Čć! (-!+ēŊ .3./ 7(
Äž ĹŠ } Ä?
ĹŠÄ‡ÄˆĹŠ ĹŠ ĹŠ ĹŠÄ‰Ä‡ÄˆÄ‰
1.3#ĹŠ"#ĹŠ 2 1 ,/(¢ -ĹŠ#23#ĹŠ  .ĹŠ' 8ĹŠÄŒĹŠ! 2.2ĹŠ
TE INVITA AL
GIGANTESCO CIRCO DE QUIKO
/.2(3(5.2ĹŠ8ĹŠÄ‰ÄˆĹŠ2.2/#!'.2.2ĹŠ "#ĹŠ2 1 ,/(¢-ĹŠ#-ĹŠ 3 !4-% ĔŊ + 2ĹŠ 43.1(" "#2ĹŠ3., -ĹŠ+ 2ĹŠ ,#"(" 2ĹŠ"#+ĹŠ! 2.ĹŠ/ 1 ĹŠ#5(3 1ĹŠ+ ĹŠ /1./ % !(¢-Ä“
Presenta este cupĂłn en la oficina de Diario La Hora y te llevas una entrada
GRATIS
vĂĄlido 8h30 pm solo debut sĂłlo
;%(- Ŋ ĉŊ
viernes 2 de marzo CUPOS LIMITADOS
¥ ēŊ _2 1Ŋ 11(¢-Ŋ !4"(¢Ŋ 8#1Ŋ Ŋ+ Ŋ ., -" -!( ē
,,#š(Ĺ‹ *, - (. ,6Ĺ‹ ' ( Ĺ‹ ;b [n Z_h[Yjeh Z[b >eif_jWb Z[ bW Feb_Y‡W" 9ƒiWh 9Whh_ÂŒd" fh[# i[djWh| kdW Z[cWdZW Wdj[ bW 9eci_ÂŒd ?dj[hWc[h_YWdW Z[ :[h[Y^ei >kcWdei 9?:> fehgk[ Yedi_Z[hW gk[ ik ^edeh \k[ cWdY_bbWZe o Z[dkdY_W kdW f[hi[Yki_ÂŒd$ 7o[h WYkZ_ÂŒ W bW 9ecWd# ZWdY_W Z[ Feb_Y‡W fWhW [djh[]Wh ik WhcW o [gk_fe Z[ ZejWY_ÂŒd" Z[ijWYÂŒ ik jhWXW`e Yece feb_# Y‡W ZkhWdj[ )& W‹ei o Z_`e gk[ ikfe bb[lWh ik kd_\ehc[ Yed Z_]d_ZWZ o ^edeh$ ÆL[d]e Yed ckY^ei i[dj_# c_[djei [dYedjhWZei$ CWdY_# bbWhed c_ ^edeh o Wb]k_[d j_[d[ gk[ h[ifedZ[hÇ" Z_`e$ ;%(- ĹŠ ÄŠ
84" -Ŋ Ŋ -%4 /.1Ŋ_/.! Ŋ(-5#1- +Ŋ .1 ".1#2Ŋ8Ŋ 43.1(" "#2Ŋ"#Ŋ -%4 ĔŊ !4"(#1.-Ŋ Ŋ+ Ŋ#-31#% ē
7dj[ bW Z[i[if[hWY_Œd Z[ iki fe# XbWZeh[i" feh bWi bbkl_Wi gk[ f[h# ZkhWd Z‡W o deY^[ [d [b i[Yjeh" i[ [djh[]Œ Wo[h cWgk_dWh_W0 kd jhWYjeh XkbbZep[h" kdW cejed_l[# bWZehW" fbWjW\ehcW" [nYWlWZehW o kd heZ_bbe$ I[]‘d Bk_i KhX_dW" ikXi[Yh[jW# h_e Z[ JhWdifehj[ o EXhWi F‘Xb_# YWi" Z[ bW H[]_edWb )" Wi[]khŒ gk[ bW cWgk_dWh_W i[ gk[ZWh| ^WijW gk[ i[ j[hc_d[ bW ƒfeYW _dl[hdWb$ 9ed b|]h_cWi [d iki e`ei" CW# h‡W FWY^W" Yk[djW gk[ de h[Y_X_[# hed d_d]kdW WokZW Z[ dWZ_[" [b j[cfehWb jWcX_ƒd i[ bb[lŒ [b j[# Y^e Z[ ik YWiW" f[he Yed ik c_i# ce [i\k[hpe lebl_Œ W YkXh_h Yed [b c_ice p_dY" fWhW feZ[h i[]k_h ^WX_jWdZe Wbb‡$
BW :_h[YY_ÂŒd Fhel_dY_Wb Z[ =[ij_ÂŒd Z[ H_[i]ei" W jhWlƒi Z[ :_WdW ;cWdk[b" h[Wb_pÂŒ bW [djh[# ]W Z[ hWY_ed[i Wb_c[dj_Y_Wi" a_ji Z[ ^_]_[d[ o Z[ Wb_c[djei" ied )&& hWY_ed[i [d jejWb [d CehWi# fkd]e o ;b 9ehWpÂŒd" f[he bei fe# XbWZeh[i gk[ h[i_Z[d [d [b YWdjÂŒd ied Wbh[Z[Zeh Z[ ('$&&&$ Feh ik fWhj[" @kWd Ck‹ep" 7bYWbZ[ Z[b =7: Ckd_Y_fWb Z[ 9WdjÂŒd FWd]kW" _dZ_YÂŒ gk[ [ij|d WjhWl[iWdZe feh kdW i_jkWY_ÂŒd cko Z_\‡Y_b" [b \WYjeh Yb_c|j_Ye b[i ^W f[h`kZ_YWZe" Yed Z[hhkcX[i" Z[ibWl[i o j_[d[d Wbh[Z[Zeh Z[ +&& ZWcd_Ă’ YWZei$ 7YjkWbc[dj[ [cf[pWhed [b jhWXW`e Z[iZ[ CehWifkd]e" ^Wi# jW ;b 9ehWpÂŒd o Ykbc_dWh|d Yed bW fWhj[ WbjW Wkdgk[ i[‹WbÂŒ gk[ Z[iZ[ [b =eX_[hde Fhel_dY_Wb" Æde ^Wo kd iÂŒbe c[jhe Z[ YWhf[jW Wi\|bj_YW o dei i[dj_cei ^kc_bbW# ZeiÇ Z_`e$ Ck‹ep WYejÂŒ gk[ j_[d[d gk[ ieb_Y_jWh WokZW Z[ ejhWi fhel_d# Y_Wi fWhW h[iebl[h bW bWc[djWXb[
ēŊ .2Ŋ/. + ".1#2Ŋ %1 "#!(#1.-Ŋ+ Ŋ/1#2#-!( Ŋ"#Ŋ, 04(- 1( Ŋ/ 1 Ŋ/ +# 1Ŋ + Ŋ2(34 !(¢-Ŋ !34 +ēŊŊ
i_jkWY_ÂŒd gk[ WjhWl_[iWd$ ;d be gk[ Yehh[ifedZ[ W bW h[YedijhkYY_ÂŒd Z[ bW l‡W BWjW# Ykd]W# BW CWd|" 9ƒiWh 7h[bbWde h[i_Z[dj[ Z[ bW eXhW cWd_\[ijÂŒ" gk[ ^WijW `kd_e YedYbk_h|d o \WY_# b_jWh| bW Ă“ k_Z[p Z[b W]kW bbkl_W [d [ijW bWh]W j[cfehWZW _dl[hdWb1 i[ YedeY_ÂŒ gk[ jhWXW`Wd ZkhWdj[ Zei `ehdWZWi$
666Ä“+ '.1 Ä“!.,Ä“#!
. . (Ĺ‹(/ 0)Ĺ‹ ,). Ĺ‹ Ĺ‹- , '*#š(Ĺ‹ Ä‚ 0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?Ä€Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ?
ĹŠ
23#"ĹŠ/4#"#ĹŠ, -" 1ĹŠ242ĹŠ$.3.2ĹŠ"#ĹŠ"#-4-!( 2ĹŠ!.,4-(3 1( 2ĹŠ8ĹŠ+ 2ĹŠ 43.1(" "#2ĹŠ 1#2/#!3(5 2ĹŠ3(#-#-ĹŠ+ ĹŠ./.134-(" "ĹŠ"#ĹŠ1#2/.-"#1ēŊ ĹŠ .1 ĹŠ2#ĹŠ1#2#15 ĹŠ#+ĹŠ"#1#!'.ĹŠ "#ĹŠ2#+#!!(.- 1ĹŠ8ĹŠ#"(3 1ĹŠ+ 2ĹŠ"#-4-!( 2ēŊ #2/.-" ĹŠ ĹŠ!.3./ 7(Äž+ '.1 Ä“!.,Ä“#!ĹŠ.ĹŠ ĹŠ+.2ĹŠ3#+_$.-.2Ä–ĹŠÄ‰Ä‘ÄˆÄ‡Ä?ÄˆÄ’ĹŠÄąĹŠÄ‰Ä‘ÄˆÄˆÄ‡Ä‡Ä’
.ĹŠ1#2/#3 -ĹŠ+ ĹŠ5(" ĹŠ -(, +
+%4-.2Ŋ!.-"4!3.1#2Ŋ-.Ŋ3(#-#-Ŋ!.-2("#1 !(¢-Ŋ!.-Ŋ+.2Ŋ -(, +#2Ŋ04#Ŋ31 -2(3 -Ŋ #-Ŋ+ Ŋ5~ ĔŊ8Ŋ+#2Ŋ 31./#++ -Ŋ!.,.Ŋ#2Ŋ#+Ŋ! 2.Ŋ"#Ŋ#23#Ŋ! !'.11.ĔŊ+ Ŋ1#2/.-2 (+(" "Ŋ 3 , (_-Ŋ#2Ŋ"#Ŋ+.2Ŋ"4# .2Ŋ04#Ŋ+#2Ŋ -".- -ē
 -Ŋ#+Ŋ 2/#!3.Ŋ"#Ŋ+ Ŋ!(4" "Ŋ
-ĹŠ 4)(+~ĹŠ+.2ĹŠ%1 ă3#1.2ĹŠ' !#-ĹŠ"#ĹŠ+ ĹŠ248 2ĹŠ ĹŠ3." 2ĹŠ'.1 2ĹŠ8ĹŠ#-ĹŠ3.".2ĹŠ+ ".2ĔŊ!.,.ĹŠ #-ĹŠ#23 ĹŠ5(5(#-" ĹŠ4 (! " ĹŠ +ĹŠ$1#-3#ĹŠ"#ĹŠ+ ĹŠ#2!4#+ ĹŠ #"1.ĹŠ (!#-3#ĹŠ +".- ".ēŊ
Ŋ Ŋ .-_!3 3#Ŋ8Ŋ1#2/¢-"#-.2Ŋ ĖŊ666ē+ '.1 ē!.,ľ"#-4-!( 2ē
Ä 1##ĹŠ04#ĹŠ#-ĹŠ#+ĹŠ/ ~2ĹŠ+ ĹŠĂŒ-(! ĹŠ $.1, ĹŠ"#ĹŠ' !#12#ĹŠ#2!4!' 1ĹŠ#2ĹŠ !.-ĹŠ,.5(+(9 !(.-#2Ä&#x;
ÄĄ ~ĔŊ#2ĹŠ+ ĹŠĂŒ-(! ĹŠ'#11 ,(#-3 ĹŠ04#ĹŠ +#ĹŠ04#" ĹŠ +ĹŠ/4# +.ĹŠ/ 1 ĹŠ' !#1ĹŠ#2Äą !4!' 1ĹŠ24ĹŠ5.9ĹŠ#ĹŠ(-!.-$.1,(" "Ģē ĹŠ ÄŒÄŽĹŠ  .2ĔŊ/ 13(!4+ 1Ä“
ÄŒÄ‡Ĺ˜
ĈÄ?ĹŠ .3.2
ĥ .Ŋ8 Ŋ#23 ,.2Ŋ5(5(#-".Ŋ-4#5.2Ŋ 3(#,/.2Ģē Ŋ } ĎĉŊ  .2ĔŊ!.,#1!( -3#ē
Ä?Ä‡Ĺ˜
Ä‰ÄŒĹŠ .3.2 ĹŠ Ä–
Ä 1##ĹŠ423#"ĹŠ04#ĹŠ+ ĹŠ5(2(3 ĹŠ"#+ĹŠ /1#2("#-3#ĹŠ $ #+ĹŠ .11# ĹŠ ,.3(5 1;ĹŠ+ ĹŠ"#2(%- !(¢-ĹŠ"#ĹŠ4-ĹŠ . #1- ".1ĹŠ3(34+ 1Ä&#x;
ĥ .ĔŊ!1#.Ŋ04#Ŋ2# Ŋ+ Ŋ,#).1Ŋ, -#Ĺ 1 Ŋ"#Ŋ 11#%+ 1Ŋ+ 2Ŋ!.2 2ĢēŊ Ŋ ĊĎŊ  .2ĔŊ , Ŋ"#Ŋ! 2 ēŊ
+4"ĹŠ /+(! ĹŠ/+ -ĹŠ Ä?ćŊ"~ 2ĔŊ#-ĹŠ#23#ĹŠ  .ĹŠ' 8ĹŠÄŒĹŠ! 2.2ĹŠ /.2(3(5.2ĹŠ8ĹŠÄ‰ÄˆĹŠ2.2Äą /#!'.2.2Ä“
;d be gk[ lW Z[b W‹e [d [ijW fhe# l_dY_W bWi Wkjeh_ZWZ[i Z[ bW :_# h[YY_ÂŒd Fhel_dY_Wb Z[ IWbkZ Z[ 9ejefWn_ ^Wd Z[j[YjWZe (' YWiei Z[ iWhWcf_ÂŒd ieif[Y^eiei h[feh# jWZei" Z[ [ijW Y_\hW * YWiei gk[ Yehh[ifedZ[d W Y_kZWZWdei gk[ ^WX_jWd [d BWjWYkd]W ^Wd ZWZe fei_j_lei$ I[]‘d [nfb_YÂŒ :[_\_b_W BWd# Z[jW" h[ifediWXb[ Z[b Fhe]hWcW 7cfb_WZe Z[ ?dckd_pWY_ÂŒd bei Zei fh_c[hei YedjW]_ei gk[ Ye# hh[ifedZ[d W kdW `el[d Z[ '/ W‹ei Z[ [ZWZ o ik ieXh_de Z[ + c[i[i" ĹŠ \k[hed fhel[d_[dj[i Z[ bW fhel_d# Y_W Z[ Eh[bbWdW$ +ĹŠÄ’Ä’Ä“ĹŠÄ’ĹŠĹ˜ĹŠ#23;-ĹŠ ;b j[hY[h YWie Yehh[ifedZ[ W kd 5 !4- ".2ĹŠ "#2"#ĹŠ#+ŊĉćŊ"#ĹŠ d_‹e Z[ ) c[i[i Z[ [ZWZ gk[ jWc# .!34 1#ĹŠ' 23 ĹŠ#+ĹŠ ĉĉŊ"#ĹŠ#-#1.Ä“ X_ƒd ^WXh‡W l[d_Ze Z[b J[dW" [b ^W# Xh‡W h[Y_X_Ze Wj[dY_ÂŒd [d [b >eif_# jWb Z[ BWjWYkd]W o [b ‘bj_ce d_‹e YedjW]_WZe i[ jhWjW Z[ kd c[deh Z[ , c[i[i gk[ bb[]ÂŒ Z[ CWY^WY^_ F_Y^_dY^W o Wb de ^WX[h [ijWZe ēŊ !4- !(¢-ĹŠ2#ĹŠ(-3#-2(ă! ĹŠ#-ĹŠ+ ĹŠ/1.5(-!( Ä“ lWYkdWZe Z[iWhhebbÂŒ bW [d\[hc[# ZWZ [d BWjWYkd]W$ [ijW Z_ifei_Y_ÂŒd [d 9ejefWn_ i[ ?dckd_pWY_ÂŒd Z[ bW :_h[YY_ÂŒd FWhW YedjhWhh[ijWh bW h[Wb_pWd Z[iZ[ [b ', Z[ \[# Fhel_dY_Wb Z[ IWbkZ Z[ 9ejefWn_" fh[i[dY_W Z[ dk[lei Xhe# Xh[he Yed YWfWY_jWY_ÂŒd o _d\ehcÂŒ gk[ W f[iWh Z[ jeZWi bWi j[i Z[ iWhWcf_ÂŒd o YkXh_h ĹŠ ieY_Wb_pWY_ÂŒd Z[iZ[ bW Y[d# _dj[hl[dY_ed[i h[Wb_pWZWi ZkhWd# [d kd '&& bW feXbWY_ÂŒd jhWb ^WY_W bWi fhel_dY_Wi j[ bW YWcfW‹W W‘d de i[ ^W be]hW# W i[h lWYkdWZW bWi Wkje# " ĹŠ! 2.ĹŠ/.2(Äą o bWi WYY_ed[i _dc[Z_WjWi Ze [hhWZ_YWh [b l_hki" WZ[c|i i[ h_ZWZ[i Z[b C_d_ij[h_e Z[ 3(5.ĹŠ3(#-#ĹŠ+ ĹŠ gk[ _cfb_YW \ehjWb[Y[h bW ^Wh| kd i[]k_c_[dje Wb XWhh_Ze ! / !(" "ĹŠ"#ĹŠ IWbkZ ^W ZWZe bW Z_ifei_# !.-3 %( 1ĹŠ ŊđŊ l_]_bWdY_W [f_Z[c_ebÂŒ]_YW ZeYkc[djWZe gk[ oW i[ ^_pe YWiW Y_ÂŒd W bWi fhel_dY_Wi gk[ /#12.- 2Ä“ [ _Z[dj_Ă’YWY_ÂŒd Z[ bei YWiei W YWiW [d bei c[i[i Z[ del_[cXh[ jkl_[hed YWiei fei_j_lei ieif[Y^eiei ^WijW gk[ [ij[ o Z_Y_[cXh[ Z[b W‹e fWiWZe" [ij[ gk[ i[ Wfb_gk[ [b fbWd ,& gk[Z[ [d Y[he$ fheY[ie i[ Ykcfb_h| W jhWlƒi Z[ kd Z‡Wi$ :[_\_b_W BWdZ[jW" h[ifediW# ced_jeh[e YhkpWZe gk[ h[Wb_pWh|d BWi WYj_l_ZWZ[i j[dZ_[dj[i W Xb[ Z[b Fhe]hWcW 7cfb_WZe Z[ bWi Xh_]WZWi W jhWlƒi Z[ iehj[ei$
/ # # & -Ĺ‹ -.6(Ĺ‹ Ĺ‹& Ĺ‹ -* , Ĺ‹ Ĺ‹ , -/&. )-ŋŋ Ĺ‹& -Ĺ‹ 0 &/ #)( >WijW bW \[Y^W W‘d de i[ YedeY[d bei h[ikbjWZei Z[ bWi Wf[bWY_ed[i h[Wb_pWZWi feh bei i[hl_Zeh[i `kZ_# Y_Wb[i gk[ de [ijWXWd Z[ WYk[hZe Yed [b fkdjW`[ eXj[d_Ze o Z[ bei gk[ de WbYWdpWhed bei -& fkdjei$ ;b Z_h[Yjeh Z[ bW 9ehj[ Fhel_d# Y_Wb Z[ @kij_Y_W Z[ 9ejefWn_" 9Wh# bei B[ÂŒd" cWd_\[ijÂŒ gk[ ^WijW bW i[cWdW fWiWZW de i[ ikfe dWZW Z[b j[cW" [b Z_h[Yjeh ikfed[ gk[ [ije i[ Z[X[ W gk[ Wb cec[dje bei _dj[]hWdj[i Z[b 9edi[`e Z[ bW @kZ_# YWjkhW Z[ JhWdi_Y_ÂŒd 9@J " [ij|d [d fheY[ie Z[ _dWk]khWY_ÂŒd Z[ bWi dk[lWi `kZ_YWjkhWi [d jeZe [b fW‡i$ 7Z[c|i Yec[djÂŒ gk[ Æ[bbei W j‡jkbe f[hiedWb [ij|d Wikc_[dZe bW h[ifediWX_b_ZWZ Z[ gk[ i[ Ykc# fbW jeZe be gk[ [ij| [ijWXb[Y_Ze [d bW dehcWj_lW Z[b fheY[ie [lW# bkWjeh_eÇ" i_d [cXWh]e Yedi_Z[hÂŒ
gk[ [d [ijW i[cWdW W bW fhÂŒn_cW oW i[ iWXh| bei h[ikbjWZei Z[ bWi h[Yedi_Z[hWY_ed[i \ehckbWZWi" c_[djhWi jWdje bWi WYj_l_ZWZ[i i[ Ykcfb[ Yed dehcWb_ZWZ" Wi[]khÂŒ$ #04#1(,(#-3. B[ÂŒd _d\ehcÂŒ gk[ bW [dj_ZWZ `k# Z_Y_Wb Z_ifed[ Z[ Zei lWYWdj[i gk[ Yehh[ifedZ[d W kd WokZWdj[ `kZ_Y_Wb o kdW dejWh_W" bei YkWb[i" jhWi ^WX[hi[ Ykcfb_Ze bei jh|# c_j[i WZc_d_ijhWj_lei" ^Wd i_Ze Z[ij_jk_Zei feh _dYedZkYjW" i_d [cXWh]e bei W\[YjWZei ^Wd Wf[bW# Ze Z[ WYk[hZe W be gk[ [ijWXb[Y[ [b fheY[ie b[]Wb" Wi[]khÂŒ [b :_# h[Yjeh$ C_[djhWi jWdje fWhW YkXh_h [ijWi lWYWdj[i i[ ^W ^[Y^e kd h[W`kij[ Z[ f[hiedWb" Æf[he [i _c# fehjWdj[ bb[dWh [ijei [ifWY_eiÇ" Z_`e B[ÂŒd$
ēŊ 1+.2Ŋ #¢-ĔŊ 2#%41¢Ŋ04#Ŋ #23 Ŋ.Ŋ+ Ŋ/1¢7(, Ŋ2#, - Ŋ2#Ŋ3#-"1;Ŋ + 2Ŋ1#2/4#23 2ē
, -ŋ()ŋ- ŋ $ /. ,6(ŋ -#(ŋðŋ " -ŋ
Ĺ? Ä€Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ?
!& ' (.)Ĺ‹ (Ĺ‹ (6&#-#-Ĺ‹
.2Ŋ +! +"#2Ŋ "#Ŋ .3./ 7(Ŋ 1%4,#-3 -Ŋ04#Ŋ -.Ŋ' 8Ŋ1#!412.2ĔŊ /("#-Ŋ4-Ŋ/#1,(2.ēŊ
\[h[dY_Wh [djh[ Ă’ Y^Wi o b_Y[dY_Wi WcX_[djWb[i" Z[f[dZ_[dZe Z[b _cfWYje gk[ ][d[h[ [b fheo[Yje$ BWi eXhWi Z[ _d\hW[ijhkYjkhW Z[ c[deh _cfWYje Yed YWj[]eh‡W 7" i[Wd [ijWi" c[`ehWc_[dje l_Wb" h[YedijhkYY_ÂŒd Z[ fk[dj[i" YWd# Y^Wi o ejhWi i_c_bWh[i h[gk_[h[d Z[ kdW Ă’ Y^W$ BWi Z[ YWj[]eh‡W 8" [d bW gk[ i[ Bei WbYWbZ[i o jƒYd_Yei WcX_[d# kX_YWh‡Wd bei fheo[Yjei Z[ Wf[h# jWb[i Z[ bei =eX_[hdei 7kjÂŒde# jkhW Z[ l‡Wi" YedijhkYY_ÂŒd dk[lW cei :[iY[djhWb_pWZei =7: Z[ Z[ kd fk[dj[" i_ij[cWi Z[ WbYWd# 9ejefWn_" Wi_ij_[hed Wo[h [d bW jWh_bbWZe o W]kW fejWXb[ W d_l[b cW‹WdW o jWhZ[ W kd jWbb[h Z[ YW# cWYhe" h[gk_[h[d Z[ b_Y[dY_W$ fWY_jWY_ÂŒd ieXh[ fheY[iei Z[ b_# CWh‡d [nfb_YÂŒ gk[ [b Yeije Z[ Y[dY_Wc_[dje WcX_[djWb" kdW Ă’ Y^W [i Z[ '.& ZÂŒ# cWd[`e Z[ bei XejWZ[hei ĹŠ bWh[i" +& ZÂŒbWh[i [b Y[h# Z[ XWikhW" h[bb[dei iWd_# j_\_YWZe Z[ _dj[hi[YY_ÂŒd jWh_ei o YWcWb[i ckd_Y_# o YWj[]eh_pWY_ÂŒd o ')& .".2ĹŠ+.2ĹŠ/1.Äą fWb[i Z[ [ijW fhel_dY_W$ 8#!3.2ĹŠ/#04# .2ĹŠ ZÂŒbWh[i Z[ bW h[l_i_ÂŒd Z[b 7dW 8[bƒd CWh‡d" Z_# 8ĹŠ%1 -"#2ĹŠ"# #-ĹŠ fbWd Z[ cWd[`e" WZc_# 3#-#1ĹŠ/+ -ĹŠ"#ĹŠ h[YjehW fhel_dY_Wb Z[b C_# , -#).Ä“ j_ÂŒ gk[ jeZe [ij[ jh|c_j[ d_ij[h_e Z[b 7cX_[dj[ Z[ h[gk_[h[ Z[ kd fheY[ie" ;YkWZeh C7; " _d\ehcÂŒ Æf[he jeZe Z[f[dZ[ Z[b gk[ de jeZWi bWi eXhWi h[gk_[h[d fhefed[dj[" bW _d\ehcWY_ÂŒd gk[ Z[ b_Y[dY_W WcX_[djWb o gk[ [n_ij[ bb[]W Wb C7;" j_[d[ gk[ i[h l[# kd cWb cWd[`e Z[ jƒhc_dei feh h‡Z_YW" Wkdgk[ ^W [n_ij_Ze YWiei fWhj[ Z[ bWi Wkjeh_ZWZ[i" feh be Z[b =7: Fhel_dY_Wb Z[ 9ejefWn_" gk[ Z[`ÂŒ [d YbWhe gk[ ^Wo gk[ Z_# gk[ ^Wd bb[]WZe Yed . W / fheo[Y#
ēŊŊ 2Ŋ 43.1(" "#2Ŋ8Ŋ3_!-(!.2ĔŊ1#!( (#1.-Ŋ"(1#!31(!#2Ŋ#-Ŋ3#, Ŋ , (#-3 +ēŊ
jei Yed _d\ehcWY_ÂŒd gk[ \Wbi[W bW l[hZWZ o bk[]e ^Wo gk[ h[_d_Y_Wh [b fheY[ieÇ" [nfb_YÂŒ bW :_h[YjehW" W j_[cfe Z[ Wi[]khWh gk[ Yed bei =7:Éi YWdjedWb[i de ^W [n_ij_Ze fheXb[cWi o de ^Wo bW d[Y[i_ZWZ Z[ ^WY[h jhWXW`ei Z[ YWcfe fWhW l[h_Ă’ YWh bei fheo[Yjei$ ;b WbYWbZ[ Z[ BWjWYkd]W He# Zh_]e ;if‡d" Yec[djÂŒ gk[ ^Wo Z_iYh[fWdY_W h[if[Yje W bW eX# j[dY_ÂŒd Z[ \_Y^Wi WcX_[djWb[i fWhW fheo[Yjei f[gk[‹ei Z[X_Ze W gk[ bei =7:Éi de Z_ifed[d Z[ h[Ykhiei fWhW [ij[ j_fe Z[ [ijk# Z_ei e Yedikbjeh‡Wi o WZ[c|i [d
[b YWie Z[ BWjWYkd]W [b d‘c[he Z[ fheo[Yjei bb[]Wh‡W W bei +&& fWhW [ij[ W‹e" feh be gk[ be \WYj_# Xb[ i[h‡W Z_ifed[h Z[ kd f[hc_ie Z[iZ[ [b C_d_ij[h_e Z[b 7cX_[d# j[" i_d [cXWh]e ;if‡d WY[fjW gk[ [d bei eXhWi cWYhei i‡ [i d[Y[iW# h_e Ykcfb_h jeZei bei fWh|c[jhei WcX_[djWb[i$ CWh‡d W]h[]ÂŒ gk[" ^Wo [b Yecfhec_ie Z[ bei WbYWbZ[i Z[ \WY_b_jWh [b Z_ijh_Xkj_le Z[ eXhWi Z[ [ij[ W‹e fWhW ^WY[h kd Xh[l[ Wd|b_i_i o iWX[h Yk|djWi Z[ [ijWi d[Y[i_jWd Ă’ Y^Wi o YkWb[i h[gk_[# h[d [ijkZ_ei$
+/#( ,# Ĺ‹-š&)Ĺ‹* , Ĺ‹ -)-Ĺ‹ ' ,! (. Æ;c[h][dY_W _cfb_YW" kd Z[hhkc# X[" bW YW‡ZW Z[ kd fk[dj[" YebWfie Z[ kdW l‡W" YW‡ZW Z[ kdW l_l_[dZW" _dkdZWY_ed[i o ejhei Z[iWijh[i dWjkhWb[i" [b bWijhWZe Z[ YWhh[j[# hWi de [ij| Z[djhe Z[ [ij[ ]hkfe [c[h][dj[Ç" [nfb_YÂŒ [b Z_h[Yjeh Z[b eXhWi f‘Xb_YWi Z[b =eX_[hde 7k# jÂŒdece :[iY[djhWb_pWZe =7: Z[ 9ejefWn_" =[hWhZe 7oWbW" Wb h[# \[h_hi[ W bW [n_][dY_W Z[b WbYWbZ[ Z[ Z[ FWd]kW" @kWd Ck‹ep" Z[ gk[ i[ bWijh[ Wb]kdWi Whj[h_Wi hkhWb[i Z[
[i[ YWdjŒd" i_d [cXWh]e bW WokZW [ijWh‡W bb[]WdZe W i_j_ei [c[h][d# j[i$ 7oWbW [nfb_YŒ gk[ [d j[cfe# hWZW _dl[hdWb h[ikbjW _d\hkYjkeie Ykcfb_h Yed jhWXW`ei Z[ bWijhWZe [d bWi YWhh[j[hWi o h[YehZŒ gk[ bW cWgk_dWh_W Z[ bW [dj_ZWZ fhel_d# Y_Wb [ij| Xh_dZWdZe Wfeoe [d Z_i# j_djei jhWcei Z[ BW CWd|" FWd]kW o I_]Y^ei gk[ ied W\[YjWZei feh bWi bbkl_Wi$ ;nfb_YŒ gk[ feh [b bWfie Z[ +
Z‡Wi [b [gk_fe YWc_d[he jhWXW`Œ [d [b i[Yjeh Z[ FWbe I[Ye [d FWd# ]kW YkWdZe ^kXe kd Z[hhkcX[" feij[h_ehc[dj[ [iW c_icW cW# gk_dWh_W i[ ^WXh‡W jhWibWZWZe fWhW h[Wb_pWh jhWXW`ei fh[l[dj_lei Z[ ZhW]WZei o YedijhkYY_Œd Z[ kd ckhe Z[ f_[ZhW `kdje W bWi bW]k# dWi Z[ en_ZWY_Œd Z[ CehWifkd]e gk[ ^WXh‡W [ijWZe Wc[dWpWZe feh [b h‡e F_‹WdWjk feh kdW fei_Xb[ hkfjkhW Z[b Z_gk[ o fheleYWh [b YebWfie Z[ bWi bW]kdWi$
ĹŠ ĹŠ ĹŠ ĹŠ ^ ĹŠ ĹŠ
ĹŠ ĹŠ
.+(!~ Ä– ĹŠ Ä‰ĹŠÄ‘ÄˆÄ‰ÄąÄ?đĊ ĹŠ ÄˆÄ‡ÄˆĹŠÄ¸++ , " ĹŠ%1 34(3 Äš
1, "2#ĹŠ +ĹŠ +#-. 5ēŊ , 9.- 2ĹŠÄ’ÄąÄˆÄ‰ĹŠ8ĹŠ -3.-(.ĹŠ .2_ĹŠ"#ĹŠ 4!1# ĉđćĉĹĉĊÄ?
., #1.2Ä– ĹŠ Ä‰ĹŠÄ‘Ä‡Ä‡ÄąÄ‡Ä‘Ä‘ĹŠÄľĹŠÄ‰ĹŠÄ‘ÄˆÄŠÄąÄŽÄ‰Ä‡ .2/(3 +Ä– ĹŠ Ä‰ĹŠÄ‘Ä‡Ä‡ÄąÄŠÄŠÄˆĹŠÄľĹŠÄ‰ĹŠÄ‘Ä‡Ä‡ÄąÄŠÄŠÄ‰
ŊĉĎŊ Ŋ Ŋ ŊĊŊ ŊŊ
-ĹŠ .2_ŊĉŊ 149ĹŠ 94+ 4(3.ĹŠ8ĹŠ "1#ĹŠ +!#". ĉđćÄ?ĹĉđÄ? - ĹŠ - ĹŠ ' +4/ 2 5ēŊ (-!.ĹŠ"#ĹŠ 4-(.ĹŠÄ?ĹĎćŊ8ĹŠ , 9.- 2 Ä‰Ä‘ÄˆÄ‰ÄąÄˆÄŠÄ?
49ĹŠ8ĹŠ (" (,¢-ĹŠ ."1~%4#9ĹŠ8ĹŠ - ,; ĉđććĹđÄ?ĉ
ă
ĹŠ ĹŠ }
-.Ŋ#2Ŋ"4# .Ŋ"#Ŋ+.Ŋ 04#Ŋ! ++ Ŋ8Ŋ#2!+ 5.Ŋ "#Ŋ+.Ŋ04#Ŋ' + ĢēŊ
ĹŠ
;b :_h[Yjeh Wi[]khŒ gk[ [ij| W Z_ifei_Y_Œd Z[ FWd]kW kdW [nYW# lWZehW" kd lebgk[j[ o kdW YWh]W# ZehW" [d [ijei Z‡Wi bW [nYWlWZehW [ijWh‡W bWXehWdZe [d [b i[Yjeh Z[ ;b =kWoWY|d fWhW bW YebeYWY_Œd Z[b fk[dj[ XW_b[o" [d BW CWd|$ 7dkdY_Œ gk[ ejhe [gk_fe YWc_d[# he _d]h[iWh| W bW pedW WbjW Z[ FWd# ]kW [b fhŒn_ce bkd[i fWhW h[Wb_pWh jhWXW`ei fh[l[dj_lei$ FWhW 7oWbW BW CWd| j_[d[ cWoeh W\[YjWY_Œd feh [b YebWfie Z[ lWh_ei fk[dj[i$
Bei _dj[]hWdj[i Z[ bW 9|cWhW Fhel_dY_Wb Z[ 9ejefWn_" i[i_e# dWhed Wo[h fWhW WdWb_pWh [b jhWjWc_[dje o WfheXWY_ÂŒd Z[b h[]bWc[dje fWhW [b Z[iWhhebbe Z[ fhe]hWcWi o fheo[Yjei Z[ \ec[dje fheZkYj_le Z[ 9eje# fWn_" [nfhef_WY_ÂŒd Z[b X_[d _dck[Xb[ fWhW bW Wcfb_WY_ÂŒd Z[ kdW [iYk[bW [d bW fWhhegk_W ;beo 7b\Whe o jhWjWc_[dje o WfheXWY_ÂŒd W bWi h[\ehcWi Z[b h[]bWc[dje _dj[hde fWhW bW eh# ]Wd_pWY_ÂŒd X|i_YW o ][ij_ÂŒd Z[ WhY^_le" Z[fkhWY_ÂŒd o [b_c_dW# Y_ÂŒd Z[ ZeYkc[djei Z[b =7: Fhel_dY_Wb$ ;b l_Y[bWYWbZ[ Z[ IWbY[Ze" =[hcWd Fepe" Yedi_Z[hÂŒ d[Y[# iWh_e h[]bWc[djWh [b i_ij[cW _dijWkhWZe fWhW [b cWd[`e Z[ fheo[Yjei fheZkYj_lei fWhW gk[ [n_ijW kd i[]k_c_[dje o Yedjheb Z[ bei fheo[Yjei" Wi[# ieh‡W jƒYd_YW o gk[ WZ[c|i i[ l[h_Ă’ gk[ gk[ [ijei fhe]hWcWi X[d[Ă’ Y_[d W bWi Yeckd_ZWZ[i o j[d]Wd ZkhWX_b_ZWZ$ Æ9kWdZe de [n_ij[ i[]k_# c_[dje W [ij[ j_fe Z[ fheo[Y# jei" bei ]Wijei de Yedjh_Xko[d Wb Z[iWhhebbe Z[ bW fhel_dY_WÇ Yec[djÂŒ [b Yedi[`[he" Wkdgk[ [b h[]bWc[dje jhWi i[h WdWb_# pWZe [d fh_c[hW _dijWdY_W [d bW 9|cWhW Fhel_dY_Wb fWiÂŒ W cWdei Z[ bW Yec_i_ÂŒd Z[ b[]W# b_pWY_ÂŒd$
¥ ēŊ 8#1Ŋ2#2(.-¢Ŋ+ Ŋ ;, 1 Ŋ 1.5(-!( +ē
§ Ä… 0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?Ä€Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ?
Ŋ5#1" "#1 Ŋ +Ŋ. )#3(5.Ŋ#2Ŋ %1 -"#9 Ŋ-.Ŋ 1#!.1" 1+#Ŋ Ŋ -#!#2(3 Ŋ+ Ŋ + Ŋ!(4" " -~ Ŋ '4,(++ !(¢-Ŋ + Ŋ/1#2#-!( Ŋ"#Ŋ "#+Ŋ1#23.ĢēŊ + Ŋ 149Ŋ .) Ŋ#-Ŋ#+Ŋ ;, (3.Ŋ"#Ŋ+ Ŋ".- Ĺ Ŋ !(¢-Ŋ5.+4-3 1( Ŋ"#Ŋ 2 -%1#ĢēŊ Ŋ Ŋ Ŋ Ŋ
(14%~ 2ĹŠ%1 34(3 2
BW IeY_[ZWZ ;YkWjeh_WdW Z[ 9_hk]‡W Fb|j_YW" H[YedijhkY# j_lW o ;ijƒj_jYW I;9FH; " Yed iki */ iefY_ei WĂ’ b_W# Zei" iWbkZW W bei c[Z_ei Z[ Yeckd_YWY_ÂŒd o ieb_Y_jW Z[ bW cWd[hW c|i Yec[Z_ZW ik WokZW fWhW Z_\kdZ_h o fhece# Y_edWh bW ][ij_ÂŒd gk[ [ijWcei h[Wb_pWdZe [d X[d[Ă’ Y_e Z[ bei c|i d[Y[i_jWZei" Wb h[Wb_pWh Y_hk]‡Wi ]hWjk_jWi Z[ bWX_e b[feh_de o fWbWZWh Ă’ ikhWZe [d [b >eif_jWb Z[b :‡W ÆD_‹ei Z[ bW CWde Z[ CWh‡WÇ Z[ bW c[d# Y_edWZW ieY_[ZWZ" Z[ bkd[i W l_[hd[i$FWhW cWoeh _d\ehcW# Y_ÂŒd fk[Z[d Yeckd_YWhi[ Wb &(#))'#-,'/ e Wb &//**.++($ 1ēŊ 1!#+.ĹŠ _+#9 1#2("#-3#ĹŠ"#ĹŠ #!/1#
.- 1ĹŠ2 -%1# 2 +5 ĹŠ5(" 2
LWh_Wi f[hiedWi ZedWd iWd]h[ Yed \h[Yk[dY_W" Wb]kdWi j_[d[d bW _dj[dY_ÂŒd Z[ ^WY[hbe f[he de fk[Z[d o ejhWi gk[ fk[Z[d de be ^WY[d feh j[ceh" YkWbgk_[hW i[W bW i_jkW# Y_ÂŒd [i _cfehjWdj[ [dj[dZ[h gk[ kdW f_djW Z[ iWd]h[ fk[Z[ iWblWh l_ZWi$ 7Z[c|i" i_ i[ Yk[djW Yed bW iWbkZ Yecfb[jW [i bW efehjkd_# ZWZ fWhW ^WY[hbe o WokZWh$ 1!#+ ĹŠ .11#2
3 !4-%
-$.1, +#2ĹŠ -.ĹŠ2#ĹŠ,4#5#-
BWc[djWXb[c[dj[ bWi YWbb[i Wb[ZW‹Wi Wb i[Yjeh Z[ ;b IWbje" [if[Y_Wbc[dj[ bei Z‡Wi Z[ \[h_W" i[ bb[dWd Z[ l[dZ[Ze# h[i _d\ehcWb[i gk[ W c|i Z[ eXijWYkb_pWh [b fWie f[WjedWb o l[^_YkbWh" ZWd kdW cWbW _cW][d W bW Y_kZWZ$ 7b]kdei ^WY[d fk[ijei Ò `ei [d bWi l[h[ZWi" Ò d`[d cel[h# i[ YkWdZe l[d W kd feb_Y‡W ckd_Y_fWb o bk[]e h[]h[iWd" [b [iYWie d‘c[he Z[ feb_Y‡Wi ckd_Y_fWb[i ^WY[ gk[ [b Yed# jheb de i[W jejWb o gk[ de i[ fk[ZW YedjhebWh [ij[ j_fe Z[ l[djWi gk[ i_ X_[d ied d[Y[iW# h_Wi Z[X[d ehZ[dWhi[$ 1!#+ Ŋ ;!.,#
3 !4-%
ĹŠ ĹŠ ĹŠ Ä– ! 13 2 +"(1#!3.1Äž+ '.1 Ä“!.,Ä“#! 2(++ ĹŠÄˆÄ?ĈÄ?Ä‰ÄŒÄŠĹŠ ĹŠ.ĹŠ!4 +04(#1 ĹŠ "#ĹŠ-4#231 2ĹŠ %#-!( 2Ä“ #04(2(3.2Ä–ĹŠ ., 1#2ĹŠ8ĹŠ /#++(".2ĹŠ!.,/+#3.2Ä—ĹŠ-ĂŒ,#Äą 1.ĹŠ"#ĹŠ _"4+ Ä—ĹŠ3#+_$.-.ĹŠÄ¸ÄƒĹŠ).ĚėŊ"(1#!!(¢-ĹŠ".,(!(+( 1( ĹŠ .ĹŠ"#ĹŠ31 ).ĹŠ8ĹŠ!.11#.ĹŠ#+#!31¢-(!.Ä“
ŋŋ
;d kd Z_iYkj_Ze h[\[hƒdZkc i[ WfheXÂŒ [d fWgk[j[ kdW bbWcWZW h[\ehcW `kZ_Y_Wb YkoWi fhec[iWi fh[j[dZ‡Wd h[_dWk]khWhbW Yece ÆdkdYW [d bW ^_ijeh_W Z[b fW‡iÇ$ ;d [b |d_ce h[\kdZWY_edWb j‡f_Ye" [b fh_c[h fWie ZkZeie \k[ bW [b[YY_ÂŒd Z[b 9edi[`e Z[ bW @kZ_YWjkhW" _dj[]hW# Ze feh jh[i WZb|j[h[i Z[b ;`[Ykj_le gk[ ZkhWdj[ [ijei c[i[i ^Wd f[hi[]k_Ze W hW`WjWXbW W gk_[# d[i de f_[diWd Yece [b e\_Y_Wb_ice o W Wgk[bbei YkoWi h[iebkY_ed[i de b[i X[d[\_Y_Wd$ 9WdY[bWY_ed[i" `k[Y[i W Z[Ze" i[dj[dY_Wi cWd_fkbWZWi" WYecfW‹Wd W kdW [b[YY_ÂŒd Z[ @k[Y[i DWY_edWb[i Z[\_d_j_lWc[dj[ jhWcfeiW f[he gk[ [d Wb]e i[ ieij[d‡W [ij[ fWhje Z[ bei cedj[i ^WijW gk[ jh[i fki_b|d_c[i [nf_Z_[hed kdW i[dj[dY_W feh bW gk[ [b ckdZe i[ ^ehheh_pÂŒ o gk[" Yed jeZe Z[ifWhfW`e bk[]e" i[ f_Z_ÂŒ ik WhY^_le$ ;b ckdZe i[ [dj[hÂŒ Z[ bW [n_ij[dY_W
ĹŠ ĹŠ
,)' - Ĺ‹ &#. , ,# De ^Wo c[`eh \ehcW Z[ [dh_gk[# Y[h [b bƒn_Ye gk[" [iYkY^Wh e b[[h W kdW ck`[h X_[d \ehcWZW h[Ă’ # h_ƒdZec[ W bWi b[jhWi " [d lWh_ei i[]kdZei fk[Z[d Z[ifh[dZ[h Z[ ik XeYW kdW YWdj_ZWZ Z[ fWbWXhWi gk[" `kdjWi i[ Yedl_[hj[d [d kd l[hZWZ[he fbWY[h Wb i[h [iYkY^W# ZWi e b[‡ZWi Yece [i [b YWie WYjkWb" feh h[bWY_edWh jWdje bW [i[dY_W Z[ bW iWb gk_j[‹W e bWjWYkd]k[‹W gk[ i_d ZkZW" [i Wb]e gk[ fWhj_YkbWh# c[dj[ be Z_i\hkje Wb c|n_ce$
Z[ kd fW‡i gk[ f[hZ_ÂŒ iki b_X[hjWZ[i o gk[ [ij| h[]_Ze feh kdW j_hWd‡W$ 7i‡ [ijW 9ehj[ DWY_edWb dWY_ÂŒ ck[hjW o [i _dYedY[X_Xb[ bW feYW Z_]d_ZWZ Z[ gk_[d bW fh[i_# Z[" YedYkhh_[dZe fh[ikheie Wb i^em Z[b f[hZÂŒd o WlWb_pWdZe jeZWi bWi XWpe\_Wi gk[ Yedj[d‡W [b Z_iYkhie#YWhjW$ <_dWbc[dj[ bei `k[Y[i gk[ Yede# Y[d [b bbWcWZe YWie Z[ Ăˆ;b =hWd >[hcWdeÉ lWd W Yedjh_Xk_h jWcX_ƒd W bW Yh[cWY_ÂŒd Z[ bW `kij_Y_W o Z[ceijhWh|d gk[ Wb _]kWb gk[ [d jeZei bei ]eX_[hdei d[\Wijei" bW `kij_Y_W o bei eh]Wd_icei Z[ Yedjheb ied i_cfb[i c[YWd_icei Z[ f[hi[Yk# Y_ÂŒd$ I[ WcfWhWd [d b[o[i o ehZ[dWdpWi gk[ bei Z_YjWZeh[i Yh[Wd$ ;\[Yj_lWc[dj[" [bbei \eh`Wd ik fhef_W `kij_Y_W o bW ^_ijeh_W [i fhÂŒZ_]W [d cWbei [`[cfbei$ O jWcX_ƒd WXkdZW [d YWiei [d bei gk[ [iW c_icW `kij_Y_W kd Z‡W b[i fWiÂŒ bW Yk[djW$
B[o[dZe kd [djh[j[d_Ze Whj‡Ykbe Wb fWh[Y[h [i Z[ kdW bWjWYkd]k[‹W Z[ kdW fh[ij_]_eiW h[l_ijW gk[ feh [b j_jkbWh bbWcÂŒ c_ Wj[dY_ÂŒd" [cf[# Yƒ W ikc[h]_hc[ [d kdW W]hWZWXb[ kd_ÂŒd Z[ fWbWXhWi gk[ fhecel_[# hed c_ _dj[hƒi b_j[hWh_e" Yece gk_[d [dYk[djhW Wb]e f[hZ_Ze bk[]e Z[ Wb]‘d j_[cfe Z[ Z[Y[dWi Z[ ^e`Wi feb‡j_YWi" Yec[djWh_ei YWdied[i Z[ kd ÆZ_Wh_e XWhWjeÇ$ Be fbWY[dj[he Z[ kd Whj‡Ykbe [i [dYedjhWh bW cej_lWY_ÂŒd d[Y[iWh_W fWhW de Z[`Whbe Z[ b[[h" [d [ijWi Y_hYkdijWdY_Wi" YWZW f|hhW\e" i[ Yedl_[hj[ [d kd [b_n_h gk[ de b[ f[h# c_j[ f[hZ[h bW Wj[dY_ÂŒd" Wb c_ice j_[cfe b[ _dlWZ[ bW deijWb]_W Z[ gk[ YWZW l[p gk[ WlWdpWi [d ik b[YjkhW fhedje j[hc_dWh|$ BWi \hWi[i c[Z_Wi f[hZ_ZWi feh jWdje jƒhc_de WZeb[Y[dj[ [ _dj[h# Z[iYkX_[hje" i[ Yedl_hj_[hed [d ^_ijeh_W fWiWZW YkWdZe b[‡W Y_jWi
jWd dWjkhWb[i Æ$$$ @khe gk[ de lebl‡ W Z[Y_h [ijW XeYW [i c‡WÇ" Æ$$$ YWcX_ƒ c_ Z_iYkhie Z[b c[Z_e W bW c_jWZÇ" Æ$$$ Zei e jh[i YbWi[i ieY_Wb[i c|i gk[ oeÇ Yed\ehc[ _XW Z[b[_j|dZec[ Yed bW b[YjkhW c[ Z_`[ W c_ c_ice" i_ [ij[ h[bWje c[ iWYW iedh_iWi" [iYh_# X_hƒ kd Whj‡Ykbe ieXh[ jeZW [ijW Xk[dW dWhhWY_ÂŒd" o Yece bW [iYh_# jehW c[ iWYÂŒ YkWjhe YWhYW`WZWi o c|i Z[ kdW ck[YW" Wgk‡ [ijeo oe$$$" Ykcfb_[dZe Yed c_ fhec[iW$ ÂľO W^ehW gkƒ5 Dei gk[ZW Z[Y_h" [d ^ehW Xk[dW feh bei [iYh_jeh[i [YkWjeh_Wdei gk[ be]hWd ikc[h]_hdei [d iki [if[Y_W# b[i h[bWjei" f[hc_j_ƒdZedei ie‹Wh o Z[b[_jWhdei Yed iki WiecXheiei Yec[djWh_ei bb[dei Z[ l_jWb_ZWZ" Yh[Wj_l_ZWZ" o gk[ Yedij_jko[d bW [i[dY_W Z[b [YkWjeh_Wde [d ik Yed# l_l_h Z_Wh_e$
} ĹŠ
^ĹŠ }
(Ĺ‹ &.)Ĺ‹ Ĺ‹&)-Ĺ‹ ' , 4)>Wo cec[djei fWhW h[‡h" fWhW bbehWh" fWhW i[h d_‹ei o fWhW i[h WZkbjei1 YWZW YeiW W ik j_[cfe$ I_d [cXWh]e" [d eYWi_ed[i feh _]dehWdY_W e h[X[bZ‡W iWbjWcei Y_[hjWi [jWfWi o bb[]Wcei W fW]Wh Z[cWi_WZe YWhe feh dk[ijhei WY# jei$ ;b i[ne Yed [b fWie Z[b j_[cfe ^W _Ze Z[`WdZe Z[ i[h be fhe^_X_# Ze o be eYkbje$ Be f[hY_X_cei [d bei b_Xhei" bW j[b[l_i_ÂŒd" bW c‘i_YW" [b _dj[hd[j [ _dYbkie [d bWi YWh_YW# jkhWi _d\Wdj_b[i" fh|Yj_YWc[dj[ i[ ^W lk[bje fWhj[ Z[ dk[ijhe c[Z_e Wkdgk[ jeZWl‡W f[hi_ij[ kd j_dj[ Z[ l[h]”[dpW Wb ^WXbWh \hedjWbc[dj[ Z[ [bbe$ Bei [cXWhWpei [d WZeb[iY[dj[i Yedij_jko[d kde Z[ bei fheXb[cWi c|i WbWhcWdj[i [d dk[ijhe fW‡i1 bW jWiW Z[ \[YkdZ_ZWZ WZeb[iY[dj[ [d ;YkWZeh [i kdW Z[ bWi c|i WbjWi [d bW h[]_ÂŒd WdZ_dW$ Iebe [d [b ‘bj_ce W‹e [d dk[ijhW fhel_dY_W i[ h[]_i# jhWhed c|i Z[ '(+- [cXWhWpei [d WZeb[iY[dj[i$ Âľ9k|b [i [djedY[i" bW [nfb_YWY_ÂŒd W [ij[ \[dÂŒc[de5 :kZe gk[ Wb]kdW Z[ [ijWi `ÂŒl[d[i ^WoW fbWd_\_YWZe i[h cWZh[ W jWd YehjW [ZWZ$ ?d\ehcWY_ÂŒd ieXh[ [b j[cW [i be gk[ ieXhW" fheXWXb[c[dj[ bW cWd[hW Z[ jhWdic_j_hbW [i bW [hhÂŒ# d[W$ I_[cfh[ Z[b[]Wcei h[ifed# iWXb[i" [d [ij[ YWie Wikc_cei gk[ bWi _dij_jkY_ed[i [ZkYWj_lWi Z[X[d i[h bWi fh[YkhiehWi$ I_d [cXWh]e" [i kdW h[Wb_ZWZ [d bW gk[ bW \Wc_b_W j_[d[ kd fWf[b jhWiY[dZ[djWb$ ;b i[ne [ij| _dc[hie [d bW dWjk# hWb[pW Z[b ^ecXh[ o c|i gk[ kd f[YWZe e Wb]e l[h]edpeie" [b j[cW Z[X[h‡W i[h [nfh[iWZe Yed \hedjW# b_ZWZ i_d j_c_Z[Y[i d_ Yk[djei" i_de c|i X_[d Yece Wb]e dehcWb f[he Yed bWi h[ifediWX_b_ZWZ[i d[Y[iW# h_Wi$ 7 [bbe i[ ikcW bW _cfehjWdY_W Z[b lWbeh o h[if[je gk[ bei `ÂŒl[d[i i[ Z[d W i‡ c_icei$ ;i d[Y[iWh_e gk[ bei `ÂŒl[d[i Wdj[fed]Wd iki fheo[Yjei Z[ l_ZW fhe\[i_edWb W kde [ceY_edWb" ZedZ[ iki ik[‹ei o Wif_hWY_ed[i i[Wd [b cejeh fWhW j[d[h Yedjheb Z[ iki _cfkbiei o WYj‘[d Yed h[ifediWX_b_ZWZ$
1#2("#-3#ĹŠ !(.- + ĹŠ ĹŠ } "(3.1 ĹŠ #-#1 +
ĹŠ ÂĄ ĹŠ "(3.1 ĹŠ #%(.- + ÂĄ ĹŠ ĹŠ Ä“ "(#/.! ĹŠ Ä“ Ä“ (1#!!(¢-Ä–ĹŠ #-#1 +ĹŠ +".- ".ĹŠ8ĹŠ ;-!'#9ĹŠ"#ĹŠ 1#++ - #+_$.-.2Ä–ĹŠÄ‰ĹŠÄ‘Ä‡ÄˆÄ‡Ä‡ÄŽ 4 +(!(" "Ä–ĹŠÄ‰ĹŠÄ‘ÄˆÄˆÄ‡Ä‡Ä’ #+#$ 7Ä–ĹŠĹŠÄ‰ĹŠÄ‘ÄˆÄ‡Ä?ĈĒ , (+Ä–ĹŠ!.3./ 7(Äž+ '.1 Ä“!.,Ä“#! + '.1 Äž -"(- -#3Ä“-#3  .Ä–ĹŠ ĹŠ .Ä“ĹŠÄˆÄŽÄ’ÄŽ
666ē+ '.1 ē!.,ē#! 23 Ŋ2#!!(¢-Ŋ1#/1#2#-3 Ŋ#+Ŋ/#-2 ,(#-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-.Ŋ1#ĄŊ#) -Ŋ -#!#2 1( ,#-3#Ŋ#+Ŋ/#-2 ,(#-3.Ŋ"#+Ŋ/#1(¢"(!.ē
˜ ( Ĺ‹&& ! Ĺ‹ ),, Ĺ‹ &ŋĒ '*),#)Ĺ‹ /-# &Ä“
Ĺ?Ĺ? Ä€Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ?
,.#-. ŋŋ .,#/( Ĺ‹ (Ĺ‹ -* ˜
(2(3 1;Ŋ 4)(+~Ŋ, Ĺ  - Ŋ8Ŋ#+Ŋ2; ".ĔŊ #-Ŋ+ Ŋ %#-" Ŋ!.-2Ĺ 3 -Ŋ5 1( 2Ŋ !3(5(Ĺ " "#2ē
ĹŠÄ› CkY^ei c_]hWd Z[
}Ŋě ;b fh[i_Z[dj[ Z[ bW H[f‘#
Xb_YW" HW\W[b 9ehh[W" bb[]Wh| Z[ l_i_jW W Fk`_b‡" ZedZ[ i[ h[Wb_pWh| [b ]WX_d[j[ Wcfb_WZe" o [b i|XWZe bW YWZ[dW iWXWj_dW" [ijW [i bW fh_c[hW l[p [d [b W‹e gk[ [b CWdZWjWh_e l_# i_jWh| [b Ăˆ;cfeh_e Cki_YWbÉ$ #4-(.-#2ĹŠ <[hdWdZe CWjkj[" YedY[`Wb Z[b =e# X_[hde 7kjÂŒdece :[iY[djhWb_pW# Ze =7: Ckd_Y_fWb Z[ Fk`_b‡" Z_e W YedeY[h gk[ oW i[ cWdjkl_[hed h[kd_ed[i Yed [b WbYWbZ[ =kijWle 9W‹Wh o bei [Z_b[i ĹŠ [d ZedZ[ i[ jhWjÂŒ bW fbWd_\_YWY_ÂŒd +ĹŠ, -" 3 1(.ĹŠ Z[b =WX_d[j[ ?j_# +,.19 1;ĹŠ ,  - ĹŠ#-ĹŠ#+ĹŠ d[hWdj[ Z[b Fh[# ÄĽ /4+~ČĔŊ,(#-Äą Äą i_Z[dj[ o iki C_# 31 2ĹŠ04#ĹŠ#+ĹŠ2; ".ĹŠ+.ĹŠ' 1;ĹŠ#-ĹŠ+ ĹŠ .23#1~ ĹŠ d_ijhei$ ÆBei fk`_b[d# (-!' '4 2~-ēŊŊŊ i[i dei i[dj_cei cko eh]kbbeiei gk[ [b I[‹eh Fh[i_# Z[dj[ Wi_ijW W dk[ijhe YWdjÂŒd" [bbe [i kdW efehjkd_ZWZÇ" Z_`e CWjkj[ h[Ă’h_ƒdZei[ W gk[ [ij[ i[h| [b [i# Y[dWh_e fWhW gk[ bei Y_kZWZWdei o Wkjeh_ZWZ[i [nfed]Wd iki d[Y[i_# ZWZ[i Wb CWdZWjWh_e$ Æ>W]e kd bbWcWZe W jeZei bei Z_h_][dj[i i_ j_[d[d fhefk[ijWi [
Ć
ĹŠ +ĹŠ#-+ !#ĹŠ!(4" Äą " -.ĹŠ2#1;ĹŠ ĹŠ+ 2ĹŠ ÄˆÄ‡Ä–Ä‡Ä‡ĹŠ#-ĹŠ+ 2ĹŠ! -Äą !' 2ĹŠ 4%423.ĹŠ
#, ēŊ
ēŊ ĹŠĂŒ+3(, ĹŠ5#9ĹŠ04#ĹŠ $ #+ĹŠ .11# ĹŠ++#%¢Ŋ ĹŠ 4)(+~ĔŊ#2/#!~ă! ,#-3#ĹŠ ĹŠ 4, '4 ĔŊ".-"#ĹŠ345.ĹŠ4-ĹŠ !#1! ,(#-3.ĹŠ!.-ĹŠ+ ĹŠ %#-3#ēŊĸ .3.ĹŠ 1!'(5.ĚēŊ
_Z[Wi" gk[ l[d]Wd o [nfed]Wd W bei Z_\[h[dj[i C_d_ijhei fWhW gk[ i[Wd Wj[dZ_Zei" fk[i [ijW [i bW Ă’dWb_ZWZ Z[ bW l_i_jWÇ" WYbWhÂŒ CWjkj[$ I[]‘d [b ;Z_b" [b Fh[i_Z[dj[ ^WXbWh| Yed YWZW kde Z[ bei WbYWbZ[i Z[ bW fhe# l_dY_W$ 1.-.%1 , ĹŠ"#ĹŠ !3(5(" "#2ĹŠ BW W][dZW _d_Y_Wh| Z[iZ[ bWi .0)&"
[d [b IWbŒd Z[ I[i_ed[i" ZedZ[ bei c[Z_ei j[dZh|d bW efehjkd_ZWZ Z[ fbWdj[Whb[ _dgk_[jkZ[i Wb Fh[i_# Z[dj[" kd fWh Z[ ^ehWi c|i jWhZ[ [d [b IWbŒd Z[ >edeh i[ Z[iWhhebbW# h| [b =WX_d[j[ 7cfb_WZe$ C_[djhWi gk[ W bWi '+0&& [d bW [iYk[bW F[Zhe L_Y[dj[ CWbZedWZe ^WXh| kdW \[# h_W Z[ jkh_ice$ FWhW YedYbk_h [b Z‡W W bWi (&0)& Yed kdW DeY^[ 9kbjk#
hWb [d [b Yeb_i[e Z[b _dij_jkje f[ZW# ]Œ]_Ye 8[b_iWh_e Gk[l[Ze$ #2/.-2 (+(" "#2 CWjkj[ Z_e W YedeY[h gk[ jhWi ^e# hWi Z[ jhWXW`e i[ Z[b_d[Whed bei ‘bj_cei Z[jWbb[i Z[ bW l_i_jW Z[ 9ehh[W" [d bW gk[ i[ Z[i_]dŒ kd h[ifediWXb[ fWhW YWZW WYj_l_ZWZ W Ykcfb_hi[$
/0# ,)(Ĺ‹, /(#š(Ĺ‹ Ĺ‹ ., $)ŋŋ (Ĺ‹ #( # .) ĹŠÄ› 7o[h i[ h[Wb_pÂŒ kdW h[# kd_ÂŒd [d [b I_dZ_YWje Z[ 9^e\[h[i Fhe\[i_edWb[i Z[ IWbY[Ze" W bW gk[ Wi_ij_[hed bei i[Yh[jWh_ei ][d[hW# b[i Z[ bei Z_ij_djei YWdjed[i$ BW h[kd_ÂŒd \k[ YedleYWZW feh H_YWh# Ze Ede\h[ =edp|b[i" i[Yh[jWh_e =[d[hWb Z[ bW <[Z[hWY_ÂŒd Z[ 9^e# \[h[i Fhe\[i_edWb[i Z[b ;YkWZeh" fWhW bW Z_iYki_ÂŒd Z[ j[cWi Yece bW h[Wf[hjkhW Z[ dk[lWi [iYk[bWi Z[ YWfWY_jWY_ÂŒd" dk[lei Ykhiei$ BW YedleYWjeh_W i[ h[Wb_pÂŒ fWhW bWi '&0&&" i_d [cXWh]e _d_Y_ÂŒ fW# iWZWi bWi ''0&&" fk[i bei h[fh[i[d# jWdj[i Z[ BW CWd|" jkl_[hed fhe# Xb[cWi Yed bW cel_b_pWY_ÂŒd feh [b cWb [ijWZe Z[ bWi l‡Wi$
ēŊ Ŋ1#4-(¢-Ŋ$4#Ŋ-#!#2 1( Ŋ/ 1 Ŋ3., 1Ŋ#-Ŋ!4#-3 Ŋ#+Ŋ/4-3.Ŋ"#Ŋ 5(23 Ŋ"#Ŋ+.2Ŋ2#!1#3 1(.2Ŋ%#-#1 +#2ēŊ
4#23(.- ,(#-3.2 Ede\h[ Z_e W YedeY[h gk[ [i _c# fehjWdj[ Yk[ij_edWh be gk[ eYk# hh_ÂŒ Z[iZ[ gk[ bW <[Z[hWY_ÂŒd Z[ 9^e\[h[i Z[b ;YkWZeh Z[`ÂŒ Z[ i[h WZc_d_ijhWZehW Z[ bWi [iYk[bWi Z[ YWfWY_jWY_ÂŒd ÆbWi YeiWi de [dYW`Wd X_[d" de [ij|d X_[d [dYkWZhWZWiÇ"
Z_`e$ ;d bW h[kd_ÂŒd i[ jhWjÂŒ j[cWi Yece bW h[Ykf[hWY_ÂŒd Z[ fkdjei gk[ lWh_ei Y^e\[h[i fhe\[i_edW# b[i f[hZ_[hed [d [b jhWdiYkhie Z[b [`[hY_Y_e Z[ ik fhe\[i_ÂŒd$ H[iebl_[# hed gk[ i_ Z_\[h[dj[i [iYk[bWi Z[ YWfWY_jWY_ÂŒd [ij|d [d bW YWfWY_ZWZ Z[ fh[i[djWh Ykhiei Z[ h[Ykf[# hWY_ÂŒd Z[ fkdjei" [b I_dZ_YWje Z[ 9^e\[h[i jWcX_ƒd fk[Z[ ^WY[hbe" fWhW be gk[ i[ h[Y_X_[hed lWh_Wi fhefk[ijWi gk[ jkl_[hed gk[ l[h X|i_YWc[dj[ Yed WXWhWjWh bei Yei# jei W bWi f[hiedWi _dj[h[iWZWi$ ÆGk[h[cei ^WY[hbe Yed kd W\|d Z[ i[hl_Y_e W bei Y^e\[h[iÇ" [d\Wj_# pÂŒ Ede\h[" gk_[d [nfh[iÂŒ [b W]hW# Z[Y_c_[dje Wb i[Yh[jWh_e ][d[hWb Z[ IWbY[Ze" D[\jWb_ 8Wkj_ijW" feh f[hc_j_h gk[ bWi _dijWbWY_ed[i Z[b i_dZ_YWje i[Wd kj_b_pWZWi fWhW bW 7iWcXb[W$ <_dWbc[dj[ i[ \ehcÂŒ kdW Yec_# i_ÂŒd gk[ l_W`Wh| W Gk_je W Z_Wbe]Wh ieXh[ bW Wf[hjkhW Z[ bWi [iYk[bWi Z[ YedZkYY_ÂŒd$
ik[be [YkWjeh_Wde [d XkiYW Z[ c[`eh[i efehjkd_ZWZ[i" [ij[ [i [b YWie Z[ FWjh_Y_e 9_id[hei" gk_[d [d ;ifW‹W" ^WY[ fWjh_W Z[b[_jWdZe W jeZei Yed ik c‘# i_YW$ 9_id[hei fhel_[d[ Z[ kdW \Wc_b_W Z[ YWdjWdj[i" [d '///" l_W`ÂŒ W 8WhY[bedW# ;ifW‹W Yed [b ‘d_Ye fhefÂŒi_je Z[ YWdjWh dk[ijhW c‘i_YW W jeZei bei [YkWjeh_Wdei gk[ feh Z_ij_djei cej_lei i[ l_[hed eXb_]WZei W Z[`Wh ik j_[hhW$ >eo [ij| Z[ h[]h[ie W ik j_[# hhW I_]Y^ei" W fWhj[ Z[ l_i_jWh W iki \Wc_b_Wh[i o Wc_]ei l_de fWhW ]hWXWh kd YZ Yed kdW h[# Yef_bWY_ÂŒd Z[ bei c[`eh[i j[# cWi Z[b f[djW]hWcW dWY_edWb$ ;b Whj_ijW c|i YedeY_Ze Yece [b ĂˆFWje 9_id[heiÉ" [nfh[iÂŒ0 Æc[ ]hWZW ckY^e [ijWh [d [b Ăˆ@WhZ‡d 9eb]Wdj[ Z[ bei 7dZ[iÉ" bW j_[hhW gk[ c[ l_e dWY[h" [b h[Yehh[h iki YWbb[i o c_hWh W bei X[bbei ?b_d_pWi l_[d[ W c_ c[dj[ lWh_ei h[Yk[hZei Z[ c_ l_ZW gk[ c[ _dif_hWd W i[]k_h WZ[bWdj[ Yed c_ YWhh[hWÇ$ +#%1~ ĹŠ CWd_\[ijÂŒ jWcX_ƒd ik [ceY_ÂŒd fk[i bW ][dj[ Z[ I_]Y^ei be h[# Y_X_ÂŒ Yed W\[Yje [d [b fhe]hWcW Z[b Fh_c[h 9WhdWlWb I_]Y^ei (&'(" ZedZ[ [b ĂˆFWje 9_id[heiÉ ^_pe XW_bWh o h[YehZWh bei X[bbei j[cWi Z[ bW c‘i_YW dWY_edWb" Z_e W YedeY[h gk[ bk[]e Z[ ]hW# XWh [b 9Z i[ h[]h[iW W ;ifW‹W W Yedj_dkWh Yed bW Z_\ki_ÂŒd Z[ bW c‘i_YW [YkWjeh_WdW Yed jeZei bei Yej[hh|d[ei gk[ l_l[d b[`ei Z[ ik cWZh[ fWjh_W" Æ[i cko [ceY_edWdj[ l[h Yece dk[i# jhei fW_iWdei b[i [dYWdjW [iYk# Y^Wh bW c‘i_YW [d [ijei fW‡i[i ;khef[ei i[ fed[d cko Yed# j[djei o W ik c[dj[ l_[d[d bei c[`eh[i h[Yk[hZei Z[ ik fW‡iÇ" WYejÂŒ 9_id[hei$ Feh ik fWhj[" lWh_ei i_]Y^[d# i[i Z_[hed W YedeY[h iki Z[i[ei fWhW gk[ kdW l[p gk[ lk[blW W ;ifW‹W Æj[d]W [b c[`eh Z[ bei ƒn_jeiÇ$
ēŊ ĹŠ,ĂŒ2(! ĹŠ#!4 3.1( - ĹŠ +.ĹŠ'(9.ĹŠ$ ,.2.ĹŠ#-ĹŠ 2/  ēŊ
ı
: ũ ũ ũ ũ 666ē+ '.1 ē!.,ē#!
ć
ŏ Āāŏ ŏ ŏ ŏĂĀāĂ
ŏ +. ŏ
"% 1ũ + ;-Ĕũ .2#ăũ- ũ ,/ ũ8ũ 4(2ũ .1) ēũ 1!(2 ũ 4#11 Ĕũ (3.ũ + 11 !~-Ĕũ 13' ũ 4#11 ũ#ũ 2 #+ũ (22#ē
##-!4#-31.ũ &ŋ )& !#)ŋ ŋ )! )-ŋ ŋ& ŋ*,)0#( # ąŋ / ŋ &ŋ&/! ,ŋ ŋ (Ě / (.,)ąŋ* , ŋ&)-ŋ !, - )-ŋ &ŋ#(-.#./.)ŋ. ()& !# )ŋ !,)Ě * / ,#)ŋ #' (ŋ ) ,v!/ 4ąŋ )(ŋ &ŋ').#0)ŋ ŋ, ), ,ŋ-/-ŋ 0#0 ( # -Ą
#!.1 !(¢-ũ
2ũ,#2 2ũ$4#1.-ũ"#!.1 " 2ũ!.-ũ '#1,.2.2ũ 11#%+.2ũĄũ.1 +#2ũ!.,.ũ / 13#ũ"#+ũ#5#-3.ē
, 1ũ ~,.-ũ8ũ .' -- ũũ ! ē
(;-ũ 4(9Ĕũ "6(-ũ #¢-ũ8ũ 1 -!(2!.ũ 19¢-ēũũ
ũ ũ
( 1(.ũ ũ .1 ũ1#!( (¢ũ 8#1ũ+ ũ5(2(3 ũ"#ũ 4(*.Ĕũ04(#-ũ2#ũ/1#ı 2#-3 1;ũ"41 -3#ũ31#2ũ"~ 2ũ#-ũ#+ũ (% -3#2!.ũ (1!.ũ"#ũ 4(*.Ĕũ+ 2ũ $4-!(.-#2ũ2#1;-ũ, - Ĕũ#+ũ2; ".ũ8ũ#+ũ".,(-%.ũ 8#1ũ1#!.11(¢ũ "($#1#-3#2ũ+4% 1#2ũ#-ũ".-"#ũăũ1,¢ũ 43¢%1 $.2ũ8ũ2#ũ3.,¢ũ$.3.2ũ !.-ũ242ũ$ -2ē 23#ũ/#12.- )#ũ1#!.11#ũ#+ũ,4-".ũ!.-ũ4-ũ,#-2 )#Ĕũ#+ũ!4(" ".ũ "#+ũ/+ -#3 ũ/ 1 ũ% 1 -3(9 1ũ+ ũ5(" ũ8ũ+ ũ +#%1~ ũ"#ũ+.2ũĥ!' 5.2Ħē ũ 81.-ũ (!#".ũ8ũ #15.ũ + ;-ēũ
-4#+ũ -"1 "#ũ8ũ --8ũ 1, 2ē
ƒ Ä
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?Ä€Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ?
'* #,6(Ĺ‹+/ Ĺ‹ ( )-Ĺ‹&) & -ŋŋ )'*, (Ĺ‹ ,. , Ĺ‹ (Ĺ‹ -* ˜ ;b fh[i_Z[dj[ HW\W[b 9ehh[W WdkdY_ÂŒ Wo[h WYY_ed[i fWhW _c# f[Z_h gk[ XWdYei [YkWjeh_Wdei fk[ZWd YecfhWh YWhj[hW ^_fej[# YWh_W [d ;ifW‹W" ZedZ[ ckY^ei YecfWjh_ejWi W\hedjWd fheXb[# cWi Yed bei YhƒZ_jei fWhW iki l_l_[dZWi$ 7Zl_hj_ÂŒ gk[ de i[ f[hc_j_h| jWb i_jkWY_ÂŒd o WdkdY_ÂŒ gk[ bW ÆfhÂŒn_cW i[cWdW [d @kdjW 8Wd# YWh_W i[ jecWh| bW h[iebkY_ÂŒd Z[
gk[ d_d]‘d XWdYe [YkWjeh_Wde fk[Z[ YecfhWh YWhj[hW ^_fej[# YWh_W [d ;ifW‹WÇ$ Kd d‘c[he de Z[j[hc_dWZe Z[ [YkWjeh_Wdei W\hedjW Wb cec[dje fheXb[cWi [d ;ifW‹W W YWkiW Z[ bWi ^_fej[YWi" Z[ bWi Wc[dWpWi Z[ Z[iW^kY_e" o Wb]kdei ^WX‡Wd [nfh[iWZe [b j[ceh Z[ gk[ Wb]‘d XWdYe [YkWjeh_Wde Yecfh[ YWhj[hW [d [b fW‡i [khef[e o jhWj[ Z[ [`[Yk# jWh bei YeXhei [d ;YkWZeh$
ēŊ 2ĹŠ% 2.+(- 2ĹŠ#731 ĹŠ8ĹŠ2ĂŒ/#1ĹŠ3#-"1;-ĹŠ, 8.1ĹŠ.!3 - )#Ä“
- Ĺ‹")3Ä…Ĺ‹! -)&#( Ĺ‹' $),Ĺ‹ &# :[iZ[ ^eo i[ [cf[pWh| W Ye# c[hY_Wb_pWhi[ W d_l[b dWY_edWb bW ]Wieb_dW [njhW Z[ .- eYjWdei Wdj[i [hW Z[ .' o bW i‘f[h Z[ /( eYjWdei Wdj[i [hW Z[ /& " W bei c_icei fh[Y_ei feh ]WbÂŒd$ ;b WdkdY_e be ^_pe Wo[h" [b fh[i_Z[dj[ HW\W[b 9ehh[W" [d ik [dbWY[ iWXWj_de jhWdic_j_Ze Z[i# Z[ Beh[je Eh[bbWdW " o Z_`e gk[ bW _dj[dY_ÂŒd [i bW fhej[YY_ÂŒd Z[b c[Z_e WcX_[dj[$ ;d bWi [ijWY_e# d[i Z[ i[hl_Y_e Z[ F[jheYec[h# Y_Wb bW ]Wieb_dW [njhW i[ [nf[dZ[ Wb f‘Xb_Ye [d '"*+ [b ]WbÂŒd" o bW i‘f[h [d ("&&" c_[djhWi gk[ [d bWi ikhj_ZehWi fh_lWZWi [b fh[Y_e feh ]WbÂŒd ikf[hW [ijei lWbeh[i$ BWi ]Wieb_dWi Wdj[i c[dY_edW# ZWi Yedj[dZh|d c[deh YWdj_ZWZ Z[ Wpk\h[" be YkWb WokZWh| W Z_ic_# dk_h bW YedjWc_dWY_ÂŒd Z[b c[Z_e WcX_[dj[$ Bei fh[Y_ei de lWh_Wh|d Yed [b c[`ehWc_[dje Z[b eYjWdW`[$ ;b _cfk[ije W bW iWb_ZW Z[ Z_l_iWi eh_]_dÂŒ bei h[Ykhiei [YedÂŒc_Yei gk[ i[ Z[ij_dWhed fWhW c[`ehWh bW YWb_ZWZ Z[ bei YecXkij_Xb[i$
][h[dj[ Z[ F[jhe[YkWZeh" [n# fb_YÂŒ gk[ Æ[b eYjWdW`[ WokZW W gk[ [b l[^‡Ykbe j[d]W kd c[`eh Z[i[cf[‹e c[Y|d_Ye" [i Z[Y_h" [ijW [i kdW c[Z_ZW Z[ bW fej[d# Y_W gk[ ikc_d_ijhW kdW ]Wieb_# dW W cejehÇ$ ;b eYjWdW`[ e d‘c[he Z[ eYjW# dei _dZ_YW bW YWb_ZWZ o YWfWY_ZWZ Wdj_Z[jedWdj[ Z[ bWi ]Wieb_dWi" fWhW [l_jWh bWi Z[jedWY_ed[i o [nfbei_ed[i [d bWi c|gk_dWi Z[ YecXkij_ÂŒd _dj[hdW$ ;d h[ikc[d" ^WXh| kdW c[# `eh YWb_ZWZ [d [b fheZkYje" [d [b h[dZ_c_[dje Z[ bei l[^‡Ykbei o jWcX_ƒd [d bW h[ZkYY_ÂŒd Z[ bei d_l[b[i Z[ YedjWc_dWY_ÂŒd$ .-ĹŠ#+ĹŠ31 -2/.13#
;b @[\[ Z[ ;ijWZe jWcX_ƒd Z_e W YedeY[h gk[ W fWhj_h Z[ i[fj_[cXh[" bWi kd_ZWZ[i Z[ jhWdifehj[ f‘Xb_Ye YedjWh|d Yed kd a_j Z[ i[]kh_ZWZ1 l_# Z[ei" XejÂŒd Z[ f|d_Ye o =FI" o ^WijW [d[he Z[ (&'*" bei jWn_i jWcX_ƒd YedjWh|d Yed [ij[ i_i# j[cW Z[ i[]kh_ZWZ _dj[]hWZe Wb /''$ BW _dl[hi_ÂŒd [i Z[ '&, +ĹŠ.!3 - )# Feh ik fWhj[" CWhYe 9Wblef_‹W" c_bbed[i$
ēŊ Ŋ, 8.1Ŋ/ 13#Ŋ"#Ŋ,#1! "#1~ Ŋ"#!.,(2 " Ŋ/.1Ŋ "4 - 2Ŋ!.11#2/.-"#Ŋ Ŋ#234/#$ !(#-3#2ŊēŊ -Ŋ+ Ŋ(, %#-Ŋ 31(/4+ -3#2Ŋ"#Ŋ4-Ŋ 1!.Ŋ04#Ŋ! 1% Ŋ4- Ŋ3.-#+ " Ŋ"#Ŋ"1.% ĔŊ!#1! ŊŊ Ŋ 4#13.Ŋ .+~5 1ē
,)! ŋ -), ŋ'6-ŋ &ŋĂúĿŋ ŋ& -ŋ *./, -ŋ / ( , -ŋ
ĹŠ1#3#-!(¢-ĹŠ"#ĹŠ2423 -!( 2ĹŠ#234/#$ Äą !(#-3#2ĹŠ8ĹŠ/2(!.31¢/(! 2ĹŠ' ĹŠ3#-(".ĹŠ4-ĹŠ -.3 +#ĹŠ(-!1#,#-3.ĹŠ#-ĹŠ#23#ĹŠ  .Ä“ BW fWhj_Y_fWY_ÂŒd Z[ bW Zhe]W #1! "#1~ ĹŠ8ĹŠ"(-#1. Z[djhe Z[ bWi _dYWkjWY_ed[i @eiƒ <hWdY_iYe HeZh‡]k[p" ikX# h[Wb_pWZWi [d bei Yedjheb[i Z_h[Yjeh Z[ ef[hWY_ed[i Z[ bW WZkWd[hei Yh[Y_ÂŒ '+$+, [d I[dW[" [nfb_YÂŒ gk[ bW h[ZkYY_ÂŒd Z[b d‘c[he Z[ h[j[dY_e# [b ‘bj_ce W‹e$ ;d (&'& h[fh[i[d# d[i [d h[bWY_ÂŒd W (&'& de d[Y[iWh_Wc[dj[ i_]# jÂŒ [b -'"+, Z[b jejWb Z[b cedje _dYWkjWZe d_Ă’YW gk[ i[ h[Zk`e [b ĹŠ ĹŠ o [d (&'' YedY[djhÂŒ "4 -#1.2ĹŠ#7(2Äą YedjhWXWdZe$ 3#-ĹŠ#-ĹŠ#+ĹŠ/ ~2 [b .("- $ ;d be gk[ lW BW i_jkWY_ÂŒd [i gk[ Z[b W‹e ^WijW [b (( Z[ bWi Y_\hWi Æied kd Yed# cWhpe " i[ ^Wd h[j[d_Ze ieb_ZWZe [djh[ Zhe]W o Wbh[Z[Zeh Z[ (&& c_bbed[i Z[ Z[c|i c[hYWdY‡Wi o [b lWbeh [d ZÂŒbWh[i [d ikijWdY_Wi Z[ [ij[ ZÂŒbWh[i [i c|i Wbje f[i[ W gk[ j_fe$ Z_ic_dkoÂŒ [d d‘c[he Z[ h[# j[dY_ed[i fehgk[ [ij| h[bWY_e# ($1 2ĹŠ04#ĹŠ 2., 1 dWZe W kdW _cfehjWdj[ _dYWkjWY_ÂŒd Z[ Zhe]W$ :[ WYk[hZe Yed bei ZW# ĹŠ Feh [`[cfbe" [d (&&/ jei Z[b I[hl_Y_e DWY_edWb Z[ 7ZkWdW Z[b ;YkWZeh \k[hed *' c_bbed[i Z[ ZÂŒbWh[i" ,) c_bbed[i [d I[dW[ [d (&'& i[ h[Wb_# 2ĹŠ1#3#-!(.-#2ĹŠ 1# +(9 " 2ĹŠ5~ ĹŠ (&'& o [d (&'' kdei .+ pWhed '$*(+ h[j[dY_ed[i 3#11#231#ĹŠ2.-ĹŠ#+ĹŠ c_bbed[iÇ$ YWiei Z[j[YjWZei feh ,.-3.ĹŠ,;2ĹŠ +3.ēŊ .1ĹŠ#)#,/+.ĔŊ#-ĹŠ Bei ZWjei h[l[bWd gk[ kd cedje Z[ Wbh[Z[Zeh Ä‰Ä‡ÄˆÄˆĹŠ1#/1#2#-3 Äą 1.-ĹŠ,;2ĹŠ"#ĹŠÄˆÄ‡ÄˆÄ”Ä‘ĹŠ [djh[ (&&/ o (&'' bWi Z[ .. c_bbed[i Z[ ZÂŒbW# ,(++.-#2ĹŠ"#ĹŠ _dYWkjWY_ed[i Z[ Zhe]W" h[i$ :[ [iW Y_\hW" ,) c_# "¢+ 1#2ĹŠ"#+ĹŠ3.3 +ĹŠĹŠ (-! 43 ".ēŊ bbed[i Z[ ZÂŒbWh[i Yehh[i# (#-31 2ĹŠ04#ĹŠ5~ ĹŠ [d cedje" Yh[Y_[hed [d '&-") $ I[]‘d HeZh‡# fedZ_[hed W c[hYWZ[h‡W , 1~3(, ĹŠ$4#1.-ĹŠ ĉĔĉŊ,(++.-#2ĹŠ"#ĹŠ h[bWY_edWZW W ikijWdY_Wi "¢+ 1#2ēŊ ]k[p" [ije WZ[c|i j_[d[ [ijkf[\WY_[dj[i o fi_# gk[ l[h Yed gk[ [ij[ j_fe Z[ c[hYWZ[h‡W [i cko YejhÂŒf_YWi$ ;d (&''" i_d [cXWh]e" i[ h[]_ijhWhed c[dei leb|j_b$ h[j[dY_ed[i [d d‘c[he '$&&, f[he [d cedje h[fh[i[djWhed 42 2 c|i Z[ '&(", c_bbed[i Z[ ZÂŒbW# 9Wheb 9^[^Wl" jƒYd_YW Z[b EX# h[i" Z[ bei YkWb[i .+ c_bbed[i \k[ i[hlWjeh_e Z[ 9ec[hY_e ;nj[# Zhe]W$ h_eh" [nfb_YÂŒ gk[ bW Zhe]W j_[d[
Ĉć
31 2ĹŠ (-! 43 !(.-#2 ĹŠ .2ĹŠ3#73(+#2ĹŠ2.-ĹŠ+.2ĹŠ/1."4!3.2ĹŠ#-ĹŠ Ĺ—.1"#-ĹŠ"#ĹŠ(,/.13 -!( ĹŠ"#2/4_2ĹŠ"#ĹŠ
+ ĹŠ"1.% ēŊ -ĹŠÄ‰Ä‡ÄˆÄˆĹŠ1#/1#2#-3 1.-ĹŠ +1#"#".1ĹŠ"#ĹŠ đĔĊĎŊ,(++.-#2ĹŠ"#ĹŠ"¢+ 1#2ĹŠ"#+ĹŠ3.3 +ĹŠ"#ĹŠ + ĹŠ,#1! -!~ ĹŠ(-! 43 " ĹŠ/.1ĹŠ+ ĹŠ #- #ēŊ +ĹŠ! +9 ".ĹŠ3 , (_-ĹŠ.!4/¢Ŋ4-ĹŠ,.-3.ĹŠ (,/.13 -3#Ä–ĹŠÄˆÄ”ÄŠĹŠ,(++.-#2ĹŠ"#ĹŠ"¢+ 1#2Ä“ +ĹŠ1#2/#!3.ĔŊ 1.+ĹŠ '#' 5ĹŠ2# +¢Ŋ 04#ĹŠÄĄ+.2ĹŠ3#73(+#2ĹŠ3 , (_-ĹŠ 42! -ĹŠ (-%1#2 1ĹŠ(+#% +,#-3#ĹŠ/.104#ĹŠ+.2ĹŠ 1 -!#+#2ĹŠ#-ĹŠ#+ĹŠ/ ~2ĹŠ2.-ĹŠ +3.2ĔŊ' 8ĹŠ4-ĹŠ 1 -!#+ĹŠ,(73.ĢēŊ .1ĹŠ.31.ĹŠ+ ".ĔŊĥ+ ĹŠ, 8.1ĹŠ/ 13#ĹŠ"#ĹŠ /1#-" 2ĹŠ/1.5(#-#ĹŠ"#ĹŠ 2( ĔŊ8ĹŠ ĹŠ!.23.2ĹŠ ,;2ĹŠ ).2ĹŠ04#ĹŠ#-ĹŠ#+ĹŠ/ ~2ĔŊ/.104#ĹŠ ĹŠ ++;ĹŠ + ĹŠ, -.ĹŠ"#ĹŠ. 1 ĹŠ#2ĹŠ,;2ĹŠ 1 3 ĹŠ8ĹŠ+ ĹŠ ! / !(" "ĹŠ"#ĹŠ/1."4!!(¢-ĹŠ#2ĹŠ,48ĹŠ +3 ĢēŊ
kdW _cfehjWdj[ fWhj_Y_fWY_ÂŒd [d [b YedjhWXWdZe fehgk[ Æi[ jhWjW Z[ kd fheZkYje gk[ j_[d[ kd Wbje lWbeh [d [b c[hYWZe o fehgk[ WZ[# c|i de ^Wo gk[ ebl_ZWh gk[ jWc# X_ƒd [b ;YkWZeh [i Yedi_Z[hWZe kd fW‡i Z[ jh|di_je Z[ bW Zhe]WÇ$ Feh ejhe bWZe" HeZh‡]k[p i[# ‹WbÂŒ gk[ bW h[ZkYY_ÂŒd Z[b d‘# c[he Z[ h[j[dY_ed[i h[l[bW gk[ Æ^Wo kdW c[`ehW [d bW \ehcWb_pW# Y_ÂŒd Z[b Yec[hY_e1 feh [`[cfbe" [d (&&/ deiejhei de j[d‡Wcei h[]_ijhWZW d_d]kdW _cfehjWY_ÂŒd Z[ Y[XebbWi feh >kWgk_bbWi" ^eo [d Z‡W ^Wo Y[hYW Z[ Zei jed[bW# ZWi Z[b fheZkYje gk[ _d]h[iWd Z[ cWd[hW \ehcWb" [iWi Y[XebbWi Wdj[i de [hWd h[]_ijhWZWiÇ$
Ä€Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
Ä‚
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?Ä€Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ?
+ĹŠ/1."4!3.ĹŠ%.9 ĹŠ "#ĹŠ 4#- ĹŠ2 +4"ĔŊ /#1.ĹŠ' 8ĹŠĹŠ/1#.!4Äą / !(¢-ĹŠ/.1ĹŠ/_1Äą "(" 2ĹŠ ĹŠ! 42 ĹŠ"#+ĹŠ (-5(#1-.ēŊ -ĹŠÄ‰Ä‡ÄˆÄˆĹŠ 2#ĹŠ#7/.13 1.-ĹŠ ĉććēćććŊ3.-#Äą + " 2ĹŠ,_31(! 2ĔŊ 24/#1 -".ĹŠ+.2ĹŠ ĎććŊ,(++.-#2ĹŠ"#ĹŠ "¢+ 1#2Ä“
B
Ä? Ĺ‹
Ĺ‹ Ĺ‹ Ĺ‹ ÄŽĹ‹
Wi [nfehjWY_ed[i Z[ YWYWe [d ]hWde Yh[Y_[hed [d )($))& ĹŠ(,/.13 -!( ĹŠ"#ĹŠ+ ĹŠ! +(" " jed[bWZWi [d bei ‘bj_cei jh[i W‹ei" Wb fWiWh Z[ ')&$-)- FWjh_Y_e 7bc[_ZW" Z_h[Yjeh Z[ IWd_ZWZ L[][jWb Z[ bW 7][dY_W ;YkW# jed[bWZWi [d (&&/ W ',)$&,- jed[bWZWi [d (&''$ ;ije jeh_WdW Z[ 7i[]khWc_[dje Z[ bW 9Wb_ZWZ Z[b 7]he 7]heYWb_ZWZ " i[# [gk_lWb[ W kd _dYh[c[dje Y[hYWde Wb (+ [d lebkc[d$ ‹WbW gk[ [ijW [dj_ZWZ [i bW [dYWh]WZW Z[ bW [djh[]W Z[ Y[hj_Ă’YWZei Z[ ;d jƒhc_dei ced[jWh_ei" [d YWcX_e" [b Yh[Y_c_[dje bb[]W [nfehjWY_ÂŒd$ 7bc[_ZW [nfb_YW gk[ c|i Wbb| Z[b Yh[Y_c_[dje [d bWi [nfehjWY_e# Wb +& " fWiWhed Z[ )*(", c_bbed[i Z[ ZÂŒbWh[i W +(+"( c_# bbed[i Z[ ZÂŒbWh[i" [i Z[Y_h" i_]d_Ă’YWhed '.(",- c_bbed[i d[i" jWcX_ƒd [i _cfehjWdj[ h[YWbYWh gk[ [d [b (&''" ^WijW bW \[Y^W" [b fW‡i de ^W h[Y_X_Ze dej_Ă’YWY_ed[i d_ i[ ^Wd h[Y^WpWZe [cXWhgk[i Z[ ZÂŒbWh[i c|i$ FWhW [ij[ W‹e" [b i[Yjeh j[d‡W bW _dj[di_ÂŒd Z[ _dYh[c[djWh bWi Y_\hWi feh fheXb[cWi Z[ YWb_ZWZ$ I[]‘d _dZ_YÂŒ =kijWle =WhY‡W" YeehZ_dWZeh Z[ YWYWe Z[djhe Z[ Z[ l[djW" f[he bW [ijWY_ÂŒd Z[ _dl_[hde [ij| YWkiWdZe ZW‹ei [d bei Ykbj_lei Z[ bWi fhel_dY_Wi Z[ =kWoWi" Bei H‡ei o ;b Ehe$ Ejhe \WYjeh IWd_ZWZ L[][jWb" [djh[ [b (&&. o (&&/" feh [`[cfbe" i[ h[Y^WpWhed gk[ _dY_Z_h| [d bW Yec[hY_Wb_pWY_ÂŒd Z[b fheZkYje" i[h| bW XW`W Z[ bei *. [cXWhgk[i feh ceb[ij_Wi Z[ c[pYbW Z[ lWh_[ZWZ[i$ :[ ^[Y^e" feh [ij[ j_fe Z[ fheXb[cWi [i gk[ bW Eh]Wd_pWY_ÂŒd ?dj[hdWY_edWb fh[Y_ei [d bei c[hYWZei Z[ bW Kd_ÂŒd ;khef[W$ ;d be gk[ lW Z[b W‹e" kd jejWb Z[ ') c_b jed[bWZWi cƒjh_YWi ^Wd Z[ 9WYWe b[ _cfkie kd YWij_]e W bW YWb_ZWZ Z[b YWYWe [YkWjeh_Wde Z[ (+ $ Æ;ije i_]d_Ă’YW gk[ iebe [b -+ Z[ bWi [nfehjWY_ed[i Z[ YWYWe i_Ze l[dZ_ZWi W ;ijWZei Kd_Zei o bW Kd_ÂŒd ;khef[W K; $ :[ bWi jed[bWZWi YedjWX_b_pWZWi" '& c_b i[ gk[ZWd [d [b fW‡i fWhW dWY_edWb [i '&& Z[ YWb_ZWZ" [b h[ije deÇ" Z_Y[$ @kijWc[dj[ Z[X_Ze W [ij[ Wdj[Y[Z[dj[" 7]heYWb_ZWZ" gk[ [b Yedikce _dj[hde W YWh]e Z[ _dZkijh_Wi Y^eYebWj[hWi o f[# jecÂŒ bW XWjkjW Z[ bei Y[hj_Ă’YWZei Z[ [nfehjWY_ÂŒd [d i[fj_[c# gk[‹ei Whj[iWdei fheZkYjeh[i Z[ bei Z[h_lWZei$ BW 7ieY_WY_ÂŒd DWY_edWb Z[ ;nfehjWZeh[i Z[ 9WYWe 7d[# #ĹŠ Xh[ Z[ (&'&" gk_[h[ h[Ykf[hWh [b '&& Z[ bW YWb_ZWZ$ 7dj[i [ijWXW W YWh]e 7d[YWYWe" eh]Wd_pWY_ÂŒd ]h[c_Wb$ F[he W^ehW YWYWe " ZW Yk[djW gk[ [b fheZkYje ]epW Z[ Xk[dW iWbkZ" i_d [cXWh]e" i_[dj[ fh[eYkfWY_ÂŒd feh bW fƒhZ_ZW Z[ Ykbj_lei [d ĉēĎććŊ 7]heYWb_ZWZ _cfkie dk[lWi [n_][dY_Wi fWhW eXj[d[h bWi Y[h# bWi pedWi Z[ fheZkYY_ÂŒd W Yedi[Yk[dY_W Z[ bWi _dkdZWY_ed[i$ ŊĊēćććŊ j_Ă’YWY_ed[i$ :[iZ[ [b W‹e fWiWZe" feh [`[cfbe" i[ _cfkie bW eXj[dY_ÂŒd Z[ h[]_ijhei W fbWdj[b[i" l_l[hei" XeZ[]Wi o Y[djhei ÆI_ bWi bbkl_Wi Yedj_d‘Wd ^WijW WXh_b" bW fheZkYY_ÂŒd i[ l[h| ÂĄ W\[YjWZW [ij[ W‹e o de i[ feZh| cWdj[d[h bWi Y_\hWi hƒYehZi 2#ĹŠ' ĹŠ, -3#-(".ĹŠ #+ĹŠ/1#!(.ĹŠ/1.,#Äą Z[ WYef_e YWYWej[hei$ =WhY‡W [nfb_YW gk[ bei h[]_ijhei ]WhWdj_pWd gk[ [ijei [ijWXb[Y_# Z[b W‹e fWiWZeÇ" i[‹WbW NWl_[h ;b_pWbZ[" Z_h[Yjeh [`[Ykj_le Z[b "(.ĹŠ"#ĹŠ+ ĹŠ3.-#+ Äą " ĹŠ"#ĹŠ! ! .ĹŠ#-ĹŠ#+ĹŠ c_[djei YkcfbWd YedZ_Y_ed[i X|i_YWi Ă’jeiWd_jWh_Wi$ ;djh[ [b (&'' o ]h[c_e YWYWej[he Z[b fW‡i$ ,#1! ".ĹŠ(-3#1Äą - !(.- +ēŊ be gk[ lW Z[b (&'( [d jejWb i[ ^Wd h[]_ijhWZe0 )(. l_l[hei" ** XeZ[]Wi :[ ik fWhj[" H_Y^WhZ ;Y^[l[hh‡W" fheZkYjeh Z[ =kWoWi" o ') Y[djhei Z[ WYef_e i[]‘d ZWjei Z[ IWd_ZWZ L[][jWb$ c_[djhWi [if[hWXW i[h Wj[dZ_Ze [d [b CW]Wf" ieijkle gk[ [d ;ijWi [n_][dY_Wi [ijWXWd fh[l_ijWi [d bW B[o Z[ IWd_ZWZ L[][jWb Z[iZ[ ik i[Yjeh Wb]kdWi ^[Yj|h[Wi Z[ Ykbj_le [ij|d W Xk[d h[YWkZe fehgk[ '/-(" i_d [cXWh]e" Æde i[ Ykcfb‡Wd fb[dWc[dj[ fehgk[ ^WX‡W bW Z_ifei_# bWi W]kWi de ^Wd bb[]WZe W bWi pedWi WbjWi$ JWcX_ƒd Z_Y[ gk[ bei Ykbj_lei Z[ i[Yjeh[i XW`ei i[ fk[Z[d X[d[Ă’# Y_ÂŒd f[he de [b c[YWd_iceÇ" [nfb_YW =WhY‡W$ :[ W^‡ gk[ [b h[je Z[ 7]heYWb_# ZWZ [i gk[ jeZei bei fkdjei Z[ bW YWZ[dW Z[ fheZkYY_ÂŒd YWYWej[hW YkcfbWd Y_Wh e ZW‹Wh Yece [\[Yje Z[b W]kW$ ;Y^[l[hh‡W l[dZ[ ik fheZkYY_ÂŒd W bei _dZkijh_Wb[i Y^eYebWj[hei Yed bei h[]_ijhei" feh be gk[ j_[d[d Yece h[je YkXh_h [b /& $ 7Z[c|i Z[ [ijWi h[]bWi i[ _cfb[c[djWhed [n|c[d[i Z[ Yedjheb Z[ dWY_edWb[i" gk_[d[i b[ fW]Wd kd fh[Y_e gk[ Yedi_Z[hW W l[Y[i `kije o h[i_Zkei" c[Z_Wdj[ bei YkWb[i i[ l[h_Ă’YW bei d_l[b[i Z[ gk‡c_Yei h[i_# ejhWi l[Y[i _d`kije$ ;b gk_djWb [ij| feh bei )& o *& ZÂŒbWh[i$ F[i[ W bei fheXb[cWi" [b i[Yjeh i[ i_[dj[ iWj_i\[Y^e fehgk[ [b W‹e ZkWb[i gk[ gk[ZW [d [b ]hWde fWhW [nfehjWh$ Feh [b cec[dje" Æ[ijWcei fWiWZe i[ h[]_ijhÂŒ kdW Y_\hW Z[ fheZkYY_ÂŒd _cfehjWdj[ gk[ f[hc_j[ Wfb_YWdZe [ije Z[ cWd[hW Wb[Wjeh_W" fehgk[ [i cko Yecfb_YWZe ieb_Y_jWh l[dZ[h c|i W bei c[hYWZei _dj[hdWY_edWb[i$ 7‹ei Wdj[h_eh[i" bW fhe# [ijWi fhk[XWi W jeZWi bWi [cXWhYWY_ed[iÇ" WdejW =WhY‡W$ ZkYY_ÂŒd [nfehjWXb[ i[ Ă’`ÂŒ [d .& o '&& c_b jed[bWZWi cƒjh_YWi feh W‹e$ 7kdgk[ bWi Y_\hWi ied Wb[djWZehWi" fWhW bei fheZkYjeh[i h_ei[d# +ĹŠ/1#!(.ĔŊ4-ĹŠ/1. +#, i[i h[l_l_h bW ƒfeYW Z[ bei Ăˆ=hWd 9WYWeÉ [i kdW gk_c[hW" oW gk[ [ij[ FWhW [ij[ W‹e" [b i[Yjeh WfkdjW W gk[ bei fh[Y_ei lWh‡[d kd feYe$ Xeec gk[ i[ h[]_ijhÂŒ [djh[ bei W‹ei '-.& o '/)& [b[lÂŒ W '&&$&&& ^Wi Æ;b fh[Y_e i[ cWdjkle [d '$/&& o )$&&& ZÂŒbWh[i feh jed[bWZW cƒ# bW fheZkYY_ÂŒd W]h‡YebW o bWi YedZ_Y_ed[i WYjkWb[i de be f[hc_j[d ZW# jh_YW" W d_l[b _dj[hdWY_edWb" f[he W fWhj_h Z[ W]eije Z[b W‹e fWiWZe ZWi bWi [n_][dY_Wi Z[ YWb_ZWZ" bW \WbjW Z[ _dY[dj_lei o bei XW`ei fh[Y_ei Yec[dpÂŒ kd Z[iY[die Z[ bei fh[Y_ei Z[X_Ze W bW Yh_i_i [khef[WÇ" Z_`e NWl_[h ;b_pWbZ[" Z_h[Yjeh [`[Ykj_le Z[b ]h[c_e$ W d_l[b _dj[hdWY_edWb$
2,#1 +" 2
.2ĹŠ ~.2
#( -Ä…Ĺ‹' 3),Ĺ‹ *,) / .),
2*),. (ŋ )ŋð()
;d [b YWdjÂŒd L_Y[i i[ Ykbj_lWd kdWi +$&&& ^W Z[ YWYWe" be gk[ be Yedl_[hj[ [d [b cWoeh fheZkYjeh Z[ Bei H‡ei o kde Z[ bei c|i _cfehjWdj[i Z[b fW‡i$ 7YjkWbc[dj[ [b YWYWe gk[ i[ Ykbj_lW [b WcW# hh_bbe i[ XWiW [d [b cWd[`e feh Yei[Y^W" gk[ j_[# d[ kdW \[hc[djWY_ÂŒd [djh[ jh[i W YkWjhe Z‡Wi o i[ be fk[Z[ ^WY[h [d YW`ÂŒd" cedjÂŒd" [diWYWZe" fWhW bk[]e YebeYWhbe [d bei j[dZWb[i Z[ YW‹W feh Zei Z‡Wi o feij[h_ehc[dj[ i[ h[Wb_pW [b i[YWZe [d j[dZWb[i Z[ Y[c[dje e i[YWZehW$ 9ed [ij[ fheY[ie i[ be]hW kdW Xk[dW \[hc[d# jWY_ÂŒd o i[YWZe Z[ ÂŒfj_cW YWb_ZWZ" Ykoe fehY[d# jW`[ Z[X[ eiY_bWh [djh[ - W . Z[ YWb_ZWZ$ ;ij[ fheZkYje _dj[hdWc[dj[ i[ be Yec[hY_Wb_# pW [d XWi[ W f[gk[‹ei o c[Z_Wdei fheZkYjeh[i" ZedZ[ Y[hYW Z[ +&&$&&& f[hiedWi [ij|d _dlebk# YhWZWi [d bW YWZ[dW Z[b YWYWe$ FWhW [b _d][d_[he W]hÂŒdece" =k_bb[hce 8epW 9[h[pe" gk_[d j_[d[ [nf[h_[dY_W W]h‡YebW o fei[[ kdW ^[Yj|h[W" [i fh_cehZ_Wb c[`ehWh [d jeZe" YW# fWY_jWdZe Wb YWcf[i_de [d YkWdZe W bW YWb_ZWZ Z[b fheZkYje" Wb Yec[hY_Wdj[ fWhW gk[ de c[pYb[ bW fheZkYY_ÂŒd o [d bW ckbj_fb_YWY_ÂŒd Z[ fbWdjWi fWhW c[`ehWh [b h[dZ_c_[dje fWhW be YkWb i[ h[gk_[h[ h[# [cfbWpWh bWi l_[`Wi feh dk[lWi fbWdjWi ;b fh[Y_e WYjkWb gk[ i[ fW]W feh [b gk_djWb '&& b_XhWi [i Z[ .& ZÂŒbWh[i o kd `ehdWb Z[ jhW# XW`e W kd W]h_Ykbjeh eiY_bW [djh[ bei '& ZÂŒbWh[i" i_]d_Ă’YWdZe kd _d]h[ie Wfhen_cWZe Z[ (&& ZÂŒ# bWh[i c[dikWb[i$ I[]‘d [b W]hÂŒdece" @kWd CehWb[i P|hWj[" de iebe [b YWYWe i[ be kj_b_pW fWhW l[dZ[hbe" i_de gk[
;b YWYWe [ic[hWbZ[‹e Z[iZ[ gk[ YhkpÂŒ \hedj[hWi Z[`ÂŒ kd iWXeh _cfWYjWdj[ [d [b fWbWZWh Z[ fe# j[dY_Wb[i Yedikc_Zeh[i Z[ c[h# YWZei [njhWd`[hei gk[ ^eo [d Z‡W ied bei gk[ c|i Z[cWdZWd Z[ bW \hW]Wdj[ f[fW$ :[iZ[ (&&. YkWdZe i[ ^_pe kd fh_c[h [cXWhgk[ Z[ (+ jed[bWZWi fWhW Ik_pW feh [b Fk[hje 9ec[hY_Wb Z[ ;ic[hWb# ZWi" bei W]h_Ykbjeh[i ^Wd [nf[# h_c[djWZe [nfehjWY_ed[i Z[ ') jed[bWZWi fhec[Z_e YWZW i[_i c[i[i$ ;b gk[ i[ Ykbj_lW [d bWi ^W# Y_[dZWi [i [b YWYWe Ă’de Z[ Whe# cW Yei[Y^WZe fh_dY_fWbc[dj[ [d bei YWdjed[i Gk_d_dZƒ" H_e# l[hZ[ o IWd Beh[dpe" bWi Zei ‘bj_cWi f[hj[d[Y_[dj[i Wb dehj[ Z[ bW fhel_dY_W$ BW 7ieY_WY_ÂŒd Z[ FheZkYje# h[i Z[ 9WYWe Z[ bW PedW Dehj[ Z[ ;ic[hWbZWi 7fheYWd[ i_[cXhW [b YWYWe Z[b j_fe dWY_e# dWb" Wkdgk[ jWcX_ƒd be ^WY[d Yed bWi lWh_[ZWZ[i ;JJ#'&)" gk[ \k[ fhefehY_edWZW feh [b ?dij_jkje DWY_edWb Z[ ?dl[ij_# ]WY_ed[i 7]hef[YkWh_Wi ?d_Wf o XW`e [b Wi[iehWc_[dje Z[b <_# Z[_Yec_ie ;YkWjeh_Wde fWhW [b
! .ĹŠ#-ĹŠ%1 -.Ŋĸ(-!+48#ĹŠÄƒ-.ĹŠ"#ĹŠ 1., ĹŠ8ĹŠ+ ĹŠ5 1(#" "ĹŠ ÄąÄŽÄˆÄš
ĉććĒŊ Ä‰Ä‡ÄˆÄ‡ĹŠĹŠĹŠ Ä‰Ä‡ÄˆÄˆĹŠ
ĈĊćēÄ?ÄŠÄ?ĹŠ ĈĈđēÄ?ÄŠÄ?ĹŠ ĈÄ?ĊēćÄ?Ä?ĹŠ
ēŊ -ĹŠ2(3(.2ĹŠ#231 3_%(!.2ĔŊ#7(23#-ĹŠ#,/1#2 Äą 1(.2ĹŠ04#ĹŠ2(#, 1 -ĹŠ4-ĹŠ! ! .ĹŠ,#).1 ".ĹŠ!.-ĹŠ +3.ĹŠ1#-Äą "(,(#-3.ĹŠ#-ĹŠ+ 2ĹŠÄˆÄ?ĹŠ/1.5(-!( 2ĹŠ"#+ĹŠ/ ~2
jWcX_ƒd i[ be Wfb_YW [d be gk[ i[ bbWcW bW _dZkijh_W Whj[iWdWb" Yed ik [ngk_i_j[p i[ [bWXehWd Z[h_lWZei Z[b YWYWe" Yece Y^eYebWj[i" XecXed[i" cWd_jei Z[ Y^eYebWj[" c_ij[bWi" l_dei" [jY$" gk[ ied [nf[dZ_# Zei [d YWiWi o Yec[hY_ei Yed kd WhecW Ă“ehWb cko Wf[j[Y_Zei feh fhef_ei o [njhW‹ei$
Ä€Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
ă
:[iWhhebbe o [b 8WdYe ?dj[hW# c[h_YWde Z[ :[iWhhebbe$ 9eef[hWY_ÂŒd ?dj[hdWY_edWb =JP WXh_ÂŒ [b YedjWYje Yed Ik_pW" ?jWb_W o ejhei fW‡i[i Z[ ;khefW W ZedZ[ bb[lWhed kdW ck[ijhW Z[b YWYWe [ic[hWbZ[‹e$ ;b fheZkYje Z[ bW pedW i[ YWhWYj[h_pW fehgk[ i[ i_[cXhW Yed WXede dWjkhWb" ikĂ’Y_[dj[ W]kW" _bkc_dWY_ÂŒd iebWh o ie# Xh[ jeZe j_[hhW \ƒhj_b fWhW kdW c[`eh fheZkYY_ÂŒd i[]‘d Ye# c[djÂŒ @eiƒ B[cei" fh[i_Z[dj[ Z[ 7fheYWd[$ :[iZ[ bW i[b[YY_ÂŒd Z[ bW i[# c_bbW ^WijW bW i_[cXhW Z[ bW fbWdjW" [b fheY[ie ZkhW kdei i[_i c[i[i" i[]‘d i[‹WbÂŒ HW# gk[b C_hWdZW" gk_[d jhWXW`W [d [b YbedWZe Z[ fbWdjWi Z[ YW# YWe [d [b Y[djhe Z[ WYef_e Z[ Gk_d_dZƒ" ZedZ[ jWcX_ƒd ^Wo kd l_l[he Z[b ?d_Wf$ Bei W]h_Ykbjeh[i Z[ IWd Beh[dpe" ;beo 7b\Whe" 7jWYW# c[i o Gk_d_dZƒ ^eo Yk[djWd Yed jh[i Y[djhei Z[ WYef_e [d bW fhel_dY_W$ BWi f[fWi Z[ YW# YWe bb[]Wd W bWi \[hc[djWZe# hWi" bk[]e fWiWd Wb i[YWZe o jWc_pWZe fWhW Ă’dWbc[dj[ i[h ]kWhZWZWi o [cXeZ[]WZWi [d iWYei Z[ okj[$
+ĹŠ 1.
7/.13 !(.-#2
 .2Ŋ .-#+ " 2Ŋ
ēŊ +ĹŠ/1#!(.ĹŠ !34 +ĹŠ04#ĹŠ2#ĹŠ/ % ĹŠ/.1ĹŠ#+ĹŠ04(-3 +ĹŠÄ¸ÄˆÄ‡Ä‡ĹŠ +( 1 2ĚŊ#2ĹŠ"#ŊđćŊ"¢+ 1#2ĹŠ8ĹŠ4-ĹŠ).1- +ĹŠ"#ĹŠ31 ).ĹŠ ĹŠ4-ĹŠ %1(Äą !4+3.1ĹŠ.2!(+ ĹŠ#-31#ĹŠ+.2ĹŠÄˆÄ‡ĹŠ"¢+ 1#2
-Ŋ"¢+ 1#2
ÄŠÄŒÄ‰ÄŚÄ?ĊĊēććć ÄŠÄŒÄ’ÄŚÄ’Ä‰Ä‡Ä“Ä‡Ä‡Ä‡ ĎĉĎČĉđćēććć
JWcX_ƒd _dZ_YW gk[ bei fh[# Y_ei i[ YedjhW[d" f[he gk[ [b Yedikce i_]k[ i_[dZe [b c_ice$ Æ;d bei WYjkWb[i c[i[i" Z[ [d[he ^WijW cWhpe" j[d[cei kd fh[Y_e Z[ ($)&& ZÂŒbWh[i feh jed[bWZW" [ije [d jƒhc_dei Z[ _d]h[ie lW W W\[YjWh fehgk[ [nfehjWcei [b c_ice lebkc[d Yed kd fh[Y_e XW`eÇ" i[‹WbW$ :[ W^‡ gk[ i[ XkiYW [ijWXb[Y[h Z_|be]ei Yed bei h[fh[i[djWdj[i Z[ bW ?9E fWhW jhWjWh Z[ bb[]Wh W WYk[hZei gk[ de f[hc_jW kdW XW`W Zh|ij_YW Z[ bei fh[Y_ei$ FWhW CWh_WdW EY^eW" Z[ bW 7ieY_WY_ÂŒd 9WYWej[hei Ăˆ;b Fhe]h[ieÉ" [b fh_dY_fWb fheXb[# cW fWhW bW fheZkYY_ÂŒd" [i bW \WbjW Z[ c[hYWZei ^WY_W ZÂŒdZ[ l[dZ[h" fk[i Z_Y[ gk[ bW cWoe# h‡W Z[ bei fheZkYjeh[i l[dZ[d W _dj[hc[Z_Wh_e o [b fh[Y_e [i _d[ijWXb[$ O [i gk[ W fh_dY_f_ei Z[ W‹e f[hY_X‡W ^WijW ')& ZÂŒbWh[i feh gk_djWb" f[he W^ehW [b fW]e de fWiW Z[ bei .& ZÂŒbWh[i" feh be gk[ [d [b CW]Wf oW i[ ^WXbW Z[ kdW Yh_i_i YWYWej[hW Z[djhe Z[b c[hYWZe _dj[hde" be YkWb i[ ZW feh bW feYW Z[cWdZW Z[djhe Z[b fW‡i" Z_`e @kWd Kh[‹W" jƒYd_Ye [d 9WYWe Z[b CW]Wf$
,) / #š(ŋ ŋ& ŋ $ ŋ
BW \WbjW Z[ _dl[hi_ÂŒd [d bWi fbWdjWY_ed[i fWhW ZWh kd Z[X_Ze h_[]e" j[Yd_Ă’YWY_ÂŒd" \k# c_]WY_ÂŒd o cWdj[d_c_[dje Z[ ik[be" [i be gk[ ^WY[ gk[ bW fheZkYY_ÂŒd Z[ YWYWe [ijƒ Z[YWo[dZe [d bW fhel_dY_W Z[ ;b Ehe" i[]‘d bW :_h[YY_ÂŒd fhel_dY_Wb 7]hef[YkWh_W$ ;b ‘bj_ce Y[die h[Wb_pWZe [d [b (&&' fWhW YedeY[h [b d‘c[he Z[ fbWdjWY_ed[i [n_ij[d# j[i [d [b fW‡i Whhe`ÂŒ h[ikbjWZei gk[ ied kdWi '.$&&& ^[Yj|h[Wi Z[ij_dWZWi W [ij[ j_fe Z[ fheZkYY_ÂŒd" f[he Z[ WYk[hZe W bei h[]_ijhei gk[ cWdj[d_[ [b C_d_ij[h_e Z[ 7]h_YkbjkhW" =WdWZ[h‡W" 7YkWYkbjkhW o F[iYW CW]Wf " bWi i_[cXhWi ^WXh‡Wd Wkc[djWZe W ('$&&&
-3.ĹŠ .,(-%.
' , -Ĺ‹ ĂťÄ Ä„ĂżĂ˝Ä‚Ĺ‹" .6, -Ĺ‹ BWi YedZ_Y_ed[i Yb_c|j_YWi gk[ ^Wo [d IWdje :ec_d]e ied \WlehWXb[i fWhW [b Ykbj_le Z[b YWYWe 99D+'" gk[ j_[d[ c|i WZWfjWX_b_ZWZ gk[ [b YWYWe Ă’de Z[ WhecW$ BW jƒYd_YW Z[b I_ij[cW Z[ ?d\ehcWY_ÂŒd DWY_edWb Z[ 7]h_YkbjkhW =WdWZ[h‡W 7YkW# YkbjkhW o F[iYW I_dW]Wf " BekhZ[i Eh# ZŒ‹[p" i[‹WbW gk[ W d_l[b beYWb i[ Ykbj_lW [b YWYWe 99D+' o [b YWYWe Ă’de o Z[ WhecW" f[he [d cWoeh[i YWdj_ZWZ[i [b fh_c[he$ ;nfb_YÂŒ gk[ [d jeZWi bWi pedWi Z[ bW fhe# l_dY_W i[ ZW [b YWYWe" f[he bei bk]Wh[i Yed c[`eh[i YedZ_Y_ed[i fWhW be]hWh kdW cWoeh fheZkYj_l_ZWZ ied bWi fWhhegk_Wi hkhWb[i
ēŊ 2 )#ĔŊ -3 Ŋ .2 Ŋ8Ŋ +Ŋ 4 .Ŋ2.-Ŋ+.2Ŋ 31#2Ŋ! -3.-#2Ŋ"#Ŋ, 8.1Ŋ/1."4!!(¢-Ŋ#-Ŋ +Ŋ 1.ē
ēŊ +Ŋ/#2.ĔŊ 1., Ŋ8Ŋ2 .1Ŋ#2Ŋ+.Ŋ04#Ŋ' !#Ŋ04#Ŋ +.2Ŋ/1."4!3.1#2Ŋ+#Ŋ /4#23#-Ŋ +Ŋ ! .Ŋ !(.- +ē
^W$ ^WijW [b (&''$ C_[djhWi gk[ 9b[_Z[h CedjW‹e" Z[ bW 7ieY_WY_ÂŒd Ăˆ;b Gk[cWZeÉ" Z[b YWdjÂŒd IWdjW HeiW" ieijkle gk[ f[i[ W gk[ bW fheZkYY_ÂŒd Z[ YWYWe [d bW lWh_[ZWZ 99D#+' 9eb[YY_ÂŒd
9Wijhe DWhWd`Wb " ^W Wkc[djWZe" i_d [cXWh# ]e [b c[hYWZe _dj[hdWY_edWb i_]k[ f_Z_[d# Ze [b 9WYWe DWY_edWb Z[dec_dWZe Ăˆ7hecW <_dWÉ" fh[Y_iWc[dj[ feh ik ebeh o iWXeh" [b YkWb Z[YWoÂŒ [d kd (+ [d bW i_[cXhW$
4+3(5.Ä–ĹŠ 31.2ĹŠ" 3.2 Ĺ—ĹŠ #ĹŠ#23(, ĹŠ04#ĹŠ -3.ĹŠ .,(-%.ĹŠ/1."4!#ĹŠÄ?Ä“Ä?ÄŠÄ’Ä“ÄŠÄˆĹŠ
3.-#+ " 2ĹŠ"#ĹŠ! ! .ĹŠ +ĹŠ  .Ä“ Ĺ—ĹŠ ĹŠ-(5#+ĹŠ+.! +ĹŠ2#ĹŠ%#-#1 ĹŠ4- ĹŠ/1."4!!(¢-ĹŠ"#ŊćēĎÄ?ĹŠ3.-#+ Äą " 2ĹŠ,_31(! 2ĹŠ/.1ĹŠ'#!3;1# Ä“
LWbb[ >[hceie" IWd @WY_dje Z[b 8‘W o Bkp Z[ 7cƒh_YW" o Yeckd_ZWZ[i Yece0 Dk[le ?i# hW[b" 9ebehWZei Z[b 8‘W o 7l_ifW 9^_bW$ ;b Z_h[Yjeh fhel_dY_Wb Z[b C_d_ij[h_e Z[ 7]h_# YkbjkhW" =WdWZ[h‡W" 7YkWYkbjkhW o F[iYW CW# ]Wf " EimWbZe ;if_deiW" _dZ_YW gk[ [ij|d jhW# XW`WdZe [d kd fheo[Yje Z[ h[WYj_lWY_ÂŒd Z[ YWYWe Yed [b Ă’d Z[ c[`ehWh bW YWb_ZWZ Z[ fheZkYY_ÂŒd o bWi YedZ_Y_ed[i fWhW bei W]h_Ykbjeh[i$ ;d IWdje :ec_d]e ^Wo i[cXhWZWi '-$+). ^[Yj|h[Wi Z[ YWYWe$ @WY_dje H_l[hW [i fheZkY# jeh Z[ bW pedW Z[ IWd @WY_dje Z[b 8‘W o i[‹WbW gk[ [d [ij[ i[Yjeh i_ i[ ZW [b YWYWe o feh [bbe Z[iZ[ ^WY[ jh[i W‹ei Wjh|i b[ ^W WfeijWZe W ÂĄ ēŊ +ĹŠ! ! .ĹŠ#2ĹŠ+ ĹŠ !3(5(" "ĹŠ2423#-3 +#ĹŠ "#ĹŠ %1(!4+3.1#2ĹŠ"#ĹŠ+ ĹŠ/ 13#ĹŠ141 +ĹŠ"#ĹŠ -3.ĹŠ .,(-%.Ä“ [ij[ Ykbj_le$
ƒ ą
Ĺ? Ä€Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
+3 ĹŠ/+ 3 Ä–ĹŠ ĹŠĹŠĹŠ +ĹŠ ĹŠ ĂŒ-ĹŠ#23;ĹŠ ĹŠ+ ĹŠ#2/#1 ĹŠ"#ĹŠ Ĺ—04#ĹŠ#+ĹŠ (-(23#1(.ĹŠ"#ĹŠ !.-.,~ ĹŠ+#ĹŠ
31 -2ă#1 ĹŠ+.2ĹŠÄ’ÄŽĹŠ,(++.-#2ĹŠ/ 1 ĹŠ+ ĹŠ .1% -(9 !(¢-ĹŠ"#ĹŠ+.2ĹŠ!.,(!(.2ĔŊ -3#2ĹŠ "#+ĹŠ/1¢7(,.ĹŠÄˆÄ‘ĹŠ"#ĹŠ.!34 1#ĹŠ!4 -".ĹŠ 2#ĹŠ1# +(9 1;ĹŠ+ ĹŠ!.-5.! 3.1( ĹŠ ĹŠ+ 2ĹŠ #+#!!(.-#2ēŊŊ +ĹŠ.1% -(2,.ĹŠ"# #ĹŠ#)#!43 1ĹŠ /1.8#!3.2ĹŠ!.,.ĹŠ! , (.2ĹŠ"#ĹŠ".Äą ,(!(+(.2ĔŊ"#/41 !(¢-ĹŠ"#+ĹŠ/ "1¢-ĹŠ #+#!3.1 +ĔŊ$1 -) 2ĹŠ/4 +(!(3 1( 2ĔŊ )4-3 2ĹŠ1#!#/3.1 2ĹŠ"#+ĹŠ5.3.ĔŊ)4-3 2ĹŠ (-3#1,#"( 2ĔŊ#3!Ä“
+#!!(.-#2ĹŠÄ‰Ä‡ÄˆÄŠ 2~ĹŠ5 -ĹŠ+ 2ĹŠÄƒ1, 2
13(".ĹŠ Ĺ—ĹŠ ĹŠ!4#-3 ĹŠ!.-ĹŠĹŠ Ĺ—ĹŠ ĹŠĹŠĹŠ Ĺ—ĹŠ ĹŠĹŠĹŠ Ĺ—ĹŠ .5(,(#-3.ĹŠ ĹŠĹŠĹŠ Ĺ—ĹŠ .5(,(#-3.ĹŠ ĹŠĹŠĹŠ Ĺ—ĹŠ !' *43(*ĹŠĹŠ
(1, 2 ĈÄ?Ä?ēĎĎĊŊ ĈÄ?ĎēŊĒÄ?ÄŒĹŠ ĈÄ?ĉēŊĊćđŊ ÄˆÄĽÄ“Ä‡ÄŒÄ?ēđćđ ĈÄ?ćēđĊČ ĈÄ?ćēććć
, -Ĺ‹ ,.# )-ŋŋ3 )0#'# (.)-Ĺ‹" #&#. )-Ĺ‹ * , Ĺ‹&)-Ĺ‹ )'# #) ĹŠĹŠ/1¢7(, ĹŠ2#, - ĹŠ! +(ă! 1;-ĹŠ +ĹŠ ĔŊ ĔŊ ĔŊ .-!#13 !(¢-ĹŠ8ĹŠ.31.2ĹŠ/ 1 ĹŠ+ 2ĹŠ #+#!!(.-#2ĹŠ"#ĹŠÄ‰Ä‡ÄˆÄŠÄ“ Jh[i fWhj_Zei o jh[i cel_c_[djei h_dWY_edWb FWY^Wakj_a XhWpe feb‡# feb‡j_Yei dWY_edWb[i Yecfb[jWhed j_Ye Z[ bW 9ed\[Z[hWY_ÂŒd Z[ DWY_e# [b fheY[ie b[]Wb Z[ h[_diYh_fY_ÂŒd dWb_ZWZ[i ?dZ‡][dWi 9edW_[ " jhWi [d [b 9edi[`e DWY_edWb ;b[YjehWb bW fh[i[djWY_ÂŒd Z[ c|i Z[ ',& c_b 9D; " be YkWb b[i f[hc_j_h| fWh# Ă’hcWi [d fhec[Z_e$ >WijW [b cec[dje" [b 9D; j_Y_fWh [d bWi [b[YY_ed[i ][d[hWb[i ^W lWb_ZWZe kd jejWb Z[ Z[ \[Xh[he Z[ (&')$ (É&++$+)' \_hcWi W d_l[b 7o[h" [d 9k[dYW" [b fb[# ĹŠ dWY_edWb$ 7bb‡ i[ _dYbk# de Z[b eh]Wd_ice #l‡W h[ie# bkY_ÂŒd# WfheXÂŒ bei _d\ehc[i o[d [b FWhj_Ze HebZei_ijW fh[i[djWZe feh bW Wi[ieh‡W #+ĹŠÄˆÄŽĹŠ"#ĹŠ, 8.ĹŠ ;YkWjeh_Wde FH; " [b Ce# +ĹŠÄˆÄŽĹŠ"#ĹŠ)4-(.ĔŊ `kh‡Z_YW o bW Z_h[YY_ÂŒd Z[ #23 1;-ĹŠ"(2/.-(Äą l_c_[dje FefkbWh :[ce# +#2ĹŠ+.2ĹŠ$.1,4+ Äą fWhj_Zei o h[iebl_ÂŒ YedY[# 1(.2ĹŠ"#ĹŠ(-2!1(/Äą Yh|j_Ye CF: o [b FWhj_Ze !(¢-ĹŠ"#ĹŠ! -"(" Äą IeY_[ZWZ FWjh_ÂŒj_YW FIF " Z[h bW f[hied[h‡W `kh‡Z_YW 341 2Ä“ Wb Cel_c_[dje Kd_ZWZ Fbk# [b Cel_c_[dje F7?I" FA o
ēŊ +ĹŠ .-2#).ĹŠ !(.- +ĹŠ +#!3.1 +ĹŠ3(#-#ĹŠ ĹŠ24ĹŠ! 1%.ĹŠ+ ĹŠ! +(ÄƒÄą ! !(¢-ĹŠ"#ĹŠ+ 2ĹŠÄƒ1, 2ĹŠ/1#2#-3 " 2ĹŠ/.1ĹŠ/ 13(".2ĹŠ8ĹŠ,.5(,(#-3.2ĹŠ/.+~3(!.2Ä“
[b Cel_c_[dje 9h[WdZe Efeh# jW W]eijeÇ" h[YehZÂŒ Fepe$ jkd_ZWZ[i 9H;E " Z[ 9ƒiWh ;b [nf[hje [b[YjehWb" 9Whbei Ced]k[$ 7]k_dW]W" Z_`e gk[ W c[Z_ZW gk[ fWiWd bei c[i[i o c|i W]hkfWY_ed[i i[ _diYh_X[d" [b #1(ă! !(.-#2 ;b Yedi[`[he Z[b 9D;" @kWd Ă’bjhe Z[ bWi Ă’hcWi i[ lk[bl[ FWXbe Fepe" WdkdY_ÂŒ gk[ [d c|i Yecfb[`e" fk[i kd Y_kZW# bWi fhÂŒn_cWi Zei i[cWdWi i[ ZWde de fk[Z[ f[hj[d[Y[h W fheY[Z[h| W YWb_Ă’YWh bWi Ă’hcWi Zei fWhj_Zei e cel_c_[djei$ Z[ bei FWhj_Zei IeY_Wb_ijW FI " FWhj_Ze IeY_Wb 9h_ij_Wde FI9 " ĹŠ1#(-2!1(/!(¢?pgk_[hZW :[ceYh|j_YW ?: " :[iZ[ (&&-" bWi W]hkfWY_ed[i bei cel_c_[djei 9edY[hjWY_ÂŒd" feb‡j_YWi [cf[pWhed W eh]Wd_# Z[ 9ƒiWh Cedj‘\Wh" ;gk_fe Z[ pWhi[ fWhW feZ[h h[_diYh_X_h W <WXh_Y_e 9ehh[W" o 7lWdpW Z[b iki cel_c_[djei o fWhj_Zei" Z_h[Yjeh Z[b ?dij_jkje ;YkW# Yece h[gk_i_je fWhW fWhj_Y_fWh jeh_Wde Z[ I[]kh_ZWZ IeY_Wb [d bei fhÂŒn_cei Yec_Y_ei$ ?;II " HWc_he =edp|b[p$ ;i# BW 9edij_jkY_ÂŒd i[‹W# jWi eh]Wd_pWY_ed[i gk[ XkiYWd bW gk[" kd W‹e Wdj[i Z[ bWi h[_diYh_X_hi[ Z[X[d YWfjWh [b[YY_ed[i" bei ik`[jei feb‡j_# dk[lWi WZ^[i_ed[i" [d [b .& Yei Z[X[d h[_diYh_X_hi[ [d [b Z[b [b[YjehWZe h[ijWdj[$ 9D;$ JeZWl‡W [ij| f[dZ_[dj[ ÆJeZWl‡W [ijWcei Z[djhe bW h[_diYh_fY_ÂŒd Z[b Cel_# Z[b fbWpe Z[ l[h_Ă’YWY_ÂŒd" fk[i c_[dje HkfjkhW Z[ bei (+" bei ik`[jei feb‡j_Yei Z[X[d Z[ bW [nWiWcXb[‡ijW Z[ F7?I" Ykcfb_h Yed [ij[ h[gk_i_je ^Wi# CWh‡W FWkbW Hece$
) # ,()Ĺ‹*, . ( Ĺ‹ #0# #,ŋŋ &Ĺ‹ -* #)Ĺ‹, #) &Z .,# )Ĺ‹ ;b Hƒ]_c[d fh[j[dZ[ Z_l_Z_h [b [ifWY_e hWZ_e[bƒYjh_Ye$ 7i‡" i[ [djh[]Wh‡W [b )* Z[b c[dY_e# dWZe fWhW c[Z_ei Yeckd_jW# h_ei e i_d Ă’d[i Z[ bkYhe" [b )) fWhW c[Z_ei f‘Xb_Yei o [b ejhe )) h[ijWdj[ fWhW c[Z_ei fh_# lWZei Yed Ă’d[i Z[ bkYhe$ Æ;ijW [i kdW Z[ bWi YeiWi h[# lebkY_edWh_Wi gk[ jhW[ bW dk[lW B[o Z[ 9eckd_YWY_ÂŒdÇ" Z[ijW# YÂŒ Wo[h [b fh[i_Z[dj[ HW\W[b 9e# hh[W" gk_[d W‹WZ_ÂŒ gk[ i[ [n_]_# h| bW fhe\[i_edWb_pWY_ÂŒd Z[ bei Yeckd_YWZeh[i ieY_Wb[i$ ?dZ_YÂŒ gk[ Æ^Wo eĂ’Y_ei Z[d# jhe Z[b f[h_eZ_ice gk[ de [n_#
][d kdW \ehcWY_ÂŒd fhe\[i_edWb" e i[W" fWhW fh[i[djWh dej_Y_Wi [i ikĂ’Y_[dj[ i[h kdW YebehWZ_jW ]kWfW gk[ ^WXb[ YkWbgk_[h YeiW f[he fWhW i[h `[\[ Z[ ef_d_ÂŒd" Z[ h[ZWYY_ÂŒd o Z[ dej_Y_Wi i[ d[Y[i_jW i[h fhe\[i_edWbÇ$ ÆFWhW i[h Z_h[Yjeh Z[b c[Z_e" de i[ h[gk_[h[ i[h ^_`e Z[b Zk[‹e" i[ lW W h[gk[h_h i[h fhe\[i_edWbÇ" Z[YbWhÂŒ [d\|j_YWc[dj[$ 7i_c_ice" W\_hcÂŒ gk[ i[ [n_]_h| gk[ [b +& Z[b Yedj[# d_Ze Z[ bW fhe]hWcWY_ÂŒd Z[ hW# Z_ei o YWdWb[i Z[ j[b[l_i_ÂŒd" [d bei gk[ i[W f[hj_d[dj[" i[W Z[ Whj_ijWi o Wkjeh[i dWY_edWb[i$
)( ( (Ĺ‹ Ĺ‹ #( ) #'*&# )-Ĺ‹ (Ĺ‹'/ ,. Ĺ‹ &Ĺ‹ 2 )' ( (. Ĺ‹ Ĺ‹& Ĺ‹
.2ĹŠ/1#24-3 ,#-3#ĹŠ5(-!4+ ".2ĹŠ#-ĹŠ#+ĹŠ 2#2(- 3.ĹŠ"#+ĹŠ#7!., -" -3#ĹŠ"#ĹŠ+ ĹŠ ĹŠ $4#1.-ĹŠ' ++ ".2ĹŠ!4+/ +#2Ä“ Ŋš :[ifkƒi Z[ c|i Z[ '(
]WZe feh kd f[h_je _d\ehc|j_Ye ^ehWi Z[ WkZ_[dY_W" [b Jh_XkdWb [hW [nWYje$ :ƒY_ce Z[ =WhWdj‡Wi F[dWb[i Z[b =kWoWi [dYedjhÂŒ YkbfWXb[i 1;ĹŠ /#+ !(¢[d Z_\[h[dj[i ]hWZei Wkjeh[i BW Z[\[diW Z[ bei Y_dYe WYkiWZei YÂŒcfb_Y[i o [dYkXh_Zeh[i W bei h[Y^WpÂŒ [b \Wbbe o Wi[]khÂŒ gk[ bW Y_dYe ikfk[ijei _cfb_YWZei [d <_iYWb‡W de WfehjÂŒ bei [b[c[djei [b Wi[i_dWje Z[b [nYecWdZWdj[ Z[ Yedl_YY_ÂŒd d[Y[iWh_ei" fWhW Z[ bW <k[hpW 7ƒh[W ;YkWjeh_WdW ikij[djWh ik f[Z_Ze Z[ i[dj[dY_W <7; " @eh][ =WX[bW" gk_[d \Wbb[# YedZ[dWjeh_W c|n_cW$ Æ7b ][d[hWb =WX[bW be Wi[i_# Y_ÂŒ [b '/ Z[ Z_Y_[cXh[ Z[ (&'&$ ;d [b WkZ_jeh_e Z[ bW 9ehj[ dWhed feh ehZ[d Z[ bWi WbjkhWi" Fhel_dY_Wb Z[ @kij_Y_W Z[b =kW# fk[i ƒb _dl[ij_]WXW kdW YecfhW oWi" CWdk[b 7hcWi FheW‹e" Z[ Wl_ed[iÇ" Z_`e CWh_e 9WdZ[b" fh[i_Z[dj[ Z[b Jh_XkdWb Z_YjÂŒ ik WXe]WZe Z[\[dieh Z[ kde Z[ bei \Wbbe [d c[Z_e Z[ bWi b|]h_cWi Z[ Z[j[d_Zei" gk_[d WZ[c|i WYejÂŒ \Wc_b_Wh[i Z[ bei Z[j[d_Zei gk[ gk[ i[ [ijWXW YedZ[dWdZe W ][d# Wi_ij_[hed W bW Z_b_][dY_W$ j[ _deY[dj[$ Bei c_[cXhei Z[b Jh_XkdWb HeX[hje Ă›blWh[p" WXe]WZe Z[ WYe]_[hed bWi WYkiWY_ed[i Z[ bW @kb_e I|dY^[p IWbWlWhh‡W" Wdkd# <_iYWb‡W o bWi fhk[XWi WfehjWZWi Y_ÂŒ gk[ [if[hWh| bW dej_Ă’YWY_ÂŒd feh bei f[h_jei _d\ehc|j_Yei o Z[b \Wbbe [d bWi fhÂŒn_cWi ^ehWi" feb_Y_Wb[i gk[ WYjkWhed ZkhWdj[ fWhW fh[i[djWh ik Wf[bWY_ÂŒd$ bW _dl[ij_]WY_ÂŒd$ H[dƒ 7ijkZ_bbe" \_iYWb [d# #!+ ,. YWh]WZe Z[b YWie [n^_X_ÂŒ" Yece :khWdj[ kd h[Y[ie FWjh_Y_W fhk[X bei h[fehj[i Z[ bbWcWZWi EY^eW [ifeiW Z[b Yehed[b =WX[# j[b[\ÂŒd_YWi h[Wb_pWZWi Z[ifkƒi bW " h[Yh_c_dÂŒ Wb Z[\[dieh CWh_e Z[b ^[Y^e Z[ iWd]h[$ 7ijkZ_bbe 9WdZ[b" feh kdW ikfk[ijW e\[diW Wh]kc[djÂŒ gk[ [b Z[jWbb[ [djh[# ZkhWdj[ [b WYje `kZ_Y_Wb$
Ä€Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
Ć
1.!#2.ĹŠ
.2ĹŠ(,/+(! ".2
ŗŊ 4+(.Ŋ "4 1".Ŋ ;-!'#9Ŋ + 5 11~ ĔŊ
ĹŠĹŠĹŠĹŠ +( 2ĹŠÄĄ ( -! ĢŊ Ĺ—ĹŠ .--8ĹŠ 81.-#ĹŠ #1;-ĹŠ ., +;ĔŊ ĹŠĹŠĹŠĹŠ +( 2ĹŠÄĄ .+ -3#Ģ Ĺ—ĹŠ ;7(,.ĹŠ #%4-".ĹŠ .11#2ĹŠ 43(5#-ĹŠ Ĺ—ĹŠ #"1.ĹŠ +.1#-!(.ĹŠ 1!~ ĹŠ 2 -3#2 Ĺ—ĹŠ #Â˘Äƒ+.ĹŠ , 1ĹŠ #+_-"1#9ĹŠ .1-#).ĹŠ
Bei YhkY[i Z[ fWbWXhW [d# jh[ WYkiWZeh[i o Z[\[dieh[i i[ [l_Z[dY_Whed ZkhWdj[ bW Z_b_][dY_W$ BW Z[\[diW Z[ bei WYkiWZei _di_ij‡W [d gk[ bei Z[j[d_Zei de j[d‡Wd dWZW gk[ l[h Yed [b ikfk[ije Z[b_je gk[ i[ _dl[ij_]W$ #"(".
BW [ceY_Œd _dlWZ_Œ W bW [ifeiW Z[b [n`[\[ c_b_jWh \Wbb[Y_Ze o jhWi [iYkY^Wh [b \Wbbe YedZ[dWjeh_e" WXhWpŒ W ik Yk‹WZW o bbehŒ kdei c_dkjei$ EY^eW i[‹WbŒ gk[ i[ Z[X[ _di_ij_h [d bW _dl[ij_]WY_Œd fWhW ZWh Yed bei Wkjeh[i _dj[b[Y# jkWb[i Z[b Yh_c[d Z[ ik cWh_Ze$ Jh[i Z[ bei WYkiWZei \k[hed i[# ‹WbWZei Yece Wkjeh[i cWj[h_W# b[i Z[b Yh_c[d o i[dj[dY_WZei W (+ W‹ei Z[ Y|hY[b$
ēŊ 31(!( Ŋ !'. Ŋ/("#Ŋ04#Ŋ2#Ŋ(-5#23(%4#Ŋ Ŋ+.2Ŋ 43.1#2Ŋ, 3#1( +#2Ŋ"#+Ŋ !1(,#-ēŊ
Ĺ‹#(# # Ĺ‹/(Ĺ‹(/ 0)Ĺ‹ )( /,-)Ĺ‹* , Ĺ‹$/ :[iZ[ bWi &.0)& Z[ Wo[h" bei fei# jkbWdj[i fWhW [b YedYkhie Z[ )') ĂŒ,#1. `k[Y[i W d_l[b dWY_edWb" [cf[pW# .234+ -3#2ĹŠ/.1ĹŠ!(4" " hed W bb[]Wh W kd ^ej[b Z[ bW YWf_# jWb" fWhW h[]_ijhWh iki decXh[i o ĒĎđŊ h[dZ_h bWi fhk[XWi fi_YebÂŒ]_YWi$ Ĺ—ĹŠĹŠ 4(3.ĹŠĹŠ Ä’Ä‘ÄˆĹŠ Ĺ—ĹŠĹŠ 4 8 04(+ĹŠĹŠ Gk_je" =kWoWgk_b" 9k[dYW o 4#-! ĹŠĹŠ Ä?ĉĊŊ Ĺ—ĹŠĹŠ 7cXWje \k[hed bWi i[Z[i ZedZ[ ČĊČ Ĺ—ĹŠĹŠ , 3.ĹŠĹŠ ($/.+ fWhj_Y_fWdj[i Z[X[h|d ikf[# hWh bW fh_c[hW [jWfW Z[b YedYkhie$ 7o[h" [d Zei `ehdWZWi /0&& Z[ bW cW‹WdW o '+0&& _d_Y_ÂŒ [b fheY[ie fh[i[djWhed [d Wb]kde Z[ bei YedYkhiei Wdj[h_eh[i o fWiWhed [d bWi YkWjhe Y_kZWZ[i$ FWkbe HeZh‡]k[p" fh[i_# bW [lWbkWY_ÂŒd fi_YebÂŒ]_YW oW de j_[d[d gk[ h[dZ_h dk[lW# Z[dj[ Z[b 9edi[`e Z[ bW @kZ_YWjkhW Z[ JhWdi_# c[dj[ [ijW l[p$ ;d [iei YWiei Z[X[h|d fh[i[djWh# Y_ÂŒd 9@J " Z_`e gk[ ^Wo '( f[hiedWi [ned[hWZWi 3(#-#ĹŠ+ ĹŠ/14# ĹŠ i[ Wb h[ije Z[b YedYkhie 2(!.+¢%(! Ä“ Z[b YedYkhie$ gk[ ied bWi fhk[XWi j[ÂŒh_# Æ>Wo f[hiedWi gk[ i[ YWiÇ" [nfh[iÂŒ$
ÄŠÄ?ćŊ
-!.'#1#-!( 2ĹŠ Ĺ—ĹŠĹŠ #ĹŠ !4#1".ĹŠ ĹŠ+ 2ĹŠ"#!+ 1 !(.-#2ĹŠ"#ĹŠ .1 8 ĹŠ .'¢104#9ĔŊ+.2ĹŠ$4-!(.- 1(.2ĹŠ04#ĹŠ $4#1.-ĹŠ4 (! ".2ĹŠ#-ĹŠÄĄ#+ĹŠ/#1ă+ĹŠ(-5;+(".ĢĔŊ2(%-(ă! ĹŠ04#ĹŠ#23#ĹŠ1#24+3 ".ĹŠ2#ĹŠ"# #ĹŠ ĹŠ04#ĹŠ
31 3 1.-ĹŠ#-ĹŠ +%ĂŒ-ĹŠ,.,#-3.ĹŠ"#ĹŠ/1#2#-3 1ĹŠ4- ĹŠ(, %#-ĹŠ"#, 2( ".ĹŠ 4#- ĔŊĥ04#ĹŠ ! #ĹŠ! 2(ĹŠ#-ĹŠ#+ĹŠ3#, ĹŠ"#ĹŠ+ ĹŠ,#-3(1 ĔŊ8ĹŠ#23.ĹŠ(,/+(! ĹŠ04#ĹŠ(-5 +(" ĹŠ+ ĹŠ/14# ĹŠ8ĹŠ04#ĹŠ-.ĹŠ /#1,(3#-ĹŠ2#1ĹŠ#5 +4 ".2ĢĔŊ/4-34 +(9¢ēŊ #%ĂŒ-ĹŠ .'¢104#9ĔŊĥ+.2ĹŠ1#24+3 ".2ĹŠ"#ĹŠ+ ĹŠ/14# ĹŠ2(%-(ă! -ĹŠ04#ĹŠ#++.2ĹŠ,(-3(#1.-ĹŠ.ĹŠ $4#1.-ĹŠ(-!.'#1#-3#2ĹŠ ĹŠ+ ĹŠ'.1 ĹŠ"#ĹŠ" 1ĹŠ242ĹŠ1#2/4#23 2ĢĔŊ"().ēŊ 2~ĔŊ ĹŠ!1(3#1(.ĹŠ"#ĹŠ+ ĹŠ ..1"(- ".1 ĹŠ"#ĹŠ +#-3.ĹŠ 4, -.ĔŊ+ ĹŠ1#!.,#-" Äą !(¢-ĹŠ/ 1 ĹŠ#+ĹŠ/+#-.ĹŠ"#+ĹŠ ĔŊ#2ĹŠ04#ĹŠ-.ĹŠ2#ĹŠ3.,#-ĹŠ-4#5 ,#-3#ĹŠ+ 2ĹŠ/14# 2ĹŠ /2(!.+¢%(! 2ēŊŊ
ēŊĉēĒđĎŊ/ 13(!(/ -Ŋ#-Ŋ#+Ŋ/1.!#2.ēŊ
.2ĹŠ! 1%.2
BW YedleYWjeh_W Z[b YedYkhie i[ h[Wb_pÂŒ [b + Z[ cWhpe o bei YWh]ei gk[ eYkfWh|d ied fWhW `k[Y[i [d Yehj[i fhel_dY_Wb[i" jh_XkdWb[i f[dWb[i" `kp]WZei Z[ fh_c[h d_# l[b" [d bWi cWj[h_Wi 9_l_b o C[h# YWdj_b" =WhWdj‡Wi F[dWb[i" Jh|d# i_je" JhWXW`e o ejhei$ (-ĹŠ/14# 2ĹŠ/2(!.+¢%(! 2
Æ?d_Y_Wbc[dj[ deiejhei fh[\[h_#
h‡Wcei o dk[ijhW h[Yec[dZWY_ÂŒd 8e^ÂŒhgk[p WdkdY_ÂŒ gk[ [b _d# [i gk[ de i[ jec[ bW fhk[XW dk[# \ehc[ ieXh[ bWi fhk[XWi fi_YebÂŒ# lWc[dj[Ç" \k[hed bWi fWbWXhWi Z[ ]_YWi Z[ bei i[hl_Zeh[i `kZ_Y_Wb[i IehWoW 8e^ÂŒhgk[p" YeehZ_dWZe# [ijWh| b_ije bW fhÂŒn_cW i[cWdW o i[h| [b fb[de Z[b 9@J" gk_[d hW Z[ JWb[dje >kcWde Z[b 9@J$ jec[ bW Z[Y_i_ÂŒd Ă’dWb$ ĹŠ Æ;ijWcei WdWb_pWdZe" ;ije" Wb h[\[h_hi[ W bW fei_X_b_ZWZ Z[ gk[ bei \kd# Yed bei fhe\[i_edWb[i gk[ 1(+ĹŠ Y_edWh_ei `kZ_Y_Wb[i gk[ +ĹŠÄ’ĹŠ8ĹŠÄˆÄ‡ĹŠ"#ĹŠ 2#ĹŠ1# +(9 1;-ĹŠ+ 2ĹŠ i[ YedjhWjWhed fWhW [ie" YkWb [i bW f[hj_d[dY_W Z[ de WfheXWhed bWi fhk[XWi /14# 2ĹŠ3#¢1(Äą fi_YebÂŒ]_YWi" fk[ZWd h[d# ! 2ĔŊ2#%4(" 2ĹŠ"#ĹŠ + ĹŠ(,/4%- !(¢-ĹŠ lebl[h W jecWh bW fhk[XWÇ" !(4" " - ēŊ [nfh[iÂŒ Z_h ejhW$
ć
Ä€Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
, Ä–ĹŠ,;2ĹŠ(,/4#23.2ĹŠ ĹŠ+.2ĹŠ1(!.2
+Ŋ/1#2("#-3#Ŋ#23 ".4-("#-2#Ŋ 1 !*Ŋ , Ŋ/("(¢Ŋ 8#1Ŋ 4,#-3 1Ŋ+ 2Ŋ3 2 2Ŋ (,/.2(3(5 2Ŋ/ 1 Ŋ+.2Ŋ-.13# ,#1(! -.2Ŋ,;2Ŋ1(!.2ĔŊ2# + -".Ŋ04#Ŋ+ 2Ŋ5#-3 ) 2Ŋ 04#Ŋ!.-!#"#Ŋ#+Ŋ !34 +Ŋ2(23#, Ŋ(,/.2(3(5.Ŋ Ŋ+ 2Ŋ/#12.- 2Ŋ"#Ŋ, 8.1#2Ŋ(-%1#Ĺ 2.2Ŋ#2Ŋ(-)423.ēŊ
1%#-3(- Ŋ!4#23(.- Ŋ Ŋ ē ēŊ8Ŋ
&Ĺ‹ ) # ,()Ĺ‹ ,! (.#()Ĺ‹ )(-# ,šŋ 3 ,Ĺ‹+/ Ĺ‹ -. )-Ĺ‹ (# )-Ĺ‹3Ĺ‹& Ĺ‹ (#š(Ĺ‹ /,)* ŋĢ ÄŁĹ‹-)(Ĺ‹Ä?&)-Ĺ‹0 , ,)-Ĺ‹, -*)(- & -đŋ Ĺ‹& -Ĺ‹ ., -Ĺ‹ (Ĺ‹ &Ĺ‹ )' , #)Ĺ‹#(. ,( #)( &Ä…Ĺ‹ (Ĺ‹)., Ĺ‹, -*/ -. Ĺ‹ Ĺ‹& -Ĺ‹+/ Äš $ -Ĺ‹ Ĺ‹* v- -Ĺ‹ - ,,)&& )-Ĺ‹*),Ĺ‹& -Ĺ‹' # -Ĺ‹*,). #)(#-. -Ĺ‹ Ĺ‹ & Ĺ‹( #š(Ĺ‹-/ ' ,# ( ĄŊ
3/ Ĺ‹ &Ĺ‹ - ,,)&&)Ĺ‹ Ĺ‹*),Ĺ‹*& (ŋŋ -* ˜)&Ĺ‹ .- !(.-#2ĹŠ ĹŠ !4 ".1ĹŠ2#ĹŠ5#1; $#!3 " 2ēŊ #%ĂŒ-ĹŠ#7/#13.2ĔŊ2#ĹŠ" 1; 4-ĹŠÄĽ%.+/#ĹŠ 143 +ÄŚĹŠ ĹŠ+ ĹŠ!../#1 !(¢-ēŊ ĔŊ ŊěŊ BW WokZW Wb Z[iW# hhebbe gk[ ;ifW‹W Z[ij_dW [d ]hWd fWhj[ W 7cƒh_YW BWj_dW [i" Yed kd W^ehhe Z[ c|i Z[b -& " bW fh_c[hW l‡Yj_cW Z[ bei h[Yeh# j[i Wfb_YWZei [d [b fh[ikfk[ije (&'(" [b c|i Wkij[he Z[ ik ^_ije# h_W gk[" i[]‘d bWi ED=" Wi[ijW kd Æ]ebf[ XhkjWb W bW Yeef[hWY_ÂŒdÇ$ ;b C_d_ij[h_e Z[ 7ikdjei ;n# j[h_eh[i [dYWX[pW bei Zh|ij_Yei h[Yehj[i Yed bei gk[ [b ]eX_[hde Z[b Yedi[hlWZeh CWh_Wde HW`eo fh[j[dZ[h W^ehhWh (-$)&& c_# bbed[i Z[ [khei [ij[ W‹e kdei ),$&&& c_bbed[i Z[ ZÂŒbWh[i [d kd [i\k[hpe feh h[ZkY_h [b ZÂƒĂ’Y_j f‘Xb_Ye Wb +") Z[iZ[ [b ."+ Z[ (&''$ I_ [b h[Yehj[ c[Z_e Z[ bei c_# d_ij[h_ei [i Z[ ',"/ " [b Z[ bW YWdY_bb[h‡W WiY[dZ[h| W +*"* " fWiWdZe ik fh[ikfk[ije Z[ ($,*, c_bbed[i Z[ [khei [d (&'' W '$(&+ c_bbed[i [d (&'($
h| [d bW 7][dY_W ;ifW‹W Z[ 9e# ef[hWY_ÂŒd ?dj[hdWY_edWb fWhW [b :[iWhhebbe 7[Y_Z " YkoW \_# dWdY_WY_ÂŒd YW[h| -'"( " o [d bei <edZei fWhW bW FheceY_ÂŒd Z[b :[iWhhebbe <edfheZ[ o <edZe Z[b 7]kW <97I " gk[ ik\h_h|d kd j_`[h[jWpe Z[ -(", $ Æ;ije [i kd ]ebf[ XhkjWb W bW feb‡j_YW Z[ Yeef[hWY_ÂŒd" gk[ i[ jhWZkY[ [d kdW [dehc[ jhW][Z_W ^kcWdWÇ" Z_`e Wo[h @W_c[ 7j_[d# pW" l_Y[fh[i_Z[dj[ Z[ bW 9eehZ_# dWZehW Z[ ED= Z[ :[iWhhebbe Z[ ;ifW‹W$ ĹŠ1# !3(5 1ĹŠ+ ĹŠ#!.-.,~
7j_[dpW Z[dkdY_ÂŒ gk[ [b W^ehhe i[ Wfb_gk[ W Æbei h[Ykhiei eh_[d# jWZei W c_bbed[i Z[ \Wc_b_Wi gk[ [ij|d [d i_jkWY_ed[i [d gk[ de fk[Z[d Wb_c[djWhi[" j[d[h WYY[# ie W bW [ZkYWY_ÂŒd" YkXh_h ik Z[h[# Y^e W bW iWbkZÇ$ Æ:[ Wb]kdW \ehcW [i fed[hb[ W jeZei [iei c_bbed[i Z[ f[hiedWi gk[ [ij|d l_l_[dZe [d i_jkWY_e# #ĹŠÄƒ- -!( !(¢;b _dc[die f[ie Z[ [ij[ W^ehhe d[i [njh[cWi [b f[ie Z[ Whh[]bWh '$)./ c_bbed[i Z[ [khei h[YW[# dk[ijhe ZÂƒĂ’Y_jÇ" W]h[]ÂŒ [b l_Y[#
¥ ēŊ Ŋ(, %#-Ŋ+.Ŋ"(!#Ŋ3.".ēŊ -Ŋ +, !_-Ŋ"#Ŋ "1("Ŋ!.+.!¢Ŋ#+Ŋ! 13#+Ŋ"41 -3#Ŋ+ Ŋ'4#+% Ŋ"#+Ŋ/ 2 ".Ŋ)4#5#2ēŊ
fh[i_Z[dj[ Z[ kdW fbWjW\ehcW gk[ h[‘d[ W c|i *&& ED=" Yed -$&&& fheo[Yjei o kdei .) c_bbed[i Z[ X[d[Ă’Y_Wh_ei [d [b ckdZe$ 9ed kdW [Yedec‡W Z[ dk[le [d h[Y[i_ÂŒd" gk[ [ij[ W‹e Z[X[h‡W YW[h kd '"- i[]‘d [b =eX_[hde" o bW Yh[Y_[dj[ fh[i_ÂŒd Z[ iki ie# Y_ei [khef[ei fWhW Ykcfb_h [b eX`[j_le Z[ ZÂƒĂ’Y_j" CWZh_Z Z[Y_# Z_ÂŒ fh[iY_dZ_h Z[ jeZe be gk[ de Yedjh_XkoW W h[WYj_lWh bW [Yede# c‡W o bkY^Wh YedjhW kd Z[i[c# fb[e hƒYehZ Z[ ((".+ $ ÄĽ -ĹŠ%1 5#ĹŠ#11.1ÄŚ
:[ [ij[ ceZe" bei .)* c_bbed[i Z[ [khei gk[ [b W‹e fWiWZe h[# Y_X_ÂŒ bW 7[Y_Z i[ Yedl[hj_h|d [d (*& c_bbed[i [d (&'(" o bei '$&/+ Z[b <edfheZ[ o [b <97I #Yh[WZe [d (&&- fWhW Wi[]khWh [b WYY[ie W W]kW fejWXb[ o iWd[Wc_[dje W bWi feXbWY_ed[i c|i d[Y[i_jWZWi Z[ 7cƒh_YW BWj_dW o [b 9Wh_X[# i[ gk[ZWh|d [d )&& c_bbed[i$ Æ;i kd ]hWl[ [hhehÇ" \kij_]ÂŒ bW ED= ?dj[hcÂŒd En\Wc$ ÆBe gk[ dei W^ehhWcei ^eo be fW]Wh[cei Z[ c|i Yed bWi ]hWl[i Yedi[Yk[dY_Wi ^kcWdWi
)423#ĹŠ/ 2 ĹŠ#7 ,#ĹŠĹŠ 2/  Ŋ. 345.ĹŠ4- ĹŠ/14"#-3#ĹŠ -4#-!( ĹŠ#41./# ĹŠ ĹŠ24ĹŠ/1#24/4#23.ĹŠÄ‰Ä‡ÄˆÄ‰ĹŠÄą#+ĹŠ Ĺ—,;2ĹŠ"41.ĹŠ"#ĹŠ24ĹŠ'(23.1( ĹŊ/ 1 ĹŠ1# ) 1ĹŠ#23#ĹŠ  .ĹŠ24ĹŠ"_ă!(3ĹŠ#-ĹŠ31#2ĹŠ/4-3.2ĔŊ/#1.ĹŠ
5 1(.2Ŋ(-3#11.% -3#2Ŋ/#12(23~ -Ŋ#+Ŋ2; ".Ŋ/ 1 Ŋ+.2Ŋ#7/#13.2Ŋ2. 1#Ŋ+ Ŋ1 /("#9Ŋ8Ŋ+ Ŋ 5( (+(" "Ŋ"#+Ŋ )423#ē /#- 2Ŋ -4-!( ".Ŋ#-Ŋ "1("Ŋ#+Ŋ/1#24/4#23.ĔŊ .1%Ŋ 2,422#-ĔŊ,(#, 1.Ŋ"#+Ŋ "(1#!3.1(.Ŋ"#+Ŋ -!.Ŋ #-31 +Ŋ 41./#.Ŋĸ ĚĔŊ"().Ŋ"#2"#Ŋ ./#-' %4#Ŋ04#Ŋ"# ~ Ŋ 2#1Ŋ /+(! ".Ŋ+.Ŋ,;2Ŋ5#+.9,#-3#Ŋ/.2( +#ĔŊ/ 1 Ŋ04#Ŋ3#-% Ŋ4-Ŋ1;/(".Ŋĥ(,/ !3.Ģē
#ĹŠ$4#1.-ĹŠ".- !(.-#2 ĹŠĹŠ .-ĹŠÄ‡Ä”ÄŒÄŠĹ˜ĹŠ"#+ĹŠ ĹŠ#-ĹŠÄ‰Ä‡ÄˆÄ‡ĹŠ8ĹŠÄ‡Ä”Ä‰Ä’Ĺ˜ĹŠ#-ĹŠÄ‰Ä‡ÄˆÄˆÄ”ĹŠ#23;ĹŠ,48ĹŠ+#).2ĹŠ+ ĹŠ/1.,#2 ĹŠ"#ĹŠ Ĺ— 2/  Ŋ"#ĹŠ"#23(- 1ĹŠ4-ŊćĔÄ?Ĺ˜ĹŠ"#+ĹŠ ĹŠ ĹŠ+ ĹŠ 84" ĹŠ +ĹŠ"#2 11.++.ĔŊ4-.ĹŠ"#ĹŠ+.2ĹŠ )#3(5.2ĹŠ "#+ĹŠ (+#-(.ĹŠ"#ĹŠ+ ĹŠ Ä“ 2/  Ŋ#2ĹŠ#+ĹŠ/1(,#1ĹŠ".- -3#ĹŠ (+ 3#1 +ĹŠ#-ĹŠ/ ~2#2ĹŠ!.,.ĹŠ .+(5( ĔŊ #1ĂŒÄ”ĹŠ !4 ".1ĔŊ 1 %4 8ĹŠ8ĹŠ +ĹŠ +5 ".1ēŊ , (_-ĹŠ#23;ĹŠ/1#2#-3#ĹŠ#-ĹŠ .-"41 2ĔŊ (! 1 %4 ĔŊ 4 3#Äą , + ĹŠ8ĹŠ #/ĂŒ +(! ĹŠ .,(-(! - ĔŊ#-31#ĹŠ.31.2Ä“
gk[ i_d ZkZW Wb]kdW WYWhh[Wh|Ç" Z[dkdY_ÂŒ L[hÂŒd_YW >[hd|dZ[p FWhhW" h[ifediWXb[ Z[ bW eh]Wd_# pWY_ÂŒd" fh[]kdj|dZei[ ÆYk|djWi l_ZWi f[hZ_ZWi i[ [iYedZ[d Z[# jh|i Z[ [ijWi Y_\hWiÇ$
kdei fh[ikfk[ijei Z[ ]k[hhWÇ" f[he 7j_[dpW Z[dkdY_ÂŒ gk[ ;i# fW‹W i[W [b fW‡i [d Z_Ă’YkbjWZ[i gk[ c|i h[YehjÂŒ ik Yeef[hWY_ÂŒd _dj[hdWY_edWb$ Æ?dYbkie ?hbWdZW" gk[ ^W i_Ze h[iYWjWZW [b W‹e fWiWZe" jecÂŒ bW Z[Y_i_ÂŒd Z[ de jeYWh ik WokZW Wb 1 -"#2ĹŠ1#!.13#2 ;b YWdY_bb[h [ifW‹eb" @eiƒ CW# Z[iWhhebbe o [i kdW Z[Y_i_ÂŒd gk[ dk[b =WhY‡W#CWh]Wbbe" `kij_Ă’YÂŒ ^Wd jecWZe jWcX_ƒd ejhei fW‡# bei h[Yehj[i WĂ’hcWdZe gk[ Æied i[iÇ" i[‹WbW$
)-Ĺ‹ ,Z #.)-Ĺ‹ &Ĺ‹ # --Ĺ‹* - (Ĺ‹ Ĺ‹ )(.,)&Ĺ‹ 2. ,() ŊěŊBWi ef[hWY_ed[i Yh[# Z_j_Y_Wi gk[ [b 8WdYe Z[b ?dij_jkje ;YkWjeh_Wde Z[ I[]kh_ZWZ IeY_Wb 8_[ii " [djh[]W W iki WĂ’b_WZei" fWiWh|d W Yedjheb Z[ kd i_ij[cW _dj[]hWZe Z[ ][ij_ÂŒd Z[ WlWdpWZW j[Ydebe]‡W o cWoeh i[]kh_ZWZ$ I[ jhWjW Z[ bW _cfb[c[djW# Y_ÂŒd Z[ kdW fbWjW\ehcW Z[ WZc_# d_ijhWY_ÂŒd o Yedjheb Z[ fheY[iei XWdYWh_ei gk[ [ijWh|d cWd[`W# Zei feh :WjWfhe ?dY" fWhW f[h# c_j_h bW _dj[]hWY_ÂŒd Yecfb[jW o i[]khW Z[ bWi ef[hWY_ed[i gk[ X[d[Ă’Y_Wd W bei WĂ’b_WZei WYj_lei o `kX_bWZei Z[b ?;II$ ;ije" W jhWlƒi Z[ kd ie\jmWh[ Ă’dWdY_[he gk[ [n_ij[ [d '(& [d# j_ZWZ[i Ă’dWdY_[hWi Z[ (* fW‡i[i
Z[ 7cƒh_YW BWj_dW$ +ĹŠ!.-31 3.
;b 8_[ii WZ`kZ_YÂŒ [b YedjhWje Z[ [ij[ i[hl_Y_e W :WjWfhe" ?dY W jhWlƒi Z[ kd fheY[ie Z[ i[b[YY_ÂŒd ZedZ[ fWhj_Y_fWhed ejhWi fhel[[# ZehWi _dj[hdWY_edWb[i" Yed h[]k# bWY_ed[i Z[b ?dij_jkje DWY_edWb Z[ 9ecfhWi F‘Xb_YWi ?dYef " be YkWb [ijkle W YWh]e Z[ kdW Yec_# i_ÂŒd jƒYd_YW gk[ jecÂŒ fWh|c[jhei Z[ YWb_Ă’YWY_ÂŒd" bWi YWhWYj[h‡ij_YWi jƒYd_YWi Z[b i_ij[cW" ik \kdY_edW# b_ZWZ" [nf[h_[dY_W Z[b f[hiedWb o ik fhefk[ijW [YedÂŒc_YW$ 13(!(/ !(¢-ĹŠ- !(.- +
;b fheY[ie Yedi_Z[hŒ bW fWhj_Y_#
fWY_ÂŒd dWY_edWb jhWi YWb_Ă’YWh bW Wb_WdpW [ijWXb[Y_ZW [djh[ bW \_hcW c[dY_edWZW" Yed i[Z[ C_Wc_" Yed bW [cfh[iW [YkW# jeh_WdW =[ijeh" fhel[[ZehW Z[ j[Ydebe]‡W Z[ XWdYW Z[ _dl[h# i_ÂŒd" bW YkWb i[ [dYWh]Wh| Z[ bW _cfb[c[djWY_ÂŒd Z[ bei cÂŒZk# bei h[bWY_edWZei Yed bei d[]e# Y_ei Ă’ZkY_Wh_ei Z[b 8_[ii$ BW ^[hhWc_[djW f[hc_j[ \k# i_edWh [d kdW c_icW fbWjW\eh# cW j[YdebÂŒ]_YW" bWi \kdY_ed[i Yh[Z_j_Y_Wi Z[ _dl[hi_ed[i \_# dWdY_[hWi o YedjWXb[i eh_[djW# ZWi Wb i[hl_Y_e WYefb|dZei[ _d# Ybkie W bW ][d[hWY_ÂŒd Z[ dk[lei fheZkYjei W c[Z_Wde o bWh]e fbWpe$
ēŊ .-Ŋ#+Ŋ-4#5.Ŋ2(23#, Ŋ2#Ŋ#2/#1 Ŋ 3#-"#1Ŋ,#).1Ŋ Ŋ+.2Ŋ424 1(.2ē
(23.ĹŠ#-ĹŠ4-ĹŠ,#2
bei kikWh_ei W bW f|]_dW m[X Z[b ;b dk[le i_ij[cW gk[ Yec[dpW# XWdYe" fWhW bWi YWb_ÒYWY_ed[i Z[ h| W \kdY_edWh Z[djhe Z[ )& Z‡Wi" bWi fh[ijWY_ed[i ÒdWdY_[hWi gk[ f[hc_j_h| [b WYY[ie l_hjkWb Z[ [djh[]W [b 8_[ii W iki WÒb_WZei$
,, ( ŋŋ& ŋ &# , #š(ŋ ŋ&)-ŋÝúŋ , " ( -
Ä€Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
Ĉ
.+., ( ĹŠ %4 1" ĹŠ#+ĹŠ1#3.1-.ĹŠ#-ĹŠ+ 2ĹŠ /1¢7(, 2ĹŠ'.1 2ĹŠ"#ĹŠ+.2ĹŠĂŒ+3(,.2ĹŠ! 43(Äą 5.2ĹŠ4-($.1, ".2ĹŠ"#ĹŠ+ 2ĹŠ Ä“ :ĔŊ ĹŠ Ä› JhWi c|i Z[ '(
W‹ei YWkj_lei feh bWi <7H9" '& feb_Y‡Wi o c_b_jWh[i YebecX_W# dei Z[X[d i[h b_X[hWZei [djh[ bei fhŒn_cei ( o * Z[ WXh_b feh [iW ]k[hh_bbW" gk[ Wi[]khW ied bei ‘bj_cei h[^[d[i kd_\ehcW# Zei [d ik feZ[h o WdkdY_Œ ^WY[ feYWi i[cWdWi ik h[dkdY_W Wb i[Yk[ijhe Z[ Y_l_b[i$ BWi <k[hpWi 7hcWZWi H[# lebkY_edWh_Wi Z[ 9ebecX_W <7H9" Yeckd_ijWi " [b fh_dY_# fWb ]hkfe h[X[bZ[ Z[b fW‡i" fk[# Z[ gk[ZWh i_d d_d]‘d c_[cXhe Z[ bWi \k[hpWi Z[ i[]kh_ZWZ [d ik feZ[h" jhWi ^WX[h j[d_Ze W YWi_ +&& Z[ [bbei [d YWkj_l[h_e ZkhWdj[ bei ‘bj_cei Z_|be]ei Z[ fWp" gk[ \hWYWiWhed ^WY[ kdW ZƒYWZW$ BW ]k[hh_bbW Wi[]khW gk[ bei i[_i feb_Y‡Wi o YkWjhe c_b_jWh[i gk[ [djh[]Wh| ied bei ‘bj_cei gk[ j_[d[ i[Yk[ijhWZei" Wkdgk[ bW Feb_Y‡W YebecX_WdW Z[dkdY_W gk[ i_]k[d \WbjWdZe Zei Z[ iki W][dj[i hWfjWZei$
.2ĹŠ -4-!(.2
\k[hpW Wƒh[W XhWi_b[‹W Z[X[d bb[]Wh Wb W[hefk[hje Z[ bW Y_k# ZWZ YebecX_WdW Z[ L_bbWl_# Y[dY_e kdei ''& ac Wb ikh Z[ 8e]ej| " gk[ i[hl_h| Z[ fbW# jW\ehcW Z[ fWhj_ZW fWhW bWi ef[hWY_ed[i Z[ b_X[hWY_ÂŒd W Z[iWhhebbWhi[ [d Zei `ehdWZWi" [b bkd[i ( Z[ WXh_b o [b c_ƒhYe# b[i *" Yed bWi WYY_ed[i c_b_jWh[i ikif[dZ_ZWi [d bW pedW$ I[ [if[hW gk[ jWcX_ƒd bb[# ]k[ W L_bbWl_Y[dY_e kd ]hkfe Z[ ck`[h[i [njhWd`[hWi gk[ ^Wd YebWXehWZe [d bW c[Z_WY_ÂŒd Z[ bWi b_X[hWY_ed[i" Yece bW DeX[b Z[ bW FWp ]kWj[cWbj[YW H_]e# X[hjW C[dY^‘$ ;ijW i[h| bW YkWhjW ef[hW# Y_ÂŒd ^kcWd_jWh_W Z[ [ij[ j_fe gk[ 9ÂŒhZeXW o [b 9ec_jƒ ?d# j[hdWY_edWb Z[ bW 9hkp He`W 9?9H h[Wb_pWd Yed Wfeoe be# ]‡ij_Ye Z[b ]eX_[hde XhWi_b[‹e Z[iZ[ (&&/" be YkWb e\h[Y[ Wb]e c|i Z[ YedĂ’WdpW W bei \Wc_b_W# h[i Z[ bei h[^[d[i$ ĹŠ2 -%1#ĹŠ8ĹŠ$4#%.
ÆJ[d]e ckY^W Wb[]h‡W f[he W bW l[p kdei d[hl_ei jh[c[d# Zei" ckY^W Wd]kij_W$ E`Wb| gk[ bWi <7H9 YkcfbWdÇ" Z_`e CWh‡W L_h]_d_W <hWdYe" cW# Zh[ Z[b iWh][dje Bk_i 7b\edie 8[bjh|d" kde Z[ bei '& gk[ i[ [if[hW i[Wd b_X[hWZei" [d kdW Yedl[hiWY_ÂŒd Yed bW 7<F [d ik l_l_[dZW Z[b ^kc_bZ[ i[Yjeh Z[ 9_kZWZ 8eb‡lWh Z[ 8e]ej|$ ÆI_[cfh[ jkl_cei c_[Ze W kd h[iYWj[ W iWd]h[ o \k[]e" fehgk[ [d [iW i_jkWY_ÂŒd bei ]k[hh_bb[hei j_[d[d ehZ[d Z[ Z_ifWhWh W bei i[Yk[ijhWZei$ 7^ehW j[d[cei jhWdgk_b_ZWZ fehgk[ [i bW lebkdjWZ Z[ bW ]k[hh_bbWÇ" Wi[]khW bW cWZh[ Z[ 8[bjh|d" iebj[he o i_d ^_`ei" Z[ *( W‹ei Z[ [ZWZ" gk_[d ^W fW# /#1 !(¢>eo" Zei ^[b_YÂŒfj[hei Z[ bW iWZe '* Z[ [bbei [d YWkj_l[h_e$ :[ifkƒi Z[ cWdj[d[hbei fh_# i_ed[hei [djh[ '( o '* W‹ei [d i[blWi o cedjW‹Wi" bW ]k[hh_bbW Z[Y_Z_ÂŒ [d Z_Y_[cXh[ [djh[]Wh W bei kd_\ehcWZei W bW [ni[dW# ZehW YebecX_WdW F_[ZWZ 9ÂŒh# ZeXW Z[ \ehcW kd_bWj[hWb" Yece oW ^Wd ^[Y^e Yed ejhei (& h[# ^[d[i feb‡j_Yei o kd_\ehcWZei Z[iZ[ (&&.$ BWi <7H9 WdkdY_Whed fh_# c[he bW fk[ijW [d b_X[hjWZ Z[ i[_i kd_\ehcWZei f[he [d \[# Xh[he be Wcfb_Whed W '&" W bW l[p gk[ ^_Y_[hed f‘Xb_YW ik h[dkdY_W Wb i[Yk[ijhe Z[ Y_l_# b[i" Z[ bei YkWb[i i[ Z[iYedeY[ Yk|djei j_[d[ [d ik feZ[h$
.1 2Ŋ"($~!(+#2 ŗŊŊŊ 1 Ŋ+.2Ŋ04#Ŋ5 -Ŋ Ŋ1#!4/#1 1Ŋ24Ŋ5(" Ŋ#-Ŋ+( #13 "ĔŊ+.2Ŋ"~ 2Ŋ/1#5(.2Ŋ2.-Ŋ(%4 +Ĺ ,#-3#Ŋ"41.2ēŊĥ #2"#Ŋ#+Ŋ,.,#-3.Ŋ#-Ŋ04#Ŋ,#Ŋ#-3#1_Ŋ04#Ŋ,#Ŋ( -Ŋ Ŋ+( #1 1Ŋ
2(%4(#1.-ŊĉĊŊ"~ 2Ŋ"#Ŋ,4!' Ŋ3#-2(¢-ĔŊ! ,(- -".Ŋ' 23 Ŋ#+Ŋ/4-3.Ŋ"#Ŋ+( #1 !(¢-ĢĔŊ 1#+ 3¢Ŋ Ŋ+ Ŋ Ŋ#+Ŋ#7!.-%1#2(23 Ŋ 4(2Ŋ + "(.Ŋ _1#9ĔŊ Ŋ04(#-Ŋ+ 2Ŋ Ŋ#-31#% Ĺ 1.-Ŋ#-Ŋ$# 1#1.Ŋ"#Ŋĉććđē ĥ (5#2Ŋ2#-3(,(#-3.2Ŋ!.-31 /4#23.2ēŊ - Ŋ -%423( Ŋ/.1Ŋ+.Ŋ04#Ŋ5 2Ŋ Ŋ#-!.-Ĺ 31 1ēŊ .1Ŋ2(Ŋ#-!.-31 1;2Ŋ$ ,(+( ĔŊ#2/.2 ĔŊ'().2ēŊ #1.Ŋ3 , (_-Ŋ#2Ŋ4- Ŋ(-,#-2 Ŋ +#%1~ Ŋ"#Ŋ' ++ 1Ŋ#2 Ŋ+( #13 "Ŋ/#1"(" ĢĔŊ#7/+(!¢Ŋ _1#9ē
ēŊ 1~ Ŋ (1%(-( Ŋ 1 -!.ĔŊ, "1#Ŋ"#+Ŋ2 1%#-3.Ŋ +$.-2.Ŋ #+31;-ĔŊ"#2/+#% Ŋ4- Ŋ/ -! 13 Ŋ!.-Ŋ$.3.2Ŋ"#Ŋ+.2Ŋ4-($.1, ".2Ŋ ! 43(5.2ēŊ
,/ ,)Ĺ‹ )(Ĺ‹'#&Ĺ‹* ,-)( -Ĺ‹ Ĺ‹ ), )Ĺ‹ -.6Ĺ‹ Ĺ‹& Ĺ‹ ,#0 Ĺ‹
ĉ
Ä€Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
+ĹŠ'#!'.ĹŠ2#ĹŠ/1."4).ĹŠ31 2ĹŠ4-ĹŠ(-!#-"(.ĹŠ#-ĹŠ +.2ĹŠ,.3.1#2ĹŠ#-ĹŠ %4 2ĹŠ"#ĹŠ (+(/(- 2Ä“ 2ĹŠ#+ĹŠ3#1!#1ĹŠ !!("#-3#ĹŠ#-ĹŠ#23#ĹŠ  .Ä“ ĔŊ ŊěŊKd YhkY[he Yed +/& jkh_ijWi" bW cWoeh‡W [khef[ei o [i# jWZekd_Z[di[i" o *'' c_[cXhei Z[ bW jh_fkbWY_ÂŒd i[ [dYedjhWXW Wo[h W bW Z[h_lW [d W]kWi Z[ <_b_f_dWi jhWi fheZkY_hi[ [d bei cejeh[i kd _dY[dZ_e" gk[ YWkiÂŒ Y_dYe ^[h_Zei" kde Z[ [bbei ]hWl[$ ;b \k[]e i[ eh_]_dÂŒ [b l_[hd[i feh bW deY^[ [d bW iWbW Z[ c|gk_# dWi Z[b YhkY[he Ăˆ7pWcWhW Gk[ijÉ YkWdZe dWl[]WXW feh [b CWh Z[ @ebÂŒ" [djh[ CWd_bW o bW Y_kZWZ Z[ IWdZWaWd" [d [b [ijWZe cWbWi_e Z[ IWXW^" _d\ehcWhed bei c[# Z_ei beYWb[i$
84"
BWi Wkjeh_ZWZ[i \_b_f_dWi [d# l_Whed kdW Wl_ed[jW o kd XWhYe fWhW WokZWh Wb dWl‡e" Yed XWdZ[# hW Z[ CWbjW" [d bW h[fWhWY_Œd Z[ iki cejeh[i fWhW gk[ fk[ZW Wi‡ fhei[]k_h ^WijW CWbWi_W" ZedZ[ j[dZh| gk[ _dj[hhkcf_h [b h[ije Z[b YhkY[he$ 7pWcWhW 9bkX 9hk_i[i" bW YecfW‹‡W fhef_[jWh_W Z[b XWhYe i_d_[ijhWZe" i[‹WbŒ [d kd Yeck#
-Ŋ  .Ŋ$ 3 + ŊŊ 1 Ŋ#+Ŋ2#!3.1Ŋ"#Ŋ+.2Ŋ!14!#1.2ĔŊ ŗ_23#Ŋ#2Ŋ#+Ŋ3#1!#1Ŋ !!("#-3#Ŋ"#Ŋ%1 5#Ĺ
" "ĹŠ#-ĹŠ+.ĹŠ04#ĹŠ5 ĹŠ"#+ĹŠ  .ēŊ +ĹŠÄˆÄŠĹŠ"#ĹŠ#-#1.ĹŠ#-! ++¢Ŋ8ĹŠ2#ĹŠ'4-"(¢Ŋ#+ĹŠ ÄĽ .23 ĹŠ .-!.1"( ÄŚĹŠ$1#-3#ĹŠ ĹŠ+ ĹŠ(2+ ĹŠ"#ĹŠ (%+(.Ŋĸ 3 +( ĚŊ/1. +#,#-3#ĹŠ"# (".ĹŠ ĹŠ4-ĹŠ$ ++.ĹŠ"#+ĹŠ! /(3;-ēŊ 41(#1.-ŊĊĉŊ /#12.- 2Ä“ - 2ĹŠ2#(2ĹŠ2#, - 2ĹŠ"#2/4_2ĔŊ.31.ĹŠ !14!#1.ĹŠ"#ĹŠ+ ĹŠ!.,/  ~ ĔŊ#+ĹŠÄĽ .23 ĹŠ ++#%1 ÄŚĹŠ24$1(¢Ŋ4-ĹŠ(-!#-"(.ĹŠ!#1! ĹŠ"#ĹŠ + 2ĹŠ #8!'#++#2ēŊ .2ĹŠ5( )#1.2ĹŠ345(#1.-ĹŠ 04#ĹŠ/ 2 1ĹŠ31#2ĹŠ"~ 2ĹŠ2(-ĹŠ (1#ĹŠ !.-"(Äą !(.- ".ĹŠ8ĹŠ!.-ĹŠ#+ĹŠ24,(-(231.ĹŠ-#!#2 Äą 1(.ĹŠ!.-ĹŠ3#,/#1 341 2ĹŠ31./(! +#2Ä“
d_YWZe gk[ Y_dYe c_[cXhei Z[ bW jh_fkbWY_ÂŒd h[ikbjWhed ^[h_Zei" kde Z[ ]hWl[ZWZ" [d [b _dY[dZ_e" gk[ de W\[YjÂŒ W bei fWiW`[hei$ ÆKd c_[cXhe Z[ bW jh_fkbW# Y_ÂŒd [ij| ^[h_Ze i[h_Wc[dj[ o h[gk_[h[ Wj[dY_ÂŒd cƒZ_YW kh# ][dj[ [d kd ^eif_jWb$ KdW l[p gk[ [b XWhYe bb[]k[ W IWdZWaWd" i[h| jhWdifehjWZe W kd ^eif_jWb
ēŊ +Ŋļ 9 , 1 Ŋ 4#23ČŊ#-Ŋ4-.Ŋ"#Ŋ242Ŋ5( )#2ēŊ 1!'(5.
beYWbÇ" _dZ_YÂŒ bW dWl_[hW [d ik f|]_dW m[X$ 7pWcWhW 9bkX 9hk_i[i ][i# j_edW Zei XWhYei" [b ĂˆGk[ijÉ" Yed YWfWY_ZWZ fWhW ,/* fWiW`[hei o c|i Z[ )&& c_[cXhei Z[ bW jh_fkbWY_ÂŒd o [b Ăˆ7pWcWhW @ekh# d[oÉ$ 7cXWi [cXWhYWY_ed[i ied h[bWj_lWc[dj[ f[gk[‹Wi o fhe# ceY_edWd kd i[hl_Y_e Z[ bk`e o f[hiedWb_pWZe" WfWhj[ Z[ feZ[h
f[hc_j_hi[ WjhWYWh [d fk[hjei c|i f[gk[‹ei$ ;b ĂˆGk[ijÉ [djhÂŒ [d i[hl_Y_e [d cWoe Z[ (&&&$ ( )#ĹŠ(-3#114,/(".
BW [cfh[iW jWcX_ƒd _d\ehcŒ gk[ fkZ_[hed Whh[]bWh kde Z[ bei cejeh[i gk[ [ij| i_[dZe kj_b_pWZe fWhW cWdj[d[h [b W_h[ WYedZ_Y_edWZe" [b W]kW Yehh_[d# j[ o [b i[hl_Y_e Z[ YeY_dW$
I[]‘d bW dejW" fhei[]k_h|d Yed [b l_W`[ ^WijW IWdZWaWd [d YkWdje h[fWh[d bei cejeh[i Z[b XWhYe" Z[ )&$(-- jed[bWZWi$ ;b Ăˆ7pWcWhW Gk[ijÉ fWhj_ÂŒ [b (, Z[ cWhpe Z[ >ed] Aed] o j[# d‡W fh[l_ije bb[]Wh W I_d]Wfkh [b '( Z[ WXh_b" jhWi fWhWh [d CWd_bW" IWdZWaWd o bei fk[hjei _dZed[# i_ei Z[ FWbWfe" 8[deW [d 8Wb_" I[cWhWd] o AeceZe$
De acuerdo con los Pliegos de Arrendamiento de Bien Inmueble elaborados por el Honorable Gobierno Provincial de Tungurahua, aprobados por el Ingeniero Fernando Naranjo Lalama, Prefecto Provincial mediante ResoluciĂłn No. HGPTÂ071Â2012 de 30 de marzo de 2012, se convoca a las personas naturales y jurĂdicas, nacionales o extranjeras, asociaciones de Êstas o consorcios o compromisos de asociaciĂłn o consorcio, legalmente capaces para contratar y domiciliadas en el paĂs, a que presenten sus ofertas para el ARRENDAMIENTO DE TERRENO PARA LA CONSTRUCCIĂ“N DE UN CENTRO COMERCIAL POR PARTE DEL ARRENDATARIO.
2 Los interesados podrĂĄn formular preguntas dentro del tĂŠrmino de 5 dĂas contados desde la fecha de la convocatoria. La Entidad Contratante absolverĂĄÂ las preguntas y realizarĂĄÂ las aclaraciones necesarias, dentro del tĂŠrmino de los 5 dĂas subsiguientes. 3. El interesado podrĂĄÂ realizar un reconocimiento previo del bien ofrecido en arrendamiento, lo que se coordinarĂĄÂ con la DirecciĂłn de VĂas y Construcciones del H. Gobierno Provincial.
Para la presentaciĂłn de las ofertas no serĂĄÂ necesario que se encuentren habilitadas en el Registro Único de Proveedores (RUP) en concordancia con lo expuesto en el inciso primero del artĂculo 7 de la ResoluciĂłn INCOP No.013Â09.
4. La oferta tĂŠcnica y econĂłmica se presentarĂĄÂ en la SecretarĂa de AsesorĂa JurĂdica, ubicada en el 5to piso del Edificio Central del H. Gobierno Provincial de Tungurahua, ubicado en las calles BolĂvar y Castillo esquina, hasta las 15:00H del dĂa 15 de mayo de 2012, de acuerdo con lo establecido en el Reglamento General de la Ley OrgĂĄnica del Sistema Nacional de ContrataciĂłn PĂşblica. La apertura de las ofertas se realizarĂĄÂ una hora mĂĄs tarde de la hora prevista para la recepciĂłn de las ofertas.
El Presupuesto Referencial del canon mĂnimo de arrendamiento mensual es $ 17.500,oo (DIEZ Y SIETE MIL QUINIENTOS DĂ“LARES DE LOS ESTADOS UNIDOS DE NORTEAMÉRICA), sin incluir el IVA con un plazo de arrendamiento de 20 (VEINTE AĂ‘OS), contados a partir de la fecha de firma del contrato.
5. La oferta deberĂĄÂ presentarse por la totalidad de la contrataciĂłn.
La inversiĂłn mĂnima para la elaboraciĂłn y construcciĂłn del proyecto de Centro Comercial es de $ 3.000.000,oo (TRES MILLONES DE DĂ“LARES DE LOS ESTADOS UNIDOS DE NORTEAMÉRICA).
6. La evaluaciĂłn de las ofertas se realizarĂĄÂ aplicando los parĂĄmetros de calificaciĂłn previstos en los Pliegos, conforme lo dispone el artĂculo 54 del Reglamento General de la LOSNCP y el artĂculo 7 de la ResoluciĂłn INCOP No. 013Â09. 7. El canon de arrendamiento fijado se pagarĂĄÂ dentro de los 5 primeros dĂas de cada mes y serĂĄÂ reajustado anualmente a partir del mes de enero del aĂąo 2014, con el Ăndice de inflaciĂłn oficial establecido por el INEC para el aĂąo inmediatamente anterior.
Los pagos de servicios bĂĄsicos serĂĄn de cuenta del arrendatario. Las condiciones generales de esta convocatoria son las siguientes: 1. Los Pliegos estĂĄn disponibles, sin ningĂşn costo, en el portal www.compraspublicas.gov.ec, de conformi dad con lo previsto en el inciso 4 del artĂculo 31 de la Ley OrgĂĄnica del Sistema Nacional de ContrataciĂłn PĂşblica ÂLOSNCPÂ, únicamente el oferente que resulte adjudicado, una vez recibida la notificaciĂłn de la adjudicaciĂłn, pagarĂĄÂ a la entidad el valor de $. 2.000,00 (DOS MIL DOLARES DE LOS ESTADOS UNIDOS DE NORTEAMÉRICA).
8. El procedimiento se ceĂąirĂĄÂ a las disposiciones de la LOSNCP, su Reglamento General, las resoluciones del INCOP y los presentes Pliegos. Â
Â
Â
ING. FERNANDO NARANJO LALAMA PREFECTO PROVINCIAL
Ambato, 31 de marzo de 2012
(/Ŋ#!.+¢%(!. 4 -".Ŋ5(2(3#Ŋ;1# 2Ŋ/1.3#%(" 2Ŋ-.Ŋ #731 (% Ŋ24ŊĄ.1 Ŋ.Ŋ$ 4- ē
Ä€Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
ÄŠ
.Z&#. Ĺ‹ . . /' (.)Ĺ‹ Ĺ‹"# &)Ĺ‹6,.# ) } ĔŊ ĹŠĹŠÄ› ;b iWjƒb_j[ [khef[e
ēŊ Ŋ/+ -3 Ŋ2#Ŋ/4#"#Ŋ2#, 1 1Ŋ#-31#Ŋ+.2Ŋ;1 .+#2Ŋ- 3(5.2Ŋ/.104#Ŋ!1#!#Ŋ ).Ŋ+ Ŋ2., 1 ē
&Ĺ‹ )Ĺ‹, !, - Ĺ‹ Ĺ‹& Ĺ‹ ' 4)(v Ĺ‹ , -#& ˜
ĹŠÄƒ- +(" "ĹŠ#2ĹŠ04#ĹŠ+.2ĹŠ/1."4!3.1#2ĹŠ 3#-% -ĹŠ.31 ĹŠ +3#1- 3(5 ĹŠ/ 1 ĹŠ#5(3 1ĹŠ + ĹŠ% - "#1~ ĹŠ04#ĹŠ"#23148#ĹŠ+ ĹŠ2#+5 Ä“ ĔŊ ĹŠÄ› ;b YWYWe" eh_]_dWh_e
Z[ bW 7cWped‡W o gk[ fheif[# hÂŒ [d ejhWi j_[hhWi XhWi_b[‹Wi" ^W i_Ze h[_djheZkY_Ze [d [ijW h[]_ÂŒd feh W]h_Ykbjeh[i _dj[# h[iWZei [d c[`ehWh ik h[djW o h[\eh[ijWh |h[Wi Z[lWijWZWi$ BW fbWdjW gk[ ZW [b \hkje Z[b gk[ i[ fheZkY[ [b Y^eYebWj[ Yh[Y[ Yed \WY_b_ZWZ [d bW i[blW o ZW kd Wbje X[d[Ă’Y_e Ă’dWd# Y_[he" cej_le feh [b YkWb i[ ^W Yedl[hj_Ze [d Wbj[hdWj_lW fWhW bei fheZkYjeh[i gk[ Wdj[i Z[i# jhk‡Wd bW 7cWped‡W fWhW Wk# c[djWh bei fWij_pWb[i fWhW bW Yh‡W Z[ ]WdWZe$ ÆL_cei gk[ bW ]WdWZ[h‡W de [hW l_WXb[ fehgk[ j[d‡Wcei gk[ gk[cWh c|i Xeigk[ fWhW cWdj[d[h bW fheZkYY_ÂŒd$ ;b YWYWe dei e\h[Y[ ^eo kdW h[d# jW cWoeh gk[ [b ]WdWZeÇ" Z_`e 7bjWc_he F[h[_hW Beh[dpe" gk[ ^WY[ '& W‹ei i[cXhÂŒ )$&&& fbWdjWi Z[ YWYWe [d ik fhef_[# ZWZ Z[ ,( ^[Yj|h[Wi [d [b ck# d_Y_f_e Z[ IWe <ƒb_n Ze N_d]‘" [ijWZe Z[ FWh|$
1."4!!(¢-Ŋ#$#!3(5
BW ikij_jkY_ÂŒd Z[ fWijei feh YWYWe ^W i_Ze h|f_ZW [d IWe <ƒb_n" gk[ WZ[c|i Z[ j[d[h [b cWoeh h[XW‹e Xel_de Z[b fW‡i" Yed Zei c_bbed[i Z[ YWX[pWi Z[ ]WdWZe" [i Yedi_Z[hWZe [b cW# oeh Z[ijhkYjeh Z[ bW 7cWped‡W feh ^WX[h Z[lWijWZe '&$''& a_bÂŒc[jhei YkWZhWZei Z[ i[blW [d bei ‘bj_cei '& W‹ei$ BW fheZkYY_ÂŒd Z[ YWYWe [d [ij[ bk]Wh fWiÂŒ Z[ )+& jed[# bWZWi" [d (&&+" W '$+&& jed[# bWZWi" [d (&'&" i[]‘d ZWjei eĂ’Y_Wb[i gk[ WYh[Z_jWd W Z_Y^e ckd_Y_f_e Yece [b i[]kdZe fheZkYjeh Z[b fW‡i$ #).1#2ĹŠ!.-"(!(.-#2
7Z[c|i Z[ i[h kdW fbWdjW dW# j_lW" [b YWYWe Yh[Y[ W bW iecXhW" cej_le feh [b YkWb bei W]h_Ykb# jeh[i be i_[cXhWd [d c[Z_e Z[ |hXeb[i j‡f_Yei Z[ bW 7cWped‡W" Yece bW YWeXW" be gk[ ]WhWdj_pW bW fh[i[hlWY_ÂŒd Z[ bW i[blW$ ÆBWi YedZ_Y_ed[i Z[ ik[be o Yb_cW [d bW pedW ied Wfhef_W#
#-.2Ŋ(-5#12(¢ŗŊ Ŋ 1 Ŋ+ Ŋ //14ĔŊ+ Ŋ, 8.1Ŋ5#-3 ) Ŋ "#+Ŋ! ! .Ŋ"#Ŋ+ Ŋ , 9.-~ Ŋ#2Ŋ24Ŋ
).ĹŠ!.23.ĹŠ"#ĹŠ/1."4!!(¢-ĔŊ/4#2ĹŠ-.ĹŠ 2#ĹŠ% 23 ĹŠ- " ĹŠ#-ĹŠ$#13(+(9 -3#2ĹŠ-(ĹŠ 04~,(!.2ĹŠ/ 1 ĹŠ 3 ! 1ĹŠ/+ % 2ĹŠ!.,.ĹŠ + ĹŠÄĽ#2!. ĹŠ"#ĹŠ 14) ČĔŊ04#ĹŠ"(#9,¢Ŋ+ 2ĹŠ /+ -3 !(.-#2ĹŠ"#ĹŠ '~ Ä“ #%ĂŒ-ĹŠ 1 -!(2!.ĹŠ .-2#! ĔŊ!..1Äą "(- ".1ĹŠ"#ĹŠ/1."4!!(¢-ĹŠ2423#-3 +#ĹŠ "#ĹŠ+ ĹŠ.1% -(9 !(¢-ĹŠ '#ĹŠ 341#ĹŠ .-Äą 2#15 -!8Ŋĸ ĚŊ#-ĹŠ+ ĹŠ , 9.-~ ĔŊ#-ĹŠ .ĹŠ _+(7ĹŠ2#ĹŠ/4#"#-ĹŠ/+ -3 1ĹŠ' 23 ĹŠ ĎćēćććŊ'#!3;1# 2ĹŠ!.-ĹŠ! ! .Ä“
ZWi fWhW [b YWYWe$ Bei [ijkZ_ei _dZ_YWd gk[ bei Ykbj_lei c|i fhÂŒn_cei W bW b‡d[W Z[b ;YkW# Zeh fheZkY[d [b YWYWe Yed bWi YWhWYj[h‡ij_YWi c|i Wfh[Y_WZWi feh bW _dZkijh_WÇ" i[‹WbW kd [i# jkZ_e Z[b ?dij_jkje Z[b >ecXh[ o [b C[Z_eWcX_[dj[ Z[ 7cWpe# d‡W ?cWped " eh]Wd_pWY_ÂŒd gk[ b_Z[hW fheo[Yjei Z[ Z[iWhhebbe ieij[d_Xb[ [d bW h[]_ÂŒd$ ?cWped fkie [d cWhY^W kd fheo[Yje fWhW Y[hj_Ă’YWh bW fhe# ZkYY_ÂŒd ikij[djWXb[ Z[ YWYWe Z[ bei WieY_WZei Z[ bW 9eef[hWj_lW 7bj[hdWj_lW Z[ bei F[gk[‹ei FheZkYjeh[i HkhWb[i o KhXWdei Z[ IWe <ƒb_n 9Wffhk $
9hoeIWj Z[j[YjÂŒ kd _dYh[c[dje Z[b [if[ieh Z[ bW YWfW Z[ ^_[be Z[ bW 7dj|hj_ZW [d bW h[]_ÂŒd Ye# deY_ZW Yece Ăˆ^_[be WpkbÉ" be gk[ ikfed[ kd YWcX_e Z[ j[dZ[d# Y_W Yed h[if[Yje W bWi c[Z_Y_e# d[i Wdj[h_eh[i" _d\ehcÂŒ h[Y_[d# j[c[dj[ bW 7][dY_W ;ifWY_Wb ;khef[W ;I7 $ BWi c[Z_Y_ed[i Z[b ]heieh Z[b ^_[be [d [iW h[]_ÂŒd" [\[YjkWZWi [d# jh[ '//' o (&&." Z[j[YjWhed kdW Z_ic_dkY_ÂŒd" kdW j[dZ[dY_W gk[ YWcX_ÂŒ [d bWi eXi[hlWY_ed[i Z[b iWjƒb_j[ [djh[ (&&. o (&'&" _dZ_YÂŒ bW ;I7 [d kd Yeckd_YWZe$ .-2#!43(5.ĹŠ
FWhW [b [if[Y_Wb_ijW Z[ bW Kd_# l[hi_ZWZ JƒYd_YW Z[ :h[iZ[" H[_d^WhZ :_[jh_Ya" [b YWcX_e Z[ j[dZ[dY_W fk[Z[ bb[lWh W Yedi[# Yk[dY_Wi _dj[h[iWdj[i i_ i[ cWd# j_[d[ [d bWi i_]k_[dj[i YWcfW‹Wi Z[ c[Z_Y_ÂŒd$ ;b Y_[dj‡ÒYe fh[Y_iÂŒ gk[ bei h[ikbjWZei ied Æfh[b_c_dWh[iÇ [ _dZ_YÂŒ gk[ i[]k_h|d jhWXW`WdZe [d [iW h[]_ÂŒd Z[ bW 7dj|hj_ZW$
ēŊ Ŋ9.- Ŋ#23;Ŋ2(#-".Ŋ $#!3 " Ŋ /.1Ŋ#+Ŋ(-!1#,#-3.Ŋ"#Ŋ+ Ŋ3#,/#1 341 ē
BW h[]_ÂŒd Z[b Ăˆ^_[be WpkbÉ [i [if[Y_Wbc[dj[ _dj[h[iWdj[ fWhW [\[YjkWh c[Z_Y_ed[i fWhW 9hoe# IWj Wb de [ijWh h[YkX_[hjW Z[ d_[# l[" Yece be [ij| bW cWoeh fWhj[ Z[b Yedj_d[dj[$ Feh [ie" bei [gk_fei Z[ c[# Z_Y_ÂŒd Z[b iWjƒb_j[" bWdpWZe ^WY[ kdei Zei W‹ei fWhW l_]_bWh bei YWcX_ei Yb_c|j_Yei [d bei febei" fk[Z[d c[Z_h Yed cWoeh fh[Y_# i_ÂŒd [b ]heieh Z[b ^_[be$
)(. '#( ,ŋ ,v ŋ- ,ŋ'6-ŋ ,)ŋ } ĔŊ Ŋě ;b i[Yh[jWh_e ][d[hWb
Yece [nYkiW fWhW de WYjkWhÇ" _dZ_YÂŒ Wdj[i Z[ WZl[hj_h ieXh[ bW j[djWY_ÂŒd Z[ fh_l_b[]_Wh [b Yehje fbWpe i_d j[d[h [d Yk[djW gk[ ZWZWi" feh [`[cfbe" bWi fh[# l_i_ed[i Z[ gk[ bWi [c_i_ed[i Z[ [\[Yje _dl[hdWZ[he Yh[pYWd kd +& Z[ Wgk‡ W (&+&" ÆbWi Yedi[Yk[dY_Wi Z[ bW _dWYY_ÂŒd i[h‡Wd ]hWl[iÇ$ 7kdgk[ _di_ij_ÂŒ [d bei Z_ife# i_j_lei gk[ Z[X[d f[hc_j_h WlWd# Y[i" Yece _cfk[ijei c[Z_eWc# X_[djWb[i e Z[h[Y^ei Z[ [c_i_ÂŒd" i[ ceijhÂŒ [lWi_le YkWdZe i[ b[ fh[]kdjÂŒ ieXh[ bWi h[i_ij[dY_Wi gk[ ^W ][d[hWZe feh jeZe [b ckdZe bW dk[lW jWiW feh [b 9E( gk[ bW Kd_ÂŒd ;khef[W _cfed[ W bWi YecfW‹‡Wi Wƒh[Wi gk[ lk[bWd 8ĹŠ04#ĹŠ !34 1 ÆBW Yh_i_i de fk[Z[ kj_b_pWhi[ [d ik j[hh_jeh_e$ Z[ bW Eh]Wd_pWY_ÂŒd fWhW bW 9e# ef[hWY_ÂŒd o [b :[iWhhebbe ;Ye# dÂŒc_Ye E9:; " Ă›d][b =khh‡W" f_Z_ÂŒ W c_d_ijhei e h[ifediWXb[i Z[b C[Z_eWcX_[dj[ Z[ kdW YkW# h[dj[dW Z[ fW‡i[i gk[ fWhW ^WY[h \h[dj[ W bei h[jei feh [b Z[j[h_ehe Z[b c[Z_e dWjkhWb Æj_[d[ gk[ iW# b_h c|i YWhe YedjWc_dWh gk[ bWi Wbj[hdWj_lWi c|i l[hZ[iÇ$ =khh‡W" Wb Y_[hh[ Z[ kdW Yed# \[h[dY_W c_d_ij[h_Wb [d bW i[Z[ Z[ bW E9:;" [d FWh‡i" jWcX_ƒd ^_pe kdW WZl[hj[dY_W fWhW [l_jWh gk[ bW Yh_i_i i_hlW fWhW [bkZ_h [b d[Y[iWh_e YWcX_e fWhW W\hedjWh [iei h[jei$
Ä Ä€
Ĺ? Ä€Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
Ŋ2#1(#Ŋ!4#-3 Ŋ 2. 1#Ŋ+.2Ŋ!+ -#2Ŋ 24!(.2Ŋ +Ŋ!.,(#-Ĺ 9.Ŋ"#Ŋ+ Ŋ1#5.+4!(¢-Ŋ ! 231(23 ē Ŋ } ĔŊ ŊŊě BW eij[djW#
$( ĹŠ#-ĹŠ ( ,(ĹŠ
^_ijeh_W Z[ ĂˆCW]_Y 9_joÉ l[hiW ie# Xh[ [b Yh_c[d eh]Wd_pWZe [d C_W# c_ o gk[ =bWp[h Æj_[d[ kd ]hWd h[if[je feh bW ^_ijeh_W Z[ 9kXW fWhW ceijhWhbW Yed Ă’Z[b_ZWZÇ$ =WhY‡W#Beh_Ze _dj[hfh[jW W bW ‘d_YW YkXWdW [d bW i[h_[" C[hY[# Z[i" kdW `el[d Wc_]W Z[ bei ^_`ei Z[b Zk[‹e Z[b ^ej[b gk[ [ijkZ_W fWhW Yedl[hj_hi[ [d WpW\WjW Z[ W[heb‡d[W o jhWXW`W Yece Wi_ij[d# jW [d [b [ijWXb[Y_c_[dje$ Iki ik[‹ei Z[ l_W`Wh o Yede# Y[h [b ckdZe i[ l[h|d Wbj[hWZei Wb f[hZ[h [b YedjWYje Yed ik cW# Zh[ Z[X_Ze W bW h[lebkY_ÂŒd [d bW _ibW YWh_X[‹W$
Y_ÂŒd o [b Yh_c[d eh]Wd_pWZe ZWd \ehcW W bW dk[lW i[h_[ Z[ j[b[l_# i_ÂŒd ĂˆCW]_Y 9_joÉ" kd l_W`[ [d [b j_[cfe W C_Wc_ Wb Yec_[dpe Z[ bW h[lebkY_ÂŒd YWijh_ijW [d 9kXW" gk[ Yk[djW [d ik h[fWhje Yed bW ^_`W Z[b WYjeh 7dZo =WhY‡W" :e# c_d_a =WhY‡W#Beh_Ze$ ,.!(.- +ĹŠ BW jhWcW i[ Z[iWhhebbW [d [b ;d be f[hiedWb" bW WYjh_p Wi[]khÂŒ bk`eie >ej[b C_hWcWh FbW# gk[ c|i Wbb| Z[b Z[iW\‡e oW [d C_Wc_ 8[WY^" Y[djhe ĹŠ Whj‡ij_Ye gk[ ikfed[ ĂˆCW# Z[b [ifb[dZeh _dceX_b_Wh_e ]_Y 9_joÉ" [b fheo[Yje j_[d[ kd \k[hj[ Yecfed[dj[ Z[ h[Y_[dj[ YedijhkYY_ÂŒd
ĹŠ2#1(#ĹŠ2#ĹŠ#231#Äą [ceY_edWb$ ZedZ[ YedĂ“ko[d \Wceiei" - 1;ĹŠ#+ĹŠ/1¢7(,.ĹŠ cW\_eiei" c_bbedWh_ei o ".,(-%.ĹŠ#-ĹŠ+ ĹŠ ÆJeZe Wgk[bbe gk[ fWiÂŒ W][dj[i Z[ bW 9?7" be gk[ 2# +ĹŠ/ % " ĹŠ"#ĹŠ bW h[lebkY_ÂŒd YWijh_ijW .5(#ĹŠ (38ĔŊ#-ĹŠ ][d[hW kd YÂŒYj[b fej[dY_Wb '.1 1(.ĹŠ 1(,#ĹŠ [ij| W‘d cko l_le [d c_ (,#ēŊ fWhW YedĂ“_Yjei$ \Wc_b_W" o feZ[h _dj[hfh[# jWh W kdW ck`[h W\[YjWZW feh [ie [d Wgk[b cec[dje [i +ĹŠ!4+# 1¢-ĹŠ @[Ăľh[o :[Wd Ceh]Wd ĂˆMWjY^# Wb]e gk[ [ij| cko Y[hYW Z[ c_ Ye# c[dÉ o Eb]W Akhob[dae ĂˆGkWd# hWpÂŒdÇ" [nfb_YÂŒ =WhY‡W#Beh_Ze$ H[YehZÂŒ gk[ iki WXk[bei i[ jkc e\ IebWY[É _dj[hfh[jWd W bW fWh[`W Wb \h[dj[ Z[b ^ej[b o [dYW# _dijWbWhed [d C_Wc_ Z[X_Ze Wb X[pWd kdW i[h_[ Yh[WZW feh C_j# YWcX_e Z[ ]eX_[hde [d 9kXW o Y^ =bWp[h" Wkjeh Z[b ]k_ed" o gk[ gk[ iki fWZh[i W‘d dWY_[hed [d i[]‘d =WhY‡W#Beh_Ze YWh[Y[ Z[ bW _ibW" Wkdgk[ i[ Yh_Whed [djh[ j_dj[i feb‡j_Yei f[i[ W j[d[h cko C_Wc_ 8[WY^ o 9Woe L_pYW‡de$ fh[i[dj[ [b WiY[die Wb feZ[h Z[ Æ7dj[i Z[ ]hWXWh [b fhe]hWcW \k_ W l[h W c_ WXk[bW o c[ i[djƒ <_Z[b 9Wijhe [d 9kXW$ ÆI[ Yk[djWd bei ^[Y^eiÇ" Z_`e Yed [bbW fWhW l[h \ejei o ^WXbWcei bW WYjh_p" gk[ _di_ij_ÂŒ [d gk[ bW Z[ bWi `eoWi gk[ i[ bb[lWXWdÇ" i[]‘d
ĹŠ
#%.!(.ĹŠ1#".-".ĹŠ
Ĺ—ĹŠ ĹŠĹŠ8h_jd[o If[Whi l[dZ_ÂŒ ik cWdi_ÂŒd [d [b bk`eie XWhh_e Z[
ēŊ #Ă1#8Ŋ # -Ŋ .1% -Ŋ8Ŋ +% Ŋ 418+#-*.ēŊ
bW WYjh_p gk[ WlWdpÂŒ gk[ [b fh_c[h YWf‡jkbe jhWdiYkhh[ [d [b cec[d# je [d [b gk[ [b fh[i_Z[dj[ <kb][d# Y_e 8Wj_ijW WXWdZedW bW _ibW$ .,/.-#-3#ĹŠ'(23¢1(!.
BW ^k_ZW Z[b CWdZWjWh_e i[ fhe# ZkY[ [d bW DeY^[l_[`W Z[ '/+." c_[djhWi gk[ [d C_Wc_ bei WZ_# d[hWZei ^kƒif[Z[i Z[b C_hWcWh FbWoW h[Y_X[d [b dk[le W‹e Yed Wb]WhWX‡W$ ;b Yecfed[dj[ ^_ijÂŒh_Ye [ij| _]kWbc[dj[ cko fh[i[dj[ W bW ^ehW Z[ WcX_[djWh bei Z[# YehWZei o [b l[ijkWh_e" [d [b gk[ [b [gk_fe Z[ fheZkYY_ÂŒd fkie ckY^e [cf[‹e" i[]‘d YedjÂŒ =WhY‡W#Beh_Ze$ ÆIed cko fh[Y_iei" [ij| jeZe WZWfjWZe W bW ƒfeYWÇ" i[‹WbÂŒ" o [nfb_YÂŒ" feh [`[cfbe" gk[ bW hefW _dj[h_eh gk[ i[ [cfb[W o de i[ l[ [d fWdjWbbW [i _Zƒdj_YW W bW Z[ bei W‹ei +& o ,&$
- Ŋ%1 -Ŋ/1."4!!(¢-
ĂˆCW]_Y 9_joÉ i_]k[ Wi‡ bW c_icW [ij[bW gk[ bW [n_jeiW ĂˆCWZ C[dÉ" ]WdWZehW Z[ YkWjhe fh[c_ei ;cco Yedi[Ykj_lei Yece C[`eh i[h_[ o gk[ h[ikY_jÂŒ [b _dj[hƒi feh bW ceZW Z[ [i[ c_ice f[h‡eZe [d ;;$KK$" Wkdgk[ c|i Wbb| Z[ bW [ijƒj_YW ]kWhZWd feYe fWh[Y_Ze$ ;d ĂˆCW]_Y 9_joÉ Æ^Wo c|i lW# h_[ZWZ Z[ f[hiedW`[i gk[ [d ĂˆCWZ C[dÉ" Z[iZ[ ^ecXh[i Z[ d[]eY_ei ^WijW fheij_jkjWi" ][dj[ kd_\eh# cWZW$ 7gk‡ j[d[cei kd Yb_cW jhef_YWb o i[ l[d ckY^ei jhW`[i Z[ XW‹eÇ" WYbWhÂŒ =WhY‡W#Beh_Ze gk[ Z_`e de ^WX[h h[Y_X_Ze d_d# ]‘d Yedi[`e [if[Y_Wb Z[ ik fWZh[ fWhW ^WY[h ik fWf[b" iebe gk[ \k[i[ Æfh[fWhWZWÇ$ BW fh_c[hW j[cfe# hWZW Z[ ĂˆCW]_Y 9_joÉ i[ [ijh[dWh| [b , Z[ WXh_b [d IjWhp o YedijWh| Z[ eY^e YWf‡jkbei" i_ X_[d [b YWdWb oW ^W ZWZe bkp l[hZ[ W kdW i[]kdZW j[cfehWZW Z[ '& [f_ieZ_ei$
8[l[hbo >_bbi" [d Bei Ă›d][b[i" feh c|i Z[ *"( c_bbed[i Z[ ZÂŒbWh[i" kdW YWdj_ZWZ cko ikf[h_eh Wb fh[Y_e Z[ iWb_ZW [d [b gk[ i[ jWiÂŒ bW fhef_[ZWZ" _d# \ehcÂŒ JCP$ BW YWdjWdj[ fkie ik _dck[Xb[ [d [b c[hYWZe feh ("/ c_bbed[i Z[ ZÂŒbWh[i o Wb Ă’dWb ]WdÂŒ YWi_ [b ZeXb[$ ĹŠ
-ĹŠ#+ĹŠ 1( #ĹŠ
Ĺ—ĹŠ ĹŠĹŠBWi ^[hcWdWi [ijWZek# d_Z[di[i A_c" A^be[ o Aekhjd[o AWhZWi^_Wd i[ [dYk[djhWd [d kd [nYbki_le [dYbWl[ jkh‡ij_Ye Z[ H[f‘Xb_YW :ec_d_YWdW jhWXW`WdZe [d bW Ă’bcWY_ÂŒd Z[ bW dk[lW j[cfe# hWZW Z[ bW i[h_[ Z[ j[b[l_i_ÂŒd ĂˆA[[f_d] kf m_j^ J^[ AWhZWi# ^_WdiÉ" _d\ehcWhed c[Z_ei Z_]_jWb[i beYWb[i$
ĹŠ ĹŠ
ÄĽ .4-"31 !*ÄŚĹŠ"#ĹŠ ÄĽ (3 -(!ÄŚĹŠ+#ĹŠ" ĹŠ -;42# 2ĹŠ
ĹŠ : ĹŠ Ä› BW fhejW]e# d_ijW Z[b jWgk_bb[he Ă’bc[ WZc_j_ÂŒ gk[ b[ [djhWd Æ]W# dWi Z[ lec_jWhÇ YWZW l[p gk[ [iYkY^W ĂˆCo ^[Whj m_bb ]e edÉ" bW Yƒb[Xh[ YWd# Y_ÂŒd Z[ 9[b_d[ :_ed gk[ \ehcW fWhj[ Z[ bW XWdZW iedehW Z[ bW Y_djW$ BW WY# jh_p" ]WdWZehW [d (&&/ Z[b âiYWh" [nfb_YÂŒ gk[ [i[ \Wceie j[cW fWh[Y[ f[h# i[]k_hbW feh ZedZ[gk_[hW gk[ lW" i[]‘d h[Ye]_ÂŒ bW [Z_Y_ÂŒd Z_]_jWb Z[ KI CW# ]Wp_d[$ ĹŠ
7H%'&.+
ŏĀāŏ ŏ ŏ ŏĂĀāĂ
ŏ +. ŏ
āā
āĂ
ŏĀāŏ ŏ ŏ ŏĂĀāĂ
ŏ +. ŏ
7H%'&.+
ŏĀāŏ ŏ ŏ ŏĂĀāĂ
ŏ +. ŏ
āă
āą
ŏĀāŏ ŏ ŏ ŏĂĀāĂ
ŏ +. ŏ
7H%'&.+
ŏĀāŏ ŏ ŏ ŏĂĀāĂ
ŏ +. ŏ
āĆ
ŏĀāŏ ŏ ŏ ŏĂĀāĂ
ŏ +. ŏ
7H%'&.+
āć
+#,#-3.2ĹŠ- 341 +#2ĹŠ 8ĹŠ24ĹŠ(-$+4#-!( ĹŠ9."( ! + Ä“ š BW CWZh[ DWjkhWb[pW j_[d[ kdW [d[h]‡W jWd ]hWdZ[ o [if[Y_Wb gk[ bW YWdWb_pW W jhWlƒi Z[ iki YkWjhe [b[c[djei X|i_Yei0 \k[]e" j_[# hhW" W_h[ o W]kW$ Feh ikfk[ije" Wb j[d[h YWhWYj[h‡ij_YWi Z_\[# h[dj[i jWcX_ƒd _d\bko[d Z[ \ehcW Z_ij_djW [d iki l_ZWi o" c|i fh[Y_iWc[dj[" [d iki i_]# dei peZ_WYWb[i$ Feh [`[cfbe" bei i_]dei Z[ \k[]e ied 7h_[i" B[e o IW]_# jWh_e1 bei Z[ j_[hhW ied JWk# he" L_h]e o 9Wfh_Yehd_e1 bei Z[ W_h[ ied =ƒc_d_i" B_XhW o 7YkWh_e1 o bei Z[ W]kW ied 9|dY[h" ;iYehf_e o F_iY_i$ ÂľF[he Z[ gkƒ cWd[hW _dĂ“ko[ ik [b[c[dje l_jWb5
+ĹŠ/."#1ĹŠ"#+ĹŠ$4#%.
l_ZWZ Yece [b jhWXW`e$ Ik \k[]e _dj[h_eh jWcX_ƒd [i kdW ]hWd fW# bWdYW fWhW WbYWdpWh bWi c[jWi gk[ i[ fhefed[d$ +ĹŠ/."#1ĹŠ"#ĹŠ+ ĹŠ3(#11
Fhel[[ Z[ kdW \k[hj[ YWfWY_ZWZ h[# Ykhi_lW" Z[ jWb cWd[hW gk[ gk_[d[i be Z[j[djWd fk[Z[d YebeYWhi[ W bW YWX[pW Z[ kdW [cfh[iW k eh]Wd_# pWY_ÂŒd ]hWY_Wi W ik \h_WbZWZ Z[ f[d# iWc_[dje$ ;ijWi f[hiedWi i_[cfh[ j_[d[d W^ehhei o [d c|i Z[ kd YWie ied cko f[]WZei W bWi YeiWi cWj[# h_Wb[i$ ;b fheXb[cW [i gk[ YkWdZe i[ Z[iWhhebbW ckY^e Wf[]e feh [ij[ j_fe Z[ h_gk[pW i[ fk[Z[ Z[`Wh fWiWh be c|i _cfehjWdj[$ +ĹŠ/."#1ĹŠ"#+ĹŠ (1#
8h_dZW kd fb[de i[dj_Ze Z[ b_X[hjWZ ēŊ .2Ŋ#+#,#-3.2Ŋ"#Ŋ+ Ŋ (#11 Ŋ2.-Ŋ(,/.13 -3#2Ŋ#-Ŋ+ Ŋ5(" Ŋ#2/(1(34 +ēŊ
Ä€Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. ÄŒĹ?
Ä Äˆ
[ _dZ[f[dZ[dY_W$ 7i‡" bWi f[hie# dWi _dĂ“k_ZWi feh [ij[ [b[c[dje [nfh[iWd iki ef_d_ed[i Z[ kdW \ehcW cko Z[i_d^_X_ZW fWhW Wb# ]kdei" i_[cfh[ Yed [ifedjWd[_# ZWZ o Ykh_ei_ZWZ feh XkiYWh c|i YedeY_c_[dje o [nfh[iWhbe Yed bW c_icW Ă“k_Z[p W bei Z[c|i$ I_d [cXWh]e" bW [beYk[dY_W de [i i_# dÂŒd_ce Z[ l[hZWZ o fk[Z[ ^WY[h gk[ ^WijW gk_[d bW fhWYj_YW i[ Yh[W iki fhef_ei Wh]kc[djei o f[gk[ Z[ jepkZe o Whhe]Wdj[$ +ĹŠ/."#1ĹŠ"#+ĹŠ %4
Gk_[d[i ^Wd dWY_Ze XW`e kd i_]de Z[ [ijei YWi_ i_[cfh[ ied bei c|i i[di_Xb[i" h[Y[fj_lei [ _djk_j_lei Z[ jeZei o" feh jWdje" j_[d[d c|i Z[iWhhebbWZe [b i[nje i[dj_Ze$ F[he Wb ]k_Whi[ feh ik f[hY[fY_Œd [ _djk_Y_Œd c|i gk[ feh ik fWhj[ hWY_edWb" jWcX_ƒd ied bei c|i [ceY_edWb[i$
!2
BWi f[hiedWi Yed j[dZ[dY_W W i[h _dĂ“k_Zei feh [ij[ [b[# c[dje ik[b[d i[h cko _c# fkbi_lWi" []eYƒdjh_YWi" W]h[# i_lWi" Y[beiWi o Zec_dWdj[i" W jWb fkdje gk[ fk[Z[d bb[# ]Wh W Yh[[hi[ ikf[h_eh[i W gk_[d[i bei heZ[Wd" ieXh[ jeZe [d WcX_[dj[i ZedZ[ f[hY_X[d cWoeh Yecf[j_j_#
¡
Ċŋ
?% D8I:<CF D<A@8 I% _d\a`X7cX_fiX%Zfd%\Z
āĉ
Āāŏ ŏ ŏ ŏĂĀāĂŏ
ŏ +. Čŏ
APÓCOPE DE MAMÁ
SEGUNDA
ANTES DE CRISTO SÍMBOLO DE
VOCAL
ESTADO DE BRASIL
BROMO
SERPIENTE
SOCIEDAD
IGUALDAD EN
BELLACO
ANÓNIMA
VENENOSA
LA SUPERFICIE
EMBROLLO COGER,
ASTADO CAMPEÓN
ASIR
DONAR
ATADO,
ACTOR DE LA
LIBRO SAGRADO
FÁBULA,
HIGH SCHOOL MUSICAL
SUJETO
PELÍCULA
LEYENDA
MAHOMETANO
VOZ DE ARRULLO CONTAR, NARRAR
CARRO EN
MONEDA DE EE. UU. HERMANO DE ABEL
INGLÉS
CAPITAL DE ITALIA QUE PADECE DE TARA FÍSICA HEMBRA DEL LORO
FURIA
AUREOLA,
PATRIARCA DEL DILUVIO
HUESO DE LA
DIADEMA CADERA
APARATO PARA
AJUSTE, PACTO
FOTOGRAFIAR
4_ũ"(!#ũ+ ũ%#-3# ĔũĉćĖćć
ũKd fhe]hWcW \Wc_b_Wh gk[ ŗũ YecX_dW fh[]kdjWi _dj[h[iWd#
ŗũũ<b[jY^[h H[[Z [i kd WXe]W# Ze [n_jeie gk[ ]WdW jeZei iki `k_Y_ei [d XWi[ W bW c[dj_hW$ :_lehY_WZe o fWZh[ Z[ kd d_ e" i_[cfh[ fkie ik fhe\[# i_ d [d fh_c[h bk]Wh$ >WijW gk[ ik ^_`e" CWn" Z[i[W gk[ ik fWZh[ fWi[ feh be c[dei kd Z W i_d c[dj_h$ Ik f[Z_Ze i[ h[Wb_pW" f[he bW dk[lW Yecfkb# i_ d Z[ <b[jY^[h Z[ iebe Z[Y_h bW l[hZWZ be ^Wh| fWiWh feh i[h_ei fheXb[cWi [d bW Yehj[$
ATRÁS
CONVERSACIÓN FALDA INDÍGENA
MAQUE
INTRIGA
R
I
R
R
L
E
O
N
CASA, RESIDENCIA
ACTRIZ
Y MODELO DE ESTADOS UNIDOS
L
E
G
N
I
R
O
D
O
ARGOLLA
O SECO, ESTÉRIL
Z
VOLCÁN DE ITALIA
S
A
E
R
R
T
ELEVAR
O
M
GRAN EXTENSIÓN DE ARENA CARRO EN INGLÉS
R
A
D
R
A
J
A
PERRO
A G
O
R
A
APUNTAR, ACENTAR
E
INTRIGA
A
GRANDE
LIMAR, RALLAR
ABREVIADO
MISIVA
APÓCOPE DE
A
SEÑOR
Y
PIEZA CÚBICA
N
QUÍMICO DE SÍMBOLO IR.
R FALLECER
NAVE
O
R A
M TASÍN
NOVENO
COMER
INGLÉS
D
N
D
I
PUERTA EN
M
I
COMBATE
D
AFLUENTE
A
A
O I
A
L
C
DIOSA DE LA TIERRA
DRAMATURGIA
PEÑASCO
ACCIÓN DE
PIÉLAGO
VERDADERO
ARAR
T
O
A
D
C
A
A
C
VOCALES
E
A
EXTENSIÓN
A
D
O
T
A
ÓNICE
R
A MEDIDA DE LONGITUD IDEA, CONCEPTO
N O
DE ITALIA
I
O UNO EN INGLÉS
RATA EN INGLÉS
T
A
A
R
LOCALIZADOR
QUE DA
O
C
A
D
A
D
O
R
AVE PASERIFORME
DE LAS ISLAS CANARIAS
ACTOR DE LA PELÍCULA
EL DISCURSO DEL REY
L
C
O
L
I
N
A
R
E
O
IGUAL
C
N
S AFJ< KIL<K8 (/0. $ (0.. A :@ILA8EF <JG8zFC% @;<ä ;@M<IJ8J Ky:E@:8J H S G8I8 <C KI8K8D@<EKF ;< ?<I@;8J%IFI% C
A
AFAN, FOGOSIDAD
NEFASTO,
R
MAQUE
L
FUNESTO
LIEBRE DE LA PATAGONIA
O
M
PARTE INFERIOR
FANGO, BARRO
A
O
N
A
A
D
I
C
A
R
O
O
A
L
A
DEL TEJADO
AMAR, QUERER
T
L
R
OGAR
ÍMBOLO DE CARBONO
SEGUIDAS
QUERER, AMAR
RÍO DE PERÚ
HUELGA
CREMA DE LA
I
FIANZA, GARANTÍA DIOSA DE LA TIERRRA
BULTO, PACA
F
PRINCESA INCA
PELDAÑO
B
A
T
A
R
O
U
D
A
L
O
1
5 7
3
4
9
2
4 3
6
5 3 9 2
2 4 8 1 5 4 6 1 9
3
5
7 8 6 1 4 5 1 2 8 7 9 8 5 3 1 6 7 1 4 7 9 2 8 2 9 6 4 5 3
3
6
2 7
9 8
8 1 2 9 5 3 6 4 9 4 2 6 5 3 8 1 7 7
A
L
T
A
F
R
I
HOMBRE DE GRAN SABIDURÍA LISTA
AUREOLA, CORONA MARSUPIAL AUSTRALIANO
PALMA DE CANARIAS RENOMBRE,
CIUDAD DE VENEZUELA PEREZOSO DEL BRASIL
: ũũ
CELEBRIDAD
CHIFLADO
ALTAR
RAÍZ EN
ANTORCHA
INGLÉS
EMBRIAGADO,
LECHO SÍMBOLO DE
R
A
R
BEODO
O
ESTADO DE VENEZUELA ALFA
T
GALLARDO,
O
L
A
H
ADONIS
NOBELIO
5
6 3 5
7
9 5 2 5 2 3 6 7 2 4 8 4 9 2 5 9 1 3 1 7 4 7 6 3 8
: ũ }
42! -ũ/.2( +#ũ5(" ũ#-ũ 341-. Æ;i [b bk]Wh c|i fhec_ieh_e gk[ YedepYe fWhW kdW X igk[ZW Wi# jheX_eb ]_YW$ D_ i_gk_[hW d[Y[i_# jWcei hWiYWh bW ikf[hÒY_[$ FeZ[# cei lebWh o jecWh ck[ijhWi$ E feZ[cei Wj[hh_pWh [d bW ikf[hÒ# Y_[" XkiYWh o iWYWh bW b[d]kWÇ" [n# fb_Y 9Whebod FehYe" W YWh]e Z[b [gk_fe Z[ _c|][d[i [d 9Wii_d_$ BW iedZW ^_pe ik fWiWZW c|i XW`W ieXh[ [b febe ikh Z[ bei ] _# i[h[i Z[ ;dY bWZe W kdW Wbj_jkZ Z[ -* a_b c[jhei" be gk[ b[ f[h# c_j_ YWfjWh bei Y^ehhei Z[ lWfeh Z[ W]kW o ^_[be gk[ bW bkdW bWdpW
ĸ, 8.ũĉĈũıũ)4-(.ũĉĈĹ
.2ũ-#%.!(.2ũ"# #-ũ2#1ũ, -#) ".2ũ !.-ũ(-3#+(%#-!( ũ8ũ/14"#-!( ũ/ 1 ũ 2~ũ , -3#-#1+.2ũ#-ũ#04(+( 1(.ēũ Ėũ
ũ+( #13 "ũ-.ũ!.-2(23#ũ#-ũ' !#1ũ+.ũ04#ũ2#ũ 04(#1#Ĕũ2(-.ũ#-ũ' !#1ũ+.ũ04#ũ2#ũ"# #ē
LECHE
NAPOLITANO HIJO DE DÉDALO
O
^ ũ
DEPARTAMENTO DE PERÚ
COFRE, ARCA
AFÉRESIS DE
Ċŋ 2 4
6
R
D
N
CELEBRIDADES A
8
A
APARATO RADIO-
EL SER INDIVIDUAL QUE TIENE CAL
7
E
R
N AUDIO
G
^WY_W [b [ifWY_e$ I[] d bei Y_[dj \_Yei" ^Wo fhk[XWi Z[ gk[ [iei Ók`ei ied Wb_c[djWZei feh kd eY Wde Z[ W]kW b gk_ZW XW`e bW YWfW [nj[hdW Z[ ^_[be Z[ ;dY bWZe gk[ feZh W [ijWh [d YedjWYje Yed [b d Yb[e heYeie Z[ bW bkdW$ ;i[ fej[dY_Wb eY Wde ^WY[ Z[ [ijW bkdW kd eX`[j_le W d c|i _cfehjWdj[ [d bW X igk[ZW Z[ l_ZW \k[hW Z[b i_ij[cW iebWh oW gk[ bWi heYWi feZh Wd WfehjWh Wb eY Wde bei _d]h[Z_[dj[i gk c_# Yei gk[ i[ Yedi_Z[hWd [i[dY_Wb[i
ĸ$# 1#1.ũĉćũıũ, 19.ũĉćĹũ !3Ì#ũ!.-ũ2#1#-(" "ũ8 ũ04#ũ#23#ũ#2ũ#+ũ ,#).1ũ,_3.".ũ/ 1 ũ!.-2#15 1ũ#-ũ 4#-ũ#2ı 3 ".ũ24ũ2 +4"ēũ 4("#ũ24ũ'~% ".Ĕũ/4+,.-#2ũ 8ũ!(1!4+ !(¢-ēũ Ėũ +ũ5 +.1ũ-.ũ#2ũ + ũ 42#-!( ũ"#ũ,(#".Ĕũ2(-.ũ+ ũ!.-04(23 ũ8ũ 24/#1 !(¢-ũ"#+ũ,(2,.ē
ĸ 1(+ũĉćũıũ, 8.ũĉćĹ 4ũ,#-3#ũ2#1;ũ;%(+ũ/#1.ũ"# #ũ31 3 1ũ"#ũ , -3#-#1+ ũ ).ũ!.-31.+ũ8 ũ04#ũ3#-"1;ũ ũ2#1ũ#7 %#1 " ēũ 1.!41#ũ, -3#-#1ũ4- ũ 1#+ !(¢-ũ 1,.-(.2 ũ"#ũ'#1, -.2ēũ ı Ėũ .3 ũ ũ%.3 ũ2#ũ!1# -ũ+.2ũ+ %.2ē ũ
INGLÉS
Solución anterior
ũũ
ũũ
RATA EN
MAMÍFERO MUSTÉLIDO
A
ĔũĈćĖČć
ANDAR HACIA
DISCURSO,
ATALAYA RÍO DEL ECUADOR
ĸ#-#1.ũĉćũıũ$# 1#1.ũĈĒĹ #24#+5 ũ!.-ũ31 -04(+(" "ũ#ũ(-3#+(%#-!( ũ +.2ũ/1. +#, 2ũ04#ũ2#ũ/1#2#-3#-ũ#-ũ24ũ , 31(,.-(.ēũ 5(3#ũ !34 1ũ(,/4+2(5 ,#-3#ē Ėũ ũ5(134"ũ#2ũ#+ũ 13#ũ"#ũ5(5(1ũ (#-ũ8ũ!.-ũ1#!3(34"ē
ĸ, 19.ũĉĈũıũ 1(+ũĈĒĹ 1.!41#ũ, -3#-#1ũ+ ũ/ !(#-!( ũ8ũ31 -ı 04(+(" "ũ#-ũ+.2ũ 24-3.2ũ1#+ !(.- ".2ũ ũ 24ũ'.% 1ēũ .1ũ '.1 ũ#5(3#ũ+.2ũ-#%.!(.2ũ"#ũ (#-#2ũ1 ~!#2ēũ Ėũ " ũ04(_-ũ#2ũ '().ũ"#ũ242ũ. 1 2ē
INGLÉS
TACHA QUE TIENE ALAS
ũũ
ũũ
OPRIMIR
CERVEZA EN
ENVASE,
PELÍCULA LOS EXTRAÑOS
j[i" Xk[d ^kceh" Yecf[j[dY_W o ]hWdZ[i fh[c_ei$ ;b `k[]e YedijW Z[ Zei [gk_fei" YWZW kde \ehcWZe feh kdW \Wc_b_W Z[ Y_dYe c_[cXhei$ ;b c[n_# YWde CWhYe 7djed_e H[]_b [i [b YWh_ic|j_Ye YedZkYjeh$ BWi fh[]kdjWi o h[ifk[ijWi i[ ZWd [d XWi[ Z[ [dYk[ijWi h[Wb_pW# ZWi W '&& ^_ifWdei hWZ_YWZei [d ;ijWZei Kd_Zei$
#-3(1.2.Ĕũ ,#-3(1.2.
DOBLEGAR,
AGREDIR
ACTRIZ DE EE. UU. DE LA
Ġ !(¢ũ4-ũ"~ ũ!.,.ũ'.8ğ
"ēũ/.2##ũ4- ũ/#12.- +(" "ũ$4#13#ũ8ũ "#!("(" ũ04#ũ/4#"#ũ(-3(,(" 1ũ ũ+.2ũ"#,;2ēũ #ũ!.-.!#ũ/1.$4-" ,#-3#ũ ũ "ēũ,(2,.ũ +.ũ!4 +ũ+#ũ" 1;ũ4- ũ%1 -ũ5#-3 ) ũ#-ũ3." 2ũ + 2ũ;1# 2ũ"#ũ24ũ5(" ēũ
DESPUÉS DE
fWhW bW l_ZW$ Æ;i YkWdZe bW [hkfY_ d bb[]W Wb [ifWY_e gk[ feZ[cei jecWh ck[ijhWi$ Ik[dW _dYh[ Xb[" f[he ieXh[ bW ikf[hÒY_[ Z[ [ij[ f[gk[# e ckdZe feZh Wd [ijWh bbel_[d# Ze c_YheX_eiÇ" W WZ_ $ 889
}
#1%#(ũ !', -(-.5 ĸĈđĐĊıĈĒČĊĹ
ũũF_Wd_ijW o Yecfei_jeh hkie ŗũ dWY_edWb_pWZe [ijWZekd_Z[d#
i[ dWY[ kd Z W Yece ^eo [d Ed[]$ 7kjeh Z[ bWi \WceiWi È:WdpWi i_d\ d_YWiÉ i[ ]Wd [b Wfh[Y_e Z[ _dj hfh[j[i o f # Xb_Yei Z[ jeZe [b ehX[ feh ik i_d]kbWh _dif_hWY_ d c[b Z_YW o ik [cej_lW [nfh[i_l_ZWZ$ 9e# deY_Ze ckdZ_Wbc[dj[ feh ik È9edY_[hje fWhW f_Wde d c$ (É jkle gk[ [n_b_Whi[ [d ;;$KK$ Yed ik \Wc_b_W feh [b WYeie Z[ bW h[lebkY_ d iel_ j_YW$ Ik bW# Xeh Yece Yecfei_jeh i[ l_e YWi_ WdkbWZW Z[iZ[ [djedY[i fk[i fWhW ikXi_ij_h i[ Z[Z_Y W e\h[Y[h YedY_[hjei Z[ f_Wde gk[ b[ ]hWd`[Whed kdW ]hWd fefkbWh_ZWZ$
ĸ)4-(.ũĉĉũıũ)4+(.ũĉĉĹ +ũ"(-#1.ũ"# #1;ũ2#1ũ ",(-(231 ".ũ!.-ũ ! 43#+ ēũ .ũ!.-$~#-ũ#-ũ#+ũ 9 1ũ#-ũ#23#ũ ,.,#-3.ũ8 ũ04#ũ2¢+.ũ+#ũ.! 2(.- 1;ũ (-!.-5#-(#-3#ēũ Ėũ (ũ+.2ũ/#11.2ũ + "1 -ũ#2ũ2# +ũ"#ũ04#ũ 5 -9 ,.2ē
ũũ
ĸ)4+(.ũĉĊũıũ %.23.ũĉĉĹũ .1ũ '.1 ũ"# #ũ#5(3 1ũ!4 +04(#1ũ2(34 !(¢-ũ 04#ũ/4#" ũ1#24+3 1ũ1(#2%.2 ēũ ũ !3(5(" "ũ $~2(! ũ/4#"#ũ 84" 1ũ ũ,#).1 1ũ#+ũ;-(,.ēũ Ėũ +ũ/#2(,(23 ũ2#ũ04#) ũ"#+ũ 5(#-3.Ĕũ#+ũ./3(,(23 ũ#2/#1 ũ04#ũ! , (#Ĕũ#+ũ 1#+(23 ũ )423 ũ+ 2ũ5#+ 2ē
ũũ
ĸ %.23.ũĉĊũıũ2#/3(#, 1#ũĉĉĹ -3#ũ+.2ũ(-!.-5#-(#-3#2ũ4"ēũ"# #ũ, -3#ı -#1ũ+ ũ2#1#-(" "ũ8ũũ!.,/.2341 ũ8 ũ04#ũ#+ũ +3#1 12#ũ-.ũ1#24#+5#ũ- " ēũ Ėũ
ũ5#1" "#1 ũ +#%1~ ũ- !#ũ"#ũ+ ũ 4#- ũ !.-!(#-!( ē
ũũ
ĸ2#/3(#, 1#ũĉĊũıũ.!34 1#ũĉĉĹ 42ũ/1.8#!3.2ũ2.-ũ , (!(.2.2ũ/#1.ũ-#!#ı 2(3 1;-ũ3(#,/.ũ8ũ/ !(#-!( ũ/ 1 ũ04#ũ"#-ũ +.2ũ1#24+3 ".2ũ04#ũ4"ēũ 2/(1 ēũ Ėũ 4(#-ũ /4-3 ũ +ũ!(#+.Ĕũ2(#,/1#ũ" ũ#-ũ#+ũ + -!.ē
ũũ
ĸ.!34 1#ũĉĊũıũ-.5(#, 1#ũĉĈĹũ !3Ì#-ũ!.-ũ2#1#-(" "ũ#ũ(-3#+(%#-!( ũ"#-ı 31.ũ"#ũ24ũ/1.$#2(¢-ēũ 1.!41#ũ2#1ũ#!4;-(,#ũ 8ũ)423.ũ!.-ũ+ 2ũ/#12.- 2ũ ).ũ24ũ, -".ēũ Ėũ .2ũ24# .2ũ8ũ+ ũ/#12#5#1 -ı !( ũ2.-ũ4- ũ/."#1.2 ũ!., (- !(¢-ē
ũũ
ĸ-.5(#, 1#ũĉĉũıũ"(!(#, 1#ũĉĈĹũ -3#-% ũ4- ũ1#+ !(¢-ũ!.1"( +ũ8ũ ,#- ũ !.-ũ/#12.- 2ũ#731 -)#1 2ēũ 5(3#ũ+ 2ũ"(2!4ı 2(.-#2ũ04#ũ3#-% -ũ04#ũ5#1ũ!.-ũ!1##-!( 2ũ 1#+(%(.2 2ēũ Ėũ ũ5#!#2ũ+.2ũ $1 ! 2.2ũ2.-ũ#+ũ31 ,/.+~-ũ ũ+.2ũ_7(3.2ē
ũũ
ĸ"(!(#, 1#ũĉĉũıũ#-#1.ũĈĒĹ
.2ũ 24-3.2ũ1#+ !(.- ".2ũ ũ"(-#1.ũ"#ũ24ũ / 1#) ũ/4#"#-ũ2#1ũ3#-2(.- -3#ũ/.1ũ+.ũ04#ũ 2#ũ"# #1;ũ' !#1ũ+.2ũ! , (.2ũ-#!#2 1(.2ēũ Ėũ .ũ04#ũ#2ũ #++.ũ#2ũ 4#-.Ĕũ8ũ+.ũ 04#ũ#2ũ 4#-.Ĕũ-.ũ3 1" 1;ũ#-ũ2#1ũ #++.ēũũ
Ä ÄŠ
ēŊ 18 -Ŋ"41 -3#Ŋ+ Ŋ /1#/ 1 !(¢-Ŋ/ 1 Ŋ+ Ŋ!.,/#Ĺ 3#-!( Ŋ#-Ŋ 4(3.ē
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?Ä€Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. Ĺ?
(!'(-!' ĹŠ ".,(-¢Ŋ#-ĹŠ+ ĹŠ ,." +(" "ĹŠ "#ĹŠ"($(!4+3 "ĹŠ 9kcfb_ZWi bWi Zei fh_c[# hWi `ehdWZWi Z[ bW ? L|b_ZW Z[b 9Wcf[edWje DWY_edW# b[i Z[ ;iYWbWZW :[fehj_lW" gk[ i[ Ykcfb[ [d [b Yec# fb[`e 9_kZWZ Z[ Gk_je Z[ bW 9Wf_jWb Z[ bW H[f‘Xb_YW" F_Y^_dY^W YecWdZW [b c[# ZWbb[he ][d[hWb Yed / c[# ZWbbWi Z[ ehe" / Z[ fbWjW o - Z[ XhedY[$ B[ i_]k[d ?cXW# XkhW o 9ejefWn_$ ;d [b i[]kdZe Z‡W Z[ Yecf[j[dY_Wi" [b [gk_fe f_# Y^_dY^Wde Yed + fh[i[Wi Ze# hWZWi" * fbWj[WZWi o * Xhed# Y[WZWi ]WdÂŒ bW ceZWb_ZWZ Z[ Z_Ă’YkbjWZ$ ;d [ijW [if[Y_Wb_ZWZ Z_\_YkbjWZ [b i[]kdZe bk# ]Wh \k[ fWhW 9ejefWn_ Wb ikcWh ( Z[ ehe" c_[djhWi gk[ ?cXWXkhW i[ kX_YÂŒ j[h# Y[hW" Yed ' Z[ ehe" ( Z[ fbW# jW o ) Z[ XhedY[$ ;d [b jehd[e fWhj_Y_fWd c|i Z[ kd Y[dj[dWh Z[ Z[feh# j_ijWi Z[0 ?cXWXkhW" F_Y^_d# Y^W" 9ejefWn_" 9^_cXehWpe" 9W‹Wh" CWdWX‡" FWijWpW" 8e# b‡lWh o =kWoWi$
#24+3 ".2ĹŠ
!(.- +ĹŠ"#ĹŠ#2! + "
Ŋ ŊľŊ Ŋ
ŊľŊ ŊľŊ ĹŠ ŊľŊ ŊľŊ ĹŠ ŊľŊ Â&#x; ŊľŊ ĹŠ ŊľŊ ŊľŊ ĹŠ ŊľŊ ŊľŊ ĹŠ } ŊľŊ ĹŠ ĹŠ ŊľŊ ĹŠ ŊľŊ ĹŠÄľ ĹŠ ŊľŊ ŊľŊ ĹŠ ÂĄ ŊľŊ ŊľŊ Ă‹ ĹŠ ŊľŊ ŊľŊ ^ĹŠ ŊľŊ ŊľŊ ĹŠ ^ ŊľŊ ĹŠ Ă‹ ŊľŊ ĹŠ ŊľŊ ŊľŊ } ĹŠ ŊľŊ ŊľŊ ĹŠ : ŊľŊ ŊľŊ : ĹŠ ŊľŊ ŊľŊ ĹŠ ^ ŊľŊ ŊľŊ } ĹŠ ŊľŊ ^ ŊľŊ } ĹŠ } ŊľŊ ŊľŊ ĹŠ ŊľŊ ŊľŊ ĹŠ } ŊľŊ ŊľŊ ĹŠ ĹŠÄľ ŊľŊ ĹŠ Ă” ŊľŊ ŊľŊ ^ ĹŠ ŊľŊ
ĹŠ
2/#!( +(23 ĹŠ #-ĹŠ"(ă!4+3 "ĹŠ
+Ŋ#2! + ".1Ŋ!.3./ 7#-2#Ŋ% -¢Ŋ .1.Ŋ#-Ŋ+ Ŋ! 3#%.1~ Ŋ)45#-(+Ŋ #-Ŋ+ Ŋ Ŋ ;+(" Ŋ"#+Ŋ !(.- +Ŋ"#Ŋ 2! + " Ŋ #/.13(5 ē
i_Ze Z[ijWYWZe$ Æ;ie [i ]hWY_Wi W bW Z_iY_fb_# dW" fkdjkWb_ZWZ" bWi ]WdWi Z[ [djh[dWh o bW cej_lWY_ÂŒd gk[ j_[d[Ç" Z[ijWYW ik [djh[dWZeh" 9^h_ij_Wd C[h_de$ ;b `el[d :J Z[ijWYW gk[ bei h[ikbjWZei \k[i[d c[`eh i‡ Yed# jWhed Yed kd ckhe Yecfb[je fWhW bWi jh[i ceZWb_ZWZ[i0 l[be# Y_ZWZ" Z_Ă’YkbjWZ o 8ekbZ[h$ BWi Y_dYe ^ehWi gk[ Z[ij_dW 8hoWd fWhW [djh[dWh bWi ^WY[ [d\eYWZe [d bW ceZWb_ZWZ Z[ Z_Ă’YkbjWZ gk[ [i fWhW be gk[ j_[d[ [b ckhe Z[ 9ejefWn_$ 9kWdZe d[Y[i_jWd fhWYj_YWh ejhWi ceZWb_ZWZ[i l_W`Wd W Gk_je e ^WY[d WZWfjW#
=WdWh kdW c[ZWbbW W d_l[b dW# Y_edWb [i Z_\‡Y_b fWhW 9ejefWn_ [d YkWbgk_[h Z_iY_fb_dW Z[fehj_lW" c|i W‘d [d bW [iYWbWZW Z[fehj_# lW" ZedZ[ bW _d\hW[ijhkYjkhW [i b_c_jWZW$ 8hoWd =k[hhW [ij| feh [dY_cW Z[ [ie o ]WdÂŒ c[ZWbbW Z[ ehe [d bW ceZWb_ZWZ Z[ Z_Ă’# YkbjWZ [d bW ? L|b_ZW Z[ ;iYWbWZW :[fehj_lW gk[ j[hc_dW ^eo [d Gk_je$ IkX_h Wb feZ_e de [i dk[le fWhW [b Z[fehj_ijW bWjWYkd]k[‹e Z[ '+ W‹ei" gk_[d oW i[ Yeb]ÂŒ kdW fh[i[W ZehWZW [d bei @k[]ei DW# Y_edWb[i Z[b W‹e fWiWZe$ ;d [b W‹e o i_[j[ c[i[i gk[ bb[lW Yec# f_j_[dZe" [b WiY[die Z[ 8hoWd ^W
#" ++(23
ĹŠ 3.2
ĹŠ Ä– Ĺ—ĹŠĹŠĹŠĹŠ 18 -ĹŠ +#7 -"#1ĹŠ 4#11 ĹŠ .1 +
Ĺ—ĹŠ ēŊ ĖŊđŊ"#ĹŠ$# 1#1.ĹŠ"#ĹŠÄˆÄ’Ä’Ä? Ĺ—ĹŠ Ä–ĹŠ 3 !4-% Ĺ—ĹŠ Ä–ĹŠ 2! + " ĹŠ #/.13(5 ĹŠ Ä–ĹŠ.1.ĹŠ#-ĹŠ 4#%.2ĹŠ !(.- +#2ĹŠ Ĺ—ĹŠĹŠĹŠĹŠÄ‰Ä‡ÄˆÄ‡ĹŠ8ĹŠ.1.ĹŠ#-ĹŠ ĹŠ ;+(" ĹŠ"#ĹŠ 2! + " ĹŠ ĹŠĹŠĹŠĹŠÄ‰Ä‡ÄˆÄˆÄ“
Y_ed[i Wb ckhe$ Gk_[h[ CkdZ_Wb F[i[ W gk[ 8hoWd ^WY[ iki fh_c[hei fW# iei [d bW [iYWbZW" ik Wif_hWY_ÂŒd [i ]hWdZ[0 gk_[h[ Wi_ij_h W kd CkdZ_Wb$ ÆDe iƒ YkWdZe" f[he c_ Wif_hWY_ÂŒd [i [iWÇ" Z[ijWYW [b `el[d [iYWbWZeh gk_[d ikf[hÂŒ W :Wddo LWb[dY_W Z[ =kWoWi o W <[b_f[ C[`‡W Z[ ?cXWXkhW [d [b ckhe Z[ Gk_je$
#
# !
& " "
ēŊ 23#$ -~ Ŋ #2~ 2Ŋ% -¢Ŋ.1.Ŋ/ 1 Ŋ (!'(-!' Ŋ#-Ŋ+ Ŋ! 3#%.1~ Ŋ2_-(.1ē
# ! $ #
$
,/#.- 3. +(-# !(.-#2
ĂĀ
Ä€Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
ĹŠ, -3#-#1ĹŠ + ĹŠ/4-3 ;c[b[Y h[Y_X[ [ijW jWhZ[ W B_]W Z[ Be`W [d kd Y^egk[ Z[ ckY^W [nf[YjWj_lW" oW gk[ [b Ăˆ8ecX_bbeÉ [i [b b‡Z[h Z[b jehd[e o b[ ^W ZWZe fh_eh_ZWZ Wb c_ice" oW gk[ [d 9efW B_X[hjWZeh[i bWi fei_X_b_# ZWZ[i Z[ YbWi_Ă’YWh W bW i_]k_[dj[ hedZW ied c‡d_cWi$ ;b :J CWhY[be <b[_jWi feh [ij[ cej_le fedZh| jeZe [d [b YWcfe Z[ `k[]e o [if[hW de i[h iehfh[dZ_Ze Yece [d [b ‘bj_ce fWhj_Ze Wdj[ :[fehj_le Gk_je" ZedZ[ _]kWbÂŒ (#(" W f[iWh Z[ _h [d l[djW`W feh Zei jWdjei$ ;d YkWdje W bW Ăˆ=WhhW Z[b
13(".ĹŠ 31 !3(5. :[fehj_le Gk_je [ ?dZ[f[dZ_[d# j[ h_lWb_pWd ^eo Wb c[Z_eZ‡W [d [b ;ijWZ_e Eb‡cf_Ye 7jW^kWbfW$ ;b YkWZhe YedZkY_Ze feh [b Wh][dj_de 9Whbei ?iY^_W l_[d[ Z[ Yedi[]k_h kd [cfWj[ [d =kWoW# gk_b Wdj[ ;c[b[Y (#( " feh be gk[ bb[]Whed fei_X_b_ZWZ[i Z[ WYeh# jWh Z_\[h[dY_Wi Yed bei fkdj[hei o iWX_[dZe gk[ j_[d[ kd fWhj_Ze c[dei gk[ be Z_ifkjWh| [b c_ƒh# Yeb[i Wdj[ ;b DWY_edWb$ FWhW [ij[ Yej[`e" bei ĂˆY^kbbWiÉ h[Ykf[hWd W @kWd 9Whbei FWh[# Z[i" gk_[d \k[ ef[hWZe Z[ bei c[d_iYei" f[he gk[ [ijWh‡W [d [b XWdgk_bbe Z[ ikfb[dj[i$ Feh ik fWhj[" [b :J 9Whbei I[l_bbW gk_[h[ i[]k_h i_[dZe bW iehfh[iW Z[b jehd[e o XkiYW# h| WcWh]Whb[ bW jWhZ[ Wb WYjkWb YWcf[ÂŒd Yece be ^_pe [b c_ƒh# Yeb[i fWiWZe Yed B_]W Z[ Gk_je"
ŊĹŊ
23# -Ŋ 1##1 1(#+Ŋ !'(+(#1 1( -.Ŋ (- ¥2! 1Ŋ %Õ~ --#1Ŋ +#-!( #"1.Ŋ 4( ¢-#9 ""8Ŋ .1.9. #1- -".Ŋ (,_-#9 :-%#+Ŋ #-
4!( -.ĹŠ (%4#1. 1+.-ĹŠ"#ĹŠ #2ĂŒ2 ĹŠ 1!#+.ĹŠ +#(3 2
#1- -".ĹŠ #1-;-"#9 1, -".ĹŠ ¢,#9 (,,8ĹŠ #1,ĂŒ"#9 1- +".ĹŠ #1
.2_Ŋ %4(11# 1(23( -Ŋ 4( ¢-#9 #"1.Ŋ 11# 1+.2Ŋ #1 4"
.'--8ĹŠ !'4 1( +3#1ĹŠ +"#1¢ (.ĹŠ #- 3. ĹŠ ĂŒ+ĹŠ _+#9
:1 (31.Ä–ĹŠ (%4#+ĹŠ (" +%. 23 "(.Ä–ĹŠ #.1%#ĹŠ /6#++ .1 Ä–ĹŠÄˆÄ?Ėćć 1 -2,(3#Ä–ĹŠ !4 5(2
EieÉ" FW‘b Lƒb[p _dj[djWh| cWdj[d[h bW hWY^W Z[ l_Yjeh_Wi o Wi‡ i[]k_h bkY^WdZe [d bW fWh# j[ Z[ Whh_XW Z[ bW jWXbW Z[ kX_# YWY_ed[i o Yedi[]k_h kd Ykfe W bei jehd[ei _dj[hdWY_edWb[i$
,/#.- 3. +(-# !(.-#2
ĹŠ
1!#+.ĹŠ +(9 % #"1.ĹŠ #+ 2!. (.5 --8ĹŠ 2/(-.9
4(2ĹŠ '#! 2 !ĹŠ (- 41(!(.ĹŠ .++#!. 1#""8ĹŠ +(5. :+#7ĹŠ .+ Â .2
4(2ĹŠ 1(3 , ("#+ĹŠ 13~-#9 3~ 2ĹŠ +423(9 ĹŠ 1+.2ĹŠ 2!'(
( 1 ".ĹŠ 9!.-
4(2Ŋ (!#". #1- -".ŊŊ #¢ "% 1Ŋ + 4#- 1(.Ŋ (-#(" #-18Ŋ #¢ 1, -".Ŋ .+~2 -(+.Ŋ , -(#%. #1- -".Ŋ 4#11#1. (-(!(.Ŋ -%4+.
4! 2ĹŠ .-2(231# ĹŠ 1+.2ĹŠ #5(++
:1 (31.Ä–ĹŠ .""8ĹŠ , 1 -. 23 "(.Ä–ĹŠ +~,/(!.ĹŠ 3 '4 +/ .1 Ä–ĹŠÄˆÄ‰Ä–Ä‡Ä‡ 1 -2,(3#Ä–ĹŠ #+# , 9.- 2Ŋĸ#7!#/3.ĹŠ 4(3.Äš
W gk_[d [cfWjŒ [d [b j[hY[h c_# dkje Z[ Z[iYk[dje$ >[dho B[Œd o ;Z]Wh 8WbXk[# dW feZh‡Wd i[h Yedi_Z[hWZei feh I[l_bbW" fWhW WhhWdYWh Yece j_jk# bWh[i [b fWhj_Ze Z[ ^eo$
ēŊ 1!#+.- Ŋ04(#1#Ŋ2#%4(1Ŋ% - -".Ŋ/ 1 Ŋ-.Ŋ/#1"#1Ŋ"#Ŋ5(23 Ŋ+.2Ŋ/1(,#1.2Ŋ+4% 1#2ē
4(#1#ĹŠ'4-"(1ĹŠ +ĹŠÄĽ 34-#1.ÄŚ ĹŠ
1!#+.- ĹŠ5(2(3 ĹŠ#23 ĹŠ3 1"#ĹŠ +ĹŠ -3 ĹŠ ĹŠ#ĹŠ(-3#-3 1;ĹŠ 24, 1ĹŠ+.2ĹŠ31#2ĹŠ/4-3.2ĹŠ8ĹŠ !#1! 12#ĹŠ +ĹŠ/4-3#1.Ä“ ;b CWdjW <9 h[Y_X[ bW l_i_jW Z[ 8WhY[bedW [ijW jWhZ[" [d [b h[ce# Z[bWZe ;ijWZ_e @eYWo$ Bei Z_h_]_# Zei feh Bk_i PkX[bZ‡W XkiYWh|d Yedi[]k_h bei jh[i fkdjei gk[ b[ f[hc_jWd WY[hYWhi[ W ;c[b[Y o Z[Ă’d_h bW fkdjW Z[b jehd[e [d [b Ăˆ9b|i_Ye Z[b 7ij_bb[heÉ$ FWhW [ij[ Yecfhec_ie" [b Ăˆ9WdWh_eÉ h[Ykf[hWh‡W W CWj‡Wi EoebW" f[he de [ijWh‡W [d bW Wb_# d[WY_ÂŒd _d_Y_Wb$ Bei ]kWoWgk_# b[‹ei _dj[djWh|d ikc[h]_h Wb Ăˆ7jkd[heÉ Yece be ^_Y_[hed Yed ;b DWY_edWb [b c_ƒhYeb[i fWiW# Ze [d [b Eb‡cf_Ye 7jW^kWbfW$ ;b WjWgk[ Z[ 8WhY[bedW bW Ye# cWdZWh| DWhY_ie C_dW" gk_[d
^W cWhYWZe [d bWi Zei ‘bj_cWi \[Y^Wi o ^Wd Ye_dY_Ze Yed [b jh_kd\e Z[ bei ]kWoWgk_b[‹ei$ ;d bW l[h[ZW YedjhWh_W" bei Z_h_]_Zei feh 7hcWdZe EicW XkiYWh|d cWdj[d[h [b Xk[d d_# l[b \kjXeb‡ij_Ye gk[ ^W j[d_Ze [d bWi ‘bj_cWi \[Y^Wi o Wi‡ l[d# Y[h W bei ĂˆWcWh_bbeiÉ" gk_[d[i [ij|d [d bei fh_c[hei bk]Wh[i Z[b YWcf[edWje$ ;b YkWZhe cWdWX_jW [i del[# de [d bW jWXbW Z[ kX_YWY_ed[i" f[he Z[ ikcWh [d YedZ_Y_ÂŒd Z[ beYWb ^Wh‡Wd bei '( fkdjei Yed bei gk[ Yk[djW 8WhY[bedW$ ;b fWhj_Ze i[ `k]Wh| [d bW jWhZ[ o [i cko fheXWXb[ gk[ [n_ijW
#!' ĹŠÄ’
.2( +#2ĹŠ +(-# !(.-#2
.+ -".ĹŠ ,~1#9 +(.ĹŠ 231 -3( %.ĹŠ ++# -1(04#ĹŠ ., Â 1(.ĹŠ 4(-3 - +_5#1ĹŠ -"1 "#
.2_ĹŠ (9! ~-. "#1ĹŠ +#-!( #"1.ĹŠ 2!.8 1+.2ĹŠ:+ 5 1+.2ĹŠ 1!_2 ĹŠ 1, -".ĹŠ 2,
,(;-ĹŠ -9 (%4#+ĹŠ 11
(1.ĹŠ ,/.2 1(!*2.-ĹŠ 1 9. 1(23( -ĹŠ 149
.2_Ŋ , 8 1+.2Ŋ 14#2. ¢+%#1Ŋ 3 ,.1.2 ,(;-Ŋ ~ 9 1!(2.ŊŊ (-
.2_ĹŠ 8.5~ ĹŠ 4(2ĹŠ 4 #+"~
:1 (31.Ä–ĹŠ (#%.ĹŠ 1 23 "(.Ä–ĹŠ .! 8 .1 Ä–ĹŠÄˆÄŒÄ–Ä‡Ä‡ 1 -2,(3#Ä– #+# , 9.- 2
]hWd YWbeh" feh be gk[ bei [gk_# fei j[dZh|d gk[ j[d[h [d Yk[djW bW ^_ZhWjWY_ÂŒd$
.2ĹŠ/ 13(".2ĹŠ!.,/+#3 -ĹŠ+ ĹŠ$#!' ĹŠ-4#5#
ēŊ 4 -Ŋ 1+.2Ŋ 1#"#2Ŋĸ(ĚŊ/."1~ Ŋ)4% 1Ŋ'.8ē
;d 7cXWje" [b JƒYd_Ye Kd_l[hi_# jWh_e h[Y_X[ bW l_i_jW Z[b :[fehj_le 9k[dYW$ ;b Yecfhec_ie i[ `k]W# h| Wb c[Z_eZ‡W [d [b ;ijWZ_e 8[# bbWl_ijW$ Bei Z_h_]_Zei feh <WX_|d 8kijei _dj[djWh|d Yedi[]k_h bW i[]kdZW l_Yjeh_W Wb ^_be" bk[]e Z[
gk[ l[dY_[hWd Wb CWdjW [b c_ƒh# Yeb[i fWiWZe feh (#'$ ;b `k[p Y[d# jhWb Z[b Yej[`e i[h| 9Whbei EhX[$
Wb h[Y_X_h Wb CWYWh| gk[ l_[d[ ikcWdZe fkdjei Z[ beYWb o l_# i_jWdj[$ ;b ;ijWZ_e Eb‡cf_Ye Z[ H_eXWcXW WbX[h]Wh| [b Yec# -Ŋ (. , fhec_ie" Z[iZ[ bWi '(0&&$ EcWh ;b Ebc[Ze XkiYWh| Yedi[]k_h FedY[ _cfWhj_h| ehZ[d [d [b j[# ik fh_c[h jh_kd\e Z[b jehd[e" hh[de Z[ `k[]e$
Ĺ? Ä€Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ?
Ĉ
13(".2
#%4-" Ŋ$#!' Ŋ #1(#Ŋ 13(".Ė ŗŊ #/.13(5.Ŋ 9.%4#2Ŋ52ēŊ (5#1Ŋ + 3#
ĹŠĹŠ ĹŠ
ĹŠ)4% 1;ĹŠ#+ĹŠ".,(-%.
.2ĹŠ'.1 1(.2ĹŠ/ 1 ĹŠ+ ĹŠ/1¢7(, ĹŠ).1- " ĹŠ $4#1.-ĹŠ.ÄƒĹŠ!( +(9 ".2ĹŠ/.1ĹŠ+ ĹŠ #"#1 !(¢-ĹŠ !4 3.1( - ĹŠ"#ĹŠ ĂŒ3 .+Ŋĸ Äš
;d bW i[]kdZW \[Y^W Z[b 9Wcf[e# .2ĹŠ+.! +#2 dWje ;YkWjeh_Wde Z[ <‘jXeb I[h_[ ;b fWhj_Ze [djh[ [b Ăˆ;dik[‹e 9eje# 8" [b YbkX Kd_l[hi_ZWZ JƒYd_YW Z[ fWn[di[É o bW Ăˆ9^Wjeb[_É i[h| [b ‘d_# 9ejefWn_ KJ9 j[dZh| Ye W `k]Whi[ [b Zec_d]e$ BW Yece h_lWb Z[ jkhde Wb [n# ^ehW eĂ’ Y_Wb Z[b Yecfhec_# f[h_c[djWZe fbWdj[b Z[ bW ĹŠ ie [i bWi ''0)&" Z_ifkj|dZe# Kd_l[hi_ZWZ 9WjÂŒb_YW$ i[ [d [b [ijWZ_e eb‡cf_Ye I[_i fWhj_Zei i[ `k# 1 ĹŠ 7jW^kWbfW" [d Gk_je$ ]Wh|d [d bW `ehdWZW" gk[ ,  - ĔŊ ĹŠ+ 2ĹŠ Bei |hX_jhei Z[i_]dWZei ĒĖććŊ+.2ĹŠ"(1#!3(Äą j[dZh| Yece fhejW]ed_i# 5.2ĹŠ.$1#!#1;-ĹŠ ied0 CWh_e Hec[he 9ÂŒh# jWi Z[b WhhWdgk[ Wb HeYW# 4- ĹŠ14#" ĹŠ"#ĹŠ ZelW Y[djhWb 1 @kWd 9Whbei /1#-2 Ä“ \k[hj[ o LWbb[ Z[b 9^ejW$ CWY‡Wi <hWdYe Wi_ij[dj[ ;i[ fWhj_Ze [ij| fh[l_ije kde 1 ;Z]Wh DWhl|[p =[j_Wb fWhW bWi ''0)& Z[b i|XWZe" [d [b [i# Wi_ij[dj[ Zei o ;Z_iied C[Z_dW jWZ_e 7b[`WdZhe FedY[ DeXeW" Z[ 7YeijW YkWhje |hX_jhe $ ;b _dif[Y# bW Y_kZWZ Z[ =kWoWgk_b$ jeh Z[b Yecfhec_ie i[h| ;Z]Wh
HWc_he Ehj_p El_[Ze$
.2ĹŠ -3#!#"#-3#2 FWhW bW KJ9 bW l[djW`W [d bW jWXbW Z[ fei_Y_ed[i [i dejeh_W [d Yec# fWhWY_ÂŒd W ik h_lWb" oW gk[ bk[]e Z[ ik jh_kd\e \h[dj[ W <[hhel_Wh_ei bW i[cWdW fWiWZW feh (#&" ikcW jh[i fkdjei o c|i Zei !( [d ik ]eb Z_\[h[dY_W$ C_[djhWi gk[ [d [b WhhWdgk[ Z[ bW j[cfehWZW" [b [gk_fe YWf_jWb_de [cfWjÂŒ W Zei ]eb[i Yed [b LWbb[ Z[b 9^ejW" feh be gk[ eYkfW [b gk_dje bk]Wh" Yed kd fkdje" o Y[he [d ik fhec[Z_e Z[ ]eb[i Z_\[h[dY_W$
#1(#ĹŠ
+ ĹŠ"#ĹŠ/.2(!(.-#2 .2ĹŠĹŠĹŠ 04(/.ĹŠ
4-ĹŠ
ĹŠ
ÄˆĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠ 1#!( ĹŠ ĉŊŊŊŊŊŊŊŊ , 41 ĹŠ ÄŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠ ĹŠ ĹŠ ÄŒĹŠĹŠĹŠĹŠĹŠĹŠĹŠ ēŊ 4#5#".ĹŠ ÄŽĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠ ēŊ 3¢+(! ĹŠ Ä?ĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠ ēŊ"#+ĹŠ '.3 ĹŠ Ä?ĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠ ēŊ 9.%4#2ĹŠ đŊŊŊŊŊŊŊŊŊ 2/.+(ĹŠ Ä’ĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠ .! $4#13#ĹŠ ÄˆÄ‡ĹŠĹŠĹŠĹŠĹŠĹŠĹŠ #11.5( 1(.2ĹŠ ÄˆÄˆĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠ ēŊ 4- ĹŠ ÄˆÄ‰ĹŠĹŠĹŠĹŠĹŠĹŠĹŠ (5#1ĹŠ + 3#ĹŠ
ÄŠĹŠ ÄŠĹŠ ÄŠĹŠ ÄŠĹŠ ÄˆĹŠ ÄˆĹŠ ÄˆĹŠ ÄˆĹŠ ćŊ ćŊ ćŊ ćŊ
ĉ ĉ ĉ Ĉ ć ć ć ć ÄąÄˆ Ĺĉ Ĺĉ Ĺĉ
#!' Ä– ÄŠĹŠ"#ĹŠ, 19.ĹŠ"#ĹŠÄ‰Ä‡ÄˆÄ‰ .1 Ä– ĈĎĖćć (4" "Ä–ĹŠ 9.%4#2 13(".Ä– Ĺ—ĹŠ .! $4#13#ĹŠ52ēŊ ++#ĹŠ"#+ĹŠ '.3 #!' Ä– ÄŠĹŠ"#ĹŠ, 19.ĹŠ"#ĹŠÄ‰Ä‡ÄˆÄ‰ .1 Ä– ĈĈĖĊć (4" "Ä– 4 8 04(+ 13(".Ä– Ĺ—ĹŠ #11.5( 1(.2ĹŠ52ēŊ #/.13(5.ĹŠ 4#5#". #!' Ä– ÄŠĹŠ"#ĹŠ, 19.ĹŠ"#ĹŠÄ‰Ä‡ÄˆÄ‰ .1 Ä– ĈČĖćć (4" "Ä– 4 8 04(+ 13(".Ä– Ĺ—ĹŠ , 41 ĹŠ52ēŊ 2/.+( #!' Ä– ÄŠĹŠ"#ĹŠ, 19.ĹŠ"#ĹŠÄ‰Ä‡ÄˆÄ‰ .1 Ä– ĈÄ?Ėćć (4" "Ä– 11 13(".Ä– Ĺ—ĹŠ 1#!( ĹŠ52ēŊ 42'4!ĹŠ 4- #!' Ä– ÄŠĹŠ"#ĹŠ, 19.ĹŠ"#ĹŠÄ‰Ä‡ÄˆÄ‰ .1 Ä– ĈĎĖćć (4" "Ä– .13.5(#).
#24+3 ".2 #!' ĹŠÄˆ
(5#1ĹŠ + 3#ŊŊŊŊŊŊćĹćŊŊ ĹŠ ŊŊŊŊŊŊĉĹćŊ ēŊ"#+ĹŠ '.3 ŊŊŊĉĹĉŊ ēŊ 4- ĹŠ ŊŊŊŊŊŊćĹĉŊ ēŊ 4#5#".ĹŠĹŠĹŠĹŠÄˆÄąÄ‡ĹŠ 2/.+(ĹŠ ĹŠĹŠĹŠĹŠĹŠĹŠĹŠÄˆÄąÄˆĹŠ
1#!( #11.5( 1(.2 ēŊ 3¢+(! , 41 .! $4#13# ēŊ 9.%4#2
(3(42ĔŊ +3(42ĔŊ .1(3(42 #/.13#Ŋ"#Ŋ +3.Ŋ 1#-"(,(#-3.Ŋ- Ĺ !(.- +Ŋ1#!.-.!(¢Ŋ Ŋ+.2Ŋ,#).1#2Ŋ"#+Ŋ / ~2ē
ļ .-!'(3.ČŊ/#1"(¢Ŋ' 23 Ŋ#-Ŋ3 04(++
+ĹŠ"# 43ĹŠ"#+ĹŠ 42'4!ĹŠ 4- ĹŠ#-ĹŠ+ ĹŠ #1(#ĹŠ ĹŠ-.ĹŠ$4#ĹŠ#+ĹŠ#2/#1 ".ēŊ ĹŠ,;2ĹŠ"#ĹŠ04#ĹŠ #+ĹŠ, 1! ".1ĹŠ$4#ĹŠ-#% 3(5.ĔŊ+.2ĹŠ'(-!' 2ĹŠ-.ĹŠ /.8 1.-ĹŠ +ĹŠ#04(/.ĹŠ , 3# .ĔŊ /#- 2ĹŠÄŒÄ‰ÄŒĹŠ#-31 " 2ĹŠ2#ĹŠ5#-"(#1.-ĔŊ#+ĹŠ3.3 +ĹŠ"#+ĹŠ"(-#1.ĹŠ1#! 4" ".ĹŠ$4#ĹŠ ,(+ĹŠÄ?Ä’Ä?ĹŠ"¢+ 1#2ĔŊ,(#-31 2ĹŠ04#ĹŠ+.2ĹŠ% 23.2ĹŠ"#ĹŠ/1.%1 , !(¢-ĹŠ8ĹŠ#+ĹŠ/ %.ĹŠ"#+ĹŠ 1 (31 )#ĹŠ24, 1.-ĹŠÄŠĹŠ,(+ĹŠÄŽÄˆÄ?ĹŠ"¢+ 1#2ĹŠ!.-ĹŠÄŠÄŽĹŠ!#-3 5.2Ä“
;b 9ec_jƒ Eb‡cf_Ye ;YkWjeh_W# de 9E; h[Wb_pŒ [b bkd[i" bW Y[h[# ced_W Z[ fh[c_WY_Œd [d ik Z[de# c_dWZW =WbW Eb‡cf_YW" ZedZ[ i[ h[YedeY_Œ W bei f[i_ijWi I[b[Z_dW D_[l[i o @eh][ :Wl_Z 7hheoe Yed [b ]WbWhZŒd 9_j_ki" 7bj_ki" <eh_j_ki [b c|i h|f_Ze" [b c|i Wbje" [b c|i \k[hj[ $
ēŊ 5("ĹŠ 11.8.ĔŊ,#" ++(23 ĹŠ#-ĹŠ+.2ĹŠ - ,#1(! -.2ĹŠ"#ĹŠ _7(!.ĹŠÄ‰Ä‡ÄˆÄˆÄ“
#!.-.!(,(#-3. ;b WYje i[ Ykcfb_ÂŒ [d [b 9[djhe Z[ 9edl[dY_ed[i I_cÂŒd 8eb‡lWh Z[ =kWoWgk_b Yed bei Wjb[jWi gk[ eX# jkl_[hed c[ZWbbWi [d bei [l[djei Z[b 9_Ybe Eb‡cf_Ye" Yece ied YWc# f[edWjei Z[b ckdZe" YWcf[edW# jei eĂ’ Y_Wb[i IkZWc[h_YWdei" BWj_# deWc[h_YWdei" FWdWc[h_YWdei [
?X[heWc[h_YWdei$ BW Z_iY_fb_dW Yed cWoeh d‘# c[he Z[ ]WbWhZedWZei \k[ bW ^Wb# j[heĂ’ b_W b[lWdjWc_[dje Z[ f[iWi Yed '/ h[fh[i[djWdj[i" [djh[ [bbei 7b[nWdZhW ;iYeXWh" I[b[Z_dW D_[# l[i o @eh][ :Wl_Z 7hheoe" c[ZW# bb_ijWi Z[ ehe [d bei @k[]ei FWdW# c[h_YWdei Z[ Cƒn_Ye (&''$
I_]k[ [b \‡i_YeYkbjkh_ice Yed ',1 bkY^W" Yed i_[j[1 Wjb[j_ice o hWYgk[jXeb Yed Y_dYe1 dWjWY_Œd" Xen[e" `kZe o jh_WjbŒd Yed *$ 7Z[c|i YedijWd [b YWdejW`[" Y_Yb_ice" ikh\ o j[d_i Yed jh[i fh[# i[Wi1 fWj_dW`[" cejeY_Yb_ice" j_he Yed WhYe o l[bW" Yed Zei jh_kd\ei _dj[hdWY_edWb[i$
ĉ
Ĺ?Ĺ? Ä€Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ?
.,#')(#)Ĺ‹ /&./, &Ĺ‹ )(Ĺ‹ (/ 0 Ĺ‹ , 9ed bW Ă’dWb_ZWZ Z[ [lWbkWh bei Z_ij_djei fheo[Yjei gk[ i[ [ij|d [`[YkjWdZe fWhW h[Yedijhk_h [b fWjh_ced_e ^_ijÂŒh_Ye Z[ bW Y_k# ZWZ" i[ h[kd_[hed Wkjeh_ZWZ[i Z[b =WZ Ckd_Y_fWb Z[ 9WdjÂŒd BWjWYkd]W$ ;djh[ bei fheo[Yjei gk[ Yedi# jWd fWhW kdW fei_Xb[ h[Yedi# jhkYY_ÂŒd [ij|d0 ;b fWiW`[ FWZh[ CWdk[b IWbY[Ze" [b \kjkhe fWh# gk[ Z[ bW \Wc_b_W" [d IWd 8k[dW# l[djkhW" [b 9[djhe >_ijÂŒh_Ye" ;b FWbWY_e Ckd_Y_fWb [d [b YWie Z[ bW ^WY_[dZW J_b_fkbe i[ [dYk[d# jhW [d ijWdZ Xo" feh Yk[ij_ÂŒd Z[ j_[cfe$ ;d be gk[ i[ h[Ă’[h[ Wb fWiW`[ FWZh[ CWdk[b IWbY[Ze" i[ h[W# b_pWhed Wb]kdWi eXi[hlWY_ed[i" i[‹WbW gk[ [n_ij[ W]kW [cfepW# ZW [d Wb]kdei bk]Wh[i" c[`ehW# h|d bW _bkc_dWY_ÂŒd" jecWdZe [d Yk[djW bW fej[dY_W Z[ bW [d[h]‡W" f[he bW _dj[dY_ÂŒd [i gk[ bkpYW Z[ bW c[`eh cWd[hW" Ă’dWbc[dj[ Ye# beYWh|d bW fkXb_Y_ZWZ$ ;b cWYhe fheo[Yje" Z[b fWh# gk[ Z[ bW \Wc_b_W" i[ [dYk[d# jhW kX_YWZe [d [b i[Yjeh Z[ IWd 8k[dWl[djkhW" Wb Ă’dWb Z[b Y[# hhWc_[dje Z[ bW f_ijW Wƒh[W" Wbb‡ fei_Xb[c[dj[ i[h‡W kd |h[W h[# Yh[WY_edWb" _dYbkie c[`eh Z[ be gk[ [i WYjkWbc[dj[$
(. Ĺ‹ Ĺ‹! -Ĺ‹ )(.#(Ă„
Ŋ(-(!( 3(5 Ŋ2#Ŋ "#2 11.++ 1;Ŋ' 23 Ŋ 04#Ŋ2#Ŋ-.1, +(!# + Ŋ!.,#1!( +(9 !(Ĺ ¢-Ŋ#-Ŋ+ Ŋ/1.5(-!( ē
;d c[Z_e Z[ bWi \[b_Y_jWY_ed[i o h[# YbWcei Z[ bW feXbWY_ÂŒd W bWi Wkjeh_# ZWZ[i Z[ Yedjheb" Wo[h i[ Ykcfb_ÂŒ [b i[]kdZe Z‡W Z[ bW Yec[hY_Wb_pWY_ÂŒd Z_h[YjW Z[b Y_b_dZhe Z[ ]Wi b_YkWZe Z[ f[jhÂŒb[e =BF [d bW Y_kZWZ$ :[iZ[ bWi .0)& ĹŠ CWohW 9^_cXe# hWpe" _dj[dZ[djW ][d[hWb Z[ feb_# ÂĄ Y‡W" WYecfW‹WZW ĹŠ!4#23 ĹŠ#+ĹŠ% 2ĹŠ#-ĹŠ Z[ \kdY_edWh_ei + ĹŠ"(231( 4(".1 2Ä“ Z[b C_d_ij[h_e Z[ ?dZkijh_Wi o FheZkYj_l_ZWZ
ĹŠ C_fhe o Feb_Y‡W DWY_edWb" WYkZ_ÂŒ ^WijW [b Y[djhe Z[ WYef_e Z[ bW [c# ĹŠ "#ĹŠ% 2ĹŠ$4#1.-ĹŠ fh[iW 7]_f]Wi" !.,#1!( +(9 ".2ĹŠ fWhW iWb_h Yed kd #-ĹŠ+ ĹŠ,  - Ä“ YWc_ÂŒd bb[de Z[ ]Wi \WY_b_jWZe feh bei h[fh[i[djWd# j[i Z[ bW [dj_ZWZ fWhW gk[ i[ h[Wb_# Y[ bW l[djW Z_h[YjW Z[b fheZkYje$
ĈĔÄ?ćŊ
ĊĎćŊ
#-3 7 bWi /0&& _d_Y_Œ bW Yec[hY_Wb_pW# Y_Œd [d [b i[Yjeh Z[ BW ;ijWY_Œd" W [i[ i_j_e bei feXbWZeh[i bb[]Whed YWh]WZei iki Y_b_dZhei Z[ ]Wi fWhW WZgk_h_h [b fheZkYje gk[ [cf[pŒ W
ēŊ 2Ŋ 43.1(" "#2Ŋ-.Ŋ/#1,(3(#1.-Ŋ04#Ŋ+ 2Ŋ/#12.- 2Ŋ "04(#1 -Ŋ,;2Ŋ Ŋ"#+Ŋ-#!#2 1(.ē
[iYWi[Wh Z[iZ[ bW i[cWdW fWiWZW$ ?d_Y_Wbc[dj[ bei \kdY_edWh_ei Z[b C_fhe" YedijWjWhed gk[ bW l[d# jW i[W [`[YkjWZW Wb fh[Y_e h[Wb" bk[# ]e l[h_Ă’YWhed gk[ bWi f[hiedWi de WZgk_[hWd c|i Z[ Zei Y_b_dZhei Z[ ]Wi feh \Wc_b_W$ 7lWdpWZW bW cW‹WdW o Wdj[ bW fei_X_b_ZWZ Z[ gk[ [b ]Wi [n_ij[dj[ [d [b YWc_ÂŒd de i[W ikĂ’Y_[dj[ fWhW bei YecfhWZeh[i" bWi Wkjeh_ZWZ[i Z_ifki_[hed gk[ iÂŒbe i[h‡Wd l[dZ_# Zei kd Y_b_dZhe Z[ ]Wi feh \Wc_b_W" WZ[c|i l[h_Ă’YWhed gk[ [b ]Wi i[W
YecfhWZe feh WcWi Z[ YWiW o de feh f[hiedWi gk[ j_[d[d iWbed[i e d[]eY_ei gk[ Z[`Wd hƒZ_jei [YedÂŒ# c_Yei$ ;b \kdY_edWh_e Z[b C_fhe" gk_[d Wb _d_Y_e de gk_ie ZWh Z[YbWhWY_e# d[i fehgk[ WZk`e gk[ de j[d‡W Wk# jeh_pWY_ÂŒd" cWd_\[ijÂŒ gk[ [b fh[Y_e eĂ’Y_Wb Z[ l[djW Z[b Y_b_dZhe Z[ ]Wi [i Z[ '",& [d bWi Z_ijh_Xk_ZehWi o h[YedeY_ÂŒ gk[ bW Z_ijh_XkY_ÂŒd [d YWiW i_ ][d[hW kd ]Wije WZ_Y_edWb" WYbWhÂŒ gk[ de [i h[Wb gk[ i[ lWoW W [b[lWh [b fh[Y_e Z[b Y_b_dZhe ]Wi$
.-31.+ Feh ik fWhj[" CWohW 9^_cXehWpe" Wh]kc[djŒ gk[ de ^Wo d_d]kdW ehZ[d Z[ [b[lWY_Œd Z[b fh[Y_e Z[b jWdgk[ Z[ ]Wi o gk[ [d bW fhel_dY_W ^kXe kd \WbjWdj[ [d bW Z_ijh_XkY_Œd Z[ ]Wi feh [b \[h_WZe" W [ije i[ ikcŒ gk[ bW fbWdjW Z[ ]Wi Z[ 7cXWje ik# fh_c_Œ [b Ykfe Z[b =BF fWhW 9eje# fWn_$ :_`e gk[ feYe W feYe i[ ^W _Ze [djh[]WdZe [b fheZkYje W bWi Z_ijh_Xk_ZehWi" jWcX_ƒd Yec[djŒ gk[ [b \WbjWdj[ Z[b fheZkYje de [i [d jeZW bW fhel_dY_W$
Ă„' . Ä…Ĺ‹/( Ĺ‹!). Ĺ‹+/ Ĺ‹- &0 Ĺ‹0# Æ;b eX`[j_le [i h[YehZWhb[ W bW Y_k# ZWZWd‡W bW fh[i[dY_W Z[ bW 9hkp He`W [d [b |cX_je Z[ bW ZedWY_ÂŒd lebkdjWh_W Z[ iWd]h[Ç$ 7i‡" [b YeehZ_dWZeh WZc_d_i# jhWj_le Z[ 9hkp He`W Z[ 9ejefWn_" <[hdWdZe Hk[ZW" [nfb_YÂŒ bWi b‡d[Wi Z[ jhWXW`e Yed bWi gk[ i[ Z[iWhhebbÂŒ Wo[h W d_l[b dWY_edWb o Z[ cWd[hW i_ckbj|d[W [d bWi (* fhel_dY_Wi Z[b fW‡i" kdW dk[lW YWcfW‹W Z[ ZedWY_ÂŒd Z[ iWd]h[$ ;d [b YWie Z[ BWjWYkd]W" bW kd_# ZWZ cÂŒl_b Z[ bW _dij_jkY_ÂŒd ^kcW# d_jWh_W h[Y[fjÂŒ bWi ZedWY_ed[i [d bW YWbb[ Gk_je" Wb YeijWZe eYY_Z[djWb Z[b fWhgk[ L_Y[d# j[ B[ÂŒd$ ÆC[ i_[dje ĹŠ cko iWj_i\[Y^e" bW l[hZWZ dkdYW #ĹŠ/4#"#ĹŠ".- 1ĹŠ ^WX‡W ZedWZe" 2 -%1#ĹŠ"#2"#ĹŠ+.2ĹŠ ĈÄ?ĹŠ  .2Ä“ f[he bk[]e Z[ ^WY[hbe [n_ij[ kd i[dj_c_[dje ]hW# j_Ă’YWdj[ [d c_ _dj[h_eh" iƒ gk[ c_ iWd]h[ WokZWh| W iWblWh bW l_ZW Z[ ejhW f[hiedWÇ" Z_`e ;Zm_d C$" kde Z[ bei ZedWdj[i$ ;ijW kd_ZWZ cÂŒl_b [ijkle feh ‘bj_cW eYWi_ÂŒd [d BWjWYkd]W [d [b c[i Z[ eYjkXh[$ ;d Wgk[b [djedY[i h[Y[fjWhed c|i Z[ .& f_djWi Z[ iWd]h[$
¥ ēŊ 4#%.Ŋ"#Ŋ4- Ŋ#-31#5(23 Ŋ,_"(! ĔŊ2#Ŋ"#3#1,(- Ŋ+ Ŋ/.2( (+(" "Ŋ.Ŋ-.Ŋ "#Ŋ".- 1Ŋ2 -%1#ē
Feh [bbe [d ^ehWi Z[ bW cW‹W# dW bW [nf[YjWj_lW [hW cWdj[d[h e ikf[hWh [iW Y_\hW" oW gk[ i[]‘d [nfb_YŒ Hk[ZW" YkWdZe i[ h[Wb_pWd YWcfW‹Wi [d _dij_jkY_ed[i f‘Xb_# YWi e fh_lWZWi Z[b YWdjŒd [b d‘c[# he h[Y[fjWZe eiY_bW [djh[ bWi (+ o )& f_djWi$ C[dY_edŒ WZ[c|i gk[ f[i[ W bW
_d\ehcWY_ÂŒd l[hj_ZW c[i[i Wjh|i" bW ZedWY_ÂŒd lebkdjWh_W Yedj_d‘W i_[dZe f[hcWd[dj[ [d bW Ă’b_Wb Z[ 9ejefWn_$ Bei ^ehWh_ei ied0 Z[ bkd[i W l_[hd[i Z[ .0&& W ''0)& o Z[ ')0&& ',0)&" [b ZedWdj[ Z[X[ WYkZ_h Yed Xk[dWi YedZ_Y_ed[i Z[ iWbkZ" ik YƒZkbW o bk[]e Z[ ^WX[h Yedikc_Ze Wb_c[djei$
ŋ')($ ŋ+/ ŋ -šŋ ŋ &0#-ŋ , -& 3
Ŋ Ŋ 1 Ŋ+ Ŋ2#!!(¢!41(.2.Ğ+ '.1 ē!.,ē#!
ēŊ .+.1#2Ŋ 13Ŋ,4#231 Ŋ#-Ŋ24Ŋ "~ Ŋ4- Ŋ$.3.Ŋ04#Ŋ1#!.%#Ŋ#+Ŋ #2.Ŋ!.-Ŋ +5(2
YediW]hWZWi0 C[hob Ijh[[f" =Who EbZcWd" =[eh][ 9beed[o i_d _cW# ]_dWh gk[ Wgk[bbW ck`[h Wb]kdW l[p [ijkle Z[ij_dWZW Wb Eb_cfe Z[ >ebbomeeZ" f[he be WXWdZedÂŒ$ +ĹŠÄĽ,;2ĹŠ+ 1%.ÄŚĹŠ"#+ĹŠ!(-# ;d iebe Y_dYe W‹ei :ebeh[i ]hWXÂŒ Z_[p f[b‡YkbWi Yed WYjeh[i Yece Cedj]ec[ho 9b_\\" 7dj^edo Gk_dd" HeX[hj MWhd[h" =[eh][ >Wc_bjed o ;bl_i$ O ik X[ie [i Yedi_Z[hWZe feh ckY^ei Yh‡j_Yei Yece kde Z[ bei
c|i bWh]ei Z[ bW ^_ijeh_W Z[b iƒfj_# ce Whj[" Wkdgk[ de feh ik ZkhWY_ÂŒd [d bW fWdjWbbW i_de feh bWi h[f[j_# Y_ed[i gk[ b[i f[Z‡W [b Z_h[Yjeh$ ÆDei iedhe`Wcei lWh_Wi l[Y[i" Wi‡ gk[ [b Z_h[Yjeh YehjWXW bW [iY[# dW" f[Z‡W gk[ dei cWgk_bbWhWd o lebl‡Wcei W [cf[pWh$ ;d bW fWd# jWbbW ‘d_YWc[dj[ ZkhÂŒ '+ i[]kd# Zei" f[he [d bW c[ceh_W bb[lW c|i Z[ ++ W‹eiÇ" Z[jWbbW bW h[b_]_eiW Z[iZ[ bW WXWZ‡W H[]_dWd BWkZ_i Z[ 9edd[Yj_Ykj ;;$KK$ " gk[ WfWh[Y[ [d [b ZeYkc[djWb$ 889
KiWZei ZkhWdj[ ckY^e j_[cfe" iebe feh cej_lei [ijƒj_Yei" bei Ăˆ]hWXWZeiÉ [d [b Yk[hfe [ij|d YWZW l[p c|i Ykcfb_[dZe kdW \kdY_ÂŒd l_jWb0 _d\ehcWh W bei i[h# l_Y_ei cƒZ_Yei Z[ gk[ [b fWY_[d# j[ j_[d[ Wb]‘d j_fe Z[ [d\[hc[# ZWZ YhÂŒd_YW e Wb[h]_W$ ;d ;ijWZei Kd_Zei i[ ^W eXi[hlWZe bW Yh[Y_[dj[ fefkbW# h_ZWZ Z[ [ij[ j_fe Z[ c[diW`[i [d bW f_[b" Yece feh [`[cfbe Ăˆ:_WXƒj_Ye$ J_fe (É" WYecfW‹WZei Z[ WZehdei kikWb[i [d bei jWjkW# `[i" Yece jh_XWb[i e kd YehWpÂŒd$ :khWdj[ ckY^ei W‹ei" bWi f[hiedWi gk[ jecWXWd [ij[ j_fe Z[ fh[YWkY_ed[i ^Wd kiWZe fkb# i[hWi e Yeb]Wdj[i" f[he WcXei j[d‡Wd [b _dYedl[d_[dj[ Z[ gk[ Yed [b j_[cfe i[ hecf‡Wd e f[h# Z‡Wd$
ÆIed [if[Y_Wbc[dj[ fh|Yj_Yei fWhW Wgk[bbei gk[ jhWXW`Wd [d bk]Wh[i [d bei gk[ de [ij| f[h# c_j_Ze fehjWh Yeb]Wdj[iÇ" [nfb_YW 8WhX MW]ijW\\" \kdZWZehW Z[ bW WieY_WY_ÂŒd YWdWZ_[di[ :_WX[j[i 7ZleYWYo$ Æ;d [iei YWiei bei jhW# XW`WZeh[i i[ i_[dj[d c|i i[]k# heiÇ" Yedj_d‘W$ 7b]kdei jWjkW`[i _d\ehcWd gk[ [b fehjWZeh fWZ[Y[ Wb]‘d j_fe Z[ Wb[h]_W" Yece W bW f[d_Y_b_dW$ Ejhei fh[Y_iWd gk[ bW f[hiedW de gk_[h[ h[Y_X_h Wb]‘d j_fe Z[ jhWjWc_[dje Yece bW Yk[ij_edWZW h[Wd_cWY_ÂŒd YWhZ_efkbcedWh$ MW]ijW\\ cWd_\_[ijW gk[ [d bei ‘bj_cei i[_i W‹ei ^W l_ije W c|i ][dj[ kiWdZe [ij[ j_fe Z[ jWjkW`[i o gk[ jWdje WZeb[iY[dj[i Yece _dZ_l_Zkei Z[ c|i Z[ +& e ,& W‹ei bei bb[lWd$ 889
ēŊ 23#Ŋ3(/.Ŋ"#Ŋ3 34 )#2Ŋ,_"(!.2Ŋ2#Ŋ24#+#-Ŋ%1 1Ŋ#-Ŋ+.2Ŋ 1 9.2Ŋ
CONVOCATORIA
CONVOCATORIA
Se cita a todos los seĂąores accionistas de la CompaĂąĂa SERVICIO DE TRANSPORTE EXTRAPESADO PROVINCIA DE EL COTOPAXI S.A. de la ciudad de Latacunga, a la sesiĂłn de Junta General Ordinaria, a realizarse de dĂa SABADO 10 DE MARZO DEL 2012, a las 19H00, (SIETE DE LA NOCHE) en la sede de la InstituciĂłn, Avenida Amazonas Nro. 945 y Antonio JosĂŠ de Sucre, para tratar el siguiente orden del dĂa:
% #.-&.0,)$!$ #.- +.1 02 8 $% +! %5 $% .,/!<;!1 5 %+ 02 $%+ 12!232. .#)!+ $% +! .,/!<;! #>,/+%,% ! +.1 1%<.0%1 ##).-)12!1 $% +! .,/!<;! $% 0!-1/.02% /%1!$. 7 9 ! +! 3-2! %-%0!+ 0$)-!0)! ! #%+%"0!01% %+ $;! :"!$. $% !06. $%+ ! +!1 ( %- +! .?#)-! $% +! -12)23#)=- 3")#!$! %- +! #!++% ;. ++3#() %-20% +! !0#. 3";! 5 #!++% !-!"; #.- %+ /0./=1)2. $% 20!2!0 %+ 1)'3)%-2% 0$%- $%+ ;!
1. ConstataciĂłn del quĂłrum e instalaciĂłn de la sesiĂłn 2. Informes de los seĂąores: Presidente, Gerente General y del seĂąor Comisario de las gestiones realizadas en el perĂodo del aĂąo 2011 3. Lectura, anĂĄlisis y aprobaciĂłn de los balances del aĂąo 2011 4. AprobaciĂłn del CRONOGRAMA DE TRABAJO DEL AĂ‘O 2012, SEGĂšN DE LA DISPOSICIĂ“N DE LA SUPERINTENDENCIA DE COMPAĂ‘Ă?AS 5. Conocimiento y aprobaciĂłn sobre las resoluciones de la Ley OrgĂĄnica de la EconomĂa 6. Asuntos varios 7. Resoluciones 8. AprobaciĂłn del Acta
-&.0,% $%+ %<.0 %0%-2% %-%0!+ -&.0,% $%+ %<.0 .,)1!0). -:+)1)1 5 !/0."!#)=- $%+ !+!-#% %-%0!+ #.00%1/.-$)%-2% !+ !<. %1.+4%0 !13-2.1 $% 20!"!*.
Por la gentil y puntual atenciĂłn, anticipamos los debidos agradecimientos
Latacunga, 28 de febrero del 2012 Sr. TomĂĄs Gilberto Corrales EspĂn PRESIDENTE
!2!#3-'! $% %"0%0. $%+ )# !"):- !$0)$ !)#%$.
ÄŠ
./ $ -ŋ+/ ŋ*/ (ŋ - &0 ,ŋ'/ " -ŋ0# -
+ĹŠÄĽ1#8ĹŠ"#+ĹŠ1.!*ÄŚĹŠ+#ĹŠ 1.9¢Ŋ+.2ĹŠ+ (.2ĹŠ4- ĹŠ ,4)#1ĹŠ04#ĹŠ+4#%.ĹŠ 2#ĹŠ!.-5#13(1~ ĹŠ#-ĹŠ , "1#ĹŠ24/#1(.1 ēŊ <k[ bW fh_c[hW ck`[h gk[ X[iÂŒ W ;bl_i Fh[ib[o [d kdW f[b‡YkbW ĂˆBe# l_d] oekÉ " [ijh[dWZW [d '/+-$ ;d [i[ [djedY[i" ƒb [hW kd h[je‹e o [bbW kdW hkX_W Z[ e`ei Wpkb[i gk[ ckY^ei Z_h[Yjeh[i Z[ >ebbomeeZ Wd^[bWXWd Yece ckiW$ Iki YWhh[hWi Wf[dWi Z[if[]W# XWd" f[he [bbW" :ebeh[i >Whj" Z[ (+ W‹ei" Z[Y_Z_ÂŒ Z[`Whbe jeZe" _dYbk_ZW bW \WcW" fWhW Yedl[hj_hi[ [d ced`W$ 7i‡" bW ‘bj_cW l[p gk[ i[ bW l_e [djh[ [b ]bWcekh o bWi Wb\ecXhWi he`Wi \k[ [d bW [djh[]W Z[ bei fh[c_ei EiYWh Z[ '/+/ ZedZ[ \k[ bW fh[i[djWZehW$ >WijW gk[ c|i Z[ c[Z_e i_]be Z[i# fkƒi lebl_ÂŒ W f_iWh bW Wb\ecXhW Z[b j[Wjhe AeZWa Z[ Bei Ă›d][b[i" [d bW .* [Z_Y_ÂŒd Z[b fh[c_e" [b Zec_d]e fWiWZe$ ;d [ijW eYWi_ÂŒd de bb[lWXW b[d# j[`k[bWi d_ cWgk_bbW`[" Yece [d ejhW ƒfeYW" i_de ik ^|X_je Z[ cWZh[ ikf[h_ehW$ BW WYecfW‹WXWd bWi Zei Z_h[YjehWi Z[b ZeYkc[djWb Ăˆ=eZ _i j^[ X_]][h ;bl_iÉ :_ei [i c|i ]hWdZ[ gk[ ;bl_i gk[ Yk[djW ik jhWdi\ehcWY_ÂŒd o gk[ \k[ dec_# dWZe fWhW kdW [ijWjk_bbW$ Æ>W lk[bje W ik YWiWÇ" Yec[d# jÂŒ H[X[YYW 9Wcc_iW" kdW Z[ bWi Z_h[YjehWi" c_[djhWi bW cWZh[ :ebeh[i" Z[ -) W‹ei" iWbkZWXW W bWi Y|cWhWi$ 7 ik bWZe Z[i\_bWXWd [ijh[bbWi
Ä€Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ?
Sr. Alex Omar Segovia Rubio GERENTE GENERAL
NOTA: De manera especial se cita al seĂąor Comisario MARIO ALCIDES JARA SAMANIEGO 25423
M8I@FJ I<>@JKIF ;< C8 GIFG@<;8; ;<C :8EKäE GLA@CĂ 8M@JF 8C Gè9C@:F Hl\ [\ Zfe]fid`[X[ X cf \jkXYc\Z`[f \c 8ikˆZlcf .)/ [\c :Â?[`^f :`m`c# j\ mX X gifZ\[\i X cX `ejZi`gZ`Â?e [\ leX \jZi`kliX gÂ’Yc`ZX [\ ZfdgiX m\ekX Z\c\YiX[X \c [`\q p j\`j [\ [`Z`\dYi\ [\c [fj d`c el\m\# Xek\ \c EfkXi`f J\^le[f [\c :XekÂ?e Gla`cˆ# gfi cX hl\1 D8I@8 AL8E8 A8:FD< Fz8# m\e$ [\e X ]Xmfi [\ N@CJFE FJN8C;F K@>8J@ G8CCF# le cfk\ [\ k\ii\ef [\ ki\jZ`\ekfj Z`eZl\ekX d\k$ ifj ZlX[iX[fj# lY`ZX[f \e cX GXiifhl`X Gla`cˆ# Gifm`eZ`X [\ :fkfgXo`# p hl\ j\^Â’e \c d`jdf j\ [\dXiZX gfi cfj j`^l`\ek\j c`e[\ifj1 Efik\# gifg`\[X[ [\ J\^le[f :Xicfj L^j_X# Jli# gifg`\$ [X[ [\ Afj„ K`^Xj` DljlÂŒX# <jk\# ZXd`ef gÂ’Yc`Zf# p F\jk\# gifg`\[X[ [\ DXiˆX :cXiX FÂŒX% <C I<>@JKI8;FI ;< C8 GIFG@<;8; ;<C :8EKFE GLA@CĂ % =`idX @c\^`Yc\ ?Xp le j\ccf ]&),*',!)*-. ALQ>8;F EFM<EF ;< CF :@M@C ;<C :8EKFE J8C:<;F :@K8:@FE AL;@:@8C 8:KFI1 :<J8I<F HL@JG< C8>L8HL@Q8 ;<D8E;8;81 J<>LE;8 :C<D<E:@8 :?8E>FCL@J8 HL@JG< :L8EK@81 @E;<K<ID@E8;8 KI8D@K<1 ; @ MF I : @ F M<I98C JLD8I@F :L8J8 Ef% ,-+$)'(( :fe \jkfj Xek\Z\[\ek\j# XZl[f Xek\ ljk\[ j\ÂŒfi al\q# gXiX hl\ d\[`Xek\ j\ek\eZ`X [`jl\cmX \c mˆe$ Zlcf dXki`dfe`Xc hl\ d\ le\ Zfe d` ZÂ?epl^\ p leX m\q \a\Zlkfi`X[X cX d`jdX fi[\e\ jl dXi^`eXZ`Â?e \e \c I\^`jkif :`m`c% <jkX g\k`Z`Â?e cX _X^f XdgXiX[f \e cf hl\ [`jgfe\ cfj 8ik% (('# eld\iXc ((# `eZ`jf )[f% ;\c :Â?[`^f :`m`c% ALQ>8;F EFM<EF ;< CF :@M@C ;< J8C:<;F% JXe D`^l\c [\ JXcZ\[f# al\m\j (0 [\ \e\if [\c )'()# cX (*_,)%$ M@JKFJ1 8MF:F ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\c jfi$ k\f [\ c\p p _XY\ij\ Zldg$ c`[f Zfe cf [`jgl\jkf \e gifm`[\eZ`X Xek\i`fi%$ <e cf gi`eZ`gXc cX [\dXe[X hl\ j\ ZXc`]`ZX \j ZcXiX# gi\Z`jX Zfdgc\kX p i\Â’e\ cfj i\hl`$ j`kfj [\ c\p# gfi cf hl\ j\ cf X[d`k\ X ki}d`k\ \e cX mˆX [\c Al`Z`f M\iYXc JldXi`f%$ Gfi ZlXekf \c XZkfi X Zldg$ c`[f Zfe cf hl\ fi[\eX \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# Zˆk\j\ X cX [\dXe[X[X J<>LE;8 :C<D<E:@8 :?8E>FCL@J8 HL@JG< gfi cX gi\ejX \e
lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`�e hl\ j\ \[`kXe \e cX :`l[X[ [\ CXkXZle^X# Gifm`eZ`X [\ :fkfgXo`# gfi ki\j fZXj`fe\j p Zfe le `ek\imXcf [\ fZ_f [ˆXj [\ leX glYc`ZXZ`�e X cX fkiX# hl`\e cf Zfek\jk\ [\ekif [\c k„id`ef c\^Xc# YXaf gi\m\e$ Z`fe\j [\ c\p%$ 8^i„^l\j\ Xc gifZ\jf cX [fZld\ekXZ`�e hl\ j\ XZfdgXŒX%$ K�d\j\ \e Zl\ekX cX ZlXekˆX# :Xj`ccX Al[`Z`Xc hl\ j\ŒXcX \c XZkfi gXiX i\Z`Y`i jlj efk`]`ZXZ`f$ e\j p cX ]XZlckX[ hl\ c\ Zfe$ ]`\i\ X jl 8Yf^X[f [\]\e$ jfi%$ :ˆk\j\# Efk`]ˆhl\j\ p glYcˆhl\j\%$ ] ;i% :Xicfj I% 9XiiX^}e F%# Al\q% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j c\^Xc\j g\i$ k`e\ek\j# gi\m`e`„e[fc\ \e c\^Xc ]fidX [\ cX fYc`^XZ`�e hl\ k`\e\ [\ j\ŒXcXi ZXj`c$ c\if al[`Z`Xc gXiX jlj efk`$ ]`ZXZ`fe\j% JXe D`^l\c [\ JXcZ\[f# \e\if ), [\c )'() ;I% >FEQ8CF Q8D9I8EF CFG<Q J<:I<K8I@F ;<C ALQ>8;F =`idX `c\^`Yc\ ?Xp [fj j\ccfj ]&),(/*!)*,( 8M@JF AL;@:@8C ALQ>8;F K<I:<IF ;< CF :@M@C ;< C8K8:LE>8 :@K8:@FE AL;@:@8C 8C J<zFI 8ID8E;F I8D@IF DFI8C<J 8P8C8 AL@:@F ;< ;@MFI:@F Ef% (+$)'()$I%C% 8:KFI81 D8I@8 AFJ<=@E8 :I@FCCF :8A8D8I:8 ;<D8E;8;F1 8ID8E;F I8D@IF DFI8C<J 8P8C8 :L8EK@81 @E;<K<ID@E8;8 GIFM@;<E:@81 ALQ>8;F K<I:<IF ;< CF :@M@C ;< C8K8:LE>8%$ CXkXZle^X# dXik\j )+ [\ \e\if [\ )'()# cXj '/_)*%$ M@JKFJ%$ 8mfZf ZfefZ`d`\e$ kf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\c jfik\f i\Xc`qX[f p \e d` ZXc`[X[ [\ Al\q K\iZ\if [\ cf :`m`c%$ <e cf gi`eZ`gXc# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\$ Z`jX p i\’e\ cfj [\d}j i\hl`j`kfj [\ C\p2 \e Zfe$ j\Zl\eZ`X# XZ\gk}e[fj\ Xc kiXd`k\ m\iYXc jldXi`f# j\ [`jgfe\ Z`kXi Xc [\dXe[X$ [f Ji% 8ID8E;F I8D@IF DFI8C<J 8P8C8# [\ Zfe$ ]fid`[X[ Zfe cf [`jgl\jkf \e \c 8ik% /) [\c :�[`^f [\ GifZ\[`d`\ekf :`m`c :f[`]`ZX[f p aliXd\ekf i\e$ [`[f# gfi cX gi\ejX# \e lef [\ cfj [`Xi`fj [\ dXpfi Z`i$ ZlcXZ`�e [\c :Xek�e# d\[`$ Xe[f \c k\id`ef [\ ZlXe[f d\efj fZ_f [ˆXj \eki\ leX p fkiX glYc`ZXZ`�e%$ 8^i„^l\j\ cfj [fZld\ekfj XZfdgXŒX[fj%$ K„e^Xj\ \e Zl\ekX cX `ej`elXZ`�e [\ :liX[fi 8[$C`k\d p \c ZXj`c$ c\if al[`Z`Xc [\j`^eX[f%$ :ˆk\j\ p Efk`]ˆhl\j\%$ ]%$ ;i% J\^le[f :Xe[f D\e[`\kX%$ AL<Q%$ Cf hl\ Zfdle`Zf X ljk\[ p CF :@KF# gi\m`e`„e[fc\
[\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\ÂŒXcXi ZXj`cc\if al[`Z`Xc gXiX gfjk\i`fi\j efk`]`ZXZ`f$ e\j%$ :\ik`]`Zf%$ 8Y% AlXe DXc[feX[f 8ifZX J<:I<K8I@F ALQ>8;F K<I:<IF ;< CF :@M@C ;< C8K8:LE>8 =`idX @c\^`Yc\ ?Xp le j\ccf =&),(/(!)*,'
8ELC8:@FE<J 98E:F JL;8D<I@:8EF# Zfdle`ZX hl\ gfi _XY\ij\ \okiXm`X[f cfj Z_\hl\j Ef% (('$((* [\ cX :kX% :k\% Ef% *)'''*0/( g\ik\e\Z`\ek\j X AL8E :8CLz8 gifZ\[\ X cX j`^l`\ek\ glYc`ZXZ`�e X ]`e [\ gi\m\e`i Xc g’Yc`Zf ZlXchl`\i ljf `e[\Y`[f hl\ gl[`\iX [Xij\ X cfj ]fidl$ cXi`fj Xek\j d\eZ`feX[fj p gfi Zfej`^l`\ek\ ef Xjld\ e`e^leX i\jgfejXY`c`[X[% =`idX 8lkfi`qX[X =&),+(. C`Yi\kX <okiXm`X[X Gfi g„i[`[X mX X XelcXij\ cX c`Yi\kX [\ X_fiifj Ef% +,'('(/,.*# \og\[`[X gfi cX :ffg% )0 [\ FZklYi\2 X ]Xmfi [\ 8E><C J<>LE;F P8E<Q >LK@<II<Q% GifZ\[\ X cX j`^l`\ek\ glYc`ZXZ`�e X ]`e [\ gi\m\e`i Xc g’Yc`Zf ZlXchl`\i ljf `e[\Y`[f hl\ gl[`\iX [Xij\% =&),+)'
98E:F ILD@z8?L@ C8K8:LE>8 HL<;8 8ELC8;8 Gfi g„i[`[X [\ cX c`Yi\kX [\ X _ f i ifj : kX % E f% $ /'.+(/*+'' Eif% :XikfcX (.)0((+')/. [\c 9XeZf Ild`ŒX_l`% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj () [ˆXj gfj$ k\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:&(*0+( ( d^ 44444
IMPORTANTE OPERADORA DE TURISMO
YAMBO TOURS INTERNATIONAL C.A.
% ! $
% # " !
!4&,5& " &23" $*4%"% $/. 2&$1&3/2 %& ," & # " $% # ! " ",4% *.&1/ -/1 !*"+&2 &$341" %& ," !&," 6 "1/3 .%*./
" 4". #&, $)&5&11*" 6 9.$)&7 %& 1&,,"." +4.3/ " ," 0*77&1:" 8 .(&,/
ĹŠ
SE NECESITA
AL POR MAYOR Y MENOR Venta de puntales ULMA, seminuevos, reforzado. AL CONTADO Y CRÉDITO Telfs: 099 44 51 41 / 022 75 00 91 Correo: distribuidora.alvaresa@yahoo.es SANTO DOMINGO - ECUADOR
Guardias de 20 a 25 aĂąos para laborar en la COAP Nuevo PaĂs, presentarse con documentos en regla en la calle 5 de Junio y Antonio Vela. Telf.: 2804207
ĹŠ
J\ gfe\ \e jl ZfefZ`d`\ekf [\c G’Yc`Zf \e ^\e\iXc hl\ c\ [ˆX dXk\j - [\ DXiqf [\c )'()# [\j[\ cXj (*_'' X cXj (._''# \e cX J\Zi\kXi`X [\c Alq^X[f [\ KiXYXaf [\ CXkXZle^X# gfi fi[\e [\c d\e$ Z`feX[f Al\q \e Xlkf [`ZkX[f \c ). [\ ;`Z`\dYi\ [\c )'((% CXj (+_(0# k\e[i} \c cl^Xi \c I\dXk\ [\c Y`\e @edl\Yc\ [\ gifg`\[X[ [\ cX gXik\ [\dXe[X[X# ZlpXj ZXiXZk\iˆjk`ZXj# c`e[\ifj p dXj \jg\Z`]`ZXZ`fe\j jfe cXj j`^l`\ek\j1 GI@D<IF1 <c gi\[`f dXk\i`X [\c Al`Z`f FiXc j\ \eZl\ekiX lY`ZX[f \e \c j\Zkfi JXe 8ekfe`f [\ JXekX IfjX# GXiifhl`X GXjkfZXcc\# :Xek�e CXkXZle^X# gifm`eZ`X [\ :fkfgXo`# I\glYc`ZX [\c <ZlX[fi# \c d`jdf hl\ j\ \eZl\ekiX [\ekif [\ cfj j`^l`\ek\j c`e[\ifj p [`d\ej`fe\j1 C@E;<IFJ1 ;@D<EJ@FE<J1 EFIK<1 Gifg`\[X[ [\ cX ?XZ% JXekX IfjX# Cfk\j JXe 8ekfe`f *0,#-) p JXe @^eXZ`f JLI1 Hl\YiX[X p ZXii\k\iX GlYc`ZX X GXjkfZXcc\ ,+*%,+ <JK<1 :Xd`ef G’Yc`Zf )/+#'' F<JK<1 Cˆe\X Hl\YiX[X )-)#'' J<>LE;F%$ <c gi\[`f \e c`k`j k`\e\ cXj j`^l`\ek\j Xii\Xj p ZXiXZk\iˆjk`ZXj k„Ze`ZXj1 <c k\ii\ef \j [\ ]fidX `ii\^lcXi# kfgf^iX]ˆX `eZc`eX[f Zfe g\e[`\ek\ _XZ`X \c Efik\# p k`\e\ leX jlg\i]`Z`\ kfkXc [\ k\ii\ef ()-%+(+#'' d) p# leX jlg\i]`Z`\ [\ cX m`m`\e[Xj \j [\ 0.%)+*#+' <e \c gi\[`f \o`jk\e XdY`\ek\j hl\ Zfdgfe\e cXj :fejkilZZ`fe\j1 :( ;fj G`jfj1 (\i G`jf4:lXikf <dgXhl\$:lXikf =iˆf$:lXikf [\ :Xik�e$:lXikf [\ :XaXj$ :lXikf [\ 9fdYXj2 :) )[f% G`jf4:lXikf F]`Z`eXj$Le ?Xcc p JXcX [\ J\j`fe\j2 :) Le G`jf4:fejlckfi`f$M\jk`[fi\j$9XŒfj$:fd\[fi$:fZ`eX$ LeX 9f[\^X :* Le G`jf4Gfj Zfj\Z_X$:lXikf [\ 9fdYXj2 :+ Le G`jf4@em\ieX[\ifj2 :, Le G`jf I\j\imfi`f [\ 8^lX2 :- Le G`jf4:lXikf [\ 9fdYXj [\ J\[`d\ekXZ`�e :. LeX ZXeZ_X [\ 9}jhl\k# p \c k\ii\ef hl\ j\ c\ [\kXccX \e \c XmXc’f [\ Y`\e\j$iXˆZ\j X[alekf k`\e\ le mXcfi [\ -.'%-*)#-' J\`jZ`\ekfj j\k\ekX d`c j\`jZ`\ekfj ki\`ekX p [fj Zfe -'&('' :\ekXmfj% J\ XZ\gkXiXe gfjkliXj [\j[\ Xhl\ccXj hl\ ZlYiXe cXj [fj k\iZ\iXj gXik\j [\c XmXc’f g\i`Z`Xc gi\m`f \c [\gfj`kf [\c (' jfYi\ \c mXcfi [\ cX gfjkliX \e [`e\if \]\Zk`mf f Z_\hl\ Z\ik`]`ZX[f X cX fi[\e [\c Alq^X[f [\ KiXYXaf [\ CXkXZle^X% ;i% @m}e =i\`i\ C�g\q J<:I<K8I@F
*105301
!
I %[\c <% :8IK<C ;< I<D8K<
CXkXZle^X# ). [\ ;`Z`\dYi\ [\c )'((
'
Ĺ? Ä€Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ?
163850/mz
Ä Ä€
ĹŠ
ĹŠ ĹŠ ĹŠ ĹŠ
=`idX @c\^`Yc\ ?Xp le j\ccf ]&),+'*!)*/-
! "
Sr. JosĂŠ Vicente Ă lvarez Herrera
#
" #
"
Latacunga, febrero del 2012
Ĺ?Ĺ? Ä€Ä Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ?
Ä Ä
& ( Ĺ‹ Ĺ‹ .#0# Kd W‹e o YkWjhe c[i[ Z[ifkƒi Z[ i[h decXhWZe Yece `[\[ Z[ bW :_h[YY_ÂŒd Fhel_dY_Wb 7dj_dWhYÂŒ# j_Yei Z[ 9ejefWn_" FWjh_Y_e O|d[p BÂŒf[p" cWoeh Z[ feb_Y‡W" bW cW# ‹WdW Z[ Wo[h h[Y_X_ÂŒ bW Yeckd_# YWY_ÂŒd eĂ’Y_Wb fWhW ik jhWibWZe W ejhW fbWpW Z[ jhWXW`e$
,,)-ŋ )(ŋ v!#.)ŋ )-ŋ ŋ ' .,# /& ,- ŋ - ŋ")3 ¥ ēŊ .2Ŋ/. + ".1#2Ŋ !4"(#1.-Ŋ"#Ŋ, -#1 Ŋ, 2(5 Ŋ Ŋ1# +(9 1Ŋ24Ŋ31;,(3#2ē
.2ĹŠ424 1(.2ĹŠ 2(23(#1.-ĹŠ#+ĹŠĂŒ+Äą 3(,.ĹŠ"~ ĹŠ, 2(5 Äą ,#-3#ĹŠ ĹŠ!4,/+(1ĹŠ !.-ĹŠ+.2ĹŠ31;,(3#2Ä“
Ceb[ijei o Wb]e fh[eYkfWZei i[ [dYedjhWXWd bei feXbWZeh[i gk[ WYkZ_[hed W bW 7][dY_W BWjWYkd# ]W Z[ bW 9ec_i_Œd Fhel_dY_Wb Z[ Jh|di_je" oW gk[ i[ W]ebfWhed [d bWi _dc[Z_WY_ed[i Z[ bW [dj_ZWZ fWhW Ykcfb_h Yed bW cWjh_YkbWY_Œd Z[ bei YWhhei$ 31~!4+ 2 I[]‘d [b YWb[dZWh_e fWhW bW cW# jh_YkbWY_Œd l[^_YkbWh" [c_j_Ze feh bW 7][dY_W DWY_edWb Z[ Jh|di_je
")+/ Ĺ‹ ,)(. &Ĺ‹ (Ĺ‹ /'#* ' KdW \Wc_b_W i[ l_ij_ÂŒ Z[ bkje jhWi kd \k[hj[ WYY_Z[dj[ eYkhh_Ze W [ie Z[ bWi '+0(& Z[b bkd[i Wdj[h_eh [d bW FWdWc[h_YWdW ikh W bW WbjkhW Z[ Hkc_fWcXW" kdW f[hiedW \Wbb[Y_ÂŒ o kdW h[ikbjÂŒ ^[h_ZW fheZkYje Z[b f[hYWdY[$ I[]‘d [b _d\ehc[ feb_Y_Wb [b ^[# Y^e \k[ YWjWbe]WZe Yece kd Y^e# gk[ \hedjWb [nYƒdjh_Ye [djh[ kdW YWc_ed[jW CWpZW" Yebeh l[hZ[" Z[ fbWYWi J:<#',, Ykoe YedZkYjeh \k[ bb[lWZe W kdW YWiW Z[ iWbkZ o
7DJ " ^WijW Wo[h feZh‡Wd cWjh_# YkbWhi[ Z[ cWd[hW ehZ_dWh_W bei l[^‡Ykbei YkoW fbWYW Ă’dWb_pW Yed [b Z‡]_je kde o Z[ cWd[hW lebkd# jWh_W bei Wkjecejeh[i YkoW fbWYW Ykbc_d[ Yed [b Z‡]_je Zei$ 7 fWhj_h Z[ ^eo bei Wkjecejeh[i Yed fbWYW Zei" Z[X[d cWjh_YkbWhi[ Z[ cWd[hW eXb_]Wjeh_W o lebkdjW# h_Wc[dj[ bei YWhhei o cejeY_Yb[jWi YkoW fbWYW Ă’dWb_pW [d jh[i$ 7Z_Y_edWb W [bbe bei \kdY_edWh_ei Z[ bW 7DJ [nfb_YWhed gk[ bei Wk# jecejeh[i gk[ de \k[hed cWjh_# YkbWZei [d [b f[h_eZe ehZ_dWh_e Z[X[h|d YWdY[bWh kdW ckbjW Z[ +& ZÂŒbWh[i feh bW YWb[dZWh_pWY_ÂŒd$ I[]‘d bei ZWjei [djh[]WZei feh bei \kdY_edWh_ei Z[ bW [dj_ZWZ" [b l_[hd[i Wdj[h_eh Wj[dZ_[hed W ('* kikWh_ei" [ij_cWd gk[ c|i e c[# dei Wj[dZ_[hed bW c_icW YWdj_ZWZ bei Z‡Wi Wdj[h_eh[i$
feij[h_ehc[dj[ \Wbb[Y_Œ W YWkiW Z[ bWi ]hWl[i b[i_ed[i Z[ ik Yk[hfe$ JWcX_ƒd [ijkle _dlebkYhWZe kd 9^[lheb[j heZ[e" Yebeh he`e" Z[ fbWYWi HO9#'-+" Ykoe YedZkYjeh de \k[ [dYedjhWZe [d [b cec[dje Z[b fheY[Z_c_[dje feb_Y_Wb$ BW f[hiedW ^[h_ZW [hW fWiW`[# hW Z[ bW YWc_ed[jW i_d_[ijhWZW" bW ck`[h Z[ +/ W‹ei Z[ [ZWZ \k[ jhWi# bWZWZW ^WijW kdW YWiW Z[ iWbkZ fWhW gk[ h[Y_XW bW Wj[dY_Œd cƒZ_# YW Z[b YWie$ ;b Yk[hfe \k[ bb[lWZe W bW ceh]k[ Z[b >eif_jWb =[d[hWb Z[ BWjWYkd]W" c_[djhWi gk[ bei Wk# jecejeh[i jhWibWZWZei ^WijW bei FWj_ei Z[ H[j[dY_Œd L[^_YkbWh Z[ Jh|di_je FHLJ " c_[djhWi i[ Z[iWhhebbWd bWi Z_b_][dY_Wi b[]Wb[i Z[b YWie$
ēŊ .2Ŋ1#5(2.1#2Ŋ5#'(!4+ 1#2Ŋ 3(#-"#-Ŋ Ŋ+ 2Ŋ/#12.- 2Ŋ04#Ŋ !4"#-Ŋ Ŋ+.2Ŋ / 3(.2Ŋ"#Ŋ+ Ŋ %#-!( Ŋ"#Ŋ 1;-2(3.ē
&#.)Ĺ‹ )(., Ĺ‹* ,-)( F[hiedWb feb_Y_Wb WYkZ_ÂŒ W l[h_Ă’# YWh [b heXe Z[b YkWb \k[ eX`[je kdW f[hiedW gk[ YedZkY‡W kd jWn_ f[hj[d[Y_[dj[ W kdW Yeef[hWj_lW Z[b YWdjÂŒd$ ;b ^[Y^ei i[ h[]_ijhÂŒ W [ie Z[ bWi ((0&& Z[b cWhj[i fWiWZe" [d [b i[Yjeh Z[ JWdZWb_l‡ [d bW l‡W W F_bb_]i_bb‡ W bW WbjkhW Z[ bW <be# h‡YebW HeiWbgk[p" [d [i[ i_j_e [b YedZkYjeh Z[b jWn_ Z[ fbWYWi ?7A# *), Z_iYe De$ )*" jecÂŒ YedjWYje Yed bei ][dZWhc[i o b[i [nfb_YÂŒ be ikY[Z_Ze$ I[]‘d YedijW [d bW Z[dkdY_W jh[i ik`[jei de _Z[dj_Ă’YWZei ^W# X‡Wd Wc[Zh[djWZe Wb jWn_ijW Yed WhcWi Z[ \k[]e o bk[]e WiWbjWhed
Wb WikijWZe YedZkYjeh gk_[d de jkle efY_Œd gk[ Yeef[hWh Yed bei Wdj_ieY_Wb[i$ 7Z[c|i" jhWi Yec[j[h [b WYje _b‡Y_je bei WiWbjWdj[i i[ ^WX‡Wd h[j_hWZe Z[b bk]Wh f[]WdZe j_hei Wb W_h[" i[]‘d [b h[fehj[ bei bWZhe# d[i i[ i[ ikijhW`[hed kd j[bƒ\ede Y[bkbWh Dea_W )'(& o bW c[cehW Z[b hWZ_e Z[b Wkjecejeh$ Bei kd_\ehcWZei [nfb_YW# hed [b fheY[Z_c_[dje W i[]k_h Wb WikijWZe Y^e\[h" WZ[c|i bei _d# j[]hWdj[i Z[b Yk[hfe kd_\ehcWZe Wb cec[dje [`[YkjWd bWi _dl[ij_# ]WY_ed[i Z[b YWie fWhW ZWh Yed [b fWhWZ[he Z[ bei h[ifediWXb[i Z[ [ij[ _b‡Y_je$
+ -!# ;d Z_|be]e Yed :_Wh_e BW >ehW" FWjh_Y_e O|d[p BÂŒf[p" [nfb_YÂŒ gk[ [d [b |h[W ef[hWj_lW bW kd_# ZWZ [ij| \ehjWb[Y_ZW" fehgk[ Yk[djWd Yed ]Wijei [if[Y_Wb[i" eĂ’Y_dWi fWhW YWZW ]hkfe Z[ jhW# XW`e" Yk[djWd Yed Zei l[^‡Ykbei YkWjhe cejei o [ij|d fhÂŒn_cei W bb[]Wh kdW YWhhe *n* o cejeY_# Yb[jWi$ ?d\ehcÂŒ gk[ Z[iZ[ Z_Y_[cXh[ Z[ (&'& ^WijW \[Xh[he Z[ (&'( Z[`W Yece iWbZe bW Z[j[dY_ÂŒd Z[ .* f[hiedWi feh j[d[dY_W _b[]Wb Z[ Zhe]Wi" Z[Yec_ie Z[ cWh_# ^kWdW o YeYW‡dW" o kd jhWXW`e _cfehjWdj[ YedjhW [b c_Yhejh|Ă’# Ye Z[ [ijkf[\WY_[dj[i$ ;d bWi YWcfW‹Wi Z[ [ZkYW# Y_ÂŒd [b eĂ’Y_Wb cWd_\[ijÂŒ gk[ [d (&'' be]hWhed YWfWY_jWh W . c_b )&& f[hiedWi W f[iWh Z[ j[d[h kd iÂŒbe YWfWY_jWZeh [d [b Z[fWh# jWc[dje Z[ [ZkYWY_ÂŒd$ ;nfkie gk[ Z[`W ik jhWXW`e Yed iWbZe \WlehWXb[1 [i Z[Y_h gk[ [b YkWZhe Z[ cWdZe _dj[]hWb be Z[`W Yecfb[jWc[dj[ [d l[hZ[" ]hWY_Wi W gk[ [b f[hiedWb Z[ bW Z_h[YY_ÂŒd Wdj_dWhYÂŒj_Yei [i YWb_# Ă’YWZe _dZ_l_ZkWbc[dj[$ O|d[p h[YWbYÂŒ gk[ [d (&'' [b /& Z[b jhWXW`e ef[hWj_le \k[ h[ik[bje ]hWY_Wi W jhWXW`e Z[ _d# j[b_][dY_W" WZ[c|i [if[hWd gk[ [b fheo[Yje fWhW bW Yh[WY_ÂŒd Z[ bW ikX`[\WjkhW Z[ dWhYÂŒj_Yei [d BW CWd| i[W WfheXWZe$ O|d[p jWcX_ƒd [ijkle Wb cWdZe Z[ bW EĂ’Y_dW Z[ 9edjheb o Ikf[h# l_i_ÂŒd Z[ ;cfh[iWi Z[ I[]kh_ZWZ Fh_lWZW 9EIF " Yed gk_[d[i be# ]hÂŒ YeehZ_dWh bW YWfWY_jWY_ÂŒd Z[ )&& ]kWhZ_Wi Z[ i[]kh_ZWZ o [d [ij[ W‹e _cfkbiWh|d bW Yh[WY_ÂŒd Z[ kd i_ij[cW Z[ Yeckd_YWY_e# d[i$ Æ;ijeo iWj_i\[Y^e Z[b jhWXW# `e h[Wb_pWZe" W]hWZ[pYe W jeZei gk_[d[i dei WYecfW‹Whed o Ye# bWXehWhed ZkhWdj[ jeZW bW ][i# j_ÂŒdÇ" Ă’dWb_pÂŒ$
ēŊ Ŋ2(".Ŋ"#2(%- ".Ŋ!.,.Ŋ 2#%41(" "Ŋ"#+Ŋ (-(231.Ŋ"#Ŋ #!412.2Ŋ 4, -.2Ŋ"#+Ŋ !4 ".1ē
Čć! (-!+ēũ
ũćĈũ ũ ũ ũĉćĈĉ
.3./ 7(
Ċďũ :
,/(#9 ũ, 31(!4+ !(¢-ũ !.-ũ-4#5.ũ"~%(3. +ũÌ+3(,.ũ"~ ũ/ 1 ũ04#ũ+.2ũ 43.,.3.1#2ũ!.-ũ "~%(3.ũ4-.ũ2# -ũ1#%(231 ".2ũ!4+,(-¢ũ 8#1ũ8ũ 2#ũ1#%(231¢ũ %+.,#1 !(¢-ũ"#ũ424 1(.2ē : ũ ĈĈ
13(".ũ#+ũ".,(-%.
ũ2#%4-" ũ$#!' ũ"#ũ+ ũ #1(#ũ ũ/ 1 ũ#+ũĥ -ı
24# .ũ .3./ 7#-2#Ħũ2#1;ũ$1#-3#ũ ũ+ ũ -(5#1ı 2(" "ũ 3¢+(! ēũ +ũ!.,/1.,(2.ũ2#ũ"(2/43 1;ũ #-ũ 4(3.ũ#+ũĊũ"#ũ, 19.ũ ũ+ 2ũĈĈĖĊćē : ũ Đ
#%1#2 ũ ũ+ ũ ũ #-ũ)4-(.ũũ +ũ! - +ũ ũ -4-!(¢ũ 04#ũ+ ũ-4#5 ũ!.,#"( ũ "#ũ ' 1+(#ũ '##-ũ2#ũ #231#- 1;ũ#+ũĉđũ"#ũ)4-(.ũ #-ũ ē ēũ : ũ Ĉć
/ 1#!(¢ũ#+ũ #22(ũ "#+ũ 1!#+.- .-ũ31#2ũ%.+#2ũ"#ũ (.-#+ũ #22(Ĕũ 1%#-3(- ũ "#11.3¢ũĊũIJũĈũ ũ 4(9 ũ#-ũ)4#%.ũ ,(23.2.ē
;%(- ũ ĈĎ