Čć! (-!+ēŊ Äž ĹŠ } Ä?
4-%41 '4
ĹŠĹŠÄˆÄ’ĹŠĹŠ ĹŠ ĹŠĹŠ ĹŠÄ‰Ä‡ÄˆÄˆ
ÄŠÄ?ććŊ5(-.2ĹŠ$4#1.-ĹŠ "#!.,(2 ".2ĹŠ 8#1 #ĹŠ!+ 4241¢Ŋ+ ĹŠ $; 1(! ĹŠ"#ĹŠ5(-.2ĹŠ #-3 ".1ĹŠ#-ĹŠ 13~-#9ĹŠ/.1ĹŠ#-Äą !.-31 1ĹŠ,#3 -.+ēŊ )&& YW`Wi Z[ l_de J[djWZeh " \k[# hed Z[Yec_iWZWi feh bW Feb_Y‡W DWY_edWb" `kdje Yed 7b[n 8WbbW# ZWh[i" ?dj[dZ[dj[ Z[ Feb_Y‡W" Wo[h W bWi ',0&&" feh Yedj[d[h c[jWdeb Z[djhe Z[ ik Yecfei_Y_ÂŒd" i[]‘d bei [n|c[d[i Z[ bWXehWjeh_e [d# jh[]WZei feh [b ?dij_jkje ?dgk_[jW Fƒh[p Z[ =kWoWgk_b$ 8WbbWZWh[i" cWd_\[ijÂŒ gk[ Wb cec[dje i[ YbWkikhÂŒ bW fhe# ZkYY_ÂŒd" Z_ijh_XkY_ÂŒd o Yec[h# Y_Wb_pWY_ÂŒd Z[ [ijei l_dei" YkoW \|Xh_YW fh_dY_fWb [ij| [d bW fW# hhegk_W CWhj‡d[p" feh Yedj[d[h gk‡c_Yei Yece [b c[jWdeb" deY_# lei fWhW bW iWbkZ ^kcWdW$ BW Wkjeh_ZWZ [d\Wj_pÂŒ gk[ i[ _dl[ij_]W i_ iebe kd bej[ Z[ bW fheZkYY_ÂŒd [ij| YedjW# c_dWZe e jeZe [b gk[ ^W i_Ze Z_ijh_Xk_Ze [d bWi Y_kZWZ[i Z[ Gk_je" H_eXWcXW" BWjWYkd]W"
2$ +3 ".Ŋ8Ŋ , -3#-(,(#-3.Ŋ #-Ŋ5 1( 2Ŋ5~ 2Ŋ ;%(- Ŋ ĉ
ƒ
.ĹŠ2#ĹŠ #73(#-"#ĹŠ + ĹŠ+#8ĹŠ2#! ;%(- ĹŠ Ĉ
ēŊ -Ŋ! ,(.-#2Ŋ"#Ŋ+ Ŋ .+(!~ Ŋ2#Ŋ2 !¢Ŋ#+Ŋ/1."4!3.Ŋ!.-3 ,(- ".Ŋ!.-Ŋ,#3 -.+ē
jkWb Z[b fheXb[cW" WZ[c|i i[ iWh [b b_Yeh gk[ oW ^W YeXhWZe [djh[ ejhWi$ BWi Wkjeh_ZWZ[i Z_[hed kd ^Wd fh[fWhWZe lWh_ei ef[hWj_# Zei l_ZWi [d Jkd]khW^kW$ _d\ehc[ ieXh[ bW i_jkWY_ÂŒd WY# lei Yed bW Ă’ dWb_ZWZ Z[ Z[Yec_# ;%(- ĹŠ ÄŒĹŠ8ĹŠ Ä?Ä“
4#1.ĹŠ3(#-#ĹŠ -4#5 ĹŠ 2. #1 -
_22(! ĹŠ 1(#+ ĹŠ 4-(5#ĹŠ .2#1.ĹŠ#2ĹŠ+ ĹŠ ĄŊ , -3#ĹŠ1#(- ĹŠ"# -3( %.ĹŠ"#ĹŠ 4#1.ĹŠ Ä‰Ä‡ÄˆÄˆÄąÄ‰Ä‡ÄˆÄ‰Ä“ĹŠ +ĹŠ !3.ĹŠ% + -3#ĹŠ2# !4,/+(¢Ŋ#+ĹŠĂŒ+3(,. ĹŠ2; ".ĹŠ#-ĹŠ4-ĹŠ/1.%1 , ĹŠ #2/#!( +ĹŠ++#-.ĹŠ"#ĹŠ +#%1~ ĹŠ 8ĹŠ#,.!(.-#2ēŊ : ĹŠ ÄŽ
!,# /&./, Ĺ‹ ) " (Ĺ‹ ,#-#-Ĺ‹ FheZkYjeh[i Z[ fWfWi" Y[XebbWi o c|i jkXƒhYkbei gk[ dWY[d Z[ bWi j_[hhWi Z[ CeY^W WjhWl_[iWd kd Z_\‡Y_b cec[dje Z[X_Ze W bW feYW h[djWX_b_ZWZ gk[ [ij| ][d[hWdZe bWi WYj_l_ZWZ[i Z[ YWcfe [d bei ‘bj_cei j_[cfei$ 7 c|i Z[ [bbe" bW Yec[hY_W# b_pWY_ÂŒd b_Xh[ Z[ fheZkYjei gk[ _d]h[iWd Z[ fW‡i[i l[Y_dei Yece F[h‘ o 9ebecX_W i[h‡W ejhe \WY# jeh d[]Wj_le fWhW [bbei$ ;if[hWd gk[ fhedje" bWi Wkje# h_ZWZ[i [cfh[dZWd _d_Y_Wj_lWi Z[ Wfeoe W [ij[ i[Yjeh" fk[i YWZW l[p ^Wo c[dei W]h_Ykbjeh[i [d bW pedW" i[]‘d WĂ’ hcWd bei YWcf[# i_dei Z[b bk]Wh$ ;%(- ĹŠ ÄŽ
';5#9ĹŠ(1;ĹŠ ĹŠ#+#!!(.-#2ĹŠ ;%(- ĹŠ Ä?
ÄĽ -! 2ÄŚĹŠ8 ÄĽ ' 11ĂŒ 2ÄŚ #-ĹŠ"4#+.ĹŠ'.8 ;%(- ĹŠ ĈÄ?
666Ä“+ '.1 Ä“!.,Ä“#!
Ä‚ 0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?Ä ÄŠĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
ĹŠ
23#"Ŋ/4#"#Ŋ#-5( 1Ŋ242Ŋ$.3.2Ŋ"#Ŋ"#-4-!( 2Ŋ!.,4-(3 1( 2Ŋ8Ŋ+ 2Ŋ 43.1(" "#2Ŋ 1#2/#!3(5 2Ŋ3(#-#-Ŋ+ Ŋ./.134-(" "Ŋ"#Ŋ1#2/.-"#1ēŊ Ŋ .1 Ŋ2#Ŋ1#2#15 Ŋ#+Ŋ"#1#!'.Ŋ "#Ŋ2#+#!!(.- 1Ŋ8Ŋ#"(3 1Ŋ+ 2Ŋ"#-4-!( 2ē
ÄŽÄ?ĹŠ ĹŠ ĹŠ
(%4#ĹŠ !#1 ĹŠ"#3#1(.1 "
+ĹŠ31 ,.ĹŠ"#ĹŠ4- ĹŠ"#ĹŠ+ 2ĹŠ !#1 2ĹŠ"#ĹŠ + ĹŠ! ++#ĹŠ .2ĹŠ -"#2ĹŠ8ĹŠ .,;2ĹŠ #5(++ ĔŊ 2(%4#ĹŠ"#3#1(.1 " ĹŠ"#2"#ĹŠ' !#ĹŠ 5 1(.2ĹŠ,#2#2Ä“ #2/.-2 +#Ä–ĹŠ 1( - ĹŠ 4#- 5#-341 ĹŠ (1#!3.1 ĹŠ"#ĹŠ 1 2ĹŠ ĂŒ +(! 2ĹŠ 4-(!(/ +#2Ä“ #+_$.-.2ĖŊćĊĉĹĒĒĹÄ?Ä‘ÄąÄŒÄˆÄ“ĹŠ
:1# ĹŠ"#2!4(" "
#2/.-2 +#Ä–ĹŠ #1-;-ĹŠ -".5 +ĹŠ #2/.-2 +#ĹŠ"#+ĹŠ;1# ĹŠ"#ĹŠ 104#2ĹŠ8ĹŠ 1"(-#2 #+_$.-.2ĖŊćĊĉĹĒĒĹÄ?Ä‘ÄąÄŒÄˆÄ“ĹŠ
ĊĉŊ Ŋ Ŋ
.ĹŠ' 8ĹŠ.31 ĹŠ3 /
-ĹŠ+ ĹŠ!(4" "#+ ĹŠ ĹŠ +.1#23 ĔŊ+ 2ĹŠ -#!#2(" "#2ĹŠ2.-ĹŠ,4!' 2ĔŊ '.1 ĹŠ 4- ĹŠ +! -3 1(++ ĹŠ-.ĹŠ!4#-3 ĹŠ!.-ĹŠ24ĹŠ 1#2/#!3(5 ĹŠ3 / Ä“ #2/.-2 +#Ä–ĹŠ $ #+ĹŠ +".- ". #1#-3#ĹŠ"#ĹŠ+ ĹŠ ,/1#2 ĹŠ ĂŒ +(! ĹŠ ,/1#2 ĹŠ 4-(!(/ +ĹŠ"#ĹŠ +! -3 1(Äą ++ ".ĹŠ8ĹŠ %4 ĹŠ .3 +#ĹŠ"#ĹŠ , 3.Ŋĸ Äą Ěē #+_$.-.2ĖŊćĊĉĹĒĒĹ Ä?Ä?ĹććēŊ
+3 -ĹŠĹŠ/ 2 , -.2
2ĹŠ%1 " 2ĹŠ04#ĹŠ!.-"4!#-ĹŠ"#ĹŠ+ ĹŠ 5#-(" ĹŠ .2ĹŠ -"#2ĹŠ' 23 ĹŠ+ ĹŠ 5#-(" ĹŠ ÄˆÄ‰ĹŠ"#ĹŠ .5(#, 1#ĔŊ-.ĹŠ!4#-3 -ĹŠ!.-ĹŠ 4-ĹŠ31 ,.ĹŠ"#+ĹŠ/ 2 , -.Ä“ #2/.-2 +#Ä–ĹŠ 1( - ĹŠ 4#- 5#-341 ĹŠ (1#!3.1 ĹŠ"#ĹŠ 1 2ĹŠ ĂŒ +(! 2ĹŠ 4-(!(/ +#2 #+_$.-.2ĖŊćĊĉĹĒĒĹ Ä?Ä‘ÄąÄŒÄˆ
¥ ēŊ .2Ŋ31 ).2Ŋ8 Ŋ2#Ŋ1# +(9 -Ŋ#-Ŋ5 1(.2Ŋ2#!3.1#2Ŋ"#Ŋ+ Ŋ!(4" "ē
ŋ &# ŋ (ŋ0# &# ŋ *,#),# ŋ &ŋ'/(# #*#)
.2Ŋ , 3# .2Ŋ#2/#1 -Ŋ04#Ŋ+.2Ŋ31 Ĺ ).2Ŋ-.Ŋ3#-% -Ŋ1#31 2.2Ŋ-(Ŋ!.-31 3(#,Ĺ /.2Ŋ04#Ŋ%#-#1#-Ŋ, +#23 1ēŊ
-Ŋ+ 2Ŋ! ++#2Ŋ %1 ,.-3#Ŋ8Ŋ 1#) Ŋ (#9! -2#!.ĔŊ$1#-3#Ŋ +Ŋ .2/(3 +Ŋ (++#-(4,ĔŊ#7(23#Ŋ4- Ŋ9.- Ŋ (#13 Ŋ 04#Ŋ#23;Ŋ#-Ŋ3.3 +Ŋ -".-.ē
Ä‰ÄŒĹŠ ĹŠ ĹŠ
ēŊ 16(-Ŋ 1 ĔŊ )#$#Ŋ"#Ŋ2#!!(¢-Ŋ"#Ŋ5~ 2Ŋ"#+Ŋ 4-(!(/(.Ŋ"#Ŋ , 3.ē
:[X_Ze Wb Z[j[h_ehe l_Wb gk[ [i [l_Z[dj[ [d lWh_ei i[Yjeh[i Z[ bW Y_kZWZ" [b Ckd_Y_f_e Z[ 7cXWje jhWXW`W [d [b cWdj[d_c_[dje Z[ Wb]kdWi YWbb[i o Wl[d_ZWi$ ;i feh [bbe gk[ Wo[h :Whm_d 8WhXW" `[\[ Z[ i[YY_ÂŒd Z[ l‡Wi Z[ bW ckd_Y_fWb_ZWZ" Z_e W YedeY[h bWi _dj[hl[dY_ed[i gk[ i[ [`[YkjWd Wb cec[dje feh [b Z[fWhjWc[dje Z[ EXhWi F‘Xb_YWi$ ;b fWiWZe ', Z[ `kb_e" _d_Y_Whed bei jhWXW`ei Z[ c[`ehWc_[dje l_Wb [d bW Wl[d_ZW BWi 7cƒh_YWi [djh[ [b h[ZedZ[b Z[ CedjWble o h[Zed# Z[b Z[ 9kcWdZ|$ BW _Z[W [i h[[c# fbWpWh bW YWbpWZW [n_ij[dj[ gk[ i[ [dYk[djhW Z[j[h_ehWZW Z[X_Ze W gk[ ^W Ykcfb_Ze ik l_ZW ‘j_b feh kdW YWbpWZW Z[ fWl_c[dje h‡]_Ze Yed kd f[h‡eZe Z[ Z_i[‹e Z[ )& W‹ei$ 7b cec[dje i[ b[lWdjW [b fW# l_c[dje WYjkWb o bk[]e i[ i[]k_h| Yed bW YedijhkYY_ÂŒd Z[ dk[lWi h[# Z[i Z[ WbYWdjWh_bbWZe" kdW [d YWZW YWhh_b" WYec[j_ZWi Zec_Y_b_Wh_Wi Z[ WbYWdjWh_bbWZe" bW h[ceY_ÂŒd Z[b fWl_c[dje [n_ij[dj[" YedijhkYY_ÂŒd Z[ kdW YWfW Z[ XWi[ YbWi[ '" Z[ '+ Y[dj‡c[jhei Z[ [if[ieh o bW Yedi# jhkYY_ÂŒd Z[ kdW dk[lW YWbpWZW Yed ^ehc_]ÂŒd h‡]_Ze$ Feh bW [`[YkY_ÂŒd Z[ bei jhWXW# `ei" [b jh|Ă’Ye [ij| _dj[hhkcf_Ze [b fh_c[h jhWce [djh[ [b h[ZedZ[b Z[ CedjWble o bW YWbb[ FWhW]kWo [d bei Zei YWhh_b[i$ ;b YedjhWj_ijW [d [ij[ jhWce kX_YWh| [b f[hiedWb ikĂ’Y_[dj[ fWhW jhWXW`Wh i_ckbj|# d[Wc[dj[ bei Zei YWhh_b[i1 gk[ZW ^WX_b_jWZe c_[djhWi jWdje [b jhWce Z[iZ[ bW YWbb[ FWhW]kWo ^WijW [b h[# ZedZ[b Z[ 9kcWdZ|1 Z[ WYk[hZe Wb
WlWdY[ Z[ bei jhWXW`ei i[ Wkjeh_pW# h| bW Wf[hjkhW Z[b jhWce h[ijWdj[$ -". ,_1(!
JWcX_ƒd _d_Y_Whed bei jhWXW`ei Z[ cWdj[d_c_[dje l_Wb Z[ bW Wl[d_ZW ?dZeWcƒh_YW [djh[ [b cedkc[dje W CedjWble o h[ZedZ[b Z[ ?pWcXW$ 7gk‡ i[ YebeYW kdW YWfW Z[ ^eh# c_]ÂŒd Wi\|bj_Ye" fh[l_Wc[dj[ i[ h[Wb_pWh| [b b[lWdjWc_[dje Z[ bei fepei [n_ij[dj[i o bei ikc_Z[hei$ ;b jh|Ă’Ye [ij| _dj[hhkcf_Ze feh jhWcei" fh_c[hWc[dj[ i[ jhWXW# `W [d [b YWhh_b dehj[#ikh" c_[djhWi jWdje i[ ^WX_b_jWh| [b YWhh_b ikh dehj[ [d \ehcW X_Z_h[YY_edWb Yed bW WokZW Z[ bW Feb_Y‡W DWY_edWb$ +ĹŠ #8ĹŠ8ĹŠ .2ĹŠ -"#2
Feh ejhe bWZe" [d bei fhŒn_cei Z‡Wi [b Ckd_Y_f_e Z[ 7cXWje ikiYh_X_# h| [b YedjhWje fWhW bei jhWXW`ei Z[ fWl_c[djWY_Œd h‡]_ZW [d bW Wl[d_# ZW Bei 7dZ[i [djh[ bW Wl[d_ZW ;b H[o o bW YWbb[ ;if[`e$ I[ h[[cfbWpWh| bW YWbpWZW [n_ij[dj[ gk[ [ij| Z[j[h_ehWZW Z[X_Ze W gk[ ^W Ykcfb_Ze ik l_ZW ‘j_b" feh kdW YWbpWZW Z[ fW# l_c[dje h‡]_Ze Yed kd f[h‡eZe
Z[ ZkhWY_ÂŒd Z[ )& W‹ei$ 7Z_Y_edWb W [bbe i[ h[Wb_pWh| bW fWl_c[djWY_ÂŒd h‡]_ZW Z[ bW Wl[# d_ZW ;b H[o [djh[ [b h[ZedZ[b Z[ 9kcWdZ| o [b fk[dj[ Z[b [ijWZ_e 8[bbWl_ijW$ Bei jhWXW`ei Yedi_ij[d [d bW YedijhkYY_ÂŒd Z[ dk[lWi h[Z[i Z[ WbYWdjWh_bbWZe Yed jkX[h‡W Z[ FL9 kdW [d YWZW YWhh_b" YWcX_e Z[ bWi h[Z[i Z[ W]kW fejWXb[ o WYec[j_ZWi Zec_Y_b_Wh_Wi Yed jkX[h‡W Z[ YeXh[" WYec[j_ZWi Zec_Y_b_Wh_Wi Z[ WbYWdjWh_bbWZe Yed jkX[h‡W Z[ FL9 o bW h[ce# Y_ÂŒd Z[b fWl_c[dje [n_ij[dj[$ Feh bW [`[YkY_ÂŒd Z[ [ijei jhW# XW`ei i[ _dj[hhkcf_h| [b jh|Ă’Ye [d \ehcW fhe]h[i_lW i[]‘d [b WlWdY[ Z[ bW eXhW$ ;b fheo[Yje i[ [dYk[djhW b_Y_jWZe" i[ ^Wd [djh[]WZe bWi e\[hjWi o [ij|d [d fheY[ie Z[ [lWbkWY_ÂŒd" i[ [ij_cW WZ`kZ_# YWh [ij[ YedjhWje [d bW fh[i[dj[ i[cWdW [ _d_Y_Wh bei jhWXW`ei bW i[]kdZW i[cWdW Z[ W]eije$ /(-(.-#2
Feh ejhe bWZe" bW f[j_Y_Œd Z[ lWh_ei Y_kZWZWdei" [if[Y_Wbc[dj[ bW Z[ ;\hW‡d IebWde" Whgk_j[Yje" [i gk[ bei jhWXW`ei de j[d]Wd h[jhWiei" oW gk[ [ie f[h`kZ_YW [b dehcWb Z[i# [dlebl_c_[dje o Yec[hY_e Z[ bW Y_kZWZ$
3#-!(¢-Ŋ 5#-(" 2ŊŊŊŊŊŊŊŊŊŊŊŊŊŊŊŊŊŊ .-31 3.Ŋ
2ĹŠ ,_1(! 2ŊŊŊŊŊŊŊŊĊĊĊēđÄ?Ä?Ä”ÄˆÄ‰ĹŠ -". ,_1(! ĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠÄŠÄ’Ä’Ä“Ä?Ä?ĈĔÄ?ÄŒĹŠ -"#2ĹŠ8ĹŠ #8ĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠÄŽÄ‡ÄŒÄ“ÄŽÄ’Ä‡Ä”ÄŒÄŒĹŠĹŠ +ĹŠ #8ŊIJ #++ 5(23 ĹŠĹŠÄ‘Ä?Ä‰Ä“Ä‡ÄŠÄˆÄ”Ä‘Ä’ĹŠĹŠ
+ 9.ĹŠ đćŊ"~ 2ĹŠ Ä?ÄŽĹŠ"~ 2ĹŠ ÄˆÄŠÄŽĹŠ"~ 2ĹŠĹŠ ÄˆÄ‘Ä‡ĹŠ"~ 2ĹŠ
.-31 3(23 ĹŠ 81.-ĹŠ #(! 1 -!(2!.ĹŠ (++¢-ĹŠ #1- -".ĹŠ _1#9 1 2ĹŠ ĂŒ +(! 2
Ä ÄŠĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
ă
/ 0 ( " ŋ (ŋŋ
Ĺ‹ )&),)-
¥ ēŊ .2Ŋ5#-"#".1#2Ŋ#2/#1 -Ŋ /.8.Ŋ,4-(!(/ +ĔŊ/4#2Ŋ2(Ŋ+.2Ŋ1#3(1 -Ŋ"#+Ŋ2(3(.Ŋ-.Ŋ3#-"1~ -Ŋ#-Ŋ".-"#Ŋ,;2Ŋ!.,#1!( +(9 1Ŋ#+Ŋ/1."4!3.ē
ŋ& ŋ -* , ŋ ŋ/( ŋ-)&/ #š(
.2Ŋ5#-"#".1#2Ŋ "()#1.-Ŋ!.-.!#1Ŋ "#+Ŋ/1. +#, Ŋ,#Ĺ "( -3#Ŋ4-Ŋ!.,4-(Ĺ ! ".Ŋ2.+ ,#-3#ēŊ
Gk_[d[i [ij|d i_jkWZei [d bei beYWb[i Z[b 9[djhe 9ec[hY_Wb <[# hhel_Wh_e" [if[Y_Wbc[dj[ Wgk[# bbei gk[ [ij|d \h[dj[ W bW b‡d[W Z[b jh[d" [d [b i[Yjeh Z[ ?d]W^khYe" ck[ijhWd fh[eYkfWY_Œd W iWX[h gk[ Z[X[d iWb_h Z[b i_j_e Z[X_Ze W
kdW b[o l_][dj[$ ÆDei Z_`[hed gk[ Z[X[cei iWb_h oW gk[ bei beYWb[i Z[X‡Wd ^WX[h [ijWZe kX_YWZei / e '& c[jhei i[fWhWZei Z[ bW b‡d[W Z[b jh[d$ ;ije de i[ Ykcfb[ fehgk[ Wf[dWi [ijWcei Z[ ) W * c[jhei o f[i[ W [bbe i[]k_cei YWdY[bWd# Ze dk[ijhWi eXb_]WY_ed[i Yed [b Ckd_Y_f_e Z[ 7cXWjeÇ" Yec[djÂŒ Beh[dW =k[hhW" Yec[hY_Wdj[$ ;b h[]bWc[dje Z[ bW ;cfh[# iW F‘Xb_YW Z[ <[hheYWhh_b[i Z[b ;YkWZeh" c[dY_edW gk[ W YWZW bWZe Z[ bW b‡d[W \ƒhh[W Z[X[ [n_ij_h kdW i[fWhWY_ÂŒd Z[ feh be c[dei dk[l[ c[jhei$
Æ>WY[ feYei Z‡Wi dei bb[]ÂŒ kd Yeckd_YWZe Z[ bW [cfh[iW Z[ <[# hheYWhh_b[i" ZedZ[ i[ c[dY_edW bW Z_ijWdY_W gk[ Z[X[ [n_ij_h [d [b bk# ]Wh$ >WijW [b cec[dje de ^[cei j[d_Ze h[ifk[ijW d_ WokZW Z[ dW# Z_[ o de iWX[cei gk[ lWcei ^W# Y[h" oW gk[ Z[ [ijei d[]eY_ei l_l_# cei ckY^Wi f[hiedWiÇ" Yec[djÂŒ =_bX[hje 7h_Wi" Yec[hY_Wdj[$ H[YehZ[cei gk[ Z[iZ[ ^WY[ lWh_ei c[i[i" bW [cfh[iW i[‹W# bWZW _d_Y_ÂŒ kd fheo[Yje Z[ h[Yk# f[hWY_ÂŒd Z[b \[hheYWhh_b" feh be gk[ [d bW Y_kZWZ" bWi h_[b[i o bei Zkhc_[dj[i oW ^Wd i_Ze h[j_hWZei o i[h|d h[fk[ijei Z[ WYk[hZe Wb
WlWdY[ Z[ bei jhWXW`ei" jecWd# Ze [d Yk[djW gk[ bW [ijWY_ÂŒd Z[b jh[d" [ij| `kdje Wb Y[djhe Yec[h# Y_Wb _dZ_YWZe$ ÆDe gk[h[cei gk[ dei cWd# Z[d Z[ Wgk‡" oW gk[ j[d[cei Yb_[dj[bW$ F[he [d [b YWie Z[ gk[ dei jegk[ iWb_h" [if[hWcei gk[ bWi Wkjeh_ZWZ[i dei WokZ[d o dei fk[ZWd ZWd kd bk]Wh ZedZ[ i[# ]k_h Yed dk[ijhei d[]eY_eiÇ" ik# XhWoÂŒ [b [nf[dZ[Zeh$ Feh jWb cej_le bei W\[YjWZei [if[hWd gk[ bWi Wkjeh_ZWZ[i ckd_Y_fWb[i" WYbWh[d [b j[cW o ieXh[ jeZe [djh[]k[d Wbj[hdWj_# lWi Z[ Wfeoe$
,.#ð #š(Ĺ‹* , Ĺ‹ (.,)-Ĺ‹#( (.#& 9ed [b eX`[j_le Z[ fh[YWkj[bWh bW _dj[]h_ZWZ \‡i_YW Z[ d_‹ei gk[ WYkZ[d W bei 9[djhei ?d# \Wdj_b[i Z[b 8k[d L_l_h 9?8L [d bei gk[ Xh_dZW Wj[dY_ÂŒd [b C_d_ij[h_e Z[ ?dYbki_ÂŒd ;Ye# dÂŒc_YW o IeY_Wb Ă„?dij_jkje Z[ bW D_‹[p o bW <Wc_b_W C_[i# ?d\W o YedjWh Yed fbWd[i Z[ Yedj_d][dY_W [d [ijWi kd_ZWZ[i Z[ Wj[dY_ÂŒd" i[ Z[iWhhebbÂŒ kdW h[kd_ÂŒd Z[ jhWXW`e [djh[ jƒYd_# Yei Z[b C_d_ij[h_e o f[hiedWb Z[ bW I[Yh[jWh‡W Z[ =[ij_ÂŒd Z[ H_[i]ei$ 7gk‡ i[ Z_e W YedeY[h bei b_# d[Wc_[djei _dij_jkY_edWb[i ie# Xh[ bW d[Y[i_ZWZ Z[ YedjWh Yed
kd fbWd Z[ [c[h][dY_W [d YWZW kde Z[ bei Y[djhei _d\Wdj_b[i W Ă’d Z[ Xh_dZWh kdW h[ifk[ijW _dc[Z_WjW o [\[Yj_lW Wdj[ YkWb# gk_[h j_fe Z[ [c[h][dY_W dW# jkhWb e WdjhÂŒf_YW gk[ i[ fk[# ZW fh[i[djWh [d [ijei i_j_ei Z[ Wj[dY_ÂŒd$ 7b[n 9[lWbbei" YeehZ_dWZeh Z[b C_[i pedW )" i[‹WbÂŒ gk[ i[ ^W h[Wb_pWZe [ij[ WY[hYWc_[dje Yed bW I[Yh[jWh‡W" Yed [b eX`[j_# le ikf[h_eh Z[ Yedi[]k_h [b Z_# i[‹e Z[ cWd[hW Yed`kdjW" fbW# d[i Z[ WYY_ed[i gk[ f[hc_jWd Xh_dZWh jeZWi bWi i[]kh_ZWZ[i d[Y[iWh_Wi W bei d_‹ei Z[ Y[he W Y_dYe W‹ei Z[ [ZWZ gk[ ied
ĹŠ ĹŠ Â&#x;
Wj[dZ_Zei [d [ijei [ifWY_ei$ BW I[Yh[jWh‡W Z[ H_[i]ei Yed`kdjWc[dj[ Yed [b C_[i# ?d\W" WdkdY_Whed gk[ _d_Y_W# h|d kd fheY[ie Z[ WYh[Z_# jWY_ÂŒd o Y[hj_Ă’YWY_ÂŒd Z[ bei Y[djhei _d\Wdj_b[i$ Æ9ed [ijWi WYY_ed[i fh[j[d# Z[cei Ykbj_lWh [d bei d_‹ei" ][ijehWi Yeckd_jWh_Wi" fWZh[i o cWZh[i Z[ \Wc_b_W kdW Ykb# jkhW Z[ h[ZkYY_ÂŒd Z[ h_[i]ei" c[Z_Wdj[ [b Z[iWhhebbe Z[ Ye# deY_c_[djei" eh]Wd_pWY_ÂŒd o YWfWY_ZWZ[i fWhW h[ZkY_h bei h_[i]ei [d [b |cX_je Z[ dk[i# jhei Y[djheiÇ Z[ijWYÂŒ [b Yeeh# Z_dWZeh$
ēŊ +Ŋ. )#3(5.Ŋ#2Ŋ04#Ŋ +.2Ŋ/#04# .2Ŋ#23_-Ŋ2#%41.2Ŋ#-Ŋ#23.2Ŋ 2(3(.2ē
;b Ckd_Y_f_e Z[ 7cXWje Yed# j_d‘W Yed bW YedijhkYY_Œd Z[ YWdY^Wi Z[fehj_lWi Z[ fh_c[h d_l[b [d Z_\[h[dj[i i[Yjeh[i Z[b YWdjŒd" [i Wi‡ gk[ [d [ijW eYWi_Œd _dj[hl_de [d [b XWhh_e BW :ebeheiW Z[ bW fWhhegk_W JejehWi" ZedZ[ i[ YedijhkoŒ kdW YWdY^W Z[ kie c‘bj_fb[ Yed WYY[ieh_ei Z[fehj_lei" gk[ fheck[l[ o Xh_dZW [ifWY_ei h[Yh[Wj_lei W bW Y_kZWZWd‡W [i# f[Y_Wbc[dj[ W bW d_‹[p o `kl[d# jkZ gk[ d[Y[i_jW Z[ bW fh|Yj_YW Z[ Z_\[h[dj[i Wbj[hdWj_lWi Z[# fehj_lWi$ 7YjkWbc[dj[ [ijW |h[W h[# Yh[Wj_lW fh[ijW iki i[hl_Y_ei o YeceZ_ZWZ[i Z[ kdW YWdY^W Z[ fh_c[hW Yed bWi dehcWi o c[# Z_ZWi fhe\[i_edWb[i l_][dj[i$ Bei jhWXW`ei h[Wb_pWZei \k[# hed0 b_cf_[pW Z[b j[hh[de [n_i# j[dj[" [b_c_dWY_Œd Z[ bW YWfW l[][jWb" YebeYWY_Œd Z[ fWl_# c[dje" WhYei fWhW bW fh|Yj_YW Z[ \‘jXeb Z[ cWbbW [b[Yjhe ieb# ZWZW" jWXb[he fWhW bW fh|Yj_YW Z[ X|igk[j Z[ l_Zh_e j[cfbWZe" f_djkhW o i[‹Wb_pWY_Œd Z[ bWi c_icWi$ BW _dl[hi_Œd Z[ bW eXhW \k[ Z[ / c_b .). ZŒbWh[i o i[h| h[i# fediWX_b_ZWZ Z[ bei Y_kZWZW# dei Z[ [ij[ _cfehjWdj[ i[Yjeh" cWdj[d[h o Yk_ZWh [ijW |h[W Z[fehj_lW$
'*),. (. Ĺ‹ ' #) ;b =eX_[hde DWY_edWb" W jhWlƒi Z[ bW I[Yh[jWh‡W DWY_edWb Z[ FbWd_Ă’YWY_ÂŒd o :[iWhhebbe I[d# fbWZ[i o [b 9edi[`e DWY_edWb Z[ 9ecf[j[dY_Wi 9D9 Wi[]khÂŒ Z[ \ehcW fWbfWXb[ [b fheY[ie Z[ Z[iY[djhWb_pWY_ÂŒd Z[b ;ijWZe" Wb jhWdi\[h_h bW Yecf[j[dY_W Z[ h_[]e o Zh[dW`[ W bei =eX_[hdei 7kjÂŒdecei :[iY[djhWb_pWZei =7:i $ BW h[iebkY_ÂŒd Z[b 9D9 gk[ jhWdiĂ’[h[ bW Yecf[j[dY_W Z[ fbWd_Ă’YWh" Yedijhk_h" ef[hWh o cWdj[d[h i_ij[cWi Z[ h_[]e o Zh[dW`[ W \Wleh Z[ bei ]eX_[hdei WkjÂŒdecei Z[iY[djhWb_pWZei fhel_dY_Wb[i Z[ jeZe [b fW‡i" i[ [\[YjkÂŒ [d bW fhel_dY_W Z[ 9^_cXehWpe" Yed bW fh[i[dY_W Z[b j_jkbWh Z[ bW I[dfbWZ[i" H[dƒ HWc‡h[p" [d ik YWb_ZWZ Z[ Fh[i_# Z[dj[ Z[b 9D9$
Ŋ Ŋ Ŋ Ŋ ^ ĔŊŊ ĔŊ Ŋ Ŋ Ŋ Ŋ ĔŊ Ŋ Ŋ ¥ Ŋ
Ä…
Ä ÄŠĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
# ),ŋ /&. , )ŋ ) ,š )-ŋ0# -ŋ (ŋ /(!/, "/ ŋ
2Ŋ 43.1(" "#2Ŋ "#!1#3 1.-Ŋ+#8Ŋ 2#! Ŋ Ŋ#2! + Ŋ - !(.- +Ŋ' 23 Ŋ #+Ŋ,(_1!.+#2ēŊŊŊ
++#1Ŋ"#Ŋ!.,4-(! !(¢-Ŋ
Ĺ—ĹŠĹŠĹŠ
;b `k[l[i (' Z[ `kb_e W bWi &/0&& [d bW 9WiW Z[b FehjWb" i[ bb[lWh| W YWXe [b jWbb[h Z[ YWfWY_jWY_ÂŒd ieXh[ Ăˆ;ijhW# j[]_Wi Z[ bW 9eckd_YWY_ÂŒdÉ" WYj_l_ZWZ eh]Wd_pWZW feh [b 9[djhe Z[ 9eehZ_dWY_ÂŒd Z[ Fheo[Yjei Z[ Jkd]khW^kW" o [ij| Z_h_]_ZW Wb f[hiedWb gk[ bWXehW [d bW :_h[YY_ÂŒd Z[ FbWd_Ă’YWY_ÂŒd Z[b =eX_[hde Fhel_dY_Wb$ ;b eX`[j_le [i \ehjWb[Y[h bWi YWfWY_ZWZ[i Z[b f[hiedWb gk[ bWXehW [d bW [dj_ZWZ o ik l_dYkbWY_ÂŒd Yed bei c[Z_ei Z[ Yeckd_YWY_ÂŒd beYWb[i$
412.2ĹŠ5 ! !(.- +#2ĹŠ
Ĺ—ĹŠ ĹŠĹŠ;b 9[djhe ;YkWjeh_Wde Dehj[Wc[h_YWde Z[ ?d]bƒi
9[dW " _d_Y_W iki Ykhiei lWYWY_edWb[i Yed dk[lei ^ehWh_ei" Yed [b Ă’d Z[ Xh_dZWh kd c[`eh i[hl_Y_e o YeX[hjkhW [d bW [di[‹WdpW Z[b _Z_ecW _d]bƒi" W f[j_Y_ÂŒd Z[ ckY^ei fWZh[i Z[ \Wc_b_W$ I[ e\[hjWd Ykhiei Z[ _d]bƒi" cWj[c|j_YW" b[d]kW`[" Y_[dY_Wi dWjkhWb[i" ieY_Wb[i" YecfkjWY_ÂŒd" \‡i_YW o gk‡c_YW$ Bei ^ehWh_ei ied Z[ &.0&& W '(0&& o Z[ '+0&& W '.0&&1 bei WZ_Y_edWb[i ied Z[ '.0&& W (&0&& Z[ bkd[i W l_[hd[i$ Bei i|XWZei i[ Z[iWhhebbWd Ykhiei _dj[di_lei Z[ &.0)& W '(0)&$ BWi eĂ’Y_dWi Z[b 9[dW [ij|d kX_YWZWi [d [b [Z_Ă’Y_e IWdje :ec_d]e Z[ =kpc|d" [d bW YWbb[ @kWd 8[d_]de L[bW &-+, ) f_ie o CedjWble$ J[bƒ\edei (.((')- o &/(++*(*&$
1#2#-3 -ĹŠ! -"(" 3 2ĹŠĹŠ
Ĺ—ĹŠ ĹŠĹŠFWhW [b Zec_d]e (* Z[ `kb_e" W fWhj_h Z[ bWi '*0&&" [b
9ec_jƒ 9‡l_Ye ;YkWjeh_Wde Z[ D[m @[hi[o h[Wb_pWh| bW fh[i[djWY_ÂŒd Z[ bWi YWdZ_ZW# jWi Wif_hWdj[i W C_ii ;YkWZeh [d D[m O[hi[o (&'' o H[_dW @kl[d_b Z[b 9ec_jƒ (&''" gk_[# d[i h[fh[i[djWh|d Wb fW‡i [d bWi fhe]hWcWY_ed[i fbWd_Ă’# YWZWi feh [b :‡W DWY_edWb Z[b ;YkWZeh gk[ i[ Y[b[XhW YWZW '& Z[ 7]eije$ 7Yj_l_ZWZ gk[ i[ bb[lWh| W YWXe [d IY^k[jp[d FWha" )',- A[dd[Zo Wl[dk[" Dehj^ 8[h][d" D@ &-&*-$
b_Ye [d bW fhel_dY_W Bei H‡ei" kd \Wbb[Y_Ze [d F_Y^_dY^W" kde [d 7pkWo o Zei [d Jkd]khW^kW$ 7]h[]ÂŒ gk[ [b 9ec_jƒ Z[ Ef[hWY_ed[i ;c[h][dj[i 9E; " i[ [dYk[djhW jhWXW`Wd# Ze o WokZWh| W \ehjWb[Y[h bei Yedjheb[i gk[ i[ h[Wb_pWh|d W bWi YWdj_dWi YbWdZ[ij_dWi ZedZ[ i[ [nf[dZ[ [ij[ j_fe Z[ b_Yeh$ ;d Jkd]khW^kW Zei ied bei BW Wkjeh_ZWZ f_Z_ÂŒ W bW Y_k# YWiei Z[ \Wbb[Y_c_[dje ZWZWd‡W gk[ i[ WXij[d]W gk[ i[ h[fehjWhed [d bei Z[ Yedikc_h b_Yeh Wb gk[ ‘bj_cei Z‡Wi W YWkiW Z[b ĹŠ Z[dec_dWd ĂˆfkheÉ" oW gk[ Yedikce Z[ b_Yeh WZkbj[# /.1ĹŠ+(!.1ĹŠ "4+Äą de Yk[djW Yed cWhYW d_ 3#1 ".ĹŠ2# h[]_ijhe iWd_jWh_e$ ÆI_ kdW hWZe" Wi‡ be _d\ehcWhed 1#/.13¢Ŋ#-ĹŠ 4-%41 '4 ēŊ f[hiedWi Yedikc_ÂŒ [ij[ bWi Wkjeh_ZWZ[i Z[ iW# j_fe Z[ b_Yeh" Wb fh_dY_fWb bkZ" Y_l_b[i o Z[ ieYehhe Z[ fhel_dY_W" ZkhWdj[ bW i‡djecW Z[ Y^kY^Wgk_ ĹŠ hk[ZW Z[ fh[diW h[Wb_pW#
ĹŠ \k[hj[ Z[X[ WYkZ_h Wb ^ei# ZW bW cW‹WdW Z[ Wo[h [d #7(23#-ĹŠ ĹŠ! 42 ĹŠ f_jWbÇ i[‹WbÂŒ$ Äą [b WkZ_jeh_e Z[ bW =eX[h# "#ĹŠ#23#ĹŠ/1. +#, ēŊ dWY_ÂŒd Z[ Jkd]khW^kW$ ~-3., 2 I[ Z_e W YedeY[h jWc# ;dh_gk[ BWdW" Z_h[Yjeh X_ƒd bW Z_ifei_Y_ÂŒd Z[b Fhel_dY_Wb Z[ IWbkZ Z[ ĹŠ C_d_ijhe Z[ IWbkZ" :Wl_Z ĹŠ Jkd]khW^kW" Z_`e gk[ 9^_h_Xe]W" Z[ Z[Yh[jWh [b !+ -"#23(- 2ĹŠ [ijW _dij_jkY_ÂŒd iebWc[d# [ijWZe Z[ [nY[fY_ÂŒd o $4#1.-ĹŠ!#11 " 2ēŊ j[ ejeh]W f[hc_iei Z[ b[o i[YW W [iYWbW dWY_e# \kdY_edWc_[dje de h[]_i# dWb" ^WijW Z[j[hc_dWh Z[ jhei iWd_jWh_ei" feh be gk[ ZedZ[ l_de [b b_Yeh WZkbj[hWZe$ ^Wo gk[ jecWh [d Yk[djW [ijW 7b[n_i I|dY^[p" ]eX[hdWZeh Z_ifei_Y_ÂŒd$ Z[ Jkd]khW^kW" cWd_\[ijÂŒ gk[ BW \WXh_YWY_ÂŒd Z[b WbYe^eb [n_ij[d h[fehj[i Z[ (& \Wbb[Y_# [j‡b_Ye [i kd fheY[ie YWhe Z[ Zei feh Yedikc_h WbYe^eb c[j‡# h[Ă’dWc_[dje gk[ i[ Z[X[ ZWh Wb
ćČ
ĉćŊŊ
Ŋ "#Ŋ +!.'.+Ŋ "4+3#1 ".Ŋ $4#1.-Ŋ "#!.,(2 ".2ēŊ
ćĉ
ćĊ
ēŊ 2Ŋ 43.1(" "#2Ŋ!(5(+#2ĔŊ"#Ŋ2 +4"Ŋ8Ŋ"#Ŋ2.!.11.Ŋ"(#1.-Ŋ"#3 ++#2Ŋ 2. 1#Ŋ#+Ŋ/1. +#, Ŋ"#+Ŋ+(!.1Ŋ "4+3#1 ".Ŋ#-Ŋ , 3.ēŊŊ
b_Yeh fWhW gk[ i[W Wfje fWhW [b Yedikce1 c_[djhWi gk[ bW [bW# XehWY_Œd Z[b WbYe^eb c[j‡b_Ye [i kd fheY[ie c|i XWhWje gk[ ckY^Wi f[hiedWi be fed[d [d fh|Yj_YW i_d _cfehjWhb[i bW iW# bkZ o W\[YjWY_ed[i gk[ fk[Z[d YWkiWh W bW f[hiedWi1 [d [ij[ fheY[ie i[ kj_b_pW [b c[jWdeb e WbYe^eb _dZkijh_Wb$ BWdW W‹WZ_Œ gk[ [b WbYe^eb
'*/ -.)Ĺ‹0 , Ĺ‹ Ĺ‹ &)-Ĺ‹0 "v /&)-Ĺ‹0# $)-Ĺ‹ 9ed h[bWY_ÂŒd Wb _cfk[ije Wc# X_[djWb W bW YedjWc_dWY_ÂŒd l[^_YkbWh" gk[ i[ XkiYW _cfb[# c[djWh [d bei fhÂŒn_cei c[i[i W bei Wkjecejeh[i l_[`ei" FWjh_Y_e H_l[hW" c_d_ijhe Z[ ;Yedec‡W o <_dWdpWi" Z_`e gk[ [b fhefÂŒi_je [i gk[ W bei YWhhei Yed cWoeh Y_# b_dZhW`[ o W‹ei Z[ \WXh_YWY_ÂŒd" i[ b[i YWh]k[ _cfei_j_lWc[dj[ kd hkXhe [YedÂŒc_Ye" Yed [b W\|d Z[ _dY[dj_lWh Wb fhef_[jWh_e W bW h[# delWY_ÂŒd Z[ ik Wkje$ 7]h[]ÂŒ gk[ bei Wkjecejeh[i gk[ fWiWd bei , c_b Y[dj‡c[jhei Y‘X_Yei" j[hc_dWd i_[dZe kdW \k[dj[ Z[ ]hWd Yedikce Z[ ]W# ieb_dW o feh [dZ[ Z[ YedjWc_# dWY_ÂŒd WcX_[djWb1 Z_`e jWcX_ƒd gk[ YkWdZe ieXh[fWiWd bei W‹ei Z[ l_ZW ‘j_b" c[Y|d_YWc[dj[ bei Wkjei ied kd f[b_]he oW gk[ fk[# Z[d ][d[hWh YkWbgk_[h j_fe Z[ WYY_Z[dj[i [d bWi l‡Wi$ ÆBW _Z[W [i gk[ bei l[^‡Ykbei gk[ j_[d[d c[dei Z[ c_b +&& Y[dj‡c[jhei Y‘X_Yei o c[dei Z[ + W‹ei Z[ \WXh_YWY_ÂŒd de fW]k[d Z_Y^e _cfk[ije l[hZ[Ç" ieijkle$ 9ed\ehc[ ikX[ [b Y_b_dZhW`[ o fWiWd bei W‹ei Z[ l_ZW ‘j_b Z[b YWhhe" i[ j[dZh| kdW YWh]W _cfe# i_j_lW cWoeh$ Be gk[ XkiYWd bWi Wkjeh_ZW#
ēŊ #1- -".ĹŠ .-9;+#2Ŋĸ$.3.ĚĔŊ 2 , +#~23 ĹŠ/.1ĹŠ 4-%41 '4 ĔŊ1#3¢Ŋ +ĹŠ/1#2("#-3#ĹŠ "#ĹŠ+ ĹŠ #/ĂŒ +(! ĹŠ ĹŠ(,/+#,#-3 1ĹŠ+ ĹŠ ,4#13#ĹŠ!149 " ĹŠ#-ĹŠ+ ĹŠ 2 , +# ēŊŊ
)(46& -ŋ " &šŋ-) , ŋ #( , ' (.) ēŊ 31(!(.Ŋ (5#1 Ŋĸ$.3.ĚĔŊ ,(-(231.Ŋ"#Ŋ !.-.,~ Ŋ8Ŋ (- -9 2ĔŊ "().Ŋ04#Ŋ2#Ŋ04(#1#Ŋ ) 1Ŋ+.2Ŋ-(5#+#2Ŋ"#Ŋ !.-3 ,(- !(¢-Ŋ5#'(!4+ 1ēŊ
Z[i" [i _dY[dj_lWh bW Y^WjWhh_# pWY_Œd l[^_YkbWh" W jhWlƒi Z[ bW [djh[]W Z[ kdW Yecf[diWY_Œd ced[jWh_W Wb Zk[‹e Z[b Wkjece# jeh fWhW gk[ _dl_[hjW [d ejhe YW# hhe e d[]eY_e$
LWh_ei \k[hed bei j[cWi Z[ _dj[hƒi Yeb[Yj_le gk[ i[ jhWjWhed bW cW‹WdW Z[ Wo[h" ZkhWdj[ [b _d\ehc[ Z[ fh[diW gk[ Z_e <[hdWdZe =edp|b[i" WiWcXb[‡ijW Z[ Jkd]khW^kW" W bei c[Z_ei Z[ Yeckd_YW# Y_Œd [d ik Z[ifWY^e$ I[ ^WXbŒ ieXh[ [b _dYh[# c[dje iWbWh_Wb W bei WiWc# Xb[‡ijWi" bW h[\ehcW W bW B[o Z[ bW <kdY_Œd B[]_ibWj_lW"
[j‡b_Ye fheZkY[ [Xh_[ZWZ" c_[d# jhWi gk[ [b c[j‡b_Ye W\[YjW W jh[i i_ij[cWi Z[b Yk[hfe0 i_ij[cW h[dWb" h[if_hWjeh_e o d[hl_eie$ BWdW fkdjkWb_pÂŒ gk[ ^eo e cW‹WdW i[ j[dZh|d bei h[ikbjW# Zei Z[b ?dij_jkje ?pgk_[jW Fƒh[p" fWhW Z[j[hc_dWh bW Wkj[dj_Y_# ZWZ Z[b b_Yeh gk[ Yedikc_[hed bWi f[hiedWi gk[ \Wbb[Y_[hed [d [ijW fhel_dY_W$ bW Z[i_]dWY_ÂŒd Z[b :[b[]WZe Wb 9edi[`e Z[ bW @kZ_YWjkhW JhWdi_# jeh_e 9@J o bW ck[hj[ YhkpWZW gk[ gk_[h[ _cfb[c[djWh [b Fh[# i_Z[dj[ Z[ bW H[f‘Xb_YW$ IeXh[ [b fh_c[h j[cW" =edp|# b[i" h[Y^WpÂŒ [b Wkc[dje Z[ YWi_ +&& ZÂŒbWh[i h[jheWYj_lei Z[iZ[ [d[he Wb iWbWh_e Z[ bei b[]_ibWZe# h[i o ieb_Y_jÂŒ Wb fh[i_Z[dj[ Z[ bW 7iWcXb[W DWY_edWb jhWc_jWh [b fheo[Yje Z[ B[o ?dj[hfh[jWj_lW Z[ bW B[o Z[ I[hl_Y_e" fehgk[ Z_`e gk[ de [i fei_Xb[ gk[ bW 7iWcXb[W DWY_edWb Z[f[dZW Z[b C_d_ij[h_e H[bWY_ed[i BWXehWb[i fWhW iki h[ckd[hWY_ed[i$ 7Y[hYW Z[ bW B[o Z[ bW <kd# Y_ÂŒd B[]_ibWj_lW" i[‹WbÂŒ gk[ [i cko _cfehjWdj[ h[\ehcWhbW" Z[ cWd[hW gk[ bW 7iWcXb[W fk[ZW Ykcfb_h Yed bW b[]_ibWY_ÂŒd o Ă’i# YWb_pWY_ÂŒd W bW gk[ [ij| eXb_]WZW oW gk[ Yed bW WYjkWb b[o [i _cfe# i_Xb[ Ă’iYWb_pWh$ IeXh[ bW Z[i_]dWY_ÂŒd Z[b Z[# b[]WZe Wb 9J@" Z_`e gk[ [ij[ jhW# XW`WZeh Z[X[ Ykcfb_h Yed kdW i[h_[ Z[ h[gk_i_jei [d YkWdje W \ehcWY_ÂŒd" YWfWY_ZWZ o ^ed[ij_# ZWZ1 WZ[c|i gk[ Z[X[ cWdj[d[h _dZ[f[dZ[dY_W Z[b =eX_[hde$ :[ _]kWb cWd[hW _dZ_YÂŒ gk[ bW ck[hj[ YhkpWZW WdkdY_WZW feh [b Fh[i_Z[dj[" [i kdW efY_ÂŒd Yedij_jkY_edWb" gk[ [d d_d]‘d cec[dje Z[X[ Yedl[hj_hi[ [d kd Y^WdjW`[1 feh be gk[ h[jÂŒ Wb fh_c[h cWdZWjWh_e fWhW gk[ _cfed]W Z_Y^W Wc[dWpW W bei WiWcXb[‡ijWi$
Ä ÄŠĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ć
+ % 2ĹŠ8ĹŠ2#04~ Ĺ—ĹŠĹŠ 23.2ĹŠ".2ĹŠ$ !3.1#2ĹŠ1#/#1!43#-ĹŠ #-ĹŠ+ ĹŠ/1."4!!(¢-ĔŊ/ 1 ĹŠ#++.ĹŠ#+ĹŠ . (#1-.ĹŠ(,/4+2 ĹŠ4-ĹŠ2#%41.ĹŠ04#ĹŠ !4 1#ĹŠ#+ĹŠÄ?ćŊ/.1ĹŠ!(#-3.ĹŠ"#+ĹŠ5 +.1ĹŠ "#ĹŠ+ ĹŠ(-5#12(¢-ĔŊ,(#-31 2ĹŠ04#ĹŠ#+ĹŠ %1(!4+3.1ĹŠ"# #ĹŠ /.13 1ĹŠ#+ĹŠÄŒÄ‡ĹŠ 1#23 -3#ēŊ (-ĹŠ#, 1%.ĔŊ/.!.2ĹŠ!.-.!#-ĹŠ"#ĹŠ #23.2ĹŠ #-#ă!(.2ĔŊ04#ĹŠ 42! -ĹŠ 84" 1ĹŠ ĹŠ+ ĹŠ !3(5(" "ĹŠ %1~!.+ ēŊ ēŊ ĹŠ5(" ĹŠ#-ĹŠ#+ĹŠ! ,/.ĹŠ2#ĹŠ/.-#ĹŠ! " ĹŠ5#9ĹŠ,;2ĹŠ"($~!(+ĹŠ/.1ĹŠ"(5#12.2ĹŠ$ !3.1#2ĹŠ-#% 3(5.2Ä“
) " Ĺ‹* Ĺ‹ ,#-#-Ĺ‹ !,v )& Ĺ‹
.2ĹŠ/1."4!3.1#2ĹŠ!.-2("#1 -ĹŠ04#ĹŠ#-ĹŠ /.!.ĹŠ3(#,/.ĹŠ/."1~ -ĹŠ"#) 1ĹŠ#+ĹŠ! ,/.ĔŊ 8 ĹŠ04#ĹŠ+ 2ĹŠ/_1"(" 2ĹŠ2.-ĹŠ2(%-(ă! 3(5 2Ä“ Ä“ BW W]h_YkbjkhW" i_d ZkZW"
[i kd h[\[h[dj[ Z[ bW fheZkYj_l_ZWZ Z[ bei YWdjed[i jkd]khW^k[di[i" f[he [d bei ‘bj_cei j_[cfei [ijW WYj_l_ZWZ ^W _Ze Z[Yh[Y_[dZe feh Z_l[hiei \WYjeh[i gk[ Z[icej_lWd W bei YWcf[i_dei$ ;d [b YWie fWhj_YkbWh Z[ Ce# Y^W" ^Wo W]h_Ykbjeh[i gk[ Yh[[d gk[ [d feYe j_[cfe bW i_[cXhW Z[ fWfWi" Y[XebbWi o c|i jkXƒh# Ykbei fhef_ei Z[ bW pedW" i[ Z[# `Wh|d Z[ fheZkY_h Z[X_Ze W gk[ oW de [n_ij[ h[djWX_b_ZWZ$ 7bedie <h[_h[" W]h_Ykbjeh beYWb" Yedi_Z[hW gk[ bW ieXh[fheZkYY_Œd
[d [b YWdjŒd [ij| f[hc_j_[dZe gk[ bW ][dj[ Z[ YWcfe Xkigk[ dk[lWi Wbj[hdWj_lWi Z[ ikXi_ij[dY_W" Yece [b Z_h[YY_edWc_[dje W bW fheZkY# Y_Œd b[Y^[hW$ 7Z[c|i Z[ijWYŒ gk[ ejhe \WYjeh d[]Wj_le fWhW [bbei [i bW _djheZkYY_Œd i_d Yedjheb Z[ fW# fWi Z[ F[h‘ o 9ebecX_W W fh[# Y_ei cko XW`ei" Yed bei gk[ de fk[Z[d Yecf[j_h$ 9ece ƒb" lWh_ei fheZkYjeh[i ieb_Y_jWd W bWi Wkjeh_ZWZ[i gk[ i[ Xkigk[d c[Z_ZWi fWhW Yed# jhWhh[ijWh [ijW Yh_i_i" gk[ ^eo bW fWZ[Y[d o Z[i[if[hWd$
) " ŋ ,,š -/-ŋð -. )(ŋ.),)-
Z--# Ĺ‹ *, -# #,6Ĺ‹ &)-Ĺ‹ -. $)-Ĺ‹ BW Wb[]h‡W" bW X[bb[pW o bW c‘i_# YW i[ WfeZ[hWhed Z[ Gk[he bW deY^[ Z[b fWiWZe i|XWZe o cW# Zhk]WZW Z[b Zec_d]e YkWdZe i[ fh[i[djÂŒ [d [ij[ h_dYÂŒd jkd]k# hW^k[di[ bW [b[YY_ÂŒd o YehedW# Y_ÂŒd Z[ bW dk[lW ieX[hWdW gk_[d h[WbpW bei \[ij[`ei YWdjedWb[i [d ik Wd_l[hiWh_e )/$ BW Wb[]h‡W gk[ _hhWZ_Whed bei Wi_ij[dj[i f[hc_j_ÂŒ iefeh# jWh [b \h‡e Z[ [ijW deY^[1 W YWZW cec[dje bWi XWhhWi Z[ bWi jh[i ]kWfWi Wif_hWdj[i de Z[`Whed Z[ Wb[djWhbWi d_ kd iebe _dijWdj[$ BWi h[fh[i[djWdj[i Z[ bW ^[h# ceikhW gk[h[‹W Z_[hed be c[# `eh Z[ i‡ [d [ij[ WYje ]WbWdj[" [d bW Wf[hjkhW bkY_[hed kd WjhWYj_# le jhW`[ Z[ fh[i[djWY_ÂŒd feh be gk[ h[Y_X_[hed bei WfbWkiei Z[ bei fh[i[dj[i$ Bk[]e l_de [b jhW`[ YWikWb o i[]k_ZWc[dj[ [b j‡f_Ye" gk[ _Z[dj_Ă’YÂŒ bW YkbjkhW Z[ bei fk[#
7i‡ jWcX_ƒd" @kWd <hWdY_i# Ye <h[_h[" gk_[d j_[d[ fhef_[# ZWZ[i [d [b i[Yjeh Z[ ;b 9Wb# lWh_e" i[ ceijhŒ fh[eYkfWZe fehgk[ ‘bj_cWc[dj[" bk[]e Z[ bW Yei[Y^W" de fk[Z[ h[Yk# f[hWh d_ i_gk_[hW be _dl[hj_Ze fWhW i[]k_h Yed [b ikij[dje Z[ ik \Wc_b_W Z[ Y_dYe Z[ f[hie# dWi gk[ bW Yed\ehcWd$ Feh ik fWhj[ I_fh_Wde EYW# ‹W" WbYWbZ[ Z[b YWdjŒd" _dZ_YŒ gk[ i[ h[Wb_pW bW YedijhkYY_Œd Z[b FbWd Z[ :[iWhhebbe 9Wdje# dWb o [b FbWd Z[ EhZ[dWc_[d# je J[hh_jeh_Wb" fh[Y_iWc[dj[ fWhW YedeY[h bW h[Wb_ZWZ Z[ bei feXbWZeh[i o [cfh[dZ[h WYY_ed[i gk[ f[hc_jWd _dY[d# j_lWh W bei W]h_Ykbjeh[i [d kd c[`eh cWd[`e Z[ ik i_[cXhW o Yei[Y^W$
Ä“ BWi \[ij_l_ZWZ[i [d ^e#
ēŊ #22(! ĹŠ 4-(5#ĹŠ2#ĹŠ!.-5(13(¢Ŋ #-ĹŠ+ ĹŠ1#/1#2#-3 -3#ĹŠ"#ĹŠ+ ĹŠ #++#9 ĹŠ 04#1#Â
Xbei WdY[ijhWb[i$ 7b Ă’dWb bkY_[# hed [b[]Wdj[i l[ij_Zei Z[ ]WbW gk[ h[iWbjWhed W‘d c|i ik ^[h# ceikhW$ ;b cec[dje Ă’dWb bb[]ÂŒ Yed bW Z[Y_i_ÂŒd Z[b `khWZe YWb_Ă’YWZeh gk[ Z[i_]dÂŒ W @ƒii_YW Ckd_l[" h[fh[i[djWdj[ Z[b 9bkX Dk[lei >eh_pedj[i Z[ bW fWhhegk_W OW# dWoWYk" Yece bW dk[lW ieX[hW# dW Z[ Gk[he$ 9ece i[‹eh_jW FW# jhedWje gk[ZÂŒ AWhbW 9W`Wi" Z[ bW 9hkp He`W 9WdjedWb o i[‹eh_jW 9ed\hWj[hd_ZWZ DehcW J_f|d Z[ bW 9eckd_ZWZ Z[ IWd @eiƒ Z[ Fk‹WY^_pWY$
deh W IWd @kWd 8Wkj_ijW bb[]W# hed W ik [jWfW Ă’dWb Yed bW fh[# i[djWY_ÂŒd Z[ bW ‘bj_cW Z[ Zei Yehh_ZWi Z[ b_Z_W o ck[hj[ W bW kiWdpW [ifW‹ebW gk[ i[ fh[# i[dY_Whed [d [ijW `kh_iZ_YY_ÂŒd$ BW fh_c[hW i[ Ykcfb_ÂŒ [b Ze# c_d]e '& Z[ `kb_e o [ijkl_[hed0 M_bied 8WbbWZWh[i" @eiƒ Bk_i Z[b H‡e" Bk_i <hWdY_iYe Ăˆ;b 9ehj[pÉ o CWh_WdW <h[_h[" gk_[d[i i[ ]WdW# hed [b WfbWkie Z[b f‘Xb_Ye$ 7i‡ c_ice" [b i[]kdZe [l[d# je jWkh_de i[ l_l_ÂŒ [b ‘bj_ce Zec_d]e '- Z[ `kb_e" Yed [b gk[ i[ fkie Ă’d W bWi WYj_l_ZWZ[i \[ij_lWi Z[ [ij[ W‹e$ I[ ^_Y_[hed fh[i[dj[i jeh[# hei Z[ jWbbW dWY_edWb [ _dj[h# dWY_edWb Yece @kWd <hWdY_iYe >_de`eiW o CWhj‡d 9Wcfk# pWde" [YkWjeh_Wdei" o @Wl_[h 8[hdWb Z[iZ[ ;ifW‹W" gk_[d \k[ [b fkdje h[b[lWdj[ Z[ [ijW Yehh_ZW$
9?D;C7HA
&2192&$725,$ $ OD $VDPEOHD *HQHUDO 2UGLQDULD GH 6RFLRV GH OD &RRSHUDWLYD GH $KRUUR \ &UpGLWR &UHGLDPEDWR /WGD 6H FRQYRFD D ORV VHxRUHV 6RFLRV GH OD &RRSHUDWLYD GH $KRUUR \ &UpGLWR &5(',$0%$72 /7'$ D OD $VDPEOHD *HQHUDO 2UGLQDULD GH 6RFLRV D UHDOL]DUVH HO GtD MXHYHV GH -XOLR GH D SDUWLU GH ODV K S P HQ QXHVWUDV LQVWDODFLRQHV XELFDGDV HQ ODV &DOOHV /DODPD \ 6XFUH GH HVWH &DQWyQ GH $PEDWR /D $VDPEOHD FRQRFHUi \ SURQXQFLDUi VREUH ORV VLJXLHQWHV DVXQWRV &RQVWDWDFLyQ GHO TXyUXP &RQRFLPLHQWR \ 5HVROXFLyQ GHO $FWD DQWHULRU &RQRFLPLHQWR \ 5HVROXFLyQ GH ,QIRUPHV DO GH MXQLR GH D &RQVHMR GH $GPLQLVWUDFLyQ E &RQVHMR GH YLJLODQFLD F &RPLVLyQ GH &UpGLWR G *HUHQFLD &RQRFLPLHQWR \ 5HVROXFLyQ GH ORV (VWDGRV )LQDQFLHURV /HFWXUD GH FRPXQLFDFLRQHV 1RWD (Q HO FDVR GH QR FRQWDU FRQ HO Q~PHUR GH VRFLRV SDUD LQLFLDU FRQ OD VHVLyQ VH SURFHGHUi D LQVWDODU XQD KRUD GHVSXpV GH DFXHUGR DO DUWtFXOR GH ORV (VWDWXWRV 9LJHQWHV GH OD &RRSHUDWLYD $GHPiV GHEHPRV UHFRUGDU ORV DUWtFXORV \ TXH FRPR VRFLR GH OD &RRSHUDWLYD GHEH FXPSOLU $PEDWR GH MXOLR GH 35(6,'(17(
*(5(17(
§ ć 0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?Ä ÄŠĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
1 Ŋ04#Ŋ34Ŋ , -.Ŋ"#1#Ĺ !' Ŋ(%-.1#Ŋ +.Ŋ04#Ŋ' !#Ŋ+ Ŋ(9Ĺ 04(#1" ĔŊ' 1;Ŋ04#Ŋ #2!.-"#1+ Ŋ"#Ŋ+ Ŋ !.-!(#-!( Ģ
Ä .1ĹŠ04_ĹŠ #23 ,.2ĹŠ 04~Ä&#x;ĹŠ#2ĹŠ+ ĹŠ /1#%4-3 ĹŠ,;2ĹŠ(,Äą /.13 -3#ĹŠ ĹŠ+ ĹŠ04#ĹŠ "# #ĹŠ#-$1#-3 12#ĹŠ 4-ĹŠ2#1ĹŠ'4, -.Ģē
ĹŠ
ĹŠ
.2ĹŠ,;2ĹŠ 42! ".2
BW YWcfW‹W YedjhW bW Z[# b_dYk[dY_W Yec_[dpW W ZWh \hkjei$ =hWY_Wi W [bbW kX_YWhed Wb fh_c[he Z[ bW b_ijW$ Iebe gk[ [b ikfk[ije Z[b_dYk[dj[ oW de h[fh[i[djWXW d_d]‘d f[b_]he fWhW bW ieY_[ZWZ$ >WXh‡W \Wbb[Y_Ze c[i[i Wjh|i o ik Yk[hfe oWY‡W [d [b Y[c[dj[h_e Z[ ;ic[hWbZWi$ ;ij[ Ăˆf[gk[‹e [hhehÉ fbWdj[W _dj[hhe]Wdj[i ieXh[ [b \Wceie b_ijWZe o bW [ijhWj[]_W Wdkd# Y_WZW Yed XecXei o fbWj_bbei feh [b fh[i_Z[dj[ 9ehh[W o ik c_d_ijhe Z[b _dj[h_eh$ BW fh[i_ÂŒd feh h[ikbjWZei Z[ Wbje _cfWYje [d [b |cX_je c[Z_|j_Ye Yedbb[lW i_[cfh[ [b h_[i]e Z[ WjhWl[iWh [b kcXhWb Z[b h_Z‡Ykbe$ Âľ9k|b [i bW fh_eh_ZWZ Z[ [ij[ ]eX_[hde" YedjhebWh [b Yh_c[d o bW l_eb[dY_W e YedjhebWh bW _d\ehcWY_ÂŒd o ][d[hWh fhefW# ]WdZW5 4%.ĹŠ .,.ĹŠ 23(++.ĹŠĹŠ , 3.
.2ĹŠ/ 1 ĹŠ#+ (#-#23 1ĹŠ!.+#!3(5.
;b jh|Ă’Ye [d [b Y[djhe Z[ bW Y_kZWZ i[ ^W lk[bje kd l[hZW# Z[he YWei$ BWi YWbb[i WX_[hjWi feh eXhWi Z[ c[`ehWc_[dje [ij|d YWkiWdZe gk[ i[ Z[ceh[ ĂˆkdW [j[hd_ZWZÉ jhWdi_jWh [d Wkje feh Wbb‡$ I[h‡W Xk[de gk[ bWi Wkjeh_ZWZ[i _dl_[hjWd [d kdei jh‡fj_Yei Z[ _d\ehcWY_ÂŒd fWhW bei YedZkYjeh[i" ZedZ[ Yedij[d YkWb[i ied bWi YWbb[i ZW‹WZWi o dei Z[d Wbj[hdWj_# lWi Z[ hkjW" Yed [b Ă’d Z[ de f[hZ[h dk[ijhe j_[cfe$ BWi eXhWi ied fWhW [b X_[d Yec‘d" f[he ^Wo gk[ fbWd_# Ă’YWh efehjkdWc[dj[ fWhW gk[ c_[djhWi i[ [`[YkjWd bei jhWXW`ei" bei Y_kZWZWdei de j[d]Wcei cWoeh[i _dYedl[# d_[dj[i$ IWX_[dZe f[h\[YjWc[dj[ gk[ [d [b Y[djhe Z[ 7cXWje" i_ i[ Y_[hhW kdW YWbb[ i[ lk[bl[ kd YWei [b jh|Ă’Ye l[^_YkbWh" bWi Wkjeh_ZWZ[i oW Z[X_[hed ^WX[h fh[l_ije be gk[ i[ Z[X‡W ^WY[h$ .+#" "ĹŠ 1!~ , 3. 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#+_$.-.ĹŠÄ¸Äƒ).ĚėŊ"(1#!!(¢-ĹŠ".,(!(+( 1( ĹŠ .ĹŠ"#ĹŠ31 ).ĹŠ8ĹŠ!.11#.ĹŠ#+#!31¢-(!.Ä“
ŋŋ u
Feh del[dW l[p [b Fh[i_Z[dj[ ^W Wc[dWpWZe W bW efei_Y_ÂŒd Yed _h W bW Æck[hj[ YhkpWZWÇ$ 9ece kd d_‹e feYe [ZkYWZe Wb gk[ de b[ ZWd [b `k]k[j[ gk[ [n_][ iWYÂŒ W h[bkY_h [d ik ‘bj_cW iWXWj_# dW [b \WdjWicW Z[ lebl[h W YedleYWh Wb fk[Xbe" [ijW l[p fWhW [b[]_h W kdW dk[lW 7iWcXb[W o" [d ik _cW]_dWh_e" lebl[h W [djhWh jh_kd\Wb [d 9WhedZ[b[j WhhefWZe feh cWiWi ^_fdej_pWZWi o Z[b_hWdj[i$ 7fWhj[ Z[ Z[ifejh_YWh YedjhW bei Z_i_Z[dj[i Z[ ik fWhj_Ze" [b Fh[i_Z[dj[ Z[`ÂŒ YbWhe gk[ Yed# i_Z[hW gk[ iki fhefk[ijWi ied _hh[XWj_Xb[i o f[h\[YjWi" o gk[ [i[ ÆYWc_de Z[ f[h\[YY_ÂŒdÇ" de iÂŒbe iki i[]k_Zeh[i" i_de jWcX_ƒd YkWdjei de be Yh[[d Wi‡" Z[X[d i[]k_hbe i_d Y^_ijWh$ :[ be YedjhWh_e" Z_`e" i[ _h| W ik YWiW o gk[ZWh‡Wcei ^kƒh\Wdei Z[ ik l_i_ÂŒd c[i_|d_YW i_d fWh_]kWb [d bW >_ijeh_W$ ^ ĹŠ ĹŠ
&Ĺ‹ , Ĺ‹ '*/ -.) ;b =eX_[hde DWY_edWb" [d cec[djei Z[ [nY[b[dj[i _d]h[# iei feh bW [nfehjWY_ÂŒd Z[ f[jhÂŒ# b[e" WfkhW bW Z[\_d_Y_ÂŒd Z[ dk[lWi h[\ehcWi jh_XkjWh_Wi [d fheYkhW Z[ c|i h[Ykhiei fWhW bW [iYk|# b_ZW YW`W \_iYWb1 [d [i[ cWhYe i[ Yedj[cfbW bW Yh[WY_ÂŒd Z[ dk[lei _cfk[ijei" W bei gk[ ^W bbWcWZe [b Æ_cfk[ije l[hZ[Ç" gk_p| feh [b Yebeh Z[ bW YWc_i[jW Z[b cel_# c_[dje Z[ ]eX_[hde e fehgk[ W bei Y_kZWZWdei" ik Wfb_YWY_ÂŒd" dei fedZh| l[hZ[i Z[b ikije" c|i gk[
;b c[`eh YWc_de [i [b Z[ bei Wh]kc[djei o bei ^[Y^ei" Z[b Z_|be]e Yed [b WZl[hiWh_e o" W j[deh Z[ iki hWped[i" [dZ[h[pWh [b hkcXe$ ;b i|XWZe [b Fh[i_Z[dj[" W f[iWh Z[b j‡jkbe WYWZƒc_Ye" gk_p|i ebl_ZÂŒ bWi YkhlWi Z[ YecfehjWc_[dje Z[ bW lejW# Y_ÂŒd W ik \Wleh [d bWi ‘bj_cWi [b[YY_ed[i$ BWi XhWlWjWi [d bei feb‡j_Yei [djhWd [d [b j[hh[de Z[ be h_Z‡Ykbe" o [b [dlWb[djedWc_[dje [d bW jh_XkdW [i i_dÂŒd_ce Z[ _d[fj_jkZ _dj[b[YjkWb$ BW >_ijeh_W ik[b[ YWij_]Wh bW Whhe]WdY_W Z[ gk_[d[i i[ [h_]_[hed [d _d\Wb_Xb[i o ÆZk[‹ei Z[ l_ZWi o ^WY_[dZWiÇ" W YedjhWf[be Z[ iki b[o[i$ FWhW Yebce" [b Fh[i_Z[dj[ Z[ bW 7iWcXb[W Z_`e gk[ bW efei_Y_ÂŒd Æ[ij| `k]WdZe Yed YWdZ[bWÇ$ BW ieX[hX_W [d\[hc_pW ik[b[ h[Y_X_h Zkhei YWij_]ei [d bWi khdWi" fehgk[ jhW[ WfWh[`WZe [b YWdiWdY_e Wdj[ kdW h[jÂŒh_YW feb‡j_YW WXki_lW o i_d b‡c_j[i cehWb[i$
feh [b X[d[\_Y_e Wb c[Z_e WcX_[d# j[ gk[ [b Yed`kdje Z[ [bbei h[fh[# i[djW$ ;d bW l_i_jW Z[b C_d_ijhe Z[ <_dWdpWi W bW Y_kZWZ" h[Wb_pWZW [djh[ [b `k[l[i o l_[hd[i Z[ bW i[cWdW Wdj[h_eh" Wdj[ [b h[gk[# h_c_[dje Z[ kd f[h_eZ_ijW" hWj_# \_YŒ Y_[hjei Z[jWbb[i Z[ bei dk[# lei _cfk[ijei" [djh[ [bbei [b gk[ ]hWlWh| bW j[d[dY_W Z[ l[^‡Ykbei1 jh_Xkje gk[ [i kd dk[le ]ebf[" Y[hj[he o Zkhe W bW YbWi[ c[Z_W" c|i gk[ Wb Y_kZWZWde Z[ Wbjei _d]h[iei$ I[ Z_`e gk[ bei fhef_[jWh_ei Z[ l[^‡Ykbei" YkoW YWfWY_ZWZ Z[b cejeh de i[W WbjW" [ijWh|d [n[djei Z[b fW]e Z[b _cfk[ije" i_[cfh[ gk[ bW [ZWZ Z[ bei Wkjei i[W ^WijW Z[ jh[i W‹ei$ 7gk‡ hWZ_YW [b ]ebf[ W bW YbWi[ c[Z_W1 [ij[ i[]c[dje Z[ bW feXbWY_Œd" fk[Z[ YecfhWh iebe Wkjei Z[ XW`W YWfWY_ZWZ [d ik cejeh o ik cWoeh‡W de [ij| [d fei_X_b_ZWZ Z[ WZgk_h_hbe Z[ Yed# jWZe" i_de gk[ h[Ykhh[ Wb \_dWd#
Y_Wc_[dje gk[ b[ e\h[Y[ [b c[hYW# Ze" gk[ feh be h[]kbWh o ZWZW bW YWfWY_ZWZ Z[ fW]e" i[ be WY[fjW [d fbWpei Z[ YkWjhe W i[_i W‹ei$ ;i Z[Y_h gk[ YkWdZe W‘d de i[ ^W j[hc_dWZe Z[ YWdY[bWh bW Z[kZW" oW i[ j_[d[ gk[ fW]Wh kd _cfk[i# je fhe]h[i_le feh ik j[d[dY_W [d \kdY_ÂŒd Z[ bW [ZWZ Z[b l[^‡Ykbe1 W [ije ikc[cei gk[ ik Z[fh[# Y_WY_ÂŒd W fWhj_h Z[b j[hY[h W‹e Z[ [ZWZ" i[h| _dc[diW" Yed kd lWbeh Z[b YWhhe kiWZe feh bei ik[bei" i_d gk[ dWZ_[ be gk_[hW YecfhWh" feh jWdje fh[ije fWhW bW [lWi_ÂŒd Z[b _cfk[ije e fWhW ejhe _ddelWZeh fheo[Yje Z[b [Yebe]_ice ]eX_[h# d_ijW0 bW Y^WjWhh_pWY_ÂŒd$ Gk_[d[i j[d[cei kd Wkje l_[`_je" f[gk[‹e" oW de be feZh[# cei l[dZ[h o feh [b f[YWZe Z[ de j[d[h fbWjW fWhW YecfhWh kde dk[le" Z[X[h[cei Wb_c[djWh Yed c|i _cfk[ijei Wb Ăˆl[hZ[É ;ijWZe o bk[]e h[i_]dWZei lebl[h Ăˆ[YebÂŒ]_# YWc[dj[É W YWc_dWh o W `k]Whdei bW l_ZW [d [b jhWdifehj[ f‘Xb_Ye$
#-. ' Ĺ‹ Ĺ‹ /-.# # Ĺ‹ ( v! ( Gk[ Z_\‡Y_b h[ikbjW WY[fjWh gk[ dk[ijhe fW‡i [ij| Yed\ehcWZe feh lWh_ei ]hkfei ieY_Wb[i [d [if[Y_Wb feh kd ]hWd d‘c[he Z[ f[hiedWi _dZ‡][dWi gk[ ^Wd cWdj[d_Ze dk[ijhW l[hZWZ[hW _Z[dj_ZWZ WdY[ijhWb o dk[ijhe eh_][d ƒjd_Ye1 c|i W‘d" [b Z[iYedeY_c_[dje o bW l[h]”[dpW ^Wd ^[Y^e gk[ [n_ijW kd [d\h[djWc_[dje feb‡j_Ye#`kh‡Z_Ye o Yed WZc_hWY_ÂŒd fk[Ze Z[Y_h gk[ fhe\[i_e# dWb[i o i[hl_Zeh[i f‘Xb_Yei d_[]Wd [ijW Ye[n_ij[dY_W [djedY[i" Yece feZ[cei [n_]_h Wb h[ije Z[ bW feXbWY_ÂŒd [b h[if[je o jeb[hWdY_W ieY_Wb$ 7Y[fjWcei o WfheXWcei bW 9edij_jkY_ÂŒd l_][dj[ [d [b (&&." feh jWdje" dei Yedij_jk_cei [d kd ;ijWZe Fbkh_dWY_edWb" feh be jWdje jWcX_ƒd WZc_j_cei bW b[]Wb_ZWZ Z[ bW `kij_Y_W _dZ‡][dW Yece kd i_ij[cW fhef_e Z[ bWi YeckdWi" Yeckd_ZWZ[i" fk[Xbei o dWY_edWb_ZWZ[i _dZ‡][dWi 7hj$ '-' Z[ bW 9edij_jkY_ÂŒd Z[b ;YkWZeh " W f[iWh Z[ Wgk[bbe" i[]k_cei cWdj[d_[dZe bW fh|Yj_YW Z[ kd i_ij[cW feb‡j_Ye# WZc_d_ijhWj_le o `kh‡Z_Ye ^[][cÂŒd_# Ye Ă„ _cf[hWdj[ fhej[]_Ze feh `k[Y[i" cW]_ijhWZei o feb‡j_Yei gk[ b[i Yk[i# jW WY[fjWh o [dj[dZ[h gk[ bW ƒfeYW Z[b ;ijWZe kd_dWY_edWb ^W fWiWZe$ ;ije be feZ[cei YecfheXWh Yed bWi Z[Y_i_ed[i `kZ_Y_Wb[i gk[ d_[]Wd bWi WYjkWY_ed[i Z[ bWi Wkjeh_ZWZ[i _dZ‡# ][dWi o Yed bW fh[i[djWY_ÂŒd Z[ ieb_Y_# jkZ Z[ ?dj[hfh[jWY_ÂŒd 9edij_jkY_edWb fh[i[djWZW feh fWhj[ Z[b Fh[i_Z[dj[ 9edij_jkY_edWb Z[ bW H[f‘Xb_YW Z[b ;YkWZeh" [d ZedZ[ f_Z[ o ieij_[d[ bW b_c_jWY_ÂŒd Z[b I_ij[cW Z[ @kij_Y_W ?dZ‡][dW W _d\hWYY_ed[i gk[ ied iWd# Y_edWZWi Yed f[dW Z[ h[Ybki_ÂŒd" gk[ W\[Yj[d Z[h[Y^ei \kdZWc[djWb[i Yece bW l_ZW" gk[ YWki[d WbWhcW Wbj[hWdZe ]hWl[c[dj[ [b Yed`kdje Z[ bW ieY_[ZWZ _dZ[f[dZ_[dj[c[dj[ gk_[d[i i[Wd bei W]hWl_WZei e Z[ ZÂŒdZ[ eYkhhWd bei ^[Y^ei" [djh[ ejhei1 [djedY[i" i_ WY[f# jWcei [ijW _dj[hfh[jWY_ÂŒd [ijWh‡Wcei b_c_jWdZe [b :[h[Y^e ?dZ‡][dW" bei JhWjWZei o 9edl[d_ei ?dj[hdWY_edWb[i ikiYh_jei o h[YedeY_[dZe iebWc[dj[ be gk[ dei Yedl_[d[ o de dei W\[YjW" Wb fkdje Z[ _h [d YedjhW Z[b ;ijWZe Fbkh_dWY_edWb$
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 .ēŊÄ?ÄŒÄ?ĉ
666ē+ '.1 ē!.,ē#! 23 Ŋ2#!!(¢-Ŋ1#/1#2#-3 Ŋ#+Ŋ/#-Ĺ2 ,(#-3.Ŋ"#Ŋ+.2Ŋ#"(3.1#2ēŊ .2Ŋ#2!1(3.2Ŋ "#Ŋ+.2Ŋ!.+ .1 ".1#2Ŋ2.+.Ŋ!.,/1.,#3#-Ŋ Ŋ242Ŋ 43.1#2Ŋ8Ŋ-.ŊŊ1#Ą#) -Ŋ -#!#2 1( ,#-3#Ŋ#+Ŋ/#-2 Ĺ,(#-3.Ŋ"#+Ŋ/#1(¢"(!.ē
-ŋĒ 3 ,)(ēŋ Ĺ‹-),*, - Ĺ‹ Ĺ‹& -Ĺ‹&# ), , -Ĺ‹ & ( -.#( .2ĹŠ#7/#-"#".1#2ĹŠ "#ĹŠÄĽ/41.ÄŚĹŠ 2#%41 -ĹŠ 04#ĹŠ+ 2ĹŠ/#12.- 2ĹŠ 04#ĹŠ+.ĹŠ' -ĹŠ # (".ĔŊ -.ĹŠ2#ĹŠ' -ĹŠ,4#13.Ä“ JhWi [b \Wbb[Y_c_[dje Z[ Zei f[hiedWi W YWkiW Z[b Yedikce Z[ b_Yeh WZkbj[hWZe [d Jkd]k# hW^kW" bW ?dj[dZ[dY_W o 9ec_# iWh‡W Z[ Feb_Y‡W" h[Wb_pWhed ef[# hWj_lei iehfh[iW bW deY^[ Z[b Zec_d]e o bW cW‹WdW Z[ Wo[h" fWhW _dYWkjWh b_Yeh Z[ ZkZeiW fheY[Z[dY_W$ 7 bWi (&0'+ Z[b Zec_d]e Wd# j[h_eh" 7b[n 8WbbWZWh[i" ?dj[d# Z[dj[1 [ ?l|d H‡ei" 9ec_iWh_e1 [d YeehZ_dWY_ÂŒd Yed Wkjeh_# ZWZ[i Z[ JejehWi o F_YW_^kW" h[Wb_pWhed kd ef[hWj_le Z[ _d# YWkjWY_ÂŒd Z[ b_Yeh Z[ YW‹W" c|i YedeY_Ze Yece ĂˆfkheÉ gk[ de Yk[djW Yed h[]_ijhe iWd_jWh_e$ BW fh_c[hW l_i_jW \k[ [d kdW j_[dZW Z[ JejehWi" ZedZ[ ik fhef_[jWh_e Yec[hY_Wb_pWXW ĂˆfkheÉ o lWh_Wi YbWi[i Z[ X[X_ZWi WbYe^ÂŒb_YWi" Yed o i_d h[]_ijhe iWd_jWh_e1 bWi YWd[YWi i_d [b h[i#
Ä ÄŠĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ĉ
+ĹŠÄƒ-ĹŠ+ ĹŠ#-!.-31 1.-
Ĺ—ĹŠĹŠĹŠ
ēŊ 2Ŋ # (" 2Ŋ +!.'¢+(! 2ĔŊ04#Ŋ-.Ŋ!4#-3 -Ŋ!.-Ŋ1#%(231.Ŋ2 -(3 1(.Ŋ$4#1.-Ŋ(-! 43 " 2Ŋ/.1Ŋ+ Ŋ -3#-"#-!( Ŋ"#Ŋ+ Ŋ .+(!~ ē
f[Yj_le h[]_ijhe \k[hed _dYWkjW# ZWi feh bWi Wkjeh_ZWZ[i$ 7 feYei c[jhei Z[ [ij[ beYWb" Bk_i D$" l[dZ‡W b_Yeh Z[iZ[ &$(+ Y[djWlei [b ĂˆjWgk_jeÉ lWie 1 jWc# X_ƒd feh b_jhei [ _dYbkie Yec[h# Y_Wb_pWXW ]Wbed[i1 YWX[ _dZ_YWh gk[ bei Zei i_j_ei YedjWXWd Yed f[hc_iei Z[ \kdY_edWc_[dje [c_j_Zei iebe fWhW j_[dZW$
BW cW‹WdW Z[ Wo[h" bWi Wk# jeh_ZWZ[i h[Yehh_[hed lWh_ei beYWb[i Y[hYW Z[ bW fbWpW Y‡l_YW ĂˆKhX_dWÉ" ZedZ[ [n_ij‡W bW iei# f[Y^W Z[ gk[ i[ Yec[hY_Wb_pWXW X[X_ZWi i_d bWi Wkjeh_pWY_ed[i h[if[Yj_lWi" f[he bei Z[Yec_iei de \k[hed i_]d_Ă’YWj_lei$ Ejhe beYWb l_i_jWZe \k[ bW Ye# deY_ZW YWdj_dW ĂˆIWb Y^kcWZe#
#+(%1.ĹŠ +ĹŠ!(1!4+ 1ĹŠ
8#1ĹŠ ĹŠ + 2ĹŠ ÄˆÄŠÄ–ÄŒÄŽÄ”ĹŠ #23#ĹŠ !(4Äą " " -.ĹŠ 31 -2/.13 ĹŠ ĹŠ ".2ĹŠ /#04# 2ĹŠ #-ĹŠ 24ĹŠ ,.3.ĹŠ 2(-ĹŠ ! 2!.ĹŠ "#ĹŠ 2#%41(" "ĹŠ /.1ĹŠ + ĹŠ 5#-(" ĹŠ ."1(%.ĹŠ !' -.Ä“ 2ĹŠ (,/.13 -3#ĹŠ 04#ĹŠ !4 -".ĹŠ 2#ĹŠ' % ĹŠ#23#ĹŠ3(/.ĹŠ"#ĹŠ31 2+ Äą ".2ĔŊ#2/#!( +,#-3#ĹŠ ĹŠ(-$ -Äą 3#2ĔŊ+.ĹŠ' % -ĹŠ!.-ĹŠ+ 2ĹŠ"# (" 2ĹŠ /1#! 4!(.-#2ĹŠ ĹŠÄƒ-ĹŠ"#ĹŠ#5(3 1ĹŠ !4 +04(#1ĹŠ/#1! -!#Ä“
hWÉ" Z[ @W_c[ JeXWh" kX_YWZW [d bW YWbb[ :Whgk[W o CWh_Wde ;]”[p" [d ZedZ[ i[ Z[Yec_iW# hed lWh_ei ]Wbed[i Z[ b_Yeh Z[ iWXeh[i" Yece klW o YeYe$ I_d [cXWh]e [b fhef_[jWh_e Z[ [ijW YWdj_dW" de h[l[bÂŒ Z[ ZedZ[" d_ W gk_[d YecfhW [b b_Yeh1 Wh]kc[djÂŒ gk[ [iW [i ik ‘d_YW \k[dj[ Z[ jhWXW`e" Yed bW gk[ ƒb fk[Z[ cWdj[d[hi[$ 8WbbWZWh[i" feh ik fWhj[" cW# d_\[ijÂŒ gk[ [i _cfehjWdj[ gk[ bW Y_kZWZWd‡W [l_j[ Yedikc_h b_Ye# h[i i_d [b h[]_ijhe iWd_jWh_e$ ;b \kdY_edWh_e Z_`e gk[ i_ Wb]k_[d YedeY[ ieXh[ bk]Wh[i ZedZ[ i[ l[dZW e Z_ijh_XkoW [ij[ j_fe Z[ X[X_ZWi" be Z[dkd# Y_[ Z_h[YjWc[dj[ [d bW eĂ’Y_dW i_jkWZW [d bW YWbb[ 9Wij_bbe o IkYh[" =eX[hdWY_ÂŒd Z[ Jkd# ]khW^kW" e Wb '.&& GK;@7I (-. )+ (- $
Bei \Wc_b_Wh[i Z[ Bkf_jW HeZh‡]k[p Z[ )& W‹ei" bW [dYedjhWhed [b c_ƒhYeb[i Wdj[h_eh W bWi (&0&&" bk[]e Z[ gk[ kd Y_kZWZWde" gk[ WYjkWb# c[dj[ [i _dl[ij_]WZe" bW j[d]W [d ik l_l_[dZW kX_YWZW [d bW fWhhegk_W F_YW_^kW$ Bei \Wc_b_Wh[i Z[ Bkf_jW" gk_[d ik\h[ WjWgk[i [f_bƒfj_# Yei" cWd_\[ijWhed gk[ [bbW de h[YedeY[ W gk_[d[i [ij|d W ik Wbh[Z[Zeh" o [iW \k[ bW hWpŒd feh bW gk[ [ijkle Z[iWfWh[Y_# ZW feh lWh_ei Z‡Wi$ 7b cec[dje iki \Wc_b_Wh[i YbWcWd feh WokZW$ Fk[Z[ Yeckd_YWhi[ Wb &.*./.(+(# &.)(.,+'.#&.-'+*'&'$
EH79?ED C?B7=HEI7 9ed\‡e [d J_ c_ :_ei FWZh[" >_`e o ;if‡h_jk IWdje" c_ ‘d_Ye IWblWZeh" Yed jeZWi c_i \k[hpWi b[i f_Ze c[ YedY[# ZWd bW ]hWY_W gk[ jWdje Z[i[e f[Z_h ) Z[i[ei" kde Z[ d[]eY_e o Zei _cfei_Xb[i $ H[Y[ / 7l[cWh‡Wi ZkhWdj[ dk[l[ Z‡Wi" Wb del[de Z‡W fkXb_gk[ [ij[ WdkdY_e o i[ Ykcfb_h| Wkdgk[ de be Yh[W$ EXi[hl[ be gk[ eYkhh_h| Wb YkWh# je Z‡W Z[ ik fkXb_YWY_Œd$ :eo ]hWY_Wi feh [b \Wleh h[Y_X_Ze$ D$O$ '&&&.+
(035(6$ (/(&75,&$ $0%$72 5(*,21$/ &(1752 1257( 6 $ PɑǸǞǸȏǸȽȇɄ ČƒÉ„Č˝ Č?Č˝Č?É‘Č?ĚˆÇ¸ŃąŃąŃł
(67,0$'2 &/,(17(
&223(5$7,9$ '( $+2552 &5e',72 < 9,9,(1'$
´/$ 0(5&('Âľ /7'$ &2081,&$ $ /$ &,8'$'$1ĂŒ$ (1 *(1(5$/ < $ /26 6(f25(6 &223(5$'26 48( (/ '5 0$5&2 $/%(572 3$5('(6 02326,7$ &21 & & < /$ /,& 0,5,$1 &(&,/,$ 0,5$1'$ &+(55(= &21 & & 48,(1(6 35(67$%$1 68 &2/$%25$&,Ă?1 &21 /$ ,167,78&,21 (1 &$/,'$' '( 35(6, '(17( < *(5(17( *(1(5$/ 5(63(&7,9$0(17( 325 5(62/8&,Ă?1 '(/ &216(-2 '( $'0,1,675$&,Ă?1 +$1 '(-$'2 '( &2/$%25$5 < 325 /2 7$172 1,1*81$ $&78$ &,Ă?1 '( 0(1&,21$'26 $17(5,250(17( 7,(1( 5(63$/'2 1, 5(63216$%,/,'$' ,167,78&,21$/
(PSUHVD (OpFWULFD $PEDWR 5HJLRQDO &HQWUR 1RUWH 6 $ (($6$ VH HQFXHQWUD DFWXDOL]DQGR OD EDVH GH GDWRV GH QXHVWURV FOLHQWHV SDUD EULQGDUOH XQD PHMRU DWHQFLyQ D WUDYpV GH VX &HQWUR GH $WHQFLyQ GH /ODPD GDV \ GH VX &HQWUR ,QWHJUDGR GH $WHQFLyQ DO &OLHQWH SRU OR TXH VROLFLWD FRPHGLGDPHQWH D VX FOLHQWHOD TXH HO PRPHQWR GH FDQFHODU VX IDFWXUD SRU FRQVXPR GH HQHUJtD HOpFWULFD FRQVLJQH DO SHUVRQDO GH YHQWDQLOODV HO Q~PHUR GH OD FpGXOD \ HO Q~PHUR WHOHIyQLFR FHOXODU R FRQYHQFLRQDO GHO WLWXODU GHO VHUYLFLR
/$ &223(5$7,9$
$7(17$0(17( 35(6,'(17( (-(&87,92
ĉ
āĊŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
Ġ ũ ũ ũ ũ ũ ũ } ũ Ë ũ Ĕũ ũ ũ ũ ũĥ ı ũ ũ Ħğ
.ũ-4-! ũ '#ũ2(".ũ%.+ı /# " ũ/.1ũ #+ũ/1.$#2.1Ĕũ/#1.ũ 2~ũ'#ũ5(23.ũ!.,.ũ , +31 3 ũ ũ +%4-.2ũ"#ũ,(2ũ !.,/ #1.2Ģ ũ ē
ũ ũ ũ
#ũ/#%¢ũ#-ũ + ũ#2/ +" ũ !.-ũ#+ũ/ +.ũ 8ũ3 , (_-ũ,#ũ ,#- 9¢ũ04#ũ,#ũ 5 ũ ũ/#% 1ũ2(ũ+#2ũ 5(2.ũ ũ,(2ũ / "1#2Ģ ũ ē
ũ ũ ũ
- ũ5#9ũ ,#ũ/#%¢ũ !.-ũ#+ũ ! -" ".Ĕũ.31 ũ 5#9ũ!.-ũ+ ũ, -ı %4#1 Ĕũ3 , (_-ũ'#ũ5(23.ũ !.,.ũ, +31 3 ũ ũ5 1( 2ũ -( 2Ģ ũ ē
ũ ũ ũ
(ŋ (. ŋ )- ŋ /- (ŋ ŋ /(ŋ*,) -),ŋ ŋ' &., .)
.2ũ/1. +#, 2ũ' 1~ -ũ#,/#9 ".ũ' !#ũ 31#2ũ .2Ĕũ +ũ/.!.ũ3(#,/.ũ"#ũ+ ũ++#% " ũ "#+ũ, #231.ũ +ũ/+ -3#+ē KdW b_][hW bbkl_W o kd _dj[die \h e WYecfW Whed bW h[kd_ d Z[ bei fWZh[i Z[ \Wc_b_W Z[b 9[djhe ;ZkYWj_le È=[eh]_dW Z[ FehhWiÉ kX_YWZe [d [b YWi[h e ;b Gk_d# Y^[" Z[ bW fWhhegk_W IWdjW HeiW [d Z Wi Wdj[h_eh[i" fWhW Z[Òd_h bW ik[hj[ Z[b Z_h[Yjeh Z[ bW [dj_ZWZ" gk_[d WfWh[dj[c[dj[ cWbjhWjW W lWh_ei [ijkZ_Wdj[i$ HeiW ;iYeXWh" fh[i_Z[djW Z[b 9ec_j Z[ FWZh[i Z[ <Wc_b_W" Z_`e gk[ YedleY W bei fWZh[i Z[ bei [ijkZ_Wdj[i fWhW jecWh kdW h[iebkY_ d Wdj[ bei WXkiei gk[ ikfk[ijWc[dj[ ^Wd ik\h_Ze bei _d\Wdj[i feh fWhj[ Z[b Z_h[Yjeh Z[ L Yjeh HW b 7Ykh_e$ ;iYeXWh Z_`e gk[ ckY^ei d_ ei ^Wd i_Ze ]ebf[WZei" _dikbjWZei [ _dYbkie iWYWZei Z[ bW [iYk[bW Yed fWbWXhWi Yece0 Æ]kWcXhW Y^_ice# iW" Yk_ZWZe Yed Wl_iWh jki fWf|i" lWi W f[hZ[h [b W eÇ [djh[ ejhWi ]heY[h Wi" W Òd Z[ _dj_c_ZWhbei o gk[ de _d\ehc[d W iki fWZh[i gk[ b bei ^WX W cWbjhWjWZe$ Feh ik fWhj[" 7Ykh_e cWd_\[i# j Æc[ i_[dje Yed bW YedY_[dY_W jhWdgk_bW" f[he bW fh[i_Z[djW Z[ fWZh[i Z[ \Wc_b_W i[ ^W [dYWh# ]WZe Z[ Z[ifh[ij_]_Wh c_ ^ede# hWX_b_ZWZ" [ije [ij| [d jh|c_j[ `kZ_Y_Wb$ De ^Wo dWZW Z[ l[hZWZ [d bei ikfk[ijei cWbjhWjei Z[ bei gk[ i[ c[ WYkiWÇ$
ÆOe ^[ i_Ze fhe\[ieh feh c|i Z[ )& W ei" o bb[]k W [ijW [i# Yk[bW W jhWl i Z[ kd YedYkhie Z[ c[h[Y_c_[djei1"be gk[ fWiW [i gk[ [d [ij[ i[Yjeh ^Wd i_Ze f[h# iedWi XWijWdj[ YedÓ_Yj_lWiÇ Z_`e 7Ykh_e$ :khWdj[ bW h[kd_ d" ]hWd YWd# j_ZWZ Z[ fWZh[i Z[ \Wc_b_W" \h[dj[ Wb Z_h[Yjeh" Z[dkdY_Whed ^WX[h i_Ze jhWjWZei Z[ \ehcW ]hei[hW o gk[ iki ^_`ei b[i ^Wd _d\ehcWZe gk[ ik cW[ijhe bei ]ebf[W Yed kdW cWd]k[hW e Yed kd fWbe$ ;ij[ YWie oW [ij| [d fheY[ie `kZ_Y_Wb o jWcX_ d ^Wo [nf[Z_[d# j[ [d [b ?dij_jkje Z[ bW D_ [p o bW <Wc_b_W ?D<7 " W Òd Z[ gk[ [d be feij[h_eh i[ Z[j[hc_d[d h[ifed# iWX_b_ZWZ[i$
("#-ũ+ ũ2 +(" "#+ũ"(1#!3.1 ŗũũ (!#-ũ04#ũ#2ũ-#!#2 1(.ũ04#ũ ~!3.1ũ Ì+ũ !41(.Ĕũ"(1#!3.1ũ"#+ũ #-31.ũ "4! 3(5.ũĥ #.1%(- ũ"#ũ .11 2ĦĔũ2#ũ 5 8 ũ"#ũ+ ũ(-23(34!(¢-Ĕũ8 ũ04#ũ"#ũ+.ũ !.-31 1(.ũ+.2ũ/1. +#, 2ũ5 -ũ ũ2#%4(1ũ #7(23(#-".ēũ -($#23 1.-ũ04#ũ++#% 1;-ũ' 23 ũ + 2ũÌ+3(, 2ũ!.-2#!4#-!( 2ũ/ 1 ũ #5(3 1ũ04#ũ2(% -ũ+.2ũ 42.2ũ$~2(!.2ũ8ũ /2(!.+¢%(!.2ē
*2%,(512 081,&,3$/ '(/ &$17Ð1 6$1 3('52 '( 3(/,/(2 &$57(/ '( 5(0$7( 6HJXQGD FRQYRFDWRULD (O *RELHUQR 0XQLFLSDO GHO &DQWyQ 3HOLOHR HQ FXPSOLPLHQWR D OD 5HVROXFLyQ WRPDGD SRU HO &RQFHMR 0XQLFLSDO GHO GH MXQLR GH \ GH DFXHUGR D OR TXH HVWDEOHFH HO $UW GHO &yGLJR 2UJiQLFR GH 2UJDQL]DFLyQ 7HUULWRULDO $XWRQRPtD \ 'HVFHQWUDOL]DFLyQ \ $UW \ PiV SHUWLQHQWHV GHO 5HJODPHQWR *HQHUDO 6XVWLWXWLYR SDUD HO 0DQHMR \ $GPLQLVWUDFLyQ GH %LHQHV GHO 6HFWRU 3~EOLFR &2192&$ D ORV LQWHUHVDGRV D LQWHUYHQLU HQ OD YHQWD SRU S~EOLFD VXEDVWD GH XQ ORWH GH WHUUHQR GH OD H[WHQVLyQ GH P XELFDGR HQ HO VHFWRU HO EDUULR &HQWUDO MXQWR DO &HQWUR &tYLFR GH OD SDUURTXLD 3HOLOHR GHO &DQWyQ 3HOLOHR LQPHUVR GHQWUR GH ORV VLJXLHQWHV OLQGHURV
1257( +HUHGHURV GH -XOLR &pVDU 0RUDOHV *DOOHJRV 685 6HGH GH OD &RRS 'DUtR *XHYDUD \ 5RVD 0RUDOHV (67( +HUHGHURV GH -XOLR &pVDU 0RUDOHV *DOOHJRV 2(67( &DOOH 3~EOLFD
P
P
P
P
$9$/Ò2 86' VH DSOLFD HO $UW GHO 5HJODPHQWR GH %LHQHV GHO 6HFWRU 3~EOLFR
/DV RIHUWDV VH UHFHSWDUiQ HQ OD RILFLQD GH $VHVRUtD -XUtGLFD HQ VREUH FHUUDGR GHVGH HO OXQHV GH MXOLR KDVWD ODV K GHO MXHYHV GH MXOLR GH OD DSHUWXUD GH VREUHV VH UHDOL]DUi HO GtD MXHYHV GH MXOLR GH D ODV K HQ SUHVHQFLD GH ORV RIHUHQWHV S~EOLFR HQ JHQHUDO \ XQ 1RWDULR 5HTXLVLWRV 6ROLFLWXG GLULJLGD DO VHxRU 3UHVLGHQWH GH OD -XQWD GH 5HPDWHV LQFOX\HQGR OD RIHUWD GHO LQPXHEOH &HUWLILFDGR GH QR DGHXGDU DO *RELHUQR 0XQLFLSDO &RSLD GH OD FpGXOD \ FHUWLILFDGR GH YRWDFLyQ GHO YDORU RIHUWDGR HQ HIHFWLYR R FKHTXH FHUWLILFDGR (O 5HPDWH \ ODV SXEOLFDFLRQHV VH UHDOL]DUiQ HQ EDVH D OR TXH HVWDEOHFH HO 5HJODPHQWR *HQHUDO 6XVWLWXWLYR SDUD HO 0DQHMR \ $GPLQLVWUDFLyQ GH %LHQHV GHO 6HFWRU 'U 0DQXHO &DL]DEDQGD -HUp] 35(6,'(17( '( /$ -817$ '( 5(0$7(6
ēũ .2ũ/ "1#2ũ"#ũ$ ,(+( Ĕũ +ũ(%4 +ũ04#ũ5 1(.2ũ, #231.2Ĕũ#2!4!' 1.-ũ 1%4,#-3.2ũ ũ$ 5.1ũ8ũ#-ũ!.-31 ũ"#ũ ~!3.1ũ Ì+ũ !41(.ũĸ(Ĺē
3ŋ#( ,.# /' , ŋŋ *),ŋ& ŋ &#( / ( # HeXei W Zec_Y_b_ei o W jhWd# i[ dj[i fheZkY_Zei fh_dY_fWb# c[dj[ feh [b [nY[i_le Yedikce Z[ b_Yeh feh fWhj[ Z[ bei ` l[# d[i" ^Wd cej_lWZe W bWi Wkje# h_ZWZ[i Z[ IWdjW HeiW W _cfb[# c[djWh ef[hWj_lei deYjkhdei feh c_[cXhei Z[b XWhh_e$ <Wkije JeWpW" i[Yh[jWh_e Z[ bW J[d[dY_W Feb j_YW Z[ bW fWhhegk_W" Yec[dj gk[ [ijei fheXb[cWi i[ ^Wd ZWZe W d_# l[b fhel_dY_Wb o dWY_edWb" i_d [cXWh]e Z_`e ÆoW ^[cei Yed# \ehcWZe Xh_]WZWi fWhW ^WY[h h[Yehh_Zei feh bei Z_ij_djei i[Yjeh[iÇ$ Feh ik fWhj[ C[i Wi I_]Y^W" h[fh[i[djWdj[ Z[ bei Xeb_lWh[d# i[i hWZ_YWZei [d IWdjW HeiW" cWd_\[ij gk[ [b fh_dY_fWb _d# Yedl[d_[dj[ Z[ bW fWhhegk_W [i [b Yedikce [nY[i_le Z[ b_Yeh feh fWhj[ Z[ ` l[d[i o f[hie# dWi WZkbjWi gk[ fheleYW h_ Wi YWbb[`[hWi o Z[b_jei$ I_]Y^W Wh]kc[dj gk[ bei ef[hWj_lei Z[ fh[l[dY_ d i[
h[Wb_pWh|d Z[ cWd[hW YeehZ_# dWZW Yed bW Kd_ZWZ Z[ Feb_Y W 9eckd_jWh_W KF9 " fWhW [l_# jWh Z[icWd[i$ ;ijW [i bW fWhhegk_W c|i ]hWdZ[ Z[ bW fhel_dY_W gk[ Yk[djW Yed (' c_b ^WX_jWdj[i$
ēũ .2ũ' (3 -3#2ũ"#ũ+ ũ / 11.04( ũ2#ũ,4#231 -ũ/1#.!4/ ".2ũ -3#ũ#+ũ !!(.- 1ũ"#+(!3(5.ē
4+!#ũ (#-5#-(" ( ŋ #&& ! ' 4ŋ / (. ŋ&)-ŋ v -ŋ* , ŋ . ( ,ŋ (., ŋ-/-ŋ , 4)-ŋ ŋ-/ŋ ZĄŋ &ŋ 3ŋ ")1 ,ŋ- ŋ,  ŋ (ŋ ( # ē-ŋ . ,v ŋ (ŋ ' #)ŋ ŋ& ŋ & !,v ŋ ŋ '#&# , -ŋ3ŋ '#!)-Ąŋ
(1#ũ242ũ$.3.2ũ#-Ė 666ē+ '.1 ē!.,ē#!
#- ũ (++ %¢,#9ũ+4!#ũ,48ũ$#+(9ũ/.1ũ+ ũ/1.-3 ũ ++#% " ũ"#ũ24ũ # _ēũ
āĊŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
-3#1#2 -3# #7/.2(!(¢-
Ċ
(ŋ &ŋ- & (ŋ /2),ŋ &ŋ ). &ŋ -#()ŋ '* , ),ŋ- ŋ,  ŋ &ŋ*,)!, ' ŋ ŋ& (4 '# (.)ŋ ŋ& ŋ ,#' , ŋ 2*)-# # (ŋ ŋ ) ŋ3ŋ )( # (ŋ (ŋ / ),ŋ *)ŋ -"#)(ŋüúûûĄŋ
.1(2ũ ,/ #++Ĕũ #1#-3#ũ"#+ũ 1.8#!3.ũ /.$ 2'(.-ėũ +$1#".ũ 1 -) Ĕũ (1#!3.1ũ"#ũ+ ũ ;, 1 ũ "#ũ+ ũ #04# ũ -"4231( ũ"#ũ (!'(-!' ėũ 1+.2ũ 11(.-4#5.ũĔũ "#ũ .,#1!( +(9 !(¢-ũ #1( ũ /.ı $ 2'(.-ėũ(-5(3 -ũ +ũ#5#-3.ũ04#ũ 2#ũ"#2 11.++ 1;ũ#-ũ2#/3(#, 1#ũ #-ũ 4(3.ēũ
#- ũ (++ %¢,#9ũĸ!Ĺũ)4-3.ũ ũ242ũ ,(% 2ũ -( ũ +"4, ("#Ĕũ .(!#ũ -!#1.Ĕũ - ũ 4!~ ũ ( .Ĕũ .2(ũ .-9 +#2Ĕũ 3 ũ .-9 +#2ũ8ũ #%(- ũ .-9 +#2ũ"(2$143 1.-ũ"#ũ#23 ũ!#+# 1 !(¢-ēũ
C7BB
ũ ũ ũ
%423.ũ 9;-ũ8ũ .1 ũ 4 ~-ũ/1#2#-3 1.-ũ %1 " +#2ũ +( 1.2ēũ +ũ/1.%1 , ũ.ăũ!( +ũ"#ũ/1#2#-3 !(¢-ũ2#ũ1# +(9¢ũ#-ũ #+ũ +¢-ũ"#ũ .-.1ũ+ ũ 2 ũ"#ũ+ ũ 4+341 ēũ 1 ũ#+ũ+#-3#ũ"#ũ "( 1(.ũ ũ .1 ũ/.2 1.-ũ!.-ũ 1(ũ !' -.ũĸ!ĹĔũ/1#2("#-3#ũ "#ũ+ ũ#-3(" "ũ!4+341 +ēũ
,(+ ũ 8.1% ũ !#+# 1¢ũ242ũĉũ .2ũ"#ũ #7(23#-!( ũ#-ũ#+ũ 104#ũ ;%(!.ũ 2(2ēũ -ũ+ ũ %1;ăũ! ũ+ ũ !.,/ -ũ 24ũ'#1, -.ũ 18 -Ĕũ24ũ / "1#ũ 1!#+.ũ 8.1ı % ũ8ũ24ũ, "1#ũ 4+(- ũ 8.1% ēũ
1!.ũ 4#- .Ĕũ 1% 1(3 ũ 4#- .ũ8ũ 1(.ũ -) 11#9ũ /.8 1;-ũ#+ũ"#2 11.++.ũ"#ũ+ ũ #7/.2(!(¢-ēũ
āĀ
āĊŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
(1#ũ242ũ$.3.2ũ#-Ė 666ē+ '.1 ē!.,ē#!
(5#13(" 2 5 ! !(.-#2
)-ŋ"#$)-ŋ ŋ&)-ŋ-) #)-ŋ &ŋ &/ ŋ /(!/, "/ ŋ #- ,/. (ŋ ŋ /( -ŋ0 #)( -ŋ #0 ,.# -ŋ3ŋ&& ( -ŋ ŋ *, ( #4 $ Ąŋ )-ŋ /,-)-ŋ- ŋ,  (ŋ (ŋ& -ŋ#(-. & #)( -ŋ ŋ -. ŋ &/ Ąŋ
48ũ +#%1#2ũ#-!.-31 ,.2ũ ũ - ũ 4(2 ũ 11# Ĕũ +#%1~ ũ ;2!.-#9Ĕũ 1~ ũ .2_ũ .+%4~-Ĕũ 1~ ũ 23(++.Ĕũ 13(- ũ #+ ũ 8ũ (!.++ũ ;2!.-#9ē
.2_ũ .4"Ĕũ 423 5.ũ .4, Ĕũ 13~-ũ #5 ++.2Ĕũ 4 -ũ .-!#ũ8ũ 3~ 2ũ .-!#ũ2#ũ"(5(#13#-ũ,4!'.ũ ũ"( 1(.ēũ
ũ .1ũ 13(!Ĕũ 4 -ũ 1!_2Ĕũ 1 -!(2!.ũ 1 ,(++.Ĕũ 4 -ũ 1 -).ũ8ũ .2_ũ + !(.2ũ+#2ũ%423 ũ#23#ũ!412.ũ5 ! !(.- +ēũ
48ũ +#%1#2ũ/.2 1.-ũ #1- 1".ũ 8.1% Ĕũ 4 -ũ %- !(.ũ .+%4~-Ĕũ .-9 +.ũ ++#) 2ũ8ũ 41(!(.ũ #5(++ ũ/ 1 ũ#+ũ+#-3#ũ"#ũ
ũ .1 ēũ
$ #+ ũ 13(9Ĕũ 13(- ũ ( ,.!.Ĕũ 1~ ũ #+ Ĕũ - ũ 1.ı +(- ũ + !(.2Ĕũ -"1# ũ #-#2#2ũ8ũ 1~ ũ + " ũ/ 2 -ũ 4#-.2ũ,.,#-3.2ũ#-ũ#+ũ!412.ēũ
ŇĈćććďĎ
ũ
1~ ũ ~ ũ #15 2Ĕũ +.,_ũ ( .Ĕũ ;1 1 ũ 8 Ĕũ - ũ ."1~%4#9ũ8ũ , -3 ũ (++ ũ"(2$143 -ũ2 - ,#-3#ũ"#ũ+ 2ũ5 ! !(.-#2ēũ
~!3.1ũ (! 1".ũ 4#11#1.ũ #) 1 -. 5-0,$ŴĚŴ «)4/3
$Ŵ#$3$ -/3Ŵ453Ŵ0 0)3Ŵ )"+9Ŵ9Ŵ $2/ĞŴ 5$Ŵ )/3)4/Ŵ&5 $Ŵ45Ŵ" -)./Ŵ9Ŵ4$Ŵ "/,-$Ŵ#$Ŵ!$.#)")/.$3 $,)")# #$3Ŵ()*/Ŵ.5$342/Ğ
.2ũ(-2314!3.1#2ũ .1%#ũ '.-2.-Ĕũũ 4+(- ũ ;-!'#9Ĕũ #!(+( ũ 3( .Ĕũ # 2ı 3(;-ũ .9 " Ĕũ .$~ ũ %4(+ 1ũ8ũ -3.-(.ũ (++ ũ(-!#-3(5 -ũ#-ũ /1#-"(9 )#ũ#-ũ+.2ũ #234"( -3#2ēũ
ƒ Ä
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?Ä ÄŠĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
, (Ĺ‹&)-Ĺ‹ )* , .#0)-Ĺ‹ *),Ĺ‹ & )")& +ĹŠ . (#1-.ĹŠ"(2/42.ĹŠ04#ĹŠ#+ĹŠÄˆÄ‡Ĺ˜ĹŠ"#ĹŠ+ 2ĹŠ ! , 2ĹŠ"#ĹŠ+.2ĹŠ'.2/(3 +#2ĹŠ#23_ĹŠ+(23.ĹŠ/ 1 ĹŠ +.2ĹŠ(-3.7(! ".2ĹŠ/.1ĹŠ,#3 -.+ēŊ Jh[i Ăˆc[Z_ZWi [njhWehZ_dWh_WiÉ ^eo" gk[h[cei jecWh bWi fh[l[d# WdkdY_ÂŒ Wo[h [b 9ec_jƒ Z[ Ef[# Y_ed[i WZ[YkWZWiÇ" [d\Wj_pÂŒ bW hWY_ed[i Z[ ;c[h][dY_W 9E; \kdY_edWh_W$ F[he [d [b ^eif_jWb \h[dj[ Wb [ijWZe Z[ [nY[fY_ÂŒd iW# CWhj‡d ?YWpW W‘d gk[ZWd ') W\[Y# d_jWh_W Z[YbWhWZe jhWi bW ck[hj[ jWZei" jWcX_ƒd [ijWXb[i$ Z[ (( f[hiedWi o bW ^eif_jWb_pW# Y_ÂŒd Z[ '&+ feh kdW _djen_YWY_ÂŒd -! 43 -ĹŠÄĽ/41.ÄŚĹŠ#-ĹŠ 4-%41 '4 cWi_lW feh Yedikce Z[ WbYe^eb BW deY^[ Z[b Zec_d]e" [d ef[# WZkbj[hWZe$ hWj_le iehfh[iW" bWi Wkjeh_ZWZ[i :_ifed[h [b '& Z[ bWi YWcWi l_i_jWhed lWh_ei beYWb[i ZedZ[ i[ ^eif_jWbWh_Wi [d jeZe [b fW‡i fWhW Yec[hY_Wb_pWXW b_Yeh Z[ YW‹W [d fWY_[dj[i _djen_YWZei" _dj[di_Ă’ # bWi fWhhegk_Wi JejehWi o F_YW_# YWh W [iYWbW dWY_edWb bei ef[hWj_# ^kW$ ;b ĂˆfkheÉ [hW WbcWY[dWZe [d lei feb_Y_Wb[i Z[ h[gk_iW Z[ b_Yeh YWd[YWi Z[ (+ W +& b_jhei$ I[ l[d# Z[ ZkZeiW fheY[Z[dY_W o WdWb_# Z[d Z[iZ[ lWiei Z[ (+ Y[djWlei$ pWh kdW fei_Xb[ [nj[di_ÂŒd Z[ bW I[]‘d bei fh_c[hei Wd|b_i_i" B[o I[YW gk[ [ijWh| l_][dj[ ^Wi# [b l_de ĂˆJ[djWZehÉ" Z[ 7cXWje" jW [b fhÂŒn_ce c_ƒhYeb[i" \k[hed Yedj_[d[ c[jWdeb o ^W YWkiWZe bWi h[iebkY_ed[i WZefjWZWi feh oW Zei ck[hj[i$ [b 9E;" bk[]e Z[ YkWjhe ^ehWi Z[ h[kd_ÂŒd [d [b C_d_ij[h_e Z[b ?dj[# -#! 2ĹŠ8ĹŠ .3#++.-#2ĹŠ#-ĹŠ 4(3. h_eh" [d Gk_je$ Dk[l[ beYWb[i YbWkikhW# ;b C_d_ij[h_e Z[ IWbkZ ĹŠ Zei [d [b ikh Z[ bW YWf_jWb F‘Xb_YW CIF Z_lkb]ÂŒ o '&& b_jhei Z[ jhW]e Z[# gk[ oW i[ YedjWX_b_pWd (( Yec_iWZei [d [b i[Yjeh Z[ l‡Yj_cWi cehjWb[i" (& [d ÄˆÄ‘Ä‡Ä‡Äą ĹŠ Ä¸ÄˆÄ‘Ä‡Ä‡ÄąÄ‘ÄŠÄ?ÄŠÄ?Ä?ĚĔŊ IWd 8bWi" [i [b h[ikbjWZe Bei H‡ei o ( [d Jkd]k# ćĉĉĒććĊĎĎŊ8ĹŠ Z[ bei ef[hWj_lei gk[ h[W# hW^kW o '&+ _djen_YWZei ćĉĉĒćĎĈÄ?ĉŊ2.-ĹŠ b_pÂŒ Wo[h bW ?dj[dZ[dY_W +.2ĹŠ3#+_$.-.2ĹŠ [d Z_\[h[dj[i ^eif_jWb[i$ ' (+(3 ".2ĹŠ/ 1 ĹŠ Z[ Feb_Y‡W Z[ F_Y^_dY^W$ "#-4-!( 1ĹŠ5#-3 ĹŠ 7 bei beYWb[i i[ b[i (11#%4+ 1ĹŠ"#ĹŠ+(!.1ĹŠ .ĹŠ 2#2.1~ ĹŠ%1 Äą YbWkikhÂŒ [d bW deY^[ o .-,.!(¢-ĹŠ#-ĹŠ .2ĹŠ ~.2 34(3 ĹŠ!.-ĹŠ#7/#1Äą cWZhk]WZW Z[ [ij[ bkd[i Æ9ed [b Whh_Xe Z[ bW kd_# 3.2ĹŠ3.7(!¢+.%.2Ä“ feh l[dZ[h b_Yeh YkWdZe ZWZ cÂŒl_b Z_ic_dk_h|d [ijWXW oW [d l_][dY_W bW bei YWiei gk[ i[ fh[i[d# j[d Z[iZ[ ^eo Wo[h Ç" [nfh[iÂŒ bW B[o I[YW$ ;b Z[Yec_ie Z[b b_Yeh Z_h[YjehW fhel_dY_Wb Z[ iWbkZ Z[ Z[ bWi YWiWi [d bW YWbb[ @eiƒ 7d# j[fWhW o F[Zhe <[hc‡d 9[lWbbei Bei H‡ei" CWh`eh_[ LWbb[$ :[djhe Z[b ^eif_jWb cÂŒl_b" \k[ [d bW cW‹WdW$ ;b ?dj[dZ[dj[ Z[ F_Y^_dY^W" fh[l_e W bW bb[]WZW Z[ bei YkWjhe fWY_[dj[i Z[ 8WXW^eoe" [n_ij‡Wd :_[]e HeZh‡]k[p" i[ iehfh[dZ_ÂŒ Zei gk[ iWb_[hed Z[ f[b_]he bW de# Wb l[h YÂŒce i[ WbcWY[dW [b b_Yeh [d bei Xej[bbed[i Z[ W]kW o ^Wi# Y^[ Z[b Zec_d]e$ 7Z[c|i" [d ^ehWi Z[ bW jWhZ[ jW [d YWd[YWi Yed YWfWY_ZWZ Z[ h[Wb_pWhed [b jhWibWZe Z[ YkWjhe kdei (&& b_jhei$ f[hiedWi W\[YjWZWi" gk[ i[ [d# YedjhWXWd [d [b >eif_jWb CWhj‡d .2ĹŠ3(#-" 2ĹŠ!#11 " 2ĹŠ#-ĹŠ 4 8 04(+ ?YWpW Z[ 8WXW^eoe$ BW ?dj[dZ[dY_W Z[ =kWoWi YbWk# ÆBei fWY_[dj[i ^Wd [ijWZe [d ikhÂŒ Wo[h Zei j_[dZWi gk[ Yec[h# eXi[hlWY_ÂŒd o ik [lebkY_ÂŒd de Y_Wb_pWXWd b_Yeh Whj[iWdWb [d Xe# ^W i_Ze cko Xk[dW" [djhWhed [i# j[bbWi Z[ l_Zh_e" f[he i_d h[]_ijhe jWXb[i o i[ ^Wd Z[iYecf[diWZe iWd_jWh_e$
ēŊ -Ŋ .) ĔŊ"#!#- 2Ŋ"#Ŋ/#12.- 2Ŋ$4#1.-Ŋ"#3#-(" 2Ŋ 8#1ĔŊ/.1Ŋ(-$1(-%(1Ŋ+ Ŋ/1.'( (!(¢-Ŋ"#Ŋ(-%#1(1Ŋ +!.'.+ē
.,#ĹŠ /1#! 4!(.-#2 Ĺ—ĹŠĹŠ
2ĹŠ/1;!3(! ,#-3#ĹŠ(,/.2( +#ĹŠ/ 1 ĹŠ 4-ĹŠ!(4" " -.ĹŠÄĄ!.,ĂŒ-ĹŠ8ĹŠ!.11(#-3#ĢŊ "($#1#-!( 1ĹŠ"(1#!3 ,#-3#ĹŠ2(ĹŠ4- ĹŠ .Äą 3#++ ĹŠ"#ĹŠ+(!.1ĹŠ"#ĹŠ5#-3 ĹŠ+( 1#ĹŠ#-ĹŠ!4 +Äą 04(#1ĹŠ+(!.1#1~ ĹŠ.ĹŠ!#-31.ĹŠ"#ĹŠ#7/#-"(.ĹŠ !.-3(#-#ĹŠ +!.'.+ĹŠ(-"4231( +Ä“
2Ŋ,#"(" 2Ŋ. +(% 3.1( 2Ŋ"#Ŋ /1#! 4!(¢-Ŋ2.-Ŋ+ 2Ŋ"#Ŋ ! 3 1Ŋ+ Ŋ/1.Ĺ '( (!(¢-Ŋ"#Ŋ #8Ŋ #! Ŋ8Ŋ 23#-#12#Ŋ "#Ŋ "04(1(1Ŋ#23#Ŋ/1."4!3.Ŋ#-Ŋ!48.2Ŋ #-5 2#2Ŋ-.Ŋ2#Ŋ#7'( Ŋ24Ŋ1#%(231.Ŋ 2 -(3 1(.ē
ēŊ -Ŋ'.2/(3 +Ŋ,¢5(+Ŋ++#%¢Ŋ Ŋ .2Ŋ ~.2Ŋ/ 1 Ŋ 84" 1Ŋ Ŋ+.2Ŋ/ !(#-3#2ēŊ
h[i" Wi‡ Yece ejhei bk]Wh[i Zed# BWi kd_ZWZ[i feb_Y_Wb[i i[ Z[ i[ [nf[dZ[d b_Yeh[i" WXh_[hed Z[ifbWpWhed ^WY_W bei YWdjed[i [d ^ehWi Z[ bW cW‹WdW Yed jejWb :kh|d" :Wkb[" DeXeb o IWdjW Bk# dehcWb_ZWZ$ Bei Yedjheb[i feb_# Y‡W" ZedZ[ [n_ij[d Z[dkdY_Wi Z[ Y_Wb[i [cf[pWhed [d bW jWhZ[$ i_j_ei ZedZ[ i[ Yec[hY_W# ;b 9ec_jƒ Z[ Ef[hW# b_pWd WbYe^eb Z[ cWd[hW ĹŠ Y_ed[i Z[ ;c[h][dY_W _b[]Wb$ 9E; i[ h[kd_ÂŒ fWiWZWi <|j_cW <hWdYe" ikXi[# bWi ''0&& o [ijWXb[Y_ÂŒ _d_# Yh[jWh_W Z[ IWbkZ" _dZ_YÂŒ ĹŠ .+(!~ ĹŠ(-! 4Äą 3¢ŊÄ?ēĊÄ?ćŊ+(31.2ĹŠ"#ĹŠ Y_Wh bei Yedjheb[i$ gk[ Wb >eif_jWb Z[ ?d\[Y# +!.'.+ĹŠ(-"42Äą jebe]‡W @eiƒ :Wd_[b HeZh‡# 31( +ĹŠ#-ĹŠ -3.ĹŠ ĊĉŊ"#3#-(".2ĹŠ#-ĹŠ .) .,(-%.Ä“ ]k[p" bb[]Whed '& fWY_[d# BW ?dj[dZ[dY_W Z[ Feb_# j[i Z[ Z[ Bei H‡ei" Yed Y‡W" Wb cWdZe Z[ ;ZkWh# YkWZhei Yb‡d_Yei Yh‡j_Yei$ Ejhei Ze @_cƒd[p" i[ [dYk[djhW Z[iW# eY^e bb[]Whed Wb >eif_jWb Bk_i hhebbWdZe kd Yedjheb [n^Wkij_le$ L[hdWpW$ 9edi[Yk[dY_W Z[b Yedjheb i[ ^W YbWkikhWZe kd XWh [d [b XWhh_e Dk[lW =hWdWZW [d ZedZ[ i[ #5(2(.-#2ĹŠ#-ĹŠ .3./ 7( ;b Z_h[Yjeh fhel_dY_Wb Z[ IWbkZ l[h_Ă’ YÂŒ gk[ [ijWXW _d\h_d]_[d# Z[ 9ejefWn_" @eiƒ ?pkh_[jW" Wdkd# Ze bW B[o I[YW" o i[ Z[jkle W )( Y_ÂŒ gk[ i[ jecWh|d c[Z_ZWi fh[# f[hiedWi gk[ i[ [dYedjhWXWd [d l[dj_lWi$ ;nfb_YÂŒ gk[ FWd]kW ik _dj[h_eh" gk_[d[i j[dZh|d kdW [i kde Z[ bei YWdjed[i ZedZ[ i[ iWdY_ÂŒd Z[ fh_i_ÂŒd feh Zei Z‡Wi$ ][d[hWd ]hWdZ[i YWdj_ZWZ[i Z[ b_Yeh o Yecfk[ijei" feh be gk[ -;+(2(2ĹŠ#-ĹŠ ++41(04~Wo[h" jhWi cWdj[d[h kdW h[kd_ÂŒd" Kd Wd|b_i_i X_egk‡c_Ye i[ h[W# bWi Wkjeh_ZWZ[i \k[hed Wb bk]Wh$ b_pWh| Wb b_Yeh gk[ i[ [nf[dZ[ [d 7bbkh_gk‡d$ ;ie [i fWhj[ Z[b jhWXW`e gk[ h[Wb_pW bW :_h[YY_ÂŒd #2. #"(#-!( ĹŠ#-ĹŠ +ĹŠ 1. F[i[ W gk[ bW B[o I[YW Yec[dpÂŒ [b Fhel_dY_Wb Z[ IWbkZ [d IWdje :e# Zec_d]e" feYei bW eX[Z[Y_[hed$ c_d]e Z[ bei Ji|Y^_bWi$ ;d 7bbk# ;d bW fWhhegk_W Fk[hje 8eb‡lWh h_gk‡d i[ l[dZ[ b_Yeh feh b_jhei Z[ CWY^WbW" Wb]kdWi XWhhWi o XW# [d bei beYWb[i ZedZ[ jWcX_ƒd i[
.ĹŠ' !#-ĹŠ !.-!(#-!( Ĺ—ĹŠĹŠ
-Ŋ'.1 2Ŋ"#Ŋ+ Ŋ,  - Ŋ"#Ŋ 8#1ĔŊ /#12.- +Ŋ"#+Ŋ .2/(3 +Ŋ 4 -Ŋ .-Ĺ 3 +5;-ĔŊ"#Ŋ .2Ŋ ~.2ĔŊ!.-Ŋ+ Ŋ .+(!~ Ŋ !(.- +ĔŊ#,/1#-"(¢Ŋ4-Ŋ./#1 3(5.ĔŊ /4#23.Ŋ04#Ŋ1#!( (#1.-Ŋ4- Ŋ"#-4-Ĺ !( Ŋ"#Ŋ04#Ŋ/#12.- 2Ŋ"#+Ŋ2#!3.1Ŋ Ŋ 4(-3 Ŋ#23 -Ŋ!.-24,(#-".Ŋ+(!.1ēŊ
4#%.Ŋ2#Ŋ31 2+ " 1.-Ŋ Ŋ -Ŋ -3.-(.Ŋ /#1.Ŋ-.Ŋ#-!.-31 1.-Ŋ- " ēŊ +Ŋ(-2/#!3.1Ŋ2 -(3 1(.Ŋ"#Ŋ+ Ŋ! 2 Ŋ "#Ŋ2 +4"ĔŊ .1%#Ŋ ++#-Ŋ2# +¢Ŋ04#Ŋ Ŋ /#2 1Ŋ"#Ŋ+ 2Ŋ "5#13#-!( 2Ŋ04#Ŋ+#2Ŋ ' -Ŋ'#!'.Ŋ/.1Ŋ3.".2Ŋ+.2Ŋ,#"(.2Ŋ 2(%4#-Ŋ # (#-".Ŋ +!.'.+Ŋ "4+3#1 ".ēŊ
Ŋ++#% " Ŋ"#Ŋ/ !(#-3#2Ŋ-.Ŋ!#2 ēŊ
e\[hjW c[bYeY^Wi" ZkbY[i o cWd‡ [dYeÒ jWZe$ -3#-2(5.Ŋ#-Ŋ - ~
BWi Wkjeh_ZWZ[i Z[ bW fhel_dY_W Wi[]khWd gk[ i[ Z[Yec_iWh| jeZW X[X_ZW WbYe^ÂŒb_YW gk[ de j[d]W h[]_ijhe iWd_jWh_e" _dYbko[dZe [b jhWZ_Y_edWb W]kWhZ_[dj[ cWdWX_# jW bbWcWZW ĂˆYkhh_dY^eÉ$ ;ije" f[i[ W gk[ de i[ ^W h[fehjWZe d_d]‘d YWie Z[ ck[hj[ e f[hiedWi _d# jen_YWZWi$
ƒ Ă
Ä ÄŠĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
#338ĹŠ .+ ĹŠ1##,/+ 9 ĹŠ ĹŠ 2!4"#1.ĹŠ#-ĹŠ+ ĹŠ #- ,(
.1#- ĹŠ 2!4"#1.ĹŠ1#-4-!(¢Ŋ ĹŠ+ ĹŠ #!1#3 1~ ĹŠ !(.- +ĹŠ"#+ĹŠ (%1 -3#ĔŊ+4#%.ĹŠ"#ĹŠ' #1ĹŠ2(".ĹŠ+ ĹŠ3(34+ 1ĹŠ"#ĹŠ"(!' ĹŠ! 13#1 ĹŠ"#2"#ĹŠ ĉććÄ?ēŊ 1#2#-3¢Ŋ24ĹŠ"(,(2(¢-ĹŠ +ĹŠ! 1%.ĹŠ+ ĹŠ2#, - ĹŠ/ 2 " ĹŠ8ĹŠ242ĹŠ#7!.+ .1 ".1#2ĹŠ+ ĹŠ!.-.!(#1.-ĹŠ#+ĹŠ2; ".ēŊ -ĹŠ24ĹŠ1##,/+ Äą 9.ĹŠ#23 1;ĹŠ #338ĹŠ .+ ĔŊ04(#-ĹŠ2#ĹŠ"#2#,/# ¢Ŋ!.,.ĹŠ 2 , +#~23 ĹŠ!.-23(34!(.- +ĹŠ#-ĹŠ .-3#!1(23(Ä“
& (.š(ŋ3ŋ / # ( # ŋ ")3ŋ*),ŋ &ŋ (#0 ,-) Ŋ š Bei [cfb[WZei Z[ bW
YecfW‹‡W ;b Kd_l[hie" W]bkj_dW# Zei [d ik Yec_jƒ Z[ [cfh[iW" Yed# leYWhed fWhW [ij[ Z‡W W kd fbWdjÂŒd fWY‡Ò Ye o lebkdjWh_e Z[ h[ifWbZe o ieb_ZWh_ZWZ Yed [b Z_Wh_e$ ;ije" feh bW Z[cWdZW fbWdj[W# ZW feh [b fh[i_Z[dj[ Z[ bW H[f‘# Xb_YW" HW\W[b 9ehh[W" W bei Z_h[Y# j_lei Z[b hejWj_le o W bW YecfW‹‡W feh kdW YkWdj‡W c_bbedWh_W feh [b Z[iWYk[hZe Yed kd Whj‡Ykbe Z[ ef_d_ÂŒd$ Bei jhWXW`WZeh[i Z_Y[d gk[ bei fh_dY_f_ei kd_l[hiWb[i gk[ [b Z_Wh_e ^W Z[\[dZ_Ze ZkhWdj[ iki /& W‹ei Z[ ^_ijeh_W" XWiWZe [d bW :[YbWhWY_ÂŒd Kd_l[hiWb Z[ bei :[h[Y^ei >kcWdei Z[ bW EDK" h[l[bWd gk[ jeZW kdW ieY_[ZWZ
Z[ceYh|j_YW d[Y[i_jW kdW fh[diW b_Xh[" gk[ [b feZ[h feb‡j_Ye jeb[h[$ Æ9h[[cei gk[ [b `k_Y_e gk[ h|# f_ZWc[dj[ WlWdpW [d bWi Yehj[i [YkWjeh_WdWi [i kdW Wc[dWpW o kdW WZl[hj[dY_W" de iebe YedjhW [b Z_Wh_e" i_de YedjhW bW ieY_[ZWZ [YkWjeh_WdW [dj[hW" gk[ d[Y[i_jW kdW fbkhWb_ZWZ [d ik e\[hjW _d# \ehcWj_lW o jejWb b_X[hjWZ fWhW [i# Ye][h [djh[ [iW e\[hjWÇ" Z_Y[d bei [cfb[WZei [d kd Yeckd_YWZe$ ;b fbWdjÂŒd i[h| [d bWi Wl[d_ZWi / Z[ EYjkXh[ o ;iYeX[Ze$ C_[djhWi jWdje" fWhW ^eo W bWi '&0&&" [ijW fhe]hWcWZW bW WkZ_[dY_W Z[ `kp]Wc_[dje W YWh# ]e Z[ bW `k[pW ZeY[ Z[ =WhWdj‡Wi F[dWb[i Z[b =kWoWi" =kWZWbkf[ CWdh_gk[ Heii_$
Ĺ‹ , "#0 Ĺ‹& Ĺ‹ /- Ĺ‹ )(., Ĺ‹ # ,#)Ĺ‹ )3 9Wi_ kd c[i Z[ifkƒi Z[ ^WX[hi[ FheW‹e" gk_[d[i j[d‡Wd [ifWhWZhW# [\[YjkWZe bW WkZ_[dY_W Z[ fhk[XW fei [d bW XeYW o bW \hWi[ ÂľO i_ dkdYW o `kp]Wc_[dje ieXh[ bW Z[dkdY_W i[ ^kX_[i[d e‡Ze iki fWbWXhWi5" _dj[hfk[ijW feh bW c_d_ijhW Yeeh# \k[hed fWhj[ Z[ kdW YWcfW‹W W \W# Z_dWZehW Z[ bW Feb‡j_YW" :eh_i Ie# leh Z[ bW b_X[hjWZ Z[ [nfh[i_ÂŒd h[W# b_p" [d YedjhW Z[ :_Wh_e >eo" feh b_pWZW feh lWh_ei c[Z_ei _cfh[iei bW ikfk[ijW l_ebWY_ÂŒd Z[b i_b[dY_e o de [d YedjhW Z[ bWi fh[]kdjWi ) o [b[YjehWb fh[l_e W bW YedikbjW fe# / Z[ bW YedikbjW fefkbWh$ 7i_c_ice" cWd_\[ijÂŒ gk[ fkbWh" [b `k[p Z[b Jh_XkdWb 9ed# j[dY_eie ;b[YjehWb J9; " :ek# f[i[ W bW Z[dkdY_W ^[Y^W feh Ie# b_p ieXh[ gk[ [ijWi fkXb_YW# ]bWi Gk_dj[he" h[iebl_ÂŒ Y_ed[i ^WXh‡Wd _dĂ“ k_Ze Z[ Wo[h WhY^_lWh [b YWie$ ĹŠ cWd[hW d[]Wj_lW [d [b [b[Y# ;b `k[p i[‹WbÂŒ gk[ Æ:_W# jehWZe Z[X_Ze W gk[ ^WX‡W h_e >eo" h[fh[i[djWZe feh Zei fh[]kdjWi Z[ bW Yed# @W_c[ CWdj_bbW" de ^W _dYk# ĹŠ,(-(231 ĹŠ .+(9ĹŠ /#"~ ĹŠ4- ĹŠ2 -Äą hh_Ze [d [b Yec[j_c_[dje Z[ !(¢-ĹŠ"#ĹŠÄˆÄ‡Ä‡Ä“Ä‡Ä‡Ä‡ĹŠ ikbjW fefkbWh h[bWY_edWZW "¢+ 1#2ĹŠ/ 1 ĹŠ bW _d\hWYY_ÂŒd [b[YjehWbÇ$ De ( 1(.ĹŠ .8ĔŊ/.1ĹŠ Yed bei c[Z_ei Z[ Yeckd_# YWY_ÂŒd" Æde i[ ^W fheXWZe eXijWdj[" ^_pe kd bbWcWZe + ĹŠ24/4#23 ĹŠ5(.Äą + !(¢-ĹŠ"#+ĹŠ2(+#-Äą feh d_d]‘d c[Z_eÇ gk[ Z[ Wj[dY_ÂŒd W iki Z_h[Yj_lei" !(.ĹŠ#+#!3.1 +Ä“ ^WoW i_Ze [iW bW _dj[dY_ÂŒd [Z_jeh[i o WZc_d_ijhWZeh[i Z[ :_Wh_e >eo$ fWhW gk[ [d Æ[b \kjkhe i[ WXij[d]Wd Z[ h[Wb_pWh fkXb_YWY_e# d[i ieXh[ j[cWi gk[ feZh‡Wd j[d[h /#+ !(¢-ĹŠ"#ĹŠ+ ĹŠ2#-3#-!( h[bWY_ÂŒd Yed fheY[iei [b[YjehWb[i FWhW FWXbe 8WYW" WXe]WZe Z[ Ie# [d Ykhie" W Ă’ d Z[ ]WhWdj_pWh kdW b_p" bW i[dj[dY_W ^W Z[j[hc_dWZe [\[Yj_lW l[ZW [b[YjehWbÇ$ Ækd [cfWj[Ç" feh bbWcWh bW Wj[d# BW Z[Y_i_ÂŒd jecWZW feh Gk_d# Y_ÂŒd W :_Wh_e >eo o de iWdY_e# j[he i[ Z_e bk[]e Z[ WdWb_pWh gk[ bWi dWhbe" Æ[d [b :[h[Y^e de ^Wo [c# _c|][d[i Z[ Ă’ ]khWi ^_ijÂŒh_YWi Z[b fWj[" [ie ^Wo [d [b \‘jXebÇ" i[‹WbÂŒ ;YkWZeh" Yece ;k][d_e ;if[`e" o W‹WZ_ÂŒ gk[ fh[i[djWh| ^eo kdW Jh|di_je 7cW]kW‹W o B[ed_ZWi Wf[bWY_ÂŒd Wdj[ [b 9edj[dY_eie$
ēŊ +Ŋ)4#9Ŋ#-! 1% ".Ŋ"#+Ŋ3#, Ŋ"().Ŋ04#Ŋ#+Ŋ1.3 3(5.Ŋ-.Ŋ5(.+¢Ŋ#+Ŋ2(+#-!(.Ŋ #+#!3.1 +ē
ēŊ 11.04~-Ŋĸ(9ēĚĔŊ"41 -3#Ŋ24Ŋ#-!4#-31.Ŋ!.-Ŋ#+Ŋ #$#-2.1Ŋ"#+Ŋ 4# +.ēŊ
Ćŋ ) # ,()Ĺ‹ +/# , Ĺ‹ )(.,)& ,Ĺ‹ & Ĺ‹#( ),' #š( .-9 +.ĹŠ 11.04~-ĹŠ"().ĹŠ04#ĹŠ2(ĹŠ2#ĹŠ /14# ĹŠ+ ĹŠ+#8ĹŠ"#ĹŠ,#"(.2ĔŊ+ ĹŠ1#2(23#-Äą !( ĹŠ"#ĹŠ+ ĹŠ%#-3#ĹŠ2#1;ĹŠ+.ĹŠ04#ĹŠ04#"#ēŊ Bk[]e Z[ Ykcfb_h ik W][dZW [d [b fW‡i" Z[b[]WZei Z[ bW IeY_[# ZWZ ?dj[hWc[h_YWdW Z[ Fh[diW I?F " [dYWX[pWZei feh ik j_jk# bWh" =edpWbe CWhhegk‡d" i[ fhe# dkdY_Whed bW jWhZ[ Z[ Wo[h ieXh[ bei WbYWdY[i o Yedi[Yk[dY_Wi Z[ bW fei_Xb[ WfheXWY_ÂŒd Z[b fhe# o[Yje Z[ b[o Z[ Yeckd_YWY_ÂŒd$ ÆBW [lWbkWY_ÂŒd Z[ [ijW c_# i_ÂŒd [i cko iWj_i\WYjeh_W" f[he j[hc_dWcei Yed kdW fh[eYk# fWY_ÂŒd fhe\kdZW" [d [b i[dj_Ze [d gk[ YedĂ’ hcWcei o h[WĂ’ h# cWcei gk[ [d ;YkWZeh i[ [ij| fhecel_[dZe bW WfheXWY_ÂŒd Z[ kdW b[o cehZWpW o gk[ [n_ij[ kdW feb‡j_YW YbWhWc[dj[ Z[Ă’ d_# ZW Z[ fWhj[ Z[b =eX_[hde fWhW YedjhebWh bW _d\ehcWY_ÂŒd" W jhW# lƒi Z[b WYeie W bW fh[diW" feh kd bWZe" Z[ bW cWd_fkbWY_ÂŒd Z[ bW fkXb_Y_ZWZ eĂ’ Y_Wb o Z[ bW YedY[djhWY_ÂŒd Z[ c[Z_ei W \W# leh Z[b =eX_[hde" feh [b ejheÇ" ieijkle CWhhegk‡d$ I[ jhWjW" i[]‘d ƒb" ÆZ[ kdW [ijhWj[]_W kd_bWj[hWb fWhW gk[ [b fk[Xbe [YkWjeh_Wde iebe fk[# ZW h[Y_X_h bW _d\ehcWY_ÂŒd gk[ [b =eX_[hde gk_[hW" [d bW b‡d[W gk[ [bbei gk_[hWdÇ$
.-3#73.
CWhhegk‡d \ehckbÂŒ [ijWi Z[YbW# hWY_ed[i [d kdW hk[ZW Z[ fh[d# iW YedleYWZW fWhW _d\ehcWh ieXh[ bei h[ikbjWZei Z[ ik l_i_jW o Z[ \hkijhWZei _dj[djei Z[ Z_|# be]ei Z_h[Yjei Yed [b fh[i_Z[dj[ HW\W[b 9ehh[W o Yed WiWcXb[‡i# jWi Z[b eĂ’ Y_Wb_ice$ ;ijW W][dZW [cf[pÂŒ W fh_c[# hW ^ehW Z[b Z‡W Yed kdW [djh[l_i# jW [d kd c[Z_e Z[ Yeckd_YWY_ÂŒd hWZ_Wb o" W h[d]bÂŒd i[]k_Ze" Yed kd [dYk[djhe Yed [b Z[\[dieh Z[b fk[Xbe" <[hdWdZe =kj_ƒhh[p$ ;ij[ \kdY_edWh_e [YkWjeh_Wde [l_jÂŒ Yec[djWh ieXh[ [ijW Y_jW o WYbWhÂŒ gk[ _dYehfehWh| Yh_j[h_ei Z[ ejhei i[Yjeh[i Wdj[i Z[ [c_# j_h kd fhedkdY_Wc_[dje ieXh[ j[cWi h[bWY_edWZei Yed bW _d\eh# cWY_ÂŒd f‘Xb_YW [d [b fW‡i$ CWhhegk‡d" i_d [cXWh]e" [d bW Y_jW" gk[ i[ [nj[dZ_ÂŒ feh kdW ^ehW Yed (& c_dkjei" [nfh[iÂŒ gk[ Ye_dY_Z_[hed [d gk[ [b ;ijWZe Z[X[ ]WhWdj_pWh WXiebkjWc[dj[ bW b_X[hjWZ Z[ [nfh[i_ÂŒd$ ,/4%- !(¢-
<h[dj[ bW B[o Z[ 9eckd_YWY_ÂŒd" h[Yec[dZÂŒ Wb ÆY_kZWZWde Ye#
c‘d o Yehh_[dj[Ç" W ik fh[diW o W bWi _dij_jkY_ed[i" ÆjhWXW`Wh Wh# ZkWc[dj[ [d ^WY[h YedY_[dY_W Z[ gk[ i_ X_[d [ijW b[o W\[YjW o [ij| Z_h_]_ZW YedjhW bW fh[diW" [b ZW‹e cWoeh i[ b[ lW W ^WY[h W bW ieY_[# ZWZ" gk[ oW de lW W iWX[h be gk[ [ij| eYkhh_[dZe [d [b fW‡iÇ$
,#-3 +#
BW c_i_ÂŒd Z[ bW I?F jWcX_ƒd Wi[# l[hÂŒ gk[ [i bWc[djWXb[ gk[ bW Fh[i_Z[dY_W Z[ bW H[f‘Xb_YW de YedY[Z_[hW kdW Y_jW Yed HW\W[b 9ehh[W d_ Yed ejhe \kdY_edWh_e Z[ ;ijWZe c_[djhWi de i[ YkcfbW [b YedZ_Y_edWc_[dje Z[ e\h[Y[h Z_iYkbfWi f‘Xb_YWi feh ef_d_ed[i l[hj_ZWi feh CWhhegk‡d ieXh[ bW b_X[hjWZ Z[ fh[diW [d ;YkWZeh$ IeXh[ [ij[ fkdje" i[]‘d [b eĂ’ Y_Wb_ijW ;b 9_kZWZWde" [b i[# Yh[jWh_e Z[ 9eckd_YWY_ÂŒd" <[h# dWdZe 7blWhWZe" Z_`e gk[ Æ[ijWi f[hiedWi Yh[[d gk[ ik feZ[h \|Yj_Ye b[i ZW Z[h[Y^e W [djhe# c[j[hi[ [d bWi Z[Y_i_ed[i ieX[# hWdWi Z[ kd fW‡i" Z[\[dZ_[dZe iebe iki _dj[h[i[iÇ$ 7dj[ bW d[]Wj_lW Z[ e\h[Y[h Z_iYkbfWi" Z_`e0 Æde c[ [njhW‹W [d be WXiebkje" bW l[p fWiWZW i[ bei h[Y_X_ÂŒ o ied jWd _dYe^[h[d# j[i gk[ de f[hc_j_[hed _d]h[iWh W bW fh[diW gk[ Z_Y[d Z[\[dZ[h" W bW h[kd_ÂŒd Yed Wbjei \kdY_e# dWh_ei Z[b =eX_[hde $$$ [i kdW _dYe^[h[dY_W gk[ W]h[Z[Ç$
Ĺ‹'/ ,. Ĺ‹ ,/4 Ĺ‹()Ĺ‹ -/-. Ĺ‹ (Ĺ‹& Ĺ‹ - ' & ă!( +(2,.ĹŠ8ĹŠ ./.2(!(¢-ĹŠ!.(-!(Äą "#-ĹŠ#-ĹŠ04#ĹŠ2#1~ ĹŠ "#!4 ".ĹŠ(1ĹŠ ĹŠ#23#ĹŠ /1.!#2.Ä“ 7dj[ bWi Wc[dWpWi Z[b fh[i_Z[d# j[ Z[ bW H[f‘Xb_YW" HW\W[b 9e# hh[W" ZkhWdj[ ik [dbWY[ iWXWj_de" Z[ bbWcWh W bW ck[hj[ YhkpWZW" bW efei_Y_ÂŒd o [b eĂ’Y_Wb_ice [d [b B[]_ibWj_le Ye_dY_Z[d Yed bW fhe# fk[ijW o f_Z[d gk[ i[ Yedlegk[ [ijW Ă’]khW oW$ ;b WiWcXb[‡ijW 9ƒiWh Cedj‘# \Wh 9D: h[jÂŒ W 9ehh[W W Ykcfb_h ik fhec[iW" oW gk[ ÆbW 7iWcXb[W DWY_edWb [ij| fWhW b[]_ibWh Wb fW‡i o de fWhW YecfbWY[h bei YWfh_Y^ei Z[ kdW iebW f[hiedWÇ" fehgk[ Æ[b fW‡i [ij| YWdiWZe Z[ Z_iYkhiei Wfh[dZ_Zei" Wc[dWpWi i_d Ykc# fb_h o fh[fej[dY_W feh fWhj[ Z[ kd fh[i_Z[dj[ Yed [b gk[ [i _cfei_Xb[ d[]eY_Wh" fehgk[" fWhW ƒb" Z_iYh[# fWh [i Xe_Yej[WhÇ$ Feh ik fWhj[" F[Zhe Z[ bW 9hkp F7?I [nfh[iÂŒ gk[ [b fk[Xbe de gk_[h[ gk[ ^WoW ejhW fk]dW Z[ feZ[h[i [d [b fW‡i feh be gk[ i[ Yh[ÂŒ bW ck[hj[ YhkpWZW fWhW gk[ ^WoW ]eX[hdWX_b_ZWZ o gk[ i_ de ^Wo lebkdjWZ feb‡j_YW Ægk[ c|i gk[ZW gk[ _hdei W bW YWiWÇ$ #5.! 3.1( ĹŠ"#ĹŠ, -" 3. ;d YkWdje W bW Wc[dWpW Z[ h[leYW# jeh_Wi Z[ cWdZWje" @_cco F_deWh# ]ej[ C?D " kde Z[ bei WbkZ_Zei" [d\Wj_pÂŒ gk[" i_ [b Fh_c[h CWd# ZWjWh_e gk_[h[ _h W h[Ye][h Ă’hcWi fWhW [bbe Ægk[ be ^W]W" i_ [i ik Z[# i[eÇ" f[he WĂ’hcÂŒ gk[ iebWc[dj[ fk[Z[d ^WY[hbe bei Y_kZWZWdei Z[ bW fhel_dY_W Z[ IWdjW ;b[dW$ BW Wc[dWpW \k[ feh de Ykc# fb_h Yed [b cWdZWje fefkbWh" _d#
Ĺ? Ä ÄŠĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ĺ?
Ĺ? +. ÄŒĹ?
ă
ĹŠ (+#-!(.ĹŠ5#1"#
Ĺ—ĹŠĹŠĹŠ
7b fWh[Y[h bW b_X[hjWZ Z[ [n# fh[i_ÂŒd [ij| XWijWdj[ YeWhjWZW Z[djhe Z[ bWi Ă’bWi Z[ 7b_WdpW F7?I" f[i[ W gk[ fh[]edWd gk[ gk_[h[d ^WY[h bW c[`eh B[o Z[ 9eckd_YWY_ÂŒd" fk[i Wb fWh[Y[h ^Wo lWh_ei b[]_ibWZe# h[i" Z[ bei c[dei YedeY_Zei" gk[ YedijWdj[c[dj[ ied h[# ]W‹WZei feh [c_j_h ef_d_ed[i ieXh[ Y_[hjei j[cWi" oW gk[ ieb[cd[c[dj[ gk_[h[d gk[ i[ cWdj[d]Wd bWi c_icWi YWhWi [d bW c_hWZW f‘Xb_YW$ ÂśGkƒ YedjhWZ_YY_ÂŒd Yed ik WfWh[dj[ fheo[Yje feb‡j_Ye _dYbki_le
ĹŠ .8ĔŊ ĹŠ/ 13(1ĹŠ"#ĹŠ + 2ĹŠÄˆÄ?ĖććĔŊ#23;ĹŠ /1#5(23 ĹŠ4- ĹŠ 1#4-(¢-ĹŠ"#ĹŠ)#$#2ĹŠ "#ĹŠ +.04#ĹŠ!.-ĹŠ#+ĹŠ /1#2("#-3#ĹŠ"#ĹŠ+ ĹŠ 2 , +# ĔŊ #1- -".ĹŠ .1"#1.Ä“
.3(9 ".2
ēŊ -Ŋ".2Ŋ.! 2(.-#2ĔŊ+ Ŋ2#, - Ŋ/ 2 " ĔŊ+ Ŋ./.2(!(¢-Ŋ+.%1¢Ŋ4- Ŋ, 8.1~ Ŋ#-Ŋ#+Ŋ +#-.ēŊ
Z_YÂŒ [b b[]_ibWZeh o ikXhWoÂŒ gk[" i_ i[ jhWjW Z[ [bbe ƾfeh gkƒ [b Fh[i_Z[dj[ de f_Z[ bW h[leYWjeh_W Z[b cWdZWje Z[ bei WiWcXb[‡ijWi Z[ 7b_WdpW F7?I [d YkoWi fhe# l_dY_Wi ]WdÂŒ [b De5Ç$ L_h]_b_e >[hd|dZ[p F7?I [ij| Z[ WYk[hZe Yed iWdY_edWh W MWi# ^_d]jed 9hkp" feh ik lejWY_ÂŒd Z[b fWiWZe l_[hd[i" Wb de WYWjWh bW Z[# Y_i_ÂŒd Z[b Xbegk[" o ieijkle gk[ 9hkp Z[Ă’[dZ[ _dj[h[i[i f[hiedW# b[i oW gk[ Æ[b e\h[Y_c_[dje Z[ gk[ fk[ZW ^WX[h kd l_W`[ c[dikWb" [b YkWb i[h| fW]WZe feh bW 7iWcXb[W" [i be gk[ ][d[hÂŒ ik WYj_jkZÇ" h[Ă’# h_ƒdZei[ W bWi h[\ehcWi W bW BE<B" WĂ’hcWdZe gk[ [b bk]Wh [d ZedZ[ [ij| ÆbW jhWdpWÇ [i [d bei i[Yjeh[i Z[ efei_Y_ÂŒd$ Æ9WZW bWZhÂŒd `kp]W feh ik YedZ_Y_ÂŒdÇ" \k[ bW h[ifk[ijW Z[ HW\W[b :|l_bW 7B $ ;d YkWdje W bWi h[\ehcWi W bW BE<B [nfb_YÂŒ gk[ [ij| Z[ WYk[hZe Yed Wb]kdWi ceZ_Ă’YWY_ed[i o Z[ W^‡ ik Wfe# oe" o ieijkle gk[ bWi WYkiWY_e# d[i [d ik YedjhW ied \WbiWi o gk[
Ŋ' + Ŋ"#Ŋ-4#5 Ŋ, 8.1~ ŊŊ ēŊěŊ +Ŋ .5(,(#-3.Ŋ ./4+ 1Ŋ #,.!1;3(!.Ŋĸ ĚŊ!.-!+48¢ĔŊ31 2Ŋ24Ŋ ŗ 2 , +# ĔŊ04#Ŋ+ Ŋ-4#5 Ŋ, 8.1~ Ŋ 2/(1 Ŋ Ŋ"#5.+5#1Ŋ Ŋ+ Ŋ 2 , +# Ŋ !(.- +Ŋ24Ŋ
! / !(" "ĹŠ"#ĹŠÄƒ2! +(9 !(¢-ĹŠ ĹŠ+.2ĹŠ$4-!(.- 1(.2ĹŠ/ĂŒ +(!.2ĹŠ(-5.+4!1 ".2ĹŠ#-ĹŠ !3.2ĹŠ"#ĹŠ !.114/!(¢-Ä“ ÄĄ 2ĹŠ-#!#2 1(.ĹŠ1# 1, 1ĹŠ4- ĹŠ-4#5 ĹŠ!.11#+ !(¢-ĹŠ"#ĹŠ$4#19 2ĹŠ/.104#ĹŠ ĹŠ8 ĹŠ-.ĹŠ/4#"#ĹŠ #23 1ĹŠ +ĹŠ$1#-3#ĹŠ"#ĹŠ+ ĹŠ 2 , +# ĔŊ/4#2ĹŠ#+ĹŠ/4# +.ĹŠ04(#1#ĹŠ +%.ĹŠ"(23(-3.ĹŠ#ĹŠ(-"#/#-"(#-Äą 3#ĢĔŊ"().ĹŠ .1%#ĹŠ 2! + Ä“
Z[X[d i[h fheXWZWi$ +ĹŠ"#+#% ". :[iZ[ bWi Ă’bWi Z[b eĂ’Y_Wb_ice i[ Wi[]khW gk[ bW efei_Y_ÂŒd XkiYW _cf[Z_h bW i[b[YY_ÂŒd Z[b Z[b[]W# Ze Z[ bW 7iWcXb[W Wb 9edi[`e Z[ bW @kZ_YWjkhW Z[ JhWdi_Y_ÂŒd" f[he >[hd|dZ[p [if[hW gk[ [ijW i[cWdW i[ be [b_`W o W]h[]ÂŒ gk[ i_ [b j[cW i_]k[ Z[j[d_ƒdZei[ Z[# X[h‡Wd oW fei[i_edWhi[ bei Z[b[# ]WZei Z[ bW <kdY_ÂŒd ;`[Ykj_lW o Z[ bW Z[ JhWdifWh[dY_W$ ÆEXl_Wc[dj[" ( Z[ ) ied cW# oeh‡W" feh be jWdje" feZh‡W _d_Y_Wh ik jhWXW`eÇ" i[‹WbÂŒ [b b[]_ibWZeh o
:[ bW 9hkp Ye_dY_Z_ÂŒ$ F_deWh]ej[ h[YehZÂŒ gk[ [b (* Z[ cWoe" kd ]hkfe Z[ b[]_ibW# Zeh[i Z[ efei_Y_ÂŒd fh[i[djÂŒ kd fheo[Yje Z[ h[iebkY_ÂŒd fWhW gk[ bW Z[i_]dWY_ÂŒd Z[b Z[b[]WZe i[ h[Wb_Y[ W jhWlƒi Z[ kd YedYkhie f‘Xb_Ye" f[he gk[ +& Z‡Wi Z[i# fkƒi" <[hdWdZe 9ehZ[he" j_jk# bWh Z[b B[]_ibWj_le" de ^W jecW# Ze W‘d d_d]kdW Z[Y_i_ÂŒd fWhW jhWdifWh[djWh [b fheY[ie$ :|l_bW [nfkie gk[ bW 9ec_i_ÂŒd Jh_fWhj_jW de fk[Z[ \kdY_edWh W c[dei gk[ [ijƒ _dj[]hWZW oW feh iki jh[i c_[cXhei" YWie YedjhWh_e i[h‡W ÆWhX_jhWh_e o Wkjeh_jWh_eÇ$
Ĺ‹ )'#-#š(Ĺ‹ ,#* ,.#. Ĺ‹ '*# 4 Ĺ‹ )(Ĺ‹ )-Ĺ‹'# ' ,)FWkbe HeZh‡]k[p o <[hdWdZe O|lWh" Z[b[]WZei Z[b ;`[Ykj_le o Z[ bW <kdY_ÂŒd Z[ JhWdifWh[dY_W" h[if[Yj_lWc[dj[" WYkZ_[hed Wo[h Wb 9edi[`e Z[ bW @kZ_YWjkhW 9@ " fWhW h[Y_X_h kd _d\ehc[ ieXh[ bW i_jkWY_ÂŒd WZc_d_ijhWj_lW Z[ bW _dij_jkY_ÂŒd [ _d_Y_Wh ik jhWXW`e Z[djhe Z[ bW Yec_i_ÂŒd Z[ jhWdi_# Y_ÂŒd Z[ bW @kZ_YWjkhW$ ;b ZeYkc[dje \k[ [djh[]WZe feh [b Z_h[Yjeh ][d[hWb [ " =ki# jWle :edeie" gk_[d i[‹WbÂŒ gk[ [d [b j[nje lW _d\ehcWY_ÂŒd gk[ fk[Z[ i[h [b fkdje Z[ fWhj_ZW$ ÆIed (.& ^e`Wi" ZedZ[ YedijW jeZe be gk[ i[ ^W ^[Y^e [d [b f[#
ƒ
h‡eZe Z[ [d[he W `kd_e Z[ (&''Ç" Z_`e :edeie$ FWkbe HeZh‡]k[p Z_`e0 Æ8|i_YW# c[dj[ [ijWcei WY| fWhW Ykcfb_h [b cWdZWje Y_kZWZWde" Z[ fheYk# hWh" YkWdje Wdj[i" kdW jhWdi\eh# cWY_ÂŒd Z[b i_ij[cW Z[ `kij_Y_W Z[ ;YkWZehÇ" fkdjkWb_pÂŒ$ HeZh‡]k[p W]h[]ÂŒ" WZ[c|i" gk[ [b jWb[dje ^kcWde [i \kdZW# c[djWb [d YkWbgk_[h i[Yjeh e _di# j_jkY_ÂŒd o [b ceZ[be Z[ ][ij_ÂŒd [i Wb]e gk[ bW Y_kZWZWd‡W [if[hW gk[ YWcX_[$ :[ ik fWhj[" <[hdWdZe O|lWh cWd_\[ijÂŒ gk[" Æ[d ][d[hWb" ^[# cei WdWb_pWZe bWi Z_ij_djWi Y_h#
ŊŊI[ Z_Y[ feh W^‡ gk[ Yed [b ŗŊ WYjkWb [iY[dWh_e feb‡j_Ye [d [b
FWhbWc[dje bWi Yej_pWY_ed[i Z[ bei WiWcXb[‡ijWi ĂˆX_pW]hWiÉ Wkc[djWhed" o gk[ [b B[]_ibW# j_le Z[X[h‡W YWcX_Wh ik dec# Xh[ W Ăˆ;b MWbbijh[[j 9h_ebbeÉ fehgk[ bWi WYY_ed[i [ij|d gk[ ikX[d o XW`Wd$
.4Ŋ 4 #ĔŊ#+Ŋ,;2Ŋ !.114/3.
ĹŠĹŠ7dj[ bW <_iYWb_pWY_ed Z[ Ĺ—ĹŠ bW 7iWcXb[W" Yedl[hj_ZW [d Y^_ij[ o bW feYW `kij_Y_W gk[ gk[ZWXW oW YedjhebWZW" bW b_X[hjWZ Z[ [nfh[i_ed [ij| [d bWi h[Z[i ieY_Wb[i Yece Z[ck[ijhWd kdei l_Z[ei Yed bWi cWhWl_bbbWi Z[ 7djÂŒd" gk[ WokZWhed W ik YW‡ZW$ 9edjhW# beh‡W" X_[d ]hWY_Wi o Wb dk[le <_iYWb =[d[hWb b[ YW[ [ijW fWfW YWb_[dj[$ 7 l[h i_ b[ ehZ[dWd bW Z[j[dY_ed e b[ Wfb_YWd kdW c[Z_ZW YWkj[bWh Wbj[hdWj_lW$
4#-ĹŠ-#%.!( ".1
Ĺ—ĹŠĹŠĹŠ
=[hWhZe Ceh|d [i [b WiWc# Xb[‡ijW gk[ j_[d[ [d f[b_]he W bW cWoeh‡W eĂ’Y_Wb_ijW$ I[ Z_Y[ gk[" ZkhWdj[ [b Ă’d Z[ i[cWdW" ƒb ^WXh‡W fh[i[djWZe kd fb_[]e Z[ f[j_Y_ed[i fWhW YedZ_Y_edWh ik fh[i[dY_W [d F7?I" YWie YedjhWh_e" ik leje fWiWh‡W W bW efei_Y_ÂŒd o feh [dZ[ i[ fedZh‡W Ă’d W bWi fh[j[di_ed[i Z[b hƒ]_c[d Z[ cWdj[d[h [d bW fh[i_Z[dY_W Z[b B[]_ibWj_le Wb _dYedZ_Y_e# dWb ĂˆYehY^eÉ 9ehZ[he$
#,#9¢-
Ĺ—ĹŠĹŠĹŠ
ēŊ 4+.Ŋ ."1~%4#9Ŋĸ(9ēĚŊ8Ŋ #1- -".Ŋ ;5 1Ŋ++#% 1.-Ŋ 8#1Ŋ/ 1 Ŋ/.-#12#Ŋ +Ŋ3 -3.Ŋ"#Ŋ+ Ŋ2(34 !(¢-Ŋ"#+Ŋ ēŊ
YkdijWdY_Wi [d bWi YkWb[i i[ [d# Yk[djhW bW _dij_jkY_ÂŒdÇ$ FWhW ƒb" bW c_i_ÂŒd Z[ h[[ijhkY# jkhWh bW `kij_Y_W [d kd fbWpe Z[ '. c[i[i [i ]hWdZ[" f[he h[YWbYÂŒ gk[ [i[ eX`[j_le i[h| WbYWdpWZe" fWhW gk[ bW Y_kZWZWd‡W j[d]W
kdW Æ`kij_Y_W jejWbc[dj[ Z_ij_djW W bW gk[ j_[d[ ^eoÇ$ Æ9h[[cei gk[ [b fbWpe Z[ '. c[i[i Z[X[ Yehh[h Z[iZ[ [b ce# c[dje [d [b gk[ [ijƒ _dj[]hWZe [b fb[de Yed bei jh[i Z[b[]W# ZeiÇ" Z_`e$
Bei h[Y_YbW`[i o YWcX_ei Wb _dj[h_eh Z[b hƒ]_c[d i[ _d_Y_Wd [ijW i[cWdW Z[iZ[ [b ?;II" ZedZ[ oW i[ YedĂ’hcÂŒ bW iWb_ZW Z[ HWc_he =edp|b[p W bW ;cXW`WZW Z[ ;YkWZeh [d ;ifW‹W o i[ Z[Y_Z_ÂŒ kX_YWh [d [i[ YWh]e Wb WYjkWb ][h[dj[ Z[b 8?;II" ;\hW‡d L_[_hW$ ;ije" fehgk[ i[]‘d bWi [lWbkWY_e# d[i" ^W ^[Y^e kd Xk[d jhWXW`e o fehgk[ bW _Z[W [i gk[ bei h[Ykhiei Z[b ?;II i[Wd cW# d[`WZei Yed kd Yh_j[h_e c|i jƒYd_Ye$
ƒ ą
Ä ÄŠĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
"#,# )! Ĺ‹ -/' Ĺ‹")3Ĺ‹ & Ĺ‹ #- &v
bei `k[Y[i" de W bei c[Z_ei Z[ Ye# ckd_YWY_ÂŒd" d_ W bW fh[diW heiW" oe gk_[he [ijWh [d bei jh_XkdWb[i fWhW" Wb Ă’ dWb Z[ c_ ][ij_ÂŒd" Z[Y_h gk[ ^[ WYkZ_Ze W *&& e ,&& Wk# Z_[dY_Wi" gk[ \k[ fWhW be gk[ c[ [b_]_[hedÇ" Yec[djÂŒ$ 7i_c_ice" Z_`e gk[ W‘d de j_[d[ [b decXh[ Z[ gk_[d i[h| [b <_iYWb IkXhe]Wdj[" fk[ije gk[ [iW Z[Y_i_ÂŒd h[gk_[h[ Z[ kdW i[b[YY_ÂŒd cko Yk_ZWZeiW$ I_d [cXWh]e" _dZ_# YÂŒ gk[" j[cfehWbc[dj[" [dYWh]Wh| [iW Z_h[YY_ÂŒd W Wb]‘d \kdY_edWh_e Z[ YWhh[hW Z[ bW <_iYWb‡W$ -4-!(.
7dj[i Z[ fh[i[djWh ik h[dkdY_W IeXh[ [b WdkdY_e Z[b Ă’ iYWb iWb_[dj[" Wb YWh]e Z[ [cXW`WZeh Z[ ;YkW# MWi^_d]jed F[i|dj[p" ieXh[ gk[ Zeh [d ;ifW‹W Wdj[ bW 9WdY_bb[# i[ ^Wh‡W f‘Xb_Ye [b Z_YjWc[d WYk# h‡W" =Wbe 9^_h_Xe]W ^_pe iWjeh_e ieXh[ [b YWie FWbe Wo[h kd h[Yk[dje ieXh[ ĹŠ 7pkb" Z_`e gk[ be j_[d[ i_d iki '. c[i[i Z[ ][ij_ÂŒd" Yk_ZWZe$ ÆC[ fWh[Y[ cko gk[ fWiÂŒ W i[]kdZe fbW# X_[d gk[ [b <_iYWb h[ik[blW de feh bW [nf[YjWj_lW gk[ ĹŠ+ 2ŊćĒĖĊćŊ ĹŠ+ ĹŠ be gk[ ƒb j[d]W gk[ h[iebl[h" 2 , +# ĹŠ [n_ij[ ieXh[ ik fei[i_ÂŒd !(.- +ĹŠ/.2#Äą [iW [i ik jWh[WÇ" cWd_\[ijÂŒ$ 2(.- 1;ĹŠ ĹŠ +.ĹŠ Yece dk[le <_iYWb =[d[# '(1( .% ĹŠ!.,.ĹŠ hWb Z[b ;ijWZe" fh[l_ijW (2! +ĹŠ #-#1 +ĹŠ !!(.-#2 "#+ĹŠ 23 ".Ä“ fWhW ^eo W bWi &/0)& [d bW ;b dk[le <_iYWb i[‹WbÂŒ 7iWcXb[W DWY_edWb$ gk[ ZWh| kd Æi[]k_c_[dje ;b \kdY_edWh_e" gk_[d _d\ehcÂŒ cko Z[jWbbWZeÇ Wb _d\ehc[ ieXh[ gk[ ^eo fh[i[djWh| ik [gk_fe Z[ ;`[YkY_ed[i ;njhW`kZ_Y_Wb[i [d jhWXW`e" fh[Y_iÂŒ gk[ ik fh_eh_ZWZ ;YkWZeh fh[i[djWZe feh [b h[bW# [d ik dk[lW \kdY_ÂŒd i[h| [d\e# jeh Z[ bWi DWY_ed[i Kd_ZWi" F^_# YWhi[ [d bW h[iebkY_ÂŒd Z[ j[cWi b_f 7bijed" ÆjhWjWhƒ Z[ Wfb_YWh Z[ fheY[iWb[i o de WZc_d_ijhWj_lei" cWd[hW ieX[hWdW bWi h[Yec[d# Æ[ijW fWhj[ i[ bW fWiWhƒ W bW fWhj[ ZWY_ed[i gk[ i[ ^_Y_[hed $$$ o WZc_d_ijhWj_lW Z[ bW <_iYWb‡W" c_ Wi‡ fheo[YjWh Z[ c[`eh cWd[hW bW \kdZWc[djWb _dj[hƒi [i [ijWh [d [Ă’ YWY_W [d bW WYjkWY_ÂŒd Z[ bW <_i# bei fheY[iei" bb[lWh bei YWiei W YWb‡WÇ" c[dY_edÂŒ$
ēŊ -ĹŠ+.2ĹŠĂŒ+3(,.2ĹŠ,#2#2ĔŊ#+ĹŠ (-(231.ĹŠ"#ĹŠ -3#1(.1ĹŠ!./¢Ŋ+ ĹŠ 3#-!(¢-ĹŠ"#ĹŠ #2;-3#9ĹŠ#-ĹŠ242ĹŠ"(2!412.2ēŊ
-6(. 4Ĺ‹- Ĺ‹ -*# Ĺ‹ / -.#)( ( )Ĺ‹ Ĺ‹ ,, ()
2'(-%3.-ĹŠ #2;-3#9ĹŠ2#ĹŠ5 ĹŠ31 2ĹŠÄŒÄŒĹŠ ,#2#2ēŊ ().ĹŠ04#ĹŠ#+ĹŠ (-(23#1(.ĹŠ"#ĹŠ -3#Äą 1(.1ĹŠ$4#ĹŠ/1.5.! ".1ĹŠ"#ĹŠ!.-31.5#12( 2ēŊ
ēŊ -Ŋ4- Ŋ14#" Ŋ"#Ŋ/1#-2 ĔŊ '(1( .% Ŋĸ(9ēĚŊ2#Ŋ"(1(%(¢Ŋ 8#1Ŋ +Ŋ/ ~2ēŊ
;b Ă’ iYWb ][d[hWb iWb_[dj[" MWi# ^_d]jed F[i|dj[p i[ Z[if_Z_ÂŒ Wo[h Z[ iki YebWXehWZeh[i o Wfhel[Y^ÂŒ [b c_dkje Y‡l_Ye Z[ YWZW bkd[i fWhW bWdpWh kdei ÆZWhZeiÇ YedjhW [b c_d_ijhe Z[b ?dj[h_eh" @eiƒ I[hhWde" gk_[d ^W
,;2ĹŠ/#12#%4(,.2ĹŠ /.1ĹŠ 24-3.2ĹŠ#731 Äą )41~"(!.2ĹŠĹŠ ĹŠ-(-%ĂŒ-ĹŠ #!4 3.1( -.ĹŠ8ĹŠ ĹŠ-(-%4- ĹŠ /#12.- ĹŠ8ĹŠ-.ĹŠ-.2ĹŠ!.,Äą /1.,#3(,.2ĹŠ3 ,/.!.ĹŠ!.-ĹŠ i_Ze ‘bj_cWc[dj[ ik fh_dY_fWb (,/4-(" "#2ĹŠ.ÄƒĹŠ!( +#2ēēēĢē fh[eYkfWY_ÂŒd$ ;b \kdY_edWh_e" gk[ ^eo fe# Zh‡W Z[`Wh [b YWh]e i_ =Wbe 9^_# h_Xe]W [i fei[i_edWZe feh bW 7iWcXb[W DWY_edWb" Yece [ij| fh[l_ije" jWcX_ƒd ^_pe kdW [i# f[Y_[ Z[ h[dZ_Y_ÂŒd Z[ Yk[djWi Z[ be gk[ ^Wd i_Ze iki ** c[# i[i Z[ ][ij_ÂŒd Wb \h[dj[ Z[ bW <_iYWb‡W =[d[hWb$ ;b \kdY_edWh_e [nfh[iÂŒ gk[ bei ÆbWc[djWXb[i [f_ieZ_eiÇ gk[ i[ ^Wd fhejW]ed_pWZe [d jehde W bW WZc_d_ijhWY_ÂŒd Z[ `kij_Y_W" \kdZWc[djWbc[dj[ bW Z[ij_jkY_ÂŒd Z[b Fh[i_Z[dj[ Z[b 9edi[`e Z[ bW @kZ_YWjkhW o ejhei" YedĂ’ hcWd bW d[Y[i_# ZWZ Z[ h[iYWjWh W [ij[ i[Yjeh$ Æ>W Yedjh_Xk_Ze fWhW [bbe bW _d`[h[dY_W Z[b C_d_ij[h_e" gk[ Z[X[ Z[Z_YWhi[ W ]WhWdj_pWh bW i[]kh_ZWZ Y_kZWZWdW o de Yed# l[hj_hi[ [d W][dj[ fheleYWZeh Z[ Yedjhel[hi_Wi [djh[ o YedjhW bei WYjeh[i Z[b i_ij[cW `kZ_# Y_WbÇ" W]h[]ÂŒ$
;2ĹŠ ÄƒĹŠ1, !(.-#2
F[i|dj[p jWcX_ƒd Z[`Œ [djh[#
ĹŠ : ĹŠ ĹŠ
l[h gk[ [i[ C_d_ijhe" Wb gk[ dkdYW Y_jÂŒ feh ik decXh[" i[ Yedl_hj_ÂŒ [d Ækd _djhkie jhW# Ă’ YWdj[ Z[ _dĂ“ k[dY_Wi Wdj[ bW `kZ_YWjkhW" f[he [ie de fkZe ^WY[h [d bW <_iYWb‡W o feh [ie bei eZ_ei o c_i[h_Wi" Z[ bei gk[ bW ef_d_ÂŒd f‘Xb_YW cko X_[d i[ ^W ZWZe Yk[djWÇ$ 7fhel[Y^ÂŒ [ij[ [ifWY_e fWhW i[‹WbWh gk[ Z[ifkƒi Z[ bei [n|c[d[i h[Wb_pWZei feh bW 9edjhWbeh‡W" W bW WZgk_i_Y_ÂŒd Z[ bei .( [Z_Ă’ Y_ei o '+& l[^‡Ykbei" ZkhWdj[ ik ][ij_ÂŒd Z[ YWi_ YkW# jhe W‹ei" de i[ ^W Z[j[YjWZe kdW iebW ]beiW o [ie ^WXbW Z[ ik WYjkWY_ÂŒd$ H[if[Yje Z[b j[cW FWbe 7pkb" hWj_Ă’ YÂŒ gk[ [b Z_YjWc[d [i WYkiWjeh_e o gk[ i[h| h[i# fediWX_b_ZWZ Z[ bei `k[Y[i [b \kjkhe Z[b j[cW$ ÆI[h| ik eXb_# ]WY_ÂŒd ^WY[h `kij_Y_W [d [ij[ YWie gk[ [i kde Z[ bei c|i ]hWdZ[i WjhWYei [d bW ^_ijeh_W Z[b fW‡i" YedYbkoÂŒ$
. 1#ĹŠ#+ĹŠ (2! +ĹŠ 4 1.% -3# ĹŠ 1 ĹŠ#+ĹŠÄƒĹŠ2! +ĹŠ2 +(#-3#ĔŊ 2'(-%3.-ĹŠ #2;-3#9ĔŊ#+ĹŠ/4#23.ĹŠ"#ĹŠ+ ĹŠ (1#!!(¢-ĹŠ Ĺ— !(.- +ĹŠ"#ĹŠ 2#2.1~ ĹŠ 41~"(! ĹŠ"#ĹŠ+ ĹŠ (2! +~ ĹŠÄ¸Äƒ ĹŠ2! +ĹŠ24 1.% -3#ĚĔŊ3_!-(! ĹŠ8ĹŠ
)41~"(! ,#-3#ĔŊ+#ĹŠ!.11#2/.-"#ĹŠ ĹŠ4-ĹŠ2#15(".1ĹŠ"#ĹŠ! 11#1 ĔŊ/.104#ĹŠ 2~ĹŠ+.ĹŠ"(2/.-#ĹŠ #+ĹŠ 13~!4+.ĹŠÄŒÄ?ĹŠ"#+ĹŠ ¢"(%.ĹŠ 1%;-(!.ĹŠ"#ĹŠ+ ĹŠ 4-!(¢-ĹŠ 4"(!( +Ä“ ().ĹŠ04#ĹŠ24ĹŠ(-3#1_2ĹŠ-.ĹŠ#2ĹŠ 1(1ĹŠ/.+_,(! 2ĹŠ!.-ĹŠ- "(#ĔŊ/#1.ĹŠ04#ĹŠ+ ĹŠ+#8ĹŠ "(2/.-#ĹŠ!+ 1 ,#-3#ĹŠ04#ĹŠ+ ĹŠ24 1.% !(¢-ĹŠ+#ĹŠ!.11#2/.-"#ĹŠ +ĹŠÄƒĹŠ2! +ĹŠ04#ĹŠ3#-% ĹŠ #+ĹŠ,#).1ĹŠ/4-3 )#ĹŠ8ĹŠ04#ĹŠ#-ĹŠ+ ĹŠ (2! +~ ĹŠ#7(23#-ĹŠ1#24+3 ".2ĹŠ"#ĹŠ+ 2ĹŠ#5 +4 !(.-#2ĹŠ /#1(¢"(! 2ĹŠ ĹŠ+.2ĹŠ$4-!(.- 1(.2Ä“
)3Ĺ‹ '#.#,v (Ĺ‹- (. ( # Ĺ‹ (Ĺ‹ &Ĺ‹!,/*)Ĺ‹ 2Äš Ĺ‹
Ĺ? Ä ÄŠĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ĺ?
Ĺ? +. ÄŒĹ?
Ć
+ĹŠ$4341.ĹŠ"#ĹŠÄˆÄ‰ĹŠ %#-3#2ĹŠ"#+ĹŠ"#2 / 1#!(Äą ".ĹŠ ĹŠ/."1~ ĹŠ!.-.!#12#ĹŠ'.8ĹŠ4- ĹŠ5#9ĹŠ 04#ĹŠ!.-!+48 ĹŠ#+ĹŠ)4(!(.Ä“ BW WkZ_[dY_W Z[ `kp]Wc_[dje YedjhW '( c_[cXhei Z[b Z[iWfW# h[Y_Ze =hkfe Z[ 7feoe Ef[# hWY_edWb =7E Yedj_d‘W [d ik [jWfW \_dWb" bk[]e Z[ _d_Y_WZW bW iƒfj_cW i[cWdW Z[ Wb[]Wjei" jWdje Z[ bW fWhj[ WYkiWZehW Yece Z[ bW <_iYWb‡W o bei WXe]WZei Z[# \[dieh[i$ :[djhe Z[ bW b_ijW Z[ _cfkjW# Zei [ij| Bk_i CWhj‡d[p L_bW‹[p" W gk_[d [b Jh_XkdWb Gk_dje Z[ =WhWdj‡Wi F[dWb[i Z[ F_Y^_d# Y^W hWj_Ă’YÂŒ ik _deY[dY_W feh [b ikfk[ije Z[b_je gk[ i[ b[ _cfk# jWXW jhWi bei ^[Y^ei Z[b )& Z[ i[fj_[cXh[ Z[ (&'&" Z‡W Z[ bW h[lk[bjW feb_Y_Wb$ 7o[h" bei WXe]WZei Z[\[die# h[i Z[ IWdj_W]e 8h_je" >ÂŒb][h 9[dj[de o L‡Yjeh >k]e >_ZheXe [nfki_[hed iki Wb[]Wjei Wdj[ [b Jh_XkdWb 9kWhje Z[ =WhWdj‡Wi F[dWb[i Z[ F_Y^_dY^W$ #$#-2
C|i Z[ Zei ^ehWi b[ jecÂŒ W @eiƒ Ceh[de" WXe]WZe Z[ bW Z[\[d# iW" [nfed[h iki \kdZWc[djei o jhWjWh Z[ Z[il_hjkWh bW j[i_i Z[ bW <_iYWb‡W o Z[ bW WXe]WZW fWjheY_# dWZehW$ Ceh[de i[‹WbÂŒ gk[ bWi fhk[# XWi WfehjWZWi feh bW <_iYWb‡W Zk# hWdj[ [b fheY[ie Æde i[ WZ[YkWd Wb j_fe Z[ Z[b_je" gk[ i[ b[i WYkiW W bei kd_\ehcWZeiÇ$ ;b `kh_ijW fh[i[djÂŒ Wb Jh_# XkdWb ZeYkc[djei fhefehY_e# dWZei feh bW :7I Z[ 9ebec# X_W" gk[ Y[hj_Ă’YWd gk[ =[eh]o 9[Z[‹e _d]h[iÂŒ Wb fW‡i l[Y_de o fkdjkWb_pÂŒ WZ[c|i gk[ de [n_ij[ h[]_ijhe Z[ gk[ ^WoW h[# ]h[iWZe Wb ;YkWZeh$
#%41(" " 1( 4- +
ĹŠ ĹŠ2#%41(" "ĹŠ#-ĹŠ#+ĹŠ + !(.ĹŠ"#ĹŠ 423(!( ĹŠ$4#ĹŠ Ĺ—, 8.1ĹŠ04#ĹŠ#-ĹŠ+ 2ĹŠ2#, - 2ĹŠ -3#1(.1#2Ä“
Ĺ—"( ĹŠ +1#"#".1ĹŠ"#ĹŠ31#(-3 ĹŠ4-($.1, ".2ĹŠ!423.Äą -ĹŠ#+ĹŠ(-3#1(.1ĹŠĹŠ8ĹŠ#+ĹŠ#73#1(.1ĹŠ"#+ĹŠ#"(ă!(.ĹŠ
4"(#-!( ĹŠ
/ 1 Ŋ#5(3 1Ŋ"#2, -#2ēŊŊ
Ĺ—ĹŠĹŠĹŠ
;b [nfh[i_Z[dj[ Wh][dj_de 9Whbei C[d[c \eje Z[X[h| fh[i[djWhi[ [b fhÂŒn_ce / Z[ W]eije [d bei jh_XkdWb[i" [d ik ‘bj_cW efehjkd_ZWZ fWhW Z_h_]_hi[ W bei `k[Y[i Wdj[i Z[b \Wbbe feh bW l[djW _b[]Wb Z[ WhcWi W 9heWY_W o ;YkWZeh$ BW <_iYWb‡W f_Z_ÂŒ gk[ i[W Yed# Z[dWZe W eY^e W‹ei Z[ fh_i_ÂŒd feh YedjhWXWdZe W]hWlWZe$ Feh [ijW YWkiW" C[d[c [ijkle i[_i c[i[i Z[j[d_Ze [d (&&'" WYkiWZe Z[ i[h [b `[\[ Z[ kdW ĂˆWieY_WY_ÂŒd _b‡Y_jWÉ Z[Z_YWZW Wb jh|Ă’Ye _b[]Wb Z[ WhcWi" f[he \k[ b_X[hWZe W hW‡p Z[ kd \Wbbe Z[ bW 9ehj[ Ikfh[cW" feh [djedY[i W\‡d W ik =eX_[hde$
-3#!#"#-3#2ĹŠ Ĺ—ĹŠĹŠ .2ĹŠ %#-3#2ĹŠ"#+ĹŠ#7 ĹŠ #23;-ĹŠ !42 ".2ĹŠ/.1ĹŠ+ ĹŠ/1#24-3 ĹŠ
"#3#-!(¢-Ŋ(+#% +Ŋ8Ŋ3.1341 Ŋ"#Ŋ+.2Ŋ '#1, -.2Ŋ 1(!(.ĔŊ 5(#1Ŋ8Ŋ 1(- Ŋ (!.Ŋ 4;1#9Ŋ8Ŋ"#Ŋ+ Ŋ24/4#23 Ŋ"#Ĺ 2 / 1(!(¢-Ŋ"#Ŋ #.1%8Ŋ #"# .ēŊ .2Ŋ '#!'.2Ŋ' 1~ -Ŋ.!411(".Ŋ"41 -3#Ŋ 4-Ŋ./#1 3(5.Ŋ1# +(9 ".Ŋ#+ŊĊćŊ"#Ŋ 2#/3(#, 1#Ŋ"#+ŊĉććĒēŊ
Ceh[de" ZkhWdj[ ik _dj[hl[d# Y_ÂŒd" jhWjÂŒ Z[ fheXWh gk[ ik Z[# \[dZ_Ze de jkle d_d]kdW fWhj_Y_# fWY_ÂŒd [d bW WYkiWY_ÂŒd gk[ f[iW YedjhW ƒb$ 1(-!(/ +ĹŠ !42 ".
Bk_i CWhj‡d[p" kde Z[ bei WYk# iWZei Z[b ikfk[ije Z[b_je" dWhhÂŒ Yed Z[jWbb[i bWi WYj_l_ZWZ[i gk[ h[Wb_pÂŒ ZkhWdj[ [b )& Z[ i[f# j_[cXh[ Z[ (&&/" bW WkZ_[dY_W fWiWZW$ :_`e Wdj[ [b Jh_XkdWb gk[ ZkhWdj[ [i[ Z‡W f[hcWd[# Y_ÂŒ [d CWdjW Ykcfb_[dZe kdW ehZ[d Z[ Jh_XkdWb Gk_dje Z[ be F[dWb Z[ CWdjW o [d ^ehWi Z[ bW jWhZ[ l_W`ÂŒ W Gk_je fWhW h[Wb_pWh jhWXW`ei [if[Y‡ÒYei$ Æ;n_ij[ Z[i[if[hWY_ÂŒd feh Z[ceijhWh gk[ de [ijWXW jhWXW#
ĹŠ -ĹŠ3.3 +ĹŠ"#ĹŠÄˆÄŽÄ‘ĹŠ 3#23(%.2ĹŠ$4#1.-ĹŠ ++ , ".2ĹŠ ĹŠ1#-Äą "(1ĹŠ24ĹŠ5#12(¢-ĹŠ "41 -3#ĹŠ+ ĹŠ"(+(Äą %#-!( ēŊ
ēŊ .2Ŋ/.+(!~ 2Ŋ#2345(#1.-Ŋ#-Ŋ+ Ŋ 4"(#-!( Ŋ#-Ŋ#+Ŋ 1( 4- +Ŋ 4 13.ēŊ
`WdZe [d bW Xh_]WZW Z[ ^ec_Y_# Z_eiÇ" cWd_\[ijÂŒ [b [nW][dj[ Z[b =7E$ I[]‘d CWhj‡d[p" Z[b (/ Z[ `kb_e Wb (& Z[ Z_Y_[cXh[ Z[ (&&/ ^WXh‡W [ijWZe h[Wb_pWdZe kdW _d# l[ij_]WY_ÂŒd [d bW Feb_Y‡W @kZ_Y_Wb Z[ F_Y^_dY^W$ /.8.
<Wc_b_Wh[i o Wc_]ei Z[ bei WYk#
iWZei o Z[ bWi ikfk[ijWi l‡Yj_# cWi WYkZ_[hed W bW WkZ_[dY_W o YefWhed [b WkZ_jeh_e [d [if[hW Z[ kd fhedkdY_Wc_[dje Z[ bei c_[cXhei Z[b Jh_XkdWb 9kWhje Z[ =WhWdj‡Wi F[dWb[i$ >WijW [b Y_[hh[ Z[ [ijW [Z_# Y_Œd W‘d de i[ YedeY_Œ d_d]kdW h[iebkY_Œd Z[ bei c_[cXhei Z[b Jh_XkdWb$
0 (4 (Ĺ‹#( ! #)( -Ĺ‹ (Ĺ‹ -)-Ĺ‹ Ĺ‹& - Ĺ‹"/' (# BW Kd_ZWZ Z[ bW 9ec_i_ÂŒd Z[ bW [d bei ''. YWiei _dl[ij_]WZei$ De eXijWdj[" fWhW [b YeehZ_dW# L[hZWZ Z[ bW <_iYWb‡W =[d[hWb Z[b ;ijWZe j_[d[ X_[d WlWdpWZWi Zeh Z[ bW Kd_ZWZ Z[ bW 9ec_i_ÂŒd bWi _dl[ij_]WY_ed[i [d bei .' YW# Z[ bW L[hZWZ Z[ bW <_iYWb‡W" @eiƒ iei [d bei gk[ i[ WXh_[hed _dZW# 9ÂŒhZelW" [i[ _d\ehc[ \k[ kd i_c# fb[ h[\[h[dj[ o bWi _dl[ij_# ]WY_ed[i fh[l_Wi ieXh[ bei ikfk[ijei ^[Y^ei Z[ ]WY_ed[i fh|Yj_YWc[dj[ Yec[dpWhed Z[ Y[he" f[he [`[YkY_ÂŒd [njhW`kZ_Y_Wb" ĹŠ Z[iWfWh_Y_ÂŒd \ehpWZW" gk[ W bW \[Y^W [ij|d WlWd# fh_lWY_ÂŒd _b[]Wb Z[ bW b_# ĹŠ .,(2(¢-ĹŠ"#ĹŠ pWZWi [d kd /+ e c|i o gk[ [d Wb]kdei YWiei X_[d X[hjWZ" jehjkhW o l_eb[d# + ĹŠ #1" "ĹŠ"#ĹŠ+ ĹŠ (2! +~ ĹŠ #-#1 +ĹŠ feZh‡Wd _d_Y_Whi[ bWi _di# Y_W i[nkWb$ "#ĹŠ 23 ".ĹŠ!.-3(Äą ;ijWi _dl[ij_]WY_ed[i -ĂŒ ĹŠ+.2ĹŠ/1.!#2.2ĹŠ jhkYY_ed[i$ / 1 ĹŠ+ ĹŠ(-5#23(% Äą JWb [i Wi‡" Z_`e [b \kd# i[ _d_Y_Whed [d eYjkXh[ !(¢-ĹŠ"#ĹŠ+ 2ĹŠ3.134Äą 1 2ĹŠ#-ĹŠ !4 ".1ēŊ Z[ (&'& bk[]e Z[ gk[ bW Y_edWh_e" gk[ [d kd YWie 9ec_i_ÂŒd Z[ bW L[hZWZ bW f[hiedW gk[ ^WX‡W _dj[]hWZW feh [b ;`[Yk# h[dZ_Ze ik l[hi_ÂŒd [d bW j_le [djh[]WhW ik _d\ehc[" [d [b 9ec_i_ÂŒd Z[ bW L[hZWZ Z[b ;`[# gk[ i[ YedYbko[ gk[ [n_ij_ÂŒ l_e# Ykj_le ^_pe bb[]Wh W bW <_iYWb‡W bWY_ÂŒd W bei Z[h[Y^ei ^kcWdei kdW gk[`W [d bW gk[ ^WY[ iWX[h
.-%1#2.ĹŠ 2. 1#ĹŠ #1#!'.
Ĺ—ĹŠ ĹŠĹŠ:[b () Wb (+ Z[ del_[cXh[ fhÂŒn_ce i[ h[Wb_pWh| [b N??? 9ed]h[ie ?dj[hdWY_edWb ieXh[ Ăˆ?dj[]hWY_ÂŒd h[]_edWb" \hedj[# hWi o ]beXWb_pWY_ÂŒd [d [b 9ed# j_d[dj[ 7c[h_YWdeÉ" ZedZ[ i[ h[Wb_pWh| kdW h[Ă“[n_ÂŒd WY[hYW Z[ j[c|j_YWi feb‡j_YWi" ieY_W# b[i" [YedÂŒc_YWi gk[ W\[YjWd [ _cfWYjWd W dk[ijhe Yedj_d[d# j[$ ;d [b [dYk[djhe" bW 9ehj[ ?dj[hWc[h_YWdW Z[ :[h[Y^ei >kcWdei 9?:> fh[i[djWh| kd [ijkZ_e ieXh[ [b Ăˆ9edij_jk# Y_edWb_ice =beXWb BWj_deWc[# h_YWdeÉ$ ;d [b jhWXW`e" bW 9ehj[ Z[Ă’[dZ[ bW fhej[YY_ÂŒd Z[ bei Z[h[Y^ei ^kcWdei$
ÂĄ
ēŊ (#, 1.2Ŋ"#Ŋ+ Ŋ .,(2(¢-Ŋ"#Ŋ+ Ŋ #1" "ēŊŊ
gk[ [b j[nje Z[ [iW l[hi_ÂŒd de Yehh[ifedZ[ W be gk[ [bbW ^WX‡W Z[YbWhWZe$ :[ bei ''. YWiei h[Y_X_Zei" .' [ij|d [d _dZW]WY_ÂŒd fh[l_W o bei *' h[ijWdj[i i[ [dYk[djhWd [d b[YjkhW" l[h_Ă’YWY_ÂŒd Z[ ZWjei
o beYWb_pWY_Œd Z[ bWi fh[ikdjWi l‡Yj_cWi e ikfk[ijei f[hf[jhW# Zeh[i$ 7 [ijei YWiei i[ ikcWhed YkWjhe WZ_Y_edWb[i" [djh[ [bbei [b j[cW Z[ bW 9kijeZ_W Z[ H_eXWc# XW" [d [b gk[ i[ Z[dkdY_Œ Z[# iWfWh_Y_Œd Z[ f[hiedWi$
&Ĺ‹* - )Ĺ‹ÄƒĹ‹ Ĺ‹$/&#)Ĺ‹- Ĺ‹*/ &# šŋ (Ĺ‹ -. Ĺ‹'#-')Ĺ‹ -* #)Ĺ‹/( Ĺ‹ ).)Ĺ‹ 3Ĺ‹/( Ĺ‹().# # Ĺ‹-) , Ĺ‹/( Ĺ‹ *./, Ĺ‹ Ĺ‹ ,)! Ĺ‹ (Ĺ‹ / 3 +/#&Ąŋ (Ĺ‹& Ĺ‹ #' ! (Ĺ‹- Ĺ‹')-., Ĺ‹ &Ĺ‹ & &)# Ĺ‹ (Ĺ‹ &Ĺ‹#(. ,#),Ĺ‹ Ĺ‹/( Ĺ‹ $ Ĺ‹ Ĺ‹& Ĺ‹ '*, - Ĺ‹ 0),#. Ĺ‹ Ĺ‹ 3 * Ąŋ
Ĺ‹ ).)!, v Ĺ‹ Ĺ‹&)-Ĺ‹Ă˝ÄƒĹ‹* +/ Äš . -Ĺ‹ / Ĺ‹.)' Ĺ‹*),Ĺ‹ &Ĺ‹* ,-)( &Ĺ‹ &Ĺ‹ ,0# #)Ĺ‹ (.#( , š.# )-Ĺ‹ Ĺ‹ / 3 +/#&Ä…Ĺ‹-#(Ĺ‹ ' ,!)ąŋŋ& Ĺ‹ ,)! Ĺ‹()Ĺ‹" ,v Ĺ‹-# )Ĺ‹ ( )(., Äš Ĺ‹ (Ĺ‹& Ĺ‹ $ Ä…Ĺ‹-#()Ĺ‹ (Ĺ‹ &Ĺ‹-#-. ' Ĺ‹ Ĺ‹, ,#! , #š(Ĺ‹ &Ĺ‹ )(. ( ),Ĺ‹ Ģ '/Ăł )Ĺ‹ (Ĺ‹ &Ĺ‹ +/#*)Ĺ‹ Ĺ‹ ,v)ÄŁÄ…Ĺ‹ &Ĺ‹ / &Ĺ‹ -Ĺ‹ Ĺ‹*,)*# Ĺ‹ Ĺ‹ & Ĺ‹ )'* ˜v Ĺ‹ / ),# (Ĺ‹ #( Ĺ‹3Ĺ‹ ()Ĺ‹ Ĺ‹ 3 (* Ąŋ
ć
āĊŏ ŏ ŏ ŏĂĀāā
ŏ +. Čŏ
- -#1 ũ . . ũ"#-4-!( ũ. 23 !4+ !(¢-ũ
,( ( )ŋ & , (ąŋ, *, - (. (. ŋ ŋ ( ( , ŋ ) ) ąŋ (/( # ŋ 3 ,ŋ& ŋ*, -/(. ŋ) -. / # (ŋ ŋ& ŋ$/-.# # ŋ (ŋ &ŋ -)ŋ ŋ-/ŋ )'* v Ąŋ , - (. ,)(ŋ/(ŋ, /,-)ŋ &ŋ* - )ŋ' ,. -ŋ (ŋ& ŋ- & ŋ ŋ&)ŋ )(. ( #)-)ŋ.,# /. ,#)ŋ* , ąŋ- !Ä(ŋ& ŋ (- ąŋ ')-., ,ŋĐ& ŋ#& !#.#'# ŋ ŋ& ŋ!&)- ŋ . ,'#( ŋ*),ŋ &ŋ ŋ*),ŋ &ŋ $ , # #)ŋüúúÿđĄŋ #(ŋ ' ,!)ąŋ &ŋ*,) -)ŋ()ŋ" ŋ* - )ŋ ŋ-/ŋ-#!/# (. ŋ#(-. ( # ĄŋĐ &ŋ'#Z, )& -ŋ)ŋ$/ 0 -ŋąŋ& ŋ- , Ě . ,v ŋ ŋ& ŋ- & ŋ v ŋ" ,ŋ -* " )ŋ &ŋ*,) -)ŋ ŋ&)-ŋ )($/ -ŋ. '*), & -ŋ3 ŋ()' , )-ąŋ ŋ+/# ( -ŋ& -ŋ ),, -*)( ŋ )() ,ŋ &ŋ$/# #)ąŋ* ,)ŋ 2#-. ŋ, (/ ( # ŋ &ŋ*, -# (. ŋ ŋ& ŋ- & ŋĢ #- &ŋ )-Zŋ 1#(ģŋ ŋ*)( ,& ŋ/(ŋ, '*& 4)ŋ ŋ& ŋ- , . ,# ŋ+/ ŋ- ŋ, *),. ŋ ( ,' đąŋ (/( # ŋ & , (Ą
,' Z/.# )-ŋ*# (ŋ -/-.#./ # (ŋ* , # &ŋ ŋ& -ŋ#'*),. #)( -ŋ
ũ(-"4231( ũ /("#ũ(-(!( 1ũ!.-ũ 4-ũĈćŘũ"#ũ/ 1ı 3(!(/ !(¢-ũ#-ũ#+ũ ,#1! ".ēũ ũ H[fh[i[djWdj[i Z[ bei bWXehWjeh_ei \WhcWY kj_Yei W]hc_WZei Yedi_Z[hWd d[Y[iW# h_W kdW ikij_jkY_ d ]hWZkWb W jhWl i Z[ bWi YkejWi Z[ _cfehjW# Y_ d$ 9WbYkbWd gk[ [d kd _d_Y_e kd /& Z[ bW e\[hjW feZh W Ye# hh[ifedZ[h W bWi jhWdidWY_edW# b[i o kd '& fWhW bW _dZkijh_W dWY_edWb$ ÆDe gk[h[cei gk[ Z[ bW deY^[ W bW cW WdW Yehj[d bWi _cfehjWY_ed[i" [ie de i[ fk[# Z[ ^WY[h" f[he i [i d[Y[iWh_e [ijWXb[Y[h kdW [if[Y_[ Z[ Yke# jWi fhe]h[i_lWi W e W W eÇ" Z_`e CWhj d 9[h[_`e" Z[ bWXehWjeh_ei 7YhecWn$ ;b eX`[j_le WdkdY_W# Ze feh [b =eX_[hde [i _h h[Zk# Y_[dZe bWi YecfhWi _dj[hdWY_e# dWb[i fWhW Wb_l_WdWh bW XWbWdpW Yec[hY_Wb [d [ijW |h[W$ BW _dZkijh_W oW fh[i[dj Wb
2/#32 Ĕũ+ ũ+4!' ũ!.-3(-Ì ũ
#1! ũ"#ũ,#"(.ũ!#-3#- 1ũ"#ũ#731 ) ".1#2ũ"#ũ #31.#!4 ".1ũ"#2/#"(ı ".2ũ"#ũ+ ũ#,/1#2 ũ/1.3#23 1.-ũ 8#1ũ#-ũ+.2ũ ).2ũ"#+ũ#"(ăũ!(.ũ, 31(9Ĕũ#-ũ 4(3.ēũ .2ũ, -($#23 -3#2ũ1#!+ , -ũ24ũ1#(-!.1/.1 !(¢-ũ ũ+ ũ!.,/ ~ ũ "#ũ+ ũ04#ũ$4#1.-ũ2#/ 1 ".2ũ#+ũ .ũ/ 2 ".ũ/.1ũ/#13#-#!#1ũ ũ+ ũ#,/1#2 ũ "#ũ!., 423( +#ũ/ 1 ũ42.ũ 13#2 - +ũ 2/#32 ēũ +ũ . (#1-.ũ 2#%41 ũ04#ũ !#/3 1;ũ24ũ1#%1#2.Ĕũ/#1.ũ+.2ũ31 ) ".1#2ũ04(#1#-ũ04#ũ+#2ũ .11#-ũ#+ũ 5(23.ũ 4#-.ũ8ũ+#2ũ1#!.-.9! -ũ242ũ"#1#!'.2$
@D989LI8 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef (+)0 mXcfi (*'#'' [\ cX :kX% :k\% Ef% *(()+)-+'+ g\ik\$ e\Z`\ek\ X DFI8C<J G@E<;8# :<J8I$><ID8E [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& ( d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef /*( mXcfi +'#'' [\ cX :kX% :k\% Ef% *('-.'+*'+ g\ik\e\$ Z`\ek\ X G@E<;8 P8D9<IC8# D8I@8$@E<J [\c 9XeZf G`$ Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& ) d^ C8K8:LE>8
HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef .+0 [\ cX :kX% :k\% Ef% *(0(,()*'+ g\ik\e\Z`\ek\ X 9<ID<F K8G@8# D@IP8E$G8$ KI@:@8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`$ ZXZ` e% 8:& * d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef .(0 [\ cX :kX% :k\% Ef% *++.*,,0'+ g\ik\e\Z`\ek\ X <J:F98I :?8J@C@HL@E# E<C$ JFE$C<FE@;8J [\c 9XeZf G`$ Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& + d^
CFA8
HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef */( Xc +/' [\ cX :kX% :k\% Ef% *)(.,-++'+ g\ik\e\Z`\ek\ X >8FE8 >8?FE8# 8;8C9<I$ =89@8E [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`$ ZXZ` e% 8:& , d^
CFJ I@FJ
HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ,00, [\ cX :kX% :k\% Ef% *),(((*/'+ g\ik\e\Z`\ek\ X JL8I<Q >8I:@8#8E><C$ L=I<;F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`$ ZXZ` e%
8:& - d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef -0. Xc -00 [\ cX :kX% :k\% Ef% *+/(+-))'+ g\ik\e\Z`\ek\ X J8EK8D8I@8 M<C<Q#>89I@<C$ ;8E@<C [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`$ ZXZ` e% 8:& . d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef /)/ [\ cX :kX% :k\% Ef% *+/(+-))'+ g\ik\e\Z`\ek\ X J8EK8D8I@8 M<C<Q#>89I@<C$ ;8E@<C [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`$ ZXZ` e% 8:& / d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef (+,) Xc (+,- [\ cX :kX% :k\% Ef% *+(''+))'+ g\ik\e\Z`\ek\ X FIK<>8 :?8E>F#8E8$CL:@8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\$ i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& 0 d^
D8E89@
HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef (*-.+ mXcfi )''#'' [\ cX :kX% :k\% Ef% *(,+/0(('+ g\ik\e\Z`\ek\ X M<I8 M<I8#8LJ9<IKF$FC@M<I [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& (' d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef (*( Xc )*' [\ cX :kX% :k\% Ef% *+.)0-(0'+ g\ik\e\Z`\ek\ X G8<Q G@E8I>FK<# AFJ<$M@$ :<EK< [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`$ ZXZ` e% 8:& (( d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef -**( Xc -*0' [\ cX :kX% :k\% Ef% *(,,+''+'+ g\ik\e\Z`\ek\ X @EKI@8>F 8C:@M8I#N@C=I@;F$ J@CM8EF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`$ ZXZ` e% 8:& () d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef +*- [\ cX :kX% :k\% Ef% **-,,('-'+ g\ik\e\Z`\ek\ X Q8D9I8EF JFCFIQ8EF# I8$ DFE$8EK<IF [\c 9XeZf G`$
Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& (* d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef +/* Xc +/+ [\ cX :kX% :k\% Ef% **-,,('-'+ g\ik\e\Z`\ek\ X Q8D9I8EF JFCFIQ8EF# I8$ DFE$8EK<IF [\c 9XeZf G`$ Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& (+ d^
G@:?@E:?8
HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef -*./) mXcfi +%/(0#)' [\ cX :kX% :k\% Ef% *'*,''-*'+ g\ik\e\Z`\ek\ X J<IM@:@FJ P KI89%=FI<JK8C%J<KI8=FI :%C% [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`$ ZXZ` e% 8:& (, d^
"#ũ"¢+ 1#2ũ#2ũ+ ũ "($#1#-!( ũ#-ũ -#% 3(5.ũ"#ũ+ ũ + -9 ũ!.,#1!( +ũ "#+ũ2#!3.1ē
ēũ - ũ,4)#1ũ31 ) ũ#-ũ4-.ũ"#ũ+.2ũ+ .1 3.1(.2ũũ"#ũ 4 8 04(+ēũ
;ijWZe kd b_ijWZe Z[ c[Z_YW# c[djei Yed bei YkWb[i i[ feZh W ef[hWh$ 9[h[_`e Z[\[dZ_ W bW _d# Zkijh_W dWY_edWb _dZ_YWdZe gk[ Yece [d [b YWie Z[ bW [cfh[iW gk[ h[fh[i[djW" [ijW ^W ^[Y^e _dl[hi_ed[i feh [dY_cW Z[ bei '( c_bbed[i Z[ Z bWh[i$ ?dYbk# ie" Z[ijWYWd bWi Y[hj_Ò YWY_ed[i ?IE#/&&' [ ?IE#'*&&'$ Bk_i Cedj[l[hZ[" j Yd_Ye \WhcWY kj_Ye Z[ bW 7ieY_WY_ d Z[ BWXehWjeh_ei <WhcWY kj_Yei Z[b ;YkWZeh 7B<; " Ye_dY_Z_ [d bW j[i_i Z[ bW ikij_jkY_ d ]hW# ZkWb Z[ _cfehjWY_ed[i$ Æ;b _d# \ehc[ )( Z[ bW ECI _dZ_YW gk[
fWhW gk[ kd bWXehWjeh_e fk[ZW \WXh_YWh o Yec[hY_Wb_pWh \|hcW# Yei" Z[X[ YedjWh Yed [b i_ij[cW 8FC$ ;b C_d_ij[h_e Z[ IWbkZ o [b ?dij_jkje Z[ >_]_[d[ [ijhkYjk# hWhed [b i_ij[cW Yed [b gk[ je# Zei bei bWXehWjeh_ei Z[X[d [c# fb[Wh [b 8FC 8k[dWi Fh|Yj_YWi Z[ CWdk\WYjkhWi Ç" Z_`e$ Cedj[l[hZ[ Z[dkdY_ gk[ bW feijkhW Z[ 7B<; o 9?<; \k[ h[# Y_X_ZW Yed _dZ_\[h[dY_W feh bei \kdY_edWh_ei Z[ =eX_[hde" Æ[i# f[Y_Wbc[dj[ Z[b ikXi[Yh[jWh_e 8WoWhZe <beh[i" gk_[d b[ h[ij lWbeh Wb [ijkZ_e h[Wb_pWZe feh [b i[YjehÇ$
38%/,&$&,Ð1 '( 5(68/7$'26 '(/ 352&(62 '( 6(/(&&,Ð1 < '(6,*1$&,Ð1 '(/ 5(*,675$'25 '( /$ 3523,('$' '(/ &$17Ð1 $0%$72
J8EKF ;FD@E>F
HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef +), Xc +*' [\ cX :kX% :k\% Ef% **-++0*''+ g\ik\e\Z`\ek\ X IF;I@>L<Q C<FE# A?FE$8C$ 9<IKF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`$ ZXZ` e% 8:& (- d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef% +'0$+(. [\ cX :kX% :k\% Ef% **-++0*''+ g\ik\e\Z`\ek\ X IF;I@>L<Q C<FE# A?FE$8C$ 9<IKF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`$ ZXZ` e% 8:& (. d^
Ĉēĉććũ
ũ
(Q FXPSOLPLHQWR D OR TXH GLVSRQH HO $UW GHO 5HJODPHQWR GHO &RQFXUVR GH 0HUHFLPLHQWR \ 2SRVLFLyQ SDUD OD 6HOHFFLyQ \ 'HVLJQDFLyQ GH 5HJLVWUDGRU 0XQLFLSDO GH OD 3URSLHGDG GH $PEDWR HO VHxRU $UTXLWHFWR )HUQDQGR &DOOHMDV %DURQD $/&$/'( '( $0%$72 SRQH HQ FRQRFLPLHQWR GH OD FLXGDGDQtD HO UHVXOWDGR ILQDO GH ODV FDOLILFDFLRQHV GH 0HULWRV \ 2SRVLFLyQ GH ORV SRVWXODQWHV HQ HO FRQFXUVR SDUD OD GHVLJQDFLyQ GH 5HJLVWUDGRU GH OD 3URSLHGDG GHO &DQWyQ $PEDWR 1R
KLE>LI8?L8
HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ++/ mXcfi (''#'' [\ cX :kX% :k\% Ef% *+,,+(0-'+ g\ik\e\Z`\ek\ X 9FC8EFJ 9FC8EFJ#:ILQ$EL9@8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& (/ d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\$ hl\ Ef ()' [\ cX :kX% :k\% Ef% *+0+-+*/'+ g\ik\$ e\Z`\ek\ X P8EJ8G8EK8 >L8E8E>8#BC<M<I$=89@8E [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\$ i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& (0 d^
$63,5$17( 0(5(&,0,(1726 'U /XLV (GXDUGR 5LRIUtR 3UDGR 'U 0* )UHGG\ 3D~O 5DPRV (VFREDU $EJ 6DQWLDJR 0DXULFLR %D\DV 0DULQ 'U ÉOYDUR $EUDKDQ )ORUHV 9DUHOD 'UD 0DULW]D 7DWLDQD 3pUH] 9DOHQFLD 'U +HUQiQ 0DUFHOR 6DOD]DU $ULDV 'U 9LGDO $QWRQLR 5RVHUR 7RDSDQWD 'UD 'RUD 0DJGDOHQD 8UTXL]R 6LHUUD 'UD -XGLWK 0DJGDOHQD 7RUUHV 0RQWHQHJUR $EJ -DLPH &DPDFKR 5RGUtJXH]
2326,&,Ð1
727$/
/R TXH VH SRQH HQ FRQRFLPLHQWR S~EOLFR FRQ HO ILQ GH TXH HQ HO WpUPLQR GH FLQFR GtDV D SDUWLU GH HVWD IHFKD VH SUHVHQWHQ DQWH HO VHxRU $OFDOGH GH $PEDWR LPSXJQDFLRQHV UHVSHFWR GH OD SURELGDG H LGRQHLGDG GH ORV SRVWXODQWHV LPSXJQDFLRQHV TXH GHEHUiQ IRUPXODUVH SRU HVFULWR GHELGDPHQWH IXQGDPHQWDGDV FRQ ILUPD GH UHVSRQVDELOLGDG $UT )HUQDQGR &DOOHMDV %DURQD $/&$/'( '( $0%$72
Ē &ŋ v-ēŋ*# ŋ ŋ * . ,)ŋ +/ ŋ- ŋ0 3 ŋ / (.)ŋ (. ĔŊ ŊŊě ;b Z_Wh_e ;b FW‡i"
ēŊ +Ŋ -" 3 1(.Ŋ"#Ŋ #-#94#+ Ŋ!.-$~ Ŋ#-Ŋ4-Ŋ/1.-3.Ŋ1#%1#2.ēŊ
"60 4Ĺ‹* ,.# #* ,6Ĺ‹ (Ĺ‹& -Ĺ‹ & #)( -Ĺ‹ 2~ĹŠ+.ĹŠ 2#%41¢Ŋ#+ĹŠ,(-(231.ĹŠ"#ĹŠ (- -9 2ĹŠ ;2ĹŠ8ĹŠ,;2ĹŠ 5#-#9.+ -.ēŊ +ĹŠ 1#2("#-3#ĹŠ(-(!(¢Ŋ+ ĹŠ /."#1 04(,(.3#1 /( ĹŠ#-ĹŠ ĹŠ - Ä“ Ĺ—ĹŠĹŠ ';5#9ĔŊ"#ĹŠÄŽÄ?ĹŠ  .2ĔŊ$4#ĹŠ./#Äą ĔŊ ĹŠÄ› ;b c_d_ijhe c[dj[ W ik l_Y[fh[i_Z[dj[" ;b‡Wi 1 ".ĹŠ' !#ĹŠ4-ĹŠ,#2ĹŠ#-ĹŠ 4 ĹŠ"#ĹŠ4-ĹŠ Z[ <_dWdpWi l[d[pebWde" @eh][ =_ehZWd_" Yedi_Z[hÂŒ Wo[h gk[ [b cWdZWjWh_e >k]e 9^|l[p" gk[ [ij| _d_Y_WdZe [d 9kXW ik jhWjWc_[dje Z[ gk_c_ej[hWf_W YedjhW [b Y|dY[h" fWhj_Y_fWh| [d bWi [b[YY_ed[i Z[ (&'($ ÆOe Yh[e gk[ de ^Wo ZkZW gk[ [d bWi [b[YY_ed[i Z[ (&'( [b Fh[i_Z[dj[ lW W [ijWh fh[i[dj[ o bk[]e feh ckY^‡i_cei W‹ei c|iÇ" Z_`e [b h[ifediWXb[ [d kdW [djh[l_ijW Yed bW j[b[l_iehW eĂ’ Y_Wb LJL$ =_ehZWd_ ]WhWdj_pÂŒ gk[ [b [gk_fe Z[ =eX_[hde i[]k_h| Ykcfb_[dZe iki jWh[Wi c_[d# jhWi Zkh[ bW Wki[dY_W Z[b CWd# ZWjWh_e$ Ä (#".ĹŠ ĹŠ"#+#% 1Ä&#x;
9^|l[p de Y[Z_Œ fhel_i_edWb#
@WkW" bW `[\WjkhW Z[b ]eX_[hde" Yece [n_]‡W bW efei_Y_ÂŒd l[d[# pebWdW o Yedj[cfbW bW 9edi# j_jkY_ÂŒd [d YWiei Z[ Wki[dY_W j[cfehWb$ ;b `[\[ Z[ ;ijWZe i_]k[ i_[d# Ze bW YWX[pW Z[b ;`[Ykj_le f[i[ W [dYedjhWhi[ [d BW >WXWdW o ‘d_YWc[dj[ Z[b[]ÂŒ [d @WkW o =_ehZWd_ Wb]kdWi eXb_]WY_ed[i WZc_d_ijhWj_lWi o jWcX_ƒd bWi fh[ikfk[ijWh_Wi$ ÄĽ #-!#1#,.2ÄŚ
9^|l[p YedĂ’ ÂŒ [b i|XWZe Wdj[i Z[ iWb_h Z[ L[d[pk[bW [d ik jejWb YkhWY_ÂŒd$ ÆH[]h[iWhƒ c[`eh Z[ be gk[ c[ leo$ ;ijeo i[]khe Z[ gk[ be lWcei W be]hWhÇ" Z_`e$ Æ8k[dei Z‡Wi ckdZe \[b_p 8k[dei Z‡Wi L[d[pk[bW X[bbW
34,.1ĹŠ! -!#1.2.ĹŠ#-ĹŠ+ ĹŠ9.- ĹŠ/_+Äą 5(! ĹŠ8ĹŠ5( )¢Ŋ"#ĹŠ-4#5.ĹŠ ĹŠ ĹŠ - ĹŠ #+ĹŠ2; ".ĹŠ/.1ĹŠ4-ĹŠ3(#,/.ĹŠ(-"#3#1Äą ,(- ".ĹŠ/ 1 ĹŠ(-(!( 1ĹŠ2#2(.-#2ĹŠ"#ĹŠ 04(,(.3#1 /( Ä“ ';5#9ĔŊ#-ĹŠ#+ĹŠ/."#1ĹŠ"#2"#ĹŠ ÄˆÄ’Ä’Ä’Ä”ĹŠ 2/(1 ĹŠ#-ĹŠÄ‰Ä‡ÄˆÄ‰ĹŠ ĹŠ2#1ĹŠ1##+#Äą %(".ĹŠ/ 1 ĹŠ4-ĹŠ3#1!#1ĹŠ, -" 3.ĹŠ"#ĹŠ 2#(2ĹŠ  .2ēŊ +ĹŠ)#$#ĹŠ"#ĹŠ 23 ".ĹŠ-.ĹŠ' ĹŠ " ".ĹŠ ĹŠ#-3#-"#1ĹŠ/.1ĹŠ '.1 ĹŠ04#ĹŠ24ĹŠ ! -"(" 341 ĹŠ#23_ĹŠ#-ĹŠ#-31#"(!'.ĹŠ "# (".ĹŠ ĹŠ+ ĹŠ#-$#1,#" "Ä“
:[iZ[ Wgk‡" b_ije fWhW ejhe Z‡W Z[ XWjWbbW feh bW l_ZW$ L_l_h[# cei o L[dY[h[cei Bei Wce Ç" [iYh_X_ÂŒ Wo[h [b Fh[i_Z[dj[ Z[i# Z[ ik Yk[djW [d bW h[Z ieY_Wb Jm_jj[h$ BWi Z[YbWhWY_ed[i h[_# j[hWd bW feijkhW Z[b =eX_[hde" Z[ gk[ bW [d\[hc[ZWZ de Wbj[hW bei fbWd[i h[[b[YY_ed_ijWi$
Yedi_Z[hWZe [b f[h_ÂŒZ_Ye Z[ h[# \[h[dY_W [d ;ifW‹W" f_Z_ÂŒ Wb fh[# i_Z[dj[ Z[b =eX_[hde" @eiƒ Bk_i HeZh‡]k[p PWfWj[he" gk[ i[ lWoW o Yedlegk[ oW bWi [b[YY_ed[i ][# d[hWb[i" fh[l_ijWi fWhW [b fhÂŒn_# ce c[i Z[ cWhpe$ ;d kd [Z_jeh_Wb j_jkbWZe Ăˆ<_dWb Z[ Y_YbeÉ" i[‹WbW gk[ ÆW bW \[Y^W dei [dYedjhWcei Yed kd fW‡i Wc[dWpWZe Z[ hk_dW WjhWfWZe [d bW leh|]_d[ Z[ bei c[hYWZei Ă’ dWdY_[hei Z[iWjWZW ieXh[ ;k# hefW Ç " Z_Y[ gk[ Æi_ PWfWj[he gk_[h[ h[dZ_h kd ‘bj_ce i[hl_Y_e Wb fW‡i" Z[X[ ^WY[hbe WXWdZedWd#
Ä ÄŠĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
Ĉ
Ze [b feZ[h YkWdje Wdj[iÇ $ ÆBei [ifW‹eb[i [d ik Yed`kd# je" o bei lejWdj[i ieY_Wb_ijWi" [d fWhj_YkbWh" i[ be W]hWZ[Y[h|dÇ" W]h[]W$ ;b FW‡i ieij_[d[ gk[ Z[i# Z[ gk[ PWfWj[he Z[iWjÂŒ bWi Zk# ZWi ieXh[ ik Yedj_dk_ZWZ" Æ[d kd Yec[djWh_e jWd _d\ehcWb Yece _hh[ifediWXb[Ç W Ă’ dWb[i Z[ (&'&" Æbei WYedj[Y_c_[djei i[ ^Wd fh[# Y_f_jWZe$ FWhW f[ehÇ$ H[fWiW bW i_jkWY_ÂŒd Z[b fW‡i" ie# c[j_Ze W ]hWdZ[i fh[i_ed[i [d bei c[hYWZei Ă’ dWdY_[hei" f[he jWcX_ƒd #Z_Y[# Æi_d f[hif[Yj_lW" Yed i[h_ei fheXb[cWi Z[ Ye^[# i_ÂŒd ieY_Wb o Wkd j[hh_jeh_Wb" [d [b gk[ YkdZ[ bW Z[i_bki_ÂŒdÇ $
-Ĺ‹ Ĺ‹" (Ĺ‹, -*)(- & &Ĺ‹ -. )Ĺ‹ Ĺ‹'/ ,. -Ĺ‹3Ĺ‹ ˜) :ĔŊ ĹŠÄ› BW ]k[hh_bbW Z[ bWi
<7H9 ^_pe h[ifediWXb[ Wb ;ijW# Ze YebecX_Wde Z[ bWi ck[hj[i Z[ Y_l_b[i o ZW‹ei W X_[d[i Z[ bW fe# XbWY_ÂŒd gk[ i[ fh[i[dj[d [d c[# Z_e Z[ WjWgk[i h[X[bZ[i W YkWh# j[b[i cedjWZei Y[hYW Z[ YWiWi o i_j_ei Z[ YedY[djhWY_ÂŒd f‘Xb_YW$ ;b ‘d_Ye h[ifediWXb[ Æ[i [b ;ijWZe feh cWdj[d[h f[hiedWb [ _d\hW[ijhkYjkhW c_b_jWh [d c[Z_e Z[ bW feXbWY_ÂŒd Y_l_bÇ" ieijkle [b bbWcWZe 9ecWdZe 9ed`kdje Z[ EYY_Z[dj[ Z[ bWi <7H9 [d kd Ye# ckd_YWZe Z_\kdZ_Ze Wo[h$ BW Yeckd_YWY_ÂŒd Z[b cWdZe
h[]_edWb Z[ bWi <7H9 WbkZ[ W bWi Yedi[Yk[dY_Wi Z[ kd WjWgk[ W Jeh_X‡e" kdW Z[ bWi i[_i beYWb_ZW# Z[i Z[b Z[fWhjWc[dje Z[b 9WkYW ikhe[ij[ WbYWdpWZWi ^WY[ c|i Z[ kdW i[cWdW feh kdW e\[di_lW gk[ Z[`Œ Wb c[dei , ck[hjei o .& ^[h_Zei$ BWi l‡Yj_cWi \k[hed cWoeh_# jWh_Wc[dj[ Y_l_b[i o" Z[ [bbei" Wb# ]kdei WXeh‡][d[i" c_[djhWi gk[ bW ]hWd fWhj[ Z[ ZW‹ei i[ h[]_ijhŒ [d X_[d[i Z[ bW feXbWY_Œd" [djh[ [bbei c|i Z[ )+& Zec_Y_b_ei gk[ [hWd Wbgk_bWZei e Y[Z_Zei feh iki Zk[‹ei W bWi Wkjeh_ZWZ[i$
1R WH SLHUGDV QXHVWUR HVSHFLDO
#2!.-3#-3.ĹŠ#-ĹŠ 21 #+
(#-3.2Ŋ"#Ŋ(21 #+~#2Ŋ' !#-Ŋ'4#+% Ŋ#-Ŋ#+Ŋ!#-31.Ŋ"#Ŋ #+Ŋ 5(5Ŋ#-Ŋ/1.3#23 Ŋ/.1Ŋ#+Ŋ!1#!(#-3#Ŋ!.23.Ŋ"#Ŋ5(" ēŊ
&LUFXOD 0LpUFROHV GH MXOLR GH
ĉ
Ä ÄŠĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
ēŊ -Ŋ#23#Ŋ%14/.Ŋ"#Ŋ$.3.%1 $~ 2ĔŊ"#2"#Ŋ+ Ŋ(904(#1" ĔŊ#+Ŋ, %- 3#Ŋ 4/#13Ŋ 41".!'ĔŊ24Ŋ'().Ŋ ,#2ĔŊ '.1 Ŋ +Ŋ$1#-3#Ŋ"#Ŋ242Ŋ-#%.!(.2ĔŊŊ8Ŋ+ Ŋ#"(3.1 Ŋ"#Ŋ-.3(!( 2Ŋ # #* 'Ŋ 1..*2ēŊ
ēŊ +Ŋ!.,(2 1(.Ŋ)#$#Ŋ"#Ŋ+ Ŋ .+(!~ Ŋ #31./.+(3 - Ŋ"#Ŋ .-"1#2ĔŊ (1Ŋ 4+Ŋ 3#/'#-2.-ĔŊ2 +#Ŋ"#Ŋ !.3+ -"Ŋ 1"Ŋ31 2Ŋ -4-!( 1Ŋ24Ŋ1#-4-!( ēŊ ŊŊ
1(2(2ĹŠ#-ĹŠ !.3+ -"ĹŠ 1" Ĺ—ĹŠĹŠ
!.3+ -"ĹŠ 1"ĹŠ2#ĹŠ'4-"(¢Ŋ#-ĹŠ4- ĹŠ %1 5#ĹŠ!1(2(2ĹŠ/.1ĹŠ+ ĹŠ"(,(2(¢-ĹŠ#-ĹŠ /#Äą - 2ĹŠÄ‰ÄŒĹŠ'.1 2ĹŠ"#ĹŠ242ĹŠ".2ĹŠ/1(-!(/ +#2ĹŠ 1#2/.-2 +#2ĹŠ/.1ĹŠ#+ĹŠ#2!;-" +.ĹŠ"#+ĹŠ ÄĄ #62ĹŠ.$ĹŠ3'#ĹŠ .1+"ĢĔŊ04#ĹŠ! " ĹŠ"~ ĹŠ /.-#ĹŠ,;2ĹŠ/1#2(¢-ĹŠ2. 1#ĹŠ#+ĹŠ/1(,#1ĹŠ ,(-(231.ĹŠ 1(3;-(!.ĔŊ 5("ĹŠ ,#1.-Ä“ +ĹŠÄĽ/1#,(#1ÄŚĹŠ2#ĹŠ5(.ĹŠ$.19 ".ĹŠ ĹŠ !.,4-(! 1ĹŠ"#2"#ĹŠ 4";$1(! ĹŠ04#ĹŠ#+ĹŠ 1+ ,#-3.ĹŠ-.ĹŠ2#ĹŠ(1;ĹŠ ĂŒ-ĹŠ"#ĹŠ5 ! !(.Äą -#2ĹŠ8ĹŠ!#+# 1 1;ĹŠ#23#ĹŠ,(_1!.+#2ĹŠ4- ĹŠ 2#2(¢-ĹŠ#731 .1"(- 1( ĹŠ/ 1 ĹŠ"# 3(1ĹŠ#+ĹŠ ! 2.ĹŠ"#ĹŠ+.2ĹŠ/(-!' 9.2ĹŠ3#+#$¢-(!.2ĹŠ8ĹŠ 2. .1-.2ĹŠ ĹŠ/.+(!~ 2ĹŠ"#+ĹŠ3 +.("#ĹŠ"#ĹŠ 4/#13ĹŠ 41".!'ĔŊ04#ĹŠ' ĹŠ! 42 ".ĹŠ !4 31.ĹŠ"(,(2(.-#2Ä“
, Ĺ‹ &Ĺ‹ - 6( &) Ĺ‹& Ĺ‹*, (- Ĺ‹ ' ,#&&
Ŋ! ~" Ŋ"#Ŋ # #* 'Ŋ 1..*2ĔŊ+ Ŋ1#(- Ŋ"#Ŋ +.2Ŋ3 +.("#2ĔŊ2#Ŋ !#+#1 ēŊ - Ŋ,4#13#Ŋ #-1#" Ŋ,;2Ŋ#+Ŋ! 2.ē
ĔŊ ŊěŊBW YW‡ZW Z[ H[X[aW^
8heeai \k[ jWd \kb]khWdj[ Yece ik WiY[di_ÂŒd0 i[ WY[b[hÂŒ [d *. ^ehWi0 ĂˆbW h[_dW Z[ bei jWXbe_Z[iÉ Xh_j|d_# Yei" YedleYWZW feh bW Yec_i_ÂŒd fWhbWc[djWh_W" [ij| [d b_X[hjWZ YedZ_Y_edWb feh YehhkfY_ÂŒd Z[ fe# b_Y‡Wi o Yecfb_Y_ZWZ [d [iYkY^Wi j[b[\ÂŒd_YWi _b[]Wb[i$ ;b Zec_d]e" bW fhej[]_ZW Z[b je# ZefeZ[heie cW]dWj[ Z[ bW fh[diW Hkf[hj CkhZeY^" iWb_ÂŒ Z[ kd Ye# c_iWh_WZe Z[ feb_Y‡W" jhWi ^WX[h fWZ[Y_Ze '( ^ehWi Z[ _dj[die _dj[#
hhe]Wjeh_e$ >WY[ kdW i[cWdW" [ijW f[b_hhe# `W Z[ *) W‹ei WfWh[Y‡W iedh_[dj[ Wb bWZe Z[ ik c[djeh Hkf[hj Ckh# ZeY^$ ;b cW]dWj[ WkijhWbe#[ijW# Zekd_Z[di[ WYWXWXW Z[ YhkpWh [b 7jb|dj_Ye fWhW Wikc_h f[hiedWb# c[dj[ bWi h_[dZWi Z[b YWie Z[ bWi [iYkY^Wi j[b[\ÂŒd_YWi _b[]Wb[i fhWY# j_YWZWi feh D[mi e\ j^[ MehbZ DejM " Xkgk[ _di_]d_W Z[ bW Z_# l_i_ÂŒd Xh_j|d_YW Z[b ]hkfe D[mi 9ehf$ ƾC_ fh_eh_ZWZ5 ;i [bbWÇ" Z_`e [b cW]dWj[$
.ĹŠ04#ĹŠ' ĹŠ/ 2 ".
F[he kdW YWiYWZW Z[ WYed# j[Y_c_[djei ^W h[c[Y_Ze [d kdei Z‡Wi W D[mi 9ehf" kde Z[ bei ]hkfei Z[ c[Z_ei Z[ Yeckd_YWY_ÂŒd c|i feZ[he# iei Z[b ckdZe" Wi‡ Yece W ik Ă’ b_Wb Xh_j|d_YW D[mi ?dj[hdW# j_edWb" Z_h_]_ZW feh 8heeai" gk[ ^W YWcX_WZe bW l_ZW W bW gk[" ZkhWdj[ ckY^e j_[c# fe" [hW Yedi_Z[hWZW Yece bW Ægk_djW ^_`W Z[ Hkf[hjÇ$ ;b fWjh_WhYW Z[ .& W‹ei Y[hhÂŒ [b DejM" WXWdZedÂŒ kd fheo[Yje \Whe Z[ [nfWdi_ÂŒd [d [b H[_de Kd_Ze o iWYh_\_YÂŒ W iki Zei fh_dY_fWb[i bk]Whj[d_[dj[i" H[X[aW^ o B[i >_djed" YecfW# ‹[he Z[ c[Z_e i_]be$ #1ÄƒĹŠ+ĹŠ(-04(#3 -3#
I[]‘d ik X_e]hW\‡W" 8heeai fWiŒ feh bW Kd_l[hi_ZWZ Z[ bW IehXe# dW" [d FWh‡i" o feh bW fh[diW Z[ fhel_dY_W Xh_j|d_YW$ :[ifkƒi Z[ gk[ W bei '* W‹ei i[ fhec[j_Œ gk[ i[h‡W f[h_eZ_ijW" [djhŒ Yece i[# Yh[jWh_W [d [b DejM [d '/./$ EdY[ W‹ei c|i jWhZ[ i[ Yed# l_hj_Œ [d bW fh_c[hW ck`[h o [d bW c|i `el[d [d Z_h_]_h kd Z_Wh_e [d bW ^_ijeh_W Z[ bW fh[diW dWY_edWb Xh_j|d_YW$ ;d (&&) fWiŒ Wb Ikd" ejhe jWXbe_Z[ Z[b ]hkfe$ O (&&/ \k[ [b W‹e Z[ ik YediW]hWY_Œd0 i[ Yedl_hj_Œ [d Z_h[YjehW ][d[# hWb Z[ D[mi ?dj[hdWj_edWb$ 7 be bWh]e Z[ [ijei W‹ei
4 +(! !(¢-
.3(!( 2ĹŠ2#-2 !(.- +#2 ĹŠ 4!' 2ĹŠ"#ĹŠ+ 2ĹŠÄŒÄ“Ä‡Ä‡Ä‡ĹŠ#2!4!' 2ĹŠ/1 !Äą Ĺ—3(! " 2ĹŠ/.1ĹŠ#+ĹŠ .3 ĹŠ#-ĹŠ+.2ĹŠ  .2ŊĉćććŊ 2#ĹŠ/1."4)#1.-ĹŠ!4 -".ĹŠ # #* 'ĹŠ 1..*2ĹŠ #23 ĹŠ +ĹŠ$1#-3#ĹŠ"#+ĹŠ"( 1(.Ä“
Ŋ Ŋ .+(!~ Ŋ"#2# Ŋ(-3#11.% 1+ Ŋ2. 1#Ŋ+ 2Ŋ ŗ"#!+ 1 !(.-#2Ŋ04#Ŋ'(9.Ŋ -3#Ŋ4- Ŋ!.,(2(¢-Ŋ / 1+ ,#-3 1( Ŋ#-ŊĉććĊĔŊ!4 -".Ŋ ",(3(¢Ŋ 04#Ŋ' ~ -Ŋ/ % ".Ŋ Ŋ+ Ŋ .+(!~ Ŋ/ 1 Ŋ. 3#Ĺ -#1Ŋ(-$.1, !(¢-Ŋ#-Ŋ#+Ŋ/ 2 ".ē
Ĺ— #ĹŠÄĄ .,/1#-"#1;-ĹŠ"#-31.ĹŠ"#ĹŠ4-ĹŠ  .ĢĔŊ"().ĹŠ #* 'ĹŠ 1..*2ĔŊ!.-ĹŠ+;%1(, 2ĹŠ#-ĹŠ+.2ĹŠ.).2ĔŊ !4 -".ĹŠ -4-!(¢Ŋ' !#ĹŠ4-.2ĹŠ"~ 2ĹŠ#+ĹŠÄƒĹŠ-ĹŠ"#+ĹŠ .3 ĹŠ ĹŠ+.2ŊĉććŊ#,/+# ".2ĹŠ 3¢-(3.2ēŊ
ĹŠ ĹŠ,(23#1(.2 ĹŠ!.-ÄƒĹŠ"#-!( ĹŠ 4%41 Ĺ—-.3(!( 2ĹŠ2#-2 !(.- +#2Ä“
ĹŠ
Ŋ 1..*2Ŋ/4#"#Ŋ2#1Ŋ4- Ŋ"#Ŋ+ 2Ŋ/1(-!(/ +#2Ŋ ŗ5~!3(, 2ēŊ .2Ŋ! 1%.2Ŋ04#Ŋ2#Ŋ+#Ŋ(,/43 -Ŋ /4#"#-Ŋ24/.-#1Ŋ5 1(.2Ŋ  .2Ŋ"#Ŋ!;1!#+ē
^W Z[ceijhWZe kdWi Zej[i fWhW bWi h[bWY_ed[i f‘Xb_YWi" kd_l[h# iWbc[dj[ h[YedeY_ZWi" kdW Wc# X_Y_ÂŒd o kdW WkZWY_W \k[hW Z[ be Yec‘d" Wi‡ Yece kd YWh|Yj[h fWhj_YkbWhc[dj[ X_[d j[cfbWZe$ '.1 ĔŊ /#23
8heeai i[ h[jhWjW ieXh[ jeZe Yed kdW febƒc_YW YWcfW‹W [d bW gk[ _dijWXW W Z[dkdY_Wh W bei f[Z[# hWijWi" Ykoei decXh[i o Z_h[Y# Y_ed[i \k[hed fkXb_YWZei feh [b DejM$ BW b[o[dZW Wi[]khW jWc# X_ƒd gk[ de ZkZÂŒ [d Z_i\hWpWhi[ Yece [cfb[WZW Z[ bW b_cf_[pW fWhW [djhWh Wb IkdZWo J_c[i fWhW Yedi[]k_h kdW fh_c_Y_W$ F[he [d kd WXh_h o Y[hhWh Z[ e`ei" bW [ijh[bbW Z[ bWi Y[dWi o Z[ bWi Ă’ [ijWi gk[ fWiÂŒ bW ‘bj_cW DW# l_ZWZ [d YecfW‹‡W Z[b fh_c[h c_d_ijhe :Wl_Z 9Wc[hed i[ ^W Yedl[hj_Ze [d kdW Wf[ijWZW$ Bei fWhj_Zei feb‡j_Yei WfbWk# Z_[hed kd|d_c[c[dj[ ik Z_c_# i_ÂŒd" _]kWb gk[ Wb]kdei _dl[hie# h[i Z[ D[mi 9ehf$
(23#1(.2 Ŋ,4#13#Ŋ"#Ŋ /#1(."(23 Ŋ"#-4-!( -3# ŊŊ # -Ŋ . 1#ĔŊ#+Ŋ/1(,#1Ŋ/#1(."(23 Ŋ04#Ŋ"#-4-!(¢Ŋ+ Ŋ(,/+(! !(¢-Ŋ"#Ŋ -"8Ŋ ŗ .4+2.-Ŋ#-Ŋ+ 2Ŋ!'49 " 2Ŋ3#+#$¢-(! 2Ŋ"#+Ŋ #62Ŋ.$Ŋ3'#Ŋ .1+"ĔŊ / 1#!(¢Ŋ,4#13.Ŋ
4-04#Ŋ24Ŋ$ ++#!(,(#-3.Ŋ-.Ŋ2#Ŋ!.-2("#1 Ŋ#-Ŋ/1(-!(/(.Ŋ5(-!4+ ".Ŋ Ŋ4-Ŋ24(!("(.Ŋ.Ŋ Ŋ ! 42 2Ŋ5(.+#-3 2ĔŊ(-$.1,¢Ŋ#+Ŋ"( 1(.Ŋ '#Ŋ 4 1"( -ē . 1#ĔŊ04(#-Ŋ/#1"(¢Ŋ24Ŋ31 ).Ŋ/.1Ŋ/1. +#, 2Ŋ!.-Ŋ+ Ŋ # (" Ŋ8Ŋ+ 2Ŋ"1.% 2ĔŊ / 1#!(¢Ŋ,4#13.Ŋ 8#1Ŋ#-Ŋ24Ŋ! 2 Ŋ/.1Ŋ! 42 2Ŋ"#2!.-.!(" 2ēŊ +Ŋ/#1(."(23 Ŋ31 )¢Ŋ#-Ŋ '#Ŋ 4-Ŋ8Ŋ #62Ŋ.$Ŋ3'#Ŋ .1+"ĔŊ".2Ŋ,#"(.2Ŋ2#-2 Ĺ !(.- +(23 2Ŋ"#Ŋ #62Ŋ .1/.1 3(.-Ŋ"#Ŋ 4/#13Ŋ 41".!'ĔŊ)4-3.Ŋ Ŋ -"8Ŋ .4+2.-ĔŊ 04(#-Ŋ#-Ŋ#-#1.Ŋ"(,(3(¢Ŋ!.,.Ŋ)#$#Ŋ"#Ŋ/1#-2 Ŋ"#Ŋ 5("Ŋ ,#1.-ĔŊ/1(,#1Ŋ,(-(2Ĺ 31.Ŋ 1(3;-(!.ē . 1#Ŋ 2#%41¢Ŋ04#Ŋ#+Ŋ#7)#$#Ŋ"#Ŋ/1#-2 Ŋ"#Ŋ ,#1.-Ŋ-.Ŋ2.+.Ŋ+.Ŋ2 ~ ĔŊ2(-.Ŋ 04#Ŋ +#-3 Ŋ Ŋ+.2Ŋ1#/.13#1.2Ŋ Ŋ/(-!' 1Ŋ+.2Ŋ3#+_$.-.2Ŋ"#Ŋ$ ,.2.2Ŋ/ 1 Ŋ+.%1 1Ŋ #7!+42(5 2ē
&Ĺ‹& !)Ĺ‹ #.# Ä…Ĺ‹/( Ĺ‹ ' , 0#&& Ĺ‹ )(. '#(
Ä ÄŠĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
ÄŠ
2/#!(#2ĹŠ ,#- 9 " 2
.2ĹŠ"#2#!'.2ĹŠ04#ĹŠ2#ĹŠ 11.) -ĹŠ2. 1#ĹŠ+ 2ĹŠ %4 2ĹŠ"#ĹŠ#23#ĹŠ#, +#, ĹŠ!.,/ 13(".ĹŠ/.1ĹŠ .+(5( ĹŠ8ĹŠ #1ĂŒĹŠ#23;-ĹŠ"#3#1(.1;-".+.Ä“ ĹŠ š
J_[d[ .$*&& a_bÂŒc[jhei YkWZhWZei Z[ X[bb[pW$ ;ij| kX_# YWZe W )$.&& c[jhei ieXh[ [b d_l[b Z[b cWh$ C_b[i Z[ jkh_ijWi WYkZ[d YWZW W‹e fWhW WZc_hWhbe$ ;i [b J_j_YWYW" [b bW]e dWl[]WXb[ c|i Wbje Z[b ckdZe$ F[he [d [ij[ YWie j_[d[ [b fheXb[cW Z[ bW Yed# jWc_dWY_ÂŒd$ ;b Fhe]hWcW Z[ bWi DWY_ed[i Kd_ZWi fWhW [b C[Z_e 7cX_[d# j[ FdkcW ^W Wb[hjWZe ieXh[ bW Yh‡j_YW i_jkWY_ÂŒd [d Wb]kdei fkdjei o ^W ^[Y^e kd bbWcWZe W bei ]eX_[hdei Z[ 8eb_l_W o F[h‘" gk[ YecfWhj[d bW ieX[hWd‡W Z[b bW]e" W [dYWhWh ÆkdW WYY_ÂŒd Yeeh# Z_dWZW o kh][dj[ fWhW \h[dWh bW Z[]hWZWY_ÂŒd WcX_[djWbÇ$ Kd jejWb Z[ jh[i c_bbed[i Z[ f[hiedWi l_l[d [d bWi Y[hYWd‡Wi Z[ bW Yk[dYW Z[b bW]e J_j_YWYW o" i[]‘d DWY_ed[i Kd_ZWi" bWi fh_dY_fWb[i Y_kZWZ[i h_X[h[‹Wi ][d[hWd c|i Z[ '&&$&&& jed[# bWZWi Z[ h[i_Zkei Wb W‹e gk[ lWd W fWhWh Wb bW]e$ I[]‘d [b _d\ehc[" jWcX_ƒd Yedjh_Xko[d W bW Z[]hWZWY_ÂŒd bW WYj_l_ZWZ c_d[hW [d bei h‡ei Y[h#
YWdei Wb bW]e J_j_YWYW o [b YWb[d# jWc_[dje ]beXWb$
.2ĹŠ/#!#2ĹŠ5 -ĹŠ"#2 / 1#!(#-".
;l[bod JWkY[h" YeehZ_dWZehW Z[b [gk_fe gk[ h[Wb_pÂŒ [b [ijkZ_e Z[ bW Yk[dYW Z[b 7bj_fbWde" Wdj_Y_# fW gk[ [ijW YedjWc_dWY_ÂŒd ÆlW W fheZkY_h ZW‹ei [d bW l_ZW WYk|j_# YW o i[ [ij| fheZkY_[dZe kd YWc# X_e [d bW YWb_ZWZ Z[b W]kWÇ$ Bei feXbWZeh[i oW ^Wd Ye# c[dpWZe W i[dj_h [iei [\[Yjei" ieXh[ jeZe [d bW Z_ic_dkY_ÂŒd Z[ bei f[Y[i$ HebWdZe FecW Yk[djW gk[ bW YedjWc_dWY_ÂŒd ^W fheleYWZe ÆbW fƒhZ_ZW Z[b f[iYWZe$ 7b]kdWi lWh_[ZWZ[i ^Wd Z[iWfWh[Y_ZeÇ o ejhWi [cf_[pWd W [iYWi[Wh$ Feh [ij[ cej_le" ^W [cf[ehWZe bW [Yedec‡W Z[ bei ^WX_jWdj[i Z[ bWi h_X[hWi Z[b bW]e" ZedZ[ i_d [c# XWh]e" bW ][dj[ jWcX_ƒd l_l[ Z[ bW ]WdWZ[h‡W o Z[ bW W]h_YkbjkhW$ ÄĽ .ĹŠ2.,.2ĹŠ-.2.31.2ÄŚ
;djh[ bei feXbWZeh[i ^Wo Ye_d# Y_Z[dY_W [d gk[ [b bW]e [ij| h[Y_# X_[dZe XWikhW" W]kWi h[i_ZkWb[i
ēŊ 2Ŋ4-.Ŋ"#Ŋ+.2Ŋ+ %.2Ŋ,;2Ŋ(,/.13 -3#2Ŋ"#+Ŋ,4-".ē
!!(.-#2ĹŠ41%#-3#2 +ĹŠ(-$.1,#ĹŠ"#ĹŠ !(.-#2ĹŠ -(" 2ĹŠ "5(#13#ĹŠ04#ĹŠÄĄ#2ĹŠ(-"(2/#-2 +#ĹŠ04#ĹŠ , .2ĹŠ Ĺ—%.ĹŠĹŠĹŠ (#1-.2Ŋĸ .+(5( ĹŠ8ĹŠ #1ĂŒÄšĹŠ8ĹŠ242ĹŠ(-23 -!( 2ĹŠ/.+~3(! 2ĹŠ8ĹŠ3_!-(! 2ĹŠ(-5.+4!1 " 2ĹŠ, -Äą 3#-% -ĹŠ4-ĹŠ2#%4(,(#-3.ĹŠ!.-3(-4.ĹŠ"#+ĹŠ"#5#-(1ĹŠ"#ĹŠ#23#ĹŠ/1.!#2.ĢŊ8ĹŠ04#ĹŠ2#ĹŠ 24, -ĹŠ + 2ĹŠ,#"(" 2ĹŠ "#!4 " 2Ä“ ÄĄ ¢+.ĹŠ 2~ĹŠ/."1;ĹŠ#5(3 12#ĹŠ#+ĹŠ! #1ĹŠ#-ĹŠ#+ĹŠ8 ĹŠ!.-.!(".ĹŠ! ,(-.ĹŠ"#+ĹŠ -".-.ĢĔŊ 2# + ĹŠ#+ĹŠ".!4,#-3.ēŊ -31#ĹŠ+ 2ĹŠ,#"(" 2ĹŠ1#!.,#-" " 2ĹŠ#23;ĹŠ+ ĹŠ!..1"(- !(¢-ĹŠ8ĹŠ !.,/ 3( (+(9 !(¢-ĹŠ"#ĹŠ+ ĹŠ+#%(2+ !(¢-ĹŠ"#ĹŠ .+(5( ĹŠ8ĹŠ #1ĂŒÄ”ĹŠ 2~ĹŠ!.,.ĹŠ+ ĹŠ!.-2314!!(¢-ĹŠ"#ĹŠ (-$1 #2314!341 ĹŠ8ĹŠ#+ĹŠ1 !(.- ,(#-3.ĹŠ"#ĹŠ+ ĹŠ/#2! Ä“
o jÂŒn_Yei Z[ bW [nfbejWY_ÂŒd c_d[# hW" f[he dWZ_[ i[ i_[dj[ h[ifediW# Xb[ feh bW i_jkWY_ÂŒd$ 9WdZ[bWh_W L_bbWdk[lW" gk_[d j_[d[ kd fk[i# je Z[ l[djW Y[hYW Z[ bW fbWoW" Yh[[ gk[ bW YedjWc_dWY_ÂŒd fhel_[d[
Z[ 9efWYWXWdW o Z[ F[h‘$ ÆFeh [ij[ i[Yjeh de ^WoÇ" Wi[]khW$ HebWdZe FecW Yh[[ gk[ Æbei YeckdWh_ei de YedjWc_dWd" bei gk[ YedjWc_dWd ied bei fWiW`[# hei gk[ l_[d[dÇ$
) #ðŋ #)( -ŋ ( )'#-#š(ŋ && ( ,
ĔŊ ĹŠÄ› BW 9ec_i_ÂŒd 8W#
ēŊ '(- ĹŠ3(#-#ĹŠ+ ĹŠ,#3 ĹŠ"#ĹŠ1#"4!(1ĹŠ#-31#ĹŠÄ‘Ĺ˜ĹŠ8ĹŠÄˆÄ‡Ĺ˜ĹŠ242ĹŠ#,(2(.-#2ĹŠ"#ĹŠ!.-Äą 3 ,(- -3#2ĹŠ#-ĹŠ#+ĹŠ+4231.ĹŠÄ‰Ä‡ÄˆÄˆÄąÄ‰Ä‡ÄˆÄŽÄ“
,)3 .)ŋ 2* ,#' (. &ŋ ŋ' , )ŋ ŋ ß } ĔŊ Ŋě 9^_dW" [b cWoeh [c_#
ieh Z[ Z_ÂŒn_Ze Z[ YWhXede Z[b ckdZe" bWdpWh| kd fhe]hWcW [nf[h_c[djWb fWhW [ijWXb[Y[h kd c[hYWZe Z[ [c_i_ed[i Z[ 9E( o h[ZkY_h bei ]Wi[i YedjWc_dWdj[i [d ik bkY^W YedjhW [b YWcX_e Yb_# c|j_Ye" Z[ijWYÂŒ bW W][dY_W eĂ’ Y_Wb N_d^kW$ ;b fbWd" fh[i[djWZe feh [b l_Y[c_d_ijhe Z[ bW 9ec_i_ÂŒd DW# Y_edWb Z[ H[\ehcW o :[iWhhebbe Z[ 9^_dW" N_[ P^[d^kW" _dYbko[ kd Wkc[dje Z[ bW Z_\[h[dY_W Z[ jWh_\Wi [djh[ bWi _dZkijh_Wi Z[ Wbje Yedikce [d[h]ƒj_Ye o [b h[i#
je" Wi‡ Yece l[djW`Wi Ă’ iYWb[i W fheo[Yjei Z[ Yedi[hlWY_ÂŒd [d[h# ]ƒj_YW$ 7i_c_ice" ^WXh| _dY[dj_lei W bWi YecfW‹‡Wi Ă’ dWdY_[hWi Y^_# dWi fWhW gk[ _dl_[hjWd [d dk[lWi [d[h]‡Wi" [d kd fW‡i gk[ oW b_Z[# hW ckdZ_Wbc[dj[ bW _dl[hi_ÂŒd [d h[delWXb[i$ FWhWb[bWc[dj[" Æi[ Z[iWb[d# jWh| gk[ ^WoW kd [nY[i_le Yh[Y_# c_[dje Z[ bei i[Yjeh[i _dj[di_lei [d [d[h]‡WÇ" Z[ijWYÂŒ N_[" Æd‘c[# he ZeiÇ Z[b eh]Wd_ice [dYWh]WZe Z[ bW fbWd_Ă’ YWY_ÂŒd [YedÂŒc_YW Z[ 9^_dW$
bb[d[hW ?dj[hdWY_edWb 98? ^W WfheXWZe [d ik h[kd_ÂŒd Z[ @[hi[o H[_de Kd_Ze c[# Z_ZWi Z[ jhWdifWh[dY_W [d [b fW]e Z[ YkejWi" kde Z[ bei Wikdjei c|i Yedjhel[hj_Zei Z[ [ijW eh]Wd_pWY_ÂŒd$ 7 fhefk[ijW Z[b H[_de Kd_# Ze" bW Yec_i_ÂŒd #h[kd_ZW fWhW Z[XWj_h [b \kjkhe Z[ bW f[iYW Yec[hY_Wb Z[ Y[j|Y[ei# Z_ifk# ie gk[ bei fW‡i[i c_[cXhei fW]k[d iki YkejWi W jhWlƒi Z[ jhWdi\[h[dY_W XWdYWh_W [d bk# ]Wh Z[ [\[Yj_le W Ă’ d Z[ gk[ bei fW]ei fk[ZWd i[h beYWb_pWZei" _d\ehcÂŒ bW YWZ[dW 889$ , (.2
>WijW W^ehW" bei Z[b[]WZei Z[ bei Z_ij_djei fW‡i[i feZ‡Wd fh[i[djWhi[ Wdj[ bW Yec_i_ÂŒd o fW]Wh [d [\[Yj_le$ I[]‘d bei [nf[hjei" bW fhe# fk[ijW Xh_j|d_YW fh[j[dZ[ fe# d[h Ă’ d W Y_[hjWi fh|Yj_YWi" oW gk[ i[ ieif[Y^W gk[ Wb]kdei
ēŊ 1 Ŋ/1./.1!(.- 1Ŋ31 -2Ĺ / 1#-!( Ŋ#-Ŋ+ 2Ŋ31 -2 !!(.-#2Ŋ' -Ŋ ! , ( ".Ŋ+ Ŋ,." +(" "Ŋ"#Ŋ/ %.Ŋ"#Ŋ !4.3 2ē
c_[cXhei \WlehWXb[i W bW YWpW Z[ XWbb[dWi" Yece @WfÂŒd" fW]Wd bWi YkejWi Z[ Wb]kdei fW‡i[i f[gk[# ‹ei fWhW YedjWh Yed ik Wfeoe [d bW Yec_i_ÂŒd$ Æ;ij[ [i kd be]he \Wdj|ij_Ye gk[ ceZ[hd_pWh| bW 98?" fWhW gk[ \kdY_ed[ Yece ejhWi _c# fehjWdj[i eh]Wd_pWY_ed[i _dj[h# dWY_edWb[i" o b[ ZW c|i Yh[Z_# X_b_ZWZÇ" Z_`e H_Y^WhZ 8[doed" j_jkbWh Xh_j|d_Ye Z[ C[Z_e 7c# X_[dj[$
(/Ŋ#!.+¢%(!. .Ŋ 11.)#Ŋ+.2Ŋ"#2#!'.2Ŋ +Ŋ (1#Ŋ+( 1#ēŊ (#,/1#Ŋ!.+¢04#+.2Ŋ"#-31.Ŋ"#Ŋ4-Ŋ1#!(/(#-3#ē
41,#(23#1 ĹŠ !1(2/(+. Ĺ—ĹŠ ĹŠ ĹŠ Ä–ĹŠ 4+-#1
+#
#2!1(/!(¢-Ė
;i kd ikXWhXkije gk[ i[ be [dYk[djhW Z[iZ[ [b 8eigk[ B_jehWb >‘c[Ze ^WijW [b 8eigk[ 7dZ_de 8W`e$ I[ ^Wd h[]_ijhWZe '( feXbWY_ed[i [d ;YkWZeh" Z[ bWi YkWb[i '' [i# j|d [d bW h[]_ÂŒd b_jehWb o [d bWi [ijh_XWY_ed[i [nj[hdWi Z[ bW YehZ_bb[hW eYY_Z[djWb$ BW ejhW Yeb[YY_ÂŒd \k[ h[Ye# deY_ZW [d [b lWbb[ _dj[hWd# Z_de Z[ FWbbWjWd]W" f[he i[ Yh[[ gk[ [ijWh‡W [nj_djW feh# gk[ de i[ ^Wd fh[i[djWZe Yeb[YY_ed[i [d bW beYWb_ZWZ Z[iZ[ ^WY[ Wfhen_cWZW# c[dj[ '&& W‹ei$ ;ijW [if[Y_[ f[hj[d[Y[ W bW \Wc_b_W 9WcfWdkbWY[W o i[ f_[diW gk[ bWi Wc[dWpWi gk[ [d\h[djWd ied feh Z[\eh[i# jWY_ÂŒd" _dY[dZ_ei e [b Yehj[ Z[b cWjehhWb$ 7Z[c|i" i[ Z[iYWhjW W bW [njhWYY_ÂŒd _d# Z_iYh_c_dWZW Yece h_[i]e$ 7 f[iWh Z[ gk[ ckY^Wi Z[ bWi fbWdjWi f[hj[d[Y_[dj[i W [ijW \Wc_b_W j_[d[d kd ]hWd lWbeh ehdWc[djWb e Z[ fheZkYjei Wb_c[dj_Y_ei" de ^Wd i_Ze [n# fbejWZWi W ]hWd [iYWbW$ ^ Ä–ĹŠ ěŊ #-31.ĹŠ"#ĹŠ+ ĹŠ$ ,(+( ĹŠ ,/ -4+ !# #ĹŠ#7(23#-ĹŠÄ?ÄŽĹŠ %_-#1.2ĹŠ8ŊĉēĉććŊ#2/#!(#2ĹŠ #-ĹŠ#+ĹŠ,4-".ēŊ ěŊ .2ĹŠ!(-!.ĹŠ%_-#1.2ĹŠ,;2ĹŠ "(5#12.2ĹŠ#-ĹŠ !4 ".1ĹŠ2.-Ä–ĹŠ #-31./.%.-ĔŊ 41,#(23#1 ĔŊ (/'.! ,/8+42ĔŊ 82(/.,( ĹŠ 8ĹŠ . #+( Ä“ ŇŊ -$.1, !(¢-ĹŠ1#!./(+ " ĹŠ!.-ĹŠ /.8.ĹŠ "#ĹŠ+ ĹŠ -(¢-ĹŠ -3#1- !(.- +ĹŠ/ 1 ĹŠ+ ĹŠ .-2#15 !(¢-ĹŠ"#ĹŠ+ ĹŠ 341 +#9 ĹŠ ĸ ĚĔŊ3., " ĹŠ"#ĹŠ+.2ĹŠ ( 1.2ĹŠ .).2ĹŠ"#ĹŠ 2/#!(#2ĹŠ ,#- 9 " 2ĹŠ"#ĹŠ !4 ".1Ä“
Ä Ä€
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?Ä ÄŠĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?Ĺ?
ĹŠ
ĹŠ+ ĹŠ!;1!#+
ĹŠ ŊěŊ;b YWdjWdj[ Z[ hWf \k[ YedZ[dWZe Wo[h W (. c[i[i Z[ Y|hY[b feh [lWZ_h c|i Z[ kd c_bbÂŒd Z[ ZÂŒbWh[i [d _cfk[i# jei" _d\ehcÂŒ bW <_iYWb‡W Z[ Dk[lW @[hi[o$ 7ja_di" gk_[d WY[fjÂŒ fW]Wh jeZe [b Z_d[he gk[ Z[X[ W bWi WhYWi f‘Xb_YWi" jWcX_ƒd \k[ YedZ[dWZe W kd W‹e Z[ b_X[hjWZ l_]_bWZW" i[# ]‘d fh[Y_iÂŒ bW <_iYWb‡W Z[ Dk[lW @[hi[o [d kd Yeckd_YWZe Z[ fh[diW$ ĹŠĹŠĹŠ
(#% Ŋ1#+ !(¢-Ŋ !.-Ŋ
.
ĹŠ
.2ĹŠ14,.1#2ĹŠ2 +(#1.-ĹŠ"#2/4_2ĹŠ"#ĹŠ04#ĹŠ ÄƒĹŠ+, 1 -ĹŠ! -"#-3#2ĹŠ#2!#- 2ĹŠ/ 1 ĹŠ#+ĹŠ 5~"#.ĹŠÄĽ ÄŚ,ĹŠ(-3.ĹŠ8.4ÄŚÄ“ ĹŠ
.+¢Ŋ"#+ĹŠ'.2/(3 + #2/4_2ĹŠ"#ĹŠ24$1(1ĹŠ4- ĹŠ / 1 3.2 ĹŠ! ~" ĹŠ"#2"#ĹŠ+ 2ĹŠ#2! +#1 2ĹŠ"#ĹŠ4-ĹŠ 5(¢-ĔŊ /.1ĹŠ+.ĹŠ!4 +ĹŠ345.ĹŠ04#ĹŠ2#1ĹŠ(-3#5#-(" ĹŠ04(1ĂŒ1%(! ,#-3#ĹŠ"#ĹŠ#,#1%#-!( ĔŊ+ ĹŠ ! -3 -3#ĹŠ -".-¢Ŋ#+ĹŠ'.2/(3 +ĹŠ ĹŠ .1".ĹŠ"#ĹŠ4-ĹŠ'#+(!¢/3#1.ēŊ #%ĂŒ-ĹŠ#+ĹŠ!(14) -.ĹŠ /+;23(!.ĹŠ ĂŒ+ĹŠ ¢/#9ĹŠ -$ -3#ĔŊ1#2/.-2 +#ĹŠ"#ĹŠ31 3 1ĹŠ ĹŠ+ ĹŠ 13(23 ĔŊ#23 ĹŠ345.ĹŠÄƒĹŠÄą 241 2ĹŠ"#-3 +#2ĔŊ'#1(" 2ĹŠ#-ĹŠ#+ĹŠ+ (.ĹŠ(-$#1(.1ĹŠ8ĹŠ$1 !341 ĹŠ"#ĹŠ, -"~ 4+ ēŊ
ĹŠ
2 ĹŠ9 / 3(++ 2ĹŠ1.2 2
C_[djhWi gk[ Z[X[ [ijWh c[# Z_jWdZe ZÂŒdZ[ o YÂŒce i[ ^Wh| kd dk[le jWjkW`[ [d ^edeh W ik ^_`W h[Y_ƒd dWY_ZW" [b [ifeie Z[ L_Yjeh_W ^W [ijh[dWZe kdWi pW# fWj_bbWi Yebeh XbWdYe Yed heiW" [d [b fWhj_Ze Wc_ijeie Z[ bei =WbWno YedjhW [b H[Wb CWZh_Z" Y[b[XhWZe [d Bei 7d][b[i$ Bei pWfWjei j_[d[d XehZWZei bei decXh[i Z[ iki YkWjhe ^_`ei" 8heeabod" Hec[e" 9hkp o >Whf[h$ ĹŠ
cWbW fWhW [b J[b[jÂŒd Z[ J[b[l_iW iWhed kdWi ^ehWi Z[b WdkdY_e o \k[ WXehZWZe feh J[b[l_iW ;i# Z[b Ă’ d Z[b cWjh_ced_e Z[ @[dd_# f[Yj|Ykbei" de fWhW fh[]kdjWhb[ \[h BÂŒf[p o CWhY 7dj^edo" o bWi feh BÂŒf[p" i_de feh ik fh[ikdje _dj[hƒi hec|dj_Ye" 8|hXWhW [if[YkbWY_ed[i ieXh[ gkƒ Ceh_$ \k[ be gk[ Z[jedÂŒ [ijW i[# ĹŠ Æ:[ [iWi YeiWi bW l[h# fWhWY_ÂŒd [cf[pWhed W bbe# ZWZ de fh[\_[he ^WXbWh" l[h Yece c[j[eh_jei$ fehgk[ oe l_d[ W WokZWh F[he bW j[eh‡W gk[ c|i #--($#1ĹŠ ¢/#9ĹŠ 3(#-#ĹŠÄˆÄˆĹŠ  .2ĹŠ Z[if[hjÂŒ bW Ykh_ei_ZWZ Z[ ,;2ĹŠ04#ĹŠ (++( ,ĹŠ Wb J[b[jÂŒdÇ" Z[YbWhÂŒ [d jede ceb[ije [b WYjeh$ bei bWj_dei [i gk[ M_bb_Wc #58Ä“ B[lo iWb_ÂŒ W h[bkY_h Yece fei_Xb[ cWdpWdW Z[ bW Z_i#
.2ĹŠ14,.1#2 YehZ_W [djh[ bei h[Y_ƒd i[fWhWZei$ :[ WYk[hZe W _d\ehcWY_ÂŒd Z[b JCP$Yec _dc[Z_WjWc[dj[ i[ fehjWb Z[ dej_Y_Wi Ăˆ;b CkdZeÉ" Yeckd_YÂŒ Yed [b h[fh[i[djWdj[ @Be feZh‡W [ijWh ieij[d_[dZe Z[b YkXWde" gk_[d Z[YbWhÂŒ0 ÆBW kd hecWdY[ Yed [b YkXWde bk[# ‘d_YW h[bWY_ÂŒd gk[ ^kXe e gk[ ]e Z[ ^WX[h ]hWXWZe `kdjei [b ^Wo [i kdW fhe\[i_edWb$ ;ie [i l_Z[eYb_f Z[ ik YWdY_ÂŒd Ăˆ?Éc _d jeZe be gk[ ^W ^WX_ZeÇ$ je oekÉ" [d ZedZ[ YecfWhj_[hed O [i gk[ bei hkceh[i iWb_[hed YWdZ[j[i [iY[dWi [d bWi fbWoWi Z[ifkƒi Z[ gk[ @$Be _dl_jWhW W Z[ bW H_l_[hW cWoW o [d bW pedW B[lo W i[h [b ceZ[be fWhW [b l‡# Whgk[ebÂŒ]_YW Z[ 9^_Y^ƒd ?jp|$ Z[e Æ?Éc _dje oekÇ" [b YkWb heZW# ÆC[ i[dj‡ cko W ]kije1 [bbW hed [d 9^_Y^[d ?jp|$ [i kdW f[hiedW i[dY_bbW" cko Z_# B[lo i[ [dYk[djhW [d =kWj[# l[hj_ZW$ BW l[hZWZ [i gk[ be fWiƒ
Ŋ Ŋ Ŋ š 7f[dWi fW#
ēŊ #58Ŋ8Ŋ
ĹŠ#-ĹŠ+ ĹŠ (5(#1 ĹŠ, 8 Ä“
i‘f[h X_[dÇ" cWd_\[ijÂŒ B[lo Z[ifkƒi Z[ ^WX[h fWhj_Y_fWZe [d [b l_Z[e cki_YWb Z[ bW YWdjWdj[ '' W‹ei cWoeh gk[ ƒb$ 7^ehW gk[ i[ ^W Yedl[hj_Ze [i kde Z[ bei ]WbWd[i c|i Yej_# pWZei Z[ bW j[b[l_i_ÂŒd" M_bb_Wc B[lo ^W YedĂ’ hcWZe gk[ Z[`W bWi j[b[del[bWi f[he iebWc[dj[ feh kd j_[cfe fk[i ^Wh| ik fh_c[hW _dYkhi_ÂŒd Yece WYjeh Z[ Y_d[$ ;b YkXWde de Z_e Z[jWbb[i ie# Xh[ [b Ă’ bc[ [d [b gk[ lW W fWhj_# Y_fWh f[he i[ hkcehW gk[ feZh‡W YebWXehWh Yed 8|hXWhW Ceh_$
#--8ĹŠ 1!~ ĹŠ 24/#1 ĹŠ + 2ĹŠÄĽ #- 2ÄŚ
Ä ÄŠĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
#+ĹŠ (#11.ĹŠ8ĹŠ 4-ĹŠ3#, ĹŠ(11# +
Ĺ—ĹŠ ĹŠĹŠ;b Whj_ijW ]kWoWgk_b[‹e Yedj_d‘W Yed ik jekh ĂˆI^em
ēŊ .-ĹŠ#23#ĹŠ#23(+.ĹŠ,42(! +ĹŠ/1#3#-"#ĹŠ ,/+( 1ĹŠ24ĹŠ/ĂŒ +(!.Ä“
ĹŠ!4 13 ĹŠ/1."4!!(¢-ĹŠ,42(! +ĹŠ"#ĹŠ+ ĹŠ ! -3 -3#ĹŠ#23;ĹŠ ĹŠ/4-3.ĹŠ"#ĹŠ2 +(1ĹŠ ĹŠ+ ĹŠ5#-Äą 3 ēŊļ +ĹŠ(-%1 3.ÄŚĹŠ#2ĹŠ3 -ĹŠ2.+.ĹŠ4-ĹŠ "#+ -3.Ä“ ;b jWb[dje dWjkhWb o kdW lep fe# Z[heiW ied bWi YWhWYj[h‡ij_YWi Z[ kdW Z[ bWi h[fh[i[djWdj[i c|i ieXh[iWb_[dj[i Z[ bW j[Yde# YkcX_W [d bW WYjkWb_ZWZ$ A[ddo =WhY‡W [i i_d bk]Wh W ZkZWi kdW X[bb[pW Yed jWb[dje" iki i[_i W‹ei [d bW c‘i_YW h[ifWbZWd kdW YW# hh[hW iÂŒb_ZW$ Bk[]e Z[b [n_jeie ĂˆF[dWiÉ" bW YWdjWdj[ jhW[ [b j[cW Ăˆ;b _d]hWjeÉ$ ÆJeZei [d Wb]‘d cec[dje Z[
bW l_ZW ^[cei i_Ze _d]hWjei$ De i[ jhWjW iebe Z[ bWi i_jkWY_ed[i Z[ fWh[`W" i_de gk[ i[ [nj_[dZ[ ^Wi# jW bW \Wc_b_WÇ" Z_`e A[ddo" gk_[d Yk[djW gk[ [b j[cW [i kd fWi[‡je Yecfk[ije feh [b ]kWoWgk_b[‹e 9Whbei HkX_hW$ Ăˆ;b _d]hWjeÉ jWc# X_ƒd fei[[ kd l_Z[e gk[ \k[ ]hW# XWZe Wb dehj[ Z[ bW Y_kZWZ [d [b 9Wi_de Z[ bW <7;$ ;ijW Whj_ijW [ij| c[j_ZW Z[ YW# X[pW [d ik jhWXW`e" oW gk[ Wd^[bW
gk[ [b Z_iYe Yecfb[je iWb]W W bW l[djW fWhW Ă’ dWb[i Z[ W‹e$ 7i_# c_ice" ^WXbÂŒ ieXh[ iki _d_Y_ei ZedZ[ bW c‘i_YW hec|dj_YW o [b fWi[‡je YefWXWd ik h[f[hjeh_e$
gk[ dkdYW f[hZ[h‡W bW efehjk# d_ZWZ Z[ f[h\[YY_edWh ik jWb[dje dWjkhWb$ Eh_kdZW Z[ IWdje :ec_d]e Z[ bei Ji|Y^_bWi" l_l[ [d Gk_je Z[iZ[ ^WY[ eY^e W‹ei" ÆfWhW [i# jWh c|i Y[hYW Z[ bW _dZki# -(!(.2 ĹŠ jh_W cki_YWbÇ$ Æ<k[ CWhY[be 7]k_hh[ 7f[dWi ^WY[ kd c[i gk_[d c[ Z[iYkXh_ÂŒ Yece o c[Z_e i[ [ijh[dÂŒ Ăˆ;b Whj_ijW$ xb c[ Wd_cÂŒ W jhW# +ĹŠ3#, ĹŠÄĽ +ĹŠ(-%1 Äą 3.ÄŚĹŠ#23;ĹŠ24 (".ĹŠ XW`Wh c_ lep o c[ _dijhk# #-ĹŠ .434 #ĹŠ/ 1 ĹŠ _d]hWjeÉ o bei i[]k_Zeh[i #+ĹŠ"#+#(3#ĹŠ"#ĹŠ+.2ĹŠ Z[ A[ddo oW be Yeh[Wd [d oÂŒ$ Bei fh_c[hei j[cWi $ -;3(!.2Ä“ bei YedY_[hjei$ 7 fkdjW gk[ _dj[hfh[jƒ \k[hed Z[ Z[ jWb[dje o [i\k[hpe [ijW C_h_Wc >[hd|dZ[p o CW# YWdjWdj[ i[ ^W ]WdWZe kd bk]Wh h_Y[bWÇ" Z_`e$ Be Z[ bW j[YdeYkcX_W l_[d[ [d bW I_[hhW o [d bW 7cWped_W" fWhW Wcfb_Wh c_ f‘Xb_Ye" ĂˆdkdYW [d bW c_hW [ij| bW 9eijW o feh gkƒ feh ceZWÉ" WZl_[hj[" fk[i Z_`e de" jeZe [b fW‡i$
ĹŠ 1(#+ ĹŠ+ ĹŠ 1#2/ +" ĹŠ24ĹŠ24#%1. ēŊ 1;ĹŠ4- ĹŠ/#04# Ŋ%(1 ĹŠ !ĂŒ23(! ĹŠ/1#5( ĹŠ +ĹŠ+ -9 ,(#-3.ĹŠ"#ĹŠ24ĹŠ/1¢7(,.ĹŠ , 3#1( +ĹŠ"(2!.%1;ÄƒĹŠ!.Ä“
.2ĹŠ #1!#1ĹŠ 4-".ĹŠ 2#ĹŠ"#2#-!'4$ -ĹŠ
Bei J[hY[h CkdZe l_W`Wh|d YedjÂŒ <[b_f[" leYWb_ijW o ]k_jW# W BWjWYkd]W fWhW e\h[Y[h kd hh_ijW Z[ J[hY[h CkdZe$ L[hi_ed[i WY‘ij_YWi Z[ YWd# YedY_[hje Z[i[dY^k\WZe [ij[ l_[hd[i" [d [b 7Xk[be 9W\ƒ 8Wh" Y_ed[i Yece Ăˆ:kƒhc[j[ `kdje W Z[iZ[ bWi ('0&&$ ;d [ijW eYWi_ÂŒd c‡É" ĂˆI_ Z_`[hWiÉ" ĂˆJWh`[j_jWiÉ" ĂˆJ[ [b ]hkfe ^WY[ Z[ Yeeh]Wd_pWZeh WcWhÂƒĂ‰" [djh[ ejhWi" fei[[d dk[# Z[b fh_c[he Z[ kdW i[h_[ Z[ Yed# le Xh_bbe Yed [ij[ \ehcWje" Wi[# Y_[hjei WY‘ij_Yei gk[ ZWh|d feh ]khÂŒ <[b_f[" gk_[d i[ [dYk[djhW lWh_Wi Y_kZWZ[i$ ;ij[ [i [b WXh[# `kdje W iki ^[hcWdei [d fb[dW XeYW Z[b Z_iYe [d [b gk[ [ij|d [jWfW Z[ Yecfei_Y_ÂŒd Z[ bWi jhWXW`WdZe o gk[ [if[hWd gk[ YWdY_ed[i gk[ \ehcWh|d fWhj[ iWb]W W _d_Y_ei Z[b fhÂŒn_ce W‹e$ Z[ ik dk[le cWj[h_Wb Z_iYe]h|# ÆBW _Z[W [i bb[lWh dk[ijhW Ă’ Ye gk[ iWbZh| W bW bkp W _d_Y_ei Z[ (&'($ c‘i_YW [d l_le W bk]Wh[i Bei ‹W‹ei @|Yec[ ^Wd Ă„gk[ feh \WbjW Z[ [ifWY_e ĹŠ fhec[j_Ze _dj[hfh[jWh o d‘c[heiĂ„ de ^WoWd kd fWh Z[ j[cWi dk[lei feZ_Ze Z_i\hkjWhbW$ 7Z[# o gk[ZWhi[ [d bW \_[ijW c|i" [b \ehcWje WY‘ij_Ye ĹŠ%(1 ĹŠ"#2#-Äą !'4$ " ĹŠ"#ĹŠ+ ĹŠ f[hc_j[ kdW [nf[h_[dY_W -" ĹŠ!.-3(-4 Äą Z[ifkƒi Z[b WY‘ij_Ye$ 7i‡ c|i Y[hYWdW Yed bei \Wdi" 1;ĹŠ#+ĹŠ,#2ĹŠ"#ĹŠ %.23.ĹŠ#-ĹŠ 4(3.ĔŊ gk[ Z[ fWie bei i[]k_Ze# gk[ [i be gk[ gk_[h[ feh .) ĹŠ8ĹŠ 4#-! Ä“ h[i feZh|d YecfWhj_h Yed [bbei c|i Wbb| Z[b Ăˆi^emÉ$ [b cec[dje [b ]hkfeÇ"
Ä Ä
ĹŠ š ;b [nfh[i_Z[dj[ 7X# ZWb| 8kYWhWc" [n_b_WZe [d FWdW# c|" i[ ^W fhedkdY_WZe W jhWlƒi Z[ ik Yk[djW Z[ Jm_jj[h W \Wleh Z[ ik dk[hW =WXh_[bW FWpc_‹e" h[if[Yje W bWi _dj[dY_ed[i Z[b =eX_[hde Z[ i[fWhWhbW Z[ J9 J[# b[l_i_ÂŒd$ Æ;d kd WYje Z[ Z_iYh_c_dW# Y_ÂŒd feb‡j_YW fei_Xb[c[dj[ iWYW# h|d Z[b YWdWb W c_ dk[hW$ C[ ZW f[dW bW YeXWhZ‡WÇ" Yec[djÂŒ$ BW fh[i[djWZehW Z[ ĂˆBW ]k[# hhW Z[ bei i[neiÉ" feh [b cec[dje h[if_hW jhWdgk_bW Yed bWi ck[i# jhWi Z[ Wfeoe gk[ ^W h[Y_X_Ze
Wkdgk[ bei Z_h[Yj_lei Z[b YWdWb Z[Y_Z_[hed gk[ Yedj_d‘[ Yed iki bWXeh[i [d bWi fheZkYY_ed[i Z[ bW j[b[l_iehW" i_d [cXWh]e" jhWiY[d# Z_ÂŒ gk[ ik f[hcWd[dY_W [ijWh‡W YedZ_Y_edWZW$ BW YedZkYjehW Z[b jWcX_ƒd fhe]hWcW YedYkhie ĂˆC[]W CW# jY^É" de feZh| ^WY[h Yec[djW# h_ei feb‡j_Yei \h[dj[ W Y|cWhWi d_ ckY^e c[dei c[pYbWh iki \kd# Y_ed[i jWdje Yece WiWcXb[‡ijW Yece YedZkYjehW Z[ j[b[l_i_ÂŒd$ Æ@Wc|i be ^[ ^[Y^e" :_ei [i Xk[# de o [iYkY^ÂŒ bWi fb[]Wh_Wi Z[ c_i i[]k_Zeh[iÇ" Wi[l[hÂŒ FWpc_‹e$
]h[[dÉ Yed bW del[ZWZ Z[ kd dk[le j[cW j_jkbWZe Ăˆ?hh[WbÉ" [b YkWb \ehcW fWhj[ Z[ ik fhe# ZkYY_ÂŒd Ăˆ9ebeh" iWXeh i_ij[cWÉ$ ;b >ej[b >_bjed Z[ bW YWf_jWb h[Y_X_h| [ij[ l_[hd[i Wb YWd# jWdj[" gk_[d cWdj[dZh| kd [dYk[djhe Yed bW fh[diW o bWi \Wd|j_YWi gk_j[‹Wi$ Bk[]e Z[ [ije" @eh][ Bk_i j_[d[ fh[l_ije l_i_jWh bWi fhel_dY_Wi Z[ Bei H‡ei o CWdWX‡$
4#+5#ĹŠÄĽ 4(#-ĹŠ #ĹŠ #ÄŚ
Ĺ—ĹŠ ĹŠĹŠIWdj_W]e 9Whf_e o F_[h_dW Kh_X[ i[h|d bei fh[i[djWZeh[i Z[ bW dk[lW l[hi_ÂŒd Z[ kd fhe# ]hWcW YedYkhie gk[ i[ Yed# l_hj_ÂŒ [d jeZe kd Yb|i_Ye Z[ bW j[b[l_i_ÂŒd [YkWjeh_WdW$ ĂˆGk_[d IWX[ IWX[É" gk[ W^ehW [i ĂˆGII ($&É" fhÂŒn_cWc[dj[ [ijWh| [d bW fWdjWbbW Z[ J9 J[b[l_i_ÂŒd Yed [b be]e Z[ ĂˆBW XWjWbbW Z[ c[dj[i [njh[cWiÉ$ ;ij[ dk[le i^em cWdj[dZh| bW _Z[W eh_]_# dWb Z[ gk[ Ăˆ[b YedeY_c_[dje [i [b fhejW]ed_ijWÉ$
(1#++8ĹŠ#231#- ĹŠ! 2
Ĺ—ĹŠ ĹŠĹŠ ĹŠÄ› ;d kdW [nYbk# i_lW pedW h[i_Z[dY_Wb" C_h[bbo
ēŊ 1 2Ŋ#+Ŋ1#54#+.Ŋ"#Ŋ4- Ŋ"#-4-!( Ŋ2. 1#Ŋ4-Ŋļ#+#5 "~2(,.Ŋ24#+".ČŊ04#Ŋ /#1!( ~ Ŋ+ Ŋ/1#2#-3 ".1 ĔŊ345.Ŋ#+Ŋ /.8.Ŋ"#Ŋ242Ŋ2#%4(".1#2ēŊ
8WhpebW WZgk_h_ÂŒ ik l_l_[d# ZW o feh [bbe oW Yk[djW Yed YWiW fhef_W [d [ijW Y_kZWZ$ 7kdgk[ [bbW ^W ]h_jWZe W bei YkWjhe l_[djei gk[ de b[ ]ki# jWh‡W hWZ_YWhi[ [d =kWoWgk_b" bW ceZ[be o fh[i[djWZehW Z[ j[b[l_i_ÂŒd oW de j[dZh| gk[ Wb# gk_bWh d_ ckY^e c[dei f[Z_h ĂˆfeiWZWÉ W iki Wc_ijWZ[i$ 9ed [ijW WZgk_i_Y_ÂŒd" bW fh[i[djW# ZehW Z[ ĂˆBW Fb[dWÉ oW de j[d# Zh| gk[ l_W`Wh W Z_Wh_e ^WY_W DeXeb" Z[ ZedZ[ [i eh_kdZW o ZedZ[ l_l[d iki fWZh[i$
Ĺ? Ĺ?
Ĺ? Ĺ? Ĺ? Ĺ? Ĺ? Ĺ?
Ä Ä‚
Ĺ? Ä ÄŠĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ĺ?
Ĺ? +. ÄŒĹ?
1 !3#1~23(! 2
(/.2Ŋ"#Ŋ1#+ !(.-#2Ŋ3.1,#-3.2 2 Ŋ 1 -.("#ĖŊ#2Ŋ 04#+Ŋ ,.1Ŋ#-$#1,(9.Ŋ04#Ŋ ŗ3.".Ŋ#+Ŋ3(#,/.Ŋ#23;Ŋ!#+ -".Ŋ +Ŋ.31.ēŊ Ŋ %.~23 ĖŊ Ŋ/#12.- Ŋ2(#,/1#Ŋ/(#-2 Ŋ#-Ŋ2~Ŋ ŗ,(2, Ŋ8Ŋ2#Ŋ.+5(" Ŋ"#Ŋ+ Ŋ.31 ē Ŋ -"($#1#-3#ĖŊ #Ŋ31 3 Ŋ"#Ŋ+ 2Ŋ/ 1#) 2Ŋ04#Ŋ ŗ-4-! Ŋ2#Ŋ3.! -ĔŊ-(Ŋ2#Ŋ"#,4#231 -Ŋ! 1( .ē Ŋ ¢3(!.ĖŊ .-Ŋ(,/1#"#!( +#2Ŋ/.104#Ŋ ŗ/4#"#-Ŋ#23 1Ŋ (#-Ŋ.Ŋ, +Ŋ3.".Ŋ#+Ŋ3(#,/.ē
,.1#2ĹŠ04#ĹŠ, 3 2ĹŠ1#+ !(.-#2ĹŠ2(#,/1#ĹŠ!.,(#-9 -ĹŠ"#ĹŠ $.1, ĹŠ/.2(3(5 ĔŊ/#1.ĹŠ!.-ĹŠ#+ĹŠ/ 2.ĹŠ"#+ĹŠ 3(#,/.ĹŠ/4#"#-ĹŠ! , ( 1Ä“ JeZWi bWi Wc_]Wi Z[ ĂˆH[dWjW =ed# p|b[pÉ decXh[ fhej[]_Ze i[ ZW# XWd Yk[djW Z[b ZW‹e gk[ ik h[bW# Y_ÂŒd i[dj_c[djWb [ijWXW YWkiWdZe [d ik l_ZW$ ;i gk[ bWi b|]h_cWi o [b ik\h_c_[dje i[ ^WX‡Wd WfeZ[# hWZe Z[ bW `el[d [njhel[hj_ZW o bW
^WX‡Wd YWcX_WZe [d ]hWd cWd[# hW$ F[he" W f[iWh Z[ bWi fWbWXhWi Z[ iki YedĂ’Z[dj[i" [bbW de gk[h‡W ^WY[h YWie$ Æ;i gk[ be Wce ckY^e o iƒ gk[ ƒb de [i f[h\[Yje" f[he c[ gk_[h[Ç" h[f[j‡W [bbW fWhW Z[\[dZ[hi[ Z[ bW
ēŊ 1 Ŋ"#2!4 1(1Ŋ2(Ŋ3(#-#Ŋ4- Ŋ1#+ !(¢-Ŋ-#% 3(5 ĔŊ"# #Ŋ#5 +4 1+ Ŋ 2(-Ŋ,#-3(12#Ŋ423#"Ŋ,(2,.ēŊ
*2%,(512 $87Ă?1202 '(6&(175$/,=$'2 '(/ &$17Ă?1 3$/7$6
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
:
2 "-"' #$ )3*(- #$*
WlWbWdY^W Z[ Yec[djWh_ei gk[ (#,/.ĹŠ"#ĹŠ 1(1ĹŠ+.2ĹŠ.).2 b[ YW‡Wd [dY_cW$ <_dWbc[dj[" ÆBe c|i Z_\‡Y_b [i WY[fjWh [b jhWi lWh_ei c[i[i Z[ Yedj_dkei fheXb[cW$ Feh be ][d[hWb jeZe cWbei [dj[dZ_Zei" f[b[Wi o [b ckdZe i[ ZW Yk[djW Z[ [ije" bbWdjei" H[dWjW Z[Y_Z_ÂŒ fed[hb[ f[he kde c_ice de be l[Ç" Ye# fkdje Ă’dWb W ik h[bWY_ÂŒd$ c[djW =WhYƒi" gk_[d [nfb_YW Ik Wc_]W" ĂˆI_bl_W F[i|dj[pÉ gk[ bei _dlebkYhWZei ckY^Wi decXh[ fhej[]_Ze " l_l[ kdW l[Y[i bb[]Wd W \ehckbWh Y_[djei i_jkWY_ÂŒd fWh[Y_ZW" f[he" Wkd# Z[ [nYkiWi W ceZe Z[ Z[\[diW" gk[ [bbW [ij| YediY_[dj[ Z[b bWi YkWb[i WokZWd W Yedl[dY[h ZW‹e gk[ ik del_e b[ YWkiW" Z[# W bei Z[c|i Z[ gk[ dWZW fWiW o gk[ b[i f[hc_j[d WkjeYedl[d# Y_Z_ÂŒ i[]k_h ik Wceh‡e$ FWhW Beh[dW =WhYƒi" fi_# Y[hi[ W [bbei jWcX_ƒd$ De eXijWdj[" Ækde de i[ YÂŒbe]W [nf[hjW [d Wi[ieh‡W o j[hWf_W \Wc_b_Wh" [ijWi fk[Z[ c[dj_h W kde c_ice" oW gk[ YWZW ied i_jkWY_ed[i cko Ye# ĹŠ gk_[d i[ YedeY[ o iWX[ ckd[i o YedĂ’[iW gk[ bWi be gk[ [ij| l_l_[dZeÇ" f[hiedWi ied jWd fhe# 1#2ĹŠ8ĹŠ Yb_l[i W [ije gk[ _dYbkie ., ,4)#1#2ĹŠ/4#"#-ĹŠ Wi[]khW bW [nf[hjW$ FWhW feZ[h l[h bW [bbW" kdW j[hWf[kjW gk[ 1#24+3 1ĹŠ(-5.+4Äą h[Wb_ZWZ Z[ \ehcW Yedi# YedijWdj[c[dj[ ^WXbW !1 ".2ĹŠ#-ĹŠ1#+ Äą !(.-#2ĹŠ04#ĹŠ+#2ĹŠ Z[b j[cW" jWcX_ƒd jkle ' !#-ĹŠ"  .Ä“ Y_[dj[" i[ d[Y[i_jW ck# gk[ Wfh[dZ[h W ^WY[hb[ Y^W ^ed[ij_ZWZ fhef_W o \h[dj[ W kdW h[bWY_ÂŒd gk[ ^WY[h Yece kdW [if[Y_[ de b[ ^WY‡W X_[d$ Z[ b_ijW" [d bW gk[ i[ [lWb‘W i_ i[ [ij|d Ykcfb_[dZe fWh|c[# #ĹŠ-#!#2(3 ĹŠ#04(+( 1(.ĹŠ jhei X|i_Yei o i_ bW h[bWY_ÂŒd [ij| 7b ^WXbWh Z[ Wceh o h[bWY_ed[i WfehjWdZe YeiWi fei_j_lWi W bei i[dj_c[djWb[i" de i_[cfh[ jeZe _dlebkYhWZei$ [i Yebeh Z[ heiW$ ;d h[Wb_ZWZ" bWi Z_iYki_ed[i o bei cWbei [dj[d# .,#ĹŠ"#!(2(.-#2 Z_Zei [ij|d W bW ehZ[d Z[b Z‡W o JhWi h[Wb_pWh [b Z_W]dÂŒij_Ye i_hl[d fWhW \ehjWb[Y[h o ZWhb[ kd i[ fk[Z[ Z[iYkXh_h gkƒ jWdje X_[d [ij| ^WY_[dZe bW h[bWY_ÂŒd e feYe Z[ iWXeh W bW fWh[`W$ 7Z[c|i" ^Wo Y_[hjWi Y_hYkdi# i_" feh [b YedjhWh_e" [ij| fhele# jWdY_Wi gk[ iWbjWd Yed [b fWie YWdZe ZW‹ei$ I_ h[ikbjW gk[ bW Z[b j_[cfe o Yed kdW cWoeh [lWbkWY_ÂŒd iWb[ d[]Wj_lW" YWZW Yedl_l[dY_W" ckY^Wi Z[ bWi YkW# f[hiedW j_[d[ bW efehjkd_ZWZ b[i fk[Z[d ikf[hWhi[ e bb[]Wh W Z[ [iYe][h gkƒ fWie ZWh|$ ;i Z[Y_h" i_ i[]k_h| Yed bW h[bWY_ÂŒd Z[`Wh Z[ i[h kd fheXb[cW$ I_d [cXWh]e" YkWdZe [ijWi e i_ bW j[hc_dWh|$ i_jkWY_ed[i i[ h[f_j[d YedijWd# ÆF[he [ie [i Wb]e gk[ b[ Yehh[i# j[c[dj[ o [cf_[pWd W Wbj[hWh fedZ[ W YWZW kde o gk[ dWZ_[ W bW f[hiedW" [djedY[i i[ Yed# fk[Z[ eXb_]Wh W ejhe W ^WY[hÇ" i[‹WbW =WhYƒi$ l_[hj[d [d ]hWl[i$ J[d]W [d Yk[djW gk[ be [i[dY_Wb [i gk[ kij[Z c_ice #+ !(.-#2ĹŠ3¢7(! 2 =WhYƒi Z[\_d[ W [ij[ j_fe Z[ [ijƒ Yedl[dY_Ze Z[ gk[ [ij| kd_ed[i Yece Wgk[bbWi gk[ ^WY_[dZe bWi YeiWi fehgk[ Wi‡ jhWi kdW [lWbkWY_ÂŒd WbYWdpWd be Z[i[W$ kd XWbWdY[ d[]Wj_le$$$ Ækd iWb# Ze [d he`eÇ$ 41.ĹŠ/1.!#2. I[ fk[Z[d Z[iYkXh_h feh# KdW l[p gk[ ^WoW jecWZe bW gk[ oW de b[ [ij|d ^WY_[dZe Z[Y_i_ÂŒd" fk[Z[ gk[ i[ [d\h[d# X_[d W kde e W d_d]kde Z[ bei j[ W Y^WdjW`[i feh fWhj[ Z[ bW _dlebkYhWZei$ ejhW f[hiedW e gk[ i[ [cf_[Y[ Feh be ][d[hWb" [ij[ j_fe Z[ W i[dj_h cWb" feh be gk[ fk[Z[ h[bWY_ed[i YWkiW ckY^e ZW‹e" bb[]Wh W f[diWh gk[ Yec[j_ÂŒ cWjW bWi _bki_ed[i" _d\bko[d kdW [gk_leYWY_ÂŒd$ F[he" i[]‘d Z[ \ehcW d[]Wj_lW [d [b Wkje# =WhYƒi" [ije i[ Z[X[ W gk[ jeZWi YedY[fje Z[ bei Zei o [i fe# bWi f[hiedWi j_[d[d bW d[Y[i_# i_Xb[ gk[ ^WijW Yecfb_gk[d bW ZWZ Z[ i[dj_hi[ WcWZei" lWbe# iWbkZ$ hWZei o jecWZei [d Yk[djW$
Ä ÄŠĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
Ä Äƒ
5(3#ĹŠ+.2ĹŠ".+.1#2ĹŠ "#ĹŠ#2/ +" Feh be Yec‘d" bWi ceb[ij_Wi Z[ [ifWbZW ied cko ZebeheiWi [ _d# YÂŒceZWi" fk[i bW cel_b_ZWZ h[# ikbjW XWijWdj[ Yecfb_YWZW$ Feh [ie" [i c[`eh Wfh[dZ[h W fh[l[# d_hbei" [d bk]Wh Z[ j[d[h gk[ bW# c[djWhbei$ #1.ĹŠ#231_2
#"49! ĹŠ ĹŠ24ĹŠ/ 1#) ĹŠ !.-ĹŠ4-ĹŠ231(/3# 2#ĹŠ
.2ĹŠ,.5(,(#-3.2ĹŠÄĽ 31#5(".2ÄŚĹŠ/4#"#-ĹŠ' !#1ĹŠ 04#ĹŠ24ĹŠÄĽ,#"( ĹŠĹŠ- 1 -) ÄŚĹŠ-.ĹŠ2#ĹŠ/4#" ĹŠ1#2(2Äą 3(1ĹŠ -3#ĹŠ423#"Ä“ [i be fh_dY_fWb" o i_ kij[Z FWhW Wb[`Wh bW hkj_dW o i[ i_[dj[ YÂŒceZW be]hW# ZWhb[ kdW W]hWZWXb[ ieh# h| cko Xk[dei h[ikb# fh[iW Wb i[h WcWZe" kdW ĹŠ jWZei" i_d _cfehjWh bei cko Xk[dW efY_ÂŒd [i kd XW_b[ cko i[no gk[ i_hl[ ĹŠ,ĂŒ2(! ĹŠ.ĹŠ! -Äą f[gk[‹ei Z[if[h\[Yjei Z[ ik Yk[hfe i_ [i gk[ Yece fh[|cXkbe f[h# !(¢-ĹŠ04#ĹŠ#2!.) ĹŠ / 1 ĹŠ#+ĹŠ,.,#-3.ĹŠ bei j_[d[ $ \[Yje fWhW kdW deY^[ Z[ "#+ĹŠ (+#ĹŠ"# #ĹŠ 2#1ĹŠ,48ĹŠ2#-24 +ĔŊ fWi_ÂŒd$ -4-! ĹŠ,#1#-Äą BkY[i j[dk[i" c‘i_# %4#ĔŊ2 +2 ĹŠ.ĹŠ +%4- 2ĹŠ!+ 5#2 YW" hefW _Z[Wb" kd feYe 1#%% #ēŊ 7dj[i Z[ _d_Y_Wh bW i[# Z[ f[h\kc[ o kdW Zei_i i_ÂŒd" Z[X[ fh[fWhWh Wb# Z[ Xk[dW WYj_jkZ ied bei ĹŠ ]kdei fkdjei gk[ ied _d]h[Z_[dj[i d[Y[iWh_ei _dZ_if[diWXb[i$ fWhW lebl[h beYe W ik fW# 9ec_[dY[ feh fh[fW# h[`W Wb h_jce Z[ i[dikW# 4-04#ĹŠ#+ĹŠ$(-ĹŠ"#+ĹŠ hWh jeZei bei Z[jWbb[i" Wi‡ 231(/3# 2#ĹŠ#2ĹŠ "#25#23(12#ĔŊ b[i cel_c_[djei$ fWh[pYWd _di_]d_\_YWd# #ĹŠ3#1Äą I_d [cXWh]e" [n_ij[ -4-! ĹŠ"# ,(- 1ĹŠ3.3 +,#-Äą j[i" fk[i fk[Z[d bb[]Wh W kd Z[jWbb[ gk[ Z[X[ i[h 3#ĹŠ"#2-4" ēŊ i[h Z[j[hc_dWdj[i$ 7i‡" h[ik[bje _dYbkie Wdj[i Z[f‡b[i[ feh Yecfb[je" Z[ Wfh[dZ[h W ^WY[h kd YebÂŒgk[i[ kd feYe Z[ ijh_fj[Wi[ [n_jeie$$$ i[ jhWjW Z[ f[h\kc[ o Wfb_gk[ Wb]e Z[ WY[_# bW YedĂ’ WdpW [d i‡ c_ice$ j[ YehfehWb fWhW WZgk_h_h kd Wif[Yje Xh_bbWdj[$ BW b[dY[h‡W [i kd \WYjeh \kd# (_-3 2#ĹŠ 31 !3(5 Feh be ][d[hWb" bWi ck`[h[i ik[# ZWc[djWb" fk[i h[Ă“ [`W ik f[h# b[d i[h bWi gk[ h[Wb_pWd bW i[d# iedWb_ZWZ$ 9kWdZe Yecfh[ kdW ikWb [iY[dW fWhW iki fWh[`Wi$ fh[dZW Z[ [ijWi" h[Yk[hZ[ de F[he" [n_ij[d YWiei [d bei gk[" iebe f[diWh [d ik ]kije o ik Ye# i_d _cfehjWh bW [ZWZ e [b j_[c# ceZ_ZWZ" i_de jWcX_ƒd [d be gk[ fe jhWdiYkhh_Ze `kdje W bW Ăˆc[# W ik fWh[`W b[ feZh‡W W]hWZWh$ J[d]W [d Yk[djW gk[ bei b_# Z_W dWhWd`WÉ" bW l[h]”[dpW e bW _diWj_i\WYY_ÂŒd Yed Wb]kdW fWhj[ ]k[hei o bei [dYW`[i ik[b[d leb# Z[b Yk[hfe ^WY[d gk[ iWbj[d bWi l[h beYe W c|i Z[ kd ^ecXh[$ ZkZWi ieXh[ gkƒ jWd WjhWYj_lW [i [bbW fWhW ik WcWZe$ -2 8.2 ;b fheXb[cW [i gk[ i_" feh DkdYW h[Wb_Y[ kd ijh_fj[Wi[ i_d [`[cfbe" [ij| f[diWdZe [d [b ^WX[h fhWYj_YWZe Wdj[i" fk[i jWcW‹e Z[ iki i[dei" [d gk[ b[ i[ l[h| \ehpWZW o de be]hWh| [b WfWh[Y_ÂŒ Y[bkb_j_i e [d gk[ iki [\[Yje Z[i[WZe$ YWZ[hWi ied cko WdY^Wi de BW YbWl[ Z[b ƒn_je [d [ij[ i[ YedY[djhWh| [d be gk[ [ij| |cX_je hWZ_YW [d Wfh[dZ[hi[ ^WY_[dZe i_ Z[Y_Z[ bWdpWhi[ bW YWdY_ÂŒd [iYe]_ZW Z[ c[ce# Wb hk[Ze o jWcfeYe Z_i\hkjWh| h_W" iWX[h Yk|dZe YWcX_W [b Z[b cec[dje$ h_jce Z[ bW c‘i_YW fWhW gk[ H[Yk[hZ[ gk[ [b Wceh o bWi kij[Z jWcX_ƒd be ^W]W o feZ[h ]WdWi Z[ fWiWh kd Xk[d ce# \ehcWh kdW Yeh[e]hW\‡W gk[ i[ c[dje `kdje W ik [dWcehWZe WZ[Y‘[ Wb [ifWY_e Yed [b gk[
Yk[djW" Yece W bW Ă“ [n_X_b_ZWZ$ 4 -".ĹŠ++#% ĹŠ#+ĹŠ,.,#-3. 7 bW ^ehW Z[ _d_Y_Wh [b XW_b[" Z[X[ h[YehZWh gk[ de i[ lWb[ jeYWh W bW ejhW f[hiedW" fk[i Z[ [ijW \ehcW WYWXW Yed bW cW]_W Z[b cec[d# je$ De ebl_Z[ gk[ [b XW_b[ [i iebe kdW fheleYWY_ÂŒd" kdW \ehcW Z[ WcX_[djWh bW i_jkWY_ÂŒd fWhW Z[i# fkƒi Z_i\hkjWh$ ;d YWie Z[ gk[ f_[hZW bW Yed# Y[djhWY_ÂŒd e b[ Zƒ l[h]”[dpW" de [cf_[Y[ W h[‡hi[ d_ i[ h[j_h[$ Be c[`eh fWhW gk[ ik c[dj[ lk[blW o h[Ykf[h[ bW YedĂ’ WdpW [i c_# hWdZe W ik fWh[`W Z_h[YjWc[dj[ W bei e`ei$ BW \ehcW Wfhef_WZW Z[ gk_# jWhi[ [b ieijƒd [i XW`WdZe kdW Z[ bWi j_hWi ^WijW bW WbjkhW Z[b ^ec# Xhe o bk[]e ^WY[h be c_ice Yed bW ejhW$ 7kdgk[ fWh[pYW gk[ de j_[d[ i[dj_Ze" lk[blW W ikX_h kde Z[ bei j_hWdj[i o Z[`[ [b ejhe WXW# `e$ I_]W XW_bWdZe o `k[]k[ Yed bWi j_hWi Z[b XhWii_[h$ JhWi kdei _dijWdj[i" Zƒ bW lk[bjW" ceijh|dZeb[ bW [ifWbZW W ik WcWZe o Yedj_d‘[ bW ZWdpW Yed i[dikWb[i o ikWl[i cel_# c_[djei Z[ YWZ[hW" lebj[[ bW YW# X[pW o c‡h[be Ă’ `Wc[dj[$ :[iWXheY^[ [b ieijƒd o lk[b# lW W ]_hWh" f[he de Z[`[ gk[ ik Ăˆc[Z_W dWhWd`WÉ l[W iki i[dei Z[ \ehcW _dc[Z_WjW" c|i X_[d" Y‘XhWbei Yed bWi cWdei o f[h# c‡jWb[ gk[ bei eXi[hl[ Z[ W feYe" c_[djhWi h[Wb_pW kd f[gk[‹e Ăˆ`k# ]k[j[eÉ$
BWi fh[eYkfWY_ed[i o bei d[hl_ei i[ cWd_Ă’ [ijWd Yed i‡djecWi \‡i_# Yei gk[ _dYbko[d [ijh[‹_c_[dje" fh[i_ÂŒd WbjW" _diecd_e" Zebeh Z[ YWX[pW o Z[ [ifWbZW$ ;i Xk[de h[bW`Whi[ Yed jƒYd_# YWi Yece _cW]_dWY_ÂŒd ]k_WZW" c[Z_jWY_ÂŒd" h[if_hWY_ÂŒd fhe\kd# ZW e cWiW`[i f[h_ÂŒZ_Yei$ I_ i[ i_[dj[ cko [ijh[iWZe" de ZkZ[ [d XkiYWh Wfeoe [ce# Y_edWb" [b YkWb fk[Z[ l[d_h feh fWhj[ Z[ kd Wc_]e Z[ YedĂ’ WdpW e Z[ kd fhe\[i_edWb$ :[iW^e]Whi[ o h[Y_X_h Yedi[`ei b[ WokZWh| W j[d[h kdW f[hif[Yj_lW YbWhW Z[ bW i_jkWY_ÂŒd o feZ[h jecWh Z[Y_i_e# d[i Wb h[if[Yje$ JhWj[ Z[ Z_l_Z_h bWi ]hWd# Z[i jWh[Wi o bk[]e YedY[djh[ ik Wj[dY_ÂŒd [d Yecfb[jWhbWi kdW feh kdW$
;i h[Yec[dZWXb[ fhe]hWcWh Yedjheb[i cƒZ_Yei YWZW Y_[hje j_[cfe$ BW f[h_eZ_Y_ZWZ Z[f[dZ[ Z[ bW [ZWZ [d bW gk[ YWZW kde i[ [dYk[djh[$ 7i‡" [djh[ bei (& o )& W‹ei [i h[Yec[dZWXb[ Zei l[Y[i" jh[i [djh[ bei )& o *&" YkWjhe l[# Y[i [djh[ bei *& o +&" o i[_i l[Y[i [djh[ bei +& o ,& W‹ei$ I_ Ykcfb[ Yed [ij[ YWb[dZWh_e" [i c|i \|Y_b gk[ bei ZeYjeh[i Z[# j[Yj[d Wb]kdei fei_Xb[i \WYjeh[i Z[jedWdj[i Z[b Zebeh Z[ [ifWbZW o b[ Z_]Wd YÂŒce fh[l[d_h ceb[i# j_Wi$ 4#1, ĹŠ (#-
I_ Z[iYWdiW [b d‘c[he WZ[YkWZe Z[ ^ehWi" [b Zebeh de i[h| kdW YedijWdj[ [d ik l_ZW$ ;ije gk_[h[ Z[Y_h gk[ Z[X[ Zehc_h [b d‘c[he Z[ ^ehWi gk[ ik Yk[hfe d[Y[i_jW c‡d_ce Y_d# Ye o de bWi gk[ kij[Z Yh[[ gk[ [ij| X_[d$ I_ [i d[Y[iWh_e" jec[ i_[ijWi Z[ (& e )& c_dkjei ZkhWdj[ bW jWhZ[" f[he i_ [ijWi _dj[hÒ [h[d Yed [b ik[‹e deYjkhde" [i c[`eh [if[hWh W bW deY^[$
ēŊ -3#-#1Ŋ4- Ŋ 4#- Ŋ/.2341 Ŋ 84" Ŋ Ŋ#5(3 1Ŋ,.+#23( 2ēŊ
$ 3
ēŊ - Ŋ,4)#1Ŋ2#%41 Ŋ"#Ŋ2~Ŋ,(2, Ŋ2(#,/1#Ŋ2#Ŋ5#1;Ŋ 31 !3(5 Ŋ#Ŋ(11#2(23( +#ēŊ
7;,#-#2ĹŠ1#%4+ 1#2
Ĺ? Ĺ?
Ĺ?
ÂĄ
ÄŠĹ‹
?% D8I:<CF D<A@8 I% _d\a`X7cX_fiX%Zfd%\Z
Ä Ä…
3/$7(52 &,1&2 (1 520$126
Ĺ? Ä ÄŠĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ĺ?
Ĺ? +. ÄŒĹ?
0(0%5$1$ &,5 &8/$5 '(/ 2-2 )$/'$
)5872 '( /$ 9,' 35,0(5
$&75,= '( /$ 3(/ĂŒ&8/$
,12&(1&,$
,17(55803,'$
,1'ĂŒ*(1$
+20%5(
$3Ă?&23( '(
)$1*2
ĹŠĹŠ
6$172 &$/801,$5 ,1)$0$5
+8(62 '( /$ &$'(5$
&(55$'85$ &(552-2 25($5 $,5($5
&,8'$' '( )5$1&,$ 35() 48( 6,* 1,),&$ 18(92
',26 '(/ $025
7,5$5 '( (67,5$5
$35,6&2
6$/8'$%/( 92/9(5 /2&2 &$/&8/$5 (/ 35(&,2 '( $/*2 )8(*2
&257$/
/2&202725$ (0%$5&$&,Ă?1 '(/ ',/89,2
&(59(=$ ,1*/(6$
)(57,/,=$5
#1#2
6ĂŒ0%2/2 =2',$&$/ +,-2 '( 'e'$/2
(;75$f2
ĹŠ Ä”ĹŠÄˆÄŒÄ–ÄˆÄŽ
62%5(120%5(
Ĺ—ĹŠĹŠ
KdW j[b[del[bW [d bW gk[ [b f[hiedW`[ fh_dY_fWb [i J[h[iW" kdW `el[d Zec_dWZW feh bW WcX_Y_ÂŒd gk[ de [ij| Z_i# fk[ijW W jhWXW`Wh o [i\ehpWhi[ fWhW iWb_h Z[ bW feXh[pW [d bW gk[ l_l[ i_de gk[ efjW feh [b YWc_de \|Y_b Z[b [d]W‹e o bW jhW_Y_ÂŒd$ Iki fWZh[i ^Wd ^[Y^e ]hWdZ[i iWYh_Ă’Y_ei feh ZWhb[ kdW l_ZW Z_]dW o i_d YWh[dY_Wi" f[he fWhW [bbW dWZW [i ikĂ’Y_[dj[$
0,&2
9(67,'2
6$%526$ ',26 '( /26 5(%$f26
(6&$62
$&725 '( /$ 3(/ĂŒ&8/$ &$6$129$
6(0,//$ É3,&(
5ĂŒ2 '( $/(0$1,$
3(552
,175,*$ $0$55$5 ,167580(172 0Ă”6,&2 *8$5$1ĂŒ
0217(&,//2 '( 7,(55$ +,-2 '( 'e'$/2
$ 1 (
02/,%'(12
35,0(5$ 127$ 086,&$/
'
0
2
5
9$6,-$ 3$5$ *8,6$5
0,125ĂŒ$ 6(/(&7$
$ & $&75,= '( /$ 3(/ĂŒ&8/$ 6&$5< 029,(
9
',$'(0$ 3/$1(7$
$3Ă?&23( '(
6ROXFLyQ DQWHULRU /
$
5
0
2
1 & $ (1)(50('$' &87É1,$
,1*5(62
$
/ ( 2 6,*12 =2',$&$/ (67$'2 '( 9(1(=8(/$
$ 3$72
$
1
/
+(50$12 '( 02,6(6 '(721$&,Ă?1
7
,
$
/
/
2
129(1$ /(75$ *5,(*$
( *
& $
5
2
5
7
(
5
0(7$/ 35(&,262
6
$ 5 6$/,5 '( $/*81$ 3$57( 6$%526$
5 680(5*,5
3(f$6&2
( 6
7
,
$
)250$5 ',(17(6 $ 81$ &26$ $&&,Ă?1 '(
5
$5$5
2
,5 (/ 7527(
086,&$/
(
&
/
&,8'$' '( &+,/( 5ĂŒ2 '( $/(0$1,$
&
,1*/e6 +20%5( (1 ,1*/e6
,
1
$
0
7
,
5
$
(
5
$
1 5(02/,12 '( 9,(172 &21)86,Ă?1
&
&$'(5$
526752
$ $,5( (1
6ROXFLyQ DQWHULRU
CL@>@ >8CM8E@ (.*. $ (.0/ =à J@:F P Dy;@:F @K8C@8EF% ;<J:L9I@ä C8 :FEKI8::@äE ;< CFJ DèJ:LCFJ GFI D<;@F ;< LE <JKà DLCF <Cy:KI@:F%
7 $
5
7
2
2
$
1
$
7
1
(
38172 &$5',1$/
$
2
48( 12 (6 /$ 0,60$ 5ĂŒ2 '( &2/20%,$
%
$
7
(
$
,
5
$
1
$
&
$57(6$
5 $
1
$
&$3,7$/ '( $/%$1,$ $&&,Ă?1 '(
/
$
2
(67$&,Ă?1 '(/ $f2 &2&+(
&
$
6
$
7
2
5
1
$
$
5
,
$
9(+ĂŒ&8/2
(
5
2
3
$
$1'$17( &$0,1$17( 6ĂŒ0%2/2 '( $=8)5(
&
3/$1$
/
&5,$5
$
(;7(16,Ă?1
.,&+:$
$
$6,'(52
$17(6 '( &5,672 48(5(5 $0$5
$)e5(6,6 '( 1$32/,7$12
6(f25$
(
'(675(=$ +2*$5
0
$
$
0 ,
$*5$'$%/(
3/$&(17(52 5(< ( (*,1$ +,-2 '( =(86
2 6ĂŒ0%2/2 '( /,752
2
2
5
$
&
&2/801$
%$75$&,2
$
5
$
1
$
0
$
/
$
=
7
$
5
5
$
5(/$7,92 $ /$ %2&$ 352%$5
/$%5$5
$5*2//$
$57ĂŒ&8/2
7,5$ )$-$ $1725&+$
6ĂŒ0%2/2 '(
&219,&7$
5(/,*,26$
6ĂŒ0%2/2 '(
12%(/,2
ÄŠĹ‹
0(66,(5
}
"% 1ĹŠ #% 2 Ä¸ÄˆÄ‘ÄŠÄŒÄąÄˆÄ’ÄˆÄ?Äš
Ĺ—ĹŠĹŠĹŠ
F_djeh o [iYkbjeh _cfh[i_e# d_ijW \hWdYƒi dWY[ kd Z‡W Yece ^eo [d FWh‡i$ 7kjeh Z[ h[jhWjei o i[h_[i ieXh[ [b c_ice j[cW" [if[Y_Wbc[dj[ bWi XW_bWh_dWi" f[he jWcX_ƒd ieXh[ bWi YWhh[hWi Z[ YWXWbbei" kde Z[ iki j[cWi \Wleh_jei [d [b gk[ [nfbehW [b cel_c_[dje$ JWcX_ƒd h[Wb_pÂŒ YkWZhei Yed Z[idkZei ieXh[ bei Z_ij_djei cec[djei Z[ bW je_b[jj[ \[c[d_dW o h[fh[i[djÂŒ [iY[dWi Yej_Z_WdWi Z[ ck`[h[i" bWlWdZ[hWi" fbWdY^WZehWi e Xkh]k[iWi$ ;djh[ iki eXhWi [i# j|d Ăˆ8W_bWh_dW hkiWÉ o Ăˆ9WXWbbei Z[ YWhh[hWiÉ$
: ĹŠ }
42( ĹŠ#-5( 1;ĹŠ- 5#ĹŠ#2/ !( +ĹŠ ĹŠ 13#ĹŠ bWi W][dY_Wi hkiWi$ BW dWl[ <e# Xei#=hkdj i[h| jhWdifehjWZW W 8W_aedkh [d i[fj_[cXh[ fWhW _d_Y_Wh bei fh[fWhWj_lei Z[b lk[be" W‹WZ_ÂŒ$ ;ij[ fheo[Yje f[hc_j_h‡W [ijk# Z_Wh [b [ifWY_e o Yb_cW Yeb_dZWd# j[i" YÂŒce bW hWZ_WY_ÂŒd W\[YjW W bW l_ZW o [diWoWh bWi fh_dY_fWb[i j[Ydebe]‡Wi Z[ bWi \kjkhWi [nf[# Z_Y_ed[i W CWhj[" Yece bW jecW Z[ fhk[XWi Z[ j[hh[de [d Yed# Z_Y_ed[i Z[ _d]hWl_Z[p o" ieXh[ jeZe" bW ef[hWY_ÂŒd Z[ Wj[hh_pW`[$ ;ij[ [i [b fh_c[h fheo[Yje" [d
^ ĹŠ
ĸ, 8.ĹŠÄ‰ÄˆĹŠÄąĹŠ)4-(.ĹŠÄ‰ÄˆÄš 4ĹŠ/#12.- +(" "ĹŠ2#ĹŠ,.231 1;ĹŠ,;2ĹŠ).5( +ĹŠ8ĹŠ #7/1#2(5 ēŊ .2ĹŠ-#15(.2ĹŠ#ĹŠ(,/4+2.2ĹŠ#,.!(.Äą - +#2ĹŠ"# #1;-ĹŠ2#1ĹŠ, -#) ".2ĹŠ!.-ĹŠ,4!' ĹŠ ! 43#+ ēŊ Ä–ĹŠ #%.!~)#2#ĹŠ"#ĹŠ2#1ĹŠĂŒ3(+ĹŠ ĹŠ+.2ĹŠ"#,;2Ä“
ĸ)4-(.ŊĉĉŊĹŊ)4+(.ŊĉĉĚ "ēŊ # #ĹŠ31 ) 1ĹŠ#-ĹŠ24ĹŠ 43.!.-ă -9 ĹŠ8ĹŠ 2#1#-(" "ĹŠ8 ĹŠ04#ĹŠ-.ĹŠ2(#,/1#ĹŠ/."1;ĹŠ#23 1ĹŠ 1."# ".ĹŠ"#ĹŠ%#-3#ēŊ ĹŠ!.,4-(! !(¢-ĹŠ 84Äą " ĹŠ ĹŠ $1.-3 1ĹŠ+.2ĹŠ/1. +#, 2ēŊ Ä–ĹŠ (ĹŠ 42! ĹŠ+ ĹŠ/ 9ĹŠ$4#1 ĹŠ"#ĹŠ24ĹŠ!.1 9¢-ĔŊ-.ĹŠ+ ĹŠ #-!.-31 1;ĹŠ#-ĹŠ-(-%4- ĹŠ/ 13#Ä“
ĹŠĹŠ
Z[ gk[ ik [ndel_W" 9b[c[dj_d[" i[ iec[j_ÂŒ W kd fheY[Z_c_[dje fWhW XehhWhbe Z[ ik c[ceh_W jhWi [b Ă’d Z[ ik jkckbjkeiW h[# bWY_ÂŒd$ BW Z[i[if[hWY_ÂŒd be bb[lW W Z[Y_Z_h iec[j[hi[ Wb c_ice fheY[Z_c_[dje$ I_d [cXWh]e" W c[Z_ZW gk[ l[ iki h[Yk[hZei Z[ilWd[Y[hi[" i[ ZW Yk[djW Z[ gk[ jeZWl‡W bW WcW$ F[he jWb l[p i[W Z[cWi_WZe jWhZ[ fWhW Yehh[]_h ik [hheh$
l_[cXh[ W CWhj[ kdW dWl[ gk[ Z[X[ _dijWbWh kdW [ijWY_ÂŒd Wk# jec|j_YW [d [b iWjƒb_j[ <eXei Z[b fbWd[jW he`e Ă„gk[" i[]‘d Wb]kdei Y_[dj‡ÒYei" \k[ kd Wij[he_Z[ YWf# jkhWZe feh bW \k[hpW Z[ ]hWl[ZWZ Z[ CWhj[Ă„" i[]‘d WdkdY_ÂŒ Wo[h L‡Yjeh @Whjel" Z_i[‹WZeh `[\[ Z[ bW 7ieY_WY_ÂŒd Z[ FheZkYY_ÂŒd 9_[d# j‡ÒYW BWleY^a_d$ Æ7^ehW i[ XWhW`Wd bWi \[Y^Wi Z[b ) o + Z[ del_[cXh[Ç" WĂ’h# cÂŒ @Whjel [d [b YeicÂŒZhece aWpW`e Z[ 8W_aedkh" Y_jWZe feh
ĸ 1(+ŊĉćŊĹŊ, 8.ŊĉćĚ -ĹŠ#+ĹŠ;1# ĹŠ"#ĹŠ+ 2ĹŠÄƒ- -9 2ĹŠ"# #1;ĹŠ2#1ĹŠ ! 43#+.2.ĹŠ8ĹŠ-.ĹŠ"#) 12#ĹŠ++#5 1ĹŠ/.1ĹŠ(,/4+2.2ĹŠ 8ĹŠ24/4#23 2ĹŠ!#13#9 ēŊ Ä–ĹŠ ĹŠ $#+(!(" "ĹŠ#2ĹŠ#+ĹŠ#$#!3.ĹŠ"#+ĹŠ)4#%.ĹŠ 1,.-(.2.ĹŠ "#ĹŠ24ĹŠ#-#1%~ ĹŠ/2~04(! ĹŠ8ĹŠ#2/(1(34 +Ä“
: ĹŠĹŠ
)(0(1,12
/
'
&267262
)867( '( /$
/,&25
$
$
+(55($0,(17$ '( =$3$7(52
72172 (1 '(02675$&,Ă?1 '( $)(&72
(67$'2 '( $6,$
2
'
%
7
5
(6&8&+$5 ,*8$/'$' (1 /$ 683(5),&,(
$&725 '( /$ 3(/ĂŒ&8/$ (/ Ă”/7,02 &20$1'$17(
0
&
$ 6
2 '8(f2
&217,1(17(
1$9(
,
7,=$ &$&$+8$7(
/,(%5( '( /$ 3$7$*2$1,$
0
$
%85/$
$
0$0É
$
&+$1=$
$/&$%$//2
'
6(*81'$ 127$
+8(62 '( /$
&(/(%5,'$'(6
ËĔŊ Ŋě Hki_W [dl_Wh| [d de#
ĹŠĹŠ
*,5$5 35,1&(6$ ,1&$ (16(1$'$
(
ĸ, 19.ĹŠÄ‰ÄˆĹŠÄąĹŠ 1(+ĹŠÄˆÄ’Äš 4ĹŠ' (+(" "ĹŠ/ 1 ĹŠ!.,4-(! 12#ĹŠ!.-ĹŠ+.2ĹŠ "#,;2ĹŠ2#1;ĹŠ, 8.1ĹŠ#-ĹŠ#23#ĹŠ/#1~.".ĹŠ+.ĹŠ!4 +ĹŠ "# #1;ĹŠ /1.5#!' 1ĹŠ/ 1 ĹŠ !+ 1 1ĹŠ8ĹŠ1#2.+5#1ĹŠ +.ĹŠ04#ĹŠ-#!#2(3#ĹŠ' !#1+.ēŊ Ä–ĹŠ # Äą +(!#ĹŠ242ĹŠ !3(5(" "#2ĹŠ"#ĹŠ, -#1 ĹŠ!1# 3(5 ĹŠ8ĹŠ !.-ĹŠ +#%1~ Ä“
&20321(5 (1 9(562 5ĂŒ2 '(/ (&8$'25
,168),&,(17(
ĹŠĹŠ
ĹŠĹŠ
1(8752
&26780%5(
6ĂŒ0%2/2 '(
Ĺ—ĹŠ ĹŠĹŠ@e[b 8Wh_i^ [i kd ^ecXh[ gk[ gk[ZW Z[lWijWZe feh bW dej_Y_W
$57ĂŒ&8/2
&(55,/
$
ĔŊĉĉĖćć
1,75Ă?*(12
72172
3#1-.ĹŠ1#2/+ -".1ĹŠ "#ĹŠ4- ĹŠ,#-3#ĹŠ2(-ĹŠ 1#!4#1".2
5$=$
6ĂŒ0%2/2 '(
&(7É&(2 0$5,12 *,*$17(
ĸ#-#1.ŊĉćŊĹŊ$# 1#1.ĹŠÄˆÄ’Äš 42ĹŠ1#+ !(.-#2ĹŠ2#-3(,#-3 +#2ĹŠ-#!#2(3 -ĹŠ "#ĹŠ, 8.1ĹŠ 3#-!(¢-ĹŠ8 ĹŠ04#ĹŠ"#ĹŠ+.ĹŠ!.-31 1(.ĹŠ #23 2ĹŠ2#ĹŠ,#1, 1;-ĹŠ8ĹŠ , .2ĹŠ24$1(1;-ēēŊ Ä–ĹŠ 4#ĹŠ#+ĹŠ2.+ĹŠ"#+ĹŠ $#!3.ĹŠ ĹŠ242ĹŠ 2#,#) -3#2ĹŠ+#2ĹŠ"#ĹŠ! +.1ĹŠ'4, -.ēŊ
ĸ$# 1#1.ŊĉćŊĹŊ, 19.ŊĉćĚŊ 4Ŋ, "1#Ŋ/4#"#Ŋ2#1Ŋ,;2Ŋ#7/1#2(5 Ŋ8Ŋ #$42(5 Ŋ+.Ŋ04#Ŋ 84" 1;Ŋ Ŋ04#Ŋ , .2Ŋ2#Ŋ 2(#-3 -Ŋ (#-Ŋ)4-3.2ēŊ +Ŋ'.% 1Ŋ-#!#2(3 Ŋ 3#-!(¢-Ŋ8Ŋ $#!3.ēŊ ĖŊ # +(!#Ŋ /+#- ,#-3#Ŋ24Ŋ1#-.5 !(¢-Ŋ"( 1( ē
*,7$12 '(
5ĂŒ2 '(/ 3(5Ă”
3$*$5
Ä !(¢Ŋ4-ĹŠ"~ ĹŠ!.,.ĹŠ'.8Ä&#x;
4ĹŠ2#1(#" "ĹŠ8ĹŠ1#2/.-2 (+(" "ĹŠ+#ĹŠ' !#-ĹŠ4-ĹŠ #7!#+#-3#ĹŠ ",(-(231 ".1ēŊ 2ĹŠ"(%-.ĹŠ"#ĹŠ+ ĹŠ !.-ă -9 ĹŠ"#ĹŠ3.".2ĹŠ04(#-#2ĹŠ+#ĹŠ!.-.!#-ĹŠ8 ĹŠ 04#ĹŠ+.ĹŠ"($#1#-!( ĹŠ24ĹŠ2#1(#" "ĹŠ8ĹŠ#-31#% ĹŠ#-ĹŠ 3.".ĹŠ+.ĹŠ04#ĹŠ#$#!3ĂŒ ēŊ
<8148( '(/
ĸ)4+(.ŊĉĊŊĹŊ %.23.ŊĉĉĚŊ
.2Ŋ ,(%.2Ŋ/4#"#-Ŋ2#1Ŋ4- Ŋ 4#- Ŋ $4#-3#Ŋ"#Ŋ!.-.!(,(#-3.2Ŋ8Ŋ!1#!(,(#-3.Ŋ (-3#+#!34 +ēŊ 42Ŋ/1.8#!3.2Ŋ"#Ŋ-#%.!(.2Ŋ 8Ŋ#234"(.2Ŋ"# #-Ŋ2#1Ŋ3., ".2Ŋ,;2Ŋ#-Ŋ 2#1(.ēŊ ĖŊ .Ŋ2#Ŋ04#)#Ŋ"#+Ŋ#11.1ĔŊ /1.5#!'#Ŋ242Ŋ+#!!(.-#2ē
ĹŠĹŠ
ĸ %.23.ŊĉĊŊĹŊ2#/3(#, 1#ŊĉĉĚ #-31.Ŋ"#+Ŋ;1# Ŋ/1.$#2(.- +Ŋ "ēŊ # #1;Ŋ "#) 1Ŋ"#Ŋ+ ".Ŋ+ 2Ŋ"4" 2Ŋ8Ŋ3#,.1#2Ŋ8 Ŋ04#Ŋ #23.2Ŋ $#!3 1;-Ŋ24Ŋ/.2(!(¢-ēŊ #$#2Ŋ,48Ŋ #7(%#-3#2ē
ĹŠĹŠ
ĸ2#/3(#, 1#ŊĉĊŊĹŊ.!34 1#ŊĉĉĚ +Ŋ#731 -)#1.Ŋ2#1;Ŋ4- Ŋ./!(¢-Ŋ,48Ŋ 3#-3 ".1 Ŋ/ 1 Ŋ "ēŊ #1.Ŋ"# #1;Ŋ - +(9 1+.Ŋ ,4!'.Ŋ,#).1ēŊ ĖŊ .-Ŋ/1.$4-".Ŋ 2#-3(".Ŋ'4, -.ĔŊ' Ŋ"#Ŋ1#!.-.!#1Ŋ04#Ŋ#+Ŋ 3(#,/.Ŋ#2Ŋ,;2Ŋ5 +(.2.Ŋ04#Ŋ#+Ŋ.1.ē
ĹŠĹŠ
ĸ.!34 1#ŊĉĊŊĹŊ-.5(#, 1#ĹŠÄ‰ÄˆÄšĹŠ
Ŋ,#-3#Ŋ"# #1;Ŋ24$1(1Ŋ4- Ŋ,#3 ,.1$.2(2Ŋ +Ŋ(%4 +Ŋ04#Ŋ+.2Ŋ/#-2 ,(#-3.2Ŋ8 Ŋ04#Ŋ #23.2Ŋ" -Ŋ/ 2.Ŋ Ŋ3." Ŋ4- Ŋ% , Ŋ"#Ŋ./.1Ĺ 34-(" "#2ēŊ ĖŊ (.2Ŋ' Ŋ/4#23.Ŋ#+Ŋ 31 ).Ŋ!¢,.Ŋ!#-3(-#+ Ŋ"#Ŋ+ Ŋ5(134"ēŊ
ĹŠĹŠ
[b gk[ ikijWdY_Wi l_lWi +& YbW# i[i Z[ c_Yheeh]Wd_icei i[h|d bb[lWZei W CWhj[" f[hcWd[Y[h|d Wbb‡ Wb]‘d j_[cfe o h[]h[iWh|d W bW J_[hhW$ BW KHII \k[ bW fh_c[hW fe# j[dY_W gk[ be]hŒ feiWh kd cŒZk# be CWhi ) [d ik[be cWhY_Wde [d '/-'$
ĸ-.5(#, 1#ŊĉĉŊĹŊ"(!(#, 1#ĹŠÄ‰ÄˆÄšĹŠ 4ĹŠ/ 1#) ĹŠ/4#"#ĹŠ-#!#2(3 1ĹŠ2#1ĹŠ#2!4!' " ĹŠ !.-ĹŠ, 8.1ĹŠ(-3#1_2ĹŠ8 ĹŠ04#ĹŠ2#ĹŠ2(#-3#ĹŠ2.+ ĹŠ 8ĹŠ/.!.ĹŠ /1#!( " ēŊ Ä–ĹŠ 4 -".ĹŠ +#ĹŠ(-04(#3#ĹŠ4-ĹŠ/1. +#, ĔŊ $1¢-3#+.ĹŠ!.-ĹŠ ! +, Ä“
ĹŠĹŠ
ĸ"(!(#, 1#ŊĉĉŊĹŊ#-#1.ĹŠÄˆÄ’Äš 4ĹŠ(-%#-(.ĹŠ8ĹŠ %(+(" "ĹŠ,#-3 +ĹŠ2#1;ĹŠ"#ĹŠ ,4!' ĹŠ 84" ĹŠ"#-31.ĹŠ"#+ĹŠ;1# ĹŠ"#ĹŠ31 ).ēŊ 42ĹŠ!.,/  #1.2ĹŠ"#ĹŠ31 ).ĹŠ2#1;-ĹŠ242ĹŠ !.-ă"#-3#2ēŊ Ä–ĹŠ "ēŊ#2ĹŠ! / 9ĹŠ"#ĹŠ ' !#1ĹŠ, 1 5(++ 2ēŊ
Ä Ä†
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?Ä ÄŠĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ĺ?
Ĺ? +. Ĺ?
4#"#ĹŠ242/#-"#12#ĹŠ#+ĹŠ 1#(-(!(.ĹŠ"#+ĹŠ3.1-#.ĹŠ"#ĹŠ$ĂŒ3 .+
ÂľGk_ƒd[i i[ Wd_cWh‡Wd W _h Wb [ijWZ_e fWhW kd fWhj_Ze B_]W li$ 8WhY[bedW iWX_[dZe gk[ Z[djhe Z[b [iY[dWh_e Z[fehj_le de ^WXh| feb_Y‡Wi gk[ bei h[i# ]kWhZ[d5 CkY^ei Z[ bei WĂ’ Y_edWZei gk[ ^Wd [ijWZe [d [ij[ j_fe Z[ fWhj_Zei" YWb_Ă’ YWZei Yece ĂˆZ[ Wbje h_[i]eÉ" feh [b Wbje d_l[b Z[ l_eb[dY_W Z[ bWi ĂˆXWhhWi XhWlWiÉ" ZkZWh|d$ ;iW ZkZW i[ ^W WfeZ[hWZe Z[ bei Z_h_][dj[i Z[b \‘jXeb Z[b fW‡i" Z[ifkƒi Z[ h[Y_X_h bW dej_Ă’ YWY_ÂŒd Z[b 7Yk[hZe C_d_ij[h_Wb d‘c[he '//- Z[b () Z[ `kd_e Z[ (&'' gk[ _dZ_YW ÆWXij[d[hi[ W bW Feb_Y‡W DWY_edWb Z[ ZWh i[]kh_ZWZ _dj[h# dW [d [l[djei Yece YedY_[hjei" jehei o \‘jXebÇ" Yece [nfb_YÂŒ [d HWZ_e BW H[Z Z[ Gk_je [b @[\[ Z[ Feb_Y‡W Z[ bW Kd_ZWZ Z[ L_]_bWd# Y_W Dehj[" @eiƒ =WhYƒi$ ÆI[h‡W Z[ bW _Z[W Z[ de h[_d_# Y_Wh [b 9Wcf[edWje DWY_edWb i_
de [n_ij[ bW ]WhWdj‡W feb_Y_WbÇ" Z_`e Wb c_ice c[Z_e [b =[h[d# j[ Z[ bW 7ieY_WY_ÂŒd Z[ <‘jXeb De 7cWj[kh Z[ F_Y^_dY^W" 7<D7 " =Wbe 8Whh[je$ ;b Z_h_][dj[ fkdjkWb_pW gk[ Æ[b /& Z[ bW l_eb[dY_W [i WZ[d# jhe Z[ bei [ijWZ_ei0 be l[e fh[# eYkfWdj[Ç" YedYbko[ 8Whh[je$ BW iebkY_ÂŒd gk[ l[d bWi Wk# jeh_ZWZ[i [i gk[ i[ YedjhWj[ [cfh[iWi fWhj_YkbWh[i fWhW h[i]kWhZWh [b _dj[h_eh Z[ bei [iY[dWh_ei" f[he W Yh_j[h_e Z[b `[\[ Z[ i[]kh_ZWZ Z[b [ijWZ_e Z[ B_]W Z[ Gk_je" FWjh_Y_e CWhj‡# d[p" Æik f[hiedWb [ij| fh[fW# hWZe [d Y_[hjei Wif[Yjei Yece fWhW ^WY[h YWY^[e" f[he de fWhW Z[j[d[h W f[hiedWi gk[ YWki[d _dYedl[d_[dj[iÇ$ ;ijW deY^[ [d bW h[kd_ÂŒd Z[b 9ec_jƒ ;`[Ykj_le Z[ bW <[Z[hW# Y_ÂŒd ;YkWjeh_WdW Z[ <‘jXeb i[ jecWh| kdW Z[Y_i_ÂŒd i_ _d_Y_W e de [b jehd[e [ij[ Ă’ d Z[ i[cWdW$
'(1( .% ĹŠ/.-#ĹŠ1#5#12 ĹŠ ĹŠ+ ĹŠ2 +(" ĹŠ"#ĹŠ 4#"
Bei gk[ c|i \[ij[`Wd bWi l_Yje# h_Wi Z[ L[d[pk[bW" W fWhj[ Z[ iki fhef_ei i[]k_Zeh[i" fWh[Y[ gk[ ied [b fh[i_Z[dj[ Z[ bW ;YkW\‘j# Xeb" Bk_i 9^_h_Xe]W" o [b jƒYd_Ye H[_dWbZe Hk[ZW$ ÂľBW hWpÂŒd5 Gk[ de f[hZ_cei Wdj[ bW Ăˆ9[d_Y_[djWÉ o gk[ jeZe de \k[ jWd cWbe Yece fWhW ÆYWc# X_Wh W j_[cfeÇ" Yece i[ [nfh[iÂŒ 9^_h_Xe]W Z[ifkƒi Z[ bW Z[hhejW Wdj[ bW ĂˆL_dej_djeÉ 7^ehW [b Z_iYkhie [i Z_\[h[dj[ o i[]‘d [b cWdZWc|i Z[ bW <;< Æde [i Xk[de ikif[dZ[h fheY[# iei0 W l[Y[i [i c[`eh ^WY[h Ye# hh[Yj_lei o Yedj_dkWh Yed [b jhW# XW`eÇ" Z_`e Wo[h [d hWZ_e bW H[Z$ Âľ O gkƒ b[ ^_pe YWcX_Wh Z[ fWh[# Y[h5 ÆBWi ^ehWi" bei Z‡Wi ied Xk[# dei Yedi[`[hei o deiejhei ^[cei j[d_Ze bW efehjkd_ZWZ Z[ f[diWh
ēŊ  - Ŋ#-31#% Ŋ#+Ŋ (-$.1,#Ŋ8Ŋ#+Ŋ5(#1-#2Ŋ"#!("#-ē
ckY^e$ ;i _cfehjWdj[ WdWb_# pWh bWi Z[YbWhWY_ed[i Z[ Hk[ZW H[_dWbZe W ik bb[]WZW Wb fW‡i0 [b eX`[j_le [i bWi [b_c_dWjeh_Wi" ^W Z_Y^e" o [d ik YedjhWje Z_Y[ [ieÇ" [nfed[ [b [nfh[i_Z[dj[ Z[ :[fehj_le Gk_je$ ;i feh [ie gk[ iÂŒbe b[ f_Z[ Æ[d bW c[Z_ZW gk[ ^WoW [b h[# YedeY_c_[dje Z[b [hheh" bWi b[YY_ed[i ied Wfh[dZ_ZWi0$
2(+#ĹŠ"#2,(#-3#ĹŠ!.-3 !3.2ĹŠ!.-ĹŠ+ ĹŠ Ĺ—ĹŠĹŠ +ĹŠ3_!-(!.ĹŠ 1%#-3(-.ĔŊ +ÄƒĹŠ.ĹŠ 2(+#ĔŊ"#2,(-3(¢Ŋ 8#1ĹŠ04#ĹŠ' 8 ĹŠ"( +.% ".ĹŠ!.-ĹŠ
+%ĂŒ-ĹŠ1#/1#2#-3 -3#ĹŠ"#ĹŠ+ ĹŠ !4 $ĂŒ3 .+ĹŠ/ 1 ĹŠ5(-!4+ 12#ĹŠ ĹŠ+ ĹŠÄĽ 1(!.+.1ÄŚÄ“ ÄĄ .ĹŠ' +.ĹŠ,(#-31 2ĹŠ#+ĹŠ#-31#- ".1ĹŠ3." 5~ ĹŠ#23;ĹŠ/1#2#-3#ĢĔŊ"().ĹŠ#+ĹŠ#72#+#!!(.Äą - ".1ĹŠ 1%#-3(-.ēŊ #2#ĹŠ ĹŠ#++.ĔŊ-.ĹŠ"#2! 13¢Ŋ+ ĹŠ/.2( (+(" "ĹŠ"#ĹŠ5(-!4+ 12#ĹŠ ĹŠ31 ) 1ĹŠ ".-"#ĹŠ+#ĹŠ/1./.-% -Ä“ +ĹŠ#,/1#2 1(.ĹŠ"#+ĹŠÄĽ .!.ČĔŊ .1 #13.ĹŠ #! 22#-2ĔŊ++#% 1;ĹŠ#-31#ĹŠ'.8ĹŠ.ĹŠ,  - ĹŠ +ĹŠ/ ~2ĔŊ/#1.ĹŠ#-ĹŠ24ĹŠ %#-" ĹŠ#23;ĹŠ"#ÄƒĹŠ-(1ĹŠ+ ĹŠ2 +(" ĹŠ"#ĹŠ 1+.2ĹŠ 4- ĹŠ"#ĹŠ (% ĹŠ"#ĹŠ 4(3.ĹŠ 8 ĹŠ04#ĹŠ3 , (_-ĹŠ#2ĹŠ#,/1#2 1(.ĹŠ"#+ĹŠÄĽ '(-.ČēŊ
ĹŠ
ļ Ŋ4-(¢-Ŋ#2Ŋ + Ŋ$.13 +#9 Ŋ "#+Ŋ%14/.Č ēŊ 4Ŋ"#2#,/# .Ŋ#-Ŋ #/.13(5.Ŋ 4#-! Ŋ'(9.Ŋ04#Ŋ2# Ŋ!.-5.! ".Ŋ Ŋ+ Ŋ2#+#!!(¢-ēŊ
+ĹŠ2#+#!!(.- ".ĹŠ#!4 3.1( -.ĹŠ 4 ŊĉćŊ#2/#1 ĹŠ1# +(9 1ĹŠ4-ĹŠ 4#-ĹŠ 4-"( +ĹŠ/.1ĹŠ24ĹŠ$ ,(+( Ä“ @kWd @eiƒ =el[W" Z[bWdj[he Yed jƒYd_YW o iW]WY_ZWZ fWhW Wf_bWh h_lWb[i" dWY_ÂŒ [d bW fhel_dY_W Z[ ;ic[hWbZWi [b (- Z[ [d[he Z[ '//'$ ;b WjWYWdj[ Z[ (& W‹ei Z[ [ZWZ Z[# i[W j[d[h kd Xk[d WYY_edWh [d [b 9Wcf[edWje CkdZ_Wb IkX (&" W Z[iWhhebbWhi[ [d 9ebecX_W Z[iZ[ [ij[ c[i$ =el[W Yk[djW gk[ [b Wceh Wb \‘jXeb be bb[lW o i_[dj[ Z[iZ[ d_‹e$ Ik fWZh[ ?l|d =el[W \k[ cWhYW# Zeh Z[h[Y^e [d :[fehj_le 9k[d# YW" WYjkWb [gk_fe Z[ @kWd @eiƒ" o \k[ `kdjÂŒ W ƒb Yed gk_[d [cf[pÂŒ [b ik[‹e Z[ bb[]Wh W i[h \kjXeb_ijW$ ;b Z[bWdj[he [YkWjeh_Wde i[ _bki_edW Yed Ykcfb_h `kdje W iki YecfW‹[hei kd Xk[d jehd[e$ ÆBW WYj_jkZ [i [b WhecW Z[b YehWpÂŒd0 i_ [ijWcei X_[d bWi YeiWi i[h|d \WlehWXb[iÇ" i[‹WbÂŒ =el[W" gk_[d j_[d[ YbWhe gk[ [d ĂˆBW Jh_YebehÉ Z[X[ f[b[Wh kd fk[ije$ ;d bW 9WiW Z[ bW I[b[YY_ÂŒd" =e# l[W YecfWhj[ h[Y|cWhW Yed H[dW# je ?XWhhW o CWhbed Z[ @[i‘i$ ÆIeo cko Wc_]k[he0 WX_[hje W bW Y^WhbW" Wkdgk[ [d c_ j_[cfe b_Xh[ fh[Ă’ [# he Z[iYWdiWhÇ" WfkdjÂŒ$
4% ".1 3.2
Ĺ—ĹŠ Ä–ĹŠ 4 -ĹŠ .2_ĹŠ .5# ĹŠ #-.1(. ĹŠ ĹŠ ĹŠ ĖŊĉÄ?ĹŠ"#ĹŠ Ĺ—#-#1.ĹŠ"#ĹŠÄˆÄ’Ä’Äˆ
Ĺ—ĹŠ ĖŊĉćŊ  .2 Ĺ—ĹŠ ĹŠ ĹŠ Ä–ĹŠ 2,#1 +Äą " 2ĔŊ !4 ".1 Ĺ—ĹŠ ÂĄ Ä–ĹŠ #+ -3#1. Ĺ—ĹŠ ĹŠ Ä–ĹŠ #/.13(5.ĹŠ 4#-! ĹŠ Â&#x; ĹŠ ĹŠ Ä–ĹŠ -ŊĉććÄ?ĹŠ#-ĹŠ+ ĹŠ Ĺ—!(4" "ĹŠ"#ĹŠ (. , ĹŠ -3#ĹŠ#+ĹŠ #-31.ĹŠ #/.13(5.ĹŠ +,#".
Ŋ Ŋ Ŋ ĖŊ ŗ +Ŋ +4 ŊŊ #/.13(5.Ŋ 2/.+(ĔŊ#-Ŋ -3.Ŋ .,(-%.Ŋ"#Ŋ+.2Ŋ 2;!'(+ 2
9ed kdW iedh_iW" Ăˆ@@É c[dY_e# dW gk[ [if[hW cWhYWhb[ W jeZei bei [gk_fei gk[ ;YkWZeh j[dZh| [d bW fh_c[hW \Wi[$ BW i[b[YY_ÂŒd _dj[]hW [b ]hkfe Ăˆ9É Yed ;ifW‹W" 7kijhWb_W o 9eijW H_YW$ Æ9ed bei ckY^WY^ei ^[cei fh[fWhWZe kdW i[h_[ Z[ \[ij[`ei i_ bb[]Wcei W cWhYWh" be YkWb Z[# ck[ijhW gk[ iecei kd ]hkfe kd_# ZeÇ" W‹WZ_ÂŒ [b e\[di_le dWY_edWb$ BW fei_X_b_ZWZ Z[ ceijhWhi[ [d [b Y[hjWc[d _dj[hdWY_edWb o Yed
1#/ 1 !(¢-ĹŠ ÄĽ 1(!.+.1ÄŚĹŠ#-31 ĹŠ#-ĹŠ 24ĹŠ#3 / ĹŠÄƒĹŠ- + ĹŠ #+#!!(¢-ĹŠ !4 3.1( - ĹŠ"#ĹŠ ĂŒ3 .+ĹŠ Ĺ— 4ĹŠĹŠ ŊĉćŊ!.-3(-ĂŒ ĹŠ!.-ĹŠ242ĹŠ31 ).2ĹŠ#-ĹŠ + ĹŠ 2 ĹŠ"#ĹŠ+ ĹŠ #+#!!(¢-ēŊļ ĹŠ 1(!.+.1ÄŚĹŠ #-31#-¢Ŋ!.-ĹŠ+ ĹŠĂŒ-(! ĹŠ-.5#" "ĹŠ"#ĹŠ+ ĹŠ +#2(¢-ĹŠ"#ĹŠ 4 -ĹŠ .2_ĹŠ .5# ĔŊ04(#-ĹŠ3(#-#ĹŠ 4-ĹŠ/1. +#, ĹŠ#-ĹŠ24ĹŠ "4!3.1ĹŠ"#1#!'.Ä“
.2ĹŠ"(1(%(".2ĹŠ/.1ĹŠ#+ĹŠ#231 3#% ĹŠ #!4 3.1( -.ĹŠ (73.ĹŠ $ #+ĹŠ (94#3#ĹŠ #23;-ĹŠ!.-5#-!(".2ĹŠ"#ĹŠ!4,/+(1ĹŠ!.-ĹŠ4- ĹŠ 4#- ĹŠ !34 !(¢-ĹŠ#-ĹŠ#+ĹŠ 4-"( +ĹŠ"#ĹŠ+ ĹŠ ! 3#%.1~ Ä“ 1 ĹŠ,  - ĹŠ+ ĹŠ2#+#!!(¢-ĹŠ!4,/+(1;ĹŠ !.-ĹŠ.31.ĹŠ/ 13(".ĹŠ"#ĹŠ/1#/ 1 !(¢-ĔŊ"#ĹŠ+.2ĹŠ ÄˆÄŒĹŠ04#ĹŠ/+ -(ÄƒĹŠ! 1.-ĔŊ -3#ĹŠ#+ĹŠ #/.13(5.ĹŠ 4#-! ĔŊ#04(/.ĹŠ04#ĹŠ2#ĹŠ#-!4#-31 ĹŠ#-ĹŠ + ĹŠ! /(3 +ĹŠ#!4 3.1( - Ä“ !4 ".1ĹŠ2#ĹŠ"#2/+ 9 1;ĹŠ#+ĹŠ/1¢7(,.ĹŠ ĉÄ?ĹŠ ĹŠ -(9 +#2ĔŊ! /(3 +ĹŠ"#+ĹŠ"#/ 1Äą 3 ,#-3.ĹŠ"#ĹŠ +" 2ĔŊ!(4" "ĹŠ04#ĹŠ2#ĹŠ #-!4#-31 ĹŠ#-ĹŠ#+ĹŠ!#-31.ĹŠ.!!("#-3#ĹŠ"#ĹŠ .+., ( Ä“
[bbe i[h YedjhWjWZe feh kd [gk_fe [khef[e be [djki_WicW$ ÆGk_[he h[Wb_pWh kd Xk[d ckdZ_Wb feh c_ \Wc_b_W" feh c_ [ifeiW [ ^_`W o feh c_i WXk[bei gk[ [ij|d [d [b Y_[# beÇ" W]h[]ÂŒ [b Z[bWdj[he" gk_[d [d ik XhWpe Z[h[Y^e bb[lW jWjkWZe [b decXh[ Z[ ik d_‹W Z[ ( W‹ei0 Ă›b_# ied ?lWdeW$
Ĺ? Ĺ?
Ĺ?
Ä Ä‡
ĹŠ
ĹŠ
14%4 8ĹŠ. 345.ĹŠ ' 23 ĹŠ '.1 ĹŠÄˆÄˆĹŠ 5(!3.1( 2Ŋĸ!4 Äą 1#-3 ĹŠ%.+#2ĚĔŊ #1ĂŒĹŠ2#(2Ŋĸ5#(-3(Äą !(-!.ĹŠ3 -3.2ĚŊ8ĹŠ #,/ 3 1.-ĹŠ".2ĹŠ 5#!#2ĹŠ#-ĹŠ+.2ĹŠÄˆÄ’ĹŠ / 13(".2ĹŠ04#ĹŠ )4% 1.-ĹŠ#-ĹŠ#23 ĹŠ !.,/#3(!(¢-Ä“
Ä ÄŠĹ?Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
14%4 8ĹŠ++#% ĹŠ !.-ĹŠ!4 31.ĹŠ2#,(Äą $(- +#2ĹŠ2#%4(" 2ĹŠ 8ĹŠ #1ĂŒĹŠ$ +3 ĹŠ#-ĹŠ ĂŒ+3(, 2ĹŠ!4 31.Ä“
3(ÄƒĹŠ! -ĹŠ ĹŠ #-#9#2ĹŠ
Ĺ—ĹŠ ĹŠĹŠKd Z‡W Z[ifkƒi Z[ gk[ 8hW# i_b \k[ [b_c_dWZe Z[ YkWhjei feh f[dWbj_i Z[ bW 9efW 7cƒh_YW Z[ 7h][dj_dW feh FWhW]kWo" bW 9ed\[Z[hWY_ÂŒd 8hWi_b[‹W Z[ <‘jXeb 98< cWd_\[ijÂŒ ik YedĂ’ WdpW [d [b i[b[YY_edWZeh CWde C[d[p[i" Yh_j_YWZe feh bW \WbjW Z[ h[ikbjWZei e feh be c[dei Z[ `k[]e Xed_je [d bW Yecf[j_Y_ÂŒd$
ÄĽ ĂŒ-ĹŠ-.ĹŠ2_ĹŠ2(ĹŠ2#%4(1_ĹŠ #-ĹŠ 1 %4 8ÄŚ
Ĺ—ĹŠ ĹŠĹŠ;b Wh][dj_de =[hWhZe CWhj_de" jƒYd_Ye Z[ FWhW]kWo" Z_`e ieXh[ ik \kjkhe gk[ W^ehW de [n_ij[ efY_ÂŒd ÆZ[ d_d]kdW ejhW i[b[YY_ÂŒdÇ fehgk[ [ij| jhWXW`WdZe Yed ik WYjkWb [gk_fe" Wb j_[cfe gk[ WZl_hj_ÂŒ Z[ gk[ Æde [i cec[djeÇ Z[ ^WXbWh Z[ ik Yedj_dk_ZWZ$ ÆJeZWl‡W de be iƒ i_ Yedj_# dkWh| [d FWhW]kWo Wb Ă’ dWb Z[b jehd[e " fehgk[ de [i cec[d# jeÇ" Z[YbWhÂŒ$
ĹŠ ^
4+2.ĹŠ/ 1#).ĹŠ
ēŊ (#%.Ŋ .1+;-Ŋĸ(90ēĚŊ+("#1 Ŋ#+Ŋ#04(/.Ŋ414%4 8.ĔŊ,(#-31 2Ŋ04#Ŋ 4#11#1.Ŋ++#5 Ŋ Ŋ+.2Ŋļ -! 2ČŊ Ŋ+ Ŋ.$#-2(5 ēŊ
14%4 8ĹŠ8ĹŠ #1ĂŒĹŠ"#ÄƒĹŠ-#-ĹŠ#+ĹŠ/1(,#1ĹŠÄƒĹŠ- +(23 Ä“ ĹŠ ĔŊ ŊěŊBWi i[b[YY_ed[i
Z[ Khk]kWo o F[h‘ i[ c_Z[d W bWi '/0*+ [d bW fh_c[hW i[c_Ă’ dWb Z[ bW 9efW 7cƒh_YW [d kd fkbie gk[ i[ fh[lƒ fWh[`e [d fei Z[ [d# jhWh [d bW ^_ijeh_W Z[b Y[hjWc[d Yed kdW Ă’ dWb gk[ i[ b[i h[i_ij[ W WcXei [gk_fei$ ;b [cfWj[ [d [b fWhj_Ze gk[ b[i c_Z_ÂŒ [d bW \Wi[ Z[ ]hkfei" bW YW# fWY_ZWZ fWhW ikf[hWh h[if[Yj_lW# c[dj[ W h_lWb[i Yece 7h][dj_dW o 9ebecX_W gk[ i[ fh[i[djWXWd Yece \Wleh_jei o [b h[dZ_c_[dje
3(23 ĹŠ2#%4(1;ĹŠ #-ĹŠ 1%#-3(-
Ĺ—ĹŠ ĹŠĹŠI[h]_e 8Wj_ijW Yedj_dkWh| Wb cWdZe Z[ bW i[b[YY_ÂŒd Wh][dj_dW f[he Z[X[ i[h Æ_dj[b_][dj[Ç fWhW ^WY[h bei YWcX_ei gk[ Yehh[ifedZWd" Wi[]khÂŒ [b ikXZ_h[Yjeh Z[ bei [gk_fei dWY_edWb[i" >kcX[h# je =hedZedW$ Æ;d d_d]‘d cec[djeÇ i[ f[diÂŒ [d [b Z[if_Ze Z[b [djh[# dWZeh jhWi bW [b_c_dWY_ÂŒd [d bei YkWhjei Z[ Ă’ dWb Z[ bW 9efW 7cƒh_YW" Z[ijWYÂŒ [b ^_`e Z[ @kb_e =hedZedW" fh[i_Z[dj[ Z[ bW 7ieY_WY_ÂŒd Z[b <‘jXeb 7h][dj_de ĸ Ěē
Yh[Y_[dj[ Z[ WcXei Yed`kdjei ied Wb]kdei Z[ bei \WYjeh[i gk[ h[\k[hpWd bW _]kWbZWZ Yed bW gk[ i[ fh[i[djW [b [dYk[djhe$ 7Z[c|i" Zei jƒYd_Yei Yed kd fWbcWhƒi [dl_Z_WXb[" Yed [nf[# h_[dY_W o fhe\kdZei YedeY[Zeh[i Z[b \‘jXeb lWd W [ijWh [d [b XWdgk_# bbe$ Bei Zei ied khk]kWoei$ âiYWh JWXWh[p [ijWh| Wb \h[dj[ Z[ bW i[b[Y# Y_ÂŒd Z[ ik fW‡i o ik YecfWjh_ejW I[h]_e CWhaWh_|d Z_h_]_h| W F[h‘$ ;b ĂˆcW[ijheÉ Z[X[h| h[Yecfe# d[h bW Wb_d[WY_ÂŒd$ Feh kdW fWhj[
Z[X[ XkiYWh kd Y[djhWb fWhW iki# j_jk_h Wb b[i_edWZe L_Yjeh_de$ BW b_ijW Z[ `k]WZeh[i Yed fheXb[cWi \‡i_Yei i[ Wcfb‡W W :_[]e =eZ‡d o ;Z_died 9WlWd_ o bW Z[ XW`Wi i[ Yecfb[jW Yed :_[]e Fƒh[p" feh ikif[di_Œd$ ;d F[h‘ bW [djhWZW Z[ 9Whbei BeXWjŒd \k[ YbWl[ fWhW WXh_h [b cWhYWZeh" oW gk[ ikoe \k[ [b fh_# c[h ]eb Z[ F[h‘$ I_ i[ fheZk`[hW [ij[ YWcX_e" [b Z_Xk`e Z[ bei f[# hkWdei ieXh[ [b Yƒif[Z Z[b [ijW# Z_e Z[ BW FbWjW feZh‡W lWh_Wh$
#,(ÄƒĹŠ- +ĹŠ +(-# !(.-#2
42+#1 #1#(1
4% -. . 3#2 ;!#1#2 ēŊ ~.2 %41# .-9;+#9 :ēŊ #1#(1 .1+;-Ŋ 4;1#9 ĖŊ 2'(-%3.-Ŋ ;1#9
Ă‹
#1-;-"#9 #5.1#". ! 2(#3# ."1~%4#9 ~+!'#9 + ~ '(1.04# 149 ".
. 3¢ 1% 2 4#11#1. ĖŊ #1%(.Ŋ 1! 1~ -Ŋ
.1 Ä–ĹŠÄˆÄ’Ä–ÄŒÄŽ 23 "(.Ä–ĹŠĹŠ (4" "ĹŠ"#ĹŠ+ ĹŠ + 3 :1 (31.Ä–ĹŠ777 1 -2,(3#Ä–ĹŠĹŠ - +ĹŠ -.ĹŠ8ĹŠ (1#!35ĹŠ /.132
2ĹŠ#231#++ 2ĹŠ04#ĹŠ-.ĹŠ 1(++ 1.-
Ŋ ĔŊ Ŋē@k]WZeh[i Yece
[b Wh][dj_de B[e C[ii_" [b XhWi_# b[‹e D[ocWh" [b Y^_b[de 7b[n_i I|dY^[p e [b YebecX_Wde HW# ZWc[b <WbYWe =WhY‡W" bbWcWZei W i[h bWi [ijh[bbWi Z[ bW WYjkWb [Z_Y_ÂŒd Z[ bW 9efW 7cƒh_YW" de Z_ifkjWh|d d_ bWi i[c_Ă’ dWb[i Z[ kdW Yecf[j_Y_ÂŒd W bW gk[ ^WX‡Wd bb[]WZe fWhW YediW]hWhi[$ BW b_ijW Z[ bei gk[ de i[h|d h[# YehZWZei feh [ijW 9efW de i[ b_c_# jW W C[ii_ o YecfW‹‡W$ I[ Wcfb‡W W ckY^ei ejhei \kjXeb_ijWi$ ;d [b fh_# c[h ]hkfe [ij|d ^ecXh[i Yece [b Wh][dj_de =edpWbe >_]kW‡d" 9Wh# bei Jƒl[p" gk[ i[ ^W cWhY^WZe Yed
bW Yhkp Z[b f[dWbj_ cWbe]hWZe [d bW jWdZW Z[Y_i_lW Wdj[ Khk]kWo" e I[h]_e 7]”[he" gk_[d Z[`W bW Yec# f[j_Y_ÂŒd Yece c|n_ce ]eb[WZeh fhel_i_edWb Yed jh[i ]eb[i$ I_c_bWh [i [b fWdehWcW Z[ bei XhWi_b[‹ei @kb_e 9ƒiWh" gk_[d b[`ei Z[ Xh_bbWh \WbbÂŒ Wb c[dei [d bei Zei jWdjei gk[ b[ cWhYÂŒ ;YkWZeh" =Wdie e :Wd_ 7bl[i o CW_Yed" gk[ i[ Wb# j[hdWhed [d [b bWj[hWb Z[h[Y^e Z[b [gk_fe XhWi_b[‹e$ D[ocWh Wf[dWi i[ Z[`ÂŒ l[h$ CWhYÂŒ Zei ]eb[i W ;YkWZeh" f[he i_[cfh[ \k[ c|i dej_Y_W feh bWi _d\ehcWY_ed[i bb[]WZWi ieXh[ ik Ă’ Y^W`[ feh [b H[Wb CW#
Zh_Z o ik [nfh[iWZe Z[i[e Z[ i[]k_h [d [b IWdjei$ Feh Yk[djW Z[ <WbYWe Yehh_[# hed Wb]kdWi Z[ bWi c[`eh[i YeiWi gk[ WfehjŒ bW i[b[YY_Œd YebecX_W# dW" _dYbk_Zei iki Zei ]eb[i Wdj[ 8eb_l_W$ 7bb‡ WYWXŒ bW 9efW fWhW kde Z[ bei c[`eh[i Z[bWdj[hei Z[ ;khefW [d bW ‘bj_cW YWcfW‹W Yece `k]WZeh Z[b Efehje$ 7b[n_i I|dY^[p ^W i_Ze Wb 8WhY[bedW be gk[ D[ocWh Wb H[Wb CWZh_Z$ Ik fWhj_Y_fWY_Œd [d [b `k[]e Z[b i[b[YY_edWZe Y^_b[de ^W i_Ze _cfehjWdj[$ CWhYŒ kd ]eb o be]hŒ de Z[iY[djhWhi[ [d [b Z[XWj[ Z[ ik \kjkhe$
ÂĄ ēŊ (.-#+ĹŠ #22(Ŋĸ 11(Äą ÄšÄ”ĹŠÄƒĹŠ%41 ĹŠ"#ĹŠ 1%#-3(- ĔŊ8ĹŠ #8, 1ĹŠ ĸ ).ĚĔŊ#+ĹŠ!1 !*ĹŠ"#ĹŠ 1 2(+ĔŊ"#2/4_2ĹŠ"#ĹŠ 04#" 1ĹŠ#+(,(- ".2ēŊ
Ĺ?Ä ÄŠĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ä Ä Ĺ‡ÄˆÄ‡Ä‡Ä‡Ä?ć
4-%41 '4 ĹŠ #-ĹŠ 04 2'ĹŠĹŠ (-3#1- !(.- + ;2ĹŠ"#/.13(23 2ĹŠ"#ĹŠ+ ĹŠ/1.Äą 5(-!( ĹŠ 42! -ĹŠ/1.8#!3 1ĹŠ24ĹŠ 3 +#-3.ĹŠ#-ĹŠ,;2ĹŠ#2!#- 1(.2Ä“ C[Z_Wdj[ kdW dej_Ă’ YWY_ÂŒd i[ [ijWXb[Y_ÂŒ gk[ [b [gk_fe \[c[# d_de Z[ igkWi^ _d_Y_[ iki fWh# j_Y_fWY_ed[i [d bei YWcf[e# dWjei ckdZ_Wb[i" Yed [b Ă’ d Z[ j[d[h c|i fhe\[i_edWb[i jkd# ]khW^k[di[i [d Yecf[j[dY_Wi
Z[ Wbje hWd]e$ 9edi_Z[hWZe [b cWdZWje Z[ bW <[Z[hWY_Œd ;YkWjeh_WdW Z[ IgkWi^" Wo[h l_W`Œ kdW Z[b[]W# Y_Œd Z[ Z[fehj_ijWi" bW Z[ijWYW# ZW D_Yeb[ =ehZ_bbe o jh[i Yec# fW‹[hWi c|i" fWhW fWhj_Y_fWh
[d bei @kl[d_b[i CkdZ_Wb[i gk[ i[ h[Wb_pWh|d [d 8eijed# ;ijWZei Kd_Zei" [d bW Kd_# l[hi_ZWZ Z[ >WhlWhZ$ ;ije b[ i_]d_Ă’ YW W Jkd]k# hW^kW [ijWh feh fh_c[hW l[p [d kd ckdZ_Wb Z[ igkWi^$ Feh ejhW fWhj[" bW Z[b[]W# Y_ÂŒd cWiYkb_dW jWcX_ƒd i[ [dYk[djhW fWhj_Y_fWdZe [d [b 9Wcf[edWje IkZWc[h_YW# de" ZedZ[ 7b[`WdZhe 9Wijhe [i gk_[d h[fh[i[djW W Jkd# ]khW^kW$
( 1 ĹŠ+ ĹŠ!4 13 ĹŠ5;+(" ĹŠ "#ĹŠ ++8ĹŠ#-ĹŠ #+(+#. C[Z_Wdj[ hk[ZW Z[ fh[diW gk[ i[ h[Wb_pWh| cW‹WdW W bWi ''0&&" [d [b beYWb cWjh_p Z[ 7kjecejeh[i 9Wh# bei BWhh[W Ă„ JeoejW i[Yjeh CWbb Z[ bei 7dZ[i" i[ ^WY[ eĂ’ Y_Wb bW l|b_# ZW Z[b 9Wcf[edWje ;b[ajhWhWbbo (&''$ ;ij[ i_j_e Z[ YedY[djhWY_ÂŒd i[h# l_h| jWcX_ƒd fWhW bW h[l_i_ÂŒd c[# Y|d_YW gk[ i[ [\[YjkWh| [b i|XWZe () Z[ `kb_e W fWhj_h Z[ bWi '+^&&$ FWhW [b Zec_d]e (* i[ h[Wb_# pWh|d '( [if[Y_Wb[i Z[ l[beY_ZWZ" gk[ j[dZh|d ik Y[djhe XWi[ [d [b 9ecfb[`e H[Yh[WY_edWb bW CeoW [d ZedZ[ [ijWh| kX_YWZW bW pedW Z[ WXWij[Y_c_[dje o [d ^ehWi Z[ bW jWhZ[ i[h| bW fh[c_WY_ÂŒd$ BWi l‡Wi i[ [dYk[djhWd [d ÂŒfj_# cWi YedZ_Y_ed[i" be gk[ i_d ZkZW WokZWh| W bei f_bejei fWhW gk[ Wfb_gk[d jeZWi iki ^WX_b_ZWZ[i ieXh[ kdW ikf[hĂ’ Y_[ gk[ cko fe# YWi l[Y[i i[ kj_b_pWd fWhW [ij[ j_fe Z[ Yecf[j[dY_Wi$ BWi jh_fkbWY_ed[i Z[X[d Ye#
ēŊ .2Ŋ2#%4(".1#2Ŋ"#Ŋ#23#Ŋ"#/.13#Ŋ#2/#1 -Ŋ#+Ŋ%1 -Ŋ"~ ēŊ
deY[h gk[ bWi _diYh_fY_ed[i i[ Y_[hhWd [b `k[l[i (' Z[ `kb_e o i[ bWi fk[Z[d h[Wb_pWh W jhWlƒi Z[ mmm$hWbbo[YkWZeh$Yec" e [d bW eĂ’ Y_dW Z[b Jkd]khW^kW 7kjecÂŒl_b 9bkX [d [b ^ehWh_e Z[ &/0&& W ')0&& o Z[ '+0&& W '.0&&$ De [n_ij_h|d _diYh_fY_e# d[i [njhWehZ_dWh_Wi d_ h[i[hlWi$ >Wo gk[ h[YWbYWh gk[ Wb de
h[Wb_pWhi[ [b i‘f[h fh_c[ Z[ YbW# i_Ă’ YWY_ÂŒd" [b ehZ[d Z[ iWb_ZW i[ [ijWXb[Y[h| Z[ WYk[hZe Wb fkdjW`[ gk[ YWZW jh_fkbWY_ÂŒd j_[d[ [d ik YWj[]eh‡W Z[ c[deh W cWoeh$ I[ h[Yec_[dZW Wb f‘Xb_Ye gk[ i[ ZWh| Y_jW W c_hWh [ijW Yecf[# j[dY_W" gk[ _d]h[i[ W bei jhWcei Z[ l[beY_ZWZ Yed kdW ^ehW Wdj[i W bW Yecf[j[dY_W$
Ä Ä‚
Ä ÄŠĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
+ĹŠÄĽ ."(++.ÄŚĹŠ -.ĹŠ!#"#1;ĹŠ ,;2ĹŠ/4-3.2 ;b ĂˆheZ_bbeÉ _d_Y_ÂŒ ik [djh[dW# c_[dje \‡i_Ye o jƒYd_Ye Yed c_hWi W h[Ykf[hWh bei fkdjei f[hZ_Zei [d [b ‘bj_ce [dYk[d# jhe \h[dj[ Wb 7jbƒj_Ye 7kZWp$ JƒYd_Ye Kd_l[hi_jWh_e gk[ [d\h[djWh| [d YWiW Wb =h[Y_W [b l_[hd[i (( Z[ `kb_e" W fWhj_h Z[ bWi (&0&&" jhWXW`Wh| [d ZeXb[ `ehdWZW [d [ijW i[cWdW gk[ h[ikbjW YehjW" Z[ \ehcW gk[ fk[ZW h[Ykf[hWh ik YedZ_Y_ÂŒd \‡i_YW o j|Yj_YW$ Æ8WijW Z[ f[hZ[h c|i fkd# jeiÇ Z_`e [b [ijhWj[]W FW‘b Lƒ# b[p" fk[i [ije de ^W \Wleh[Y_# Ze Wb [gk_fe d_ \kjXeb‡ij_YW" d_ Wd‡c_YWc[dj[$ ;d bei [djh[dWc_[djei Z[ bei kd_l[hi_jWh_ei i[ fh[# i[djWhed Wb]kdWi del[ZWZ[i Yece bW Yecfb_YWY_ÂŒd [d bW b[# i_ÂŒd Z[b fehj[he @kWd Ceb_dW" be gk[ b[ i_]d_Ă’ YÂŒ iWb_h Z[ bei [djh[dWc_[djei fWhW h[Y_X_h j[hWf_W$ 7i‡ jWcX_ƒd" [b Z[\[diW :_[]e =edp|b[p j_[d[ kdW b[i_ÂŒd [d [b jeX_bbe gk[ de b[ f[hc_j_h| [ijWh [b Z‡W Z[b Yb|# i_Ye" gk[ i[h| W Ă’ d[i Z[ c[i$
#$4#19.2ĹŠ / 1 ĹŠ ! 1;
1(23( -Ŋ .1 Ŋ8 Ŋ#-31#-¢Ŋ8Ŋ 42! Ŋ% - 12#Ŋ + Ŋ3(34+ 1(" "Ŋ#-Ŋ+ Ŋ#2!4 "1 Ŋ!#+#23#ē
ēŊ .2ĹŠ)4% ".1#2ĹŠ#23;-ĹŠ,.3(5 ".2ĹŠ+4#%.ĹŠ"#ĹŠ+ ĹŠĂŒ+3(, ĹŠ5(!3.1( ĹŠ. 3#-(" ĹŠ#-ĹŠ#+ĹŠ #++ 5(23 Ä“
BW i[cWdW Z[ [djh[dWc_[dje Z[ CWYWh| WhhWdYÂŒ Yed bW bb[]WZW Z[ h[\k[hpei" fh[l_e Wb [dYk[d# jhe Yed B_]W Z[ Fehjel_[`e" gk[ i[ h[Wb_pWh| [ij[ Zec_d]e (* Z[ `kb_e W bWi '(0&&" [d YedZ_Y_ÂŒd Z[ l_i_jWdj[$ ;b Wgk[he 9h_ij_Wd CehW" \k[ [b fh_c[he [d bb[]Wh Wo[h Wb 9ecfb[`e ĂˆBW Fhel_Z[dY_WÉ" ZedZ[ [djh[dW [b YbkX WcXWj[# ‹e" fWhW kd_hi[ W bei Y[b[ij[i$
7gk‡ CehW cWd_\[ijÂŒ gk[ Z[i[W WfehjWh Yed kd Ăˆ]hWde Z[ Wh[dWÉ fWhW [b WiY[die W bW i[h_[ Z[ fh_# l_b[]_e$ ;b ]kWhZWc[jW gk[ oW jhWXW`ÂŒ [d [b (&&) Yed [b ‡Zebe" [nfh[iÂŒ ik Wb[]h‡W Z[ lebl[h W bW Ăˆ9_kZWZ @WhZ‡dÉ" fk[i [d ik fWie feh [b Yed`kdje WZgk_h_ÂŒ ckY^W [nf[# h_[dY_W gk[ b[ i_hl_ÂŒ fWhW bb[]Wh W i[h fWhj[ Z[ bW i[b[YY_ÂŒd [YkW# jeh_WdW$
C_[djhWi jWdje Wb]kdWi de# l[ZWZ[i i[ fh[i[djWhed Z[djhe Z[ bei [djh[dWc_[djei" Yece bW b[i_Œd Z[ 9^Whb[i Lƒb[p o bW W\[YY_Œd _dj[ij_dWb Z[ 7k]kije Fehepe" feh be gk[ Z[X_[hed Wk# i[djWhi[ Z[ bW fh[fWhWY_Œd" gk[ [ij| W YWh]e Z[b jƒYd_Ye >ec[he C_ijhWb LWb[dY_W$ Feh ejhW fWhj[" i[ WdkdY_Œ gk[ ^eo bb[]Wh| [b i[]kdZe h[# \k[hpe gk[ CWYWh| XkiYW fWhW
eXj[d[h h[ikbjWZei fei_j_lei [d bW h[YjW Ă’ dWb Z[b YWcf[edWje Z[ bW i[h_[ 8$ I[ jhWjW Z[b lebWdj[ fWhW]kWoe @eiƒ 8kh]ei" [n `k]W# Zeh Z[b ?cXWXkhW$ ;d YkWdje W bW i_jkWY_ÂŒd Z[ @[hÂŒd_ce 9eijW" gk_[d jhWXW`ÂŒ Yed iki YecfW‹[hei" W‘d de YedeY[ h[ifk[ijW feh fWhj[ Z[ bei Z_h[Yj_lei cWYWh[‹ei" feh be gk[ f[hcWd[Y[ [d bei [djh[dW# c_[djei ^WijW dk[lW ehZ[d$
,/ 1 +#ĹŠ1. .ĹŠ ĹŠ5(5(#-" 2
4#%.ĹŠ"#ĹŠ$.19 1ĹŠ+ 2ĹŠ2#%41(" "#2ĹŠ"#ĹŠ+ ĹŠ/4#13 ĹŠ/.23#1(.1ĹŠ"#ĹŠ+ ĹŠ5(5(#-" ĹŠ4 (! " ĹŠ#-ĹŠ+ ĹŠ 5#-(" ĹŠ .2ĹŠ -! 2ĔŊ#-31#ĹŠ .13.5(#).ĹŠ 8ĹŠ .2ĹŠ ' 204(2ĔŊ"#+(-!4#-3#2ĹŠ2#ĹŠ1. 1.-ĹŠ4-ĹŠ3#+#5(2.1ĹŠĹŠ"#ŊĉĒŊ/4+% " 2ĔŊ4-ĹŠ ĔŊ4-ĹŠ,(-(!.,/.-#-3#ĹŠ8ŊĉÄ?ćŊ"¢+ 1#2ĹŠ#-ĹŠ #$#!3(5.Ä“ %#-3#2ĹŠ"#ĹŠ+ ĹŠ .+(!~ ĹŠ 4"(!( +ĔŊ++#% 1.-ĹŠ +ĹŠ+4% 1ĔŊ/ 1 ĹŠ1# +(9 1ĹŠ+ ĹŠ3., ĹŠ"#ĹŠ'4#++ 2ĹŠ" !3(+ 1#2ĹŠ8ĹŠ 42! 1ĹŠ/(23 2ĹŠ04#ĹŠ!.-"49Äą ! -ĹŠ' 23 ĹŠ#+ĹŠ/ 1 "#1.ĹŠ"#ĹŠ+.2ĹŠ' ,/.-#2Ä“
Ä ÄŠĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
&ŋ&# ),ŋ /&. , )ŋ.# ( ŋ 3 ŋ)., ŋ0v .#' ŋ'),. &
ēŊ Ŋ$ ,(+( Ŋ"#Ŋ+.2Ŋ".2Ŋ$ ++#!(".2Ŋ Ŋ! 42 Ŋ"#+Ŋ+(!.1Ŋ/("#-Ŋ04#Ŋ2#Ŋ' % Ŋ)423(!( Ŋ8Ŋ2#Ŋ2 -!(.-#Ŋ Ŋ+.2Ŋ!4+/ +#2ē
_XW W iWblWh" gk[ ik WcWZe [ijWXW \k[hW Z[ f[b_]he$ I_d [cXWh]e YWZW ^ehW gk[ fWiWXW l[‡W Yece ƒb [cf[ehWXW" Yed \k[hj[i Zebeh[i [ijecWYWb[i" lŒc_je" Z_Whh[W" Zebeh[i Z[ YW# X[pW" fƒhZ_ZW cec[dj|d[W Z[ bW l_i_Œd" \k[ [d [i[ cec[dje gk[ be _d]h[iWhed W bW K9?" fWhW ceh_h jh_ij[c[dj[ bW deY^[ Z[b Zec_d]e Wdj[h_eh$ 7][dj[i Z[ bW Feb_Y‡W @kZ_Y_Wb" bb[]Whed W bW Ceh]k[ Z[b >:7 fWhW h[Wb_pWh [b b[lWdjWc_[dje Z[b YWZ|l[h" c_[djhWi iki \Wc_# b_Wh[i i[ WY[hYWhed W bW <_iYWb‡W
fhel_dY_Wb" fWhW gk[ de i[ h[Wb_Y[ bW d[Yhefi_W Z[ b[o" WĂ’hcWdZe gk[ Æde [i `kije" i_ ik\h_ÂŒ Z[# cWi_WZe Wdj[i Z[ ceh_h" iWX_[d# Ze f[h\[YjWc[dj[ bWi YWkiWi" b[ gk_[hWd ĂˆWXh_hÉÇ$ :_`[hed jWcX_ƒd gk[ de Yk[djWd Yed [b Z_d[he ik# Ă’Y_[dj[ fWhW [b fW]e Z[b fheY[Z_# c_[dje" f[he Z[ jeZWi \ehcWi i[ be h[Wb_pÂŒ$ @Wpc_dW JkiW" [ifeiW Z[ B_iWd# Zhe B[ÂŒd" gk_[d \Wbb[Y_ÂŒ [b c_ƒhYe# b[i Wdj[h_eh W YWkiW Z[b Yedikce Z[ b_Yeh WZkbj[hWZe" f_Z_ÂŒ gk[ i[ _dl[ij_]k[ W \edZe o i[ iWdY_ed[ W bei YkbfWXb[i Z[ ik Zebeh$
42 ĹŠ"#ĹŠ,4#13# Ĺ—ĹŠĹŠ #%ĂŒ-ĹŠ#+ĹŠ"(1#!3.1ĹŠ"#+ĹŠ .2/(3 +ĹŠ .!#-3#ĹŠ , 3.ĔŊ 1 -*+(-ĹŠ 2!. 1ĔŊ + 2ĹŠ! 42 2ĹŠ"#ĹŠ+ ĹŠ,4#13#ĹŠ"#ĹŠ (2 -"1.ĹŠ
#¢-ĔŊ#+ĹŠ, 13#2ĹŠ -3#1(.1ĹŠ8ĹŠ"#ĹŠ #"1.ĹŠ ' !' ĔŊ ĂŒ-ĹŠ-.ĹŠ2#ĹŠ' -ĹŠ"#3#1,(- ".ĹŠ /.1ĹŠ!.,/+#3.Ä“ (-ĹŠ#, 1%.ĹŠ2#ĹŠ/1#24,#ĹŠ04#ĹŠ#2ĹŠ/.1ĹŠ + ĹŠ,#9!+ ĹŠ"#ĹŠ#3 -.+ĹŠ!.-ĹŠ,#3 -.+ĔŊ#-ĹŠ + ĹŠ$ 1(! !(¢-ĹŠ"#ĹŠ+(!.1#2ĹŠ 13#2 - Äą +#2ĹŠ04#ĹŠ-.ĹŠ!4#-3 -ĹŠ!.-ĹŠ1#%(231.ĹŠ 2 -(3 1(.Ä“
*./, (Ĺ‹ Ĺ‹* ,/ ()-Ĺ‹ Ĺ‹- &0šŋ -. ), -Ĺ‹ (Ĺ‹ &#& ) Ĺ‹'),#,Ĺ‹ (Ĺ‹ ")+/ 7h]kc[djWdZe gk[ i[ ]WdWhed [b Fepe C_bbedWh_e" gk[ b[i WokZ[ W Z[j[hc_dWh Z_h[YY_ed[i" _dYbkie gk[ i[ b[i ^WX‡W YW‡Ze Z_d[he" bei f[hkWdei ?iWWY B[l_ FWh[Z[i" B[# [dh 7b\h[Ze 9hkp o M_bied CWh# Yei CWh_‹ei `kdje Wb [YkWjeh_Wde Bk_i 7djed_e Gk_WdY^W" \k[hed Z[j[d_Zei Wo[h W bWi &.0'+ [d F[# b_b[e" WYkiWZei Z[ [ijW\Wh W lWh_Wi f[hiedWi Yed [b cƒjeZe Z[b ĂˆfW# gk[jWpeÉ$ ;ijei Y_kZWZWdei i[ jhWdifeh# jWXWd W XehZe Z[ bW YWc_ed[jW he`W Yed fbWYW F?I#',,1 i[]‘d [b _d\eh# c[ feb_Y_Wb" [bbei ^WX‡Wd i[]k_Ze [ _dj_c_ZWZe W @eh][ D$" fWhW ik# fk[ijWc[dj[ heXWhb[ + c_b ZÂŒbWh[i gk[ _XW W Z[fei_jWh [d kdW W][dY_W Z[ kd h[YedeY_Ze XWdYe$ ;b W\[YjWZe Wb l[hi[ WYehhWbWZe" _d\ehcÂŒ W bW Feb_Y‡W" gk_[d[i eh# ]Wd_pWhed kd l[bep ef[hWj_le Z[
,/14"#-!( Ŋ ! 42¢Ŋ!'.04#
Ĺ—ĹŠ ĹŠĹŠBW YWc_ed[jW d[]hW i_d fbW# YW" YedZkY_ZW feh @e[b D$" \k[
2ĹŠ(-5#23(% !(.Äą -#2ĹŠ!.-3(-ĂŒ -ĹŠ ĹŠ ă-ĹŠ"#ĹŠ04#ĹŠ2#ĹŠ 2 -!(.-#-ĹŠ ĹŠ+.2ĹŠ 1#2/.-2 +#2Ä“ Æ>WijW [b ‘bj_ce dei f[Z‡Wd h[# Y[jWi" cWd_\[ijWdZe gk[ [i fWhW iWblWh bW l_ZW Z[ c_ [ifeie" h[# Yk[hZe gk[ [b ]Wije Ă’dWb [d c[# Z_Y_dW \k[ Z[ /+ ZÂŒbWh[i1 de fWiÂŒ c[Z_W ^ehW o dei Wl_iWhed gk[ c_ [ifeie" F[Zhe I[]kdZe 9^W# Y^W JkiW" Z[ *+ W‹ei" \Wbb[Y_ÂŒĂ‡ [ijWi \k[hed bWi fWbWXhWi gk[ C[hY[Z[i :‡Wp" l_kZW Z[ 9^WY^W" cWd_\[ijÂŒ bk[]e Z[ [dj[hWhi[ Z[ bW ck[hj[ Z[ ik WcWZe [b Zec_d# ]e Wdj[h_eh W bWi (&0*+$ 9^WY^W \k[ _d]h[iWZe [b c_ƒh# Yeb[i Wdj[h_eh W bW Kd_ZWZ Z[ 9k_# ZWZei ?dj[di_lei K9? " Z[b >ei# f_jWb :eY[dj[ 7cXWje >:7 " feh _d][h_h b_Yeh WfWh[dj[c[dj[ WZkbj[hWZe [d bW Ă’[ijW Z[ ik ^_`e @^edWjWd" Wb _dj[h_eh Z[ ik fhef_W l_l_[dZW$ :e‹W C[hY[Z[i" gk_[d de fW# hWXW Z[ bbehWh o YbWcWh feh gk[ bWi Wkjeh_ZWZ[i [dYk[djh[d Wb YkbfWXb[ gk[ b[i l[dZ_ÂŒ [i[ b_Yeh$ 7i[]khÂŒ gk[ bei ]Wb[dei Z[iZ[ [b fh_c[h cec[dje gk[ i[ WY[hYÂŒ W bW YWiW Z[ iWbkZ" b[ Z_`[hed gk[ i[
Ä Äƒ
ēŊ .2Ŋ"#3#-(".2Ŋ1(-"(#1.-Ŋ 242Ŋ5#12(.-#2Ŋ#-Ŋ+ Ŋ 4 )#$ 341 Ŋ"#Ŋ #+(+#.ē
X‘igk[ZW o YWfjkhW" be]hWdZe _dj[hY[fjWh W [ijei j_fei [d bW l‡W F[b_b[e#8W‹ei" Y[hYW Z[ bWi YWhheY[h‡Wi F_bbWfW" feYei c_# dkjei Z[ifkƒi$ 7f[dWi i[ YedeY_Œ ieXh[ ik YWfjkhW" =_ii[bW <[hdWdZW D$" `kdje Yed D[bbo D$" o L‡Yjeh D$" YebeYWhed bW Z[dkdY_W Wdj[ bW <_iYWb‡W" Wi[l[hWdZe gk[ [bbei jWcX_ƒd \k[hed l‡Yj_cWi$
9h_ij_dW D$" gk_[d YedZkY‡W [b WkjecŒl_b Yed fbWYW J:L#()," c_bW]heiWc[dj[ i[ iWblŒ Z[ ce# h_h" Wb _hi[ XW`e [b jhW_b[h Yed fbW# YW N8B#--+ gk[ YedZkY‡W Bk_i D$" [d bW l‡W W F‡bbWhe" Wo[h W bWi ''0+&$ I[]‘d bei j[ij_]ei Z[b ^[Y^e" [b jhW_b[h [ijWXW YhkpWdZe Yed Z_h[YY_Œd W F‡bbWhe o Z[ fhedje [b WkjecŒl_b gk[ l_W`WXW W WbjW l[beY_ZWZ feh kdW _dj[hi[YY_Œd" i[ _dYhkijŒ Y[hYW Z[ bWi bbWdjWi feij[h_eh[i Z[b f[iWZe l[^‡Ykbe" [d ZedZ[ \k[ WhhWijhWZe Y[hYW Z[ '& c[jhei fWhW j[hc_dWh Y^eYW# Ze YedjhW kdW ^kc_bZ[ l_l_[dZW Z[b i[Yjeh$ 9h_ij_dW" gk_[d l_W`WXW Yed [b Y_djkhŒd Z[ i[]kh_ZWZ" \k[ jhWi#
_cfWYjWZW Z[ \ehcW bWj[hWb feh bW YWc_ed[jW l[hZ[ i_d fbWYW" Z[ CWdk[b D$" [d bW l‡W W F‡bbWhe" Wo[h W bWi '+0*&$ I[]‘d bW l[hi_Œd Z[ bei j[ij_# ]ei Z[b WYY_Z[dj[" bW YWc_ed[# jW d[]hW i[ ^WXh‡W Z[j[d_Ze [d bW c_jWZ Z[b YhkY[ Z[ bW l‡W o bW ejhW YWc_ed[jW gk[ Y_hYk# bWXW W kdW l[beY_ZWZ fhedkd# Y_WZW" bW Y^eYŒ XhkiYWc[dj[ [dl_|dZebW YedjhW bW fk[hjW Z[ kdW l_l_[dZW Z[b i[Yjeh$ 7 YWkiW Z[ [ij[ WYY_Z[dj[" Zei f[hiedWi h[ikbjWhed ^[h_ZWi" c_icWi gk[ \k[hed bb[lWZWi Wb >eif_jWb :eY[dj[ 7cXWje" fWhW gk[ h[Y_XWd Wj[dY_Œd cƒZ_YW$ C_[djhWi bei Zei Wkjecejeh[i \k[hed jhWibWZWZei Wb fWj_e Z[ h[j[dY_Œd Z[ ?pWcXW$
7(2ĹŠ!'.! 1.-ĹŠ
Ĺ—ĹŠ ĹŠĹŠCWdk[b 9Wij_bbe" YedZkYjeh Z[b jWn_ Yed fbWYW J7L#+&," \k[ _cfWYjWZe feh [b jWn_ Z[ :Wd_[b Ehj_p Yed fbWYW J7J# -.( [d bW _dj[hi[YY_ÂŒd Z[ bWi YWbb[i IkYh[ o BWbWcW" Wo[h W bWi &.0+&$ FheZkYje Z[b WYY_Z[dj[" [b l[^‡Ykbe Z[ 9Wij_bbe i[ [ijh[bbÂŒ YedjhW kdW l_l_[dZW Z[b bk]Wh1 \[b_pc[dj[ d_d]kdW f[hiedW h[ikbjÂŒ ^[h_ZW" f[he bWi Zei kd_ZWZ[i gk[ZWhed Yed ZW‹ei cWj[h_Wb[i Z[ Yedi_Z[hWY_ÂŒd" o \k[hed jhWibWZWZWi Wb fWj_e Z[ h[j[dY_ÂŒd Z[ ?pWcXW$
(.+ 1.-ĹŠ ĹŠ4- ĹŠ-( Ŋ"#ĹŠÄˆÄŠĹŠ  .2
Ĺ—ĹŠ ĹŠĹŠBk_i ;ZkWhZe D$" Z[ (( W‹ei$" \k[ Z[j[d_Ze feh bW Â&#x; ēŊ ĹŠ! 11.!#1~ ĹŠ"#+ĹŠ 43.,¢5(+ĹŠ 04#"¢Ŋ"#2314(" ĹŠ ĹŠ! 42 ĹŠ"#+ĹŠ !!("#-3#ĹŠ
bWZWZW Wb >eif_jWb :eY[dj[ 7c# XWje" oW gk[ fh[i[djWXW b[l[i Yehj[i [d bWi cWdei$ <[b_pc[dj[ [ij| \k[hW Z[ f[b_]he1 c_[djhWi gk[ bei Wkjecejeh[i \k[hed bb[# lWZei Wb fWj_e Z[ h[j[dY_ÂŒd Z[ ?pWcXW$
Feb_Y‡W" WYkiWZe Z[ ^WX[h WXkiWZe i[nkWbc[dj[ Z[ @ƒii_YW C$" Z[ ') W‹ei" [d [b i[Yjeh Z[ >kWY^_ IWd <hWdY_i# Ye" [b Zec_d]e Wdj[h_eh W bWi ''0&&$ BW WkZ_[dY_W Z[ \ehckbWY_Œd Z[ YWh]ei Z[j[hc_dŒ ik fh_# i_Œd fh[l[dj_lW" bk[]e Z[ Ye# deY[h bW l[hi_Œd Z[ bW W\[YjWZW o bei [n|c[d[i cƒZ_Yei gk[ ZWd Yk[djW Z[ kdW l_ebWY_Œd$
āą
ŏāĊŏ ŏŏ ŏ ŏĂĀāā
ŏ +. ŏ
āą
8KI9E ;CFB;E
GIF=<JFI<J
-"8ũ . (-2.-ēũ -%+_2ēćĒĒĐćĒćĊĒ
1.$#2.1ũ
1.$#2.1 ũ 154+ 1( ēũ -$ēũ ćĒđĊĐĊćČďũ ĵũ ćĒĉĎćĈĊďĐũĵũĉĐďĉďĈĈēũ 154+ 1( ēũ -$ēũćđČČČćĒĊđ 1.$#2.1 ũ "#ũ (-%+#2ũ IJũ -(5#+ !(¢-ũ !#+4+ 1Ėũ ćđĐĉĎČđđđ !.-.,(23 ũĵũ/1.$#2.1ēũ -$ēũćđČďćĊĊđĉ 1.$#2.1 ũ 154+ 1( ēũ -$ēũ ćĒĎđĊĎĈĒĊũ ĵũ ćĒđĉĈĒĎČČũ 154+ 1( ēũ -$ēũĉđĎĈČĐĉũĵũćđĐđĈďĊĈĊ
:FEK8;FI<J 47(+( 1ũ "#ũ .-3 (+(" "ēũ -$ēũ ĉČĈĉČđĉũ ĵũ ćđČĉďĈđĒĎũ 4"(3.1ũ !.-ũ ,/+( ũ #7/#1(#-!( ēũ -$ēũ ĉČĈĐĈĉĎũĵũćĒĉĒĊĐČČČũ -%#-(#1 ũ #-ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũĉĎĉćĉĈćũĵũćĒĉĐĉćĉČĒ .-3 ".1 ũ ũ!.-ũ#7/#1(#-!( ũ"#!+ 1 ı !(.-#2ũ ũ -$ēĖũćđĐĊćđĉĊĐ -%#-(#1 ũ #-ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ ē ē ēũ -$ēũćĒđĉĉĐĊĈđũĵũćĊĉđČđĐđČ .-3 ".1 ũ !'(++#1ēũ -$ēũćđČćĊĒđđĉ !3 5.ũ2#,#231#ũ"#ũ -%#-(#1~ ũ#-ũ .-ı 3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũ ĉĐĎČĊČćũ ĵũ ćđĊČććďćĐ %1#2 ".ũ "#ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũĉđĉĒČćĈĵćđĐĒđďĒďĉ .-3 ".1 ēũ -$ēũćđĐććđďĐďũ -%#-(#1 ũ #-ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũćĒććđĐĒďĎũ %1#2 " ũ "#ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũĉČĈĈĐĉĈũĵũćĒĎĉĎććĎć .-3 ".1 ēũ -$ēũĉČĉĎĒďćũĵũćĒĎČćĊĈĎđ -%#-(#1 ũ"#ũ ,/1#2 2ēũ .-3 ".1 ēũ -$ēũ ĉČĎććČĐũĵũćĒĐĒČććĉđũ %1#2 " ũ "#ũ ",(-(231 !(¢-ēũ .-3 ".ı 1 ēũ -$ēũĉČĈĎďĒďũĵũćĒĒĐĐĎđĐď .-3 ".1 ēũ ćĒđĎĒďćĒď
-$ēũ
ĉČĉďđĊđũ
ĵũ
89F>8;FJ 234"( -3#ũ "#ũ 41(2/14"#-!( Ĕũ 2_/3(,.ũ 2#,#231#ēũ -$ēũćđćĐČďĒďĈ .% ".ēũ 2/#!( +(23 ũ#-ũ #1#!'.ũ #- +ũ 8ũ 1(,(-.+.%~ ēũ -$ēũćđČĊĎďĐĊĐũ .-2.1!(.ũ 41~"(!.ũ -#!#2(3 ũ ĉũ 2# .ı 1(3 2ũ .% " 2ēũ -ũ ).5#-ũ !.-ũ 5#'~!4+.ũ /1./(.ēũ - ũ 2#!1#3 1( ēũ -$ēũ ćđČĐČďďũ ĵũ ćĒĒćĊĊđĉĎũ .% " ēũ -$ēũĉČĈĊďĈĒũĵũćĒđĊĒČđČďũ %1#2 " ũ "#ũ #1#!'.ũ !.-ũ #7/#1(#-!( ũ #-ũ!.-3 (+(" "ēũ -$ēũćđĐıĉĒĐĉĐĊũĵũćĒďı ĊĒĈĈĒć
2(!¢+.% ũ -"4231( +ēũũ -$ēũćĒĎČĉĉĈĊĊ
-%#-(#1.ũ #-ũ ,/1#2 2ēũ -$ēũ ĉČĈĎĊĒćũ ĵũ ćđćďĈĈćĒć
4(" ".ũ "#ũ -!( -.2ũ 8ũ -( .2ēũ -$ēũ ĉČĉĊĎćĊũ
-%#-(#1.ũ .,#1!( +ı '.$#1ũ /1.$#2(.- +ēũ -$ēũćđČČĈČđĎć
4(" ".ũ "#ũ -( .2Ĕũ "4+3.2ũ , 8.1#2Ĕũ #-$#1,.2ũ #+$ēũćđĐĊĒđđĊČ
-%#-(#1.ũ +#!31¢-(!.ũ #-ũ .-31.+ũ "#ũ #"#2ũ -"4231( +#2ũ %1 "4 ".ũ #-ũ + ũ .+(ı 3_!-(! ũ"#ũ '(, .1 9.ēũ -$ēũćĒĒĐĐĐĊĐĊũ ĵũćđĐĒČĒĐČđũĵũĉđĐĊďĒĊ
-%#-(#1 ũ #-ũ #23(¢-ũ (- -!(#1 ēũ -$ēũ ćĒĎĐĈČĒđďũĵũĉČĎććĎć
(,/(#9 ũ "#ũ ! 2 Ĕũ .$(!(- 2ēũ -$ēũ ćđďĐďďĐĈćũĵũĉČĈĎČĎĊũ
-%#-(#1 ũ .,#1!( +Ėũ -$ēũũĉđćĎČĎĈ
,/+# " ũ".,_23(! ũćĒđđĒČďćĐ
-%#-(#1 ũ#-ũ ",(-(231 !(¢-ũ#-ũ ,/1#ı 2 2ũ 41~23(! 2ēĖũ -$ēĖũćĒĉđĉďĒĒć
-%#-(#1.ũ #-ũ "(2# .ũ -"4231( +ēũ (-$.1,#2ũ ĉČĈĉĈĈđĵćđĐćĉĎćĎĒ
4#' !#1#2ũ ".,_23(!.2ēũ -$ēũ ĉČĈďĉĉďũ ĵũćđĊĈďĉđćĊ
-%#-(#1.ũ!.,#1!( +Ĕũ,#-!(¢-ũ .,#1!(.ũ 73#1(.1ēũ -$ēĖũ ĉĎĉĉđĎĒũ IJũ ćĒĉĒďďĉĐďũ ıũćĒĎĐďđĒĉĐ
-%#-(#1 ũ #-ũ $(- -9 2ēũ ĉđĐČĉćĈĵćđĐđĈďĎĉĉ
4(" ".ũ ũ/#12.- 2ũ"#ũ+ ũ3#1!#1 ũ#" "ũ -$ēĖũćĒĎĊććďČĊũıũĉČĈďĈĎĈ
2(!¢+.% ũ -"4231( +ēũ -$ēũ ĉČĉĈĊČĈũ ĵũ ćđČďĈĎĊďćũ
@E><E@<IFJ
%1#2 " ũ"#ũ -%#-(#1~ ũ (.04~,(! ũ #+$ēĖũ ćđČććđĊĉĉ -%#-(#1 ũ -"4231( +ũ #-ũ 1.!#2.2ũ "#ũ 43., 3(9 !(¢-ēũ -$ēũ ĉđĉČđďĊıũ ćđČĉđđďĊĊ -%#-(#1 ũ #-ũ 1*#3(-%ēũ -$ēũ ĉČĈĈďČĊũ ĵũ ćĒđđĉććĉć -%#-(#1 ũ#-ũ 1% -(9 !(¢-ũ"#ũ ,/1#2 2ēũ -$ĖũćđĐĊđĐĒĐďē -%#-(#1.ũ !.-ũ #7/#1(#-!( ũ #-ũ , -3#ı -(,(#-3.ũ "#ũ !#-31.ũ "#ũ !.,/43.ēũ -$ēũũ ćđĊĉĒĉđďČũ -%#-(#1.ũ #-ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũĉđĎĊĐĊĒũĵũćđČďćĐđĈďũ -%#-(#1.ũ -"4231( +ũ #-ũ 1.!#2.2ũ "#ũ 43., 3(9 !(¢-ēũ -$ēũ ćĊıũ ĉĐČďıćĐČũ ĵũ ćđĊĉĒĉđďČ
-%#-(#1 ũ .,#1!( +ēũ -$ćđĐđĊĈĊđĒ %1#2 ".ũ"#ũ -%#-(#1~ ũ#-ũ +(,#-3.2ēũ -$ēũ ćĒđĊćđĒĈďũ -%#-(#1 ũ#-ũ ,/1#2 2ēũ -$ēũćđĐĒđĉĐĊĐũ -%#-(#1.ũ !.,#1!( +ēũ ĉČĎĉĒĎćũ ĵũ ćĒĎĒđĉĒĒĒ ũ -%#-(#1.ũ"#ũ ,/1#2 2ēũ -$ēũĉČČĉĉĐďũĵũ ćđĊĉĒĒĐĉĐ -%#-(#1.ũ #-ũ (23#, 2Ĕũ #+#!31¢-(! ũ #ũ (-"4231( +ēũ -$ēũćĊĉĉĐďĈĉĈũIJũćĒđĈĉĊĊĉĈ %1#2 ".ũ "#ũ -%#-(#1~ ũ +#!31¢-(! ũ #-ũ .,4-(! !(.-#2ēũ -$ēũ ĉđĉĎďĐĈũ ĵũ ćđČĐđĎćĐĎũ -%#-(#1 ũ .,#1!( +ēũ -$ēũ ĉđČďćĉČũ ĵũ ćĒďđćĉĐďĈ %1#2 ".ũ "#ũ -%#-(#1~ ũ +#!31¢-(! ũ #-ũ .,4-(! !(.-#2ēũ -$ēũ ĉđĉĎďĐĈũ ĵũ ćđČĐđĎćĐĎũ
-%ēũ #!;-(!.ēũ 2/#!( +(9 ".ũ#-ũ ",(-(2ı 31 !(¢-ũ"#ũ 1."4!!(¢-Ĕũēũ + , 1ũ +ũĉČĎĈĈĊČũ ĵũćĒĎđĎĎĐĈĉ
2(!¢+.%.ēũ -$ēũćđĐďĒĎďČĊ
-%#-(#1.ũ#-ũ (23#, 2ēũ -$.1,#2ĖũĉČĎĉĐĎĎũ ĵũćđĐČĒĊĉČĉ
.2#.ũ#234"(.2ũĸĒũ2#,#231#2Ĺũ#-ũ 2(!.+.ı %~ ũ +~-(! ēũ -$ēũćđĐďĒĎďČĊũ
-%#-(#1.ũ #-ũ +(,#-3.2ēũ -$.1,#2Ėũ ćĒđĈĐĊđĐĉ
2(!¢+.% ũ +~-(! ēũ -$ēũ ĉČĐďĈĎĎũ ĵũ ćĒĈďĈĈĎćĎũ
-%#-(#1.ũ #-ũ (23#, 2ēũ -$ēũ ĉđĎĊĒĉĊũ ĵũ ćĒđĎďČđČĈ
2(!¢+.%.ũ -"4231( +ēũ -$ēũćđĐČČďĎĒĊũ
-%#-(#1 ũ #-ũ #23(¢-ũ (- -!(#1 ēũ -$ēũ ĉČĎććĎćũĵũćĒĎĐĈČĒđď
2(!.+.%~ ēũ
-$ēũ
2(!¢+.% ũ -"4231( +ēũ -$ēũ ĉČĈĈČďćũ ĵũ ćđČĈĐĈďĒĐ
-%#-(#1 ũ #-ũ #23(¢-ũ (- -!(#1 ēũ -$ēũ ćđĐđĈďĎĉĉ -%#-(#1.ũ .,#1!( +ēũ -$ēũ ĉČĎĉĒĎćũ ĵũ ćĒĎĒđĊćć
:?F=<I<J
.5#-ũ !.-ũ +(!#-!( ũ 2/.13, -ēũ -$ēũ ćđČĊĊĈďĐĉũ.ũĉČĈďĉĉď '.$#1ũ /1.$#2(.- +ũ 42! ũ 31 ).ũ !.-ũ +(!#-!( ũ 3(/.ũ ġ Ģũ -$ēĖũ ćđćĐďćĒČČũ IJũćđćĐďćĒČČũıũćĒĒĎĉĈđĒĐ
-%#-(#1 ũ#-ũ +(,#-3.2ēũ -$ēũćđćĐĎĎĉĎČ ũ ēũ ēũ ēũ ćđČĎĈĊĐćĉũĵũĉđĉĐČČĉ
'.$#1ũ /1.$#2(.- +Ĕũ +(!#-!( ũ 3(/.ũ ēũ -$ēũ ćĒĉČćĉĎĈĎ
8;D@E@JKI8K@MFJ %1#2 ".ũ"#ũ ",(-(231 !(¢-ũ"#ũ ,/1#ı 2 2ēũ -$ēũćĒČđĎđĈĎĎēũ
'.$#1ũ /.13, -ũ 3(/.ũ ġ ĢĖũ (-$ēũ ćđĈĐĈĒďĉđũ
#!1#3 1( ũ )#!43(5 ēũ -$ēũ đĊĉČĊĊđČũ
'.$#1ũ /1.$#2(.- +Ĕũ ! 3#%.1~ ũ ēũ -$ēũ ćđĐĊČĐČĎĉ
",(-(231 ".1 ũ ũ "#ũ ,/1#2 2ēũ -$ēũ ĉČĉĊđĉĉĐĵćđĊĈĒĎĊĈĒ
'.$#1ũ !.-ũ (!#-!( ũ #+ēćđďĒđĐďČď
#!1#3 1( ēũ -$ēũćĒĎćĉđĐĉĊ
'.$#1ũ /.1, -ũ ũ 42!.ũ ,/+#.ũ -$ēĖũ ćĊĉũđČćĉćĊ
47(+( 1ũ ",(-(231 3(5 Ĕũ 5#-3 2Ĕũ 3#-ı !(¢-ũ +ũ !+(#-3#ēũ -$ēũ ćđČĐČČĐćČũ ĵũ ćđĊĈđĐđČĊũ #!1#3 1( ũ #!#/!(.-(23 ēũ 47(+( 1ũ !.-ı 3 +#ēũ -$ēũćđČĎďďĈĒďũ
<:FEFD@JK8J !.-.,(23 ēũ -$ēũćđČČĒĊĒćĈũĵũĉĎĉĈđČć %1#2 " ũ #-ũ -! ũ 8ũ (- -9 2ēũ -$ēũ ćĒĉĎĐććĈČ
<DGC<F ;FD<JK@:F ,/+# " ũ".,_23(! ũ -$ēũćđĊďČĐĒćĒ #!-¢+.%.ũ#-ũ (23#, 2ēũ 1.$#2.1ũ"#ũ, 3#ı ,;3(! 2Ĕũ(-$.1,;3(! Ĕũ)#$#ũ"#ũ ."#% ēũ -$ēũ ćĒĎĊĉČĐĉďũ 4(" ".ũ ũ /#12.- 2ũ "#ũ + ũ Ċ1 ũ " "ũ ĉČĈďĈĎĈũıũćĒĎĊććďČĊ 4(" ".ũ "#ũ /#12.- 2ũ -!( - 2ũ -$ēĖũ ĉČĈďĉĉďũıũćđČũĊĊĈďĐĉ
(/.ũ
ũ
'.$#1ũ/1.$#2(.- +ēũ(/.ũ ũũ!.-ũ! ,(¢-ũ"#ũ Ďũ3.-#+ " 2ē -$ĖũćĒĐĈĊĉďĈČ '.$#1ũ /1.$#2(.- +ēũ (/.ũ ũ -$.1,#2Ėũ ĉČĉĉĒĐćĵćđĐĊČĉĈĐď '.$#1ũ/1.$#2(.- +Ėũ -$.1,#2ĖũĉČĉĐĎĊđ '.$#1ũ/1.$#2(.- +ũĵũ #%41(" "ũ -"4231( +Ėũ -$ēĖũćĊĉđĎĈđďđıćĒĉĎĒćĈđđ '.$#1ũ /1.$#2(.- +ēũ ćĒĎĎćďďĐđ
ĉđĎďČćĒũ
'.$#1ũ /1.$#2(.- +ũ ĵũ 1# +(9.ũ 5( )#2ũ !.-ũ 5#'~!4+.ũ/1./(.ēũ -$ēũćđĊĈĈĐćĊĉ #231.ũ #+#!31.,#!;-(!.ēũ .+" "41 ũ "#ũ 34 #1~ 2ũ ũ /1#2(¢-ēũ -$ēũ ũ ćĒĊćĎĊĈĒĉũ ĵũ ćđĈđĒĉĒĉďũ
M8I@FJ
#!#2(3.ũ#,/+#.ũ (!#-!( ũ (/.ũĸ Ĺũ8ũĸ Ĺũ ćĒĐćĈĒĊĈđ
/ !(3 ".1ũ #-ũ ",(-(231 !(¢-ũ Ì +(! ēũ -$ēũćĒČĎĊćČćđ
-%#-(#1 ũ"#ũ ,/1#2 2ēũ -$ēũ #+$ēũćđďđĊĈĎĒũ ĵũćĒĈććďďĉď
"#ũ
-%#-(#1 ũ #-ũ ",(-(231 !(¢-ũ "#ũ ,/1#ı 2 2ēũ -$ēũćđĐĈđĈČĐĒ
-%#-(#1 ũ .,#1!( +ũ !.-ũ #7/#1(#-ı !( ũ #-ũ !. 1 -9 2ēũ -$ēũ ćđČĎćĊďđČũ ĵũ ćđĐČćĐĈćČũ
%1#2 ".ũ "#ũ 41(2/14"#-!( ēũ -$ēũ ćđĐďĒĎďČĊũ
234"( -3#ũ ćĒđććĒĈĎď
-%#-(#1 ũ#-ũ 1% -(9 !(¢-ũ"#ũ ,/1#2 2ēũ -$ēũĉČČĎĊĎĎ
%1#2 " ũ (#-!( 2ũ ",(-(231 3(5 2ēũ -$ēũ ćđĊĉďČćĉć
234"( -3#ũ #ũ #1#!'.ēũ -$ēũćĒĒćĎĊĊđĐ
2(!¢+.%.ũ -"4231( +ēũ -$.1,#2Ėũ ĉđČďĈđČũ ĵũćĒĉĐđĊĉĎČ
-%#-(#1 ũ#-ũ .-3 (+(" "ũ8ũ 4"(3.1~ ēũ -$ēũ ćĒđĎĒĐĈđď
-%ēũ #-ũ (23#, 2ēũ #+ũ ćđĈćĈĎđĊďĵũ ĉČĈďĈĐĉ
-%#-(#1.ũ #-ũ #1! ".3#!-( ēũ -$ēũ #+$ēũ ĉđĎĒĊĒĈũĵũćĒČČćĎđČČũĵũćđĐđĈĐĉđĉ
GJ@:FCF>FJ
(-$.1,#2ũ
+#!31(!(23 ēũ -$ēũćĒĉĎđćĊćĒũ
ĵũ
'.$#1ũ /1.$#2(.- +Ĕũ +(!#-!( ũ 3(/.ũ ġ Ģēũ #-%.ũ ! ,(¢-ēũ 3#+_$.-.Ėũ ćĒĒĉćĊĐĎđũ ıũ ĉĎĉĉđĊđ '.$#1ũ /1.$#2(.- +ēũ -$ēũ ćĊĉũ ČĈĉĊćđũ ĵũ ćđČĈČđđđĊ '.$#1ũ /1.$#2(.- +ēũ -$ēĖũ ćđĉćČđĐĊĉũũ ĸćĊĹĉČĈĊČĉĊũ '.$#1ũ /1.$#2(.- +Ĕũ ũ !.-ũ ! ,(¢-ũ ćđĒćĎĎđćČ '.$#1ũ /1.$#2(.- +Ĕũ ! 3#%.1~ ũ ēũ -$ēũ ćĒđćĐćĉČČũ
.5#-ũ!4(" ".ũ"#ũ-( .2Ĕũ/#12.- 2ũ, 8.ı 1#2ũ.ũ 11#%+.ũ"#ũ! 2 ēũ -$ēũćđĊĈďĉđćĊ #!;-(!.ũ! +($(! ".Ĕũũ,4!' ũ#7/#1(#-ı !( ēũ -$ēũćĒĊĐĊďććĉũ $1#9!.ũ 2#15(!(.ũ "#ũ 31 -2/.13#ũ (3 1 ũ ĉćĈĈũ ēĖũćđĐĊćđĉĊĐ !'(++#1ũ#-ũ .-3 (+(" "ēũ -$ēũĉČĉďďćĐũ ĵũćđĊĉĒĒĊďĊũ 3#-!(¢-ũ 4 +(!.ũ #-ũ #-#1 +ũ 2#ũ 1# +(9 ũ , 2 )#2ũ #"4!3.1#2ũIJũ #+ ) !(¢-ũ8ũ.31.2ũ !.-ũ "#1.3#1 /( ũ(-3#1#2 ".2ũ!.,4-(ı ! 12#ũ +ũ #+$ēĖũćĒĎĊĐćĎĊď
1#-2(23 Ĕũ#7/#1(#-!( ũ#-ũ(,/1#-3 2ēũ -$ēũ ćĒĒĒďČđĈďũĵũĉđĉĉďĐĒũ -$#1,#1 ēũ ćđČĎČĐČĈĒ
-$ēũ
ćĒĐĎďĉĎĒćũ
ĵũ
ũ #-2 )#1.ũ .3.1(23 ēũ -$ēũĉČĈĒĉĊĐ ũ #!#/!(.-(23 ũĵũ 2(23#-3#ũ .-3 +#ēũ -$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 -$ēũ ćđČćĈĐČďĒ ..1"(- ".1 ũ ćĊĉĉĐČćđĈĐ
"#ũ
5#-3.2ēũ
-$ēũ
ũ _!-(! ũ 4/#1(.1ũ #-ũ .,/43 !(¢-ũ #ũ (-$.1,;3(! ēũ -$ēũćđćĊĎďĉĎĐ
#15(!(.ũ +ũ !+(#-3#Ĕũ 1#!#/!(.-(23 ēũ -$ēũ ćĒćČćĈĐĉđũĵũćđĐĒďćĊďČ
#!1#3 1( ũ )#!43(5 ũ (+(-%Õ#ēũ -$ēũ ćđĒĐđĈćđć
-2314!3.1 ũ"#ũ ¢"4+.2ũ8ũ #,(- 1(.2ũ"#ũ 1.8#!3.2ēũ -$ēũĉČćĈĊććĵũćđĐĉĐĉĒďČ
47(+( 1ũ "#ũ .$(!(- ũ ĵũ ,#-2 )#1.ēũ -$ēũ ćđĐĎĎĉĊďĈ
234"( -3#ũ"#ũ !.-.,~ Ĕũ 4(-3.ũ #,#2ı 31#ēũ -$ēĖũĉČĉĈćđĒũIJũćĒĉĎĒďćĈĎ
.-2#)#1~ ũ ~ +(! ũ #1 /_43(! ũ #+$ēĖũ ĉđĉĈĊĐĊũıũćĒđĎČďĎđĐ
4 1(! ".1 ũ 8ũ + 5 ".1 ũ "#ũ 43.2ũ -#!#ı 2(3 ũ /#12.- ũ !.-ũ #7/#1(#-!( ũ #-ũ + 5 ı ".ũ "#ũ 43.2ũ 8ũ ! , (.ũ "#ũ !#(3#2ēũ -$ēũ ćĒĎđĐđĎĉĊũĵũĉđĉđĒćČ
.,4-(! !(¢-ũ .!( +ēũ -$ēũĉđĉďĒĉĉ
#!1#3 1( ũ )#!43(5 ēĖũ -$ēũĉđČĉĎČČ #!1#3 1( ēũ -$ēũĉđČĉćĎĐũĵũćĒĉđćĊĉĈć #!#/!(.-(23 ēũ -$ēũćđĈđČĎĈČđ .2.ũ#-ũ.5#1+.!*Ĕũ1#!3 Ĕũ1#!4 1(".1 ũũ#-ũ ! 2 ēũ -$ēĖũćđđĈĊČĈĈď #!1#3 1( Ĕũ5#-"#".1 Ĕũ 2(23#-3#ũ"#ũ!.-ı 3 (+(" "ēũ -$ēũćđĐđĈďďĉĉũĵũĉđĉćďĎČũ
234"( -3#ũ"#ũ"(2# .ēũ -$ēũćđČďđĉĉćĉ .,4-(! !(¢-ũ .!( +ēũ 1."4!!(¢-ũ 1 "( +Ĕũ ,42(! +Ĕũ+.!4!(¢-Ĕũ2.-("(23 ēũ -$ēũĉČĉĊĎĊĒũ ĵũćĒĒćĒđĎĊĈē
(!ēũ .,4-(! !(¢-ũ .!( +ēũ -$ēũĉČĈĉćĒĊ .,4-(! ".1 ũ .!( +ēũ -$ēũ ćđĊććĎĒČĊũ ĵũĉđĉďĒĉĉ ũ #!;-(!.ũ(-"4231( +ēũ -$ēũćĒĎćĒĊĉćĉũ _!-(!.ũ#-ũ(-$.1,;3(! ēũ -$ēũćĒđđďĒĈćĊ
47(+( 1ũ#-ũ -$#1,#1~ ēũ -$ēũćđđĐĉĒĐďĐ
ũ #!1#3 1( ũ (+(-%Õ#ēũ -$ēũĉđĎĉĊďć
#231 ũ #-ũ !.13#ũ 8ũ !.-$#!!(¢-ēũ -$ēũ ćđĊĈČďĎďď
(!#-!( " ũ #-ũ 1 ).ũ .!( +ēũ -$ēũ ćĒĎďĐĎĈĉĉ
)#1 ũ ĵũ 5#-"#".1 ũ ĵũ 1#!#/!(.-(2ı 3 ēũ ũ ,#"(.ũ 3(#,/.ēũ -$ēũ ĉđĎĎćĈćũ ĵũ ćĒĉČĊĒĉďĎũ
_!-(!.ũ #-ũ (23#, 2ēũ -$ēũ ćđĐćĎĊďĊćũ ĵũ ĉđĉĈďđČ
(-3.1ũ/1.$#2(.- +ũ"#ũ! 2 2ũ/(-341 2ũ"#!.ı 1 3(5 2ũ -$ēĖũćđČĎćĉČČĉũIJũćĒĒćĈĉĊĈć #ũ1# +(9 ũ31 ).2ũ"#ũ/(-341 ũ#-ũ! 2 ũ -$ēĖũ ćĒĒćĈĉĊĈć -3#-(,(#-3.ũ "#ũ /(2!(- 2ēũ -$ēũ ćđĈĐĈĒďĉđ 4#' !#1#2ũ ".,_23(!.2ēũ -$ēũ ĉČĈďĉĉďũ ĵũ ćđĊĈďĉđćĊũ
ũ (!#-!( " ũ#-ũ .,4-(! !(¢-ũ .!( +ēũ -$ēũ ćĒĎćĉĒĒďđ
ũ !'(++#1ũ _!-(!.ēũ +#!31(!(" "ũ -"4231( +ēũ -$ēũĉĐĎĎććć
2(23#-3#ũ"#ũ.$(!(- ũ #+$ĖũćđČıĉĉĉıĉćĎ !'(++#1ũ #-ũ ćĒĉĎĈĊĉĊĒũ
(-$.1, 3(! ēũ
-$ēũ
,/+# ".ũ -! 1(.ũ!4 +04(#1ũ;1# ėũ!'.ı $#1ũ /1.$#2(.- +ũ #+$ēũ ćĒĎĒďĎČĊĐũ 8ũ ćĊũ ĉČĈćČČĉ
4(" ".ũ "#ũ -( .2ũ 8ũ /#12.- 2ũ , 8.1#2ũ -$ēĖũćđĊĈďĉđćĊ
'.$#1ũ/1.$#2(.- +ũ3(/.ũġ Ģũ/ 1 ũ3 7(2ũ8ũ ! ,(.-#2ũ"#ũĎũ3.-#+ " 2ēũ -$ĖũĉČććđĎĎũ ıũćĒĎĐĒĒĈČĊũũũũũũ
,/+# " ũ".,_23(! ēũ -$ēũćĒćĈĊćĊćĒ
'.$#1ũ2/.13, -ēũ -$ēũćđĐďďĉĊĊĊũũũũũ
4 1"( ũ"#ũ #%41(" "ēũ -$ēũćĒđĉĉćđďČ
#!#/!(.-(23 ēũ -$ēũ ćĒĒČćĊČĐĒũ ĵũ ćđĉďĎďĉČćũ
,/+# " ũ".,_23(! ēũ -$ēũćĒđđĒČďćĐ
'.$#1ũ /1.$#2(.- +ũ ćĒĒćĈĉĊĈć
%#-3#ũ!423."(.ĵũ#2!.+3 ũ"#ũ2#%41(" "ēũ -$ēũćđđĈďćďĈĒ
#!-¢+.%.ũ#-ũ -;+(2(2ũ"#ũ (23#, 2ēũ -$ēũ ĉČĎĉĒĎČũĵũćđĊćĈĎďĈĉũ
)#1.Ĕũ /#1!'#1.Ĕũ "(%(3 ".1Ĕũ 3#!-¢ı +.%.ũ #-ũ !.,/43 !(¢-ēũ -$ēũ ĉČĈđćĉďũ ĵũ ćđĊćĎđĊćĒ
%1#2 " ũ"#ũ 41(2,.ũ!.-ũ,#-!(¢-ũ#!.ı +¢%(! ēũ -$ēũćđČĐĈĊďďĈũũ
,/+# " ũ ".,_23(! ēũ #+$ĖćđĒĒćĎĒČĉũ ĵćđĒĒĊĊĊĉČ
42! ũ 31 ).ũ
'.$#1ũ3(/.ũ ũćđĈĉĎĒČĒĐ
,/+# " ũ".,_23(! ēũ #+$ĖćĒćĐĐďĈĐČĵć đĒĒćĎĒČĉĵćđĒĒĊĊĊĉČ
'.$#1ũ 1.$#2(.- +Ĕũ +(!#-!( ũ 3(/.ũ ēũ -$ēĖũ ćđđĈĊČĈĈď
11#%+.ũ! 2 2Ĕũ"#/ 13 ,#-3.2ũ4ũ.$(!(- 2Ĕũ 84" ũ8ũ!4(" ".ũ ũ "4+3.2ũ, 8.1#2ēũ -$Ėũ ćĒđĐĎĉđĈď
#ũ1# +(9 ũ31 ).2ũ"#ũ/(-341 ũ#-ũ! 2 2Ĕũũ #+$ĖũćĒĒćĈĉĊĈć
(,/(#9 ũ"#ũ! 2 2Ĕũ"#/ 13 ,#-3.2Ĕũ.$(!(ı - 2ēũ -$.1,#2ĖũćĒćĊĊĎĈĐďũĵũĉĐĎČďĈĉēũ
#ũ1# +(9 ũ31 ).2ũ"#ũ/(-341 ũ#-ũ! 2 2Ĕũũ #+$ĖũćđĎĉćČĈĐĒ
ũ 2#15(!(.2ũ !4(" -".ũ -( .2ũ -$ēĖũ ĉđČĎďđćũıũćĒĐĉĉĈććď
ũ 4#13 2ũ 43.,;3(! 2ũ !#++ĖũćđČĎĎĐĎđćũıũćĒĊćĒđĉĐĒ
4(" ".ũ"#ũ -!( -.2ēũ -$ēũćĒđđćĎĊČćũ
#!-¢+.%.ũ (5(+ũ 8ũ ( +ēũ -$Ėũ ĉČĉĉĒĐćĵũ ćđĐĊČĉĈĐď
4(" ".ũ"#ũ -!( -.2ēũ -$ēũćĒĉĐćĎĒČď
(,/(#9 ũ "#ũ .$(!(- 2ũ 8ũ ,#-2 )#1 ēũ -$ēũ ćĒĒćĉĉđĈĊũ
:FEJKIL::@FE
13#2 -.ũ! +($(! ".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 -$ēũ ćĒĐĎČĈđĐĎ
#!-¢+.%.ũ #-ũ 2(23#, 2ēũ ĉČĉĊđĉĉĐĵćđĊĈĒĎĊĈĒ
-$ēũ
(!#-!( " ũ#-ũ 41(2,.ũ (23¢1(!.ũ 4+34ı 1 +ēũ -$ēũćĒćĊĈĒĐČć
(!#-!( ".ũ #-ũ "4! !(¢-ũ , (#-ı 3 +ũ 8ũ !.341(2,.ēũ -$ēũ ćĒđđĎđđĊćũ ĵũ ĉđČĉĊĈćũ
.3.1(9 ".ũ !.,.ũ ,#-2 )#1.ũ 8ũ / /#+#2ũ +ũ "~ ũ ,.3.ũ /1./( ēũ ćĒĉĒđČĐĈćēũ (;-ũ %4(11#
(-3.1ũ /1.$#2(.- +ũ "#ũ ! 2 2ũ /(-341 ũ "#!.1 3(5 ũ #-ũ %#-#1 +ũ % 1 -3(9 ".ēũ ćĒĒćĈĉĊĈć
1."4!!(¢-ũ 4"(.5(24 +ũ -$ēĖũ ĉČĉćĈĎČũ ıũ ćĒĎĎČďĉĒĐ
(!#-!( ".ũ #-ũ "4! !(¢-ũ , (#-ı 3 +ũ 8ũ !.341(2,.ēũ -$ēũ ĉđČĉĊĈćũ ĵũ ćĒđđĎđđĊć
84" -3#ũ 1/(-3#1.ũ -$ēĖũĉČďćČĈĊ 13#2 -.ũ ! +($(! ".Ĕũ $ 1(! ũ 5 1(#" "ũ "#ũ ,4# +#2ēũ!#+ēĖũćĒĐĈĈČĐĈćď99 41%.-#3 ũĈĐũ/ 2 )#1.2ũ -$ēĖćĒĉđĎćĈĈđ 4~ ũ341~23(! Ĕũ/1.$#2.1 ũ"#ũ (+.2.$~ ēũ -$ēũ ćĒćĊĈĒĐČćũ
42!.ũ#,/+#.ũ!.-.!(,(#-3.2ũ"#ũ(-%+_2Ĕũ !.,/43 !(¢-ĔũćĒĎČďĎĊĉĐ ũ ũ .-3 !3.ĖũćĒĎĎďđĎĐĒ #ũ5#-"#ũ4- ũ!.,/43 ".1 ũ -3#+ũ .1#ũĉũ 4.ũ -$ēĖũćđĒĊĐČĈćĉũIJũćĒđĊČđĒĈĎ /-,-/
ũ
#-".ũ .! +ũ8ũ"/3.ēũ#-ũ#+ũ!#-31.ũ #+$ēĖũ ćđĐĊĒĈČĎĈēũĸ 4+(.ũĉĊŇĈćććďďĹ
ũ ũ /1./(#" "ũ ,#).1ũ 2#!ı
#-".ũ ĒĒĎćũ ,312ĉũ 1 -.2ũ #-ũ '#++ũ
3.1ũ 3 3#ũ ĊĊćēćććũ -#%.!( +#2ũ ďũ !4 "1 2ũ "#ũ 3#11#-.ũ -$ēĖũ ćĒđĒćĒĊĉĉũ ıũćĒďĉĐČĊČďũ
ũ ũ #11#-.ũũďēČĐĎũ,ĉũ#-ũ #5 ı
#1 ũ)4-3.ũ ũ 2ũ .+ 2ũ("# +ũ/ 1 ũ341(2ı ,.ũ 104#.+¢%(!.ũŌũĒēććũ#+ũ,#31.ũ-#%.ı !( +#ũ 1#!( .ũ ! 11.ũ -$ēĖũ ćĒĎĊČĐĒĉĐũ ĸ 4+(.ũĈĒŇĒĒĒČĊĹ
++.2ũ2#!3.1ũ+ ũ +.1(" ũ!.-ũ %4 ũ"#ũ1(#%.Ĕũ đũ'.1 2ũ! " ũ2#, - ēũŌĈđēććũ,ĉũ-#%.ı !( +#ũ #+ēĖćĒĎĐďĊĎďĒũ IJũ ćđČČĐďđđďũ ĸ 4+(.ũĉćŇĒĒďćĎĹ
#-".ũ "#ũ ./.134-(" "ũ 4- ũ ! 2 ũ #-ũ
#-".ũ ! 2 ũ 4 !'(ũ %" +#- ũ
"#ũ + ũ ! /(++ ũ ! ++#ũ ! .ēũ -$.1,#2ũ +ũ 3#+_$.-.ũĉČďďĉĐĐũĸ 4+(.ũĉćŇĈćććĈĎĹ
#+$ēĖũ ĉđĉđČĎćũ IJũ ćđČĐćĈĊĎďēũ ĸ 4+(.ũ ĉĊŇĈćććďďĹ
3 3#ũ -$Ėũ ćĒĎĎćČĊćďıćĒĎČĒĎďćĊũ ĸ 4+(.ũĉćŇĈććććďĹ
#-".ũ! 2 ũ#-ũ -"(%+ 3 ũ ũ4- ũ!4 "1 ũ
ũ
$(!(- 2ũ"#ũ 11(#-".ũ#-ũ+ ũ! ++#ũ +(- 2ũ 8ũ 4 8 04(+ũ1#".-"#+ũ"#ũ+ ũ + 9 ũ 1 (- ũ -$ēĖũćđČĊĐĎĐđĎ
ũ ēũ #/ 13 ,#-3.ũ#-ũ 4(3.Ĕũ #-ũ+ ũďũ"#ũ"(!(#, 1#ũ8ũ ~.ũ .! Ĕũ .11#2ũ "#ũ -ũ 2("1.ēũ #+$ēũćĒĒćĉďĒĒĉē
1#23(%(.2 ũ -(" "ũ "4! 3(5 ũ 1#04(#1#ũ /1.$#2.1#2ũ"#ũ "4! !(¢-ũ ;2(! ũ+ 2ũ'.) 2ũ "#ũ5(" ũ8ũ3~34+.2ũ"#ũ !1#"(3 !(¢-ũ1#,(3(1ũ ũ + 2ũ! ++#2ũ 1(#-3#ũććđũ8ũ 4#5#".ē
.-24+3.1 ũ ,/1#2 1( +ũ 2.+(!(3 ũ /1.$#ı 2(.- +#2ũ #-Ėũ ( 4).ũ _!-(!.Ĕũ 104(3#!ı 3.2Ĕũ -%#-(#1.2Ėũ -"4231( +#2Ĕũ +_!31(!.2Ĕũ #!;-(!.2Ĕũ #73(+#2ēũ -$ĔũćĒĒĉĈćĉĊĈũ ,/.13 -3#ũ #,/1#2 ũ 2.+(!(3 ũ 2# .1(3 ũ !341 ".1 ēũ -$ēũĉđĉĈđđđ .8ũ #%1#2 " ũ "#ũ "#1#!'.ũ 8ũ 42!.ũ 4-ũ 31 ).ũ ũ $(-ũ !.-ũ ,(ũ #2/#!( +(" "ũ #+$ēĖũ ćĒđĈČĈđČĒũIJũćđćĊďĉďĐĉ "#- ũ "#ũ $ 1, !( 2ũ 2.+(!(3 ũ "#/#-ı "(#-3#ēũ #04(2(3.2Ėũ'., 1#Ĕũ1#2/.-2 +#Ĕũ #" "ũ/.1ũ+.2ũĉćũ .2ēũ -$ēũćĒĉĐĎćććĈ ũ ( ēũ 3" ēĔũ1#04(#1#ũ!.-31 3 1Ėũ Ĉũ -%#-(#1 ũ#-ũ!.-3 (+(" "ũ8ũĉũ 47(+( 1#2ũ
//)..
$55,(1'2 2À FLQDV FRQ EDxR SULYDGR ,QIRUPHV -R\HUtD 7LIIDQ\ 0HUD \ 6XFUH )RQR
"#ũ!.-3 (+(" "ēũ 4#+".ũ ũ!.-5#-(1ēũ -$ēũ ĉČĎćďĎĊũ(-$.ľ,#"( 2%43, -ē!.,
,#!;-(! ũ 43.,.31(9ēũ -$ēũ'1.,#1.ľ( 5ē !.,ē#!ũĵũćĒđĊćĐďĎĊũ
,/.13 ".1 ũ -#!#2(3 Ėũ Ċũ "(2# ".1#2ũ %1;$(!.2ĔũĈũ ."#%4#1.ĔũĈũ5#-"#".1ĔũĈũ 2(2ı 3#-3#ũ"#ũ!. 1 -9 2Ĕũĉũ 2(23#-3#2ũ!.-3 ı +#2Ĕũ !'(++#1#2ũ!.-ũ!.-.!(,(#-3.2ũ#-ũ
ũũ ćĒĎČďĎĊĉĐũıũćĒĐĉĈĐĊďđ
ũ Ė
Ė
Ňũ ũ ũ ũ ũ Ňũ ũ ũ Ňũ ũ ũ ũ ũ Ė Ňũ ũ ũ ũ ũ ũ ũũ ũ ũ ũũ ũ ũ ũ ¡ ũ ũ ĖũćđČďĐĒĒČďũĵũćđČďĊČđČďĵũĉČďćĉĐć #) 1ũ24ũ'.) ũ"#ũ5(" ũ!.-ũ$.3.%1 $~ ũ !34 +(9 " ũ 2(++ ũ .23 +ũŒũĈđćĈıđďČ
*5$1,72 < 0$'(5$6 *5$1,72 %5$6,/(52 F PO LQVWDODGR *5$1,72 &+,12 F PO LQVWDODGR 7$%/21 &+$18/ F P LQVWDODGR ,QIRUPHV /26$6 (1&2)5$'26 0(7$/,&26 $9 %2/,9$5,$1$ < *$/2 9(/$ )5(17( &2/(*,2 *8$<$48,/
7(/)
&58= 52-$
//$*$521 ,32' &/$66,& JE \ JE RULJLQDOHV DSSOH 18(926 '( 3$48(7(
35(&,26 (&2120,&26
'&&&(-
2)5(&(
)LORVRItD FRUSRUDWLYD %DQFR GH VDQJUH 'RQDFLyQ YROXQWDULD 2IWDOPRORJtD ± &LUXJtD 2SWRPHWUtD +HPDWRORJtD 2QFRORJtD \ FLUXJtD *LQHFRORJtD \ 2EVWHWULFLD 3HGLDWUtD &HQWUR GH UHKDELOLWDFLyQ ItVLFD 0HGLFLQD JHQHUDO ,QWHUQD
(FRJUDItD \ UDGLRORJtD /DERUDWRULR FOtQLFR )DUPDFLD %DQFR RUWRSpGLFR 'DPDV YROXQWDULDV &HQWUR GH FDSDFLWDFLyQ *HVWLyQ GHO ULHVJR GH HPHUJHQFLDV \ GHVDVWUHV $FWLYLGDGHV GH MXYHQWXG 3URJUDPD GH VDOXG FRPXQLWDULD 'LIXVLyQ R SULQFLSLRV \ YDORUHV
//+./ ///-,
&DSDFLWDQGR HQ &LHQFLDV *DVWURQyPLFDV
'UD 6LOYLD 7 9DOHQFLD (
'U 6D~O $ 9DOHQFLD ( $PEDWR /DWDFXQJD 3X\R 7HOI //-*.
:H$ 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 $
0$75,&8/$6 (;75$25',1$5,$6
.".ũ#+ũ,#2ũ"#ũ 4+(.ũ
2WRUJDPRV FHUWLÀ FDGRV DYDODGRV SRU
(/ 5HJDOR ,GHDO HQ WX *UDGXDFLyQ ´81$ 6(5(1$7$µ
(1ēĖũ ;"(9ũũďđũ8ũ (%.Ĕũ !(4" "#+ ũ 2/ ũ3#+$ēũ ĉđČČũđĊĊ 666ē%14/.+#2!.ą ũũ#1ē!.,ũ
9EDIKBJ7 FH;L?7 9?J7 7B 9;B &// .'/..-$ 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$ H?E87C870 9WhWXeXe '&#(( o / Z[ EYjkXh[$ J[b\i0 (/,+'/'
&5,6723+(5 52<
7(1(026 /26 0(-25(6 35(&,26
*
'(6'(
/.+/,
%% # #! & ( '! # % " !!# ) #& &$' & !
+DJR UHJUHVDU DO VHU DPDGR HQ KRUDV DPRURVR FDULxRVR \ WLHUQR D \ SDUD WRGD OD YLGD &852 ,0327(1&,$ < 5(7,52 $0$17(6
/(&785$ '( &$57$6 2 7$527+
9 9LVtWDPH R OOiPDPH HQ HVWH PRPHQWR TXH UHDOL]R WX DPDUUH
PLJ
(;3(572 (1 $0$55(6 '( $025
ě (-(23#1(.ũ"#ũ "4! !(¢-ē ě 2.!( !(¢-ũ"#ũ !'#$2ũ"#+ũ !4 ".1ē
6( 5(48,(5( ',675,%8,'25(6 3$5$ $0%$72 /8&5$7,92 1(*2&,2 &21 /$ 9(17$ '( )(52021$6 68,=$6 0D[LPL]D VX DWUDFWLYR SHUVRQDO ,QFUHPHQWD VX FRQÀDQ]D \ DXWRHVWLPD $WUDLJD DO VH[R RSXHVWR VLQ HVIXHU]R 0iV FLWDV \ UHODFLRQHV VH[XDOHV ,1)250(6 $& WI
ũ
.8ũ !+ 2#2ũ "#ũ -%+_2ũ 8ũ 2/ .+ũ
Ňũ ũ ũ ũ ũ Ňũ ũ ũ Ô ũ Ňũ ũ ũ ũ ũ Ňũ ũ ũ ¡ ũĸ 1(,#1 ũ -$ -!( Ĺ
āĆ
3UHVWLJLRVD ,QVWLWXFLyQ (GXFDWLYD
PLQL GHSDUWDPHQWRV VDOD FRPHGRU FRFLQD XQ GRUPLWRULR EDxR ODYDQGHUtD MDUGtQ 3DUD SDUHMD R SHUVR QD VROD &LXGDGHOD &ULVWyEDO &ROyQ $Y GH 2FWXEUH \ %DUWRORPp 5XL] $ XQD FXDGUD GH 8QLPD[ \ &XDGUDV GHO &ROHJLR %ROtYDU ,QI
āĊŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏŏ
.-!412.ũ"#ũ,#1#!(,(#-3.2ũ/ 1 ũ24, 1ũ#-ũ24ũũ/#12.- +ũ Ėũ
$55,(1'2
-V LyI[ M[XMKQITM[ KMTMJZMUW[ R]V\W[ KWV KIVKQWVM[ QVWT^QLIJTM[ ///-+
+-4=4): !!
+WV 2]IV /IJZQMT MK]I\WZQIVW )UWZ M\MZVW
āć
āĊŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
." ũ+ ũ(-$.1, !(¢-ũ)4"(!( +ũ#-Ė 666ē"#1#!'.#!4 ".1ē!.,
ēũ"#+ũ ē
ũ ũ ũ ũ ũ ũ ũ ũ !3.1Ėũ ũ ũ ũ #, -" ".Ėũ ĸ Ĺũ ũ ũ
ũ
4(!(.Ėũ ũ ũ ũ ũ ĖũĉćĈĈıćđĎć
ũ Ėũ ēũ ũ #!1#3 1(.Ėũ 1ēũ 1(.ũ (! ũ ē
4"(! 341 Ėũ
ũ ũ ũ ũ ũ ũ ũ ũ ē
ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ēũ , 3.Ĕũ ,(_1!.+#2ũ ĈĊũ "#ũ )4+(.ũ "#+ũ ĉćĈĈĔũ + 2ũ ĈĎ'Čďēũ ũ Ėũ .1ũ !4,/+(".ũ !.-ũ #+ũ 1#04#ı 1(,(#-3.ũ "#ũ #23 ũ 4"(! 341 Ėũ 5.!.ũ !.-.!(,(#-3.ũ "#ũ + ũ /1#2#-3#ũ ũ ! 42 ũ #-ũ 5(1ı 34"ũ "#+ũ 2.13#.ũ 1# +(9 ".ēũ ũ ũ "#, -" " ũ /1#2#-3 " ũ /.1ũ ũ ũ ũ Ĕũ#2ũ!+ 1 Ĕũ/1#ı !(2 ũ 8ũ /.1ũ 1#4-(1ũ +.2ũ 1#04(2(ı 3.2ũ"#ũ+#8ũ2#ũ !#/3 ũ ũ31;,(3#ũ "#ũ #%4+ !(¢-ũ"#ũ (2(3 2Ĕũ!.-ũ 24)#!(¢-ũ +ũ /1.!#"(,(#-3.ũ .-3#-!(.2.ũ #-#1 +Ĕũ /1#2ı !1(3.ũ#-ũ#+ũ 13ēũĉĐĈũ8ũ2(%4(#-ı 3#2ũ "#+ũ ¢"(%.ũ "#ũ + ũ ( #9ũ 8ũ ".+#2!#-!( Ĕũ #-ũ !.-31 ũ "#ũ ũ ũ
ũ ēũũ ~3#2#+.ũ #-ũ $.1, ũ #731 !3 ı " Ĕũ,#"( -3#ũ31#2ũ/4 +(! !(.ı -#2ũ /.1ũ + ũ /1#-2 ũ "#ũ #23 ũ !(4" "ũ "#ũ , 3.Ĕũ "#ũ !.-ı $.1,(" "ũ !.-ũ +.ũ 04#ũ "#3#1ı ,(- ũ#+ũ 13ēũđĉũ"#+ũ ¢"(%.ũ"#ũ 1.!#"(,(#-3.ũ (5(+Ĕũ -.1, ũ 24/+#3.1( ũ "#+ũ ¢"(%.ũ "#ũ + ũ ( #9ũ 8ũ ".+#2!#-!( Ĕũ ũ $(-ũ "#ũ 04#ũ #+ũ "#, -" ".ũ 2# ı +#ũ ! 2(++#1.ũ )4"(!( +ũ #-ũ #23 ũ !(4" "ũ "#ũ , 3.ũ / 1 ũ 242ũ /.23#1(.1#2ũ -.3($(! !(.-#2Ĕũ "#-31.ũ "#+ũ 3_1,(-.ũ +#% +Ĕũ ! 2.ũ !.-31 1(.ũ 2#ũ 2#%4(ı 1;ũ #+ũ /1.!#2.ũ #-ũ 24ũ 1# #+ı "~ ēũ ũ %1_%4#2#ũ +ũ /1.!#2.ũ + ũ ".!4,#-3 !(¢-ũ ")4-3 ēũũ _-% 2#ũ #-ũ !4#-3 ũ + ũ ! 2(ı ++ ũ )4"(!( +ũ .ēũ ĈĒČũ 2# + " ũ /.1ũ + ũ !!(.- -3#ũ 2~ũ !.,.ũ + ũ 43.1(9 !(¢-ũ !.-!#"(" ũ ũ 24ũ .% ".ũ"#$#-2.1ēũũ !3Ì#ũ #+ũ #!1#3 1(.ũ 3(34+ 1ũ "#ũ #23 ũ
4"(! 341 ēũũ .ũ04#ũ"(2/.-%.ũ +ũ 5.! 1ũ!.-.!(,(#-3.ũ"#ũ+ ũ /1#2#-3#ũ! 42 ũ#-ũ,(ũ! +(" "ũ "#ũ 4#9ũ #,/.1 +Ĕũ"#2(%- ".ũ ,#"( -3#ũ !!(¢-ũ"#ũ #12.- +ũ .ēũ ćĎĐı ıĉćĈćĔũ "#ũ ĉćũ "#ũ # 1#1.ũ "#ũ ĉćĈćēũ ũ .1ũ #-4-!( ũ"#+ũ3(34+ 1ēũũ ~3#2#ũ8ũ .3($~04#2#ēı
ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ēũ , 3.Ĕũ )4#5#2ũ ĈČũ "#ũ )4+(.ũ "#+ũ ĉćĈĈĔũ + 2ũĈď'ĊĎēũũ Ėũ #ũ.$(!(.ũ 8ũ"#-31.ũ"#+ũ3_1,(-.ũ+#% +ũ/.1ũ ' #12#ũ /1."4!(".ũ 4-ũ #11.1ũ "#ũ "(%(3 !(¢-ũ 2#ũ 1#!3($(! ũ / 1!( +,#-3#ũ #+ũ 43.ũ ! +($(ı ! 3.1(.ũ 04#ũ -3#!#"#Ĕũ #-ũ #+ũ 2#-3(".ũ "#ũ 04#Ėũ #ũ !#/3 ũ ũ 31;,(3#ũ "#ũ 43.1(9 !(¢-ũ "#ũ +(" ũ "#+ũ ~2ėũ "#,;2ũ 2#ũ 1#!3($(! ũ #+ũ 2#%4-".ũ -., 1#ũ "#+ũ "#, -" ".ũ 04#ũ #2ũ #+ũ "#ũ Ĕũ #2ũ "#!(1ũ +.2ũ -., 1#2ũ 8ũ /#++(".2ũ !.,ı /+#3.2ũ "#+ũ "#, -" ".ũ 2.-ũ +.2ũ"#ũ ũ ũ
ũ ēũ ũ -ũ +.ũ "#,;2ũ + 2ũ / 13#2ũ /1.!#2 +#2ũ #23_-ũ ũ +.ũ "(2/4#23.ũ #-ũ 43.ũ 04#ũ -3#!#"#ēũũ .3($~04#2#ēı
.ũ 04#ũ !.,4-(!.ũ ũ 423#"Ĕũ / 1 ũ24ũ!.-.!(,(#-3.ũ8ũ$(-#2ũ +#% +#2ũ/#13(-#-3#2ē (1, ũ +#%( +# ēũ ũ ũ ē ũ ũ ũ
ũ ũ ũ ũ ũ ē 8ũ".2ũ2#++.2ćć ĉććĐćĵĈćććĊď
ũ ũ
ũ .ēũĉććĒıćĉĐČ .-%.ũ #-ũ !.-.!(,(#-3.ũ "#+ũ /Ì +(!.ũ #-ũ %#-#1 +ũ 04#ũ /.1ũ "#!1#3.ũ #7/#"(".ũ /.1ũ #+ũ 1ēũ 4%.ũ !'#!.ũ ēĔũ 4#9ũ #1!#1.ũ "#ũ +.ũ (5(+ũ "#ũ , 3.Ĕũ 2#ũ ' ũ 2# + ".ũ / 1 ũ #+ũ "~ ũ ũ ũ ũ ũ ũ ũ ũ Ĕũ "#2"#ũ + 2ũ ! 3.1!#ũ '.1 2ũ ' 23 ũ + 2ũ "(#!(.!'.ũ '.1 2Ĕũ #-ũ + ũ #!1#3 1~ ũ "#ũ #23 ũ 4"(! 341 ũ
ũ $(-ũ "#ũ 04#ũ 3#-% ũ +4% 1ũ #+ũ
1#, 3#ũ #-ũ /Ì +(! ũ 24 23 ũ "#+ũ (#-ũ (-,4# +#ũ #, 1ı % ".ũ 04#ũ ũ !.-3(-4 !(¢-ũ 2#ũ "#3 ++ Ė Ĉēıũ ¡
ũ /1./(#" "ũ 2#ũ #-!4#-31 ũ 4 (! " ũ #-ũ #+ũ #!3.1ũ "#-.ı ,(- ".ũ 4 31.ũ 204(- 2Ĕũ #-ũ + ũ / 11.04( ũ -ũ -"1_2Ĕũ ! -3¢-ũ 4 -.Ĕũ /1.5(-!( ũ "#ũ '(, .1 9.ē 8ũ4- ũ$.3. ĉēıũ
ũ ũ #ũ (-"(! 1ũ 2# .1ũ 4#9ũ 04#ũ #-ũ #+ũ /1#"(.ũ 2#ũ #-!4#-31 ũ !.-2314(" ũ 4- ũ ! 2 ũ "#ũ 4- ũ 2.+ ũ /+ -3 ũ !.-ũ #+ũ 2#++.ũ "#+ũ ē Ň .1ũ #+ũ .13#Ėēēēēēēēē (+2.-ũ 4(+! /(Ĕũ!.-ũĈĎĔććũ,ē Ň .1ũ #+ũ 41Ėũ ēēēēēēēēēē ,(-.ũ /Ì +(!.Ĕũ!.-ũĈĎĔććũ, Ň .1ũ #+ũ 23#Ėēēēēēēēēēē #2#15 ũ "#ũ + ũ5#-"#".1 Ĕũ!.-ũĊćĔĎćũ, Ň .1ũ #+ũ #23#Ėēēēēēēēēē ,(-.ũ 5#!(- +Ĕũ!.-ũĊćĔĎćũ, 8ũ".2ũ$.3.2 2ũ 4- ũ !.-2314!!(¢-ũ !.-ũ (,(#-3.2ũ "#ũ '.1,(%¢-ũ 1, ".Ĕũ / 1#"#2ũ "#ũ + "1(ı ++.Ĕũ !4 (#13 ũ "#ũ #2314!341 ũ ,#3;+(! ũ 8ũ #41.+(3Ĕũ 5#-3 - 2ũ "#ũ'(#11.Ĕũ "#,;2ũ!4#-3 ũ+49ũ #+_!31(! ē ũ ũ ũ Ėũ ēēēēēēēēēēēČĎĐĔĎćũ ĉ ũ ũ Ėēēēēēēũ ũ ĊďĔććũ ĉ Ċēıũ ũ ũ ũ Ĕũ
Čēıũ ũ ũ " ũ 24ũ 4 (! !(¢-Ĕũ #+ũ /1#ı "(.ũ 2#ũ #-!4#-31 ũ #-ũ + ũ 9.- ũ 141 +Ĕũ + ũ /1./(#" "ũ !4#-3 ũ !.-ũ -#1%~ ũ +_!31(! ũ 8ũ %4 ũ "#ũ1(#%.ē 8ũ4- ũ$.3. Ďēıũũ ē .-ũ$(-#2ũ"#ũ 5 +Ì.ũ2#ũ!.-2(ı "#1 1;-ũ$ !3.1#2ũ04#ũ(-!("#-ũ #-ũ #+ũ 5 +Ì.ũ "#+ũ +.3#Ĕũ 3 +#2ũ !.,.Ė ı 3#%.1~ ũ 2.!(.ũ #!.-¢,(! ũ "#+ũ2#!3.1 ı 1 !3#1~23(! 2ũ"#ũ+ ũ/1./(#ı " "ũ 3#11#-.ũ !.,/+#3 ,#-3#ũ /+ -. ı !(+(" "#2ũ"#ũ31 -2/.13# ı $#13 ũ8ũ"#, -" ē ďēıũ ē .-ũ+.2ũ -3#!#"#-3#2ũ#7/4#2ı 3.2ũ8ũ!.-2("#1 -".ũ4- ũ2#1(#ũ "#ũ / 1;,#31.2ũ 3 +#2ũ !.,.Ėũ 5 +Ø.ũ !.,#1!( +Ĕũ 4 (! !(¢-Ĕũ #3!ēũ ũ #ũ /#1,(3.ũ 5 +4 1ũ + ũ /1./(#" "ũ #-ũ #+ũ 2(%4(#-3#ũ !4 "1.ē +#,#-3.Ĕũ 2/ !(.2Ĕũ 1# ũ ĸ,ĉĹĔũ 1#!(.ũ 4-(3ũ ĸŌĹũ 1#!(.ũ .3 +ũĸŌĹ .-2314!!(¢-Ĕũ ēũ ) ũ ĔũćĔćć ēũ +3 ũ ĔũćĔćć ēũ +3 ũ ĔũćĔćć ēũ +3 ũ ĔũćĔćć /+ -3 ũ ) ũ ĊďĔććĔũ đćĔććĔũ ĉđđćĔćć % +/.-#2ĔũćĔćć !#11 ,(#-3.ĔũćĔćć 3.3 +ũ "#ũ + ũ !.-2314!!(¢-Ĕũ ĉđđćĔćć ćĔćć 3#11#-.Ĕũ ČĎĐĔĎćĔũ ČĔĎćĔũ ĉćĎđĔĐĎ ćĔćć ũ ũ ũ ČĒĊđĔĐĎ .-Ėũ ũ ũ ũ ũ ũ ũ ũĐĎĵĈććũ"¢+ 1#2ē
2ũ /#12.- 2ũ (-3#1#2 " 2ũ /4#"#-ũ . 3#-#1ũ , 8.1#2ũ (-$.1,#2ũ#-ũ+ ũ #!1#3 1~ ũ"#+ũ
49% ".ũ #1!#1.ũ "#ũ +.ũ (5(+ũ "#ũ , 3.Ĕũ1#, 3#ũ04#ũ2#1;ũ ")4"(! ".ũ +ũ ,#).1ũ /.23.1Ĕũ /.1ũ 2#1ũ #+ũ 2#%4-".ũ 2# ı + ,(#-3.Ĕũ + 2ũ /.2341 2ũ 2#ũ 1#!#/3 1;-ũ#-ũ 2#ũ ũ+ ũ,(3 "ũ "#+ũ 5 +Ì.ũ3.3 +ũ"#+ũ(-,4# +#ũ #, 1% ".Ĕũ 04#ũ (1;-ũ !.,ı / " 2ũ "#+ũ "(#9ũ /.1ũ !(#-ı 3.ũ #-ũ "(-#1.ũ #-ũ #$#!3(5.ũ .ũ !'#04#ũ!#13($(! ".ũ ũ+ ũ.1"#-ũ "#+ũ 49% ".ēıũ , 3.Ĕũ ĈĎũ "#ũ )4-(.ũ"#ũĉćĈĈē (1, ũ +#%( +#
!" ēũ (%( ũ - 2ũ ē 8ũ4-ũ2#++. ĈĒĒČĎĵĒĒČďĊ 44
ũ ũ ũ ũ
#-%.ũ ũ (#-ũ #-ũ /.-#1ũ #-ũ !.-.!(,(#-3.ũ "#+ũ /Ì +(!.ũ 04#ũ /.1ũ "#!1#3.ũ #7/#"(".ũ /.1ũ + ũ ēũ #++8ũ 1#"#2ũ !'. ēĔũ
4#9ũĉ".ũ"#ũ+.ũ (5(+ũ #,/.1 +Ĕũ
#-ũ #+ũ )4(!(.ũ #)#!43(5.ũ .ēũ ĉććďıćĎĐĒĔũ 2#ũ ' ũ .1"#- ı ".ũ #+ũ 1#, 3#ũ "#+ũ (-,4# +#ũ #, 1% ".ũ#-ũ#23 ũ! 42 Ĕũ+ ũ 04#ũ2#ũ++#5 1;ũ ũ! .ũ#-ũ#23 ũ #!1#3 1~ Ĕũ #+ũ "~ ũ 5#(-3#ũ 8ũ -4#5#ũ"#ũ %.23.ũ"#+ũ .ũ".2ũ ,(+ũ.-!#Ĕũ"#2"#ũ+ 2ũ! 3.1!#ũ ũ + 2ũ"(#9ũ8ũ.!'.ũ'.1 2Ĕũ"#+ũ"~ ũ (-"(! ".ũ 8ũ 04#ũ 2#ũ "#3 ++ ũ ũ !.-3(-4 !(¢-ē ĉēũ ¡ ēũ ũ +ũ (-,4#ı +#ũ #-ũ ,#-!(¢-ũ 2#ũ #-!4#-ı 31 ũ 4 (! ".ũ #-ũ + ũ ! ++#ũ
4 -ũ .-3 +5.ũ 2ĵ-ũ #-31#ũ + ũ 5ēũ 1!~ ũ .1#-.ũ 8ũ ! ++#ũ -4#+(3 ũ ;#-9Ĕũ 2#!3.1ũ 04#ũ /#13#-#!#ũ ũ + ũ )41(2"(!!(¢-ũ "#ũ + ũ / 11.04( ũ 1 - ũ ũ 31(9ũ "#+ũ ! -3¢-ũ #+(+#.Ĕũ /1.5(-!( ũ"#ũ 4-%41 '4 ē 8ũ4-ũ, / Ċēũ ũ ēũ ũ 2!1(341 ũ (-2!1(3 ũ ).ũ + ũ / 13(" ũ ĈĐĎũ "#+ũĉĐũ"#ũ # 1#1.ũ"#ũĈĒĒĈũ#-ũ #+ũ #%(231.ũ "#ũ + ũ 1./(#" "ũ "#+ũ! -3¢-ũ #+(+#.ē Čēũ ¡ ũ ũ ũ ēũ -ũ 24ũ #-3.1-.ũ #2ũ (-"(2/#-ı 2 +#ũ !.-2("#1 1ũ + ũ (,/+ -ı 3 !(¢-ũ "#ũ .2ũ 49% ".2ũ (5(+#2Ĕũ ũ .,(2 1~ Ĕũ #+#!.,4-(! !(.-#2Ĕũ +ũ + !(.ũ 4-(!(/ +ũ8ũ-#%.!(.2ũ /1(5 ".2ũ 04#ũ ' -ũ 1#5 +.1(9 ı ".ũ #+ũ 2#!3.1Ĕũ 31 -2$.1, -".ũ 5 1( 2ũ ! 2 2ũ 04#ũ #1 -ũ -#3 ı ,#-3#ũ1#2("#-!( +#2ũ#-ũ!.-2ı 314!!(.-#2ũ !.-ũ -#%.!(.2ũ 8ũ .$(!(- 2ũ- 341 +#2ēũ Ň 1 -.ēũ Ň #2("#-!( +ũ !.-ũ 23 342ũ ,#"(.ēũ Ň .-2.+(" " ēũ Ň +425 +~ ũ/.2(3(5 ēũ Ň .,#1!( +(9 !(¢-ũ ũ !.13.ũ /+ 9.ēũ Ň 2.ũ#-ũ#+ũ2#!3.1Ėũ #2("#-!( +ũ ıũ .,#1!( +ēũ Ďēũ ũ ēũ ěũ ēũ ũ ! ++#ũ ġ 4 -ũ .-3 +5.Ģũ!.-ũĈĒēĉćũ,#31.2ēũ ěũ ēũ +ũ+.3#ũŒũĐďĐũ!.-ũĈďēďćũ ,#31.2ēũ ěũ ēũ +ũ +.3#ũ Œũ ĐČĈũ "#ũ /1.ı /(#" "ũ "#ũ # 31(9ũ +#-!( ũ !.-ũĉĒēďĎũ,#31.2ēũ ěũ ēũ +ũ +.3#ũ Œũ ĐďĊũ "#ũ #"1.ũ +#1#- ũ !.-ũ ĉĒēĎćũ ,#31.2ēũ ďēũ ēũ +ũ;1# ũ,#"(ı " ũ "#+ũ 3#11#-.Ĕũ !.,/1#-"(".ũ #-31#ũ #23.2ũ +(-"#1.2ũ 8ũ !.-ũ + 2ũ ,#"(" 2ũ -.3 " 2ũ #2ũ "#ũ Ďĉđēđćũ,#31.2ũ!4 "1 ".2ēũ Đēũ ¡ ũ8ũ Ë ēũ 8ũ".2ũ$.3.2 (23 ũ "#ũ + ũ ! ++#ũ ēũ .-3 +5.ũ ' !( ũ+ ũ 5ēũ 1!~ ũ .1#-. (23 ũ "#ũ + ũ ! ++#ũ ēũ .-3 +5.ũ ' !( ũ + ũ ! ++#ũ -4#+(3 ũ ;#-9 ı ũ $.1, ũ "#+ũ 3#11#-.ũ #2ũ 1#%4+ 1ēũ ı (#-#ũ /#-"(#-3#ũ +(%#1 ,#-ı 3#ũ/+ - Ĕũ ũ-(5#+ũ!.-ũ1#+ !(¢-ũ ũ + ũ 1 2 -3#ũ "#ũ + ũ ! ++#ũ 4 -ũ .-3 +5.ēũ ı 4#-3 ũ!.-ũ+.2ũ2#15(!(.2ũ"#Ėũ ěũ %4 ũ/.3 +#ũ ěũ +! -3 1(++ ".ũ2 -(3 1(.ũ ěũ#-#1%~ ũ#+_!31(! ũ ěũ#-#1%~ ũ3#+#$¢-(! ũ ěũ +4, 1 ".ũ/Ì +(!.ũ ěũ1#!.+#!!(¢-ũ"#ũ 241 ēũ ıũ (2/.-#ũ "#ũ 4-ũ 2.+.ũ $1#-3#ũ ' !( ũ+ ũ! ++#ũ ēũ .-3 +5.ēũ ıũ (#-#ũ + 2ũ 2(%4(#-3#2ũ ! 1 !ı 3#1~23(! 2ũ"#ũ(-$1 #2314!341 Ėũ ěũ +9 " 2ũ ".04(- " 2ũ ěũ !#1 2ũ 8ũ .1"(++.2ũ "#ũ '.1ı ,(%¢-ũ2(,/+#ēũ ıũ .-ũ + 2ũ ! 1 !3#1~23(! 2ũ (-"(! " 2ũ "#ũ 23 342Ĕũ $.1, Ĕũ /#-"(#-3#Ĕũ3 , .ũ#ũ(-$1 #2ı 314!341 Ĕũ #+ũ ġ3#11#-.Ģũ +.ũ 5 ı +Ì.ũ ũ 1 9¢-ũ "#ũ ũ ĈĎćĔććũ ¢+ 1#2ũ ! " ũ ,#31.ũ !4 "1 ı ".Ĕũ 5 +.1ũ 04#ũ ,4+3(/+(! ".ũ /.1ũ + ũ 24/#1$(!(#ũ ,#"(" ũ "#ũ Ďĉđēđćũ ,ĉũ " ũ #+ũ 3.3 +ũ "#+ũ !.23.ũ"#+ũ3#11#-.ũ04#ũ 2!(#-ı "#ũ ũ ũĐĒēĊĉćĔććũ ¢+ 1#2ēũ ıũ +ũ (-3#1(.1ũ "#+ũ /1#"(.ũ 2#ũ ' -ũ 1# +(9 ".ũ + 2ũ 2(%4(#-3#2ũ . 1 2ũ!(5(+#2Ėũ 8ũ".2ũ$.3.2 ũ ũ 8ũ ěũ .-2314!!(¢-ũ "#-.,(- " ũ "#ũ '.1,(%¢-ũ 1, ".ũ "#ũ ".2ũ /+ -3 2ũ !.-ũ #-31#/(2.2ũ "#ũ +.2 Ĕũ 2. 1#ũ + ũ 3#11 9 ũ "#ũ + ũ 2#%4-" ũ /+ -3 ũ .31 ũ #2314!ı 341 ũ"#ũ'.1,(%¢-ũ 1, ".ũ!.-ũ +.2 ũ"#ũ!4 (#13 ēũ ũ"(231( 4ı !(¢-ũ#2ũ+ ũ2(%4(#-3#Ėũ ũ/+ -3 ũ ) ũ4-ũ"#/ 13 ,#-3.ũ"#ũ".2ũ ".1,(3.1(.2ėũ #-ũ + ũ 2#%4-" ũ /+ -3 ũ 4-ũ "#/ 13 ,#-3.ũ !.-ũ !(-!.ũ ".1,(3.1(.2ėũ + ũ 3#1!#1 ũ /+ -3 ũ 4-ũ ,(-("#/ 13 ,#-ı 3.ũ !.-ũ ".2ũ ".1,(3.1(.2ēũ .2ũ ! ".2ũ (-31."4!(".2ũ 2.-ũ "#ũ 2#%4-" ũ 8ũ 2#ũ #-!4#-31 ũ #-ũ 1#%4+ 1ũ #23 ".ũ "#ũ !.-ı 2#15 !(¢-ēũ ũ #" "ũ "#ũ + ũ !.-2314!!(¢-ũ#23;ũ#-ũ#+ũ1 -%.ũ "#ũ Ďũ ũ Ĉćũ .2ēũ 4 1#ũ 4-ũ 3.3 +ũ "#ũ ĉĒćēđďũ ,ĉũ #-ũ + 2ũ 31#2ũ/+ -3 2ēũ ũ 5 +Ì.ũ#-ũ ũ ďĊēĒđĒĔććũ ¢+ 1#2ēũ ěũ #31;2ũ"#ũ+ ũ!.-2314!!(¢-ũ2#ũ #-!4#-31 ũ ".2 2ũ4- ũ#2314!ı 341 ũ"#ũ'.1,(%¢-ũ 1, ".ũ"#ũ 4- ũ/+ -3 ũ!.-ũ%1 " ũ#73#1(.1ũ "#ũ '.1,(%¢-ũ 1, ".Ĕũ !4 1#ũ ĈĈēĉćũ ,ĉĔũ 2#ũ #-!4#-31 ũ #-ũ #23 ".ũ %1(2ēũ ũ 5 +Ì.ũ #-ũ ũ ĈēďđćĔććũ ¢+ 1#2ēũ 8ũ4- ũ$.3. ěũ #"( %4 ũ "#ũ 4- ũ /+ -ı 3 ũ !.-ũ 3#!'.2ũ "#ũ 2 #23.ũ !#,#-3.Ĕũ!(#+.2ũ1 2.2ũ$ +2.2Ĕũ +ũ (-3#1(.1ũ 24ũ "(231( 4!(¢-ũ #2ũ "#ũ 4-ũ ,(-("#/ 13 ,#-3.ũ
!.-ũ 4-ũ ".1,(3.1(.ēũ ũ 4 1#ũ ĊĉēĉĎũ ,ĉēũ ũ - ũ ."#% ũ !.-ũ 2(,(+ 1#2ũ ! 1 !3#1~23(! 2ũ "#ũ ! ".ēũũ 4 1#ũĎēĐćũ,ĉēũũ +ũ #23 ".ũ "#ũ !.-2#15 !(¢-ũ #2ũ 1#%4+ 1ũ8ũ3(#-#-ũ ! ".2ũ"#ũ 2#%4-" ēũ ũ 2ũ 5 +Ì.ũ #-ũ ũ ĊēĐĒĎĔ..ũ ¢+ 1#2ē 8ũ4- ũ$.3. ěũ +ũ!.23 ".ũ 41.1(#-3 +ũ#7(2ı 3#ũ 4-ũ / 5(,#-3.Ĕũ / 1#"#2ũ /#1($_1(! 2ũ8ũ"(5(2(.-#2ũ(-3#ı 1(.1#2ũ "#ũ +.04#ũ 2(-ũ #-+4!(1ũ #-31#ũ!.+4,- 2ũ"#ũ'.1,(%¢-ũ 1, ".ēũ 4 1#-ũ ĉĐēĒćũ ,ĉēũ +ũ #23 ".ũ "#ũ !.-2#15 !(¢-ũ #2ũ 1#%4+ 1ēũ .ũ 5 +Ì.ũ #-ũ ũ đĊĐĔććũ ¢+ 1#2ēũ ěũ .,.ũ 1 2ũ 73#1(.1#2ũ 2#ũ !.-2("#1 ũ #+ũ !#11 ,(#-3.ũ #-ũ + 2ũ ;1# 2ũ -.ũ !.-2314(" 2Ĕũ #+ũ / 5(,#-3.ũ"#+ũ% 1 )#Ĕũ+ 5 -ı "#1~ ũ 8ũ 3 -04#ũ 1#2#15.1(.ēũ 1 2ũ04#ũ2#ũ#-!4#-31 -ũ#-ũ 1#%4+ 1ũ #23 ".ũ 8ũ + 2ũ 5 +Ì.ũ #-ũ ũĈēĎććĔććũ ¢+ 1#2Ė đēũ ē Ĕũ Ĕũ Ĉũ -,4# +#ũ 4 (! ".ũ #-ũ + ũ ! ++#ũ 4 -ũ .-3 +5.ũ 2ĵ-ũ #-31#ũ + ũ 5ēũ 1!~ ũ .1#-.ũ 8ũ ! ++#ũ -4#+(3 ũ ;#-9Ĕũ / 11.04( ũ ũ 31(9ũ "#+ũ ! -3¢-ũ #+(+#.Ĕũ /1.5(-!( ũ "#+ũ 4-%41 '4 ēũ :1# ũ Şũ Ďĉđēđćũ ,ĉēũũ ũĐĒēĊĉćĔ.. ĉũ .-2314!!(.-#2ũ 8ũ . 1 2ũ !(5(+#2ēũũ ũĐĈēđćĈĔ.. ũ ũĈĎĈēĈĉĈĔ.. +ũ 5 +Ì.ũ 3.3 +ũ "#+ũ (-,4#ı +#ũ #, 1% ".ũ 2!(#-"#ũ ũ ũ ũ ũ ũ ũ ũ ũ ććĵĈććũ ũ ē 13(!4+ 1ũ 04#ũ 2#ũ /.-#ũ #-ũ !.-.!(,(#-3.ũ "#+ũ /Ì +(!.Ĕũ ũ $(-ũ"#ũ+ 2ũ/#12.- 2ũ(-3#1#2 ı " 2ũ /4#"#-ũ . 3#-#1ũ , 8.ı 1#2ũ(-$.1,#2ũ#-ũ+ ũ #!1#3 1~ ũ "#ũ #23 ũ 4"(! 341 Ĕũ 1#, 3#ũ 04#ũ 2#ũ ")4"(! 1;ũ +ũ ,#).1ũ /.23.1Ĕũ /.2341 2ũ 04#ũ "# #-ũ (1ũ !.,/ " 2ũ "#+ũ "(#9ũ /.1ũ !(#-3.ũ 04#ũ "#3#1,(- ũ + ũ +#8Ĕũ #-ũ "(-#1.ũ #$#!3(5.ũ .ũ !'#04#ũ -! 1(.ũ !#13($(! ".ũ ũ ¢1"#-#2ũ "#ũ #23#ũ 49% ".Ĕũ #ũ !#/3 1;-ũ + 2ũ /.2341 2ũ "#2"#ũ + 2ũ ,(3 "ũ "#+ũ 5 +Ì.Ĕũ /.1ũ 31 3 12#ũ "#+ũ 2#%4-".ũ 2# + ,(#-3.ıũ , 3.Ĕũ
4-(.ũĊćũ"#+ũĉćĈĈē (1, ũ +#%( +# +ũ #!1#3 1(. %ēũ _2 1ũ + #13.ũ 4# 2 8ũ4-ũ2#++. ĉćććĒĵĈćććĉĉ
ũ ũ
ũ ũ ũ ũ ũ
ũ
ũ
Ėũ ēũ
ũ ũ ũ ũ Ėũ
ũ ũ ũ
Ĕũ ũ
ũ
ũ
Ĕũ ũ
ũ ũ ũ ũ ũ ũ ũ
ēŞũ
Ėũ ũ .ũ ĉććĒıĉďĉũ Ėũ ũ ũ ũ
Ėũ .ēũ ďćũ ũ
ũ Ĕũ ũ
ũ Ėũ ŌēĈĎēćććĔ..ũ
ũ ēũ ũ ũ ũ
ũ ũ ũ ũ ũ
ēıũ ~++ 1.ĔũĈĉũ"#ũ 4-(.ũ "#+ũĉććĒĔũ 2ũĈć'Ċćēıũ Ėũ ũ "#, -" ũ /1#ı 2#-3 " ũ /.1ũ #+ũ 1ēũ ũ ũ ũ Ĕũ #-ũ 24ũ ! +(" "ũ "#ũ /1.!41 ".1ũ )4"(!( +ũ "#+ũ 2# .1ũ ũ ũ Ĕũ!48 ũ/#12.-#1~ ũ2#ũ " ũ/.1ũ /1. " ũ8ũ+#%(3(, " ũ #-ũ5(23 ũ"#+ũ/."#1ũ ")4-3 ".Ĕũ 1#Ì-#ũ +.2ũ 1#04(2(3.2ũ "#ũ #8ũ /.1ũ +.ũ 04#ũ 2#ũ + ũ ",(3#ũ +ũ 31;,(3#ũ #-ũ )4(!(.ũ #)#!43(5.Ĕũ 8 ũ04#ũ3 -3.ũ#+ũ/ % 1_ũ!.,.ũ ũ + ũ . +(% !(¢-ũ %4 1" -ũ #23#ũ ,_1(3.Ĕũ#-ũ!.-2#!4#-!( ũ!~3#ı 2#ũ !.-ũ + ũ "#, -" ũ 8ũ 43.ũ 1#! ~".ũ #-ũ + ũ ,(2, ũ ũ +.2ũ 1#2ēĖũ ũ
ũ ũ Ĕũ ũ
ũ ũ
ũ 8ũ ũ ũ ũ Ĕũ,#"( -3#ũ 3#-3.ũ "#/1#! 3.1(.ũ 04#ũ 2#ũ +( 1 ũ ũ 4-.ũ "#ũ +.2ũ 2# .1#2ũ )4#!#2ũ"#ũ+.ũ (5(Ĉũ"#+ũ -3¢-ũ , 3.Ĕũ #-5(;-".2#ũ "#2/ ı !'.ũ #-ũ $.1, ũ 8ũ .$1#!(#-".ũ 1#!(/1.!(" "#2ũ #-ũ ! 2.2ũ -;+.%.2Ĕũ / 1 ũ 04#ũ "#-31.ũ "#+ũ 3_1,(-.ũ "#ũ 31#2ũ "~ 2ũ "#ũ !(3 ".2ũ +#% +,#-3#Ĕũ / %4#-ũ + ũ 24, ũ "#ũ "(-#1.ũ "#4" ".ũ .ũ/1./.-% -ũ#7!#/!(.-#2ũ"#ũ + 2ũ 04#ũ 2#ũ !.-2("#1#-ũ 2(2ı 3(".2ēıũ ¢,#2#ũ #-ũ !4#-3 ũ #+ũ .$1#!(,(#-3.ũ "#ũ 1#!.-.!#1ũ / %.2ũ/ 1!( +#2ũ04#ũ2#ũ)423(ı $(04#-ũ+#% +,#-3#Ĕũ#+ũ! 2(++#ı 1.ũ)4"(!( +ũ2# + ".ũ/ 1 ũ242ũ -.3($(! !(.-#2Ĕũ 8ũ %1_%4#2#ũ +ũ/1.!#2.ũ#+ũ/."#1ũ8ũ#+ũ/ % ı 1_ũ ")4-3 ".2ēıũ .3($~04#2#ũ 8ũ ~3#2#ēıũ$Ĺũ 1ēũ $ #+ũ .8 ũ #+% ".ũ 4#9ũ "#ũ +.ũ (5(+ēıũ #13($(!.ēũũ $Ĺũ #1-;-ũ .13_2ũ . 8.ēıũ #!1#3 1(.ēıũ ũ ũ
ũ ũ ũ ũ
Ėũ ~++ 1.Ĕũ ĊĈũ "#ũ 19.ũ"#+ũĉēćĈĈēıũ 2ũĈď'ČĒēıũ #5.!;-".2#ũ + ũ /1.5("#-ı !( ũ (-,#"( 3 ũ -3#1(.1ũ "#ũ 3.".ũ 24ũ !.-3#-(".Ĕũ #-ũ 1 9¢-ũ "#ũ 04#ũ "#ũ 43.2ũ !.-23 ũ #+ũ /."#1ũ .3.1% ".ũ /.1ũ #+ũ # .1ũ #1#-3#ũ "#ũ + ũ ../#1 3(5 ũ -ũ 1 -!(2!.ũ #-ũ + ũ /#12.ı - ũ "#+ũ 1ēũ -1(04#ũ (,(23#11 ũ / Ĕũ 5.! -".ũ !.-.!(ı ,(#-3.ũ #-ũ + ũ /1#2#-3#ũ ! 42 ũ #-ũ ! +(" "ũ "#ũ 4#9ũ (34+ 1ũ "#ũ #23 ũ 4"(! 341 Ĕũ !~3#2#ũ ũ +.2ũ "#, -" ".2ũ ũ
ũ ũ Ĕũ
ũ
ũ ũ
ũ ũ ũ ũ ũ ũ ũ
ũ ũ Ĕũ !.-ũ + ũ "#, -" Ĕũ 43.ũ "#ũ #-31 " Ĕũ 8ũ #23 ũ /1.ı 5("#-!( ũ /.1ũ + ũ /1#-2 Ĕũ #-ũ 4-.ũ "#ũ +.2ũ "( 1(.2ũ "#ũ , 8.1ũ !(1!4+ !(¢-ũ"#ũ+ ũ /(3 +ũ"#ũ+ ũ 1.5(-!( ũ "#ũ 4-%41 '4 Ĕũ "#ũ !.-$.1,(" "ũ !.-ũ #+ũ 13ēũ đĉũ "#+ũ ¢"(%.ũ"#ũ 1.!#"(,(#-3.ũ (5(+ēıũ .3($~04#2#ēũ ũ .ũ 04#ũ !.,4-(!.ũ ũ "ēĔũ / 1 ũ +.2ũ $(-#2ũ !.11#2/.-"(#-3#2Ĕũ "5(13(_-".+#ũ "#ũ + ũ . +(% ı !(¢-ũ 04#ũ 3(#-#ũ "#ũ !.,/ 1#ı !#1ũ ' !#1ũ 5 +#1ũ +.2ũ "#1#!'.2ũ 04#ũ 2#ũ !.-2("#1#ũ 2(23(".2ũ 8ũ 2# +#-ũ ! 2(++#1.ũ )4"(!( +ũ / 1 ũ 242ũ -.3($(! !(.-#2ũ $434ı 1 2ēıũ #13($(!.ēı (1, ũ +#%( +# ũ ũ 8ũ4-ũ2#++. ĉććďČĵĒĒĒĒĎ
ũ ũ ũ
ũ ũ ũ ũ ũ ũ ũ ũ
ũ ũ ũ ũ ũ ũ ũ
ũ ũ ũ ũ ũ Ĕũ
ũ ũ ũ Ĕũ ũ ũ ũ ũ ũ ũ ũ ũ Ĕũ /.1ũ "#2!.-.!#1ũ 242ũ !34 ı +#2ũ ".,(!(+(.2Ĕũ 1#2("#-!( 2ũ .ũ (-"(5("4 +(" "#2Ĕũ 2#ũ +#2ũ ' !#ũ 2 #1ũ+.ũ04#ũ2(%4#Ėũ
ũ .ĔũćĐĉĒıĉćĈć ũ ũ Ĕũ
Ėũ Ėũ ũ ũ ũ Ĕũ ũ ũ ũ ũ ũ ũ ũ ũ
ũ ũ Ĕũ ũ ũ ũ Ĕũ ũ ũ ũ ũ Ĕũ ũ ũ ũ Ĕũ ũ ũ ũ Ĕũ ũ ũ ũ Ĕũ ũ ũ ũ Ĕũ ũ ũ ũ ũ ũ ũ ũ Ĕũ ũ ũ ũ Ĕũ ũ ũ ũ ũ ũ ũ ũ ũ ũ Ėũ ũ ũ ũ ũ ũ
ũ ũ ũ ũ ũ Ĕũ
ũ ũ ũ Ĕũ ũ ũ ũ ũ 8ũ ũ ũ ũ ũ Ėũ ũ
Ėũ ēũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ēēũ , 3.Ĕũ 5(#1-#2ũ ĈĊũ "#ũ , 8.ũ "#+ũ ĉćĈĈĔũ + 2ũ ĈĎ'ćČĔũ Ėũ 5.!.ũ !.-.!(,(#-3.ũ "#ũ + ũ /1#2#-3#ũ ! -2 Ĕũ #-ũ 5(134"ũ "#ũ ' #1ũ !.11#2/.-"(".ũ + ũ ,(2, ũ #-ũ 2.13#.ũ ũ #23 ũ
4"(! 341 ũ -ũ +.ũ /1(-!(/ +Ĕũ + ũ "#, -" ũ 04#ũ /1#!#"#Ĕũ #2ũ !+ 1 ũ 8ũ 1#Ì-#ũ +.2ũ 1#04(2(3.2ũ "#ũ #8ēũ/.1ũ+.ũ04#ũ2#ũ+ ũ ",(ı 3#ũ +ũ31;,(3#ũ+#% +ũ/#13(-#-3#Ĕũ .,.ũ"#ũ+ ũ$.3.!./( ũ!#13($(ı ! " ũ"#ũ+ ũ/ 13(" ũ"#ũ"#$4-ı !(¢-ũ "#ũ + ũ 2# .1(3 ũ ũ ũ ũ Ĕũ 04#ũ 2#ũ ' ũ /1#2#-3 ".Ĕũ 2#ũ ' ũ )423($(! ".ũ 24ũ $ ++#!(,(#-3.Ĕũ "#ũ ũ ũ ũ ũ ũ "#ũ +.2ũ (#-#2ũ "#) ".2ũ /.1ũ + ũ ! 42 -3#Ĕũ 1.!_" 2#ũ ũ+ ũ$ !ı !(¢-ũ "#ũ -5#-3 1(.2ũ 8ũ 5 +Ì.ũ "#ũ +.2ũ (#-#2ũ !.-ũ + ũ ũ !.-!4ı 11#-!( ũ "#ũ +.2ũ '#1#"#1.2ũ #ũ (-3#1#2 ".2ũ #-ũ + ũ 24!#2(¢-ũ 8ũ "#+ũ /#1(3.ũ 04#ũ ./.134- ı ,#-3#ũ ũ 2#ũ "#2(%- 1;ũ .1ũ !4 -3.ũ +.2ũ !3.1#2ũ "#!+ 1 -ũ !.-ũ )41 ,#-3.ũ 04#ũ +#2ũ ' ũ 2(".ũ (,/.2( +#ũ "#3#1,(- 1ũ #+ũ !34 +ũ ".,(!(+(.Ĕũ 1#2("#-ı !( ũ .ũ (-"(5("4 +(" "ũ "#ũ +.2ũ '#1#"#1.2ũ /1#24-3.2ũ 8ũ "#2ı !.-.!(".2ũ "#ũ + ũ ! 42 -3#ũ ũ ũ ũ Ĕũ 2~ũ ũ !.,.ũ "#ũ +.2ũ ũ ũ ũ ũ "#ũ +.2ũ ! 4ı 2 -3#2ũ ũ ũ ũ Ĕũ ũ ũ ũ ũ 8ũ ũ ũ ũ Ĕũ !.-$.1,#ũ +.ũ /1#2!1( #ũ #+ũ 13ēũ đĉũ "#ũ + ũ
."($(! !(¢-ũ "#+ũ ¢"(%.ũ "#ũ 1.!#"(,(#-3.ũ (5(+Ĕũ ũ ,#"( -3#ũ31#2ũ/4 +(! !(.-#2Ĕũ /.1ũ + ũ /1#-2 Ĕũ #-ũ 4-.ũ "#ũ +.2ũ ( 1(.2ũ ũ 04#ũ 2#ũ #"(3 -ũ #-ũ #23 ũ (4" "ũ "#ũ , 3.Ĕũ !.-ũ + ũ "#, -" ũ #-ũ $.1, ũ #731 !3 " ũ 8ũ + ũ /1#2#-3#ũ /1.5("#-!( ēũ ũ 4_-3#2#ũ !.-ũ +.2ũ 2# .1#2ũ +! +"#ũ "#ũ #23#ũ -3¢-ũ , 3.Ĕũ 1.!41 ".1ũ ~-"(!.ũ 4-(!(/ +Ĕũ ũ04(#-#2ũ 2#ũ+#2ũ-.3($(! 1;ũ#-ũ242ũ.$(!(ı - 2Ĕũ/ 1 ũ#+ũ#$#!3.Ĕũ!4_-3#2#ũ !.-ũ+ ũ $(!(- ũ"#ũ (3 !(.-#2ėũ "#,;2Ĕũ !4_-3#2#ũ !.-ũ #+ũ # .1ũ (1#!3.1ũ #%(.- +ũ .ēũ Čũ "#ũ '(, .1 9.ũ "#ũ + ũ 1.!41 "41~ ũ #-#1 +ũ "#+ũ 23 ".Ĕũ ũ 04(#-ũ 2#ũ +#ũ -.3(ı $(! 1;ũ ,#"( -3#ũ "#/1#! ı 3.1(.ũ +( 1 ".ũ ũ 4-.ũ "#ũ +.2ũ # .1#2ũ 4#!#2ũ"#ũ+.ũ (5(+ũ"#ũ + ũ 1.5(-!( ũ "#ũ '(, .1 9.Ĕũ !.-ũ ".,(!(+(.ũ #-ũ + ũ (4" "ũ "#ũ (. , ėũ8Ĕũ!.-ũ#+ũ # .1ũ 1#2("#-3#ũ "#ũ + ũ ēũ 4-3 ũ "#ũ #$#-2 ũ !(.- +Ĕũ ũ04(#-ũ2#ũ +#ũ-.3($(! 1;ũ,#"( -3#ũ"#/1#ı ! 3.1(.ũ +( 1 ".ũ ũ 4-.ũ "#ũ +.2ũ # .1#2ũ 4#!#2ũ "#ũ +.ũ (5(+ũ "#ũ+ ũ 1.5(-!( ũ"#ũ (!'(-!' Ĕũ !.-ũ".,(!(+(.ũ#-ũ+ ũ (4" "ũ"#ũ 4(3.ēũũ -2!1~ 2#ũ+ ũ"#, -" ũ #-ũ#+ũ #%(231.ũ"#ũ+ ũ 1./(#" "ũ "#ũ#23#ũ -3¢-ũ , 3.Ĕũ/ 1 ũ #+ũ #$#!3.Ĕũ -.3($~04#2#ũ +ũ $4-ı !(.- 1(.ũ1#2/#!3(5.ēũũ _-% 2#ũ !.,.ũ 1.!41 ".1ũ !.,Ì-ũ #-ũ + ũ/ 13#ũ !3.1 ũ +ũ2# .1ũ +.ũ "6(-ũ .+(2ũ .+(2ēũ ũ _-% 2#ũ #-ũ!4#-3 ũ#+ũ! 2(++#1.ũ)4"(!( +ũ 04#ũ 2# + ũ + ũ / 13#ũ !3.1 ũ / 1 ũ #$#!3.ũ "#ũ 242ũ -.3($(! ı !(.-#2ēũ ũ %1_%4#-2#ũ ũ +.2ũ 43.2ũ+ ũ".!4,#-3 !(¢-ũ / ı 1#) " ũ ũ+ ũ"#, -" ēũũ ~3#2#ũ 8ũ-.3($~04#2#ē (1, ũ +#%( +# ēũ ũ
#13($(!.Ė (1, ũ +#%( +# 1ēũ 1!.ũ + 9 1
.ũ 04#ũ 2#ũ /.-#ũ #-ũ !.-.!(ı ,(#-3.ũ/ 1 ũ+.2ũ$(-#2ũ+#% +#2ũ !.-2(%4(#-3#2ē (1, ũ +#%( +# ēũ ũ 8ũ4-ũ2#++. ĈĒĒČĐĵĒĒČďĎ 44
ũ ũ ēũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ
ũ ũ ũ ũ ũ ēıũ #-31.ũ "#+ũ )4(!(.ũ #2/#!( +ũ "(2.+4!(¢-ũ "#ũ + ũ 2.!(#ı " "ũ !.-84% +ũ 2#%4(".ũ /.1ũ ũ ũ ũ ũ #-ũ !.-31 ũ "#ũ ũ ũ ũ ũ Ĕũ 2#ũ ' ũ "(2/4#2ı 3.ũ !(3 1ũ /.1ũ + ũ /1#-2 ũ /.1ũ "#2!.-.!#1ũ + ũ 1#2("#-!( ũ .ũ ".,(!(+(.ũ "#ũ + ũ "#, -" ı " ũ "#ũ !.-$.1,(" "ũ !.-ũ +.ũ 04#ũ "(2/.-#ũ #+ũ 13ēũ đĈČũ "#+ũ ¢"(%.ũ "#ũ 1.!#"(,(#-3.ũ (5(+ũ2#ũ+#ũ' !#ũ2 #1ēıũ
ũ ũ ũ ũ
ũ ũ ũ ČĊĉıũ ĉćĈĈ ũ ũ ũ ũ ũ ¡ ũ ũ
ũ ũ
ũ ũ ũ ũ ũ ũ ũ ũ
ũ ēũ ũ
ũ ũ ũ
ũ ũ ũ ũ ũ ũ ēũ , 3.ēũ, 13#2ũĉđũ"#ũ)4-(.ũ "#+ũĉćĈĈĔũ+ 2ũĈć'Ĉĉēũ Ėũ
ũ"#, -" ũ/1#2#-3 " ũ/.1ũ ũ ũ ũ ũ #2ũ !+ 1 ũ 8ũ +#% +ũ 2#ũ+ ũ !#/3 ũ +ũ31;,(3#ũ#2/#ı !( +ũ 2.+(!(3 ".ēũ .1ũ ' #12#ũ "#!+ 1 ".ũ ).ũ)41 ,#-3.ũ+ ũ (,/.2( (+(" "ũ"#ũ"#3#1,(- 1ũ + ũ 1#2("#-!( ũ !34 +ũ "#ũ + ũ "#, -" " Ĕũ !~3#2#ũ ũ ũ ũ ũ Ĕũ ,#"( -3#ũ31#2ũ/4 +(! !(.-#2Ĕũ #-ũ4-ũ"( 1(.ũ"#ũ, 8.1ũ!(1!4ı + !(¢-ũ "#ũ #23 ũ !(4" "ũ ũ $(-ũ "#ũ 04#ũ !.-3#23#ũ Ì-(! ,#-ı 3#ũ "#ũ !.-$.1,(" "ũ !.-ũ +.ũ "(2/4#23.ũ#-ũ#+ũ 13ĔũđĈČũ"#+ũ ¢"(%.ũ "#ũ 1.!#"(,(#-3.ũ (5(+ũ %1_%4#2#ũ +ũ /1.!#ı 2.ũ #+ũ ".!4,#-3.ũ ")4-3.ēũũ ¢,#2#ũ #-ũ !4#-3 ũ + ũ ! 2(++ ũ )4"(!( +ũ 2# + " ũ / 1 ũ /.2ı 3#1(.1#2ũ -.3($(! !(.-#2ũ 8ũ + ũ 43.1(9 !(¢-ũ 04#ũ !.-$(#1#ũ ũ 24ũ "#$#-2.1ēũ ~3#2#ũ 8ũ -.3(ı $~04#2#ēıũ $Ĺũ 1ēũ 4(2ũ (++ !~2ũ -2#!.ũ 4#9ũ #73.ũ "#ũ +.ũ (5(+Ĕũ #13($(! ũ #+ũ #!1#3 1(.ũ $Ĺũ 1ēũ .1%#ũ 11(++.ũ ēı
.ũ04#ũ!(3.ũ ũ423#"ũ/ 1 ũ+.2ũ $(-#2ũ +#% +#2ũ /1#5(-(_-".+#ũ "#ũ + ũ . +(% !(¢-ũ 04#ũ 3(#-#ũ 04#ũ2# + 1ũ! 2(++#1.ũ)4"(!( +ũ / 1 ũ242ũ$4341 2ũ-.3($(! !(.ı -#2ēıũ , 3.Ĕũ 4+(.ũĈĉũ"#+ũĉćĈĈē (1, ũ +#%( +# ēũ ũ
ũ ē 8ũ4-ũ2#++. ĉććďđĵĈććććĎ
ũ
ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ 8ũ ũ ũ ũ Ĕũ /.1ũ "#2ı !.-.!#1ũ"#ũ242ũ !34 +#2ũ".,(ı !(+(.2Ĕũ 1#2("#-!( 2ũ .ũ (-"(5("4 ı +(" "#2Ĕũ 2#ũ +#2ũ ' !#ũ 2 #1ũ +.ũ 04#ũ2(%4#Ė ũ ũ
Ėũ Ėũ ũ ũ ũ ũ ĖũćĊĎĈıĉćĈĈ Ėũ ũ ũ ũ ũ Ėũ ũ ũ ũ
ũ ũ ĖũŌũČćććĔ..ũ
Ėũ ēũ ũ
ũ ũ ũ ũ ũ ũ ēũũ , 3.Ĕũ +4-#2ũ ďũ "#ũ )4-(.ũ "#+ũ ĉćĈĈĔũ + 2ũ Ĉď'Ďďēũ ũ Ėũ 5.!.ũ !.-.!(,(#-3.ũ "#ũ + ũ /1#2#-3#ũ ! 42 ũ #-ũ ! +(" "ũ "#ũ
4#9ũ 3(34+ 1ũ ũ "#ũ #23#ũ ũ 49% ".Ĕũ 8Ĕũ /.1ũ ' #1ũ !.11#2/.-"(".ũ + ũ ,(2, Ĕũ #-ũ 2.13#.Ĕũ ũ #23 ũ
4"(! 341 ēıũ -ũ +.ũ /1(-!(/ +Ĕũ + ũ "#, -" ũ04#ũ/1#!#"#ũ#2ũ!+ 1 Ĕũ /1#!(2 ũ 8ũ 1#Ì-#ũ +.2ũ 1#04(2(3.2ũ +#% +#2ēıũ -ũ !.-2#!4#-!( Ĕũ 2#ũ + ũ !#/3 ũ +ũ 31;,(3#ũ "#ũ )4(!(.ũ .1"(- 1(.Ĕũ ũ "(2/.-(_-".2#ũ 04#ũ +.2ũ "#, -" ".2ũ ũ ũ ũ ũ8ũ ũ
ũ ũ Ĕũ /1#2#-3#-ũ + 2ũ #7!#/!(.-#2ũ "(+ 3.1( 2ũ 8ũ /#1#-3.1( 2ũ "#ũ + 2ũ !4 +#2ũ 2#ũ !1#8#1#-ũ 2(23(ı ".2Ĕũ #-ũ #+ũ 3_1,(-.ũ "#ũ 04(-ı !#ũ "~ 2ēıũ 3#-3.ũ #+ũ )41 ,#-3.ũ !.-2(%- ".ũ /.1ũ +.2ũ !3.1#2ũ 8ũ +.ũ "(2/4#23.ũ /.1ũ #+ũ 13ēũ đĉũ "#ũ + ũ ."($(! !(¢-ũ "#+ũ ¢"(%.ũ "#ũ 1.!#"(,(#-3.ũ (5(+Ĕũ !~3#2#ũ ũ ũ ũ ũ ũ 8ũ ũ ũ ũ Ĕũ /.1ũ + ũ /1#-2 Ĕũ #-ũ 4-.ũ"#ũ+.2ũ/#1(¢"(!.2ũ"#ũ, 8.1ũ !(1!4+ !(¢-ũ "#ũ #23 ũ !(4" "ēıũ %1_%4#-2#ũ +ũ /1.!#2.ũ +.2ũ (-2314,#-3.2ũ 04#ũ 2#ũ !.,/ ı -ũ8ũ3¢,#2#ũ-.3 ũ"#+ũ! 2(++#1.ũ )4"(!( +ũ 2# + ".ũ /.1ũ + ũ !3.ı 1 ũ / 1 ũ 1#!( (1ũ -.3($(! !(.-#2ēũũ ~3#2#ũ8ũ .3($~04#2#ē (1, ũ +#%( +# ēũ ũ
#13($(!.Ėũ (1, ũ +#%( +# 1ēũ 1!.ũ + 9 1
.ũ04#ũ2#ũ/.-#ũ#-ũ!.-.!(,(#-ı 3.ũ "#ũ + ũ "#, -" " Ĕũ / 1 ũ +.2ũ $(-#2ũ+#% +#2ũ!.-2(%4(#-3#2ē (1, ũ +#%( +# 1ēũ 1!.ũ + 9 1ũ #+ 2!.ē ē 8ũ4-ũ2#++. ĉććĈĈĵĒĒĐĒĊ
ũ ũ ũ ũ ũ ũ + ũ ũ ũ ēũ + ũ ũ ũ ũ ũ ũ ēũ ũ ũ ũ ũ ũ ũ ũ ũ Ĕũ ũ ũ ũ ũ ũ ^ Ĕũ ũ ¡ ũ }
Ĕũ ũ ũ ēũ ũ ũĐĎđıĉćĈĈı ũ ēũ Ėũ .2 ũ 1~ ũ 2/#1 -9 ũ ;-!'#9ũ (/ -3 2(%ēũ Ėũ #%4-".ũ +#) -"1.ũ 4 -.ũ (2 +(3(-Ĕũũ 1#2("#-3#ũ"#+ũ (1#!3.1(.ũ"#ũ %4 2ũ"#ũ+ ũ !#04( ũ ' %1 2 !' ũ 8ũ.31 ũ ũ ũ ũ + Ėũ .-!#2(¢-ũ "#+ũ #1#!'.ũ "#ũ 2.ũ 8ũ /1.5#!' ,(#-3.ũ "#ũ %4 2ũ 04#ũ "(2!411#-ũ /.1ũ + ũ !#04( ũ ' %1 2 !' Ĕũ 4 (! " 2ũ #-ũ + ũ / 11.04( ũ -ũ -"1_2Ĕũ"#+ũ! -3¢-ũ ~++ 1.Ĕũ 1.5(-!( ũ"#ũ 4-%41 '4 Ĕũ %4 2ũ 04#ũ 2#1;-ũ 43(+(9 " 2ũ / 1 ũ 1(#%.Ĕũ!.-ũ4-ũ! 4" +ũ"#ũĎũ+ĵ2ēũ ēũ ũ ũ ũ ēıũ ũ ũ ũ ıũ ũ ũ ēıũ , 3.Ĕũ ũĈďũ"#ũ 19.ũ"#+ũĉćĈĈēıũ
2ũĈć ĉćēıũ ēıũ -ũ+.ũ/1(-ı !(/ +ũ + ũ 2.+(!(34"ũ "#ũ .-!#2(¢-ũ "#ũ %4 2ũ 04#ũ "(2!411#-ũ /.1ũ + ũ !#04( ũ ' %1 2 !' ēũ 4 (! " 2ũ #-ũ + ũ / 11.04( ũ -ũ -"1_2Ĕũũ "#+ũ ! -3¢-ũ ~++ 1.Ĕũ /1#2#-3 ı ".ũ /.1ũ + ũ 2# .1 ũ .2 ũ 1( ũ 2/#1 -9 ũ ;-!'#9ũ (/ -3 2(%Ĕũ #2ũ !+ 1 ũ !.,/+#3 ũ 8ũ 1#Ì-#ũ +.2ũ "#,;2ũ 1#04(2(3.2ũ "#ũ +#8ũ /.1ũ +.ũ 04#ũ 2#ũ !#/3 ũ ũ 31 ,(3#ēıũ -ũ !.-2#!4#-!( ũ 2#ũ "(2/.-#Ėũ Ĉēıũ ~3#2#ũ ũ +.2ũ 424 1(.2ũ !.-.!(".2ũ .ũ -.Ėũ 2# .1ũ #%4-".ũ +#) -"1.ũ 4 -.ũ (2 +(3(-Ĕũ 1#2("#-3#ũ "#+ũ (1#!3.1(.ũ "#ũ %4 2ũ "#ũ + ũ !#04( ũ ' %1 2 !' ũ 8ũ 2# .1 ũ 1~ ũ 4 - ũ 3(+"#ũ ;-!'#9ũ (/ -3 2~%Ĕũ ,#"( -3#ũ !.,(2(¢-ũ +( 1 " ũ +ũ2# .1ũ #-(#-3#ũ .+(3(!.ũ "#ũ + ũ / 11.04( ũ -ũ -"1_2Ĕũ ũ 04(#-#2ũ 2#ũ +#2ũ !.-!#"#ũ #+ũ 3_1ı ,(-.ũ"#ũđũ"~ 2ũ/ 1 ũ04#ũ!.-3#2ı 3#-ũ 2# + -".ũ ".,(!(+(.ũ +#% +Ĕũ / 1 ũ $4341 2ũ -.3($(! !(.-#2ēıũ ĉēıũ ~3#2#ũ ũ +.2ũ 424 1(.2ũ !.-.!(".2ũ .ũ -.Ĕũ /.1ũ + ũ /1#-2 Ĕũ #-ũ 4-.ũ "#ũ +.2ũ"( 1(.2ũ +ũ #1 +".ũ.ũ ũ .1 ũ 04#ũ2#ũ#"(3 -ũ#-ũ#23 ũ!(4" "ũ"#ũ , 3.ũ,#"( -3#ũ+ ũ/4 +(! !(¢-ũ "#ũ4-ũ#731 !3.ũ"#ũ#23 ũ/#3(!(¢-ũ8ũ #23 ũ/1.5("#-!( Ĕũ/.1ũ31#2ũ5#!#2Ĕũ ,#"( -".ũ"#ũ4- ũ ũ.31 ũ#+ũ/+ 9.ũ "#ũđũ"~ 2ũ"#ũ!.-$.1,(" "ũ!.-ũ#+ũ 13ēũ đĐũ "#ũ + ũ #8ũ "#ũ %4 2ēũ ıũ Ċēũ
ıũ 4#ũ2#ũ!(3#ũ ũ+.2ũ424 1(.2ũ!.-.ı !(".2ũ .ũ -.ũ /.1ũ ! 13#+#2ũ 04#ũ 2#ũ $() 1;-ũ#-ũ31#2ũ"#ũ+.2ũ/ 1 )#2ũ,;2ũ $1#!4#-3 ".2ũ "#ũ + ũ / 11.04( ũ -ũ -"1_2Ĕũ ,#"( -3#ũ !.,(2(¢-ũ +( 1 " ũ +ũ2# .1ũ #-(#-3#ũ .+~3(!.ũ "#ũ + ũ (-"(! " ũ / 11.04( ıũ ũ "#2(%- !(¢-ũ"#ũ #1(3.ũ2#ũ+ ũ' 1;ũ #ũ4- ũ$#!' ũ04#ũ./.134- ,#-3#ũ 2#ũ2# + 1;ēıũ %1_%4#2#ũ+ ũ".!4ı ,#-3 !(¢-ũ ")4-3 Ĕũ "#2%+¢2#2#ũ + ũ ,(2, Ĕũ 8ũ "#) -".ũ !./( 2ũ #-ũ 43.2Ĕũ "#54_+5 2#ũ +.2ũ .1(%(- ı +#2ēıũ #ũ 2#-3 1;ũ + ũ 1 9¢-ũ !.11#2ı /.-"(#-3#ēũ + ēıũ $Ĺũ -%ēũ 4(2ũ + 9 1ũ . / -3 Ĕũ ..1"(- ".1ũ #%(.- +ũ "#, 1! ı !(¢-ũ ("1.%1;$(! ũ "#+ũ 23 9 ēıũ !#-31.ũ .- +ũ , 3.ēıũ (%4#ũ !#13($(! !(¢-ēıũ
.ũ 04#ũ !.,4-(!.ũ +ũ /Ì +(!.ũ #-ũ %#-#1 +ũ/ 1 ũ+.2ũ$(-#2ũ"#ũ+#8ũ!.-ı 2(%4(#-3#2Ĕũ /1#5(-(_-".+#2ũ "#ũ + ũ . +(% !(¢-ũ04#ũ3(#-#-ũ"#ũ2# + 1ũ ".,(!(+(.ũ +#% +ũ "#-31.ũ "#+ũ /#1~ı ,#31.ũ 41 -.ũ "#ũ _23 ũ %#-!( Ĕũ / 1 ũ$4341 2ũ-.3($(! !(.-#2ēũ (1, ũ(+#%( +#
(!ēũ 1+.2ũ 13~-#9 #!1#3 1(.ũĸ Ĺ 8ũ4-ũ2#++. ĈĒďďČĵĒĒĒĊĐ
ũ ũ ũ ũ ũ ũ ēũ ũ ēũ ũ ũ ũ ũ ũ ũ ũ Ĕũ "#ũ 04(#-ũ #-ũ 5(" ũ 2#ũ ++ ,¢ũ ũ ũ ũ Ĕũ ũ ũ ũ ũěēēũ Ėũ ũ .ēũ ĉćĈĈı ćĈďĊũ Ėũ ũ ũ ũ Ėũ ũ ũ Ĕũ ũ ũ ũ ũ ũ ũ ũ ũ Ĕũ "#ũ 04(#-ũ #-ũ 5(" ũ 2#ũ ++ ,¢ũ ũ ũ ũ ėũ
Ėũ ēũ ũ ũ ũ ĖũŌĎćēćććĔććũ Ėũ
ũ ũ ũ ũ ũ ēıũ , 3.Ĕũ )4#5#2ũ Ċćũ "#ũ )4-(.ũ "#+ũ ĉćĈĈĔũ + 2ũ ćĒ'ČĎēıũ ēıũ 5.!.ũ !.-.!(,(#-3.ũ #-ũ + ũ /1#ı 2#-3#ũ ! 42 Ĕũ 04#ũ /.1ũ #+ũ 2.13#.ũ ' ũ !.11#2/.-"(".ũ ũ #23 ũ )4"(ı ! 341 ēũ ũ "#, -" ũ "#"4!(" ũ /.1ũ ũ ũ Ĕũ2#ũ+ ũ! +($(! ũ"#ũ!+ 1 Ĕũ /1#!(2 ũ8ũ04#ũ1#Ì-#ũ+.2ũ1#04(2(3.2ũ "#ũ #8Ĕũ/.1ũ+.ũ04#ũ2#ũ+ ũ ",(3#ũ ũ 31;,(3#ũ #-ũ /1.!#"(,(#-3.ũ .1 +Ĕũ 2#%Ì-ũ#+ũ 13~!4+.ũĎĐĎũ"#+ũ ¢"(%.ũ "#+ũ 1 ).ēũ -ũ !.-2#!4#-!( Ĕũ !.-ũ #+ũ !.-3#-(".ũ "#ũ + ũ "#, -ı " ũ 8ũ #23#ũ 43.ũ !~3#2#ũ ũ ũ ũ ũ ũ ũ ũ ũ Ĕũ #-ũ #+ũ +4% 1ũ 04#ũ !.-23 ũ (-"(! ".ũ #-ũ #+ũ +( #+.ũ (-(!( +Ĕũ 2~ũ !.,.ũ ũ +.2ũ ũ ũ ũ Ĕũ "#ũ 04(#-ũ #-ũ 5(" ũ 2#ũ ++ ,¢ũ ũ ũ ũ Ĕũ ũ #23.2ũ Ì+3(,.Ĕũ ,#"( -3#ũ .ũ /4 +(! !(¢-ũ /.1ũ + ũ /1#-2 Ĕũ !.-$.1,#ũ +ũ 13ēũ đĉũ"#+ũ ¢"(%.ũ"#ũ 1.!#"(,(#-3.ũ (5(+Ĕũ "# (#-".ũ /1#5#-~12#+#2ũ 04#ũ"# #-ũ2# + 1ũ! 2(++ ũ)4"(!( +ũ / 1 ũ /.23#1(.1#2ũ -.3($(! !(.-#2ēũ #ũ !.-$.1,(" "ũ !.-ũ #+ũ Ì+3(,.ũ (-!(".ũ"#+ũ 13ēũĎĐďũ"#+ũ ¢"(%.ũ"#ũ 1 ).Ĕũ + ũ 4"(#-!( ũ /1#+(,(- 1ũ "#ũ !.-!(+( !(¢-Ĕũ !.-3#23 !(¢-ũ ũ + ũ "#, -" ũ 8ũ $.1,4+ !(¢-ũ "#ũ /14# 2Ĕũ 2#ũ 2# + 1;ũ 4- ũ 5#9ũ !4,/+(" ũ+ 2ũ!(3 !(.-#2Ĕũ 4"(#-ı !( ũ ũ+ ũ04#ũ"# #1;-ũ!.-!411(1ũ+ 2ũ / 13#2ũ ũ .ũ /.1ũ ,#"(.ũ"#ũ/1.!41 ".1ũ)4"(!( +ũ!.-ũ $ !4+3 "#2ũ / 1 ũ 31 -2(%(1Ĕũ /#1ı !( (_-".2#ũ 04#ũ 2#ũ /1.!#"#1;ũ #-ũ 1# #+"~ ũ "#ũ 04(#-ũ -.ũ !.-!411 ēũ (-ũ /#1)4(!(.ũ "#ũ 24ũ #7/.2(!(¢-ũ .1 +Ĕũ +.2ũ "#, -" ".2ũ "# #1;-ũ /1#2#-3 1ũ 24ũ !.-3#23 !(¢-ũ /.1ũ Ĕũ !.-ũ 31#2ũ !./( 2ēũ 1 ũ + 2ũ -.3($(! !(.-#2ũ +ũ "#, -" -ı 3#Ĕũ 3_-% 2#ũ #-ũ !4#-3 ũ + ũ ! 2(ı
++ ũ )4"(!( +ũ -Ì,#1.ũ Čďđēũ 04#ũ 2#ũ ' ũ 2# + ".Ĕũ 2~ũ !.,.ũ + ũ 43.1(9 !(¢-ũ 04#ũ ' !#ũ ũ 24ũ "#$#-2.1 ēũ 4_-3#2#ũ !.-ũ #+ũ -2/#!3.1ũ"#+ũ 1 ).ēũ +ũ !3.1ũ $ !(+(3#ũ + 2ũ !./( 2ũ -#!#2 1( 2ũ 8ũ #+ũ 31 -2/.13#ũ / 1 ũ !4,/+(1ũ !.-ũ + ũ !(3 !(¢-ũ "#-31.ũ "#+ũ 3_1,(-.ũ +#% +Ĕũ 2~ũ !.,.ũ +.2ũ ! 22#33#2ũ "#ũ 4"(.ũ / 1 ũ %1 ı 1ũ + 2ũ 4"(#-!( 2ēıũ ~3#2#ũ 8ũ -.3($~04#2#ēũ $Ĺēıũ ēũ ũ ũ Ĕũ ũ ēũ
.ũ 04#ũ !.,4-(!.ũ ũ 423#"#2ũ / 1 ũ +.2ũ $(-#2ũ "#ũ #8Ĕũ /1#5(ı -(_-".+#2ũ"#ũ+ ũ. +(% !(¢-ũ04#ũ 3(#-#-ũ "#ũ 2# + 1ũ ! 2(++ ũ )4"(ı !( +ũ/ 1 ũ242ũ-.3($(! !(.-#2ēıũ , 3.Ĕũ)4-(.ũĊćũ"#+ũĉćĈĈē (1, ũ +#%( +# 1 ēũ .18ũ (1 ".ũ + !(.2
8ũ4-ũ2#++. ĉććĈĉĵĒĒĐĒĎ
ũ ũ ũ
#ũ 5 ũ ũ /1.!#"#1ũ ũ -4+ 1ũ + ũ 4#-3 ũ "#ũ '.11.2ũ .ũ ĈćĈČĊČđĈđĐũ /#13#-#!(#-3#ũ ũ ũ ũ ėũ /.1ũ ' #12#ũ #731 ı 5( ". , 3.Ĕũ ũĈĈũ"#ũ)4+(.ũ"#ũĉćĈĈ ŇĒĒĒđČ
+ĹŠ #1#!'.ĹŠ ĹŠ+ ĹŠ
( #13 "Ŋ #12.- + ĖŊ ēŊ Ŋ Ŋ
7d|b_i_i Z[iZ[ [b FWYje Z[ IWd @eiƒ o bWi 9edij_jkY_ed[i 7dZ_dWi 9edi_Z[hWY_ed[i Fh[b_c_dWh[i ;dlk[bjW [d bW Wded_c_W" f[he Wkh[ebWZW feh dejWXb[ f[hif_YW# Y_W `kh‡Z_YW" bei hecWdei Z[Y‡Wd0 ÆB_X[hjWi [ij fej[ijWi \WY_[dZ_ _Z gkeZ @kh[ b_Y[jÇ" \hWi[ gk[ jhWZkY_ZW Wb [ifW‹eb i[ [dj_[dZ[ Yece ÆBW b_X# [hjWZ [i bW \WYkbjWZ Z[ ^WY[h be gk[ [b Z[h[Y^e f[hc_j[Ç$ ;ij[ YedY[fje \k[ i_d ZkZW WdWb_pWZe feh bei Wkjeh[i Z[b FWYje Z[ IWd @eiƒ Z[ 9eijW H_YW" ZeYkc[dje cWhYe [d be gk[ W Z[h[Y^ei ^kcWdei \kdZWc[d# jWb[i i[ h[\_[h[ [d dk[ijhei fW‡i[i" [b c_ice gk[ [d [b dkc[hWb ' Z[b 7hj$ - i[‹WbW0 ÆJeZW f[hiedW j_[d[ Z[h[Y^e W bW b_X[hjWZ o W bW i[]kh_ZWZ f[hiedWb[iÇ$ Bei Yedij_jko[dj[i [YkWjeh_W# dei _cXk_Zei feh [b [if‡h_jk Z[ [ijW Z_ifei_Y_ÂŒd [d [b dkc[hWb ( Z[b 7hj$ -- Z[ bW 9edij_jkY_ÂŒd l_][dj[ W fWhj_h Z[b (& Z[ eYjkXh[ Z[b (&&." iWYhWb_pWhed gk[0 ÆD_d]kdW f[hiedW feZh| i[h WZc_# j_ZW [d kd Y[djhe Z[ fh_lWY_ÂŒd Z[ b_X# [hjWZ i_d kdW ehZ[d [iYh_jW [c_j_ZW feh `k[pW e `k[p Yecf[j[dj[" iWble [d YWie Z[ Z[b_je \bW]hWdj[$ BWi f[hiedWi fhe# Y[iWZWi e _dZ_Y_WZWi [d `k_Y_e f[dWb gk[ i[ ^Wbb[d fh_lWZWi Z[ b_X[hjWZ f[hcWd[Y[h|d [d Y[djhei Z[ fh_lWY_ÂŒd fhel_i_edWb Z[ b_X[hjWZ b[]Wbc[dj[ [ijWXb[Y_ZeiÇ$ @kij_d_Wde jhWdiYh_X_ÂŒ [d [b :_][ije [b YedY[fje o bWi fWbWXhWi i_c_bWh[i Z[ <beh[dj_de0 bW b_X[hjWZ [i bW \WYkbjWZ Z[ ^WY[h YWZW kde be gk[ b[ fbWpYW" iWble _cf[Z‡hi[be bW \k[hpW e [b Z[h[Y^e$ 7‘d [dYWZ[dWZW" bW b_X[hjWZ" [i jWd ]hWdZ[ gk[ =Woe bW Yed# i_Z[hWXW Yece [b cWoeh Z[ bei X_[d[i0 ÆB_X[hjWi ecd_Xki h[Xki \WlehWX_b_eh [ijÇ YkoW jhWZkYY_ÂŒd \_Z[Z_]dW W dk[ijhW b[d]kW [i0 ÆBW b_X[hjWZ [i bW c|i fh[Y_WZW Z[ bWi YeiWiÇ$ Feh be [nfk[ije" de [n_ij[ cWoeh Z_i[die Wb i[‹WbWhi[ gk[ [ij[ Z[h[Y^e ^kcWde \kdZWc[djWb de fk[Z[ i[h b_c_jWZe i_de [d \ehcW WXiebkjWc[dj[ `kij_\_YWZW$ BW WdkbWY_ÂŒd Z[ bW b_X[hjWZ f[h# iedWb" de fheY[Z[" Wb c[dei [d kdW ieY_[ZWZ Y_l_b_pWZW" [d \ehcW WhX_jhWh_W$ ;ije be YediW]hW [b dkc[hWb ( Z[b 7hj$ - Z[ bW 9edl[dY_ÂŒd ?dj[hWc[h_YWdW Z[ :[h[Y^ei >kcWdei e FWYje Z[ IWd @eiƒ" cWj[h_W Z[ [ij[ Xh[l[ [ijkZ_e0 ÆDWZ_[ fk[Z[ i[h fh_lWZe Z[ ik b_X# [hjWZ \‡i_YW" iWble feh bWi YWkiWi o [d
bWi YedZ_Y_ed[i \_`WZWi Z[ Wdj[cWde feh bWi 9edij_jkY_ed[i Feb‡j_YWi Z[ bei ;ijWZei FWhj[i e feh bWi b[o[i Z_YjWZWi Yed\ehc[ W [bbWiÇ$ JWd jhWiY[dZ[djWb [d cWj[h_W \_beiÂŒ\_YW [i [ij[ YedY[fje gk[" hWj_\_YWdZe W ik Yeb[]W Kbf_Wde" [b c_ice =Woe" [nYbWcWXW0 ÆB_X[hjWi f[Ykd_W bk_ ded fej[ijÇ" gk[ i_]d_\_YW ÆbW b_X[hjWZ de i[ fk[Z[ fW]Wh Yed Z_d[heÇ$ 9_[hje [i gk[ bei f_hWjWi iWhhW# Y[dei Yed bei Yh_ij_Wdei c[Z_e# [lWb[i o bei ]k[hh_bb[hei cehk# dei Yed bei fh_i_ed[hei Z[ ]k[hhW Z[b i_]be NN" Z[ceijhWh‡Wd gk[ Wgk[b _di_]d[ `kh_ijW de i_[cfh[
Z[ Cedj[Yh_ij_" WYj_lWZW ]hWY_Wi Wb feZ[h Yedij_jko[dj[ i[ Z[j[h# c_dW" [d [b dkc[hWb ' Z[b 7hj$ --" WYehZ[ Wb FWYje Z[ IWd @eiƒ" gk[0 ÆBW fh_lWY_ÂŒd Z[ bW b_X[hjWZ i[ Wfb_# YWh| [nY[fY_edWbc[dj[ YkWdZe i[W d[Y[iWh_W fWhW ]WhWdj_pWh bW YecfW# h[Y[dY_W [d [b fheY[ie" e fWhW Wi[]khWh [b Ykcfb_c_[dje Z[ bW f[dW1 fheY[Z[h| feh ehZ[d [iYh_jW Z[ `k[pW e `k[p Yec# f[j[dj[" [d bei YWiei" feh [b j_[cfe o Yed bWi \ehcWb_ZWZ[i [ijWXb[Y_ZWi [d bW b[o$$$Ç De eXijWdj[ jeZe be i[‹WbWZe" [d bW h[Wb_ZWZ fheY[iWb o Yece Wj[dkWY_ÂŒd f[d_j[dY_Wh_W" i[ [dj_[dZ[ W bW b_X[hjWZ f[hiedWb
Ä ÄŠĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
`k[p k ejhe \kdY_edWh_e Wkjeh_pWZe feh bW b[o fWhW [`[hY[h \kdY_ed[i `kZ_# Y_Wb[i o j[dZh| Z[h[Y^e W i[h `kp]WZW Z[djhe Z[ kd fbWpe hWpedWXb[ e W i[h fk[ijW [d b_X[hjWZ" i_d f[h`k_Y_e Z[ gk[ Yedj_d‘[ [b fheY[ie$ Ik b_X[hjWZ feZh| [ijWh YedZ_Y_edWZW W ]WhWdj‡Wi gk[ Wi[]kh[d ik YecfWh[Y[dY_W [d [b `k_Y_eÇ$ Feh eXl_Wi Yedi_Z[hWY_ed[i [ij[ feijkbWZe ]kWhZW h[bWY_ÂŒd Z_h[Y# jW Yed [b fh_dY_f_e Yedij_jkY_edWb Yedj[d_Ze [d [b dkc[hWb ) Z[b 7hj$ -- Z[ bW 9edij_jkY_ÂŒd [YkWjeh_WdW gk[ Z_Y[0 ÆJeZW f[hiedW" [d [b cec[dje Z[ bW Z[j[dY_ÂŒd" j[dZh| Z[h[Y^e W YedeY[h [d
WY[hjWXW" f[he be [i[dY_Wb fWhW [ij[ Wd|b_i_i [i fh[Y_iWh gk[ [b dkc[hWb ) Z[b 7hj$ - Z[b FWYje Z[ IWd @eiƒ" Yecfb[c[djWdZe be fh[l_e" Z_Y[0 ÆDWZ_[ fk[Z[ i[h iec[j_Ze W Z[j[d# Y_ÂŒd e [dYWhY[bWc_[dje WhX_jhWh_eiÇ 7^ehW X_[d" h[YehZ[cei gk[ FWkbe" W ik l[p" [nfh[iWXW0 ÆB_X[hjWi WZ j[cfki ZWh_ ded fej[ijÇ gk[ [d [ifW‹eb i[ jhWZkY[ Yece ÆBW b_X[hjWZ de i[ fk[Z[ YedY[Z[h j[cfe# hWbc[dj[Ç ;d bW 7iWcXb[W [YkWjeh_WdW
h[leYWXb[ e [d YkejWi gk[ h[f# h[i[djWd _dij_jkY_ed[i Yece bW b_X[hjWZ fhel_i_edWb Z[ bei fheY# [iWZei o bW b_X[hjWZ YedZ_Y_edWb Z[ bei YedZ[dWZei Z[ [`[cfbWh YecfehjWc_[dje kbj[h_eh$ BW b_X[hjWZ [d dk[ijhei fW‡i[i bWc[djWXb[c[dj[ i[ ikfh_c[" i_d h[if[jWh bei fheY[Z_c_[djei fh[# l_ijei [d bWi b[o[i$ ;d [b dkc[hWb + Z[ 7hj$ - Z[ bW 9edl[dY_ÂŒd ?dj[hWc[h_YWdW i[ Z_ifed[ gk[$ ÆJeZW f[hiedW Z[j[d_ZW e h[j[d_ZW Z[X[ i[h bb[lWZW" i_d Z[cehW" Wdj[ kd
\ehcW YbWhW o [d kd b[d]kW`[ i[dY_bbe bWi hWped[i Z[ ik Z[j[dY_ÂŒd" bW _Z[d# j_ZWZ Z[ bW `k[pW e `k[p" e Wkjeh_ZWZ gk[ bW ehZ[dÂŒ" bW Z[ gk_[d[i bW [`[YkjWd o bW Z[ bWi f[hiedWi h[ifediWXb[i Z[b h[if[Yj_le _dj[hhe]Wjeh_eÇ$ BWi FWhj_ZWi" _dif_hWZWi [d [b :_][ije" YWhWYj[h_pWXWd bW b_X# [hjWZ YkWb ÆfeZ[h‡e gk[ ^W jeZe ^ecXh[ dWjkhWbc[dj[ Z[ ^WY[h be gk[ gk_i_[i[" iÂŒbe gk[ \k[hpW e Z[h[Y^e Z[ b[o e Z[ \k[he i[ be [cXWh]k[Ç$ F[he" i[ fk[Z[ j[d[h Z[h[Y^e W bW b_X[hjWZ YkWdZe i[ [i
Ä Äˆ
[njhWd`[he o de i[ ^WXbW i_gk_[hW bW b[d]kW Z[b fW‡i [d [b gk[ i[ [i Z[j[d_Ze$ 7b h[if[Yje [b dkc[hWb + Z[b Y_jWZe 7hj$ -- Z[ bW 9edij_jkY_ÂŒd [YkWjeh_WdW" bW c|i WlWdpWZW Z[ jeZWi [d 7cƒh_YW BWj_dW" Z_Y[0 ÆI_ bW f[hiedW Z[j[d_ZW \k[hW [njhWd# `[hW" gk_[d bb[l[ W YWXe bW Z[j[dY_ÂŒd _d\ehcWh| _dc[Z_WjWc[dj[ Wb h[fh[# i[djWdj[ YedikbWh Z[ ik fW‡iÇ$ F[he lWcei kd feYe c|i Wbb|" [d <hWdY_W" [d bW :[YbWhWY_ÂŒd Z[ bei :[h[Y^ei Z[b >ecXh[ o Z[b 9_kZWZWde" bW b_X[hjWZ i[ YediW]hÂŒ Yece :[h[Y^e <kdZWc[djWb o ‘d_YWc[dj[ [hW ikiY[fj_Xb[ Z[ i[h b_c_jWZW [d \kdY_ÂŒd Z[b Z[X_Ze fheY[ie$ ;d [iW b‡d[W" [b dkc[hWb ( Z[b 7hj$ . Z[ bW 9edl[dY_ÂŒd 7c[h_YWdW Z[ :[h[Y^ei >kcWdei Z[j[hc_dW0 ÆZkhWdj[ [b fheY[ie" jeZW f[hiedW j_[d[ Z[h[Y^e" [d fb[dW _]kWbZWZ" W bWi i_]k_[dj[i ]WhWdj‡Wi c‡d_cWi0 Z Z[h[Y^e Z[b _dYkbfWZe Z[ Z[\[dZ[hi[ f[hiedWbc[dj[ e Z[ i[h Wi_ij_Ze feh kd Z[\[dieh Z[ ik [b[YY_ÂŒd o Z[ Yeck# d_YWhi[ b_Xh[ o fh_lWZWc[dj[ Yed ik Z[\[dieh1 [ Z[h[Y^e _hh[dkdY_WXb[ Z[ i[h Wi_ij_Ze feh kd Z[\[dieh fhefeh# Y_edWZe feh [b ;ijWZe" h[ckd[hWZe e de i[]‘d bW b[]_ibWY_ÂŒd _dj[hdW" i_ [b _dYkbfWZe de i[ Z[\[dZ_[h[ feh i‡ c_ice d_ decXhWh[ Z[\[dieh Z[djhe Z[b fbWpe [ijWXb[Y_Ze feh bW b[oÇ :[iWfWh[Y_ZW bW [iYbWl_jkZ" Wb c[dei [d iki \ehcWi c|i ]hei[hWi" bW b_X[hjWZ f[hiedWb [ij| ]WhWdj_pWZW [d [b ehZ[d Y_l_b" o [i _hh[dkdY_WXb[ [ _dWb_[d# WXb[$ De ikY[Z‡W Wi‡ [d [b :[h[Y^e HecWde" ZedZ[ ZWZW bW [nj[di_ÂŒd Z[ bWi \WYkbjWZ[i _dZ_l_ZkWb[i" [b cWoeh Z[ (& W‹ei feZ‡W l[dZ[h ik fhef_W b_X[hjWZ o jhWdi\ehcWhi[ [d [iYbWle" YedZ_Y_ÂŒd Z_]dW Z[b YWfWp Z[ jWb ik_Y_Ze cehWb$ De eXijWdj[ [d bWi cWpceh# hWi ikZWc[h_YWdWi" feh Y_jWh kd [`[cfbe" de i[ h[if[jW W YWXWb_ZWZ [b fbWpe hWpedWXb[ Z[ bW Z[j[dY_ÂŒd kd i[h ^kcWde$ 7b h[if[Yje" [b dkc[hWb , Z[b 7hj$ - Z[ bW 9edl[dY_ÂŒd ?dj[hWc[h_YWdW Z[ :[h[Y^ei >kcWdei" dei Z_Y[ gk[0 ÆJeZW f[hiedW fh_lWZW Z[ b_X[hjWZ j_[d[ Z[h[Y^e W h[Ykhh_h Wdj[ kd `k[p e jh_XkdWb Yecf[j[dj[" W \_d Z[ gk[ ƒij[ Z[Y_ZW" i_d Z[cehW" ieXh[ bW b[]Wb_ZWZ Z[ ik Whh[ije e Z[j[dY_ÂŒd o ehZ[d[ ik b_X[hjWZ i_ [b Whh[ije e bW Z[j[dY_ÂŒd \k[hWd _b[]Wb[i$ ;d bei ;ijWZei FWhj[i YkoWi b[o[i fh[lƒd gk[ jeZW f[hiedW gk[ i[ l_[hW Wc[dWpWZW Z[ i[h fh_lWZW Z[ ik b_X[hjWZ j_[d[ Z[h[Y^e W h[Ykhh_h W kd `k[p e jh_XkdWb Yecf[j[dj[ W \_d Z[ gk[ ƒij[ Z[Y_ZW ieXh[ bW b[]Wb_ZWZ Z[ jWb Wc[dWpW" Z_Y^e h[Ykhie de fk[Z[ i[h h[ijh_d]_Ze d_ WXeb_Ze$ Bei h[Ykhiei feZh|d _dj[hfed[hi[ feh i‡ e feh ejhW f[hiedWÇ$
Ä Ä‰
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ä ÄŠĹ?Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
1~ ĹŠ #1#2 ĹŠĹŠ .+(-.ĹŠ 1!~ ĹŠ8ĹŠ .-9 +.ĹŠ ;-!'#9ĹŠ#-ĹŠ#+ĹŠ 1!'(5.ĹŠ #-#1 +ĹŠ"#ĹŠ -"( 2Ä“
.-9 +.ĹŠ 41(!(.ĹŠ ;-!'#9ĹŠ ! ĹŠ
#-31.Ŋ 4+341 +Ŋ . Ŋ .$~ Ŋ2(34 ".Ŋ#-Ŋ #+Ŋ 2#.Ŋ 1+.2Ŋ Ŋ/.2 -Ŋ#+Ŋ .-2#) +Ŋ -3.-(.Ŋ 23(++.Ŋ , Ŋ8Ŋ .-9 +.Ŋ ;-!'#9ēŊ
ŋ — ŋ ŋ 5 ŋ ŋ
Bb[]kƒ W I[l_bbW l_W`WdZe Z[iZ[ [b 7b]Whl[ Fehjk]Wb $ ;b Whj‡Ykbe Ăˆ7bÉ Z[ ceh_iYWi hW‡Y[i Z[X‡W WieY_Whi[ Yed [b Ăˆ7b 7dZWbkpÉ 7dZWbk# Y‡W Z[ Wb]kdW cWd[hW o " YbWhe" i_]d_Ă’YW ĂˆWb E[ij[É Z[ [iW j_[hhW gk[ ?iWX[b BW 9WjÂŒb_YW b_X[hÂŒ Z[ bei cehei Wb c_ice j_[cfe gk[ 9ebÂŒd Z[iYkXh‡W 7cƒh_YW$ <[b_pc[dj[" bei cehei de i[ \k[hed Z[b jeZe" W^‡ [ij|d [d bW Ă’b_# ]hWdW Z[ bei WbY|pWh[i o c[pgk_jWi Z[b ikh Z[ ;ifW‹W o Fehjk]Wb" [d [b ĂˆWoÉ Z[ bei ]_jWdei Z[b 7bXW_Y_d" [d bei \WZei WYecfW‹WZei feh ]k_jWhhWi Z[ _cfei_Xb[i WYehZ[i o" [if[Y_Wbc[dj[" [d bei e`ei Z[ iki ck`[h[i" ^_`Wi e ^[hcWdWi Z[ bW ceh[dW Z[ bW YefbW f_djWZW feh @kb_e Hec[he Z[ Jehh[i$ J[d]e ckY^Wi cej_lWY_ed[i gk[ c[ ^Wd ^[Y^e lebl[h W YWc_dWh feh iki YWbb[i h[Yeb[jWi f[h\kcWZWi Z[ WhecWi Z[ dWhWd`ei o hec[# he" f[he [ijW l[p" WZ_Y_edWbc[dj[" c[ fhefki[ [djh[]Wh [d I[l_bbW o 9|Z_p kd [`[cfbWh Z[b b_Xhe Z[ :_[]e I|dY^[p Eh[`k[bW j_jkbWZe ĂˆF[Zhe 7djed_e I|dY^[p @_cƒd[p " 7dZWbkp" =WZ_jWde" 7cXWj[‹e " >ƒhe[ Z[ JWhgk_É Z[ Ykoe Yedi[`e [Z_jeh_Wb jkl[ [b ^edeh Z[ i[h fWhj[ feh [b i[h_e o [nj[die jhWXW`e Z[ _dl[ij_]WY_ÂŒd ^_ijÂŒh_YW gk[ i[ ^_pe Z[ [ij[ f[hiedW`[ feh c|i Z[ Y_dYe W‹ei o feh [b [djki_WijW ]hkfe Z[ \Wc_b_Wh[i gk[ be Yed\ehcÂŒ$ 9ed [b b_Xhe XW`e [b XhWpe" YWc_dƒ Z[iZ[ bW FbWpW ;ifW‹W ^WijW [b [Z_Ă’Y_e Z[b 7hY^_le =[d[hWb Z[ ?dZ_Wi" i_jkWZe Y[hYW Z[ bW 9Wj[ZhWb o Z[ bei H[Wb[i 7bY|pWh[i$ C[ h[Y_X_ÂŒ Ze‹W CWh‡W J[h[iW Ceb_de =WhY‡W gk_[d kd feYe _dYhƒZkbW [iYkY^WXW c_ h[bWje o [b cej_le Z[ c_ fh[i[dY_W$ ;b 7hY^_le =[d[hWb Z[ ?dZ_Wi Z[ I[l_bbW Z[X[ i[h bW _di# j_jkY_ÂŒd YkbjkhWb c|i _cfehjWdj[ de iebe Z[ ;ifW‹W" i_de Z[ ;khefW [d YkWdje W bW [nj[di‡i_cW h[Yef_bWY_ÂŒd Z[ ZeYkc[djei gk[ fei[[ Z[iZ[ [b Z[iYkXh_c_[dje Z[ 7cƒh_YW$ EjhW cW‹WdW" jecƒ [b jh[d gk[ YedZkY[ W 9|Z_p Z[iZ[ bW [ijWY_ÂŒd Z[ IWdjW @kijW$ Bb[]kƒ Wb 7okdjWc_[dje" ZedZ[ c[ _dZ_YWhed gk[ Z[Xe WYkZ_h Wb 9[djhe 9kbjkhWb :e‹W Ie\‡W i_jkWZe [d [b FWi[e 9Wh# bei ??? $ ;ij[ Y[djhe YkbjkhWb [i kd _cfh[i_edWdj[ o Wdj_]ke YkWhj[b h[ceZ[bWZe" j_[d[ jh[i fbWdjWi o [d bW c|i WbjW" [ij|d bWi eĂ’Y_dWi Z[b 9edY[`Wb 7djed_e 9Wij_bbe HWcW gk_[d c[ h[Y_X_ÂŒ cko WcWXb[c[dj[" Wkdgk[ jWcX_ƒd iehfh[dZ_Ze$ 7djed_e ^W l[d_Ze W ;YkWZeh Wb]kdWi l[Y[i o [djh[ bei f[hiedW`[i gk[ YedeY[ o [i Wc_]e [i Z[b ][d[hWb FWYe CedYWoe$ I[dj‡ eh]kbbe YkWdZe i[ h[Ă’h_ÂŒ W C[`‡W B[gk[h_YW [d jƒh# c_dei WZc_hWXb[i" Z|dZec[ W [dj[dZ[h gk[" i_[dZe [YkWjeh_Wde" be Yedi_Z[hWXWd kd ]WZ_jWde c|i feh ik _cfehjWdj[ bWXeh [d bWi 9ehj[i Z[ 9|Z_p Z[ '.'($ :_ c_ h[bWje ieXh[ [b b_Xhe o bk[]e Z[ Z[if[Z_hc[ YWc_dƒ ^WijW ZWh Yed bW YWiW Z[ CWdk[b Z[ <WbbW$ Bb[]kƒ Wb fWhgk[ Z[ bWi <beh[i o W feYWi YkWZhWi l_i_jƒ ik ^[hceiW 9Wj[ZhWb j[hc_dWZW [d '-+&" [i Z[Y_h Y_dYk[djW W‹ei Wdj[i Z[b dWY_c_[dje Z[ I|dY^[p @_cƒ#
d[p$ <k_ Wb cWh" h[if_hƒ ik YbWh_ZWZ `kdje W kdW Xej[bbW Z[ cWdpWd_bbW Z[ IWd B‘YWh Z[ 8WhhWc[ZW$ 7bb| _cW]_dƒ Yece ^WXh| i_Ze JhW\Wb]Wh Wi‡ Yece YkWdjWi XW_bWh_dWi o jed[bWZWi Z[ iWb i[ bb[lWh‡Wd bWi Z_\[# h[dj[i YkbjkhWi gk[ fWiWhed feh bW ĂˆJWY_jW Z[ FbWjWÉ ZedZ[ [ijkl_[hed bWi YebkcdWi Z[ >ƒhYkb[i$$$ dWZW c[dei$ ĹŠÄ ĹŠ!4;+ĹŠ$4#ĹŠ,(ĹŠ1#+ 3.Ä&#x;
B[i Z_`[ gk[ [b b_Xhe gk[ [ijeo [djh[]WdZe" [iYh_je feh :_[]e I|dY^[p" h[Ye][ bW ^_ijeh_W o bW ][d[Wbe]‡W Z[ F[Zhe 7djed_e I|dY^[p @_cƒd[p gk_[d dWY_ÂŒ [d 9|Z_p [d '.&& $ Gk[ fhel_[d[ Z[ ^_ZWb]ei [ifW‹eb[i i[]‘d bW fheXWdpW Z[ iWd]h[ gk[ W^‡ YedijW$ Gk[ ik fWZh[ o iki j‡ei \k[hed dejWXb[i ]WZ_jWdei gk[ eYkfWhed _cfehjWdj[i \kdY_ed[i f‘# Xb_YWi [d i_]be NL??? o gk[ ik YWhh[hW c_b_jWh _d_Y_WZW [d @[h[p be bb[lÂŒ bk[]e W 7cƒh_YW$ Gk[ iki _Z[Wi Z[ b_X[hjWZ be bb[lWhed W YecXWj_h [d bWi Ă’bWi Xeb_lWh_WdWi Wb _]kWb gk[ ckY^ei Z[ iki fW_iWdei YedjhW <[hdWdZe L??" d[\Wije h[o gk[ _cfkie [b WXiebkj_ice Z[ifkƒi gk[" Yed bW WokZW Z[ M[bb_d]jed" ;ifW‹W [nfkbiÂŒ W bei \hWdY[i[i o W F[f[ 8ej[bbWi$ Gk[ i[ h[Yk[hZ[ gk[ de i[ YecXWj_ÂŒ YedjhW ;ifW‹W" i[ be ^_pe YedjhW bei h[Wb_ijWi WĂ’d[i W <[hdWdZe gk_[d Z[iYedeY_ÂŒ bWi 9eh# j[i Z[ 9|Z_p _cf_Z_[dZe gk[ i[ _dijWkh[ kdW cedWhgk‡W h[fkXb_YWdW Yece bW gk[ j_[d[d W^ehW$ Gk[ \k[ kdW bkY^W \hWjh_Y_ZW YedjhW kde Z[ bei f[eh[i cedWhYWi gk[ ^W j[d_Ze [b h[_de$ CWd_\[ijƒ gk[ ^_pe kdW _cfehjWdj[ YWhh[hW c_b_jWh fWhj_Y_fWdZe [d ^[he_Yei XWjWbbed[i Z[iZ[ bei 8hWlei Z[b 7fkh[ ^WijW [b 8WjWbbÂŒd 9WhWYWi YkoW WYY_ÂŒd \k[ Z[j[hc_dWdj[ [d [b jh_kd\e Z[ JWhgk_$ Gk[ [d [b b_Xhe YedijWd jeZei bei WiY[diei ikiYh_jei feh I_cÂŒd 8eb‡lWh$ B[i Yedjƒ gk[ YedjhW`e cWjh_ced_e Yed bW WcXWj[‹W :e‹W 7dje# d_W 9[lWbbei" ^[hcWdW Z[ F[Zhe <[hc‡d" fh_c[h ^_ijeh_WZeh dk[ijhe$ Gk[ jkle ZeY[ ^_`ei Z[ bei YkWb[i fhel_[d[d fhec_d[dj[i \Wc_b_Wi WcXWj[‹Wi$ Gk[ kdW l[p h[j_hWZe Z[ bW WhcWi" WcÂŒ ckY^e W 7cXWje o fWhj_Y_fÂŒ [d ik l_ZW f‘Xb_YW Z[iZ[ bei _d_Y_ei Z[ bW h[f‘Xb_YW" eYk# fWdZe lWh_ei YWh]ei o [if[Y_Wbc[dj[ jhWjWdZe Z[ Yedi[]k_h h[Ykhiei fWhW bW Y_kZWZ [d [iei Z_\‡Y_b[i W‹ei" YkWdZe ;YkWZeh i[ Z[ifh[dZ_ÂŒ Z[ bW =hWd 9ebecX_W$ Gk[ [d iki c[ceh_Wi h[bWjW bW ]hWd f[dW gk[ i_dj_ÂŒ Wb de feZ[h h[]h[iWh W ik j_[hhW f[he gk[ i[ i_dj_ÂŒ kd WcXWj[‹e c|i o gk[ W^‡ h[feiWd iki h[ijei$ Gk[ ieo kde Z[ iki Z[iY[dZ_[dj[i" gk[ de f[Z_cei dWZW W YWcX_e" gk[ jWd iebe f[hc_jWd gk[ ik ^_ijeh_W h[Ye]_ZW [d [ij[ b_Xhe i[W fWhj[ Z[ bW ^_ijeh_W Z[ ;ifW‹W Yece oW be [i Z[ 7cƒh_YW$ Gk[ bWi ][d[hWY_e# d[i ]WZ_jWdWi l[d_Z[hWi i[fWd gk[ ^_pe kde Z[ iki ^_`ei [d [b Ăˆejhe bWZe Z[b Y^WhYeÉ$ Gk[ Yecfh[dZWd o Z_iYkbf[d c_ [cej_l_ZWZ [d bei WYjei Z[ [djh[]W o gk[ b[i _dl_jWXW" Yed ]kije" W kdW YefW Z[ Ăˆ`[hÂƒĂ‰ e Z[ cWdpWd_bbW" i_ fh[Ă’[h[d$
-ũ!.+.1(".ũ "#2$(+#ũ/#+(+# .
āĊŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
āĊ
ũ!#+# 1 !(¢-ũ"#ũ+.2ũĈĎĈũ .2ũ"#ũ! -3.-(9 !(¢-ũ"#ũ #+(+#.ũ 2#ũ5(5(¢ũ ũ/+#-(34"ũ!.-ũ#+ũ, %-.ũ"#2ă+#ũ04#ũ2#ũ/ 2#¢ũ/.1ũ + 2ũ! ++#2ũ"#ũ+ ũ+.! +(" "ũ#+ũÌ+3(,.ũ".,(-%.ē
} ēũ ũ!.,/ 12 ũ"#+ũ (-"(! 3.ũ"#ũ '.$#1#2ũ 1.$#2(.- +#2ũ"#ũ #+(+#.ũ3 , (_-ũ2#ũ'(9.ũ/1#2#-3#ē
ēũ #+#% !(.-#2ũ"#ũ3.".ũ#+ũ/ ~2ũ /.13 1.-ũ!.-ũ24ũ!.-3(-%#-3#ũ/ 1 ũ#+ũ 1# +!#ũ"#ũ#23 ũ/ 1 " ũ"#ũ!.-$1 3#1-(" "ē
ēũ .-ũ4-ũ#,.3(5.ũ (+#Ĕũ"#2"#ũ+ ũ , 9.-~ ũ3 , (_-ũ++#% 1.-ũ+ 2ũ !.,/ 12 2ũ/ 1 ũ +#%1 1ũ#23#ũ"~ ē
ēũ +ũ/4# +.ũ + 2 ! ũ-.ũ/."~ ũ$ +3 1ũ#-ũ#23#ũ#-!4#-31.ũ!4+341 +ũ 04#ũ"41¢ũ!#1! ũ"#ũ31#2ũ'.1 2ē
ēũ .+#" "ũ +#1#- ũĸ!ĹĔũ1#(- ũ"#ũ #+(+#.ũĉćĈĈĔũ)4-3.ũ ũ24ũ!.13#ũ"#ũ'.-.1ũ +4!#ũ,48ũ!.-3#-3 ũ#-ũ#+ũ"#2ă+#ēũ
Čć! (-!+ēũ
31 ũ5~!3(, ũ "#+ũ+(!.1ũ
ũũũĈĒũũ ũ ũũ ũĉćĈĈ
4-%41 '4
1 2ũ!(-!.ũ"~ 2ũ"#ũ3#11( +#ũ %.-~ Ĕũ #%4-".ũ ' !' ũĸ1#!4 "1.ĹĔũ"#ũ ČĎũ .2Ĕũ$ ++#!(¢ũ/.1ũ(-%#1(1ũ+(!.1ũ "4+3#1 ".ēũ .2ũ$ ,(+( 1#2ũ/("#-ũ )423(!( ēũ : ũ ĈĊē
1;%(!.ũ!'.04#ũ #-ũ+ ũ5~ ũ ũ ~++ 1.
#-ũ !4 31. ĥ/ 04#3#1.2Ħ
23#ũ 43.,¢5(+ũ3#1,(-¢ũ(-!1423 ".ũ#-ũ 4- ũ/ 1#"Ĕũ+4#%.ũ"#ũ(,/ !3 12#ũ!.-31 ũ 4-ũ31;(+#1ēũ +ũ !!("#-3#ũ.!411(¢ũ 8#1ũ ũ+ 2ũ ĈĈĖĎćēũ : ũ ĈĊē
: ũ ĈĊ
4#5.ũ ,.1ũ"#ũ
#--($#1ũ ¢/#9 +ũ !3.1ũ (++( ,ũ #58ũ #2ũ#+ũ/1(,#1ũ$ ,.2.ũ +ũ 04#ũ /4-3 -ũ+.2ũ,#"(.2ũ !.,.ũ#+ũ1##,/+ 9.ũ"#ũ 1!ũ -3'.-8ēũ : ũ Ĉćē
! 1;ũ 2#ũ 1, : ũ Ĉĉ
Čćũ :