Čć! (-!+Ä“ĹŠ 4-%41 '4
Äž ĹŠ } Ä?
: ŊŊĉđŊŊ ĹŠ ĹŠ ĹŠÄ‰Ä‡ÄˆÄˆ
45#-34" (-3#1#2 " Ŋ #-Ŋ 84" 1Ŋ +Ŋ#2$4#19.Ŋ8Ŋ3#- !(" "Ŋ"#Ŋ+.2Ŋ)¢5#-#2Ŋ"#Ŋ 5 1(.2Ŋ+4% 1#2Ŋ"#+Ŋ !4 ".1ĔŊ' !#-Ŋ04#Ŋ+.2Ŋ /. 1#2Ŋ54#+5 -Ŋ Ŋ3#-#1Ŋ$#Ŋ8Ŋ#2/#1 -9 ēŊ
FWhW bb[lWh Wb[]h‡W W bei i[Yjeh[i c|i lkbd[hWXb[i Z[ Jkd]khW^kW" bW cW‹WdW Z[ Wo[h Yec[dpÂŒ bW YedijhkYY_ÂŒd Z[ )' l_l_[dZWi [c[h][dj[i [d Z_ij_djei XWhh_ei o Yeckd_ZWZ[i Z[ bW fWhhegk_W IWdjW HeiW" WYj_l_ZWZ eh]Wd_pW# ZW feh bW <kdZWY_ÂŒd ĂˆKd j[Y^e fWhW c_ fW‡iÉ o ZedZ[ fWhj_Y_fWd Yece lebkdjWh_ei `ÂŒl[d[i Z[ lW# h_Wi fhel_dY_Wi$
:[djhe Z[ [ijW WYj_l_ZWZ fWh# j_Y_fWd )'& `ÂŒl[d[i lebkdjWh_ei" gk_[d[i XkiYWd c[`ehWh bWi Yed# Z_Y_ed[i Z[ l_ZW Z[ bWi f[hiedWi gk[ l_l[d [d [njh[cWi YedZ_Y_e# d[i fh[YWh_Wi$ BW YedijhkYY_ÂŒd Z[ bWi l_l_[dZWi Ykbc_dWh|d cW# ‹WdW o i[h|d [djh[]WZWi W iki X[d[Ă’ Y_Wh_ei fWhW gk[ l_lWd Z[ c[`eh cWd[hW$ ;%(- ĹŠ ĉ
ÄĽ . .ÄŚĹŠ -3#ĹŠ+ ĹŠ%1 -ĹŠÄƒĹŠ- +ĹŠ"#ĹŠ24ĹŠ5("
Ä“ĹŠ 23 ĹŠ! 2 2ĹŠ2.-ĹŠ,#).1#2ĹŠ04#ĹŠ+ 2ĹŠ!'.9 2ĹŠ"#ĹŠ/ ) ĹŠ04#ĹŠ#7(23#-ĹŠ#-ĹŠ#+ĹŠ2#!3.1Ä“
&#& )Ĺ‹ &#-. -/-Ĺ‹ -. $):khWdj[ `kd_e o `kb_e bei ^WX_# jWdj[i Z[ bW Ăˆ9_kZWZ 7pkbÉ l_l_h|d Z_l[hiWi fhe]hWcWY_ed[i bb[dWi Z[ Wb[]h‡W o [djh[j[d_c_[dje" Wb Y[b[XhWh kd dk[le Wd_l[hiWh_e Z[ YWdjed_pWY_ÂŒd$ Feh [bbe" [b 9ec_jƒ Z[ <_[ijWi Z[ F[b_b[e Z[`W jeZe W fkdje fWhW [cf[pWh W Y[b[XhWh Z[iZ[ [b ) Z[ `kd_e" iki '+' W‹ei Z[ fhe]h[ie o Z[iWhhebbe [d bW fhel_dY_W o [b fW‡i Yed bW fh[i[djWY_ÂŒd eĂ’ Y_Wb Z[ bei fhe]hWcWi$ ;b Zec_d]e + Z[ `kd_e" W fWh# j_h Z[ bWi &/0&&" j[dZh| bk]Wh [b fh[]ÂŒd Z[ Ă’ [ijWi feh bWi fh_dY_# fWb[i YWbb[i Z[ bW khX[$ JeZei _d# l_jWZei W Z_i\h_kjWh Z[b \[ij[`e$ ;%(- ĹŠ ÄŒ
)-., ,)(Ĺ‹ -/Ĺ‹ & - Ĺ‹3 / &# -
9ed bW fWhj_Y_fWY_ÂŒd Z[ bei [ijkZ_Wdj[i Z[ bWi '/ [nj[d# i_ed[i [ZkYWj_lWi Z[ bW Kd_# ZWZ ;ZkYWj_lW W :_ijWdY_W Z[ Jkd]khW^kW ĂˆCedi[‹eh B[e# d_ZWi FheW‹eÉ" i[ Z[iWhhebbÂŒ Wo[h kdW YWiW WX_[hjW" Wb Yed# c[cehWh bei '. W‹ei Z[ Yh[W# Y_ÂŒd Z[ bW _dij_jkY_ÂŒd$ FWhW [b W\[Yje" bei Wbkcdei h[Wb_pWhed Z_\[h[dj[i WYj_l_ZWZ[i Whj‡i# j_YWi" Yece WYWZƒc_YWi" fWhW ZWh W YedeY[h W bW Yeb[Yj_l_ZWZ [b d_l[b WYWZƒc_Ye gk[ ^Wd Wfh[dZ_Ze [d [b fbWdj[b$Bk_i CWhj‡d[p" h[Yjeh Z[b fbWdj[b" _dZ_YÂŒ gk[ bW _dij_jkY_ÂŒd i[ ^W Z[iWhhebbWZe [d jeZei bei |c# X_jei Z[fehj_lei Yece Y_[dj‡# Ă’ Yei$ ;%(- ĹŠ ÄŠ
+ĹŠÄĽ 1#-!(3.ÄŚĹŠ +#-!( ĹŠ' ĹŠ#, 1! ".ĹŠ ĹŠ3." ĹŠ4- ĹŠ- !(¢-ĹŠ ĹŠ'(-!' 1ĹŠ /.1ĹŠ#+ĹŠ -!'#23#1ĹŠ -(3#"ĔŊ#04(/.ĹŠ!.-ĹŠ#+ĹŠ04#ĹŠ/4#"#ĹŠ#2!1( (1ĹŠ'.8ĹŠ 4- ĹŠ/;%(- ĹŠ"#ĹŠ.1.ĹŠ/ 1 ĹŠ#+ĹŠ"#/.13#ĹŠ- !(.- +ĔŊ2(,(+ 1#2ĹŠ ĹŠ+ 2ĹŠ04#ĹŠ 1# +(9 1.-ĹŠ.31.2ĹŠ"#/.13(23 2ĹŠ"#ĹŠ+ ĹŠ3 ++ ĹŠ"#ĹŠ #Ä‚ĹŠ#12.-ĹŠ _1#9ĔŊ -"1_2ĹŠ ¢,#9ĹŠ.ĹŠ + #13.ĹŠ /#-!#1ĹŠ #11#1 Ä“ : ĹŠ Ĉĉ
} ēŊ .2Ŋ +4,-.2Ŋ"#Ŋ+ Ŋ#73#-Ĺ 2(¢-Ŋ"#Ŋ #+(+#.ĔŊ"#+#(3 1.-Ŋ!.-Ŋ+.2Ŋ (+#2Ŋ31 "(!(.- +#2Ŋ"#+Ŋ/ ~2ē
/ ),Ĺ‹ - Ĺ‹ , Ĺ‹ Ĺ‹ /,)* Ĺ‹
ēŊ 31 !3(5.2Ŋ/1.%1 , 2Ŋ% + -3#2ĔŊ 13~23(!.2ĔŊ!~5(!.2Ŋ8Ŋ!4+341 2Ŋ2#Ŋ 5(5(1;-Ŋ#-Ŋ #+(+#.Ŋ/.1Ŋ24Ŋ -(5#12 1(.Ŋ"#Ŋ! -3.-(9 !(¢-ē
8hki[bWi ;<;$ BW c_d_ijhW Z[ FheZkYY_ÂŒd" ;cfb[e o FheZkY# j_l_ZWZ" DWj^Wb_[ 9[bo" Wi[]khÂŒ [d 8hki[bWi" 8ƒb]_YW" gk[ [i# f[hW gk[ i[ h[WdkZ[d fhedje bWi d[]eY_WY_ed[i fWhW be]hWh kdW WYk[hZe Yec[hY_Wb Yed bW Kd_ÂŒd ;khef[W K; $ 9[bo" gk[ i[ h[kd_ÂŒ Wo[h" Yed [b Yec_iWh_e [khef[e Z[ 9ec[hY_e" AWh[b :[ =kY^j fWhW h[l_iWh [b [ijWZe Z[ bWi h[bWY_ed[i [djh[ bWi Zei fWh# j[i" Z_`e gk[ ^W feZ_Ze Yecfhe# XWh [d [b [dYk[djhe gk[ Æ[n_ij[ [b c[`eh Z[ bei |d_cei fWhW be]hWh kd WYk[hZe$ ;%(- ĹŠ Ä?
(#+ĹŠ ." ĹŠ 2#ĹŠ/1.8#!3 ;%(- ĹŠ Ä‘
ĹŠ,(ĹŠ+(-".ĹŠ !4 ".1 ;%(- ĹŠ ÄŽ
666Ä“+ '.1 Ä“!.,Ä“#!
Ä‚ 0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
7 Ĺ?ĂĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
11(.2ĹŠ
#!3.1#2ĹŠ #-#ă!( ".2
Ĺ—ĹŠĹŠ -3 ĹŠ .2 ĹŠ #-31. Ĺ—ĹŠĹŠÄŒĹŠ 204(- 2 Ĺ—ĹŠĹŠ 2ĹŠ 1,#+(3 2 .,4-(" "#2 Ĺ—ĹŠĹŠ -% '4 - ĹŠ +3.ĹŠ Ĺ—ĹŠ -% '4 - ĹŠ ). Ĺ—ĹŠ / 34%
Čć
ÂĄ ĹŠ
Ĺ—ĹŠ (204(++~ĹŠ
5.+4-3 1(.2ĹŠ' 8ĹŠ #-ĹŠ , 3.Ä“ĹŠ
ÄˆÄŒĹŠ
Â&#x; ĹŠ "#ĹŠ#7(23#-!( ĹŠ 3(#-#ĹŠ+ ĹŠ$4-Äą " !(¢-Ä“ĹŠÄ“ĹŠ
ćĊŊ
ĹŠ 2(15#-ĹŠ!.,.ĹŠ + #1%4#2ĹŠ/ 1 ĹŠ 5.+4-3 1(.2Ä“ĹŠ
)(-.,/3 (Ĺ‹0#0# ( -Ĺ‹ * , Ĺ‹'6-Ĺ‹( -#. )-
ēŊ -Ŋ#23#Ŋ+4% 1Ŋļ 4%(3.ČĔŊ3#-"1;Ŋ24Ŋ-4#5.Ŋ'.% 1Ŋ".-"#Ŋ/."1;Ŋ"#2! -2 1Ŋ8Ŋ5(5(1Ŋ"#Ŋ,#).1Ŋ, -#1 ēŊ
ēŊ .-Ŋ 9 "¢-Ŋ#-Ŋ, -.Ŋ+.2Ŋ)¢5#-#2Ŋ!.+.! 1.-Ŋ+.2Ŋ!(,(#-3.2Ŋ".-"#Ŋ(1;-Ŋ + 2Ŋ5(5(#-" 2ē
2Ŋ5(5(#-" 2Ŋ2#Ĺ 1;-Ŋ#-31#% " 2Ŋ ,  - Ŋ#-Ŋ4-Ŋ !3.Ŋ"#Ŋ+.2Ŋ)¢5#Ĺ -#2Ŋ5.+4-3 1(.2ē
Â&#x; Ä“ĹŠ #2#ĹŠ +ĹŠ$~.ĹŠ"#ĹŠ+ ĹŠ9.- ĔŊ -Äą (#+ ĹŠ #(-3(,(++ Ŋĸ"ĚĔŊ.1(4-" ĹŠ"#ĹŠ 4(3.ĔŊ #2ĹŠ+ ĹŠ04#ĹŠ%4~ ĹŠ +ĹŠ%14/.ĹŠ#-ĹŠ#+ĹŠ31 ).Ä“ĹŠĹŠ ÄŻÄƒÄ‚Ä Ä‚Ä
ēŊ -Ŋ3 -Ŋ/.!.Ŋ3(#,/.Ŋ+.2Ŋ )¢5#-#2Ŋ+#Ŋ' -Ŋ3., ".Ŋ! 1( .Ŋ Ŋļ 4Ĺ %4(3.ČŊ/.1Ŋ24Ŋ, -#1 Ŋ(-.!#-3#Ŋ"#Ŋ2#1ēŊ
Y_Wi W bW WYe]_ZW Z[b fheo[Yje ieb_ZWh_e i[ Yk[djW Yed bW fWhj_# Y_fWY_ÂŒd Z[ `ÂŒl[d[i Z[ 9k[dYW" Be`W" =kWoWgk_b" 7cXWje" o Z[ ejhWi fWhj[i$ 2314!341 2ĹŠ"#ĹŠ+ 2ĹŠ5(5(#-" 2
;b |h[W Z[ YedijhkYY_Œd Z[ bW l_l_[dZW [i Z[ '. c[jhei YkW# ZhWZei" j[Y^e Z[ p_dY o fWh[Z[i fh[\WXh_YWZWi gk[ h[i_ij[d W bW _dj[cf[h_[ o bW ^kc[ZWZ Z[b i[Yjeh$ BW ZkhWY_Œd Z[ bW YWiW [i Z[ Z_[p W ZeY[ W‹ei1 Z[f[dZ_[dZe Z[b Yk_ZWZe gk[ b[ Z[d bei fhe# f_[jWh_ei W iki dk[le ^e]Wh$ ;b b[lWdjWc_[djei Z[ bWi l_# l_[dZWi i[ h[Wb_pW [d jh[i fWh# j[i1 bW fh_c[hW" [i bW YebeYWY_Œd Z[ Y_c_[djei f_bej[i " l_]Wi o fWd[b[i Z[ f_ie1 ^eo i[ h[Wb_pW [b b[lWdjWc_[dje Z[ bWi fWh[Z[i fh[\WXh_YWZWi" [b WhcWpŒd Z[b j[Y^e1 c_[djhWi gk[ cW‹WdW i[ f_djWd o i[ [djh[]Wd bWi l_l_[d# ZWi W bei \Wleh[Y_Zei$
7bh[Z[Zeh Z[ )'& `ÂŒl[d[i lebkd# jWh_ei Z[ bW <kdZWY_ÂŒd ĂˆKd j[Y^e fWhW c_ fW‡iÉ" _d_Y_Whed bW cW‹W# dW Z[ Wo[h bW YedijhkYY_ÂŒd Z[ )' l_l_[dZWi [c[h][dj[i [d Z_ij_d# jei XWhh_ei o Yeckd_ZWZ[i Z[ bW fWhhegk_W IWdjW HeiW" kX_YWZW Wb ikh e[ij[ Z[ 7cXWje$ ;b eX`[j_le [i WokZWh W bWi f[hiedWi gk[ l_l[d [d YedZ_Y_e# d[i fh[YWh_Wi o gk[ d[Y[i_jWd Z[ kd bk]Wh b_cf_e o WYe][Zeh Zed# Z[ Zehc_h$ ;i Wi‡ gk[ [d [b fWhgk[ Y[d# jhWb Z[ bW fWhhegk_W" Z[Y[dWi Z[ `ÂŒl[d[i Z[ Z_\[h[dj[i fhel_d# Y_Wi Z[b fW‡i" Wi_ij_[hed ^WijW bW fhel_dY_W" fWhW i[h fWhj_Y_f[i Z[ [ij[ WYje ieb_ZWh_e gk[ jhW[h| Yedi_]k_ÂŒ Wb[]h‡W ĹŠ "04(2(!(¢-ĹŠ"#ĹŠ+ ĹŠ5(5(#-" ĹŠ o \[b_Y_ZWZ W gk_[d[i ied ;b /) feh Y_[dje Z[ bW l_# \Wleh[Y_Zei Yed bWi l_l_[d# l_[dZW [i ZedWZe feh bW 23 ĹŠ$4-" !(¢-ĹŠ [cfh[iW fh_lWZW1 c_[d# ZWi [c[h][dj[i$ ++#5 ĹŠ#-ĹŠ#+ĹŠ/ ~2ĹŠ 7dZhƒi 7]k_bWh" Z_h[Y# +1#"#".1ĹŠ"#ĹŠ".2ĹŠ jhWi gk[ [b i_[j[ feh Y_[d#  .2ĹŠ8ĹŠ,#"(. jeh Z[ 9edijhkYY_ed[i Z[ je h[ijWdj[ bWi f[hiedWi bW <kdZWY_ÂŒd" i[‹WbÂŒ gk[ Z[X[d fW]Wh bW ikcW Z[ bk[]e Z[ jh[i i[cWdWi Z[ [ijk# '(& ZÂŒbWh[i Yed YhƒZ_je ^WijW kd Z_ei jƒYd_Yei o Z[ [dYk[ijWi h[W# W‹e$ 7dZhƒi EY^eW" ikXZ_h[Yjeh b_pWZWi W bWi Z_ij_djWi Yeckd_ZW# Z[i o XWhh_ei Z[ bW beYWb_ZWZ" i[ Z[b fheo[Yje" cWd_\[ijÂŒ gk[ bei Z[j[hc_dÂŒ gk[ [d bW fWhhegk_W YWiei \k[hed [b[]_Zei c_dkY_e# [n_ij[d )- YWiei Z[ feXh[pW [n# iWc[dj[ [djh[ f[hiedWi gk[ j_[# jh[cW1 Z[ bei Yk|b[i i[ Wj[dZ[h| d[d kdW ]WdWdY_W Z[ )& ZÂŒbWh[i W )' YWiei$ c[dikWb[i o gk[ l_l[d [d Yed# 7]h[]ÂŒ gk[ ]hWY_Wi Wb Wfe# Z_Y_ed[i fh[YWh_Wi1 feh be gk[ bW oe Z[ [ijkZ_Wdj[i i[YkdZWh_ei \kdZWY_ÂŒd l_e bW \ehcW Z[ Wok# o kd_l[hi_jWh_ei Z[ Z_\[h[dj[i ZWh W [ij[ i[Yjeh lkbd[hWXb[$ Æ;n_ij[d c_b '&& l_l_[dZWi fWhj[i Z[b fW‡i" i[ be]hW bb[lWh WZ[bWdj[ [ij[ fheo[Yje Z[ Yedi# [c[h][dj[i Yedijhk_ZWi [d jeZe [b fW‡iÇ" Yec[djÂŒ" EY^eW$ jhkYY_ÂŒd Z[ l_l_[dZWi$ BW cWoeh‡W Z[ lebkdjWh_ei fhel_[d[d Z[ Gk_je1 f[he ]hW# 2.2ĹŠ#,#1%#-3#2
C[Z_Wdj[ kd h[Yehh_Ze feh bei Z_\[h[dj[i i[Yjeh[i Z[ bW fWhhe# gk_W" i[ fkZe YedijWjWh Z[ Zei YWiei [c[h][dj[ gk[ h[gk[h‡Wd Z[ bW WokZW Z[ bW \kdZWY_ÂŒd$ ;b fh_c[h \k[ [d [b i[Yjeh Z[ 7d]W^kWdW" f[hj[d[Y_[dj[ W IWdjW HeiW" ZedZ[ CWh‡W Jh|di_# je FkcWgk_iW" Z[ -/ W‹ei" l_l‡W [d YedZ_Y_ed[i fh[YWh_Wi Z[X_Ze W gk[ [b j[Y^e Z[ ik Y^epW YebWf# iÂŒ o Zehc‡W W bW _dj[cf[h_[$ Ik o[hde" CWh_e J_iWb[cW" Z_`e gk[ ]hWY_Wi W bW ieb_ZWh_ZWZ Z[ bei `ÂŒl[d[i o [dj_ZWZ[i fh_# lWZWi" ÆWb Ă’d f[hiedWi Yece c_ ik[]hW feZh|d YedjWh Yed kdW l_l_[dZW Z_]dW ZedZ[ fk[ZWd fWiWh iki ‘bj_cei Z‡WiÇ$ Ejhe Z[ bei YWiei \k[ [b Z[ Ăˆ>k]k_jeÉ" Yece be YedeY[d [d [b 8Whh_e Z[ IWdjW HeiW 9[djhe" gk_[d ik\h[ Z[ h[jWhZe c[djWb o dWZ_[ YedeY[ ik l[hZWZ[he dec# Xh[" f[eh ik [ZWZ$ 7b YedeY[h Z[ [ij[ fheo[Yje" bei l[Y_dei Z[b i[Yjeh" h[kd_[hed Z_d[he1 c_[djhWi gk[ bW @kdjW FWhhegk_Wb ZedÂŒ [b j[hh[de" fWhW gk[ bW \kdZWY_ÂŒd b[ YedijhkoW kd ^e]Wh" oW gk[ Ăˆ>k]k_jeÉ l_l[ Z[ bW YWh_ZWZ Z[ bWi f[hiedWi" gk[ be Wb_c[djWd o Yk_ZWd Z[ ƒb$
-ĹŠ -3 ĹŠ .2 ĹŠ2#ĹŠ#-Äą !.-31 1.-ĹŠ +1#"#".1ĹŠ"#ĹŠÄŠÄ?ĹŠ ! 2.2ĹŠ41%#-3#2ĹŠ "#ĹŠ5(5(#-" ĔŊ"#ĹŠ+.2ĹŠ!4 +#2ĹŠ ÄŠÄˆĹŠ2#1;-ĹŠ#)#!43 ".2Ģē ^ ĹŠ ĔŊ
ĹŠ ĹŠ Ä“
2Ŋ/#-.2.2Ŋ . 2#15 1Ŋ 04#Ŋ#7(23#-Ŋ /#12.- 2Ŋ04#Ŋ 5(5#-Ŋ/.1Ŋ  .2Ŋ#-Ŋ !.-"(!(.-#2Ŋ/1#! 1( 2Ģē ¥ Ŋ ĔŊ
ĹŠ ĹŠ Ä“
7 ĂĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
ă
#23(5 +Ŋ$.+*+¢1(!.
Ĺ—ĹŠĹŠĹŠ
-./ # (. -Ĺ‹*, - (. ,)(Ĺ‹ -/-Ĺ‹*,)3 .)-Ĺ‹ / .#0) ÂĄ Ä“ĹŠ #-31.ĹŠ"#ĹŠ+ ĹŠ! 2 ĹŠ (#13 ĹŠ+.2ĹŠ#234"( -3#2ĹŠ"(#1.-ĹŠ ĹŠ!.-.!#1ĹŠ+ 2ĹŠ .-" "#2ĹŠ!41 3(5 2ĹŠ"#ĹŠ+ 2ĹŠ/+ -3 2ĹŠ,#"(!(- +#2ĹŠ
+Ŋ/1./¢2(3.Ŋ"#Ŋ+.2Ŋ.1% -(9 ".1#2Ŋ$4#Ŋ ,.231 1Ŋ Ŋ+ Ŋ!.+#!3(5(" "Ŋ+.2Ŋ-(5#+#2Ŋ ! "_,(!.2Ŋ"#Ŋ+.2Ŋ +4,-.2Ŋ+.! +#2ē
9ed bW fh[i[djWY_ÂŒd Z[ XW_b[i bW fWhj_Y_fWY_ÂŒd Z[ bWi '/ [nj[d# jhWZ_Y_edWb[i Z[b ;YkWZeh o bW i_ed[i [ZkYWj_lWi Z[ bWi _dij_jk# [nfei_Y_ÂŒd Y_[dj‡\_YW Z[ YWZW Y_ÂŒd$ Bk_i CWhj‡d[p" h[Yjeh kdW Z[ bWi [if[Y_Wb_ZWZ[i Z[b fbWdj[b" cWd_\[ijÂŒ gk[ Z[ bW Kd_ZWZ ;ZkYWj_lW W [b eX`[j_le [i ZWh W Yede# :_ijWdY_W Z[ Jkd]khW^kW Y[h bWi Z[ijh[pWi" ^WX_b_# ĂˆCedi[‹eh B[ed_ZWi 2#ĹŠ!.+.! 1.-ĹŠ +ĹŠ FheW‹eÉ" i[ Z[iWhhebbÂŒ bW (-3#1(.1ĹŠ"#+ĹŠ ZWZ[i o YedeY_c_[djei / 104#Ä“ Z[ bei [ijkZ_Wdj[i gk[ i[ cW‹WdW Z[ Wo[h" bW YWiW [ZkYWd [d [b Yeb[]_e1 WZ[# WX_[hjW feh bei '. W‹ei Z[ c|i Z[ fh[i[djWh bei fheo[Yjei Yh[WY_ÂŒd Z[b fbWdj[b$ ;ij[ [l[dje i[ Z[iWhhebbÂŒ [d [`[YkjWZei feh bei [ijkZ_Wdj[i [d [b fWhgk[ 9[lWbbei o YedjÂŒ Yed [b |cX_je Z[ bW [b[YjhÂŒd_YW$
ćđ
)& !#)Ĺ‹ / ' &šŋ ! (šŋ/(Ĺ‹ )( /,-)Ĺ‹ =hWY_Wi W bei YedeY_c_[djei WZ# gk_h_Zei [d bWi WkbWi Z[ YbWi[i" bei [ijkZ_Wdj[i Z[b 9eb[]_e DWY_edWb Ăˆ>kWcXWbÂŒĂ‰" eXjkl_[hed [b fh_# c[h bk]Wh [d [b Gk_dje 9edYkh# ie Fhel_dY_Wb Z[ Gk‡c_YW" [l[dje gk[ i[ Z[iWhhebbÂŒ [d bWi _dijWbW# Y_ed[i Z[b fbWdj[b o gk[ YedjÂŒ Yed bW fWhj_Y_fWY_ÂŒd Z[ [ijkZ_Wd# j[i Z[ bWi Z_\[h[dj[i _dij_jkY_ed[i [ZkYWj_lWi Z[ bW fhel_dY_W$ KdW l[p YedYbk_Ze [b [l[dje i[ Z[cei# jhÂŒ gk[ bei [ijkZ_Wdj[i o cW[ijhei Z[ bWi _dij_jkY_ed[i Z[ bei i[Yjeh[i hkhWb[i" jhWXW`Wd Yed c|i W^‡dYe o h[ifediWX_b_ZWZ" [nfbejWdZe Z[
c[`eh cWd[hW [b jWb[dje ^kcWde$ 9ece `khWZe YWb_Ă’ YWZeh" fWhj_Y_# fWhed C_bjed HWcei o M[bb_d]# jed LWoWi" Z_ij_d]k_Zei ZeY[dj[i kd_l[hi_jWh_ei o feb_jƒYd_Yei Z[b fW‡i1 [if[Y_Wb_pWZei [d Gk‡c_YW" <‡i_YW o CWj[c|j_YW$ ;b `khWZe YW# b_Ă’ YWZeh Z[Y_Z_ÂŒ Z[YbWhWh jh_kd\W# Zeh[i W bei Y_dYe fh_c[hei bk]Wh[i" gk[ZWdZe Wi‡0 9eb[]_e >kWcXWbÂŒ" ]WdWZeh1 9eb[]_e F[Zhe <[hc‡d 9[lWbbei" i[]kdZe bk]Wh1 B_Y[e Feb_Y_Wb CWoeh =Wbe C_‹e" j[hY[h fk[ije1 9eb[]_e F[Zhe <[hc‡d 9[# lWbbei" YkWhje bk]Wh o 9eb[]_e '( Z[ Del_[cXh[" [d gk_dje bk]Wh$
ĹŠ ĹŠ Â&#x;
7]h[]ÂŒ gk[ bW _dij_jkY_ÂŒd [i bW f_ed[hW [d e\h[Y[h [b i_ij[cW Z[ [ijkZ_ei W Z_ijWdY_W1 ^eo [d bW WYjkWb_ZWZ [n_ij[d ckY^ei Yeb[# ]_ei fWhj_YkbWh[i [d bW fhel_dY_W" f[he [b fbWdj[b cWdj_[d[ ik \kd# Y_edWb_ZWZ Z[ i[h Ă’ iYec_Y_edWb ]hWjk_je o Yk[djWd Yed jh[i c_b [ijkZ_Wdj[i Z_l_Z_Zei [d YWZW [nj[di_ÂŒd W [iYWbW fhel_dY_Wb$ ;ij[ Yeb[]_e W Z_ijWdY_W cWd# jkle kd Yedl[d_e Z[ '& W‹ei" Yed bW 9ecWdZWdY_W =[d[hWb Z[ Feb_# Y‡W" Yed bW Ă’ dWb_ZWZ Z[ fh[fWhWh WYWZƒc_YWc[dj[ W bei Wif_hWdj[i gk[ de j[d‡Wd kd j‡jkbe Z[ XWY^_# bb[h" f[he W^ehW Yece jeZe YWc# X_ÂŒ" i[ j[hc_dÂŒ Z_Y^e WYk[hZe$
1#/ 1 !(¢-Ŋ ".!#-3# ŗŊŊ #-31.Ŋ"#Ŋ+.2Ŋ1#04(2(3.2Ŋ"#Ŋ+ Ŋ #8Ŋ
"#Ŋ "4! !(¢-ĔŊ 13~-#9Ŋ(-"(!¢Ŋ04#Ŋ 3." 2Ŋ+ 2Ŋ(-23(34!(.-#2Ŋ#"4! 3(5 2Ŋ "# #-Ŋ24)#3 12#Ŋ Ŋ+.Ŋ04#Ŋ"(2/.-#Ŋ+ Ŋ +#8ĔŊ/ 1 Ŋ04#Ŋ+ Ŋ#"4! !(¢-Ŋ2# Ŋ,#).1Ŋ 8Ŋ"#Ŋ! +(" "ē
Ŋ 43.1(" "Ŋ/("(¢Ŋ +Ŋ (-(23#1(.Ŋ"#Ŋ "4! !(¢-Ŋ04#Ŋ(%4 +Ŋ!.,.Ŋ#7(%#-Ŋ /1#/ 1 !(¢-Ŋ Ŋ+.2Ŋ".!#-3#2ĔŊ+.2Ŋ#23 Ĺ +#!(,(#-3.2Ŋ#"4! 3(5.2Ŋ/ 13(!4+ Ĺ 1#2Ŋ"# #-Ŋ2#1Ŋ3., ".2Ŋ#-Ŋ!4#-3 Ŋ#-Ŋ !4 +04(#1Ŋ1#2.+4!(¢-ĔŊ/.104#Ŋ#++.2Ŋ /#13#-#!#-Ŋ Ŋ+ Ŋ#"4! !(¢-Ŋ'(2/ - ēŊŊ
FWhW cW‹WdW bei _dj[# ]hWdj[i Z[b 8Wbb[j Z[ 7hj[ o 9kbjkhW Ăˆ?dj[]hWY_ÂŒd 7dZ_dWÉ" e\h[Y[h|d kd \[ij_lWb \ebabÂŒ# h_Ye" [d [b XWhh_e @[hkiWbƒd Z[ bW fWhhegk_W Z[ IWdjW HeiW" WYj_l_ZWZ eh]Wd_pWZW feh [b :‡W Z[ bW CWZh[$ 7gk‡" i[ ZWh| W YedeY[h W bW Yeb[Yj_l_ZWZ bei jhWXW`ei Yeh[e]h|Ă’ Yei o h[i[‹Wi ^_ijÂŒ# h_YWi Z[ bW cWZh[ Z[b Wo[h" ^eo o i_[cfh[1 WZ[c|i i[ YedjWh| Yed bW fWhj_Y_fWY_ÂŒd Z[ *& eh]Wd_pWY_ed[i \ebYbÂŒh_YWi$
#15(!(.ĹŠ"#ĹŠ '#, 3.+.%~
Ĺ—ĹŠ ĹŠĹŠ7dj[ bW d[Y[i_ZWZ Z[ iWj_i\WY[h bei h[gk[h_c_[djei cƒZ_Yei [d [b |h[W Z[ ^[fW# jebe]‡W" [b 9[djhe CƒZ_Ye Z[ bW 9hkp He`W Z[ Jkd]khW^kW" Wj_[dZ[ Z[ bkd[i W l_[hd[i [d ^ehWh_e Z[ &.0)& W '(0)&$ BW fhe\[i_edWb" CWh‡W ;k][# d_W BÂŒf[p" [i bW [dYWh]WZW Z[ [c_j_h YkWbgk_[h Z_W]dÂŒij_Ye Z[ [d\[hc[ZWZ[i Z[ bW iWd]h[ Yece b[kY[c_Wi" Wd[c_Wi" L?>" [djh[ ejhei$
?d\ehc[ Z[ fh[diW ;b cWhj[i )' Z[ cWoe W bWi '&0&&" [d bWi _dijWbWY_ed[i Z[ bW I[Yh[jWh‡W DWY_edWb Z[ JhWdifWh[dY_W Z[ =[ij_ÂŒd IDJ= " i[ Z[iWhhebbWh| kdW hk[ZW Z[ fh[diW" Yed bW Ă’ dWb_ZWZ Z[ ZWh W YedeY[h bei fheY[iei _dl[ij_]Wj_lei gk[ j_[d[ [ijW h[]_edWb o [b jhWXW`e Z[ \ehjWb[Y_c_[dje Z[ bWi YWcfW‹Wi Z[ fh[l[dY_ÂŒd [d Yeb[]_ei o kd_l[hi_ZWZ[i$ I[h| [d [b fh_c[h f_ie Wbje Z[b [n [Z_Ă’ Y_e Z[ JL[djWi$
Ĺ—ĹŠĹŠĹŠ
(,/( -ĹŠ+.2ĹŠ24,("#1.2
ĹŠ,  - ĹŠ"#ĹŠ 8#1ĔŊ#+ĹŠ/#12.- +ĹŠ"#ĹŠ+ ĹŠ ,/1#2 ĹŠ ĂŒ +(! ĹŊ ,/1#2 ĹŠ 4-(!(/ +ĹŠ"#ĹŠ %4 ĹŠ .3 +#ĹŠ8ĹŠ +! -3 1(++ ".ĹŠ"#ĹŠ , 3.Ŋĸ /Äą , / Äą ĚĔŊ1# +(9¢Ŋ31 ).2ĹŠ"#ĹŠ+(,/(#9 ĹŠ#-ĹŠ! " ĹŠ4-.ĹŠ"#ĹŠ"(!'.2ĹŠ24,("#1.2ĔŊ 4 (! ".2ĹŠ#-ĹŠ+ ĹŠ 5#-(" ĹŠ -3.-(.ĹŠ + 5().ĔŊ2#!3.1ĹŠ"#ĹŠ ( 1(! ĹŠ Ä“ĹŠ
Ŋ Ŋ Ŋ Ŋ Ŋ : Ŋ ĔŊ Ŋ Ŋ Ŋ Ŋ Ŋ Ŋ Ŋ
Ä…
7 ĂĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
#23#).2Ŋ# 4 , +¢
Ĺ—ĹŠĹŠĹŠĹŠ
BW fWhhegk_W >kWcXWbÂŒ [ij| Z[ Ă’ [ijWi jhWi Y[b[XhWh kd dk[le Wd_l[hiWh_e Z[ fWhhe# gk_Wb_pWY_ÂŒd1 ied '*. W‹ei Z[ fh[i[dY_W [d [b YWdjÂŒd F[b_b[e Yece kd h[\[h[dj[ Z[ fheZkY# Y_ÂŒd W]h‡YebW" ]WdWZ[hW o feh ik fk[ije Z[b ck[Xb[$ 9ece fWhj[ Z[ bWi WYj_l_ZWZ[i \[ij_l_ZWZ[i Wo[h i[ h[Wb_pÂŒ kdW c_iW Z[ WYY_ÂŒd Z[ ]hWY_Wi1 bk[]e ^kXe YWd[bWpei" XWdZWi Z[ fk[Xbe o \[ij_lWb Z[ bkY[i [d c[Z_e Z[ bW Wb[]h‡W o `eb]e# h_e Z[ ik ][dj[ >eo W fWhj_h Z[ bWi '/0&& i[ h[Wb_pWh| [b :emd >_bb deYjkh# de o Z[iZ[ bWi (&0&& ^WXh| [b \[ij_lWb Whj‡ij_Ye Ăˆ>kWcXWbÂŒ Jki >_`ei J[ 9WdjWdÉ$ :ec_d]e (/ CW‹WdW Zec_d]e i[ Z[iWhhe# bbWh| [b Z[iĂ’ b[ Y‡l_Ye W fWhj_h Z[ bWi '&0&& feh bWi fh_dY_fW# b[i YWbb[i Z[ bW fWhhegk_W$ 7 bWi '(0&& i[ [\[YjkWh| bW i[# i_ÂŒd ieb[cd[ Z[ Wd_l[hiWh_e" ZedZ[ _dWk]khWh|d eXhWi o Ă’ hcWh|d Yedl[d_ei _cfeh# jWdj[i Z[ l_Wb_ZWZ$ 7 bWi '*0&& j[dZh| bk]Wh bW \[h_W Z[ fbWjei j‡f_Yei [d [b fWhgk[ Y[djhWb$ 7 bWi '-0&&" bW _dWk]khWY_ÂŒd Z[ bW ;iYk[bW Z[ <‘jXeb Z[ bW FWhhegk_W o W bWi '.0&& [b XW_b[ Z[ Ă’ d Z[ Ă’ [ijWi$ ?iWWY L_bb[]Wi" fh[i_Z[dj[ Z[ bW @kdjW FWhhegk_Wb _d\ehcÂŒ gk[ fWhW cW‹WdW [ij| fh[l_i# je bW fh[i[dY_W Z[ Wkjeh_ZWZ[i fhel_dY_Wb[i" [djh[ [bbWi [b fh[\[Yje <[hdWdZe DWhWd`e W gk_[d i[ b[ ^Wh| kd h[YedeY_# c_[dje [if[Y_Wb$
ÂĄ Ä“ĹŠ .-ĹŠ#+ĹŠ/1#%¢-ĹŠ"#ĹŠÄƒĹŠ#23 2ĹŠ2#ĹŠ 1#ĹŠ#+ĹŠ3#+¢-ĹŠ ĹŠ"(5#12.2ĹŠ/1.%1 , 2ĹŠ#-ĹŠ+ ĹŠ! /(3 +ĹŠ"#+ĹŠ)# -ĔŊ".-"#ĹŠ' 8ĹŠ,4!'.ĹŠ(-3#1_2ĹŠ/.1ĹŠ/ 13(!(/ 1ĹŠ#-ĹŠ+.2ĹŠ !3.2ĹŠ!#-31 +#2Ä“
Ĺ‹#(# # (Ĺ‹&)-Ĺ‹ -. $)-Ĺ‹*),Ĺ‹ ÝÿÝŋ ˜)-Ĺ‹ Ĺ‹ (.)(#4 #š(
41 -3#ĹŠ+.2ĹŠ,#2#2ĹŠ"#ĹŠ)4-(.ĹŠ8ĹŠ)4+(.ĹŠ+.2ĹŠ/#Äą +(+# .2ĹŠ5(5(1;-ĹŠ"(5#12 2ĹŠ/1.%1 , !(.-#2ĹŠ ++#- 2ĹŠ"#ĹŠ +#%1~ ĔŊ!4+341 ĹŠ8ĹŠ$1 3#1-(" "Ä“ ;b 9ec_jƒ Z[ <_[ijWi Z[ F[b_b[e Wb_ijW bei ‘bj_cei Z[jWbb[i fWhW [b _d_Y_e Z[ bWi \[ij_l_ZWZ[i feh bei '+' W‹ei Z[ fhe]h[ie o Z[# iWhhebbe Z[b YWdjÂŒd$ BW Wb[]h‡W Z[ bei ^WX_jWdj[i Z[ [ij[ h_dYÂŒd fheZkYj_le Z[ Jkd]khW^kW" i[ l_ibkcXhWh| ZkhWdj[ Zei c[i[i Z[ Y[b[XhW# Y_ed[i [d gk[ h[Yk[hZWd kd dk[le Wd_l[hiWh_e Z[ l_ZW _di# j_jkY_edWb$ ;i Wi‡ gk[ fWhW [b l_[hd[i ) Z[ `kd_e" W bWi '/0&&"
[ij| fh[l_ije Z[iWhhebbWhi[ [d [b IWbÂŒd Z[ bW 9_kZWZ Z[b Ck# d_Y_f_e Z[ F[b_b[e" bW fh[i[djW# Y_ÂŒd eĂ’ Y_Wb Z[ bWi Ă’ [ijWi (&''$ FWhW [b Zec_d]e + Z[ `kd_e" W fWhj_h Z[ bWi &/0&&" j[dZh| bk]Wh [b fh[]ÂŒd Z[ Ă’ [ijWi gk[ i[ Z[iWhhebbWh| feh bWi fh_dY_# fWb[i YWbb[i Z[ bW khX[$ <WX_|d HWcei" Z_h[Yjeh Z[b 9ec_jƒ Z[ <_[ijWi" i[ ceijhÂŒ YecfbWY_Ze feh bW Wb[]h‡W gk[ oW jhWdic_j[d XWhh_ei" fWhhe#
'*),. (. ŋ )( #š(ŋ +! +"#2Ŋ#-Ŋ!.-%1#2.
Ĺ—ĹŠĹŠ
;b YWdjŒd 9kcWdZ| Z[ bW fhel_dY_W Z[ 9^_cXehWpe \k[ [b [iY[dWh_e ZedZ[ i[ Z_e [b i[]kdZe Yed]h[ie Z[ ;cfh[# iWi F‘Xb_YWi CWdYeckdWZWi Z[ 7i[e ?dj[]hWb Z[b ;YkWZeh" Yed bW fWhj_Y_fWY_Œd Z[ bW [c# fh[iW gk[ bW _dj[]hWd FWjWj[ o F[b_b[e$ ;b eX`[j_le Z[b [l[dje \k[ \eh# jWb[Y[h [b \kdY_edWc_[dje Z[ [ij[ dk[le ceZ[be Z[ ][ij_Œd [d [b jhWjWc_[dje Z[ Z[i[Y^ei iŒb_Zei$ Bei WbYWbZ[i CWdk[b 9W_pWXWdZW o C[ZWhZe 9^_# b_gk_d]W Z[ F[b_b[e o FWjWj[" h[if[Yj_lWc[dj[ Wi_ij_[hed Wb
7b h[YehZWh bei )( W‹ei Z[b 9e# b[]_e DWY_edWb >kWi_cfWcXW" CWdk[b 9W_pWXWdZW" WbYWbZ[ Z[ F[b_b[e" [d Z‡Wi Wdj[h_eh[i" [d# jh[]ÂŒ [d YeceZWje _dZ[\_d_Ze kd j[hh[de Z[ dk[l[ c_b c[jhei YkWZhWZei [d X[d[Ă’ Y_e Z[ [ijW _dij_jkY_ÂŒd [ZkYWj_lW$ I[]‘d bW fh_c[hW Wkjeh_ZWZ ckd_Y_fWb" [ij[ fh[Z_e WokZWh| W gk[ [b Yeb[]_e Wcfb‡[ iki _dijW# bWY_ed[i" jecWdZe [d Yk[djW gk[ [b d‘c[he Z[ [ijkZ_Wdj[i WYjkWb -&& ikf[hW bW YWfWY_ZWZ \‡i_YW Z[b [ijWXb[Y_c_[dje$ Feh ik fWhj[" 9Whbei CWpÂŒd" h[Yjeh" W]hWZ[Y_ÂŒ [b ][ije Z[b Xkh# ]ecW[ijh[ o iki YedY[`Wb[i o Wb c_ice j_[cfe h[iWbjÂŒ bW _cfeh# jWdY_W Z[ [ijW [djh[]W gk[ \WY_b_# jWh| [b jhWXW`e [ZkYWj_le jWdje Z[ fhe\[ieh[i Yece [ijkZ_Wdj[i$
gk_Wi" YWi[h‡ei" Yeckd_ZWZ[i" [dj_ZWZ[i f‘Xb_YWi o fh_lWZWi" gk_[d[i [ij|d Z[Y_Z_ZWi W Yed# jh_Xk_h Wb ƒn_je Z[ [ijei \[ij[`ei$ I[ [ij_cW gk[ [b fh[]ÂŒd j[dZh| kdW ZkhWY_ÂŒd Wfhen_cWZW Z[ Zei ^ehWi" fk[i YedjWh| Yed bW WYj_lW fWhj_Y_fWY_ÂŒd Z[ bei [i# jWXb[Y_c_[djei [ZkYWj_lei$ Feh ejhe bWZe" HWcei _d\eh# cÂŒ gk[ i[ hWj_Ă’ YWd bWi \[Y^Wi fWhW bei fhe]hWcWi Y[djhWb[i feh bei '+' W‹ei Z[ YWdjed_pW# Y_ÂŒd$ ;b i|XWZe / Z[ `kb_e" W bWi (&0&&" [d [b Yeb_i[e Z[ bW fW# hhegk_W 8eb‡lWh i[ ZWh| bW [b[Y# Y_ÂŒd Z[ h[_dW _dj[hfWhhegk_Wb$ C_[djhWi [b ', Z[ `kb_e" W bWi (&0&&" [d [b 9eb_i[e 9[djhWb Z[
F[b_b[e" i[ Z[iWhhebbWh| [b WYje ]WbWdj[ Z[ [b[YY_ÂŒd Z[ bW dk[lW ieX[hWdW YWdjedWb$ ;b Zec_d]e '- Z[ `kb_e" W bWi &/0&&" i[ h[Wb_pWh| [b Z[iĂ’ b[ ?dj[hYkbjkhWb1 \_dWbc[dj[ [b l_[hd[i (( Z[ `kb_e" W bWi &/0&&" i[h| [b Z[iĂ’ b[ Y‡l_Ye#c_b_jWh o W bWi '(0&&" bW i[i_ÂŒd ieb[cd[$ ;b i|XWZe () Z[ `kb_e i[ [\[YjkWh| [b HWbbo 9_kZWZ Z[ F[b_b[e$ :khWdj[ bei Zei c[i[i Z[ Ă’ [ijW bei XWhh_ei o fWhhegk_Wi jWcX_ƒd h[Wb_pWd iki fhe]hW# cWi beYWb[i [d [b gk[ fWhj_Y_# fWd fhef_ei o [njhW‹ei gk[ bb[]Wd W [ij[ h_dYÂŒd Z[ bW fW# jh_W" W YecfWhj_h cec[djei Z[ Wb[]h‡W o Ă’ [ijW$
'* -#()-Ĺ‹ ()Ĺ‹& Ĺ‹. ' (Ĺ‹ &Ĺ‹ /(!/, "/
gk[ [ij|d \h[dj[ W \h[dj[ Yed [b Yebeie$ 7 iki ,, W‹ei" jeZWl‡W i_[dj[ gk[ j_[d[ ckY^ei W‹ei feh i[]k_h WZ[bWdj[ bkY^WdZe YedjhW bW \k[hpW Z[ bW dWjkhWb[# pW" gk[ feh Y[hYW Z[ '( bWh]ei W‹ei ^W YWkiWZe [ijhW]ei [d bW >WX_jWdj[i Yece =edpWbe 9^_# pedW$ xb `kdje W ik [ifeiW CW# YW_pW \eje Z[b i[Yjeh Z[ FWd# h‡W =kWje" Z[ ,) W‹ei" o ik f[# ]kb‡" f[hj[d[Y_[dj[ W bW fWhhe# gk[‹W d_[jW @[dd_\[h D_Yeb[" Z[ gk_W 9ejWbŒ [d F[b_b[e" Z_Y[d de kd W‹e o c[Z_e" f[hcWd[Y[d j[c[hb[ Wb Jkd]khW^kW" f[i[ W Z‡W jhWi Z‡W [d iki YWcfei$
Ä“ĹŠ 43.1(" "#2ĹŠ,4-(!(/ +#2ĹŠ 8ĹŠ"#+ĹŠ/+ -3#+ĹŠ#"4! 3(5.ĹŠ#-ĹŠ+ ĹŠÄƒĹŠ1, ĹŠ"#ĹŠ !.-5#-(.Ä“
9ece fWhj[ Z[b W]hWZ[Y_# c_[dje Z[ bWi Wkjeh_ZWZ[i Z[b fbWdj[b" i[ Z[l[bΠkdW fbWYW [d bW gk[ YedijWd bei decXh[i Z[ bei c_[cXhei Z[b 9edY[`e 9WdjedWb Z[ F[b_b[e$
Ä“ĹŠ .-9 +.ĹŠ '(! (9 ĔŊ"#ĹŠÄ?ÄŽĹŠ  .2ĔŊ)4-3.ĹŠ ĹŠ24ĹŠ-(#3 ĹŠ #--($#1ĹŠ,(1 -ĹŠ "#ĹŠ$1#-3#ĹŠ +ĹŠ%(% -3#Ä“
-./ # (. -Ĺ‹, *, - (. ,)(Ĺ‹ & -Ĺ‹0#0 ( # -Ĺ‹ / .),# ( -Ĺ‹ .-ĹŠ#23#ĹŠ3(/.ĹŠ"#ĹŠ !3(5(" "#2ĹŠ2#ĹŠ 42! ĹŠ, -3#-#1ĹŠ 5(5 2ĹŠ+ 2ĹŠ!.234,Äą 1#2ĹŠ8ĹŠ31 "(!(.-#2Ä“ 7 jhWlƒi Z[ bW ZWdpW" l[ijkWh_e o bW ]Wijhedec‡W \k[hed [nfk[i# jWi bWi YeijkcXh[i o jhWZ_Y_ed[i Z[b ;YkWZeh" feh fWhj[ Z[ bei [ijkZ_Wdj[i Z[b f[di_edWZe BW C[hY[Z" gk[ h[Wb_pWhed kdW YWiW WX_[hjW ZedZ[ h[fh[i[djWhed bWi YbWi[i ieY_Wb[i [d bW ƒfeYW h[fk# Xb_YWdW Z[ '.)&$ 7gk‡" [b _d][d_e o Yh[Wj_l_ZWZ
Z[ bei [ijkZ_Wdj[i ^_Y_[hed gk[ bei fWZh[i Z[ \Wc_b_W h[Yk[hZ[d Wb]e Z[ bW ^_ijeh_W Wdj_]kW Z[b ;YkWZeh1 Yece bWi Z_l[hiWi YbW# i[i Yebed_Wb[i Z[ bW ƒfeYW o bW Z[# b_Y_eiW ]Wijhedec‡W$ Ie\‡W I|dY^[p" ZeY[dj[ Z[b fbWdj[b" cWd_\[ijŒ gk[ bei [ijk# Z_Wdj[i" Z[djhe Z[ bW WYj_l_ZWZ" [iYe]_[hed h[fh[i[djWh W bWi YbW# i[i0 WbjW e deXb[" c[ij_pW" _dZ‡# ][dW o bW [iYbWl_jkZ Z[b f[h‡eZe Yebed_Wb$ 7]h[]Œ" gk[ [ij[ j_fe Z[ WYj_# l_ZWZ[i Z[ck[ijhWd gk[ bei Ye# deY_c_[djei de iebe i[ WZgk_[h[d [d bWi WkbWi Z[ YbWi[i" i_de \k[hW Z[ [bbWi1 WZ[c|i Z[ h[iWbjWh bWi jhWZ_Y_ed[i o YeijkcXh[i Z[ bei jkd]khW^k[di[i$
7 ĂĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ć
Ä?ćŊ
ĹŠ
/ 13(!(/ 1.-Ŋ"#+Ŋ #5#-3.Ŋ'(23¢1(!.ē
ćĉŊ
Ŋ 31 ) 1.-Ŋ#-Ŋ+ Ŋ "1 , 3(9 !(¢-ē
ēŊ .2Ŋ#234"( -3#2Ŋ"#+Ŋ2_/3(,.Ŋ  .Ŋ"(#1.-Ŋ Ŋ!.-.!#1Ŋ+ Ŋ% 231.-.,~ Ŋ"#Ŋ+ Ŋ1#%(¢-Ŋ!#-31 +Ŋ"#+Ŋ !4 ".1ē
ÂĄ Ä“ĹŠ .2ĹŠ1#$#1#-3#2ĹŠ"#ĹŠ+ 2ĹŠÄƒ#23 2ĹŠ/./4+ 1#2ĹŠ"#ĹŠ +%4- 2ĹŠ/1.5(-!( 2ĔŊ2#ĹŠ '(!(#1.-ĹŠ/1#2#-3#2ĹŠ#-ĹŠ#23 ĹŠ !3(5(" "Ä“ ÂĄ Ä“ĹŠ ĹŠ , ĹŠ #%1 Ä”ĹŠÄƒ#23 ĹŠ31 "(!(.- +ĹŠ"#ĹŠ .3./ 7(ĔŊ$4#ĹŠ"1 , 3(9 " ĹŠ/.1ĹŠ+.2ĹŠ#234"( -3#2ĹŠ"#+ĹŠ/+ -3#+Ä“ĹŠ
Ä“ĹŠ .2ĹŠ +4,-.2ĹŠ"(2$143 1.-ĹŠ,4!'.ĹŠ +ĹŠ (+ 1ĹŠ#+ĹŠ/ Äą 2.". +#Ä“ĹŠ
9?D;C7HA } ēŊ -"1# Ŋ _1#9ĔŊ#234"( -3#Ŋ"#+Ŋ2_/3(,.Ŋ  .ĔŊ+4!(¢Ŋ 4-Ŋ5#23(".Ŋ"#Ŋ+ Ŋ_/.! Ŋ!.+.-( +ēŊŊŊ
Ä“ĹŠ ĹŠ ( + " ĹŠ (++ 1#Â ĹŠ'(9.ĹŠ"#ĹŠ+ 2ĹŠ248 2ĹŠ +ĹŠ2.-ĹŠ"#ĹŠ + ĹŠ -" ĹŠ"#ĹŠ/4# +.Ä“
§ ć 0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
7 Ĺ?ĂĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ŋ/.+~3(! Ŋ#2Ŋ #+Ŋ 13#Ŋ"#Ŋ. Ĺ 3#-#1Ŋ#+Ŋ"(-#Ĺ 1.Ŋ"#Ŋ+.2Ŋ1(!.2Ŋ8Ŋ#+Ŋ 5.3.Ŋ"#Ŋ+.2Ŋ/. 1#2Ŋ !.-Ŋ#+Ŋ/1#3#73.Ŋ "#Ŋ/1.3#%#1Ŋ Ŋ+.2Ŋ 4-.2Ŋ"#Ŋ+.2Ŋ.31.2Ģē
+Ŋ!., 3#Ŋ !.-Ŋ("# 2Ŋ' Ŋ "#Ŋ 2#,#) 1Ĺ 2#Ŋ Ŋ4-Ŋ!., 3#Ŋ !.-Ŋ#2/ " 2Ŋ #2/(1(34 +#2ĔŊ 04#Ŋ!.13 -Ŋ 2(-Ŋ! 42 1Ŋ".+.1Ģē Ŋ Ô Ŋ
ĹŠ ĹŠ ĹŠ
.+(!~ ĹŠ8ĹŠ!.-ă -9 ĹŠ
H[Ykf[hWh bW YedĂ’WdpW Z[ bei Y_kZWZWdei Z[X[ i[h [b fh_dY_fWb eX`[j_le Z[ bW Feb_Y‡W DWY_edWb [d [ijW dk[lW [jWfW Z[ h[[ijhkYjkhWY_ÂŒd" i[]‘d [b C_d_ijhe Z[b ?dj[h_eh" @eiƒ I[hhWde$ ÆBW Feb_Y‡W DWY_e# dWb h[gk_[h[ fhe\kdZ_pWh ik \ehjWb[Y_c_[dje o [bbe j_[d[ gk[ [ijWh ZWZe" [d \kdY_ÂŒd Z[b h[fei_Y_edWc_[dje o [b h[\eh# pWc_[dje Z[ bW YedĂ’WdpW Z[ bW Y_kZWZWd‡W$ ;i[ i_d bk]Wh W ZkZW Z[X[ Z[ i[h [b fh_dY_fWb eX`[j_le Z[ dk[ijhW ][ij_ÂŒd Yed`kdjWÇ" Z_`e$ ;ijW h[Ă“[n_ÂŒd bW ^_pe ZkhWdj[ kd Z_iYkhie [d =kWoWgk_b" Z[bWdj[ Z[ kdei (&& feb_Y‡Wi1 o \k[ h[_j[hWZW jWdje feh [b 9ecWdZWdj[ DW# Y_edWb Z[ bW Feb_Y‡W" =[d[hWb$ <Wkije <hWdYe1 Yece feh [b YecWdZWdj[ Z[b :_ijh_je C[# jhefeb_jWde Z[ =kWoWgk_b" HW# c_he CWdj_bbW$ Æ9h[Wd [d ik Feb_Y‡W" YedĂ’[cei [d ik Feb_# Y‡W" Z_`e <hWdYe1 c_[djhWi gk[ CWdj_bbW ^_pe kd bbWcWZe fWhW gk[ i[ h[YedepYW [b [i\k[hpe Z[ bei ][dZWhc[i$ Æ9ed\‡[d [d bW Feb_Y‡W DWY_edWb$ ;ijWcei jhWXW`WdZe (* ^ehWi Wb Z‡W" ),+ Z‡Wi Wb W‹e" fWhW Xh_dZWh bW i[]kh_ZWZ gk[ d[Y[i_jW [b ]kWoWgk_b[‹e" gk[ d[Y[i_jW [b [YkWjeh_WdeÇ" _dZ_YÂŒ$ BWi jh[i Wkjeh_ZWZ[i i[ h[kd_[hed Wo[h fWhW fh[i[d# jWh [b fbWd Z[ i[]kh_ZWZ gk[ [`[hY[h|d bei ]hkfei [if[Y_W# b[i Z[ bW Feb_Y‡W DWY_edWb [d [ijW Y_kZWZ" [bWXehWZe fWhW Ykcfb_h Z_Y^e eX`[j_le o XW`Wh bei ‡dZ_Y[i Z[b_dYk[dY_Wb[i$ ',' c_[cXhei Z[b =hkfe Z[ ?dj[hl[dY_ÂŒd o H[iYWj[ =?H " =hkfe Z[ Ef[hWY_ed[i ;if[Y_Wb[i =E; o Z[b =hkfe ;if[Y_Wb CÂŒl_b 7dj_dWhYÂŒj_# Yei =;C7 " fWjhkbbWh|d bW Y_kZWZ" W f_[" h[fWhj_Zei [d Z_[p [gk_fei" gk[ l_i_jWh|d bei i[Yjeh[i Z[ bW Y_kZWZ" Z[ WYk[hZe W kd cWfW ][eh[\[# h[dY_Wb Z[ bW Z[b_dYk[dY_W$ FWhW gk[ bei ef[hWj_lei Z[ [iWi kd_ZWZ[i i[Wd [\[Yj_lei" i[h|d WfeoWZei feh c_[c# Xhei Z[ bW Feb_Y‡W @kZ_Y_Wb o Z[ 7dj_dWhYÂŒj_Yei" gk[ ^Wh|d bWi bWXeh[i Z[ _dj[b_][dY_W o ZWh|d bW _d\ehcWY_ÂŒdÄ“ ĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠ 41¢Ŋ"#ĹŠ -;+(2(2 ĹŠ ĹŠ ĹŠ Ä– ! 13 2 +"(1#!3.1Äž+ '.1 Ä“!.,Ä“#! 2(++ ĹŠÄˆÄ?ĈÄ?Ä‰ÄŒÄŠĹŠ ĹŠ.ĹŠ!4 +04(#1 ĹŠ "#ĹŠ-4#231 2ĹŠ %#-!( 2Ä“ #04(2(3.2Ä–ĹŠ ., 1#2ĹŠ8ĹŠ /#++(".2ĹŠ!.,/+#3.2Ä—ĹŠ-ĂŒ,#Äą 1.ĹŠ"#ĹŠ _"4+ Ä—ĹŠ3#+_$.-.ĹŠÄ¸Äƒ).ĚėŊ"(1#!!(¢-ĹŠ".,(!(+( 1( ĹŠ .ĹŠ"#ĹŠ31 ).ĹŠ8ĹŠ!.11#.ĹŠ#+#!31¢-(!.Ä“
Ĺ‹Ĺ‹ Ĺ‹Ĺ‹ Ĺ‹Ĺ‹
;b <_iYWb =[d[hWb WYWXW Z[ fh[i[djWh kd fWle# heie _d\ehc[ ieXh[ bWi Z[dkdY_Wi h[]_ijhWZWi [d (&'&$ ;d [i[ f[h‡eZe [d [b fW‡i i[ Z[dkd# Y_Whed ()*$&&& Z[b_jei" o ^kXe kdW ikX_ZW Z[ bWi Z[dkdY_Wi [d (( Z[ bWi (* fhel_dY_Wi$ ;d bW cWoeh‡W Z[ [ijWi ^kXe kd Wkc[dje Z[ [djh[ [b '& o [b +& h[if[je Wb d_l[b Z[ (&&/$ ;ije ikY[Z[ YkWdZe i[ gk_[h[ ^WY[hdei Yh[[h gk[ YkWb_jWj_lWc[dj[ [ijWcei c[`eh gk[ [d d_d]k# dW ejhW ƒfeYW Z[ dk[ijhW ^_ijeh_W$ F[he [b <_iYWb dei YebeYW \h[dj[ W \h[dj[ Z[ bW h[Wb_ZWZ" YkWdZe W\_hcW gk[ '($-&& Z[dkdY_Wi ied feh Yh‡c[d[i YedjhW bW l_ZW" gk[ _dYbko[d c|i Z[ *$&&& Wi[i_dWjei o ^ec_Y_Z_ei" o kdWi .$&&& b[i_ed[i$ BWi h[bWY_edWZWi Yed [b dWhYe# jh|\_Ye XehZ[Wd bWi +$.&&$ ;ijWi Y_\hWi ^WY[d _deYkbjWXb[ [b _dYh[c[dje Z[ bW l_eb[dY_W [d dk[ijhW ieY_[ZWZ$ =kWoWi h[]_ijhW kd j[hY_e Z[ bei _d\eh#
Ä“ĹŠ } ĹŠ ĹŠ ĹŠ }
- ' & Ĺ‹ *,)0#( # & ;b Dk[le CeZ[be Z[ =[ij_ÂŒd ]WdW _Z[dj_ZWZ fhel_dY_Wb feh i[h kd fheY[ie Z[ YedijhkYY_ÂŒd Yed" Z[iZ[" o fWhW YWZW i[Yjeh Z[ _dj[hƒi1 _dZ_iYkj_Xb[c[dj[ kdW \ehcW Wkj[dj_YW Z[ fWhj_Y_fWY_ÂŒd ieY_Wb$ >[cei Wi_ij_Ze Yed ckY^e X[d[fb|Y_je W bW EYjWlW$ 7iWcXb[W Fhel_dY_Wb o bei h[ikbjWZei W\_Wd# pWd hW‡Y[i fedZ[hWZWi Z[ ^WY[h ]eX_[hde Z_Y_[dZe o ^WY_[dZe jeZei o jeZWi$ Be dk[le hWZ_YW [d bW _dYbki_ÂŒd Yece ]hkfe Z[ _dj[hƒi bei
c[i Z[ Z[b_jei Z[ (&'& [d [b fW‡i" Yed YWi_ -*$&&& Z[dkdY_Wi Z[ Yh‡c[d[i" be gk[ h[fh[i[djW kd Wkc[dje Z[ c|i Z[b ', $ F_Y^_dY^W WfehjÂŒ YWi_ +&$&&& Z[dkdY_Wi" fWhW kd Wkc[dje Z[b (* $ CWdWX‡" ;b Ehe o Bei H‡ei h[]_ijhWhed '&$&&& YWZW kdW$ ;ijWi Y_dYe fhel_dY_Wi WbYWdpWd W ',($&&&" be gk[ ikfed[ c|i Z[ Zei j[hY[hWi fWhj[i Z[b jejWb Z[b fW‡i$ De eXijWdj[" bW fhefW]WdZW e\_Y_Wb dei ^WXbW Z[ c[`eh[i i[hl_Y_ei Z[ iWbkZ" Z[ [ZkYWY_ÂŒd o bW [`[YkY_ÂŒd Z[ eXhWi f‘Xb_YWi$ I[ dei Z_Y[" WZ[c|i" gk[ ^Wo kdW Z_ic_dkY_ÂŒd ieij[d_ZW Z[b Z[i[cfb[e o gk[ ied Y[dj[dWh[i Z[ c_b[i bWi f[hiedWi gk[ h[Y_X[d Wb]‘d ikXi_Z_e Z[b ;ijWZe$ ;djedY[i" ÂľYk|b[i ied bWi YWkiWi Z[ jWdjW Z[b_dYk[dY_W [ _di[]kh_ZWZ5 ÂľIebe bei `k[# Y[i ied bei h[ifediWXb[i5 >Wo Z_iYkhiei gk[ bW h[Wb_ZWZ Z[ic_[dj[$
d_‹ei" d_‹Wi o WZeb[iY[dj[i" fWhW gk_[d[i bW b[]_ibWY_Œd [if[Y_Wb_pWZW de XWijW i_de i[ Z_ifed[ Z[ ^[hhW# c_[djWi `kh‡Z_YWi beYWb[i o [b \_dWd# Y_Wc_[dje fWhW bW [`[YkY_Œd Z[ feb‡# j_YWi f‘Xb_YWi Yehh[ifedZ_[dj[i W bei _dZ_YWZeh[i Z[ YWZW YWdjŒd o" ejhWi Z[ X[d[\_Y_e fhel_dY_Wb$ Be dk[le \k[ bWi fhefk[ijWi Z[b ]hkfe Z[ _dj[hƒi `Œl[d[i" kd _d\ehc[ Z[ WYj_l_ZWZ[i Yed _d_Y_W# j_lWi \h[iYWi o YedjkdZ[dj[i" [djh[ ejhWi" bW Yedi[hlWY_Œd Z[b WcX_[d# j[ [if[Y‡\_YWc[dj[ Yed _dY_Z[dY_W ieY_Wb W h[ZkY_h [b kie Z[ \kdZWi fb|ij_YWi o [b h[YbkjWc_[dje Z[ Xej[bbWi fb|ij_YWi [d pedWi jkh‡ij_# YWi fWhW [b h[Y_YbW`[ o kj_b_pWY_Œd [d bW YedijhkYY_Œd Z[ l_l_[dZWi i[]‘d ceZ[bei fheXWZei [d ejhWi bWj_jk# Z[i$ BW YedjWc_dWY_Œd Z[ Wƒh[Wi dWjkhWb[i Yedi_Z[hWZWi WjhWYj_lei jkh‡ij_Yei Z[`W ckY^e gk[ Z[i[Wh1 bei ckd_Y_f_ei Z[X[d fhej[][h bW ^_]_[d[ WcX_[djWb kX_YWdZe Z[fŒ#
i_jei Z[ XWikhW fWhW \WY_b_ZWZ Z[ bei l_i_jWdj[i" Yece bW fh[i[dY_W Z[ kdW ]kWhZ_Wd‡W YWfWY_jWZW [d [b Yedjheb o fhej[YY_Œd Z[ bW dWjkhW# b[pW$ Be dk[le" W c|i Z[b _d\ehc[ Wcfb_e Z[ WYj_l_ZWZ[i Z[b 9ec_jƒ Fhel_dY_Wb Z[ Ck`[h[i" \k[ bW fhe# fk[ijW Z[ _d_Y_Wh kd fheY[ie Z[ jhWXW`e Yed bei lWhed[i Z[iZ[ kdW f[hif[Yj_lW Z[ ]ƒd[he$ IWX[cei gk[ be \[c[d_de o be cWiYkb_de eX[Z[Y[d W kdW YWhh[hW Z[ Yedi# jhkYY_Œd ^_ijŒh_YW" XWiWZei [d bW Wi_]dWY_Œd Z[ YkWb_ZWZ[i o \kdY_e# d[i W ^ecXh[i o ck`[h[i W fWhj_h Z[ iki WdWjec‡Wi" [d Yedi[Yk[dY_W fhecel[h [ijW _d_Y_Wj_lW Yed f[hi# f[Yj_lW Z[ ]ƒd[he [i [b fkdje Z[ fWhj_ZW fWhW h[#i_]d_\_YWh [b heb Z[ bW cWiYkb_d_ZWZ" kd fheo[Yje i_d ZkZW gk[ YedjWh| Yed bei [nf[hjei [d [b j[cW$ <[b_Y_jƒcedei feh kd W‹e Z[ be]hei Yed h[ikbjWZei W bei WYjeh[i Z[0 W]kW" jhWXW`e o ][dj[$
Ä“ĹŠ ĹŠ ĹŠ
2*, - ,- ;d ;ifW‹W" Wdj[i Z[ bWi [b[YY_e# d[i Z[ [ij[ W‹e" c_b[i Z[ f[hiedWi i[ ^Wd W]hkfWZe fWhW fhej[ijWh Z[ kdW cWd[hW gk[ h[Wbc[dj[ ^WY[ iedhe`Wh W bW fWbWXhW Z[ceYhWY_W" Yece bW YedeY[cei e [ijWcei WYeijkcXhWZei W [dj[dZ[hbW$ O [i gk[ de ^Wd d[Y[i_jWZe Z[ kdW fWhW\[hdWb_W c[Z_|j_YW c_bbedW# h_W e f[hj[d[Y[h W Wb]‘d fWhj_Ze e Wb_WdpW feb‡j_YW fWhW [nfh[iWh W ik ]eX_[hde gk[ bWi YeiWi de WdZWd X_[d" gk[ ^Wo Z[i[cfb[e" gk[ ^Wo YehhkfY_ÂŒd e gk[ [b Z_d[he gk[ j_[d[ [b fW‡i [ij| [d cWdei Z[ kdei feYei$ 9ece gk[ [ijW h[W# b_ZWZ gk[ i[ [ij| l_l_[dZe [d [i[ fW‡i ?Xƒh_Ye de [i cko Wb[`WZW Z[ bW dk[ijhW" f[he ÂľYÂŒce h[WYY_edWcei bei [YkWjeh_Wdei5 I_ X_[d [i Y_[hje gk[ ^Wo f[hiedWi gk[ i[ [nfh[iWd Z[ Z_l[hiei ceZei [d dk[ijhe fW‡i" o de d[Y[iWh_Wc[dj[ c[Z_Wdj[ bei c[Z_ei" W‘d de [c[h][ kdW fhej[i# jW i_c_bWh W bW [ifW‹ebW" fWh[Y[ gk[ jeZWl‡W dei ]WdW bW WfWj‡W$ ÂľGkƒ dei \WbjW fWhW iWb_h Z[ [i[ Yed\eh# c_ice Z[ be _d[nfh[i_le5 :[iZ[ c_ fkdje Z[ l_ijW0 ;ZkYWY_ÂŒd$ FWhW feZ[h c_hWh ^WY_W Whh_XW Z[Xe iWX[h ZedZ[ c[ [dYk[djhe0 Yede# Y[h$ <_dWbc[dj[" ÆIecei kd cWh Z[ \k[]k_jeiÇ" Yece Y_jW =Wb[Wde bWi fWbWXhWi Z[ kd ^ecXh[ Z[ D[]kW" 9ebecX_W" fWhW c[j[h [b Z[Ze [d bW bbW]W" h[YehZ|dZedei gk[ iecei i[h[i ^kcWdei" j[d[# cei Z_]d_ZWZ" j[d[cei Z[h[Y^ei o eXb_]WY_ed[i Yed bei Z[c|i o Yed deiejhei c_icei$ F[he fWhW fed[h Z[ cWd_\_[ije be gk[ f[diWcei Z[X[cei Wh]kc[djWhbe" o fWhW [bbe [ZkYWhdei$ L_l_cei Wc[dW# pWZei o jeZe be l[cei Yed ÆbÂŒ]_YWÇ" bW YkWb Yed kd feYe Z[ cWgk_bbW`[ [d ckY^ei YWiei bW ^[cei lk[bje [nYkiW" Z[iZ[ kd bÂŒ]_Ye c_[Ze W bW Z[b_dYk[dY_W" fWiWdZe feh [b c_[Ze W i[h [nYbk_Zei" [b c_[Ze Wb Ægkƒ Z_h|d e ^WY[h [b fWf[bÂŒdÇ" W i[h Z_\[h[dj[i e c[`eh Z_Y^e _dZ[# f[dZ_[dj[i" ^WijW bb[]Wh W bW _Z[W Z[ j[d[h j[hheh W f[diWh1 o ƒijW" Wkd# gk[ fWh[pYW _hed‡W" [i c|i Yec‘d Z[ be gk[ fWh[Y[1 o [i gk[ [l_jWh Yec[djWh be gk[ f[diWcei h[ikbjW YÂŒceZe o de jhW[ jWdje Yed\b_Yje$ F[he ^Wo kd Z[jWbb[" o [i gk[ bWi fWbWXhWi ied be gk[ Yedijhko[ Wb ik`[je Yece i[h ^kcWde$
1#2("#-3#ĹŠ !(.- + ĹŠ ĹŠ } (1#!3.1 ĹŠ ĹŠ
"(3.1 ĹŠ #-#1 +
ĹŠ ÂĄ ĹŠ "(3.1ĹŠ #%(.- + ĹŠ "(#/.! ĹŠ Ä“ Ä“ (1#!!(¢-Ä–ĹŠ 4(3.ĹŠÄ‡Ä‰ÄąÄŒÄŽĹŠ#-31#ĹŠ .! $4#13#ĹŠ8ĹŠ .+~5 1 #+_$.-.2Ä–ĹŠĹŠÄ‰ÄŒÄ‰ÄąÄˆÄ?ÄŠÄ‡ĹŠÄľĹŠÄ‰ÄŒÄ‰ÄąÄˆÄ?ÄŠÄˆĹŠÄľ Ä‰ÄŒÄ‰ÄąÄ‰ÄŒÄ‡Ä’ĹŠÄľĹŠÄ‰ÄŒÄ‰ÄąÄ‡ÄŽÄ‰Ä’ĹŠÄľĹŠÄ‰ÄŒÄ‰Ä‡ÄˆÄ’Ä? 7Ä–ĹŠĹŠÄ‰ÄŒÄ‰ÄąÄ‡ÄˆÄ’Ä? 4 +(!(" "Ä–ĹŠÄ‰ÄŒÄ‰Ä‡ÄˆÄ‘ÄŒ 42!1(/!(.-#2Ä–ĹŠÄ‰ÄŒÄ‰ÄąÄˆÄ?ÄŠÄ‡ĹŠÄľĹŠÄ‰ÄŒÄ‰ÄąÄˆÄ?ÄŠÄˆĹŠ , (+Ä–ĹŠ , 3.Äž+ '.1 Ä“!.,Ä“#!  .Ä–ĹŠ ĹŠ .Ä“ĹŠÄ?ČĈĈ
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
)(Ĺ‹&)-Ĺ‹ ')-)-Ĺ‹'6-Ĺ‹ *) ,)-)-Ĺ‹ &Ĺ‹'/( )
Ŋ/1(,#1 Ŋ#-Ŋ+ Ŋ+(23 Ŋ#2Ŋ "8Ŋ % ĔŊ +#Ŋ2(%4#Ŋ+ Ŋ/1#2#-3 ".1 Ŋ"#Ŋ3#+#5(2(¢-Ŋ /1 'Ŋ (-$1#8Ŋ"#Ŋ 23 ".2Ŋ -(".2ē
;b \kjXeb_ijW Wh][dj_de B_ed[b C[ii_ ,( o [b j[d_ijW [ifW‹eb HW# .2(!(.-#2 \W[b DWZWb *, \ehcWd fWhj[ Z[ bW
(23 ĹŠ"#ĹŠ/."#1 b_ijW Z[ bWi '&& Y[b[Xh_ZWZ[i c|i feZ[heiWi Z[b fbWd[jW [bWXehWZW ĒćŊ,(++.-#2ĹŠ"#ĹŠ"¢+ 1#2 feh bW h[l_ijW [ijWZekd_Z[di[ Ĺ—ĹŠ "8ĹŠ % Ä–ĹŠ Ĺ—ĹŠ /1 'ĹŠ (-$1#8ĖŊĉĒćŊ,(++.-#2ĹŠ"#ĹŠ"¢+ 1#2 <ehX[i o gk[ [ij[ W‹e [dYWX[pW bW #1Ä–ĹŠ ÄŽÄŠĹŠ,(++.-#2ĹŠ"#ĹŠ"¢+ 1#2 Ĺ—ĹŠ 423(-ĹŠ (# YWdjWdj[ BWZo =W]W$ ÄˆÄ’ÄŽĹŠ,(++.-#2ĹŠ"#ĹŠ"¢+ 1#2 Ĺ—ĹŠ ĉĖŊ =W]W Z[iXWdYÂŒ Z[b fh_c[h Ĺ—ĹŠ +3.-ĹŠ .'-Ä–ĹŠ ÄˆÄ‡Ä‡ĹŠ,(++.-#2ĹŠ"#ĹŠ"¢+ 1#2 fk[ije W bW fh[i[djWZehW Z[ j[b[# l_i_ÂŒd EfhW^ M_d\h[o" gk_[d ^W# X‡W b_Z[hWZe [b b_ijWZe [d YkWjhe 31.2ĹŠ2(3( +#2 eYWi_ed[i$ 7kdgk[ EfhW^ M_d\h[o i[ gk[# BW YWdjWdj[ de iebe ZW Yed [b i[]kdZe fk[ije" ]WdÂŒ feh iki _d]h[iei gk[ ĹŠ i_]k[ i_[dZe bW gk[ eXjkle WiY_[dZ[d W /& c_bbed[i Z[ cWoeh[i _d]h[iei [d [b ‘b# ZÂŒbWh[i [d bei ‘bj_cei ZeY[ +ĹŠ1 -*(-%ĹŠ"#ĹŠ j_ce W‹e0 (/& c_bbed[i Z[ c[i[i " i_ de jWcX_ƒd feh .1 #2ĹŠ#-+(23 ĹŠ ĹŠ ZÂŒbWh[i$ ik _dĂ“ k[dY_W" Wb i[h Yedi_# !(#-ĹŠ#231#++ 2ĹŠ"#+ĹŠ ;d [b j[hY[h bk]Wh jWc# !(-#ĔŊ+ ĹŠ3#+#5(Äą Z[hWZW bW h[_dW Z[ bWi h[# 2(¢-ĔŊ+ ĹŠ,ĂŒ2(! ĹŠ8ĹŠ X_ƒd ^kXe iehfh[iWi$ 7fW# Z[i ieY_Wb[i" Yed c|i Z[ )( #+ĹŠ"#/.13#ĹŠ#-ĹŠ h[Y[ [b YWdjWdj[ `kl[d_b 2#ĹŠ ĹŠ242ĹŠ c_bbed[i Z[ i[]k_Zeh[i [d % - -!( 2ĹŠ8ĹŠ ĹŠ24ĹŠ @kij_d 8_[X[h gk_[d" Yed / 1(!(¢-ĹŠ#-ĹŠ+.2ĹŠ <WY[Xeea o '& c_bbed[i [d ,#"(.2ĹŠ"#ĹŠ '- W‹ei o ]WdWdY_Wi feh !.,4-(! !(¢-ĹŠ Jm_jj[h$ +* c_bbed[i Z[ ZÂŒbWh[i" i[ #-31#ĹŠ, 8.ĹŠ"#ĹŠ Bei \Wdi Z[ BWZo =W]W Ä‰Ä‡ÄˆÄ‡ĹŠ8ĹŠ, 8.ĹŠ"#ĹŠ Yk[bW feh fh_c[hW l[p [d bW Z[iYWh]Whed c|i Z[ kd Ä‰Ä‡ÄˆÄˆÄ“ĹŠ b_ijW$ c_bbÂŒd Z[ Yef_Wi Z_]_jWb[i BW XWdZW _hbWdZ[iW K( Z[ ik c|i h[Y_[dj[ i[dY_bbe" Ăˆ8ehd gk[ZÂŒ [d [b YkWhje fk[ije o ;bjed J^_i MWoÉ" [d iebe Y_dYe Z‡Wi" i[# @e^d [d [b gk_dje$ ]‘d [nfb_YW bW h[l_ijW [d ik l[h# F[he bW lebWj_b_ZWZ [d bW b_ijW i_ÂŒd Z_]_jWb$ fWh[Y[ i[h kdW dehcW$ 7f[dWi [b W‹e fWiWZe" bW YWdjWdj[ 8h_jd[o
Ä? Ĺ‹ Ĺ‹& Ĺ‹Ă°Ĺ‹( &Ä…Ĺ‹()Ĺ‹- Ĺ‹ šŋ &Ĺ‹'/( )ÄŒ Bei i[]k_Zeh[i Z[ kd Yeck# d_YWZeh [lWd]ƒb_Ye [ijWZe# kd_Z[di[ gk[ Z[YbWhÂŒ gk[ [b i|XWZe i[h‡W [b Ă’ d Z[b ckdZe i[ [dYk[djhWd Z[iYedY[hjWZei Wdj[ [b \hWYWie Z[ bW fh[Z_YY_ÂŒd$ O [i gk[ [i[ Z‡W jhWdiYkhh_ÂŒ i_d d_d]‘d f[hYWdY[$ ;b Wkjeh Z[ bW fh[Z_YY_ÂŒd" [b [lWd][b_ijW >WhebZ 9Wc# f_d]" de ^W i_Ze l_ije Z[iZ[ gk[ i[ Ykcfb_ÂŒ bW \[Y^W$ C[# Z_ei Z[ Yeckd_YWY_ÂŒd [ijW# Zekd_Z[di[i h[fehjWhed gk[ 9Wcf_d] de ^W Yedj[ijWZe bWi bbWcWZWi d_ bei c[diW`[i Z[ Yehh[e [b[YjhÂŒd_Ye$ 9Wcf_d] fhedeij_YÂŒ gk[ @[ikYh_ije lebl[h‡W W bW J_[hhW [b i|XWZe (' Z[ cWoe$ JWc#
X_ƒd Z_`e gk[ [d [iW \[Y^W bei l[hZWZ[hei Yh[o[dj[i [djhW# h‡Wd [d ƒnjWi_i ĂˆhWfjkh[ZÉ o i[h‡Wd bb[lWZei Wb 9_[be$ I[]‘d ik fhedÂŒij_Ye" bei j[njei X‡Xb_# Yei _dZ_YWXWd gk[ kd [dehc[ j[hh[ceje [b i|XWZe cWhYWh‡W [b Yec_[dpe Z[ bW Z[ijhkYY_ÂŒd Z[b ckdZe o gk[ ^WY_W [b (' Z[ eYjkXh[ jeZei bei de Yh[o[dj[i [ijWh‡Wd ck[hjei$ ÆDe [dj_[d# Ze feh gkƒ$$$ De [dj_[dZe feh gkƒ dWZW ^W fWiWZeÇ" [nfh[iÂŒ HeX[hj <_jpfWjh_Ya" kd jhWXW# `WZeh h[j_hWZe Z[ kdW W][dY_W jhWdifehj_ijW" gk_[d ]WijÂŒ fWh# j[ Z[ iki W^ehhei fWhW fkXb_Y_# jWh bW fh[Z_YY_ÂŒd$
7 ĂĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ĉ
2#1ĹŠ31 -2ÄƒĹŠ#1#ĹŠ ( +(.3#! ĹŠ#-ĹŠ ÄˆÄ‡ĹŠ2#%4-".2
Ĺ—ĹŠ ĹŠĹŠKd ]hkfe Z[ _dl[ij_]WZeh[i Ă’ `ÂŒ kd dk[le hƒYehZ [d jhWdi#
ēŊ Ŋ! -3 -3#Ŋ "8Ŋ % Ŋ / 1#!#Ŋ#-31#Ŋ+ 2Ŋ,#).1#2ĔŊ-.Ŋ2.+.Ŋ/.1Ŋ24Ŋ $.134- ĔŊ2(-.Ŋ,;2Ŋ (#-Ŋ/.1Ŋ24Ŋ$ , ēŊ
If[Whi eYkfWXW [b i[nje fk[ije o [d [b fk[ije +&" eXj[d_Ze ]hWY_Wi [ij[ W‹e de WfWh[Y[ d_ i_gk_[hW [d W iki dec_dWY_ed[i W bei fh[c_ei [b Yedj[e$ =hWcco" bei =beXei Z[ Ehe o ik fWhj_Y_fWY_ÂŒd Yece `k[p [d [b fhe# ]hWcW Ăˆ7c[h_YWd ?ZebÉ$ #/.13#ĔŊ#2/#!3;!4+.ĹŠ8ĹŠ+ 3(-/.6#1 BW ceZ[be XhWi_b[‹W =_i[b[ EjhWi [ijh[bbWi bWj_dWi Z[b Z[feh# j[ jWcX_ƒd [ij|d [d [b hWda_d] Z[ 8”dZY^[d i[ kX_YW [d [b fk[ije bW h[l_ijW [if[Y_Wb_pWZW [d d[]e# ,& feh Æik feZ[h i_d fh[Y[Z[dj[i Y_ei" Yece [b `k]WZeh Z[ Xƒ_iXeb [d bW _dZkijh_W Z[ bW ceZWÇ$ B[ i_]k[d bW WYjh_p ;lW Bed# Z[ bei OWda[[i Z[ Dk[lW Oeha" [b Zec_d_YWde 7b[n HeZh‡]k[p" ]eh_W" Z[ eh_][d c[n_YWde" [d [b gk[ WfWh[Y[ [d [b fk[ije */ Yed fk[ije .' Yed ') c_bbed[i Z[ ZÂŒbW# ]WdWdY_Wi Z[ )+ c_bbed[i c_bbed[i h[i [d _d]h[iei1 o 9Wc[hed :‡Wp #Z[ fWZh[ YkXWde# gk[ eYkfW [b Z[ ZÂŒbWh[i$ C_[djhWi gk[ [djh[ bei Whj_i# bk]Wh .& Yed '. c_bbed[i Z[ ZÂŒbW# jWi [ij|d bW YWdjWdj[ Z[ eh_][d fk[hjehh_gk[‹e @[dd_\[h BÂŒf[p h[i$
)' , ,)Ĺ‹/- )Ĺ‹ (Ĺ‹ ) Ĺ‹ &Ĺ‹- Ĺ‹0 ( Ĺ‹ Ĺ‹/( Ĺ‹ ),./(
Â&#x; Ä?Ä“ĹŠ 1.+"ĹŠ ,/(-%ĹŠ-.ĹŠ' ĹŠ2(".ĹŠ5(23.ĹŠ"#2"#ĹŠ04#ĹŠ$ ++¢Ŋ24ĹŠ/1#"(!!(¢-Ä“
;b iecXh[he kiWZe feh bW fh_d# Y[iW 8[Wjh_Y[ [d bW XeZW Z[b fh‡d# Y_f[ =k_bb[hce o AWj[ C_ZZb[jed \k[ l[dZ_Ze [ij[ Zec_d]e feh ')'$&&& c_bbed[i Z[ ZÂŒbWh[i [d [b i_j_e Z[ ikXWijWi feh ?dj[hd[j [8Wo$ ;b Z_i[‹e Z[ F^_b_f Jh[WYo ][d[hÂŒ dkc[heiei Yec[djWh_ei jhWi bW 8eZW H[Wb" Wb fkdje gk[ i[ WXh_ÂŒ ^WijW kdW f|]_dW [d <WY[Xeea fWhW Z[\[dZ[hbe Z[ gk_[d[i be YecfWhWXWd Yed kd fh[jp[b e kd Wi_[dje Z[ XW‹e$ BWi ]WdWdY_Wi Z[`WZWi feh [b jeYWZe Z[ bW fh_dY[iW Z[ (( W‹ei" ^_`W Z[b fh‡dY_f[ 7dZhƒi o ik [n [ifeiW" IWhW^ <[h]kiied" i[h| [djh[]W# Ze Wb \edZe Z[ DWY_ed[i Kd_ZWi fWhW bW ?d\WdY_W" Kd_Y[\" o [b ]hkfe Z[ X[d[Ă’ Y[dY_W D_‹ei [d 9h_i_i$ ;d kd Yec[djWh_e YebeYW# Ze [d bW f|]_dW Z[ bW ikXWijW" bW fh_dY[iW Z_`e [ijWh ÆWiecXhWZW feh jeZW bW Wj[dY_ÂŒd gk[ [b iec# Xh[he ^W ][d[hWZeÇ o Yec[djÂŒ gk[ [hW kdW ÆcWhWl_bbeiW efeh# jkd_ZWZ fWhW h[YWkZWh jWdje Z_d[he Yece \k[hW fei_Xb[ fWhW
+Ŋ'., 1#Ŋ04#Ŋ(-5#-3¢Ŋ #+Ŋ,(!1./1.!#2 ".1
Ĺ—ĹŠ ĹŠĹŠ:[ Y_[hjW \ehcW" J[Z >eĂľ iWblÂŒ ik fhef_W l_ZW$ ;d be
fhe\kdZe Z[b Yk[hfe Z[ [ij[ ^ecXh[ Z[ -) W‹ei Z[ [ZWZ ^Wo kd c_YhefheY[iWZeh0 kdW Z_c_dkjW YecfkjWZehW gk[ YedjhebW ik cWhYWfWiei o" [ij[" W ik l[p" ik YehWpÂŒd$ xb [ij| YediY_[dj[ Z[ [ijW Ykh_eiW Ye_dY_Z[dY_W$ ÆI[ i_[dj[ X_[dÇ" Z_Y[$ Bei c_YhefheY[iWZeh[i \k[hed _dl[djWZei feh kd h[ZkY_Ze ]hkfe Z[ l_i_edWh_ei Z_h_]_Zei feh >eĂľ [d kdW ijWhjkf Z[b I_b_Yed LWbb[o bbWcWZW ?dj[b$
(2/.2(3(5.2Ŋ,¢5(+#2Ŋ /.1Ŋ".04(#1
Ĺ—ĹŠ ĹŠĹŠBW [cfh[iW Z[ _dl[ij_]W# Y_ÂŒd Z[ c[hYWZe =Whjd[j
Zei \Wdj|ij_YWi YWh_ZWZ[iÇ$ Ŋ Ŋ 1 Ŋ+ Ŋ2#!!(¢!41(.2.Ğ+ '.1 ē!.,ē#!
c_i_ÂŒd Z[ ZWjei" l‡W kd hWoe b|i[h" WbYWdpWdZe (, j[hWX_ji feh i[]kdZe$ 7 [iW l[beY_ZWZ i[h‡W fei_Xb[ jhWdi\[h_h jeZW bW Yeb[YY_ÂŒd Z[ bW 8_Xb_ej[YW Z[b 9ed]h[ie Z[ ;;$KK$ #bW c|i ]hWdZ[ Z[b ckdZe# W jhWlƒi Z[ kd YWXb[ Z[ Ă’ XhW ÂŒfj_YW [d iebe Z_[p i[]kdZei$ ;b jhkYe Yedi_ij[ [d kj_b_pWh be gk[ i[ YedeY[ Yece ĂˆÂŒfj_YW jhWdi\ehcWZW Z[ <ekh_[hÉ fWhW Z_ij_d]k_h c|i Z[ )&& Yebeh[i Z_\[h[dj[i [d kdW hWoe b|i[h" YWZW kde YeZ_Ă’ YWZe Yed ik fhef_W YWZ[dW Z[ _d\ehcW# Y_ÂŒd$
ēŊ +Ŋ2., 1#1.Ŋ"#Ŋ+ Ŋ/1(-!#Ĺ 2 Ŋ # 31(!#Ŋ%#-#1¢Ŋ!.,#-3 1(.2Ŋ"#2"#Ŋ 24Ŋ#231#-.Ŋ#-Ŋ+ Ŋ ." Ŋ # +ē
Wi[]khÂŒ gk[ bWi l[djWi ckd# Z_Wb[i Z[ Z_ifei_j_lei cÂŒl_b[i WbYWdpWhed c|i Z[ *(- c_# bbed[i Z[ kd_ZWZ[i [d bei fh_# c[hei jh[i c[i[i Z[ (&''" kd _dYh[c[dje Z[ '/ h[if[Yje Wb W‹e Wdj[h_eh$ ÆBei j[bƒ\edei _dj[b_][dj[i h[fh[i[djWhed [b ()", Z[ bWi l[djWi" be gk[ i_]d_Ă’ YW kd Wkc[dje Z[ .+ h[if[Yje W (&'&Ç" i[‹WbÂŒ bW WdWb_ijW HeX[hjW 9eppW$ Feh \WXh_YWdj[" Dea_W i_]k[ i_[dZe bW [cfh[iW gk[ c|i j[bƒ\edei Y[bkbWh[i l[dZ[ Yed kd )&", Z[b c[hYWZe" f[he W be gk[ i_ij[cW ef[hWj_le Z[ j[bƒ\edei _dj[b_][dj[i i[ h[Ă’ [h[" 7d# Zhe_Z Zec_dW Yed [b ), $
ĉ
7 Ăĉŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
#"( -3#ũ14#" 2ũ "#ũ/1#-2 ũ#-ũ+ 2ũ /1(-!(/ +#2ũ!(4ı " "#2ũ"#+ũ/ ~2ũ2#ũ /1.,.!(.- 1;ũ#23#ũ %1 -ũ#-!4#-31.ē ;n_ij[ ckY^W [nf[YjWj_lW [djh[ bWi [cfh[iWi [nfei_jehWi o bei eh]Wd_pWZeh[i Z[ bW <[h_W Z[ D[# ]eY_ei F_[b CeZW ?dj[hdWY_edWb (&''" gk[ i[ [\[YjkWh| Z[b )& Z[ `kd_e Wb ( Z[ `kb_e [d [b 9[djhe Z[ ;nfei_Y_ed[i Gk_je$ ;b [l[dje c|i _cfehjWdj[ Z[b i[Yjeh Yk[he o YWbpWZe Z[b ;YkW#
ŋ ,# ŋ # &ŋ ) ŋüúûûŋ - ŋ*, - (. ŋ* , ŋ / ), Zeh" eh]Wd_pWZe feh bW 9|cWhW Z[ 9WbpWZe Z[ Jkd]khW^kW 97B# JK o bW 7ieY_WY_ d DWY_edWb Z[ 9khj_Zeh[i Z[b ;YkWZeh 7D9; i[h| fh[i[djWZe [d bWi fh_dY_fW# b[i Y_kZWZ[i Z[b fW i" ZkhWdj[ [b c[i Z[ `kd_e" Yece Wdj[iWbW W bW _dWk]khWY_ d Z[ bW \[h_W$ Bei Z_h[Yj_lei Z[b 9ec_j Eh# ]Wd_pWZeh e\h[Y[h|d kdW hk[ZW Z[ fh[diW [b `k[l[i ( Z[ `kd_e W bWi '&0&&" [d [b C_d_ij[h_e Z[ ?dZkijh_Wi o FheZkYj_l_ZWZ C?# FHE " kX_YWZe [d bW Wl[d_ZW ;beo 7b\Whe o 7cWpedWi$ KdW WYj_l_ZWZ i_c_bWh j[dZh| bk]Wh [b c_ hYeb[i '+ Z[ `kd_e" W bWi &/0&& [d [b WkZ_jeh_e <hWda
' ( $) ' (* '& ) %$ %)% ' - ' ! $) () # "*$!% # &' ( $) .% $ # ( !$() # !%$ ( # $)'% * ! % $ # ( ## ( %( ! %( + $ %()!$%( ) #, %$%(
t 'PSNBDJØO 6OJWFSTJUBSJB FO "ENJOJTUSBEPS B EF &NQSFTBT &DPOPNJTUB *OHFOJFSP B $PNFSDJBM *OH FO "HSPOFHPDJPT Z PUSPT BöOFT DPO MB "ENJOJTUSB DJØO Z HFTUJØO EF FNQSFTBT BTPDJBUJWBT EF USBOTGPSNBDJØO EF BMJNFOUPT t %FCFSÈ BDSFEJUBS QPS MP NFOPT USFT B×PT EF FYQFSJFODJB EF BENJOJTUSBDJØO Z HFTUJØO EF FNQSFTBT BTPDJBUJWBT EF QSPEVDDJØO Z USBOTGPSNBDJØO EF BMJNFOUPT EF QSFGFSFODJB FO MB SFHJØO BNB[ØOJDB t &YQFSJFODJB FO MB QMBOJöDBDJØO EF MB QSPEVDDJØO DPOUSPM EF QSPDFTPT QSPEVDUJ WPT DPOUSPM EF DBMJEBE Z DPNFSDJBMJ[BDJØO t &YQFSJFODJB FO NBOFKP EF DBEFOBT QSPEVDUJWBT t $BQBDJEBE QBSB PSHBOJ[BS Z TVQFSWJTBS FM USBCBKP EFM QFSTPOBM EF MB FNQSFTB BTPDJBUJWB Z EF MPT QSPDFTPT EF QSPEVDDJØO $BQBDJEBE QBSB DPPSEJOBS DPO MPT FRVJQPT UÏDOJDPT NVMUJEJTDJQMJOBSJPT JOTUJUVDJPOFT EF EFTBSSPMMP QSJWBEBT Z QÞCMJDBT Z PSHBOJ[BDJPOFT EF QFRVF×PT QSPEVDUPSFT t $BQBDJEBE QBSB NBOUFOFS QSPDFTPT EF DBQBDJUBDJØO QFSNBOFOUF QBSB USBOTGF SFODJB EF DBQBDJEBEFT B PSHBOJ[BDJPOFT EF QFRVF×PT QSPEVDUPSFT t $BQBDJEBE QBSB FMBCPSBS JOGPSNFT EF HFTUJØO Z FDPOØNJDPT t &YQFSJFODJB Z DPOPDJNJFOUP EF MBT OPSNBT Z QSPDFEJNJFOUPT QBSB MMFWBS MB DPOUBCJMJEBE EFM 1SPZFDUP Z EFM 4FSWJDJP EF 3FOUBT *OUFSOBT B öO EF TVQFSWJTBS FM USBCBKP EFM B 4FDSFUBSJP B o DPOUBEPS B t 1PTFFS MJDFODJB 4QPSUNBO t 3FTJEJS FO MB DJVEBE EF 1VZP 'JSNBS VO DPOUSBUP EF TFSWJDJPT DPO $0%&."5 Z QBHBS NFOTVBMNFOUF FM IPOPSBSJP EF 64 DPOUSB QSFTFOUBDJØO EF GBDUVSB %F FTUF WBMPS TFSÈO EFTDPOUBEPT MPT SFTQFDUJWPT EFTDVFOUPT *7" *3 $ " # # # " # $ " % $ # " ' & # # #$ # $ " # " % "" !% " "" $( " %$ # % %& & " " (
Jei_ ? _]k[p" Z[ bW 9|cWhW Z[ ?d# Zkijh_Wi Z[ 9k[dYW" kX_YWZe [d bW Wl[d_ZW <beh[dY_W 7ijkZ_bbe o 7b\edie 9ehZ[he$ BW bj_cW hk[ZW Z[ fh[diW i[ [\[YjkWh| [b (* Z[ `kd_e [d bW i[Z[ Z[b =h[c_e Z[ 7hj[iWdei FheZkYjeh[i Z[ 9WbpWZe =7# FHE97B Z[ =kWoWgk_b" kX_YWZW [d bW YWbb[ 7oWYkY^e /')" [djh[ , Z[ CWhpe o =kWhWdZW$ - ũ$#1( ũ 43_-3(!
BW <[h_W F_[b CeZW dWY_ ^WY[ (( W ei [d 7cXWje Yece kdW _d_Y_W# j_lW Z[ bW 7D9; fWhW _cfkbiWh [b i[Yjeh [cfh[iWh_Wb$ Feij[h_eh# c[dj[ i[ _dYehfeh bW 97BJK" c[Z_Wdj[ kd Yedl[d_e fWhW bb[lWh WZ[bWdj[ bW d_YW \[h_W [if[Y_Wb_pWZW [d Yk[he" YWbpW# Ze" cWhhegk_d[h W o WÒ d[i Z[b ;YkWZeh$ 7i_c_ice" WZefj [b j jkbe È?dj[hdWY_edWbÉ fehgk[ Yk[djW Yed bW Z[ijWYWZW fWhj_Y_fWY_ d Z[ [nfei_jeh[i fheY[Z[dj[i Z[ F[h " 9ebecX_W" C n_Ye" ?jW# b_W o feh ikfk[ije [b fW i Wd# Ò jh_ d$ ;d [ijW dk[lW [Z_Y_ d Yk[djW Yed [b Wkif_Y_e Z[ J[#
ēũ (#+ũ ." ũ -3#1- !(.- +ũĉććĈĈĔũ#2ũ+ ũ5(31(- ũ"#+ũ!4#1.ũ8ũ#+ũ! +9 ".ũ - !(.- +ē
d[h W IWd @ei 9 W$ BjZW$" J[i[e B Z[h J[Ydeb ]_Ye [d bei I_ij[# cWi Z[ 9ehj[ 7kjec|j_Ye" 8WdYe FheYh[Z_j Z[b ;YkWZeh o FbWij_#
YWkY^e ?dZkijh_Wb$ 7Z[c|i Z[b _cfehjWdj[ Wfeoe Z[b =eX_[hde Fhel_dY_Wb Z[ Jkd]khW^kW" :_W# h_e BW >ehW o 9WbpWZe =Wcei$
;d kdW f[gk[ W f[he [cej_# lW _dj[hl[dY_ d" @kb_W H[YWbZ[" X[d[\_Y_Wh_W Z[b fhe]hWcW C_ Fh_c[h ;cfb[e" h[YWbY bW _c# fehjWdY_W Z[ ZWh \k[hpW Wb i[Yjeh fhe\[i_edWb gk[ h[Y_ d j[hc_dW Z[ [ijkZ_Wh o d[Y[i_jW jhWXW`Wh$ Æ=hWY_Wi W [ij[ fheo[Yje fk#
Z_cei j[d[h dk[ijhWi fh_c[hWi [nf[h_[dY_Wi bWXehWb[i Yed kdW h[ckd[hWY_ d `kijWÇ" h[YWbY bW fhe\[i_edWb$ ;d i[]kdZW _dijWdY_W _dj[hl_# de H_Y^WhZ ;if_depW" c_d_ijhe Z[ H[bWY_ed[i BWXehWb[i" gk_[d ^_pe d\Wi_i [d [b jhWXW`e h[Wb_pW# Ze feh [ij[ c_d_ij[h_e [d jeZe [b fW i$ Æ?dWk]khWcei [ijW Z[f[d# Z[dY_W" gk[ [i bW d c[he '' [d [b fW i$ 9ed [ijW dk[lW _d# \hW[ijhkYjkhW o j[Ydebe] W WY# jkWb_pWZW i[ feZh| Xh_dZWh kd c[`eh i[hl_Y_e W bei jhWXW`WZe# h[iÇ" WÒ hc ;if_depW$ 7Z[c|i" i[ _dl_j W bW Y_k# ZWZWd W W l_i_jWh bWi ceZ[hdWi _dijWbWY_ed[i" [d bWi YkWb[i ^Wo ckY^e c|i [ifWY_e \ i_# Ye ZedZ[ bei kikWh_ei fk[Z[d h[Wb_pWh Yed YeceZ_ZWZ iki jh|c_j[i$
/ 0 -ŋ)ðŋ #( -ŋ (ŋ ' .)ŋ * , ŋ #, # (ŋ ŋ , $)
;d bW YWbb[ + Z[ @kd_e o Wl[d_# ZW 9[lWbbei i[ _dWk]khWhed bWi dk[lWi _dijWbWY_ed[i Z[ bW :_h[Y# Y_ d Fhel_dY_Wb Z[b C_d_ij[h_e Z[ H[bWY_ed[i BWXehWb[i [d 7cXW# je" bk]Wh Wb YkWb WYkZ_[hed Wkje# h_ZWZ[i Z[ bW Y_kZWZ" fhel_dY_W o [b fW i$
>L<N>E: => ?HKF:<BHG => LHE=:=HL
O>G<>=HK>L =>E <>G>I:
! " #
, đŏ ŏ ŏ đ
ŏ ŏ ŏđ ŏ ŏ §
$ -" &$ ( '
¡ ēũ 4+( ũ #! +"#Ĕũ #-#ăũ!( 1( ũ"#+ũ/1.%1 , ũ (ũ 1(,ı #1ũ ,/+#.Ĕũ %1 "#!(¢ũ+ ũ%#23(¢-ũ"#ũ #23 ũ! 13#1 ũ"#ũ 23 ".ē
+ " "(# )! "# & -" * ! ' (#& '%) !
(1#ũ242ũ$.3.2ũ#-Ė 666ē+ '.1 ē!.,ē#!
7 Ăĉŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
Ċ
- ũ,4#231 ũ "#ũ !4 1#+ 2 &ŋ, )() # )ŋ ,.#-. ŋ ' . )ŋ , (%&#(ŋ && -. Ě ,)-ŋ,  ŋ/( ŋ 2*)-# # (ŋ ŋ-/-ŋ., $)-ŋ (ŋ / Ě , & -Ąŋ ŋ#( /!/, # (ŋ- ŋ,  ŋ (ŋ*, - ( # ŋ ŋ /.),# -ŋ3ŋ ðŋ #)( )-ŋ &ŋ / (ŋ ,. Ąŋ ŋ - ,,)Ě && ŋ (ŋ& ŋ - ŋ ŋ& ŋ /&./, ŋ ŋ /(!/, "/ Ąŋ
41 ũ .-9;+#2ũ"#ũ ++#23#1.2Ĕũ #1-;-ũ ."1~%4#9ũ 23#+.ũ8ũ 1 -*+(-ũ ++#23#1.2ũ2#ũ2(-3(#1.-ũ,48ũ#,.!(.- ".2ēũ
.1%#ũ 1 Ĕũ 1#""8ũ ."1~%4#9ũ8ũ 4(2ũ 1% 2ũ$#+(!(3 1.-ũ +ũ 13(23 ũ/.1ũ24ũ! +(" "ũ"#ũ31 ).2ēũ
( - ũ ++#23#1.2Ĕũ .+#" "ũ ++#23#1.2Ĕũ Ì+ũ #"1. ;-ũ8ũ ( - ũ ++#23#1.2Ĕũ$ ,(+( ũ"#+ũ 13(23 ũ04#ũ+.ũ !.,/ ¢ũ#-ũ+ ũ#7/.2(!(¢-ēũ
- ũ 1 Ĕũ (,#ũ 1 Ĕũ -(+.ũ 1 Ĕũ 1!.ũ #1-;-"#9ũ8ũ "4 1".ũ (2-#1.2ũ "()#1.-ũ04#ũ#+ũ 13#ũ#2ũ"#ũ,48ũ 4#- ũ! +(" "ēũ
"% 1ũ 23#++ -.2ũ # +ũ#ũ %- !(.ũ 1% 2ũ-.ũ/4"(#1.-ũ$ +3 1ũ#-ũ#23#ũ #5#-3.ēũ
4(2ũ ,.1.2.Ĕũ (+( - ũ"#ũ (!.+ ũ8ũ #1 1".ũ (!.+ ũ /1#!( 1.-ũ+ 2ũ . 1 2ũ"#ũ 13#ũ"#ũ 1 -*+(-ũ ++#23#1.2ēũ
-!8ũ 1% 2Ĕũ (+5( ũ , !'.ũ8ũ 1(.ũ , !'.ũ 2(23(#1.-ũ!.-ũ#-342( 2,.ũ ũ + ũ/1#2#-3 !(¢-ũ"#ũ#23 ũ,4#231 ēũ ()*&-
āĀ
7 Ăĉŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
#+(9ũ!4,/+# .2
06(ŋ .,# #)ŋ # )ŋ /'*&# ŋ/(ŋ )ŋ ŋ,#-/ ŋ 2#-. ( # ąŋ*),ŋ &&)ŋ-/-ŋ '#&# , -ŋ3ŋ '#!)-ŋ )'* ,.# ,)(ŋ/( ŋ&#( ŋðŋ -. ŋ (ŋ &ŋ ,+/ ŋ 6!# )ŋ -#-ąŋ- .),ŋ ŋ 4 ' Ą
+ũ!4,/+# #1.ũĸ!Ĺũ)4-3.ũ ũ ."1(%.ũ 1 -).Ĕũ (+(ũ 1(!'#11(ũ8ũ Ì+ũ / 3 ũ!#+# 1¢ũ24ũ/1(,#1ũ!4,/+# .2ēũ
"% 1ũ . 8.Ĕũ .+.ũ . 8.Ĕũ 81 ũ , . Ĕũ - ũ #+_-ũ 15 ) +ũ8ũ .!~.ũ"#ũ . 8.Ĕũ/ 2 1.-ũ 4#-.2ũ,.,#-3.2ē
+ũ!4,/+# #1.ũĸ!Ĺũ)4-3.ũ ũ242ũ$ ,(+( 1#2ũ#ũ(-5(3 ".2ũ#2/#!( +#2ēũ
ƒ Ä
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
7 Ĺ?ĂĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
-'#&#. ,#4 #š( Ĺ‹ ,)(. , Ĺ‹ (Ĺ‹ & -* ")Ĺ‹*, -# ( # &Ĺ‹ ;b c_d_ijhe Z[ :[\[diW" @Wl_[h FedY[" WdkdY_ÂŒ gk[ [b ;`[Ykj_le Yedi_Z[hW l_WXb[ bW fhefk[ijW Z[b fh[i_Z[dj[ f[hkWde 7bWd =WhY‡W ieXh[ Z[ic_b_jWh_pWh bW \hedj[hW ikh$ Æ;b =eX_[hde [ij| [ijkZ_Wd# Ze [b j[cW" gk[ [i Yecfb[`e" f[he [i kd fWie cko _cfehjWdj[ [d [b cWhYe Z[ \ehjWb[Y_c_[dje Z[ bW fWp" [d [b gk[ [ij| [cf[‹WZe bW Kd_ÂŒd Z[ DWY_ed[i IkhWc[h_YW# dWi KdWikh Ç" [d\Wj_pÂŒ$ =WhY‡W" gk_[d [ijkle Z[ l_# i_jW [d ;YkWZeh ^WY[ kdW i[# cWdW" [d ik Z_iYkhie fhefkie ÆfWhW IkhWcƒh_YW kd |h[W Z[ fWp" ZedZ[ de fh_c[ bW Z[iYed# Ă’WdpW" d_ _cf[h[ bWi WhcWi" bWi \hedj[hWi i[ Z[X[d Z[iWhcWh fhe]h[i_lWc[dj[$ De j[dZh‡W d_d]kdW bÂŒ]_YW ^WX[h WlWdpWZe jWdje" i_d ZWh Wb c_ice j_[cfe kd fWie Z[ h[ZkYY_ÂŒd Z[ bWi Wh# cWi" fk[ije gk[ [ijWi ied [b h[# Yk[hZe Z[ l_[`Wi h[dY_bbWiÇ$ FedY[" feh ik fWhj[" [nfb_YÂŒ gk[ [ij[ fbWdj[Wc_[dje de _cfb_# YW kdW Wki[dY_W jejWb Z[ kd_\eh# cWZei [d bW \hedj[hW" i_de c|i X_[d ÆkdW h[kX_YWY_ÂŒd Z[b f[hie# dWb" Z[ h[j_hWh kd feYe bei Z[ijW# YWc[djei [d bW b‡d[W Z[ \hedj[hW fWhW Yh[Wh kd [ifWY_e Z[ fWp$ BW _Z[W [i fheleYWh _dj[hYWcX_ei Z[ WYY_ed[i Y‡l_YWi" Yece [b fheo[Y# je Z[ FkoWd]e # J‘cX[p gk[ [i X_dWY_edWbÇ" fh[Y_iÂŒ$ +(" "ĹŠ/1(,#1.ĹŠ
FWhW [b b[]_ibWZeh FWYe CedYWoe o ][d[hWb h[j_hWZe Z[b ;`ƒhY_je" [d bW Z[ic_b_jWh_pWY_ÂŒd Z[X[h‡W j[d[h kd i[dj_Ze c|i YkWb_jWj_le gk[ YkWdj_jWj_le" [i Z[Y_h" Æde Z[# X[h‡W Yedi_Z[hWhi[ W bei c_b_jWh[i f[hkWdei Yece [d[c_]ei o l_Y[# l[hiW$ ;ijW Z[X[h‡W [d\eYWhi[ [d [b fbWde Z[ bW YedY_[dY_W" Z[ bW
2Ŋ 4#19 2Ŋ 1, " 2Ŋ #!4 3.1( Ĺ - 2Ŋ8Ŋ/#14 - 2Ŋ "# #-Ŋ '.1 Ŋ 31 ) 1Ŋ!.-)4-3 ,#-3#Ŋ / 1 Ŋ#5(3 1Ŋ#-Ŋ+ Ŋ$1.-3#1 Ŋ + Ŋ/1#2#-!( Ŋ"#+Ŋ!1(,#-Ŋ .1% -(9 ".Ŋ8Ŋ/1.3#%#1ŊŊ+ Ŋ /. + !(¢-Ŋ"#Ŋ#2 2Ŋ9.- 2Ģē Ŋ Ĕ
ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ
YedZkYjW" Z[ bWi h[bWY_ed[i" de [d [b WXWdZede Z[ bW \hedj[hWÇ$ CedYWoe h[YehZÂŒ gk[ [d [iei [ifWY_ei ^Wo Wc[dWpWi" ieXh[ jeZe Z[b Yh_c[d eh]Wd_pWZe o [b dWhYejh|Ă’Ye gk[ _d]h[iW W ;YkW# Zeh$ 7Z[c|i" ik]_h_ÂŒ gk[ Yed fh[i[dY_W c_b_jWh" WcXei fW‡i[i fk[Z[d ef[hWj_lei YeehZ_dWZei \h[dj[ W bW fh[i[dY_W Z[ [b[c[d# jei l_eb[djei$ Æ;ijWcei [d ejhW [hW" feh [dZ[ bW c_b_jWh_pWY_ÂŒd j_[d[ gk[ i[h Z[ Z_ij_djW dWjkhW# b[pWÇ" _dZ_YÂŒ$ Feh ik fWhj[" [b [nYWdY_bb[h CWkh_Y_e =|dZWhW W]h[]ÂŒ gk[ [ijW _d_Y_Wj_lW de fk[Z[ _cfb[# c[djWhi[ Z[ bW deY^[ W bW cW# ‹WdW$ Æ;i kd _Z[Wb [b gk[h[h j[# d[h kdW \hedj[hW i_d h[i]kWhZe c_b_jWh o gk[ bWi \hedj[hWi i[Wd iebe Yedi_Z[hWZWi Yece h[\[# h[dY_W ][e]h|Ă’YWÇ" Z_`e$ I_d [c# XhW]e" Yh[[ gk[ bW fhefk[ijW de feZh‡W YedYh[jWhi[ c_[djhWi de ^WoW kdW _dj[]hWY_ÂŒd jejWb$ Æ;i kdW Yk[ij_ÂŒd fhe]h[i_lW" [i kd _Z[Wb Wb YkWb fkZ_[hed bb[]Wh [d ;khefW Yed bW Kd_ÂŒd ;khef[W " fehgk[ i[ _dj[]hWhed [d kdW iebW kd_ZWZ [YedÂŒc_YW" feb‡j_YW" Wbb‡ oW de [ij|d WfeijWZei bei [`ƒhY_# jei \hWdY[i[i YedjhW bei Wb[cW# d[iÇ" [nfb_YÂŒ$
Ä“ĹŠ -ĹŠ%14/.ĹŠ"#ĹŠ2.+" ".2ĹŠ#!4 3.1( -.2ĹŠ"41 -3#ĹŠ4-ĹŠ/ 314++ )#ĹŠ"#ĹŠ $1.-3#1 Ä“ĹŠĹŠ
, !/(. -ŋ-) , ŋ& ŋŋ Ē '#&# ēŋ ŋ ! (. } ēŊ +Ŋ. )#3(5.Ŋ"#+Ŋ . (#1-.ĔŊ!1(3(! ".Ŋ/.1Ŋ,4!'.2ĔŊ#2Ŋ1#3(1 1Ŋ Ŋ+.2Ŋ, +.2Ŋ4-($.1, ".2ēŊŊ
2ĹŠ#5 +4 !(.-#2ĹŠ/2(!.+¢%(! 2ĹŠ#-ĹŠ+ ĹŠ ĹŠ .1" -ĹŠ+ ĹŠ5(" ĹŠ$ ,(+( 1ĹŠ8ĹŠ+ .1 +Ä“ĹŠ 2ĹŠ #+ĹŠ/ 2.ĹŠ/1#5(.ĹŠ +ĹŠ/.+~%1 $.Ä“ĹŠ FWhW bW fh_c[hW ^ehW Z[ [ij[ bkd[i [b c_d_ijhe Z[b ?dj[h_eh" @eiƒ I[hhWde" [if[hW [dYedjhWh ieXh[ ik [iYh_jeh_e kd _d\ehc[ Z[jWbbWZe Z[ bei h[ikbjWZei eX# j[d_Zei [d bW fh_c[hW hedZW Z[ fhk[XWi Z[ feb‡]hW\e W bW gk[ i[ iec[j_[hed Wfhen_cWZWc[dj[ )&& W][dj[i Z[ bW Feb_Y‡W @kZ_# Y_Wb Z[ F_Y^_dY^W F@#F $ 7 I[hhWde o W bW Y‘fkbW Z[ bW _dij_jkY_ÂŒd kd_\ehcWZW b[i [i# f[hW kd Wd|b_i_i c_dkY_eie Z[b c[dY_edWZe _d\ehc[" W feYei Z‡Wi gk[ [b fh[i_Z[dj[ HW\W[b 9ehh[W WZl_hj_[hW Yed h[kX_YWh W bei gk[ de fWi[d [ijW fhk[# XW" YedeY_ZW Yece ÆZ[j[Yjeh Z[ c[dj_hWiÇ$ C_[djhWi jWdje" Wo[h ZeY[dWi Z[ feb_Y‡Wi ^_Y_[hed kdW fWkiW Z[ Wfhen_cWZWc[dj[ Zei ^ehWi W iki bWXeh[i Z_Wh_Wi e Z‡W Z[ Wik[je fWhW Wi_ij_h Wb HWdY^e IWd L_Y[dj[" [d [b dehj[ Z[ bW
YWf_jW" o h[dZ_h Z[ \ehcW lebkd# jWh_W kdW fhk[XW fi_YebŒ]_YW$
ĹŠ/14# ĹŠ
Kd eĂ’Y_Wb Z[ >ec_Y_Z_ei Z[ bW F@#F" gk[ f_Z_ÂŒ fhej[YY_ÂŒd Z[ ik _Z[dj_ZWZ fWhW [l_jWh iWdY_ed[i feh ^WXbWh Yed bW fh[diW" ieijk# le gk[ Wdj[i Z[ _d_Y_Wh bW [lW# bkWY_ÂŒd" h[ifediWXb[i Z[ [ij[ fheY[ie h[YehZWhed _di_ij[dj[# c[dj[ [b YWh|Yj[h Z[ lebkdjWh_e Z[ [ijW [lWbkWY_ÂŒd" Yece fWie fh[l_e W bW Wfb_YWY_ÂŒd fhef_W# c[dj[ Z_Y^W Z[b feb‡]hW\e$ ;b kd_\ehcWZe Z[ijWYÂŒ gk[ Wdj[i o Z[ifkƒi Z[b [nWc[d" _cf[hÂŒ kd WcX_[dj[ Z[ ÆZ_i# j[di_ÂŒdÇ o Z[ YWcWhWZ[h‡W [djh[ iki YecfW‹[hei Z[ Ă’bW$ 7Z[c|i _dZ_YÂŒ gk[ [b [nWc[d Yedi_ij_ÂŒ [d h[ifedZ[h kd Yk[i# j_edWh_e Z[ '&& fh[]kdjWi Z_l_# Z_ZWi [d jh[i ]hkfei$ ;d [b fh_c[he Z[ [bbWi i[ _d#
13 ĹŠ"#+ĹŠ (2! +ĹŠ ĹŠ $ #+ĹŠ .11# ĹŠ ĹŠĹŠĹŠ +ĹŠÄƒ2! +ĹŠ 2'(-%3.-ĹŠ #2;-3#9ĹŠ2#ĹŠ' ĹŠ!.-5#13(".ĹŠ#-ĹŠ#+ĹŠ/1(-!(/ +ĹŠ!1~3(!.ĹŠ"#+ĹŠ42.ĹŠ Ĺ—"#+ĹŠ/.+~%1 $.ĹŠ8ĹŠ#+ĹŠ/1#2("#-3#ĹŠ $ #+ĹŠ .11# ĹŠ8 ĹŠ+#ĹŠ!.-3#23¢Ŋ1#!.1";-".+#ĹŠ04#ĹŠ#2ĹŠ_+ĹŠ
j[djWXW eXj[d[h Z[ cWd[hW ][# d[hWb h[ifk[ijWi ieXh[ Wif[Yjei \Wc_b_Wh[i$ ;d [b i[]kdZe o [b j[hY[h ]hkfei bei Yk[ij_edW# c_[djei i[ h[bWY_edWXWd ieXh[ bW fi_Yebe]‡W f[hiedWb o h[Wb_# ZWZ[i Z[b ckdZe bWXehWb Z[ bei kd_\ehcWZei$ ÆH[Y_ƒd Z_cei bWi fhk[XWi fi_YebÂŒ]_YWi" fWh[Y[ gk[ c|i Z[b -& bW h_dZ_ÂŒĂ‡" _dZ_YÂŒ [b kd_\ehcWZe bk[]e Z[ Wi[l[hWh gk[ Æ[d bei fhÂŒn_cei Z‡Wi dei ZWh|d _dijhkYY_ed[i ieXh[ [b feb‡]hW\eÇ$ ÆDei fh[]kdjWhed" feh [`[cfbe" i_ dei ^[cei i[dj_Zei [d\[hcei" i_ ^[cei j[d_Ze fhe# Xb[cWi Z[ f[iWh[i fi_YebÂŒ]_Yei" i_cfb[c[dj[ fWhW YedeY[h W bW ][dj[ o fWhW gk[ [b fi_YÂŒbe]e l[W i_ ^Wo [ijhƒi [d [b f[hie# dWbÇ" ieijkle$ BW fh[]kdjW lebkdjWh_W Æc|i Z_\‡Y_bÇ" i_d [cXWh]e" _dZW]WXW i_ [b W][dj[ YedikbjWZe i[ iec[# j[h‡W W h[Wb_pWhi[ e de bW fhk[XW Z[b feb‡]hW\e$ ;d YWie WĂ’hcWj_# le" [b i_]k_[dj[ fWie [hW Ă’hcWh kd \ehcWje [bWXehWZe fWhW [ij[ fhefÂŒi_je$
04(#-ĹŠ, -" ĹŠ#-ĹŠ+ ĹŠ .+(!~ Ä“ĹŠ #2;-3#9ĹŠ#7/42.ĹŠ ĹŠ .11# ĹŠÄˆÄŒĹŠ1 9.-#2ĹŠ/.1ĹŠ+ 2ĹŠ!4 +#2ĹŠ 42! ĹŠ"#,.231 1ĹŠ04#ĔŊ +#% +ĹŠ8ĹŠ!.-23(34!(.- +,#-3#ĔŊ-.ĹŠ! #ĹŠ+ ĹŠ /+(! !(¢-ĹŠ"#+ĹŠ/.+~%1 $.ĹŠ.ĹŠ"#3#!3.1ĹŠ"#ĹŠ ,#-3(1 2ĹŠ ĹŠ+.2ĹŠ/.+(!~ 2ĹŠ)4"(!( +#2ĔŊ8ĹŠ04#ĹŠ#+ĹŠ,#).1 ,(#-3.ĹŠ"#ĹŠ+ ĹŠ(-5#23(% !(¢-ĹŠ2.+.ĹŠ 2#ĹŠ!.-2#%4(1;ĹŠ!.-ĹŠ+ ĹŠ$.1, !(¢-ĹŠ3_!-(! Äą!(#-3~ă! ĹŠ"#ĹŠ#23#ĹŠ!4#1/.ĔŊ ĹŠ,;2ĹŠ"#+ĹŠ #04(/ ,(#-3.ĹŠ#ĹŠ(-$1 #2314!341 ĹŠ-#!#2 1( 2Ä“ -31#ĹŠ+ 2ĹŠ. 2#15 !(.-#2ĹŠ#7/4#23 2ĹŠ#-ĹŠ+ ĹŠ,(2(5 ĔŊ#+ĹŠ (2! +ĹŠ!(3 ĹŠ04#ĹŠ+ ĹŠ .-2Äą 3(34!(¢-ĹŠ1#!.-.!#ĹŠ8ĹŠ% 1 -3(9 ĹŠ ĹŠ3." 2ĹŠ+ 2ĹŠ/#12.- 2ĹŠ#+ĹŠ"#1#!'.ĹŠ +ĹŠ'.-.1ĔŊ +ĹŠ 4#-ĹŠ -., 1#ĔŊ ĹŠ+ ĹŠ(-3(,(" "ĹŠ/#12.- +ĹŠ8ĹŠ$ ,(+( 1Ä“ , (_-ĹŠ,#-!(.- ĹŠ+ ĹŠ #!+ 1 !(¢-ĹŠ -(5#12 +ĹŠ"#ĹŠ #1#!'.2ĹŠ 4, -.2ĔŊ#-ĹŠ+ ĹŠ 04#ĹŠ2#ĹŠ#23 +#!#ĹŠ04#ĹŠ- "(#ĹŠ2#1;ĹŠ. )#3.ĹŠ"#ĹŠ(-)#1#-!( 2ĹŠ 1 (31 1( 2ĹŠ#-ĹŠ24ĹŠ5(" ĹŠ/1(5 Äą " ĔŊ24ĹŠ$ ,(+( ĔŊ24ĹŠ".,(!(+(.ĹŠ.ĹŠ24ĹŠ!.11#2/.-"#-!( ĔŊ-(ĹŠ"#ĹŠ 3 04#2ĹŠ ĹŠ24ĹŠ'.-1 ĹŠ.ĹŠ ĹŠ24ĹŠ 1#/43 !(¢-Ä“ĹŠ +ĹŠ (2! +ĹŠ /4-3¢Ŋ04#ĹŠ3." ĹŠ/#12.- ĹŠ3(#-#ĹŠ"#1#!'.ĹŠ ĹŠ+ ĹŠ/1.3#!!(¢-ĹŠ"#ĹŠ+ ĹŠ+#8ĹŠ!.-31 ĹŠ3 +#2ĹŠ(-)#1#-!( 2ĹŠ.ĹŠ 3 04#2Ä“ #2;-3#9ĹŠ!(3 ĹŠ 13~!4+.2ĹŠ"#+ĹŠ !3.ĹŠ -3#1- !(.- +ĹŠ"#ĹŠ #1#!'.2ĹŠ (5(+#2ĹŠ8ĹŠ .+~3(!.2ĔŊ8ĹŠ"#ĹŠ+ ĹŠ .-5#-!(¢-ĹŠ ,#1(! - ĹŠ"#ĹŠ #1#Äą !'.2ĹŠ 4, -.2ĔŊ#-ĹŠ+.2ĹŠ04#ĹŠ2#ĹŠ% 1 -3(9 ĹŠ04#ĹŠ- "(#ĹŠ2#1;ĹŠ. )#3.ĹŠ"#ĹŠ(-)#1#-!( 2ĹŠ 1 (31 1( 2ĹŠ.ĹŠ(+#% +#2ĹŠ#-ĹŠ24ĹŠ5(" ĹŠ/1(5 " Ä“ %1#% ĹŠ04#ĹŠ"#2"#ĹŠ#+ĹŠ/4-3.ĹŠ"#ĹŠ5(23 ĹŠ"#+ĹŠ"#1#!'.ĹŠ/#- +ĔŊ#+ĹŠ/.+~%1 $.ĹŠ!.,.ĹŠ,_3.".ĹŠ/1. 3.1(.ĹŠ#2ĹŠ!.,/+#3 ,#-3#ĹŠĹŠ (- !#/3 +#ĔŊ/.104#ĹŠ1#24+3 ĹŠ!.-31 1(.ĹŠ +ĹŠ/1(-!(/(.ĹŠ"#ĹŠ04#ĹŠ- "(#ĹŠ#23;ĹŠ. +(% ".ĹŠ ĹŠ!.-$#2 1ĹŠ!.-31 ĹŠ2~ĹŠ,(2,.ĹŠ8ĹŠ ĹŠ2./.13 1ĹŠ 31 3.2ĹŠ"#%1 " -3#2ĔŊ!.-31 1(.2ĹŠ ĹŠ+ ĹŠ"(%-(" "ĹŠ'4, - Ä“ĹŠ .-!+48#ĹŠ04#ĹŠ+ ĹŠ43(+(9 !(¢-ĹŠ"#ĹŠ#23#ĹŠ,#! -(2,.ĹŠÄĄ/1. 3.1(.ĢŊ-.ĹŠ2#ĹŠ#-!4#-31 ĹŠ+#%(3(, " ĹŠ!.,.ĹŠ,#"(.ĹŠ"#ĹŠ/14# ĹŠ#-ĹŠ+ ĹŠ +#%(2+ !(¢-ĹŠ#!4 3.1( - ĔŊ!.,.ĹŠ3 ,/.!.ĹŠ#-ĹŠ.31 2ĹŠ+#%(2+ !(.-#2Ä“
ƒ Ă
7 Ĺ? ĂĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
/341 -ĹŠ ĹŠ$ +2.2ĹŠĹŠ(-2/#!3.1#2ĹŠ"#ĹŠ2 +4"
Ŋ ŊěŊŊŊ , -ŋ(/ 0)-ŋ &-)-ŋ#(-* .), -ŋ ŋ &/ ŋ / ,)(ŋ . (# )-ŋ / ( )ŋ-),*, ( v (ŋ ŋ&)-ŋ '#(#-., ), -ŋ ŋ/(ŋ"). &ŋ &ŋ-/,ŋ ŋ & ŋ #/ Ąŋ )(ŋ -. -ŋ *./, -ŋ-/' (ŋ) ")ŋ& -ŋ* ,-)( -ŋ+/ ŋ- ŋ" (ŋ ., * )ŋ*),ŋ # ,- ŋ ŋ )' . ,ŋ -.)-ŋ#&v #.)-ŋ (ŋ& ŋ #/ ŋ3ŋ (ŋ& ŋ*,)Ě 0#( # ŋ &ŋ / 3 -Ąŋ )- ,#)ŋ (.)-ąŋ #, .), ŋ ŋ &/ ŋ (ŋ / 3 -ąŋ ),' šŋ& -ŋ (/( # -ŋ&/ !)ŋ+/ ŋ&)-ŋ '#(#-., ), -ŋ &ŋ"). &ŋ )-ŋ &' ( ,)-ąŋ- ŋ( ! ,)(ŋ ŋ*, - (. ,ŋ ,!)-ŋ )(., ŋ+/# ( -ŋ&)-ŋ -. (ŋ., . ( )ŋ ŋ -. ,Ą ŋ - / ,#šŋ+/ ŋ&)-ŋ-/$ .)-ŋ*),. (ŋ ) /' (.)-ŋ-/*/ -. ' (. ŋ )-ŋ*),ŋ &ŋ #(#-. ,#)ŋ ŋ &/ ąŋŋ&)ŋ / &ŋ &ŋ0 ,#ð ,&)-ŋ- ŋ )'*,) šŋ +/ ŋ , (ŋ &-#ð )-Ą
( # ()-Ĺ‹- Ĺ‹ /' (Ĺ‹ Ĺ‹., -Ĺ‹ Ĺ‹- #-Ĺ‹ #! ,,#&&)-Ĺ‹ # ,#)-
>W fWiWZe ,' W‹ei Z[ ik l_ZW \k# cWdZe o Z_Y[ gk[ [i[ [i [b ‘d_Ye l_Y_e gk[ de Z[`Wh|$ 9Whbei ;d# # +(" "ĹŠ"#+ĹŠ3 !. ZWhW" Z[ -. W‹ei" Yedikc[ kdW .-24,.ĹŠ/.1ĹŠ#" " YW`[j_bbW Z_Wh_W Z[ Y_]Whh_bbei$ ÆBW Zei_i oW bW XW`ƒ" Wdj[i Yedikc‡W ĹŠÄŒĹ˜ĹŠ"#ĹŠ+.2ĹŠ,4)#1#2ĹŠ"#ĹŠÄ?ćŊ ĹŠÄ?ÄŒĹŠ  .2ĹŠ ^WijW Zei YW`[j_bbWi" f[he Yece Ĺ—$4, -ĔŊ+ ĹŠ!($1 ĹŠ"(2,(-48#ĹŠ +ĹŠÄ‰Ä“ÄŒĹ˜ĹŠ#-31#ĹŠ+ 2ĹŠ Yed bW [ZWZ bb[]Wd jeZWi bWi [d# ,4)#1#2ĹŠ"#ĹŠÄ?ÄŽĹŠ ĹŠÄ?ÄŒĹŠ  .2ĹŠ8ĹŠ#+ĹŠ/.1!#-3 )#ĹŠ"#ĹŠ 04(#-#2ĹŠ2. 1#/ 2 -ĹŠ+.2ĹŠÄ?ÄŽĹŠ  .2ĹŠ2#ĹŠ1#"4!#ĹŠ \[hc[ZWZ[i" i_[dje gk[ c[ \WbjW +ĹŠÄˆÄ“Ä?Ĺ˜Ä“ [b W_h[ YWZW l[p gk[ ikXe bW Yk[i# jW Z[ c_ YWiWÇ" Yec[djÂŒ [b ^ec# ĹŠÄ‰Ä‰Ä“Ä‰Ĺ˜ĹŠ"#ĹŠ+.2ĹŠ'., 1#2ĹŠ"#ĹŠÄ?ćŊ ĹŠÄ?ÄŒĹŠ  .2ĹŠ Ĺ—$4, -ĔŊ#+ŊĉćēÄ?Ĺ˜ĹŠ"#ĹŠ+.2ĹŠ04#ĹŠ3(#-#-ĹŠ"#ĹŠÄ?ÄŽĹŠ Xh[ gk[ l_l[ [d [b XWhh_e Z[ IWd ĹŠÄ?ÄŒĹŠ!.-24,#-ĹŠ8ĹŠ+.2ĹŠ, 8.1#2ĹŠ"#ĹŠÄ?ÄŽĹŠ  .2ĹŠ @kWd" [d [b Y[djhe Z[ Gk_je$ #-ĹŠ4-ĹŠÄˆÄŒÄ“Ä?Ĺ˜Ä“ĹŠ ;ZkWhZe CWdj_bbW [i Wc_]e Z[ ;dZWhW$ ;bbei" `kdje W ejhei YecfW‹[hei Z[ bW j[hY[hW [ZWZ" Z_e [d bW gk[ bei WZkbjei cWoeh[i i[ h[‘d[d bWi jWhZ[i [d bW FbWpW _d_Y_Whed ik fh|Yj_YW Z[ \kcWh \k[ =hWdZ[ fWhW ÆYedjWhi[ bWi jh_i# Wbh[Z[Zeh Z[ (' W‹ei$ ÆOe [cf[Yƒ j[pWiÇ$ CWdj_bbW jWcX_ƒd \kcW" YkWdZe [ijWXW febb_je" '- W‹ei$ ;hW f[he be ^WY[ [d c[deh YWdj_ZWZ$ [iW del[b[h‡W Z[ Yh[[h gk[ Yece Æ;d bW jWhZ[ c[ f[]e kdei jh[i \kcWXWi" bWi ]kWcXhWi j[ l[‡Wd c|i ^ecXh[Ç" h[Yk[hZW e YkWjhe jWXWgk_jei$ :[iZ[ ;dZWhW$ gk[ c[ Z[j[YjWhed Whh_j# ĹŠ c_W YWhZ‡WYW XW`ƒ bW Ze# (#2%.2 i_i" c_ ck`[h Z_Y[ gk[ oW c_ice c[ ^[ Z[ ceh_h feh +ĹŠ, 13#2ĹŠ2#ĹŠ ;b WZkbje cWoeh [i c|i !#+# 1 ĹŠ#+ĹŠ ~ ĹŠ de ^WY[hb[ YWie Wb ZeYjeh" 4-"( +ĹŠ2(-ĹŠ fhef[die W YedjhW[h Y|d# !.Ä“ f[he Z[ l_[`e oW [i _cfe# Y[h Wb fkbcÂŒd" Xhedgk_j_i YhÂŒd_YW" YWhZ_efWj‡W _i# i_Xb[ gk_jWhi[ kd ^|X_jeÇ" [nfh[iW$ gkƒc_YW e [d\[hc[ZWZ[i YWhZ_e# :[ WYk[hZe W bW [dYk[ijW IW# lWiYkbWh[i" [nfb_YÂŒ [b YWhZ_ÂŒbe]e bkZ" 8_[d[ijWh o ;dl[`[Y_c_[d# 9ƒiWh 7bjWc_hWde$ Æ9ed [b fWie je ;YkWZeh (&'& I78; ? " bei Z[ bei W‹ei feh [b Yedikce Z[ WZkbjei cWoeh[i" [if[Y_Wbc[dj[ Y_]Whh_bbe i[ f_[hZ[ bW Z[di_ZWZ ^ecXh[i" \kcWd Z[ jh[i W i[_i ÂŒi[W" be gk[ Wkc[djW [b h_[i]e Y_]Whh_bbei Z_Wh_ei$ ;b _d\ehc[ Z[ eij[efehei_i" kdW W\[YY_ÂŒd jWcX_ƒd h[l[bÂŒ gk[ [d bW 9eijW gk[ ^WY[ gk[ bWi f[hiedWi cW# khXWdW i[ fh[i[djW [b fhec[Z_e oeh[i i[ [dYehl[d o iki ^k[iei c|i Wbje0 ') feh Z‡W$ i[ gk_[Xh[d c|i \|Y_bc[dj[Ç" I[]‘d I78; ?" bW [ZWZ fhec[# Yec[djÂŒ$
(/( # (Ĺ‹ &.)-Ĺ‹ -) , *, #)-Ĺ‹ (Ĺ‹ ' # ' (.)-Ĺ‹ Ä“ĹŠ +ĹŠ (-(23#1(.ĹŠ-.ĹŠ3#-"1~ ĔŊ2#%ĂŒ-ĹŠ+ ĹŠ"#-4-!( ĔŊ+ ĹŠ24ă!(#-3#ĹŠ.$#13 ĹŠ"#ĹŠ31 3 ,(#-3.2Ä“ĹŠ
ĹŠ+#%(2+ ".1 ĹŠ !'#9- 1" ĹŠ #1-;-"#9ĹŠ !1(3(! ĹŠ#+ĹŠ, -#).ĹŠ04#ĹŠ2#ĹŠ+#ĹŠ" ĹŠ ĹŠ+ 2ĹŠ,#Äą "(!(- 2ĹŠ"#+ĹŠ Ä“
ēŊ #Ŋ !4#1".Ŋ Ŋ+ Ŋ#-!4#23 Ŋ Ŋ ĔŊ#-Ŋ !4 ".1Ŋ+.2Ŋ'., 1#2Ŋ$4, -Ŋ,;2Ŋ04#Ŋ + 2Ŋ,4)#1#2Ŋ
+ -ĹŠ"#ĹŠ #2 11.++.ĹŠ #-ĹŠ 1 (++#ĹŠ
BW fhÂŒn_cW i[cWdW i[ [cf[pWh| W Z_lkb]Wh [b FbWd :[ :[iWhhebbe _cfh[ie [d [b i_ij[cW XhW_b[ o [d \ehcWje Z[ WkZ_e b_Xhe" fWhW \WY_b_jWh ik WYY[ie W f[hiedWi Yed Z_iYWfWY_ZWZ l_ikWb e WkZ_j_lW$ ;b ZeYkc[dje [bWXehWZe feh bW I[dfbWZ[i Yedj_[d[ bei fbWd[i Z[ jhWXW`e Z[ bei Z_\[h[dj[i c_d_ij[# h_ei Z[b |h[W ieY_Wb$
#+# 1 -ĹŠ ĹŠ+ ĹŠĹŠ (Â #9ĹŠ 8 , (
7 fWhj_h Z[ bWi &.0&&& Z[ ŗŊ [ij[ fh_c[he Z[ `kd_e" :‡W ?dj[hdWY_edWb Z[b D_‹e" [d [b J[Wjhe Bk‡i <[b_f[ 8eh`W Z[ 9WoWcX[" fhel_dY_W Z[ F_Y^_dY^W" i[ h[Wb_pWh| [b fh_c[h [dYk[djhe YkbjkhWb Z[ c‘i_YW o ZWdpW Z[ d_‹ei o WZeb[iY[dj[i Z[b fk[Xbe AWoWcX_$ ;ijW Y_jW fh[j[dZ[ _cfkbiWh bW 7][dZW Fbkh_dW# Y_edWb Z[ bW D_‹[p o 7Zeb[i# Y[dY_W Z[ bWi DWY_edWb_ZWZ[i o Fk[Xbei Z[ ;YkWZeh$
7 f[iWh Z[ gk[ bW 7iWcXb[W Wh# Y^_lÂŒ [b `k[l[i [b `k_Y_e feb‡j_Ye [d YedjhW Z[b c_d_ijhe Z[ IWbkZ" :Wl_Z 9^_h_Xe]W" [b j[cW feh bWi _hh[]kbWh_ZWZ[i [d bW [djh[]W Z[ bei c[Z_YWc[djei fWhW [b jhWjW# c_[dje Z[b L?>%I_ZW de j[hc_# dW$ BW WiWcXb[‡ijW IY^[pdWhZW <[hd|dZ[p ?D: f_Z_ÂŒ h[ifk[i# jWi Wb C_d_ij[h_e Z[ IWbkZ F‘# Xb_YW CIF ieXh[ [b ijeYa o bei fh[Y_ei Z[ bWi c[Z_Y_dWi o Wi[# ]khW ^WX[h [dYedjhWZe lWh_Wi _dYedi_ij[dY_Wi$ BW h[ifk[ijW [dl_WZW feh 9^_h_Xe]W bb[]ÂŒ \k[hW Z[ j_[cfe [ _dYecfb[jW Wb Z[ifWY^e Z[ bW b[]_ibWZehW" Wh]kc[djWdZe gk[ kdW l[p gk[ Yk[dj[ Yed bW _d# \ehcWY_ÂŒd h[ijWdj[" bW h[c_j_h|$ ÆLeo W f[Z_h c|i _d\ehcWY_ÂŒd" f[he gk_[he Z[dkdY_Wh gk[ de i[ [ij| Wj[dZ_[dZe W bei [d\[h# cei Z[ L?> Yece i[ c[h[Y[dÇ" [d\Wj_pÂŒ bW fWhbWc[djWh_W" gk[ WĂ’hcW gk[ [d [b ijeYa Z[b CIF [n_ij[d lWh_ei c[Z_YWc[djei
EFI$ Æ;b c[Z_YWc[dje gk[ c|i d[Y[i_jWd bei [d\[hcei Z[ L?> YedijW Yece Y[he [d [b ijeYa Z[b C_d_ij[h_eÇ" ikXhWoÂŒ bW b[]_ibW# ZehW" fWhW Z[ceijhWh bW ]hWl[# ZWZ Z[ bW i_jkWY_ÂŒd$
Yed XW`Wi h[i[hlWi o Wb]kdei" _dYbkie" [ijWh‡Wd W]ejWZei$ ;ijW .-".ĹŠ 4-"( + i_jkWY_ÂŒd fh[eYkfW W @kWd Ceh[_hW" Z_h[Yjeh Z[ <[hd|dZ[p" fk[i ^Wo 9edjheb o C[`ehWc_[dje c|i Z[ - c_b fWY_[dj[i Z[ bW IWbkZ F‘Xb_YW" Z_e W ĹŠ Yed L?> [d [b fW‡i$ 24$1#-ĹŠ"#ĹŠ ĹŠ#-ĹŠ YedeY[h gk[ bW YecfhW Z[ !4 ".1Ä“ĹŠ 23 ĹŠ Wdj_hh[jhel_hWb[i 7HL !($1 ĹŠ1#2/.-"#ĹŠ +ĹŠ #"(! ,#-3.2 1#%(231.ĹŠ.$(!( +ĔŊ i[ h[Wb_pÂŒ Yed c|i Z[ *&& 1%.ĔŊ c_b ZÂŒbWh[i Z[b <edZe ;d del_[cXh[ Z[ (&'&" 2(-ĹŠ#, #7(23(1~ ĹŠ4-ĹŠ bW Eh]Wd_pWY_ÂŒd FWdW# 24 #%(231.ĹŠ"#ĹŠ CkdZ_Wb <C " Z_h[YjW# c[h_YWdW Z[ bW IWbkZ /#12.- 2ĹŠ-.ĹŠ c[dj[ fW]WZei W bW EFI$ 1#/.13 " 2Ä“ EFI h[Wb_pÂŒ ÂŒhZ[d[i Z[ ;b iWbZe h[ijWdj[" [n# YecfhW Z[ 7HL jhWjW# fb_YÂŒ Ceh[_hW" [b <C be c_[dje feh L?> fWhW [b CIF" kj_b_pÂŒ [d [b fW]e Z[ ik[bZei W Yed kdW \[Y^W j[djWj_lW Z[ bb[]W# Y_dYe f[hiedWi gk[ jhWXW`Wd [d ZW [d cWhpe Z[ (&''$ 9ece feh [b Fhe]hWcW DWY_edWb Z[ I_ZW [`[cfbe" i[ WZgk_h_[hed )$&&& Z[b CIF o fWhW [`[YkjWh [b Y_[# \hWiYei Z[ 7XWYWl_h W kd fh[Y_e hh[ Z[b fheo[Yje$ ;d [b _d\ehc[ Z[ Ceh[_hW" i[ kd_jWh_e Z[ '+"./ ZÂŒbWh[i" l_W CWjh_n BWXehWjeh_[i$ h[YedeY[ gk[ [d `kb_e Z[ (&'& [b BW fh[eYkfWY_ÂŒd Z[ <[hd|d# <C ejeh]ÂŒ c|i Z[ '&& c_b ZÂŒbW# Z[p dWY[ YkWdZe [d bW _d\eh# h[i fWhW ik[bZei o ejhWi WYj_l_ZW# cWY_ÂŒd [dl_WZW feh [b CIF" [b Z[i" be YkWb Æi[ ikcÂŒ Wb iWbZe Z[ bW c_ice W‹e i[ WZgk_h_[hed /&. Yk[djW gk[ i[ WhhWijhWXW Z[ bW de \hWiYei W kd Yeije kd_jWh_e Z[ +( [`[YkY_ÂŒd Z[ WYj_l_ZWZ[i Z[b fhe# ZÂŒbWh[i" l‡W ;ia[]hekf" c|i Z[ o[Yje de Ă’dWb_pWZeÇ" ZWdZe kd jh[i l[Y[i [b fh[Y_e ZWZe feh bW jejWb Z[ c|i Z[ *&& c_b ZÂŒbWh[i$
Ä?ÄˆÄ‘ÄŽĹŠ
ƒ
)')&)! #š(Ĺ‹ (Ĺ‹ )& !#)-Ĺ‹ Ĺ‹'#&#. , -Ĺ‹3Ĺ‹ *)&# # & -Ĺ‹ ;b C_d_ij[h_e Z[ ;ZkYWY_ÂŒd C; _cfb[c[djWh| o [`[Yk# jWh| kd fheY[ie Z[ jhWdi_Y_ÂŒd fWhW gk[ bei ZeY[dj[i gk[ bW# XehWd [d _dij_jkY_ed[i [Zk# YWj_lWi WZc_d_ijhWZWi feh bWi <k[hpWi 7hcWZWi" Feb_Y‡W DWY_edWb o 7l_WY_ÂŒd 9_l_b i[ _dYehfeh[d W [ijW YWhj[hW Z[ ;ijWZe" bk[]e Z[ bW h[if[Yj_lW [lWbkWY_ÂŒd o Ykcfb_c_[dje Z[ bei h[gk_i_jei b[]Wb[i" W Ă’d Z[ _djheZkY_hbei [d bWi YWj[# ]eh‡Wi Z[djhe Z[b [iYWbW\ÂŒd ZeY[dj[$ Æ;b f[hiedWb i[ _dYehfehW# h| Wb C_d_ij[h_e" eXi[hlWdZe [b i_ij[cW Z[ [iYWbW\ÂŒd o ik[b# Zei Z[b CW]_ij[h_e$ I[ ]WhWd# j_pW bW [ijWX_b_ZWZ bWXehWb Z[b f[hiedWb ZeY[dj[" WZc_d_i# jhWj_le o Z[ bei jhWXW`WZeh[i Z[ bei Y[djhei [ZkYWj_leiÇ" _dZ_YÂŒ [b C;$ BW h[iebkY_ÂŒd \k[ WZefjW# ZW bk[]e Z[ gk[ ZeY[dj[i Z[ [iYk[bWi o Yeb[]_ei c_b_jWh[i o feb_Y_Wb[i h[Wb_pWhWd [b fW# iWZe bkd[i kdW fhej[ijW [d bei [nj[h_eh[i Z[b C_d_ij[h_e Z[ :[\[diW$ FWjh_Y_e 7dWbk_# iW" fh[i_Z[dj[ Z[ bW <[Z[hW# Y_ÂŒd DWY_edWb Z[ ;cfb[WZei Z[ bWi Kd_ZWZ[i ;ZkYWj_lWi Z[ bWi <k[hpWi 7hcWZWi o Feb_Y‡W DWY_edWb" [n_]‡W gk[ i[ ^ecebe]k[d bei iWbWh_ei gk[ f[hcWd[Y[d Yed][bWZei Z[iZ[ ^WY[ eY^e W‹ei$ ;b c_d_ijhe Z[ :[\[diW" @Wl_[h FedY[" Z_`e gk[ bW f[j_# Y_ÂŒd [hW `kijW0 ÆW bei ZeY[dj[i o WZc_d_ijhWj_lei i[ b[i h[Ye# deY[h| h[jheWYj_lWc[dj[ bW ^ecebe]WY_ÂŒd iWbWh_WbÇ$ ;b C; WYbWhÂŒ gk[ c_[djhWi i[ [`[YkjW [b fheY[ie Z[ jhWd# i_Y_ÂŒd" [ijei [ijWXb[Y_c_[djei Z[X[d Yedj_dkWh \kdY_edWd# Ze WZc_d_ijhWj_lW o Ă’dWdY_[# hWc[dj[ Yece be ^Wd l[d_Ze ^WY_[dZe" Yed [b Ă’d Z[ gk[ bei [ijkZ_Wdj[i de i[ l[Wd W\[Y# jWZei [d [b dehcWb Z[iWhhebbe Z[ iki WYj_l_ZWZ[i$
7 Ĺ? ĂĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
4 3#, + ĹŠ!.-"#!.1 ĹŠ ĹŠ (!#/1#2("#-3#
Ĺ—ĹŠĹŠĹŠ
3/()Ĺ‹*),Ĺ‹& Ĺ‹* 4 (Ĺ‹ / /' v)-
Ä“ĹŠ 2ĹŠ(-23 + !(.-#2ĹŠ2.-ĹŠ/1.3#%(" 2ĹŠ#-ĹŠ+ ĹŠ-.!'#ĹŠ/.1ĹŠ+ ĹŠ .+(!~ Ä“ĹŠ
-ĹŠ. (2/.ĹŠ ! ,/ ĹŠ#-ĹŠ 4(3.ĹŠ/ 1 ĹŠ+.%1 1ĹŠ + ĹŠ/ 9ĹŠ#-31#ĹŠ1#+(%(.2.2ĹŠ#-ĹŠ+ ĹŠ/1.5(-!( ĹŠ , 9¢-(! Ä“ĹŠ Cedi[‹eh =edpWbe BÂŒf[p CW# fWhW" i[]‘d Z_Y[" XkiYWh bW h[# hW‹Œd" Z[ -- W‹ei" _d]_[h[ iebW# YedY_b_WY_ÂŒd Z[ bWi Yeckd_ZWZ[i h[b_]_eiWi [d IkYkcX‡ei$ c[dj[ W]kW ZkhWdj[ jeZe [b Z‡W" Z[iZ[ [b fWiWZe ;b iWY[hZej[ [ifW‹eb \k[ ĹŠ EX_ife Z[ [iW fhel_dY_W cWhj[i [d [b fWhgk[ Z[ BW 7bWc[ZW" [d [b Y[djhe Z[ Z[iZ[ gk[ bb[]ÂŒ Wb fW‡i" 1 ĹŠ-.ĹŠ"#2% 2Äą ^WY[ *& W‹ei$ ;d eYjkXh[ bW YWf_jWb$ 3 1ĹŠ+ ĹŠ2 +4"ĹŠ"#+ĹŠ Z[ (&'&" [b LWj_YWde ehZ[# ;d bW cW‹WdW i[ b[# #7. (2/.ĔŊ2#ĹŠ 1#"4).ĹŠ#+ĹŠ'.1 Äą lWdjW fWhW Z_h_]_hi[ kd 1(.ĹŠ"#ĹŠ5(2(3 2ĹŠ ĹŠ dÂŒ gk[ bW Yed]h[]WY_ÂŒd Z[ cec[dje W bW YWiW fW# ".2ĹŠ,.,#-3.2ĔŊ BÂŒf[p" bei 9Whc[b_jWi Z[ F_[i :[iYWbpei" Z[`[d [iWi hhegk_Wb Z[ ;b 8[bƒd" kX_# "#ĹŠÄˆÄ‡Ä–Ä‡Ä‡ĹŠ ĹŠ ÄˆÄ‰Ä–Ä‡Ä‡ĹŠ8ĹŠĹŠ"#ĹŠ YWZW Wb \h[dj[$ JecW kdW ĈÄ?ĖććŊ ĹŠÄˆÄ?Ėććē fWhhegk_Wi" bWi YkWb[i i[# ÆW]”_jWÇ YWb_[dj[ o [b h[ije h‡Wd bk[]e Wikc_ZWi feh Z[b Z‡W f[hcWd[Y[ [d kdW bei >[hWbZei Z[ bW ?]b[i_W$ YWhfW$ BW Yeckd_ZWZ de be jecÂŒ ĹŠ ;d bW cW‹WdW bb[]W [b X_[d" bei i[]k_Zeh[i Z[ BÂŒ# cƒZ_Ye =kijWle @W_c[" be f[p o Z[ ik ^[hcWdZWZ de h[l_iW o be [dYk[djhW Yed +ĹŠ 24-3.ĹŠ2#ĹŠ gk_[h[d gk[ i[ lWoWd" f[he %1 5¢Ŋ#-ĹŠ+ 2ĹŠ bW fh[i_ÂŒd kd feYe XW`W$ ĂŒ+3(, 2ĹŠ2#, Äą bei >[hWbZei oW ^Wd be]hW# - 2Ä“ĹŠ +ĹŠ".,(-%.ĹŠ BW ][dj[ bb[]W" Yedl[hiW '4 .ĹŠ%.+/#2ĔŊ Ze Yedi[]k_h [d bW pedW" Yed ƒb$ ;d bW jWhZ[" [b iW# "41 -3#ĹŠ#+ĹŠ"#2Äą bei W\[Yjei Z[ fWhj[ Z[ bW +.) ĹŠ+ ĹŠ! 2 ĹŠ Y[hZej[ Z[iYWdiW$ / 11.04( +ĔŊ04#ĹŠ Yeckd_ZWZ$ BW 9ed\[h[d# :[iZ[ gk[ i[ _dijWbÂŒ [d $4#ĹŠ3., " ĹŠ31#2ĹŠ Y_W ;f_iYefWb" fWhW Yeh# "~ 2ĹŠ -3#2ĹŠ/.1ĹŠ [b bk]Wh" Z_YjW c_iW W bWi ,(#, 1.2ĹŠ"#ĹŠ+ ĹŠ jWh [b fheXb[cW [d iWde" '-0&&$ Bei Ă’[b[i bb[]Wd o %+#2( ĹŠ"#ĹŠ -ĹŠ Z[Y_Z_ÂŒ h[cel[h W bWi Zei (%4#+ĹŠ"#ĹŠ i[ `kdjWd [d kd cec[dje 4!4, ~.2ĔŊ2(,Äą ÂŒhZ[d[i h[b_]_eiWi Z[ bW / 3(9 -3#2ĹŠ"#ĹŠ+.2ĹŠ fhel_dY_W$ Feh [b cec[d# Z[ ehWY_ÂŒd o Z[ h[Ă“[n_ÂŒd$ 1,#+(3 2Ä“ Feh bWi deY^[i Yedl[hiW je o fWhW YkXh_h bWi Æd[Y[# Yed gk_[d[i be l_i_jWd$ i_ZWZ[i h[b_]_eiWiÇ" i[]‘d WfkdjW bW 9ed\[h[dY_W" i[ ieb_Y_# +ĹŠ!.-Ä„(!3.ĹŠ jÂŒ bW YebWXehWY_ÂŒd Z[ iWY[hZej[i ;b h[b_]_eie [ij| [d f_[ Z[ bkY^W Z_eY[iWdei Z[ Gk_je" =kWoWgk_b"
ŊěŊ ;b ?dij_jkje ;YkWje#
h_Wde Z[ 9hƒZ_je ;ZkYWj_le o 8[# YWi ?;9; Wcfb_ÂŒ bei cedjei o fbWpei Z[ YhƒZ_je fWhW \WY_b_jWh [b WYY[ie W bW [ZkYWY_ÂŒd [d Z_\[h[d# j[i |h[Wi$ BWi fhefk[ijWi ied fWhW [ijk# Z_ei Whj[iWdWb[i" WYWZƒc_Yei" Z[ ]hWZe" feij]hWZe" XWY^_bb[hWjei" YWhh[hWi WĂ’d[i W bWi <k[hpWi 7h# cWZWi o Feb_Y‡W DWY_edWb$
;b ?;9; [ij| fheceY_edWdZe [d bei [ijWXb[Y_c_[djei [ZkYWj_# lei bWi ceZ_Ă’YWY_ed[i [d iki b‡# d[Wi Z[ YhƒZ_je" Yed Wcfb_jkZ[i [d cedjei o fbWpei Yed _dj[h[i[i Z[iZ[ [b *$, WdkWb$ 7dj[i j[d‡W cedjei ieXh[ bei '& c_b ZÂŒbWh[i" ^WijW Yed Ă’hcWi Z[ ]WhWdj[i f[hiedWb[i" f[he ^eo i[ Wcfb_ÂŒ W ')$(&& Yed kd ]WhWd# j[ o fWhW (, c_b ZÂŒbWh[i Yed Zei
ŊěŊ;b =eX_[hde Z[ =kWj[cWbW" W jhWlƒi Z[b C_d_ij[h_e Z[ H[bWY_ed[i ;nj[h_eh[i" ejeh]ÂŒ [b `k[l[i bW YedZ[YehWY_ÂŒd Yed bW EhZ[d 7djed_e @eiƒ ?h_iWhh_" [d =hW# Ze Z[ =hWd 9hkp" Wb l_Y[fh[# i_Z[dj[ B[d‡d Ceh[de" feh ik ÆWfehj[ ^kcWd_ijW" fi_YebÂŒ# ]_Ye o Ă’beiÂŒĂ’Ye [d X[d[Ă’Y_e Z[ bWi f[hiedWi Yed Z_iYWfW# Y_ZWZ o feh ik Yedjh_XkY_ÂŒd W l_]eh_pWh bWi h[bWY_ed[i [djh[ ;YkWZeh o =kWj[cWbWÇ$ ;d Y[h[ced_W [\[YjkWZW [d [b FWbWY_e DWY_edWb Z[ bW 9kbjkhW" [b l_Y[c_d_ijhe Z[ H[bWY_ed[i ;nj[h_eh[i" Bk_i ;ijƒl[p BÂŒf[p" Z_e b[YjkhW Wb WYk[hZe" feh [b YkWb [b 9edi[`e Z[ C_d_ijhei Z[ =kWj[cWbW Z_ifed[ [djh[]Wh bW _di_]d_W o [b Z_fbecW W Ceh[de$
2 , +#~23 2Ŋ!.-31 Ŋ "(2!1(,(- !(¢-Ŋ
Ĺ—ĹŠĹŠĹŠ
ēŊ .-9 +.Ŋ ¢/#9Ŋ 1  ¢-ĔŊ "41 -3#Ŋ#+Ŋ 84-.Ŋ"#Ŋ 8#1ēŊ
?XWhhW" 7cXWje" Be`W o IWd @W# Y_dje Z[ OW]kWY^_$ 1.3#23 ĹŠ
Cedi[‹eh de ^WXbW [d BW 7bW# c[ZW" j_[d[ kdW leY[hW$ ;bbW [i CWh‡W Z[ bei Ă›d][b[i LWYW" WYj_# l_ijW Z[ :[h[Y^ei >kcWdei$ Æ;b Wokde [i _dZ[Ă’d_Ze" [if[hWcei kd i_]de Z[ h[YedY_b_WY_ÂŒd [djh[ dk[ijhei ^[hcWdei Z[ IkYkc# X‡ei o gk[ bWi Wkjeh_ZWZ[i \WY_# b_j[d [ij[ fheY[ieÇ$ ;b [neX_ife" ^eo h[j_hWZe" de XkiYW gk[ bei 9Whc[b_jWi h[jehd[d W bW fhel_d# Y_W WcWpÂŒd_YW" iebe" Yece Z_Y[ iki leY[hW" XkiYW fWp [d bW pedW$
Ĺ‹ '*&v Ĺ‹ ,Z #.)Ĺ‹* , Ĺ‹ -./ # (. -
Ä“ĹŠ -ĹŠ-(Â .ĹŠ)41 ĹŠ+ ĹŠ -"#1 ĹŠ#-ĹŠ #+ĹŠ .+#%(.ĹŠ (+(3 1ĹŠ +.8ĹŠ +$ 1.ĹŠ"#ĹŠ 4(3.Ä“ĹŠ
ă
]WhWdj[i$ 7 fWhj_h Z[ bei (, c_b ZŒbWh[i #fWhW [ijkZ_ei [d [b [n# jhWd`[he# i[ d[Y[i_jW Z[ kdW ^_# fej[YW$ ;b ?;9; Yk[djW Yed kd fh[ik# fk[ije Z[ - c_bbed[i Z[ ZŒbWh[i" Wfhen_cWZWc[dj[ [d bW h[]_edWb" f[he Z[ WYk[hZe W bW Z[cWdZW" [b ?dij_jkje Yh[[ feZh‡W YkXh_h bWi ieb_Y_jkZ[i Z[ YhƒZ_je i_d _dYed# l[d_[dj[i$
7iWcXb[‡ijWi [YkWjeh_Wdei fWhj_Y_fWhed [d bW N?L H[# kd_Œd Z[ bW 9ec_i_Œd Z[ =ƒd[# he" D_‹[p o @kl[djkZ h[Wb_pWZW [d 9kXW" ZedZ[ fh[i[djWhed fhefk[ijWi fWhW Z_ic_dk_h bei d_l[b[i Z[ Z_iYh_c_dWY_Œd o l_eb[dY_W [d YedjhW Z[ bW ck`[h [d bW h[]_Œd$ Bei b[]_ibWZeh[i CWh_Wd][b Ck‹ep" CWh‡W Ieb[ZWZ L[bW o 9Whbei L[bWiYe fWhj_Y_fWhed [d [b [dYk[djhe fhecel_Ze feh [b FWhbWc[dje BWj_deWc[# h_YWde FWhbWj_de $ ;djh[ bei j[cWi [nfk[ijei [ijkl_[hed0 [b i[n_ice o bW l_eb[dY_W [d bei c[Z_ei Z[ Yeckd_YWY_Œd" [b \[c_d_Y_Z_e o bW iWbkZ f‘Xb_YW$
#Ŋ"#2/("(¢Ŋ 404#Ŋ '.2/(3 +Ŋ"#Ŋ ē
Ĺ—ĹŠ ĹŠĹŠ }ŊěŊ;d bW ;iYk[bW =h[]eh_e CWhW‹Œd Z[ IWdjW CWh_Wd_jW" i[ [\[YjkÂŒ bW Y[h[ced_W Z[ YbWkikhW Z[ bWi WYj_l_ZWZ[i ^kcWd_jWh_Wi h[W# b_pWZWi feh [b Xkgk[ ^eif_jWb Z[ bei ;ijWZei Kd_Zei KIDI Ăˆ9ed\ehjÉ$ 7 bW Y[h[ced_W Wi_ij_ÂŒ [b c_d_ijhe Z[ IWbkZ" :Wl_Z 9^_# h_Xe]W1 <hWdY_iYe <[hd|dZ[p" YÂŒdikb Z[ ;;$KK$1 [b YWf_j|d 8h_Wd D_Ya[hied" YecWdZWdj[ Z[b Xkgk[1 YWf_j|d Z[ YehX[jW @[Ăľh[o IjWdY_b o YWf_j|d Z[ dWl‡e CWhY[be IWdjWcWh‡W" h[fh[i[djWdj[ Z[b 9ecWdZWd# j[ =[d[hWb Z[ bW CWh_dW$ BWi Wkjeh_ZWZ[i Y_l_b[i o c_b_jWh[i W]hWZ[Y_[hed feh bW bWXeh ^kcWd_jWh_W [\[YjkWZW [d ;YkWZeh$ ;b YWf_j|d Z[ Yeh# X[jW @[Ăľh[o IjWdY_b cWd_\[ijÂŒ gk[ bW jh_fkbWY_ÂŒd Z[b Xkgk[ i[ cWhY^W YecfbWY_ZW feh [b jhWXW`e Z[iWhhebbWZe$
ƒ ą
7 Ĺ? ĂĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
# -. Ĺ‹ (Ĺ‹Ĺ‹
)Ĺ‹ v)-Ĺ‹*),Ĺ‹ ")3)Ĺ‹3Ĺ‹ ) " Ĺ‹ ŊěŊ BW jh_XkdW bkY_ÂŒ h[#
fb[jW" bWi Wkjeh_ZWZ[i beYWb[i" fhel_dY_Wb[i o Wb]kdWi dWY_edW# b[i Ye_dY_Z_[hed Wo[h [d 8WXW^e# oe fWhW Y[b[XhWh bei '*( W‹ei Z[ YWdjed_pWY_ÂŒd$ ;b Z[iĂ’b[ _d_Y_ÂŒ W bWi &/0&&" bW YedY[djhWY_ÂŒd \k[ [d bWi YW# bb[i (- Z[ CWoe o @kWd N CWh# Yei$ FWhj_Y_fWhed _dij_jkY_ed[i [ZkYWj_lWi" ]h[c_ei ieY_Wb[i" WieY_WY_ed[i YWcf[i_dWi" i_dZ_# YWb[i" Whj[iWdWb[i" f[hiedWi Yed Z_iYWfWY_ZWZ" jeZei i[ kd_[hed W bW Ă’[ijW$ BW `ehdWZW Ykbc_dÂŒ Yed [b fWie Z[b =hkfe Z[ <k[hpWi ;i#
(23.1( ĹŠ8ĹŠ /1#2#-3#ĹŠ Ĺ—ĹŠĹŠ
ĹŠ'(23.1( ĹŠ!~5(! ĹŠ"#ĹŠ '.8.ĹŠ (-(!(¢Ŋ#+ŊĉÄ?ĹŠ"#ĹŠ, 8.ĹŠ"#ĹŠÄˆÄ‘Ä?ĒĔŊ$#!' ĹŠ #-ĹŠ+ ĹŠ04#ĹŠ 1!~ ĹŠ .1#-.ĹŠ"#2(%-¢Ŋ ĹŠ + ĹŠ!(4" "ĹŠ!.,.ĹŠ+ ĹŠ! /(3 +ĹŠ"#ĹŠ+ ĹŠ/1.Äą 5(-!( Ä“ĹŠ 2#ĹŠ"~ ĹŠ2#ĹŠ+.ĹŠ!.-2("#1 ĹŠ!.,.ĹŠ #+ĹŠ"#ĹŠ24ĹŠ$4-" !(¢-ĹŠ"#ă-(3(5 Ä“ĹŠ (,(3 ĹŠ +ĹŠ-.13#ĹŠ!.-ĹŠ+.2ĹŠ! -3.-#2ĹŠ 1" -#3 ĹŠ 8ĹŠ 4# +.5(#).ĔŊ +ĹŠ241ĹŠ!.-ĹŠ+ ĹŠ/1.5(-!( ĹŠ "#ĹŠ 4 8 2ĔŊ +ĹŠ#23#ĹŠ!.-ĹŠ#+ĹŠ! -3¢-ĹŠ .-3 +5.ĹŠ8ĹŠ +ĹŠ.#23#ĹŠ!.-ĹŠ#+ĹŠ! -3¢-ĹŠ Ä“ĹŠ 4ĹŠ$4#-3#ĹŠ%#-#1 ".1 ĹŠ"#ĹŠ 1(04#9 ĹŠ#23;ĹŠ 2 " ĹŠ#-ĹŠ+ ĹŠ %1(!4+341 ĹŠ 8ĹŠ% - "#1~ ĹŠ#ĹŠ(-"4231( 2Ä“ĹŠ
f[Y_Wb[i (,$ >eo [b YWdjÂŒd CeYWY^[" jWc# X_ƒd [d Bei H‡ei" Y[b[XhW iki '+ W‹ei Z[ [cWdY_fWY_ÂŒd$ ;b \[ij[`e i[ _d_Y_Wh| Yed [b Z[iĂ’b[ Y‡l_Ye [ijkZ_Wdj_b o c_b_jWh" fWhW fei# j[h_ehc[dj[ Ykbc_dWh Yed bW i[# i_ÂŒd ieb[cd[$ I[]‘d fhe]hWcW [ijWXb[Y_Ze" [b Z[iĂ’b[ i[ _d_Y_Wh| W bWi &/0&& feh bW h[Y_[dj[c[dj[ h[][d[hWZW Wl[d_ZW (. Z[ CWoe" [d ZedZ[ Wkjeh_ZWZ[i _dij_jkY_ed[i [Zk# YWj_lWi" WieY_WY_ed[i" ]h[c_ei" [dj_ZWZ[i f‘Xb_YWi o fh_lWZWi h[dZ_h|d ^ec[dW`[ Wb YWdjÂŒd$
ĊĈć
ÂĄ ĹŠ / 13(!(/ -ĹŠ#-ĹŠ #23#ĹŠ/1.8#!3.Ä“ĹŠ
ÄˆÄŒĹŠ
Â&#x; ĹŠ "#ĹŠ#7(23#-!( ĹŠ 3(#-#ĹŠ+ ĹŠ$4-" Äą !(¢-Ä“ĹŠ
ÄŠĹŠ
ĹŠ 2(15#-ĹŠ!.,.ĹŠ + #1%4#2ĹŠ/ 1 ĹŠ +.2ĹŠ5.+4-3 1(.2Ä“ĹŠ
Ä“ĹŠ ĹŠ4-(" "ĹŠ8ĹŠ#+ĹŠ#2$4#19.ĹŠ' !#-ĹŠ04#ĹŠ+.2ĹŠ#234"( -3#2ĹŠ!.-23148 -ĹŠ.31 2ĹŠ5(5(#-" 2ĹŠ#-ĹŠ"(5#12.2ĹŠ2#!3.1#2ĹŠ"#ĹŠ + ĹŠ/ 11.04( Ä“ĹŠĹŠ
š0 ( -Ĺ‹ )(-.,/3 (Ĺ‹ -/ ˜)-Ĺ‹ (Ĺ‹& -Ĺ‹4)( -Ĺ‹Ĺ‹ *) , -Ĺ‹ Ĺ‹ ' .) +ĹŠ. )#3(5.ĹŠ#2ĹŠ 1(-" 1ĹŠ4- ĹŠ5(5(#-" ĹŠ #,#1%#-3#ĹŠ ĹŠ+ 2ĹŠ/#12.- 2ĹŠ04#ĹŠ5(5#-ĹŠ #-ĹŠ!.-"(!(.-#2ĹŠ/1#! 1( 2Ä“ ĹŠÄ› 9ed iki cWb[jWi [d bWi
ēŊ 234"( -3#2Ŋ"#+Ŋ! -3¢-Ŋ'.,#- )# 1.-Ŋ Ŋ24Ŋ!(4" "ēŊ
cWdei o bWi ]WdWi Z[ jhWXW`Wh feh bWi f[hiedWi Z[ [iYWiei h[Ykhiei" kde W kde _XWd bb[]WdZe bW cW‹W# dW Z[ Wo[h bei `ÂŒl[d[i lebkdjWh_ei Z[ bW \kdZWY_ÂŒd ĂˆKd j[Y^e fWhW c_ fW‡iÉ" gk[ _d_Y_ÂŒ bW YedijhkY# Y_ÂŒd Z[ )' l_l_[dZWi [c[h][dj[i [d Z_ij_djei XWhh_ei o Yeckd_ZW# Z[i Z[ bW fWhhegk_W IWdjW HeiW" Wb ikhe[ij[ Z[ 7cXWje$ KdW l[p h[kd_Zei bei `ÂŒl[# d[i" gk[ l_W`Whed Z[iZ[ Z_l[h# iei bk]Wh[i Z[b fW‡i" \k[hed eh]Wd_pWZei [d YkWZh_bbWi o Z_# h_]_Zei ^WijW bWi [iYk[bWi ZedZ[ i[h|d iki WbX[h]k[i j[cfehWb[i ZkhWdj[ bei jh[i Z‡Wi gk[ ZkhWh| bW YedijhkYY_ÂŒd Z[ bW YWiWi$ 7dZhƒi 7]k_bWh" Z_h[Yjeh Z[ 9edijhkYY_ed[i Z[b Fheo[Yje" cWd_\[ijÂŒ gk[ bk[]e Z[ kd [i#
jkZ_e jƒYd_Ye o Z[ [dYk[ijWi h[W# b_pWZWi W bWi f[hiedWi gk[ l_l[d [d YedZ_Y_ed[i fh[YWh_Wi" i[ Z[# j[hc_dŒ gk[ [n_ij[d [d [ijW fW# hhegk_W )- YWiei kh][dj[i" Z[ bei YkWb[i i[ feZh| Wj[dZ[h W )'$ ;d eY^e Yeckd_ZWZ[i i[ Yedijhk_h|d bWi l_l_[dZWi [c[h# ][dj[i" YWiWi gk[ ied b[lWdjWZWi Yed [b Wfeoe Z[ `Œl[d[i i[YkdZW# h_ei o kd_l[hi_jWh_ei Z[b fW‡i$ BW cWoeh fWhj[ Z[ lebkdjWh_ei fhe# l_[d[d Z[ Gk_je" f[he jWcX_ƒd ^Wo YebWXehWZeh[i Z[ 9k[dYW" Be`W" =kWoWgk_b" 7cXWje" [djh[ ejhWi Y_kZWZ[i$ BW YedijhkYY_Œd Z[ bWi l_l_[dZWi i[ XWiW [d Zei fWhj[i1 bW fh_c[hW [i bW YebeYWY_Œd Z[ Y_c_[djei f_bej[i " l_]Wi Z[ f_ie o fWd[b[i Z[ f_ie$ BWi l_l_[dZWi gk[ i[ Yedijhko[d ied fh[\WXh_YWZWi$ ;b |h[W Z[ YedijhkY#
.2Ŋ )¢5#Ĺ -#2Ŋ2#Ŋ ! -2 1.-Ŋ"#Ŋ ' + 1Ŋ"#Ŋ4-Ŋ ! , (.Ŋ8Ŋ2#Ŋ"#!("(#1.-Ŋ Ŋ /.8 1Ŋ#23#Ŋ24# .Ģē
-ĹŠ #++.ĹŠ!#,#-3#1(.ĹŠ#23;ĹŠ"#ĹŠ -(5#12 1(.
: ŊěŊŊ .8Ŋ#+Ŋ #,#-3#1(.Ŋ 4-(!(/ +Ŋ"#Ŋ 4+!;-Ŋ .2_Ŋ 1~ Ŋ 9 _+Ŋ
1 -!.ĹŠ !#+# 1 ĹŠ 24ĹŠ 5(%_2(,.ĹŠ 2_/3(,.ĹŠ -(5#12 1(.ĹŠ "#ĹŠ #!+ 1 3.1( ĹŠ 31(,.-( +ĹŠ#ĹŠ ,/.13 -!( ĹŠ 41~23(! Ä“ĹŠ (+#2ĹŠ"#ĹŠ341(23 2ĹŠ#731 -)#1.2ĹŠ8ĹŠ - !(.- +#2ĹŠ2#ĹŠ"(#1.-ĹŠ!(3 ĹŠ ĹŠ+ 2ĹŠ"(5#12 2ĹŠ !3(5(" "#2ĹŠ04#ĹŠ2#ĹŠ1# +(9 1.-ĹŠ /.1ĹŠ#23 ĹŠ$#!' Ä“
Y_ÂŒd Z[ YWZW kd_ZWZ [i Z[ '. c[jhei YkWZhWZei$ J_[d[d kdW ZkhWY_ÂŒd Z[ '& W '( W‹ei" Z[# f[dZ_[dZe Z[b Yk_ZWZe gk[ b[ Z[d iki ^WX_jWdj[i$ 7]k_bWh Z[ijWYÂŒ gk[ [ijWi l_l_[dZWi ied Yedijhk_ZWi ]hWY_Wi Wb Wfeoe Z[ bW [c# fh[iW fh_lWZW o bW Xk[dW le# bkdjWZ Z[ bei [ijkZ_Wdj[i Z[ Yeb[]_ei o kd_l[hi_ZWZ[i Z[b ;YkWZeh$ KdW Z[ bei fh_c[hWi i_# jkWY_ed[i kh][dj[i i[ Z_e [d [b i[Yjeh Z[ bW Yeckd_ZWZ Z[ 7d]W^kWdW" f[hj[d[Y_[dj[ W IWdjW HeiW" ZedZ[ Jh|di_je FkcWgk_iW" Z[ -/ W‹ei" l_# l‡W [d YedZ_Y_ed[i fh[YWh_Wi$ 7^ehW" ]hWY_Wi Wb fheo[Yje o bei lebkdjWh_ei" j[dZh| kd ^e]Wh Z_]de ZedZ[ fWiWh [b h[ije Z[ ik l[`[p$ ÆBWi l_l_[dZWi [ijWh|d YedYbk_ZWi [b fhÂŒn_ce Ze# c_d]e o i[ h[Wb_pWh| kd WYje i_cXÂŒb_Ye Z[ _dWk]khWY_ÂŒd Z[ bWi dk[lWi l_l_[dZWi" ZedZ[ bei lebkdjWh_ei ^WY[d Z[ Wd# Ă’jh_ed[iÇ" Yec[djÂŒ 7]k_bWh$ ;b jhWXW`e Yedj_dkWh| ^eo Yed [b b[lWdjWc_[dje Z[ bWi fWh[Z[i fh[\WXh_YWZWi" [b Wh# cWpÂŒd Z[b j[Y^e o YebeYWY_ÂŒd Z[ YkX_[hjW$ ;b Zec_d]e i[ f_djWh|d bWi YWiWi o bk[]e i[ bWi [djh[]Wh| W bWi \Wc_b_Wi$
Ä“ĹŠ .2ĹŠ5.+4-3 1(.2ĹŠ 84" -ĹŠ ĹŠ 1;-2(3.ĹŠ 4, 04(2 ĹŠ ĹŠ!4,/+(1ĹŠ!.-ĹŠ242ĹŠ04#' Äą !#1#2ĹŠ"( 1(.2Ä“ĹŠ
^ ĹŠ Ä”
ĹŠ ĹŠ $
(. (.š -) ),( ,ŋ ŋ /(ŋŋ$/ 4ŋ3ŋ / ŋ . (# )
7 Ĺ? ĂĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
Ć
I[]‘d dWhhÂŒ" [b fWiWZe c_ƒh# Yeb[i (+ Z[ cWoe" Ă›d][b >khjW# Ze <beh[i WYkZ_ÂŒ W ik Z[ifWY^e BW Z[i[if[hWY_ÂŒd Z[ kd fWZh[ fWhW ieb_Y_jWhb[ gk[ b[ WokZ[ Yed feh Yedi[]k_h bW b_X[hjWZ Z[ ik bW b_X[hjWZ Z[ ik ^_`e" gk_[d Z‡Wi Wjh|i ^WX‡W i_Ze Z[j[d_Ze ^_`e b[ YedZk`e W _dj[djWh feh YedZkY_h kd l[^‡Ykbe ieXehdWh W kd `k[p o W^e# Yed Wb_[dje W b_Yeh$ hW [d\h[djW kd fheY[ie f[# ĹŠ ;b @k[p YedjÂŒ WZ[c|i dWb gk[ b[ feZh‡W bb[lWh W gk[" Yece [ij| [d bW eXb_]W# fh_i_ÂŒd Z[ kde W jh[i W‹ei" #%ĂŒ-ĹŠ#+ĹŠ 13Ä“ĹŠ i_ [b ^[Y^e Z[dkdY_WZe [i ĉđđŊ"#+ĹŠ ¢"(%.ĹŠ Y_ÂŒd Z[ [iYkY^Wh W bWi fWh# #- +ĔŊ#+ĹŠ!.'#Äą YecfheXWZe [d bW _dl[i# !'.ĹŠ ĹŠ4-ĹŠ)4#9ĹŠ#2ĹŠ j[i" YkWdZe b[ [nfb_YWXW Z[ bWi Yedi[Yk[dY_Wi b[]Wb[i j_]WY_ÂŒd fheY[iWb gk[ i[ 2 -!(.- ".ĹŠ!.-ĹŠ ÄŒĹŠ ĹŠÄ‘ĹŠ  .2ĹŠ"#ĹŠ 1#!+42(¢-ĹŠ, 8.1ĹŠ feh YedZkY_h kd Wkjecejeh WXh_ÂŒ [d ik YedjhW$ BW Z[dkdY_W Z[ [ij[ .1"(- 1( ĹŠ8ĹŠ+ ĹŠ 3#-3 3(5 ĹŠ"#ĹŠ4-.ĹŠ [d [ijWZe Z[ [cXh_W]k[p" [b YWie \k[ ^[Y^W feh [b `k[p ĹŠ".2ĹŠ3#1!(.2ĹŠ"#ĹŠ Y_jWZe Y_kZWZWde b[ e\h[Y_ÂŒ + ĹŠ/#- ĹŠ04#ĹŠ2#ĹŠ i[nje Z[ Jh|di_je 7Z`kdje +#2ĹŠ' 1~ ĹŠ )&& ZÂŒbWh[i fWhW gk[ b[ YedY[ZW bW b_X[hjWZ Wb `e# Z[ F_Y^_dY^W" FWjh_Y_e He# (,/4#23.ĹŠ2(ĹŠ#+ĹŠ "#+(3.ĹŠ2#ĹŠ'4 (#2#ĹŠ c|d 9W‹_pWh[i" fWhW WZ# !.-24, ".Ä“ l[d" be YkWb \k[ h[Y^WpWZe o Z[ _dc[Z_Wje i[ bbWcÂŒ W bW l[hj_h W bei kikWh_ei Z[ bW `kij_Y_W Z[ gk[ i[ WXij[d# ]kWhZ_W Z[b FWbWY_e Z[ @ki# ]Wd Z[ [ijW cWbW fh|Yj_YW" gk[" j_Y_W fWhW gk[ i[ Z[j[d]W Wb Y_kZW# Z_`e" de ^WY[ ejhW YeiW gk[ Yec# ZWde$ ;b fWZh[ \k[ jhWibWZWZe W bW fb_YWh c|i bW i_jkWY_ÂŒd `kh‡Z_YW Feb_Y‡W @kZ_Y_Wb fWhW bWi Z_b_][dY_Wi Z[ bei b_j_]Wdj[i [d fheXb[cWi$ b[]Wb[i Z[b YWie$
Ä“ĹŠ +ĹŠ!.1.-#+ĹŠ _2 1ĹŠ 11(¢-ĔŊ!4 -".ĹŠ2 +(¢Ŋ"#+ĹŠ#7/#- +ĹŠ 1!~ ĹŠ .1#-.ĹŠ"#ĹŠ 4(3.ĔŊ' !#ĹŠÄˆÄŽĹŠ"~ 2Ä“ĹŠ
ýúĚ ąŋ#(0 -.#! #š(ŋ '#( ŋ ŋ* -)ŋ& (.)
ĹŠ (2! +~ -.ĹŠ' ĹŠ/."(". /1. 1ĹŠ+ ĹŠ1#2/.-Äą 2 (+(" "ĹŠ"#ĹŠ+.2ĹŠ (,/43 ".2Ä“
BW H[Yeb[jW" [ijW ‘bj_cW WZoW# ]khWZe gk[ ƒb [ijkle [d bk]Wh Y[dj[ Wb C_d_ij[h_e Z[ :[\[d# Z[ bei ^[Y^ei Yece kd Y_k# iW" i_j_ei [d bei YkWb[i _dYbkie ZWZWde c|i" WfeoWdZe W bei i[ fkZe _Z[dj_Ă’YWh fWdYWhjWi kd_\ehcWZei" f[he gk[ `Wc|i fh[[bWXehWZWi fWhW bW fhej[ijW" Yedif_hÂŒ YedjhW bW [ijWX_b_ZWZ jWcfeYe i[ ^W be]hWZe WlWdY[i Z[b =eX_[hde$ 9kWdZe iWb_ÂŒ Z[ i_]d_Ă’YWj_lei o jeZe i_]k[ [d fh_i_ÂŒd" WZl_hj_ÂŒ" gk[ bW f[hi[# _dZW]WY_ÂŒd fh[l_W$ ?]kWb eYk# YkY_ÂŒd Yedj_dkWh‡W" [d \ehcW hh[ Yed bei YWiei Z[ ck[hj[ Z[b Z[ Wf[bWY_ÂŒd$ FWhW lWh_ei WdWb_ijWi o Z[# ;b bkd[i i[ Ykcfb[d eY^e c[# feb_Y‡W <he_b|d @_cƒd[p =?H o i[i Z[ bei ^[Y^ei ikiY_jWZei Z[b ejhe Y_kZWZWde WYh_X_bbWZe \[dieh[i Z[ bei [dYWhY[bWZei" [d [b H[]_c_[dje Gk_je" Yed bW [d bW WcXkbWdY_W Z[ kdW YWiW [b =eX_[hde _dj[djW ieij[d[h W _dikhh[YY_ÂŒd Z[ Y_[hjei [b[c[d# Z[ iWbkZ Z[ bW YWf_jWb$ Yece Z[ bk]Wh bW j[eh‡W Z[ gk[ i[ jhWjÂŒ Z[ kd _dj[dje Z[ ]ebf[ jei Z[ bW Feb_Y‡W DWY_edWb" [djh[ Z[ [ijWZe" [b fh[i_Z[dj[ HW\W[b eĂ’Y_Wb[i o bW jhefW" f[he ^WijW ĹŠ3#.1~ ĹŠ"#ĹŠ+ ĹŠ (2! +~ bW \[Y^W bW <_iYWb‡W de ^W be]hW# H[if[Yje Z[ bei Zei YWiei gk[ 9ehh[W" _dYbkie" YecfWhW bei ^[Y^ei eYkhh_Zei [b )&#I Ze _Z[dj_Ă’YWh W bei fh[ikdjei bei jh_XkdWb[i ieXh[i[# h[ifediWXb[i Z[ bei Z[b_jei c|i o[hed fhel_i_edWbc[dj[ Yed bW Ăˆ>e]k[hW 8|hXW# ]hWl[i gk[ i[ f[hf[jhWhed [d W bei _cfkjWZei" [b Ă’i# ĹŠ hWÉ" YkWdZe WhhWijhWhed o gk[cWhed l_le Wb ][d[hWb [i[ [djedY[i" [if[Y_Wbc[dj[ [d YWb Z[ F_Y^_dY^W" CWh# be gk[ j_[d[ gk[ l[h Yed bW fƒh# Ye <h[_h[" WZk`e gk[ bW +ĹŠ)4#5#2ĔŊ+.2ĹŠÄˆÄ‰Ä‡ĹŠ ;beo 7b\Whe$ 1.2ĹŠ <_iYWb‡W fheXÂŒ [b Z[b_je / ~2#2ĹŠ,(#, Z_ZW Z[ l_ZWi ^kcWdWi$ "#ĹŠ+ ĹŠ >WijW ^eo" Zei YWiei ^Wd Z[ jeZei bei _dlebkYhW# .-$#1#-!( ĹŠ 2!#- 1(.2ĹŠ YedYbk_Ze Yed bW fh_c[hW [jWfW Zei" f[he bei `k[Y[i de (-(23#1( +ĹŠ"#ĹŠ 7b h[\[h_hi[ W bei YWiei Z[ ~2#2ĹŠ-.ĹŠ Z[ bW _dl[ij_]WY_ÂŒd f[dWb _di# ^_Y_[hed kdW lWbehWY_ÂŒd +(-# ".2ĹŠ"#!(Äą BW H[Yeb[jW" bW 8Wi[ 7ƒh[W jhkYY_ÂŒd Ă’iYWb o bei jh_XkdWb[i [nWYjW Z[ bW fhk[XW fh[# "(#1.-ĔŊ#-ĹŠ -".-#2( ĔŊ!.+.Äą o bei \Wbb[Y_Zei [d [b )&#I" ! 1ĹŠ#-ĹŠ+ ĹŠ"#!+ 1 Äą [b Ă’iYWb _d\ehcÂŒ gk[ [ij|d ieXh[i[o[hed fhel_i_edWbc[d# i[djWZW$ !(¢-ĹŠ$(- +ĹŠ4-ĹŠ :_`e gk[ be c_ice ^W /;11 $.ĹŠ04#ĹŠ!.-Äą [d _dZW]WY_ÂŒd o i[ [ij| j[ W bei _cfkjWZei [d _dj[dje Z[ #+(¢-ĹŠ WlWdpWdZe" f[he Yece ^Wo cW]d_Y_Z_e Wb fh[i_Z[dj[ HW\W[b ikY[Z_Ze Yed [b YWie Z[b "#- ĹŠ+ ĹŠ1# /.+(!( +ĹŠ"#+ŊĊćŊ"#ĹŠ h[i[hlW [d bW b[o" de fk[Z[ 9ehh[W Yehed[b 9ƒiWh 9Whh_ÂŒd o cWoeh <_Z[b 7hWk`e" feh# 2#/3(#, 1#Ä“ ZWh cWoeh _d\ehcWY_ÂŒd" ejhei [ _dY_jWY_ÂŒd W bW h[X[b_ÂŒd gk[ [b Jh_XkdWb de lWbe# f[he gk[ efehjkdWc[dj[ cWoeh <_Z[b 7hWk`e $ hÂŒ bWi fhk[XWi fh[i[djW# ;d [b YWie Z[b [n`[\[ Z[ bW ZWi o feh [bbe i[ Wf[bÂŒ [i[ \Wbbe$ bei Ă’iYWb[i gk[ YedeY[d bei YWiei ;iYebjW B[]_ibWj_lW" Yehed[b ÆJ[d[cei [b Yedl[dY_c_[dje i[ fhedkdY_Wh|d$ H[if[Yje Z[ bW Y[b[h_ZWZ gk[ HebWdZe JWf_W" bW _dijhkYY_ÂŒd Z[ gk[ bW iWbW gk[ YedepYW [b jWcX_ƒd YedYbkoÂŒ" f[he W bW \[# fheY[ie lW W h[leYWh [i[ \Wbbe ^kXe fWhW _cfkjWh W bei feb_# Y^W de ^Wo jh_XkdWb gk[ be `kp# gk[ Z[YbWhÂŒ bW _deY[dY_W Z[b _c# Y‡Wi o bW b[dj_jkZ [d bei YWiei BW ]k[$ ?]kWb eYkhh[ [d [b YWie Z[b fkjWZe" fehgk[ jeZe [b ckdZe H[Yeb[jW o 8Wi[ 7ƒh[W" `kij_Ă’YÂŒ fh[ikdje Z[b_je Z[ h[X[b_ÂŒd" [d b[ l_e Wb cWoeh 7hWk`e gk[ [i# i[‹WbWdZe gk[ i[ ^Wd jecWZe [b gk[ [ij|d _cfkjWZei c|i Z[ jWXW [d [b H[]_c_[dje Gk_je o Y_[djei Z[ l[hi_ed[i Z[ jeZei +& feb_Y‡Wi$ bei j[ij_ced_ei o bWi [nf[hj_Y_Wi gk_[d[i i[ ^W be]hWZe _Z[dj_Ă’# ;d bei ejhei YWiei Z[ bei ^[# Z[j[hc_dWhed gk[ [ijWXW _dY_# YWh o i[ [ij| f_Z_[dZe ejhe b_ijW# Y^ei ikiY_jWZei [d [iW \[Y^W [d jWdZe W bW h[X[b_ÂŒdÇ" [nfb_YÂŒ$ Ze fWhW iWX[h gk_ƒd[i i[ [dYed# bW 8Wi[ 7ƒh[W CWh_iYWb IkYh[ o 7hWk`e" feh ik fWhj[" ^W Wi[# jhWXWd [d [iei bk]Wh[i$
,# #)ŋ ),, ŋ * & ,6ŋ (ŋ$/# #)ŋ )(., ŋ &0 , )ŋ Ŋš <WXh_Y_e 9ehh[W" ^[h#
cWde cWoeh Z[b Fh_c[h CWdZW# jWh_e" fh[i[djWh| kdW Wf[bWY_ÂŒd Wb \Wbbe Z[ bei cW]_ijhWZei Z[ bW Fh_c[hW IWbW F[dWb Z[ bW 9ehj[ DWY_edWb Z[ @kij_Y_W" [d [b fhe# Y[ie feh _d`kh_Wi _dijWkhWZe Wb i[Yh[jWh_e Z[ 9eckd_YWY_ÂŒd" <[hdWdZe 7blWhWZe$ 7o[h" ZkhWdj[ kdW `ehdWZW Z[fehj_lW [djh[ Wc_]ei" WdkdY_ÂŒ gk[ W c|i jWhZWh [ij[ bkd[i iki WXe]WZei fh[i[djWh|d [b [iYh_je$ C_[djhWi jWdje" 9ehh[W _hed_# pÂŒ bW Wfb_YWY_ÂŒd Z[b Z[j[Yjeh Z[ c[dj_hWi W bW Feb_Y‡W" fh[i[djWd# Ze kdW bWlWYWhW Yebeh heiW Yed bW \hWi[0 Ăˆfeb‡]hW\e I[Yh[jÉ$ 1(3#1(.ĹŠ
I[]‘d [b ^[hcWde Z[b Fh[i_Z[d# j[" [b Z[cWdZWZe 7blWhWZe de fkZe ikij[djWh iki _d`kh_Wi YedjhW <$ 9ehh[W" h[bWj_lWi W ik# fk[ijei YedjhWjei Yed [b ;ijWZe" [cfh[iWi \WdjWicWi o j[ijW\[# hh_ice$ ;iWi WYkiWY_ed[i bWi
fbWicÂŒ 7blWhWZe [d kdW YWhjW [dl_WZW W bW 9DD$ <$ 9ehh[W i[‹WbÂŒ gk[ bW i[d# j[dY_W l_ebW bW 9edij_jkY_ÂŒd" [d [b Whj‡Ykbe ',/" gk[ i[‹WbW gk[ Æde i[ iWYh_Ă’YWh| bW `kij_Y_W feh bW iebW ec_i_ÂŒd Z[ \ehcWb_ZWZ[iÇ$ ÆE`Wb| gk[ bei `k[Y[i Z[ _dijWd# Y_Wi ikf[h_eh[i de j[d]Wd c_[Ze Z[ WYjkWh Wf[]WZei Wb Z[h[Y^e o i_[dj[d kd fh[Y[Z[dj[ YedjhW gk_[d[i Z_\WcWd W bei gk[ f_[d# iWd e WYj‘Wd Z_\[h[dj[ W iki _dj[# h[i[iÇ" [d\Wj_pÂŒ$ I[]‘d 9ehh[W" bW YWhjW [d# l_WZW W bW 9DD i[ Z_\kdZ_ÂŒ o ik Wkj[dj_Y_ZWZ \k[ Y[hj_Ă’YWZW feh [b c_ice Wkjeh Wdj[ bW _cfei_# X_b_ZWZ Z[ Y[hj_Ă’YWY_ÂŒd eh_]_dWb" Æfk[i [ij[ h[feiW [d bW 9DD [d 7jbWdjW" ;;$KK$Ç$ Bk_i CeoWde 7bWhWYÂŒd" cW]_i# jhWZe Z[ bW iWbW" f[i[ W [bbe Z[i[Y^ÂŒ bW gk[h[bbW feh Yedi_Z[hWh gk[ bW YWhjW gk[ Yedj_[d[ bWi _d`kh_Wi de ]epW Z[ [Ă’YWY_W fheXWjeh_W feh i[h kdW Yef_W i_cfb[$
ĖŊ 1(!(.Ŋ .11# ĔŊ'#1, -.Ŋ"#+Ŋ 1#2("#-3#ēŊ
ć
ēŊ -Ŋ 404#Ŋ,#1! -3#Ŋ 11( Ŋ +Ŋ/4#13.Ŋ "#Ŋ ¢33#1" ,Ŋĸ .+ -" ĚĔŊ#+Ŋ,;2Ŋ(,/.13 -3#Ŋ"#+Ŋ (#).Ŋ .-3(-#-3#ēŊ
7 Ĺ? ĂĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
/ ),Ĺ‹- Ĺ‹ , Ĺ‹ Ĺ‹ /,)* Ĺ‹
8ĹŠ/4-3.2ĹŠ04#ĹŠ 142#+ 2ĹŠ04(#1#ĹŠ04#ĹŠ 04#"#-ĹŠ!+ 1.2ĹŠ -3#2ĹŠ"#ĹŠÄƒ1, 1ĹŠ4-ĹŠ !4#1Äą ".ĹŠ!.,#1!( +ĔŊ!.,.ĹŠ+ 2ĹŠ!.,/1 2ĹŠ/ĂŒ +(! 2Ä“ĹŠ ĹŠ ĹŠÄ› BW c_d_ijhW Z[ Fhe# ZkYY_ÂŒd" ;cfb[e o FheZkYj_l_# ZWZ" DWj^Wb_[ 9[bo" Wi[]khÂŒ [d 8hki[bWi" 8ƒb]_YW" gk[ [if[hW gk[ i[ h[WdkZ[d fhedje bWi d[]eY_W# Y_ed[i fWhW be]hWh kdW WYk[hZe Yec[hY_Wb Yed bW Kd_ÂŒd ;khef[W K; $ 9[bo" gk_[d i[ h[kd_ÂŒ Wo[h" Yed [b Yec_iWh_e [khef[e Z[ 9ec[h# Y_e" AWh[b :[ =kY^j" fWhW h[l_iWh [b [ijWZe Z[ bWi h[bWY_ed[i [djh[ bWi Zei fWhj[i" Z_`e gk[ ^W feZ_# Ze YecfheXWh [d [b [dYk[djhe gk[ Æ[n_ij[ [b c[`eh Z[ bei |d_# cei fWhW be]hWh kd WYk[hZe gk[ i[W X[d[Ă’Y_eie fWhW bWi fWhj[iÇ$ JWdje bW K; Yece [b fW‡i Ye_dY_#
bb[]ÂŒ Wb Z[ifWY^e Z[b YWdY_bb[h H_YWhZe FWj_‹e Wdj[i Z[ c_ l[# d_ZW o Yh[[cei gk[ fk[Z[d i[h Yedj[ijWZWi [d [b c[deh j_[cfe fei_Xb[$ ;ie dei f[hc_j_h| j[d[h [b [ifWY_e fWhW lebl[h W bW c[iW Z_[hed [d bW h[kd_ÂŒd [d gk[ [ie Z[ d[]eY_WY_ÂŒdÇ" [nfb_YÂŒ$ eYkhhW ÆYkWdje Wdj[iÇ" i[‹WbÂŒ bW C_d_ijhW$ .-Ä„(!3.2ĹŠ 9[bo" gk_[d l_W`ÂŒ W 8hki[bWi BWi WYbWhWY_ed[i gk[ ^W f[Z_# WYecfW‹WZW feh [b l_# Ze bW K; i[ h[Ă’[h[d W bei i[Yjeh[i Z[ i[hl_Y_ei o Z[ Y[c_d_ijhe Z[ 9ec[hY_e ĹŠ ;nj[h_eh [ ?dj[]hWY_ÂŒd YecfhWi f‘Xb_YWi$ ;d [b fh_c[he [n_ij[ kdW Z_ife# ;YedÂŒc_YW" <hWdY_iYe H_# lWZ[d[_hW" o [b `[\[ d[]e# 2ĹŠ5#-3 2ĹŠ' !( ĹŠ 41./ ĹŠ/ 2 1.-ĹŠ i_Y_ÂŒd [d bW 9edij_jkY_ÂŒd Y_WZeh Yec[hY_Wb [YkWje# "#ĹŠÄ?ÄŠÄ?ĹŠ,(++.-#2ĹŠ gk[ [ijWXb[Y[ gk[ [b ;ijW# h_Wde" C[djeh L_bbW]ÂŒc[p" "#ĹŠ"¢+ 1#2ĹŠ#-ĹŠ Ze Z[X[ ][ij_edWh" h[]kbWh" ĉćććŊ' 23 ĹŠ _dZ_YÂŒ gk[ ;YkWZeh o bW ĉēćÄ?Ä‘ĹŠ,(++.-#2ĹŠ WZc_d_ijhWh o YedjhebWh #+ĹŠ  .ĹŠ/ 2 ".Ä“ K; [ij|d [d kd ÆfheY[ie bei i[Yjeh[i [ijhWjƒ]_Yei" Z[ WYbWhWY_ÂŒd Z[ Wb]kdWi feh be gk[ bW K; gk_[h[ ZkZWi Yed h[if[Yje W Wb]kdei iWX[h gkƒ Yecfhec_iei _dj[hdW# i[Yjeh[iÇ [YkWjeh_Wdei$ Y_edWb[i fk[Z[ WZgk_h_h ;YkWZeh Æ>[cei h[Y_X_Ze oW bWi Zk# Z[djhe Z[ [iWi \WYkbjWZ[i gk[ b[ ZWi feh [iYh_je [d kdW YWhjW gk[ Wjh_Xko[ bW 9WhjW CW]dW$
;d [b i[Yjeh Z[ bWi YecfhWi ZWi [d (&&/" fehgk[ [b ;`[Ykj_le f‘Xb_YWi" bW b[o [YkWjeh_WdW Z[ Yedi_Z[hWXW gk[ bWi Yedl[hiWY_e# [cfh[iWi f‘Xb_YWi [ijWXb[Y[ gk[ d[i de _XWd [d\eYWZWi Wb ÆZ[iW# [ijWi de j_[d[d d[Y[iWh_Wc[dj[ hhebbeÇ o [b Æ8k[d L_l_hÇ gk[ [n_# bW eXb_]WY_ÂŒd Z[ iec[j[hi[ W fhe# ][ bW dk[lW 9edij_jkY_ÂŒd$ Y[iei Z[ b_Y_jWY_ÂŒd f‘Xb_YW" i_de gk[ fk[Z[d YedjhWjWh Z_h[YjW# #31 2.ĹŠ c[dj[ o feh h[]bW ][d[hWb i[ ^W# BW K; d[]eY_WXW Yed ;YkWZeh" Y[d bWi WZgk_i_Y_ed[i W jhWlƒi Z[b F[h‘ o 9ebecX_W kd jhWjWZe c[YWd_ice Z[ YecfhWi f‘Xb_YWi Yec[hY_Wb ckbj_fWhj_je" jhWi [b Z[b ;ijWZe$ ;YkWZeh j_[d[ gk[ Ă’# _dj[dje \hkijhWZe Z[ be]hWh kd `Wh Yk|b[i lWd W i[h bei i[Yjeh[i WYk[hZe Z[ WieY_WY_ÂŒd Yed bW 9e# gk[ [ijWh|d YkX_[hjei feh [b c[# ckd_ZWZ 7dZ_dW Z[ DWY_ed[i 97D feh bWi Z[iWl[d[d# YWd_ice$ I[]‘d [b L_Y[c_d_ijhe" Y_Wi Z[ 8eb_l_W$ ;b WYk[hZe bW K; Æ[i c|i gk[ X_[d# Z[ b_Xh[ Yec[hY_e Yed 9e# "#ĹŠ+ 2ĹŠ#7/.13 Äą l[d_ZW W fWhj_Y_fWh [d bei !(.-#2ĹŠ#!4 3.1( Äą becX_W o F[h‘ \k[ hkXh_YW# c[YWd_icei Z[ YecfhWi - 2ĹŠ5 -ĹŠ' !( ĹŠ Ze h[Y_[dj[c[dj[$ 41./ Ä“ f‘Xb_YWiÇ$ ;b fehjWlep Z[ :[ =k# ;b =eX_[hde [dl_ÂŒ [b (' Y^j" @e^d 9bWdYo" i[‹WbÂŒ Z[ \[Xh[he kdW YWhjW W bW K; [d bW gk[ ;YkWZeh Æ[i b_Xh[ Z[ ikcWh# gk[ YedĂ’hcW ik Z_ifei_Y_ÂŒd W h[# i[ Wb c_ice YkWdZe be Yedi_Z[h[ WdkZWh YkWdje Wdj[i bWi d[]eY_W# Wfhef_WZe o deiejhei b[i Wd_cW# Y_ed[i Yec[hY_Wb[i _dj[hhkcf_# cei W ^WY[hbeÇ$
Ä‰ÄˆĹ˜
& ' (# Ĺ‹- Ĺ‹.)' ,6Ĺ‹ / .,)Ĺ‹ ' - -Ĺ‹* , Ĺ‹* (- ,Ĺ‹ (Ĺ‹ &Ĺ‹ Ĺ‹ } ĹŠ ĹŠÄ› 7b[cWd_W Z[Y_Z_h|
Wdj[i Z[ eYjkXh[ i_ WfeoW e de ÒdWdY_[hWc[dj[ [b fheo[Yje fWhW fh[i[hlWh bW h[i[hlW Z[b OWikd‡ i_d [nfbejWh iki oWY_# c_[djei f[jheb‡\[hei" i[]‘d
"#ĹŠ"¢+ 1#2ĹŠ#2ĹŠ+.ĹŠ _d\ehcÂŒ Wo[h bW `[\W Z[ bW Ye# 04#ĹŠ/("#ĹŠ !4 ".1ĹŠ c_i_ÂŒd d[]eY_WZehW [YkWje# "#ĹŠ!.-31( 4!(¢-ĹŠ (-3#1- !(.- +ĹŠ h_WdW" ?ledd[ 8Wa_$ / 1 ĹŠ-.ĹŠ#731 #1ĹŠ#+ĹŠ ;ijW [i bW fh_dY_fWb YedYbk# /#31¢+#.ĹŠ8ĹŠ#5(3 1ĹŠ i_ÂŒd gk[ ^W eXj[d_Ze [b [gk_# + ĹŠ#,(2(¢-ĹŠ"#ĹŠÄŒÄˆÄ‡ĹŠ ,(++.-#2ĹŠ"#ĹŠ3.-#Äą fe Z[ d[]eY_WY_ÂŒd [d 8[hb‡d" + " 2ĹŠ"#ĹŠ"(¢7(".ĹŠ "#ĹŠ! 1 .-.Ä“ĹŠ W ZedZ[ i[ ^W Z[ifbWpWZe Zk# hWdj[ [ijW i[cWdW fWhW cWd# Ä“ĹŠ ĹŠ1#2#15 ĹŠĹŠ 1! ŊĒđĉēćććŊ'#!3;1# 2ĹŠ"#ĹŠ+ ĹŠ!4#-! ĹŠ"#+ĹŠ +3.ĹŠ /.Ä“ j[d[h YedjWYjei Z_h[Yjei Yed c_[cXhei Z[b ;`[Ykj_le \[Z[# 7]h[]ÂŒ gk[ i[ [djh[l_ijÂŒ Yed h[kd_ÂŒd j[c|j_YW Z[djhe Z[ bW hWb" bei ]eX_[hdei h[]_edWb[i" [b i[Yh[jWh_e Z[ ;ijWZe Z[ 9eef[# WiWcXb[W ][d[hWb Z[ DWY_ed[i [cfh[iWh_ei o eh]Wd_pWY_ed[i hWY_ÂŒd" >Wdi#@”h][d 8[[h\[bjp" Kd_ZWi gk[ i[ lW W Z[Z_YWh Wb Y_l_b[i$ o gk[ b[ [djh[]ÂŒ f[hie# fheo[Yje [YkWjeh_Wde Z[ de [n# ÆBW lWbehWY_ÂŒd \_# dWbc[dj[ kd ZeYkc[dje fbejWh bei oWY_c_[djei f[jheb[hei ZedZ[ i[ WYbWhWd Y_[hjei Z[ bW h[i[hlW Z[b OWikd‡$ dWb [i fei_j_lWÇ" i[‹W# ĹŠ fkdjei ieXh[ bei gk[ 7b[# ;b i[Yh[jWh_e ][d[hWb Z[ bW bÂŒ 8Wa_" gk_[d YWb_Ă’YÂŒ Z[ Æ_dj[diWÇ bW W][dZW +ĹŠ/ 104#ĹŠ$4#ĹŠ cWd_W ^WX‡W f[Z_Ze c|i EDK" 8Wd A_#ceed" i[ ^W Yec# Z[ [dYk[djhei Z[ [ijei !1# ".ĹŠ#-ĹŠÄˆÄ’Ä?Ä’ĹŠ8ĹŠ _d\ehcWY_ÂŒd o i[ fbWdj[W# fhec[j_Ze Wdj[ ;YkWZeh W bbW# "#!+ 1 ".ĹŠ ‘bj_cei Y_dYe Z‡Wi o #2#15 ĹŠ 4-"( +ĹŠ XW kdW ^e`W Z[ hkjW fWhW [b cWh f[hiedWbc[dj[ W jeZei bei Z_e feh Z[ij[hhWZei bei "#ĹŠ+ ĹŠ (¢2$#1 ĹŠÄˆÄ‡ĹŠ `[\[i Z[ ;ijWZe Z[ bei fej[dY_W#  .2ĹŠ,;2ĹŠ3 1"#Ä“ fheo[Yje$ Z[i[dYk[djhei Wdj[h_e# BW `[\W Z[ bW Yec_i_ÂŒd b[i fW‡i[i ZedWdj[i" [djh[ bei d[]eY_WZehW W]h[]ÂŒ gk[ gk[ i[ [dYk[djhW bW YWdY_bb[h h[i Yed [b C_d_ij[h_e Z[ 9eef[hWY_ÂŒd" h[ifediWXb[ ‘b# ik eX`[j_le [i gk[ 7b[cWd_W Zƒ Wb[cWdW 7d][bW C[ha[b" fWhW j_ce Z[ ZWh bkp l[hZ[ Wb Wfeoe ik h[ifk[ijW Z[Ă’d_j_lW Wb fhe# ieb_Y_jWh ik fh[i[dY_W [d [b [d# Wb[c|d$ o[Yje [d i[fj_[cXh[" ZkhWdj[ bW Yk[djhe$
ĊēĎćć
* . ,)Ĺ‹+/# , Ĺ‹ Ĺ‹ / & Ĺ‹ (Ĺ‹& Ĺ‹ , -# ( # Ĺ‹ &Ĺ‹ ) # ,()
7 Ĺ? ĂĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
Ĉ
.2Ŋ2.!( +(23 2Ŋ#2/  .+#2Ŋ#+(%#-Ŋ'.8Ŋ Ŋ 24Ŋ! -"(" 3.Ŋ Ŋ+ Ŋ/1#2("#-!( ĔŊ#-Ŋ4-Ŋ ,Ĺ (#-3#Ŋ"#Ŋ/1.3#23 2Ŋ"#Ŋ+.2Ŋļ(-"(%- ".2ČēŊŊ
ĹŠ ĹŠ ĹŠ ĹŠ Ä› Bei ieY_Wb_ijWi [ifW‹eb[i Y[b[XhWd ^eo kdW h[# kd_ÂŒd Z[ ik c|n_ce ÂŒh]Wde Z[ Z_h[YY_ÂŒd fWhW Z[Ă’d_h bW ikY[# i_ÂŒd Z[ ik b‡Z[h" @eiƒ Bk_i He# Zh‡]k[p PWfWj[he" jhWi bW Yh_i_i WX_[hjW [ijW i[cWdW [d [b fWhj_# Ze W hW‡p Z[ bW Z[XWYb[ [b[YjehWb Z[b fWiWZe Zec_d]e$ ;b fh[i_# Z[dj[ Z[b =eX_[hde [ifW‹eb oW j_[d[ W ik YWdZ_ZWje0 7b\h[Ze Fƒh[p HkXWbYWXW$ PWfWj[he ^W f[Z_Ze W bW ;`[Ykj_lW <[Z[hWb Z[b FWhj_Ze IeY_Wb_ijW EXh[he ;ifW# ‹eb FIE; gk[ fhefed]W Wb gk[ ^eo [d Z‡W [i [b l_Y[fh[i_Z[dj[ fh_c[he o c_d_ijhe Z[b ?dj[h_eh$ FWhW ĂˆPFÉ" Yece i[ be YedeY[ [d bW f[d‡dikbW Wb fh[i_Z[dj[" Hk# XWbYWXW [i Æik YWdZ_ZWje" [b c[# `eh fei_Xb[Ç$
1.3#23 2ĹŠ
C_[djhWi jWdje" [b cel_c_[dje Z[ bei Ăˆ?dZ_]dWZeiÉ i_]k[ YWkiWdZe [ijhW]ei" [ijW l[p [d 8WhY[bedW$ C|i Z[ kd Y[dj[dWh Z[ f[hiedWi h[ikbjWhed ^[h_ZWi" [d ik cWoeh‡W b[l[i" ZkhWdj[ [b Z[iWbe`e feb_Y_Wb" feh cej_lei Z[ Æ^_]_[d[Ç" Z[ bei `ÂŒl[d[i Æ_dZ_]dWZeiÇ gk[ f[hcW# d[Y[d WYWcfWZei [d bW Yƒdjh_YW FbWpW Z[ 9WjWbk‹W dehe[ij[ Z[ ;ifW‹W Z[iZ[ ^WY[ Zei i[cWdWi$ ;ij[ cel_c_[dje i[ YedleYÂŒ Z[i# Z[ CWZh_Z fWhW fhej[ijWh YedjhW bW l_[`W feb‡j_YW" bW ][ij_ÂŒd [YedÂŒ# c_YW o bW bbWcWZW ĂˆB[o I_dZ[É" gk[ fhefed[ Y[hhWh o Yh_c_dWb_pWh bWi Z[iYWh]Wi Z[ cWj[h_Wb [d ?dj[hd[j$ Bei [gk_fei Z[ b_cf_[pW Z[b 7okd# jWc_[dje Z[ 8WhY[bedW j[d‡Wd _di#
-Ĺ‹ )( &/-#)( -Ĺ‹ &Ĺ‹ Ä‚
Ŋ Ŋ ěŊ BW 9kcXh[
Z[b =." gk[ W]bkj_dW W bei fW‡i[i c|i h_Yei Z[b ckdZe oW [c_j_ÂŒ iki fh_dY_fWb[i YedYbki_ed[i" gk[ WXehZWd j[cWi ieXh[ bWi h[lk[bjWi [d [b ckdZe |hWX[" bbWcWZWi jWcX_ƒd ĂˆFh_cWl[hW Ă›hWX[É o Ă›\h_YW$ ;b ]hkfe Æh[ifWbZW [dƒh# ]_YWc[dj[ bWi Wif_hWY_ed[i Z[ bW ĂˆFh_cWl[hW Ă›hWX[É" Wi‡ Yece bWi Z[b fk[Xbe _hW# d‡$ 7feoWcei bW jhWdi_Y_ÂŒd Z[ceYh|j_YW gk[ \Wleh[pYW bWi h[\ehcWi [d cWj[h_W Z[ ]eX[hdWdpWÇ" h[pW [b ZeYk# c[dje Ă’dWb$ 7Z[c|i" _dl_# jWd W bWi _dij_jkY_ed[i Ă’dWd# Y_[hWi _dj[hdWY_edWb[i o W bWi _dij_jkY_ed[i Z[ bWi DWY_e# d[i Kd_ZWi YedY[hd_ZWi" Wi‡ Yece Wb i[Yjeh fh_lWZe o W bW ieY_[ZWZ Y_l_b W jhWXW`Wh [d [b cWhYe Z[ [ijW _d_Y_Wj_lW$
Ä 4(_-ĹŠ#2ĹŠ 4 +! Ä&#x; ĹŠĹŠ +$1#".ĹŠ _1#9ĹŠ 4 +! ĹŠ++#%¢Ŋ ĹŠ Ĺ—#-ĹŠÄˆÄ’Ä‘Ä‰Ä”ĹŠ 24,(¢Ŋ! 1%.2ĹŠ1#+ !(.- ".2ĹŠ
!.-ĹŠ+ ĹŠ4-(5#12(" "ĹŠ8ĹŠ+ ĹŠ#"4! !(¢-Ä“ĹŠ -ĹŠÄˆÄ’Ä‘Ä‘ĹŠ$4#ĹŠ #!1#3 1(.ĹŠ"#ĹŠ 23 ".ĹŠ"#ĹŠ "4! !(¢-ĹŠ8ĹŠ#-31#ĹŠÄˆÄ’Ä’Ä‰ĹŠ8ĹŠÄˆÄ’Ä’ÄŠĹŠ$4#ĹŠ (-(231.ĹŠ"#ĹŠ "4! !(¢-ĹŠ8ĹŠ (#-!( Ä“ 1 2ĹŠ+ 2ĹŠ#+#!!(.-#2ĹŠ"#ĹŠÄˆÄ’Ä’ÄŠÄ”ĹŠ#+ĹŠ/1#2(Äą "#-3#ĹŠ"#+ĹŠ . (#1-.ĔŊ #+(/#ĹŠ .-9;+#9ĔŊ+#ĹŠ #-! 1%¢Ŋ#+ĹŠ,(-(23#1(.ĹŠ"#ĹŠ+ ĹŠ 1#2("#-!( ĹŠ 8ĹŠ"#ĹŠ #+ !(.-#2ĹŠ!.-ĹŠ+ 2ĹŠ .13#2ĔŊ".-"#ĹŠ /#1, -#!(¢Ŋ31#2ĹŠ  .2Ä“ĹŠĹŠ 1 2ĹŠ+ ĹŠ"#11.3 ĹŠ 2.!( +(23 ĹŠ#-ĹŠ+ 2ĹŠ#+#!!(.-#2ĹŠ"#ĹŠÄˆÄ’Ä’Ä?ĔŊ 4 +! ĹŠ$4#ĹŠ#+#%(".ĹŠ"(/43 ".ĹŠ/.1ĹŠ "1("Ä“ĹŠ -ĹŠ#+ĹŠ!.-%1#2.ĹŠ2.!( +(23 ĔŊ#-ĹŠ#+ĹŠ04#ĹŠ
.2_ĹŠ 4(2ĹŠ ."1~%4#9ĹŠ / 3#1.ĹŠ$4#ĹŠ #+#%(".ĹŠ-4#5.ĹŠ2#!1#3 1(.ĹŠ%#-#1 +ĹŠ"#+ĹŠ ĔŊ 4 +! ĹŠ#-31¢Ŋ ĹŠ$.1, 1ĹŠ/ 1Äą 3#ĹŠ"#+ĹŠ .,(3_ĹŠ #"#1 +ĹŠ"#+ĹŠ/ 13(".Ä“ĹŠ -ĹŠ ĉććđŊ.!4/¢Ŋ#+ĹŠ! 1%.ĹŠ"#ĹŠ (-(231.ĹŠ"#ĹŠ -3#1(.1ĹŠ8ĹŠ#-ĹŠÄ‰Ä‡ÄˆÄ‡ĹŠ3 , (_-ĹŠ 24,(¢Ŋ+ ĹŠ 5(!#/1#2("#-!( ĹŠ/1(,#1 ĹŠ8ĹŠ+ ĹŠ5.!#1~ ĹŠ "#+ĹŠ . (#1-.Ä“ĹŠ 2ĹŠ'(-!' ĹŠ ĹŠ,4#13#ĹŠ "#+ĹŠ # +ĹŠ "1("ĹŠ8ĹŠ#2ĹŠ1#!.-.!(".ĹŠ/.1ĹŠ + ĹŠ2.!(#" "ĔŊ%1 !( 2ĹŠ ĹŠ24ĹŠ31 ).ĹŠ#-ĹŠ !.-31 ĹŠ"#+ĹŠ3#11.1(2,.ĹŠ"#ĹŠ Ä“
jhkYY_ed[i Z[ h[j_hWh eX`[jei iki# Y[fj_Xb[i Z[ i[h kj_b_pWZei [d YWie Z[ gk[ i[ fheZkpYWd Z_ijkhX_ei cW‹WdW jhWi bW Ă’dWb Z[ bW B_]W Z[ 9Wcf[ed[i [djh[ [b <9 8WhY[bedW o [b CWdY^[ij[h Kd_j[Z$ Feh ik fWhj[" [b =eX_[h# de h[]_edWb Z[ CWZh_Z ieb_Y_# jÂŒ Wb C_d_ij[h_e Z[b ?dj[h_eh [b Z[iWbe`e _dc[Z_Wje Z[b YWcfW#
ēŊ +Ŋ5(!#/1#2("#-3#Ŋ/1(,#1.Ŋ8Ŋ,(-(231.Ŋ"#+Ŋ -3#1(.1ĔŊ +$1#".Ŋ _1#9Ŋ 4 +! ĔŊ"41 -3#Ŋ4- Ŋ14#" Ŋ"#Ŋ/1#-2 ē
c[dje _dijWbWZe [d bW Fk[hjW Z[b Ieb" Wb Yedi_Z[hWh gk[ be gk[ [cf[pÂŒ i_[dZe kdW fhe# j[ijW Z[ Y_kZWZWdei Æ_dZ_]# dWZeiÇ [ij| ÆZ[][d[hWdZe Z[ cWd[hW ZhWc|j_YW [d kd Wi[djWc_[dje fh|Yj_YWc[dj[ Y^WXeb_ijW ikXkhX_e Z[ l_# l_[dZWi h[Wb_pWZWi Yed cW# j[h_Wb[i Z[ XW`W YWb_ZWZ Ç$ 7/#!3 3(5 ĹŠ
C_[djhWi" [d bW i[Z[ Z[ <[hhWp Y[djhWb Z[b FIE; [d CWZh_Z XkiYWd kdW iWb_ZW fWhW jhWjWh Z[ h[Ykf[hWh [d Wb]e ik fh[ij_]_e dWY_edWb o de ik\h_h [b c_ice YWij_]e Y_kZWZWde Yece [b Z[b fW# iWZe Zec_d]e" YkWdZe [d bWi [b[YY_ed[i ckd_Y_fWb[i
-$.1,#ĹŠÄƒ- +ĹŠ .1ĹŠ3#, 2ĹŠ
( ( ÄĄ 7(%(,.2ĹŠ#+ĹŠ!#2#ĹŠ(-,#"( 3.ĹŠ"#+ĹŠ42.ĹŠ"#ĹŠ+ ĹŠ$4#19 ĹŠ!.-31 ĹŠ+.2ĹŠ!(5(+#2ĹŠ/.1ĹŠ/ 13#ĹŠ"#+ĹŠ1_%(,#-ĹŠ +( (.Ä“ĹŠ " ÄƒĹŠ(-!4,/+(¢Ŋ24ĹŠ1#2/.-2 (+(" "ĹŠ"#ĹŠ/1.3#%#1ĹŠ ĹŠ+ ĹŠ/. + !(¢-ĔŊ"# #ĹŠ(12#Ģē (1( ÄĄ + , ,.2ĹŠ ĹŠ+.2ĹŠ"(1(%#-3#2ĹŠ2(1(.2ĹŠ ĹŠ!#2 1ĹŠ#+ĹŠ42.ĹŠ"#ĹŠ+ ĹŠ$4#19 ĹŠ8ĹŠ+ ĹŠ(-3(,(" !(¢-ĹŠ!.-31 ĹŠ24ĹŠ /4# +.ĹŠ8ĹŠ ĹŠ1#2/.-"#1ĹŠ ĹŠ242ĹŠ#7(%#-!( 2ĹŠ+#%~3(, 2ĹŠ"#ĹŠ+( #13 "ĹŠ"#ĹŠ#7/1#2(¢-ĔŊ"#ĹŠ"#1#!'.2ĹŠ8ĹŠ"#ĹŠ 2/(1 !(.-#2ĹŠ4-(5#12 +#2ĔŊ! 2.ĹŠ!.-31 1(.ĔŊ#234"( 1#,.2ĹŠ.31 2ĹŠ,#"(" 2Ģē ĹŠ 21 #+ĹŊ +#23(- ÄĄ 7/1#2 ,.2ĹŠ!.-ĹŠ$4#19 ĹŠ-4#231.ĹŠ /.8.ĹŠ ĹŠ+ ĹŠ!.-!#/!(¢-ĹŠ"#ĹŠ+ ĹŠ/ 9ĹŠ(21 #+.Äą/ +#23(- ĹŠ#-4-Äą !( " ĹŠ/.1ĹŠ#+ĹŠ/1#2("#-3#ĹŠ , ĹŠ#+ĹŠÄˆÄ’ĹŠ"#ĹŠ, 8.Ä“ĹŠ +ĹŠ,.,#-3.ĹŠ"#ĹŠ1#3., 1ĹŠ#+ĹŠ/1.!#2.ĹŠ"#ĹŠ/ 9ĹŠ #2ĹŠ '.1 Ģē
/¢-ĹŠ8ĹŠ#-#1%~ ĹŠ-4!+# 1 ÄĄ #-#,.2ĹŠ/+#- ĹŠ!.-ă -9 ĹŠ#-ĹŠ+ ĹŠ! / !(" "ĹŠ"#ĹŠ+ 2ĹŠ 43.1(" "#2ĹŠ) /.-#2 2ĹŠ"#ĹŠ#-$1#-3 1ĹŠ#+ĹŠ "#2 $~.Ä“ĹŠ #,.2ĹŠ!.,/1. ".ĹŠ+ ĹŠ-#!#2(" "ĹŠ"#ĹŠ!.-3#,/+ 1ĹŠ4-ĹŠ1#$4#19.ĹŠ"#ĹŠ+ ĹŠ .-5#-!(¢-ĹŠ 2. 1#ĹŠ+ ĹŠ #%41(" "ĹŠ 4!+# 1ĔŊ 2~ĹŠ!.,.ĹŠ4- ĹŠ,#).1~ ĹŠ"#ĹŠ+ 2ĹŠ1#%+ 2ĹŠ8ĹŠ-.1, 2ĹŠ"#ĹŠ2#%41(" "ĹŠ -4!+# 1Ģē 1;ÄĄ + , ,.2ĹŠ ĹŠ+ 2ĹŠ 43.1(" "#2ĹŠ(1 -~#2ĹŠ ĹŠ"#) 1ĹŠ"#ĹŠ1#/1(,(1ĹŠ ĹŠ24ĹŠ/4# +.ĹŠ8ĹŠ ĹŠ1#2/#3 1ĹŠ242ĹŠ!.,Äą /1.,(2.2ĹŠ(-3#1- !(.- +#2Ģē -3#1-#3Ä– ÄĄ .2ĹŠ'#,.2ĹŠ/4#23.ĹŠ"#ĹŠ !4#1".ĹŠ#-ĹŠ 24-3.2ĹŠ!.,.ĹŠ+ ĹŠ+( #13 "ĔŊ#+ĹŠ1#2/#3.ĹŠ"#ĹŠ+ ĹŠ5(" ĹŠ/1(5 " ĹŠ 8ĹŠ+ ĹŠ/1./(#" "ĹŠ(-3#+#!34 +ĔŊ+ ĹŠ%. #1- -9 ĹŠ#-31#ĹŠ5 1( 2ĹŠ/ 13#2ĔŊ+ ĹŠ!( #12#%41(" "ĹŠ8ĹŠ+ ĹŠ/1.3#!Äą !(¢-ĹŠ!.-31 ĹŠ+ ĹŠ!1(,(- +(" "Ģē !.-.,~ Ä– ÄĄ 23 ,.2ĹŠÄƒ1,#,#-3#ĹŠ!.-5#-!(".2ĹŠ"#ĹŠ04#ĹŠ#+ĹŠ!1#!(,(#-3.ĹŠ2.23#-( +#ĹŠ!.-23(348#ĹŠ4-ĹŠ#+Äą #,#-3.ĹŠ(-"(2/#-2 +#ĹŠ/ 1 ĹŠ% 1 -3(9 1ĹŠ4-ĹŠ!1#!(,(#-3.ĹŠ,4-"( +ĹŠ"41 "#1.ĔŊ#-ĹŠ/ 13(!4+ 1ĹŠ/ 1 ĹŠ /1.,.5#1ĹŠ+ ĹŠ#ă! !( ĹŠ"#ĹŠ+.2ĹŠ1#!412.2Ģē
o h[]_edWb[i f[hZ_[hed \[kZei ^_ijÂŒh_Yei" Yece [b =eX_[hde Z[ 9Wij_bbW#BW CWdY^W o Y_kZW# Z[i Yece I[l_bbW o 8WhY[bedW$ BW [ijhWj[]_W [i YbWl[" fk[i i[
Wl[Y_dWd bWi fhŒn_cWi [b[YY_ed[i ][d[hWb[i Z[ (&'($ I[]‘d \k[dj[i ieY_Wb_ijWi" bW feijkbWY_Œd Z[ HkXWb# YWXW j_[d[ Wfeoe Z[djhe Z[b fWhj_Ze o fheo[YY_Œd W d_l[b [b[YjehWb$
ĉ
ĒĊĐĦćććēććć ũ
ũ : ũ ĸ ^ Ĺ
#23 1;-ũ2. 1#ũ#+ũ!_2/#"ũ"#ũ #, +#8
ĉćũ
ũĥ
7 ŏ 7 Ăĉŏ ŏ ŏ ŏĂĀāā Ăĉŏ ŏ ŏ ŏĂĀāā
ŏ +. Čŏ
ũ (% ũ"#ũ ,/#.-#2ũ#2ũ#+ũ3.1-#.ũ#41./#.ũ" + ũ -(¢-ũ"#ũ 2.!( !(.-#2ũ"#ũ Ì3 .+ũ 41./# 2 4#ũ!1# " ũ#-ũĈĒĎĎēũ ũ ./ ũ' ũ3#-(".ũ". "#2"#ũ+ ũ3#,/.1 " ũĈĒĎĎĵĎďũ' 23 ũ+ ũ3#,/. 43.1(9¢ũ +ũ # +ũ "1("ũ04#" 12#ũ#-ũ/1./(#" #-ũ+.2ũ.1~%#-#2ũ"#ũ+ ũ!.,/#3(!(¢-ē ũ/ 13(1ũ"#ũ+ ũ3#,/.1 ".ũ/.1ũ4- ũ!./ ũ"#ũ/+ 3 "#+, --ũ"#ũĐČũ *(+.2ũ"#ũ/#2.ēũũ 23 ,#-3#ũ!.-.!(". #-ũ 2/ ũ#ũ (2 "# (".ũ ũ+ 2ũ%1 /.2##ēũ
ũ ũ ĸ Ĺ
ũ ũ ũ ĸ Ĺ
Ďĉũ
ũ
ĉďũ
/1#-"(¢ũ ũ2#1ũ#04(/.ũ +ũ!4 "1.ũ(-%+_2ũ++#% ũ ũ #, +#8ũ!.-ũ#+ũ"#2! -2.ũ04#ũ +#ũ" -ũ)4% ".1#2ũ!.,.ũ +#-!( ũ8ũ #1-;-"#9ē
ũ+ ũă- + Ĉ1 ũ$ 2#ũĸ 14/.ũ Ĺ
- ı + 2%.6ũ +#-!( ı - ũũũũũũũũũũũũũũũũũ - ı 412 2/.1ũũũũũũũũũũũũũũũũ
!3 5.2ũ"#ũă- +
+8,/(04#ũ 12#++ ı - ũ - ı +ē 12#++ ũ
4 13.2ũ"#ũă- + '#+2# ı - ũ - ı '#+2# ũ
#,(ă- +#2
!' +*#ũćČı -ũ ũ - ı !' +*#ũćČũ
BW cWhY^W Z[ 9h_ij_Wde HedWbZe Wb CWZh_Z \eh# p W <[h]kiied o Wb ÈKd_j[ZÉ W Wfh[dZ[h W c_hWh c|i Wbb| Z[ bW [ijh[bbW fehjk]k[iW" [`[ Z[ jeZe o Wkj dj_Ye ÈH[o IebÉ Z[b ]hkfe$ Ûb[n <[h]kied be]h h[f[diWh kd Yed`kdje gk[ W^ehW [i kd Xbegk[ ieb_ZWh_e o [djh[]WZe W ik YWkiW$ H[\kdZ Z[iZ[ Y[he bW c[djWb_ZWZ Z[ kd Xbegk[ W^ehW c|i kd_Ze o Yecf[d[jhWZe" XW`e [b Yh[Ze Z[b iWYh_ÒY_e o bW [djh[]W Yeb[Yj_# lW" i_d [ijh[bbWi gk[ cedefeb_Y[d Wb ]hkfe$ 9h_ij_Wde o [b Wh][dj_de 9Whbei J l[p ^Wd ZWZe fWie W È9^_Y^Wh_jeÉ >[hd|dZ[p" h[l[bWY_ d Z[ bW Fh[c_[h" o Wb [YkWjeh_Wde 7djed_e LWb[d# Y_W$ Feh ik fWhj[" DWd_ o MWodd[
ćıćũ8ũĈıć ćıĈũ8ũĈıĈ Ĉıćũ8ũĊıć ćıć ĉıĈũ ũćıĈũ ũĉıĈũ ćıĉũ ũČıĈũũ
Heed[o i[ ^Wd b_X[hWZe Yed bW cWhY^W Z[b feh# jk]k i" o [b _dYecXkij_Xb[ HoWd =_]]i i[ ^W Yedl[hj_Ze [d [b c[`eh _dj hfh[j[ Z[ bW dk[lW Y_[dY_W Z[b jWd l[d[hWZe Yece feb c_Ye j Y# d_Ye [iYeY i$ >eo" [b [gk_fe gk[ Yedgk_ij ik fh_c[hW 9efW Z[ ;khefW [d M[cXb[o [d '/,." Xki# YW Z[ ik YkWhjW 9^Wcf_edi$ FWhW [ij[ Z W" [b j Yd_Ye [iYeY i fWh[Y[ ^WX[h jecWZe dejW Z[ bW Z[hhejW Z[ &/ Wdj[ bei [ifW e# b[i o [i fheXWXb[ gk[ _dj[dj[ YebWfiWh W iki h_lWb[i [d bW c[ZkbWh fWhW Yed# jhWhh[ijWh ik ikf[# h_eh_ZWZ j Yd_YW$
:+#7ũ #1%42.-ũ ũũũ +#5 ũĉĎũ .2ũ +ũ$1#-3#ũ"#+ũ -!'#23#1ũ -(3#"ēũ .-ũ_+ũ#-ũ#+ũ ŗ -04(++.Ĕũ+.2ũĥ ( +.2ũ .).2Ħũ' ũ. 3#-(".ũ.-!#ũ! ,/#.- 3.2ũ
Ėũ ũ ũ ũ ũ Ĕũ ũ
+(%4#1.2ũ8ũ".2ũ3~34+.2ũ#41./#.2ē -ũĈĒĒĒũ2#ũ!.-5(13(¢ũ#-ũ#+ũÌ-(!.ũ #-31#- ".1ũ#-ũ. 3#-#1ũ#-ũ4-ũ,(2,.ũ .ũ8ũ!.-ũ4-ũ#04(/.ũ 1(3;-(!.ũ 1#,(#1ũ
# %4#Ĕũ ũ 4/ũ8ũ ' ,/(.-2ėũ 2(,(2,.Ĕũ #2ũ#+ũÌ-(!.ũ#-31#- ".1ũ04#ũ2#ũ' ũ(,/4#23.ũ#-ũ + ũ ũ 4/ũ#-ũ!(-!.ũ.! 2(.-#2Ĕũ 2~ũ!.,.ũ#+ũÌ-(!.ũ 3_!-(!.ũ#-ũ. 3#-#1ũ+ ũ 1#,(#1ũ!.-ũ#+ũ,(2,.ũ#04(/.ũ#-ũ 31#2ũ.! 2(.-#2ũ!.-2#!43(5 2ē ũ242ũďČũ .2Ĕũ#+ũ3_!-(!.ũ#2!.!_2ũ#2ũ!.-2("#1 ".ũ4-.ũ"#ũ+.2ũ,#).1#2ũ1#!+43 ı ".1#2ũ"#ũ3 +#-3.2ũ/ 1 ũ#+ũ!4 "1.ũ(-%+_2ēũ -31#ũ#2.2ũĥ"#2!4 1(,(#-3.2Ħũ2#ũ#-!4#-31 ũ -3.-(.ũ +#-!( Ĕũ04(#-ũ!.-2("#1 ũ04#ũ #1%42.-ũ$4#ũ$4-" ,#-3 +ũ#-ũ24ũ1#!4/#1 ı !(¢-ũ"#2/4_2ũ"#ũ+ ũ". +#ũ$1 !341 ũ"#ũ3( ( ũ8ũ/#1.-_ũ04#ũ24$1(¢ē
: Ėũ ũ ĖũĈĊĖČĎũ
¡ ĖũĈđĐđũĸĈĊĊũ Ĺũũķũ ũ Ėũď
ĈĒ
ũ
ĈĈ
ũ ũ
Ċ
ũ ĸĈĒďđĔũĈĒĒĒĔũ ĉććđĹ
Ĉ
Ĉ
ũ ũ ũ
ĖũĎČĒĔđũ,(++.-#2ũ"#ũ#41.2 ũ ĖũĊđĐĔĉũ,(++.-#2ũ"#ũ#41.2ũ
ũ ũ ĸ Ĺ Ĉććũ
Ħũ
7 ŏ 7 Ăĉŏ ŏ ŏ ŏĂĀāā Ăĉŏ ŏ ŏ ŏĂĀāā
ŏ +. Čŏ Čŏ
+ũ,;2ũ(,/.13 -3#ũ-(5#+ũ"#ũ!+4 #2ũ.1% -(9 ".ũ/.1ũ Ĺē .2ũ"($#1#-3#2Ėũ+ ũ/1(,#1 ũ5#12(¢-ũ$4#ũ#-31#% " ũ ďĎĵďďēũ -ũ, 19.ũ"#ũĈĒďĐĔũ#+ũ .,(3_ũ )#!43(5.ũ /1(,#1ũ31.$#.ũ04#ũ$4#ũ".- ".ũ/.1ũ#+ũ"( 1(.ũ Ħ#04(/#ũ
Ċ
^ ũ ũ ĸ Ĺũ
ďĵďĐũ#+ũ31.$#.ũ$4#ũ2423(34(ı " ũ/.1ũ#+ũ24(9.ũ ¨1%ũ #31.2ũ"#ũ +341 ũ8ũđũ +.ũ#2ũ/./4+ 1ı ũĥ 1#).- Ħũ ,_1(! ũ 2 2ũ04#ũ
ďćũ
ũ : ũ ĸ Ĺ Ďćũ
(-3#+(%#-3#ũ/.1ũ242ũ$(%41 2
.2ũ#2/ .+#2ũ++#% -ũ!.-ũ4- ũ1#! 1% ũ"#ũ3.1-#.2Ĕũ/#1.ũ !.-ă ".2ũ#-ũ+ ũ! / !(" "ũ(-"(5("4 +ũ"#ũ242ũ#231#++ 2ē
Bei Wpkb]hWdWi j_[d[d jeZe ik [gk_fe Z_ifed_# Bei Wpkb]hWdWi j_[d[d jeZe ik [gk_fe Z_ifed_ Xb[ [d [b cec[dje Z[Y_i_le$ Bb[]Wd Yed [b h[ Xb[ [d [b cec[dje Z[Y_i_le$ Bb[]Wd Yed [b h[# Yk[hZe Z[ bW fh_c[hW 9efW Z[ ;khefW b[lWdjWZW [d [b Wdj_]ke M[cXb[o" YkWdZe =kWhZ_ebW \ehcWXW fWhj[ Z[b Y b[Xh[ [gk_fe Z_h_]_Ze feh 9hkoõ$ >eo [i kd [gk_fe Z_\[h[dj[ Z[b gk[ b[ ]Wd Wb CWdY^[ij[h [d (&&/$ ;b j Yd_Ye ÈWpkb]hWdWÉ Z[# Wb CWdY^[ij[h [d (&&/$ ;b j Yd_Ye ÈWpkb]hWdWÉ Z[ Y_Z_ WYjkWb_pWh Wgk[b i_ij[cW fhe]hWcWZe fWhW Z[lWijWh h YehZi" fh[iY_dZ_[dZe Z[b YWc[hkd i IWck[b ;jeÉe" Z[ HedWbZ_d^e o Z[ PbWjWd ?XhW^_# IWck[b ;jeÉe" Z[ HedWbZ_d^e o Z[ PbWjWd ?XhW^_ cel_Y$ =WhZ_ebW Z[Y_Z_ h[Yecfed[h ik _Z[Wh_e o WfeijWh feh kdW ckjWY_ d j|Yj_YW XWiWZW [d [b \Wbie Èdk[l[É$ Bei +( ]eb[i o (+ Wi_ij[dY_Wi Z[b Wh][dj_de B_ed[b C[ii_ ied
bW c|n_cW [nfh[i_ d Z[b n_je Z[ [i[ fbWd$ 9ed ?XhW^_cel_Y b[`ei Z[b 9Wcf Dek o Yed C[ii_ Yece c|n_cW [ijh[bbW" ÈF[fÉ Wi[]khW gk[ Æ[dl[`[Y[h i[ bb[lW c[`eh Wb bWZe Z[ [ijei `k]WZeh[iÇ$ F[i[ W [bbe" 8WhY[bedW bb[]W Yed c|i c_dkjei [d bWi f_[hdWi gk[ ik h_lWb" f[he Yfd bW YedÒWdpW Z[ iWYWh [b c|n_ce h[dZ_c_[dje Yed [b c[deh jhWXW`e fei_Xb[$ ÆBei `k]WZeh[i Z[b 8WhY[bedW ^Wd ik\h_Ze fWh# j_Zei cko Zkhei" feh [`[cfbe" [d i[c_ÒdWb[i Z[ È9^Wcf_ediÉ H[Wb CWZh_Z $ ;iei fWhj_Zei fWiWd ckY^ i_cW \WYjkhWÇ" WZl_[hj[ [b fh[fWhWZeh \ i_Ye YWjWb|d @kWd <[hhWdZe" gk_[d _dY_Z[" WZ[c|i" [d [b Z[i]Wij[ gk[ ckY^ei Z[ [bbei WhhWijhWd Æde oW Z[i# Z[ [b CkdZ_Wb (&'& " i_de Z[iZ[ bW ;kheYefWÇ$
ũ+ ũă- + Ĉ1 ũ$ 2#ũĸ 14/.ũ Ĺ
1!#+.- ı - 3'(- (*.2ũ 4 (-ũ 9 -ı 1!#+.- ũ 1!#+.- ı ./#-' %4#ũũ
ĎıĈũ8ũĊıć ĈıĈũ8ũĉıć ĉıćũ8ũĈıĈ
!3 5.2ũ"#ũă- + 12#- +ı 1!#+.- ũ 1!#+.- ı 12#- +ũ
4 13.2ũ"#ũă- +ũ
1!#+.- ı ' *3' 1ũ .-#32*ũ ' *3' 1ũ .-#32*ı 1!#+.- ũ
#,(ă- +
# +ũ "1("ı 1!#+.- ũ 1!#+.- ı # +ũ "1("ũ
ũĉıĈũ ĊıĈũ ĎıĈũ ćıĈũ ũćıĉũ ĈıĈũ
.2#/ũ 4 1"(.+ ŗũũũ -31#- ".1ũ"#+ũ 1!#+.- Ĕũ#2ũ#+ũÌ+3(,.ũ!.,/.-#-3#ũ"#+ũ2#+#!3.ũ%14/.ũ"#ũ! ,ı /#.-#2ũ"#ũ+ ũ ./ ũ"#ũ 41./ ũ04#ũ' ũ!.-2#%4(".ũ#+ũ,;7(,.ũ!#31.ũ!.-3(-#-3 +ũ
ũ ũ ũ ũũ666ē+ '.1 ē!.,ē#!
!.,.ũ)4% ".1ũ8ũ3_!-(!.ē 4 1"(.+ Ĕũ! ,/#¢-ũ#-ũ #, +#8ũĈĒĒĉũ!.,.ũ )4% ".1Ĕũ8ũ#-ũ+ ũ3#,/.1 " ũĉććđıćĒũĸĉıćũ$1#-3#ũ +ũ -!'#23#1ũ -(3#"Ĺũ!.,.ũ3_!-(!.Ĕũ3(#-#ũ+ ũ/.2( (+(ı " "ũ"#ũ 4,#-3 1ũ24ũ'(23.1( +ũ8ũ!.-04(23 1ũ24ũ2#%4-" ũ ĥ ' ,/(.-2Ħũ!.,.ũ#-31#- ".1ēũ .,.ũ$43 .+(23 Ĕũ)4% ũ"#ũ!#-31.! ,/(23 ũ8ũ"#2 11.++¢ũ + ũ, 8.1ũ/ 13#ũ"#ũ24ũ! 11#1 ũ/1.$#2(.- +ũ#-ũ#+ũ 1!#+.- ũ"41 -3#ũ +.2ũ .2ũĒćēũ #2"#ũ)4+(.ũ"#ũĉććđũ#2ũ#+ũ#-31#- ".1ũ"#+ũ#04(/.ũ 94+%1 - Ĕũ!.-ũ#+ũ04#ũ' ũ !.-04(23 ".Ĕũ"#ũ, -#1 ũ!.-2#!43(5 Ĕũ+.2ũ2#(2ũ3~34+.2ũ ũ+.2ũ04#ũ 2/(1 ũ#+ũ#04(/.ũĸ+ ũ ./ ũ"#+ũ #8Ĕũ#+ũ3~34+.ũ"#ũ (% Ĕũ+ ũ (% ũ"#ũ ,/#.-#2ũ"#ũ+ ũ Ĕũ+ ũ 4/#1!./ ũ"#ũ 2/ Ĕũ+ ũ 4/#1!./ ũ "#ũ 41./ ũ8ũ#+ũ 4-"( +ũ"#ũ +4 #2ũı -3#2Ĕũ ./ ũ -3#1!.-3(-#-3 +ıĹēũ
ũĸ } Ĺ ũ ũ
¡ ĖũĈđĒĒũĸĈĈĈũ Ĺũũũķũũ ũũ Ėũĉ
ĉĈ
ũ ũ
ĉĎ
ũ ũ ũ
Ċ
ũ ĸĈĒďđĔũĈĒĒĒĔũ ĉććđĹ
Č
Ĉ
ũ ũ ũ
§ Ä Ä€
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
7 Ĺ?ĂĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?Ĺ?
ļ !.-.ČŊ "#+Ŋ!¢,(!
ĹŠ
-ĹŠ ĹŠ .,(!2ĹŠ24ĹŠ3 +#-3.ĹŠ+#ĹŠ"(.ĹŠ4- ĹŠ -4#5 ĹŠ/(-3 ĹŠ ĹŠ+.2ĹŠ24/#1'_1.#2ĹŠ!+;2(!.2ĹŠ !.,.ĹŠ 3, -ĹŠ8ĹŠ 4/#1, -Ä“
ĹŠ !(,(#-3.Ä–ĹŠ #ĂŒ+ĹŠ ĸ .1# ĹŠ"#+ĹŠ 41ĚĔŊ #+ĹŠÄˆÄˆĹŠ"#ĹŠ %.23.ĹŠ"#ĹŠ ĈĒÄ?ÄŒÄ“ĹŠ #2("#-!( Ä–ĹŠ 23 ".2ĹŠ -(".2ĹŠĹŠ "#2"#ĹŠ+.2ĹŠ!4 31.ĹŠ  .2ĹŠ"#ĹŠ#" "Ä“ĹŠ 1#!(¢Ŋ#-ĹŠ 3Ä“ĹŠ
.4(2Ŋĸ (22.41(Ěē 234"(.2ĖŊ #Ŋ , 31(!4+¢Ŋ#-Ŋ#+Ŋ !412.Ŋ/1#5(.Ŋ"#Ŋ ,#"(!(- Ŋ#-Ŋ+ Ŋ -(5#12(" "Ŋ"#Ŋ 1(-!#3.-ēŊ ++~Ŋ /#1, -#!(¢Ŋ "41 -3#Ŋ!4 31.Ŋ  .2ē
@_c B[[ [i kde Z[ bei Z_Xk`Wdj[i c|i fefkbWh[i o [n_jeiei Z[b YÂŒ# c_Y ceZ[hde o ik Wfe][e i[ Z_e [d bei W‹ei /&$ B[[ f[diÂŒ gk[ ik \kjkhe [ijWh‡W [d [b ckdZe Z[ bW c[Z_Y_dW o de [d [b Z[ bWi Whj[i$ JeZe [ie YWcX_ÂŒ [d '/., YkWdZe [djhÂŒ W kdW YbWi[ Z[ Whj[ gk[ b[ ^_pe h[dWY[h ik Wceh feh [b Z_Xk`e$ 9eh[Wde Z[ dWY_c_[dje f[he [ijWZekd_Z[di[ Z[iZ[ bei * W‹ei Z[ [ZWZ" @_c i_[cfh[ ceijhÂŒ hWi]ei Z[ Xk[d Z_Xk`Wdj[$ F[he Yedi[]k_h [b Wfeoe Z[ iki fWZh[i de \k[ jWh[W \|Y_b$ xb b[i fhec[# j_ÂŒ gk[ i[ Z[Z_YWh‡W iebe kd W‹e W _dj[djWh j[d[h ƒn_je$ I_ \hWYWiWXW o de [dYedjhWXW ik bk]Wh [d bW _dZkijh_W Z[b YÂŒc_Y" h[]h[iWh‡W W ik YWhh[hW Z[ cƒZ_Ye$ ;d kdW \[h_W Z[ YÂŒc_Yi [d Dk[# lW Oeha YedeY[ W 7hY^_[ =eeZ# m_d" gk_[d b[ bb[lW W CWhl[b$ Iki fh_c[hei jhWXW`ei Z[ _cfehjWdY_W bei h[Wb_pW [d bWi Yeb[YY_ed[i Ăˆ7b# f^W <b_]^jÉ e ĂˆFkd_i^[h MWh @ekh# dWbÉ$ ;b ]hWd fWie be ZWh‡W [d '//' YkWdZe i[ Yedl_[hj[ [d [b Ă“WcWd# j[ Z_Xk`Wdj[ o ]k_ed_ijW Z[ kdW dk[lW i[h_[ Z[ bei ĂˆN#C[dÉ" fWhW bW gk[ h[Z_i[‹W bei kd_\ehc[i Z[ bW
cWoeh fWhj[ Z[ bei c_[cXhei Z[b ]hkfe o Yh[W dk[lei f[hiedW`[i" Yece =|cX_je$
Ik Wc_]e HeX B_[\[bZ b[ WYecfW# ‹W [d ik h[]h[ie W CWhl[b" W^ehW i[ ^Wh|d YWh]e Z[b fheo[Yje Ăˆ>[# he[i H[XehdÉ" Yed [b YkWb jkl_[# hed kd cWhYWZe ƒn_je$ J_[cfe Z[ifkƒi" B[[ i[ [dYWh]W Z[ Yh[Wh bWi ^_ijeh_Wi fWhW bW dk[lW i[h_[ Z[ Ăˆ?hed CWdÉ o [i ]k_ed_ijW o Z_Xk`Wdj[ [d bW i[h_[ ĂˆBei YkW# jhe \Wdj|ij_YeiÉ$ BWi Zei ied kd ƒn_je jejWb o bW l[djW Z[ bWi i[h_[i
;d ĂˆM_bZijehcÉ de b[ lW X_[d o bW l[dZ[ W :9 9ec_Yi" ZedZ[ feh ik dWjkhWb jWb[dje fWiW W [dYWh# ]Whi[ Z[ Zei ^ƒhe[i gk[ cWhYW# h‡Wd ik l_ZW fWhW i_[cfh[$$$ 8Wj# cWd o Ikf[hcWd$ BW [djhWZW Z[ B[[ de feZ‡W i[h c|i Wkif_Y_eiW Wb h[jhWjWh bW ^_ijeh_W Z[ Ăˆ8WjcWd >ki^É" [iYh_jW feh @[f^ Be[X [d (&&)$ 7 [ijW b[ i_]k_ÂŒ [d (&&* ĂˆIkf[hcWd feh [b cW‹WdWÉ" [i# Yh_jW feh 8h_Wd 7ppWh[bbe" o Ăˆ7bb IjWh0 8WjcWd o HeX_dÉ" h[Wb_pWZW [d (&&+ feh <hWda C_bb[h$
Ä“ĹŠ +ĹŠ+#%#-" 1(.ĹŠ24/#1Äą '_1.#ĹŠ$4#ĹŠ"( 4) ".ĹŠ/.1ĹŠ ##ĹŠ#-ĹŠ+ ĹŠ2 % ĹŠ ÄĽ .1ĹŠ#+ĹŠ,  - ČĔŊ#-ĹŠÄ‰Ä‡Ä‡ÄŒÄ“
ēŊ .-Ŋ#+Ŋ/#12.- )#Ŋ "#Ŋ 3, -Ŋ31 )¢Ŋ+ Ŋ2#!4#+ Ŋļ 42'ČĔŊ #-ŊĉććĊēŊ
Â&#x; Ä“ĹŠ - ĹŠ"#ĹŠ+ 2ĹŠ! 1 !3#1~23(! 2ĹŠ"#ĹŠ ##ĹŠ#2ĹŠ24ĹŠ#-$.04#ĹŠ(--.5 ".1ĹŠ!.-ĹŠ +.2ĹŠ/#12.- )#2ĹŠ8ĹŠ#+ĹŠ"(2#Â .ĹŠ"#ĹŠ5#234 1(.Ä“ĹŠ 23.2ĹŠ2.-ĹŠ3(/.2ĹŠ"#ĹŠ31 )#2ĹŠ"#ĹŠ+ ĹŠ 4)#1ĹŠ 1 5(++ Ä“
+ĹŠ! ,(-.ĹŠ' !( ĹŠ+ ĹŠ(-"#/#-"#-!(
B[[ de i[ ck[ijhW Yed\ehc[ Yed bW feb‡j_YW Z[ Z[h[Y^ei Z[ Wkjeh Z[ CWhl[b o i[ kd[ W ejhei Z_# Xk`Wdj[i" Yed bei gk[ \kdZW bW YecfW‹‡W Ăˆ?cW][É$ 7bb‡ bWdpW bW i[h_[ ĂˆM_bZ9$7$J$iÉ gk[ cWdj_[d[ ^WijW bW WYjkWb_ZWZ$ BW jhWcW Z[ [ijW ^_ijeh_[jW Ă“kYj‘W [djh[ Zei hWpWi Wb_[d‡][dWi" gk[ i[ [d\h[d# jWd [d kdW ]k[hhW i[Yh[jW [d bW j_[hhW$ JhWi fWiWh lWh_ei W‹ei [d [ijW dk[lW [cfh[iW" B[[ i[ i[# fWhW Z[ Ăˆ?cW][É" Yh[WdZe [b i[bbe YedeY_Ze Yece ĂˆM_bZijehcÉ$ #ĹŠ54#+3 ĹŠ#-ĹŠ 15#+
ēŊ Ŋ/.13 " Ŋ"#Ŋ+ Ŋ/4 +(! !(¢-Ŋļ !.-2ČŊ04#Ŋ Ŋ .,(!2Ŋ/4 +(!¢Ŋ/ 1 Ŋ'.,#- )# 1+.ēŊŊ
h[l_[djW$ F[he [njhW‹Wc[dj[ Wb W‹e" B[[ lk[bl[ W ĂˆM_bZijehcÉ$
ĹŠ#1 ĹŠ ĹŠ .,(!2
7kdgk[ @_c B[[ WY[fjÂŒ kd fk[ije [Z_jeh_Wb [d :9 9ec_Yi" dkdYW i[ Wb[`ÂŒ Z[b YWhXÂŒd o bW j_d# jW o W _d_Y_ei Z[ (&'& i[ WdkdY_ÂŒ kd dk[le j‡jkbe c[dikWb" Ăˆ:Wha Ad_]^j0 8eo MedZ[hÉ" o W bW fWh i[ ceijhÂŒ Ykh_eie feh bW [nfbehWY_ÂŒd Z[ bWi lWh_WZWi fei_X_b_ZWZ[i gk[ e\h[Y[ bW [hW Z_]_jWb fWhW [b YÂŒc_Y$ ÄĽ !.-2ČĔŊ4- ĹŠ/4 +(! !(¢-ĹŠ#-ĹŠ24ĹŠ'.-.1
;ij[ b_Xhe h[l[bW [b _cfWYje gk[ ^W j[d_Ze B[[ [d [b kd_l[hie Z[ :9 9ec_Yi" _dYbko[dZe W f[hiedW`[i [ijh[bbWi Yece 8WjcWd" Ikf[h# cWd" BW Ck`[h CWhWl_bbW o B_dj[h# dW L[hZ[" [djh[ ejhei" gk[ fWiWhed feh bWi cWdei Z[b Z_Xk`Wdj[$
:[iZ[ bei jhWpei ^[Y^ei W b|f_p ^WijW bW _cW][d Ă’dWb Yebe# h[WZW" [ij[ b_Xhe ck[ijhW jeZei bei fWiei Z[b fheY[ie Yh[Wj_le Z[ B[[ o YkXh[ jeZW ik YWhh[hW [d :9" Yed Yec[djWh_ei [nYbki_lei Z[b Z_Xk`Wdj[$ JWcX_ƒd h[l[bW bW Z_l[hi_ZWZ Z[ c[Z_ei [d bei gk[ WfWh[Y[ [b Z_Xk`e Z[ B[[" gk[ lW c|i Wbb| Z[b YÂŒc_Y" o gk[ WXWhYW bWi Ă’]k# hWi" [b c[hY^WdZ_i_d]" bWi f[b‡# YkbWi o [b h[_de Z_]_jWb$ ;d Z[Ă’d_j_lW" Ăˆ?YediÉ h[‘d[ iki c[`eh[i Z_Xk`ei o Wb]kdWi _bkijhW# Y_ed[i dkdYW l_ijWi" iWYWZei Z[ iki WhY^_lei f[hiedWb[i" fWhW Wb[# ]h‡W Z[ ckY^ei \Wd|j_Yei$
ēŊ (,Ŋ ##Ŋ#-Ŋ4- Ŋ!.-5#-!(¢-Ŋ ".-"#Ŋ/1#2#-3 Ŋ24Ŋ'(23.1(#3 Ŋ"#Ŋ
(-3#1- ĹŠ #1"#Ä“
Ä Ä
ĹŠ
¢,.Ŋ#,/#9 1Ŋ4-Ŋ!.-!(#13.
@Wc_[ 9eeaa" Z[ bei 7hYj_Y Ceda[oi Z_`e0 Æ>WY[ feYe l_ W J^[ Ijhea[i [d [b CWZ_iied IgkWh[ =WhZ[d o i_c# fb[c[dj[ WhhWdYWhed [b YedY_[hje Yed bW fh_c[hW YWdY_ÂŒd Z[ ik fh_c[h Z_iYe" i_d fh[i_ed[i Z[ jeYWh fh_c[he iki ƒn_jei" i_cfb[c[dj[ WhhWdYWhed feh [b fh_dY_f_e" Yece Z[X[ i[hÇ$ BW XWdZW Xh_j|d_YW bWdpWh| ik Z_iYe ĂˆIkYa ?j 7dZ I[[É [d [b c[i Z[ `kd_e o oW [ij|d f[diWdZe [d kdW ]_hW fWhW fheceY_edWhbe$
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
7 Ĺ?ĂĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?Ĺ?
ĹŠ
) ĹŠ+.2ĹŠ/1#!(.2
ĹŠ ĹŠÄ› JhWi Z[ijhepWh
bW fbWjW\ehcW Z[ bW [c# fh[iW Z[ l[djW Z[ Z_iYei Z_]_jWb[i Ăˆ7cWpedÉ Yed ik fheceY_ÂŒd gk[ f[hc_j‡W XW`Wh ik Z_iYe W c[dei Z[ kd ZÂŒbWh" Wb fWh[Y[h W bW YWdjWdj[ b[ ^W ZWZe feh i[h YWh_jWj_lW$ ;b Ă’d Z[ i[# cWdW i[ fh[i[djÂŒ [d l_le o ]hWj_i [d [b 9[djhWb FWha Z[ D[m Oeha$ Iebe ^WX‡W gk[ fW]Wh jh[i ZÂŒbWh[i fWhW bW h[i[hlWY_ÂŒd$
! Ŋ+ 2Ŋ 4 2Ŋ#-Ŋ 6(33#1 ēŊ 2Ŋ+.Ŋ04#Ŋ1#!+ , Ŋ+ Ŋ! -3 -3#ĔŊ04(#-Ŋ04(#1#Ŋ43(+(9 1Ŋ24Ŋ/1./(.Ŋ-., 1#Ŋ#-Ŋ 6(33#1ē
} ĹŠ
(#1"#ĹŠ ĹŠ24ĹŠ, ,;ĹŠ ^ ŊĚŊ .+ -" ĹŠ (1 -" ĹŠ -Äą %#ĔŊ, "1#ĹŠ"#ĹŠ ' +~ ĔŊ 41 ĹŠ / Äą 3 ĔŊ 1-#23(- ĹŠ ."(ĔŊ #"#1(! ĹŠ ."(ĹŠ8ĹŠ 1(#+ ĹŠ ."(ĔŊ$ ++#!(¢Ŋ+ ĹŠ,  - ĹŠ 8#1Ä“ĹŠ +ĹŠ/1.%1 , ĹŠ, 343(-.ĹŠÄĽ .8ÄŚĹŠ -4-!(¢Ŋ#+ĹŠ$ ++#!(,(#-3.ĔŊ / 1#-Äą 3#,#-3#ĹŠ/.1ĹŠ4-ĹŠ(-$ 13.ĹŠ1#/#-3(-.Ä“ĹŠ ' +~ ĹŠ8ĹŠ24ĹŠ'#1, - ĹŠ 41 ĹŠ / 3 ĹŠ !.-ă1, 1.-ĹŠ+ ĹŠ-.3(!( Ä–ĹŠÄĄ .8ĹŠ ' ĹŠ,4#13.ĹŠ+ ĹŠ,(3 "ĹŠ"#ĹŠ,(ĹŠ +, ĔŊ 2(#-3.ĹŠ04#ĹŠ,4#1.ĹŠ+#-3 ,#-3#Ä“ĹŠ 1 !( 2ĹŠ/.1ĹŠ242ĹŠ.1 !(.-#2ĹŠ/ 1 ĹŠ,(ĹŠ %4#11#1 ĔŊ/ 1 ĹŠ,(ĹŠ, "1#Ģē
~.2ĹŠ/.1ĹŠ$ -2ĹŠ04#ĹŠ42 -ĹŠ#+ĹŠ-., 1#ĹŠ"#ĹŠ + ĹŠ! -3 -3#ĹŠ!.,.ĹŠ424 1(.ĹŠ#-ĹŠ+ ĹŠ1#"ĹŠ 2.!( +ĹŠ' !#-ĹŠ04#ĹŠ#++ ĹŠ#7/+.3#Ä“ ^ ĔŊ ĹŠ ĹŠ Â&#x; ĹŠÄ› Ck#
Y^Wi l[Y[i" bWi Y[b[Xh_ZWZ[i ^Wd f[Z_Ze W kikWh_ei gk[ i[ bbWcWd Yece [bbei e gk[ _d_Y_Whed kd YbkX Z[ \Wdi ieXh[ [bbei XW`e ik decXh[ [d kdW h[Z ieY_Wb" gk[ feh \Wleh Y[ZWd ik Yk[djW [d <WY[Xeea e Jm_jj[h fWhW i[h [d# YedjhWZei \|Y_bc[dj[$ F[he [ijei _dj[hYWcX_ei Z[ c[diW`[i deh# cWbc[dj[ i[ ^WY[d Z[ cWd[hW fh_lWZW o fWY‡ÒYW$ ;nY[fje [d [b YWie Z[ 8[b_d# ZW$ H[ikbjW gk[ iki i[]k_Zeh[i WYWXWd Z[ _d_Y_Wh kdW ]k[hhW
f‘Xb_YW fWhW gk[ kdW Y^_YW fei[[ZehW Z[ kikWh_e Ăˆ68[b_d# ZWÉ" b[ ejeh]k[ ik Yk[djW" o Wi‡ bW YWdjWdj[ de j[d]W gk[ kiWh c|i Ăˆ68[b_dZWfefÉ$ BW fei[[ZehW Z[ Z_Y^W Yk[djW [i kdW `el[d YWb_\ehd_W# dW gk[ oW ^W i_Ze eX`[je Z[ WjW# gk[i l[hXWb[i feh fWhj[ Z[ bei \Wdi Z[ bW YWdjWdj[ gk[ b[ [n_# ][d gk[ b[ [djh[]k[ [iW Yk[djW W bW _djƒhfh[j[ Z[ Ăˆ;]e‡ijWÉ$ Bk[]e Z[ gk[ kdW Z[ iki WZc_hWZehWi b[ fhefki_[# hW Xbegk[Wh W bW 8[b_dZW Z[
+ĹŠ"#2#.ĹŠ"#ĹŠ43(+(9 1ĹŠ#+ĹŠ /1./(.ĹŠ-., 1#ĹŠ-.ĹŠ#2ĹŠ -(-%ĂŒ-ĹŠ"#+(3.Ģē
ĹŠ
Jm_jj[h" [bbW WY[fjΠo f_Z_Π[b Wfeoe Z[ ik ][dj[$
.2ĹŠ,#-2 )#2
Ɯ>[hceiW ÂľGkƒ ef_dWi Z[ gk[ jeZei Xbegk[[cei W 68[# b_dZW fWhW gk[ j[ gk[Z[i Yed ik ki[hdWc[5 Ç" fh[]kdjÂŒ kdW Z[ bWi i[]k_ZehWi Z[ bW jWcX_ƒd WYjh_p" W be gk[ [bbW h[ifedZ_ÂŒ0 Æi________ fehgk[ WZ[c|i de be kiW 7o‘Z[dc[ jeZei fb_i =hWY_Wi" ^[hceiW" lWcei jeZei feh [b ki[hdWc[ Ç$ O ^W i_Ze jWb [b WYeie ik\h_Ze
feh bW Zk[‹W Z[ bW Yk[djW" gk[ _dYbkie b[ [dl_ÂŒ kd c[diW`[ W bW YWdjWdj[ ZedZ[ b[ WZl_hj_ÂŒ gk[ i[ gk[ZWh| Yed ik decXh[ eh_]_dWb$ Be i_[dje ckY^e" f[he [i c_ Yk[djW o de j[d]e d_d]kdW eXb_# ]WY_ÂŒd fWhW Z|hi[bW W dWZ_[Ç" [i# Yh_X_ÂŒ bW `el[d$ ÆFeh \Wleh Z[j[d# j[$ >WXbW Yed YkWbgk_[h WXe]WZe o j[ Z_h| gk[ be gk[ [ij|i WfeoWd# Ze gk[ ^W]Wd jki \Wdi [i WYeie o [i _b[]WbÇ WYejÂŒ$ Feij[h_ehc[dj[" 8[b_dZW" bW YWdjWdj[" h[Yj_Ă’YÂŒ o b[ f_Z_ÂŒ f[hZÂŒd W ik jeYWoW$ Be ‘d_Ye gk[ ^[ [nfh[iWZe [i [b Z[i[e Z[ feZ[h kj_b_pWh c_ decXh[" Æ[b Z[i[e Z[ kj_b_pWh [b fhef_e decXh[ de [i d_d]‘d Z[b_jeÇ" Z_`e bW YWdjWdj[ o Z[ _d# c[Z_Wje Z_e bW ehZ[d Z[ fWhWh [b WYeie$
Ä Ä‚
7 Ĺ? ĂĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
3_ĹŠ! 2#1.
Ĺ—ĹŠĹŠĹŠ
?djheZkpYW kd feYe Z[ Y[# XebbW [d kdW iWhjƒd Yed kd fe# gk_je Z[ WY[_j[ Z[ eb_lW" ^WijW Yedi[]k_h gk[ gk[Z[ X_[d j_[hdW$ Bk[]e" W‹WZW kdei ^_# ]WZ_jei Z[ febbe f_YWZei X_[d Ă’d_jei o Zƒ lk[bjWi Wb \k[]e ZkhWdj[ kd fWh Z[ c_dkjei$ JhWdiYkhh_Ze [i[ j_[cfe" fed]W kd feYe Z[ ^Wh_dW" kd Y^ehhe Z[ l_de Z[ @[h[p o kdW f_pYW Z[ iWb$ :ƒ`[bei W \k[]e c[Z_e ZkhWdj[ kdei Z_[p c_dkjei Wfhen_cWZWc[dj[$ JhWdiYkhh_Ze [i[ j_[cfe" h[j_h[ bW iWhjƒd Z[b \k[]e o Yed bW WokZW Z[ bW XWj_ZehW jh_jkh[ jeZe ^WijW Yedi[]k_h bW j[njk# hW Wfhef_WZW Z[b fWjƒ$
#!1#3.
ŗŊ ŊŊKd jhkYe cko i[dY_bbe [d bW YeY_dW" fWhW gk[ de WcWh]k[ bW f_[b Z[ bW dWhWd`W YkWdZe fh[fWh[ Wb]‘d fbWje ZedZ[ W‹WZW bW hWbbWZkhW Z[ bW f_[b Z[ [ijW \hkjW" Yedi_ij[ [d ^[hl_hbW fh[l_Wc[dj[ ZkhWdj[ Y_dYe c_dkjei [d kd YWpe Yed kd feYe Z[ W]kW$ JhWdi# Ykhh_Ze [i[ bWfie" h[j_h[ Z[b \k[]e" [iYkhhW o bW j[dZh| b_ijW fWhW hWbbWh$ :[ [ijW \ehcW jWd i[dY_bbW" Yedi[]k_h| gk_jWhb[ [b WcWh]eh W bW Y|iYWhW$
#1"41 2ĹŠ +ĹŠ5 /.1
Ĺ—ĹŠ ĹŠĹŠIed kdW Xk[dW efY_ÂŒd fWhW bW Z_[jW Z_Wh_W$ 7b]kdWi i[ fk[Z[d Yec[h YhkZWi o ejhWi de$ 9kWdZe i[ YeY_dWd [d W]kW f_[hZ[d fWhj[ Z[ iki c_d[hWb[i o l_jWc_dWi" ieXh[ jeZe bW : o bW 9$ Feh [ie [i c[`eh fh[fWhWhbWi Wb lWfeh o i_ de Yk[djW Yed bW ebbW lWfeh[hW fk[Z[ YebeYWh kdW h[`_bbW W c[Z_W WbjkhW [d bW ebbW W fh[i_ÂŒd o" XW`e [bbW" W]kW$ E jWcX_ƒd fed_[dZe W]kW Wb \k[]e [d kdW YWpk[bW dehcWb Yed jWfW$
14!.2ĹŠ/ 1 + -" 1ĹŠ+ ĹŠ! 1-# Ä“ĹŠ 2ĹŠ1#!.,#-" !(.-#2ĹŠ! 2#1 2ĹŠ2(#,/1#ĹŠ2.-ĹŠ+ 2ĹŠ,;2ĹŠ#$#!3(5 2ĹŠ!4 -".ĹŠ2#ĹŠ/1#/ 1 ĹŠ4- ĹŠ/ 11(++ " Ä“
.2ĹŠ!.-2#).2ĹŠ/ 1 ĹŠ24 5(9 1ĹŠ#23#ĹŠ +(,#-3.ĹŠ 2.-ĹŠ4-ĹŠ3.04#ĹŠ#2#-!( +ĹŠ/ 1 ĹŠ04#ĹŠ24ĹŠ,#-ĂŒĹŠ 04#"#ĹŠ#-ĹŠ24ĹŠ/4-3.Ä“
j_fi gk[ h[[cfbWpW W [ij[ fheZkYje [i bW Y[hl[pW$ 7]h[]k[ [ijW X[X_ZW W bW YWhd[ oW Ă’b[j[WZW" fk[i bW ikWl_pW o b[ ZW kd jegk[ [if[Y_Wb [d ik iWXeh$ Be h[Yec[dZWXb[ [i l[hj[h [b b‡gk_Ze Z[ kdW bWjW [dj[hW o Z[`WhbW h[ce# `Wh c|i e c[dei kdW ^ehW Wdj[i Z[ YeY_dWhbW e WiWhbW$ I_ ]kijW" fk[Z[ cWh_dWhbW jeZW bW deY^[ [d [b h[\h_# +ĹŠ/."#1ĹŠ"#ĹŠ+ ĹŠ!#15#9 I_d d[Y[i_ZWZ Z[ YecfhWh WXbWdZW# ][hWZeh o" Wi‡ Z[ \|Y_b" l[h| gk[ [iW Zeh Z[ YWhd[i [d feble" kde Z[ bei YWhd[ de iebe iWXh| Z[b_Y_eiW" i_de CkY^Wi l[Y[i bWi YWhd[i ik[b[d i[h ZkhWi" Wif[Yje gk[ kij[Z be Z[X[ jecWh cko [d Yk[djW$ F[he fWhW gk[ de j[d]W _dYed# l[d_[dj[i W bW ^ehW Z[ fh[fWhWh# bWi" W Yedj_dkWY_ÂŒd b[ Xh_dZWcei Wb]kdei Yedi[`ei ‘j_b[i fWhW ikW# l_pWhbWi$
#!1#3.2Ŋ"#Ŋ1#23 41 -3#Ŋ ŊŊ 1(,#1.Ŋ-.Ŋ"# #Ŋ!.+.! 1+#Ŋ2 +Ŋ Ŋ+ Ŋ! 1-#Ŋ -3#2Ŋ"#Ŋ/.-#1+ Ŋ#-Ŋ+ Ŋ/ 11(++ ĔŊ8 Ŋ ŗ04#Ŋ#23 Ŋ#731 #Ŋ#+Ŋ %4 Ŋ"#Ŋ+ Ŋ! 1-#ēŊ 4#%.ĔŊ#-Ŋ#+Ŋ 2 ".1Ŋ!.+.04#Ŋ +%.Ŋ"#Ŋ 1 2 2Ŋ
!.,.ĹŠ/ 1 ĹŠ04#ĹŠ-.ĹŠ#23_ĹŠ"#, 2( ".ĹŠ! +(#-3#ĹŠ8ĹŠ-.ĹŠ2#ĹŠ 11# 3#ĹŠ#+ĹŠ 2 ".ĔŊ/#1.ĹŠ"# #2ĹŠ 3#-#1ĹŠ ĹŠ4-ĹŠ+ ".ĹŠ,;2ĹŠ! 1 ¢-ĹŠ/1#/ 1;-".2#ĹŠ/ 1 ĹŠ, -3#-#1ĹŠ+ ĹŠ3#,/#1 341 ĹŠ2(ĹŠ#2ĹŠ -#!#2 1(.Ä“ĹŠ +ĹŠ!.+.! 1ĹŠ+ ĹŠ! 1-#ĹŠ"# #ĹŠ' !#1+.ĹŠ!.-ĹŠ+ ĹŠ/ 11(++ ĹŠ ) ĹŠ +ĹŠ/1(-!(/(.ĔŊ";-".+#ĹŠ4- ĹŠ 54#+3 ĹŠ ĹŠ+ ĹŠ! 1-#ĹŠ/ 1 ĹŠ04#ĹŠ2#ĹŠ!(#11#-ĹŠ+.2ĹŠ/.1.2ĹŠ8ĹŠ-.ĹŠ/(#1" ĹŠ#+ĹŠ)4%.Ŋĸ#-ĹŠ#23#ĹŠ,.Äą ,#-3.ĹŠ/4#"#ĹŠ %1#% 1+#ĹŠ2 +ĚēŊ ĹŠ/.1ĹŠĂŒ+3(,.ĹŠ!.+.04#ĹŠ+ ĹŠ/ 11(++ ĹŠ#-ĹŠ4- ĹŠ/.2(!(¢-ĹŠ,;2ĹŠ +3 ĹŠ8ĹŠ!.!(-#ĹŠ#+ĹŠ +(,#-3.ĹŠ+#-3 ,#-3#ĹŠ!.-ĹŠ/ !(#-!( Ä“ĹŠ #!4#1"#ĔŊ +ĹŠ/1#/ 1 1ĹŠ+ ĹŠ! 1-#ĹŠ-.ĹŠ"# #ĹŠ04(3 1+#ĹŠ3." ĹŠ+ ĹŠ%1 2 ĔŊ2.+ ,#-3#ĹŠ1#3(1#ĹŠ + ĹŠ/ 13#ĹŠ04#ĹŠ#5("#-3#,#-3#ĹŠ#2ĹŠ/41 ĹŠ%1 2 ĹŠ"#);-".+#ĹŠ ĹŠ+ ĹŠ! 1-#ĹŠ4- ĹŠ! /(3 ĹŠ"#ĹŠ+ ĹŠ ,(2, ĔŊ#23.ĹŠ !3ĂŒ ĹŠ!.,.ĹŠ#+ĹŠ/.-#1+#ĹŠ !#(3#ĹŠ ĹŠ+ ĹŠ/+ -!' Ä“ĹŠ ~-!'#+ ĹŠ8ĹŠ.ĹŠ!¢13#+ ĹŠ+.ĹŠ,#-.2ĹŠ/.2( +#Ä“
jWcX_ƒd [ijWh| ikWl[$ JWcX_ƒd kd hWifWZeh" [Y^Wh [d bW YWh# [i fei_Xb[ i_ Z[`W YeY_dWh kd d[ o Z[`WhbW h[feiWh feh kdei hWje bW YWhd[ [d bW Y[hl[pW$ Y_dYe W '& c_dkjei o Z[ifkƒi YeY_dWhbW$ De bW Z[`[ Z[cWi_WZe j_[cfe .-ĹŠ'(#+.ĹŠ8ĹŠ5(- %1# ;ij[ [i kd jhkYe Z[ YeY_dW cko fehgk[ i[ fk[Z[ Z[i^WY[h$ i[dY_bbe$ ;i [\[Yj_le i_ Z[`W h[# feiWh [b ^_[be [d [b W]kW ZedZ[ ĹŠ, 13(++ 9.2ĹŠ i[ [ij| YeY_dWdZe bW YWh# 9kWdZe Yecfh[ bW YWh# d[$ Ejhe jhkYe [i Z[`WhbW d[ f_ZW gk[ b[ h[XWd[d [d l_dW]h[ jeZW bW deY^[ ĹŠ [d \_b[j[i o gk[ [ijei o Wb ejhe Z‡W iWYWhbW Yed i[Wd X_[d Z[b]WZ_jei$ Wdj_Y_fWY_ÂŒd$ Bk[]e bW .!( 1+#ĹŠ (! 1 .Äą :[ifkƒi cWY^|gk[bei Z[`W kd hWje [d W]kW fWhW - 3.ĹŠ ĹŠ+ ĹŠ! 1-#ĹŠ kd feYe Yed [b cWhj_bbe -3#2ĹŠ"#ĹŠ!.!(Äą gk[ i[ b[ gk_j[ [b iWXeh W - 1+ ĹŠ#2ĹŠ4- ĹŠ Z[ YeY_dW$ 7i‡" Wdj[i Z[ 4#- ĹŠ./!(¢-Ä“ l_dW]h[$ fed[hbei [d bW fbWdY^W" f[]k[ Zei Z[ [ijei Ă’# .%41ĹŠ8ĹŠ+#!'#ĹŠ.ĹŠ/( b[j[i" kde [dY_cW Z[b Ejhe Yedi[`e [i Z[`Wh h[feiWh ejhe" o \h‡Wbei [d bW fbWdY^W bW YWhd[ kd Xk[d hWje [d kdW e bW iWhjƒd X_[d YWb_[dj[" leb# c[pYbW gk[ Yedj[d]W oe]kh o j[|dZebei fWhW gk[ Zeh[d feh b[Y^[$ bei Zei bWZei$ 9ece bW fbWd# JWcX_ƒd fk[Z[ fWiWh kdWi Y^W [ij| X_[d YWb_[dj[" gk[ZWd Zei e jh[i heZW`Wi Z[ f_‹W feh `k]eiei o XbWdZ_jei$
9 ( 1 ' 2 ,162/$'25$ '( 3/$&$6 18$5& < 352&( 6$'25$ '( 3(/ĂŒ&8/$ 6&$1 9,(: '27 0$7( 2IĂ LQH 3(5)(&72 (67$'2 $5 FF
ēŊ 13(++ 1Ŋ+ Ŋ! 1-#Ŋ -3#2Ŋ"#Ŋ/.-#1+ Ŋ#-Ŋ+ Ŋ/ 11(++ Ŋ.Ŋ+ Ŋ/+ -!' Ŋ #2Ŋ+.Ŋ,;2Ŋ¢/3(,.Ŋ04#Ŋ' !#-Ŋ+.2Ŋ#7/#13.2Ŋ#-Ŋ+ Ŋ!.!(- ē
¡ Ġ !(¢ũ4-ũ"~ ũ!.,.ũ'.8ğ
Ċŋ
?% D8I:<CF D<A@8 I% _d\a`X7cX_fiX%Zfd%\Z
, ũ3.".ũ+.ũ #++.ēũ #ũ%423 ũ5(5(1ũ1."# ".ũ "#ũ4-ũ , (#-3#ũ %1 " +#ũ8ũ!;+(".ēũ 4#"#ũ 2#1ũ4-ũ3 -3.ũ5 -(".2.ũ8ũ /#% ".ũ ũ+.ũ #23_3(!.ēũ 1.!41 1;ũ2(#,/1#ũ' !#1ũ04#ũ24ũ '.% 1ũ2# ũ 1,.-(.2.ũ8ũ31 -04(+.ē
(/(0(172 48Ì0,&2 '( 6Ì0%2/2 1(
āă
7 ŏ Ăĉŏ ŏ ŏ ŏĂĀāā
ŏ +. Čŏ
+,-2 '( 12e /$*2 */$&,$5 '( /26 3,5,1(26
'(63(',5
ũũ
ĸ#-#1.ũĉćũıũ$# 1#1.ũĈĒĹ -ũ24ũ31 ).ũ/.-#ũ, 8.1ũ 3#-!(¢-ũ8ũ' ı (+(" "ēũ /1#-" ũ.ũ,#).1#ũ!.-ũ4- ũ-4#5 ũ 3_!-(! ũ+ ũ+ .1ũ04#ũ423#"ũ1# +(9 ēũ 5(3#ũ #23 1ũ-#15(.2.ēũ Ėũ (#-3 ũ04#ũ+ ũ 5(" ũ#2ũ4- ũ$#+(9ũ./.134-(" "ēũ
32/($
20(*$
&$%(//2
ũũ
ĸ %.23.ũĉĊũıũ2#/3(#, 1#ũĉĉĹ (#-3#ũ(-3#1_2ũ/.1ũ%14/.2ũ2.!( +#2ēũ 1 3#ũ "#ũ/#1$#!!(.- 12#ũ!.-ũ4- ũ-4#5 ũ3_!-(! ũ #-ũ24ũ/1.$#2(¢-ēũ 42ũ/#-2 ,(#-3.2ũ2.-ũ /.2(3(5.2ēũ Ėũ 4 -".ũ /1#-" ũ ũ#-31 1ũ#-ũ24ũ1#(-.ũ(-3#1(.1Ĕũ3#-"1;ũ4-ũ 1#$4%(.ē
ũũ
ĸ2#/3(#, 1#ũĉĊũıũ.!34 1#ũĉĉĹ
ũ!.,4-(! !(¢-ũ!.-ũ+.2ũ)#$#2Ĕũ/ "1#2ũ8ũ 24/#1(.1#2ũ#2ũĄ4(" ũ8ũ/.2(3(5 ēũ 1.,.!(.ı -#ũ24ũ-#%.!(.ēũ #!( (1;ũ 84" ũ"#ũ242ũ'#1ı , -.2ēũ Ėũ ũ$4#19 ũ"#ũ+ ũ,#-3#ũ #2ũ(+(,(3 " Ĕũ/#1.ũ#+ũ!4#1/.ũ$~2(!.ũ-.ē
ũũ
ĸ.!34 1#ũĉĊũıũ-.5(#, 1#ũĉĈĹũ -ũ#23#ũ"~ ũ2#ũ$ !(+(3 ũ+ ũ+#!341 ũ8ũ#+ũ#234"(.ũ "#ũ3#, 2ũ/1.$4-".2ēũ 7(23#ũ+ ũ/.2( (+(" "ũ "#ũ1# +(9 1ũ4-ũ5( )#ēũ Ėũ .2ũ04#ũ 2 #-ũ/.!.ũ' + -ũ,4!'.ē
ũũ
ĸ-.5(#, 1#ũĉĉũıũ"(!(#, 1#ũĉĈĹũ 5(3#ũ"(2!42(.-#2ũ/.1ũ"(-#1.Ĕũ!.-5#12#ũ / 1 ũ2.+4!(.- 1ũ+ 2ũ"(2!1#/ -!( 2ēũ ı Ėũ ũ+.2ũ.).2ũ"#ũ (.2Ĕũ- "(#ũ#-ũ#23#ũ /+ -#3 ũ#2ũ,#).1ē
ũũ
ĸ"(!(#, 1#ũĉĉũıũ#-#1.ũĈĒĹ 4#-ũ,.,#-3.ũ/ 1 ũ1#2.+5#1ũ2(34 !(.-#2ũ .ũ"(ă!4+3 "#2ũ!.-ũ+ ũ/ 1#) ēũ #ũ++#% -ũ ũ !4#1".2ũ.ũ-#%.!( !(.-#2ũ!.-ũ2.!(.2ē Ėũ %1 "#9!.ũ ũ+ 2ũ/#12.- 2ũ 04#ũ,#ũ1#!' 9 1.-ũ8ũ,#ũ"()#1.-ũ-.ē
3,e/$*2
&(5'26
7(50,1$&,Ð1
(0%52//2
'8(f2
5(/,*,26$
$*5(',5
&(55$5 &21 /$&5(
9(5%$/
+2*$5 &$032
9(5'$'(52
6(f$/
&$552 (1
&$5&$-($5
6Ì0%2/2 '(
&,&$75,=
',0,1872
,1*/e6 <2'2
,1*/e6 &,8'$' '( 9(1(=8(/$
,1)(5,25
&$16$'2
&$3,7$/ '( $/%$1,$
2
,
,
5 (6&8&+$5
& 3(5(=262 '( %5$6,/ (;7(16,Ð1
$
7
$
6
$
'
$
1
2 $)e5(6,6 '(
2 )/$1&2 7(55,725,26 '( )( 0868/0$1$
)85,$
$
1$32/,7$12
)
3,e/$*2
5
$
0
2
5
(
&
$
6
$/)$ 5Ì2 '(/ (&8$'25
$
2
3(5(=262 '(/ %5$6,/
$
3
$
&
6Ì0%2/2 '(
20(*$
$&75,= ,7$/,$1$ '( /$ 3(/Ì&8/$ 1,1(
6
&$/&,2
&$'(5$
0 0$'5( 0$-(1$5 81$ &26$
5 , 2 +8(6(5$ &$/$9(51$5,2 &(5(021,$
5 ,
1
1
$326(172
680,1,6752
$
, +$5$3,(172
1
$ 1 6 $ &(/(%5,'$'(6 Ì0%2/2 '( 62',2
35,0(5 +20%5(
$ 2
$
%
$
6
$
0
7(50,1$&,Ð1
$
0$172 %('8,12 '(75É6 $17(6
$
$
&
&2/$ '( $/*8 126 $1,0$/(6
2
6 3(Ð1 -251$/(52
%
,
$
0
,
7
5
$
7
5
$ '(/ É7,&$ 2 '( $7(1$6 6,523(
5$',2
&2175$72
3$3(/ ,035(62 &21 $181&,2
$
&
'
5
$
*
(
$
+,5$&2,'(2
e 8C=FEJ@E8 JKFIE@ 2 ' 3 (/0) $ (0*/ 7 GF<K@JK8 8I><EK@E8 6 , ;< FI@><E JL@QF% :FE CL>FE<J# <J C8 DÝO@D8 2 & I<GI<J<EK8:@äE ;<C DF;<IE@JDF <E 8I><EK@E8% & $
7,&$
(3$57$0(1 72 '(/ (5Ô
5$03$
/ /
)(01,12
&,7$&,Ð1
/
1
Ì0%/2 '( &2%$/72
1,'2
$
$57Ì&8/2
&$5%212
$)Ð1,&2
6$/8'2 ,1',2
$17(6 '( &5,672 0$0Ì)(52
2
&
5
2
6Ì0%2/2 '( //$0$0,(172
1
6
$%$67(&,0,(172
6Ì0%2/2 '(
7
(
6(f$/ ',26$ '( /$ 7,(55$
&21)86,Ð1
-8*$5 /$6
&217$5
5Ì2 '(/ 1( '( 6,%(5,$
&$57$6
$57Ì&8/2
5
5
$
6
'
2
$75(9,'2
7
<
$
5
7
(
/
6Ì0%2/2 '( &(5,2
&,8'$' '( (( 88
$ 62/,7$5,2 *,5$5
& 6Ì0%2/2 '( 1(Ð1 $/$%$1=$
2
/
0$7$'25 +(50$12 '( 3$3É
2
-
2
6
2
$
7
2
5 $7$6&$5
5
5
$
/
&
$
5
7,78/2 +212 5Ì),&2 ,1*
1
3(552
3$72
,1*/e6
(
2 $
$,5( (1
5
0 5
2
7
/,(%5( '( /$ 3$7$*21,$ &$552 (1 ,1*/e6
7
75$163257(
%
0$5Ì7,02 +(55$0,(17$ (1 ,1*/e6
(
1
$6752 5(<
/ 2
/,67$
48( +$ 3(5', '2 (/ -8,&,2 É7202
81*,5
',26 '(/
&$/&8/$5 (/ 35(&,2 '( $/*2
/,&25
$025
)(0(1,2
52('25
526752
'(/7$
$50$5,2 92= '( $558//2 (1&$5*2
$&725 '( (( 88 /$ 3(/Ì&8/$ 52&.<
$
9(5%$/
,1*/e6
%$75$&,2
6ROXFLyQ DQWHULRU
$
6,1&(52 $,5( (1
3(f$6&2
2
9
1
(
2
6
,
7
35(6(17(
&20326,&,Ð1 /Ì5,&$
*,7$12 '(
3(/27$
&$03(Ð1
&8$57$ 127$
5$=$
086,&$/
3(= '( $*8$ '8/&(
6Ì0%2/2 '( (,167(1,2 5Ì2 '( )5$1&,$
(
$
5
5
5
,
6
2
2
7
/
/
$
}
9(//Ð1 ',26 (1 (/ ,6/$0 325 /$
6Ì0%2/2 '( 52(17*(1 (0%867( 75$03$
0$f$1$
Ċŋ
-ũ +#,(-%
ũ>eo" ^WY[ '&) W ei" dWY_ [d ŗũ BedZh[i ?d]bWj[hhW ?Wd BWd#
-ă"#+(" "
ĸĈĒćđıĈĒďČĹũ
YWij[h <b[c_d]" gk_[d WZ[c|i Z[ [iYh_jeh \k[ WYjeh" Wkdgk[ [d [ijW \WY[jW de jhWiY[dZ_ ck# Y^e" fk[i [ij[ Xh_j|d_Ye f[hj[d[# Y_[dj[ W kdW \Wc_b_W WYeceZWZW Z[ ik fW i" i[ Z[ijWY feh i[h [b Yh[WZeh Z[b ^ he[ Z[ ÒYY_ d @Wc[i 8edZ" [b \Wceie È7][dj[ &&-É" Z[b gk[ oW i[ ^Wd ^[Y^e (( f[b YkbWi o i[ fh[fWhW kdW fheZkYY_ d c|i$ 9ece Z[jWbb[ W Z[ijWYWh" <b[c_d] jhWXW` feh kd j_[cfe Yece Wi_ij[dj[ [d bei i[hl_Y_ei i[Yh[jei" be gk[ b[ f[hc_j_ _cXk_hi[ Z[b WcX_[dj[ gk[ i[ h[if_hW [d iki del[bWi Z[ [if_edW`[$
ŗũũ
xf_Ye h[jhWje Z[ bW ]k[# hhW Y_l_b [ijWZekd_Z[di[ W jhWl i Z[ bW ^_ijeh_W Z[ =[eh][ >WpWhZ @Wc[i H[WZ o Ehho CW_d FWjh_Ya ImWop[ " Wc_]ei [d bW WYWZ[c_W c_b_jWh Z[ M[ij Fe_dj$ Kde [i Z[ kdW \Wc_b_W WYeceZWZW Z[b dehj[ o [b ejhe fhel_[d[ Z[ bWi fbWdjWY_ed[i Z[b ikh" ZedZ[ ik \Wc_b_W j_[d[ [iYbWlei$ 7 f[iWh Z[ iki Z_\[h[dY_Wi" ik Wc_ijWZ Yh[Y[ ^WijW gk[ bW =k[hhW Z[ I[Y[i_ d bei fed]W [d bWZei efk[ijei Z[ bWi jh_dY^[hWi$
(;75(0,'$'
25,//$
/
ĔũĈĊĖćć
$)/8(17(
%$75$&,2 '(0(17(
35(6,'(17( '( (67$'26 81,'26 (1
.13#ũ8ũ 41
3/$17$ '( ),%5$ 7(;7,/
2),&,$/ '(/ (-e5&,72 785&2
&+2552 (1
ũũ
ĸ)4+(.ũĉĊũıũ %.23.ũĉĉĹũ 4ũ,#-3#ũ#23;ũ,48ũ1#!#/3(5 ũ ũ+ ũ"#ũ+.2ũ "#,;2Ĕũ, -3#-% ũ+ ũ! +, ũ8ũ-.ũ%4 1"#ũ 2#!1#3.2ēũ (#-#ũ(-3#1_2ũ/.1ũ+ ũ,#"(3 !(¢-ũũ 8ũ 24-3.2ũ#2/(1(34 +#2ēũ Ėũ " ũ 2#1ũ#2ũ1#2/.-2 +#ũ/.1ũ24ũ#5.+4!(¢-ēũ
%/$1&2
0$1'$ '(
&+,12
^ ũ
ĸ)4-(.ũĉĉũıũ)4+(.ũĉĉĹ 4ũ,#-3#ũ#2ũ1;/(" Ĕũ#23.ũ+#ũ 84" ũ/ 1 ũ !.,4-(! 12#ũ,#).1ũ!.-ũ242ũ'#1, -.2Ĕũ 5#!(-.2ũ8ũ ,(%.2ēũ (#-#ũ"#2#.2ũ"#ũ5( ) 1ēũ Ėũ .".ũ+.ũ04#ũ"#2# ũ#23;ũ ũ24ũ +! -!#Ĕũ 23 ũ!.-ũ/#1!( (1+.ēũũũ
5Ì2 '( (63$f$
32/Ì7,&2
ĸ, 19.ũĉĈũıũ 1(+ũĈĒĹ 4#"#ũ1#!( (1ũ(-$.1, !(¢-ũ.ũ4-ũ!.-2#).ũ (,/.13 -3#ũ ũ31 5_2ũ"#ũ4-ũ$ ,(+( 1ēũ ũ !.,4-(! !(¢-ũ8ũ+ ũ !3(5(" "ũ(-3#+#!34 +ũ #-ũ24ũ'.% 1ũ2.-ũ%1 -"#2ēũ Ėũ (5(" ũ242ũ!.-.!(,(#-3.2Ĕũ#2ũ4-ũ,#"(.ũ"#ũ +! -9 1ũ+ ũ(-,.13 +(" "ēũ
: ũũ
7,1$ 6,1 92&$/(6
3$5$),1$
ũũ
ĸ, 8.ũĉĈũıũ)4-(.ũĉĈĹ
.2ũ 24-3.2ũ!.,#1!( +#2ũ8ũ-#%.!(.2ũ 31 #-ũ24ũ 3#-!(¢-Ĕũ/+ -(ă04#ũũ8ũ"(1() ũ+.2ũ ,(2,.2ēũ 4ũ#!.-.,~ ũ/4#"#ũ,#).1 1Ĕũ 31 )#ũ/.1ũ#++.ēũ Ėũ 2!4!'#ũ+ 2ũ 2# +#2ũ(-3#1- 2ũ04#ũ+#ũ 84" 1;-ũ ũ3., 1ũ "#!(2(.-#2ēũ
/(&+2 3$57( '(/ +8(92
ĸ$# 1#1.ũĉćũıũ, 19.ũĉćĹũ (2$143#ũ"#ũ !3(5(" "ũ2.!( +ũ!.-ũ'#1, ı -.2Ĕũ-.5(.Ĕũ5#!(-.2ũ8ũ ,(%.2ēũ # Ĕũ#2!1( ũ .ũ 2(23 ũ ũ4-ũ"# 3#ũ(-3#+#!34 +ēũ .,/ 13 ũ 8ũ!' 1+#ũ!.-ũ242ũ'().2ēũ Ėũ +ũ ,.1ũ"# #ũ2#1ũ24ũ-.1, ũ24/1#, ēũũ
ĸ 1(+ũĉćũıũ, 8.ũĉćĹ
ũ !3(5(" "ũ,#-3 +ũ#2ũ(-3#-2 ũ8ũ #,.!(.- +ēũ 1 ũ+.2ũ5( )#2Ĕũ+.2ũ#234"(.2ũ 8ũ+.2ũ-#%.!(.2ũ2.-ũ,48ũ 4#-.2Ĕũ"# #1~ ũ /1.5#!' 1ēũ Ėũ -ũ+ ũ#3#1-(" "ũ#+ũ 3(#,/.ũ-.ũ!4#-3 ēũũũ ũ
35,0(5$ '$0$ '( (67$'26 81,'26
(;75$f$
ũũ
ũũ
3$62 5É3,'2 '(/ +20%5(
ĔũĉĊĖćć
ũ;b cWjh_ced_e Z[ ;ZmWhZ ŗũ H_Y^WhZ =[h[ o 9edd_[ Ikc#
d[h :_Wd[ BWd[ fWh[Y[ _h X_[d0 j_[d[d Z_d[he" fei_Y_ d" kd d_ e o kdW Xed_jW YWiW [d kd XWhh_e h[i_Z[dY_Wb$ F[he kd Z W" [bbW YedeY[ W FWkb Eb_l_[h CWhj_d[p " kd WjhWYj_le Ye# b[YY_ed_ijW Z[ b_Xhei o WcXei Yec_[dpWd kdW h[bWY_ d WZ bj[hW Z[ _dieif[Y^WZWi Yedi[Yk[dY_Wi$
: ũ }
++ -ũ1 1.ũ$¢2(+ũ#-ũ #1Ìũ ũě Kd fWb[edj be]e f[hkWde WdkdY_ [b ^WbbWp]e Z[ kd Y[# h[Xhe \ei_b_pWZe Z[ Wfhen_cW# ZWc[dj[ (& c_bbed[i Z[ W ei Z[ Wdj_] [ZWZ [d bW h[]_ d Z[ 7cWpedWi" [d [b dehj[ Z[b fW i$ I[] d [b :h$ AbWki > d# d_d][h C_jhWd_ i[ jhWjW Z[ kd ^WbbWp]e feYe Yec d" gk[ l[d# Zh W W YedÒhcWh bW fh[i[dY_W Z[ cWc \[hei Z[ ]hWd jWcW e [d bW pedW ZkhWdj[ [b f[h eZe D[ # ][de C_eY[de $ ÆDehcWbc[dj[ bei j[`_Zei XbWdZei" Yece [b Y[h[Xhe" i[
Z[iYecfed[d o de i[ \ei_b_pWdÇ" b[ [nfb_Y [b Y_[dj ÒYe W 889 CkdZe$ Æ7 l[Y[i i[ [dYk[djhWd cebZ[i YhWd[Wb[i" gk[ i[ Yh[Wd fehgk[ [b Yh|d[e i[ bb[dW Z[ i[Z_c[djei$ F[he [ije [i Z_\[h[dj[Ç" W]h[] $ BkWdd[ <WkbadWbb" Z[b Cki[e Z[ >_ijeh_W DWjkhWb Z[ BedZh[i" b[ [nfb_Y W 889 CkdZe gk[ bei \ i_b[i Z[ j[`_Zei XbWdZe iebe i[ fheZkY[d [d YedZ_Y_ed[i Z[ fh[# i[hlWY_ d XWijWdj[ _dkikWb[i$ Æ;n_ij[d" f[he ied cko hW# heiÇ" YedÒhc $
;d [ij[ YWie" o i[] d [b :h$ > dd_d][h" jeZe _dZ_YW gk[ [b Zk[ e eh_]_dWb Z[b Y[h[Xhe ik\h_ kd jhWkcW cko ]hWdZ[ gk[ ^_pe gk[ [ij[ i[ iWb_[hW Z[b Yh|d[e$
Ä Ä…
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
7 Ĺ?ĂĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ĺ?
Ĺ? +. Ĺ?
13(23 2ĹŠ"#ĹŠ+ ĹŠ%(,- 2( ;d [b Yeb_i[e @eh][ 9WY^W <beh[i Z[b FWbWY_e Z[ Bei :[fehj[i BW L_Y[dj_dW " bW ]_cdWi_W Whj‡ij_# YW Z[ bei I[]kdZei @k[]ei :[# fehj_lei DWY_edWb[i 7Xiebkjei [djh[]ÂŒ iki fh_c[hWi c[ZW# bbWi$ BWi fhel_dY_Wi Z[ =kWoWi" CWdWX‡ o F_Y^_dY^W \k[hed bWi fhejW]ed_ijWi$ ;d bW Yecf[j_Y_ÂŒd \[c[d_dW feh [gk_fei" =kWoWi WbYWdpÂŒ [b ehe Yed kdW cWhYW Z[ '**$+& fkdjei$ BW fbWjW \k[ fWhW F_# Y^_dY^W o [b XhedY[ fWhW 7pkWo" Yed kd WYkckbWZe Z[ '*($*. o '&*$-. fkdjei" h[if[Yj_lWc[d# j[$ ;b h[fh[i[djWj_le ÆWbX_Y[b[i# j[Ç be _dj[]hWhed0 9bWkZ_W FWhhW" ;b_Z >[bm_]] o CWh‡W H_lWi$ ;d [b Wbb WhekdZ ZWcWi" bW jh_kd\WZehW \k[ 9bWkZ_W FW#
hhW Z[ =kWoWi" Yed kd jejWb Z[ */$/+ fkdjei$ ;b i[]kdZe bk]Wh \k[ fWhW bW jWcX_ƒd ]kWoWi[di[ ;b_Z >[bm_]] */$)) " c_[djhWi gk[ bW f_Y^_dY^WdW D_Yeb[ L_j[# h_ i[ Wfhef_Œ Z[b XhedY[$ ;d be h[\[h[dj[ W bW hWcW cWi# Ykb_dW feh [gk_fei" F_Y^_dY^W" h[fh[i[djWZW feh0 :Wd_[b =Œ# c[p" :Wd_[b 7XWZ o @kWd 7XWZ" i[ bb[lŒ [b ehe Yed kd fkdjW`[ Z[ ((,$)-" h[b[]WdZe W =kWoWi Wb i[# ]kdZe fk[ije (&'$.) $ Be`W i[ WZ`kZ_YŒ [b XhedY[$ ;b cWdWX_jW 8eh_i C[hY^|d" Yed kdW cWhYW Z[ --$,) fkdjei" i[ kX_YŒ [d [b fh_c[h bk]Wh Z[b Wbb WhekdZ cWiYkb_de" feh [d# Y_cW Z[b f_Y^_dY^Wde :Wd_[b =Œc[p o Z[b ]kWoWi[di[ 8ohed BŒf[p$
ĹŠ ĉćĈĈ Ä“ĹŠ ĹŠ/(!'(-!' - ĹŠ .+ ĹŠ 1 .+#" ĹŠ2#ĹŠ ")4"(!¢Ŋ#+ĹŠ/1(,#1ĹŠ+4% 1ĹŠ#-ĹŠ+ ĹŠ"(5(2(¢-ĹŠ"#ĹŠ+.2ĹŠÄŒÄ‘ĹŠ*(+.%1 ,.2Ä“
ÄĽ .! ĹŠ $4#13#ÄŚĹŠ#-ĹŠ + 2ĹŠ/#2 2
+Ŋ+#5 -3 ".1Ŋ"#Ŋ/#2 2Ŋ ,, Ĺ -4#+Ŋ .! $4#13#Ŋ(,/42.Ŋ4- Ŋ -4#5 Ŋ, 1! Ŋ#-Ŋ+ Ŋ! 3#%.1~ Ŋ )45#-(+ē Ŋ ēŊ 2Ŋ"#/.13(23 2Ŋ"#,4#231 -Ŋ24Ŋ!..1"(- !(¢-Ŋ8Ŋ"#231#9 Ŋ#-Ŋ ! " Ŋ#)#1!(!(.ē
4#%.2ĹŠ !(.- +#2 #" ++#1.ĹŠ
1.5(-!( ĹŠ
ÄˆĹŠ (!'(-!' ĹŠ ĉŊ 4 8 2ĹŠ ÄŠĹŠ .2ĹŠ ~.2ĹŠ ÄŒĹŠ 94 8ĹŠ ÄŽĹŠ 2,#1 +" 2ĹŠ Ä?ĹŠ .1.- ĹŠ Ä?ĹŠ .) ĹŠ Ä‘ĹŠ - ~ĹŠ Ä’ĹŠ  1ĹŠ ÄˆÄ‡ĹŠ +ĹŠ 1.ĹŠ ÄˆÄˆĹŠ 1!'(ĹŠ ÄˆÄ‰ĹŠ 4-%41 '4 ĹŠ ÄˆÄŠĹŠ , 41 ĹŠ ÄˆÄŒĹŠ 23 9 ĹŠ ÄˆÄŽĹŠ 4!4, ~.2ĹŠ ĈÄ?ĹŠ .3./ 7(ĹŠ ĈÄ?ĹŠ '(, .1 9.ĹŠ ÄˆÄ‘ĹŠ -3.ĹŠ .,(-%.ĹŠ ÄˆÄ’ĹŠ /.ĹŠ ĉćŊ .+~5 1ĹŠ Ä‰ÄˆĹŠ 1#++ - ĹŠ ĉĉŊ ,.1 ĹŠ .3 +ĹŠ
1.ĹŠ ÄŠÄŒĹŠ ĈÄ?ĹŠ ÄˆÄŠĹŠ Ä?ĹŠ Ä?ĹŠ ÄŽĹŠ ÄŽĹŠ ÄŒĹŠ ĉŊ ĉŊ ÄˆĹŠ ĉŊ ÄˆĹŠ ÄˆĹŠ ÄŠĹŠ ĉŊ ÄˆĹŠ ĹŠ ÄˆĹŠ ĹŠ ĹŠ ĹŠ Ä’Ä‘ĹŠ
+ 3 ĹŠ Ä‰ÄŒĹŠ ĈÄ?ĹŠ Ä?ĹŠ ÄˆÄ‡ĹŠ ÄŽĹŠ ÄŒĹŠ ĉŊ ÄŒĹŠ ÄŠĹŠ ĹŠ ÄŒĹŠ ÄŽĹŠ ÄŠĹŠ ĉŊ Ä?ĹŠ ĹŠ ÄŒĹŠ ÄˆĹŠ ĹŠ ĹŠ ĹŠ ĹŠ Ä’Ä‘ĹŠ
1.-!#ĹŠ ĉĎŊ ĈÄ?ĹŠ Ä?ĹŠ ÄˆÄŽĹŠ Ä‘ĹŠ ÄˆÄ‡ĹŠ ĹŠ ÄˆÄˆĹŠ ÄŒĹŠ ÄŒĹŠ Ä?ĹŠ ĉŊ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ÄˆÄˆÄ’ĹŠ
.3 +
Ä‘ÄŠ ČĒ ĉÄ? ĊĈ ĈĒ ĈĒ Ä? ĈĒ Ä’ Ä? Ĉĉ Ä’ ÄŒ ÄŠ Ä’ ĉ ÄŽ Ĉ Ĉ ć ć ć ĊĈĎ
BW Z[hhejW Wdj[ <hWdab_d I_\Wp" Z[ Jkd]khW^kW" [d bW ceZWb_ZWZ Z[ WhhWdgk[" \k[ [d [cfk`[ gk[ d[Y[i_jÂŒ ;ccWdk[b HeYW\k[hj[" fWhW _cfed[h kdW dk[lW cWhYW dWY_edWb [d bW YWj[]eh‡W @kl[d_b [d [dl_ÂŒd Yed ')* a_be]hWcei" ZkhWdj[ bei +, a] Z[ b[lWdjW# c_[dje Z[ f[iWi$ Bei I[]kdZei @k[]ei :[# fehj_lei DWY_edWb[i 7Xiebkjei \k[hed bW l_jh_dW [iYe]_ZW feh [b eh_kdZe Z[ 8WXW^eoe fWhW ikf[hWh bW cWhYW gk[ j[d‡W [d ik feZ[h Z[iZ[ (&&, ;dh_gk[ LWb[dY_W Z[ Eh[bbWdW" Wb b[lWd# jWh [d [b [dl_ÂŒd ')) a]$ ;ccWdk[b [cf[pÂŒ ik YW# hh[hW [d [b b[lWdjWc_[dje Z[ f[iWi" bk[]e Z[ Z[i_dj[h[iWhi[ Z[b Xen[e [d (&&*" feh Æbei ]eb# f[i gk[ i[ h[Y_X[Ç" cWd_\[ijÂŒ [b ]WdWZeh Z[ bW YWj[]eh‡W Z[ bei +, a]" Wb ikf[hWh W I_\Wp o Ă›b[n =kW]kW" Z[ ;ic[hWbZWi" gk[ i[ gk[ZWhed Yed [b i[]kdZe o j[h# Y[h bk]Wh h[if[Yj_lWc[dj[" [d [b fkdjW`[ WYkckbWZe$ BW WZh[dWb_dW o [b [i\k[hpe gk[ fed‡W [d YWZW [djh[dWc_[d# je \k[ be gk[ bb[lÂŒ W 9_dj_W F_dje
W \ehcWhbe o Æc[`ehWh c_ jƒYd_# YW" fehgk[ Wdj[i [hW cWbe o de c[ jecWXWd [d Yk[djWÇ" WYejÂŒ [b Ă“kc_d[di[$ ;iWi ]WdWi [d YWZW fh|Yj_YW o [djh[dWc_[dje be bb[lWhed W \eh# cWh fWhj[ Z[ bW i[b[YY_ÂŒd dWY_e# dWb" gk[ [djh[dW [d =kWoWgk_b" ZedZ[ [ijkZ_W [b fh_c[h i[c[i# jh[ Z[ YkbjkhW \‡i_YW [d bW kd_l[h# i_ZWZ ;ijWjWb$ -ĹŠ" , 2ĹŠ3 , (_-ĹŠ"#23 ! -
Kd _dj[h[iWdj[ Zk[be Z[iWhhebbW# hed FWebW 7hXeb[ZW Z[ F_Y^_dY^W o CWeb_ 9ehed[b Bei H‡ei [d bW Z_l_i_ÂŒd Z[ bei *. a_be]hWcei" i_[dZe bW ceZWb_ZWZ [dl_ÂŒd [d bW gk[ WcXWi Z[`Whed jeZe o bW l_Y# jeh_W \Wleh[Y_ÂŒ W bW b[lWdjWZehW ĂˆEhe o =hWdWÉ feh Wf[dWi kd a]$ ÆJeZei bei Z‡Wi gk[ c_i ^[hcWdWi cWoeh[i _XWd W [d# jh[dWh b[i Z[Y‡W gk[ c[ bb[l[d" f[he Yece [hW Y^_gk_jW o XW`_# jW i[ h[i_ij‡WdÇ" YedjÂŒ 9ehed[b" gk_[d i[ Yeb]ÂŒ jh[i c[ZWbbWi Z[ fbWjW" [d [dl_ÂŒd" WhhWdgk[ o [d [b fkdjW`[ jejWb" gk[ \k[ ]WdWZW feh 7hXeb[ZW$ ;b j[hY[h bk]Wh i[ be h[fWhj_[#
1(,#1 ĹŠ).1- " #24+3 ".2
3#%.1~ ĹŠÄŒÄ‘ĹŠ*%ĹŠ" , 2
11 -04# Ĺ—ĹŠÄˆĹŠ .+ ĹŠ 1 .+#" Ŋĸ (!'(-!' Äš ŗŊĉŊ .+(ĹŠ .1.-#+Ŋĸ .2ĹŠ ~.2Äš Ĺ—ĹŠÄŠĹŠ +#1( ĹŠ .+~2Ŋĸ 1#++ - Äš -5(Â˘Ĺ—ĹŠÄˆĹŠ .+ ĹŠ 1 .+#" Ŋĸ (!'(-!' Äš ŗŊĉŊ .+(ĹŠ .1.-#+Ŋĸ .2ĹŠ ~.2Äš Ĺ—ĹŠÄŠĹŠ 33(ĹŠ (-3 ".Ŋĸ ,.1 ĹŠ '(-!'(/#Äš .3 + Ĺ—ĹŠÄˆĹŠ .+ ĹŠ 1 .+#" Ŋĸ (!'(-!' Äš ŗŊĉŊ .+(ĹŠ .1.-#+Ŋĸ .2ĹŠ ~.2Äš Ĺ—ĹŠÄŠĹŠ 33(ĹŠ (-3 ".Ŋĸ ,.1 ĹŠ '(-!'(/#Äš
3#%.1~ ĹŠÄŽÄ?ĹŠ*%ĹŠ5 1.-#2 -5(Â˘Ĺ—ĹŠÄˆĹŠ ,, -4#+ĹŠ .! $4#13#Ŋĸ .2ĹŠ ~.2Äš ŗŊĉŊ 1 -*+(-ĹŠ ($ 9Ŋĸ 4-%41 '4 Äš Ĺ—ĹŠÄŠĹŠ:+#7ĹŠ 4 %4 Ŋĸ 2,#1 +" 2Äš 11 -04# Ĺ—ĹŠÄˆĹŠ 1 -*+(-ĹŠ ($ 9Ŋĸ 4-%41 '4 Äš ŗŊĉŊ ,, -4#+ĹŠ .! $4#13#Ŋĸ .2ĹŠ ~.2Äš Ĺ—ĹŠÄŠĹŠ (,,8ĹŠ #/ 9Ŋĸ -3.ĹŠ .,(-%.Äš .3 + Ĺ—ĹŠÄˆĹŠ ,, -4#+ĹŠ .! $4#13#Ŋĸ .2ĹŠ ~.2Äš ŗŊĉŊ 1 -*+(-ĹŠ ($ 9Ŋĸ 4-%41 '4 Äš Ĺ—ĹŠÄŠĹŠ:+#7ĹŠ 4 %4 Ŋĸ 2,#1 +" 2Äš
hed LWb[h_W Ieb‡i" Z[ Eh[bbWdW" WhhWdgk[ o AWjj_ F_djWZe" Z[ PWcehW 9^_dY^_f[" gk_[d jWc# X_ƒd i[ WZk[‹Œ Z[b j[hY[h bk]Wh [d [b fkdjW`[ WYkckbWZe$ ĹŠ .1/1#2(5 ĹŠ,#" ++
BW pWcehWdW AWjj_ F_djWZe YWb_# Ă’YÂŒ Z[ iehfh[i_lW bWi Zei c[ZW# bbWi Z[ XhedY[ gk[ Yedi_]k_ÂŒ [d bW Z_l_i_ÂŒd Z[ bei *. a_be]hWcei" Z[X_Ze W gk[ Æ^WY[ kd c[i h[# jehdƒ W bW WYj_l_ZWZ$ C[ jeYÂŒ Wb[# `Whc[ feh c_ jhWXW`eÇ" Yec[djÂŒ kdW Wb[]h[ AWjj_$ 7Z[c|i Z[ bW Æ[n_][dY_W Z[ bWi Yecf[j_ZehWi o Z[b f[ie gk[ dei bb[lÂŒ W b[lWdjWh FWebW 7h# Xeb[ZWÇ" W‹WZ_ÂŒ bW b[lWdjWZehW Z[ (' W‹ei" gk_[d i[ Z[i[dlk[bl[ Yece ced_jehW [d bW <[Z[hWY_ÂŒd :[fehj_lW Z[ PWcehW$
ĹŠÄ‰Ä‡ÄˆÄˆ
.) ĹŠÄĽ, 1!' ÄŚĹŠ (#-
"(1 Ŋ 4 ,;-Ŋ!.-04(23¢Ŋ+ Ŋ ,#" ++ Ŋ"#Ŋ.1.Ŋ#-Ŋ+.2ŊĉćŊ*,Ŋ , 1!' Ŋ/ 1 Ŋ+ Ŋ #-3(-#+ Ŋ"#+Ŋ 41ĔŊ#-Ŋ#+Ŋ(-(!(.Ŋ"#+Ŋ 3+#3(2,.Ŋ "#Ŋ+.2Ŋ 4#%.2ē
7 Ĺ? ĂĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ?
Ä Ä†
1(,#1 2ĹŠ!.,/#3#-!( 2 #24+3 ".2
ÄˆÄŽÄ‡Ä‡ĹŠ,ĹŠĹŠ + -.2ĹŠ" , 2
ÄˆÄ“ĹŠ (5( - ĹŠ !.23 Ŋĸ 4-%41 '4 Äš ĉēŊ 1+#-#ĹŠ !4 ŊŊĸ .3./ 7(Äš ÄŠÄ“ĹŠ 1(23(- ĹŠĹŠ 4 2/4"Ŋĸ 1!'(Äš
ÄˆÄŽÄ‡Ä‡ĹŠ,ĹŠ + -.2ĹŠ5 1.-#2 ÄˆÄ“ĹŠ _2 1ĹŠĹŠ (+ +4(2 Ŋĸ , 41 Äš ĉēŊ 1(23( -ĹŠ ;2!.-#9Ŋĸ 94 8Äš ÄŠÄ“ĹŠ 1+.2ĹŠ .-31#1 2ŊŊĸ 94 8Äš
ēŊ Ŋ%4 8 2#-2#Ŋ 81 Ŋ !'(3.Ŋ2 +3¢Ŋ,;2Ŋ+#).2Ŋ04#Ŋ242Ŋ!.,/#3(".Ĺ 1 2Ŋ/ 1 Ŋ% - 1Ŋ+ Ŋ,#" ++ Ŋ"#Ŋ.1.Ŋ#-Ŋ2 +3.Ŋ31(/+#ē
ēŊ Ŋ, 1!'(23 Ŋ+.) - Ŋ5#-!(¢Ŋ#-Ŋ+ Ŋ/1(,#1 Ŋ/14# Ŋ"#+Ŋ 3+#3(2,.ē
KdW cW‹WdW Z[ j_X_e ieb h[Y_X_ÂŒ W bei c|i Z[ )&& Z[fehj_ijWi gk[ _dj[hl_[d[d Z[iZ[ Wo[h [d [b Wj# b[j_ice Z[ bei I[]kdZei @k[]ei :[fehj_lei DWY_edWb[i 7Xiebk# jei" gk[ i[ Z[iWhhebbWd [d bW f_ijW Z[ Bei 9^Wigk_i [d Gk_je$ Bei (& a_bÂŒc[jhei cWhY^W ZWcWi \k[ bW fh_c[hW fhk[XW gk[ i[ Z_ifkjÂŒ$ ;b Wijhe h[o ZkZWXW [d iWb_h e de" [ije X[d[Ă’Y_ÂŒ W bWi cWhY^_ijWi" fehgk[ Æi[ i_dj_ÂŒ kd Yb_cW j_X_e" W]hWZWXb[ fWhW YWc_dWhÇ" cWd_# \[ijÂŒ bW ]WdWZehW Z[ bW c[ZWbbW Z[ ehe OWZ_hW =kWc|d" gk_[d Wdj[i Z[ fhWYj_YWh [b Wjb[j_ice i[ ÆYec‡W bei ]eb[iÇ" [d [b \‘jXeb$ 7b l[h gk[ [b WhYe i[ b[ Y[hhWXW o j[d_[dZe Yece ]k‡W W ik [djh[dWZeh =k_bb[hce =edp|b[p" i[ Z[Y_Z_ÂŒ feh bW cWhY^W$ Æ7 bei '* W‹ei [cf[Yƒ W Yecf[j_h o Yece bei h[ikbjWZei fei_j_lei i[ c[ Z_[hed i[]k‡ fWhj_# Y_fWdZeÇ" _dZ_YÂŒ bW be`WdW" gk[ \k[ [iYebjWZW feh FWebW Fƒh[p" Z[ 7pkWo" o feh ik ^[hcWdW @Wdd[j^" i[]kdZW o j[hY[hW h[if[Yj_lWc[dj[$ OWZ_hW dWY_ÂŒ [d PWcehW" i_d [cXWh]e feh [b Wfeoe gk[ b[ Xh_dZW bW <[Z[hWY_ÂŒd :[fehj_lW Z[ Be`W o fehgk[ l_l[ Z[iZ[ cko `el[d [d bW 9[dj_d[bW Z[b Ikh" i[ i_[dj[ Æeh]kbbeiW Z[ h[fh[i[djWh W
bW fhel_dY_WÇ" o Z[Z_YÂŒ [b jh_kd\e W jeZei bei be`Wdei$ +3 ĹŠ,;2ĹŠ+#).2
BW Wjb[jW Z[ =kWoWi CWohW FWY^_# je b[ Whh[XWjÂŒ bW c[ZWbbW Z[ ehe W bW _cXWXkh[‹W JWb‡W Gk_‹Wbk_iW" feh Wf[dWi *( Y[dj‡c[jhei" [d bW Ă’dWb Z[b iWbje jh_fb[ Z[ bei @k[]ei DWY_edWb[i" fhk[XW gk[ i[ Ykc# fb_ÂŒ [d bW f_ijW Z[ Bei 9^Wigk_i$ JWb‡W" decXh[ gk[ b[ fkie ikcW cWc| fehgk[ Æb[ ]kijW Yece YWdjW bW c[n_YWdWÇ" _cfkie kdW cWhYW Z[ ''$.)" c_[djhWi gk[ FWY^_je WbYWdpÂŒ bei '($(+" [b j[hY[h bk]Wh \k[ fWhW :[d_ii[ 9Wigk[j[ Z[ ;ic[hWbZWi$ 7dj[i Z[ fhWYj_YWh [b Wjb[j_ice" bW _cXWXkh[‹W WjW`WXW [d [b WhYe Z[b Yeb[]_e JƒYd_Ye DWY_edWb LWbb[ Z[b 9^ejW" f[he bW fWi_ÂŒd feh [b Z[# fehj[ XWi[ o [d [if[Y_Wb [b iWbje jh_# fb[ fkZ_[hed c|i" fWhW gk[ Z[iZ[ (&&* i[ Z[Z_gk[ W [ijW Z_iY_fb_dW$ 7YjkWbc[dj[ Gk_‹Wbk_iW jhW# XW`W Yece _dijhkYjehW Z[ `ÂŒl[d[i Wjb[jWi [d [b 9[djhe Z[ 7bje H[d# Z_c_[dje :ed F[Zhe Z[ 7heX[ [d IWb_dWi Z[ ik dWjWb ?cXWXkhW$
ĉćŊ*,ĹŠ, 1!' ĹŠ" , 2 ÄˆÄ“ĹŠ "(1 ĹŠ 4 ,;-Ŋĸ .) Äš ĉēŊ .+ ĹŠ _1#9Ŋĸ 94 8Äš ÄŠÄ“ĹŠ --#3'ĹŠ 4 ,;-ŊŊĸ .) Äš
ÄˆÄ‡ĹŠ*,ĹŠ5 1.-#2
ÄˆÄ“ĹŠ (%4#+ĹŠ +, !'(Ŋĸ (!'(-!' Äš ĉēŊ ĂŒ+ĹŠ 4#-  .ŊŊĸ 4-%41 '4 Äš ÄŠÄ“ĹŠ "1(;-ĹŠ .11#2ŊŊĸ 94 8Äš
+3.ĹŠ31(/+#ĹŠ" , 2
ÄˆÄ“ĹŠĹŠ 81 ĹŠ !'(3.Ŋĸ 4 8 2Äš ĉēŊ +~ ĹŠ 4( +4(2 Ŋĸ , 41 Äš ÄŠÄ“ĹŠ #-(22#ĹŠ 204#3#ŊŊĸ 2,#1 +" 2Äš
+(- ĹŠ" , 2
ÄˆÄ“ĹŠ 1~ ĹŠ .-31#1 2ŊŊĸ (!'(-!' Äš ĉēŊ (5( - ĹŠ + !(.ŊŊĸ (!'(-!' Äš ÄŠÄ“ĹŠ #-(22#ĹŠ 1% 2ŊŊĸ .2ĹŠ ~.2Äš
-9 ,(#-3.ĹŠĹŠ"(2!.ĹŠĹŠ5 1.-#2 ÄˆÄ“ĹŠ 4 -ĹŠ (!#".ŊŊĸ 1!'(ÄšĹŠÄŽÄ‡Ä“ÄŒÄ?ĹŠ ĸ #!.1"ĹŠ !(.- +Äš ĉēŊ 4 -ĹŠ %4(+#1 ŊŊĸ (!'(-!' Äš ÄŠÄ“ĹŠ "4 1".ĹŠ 4(-3#1.ŊŊĸ 1#++ - Äš
ik fh_c[hW c[ZWbbW Z[ ehe Z[ bei I[]kdZei @k[]ei :[fehj_lei DW# Y_edWb[i 7Xiebkjei" [d bW ceZW# b_ZWZ Z[ bei '$+&& c[jhei fbWdei" Wb ikf[hWh W bei WpkWoei 9h_ij_Wd L|iYed[p o 9Whbei 9edjh[hWi$ ;b eh_kdZe Z[ 7jkdjWgk_ i[ ceijhÂŒ Æ\[b_p feh ^WX[h be]hWZe [ijW fh[i[W fWhW c_ fhel_dY_W" ZedZ[ fkZ[ ^WY[hc[ kd dec# Xh[ [d [b Wjb[j_iceÇ" c[dY_edÂŒ kdW l[p gk[ h[Ykf[hÂŒ [b Wb_[dje , 41 ĹŠ!#+# 1 9ƒiWh F_bWbk_iW b[ Z_e W ?cXWXkhW bk[]e Z[ bW h[‹_ZW YWhh[hW$
+ĹŠ*Ä“.Ä“ĹŠ #23;ĹŠ!#1! ;d bei I[]kdZei @k[]ei :[# fehj_lei DWY_edWb[i 7Xiebkjei Gk_je (&''" F_Y^_dY^W" =kWoWi o FWijWpW" WlWdpWd Ă’hc[i Yed iki fk]_b_ijWi hkcXe W bWi Ă’dW# b[i Z[b Xen[e" gk[ i[ Ykcfb_h|d cW‹WdW$ ;d bW i[]kdZW `ehdWZW [\[Y# jkWZW [d [b 9eb_i[e @kb_e 9[iWh >_ZWb]e" Yed kd Xk[d cWhYe Z[ f‘Xb_Ye" bei Xen[WZeh[i Z[ bW fhe# l_dY_Wi c[dY_edWZWi WhhWiWhed Yed iki h_lWb[i o Z[`Whed YbWhe gk[ Yed bei YWdZ_ZWjei fWhW gk[# ZWhi[ Yed bWi c[ZWbbWi$ =kWoWi Yed YkWjhe f‘]_b[i" F_Y^_dY^W o FWijWpW Yed jh[i ied bei gk[ c|i efY_ed[i j_[# d[d Z[ bb[lWhi[ bW YehedW$ ;b [b[dYe beYWb Yk[djW Yed OWdZ[h Jehh[i" =kij_d_Wde o 9Whbei C_dW" c_[djhWi gk[ bei ĂˆWbX_Y[b[ij[iÉ ied h[fh[i[djW# Zei feh0 =_elWdd_ 9WcWY^e" C_]k[b CWhj‡d[p" ĂžjWbe F[h[W o
Ä“ĹŠ .2ĹŠ .7# ".1#2ĹŠ- !(.- +#2ĹŠ"#) -ĹŠ3.".ĹŠ2. 1#ĹŠ#+ĹŠ!4 "1(+;3#1.ĹŠ"#ĹŠ .+(2#.ĹŠ 4+(.ĹŠ _2 1ĹŠ (" +%.Ä“
<hWdY_iYe Ehj_p$ HW‘b LWh]Wi o :_[]e 8kYWhWc$ BWi Ă’dWb[i i[ Ykcfb_h|d cW# Feh ik fWhj[" bW fhel_dY_W WcWpÂŒd_YW Yk[djW W‘d [d Yec# ‹WdW [d [b 9eb_i[e @kb_e 9ƒiWh f[j[dY_W Yed0 @eh][ Gk_‹Œd[p" >_ZWb]e$
.,#- )#ĹŠ ĹŠ/1.3 %.-(23 2ĹŠ "#+ĹŠ/#1(."(2,.ĹŠ"#/.13(5.
.-ĹŠ,.3(5.ĹŠ"#ĹŠ!.-,#,.1 1ĹŠÄŠÄ?ĹŠ  .2ĹŠ04#ĹŠ+ ĹŠ!(4" "ĹŠ"#ĹŠ 4(3.ĹŠ54#+5#ĹŠ ĹŠ 2#1ĹŠ2#"#ĹŠ"#ĹŠ4-.2ĹŠ 4#%.2ĹŠ !(.- +#2ĔŊ#+ĹŠ"(1#!3.1(.ĹŠ"#ĹŠ .-!#-31 !(¢-ĹŠ #/.13(5 ĹŠ"#ĹŠ (!'(-!' Ŋĸ ēĚĔŊ/1#2("(".ĹŠ/.1ĹŠ -~ +ĹŠ 4#-3#2ĔŊ1#!.-.!(¢Ŋ + ĹŠ+ .1ĹŠ/#1(."~23(! ĹŠ"#ĹŠ5 1(.2ĹŠ!.,4-(! ".1#2ĹŠ2.!( +#2ĔŊ04#ĹŠ"#2"#ĹŠ#+ĹŠ  .ĹŠ ĈĒÄ?ÄŒĹŠ' -ĹŠ2(".ĹŠ3#23(%.2ĹŠ"#ĹŠ+.2ĹŠ%1 -"#2ĹŠ#5#-3.2ĹŠ"#/.13(5.2ĹŠ04#ĹŠĹŠ%#-#1¢Ŋ #23 ĹŠ -23(34!(¢-Ä“ĹŠ -31#ĹŠ#++.2ĹŠ#2345.ĹŠ +$.-2.ĹŠ 2.ĹŠ #1,#.Ŋĸ$.3.Ěē
Ä Ä‡
7 Ĺ? ĂĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ĺ?
Ĺ? +. Ĺ?
+ĹŠ3~/(!.ĹŠ1(5 +ĹŠ
ĹŠ
!4 ".1Ŋ8Ŋ _7(!.Ŋ2#Ŋ 54#+5#-Ŋ Ŋ5#1Ŋ + 2Ŋ! 1 2Ŋ#-Ŋ 2Ĺ 3 ".2Ŋ -(".2ē ^ ĔŊ ŊěŊ BWi i[b[YY_ed[i Z[
-"(" 3.ĹŠ#-ĹŠ ,#+#!
Ĺ—ĹŠ ĹŠĹŠ;b khk]kWoe =[hWhZe F[bkiie [i kde Z[ bei YWdZ_ZW# jei fWhW Wikc_h bW Z_h[YY_ÂŒd jƒYd_YW Z[ ;c[b[Y" bk[]e Z[ bW iWb_ZW Z[b Wh][dj_de EcWh 7iWZ$ F[bkiie oW Z_h_]_ÂŒ [gk_fei Z[b fW‡i" f[he iki c[`eh[i WYjkWY_ed[i Yece [djh[dWZeh \k[ Yed [gk_fei Y^_b[dei$
-3#1#2 ".ĹŠ#-ĹŠ )4% 1ĹŠ+ ĹŠ ' ,/(.-2
Ĺ—ĹŠ ĹŠĹŠ@[Ăľ[hied Cedj[he [ij| Z[ lk[bjW [d [b fW‡i Z[ifkƒi Z[ Y[hhWh kdW j[cfehWZW fei_j_# lW Yed [b B[lWdj[" W ZedZ[ \k[ Y[Z_Ze feh [b L_bbWhh[Wb$ 7^ehW [b Z[i[e Z[b Z[bWdj[he [YkWjeh_Wde [i h[jehdWh Wb ĂˆIkXcWh_de 7cWh_bbeÉ" ZedZ[ feZh| Z_ifkjWh bW B_]W Z[ 9Wcf[ed[i Z[b fhÂŒn_ce W‹e$
\‘jXeb Z[ Cƒn_Ye o Z[ ;YkWZeh i[ [d\h[djWd W bWi '+0&& Z[ ^eo [d I[Wjjb[ ;ijWZei Kd_Zei [d kd Wc_ijeie gk[ b[i f[hc_j_h| W WcXWi WĂ’dWh bei Z[jWbb[i [d ik fh[fWhWY_ÂŒd fWhW bW 9efW Ehe o bW 9efW 7cƒh_YW$ ;b [gk_fe Yed [b gk[ Cƒn_Ye ĹŠ Y^eYWh| Yed ;YkW# Zeh i[h| [b c_ice !4 ".1ĹŠ8ĹŠ gk[ fh[i[djWh| _7(!.ĹŠ2#ĹŠ' -ĹŠ #-$1#-3 ".ĹŠ#-ĹŠÄˆÄ‘ĹŠ [d bW 9efW Ehe" .! 2(.-#2ĹŠ"#2"#ĹŠ ĈĒÄ?ćĖŊ#+ĹŠ + -!#ĹŠ [b jehd[e Z[ bW #2ĹŠ"#ĹŠ".!#ĹŠ31(4-Äą 9edYWYW\ gk[ i[ $.2ĹŠ/ 1 ĹŠ _7(!.ĔŊ !4 31.ĹŠ#,/ 3#2ĹŠ Y[b[XhWh| Z[b + Wb 8ĹŠ".2ĹŠ5(!3.1( 2ĹŠ (+ Z[ `kd_e [d ') "#ĹŠ !4 ".1Ä“ Y_kZWZ[i Z[ ;i# jWZei Kd_Zei o [d ZedZ[ YecfWhj[ [b =hkfe 7 Yed ;b IWblWZeh" 9kXW o 9eijW H_YW$ BW ĂˆJh_YebehÉ" feh ik fWhj[" XkiYW f[h\[YY_edWh [b edY[ gk[ Z[XkjWh| [d bW 9efW 7cƒh_YW Z[ 7h][dj_dW gk[ _d_Y_W [b c[i Z[ `kb_e$
!4 ".1Äą _7(!. +(-# !(.-#2
^
4(++#1,.ĹŠ !'. $1 ~-ĹŠ 4;1#9 (! 1".ĹŠ 2.1(. 1 -!(2!.ĹŠ ."1~%4#9 1+.2ĹŠ +!(". $ #+ĹŠ ;104#9 #1 1".ĹŠ .11 ". -3.-(.ĹŠ (-' ĹŠ -"1_2ĹŠ 4 1" ". +~ 2ĹŠ #1-;-"#9ĹŠ :-%#+ĹŠ #8- Ä–ĹŠ .2_ĹŠ -4#+ĹŠ "#ĹŠ+ ĹŠ .11#
1!#+.ĹŠ +(9 % _(!#1ĹŠ # 2!.
4(2Ŋ '#! 2 !Ŋ (- (#%.Ŋ +"#1¢ #%4-".Ŋ 23(++. 1(23( -Ŋ . . +3#1Ŋ 8.5~ "(2.-Ŋ _-"#9 1(23( -Ŋ #-~3#9Ŋ #+(/#Ŋ (!#". ĖŊ #(- +".Ŋ 4#"
.1 Ä–ĹŠÄˆÄŽÄ–Ä‡Ä‡ 23 "(.Ä–ĹŠ 6#23ĹŠ (#+"ŊĸŊ # 33+#Äš 1 -2,(3#Ä–ĹŠ #+# , 9.- 2
ēŊ #"1.Ŋ 11# ĔŊ"#Ŋ !4 ".1ĔŊ#-$1#-3 Ŋ Ŋ (++ +49ĔŊ"#Ŋ _7(!.ĔŊ#-Ŋ4-.Ŋ"#Ŋ+.2Ŋ3 -3.2Ŋ/ 13(".2Ŋ04#Ŋ2#Ŋ' -Ŋ,#"(".ēŊ
;d [b [gk_fe Z[ H[_dWbZe Hk[# ZW ^Wo fh[eYkfWY_Œd" de iebe feh Yk|b i[h| [b [gk_fe gk[ fh[i[d# jWh| [b jƒYd_Ye YebecX_Wde" i_de feh [b Z[YW_c_[dje \kjXeb‡ij_Ye Z[b [gk_fe [d bei h[Y_[dj[i Wc_i# jeiei" fh[l_e W bW 9efW 7cƒh_YW o bWi [b_c_dWjeh_Wi ikZWc[h_YW# dWi Z[b CkdZ_Wb (&'*$
Ied jWdjei bei YWcX_ei gk[ ^W [\[YjkWZe Hk[ZW Z[iZ[ gk[ Wikc_Œ bW Z_h[YY_Œd jƒYd_YW Z[b [gk_fe [d W]eije fWiWZe gk[ W‘d de ^W h[f[j_Ze kdW c_icW Wb_d[WY_Œd$ :edZ[ c|i Yecfb_YWY_ed[i ^W ceijhWZe ^W i_Ze [d [b Y[djhe Z[ bW Z[\[diW jhWi bW iWb_ZW Z[ bei
l[j[hWdei X_ckdZ_Wb_ijWi ?l|d >khjWZe o =_elWddo ;if_depW$ JWcfeYe ^W [dYedjhWZe W bW fWh[`W Z[ Z[bWdj[hei" i[ fh[lƒ gk[ Wb_d[[ W <[b_f[ 9W_Y[Ze" Z[b [ifW‹eb B[lWdj[" o W 9h_ij_Wd 8[# d‡j[p" h[Y_[dj[c[dj[ jhWifWiWZe Z[b IWdjei Wb 7cƒh_YW" WcXei c[n_YWdei$
+Ŋļ Õ#1.ČŊ !.13¢Ŋ242Ŋ".2Ŋ,#2#2Ŋ"#Ŋ!.-31 3. (94#3#Ŋ31 ) Ŋ!.-ŊĊć
Ĺ—ĹŠ ĹŠĹŠ;b jƒYd_Ye Z[ bW i[b[YY_ÂŒd IkX (& Z[ ;YkWZeh" I_nje
L_pk[j[ \eje " Z[Ă’d_ÂŒ kdW dÂŒc_dW Z[ )& `k]WZeh[i gk[ c_b_jWd [d YbkX[i Z[b fW‡i fWhW [b CkdZ_Wb Z[ bW YWj[]eh‡W gk[ i[ Ykcfb_h| [d 9ebecX_W$ ;ijW b_ijW i[h| Z[fkhWZW o i[ j[dZh|d gk[ W]h[]Wh `k]WZe# h[i gk[ c_b_jWd [d YbkX[i Z[b [nj[h_eh Yece ;Zied Ced# jW‹e" @kWd 9WpWh[i e MWbj[h 9^Wb|$
} Ä“ĹŠ %4(- % ĹŠ++#%¢Ŋ ĹŠÄƒ-#2ĹŠ "#ĹŠ, 19.ĹŠ ĹŠ+ ĹŠ"(1#!!(¢-ĹŠ3_!-(! ĹŠ"#ĹŠ 1!#+.- Ä“
7b[n 7]k_dW]W i[ lW _dYÂŒceZe$ cWdZWje$ De fkZe b[lWdjWh [b Ăˆck[hjeÉ o 7 Zei \[Y^Wi fWhW gk[ YedYbk# WZ[bWdjÂŒ ik iWb_ZW Zei \[# oW bW [jWfW" 8WhY[bedW [i del[de Yed () fkdjei$ Y^Wi Wdj[i Z[ gk[ YedYbk# ĹŠ oW [b Yehje f[h‡eZe Zei c[i[i fWhW [b gk[ \k[ 1#3#73.ĹŠ 1!#+.- ĹŠ YedjhWjWZe$ #-$1#-3 1;ĹŠ ĹŠ (% ĹŠ 7]k_dW]W WZkY[ ik h[# 8WbWdY[i Z_\‡Y_b[i Z[ "#ĹŠ 4(3.ĹŠ#+ĹŠÄˆÄ‰ĹŠ"#ĹŠ dkdY_W" Wkdgk[ ƒb bW YWb_# 41 ĹŠ ^WY[h" f[he gk[ZW YbWhe )4-(.ĹŠ#ĹŠ , Ă’YW Yece h[j_he" ÆfWhW ZWh #+ĹŠÄˆÄ’Ä“ gk[ [b cec[dje Z[b ĂˆÂ‡ZebeÉ \WY_b_ZWZ[i W bei Z_h[Yj_lei de fWiW feh [djh[dWZeh0 gk[ [b_`Wd Wb dk[le fh[i_# [b Ăˆ=”[heÉ \k[ kdW cel_ZW Z[b Z[dj[ Z[b YbkXÇ" [b fhÂŒn_ce '' Z[ ĂˆFeY^eÉ 7b\edie >WhX fWhW XW`Wh `kd_e" f[he [ijWh| Wj[dje fWhW h[# [b jede W bWi Yh‡j_YWi Z[ bW Z[iWi# jehdWh i_ Wi‡ be Z[Y_Z[d$ ;b [djh[dWZeh i[‹WbÂŒ gk[ Æh[# jheiW YWcfW‹W Z[b [gk_fe [d ik
ikbjWh| _dYÂŒceZe i[]k_h Wb \h[d# j[ Z[ 8WhY[bedW ^WijW [b fhÂŒn_ce '/ Z[ `kd_e [d gk[ j[hc_dWh| bW fh_c[hW [jWfW Z[b jehd[e" c_[d# jhWi bWi [b[YY_ed[i i[h|d [ij[ '' Z[ `kd_eÇ$ :[ ik fei_Xb[ Yedj_dk_ZWZ" [b [nYWf_j|d Z[ bW ĂˆJh_YebehÉ i[‹W# bÂŒ gk[ Æ^[ j[d_Ze WY[hYWc_[dje Yed bei Zei YWdZ_ZWjei W bW fh[# i_Z[dY_W Z[ 8WhY[bedW" @eiƒ >[# hh[hW o Bk_i DeXeW" o bei Zei ^Wd ceijhWZe ik _dj[hƒi fWhW gk[ Yedj_d‘[ Wb \h[dj[ Z[b [gk_feÇ" YedYbkoÂŒ$
2ĹŠ/1(,#1 2ĹŠ"#ĹŠ.1.ĹŠ 8ĹŠ.31 2ĹŠ,;2ĹŠ"#ĹŠ/+ 3 ĹŠ 1 -*+(-ĹŠ ($ 2ĹŠ8ĹŠ (5( - ĹŠ !.23 ĹŠ +.%1 1.-ĹŠ,#" ++ 2ĹŠ"#ĹŠ.1.ĹŠ#-ĹŠ/#Äą 2 2ĹŠ8ĹŠ 3+#3(2,.ĔŊ1#2/#!3(5 ,#-3#Ä“ BWi fh_c[hWi fh[i[Wi Z[ ehe fWhW Jkd]khW^kW WfWh[Y_[hed Wo[h [d bW Yecf[j[dY_W gk[ ^_# Y_[hWd bei Z[fehj_ijWi <hWdab_d I_\Wi o L_l_WdW 7YeijW" [d bWi fhk[XWi Z[ b[lWdjWc_[dje Z[ f[iWi o Wjb[j_ice" h[if[Yj_lW# c[dj[" Z[`WdZe [d Wbje [b dec# Xh[ Z[ bW fhel_dY_W$ BW fWhj_Y_fWY_ÂŒd Z[ [ijei Yecf[j_Zeh[i \k[ cko h[‹_ZW Yed fhel_dY_Wi Yece F_Y^_d# Y^W" Bei H‡ei o 7pkWo [d bWi Z_\[h[dj[i YWj[]eh‡Wi$
<hWdab_d I_\Wi i[ _cfkie eX# j[d_[dZe c[ZWbbW Z[ ehe [d bW YWj[]eh‡W ĂˆWhhWdgk[É Wb b[lWdjWh '&( a_bei$ JWcX_ƒd ikX_ÂŒ Wb i[# ]kdZe bk]Wh Z[b feZ_e feh Zei eYWi_ed[i" be]hWdZe c[ZWbbWi Z[ fbWjW [d bWi YWj[]eh‡Wi Ăˆ[d# l_ÂŒdÉ b[lWdjWdZe '(. a_bei o [d bW ceZWb_ZWZ jejWb$ L_l_WdW 7YeijW jWcX_ƒd ik# X_ÂŒ Wb feZ_e Z[b fh_c[h bk]Wh YkWdZe ]WdÂŒ fh[i[W Z[ ehe [d bei '+&& c[jhei fbWde Z[b Wj# b[j_ice$
; ".ŊĉđŊ"#Ŋ, 8. 23 "(.Ŋ#+Ŋ ŗŊ #!1#.
ÄˆÄ‰Ä–Ä‡Ä‡ĹŠ -!'#2Äą 3#1ĹŠ52Ä“ĹŠ 1(#-3# ÄˆÄŒÄ–Ä‡Ä‡ĹŠ .+.1#2ĹŠ52Ä“ĹŠ , 41 ĈÄ?ĖććŊ .2ĹŠ . .2ĹŠ 52Ä“ĹŠ #5(++
23 "(.ĹŠ 4 !'(ĹŠ Ĺ—ĹŠ .3.1 2 ÄˆÄ‰Ä–Ä‡Ä‡ĹŠ , 41 ĹŠ 52Ä“ĹŠ ;/.+#2 ÄˆÄŒÄ–Ä‡Ä‡ĹŠ (3+(-#ĹŠ52Ä“ĹŠ #8#-.1 ĈÄ?ĖććŊ !(04#ĹŠ
:+5 1#9ĹŠ 23 "(.ĹŠ #-~3#9 Ĺ—ĹŠ ÄˆÄ‰Ä–Ä‡Ä‡ĹŠ #++ 5(23 ĹŠ
1Ä“ĹŠ52Ä“ĹŠ 149ĹŠ .) ÄˆÄŒÄ–Ä‡Ä‡ĹŠ #++ 5Äą (23 ĹŠ52Ä“ĹŠ !(04#ĹŠ 23#1ĹŠ ĈÄ?ĖććŊ !' -.ĹŠ 52Ä“ĹŠ #-#!(
23 "(.ĹŠ +3#1-.ĹŠ Ĺ—ĹŠ (#11 2 ÄˆÄ‘Ä–Ä‡Ä‡ĹŠÄ‰ÄŒĹŠ"#ĹŠ 8.ĹŠ52Ä“ĹŠ
45#-34"
Ä Ä
ŇĒđÄ?ĉÄ?
!(.- +#2ĹŠÄ‰Ä‡ÄˆÄˆ #" ++ 2ĹŠ. 3#-(" 2ĹŠ
ĹŠ #5 -3 ,(#-3.ĹŠ"#ĹŠ/#2 2 Ĺ— 1 -*+(-ĹŠ ($ 2
3#%.1~ ĹŠÄĽ 11 -04#ÄŚĹŠÄˆÄ‡Ä‰ĹŠ*%ŊŊĹŊŊ,#" ++ ĹŠ "#ĹŠ.1. 3#%.1~ ĹŠÄĽ#-5(¢-ÄŚĹŠĹŠÄˆÄ‰Ä‘ĹŠ*%ŊĹŊ,#" ++ ĹŠ"#ĹŠ /+ 3 ĹŠ 3#%.1~ ĹŠÄĽ .3 +ČŊŊĹŊŊ,#" ++ ĹŠ"#ĹŠ/+ 3 ĹŠ 3+#3(2,. Ĺ— (5( - ĹŠ !.23 ĹŠĹŠÄąĹŠĹŠÄˆÄŽÄ‡Ä‡,32ĹŠ/+ -.2ŊŊĹŊŊ
,#" ++ ĹŠ"#ĹŠ.1. ;4+ĹŠ 4#-  .ĹŠĹŠĹŠÄąĹŠĹŠÄˆÄ‡,32ĹŠ/+ -.2ŊŊĹŊŊ,#" ++ ĹŠ "#ĹŠ/+ 3
-!4#-31.2ĹŠ1#Â (".2ĹŠ '.8ĹŠ#-ĹŠĹŠ+ ĹŠÄĽ .- ĹŠ +3 ÄŚ ./ ĹŠ 1#!#1ĹŠ (Â 1(
7 ĂĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
;b Wjb[jW jkd]khW^k[di[ FW‘b 8k[dW‹e WYecfW‹Œ W ik YecfW‹[hW [d [b i[]kdZe bk# ]Wh Z[b feZ_e$
ĹŠ ĹŠ
>eo bei [iY[dWh_ei Z[fehj_lei Z[ bW B_]W 8Whh_Wb i[ fh[j[dZ[h|d Yed [b \‘jXeb h[Yh[Wj_le gk[ i[ Z[iWhhebbWh| [d fei Z[ bW YbWi_Ă’ # YWY_ÂŒd$
ŇĒđÄ?Ä’ÄŽ
Ä Ä‚
7 ĂĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
ĹŠ ĹŠ
, ) ".1ĹŠ "#ĹŠ !4 ".1 ĹŠ +#-!( ĹŠ#2ĹŠ#+ĹŠ$43 .+(23 ĹŠ#!4 3.Äą Ĺ—1( -.ĹŠ,;2ĹŠ$ ,.2.ĹŠ"#ĹŠ+.2ĹŠ04#ĹŠ"#2 1Äą
1.++ -ĹŠ24ĹŠ! 11#1 ĹŠ#-ĹŠ 41./ Ä“ĹŠ #1.ĹŠ-.ĹŠ #2ĹŠ4-ĹŠ! 2.ĹŠĂŒ-(!.Ä–ĹŠ#+ĹŠ #5 -3#ĹŠ!4#-3 ĹŠ #-ĹŠ242ĹŠÄƒĹŠ+ 2ĹŠ!.-ĹŠ".2ĹŠ"#+ -3#1.2ĹŠ!.-ĹŠ %1 -ĹŠ/.3#-!( +Ä–ĹŠ #+(/#ĹŠ (!#".ĔŊ!+ 5#ĹŠ #-ĹŠ+ ĹŠ2 +5 !(¢-ĹŠÄĽ%1 -.3 ČĔŊ8ĹŠ #Ä‚ĹŠ#12.-ĹŠ .-3#1.ĔŊ!#"(".ĹŠ/.1ĹŠ#+ĹŠ (++ 11# +Ä“ĹŠ 31.ĹŠ#,(%1 -3#ĹŠ"#23 ! ".ĹŠ#2ĹŠ#+ĹŠ !#-31.! ,/(23 ĹŠ '1(23( -ĹŠ . . ĔŊ 04#ĹŠ#)#1!#ĹŠ"#ĹŠ2#%4-".ĹŠ! /(3;-ĹŠ#-ĹŠ#+ĹŠ 4 (-ĹŠ 9 -Ä“ĹŠ -3#2ĔŊ)4% ".1#2ĹŠ!.,.ĹŠ 1,#-ĹŠ #-~3#9Ŋĸ #1#9ĹŠ8ĹŠ/ "1#ĹŠ"#ĹŠ '1(23( -ĹŠ #-~3#9ĔŊ$43 .+(23 ĹŠ"#+ĹŠ -Äą 3.2ĹŠ %4- ĚĔŊ 5;-ĹŠ 413 ".Ŋĸ 41!( ĚĔŊ 5;-ĹŠ 5(#"#2Ŋĸ #+3 ĹŠ8ĹŠ ++ ".+("ĚŊ 8ĹŠ .Ä‚ĹŠ1#ĹŠ 4#11¢-Ŋĸ #3 $#ĚŊ3 , (_-ĹŠ /1. 1.-ĹŠ$.134- ĹŠ#-ĹŠ 2/  ēŊ Äą +#-!( ĹŠ3(#-#ĹŠ4- ĹŠ!(3 ĹŠ/ 1 ĹŠ+ ĹŠ'(23.1( Ä–ĹŠ /4#"#ĹŠ!.-5#13(12#ĹŠ#-ĹŠ#+ĹŠ/1(,#1ĹŠ#!4Äą 3.1( -.ĹŠ#-ĹŠ% - 1ĹŠ+ ĹŠ ' ,/(.-2Ä“
.".2ĹŠ+.2ĹŠ.).2ĹŠ#-ĹŠÄĽ . .ÄŚ ÂĄ Ä“ĹŠ 4!4, ~.2ĹŠ5(5(1;ĹŠ#-ĹŠ/ -3 ++ ĹŠ%(% -3#ĹŠ#+ĹŠ)4#%.ĹŠ"#ĹŠÄĽ . .ČĔŊ04(#-ĹŠ#2ĹŠ4-ĹŠ1#$#1#-3#ĹŠ"#+ĹŠ$ĂŒ3 .+ĹŠ#!4 3.1( -.ĹŠ ĹŠ#2! + ĹŠ(-3#1- !(.- +Ä“
+ĹŠ)4% ".1ĹŠ#!4 3.1( -.ĹŠ/ 1 +(9 Äą 1;ĹŠ +ĹŠ/ ~2ĹŠ#-ĹŠ+ ĹŠ"#ÄƒĹŠ-(!(¢-ĹŠ"#ĹŠ+ ĹŠ
(% ĹŠ"#ĹŠ ,/#.-#2ĹŠ"#ĹŠ 41./ Ä“ L[h kdW Ă’ dWb Z[ ;khefW [djh[ [b 8WhY[bedW o [b CWdY^[ij[h" Yece oW WYedj[Y_ÂŒ [d (&&/" [i _cf[h# Z_Xb[ fWhW kd \Wd|j_Ye Z[b \‘jXeb" f[he [ijW l[p i[h| _cf[hZ_Xb[ fWhW jeZe ;YkWZeh$ ÂľBW hWpÂŒd5 Kde Z[ iki ^_`ei0 Bk_i 7djed_e LWb[dY_W [ijWh|
Yece fhejW]ed_ijW Z[ [iW Ă’ dWb [d bW Z[dec_dWZW YWj[ZhWb Z[b \‘jXeb" bW YWdY^W Z[ M[cXb[o$ ;b ĂˆJh[dY_jeÉ LWb[dY_W ^W [c# XWhYWZe W jeZW kdW dWY_ÂŒd W ^_d# Y^Wh feh [b CWdY^[ij[h Kd_j[Z" [gk_fe Yed [b gk[ fk[Z[ [iYh_X_h kdW f|]_dW Z[ ehe fWhW [b Z[feh#
j[ dWY_edWb" i_c_bWh[i W bWi gk[ h[Wb_pWhed ejhei Z[fehj_ijWi Z[ bW jWbbW Z[ @[Ăľ [hied Fƒh[p e 7bX[hje If[dY[h >[hh[hW$ Æ<[b_Y_ZWZ[i feh jeZe be ]hWd# Z[ gk[ Yedijhko[i fWhW [b ;YkW# ZehÇ" [iYh_X‡W ^WY[ ') Z‡Wi @[Ăľ [h# ied Fƒh[p [d ik Yk[djW Z[ jm_j[h$ Æ;djh[dWh[cei feh bW cW‹WdW" fWhW feZ[h l[h [b [dYk[djhe" [d [b gk[ [ijWhƒ Yed [b CWdY^[ij[h feh bW fWhj_Y_fWY_ÂŒd Z[ LWb[dY_W" feh c|i gk[ oe i_cfWj_Y[ Yed [b 8WhY[bedWÇ" Z_`e Ă›b[n 7]k_dW]W"
[nYWf_j|d Z[ bW i[b[YY_ÂŒd dWY_e# dWb o ^WijW Wo[h jƒYd_Ye Z[ 8Wh# Y[bedW Z[ =kWoWgk_b$ ;b [djh[dWZeh dWY_edWb \k[ [b gk[ Z[iYkXh_ÂŒ Wb ĂˆJh[dY_jeÉ LWb[dY_W [d bW fhel_dY_W Z[ Ik# YkcX‡ei YkWdZe i[ _d_Y_WXW [d [b \‘jXeb$ LWb[dY_W" Z[ (+ W‹ei" fk[Z[ Yedl[hj_hi[ [ij[ Z‡W [d [b fh_c[h \kjXeb_ijW [YkWjeh_Wde [d b[lWdjWh bW ĂˆEh[`edWÉ" Yece [i Z[# dec_dWZe [b jhe\[e gk[ bW K;<7 [djh[]W Wb c[`eh YbkX Z[ [i[ Yed# j_d[dj[$
7 ĂĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ä Äƒ
.ĹŠ1#2/#3 -ĹŠ+ ĹŠ #8
ŗŊ ŊŊ7bY_Z[i JWbW^kW" YedZkYjeh Z[ kd l[^‡Ykbe H[dWkbj Z[
} ĹŠĹŠ Ĺ—ĹŠ -ĹŠ1#% -3#ĹŠ"#+ĹŠ+4% 1ĹŠ#-!.-31¢Ŋ#+ĹŠ ! ";5#1ĹŠ#-ĹŠ'.1 2ĹŠ"#ĹŠ+ ĹŠ,  - ĹŠ"#ĹŠ 8#1Ä“ Ĺ—ĹŠÄˆÄ‰ĹŠ %#-3#2ĔŊ#-31#ĹŠ#++.2ĹŠ"#ĹŠ 1(,(Äą - +~23(! ĔŊ ., #1.2ĹŠ8ĹŠ .+(!~ ĹŠ 4"(!( +ĹŠ !.+ .1 1.-ĹŠ#-ĹŠ#+ĹŠ1#2! 3#Ä“ Ĺ—ĹŠ +ĹŠ#23 ".ĹŠ"#ĹŠ"#2!.,/.2(!(¢-ĹŠ-.ĹŠ /#1,(3(¢Ŋ04#ĹŠ1#!.-.9! -ĹŠ+ ĹŠ("#-3(" "ĹŠ "#+ĹŠ$ ++#!(".Ä“
! (. ŋ ( )(.,šŋ 60 , &ŋ#(. ,#),ŋ ŋ/( ŋ +/# ēŊ .2Ŋ' (3 -3#2Ŋ"#+Ŋ2#!3.1Ŋ2#Ŋ !#1! 1.-Ŋ/ 1 Ŋ31 3 1Ŋ"#Ŋ!.-.!#1Ŋ+ Ŋ("#-3(" "Ŋ"#+Ŋ! ";5#1ĔŊ2(-Ŋ+.%1 1Ŋ1#24+3 ".2ē
.2ĹŠ5#!(-.2ĹŠ"#+ĹŠ 2#!3.1ĹŠ"()#1.-ĹŠ04#ĹŠ -3#1(.1,#-3#ĹŠ8 ĹŠ 2#ĹŠ' -ĹŠ1#%(231 ".ĹŠ ! 2.2ĹŠ2(,(+ 1#2Ä“
Cec[djei Z[ WiecXhÂŒ l_l_ÂŒ Wo[h [d bW cW‹WdW B[el_]_bZe DD" Wb [dYedjhWh [b YWZ|l[h Z[ kd ^ec# Xh[ [d [b _dj[h_eh Z[ bW WY[gk_W Ăˆ:Whgk[WÉ" [d [b i[Yjeh Z[ bW gk[# XhWZW IWd @eiƒ Z[ F_dbbe$ ;b h[]Wdj[ _dZ_YÂŒ gk[ i[ Wfh[i# jWXW W WXh_h kdW Yecfk[hjW [d [b bk]Wh fWhW Z[il_Wh [b YWki[ Z[b W]kW Z[ h[]WZ‡e" YkWdZe [dYed# jhÂŒ [b Yk[hfe i_d l_ZW Z[ kd Y_k# ZWZWdW gk[ de \k[ _Z[dj_Ă’ YWZe oW gk[ i[ [dYedjhWXW [d [ijWZe Z[ Z[iYecfei_Y_ÂŒd$
C_[cXhei Z[b 9k[hfe Z[ 8ecX[hei" Feb_Y‡W @kZ_Y_Wb o 9h_# c_dWb‡ij_YW bb[]Whed Wb i_j_e fWhW fheY[Z[h W iWYWh Wb YWZ|l[h" gk[ i[]‘d Yec[djWhed" j[dZh‡W Wbh[# Z[Zeh Z[ YkWjhe W Y_dYe Z‡Wi Z[ f[hcWd[dY_W [d bW pWd`W$ HeXX_died CehWb[i" ikXj[# d_[dj[ Z[b 9k[hfe Z[ 8ecX[hei 7cXWje" _dZ_YŒ gk[ bk[]e Z[ h[# Y_X_h kdW bbWcWZW Z[b '&' i[ jhWi# bWZWhed Wb bk]Wh ZedZ[ [dYedjhW# hed Wb _d\ehjkdWZe [d fei_Y_Œd Z[Y‘X_je l[djhWb o [d [ijWZe Z[ Z[iYecfei_Y_Œd$ C_dkjei Z[ifkƒi iWYWhed [b Yk[hfe i_d l_ZW Z[iZ[ bW gk[XhW# ZW o be WfeijWhed [d bW YWhh[j[hW fWhW gk[ bei l[Y_dei Z[b bk]Wh be h[YedeY_[hWd$ 7b Z[ijWfWhbe" ik heijhe de i[ Z_l_iWXW" fk[i [hW [l_Z[dj[ [b Z[j[h_ehe Z[ ik ^kcW# d_ZWZ gk[ \k[ bb[lWZe W bW Ceh]k[ Z[b >eif_jWb :eY[dj[ 7cXWje$
#Ŋ#231#++¢Ŋ #-Ŋ .-3 +5.
Ĺ—
Ä“ĹŠ ĹŠ !#04( ĹŠ 104# ĹŠ' ĹŠ2(".ĹŠ#2!#- 1(.ĹŠ"#ĹŠ +%4- 2ĹŠ,4#13#2ĹŠ31;%(! 2ĹŠ/.1ĹŠ '.% ,(#-3.ĔŊ2#%ĂŒ-ĹŠ+.2ĹŠ,.1 ".1#2Ä“
/ 0)Ĺ‹') )Ĺ‹* , Ĺ‹,) , ) ,)(Ĺ‹ &Ĺ‹0# ,( -Ĺ‹/(Ĺ‹ /.)Ĺ‹ Bei cehWZeh[i Z[ bW khXWd_# pWY_ÂŒd ;b :ehWZe" kX_YWZW [d [b i[Yjeh Z[ bW Kd_l[hi_ZWZ JƒYd_YW Z[ 7cXWje" ^WY[d kd bbWcWZe W bei [ijkZ_Wdj[i W gk[ YedepYWd Z[ kdW dk[lW ceZWb_ZWZ Z[ heXe gk[ i[ ZW [d bWi YWbb[i Y[hYWdWi W bW [d# j_ZWZ ikf[h_eh$ I[]‘d _d\ehcÂŒ ;Zm_d BÂŒ# f[p" fh[i_Z[dj[ Z[ bW khXW# d_pWY_ÂŒd" ^WY[ kdei Z‡Wi" [d ^ehWi Z[ bW cW‹WdW" i[ iki# Y_jÂŒ kd dk[le _dj[dje Z[ heXe W kd fWh Z[ [ijkZ_Wdj[i" f[he W^ehW Yed bW kj_b_pWY_ÂŒd Z[ Y[c[dje Z[ YedjWYje$ BW _dj[hl[dY_ÂŒd efehjkdW
Z[ bei cehWZeh[i o [b i_ij[cW Z[ i[]kh_ZWZ gk[ [ij| l_][dj[ f[hc_j_ÂŒ jhkdYWh [b WiWbje$ 7 kdW `el[d b[ ^WXh‡Wd ]eb# f[WZe Yed kd fWbe [d bW YW# X[pW Z[`|dZebW _dYedY_[dj[" c_[djhWi gk[ W bW ejhW b[ h[# ]Whed bW ikijWdY_W deY_lW [d ik heijhe$ 7b l[h bW fh[i[dY_W Z[ lWh_Wi f[hiedWi bei f_bbei ^ecXh[ o ck`[h i[ Z_[hed W bW \k]W$ >WY[d kd bbWcWZe W bei kd_l[hi_jWh_ei gk[ [l_j[d Wd# ZWh iebei o c|i W‘d feh YW# bb[i ZedZ[ ^Wo feYe jh|Ă’ Ye l[^_YkbWh o jh|di_je f[WjedWb" fehgk[ [b f[b_]he [i bWj[dj[$
Yebeh d[]he o i_d fbWYWi" \k[ Z[j[d_Ze feh W][dj[i Z[ bW Feb_Y‡W feh ^WY[h YWie ec_ie W bW Wkjeh_ZWZ" _dj[djWh ^k_h o cWd[`Wh Yed Wb_[dje W WbYe^eb$ 7 bW WbjkhW Z[ bW Wl[d_ZW ') Z[ WXh_b o KhZWd[jW \k[ _dj[hY[f# jWZe o bb[lWZe W bW Kd_ZWZ Z[ ?dl[ij_]WY_ÂŒd Z[ 7YY_Z[dj[ Z[ Jh|di_je K_Wj ZedZ[ i[ d[]ÂŒ ^WY[hi[ bW fhk[XW Z[ WbYe^e# j[ij" feh be gk[ b[ Wfb_YWhed bW fhk[XW fi_Yeiec|j_YW Z[ WbYe^eb[c_W gk[ Z_e Yece h[# ikbjWZe gk[ i[ [dYk[djhW XW`e bW _dĂ“ k[dY_W Z[ WbYe^eb feh be gk[ \k[ Z[j[d_Ze o bb[lWZe Wb 9:F$
(Ĺ‹& Ĺ‹* ,,)+/# Ĺ‹ ,.v( 4 9ece jeZei bei Z‡Wi J[h[iW 8W# i|dj[p" ^WX_jWdj[ Z[ bW fWhhegk_W 7k]kije D_Yeb|i CWhj‡d[p Z[`ÂŒ ik Wkjecejeh Wb \h[dj[ Z[ ik l_# l_[dZW [d ^ehWi Z[ bW deY^[" ZedZ[ f[hcWd[Y‡W dehcWbc[d# j[ ^WijW [b i_]k_[dj[ Z‡W$ ;b WcW# d[Y[h Z[ Wo[h de \k[ _]kWb" fk[i [b l[^‡Ykbe de [ijkle c|i [d [b bk]Wh" ][d[hWdZe cec[djei Z[ Wd]kij_W [ _dY[hj_ZkcXh[ [d bW Y_kZWZWdW" gk_[d Z[ \ehcW _dc[# Z_WjW bbWcÂŒ W bW Feb_Y‡W$ KdW l[p gk[ bei kd_\ehcWZei bb[]Whed Wb bk]Wh" bW ZWcW _d\ehcÂŒ Z[ be ik#
Y[Z_Ze W Ă’ d Z[ gk[ i[ [cf_[Y[d bWi _dl[ij_]WY_ed[i Yehh[ifed# Z_[dj[i fWhW ZWh Yed [b fWhWZ[# he Z[ ik c[Z_e Z[ cel_b_pWY_ÂŒd$ I[]‘d _dZ_YW [b fWhj[ feb_Y_Wb" [b l[^‡Ykbe ikijhW‡Ze [i Z[ cWhYW 9^[lheb[j Yebeh XbWdYe Z[ fbWYWi F>:#&)' o bW deY^[ Z[ ‘bj_ce `k[l[i [ijkle [ijWY_edWZe [d bW YWbb[ 7bYehdegk[i [d [b XWhh_e IWd Bk_i Z[ bW fWhhegk_W CWhj‡# d[p$ I[ f_Z[ W bW Yeb[Yj_l_ZWZ gk[ [d YWie Z[ j[d[h _dZ_Y_ei Z[ [ij[ Wkjecejeh i[ Yeckd_gk[d Yed bW Feb_Y‡W DWY_edWb$
;b WkjecÂŒl_b Ikpka_" Yebeh Wpkb" Z[ fbWYWi F@O#*&. i[ [ijh[bbÂŒ o lebYÂŒ bW deY^[ Z[b `k[l[i [d bW fWhhegk_W Ced# jWble" YedjhW [b _dck[Xb[ Z[ I[]kdZe CWoeh]W$ ;b fh[ikdje YWkiWdj[ Z[b WYY_Z[dj[ ^koÂŒ Z[b bk]Wh feh be gk[ i[ Z[iYedeY[ Yk|b[i i[h‡Wd bWi YWkiWi Z[b WYY_Z[dj[$ ;b _cfWYje \k[ jWd \k[hj[ gk[ i[ Z[ifh[dZ_ÂŒ [b d[kc|j_Ye Z[bWdj[he Z[iZ[ ik XWi[ Z[ ik`[Y_ÂŒd o ejhei ZW‹ei Z[ Yedi_Z[hWY_ÂŒd$ ;b Y_kZWZWde W\[YjWZe _dZ_YÂŒ gk[ fedZh‡W bW Z[dkdY_W h[if[Yj_lW W Ă’ d Z[ gk[ i[ Whh[]b[d bei ZW‹ei h[Wb_pWZei [d ik fhef_[ZWZ$ C_[djhWi gk[ [b WkjecÂŒl_b \k[ bb[lWZe W bei fWj_ei Z[ h[j[dY_ÂŒd l[^_YkbWh Z[ ?pWcXW$
. .ĹŠ"#ĹŠ !!#2.1(.2
Ĺ—
BW Wl[d_ZW L‡Yjeh >k]e" [djh[ Bei 9^Wigk_i o Bei 7j_i" \k[ [b i_j_e f[h\[Yje fWhW gk[ bei Z[b_dYk[dj[i ^W]Wd Z[ bWi ikoWi bW deY^[ Z[b `k[l[i ((0)& Wb _dj[h_eh Z[ kdW YWc_ed[jW gk[ [ijWXW [ijWY_e# dWZW [d [b bk]Wh$ C_[djhWi C[djeh D" l_i_jWXW W ik fWh_[dj[ [d Z_Y^e i[Yjeh" bei Wdj_ieY_Wb[i i[ [dYedjhWhed Yed [b Wkjecejeh [d bW l‡W" feh be gk[ \ehpWhed iki i[]khei o i[ bb[lWhed [b YecfkjWZeh" hWZ_e o c|i eX`[jei Z[ lWbeh$
āą
7 ŏĂĉŏ ŏŏ ŏ ŏĂĀāā
ŏ +. ŏ
āą
8KI9E ;CFB;E
GIF=<JFI<J
-"8ũ . (-2.-ēũ -%+_2ēćĒĒĐćĒćĊĒ
1.$#2.1ũ
154+ 1( ēũ -$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
%1#2 " ũ"#ũ -%#-(#1~ ũ (.04~,(! ũ #+$ēĖũ ćđČććđĊĉĉ
-%#-(#1.ũ #-ũ "(2# .ũ -"4231( +ēũ (-$.1,#2ũ ĉČĈĉĈĈđĵćđĐćĉĎćĎĒ
(,/(#9 ũ "#ũ .$(!(- 2ũ 8ũ ,#-2 )#1 ēũ -$ēũ ćĒĒćĉĉđĈĊũ
-%#-(#1 ũ -"4231( +ũ #-ũ 1.!#2.2ũ "#ũ 43., 3(9 !(¢-ēũ -$ēũ ĉđĉČđďĊıũ ćđČĉđđďĊĊ
-%#-(#1 ũ #-ũ $(- -9 2ēũ ĉđĐČĉćĈĵćđĐđĈďĎĉĉ
(-$.1,#2ũ
4(" ".ũ "#ũ -!( -.2ũ 8ũ -( .2ēũ -$ēũ ĉČĉĊĎćĊũ
-%#-(#1 ũ#-ũ .-3 (+(" "ũ8ũ 4"(3.1~ ēũ -$ēũ ćĒđĎĒĐĈđď
4(" ".ũ "#ũ -( .2Ĕũ "4+3.2ũ , 8.1#2Ĕũ #-$#1,.2ũ #+$ēũćđĐĊĒđđĊČ
-%#-(#1 ũ#-ũ 1% -(9 !(¢-ũ"#ũ ,/1#2 2ēũ -$ēũĉČČĎĊĎĎ
(,/(#9 ũ "#ũ ! 2 Ĕũ .$(!(- 2ēũ -$ēũ ćđďĐďďĐĈćũĵũĉČĈĎČĎĊũ
-%#-(#1 ũ #-ũ ",(-(231 !(¢-ũ "#ũ ,/1#ı 2 2ēũ -$ēũćđĐĈđĈČĐĒ
,/+# " ũ".,_23(! ũćĒđđĒČďćĐ
-%#-(#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 -$ēũũ ćđĊĉĒĉđďČũ
-%#-(#1 ũ#-ũ +(,#-3.2ēũ -$ēũćđćĐĎĎĉĎČ
ũ #!#2(3.ũ !.2#1ũ . 1 2ũ ũ + ũ ! 2 ũ ++ , 1ũ ćĒĈĒĉćĈĉć
%1#2 " ũ "#ũ !.-.,~ ēũ -$ēũ ĉČČĈĎČČũ ĵũ ćĒĎďČČđČĒ
-%#-(#1.ũ #-ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũĉđĎĊĐĊĒũĵũćđČďćĐđĈďũ
ũ ēũ ēũ ēũ ćđČĎĈĊĐćĉũĵũĉđĉĐČČĉ
4#' !#1#2ũ ".,_23(!.2ēũ -$ēũ ĉČĈďĉĉďũ ĵũćđĊĈďĉđćĊ
47(+( 1ũ "#ũ .-3 (+(" "ēũ -$ēũ ĉČĈĉČđĉũ ĵũ ćđČĉďĈđĒĎũ
-%#-(#1.ũ"#ũ ,/1#2 2ũćĒĉĊĊđĊĎĎ
-%#-(#1.ũ (5(+ēũ -$ēũćĒĉĐćĒĐďĈ
4(" ".ũ ũ/#12.- 2ũ"#ũ+ ũ3#1!#1 ũ#" "ũ -$ēĖũćĒĎĊććďČĊũıũĉČĈďĈĎĈ
4"(3.1ũ !.-ũ ,/+( ũ #7/#1(#-!( ēũ -$ēũ ĉČĈĐĈĉĎũĵũćĒĉĒĊĐČČČũ -%#-(#1 ũ #-ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũĉĎĉćĉĈćũĵũćĒĉĐĉćĉČĒ -%#-(#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.ũ #-ũ ,/1#2 2ēũ -$ēũ ĉČĈČĉĊďũ ĵũ ćđĐđĈďđďćũ -%ēũ .,#1!( +ũ8ũ '.$#1ũ/1.$#2(.- +ũ!.-ũ 5#'(!4+.ũćđĊĎďĈďĒČ -%#-(#1.ũ -"4231( +ũ #-ũ 1.!#2.2ũ "#ũ 43., 3(9 !(¢-ēũ -$ēũ ćĊıũ ĉĐČďıćĐČũ ĵũ ćđĊĉĒĉđďČ -%ēũ #-ũ (23#, 2ēũ #+ũ ćđĈćĈĎđĊďĵũ ĉČĈďĈĐĉ -%#-(#1 ũ .,#1!( +ũ !.-ũ #7/#1(#-ı !( ũ #-ũ !. 1 -9 2ēũ -$ēũ ćđČĎćĊďđČũ ĵũ ćđĐČćĐĈćČũ -%#-(#1 ũ .,#1!( +ēũ -$ćđĐđĊĈĊđĒ %1#2 ".ũ"#ũ -%#-(#1~ ũ#-ũ +(,#-3.2ēũ -$ēũ ćĒđĊćđĒĈďũ -%#-(#1 ũ#-ũ ,/1#2 2ēũ -$ēũćđĐĒđĉĐĊĐũ
8;D@E@JKI8K@MFJ %1#2 ".ũ"#ũ ",(-(231 !(¢-ũ"#ũ ,/1#ı 2 2ēũ -$ēũćĒČđĎđĈĎĎēũ #!1#3 1( ũ )#!43(5 ēũ -$ēũ đĊĉČĊĊđČũ ",(-(231 ".1 ũ ũ "#ũ ,/1#2 2ēũ -$ēũ ĉČĉĊđĉĉĐĵćđĊĈĒĎĊĈĒ #!1#3 1( ēũ -$ēũćĒĎćĉđĐĉĊ %1#2 " ũ (#-!( 2ũ ",(-(231 3(5 2ēũ -$ēũ ćđĊĉďČćĉć / !(3 ".1ũ #-ũ ",(-(231 !(¢-ũ Ì +(! ēũ -$ēũćĒČĎĊćČćđ 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
%1#2 " ũ "#ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũĉČĈĈĐĉĈũĵũćĒĎĉĎććĎć
-%#-(#1.ũ !.,#1!( +ēũ ĉČĎĉĒĎćũ ĵũ ćĒĎĒđĉĒĒĒ
!.-.,(23 ēũ -$ēũćđČČĒĊĒćĈũĵũĉĎĉĈđČć
.-3 ".1 ēũ -$ēũĉČĉĎĒďćũĵũćĒĎČćĊĈĎđ
ũ -%#-(#1.ũ"#ũ ,/1#2 2ēũ -$ēũĉČČĉĉĐďũĵũ ćđĊĉĒĒĐĉĐ
%1#2 " ũ #-ũ -! ũ 8ũ (- -9 2ēũ -$ēũ ćĒĉĎĐććĈČ
-%#-(#1 ũ"#ũ ,/1#2 2ēũ .-3 ".1 ēũ -$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 -$ēũćđćĐČďĒďĈ .% " ēũ -$ēũĉČĈĊďĈĒũĵũćĒđĊĒČđČďũ %1#2 " ũ "#ũ #1#!'.ũ !.-ũ #7/#1(#-!( ũ #-ũ!.-3 (+(" "ēũ -$ēũćđĐıĉĒĐĉĐĊũĵũćĒďı ĊĒĈĈĒć 234"( -3#ũ #ũ #1#!'.ēũ -$ēũćĒĒćĎĊĊđĐ %1#2 ".ũ "#ũ 41(2/14"#-!( ēũ -$ēũ ćđĐďĒĎďČĊũ
GJ@:FCF>FJ 2(!¢+.%.ēũ -$ēũćđĐďĒĎďČĊ .2#.ũ#234"(.2ũĸĒũ2#,#231#2Ĺũ#-ũ 2(!.+.ı %~ ũ +~-(! ēũ -$ēũćđĐďĒĎďČĊũ 2(!¢+.% ũ +~-(! ēũ -$ēũ ĉČĐďĈĎĎũ ĵũ ćĒĈďĈĈĎćĎũ 2(!¢+.%.ũ -"4231( +ēũ -$ēũćđĐČČďĎĒĊũ 2(!¢+.%.ũ -"4231( +ēũ -$.1,#2Ėũ ĉđČďĈđČũ ĵũćĒĉĐđĊĉĎČ 234"( -3#ũ ćĒđććĒĈĎď
"#ũ
2(!.+.%~ ēũ
-$ēũ
2(!¢+.% ũ -"4231( +ēũ -$ēũ ĉČĈĈČďćũ ĵũ ćđČĈĐĈďĒĐ 2(!¢+.% ũ -"4231( +ēũũ -$ēũćĒĎČĉĉĈĊĊ 2(!¢+.% ũ -"4231( +ēũ -$ēũ ĉČĉĈĊČĈũ ĵũ ćđČďĈĎĊďćũ
@E><E@<IFJ -%#-(#1 ũ #-ũ +(,#-3.2ēũ -$ēũ ĉđĎĎĊĈĈũ ĵũ ćĒĎđĎĐĒďćũ %1#2 ".ũ"#ũ -%#-(#1~ ũ (.04~,(! ũ #+$ēĖũ ćđČĉĉĎČĒĊ
-%#-(#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
<DGC<F ;FD<JK@:F '(* ũ 3(#-"#ũ-( .2ũ8ũ"#2# ũ 3#-"#1ũ+.! +ũ ũ ,#"(.ũ3(#,/.ũ -$ēĖũćđĐďĎĊđĎĒĵĉČĈďĉĉď ,/+# " ũ".,_23(! ũ -$ēũćđĊďČĐĒćĒ
-%#-(#1 ũ .,#1!( +ēũ -$ēũ ĉđČďćĉČũ ĵũ ćĒďđćĉĐďĈ
#!-¢+.%.ũ#-ũ (23#, 2ēũ 1.$#2.1ũ"#ũ, 3#ı ,;3(! 2Ĕũ(-$.1,;3(! Ĕũ)#$#ũ"#ũ ."#% ēũ -$ēũ ćĒĎĊĉČĐĉďũ
%1#2 ".ũ "#ũ -%#-(#1~ ũ +#!31¢-(! ũ #-ũ .,4-(! !(.-#2ēũ -$ēũ ĉđĉĎďĐĈũ ĵũ ćđČĐđĎćĐĎũ
.-3 ".1 ũ !.-ũ #7/#1(#-!( ũ 2(23#-3#ũ !.-3 +#Ĕũ 2(23#-3#ũ"#ũ 1_"(3.ũ 2(23#-3#ũ ",(-(231 3(5.ēũ -$ēũĉđĉĉĉďćıćđĐĒđĈĐČ
-%ēũ #!;-(!.ēũ 2/#!( +(9 ".ũ#-ũ ",(-(2ı
4(" ".ũ ũ /#12.- 2ũ "#ũ + ũ Ċ1 ũ " "ũ ĉČĈďĈĎĈũıũćĒĎĊććďČĊ
31 !(¢-ũ"#ũ 1."4!!(¢-Ĕũēũ + , 1ũ +ũĉČĎĈĈĊČũ ĵũćĒĎđĎĎĐĈĉ -%#-(#1.ũ #-ũ #1! ".3#!-( ēũ -$ēũ #+$ēũ ĉđĎĒĊĒĈũĵũćĒČČćĎđČČũĵũćđĐđĈĐĉđĉ
4(" ".ũ "#ũ /#12.- 2ũ -!( - 2ũ -$ēĖũ ĉČĈďĉĉďũıũćđČũĊĊĈďĐĉ
-%#-(#1 ũ"#ũ ,/1#2 2ēũ -$ēũ #+$ēũćđďđĊĈĎĒũ ĵũćĒĈććďďĉď
"1#ũ #ũ '() ũ "#2# -ũ 31 ) 1ũ /4#1ı 3 2ũ "#-31.ũ .ũ $4#1 ũ -$ēĖũ ćđĊĈďĉđćĊũ ıũ ĉČĈĉĉď
-%#-(#1.ũ#-ũ (23#, 2ēũ -$.1,#2ĖũĉČĎĉĐĎĎũ ĵũćđĐČĒĊĉČĉ
4(" ".ũ "#ũ -( .2ũ 8ũ /#12.- 2ũ , 8.1#2ũ -$ēĖũćđĊĈďĉđćĊ
-%#-(#1.ũ #-ũ +(,#-3.2ēũ -$.1,#2Ėũ ćĒđĈĐĊđĐĉ
,/+# " ũ".,_23(! ēũ -$ēũćĒćĈĊćĊćĒ
-%#-(#1.ũ"#ũ ,/1#2 2ēũ -$ēũćĒđĐĎĉĐćĐ -%#-(#1.ũ #-ũ (23#, 2ēũ -$ēũ ĉđĎĊĒĉĊũ ĵũ ćĒđĎďČđČĈ -%#-(#1 ũ #-ũ #23(¢-ũ (- -!(#1 ēũ -$ēũ ĉČĎććĎćũĵũćĒĎĐĈČĒđď -%#-(#1 ũ #-ũ #23(¢-ũ (- -!(#1 ēũ -$ēũ ćđĐđĈďĎĉĉ
,/+# " ũ".,_23(! ēũ -$ēũćĒđđĒČďćĐ ,/+# " ũ ".,_23(! ēũ #+$ĖćđĒĒćĎĒČĉũ ĵćđĒĒĊĊĊĉČ ,/+# " ũ".,_23(! ēũ #+$ĖćĒćĐĐďĈĐČĵć đĒĒćĎĒČĉĵćđĒĒĊĊĊĉČ
(,/(#9 ũ"#ũ! 2 Ĕũ.$(!(- 2ēũ -$ēũćđďĐďďĐĈćũ ĵũĉČĈĎČĎĊũ
:?F=<I<J
.5#-ũ !.-ũ +(!#-!( ũ 2/.13, -ēũ -$ēũ ćđČĊĊĈďĐĉũ.ũĉČĈďĉĉď
'.$#1ũ /1.$#2(.- +Ĕũ +(!#-!( ũ 3(/.ũ ēũ -$ēũ ćĒĉČćĉĎĈĎ '.$#1ũ /.13, -ũ 3(/.ũ ġ ĢĖũ (-$ēũ ćđĈĐĈĒďĉđũ '.$#1ũ /1.$#2(.- +Ĕũ ! 3#%.1~ ũ ēũ -$ēũ ćđĐĊČĐČĎĉ '.$#1ũ !.-ũ (!#-!( ũ #+ēćđďĒđĐďČď
(/.ũ
ũ
#231.ũ #+#!31.,#!;-(!.ēũ .+" "41 ũ "#ũ 34 #1~ 2ũ ũ /1#2(¢-ēũ -$ēũ ũ ćĒĊćĎĊĈĒĉũ ĵũ ćđĈđĒĉĒĉďũ
#!1#3 1( ēũ -$ēũĉđČĉćĎĐũĵũćĒĉđćĊĉĈć
ũ _!-(! ũ 4/#1(.1ũ #-ũ .,/43 !(¢-ũ #ũ (-$.1,;3(! ēũ -$ēũćđćĊĎďĉĎĐ
#!#/!(.-(23 ēũ -$ēũćđĈđČĎĈČđ %1#2 " ũ "#ũ 1*#3(-%ũ 8ũ #23(¢-ũ "#ũ #%.!(.2ēũ -$ēũĉČĈĈćĎđũĵũćđĐćĉĒĐĒĐũ .2.ũ#-ũ.5#1+.!*Ĕũ1#!3 Ĕũ1#!4 1(".1 ũũ#-ũ ! 2 ēũ -$ēĖũćđđĈĊČĈĈď #!1#3 1( Ĕũ5#-"#".1 Ĕũ 2(23#-3#ũ"#ũ!.-ı 3 (+(" "ēũ -$ēũćđĐđĈďďĉĉũĵũĉđĉćďĎČũ 47(+( 1ũ#-ũ -$#1,#1~ ēũ -$ēũćđđĐĉĒĐďĐ #231 ũ #-ũ !.13#ũ 8ũ !.-$#!!(¢-ēũ -$ēũ ćđĊĈČďĎďď
'.$#1ũ /1.$#2(.- +ēũ -$ēĖũ ćđĉćČđĐĊĉũũ ĸćĊĹĉČĈĊČĉĊũ '.$#1ũ /1.$#2(.- +Ĕũ ũ !.-ũ ! ,(¢-ũ ćđĒćĎĎđćČ '.$#1ũ /1.$#2(.- +Ĕũ ! 3#%.1~ ũ ēũ -$ēũ ćĒđćĐćĉČČũ
#!1#3 1( ũ )#!43(5 ũ (+(-%Õ#ēũ -$ēũ ćđĒĐđĈćđć 47(+( 1ũ "#ũ .$(!(- ũ ĵũ ,#-2 )#1.ēũ -$ēũ ćđĐĎĎĉĊďĈ .-2#)#1~ ũ ~ +(! ũ #1 /_43(! ũ #+$ēĖũ ĉđĉĈĊĐĊũıũćĒđĎČďĎđĐ .,4-(! !(¢-ũ .!( +ēũ -$ēũĉđĉďĒĉĉ #1 /( ũ ~2(! ēũ -$ēũĉČĈĐĐĉĒ 234"( -3#ũ"#ũ"(2# .ēũ -$ēũćđČďđĉĉćĉ
(!ēũ .,4-(! !(¢-ũ .!( +ēũ -$ēũĉČĈĉćĒĊ
-3#-(,(#-3.ũ "#ũ /(2!(- 2ēũ -$ēũ ćđĈĐĈĒďĉđ
'.$#1ũ /1.$#2(.- +ēũ -$ēũ ćĊĉũ ČĈĉĊćđũ ĵũ ćđČĈČđđđĊ
-$ēũ
-3#-(,(#-3.ũ "#ũ /(2!(- 2ēũ -$ēũ ćđĈĐĒďĉđ
'.$#1ũ/1.$#2(.- +Ėũ -$.1,#2ĖũĉČĉĐĎĊđ
'.$#1ũ /1.$#2(.- +Ĕũ +(!#-!( ũ 3(/.ũ ġ Ģēũ #-%.ũ ! ,(¢-ēũ 3#+_$.-.Ėũ ćĒĒĉćĊĐĎđũ ıũ ĉĎĉĉđĊđ
5#-3.2ēũ
.,4-(! !(¢-ũ .!( +ēũ 1."4!!(¢-ũ 1 "( +Ĕũ ,42(! +Ĕũ+.!4!(¢-Ĕũ2.-("(23 ēũ -$ēũĉČĉĊĎĊĒũ ĵũćĒĒćĒđĎĊĈē
# .1 ũ / 1 ũ 31 ) 1ũ #-ũ ! 2 ũ -$ēũ ĉČĈďĉĉď
ĵũ
"#ũ
)#1 ũ ĵũ 5#-"#".1 ũ ĵũ 1#!#/!(.-(2ı 3 ēũ ũ ,#"(.ũ 3(#,/.ēũ -$ēũ ĉđĎĎćĈćũ ĵũ ćĒĉČĊĒĉďĎũ
'.$#1ũ /1.$#2(.- +ēũ (/.ũ ũ -$.1,#2Ėũ ĉČĉĉĒĐćĵćđĐĊČĉĈĐď
ĉđĎďČćĒũ
.,4-(! ".1ũ 2.!( +ũ ĵũ #+ !(.- ".1ũ Ì +(!.ũ ĵũ #231.ũ "#ũ #1#,.-( 2ēũ -$ēũ ćđČćĈĐČďĒ
..1"(- ".1 ũ ćĊĉĉĐČćđĈĐ
#ũ1# +(9 ũ31 ).2ũ"#ũ/(-341 ũ#-ũ! 2 ũ -$ēĖũ ćĒĒćĈĉĊĈć
'.$#1ũ /1.$#2(.- +ēũ ćĒĎĎćďďĐđ
84" -3#ũ"#ũ.$(!(- ũĵũ 47(+( 1ũ"#ũ#-$#1ı ,#1~ ēũ -$.1,#2ĖũćĒđĉćĉĈĈĉ
.5#-ũ!4(" ".ũ"#ũ-( .2Ĕũ/#12.- 2ũ, 8.ı 1#2ũ.ũ 11#%+.ũ"#ũ! 2 ēũ -$ēũćđĊĈďĉđćĊ
'.$#1ũ/1.$#2(.- +ēũ(/.ũ ũũ!.-ũ! ,(¢-ũ"#ũ Ďũ3.-#+ " 2ē -$ĖũćĒĐĈĊĉďĈČ
'.$#1ũ/1.$#2(.- +ũĵũ #%41(" "ũ -"4231( +Ėũ -$ēĖũćĊĉđĎĈđďđıćĒĉĎĒćĈđđ
4/#15(2.1ũ"#ũ ."#% ēũ -$ēĖũćĒĉũĒĎũĎđũćĉũ IJũĉũČĉũČČũĉĎũũũ
#-2 )#1.ēũ -$ēũĉĐďĉĊđĉ
M8I@FJ
'.$#1ũ /.1, -ũ -$ēĖũćĊĉũđČćĉćĊ
#15(!(.ũ"#ũ .1" ".2ũ ũŌũćĔđćũ+ ũ".!#- ēũ -$ēũćĒđĈďćČĎĊ 4#' !#1#2ũ ".,_23(!.2ēũ -$ēũ ĉČĈďĉĉďũ ĵũ ćđĊĈďĉđćĊũ #!-¢+.%.ũ #-ũ 2(23#, 2ēũ ĉČĉĊđĉĉĐĵćđĊĈĒĎĊĈĒ
-$ēũ
.,4-(! ".1 ũ .!( +ēũ -$ēũ ćđĊććĎĒČĊũ ĵũĉđĉďĒĉĉ ũ #!;-(!.ũ(-"4231( +ēũ -$ēũćĒĎćĒĊĉćĉũ _!-(!.ũ#-ũ(-$.1,;3(! ēũ -$ēũćĒđđďĒĈćĊ ũ #!1#3 1( ũ (+(-%Õ#ēũ -$ēũĉđĎĉĊďć
(!#-!( " ũ #-ũ 1 ).ũ .!( +ēũ -$ēũ ćĒĎďĐĎĈĉĉ _!-(!.ũ #-ũ (23#, 2ēũ -$ēũ ćđĐćĎĊďĊćũ ĵũ ĉđĉĈďđČ ũ (!#-!( " ũ#-ũ .,4-(! !(¢-ũ .!( +ēũ -$ēũ ćĒĎćĉĒĒďđ
ũ !'(++#1ũ _!-(!.ēũ +#!31(!(" "ũ -"4231( +ēũ -$ēũĉĐĎĎććć
2(23#-3#ũ"#ũ.$(!(- ũ #+$ĖũćđČıĉĉĉıĉćĎ
#-"#".1ēũ -$ēũćđĐĎČćĈďČ 4 1"( ũ"#ũ #%41(" "ēũ -$ēũćĒđĉĉćđďČ %#-3#ũ!423."(.ĵũ#2!.+3 ũ"#ũ2#%41(" "ēũ -$ēũćđđĈďćďĈĒ )#1.Ĕũ /#1!'#1.Ĕũ "(%(3 ".1Ĕũ 3#!-¢ı +.%.ũ #-ũ !.,/43 !(¢-ēũ -$ēũ ĉČĈđćĉďũ ĵũ ćđĊćĎđĊćĒ
!'(++#1ũ #-ũ ćĒĉĎĈĊĉĊĒũ
(-$.1, 3(! ēũ
-$ēũ
,/+# ".ũ -! 1(.ũ!4 +04(#1ũ;1# ėũ!'.ı $#1ũ /1.$#2(.- +ũ #+$ēũ ćĒĎĒďĎČĊĐũ 8ũ ćĊũ ĉČĈćČČĉ #!#/!(.-(23 ēũ -$ēũ ćĒĒČćĊČĐĒũ ĵũ ćđĉďĎďĉČćũ
(!#-!( " ũ#-ũ 41(2,.ũ (23¢1(!.ũ 4+34ı 1 +ēũ -$ēũćĒćĊĈĒĐČć
#!-¢+.%.ũ#-ũ -;+(2(2ũ"#ũ (23#, 2ēũ -$ēũ ĉČĎĉĒĎČũĵũćđĊćĈĎďĈĉũ
'.$#1ũ2/.13, -ēũ -$ēũćđĐďďĉĊĊĊũũũũũ
.3.1(9 ".ũ !.,.ũ ,#-2 )#1.ũ 8ũ / /#+#2ũ +ũ "~ ũ ,.3.ũ /1./( ēũ ćĒĉĒđČĐĈćēũ (;-ũ %4(11#
%1#2 " ũ"#ũ 41(2,.ũ!.-ũ,#-!(¢-ũ#!.ı +¢%(! ēũ -$ēũćđČĐĈĊďďĈũ
'.$#1ũ /1.$#2(.- +ũ ćĒĒćĈĉĊĈć
1."4!!(¢-ũ 4"(.5(24 +ũ -$ēĖũ ĉČĉćĈĎČũ ıũ ćĒĎĎČďĉĒĐ
'.$#1ũ/1.$#2(.- +ũ3(/.ũġ Ģũ/ 1 ũ3 7(2ũ8ũ ! ,(.-#2ũ"#ũĎũ3.-#+ " 2ēũ -$ĖũĉČććđĎĎũ ıũćĒĎĐĒĒĈČĊũũũũũũ
42! ũ 31 ).ũ
'.$#1ũ3(/.ũ ũćđĈĉĎĒČĒĐ
84" -3#ũ 1/(-3#1.ũ -$ēĖũĉČďćČĈĊ
'.$#1ũ 1.$#2(.- +Ĕũ +(!#-!( ũ 3(/.ũ ēũ -$ēĖũ ćđđĈĊČĈĈď
13#2 -.ũ ! +($(! ".Ĕũ $ 1(! ũ 5 1(#" "ũ "#ũ ,4# +#2ēũ!#+ēĖũćĒĐĈĈČĐĈćď99 41%.-#3 ũĈĐũ/ 2 )#1.2ũ -$ēĖćĒĉđĎćĈĈđ
:FEJKIL::@FE #ũ1# +(9 ũ31 ).2ũ"#ũ/(-341 ũ#-ũ! 2 2Ĕũũ #+$ĖũćĒĒćĈĉĊĈć
11#%+.ũ! 2 2Ĕũ"#/ 13 ,#-3.2ũ4ũ.$(!(- 2Ĕũ 84" ũ8ũ!4(" ".ũ ũ "4+3.2ũ, 8.1#2ēũ -$Ėũ ćĒđĐĎĉđĈď
-%#-(#1.ũ #-ũ ,/1#2 2ēũ -$ēũ ĉČĈĎĊĒćũ ĵũ ćđćďĈĈćĒć
(,/(#9 ũ"#ũ! 2 2Ĕũ"#/ 13 ,#-3.2Ĕũ.$(!(ı - 2ēũ -$.1,#2ĖũćĒćĊĊĎĈĐďũĵũĉĐĎČďĈĉēũ
ũ 4#13 2ũ 43.,;3(! 2ũ !#++ĖũćđČĎĎĐĎđćũıũćĒĊćĒđĉĐĒ
-%#-(#1.ũ .,#1!( +ı '.$#1ũ /1.$#2(.- +ēũ -$ēũćđČČĈČđĎć
ũ 2#15(!(.2ũ !4(" -".ũ -( .2ũ -$ēĖũ ĉđČĎďđćũıũćĒĐĉĉĈććď
#!-¢+.%.ũ (5(+ũ 8ũ ( +ēũ -$Ėũ ĉČĉĉĒĐćĵũ ćđĐĊČĉĈĐď
-%#-(#1 ũ #-ũ #23(¢-ũ (- -!(#1 ēũ -$ēũ ćĒĎĐĈČĒđďũĵũĉČĎććĎć
4(" ".ũ"#ũ -!( -.2ēũ -$ēũćĒđđćĎĊČćũ
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
4(" ".ũ"#ũ -!( -.2ēũ -$ēũćĒĉĐćĎĒČď
'.$#1ũ /1.$#2(.- +ũ ĵũ 1# +(9.ũ 5( )#2ũ !.-ũ 5#'~!4+.ũ/1./(.ēũ -$ēũćđĊĈĈĐćĊĉ
(-3.1ũ/1.$#2(.- +ũ"#ũ! 2 2ũ/(-341 2ũ"#!.ı 1 3(5 2ũ -$ēĖũćđČĎćĉČČĉũIJũćĒĒćĈĉĊĈć
-%#-(#1.ũ .,#1!( +ēũ -$ēũ ĉČĎĉĒĎćũ ĵũ ćĒĎĒđĊćć
-%#-(#1 ũ .,#1!( +Ėũ -$ēũũĉđćĎČĎĈ
+#!31(!(23 ēũ -$ēũćĒĉĎđćĊćĒũ
#ũ1# +(9 ũ31 ).2ũ"#ũ/(-341 ũ#-ũ! 2 2Ĕũũ #+$ĖũćđĎĉćČĈĐĒ
(2# ".1ũ/4 +(!(3 1(.ēũ -$ēũćđČĎđČďĒđũũ
(!#-!( ".ũ #-ũ "4! !(¢-ũ , (#-ı 3 +ũ 8ũ !.341(2,.ēũ -$ēũ ćĒđđĎđđĊćũ ĵũ ĉđČĉĊĈćũ (-3.1ũ /1.$#2(.- +ũ "#ũ ! 2 2ũ /(-341 ũ "#!.1 3(5 ũ #-ũ %#-#1 +ũ % 1 -3(9 ".ēũ ćĒĒćĈĉĊĈć
4~ ũ341~23(! Ĕũ/1.$#2.1 ũ"#ũ (+.2.$~ ēũ -$ēũ ćĒćĊĈĒĐČćũ
(!#-!( ".ũ #-ũ "4! !(¢-ũ , (#-ı 3 +ũ 8ũ !.341(2,.ēũ -$ēũ ĉđČĉĊĈćũ ĵũ ćĒđđĎđđĊć
!'(++#1ũ 4~,(!.ũ (¢+.%.ēũ -$.1,#2ũ ćđĐĒĎĒćĉČĵćđĐĈĎďĒĎĒ
42!.ũ#,/+#.ũ!.-.!(,(#-3.2ũ"#ũ(-%+_2Ĕũ !.,/43 !(¢-ĔũćĒĎČďĎĊĉĐ
1#-2(23 Ĕũ#7/#1(#-!( ũ#-ũ(,/1#-3 2ēũ -$ēũ ćĒĒĒďČđĈďũĵũĉđĉĉďĐĒũ
#!1#3 1( ēũ -$ēũĉđĎĎćĈćũĵũćĒĉČĊĒĉďĎ
-$#1,#1 ēũ ćđČĎČĐČĈĒ
-$ēũ
ćĒĐĎďĉĎĒćũ
ĵũ
ũ #-2 )#1.ũ .3.1(23 ēũ -$ēũĉČĈĒĉĊĐ ũ #!#/!(.-(23 ũĵũ 2(23#-3#ũ .-3 +#ēũ -$ēũ ćđĐĊđďĈĉĐ
%1#2 ".ũ"#ũ 1% -(9 !(¢-ũ"#ũ ,/1#2 2ēũ -$ēũćđĐĉĐďĈĐćũĵũĉĎĉĈćĐĒ ũ ũ .-3 !3.ĖũćĒĎĎďđĎĐĒ ũ ũ +_!31(! 2ũ !;, 1 2ũ"#ũ5(%(+ -!( ũ #+ēĖũćđČĎĎĐĎđć /-,-/
-% '41!.ũ ).ũ)4-3.ũ ũ 1, !( ũ 2/ ũ ĸ 8.ũĉđŇĒđďćĎĹ
ũ ũ /1./(#" "ũ ,#).1ũ 2#!ı 3.1ũ 3 3#ũ ĊĊćēćććũ -#%.!( +#2ũ ďũ !4 "1 2ũ "#ũ 3#11#-.ũ -$ēĖũ ćĒđĒćĒĊĉĉũ ıũćĒďĉĐČĊČď #-".ũĎēĉĎćũ,ĉũ2#15(!(.2ũ ;2(!.2ũŌũĈĎũ
,ĉũ -#%.!( +#2ũ ũ + ".ũ .,/+#).ũ # +ũ 5~ ũ ũ , -% ũ -$ēĖũ ćĒćĎĊĐĈćĐũ ĸ 4-(.ũ ćĈŇĒđđććĹũ
7!#+#-3#ũ (-5#12(¢-ũ 5#-".ũ 3#11#-.ũ "#ũ
ĈČēĎććũ ,ĉĔũ +#" .ũ ũ 31#2ũ ! ++#2Ĕũ (ı ! ".ũ#-ũ#+ũ2#!3.1ũ 4 !'(ũ '(!.ũĔũ 11(.2ũ .+~2Ĕũ !.-ũ 3.".2ũ +.2ũ 2#15(!(.2ũ ;2(!.2ēũ #+$ēũ ćĒĊĊČđĈćĊũ ıũ ćđĎďďĈĒđĉũ ĸ 8.ũ ĉđũŇũĒđďĐĐĹ
ũ ēũ #/ 13 ,#-3.ũ#-ũ 4(3.Ĕũ #-ũ+ ũďũ"#ũ"(!(#, 1#ũ8ũ ~.ũ .! Ĕũ .11#2ũ "#ũ -ũ 2("1.ēũ #+$ēũćĒĒćĉďĒĒĉē .-(3.ũ ,(-(ũ ũ 24(3#ũ ũ !.-ũ 3#11 9 ũ (-"#ı /#-"(#-3#ũ / 1 ũ /#12.- ũ 2.+ ũ .ũ / 1#) ēũ #+$ēĖũ ĉđĉĒĈĒČũ IJũ ćĒĊđĒďđĒĒũ ĸ 8.ũ ĉđŇĒđďĊĈĹ 11(#-".ũ.ũ5#-".ũ"#/ 13 ,#-3.ũ!#-31 +ũ / 1 ũ .$(!(- 2ũ .ũ 5(5(#-" ēũ #+$ēĖũ ĉđĉĈĊĐĈũ IJũćđĊĈČĊĒĒđũĸ 8.ũĉđŇĒđďĈćĹ
11(#-".ũ ."#% ũ 3(#-#ũ !.!(- ũ 3 ũ
/ 1 ũ %(,- 2(.ũ 2 + ũ "#ũ 14, ũ 3#1 /( ēũ
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 #!#2(3.ũ 31 ).ũ .ũ #,/+#.Ĕũ 2.8ũ !'.ı $#1ũ /1.$#2(.- +ũ !.-ũ +(!#-!( ũ 3(/.ũ ġ Ģũ !.,4-(! 12#ũ +ũ #+ēĖũ ćđćĐďćĒČČũ IJũćđćĐďćĒČČ
#04(#1.ũ5#-"#".1ũ/ 1 ũ!#-31.ũ!.,#1ı
!( +ũ ũ ũ ++ũ "#ũ +.2ũ -"#2Ĕũ 3(#,/.ũ !.,ı /+#3.Ĕũ #-5( 1ũ !411(!4+4,ē11''ľ5(#13(- ē !.,ũ
#!#2(3.ũ 1 ēũ 13 2ēũ 1 ).ũ #-ũ 5#+ 2ũ
1#23(%(.2 ũ#,/1#2 ũ"#ũ!. 1 -9 ũ2.+(ı
!(3 ũ,.3.1(9 ".ũ!.-ũ#7/#1(#-!( ēũ 7!#ı +#-3#ũ24#+".ēũ -$ēĖũćĒćČđĎĎĐĊũ.ũ#-5( 1ũ '.) ũ "#ũ 5(" ũ ũ 24/#15(2.1Ċ4(.ľ%, (+ē !.,ũĸ 8.ũĊĈŇĒđĐĎČĹ
&21-8172 35,9$'2 (/ 0$1$17,$/
9(1'2 /27(6 '( 7(55(12
9LYLU HQ IDPLOLD 1R SDJXH DUULHQGR SDJXH VX FDVD R GHSDUWDPHQWR $FDED GRV GH SULPHUD HVSDFLRV DPSOLRV \ FyPRGRV &DVDV P FRQ WHUFHU SUR\HF WR 'HSDUWDPHQWRV P \ P &RQ WRGRV ORV 6HUYL FLRV ,QI 7HOI
*UDQGHV \ SHTXH xRV WRGRV ORV VHUYL FLRV GHSDUWDPHQWRV \ FDVDV FRQV~OWHQRV 7HOI
+ũ/4 +(!.ēũ -$ēũĉđĉĒĊĐć
1#23(%(.2 ũ -(" "ũ "4! 3(5 ũ1#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#".
ũũ
ũũ
;D 9EEF;H7J?L7 ÆB7I F7BC7IÇ Z[ ;ic[hWbZWi
FK;IJE ;D 9EEF;H7J?L7 ÆB7I F7BC7IÇ :; ;IC;H7B:7I
?D<EHC;I$0 (-(&#/// &/(&'*&,* &0
?D<EHC;I$0 (-(&#/// &/(&'*&,* &0
13#2 -.ũ ! +($(! ".ũ $ 1(! ,.2ũ /4#1ı
3 2Ĕũ!+.2#32Ĕũ,4# +#2ũ"#ũ!.!(- ũ8ũ1#/ 1.ũ 3.".ũ3(/.ũ"#ũ,4# +#2ũ #+$ēĖũćĒĐĈČĐĈćď
ũ ēũ #1ı
5(!(.ũ "#ũ +4).Ĕũ 2#1(#" "Ĕũ 5 1(#" "ũ 8ũ "(23(-!(¢-ēũ .3 +ũ #+ 7ũ !.-3 !3.2ũ +ũ ćđĊĉďďĒĒĐĸ 8.ũĉđŇũĒđĐďĒĹ
7C87JE0 9Wij_bbe &-#(/ ;Z_\_Y_e Jehh[iYe [djh[ @kWd 8[d_]de L[bW o '( Z[ Del_[cXh[" Yedikbjeh_e B#+ fbWdjW XW`W$ H?E87C870 9WhWXeXe '&#(( o / Z[ EYjkXh[$ J[b\i0 (/,+'/'
'(6'(
/-,.-
"MJTBEP 1FSNBOFOUF DPO ,FSBUJOB
$0,.1 -&$%*+ !7
/.,*(
.%+-$1 '(0+)'0$&.0$1 $4$&.0$1 $,'(.-'1 '%$&.0$1 &' ./$ .-)',$&.0'1 #+20+-$1 '2%
# ! " !
+0 4 2$*3$,/$ 5 3+6 3+6 !',( ',
! "
@ > E I C 7 H
;nf[hje [d b_]WZkhWi o 9khWY_ed[i W YehjW o bWh]W Z_ijWdY_W
6( 9(1'(
/.,++
(Q ,]DPED P YtD D 3tOODUR IUHQWH D JDVROLQHUD (O &RORPELDQR FDVD FDQFKDV \ FHUUDPLHQWR ,QI
/..&)
L;D:E 7J797C;I FB7O7 7F7HJ7C;DJEI <H;DJ; 7B C7H 7J797C;I 9;DJHE
2À FLQDV FRQ EDxR SULYDGR ,QIRUPHV -R\HUtD 7LIIDQ\ 0HUD \ 6XFUH )RQR
&,58*,$ %$5,$75,&$ /$3$526&23,&$ 2%(6,'$'
&,58*,$ /$3$526&23,&$ (1)(50('$'(6 '(
&0
$55,(1'2
'5 &$5/26 5 52'5Ì*8(= /2=$'$
/.-&,
?D<EHC;I O L;DJ7I
(#22Ĕũ -!.2Ĕũ !ē$ē-ēũ "(1#!3.2ũ ũ -(5#+ũ - !(.- +Ĕũ !.,4-(! 12#ũ ćĉĉĒćĎĊďĊũ ĵũ ćĒĎĊďĈĎĊĐēũ)1, -" 3.2#15(!(.2ľ'.3, (+ē!.,ũũũũũũ ĵđĊćĎĈĵ!!
/.,)(
/.-,'
:;I:; ;B '+ :; ;DJH7:7 I7B:E 7 '& 7yEI FB7PE <?D7D9?7C?;DJE :?H;9JE
1 ,(3 ,.2ũ !1_"(3.2ũ '(/.3#! 1(.2Ĕũ
/.+/,
%% # #! & ( '! # % " !!# ) #& &$' & !
9EDIKBJ7 FH;L?7 9?J7 7B 9;B &// .'/..-$ FEHJ70 &/'(++,/-
+HUPRVD FDVD GH P GH WHUUHQR \ P GH FRQVWUXFFLyQ 8ELFDGD HQ HO 3DVDMH 9DUVRYLDV VHFWRU GH %HOODYLVWD $PEDWR &RPXQLFDUVH FRQ ORV WHOpIRQRV
JEDIKF7 FB7O7 7PKB BEJ;I :; J;HH;DE
,#-2 )#1.ũ -$ĖũćđĊĈďćďČČēũĸŇĒđČćĈĹ
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 $
6( 9(1'(
7F7HJ7C;DJEI E<?9?D7I BE97B;I 9EC;H9?7B;I
#!#2(3.ũ 31 ).Ĕũ#-ũ +, !_-ũ.ũ!.,.ũ
*
C;:?9E 9BÞD?9E D;<HEBE=E
āĆ
7(1(026 /26 0(-25(6 35(&,26
:H$ H7KB ?D97 7D:?DE
I; L;D:; 8KI I; L;D:;
7 Ăĉŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏŏ
#11#3#1~ ũ-#!#2(3 ũ).5#-ũ/ 1 ũ 3#-!(¢-ũ
ũ
+.! +ũ "#ũ #+ 2ũ 1 4).ũ ćĉıĈĎũ #1-;-"#9ũ ĸ 8.ũĉđŇĒđĐćĉĹ
J$ FEHJ70 &/)*()+)& % J$ CEL?IJ7H0 &/+'())-'
',5(&&,21 7RPiV 6HYLOOD \ &ROyQ 7HOI ([W
'UD 6LOYLD 7 9DOHQFLD ( 3RVW JUDGR 'LSORPDGR 'U 6D~O $ 9DOHQFLD ( $PEDWR /DWDFXQJD 3HOLOHR 7HOI /-.)'
;D ;:?<?9?E :EC?DE
J;B<$0 &/..,&.-, &/(&//&&-
BW efehjkd_ZWZ gk[ YWcX_Wh| jk l_ZW o j[ ZWh| \[b_Y_ZWZ fWhW i_[cfh[$ ;IJ7I IEBE 7 [ijWi Z[i[f[hWZe W j[ ^Wd WXWdZedWZe" j[ ^Wd i_Ze _dÒ [b e i[ ^Wd XkhbWZe Z[ j_ ¶OW de ik\hWi d_ j[ bWc[dj[i c|i " [b cW[ijhe @>EIC7H [i [b d_Ye o l[hZWZ[he [d h[Wb_pWh [b c|i [\[Yj_le jhWXW`e Z[ Wceh gk[ jWdje [ijWXWi [if[hWdZe" fWhW gk[ ik fWh[`W h[]h[i[ _dc[Z_WjWc[dj[ feh cko Z_ijWdj[" \h_W e b[`ei gk[ i[ [dYk[djh[" [b e [bbW l[dZh| i_d gk[ KZ$ bW bbWc[ e bW Xkigk[" i_]W e f[hi_]W" ik fWh[`W j[ he]Wh|" j[ ikfb_YWh|" j[ bbehWh|" i[ ^kc_bbWh|" o j[ f[Z_h| gk[ h[]h[i[i W ik bWZe" `WcWi j[ WXWdZedWh| " W jWd iebe (+$&& :EB7H;I$ JhWXW`ei ]WhWdj_pWZei" j[ b_XhWcei Z[ Xhk`[h_Wi" iWbWc_[djei" [d\[hc[ZWZ[i" cWbWi e Z[iYedeY_ZWi o cWbW ik[hj[$ B[YjkhW Z[b JWhej
/-,/)
E 7B 9EHH;E l[djWio[l[djeiZec_de6^ejcW_b$Yec
35202&,21 3,1785$6 &21'25 t 1FSNBMBUFY t 4ÞQFS $PSPOB t -7" 0GSFDFNPT UPEB MB MÓOFB EF QJOUVSBT QBSB JOUFSJPSFT Z FYUFSJPSFT
3DQDPHULFDQD 1RUWH \ 3DUWLGHUR D 3tOODUR 7HOI ± ± &HO 0RYL
5(&203(6$ 'Ð/$5(6
$\~GDQRV D HQFRQWUDU OR REHGHFH DO QRPEUH GH ´1,&.<µ VH H[WUDYLy HO GtD GRPLQJR GH PD\R GH 4XLHQ VHSD GH VX SDUDGH UR SRU IDYRU GDU LQIRU PDFLyQ DO R DO /.-/)
/.--)
ũ
ũ #1#!'.ũ ũ4- ũ ,4#13#ũ"(%-
āć
7 Ăĉŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
Ėũ ēũ ^ũ } ũ }
&58= 52-$ 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 $FWLYLGDGHV GH MXYHQWXG 3URJUDPD GH VDOXG FRPXQLWDULD 'LIXVLyQ R SULQFLSLRV \ YDORUHV
5IUn \M LWa MV ^QLI IUWZ a KIVKQWVM[ XWZY]M LM U]MZ\I XIZI Y]M \IV\I[ NTWZM[
+-4=4): !!
3RU HO 'tD GH OD 0$'5( WX PHMRU UHJDOR HV XQD VHUHQDWD
/.,(+
ũ ũ /.-.*
+WV 2]IV /IJZQMT MK]I\WZQIVW )UWZ M\MZVW
/.).-
;B H;IF;JE 7 B7 :?=D?:7: >KC7D7 :;DJHE :;B IE9?7B?ICE :;B I?=BE NN? ;b b_Xhe ;b :[h[Y^e 9ece EXij|Ykbe 7b 9WcX_e IeY_Wb" Z[ ;ZkWhZe DeleW Cedh[Wb" [Z_jWZe feh ;Z_jeh[i I_]be NN? i[ WbW" gk[ Z[iZ[ [b fkdje Z[ l_ijW j_Ye" bW b_c_jWY_ d \kdZWc[djWb" Wkdgk[ de bW d_YW" [i gk[ [b Z[h[Y^e de Z[X[ Z[iYedeY[h [b h[if[je W bW Z_]d_ZWZ Z[ bW f[hiedW ^kcWdW$ 9edjhW bW W\_hcWY_ d Z[ :k]k_j Z[ gk[ [b _dZ_l_Zke de [i kd \_d i_de kd c[Z_e" Wb]e Wi Yece kdW i_c# fb[ hk[ZW [d bW lWijW cWgk_dWh_W ieY_Wb" o YedjhW bW j[i_i Z[ A[bi[d Z[ gk[ bW deY_ d Z[ f[hiedW [i Whj_\_Y_Wb o de fWiW Z[ i[h kd ^Wp Z[ Z[X[h[i" h[ifediWX_b_ZWZ[i o Z[h[Y^ei gk[ bW b[o Yed\_[h[ W kd ^ecXh[1 bW [dehc[ cWoeh W Z[ bei _ki\_bei \ei o `kh_ijWi ceZ[hdei Yedi_Z[hWd gk[ [b i[h ^kcWde [i kd \_d [d i c_ice" gk[ de Z[X[ i[h jecWZe Yece _dijhkc[dje fWhW dWZ_[ d_ fWhW dWZW" feh bb[lWh [d i kd lWbeh gk[ [i _dZ[f[dZ_[dj[
ũ ũ ũ ũ ũ ũ ē ē ũ ũ ũ ũ ũ Ĕũ ũ ũ ũ ũ ũ ũ ũ 4-48 !4ũ IJũ Ĕũ ũ ũ ũ ũ ũ ũ
Ĕũ ũ ũ ũ ũ ũ Ĕũ ũ ũ Ĕũ ũ ũ ē ũ ũđĈĊıĉćĈĈı ē Ėũ # .1 ũ .!~.ũ #ũ 2ũ #1!#"#2ũ 8.1% ũ ;1"#- 2ēũ Ėũ # .1#2ũ .2_ũ + #13.ũ %4 +.-%.ũ .! +#, Ĕũ 1#2("#-3#ũ "#+ũ - +ũ "#ũ (#%.ũ ġ 4-4!8 !4ũ IJũ '(, .1 9.ĢĔũ ũ 8ũ -4#+ũ 1~ ũ /.-3#ũ +3 ,(1 -.ēũ 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! - +ũ"#-.,(- ".ũ 4-48 !4ũ IJũ '(, .1 9.Ĕũ 8ũ 04#ũ 2#ũ "# (3 -ũ /.1ũ #+ũ ¢5 +.ũ (204(++(Ĕũ 4 (ı ! ".ũ #-ũ + ũ / 11.04( ũ -3 ũ .2 Ĕũ "#+ũ ! -3¢-ũ , 3.Ĕũ %4 2ũ 04#ũ 2#1;-ũ 43(+(9 " 2ũ / 1 ũ 1(#%.Ĕũ !.-ũ 4-ũ ! 4" +ũ"#ũĉČũ+ĵ2ē ē ũ ũ ũ ēıũ ũ ũ ũ ēıũ ũ ũ ēıũ , 3.Ĕũ ũ ćĉũ "#ũ 8.ũ "#+ũ ĉćĈĈēıũ
2ũ ćĒ Ĉćēıũ ũ !.-.!(,(#-ı 3.ũ "#ũ + ũ /1#2#-3#ũ ! 42 ũ #-ũ ,(ũ ! +(" "ũ "#ũ ..1"(- ".1ũ #%(.- +ũ #, 1! !(¢-ũ ("1.%1;$(! ũ "#+ũ 23 9 Ĕũ 2#%Ì-ũ + ũ !!(¢-ũ "#ũ /#1ı 2.- +ũ .ēũ ĈďćĉĐĉēıũ -ũ +.ũ /1(-!(ı / +ũ + ũ 2.+(!(34"ũ "#ũ .-!#2(¢-ũ "#ũ %4 2ũ04#ũ"(2!411#-ũ/.1ũ+ ũ !#04( ũ 4-48 !4ũ '(, .1 9.Ĕũ 8ũ 04#ũ 2#ũ "# (3 -ũ /.1ũ #+ũ ¢5 +.ũ (204(++(Ĕũ 4 (ı ! ".ũ #-ũ + ũ / 11.04( ũ -3 ũ .2 Ĕũ "#+ũ! -3¢-ũ , 3.Ĕũ/1#2#-3 " ũ/.1ũ + ũ 2# .1 ũ .!~.ũ "#ũ + 2ũ #1!#"#2ũ 8.1% ũ ;1"#- 2Ĕũ #2ũ !+ 1 ũ !.,ı /+#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;ı ,(3#ēıũ -ũ!.-2#!4#-!( ũ2#ũ"(2/.-#Ėũ Ĉēıũ ~3#2#ũ ũ +.2ũ 424 1(.2ũ !.-.!(".2ũ .ũ-.Ėũ2# .1ũ .2_ũ + #13.ũ %4 +.-%.ũ .! +#, Ĕũ 1#2("#-3#ũ "#+ũ - +ũ "#ũ (#%.ũ 4-48 !4ũ '(, .1 9.Ĕũ ,#"( -3#ũ!.,(2(¢-ũ+( 1 " ũ +ũ2# .1ũ #-(#-3#ũ .+~3(!.ũ "#ũ + ũ 11.04( ũ -3 ũ .2 ėũ 8Ĕũ +ũ 2# .1ũ -4#+ũ 1~ ũ /.-3#ũ +3 ,(1 -.ũ 41 -.ũ ,#"( -3#ũ!.,(2(¢-ũ+( 1 " ũ +ũ2# .1ũ #-(#-3#ũ .+~3(!.ũ "#ũ + ũ / 11.04( ũ 4 !'(ũ 1 -"#Ĕũ ũ 04(#-#2ũ 2#ũ +#2ũ !.-!#"#ũ #+ũ 3_1,(-.ũ "#ũ đũ "~ 2ũ / 1 ũ !.-3#23 1ũ 2# + -".ũ ".,(!(+(.ũ +#% +Ĕũ / 1 ũ $4341 2ũ -.3($(! !(.-#2ēıũ ĉēıũ ~3#2#ũ ũ +.2ũ 424 1(.2ũ !.-.!(ı ".2ũ .ũ -.ũ /.1ũ + ũ /1#-2 Ĕũ #-ũ 4-.ũ "#ũ +.2ũ "( 1(.2ũ +ũ #1 +".ũ .ũ ũ .1 ũ 04#ũ 2#ũ #"(3 -ũ #-ũ #23 ũ !(4" "ũ "#ũ
o ikf[h_eh W jeZW Yedi[YkY_ d Z[ \_d[i W`[dei1 o \k[ AWdj gk_[d fei# jkb \_bei \_YWc[dj[ [ijW _Z[W" gk[ oW Wdj[i ^WX W i_Ze [nfh[iWZW feh [b 9h_ij_Wd_ice W XWi[ Z[ \kdZW# c[djWY_ d h[b_]_eiWÇ$ ;b :h$ 8[hcWd 8WhhW]|d CehW i[ WbW ÆBW Z_]d_ZWZ [i kd Yed# Y[fje gk[ [dWbj[Y[ o [b[lW Wb i[h ^kcWde feh ieXh[ bWi Z[c|i Yh_W# jkhWi o" W d [djh[ dk[ijhei Yed] # d[h[i" [ijW YWb_ZWZ Z[ Z_]de dei ^WY[ YkWb_jWj_lWc[dj[ c[`eh[i" o [if_h_jkWbc[dj[ h[ikbjW ]hWj_\_# YWdj[ YedjWh Yed Z_Y^W l_hjkZ$ CkY^ei Y_kZWZWdei ef_dWd gk[ [b ^ecXh[ Yece [dj[ l_l_[dj[" j_[d[ lWbeh[i _djh di[Yei$ ;djh[ [ijei" ik cehWb" ik j_YW" ik Z_]d_ZWZ" ik b_X[hjWZ" ik \WYkbjWZ Z[ jecWh Z[Y_i_ed[i" [jY$ 7i " c_ Z[h[Y^e W bW Z_]d_ZWZ" Yec_[dpW [n_]_[dZe gk[ i[W h[if[jWZe feh jeZei c_i YedY_kZWZWdeiÇ$ 7 WZ[ [b :h$ 8[hcWd 8WhhW]|d CehW [d ik eXhW BW ;kjWdWi_W" be i_]k_[dj[0 Æ9ece gk[ [d [b kcXhWb Z[ bW ck[hj[ i[ iei_[]W [b Yk[hfe" c_[djhWi gk[ [b f[diWc_[dje i[ WfWhjW Z[\_d_j_lWc[dj[ Z[ bW j[hh[# dWb_ZWZ Z[ bW l_ZW1 o" iebe XkiYWcei [b W\[Yje o YecfW W Z[ dk[ijhei
, 3.ũ ,#"( -3#ũ + ũ /4 +(! !(¢-ũ "#ũ 4-ũ #731 !3.ũ "#ũ #23 ũ /#3(!(¢-ũ 8ũ #23 ũ /1.5("#-!( Ĕũ /.1ũ 31#2ũ 5#!#2Ĕũ ,#"( -".ũ"#ũ4- ũ ũ.31 ũ#+ũ/+ 9.ũ"#ũ đũ "~ 2ũ "#ũ !.-$.1,(" "ũ !.-ũ #+ũ 13ēũ đĐũ"#ũ+ ũ #8ũ"#ũ %4 2ēıũĊēıũ 4#ũ2#ũ !(3#ũ ũ +.2ũ 424 1(.2ũ !.-.!(".2ũ .ũ -.ũ /.1ũ ! 13#+#2ũ 04#ũ 2#ũ $() 1;-ũ #-ũ 31#2ũ "#ũ+.2ũ/ 1 )#2ũ,;2ũ$1#!4#-3 ".2ũ"#ũ + ũ / 11.04( ũ -3 ũ .2 Ĕũ ,#"( -3#ũ !.,(2(¢-ũ +( 1 " ũ +ũ 2# .1ũ #-(#-3#ũ .+~3(!.ũ "#ũ + ũ (-"(! " ũ / 11.04( ēıũũ
ũ"#2(%- !(¢-ũ"#ũ #1(3.ũ2#ũ+ ũ' 1;ũ ./.134- ,#-3#ēıũũ _-% 2#ũ#-ũ!4#-ı 3 ũ #+ũ ".,(!(+(.ũ +#% +ũ 2# + ".ũ 8ũ + ũ 43.1(9 !(¢-ũ !.-$#1(" ũ +ũ .% ".ũ #$#-2.1ēũ %1_%4#2#ũ + ũ ".!4ı ,#-3 !(¢-ũ ")4-3 Ĕũ "#2%+¢2#2#ũ + ũ ,(2, Ĕũ8ũ"#) -".ũ!./( 2ũ#-ũ 43.2Ĕũ "#54_+5 2#ũ +.2ũ .1(%(- +#2ēıũ #ũ 2#-ı 3 1;ũ+ ũ1 9¢-ũ!.11#2/.-"(#-3#ēıũ .1ũ 42#-!( ũ "#+ũ #!1#3 1(.ũ (34+ 1Ĕũ !3Ì#ũ!.,.ũ2#!1#3 1(.ũ#+ũ (!ēũ 1+.2ũ 13~-#9ēıũ ēıũ $Ĺũ -%ēũ
4(2ũ + 9 1ũ . / -3 Ĕũ ..1"(- ".1ũ #%(.- +ũ"#, 1! !(¢-ũ ("1.%1;$(! ũ "#+ũ 23 9 ēıũ #-31.ũ .- +ũ , 3.ēıũ (%4#ũ!#13($(! !(¢-ēı
.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 . +(% !(¢-ũ 04#ũ 3(#-#-ũ 04#ũ 2# + 1ũ ".,(!(+(.ũ +#% +ũ "#-31.ũ "#+ũ /#1~,#ı 31.ũ 41 -.ũ "#ũ _23 ũ %#-!( Ĕũ / 1 ũ $4341 2ũ-.3($(! !(.-#2ē (1, ũ +#%( +#
(!ēũ 1+.2ũ 13~-#9 ũĸ Ĺ 8ũ4-ũ2#++. ĈĒĐČđĵĒđĎĐď 44
ũ ũ ũ ũ ũ ũ ē ē ũ ũ ũ ũ ũ Ĕũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ IJũ Ĕũ ũ ũ ũ ũ ũ ũ
Ĕũ ũ ũ ũ ũ ũ Ĕũ ũ ũ Ĕũ ũ ũ ē ũ ũđĈĒıĉćĈĈı ē Ėũ .1%#ũ #/ +~ũ 8.1% ũ
2! -.ũ Ėũ # .1#2ũ .2_ũ + #13.ũ %4 +.-%.ũ .! +#, Ĕũ 1#2("#-3#ũ "#+ũ - +ũ "#ũ (#%.ũ ġ 4-4!8 !4ũ IJũ '(, .1 9.ĢĔũũ -4#+ũ 1~ ũ /.-3#ũ +3 ,(1 -.ũ 8ũ ũ + ũ 2# .1 ũ +2 ũ #!(+( ũ 11 ũ 41 -. 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! - +ũ"#-.,(- ".ũ 4-48 !4ũ IJũ '(, .1 9.Ĕũ 8ũ 04#ũ 2#ũ "# (3 -ũ /.1ũ #+ũ ¢5 +.ũ (204(++(Ĕũ 4 (ı ! ".ũ #-ũ + ũ / 11.04( ũ -3 ũ .2 Ĕũ "#+ũ ! -3¢-ũ , 3.Ĕũ %4 2ũ 04#ũ 2#1;-ũ 43(+(9 " 2ũ / 1 ũ 1(#%.Ĕũ !.-ũ 4-ũ
! 4" +ũ"#ũĉČũ+ĵ2ē ē ũ ũ ũ ēıũ ũ ũ ũ ēıũ ũ ũ ēıũ , 3.Ĕũ ũćČũ"#ũ 8.ũ"#+ũĉćĈĈēıũ 2ũ Ĉć ĉćēıũ ũ !.-.!(,(#-3.ũ "#ũ + ũ/1#2#-3#ũ! 42 ũ#-ũ,(ũ! +(" "ũ"#ũ ..1"(- ".1ũ #%(.- +ũ #, 1! !(¢-ũ ("1.%1;$(! ũ "#+ũ 23 9 Ĕũ 2#%Ì-ũ + ũ !!(¢-ũ "#ũ /#12.- +ũ .ēũ ĈďćĉĐĉēıũ -ũ +.ũ /1(-!(/ +ũ + ũ 2.+(!(34"ũ "#ũ .-!#2(¢-ũ"#ũ %4 2ũ04#ũ"(2!411#-ũ /.1ũ#+ũ! - +ũ"#-.,(- ".ũ 4-48 !4ũ IJũ '(, .1 9.Ĕũ8ũ04#ũ2#ũ"# (3 -ũ/.1ũ #+ũ ¢5 +.ũ (204(++(Ĕũ 4 (! ".ũ #-ũ + ũ / 11.04( ũ -3 ũ .2 Ĕũ "#+ũ ! -3¢-ũ , 3.Ĕũ /1#2#-3 " ũ /.1ũ #+ũ 2# .1ũ
.1%#ũ #/3 +~ũ 8.1% ũ 2! -.Ĕũ#2ũ !+ 1 ũ !.,/+#3 ũ 8ũ 1#Ì-#ũ +.2ũ "#,;2ũ 1#04(2(3.2ũ"#ũ+#8ũ/.1ũ+.ũ04#ũ2#ũ !#/ı 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-.Ėũ2# .1ũ .2_ũ + #13.ũ %4 +.-%.ũ .! +#, Ĕũ 1#2("#-3#ũ "#+ũ - +ũ "#ũ (#%.ũ ġ 4-4!8 !4ũ IJũ '(, .1 9.ĢĔũ,#"( -3#ũ!.,(2(¢-ũ +( 1 " ũ +ũ2# .1ũ #-(#-3#ũ .+~3(!.ũ"#ũ + ũ 11.04( ũ -3 ũ .2 ėũ8Ĕũ +ũ2# .1ũ -4#+ũ 1~ ũ /.-3#ũ +3 ,(1 -.ũ 8ũ ũ + ũ 2# .1 ũ +2 ũ #!(+( ũ 11 ũ 41 -.ũ ,#"( -3#ũ !.,(2(¢-ũ +( 1 ı " ũ +ũ 2# .1ũ #-(#-3#ũ .+~3(!.ũ "#ũ + ũ / 11.04( ũ 4 !'(ũ 1 -"#Ĕũ ũ 04(#ı -#2ũ 2#ũ +#2ũ !.-!#"#ũ #+ũ 3_1,(-.ũ "#ũ đũ "~ 2ũ / 1 ũ !.-3#23 1ũ 2# + -".ũ ".,(!(+(.ũ +#% +Ĕũ / 1 ũ $4341 2ũ -.3($(ı ! !(.-#2ēıũĉēıũ ~3#2#ũ ũ+.2ũ424 1(.2ũ !.-.!(".2ũ .ũ -.ũ /.1ũ + ũ /1#-2 Ĕũ #-ũ 4-.ũ "#ũ +.2ũ "( 1(.2ũ +ũ #1 +".ũ .ũ ũ .1 ũ 04#ũ 2#ũ #"(3 -ũ #-ũ #23 ũ !(4" "ũ "#ũ , 3.ũ,#"( -3#ũ+ ũ/4 +(! !(¢-ũ "#ũ 4-ũ #731 !3.ũ "#ũ #23 ũ /#3(!(¢-ũ 8ũ #23 ũ /1.5("#-!( Ĕũ /.1ũ 31#2ũ 5#!#2Ĕũ ,#"( -".ũ"#ũ4- ũ ũ.31 ũ#+ũ/+ 9.ũ"#ũ đũ "~ 2ũ "#ũ !.-$.1,(" "ũ !.-ũ #+ũ 13ēũ đĐũ"#ũ+ ũ #8ũ"#ũ %4 2ēıũĊēıũ 4#ũ2#ũ !(3#ũ ũ +.2ũ 424 1(.2ũ !.-.!(".2ũ .ũ -.ũ /.1ũ ! 13#+#2ũ 04#ũ 2#ũ $() 1;-ũ #-ũ 31#2ũ "#ũ+.2ũ/ 1 )#2ũ,;2ũ$1#!4#-3 ".2ũ"#ũ + ũ / 11.04( ũ -3 ũ .2 Ĕũ ,#"( -3#ũ !.,(2(¢-ũ +( 1 " ũ +ũ 2# .1ũ #-(#-3#ũ .+~3(!.ũ "#ũ + ũ (-"(! " ũ / 11.04( ēıũũ
ũ"#2(%- !(¢-ũ"#ũ #1(3.ũ2#ũ+ ũ' 1;ũ ./.134- ,#-3#ēıũũ _-% 2#ũ#-ũ!4#-ı 3 ũ #+ũ ".,(!(+(.ũ +#% +ũ 2# + ".ũ 8ũ + ũ 43.1(9 !(¢-ũ !.-$#1(" ũ +ũ .% ".ũ #$#-2.1ēũ %1_%4#2#ũ + ũ ".!4ı ,#-3 !(¢-ũ ")4-3 Ĕũ "#2%+¢2#2#ũ + ũ ,(2, Ĕũ8ũ"#) -".ũ!./( 2ũ#-ũ 43.2Ĕũ "#54_+5 2#ũ +.2ũ .1(%(- +#2ēıũ #ũ 2#-ı 3 1;ũ+ ũ1 9¢-ũ!.11#2/.-"(#-3#ēıũ .1ũ 42#-!( ũ "#+ũ #!1#3 1(.ũ (34+ 1Ĕũ !3Ì#ũ!.,.ũ2#!1#3 1(.ũ#+ũ (!ēũ 1+.2ũ 13~-#9ēıũ ēıũ $Ĺũ -%ēũ
4(2ũ + 9 1ũ . / -3 Ĕũ ..1"(- ".1ũ #%(.- +ũ"#, 1! !(¢-ũ ("1.%1;$(! ũ "#+ũ 23 9 ēıũ #-31.ũ .- +ũ , 3.ēıũ (%4#ũ!#13($(! !(¢-ēı
.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 . +(% !(¢-ũ 04#ũ 3(#-#-ũ 04#ũ 2# + 1ũ ".,(!(+(.ũ +#% +ũ "#-31.ũ "#+ũ /#1~,#ı 31.ũ 41 -.ũ "#ũ _23 ũ %#-!( Ĕũ / 1 ũ $4341 2ũ-.3($(! !(.-#2ē (1, ũ +#%( +#
c|i Wbb[]WZei $$$ $ µ7YWie [d [b fheY[ie Z[ bW ck[hj[ [b _dZ_l_Zke ^W f[hZ_Ze e ^W Y[Z_Ze [b Z[h[Y^e W YedjWh Yed ik Z_]d_ZWZ5$ Feh [dj[dZ_Ze gk[ de$ Feh [bbe j_[d[ bW \WYkbjWZ Z[ ieb_Y_jWh gk[ [d [b jhWdi_jWh Z[ bW l_ZW W bW ck[hj[ i[ b[ Z[`[ Whh_XWh Yed jeZe ik Z[Yehe" c|i W d YkWdZe ij[ [i [b bj_ce WYje gk[ Z[i[W h[Wb_pWhbe i_d ceh# jW`Wi Wi\_n_Wdj[i gk[ efWgk[d ik fkdZedehÇ$ J[hc_dW i[ WbWdZe" gk[ i_[dZe bW Z_]d_ZWZ kdW YkWb_ZWZ _d^[h# [dj[ W jeZW f[hiedW" i be i[ dei Z[ifh[dZ[h| Yed bW ck[hj[1 Z[ jWb ceZe gk[ fh[l_e W dk[ijhe \Wbb[Y_# c_[dje j[d[cei Z_]d_ZWZ" be YkWb Z[cWdZW gk[ bei 9[djhei C Z_Yei dei Z[d bei jhWjei o Yedi_Z[hW# Y_ed[i Yece i[h[i ^kcWdei gk[ jeZWl W iecei" Z[ jWb ceZe gk[ de fk[Z[d iec[j[hdei W i_jkWY_ed[i Z[d_]hWdj[i gk[ Z[ feh i bWi [d\[h# c[ZWZ[i fi_Ye#\ i_YWi Yedbb[lWd1 fk[i de gk[h[cei gk[ bei ikfb_# Y_ei Z[ Zebeh fheleYWZei feh dk[i# jhW iWbkZ Z[j[h_ehWZW" fk[ZWd ^WY# [hdei fWh[Y[h Z[hhejWZei Wdj[ bW ck[hj[" fk[i i_ \k[ Z_]dW o Wdj_]kW dk[ijhW l_ZW" _]kWbc[dj[ Z[X[ i[h WYj_lW o Z_]dW dk[ijhW ck[hj[$
(!ēũ 1+.2ũ 13~-#9 ũĸ Ĺ 8ũ4-ũ2#++. ĈĒĐČĒĵĒđĎĐĎ
ũ ũ ũ ũ ũġ Ģũ
.1ũ /_1"(" ũ 5 ũ -4+ 12#ũ + ũ +( 1#3 ũ "#ũ '.11.2ũ Œũ ĈĐćĉĐĔũ #7/#"(" ũ /.1ũ + ũ ../#1 3(5 ũ"#ũ '.11.ũ8ũ 1_"(3.ũ ġ Ģũ 3" ēĔũ ũ$ 5.1ũ"#Ėũ ũ ũ 4(#-ũ !1# ũ 3#-#1ũ "#1#!'.ũ 2. 1#ũ "(!' ũ+( 1#3 ėũ1#!+ ,#ũ#-ũ#+ũ3_1,(-.ũ "#ũĊũ"~ 2Ĕũ!.-3 ".2ũ"#2"#ũ+ ũ$#!' ũ "#ũ/4 +(! !(¢-ũ"#ũ#23#ũ 5(2.ē , 3.ĔũĉČũ"#ũ, 8.ũ"#ũĉćĈĈ
ũ ŇĒđĐĊĉ
"#ũ '.11.2ũ .ũ ĈćČććĎĎĐĉđũ /#1ı 3#-#!(#-3#ũ ũ ũ ũ ėũ/.1ũ' #12#ũ#731 5( ". , 3.Ĕũ ũĈĊũ"#ũ, 8.ũ"#ũĉćĈĈ ŇĒđďćďũ 44
ũ ũ
ũ ũ ũ #ũ5 ũ ũ/1.!#"#1ũ ũ -4+ 1ũ+ ũ 4#-3 ũ "#ũ '.11.2ũ .ũĈćĊđĉĉćĉĊĐũ/#13#ı -#!(#-3#ũ ũ ũ ũ
ėũ/.1ũ' #12#ũ#731 5( ". , 3.Ĕũ ũĉČũ"#ũ, 8.ũ"#ũĉćĈĈ ŇĒđĐĐĒũ 44
ũ ũ ũ ũ ũġ ũ Ģũ ũ
44
ũ ũ ũ ũ ũġ Ģũ ũ
.1ũ /_1"(" ũ 5 ũ -4+ 12#ũ + ũ +( 1#3 ũ "#ũ '.11.2ũ Œũ ďĉĊđĒćĔũ #7/#"(" ũ /.1ũ + ũ ../#1 3(5 ũ "#ũ '.11.ũ 8ũ 1_"(3.ũġ Ģũ 3" ēĔũ ũ$ 5.1ũ"#Ėũ ũ ũ 4(#-ũ !1# ũ 3#-#1ũ "#1#!'.ũ 2. 1#ũ "(!' ũ+( 1#3 ėũ1#!+ ,#ũ#-ũ#+ũ3_1,(-.ũ "#ũĊũ"~ 2Ĕũ!.-3 ".2ũ"#2"#ũ+ ũ$#!' ũ "#ũ/4 +(! !(¢-ũ"#ũ#23#ũ 5(2.ē , 3.ĔũĉČũ"#ũ, 8.ũ"#ũĉćĈĈ
ũ ŇĒđĐĊĉ 44
ũ ũ
ũ ũ ũ #ũ5 ũ ũ/1.!#"#1ũ ũ -4+ 1ũ+ ũ 4#-3 ũ "#ũ '.11.2ũ .ũ ĈćĊđĐđćČĉĒũ /#1ı 3#-#!(#-3#ũ ũ
ũ
ũ ėũ /.1ũ ' #12#ũ #731 5( ". , 3.Ĕũ ũĈďũ"#ũ, 8.ũ"#ũĉćĈĈ ŇĒđďćď
.1ũ/_1"(" ũ5 ũ -4+ 12#ũ+ ũ+( 1#3 ũ"#ũ '.11.2ũ Œũ ĈććććĊĐĉĉĒĔũ #7/#"(" ũ /.1ũ + ũ ../#1 3(5 ũ "#ũ '.11.ũ 8ũ 1_"(3.ũ ġ ũ Ģũ 3" ēĔũ ũ $ 5.1ũ"#Ėũ ũ ũ 4(#-ũ !1# ũ 3#-#1ũ "#1#!'.ũ 2. 1#ũ "(!' ũ+( 1#3 ėũ1#!+ ,#ũ#-ũ#+ũ3_1,(-.ũ "#ũĊũ"~ 2Ĕũ!.-3 ".2ũ"#2"#ũ+ ũ$#!' ũ "#ũ/4 +(! !(¢-ũ"#ũ#23#ũ 5(2.ē
ũ ŇĒđĐđć 44
ũ ũ ũ ũ ũġ Ģũ ũ
.1ũ /_1"(" ũ 5 ũ -4+ 12#ũ + ũ +( 1#3 ũ "#ũ '.11.2ũ Œũ ďĉĈĐĐĉĔũ #7/#"(" ũ /.1ũ + ũ ../#1 3(5 ũ "#ũ '.11.ũ 8ũ 1_"(3.ũ ġ Ģũ 3" ēĔũ ũ $ 5.1ũ "#Ėũ ũ
ũ ũ 4(#-ũ !1# ũ 3#-#1ũ "#1#!'.ũ 2. 1#ũ "(!' ũ+( 1#3 ėũ1#!+ ,#ũ#-ũ#+ũ3_1,(-.ũ "#ũĊũ"~ 2Ĕũ!.-3 ".2ũ"#2"#ũ+ ũ$#!' ũ "#ũ/4 +(! !(¢-ũ"#ũ#23#ũ 5(2.ē
ũ ŇĒđĐđĈ 44
ũ ũ ũ
44
ũ ũ
ũ ũ ũ #ũ5 ũ ũ/1.!#"#1ũ ũ -4+ 1ũ+ ũ 4#-3 ũ
#ũ !.,4-(! ũ +ũ /Ì +(!.Ĕũ + ũ 23#-!(¢-ũ +ũ %.ũ /.1ũ /_1"(ı " ũ "#+ũ !'#04#ũ .ēũ ĊĔũ +ũ ĉĎĔũ 2(-ũ $(1, ũ 8ũ 2(-ũ 5 +.1ũ /1#2#-3 " ũ /.1ũ #+ũ %(1 ".1ũ ũ ũ ũ ũ Ĕũ 3 ēũ 3#ēũ .ēũ ĈĉćĎćĈČČĒĉ ŇĒđĐđď
Ĺ‹ #)( &Ĺ‹- Ĺ‹, /(#šŋ (Ĺ‹ (#* Ĺ‹*),Ĺ‹ ' ,! ( # #ĹŠ"#+#% 1;ĹŠ +ĹŠ -!.ĹŠ !(.- +ĹŠ"#ĹŠ .,#-3.ĹŠ04#ĹŠ !Äą 34 +(!#ĹŠ8ĹŠ1#5(2#ĹŠ+ ĹŠ 1#%+ ,#-3 !(¢-Ä“ 9ed bW WfheXWY_ÂŒd Z[ lWh_Wi h[# iebkY_ed[i eh_[djWZWi W ZWh ie# bkY_ed[i Z[Ă’ d_j_lWi W bei fheXb[# cWi gk[ W\hedjWd bWi feXbWY_ed[i Z[ bWi pedWi Z[ _dĂ“ k[dY_W feh [b fheY[ie [hkfj_le Z[b lebY|d" fh_dY_fWbc[dj[ bWi fhel_dY_Wi Z[ Jkd]khW^kW o 9^_cXehWpe" i[
Ykcfb_Œ [d F[d_f[" 9^_cXehWpe" bW h[kd_Œd Z[b 9ec_jƒ Z[ Ef[# hWY_ed[i Z[ ;c[h][dY_W 9E; DWY_edWb$ BWi h[iebkY_ed[i \k[hed [c_# j_ZWi feh [b IkXi[Yh[jWh_e Z[ 9edijhkYY_Œd IeY_Wb" ;c_b_e EY^eW o Yedi_ij[d [d0 '$ ;dYWh]Wh W bW I[Yh[jWh‡W DWY_edWb Z[ =[ij_Œd Z[ H_[i]ei o Wb C_d_ij[h_e Z[ :[iWhhebbe KhXWde o L_l_[dZW C_Zkl_ " bW h[l_i_Œd Z[b fheo[Yje Z[ h[\ehcW Z[b Z[Yh[je [`[Ykj_le ieXh[ bW [d# jh[]W Z[ Xedei Z[ l_l_[dZW" Wdj[i Z[ fh[i[djWh [b fheo[Yje W bW Fh[# i_Z[dY_W Z[ bW H[f‘Xb_YW$
($ :[b[]Wh Wb 8WdYe DWY_e# dWb Z[ <ec[dje" fWhW gk[ WYjkWb_# Y[ o h[l_i[ bW h[]bWc[djWY_ÂŒd gk[ f[hc_jW ^WY[h kie Z[b Fhe]hWcW J_[hhW feh J_[hhW k ejhe fheo[Yje Z[ Wbj[hdWj_lW fheZkYj_lW$ )$ Ieb_Y_jWh W bW C[iW De$ ," ÆFheZkYj_l_ZWZ o C[Z_ei Z[ L_ZWÇ gk[ WdWb_Y[ o [djh[]k[ Wb 9E;# DWY_edWb fWhW ik WlWb" bW fhefk[ijW Yedieb_ZWZW ieXh[ Wbj[hdWj_lWi fWhW [djh[]W Z[ Wb_# c[djei o ejhei fheo[Yjei fhe# ZkYj_lei" fWhj_[dZe Yece XWi[ bWi fhefk[ijWi fWhhegk_Wb[i" YWdjedWb[i" fhel_dY_Wb[i o c_# d_ij[h_Wb[i" Yed |cX_je h[]_e#
dWb o [d kd fbWpe c|n_ce Z[ )& Z‡Wi$ *$ EĂ’ Y_Wb_pWh Wb C_d_ij[h_e 9eehZ_dWZeh Z[ bW FheZkYY_ÂŒd" fWhW l_WX_b_pWh bWi fhefk[ijWi [\[YjkWZWi Wb 9E; Ă„ DWY_edWb$ +$ 9edijhk_h kd FbWd CW# Yhe 9edieb_ZWZe" Yece [dj[ Whj_# YkbWZeh Z[ bei _dikcei e fheo[Y# jei [djh[]WZei feh bWi c[iWi Z[ jhWXW`e" fWhW bW [djh[]W eĂ’ Y_Wb Z[b ZeYkc[dje W bW Fh[i_Z[dY_W Z[ bW H[f‘Xb_YW$ ,$ 7Yj_lWh bW YecfhW Z[ Wb_c[dje fWhW [b ]WdWZe" fWhW
7 ĂĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ä Äˆ
cWdj[d[hbe [d kdW XeZ[]W l_h# jkWb" Yed Yecfhec_ie Z[ [djh[]W [d kd c|n_ce Z[ (* ^ehWi W bW feXbWY_Œd W\[YjWZW$ -$ ;`[YkjWh kdW h[l_i_Œd Z[ bei ifeji fkXb_Y_jWh_ei gk[ cWdj_[d[d bei Z_\[h[dj[i c_d_i# j[h_ei h[bWY_edWZei Yed [b lebY|d Jkd]khW^kW" [d\eYWZei [d kdW eh_[djWY_Œd WZ[YkWZW1 i[]kh_ZWZ Y_kZWZWdW o fheceY_Œd Z[b jk# h_ice$ .$# BW l‡W F[d_f[ # 8W‹ei Yed# j_dkW Yed h[ijh_YY_Œd Z[ Y_hYkbW# Y_Œd$
>L<N>E: => ?HKF:<BHG => LHE=:=HL
O>G<>=HK>L =>E <>G>I:
/ . - - 0
0 . - 0
$Ŋ 43.1(" "#2Ŋ- !(.- +#2ĔŊ/1.5(-!( +#2Ŋ8Ŋ! -3.- +#2Ŋ 2(23(#1.-Ŋ Ŋ#23 Ŋ1#4-(¢-Ŋ"#Ŋ2#%41(" "Ŋ5.+!;-(! ē
Ĺ‹*/ Ĺ‹ 3/ ,Ĺ‹ Ĺ‹& ( ./, & 4 Ĺ‹ (Ĺ‹* &#!,) Bei Wd_cWb[i Zecƒij_Yei fk[Z[d j[d[hi[ Yece cWi# YejWi [d bWi YWiWi" c|i de bei Wd_cWb[i gk[ ied YWjW# be]WZei Yece i_bl[ijh[i Wi‡ Yece0 behei" cedei" jehjk# ]Wi" [djh[ ejhei$ BW <kdZWY_ÂŒd Fhej[YY_ÂŒd 7d_cWb ;YkWZeh F7; o [b C_d_ij[h_e Z[b 7cX_[d# j[" h[Y[fjWd bWi Z[dkdY_Wi Z[ gk_[d[i j[d]Wd W Z_Y^ei Wd_cWb[i i_bl[ijh[i [d i_j_ei gk[ de ied Wfjei fWhW ik Yh[Y_c_[dje$ ;b j[bƒ\ede ( .* (, &+ e [b Yehh[e [b[YjhÂŒd_Ye WcXWje'6ieofW[$eh] ied c[Z_ei c[Z_Wdj[ bei YkWb[i i[ h[Y_X[d bWi Z[dkdY_Wi$ >Wo gk[ h[YehZWh W bW Y_k# ZWZWd‡W gk[ [ijei Wd_cWb[i j_[d[d kdW l_ZW c[`eh [d iki bk]Wh[i Z[ eh_][d" o gk[ Wb j[d[hbei [d kdW YWiW [ij|d Wj[djWdZe Yed iki l_ZWi o [b [gk_b_Xh_e Z[ bW dWjkhWb[pW$
% 1# '% ) ( Ĺ‡Ä’Ä‘ÄŒÄ?ÄŽ
, # ! #)$ *" #$ ' 1# + " ( )$' ! (&* "
>L<N>E: => ?HKF:<BHG => LHE=:=HL
O>G<>=HK>L =>E <>G>I:
" !
# +! %# ' &
* ! !'" ( !" % +! ) & '"% &$(
āĉ
7 Ăĉŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
#(#-. ,#)ŋ ŋ &/ ŋ /- ŋ ,.# # # (ŋ FWhW Yedi[]k_h [b Y[hj_Ò YWZe _dj[hdWY_edWb" [d Z Wi Wdj[# h_eh[i bW :_h[YY_ d Z[ IWbkZ Z[ Jkd]khW^kW" [d Yed`kdje Yed [b [gk_fe fhel_dY_Wb Z[b Fhe]hWcW 7cfb_WZe Z[ ?d# ckd_pWY_ed[i" h[Wb_pWhed bW h[l_i_ d Z[ Y ce WlWdpW [b FheY[ie Z[ bW 9[hj_\_YWY_ d ?dj[hdWY_edWb Z[b IWhWcf_ d" HkX ebW o HkX ebW 9ed] d_jW" [d [ijW fhel_dY_W$ ;d [ijW WYj_l_ZWZ i[ Yedj Yed bW fh[i[dY_W Z[ `[\[i Z[ bWi .) |h[Wi Z[ iWbkZ" [d\[h# c[hWi o [ijWZ ij_Yei1 WZ[c|i Z[ cWdj[d[h h[kd_ed[i Yed bei fhef_[jWh_ei Z[ bWi Yb d_YWi fh_lWZWi Z[ Jkd]khW^kW$ 9ed bW _cfb[c[djWY_ d Z[ [ijW Y[hj_Ò YWY_ d" [b ;YkWZeh Z[ceijhWh| gk[ i[ ^Wd je# cWZe bWi c[Z_ZWi d[Y[iWh_Wi fWhW [hhWZ_YWh feh Yecfb[je [ijWi [d\[hc[ZWZ[i$ FWhW [bbe" [b C_d_ij[h_e Z[ IWbkZ F Xb_YW [`[Ykj YWcfW Wi \eYWb_pWZWi gk[ ^Wd j[d_Ze ]hWd _cfWYje [d bW h[ZkYY_ d Z[ bW cehjWb_# ZWZ feh iWhWcf_ d$
-ŋ 6' , -ŋ ŋ#( /-.,# -ŋ (  ,)(ŋ. ' -ŋ& ), & -
+ũ. )#3(5.ũ"#ũ+ ũ 1#4-(¢-ũ#-ũ#23 ũ !(4" "ũ$4#ũ" 1ũ ũ !.-.!#1ũ+ 2ũ! / !(ı 3 !(¢-ũ ũ+.2ũ+~"#1#2ē
FWhW WdWb_pWh bW i_jkWY_ d bWXe# hWb gk[ i[ l_l[ [d [b ;YkWZeh" bei c_[cXhei Z[ bW <[Z[hWY_ d DWY_edWb Z[ 9|cWhWi Z[ ?dZki# jh_Wi cWdjkl_[hed kdW h[kd_ d Z[ jhWXW`e [d 7cXWje" Yed [b fhef i_je Z[ [ijkZ_Wh bWi dk[# lWi h[iebkY_ed[i Yedij_jkY_e# dWb[i [d cWj[h_W Z[ Z[h[Y^ei bWXehWb[i$ ;b [l[dje i[ h[Wb_p [b `k[l[i [d [b >ej[b 7cXWje o Yedj Yed bW fWhj_Y_fWY_ d Z[ [cfh[iWh_ei Z[ lWh_Wi fhel_dY_Wi Z[b fW i$ D[oZW L|iYed[p" Z_h[YjehW ;`[Ykj_lW Z[ bW 9|cWhW Z[ ?d# Zkijh_Wi Z[ Jkd]khW^kW" cWd_# \[ij gk[ i[ jhWXW`W [d bW Yedi# jhkYY_ d Z[ kd dk[le ceZ[be Z[ Z[iWhhebbe fheZkYj_le" gk[ j[d]W Yece Ò dWb_ZWZ c[`ehWh bWi YedZ_Y_ed[i Z[ l_ZW Z[ bW feXbWY_ d$ FWhW [b [\[Yje" bW <[Z[hWY_ d DWY_edWb Z[ 9|cWhWi Z[ ?dZki# jh_Wi" [d h[fh[i[djWY_ d Z[ iki W\_b_WZei fh[i[djWhed Wdj[ bW
ćĒ
: ũ (-3#%1 -ũ+ ũ #"#1 !(¢-ũ !(.- +ũ"#ũ ;, 1 2ũ"#ũ -"4231(
ēũ .2ũ1#/1#2#-3 -3#2ũ"#ũ+ 2ũ!;, 1 2ũ"#ũ(-"4231( 2ũ"#+ũ/ ~2ũ31 3 1.-ũ3#, 2ũ"#ũ(-3#1_2ũ#-ũ#23 ũ!(4" "ēũ
9ehj[ 9edij_jkY_edWb kd _d\eh# c[ [d Z[h[Y^e ZedZ[ cWd_Ò [i# jWd lWh_ei fkdjei gk[ de [ij|d Z[ WYk[hZe$ Ejhe Z[ bei j[cWi jhWjWZei \k[ [b fhe]hWcW Z[b ?dij_jkje BWj_deWc[h_YWde fWhW bW =[# h[dY_W Eh]Wd_pWY_edWb ?B=E " [if[Y_Wb_pWZe [d bW \ehcWY_ d
Z[ Z_h_][dj[i ]h[c_Wb[i" gk[ i[ Z[iWhhebbWh| [d bei fh n_cei Z Wi Yed [b Wfeoe Z[ bW Eh]Wd_# pWY_ d ?dj[hdWY_edWb Z[b JhWXW# `e E?J $ FWhW [b [\[Yje" i[ \ehcWh| W (+ b Z[h[i ]h[c_Wb[i Z[b ;YkW# Zeh Yed [ij[ fhe]hWcW$ Deh# cWbc[dj[ [ij[ [l[dje i[ be [`[#
YkjW [d 9eijW H_YW" f[he be gk[ i[ XkiYW [i \ehcWh [d ;YkWZeh W bei dk[lei b Z[h[i$ L|iYed[p Z_`e gk[ [ijWh|d [d bei fh n_cei Z Wi [d =_d[# XhW" fWhW bW h[kd_ d Z[ jhWXW`e ZedZ[ i[ WdWb_pWh|d bei j[cWi gk[ fh[eYkfWd W bei fW i[i gk[ [ij|d Y_hYkdiYh_jei W bW E?J$
&2192&$725,$ $ &21&8562 38%/,&2 '( 0(5(&,0,(1726 < 2326,&,21 3$5$ /$ 6(/(&&,21 < '(6,*1$&,21 '(/ 5(*,675$'25 081,&,3$/ '( /$ 3523,('$' '(/ &$1721 $0%$72 %$6( /(*$/ (O $UW GH OD &RQVWLWXFLyQ GH OD 5HS~EOLFD GHO (FXDGRU HVWDEOHFH TXH HO 6LVWHPD 3~EOLFR GH 5HJLVWUR GH OD 3URSLHGDG VHUi DGPLQLVWUDGR GH PDQHUD FRQFXUUHQWH HQWUH OD )XQFLyQ (MHFXWLYD \ ODV 0XQLFLSDOLGDGHV /D /H\ GHO 6LVWHPD 1DFLRQDO GH 5HJLVWUR GH 'DWRV 3~EOLFRV HQ VX $UW HVWDEOHFH TXH ORV 5HJLVWUR GH OD 3URSLHGDG VHUiQ DGPLQLVWUDGRV FRQMXQWDPHQWH HQWUH ODV 0XQLFLSDOLGDGHV \ OD )XQFLyQ (MHFXWLYD D WUDYpV GH OD 'LUHFFLyQ 1DFLRQDO GH 5HJLVWUR GH 'DWRV 3~EOLFRV SDUD OR FXDO VH QRPEUDUi XQ 5HJLVWUDGRU R 5HJLVWUDGRUD GH OD 3URSLHGDG VLHQGR HO $OFDOGH TXLHQ SURFHGHUi D QRPEUDU DO SRVWXODQWH TXH KD\D REWHQLGR PD\RU SXQWXDFLyQ GHQWUR GHO SURFHVR GH VHOHFFLyQ (O $UW GH OD 2UGHQDQ]D GH &UHDFLyQ 2UJDQL]DFLyQ \ )XQFLRQDPLHQWR GHO 5HJLVWUR 0XQLFLSDO GH OD 3URSLHGDG GHO &DQWyQ $PEDWR LQGLFD TXH SDUD HO HMHUFLFLR GH OD FRPSHWHQFLD HQ PDWHULD GH UHJLVWUR GH OD SURSLHGDG GH FRQIRUPLGDG FRQ OD &RQVWLWXFLyQ \ OD /H\ VH FUHD FRPR XQLGDG GHVFRQFHQWUDGD DGVFULWD D OD 0XQLFLSDOLGDG GH $PEDWR GRWDGD GH SHUVRQDOLGDG MXUtGLFD SURSLD \ DXWRQRPtD DGPLQLVWUDWLYD HO 5HJLVWUR 0XQLFLSDO GH OD 3URSLHGDG GHO &DQWyQ $PEDWR GHSHQGHQFLD TXH SRU PDQGDWR GH OD /H\ GH 5HJLVWUR \ OD /H\ GHO 6LVWHPD 1DFLRQDO GHO 5HJLVWUR GH 'DWRV 3~EOLFRV JR]DUi GH SOHQD DXWRQRPtD UHJLVWUDO \ TXH HQ FXDQWR D OD VLWXDFLyQ ILQDQFLHUD \ SUHVXSXHVWDULD DVt FRPR HQ OD JHVWLyQ GH VX WDOHQWR KXPDQR VH REVHUYDUiQ ODV QRUPDV TXH DO UHVSHFWR IXHUHQ HVWDEOHFLGDV SRU OD 0XQLFLSDOLGDG /D 'LVSRVLFLyQ 7UDQVLWRULD 3ULPHUD GH OD UHIHULGD RUGHQDQ]D GH FUHDFLyQ GHO 5HJLVWUR 0XQLFLSDO GH OD 3URSLHGDG GHO FDQWyQ $PEDWR GHWHUPLQy TXH HO $OFDOGH &DQWRQDO GHEtD H[SHGLU HO 5HJODPHQWR SDUD OD GHVLJQDFLyQ GHO 5HJLVWUDGRU GH OD 3URSLHGDG OR TXH VH FXPSOLy PHGLDQWH OD H[SHGLFLyQ GH OD 5HVROXFLyQ $GPLQLVWUDWLYD 1R '$ GH GH PD\R GHO (O $UW GHO 5HJODPHQWR GHO &RQFXUVR GH 0HUHFLPLHQWRV \ 2SRVLFLyQ SDUD OD VHOHFFLyQ \ GHVLJQDFLyQ GHO 5HJLVWUDGRU 0XQLFLSDO GH OD 3URSLHGDG GH $PEDWR VHxDOD TXH HO PLVPR WLHQH SRU REMHWR QRUPDU HO SURFHGLPLHQWR SDUD OD GHVLJQDFLyQ PHGLDQWH FRQFXUVR S~EOLFR GH PHUHFLPLHQWRV \ RSRVLFLyQ GHO 5HJLVWUDGRU 0XQLFLSDO GH OD 3URSLHGDG GHO &DQWyQ $PEDWR (O DUWtFXOR GHO PHQFLRQDGR 5HJODPHQWR SUHVFULEH TXH DQWHV GH LQLFLDU HO SURFHVR OD 0XQLFLSDOLGDG GHEtD VROLFLWDU DO &RQVHMR GH 3DUWLFLSDFLyQ &LXGDGDQD \ &RQWURO 6RFLDO TXH VH LQWHJUH OD YHHGXUtD FLXGDGDQD D ILQ GH GDU FXPSOLPLHQWR DO DUWtFXOR GH OD /H\ GHO 6LVWHPD 1DFLRQDO GH 5HJLVWUR GH 'DWRV 3~EOLFRV KDELpQGRVH SURFHGLGR HQ FRQVHFXHQFLD D OD GHVLJQDFLyQ GHO FXHUSR GH YHHGRUHV TXH DFWXDUi HQ HO SURFHVR GH VHOHFFLyQ GH 5HJLVWUDGRU 0XQLFLSDO GH OD 3URSLHGDG GHO FDQWyQ $PEDWR $WHQWD OD EDVH OHJDO DQWHV LQYRFDGD \ GH FRQIRUPLGDG FRQ HO DUWtFXOR GH OD 5HVROXFLyQ $GPLQLVWUDWLYD 1R '$ TXH FRQWLHQH HO 5HJODPHQWR SDUD OD 6HOHFFLyQ \ 'HVLJQDFLyQ GHO 5HJLVWUDGRU GH OD 3URSLHGDG GHO FDQWyQ $PEDWR &2192&2 $ &21&8562 38%/,&2 '( 0(5(&,0,(1726 < 2326,&,21 3$5$ /$ VHOHFFLyQ < '(6,*1$&,21 '( 5(*,675$'25 081,&,3$/ '( /$ 3523,('$' '(/ &$1721 $0%$72 &$5*2 5HJLVWUDGRU 0XQLFLSDO GH OD 3URSLHGDG GHO &DQWyQ $PEDWR (O 5HJLVWUDGRU VHUi UHVSRQVDEOH GH OD XQLGDG UHJLVWUDO \ FRPR WDO HMHUFHUi OD UHSUHVHQWDFLyQ OHJDO MXGLFLDO \ H[WUDMXGLFLDO GHO 5HJLVWUR 0XQLFLSDO GH OD 3URSLHGDG GHO &DQWyQ $PEDWR HQ WRGRV ORV DVXQWRV TXH VRQ GH FRPSHWHQFLD GH HVWD XQLGDG GHVFRQFHQWUDGD (VWH IXQFLRQDULR HMHUFHUi VXV IXQFLRQHV SRU HO SHUtRGR GH FXDWUR DxRV SXGLHQGR VHU UHHOHJLGR XQD VROD YH] SRGUi VHU GHVWLWXtGR SRU LQFXPSOLPLHQWR GHELGDPHQWH FRPSUREDGR GH ODV IXQFLRQHV UHJLVWUDOHV GH FRQIRUPL GDG FRQ OD /H\ GHO 6LVWHPD 1DFLRQDO GH 5HJLVWUR GH 'DWRV 3~EOLFRV VXV UHJODPHQWRV \ PiV QRUPDV TXH UHJXOHQ HO VHUYLFLR S~EOLFR &21&8562 '( 0(5(&,0,(1726 \ 2326,&,21 (O FRQFXUVR FRPSUHQGH XQD IDVH GH FDOLILFDFLyQ GH PHUHFLPLHQWRV VREUH VHVHQWD SXQWRV \ XQ H[DPHQ GH RSRVLFLyQ VREUH FXDUHQWD SXQWRV
/8*$5 '( 75$%$-2 $PEDWR ',6321,%,/,'$' '( +25$5,2 (Q MRUQDGD PtQLPD GH KRUDV GLDULDV ORV KRUDULRV VHUiQ GHILQLGRV SRU OD LQVWLWXFLyQ 5(081(5$&,21 /D GHWHUPLQDGD SRU HO 0LQLVWHULR GH 5HODFLRQHV /DERUDOHV 5(48,6,726 6HU HFXDWRULDQR D \ HVWDU HQ JRFH GH ORV GHUHFKRV SROtWLFRV 7HQHU WtWXOR GH DERJDGR D DFUHGLWDGR \ UHFRQRFLGR OHJDOPHQWH HQ HO SDtV $FUHGLWDU KDEHU HMHUFLGR FRQ SURELGDG H LGRQHLGDG QRWRULDV OD SURIHVLyQ SRU XQ SHUtRGR PtQLPR GH WUHV DxRV 6HU PD\RU GH DxRV \ HVWDU HQ SOHQR HMHUFLFLR GH ORV GHUHFKRV SUHYLVWRV SRU OD &RQVWLWXFLyQ GH OD 5HS~EOLFD \ OD OH\ SDUD HO GHVHPSHxR GH XQD IXQFLyQ S~EOLFD 1R HQFRQWUDUVH HQ LQWHUGLFFLyQ FLYLO QR KDOODUVH LQFXUVR HQ XQ SURFHVR GH FRQFXUVR GH DFUHHGRUHV QL HQ HVWDGR GH LQVROYHQFLD IUDXGXOHQWD GHFODUDGD MXGLFLDOPHQWH 1R HVWDU FRPSUHQGLGR HQ DOJXQD GH ODV FDXVDOHV GH SURKLELFLyQ SDUD HMHUFHU FDUJRV S~EOLFRV &XPSOLU FRQ ORV UHTXLVLWRV GH SUHSDUDFLyQ DFDGpPLFD \ GHPiV FRPSHWHQFLDV H[LJLEOHV SUHYLVWDV HQ OD OH\ +DEHU VXIUDJDGR FXDQGR VH WLHQH REOLJDFLyQ GH KDFHUOR VDOYR ODV FDXVDV GH H[FXVD SUHYLVWDV HQ OD OH\ 1R HQFRQWUDUVH HQ PRUD HQ HO SDJR GH FUpGLWRV HVWDEOHFLGRV D IDYRU GH HQWLGDGHV X RUJDQLVPRV GHO VHFWRU S~EOLFR D H[FHSFLyQ GH OR HVWDEOHFLGR HQ HO $UW GH OD /H\ 2UJiQLFD GH 6HUYLFLR 3~EOLFR /RV GHPiV UHTXLVLWRV VHxDODGRV HQ OD &RQVWLWXFLyQ GH OD 5HS~EOLFD \ OD OH\ 32678/$&,21 < '2&80(17$&,21 /RV LQWHUHVDGRV GHEHUiQ SUHVHQWDU OD VLJXLHQWH GRFXPHQWDFLyQ HQ RULJLQDOHV R FRSLDV DXWHQWLFDGDV DQWH 1RWDULR 3~EOLFR GHELGDPHQWH RUJDQL]DGDV \ IROLDGDV KDVWD ODV K GHO OXQHV GH MXQLR GHO HQ OD 6HFUHWDUtD GH OD 'LUHFFLyQ GH 5HFXUVRV +XPDQRV GH OD 0XQLFLSDOLGDG GH $PEDWR %ROtYDU \ &DVWLOOR /RV LQWHUHVDGRV %ROLYDU \ &DVWLOOR
6ROLFLWXG IRUPDO GH SRVWXODFLyQ FRQ OD LQGLFDFLyQ GHO FDUJR +RMD GH YLGD GHO R OD SRVWXODQWH VHxDODQGR GRPLFLOLR \ OD GLUHFFLyQ GHO FRUUHR HOHFWUyQLFR &RSLDV OHJLEOHV GH OD &pGXOD GH FLXGDGDQtD \ FHUWLILFDGR GH YRWDFLyQ DFWXDOL]DGR 'RFXPHQWRV TXH DFUHGLWHQ WtWXORV DFDGpPLFRV FDSDFLWDFLyQ H[SHULHQFLD ODERUDO GRFHQFLD \ 3XEOLFDFLRQHV &HUWLILFDGR GHO 0LQLVWHULR GH 5HODFLRQHV /DERUDOHV GH QR WHQHU LPSHGLPHQWR SDUD GHVHPSHxDU FDUJR 3~EOLFR 'HFODUDFLyQ MXUDPHQWDGD DQWH XQ 1RWDULR 3~EOLFR GH QR HVWDU LQPHUVR HQ ORV QXPHUDOHV \ GH SRVWXODFLyQ \ GH QR LQFXUULU HQ QHSRWLVPR FRQ HO 6HxRU $OFDOGH \ ORV 6HxRUHV &RQFHMDOHV '20,&,/,2 < ',5(&&,21 (/(&7521,&$ /RV SRVWXODQWHV GHEHUiQ VHxDODU XQ GRPLFLOLR HQ OD FLXGDG GH $PEDWR \ OD GLUHFFLyQ GH FRUUHR HOHFWUyQLFR D OD TXH VH UHPLWLUiQ 72'$6 ODV QRWLILFDFLRQHV UHODFLRQDGDV FRQ HO FRQFXUVR (Q WRGR OR QR SUHYLVWR HQ HVWD FRQYRFDWRULD VH HVWDUi D OR SUHVFULWR HQ OD /H\ GH 5HJLVWUR /H\ GHO 6LVWHPD 1DFLRQDO GH 5HJLVWUR GH 'DWRV 3~EOLFRV \ VX 5HJODPHQWR \ OD 5HVROXFLyQ $GPLQLVWUDWLYD GH OD $OFDOGtD GH $PEDWR 1R '$ GH GH PD\R GHO
$UT )HUQDQGR &DOOHMDV %DURQD $/&$/'( '( $0%$72
Ĺ‹ )(-.,/3 (Ĺ‹& Ĺ‹ - ,! Ĺ‹ &Ĺ‹ )& .),Ĺ‹ v .),Ĺ‹ /!) 42! -ĹŠ#5(3 1ĹŠ+ 2ĹŠ (-4-" !(.-#2ĹŠ#-ĹŠ+ ĹŠ 5#-(" ĹŠ .+(5 1( Äą - ĹŠ8ĹŠ+.2ĹŠ!.+ /2.2ĹŠ #-ĹŠ+ 2ĹŠ! /3 !(.-#2Ä“ BW ;cfh[iW F‘Xb_YW#;cfh[iW Ckd_Y_fWb Z[ 7]kW FejWXb[ o 7bYWdjWh_bbWZe Z[ 7cXWje ;F# ;C7F7#7 " _d\ehcW gk[ WlWd# pW bW YedijhkY_ÂŒd Z[ bW Z[iYWh# ]W Z[b Yeb[Yjeh L‡Yjeh >k]e$ ;b jhWce _dj[hl[d_Ze ^WijW [b cec[dje _d_Y_W [d bW Gk[# XhWZW I[YW" ^WijW [b 9[djhe Z[ ;nfei_Y_ed[i [d bW Wl[d_ZW =Wbe L[bW l‡W W F_YW_^kW $ ;ij[ jhWo[Yje [ij| Y[hhWZe Wb jh|Ă’Ye l[^_YkbWh Z[X_Ze W bW Wf[hjkhW Z[ kdW pWd`W gk[ j_[# d[ kdW Z_c[di_ÂŒd Wfhen_cWZW Z[ *"+ c[jhei Z[ WdY^e o ^WijW '( c[jhei Z[ fhe\kdZ_ZWZ" [d Ykoe _dj[h_eh i[ [`[YkjWd bei jhWXW`ei Z[ YedijhkYY_ÂŒd Z[b Yeb[Yjeh$ Ied (&& c[jhei Z[ Yeb[Yjeh oW [`[YkjWZei Z[ bei Zei a_bÂŒc[jhei YedjhWjWZei$ ;ijW _cfehjWdj[ _d\hW[i# jhkYjkhW iWd_jWh_W i[ ^W fbW# d_Ă’YWZe Yedijhk_hbW feh jhW# cei" ^WijW bb[]Wh Wb i[Yjeh Z[b
7 ĂĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ä ÄŠ
(. +(,#-3 1ĹŠ 8ĹŠ24ĹŠ! ,/42
BW [cfh[iW 8_eWb_c[djWh Ĺ—ĹŠ _dl_jW W bW YebeYWY_ÂŒd Z[ bW fh_c[hW f_[ZhW Z[ ik \kjkhe YWcfki _dZkijh_Wb gk[ i[ [\[YjkWh| cW‹WdW W bWi '(0&& [d [b a_bÂŒc[jhe '' Z[ bW l‡W 7cXWje#F[b_b[e" [djhWZW W 8[d‡j[p" i[Yjeh FWY^Wdb_YW$
+~-(! Ŋ,¢5(+ %1./#!4 1(
FWhW Xh_dZWh i[hl_Y_e Z[ Ĺ—ĹŠ Wj[dY_ÂŒd l[j[h_dWh_W o W]h‡# Ä“ĹŠ ĹŠ!.-2314!!(¢-ĹŠ"#+ĹŠ!.+#!Äą 3.1ĹŠ 1(-" 1;ĹŠ4-ĹŠ%1 -ĹŠ /.13#Ä“
ēŊ Ŋ9.- Ŋ".-"#Ŋ2#Ŋ1# +(9 -Ŋ+.2Ŋ31 ).2Ŋ3(#-#-Ŋ+ Ŋ1#2/#!3(5 Ŋ2# +(9 !(¢-ē
_dij_jkje =kWoWgk_b" feh [ij[ cej_le" bW Wl[d_ZW =Wbe L[bW f[hcWd[Y[h| Y[hhWZW fWhY_Wb# c[dj[ o fh[i[djWh| eXij|Ykbei fhef_ei Z[ [ijei jhWXW`ei gk[ Z_ÒYkbjWh|d [b jh|ÒYe l[^_Yk# bWh o f[WjedWb" feh be gk[ bW [cfh[iW h[Yec_[dZW jecWh bWi Z[X_ZWi fh[YWkY_ed[i" ^WY_[d# Ze kie Z[ bWi l‡Wi Wbj[hdWi$ ;d [ij[ fkdje" i[ h[iWbjWd
bei X[d[Ă’Y_ei Z[ [ij[ Yeb[Yjeh [d YedijhkYY_ÂŒd oW gk[ [l_jW# h| _dkdZWY_ed[i [d bW Wl[d_# ZW 8eb_lWh_WdW o bei YebWfiei [d bWi YWfjWY_ed[i Z[ W]kW Z[b I_ij[cW 9kh_gk_d]k[$ Ejhe i[Yjeh \Wleh[Y_Ze i[h| F_i^_bWjW gk[ ^WijW [b cec[d# je iefehjW _dkdZWY_ed[i" fhe# ZkYje Z[b Z[iXehZWc_[dje Z[ bW Gk[XhWZW 9kh_gk_d]k[" [d
ƒfeYWi Z[ bbkl_W$ ;b fheo[Yje j_[d[ kd Yeije Wfhen_cWZe Z[ 'É/')",*'$.* ZÂŒbWh[i$ ;b fbWpe Z[ [`[YkY_ÂŒd [i Z[ ),& Z‡Wi" _d_Y_ÂŒ [d [d[he Z[ (&'' o Ykbc_dWh| W Ă’dWb[i Z[ [ij[ W‹e$ 9WX[ Z[ijWYWh gk[ [d [ij[ W‹e i[ Yedijhk_h| ‘d_YWc[dj[ bW Z[iYWh]W Z[b Yeb[Yjeh L‡Yjeh >k]e" oW gk[ [b Yeb[Yjeh [d ik jejWb_ZWZ i[ [`[YkjWh| [d [b i_# ]k_[dj[ W‹e" Wb cec[dje [ij|d YedjhWjWZei bei [ijkZ_ei Z[ \WYj_X_b_ZWZ$
YebW fh_cWh_W W YWZW kde Z[ bei i[Yjeh[i gk[ Yed\ehcWd [b YWdjÂŒd FWjWj[" [b Ckd_Y_# f_e WZgk_h_ÂŒ ^[hhWc_[djWi o fheZkYjei W]hef[YkWh_ei o l[j[h_dWh_ei fWhW [b cedjW`[ Z[ kdW Yb‡d_YW W]hef[YkWh_W cÂŒl_b$ ;djh[ ejhe j_fe Z[ Wi_ij[dY_Wi" [ijW Yb‡d_YW l[j[h_dWh_W [ij| fh[Z_i[‹WZW fWhW h[Wb_pWh _d# i[c_dWY_ed[i Whj_Ă’Y_Wb[i" i_d# Yhed_pWY_ÂŒd Z[b Y[be o Z[c|i _dj[hl[dY_ed[i gk_h‘h]_YWi o jhWjWc_[djei iWd_jWh_ei$ ;ijW WokZW i[h| _cfehjWdj[ fWhW bei Zk[‹ei Z[ Wd_cWb[i gk[ j[dZh|d bW efehjkd_ZWZ Z[ Wj[dZ[hbei efehjkdWc[dj[$
Čć! (-!+ēũ : ũũĉđũũ ũ ũ ũĉćĈĈ
4-%41 '4
Čćũ :
: ũ ũ
8#1ũ1#2! 3 1.-ũ#+ũ!4#1/.ũ2(-ũ5(" ũ"#ũ4-ũ '., 1#ũ-.ũ("#-3(ăũ! ".ũ04#ũ$4#ũ#-!.-ı 31 ".ũ#-ũ+ ũ !#04( ũĥ 104# Ħũ#-ũ -ũ .2_ũ "#ũ (-++.ēũ +ũ! ";5#1ũ#23 -ũ#-ũ 5 -9 ".ũ #23 ".ũ"#ũ"#2!.,/.2(!(¢-ēũ ;%(- ũ ĈĊ
. 1.-ũ 43.ũ#-ũ+ / 11.04( ũ 13~-#9 +ũ 43.,¢5(+ũ '#51.+#3ũ!.+.1ũ + -!.ũ"#ũ /+ ! 2ũ ıćĊĈĔũ$4#ũ1. ".ũ+ ũ, "14ı % " ũ"#ũ 8#1ũ,(#-31 2ũ/#1, -#!~ ũ#23 ı !(.- ".ũ#-ũ#+ũ 11(.ũ -ũ 4(2ũ"#ũ+ ũ/ 1ı 1.04( ũ 13~-#9ēũ ;%(- ũ ĈĊ
#2(23 ũ "#ũ.1. #+(-" ũ +ũ/#2(23 ũ 1 -*ı +(-ũ ($ 2ũĸ$.3.ĹĔũ +ũ(%4 +ũ04#ũ+ ũ 3+#3 ũ (5( - ũ !.23 Ĕũ+#ũ"(#1.-ũ ũ 4-%41 '4 ũ 242ũ/1(,#1 2ũ ,#" ++ 2ũ"#ũ.1.ũ #-ũ+.2ũ 4#%.2ũ 2.+43.2ē ;%(- ũ ĈĈ
2#ũ/#+# ũ #-ũ 6(33#1
ũ ũ"(5 ũ,#7(! - ũ(-(!(¢ũ4- ũ ! "#- ũ"#ũ(-24+3.2ũ#-ũ+ ũ$ ı ,.2 ũ1#"ũ2.!( +ēũ ;%(- ũ ĈĈ