `Wfedƒi" DWe# je AWd" WZc_j_ÂŒ gk[ bW ef[hWY_ÂŒd b_X[hÂŒ YWdj_ZWZ[i Z[ hWZ_WY_ÂŒd Æc‡d_cWiÇ" Wkdgk[ [d jeZe ce# c[dje [b =eX_[hde cWdjkle ik c[diW`[ Z[ YWbcW W bW feXbWY_ÂŒd Wb Wi[]khWh gk[ bWi [l[djkWb[i \k]Wi [hWd ÆWikc_Xb[iÇ$ ;bbe de _cf_Z_ÂŒ gk[ i[ l_l_[# hWd cec[djei Z[ \k[hj[ WbWhcW jhWi [dYedjhWhi[ Y[i_e hWZ_WYj_le Y[hYW Z[ bW Y[djhWb" kdW ikijWd# Y_W WfWh[dj[c[dj[ fheY[Z[dj[ Z[b _dj[h_eh Z[b h[WYjeh o gk[ ^_pe j[c[h kd fei_Xb[ fheY[ie Z[ \ki_ÂŒd dkYb[Wh$
BW fh_c[hW fWhj[ Z[ bW Wok# [ij[ Z[ [i[ fW‡i$ ;d jejWb ikcWd kdei '+& [n# ZW c_b_jWh o Y_l_b fhec[j_ZW feh ;;$KK$ Yec[dpÂŒ W bb[]Wh f[hjei o '( f[hhei [djh[dWZei W @WfÂŒd Z[iZ[ Wo[h$ fWhW Z[j[YjWh W l‡Yj_cWi Yed l_ZW o gk[ i[ fh[lƒ gk[ bb[# FWhW ^eo [ij| fh[l_i# ĹŠ ]k[d ^eo W C_iWmW$ je gk[ [b fW‡i dehj[# ;b ;gk_fe Z[ 7i_ij[dY_W Wc[h_YWde [dl‡[ c|i fWhW bW H[ifk[ijW W :[iWi# Wi_ij[dY_W" [d \ehcW 7/#13.2ĹŠ#23 ".Äą 4-("#-2#2ĹŠ#-ĹŠ Z[ Xkgk[i" iebZWZei" , 3#1( ĹŠ-4!+# 1ĹŠ jh[i :7HJ Z[ KI7?:" gk[ ik[b[ [lWbkWh bWi d[Y[i_ZW# [nf[hjei" [gk_fW# #23;-ĹŠ#-ĹŠ!.-3 !Äą 3.ĹŠ"(1#!3.ĹŠ!.-ĹŠ Z[i [d i_jkWY_ed[i Z[ [c[h# c_[djei o f[hiedWb !.+#% 2ĹŠ#-ĹŠ
/¢-Ä“ Z[ X‘igk[ZW o Z[ ][dY_W" oW i[ [dYk[djhW [d @WfÂŒd fWhW YeehZ_dWh bW h[iYWj[$ BW 7][dY_W ;ijWZekd_# WokZW Z[ jeZWi bWi W][dY_Wi Z[b Z[di[ fWhW [b :[iWhhebbe ?d# =eX_[hde [ijWZekd_Z[di[$ BW XWi[ Wƒh[W [ijWZekd_Z[di[ j[hdWY_edWb KiW_Z " gk[ Z[# f[dZ[ Z[b :[fWhjWc[dje Z[ Z[ OeaejW" Y[hYW Z[ Jea_e" i_h# ;ijWZe" _d\ehcÂŒ gk[" W f[j_# l[ Z[ cWdZe fh_dY_fWb Z[ bWi Y_ÂŒd Z[b =eX_[hde d_fÂŒd" ^W <k[hpWi 7hcWZWi Z[ ;;$KK$ Z[ifb[]WZe Zei [gk_fei Z[ fWhW YeehZ_dWh bW WokZW ^k# X‘igk[ZW o h[iYWj[ Z[ <W_h# cWd_jWh_W o \k[ _cfehjWdj‡i_cW \Wn L_h]_d_W o Bei Ă›d][b[i [d bWi fh_c[hWi ^ehWi Z[ifkƒi fWhW WokZWh W @WfÂŒd [d iki Z[b j[hh[ceje Wb i[hl_h fWhW [b bWXeh[i Z[ [c[h][dY_W jhWi Wj[hh_pW`[ Z[ lk[bei gk[ de fe# [b jh|]_Ye j[hh[ceje Z[ .". Z‡Wd ^WY[hbe [d bW YWf_jWb" _d\eh# ]hWZei [d bW [iYWbW H_Y^j[h cÂŒ Wo[h [b [cXW`WZeh [d @WfÂŒd" gk[ WpejÂŒ Wo[h [b dehj[ o @e^d Heei$
ÄƒÄ„ĂżĂşĂşĹ‹ - * , # )-Ĺ‹ (Ĺ‹*/ &)Ĺ‹ Ĺ‹ #3 !# ĔŊ ěŊ KdWi / c_b +&&
f[hiedWi Yedj_dkWXWd Wo[h i_d i[h beYWb_pWZWi [d kd fk[# Xbe Z[ bW fhel_dY_W Z[ C_oW]_ deh[ij[ Z[ @WfŒd gk[ ik\h_Œ ebWi Z[ ^WijW Z_[p c[jhei feh [b jikdWc_ Z[b l_[hd[i$ ;b fk[Xbe [i C_dWc_iWd# h_ak" YkoW feXbWY_Œd jejWb [i Z[ '- c_b f[hiedWi o ZedZ[" i[]‘d bWi _c|][d[i jhWdic_# j_ZWi feh bW YWZ[dW Z[ j[b[#
l_i_ÂŒd D>A" fh|Yj_YWc[dj[ de gk[ZWd [Z_Ă’ Y_ei [d f_[ e i_d ^W# X[h i_Ze Wd[]WZei feh bWi W]kWi$ I[]‘d kd fehjWlep fhel_d# Y_Wb" de i[ ^W feZ_Ze YedjWYjWh Yed [iWi / c_b +&& f[hiedWi o i[ Yedj_d‘W Yed bWi bWXeh[i Z[ X‘igk[ZW$ ;d bW fhel_dY_W Z[ C_oW]_ i[ ^Wd YedjWX_b_pWZe ')- ck[hjei o /+ Z[iWfWh[Y_Zei" Z[ WYk[hZe Yed bWi Y_\hWi eĂ’ Y_Wb[i$
#! ŋ5, ŋ *)3 ŋŋ & ŋ 2 &/-#š(ŋ Z, ŋ (ŋ # # ŋ
ĉ
Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
.2ĹŠ! -!(++#1#2ĹŠ"#ĹŠ+ ĹŠ1#%(¢-ĹŠ3 , (_-ĹŠ 1#2.+5(#1.-ĹŠ3., 1ĹŠ!.-3 !3.ĹŠ!.-ĹŠ#+ĹŠ , -".ĹŠ1# #+"#Ä“ ĹŠ ĔŊ ĹŠ Ä› ;d kdW h[kd_ÂŒd
Ä“ĹŠ 1 2(+ĹŠ' ĹŠ24$1(".ĹŠ5 1( 2ĹŠ#,#1%#-!( 2ĹŠ/.1ĹŠ+ 2ĹŠ/1#!(/(3 !(.-#2ĹŠ#-ĹŠ+.2ĹŠ ĂŒ+3(,.2ĹŠ  .2Ä“
&/0# -Ĺ‹ $ (Ĺ‹ Ĺ‹'#& -Ĺ‹ -#(Ĺ‹")! ,Ĺ‹ (Ĺ‹ , -#&
bWi gk[ ^Wd i_Ze Z[ifbWpWZei Z[ ^WY[ kdW i[cWdW YW[d [d [b [gk_fei Z[b Yk[hfe Z[ XecX[hei b_jehWb ikh Z[ 8hWi_b ^Wd eXb_]WZe W Ă’d Z[ _dj[djWh dehcWb_pWh [b W Wbe`Wh [d WXh_]ei ckd_Y_fWb[i W jh|di_je$ kdWi . c_b f[hiedWi o Z[`WZe i_d bkp o W]kW fejWXb[ W lWijWi pedWi .1,#-.1#2 Z[ [iW h[]_ÂŒd" _d\ehcWhed Wo[h ;d [b [ijWZe Z[ H‡e =hWdZ[ Ze \k[dj[i eĂ’Y_Wb[i$ Ikb" Y[hYWde W FWhWd|" [ijW i[# BWi Y_kZWZ[i c|i W\[YjWZWi cWdW ckh_[hed eY^e f[hiedWi feh bWi bbkl_Wi o bWi _dkdZW# Z[X_Ze W bWi _dkdZWY_ed[i YWk# Y_ed[i ied 7djed_W" Cehh[j[i" iWZWi feh bWi bbkl_Wi" gk[ W\[Y# FWhWdW]k|" =kWhWjkXW o =kW# jWhed Yed [if[Y_Wb _dj[di_ZWZ Wb hWgk[YWXW" [d [b [ijWZe Z[ FW# ckd_Y_f_e Z[ IWe Bekh[d‚e Ze hWd|" [d bWi gk[ WZ[c|i ^Wo Ikb" ZedZ[ ^eo Wb]kdWi pedWi fheXb[cWi [d [b WXWij[Y_c_[dje f[hcWd[Y‡Wd XW`e [b W]kW$ Z[ W]kW o Z[ [d[h]‡W [bƒYjh_YW" KdW i_jkWY_ÂŒd i_c_bWh i[ l_l[ i[]‘d kd _d\ehc[ Z_\kdZ_Ze Z[iZ[ [b fWiWZe `k[l[i [d CWje feh [b Z[fWhjWc[dje Z[ :[\[diW =heiie Ze Ikb" kd [ijWZe Yed \k[hj[ WYj_l_ZWZ W]hef[YkWh_W" 9_l_b$ >WijW W^ehW" bWi Wkjeh_ZWZ[i [d [b gk[ kdWi ,,$&&& f[hiedWi ^Wd _d\ehcWZe ieXh[ bW ck[hj[ \k[hed Wbe`WZWi [d WXh_]ei ck# Z[ kdW f[hiedW" gk[ \k[ i[fkb# d_Y_fWb[i$ BWi fh[Y_f_jWY_ed[i [d [iW h[# jWZW feh kd Z[hhkcX[ Z[ j_[hhW fheleYWZe feh bWi bbkl_Wi" Wkd# ]_ÂŒd \hedj[h_pW Yed FWhW]kWo o gk[ [b XWbWdY[ [i fWhY_Wb o fk[# 8eb_l_W ^Wd W\[YjWZe i[h_Wc[dj[ Yei[Y^Wi Z[ ]hWdei o [d fWhj_Yk# Z[d ^WX[h ejhWi l‡Yj_cWi$ Bei Z[ib_pWc_[djei Z[ j_[hhW bWh Z[ ie`W" gk[ fk[Z[d f[hZ[hi[ fheleYWZei feh bei W]kWY[hei [d kd )& " i[]‘d Y|bYkbei Z[ jWcX_ƒd ^Wd YehjWZe [b fWie [d ^WY[dZWZei Z[ bW pedW Y_jWZei Wb]kdWi YWhh[j[hWi \[Z[hWb[i" W feh c[Z_ei beYWb[i$ ĔŊ ĹŠÄš BWi bbkl_Wi gk[ Z[i#
iWX_b_ZWZ Wdj[ [b Z[j[h_ehe Z[ [njhWehZ_dWh_W gk[ i[ Y[b[XhÂŒ bW i_jkWY_ÂŒd [d B_X_W o WZefj[ [d ;b 9W_he" bei c_d_ijhei Z[ bWi c[Z_ZWi ik\_Y_[dj[i fWhW 7ikdjei ;nj[h_eh[i Z[ bW B_]W _cfed[h _dc[Z_WjWc[dj[ kdW Ă›hWX[ [nfh[iWhed Wo[h ik Wfe# pedW Z[ [nYbki_ÂŒd W bW Wl_WY_ÂŒd oe W bW _cfei_Y_ÂŒd Z[ kdW pedW b_X_WÇ$ JWcX_ƒd ieb_Y_jW Æ[ijWXb[Y[h Z[ [nYbki_ÂŒd Wƒh[W [d B_X_W o h[YedeY_[hed Wb cWdZe h[X[bZ[ pedWi i[]khWi [d bei bk]Wh[i [nfk[ijei Wb XecXWhZ[e Yece b_X_e Yece _dj[hbeYkjeh" ;b i[Yh[jWh_e ][d[hWb Z[ bW c[Z_ZW fh[l[dj_lW gk[ f[hc_# eh]Wd_pWY_ÂŒd fWd|hWX[" 7che jW Z_ifed[h Z[ fhej[YY_ÂŒd Wb CkiW" WdkdY_ÂŒ bW Z[Y_i_ÂŒd Z[ fk[Xbe b_X_e o W bei h[i_Z[dj[i f[Z_h Wb 9edi[`e Z[ I[]kh_ZWZ [njhWd`[hei Z[ Z_\[h[dj[i dW# Z[ bW Eh]Wd_pWY_ÂŒd Z[ DWY_ed[i Y_edWb_ZWZ[iÇ$ Kd_ZWi gk[ _cfed]W bW [nYbk# ;d [ij[ i[dj_Ze" CkiW Z_`e i_ÂŒd Wƒh[W [d B_X_W ÆYece kdW gk[ i[ Z_h_][d Wb 9edi[`e Z[ I[# c[Z_ZW fh[l[dj_lW o de ]kh_ZWZ Z[ bW EDK feh# c_b_jWhÇ$ gk[ [i Æ[b ÂŒh]Wde [dYWh# ĹŠ CkiW Wi[]khÂŒ jWc# ]WZe Z[ bW i[]kh_ZWZ ckdZ_Wb o Z[ WZefjWh X_ƒd gk[ Yec[dpWh|d bei YedjWYjei Yed [b c|n_ce -ĹŠ! , 1¢%1 $.ĹŠ bWi c[Z_ZWi gk[ [ij_c[ "#+ĹŠ! - +ĹŠ0 3 1~ĹŠ Yedl[d_[dj[i Z[djhe Z[ ÂŒh]Wde Z[ h[fh[i[djW# +ĹŠ 2(1 ĔŊ +(ĹŠ #1ĔŊ bW b[]Wb_ZWZ _dj[hdWY_e# Y_ÂŒd h[X[bZ[ b_X_e o ik# 2 -ĹŠ +ĹŠ ,41(¢Ŋ 8#1ĹŠ8ĹŠ24ĹŠ XhWoÂŒ gk[ Æ[b jhWje Yed !.,/  -3#ĹŠ dWbÇ$ 2#1ĹŠ +ĹŠ " 1ĹŠ [b 9edi[`e DWY_edWb Z[ ! 8¢Ŋ'#1(".ĹŠ#-ĹŠ .2! " ĹŠ JhWdi_Y_ÂŒd [i kd h[Ye# 4- ĹŠ#, 1.3#!!(¢-ĹŠ ĹŠ!(5(+#2 !#1! ĹŠ"#ĹŠ ;b Yeckd_YWZe Z[ bW deY_c_[dje fh|Yj_Ye Z[b #-% 2(Ä“ c_iceÇ$ B_]W Ă›hWX[ jWcX_ƒd _d# ÆBW YebWXehWY_ÂŒd Yed Z_YW gk[ bei c_d_ijhei [b cWdZe h[X[bZ[ [i fWhW \WY_b_# Z[ ;nj[h_eh[i |hWX[i Z[Y_Z_[# jWh bW fhej[YY_ÂŒd o bW WokZW ^k# hed ÆbW YebWXehWY_ÂŒd o Yeckd_# cWd_jWh_W Wb fk[Xbe b_X_e Z[djhe YWY_ÂŒd Yed [b 9edi[`e DWY_edWb Z[b cWhYe gk[ [ij_fkbW bW b[]Wb_# Z[ JhWdi_Y_ÂŒd o Z_ifed[h WokZW kh][dj[ o Yedj_dkW Wb fk[Xbe b_# ZWZ _dj[hdWY_edWbÇ" i[‹WbÂŒ$ BW Z[Y_i_ÂŒd Z[ bW B_]W Ă›hWX[ X_eÇ$ 7i_c_ice" i[‹WbW gk[ i[ \k[ h[Y_X_ZW Yed l‡jeh[i" WfbWk# iei o ]h_jei Z[ Wb[]h‡W [d bW Y_k# ejeh]Wh| W bei Y_l_b[i ÆbW fhe# ZWZ Z[ 8[d]Wi_ o ejhei i_j_ei j[YY_ÂŒd d[Y[iWh_W \h[dj[ W bei eYkfWZei feh bei efei_jeh[i Z[ ]hWl[i Yh‡c[d[i o l_ebWY_ed[i =WZWĂ’$ gk[ ik\h[d feh fWhj[ Z[ bWi Wk# jeh_ZWZ[i b_X_Wi" gk[ f_[hZ[d b[]_j_c_ZWZÇ$ .!4,#-3. ;b Yeckd_YWZe Ă’dWb Z[b Xbegk[ Feh ik fWhj[" [b c_d_ijhe Z[ |hWX[ f_Z[ Wb 9edi[`e Z[ I[]k# ;nj[h_eh[i ecWd‡" Oki[\ X_d h_ZWZ gk[ ÆWikcW ik h[ifed# 7bWm_ X_d 7XZkb|" Ykoe fW‡i
#"(" Ŋ #2/#1 " ŊŊ +Ŋ1#!.-.!(,(#-3.Ŋ"#+Ŋ .-2#).Ŋ ŗ !(.- +Ŋ ( (.Ŋ"#Ŋ 1 -2(!(¢-Ŋ8Ŋ+ Ŋ
(,/.2(!(¢-Ŋ"#Ŋ+ Ŋ9.- Ŋ"#Ŋ#7!+42(¢-Ŋ _1# Ŋ#1 -Ŋ+ 2Ŋ/1(-!(/ +#2Ŋ"#!(Ĺ 2(.-#2Ŋ04#Ŋ2#Ŋ#2/#1 Ŋ3., 1 Ŋ+ Ŋ
(% ĹŠ:1 #ĹŠ#-ĹŠ#23 ĹŠ1#4-(¢-ĔŊ04#ĹŠ$4#ĹŠ !.-5.! " ĹŠ"#ĹŠ41%#-!( ĹŠ#+ĹŠ/ 2 ".ĹŠ Ä‘ĹŠ"#ĹŠ, 19.Ä“ +ĹŠ/1.-4-!( ,(#-3.ĹŠ;1 #ĹŠ 2. 1#ĹŠ+ 2ĹŠ,#"(" 2ĹŠ ĹŠ3., 1ĹŠ!.-31 ĹŠ #+ĹŠ1_%(,#-ĹŠ"#+ĹŠ+~"#1ĹŠ+( (.ĔŊ 4 , 1ĹŠ +ĹŠ " ÄƒÄ”ĹŠ#1 ĹŠ,48ĹŠ#2/#1 " ĹŠ/.1ĹŠ+ ĹŠ !.,4-(" "ĹŠ(-3#1- !(.- +Ä“
;2ĹŠ/1#2(¢-ĹŠ 2. 1#ĹŠ " ă ĹŠĹŠ +ĹŠ . (#1-.ĹŠ"#ĹŠ Ä“ Ä“ĹŠ5 +.1¢Ŋ+ ĹŠ Ĺ—/.2(!(¢-ĹŠ04#ĹŠ3.,¢Ŋ'.8ĹŠ+ ĹŠ (% ĹŠ:1 Äą
#ĹŠ/ 1 ĹŠ 4,#-3 1ĹŠ+ ĹŠ/1#2(¢-ĹŠ2. 1#ĹŠ #+ĹŠ+~"#1ĹŠ+( (.ĔŊ 4 , 1ĹŠ +ĹŠ " ÄƒÄ”ĹŠ +ĹŠ#7/1#2 1ĹŠ24ĹŠ /.8.ĹŠ ĹŠ4- ĹŠ9.- ĹŠ "#ĹŠ#7!+42(¢-ĹŠ _1# ĹŠ8ĹŠ1#!.-.!#1ĹŠ +ĹŠ , -".ĹŠ1# #+"#ĹŠ!.,.ĹŠ(-3#1+.!43.1Ä“ +ĹŠ/.13 5.9ĹŠ"#ĹŠ+ ĹŠ 2 ĹŠ + -! ĔŊ
8ĹŠ 1-#8ĔŊ"().ĹŠ#-ĹŠ4-ĹŠ!.,4-(! ".ĹŠ 04#ĹŠ Ä“ Ä“ĹŠÄĄ5 +.1 ĹŠ#23#ĹŠ(,/.13 -3#ĹŠ / 2.ĹŠ" ".ĹŠ/.1ĹŠ+ ĹŠ (% ĹŠ:1 #ĢĔŊ /.104#ĹŠÄĄ 4,#-3 ĹŠ+ ĹŠ/1#2(¢-ĹŠ(-3#1Äą - !(.- +ĹŠ2. 1#ĹŠ " ÄƒĹŠ8ĹŠ1#2/ +" ĹŠ ĹŠ +.2ĹŠ!(4" " -.2ĹŠ+( (.2Ģē
fh[i_Z‡W bW h[kd_ÂŒd Z[ ^eo" WĂ’h# cÂŒ gk[ bW _cfei_Y_ÂŒd Z[ kdW pedW Z[ [nYbki_ÂŒd Wƒh[W [i ÆkdW c[Z_ZW fh[l[dj_lW ^kcWd_jW# h_WÇ$ Æ7i‡ Yece WY[fjWcei [ijW c[Z_ZW jWcX_ƒd h[Y^WpWcei YkWbgk_[h _dj[hl[dY_ÂŒd [njhWd# `[hW XW`e YkWbgk_[h fh[j[nje o [ijW WYY_ÂŒd Z[X[ j[hc_dWh YkWdZe j[hc_d[d bWi YWkiWi Z[ bW Yh_i_iÇ" W]h[]ÂŒ$
),( Ĺ‹- (!,# (. Ĺ‹ (Ĺ‹ ,,#)Ĺ‹ Ĺ‹ &&v( :ĔŊ ĹŠÄ› Kd ]hkfe Z[ ^ec# Xh[i \k[hj[c[dj[ WhcWZei Yed f_ijebWi o \ki_b[i cWjÂŒ W YkWjhe f[hiedWi o Z[`ÂŒ ^[h_ZWi W ejhWi Y_dYe" YkWdZe Z[fWhj‡Wd [d kdW l_l_[dZW Z[ bW Y_kZWZ YebecX_W# dW Z[ C[Z[bb‡d dehe[ij[ " _d\eh# cÂŒ Wo[h bW Feb_Y‡W$ BW _dYkhi_ÂŒd WhcWZW i[ h[]_i# jhÂŒ [d bW cWZhk]WZW [d kdW l_# l_[dZW Z[b XWhh_e =kWoWXWb$ L[Y_dei Z[b i[Yjeh Z[YbWhWhed W hWZ_ei beYWb[i gk[ de dejWhed gk[ i[ h[]_ijhWhWd Z_iYki_ed[i e Wbj[hYWZei o ‘d_YWc[dj[ [iYk# Y^Whed bei Z_ifWhei$
7]h[]Whed gk[ bei i_YWh_ei bb[]Whed W bW l_l_[dZW o i_d c[# Z_Wh fWbWXhW Z_ifWhWhed YedjhW gk_[d[i [ijWXWd [d [bbW$ Bei ^[h_Zei \k[hed jhWibWZW# Zei W Y[djhei Wi_ij[dY_Wb[i Z[b i[Yjeh" [d ZedZ[ ik [ijWZe Z[ iW# bkZ [i h[i[hlWZe" o Wb c[dei kde Z[ [bbei j_[d[ ^[h_ZWi ]hWl[i$ BWi Wkjeh_ZWZ[i _dl[ij_]Wd i_ bW cWjWdpW [i fheZkYje Z[ [d\h[djWc_[djei Z[ XWdZWi Z[b_dYk[dY_Wb[i [d\h[djWZWi feh [b Yedjheb Z[ pedWi [d bWi gk[ i[ Yec[hY_Wb_pW Yed Zhe]Wi _b‡Y_jWi$
¥ ēŊ+.2Ŋ' (3 -3#2Ŋ"#Ŋ+ 2Ŋ!(4" "#2Ŋ!.-31.+ " 2Ŋ/.1Ŋ+ Ŋ./.2(!(¢-Ŋ!#+# 1 1.-Ŋ+ Ŋ"#!(2(¢-Ŋ"#Ŋ+ Ŋ (% Ŋ:1 #
Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
ÄŠ
4(" -".ĹŠ+ ĹŠ - 341 +#9 (#-3 +#2ĹŠ Ĺ—3 ,ĹŠĹŠ 2ĹŠ+(,(3 !(.-#2ĹŠ , (_-ĹŠ!.-31( 48#-ĹŠ ĹŠ2.23#-#1ĹŠ+.2ĹŠ
/1#!(.2ĹŠ %1~!.+ 2ĔŊ/.104#ĹŠ#+#5 -ĹŠ!.2Äą 3.2ĹŠ8ĹŠ1#231(-%#-ĹŠ+.2ĹŠ!4+3(5.2ĹŠ#-ĹŠ;1# 2ĹŠ "#ĹŠ/1#2#15 !(¢-ĔŊ!.,.ĹŠ .204#2ĹŠ8ĹŠ #!.2(23#, 2ĹŠ'ĂŒ,#".2Ä“ -ĹŠ 1 2(+ĔŊ 2#%41 -ĹŠ%. #1- -3#2ĹŠ 8ĹŠ+~"#1#2ĹŠ#,/1#2 1( +#2ĔŊ-.ĹŠ2#ĹŠ-#Äą !#2(3 ĹŠ"#$.1#23 1ĹŠ+ ĹŠ , 9.-( ĹŠ/ 1 ĹŠ 4,#-3 1ĹŠ+ ĹŠ/1."4!!(¢-ĹŠ %1./#!4 Äą 1( ĹŠ +ĹŠ1(3,.ĹŠ1#04#1(".Ä“ĹŠ
ĹŠ,#! -(9 !(¢-ĔŊ04#ĹŠ2#ĹŠ#,Äą /+# ĹŠ'.8ĹŠ#-ĹŠ#+ĹŠÄ?Ä‡Ĺ˜ĹŠ"#ĹŠ+ ĹŠ!.2#!' ĹŠ "#ĹŠ!  Ŋ"#ĹŠ 9ĂŒ! 1ĹŠ"#+ĹŠ#23 ".ĹŠ"#ĹŠ Q.ĹŠ 4+.ĹŠ8ĹŠ04#ĹŠ#-ĹŠÄ‰Ä‡ÄˆÄŒĹŠ++#% 1;ĹŠ ĹŠÄˆÄ‡Ä‡Ĺ˜Ä”ĹŠ,#).1 ĹŠ#+ĹŠ24#+.ĹŠ/1#5( Äą ,#-3#ĹŠ"#%1 " ".ĹŠ/.1ĹŠ+ ĹŠ% - "#1~ ĹŠ /.104#ĹŠ"#) ĹŠ2. 1#ĹŠ_+ĹŠ,4!'.ĹŠ, 3#Äą 1( +ĹŠ.1%;-(!.ĔŊ"().ĹŠ -.#+ĹŠ 13.+ -ĔŊ /1#2("#-3#ĹŠ"#ĹŠ+ ĹŠ 2.!( !(¢-ĹŠ"#ĹŠ 4+3(5 ".1#2ĹŠ"#ĹŠ  Ŋ"#+ĹŠ #23#ĹŠ "#+ĹŠ 23 ".ĹŠ"#ĹŠ Q.ĹŠ 4+.Ä“
ēŊ 2Ŋ/.2( +#Ŋ#+#5 1Ŋ+ Ŋ/1."4!!(¢-Ŋ2(-Ŋ 5 -9 1Ŋ2. 1#Ŋ-4#5 2Ŋ3(#11 2Ŋ , 9¢-(! 2ē
, -#&Ĺ‹*). ( # Ĺ‹-/Ĺ‹ !,# /&./,
ĹŠ!.2#!' ĹŠ"#ĹŠ%1 -.2ĹŠ!1#!(Â˘ĹŠÄˆÄŽÄ‡Ĺ˜ĹŠ#-ĹŠ+.2ĹŠ ĂŒ+3(,.2ŊĉćŊ  .2ĹŠ#-ĹŠ4-ĹŠ;1# ĹŠ2#, 1 " ĹŠ04#ĹŠ #2ĹŠ2.+.ĹŠÄŠÄ‡Ĺ˜ĹŠ,;2ĹŠ#73#-2 ĹŠ04#ĹŠ#-ĹŠÄˆÄ’Ä’Ä‡Ä“
^ ĹŠ š ;b WbpW Z[ bei fediWX_b_ZWZ o bei ^eh_pedj[i fh[Y_ei W]h‡YebWi Z[ijWYW bW [YedÂŒc_Yei Z[ 8hWi_b$ Yedjh_XkY_ÂŒd gk[ fk[Z[ ^WY[h 8hWi_b fWhW \h[dWh [b h[YhkZ[Y_# .3#-!( +ĹŠ c_[dje Z[b ^WcXh[ o Z[ bW _dĂ“W# ;ij[ fW‡i ikZWc[h_YWde j_[d[ Y_ÂŒd" gk[ lk[bl[d W Wj[ceh_pWh Æj_[hhW" j[Ydebe]‡W o W]h_Ykb# Wb ckdZe$ jeh[i YehW`kZeiÇ fWhW h[ifed# BW W]h_YkbjkhW XhWi_b[‹W [i Z[h Wb Z[iW\‡e" f[he b[ \WbjW kdW bW gk[ Yh[Y[h| c|i [d bei [ijhWj[]_W fWhW Ykcfb_h fhÂŒn_cei W‹ei" WbYWd# ĹŠ Æik Z[ij_deÇ" i[]‘d He# pWdZe *& [djh[ (&'& o X[hje HeZh_]k[i" gk[ \k[ (&'/" [b ZeXb[ Z[b _dYh[# 1 2(+ĹŠ8 ĹŠ#2ĹŠ#+ĹŠ c_d_ijhe Z[ 7]h_YkbjkhW c[dje ckdZ_Wb d[Y[iWh_e , 8.1ĹŠ#7/.13 Äą [djh[ (&&) o (&&," Z[i# fWhW Wj[dZ[h bW [nfWdi_ÂŒd ".1ĹŠ,4-"( +ĹŠ"#ĹŠ 9ĂŒ! 1ĔŊ! $_ĔŊ! 1Äą fkƒi Z[ fh[i_Z_h [b 9ec_# Z[ bW Z[cWdZW ckdZ_Wb -#2ĔŊ2.) ĹŠ8ĹŠ)4%.ĹŠ jƒ CkdZ_Wb Z[ 9eef[hWj_# "#ĹŠ- 1 -) Ä“ĹŠ [d [i[ f[h‡eZe" i[]‘d bW lWi 7]hWh_Wi$ Eh]Wd_pWY_ÂŒd Z[ bWi DW# ;ijW dWY_ÂŒd" Yed j_[hhW Y_ed[i Kd_ZWi fWhW bW 7]h_Ykbjk# Z_ifed_Xb[ o YedeY_c_[dje WYk# hW o bW 7b_c[djWY_ÂŒd <7E $ ckbWZe ieXh[ W]h_YkbjkhW jhe# >WY_W (&+& bW fheZkYY_ÂŒd f_YWb" [dYWX[pWh| [i[ Wkc[dje W]h‡YebW ckdZ_Wb j[dZh| gk[ Z[ fheZkYY_ÂŒd" f[he i_ jkl_[hW Yh[Y[h -& " Wcfb_WdZe bW h[i# kd fbWd [ijhWjƒ]_Ye ÆWY[b[hWh‡WÇ
ēŊ Ŋ/. + !(¢-Ŋ,4-"( +Ŋ!1#!#Ŋ8Ŋ2#Ŋ-#!#2(3 1;Ŋ,;2Ŋ"(2/.-( (+(" "Ŋ"#Ŋ!.,(" ē
[i[ fheY[ie" W^ehhWdZe j_[cfe" ieijkle$ ;b |h[W XhWi_b[‹W Ykbj_lWZW WYjkWbc[dj[ [i Z[ -( c_bbed[i
Z[ ^[Yj|h[Wi" ."+ Z[b j[hh_je# h_e dWY_edWb" o i[ fk[Z[d _d# YehfehWh ejhei /& c_bbed[i Z[ ^[Yj|h[Wi i_d W\[YjWh Xeigk[i
dWj_lei" fehgk[ Wb c[dei -& c_bbed[i Z[ ^[Yj|h[Wi ied Z[ fWij_pWb[i Z[]hWZWZei" Wi[]khΠHeZh_]k[i$
& -Ĺ‹ Ĺ‹' ,#*)- -Ĺ‹ )(0 ,.# -Ĺ‹ (Ĺ‹ ,. ĔŊ ĹŠĂ• Kd h[YÂŒdZ_je ck#
ēŊ Ŋ3_!-(! Ŋ/(!3¢1(! Ŋ' Ŋ++ , ".Ŋ+ Ŋ 3#-!(¢-Ŋ"#Ŋ+.2Ŋ , -3#2Ŋ"#Ŋ+ Ŋ - 341 +#9 Ŋ8Ŋ+ Ŋ #++#9 ē
i[e Z[ <_b_f_dWi [n^_X[ kdW [i# jhWcXŒj_YW ck[ijhW Z[ YkWZhei Z[ fW_iW`[i o h[jhWjei ^[Y^ei Yed c_b[i Z[ Z_c_dkjei jhepei Z[ l_ijeiWi WbWi Z[ cWh_feiW" gk[ fWhW iki WZc_hWZeh[i i[ jhWjW Z[ kd Whj[$ Bei ceiW_Yei [nfk[ijei [d [b iWdjkWh_e Z[ cWh_feiWi @kcW# bed" W bWi W\k[hWi Z[ bW Y_kZWZ Z[ 9[X‘" fWh[Y[d W i_cfb[ l_ijW f_djkhWi Wb Œb[e" de cko Z_ij_d# jWi Z[ bWi WYkWh[bWi Yeb]WZWi [d fWh[Z[i Z[ bW iWbW" f[he [nWc_# d|dZebWi Z[ Y[hYW i[ Wfh[Y_W [b
[n^Wkij_le jhWXW`e h[Wb_pWZe feh [b Whj_ijW @kb_|d @kcWbed" \Wbb[Y_Ze ^WY[ kdW ZƒYWZW W bei /( W‹ei$ #2/#3.ĹŠ- 341 +
Bei Z_c_dkjei jhepei Z[ WbW \eh# cWd" Yed kd [ij_be gk[ h[Yk[hZW Wb _cfh[i_ed_ice" fW_iW`[i dW# jkhWb[i" _c_jWd kdW f_djkhW hk# f[ijh[ fh[^_ijÂŒh_YW e Z_Xk`Wd [b h[jhWje Z[ f[hiedW`[i ^_ijÂŒh_Yei" Yece 9^Whb[i :Whm_d e [b ^ƒhe[ dWY_edWb Ă’b_f_de" @eiƒ H_pWb$ Æ;b c|i \Wceie \k[ gk_p| kde gk[ ^_pe Z[b FWfW @kWd FWXbe ??"
i[ be [djh[]ÂŒ ƒb c_ice Wb fedj‡Ò# Y[ YkWdZe l_i_jÂŒ 9[X‘ [d '/.'Ç" h[Yk[hZW EicWd" ^_`e Z[b Whj_ijW \Wbb[Y_Ze o W YWh]e Z[b cki[e o [b iWdjkWh_e Z[ cWh_feiWi Wb[ZW‹e$ 7Z[c|i" WYbWhW gk[ ik fWZh[ dkdYW cWjÂŒ kdW cWh_feiW fWhW ^WY[h iki YkWZhei o gk[ iebe kj_# b_pWXW WbWi gk[ [ijkl_[hWd ZW‹W# ZWi o de i_hl_[hWd fWhW bW Yeb[Y# Y_ÂŒd Z[ Y_[djei Z[ [`[cfbWh[i Z[ bei Y_dYe Yedj_d[dj[i gk[ Yec# fb[jÂŒ ZkhWdj[ i_[j[ ZƒYWZWi" Yed# i_Z[hWZW bW cWoeh Z[ <_b_f_dWi o gk[ _dYbko[ [if[Y_[i WkjÂŒYjedWi Z[iYkX_[hjWi feh ƒb c_ice$
Ä Ä€
ÄƒĹŠ!( +(9 -ĹŠ14/341 ĹŠ
423(-ĹŠ (, #1+ *#ĹŠ8ĹŠ #22(! ĹŠ (#+ĹŠ2#ĹŠ' -ĹŠ2#/ 1 ".ĹŠ"#2/4_2ĹŠ"#ĹŠ,;2ĹŠ"#ĹŠ!4 Äą 31.ĹŠ  .2ĹŠ"#ĹŠ-.5( 9%.Ä“ĹŠ +ĹŠÄƒĹŠ-ĹŠ"#ĹŠ+ ĹŠ1#+ !(¢-ĹŠ$4#ĹŠ!.-ÄƒĹŠ1, ".ĹŠ#+ĹŠ)4#5#2ĹŠ/.1ĹŠ4-ĹŠ 1#/1#2#-3 -3#ĹŠ"#ĹŠ+ ĹŠ/ 1#) ĔŊ2#%ĂŒ-ĹŠ(-$.1,¢Ŋ#+ĹŠ2(3(.ĹŠ6# ĹŠ"#ĹŠ+ ĹŠ Ä“ĹŠÄĄ .2ĹŠ".2ĹŠ 2(%4#-ĹŠ2(#-".ĹŠ ,(%.2ĹŠ8ĹŠ ĂŒ-ĹŠ!.-2#15 -ĹŠ,4!'.ĹŠ ,.1ĹŠ8ĹŠ1#2/#3.ĹŠ#+ĹŠ4-.ĹŠ/.1ĹŠ#+ĹŠ .31.ĢĔŊ"().ĹŠ#+ĹŠ!.,4-(! ".Ä“ĹŠ #ĹŠ !4#1".ĹŠ!.-ĹŠ#+ĹŠ"( 1(.ĹŠ 1(3;-(!.ĹŠ (+8ĹŠ (+ĔŊ+ ĹŠ "#!(2(¢-ĹŠ$4#ĹŠ"#+ĹŠ! -3 -3#ĹŠ8ĹŠ (#+ĹŠ#23;ĹŠÄĄ 11 2 " ĢēŊ ĹŠ ĹŠ
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?Ĺ?
ĹŠ
.1ĹŠÄƒĹŠ-ĔŊ+ ĹŠ-( Ŋ
Ä“ ;b \kjXeb_ijW _d]bƒi :Wl_Z 8[Ya^Wc" Z[ )+ W‹ei" o ik [ifeiW L_Yjeh_W" Z[ )," W‘d [ij|d [d [ijWZe Z[ i^eYa bk[]e Z[ h[Y_X_h bW dej_Y_W Z[ gk[ [b YkWhje ^_`e gk[ [if[hWd fWhW `kb_e i[h|" feh Ă’ d" kdW d_‹W$ BW fWh[`W j_[d[ jh[i lWhed[i0 8heeabod" Z[ '( W‹ei" Hec[e" Z[ ." o 9hkp" Z[ ,$ BW [n _dj[]hWdj[ Z[ bWi If_Y[ =_hbi ^WX‡W Z_Y^e h[Y_[dj[c[dj[ gk[ bWi fei_X_b_ZWZ[i Z[ kdW d_‹W [hWd ÆXWijWdj[ [iYWiWiÇ$
^ĹŠ
ĹŠ
.+#23 ĹŠ/.1ĹŠ 14,.1#2ĹŠ
Ä -ĹŠÄĽ Ä‚ĹŠ (1ÄŚĹŠ!.-ĹŠ 1 ".- Ä&#x;
^ ŊĚŊ Ŋ,."#+.Ŋ/ 1 %4 8 ĔŊ
04(#-ĹŠ#23;ĹŠ#-ĹŠ 1%#-3(- ĹŠ/ 1 ĹŠ/ 1Äą 3(!(/ 1ĹŠ#-ĹŠ#+ĹŠ/1.%1 , ĹŠÄĽ (+ -".ĹŠ /.1ĹŠ4-ĹŠ24# .ČĔŊ/."1~ ĹŠ#23 1ĹŠ3#-(#-Äą ".ĹŠ4- ĹŠ1#+ !(¢-ĹŠ2#-3(,#-3 +ĹŠ!.-ĹŠ #+ĹŠ#7$43 .+(23 ĹŠ 1%#-3(-.ĹŠ (#%.ĹŠ 1, -".ĹŠ 1 ".- Ä“ĹŠ #%ĂŒ-ĹŠ#+ĹŠ "( 1(.ĹŠ 1%#-3(-.ĹŠ ĹŠ .9ĔŊļ ĹŠ-.5( ĹŠ "#+ĹŠ,4-"( +ÄŚĹŠ3(#-#ĹŠ#, #+#2 ".ĹŠ +ĹŠ ÄĽ #+42 ČĔŊ04(#-ĹŠ/("(¢Ŋ ĹŠ24ĹŠ ,(%.ĔŊ 1!#+.ĹŠ (-#++(ĔŊ"(1#!3.1ĹŠ"#+ĹŠÄĽ1# Äą +(38ČĔŊ04#ĹŠ+ ĹŠÄĽ, -(04~ÄŚĹŠ$4#1 ĹŠ4- ĹŠ"#ĹŠ + 2ĹŠ#+#%(" 2Ä“ĹŠ ĹŠ ĹŠ
ēŊ 2Ŋ'() Ŋ"#Ŋ4- Ŋ3./Ŋ,."#+Ŋ"#Ŋ+ Ŋ"_! " Ŋ"#+ŊđćĔŊ .1 Ŋ .13#+ ē
ĹŠ ĹŠ ĹŠ ĹŠÄ‰Ä‡ÄˆÄˆ
(- ĹŠ 1~ ĹŠ -3¢Ŋ ĸ .2ĹŠ ~.2Äš 234"( -3#ĹŠ"#ĹŠ!.,4-(! !(¢-ĹŠ 2.!( +ĹŠ#-ĹŠ+ ĹŠ -(5#12(" "ĹŠ _!-(! ĹŠ "#ĹŠ '.8.ĔŊ (- ĹŠ 1~ ĹŠ2#ĹŠ 1#ĹŠ ! ,/.ĹŠ#-ĹŠ#23 ĹŠ/1.$#2(¢-ĹŠ8ĹŠ 24,#ĹŠ #+ĹŠ1#3.ĹŠ#-ĹŠ+ ĹŠ"(1#!!(¢-ĹŠ"#ĹŠ+ ĹŠ1#5(23 ĹŠ ÄĽ -3_1 3#ÄŚÄ“ĹŠ "#,;2ĹŠ!.,/ %(- ĹŠ #23 ĹŠ !3(5(" "ĹŠ#-ĹŠ+ ĹŠ+ .1ĹŠ2.!( +ĹŠ #-ĹŠ+ ĹŠ 149ĹŠ .) ĹŠ8ĹŠ#2ĹŠ$4-" ".1 ĹŠ"#+ĹŠ ,.5(,(#-3.ĹŠ ( .2ĹŠ ".+#2!#-3#2ĔŊ #-ĹŠ#+ĹŠ! -3¢-ĹŠ 1" -#3 ĔŊ".-"#ĹŠ2#ĹŠ !.1.-¢Ŋ #(- ĹŠ#-ŊĉććÄ?Ä“ .-.9! ĹŠ ĹŠ3." 2ĹŠ+ 2ĹŠ ! -"(" 3 2ĹŠ#-Ä– 666Ä“+ '.1 Ä“!.,Ä“#!
" "Ä–ĹŠĹŠÄˆÄ‘ĹŠ  .2 23 341 Ä–ĹŠĹŠĹŠÄˆÄ”Ä?Ä‘ #"(" 2Ä–ĹŠĹŠÄ‘Ä?ÄąÄ?ćĹĒć
7-.5( Ŋ"#Ŋ #1 3(Ŋ #23;Ŋ(-"(%- " Ŋ /.1Ŋ+.2Ŋ!'(2,#2Ŋ 2. 1#Ŋ+ Ŋ1#+ !(¢-Ŋ "#Ŋ , .2ēŊ Ŋ ĔŊ Ŋ ěŊ BW ceZ[be o
d[i bW h[l_ijW Wh][dj_dW FWhW J_$ ;d 8k[dei 7_h[i ÆjeZe i[ jeh# dÂŒ h_Z‡Ykbe$ Fh[j[dZe _hc[" feh# gk[ [ijWh jWdje j_[cfe [d [ijW Y_kZWZ jWcfeYe c[ Z_l_[hj[$ 9WbYkbe gk[ Z[djhe Z[ Zei c[# i[i c[ _hƒ W l_l_h W\k[hW" YkWdZe j[hc_d[ Z[ ]hWXWh kdW f[b‡YkbWÇ" i[‹WbÂŒ$
'(2,#2 [ndel_W Z[ =kijWle 9[hW# j_ Wi[]khÂŒ gk[ fbWd[W _h W ĹŠ BW ceZ[be i[ ceijhÂŒ l_l_h W BedZh[i o Z_`e [i# ceb[ijW Yed ÆbW ][dj[ jWh ÆZeb_ZWÇ feh jeZei bei gk[ ^WXbW i_d iWX[hÇ" Wb hkceh[i gk[ Y_hYkbWhed ie# 2ĹŠ!.-2("#1 " ĹŠ !.,.ĹŠÄĽ ĹŠ1# #+"#ĹŠ WbkZ_h" [djh[ ejhWi Yk[i# j_ed[i" W bei hkceh[i ie# Xh[ ik h[bWY_ÂŒd Yed [b c‘# "#+ĹŠ,4-". i_Ye Wh][dj_de" gk_[d [ij| ĹŠ$ 2'(.-ÄŚÄ“ĹŠ ĹŠ Xh[ kd ikfk[ije Z_ijWd# 1#!' 9 ".ĹŠ!.-Äą [d YecW Z[iZ[ ^WY[ YWi_ '& 31 3.2ĹŠ#-ĹŠ 1~2ĔŊ Y_Wc_[dje Yed bW \Wc_b_W /.1ĹŠ-#% 12#ĹŠ ĹŠ c[i[i feh kd WYY_Z[dj[ Y[# "#+% 9 1Ä“ Z[b [nb‡Z[h Z[ bW Z_ik[bjW h[XhelWiYkbWh$ XWdZW IeZW Ij[h[e$ ÆI[ ^WXbÂŒ Z[cWi_W# ÆC[ fWh[Y[ kdW \WbjW Z[ h[if[je [dehc[ ^WY_W ƒb" de Ze Z[ kdW h[bWY_ÂŒd gk[ iebe ^WY_W c‡Ç" [nfh[iÂŒ bW `el[d [d [i Yecfb[jWc[dj[ fh_lWZW" gk[ kdW [djh[l_ijW gk[ fkXb_YÂŒ [b l_[h# [i bW dk[ijhW$ ;d kd cec[dje
i[ Z_`e gk[ [ij|XWcei jeZei f[# b[WZei$ Oe `Wc|i c[ i[fWhƒ Z[ ik bWZe$ 7 f[iWh Z[ gk[ \k[ kdW h[bWY_ÂŒd cko YehjW" bW ][dj[ gk[ dei YedeY[ iWX[ gk[ [ij|XWcei ^WijW bWi f[bejWiÇ" Wi[]khÂŒ$
4-3.ĹŠ ĹŠ_+
8[bbe de WYbWhÂŒ gkƒ YeiWi bW ^Wd ceb[ijWZe" f[he ikXhWoÂŒ gk[ de Z[`Wh| Z[ l[h W 9[hWj_$ ÆDe leo W Z[`Wh Z[ l_i_jWhbe dkdYW" eXl_W# c[dj[$ F[he j[d]e gk[ ^WY[h c_i YeiWi$ ?]kWb" [ijeo jeZe [b j_[cfe [d YedjWYje Yed iki Wbb[]WZei$ Iƒ be gk[ [ij| fWiWdZe bWi (* ^ehWi Z[b Z‡W$ :[ d_d]kdW cWd[hW c[ Z[ib_]e Z[ [i[ j[cWÇ" _di_ij_ÂŒ$ 7b h[\[h_hi[ W bei \Wd|j_Yei Z[b c‘i_Ye" Z_`e gk[ ckY^ei Æbe [ij|d WfeoWdZeÇ" f[he ejhei gk[ ÆZ_Y[d gk[h[hbe ef_dWd i_d iWX[h o b[ [ij|d \WbjWdZe [b h[i# f[jeÇ$
ÂĄ
ÄŠĹ‹
?% D8I:<CF D<A@8 I% _d\a`X7cX_fiX%Zfd%\Z
6ĂŒ0%2/2 '(
Ä !(¢Ŋ4-ĹŠ"~ ĹŠ!.,.ĹŠ'.8Ä&#x;
$0(5,&,2 5$7$ (1 ,1*/e6
1 Ŋ "ēŊ+.2Ŋ2#!1#3.2Ŋ2#Ŋ3.1- -Ŋ#-Ŋ1#3.2Ŋ8 Ŋ 04#Ŋ , Ŋ(-5#23(% 1ĔŊ(-" % 1Ŋ8Ŋ 42! 1Ŋ' 2Ĺ 3 Ŋ#-!.-31 1Ŋ+.Ŋ04#Ŋ2#Ŋ' Ŋ/1./4#23.ēŊ -.Ŋ "#Ŋ242Ŋ/4-3.2Ŋ$4#13#2Ŋ#2Ŋ+ Ŋ$#Ŋ8Ŋ"#5.!(¢-Ŋ ' !( Ŋ242Ŋ!1##-!( 2Ŋ1#+(%(.2 2ēŊ
,1*/e6 ,167580(172 086,&$/
3,&$ 62&,('$' $1Ă?1,0$
&,8'$' '( )5$1&,$
&,8'$' '( -$3Ă?1
$)/8(17(
$5%8672
)$/7$5 (55$5
3e57,*$ '(/
&+,12
&$552
0$7$'(52 '( 5(6(6 1$785$/
6ĂŒ0%2/2 '( 5$',2 ,03$&72 (1 ,1*/e6
'21$5 %5$0$5 (152148(&(5 $&$5,$6,6
&$/0$5
0$12-2 '(
$7$5 &21
0,7,*$5
)/25(6
ĸ, 19.ĹŠÄ‰ÄˆĹŠÄąĹŠ 1(+ĹŠÄˆÄ’Äš
Ŋ2.+4!(¢-Ŋ"#Ŋ+.2Ŋ/1. +#, 2Ŋ2#1;Ŋ(,/.2Ĺ 3#1% +#ĔŊ31 3#Ŋ"#Ŋ1#2.+5#1+.2Ŋ"#Ŋ, -#1 Ŋ (-,#"( 3 ēŊ ĖŊ #Ŋ%423 -Ŋ+.2Ŋ;1 .+#2Ŋ /.104#Ŋ#23;-Ŋ5#23(".2Ŋ"#Ŋ2(+#-!(.ē ŊŊ
3(/ĂŒ&8/$ (1(0,8*26 3Ă”%/,&26
3(/27$
6(*81'$ 127$ 086,&$/ 7(50,1$&,Ă?1 9(5%$/
$&725 '( /$
&+,12
+$/$*2
ĹŠĹŠ
/,$1$6
$)/,&&,Ă?1 '( É1,02 6ĂŒ0%2/2 '(
+,-2 '( 12e
6ĂŒ0%2/2 '( ,5,',2 (67$'2 '( 9(1(=8(/$
)(57,/,=$17(
<2'2
6(17,5 0$5(2
7$%(51$
,*/(6,$ &$7('5$/
3$72
6ĂŒ0%2/2 '(
38(572 '( 0$1$%ĂŒ
7$17$/,2
ĹŠĹŠ
ĸ)4-(.ŊĉĉŊĹŊ)4+(.ŊĉĉĚ .1Ŋ#+Ŋ,.,#-3.Ŋ"# #1;-Ŋ#5(3 12#Ŋ+.2Ŋ !.-3 !3.2Ŋ!.-Ŋ#+Ŋ#731 -)#1.Ŋ8 Ŋ04#Ŋ#23.2Ŋ -.Ŋ1#24+3 1;-Ŋ!.,.Ŋ2#Ŋ#2/#1 ēŊ ĖŊ (5 Ŋ4- Ŋ5(" Ŋ 4#- Ŋ8Ŋ '.-.1 +#ē
32/ĂŒ7,&2
&$5,f2
ĸ$# 1#1.ŊĉćŊĹŊ, 19.ŊĉćĚŊ 4ĹŠ! 1;!3#1ĹŠ2#ĹŠ3.1- 1;ĹŠ(11(3 +#ĹŠ/.1ĹŠ+.ĹŠ04#ĹŠ "# #1;ĹŠ#5(3 1ĹŠ! #1ĹŠ#-ĹŠ/1.5.! !(.-#2ĹŠ8ĹŠ ,.+#23( 2Ä“ĹŠ Ä–ĹŠ .-ĹŠ#+ĹŠ3(#,/.ĹŠ#2ĹŠ,#).1ĹŠ4- ĹŠ 5#1" "ĹŠ".+.1.2 ĹŠ04#ĹŠ4- ĹŠ,#-3(1 ĹŠĂŒ3(+Ä“
: ĹŠĹŠ
5(/,*,26$ 7,(032
ĹŠĹŠ
ĸ, 8.ĹŠÄ‰ÄˆĹŠÄąĹŠ)4-(.ĹŠÄ‰ÄˆÄš #-31.ĹŠ"#ĹŠ24ĹŠ , (#-3#ĹŠ/1.$#2(.- +ĹŠ "Ä“ĹŠ "# #1;ĹŠ!.-2#15 1ĹŠ+ ĹŠ! +, ĹŠ8ĹŠ31 -04(+(" "ĹŠ 8 ĹŠ04#ĹŠ+.2ĹŠ/1. +#, 2ĹŠ2#1;-ĹŠ"($~!(+#2ĹŠ"#ĹŠ 1#2.+5#1Ä“ĹŠ Ä–ĹŠ ĹŠ +#%1~ ĹŠ#2ĹŠ#+ĹŠ/ 2.ĹŠ"#+ĹŠ '., 1#ĹŠ"#ĹŠ4- ĹŠ,#-.1ĹŠ/#1$#!!(¢-ĹŠ ĹŠ4- ĹŠ , 8.1Ä“ĹŠ
Ä Ä
$326(172
ĸ#-#1.ŊĉćŊĹŊ$# 1#1.ĹŠÄˆÄ’Äš
Ŋ#!.-.,~ Ŋ/ 2 Ŋ/.1Ŋ31 -2$.1, !(.-#2Ŋ / 1 Ŋ+ 2Ŋ04#Ŋ "ēŊ"# #1;Ŋ#23 1Ŋ/1#/ 1 ".ēŊ ĖŊ 2Ŋ,#-3(1 2Ŋ54#+ -ĔŊ/#1.Ŋ+ Ŋ 5#1" "Ŋ/#1"41 ē
^ ĹŠ
Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
&$552 (1
ĹŠĹŠ
ĸ 1(+ŊĉćŊĹŊ, 8.ŊĉćĚ /1.5#!'#Ŋ! " Ŋ./.134-(" "Ŋ"#Ŋ!1#!#1Ŋ8Ŋ ,#).1 1Ŋ#-Ŋ#+Ŋ! ,/.Ŋ"#Ŋ+.2Ŋ/1.8#!3.2Ŋ8 Ŋ 04#Ŋ#23.2Ŋ2#1;-Ŋ"#Ŋ%1 -Ŋ 84" ēŊ ĖŊ +Ŋ04#Ŋ"#) Ŋ4- Ŋ(, %#-Ŋ248 Ŋ #-Ŋ242Ŋ'().2Ŋ,4#1#Ŋ Ŋ,#"( 2ēŊŊ
Ä”ĹŠÄˆÄ?ĖĈĎ
/,%52 6$*5$'2
&,8'$' '(
0$+20(7$12 &$67,*2 3(1,7(1&,$
78548ĂŒ$
*$5*$17(6 '(/ 5ĂŒ2 =$0%(=(
$&75,= '( /$
5
(
2/$ 6ĂŒ0%2/2 '( (,167(1,2
&
2
$
48ĂŒ0,&2 '( 6ĂŒ0%2/2 $7
3/(*$5,$
5
2
*
7 $
$&758= '( /$
$ / 2 1 6$/$ *5$1'( 3$60$'2
/
&$03(Ă?1
',0,1872 3
6
2(67( 3(5(=262 '(/ %5$6,/
&267262 %$75$&,2 (0%867( ',26$ '( /$
6ROXFLyQ DQWHULRU $
*587$
)5$*$1&,$
3(/ĂŒ&8/$ 72'2 62%5( 0, 0$'5(
(
2
5
1
2
' $ 5 $1'$5 '(12 &+( 9,*,/$1'2
1 35(6,' $5*(1 7,12
$ & 2 %8552 &(7É&(2 0$5, 12 *,*$17(
2
$
(
/ 2
6
$
2
%(//$&2 6$172 (1 32578*8e6
'
$ 1
& $ 3/$17$ '( ),%5$ 7(;7,/ &$3,7$/ '( 1258(*$
( 5
1 *$5=$ $5($/ 0É48,1$ '( 7(-(5
2
$
5
,
0
7
(
5
$
*
$
2
5
$
1
2-($5 $9,=25$5 0(6 /81$5 0$+20(7$12
5
2
&
(1*$5*2
52('25
$
(48,3$5
'
$
6(f25$ *$5$17ĂŒ$
5
+$/$*2 &$5,&,$
3$/0$ '( &$1$5,$6
7 $ & *$72 (1
7
$
0
$
5
9
$
/
2
7$3,5 '(63(16$
$
5
/
'$5 %5$0,'26
5
%
2
&$1,&$
3$5(-$
7(50,1$&,Ă?1
$
/
7
$
5
*,7$12 '(
5
(
5
$
&
$
2
&
*8(55$ (1
0
$
(67$'2 '( 9(1(=8(/$ &,8'$' '( -$3Ă?1
1
$
5
$
/
$
',26 (1 (/ ,6/$0 ,*8$/'$' (1 /$ 683(5),&,(
6
$
5
(
.
/
$
:
6
,1*/e6
$1,0$/(6
$*5(',5 5$=$
$1725&+$ &$%2 521=$/ +2*$5
(
$
(
/
(67$'2 '( 12 '( (( 88 3(57( ,1)(5,25 '(/ 7(-$'2
$
5(< '( /26
2
$
&(/(%5,'$'(6 7 ;8M@J ?L>?<J $ (/*( $ (0'' @E><E@<IF & EFIK<8D<I@:8EF ;< FIà ><E 9I@K�E@:F% $ @EM<EKä LE 8G8I8KF K<C<>I�=@:F @DGI<JFI% 5
5
0
$
0
2
2
0
2
$025
5
5 35(&,262
,
$
/
,
& 5ĂŒ2 '(/ (&8$'25 0(16$-(
48( 35$&7,&$ /$ 0$*,$ 0(7$/
$
&$17Ă?1 '( ,0%$%85$ ',26 '(/
7
&+,)/$'$
/$'521$
0
&
$
6
',63(56$
3$3$*$<2
2
5
%
2
/
$
'
(67$03$ 92= '( $558//2
$
/,&25
3(/ĂŒ&8/$
$
.
3(*$
0
7+( %25'(5
5
9(5%$/
3,e/$*2 ,1*/e6
$
$
0(7$/ 35(&,262 92/&É1 '(/ (&8$'25
$
&+83$'2 '(/*$'2
$
0
$
/
$
5
Ĺ—ĹŠĹŠ
@WYa Ceib[o [i kd feb_Y‡W Z[ Dk[lW Oeha gk[ [ij| bb[]WdZe Wb Ă’dWb Z[ ik YWhh[hW o j_[d[ bW c_i_ÂŒd Z[ jhWibWZWh W kd Yedl_Yje fWhW gk[ Z[YbWh[ Yece j[ij_]e [d kd `kp]WZe W ', YkWZhWi Z[ bW [ijWY_ÂŒd Z[ Feb_Y‡W$ Fhedje i[ ZW Yk[djW Z[ gk[ jWcX_ƒd j[dZh| gk[ fhej[][hbe Z[ kd ]hkfe Z[ ^ecXh[i Z_ifk[ijei W jeZe fWhW Wi[i_dWhbe$ J^h_bb[h YWh# ]WZe Z[ WYY_ÂŒd fhejW]ed_pWZe feh 8hkY[ M_bb_i$
6ĂŒ0%2/2 '( %252
3 8
0$0É
-251$/(52
+(50$12 '( $%(/ $3�&23( '( 0$0É
$&725 '( /$ 3(/ĂŒ&8/$ 7+( /$=$586 352-(&7
/
$7$&$5
&$'(5$
'8(f2
7
$&20(7(5 $3Ă?&23( '(
7,(55$
87(16,/,2 '( &2&,1$
(0%$5&$&,Ă?1 '(/ ',/89,2
ĈÄ?ĹŠ! ++#2
812 (1 ,1*/e6
7,5$ '( &8(52
92= '( $558//2
%21'$'26$
(/ 48( +$&(
&,8'$' '( ,7$/,$ ,17(59(1,5
9(5626
352120%5(
(-(&87$5
3(5621$/
ĹŠĹŠ
ĸ)4+(.ŊĉĊŊĹŊ %.23.ŊĉĉĚŊ -Ŋ#23#Ŋ,.,#-3.Ŋ+ 2Ŋ31 -2$.1, !(.-#2Ŋ 2#1;-Ŋ(-#5(3 +#2Ŋ8Ŋ/4#"#-Ŋ++#5 1Ŋ!.-Ŋ#++ 2Ŋ 2(34 !(.-#2Ŋ"#2!.-!#13 -3#2ēŊ ĖŊ +Ŋ2#!1#3.Ŋ"#Ŋ5(5(1Ŋ,4!'.Ŋ 3(#,/.Ŋ#2Ŋ5(5(1Ŋ+#-3 ,#-3#ē
ĹŠĹŠ
ĸ %.23.ŊĉĊŊĹŊ2#/3(#, 1#ŊĉĉĚ
Ŋ1#+ !(¢-Ŋ!.-Ŋ24Ŋ/ 1#) Ŋ/4#"#Ŋ3.1- 12#Ŋ 3#-2 Ŋ/.1Ŋ+.Ŋ04#Ŋ "ēŊ"# #1;Ŋ31 3 1Ŋ"#Ŋ2#1Ŋ ,;2Ŋ31 -04(+.Ŋ8Ŋ#!4;-(,#ēŊ ĖŊ Ŋ5(" Ŋ-.Ŋ2#Ŋ,("#Ŋ/.1Ŋ  .2ĔŊ 2(-.Ŋ/.1Ŋ'#!'.2ēŊŊ
ĹŠĹŠ
ĸ2#/3(#, 1#ŊĉĊŊĹŊ.!34 1#ŊĉĉĚ 1.!41#Ŋ, -3#-#12#Ŋ#-Ŋ! +, Ŋ8 Ŋ04#Ŋ#+Ŋ #231_2Ŋ8Ŋ+ 2Ŋ/1#.!4/ !(.-#2Ŋ,#1, 1;-Ŋ 24Ŋ2 +4"ēŊ ĖŊ Ŋ)45#-34"Ŋ#2Ŋ4-Ŋ#23 ".Ŋ"#Ŋ ;-(,.ē
ĹŠĹŠ
ĸ.!34 1#ŊĉĊŊĹŊ-.5(#, 1#ĹŠÄ‰ÄˆÄšĹŠ 4ĹŠ!1# 3(5(" "ĹŠ2#1;ĹŠ,48ĹŠ$4#13#ĹŠ/#1.ĹŠ"# #Äą 1;ĹŠ2#1ĹŠ! 43#+.2.ĹŠ +ĹŠ,.,#-3.ĹŠ"#ĹŠ#"4! 1ĹŠ ĹŠ 242ĹŠ'().2ĹŠ8 ĹŠ04#ĹŠ-(-%ĂŒ-ĹŠ#7!#2.ĹŠ#2ĹŠ/.2(3(5.Ä“ĹŠ Ä–ĹŠ #!4#1" ĹŠ04#ĹŠ! " ĹŠ#" "ĹŠ31 #ĹŠ -4#5 2ĹŠ./.134-(" "#2Ä“ĹŠĹŠĹŠĹŠ
ĹŠĹŠ
ĸ-.5(#, 1#ŊĉĉŊĹŊ"(!(#, 1#ĹŠÄ‰ÄˆÄšĹŠ #-31.ĹŠ"#ĹŠ24ĹŠ'.% 1ĹŠ2#ĹŠ"# #1;ĹŠ,#"( 1ĹŠ / 1 ĹŠ 2~ĹŠ#5(3 1ĹŠ! #1ĹŠ#-ĹŠ"(2!42(.-#2ĹŠ8ĹŠ 2(34 !(.-#2ĹŠ"($~!(+#2Ä“ĹŠ Ä–ĹŠ .ĹŠ,#).1ĹŠ04#ĹŠ2#ĹŠ+#ĹŠ/4#"#ĹŠ" 1ĹŠ ĹŠ+.2ĹŠ'().2ĔŊ "#,;2ĹŠ"#ĹŠ 4#-.2ĹŠ'; (3.2ĔŊ 2.-ĹŠ 4#-.2ĹŠ1#!4#1".2Ä“
ĹŠĹŠ
ĸ"(!(#, 1#ŊĉĉŊĹŊ#-#1.ĹŠÄˆÄ’Äš 1 3#ĹŠ"#ĹŠ' !#1ĹŠ04#ĹŠ+ ĹŠ1#+ !(¢-ĹŠ!.-ĹŠ242ĹŠ '#1, -.2ĹŠ2# ĹŠ,;2ĹŠ++#5 "#1 ĹŠ8ĹŠ $#!34.2 Ä—ĹŠ #2ĹŠ/1. +#ĹŠ04#ĹŠ#23.2ĹŠ-#!#2(3#-ĹŠ24ĹŠ /.8.Ä“ĹŠ Ä–ĹŠ 4 -".ĹŠ +%.ĹŠ(,/.13 -3#ĹŠ#23;ĹŠ 24!#"(#-".ĔŊ%4 1" 1ĹŠ2(+#-!(.ĹŠ#2ĹŠ,#-3(1Ä“ĹŠ
}
ÄŠĹ‹
(.1%.2ĹŠ #$#1(2 Ä¸ÄˆÄ’Ä‡Ä‡ÄąÄˆÄ’Ä?ÄˆÄšĹŠ
Ĺ—ĹŠĹŠ
;iYh_jeh o Z_fbec|j_Ye ]h_[]e" DeX[b Z[ B_j[hWjkhW '/,)" dWY[ kd Z‡W Yece ^eo [d ;ic_hdW$ 9edi_Z[hWZe Yece [b fe[jW c|i _cfehjWdj[ Z[ bW ][d[hWY_ÂŒd Z[ bW fh[]k[hhW Z[ bei W‹ei )& [d ik fW‡i" fbWicÂŒ [d iki eXhWi ik Wceh o deijWb]_W feh [b C[Z_# j[hh|d[e o ik Y_kZWZ dWjWb$ ;d '/,- i[ fhedkdY_ÂŒ [d YedjhW Z[ bW Z_YjWZkhW Z[b ][d[hWb FWfW# Zefekbei o bb[]ÂŒ W i[h fefkbWh [djh[ bei `ÂŒl[d[i$ 7kjeh" [djh[ ejhWi" Z[ ĂˆJeZe [ij| bb[de Z[ Z_ei[iÉ fe[i‡W o ĂˆI[_i deY^[i [d bW 7YhÂŒfeb_iÉ del[bW $
#+#Ŋ5#+#Ŋ5#+# Ŋ ĔŊĉĉĖĊćŊ
Ĺ—ĹŠĹŠ
@WbWb :kXe_i o HeZh_]e FWZ_bbW fh[i[djWd kd fhe]hW# cW Z[ lWh_[ZWZ[i gk[ jhWjW Z[ jeZe o dWZW Wb c_ice j_[cfe j[d_[dZe i_[cfh[ Yece fh[# c_iW bW Z_l[hi_Œd Yed Yedj[d_# Ze" h_ƒdZei[ Yed bW ][dj[ o de Z[ bW ][dj[$
: ĹŠ }
234"( -Ŋ+ Ŋ +3 Ŋ#-#1%~ Ŋ"#+Ŋ! -%41.Ŋ Ŋ š 7b[n_i M_ajehem_Yp" _d#
l[ij_]WZehW Z[b H[Wb 9eb[]_e Z[ L[j[h_dWh_ei Z[ BedZh[i" [nfb_YÂŒ gk[ kd [gk_fe _dl[ij_]W bW hW# pÂŒd feh bW gk[ bei YWd]khei de Z[i]WhhWd iki c‘iYkbei YkWdZe iWbjWd W jeZW l[beY_ZWZ$ ÆGk[h[cei iWX[h YÂŒce be]hWd iWb# jWh jWd h|f_Ze" Wkd YkWdZe ied jWd f[iWZei" i_d YWcX_Wh Z[ feijkhWÇ$ Æ;ije [i _cfehjWdj[ fehgk[ i[ jhW# jW Z[ Wd_cWb[i cko ]hWdZ[i" o i_d jecWh [ie [d Yk[djW de feZh[cei [nfb_YWh feh gkƒ iki j[dZed[i o c‘iYkbei de i[ Z[i]WhhWd YkWdZe
iWbjWd W WbjWi l[beY_ZWZ[iÇ" Yec# fb[jÂŒ$ BW fhe\[iehW M_ajehem_Yp ieijkle gk[ [b [ijkZ_e Whhe`Wh| dk[lW bkp ieXh[ [b c_ij[h_e gk[ ^WY[ gk[ bei YWd]khei i[ ck[lWd Yed jWdjW [Ă’Y_[dY_W$ Æ;d bW c[Z_ZW [d gk[ i[ ck[l[d c|i h|f_Ze" Yec_[dpWd W iWbjWh$ Bei ^kcWdei i[ \Wj_]Wd cko h|f_Ze YkWdZe ^WY[d [ie" f[he bei YWd]k# hei de" de ]WijWd ckY^W [d[h]‡WÇ$ Æ;if[hWcei kj_b_pWh bei h[ikbjW# Zei Z[ [ij[ jhWXW`e [d c[Z_Y_dW l[j[h_dWh_W o Yed fhefÂŒi_jei Z[ Yedi[hlWY_ÂŒdÇ" Z_`e$
Bei _dl[ij_]WZeh[i h[Wb_pWd iki [nf[h_c[djei [d [b PeebŒ]_Ye 7bcW FWha" [d 8h_iXWd[ j[hY[hW Y_kZWZ c|i feXbWZW Z[ 7kijhW# b_W " o oW ^Wd be]hWZe h[kd_h kdW ]hWd YWdj_ZWZ Z[ ZWjei gk[ [ij|d i_[dZe fheY[iWZei$
Ĺ? Ĺ?
Ĺ? Ĺ? Ĺ? Ĺ? Ĺ? Ĺ?
Ä Ä‚
1 23.1-.ĹŠ (/.+ 1ĹŠ
, (#-3#ĹŠ $#!3 ĹŠ+ ĹŠ2 +4"
( )(.,šŋ+/ ŋ &ŋߥÞĿŋ ŋ& ŋ*) & #š(ŋ'/( # &ŋ *) ,v ŋ-/ ,#,ŋ &!/( ŋ ),' ŋ ŋ& ŋ ( ,' Ąŋŋ -. ŋ ., -.),()ŋ- ŋ , . ,#4 ŋ*),ŋ ' #)-ŋ ,6-.# )-ŋ (ŋ &ŋ -. )ŋ ŋ6(#')ŋ3ŋ (ŋ&)-ŋ(#0 & -ŋ ŋ ( ,!v Ąŋ
1#!(".2ĔŊ#2ĹŠ"#!(1ĔŊ!.-ĹŠ1#!412.2ĹŠ(-24ă!(#-3#2ĹŠ8ĹŠ, #231.2ĹŠ04#ĹŠ2#ĹŠ2(#-3#-ĹŠ (11#2/#3 ".2ĹŠ/.1ĹŠ242ĹŠ!.+#% 2ĔŊ2#ĹŠ' -ĹŠ1#+ !(.- ".ĹŠ!.-ĹŠ, 8.1ĹŠ-ĂŒ,#1.ĹŠ"#ĹŠ /1. +#, 2ĹŠ"#ĹŠ2 +4"ĹŠ,#-3 +ĹŠ#-ĹŠ+.2ĹŠ#234"( -3#2Ä“ĹŠ
Ŋěŋ (ŋ -./ #)ąŋ+/ ŋ- ŋ&& 0šŋ ŋ )ŋ (ŋÝÝŋ* v- -ąŋ
Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
ē ŊěŊ 2Ŋ 4+ 2Ŋ"#Ŋ/1(,#1Ŋ%1 ".Ŋ04#Ŋ3(#-#-Ŋ#-3.1-.2Ŋ#,/.Ĺ
Ĺ‹)-. ) ,.,#.#-Ä…Ĺ‹/(Ĺ‹Ĺ‹ * #'# (.)Ĺ‹ )&),)-) -$.1, 12#ĹŠ !#1! ĹŠ"#ĹŠ#23 ĹŠ#-$#1,#Äą " "ĹŠ/4#"#ĹŠ 84" 1+#ĹŠ ĹŠ(,/#"(1ĹŠ4- ĹŠ "(2! / !(" "Ä“ ÂĄ Ä“ĹŠ ." 2ĹŠ+ 2ĹŠ/#12.- 2ĹŠ04#ĹŠ3#-% -ĹŠ -3#!#"#-3#2ĹŠ$ ,(+( 1#2ĹŠ"# #-ĹŠ !'#04# 12#ĔŊ2. 1#ĹŠ3.".ĹŠ"#2"#ĹŠ+.2ĹŠÄŒÄ‡ĹŠ  .2Ä“ĹŠ
! ! " 1 / 0
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
323(.1.*283 < 6*7309(.D2 )*0 .2+361* &29&0 )* *6*2(.& *2*6&0 323(.1.*283 < 6*7309(.D2 )*0 .2+361* &29&0 )* 9).836B& 28*62&
323(.1.*283 < 6*7309(.D2 )*0 .2+361* &29&0 )* 9).836B& ;8*62& 323(.1.*283 < 6*7309(.D2 )*0 .2+361* &29&0 )* 31.8A )* )1.2.786&(.D2 28*,6&0 )* ".*7,37 323(.1.*283 < 6*7309(.D2 )* 037 78&)37 .2&2(.*637 &0 )* .(.*1'6* )*0 323(.1.*283 < 6*7309(.D2 )* 0& ).7437.(.D2 )* 0& #94*6.28*2)*2(.& )* &2(37 < #*,9637 6*74*(83 & 037 *;(*)*28*7 (366*7432).*28*7 &0 323(.1.*283 < 6*7309(.D2 73'6* 0& ).786.'9(.D2 )* 037 *;(*)*28*7 )*0 323(.1.*283 )*0 0&2 786&8A,.(3 0&2 4*6&8.:3 < 6*7949*783 4&6& *0 *7.,2&(.D2 )*0 9).836 ;8*623 4&6& 0& */*(9(.D2 )* 0& &9).836B& 4&6& *0 4*6B3)3
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
BW eij[eWhjh_j_i [i kdW [d\[h# ^ecXh[$ L_pk[j[ Wi[]khW gk[ c[ZWZ Z[][d[hWj_lW gk[ WjWYW [ije i[ Z[X[ W bW cWiW ckiYkbWh Wb YWhj‡bW]e Whj_YkbWh" [ije gk_[# Z[ bWi \ƒc_dWi" bW YkWb [i ckY^e h[ Z[Y_h gk[ be Z[i^_ZhWjW o be c[deh gk[ bW Z[ bei lWhed[i o W lW [b_c_dWdZe feYe W feYe$ ;b gk[" feh be ][d[hWb" bb[lWd kdW fheXb[cW [i gk[ Yed [b fWie Z[b l_ZW c|i i[Z[djWh_W$ ;b [if[Y_W# j_[cfe" bWi Whj_YkbWY_ed[i i[ b_ijW W‹WZ[ gk[ bWi ck`[h[i gk[ ik[bjWd o Yec_[dpWd W f[hZ[h i[ cWdj_[d[d WYj_lWi Yehh[d ik b_d[Wc_[dje$ c[dei h_[i]ei Z[ WZgk_h_h bW âiYWh L_pk[j[" Ă’i_ÂŒbe]e" Z_Y[ [d\[hc[ZWZ$ gk[ [ije i[ [l_Z[dY_W [d f[h# De eXijWdj[" WĂ’hcW gk[ de iedWi cWoeh[i" feh [`[cfbe" Z[X[ Yedi_Z[hWhi[ Yece kdW YkWdZe kdW WXk[b_jW [cf_[pW W [d\[hc[ZWZ fhef_W Z[ bei cW# l[h gk[ i[ b[ jk[hY[d bei Z[Zei oeh[i" oW gk[ ^Wo lWh_ei YWiei e gk[ bWi heZ_bbWi de j_[# [d gk[ i[ fh[i[djW h[kcWj_ice _d\Wdje# d[d ik fhef_W [ijhkYjkhW ĹŠ `kl[d_b$ ;ijW lWh_WY_ÂŒd o [cf_[pWd W ^_dY^Whi[$ i[ ZW" ieXh[ jeZe" Z[i# I[]‘d Z_Y[ [b [nf[hje" i[ Z_\[h[dY_W Z[ bW Whjh_# .ĹŠ#7(23#ĹŠ4- ĹŠ fkƒi Z[ bei (& W‹ei" $.1, ĹŠ!#13#1 ĹŠ"#ĹŠ iki YWkiWi ik[b[d i[h j_i h[cWje_Z[W fehgk[ [i /1#5#-!(¢-Ä“ĹŠ c|i _dlWi_lW o fheZk# bWi c_icWi gk[ eYWi_e# Y[ cWoeh Z[\ehcWY_ÂŒd" dWd bW eij[eWhjh_j_i [d f[he [d [b h[ije ied YWi_ _]kWb[i WZkbjei" f[he [n_ij[ kdW cWoeh fehgk[ WcXWi Yedj_[d[d bei fh[lWb[dY_W Z[b \WYjeh ^[h[Z_jW# c_icei fh_dY_f_ei fWhW WjWYWh h_e Yece Z[jedWdj[$ Æ>Wo YWiei W bei YWhj‡bW]ei$ [d gk[ i[ [l_Z[dY_Wd jhWdic_# i_ed[i gk[ l_[d[d Z[iZ[ bei '+ e ', W‹eiÇ" [nfh[iW$ Ä .1ĹŠ04_ĹŠ2#ĹŠ/1."4!#Ä&#x; ;b [if[Y_Wb_ijW i[‹WbW gk[ bWi YWkiWi [if[Y‡ÒYWi WXWhYWd kd -!¢,." 2ĹŠ!.-2#!4#-!( 2 Wcfb_e [if[Yjhe$ Fk[Z[ Z[X[hi[ Æ;ijW [i bW [d\[hc[ZWZ _dĂ“WcW# W kd \WYjeh ^[h[Z_jWh_e" W b[i_e# jeh_W c|i i[l[hW Z[ bei ‘bj_cei d[i gk[ de \k[hed X_[d YkhWZWi" j_[cfeiÇ" Yec[djW L_pk[j[" Wb YedijWdj[ kie Z[ eX`[jei \h‡ei gk_[d W]h[]W gk[ bW eij[eWhjh_# Yece ^_[be e W]kW o W fheY[iei j_i fheZkY[ cWb[ijWh" Zebeh YhÂŒ# XWYj[h_Wdei cWb jhWjWZei gk[ d_Ye [ _cfej[dY_W \kdY_edWb" [i fheZkY[d ikijWdY_Wi gk[ i[ Z[Y_h" gk[ bei fWY_[dj[i de fk[# kX_YWd [d bWi Whj_YkbWY_ed[i o Z[d cel[h iki Whj_YkbWY_ed[i i[ WYkckbWd" be gk[ fheZkY[ [b Z[ \ehcW dehcWb$ _d_Y_e Z[ kd fheY[ie Whjh‡j_Ye$ EjhWi Z[ bWi Yedi[Yk[dY_Wi gk[ i[ ][d[hWd ied0 Zebeh Wb YW# 14/.2ĹŠ54+-#1 +#2 c_dWh [ _cfej[dY_W \kdY_edWb ;ijW [i kdW fWjebe]‡W gk[ WjW# fWhW h[Wb_pWh Y_[hjWi WYj_l_ZW# YW Wb +& Z[ bW feXbWY_ÂŒd Z[ Z[i gk[ [d ejhWi eYWi_ed[i fk[# WZkbjei cWoeh[i Z[ ,& W‹ei Z[d i[h hkj_dWh_Wi$ Feh [`[cfbe" Z[ [ZWZ o i[ ^W Z[j[YjWZe gk[ Y[f_bbWhi[ bei Z_[dj[i" WXh_h kd W\[YjW W jh[i ck`[h[i feh YWZW \hWiYe e [nfh_c_h kdW jeWbbW
0 7*C36 9B7 .23/37& &(89&0 7*(6*8&6.3 )*0 327*/3 )* )1.2.786&(.D2 &(89&6@ (313 #*(6*8&6.3 )* 0& 7&1'0*& *2*6&0 6).2&6.& )* (32+361.)&) (32 03 *78&'0*(.)3 *2 *0 78&8983 #3(.&0 &)& 0& .14368&2(.& )* 037 &792837 & 86&8&6 4&6& 0& '9*2& 1&6(-& )* 0& 334*6&8.:& 7* 730.(.8& 79 49289&0 &7.78*2(.& < &(8.:& 4&68.(.4&(.D2
!9.83 )* 1&6=3 )*0
()3 .97*44* $32*003
ēŊ +Ŋ#-31#- ,(#-3.Ŋ$~2(!.Ŋ#2Ŋ/ 13#Ŋ"#Ŋ+ Ŋ1#' (+(3 !(¢-ē
23_ĹŠ/#-"(#-3# 1(-!(/ +#2ĹŠ2~-3., 2
ŗŊ .+.1#2Ŋ 13(!4+ 1#2ē ŗŊ #231(!!(¢-Ŋ#-Ŋ+.2Ŋ,.5(,(#-3.2ē Ŋ 7/#1(,#-3 1Ŋ4- Ŋ#2/#!(#Ŋ"#Ŋ ŗŊŊŊŊ".+.1Ŋ$1~.ē
#-% ĹŠ!4(" ".
.- 2ĹŠ,;2ĹŠ $#!3 " 2ĹŠ
Ĺ—ĹŠ -.2Ä“ Ĺ—ĹŠ ."(++ 2Ä“
Ĺ—ĹŠ .".2Ä“ Ĺ—ĹŠ . (++.2Ä“
ce`WZW" Z[X_Ze W gk[ YWkiWd ceb[ij_Wi _diefehjWXb[i$ 7Z[c|i" [ijW [i kdW fWjebe# ]‡W YWhW o f[hcWd[dj[$ ÆDe [i Yece kdW Xhedgk_j_i" [d bW gk[ bW f[hiedW fk[Z[ cWdj[d[hi[ [d jhWjWc_[dje ZkhWdj[ kd c[i o i[ YkhWÇ" WZl_[hj[ [b [if[Y_W# b_ijW" gk_[d Wi[]khW gk[ [i kdW [d\[hc[ZWZ YeijeiW feh jeZei bei c[Z_YWc[djei gk[ i[ Z[X[d YecfhWh o fehgk[ [i fWhW jeZW bW l_ZW$ 1 3 ,(#-3.
L_pk[j[ ^WY[ kdW h[Yec[d# ZWY_ÂŒd o f_Z[ W jeZWi bWi f[h# iedWi gk[ de [if[h[d l[hi[ Yed Wb]kdW Z[\ehcWY_ÂŒd [d [b Yk[hfe fWhW WYkZ_h ZedZ[ [b cƒZ_Ye" i_de gk[ i[ [l_j[ bb[]Wh W [i[ fkdje Yh‡j_Ye c[Z_Wdj[ kd Z_W]dÂŒij_Ye efehjkde o bWi j[hWf_Wi e c[Z_YWc[djei gk[ YWZW kde d[Y[i_j[ i[]‘d ik YedZ_Y_ÂŒd$ KdW Wbj[hdWj_lW [i _dYbk_h Wdj_X_ÂŒj_Yei fWhW Z[j[d[h bei fheY[iei XWYj[h_Wdei$ I_d [c# XWh]e" i_ bW Whj_YkbWY_ÂŒd oW [ij| ZW‹WZW" b[ ZWd Wdj_dĂ“WcWje# h_ei o WdWb]ƒi_Yei W bW f[hie# dW" [d ]hWdZ[i Zei_i ZkhWdj[ [b fh_c[h c[i o [d YWdj_ZWZ[i ceZ[hWZWi ZkhWdj[ [b h[ije Z[ ik l_ZW$ :[ [ijW \ehcW i[ WokZW W gk[ bW Whj_YkbWY_ÂŒd de i[ i_]W Z[j[h_ehWdZe o W gk[ i[ Wb_l_[d bWi _dĂ“WcWY_ed[i$ ;d YWie Z[ gk[ [b ]hWZe Z[ cel_b_ZWZ [ijƒ XWijWdj[ W\[Y# jWZe" i[ fheY[Z[ W h[Wb_pWh j[# hWf_Wi \‡i_YWi o eYkfWY_edWb[i" gk[ fk[Z[d _dYbk_h YWc_dWh" j[`[h o XehZWh$ 9ece Yk_ZWZei [njhWi" bei fWY_[dj[i Z[X[d [l_jWh [b \h‡e _dj[die" h[Wb_pWh [`[hY_Y_e \‡i_Ye gk[ de Z[cWdZ[ _cfWYje" [b_# c_dWh bWi YWhd[i he`Wi" [b l_de j_dje o jhWjWh Z[ de _d][h_h ck# Y^ei ]hWdei i[Yei$
2ĹŠ(-3.7(! !(.-#2ĹŠ/."1~ -ĹŠ#5(3 12# Ied bWi ''0&& Z[ bW cW‹WdW" [b je jÂŒn_Ye" oW i[W feh lebkdjWZ j[bƒ\ede ik[dW o 9edik[be C[# fhef_W e feh WYY_Z[dj[$ 7dejW iki decXh[i" bWi YW# d[i[i" Z_h[YjehW Z[b 9[djhe Z[ _d\ehcWY_ÂŒd o Wi[iehWc_[dje hWYj[h‡ij_YWi Z[b YWie o bei d‘# jen_YebÂŒ]_Ye 9_Wjen " Yedj[ijW$ c[hei Z[ YedjWYje fWhW [ijWh 9ed fWY_[dY_W WdejW bei ZW# f[dZ_[dj[$ jei gk[ b[ ZW bW lep gk[ fhel_[# d[ Z[b ejhe bWZe Z[ bW b‡d[W$ 7 (#2%.ĹŠ"(2$1 9 ". c[Z_ZW gk[ [iYkY^W" I[]‘d C[d[i[i" bei ik heijhe lW YWcX_Wd# f[b_]hei gk[ fheleYW ĹŠ Ze Z[ [nfh[i_ÂŒd" ik kd [b[c[dje jÂŒn_Ye iedh_iW i[ XehhW b[d# feZh‡Wd i[h [l_jWZei jWc[dj[ o ZW fWie W -ĹŠ! 2.ĹŠ"#ĹŠ i_ bW ][dj[ jkl_[hW Ye# (-3.7(! !(¢-ĹŠ kd ][ije Z[ Yedij[hdW# !.,4-~04#2#ĹŠ +ĹŠ deY_c_[dje WY[hYW Z[b Y_ÂŒd$ I_d [cXWh]e" ik ÄˆÄ‘Ä‡Ä‡Äą5#-#-.ĹŠ j[cW$ ĸđĊÄ?ÄŠÄ?Ä?Ěē lep f[hcWd[Y[ Ă’ hc[ o Feh [`[cfbe" ^Wo gk[ [nfh[iW iki YedYbki_e# iWX[h gk[ YkWbgk_[h d[i WY[hYW Z[ bW ^_ije# ikijWdY_W fk[Z[ h[fh[# h_W gk[ WYWXW Z[ e‡h$ i[djWh kd h_[i]e" Z[f[dZ_[dZe 9WZW Z‡W h[Y_X[ lWh_Wi bbW# Z[ bW YWb_ZWZ o \ehcW [d gk[ i[ cWZWi [d bWi gk[ Z[X[ WYed# kiW$ ;d [ij[ i[dj_Ze" i_ bei Wb_# i[`Wh W kd Wd]kij_WZe fWZh[ e c[djei de i[ Yedi[hlWd Z[ bW Z_W]deij_YWh W kd Y^_Ye e W kd cWd[hW WZ[YkWZW fk[Z[d ][# d_‹e gk[ _d]_h_ÂŒ Wb]‘d [b[c[d# d[hWh [d\[hc[ZWZ[i$
BWi c[Z_Y_dWi jWcX_ƒd Yed# bb[lWd kdW Wc[dWpW bWj[dj[ gk[ [ij| WieY_WZW Yed bW Zei_i gk[ i[ Yedikc[" _dYbkie [d Wgk[bbei Z[ l[djW b_Xh[ Yece bW Wif_h_dW o bWi l_jWc_dWi$ ?dYbkie bei fheZkYjei dWjk# hWb[i fk[Z[d eYWi_edWh ZW‹ei [d [b eh]Wd_ice" ieXh[ jeZe i_ i[ c[pYbWd Yed Wdj_X_ÂŒj_Yei e fWij_bbWi" oW gk[ fk[Z[d ZWh fWie W Æh[WYY_ed[i WZl[hiWiÇ$ BW [nf[hjW Wi[]khW gk[ W‘d bWi _d\ki_ed[i Z[ ^_[hXWi Yece bW lWb[h_WdW ][d[hWd fheXb[# cWi i_ i[ YecX_dWd$ ÆIed Yece kdW XecXW Z[ j_[cfeÇ" i[‹WbW C[d[i[i" gk_[d W]h[]W gk[ i[ ^Wd fh[i[djWZe YWiei Z[ _djen_#
1. +#, Ŋ)45#-(+ ŗŊŊ .2Ŋ ".+#2!#-3#2ĔŊ2. 1#Ŋ3.".Ŋ+.2Ŋ04#Ŋ #23;-Ŋ"#/1(,(".2Ŋ/.1Ŋ+ Ŋ1 9¢-Ŋ04#Ŋ2# ĔŊ 24#+#-Ŋ#-!.-31 1Ŋ#-Ŋ+.2Ŋ/1."4!3.2Ŋ3¢7(Ĺ !.2Ŋ4- Ŋ#2! / 3.1( Ŋ/ 1 Ŋ24Ŋ2(34 !(¢-ē
Ŋ, 8.1~ Ŋ"#Ŋ!'(!.2Ŋ04#Ŋ(-%(#1#Ŋ #23 2Ŋ2423 -!( 2Ŋ+.Ŋ' !#Ŋ/.1Ŋ"#2#2/#Ĺ 1 !(¢-ĔŊ!.,.Ŋ4-Ŋ(-3#-3.Ŋ"#Ŋ24(!("(.ĔŊ 1#5#+ -Ŋ+.2Ŋ" 3.2Ŋ"#+Ŋ ( 3.7ēŊ
YWY_ed[i gk[ i[ fheZkY[d feh W]kW Z[ lWb[h_WdW$ Bei fbW]k_Y_ZWi o bei fheZkYjei Z[ kie Zecƒij_Ye ied bei fheZkYjei jÂŒn_Yei c|i YedeY_Zei" Yec[djW bW [if[Y_Wb_ijW$ ;ije i[ Z[X[ W gk[ [i# j|d \WXh_YWZei Yed ikijWdY_Wi \k[h# j[i$ ĹŠ Bei ZWjei Z[b 9_Wjen h[l[bWd gk[ bei d_‹ei o bei WZeb[iY[dj[i ied bei c|i fhef[diei W _djen_YWhi[ Yed Wb]kde Z[ [ijei fheZkYjei$
Ä Äƒ
Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
23_ĹŠ +#13
-3.7(! !(.-#2ĹŠ,;2ĹŠ$1#!4#-3#2
Ĺ—ĹŠ + %4(!(" 2Ä–ĹŠÄŽÄˆĹ˜Ä“ Ĺ—ĹŠ 1."4!3.2ĹŠ"#ĹŠ42.ĹŠ".,_23(!.Ä–ĹŠÄ‰ÄˆĹ˜Ä“ Ĺ—ĹŠ #"(! ,#-3.2Ä–ĹŠÄˆÄ‘Ĺ˜Ä“ Ĺ—ĹŠ 1."4!3.2ĹŠ(-"4231( +#2Ä–ĹŠÄ‘Ĺ˜Ä“ Ĺ—ĹŠ 423 -!( 2ĹŠ"#ĹŠ 42.Ä–ĹŠÄ‰Ĺ˜Ä“
&XLGH VX FDVD R QHJRFLR GHVGH FXDOTXLHU SDUWH GHO PXQGR FRQ
6,67(0$6 '( 9,'(2 9,*,/$1&,$ $*
1 -ĹŠ/ 13#ĹŠ"#ĹŠ#23 2ĹŠ2(34 !(.-#2ĹŠ2#ĹŠ /1."4!#-ĹŠ"# (".ĹŠ +ĹŠ, +ĹŠ, -#).ĹŠ"#ĹŠ 2423 -!( 2ĹŠ8ĹŠ +ĹŠ"#2!.-.!(,(#-3.Ä“ĹŠ
Ĺ? Ĺ? Ĺ? Ĺ? Ĺ?
'95 \ FiPDUDV $ODUPDV TXH OODPDQ
&iPDUDV ,3 GHVGH D VX FHOXODU GHVGH ‡ YHQWDV#LPSURFX FRP (19,26 6(*8526 $ 72'2 (/ (&8$'25 ‡ 35(&,26 (63(&,$/(6 'LIHULGR KDVWD PHVHV FRQ
3$5$ 0$<25,67$6
%86&2 7(55(12 2 *$/3�1 3$5$ $/48,/(5 '(6'( $ 076 =21$ &80%$<É 780%$&2 ,1)250(6 ² $ 3 N P
Ĺ? Ĺ?
Ĺ?
Ä Ä…
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
+ĹŠ 1, ĹŠ+#3 +ĹŠ"#+ĹŠ
#5 -3#
Ĺ—ĹŠĹŠĹŠ
<[b_f[ 9W_Y[Ze i[ ^W Yedl[h# j_Ze [d [b WhcW i[Yh[jW Z[b B[# lWdj[ fWhW iWblWh bW YWj[]eh‡W$ Iki '' ]eb[i Wi‡ be WlWbWd$ >eo j[dZh| ejhW Y_jW Yed bW ^_ijeh_W o feZh| Wcfb_Wh W‘d c|i bW cWhYW Z[ ]eb[i [d [b YkWZhe Ăˆ=hWdejWÉ YkWdZe ik [gk_fe h[Y_XW bW l_i_jW Z[b CWbbehYW$ I[]‘d bei h[]_ijhei Z[b B[lWd# j[" 9W_Y[Ze cWhYW kd ]eb YWZW --". c_dkjei o ^W i_Ze \kdZW# c[djWb [d bei ‘bj_cei YkWjhe fWhj_Zei" [d bei gk[ Yedi_]k_ÂŒ _]kWb d‘c[he Z[ l_Yjeh_Wi$
ĹŠ
ēŊ Ŋ Ŋ-.Ŋ/4".Ŋ' !#1Ŋ1#2/#3 1Ŋ24Ŋ!.-"(!(¢-Ŋ"#Ŋ+.! +Ŋ8Ŋ!#"(¢Ŋ4-Ŋ#,/ 3#Ŋ -3#Ŋ#+Ŋ 4#5#".ē
.1- " ĹŠ(11#%4+ 1 +ĹŠ)4#%.ĹŠ#-31#ĹŠ 3+_3(!.ĹŠ 4" 9ĹŠ 8ĹŠ -(5#12(" "ĹŠ 3¢+(! ĹŠ2#ĹŠ 242/#-"(¢ēŊ 1#!( ĹŠ"#11.3¢ŊŊŊ ĉĹćŊ +ĹŠ ++#ĹŠ"#+ĹŠ '.3 Ä“ BW j[hY[hW \[Y^W Z[ bW i[h_[ Ăˆ8É i_]k[ [d cWhY^W$ Ik _d_Y_e \k[ _hh[]kbWh Z[X_Ze W bW Wb[hjW Z[b jikdWc_ gk[ i[ l_l_ÂŒ [b l_[hd[i [d [b fW‡i$
(!3.1( ĹŠÄĽ 8 " ÄŚ
;d ejhe Zk[be Z[ [YkWjeh_W# dei [d [b \‘jXeb c[n_YWde" [b Cedj[hh[o" [gk_fe [d [b gk[ c_b_jW MWbj[h 7oel‡" Z[hhe# jÂŒ Wb D[YWnW" ZedZ[ WYj‘W 9h_ij_Wd Ik|h[p$ Bei ĂˆhWoW# ZeiÉ Z[b Cedj[hh[o ikcWhed jh[i fkdjei [d YedZ_Y_ÂŒd Z[ l_i_jWdj[i" ]hWY_Wi W kd ]eb Z[ 7bZe Z[ D_]h_i$ 7oel‡ WYjkÂŒ .- c_dkjei" c_[djhWi gk[ Ik|h[p [ijkle jeZe [b fWhj_Ze o \k[ kde Z[ bei `k]WZeh[i c|i f[b_]heiei Z[b D[YWnW$
+ĹŠ #-3ĹŠ8 ĹŠ#23;ĹŠ#-ĹŠ+ ĹŠ +(%4(++
;b A77 =[dj Z[ 8ƒb]_YW" [gk_fe [d [b gk[ c_b_jW [b [YkWjeh_Wde ;Zied CedjW# ‹e" i[ Wi[]khÂŒ kd Ykfe W bW b_]k_bbW Ă’dWb" Wb Z[hhejWh Wb 9[hYb[ 8hk][i feh bW c‡d_cW Z_\[h[dY_W [d YedZ_Y_ÂŒd Z[ beYWb$ ;ijW l_Yjeh_W WZ[c|i b[i f[hc_j_ÂŒ eXj[d[h fkdjei Z[ Xed_Ă’YWY_ÂŒd [d bW [jWfW Ă’dWb$ CedjW‹e de \k[ Yedi_Z[hWZe fWhW [ij[ fWhj_Ze o W‘d de i[ Yedieb_ZW [d [b [gk_fe X[b]W$
feh XWdZe" [d kdW ]hWd h[ced# jWZW Z[ bei beYWb[i" gk[ _XWd f[h# Z_[dZe &#( [d [b fh_c[h j_[cfe$ :ei YedeY_Zei Z[b \‘jXeb [YkWjeh_Wde \k[hed bei [dYWh]W# Zei Z[ WXh_h [b cWhYWZeh fWhW bW l_i_jW$ B[edWhZe =WhY‡W o Bk_i ,/ 3#ĹŠ#-ĹŠ ĹŠ .!' ;b fWhj_Ze gk[ WXh_ÂŒ bW `ehdWZW IWXWdZe WdejWhed W bei / o W bei \k[ [djh[ [b [gk_fe Z[ bW Kd_l[h# )+ c_dkjei Z[b fh_c[h j_[cfe i_ZWZ JƒYd_YW Z[ 9ejefWn_ KJ9 fWhW [b Gk[l[Ze$ o [b :[fehj_le Gk[l[Ze$ ;b Yej[# 7f[dWi _d_Y_WZW bW [jWfW Yec# `e j[hc_dÂŒ [cfWjWZe W Zei ]eb[i fb[c[djWh_W" bb[]Whed bei jWdjei
Z[b [cfWj[$ 7b c_dkje Z[ `k[]e" FWjh_Y_e Gk_‹Œd[p Z[iYedjWXW fWhW bei beYWb[i o W `k]WZW i[]k_# ZW cWhYÂŒ [b [cfWj[" jhWi [b YeXhe Z[ kd j_he b_Xh[$ #ĹŠ/1#-"(¢Ŋ+ ĹŠ +#13 ĹŠ#-ĹŠ !' +
7dj[ [b WdkdY_e Z[b jikdWc_ [d [b fW‡i" [b fWhj_Ze [djh[ [b 7jbƒj_Ye 7kZWp o Kd_l[hi_ZWZ 9WjŒb_YW" gk[ Z[X‡W Ykcfb_hi[ [b l_[hd[i feh bW deY^[ \k[ iki# f[dZ_Ze$ CWY^WbW [hW kdW Z[ bWi pedWi gk[ [ijWXW [d h_[i]e Wdj[ bW Wb[hjW o bei Zei [gk_fei Z[# Y_Z_[hed WfbWpWh [b Yej[`e ^WijW kdW dk[lW \[Y^W$ ;b cWhj[i i[ YedeY[h| Yk|dZe i[ Ykcfb_h| Yed [ij[ Yej[`e$
Ŋ#7/4+2(¢-Ŋ $#!3¢
7o[h jWcX_ƒd i[ Ykcfb_ÂŒ ejhe fWhj_Ze Z[ bW j[hY[hW \[Y^W$ ;d [b [ijWZ_e bW <ehjWb[pW" i[ [d\h[djW# hed H_l[h FbWj[ o B_]W Z[ Fehje# l_[`e$ ;ij[ Yej[`e jWcX_ƒd j[hc_# dÂŒ [cfWjWZe W Zei ]eb[i$ 7f[dWi _d_Y_WZe [b Yej[`e 8b[# od[h JeXWh fkie W ]WdWh W bei beYWb[i" [ije W bei Zei c_dkjei$ F[he W bei (&" @Wiied PWcXhWde" [n H_l[h" [cfWjÂŒ [b Yej[`e$ H_l[h jkle gk[ `k]Wh Yed '& ^ecXh[i W fWhj_h Z[b c_dkje )+" oW gk[ Ă›blWhe F[hbWpW iWb_ÂŒ [n# fkbiWZe$ FWhW [b i[]kdZe j_[cfe" He# Zh_]e He`Wi fed‡W bW i[]kdZW W bei ,- c_dkjei fWhW [b YkWZhe Z[ bW Ăˆ8WdZW He`WÉ" f[he '& c_dkjei Z[ifkƒi CWh_e BWijhW [cfWjÂŒ Z[Ă’d_j_lWc[dj[ [b Yej[`e$
+ĹŠ!+;2(!.ĹŠ , 3# . !(#11 ĹŠ+ ĹŠ3#1!#1 ĹŠ$#!' >eo i[ Yecfb[jW bW j[hY[hW \[Y^W Z[ bW I[h_[ 8$ :ei fWhj_Zei i[ Ykcfb_h|d ^eo" ZedZ[ [b fkdj[# he" JƒYd_Ye Kd_l[hi_jWh_e" fed[ [d `k[]e [b b_Z[hWje$ Bei Zei fWh# j_Zei ied W bWi ''0)&" [d 7cXWje o [d 7pe]k[i$ ;d [b Wkijhe [YkWjeh_Wde [b :[fehj_le 7pe]k[i i[ [d\h[djW Wb HeYW\k[hj[$ Bei Zei [gk_fei de ^Wd j[d_Ze kd Xk[d _d_Y_e$ ;b 7pe]k[i j_[d[ Wf[dWi kd fkdje" c_[djhWi gk[ bei ĂˆY[# c[dj[heiÉ ikcWd jh[i fkdjei ^WijW [b cec[dje$ Bei Zei [gk_fei bb[]Wd Wfh[jWZei [d bW jWXbW o de gk_[h[d Wb[`Whi[ Z[ bei fkdj[hei" feh [bbe bW l_Yje#
h_W [i \kdZWc[djWb fWhW bWi Zei [iYkWZhWi$ ;b fWhj_Ze Z[ bW \[Y^W be fhe# jW]ed_pWh|d bWi Zei [iYkWZhWi WcXWj[‹Wi" [d [b Yb|i_Ye jkd# ]khW^k[‹e$ CWYWh| o JƒYd_Ye Kd_l[hi_jWh_e i[ [d\h[djWd [d [b [ijWZ_e 8[bbWl_ijW$ ;b YkWZhe ĂˆHe`e o XbWdYeÉ bb[# ]W fkdj[he W [ij[ Yb|i_Ye o Yed bW Yedl_YY_ÂŒd Z[ cWdj[d[hi[ Ă’hc[ [d [b b_Z[hWje$ ;b [gk_fe Ăˆ9[b[ij[É" [d YWcX_e" [i j[hY[he c[hY[Z W kd [cfWj[ o kdW l_Yjeh_W$ Bei Zei [gk_fei bb[]Wd _dl_Y# jei W [ij[ Yej[`e o Yed Wdi_Wi Z[ eXj[d[h [b fh_c[h jh_kd\e [d [b Yb|i_Ye WcXWj[‹e$
: Ä“ĹŠ 43 .+(23 2ĹŠ"#+ĹŠ ! 1;ĹŠ#-31#- -ĹŠ/1#5(.ĹŠ +ĹŠ)4#%.ĹŠ"#ĹŠ#23#ĹŠ"~ Ä“
.1- " ĹŠ".,(-(! + .1 1(.2ĹŠ
13(".Ŋ ēŊ 9.%4#2ŊIJŊ .! $4#13#Ŋ ! 1;ŊIJŊ ēŊ -(5#12(3 1(.Ŋ
23 "(.ĹŠ +#) -"1.ĹŠ -3.2ĹŠ #++ 5(23 ĹŠ
.1 ĈĈĖĊć ĈĈĖĊć
ÄĽ 1#-!(3.ÄŚĹŠ #-ĹŠ, 1!' ĹŠ
ĹŠ ĹŠ
Ä ÄƒĹ? Ĺ?Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?ÄŒĹ?
Ä Ä†
+ĹŠ)4% ".1ĹŠ#!4 3.1( -.ĹŠ5.+5(¢Ŋ ĹŠ+ ĹŠ!.,/#3#-!( ĹŠ.ă!( +ĹŠ"#2Äą /4_2ĹŠ"#ĹŠ2#(2ĹŠ,#2#2Ä“
KdW b[i_ÂŒd be [ijWY_edÂŒ feh c[# _d]h[i[ [d h[[cfbWpe Z[b Wkjeh Z_e W‹e$ F[i[ W gk[ 7b[n <[h]k# Z[b jWdje$ <k[hed *+ c_dkjei Z[ [ce# ied de be gk[h‡W Wfh[ikhWh" bWi b[i_ed[i Z[ DWd_ o FWha f[hc_# Y_ed[i Z_ij_djWi$ ;d YWZW XWbÂŒd j_[hed gk[ Bk_i 7djed_e LWb[dY_W gk[ ĂˆJe‹eÉ jeYWXW" bW c[ceh_W h[# h[]h[i[ Wo[h W bWi YWdY^Wi" [d bW YehZWXW [i[ \WjWb Z‡W Z[ i[fj_[c# l_Yjeh_W (#& Z[b CWdY^[ij[h Kd_# Xh[ YkWdZe i[ hecf_ÂŒ bW j_X_W o [b j[Z ieXh[ [b 7hi[dWb" feh bW 9efW f[hedƒ$ F[he iebe [hWd h[Yk[hZei oW gk[ [b [njh[ce [YkWjeh_Wde Z[ ?d]bWj[hhW$ F[i[ W gk[ [d bW fh[l_W Z[b [ij| Z[ lk[bjW o i[h| Yk[ij_ÂŒd Z[ fWhj_Zei fWhW gk[ h[jec[ fWhj_Ze [b jƒYd_Ye [iYeYƒi ik d_l[b o i[W [b ^ecXh[ Z_`e gk[ de be YedleYWh‡W" ĹŠ YbWl[ Z[ <[h]kied o [b ie# [b ĂˆJh[dY_jeÉ WfWh[Y_ÂŒ [d bW Y_e _Z[Wb Z[ Heed[o" Wkjeh b_ijW Z[ ikfb[dj[i$ ;b h[ije +ĹŠ, 13#2ĹŠ [hW Yk[ij_ÂŒd Z[ [if[hWh$ -!'#23#1ĹŠ1#!(Äą Z[b i[]kdZe jWdje" fWhW cWhYWh ]eb[i$ 7i‡ \k[$ JhWi [b Z[i# #ĹŠ +ĹŠ 12#(++#ĹŠ /.1ĹŠ+ ĹŠ (% ĹŠ"#ĹŠ 9ed [ij[ h[ikbjWZe" YWdie" Yed bW l[djW`W Z[b ,/#.-#2ĹŠ8ĹŠ ]eb Yedl[hj_Ze feh <Wl_e +#-!( ĹŠ/."1;ĹŠ CWdY^[ij[h Kd_j[Z i[ 3#-#1ĹŠ,;2ĹŠ,(-4Äą YbWi_Ă’YÂŒ W i[c_Ă’dWb[i Z[ ZW I_blW" <[h]kied Z_e bkp 3.2ĹŠ"#ĹŠ)4#%.Ä“ bW 9efW <7$ l[hZ[ fWhW gk[ LWb[dY_W
ēŊ +#-!( Ŋ#2/#1 Ŋ#-31#Ŋ+.2Ŋ24/+#-3#2ēŊ (-43.2Ŋ,;2Ŋ3 1"#Ŋ(-%1#2¢Ŋ Ŋ+ Ŋ! -!' ēŊ
4#-ĹŠ"# 43 ;YkWZeh ]WdÂŒ Wo[h feh (#' W 8eb_l_W [d [b fh_c[h fWhj_Ze Z_ifkjWZe [d [b Z[iWhhebbe Z[b 9Wcf[edWje IkZWc[h_YWde Z[ <‘jXeb IkX '-" eh]Wd_pWZe feh bW 9ed\[Z[hWY_ÂŒd IkZWc[h_YWdW Z[ <‘jXeb 9edc[Xeb $ ;b fWhj_Ze _d_Y_ÂŒ Yed kdW I[# b[YY_ÂŒd ;YkWjeh_WdW _di_dkWd# j[" gk[ ][d[hWXW bWi fh_c[hWi bb[]WZWi Yed fej[dY_W YedjhW [b WhYe Xeb_l_Wde Z[\[dZ_Ze feh F[Zhe =Wb_dZe$ ;b YecX_# dWZe Z[b Ăˆ7bj_fbWdeÉ ceijhWXW lWY‡ei [if[Y_Wbc[dj[ [d [b c[# Z_e YWcfe" be gk[ f[hc_j‡W Wb [gk_fe beYWb Z[Ă’d_h ik b‡d[W Z[ WjWgk[$ BW [ijhWj[]_W Z[ bei ĂˆJh_Yebeh IkX '-É jecÂŒ \ehcW Yed [b _d]h[# ie Z[ @eiƒ <hWdY_iYe 9[lWbbei" gk_[d h[[cfbWpÂŒ [d bW YWdY^W W C_Y^W[b 7hXeb[ZW$ JeZWi bWi WYY_ed[i [hWd ][d[hWZWi Z[iZ[ bei Xej_d[i Z[b fh_ce]ƒd_je Z[ ĂˆF[f[ FWdY^eÉ$ ;b fh_c[h ]h_je [d [b [ijWZ_e ckd_Y_fWb BW 9eY^W Z[ BWjW#
Ykd]W h[jkcXÂŒ [b [iY[dWh_e Wb c_dkje ('0+&É$ Bk_i 8Wj_e`W" Z[ YWX[pW" hecf_ÂŒ bW lWbbW Xeb_l_WdW Yed kd ^ecXh[ de fhe]hWcWZe [d bWi '. oWhZWi" bk[]e Z[ kd j_he Z[ [igk_dW$ I[ `k]WXW [b c_dkje (*0'&É o bW WijkY_W Z[ A[l_d C[hYWZe \eje b[ Z_e bW i[]kdZW Wde# jWY_ÂŒd Wb [gk_fe [YkWjeh_Wde$ Dk[lWc[dj[ kd fWi[ [\[Yj_le Z[ 9[lWbbei [d [b c[Z_eYWcfe" ^WX_b_jÂŒ kdW f[bejW [\[Yj_lW Wb Z[bWdj[he o [b Yed\kdZ_[dZe Wb Whgk[he h_lWb" Z[fei_jÂŒ [b XWbÂŒd Wb YeijWZe Z[h[Y^e Z[b fÂŒhj_Ye$ 3 / ĹŠ!.,/+#,#-3 1( ;d [b fh_c[h j_[cfe bWi c[`eh[i YWh]Wi Z[ bW I[b[YY_ÂŒd ;YkWje# h_WdW Z[ <‘jXeb IkX '- i[ fhe# ZkY‡Wd feh [b YeijWZe Z[h[Y^e$ ;ije YWcX_ÂŒ [d bei i[]kdZei *+" ZWdZe ejhW YWhW Wb WYY_edWh Xeb_# l_Wde [d [b fWhj_Ze$ <k[ `kijWc[dj[ [b `k]WZeh c|i Z[ijWYWZe Z[ Ăˆbei Wbj_fbWdeiÉ" He# X[hje I_blW" [b Wkjeh Z[b ‘d_Ye jWd#
ēŊ #1! ".Ŋ, 1! Ŋ/ 1 Ŋ+ Ŋ2#+#!!(¢-Ŋ"#Ŋ !4 ".1ē
je fWhW ik [gk_fe" Wb c_dkje *0'+É$ 9ed [b d‘c[he '& [d ik YWc_# i[jW" I_blW h[Y_X_ÂŒ kd fWi[ fh[# Y_ie Z[ @[i‘i 7pe]k[ o Z_ifWhÂŒ Yed fej[dY_W Z[iZ[ [b YeijWZe _p# gk_[hZe" Z[fei_jWdZe [b jhWo[Yje
Z[b [i\ƒh_Ye [d bW fWhj[ ikf[h_eh Z[b WhYe1 dWZW gk[ ^WY[h fWhW [b fehj[he [YkWjeh_Wde MWbj[h 9^|l[p$ :[iZ[ [i[ cec[dje" 8eb_l_W Zec_dÂŒ [b fWhj_Ze o bW ĂˆJh_É fWh[Y‡W
iWj_i\[Y^W Yed [b (#'1 bW fei[i_ÂŒd Z[b XWbÂŒd \k[ cWoeh fWhW bei l_i_# jWdj[i o" Wkdgk[ j[d‡Wd [b jh_kd\e W i_ \Wleh" bW ĂˆJh_É j[hc_dÂŒ f_Z_[dZe j_[cfe Wb |hX_jhe Y[djhWb$
'(1( .% Ä–ĹŠÄĽ 4#13#ĹŠ ĹŠ+.2ĹŠ2#+#!!(.- ".2ÄŚ Ĺ—ĹŠĹŠ +ĹŠ !3.ĹŠ(- 4%41 +ĹŠ"#+ĹŠ ,/#.- 3.ĹŠ 4" ,#1(! -.ĹŠ"#ĹŠ ĂŒ3 .+ĹŠ 4 ĹŠÄˆÄ?ĹŠ2#ĹŠ"#2 11.++¢Ŋ 8#1ĹŠ ĹŠ+ 2ĹŠÄˆÄ?Ä–ÄŒÄŽÄ“ĹŠ 4#%.ĹŠ"#+ĹŠ(-%1#2.ĹŠ"#ĹŠ+ 2ĹŠ -"#1 2ĹŠ"#ĹŠ+.2ĹŠ/ ~2#2ĹŠ/ 13(!(/ -3#2ĔŊ#+ĹŠ
¥ ēŊ .2Ŋ"#/.13(23 2Ŋ1#!( (#1.-Ŋ#+Ŋ2 +4".Ŋ"#ŊŊ 4(2Ŋ '(1( .% Ŋ8Ŋ#+Ŋ5(!#,(-(231.Ŋ"#+Ŋ #/.13#ĔŊ #ĂŊ 2! + -3#ē
/1#2("#-3#ĹŠ"#ĹŠ+ ĹŠ 2.!( !(¢-ĹŠ"#ĹŠ ĂŒ3 .+ĹŠ .ĹŠ , 3#41ĹŠ"#ĹŠ .3./ 7(ĔŊ 9 #+ĹŠ .2#1.ĔŊ"(.ĹŠ+ ĹŠ (#-5#-(" ĹŠ ĹŠ+ 2ĹŠ2#+#!!(.-#2ĹŠ/ 13(!(/ -3#2Ä“ ."1(%.ĹŠ 2/~-ĔŊ +! +"#ĹŠ"#ĹŠ 3 !4-% ĔŊ %1 "#!(¢Ŋ ĹŠ+ 2ĹŠ 43.1(" "#2ĹŠ"#ĹŠ+ ĹŠ .-,# .+ĹŠ 8ĹŠ+ ĹŠ #"#1 !(¢-ĹŠ !4 3.1( - ĹŠ"#ĹŠ ĂŒ3 .+Ŋĸ ĚŊ/.1ĹŠÄĄ 1(-" 1ĹŠ#23 ĹŠ-4#5 ĹŠÄƒ#23 ĹŠ +ĹŠ/4# +.ĹŠ + 3 !4-%4# .ĔŊ+.2ĹŠ1#!( (,.2ĹŠ!.-ĹŠ+.2ĹŠ 1 9.2ĹŠ (#13.2ĢĔŊ"().Ä“ .,#1ĹŠ 24- ĔŊ/.1ĹŠ+ ĹŠ .-,# .+ĔŊ %1 "#!(¢Ŋ ĹŠ 4(2ĹŠ '(1( .% ĔŊ/1#2("#-3#ĹŠ"#ĹŠ+ ĹŠ ĔŊ /.1ĹŠ+ ĹŠ! +(" "ĹŠ"#ĹŠ.1% -(9 !(¢-ĹŠ"#ĹŠ#23.2ĹŠ3.1-#.2Ä“ĹŠ '(1( .% ĔŊ/.1ĹŠ24ĹŠ/ 13#ĔŊ %1 "#!(¢Ŋ ĹŠ + ĹŠ'(-!' " ĹŠ+ 3 !4-%4# Ŋ/.1ĹŠ24ĹŠ/1#2#-!( ĹŠ8ĹŠ,#-!(.-¢Ŋ04#ĹŠ#2/#1 -ĹŠ04#ĹŠĹŠÄĄ !4 ".1ĹŠ -.ĹŠ2.+.ĹŠ2#1;ĹŠ 4#-ĹŠ -ă31(¢-ĔŊ2(-.ĹŠ/1.3 %.-(23 ĹŠ#-ĹŠ#23#ĹŠ3.1-#.Ģē
Ĺ? Ĺ?
Ĺ?
Ä Ä‡
Ĺ? Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ĺ?
Ĺ? +. Ĺ?
- -ĹŠ.ĹŠ% - -ĹŠ -"#/#-"(#-3#ĹŠ-.ĹŠ3(#-#ĹŠ.31 ĹŠ!.-2(%- ĹŠ04#ĹŠ 42! 1ĹŠ+.2ĹŠ31#2ĹŠ/4-3.2ĹŠ ĹŠ+ 2ĹŠÄˆÄˆÄ–ÄŠÄ‡ĹŠ"#ĹŠ'.8ĹŠ -3#ĹŠ +,#".ĹŠ#-ĹŠ#+ĹŠ#23 "(.ĹŠ"#ĹŠ+ ĹŠ (% ĹŠ! -3.- +ĹŠ"#ĹŠ
4,( '4(Ä“ĹŠ +ĹŠ#04(/.ĹŠ"#ĹŠ 4+(.ĹŠ 2 "ĹŠ++#5 ĹŠ /#- 2ĹŠ4- ĹŠ5(!3.1( ĹŠ!.-31 ĹŠ!(-!.ĹŠ"#11.3 2ĹŠ04#ĹŠ+#ĹŠ, -3(#-#ĹŠ -3#/#-ĂŒ+3(,.ĹŠ!.-ĹŠ!(-!.ĹŠ4-(" "#2Ä“ 4ĹŠ1(5 +ĔŊ +,#".ĔŊ#2ĹŠ4-ĹŠ#04(/.ĹŠ$4#13#ĹŠ04#ĹŠ5(#-#ĹŠ"#ĹŠ3#-#1ĹŠ4-ĹŠ31 2/(_ĹŠ -3#ĹŠ #/.13(5.ĹŠ 4(3.ĹŠ#-ĹŠ+ ĹŠ).1- " ĹŠ/ 2 " Ä“ 23#ĹŠ/ 13(".ĹŠ2#1;ĹŠ"(1(%(".ĹŠ/.1ĹŠ +$1#".ĹŠ -31( %.ĹŠ8ĹŠ2#1;ĹŠ31 -2,(3(".ĹŠ/ 1 ĹŠ3.".ĹŠ#+ĹŠ/ ~2ĹŠ/.1ĹŠ !4 ".1 Ä“
14# ĹŠ +ĹŠÄĽ1.).ÄŚĹŠ5(5.ĹŠ ;b DWY_edWb l_[d[ Z[ ]WdWh W ?dZ[f[dZ_[dj[$ Kd jh_kd\e gk[ cej_lÂŒ [b [djehde Z[b [gk_fe Z[ CWh_e IWhWb[]k_ gk[ ^eo [d# \h[djW" Z[iZ[ bWi '(0&&" Wb ;c[# b[Y [d [b [ijWZ_e 7jW^kWbfW$ KdW fhk[XW Wb he`e l_le gk[ Z[ fWiWh iWYWh| Wb YkWZhe ĂˆYh_ebbeÉ Z[ bW ZƒY_cW fei_Y_ÂŒd '& fkdjei o be fheo[YjWh| feh [dY_cW Z[ ik h_lWb Z[ jkhde$ ;i feh [ie gk[ [b [djh[dWZeh khk]kWoe de jeYWh| [b [gk_fe gk[ b[ f[hc_j_ÂŒ ]WdWh" Wkdgk[ [ije i_]d_\_gk[ [b Ăˆ:_WXb_jeÉ BWhW i_]W [d bW ikfb[dY_W$ ;c[b[Y" feh ik bWZe" bb[]W Z[ f[hZ[h [d bW 9efW B_X[hjWZe# h[i o Yed Wb]kdWi ZkZWi [d bW c[dj[ Z[ EcWh 7iWZ$ ;ZkWh# Ze CehWdj[" CWhY[be <b[_jWi o :Wl_Z Gk_hep Wgk[`Wd b[i_ed[i gk[ b[i feZh‡Wd Z[`Wh \k[hW$
!3 5 ĹŠ$#!' ĹŠ .1, !(.-#2
ĹŠ
.- 1"ĹŠ 1!~
.2_ĹŠ "1(" 1(!2.-ĹŠ 1 9.
5(#1Ŋ '(+ Ŋ (! 1".Ŋ ¢/#9 + 5(.Ŋ (!#". 1 -*+(-Ŋ 4#11 #- 3.Ŋ 11 16(-Ŋ (3
4 -Ŋ - -%.-¢ "(2.-Ŋ 1#!( ". ĖŊ 1(.Ŋ 1 +#%4(
5(#1Ŋ +(,.6(!9 1+.2Ŋ 4( ¢-#9 1!#+.Ŋ +#(3 2 1(#+Ŋ !'(+(#1 ¥2! 1Ŋ %Õ~ #"1.Ŋ 4( ¢-#9Ŋ #1- -".Ŋ ( .1Ŋ #1- -".Ŋ (,_-#9 ^"(2.-Ŋ _-"#9 :-%#+Ŋ #- 1(23( -Ŋ #-_-"#9 ĖŊ , 1Ŋ 2 "
.1 Ä–ĹŠÄˆÄ‰Ä–Ä‡Ä‡ 23 "(.Ä–ĹŠ 3 '4 +/ Ŋĸ 4(3.Äš :1 (31.Ä–ĹŠ -(#+ĹŠ + 9 1 1 -2,(3#Ä–ĹŠ !4 5(2 ĹŠ
ĹŠ
-3#ĹŠ#+ĹŠ+~"#1 Ä“ĹŠ ĹŠ! ,/ Â ĹŠ"#+ĹŠ!4 "1.ĹŠ! /(3 +(-.ĹŠ#2ĹŠ/.2(3(5 Ä“
Â&#x; Ä“ĹŠ +ĹŠ !(.- +ĹŠ, -3(#-#ĹŠ4- ĹŠ! ,/ Â ĹŠ(11#%4+ 1Ä“
(% ĹŠ2#ĹŠÄĽ"#2/1#.!4/ ÄŚĹŠ"#ĹŠ 2/.+( ;b jhW`‡d Z[ fWhj_Zei o bWi kh# ][dY_Wi eXb_]Wd W ;Z]WhZe 8WkpW W fed[h kd [gk_fe Wb# j[hde [d [b `k[]e Z[ ^eo ''0)& Wdj[ ;ifeb_ [d FedY_Wde$ ;b ĂˆFWjÂŒdÉ ]kWhZWh| W bW cWoeh‡W Z[ j_jkbWh[i fWhW [b fWhj_Ze Z[ h[lWdY^W Z[ 9efW B_X[hjWZeh[i Wdj[ F[‹Wheb Z[ Khk]kWo" gk[ i[h| [b fhÂŒn_ce `k[l[i$ ;ifeb_" feh ik bWZe" bb[]W Wb [ijWZ_e Z[ bW ĂˆKÉ Yed [b Wdj[Y[# Z[dj[ Z[ i[h kde Z[ bei [gk_# fei gk[ cWoeh[i ĂˆZebeh[i Z[ YWX[pWÉ b[ Z_e W 8WkpW bW j[c# fehWZW fWiWZW$ 7Z[c|i" [ij| cej_lWZe Z[ifkƒi be]hWh [b fWiWZe c_ƒhYeb[i bW fh_c[hW l_Yjeh_W [d [b Y[hjWc[d o iWb_h Z[b ‘bj_# ce bk]Wh Z[ bW jWXbW$
13(".
.2( +#2Ŋ-¢,(- 2
.2_ĹŠ #5 ++.2 -"1.ĹŠ .) 2 +.ĹŠ .1.9. 1%#-(2ĹŠ .1#(1 1+.-ĹŠ -!' 9. 31(!(.ĹŠ 1143( (++( ,ĹŠ 1 4).
.2_Ŋ 5¢ .2_Ŋ +#-!( +3#1Ŋ +"#1¢ 1+.2Ŋ 4- ĖŊ "% 1".Ŋ 49
_!3.1ĹŠ 1 +~ (;-ĹŠ 4(-3 -
5(#1Ŋ 4 1(-. #+(-3.-Ŋ 4#11#1. 1#""8Ŋ 9 1#-. -.$1#Ŋ #)~ 423 5.Ŋ  #3# 1 -!(2!.Ŋ ¢,#9
.2_ĹŠ (9! ~-. 1+.2ĹŠ 4(++4/ -%4(ĹŠ 1+.2ĹŠ .-3 Â . Ä—ĹŠ -3( %.ĹŠ 23.+ 9 ĹŠ
.1 Ä–ĹŠÄˆÄˆÄ–ÄŠÄ‡ 23 "(.Ä–ĹŠ :1 (31.Ä–ĹŠ .""8ĹŠ , 1 -. 1 -2,(3#Ä–ĹŠ #+# , 9.- 2
1!#+.- ĹŠ1#!( #ĹŠ +ĹŠ #/.1Äą 3(5.ĹŠ 4(3.ĹŠ#-ĹŠ#+ĹŠ!(#11#ĹŠ"#ĹŠ+ ĹŠ .!3 5 ĹŠ$#!' Ä“
7 _d_Y_e Z[ W‹e" 8WhY[bedW i[ fkie feijkbŒ Yece YWdZ_ZWje W ]WdWh [b j‡jkbe" `kdje W [gk_fei Yece B_]W Z[ Gk_je" ;c[b[Y o :[fehj_le Gk_# je$ Ik ^_ijeh_W o [b Z_iYkhie Z[ bei Z_h_][dj[i ^_pe gk[ iki ^_dY^Wi i[ YedjW]_[d Z[ [i[ jh_kd\Wb_ice kdW j[cfehWZW c|i$ OW [d bW YWdY^W" o YkWdZe ^W [d\h[djWZe W iki fh_dY_fWb[i Yedj[dZeh[i" [b iWbZe de ^W i_Ze \WlehWXb[0 f[hZ_Œ &#) Wdj[ B_]W o [cfWjŒ i_d ]eb[i [d [b Yb|i_Ye Wdj[ ;c[b[Y$ >eo" Z[iZ[ bWi '-0&&" [d [b Cedkc[djWb j_[d[ bW j[hY[hW ]hWd fhk[XW fWhW h[l[bWh i_ [ij| fWhW f[b[Wh Whh_XW0 [d\h[djW Wb b‡# Z[h :[fehj_le Gk_je$
eY^e \[Y^Wi$ :[ bW del[dW kX_# YWY_ÂŒd gk[ cWdjkle [d lWh_Wi `ehdWZWi" i_[dZe [b cWoeh [gk_# fe Yed [cfWj[i" Y_dYe [d jejWb" ^eo WfWh[Y[ [d gk_djW fei_Y_ÂŒd Yed '' fkdjei" bei c_icei gk[ YkWjhe [gk_fei c|i$ FWhj[ Z[ h[ifediWX_b_ZWZ Z[ [iW c[`eh‡W ^Wd i_Ze Zei `k]WZe# h[i _hh[cfbWpWXb[i fWhW [b ĂˆFe[# jWÉ" gk[ ^eo de feZh|d [ijWh feh b[i_ÂŒd" Yece ied CWj‡Wi EoebW [ ?l|d 8eh]k[be$ 7dj[ [iWi [c[h# ][dY_Wi" [b jƒYd_Ye Wh][dj_de h[# Ykhh_h| W FWXbe FWbWY_ei" gk_[d ^W [ijWZe Wb[`WZe Z[ bWi YedleYW# jeh_Wi feh [b c_ice ?di‘W$ .-2.+(" !(¢-ĹŠ
Bei Ăˆ9^kbbWiÉ iebe f_[diWd [d [nj[dZ[h bW l[djW`W Z[ YkWjhe ;b [gk_fe Z[ HkXƒd :Wh‡e ?d# fkdjei gk[ oW j_[d[d ieXh[ iki i‘W ^W c[`ehWZe Z[ifkƒi Z[ [iYebjWi" WZ[c|i Z[ Yedieb_ZWh #2#,/# .ĹŠ 2!#-"#-3#ĹŠ
#1(#ĹŠ
+(-# !(.-#2ĹŠ
Ä“ĹŠ
;7(,.ĹŠ -%4#1
.2_ĹŠ 4(2ĹŠ #1+ 9 5;-ĹŠ 413 ".
_Ä‚#12.-ĹŠ 413 ".
4(2ĹŠ (!#". -(#+ĹŠ (- 18 -ĹŠ #ĹŠ+ ĹŠ .11# #.5 --8ĹŠ 9 1#-. ¢+%#1ĹŠ 3 ,.1.2 +.ĹŠ + !(.2 ."1(%.ĹŠ (#7#(1 Ä–ĹŠ 4 _-ĹŠ -2ĂŒ
1!#+.ĹŠ +(9 %
4(2ĹŠ '#!
(1.ĹŠ ,/.2ĹŠ 2 !ĹŠ (- #%4-".ĹŠ 23(++. -3( %.ĹŠ .1 +#2
4 -ĹŠ 1+.2ĹŠ 1#"#2ĹŠ :-%#+ĹŠ 2!. 1
Ä“ĹŠ #1- -".ĹŠ 1(3 , 7(,(+( -.ĹŠ #5 !04 ĹŠ 1+.-ĹŠ"#ĹŠ #2ĂŒ2 Ä–ĹŠ (;-ĹŠ 423.2
.1 Ä–ĹŠÄˆÄ?Ėćć 23 "(.Ä–ĹŠ .-4,#-3 +Ŋĸ 4 8 04(+ĚŊ :1 (31.Ä–ĹŠ .2_ĹŠ 4(2ĹŠ 2/(-#+ĹŠ 1 -2,(3#Ä–ĹŠ , ĹŠ8ĹŠ
W CWn_c_b_Wde 8[lWYgkW [d bW b_ijW Z[ ]eb[WZeh[i" ZedZ[ Wb ce# c[dje b_Z[hW Yed i[_i jWdjei$ ;b [djh[dWZeh <WX_|d 8kijei cWdj[dZh| [b [gk_fe gk[ b[ f[h# c_j_Œ ikcWh i[_i fkdjei [d bei Zei ‘bj_cei [dYk[djhei$
-2!1( #-ĹŠ ĹŠ/1(,#1 ĹŠ5;+(" ĹŠ"#+ĹŠ 4#+5#-ĹŠ+ 2ĹŠ #,.!(.-#2ĹŠ"#+ĹŠ 5_13(%.ĹŠ8ĹŠ+ ĹŠ 5#+.!(" "ĹŠ/.1ĹŠ + 2ĹŠÄƒĹŠ#23 2Ä“ 7hhWdYWhed bWi _diYh_fY_ed[i fWhW bW Fh_c[hW L|b_ZW Z[b 9Wc# f[edWje Z[ HWbbo (&''" eh]Wd_# pWZe feh [b Jkd]khW^kW 7kje# cÂŒl_b 9bkX J79 " feh bW <_[ijW Z[ bW <hkjW o Z[ bWi <beh[i" ]hWd fh[c_e 7kjecejeh[i Z[ bW I_[hhW I$ 7$ 7II7 $ BW Yecf[j[dY_W i[ Z[iWhhebbW# h| bei Z‡Wi (+" (, o (- Z[ cWhpe" Z[iZ[ bW Wl[d_ZW '( Z[ Del_[c#
+Ŋ1#!.11(". ŗŊ +Ŋ/1(,#1Ŋ31 ,.Ŋ2#1;Ŋ"#2"#Ŋ ĔŊ' 23 Ŋ 4(++;-Ŋ ., ĔŊ ,(+(.Ŋ
#1;-ĹŠ8ĹŠ2#!3.1ĹŠ .2ĹŠ -"#2Ä—ĹŠ#+ĹŠ2#Äą %4-".ĹŠ"#2"#ĹŠ .2ĹŠ -"#2ĹŠ' 23 ĹŠĹŠ+ ĹŠÄĽ ÄŚĹŠ "#ĹŠ 3 3#ĔŊ .+(2#.ĹŠ"#+ĹŠ! -3¢-Ŋĸ9.- ĹŠ "#ĹŠ 23#!(,(#-3.ĚĔŊ!.+(2#.ĹŠ' 23 ĹŠ+ ĹŠ 5~ ĹŠ ĹŠ 4 " +4/#Ä—ĹŠ#+ĹŠ3#1!#1ĹŠ/1(,#ĹŠ2#1;ĹŠ "#2"#ĹŠ 3 3#ĹŠ 4 " +4/#ĔŊ +ĹŠ (-%4#ĔŊ ' 23 ĹŠ++#% 1ĹŠ +ĹŠ2#!3.1ĹŠ ' , %Ä—ĹŠ !4 13.ĹŠ/1(,#ĔŊ ' , %ĔŊ 4 , +¢Ŋ +ĹŠ .13#ĹŠ8ĹŠ .3.1 2Ä—ĹŠ04(-3.ĔŊ .3.1 2ĔŊ .-3 +5.ĔŊ 4 !'(ĹŠ 1 -"#Ä—ĹŠ8ĹŠ#+ĹŠ2#73.ĹŠ /1(,#ĹŠ2#1;ĹŠ"#2"#ĹŠ 4 !'(ĹŠ 1 -"#ĹŠ ' 23 ĹŠ#+ĹŠ2#!3.1ĹŠ"#ĹŠ ĹŠ %" +#- ĔŊ#+ĹŠ 2; ".ŊĉÄ?ĹŠ"#ĹŠ, 19.Ä“
Xh[ o Kd_ZWZ DWY_edWb" Z[ &/0&& [d bW l[d_ZW '( Z[ Del_[cXh[ o oW [ij|d _diYh_jei fWhW [ijW fh_# 7XZŒd 9WbZ[hŒd beYWb Z[ 7bZe c[hW Yecf[j[dY_W gk[ ]WhWdj_pW W ')0&& o Z[ '+0&& W '.0&&$ i[h kd l[hZWZ[he [if[Yj|Ykbe" I[]‘d bei eh]Wd_pWZeh[i" FWh[Z[i " Z[ &/1&& W '.0&&$ >WijW [b cec[dje" *( f_bejei Yece [d jeZei bei W‹ei$ bWi _diYh_fY_ed[i i[h|d ^WijW [b c_ƒhYeb[i () Z[ cWhpe o de i[ WY[fjWh|d h[i[hlWi d_ _diYh_f# Y_ed[i [njhWehZ_dWh_Wi$ ;b Yeije [i Z[ '&& ZŒbWh[i$ 7i_c_ice" bei f_bejei Z[X[# h|d Z[iWhhebbWh bW fh[ h[l_i_Œd c[Y|d_YW [b () o (* Z[ [ij[ c[i"
Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ä Ä
Ä“ĹŠ 41 -3#ĹŠ#+ĹŠÄ‰Ä‡ÄˆÄˆĹŠ#7(23(1;-ĹŠ-4#Äą 5.2ĹŠ31 ,.2ĹŠ!.-ĹŠ/ (2 )#2ĹŠ341~23(!.2Ä“
+ ! %# ) %" $% " & ! ( "' # * "!"$
ŇĒÄ?ĒĉĎ
ŇĒÄ?ĒČć
āĂ
āăŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
4#19 ũ8ũ5#+.ı !(" "ũ$4#1.-ũ +.2ũ/1(-!(/ +#2ũ 31 !3(5.2ũ"#ũ #23 ũ!.,/#3#-ı !( ũ"#ũ31#/ " ē
ũ "1#- +(- ũ/41 ũ#-ũ+ ũ 31#/ " ũ"#ũ,.-3 ũČ7Č ēũ 1+.2ũ (++ !~2ũ2#ũ% -¢ũ+.2ũ /+ 42.2ũ"#+ũ/Ì +(!.ũ/.1ũ+.2ũ"#11 /#2ũ#-ũ 24ũ)##/ũ 1../#1ēũ
$ 6%',3(&&,?0 '( (&63414 6/$014 &10 $6513,9$&,?0 '(. 4(>13 ,3(&513 (0(3$. &1045$05( (0 (. 1@&,1 '(. '( $*1451 '(. 8 &10 %$4( (0 .$ '(.(*$&,?0 &10&(','$ 213 (. 4(>13 ,3(&513 *(0(3$. '(. (&101/,45$ (30$0'1 6,-$331 $%(9$4 &10 $2145,..$ (0 (. 1@&,1 (0 &113',0$&,?0 &10 .$ ,3(&513$ 317,0&,$. 8 (. ()( '(. (2$35$ /(051 317,0&,$. '(. (*631 '( 4$.6' 0',7,'6$. 8 $/,.,$3 '( !60*63$+6$ ,07,5$0 $ .$4 2(3410$4 ,05(3(4$'14 (0 2$35,&,2$3 (0 (. 2$3$ &6%3,3 (. 4,*6,(05( &$3*1 "
$%(3 $231%$'1 (. ,&.1 ;4,&1 1 '1/,0,1 '( 60 1@&,1 6341 '( (.$&,10(4 6/$0$4 63414 ,0+(3(05(4 $. 26(451 01 ,0',42(04$%.(4
0 .14 &$414 '( $42,3$05(4 &10 &$2$&,'$'(4 (42(&,$.(4 23(4(05$3 (. &$30< '(. .$4 ,04&3,2&,10(4 8 .14 '1&6/(0514 '( 412135( 4(3;0 3(&(25$'14 213 .$ ,0*(0,(3$ $6.,0$ 1/(31 13'17,..$ (42104$%.( '( (&63414 6/$014 '( .$ ,3(&&,?0 317,0&,$. '( !60*63$+6$ (0 .14 '=$4 .$%13$%.(4 4,*6,(05(4 $ .$ 26%.,&$&,?0 '( (45$ &1071&$513,$ 5(05$/(05( # :
ēũ . #13.ũ 4- + 3 Ĕũ"#ũ 23 9 Ĕũ$4#ũ#+ũ% - ".1ũ 2.+43.ũ#-ũ+ ũ! 3ı #%.1~ ũ,;2ũ"#ũĊćććũ!#-3~,#31.2ũ!Ì (!.2
- ".1#2
3#%.1~ ũ%#-#1 + Ĉēıũ 5;-ũ 11#1 ũ ĉēıũ . #13.ũ 4- + 3 Ċēıũ 5(#1ũ 8.1% śĊććć Ĉēıũ . #13.ũ 4- + 3 ĉēıũ 31(!(.ũ -" Ċēıũ:-%#+ũ:+5 1#9ũ ĉććĈũIJũĉĐćć Ĉēıũ 1 -!(2!.ũ 4;1#9ũ ĉēıũ #-18ũ .+~2ũ Ċēıũ 1+.2ũ (++ !~2
ēũ 23#ũ ##/ũ .8.3 ũ$4#ũ4-.ũ "#ũ+.2ũ,;2ũ5#+.!#2ē
ĈĊćĈũIJũĈďćć Ĉēıũ 5;-ũ 11#1 ĉēıũ 5(#1ũ 8.1% Ċēıũ #3ũ + 9 1 1#/ 1 ".2 Ĉēıũ 5(#1ũ 11(++. ĈĊćć 5;-ũ + !(.2ũũ
ēũ 23 ũ+.2ũ!+;2(!.ũ345(#1.-ũ 24ũ#2/ !(.ũ#-ũ#23 ũ!.,/#3#-!( ē
(&(-+
Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ä Äƒ
4#ĹŠ 2 +3 ".
Ĺ—
@kWd 7d‡XWb Gk_if[" Z[ )- W‹ei" \k[ Z[ife`WZe Z[ iki f[hj[d[dY_Wi Wo[h" W [ie Z[ bWi '&0&&" [d fb[dW Wl[d_ZW 9[lW# bbei" c_[djhWi YWc_dWXW iebe$ I[]‘d _d\ehcŒ [b f[h`kZ_YWZe" bei WiWbjWdj[i [hWd Z[ Wif[Yje Yeij[‹e o Z[ XW`W [ijWjkhW" gk[ Wb fWh[Y[h [ijWXWd Zhe]WZei$ Bei cWb^[Y^eh[i be]hWhed bb[lWhi[ kdW X_bb[j[hW Yed ZeYkc[djei" Zei jWh`[jWi Z[ YhƒZ_je o kdW Y^[gk[hW$ ;b f[h`kZ_YWZe [\[YjkWh| bW Z[dkdY_W [d bW Feb_Y‡W @kZ_Y_Wb Z[ Jkd]khW^kW$
(ŋ0 "v /&)ŋ (. -' ŋ ,,)&&šŋ 3ŋ' .šŋ ŋ )(. )ŋ ŋ/(ŋ$)0 ( ēŊ +Ŋ!4#1/.Ŋ2(-Ŋ5(" Ŋ"#Ŋ +_ #1Ŋ (!.Ŋ .1"¢-ĔŊ"#ŊĉĊŊ  .2ĔŊ#23 Ŋ3#-"(".Ŋ Ŋ4-Ŋ!.23 ".Ŋ"#Ŋ+ Ŋ! +9 " Ŋ#-Ŋ+ Ŋ5~ Ŋ Ŋ #+(+#.ĔŊ2#!3.1Ŋ"#Ŋ+ Ŋ/ 11.04( Ŋ .3.1 2ē
.2ĹŠ,.1 ".1#2ĹŠ"#ĹŠ .3.1 2ĹŠ 2#%41 -ĹŠ -.ĹŠ' #1ĹŠ. 2#15 ".ĹŠ #+ĹŠ5#'~!4+.ĹŠ!4+/ +#ĹŠ "#+ĹŠ !!("#-3#Ä“
Z_[hed Wl_ie W bW Feb_Y‡W DWY_e# dWb$ I[]‘d j[ij_]ei" Wb fh_dY_f_e eXi[hlWhed kd Xkbje [d c[Z_e Z[ bW eiYkh_ZWZ o efjWhed feh WY[h# YWhi[ fWhW l[h be gk[ i[ jhWjWXW" Wb [dYedjhWhi[ W jWd iebe kd fWh Z[ c[jhei Z[iYkXh_[hed gk[ [hW kd \Wbb[Y_Ze$
D_ kd iebe c_dkje Z[ l[djW`W jkle 9bƒX[h F_Ye =ehZÂŒd" Z[ () W‹ei" YkWdZe Wb fWh[Y[h Z[Y_Z_ÂŒ YhkpWh bW YWhh[j[hW o kd l[^‡Ykbe de _Z[dj_Ă’ YWZe be ^WXh‡W Wl[djW# Ze c|i Z[ YkWjhei c[jhei ieXh[ bW YWbpWZW$ ;b WYY_Z[dj[ eYkhh_ÂŒ Wo[h [d bW l‡W W F[b_b[e" i[Yjeh Z[ bW fWhhe# gk_W JejehWi Y[djhe" feYe Wdj[i Z[ WfWh[Y[h [b WbXW &+0(& $ ;b Yk[hfe i_d l_ZW \k[ l_ije feh bei jhWdi[‘dj[i gk[ Y_hYkbW# XWd W [iW ^ehW ^WY_W iki YWiWi o
;b _d\ehjkdWZe Wb fWh[Y[h i[ [dYedjhWXW XW`e [\[Yjei Z[b b_Yeh" Wb fkdje Z[ de feZ[h cWdj[d[hi[ [d f_[$ 7b _dj[djWh Z_h_]_hi[ ^WY_W ik Zec_Y_b_e [d JejehWi" \k[ _c# fWYjWZe feh kd Wkje" cWj|dZebe Z[ YedjWZe$ C_[cXhe Z[b I[hl_Y_e Z[ ?d# l[ij_]WY_ÂŒd Z[ 7YY_Z[dj[i Z[ Jh|di_je I?7J [\[YjkWhed [b b[lWdjWc_[dje Z[b YWZ|l[h" fWhW bk[]e bb[lWhbe ^WijW bW Ceh]k[ Z[b >eif_jWb :eY[dj[ 7cXWje$ Bei Z[kZei i[ [dj[hWhed W jhW#
1.'( (".ĹŠ -"#1 2ĹŠ8ĹŠ #-% + 2ĹŠ ÄˆÄŒÄŽĹŠ #+#,#-3.2ĹŠ "#+ĹŠ .1"#-ĹŠ #23;-ĹŠ "#2(%Äą - ".2ĹŠ/ 1 ĹŠ#+ĹŠ!+;2(!.ĹŠ , 3# .ĹŠ "#ĹŠ '.8ĔŊ 04(#-#2ĹŠ#23 1;-ĹŠ"#-Äą 31.ĹŠ8ĹŠ$4#1 ĹŠ"#+ĹŠ#23 "(.ĹŠ #++ 5(23 Ä“ĹŠ .2ĹŠ4-($.1Äą , ".2ĹŠ-.ĹŠ/#1,(3(1;-ĹŠ #+ĹŠ (-%1#2.ĹŠ "#ĹŠ -Äą "#1 2ĔŊ 23 2ĔŊ .3#++ 2ĹŠ "#ĹŠ5("1(.ĔŊ. )#3.2ĹŠ!.-ĹŠ ÄƒĹŠ+.ĔŊ # (" 2ĹŠ +!.'¢+(Äą ! 2ĹŠ.ĹŠ #-% + 2Ä“ĹŠ
.-3(-ĂŒ -ĹŠ!.-31.+#2
Ĺ—
} ēŊ +Ŋ/ 1#!#1ĔŊ#+Ŋ$ ++#!(".Ŋ2#Ŋ#-!.-31 Ŋ#-Ŋ#23 ".Ŋ"#Ŋ# 1(#" "ē
lƒi Z[ kdW bbWcWZW j[b[\Œd_YW Z[ kd \Wc_b_Wh Y[hYWde [ _dc[Z_W# jWc[dj[ WYkZ_[hed W bW ceh]k[" ZedZ[ YedijWjWhed gk[ i[ jhWjWXW Z[ ik i[h gk[h_Ze gk[ Z[iWfWh[#
BW Feb_Y‡W DWY_edWb h[]_ijhÂŒ W c|i Z[ +, Wkjei" [djh[]ÂŒ i[_i Y_jWY_ed[i o h[j_hÂŒ lWh_Wi fbWYWi de h[]bWc[djWh_Wi [b l_[hd[i Wdj[h_eh [d bW FWdW# c[h_YWdW Dehj[" i[Yjeh FWhgk[ ?dZkijh_Wb" W Y^e\[h[i _d\hWY# jeh[i$ 7b _]kWb gk[ ƒij[" bei ef[hWj_lei i[ Z[iWhhebbWd [d Z_ij_djei bk]Wh[i [ijhWjƒ]_YWi Z[djhe Z[ bW khX[ o [d bWi [d# jhWZWi o iWb_ZWi" Yed [b Ă’ d Z[ Z_ic_dk_h [b heXe Z[ l[^‡Ykbei o bW Z[b_dYk[dY_W$
Y_ΠZ[ kdW cWd[hW jh|]_YW$ 7^ehW" bei fWh_[dj[i Z[b Z_# \kdje f_Z[d W bei j[ij_]ei \WY_b_j[d ZWjei fWhW ZWh Yed [b YedZkYjeh YkbfWXb[ Z[ [ijW ck[hj[ jh|]_YW$
,,)&& )Ĺ‹*),Ĺ‹0 "v /&)Ĺ‹ (. -' ;b i[Yjeh 9kWjhe ;igk_dWi" l‡W W IWd Bk_i#9^Wkf_ KdWckdY^e l_l_ÂŒ kdW jh|]_YW [iY[dW Wb f[h# Z[h W kde Z[ iki ^_`ei" gk[ Z[`ÂŒ Z[ [n_ij_h XW`e bei d[kc|j_Yei Z[ kd Wkjecejeh de _Z[dj_Ă’ YWZe o kd Y^e\[h _dYb[c[dj[ gk[ ^koÂŒ bk[]e Z[b WYY_Z[dj[$ I[ jhWjW Z[ I[]kdZe ?Y^_dW Cefei_jW" Z[ +' W‹ei" gk_[d ^W# Xh‡W i_Ze WhhebbWZe [d Y_hYkdi# jWdY_Wi Z[iYedeY_ZWi$ ;b ^[Y^e eYkhh_ÂŒ [b l_[hd[i W [ie Z[ bWi (&0(&$ ;d bW l‡W [cf[ZhWZW" bei ce# hWZeh[i eXi[hlWhed kd Xkbje d[]he [d c[Z_e Z[ WXkdZWdj[ iWd]h[" be gk[ WbWhcÂŒ W bei cehW#
Zeh[i gk[ ^WijW ^eo de fk[Z[d Yh[[h [b jh|]_Ye Ă’ dWb Z[ I[]kdZe ?Y^_dW$ Bei cehWZeh[i Z[b i[Yjeh gk[# ZWhed WjÂŒd_jei feh bW Z[i]hWY_W gk[ [dbkjÂŒ W kdW \Wc_b_W ^kc_b# Z[ Z[b bk]Wh$ ?dj[]hWdj[i Z[b I[hl_Y_e Z[ ?dl[ij_]WY_ÂŒd Z[ 7YY_Z[dj[i Z[ Jh|di_je I?7J Z[ Jkd]khW^kW [\[YjkWhed [b b[lWdjWc_[dje Z[b YWZ|l[h" gk[ de Z[iYWiWh| [d fWp ^WijW gk[ [b YkbfWXb[ WfWh[pYW Wb]‘d Z‡W$ Bk[]e Z[ [ijW Z_b_][dY_W [b Yk[hfe \k[ jhWibWZWZe ^WijW bW Ceh]k[ Z[b >eif_jWb :eY[dj[ 7cXWje fWhW bei jh|c_j[i Z[
4#23.2ĹŠ#-ĹŠ+( #13 "
Ĺ—
I[]kdZe I_cXW‹W" Z[ )) W‹ei o L_l_WdW 9kijeZ_e" Z[ )- W‹ei" \k[hed Z[j[d_Zei feh bW Feb_Y‡W" ikfk[ijWc[dj[ feh he# XWh *&& ZŒbWh[i W kdW ck`[h gk[ de gk_ie ZWh d_d]‘d ZWje" d_ Z[dkdY_Wh W bei Wfh[^[d# Z_Zei$ ;b ^[Y^e eYkhh_Œ [b l_[hd[i [d [b h[ZedZ[b Eh_[dj[" bei Z[j[d_Zei \k[hed b_X[hWZei feh \WbjW Z[ fhk[XWi$
āą
ŏŏāăŏŏ ŏŏ ŏ ŏĂĀāā
ŏ +. ŏ
8KI9E ;CFB;E 2(!¢+.% ũ -"4231( +ēũ -$ēũ ĉČĈĈČďćũ ĵũ ćđČĈĐĈďĒĐ
-%#-(#1 ũ #-ũ $(- -9 2ēũ (-$.1,#2ũ ĉđĐČĉćĈĵćđĐđĈďĎĉĉ
'.$#1ũ /1.$#2(.- +Ĕũ ! 3#%.1~ ũ ēũ -$ēũ ćđĐĊČĐČĎĉ
ũ #-3 2ũ8ũ!. 1 -9 2ēũ -$ēũćĒĎćĉČćďĉ
ũ 2(!¢+.% ũ -"4231( +ēũũ -$ēũćĒĎČĉĉĈĊĊ
-%#-(#1 ũ #-ũ .-3 (+(" "ũ 8ũ 4"(3.1~ ēũ -$ēũćĒđĎĒĐĈđď
'.$#1ũ/1.$#2(.- +ēũ(/.ũ ũũ!.-ũ! ,(¢-ũ"#ũ Ďũ3.-#+ " 2ē -$ĖũćĒĐĈĊĉďĈČ
-%#-(#1 ũ#-ũ 1% -(9 !(¢-ũ"#ũ ,/1#2 2ēũ -$ēũĉČČĎĊĎĎ
'.$#1ũ /1.$#2(.- +ēũ (/.ũ ũ -$.1,#2Ėũ ĉČĉĉĒĐćĵćđĐĊČĉĈĐď '.$#1ũ/1.$#2(.- +Ėũ -$.1,#2ĖũĉČĉĐĎĊđ
GIF=<JFI<J -"8ũ . (-2.-ēũ -%+_2ēćĒĒĐćĒćĊĒ
1.$#2.1ũ
ũ 2(!¢+.% ũ -"4231( +ēũ -$ēũ ĉČĉĈĊČĈũ ĵũ ćđČďĈĎĊďćũ
@E><E@<IFJ
1.$#2.1ũ"#ũ,Ì2(! ēũ _!-(!.ũ#-ũ .!#-!( ũ 42(! +ēũ -$ēũĉČĈđĐđđũĵũćđČďĒĈćĐĊ
-%#-(#1 ũ#-ũ 1*#3(-%ēũ -$ēũĉČĈĈďČĊũĵũ ćĒđđĉććĉć
ũ -%#-(#1 ũ#-ũ ",(-(231 !(¢-ũ"#ũ ,/1#ı 2 2ēũ -$ēũćđĐĈđĈČĐĒ
154+ 1( ēũ ćĒĉĎćĈĊďĐũ
-%#-(#1 ũ #-ũ 1% -(9 !(¢-ũ "#ũ ,/1#ı 2 2ēũ -$ĖũćđĐĊđĐĒĐďē
-%#-(#1 ũ#-ũ +(,#-3.2ēũ -$ēũćđćĐĎĎĉĎČ
'.$#1ũ/1.$#2(.- +ũĵũ #%41(" "ũ -"4231( +Ėũ -$ēĖũćĊĉđĎĈđďđıćĒĉĎĒćĈđđ
ũ ēũ ēũ ēũ ćđČĎĈĊĐćĉũĵũĉđĉĐČČĉ
'.$#1ũ /1.$#2(.- +ēũ ĉđĎďČćĒũ ĵũ ćĒĎĎćďďĐđ
-%#-(#1.ũ #-ũ #23(¢-ũ (- -!(#1 ēũ -$ēũ ćđČČĈČĉćĈũĵũćĒĐĊćĈĊĈć
'.$#1ũ /1.$#2(.- +Ĕũ +(!#-!( ũ 3(/.ũ ġ Ģēũ #-%.ũ ! ,(¢-ũ 84-" (ũ 41%.-ũ Ĕũ ĈĒĒČĔũ ! / !(" "ũ Ċũ 3.-#+ " 2ēũ 3#+_$.-.Ėũ ćĒĒĉćĊĐĎđũıũĉĎĉĉđĊđ
-$ēũ
ćĒđĊĐĊćČďũ
ĵũ
154+ 1( ēũ -$ēũćđČČČćĒĊđ 1.$#2.1 ũ 154+ 1( ēũ -$ēũ ćĒĎđĊĎĈĒĊũ ĵũ ćĒđĉĈĒĎČČũ 154+ 1( ēũ -$ēũĉđĎĈČĐĉũĵũćđĐđĈďĊĈĊ
-%#-(#1.ũ #-ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũĉđĎĊĐĊĒũĵũćđČďćĐđĈďũ -%#-(#1.ũ#-ũ ,/1#2 2ēũ -$ēũĉČĈČĉĊďũĵũ ćđĐđĈďđďćũ -%ēũ #-ũ (23#, 2ēũ #+ũ ćđĈćĈĎđĊďĵũ ĉČĈďĈĐĉ
:FEK8;FI<J
-%#-(#1.ũ (5(+ēũ -$ēũćĒĉĐćĒĐďĈ -%#-(#1.ũ#-ũ (23#, 2ēũ -$ēũćĒđĊĉĉćđĎ
8;D@E@JKI8K@MFJ
.3.1(9 ".ũ !.,.ũ ,#-2 )#1.ũ 8ũ / /#+#2ũ +ũ "~ ũ ,.3.ũ /1./( ēũ ćĒĉĒđČĐĈćēũ (;-ũ %4(11#
%1#2 " ũ 1*#3(-%ũ8ũ #23(¢-ũ"#ũ #%.ı !(.2ēũ -$ēũćĒđĉĊĊĈĉĎ
3#-!(¢-ũ +ũ !+(#-3#ēũ -$ēũ ĉĐĎČĎďďũ ĵũ ćĒĎďĐĎĐĎĒũ
#%.!(.2ēũ -$ēũćđĐČćĊđĊČ
3#-!(¢-ũ +ũ !+(#-3#Ĕũ , 1*#3(-%Ĕũ 5#-3 2ēũ -$ēũćđĊĈĉĎĉĎćũ 4~ ũ 341~23(! Ĕũ /1.$#2.1 ũ "#ũ (+.2.$~ ēũ -$ēũćĒćĊĈĒĐČćũ
_!-(!.ũ #-ũ (23#, 2ēũ -$ēũ ćđĐćĎĊďĊćũ ĵũĉđĉĈďđČ
1#-2(23 Ĕũ#7/#1(#-!( ũ#-ũ(,/1#-3 2ēũ -$ēũ ćĒĒĒďČđĈďũĵũĉđĉĉďĐĒũ
ũ (!#-!( " ũ#-ũ .,4-(! !(¢-ũ .!( +ēũ -$ēũ ćĒĎćĉĒĒďđ
'.$#1ũ /1.$#2(.- +ēũ -$ēũ ćĊĉũ ČĈĉĊćđũ ĵũ ćđČĈČđđđĊ
-$#1,#1 ēũ ćđČĎČĐČĈĒ
ũ !'(++#1ũ _!-(!.ēũ +#!31(!(" "ũ -"4231( +ēũ
-$ēũ
ćĒĐĎďĉĎĒćũ
ĵũ
'.$#1ũ /1.$#2(.- +ēũ -$ēĖũ ćđĉćČđĐĊĉũũ ĸćĊĹĉČĈĊČĉĊũ
ũ .5#-ũ !'(++#1ũ #-ũ .-3 (+(" "ũ !.-ũ
47(+( 1ũ!.-3 +#ũ -$ĖćĒĒĒČĒćĎĐ
-%#-(#1 ũ .,#1!( +ēũ -$ćđĐđĊĈĊđĒ
#!1#3 1( ũ )#!43(5 ēũ -$ēũ đĊĉČĊĊđČũ
ũ '.$#1ũ /1.$#2(.- +Ĕũ ũ !.-ũ ! ,(¢-ũ
ũ 4"(3.1ũ !.-ũ ,/+( ũ #7/#1(#-!( ēũ -$ēũ ĉČĈĐĈĉĎũĵũćĒĉĒĊĐČČČũ
%1#2 ".ũ"#ũ -%#-(#1~ ũ#-ũ +(,#-3.2ēũ -$ēũ ćĒđĊćđĒĈďũ
#!1#3 1( ēũ -$ēũćĒĎćĉđĐĉĊ
ćđĒćĎĎđćČ
13 ēũ !'(++#1ũ#-ũ(-$.1, 3(! ũ 4#- ũ/1#ı 2#-!( ēũĉđĎćČČĐ
-%#-(#1 ũ #-ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũĉĎĉćĉĈćũĵũćĒĉĐĉćĉČĒ
-%#-(#1 ũ#-ũ ,/1#2 2ēũ -$ēũćđĐĒđĉĐĊĐũ
%1#2 " ũ (#-!( 2ũ ",(-(231 3(5 2ēũ -$ēũ ćđĊĉďČćĉć
'.$#1ũ /1.$#2(.- +Ĕũ ! 3#%.1~ ũ ēũ -$ēũ ćĒđćĐćĉČČũ
ũ 11#%+.ũ "#ũ !.,/43 ".1 2ēũ -$ēũ ćĒĎđćČČđď
-%#-(#1.ũ !.,#1!( +ēũ ĉČĎĉĒĎćũ ĵũ ćĒĎĒđĉĒĒĒ
/ !(3 ".1ũ#-ũ ",(-(231 !(¢-ũ Ì +(! ēũ -$ēũćĒČĎĊćČćđ
'.$#1ũ/1.$#2(.- +ũ3(/.ũġ Ģũ/ 1 ũ3 7(2ũ8ũ ! ,(.-#2ũ"#ũĎũ3.-#+ " 2ēũ -$ĖũĉČććđĎĎũ ıũćĒĎĐĒĒĈČĊũũũũũũ
ũ #-2 )#1.ũ .3.1(23 ēũ -$ēũĉČĈĒĉĊĐ
ũ -%#-(#1.ũ "#ũ ,/1#2 2ēũ -$ēũ ĉČČĉĉĐďũ ĵũćđĊĉĒĒĐĉĐ
47(+( 1ũ ",(-(231 3(5 Ĕũ 5#-3 2Ĕũ 3#-ı !(¢-ũ +ũ !+(#-3#ēũ -$ēũ ćđČĐČČĐćČũ ĵũ ćđĊĈđĐđČĊũ
.-3 ".1 ēũ -$ēũćđĐććđďĐďũ -%#-(#1 ũ #-ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũćĒććđĐĒďĎũ 1 ēũ -ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũ ĉČĈđĎĉĈũĵũćĒđĒĒćďĒĊ %1#2 " ũ "#ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũĉČĈĈĐĉĈũĵũćĒĎĉĎććĎć
%1#2 ".ũ "#ũ -%#-(#1~ ũ +#!31¢-(! ũ #-ũ .,4-(! !(.-#2ēũ -$ēũ ĉđĉĎďĐĈũ ĵũ ćđČĐđĎćĐĎũ -%#-(#1 ũ .,#1!( +ēũ -$ēũ ĉđČďćĉČũ ĵũ ćĒďđćĉĐďĈ
#!1#3 1( ũ #!#/!(.-(23 ēũ 47(+( 1ũ!.-ı 3 +#ēũ -$ēũćđČĎďďĈĒďũ
<:FEFD@JK8J !.-.,(23 ēũ -$ēũćđČČĒĊĒćĈũĵũĉĎĉĈđČć
'.$#1ũ2/.13, -ēũ -$ēũćđĐďďĉĊĊĊũũũũũ #!#2(3.ũ#,/+#.ũ2.8ũ!'.$#1ũ/1.$#2(.- +ũ !.-ũ +(!#-!( ũ 3(/.ũ ġ Ģũ + , 1ũ +ũ 3#+$ēĖũ ćĒĒĎĉĈđĒĐũĵũćĒĒĎĉĈđĒĐ '.$#1ũ /1.$#2(.- +ũ ćĒĒćĈĉĊĈć
42! ũ 31 ).ũ
:FEJKIL::@FE #ũ1# +(9 ũ31 ).2ũ"#ũ/(-341 ũ#-ũ! 2 2Ĕũũ #+$ĖũćĒĒćĈĉĊĈć
+(!#-!( ũ3(/.ũ Ĕũ +.-#1.ũũćđČďďđďĎĒ
ũ #!#/!(.-(23 ũĵũ 2(23#-3#ũ .-3 +#ēũ -$ēũ ćđĐĊđďĈĉĐ 4/#15(2.1ũ"#ũ ."#% ēũ -$ēĖũćĒĉũĒĎũĎđũćĉũ IJũĉũČĉũČČũĉĎũũũ 84" -3#ũ"#ũ.$(!(- ũĵũ 47(+( 1ũ"#ũ#-$#1ı ,#1~ ēũ -$.1,#2ĖũćĒđĉćĉĈĈĉ .,4-(! ".1ũ 2.!( +ũ ĵũ #+ !(.- ".1ũ Ì +(!.ũ ĵũ #231.ũ "#ũ #1#,.-( 2ēũ -$ēũ ćđČćĈĐČďĒ
%1#2 ".ũ "#ũ -%#-(#1~ ũ +#!31¢-(! ũ #-ũ .,4-(! !(.-#2ēũ -$ēũ ĉđĉĎďĐĈũ ĵũ ćđČĐđĎćĐĎũ
%1#2 " ũ #-ũ -! ũ 8ũ (- -9 2ēũ -$ēũ ćĒĉĎĐććĈČ
-%ēũ #!;-(!.ēũ 2/#!( +(9 ".ũ #-ũ ",(ı
,/+# " ũ".,_23(! ēũ -$ēũćĒćĈĊćĊćĒ
#ũ1# +(9 ũ31 ).2ũ"#ũ/(-341 ũ#-ũ! 2 2Ĕũũ #+$ĖũćđĎĉćČĈĐĒ
,/+# " ũ".,_23(! ēũ -$ēũćĒđđĒČďćĐ
+ (+Ĕũ 1, ".1ũ"#ũ3 +.-#2
ũ .,4-(! ".1 ũ .!( +ēũ -$ēũĉđĉĈĊĒĊ
-(231 !(¢-ũ "#ũ 1."4!!(¢-Ĕũ ēũ + , 1ũ +ũ ĉČĎĈĈĊČũĵũćĒĎđĎĎĐĈĉ
<DGC<F ;FD<JK@:F
%1#2 ".ũ 1*#3(-%ũ8ũ #23(¢-ũ"#ũ #%.ı !(.2ēũ #+$ĖũĉđĎćĈĊĐĵćĒđĊđĉććČ #-2 )#1.ēũ -$ēũĉĐďĉĊđĉ
ĵũ
-%#-(#1.ũ #-ũ #1! ".3#!-( ēũ -$ēũ #+$ēũ ĉđĎĒĊĒĈũĵũćĒČČćĎđČČũĵũćđĐđĈĐĉđĉ
,/+# " ũ ".,_23(! ēũ #+$ĖćđĒĒćĎĒČĉũ ĵćđĒĒĊĊĊĉČ
#!-¢+.%.ũ (5(+ũ 8ũ ( +ēũ -$Ėũ ĉČĉĉĒĐćĵũ ćđĐĊČĉĈĐď
..1"(- ".1 ũ ćĊĉĉĐČćđĈĐ
-%#-(#1 ũ"#ũ ,/1#2 2ēũ .-3 ".1 ēũ -$ēũ ĉČĎććČĐũĵũćĒĐĒČććĉđũ
-%#-(#1 ũ "#ũ ,/1#2 2ēũ -$ēũ #+$ēũ ćđďđĊĈĎĒũĵũćĒĈććďďĉď
,/+# " ũ".,_23(! ēũ #+$ĖćĒćĐĐďĈĐČĵć đĒĒćĎĒČĉĵćđĒĒĊĊĊĉČ
ũ _!-(! ũ 4/#1(.1ũ #-ũ .,/43 !(¢-ũ #ũ (-$.1,;3(! ēũ -$ēũćđćĊĎďĉĎĐ
%1#2 " ũ"#ũ ",(-(231 !(¢-ēũ .-3 ".ı 1 ēũ -$ēũĉČĈĎďĒďũĵũćĒĒĐĐĎđĐď
-%#-(#1 ũ .,#1!( +Ėũ -$ēũćĒđĉĐĐďĐĈ
(,/(#9 ũ "#ũ ! 2 Ĕũ .$(!(- 2ēũ -$ēũ ćđďĐďďĐĈćũĵũĉČĈĎČĎĊũ
13#2 -.ũ! +($(! ".ũ#-ũ +4,(-(.ũ8ũ5("1(.ēũ 1(! ,.2ũ /4#13 2Ĕũ 5#-3 - 2Ĕũ 5(31(- 2Ĕũ #3!ēũ #15(!(.ũ "#ũ , -3#-(,(#-3.ēũ -$ēũ ćĒĐĎČĈđĐĎ
.-3 ".1 ēũ ćĒĎČćĊĈĎđ
.-3 ".1 ēũ ćĒđĎĒďćĒď
-$ēũ
ĉČĉĎĒďćũ
-$ēũ
ĉČĉďđĊđũ
ĵũ
ũ -%#-(#1.ũ #-ũ (23#, 2ēũ -$.1,#2Ėũ ĉČĎĉĐĎĎũĵũćđĐČĒĊĉČĉ -%#-(#1.ũ #-ũ +(,#-3.2ēũ -$.1,#2Ėũ ćĒđĈĐĊđĐĉ
47(+( 1ũ!.-3 +#ēũ -$ēũćđĐĒĉĊďĐĎ
89F>8;FJ
ũ -%#-(#1 ũ .,#1!( +ēũ -$ēũ ĉđĉĐČČĉũ ĵũ ćđČĎĈĊĐćĉ
.% ".ēũ -$ēũĉđĉđďĒČ 234"( -3#ũ "#ũ 41(2/14"#-!( Ĕũ 2_/3(,.ũ 2#,#231#ēũ -$ēũćđćĐČďĒďĈ
-%#-(#1.ũ"#ũ ,/1#2 2ēũ -$ēũćĒđĐĎĉĐćĐ
.% " ēũ -$ēũĉČĉČćĎĒũĵũćĒĎČćĒĐĐĒ
-%#-(#1.ũ #-ũ (23#, 2ēũ -$ēũ ĉđĎĊĒĉĊũ ĵũ ćĒđĎďČđČĈ
%1#2 " ũ "#ũ #23(¢-ũ (- -!(#1 ēũ -$ēũ ćĒĎĎĒćĎđđ
-%#-(#1 ũ #-ũ #23(¢-ũ (- -!(#1 ēũ -$ēũ ĉČĎććĎćũĵũćĒĎĐĈČĒđď
234"( -3#ũ #ũ #1#!'.ēũ -$ēũćĒĒćĎĊĊđĐ
-%#-(#1 ũ #-ũ #23(¢-ũ (- -!(#1 ēũ -$ēũ ćđĐđĈďĎĉĉ
.% ".ũ (-$.1,#2Ėũ ćđĒĒĉČďĎĈũ ĵũ ĉđĐĈćĈĎ
GJ@:FCF>FJ 2(!¢+.%.ēũ -$ēũćđĐďĒĎďČĊ 2(!¢+.% ũ +~-(! ēũ -$ēũ ĉČĐďĈĎĎũ ĵũ ćĒĈďĈĈĎćĎũ 2(!¢+.%.ũ -"4231( +ēũ -$ēũćđĐČČďĎĒĊũ
-%#-(#1.ũ .,#1!( +ēũ -$ēũ ĉČĎĉĒĎćũ ĵũ ćĒĎĒđĊćć -%#-(#1.ũ #-ũ ,/1#2 2ēũ -$ēũ ĉČĈĎĊĒćũ ĵũ ćđćďĈĈćĒć -%#-(#1.ũ .,#1!( +ı '.$#1ũ/1.$#2(.- +ēũ -$ēũćđČČĈČđĎć
154+ 1( ēũ -$ēũćĒĉĎĐććĈČ
%1#2 ".ũ -%#-(#1( ũ (5(+ũ -$ēĖũćĒĎĉďĒĈČĐũ ıćĒĎćČĊĊĒĊ
2(!¢+.%.ũ -"4231( +ēũ -$.1,#2ĖũĉđČďĈđČũ ĵũćĒĉĐđĊĉĎČ
-%#-(#1 ũ #-ũ #23(¢-ũ (- -!(#1 ēũ -$ēũ ćĒĎĐĈČĒđďũĵũĉČĎććĎć
234"( -3#ũ ćĒđććĒĈĎď
ũ -%#-(#1 ũ .,#1!( +Ėũ -$ēũũĉđćĎČĎĈ
"#ũ
2(!.+.%~ ēũ
-$ēũ
ũ -%#-(#1.ũ#-ũ"(2# .ũ -"4231( +ēũ(-$.1,#2ũ ĉČĈĉĈĈđĵćđĐćĉĎćĎĒ
11#%+.ũ! 2 2Ĕũ"#/ 13 ,#-3.2ũ4ũ.$(!(- 2Ĕũ 84" ũ8ũ!4(" ".ũ ũ "4+3.2ũ, 8.1#2ēũ -$Ėũ ćĒđĐĎĉđĈď
+#!31(!(23 ēũ -$ēũćĒĉĎđćĊćĒũ !'.$#1ũ /1.$#2(.- +ũ ĵũ 1# +(9.ũ 5( )#2ũ !.-ũ 5#'~!4+.ũ/1./(.ēũ -$ēũćđĊĈĈĐćĊĉ
(,/(#9 ũ"#ũ! 2 2Ĕũ"#/ 13 ,#-3.2Ĕũ.$(!(ı - 2ēũ -$.1,#2ĖũćĒćĊĊĎĈĐďũĵũĉĐĎČďĈĉēũ
#+#!31(!(23 ũ ĵũ , -3#-(,(#-3.ũ ĵēũ -$ēũ ćĒĒĎćĒĊĉćĉũũ
4(" ".ũ"#ũ -!( -.2ēũ -$ēũćĒđđćĎĊČćũ
ũ #-ũ +4,(-(.ũ 8ũ 5("1(.ēũ -$ēũ ĉđĉĊďĈĈũ ĵũ ćĒđĈĊĒĎĉĒ
4(" ".ũ"#ũ -!( -.2ēũ -$ēũćĒĉĐćĎĒČď
(,/(#9 ũ "#ũ .$(!(- 2ũ 8ũ ,#-2 )#1 ēũ -$ēũ ćĒĒćĉĉđĈĊũ 4(" ".ũ "#ũ -!( -.2ũ 8ũ -( .2ēũ -$ēũ ĉČĉĊĎćĊũ
(,/(#9 ũ "#ũ ! 2 Ĕũ .$(!(- 2ēũ -$ēũ ćđďĐďďĐĈćũĵũĉČĈĎČĎĊũ ,/+# " ũ".,_23(! ũćĒđđĒČďćĐ
#231.ũ#+#!31.,#!;-(!.ēũ .+" "41 ũ"#ũ 34 #1~ 2ũ ũ /1#2(¢-ēũ -$ēũ ũ ćĒĊćĎĊĈĒĉũ ĵũ ćđĈđĒĉĒĉďũ
M8I@FJ (-3.1ũ"#ũ 43.2Ĕũ24#+" Ĕũ31 ).ũ5 1(.2ēũ #++ĖũćđćĐĈČććĊ 2 )#ũ #1 /_43(!.ũ8ũ$+.1 +ũ/ 1 ũ" , 2ēũ -$ēũćĒĈČČĈĈĈć
ũ #!#2(3.ũ!.2#1ũ. 1 2ũ ũ+ ũ! 2 ũ++ , 1ũ ćĒĈĒĉćĈĉć
)#1 ũ ĵũ 5#-"#".1 ũ ĵũ 1#!#/!(.-(2ı 3 ēũ ũ ,#"(.ũ 3(#,/.ēũ -$ēũ ĉđĎĎćĈćũ ĵũ ćĒĉČĊĒĉďĎũ
:?F=<I<J
4 1"( ũ"#ũ #%41(" "ēũ -$ēũćĒđĉĉćđďČ
ũ '.$#1ũ/1.$#2(.- +Ĕũ+(!#-!( ũ ēũ -#).ũ "#ũ31;(+#1Ĕũũ -$ēũćĒĉĉďĎĐćď '.$#1ũ /1.$#2(.- +Ĕũ +(!#-!( ũ 3(/.ũ ēũ -$ēćĒĒĎĉĈđĒĐıćĒĒĎĉĈđĒĐēũũ '.$#1ũ /1.$#2(.- +Ĕũ +(!#-!( ũ 3(/.ũ ēũ -$ēũ ćĒĉČćĉĎĈĎũ
ũ #!1#3 1( ēũĉđČĒĉĐď
!'(++#1ũ 4~,(!.ũ (¢+.%.ēũ -$.1,#2ũ ćđĐĒĎĒćĉČĵćđĐĈĎďĒĎĒ
%1#2 ".ũ"#ũ ",(-(231 !(¢-ũ"#ũ ,/1#ı 2 2ēũ -$ēũćĒČđĎđĈĎĎēũ
%1#2 ".ũ "#ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũĉđĉĒČćĈĵćđĐĒđďĒďĉ
(!#-!( " ũ #-ũ 1 ).ũ .!( +ēũ -$ēũ ćĒĎďĐĎĈĉĉ
234"( -3#ũĐ,.ēũ #,#231#ũ"#ũ 1*#3(-%ēũ -$ēũćĒĎĎĊĊĈđĊ
47(+( 1ũ !.-3 +#ĵ 3#-!(¢-ũ +ũ !+(#-3#ũ -$ĖćđĐĐďďĉČć
!3 5.ũ2#,#231#ũ"#ũ -%#-(#1~ ũ#-ũ .-ı 3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũ ĉĐĎČĊČćũ ĵũ ćđĊČććďćĐ
ũ #!1#3 1( ũ (+(-%Õ#ēũ -$ēũĉđĎĉĊďć
2(23#-3#ũ #ũ #1#-!( Ĕũ 5#-3 2ēũ -$ēũ ćĒđĐČĊćĐĒũĵũĉđćĉČĊć
-%#-(#1 ũ .,#1!( +ũ !.-ũ #7/#1(#-ı !( ũ #-ũ !. 1 -9 2ēũ -$ēũ ćđČĎćĊďđČũ ĵũ ćđĐČćĐĈćČũ
.-3 ".1 ũ !'(++#1ēũ -$ēũćđČćĊĒđđĉ
ũ %1#2 ".ũ #-ũ 1*#3(-%ũ 8ũ #23(¢-ũ "#ũ
%#-3#ũ!423."(.ĵũ#2!.+3 ũ"#ũ2#%41(" "ēũ -$ēũćđđĈďćďĈĒ )#1.Ĕũ /#1!'#1.Ĕũ "(%(3 ".1Ĕũ 3#!-¢+.ı %.ũ #-ũ !.,/43 !(¢-ēũ -$ēũ ĉČĈđćĉďũ ĵũ ćđĊćĎđĊćĒ
(!#-!( " ũ#-ũ 41(2,.ũ (23¢1(!.ũ 4+34ı 1 +ēũ -$ēũćĒćĊĈĒĐČć
"#ũ
5#-3.2ēũ
-$ēũ
#!1#3 1( ũ )#!43(5 ũ (+(-%Õ#ēũ -$ēũ ćđĒĐđĈćđć 47(+( 1ũ "#ũ .$(!(- ũ ĵũ ,#-2 )#1.ēũ -$ēũ ćđĐĎĎĉĊďĈ %1#2 " ũ"#ũ+ ũ$ !4+3 "ũ"#ũ .-3 (+(" "ũ8ũ 4"(3.1~ ēũ -$ēũĉđĉđĐĐĊũĵũćĒĒĉďďĐĉĈ .-3 ".1 ı !'(++#1Ĕũ ũ,#"(.ũ3(#,/.ēũ -$ēũ ĉđĉćĊďđ .,4-(! !(¢-ũ .!( +ēũ -$ēũĉđĉďĒĉĉ #1 /( ũ ~2(! ēũ -$ēũĉČĈĐĐĉĒ 1*#3(-%ũ 8ũ #23(¢-ũ "#ũ #%.!(.2ēũ -$ēũ ćĒĉĐĈĈđĎĈ 234"( -3#ũ"#ũ"(2# .ēũ -$ēũćđČďđĉĉćĉ ũ %1#2 " ũ"#ũ 1*#3(-%ēũ -$ēũĉđĎĊďĐď ."#+.ũ/1.$#2(.- +ēũ .+.ũ!.-3 !3.2ũ/1.ı $#2(.- +#2ēũ -$ēũćđĐČćĊĊĎĈũ .,4-(! !(¢-ũ .!( +ēũ 1."4!!(¢-ũ1 "( +Ĕũ ,42(! +Ĕũ+.!4!(¢-Ĕũ2.-("(23 ēũ -$ēũĉČĉĊĎĊĒũ ĵũćĒĒćĒđĎĊĈē
(!ēũ .,4-(! !(¢-ũ .!( +ēũ -$ēũĉČĈĉćĒĊ .,4-(! ".1 ũ .!( +ēũ -$ēũ ćđĊććĎĒČĊũ ĵũĉđĉďĒĉĉ #!-¢+.% ũ#-ũ ",(-(231 !(¢-ũ"#ũ ,/1#ı 2 2ēũ -$ēũĉĐČĉĎĒĈũĵũćĒĉďĒđČČĎũ ũ #!;-(!.ũ(-"4231( +ēũ -$ēũćĒĎćĒĊĉćĉũ _!-(!.ũ#-ũ(-$.1,;3(! ēũ -$ēũćĒđđďĒĈćĊ
-$ēũĉĐĎĎććć
2(23#-3#ũ"#ũ.$(!(- ũ #+$ĖũćđČıĉĉĉıĉćĎ 2#15(!(.ũ "#ũ .1" ".2ēũ -$ēũ ĉČĉČćĐĈũ ĵũ ćĒđĈďćČĎĊũ %1#2 ".ũ #-ũ 1*#3(-%ũ 8ũ #23(¢-ũ "#ũ #%.!(.2ũ #+$ēũ ćĊĉČĈĉđćĊĵćđĐČČćĉďĎ !'(++#1ũ #-ũ ćĒĉĎĈĊĉĊĒũ
(-$.1, 3(! ēũ
-$ēũ
%1#2 ".ũ #-ũ -%#-(#1~ ũ #-ũ 1% -(ı 9 !(¢-ũ "#ũ ,/1#2 2ũ -$Ėũ ĉČĉĈĈďČĵũ ćđČĈđćČČČĵćđĈĊĐćČĊČ !'(++#1ũ #-ũ !.-3 (+(" "ēũ 7/#1(#-!( ũ #-ũ 5#-3 2ũ 8ũ 3#-!(¢-ũ +ũ !+(#-3#ēũ #+$Ėũ ćđĊĉĒĉČĐĊ
ũ %1#2 " ũ"#ũ .-3 (+(" "ũ8ũ 4"(3.1( ēũ -$ēũćđČďĈĎććĐĔũćĊĉđĉĒĎĒĐ
234"( -3#ũ-.5#-.ũ-(5#+ũ"#ũ ",(-(231 ı !(¢-ēũ -$ēũćĒĎĎĉďĉĈČ ,/+# ".ũ -! 1(.ũ!4 +04(#1ũ;1# ėũ!'.ı $#1ũ /1.$#2(.- +ũ #+$ēũ ćĒĎĒďĎČĊĐũ 8ũ ćĊũ ĉČĈćČČĉ #!#/!(.-(23 ēũ -$ēũ ćĒĒČćĊČĐĒũ ĵũ ćđĉďĎďĉČćũ 84" -3#ũ "#ũ !.!(- Ĕũ ! , 1#1.ēũ -$ēũ ćĒćČČČĎĒĐ ũ3#!-¢+.%.ũ#-ũ -;+(2(2ũ"#ũ (23#, 2ēũ -$ēũ ĉČĎĉĒĎČũĵũćđĊćĈĎďĈĉũ %1#2 " ũ"#ũ 41(2,.ũ!.-ũ,#-!(¢-ũ#!.ı +¢%(! ēũ -$ēũćđČĐĈĊďďĈũ (2# ".1ũ/4 +(!(3 1(.ēũ -$ēũćđČĎđČďĒđũũ
(!#-!( ".ũ #-ũ "4! !(¢-ũ , (#-ı 3 +ũ 8ũ !.341(2,.ēũ -$ēũ ćĒđđĎđđĊćũ ĵũ ĉđČĉĊĈćũ %1#2 ".ũ"#ũ 1% -(9 !(¢-ũ"#ũ ,/1#2 2ēũ -$ēũĉĎĉĈćĐĒũĵũćđĐĉĐďĈĐć (-3.1ũ /1.$#2(.- +ũ "#ũ ! 2 2ũ /(-341 ũ "#!.1 3(5! ũ #-ũ %#-#1 +ũ % 1 -3(9 ".ēũ ćĒĒćĈĉĊĈć ũ (!#-!( ".ũ #-ũ "4! !(¢-ũ , (#-ı 3 +ũ 8ũ !.341(2,.ēũ -$ēũ ĉđČĉĊĈćũ ĵũ ćĒđđĎđđĊć #!1#3 1( ēũ -$ēũĉđĎĎćĈćũĵũćĒĉČĊĒĉďĎ ũ %1#2 ".ũ "#ũ 1% -(9 !(¢-ũ "#ũ ,/1#ı 2 2ēũ -$ēũćđĐĉĐďĈĐćũĵũĉĎĉĈćĐĒ ũ %1#2 " ũ "#ũ 1% -(9 !(¢-ũ "#ũ ,/1#ı 2 2ēũ -$ēũćĒđĉĉČĐĈČ %1#2 ".ũ "#ũ 1% -(9 !(¢-ũ "#ũ ,/1#ı 2 2ēũ -$ēũćđĒČďđďĒĊũĵũĉĐĎČĐČĈ #!1#3 1( ũ (+(-%Õ#ũ ĵũ /1.$#2.1 ũ "#ũ (-%+#2ēũ -$ēũćđĐđĉďćĉĈ #!1#3 1( ēũ -$ēũĉČĈďćČĈũĵũćđČĉĐďĈĐČũ /+//-
M<E;<;FI<J #-"#".1ēũ -$ēũćĊĉČĈĎĊČĉũĵũćĒĎđĈĐďĒĉ
9@<E<J I8@:<J ũ ēũĈČĊ,ĉũ!.-2314!ı !(¢-ũ/1#!(.ũ ũ!.-5#-(1ũ (!#-3(- ũ (9 11.ũ Ĉďďũ8ũ .13#9ēũ #+$ĖũĉđĉĊĈĊĉıćđĎČďĉĊĐĊũ ĸ, 1ēĈćũŇĒďďĒćĹ ēũ #-".ũ+.3#ũ"#ũČĊĎć,ĉũ -$Ėũ ĉČĉćĐĊČıũ ćĒČĎďĉČĊđĸ 19ēũ ĈćŇĒďĊĒđĹ ũ ēũ -ũ 3#11#-.ũ "#ũ ĊćĊ,3ĉĔũ 41 -(9 !(¢-ũ #1./4#13.ũ ' !'4;-ēũ .-.ĖćĒĐĎĒďĐććēũĸ 1ēĈĎũŇĒďđďĉĹ ũ ũ -4#5 ũ #-ũ 4 !'(ũ ũ %" +#- ēũ 1!.2 ēũ ćđČĐćĈĊĎďĸ 1ũ ĈĎũŇĒďđĐćĹ ũ ēũ 3#11#-.ũ ĊćĎ,ĉũ #1! ũ"#ũ+ ũ -(5#12(" "ũ _!-(! ũ 8ũ 5ēũ +ũ ¢-".1ēũ + , 1ũ2.+.ũ(-3#1#2 ".2ũ /'.-#ēũćĒĒĐďćĎĒđũĸ, 1ĉĉũŇĒďĒĊďĹ
8II@<E;FJ ēũ #/ 13 ,#-3.ũĉũ".1,(3.ı 1(.2ũ#7!#+#-3#2ũ!.-"(!(.-#2ũ ++#ũ .+~5 1ũ 8ũ 23(++.ēũ +3.2ēũ %#-!( ũ"#ũ ( )#2ũ 1.ı 2#ēũ #+$ēũ ĉČďĈćĎĉıũ ćĒđĎČĈđĊďũ ĸ 1ēũ ĈćũŇĒďĎĎĎĹ
ũ .$(!(- ũ Ċ#1ũ /(2.Ĕũ 434 +(2ı 3 ũ , 3.ũ ĸĊćČĹũ #+$ēũ ćĒČćĊďćĉĉĵũ ĉČĉďđČďũĸ 1ũĈćũŇĒďĎćďĹũ
ũ "#/ 13 ,#-3.ũ !.-ũ 3.".2ũ
+.2ũ 2#15(!(.2ũ -% '41!.ũ ).ēũ 4-3.ũ ũũ 1, !( ũ 2/ ũ #-31 " ũ ũ + 2ũ ( 2ũ ĸ 19ēĈĈũŇĒďđĒĐĹ ũ ēũ #/ 13 ,#-3.ũ#-ũ 4(3.Ĕũ #-ũ+ ũďũ"#ũ"(!(#, 1#ũ8ũ ~.ũ .! Ĕũ .11#2ũ "#ũ -ũ 2("1.ēũ #+$ēũćĒĒćĉďĒĒĉē
<DGC<FJ ēũ #!#2(3 ũ 4-ũ #,/+# ı ".ũ !'(++#1ũ / 1 ũ 3#-"#1ũ #-ũ +, !_-ũ /1#2#-3 1ũ".!4,#-3.2ũ#-ũ+ ũ 5ēũ +ũ #8ũ 8ũ 4(2/(! !' ũ $.-.ũ ćđČĐćĒćĈďũ ĸ 1ēũ ĈĎũŇĒďđČđĹ #ũ-#!#2(3 ũ 2#2.1ũ .,#1!( +ēũ -5( 1ũ .) ũ "#ũ (" ũ ũ2 ,/1.)#!3ľ'.3, (+ē!.,ũ
ćđĎĎĎđćĎĎũ ĵũ 2#15(#7/1#22 , 3.ľ' .3, (+ē!.,ũ
#!#2(3.Ėũ 84" -3#ũ "#ũ !.!(- ēũ -$ēũ ĉđĉĎČďĊũĵũćĒĉČďđČďđũŇĒĎĈđĎ
4#5 ũ .23#1~ ũ 4 (! " ũ #-ũ ~.ũ #1"#ũ 1#04(#1#ũ "#ũ -%#-(#1 ũ #-ũ 41(2,.ũ 8ũ .3#+#1 ēũ -$.1,#2Ėũ /"41 -ľ!!.,#1!(. , 3.ē.1%ē#!ũ ĵũ ćđČďĊĐĈĉĉũ
.-"4!!(¢-Ĕũ /#1$#!!(.- ,(#-3.ũ .ũ /1#-"(9 )#ēũ -$ēũćĒĒĎďĈćČČŇĒĎĈđĎ
#!#2(3.ũ5#-"#".1#2ũĸ 2Ĺēũ -$ēũĉČĉĉđđđũ
-31#- ".1ũ /#12.- +Ĕũ $(3-#22Ĕũ 43.ı
ĵũćđĐĐĈďĉĒćũ
../#1 3(5 ũ"#ũ '.11.ũ8ũ 1_"(3.ũ-#!#ı
#ũ5#-"#ũ3 7(ũ!.-ũ !!(.-#2ũ8ũ"#1#!'.2ēũ -$ēũćĒĒćđČĈĐđũĵũĉČĉćđĐĎũ "#$#-2 Ĕũ /1.3#!!(¢-ũ /#12.- +ēũ -$ēũ ćĒĒĎďĈćČČũĸŇĒĎĈđĎĹ
2(3 ũ $(!( +ũ"#ũ -5#12(.-#2ũ!.-ũ#7/#1(#-ı !( ēũ -$ēũ/"41 -ľ!!.,#1!(. , 3.ē.1%ē #!ũ #+$ēũĉđĉĉĊđĒũĵũćĒćđĒĉĊćĐũ
#!#2(3.Ėũ 84" -3#ũ "#ũ !.!(- ēũ -$ēũ
ũ #!#2(3 ũ .5#-ũ !'(++#1ũ
5#'~!4+.2ēũ -$ēũ ćđČďĈĒĊćČũ ĵũ ĉČĉĎćđćũ ŇĒĎĈđĎũ
/1#2#-3 +#ēũ24#+".ũ ;2(!.Ĕũũ .+~5 1ũČıĉĎũ8ũ -(" "ũ !(.- +ēĸ 1ēĈćũũŇĒďĈĎđĹ
1#23(%(.2 ũ!+(-(! ũ-#!#2(3 ũ#-$#1,#1 2ũ 3(34+ " 2ũ8ũ 47(+( 1#2ēũ -$ēũćĒđćĈďĊđĊũĵũ /"41 -ľ!!.,#1!(. , 3.ē.1%ē#!
ũ ũ ũ"#ũ5#-3 2Ĕũ 4#- ũ /1#!#-!( Ĕũ #"4! !(¢-ũ 24/#1(.1Ĕũ .$1#!#,.2ũ 4#- ũ 1#,4-#1 !(¢-ēũ -$Ėũ 4(3.ũćĉıČĎũ#-31#ũ .! $4#13#ũ8ũ .+~5 1ũ ŇĒĎĈđĎ
,/1#2 ũ /1.5##".1 ũ "#ũ /1."4!3.2ũ "#ũ +(,/(#9 ũ -#!#2(3 ũ 5#-"#".1#2ēũ -$ēũ
(/.3#1 /( ĈĔũ -!'.ũ 5#-341 ēũ -$ēũ ćĒĒĎďĈćČČũŇĒĎĈđĎ
ĉđĉĎČďĊũĵũćĒĉČďđČďđũŇĒĎĈđĎ
#!#2(3.ũ 5#-"#".1ũ "#ũ !!#2.1(.2ũ "#ũ
ũ ũ"#ũ+.2ũ2#15(!(.2ũ"#ũ+(,/(#9 ũ /4#13 2ũ "#-31.Ĕũ".!4,#-3.2ũ#-ũ1#%+ ũ8ũ 1#$#1#-!( 2ũ/#12.- +#2ēũ -$ĖũćĒđČĒĎĊĐČũ ŇĒĎĈđĎ 42!.ũ #,/+#.Ėũ 47(+( 1ũ .-3 +#ēũ -$ēũ ćĒĒćĒďĈĉČũũŇŇĒĎĈđĎ
āăŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏŏ
ũ #23(+(23 ũ !.-ũ #7/#1(#-!( ũ 8ũ
"#2#.2ũ"#ũ24/#1 !(¢-ũ -$Ėũ 4!1#ũ8ũ 4(3.ũ +3.2ũ /3(! ũ 404#ũ #+$Ėũ ĉđĉĐĈďĉũ ıũ ćĒĎĒćĊĈĒĉũũŇĒĎĈđĎ
#ũ-#!#2(3 ũ -%#-(#1.ũ %1¢-.,.Ĕũ .-ı
3 ".1 Ĕũ 2(23#-3#ũ"#ũ ."#% ēũ -$ēũ 5ēũĈĉũ"#ũ .5(#, 1#ũćĒĎĎũ8ũ ., 2ũ #5(++ ē
#ũ -#!#2(3 ũ 5#-"#".1#2ũ 8ũ (2(3 ı ".1#2ũ ũ _"(!.2ēũ -$ēũ ĉČĐćĒđČũ ĵũ 1#!412.2'4, -.2ľ0 1(23.-ē!.,ũ ũ 1 ũ !.!(- 1ũ 8ũ 11#%+.ũ "#ũ ! 2 ēũ ,(+( ũ !.13 ũ #-ũ $(!. ēũ #+$Ėũ ĉČďćĎĒđũ8ũĉđĉĊČČČũĸŇũĒĎĒĐČĹ
āĆ
E<>F:@FJ M8I@FJ Ĕũ 1#/ 1 !(¢-ũ "#ũ ! +#ı
$.-#2Ĕũ "4!' 2Ĕũ ,#9!+ ".1 2Ĕũ ".,(-%.ũ ũ".,(-%.ēũ 5.1ũ++ , 1ĖũćđďĉĒćĒđČıũ ćđĐĊĒĊĉđđũũŇĒĎĈđĎ
ũ ũũ4- ũ,;04(- ũ#+ 23(! ".1 ũ (-"4231( +ũ ĸ#+;23(!.ũ 5(23.ũ 8ũ 1#!4 (#13.Ĺũ , 1! ũ (14 ēũ -$Ėũ ćĒđĊČććĈĐĵũ ĉı đĎČĊĐĈũũŇĒĎĈđĎ ũ Ĕũ ) 1ũ "#ũ /#2.Ĕũ -3(231#22ũ #+ 7Ĕũ #-31#- ,(#-3.ũ /#12.- +(9 ".Ĕũ/1#/ 1 !(¢-ũ$~2(! ũ /+(! ı " ũ/ 1 ũ3.".ũ"#/.13#ēũĸ Ĺũũ ũ".,(!(+(.ēũćĊĉČĉĊĎĎĊĵćĒĎĒĈĊĎĉĊĵć đĐĐĊĎćďĈēũĸ 1ēũĈĎũŇĒďđďđĹ
ũ
625'(5$
" " ! % " ! $ " # " " ! #" '" ! ! ! ! ! " ! # * ) !
/+/((
'U 'LHJR 7RUUHV 5
+25$5,2 '( $7(1&,Ð1 0$57(6 SP D SP 0,(5&2/(6 DP D DP
75(6 -8$1(6 3/$=$ )LFRD /DV 3DOPDV ! ! " * ! ( ! " "!& !
'LU (GLILFLR 0XWXDOLVWD $PEDWR &DOOH 0HUD \ &HYDOORV HQWUDGD SRU OD FDOOH 0HUD
WR SLVR 2I 7HOpIRQR /,+-+
'5 &$5/26 5 52'5Ì*8(= /2=$'$
&,58*,$ %$5,$75,&$ /$3$526&23,&$ 2%(6,'$'
&,58*,$ /$3$526&23,&$ (1)(50('$'(6 '(
/,.(+
',5(&&,21 7RPiV 6HYLOOD \ &ROyQ 7HOI ([W
:H$ H7KB ?D97 7D:?DE
C;:?9E 9BÞD?9E D;<HEBE=E 9KHIEI ;D 9>?B; # KHK=K7O # 9K87 # 8H7I?B ;IF;9?7B?IJ7 ;D ;D<;HC;:7:;I :;B H?yâD" LÞ7I KH?D7H?7I" >?F;HJ;DI?âD 7HJ;H?7B" :?78;J;I " :?ÛB?I?I $
/,/&+
>EH7H?E0 '(^&& W '+^&&$ H?E87C870 9WhWXeXe '&#(( o / Z[ EYjkXh[$ J[b\i0 (/,+'/' >EH7H?E0 '-^&& W (&^&&
8WUMZIVQW AWZS[PQZM \MZZQMZ ;PQP \b] 8QVKPMZ *MIOTM
!
9EDIKBJ7 FH;L?7 9?J7 7B 9;B &// .'/..-$ FEHJ70 &/'(++,/-
7C87JE0 9Wij_bbe &-#(/ ;Z_\_Y_e Jehh[iYe [djh[ @kWd 8[d_]de L[bW o '( Z[ Del_[cXh[" Yedikbjeh_e B#+ fbWdjW XW`W$
/,,(,
/,./,
ũ
/,.-,
+7584-27 *)4+76 ,-4 :17 /,./)
F_iY_dW j[cf[hWZW# iWkdW# jkhYe" ^_ZhecWiW`[#iWb d Z[ h[Y[fY_ed[i# XWh aWhWea[#\ jXeb fWdjWbbW ]_]Wdj[$ 7J;D9?ED0 L_[hd[i o I|XWZe (fc W '&fc :ec_d]e '&Wc W . fc$ 9ZbW$ 9Wi^WfWcXW fWiWdZe Wdj_]ke YWcWb o%e XeZ[]Wi Z[b ckd_Y_f_e$ 9Wb_ XW`W &'#', (.((/)&
/,('+ /,.-+
;ij j_YW ?dj[]hWb C?C7 Ä J;
&/,1,&$ ´6$1 /8,6µ $7(1&,21 3(50$1(17( 35(&,26 02',&26
*,1(&2/2*,$
&,58*,$ /$3$526&23,&$ 2%67(75,&,$ < *(1(5$/ (QIHUPHGDGHV GH OD +HUQLDV 9HVtFXOD $SpQGLFH PXMHU SODQLILFDFLyQ 3UyVWDWD +HPRUURLGHV IDPLOLDU FRQWURO GHO 7HVWtFXORV QR GHVFHQGLGRV HPEDUD]R SDUWRV &,58*,$ (67(7,&$ < FHViUHDV OLJDGXUDV 5(&216758&7,9$ KLVWHUHFWRPtD GHVFHQVR 1DUL] VHQRV DEGRPHQ OLSRVXFFLyQ FLFDWULFHV GH YHMLJD OXQDUHV \ YHUUXJDV 'U /XLV ) &D]DU 0 SODVWLD YDJLQDO /,(+/
&DOOH -XDQ % 9HOD HQWUH *XD\DTXLO \ 4XLWR 7HOI FHO
Feh j[cfehWZW \[ij_lW e\h[Y[ kd (& Z[ Z[iYk[dje [d jeZei iki jhWjWc_[djei0 9ehfehWb[i0 H[ZkYY_ d Z[ f[ie o c[Z_ZWi feh iebe )"+& Z_Wh_ei$ 9ed c jeZei dWjkhWb[i" i_d Z_[jWi i_d _do[YY_ed[i d_ fWij_bbWi <WY_Wb[i0 H[`kl[d[Y_c_[dje \WY_Wb" WYd " b_cf_[pWi$ 7Z[c|i0 ;b[Yjhe WYkfkdjkhW o Z_W]d ij_Ye Z[ iWbkZ$ 7j[dY_ d Fhe\[i_edWb0 c Z_Ye dkjh_Y_ed_ijW
/,+&'
:_h[YY_ d0 CedjWble &+#'' o IkYh[ ;Z$ 9^_Ye E\$0 '+ >ehWh_e0 Bkd[i W L_[hd[i /0)& Ä '(0)& )0&& Ä '.0)& I|XWZe0 Fh[l_W Y_jW J[b \ede0 &)(*('/-' Y[b0 &/&/'/)-&
/,)+.
/,(,/
/+./+
āć
5IZQIKPQ )+)8=4+7
āăŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
." ũ+ ũ(-$.1, !(¢-ũ)4"(!( +ũ#-Ė 666ē"#1#!'.#!4 ".1ē!.,
5IUn \M LWa MV ^QLI IUWZ a KIVKQWVM[ XWZY]M LM U]MZ\I XIZI Y]M \IV\I[ NTWZM[
+-4=4): !! /,)/(
H;I?:;D9?7 ;IJK:?7DJ?B ;9EJH79A;HI
/,)),
+WV 2]IV /IJZQMT MK]I\WZQIVW )UWZ M\MZVW
."3*"$)*
&5,6723+(5 52<
7L$ 9EBâD )&) O J7C7OE
+DJR UHJUHVDU DO VHU DPDGR HQ KRUDV DPRURVR FDULxRVR \ WLHUQR D \ SDUD WRGD OD YLGD
$5 FF
(;3(572 (1 $0$55(6 '( $025
/(&785$ '( &$57$6 2 7$527+
@KDJE 7B >EIF?J7B 8797 EHJÞP$ >78?J79?ED;I 9ED 87yE FH?L7:E" 7CE8B7:7I" 7=K7 97B?;DJ;" ?DJ;HD;J" 9E9?D7" 9EC;:EH O 87yE 9ECF7HJ?:EI$ <H;DJ; 7 B7 K:B7" 9;H97 KD?L;HI?:7:;I 97JâB?97" K$ 9;DJH7B" FEB?Jx9D?97" KD?L;HI?:7: I7B;I?7D7
$5 FF
9LVtWDPH R OOiPDPH HQ HVWH PRPHQWR TXH UHDOL]R WX DPDUUH
L;D:E F;GK;y7 ;CFH;I7 FHE:K9JEH7 :; 8;8?:7I" ;DL7I7:7I ;D B7C?D7I :; FEB?;J?B;DE 8?EH?;DJ7:E J;B<$0 (.()&,-# &//-&.,*( /,/)*
6( 1(&(6,7$ &8,'$'25 &RQVWUXFFLyQ DYDQ]DGD HQ )LFRD /DV 3DOPDV 3DUHMD VLQ QLxRV SUHIHULEOH 7UDHU UHFRPHQGDFLRQHV SHUVRQDOHV H LGHQWLILFDFLyQ RULJLQDOHV /,.(+
D;9;I?JE 9>E<;H
D[Y[i_je YedjhWjWh
9EDJ7:EH7 9F7
Yed [nf[h_[dY_W _dj[h[iWZWi Z[`Wh ik ^e`W Z[ l_ZW [d 7l$ ;b 9 dZeh o Bei 7j_i Z_W]edWb W BkXh_YWZehW Ieb i J[b \ede &)(.+)&*/% &//*&),-(
/,/).
IFEHJC7D >7IJ7 (. 7yEI" 9ED :;I;EI :; JH787@7H H;IFEDI78B;C;DJ; O B; =KIJ; L;D:;H$ FH;I;DJ7H 97HF;J7 9ED H;<;H;D9?7I O ) H;9EC;D:79?ED;I$ EBC;:E (#.) O 97IJ?BBE$ J;B<0 (.()&,-% &//-&.,*( /,/)*
/*,/(
/+./*
+25$ 352*5$0$
+25$ 352*5$0$
+
79DQXQFLRV
+
6~SHU)LOPV
+
0LQXWRV
+
&HOXORLGH
+
,QIRPHUFLDO
+
79DQXQFLRV
+
&RRIHUWDV
+
+LSHUDFWLYR
+
,QIRPHUFLDO
+
1RWLFLHUR 5HJLRQDO
+
3LQN\ \ &HUHEUR
+
5HVXPHQ 6HPDQDO 15
+
,QIRPHUFLDO
+
3XHUWD *UDQGH
+
'RPLQJRV HQ )DPLOLD
+
,QIRPHUFLDO
+
3HNH &LQHPD
+
8QLGRV DO *ULWR GHO 5RFN
+
79DQXQFLRV
+
79DQXQFLRV
+
867Y )RONORUH
+
&LHUUH
ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ēı #-31.ũ "#+ũ )4(!(.ũ #2/#!( +ũ "#ũ (-5#-3 1(.2ũ 2#%4(".ũ /.1ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ 2#ũ ' ũ "(2/4#23.ũ !(3 1ũ /.1ũ + ũ /1#-2 ũ /.1ũ "#2!.-.!#1ũ + ũ 1#2("#-!( ũ .ũ ".,(!(+(.ũ "#ũ +.2ũ "#, -" ".2ũ"#ũ!.-$.1,(" "ũ!.-ũ+.ũ04#ũ"(2/.-#ũ #+ũ 13ēũ đĉũ "#+ũ ¢"(%.ũ "#ũ 1.!#"(,(#-3.ũ (5(+ũ 2#ũ +#2ũ' !#ũ2 #1ēı
Ĕũ ũ ũ ũ ũ ũ ũ ũ ĔũđďĈıĉćĈć ũ ũ Ĕũ
Ĕũ Ĕũ ũ ũ ũ Ĕũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ
Ĕũ ēũ ũ
ũ Ĕũ
ũ ũ ũ ũ ũ ũ ēũ ũ , 3.Ĕũ )4#5#2ũ Ĉďũ "#ũ "(!(#,ı 1#ũ "#+ũ ĉćĈćĔũ + 2ũ ĈĎ'ĉćēũ ũ Ėũ ũ "#, -" ũ /1#2#-3 " ũ /.1ũ ũ ũ ũ Ĕũ ũ ũ ũ ũ8ũ ũ ũ ũ ũ #2ũ!+ 1 ũ8ũ1#Ì-#ũ+.2ũ1#04(2(3.2ũ"#ũ+#8Ĕũ8ũ!.,.ũ!.-ũ + ũ!./( ũ!#13($(! " ũ"#ũ+ ũ/ 13(" ũ"#ũ"#$4-!(¢-ũ"#ũ ũ ũ ũ ũ04#ũ2#ũ ' ũ/1#2#-3 ".Ĕũ2#ũ' ũ)423($(! ".ũ24ũ$ ++#!(,(#-3.ēũũ #ũ"#!+ 1 ũ (#13 ũ+ ũ24!#2(¢-ũ'#1#"(3 1( ũ"#ũ+.2ũ (#-#2ũ "#) ".2ũ /.1ũ + ũ $ ++#!(" ēũ ũ 1.!_" 2#ũ ũ + ũ $ !!(¢-ũ"#ũ(-5#-3 1(.2ũ8ũ 5 +Ì.ũ"#ũ+.2ũ (#-#2Ĕũ!.-ũ + ũ !.-!411#-!( ũ "#ũ +.2ũ '#1#"#1.2ũ #ũ (-3#1#2 ".2ũ #-ũ + ũ 24!#2(¢-ũ 8ũ "#+ũ /#1(3.ũ 04#ũ ./.134- ,#-3#ũ 2#ũ -., 1 1;ēũ ũ ~3#2#ũ ũ ũ ũ ũ Ĕũ #-ũ #+ũ +4% 1ũ 04#ũ 2#ũ (-"(! ũ 8ũ ũ +.2ũ /1#24-3.2ũ 8ũ "#2!.-.!(".2ũ '#1#"#1.2ũ "#ũ + ũ ! 42 -3#Ĕũ ũ ũ ũ ũũ!.-ũ+ ũ"#, -" Ĕũ#-ũ$.1, ũ#731 !3 ı " ũ8ũ#23 ũ/1.5("#-!( Ĕũ,#"( -3#ũ31#2ũ/4 +(! !(.ı -#2Ĕũ#-ũ4-.ũ"#ũ+.2ũ"( 1(.2ũ04#ũ2#ũ#"(3 -ũ#-ũ#23 ũ !(4" "ũ "#ũ , 3.ũ "#ũ !.-$.1,(" "ũ !.-ũ #+ũ 13ēũ đĉũ"#+ũ ¢"(%.ũ"#ũ 1.!#"(,(#-3.ũ (5(+ēũ -2!1~ 2#ũ + ũ "#, -" ũ #-ũ #+ũ #%(231.ũ "#ũ + ũ 1./(#" "ũ "#+ũ ! -3¢-ũ , 3.Ĕũ / 1 ũ +.ũ !4 +Ĕũ 2#ũ -.3($(! 1;ũ ũ 24ũ 3(34+ 1ēũũ 4_-3#2#ũ!.-ũ#+ũ2# .1ũ +! +"#ũ -3.- +ũ 8ũ 1.!41 ".1ũ ~-"(!.ũ"#+ũ ēũ 4-(!(/(.ũ"#ũ , 3.Ĕũ !(3;-".2#+#2ũ #-ũ 242ũ "#2/ !'.2ũ /.1ũ (-3#1,#"(.ũ "#ũ 4-.ũ "#ũ +.2ũ 2# .1#2ũ !(3 ".1#2ũ "#ũ + ũ .13#ũ 1.5(-!( +ũ"#ũ 423(!( ũ"#ũ 4-%41 '4 ēũũ #2(%- 2#ũ #-ũ ! +(" "ũ "#ũ 1.!41 ".1ũ .,Ì-ũ "#ũ +.2ũ !3.1#2ũ ũ + ũ 2# .1 ũ -!8ũ +(9 #3'ũ , %4 8 ũ (#1 ēũũ %1_%4#2#ũ + ũ ".!4,#-3 !(¢-ũ ")4-3 ēũ ũ _-% 2#ũ #-ũ !4#-3 ũ #+ũ ! 2(++#1.ũ )4"(!( +ũ 2# + ".ũ / 1 ũ 242ũ -.3($(! !(.-#2ũ 8ũ + ũ 43.1(9 !(¢-ũ 04#ũ !.-$(#ı 1#-ũ ũ 24ũ "#$#-2.1 ēũ ũ ~3#2#ũ 8ũ -.3($~04#2#ēıũ 1ēũ
4(2ũ (++ !~2ũ -2#!.ıũ 4#9ũ #73.ũ "#ũ +.ũ (5(+ũ "#ũ 4-%41 '4 Ĕũ #13($(! ũ #+ũ #!1#3 1(.ũ $Ĺũ 1ēũ .1%#ũ 11(++.ũ ē
.ũ 04#ũ !(3.ũ ũ 423#"#2ũ / 1 ũ +.2ũ $(-#2ũ +#% +#2Ĕũ /1#5(-(_-".+#2ũ "#ũ + ũ . +(% !(¢-ũ 04#ũ 3(#-#-ũ "#ũ 2# + 1ũ ! 2(++#1.ũ )4"(!( +ũ / 1 ũ 242ũ $4341 2ũ -.3(ı $(! !(.-#2ēı , 3.Ĕũ 19.ũĒũ"#+ũĉćĈćēı (1, ũ +#%( +#ũ ēũ ũ
ũ ē 8ũ4-ũ2#++. ĈĒĊČĊĵĒďđďď
ũ .,4-(! ũ +ũ /Ì +(!.ũ + ũ -4+ !(¢-ũ "#ũ + ũ +( 1#3 ũ "#ũ '.11.2ũ .ēũ ČćĉĐĊďđČũ /#13#-#!(#-3#ũ +ũ 1ũ ĸ Ĺũ ũ ũ ũ ũ ũ ġ ũ ũ ũ ũ Ģ 04(#-ũ2#ũ!.-2("#1#ũ!.-ũ"#1#!'.ũ/4#"#ũ1#!+ , 1ı + ũ#-ũ4-ũ/+ 9.ũ"#ũĈĉũ"~ 2Ĕũ/.23#1(.1#2ũ ũ+ ũÌ+3(, ũ /4 +(! !(¢-ũ "#ũ #23#ũ 5(2.Ĕũ ! 2.ũ !.-31 1(.ũ "(!'.ũ ".!4,#-3.ũ04#" 1;ũ -4+ ".ũ2(-ũ1#2/.-2 (+(" "ũ "#+ũ#,(2.1ē ũ ŇĒďďČď 44
ũ ũ ũ ũ ũ ġ Ģũ ũ .1ũ /_1"(" ũ 5 ũ -4+ 12#ũ + ũ +( 1#3 ũ "#ũ '.11.2ũ Œũ ĎČĊćĔũ #7/#"(" ũ /.1ũ + ũ ../#1 3(5 ũ "#ũ '.11.ũ 8ũ 1_"(3.ũ ġ Ģũ 3" ēĔũ ũ $ 5.1ũ "#Ėũ ũ ũ ũ 4(#-ũ !1# ũ 3#-#1ũ "#1#!'.ũ 2. 1#ũ "(!' ũ +( 1#3 ėũ 1#!+ ,#ũ#-ũ#+ũ3_1,(-.ũ"#ũĊũ"~ 2Ĕũ!.-3 ".2ũ"#2"#ũ + ũ$#!' ũ"#ũ/4 +(! !(¢-ũ"#ũ#23#ũ 5(2.ē , 3.ĔũĈćũ"#ũ, 19.ũ"#ũĉćĈĈ
ũ ŇĒďĒĈĒ 44
ũ ũ #ũ!.,4-(! ũ +ũ/Ì +(!.Ĕũ+ ũ 23#-!(¢-ũ +ũ %.ũ/.1ũ /#1"(" ũ"#ũ+.2ũ!'#04#2ũ .ēũĊĎũ +ũĊďĔũďĊũ +ũĐćĔĐĊũ +ũĐĎĔĐĐũ +ũĐĒĔũĈĈĈũ2(-ũ$(1, ũ8ũ2(-ũ5 +.1ũ/1#2#-3 " ũ /.1ũ #+ũ %(1 ".1ũ ũ Ĕũ ũ Ĕũ 3 ēũ 3#ēũ .ēũĈĉćĎćĈĉĒĐĐē ũ ē ŇĒďĒĉć 44
ũ ũ #ũ !.,4-(! ũ +ũ /Ì +(!.Ĕũ + ũ 23#-!(¢-ũ +ũ %.ũ /.1ũ /#1"(" ũ "#ũ +.2ũ !'#04#2ũ .ēũ ĈĈĊũ +ũ ĈĉćĔũ Ĉĉđũ +ũ ĈĊĎũ 2(-ũ $(1, ũ 8ũ 2(-ũ 5 +.1ũ /1#2#-3 " ũ /.1ũ #+ũ %(1 ".1ũ ũ ũ ũ Ĕũ 3 ēũ 3#ēũ .ēũĈĉćĎćĈĉĒĐĐē ũ ē ŇĒďĒĉĈ
. . ŋ -./0)ŋ*, - (. ŋ )(ŋ-/ŋ && 4 ŋ (ŋ& ŋ
ũ1#(- ũ/ 2¢ũ2.ı 1#ũ#+ũ! 11.ũ +#%¢ı 1(!.ũġ +ũ ++#ũ"#ũ+ 2ũ .1,(% 2ēēēēũ 3 ı 3#ũ#,/1#-"#".1Ģē BW X[bb[pW Z[ bW ck`[h fWjWj[ W i[ ^_pe fh[i[dj[ [d [b :[iÒ b[ Z[ bW 9ed\hWj[hd_ZWZ Z[ bW <_[ijW Z[ bW <hkjW o Z[ bWi <beh[i <<< " W jhWl i Z[ ik h[fh[i[djWdj[ 9h_ij_# dW 9kdWcW$ BW h[_dW ^_pe ik fWie ]WbWdj[ ieXh[ [b YWhhe Wb[] h_Ye Z[dec_dWZe Æ;b LWbb[ Z[ bWi >eh# c_]Wi$$$$kd FWjWj[ [cfh[dZ[ZehÇ" Ykoe Z_i[ e \k[ h[Wb_pWZe feh 9[# Y_b_W IWb_dWi o bW Z[YehWY_ d Z[b Whj_ijW beYWb =_elWdd_ Ceigk[hW$
āăŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
>L<N>E: => ?HKF:<BHG => LHE=:=HL
O>G<>=HK>L =>E <>G>I:
6
5
8 8 8
6
¡ ēũ 1(23(- ũ 4- , Ĕũ1#(- ũ"#ũ 3 3#Ĕũ#-ũ#+ũ"#2ăũ+#ũ"#ũ+ ũ (#23 ũ "#ũ+ ũ 143 ũ8ũ"#ũ+ 2ũ +.1#2ũĉćĈĈē
;b i_]d_Ò YWZe Z[ bW Wb[]eh W Z[b l[^ Ykbe" gk[ j[d W W Zei ^ehc_# ]Wi YWdjWdj[i [d c[Z_e Z[ Ó eh[i o \hkjWi" \k[ WfbWkZ_Ze feh c_# b[i Z[ jkh_ijWi$ 7Z[c|i" [b YWhhe Wb[] h_Ye [ijkle YWhWYj[h_pWZe
feh Zei ^ehc_]Wi jhWXW`WZehWi o eXh[hWi Yece bW ][dj[ Z[ [ij[ YWdj d" o lWh_Wi \hkjWi Z[ bW beYW# b_ZWZ" Wgk[bbWi gk[ YWkj_lWhed bWi c_hWZWi Z[ gk_[d[i i[ Z_[hed Y_jW [d [ij[ ckbj_jkZ_dWh_e [l[dje$
7
%#%-#(9+ $% #!/-%1!0 '!01! $% *!/3, 4#(+! $% !)%+1, 2*!+, 0&,/0% 3!*"! 0%#1,/ %) (0.2% * ŇĒďĒĈĉ
ŇĒďĒĈĉ
1*0 !" ") 0"/ !" ( *&2"./&! ! 6 *& !" ) 0+ "* 1),(&)&"*0+ (+ /0 (" &!+ "* "( .07 1(+ !"( "$( )"*0+ "*". ( 1/0&010&2+ , . "( *"'+ 3 !)&*&/0. &8* !" &"*"/ !"( " 0+. 9 (& + +)1*& ( ,9 (& + "* $"*". ( -1" /" "* 1"*0. * &*0"."/ !+/ "* ." (&4 . ( "* '"* &8* )"!& *0" +* 1./+ !" #".0 / "* + ." ".. !+ !" /&"0" 2"%7 1(+/ !" /1 ,.+,&"! ! + ." ( /" !" (+ !&/,1"/0+ "* (+/ .07 1(+/ 3 !"( "$( )"*0+ &!7!") ( !&(&$"* & !" .") 0" -1" /" ." (&4 .5 /".5 '+ (+/ /&$1&"*0"/ +*/&!". *!+/ ( (1$ . !7 3 %+. !"( .") 0" t-6("3 "NCBUP 6OJWFSTJEBE 5ÏDOJDB EF "NCBUP VCJDBEP FO MB "W $PMPNCJB Z $IJMF &1! !"( *$ %1. + ,&/+ "* ( ( !" "/&+*"/ !" +*/"'+ *&2"./&0 .&+ t%*" 7JFSOFT EF NBS[P EF t)03" I !"/ .&, &8* +),("0 !" (+/ &"*"/
>L<N>E: => ?HKF:<BHG => LHE=:=HL
O>G<>=HK>L =>E <>G>I:
15"'$*"' #$ 6 ,.+! . $( $3 )$*
1 (-1'$. #$ (+/ #+/ :01(+/
97 6
8 8 6
.$%$.$*0$)$*0$ 6 2 $"$,"';* #$ " .,$0 / & /0 #$ ) .4+
5"'* #$ ($*0+ 1) *+ /%+./$ 4 )! /$"0+. $( '/-1$ )
( 2 (+. /" !"( .") 0" t&M WBMPS RVF TF FODVFOUSB FTUJQVMBEP FO MB EFTDSJQDJØO EF DBEB WFIÓDVMP ! ( (1$ . !7 / 3 %+. / "* -1" ,1"! * /". +*+ &!+/ t-VHBS 1BUJPT EF MB JOTUJUVDJØO t%ÓBT .BSUFT NJÏSDPMFT EF NBS[P EF t)PSBT I B I t$POUBDUP *OH $BUBMJOB 1VFOUF " ( .") 0" /" (+ ." (&4 .5 "* /+ ." ".. !+ ( + ." ".. !+ +*0"*!.5 ( +#".0 1 !")5/ "( !&"4 ,+. &"*0+ !"( 2 (+. !" ! 1* !" "(( / "* !&*".+ "#" 0&2+ + %"-1" ".0&: !+ 0+! ,.+,1"/0 /".5 &* +*!& &+* ( 3 *+ ,+!.5 +#." ". "( , $+ !" ,( 4+/ +/ /+ ."/ ".. !+/ /" ." & &.5* "* ( " ."0 .7 !" ( 1*0 % /0 "( '1"2"/ !" ) .4+ !"( I FO MB PöDJOB EF 1SPDVSBEVSÓB EF MB *OTUJUVDJØO VCJDBEB FO FM EP 1JTP EFM &EJöDJP #FUB ),1/ !" *$ %1. + ) 0+ !" ) .4+ !"
ŇĒďĒĊĈ
āĈ
Ä Ä‰
Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
)-Ĺ‹"#( " -Ĺ‹ #- ,/. ,6(Ĺ‹")3Ĺ‹ &Ĺ‹!, (Ĺ‹ &6-# )Ĺ‹ ' . ˜) .8ĹŠ"#2"#ĹŠ+ 2ĹŠÄˆÄˆÄ–ÄŠÄ‡Ä”ĹŠ#-ĹŠ#+ĹŠ#23 "(.ĹŠ #+Äą + 5(23 ĔŊ2#ĹŠ1##"(3 ĹŠ4- ĹŠ-4#5 ĹŠ#"(!(¢-ĹŠ "#+ĹŠ!+;2(!.ĹŠ"#+ĹŠ$ĂŒ3 .+ĹŠ , 3# .ĔŊ!.-ĹŠ ! 2 ĹŠ++#- ĔŊ!4#-3 2ĹŠ/#-"(#-3#2ĹŠ8ĹŠ,;2Ä“
ŇĒÄ?ĒĉČ
9kdWZe kd Yb|i_Ye Z[ \‘jXeb i[ WdkdY_W o [b [gk_fe i[ fh[fW# hW fWhW iWbjWh W bW YWdY^W" ^Wo Wb]k_[d gk[ [if[hW Wdi_eie [i[ Z‡W" Yece YkWdZe [if[hWXW [b Ăˆi_É Z[ bW del_W gk[ jWdje gk[h‡W e Yece YkWdZe h[Y_X‡W ik fh_c[h ik[bZe$ ;i be gk[ eYkhh[ YkWdZe `k[# ]Wd CWYWh| o JƒYd_Ye Kd_l[h# i_jWh_ei" Zei [gk_fei gk[ ied bW [i[dY_W Z[b \‘jXeb WcXWj[‹e$ ;i gk[ iebe gk_[d [i ^_dY^W W Ăˆck[hj[É YedeY[ bWi [ceY_ed[i gk[ YWkiW l[h W ik [gk_fe \Wle# h_je" de _cfehjW [b d‘c[he Z[ [dYk[djhe" Wb gk[ ^WoW Wi_ij_Ze" i_[cfh[ i[h| Yece ik fh_c[hW l[p [d [b [ijWZ_e$ KdW i[cWdW Wdj[i Wb Yej[`e" bWi j[hjkb_Wi [djh[ Wc_]ei" i_[c# fh[ ied bWi c_icWi" gk[ i_ jWb e YkWb `k]WZeh [i c[`eh gk[ ejhe" e gk[ i_ bW Z[\[diW Z[ kde [i c|i
_dikbjei o iWdZ[Y[i Z[ bW ^_dY^W# ZW YedjhWh_W" gk[ [d bW [k\eh_W i[ h[l[bW$
+#% ".ĹŠ#+ĹŠ".,(-%.ĹŠ"#
\k[hj[ gk[ bW Z[b h_lWb" de _cfeh# jW YkWb[i i[Wd bWi l_hjkZ[i Z[b fbWdj[b" fWhW ik ^_dY^W i_[cfh[ i[h| [b c[`eh [gk_fe Z[b ckdZe$ BWi Wfk[ijWi ied ejhW Z[ bWi YeiWi gk[ Wgk‡ de fk[Z[d \WbjWh" fk[i ied jWd eiWZei Z[ Whh_[i# ]Wh ik [ijƒj_YW f[hiedWb" Z[iZ[ kd Yehj[ Z[ YWX[bbe [njhel[hj_Ze" ^WijW [b gk[ZWh Yecfb[jWc[dj[ YWble$ Bei Yec[djWh_ijWi Z[ hWZ_e ied bei c|i [iYkY^WZei" jeZe feh iWX[h Yk|dje o gkƒ ^WXbWd Z[b [gk_fe \Wleh_je o Wkdgk[ W l[Y[i de b[ W]hWZ[ Wb WĂ’Y_edWZe o WY[fj[ ik h[Wb_ZWZ" ]khZW bW [if[hWdpW Z[ kd dk[le jh_kd\e Yece [b Z‡W gk[ be l_e ]WdWh Wdj[ [b c|i jhWZ_Y_edWb Yedjh_dYWdj[$ ;d ik YWX[pW ik[dWd bWi XW# hhWi gk[ YWdjWh| [d [b fWhj_Ze Z[ \‘jXeb" Yece i_ \k[hW [b ^_cde dWY_edWb" Wkdgk[ [ije _cfb_gk[
Ied bWi &,0)& Z[ bW cW‹WdW o Z[ kd iWbje [b ^_dY^W [ij| \k[hW Z[ bW YWcW" Z[if[hjWdZe Yed ]h_jei Z[ `‘X_be gk[ i_[cfh[ h[f_j[d bW c_icW \hWi[ Ăˆ^eo lWcei W ]WdWhÉ" c_[djhWi ik [ifeiW b[ f[Z_h| gk[ ^W]W XkbbW [d ejhW fWhj[ o b[ Z[`[ Zehc_h" fehgk[ [i Zec_d]e$ F[he [b W\|d gk[ j_[d[ feh bb[# ]Wh Wb [ijWZ_e [i jWd ]hWdZ[ gk[ de b[ _cfehjW fh[fWhWhi[ ik fhe# f_e Z[iWokde" c_[djhWi i[ fed[ bW YWc_i[jW Z[b Yebeh \Wleh_je Z[ ik [gk_fe" o h[Ye][ bW XWdZ[hW gk[ ik [ifeiW c[pYbÂŒ [djh[ bei Ăˆj[ieheiÉ Z[ ik WcWZe$ 9edl[hj_Ze [d kd l[hZWZ[he [`[cfbe Z[ ^_dY^W YWc_dW ^WY_W [b [ijWZ_e Z[ bW Y_kZWZ" [dYed# jh|dZei[ W ik fWie Yed l[Y_dei" Wc_]ei gk[ Yed ]hWY_W c_hWd ik \WdWj_ice feh [b \‘jXeb" f[he ieXh[ jeZe feh [b [gk_fe gk[ Z[# Ă’[dZ[ [d YWZW Z_iYh[fWdY_W Z[ deY^[i Z[ Xe^[c_W$ >eo jeZei W Z_i\hkjWh Z[b Yb|i_Ye WcXWj[‹e$
ÂĄ Ä“ĹŠ ĹŠ'(-!' " ĹŠ"#+ĹŠ _!-(!.ĹŠ -(5#12(3 1(.ĹŠ8ĹŠ"#+ĹŠ ! 1;ĹŠ3(#-#ĹŠ4- ĹŠ!(3 ĹŠ#23#ĹŠ"~ ĹŠ/ 1 ĹŠ5(5(1ĹŠ+.ĹŠ,#).1ĹŠ"#+ĹŠ$ĂŒ3 .+Ä“
"
!
&223(5$7,9$ (1 7$;,6 $0$=21$6 1R
% & &(*# % 2(*
$QWH HO VHQVLEOH IDOOHFLPLHQWR GHO VHxRU
-+ #* ,#.(+ 0 *+(' % &#'#+,* ,#.( /)* + &(+ '- +,*(+ + ',#&# ',(+ +(%# *# 0 ) + * ,( +- #+,#'!-# &#%# 0 ' +) # % +- "#$( % * '- % 32 1 # %%(+ (% (* (* * '( % &)* + '! .# * - ' 2(
6(*81'2 )5(,5( 526(52 +DFHPRV OOHJDU QXHVWUD VHQWLGD QRWD GH SHVDU D WRGRV VXV IDPLOLDUHV HQ HVSHFLDO D VX KLMR VHxRU 9LUJLOLR )UHLUH VRFLR GH QXHVWUD LQVWLWXFLyQ
* *& ' - ' 2(
$PEDWR PDU]R /$ ',5(&7,9$
& ,( *1(
41 -3#Ŋ#+Ŋ#5#-3.Ŋ 2#Ŋ1# +(9¢Ŋ#+Ŋ+ -9 Ĺ ,(#-3.Ŋ"#Ŋ+ Ŋ-4#5 Ŋ $1 % -!( Ŋ, 2!4+(Ĺ - Ŋļ 2 "~ Ŋ 4#%.Čē
;d c[Z_e Z[ [ceY_ed[i o Wb[# ]h‡Wi" jeZWi bWi ck`[h[i gk[ \eh# cWd fWhj[ Z[ bW [cfh[iW OWdXWb" ^ec[dW`[Whed W bW WcXWj[‹W 7b[`WdZhW FWh[Z[i" Z_h[YjehW Ikf[h I[d_eh" gk_[d h[Y_X_ÂŒ kd Wkje Y[he a_bÂŒc[jhei Z[b W‹e feh fWhj[ Z[ bW [dj_ZWZ Z[ X[bb[pW$ ;ije \k[ fWhj[ Z[b fhe]hWcW Z[ _dY[dj_lei gk[ bb[lW WZ[bWd# j[ OWdXWb [d ;YkWZeh" Yed ik [l[dje dWY_edWb Æ8h_bbW [d [b ;iY[dWh_eÇ" gk[ [ij| Z_h_]_Ze W YedikbjehWi o Z_h[YjehWi gk[ i[ ^Wd Yedl[hj_Ze [d [cfh[iWh_Wi _dZ[f[dZ_[dj[i [n_jeiWi" ]hWY_Wi W bW efehjkd_ZWZ Z[ d[]eY_e o YW# hh[hW Z[ ]WdWdY_W gk[ e\h[Y[ bW
[dj_ZWZ W d_l[b dWY_edWb$ Kd jejWb Z[ .&& ck`[h[i [n_# jeiWi WcXWj[‹Wi" fWhj_Y_fWhed Z[ [ij[ [dYk[djhe gk[ i[ h[Wb_pÂŒ bW jWhZ[ Z[b l_[hd[i [d [b j[Wjhe BWbWcW" ZedZ[ bW c‘i_YW" bW fW# i_ÂŒd o bW i[ZkYY_ÂŒd i[ fki_[hed Wb b‡c_j[ Yed bW ]hWjW l_i_jW Z[ <hWda 8ed_bbW" h[YedeY_Ze WYjeh dWY_edWb$ 7gk‡ bWi _dl_jWZWi ]h_jWhed o i[ [ceY_edWhed Yed ik fh[i[d# Y_W" jeZW l[p gk[ [b ]Wb|d h[Y_fhe# YÂŒ [b iWbkZe Z[ iki i[]k_ZehWi Yed ][ijei o fWbWXhWi Z[ W\[Yje$ :khWdj[ [b [l[dje" i[ h[Wb_pÂŒ jWcX_ƒd [b bWdpWc_[dje Z[ bW dk[lW \hW]WdY_W cWiYkb_dW ĂˆEiW# Z‡W <k[]eÉ" [nYbki_lWc[dj[ fWhW ^ecXh[i$ ;b fheZkYje Yk[djW Yed kdW YecX_dWY_ÂŒd [if[Y_Wb Z[ WhecWi gk[ [dYWdjWd o i[ZkY[d" [ije i[]‘d [b fheceY_edWb fh[# Ä“ĹŠ +% 1 ~ ĹŠ8ĹŠ#,.!(.-#2ĹŠ"#ĹŠÄĽ8 - +(23 2ÄŚĹŠ2#ĹŠ5(5(#1.-ĹŠ#-ĹŠ#+ĹŠ3# 31.ĹŠ + , Ä“ i[djWZe ZkhWdj[ [b [dYk[djhe$ Feh ik fWhj[ HeX[hj MWjied" Y_[dZe Z[ cWd[hW f[hiedWb [d [b Z[ 7cXWje W \eh`Whi[ kd \kjkhe ][h[dj[ =[d[hWb Z[ ĂˆOWdXWbÉ" \[# YWc_de Z[ bWi l[djWi" _dl_jWdZe [cfh[iWh_Wb Yed [ijW Ă’ hcW Z[ b_Y_jÂŒ [ _dY[dj_lÂŒ W i[]k_h Yh[# W bWi ck`[h[i [cfh[dZ[ZehWi X[bb[pW$
Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ä ÄŠ
' .)Ĺ‹ +/ ,# ) Feh0 A[l_d Ceh[de 9[djhe ;ZkYWj_le ?dj[]hWb IjW_dj Bek_i IY^eeb 7cXWje gk[h_Ze gk[ c[ l_e dWY[h ^[hceiW o Wbj_lW" YkWb ;Zƒd Ă“ eh_Ze j[ gk_[he o j[ WZ# c_he Yed jk X[bbe WjWhZ[Y[h$ I[dZ[he Z[ X[bbWi Ă“ eh[i c_ j_[hhW WZehWZW fƒdi_b Z[ Yebe# h[i Yebeh Z[ WbXehWZW$ 9kWdZe [d bWi cW‹WdWi c[ leo W c_ [iYk[bW fWie feh kd ^k[hje Z[ \h[iYWi cWdpWdWi o kdW Wl[ YWdjehW feh be Wbje lk[bW$ C|i kdW Xh_iW ikWl[ XW‹W [b YWc_de [b ZkbY[ h[Yk[hZe" gk[ i_[dj[ c_ WbcW Wfkhe [b fWie o bb[]e W c_ Z[ij_de o [d c_ j_[h# de f[Y^e Wd_ZW bW YWbcW$
ÄŻÄƒÄ€ÄƒĂťĂş
' . ˜ Ĺ‹ / Ĺ‹, )() # Ĺ‹ *),Ĺ‹ ( &Ĺ‹ )(Ĺ‹/(Ĺ‹0 "v /&)
Čć! (-!+ēũ ũũĈĊũ ũ ũ ũĉćĈĈ
4-%41 '4
ũ ũ ũ } ũ ũ
Čćũ :
.8ũ!+;2(!.ũ , 3# .
#2"#ũ+ 2ũĈĈĖĊćũ"#ũ'.8ũ#-ũ#+ũ#23 "(.ũ #++ 5ı (23 ũ"#ũ , 3.ũ2#ũ5(5(1;ũ#+ũ!+;2(!.ũČĊũ#-31#ũ ! 1;ũ8ũ _!-(!.ũ -(5#12(3 1(.ũ#-ũ+ ũ'(23.ı 1( ũ"#+ũ$Ì3 .+ũ , 3# .ē ;%(- ũ Ĉđ
+_ #1ũ (!.ũ .1"¢-Ĕũ"#ũĉĊũ .2Ĕũ$4#ũ#-!.-ı 31 ".ũ2(-ũ5(" ũ ũ4-ũ!.23 ".ũ"#ũ+ ũ5~ ũ ũ #+(ı +#.Ĕũ ũ+ ũ +341 ũ"#ũ+ ũ/ 11.04( ũ .3.1 2Ĕũ 8#1ũ ũ+ 2ũćĎĖĉćēũ +ũ/ 1#!#1ũ$4#ũ 31./#++ ".ũ/.1ũ 4-ũ5#'~!4+.ũ-.ũ("#-3(ăũ! ".ē ;%(- ũ ĈĊ
#1,(-¢ũ +#13 ũ/.1ũ324- ,( 1 2ũ!.,/1. 1ũ04#ũ8 ũ-.ũ' ~ ũ1(#2%.2ũ / 1 ũ+ ũ/. + !(¢-Ĕũ#+ũ/1#2("#-3#ũ $ #+ũ .1ı 1# ũ"#1.%¢ũ#+ũ"#!1#3.ũ"#ũ 23 ".ũ 7!#/!(¢-ũ 04#ũ242!1( (¢ũ+ũ5(#1-#2Ĕũ -3#ũ4-ũ324- ,(ēũ ;%(- ũ Ĉ
1;%(!.ũ"#2#-+ !#ũ
#%4-".ũ !'(- ũ ./.2ı (3 Ĕũ"#ũĎĈũ .2Ĕũ$ ++#!(¢ũ ).ũ+.2ũ-#4,;3(!.2ũ"#ũ 4-ũ 42ũ(-3#1/1.5(-!( +Ĕũ #+ũ5(#1-#2ũ ũ+ 2ũĉćĖĉćũ#-ũ - ,4-!'.ē ;%(- ũ ĈĊ
'+._Ĕũ(-"(%- " ũũ
ũ,."#+.ũ8ũ#7-.5( ũ"#ũ 423 5.ũ #1 3(ũ #23;ũ".+(" ũ/.1ũ+.2ũ14,.1#2ũ2. 1#ũ24ũ 1#+ !(¢-ũ!.-ũ#+ũ,Ì2(!.ũ 1%#-3(-.ē : ũ Ĉć