Skip to main content

Edición impresa Norte del 14 de noviembre de 2011

Page 1

Ďć! (-!+ēũ Ğ ũ } ĝ §

#5#+ 2ũ! 1(.! 2ũ#-ũ , -.2ũ"#ũ+ ũ .+(!~

41 -3#ũĊćũ .ũ#1 ũ4-ũ3#11(3.1(.ũ2(-ũ$4#19 ũ /Ì +(! Ĕũ".,(- ".ũ/.1ũ -" 2ũ"#ũ- 1!.31 $ı (! -3#2ũ#-ũ 1 2(+ēũ ;%(- ũ đ

, 41 Ĕũ 1!'(

ũĈČũ ũ ũĉćĈĈ §

#"#1#1ũ!.-2(%4(¢ũ #+ũ 23#12ũĈēćććũ "#ũ 1~2 ĈĎ

~ ũ!14!( +ũ/ 1 ũ 3 7(2ũ#)#!43(5.2ũ de [d fh_c[hW _dijWdY_W" fk[i .8ũ2#1;-ũ1#ı i[ fh[ikc[ gk[ Wb]kdei feijk# 5(2 ".2ũ+.2ũ".!4ı bWdj[i fh[i[djWhed _d\ehcWY_ d \WbiW e Wbj[hWZW$ ,#-3.2ũ"#ũ+.2ũ Ik Yeb[]W" >_bZW >[hh[hW" iei# j_[d[ gk[ dWZ_[ Z[X W WZ[bWdjWh# 31 -2/.13(23 2ũ04#ũ i[ W f_djWh iki Wkjec l_b[i$ ÆDe bW WfheXWY_ d Z[Ò d_j_lW" $4#1.-ũ /1. ".2ēũ ^WX W be d_Ye gk[ i[ [djh[] \k[ kd

Ėũ - ũ2#-"#1.ũ "#ũđćũ*(+¢,#31.2ũ"#2"#ũ+ ũ / 11.04( ũ"#ũ (%2(/ , ũ "#ũ , 41 Ĕũ' 23 ũ 4#13.ũ ( 1#ũ"#ũ 4!4, ~.2ũ#2ũ4-ũ /+ -ũ04#ũ 31 #ũ ũ.!'.ũ/ 11.ı 04( 2ēũũ 23 ũ !!(¢-ũ#2ũ(,/4+ı 2 " ũ' !#ũĉĊũ .2ũ/.1ũ+ ũ 2.!( !(¢-ũ"#ũ 1 ) ".1#2ũ +ũ .1 ".ēũ 7(23#ũ4-ũăũ-ũ !+ 1.ũ+ ũ/1.,.!(¢-ũ"#ũ !3(ı 5(" "#2ũ341~23(! 2ēũ 23#ũăũ-ũ "#ũ2#, - ũ'4 .ũ4-ũ/1(,#1ũ !.,/1.,(2.ũ"#ũ+ ũ/1#, -ı !.,4-(" "ũ 1.-3#1 ũ #1"#ēũ +ũ. )#3(5.ũ#2ũ"#2 11.++ 1ũ4-ũ #234"(.ēũ +ũ/1¢7(,.ũ,#2ũ2#ũ !.-!1#3 1;ēũũ ;%(- ũ Đ

ĈĎ

ũ

Đ , ŋ &ŋ #) # - &ŋ 3ŋ )()ŋ- ŋ( Ě -#. (ŋ*,) -#)( Ě & -ŋ (ŋ - -ŋ6, -ąŋ -)ŋ )(., ,#)ŋ . ( , ')-ŋ+/ ŋ #-)&0 ,ŋ& ŋ 'Ě *, - ŋ3ŋ0)&0 ,& ŋ ŋ , ,đ ũ ũ

ũ ũ ũ

;%(- ũ Č

f[hc_ie fhel_i_edWbÇ" [nfb_YW bW ;Z_b$ ;b ^[Y^e [i gk[ Wb]kdei _dYbk# ēũ +ũ -;+(2(2ũ"#ũ+ ũ".!4,#-3 !(¢-ũ"#ũ+.2ũ 2/(1 -3#2ũ ũ3 7(23 2ũ#)#!4ı i[ WXh[ ^eo kdW dk[lW f|]_dW Z[ bW del[bW Z[ bei jWn_ijWi [`[Ykj_lei$ ie oW f_djWhed iki kd_ZWZ[i Z[ 3(5.2Ĕũ"#3#1,(- 1;ũ04(#-#2ũ1#!( (1;-ũ#+ũ/#1,(2.ũ"#ăũ-(3(5.ũ8ũ+.2ũ04#ũ2#ũ04#" -ũ ;b 9edY[`Wb M_bc[h JWXeWZW" Yed# Yebeh WcWh_bbe Yed \hWd`W d[]hW" $4#1 ũ"#+ũ%14/.ēũ Ò hc gk[ h[l_iWh|d dk[lWc[dj[ Yed be YkWb gk[ZWhed _Z[dj_Ò YW# bW ZeYkc[djWY_ d fh[i[djWZW feh Zei$ I_d [cXWh]e" Z[ h[Y_X_h kd jWn_i [`[Ykj_lei" [i YWkje [d iki X_b_ZWZ Z[ [d\h[djWh kd [iY[dWh_e bei Wif_hWdj[i" [if[Y_Wbc[dj[ gk_[# h[l i [d [ijW \Wi[ Z[ Wd|b_i_i" ^W# Wfh[Y_WY_ed[i" fh[Ò [h[ de WZ[bWd# d[]Wj_le$ :[ jeZWi cWd[hWi" kdW d[i \k[hed _cfk]dWZei Z[ bei *&) Xh| i_Ze kd ]Wije [d lWde$ jWh kd fhedkdY_Wc_[dje c_[djhWi fei_Xb[ jecW Z[ c[Z_ZWi [ij| Yed# WfheXWZei$ de [n_ijW kdW l[hi_ d eÒ Y_Wb Z[ bWi Z_Y_edWZW Wb h[ikbjWZe Z[b [ijkZ_e BW _dj[dY_ d [i Z[fkhWh [b ũ+ ũ#2/#1 ũ Wkjeh_ZWZ[i ckd_Y_fWb[i$ De eXi# gk[ h[Wb_Y[ [b Ckd_Y_f_e Z[ ?XWhhW$ b_ijWZe gk[ h[Y_X_ [b l_ije Xk[# <hWdab_d H_[hW" fh[i_Z[dj[ Z[ bei jWdj[" h[YedeY[ gk[ [n_ij[ bW fei_# IWX[ gk[ [b f[hc_ie Z[Ò d_j_le Z[

ũ ũ Ėũ ũ ũ

1!'(ũ#23 1;ũ#-ũ .2ũ 4#%.2ũ (- !(.- +#2

ũěũ;d [b Ckd_Y_f_e Z[ ?XWhhW

- ũ 13#1( ũ #!.+¢%(! ũ4-(1~ ũ ũ , 41 ũ!.-ũ 4!4, ~.2ũ

§

,. - (v ŋ ). 0 & . ( ,6ŋ/(ŋ

/- (ŋ !#&# (ŋ& ŋ- &/ ũ ũ ěũ I[ _cfb[c[dj

Z[iZ[ [b fh_c[he Z[ del_[cXh[ kd dk[le ceZ[be Z[ Wj[dY_ d$ 7 bei ^eif_jWb[i Z[ IWd =WXh_[b" ;b Ûd][b o JkbY|d bb[]Wh|d bei fWY_[dj[i gk[ i[Wd jhWdi\[h_# Zei Z[ bei Y[djhei o ikXY[djhei Z[ iWbkZ$

Bei ^eif_jWb[i jWd iebe Wj[dZ[h|d [d bWi YkWjhe [if[# Y_Wb_ZWZ[i X|i_YWi0 f[Z_Wjh W" ]_d[Yebe] W" eXij[jh_Y_W o Y_# hk] W$ 9ed [ij[ fheY[Z_c_[d# je i[ XkiYW Z[iYed][ij_edWh bWi YWiWi Z[ iWbkZ o Xh_dZWh kd c[`eh i[hl_Y_e$

ũěũ BWi Yedl[hiWY_ed[i o [b

Yecfhec_ie fWhW bW YedijhkYY_ d Z[ kd _ddelWY[djhe [d [b YWdj d WlWdpWd$ I[ jhWjW Z[ kdW _d_Y_Wj_# lW Z[b C_d_ij[h_e Z[ ?dZkijh_Wi o FheZkYj_l_ZWZ gk[ i[ Wfb_YWh| [d [b LWbb[ Z[b 7cWd[Y[h" Yece kdW Wbj[hdWj_lW Z[ _dl[ij_]WY_ d" fhe# ZkYY_ d o Yec[hY_Wb_pWY_ d fWhW bW Whj[iWd W beYWb$ I[ fh[l gk[ [d [ijW i[cWdW bb[]k[ [b IkXi[Yh[jWh_ei Z[ C[Z_W# dWi o F[gk[ Wi ?dZkijh_Wi" fWhW h[Yehh[h fei_Xb[i [ifWY_ei ZedZ[ i[ b[lWdjWh W [ij[ Y[djhe$ ;b 9WX_b# Ze WfehjWh| Yed [b [ifWY_e \ i_Ye$ BW _dl[hi_ d [d [b fbWd XehZ[W bei Zei c_bbed[i Z[ Z bWh[i o WhhWdYW# h| [b fh n_ce W e$ ;%(- ũ ĈĈ

¡ ēũ 2ũ/#12.- 2ũ04#ũ -#!#2(3#-ũ 3#-!(¢-ũ,_"(! ũ"# #-ũ 1#%(231 2#ũ#-ũ+.2ũ!#-31.2ũ8ũ24 !#-ı 31.2ũ"#ũ2 +4"ũ,;2ũ!#1! -.2ēũ

666ē+ '.1 ē!.,ē#!


ŏ ŏ

ŏ

Ă

0%!),+ (! 01. āĆŏ)%*ċ

ŏāąŏ ŏ ŏĂĀāā ŏ +. ŏ ġ

ũ ũ ũ ũ ũ ũ ũ } ũ

'.1 ũ1#24+3 ũ04#ũ.1% -(9 -ũ4-ũ!.-!412.ũ/ 1 ũ/.-#1+#ũ4-ũ-., 1#ũ ũ+ ũ 43.5~ ēũ .2ũ!1##-ũ3 -ũ(%-.1 -3#2ũ!.,.ũ/ 1 ũ-.ũ" 1-.2ũ!4#-3 ũ04#ũ#+ũ -., 1#ũ04#ũ/1./42.ũ#+ũ 1#2("#-3#Ĕũ#2ũ"#!(1Ĕũ .-2# .1ũ #.-(" 2ũ 1. .Ĕũ 5 ũ ũ% - 1ēũ #!(1+#ũ ũ+ ũ%#-3#ũ04#ũ /.13#-ũ!.-ũ-., 1#2ũ#2ũ4-ũ(-24+3.ũ ũ+ ũ (-3#+(%#-!( ũ"#ũ+.2ũ(, 41# .2Ĕũ/.104#ũ ũ+ ũăũ- +ũ#+ũ-., 1#ũ8 ũ2#ũ+.ũ/42.ũ #+ũ,(2,.ũ"~ ũ"#ũ+ ũ(- 4%41 !(¢-ēũ 41 ũ .1;-ũũ 11

ũũ ũ#+(,(- !(¢-ũ "#ũ#2.2ũ-#%.!(.2ũ 2#ũ" 1;ũ31 2ũ4-ũ /1.!#2.ũ"#ũ31 -ı 2(!(¢-Ĕũ04#ũ /."1~ ũ"#,.1 1ũ ' 23 ũ4-.2ũ".2ũ .2ē

ũ } ũ

Ë ēũ +ũ 2(-.ũ .3#+ũ ) 5~ũ8ũ#+ũ .+"#-ũ + !#ũ#1 -ũ+.2ũÌ-(!.2ũ04#ũ$4-!(.- -ũ#-ũ 11 ēũ

),ŋ/( ŋ &. ,( .#0 ŋ& ), &ŋ .2ũ#731 ) ".1#2ũ"#ũ+.2ũ! 2(-.2ũ2#ı 1;-ũ! / !(3 ".2ũ#-ũ;1# 2ũ +3#1- 3(5 2ũ 04#ũ+#2ũ/#1,(3 ũ24ũ1#(-2#1!(¢-ũ+ .1 +ēũ

} ũ ũ ũ

ũ 5#-(" ũ .1%#ũ 49,;-ũ 4" ũ04#ũ!.-#!3 ũ!.-ũ4- ũ! ++#ũ2(-ũ -., 1#Ĕũ#2ũ4- ũ5~ ũ"#ũ"#2!.-%#23(¢-ũ#-ũ#+ũ2#!3.1ũ"#ũ+ ũ -(5#12(" "ũ 3¢+(! ũ #"#ũ 11 ēũ (-ũ#, 1%.ũ2#ũ#-!4#-31 ũ#-ũ!.-"(!(.-#2ũ "#/+.1 +#2ēũ +ũ 4-(!(/(.ũ"# #1~ ũ3., 1+ ũ#-ũ!4#-3 ũ8ũ ".04(- 1+ ũ /4#2ũ#2ũ4- ũ9.- ũ"#ũ,4!'.ũ31;-2(3.Ĕũ 4-04#ũ#-ũ4-ũ/#04# .ũ#2/ !(.ũ 24#+#-ũ!.+.! 1ũ/(#"1 2ũ/ 1 ũ #5(3 1ũ+ ũ!(1!4+ !(¢-Ĕũ+.ũ!4 +ũ-.ũ ćũ .-5(_13#3#ũ#-ũ-4#231.ũ #23;ũ (#-ēũũ 1#/.13#1.ēũ -5~ ũ342ũ$.3.2ũ Ėũ .2ũ#-5~ Ėũ 1+.2ũ (, ũũũ "3.11#2ľ+ '.1 ē!.,ē#!ēũ ~ ũ!.11#.ũ#+#!31¢-(!.

ũĚũ;cfh[dZ_c_[dje" Wkje[# cfb[e o h[_di[hY_ d bWXehWb ied bei [`[i gk[ fbWdj[W [b =eX_[hde fWhW WokZWh W bei jh[i c_b +.) [cfb[WZei Z[ YWi_dei o iWbWi Z[ `k[]ei gk[ i[ gk[ZWhed i_d jhW# XW`e W d_l[b dWY_edWb$ FWhW bei fhe]hWcWi Z[ [c# fh[dZ_c_[djei o Wkje[cfb[e i[ fbWdj[W kdW b d[W Z[ Yh Z_je Yed [b 8WdYe DWY_edWb Z[ <ec[dje$ Bei fh ijWcei _h Wd Z[iZ[ i_[j[ c_b Z bWh[i ^WijW )&& c_b Z[# f[dZ_[dZe Z[b YWie$ ;d ?XWhhW" ZedZ[ [n_ij Wd Zei YWi_dei" Z[ bei Y[hYW Z[ *& [c# fb[WZei" i be eY^e i[ ikcWhed W bW _d_Y_Wj_lW dWY_edWb$ 7kd#

gk[ bW YedleYWjeh_W \k[ fWhW bWi Y_kZWZ[i Z[ Gk_je o =kWoWgk_b" feh j[d[h cWoeh feXbWY_ d Z[ YWi_dei$ 7i be [nfb_Y =[hc|d <beh[i" YeehZ_dWZeh h[]_edWb Z[b c_d_ij[h_e Z[ bW fheZkYY_ d$ ;d [b YWie Z[ bW h[_di[hY_ d bWXehWb" bW _dj[dY_ d [i ZWhb[ YW# fWY_jWY_ d [d [b kie Z[b ?dj[hd[j o Z[ Y ce [d\h[djWh kdW [djh[# l_ijW bWXehWb$ ;ije Yed WokZW Z[b I[hl_Y_e ;YkWjeh_Wde Z[ 9WfWY_# jWY_ d Fhe\[i_edWb I;97F$ .-ũ 4#- ũ !.%("

;b fheo[Yje Z[b =eX_[hde [i X_[d l_ije feh bei [n[cfb[WZei$ FWhW :_[]e F h[p" gk_[d [hW c[i[he"

Ď Đ ũ ĵ ũ ũ

[ij[ fhe]hWcW b[ f[hc_j_h| [d# YedjhWh ejhe jhWXW`e$ xb Yed\ W [d gk[ Wdj[i Z[ j[hc_dWh [b W e j[dZh| kd dk[le [cfb[e$ Iki YecfW [hWi gk[ ^WY Wd bW b_cf_[pW [d [b YWi_de" efjWhed feh YebeYWh kd d[]eY_e fhef_e o Wfb_YWh W kd fh ijWce$ ;bbei ied fWhj[ Z[ bW b_ijW Z[ \kdY_edWh_ei gk[ \k[hed Y[iWZei bk[]e Z[ WfheXWZW bW YedikbjW fefkbWh Z[b fWiWZe - Z[ cWoe$ BW h[Yedl[hi_ d bWXehWb [ijW# h| eh_[djWZW W gk[ bei [njhWXW`W# Zeh[i fk[ZWd [cfb[Whi[ [d WY# j_l_ZWZ[i Z[ jkh_ice o Yec[hY_e [djh[ ejhWi$ ;b fbWd _dYbko[ kdW b d[W Z[ [cfh[dZ_c_[djei" fWhW gk[ bei jhWXW`WZeh[i gk[ WXWdZed[d bei YWi_dei o bWi iWbWi Z[ `k[]e fk[ZWd WYY[Z[h W YWfWY_jWY_ d o Ò dWdY_WY_ d Z[ iki fhef_ei fhe# o[Yjei fheZkYj_lei$


/(# #*#)ŋ , ,6ŋ '*, - ŋ*Ä &# ŋ * , ŋ' ( $)ŋ ŋ - ")-ŋ- &# ) ũ 1"#- -9 ũ2#ũ /1. ¢ũ#-ũ/1(,#1 ũ (-23 -!( ēũ (-ũ#, 1%.Ĕũ-.ũ2#ũ"#ă-#ũ24ũ $4-!(¢-ēũ 8ũ31#2ũ +3#1- 3(5 2ē ũěũ 7 lWh_ei YedY[`Wb[i b[i fh[i gk[ [b C_d_ij[h_e Z[ ;b[Y# jec feh iehfh[iW" Zei Z Wi Wd# jh_Y_ZWZ o ;d[h] W H[delWXb[" j[i" l[h [d [b ehZ[d Z[b Z W Z[ bW [ij| WfeoWdZe Yed bei [ijkZ_ei i[i_ d Z[ 9edY[`e" [b Z[XWj[ Z[ fWhW Z[j[hc_dWh i_ [i \WYj_Xb[ Zei EhZ[dWdpWi dk[lWi fWhW [b Wfb_YWh [b fheo[Yje gk[ [i [d Ckd_Y_f_e Z[ ?XWhhW$ BW fh_c[hW cWdYeckd_ZWZ$ [i bW dehcWj_lW Z[ Yh[WY_ d o Ye# Bei h[ikbjWZei i[h Wd [djh[# ehZ_dWY_ d Z[b 9edY[`e Z[ I[]k# ]WZei bW fh n_cW i[cWdW$ ;n# h_ZWZ 9_kZWZWdW o bW i[]kdZW" bW fb_Y gk[ i_ i[ WY[fjW bW Wbj[hdW# Yh[WY_ d Z[ kdW [cfh[iW f Xb_YW j_lW" bW fbWdjW i[ kX_YWh W [d [b i[Yjeh Z[ IeYWfWcXW o de ckd_Y_fWb fWhW [b jhWjW# [d IWd 7b\edie" fehgk[ c_[dje o Wfhel[Y^Wc_[dje ũũ Z[ bei h[i_Zkei i b_Zei Z[b bei Yeijei Z[ ef[hWY_ d i[h Wd Wbj i_cei$ 9ec[d# YWdj d$ -ũ,(++¢-ũĒććũ I_bl_W 9Wijhe" Z_h[YjehW ,(+ũ"¢+ 1#2ũ+#ũ j gk[ fei_Xb[c[dj[ i[ Z[ IWbkZ o C[Z_e 7cX_[d# !4#23 ũ +ũ [b_c_d[ bW [ijWY_ d Z[ 4-(!(/(.ũ#+ũ j[" h[YehZ gk[ Z[iZ[ [b _d_# 31 3 ,(#-3.ũ"#ũ jhWdi\[h[dY_W$ +.2ũ1#2("4.2ũ2¢+(ı Y_e Z[ bW WZc_d_ijhWY_ d i[ ".2ēũ CWd_\[ij gk[ Yece ũ!(4" " ı XkiY bW Ò]khW b[]Wb fWhW -~ ũ24 2("( ũđććũ XWi[" bW fei_X_b_ZWZ Z[ gk[ gk[ [b Ckd_Y_f_e WikcW ,(+ēũ (ũ2#ũ!1# ũ+ ũ Wb]kdW [cfh[iW WikcW #,/1#2 Ĕũ#+ũ [d \ehcW Z_h[YjW" f[he de (+".ũ"# #1~ ũ bW Yecf[j[dY_W" [i gk[ i[ 3 , (_-ũ 24,(1ũ \k[ fei_Xb[ o i[ WYehZ bW #2#ũ14 1.ũ / 13#ũ [dYWh]k[ Z[b Z[i[Y^e Ò# \ehcWY_ d Z[ kdW [cfh[iW "#+ũ04#ũ8 ũ dWb Z[b *& o de [b 9WX_b# 24,#ēũ f Xb_YW" Wb [n_ij_h Wb]kdWi Ze$ 9ed [ije i[ W^ehhWh W fhefk[ijWi Z[ [cfh[iWi [b '& gk[ i[h Wd ++( c_b dWY_edWb[i o [njhWd`[hWi$ I[ W# Z bWh[i" Yeije Z[ bW jhWdi\[h[d# b gk[ ^Wo lWh_Wi e\[hjWi Yece Y_W$ ÆI_ de [i Wi " j[dZh[cei gk[ bW fheZkYY_ d Z[ WXedei" Z_[i[b Wikc_h bW ef[hWY_ d" f[he de be i_dj j_Ye" [b[Yjh_Y_ZWZ" Xbegk[i" ^Wh Wcei jeZe [b W e" i be Zei fb|ij_Yei" [djh[ ejhei$ F[he W d Z Wi W bW i[cWdW o de bei i_[j[$ [b i_ij[cW de [ij| Z[Òd_Ze$ 9ed [bbe" bei Yeijei Z[ ef[hWY_ d ?dZ_Y gk[ bk[]e Z[ i[h Wfhe# i[ h[ZkY_h|d i_]d_ÒYWj_lWc[d# XWZW bW ehZ[dWdpW" i[ Z[X[h| j[Ç" Z_`e$ fheY[Z[h W bW Yed\ehcWY_ d Z[b Z_h[Yjeh_e o bk[]e bW Z[i_]dWY_ d +3 ũ"#ă-(1ũ+ ũ +3#1- 3(5 Z[b ][h[dj[ Z[ bW [cfh[iW$ IeXh[ FWhW M_bc[h JWXeWZW" YedY[# [b fheo[Yje Z[ [b[Yjh_Y_ZWZ" [n# `Wb" bW fhefk[ijW [i i_]d_ÒYWj_lW

Feb_Y W$ IeXh[ bW _dl[hi_ d [n# fh[i gk[ ied Zei YedjhWfWh# j[i Yed bW 7DJ o [b 9WX_bZe" bW ikcW [i Z[ Wfhen_cWZWc[dj[ (&& c_b Z bWh[i$ ?d\ehc gk[ [b Yedl[d_e [nf_h " f[he [d [d[he i[ h[jecWd bei jhWXW`ei$ 7b ce# c[dje jhWXW`Wd Yed cWgk_dWh_W Z[b Ckd_Y_f_e$

ŏ āąŏ ŏ ŏĂĀāā ŏ +. ŏ ġ

ă

ĈĉĎũ

ũ +ũ"~ ũ2 +#ũ"#ũ 241 ũ"#ũ+ 2ũ !4 +#2Ĕũ#+ũĐćŘũ #2ũ.1%;-(!

ĈćŘũ

ũ ũ

1#!(!+ +#ũ8ũ#+ũ 1#23.ũ2.-ũ "#2#!'.2ēũ

¡ ēũ +ũ .-!#).ũ 4-(!(/ +ũ"(.ũ#+ũ5(23.ũ 4#-.ũ#-ũ/1(,#1 ũ(-23 -!( ũ ũ+ ũ 1"#- -9 Ĕũ2#ũ#2/#1 ũ#+ũ2#%4-".ũ"# 3#ũ8ũ24ũ !#/3 !(¢-ũă- +ēũ

o [ij| Z[ WYk[hZe Yed bW Yed\eh# cWY_ d Z[ bW [cfh[iW f Xb_YW" i_[cfh[ o YkWdZe [b c[YWd_ice f[hc_jW Wb_WdpWi o X igk[ZW Z[ ieY_ei [ijhWj ]_Yei" fWhW [b jhWjW# c_[dje ÒdWb Z[ bei Z[i[Y^ei i # b_Zei$ I[ Wb gk[ [b WbYWbZ[ @eh][ CWhj d[p" fbWdj[ jh[i fhefk[i# jWi1 bW fh_c[hW [i bW _cfb[c[d# jWY_ d Z[ kdW Y[djhWb [b Yjh_YW kj_b_pWdZe bei Z[i[Y^ei i b_Zei" bW i[]kdZW [i fWhW bW kj_b_pWY_ d Z[b X_eZ_[i[b o bW j[hY[hW [i [b jhW# jWc_[dje W jhWl i Z[ bei WXedei o [b YecfeijW`[$ ;d [i[ i[dj_Ze" JWXeWZW" Yed# i_Z[hW gk[ jeZWl W de i[ Z[X[ Yh[Wh bW [cfh[iW f Xb_YW" feh# gk[ fh_c[he Z[X[d Z[Òd_h Z[ bWi jh[i Wbj[hdWj_lWi" bW gk[ [i l_WXb[ o Yedl[d_[dj[ fWhW bW Ckd_Y_fW# b_ZWZ$ Æ;ijeo Yecfb[jWc[dj[ Z[

ēũ (4" " -.2ũ2#ũ04#) -ũ"#ũ + ũ, + ũ!.-2#15 !(¢-ũ"#+ũ/1."4!3.Ĕũ #-ũ+.2ũ/4#23.2ũ4 (! ".2ũ#-ũ+ ũ 5#ı -(" ũ 4%#-(.ũ 2/#).ũ ũ+ ũ +341 ũ"#ũ + ũ#-31 " ũ/1(-!(/ +ũ"#+ũ,#1! ".ũ ũ + 8 ē

¡ ēũ +ũ/1.!#2.ũ2#ũ1# +ı (9 1;ũ/.1ũ#3 / 2ũ%1 !( 2ũ +ũ!.-5#-(.ũ #-31#ũ#+ũ 4-(!(/(.ũ8ũ+ ũ %#-!( ũ !(.ı - +ũ"#ũ 1;-2(3.ēũ

, $)-ŋ ŋ- &#4 # (ŋ (ŋ& ŋ #/ HWc_he 9^WY d" `[\[ Z[ bW Kd_# ZWZ Z[ Jh|di_je o JhWdifehj[ Z[b Ckd_Y_f_e Z[ ?XWhhW" Z_e W Yede# Y[h ieXh[ [b fheY[ie Z[ i[ Wb_pW# Y_ d gk[ i[ h[Wb_pW [d bW Y_kZWZ$ I[ Wb gk[ bei jhWXW`ei \k[hed [`[YkjWZei [d Zei fWhhegk_Wi hkhWb[i o Wb cec[dje jhWXW`Wd [d [b i[Yjeh Z[ OWYkYWbb[ ^WijW bW Wl[d_ZW 7jW^kWbfW$ :[iZ[ bWi 9kWjhe [igk_dWi ^WijW bW _]b[i_W Z[ IWdje :ec_d]e$ ;nfh[i gk[ bW fWhhegk_W Z[ IWb_dWi oW \k[ i[ Wb_pWZW Z[ \ehcW l[hj_YWb o ^eh_pedjWb$ BW fh n_cW [jWfW i[h| [d bei 9[_Xei$ ?dZ_Y gk[ bWi bWXeh[i i[ [`[# YkjWd c[Z_Wdj[ kd Yedl[d_e Yed bW 7][dY_W DWY_edWb Z[ Jh|di_je 7DJ " W f[iWh Z[ de YedjWh Yed [iW Yecf[j[dY_W" Wb _]kWb gk[ bW i[cW\eh_pWY_ d" gk[ jWcX_ d bW j_[d[ bW Feb_Y W$ IeXh[ bW i[ Wb_# pWY_ d" Z_`e gk[ [b WYk[hZe Yed bW 7DJ" Yecfh[dZ[ bW kj_b_pWY_ d Z[ bW cWgk_dWh_W o [b cWj[h_Wb fWhW f_djWh bWi l Wi$ ;b Ckd_Y_f_e YebWXeh Yed f[hiedWb o i[ YeehZ_d Yed bW

(- &/ ,# ŋ (ŋ & ŋ0 (. ŋ ŋ 6,Ě (# )-ŋ3ŋ*)&&)-ŋ CWh_[bW Cedj[d[]he" bb[] Yece jeZei bei Z Wi W bei fk[i# jei Z[ [nf[dZ_e Z[ febbei" [d bei [nj[h_eh[i Z[b c[hYWZe 7cWpedWi [d bW Wl[d_ZW ;k][# d_e ;if[`e$ BWc[djWXb[c[dj[ kdW l[p c|i i[ [dYedjh Yed bW WcWh]W iehfh[iW Z[ gk[ [d [b _dj[h_eh Z[b febbe [dYedjh kdW ikijWdY_W ]h_i$ Æ;ijW de [i bW fh_c[hW l[p gk[ c[ eYk#

WYk[hZe Yed gk[ i[ Yed\ehc[ bW [cfh[iW f Xb_YW" f[he fh_c[he Z[ÒdWcei YkWb lW W i[h [b ceZ[# be gk[ lW W i[]k_h [b Ckd_Y_f_e [d [ijW b d[W" fWhW [b fheo[Yje Z[ [d[h] W i[ d[Y[i_jW Z[Òd_h bei fW# h|c[jhei Yed bei ckd_Y_f_ei feh gk[ [b fbWd [i [d cWdYeckd_# ZWZ$ FWhW [b X_eZ_[i[b o WXede i[ d[Y[i_jWd fhe\[i_edWb[i [d [iWi |h[Wi o i_ de ^Wo" j[dZh[cei gk[ Z_iebl[h bW [cfh[iW o lebl[hbW W Yh[Wh" [iW [i c_ fh[eYkfWY_ dÇ" [nfh[i $ 7 ik Yh_j[h_e" [b fbWd Z[ [b[Y# jh_Y_ZWZ [i kdW efY_ d" fehgk[ j_[d[ c bj_fb[i X[d[ÒY_ei" o be c|i _cfehjWdj[ [i gk[ lW W ][d[# hWh _d]h[iei Wb Ckd_Y_f_e$ F[he de Z[iYWhj bWi ejhWi Wbj[hdWj_lWi o Z_`e gk[ i_ ijWi ied l_WXb[i" Yed ]kije WfeoWh| [b fheo[Yje$ hh[" W c_i l[Y_dWi jWcX_ d b[i fWi $ ;b jh|di_je l[^_YkbWh [d [b i[Yjeh o [b ice] Z[ bei Xk# i[i Yh[e gk[ [i [b fheXb[cW$ De Z[X[h Wd cWdj[d[h [b fheZkY# je Wb W_h[ b_Xh[" [ie f[h`kZ_YW W dk[ijhW iWbkZÇ" [nfh[i $ ;d ejhe [njh[ce o YWi_ `kd# je W kdW f[bkgk[h W" 9Whc[b_# dW EY^eW" Yecfh c[Z_W b_XhW Z[ YWhd[ f[he Yed j[ceh bW _d# ]h[i [d ik \kdZW$ ÆE`Wb| [ijW l[p de bb[]k[ W bW YWiW o c[ [dYk[djh[ Yed gk[ [b fheZkYje j_[d[ cWb ebehÇ" Z_`e$ 7dj[ [ijW i_jkWY_ d I_bl_W 9Wijhe" Z_h[YjehW Z[ bW Kd_ZWZ Z[ IWbkZ o C[Z_e 7cX_[dj[ Z[ bW Ckd_Y_fWb_ZWZ Z[ ?XWhhW" _dZ_Y gk[ bei c_[cXhei Z[ bW Wdj_]kW 9ec_i_ d Z[ 7XWijei o C[hYWZei" de WY[fj bW fhe# fk[ijW \ehckbWZW feh [ijW kd_# ZWZ" [d YkWdje W bW eXb_]Wjeh_[# ZWZ [d [b kie Z[ Yed][bWZeh[i" fWhW [n_]_h gk[ [b fheZkYje i[ Yedi[hl[ [d Xk[dWi YedZ_Y_e# d[i o [ije Wi[]kh[ bW iWbkZ Z[b Yedikc_Zeh$ Æ;\[Yj_lWc[dj[ YedeY[cei gk[ [d [ij[ i[Yjeh [n_ij[ kdW ]hWd Y_hYkbWY_ d Z[ l[^ Ykbei o feh be jWdje bW [c_# i_ d Z[ ]Wi[i o ejhei \WYjeh[i WcX_[djWb[i" W\[YjWd Wb fhe# ZkYjeÇ$

,/ ũ"#ũ".- !(¢-ũ "#ũ2 -%1#

ŗũ ũũCW WdW [d bW Kd_l[hi_ZWZ J Yd_YW Z[b Dehj[" bW 9hkp

He`W Z[ ?cXWXkhW" h[Wb_pWh| bW YWcfW W Z[ ZedWY_ d lebkdjWh_W Z[ iWd]h[$ FWhW i[h kd fei_Xb[ ZedWdj[" bWi f[hiedWi Z[X[d j[d[h [djh[ '- o ,+ W ei Z[ [ZWZ" de j[d[h c|i Z[ kdW fWh[`W i[d# j_c[djWb o de ^WX[h _d][h_Ze X[X_ZWi WbYe^ b_YWi [d bWi bj_cWi (* ^ehWi i[ Wb bW _dij_jkY_ d$

231 3#%( 2ũ"#ũ 2#%41(" "

ŗũ ũũ;b =eX_[hde Fhel_dY_Wb Z[ ?cXWXkhW _dYbko Z[djhe Z[ ik feb j_YW WZc_d_ijhWj_lW [b j[cW Z[ i[]kh_ZWZ bWXehWb$ FWhW Z_h_]_h [ijW WYY_ d Yh[ [d [ij[ W e bW Kd_# ZWZ Z[ I[]kh_ZWZ o IWbkZ EYkfWY_edWb$ :[iZ[ Wbb i[ ^W _cfb[c[djWZe kd fbWd f[hcWd[dj[" Ykoe eX`[j_le [i ]WhWdj_pWh bW i[]kh_ZWZ" iWbkZ" X_[d[ijWh o WcX_[dj[ WZ[YkWZe fWhW [b Z[iWhhebbe Z[b jhWXW`e Z[ bei [cfb[W# Zei o eXh[hei$ BW [ijhWj[]_W Wfb_YWZW Yecfh[dZ[ kdW i[h_[ Z[ [l[djei Z[ YWfWY_jW# Y_ d [d j[cWi Z[ i[]kh_ZWZ _dZkijh_Wb$

1 "4 ".2ũ ũ+ ũ 5 -%4 1"( ũ.-+(-#ũ

ŗũ ũũBW Kd_l[hi_ZWZ J Yd_YW Z[b Dehj[ W jhWl i Z[b :[fWh#

jWc[dje Z[ ?d\ehc|j_YW o [b 9[djhe Z[ ;djh[dWc_[dje o 9[hj_ÒYWY_ d ?dj[hdWY_e# dWb 9;9?#KJD" h[Wb_p bW Y[h[ced_W Z[ ;djh[]W Z[ 9[hj_ÒYWZei ?dj[hdWY_edWb[i W bW fh_c[hW fheceY_ d Z[b Fhe]hWcW Z[ 9WfWY_jWY_ d ?dj[hd[j WdZ 9ecfkj_d] 9eh[ 9[hj_ÒYWj_ed ?9) $


ą

ŏ āąŏ ŏ ŏĂĀāā ŏ +. ŏ ġ

)(0 ,- .),#)ŋ ,) 9ed [b Òd Z[ WdWb_pWh bW h[W# b_ZWZ Z[ bei fk[Xbei W\he Z[ ?cXWXkhW i[ h[Wb_p [b Yedl[h# iWjeh_e" ÆDk[ijhei Fk[XbeiÇ$ ;b [l[dje i[ h[Wb_p [b i|XWZe [d bW YWiW Z[ bW 7ieY_WY_ d Z[ @kdjWi FWhhegk_Wb[i$ Bei j[cWi ikh]_[hed Z[ bei fWhj_Y_fWdj[i$ I[ jef Z[iZ[ Xh[l[i h[i[ Wi Z[ bW [jd_W" ^Wi# jW [b hWY_ice gk[ W jhWl i Z[ bei j_[cfei" [n_ij[ [d bW ieY_[ZWZ$ C|i gk[ kd Z_iYkhie e kdW [n# fei_Y_ d i[ cWd[` Yece kd jWbb[h$ ;b YecfWhj_h h[Wb_ZWZ[i o [nf[h_[dY_Wi Wfehj fWhW gk[ bei [nfei_jeh[i Wj[hh_pWhWd [d fheo[YY_ed[i [dYWc_dWZWi W _cfkbiWh kdW fhefk[ijW fWhW [b Yh[Y_c_[dje Z[b fk[Xbe W\he$ 7Z[c|i" [b Wfehj[ Z[ bei fh_d# Y_fWb[i b Z[h[i W\he Z[if[hj [b _dj[h i Z[ bei fh[i[dj[i gk[ de ZkZWhed [d [nfed[h iki fkd# jei Z[ l_ijW [d X[d[ÒY_e Z[b ikh# ]_c_[dje Z[ dk[lWi _Z[Wi$

ēũ .-ũ#23#ũ3(/.ũ"#ũ#5#-3.2ũ 2#ũ(-3#-3 ũ"#2/#13 1ũ#-ũ+ ũ#3-( ũ -#%1 ũ#+ũ $;-ũ/.1ũ"#$#-"#1ũ242ũ ("# +#2ē

&#( -ŋ '*, ( ), Bei fheo[Yjei [d cWhY^W gk[ bW fWhhegk_W IWb_dWi j_[d[" bW hWj_# ÒYW Yece kd i[Yjeh d[jWc[dj[ fheZkYj_le$ HW b CWbZedWZe" fh[i_Z[dj[ Z[ bW @kdjW FWhhe# gk_Wb" Z_Y[ [ijWh iWj_i\[Y^e Z[ ik l_W`[ W C[Z[bb d$ ;b eX`[j_le Z[ ik l_i_jW W 9ebecX_W \k[ _dj[hYWcX_Wh [nf[h_[dY_Wi Z[ fheo[Yjei [c# fh[dZ_Zei [d bW fWhhegk_W$ ;d [ij[ _dj[hYWcX_e fWhj_Y_fWhed fW i[i Yece0 9eijW H_YW" F[h " 8eb_l_W" 9^_b[" [djh[ ejhei$ CWb# ZedWZe fh[i[dje [b fheo[Yje Z[ Z[iWhhebbe ^kcWde gk[ oW i[ [cfh[dZ_ [d [b bk]Wh$

ēũ 1(.2ũ/1.8#!3.2ũ"#ũ / 11.04( ũ Ì-ũ#23;-ũ#-ũ#234"(.ũ8ũ 1#!( (1;-ũ#+ũ /.8.ũ"#+ũ . (#1-.ũ !(.- +

ēũ ũ1#5(2(¢-ũ"#ũ+.2ũ".!4,#-3.2ũ2#ũ' !#ũ!.-ũ#+ũă-ũ"#ũ("#-3(ă! 1ũ+ 2ũ(11#%4+ 1(" "#2ũ#-ũ+ ũ(-$.1, !(¢-ũ/1#2#-3 " ē

2#-ŋ $ /.#0)-ŋ (ŋ -* , .8ũ2#ũ1# +(9 ũ4- ũ-4#5 ũ1#5(2(¢-ũ"#ũ ".!4,#-3.2ũ"#ũ+.2ũ3 7(2ũ#)#!43(5.2ũ 04#ũ$4#1.-ũ /1. ".2ēũ ũ(-3#-!(¢-ũ#2ũ "#/41 1ũ+ ũ+(23 ē ũ ěũ >WY[ kd c[i" [b l[# ^ Ykbe Z[ 9Whbei [hW Wpkb o Wb h[Y_X_h bW WfheXWY_ d" be f_dj Z[ WcWh_bbe" W^ehW feZh W leb# l[h W ik Yebeh eh_]_dWb" fehgk[ W d de iWX[ i_ h[Y_X_h| bW Wfhe# XWY_ d Z[ \kdY_edWc_[dje Z[# Òd_j_lW$ ;d [ijW i_jkWY_ d i[ [dYk[djhWd Z[Y[dWi Z[ jWn_i [`[Ykj_lei$

h_ZWZ[i [d bW ZeYkc[djWY_ d fh[i[djWZW$ I[ Z[dkdY_ [njhWe\_Y_Wb# c[dj[" o [d c|i Z[ kdW eYW# i_ d" gk[ i[ WfheX W gk_[d[i de be c[h[Y Wd$ ÆFh[i[dj c_i ZeYkc[djei o de \k_ WfheXWZe" f[he YedepYe W f[hiedWi gk[ j[d_[dZe Xk[# dWi fei_X_b_ZWZ[i [Yed c_YWi \k[hed jecWZei [d Yk[djW o [ie [i _d`kijeÇ" c[dY_edW kd YedZkYjeh gk[ fh[Ò[h[ ec_j_h ik decXh[$

I[] d bW YedY[`WbW >_bZW >[hh[hW" dWZ_[ Z[X W WZ[bWd# jWhi[ W f_djWh iki Wkjec l_b[i$ ÆDe ^WX W bW WfheXWY_ d Z[Ò# d_j_lW" be d_Ye gk[ i[ [djh[] \k[ kd f[hc_ie fhel_i_edWbÇ" [nfb_YW bW ;Z_b$ BW h[l_i_ d Z[ bei ZeYkc[d# (-ũ/1.-4-!( ,(#-3.2ũ.ă!( +#2 jei i[ ^WY[ Yed [b Òd Z[ _Z[d# ;b fh[i_Z[dj[ Z[ bei jWn_i [`[# j_ÒYWh bWi ikfk[ijWi _hh[]kbW# Ykj_lei" <hWdab_d H_[hW" fh[#

) " * ' ŋ3ŋ-/ŋ* ,,)+/# &#4 # ( BW [if[hWdpW Z[ bW Yeckd_ZWZ 9eY^WfWcXW Z[ Yedl[hj_hi[ [d fWhhegk_W i_]k[ l_lW$ ;b fheY[ie Z[ fWhhegk_Wb_pWY_ d [ij| l_][dj[" Wkdgk[ [ij[ ik[# e j_[d[ kd bWh]e YWc_de gk[ h[Yehh[h$ >WY[ kd j_[cfe Wjh|i" i[ ^_pe kd i_dd c[he Z[ jh|c_# j[i gk[" i[] d <_Z[b 9Wijhe" fh[i_Z[dj[ Z[ bW Yeckd_ZWZ" i[ _d_Y_ dk[lWc[dj[$ Æ<k[ Yece [cf[pWh Z[ dk[leÇ" Yec[djW [b Z_h_][dj[$ ?dZ_YW gk[ bW ZeYkc[djWY_ d oW \k[ h[l_iWZW feh [b Z[fWh# jWc[dje Z[ Wi[ieh W `kh Z_YW o [dl_WZW Wb Z[fWhjWc[dje Z[ FWhj_Y_fWY_ d 9_kZWZWdW Z[b Ckd_Y_f_e$ 7b cec[dje i[ h[Wb_p bW YedikbjW [d bWi Yeckd_ZWZ[i" [ij[ fheY[ie j[hc_d [b bkd[i Wdj[h_eh$ IWd C_]k[b Z[ FWd# ]ehW \k[ [b bj_ce bk]Wh Zed# Z[ i[ Yedikbj $ :[ Wbb l_[d[ bW fh[i[djWY_ d Z[b _d\ehc[ W FWhj_Y_fWY_ d 9_kZWZWdW$ 7Z[c|i" i[ Z[X[h| b[lWd# jWh kd Y[die Z[ feXbWY_ d o

ēũ #15(1;ũ3 , (_-ũ/ 1 ũ("#-3(ă! 1ũ-#!#2(" "#2ũ2.!(.ũ#!.-¢,(! 2Ĕũ!.,.ũ 2 +4"Ĕũ#"4! !(¢-Ĕũ,#"(.ũ , (#-3#Ĕũ#-31#ũ.31 2ē

l_l_[dZW" fWie \kdZWc[djWb fWhW bW fWhhegk_Wb_pWY_ d$ Bei Z_h[Yj_lei Z[b i[Yjeh bWc[djWd gk[ [b ?D;9 W d_l[b Z[ XWhh_ei e Yeckd_ZWZ[i$ Ææd_YWc[dj[ i[ cWd[`W _d\ehcWY_ d fhe# l_dY_Wb" YWdjedWb o fWhhegk_Wb" f[he [ije de dei Z[j[dZh|Ç"

[d\Wj_pW 9Wijhe$ I[] d [b Z_h_][dj[" i[ [dYWh# ]Wh|d Z[ h[Wb_pWh kd Z_W]d ij_# Ye fhef_e Z[iZ[ fWhj_Y_fWY_ d Y_kZWZWdW o bW Kd_ d 9eY^W# fWcXW" Yed [b Òd Z[ j[d[h _d# ikcei gk[ f[hc_jWd Z[iWhhe# bbWh kd fbWd j[hh_jeh_Wb$

Ò[h[ de WZ[bWdjWhi[" c_[djhWi de ^WoW kd fhedkdY_Wc_[d# je e\_Y_Wb Z[ bWi Wkjeh_ZWZ[i ckd_Y_fWb[i$ I_d [cXWh]e" Wi[]khW gk[ j_[d[d fh[l_ije [ijhWj[]_Wi" f[he Wdj[i Z[X[d [iYkY^Wh bWi h[iebkY_ed[i ][# d[hWb[i$ Gk_[d[i fh[i[djWhed _d# \ehcWY_ d '&& l[hZWZ[hW" de j_[d[d Z[ gk[ fh[eYkfWhi[$ Bei _dYedl[d_[dj[i l[dZh|d fWhW gk_[d[i Z[ Wb]kdW cW# d[hW Wbj[hWhed k ec_j_[hed _d\ehcWY_ d$ ;d [ij[ YWie de h[Y_X_h Wd [b f[hc_ie Z[Òd_j_# le o j[dZh Wd gk[ iWb_h Z[ Y_h# YkbWY_ d$

- !/, ,)(ŋ -/ŋ/ # # (ŋ Bei Yec[hY_Wdj[i _d\ehcWb[i Z[ j[cfehWZW" i[ kX_YWh|d [d bW Wl[d_ZW <hWo LWYWi =Wb_dZe Z[iZ[ [b (& Z[ del_[cXh[" Wi be Z_e W YedeY[h [b Yec_iWh_e Ck# d_Y_fWb" FWjh_Y_e EY^eW$ 9ece fh_c[hW efY_ d feh fWhj[ Z[b 7bYWbZ[ Z[ ?XWhhW" i[ XWhW`WXW bW fei_X_b_ZWZ Z[ h[Wb_pWh kdW \[h_W dWl_Z[ W [d [b [nW[he# fk[hje Z[ bW Y_kZWZ$ 7dj[ [ijW fhefk[ijW" bei Ye# c[hY_Wdj[i gk[ \ehcWd fWhj[ Z[ bW WieY_WY_ d ÆKd_Zei L[d# Y[h[cei" (+ Z[ :_Y_[cXh[Ç" i[# WbWhed gk[ i[ lebl[h W W h[f[# j_h bW c_icW ^_ijeh_W Z[ YkWdZe b[i kX_YWhed" [d [b fWhgk[WZ[he Z[b c[hYWZe BW FbWoW" [d ZedZ[ Wi[]khWd gk[ bWi l[djWi de [hWd Xk[dWi$ ÆI[ b[i f[hc_j_ kX_# YWhi[ [d ZedZ[ [bbei [iYe]_[hed Yed bW YedZ_Y_ d Z[ gk[ bWi l[d# jWi i[ h[Wb_Y[d [d YWhfWi Z[ (n(" kd fhec[Z_e Z[ ,* f[hiedWi i[ kX_YWhed [b W e Wdj[h_eh$ 7 d de iWX[cei Yk|djei i[ ikcW# h|d [ij[ W eÇ" Z_`e EY^eW$


Ć 0%!),+ (! 01. āĆŏ)%*ċ

āąŏ ŏ ŏĂĀāāŏ ŏ ŏ ġ

- ũ$ 11 ũ % 8ũ#-ũ 11 ũ ēũ -ũ 11 ũ2.-ũ+(,(3 ".2ũ+.2ũ2(3(.2ũ/ 1 ũ+ 2ũăũ#23 2ũ% 82Ĕũ ũ"($#1#-!( ũ"#ũ 4(3.ēũ

-ũ , 41 ũ#+ũ,.5(,(#-3.ũ% 8ũ!1# ũ 242ũ#2/ !(.2ēũũ #2ũ!.-3 ,.2ũ'(23.1( 2ũ "#ũ-.!'#ēũ ũěũC[ YedÒ [ie" de Wce bWi

\WhhWi d_ [b WbYe^eb" ¶WXkhh_ZW $ C[ kX_Ye fkdjkWb" (&0)&" [d kd XWh" kX_YWZe [d bW fWhhegk_W 9W# hWdgk_ Z[b YWdj d ?XWhhW$ J[c# fhWde fWhW YkWbgk_[h Ò [ijW$ ;d bei ,& c[jhei YkWZhWZei Z[b be# YWb Z[YehWZe Yed ]beXei Z[ Yebe# h[i dWhWd`Wi" d[]hei o fkhfkhWi" jeZe fWh[Y[ [ijWh W fkdje Z[ [i# jWbbWh$ ;i bW fh[l_W Z[ bW Ò [ijW ]Wo" fWhW Y[b[XhWh >Wbbem[d$ :[djhe Z[b XWh" kd ]hkfe ^[j[# hei[nkWb i[ Yedjed[W Wb h_jce Z[b j[cW ÆI_[dj[ [b Y^egk[Ç$ 9h_ij_Wd i[ WYeceZW [d kd XWdgk_bbe [d bW [djhWZW Z[b XWh" YhkpW bWi f_[h# dWi" Yed kd `[Wd Z[iYWZ[hWZe o kdW YWc_i[jW WcWh_bbW hWi]WZW [d [b f[Y^e$ BW Z_c_dkjW fh[d# ZW f[hc_j[ c_hWh kd ecXb_]e fbWde o XhedY[WZe$ xb j_[d[ (, W ei" YWX[bbe hkX_e o ik decXh[ jWjkWZe [d [b Yk[bbe Yed YWb_]hW# \ W eh_[djWb$ 7 bei '. eXjkle [b i[]kdZe bk]Wh [d [b h[_dWZe ]Wo Z[ ?XWhhW$ 9^h_ij_Wd Z_Y[ gk[ i_[cfh[ [dj[dZ_ gk[ [hW ]Wo$ µJ_[d[i del_e5" c[ Wl[djkhe W fh[]kdjWh$ De" [i c[`eh [ijWh iebW" c[ Z_Y[$ F_[die1 i [i be gk[ h[ifedZ[h W kdW ck`[h$ ;i WcWXb[" Wb[]h[ o [njhel[hj_Ze$ ;d [b XWdgk_bbe be h[b[lW FW# jh_Y_e$ ;d ?XWhhW [i Wb]e Wi Yece [b ]kh Z[ bWi Ò [ijWi ]Woi$ xb eh]Wd_pW [b Y[hjWc[d Z[ X[bb[pW YWZW W e [d i[fj_[cXh[$ J_[d[ *( W ei Z[ [ZWZ" [i Wbje" Yehfk# b[dje [ _dj_c_ZW$ Jh[i Z Wi Wdj[i" YkWdZe be YedeY [d ik ]WX_d[j[ Z[ X[bb[pW" feh kd _dijWdj[ j[c

ũ%#-3#ũ!1##ũ04#ũ+.2ũ % 82Ĕũ2.-ũ31 5#23(2ũ.ũ /#+404#1.2ũ-.ũ#2ũ 2~ēũ 2ũ%#-3#ũ/1#/ 1 " ũ!.,.ũ 8.Ģũ ũ

i[h f[hi[]k_ZW Yed kdW i[YWZehW Z[ YWX[bbe$ ;iW _Z[W Z[iWfWh[Y_ YkWdZe b[ ^WXb " kd j_fe YehZ_Wb$ ;d bW [djhWZW de WXWdZedW [b j[b \ede Y[bkbWh$ ¶:edZ[ [ij|d [iWi beYWi " ]h_jW$ C[ iedh_ " be c_he$ xb Z_Y[ gk[ de b[i ceb[ijW gk[ ki[ [iW \hWi[ c_[djhWi de i[W kdW XkhbW$ :[ fhedje [djhW$ ;i kd h[ce# b_de [d kd c_d_ l[ij_Ze Y[b[ij[" XejWi d[]hWi o Wdj_\Wp ZehWZe$ ¶Gk [dl_Z_W " Z[X[ j[d[h kd Yk[hfe /& Ä ,&# /&$ ;bbW [i =Who kd jhWl[ij_" [i Z[Y_h kd ^ecXh[ gk[ l_ij[ Z[ ck`[h Wkdgk[ de d[Y[iWh_Wc[dj[ fk[Z[ i[h ^e# cei[nkWb$ 9Wi_ [d]W W$ ¶;i Y^_YW" YbWhe gk[ i Z_Y[ kd YecfW [he$ ¶9bW# he gk[ de " b[ Wi[]khe Yed [i[ i[nje i[dj_Ze Z[b gk[ ^WY[cei WbWhZ[ bWi ck`[h[i Wkdgk[ i[W kdW c[dj_hW$ 7Y[hj $ KdW fWh[`W Z_ijhW[ W c_ Wc_# ]e$ Ied Zei Y^_YWi$ KdW [i WbjW" hkX_W" lebkfjkeiW$ BW ejhW [i c[# dkZW" Z[ YWX[bbe d[]he h[Ye]_Ze [d kdW YebW" bb[lW kd jhW`[ \ehcWb eiYkhe Z[ fWdjWb d o YehXWjW$ ;d bW c[iW [ij|d cko `kdjWi" i[ WYW# h_Y_Wd [b heijhe1 W fkdje" W fkdje Z[ kd X[ie f[he dWZW$ -ũ ..,ũ

;i YWi_ c[Z_W deY^[$ C_he [d [b

XWh" kdW l[_dj[dW Z[ f[hiedWi be bb[dWd$ BWi bkY[i WcWh_bbWi" l[h# Z[i" he`Wi o WdWhWd`WZWi i[hf[d# j[Wd$ BW c i_YW [i c|i Wjh[l_ZW" ÆGk_[h[i i[n$$$Ç i[ h[f_j[ kdW o ejhW l[p [d bei fWhbWdj[i$ Kd pehhe WfWh[Y[$ ;i kd ^ec# Xh[ Z[ *& W ei" iWbkZW W jeZei [d [b XWh Yed X[ie [d bW c[`_bbW" ied# h [$ Be f[hi_]e Yed bW ]hWXWZehW" c[ [lWZ[$ ;d jehde" bWi fWh[`Wi [cf_[pWd W [dY[dZ[hi[$ ;d [b \edZe Zei ^ecXh[i ckiYkbeiei Z[ de c|i Z[ )& W ei XW_bWd f[# ]WZ_je h[]]W[j d$ =Who [i bW i[diWY_ d$ 8W_bW ^WY_[dZe YedjehY_ed[i _dYh[_# Xb[i$ I[ W]WY^W Yecfb[jWc[dj[ c_[djhWi ik fWh[`W bW jecW feh bWi YWZ[hWi$ IWYkZ[ [b YWX[bbe Yed \kh_W$ BW \WbZW YWi_ ikX[ W ik Y_d# jkhW" bW lk[bl[ W ik bk]Wh$ ;d bWi c[iWi WfbWkZ[d$ Kd ]hkfe Z[ Y_dYe ^ecXh[i h_[d$ :_[]e Z[ '/ W ei i[ i_[djW [d bWi f_[hdWi Z[ <Wkije$ J_[d[ kd hei# jhe _d][dke1 e`ei iWbjed[i" YWX[# bbe d[]he o kdW iedh_iW cWhYWZW$ Kd i[Yh[je Z_Y[1 W bei ', jkle ik fh_c[hW h[bWY_ d i[nkWb Yed kd ^ecXh[$ ;d ik \Wc_b_W W d dWZ_[ YedeY[ ik ^_ijeh_W$ <Wkije feh ik fWhj[ [i WZ# c_d_ijhWZeh Z[ [cfh[iWi" l_l[ [d Gk_je$ xb j_[d[ (. W ei" bb[lW eY^e Yed ik WYjkWb fWh[`W$ ;ij| Yedl[dY_Ze gk[ [d [b ckdZe ]Wo [i _cfei_Xb[ i[h Ò [b$ ;d [i[ fkdje [b ^ecXh[ de Z[`W Z[ i[h ^ecXh[" Wi[]khW$ BW deY^[ i[ YehedW Yed kdW 9Wf[hkY_jW Yed b_]k[hei o kdW f[hiedW l[ij_ZW Z[ ced`W Yed kd ^|X_je Yehje" Yehje" Yehje$ ;i YWi_ de _cfei_Xb[ _cW]_dWh '& Y[dj_c jhei c|i Whh_XW$ BW de# Y^[ j[hc_dW j[cfhWde fWhW c $ ;bbei" j_[d[d kd cWfW jhWpWZe Z[ bW Ò [ijW" ^WijW bWi &.0&&$

ũ ũ : ũ

.-!#/3.2ũ!+ 1.2

;b j hc_de [ij| h[bWY_edWZe [d [b _Z_ecW _d]b i

Yed [b YedY[fje Z[ Wb[]h[$ I_d [cXWh]e" [i kiWZe fWhW h[\[h_hi[ W bW ^ecei[nkWb_ZWZ$ $ BW fWbWXhW fhel_[d[ Z[b ]h_[]e ^ece" gk[ [i _]kWb o Z[b bWj d i[nki e i[ne$ I[ jhWjW Z[ bW WjhWYY_ d i[nkWb" W\[Yj_lW" [ceY_edWb o i[dj_c[djWb ^WY_W f[hiedWi Z[b c_ice i[ne$ ē ;i bW WjhWYY_ d ^WY_W WcXei i[nei$ $ ;i bW WZefY_ d Z[ bWi \ehcWi Z[ l[ij_h Z[b i[ne efk[ije$

ũ

-ũ+ ũ'(23.1( ũ

ũ'.,.2#74 +(" "ũ-.ũ#2ũ4- ũ/1;!3(! ũÌ-(! ũ"#ũ+ ũ2.!(#" "ũ,."#1- ēũ #2"#ũ+ ũ -3(%4 ũ ., ũ8ũ 1#!( ũ#7(23~ -ũ1#%(231.2ēũ 4-04#ũ#+ũ5 +.1ũ04#ũ "04(1~ -ũ#1 ũ"($#1#-3#ēũ 2ũ 2~ũ04#ũ#-ũ+ ũ 1#!( ũ -3(%4 ũ2#ũ!.-2("#1 ũ -.1, +ũ04#ũ4-ũ'., 1#ũ"41 -3#ũ+ ũ/4 #13 "ũ2# ũ#+ũ , -3#ũ"#ũ.31.ũ, ı 8.1ēũ 23#ũ2#ũ1#2/.-2 (+(9 ũ"#ũ+ ũ(-2314!!(¢-ũ/.+~3(! Ĕũ2.!( +Ĕũ!(#-3~ăũ! ũ 8ũ,.1 +ēũ 23 ũ/1#$#1#-!( ũ/1.5.!¢ũ/#12#!4!(.-#2ēũ -ũ+ ũ_/.! ũ- 9(ũũ$4#1.-ũ, 1ı ! ".2ũ!.-ũ4-ũ 1(;-%4+.ũ1.2 ũ#-ũ+.2ũ! ,/.2ũ"#ũ!.-!#-31 !(¢-ēũ '.1 ũ #23;-ũ.1% -(9 ".2Ĕũ+4!' -ũ/.1ũ+ ũ+#% +(9 !(¢-ũ"#+ũ, 31(,.-(.ũ% 8ũ8ũ+ ũ "./!(¢-ēũ

23;-ũ.1% -(9 ".2

;d ;YkWZeh bW Yeckd_ZWZ Z[ =BJ8 e =Woi" B[iX_W# dWi" JhWdi[nkWb[i o 8_i[nkWb[i" bkY^Wd feh [b h[if[je W iki fh[\[h[dY_Wi i[nkWb[i$


§ ć

.ũ! ~ũ#-ũ4- ũ -ũ-.2.31.2ũ ũ ũ 31 ,/ ũ8ũ/ 2_ũ 3.".ũ+.ũ#7ı ¡ ĈĐũ"~ 2ũ/1(5 ı !42 ,.2ėũ#-ũ ".ũ"#ũ+ ũ+( #13 "ũ#-ũ +.2ũ/1¢)(,.2Ĕũ- " ėũ 4- ũ!+ 1 ũ(-3#-!(¢-ũ 04#1#,.2ũ5#-"#1ũ '#()ŋŋ "#ũ! ++ 1ũ+ ũ5.9ũ"#ũ ! 1.ũ8ũ!.,/1 1ũ +/#0) ) +.2ũ+~"#1#2ũ8ũ+ ũ/1.ı 1 3.Ģē BWi dej_Y_Wi h[\[h[dj[i W bWi <7H9 de ied W`[dWi d_ Z_ijWdj[i fWhW ũ ũ 3#23 ũ2.!( +Ģ

0%!),+ (! 01. āĆŏ)%*ċ

ŏāąŏ ŏ ŏ ŏĂĀāā ŏĂĀāā ŏāąŏ ŏ ŏ +. ŏ Čŏ ŏ ġ ŏ +.

ũ ũ ũ ũ

#1%Õ#-9 ũ 4"(!( +

9ed [ijkfeh [iYkY^ o ^[ b[ Ze bWi Z[YbWhWY_ed[i Z[ bW C_d_ijhW Z[ @kij_Y_W" [d bWi gk[ i[ WbW gk[ [d [b fW i de [ij| j_f_Ò YWZe [b Z[iWYWje$ L[h] [dpW W`[dW ZW gk[ [ie Z_]W kdW C_d_ijhW Z[ @kij_Y_W" gk[ Z[iYedepYW bWi _di# j_jkY_ed[i `kh Z_YWi o bW j_febe# ] W f[dWb o i[W c[dei gk[ kdW WXe]WZW Z[ Yec_iWh W" Ykoei YedeY_c_[djei de lWd c|i Wbb| Z[ kdW b[YjkhW [b[c[djWb o i_c# fb[ Z[b 9 Z_]e F[dWb$ ;djedY[i [dj[dZ[cei [b Z[ifh[ij_]_e gk[ j[d[cei W d_l[b _dj[hdWY_edWb$ De i feh gk kd :_Wh_e Yece [b Z[ kij[Z[i" Yed YbWhW o Xk[dW b d[W `kh Z_YW" YWbbW Wdj[ [ijW XWhXWh_[$ 1~ ũ .+#" "ũ #1#(1 ũ ēũ 4(3.

1 ũ (/+#8

;b Ckd_Y_f_e YWf_jWb_de ^W _d_Y_WZe [b cWdj[d_c_[dje o h[WZ[YkWY_ d Z[b FWhgk[ ?d]b i o [ie c[ fbWY[" fk[i Z[`W [djh[l[h gk[ c_i gk[`Wi" gk[ h[Ye][d [b i[dj_h o bW fh[eYk# fWY_ d Z[ bei cehWZeh[i Z[b i[Yjeh" de ^Wd YW Ze [d iWYe heje$ ;if[hWcei gk[ ^WX_b_j[d bWi bkc_dWh_Wi" h[fed_[dZe bei XWikh[hei o Y[hYWdZe bW f_b[jW f[gk[ W" YkoWi ikY_Wi W]kWi i[ ^Wd Yedl[hj_Ze [d f_iY_dW Z[ bei f[hhei$ Be gk[ c[ ^W bbWcWZe bW Wj[dY_ d [i gk[ YWZW l[p gk[ l_i_je [b fWhgk[" ik d_YW XWj[h W iWd_jWh_W [ij| Y[hhWZW Yed kd ]hWd YWdZWZe $ C[ _d\ehcWd gk[ [b [dYWh]WZe Æiebe WXh[ bWi jWhZ[iÇ" i_[cfh[ gk[ de i[Wd Z Wi \[h_WZei$ ;d [iei Z Wi o ^ehWh_ei [i YkWdZe bW ][dj[ c|i d[Y[i_jW" [if[Y_Wb# c[dj[ Z[ bW j[hY[hW [ZWZ$ Ck# Y^Wi Z[ [bbWi WYkZ[d Z[iZ[ cko j[cfhWdWi ^ehWi W h[Wb_pWh iki [`[hY_Y_ei cWj_dWb[i o [d bei \[h_WZei [b fWhgk[ i[ bb[dW Z[ d_ ei gk[ lWd W iki YWdY^Wi e W bei ^WijW W^ehW Z[ijWhjWbWZei `k[]ei _d\Wdj_b[i$ ;ije f[hc_j[ gk[ bei l_i_jWdj[i" W \WbjW Z[ _deZehei" ^W]Wd Ækie _dZ[X_ZeÇ Z[ bei |hXeb[i$ µGk YbWi[ Z[ ÆfWZh_dWp]eiÇ j_[d[d bWi f[hie# dWi [dYWh]WZWi Z[ [ij[ i[hl_Y_e gk[" f[i[ W [ijWi WhX_jhWh_[ZW# Z[i" de ied h[[cfbWpWZWi5 (.+ ũ 11#1 ũ +#,; ē ēũĈĐćĉďćďĐĈČ ũ ũ ũ Ė ! 13 2 +"(1#!3.1ľ+ '.1 ē!.,ē#! 2(++ ũĈĐĈĐĉČĊũ ũ.ũ!4 +04(#1 ũ "#ũ-4#231 2ũ %#-!( 2ē #04(2(3.2Ėũ ., 1#2ũ8ũ /#++(".2ũ!.,/+#3.2ėũ-Ì,#ı 1.ũ"#ũ _"4+ ėũ3#+_$.-.ũĸăũ).Ĺėũ"(1#!!(¢-ũ".,(!(+( 1( ũ .ũ"#ũ31 ).ũ8ũ!.11#.ũ#+#!31¢-(!.ē

ŋ ŋ

C_[djhWi kd WiWcXb[ ijW Z[ bW efei_Y_ d ^WY[ *' i[ WbWc_[djei ]hWl[i Wb Fheo[Yje Z[ B[o Z[ 9eckd_YWY_ d gk[ [b fWhbWc[dje i[ Wfh[ijW W Z_iYkj_h [d fb[dWh_e" ejhe Z[b e\_Y_Wb_ice Z_Y[ gk[ ^Wo c_b[i hWped[i fWhW gk[ i[ Wfhk[X[$ ;ij|d jWd YWbZ[WZei bei |d_cei" [if[Y_Wbc[d# j[ feh [b bWZe Z[ 9WhedZ[b[j o iki WZb|j[h[i" gk[ [b Z[i[dbWY[ Z[b Z[XWj[ [i fh[l_i_Xb[$ BW Yedi_]dW ]kX[hdWc[djWb [i YbWhW0 bW B[o lW fehgk[ lW$ ;b Yedj[nje feb j_Ye [d [b gk[ i[ Z[i[dlebl[h| [b Z[XWj[ de fk[Z[ i[h c|i Z[i\WlehWXb[" fWhW WbYWdpWh Yedi[diei o [nWc_dWh [b Fheo[Yje Yed i[h[d_ZWZ$ ;b [d\h[djWc_[dje Z[b Fh[i_Z[dj[ 9ehh[W Yed kd c[Z_e Z[ Yeckd_YWY_ d" iki fhe# f_[jWh_ei o kd [n[Z_jeh" Yed bei Wkjeh[i Z[ È;b =hWd >[hcWdeÉ o Yed <kdZWc[Z_ei" ikX_ Z[ jede o fWi W kd [iY[dWh_e _dj[hdWY_edWb" Wb]e

ũ

&#!,)- ŋ *,)*/ -. De c[ gk[ZW ZkZW0 bW fhefk[ijW Z[ 9 Z_]e ?dj[]hWb F[dWb" Z[ i[h Wfhe# XWZe [d bei j hc_dei Z[b ;`[Ykj_le" [i h[Wbc[dj[ f[b_]heie$ 7Xh[ bW fk[hjW W kdW Yh_c_dWb_pWY_ d Z[ YWi_ jeZWi bWi \ehcWi Z[ fhej[ijW ieY_Wb o [d ejhWi cWj[h_Wi" Yece bei Z[h[Y^ei Z[ bW _d\WdY_W o WZe# b[iY[dY_W" _dYbkie feZh W ZWhi[ kd ]hWl[ h[jheY[ie ^_ij h_Ye _dYec# fWj_Xb[ Yed lWh_ei Yecfhec_iei _dj[hdWY_edWb[i ieXh[ Z[h[Y^ei ^kcWdei Wikc_Zei feh [b ;ijWZe [YkWjeh_Wde$ ;b Whj Ykbe )& Z[b fheo[Yje Z[# j[hc_dW gk[ bei o bWi WZeb[iY[dj[i

gk[ 9ehh[W Z[fbehW Yed WcWh]khW [ _hW$ >Wo gk[ j[d[h W bW l_ijW [b ^[Y^e Z[ gk[" feh be ][d[hWb" bW XWdYWZW e\_Y_Wb_ijW" jWb l[p feh i[]k_h kdW \ hh[W Z_iY_fb_dW e feh YWh[Y[h Z[ _Z[Wi fhef_Wi" ik[b[ Ykcfb_h Wb f_[ Z[ bW b[jhW bWi eh_[djWY_ed[i gk[ h[Y_X[ Z[ ik b Z[h$ O jWcX_ d gk[ bW efei_Y_ d" ^WijW W^ehW" iebe ^W feZ_Ze [Y^Wh cWde W ik Z[h[Y^e Wb fWjWb[e$ :[ cWd[hW gk[ jeZe fWh[Y[ YedikcWZe$ I[ Y[hhWh| Wi [b Wd_bbe gk[" Yece [b Z[ kdW WdWYedZW" Wif_hW W fed[h [d Y_djkhW o eXb_]Wh Wb i_b[dY_e W bW fh[diW _dZ[f[dZ_[dj[$ I[ W W# Z_h| [ijW dk[lW YWZ[dW W bWi gk[ oW Wdj[i [b =eX_[hde Z_i[ Yed bei fheo[Yjei Z[ B[o Z[ J[b[Yeckd_YWY_ed[i" [b dk[le 9 Z_]e F[dWb ?dj[]hWb" gk[ i[ Whj_YkbWd Yed Zei b[o[i gk[ oW i[ [dYk[djhWd [d l_][dY_W0 bW B[o Z[ FWhj_Y_fWY_ d 9_kZWZWdW o bW B[o 7dj_cedefeb_e$

cWoeh[i Z[ ', W ei ied _cfkjW# Xb[i f[dWbc[dj[$ :[ i[h WfheXW# ZW bW fhefk[ijW bei cWoeh[i Z[ ', W ei" jeZWl W c[deh[i Z[ [ZWZ fWhW jeZei bei Z[c|i [\[Yjei [d [b ;YkWZeh" i[h|d jhWjWZei Yece WZkbjei YkWdZe i[Wd WYkiWZei Z[ kd Z[b_je$ ;d bW fhefk[ijW de i[ `kij_Ò YW [ijW ceZ_Ò YWY_ d [ _dYbkie i[ Z_i# jehi_edW bW Yecfh[di_ d Z[ j[njei Yedij_jkY_edWb[i" fWhW ^WY[hdei Yh[[h gk[ [b fheo[Yje h[if[jW bW 9WhjW <kdZWc[djWb$ ;d bW ;nfei_# Y_ d Z[ Cej_lei i[ WÒ hcW gk[ ÆbW 9edij_jkY_ d Z[ bW H[f Xb_YW Z[b ;YkWZeh" [d ik Whj Ykbe -- d c[# he ')" Q$$$S [ijWXb[Y[ kdW i[fWhW# Y_ d [djh[ bWi o bei WZeb[iY[dj[i [d YedÓ _Yje Yed bW b[o f[dWb gk[ W d de ^WoWd Ykcfb_Ze Z_[Y_i _i W ei [ZWZ" W gk_[d[i i[ b[i _cfedZh| c[Z_ZWi ieY_e[ZkYWj_lWi" Z[b h[ije Z[ f[hiedWi fh_lWZWi Z[ b_X[hjWZÇ$ ;ije [i kdW \Wbi[ZWZ$ BW fWhj[ f[hj_d[dj[ Z[b Whj Ykbe [ijWXb[Y[

gk[ ÆfWhW bWi WZeb[iY[dj[i o bei WZeb[iY[dj[i _d\hWYjeh[i h[]_h| kd i_ij[cW Z[ c[Z_ZWi ieY_e[ZkYWj_# lWi fhefehY_edWb[i W bW _d\hWYY_ d Wjh_Xk_ZW Q$$$S$ BW fh_lWY_ d Z[ bW b_X[hjWZ i[h| [ijWXb[Y_ZW Yece bj_ce h[Ykhie Q$$$S o i[ bb[lWh| W YWXe [d [ijWXb[Y_c_[djei Z_\[h[d# j[i W bWi f[hiedWi WZkbjWiÇ$ De i[ ^WY[ Z_\[h[dY_W [djh[ WZeb[iY[dj[i cWoeh[i o c[deh[i Z[ ', W ei$ :_ic_dk_h bW [ZWZ Z[ _cfkjWX_# b_ZWZ W ', W ei _hh[if[jW bei Z[h[# Y^ei Z[ bW _d\WdY_W o WZeb[iY[dY_W o [l_Z[dY_W bW Z[cW]e]_W gk[ heZ[W bW bkY^W YedjhW bW _di[]kh_ZWZ$ ;i kd _dYkcfb_c_[dje Yed [b Z[X[h Z[ fhej[][h o ]WhWdj_pWh bei Z[h[# Y^ei Z[ gk_[d[i feh ik [ZWZ ied Z[ cWoeh lkbd[hWX_b_ZWZ$ µI[h| YWfWp bW 7iWcXb[W Z[ Ykcfb_h ik fWf[b o h[Y^WpWh [ijW f[b_]heiW fhefk[ijW5 $2(,.-ľ+ '.1 ē!.,ē#!

;YkWZeh" feh bW ]hWl_jWY_ d Z[ [ij[ ]hkfe [d dk[ijhe fW i" Wb [njh[ce Z[ gk[ bb[] W _dijWbWh ik fh_dY_# fWb YWcfWc[dje [d 7d]eijkhW" ZedZ[ ckh_[hed [b i[]kdZe Z[ bei c|n_cei YWX[Y_bbWi" Wb_Wi HW b H[# o[i o lWh_ei Z[ iki WY b_jei$ DWZW i[ ^W lk[bje W YedeY[h ie# Xh[ [b ikfk[ije _dlebkYhWc_[dje Z[ [YkWjeh_Wdei" [djh[ [bbei Yede# Y_Zei Z_h_][dj[i" gk[ fh[ikdjW# c[dj[ i[h Wd YebWXehWZeh[i Z[ [iW eh]Wd_pWY_ d gk[" i_ Wb]kdW l[p be jkle" f[hZ_ ik Wb_[dje _Z[Wb_ijW o Z[iY[dZ_ W bei c|i [n[YhWXb[i d_l[b[i Z[b_dYk[dY_Wb[i o ^WijW j[hheh_ijWi" Yece ied i[Yk[ijhe" [njehi_ed[i" Wi[i_dWje" dWhYejh|Ò # Ye o Wj[djWZei Yed XecXWi" i[] d =WhY W C|hgk[p o kd Y[dj[dWh Z[ _dj[b[YjkWb[i Z[ bW ^[hcWdW dW# Y_ d$ :[ fhei[]k_h bWi f[hj_d[dj[i _dl[ij_]WY_ed[i" i[h W iWbkZWXb[ YedeY[h gk ^Wo [d jWd Z[b_YWZe Wikdje gk[ Yecf[j[ W dk[ijhW ie# X[hWd W" i[]kh_ZWZ o Z[iWhhebbe dWY_edWb[i$ I[ ^W fk[ije dk[lWc[dj[ [ij[ j[cW Z[ WYjkWb_ZWZ" feh bW ck[hj[ Z[ È7b\edie 9WdeÉ" c|n_ce b Z[h Z[ bWi <7H9" [d cWdei Z[b ;` h# Y_je YebecX_Wde$ I_d ZkZW" ]ebf[ Z[ceb[Zeh fWhW [iei XWdZeb[hei" Yece ejhei Z[ [ijW c_icW dZeb[ gk[ ^Wd ik\h_Ze" _dYbkie [d dk[i# jhei j[hh_jeh_ei$ ;b YWc_de Z[ bW l_eb[dY_W [i [gk_leYWZe" W]hWlW W d c|i bei fheXb[cWi Z[ feXh[pW" cWh]_dW# b_ZWZ o h[jhWie$ De [i bW \ehcW Z[ bb[]Wh Wb feZ[h d_ iebkY_edWh Z[i# [gk_b_Xh_ei ieY_Wb[i" Z[ Wbb gk[ i[ lk[bl[ h[Yec[dZWXb[" Yece be hWj_Ò YWd [nf[h_[dY_Wi i_c_bWh[i" Z[`Wh bWi WhcWi o fWhj_Y_fWh [d bWi Yedj_[dZWi [b[YjehWb[i" [d [b cWhYe Z[ bW Z[ceYhWY_W$ H[Y_[d# j[c[dj[ i[ Z[ceijh be [\[Yj_le Z[ [ij[ fheY[Z_c_[dje" [d bW fhef_W 9ebecX_W" Yed [b jh_kd\e [d bWi khdWi Z[b [b[Yje WbYWbZ[ Z[ 8e]ej|" =kijWle F[jhe" [n ]k[hh_bb[he Z[b fWY_Ò YWZe Cel_c_[dje '/ Z[ WXh_b C#'/ $ $ 11(% ľ+ '.1 ē!.,ē#!

1#2("#-3#ũ !(.- + ũ ũ } (1#!3.1 ũ ")4-3 ũ ¡ ũ (1#!3.1 ũ ũ "(3.1ũ #%(.- + ũ "(3.1( +ũ (-.3 41.ũ ē ē 11 Ėũ #)~ ũĊĎćũ#-31#ũ 4!1#ũ8ũ .! $4#13#ē #+_$.-.ĖũĉĒĎıďĎćĉũ , (+Ėũ( 11 ľ+ '.1 ē!.,ē#! 3 5 +.Ėũ 4!1#ũ#-31#ũ +(- 2ũ8ũ .1 +#2ē ũ #+_$.-.ĖũĉĒĉıĎČĐĐũ , (+Ėũ.3 5 +.ľ+ '.1 ē!.,ē#! 4+!;-Ėũ 4!1#ũĐĉĉũ#-31#ũ 8 !4!'.ũ8ũ 4-~-Ĕũĉ".ũ/(2. #+_$.-.ĖũĉĒđıČďČďũ , (+Ėũ34+! -ľ+ '.1 ē!.,ē#! .Ėũ ũ .ēũĎĒČĈ

666ē+ '.1 ē!.,ē#! 23 ũ2#!!(¢-ũ1#/1#2#-3 ũ+ ũ./(-(¢-ũ"#ũ+.2ũ#"(3.1#2ēũ .2ũ#2!1(3.2ũ"#ũ+.2ũ !.+ .1 ".1#2ũ2¢+.ũ!.,/1.,#3#-ũ ũ242ũ 43.1#2ũ8ũ-.ũ1#Ąũ#) -ũ-#!#2 1( ı ,#-3#ũ#+ũ/#-2 ,(#-3.ũ"#+ũ/#1(¢"(!.ē


āąŏ ŏ ŏĂĀāā ŏ +. ŏ ġ

ēũ ũ/ 11.04( ũ (%2(/ , ũ2#1~ ũ#+ũ/4-3.ũ"#ũ/ 13(" ũ/ 1 ũ+ ũ!1# !(¢-ũ"#ũ+ ũ 13#1( ēũ

Ăúŋ%#& ' .,)-ŋ* , ŋ/(#,ŋ ŋ ' /, ŋ )(ŋ / /' v)-ŋ +ũ/+ -ũ#2ũ!.-2314(1ũ4-ũ! ,(-.ũ341~23(!.ũ ıũ#!.+¢%(!.ēũ !'.ũ/ 11.04( 2ũ"#ũ !4 ı ".1ũ8ũ .+., ( ũ(,/4+2 -ũ+ ũ("# ēũ ũěũ KdW _ibW l[hZ[" [i bW fWhhegk_W Z[ I_]i_fWcXW [d F_# cWcf_he$ Kd feXbWZe Z[ c_b +,( ^WX_jWdj[i" ZedZ[ i[ Wi[dj bW jh_Xk Z[ bei F_cWcf_hei$ :[iZ[ [i[ fkdje kdW b d[W _cW]_dWh_W i[ jhWpW ^WijW [b j[hh_jeh_e bW Ie\ W o Fk[hje B_Xh[" [d bW fhel_dY_W Z[ IkYkcX ei$ BW _dj[dY_ d [i Yh[Wh kdW Whj[h_W$ BW _Z[W dWY_ ^WY[ () W ei$ ?i_Zhe DWhl|[p" fh[i_Z[dj[ Z[ bW 7ieY_WY_ d ;b :ehWZe be h[Yk[h# ZW YbWhWc[dj[$ ;djedY[i" bei ++ ieY_ei Z[ I_]i_fWcXW Z[Y_Z_[hed [cfh[dZ[h kdW _Z[W fWhW Yh[Wh kdW hkjW [Yeb ]_YW o jkh ij_YW$ BW Whj[h_W YhkpWh W +& a_b # c[jhei Z[ pedW cedjW eiW" |h[W Z[ \hW_b[`ed[i" l[hj_[dj[i ^WijW bW fWhhegk_W BW Ie\ W" [d [b YWdj d IkYkcX ei$ I[ jhWjW Z[ kdW pedW Yed -/+ a_b c[jhei YkWZhWZei$ ;d [ij[ j[hh_jeh_e [ij|d bei h ei 9e\W# d[i o :ehWZe" bW H[i[hlW ;Yeb # ]_YW 9WoWcX[ 9eYW$ Kd i_j_e Yed Wcfb_W X_eZ_l[hi_ZWZ$ ;n_ij[d ,/' [if[Y_[i Z[ l[hj[XhWZei" '', WdÒ X_ei" -& h[fj_b[i" ))/ Wl[i" '&, cWc \[hei$ ;b i[dZ[he _dlebkYhWh W YhkpWh [ijW |h[W$ I_d [cXWh]e" fWhW ^W# Y[hbe Z[X[h|d Ykcfb_h h[gk_i_jei Wdj[ [b C_d_ij[h_e Z[b 7cX_[dj[$ ;ije fWhW [l_jWh W\[YjWh$ DWhl|[p Yh[[ gk[ [i kd ik[ e fei_Xb[$ Æ;ijW l W fei_X_b_jWh W bW

l_i_jW Z[ _dl[ij_]WZeh[i" jkh_ijWi$ 9edeY[h Wd [i[ fW i gk[ W l[Y[i i be [ij| [d [b cWfWÇ" W WZ_ [b Z_h_][dj[$ BW [ijhWj[]_W _dlebkYhW jWcX_ d bW Yh[WY_ d Z[ ]hWd`Wi W]h YebWi" YWiWi ^eif[ZW`[i" i[h# l_Y_e Z[ ]k_WdpW" Wb_c[djWY_ d$ #ũ! ,(-.ũ

:[iZ[ BW Ie\ W [i d[Y[iWh_e h[Ye# hh[h ejhei )& a_b c[jhei ^WijW bW pedW Y|b_ZW Z[ Fk[hje B_Xh[" [d [b YWdj d =edpWbe F_pWhhe$ ;d [ij[ [`[" i[ h[iWbjWd Wb c[dei )& [c# fh[dZ_c_[djei jkh ij_Yei$ ;djh[ ejhei WjhWYj_lei [ij|d1 bei h ei 7]kWh_Ye o 9e\Wd[i$ JWcX_ d bW f[iYW Z[ bW [if[Y_[ YWY^WcW Z[ Yebeh ]h_i W d[]he o ^WijW Z[ )+ a_be]hWcei$ BW YedijhkYY_ d Z[b i[dZ[he [i fWhW" M_bied FWhhW" fh[i_Z[dj[ Z[ bW @kdjW FWhhegk_Wb" kdW efehjkd_# ZWZ fWhW Whj_YkbWh bWi _d_Y_Wj_lWi" _cfkbiWh bW [Yedec W [d bW pedW Z[ _dÓ k[dY_W o [l_jWh bW c_]hWY_ d W bW Y_kZWZ$ ;d Fk[hje B_Xh[ ^WX_# jWd c_b )&& f[hiedWi$ ;b jhWpWZe Z[b fWie bb[] ^Wi# jW [b h e ;b :ehWZe [d bWi bj_cWi Zei Z YWZWi$ FWhW Yh_ijWb_pWh [i d[Y[iWh_e [bWXehWh kd fbWd$ BW [ijhWj[]_W \k[ Wb_Whi[ Yed bW fh[# cWdYeckd_ZWZ <hedj[hW L[hZ[$ ;ijW eh]Wd_pWY_ d _dj[]hW W bWi fWhhegk_Wi Fk[hje B_Xh[" ;b FbW# o d" ;b 9Whc[be Z[ 9WhY^_" IWdjW

)(5,$ '(/ 08(%/(

ēũ ũ1#4-(¢-ũ 31 ).ũ ũ!#1! ũ"#ũđćũ1#/1#2#-3 -3#2ũ#-ũ (%2(/ , ēũ

(-#1~ Ĕũ3 + ũ"#ũ .204#2ũ8 ũ 241 ũ/1#.!4/ -ũ ŗũũ

ũ/1#, -!.,4-(" "ũ 1.-3#1 ũ #1"#ũ3(#-#ũ4-ũ .ēũ +ũ. )#3(5.ũ#2ũ+ ũ!.-2#15 ı !(¢-ũ#ũ(-3#15#-(1ũ$1#-3#ũ ũ+.2ũ1(#2%.2ēũ - ũ"#ũ+ 2ũ !!(.-#2ũ ;2(! 2ũ#2ũ+ ũ!1# !(¢-ũ "#ũ4-ũ/+ -ũ"#ũ.1"#- ,(#-3.ũ8ũ"#2 11.++.ũ3#11(3.1( +ũ/ 1 ũ"#3#1,(- 1ũ!+ 1 ,#-3#ũ + 2ũ ,#- 9 2ēũ 23;ũ3#1,(- ".ũ/#1.ũ"# (".ũ ũ+ ũ(-3#%1 !(¢-ũ"#ũ (%2(/ , ũ3., 1;ũ ,;2ũ3(#,/.ēũũ -3.-(.ũ 2/4#+Ĕũ/1#2("#-3#ũ"#ũ+ ũ/1#, -!.,4-(" "Ĕũ#7/+(!¢ũ04#ũ 2#ũ("#-3(ăũ! -ũ+.2ũ/1. +#, 2ũ/ 1 ũ/+ -3# 1ũ !!(.-#2ũ!+ 1 2ēũ 23#ũăũ-ũ"#ũ2#, - ũ2#ũ "#2 11.++¢ũ4- ũ1#4-(¢-ũ#-ũ (%2(/ , ēũ ũũũũũũ -ũ+ ũ!(3 ũ2#ũ("#-3(ăũ!¢ũ/1. +#, 2ũ!.,.ũ+ ũ,(-#1~ ũ#-ũ+ ũ/ 11.04( ũ ũ .$~ ēũ -ũ/1. +#, ũ2(,(+ 1ũ#7(23#ũ#-ũ ũ (!3.1( ēũ #-18ũ #)~ Ĕũ"#+ũ +ũ + 8¢-Ĕũ/.1ũ24ũ / 13#ũ' +¢ũ"#ũ+ ũ3 + ũ"#ũ .204#2Ĕũ+ 2ũ"#2! 1% 2ũ"#ũ+.2ũ1~.2Ĕũ+ ũ$ +3 ũ"#ũ/+ -3 2ũ"#ũ 31 3 ,(#-3.ē

8|hXWhW" BW Ie\ W" HeiW <beh_ZW o [b Yehh[]_c_[dje BW L_Yjeh_W Z[ 9ebecX_W$ ;d eYjkXh[" I_]i_fWc# XW Z[ ?cXWXkhW" i[ Yecfhec[j_ Yed bW _Z[W$ 7djed_e FWifk[b" fh[i_Z[dj[ Z[ bW fh[cWYeckd_ZWZ" [nfb_Y gk[ i[ jhWjWh| Z[ _cfkbiWh [ijW WYY_ d$ KdW Z[ bWi fhefk[ijWi [i [b Z[iWhhebbe Z[ kd [ijkZ_e$ ;d bW fh n_cW h[kd_ d" [d Z_Y_[cXh["

[d BW Ie\ W i[ Yh_ijWb_pWh| [b Wfeh# j[$ FWhW >[dho C[` W" Z_h_][dj[ Z[ ;b FbWo d" i[ jhWjW Z[ kdW _d_Y_W# j_lW fWhW h[fb_YWhi[ [d ejhei i[Y# jeh[i" gk[ [i d[Y[iWh_e fhecel[h$ ;ije W f[iWh Z[ gk[ [b i[dZ[he de YhkpWh W [ij[ j[hh_jeh_e$ ;d Zei W ei" ?i_Zhe DWhl|[p" Yh[[ gk[ [b Y_hYk_je i[h| c|i gk[ kdW b d[W _cW]_dWh_W" i_de kd [`[ Z[ _dj[]hWY_ d$

Ĉ

#' '*#,)ŋ 0# , ,6ŋ )(ŋ & -ŋ ,. -ŋ ũěũ;b * Z[ Z_Y_[c# Xh[ i[ h[Wb_pWh| [b fh_c[h [dYk[djhe Whj ij_Ye Ykbjk# hWb Z[dec_dWZe ÆF_cWc# f_he l_l[ o l_XhWÇ$ ;b eX# `[j_le [i Yh[Wh kd [ifWY_e Z[ [nfh[i_ d o ceijhWh [b Whj[ Z[iZ[ bW l_i_ d Z[ bei ` l[d[i$ ;b [l[dje i[ h[Wb_pWh| W bWi &/0&& [d bW YWbb[ 8e# b lWh" [d bW YWX[Y[hW YWd# jedWb$ ;i eh]Wd_pWZe feh [b Cel_c_[dje Z[ D_ [p o 7Zeb[iY[dY_W o bW H[Z Z[ @kl[djkZ F_cWcf_h[ W$ 7d] b_YW ;if_depW" i[Yh[jWh_W [`[Ykj_lW Z[b 9edi[`e 9WdjedWb" [nfb_Y gk[ i[ YeehZ_dW Yed ]hk# fei Z[ ZWdpW Z[ CWh_Wde 7YeijW" IWd <hWdY_iYe Z[ I_]i_fWcXW" Z[b Yeb[]_e F_cWcf_he$ JWcX_ d Yed ]hkfei Z[ c i_YW Z[ 9^Wb]kWoWYk o Whj_ijWi gk[ ck[ijh[d [b XW_b[ khXWde$ Æ9ed [ij[ [dYk[djhe gk[h[cei WXh_h kdW l[d# jWdW" Z[ic_j_Ò YWh gk[ bei ` l[d[i i be i[ h[ d[d fWhW WhcWh h[bW`eÇ" Wi[l[# h ;if_depW$ DWdYo J[h|d" b Z[h Z[ bW H[Z Z[ @kl[djkZ" [nfb_Y gk[ [b eX`[j_le [i Z[cei# jhWh bWi YWfWY_ZWZ[i Z[ bei ` l[d[i$

ēũ 23 ũ !3(5(" "ũ ,.231 1;ũ ũ+ 2ũ 13#2ũ"#2"#ũ+ ũ 5(2(¢-ũ"#ũ+.2ũ)¢5#-#2ēũ

=PHG 9EG:D9J &HQWUR &RQYHQFLRQHV $FUySROLV GHO GH QRYLHPEUH DO GH GLFLHPEUH $&(37$026 72'$6 /$6 7$5-(7$6 '( &5e',72


ŏ ŏ

ŏ

ĉ

ŏ āąŏ ŏ ŏĂĀāā ŏ +. ŏ ġ

.+!;-ũ .3 ! !'(

$ ;b WYY[ie W bW XWi[

Z[b lebY|d 9ejWYWY^_ i[ fk[# Z[ h[Wb_pWh [d kd l[^ Ykbe jeZe j[hh[de Z[iZ[ [b Z[il e gk[ [n_ij[ [d [b Yedjheb Z[ _d]h[ie Wb bW]e 9k_YeY^W$ ;n_ij[ jWcX_ d bW fei_X_b_# ZWZ Z[ ^WY[hbe YWc_dWdZe" i_[cfh[ o YkWdZe" i[ bb[l[ [b _cfb[c[dje WZ[YkWZe fWhW [iYWbWh$ ;ij| i_jkWZe W kdW Wbj_jkZ Z[ *$/)/ c[jhei ieXh[ [b d_l[b Z[b cWh$ Cko feYWi f[hiedWi bb[]Wd fWhW ikX_h Wb 9ejWYWY^_$

+(23 -ũ/1.%1 , 2ũ - 5("# .2

$ LWh_Wi _dij_jk# Y_ed[i ieY_Wb[i `kdje W bW H[_dW Z[ bW @ehW" i[ kd[d fWhW Ykcfb_h Yed bW W][d# ZW Z[ WYj_l_ZWZ[i gk[ i[ Z[iWhhebbWh|d W be bWh]e Z[ Z_Y_[cXh[$ ;if[hWd h[dZ_h kd `kije ^ec[dW`[ W bei d_# ei W jhWl i Z[ bW [djh[]W Z[ ZedWj_lei$ ;b eX`[j_le [i bb[# ]Wh W bei i[Yjeh[i WfWhjWZei Z[X_Ze W bWi b_c_jWY_ed[i gk[ j_[d[d [d bWi |h[Wi Z_if[hiWi Z[b YWdj d$

(# # ŋ., $)ŋ (ŋ &ŋ #-.,#.)ŋ ŋ ). "# ¡ ēũ -ũ+ 2ũ4-(" "#2ũ"#ũ .+(!~ ũ/#1, -#!#1;ũ4- ũ/#12.- ēũ .".2ũ31 ) 1;-ũ#-ũ+ ũ! ++#ē

ũ .+(!~ ũ !(.- +ũ!.-.!#1;ũ#+ũ3#11#-.ũ #-ũ#+ũ04_ũ31 ) 1;ũ2#%Ì-ũ#23 +#!#ũ#+ũ -4#5.ũ.1"#-ũ3#11(3.1( +Ĕũ!.,.ũ (231(3.ē ũěũ:[iZ[ ^eo" [b :_ijh_je

Z[ 9ejWYWY^_ i[h| lWbehWZe feh f[hiedWb Z[ bW Feb_Y W DWY_edWb$ Bei kd_\ehcWZei YedeY[h|d bW \kdY_ d gk[ Z[i[cf[ Wh|d$ BW 9ecWdZWdY_W Fhel_dY_Wb Z_ifk# ie W bei ][dZWhc[i WY[hYWhi[ W bei Y_kZWZWdei$ FWhW ZWh Ò[b Ykcfb_c_[dje W bWi Z_ifei_Y_ed[i gk[ Yedbb[lW kd :_ijh_je" i[ Z[ij_dWh|d dk[# l[ YbWi[i o feb_Y Wi" kd `[\[" jh[i eÒY_Wb[i$ F[he [d YWZW Kd_ZWZ Z[ Feb_Y W 9eckd_jWh_W KF9

jhWXW`Wh|d YkWjhe feb_Y Wi" Z_`e 9h_ij_|d F h[p" `[\[ Z[ bW Feb_Y W HkhWb$ Bei YedjWYjei Y_kZWZWdei i[# h|d h[Wb[i$ Bei feb_Y Wi WYkZ_h|d W bei d[]eY_ei" [dj_ZWZ[i ÒdWd# Y_[hWi" bei ^e]Wh[i" eh]Wd_pWY_e# d[i Z[ jeZW dZeb[" fWhW fed[hi[ W bW ehZ[d o WhcWh bei fbWd[i fh[l[dj_lei [djh[ jeZei$ 9WZW Kd_ZWZ Z[ Feb_Y W j[d# Zh| kd j[hh_jeh_e Z[j[hc_dWZe" Yed [b Òd Z[ [cfWfWhi[ Z[b ce# l_c_[dje Z[b i[Yjeh Wi_]dWZe$ BW

Ċ Ĉć ũ ĵ ũ ũ

bWXeh feb_Y_Wb i[h| [lWbkWZW$ ;b ^ehWh_e Z[ jhWXW`e Z[ bei ][dZWhc[i i[h| bWi (*0&&" Z[ WYk[hZe W bei jkhdei gk[ b[i Yehh[ifedZW$ ;d bW Y_kZWZ f[h# cWd[Y[h|d Y_dYe Z Wi" [b '&& Z[b f[hiedWb" [b Òd Z[ i[cWdW [b -+ $ KdW f[hiedW f[hcWd[Y[h| [d YWZW eÒY_dW Z[ bW Kd_ZWZ Z[ Feb_Y W$ >WXh| kdW YWcW fWhW Z[i# YWdiWh" f[he de i[ Yedl[hj_h| [d l_l_[dZW bW KF9 Z[ bW Y_kZWZ$ BWi Z[b i[Yjeh hkhWb i i[hl_h|d fWhW l_l_[dZW Z[b f[hiedWb" feh bW b[`Wd W$ !#1! ,(#-3.

FWhW HWockdZe 7h_Wi" [ijW fbW# d_\_YWY_ d [ij| X_[d" i_[cfh[

gk[ bei ][dZWhc[i WikcWd ik h[ifediWX_b_ZWZ Yed 9ejWYWY^_" Z_`e$ 9ed\ W gk[ bW Feb_Y W Yed# l[hj_h| Wb YWdj d [d kd l[hZW# Z[he i_j_e Z[ fWp$ Æ;i fh[cWjkhe Z[Y_h i_ [b jhWXW`e [i fei_j_le" [b j_[cfe be Z_h|Ç" Z_`e 7h_Wi$ BW bWXeh fh[l[dj_lW i[ h[\eh# pWh| Yed bW Feb_Y W 9eckd_jWh_W$ F[hiedWb kd_\ehcWZe i[ [dYWh# ]Wh| jWcX_ d Z[ YedeY[h bei fheXb[cWi gk[ j_[d[d [d YkWdje W _d\hW[ijhkYjkhW l_Wb" iWd_jWh_W" [b[Yjh_ÒYWY_ d" fWhW gk[ bei Ye# jWYWY^[ ei i[ i_[djWd i[]khei Yed jeZWi bWi _dijWbWY_ed[i j Y# d_YWi gk[ Wc[h_jW kdW Y_kZWZ" i_ ^Wo \Wb[dY_Wi [d eXhWi" i[h|d h[c_j_ZWi W bWi Wkjeh_ZWZ[i Z[ [ijW beYWb_ZWZ$

)ŋ- ŋ .# ( ŋ& ŋ*,) / # (ŋ ŋ&# ),ŋĒ*/(. -ēŋ ŋu(. ! I[ YedeY[ gk[ bW pedW Z[ ÞdjW] [i fheZkYjehW Z[ b_Yeh Whj[iW# dWb$ 7XWij[Y[ Z[b fheZkYje W bW fhel_dY_W o W ejhWi Z[b fW i" _dYbkie i[ Yec[hY_Wb_pW [d F[h o 9ebecX_W$ 9ed bW fhe^_X_Y_ d Z[ [ij[ jhWXW`e" bWi f[hiedWi gk[ i[ Z[# Z_YWd W iWYWh bWi bbWcWZWi Èfkd# jWiÉ be ^WY[d [d \ehcW YbWdZ[i# j_dW" Yece be ^WY W ^WY[ Wb] d j_[cfe" f[he W^ehW [dYedjhWhed ejhe c[YWd_ice fWhW [iYedZ[h bW c[hYWdY W _b[]Wb$ 7 bWi YWdj_dWi Z[ 9ejWYW# Y^_" EjWlWbe bb[]Wd YWd[YWi Z[ ((& b_jhei Z[iZ[ ÞdjW]$ Hec|d" decXh[ fhej[]_Ze" Z_Y[ gk[ de j_[d[ ejhW Wbj[hdWj_lW$ BWi Z[k# ZWi o [b ikij[dje Z[ ik \Wc_b_W"

ēũ .1ũ,;2ũ04#ũ+ 2ũ 43.1(ı " "#2ũ1# +(9 -ũ(-2/#!!(.-#2ũ#-ũ+.2ũ ! ,(-.2ũ ũ+.2ũ! -3.-#2ũ++#% ũ#+ũ+(!.1ũ 13#2 - +ē

b[ bb[lWd W iWYWh [b jhW]e Z[iZ[ YkWbgk_[h fWhj[ Z[ bW pedW [d bW cWZhk]WZW e W WbjWi ^ehWi Z[ bW deY^[" ^WY_[dZe jhWiXehZe$ F_Z[ W bWi Wkjeh_ZWZ[i iebk# Y_edWh [b j[cW Z[ bW b[]Wb_pWY_ d Z[ bW fheZkYY_ d Z[b b_Yeh$


ŏ āąŏ ŏ ŏĂĀāā ŏ +. ŏ ġ

Ċ

-ũ 4(!'(-!'#ũ 2(-ũ %4 ũ

$ ;b jWdgk[he Z[b

¡ ēũ #12.-#1.2ũ"#+ũ ũ5(2(3 1.-ũ+.2ũ-#%.!(.2ũ!.,#1!( +#2ũ/ 1 ũ%#-#1 1ũ!.-!(#-!( ũ#-ũ+.2ũ#,/+# ".1#2ũ#-ũ 3 5 +.ēũ

Ä' ,)ŋ ŋ ð&# )-ŋ /' (. #ũ#23(, ũ04#ũ/ 1 ũ#+ũĉćĈĈũ 4,#-3#ũ#+ũ ĉĎŘũ"#ũ ă+( ".2ũ#-ũ3." ũ+ ũ/1.5(-!( ēũ 2ũ!($1 2ũ2.-ũ +#-3 ".1 2ũ/ 1 ũ#+ũ ē ũ ěũ BW fheo[YY_ d Z[ Wb#

YWdpWh '( c_b f[hiedWi WÒb_W# ZWi ^WijW Z_Y_[cXh[ Z[b (&'' i[ [ij| Ykcfb_[dZe [d [b LWbb[ Z[b 7cWd[Y[h" ZedZ[ [b W e fWiWZe i[ h[]_ijhWhed dk[l[ c_b +&& WÒb_WZei$ BWi l_i_jWi Wb[Wjeh_Wi gk[ i[ h[Wb_pWhed W bei d[]eY_ei Z[b LW# bb[ Z[b 7cWd[Y[h Z_[hed Xk[dei h[ikbjWZei$ ;d [b bj_ce jh_c[i# jh[ i[ h[]_ijh kd _dYh[c[dje Z[b '+ [d WÒb_WY_ d W bei [c# fb[WZeh[i$

;b j[hY[h jh_c[ijh[ Z[b W e [d [b ?dij_jkje ;YkWjeh_Wde Z[ I[]kh_ZWZ IeY_Wb#?;II c[`eh bW h[YWkZWY_ d [d be gk[ W WÒb_W# Zei i[ h[Ò[h[" [if[Y_Wbc[dj[ [d [b i[Yjeh Whj[iWdWb o Yec[hY_Wb" gk[ [hW [b c|i h[dk[dj[ [d [b YWdj d$ @eWgk d" ejWlWb[ e" j_[d[ kd jWbb[h Z[ Whj[iWd Wi o Yk[djW Yed i_[j[ eXh[hei" i be Zei Z[ [bbei o iki YebWXehWZeh[i c|i Wdj_]kei [hWd WÒb_WZei$ ;b c[i fWiWZe WÒb_ Wb h[ije Z[ jhWXW`WZeh[i$

ÆDe gk_[he j[d[h fheXb[cWi Yed bW b[oÇ " Z_`e [b Whj[iWde kd jWdje Wj[ceh_pWZe$ xb WZ[c|i Yk[djW Yed [cfb[WZei W Z[ijW`e" gk[ bei YedjhWjW Z[ \ehcW j[cfehWb fWhW Ykcfb_h Yed bW Z[cWdZW Z[ ik c[hYWZ[h W$ BW Eh]Wd_pWY_ d ?dj[hdWY_e# dWb Z[b JhWXW`e [ijWXb[Y[ gk[ feh YWZW `kX_bWZe Z[X[ ^WX[h '& WÒb_WZei Yej_pWdj[i$ ;d bW WYjkW# b_ZWZ [d [b fW i i[ cWdj_[d[d [d kd fhec[Z_e Z[ i_[j[ WÒb_WZei feh kd `kX_bWZe$ 7 d_l[b fhel_dY_Wb i[ [ij_cW gk[ [n_ij[d Wbh[Z[Zeh Z[ ), c_b WÒb_WZei h[]_ijhWZei [d [b (&'&" c_[djhWi gk[ fWhW [b (&'' i[ [i# j_cW gk[ bW Y_\hW XehZ[[ bei *( c_b$

9k[hfe Z[ 8ecX[hei feh f[Z_Ze Z[ bei feXbWZeh[i Z[ Gk_Y^_dY^[" WYkZ_ ^WijW bW fWhhegk_W fWhW YebWXehWh Yed bW ZejWY_ d Z[b b gk_Ze l_jWb$ ;ije Z[X_Ze W gk[ i[ h[]_ijhWhed fheXb[cWi Yed [ij[ i[hl_Y_e [d lWh_ei i[Yjeh[i Z[ [iW `kh_iZ_YY_ d$ I[ YedeY_ gk[ [b _cfWii[ j Yd_Ye oW \k[ ikf[hWZe$

1./4#23 2ũ+#%(2+ 3(5 2

;d bW 7iWcXb[W DWY_edWb i[ [d# Yk[djhW [d Z[XWj[ bW f[dWb_pWY_ d Z[ bW de WÒb_WY_ d$ >Wo fhefk[i# jWi Z[ WiWcXb[ ijWi gk[ fbWdj[Wd Z[ jh[i W Y_dYe W ei Z[ fh_i_ d fWhW bei fWjhedei gk[ de WÒb_[d W iki [cfb[WZei$ ;ije ^Wh| gk[ feh i iebe" [b [cfb[WZeh WÒb_[ W iki jhWXW`WZeh[i$ ?l|d 7dZhWZ[" `[\[ Z[b ?dij_jk# je ;YkWjeh_Wde Z[ I[]kh_ZWZ Ie# Y_Wb [d EjWlWbe" [nfb_Y gk[ Yed bW l_i_jW W bei [ijWXb[Y_c_[djei Yec[hY_Wb[i i[ ][d[hW YedY_[dY_W [d [b [cfb[WZeh fWhW gk[ YkcfbW Yed iki eXb_]WY_ed[i$ Æ;ij[ bj_ce jh_c[ijh[ i[h| fei_j_le fWhW bei _dZ_YWZeh[i Z[ ][ij_ d Z[b I[]khe IeY_WbÇ" c[dY_ed 7dZhWZ[$

1.%1 , ũ"#ũ ,#-"(!(" "

$ BW YWcfW W Æ:W

:_]d_ZWZ Z[b C?;I#?D<7Ç" i[ [dYk[djhW [d jejWb [`[Yk# Y_ d W d_l[b fhel_dY_Wb$ >eo W bWi '*0&& i[ Z[iWhhebbWh| kdW h[kd_ d Z[ jhWXW`e Yed lWh_Wi _dij_jkY_ed[i W Òd Z[ YeehZ_dWh WYY_ed[i fWhW Ykcfb_h Yed bei eX`[j_lei Z[ Z_ic_dk_h bW c[dZ_Y_ZWZ [d bW fhel_dY_W o [b YWdj d fkdjkWbc[dj[$

(ŋ "6(! , ŋ &.)ŋ (/( # (ŋ#,, !/& ,# -ŋ

ēũ .2ũ2.!(.2ũ"#ũ+ ũ!../#1 3(5 ũ !';-% 1 ũ +3.Ĕũ)4-3.ũ ũ24ũ .% ".ũ 2#ũ, -3(#-#-ũ/#-"(#-3#2ũ"#+ũ! 2.ēũ

Bei cehWZeh[i Z[ bW Yeef[hWj_lW Z[ l_l_[dZW CWY^|d]WhW 7bje WYkiWd W bei [n Z_h[Yj_lei Z[ _hh[# ]kbWh_ZWZ[i [d bW WZc_d_ijhWY_ d o Z[ cWbl[hiWY_ d Z[ \edZei$ ;b YWie \k[ fk[ije [d cWdei Z[ bW b[o$ ?Z[dj_ÒYWhed bW l[djW o YWc# X_e Z[ j[hh[dei i_d Wkjeh_pWY_ d Z[ bW WiWcXb[W o kd _d\ehc[ [Ye# d c_Ye cWgk_bbWZe$ BW WYkiWY_ d [ij| Z_h_]_ZW W jh[i f[hiedWi gk[ [ijWh Wd l_dYkbWZWi Yed cWbei cWd[`ei$ 7d_jW HWcei" fh[i_Z[djW WY# jkWb Z[ CWY^|d]WhW 7bje" Z_Y[ gk[ W decXh[ Z[ bei cehWZeh[i f_Z[d gk[ i[ Z[lk[blW kd \WbjWd# j[ gk[ WiY_[dZ[ W c|i Z[ (& c_b

Z bWh[i$ I[ Wb gk[ jeZWl W ^WY[d \WbjW jhWXW`ei X|i_Yei [d bW khXW# d_pWY_ d$ >WY[ c|i Z[ kd W e i[ ^_pe bW Z[dkdY_W \ehcWb ieXh[ [ij[ YWie o bk[]e Z[ bW _dZW]WY_ d fh[# l_W Wkjeh_p WkZ_[dY_W$ ;b fWiWZe (. Z[ eYjkXh[" [b @kp# ]WZe J[hY[he Z[ =WhWdj Wi F[dW# b[i" Z_YjWc_d fh_i_ d fh[l[dj_lW fWhW bei jh[i _cfkjWZei" gk_[d[i Wdj[h_ehc[dj[ [ijkl_[hed W bW YW# X[pW Z[ bW Yeef[hWj_lW Z[ l_l_[d# ZW$ 7Z[c|i "i[ Z_YjWhed c[Z_ZWi Z[ YWh|Yj[h h[Wb" feh be gk[ [ij|d _cf[Z_Zei Z[ l[dZ[h iki X_[d[i$ :_Wh_e BW >ehW _dj[dj Z_W# be]Wh Yed bWi f[hiedWi WbkZ_ZWi f[he de eXjkl_cei d_d]kdW h[i# fk[ijW Z[ ik fWhj[$

#ũ4-#-ũ/ 1 ũ#5(3 1ũ '#!'.2ũ"#+(!3(5.2

$ Bei cehWZeh[i Z[

bW Y_kZWZ[bW @WY_dje 9e# bbW^kWpe kd[d [i\k[hpei fWhW h[ZkY_h bei d_[b[i Z[ _di[]kh_ZWZ$ B[ WfkdjWd W bW WZgk_i_Y_ d Z[ WbWhcWi Yeckd_jWh_Wi fWhW Ykcfb_h [ije$ 9k[djWd Yed [b iefehj[ Z[ bW Feb_Y W o [b Ckd_Y_f_e" i[ fh[l gk[ [b i_ij[cW oW [djh[ [d \kdY_edWc_[dje$


ŏ ŏ

āĀ

ŏ āąŏ ŏ ŏĂĀāā ŏ +. ŏ ġ

ũěũBW Yec_i_ d [nj[hdW [dYWh]WZW Z[b fheY[ie Z[ YW# b_Ò YWY_ d Z[ bei jhWdifehj_i# jWi [djh[] kd _d\ehc[ W bei YedY[`Wb[i Z[ bW 9ec_i_ d Z[ Jh|di_je fWhW ik h[l_i_ d$ ;b ZeYkc[dje Yedj_[d[ bW b_ijW Z[ bei '- Wif_hWdj[i W jWn_ijWi

ŏ

ûāþŋ., (-*),.#-. -ŋ ŋ-),. )ŋ ŋ /*)gk[ bk[]e Z[b fheY[ie Z[ _c# fk]dWY_ed[i \k[hed Z[iYWb_Ò # YWZei Z[b ]hkfe$ BW b_ijW Z[Ò d_j_lW Yed bei decXh[i Z[ '-* YWb_\_YWZei fWhW [b iehj[e i[ Z_\kdZ_ Wo[h$ ;b iehj[e fWhW eYkfWh bei '', Ykfei lWYWdj[i fWhW [b

jWn_ice Yedl[dY_edWb i[h| [b `k[l[i '- Z[ del_[cXh[ W bWi '&0&& [d [b WkZ_jeh_e 9ejWcW Z[ [ij[ YWdj d$ BW Yec_i_ d [dYWh]WZW Z[ h[]kbWh_pWh Wb jhWdifehj[ _b[# ]Wb jWcX_ d [c_j_ kd b_ijWZe Z[ ik][h[dY_Wi$

!" & $ ( # ; & : % # % & # ( %# # # " # !" # ( "9 $ # " $ # % $ # #! # "9 $ " $ #$ # # "9 $ #$ $% # " # #$ # #

# % #$ $" " # #7 666 # !" %! %$ 8 " %#$

* ' -%, (%(* ($( 1( !

* (* ) (%(* % ' ( 1(

* (* (%(* !*( 1(

ēũ +ũ+(23 ".ũ"#ăũ-(3(5.ũ"#ũ+ 2ũ/#12.- 2ũ04#ũ.!4/ 1;-ũ4-ũ!4/.ũ"#ũ 3 7(23 2ũ2#ũ"($4-"(¢ũ 8#1ē

(()0 (.,)ŋ ŋ*,) / # (ŋ * , ŋ &ŋ (. (ŋ +ũ/1.8#!3.ũ2#1;ũ4-ũ'#!'.ũ8ũ2#ũ#)#ı !43 1~ ũ ũ(-(!(.2ũ"#+ũĉćĈĉēũ #ũ31 3 ũ"#ũ ,#).1 1ũ+ ũ 13#2 -~ ũ.3 5 +# ēũ ũěũBW Whj[iWd W ejWlWb[#

W ZWh| kd lk[bYe W jhWl i Z[ bW _cfb[c[djWY_ d Z[b _ddelW# Y[djhe Z[ fheZkYY_ d$ I[ jhWjW Z[ kd fheo[Yje gk[ i[ _dijWbWh| [d [b YWdj d Yece kd Y[djhe Z[ _dl[ij_]WY_ d" fheZkYY_ d o Yec[hY_Wb_pWY_ d Yed c_hWi W c[`ehWh bW Whj[iWd W o XkiYWh dk[lei c[hYWZei$ ;ije i[h| kd ^[Y^e" fk[i [b WYk[hZe gk[Z fWYjWZe [djh[ [b IkXi[Yh[jWh_e Z[ bWi C[Z_WdWi o F[gk[ Wi ?dZkijh_Wi C_fo# c[i Z[b C_d_ij[h_e Z[ ?dZki# jh_Wi o FheZkYj_l_ZWZ C_fhe o bWi Wkjeh_ZWZ[i Z[b LWbb[ Z[b 7cWd[Y[h$ ;d kd c|n_ce Z[ '+ Z Wi h[Yef_bWh|d jeZW bW _d# \ehcWY_ d gk[ ikij[dj[ [ij[ fbWd$ ;b Yecfhec_ie \k[ b_cWh [b fheo[Yje ^WijW Ò d Z[ W e fWhW gk[ [d [b (&'( i[ fed]W [d [`[# YkY_ d$ FWhW [bbe cWdj_[d[d h[# kd_ed[i f[hcWd[dj[i$ I[ fh[l

gk[ [b bkd[i bb[]k[ W bW Y_kZWZ kd h[fh[i[djWdj[ Z[b C_fhe$ ;b eX`[j_le i[h| h[Yehh[h [ifWY_ei Z_ifed_Xb[i fWhW bW _cfb[c[d# jWY_ d Z[b _ddelWY[djhe$ I[ YedeY[ gk[ [d [b YWdj d 7djed_e 7dj[ jWcX_ d i[ h[W# b_pWh| kd fheY[ie i_c_bWh f[he [d\eYWZe W bW fheZkYY_ d j[nj_b _dZkijh_Wb$ !4#1".2ũ8ũ!.-31 / 13#

;b Ckd_Y_f_e i[ [dYWh]Wh| Z[ bW ZejWY_ d Z[b [ifWY_e \ i_Ye ;b fheo[Yje XehZ[W bei Zei c_bbed[i Z[ Z bWh[i Z[ bei YkWb[i [b 9WX_bZe WfehjWh W Yed [b )& " Wi be [nfb_Y =Wbe IWdj_bb|d" Z_h[Yjeh Z[ FWhj_Y_# fWY_ d 9_kZWZWdW$ Æ7 d_l[b dWY_edWb [ij[ fheo[Yje j_[d[ Yecfed[dj[i Z[\_d_Zei" [d EjWlWbe [b fbki i[h W c[`ehWh bW YWb_ZWZ o [b Z_i[ e [d bei fheZkYjei Whj[iWdWb[iÇ" W W# Z_ [b \kdY_edWh_e$

* " .*(% , #' ( % (%(* '( 1(

"ĵĉĊĐĎćĵ (

* #++ ' / (%(* * & 1(

"

* 0-' # (%(* % ' ( 1(

.3,++.=1 !)1)0,3.+)1) #43 -23/)5< *)33) $ 9 # '$

(

ēũ .2ũ(--.5 !#-31.2ũ2.-ũ4-ũ/1.%1 , ũ"#+ũ (/1.ũ/ 1 ũ,#).1 1ũ+ ũ ! "#- ũ/1."4!3(5 ēũ -ũ#+ũ! 2.ũ"#ũ 3 5 +.ũ#+ũ3#, ũ#23 1;ũ5(-!4+ ".ũ"#ũ++#-.ũ !.-ũ+ ũ 13#2 -~ ēũũ


ŏ āăŏ ŏ ŏĂĀāā ŏ +. ŏ ġ

āā

.2ũ$ -2ũ

+ũ 13(23 ũ #1%(.ũ !.3.Ĕũ2#11¢ũ#+ũ /1.%1 , ũ,42(! +Ĕũ"#+#(3 -".ũ ũ +.2ũ/1#2#-3#2ũ!.-ũ5 1(.2ũ"#ũ242ũ _7(3.2Ĕũ "#,;2ũ+.2ũ /+ 42.2ũ"#ũ +.2ũ)¢5#-#2ũ#234"( -3#2ũ-.ũ2#ũ '(!(#1.-ũ#2/#1 1ũ/ 1 ũ#+ũ3 +#-3.2.ũ ! -3 43.1Ĕũ04(#-ũ %1 "#!(¢ũ/.1ũ3 -ũ %1 3 ũ !.%(" ēũũ

(1#ũ242ũ$.3.2ũ#-Ė 666ē+ '.1 ē!.,ē#!

ũ %14/ !(¢-ũ,42(! +Ĕũ .2ũ ' 4!' ũ (-%2ũ!.-$.1, " ũ/.1Ĕũ (#%.ũ ( .Ĕũ 4%.ũ #11.Ĕũ (.ũ #11.ũ8ũ +.ũ -3 !149ũ/.2 -ũ/ 1 ũ#+ũ+#-3#ũ"#ũ #-3#ēũũ

- ũ, - ũ ,42(! +ũ

(ŋ -. ŋ # # (ŋ& ŋ*, - (. ')-ŋ& ŋ- !/( ŋ* ,. ŋ ŋ&)ŋ+/ ŋ / ŋ &ŋ 0 (.)ŋ-)&# ,#)ŋ&& ' )ŋ Đ Ä-# ŋ*),ŋ/( ŋ-)(,#- đĄŋ ŋ )(.#(/ # (ŋ'6-ŋ ,.#-. -ŋ3ŋ "# )-ŋ+/ ŋ -./0# ,)(ŋ*, - (. -ŋ *)3 ( )ŋ &ŋ 0 (.)Ąŋŋŋ

+ũ 13(23 ũ #1%(.ũ !.3.ũ-.2ũ1#% + ũ4- ũ2.-1(2 ũ)4-3.ũ ũ 1~ ũ .+ũ .1#)¢-ēũũ ,(+#3'ũ .13(++ Ĕũ -3( %.ũ (,_-#9ũ8ũ +#) -"1.ũ 4;1#9ē

.' - ũ"#ũ+ ũ 149ũũ)4-3.ũ ũ #18ũ (5 "#-#(1 ēũ

(.- ũ 4 (ũ8ũ 1(23(- ũ 4 ! ũ-.ũ2#ũ/#1"(#1.-ũ"#+ũ!.-!(#13.ēũ


āĂ

ŏ āąŏ ŏ ŏĂĀāā ŏ +. ŏ ġ

(1#ũ242ũ$.3.2ũ#-Ė 666ē+ '.1 ē!.,ē#!

1(#+ ũ (" +%.ũ !.,/ ũ ũ +(9 #3'ũ +,#(" ēũ

23#$ -~ ũ 4#5 1 ũ8ũ 4+(- ũ ! ũ-.2ũ1#% + -ũ4- ũ2.-1(2 ēũ

338ũ .11#2ũ)4-3.ũ ũ -3( %.ũ !.23 ēũ

"(¢2ũ +ũ#231_2ũ

)-ŋ')' (.)-ŋ ŋ #0 ,-# (ŋ() ./,( ŋ&& ! (ŋ&)-ŋðŋ( -ŋ ŋ- Ě ' ( ąŋ (ŋ )'* v ŋ ŋ '#!)-ŋ3ŋ/(ŋ / (ŋ ' # (. Ąŋ (ŋ*) )ŋ ŋ,#.')ŋ() ./,()ŋ -ŋ( - ,#)ŋ* , ŋ)&0# ,- ŋ &ŋ -.,Z-ŋ ).# # ()ŋ ŋ& ŋ- ' ( Ąŋŋŋ

(!3.1( ũ 11#1 Ĕũ 1+ ũ +#2Ĕũ 1%.3ũ 4(2/#ũ8ũ #22(! ũ 1() +5 ēũũũ

- ũ1#$1#2! -3#ũ # ("

+ũ #04(+ ũ#2ũ4- ũ"#ũ+ 2ũ # (" 2ũ /1#$#1(" 2ũ/.1ũ+ ũ)45#-34"ũ04#ũ "(2$143 ũ"#ũ+ ũ-.!'#ũ (+ -".ũ +ũ 1(3,.ũ"#ũ+ 2ũ,#+."~ 2ũ31./(! +#2ēũ "# +ũ/ 1 ũ/.-#1+#ũ#+ũ3.04#ũ ũ#23.2ũ "(5#13(".2ũ,.,#-3.2ēũũũũũ

+#7 -"#1ũ ' 5 11# ũ)4-3.ũ ũ 5#+8-ũ .-%#ēũũ


ā

0%!),+ (! 01. āĆŏ)%*ċ

ŏāąŏ ŏ ŏ ŏĂĀāā ŏ +. ŏ

&#.)-ŋ#( ),'6.# )-ŋ ()ŋ* , (ŋŋ (ŋ &ŋ* v-ŋ ;d bei bj_cei jh[i W ei ^W #!.,#-" !(.-#2ũ [n_ij_Ze kd Yh[Y_c_[dje WbWh# "#ũ+ ũ ũ ũ+.2ũ -!.2ũ cWdj[ Z[ bei Z[b_jei _d\ehc|# #%41(" "ũ#-ũ %#-!( 2ũ8ũ! )#1.2 j_Yei$ ;d (&&/ i[ Z[dkdY_W# hed [d bW <_iYWb W ',. YWiei Z[ \hWkZ[ _d\ehc|j_Ye o [d (&'& ŗũũ 8.1ũ(+4,(- !(¢-ũ#-ũ! )#1.2ē i[ bb[] W '$&//$ ;d be gk[ lW Z[ ũ ;, 1 2ũ"#ũ5("#.ũ!.-#!3 " 2ũ#-ũ+~-# ũ (&'' bW Y_\hW WiY_[dZ[ W '$),, ŗ!.-ũ+ ũ .+(!~ ē Z[dkdY_Wi$ 7dj[ [ijW h[Wb_ZWZ" bW <_i# ŗũ + 1, ũ,.-(3.1# " ũ8ũ2(23#, ũ"#ũ YWb W o bW Ikf[h_dj[dZ[dY_W Z[ 1#2/4#23 ē 8WdYei o I[]khei I8I Z[Y_# ŗũ (1!4(3.ũ!#11 ".ũ"#ũ3#+#5(2(¢-ũ8ũ Z_[hed" W fh_dY_f_ei Z[ (&''" %1 !(¢-ũ"#ũ(,;%#-#2ũ#-ũ! )#1.2ũ 43.,;3(!.2ē YeehZ_dWh WYY_ed[i o Yed\eh# cWh kdW Yec_i_ d fWhW _dl[i# ŗũ 1.3#!3.1#2ũ"#ũ3#!+ ".ũ#-ũ! )#1.2ē j_]Wh [ijei ^[Y^ei$ I[] d Y|b# ũ ,/ 2ũ"#ũ! / !(3 !(¢-ũ ũ+.2ũ Ykbei eÒY_Wb[i" ^WXh W '$+&& ŗ424 1(.2ē f[hiedWi f[h`kZ_YWZWi feh kd ũ , (.ũ"#ũ!+ 5#2ũ"#ũ424 1(.2ũ".2ũ cedje Z[ Y[hYW Z[ ) c_bbed[i ŗ5#!#2ũ +ũ .ē Z[ Z bWh[i$ ũ ##,/+ 9.ũ"#ũ+.2ũ! )#1.2ũ!.-ũĈćũ .2ũ Kd ZeYkc[dje Z[ bW <_i# ŗ"#ũ42.ē YWb W ZW Yk[djW gk[ bW Ikf[h# _dj[dZ[dY_W Z[X[h| ehZ[dWh W bei XWdYei bW h[ij_jkY_ d i[Wd _dYbk_Zei [d [b dk[le 9 # jejWb Z[ bei cedjei gk[ Z_]e ?dj[]hWb F[dWb" Z_`e gk[ ^Wd i_Ze Z[\hWkZWZei W iki YkWdZe i[ fheZkY[ kd Z[b_je Yb_[dj[i$ ;d [i[ ZeYkc[dje _d\ehc|j_Ye" bWi l Yj_cWi ied i[ _di_ij[ [d bW d[Y[i_ZWZ bei Yb_[dj[i" f[he jWcX_ d [b Z[ gk[ bW [dj_ZWZ Z[ Yedjheb i_ij[cW ÒdWdY_[he o [b fW i$ Z[X[h| [ijkZ_Wh bW fei_X_b_# :[ ik fWhj[" [b fh[i_Z[dj[ ZWZ Z[ YedjhWjWh kdW f b_pW Z[ bW 7ieY_WY_ d Z[ 8WdYei Z[ \_Z[b_ZWZ XWdYWh_W" gk[ Fh_lWZei Z[b ;YkWZeh" 9 iWh _dYbkoW [if[Y \_YWc[dj[ W bW HeXWb_de" [nfh[i gk[ [ij|d jhWXW`WdZe fWhW ZWh YeX[hjkhW Z[dec_dW# c|i i[]kh_ZWZ W iki ZW Z[b_je _d\ehc|j_Ye Yb_[dj[i o gk[ [d bW o Y_X[hYh_c[d" gk[ 2#ũ' 1~ ũ"#54#+ı Xh_dZ[ WcfWhe YedjhW 3.ũ"#ũ+.2ũ/1(,#ı c[Z_ZW Z[ iki YWfWY_# \hWkZ[i XW`e YedZ_# 1.2ũ1#!+ ,.2ē ZWZ[i" i[]k_h|d YebW# Y_ed[i fWYjWZWi [djh[ XehWdZe Yed bei eh]W# Yb_[dj[i o 8WdYe$ d_icei Z[ Yedjheb$ ;b ikf[h_dj[dZ[dj[ Z[ 8Wd# JWcX_ d i[ fhefed[ h[Wb_# pWh kd Wd|b_i_i Z[ bWi Yb|kik# Yei" F[Zhe Ieb_d[i" ieij_[d[ bWi YedjhWYjkWb[i gk[ i[ [d# gk[ [b cWd[`e Z[ kdW Yk[djW [i Yk[djhWd Yedi_]dWZWi [d bei Z[ h[ifediWX_b_ZWZ YecfWhj_# YedjhWjei XWdYWh_ei gk[ ied ZW [djh[ bWi _dij_jkY_ed[i o bei Æb[i_lWiÇ W bei Z[h[Y^ei Z[ bei kikWh_ei ÆDe fk[Z[ i[h gk[ kikWh_ei$ kdW f[hiedW" feh i o Wdj[ i ;b \_iYWb =Wbe 9^_h_Xe]W" iebWc[dj[ Z_]W W c c[ ikijhW# Wb WdkdY_Wh [b XehhWZeh Z[ bW `[hed kdW YWdj_ZWZ Z[ Z_d[he fhefk[ijW Z[ j_f_\_YWY_ d Z[ o Yed [ie j[d]W gk[ Z[lebl[hb[ Z[b_jei _d\ehc|j_Yei" fWhW gk[ iki h[YkhieiÇ$

ĒĎŘ

} ēũ +ũ/ ~2ũ!4#-3 ũ!.-ũĊđēĐĎĎũ4-($.1, ".2ũ"#23(- ".2ũ ũ/1#5#-(1ũ#+ũ"#+(3.ē

/ ),ŋ.# ( ŋ/(ŋ Zð #.ŋ ŋûĄāăāŋ*)&# v ũ ũ1#!.,(#-" ũĉĔđũ%#-" 1,#2ũ /.1ũ! " ũĈēćććũ' (3 -3#2ēũ 8ũ/1.ı 5(-!( 2ũ!.-ũ,;2ũ41%#-!( 2ũ

;d ;YkWZeh ^Wo ).$-++ feb_Y Wi" c_d_ij[h_ei o [dj_ZWZ[i fkXb_# f[he de ied bei ikÒY_[dj[i$ I_d YWiÇ" _dZ_Y $ ;b fheo[Yje Z[ B[o [cXWh]e" jecWdZe Yece h[\[# Z[b 9 Z_]e Eh]|d_Ye Z[ ;dj_# h[dY_W bWi Z_h[Yjh_Y[i _dj[hdWY_e# ZWZ[i Z[ I[]kh_ZWZ 9_kZWZWdW dWb[i" jWcfeYe Z[ d[Y[i_jWh Wd gk[ fh[i[dj [b =eX_[hde [d bW bei )&$&&& kd_\ehcWZei c|i 7iWcXb[W fbWdj[W h[j_hWh W bei gk[ ^W fhec[j_Ze [b c_d_ijhe Z[b feb_Y Wi Z[ [iWi \kdY_ed[i$ ?dj[h_eh" @ei I[hhWde$ I[] d bei fWh|c[jhei Z[ bW Eh]Wd_pWY_ d 1.5(-!( 2ũ!.-ũ"_ă!(3ũũũ Z[ bWi DWY_ed[i Kd_ZWi EDK " I_ X_[d W d_l[b dWY_edWb [b Z Ò# ^WXh W kd Z ÒY_j Z[ '$-/- ][d# Y_j Z[ kd_\ehcWZei WiY_[dZ[ W '$-/-" Wb Wfb_YWh bW \ hck# ZWhc[i$ BW EDK [ijWXb[Y[ gk[ bW gk[ [ijWXb[Y[ bW EDK i[ [l_Z[dY_W gk[ [n_ij[d feh YWZW '$&&& ^WX_jWdj[i i[ h[gk_[h[ (". feb_Y Wi$ 2#ũ1#04#1(1~ -ũ fhel_dY_Wi [d ZedZ[ [ijW / 1 ũ+.2ũ 7i " ;YkWZeh" YkoW feXbW# Y_\hW [i ikf[hWZW Z[X_Ze ĈČĦČđĊēćććũ Y_ d WiY_[dZ[ W '*É*.)$&&& ' (3 -3#2ũ04#ũ W bW cWbW Z_ijh_XkY_ d Z[ f[hiedWi i[] d [b bj_ce 3(#-#ũ !4 ".1ē bei W][dj[i l[h h[YkW# Y[die Z[ (&'&" h[gk[h_h W Zhe $ *&$+(( ][dZWhc[i$ ;b =eX_[hde FWhW 9WcWY^e" bWi fhel_d# i[ fbWdj[W j[d[h ,/$&&& [d YkW# Y_Wi ZedZ[ c|i ^WY[d \WbjW fe# jhe W ei$ b_Y Wi ied =kWoWi" ;ic[hWbZWi" FWhW [b [nf[hje [d I[]kh_ZWZ F_Y^_dY^W" CWdWX " 7pkWo" ;b H_YWhZe 9WcWY^e" [b Z ÒY_j [d bW Ehe" Bei H ei" IWdje :ec_d]e _dij_jkY_ d feb_Y_Wb i[ Z[X[ W gk[ Z[ bei Ji|Y^_bWi" gk[ ied Yed# ckY^ei [d l[p Z[ [ijWh [d\eYW# i_Z[hWZWi ÆYecfb_YWZWiÇ Yed Zei [d ik c_i_ d \kdZWc[djWb h[bWY_ d Wb Z[b_je$ Z[ fh[l[d_h [b Z[b_je [ _dl[ij_]Wh# Fh[Y_iWc[dj[" feh [ie [d be Y_[dj ÒYWc[dj[" Z[iWhhebbWd cWoe fWiWZe" [d bWi YkWjhe WYj_l_ZWZ[i [d ejhei |cX_jei$ fh_c[hWi" [b C_d_ij[h_e Z[b ?d# Æ;n_ij[ bW feb_Y W Z[ jkh_ice" j[h_eh" fh[i_Z_Ze feh @ei I[# [d[h] j_YW" Z[ c[Z_e WcX_[dj[" hhWde" Z_ifkie bW iWb_ZW Z[ bei Z[ c_]hWY_ d" Z[ l_]_bWdY_W Z[ ]hkfei Z[ [b_j[ Z[ bW Feb_Y W$

ČćēĎĉĉ

($1 2ũ"#ũ+ ũ-#!#2(" " .+(!~ 2ũ#-ũ +%4- 2ũ/1.5(-!( 2ũ

ũ

ũ

ŗũ _ă!(3ĖũĉēĒďćũ/.+(!~ 2 ŗũ . + !(¢-ĖũĊĦďČĎēćććũ ŗũ #ũ1#04(#1#-ĖũĈćēĉćďũ ŗũ (#-#ũ !34 +,#-3#ĖũĐēĉČďũ ŗũ _ă!(3ĖũďĐũ/.+(!~ 2 ŗũ . + !(¢-ĖũĎĊČēćććũ ŗũ #ũ1#04(#1#-ĖũĈēČĒĎũ ŗũ (#-#ũ !34 +,#-3#ĖũĈēČĉđ ũ

}

ũ

ũ

ũ

ũ

ũ

ũ }

ũ

ēũ

ŗũ _ă!(3ĖũĈēďĈĐũ/.+(!~ 2ũ ŗũ . + !(¢-ĖũĈĦĊďĒēćććũ ŗũ #ũ1#04(#1#-ĖũĊēđĊĊũ ŗũ (#-#ũ !34 +,#-3#ĖũĉēĉĈď ŗũ _ă!(3ĖũĐĉĐũ/.+(!~ 2 ŗũ . + !(¢-ĖũĐĈĉēĈĉĐũ ŗũ #ũ1#04(#1#-ĖũĈēĒĒĊ ŗũ (#-#ũ !34 +,#-3#ĖũĈēĉďď ŗũ _ă!(3ĖũČČđũ/.+(!~ 2 ŗũ . + !(¢-ĖũďććēďĎĒũ ŗũ #ũ1#04(#1#-ĖũĈēďđćũ ŗũ (#-#ũ !34 +,#-3#ĖũĈēĉĊĉũ ŗũ _ă!(3Ėũďććũ/.+(!~ 2 ŗũ . + !(¢-ĖũĐĐđēĈĈĎ ŗũ #ũ1#04(#1#-ĖũĉēĈĐđũ ŗũ (#-#ũ !34 +,#-3#ĖũĈēĎĐđ

ũ ũ ũ ē

ŗũ _ă!(3ĖũĉĊũ/.+(!~ 2ũ ŗũ . + !(¢-ĖũĊďđēćĈĊũ ŗũ #ũ1#04(#1#-ĖũĈēćĊć ŗũ (#-#ũ !34 +,#-3#ĖũĈēććĐũ

, - -ŋ*),ŋ*, . ( ,ŋ#(!, - ,ŋ ,)! -ŋ ŋ* ( & ũ BW Feb_Y W Z[ bW F[#

ēũ +(#-3#2ũ"#ũ4-ũ -!.ũ1# +(9 -ũ1#3(1.2ũ#-ũ4-ũ! )#1.ũ"#ũ 4(3.ē

d_j[dY_Wh W Z[b B_jehWb Z[jkle W YkWjhe ck`[h[i gk[ fh[j[dZ_[# hed _d]h[iWh Zhe]Wi Wb fWX[bb d Z[ lWhed[i$ I[] d h[fehj[i Z[b 9[d# jhe Z[ 7j[dY_ d Z[ 7kn_b_ei o ;c[h][dY_Wi" Wfhen_cWZW#

c[dj[ W bWi '(0*+" [d bW bW ^ehW Z[ l_i_jWi" f[hiedWb feb_Y_Wb i[ f[hYWjW gk[ YkWjhe ck`[h[i" Wb _d]h[iWh Wb fh_c[h \_bjhe" i[ fki_[hed d[hl_eiWi$ <k[hed jhWibWZWZWi W bW fh[l[dY_ d fWhW h[Wb_pWhb[i kd h[]_ijhe Z[ bWi f[hj[d[dY_Wi$ I[ [dYedjh

[d feZ[h Z[ bW Y_kZWZWdW =[# hWbZ_d[ I[]WhhW Bb_o_cfW W" [d [ijWZe Z[ ][ijWY_ d" WfW# h[dj[c[dj[ fWijW Z[ YeYW dW Yed kd f[ie Z[ +& ]hWcei o [d LWd[iW 9kdWbWjW 8ehXeh" kdW ikijWdY_W gk[ feZh W jhW# jWhi[ Z[ cWh_^kWdW$


Ă

ŏ āąŏ ŏ ŏ ŏĂĀāāŏ ŏ +. Čŏ

23#ũ,(_1!.+#2ũ++#ı % ũ#+ũ1#%#-#1 ".1ēũ 1;ũ04#ũ,4+3(ı /+(! 1ũ+ ũ(,/.13 ı !(¢-ũ"#ũ"#1(5 ".2ēũ BW h[Òd[h W Z[ ;ic[hWbZWi i[ [dYk[djhW [d h[^WX_b_jWY_ d Z[i# Z[ (&&.$ >WijW W^ehW de i[ bW ^W fWhWb_pWZe Z[ cWd[hW gk[ W\[Yj[ bW fheZkYY_ d Z[ YecXkij_Xb[i" f[he ^W bb[]WZe [b cec[dje$ I[ Z[X[d h[Wb_pWh bWi _dj[hYed[n_e# d[i feh be gk[ i[ fh[l d jh[i fW# hei _cfehjWdj[i gk[ [cf_[pWd [ij[ W e$ ;b fh_c[he _d_Y_W W ÒdWb[i Z[ [ij[ c[i$ I[ [ij_cW gk[ bW _cfeh# jWY_ d Z[ =Wi B_YkWZe Z[ F[jh b[e =BF Yh[pYW [d *+& XWhh_b[i Z_W# h_ei$ ;b fWhe Z[ del_[cXh[ _d_Y_W [b (' o ZkhWh| ^WijW [b (& Z[ Z_Y_[c# Xh[$ CWhY[be HeXWb_de" ][h[dj[ Z[ h[ÒdWY_ d Z[ F[jhe[YkWZeh" [nfb_# Y gk[ i[ h[Wb_pWh|d Zei WYj_l_ZW# Z[i0 kX_YWY_ d Z[ bW cWgk_dWh_W f[iWZW gk[ i[ d[Y[i_jWh| fWhW [b cedjW`[ Z[b h[WYjeh o h[][d[hWZeh1 o bWi _dj[hYed[n_ed[i fWhW bW _dijW# bWY_ d Z[ bW dk[lW j[W$ ;d [ij[ bWfie i[ W\[YjWh| bW fheZkYY_ d Z[ =BF" fh_dY_fWb# c[dj[" o ]Wieb_dW Z[ Wbje eYjWde$ ;d [b fh_c[h YWie i[ Z[`Wh| Z[ fheZkY_h *+& jed[bWZWi Z_Wh_Wi" gk[ h[fh[i[djW Wbh[Z[Zeh Z[b ,, Z[ bW fheZkYY_ d dWY_edWb Z[ [ij[ fheZkYje$ BW h[\_d[h W Z[ I^ki^k\_dZ_ fheZkY[ [d fhec[Z_e ((& jed[bW# ZWi Z_Wh_Wi o BW B_X[hjWZ [djh[ - o . jed[bWZWi$ BW Z[cWdZW dWY_e# dWb" [d YWcX_e" iebe fWhW Yedikce Zec ij_Ye [i Z[ ($+-+ jed[bWZWi Z_Wh_Wi" f[he [d jejWb WiY_[dZ[ W Wfhen_cWZWc[dj[ )$&&& jed[bW# ZWi$ ;i Z[Y_h" bW d[Y[i_ZWZ Z[ _c# fehjWY_ d [i Z[ Wbh[Z[Zeh Z[ ($)(( jed[bWZWi Z_Wh_Wi$ BWi *+& jed[bWZWi Z_Wh_Wi Z[ =BF gk[ i[ Z[`Wh|d Z[ fheZkY_h i_]d_ÒYWh|d kd _dYh[c[dje Z[ Wbh[Z[Zeh Z[ *+&$&&& Z bWh[i$ ;ije i[ [ij_cW [d XWi[ W gk[ YWZW jed[bWZW Yk[ijW [d fhec[Z_e '$&&& Z bWh[i$

ŋ ð( ,v ŋ#(# # ŋ-/ŋ * , &#4 # (ŋ (ŋ-# . ŋ v -ŋ

ēũ 23#ũ#2ũ#+ũ1# !3.1ũ"#ũ+ ũ #ă-#1~ ēũ #1;ũ(-23 + ".ũ#-ũ5#1 -.ũ"#+ũ/1¢7(,.ũ .ēũ

FWhW Bk_i 9Wb[he" WdWb_ijW Zeh [ij| [d YWc_de W ;YkWZeh f[jheb[he" [b iWYh_ÒY_e ÒiYWb [i Z[iZ[ >ekijed$ FWhj_ [b (. Z[ d[Y[iWh_e ÆWdj[i Z[ gk[ YebWfi[ eYjkXh[ o i[ fh[l ik Whh_Xe fWhW bW h[Òd[h W" W bW feijh[ [i kdW [b c_ hYeb[i$ _dl[hi_ d _dZ_if[diWXb[Ç" FWhW [b _d]h[ie Z[ [ijW i[ Wb $ BW fbWdjW [i bW ũ cWgk_dWh_W" gk[ f[iW fh_dY_fWb fheZkYjehW Z[ ,&& jed[bWZWi" i[ Wb_ijW YecXkij_Xb[i Z[b fW i$ 9ed jeZe kd ef[hWj_le gk[ lW ũ"(231( 4!(¢-ũ bW _dj[hl[dY_ d jejWb i[ [i# "#ũ ũ/ 1 ũ42.ũ Z[iZ[ bW _dijWbWY_ d Z[ kd j_cW gk[ bW YWfWY_ZWZ Z[ ".,_23(!.ũ#23 ı fk[hje Yed kdW _d\hW[i# fheY[iWc_[dje Z[ YhkZe 1;ũ% 1 -3(9 " Ĕũ jhkYjkhW [if[Y_Wb [d j_[hhW 2#%Ì-ũ ikXW Z[ '.$&&& XWhh_b[i #31.#!4 ".1ēũ Òhc[ [d bW Fhef_Y_W ;i# Z W W (&$&&& XWhh_b[i$ ;d c[hWbZWi ^WijW i[ h[ce# YkWdje W fheZkYY_ d Z[ l[h|d YWXb[i gk[ [ijehX[d =BF" ikX_h W W ,&& jed[bWZWi [d [b jhWo[Yje ^WijW bW H[Òd[h W$ Z_Wh_Wi$ ;b fh_c[h fkdje i[ Z[X[ W gk[ [b fk[hje Z[ ;ic[hWbZWi iefehjW kd f[ie Z[ (&& jed[bWZWi" feh be 1 ũ"#+ũĉćĈĉ ;b \h[de Z[ ef[hWY_ed[i c|i gk[ i[ jecWh| [b h e ;ic[hWbZWi _cfehjWdj[" fWhW bW _dijWbWY_ d W]kWi Whh_XW ^WijW [b i_j_e Z[ Z[i# Z[b h[WYjeh o h[][d[hWZeh Z[ bW YWh]W" [d ZedZ[" W jhWl i Z[ kdW fbWdjW" i[ h[Wb_pWh| [djh[ W]eije fbWjW\ehcW gk[ iWbZh| Z[b fhef_e Z[ (&'( o c[Z_WZei Z[ \[Xh[he Xkgk[ i[ Z[ib_pWh| kd jh|_b[h Z[ Z[ (&')$ ÆI[h| kdW h[delWY_ d *. [`[i gk[ Z[iZ[ >ekijed h[# jejWb Z[ bW kd_ZWZ <99Ç" _dZ_Y cebYW Wb h[][d[hWZeh$ ;b h[WYjeh" HeXWb_de$ [d YWcX_e" bb[] W ;YkWZeh [db Bei fh[fWhWj_lei fWhW [ij[ (&'&$ fheY[ie" i_d [cXWh]e" oW [cf[# BW _dijWbWY_ d Z[ [ij[ [gk_fe" pWhed [d [ij[ W e$ ;b h[][d[hW# `kdje Yed [b h[WYjeh" W\[YjWh| bW

fheZkYY_ d Z[ =BF o ]Wieb_dW$ I[ fWhWb_pWh| bW kd_ZWZ <99 o bW kd_ZWZ Z[ YhkZe '" [i Z[Y_h" bW c_jWZ bW h[Òd[h W$ ;d [d[he Z[ (&')" [d YWcX_e" i[ fWhWh| jeZW bW h[Òd[h W feh )& Z Wi fWhW h[Wb_pWh jeZWi bWi _dj[hYed[n_ed[i$ Bk[]e" W fWhj_h Z[ cWhpe" i[ fWhWb_pWh| bW ejhW c_jWZ Z[ bW H[Òd[h W (&'+$ ,/+(! !(.-#2ũ#!.-¢,(! 2

HeXWb_de _dZ_Y gk[ bei fWhei fhe]hWcWZei Z[ (&'( i_]d_Ò# YWh|d gk[ bW h[Òd[h W Z[`Wh| Z[ fheZkY_h c|i Z[ (É'(&$&&& XW# hh_b[i Z[ ]Wieb_dWi" /,*$&&& XW# hh_b[i Z[ Z_ i[b (" (-($&&& XWhh_# b[i Z[ Z_ i[b Fh[c_kc$ ;d (&')" [d YWcX_e" (É*..$&&& XWhh_b[i Z[ ]Wieb_dW" (É(&*$&&& XWhh_b[i Z[ Z_ i[b ( o 'É(,&$&&& Z[ Z_ i[b fh[c_kc$ ;ije i_]d_ÒYWh| gk[ bW H[Ò# d[h W Z[`Wh| Z[ fheY[iWh ++$&&& XWhh_b[i Z_Wh_ei Z[ YhkZe" gk[ i[# h|d [nfehjWZei fWhW Yecf[diWh [d fWhj[ bWi _cfehjWY_ed[i$ 7i " i[] d bei Y|bYkbei Z[ F[jhe[YkW#

-!1#,#-3.ũ "#ũ(,/.13 !(.-#2Ė .23.2Ė

ĉćĈĉĖũĐĈĉũ,(++.-#2ũ"#ũ"¢+ 1#2ũ /1.7(ı , " ,#-3#ũĸ "(!(.- +ũ ũ+ 2ũ(,/.13 ı !(.-#2ũ' (34 +#2Ĺē ďĎđũ,(++.-#2ũ"#ũ"¢+ 1#2ũ2#ũ/ % 1;-ũ !.-ũ+ 2ũ#7/.13 !(.-#2ũ"#ũ!14".ũ04#ũ2#ũ "#) 1;-ũ"#ũ/1.!#2 1ē ĉćĈĊĖũĈēĎĈđũ,(++.-#2ũ"#ũ"¢+ 1#2ũĸ "(ı !(.- +ũ ũ+ 2ũ(,/.13 !(.-#2ũ' (34 +#2Ĺ ũ ĈēĊČďũ,(++.-#2ũ"#ũ"¢+ 1#2ũ2#ũ/ % 1;-ũ !.-ũ+ 2ũ#7/.13 !(.-#2ũ"#ũ!14".ũ04#ũ2#ũ "#) 1;-ũ"#ũ/1.!#2 1ē

Zeh" [d (&'( bei Yeijei feh fW# hei WiY[dZ[h|d W +) c_bbed[i Z[ Z bWh[i i[ fh[l _cfehjWh -'( c_bbed[i Z[ Z bWh[i WZ_Y_edWb[i" Z[ bei YkWb[i ,+. c_bbed[i i[h|d fW]WZei feh bWi [nfehjWY_ed[i $ FWhW (&')" [d YWcX_e" i[h|d '-' c_bbed[i Z[ Z bWh[i i[ [ij_cW _cfehjWh '$+'. c_bbed[i Z[ Z bW# h[i gk[ i[h|d fW]WZei feh '$)*, c_bbed[i Z[ Z bWh[i gk[ i[ fh[l i[ [nfehj[d $

Z # )-ŋ. ' (ŋ+/ ŋ / ()-ŋ / , (ŋ ŋ&)-ŋ -* # )-ŋ ũěũBei c Z_Yei Z[ =kW#

;b 9eb[]_e C Z_Ye Fhel_dY_Wb Z[b oWi ieif[Y^Wd gk[ iki fbWpWi =kWoWi Yedi_Z[hW gk[ bW c[Z_ZW Z[ jhWXW`e [d [b i[Yjeh f Xb_Ye gk[ Wikc_h| [b =eX_[hde" Æ[i \|Y_b i[h|d eYkfWZWi feh ]Wb[# Z[ Z[iY_\hWh" fk[i Z[iZ[ ^WY[ Y_dYe W ei i[ ehZ[d bW iki# dei Z[ 9kXW$ BWi ZkZWi bWi fheleY [b WdkdY_e f[di_ d Z[ bei feij]hWZei [d ^ ũ bW Kd_l[hi_ZWZ Z[ =kWoWgk_b Z[b =eX_[hde" W jhWl i Z[b $4#1.-ũ"#2/#"(ı c_d_ijhe Z[ IWbkZ" :Wl_Z ".2ũ#-ũ 4 8 2Ĕũ o feh [dZ[ i[ \h[d bW \ehcW# 9^_h_Xe]W" Z[ YedjhWjWh 2#%Ì-ũ#+ũ%1#,(.ũ Y_ d Z[ dk[lei [if[Y_Wb_i# % +#-.ēũ c Z_Yei Z[b [njhWd`[hei" jWi" i_[dZe [ijW bW hWp d gk[ fWhW bb[dWh bWi lWYWdj[i `kij_\_YW ik Z[Y_i_ d" f[he [d Z[`WZWi feh bei gk[ \k[hed eXb_# Z[ic[Zhe Z[ bei fhe\[i_edWb[i Z[ bW ]WZei W h[dkdY_Wh [d bei ^eif_# iWbkZ Z[ [ij[ fW iÇ$ Bk_i I[hhWde" l_Y[fh[i_Z[dj[ jWb[i =kWoWgk_b o Z[b d_ e <hWd# Z[b ]h[c_e" Wi[]kh gk[ Æ[ijW [i Y_iYe OYWpW 8kijWcWdj[$

ĊĎćũ

ēũ ũ2 +(" ũ"#ũ+.2ũ#2/#!( +(23 ũ' ũ%#-#1 ".ũ/1. +#, 2ũ#-ũ+ ũ 3#-!(¢-ũ "#ũ+.2ũ/ !(#-3#2ēũ

kdW [nYkiW f[h\[YjW fWhW jhW[h W bei c Z_Yei$ ;ijWcei YWi_ i[]khei gk[ bei YkXWdei YeXhWh|d c[dei Z[ bW c_jWZ Z[ be gk[ YeXhWd bei [i# f[Y_Wb_ijWi [YkWjeh_WdeiÇ" Z_`e$ 9kXW oW ^W [nfehjWZe Wbh[Z[# Zeh Z[ )+$&&& c Z_Yei W -' fW # i[i" be YkWb b[ ^W i_]d_ÒYWZe W bW _ibW eXj[d[h h[djWi feh [dY_cW Z[ bei ($&&& c_bbed[i Z[ Z bWh[i$ C_[djhWi jWdje" 9^_h_Xe]W Wi[]kh gk[ oW i[ [ij| h[\ehcWd# Ze [b h[]bWc[dje fWhW WXh_h bW fei_X_b_ZWZ Z[ YedjhWjWY_ed[i Z[ c Z_Yei [njhWd`[hei$


ũ!_"4+ ũ -3(%4 ũ#2ũ5;+(" ũ

(. ŋ#(+/# ./ -ŋ ŋ/-/ ,#)-ŋ (ŋ& -ŋ ! ( # -ŋ*,)0#( # & -ŋ ŋ !#-.,)ŋ #0#&ąŋ, & .#0 -ŋ ŋ+/ ŋ& ŋ Z /& ŋ (.#!/ ŋĢ ŋ )( )ŋ & ( )ŋ3ŋ / # ,. ŋ )(ŋ'# ģŋ* , ,v ŋ0#! ( # ŋ (ŋüúûüąŋ& ŋ #, # (ŋ ( , &ŋ ŋ& ŋ#(-.#./ # (ŋ -'#(.# ŋĐ - ŋ,/'),ŋ*),ŋ- ,ŋ -)&/. ' (. ŋ &-)đąŋ */(. ŋ ŋ ., 0Z-ŋ ŋ/(ŋ )'/(# )Ą ŋ0 &# 4ŋ ŋ -. ŋ ) /' (.)ŋ -.6ŋ, !#-., ŋ (ŋ& ŋ'#-' ŋ Z /& ŋ3ŋ &ŋ*,)*#)ŋ/-/ ,#)ŋ& ŋ )() ąŋ !, ! ŋ &ŋ )& .v(ĄŋÃ(# ' (. ŋ* , ,6ŋ 0 &),ŋ3ŋ ,6ŋ, ()0 ,- ŋ-#ŋ &ŋ ) /' (.)ŋ -.6ŋ . ,#), )ąŋ / )ąŋ )(ŋ#( ),' # (ŋ - ./ &#4 Ąŋ '*) )ŋ -ŋ # ,.)ŋ+/ ŋ (ŋ -)ŋ ŋ ()ŋ, ()0 ,- ŋ& ŋ Z /& ąŋ" ,6ŋ'/&. -Ą

ŏ āąŏ ŏ ŏ ŏĂĀāāŏ ŏ +. Čŏ

ă

) (. -ŋ 2#! (ŋ'6-ŋ -)ŋ ŋ * #. # (ŋ

ēũ .2ũ-( .2ũ+ .1 -ũ5#-"(#-".ũ$143 2Ĕũ! 1 ,#+.2ũ.ũĄ.1#2ũ#-ũ+ 2ũũ! ++#2ē

)3ŋ" 3ŋ' ()-ŋ(# )-ŋ ., $ ( )ŋ (ŋ &ŋ* v-ŋ

I[] d ZWjei Z[b C_d_ij[h_e Z[ [b Whj Ykbe ''- i[ [ij_fkbW gk[ ;ZkYWY_ d" [d be gk[ lW Z[b bei Ykhiei i[ Z[X[h Wd Z_YjWh W e" [b fhe]hWcW Z[ YWfWY_jW# Z[djhe Z[ bWi eY^ei ^ehWi Z_W# Y_ d W jhWl i Z[b I_ij[cW ?dj[# h_Wi gk[ bWXehWceiÇ$ PWcehW [nfh[i WZ[c|i ]hWb Z[ :[iWhhebbe Fhe\[i_edWb :eY[dj[ I Fhe\[ ^W bb[]WZe gk[ bei fhe\[ieh[i ied gk_[d[i W c|i '(&$&&& cW[ijhei" i_d Z[X[d _dl[hj_h [d ik YWfWY_jW# [cXWh]e" [ije i[] d lWh_ei Ze# Y_ d o gk[ bWi cW[ijh Wi gk[ ied ÒdWdY_WZWi feh YWZW Ze# Y[dj[i [i _dikÒY_[dj[$ C[ho PWcehW" [nfh[i_Z[d# Y[dj[ _cf_Z[ bW fWhj_Y_fWY_ d [d bei Ykhiei Z[ I Fhe\[" jW Z[ bW Kd_ d DWY_edWb Z[ ;ZkYWZeh[i KD; " ũ fehgk[ jWcX_ d ied bei Òd[i Z[ i[cWdW$ Wi[]kh gk[ bei Ykfei ied [iYWiei o gk[ fWhW 1#ũ 1~3(! 2ũ WYY[Z[h W kde Z[ [ijei 23 ũ"(!(#, "#ũ#23#ũ .Ĕũ#+ũ jWbb[h[i ^Wo gk[ [if[# (-(23#1(.ũ! / ı I Fhe\[ ^W YWfWY_jWZe W hWh c[i[i fehgk[ de !(3 1;ũ ũĈďćēćććũ '(($&+. fhe\[ieh[i [d '* ".!#-3#2ēũ jeZei [ij|d Z_ifed_Xb[i Ykhiei W d_l[b dWY_edWb$ o de [n_ij[ i[Yk[dY_Wb_# IWhW 9k[ijW" ZeY[dj[ ZWZ$ ÆBW YWfWY_jWY_ d [i kdW Z[ ;ZkYWY_ d =[d[hWb 8|i_YW c[dj_hW c|i Z[b =eX_[hde o ;=8 " Wi[]kh gk[ bei Ykh# Z[ bW H[lebkY_ d 9_kZWZWdW" iei iebe i[ ZWd fWhW kd ]hkfe$ fehgk[ bei Ykhiei de i[ ZWd W ÆJ_[d[d fh_eh_ZWZ bei gk[ ied jeZei bei cW[ijhei$ 7Z[c|i" Wbb[]WZei Wb =eX_[hde" WZ[c|i" i[ _hh[if[jW bW B[o Z[ ;Zk# iebe fk[Z[i \ehcWh fWhj[ Z[ YWY_ d ?dj[hYkbjkhWb BE;? " [bbei i_ kd fehY[djW`[ Z[ ZeY[d# fehgk[ bW YWfWY_jWY_ d i[ ZW j[i Z[ bW _dij_jkY_ d i[ _diYh_# bei i|XWZei o Zec_d]ei" o [d X[dÇ" i[ Wb $

-ũĉććďĔũ#-ũ !4 ".1ũ+ .1 -ũ#+ũĈĐŘũ "#ũ,#-.1#2Ĕũ '.1 ũ+.ũ' !#-ũ#+ũĐŘēũ "ı 5(#13#-ũ04#ũ Ì-ũ' 8ũ,4!'.ũ/.1ũ' !#1ēũ

Wb cec[dje gk[ [b d Yb[e Z[ bW ieY_[ZWZ jWcXWb[W" bei fhe# Xb[cWi i[ lk[bl[d W]kZei$ Feh [`[cfbe" [d ^e]Wh[i gk_dj_b kde o Zei ZedZ[ bW cWZh[ [i bW `[\W Z[ ^e]Wh" Yedi_Z[hWd gk[ ;d ik [ifWbZW YWh]W W kdW f[gk[# ;b Z_h[Yjeh DWY_edWb Z[ Fhe# [i kdW eXb_]WY_ d gk[ iki ^_`ei" W Z[ Zei W ei$ De j_[d[ fk[ije j[YY_ d Z[ :[h[Y^ei Z[b C?;I# i_d _cfehjWh bW [ZWZ" jhWXW`[dÇ" Ò`e fWhW l[dZ[h ]ebei_dWi" f[he ?D<7" =kijWle =k[hhW" Wi[]k# i[ Wb $ Z_Y[ gk[ W Z_Wh_e Z[WcXkbW feh h gk[ W f[iWh Z[ gk[ [b jhWXW`e BkY W be YehheXehW$ ;bbW [c# [b i[Yjeh Z[ BW CWh_iYWb" Wb dehj[ _d\Wdj_b i[ h[Zk`e [d bei bj_cei f[p W bWXehWh Z[iZ[ gk[ j[d W Z[ Gk_je" e\h[Y_[dZe Y^_Yb[i" YW# W ei [d (&&, bWXehWXWd Y[h# i_[j[ W ei$ Æ;d bWi cW WdWi jhW# hWc[bei o Y_]Whh_bbei$ YW Z[ ,,&$&&& " W d ^Wo d_ ei XW`WXW Yed c_ cWc| WokZ|dZeb[ BkY W D$ bb[lW kd WdWYe Wpkb" o WZeb[iY[dj[i gk[ i[ ]WdWd bW W f[bWh Y[XebbW o [d bW jWhZ[ c[ kd iWYe ]h_i o kdei pWfWjei d[# l_ZW jhWXW`WdZe$ _XW W [ijkZ_Wh" f[he Yece jkle ejhe ^_`e oW c[ jeY ]hei ]WijWZei$ Ik YWX[bbe [ij| h[# ũ Yk_ZWhb[ o c[ iWY Z[ bW Ye]_Ze Yed kdW jh[dpW o ik`[jWZe 5 -!#2 [iYk[bWÇ" i[ Wb $ Yed kdW \kdZW fb|ij_YW" c_[djhWi BW c_d_ijhW Z[ ?dYbki_ d I_d [cXWh]e" FedY[ Wb]kdei YWX[bbei b[ YW[d ieXh[ [b ;Yed c_YW o IeY_Wb" N_# -ũĐđũ! -3.-#2ũ "#+ũ/ ~2ũũ-( .2ũ8ũ Wh]kc[dj gk[ [b jhWXW`e" heijhe$ BW d_ W Z[ '' W ei iebe [i# c[dW FedY[" Z[ijWY ".+#2!#-3#2ũ ) -ũ#-ũ [d c[deh[i Z[ + W '- W ei jkZ_ ^WijW YkWhje W e Z[ ;Zk# gk[ kd ]hWd WlWdY[ [d [b 31 241 +#2ēũ W d_l[b dWY_edWb" ^W Z_ic_# YWY_ d =[d[hWb 8|i_YW ;=8 j[cW Z[ jhWXW`e _d\Wdj_b" f[he W f[iWh Z[ [bbe j_[d[ kdW [i bW [hhWZ_YWY_ d Z[ [ijW dk_Ze [d '& fkdjei [djh[ W]_b_ZWZ c[djWb fWhW bei d c[# h[Wb_ZWZ [d bei XWikhWb[i$ >WijW (&&,#(&'&$ Æ;ije ^W i_Ze W d hei$ Æ7fh[dZ W ikcWh o h[ijWh cWoe Z[ [ij[ W e" ($',& d_ ei c|i i_]d_ÒYWj_le [d bWi pedWi hWf_Z_je fWhW gk[ bei Yb_[dj[i de Z[`Whed Z[ bWXehWh [d bei XejW# hkhWb[i" ZedZ[ bW Z_ic_dkY_ d [i c[ ÈY^kc[dÉ Yed bWi Yk[djWiÇ" Z[hei" i_d [cXWh]e" bW ieY_ be]W Z[ c|i Z[ '+ fkdjei fehY[djkW# c[dY_ed $ 9h_ij_dW L_dk[pW" WÒhcW gk[ b[iÇ" Z_`e$ ;bbW \ehcW fWhj[ Z[ bei [ij[ Xk[d _dj[dje i[ WdkbWh W i_ )-*$&&& d_ ei gk[ i[] d [ijW# de [n_ij[ kdW feb j_YW _dj[]hWb #+(%1.2 Z ij_YWi Z[b ?dij_jkje DWY_edWb Z[ Wi_ij[dY_W \Wc_b_Wh" _di[hY_ d BW fi_Y be]W _d\Wdj_b 9WjWb_dW Z[ ;ijWZ ij_YWi o 9[diei ?D;9" [ZkYWj_lW" Wfeoe fi_Yeb ]_Ye HeZh ]k[p c[dY_ed gk[ bei fW# (&&/ W d ied l Yj_cWi Z[b jhW# o [Yed c_Ye$ ÆBW WokZW Z[X[ Zh[i de ied YediY_[dj[i Z[ bei Y[djhWhi[ [d bW \Wc_b_W" fehgk[" f[b_]hei W bei gk[ ied [nfk[i# XW`e _d\Wdj_b [d ;YkWZeh$ jei iki ^_`ei$ ÆIki Z[h[Y^ei ied lkbd[hWZei W [ZWZ[i j[cfhWdWi$ CkY^ei c[deh[i gk[ jhWXW`Wd ($1 2 [d bWi deY^[i ^Wd i_Ze WXkiW# 1 ).ũ(-$ -3(+ũũũ Zei i[nkWbc[dj[" ejhei i[ ^Wd Yedl[hj_Ze [d fh[iW \|Y_b Z[ bei .ũũ #!3.1ũ141 +ũ #!3.1ũ41 -.ũ ũ-(5#+ũ/ ~2 Yec[hY_Wdj[i Z[ Zhe]Wi o i[ ^Wd ĉććďũ ĊćēĊŘũ ĒŘũ ĈĐŘ jhWdi\ehcWZe [d Èc[Z_WZeh[iÉ ĉćĈćũ ĈĊŘũ ĊēĎŘũ ĐēĈŘ [djh[ [ijei o bei Yedikc_Zeh[iÇ" _dZ_Y $

ēũ -ũ, #231.ũ1(-"#ũ4- ũ"#ũ+ 2ũ/14# 2ũ#-ũ#+ũ/1.!#2.ũ"#ũ#5 +4 !(¢-ēũ 1!'(5.ēũũ

# *, -# ( # ŋ -&#( ŋ , -*)(- #&# -ŋ (ŋŋ &ŋ -)ŋ "/ "/ 7 jhWl i Z[ bW C_i_ d CWdk[# bW ;if[`e" bW L_Y[fh[i_Z[dY_W Z[ bW H[f Xb_YW [c_j_ kd fhe# dkdY_Wc_[dje eÒY_Wb ieXh[ bW ^k[b]W Z[ ^WcXh[ _d_Y_WZW [d CWY^WbW feh L Yjeh I|dY^[p$ ;ij[ Y_kZWZWde fhej[ijW feh kdW ikfk[ijW \WbjW Z[ Wj[d# Y_ d efehjkdW W ik cWZh[" CWh W =h[]eh_W 9^kY^kYW" gk[ fWZ[Y W Wbp^[_c[h o \Wbb[# Y_ [b (- Z[ i[fj_[cXh[$ =WXh_[bW 8WhW^edW" Z_# h[YjehW Z[ Wj[dY_ d W ]hk# fei fh_eh_jWh_ei" Z[ib_dZ h[ifediWX_b_ZWZ[i$ Ieijkle gk[ 9^kY^kYW" Wb de j[d[h

Z_W]d ij_Ye Z[ Z_iYWfWY_ZWZ" i_de Z[ WbpW^[_c[h" de Ykc# fb W Yed bei fWh|c[jhei fWhW WYY[Z[h Wb Xede Z[ Yk_ZWZe Z[ Z_iYWfWY_jWZei (*& Z bW# h[i c[dikWb[i $ BW \kdY_edWh_W jWcX_ d h[YehZ gk[ Z[iZ[ [b W e (&&'" 9^kY^kYW h[Y_X W Wj[dY_ d fi_gk_|jh_YW [d [b >eif_jWb J[ \_be :|l_bW" Z[ bW YWf_jWb Z[ ;b Ehe" o gk[ [d i[fj_[cXh[ Wdj[h_eh bW C_# i_ d [dYedjh Y[hhWZe ik Ze# c_Y_b_e YkWdZe b[ l_i_j fWhW lWbehWh bW [djh[]W Z[ WokZWi f Xb_YWi$


ą

ŏ āąŏ ŏ ŏ ŏĂĀāāŏ ŏ +. Čŏ

., .)-ŋ ŋ 2*, -# (. -ŋ ŋ )(!, -)ŋ ' ) ! )-ŋ

-ũ/ 2 ".ũ".2ũ Z[ bei fh[i_Z[dj[i ^WijW (&&)$ Bei .2ũ"#2"#ũ+ ũ bj_cei gk[ i[ YebeYWhed \k[hed Z[ 1#23 41 !(¢-ũ04#ũ <WX_|d 7bWhY d o >[_dp Ce[bb[h$ Bei YkWZhei eh_]_dWbc[dj[ [i# 1#!4/#1¢ũ+ 2ũ. 1 2ũ jWXWd [d [b IWb d Z[ Fh[i_Z[dj[i" kX_YWZe [d [b i[]kdZe f_ie gk[ 31 2ũ#+ũ(-!#-"(.ēũũ jWcX_ d \k[ WbYWdpWZe feh bWi bbW#

Kd jejWb Z[ '/ b[ei Yed bei h[# cWi$ 7^ WYjkWbc[dj[ \kdY_edW [b jhWjei Z[ [nfh[i_Z[dj[i Z[ bW Yec[Zeh fWhW bei '(* WiWcXb[ ijWi$ <kdY_ d B[]_ibWj_lW gk[ \k[hed ;b ÓW][be WZ[c|i W\[Yj [b Y[djhe Z[ Yef_WZe" IWb d Z[ Fh[i_Z[d# h[ijWkhWZei [d (&&/" jhWi [b _dY[dZ_e Z[b + Z[ cWhpe ũ j[i" iWbW Z[ fh[diW" XeZ[]Wi" Z[ (&&) [d [b [n 9ed]h[# Y[djhe _d\ehc|j_Ye" eÒY_dWi o ^Wbb Z[ _d]h[ie$ ie" W d de j_[d[d bk]Wh Z[ .2ũ¢+#.2ũ3(#-#-ũ ;Z_ied C_ e" h[ifediW# Z[ij_de$ #+ũ,(2,.ũ$.1, ı :ei W ei Z[ifk i Z[ 3.ēũ " ũ4-.ũ Xb[ Z[b |h[W Z[ FWhj_Y_fWY_ d gk[ [gk_fei Z[ [nf[hjei ,("#ũĈĔĎćũ"#ũ +3.ũ /.1ũ4-ũ,#31.ũ"#ũ 9_kZWZWdW Z[ bW 7iWcXb[W" Z[ bW <WYkbjWZ Z[ 7hj[i -!'. Z_`e gk[ bk[]e Z[b _dY[dZ_e" Z[ bW Kd_l[hi_ZWZ 9[djhWb Æ[b YedY[fje Z[b IWb d Z[ Z[b ;YkWZeh o Z[ bW <WYkbjWZ Z[ Fh[i_Z[dj[i jWcX_ d YWcX_ " W^e# H[ijWkhWY_ d o Cki[ebe] W Z[ bW hW [i kd h[ijWkhWdj[Ç" WÒhc $ BW Kd_l[hi_ZWZ J[Ydeb ]_YW ;gk_# _dj[dY_ d [i YebeYWh bei b[ei [d deYY_edWb YedYbko[hed Yed bW h[# kd cki[e gk[ i[ WZ[YkWh| [d kdW fWhWY_ d" bW eXhWi f[hcWd[Y[d YWiW Y[hYWdW Wb FWbWY_e B[]_ibWj_le [cXeZ[]WZWi [d [b i fj_ce f_ie [d bWi Wl[d_ZW , Z[ :_Y_[cXh[ " Z[ bW 7iWcXb[W$ :[ifk i Z[b ÓW][# f[he ^WijW W^ehW i[ jecW kdW Z[# be de i[ lebl_[hed W f_djWh h[jhWjei Y_i_ d Z[Òd_j_lW$

41(.2.ũ

Feh YWi_ *& W ei" [d [b IWb d Z[ Fh[# i_Z[dj[i i[ [n^_X_ [b YkWZhe Z[ kdW f[hiedW W bW gk[ i[ b[ Yed\kdZ_ Yed <hWdY_iYe 7h pW]W Bkgk[" [nfh[#

¡ ēũũ +ũ!.,#".1ũ"#ũ+.2ũ 2 , +#~23 2ũ$4#ũ -3#1(.1,#-3#ũũ#+ũ +¢-ũ"#ũ+.2ũ 1#2("#-3#2ē

i_Z[dj[ Z[ bW 9edij_jko[dj[ Z[ '/*+$ C_ e Yedj gk[ \k[ [d bW ][ij_ d Z[b [nj_jkbWh Z[ bW B[]_i# bWjkhW" @kWd @ei Fedi" YkWdZe kd \Wc_b_Wh Z[ 7h pW]W Bkgk[ ^_pe dejWh gk[ [i[ h[jhWje de [hW Z[b [nfh[i_Z[dj[$ Æ;d [i[ cec[dje" Fedi f_# Z_ _dl[ij_]Wh Z[ Z dZ[ iWb_ [b h[jhWje Z[ kd i[ eh gk[ dWZ_[ iWX W gk_ d [hW$ >WijW W^ehW dWZ_[ iWX[ Z[ gk_ d i[ jhWjW$ ;ij[ YkWZhe gk[ de h[fh[i[d# jWXW W dWZ_[ i[ iWbl Z[b _dY[d# Z_e o ^WijW W^ehW f[hcWd[Y[ [cXeZ[]WZeÇ" [nfb_Y $ ;b YkWZhe Z[ @ei <[hd|d# Z[p IWblWZeh" [b fh_c[h fh[# i_Z[dj[ Z[b 9ed]h[ie Z[ '.)' oW de [n_ij[$ De ^Wo [l_Z[d# Y_W Z[ ^[h[Z[hei e \Wc_b_Wh[i gk[ fk[ZWd [djh[]Wh kdW \eje ikoW$ JWcfeYe ^Wo h[jhWjei Z[ feb j_Yei feij[h_eh[i W bW \kdZWY_ d Z[ bW H[f Xb_YW$ ÆFeh [bbe [d [ij[ cec[dje [i _cfei_Xb[ Yh[Wh kd iWb d Z[ bei fh[i_Z[dj[i Z[ bW <kdY_ d B[]_ibWj_lWÇ" Z_`e$

)#3.2ũ1#23 41 ".2

:[ifk i Z[b _dY[dZ_e gk[ Z[ijhko Wbh[Z[Zeh Z[b *& Z[b [Z_\_Y_e jWcX_ d i[ _d# j[hl_d_[hed f_[pWi o ck[# Xb[i" [djh[ [bbei [b i_bb d Z[ ;beo 7b\Whe" kdW _cW][d Z[ 9h_ije o kdW YW`W \k[hj[ Z[ ^_[hhe \eh`WZe Yed _dYhkijW# Y_ed[i Z[ ehe$ Kd f[gk[ e ehWjeh_e kd [ifWY_e Z[ h[\b[n_ d [if_h_# jkWb YebeYWZe [d [b i[]kdZe f_ie feh [b [nfh[i_Z[dj[ I_nje :kh|d#8Wbb d" YkWdZe [hW Z_# fkjWZe dWY_edWb FI9 [djh[ '/.* o '/.+" de i[ W\[Yj feh bWi bbWcWi" f[he [d [b fheY[ie Z[ h[ijWkhWY_ d Z[b [Z_ÒY_e bW [ijhkYjkhW \k[ jhWibWZWZW W bW j[hhWpW$ ;i[ f[gk[ e [ifWY_e #i_d _bkc_dWY_ d d_ XWdYWi" Yed kdW c[iW Z[ f_[ZhW o kd l_jhWb elWbWZe Yed Yebeh[i _dj[diei" Z[YehWZe Yed bei i_]dei Z[b peZ WYe o [d ik fWhj[ ikf[h_eh Yed kd e`e cWi d_Ye# ^eo [ij| Y[hhWZe$

7614+&#& 1467#4+# &' 5/'4#.&#5

&21&8562 '(/ 18(92 /2*2 ,167,78&,21$/ 7614+&#& 1467#4+# &' 5/'4#.&#5 +08+6# # '567&+#06'5X 241('5+10g #.'5X +/24'06#5 1 #)'0%+#5 '0 .# /#6'4+# &' &+$7,1 1 &+#)4#/#%+Ø0 2#4# .# %4'#%+Ø0 &'. 07'81 .1)1 +056+67%+10#. 37' +&'06+(+37' #. 7'461 &' 5/'4#.&#5T #5 +05%4+2%+10'5 510 616#./'06' )4#67+6#5 ; 5' 4'%'26#0 *#56# '. FE &' 018+'/$4' fFNEE '0 .#5 1(+%+0#5 &' 7614+&#& 1467#4+# &' 5/'4#.&#5X &10&' 5' .'5 '064')#4#0 .#5 $#5'5 &'. %10%7451 ; .# +0(14/#%+Ø0 0'%'5#4+#T 7'&'0 '5%4+$+4 # .15 %144'15U %1/70+%#2'FEEu;#*11T%1/ %#4$1.'&#u27'461'5/'4#.&#5T)1$T'% 15 )#0#&14'5 4'%+$+4É0 +/2146#06'5 24'/+15T 7614+&#& 1467#4+# &' 5/'4#.&#5X HE #Ö15 TTT[ # '81.7%+Ø0 &' 70 7'461[ KFIMH


Ĵüþăŋ'#&&)( -ŋ* , ŋ , ,ŋ þăûŋ$/ # ./, -ŋ" -. ŋüúûü

ŏ āąŏ ŏ ŏ ŏĂĀāāŏ ŏ +. Čŏ

-ũ".!4,#-3.ũ04#ũ , -#) ũ+ ũ)4"(! 34ı 1 ũ1#5#+ ũ+ 2ũ-#!#ı 2(" "#2ũ"#+ũ2(23#ı , ũ"#ũ)423(!( ēũ ;b fh[ikfk[ije h[\[h[dY_Wb fWhW bW Yh[WY_ d Z[ `kp]WZei o jh_Xk# dWb[i fWhW [b W e (&'(" i[] d bW fhefk[ijW gk[ i[ cWd[`W [d [b 9edi[`e Z[ bW @kZ_YWjkhW Z[ JhWdi_Y_ d" [ij| YWbYkbWZe [d c|i Z[ (*/ c_bbed[i Z[ Z bWh[i fWhW YkXh_h bei ]Wijei Yehh_[dj[ o Z[ YWf_jWb Z[ */' dk[lWi `kZ_# YWjkhWi$ ;b ZeYkc[dje" gk[ ^WXh W i_Ze [bWXehWZe [d bW I[Yh[jW# h W DWY_edWb Z[ FbWd_ÒYWY_ d o :[iWhhebbe I[dfbWZ[i " Z[i# Yh_X[ kd jejWb Z[ '/(É*/&$&&& Z bWh[i fWhW ]Wije Yehh_[dj[ o +,É//,$&&& Z bWh[i fWhW ]Wi# je Z[ YWf_jWb" fWhW YkXh_h ')) `kp]WZei Yed kd iebe `k[p" (*& Yed Zei e jh[i `k[Y[i" .. Yed * e , `k[Y[i o )& Yed - k '' `k[Y[i `kp]WZei ckbj_Yecf[j[dj[i $ BW Yh[WY_ d Z[ bei `kp]WZei d_Yei" Yed kd iebe `k[p" h[gk_[# h[ Z[ kd c d_ce Z[ Y_dYe YWh]ei `k[p" i[Yh[jWh_e o WokZWdj[i `k# Z_Y_Wb[i " fWhW bWi `kZ_YWjkhWi Z[ ( ) `k[Y[i" '' YWh]ei1 bei Z[ * e ," (' YWh]ei1 o bei Z[ - k '' `k[Y[i" )/ dk[lei YWh]ei c d_ce$ #$#-2.1#2ũ

;b ZeYkc[dje jWcX_ d h[l[bW gk[ bW e\[hjW WYjkWb Z[ `kij_Y_W" [d cWj[h_W Z[ Z[\[dieh W f Xb_# YW" [i Z[ '(, Z[\[dieh[i f Xb_Yei [d YWf_jWb[i Z[ fhel_dY_W" be gk[ h[fh[i[djW [b &"./ feh YWZW '&&$&&& ^WX_jWdj[i$ (2! +#2ũ

;d be gk[ j_[d[ gk[ l[h Yed Òi# YWb[i" ^Wo kd jejWb Z[ +++ Z_ijh_# Xk_Zei [d ')' YWdjed[i" be gk[ h[fh[i[djW )". ÒiYWb[i feh YWZW '&&$&&& ^WX_jWdj[i" YkWdZe [b [ij|dZWh _dj[hdWY_edWb Z[ bW 9ed\[h[dY_W Z[ C_d_ijhei Z[ @kij_Y_W Z[ ?X[heWc h_YW h[Ye#

Ć

41(23 2ũũ1(-"#-ũ/14# 2

ŗũ ũũBei '.) YWdZ_ZWjei W _dj[# ]hWh bW dk[lW 9ehj[ DWY_edWb

Z[ @kij_Y_W 9D@ h[dZ_h|d ^eo bW fhk[XW j[ h_YW [d bWi _dijWbWY_ed[i Z[ ;b J[b[\ h_Ye" [d bW Z[dec_dWZW ;ijWY_ d Z[ 9h_ijWb Gk_je " W fWhj_h Z[ bWi '*0)&" _d\ehc [b 9edi[`e Z[ bW @kZ_YWjkhW JhWdi_jeh_e 9@J $ Bei feijkbWdj[i W cW]_ijhW# Zei j[dZh|d gk[ Yedj[ijWh kd [nWc[d Z[ '&& fh[]kdjWi eX`[j_lWi o Z[ efY_ d c bj_fb[" gk[ Z[X[h| i[h h[ik[bje [d [b i_ij[cW _d\ehc|j_Ye$

4"(3.1#2ũ!'(+#-.2ũ #-ũ .-31 +.1~

ŗũ ũũ7kZ_jeh[i Z[ bW 9edjhWbe# h W Z[ 9^_b[ _d_Y_Wh|d ^eo bW

ēũ 24 1(.2ũ"#ũ+ ũ)423(!( ũ' !#-ũă+ ũ#-ũ4-ũ)49% ".ũ"#ũ+ ũ-( #9ũ"#ũ 4(3.ēũ

4"(!( +#2Ĕũ#5 +4 ".2ũ8ũ!#2 ".2 ŗũũ +1#"#".1ũ"#ũĐēćććũ31 ) ".1#2ũ)4"(!( +#2ũ2#1;-ũ#5 +4 ".2ũ8ũ04(#-#2ũ-.ũ . 3#-% -ũ +ũ,#-.2ũĐćũ/4-3.2ũ2. 1#ũĈććũ#-ũ"(5#12 2ũ/14# 2ũ"#ũ!.-.!(,(#-3.Ĕũ

/2(!.+¢%(! 2ũ8ũ"#ũ/1."4!3(5(" "Ĕũ2#1;-ũ!#2 ".2ũ#ũ(-"#,-(9 ".2Ĕũ2# +¢ũ 8#1ũ #1- -".ũ ;5 1Ĕũ5.! +ũ"#+ũ .-2#).ũ"#ũ+ ũ 4"(! 341 ũ 1 -2(3.1(.ũĸ Ĺē ;5 1ũ, -345.ũ4- ũ1#4-(¢-ũ!.-ũ+ ũ 2.!( !(¢-ũ"#ũ 4"(!( +#2ũ"#+ũ 4 8 2Ĕũ!.-ũ #+ũ. )#3.ũ"#ũ2.!( +(9 1ũ#+ũ1#%+ ,#-3.ũ/ 1 ũ+ ũ#5 +4 !(¢-ēũ +ũ ¢"(%.ũ"#ũ+ ũ 4-!(¢-ũ 4"(!( +ũ"(2/.-#ũ+ ũ1# +(9 !(¢-ũ"#ũ+ ũ#5 +4 !(¢-ũ#-ũ#+ũ/+ 9.ũ"#ũĈđćũ"~ 2Ĕũ!.-3 ".2ũ "#2"#ũ+ ũ!.-$.1, !(¢-ũ"#+ũ-4#5.ũ Ĕũ' !#ũ! 2(ũ31#2ũ,#2#2ē

c_[dZW + ÒiYWb[i feh YWZW '&&$&&& ^WX_jWdj[i$

f[dWb[i o +/, `kp]WZei Z[ fh_c[hW _dijWdY_W" gk[ h[# ũ fh[i[djWd '"'( `k[Y[i feh YWZW '&&$&&& ^WX_jWdj[i" 4"(! 341 2ũ YkWdZe be h[Yec[dZWZe H[if[Yje Z[ `kZ_YWjkhWi" [d -ũ#+ũ/ ~2ũ' 8ũ _dj[hdWY_edWbc[dj[ [i /", [b fW i [n_ij[d kd jejWb Z[ Ĉćďũ!#-31.2ũ"#ũ ,#"( !(¢-Ĕũ"#ũ +, iWbWi Z[ Yehj[ fhel_dY_Wb +.2ũ!4 +#2ũĉđũ2.-ũ `k[Y[i feh YWZW '&&$&&& i[]kdZW _dijWdY_W " '( jh_# #23 3 +#2ũ8ũ#+ũ 1#23.ũ2.-ũ"#ũ(-(ı ^WX_jWdj[i$ ;d be gk[ j_[d[ XkdWb[i ÒiYWb#Yedj[dY_eie !( 3(5 ũ/1(5 " ē gk[ l[h Yed bei `k[Y[i Z[ fhel_dY_Wb[i" ,) jh_XkdWb[i fWp" de ^Wo kde iebe$

#04#1(,(#-3.ũ"#ũ 49% ".2ũË-(!.2 4#!#2ũ

3#1( ũ

ŗũ #- +ũ ŗũ ".+#2!#-3#2ũũ

(-$1 !3.1#2 ŗũ .-31 5#-!(.-#2ũ ŗũ (.+#-!( ũ!.-31 ũũ + ũ,4)#1ũ8ũ+ ũ$ ,(+( ŗũ ,(+( Ĕũ-( #9ũ8ũũ ".+#2!#-!( ŗũ 1 ).ũ ŗũ (5(+ũ8ũ #1! -3(+ũ ŗũ -04(+(- 3.ũ ŗũ 4+3(!.,/#3#-3#ũ ũ (5(+ũ ŗũ 4+3(!.,/#3#-3#ũ (5(+ũ8ũ #- +

.3 +ũ #-#1 +ũ

Ì,#1.ũ ĉď Ďũ Ē Čũ ďũ ĈĊ Ď ĈĎ ĉČũ ĉďũ

ĈĊĊ

[lWbkWY_ d Z[ bW ][ij_ d Z[ bW 9edjhWbeh W [YkWjeh_WdW" [d Ykcfb_c_[dje Wb c[cehWdZe Z[ [dj[dZ_c_[dje ikiYh_je [d# jh[ bei eh]Wd_icei Z[ Yedjheb Z[ [ijei Zei fW i[i$ BW bWXeh YedYbk_h| [d cWoe Z[ (&'($ ;b fheo[Yje i_]d_ÒYW bW h[l_i_ d Z[ kdW [dj_ZWZ Z[ Yedjheb feh ejhW Z[ bWi c_icWi YedZ_Y_ed[i$ BWi kd_ZWZ[i WZc_d_ijhWj_lWi Z[ bW 9edjhWbeh W Z[ ;YkWZeh" gk[ fWhj_Y_fWh|d [d [ijW [lWbkWY_ d ied0 FbWd_ÒYWY_ d o [lWbkWY_ d _dij_jkY_edWb" ÒdWdY_[hW" YWfWY_# jWY_ d o WkZ_jeh W _dj[hdW$

#-31.2ũ"#ũ,.-(3.1#.ũ

ŗũ ũũ;b ]eX_[hde WdkdY_ bW Yh[W# Y_ d fhe]h[i_lW Z[ Y[djhei Z[ ced_jeh[e _dj[]hWb Z[ i[]kh_# ZWZ [d bWi Z_\[h[dj[i fhel_d# Y_Wi" Yed fhe]hWcWi XWiWZei [d bbWcWZWi Z[ bW Y_kZWZWd W fWhW h[ifedZ[h W YkWbgk_[h h_[i]e [d \ehcW _dc[Z_WjW$ ;d [b Y[djhe Z[ ced_jeh[e i[ h[Y_X[d bbWcWZWi j[b[\ d_YWi W kd d c[he d_Ye /'' " Yed kd i_ij[cW Z[ ][e#h[\[h[dY_W Z[b eh_][d Z[ bW c_icW" o i[ Yeckd_YW Z[ cWd[hW _dc[Z_W# jW W bW Feb_Y W" WcXkbWdY_Wi e XecX[hei$

Ē &ŋ&v'#. ŋ ŋ& ŋ$/-.# # ŋ#( v! ( ŋ-)(ŋ&)-ŋ , ")-ŋ"/' ()-ēŋ ;d ik l_i_jW W ;YkWZeh" [b YeehZ_# dWZeh Z[b |h[W Z[ =eX[hdWX_b_ZWZ :[ceYh|j_YW Z[ bW 9ec_i_ d 7d# Z_dW Z[ @kh_ijWi" [b f[hkWde ;ZZ_[ 9 dZeh" ^WXb Yed BW >ehW bW _c# fehjWdY_W Z[ bW `kij_Y_W _dZ ][dW [d bei fW i[i Z[ BWj_deWc h_YW$

[nY[fY_ed[i$ ;ijWi de ied d[Y[# dWc_[dje _dj[hdWY_edWb" gk[ iWh_Wc[dj[ bWi fh|Yj_YWi b_]WZWi eXb_]Wd Wb ;ijWZe W Z[iWhhebbWh W bW `kij_Y_W _dZ ][dW$ iki i_ij[cWi Z[ `kij_Y_W [d Ykc# fb_c_[dje W [iei cWdZWjei$ Ġ 4;+ũ#2ũ+~,(3#ũ"#ũ#23 ũ)423(!( ğ

JWdje [d Z[h[Y^e ehZ_dWh_e Yece [d [d [b _dZ ][dW" [b b c_j[ [ij| cWhYWZe feh bei :[h[Y^ei Ġ 7(23#-ũ /1. +#, 2ũ +ũ /+(! 1ũ + ũ >kcWdei$ BWi Yeckd_ZWZ[i de fk[Z[d [njhWb_c_jWhi[ c|i Wbb| )423(!( ũ(-"~%#- ũ#-ũ+ ũ1#%(¢-ğ >Wo kd Yk[ij_edWc_[dje gk[ Z[ Z[h[Y^ei \kdZWc[djWb[i" eX[Z[Y[ Wb i[diWY_edWb_ice Yed Yece [b h[if[je W bW l_ZW$ [b gk[ i[ Wikc[d i_jkWY_ed[i gk[ ied [gk_fWhWZWi Yed bW `ki# Ġ ¢,.ũ' !#1ũ!4,/+(1ũ#2.2ũ+~,(3#2ğ j_Y_W _dZ ][dW$ F[he bei b_dY^W# >Wo kdW i[h_[ Z[ Yecfhec_iei c_[djei de ied bW h[]bW" ied bWi gk[ [ij|d h[]kbWZei [d [b ehZ[#

Ġ 2ũ 5;+(".ũ )49% 1ũ 4-ũ "#+(3.ũ #-ũ + ũ )423(!( ũ(-"~%#- ũ8ũ#-ũ+ ũ.1"(- 1( ğ

;d [b |cX_je Z[ bW `kij_Y_W Z[X[ [l_jWhi[ gk[ kd Z[b_je i[W `kp]W# Ze Zei l[Y[i$ Ġ ũ .,(2(¢-ũ04#ũ1#/1#2#-3 ũ .1ı " ũ#23.2ũ3#, 2ğ

I " jWcX_ d [ijWcei jhWjWdZe j[# cWi Yece bW lkbd[hWY_ d Z[ bei Z[h[Y^ei Z[ bei c_]hWdj[i o bei

#1ă+ũ

""(#ũ ¢-".1ũ ũ .% ".ũ/.1ũ+ ũ -(5#12(" "ũ 8.1ũ"#ũ ŗ -ũ 1!.2ũĸ (, ı #1ÌĹēũ ũ 1 ) ũ#-ũ#+ũ;1# ũ"#ũ)423(!( ũ"#-31.ũ"#ũ+ ũ ŗ .,(2(¢-ũ -"(- ũ"#2"#ũ' !#ũĈćũ .2ē

fk[Xbei _dZ ][dWi$ BW dk[ijhW [i kdW eh]Wd_pWY_ d h[]_edWb o [d# jh[ iki |h[Wi Z[ jhWXW`e WXehZW bei Z[h[Y^ei ^kcWdei" \kdZW# c[djWbc[dj[ [d be gk[ i_]d_ÒYW Z_\ki_ d o WYjkWb_pWY_ d$

ēũ !34 +,#-3#ũ2#ũ"#2#,ı /# ũ!.,.ũ ..1"(- ".1ũ"#+ũ;1# ũ"#ũ . #1- (+(" "ũ #,.!1;3(! ē


/ ),ŋ 2*),. ŋ' ()-ŋ +/ ŋ" ŋ / .,)ŋ )-

ć

ŏ āąŏ ŏ ŏ ŏĂĀāāŏ ŏ +. Čŏ

+ũ5.+4,#-ũ"#ũ#7/.13 !(.-#2ũ' ũ! ~".ēũ #%Ì-ũ+.2ũ#7/#13.2Ĕũ2#ũ"# #ũ ũ04#ũ#+ũ / ~2ũ-.ũ3(#-#ũ4- ũ/.+~3(! ũ!.,#1!( +ēũ ;d be gk[ lW Z[b W e W i[fj_[c# Xh[ " ;YkWZeh [nfehj -$(. c[dei gk[ ^WY[ YkWjhe W ei$ BWi Y_\hWi _dZ_YWd gk[ [djh[ [d[he o i[fj_[cXh[ Z[ (&&." bWi l[djWi _dj[hdWY_edWb[i WbYWdpWhed ('$'+, jed[bWZWi c jh_YWi$ ;d [b c_ice f[h eZe Z[ [ij[ W e" [d YWcX_e" bb[]Whed W '/$,'* jed[bWZWi c # jh_YWi" [i Z[Y_h" '$+*( jed[bWZWi c[dei$ BWi Y_\hWi [d Z bWh[i" i_d

[cXWh]e" cWgk_bbWd bW YW ZW$ I[] d [b bj_ce h[fehj[ Z[b 8WdYe 9[djhWb" W i[fj_[cXh[ Z[ (&''" [b fW i [nfehj c|i Z[ '+$&&& c_bbed[i Z[ Z bWh[i$ ;ije [d YecfWhWY_ d Wb c_ice f[h eZe Z[b W e fWiWZe i_]d_ÒYW (,$&+ c|i$ F[he [d lebkc[d" [gk_lWb[ W kdW YW ZW Z[ &$,& $ F[he [b Z[ifbec[ Z[b lebkc[d Z[ l[djWi l_[d[ Z[iZ[ (&&." W e

5.+4!(¢-ũ + -9 ũ!.,#1!( +Ė -#1.ũIJũ2#/3(#, 1#ũĉćĈćıĉćĈĈ

ũ 7/.13 !(.-#2ũ52ēũ (,/.13 !(.-#2 ũũũ -#1.ı2#/3(#, 1#ũ

.ũ ŗũĉććđũ ŗũĉććĒũ ŗũĉćĈćũ ŗũĉćĈĈũ

7/.13 !(.-#2ũũũũ ,/.13 !(.-#2 đēĎĈĉ ũ ĉĈēĈĎďũ đēĉĉĎ ũ ĉćēĎĎĊũ ĈćēćĐĈ ũ ĈĒēĐĊĊũ ĈćēĐćĒ ũ ĈĒēďĈČũ

Ňũ -ũ3.-#+ " 2ũ,_31(! 2

jhWi W e l[h h[YkWZhe $ ;d YWc# X_e [d cedje i[ l[d Wkc[djei$ BWi _cfehjWY_ed[i" feh [b Yed# jhWh_e" i[ _dYh[c[djWhed [d ced# je o lebkc[d$ Feh [`[cfbe" [d [b f[h eZe WYjkWb" ;YkWZeh Yecfh ,$)) c|i [d lebkc[d o (&$() c|i [d cedje gk[ [b c_ice f[# h eZe Z[b W e Wdj[h_eh$ 1%4,#-3.2

ũ ũ 7/.13 !(.-#2ũ ,/.13 !(.-#2ũ ^ ũ Ėũ

ĉćĈćũ ũ ĈĉēďďćĦđĉďēćććũ ĈČēćĊđĦĐĎĎēćććũ ıĈēĊĐĐĦĒĉđēćććũ

ũũũũũũũũ 1( !(¢ĉćĈĈũ ũũũũũũũũũũũũũũũũũũũũũũũũũũũũũũũũũũũũũũũũũũũ -3(" "ũũũũũũũũ .-3. ũıćēďćŘũũũũũũĉďēćĎŘ ĈĎēĒĎđĦđĉĐēćććũ ũũũďēĊĊŘũũũũũũĉćēĉĊŘ ĈďēđĐđĦĎďĈēćććũ ũũũũũũũũũũũũıĒĈĒĦĐĊČ

CWdk[b 9^_h_Xe]W" j_jkbWh Z[b EXi[hlWjeh_e Z[ 9ec[hY_e ;n# j[h_eh" [nfb_Y gk[ Æ[b [ijWdYW# c_[dje Z[ bWi [nfehjWY_ed[i j_[d[ gk[ l[h Yed bW Z[X_b_ZWZ Z[ bW feb j_YW Yec[hY_Wb Z[b

7(5&(5$ 38%/,&$&,Ð1

6(59,&,2 1$&,21$/ '( $'8$1$ '(/ (&8$'25 'DQGR FXPSOLPLHQWR D OD 'LVSRVLFLyQ 7UDQVLWRULD 8QGpFLPD GHO &yGLJR 2UJiQLFR GH OD 3URGXFFLyQ &RPHUFLR H ,QYHUVLRQHV \ HQ FRQFRUGDQFLD FRQ OR SUHYLVWR HQ OD 5HVROXFLyQ 1 SXEOLFDGD HQ HO 5HJLVWUR 2¿FLDO GHO PLpUFROHV GH MXOLR GHO VH SRQH HQ FRQRFLPLHQWR GHO S~EOLFR HQ JHQHUDO TXH ODV PHUFDQFtDV TXH VH GHWDOODGDQ D FRQWLQXDFLyQ VH HQFXHQWUDQ DOPDFHQDGDV HQ ORV GLIH UHQWHV 'HSyVLWRV 7HPSRUDOHV HQ OD &LXGDG GH 7XOFiQ EDMR FXVWRGLD GHO 6HUYLFLR 1DFLRQDO GH OD $GXDQD GHO (FXDGRU SRU OR WDQWR VH LQIRUPD TXH D SDUWLU GH OD SUHVHQWH SXEOLFDFLyQ \ KDVWD GHQWUR GH ORV YHLQWH GtDV KiELOHV VLJXLHQWHV D OD WHUFHUD SXEOLFDFLyQ VH DFHUTXHQ D ODV R¿FLQDV GH OD 'LUHFFLyQ 'LVWULWDO GH $GXDQD 7XOFiQ TXLHQHV VH FUHDQ FRQ GHUHFKRV UHVSHFWR GH GLFKRV ELHQHV \ ORV DFUHGLWHQ HQ OHJDO \ GHELGD IRUPD IHQHFLGR HO SOD]R FRQFHGLGR \ VLQ TXH VH KD\D SUREDGR GHUHFKR DOJXQR \ DFRUGH D OR SUHYLVWR HQ ODV QRUPDV LQYRFDGDV HO 6HUYLFLR 1DFLRQDO GH $GXDQD GHO (FXDGRU SURFHGHUi VLQ PiV WUiPLWH D OD GLVSRVLFLyQ OHJDO GH ODV PLVPDV 3DUD PD\RU LQIRUPDFLyQ FRQVXOWH HQ OD SDJLQD ZHE GHO 6(1$( ZZZ DGXDQD JRE HF $$ GHO FRQWHQLHQGR SDQWD ORQHV GH GDPD \ FDPLVHWDV GH KRPEUH YDULDV $$ GHO FRQWHQLHQGR HVSHMRV HVPDOWHV YDULDV PDUFDV PDUFDV $$ GHO FRQWHQLHQGR VDFRV $$ GHO FRQWHQLHQGR $ $ G H O F R Q W H Q L H Q G R $$ GHO FRQWHQLHQGR XQ $XWR FRQMXQWRV GH URSD LQWHULRU PDUFD SHWWDFFL FDMLWDV GH IyVIRUR FDMHWLOODV GH FLJDUULOOR PyYLO XQD FDPLRQHWD )RUG XQD FDVD URGDQWH GH ODQD PDUFD IDVKLQ WRQLQJ $$ GHO FRQWHQLHQGR $$ GHO FRQWHQLHQGR SD $$ GHO FRQWHQLHQGR XQLGD $$ GHO FRQWHQLHQGR ERO VDV SOiVWLFDV HTXLSRV GH GHVLQWR[LFDFLyQ GHV GH 3UHQGHGRUHV JDORQHV GH FORUR OtPSLGR UHV GH VDQGDOLDV SDUHV GH ]DSDWRV JRUUD IXQGDV GH ELFDUERQDWR ERWHOODV GH XQLGDGHV GH VDFRV GH \XWH SDxDOHUD EDNLE GH IXWERO SXUL¿FDGRUHV GH WR[LQD iFLGR SDUD PRWRU FDUWRQHV GH LQVHFWLFLGD $$ GHO FRQWHQLHQGR YHVWL $$ GHO FRQWHQLHQGR FRU $$ FRQWHQLHQGR PHQHQ $$ GHO FRQWHQLHQGR MHDQV EDE\ ]DSDWLOODV JHO FRORQLDV MD WD ODWDV IXQGDV GH LPSHUGLEOHV IXQGDV GH GRV GH PXMHU WHUQRV GH QLxDV IDOGDV SDUD GDPD YiOYXODV \ FLOLQGURV QHSORV GH DUJROODV IXQGDV GH URGHODV PDOHWD GH HQYD EOXVDV SDUD QLxD SDQWDOyQ FDSUL SDQWDOyQ EURQFH OODYHV GH VHJXULGDG SHUQRV \ DFRSOHV ERQHV VKDPSXV DFHLWHV EDE\ WDOFRV GH GDPD FDSVXODV PHGLFLQD QDWXUDO VHV SOiVWLFRV FDSVXODV GH YLWDPLQDV $$ GHO FRQWHQLHQGR &DUJD $$ GHO FRQWHQLHQGR &' $$ GHO FRQWHQLHQGR IUDV $$ GHO FRQWHQLHQGR XQL GRUHV GH WHOpIRQR FRV GH 35(3( GDGHV GH HWLTXHWDV GH FXHUR $$ GHO FRQWHQLHQGR FDMDV GH $$ GHO FRQWHQLHQGR )ROOHWRV $$ GHO FRQWHQLHQGR SD $$ GHO FRQWHQLHQGR IXQGDV IROOHWRV WXERV GH HVFDSH SDTXHWHV GH SHULyGLFR GHFRGL¿FDGRUHV PDUFD FDSWLYH :RNV UHV GH ERWDV \ ]DSDWRV PDUFD ZHVWLODQG MRYLDO GH DOLPHQWRV HQ SROYR EDVH SURWHtQD R IRU]D VR\D $$ GHO FRQWHQLHQGR $$ GHO FRQWHQLHQGR Pi $$ GHO FRQWHQLHQGR SDQ $$ GHO FRQWHQLHQGR TXLQD GH RUGHxR JHQHUDGRU HOpFWULFR DFR FDMDV GH PHGLFDPHQWR XQLGDGHV GH SXQWLOODV ERWRQHV DUJROODV GH WDORQHV MHDQV SDQWDORQHV GH WHOD EROVRV GH KLHUUR SURGXFWRV QDWXUDOHV DSDUDWRV SDUD KLOR FDPLVHWDV EDWDV EOXVDV ERG\V PDVFDULOODV SDUHV GH FDO]DGR GH GDPD SOHV PHWiOLFRV HTXLSRV GH UD\R [ IXQGDV GH ERWRQHV FDMDV GH SDUWHV GH ERPED GH XVR WHUDSpXWLFR PDVDMHGRUHV HQFHQGHGR Ey[HU EOXVDV FDUSDV GH ORQD VRP IXQGDV GH ELVXWHUtD XQLGDGHV GH FDPLVHWDV DJXD FDMD GH PDQJXHUD UROOR GH WHOD \ EUHURV UHV HWLTXHWDV DXWRDGKHVLYDV EROVRV GH FXHUR JRUUDV $$ GHO FRQWHQLHQGR 5HFL $$ GHO FRQWHQLHQGR IUDV $$ GHO FRQWHQLHQGR &G $$ GHO FRQWHQLHQGR SDQWD FRV GH YLGULR SDQWDORQHV MHDQV ERWR ORQHV FKRPSDV EX]RV SLHQWHV SDUD DQiOLVLV JHQpWLFRV \ XQ HVWHULOL]D GH PS 03 DXGtIRQRV SDUD 03 QHV \ SXQWLOODV UHWD]RV GH WHOD FDUJDGRUHV SDUD 03 GRU PDUFD DWLQFR $$ GHO FRQWHQLHQGR XQL $$ GHO FRQWHQLHQGR SD $$ GHO FRQWHQLHQGR 7HOpIRQRV FH $$ GHO FRQWHQLHQGR FDPLVHWDV OXODUHV FDUJDGRUHV GH FHOXODU EDWHUtDV GH FHOX EX]RV EOXVDV FRQMXQWRV GH QLxDV MHDQV UHV GH ]DSDWRV SDUHV GH FRUGRQHV OLFUDV GDGHV GH FRUEDWDV PDUFD 3DROR ' 1LFROD ODU FDWiORJRV FDMDV R HPEDODMHV GH FHOXODU FKDTXHWDV GH MHDQ PHGLDV LQWHULRUHV GH KRPEUH WRSV GDPD SRQFKRV SOiVWLFRV SDUHV ]DSDWRV YDULDV PDUFDV $ $ F R Q W H Q L H Q G R E X O W R V G H VDO $$ GHO FRQWHQLHQGR /&' $$ GHO FRQWHQLHQGR UH $$ GHO FRQWHQLHQGR &DUJDGRUHV PDUFD 6DQVXQJ PDUFD UH¿VDO 1RNLD ORM PDUFD VDOFR \ FDVVLT $$ GHO FRQWHQLHQGR FDMDV $$ GHO FRQWHQLHQGR SODV $$ GHO FRQWHQLHQGR SDUHV $$ GHO FRQWHQLHQGR 3DQWDOODV GH FHUiPLFDV PDUFD (XUR PDV YDULDV PDUFDV SURWHFWRUDV GH OHQWHV GH ]DSDWRV YDULDV PDUFDV $$ GHO FRQWHQLHQGR XQ YHKt $$ GH IHFKD FRQWHQLHQGR $$ GHO FRQWHQLHQGR XQL $$ GHO FRQWHQLHQGR SD $JHQGDV HMHFXWLYDV GDGHV GH FDxHUtDV GH FDXFKR UHV GH VDQGDOLDV YDULDV PDUFDV FXOR GH SODFD &RORPELDQD $$ GHO FRQWHQLHQGR SD $$ GHO FRQWHQLHQGR SD $$ GHO FRQWLHQGR &DVFRV PDU $$ GHO FRQWHQLHQGR EXOWRV GH KHELOODV PHWiOLFDV TXHWHV GH SLQFHOHV \ XQLGDGHV FD DUVHJ UHV GH ]DSDWRV YDULDV PDUFDV $$ GHO FRQWHQLHQGR SDUHV $$ GHO FRQWHQLHQGR FDMDV $$ GHO FRQWHQLHQGR $$ GHO FRQWHQLHQGR SDTXHWHV GH JRWHURV PDUFD HO YDTXHUR PHWURV GH FDUWyQ FRQWHQLHQGR UHSXHVWRV GH YHKtFXOR \ FRGR FDGHQDV GHVSOXPH SDQHOHV GH GH ]DSDWRV EUDVLHUHV EOXVDV SLMDPDV GH MXHJRV SLURWpFQLFRV YHVWLGRV OLFUDV DUWtFXORV GH ED]DU FRQWURO PRWRUHV VSDUWDQ $$ GHO FRQWHQLHQGR DU $$ GHO FRQWHQLHQGR $$ GHO FRQWHQLHQGR $$ GHO FRQWHQLHQGR /&' PDGRUHV GH URSD XQLGDGHV GH PHGLFLQD .LWV GH PS GH SXOJDGDV PDUFD /* $$ GHO FRQWHQLHQGR SDUHV $$ GHO FRQWHQLHQGR GX $$ GHO FRQWHQLHQGR &DPL $$ GHO FRQWHQLHQGR GH VDQGDOLD SDUHV GH ]DSDWRV SDQWDORQHV VHWDV GHSRUWLYDV SDQWDORQHV GH FDOHQWDGRU FKDV HOpFWULFDV ELTXLQLV EUDVLHU FDPL SDUHV GH ]DSDWLOODV SHUIXPHV EROVRV \ FDUWHUDV SDQWDORQHV FRQMXQWRV GH GDPD EOXVDV FDPLVDV EX]RV SLMDPD FDU SDQWDORQHV GH QLxR SDQWDORQHV MHDQ GH VHWDV FKDOHFRV YHVWLGRV GH EDxR &38 QLxR FDPLVHWDV SLMDPDV FDPLVHWDV XVDGRV UHSXHVWRV GH PRWRFLFOHWD SDUHV WHUDV SDUHV GH PHGLDV FDPLVHWDV JRUUDV FKDTXHWD GH QLxR GHWHFWRUHV GH KXPR GH ]DSDWRV FDOHQGDULRV GHO $$ GHO FRQWHQLHQGR IUDV $$ GHO FRQWHQLHQGR FDMDV GH $$ GHO FRQWHQLHQGR SD $$ GHO FRQWHQLHQGR SDUHV FRV GH PHGLFLQD QDWXUDO \ FDPLVDV UHV GH ]DSDWRV SDUHV GH VDQGDOLDV DEUD]DGHUDV PHWiOLFDV FDMDV GH SDSHO UHJDOR GH ]DSDWRV SDUHV GH ERWDV $$ GHO FRQWHQLHQGR IR $$ GHO FRQWHQLHQGR SDQ $$ GHO FRQWHQLHQGR 7HOHYL $$ FRQWHQLHQGR XQD SODWD WDORQHV GH SDQD PDUFD ',(6(/ VRU PDUFD 6KDUS FRV YDULDV PDUFDV IRUPD $$ GHO FRQWHQLHQGR $$ GHO FRQWHQLHQGR UROORV $$ GHO FRQWHQLHQGR $$ GHO FRQWHQLHQGR $UWH GH PDOODV SOiVWLFDV VZHDWHU SDUD GDPD PDUFD IDVKLRQ FDVFRV VLQ PDUFD VDQtDV $$ GHO FRQWHQLHQGR DWDGRV $$ GHO FRQWHQLHQGR $$ GHO FRQWHQLHQGR FDMDV $$ GHO FRQWHQLHQGR GH VDFRV GH \XWH SDUHV GH ERWLQHV GH )yVIRURV SDUWHV GH UHSXHVWR GH YHKtFXORV $$ GHO FRQWHQLHQGR $$ GHO FRQWHQLHQGR $$ GHO FRQWHQLHQGR SDUHV $$ GHO FRQWHQLHQGR SDUHV GH FDO]DGR <$<,6 /iPSDUDV 3KLOLSV SUR SOXVOLQH Z GH =DSDWRV GHSRUWLYR HVWXFKHV GH &' \ &' $$ GHO FRQWHQLHQGR SUHQ $$ GHO FRQWHQLHQGR 0R $$ GHO FRQWHQLHQGR FDUWRQHV GH SXURV FDMDV GH FDPELR VLQFURQL]DGRUHV GH GDV GH YHVWLU DSDUDWR HOpFWULFR SHUIXPHV WRU PDUFD SHUNLQ SLH]DV FRPSRQHQWHV FDMD GH FDPELR SDTXHWHV GH FLJDUULOORV SD VHW XQLGDGHV VHW XQLGDGHV SUHQGDV 1RWD OD VLJODV $$ TXLHUH GHFLU $FWD GH TXHWHV GH IyVIRURV XQLGDGHV GH NHOLQD GHVR GH YHVWLU FDUWHUDV JRUURV QDYLGHxRV SD DUDQGHODV VZLWFK MXHJRV GH DGKHVLYR $SUHKHQVLyQ DORQD PLQR[LGLO )XQGDV GH WRDOODV SD UHV GH FDO]DGR MXJXHWHV PRFKLODV DXGtIR ERFLQHV DURV ¿OWURV SXUL¿FDGRUHV UHV GH VDQGDOLD VREUHV GH WUDWDPLHQWR XQG QR IUHLGRUD EDWLGRUD YDVRV FRFWHOHUDV ¿QHV ¿OWURV SXUL¿FDGRUHV HPSDTXHV GH HVSXPDV SDUD SHOXTXHUtD IUDVFRV FRQ DFHLWH &38 PRQLWRU WHFKDGR OODYHURV SHTXHxRV WDSDV GH UDGLDGRU HPSDTXHV NLW GH HP FRQMXQWRV NLE\V SD PXMHU FRQMXQWRV GH LQWHULRU SDU GH JXDQWHV OLEUR UDGLR IUDVFRV GH SDTXHV GH PXMHU EUDVLHUV WDQJDV YLWDPLQDV $$ GHO FRQWHQLHQGR 3DQWD $$ GHO FRQWHQLHQGR SDUHV GH ORQHV GH GDPD \ FDEDOOHUR \ SUHQGDV GH YHVWLU =DSDWLOODV SDUHV GH ERWDV SDUHV GH ]DSDWRV

(FRQ 5DPLUR 8UUHVWD %XUEDQR 'LUHFWRU 'LVWULWDO 7XOFiQ 6HUYLFLR 1DFLRQDO GH $GXDQD GHO (FXDGRU

ēũ 2ũ5#-3 2ũ(-3#1- !(.- +#2ũ! 8#1.-ũ#-ũ5.+4,#-ũ#-ũ+.2ũÌ+3(,.2ũ .2ēũũ

fW i" bei fheXb[cWi Z[ Yec# jeh_WdW Z[ ;nfehjWZeh[i <[Z[n# f[j_j_l_ZWZ" \WbjW Z[ WYk[h# feh " feh ik fWhj[" [nfb_Y gk[ [b Wkc[dje Z[ bWi _cfehjW# Zei Yec[hY_Wb[iÇ$ Y_ed[i Z[ cWj[h_Wi fh_# ;b Yh[Y_c_[dje Z[ bWi cWi de _cfb_YW Wkc[d# _cfehjWY_ed[i" [d YWc# ũ je [d bWi [nfehjWY_ed[i" X_e" Æi[ Z[X[ Wb _dYh[# be gk[ _dZ_YW [i gk[ iebe c[dje Z[ bW Z[cWdZW +ũ"_$(!(3ũ"#ũ+ ũ kd i[Yjeh Z[ bW [Yedec W Z[ X_[d[i Z[ Yedikce" + -9 ũ!.,#1ı 1#ũ i[ X[d[ÒY_W" [d [ij[ YWie" [if[Y_Wbc[dj[ Z[ bW YbW# !( +ũ ũ2#/3(#, #2ũ,#-.1ũ#-ũ bei i[Yjeh[i gk[ kiWd Z[# i[ c[Z_W Yece h[ikbjW# ĊĊēĉďŘũ04#ũ#+ũ j[hc_dWZei fheZkYjei Ze Z[ cWoeh[i _d]h[iei" .ũ/ 2 ".ē fWhW fheZkYY_ d Z[ Yed# gk[ [d kdW fWhj[ j_[d[d ikce beYWb$ gk[ l[h Yed [b Wkc[dje I[] d 9^_h_Xe]W" [b _dYh[c[d# Z[b ]Wije f Xb_YeÇ" W WZ_ $ :[djhe Z[ bWi _cfehjWY_ed[i" je [d bWi _cfehjWY_ed[i Z[ cWj[# [b hkXhe c|i _cfehjWdj[ [i [b Z[ h_Wi fh_cWi Æ[ij| h[bWY_edWZe Wb Z[h_lWZei Z[ f[jh b[e$ ;d [ij[ ]Wije f Xb_Ye" Wb cWj[h_Wb gk[ i[ W e" i_d [cXWh]e" [d fh_c[h bk# h[gk_[h[ [d _dl[hi_ d fWhW YW# ]Wh i[ kX_YWd bWi _cfehjWY_ed[i hh[j[hWi" l_l_[dZW" fheo[Yjei Z[ _d\hW[ijhkYjkhW [b Yjh_YW" [djh[ Z[ cWj[h_Wi fh_cWi$ <[b_f[ H_XWZ[d[_hW" fh[i_# ejhei" Yece cWgk_dWh_W" jhWYje# Z[dj[ Z[ bW <[Z[hWY_ d ;YkW# h[i" l[^ Ykbei" [djh[ ejheiÇ$

"#( ŋ &#'#( ,6ŋ, -.,# #)( -ŋ * , ŋ0 "v /&)-ŋ )& !# ) } ũ ũěũ 9^_dW [b_c_dWh| h[i#

jh_YY_ed[i jWb[i Yece bW d[Y[i_# ZWZ Z[ [djhWh [d kd iehj[e fWhW eXj[d[h bW cWjh YkbW e bW fhe# ^_X_Y_ d Z[ Y_hYkbWh kd Z W W bW i[cWdW W Wgk[bbei YecfhWZe# h[i gk[ WZgk_[hWd kd l[^ Ykbe Z[ bei bbWcWZei [Yeb ]_Yei$ 9ed [ijWi c[Z_ZWi" [b ;`[Yk# j_le gk_[h[ fhecel[h bW YecfhW Z[ [ij[ j_fe Z[ Wkjec l_b[i o h[ZkY_h bW YedjWc_dWY_ d [d (+ ]hWdZ[i Y_kZWZ[i Z[b fW i$ ;d [b YWie Z[ F[a d" bei gk[ efj[d feh [ij[ j_fe Z[ l[^ Ykbei de j[dZh|d gk[ [if[hWh Wb iehj[e Z[ bWi cWjh YkbWi" gk[ ^W bb[lWZe W Wb]kdei W [if[hWh c[i[i ^WijW eXj[d[h ik f[hc_ie" be YkWb" WZ[#

c|i" ^W c[hcWZe bWi l[djWi Z[ bWi ]hWdZ[i ÒhcWi$ 7i_c_ice o" i[] d bWi Wkje# h_ZWZ[i" bWi \WY_b_ZWZ[i fWhW bW WZgk_i_Y_ d Z[ [ijei YeY^[i _h| WYecfW WZW Z[ kdW YWcfW W Z[ _dijWbWY_ d Z[ fk[ijei Z[ h[YWh]W [d bWi Y_kZWZ[i WZ^[h_# ZWi Wb fbWd" gk[ fbWd[Wd j[d[h c|i Z[ '&$&&& Z[ h[YWh]W [d jejWb fWhW (&(&$ I[] d [ij[ c_ice fbWd" fWhW [i[ W e ^WXh| ,+ c_bbed[i Z[ l[^ Ykbei [Yeb ]_Yei" bW c_# jWZ Z[b jejWb [ij_cWZe [d 9^_dW fWhW [djedY[i" feh be gk[ Z[iZ[ [b ;`[Ykj_le Yedi_Z[hWd Yece kdW Æ_cfehjWdj[ fh_eh_ZWZÇ bW Wfk[ijW feh [d[h] Wi b_cf_Wi$


,#)ŋ )(.#ąŋ (/ 0)ŋ")' , ŋ / ,. ŋ ŋ . &# .-3(ũ#2/#1 ũ2 ı -# 1ũ+ ũ2(34 !(¢-ũ ă- -!(#1 ũ(3 +( - ũ 8ũ1#3., 1ũ#+ũ !1#!(,(#-3.

Ĕũ Ĕũ ũũěũ ;b [nYec_iWh_e

[khef[e CWh_e Cedj_" Z[ ,. W ei" [dYWh]WZe Z[ \ehcWh [b dk[le =eX_[hde [d ?jWb_W" Z_`e Wo[h gk[ [b eX`[j_le \kdZWc[d# jWb Z[ ik \kjkhe ]WX_d[j[" gk[ [if[hW \ehcWh [d j_[cfe Xh[l[" i[h| ÆiWd[Wh bW i_jkWY_ d ÒdWd# Y_[hW o h[jecWh [b YWc_de Z[b Yh[Y_c_[djeÇ$ Cedj_ ^_pe [ijWi Z[YbWhWY_e# d[i feYei c_dkjei Z[ifk i Z[ gk[ [b fh[i_Z[dj[ Z[ bW H[f Xb_# YW" =_eh]_e DWfeb_jWde" b[ [dYWh# ]WhW \ehcWh kd dk[le =eX_[hde gk[ ikij_jkoW Wb fh[i_Z_Ze feh [b Z_c_i_edWh_e I_bl_e 8[hbkiYed_$ Æ?jWb_W Z[X[ lebl[h W iWd[Wh ik [Yedec W o [cfh[dZ[h Z[ dk[#

8ũ04#ũ5.+5#1ũ ũ 2 -# 1ũ+ ũ#!.-.,~ ũ8ũ #,/1#-"#1ũ"#ũ-4#5.ũ #+ũ! ,(-.ũ"#+ũ!1#!(,(#-3.Ħ le [b YWc_de Z[b Yh[Y_c_[dje$ ;i Wb]e gk[ Z[X[cei W dk[ijhei ^_# `ei" W gk_[d[i j[d[cei gk[ ZWh kd \kjkhe YedYh[je Z[ Z_]d_ZWZ o [if[hWdpWÇ" Z_`e Cedj_ Yed jede ieb[cd[ [ _dij_jkY_edWb [d ik fh_c[hW YecfWh[Y[dY_W Wdj[ bW fh[diW$ 7 WZ_ gk[ ?jWb_W" Æ[d [ij[ cec[dje Z[ fWhj_YkbWh Z_ÒYkb# jWZÇ" Z[X[ l[dY[h Æ[b Z[iW\ e Z[b h[iYWj[ o j_[d[ gk[ lebl[h W i[h [b[c[dje Z[ \k[hpW Z[ kdW K; Z[ bW gk[ ^[cei i_Ze \kd# ZWZeh[i o Z[ bW gk[ Z[X[cei i[h fhejW]ed_ijWiÇ$ Cedj_ W]h[] gk[ ik eX`[j_le [i iWd[Wh bW i_jkWY_ d ÒdWdY_[hW o h[Ykf[hWh [b Yh[Y_c_[dje" Æ[d kd cWhYe Z[ YedijWdj[ Wj[dY_ d W bW [gk_ZWZ ieY_WbÇ" o W WZ_ gk[ ?jWb_W Z[X[ be]hWhbe Yed kd [i\k[hpe Yec d$

3(2$ !!(¢-ũ #-ũ+ ũ

ŏ āąŏ ŏ ŏ ŏĂĀāāŏ ŏ +. Čŏ

ŗũũ ũ -(¢-ũ 41./# ũ2 +4"¢ũ+ ũ

"#2(%- !(¢-ũ 8#1ũ"#+ũ#7!.,(2 1(.ũ #41./#.ũ 1(.ũ .-3(ũ/ 1 ũ$.1, 1ũ 4-ũ-4#5.ũ%. (#1-.ũ(3 +( -.ũ8ũ "5(13(¢ũ 04#ũ2#%4(1;ũ5(%(+ -".ũ+ ũ /+(! !(¢-ũ "#ũ1#$.1, 2ũ/ 1 ũ!., 3(1ũ+ ũ!1(2(2ũ "#ũ+ ũ"#4" ē +ũ/1#2("#-3#ũ"#ũ+ ũ .,(2(¢-ũ 41./# Ĕũ .2_ũ -4#+ũ 11.2.Ĕũ8ũ#+ũ /1#2("#-3#ũ"#ũ+ ũ Ĕũ #1, -ũ -ũ .,/48Ĕũ"#!+ 1 1.-ũ04#ũ+ ũ"#!(2(¢-ũ "#+ũ/1#2("#-3#ũ(3 +( -.ũ (.1%(.ũ /.+(3 -.ũ"#ũ#-! 1% 1ũ ũ .-3(ũ+ ũ $.1, !(¢-ũ"#ũ4-ũ%. (#1-.ũġ#2ũ4- ũ -4#5 ũ2# +ũĸēēēĹũ"#ũ+ ũ"#3#1,(- ı !(¢-ũ"#ũ+ 2ũ 43.1(" "#2ũ(3 +( - 2ũ"#ũ 24/#1 1ũ+ ũ !34 +ũ!1(2(2Ģē

Ĉ

/.8.ũ"#+ũ

;b fWhj_Ze Z[ I_bl_e 8[hbkiYed_" [b Fk[Xbe Z[ bW B_X[hjWZ F:B " Wfeo Wo[h bW \ehcWY_ d Z[ kd =eX_[hde j Yd_Ye Z[ jhWdi_Y_ d b_Z[hWZe feh [b [Yedec_ijW _jW# b_Wde o [nYec_iWh_e [khef[e CWh_e Cedj_" jhWi bW Z_c_i_ d Z[ Wo[h Z[ È?b 9WlWb_[h[É$ Æ>[cei ZWZe dk[ijhW Z_ife# d_X_b_ZWZ o Yedi[dieÇ W Yed\[h_h [b [dYWh]e Z[ \ehcWh kd =eX_[h# de W CWh_e Cedj_" Z_`e [b i[Yh[jW# h_e ][d[hWb Z[b fWhj_Ze" 7d][b_de 7b\Wde" jhWi [djh[l_ijWhi[ Yed [b fh[i_Z[dj[ Z[ bW H[f Xb_YW _jW# b_WdW" =_eh]_e DWfeb_jWde$ DWfeb_jWde _d_Y_ Wo[h bWi

¡ ēũ +ũ#7!.,(2 1(.ũ#41./#.ũ 1(.ũ .-3(ũ' + ũ!.-ũ+ ũ/1#-2 ũ31 2ũ24ũ 1#4-(¢-ũ!.-ũ#+ũ/1#2("#-3#ũ"#ũ+ ũ #/Ì +(! Ĕũ (.1%(.ũ /.+(3 -.ēũ

i[]k_h| [d feb j_YW o gk[ h[Ze# XbWh| iki [i\k[hpei [d [b FWh# bWc[dje o [d bWi _dij_jkY_ed[i fWhW h[delWh [b fW i$ 8[hbkiYed_ ^_pe [ijWi cW# d_\[ijWY_ed[i [d kd c[diW`[ ]hWXWZe Z[ j[b[l_i_ d" [d [b gk[ [nfh[i ik Æjh_ij[pWÇ feh bei WjW# gk[i [ _dikbjei gk[ Wo[h b[ Z[Z_# #%4(1;ũ#-ũ/.+~3(! I_bl_e 8[hbkiYed_ WÒhc Wo[h YWhed c_b[i Z[ _jWb_Wdei [d HecW gk[ ^W Z_c_j_Ze feh Æi[dj_Ze YkWdZe i[ Z_h_] W W fh[i[djWh ik Z[ ;ijWZe o Z[ h[ifediWX_b_# Z_c_i_ d Wdj[ [b @[\[ Z[b ;ijWZe" ZWZÇ ^WY_W ?jWb_W o WdkdY_ gk[ =_eh]_e DWfeb_jWde$ YedikbjWi Yed bWi \k[hpWi feb j_# YWi Z[b fW i fWhW \ehcWh kd dk[# le ;`[Ykj_le" o [b F:B Z[ 8[hbki# Yed_ \k[ [b bj_ce Z[ bei fWhj_Zei Yed h[fh[i[djWY_ d fWhbWc[djW# h_W [d [nfed[h ik feijkhW h[i# f[Yje W kd =eX_[hde Z[ Cedj_$


ĉ

ŏ āąŏ ŏ ŏ ŏĂĀāāŏ ŏ +. Čŏ

/' & Ćŋ 0# *, -# (. ŋ Ē()ŋ* ,. ( ŋ &ŋ $ /.#0)ē Ĕũ ũě ;b fh[i_Z[dj[ f[hkWde EbbWdjW >kcWbW ieijkle gk[ ik feb c_Ye l_Y[fh[i_Z[dj[ EcWh 9^[^WZ[" WYkiWZe Z[ fh[ikdje jh|ÒYe Z[ _dÓk[dY_Wi" oW Z_e kd fWie Wb YeijWZe o de f[hj[d[Y[ Wb ;`[Ykj_le" _d\ehc Wo[h [b Z_Wh_e ;b 9ec[hY_e$ ÆFWhW c oW Z_e kd fWie Wb Yei#

ũ

jWZe" deiejhei ^[cei i[ WbWZe gk[ be gk[ c|i b[ Yedl[dZh W [i ZWh kd fWie Wb YeijWZe o [ie [i be gk[ ^W ^[Y^e 9^[^WZ[ Ç" Z_`e [b CWdZWjWh_e [d kdW [djh[l_ijW Z[i# Z[ >WmW_" Wb cWh][d Z[ bW YkcXh[ Z[b <ehe Z[ 9eef[hWY_ d ;Yed # c_YW 7i_W FWY ÒYe 7F;9 $ ;b l_Y[fh[i_Z[dj[ EcWh 9^[# ^WZ[ WdkdY_ [b cWhj[i bj_ce gk[ Æde [`[hY[h| iki \kdY_ed[iÇ" be gk[ [gk_lWb[ W kdW b_Y[dY_W" c_[djhWi Zkh[d bWi _dl[ij_]WY_e# d[i Z[ bW <_iYWb W o Z[b 9ed]h[ie ieXh[ kd [iY|dZWbe Z[ jh|ÒYe Z[ _dÓk[dY_Wi$ Æ 9^[^WZ[ De f[hj[d[Y[ Wb ;`[Ykj_le" feh be jWdje deiejhei de j[d[cei d_d]kdW h[bWY_ d Yed b [d [ijei cec[djeiÇ" Z_`e [b @[\[ Z[b ;ijWZe i_d [djhWh [d Z[jWbb[i$ BW f[h_eZ_ijW b[ fh[]kdj Wb CWdZWjWh_e i_ 9^[^WZ[ b[ fh[# i[dj ik h[dkdY_W Wb YWh]e$ ÆH[# f_je [i kd YWie Y[hhWZe" i[ b[ f_# Z_ gk[ Z_[hW kd fWie Wb YeijWZe o Z_e kd fWie Wb YeijWZeÇ$

#(ŋ/(ŋ #-* ,)ąŋ 0 & -ŋ ,#) -ŋ -)(ŋ )(.,)& -

¡ ēũ -ũ(,/1#2(.- -3#ũ./#1 3(5.ũ,.-3 1.-ũ/.+(!~ 2ũ8ũ,(+(3 1#2ēũ

41 -3#ũĊćũ .2ũ#1 ũ4-ũ3#11(3.1(.ũ2(-ũ $4#19 ũ/Ì +(! Ĕũ".,(- ".ũ/.1ũ -ı " 2ũ"#ũ- 1!.31 ă! -3#2ē ũ } ũ ũ Ĕũ Ĕũ ũěũ BW Fe#

ēũ , 1ũ '#' "#ũ' ũ2(".ũ!4#23(.- ".ē

b_Y W C_b_jWh Z[ H e Z[ @Wd[_he eXjkle Wo[h [b Yedjheb jejWb Z[ bW \Wl[bW HeY_d^W" bW cWoeh Z[ 8hWi_b o [d cWdei Z[b dWhYe# jh|ÒYe feh )& W ei" jhWi kdW ef[hWY_ d gk[ Yec[dp [d bW cWZhk]WZW Z[ Wo[h Yed Wfe# oe Z[ Xb_dZWZei o i_d Z_ifWhWh kd iebe j_he$ JhWi [b ef[hWj_le" kdei '$&&& l[Y_dei WYecfW Whed kdW Y[h[ced_W _cfhel_iWZW fWhW _pWh bW XWdZ[hW Z[ 8hW# i_b [d kd fkdje Y djh_Ye Z[ bW ]_]Wdj[iYW XWhh_WZW" fWhW i_cXeb_pWh bW h[Ykf[hWY_ d Z[ [ij[ j[hh_jeh_e [d cWdei Z[b Yh_c[d$ ;d kd WijW _cfhel_iWZW" he# Z[WZW feh kdW cWhW W Z[ YW# Xb[i [b Yjh_Yei" bei e\_Y_Wb[i Z[b 8WjWbb d Z[ Ef[hWY_ed[i ;if[# Y_Wb[i 8EF; [dWhXebWhed [d# jh[ l jeh[i [b fWX[bb d dWY_edWb o bW XWdZ[hW Z[b [ijWZe Z[ H e Z[ @Wd[_he$ ÆHeY_d^W" HeY_d^W" He# Y_d^WÇ" h[f[j Wd bei cehW# Zeh[i [ceY_edWZei$

234"( -3#2ũũ - +(9 -ũ /1./4#23 2ũ.ă!( +#2

ŗũũũ

:Ĕũ ũě C|i Z[ ($&&& [ijkZ_Wdj[i YebecX_Wdei _d_Y_Whed Wo[h [d 8e]ej| bW Z_iYki_ d Z[ bW fhefk[ijW gk[ b[i ^_pe [b fh[i_Z[dj[ @kWd CWdk[b IWdjei fWhW gk[ fed# ]Wd Òd W bW ^k[b]W dWY_edWb kd_l[hi_jWh_W gk[ [cfh[dZ_[#

7 bW Y[h[ced_W Wi_ij_[hed h[# fh[i[djWdj[i Z[ bWi ejhWi \k[hpWi Z[b ehZ[d gk[ fWhj_Y_fWhed Z[ bW jecW feb_Y_Wb Z[ [ijW fefkbeiW \Wl[bW Z[ '(&$&&& ^WX_jWdj[i" kX_YWZW [d [b YehWp d Z[ bei XW# hh_ei h_Yei Z[ bW Y_kZWZ$ /#1 3(5.

;d [b ef[hWj_le" gk[ Yec[d# p [d bW cWZhk]WZW &0&& Z[ ;YkWZeh o Yedj Yed [b Wfeoe Z[ Xb_dZWZei Z[ bW CWh_dW" jWc# X_ d \k[hed eYkfWZWi bWi \Wl[bWi Z[ L_Z_]Wb o 9^|YWhW Ze 9[k$ ÆDe ^kXe d_d] d _dY_Z[dj[" d_ kd j_he Z_ifWhWZeÇ" Y[b[Xh 7bX[hje F_d^[_he D[je" `[\[ Z[b [ijWZe cWoeh Z[ bW FC Wb Wdkd# Y_Wh [b n_je Z[ bW c_i_ d$ ;b ]eX[hdWZeh Z[b [ijWZe Z[ H e Z[ @Wd[_he" I[h]_e 9WXhWb" \[# b_Y_j W bei Yk[hfei Z[ i[]kh_ZWZ [ _dZ_Y gk[ _d\ehc W bW fh[i_# Z[djW :_bcW Hekii[õ ieXh[ [b n_je Z[ bW ef[hWY_ d$ Æ;ijWcei h[iYWjWdZe fWhW [ijW feXbWY_ d gk[ d[Y[i_jW fWp" fWhW Yh_Wh W iki ^_`ei [d fWp" f[hiedWi gk[ gk_[h[d l_l_h Yed hed ^WY[ YkWjhe i[cWdWi$ BW e\[hjW fh[i_Z[dY_Wb" XWiWZW [d [b h[j_he Z[b fheo[Yje Z[ h[\ehcW Wb i[Yjeh gk[ [b ;`[# Ykj_le bb[l Wb 9ed]h[ie o gk[ \k[ \ehcWb_pWZe [b l_[hd[i" eYkfW W bW bbWcWZW C[iW 7cfb_W DWY_edWb ;ijkZ_Wdj_b CWd[ $

#1.+~-# 2ũ 1%#-3(- 2ũ 242/#-"#-ũ54#+.2

ŗũ ũũ ũ ũĸ Ĺũěũ 7[he# b d[Wi 7h][dj_dWi ikif[dZ_

-"# ũ -"#1 ũ 1 2(+# ŗũũ

-3#2ũ"#ũ(9 1ũ+ ũ -"#1 ũ 1 2(ı +# Ĕũ5#!(-.2ũ.-"# -ũ -"#1 2ũ + -! 2ũ"#2"#ũ242ũ! 2 2ē .2ũ#$#!3(5.2ũ"#+ũ ũ8ũ"#+ũ 3 ++¢-ũ "#ũ /#1 !(.-#2ũ"#ũ '.04#ũ 5 -9 ı 1.-ũ#-ũ+ ũ.2!41(" "ũ/.1ũ+ 2ũ2.+(3 1( 2ũ ! ++#)4#+ 2Ĕũ#2!.+3 ".2ũ "#,;2ũ/.1ũ #+ũ54#+.ũ1 2 -3#ũ"#ũ31#2ũ'#+(!¢/3#1.2ē ġ ũ++#% " ũ"#ũ+ ũ ũĸ -(" "ũ"#ũ .+(!~ ũ !(ă! ".1 Ĕũ!4#1/.ũ!1# ".ũ #-ũ#+ũ, 1!.ũ"#ũ+ 2ũ.!4/ !(.-#2ũ"#ũ + 2ũ$ 5#+ 2Ĺũ5 ũ ũ2#1ũ/.2(3(5 ũ/ 1 ũ + 2ũ-4#5 2ũ%#-#1 !(.-#2ũ/ 1 ũ04#ũ 2#ũ ! #ũ#+ũ- 1!.31;ă!.ĢĔũ#7/1#2¢ũ 1+.2ũ + #13.Ĕũ"#ũĎĈũ .2ũ8ũ5#!(-.ũ "#ũ .!(-' ē

Z_]d_ZWZ o YkWbgk_[h WYY[ie W bW l_ZW Z_]dW fWiW feh bW fWpÇ" _d# Z_Y [b h[ifediWXb[$ +".

BW feb_Y W Z[Yec_i ') \ki_b[i" '& cehj[hei" kdW ]hWdWZW" ckd_Y_e# d[i" c_hWi j[b[iY f_YWi o cejei" WZ[c|i Z[ kdei '+& a_bei Z[ cW# h_^kWdW$ KdW f[hiedW \k[ Whh[i# jWZW" Wkdgk[ feh W^ehW de i[ h[bW# Y_edW Yed bei (&& dWhYei gk[ bWi Wkjeh_ZWZ[i [ij_cWd i_]k[d [d bW \Wl[bW o gk[ de \k[hed Wfh[iWZei$ [b fWiWZe i|XWZe jeZei iki lk[bei _dj[hdWY_edWb[i gk[ fWhj[d Z[iZ[ [b W[hefk[hje Z[ ;p[_pW" [b fh_dY_fWb Z[ 7h][dj_dW" feh kdW fhej[ijW Z[b i_dZ_YWje Z[b f[hiedWb j Yd_Ye W[hed|kj_Ye$ ÆJeZei bei lk[bei _dj[hdWY_edWb[i Z[ 7[heb d[Wi 7h][dj_dWi Wb c[dei ZkhWdj[ [b Òd Z[ i[cWdW ^Wd i_Ze ikif[dZ_# ZeiÇ" YedÒhc [b i[Yh[jWh_e Z[ JhWdifehj[ Wh][dj_de" @kWd FWXbe IY^_Wl_$


)')0#&# ŋ! ( ŋ. ,, ()

ŏ āąŏ ŏ ŏ ŏĂĀāāŏ ŏ +. Čŏ

2ũ/#12.- 2ũ2#ũ#23;-ũ(-,(2!48#-".ũ ! " ũ5#9ũ,;2ũ#-ũ+ ũ,.5(+(" "ũ2.23#-(ı +#ũ/ 1 ũ"(2,(-4(1ũ+ ũ!.-3 ,(- !(¢-ē YWf_jWb Z[ kd fW i \Wceie feh iki [nY[b[dj[i Wkjec l_b[i 7b[cW# d_W " f[he oW de iefehjW [b cWd# j[d_c_[dje Z[ bWi YWbb[i" o iki ^WX_jWdj[i kiWd YWZW l[p c|i [b jhWdifehj[ f Xb_Ye" bW X_Y_Yb[jW o" ieXh[ jeZe" iki fhef_ei f_[i$ ;ijW de [i bW d_YW Y_kZWZ$ FWh i" Jea_e" I[ b" 8e]ej|" Dk[# lW Oeha o ejhWi ]hWdZ[i khX[i de fk[Z[d ^WY[h \h[dj[ W bei Yeijei" bW YedjWc_dWY_ d" [b hk_# Ze o bW Yed][ij_ d Z[ c|i o c|i Wkjec l_b[i" feh be gk[ [ij|d [nfbehWdZe kd j[hh_jeh_e dk[le" bW È[Yecel_b_ZWZÉ" e cel_b_ZWZ ieij[d_Xb[0 [b jhWdifehj[ i_d l[# ^ Ykbei fWhj_YkbWh[i$ ÆBW [Yecel_b_ZWZ de [i iebe YWc_dWh" f[ZWb[Wh e kiWh [b jhWdifehj[ f Xb_Ye$ I[ jhWjW Z[ gk[ [iei i_ij[cWi \kdY_ed[d `kd# jei0 bW YbWl[ [i bW Yed[Yj_l_ZWZÇ"

[nfb_Y [b YebecX_Wde =k_bb[hce F[ WbeiW" [nZ_h[Yjeh Z[ fWhgk[i o h[Yh[WY_ d Z[ 8e]ej|" W bei Wi_ij[dj[i Wb Yed]h[ie ;YeCeX_# b_jo 9^Wd]med (&''" Y[b[XhWZe [d eYjkXh[ [d [ijW Y_kZWZ Z[ bW YeijW ikZ[ij[ Z[ 9eh[W Z[b Ikh$ #).1 2

I[] d bW [Yecel_b_ZWZ" bWi f[hie# dWi o bei X_[d[i i[ fk[Z[d jhWi# bWZWh [d pedWi khXWdWi Yed kdW YecX_dWY_ d Z[ c[Z_ei0 Z[iZ[ YWc_dWh o f[ZWb[Wh ^WijW kiWh X_Y_Yb[jWi [b Yjh_YWi" fWj_d[i Z[ hk[ZWi" jhWdifehj[ f Xb_Ye o l[^ # Ykbei [b Yjh_Yei b_][hei$ BW _Z[W [i XkiYWh \ehcWi c|i XWhWjWi" [\[Yj_# lWi o ikij[djWXb[i Z[ jhWdifehj[$ ÆBWi Y_kZWZ[i Z[X[d fh[eYk# fWhi[ c|i feh cel[h W bW ][dj[ gk[ feh cel[h l[^ YkbeiÇ" ef_d Ij[f^[d OWhmeeZ" WbYWbZ[ Z[ bW WkijhWb_WdW 7Z[bW_Z[$

ēũ 23.2ũ -(, +#2ũ2.-ũ,48ũ /#3#!(".2ũ/.1ũ#+ũ,#1! ".ũ 2(;3(!.Ĕũ#2/#ı !( +,#-3#ũ/.1ũ24ũ! 1-#ēũ

# (ŋ/(ŋ , (. ŋ (ŋ (- ŋ ŋ && ( ũ Ĕũ ^ ěũ C|i

Z[ ,& eh]Wd_pWY_ed[i WcX_[djW# b_ijWi Z[ 7c h_YW BWj_dW o [b 9W# h_X[ ieb_Y_jWhed W bei ]eX_[hdei Z[ bW h[]_ d kdW WYY_ d Z_fbe# c|j_YW fWhW \h[dWh bW j[cfehWZW Z[ YWpW Z[ XWbb[dWi gk[ _d_Y_Wh| @Wf d [d [b eY Wde 7kijhWb$ ;b fW i Wi_|j_Ye _d_Y_Wh| [d Z_# Y_[cXh[ kdW dk[lW YWY[h W Z[ Y[# j|Y[ei Wkjeh_pWZW Yece Y_[dj ÒYW" f[he gk[ j[dZh W Òd[i [Yed c_Yei de f[hc_j_Zei Z[iZ[ gk[ bW 9ec_# i_ d 8Wbb[d[hW ?dj[hdWY_edWb fkie [d l_]eh bW ikif[di_ d Z[ bW YWpW Yec[hY_Wb" [d '/.,$

.%1 1ũ#+ũ/1./¢2(3.

Bei [Yebe]_ijWi XkiYWd gk[ [b =hkfe 8k[dei 7_h[i" _dj[]hW# Ze feh bei ]eX_[hdei Z[ '* fW # i[i Z[ bW h[]_ d" i[ fhedkdY_[ ieXh[ be gk[ Yedi_Z[hWd [i kd Wjhef[bbe$ Æ;ij[ f[Z_Ze j[dZh| h[ifk[i# jW fei_j_lW Z[b ]eX_[hde Wh][dj_# de o" W jhWl i Z[b =hkfe 8k[dei 7_h[i" BWj_deWc h_YW i[]k_h| [nfh[iWdZe ik Òhc[ efei_Y_ d W [ijWi ef[hWY_ed[iÇ" Z_`e bW WY# j_l_ijW Z[b ?dij_jkje Z[ 9edi[h# lWY_ d Z[ 8Wbb[dWi Z[ 7h][dj_# dW" HenWdW IY^j[_dXWh]$

ēũ -ũ!(#13.2ũ+4% 1#2ũ"#+ũ,4-".ũ' 8ũ2(3(.2ũ"#23(- ".2ũ/ 1 ũ +04(+ 1ũ (!(!+#3 2ē

;b jhWdifehj[ Wkjecejeh [i h[ifediWXb[ Z[ Whhe`Wh W bW Wj# c i\[hW [djh[ (+ o )& Z[ bei ]Wi[i Z[ [\[Yje _dl[hdWZ[he$ Bei YeY^[i o bWi cejeY_Yb[jWi ied Z[ b[`ei bW cWoeh \k[dj[ Z[ Z_ n_Ze Z[ YWhXede feh a_b c[# jhe o feh f[hiedW" Z_`e CWd\h[Z 8h[_j^Wkfj" Z_h[Yjeh Z[ Fheo[Yje JhWdifehj[ KhXWde Ikij[djWXb[$

.,/+(! ".ũ"#ũ/1 !3(! 1ũ ũũ "./3 1ũ+ ũ("# ũ"#ũ+ ũ#!.,.5(+(" "ũ#2ũ"($~!(+Ĕũ2.2345.ũ #.,ũ #ũ .4-%Ĕũ +ı ŗ! +"#ũ"#ũ 46.-Ĕũ4- ũ!(4" "ũ2(34 " ũ#-ũ+ 2ũ!#1! -~ 2ũ"#ũ #Ì+ũĸ .1# ũ"#+ũ 41Ĺēũ

ġ .2ũ!(4" " -.2ũ"# #-ũ!.-.!#1+ Ĕũ8ũ+.2ũ!.,/1.,(2.2ũ"#+ũ%. (#1-.ũ"# #-ũ2#1ũ !+ 1.2ĢĔũ ă1,¢ũ#+ũ$4-!(.- 1(.ũ -3#ũ+.2ũ/ 13(!(/ -3#2ũ"#+ũ!.-%1#2.ē .ũ3." ũ+ ũ%#-3#ũ !#/3 1;ũ+.2ũ(-!.-5#-(#-3#2Ĕũ/#1.ũ#+ũ/Ì +(!.ũ /.8 1;ũ+.2ũ ! , (.2ũ2(ũ#-3(#-"#ũ04#ũ2.-ũ/.1ũ4-ũ (#-ũ, 8.1ēũġ .ũ/."#,.2ũ!#11 1ũ+.2ũ.).2ũ +ũ"#2 $~.ũ"#+ũ! , (.ũ!+(,;3(!.ĢĔũ!.-!+48¢ē

!,# /&./, ŋ+/ ŋ*, - ,0

ũ Ĕũ ũ ěũ Kd fheo[Yje XWiWZe [d bW fbWdjWY_ d Z[ |h# Xeb[i [d |h[Wi Ykbj_lWZWi fhe# fed[ ][d[hWh kdW W]h_YkbjkhW Yed XW`e Yedikce Z[ W]kW o i_d W]hegk c_Yei [d Zei pe# dWi hkhWb[i Z[b ikh[ e [ijWZe Z[ IWe FWkbe" [d 8hWi_b$ 9ed [b Òd Z[ fh[i[hlWh [b WcX_[dj[" bei W]h_Ykbjeh[i Z[iWhhebbWhed kdW j Yd_YW [d bW gk[ [b fh_dY_fWb \WYjeh [i bW fbWdjWY_ d Z[ |hXeb[i [d c[Z_e Z[ bWi i_[cXhWi" gk[ WYWXW Z[ eXj[d[h [b fWjheY_# d_e Z[ bW [cfh[iW f[jheb[hW [ijWjWb F[jheXhWi$

/1.5#!' ,(#-3.ũ

;b fheo[Yje È<hkjei Z[ bW W]he# Óeh[ijWÉ [i h[ikbjWZe Z[ bW kd_ d [djh[ bW 7ieY_WY_ d Z[ 7]h_Ykb# jeh[i 7]he\eh[ijWb[i Z[ bW 8WhhW Ze Jkhle o 9eef[hWÓeh[ijW" [d [b lWbb[ Z[b h e H_X[_hW$ ÆBW iecXhW Z[ bei |hXe# b[i fh[i[hlW bW ^kc[ZWZ Z[b

ēũ .-ũ+ ũ 84" ũ"#ũ+.2ũ;1 .+#2ũ2#ũ%#-#1 ũ,#).1ũ/1."4!!(¢-ũ8ũ,#-.ı 1#2ũ!.23.2ē

ik[be o h[ZkY[ bW d[Y[i_ZWZ Z[ h_[]e" c_[djhWi iki hW Y[i fhe# fehY_edWd bei dkjh_[dj[i d[Y[# iWh_ei" [l_jWdZe bW d[Y[i_ZWZ Z[ W]hegk c_YeiÇ" [nfb_Y F[Zhe Eb_l[_hW Z[ IekpW" fh[i_Z[dj[ Z[ 9eef[hWÓeh[ijW$

Bei fhecejeh[i Wif_hWd YecfWhj_h bei YedeY_c_[djei Z[ bei W]h_Ykbjeh[i beYWb[i W jeZe [b fW i" c[Z_Wdj[ Ykhiei fh|Yj_Yei Yed bei fWhj_Y_fWdj[i [d bWi fhef_[ZWZ[i gk[ oW Wfb_# YWd [ijW j Yd_YW$

^ ũě 8[hb d [i kdW ]hWd

Ċ


#5#+ -ũ 242ũ2#!1#3.2ũ

āĀ

0%!),+ (! 01. āĆŏ)%*ċ

ŏāąŏ ŏ ŏ ŏĂĀāā ŏ +. ŏŏ

.'-ũ #--.-

ġ +ũ,;2ũ!.,/+#).ũ"#ũ+.2ũ!4 31.ĢĔũ 4-ũ3(/.ũ04#ũ/."~ ũ2#1ũ3 -ũ ".1 +#ũ !.,.ũ."(.2.Ĕũ2#%Ì-ũ ,#1(!*ē

4+ũ ! 13-#8

ġ 1 ũ#+ũ,Ì2(!.ũĥ/41.Ħũ"#ũ .2ũ # 3+#2Ģũ8ũ#+ũ,(#, 1.ũ04#ũ ,#1(!*ũ ,;2ũ /1#!( ũ8ũ1#2/#3 ēũ

ă+ " ũ,#,.1( ũ"#+ũ(-%#-(#1.ũ"#ũ+.2ũ !4 31.ũ,Ì2(!.2ũ!4#-3 ũ!.2 2ũ.!4+3 2ũ "#ũ#++.2ũ#-ũ4-ũ+( 1.ēũ Ĕũ ũěũ 9kWdZe jeZe ieXh[ bW ^_ijeh_W Z[ Bei 8[Wjb[i fWh[Y W ^WX[h i_Ze oW YedjWZe" =[eõ ;c[# h_Ya" [b _d][d_[he Z[ ied_Ze gk[ WokZ Wb ]hkfe W Yh[Wh iki eXhWi cW[ijhWi [d [b [ijkZ_e Z[ ]hWXW# Y_ d" ^W Z[il[bWZe bei bj_cei i[# Yh[jei Z[ bei È<WX <ekhÉ [d kd b_Xhe gk[ i[ fkXb_YW W^ehW [d [ifW eb$ ;c[h_Ya BedZh[i" '/*, h[# Yedijhko[ [d È;b ied_Ze Z[ bei 8[Wjb[iÉ ?dZ_Y_ei " bei fheY[iei Yh[Wj_lei Z[ bei |bXkc[i \kdZW# c[djWb[i Z[b ]hkfe" f[he WZ[c|i e\h[Y[ kd h[jhWje Z[iYWhdWZe Z[ bei YkWjhe c i_Yei o Z[ iki h[bW# Y_ed[i f[hiedWb[i$ ;b _d][d_[he Z[ ied_Ze \k[ j[ij_]e Z_h[Yje Z[b fheZ_]_eie Wi# Y[die o [ijh[f_jeiW Z_i]h[]WY_ d Z[ Bei 8[Wjb[i Z[iZ[ ik fk[ije [d bW iWbW Z[ c|gk_dWi Z[ bei [ijkZ_ei bedZ_d[di[i Z[ 7XX[o HeWZ" ZedZ[ fWhj_Y_f [d '/,( [d bW ]hWXWY_ d Z[ ÈBel[ c[ ZeÉ" [b fh_c[h i_d]b[ Z[b ]hkfe" YkWd# Ze Wf[dWi j[d W ', W ei$

(2#!!(¢-ũ"#ũ/#12.- +(" "#2

#.1%#ũ 11(2.-

ġ 1#!~ ũ2#-3(12#ũ 31 / ".ũ/.1ũ+ ũ $ , ũ8ũ"#11.3 ".ũ/.1ũ#+ũ3 +#-3.ũ"#ũ ! 13-#8ũ8ũ #--.-ĢĔũ8ũ-.ũ345.ũ 4#- ũ04~,(! ũ!.-ũ ,#1(!*ēũ

#(- ũ"#ũ 2,#1 +" 2ũ

ŗũ ũũ7 bWi &'0(& Z[b Zec_d]e" @e^WddW Ehj_p 9[Z[ e \k[

Z[i_]dWZW Yece bW fh_# c[hW h[_dW Z[ bW Fhel_dY_W ;ic[hWbZWi$ BW WjWYWc[ W" 7h_WdW HWcei" [i bW l_hh[_dW1 c_[djhWi gk[ bW I[ eh_jW FWjhedWje [i bW h[fh[i[djWdj[ Z[b YWdj d H_el[hZ[" Pkb[cW FhWZe$ũ

(-%.ũ 3 11

ġ (#,/1#ũ#23 ũ#-ũ%4 1"( ũ8ũ/.1ũ #2.ũ#-31#ũ-.2.31.2ũ' ~ ũ4-ũ,41.ũ /#12.- +ũ04#ũ-4-! ũ!.-2#%4~ũ $1 -04# 1ĢĖũ ,#1(!*ēũ

7gk[bbW \|Xh_YW Z[ ik[ ei cki_# YWb[i WfWh[Y[ Yece kd bk]Wh \h e" eiYkhe o Z[fh_c[dj[ [d [b h[bWje Z[ic_j_\_YWZeh Z[b Wkjeh" YkoW WÒbWZW c[ceh_W Z_i[YY_edW i_d f_[ZWZ bWi f[hiedWb_ZWZ[i Z[ bei YkWjhe 8[Wjb[i o Z[ ik fheZkYjeh Whj ij_Ye" =[eh][ CWhj_d" c[djeh Z[ ;c[h_Ya o `[\[ Z_h[Yje ikoe [d 7XX[o HeWZ$ FWkb CY9Whjd[o Æ[hW [b c # i_Ye ÈfkheÉ Z[ Bei 8[Wjb[iÇ o [b c_[cXhe Z[b ]hkfe feh [b gk[ ;c[h_Ya ck[ijhW kd cWoeh h[i# f[je fhe\[i_edWb o Wfh[Y_e f[hie# dWb W be bWh]e Z[ ik b_Xhe" [d [b gk[ Z[iYh_X[ W @e^d B[dded Yece Æ[b c|i Yecfb[`e Z[ bei YkWjheÇ" kd

4+,(- ũ%(1 ũ

#3.2ũ"#ũ4-ũ).5#-ũ

:[ifk i Z[ kdei feYei W ei Yece Wi_ij[dj[" =[eõ ;c[h_Ya Z[Xkj Yece _d][d_[he Z[ ied_Ze [d '/,," Yed iebe '/ W ei" ZkhWd# j[ bW ]hWXWY_ d Z[ ÈH[lebl[hÉ" kde Z[ bei |bXkc[i c|i _cW]_dWj_lei Z[ bW ^_ijeh_W o gk[ cWhY [b Ye# c_[dpe Z[ bW [jWfW [d bW gk[ Bei 8[Wjb[i lebYWhed ik WYj_l_ZWZ [d [b [ijkZ_e o h[dkdY_Whed W ZWh YedY_[hjei$ ;b `el[d _d][d_[he Z[ ied_Ze jkle gk[ W\hedjWh W fWhj_h Z[ [d# jedY[i h[jei Yece [b Yedi[]k_h gk[ bW lep Z[ B[dded iedWhW # feh [nfh[ie Z[i[e Z[ @e^d# Yece bW Z[ Ækd ced`[ j_X[jWde ikX_Ze W be Wbje Z[ kdW cedjW WÇ [d ÈJe# cehhem d[l[h ademiÉ" [b j[cW gk[ Y_[hhW ÈH[lebl[hÉ$ ;c[h_Ya h[_l_dZ_YW [b ^WX[h Yedi[]k_Ze gk[ bWi ]hWXWY_ed[i Z[ Bei 8[Wjb[i jkl_[hWd kd ied_Ze fhef_e Yh[WZe [nfh[iWc[dj[ [d [b [ijkZ_e W XWi[ Z[ _cW]_dWY_ d" [d kdW feYW [d bW gk[ bei [\[Yjei [i# f[Y_Wb[i i[ Yedi[]k Wd W cWde$ Kd c h_je gk[ ;bl_i 9eij[bbe h[YedeY[ [d [b fh be]e Z[b b_Xhe" [d [b gk[ ef_dW gk[ ;c[h_Ya

Ë

ŗũ ũũ;b YWdjWdj[ fk[hjehh_gk[ e H_Yao CWhj_d Ykbc_d [b i|# XWZe [d ik j_[hhW" Fk[hje H_Ye" bW ]_hW ckdZ_Wb ÈC i_YW ! 7bcW ! I[neÉ jhWi eY^e WhZkei c[i[i o Wbh[Z[Zeh Z[ '&& fh[i[djWY_ed[i [d BWj_deWc # h_YW" ;khefW o Dehj[Wc h_YW$ ;b bj_ce i^em i[ Y[b[Xh [d [b 9eb_i[e @ei C$ 7]h[bej Z[ IWd @kWd$ ũ

j_fe gk[ feZ W i[h jWd WZehWXb[ Yece eZ_eie$ =[eh][ >Whh_ied" Yed gk_[d [b _d][d_[he Z[ ied_Ze h[YedeY[ gk[ de j[d W ÆXk[dW gk c_YWÇ" ÆfWh[Y W i[dj_hi[ WjhWfWZe feh bW \WcWÇ o i[ [d\h[djWXW ÆW kdW XW# jWbbW f[hZ_ZW Z[ Wdj[cWde Wdj[ [b [dehc[ jWb[dje Z[ B[dded o CY9Whjd[oÇ$ IeXh[ H_d]e IjWhh" ;c[h_Ya [iYh_X[0 ÆI_[cfh[ [ijWXW [d ]kWhZ_W o feh [ie [djh[ deie# jhei ^WX W kd ckhe f[hiedWb gk[ dkdYW Yedi[]k \hWdgk[WhÇ$

#2#ũ ũ, + 2ũ!1~3(! 2Ĕũ -.ũ ) ũ+ ũ#7/#!3 3(5 ũ ũĚ C_bbed[i Z[ i[]k_Ze#

.+3#1(3

ŗũ ũũPe[ IWbZW W ^W j[hc_dWZe ik h[bWY_ d Yed [b [cfh[iWh_e A[_j^ 8h_jjed" Yed gk_[d [ijW# XW Yecfhec[j_ZW$ BW fWh[`W Æ^W Z[Y_Z_Ze j[hc_dWh Z[ cW# d[hW Wc_]WXb[ jhWi '' W eiÇ" [nfh[i [b h[fh[i[djWdj[ Z[ bW WYjh_p [d kd Yeckd_YWZe$ ũ

h[i [d jeZe [b ckdZe Yk[djWd bei Z Wi gk[ \WbjWd fWhW l[h [d fWdjWbbW bW Ykbc_dWY_ d Z[b Wceh Z[ 8[bbW o ;ZmWhZ" bei fhejW]ed_ijWi Z[ È9h[f i# YkbeÉ" YkoW f[d bj_cW [djh[]W Y_d[cWje]h|ÒYW i[ [ijh[dW [ij[ l_[hd[i '. heZ[WZW Z[ jWdjW [nf[YjWY_ d Yece Z[ cWbWi Yh j_YWi" Yece bW Z[ ÆZ[Y[fY_edWdj[Ç gk[ fkXb_Y bW h[l_ijW LWh_[jo$

Z[X[h W ^WX[h \_]khWZe Yece YefheZkYjeh Z[b ÈI]j$ F[ff[hÉ '/,- feh ik bWXeh Yece Yh[WZeh Z[ ied_Zei [d [b |bXkc c|i Y b[# Xh[ Z[ bW ^_ijeh_W$ -(!(.ũ"#+ũ"#2,.1.- ,(#-3.

=[eh][ ;c[h_Ya l_l_ Yece fhe# f_e [b n_je fbWd[jWh_e Z[ bei Z_iYei Z[ Bei 8[Wjb[i" f[he ik\h_ [d iki YWhd[i [b Z[j[h_ehe Z[ bWi h[bWY_e# d[i f[hiedWb[i Z[ bei YkWjhe c # i_Yei" gk[ i[ WY[djk [d '/,." Zk# hWdj[ bWi i[i_ed[i Z[ ]hWXWY_ d Z[b ÈÛbXkc XbWdYeÉ" W bWi gk[ B[dded WYkZ_ f[hcWd[dj[c[dj[ WYec# fW WZe feh Oeae Ede$ 9k[djW ;c[h_Ya gk[ [b Z W [d gk[ Oeae Z[Y_Z_ hecf[h ik i_# b[dY_e [d [b [ijkZ_e fWhW ef_dWh #Wdj[ [b [ijkfeh Z[ bei fh[i[d# j[i" _dYbk_Ze B[dded# ieXh[ kdW jecW gk[ [b ]hkfe WYWXWXW Z[ ]hWXWh i[ fheZk`e Ækd fkdje _d# Ó[n_ d fWhW Bei 8[Wjb[iÇ$ 7gk[# bbe Æ[d ckY^ei i[dj_Zei" \k[ [b fh_dY_f_e Z[b ÒdÇ$ ;b _d][d_[he Z[ ied_Ze Z[` [b XWhYe [d c_jWZ Z[ bW jehc[djW Z[ [iWi i[i_ed[i" Wkdgk[ h[]h[i kd W e Z[ifk i fWhW jhWXW`Wh [d bW ]hWXWY_ d Z[ È7XX[o HeWZÉ" [b Z_i# Ye gk[ Y[hh bW YWhh[hW Z[b ]hkfe$ 7i fkZe i[h j[ij_]e Z[b bj_# ce cec[dje Z[ cW]_W" YkWdZe B[dded" CY9Whjd[o o >Whh_ied i[ Yeb]Whed iki ]k_jWhhWi fWhW jeYWh bei jh[i iebei [dYWZ[dWZei Z[b j[cW ÈJ^[ [dZÉ$ ;djedY[i ÆjeZW bW cWbW iWd]h[" jeZWi bWi f[b[Wi" jeZW bW c_[hZW gk[ ^WX W i[fWhWZe W bei jh[i Wc_]ei gk[Z ebl_ZWZWÇ ZkhWdj[ kd hWje$ ÆIkfed]e gk[ [n_ij[ bW fei_X_# b_ZWZ Z[ gk[" c_[djhWi _dj[hfh[jW# XWd [b iebe i[ Z_[hWd Yk[djW Z[ gk[ dkdYW _XWd W lebl[h W jeYWh `kdjei1 jWb l[p l_[hWd Wgk[b cec[dje Yece kdW Yedcel[ZehW Z[if[Z_# ZWÇ" [iYh_X[ ;c[h_Ya" gk_[d jhWi bW i[fWhWY_ d Z[ Bei 8[Wjb[i Z[# iWhhebb kdW [n_jeiW YWhh[hW Yece _d][d_[he o fheZkYjeh$


¡ Ġ !(¢ũ4-ũ"~ ũ!.,.ũ'.8ğ

Ċŋ

(6&5,725 0(;,&$12

, ũ+ ũ)423(!( ũ8ũ 42! ũ+ ũ(%4 +" "ũ/ 1 ũ 3.".2ēũ 4ũ2#-2( (+(" "ũ#2/(1(34 +ũ#2ũ,48ũ %1 -"#ũ+.ũ!4 +ũ+#ũ' !#ũ4- ũ/#12.- ũ,48ũ 04#1(" ēũ 23 ũ,(2, ũ2#-2( (+(" "ũ+#ũ" ũ 4-ũ%423.ũ#2/#!( +ũ/.1ũ#+ũ 13#ũ#-ũ3." 2ũ242ũ #7/1#2(.-#2ē

&,8'$' '( -$3Ð1

92= '( $558//2

%('8,12

+,-2 '( 'e'$/2 /21*,78'

62/,7$5,$

21'$

7,(032

ũũ

ĸ2#/3(#, 1#ũĉĊũıũ.!34 1#ũĉĉĹ 5(3#ũ#+ũ!.-3 !3.ũ!.-ũ#+ũ#731 -)#1.ũ8 ũ04#ũ #23.ũ/4#"#ũ31 #1ũ!.-Ą(!3.2ēũ 24, ũ!.-ũ ! +, ũ+.2ũ/1. +#, 2ũ#-ũ242ũ#234"(.2ēũ Ėũ 4(#-ũ2#ũ#+#5 ũ"#, 2( ".ũ !#1! ũ"#+ũ2.+ũ!.-ũ.1.ũ$4-"#ũ242ũ + 2ē

ũũ

ĸ.!34 1#ũĉĊũıũ-.5(#, 1#ũĉĈĹũ 4ũ/ 1#) ũ"# #1;ũ, -#) 1ũ!.-ũ/14"#-!( ũ8ũ 3(-.ũ242ũă- -9 2ũ8 ũ04#ũ2(%4#-ũ2(#-".ũ4-ũ /4-3.ũ"#+(! ".ēũ Ėũ ũ , (!(¢-ũ#2ũ#+ũÌ+3(,.ũ 1#$4%(.ũ"#ũ3.".ũ$1 ! 2.ēũ

ũũ

ĸ-.5(#, 1#ũĉĉũıũ"(!(#, 1#ũĉĈĹũ 1.!41#ũ !34 1ũ!.-ũ! +, ũ8ũ/14"#-!( ũ #-ũ+ ũ1#+ !(¢-ũ!.-ũ24ũ/ 1#) ũ8 ũ04#ũ#23.ũ #5(3 1;ũ!.-Ą(!3.2ũ!.-ũ+ ũ,(2, ēũ 2ũ 2.!(#" "#2ũ3 , +# 1;-ēũ Ėũ #/1#-"#ũ +ũ ,(%.ũ#-ũ2#!1#ı 3.ũ8ũ +; +.ũ#-ũ/Ì +(!.ēũ

ũũ

ĸ"(!(#, 1#ũĉĉũıũ#-#1.ũĈĒĹ "ēũ"# #1;ũ1."# 12#ũ"#ũ4-ũ , (#-3#ũ %1 " +#ũ8ũ/ !~ă!.ũ ũă-ũ"#ũ, -3#-#1ũ ).ũ!.-31.+ũ24ũ2 +4"ēũũ Ėũ +ũ ,.1ũ-.ũ#2ũ2¢+.ũ4-ũ2#-3(ı ,(#-3.Ĕũ#2ũ3 , (_-ũ4-ũ 13#ēũũ

(63(&,( *e1(52

+ũ 43_-3(!.ũ ."1(%.ũ # +

)/27$5 (1 (/

'(0(17(

6(0,35(&,26$

$*8$

6$172 (1

&,8'$' '( /$ 8566

12&7851$

*$%É1

32578*8e6 )5872 '( (;3257$&,Ð1

*5,72 7$85,12

ĔũĈđĖćć

$&75,= '( /$ 7(/(129(/$ 81$ )$0,/,$ &21 68(57(

ŗũ ũHeZh_]e B[Wb ^WX W Z[`WZe ik f[gk[ e fk[Xbe dWjWb fWhW [ijkZ_Wh YeY_dW [d bW YWf_jWb o ^WijW ^WY[ feYe [hW [b Y^[\ Z[ kde Z[ bei h[ijWkhWdj[i Z[ ceZW Z[ bW Y_kZWZ$ F[he dWZW [i i[]khe o Z[ fhedje [djhW [d Yh_i_i" Wi gk[ bW d_YW iWb_ZW [i ^WY[h [b YWij_d] Z[ >ej[b H[Wb" kd dk[le Èh[Wb_joÉ" ZedZ[ fWhW i[h jecWZe [d Yk[djW i[ ^Wh| fWiWh feh ]Wo$

3$67$ *58(6$ '( 3$3(/ &20326,&,Ð1 /Ì5,&$

$&725 '( /$ 7(/(129(/$ (/ &8(532 '(/ '(6(2

3$3$*$<2

72172 (1

.,&+:$ &8(17$*27$6 '26,),&$'25

&219,&72

3$72

(48,3$5

$6,'(52

$&&,Ð1 '( $5$5

0$1*2

7(50,1$&,Ð1

6ROXFLyQ DQWHULRU (67$03$

',26$ '( /$

: $

$

/

$5*2//$ 7,(55$

1

/

$

(

$

5

* $

$

,

6

3

8

$

6

7 7$3,$ 5(/$7,92 $ /$ 1$5Ì=

$&75,= '( /$

&

7

/$ ',9,1,'$'

$

7

(

1

$

6

/

&

$ &

6

2

3

$

1

$

+2*$5 ',26$ *5,(*$ '(/ 0$/

)5(1$5

'(7(1(5

'

',26 (1 (/ ,6/$0 '5$0$785*2

1

(63$f2/

$

6

$

5

$

5

(

0

2

,

5

5

6

$

*

$

%

,

(67$'2 (1

$

2

$

/

&217,1(17( ,1*/e6

5 $

( 7 $

2

0

2 3$57( ,1)(5,25 '(/ 7$-$'2 5(*,Ð1 '(/ 1 '( &+,/(

(

5

2

6

$

$6,'(52

$

7267$5

5

$

7

* 5

5(=$5 683/,&$5 (/$7,92 $ /$ *20$

6

$

&8$'5Ô3('2

$57( '( 3(6&$

0$1*2

'( 35(&,2

2

5

$

'

2

%21'$'262

$

3(552 (1

1,f$

$ &

*58(62

/

2

0

1

$

&

(0%$5&$&,Ð1 '( 5(026 $121$ '( /$ ,1',$

,

$

(

7

5

$

3

2

5 -$%21&,//2

(/(9$'2

,1*/e6

/,67$

,

$

&

+(50$12 '( $%(/ 6Ì0%2/2 '(

$

,6/$ *5 '(/ 0$5 -Ð1,&2 *$%É1

6

$

&

1 2

/

$

*

2

<

5

,

',26 '( /26 +$%,7$5

0

2

5

,

/

5(%$f26

5 7(/$ )8(57( '( +,/2 /,&25

$

5

1

2 &5(0$ '( /$

$3Ð&23( '( 3$3É

1

2

7

3

$

5

$

'

$

5

$3$5$72 5$',2

)5$*$1&,$ /2&$/,=$'25

/

6Ì0%2/2 '( *5$02

52('25

5

/(&+( 6Ì0%2/2 '( 62',2

$

9(//Ð1

$

7

$

1

$

$ 0(','$ '( /21*,78'

,167580(172 '( $7$48( 9(/2 6,1 2 (19$6( 7$&+$

7$&$f2

É7202

1

&5202

0$48(

&,8'$' '( (63$f$ 5(/$7,92 $ /$ %2&$

752=2 325&,Ð1

&

7,=$

127,&,$ &20Ô1 '( 81$ &26$

9(5%$/ 6,03/( 6(1&,//2

&

$1'$5

,1*/e6

6(53,(17( '( *5$1 /21*,78' (67$'2 '( %5$6,/

$

/8=

5

*$72 (1

72'2 (17(52

&219,&7$

5

$

/(*$/ ),(/

,1*/e6

5

$

É6&8/$

&725 '( /$ 7(/(129(/$ 8(/2 '( 3$6,21(6

38(672 (1

2

7

& 5 ' % $ 2 ' $ /

%$f$'2 '(

&$'(5$

)/(&+$6

$ $/7$5

,1*/e6 3Ð&23( '( *5$1'(

=$5&,//2 '( /$ 9,' +8(62 '( /$

6Ì0%2/2 '( 252

$ 5

3$5(' (1

&

3(/Ì&8/$

62/,7$5,$

/

2 3$5$ ',63$5$5

&267$ 5,&$1 6800(5

ũũ

ĸ %.23.ũĉĊũıũ2#/3(#, 1#ũĉĉĹ ũ31 -04(+(" "ũ8ũ#!4 -(,(" "ũ2#1;-ũ %1 -"#2ũ +( " 2ũ248 2ũ#-ũ#+ũ3#11#-.ũ/1.ı $#2(.- +ēũ Ėũ 4 -".ũ-.ũ2#ũ , ũ "#, 2( ".ũ-.ũ2#ũ , ũ+.ũ24ă!(#-3#ēũũũ

)$/7$

&(59(=$

9(//Ð1

%$5&$=$

5(81,Ð1

ũ

ũũ

$6752 5(< ,1*/(6$

/$1&+Ð1

ũũ

ĸ)4+(.ũĉĊũıũ %.23.ũĉĉĹũ 5(3#ũ#+ũ!.-3 !3.ũ!.-ũ242ũ ,(%.2ũ/.1ũ#+ũ ,.,#-3.ũ8 ũ04#ũ#23.2ũ2#ũ!.,/.13 1;-ũ "#ũ, -#1 ũ(,/4+2(5 ũ8ũ/1.5.! 1;ũ/1. +#ı , 2ēũ Ėũ +ũ +, ũ#2ũ4-ũ5 2.ũ04#ũ 2.+.ũ2#ũ++#- ũ!.-ũ#3#1-(" "ēũ

/252

)$0,/,$

&,8'$' '( &+,/(

(67$'2 '(/ 6( '( $5$%,$ 3,('5$

ĸ, 19.ũĉĈũıũ 1(+ũĈĒĹ 1.!41#ũ!.-2#15 1ũ+ ũ! +, ũ!.-ũ242ũ '#1, -.2ũ/ 1 ũ 2~ũ#5(3 1ũ!.-Ą(!3.2ũ8ũ #-$1#-3 ,(#-3.2ēũ Ėũ /1#-"#1ũ 2(-ũ1#Ą#7(.- 1ũ#2ũ, +% 23 1ũ+ ũ#-#1%~ ēũ

ĸ)4-(.ũĉĉũıũ)4+(.ũĉĉĹ ũ! +, ũ2#1;ũ$4-" ,#-3 +ũ/ 1 ũ/."#1ũ 1#2.+5#1ũ+.2ũ!.-Ą(!3.2ũ8ũ/1#.!4/ !(.-#2ēũ 5(3#ũ#23 1ũ ũ2.+ 2ũ8 ũ04#ũ#23.ũ3(#-"#ũ ũ (11(3 1+.ũ8ũ"#/1(,(1+.ēũ Ėũ ,;2ũ 2#ũ"(% ũ04#ũ#2ũ(-! / 9ē

+(0%5$ '(/

&5,$5

&,8'$' '( ,5$.

9É67$*2

ũũ

: ũũ

$&&,Ð1 '(

$3Ð&23( '( 3$3É (67$'2 '( (8523$ 2

$326(172

ĸ$# 1#1.ũĉćũıũ, 19.ũĉćĹũ #-31.ũ"#+ũ'.% 1ũ2#ũ242!(3 -ũ! , (.2ũ 04#ũ"# #1;-ũ2#1ũ 24,(".2ũ!.-ũ, "41#9ũ8ũ 1#2/.-2 (+(" "ēũ Ėũ .!.2ũ5#-ũ+.ũ04#ũ2.,.2Ĕũ /#1.ũ3.".2ũ5#-ũ+.ũ04#ũ / 1#-3 ,.2ē

6(&5(7$

',63(56$

0(','$ '(

ũũ

ĸ, 8.ũĉĈũıũ)4-(.ũĉĈĹ 1 3#ũ"#ũ, -3#-#1ũ ).ũ!.-31.+ũ242ũ #,.!(.-#2ũ#ũ(,/4+2.2ũ ũă-ũũ"#ũ#5(3 1ũ2#1ũ %1.2#1.ũ#ũ(1 2!( +#ēũ Ėũ 4ũ,#-3#ũ #2ũ4- ũ$4#-3#ũ"#ũ/."#1ē

āā

<(552 (5525

0$172

ĸ#-#1.ũĉćũıũ$# 1#1.ũĈĒĹ .2ũ1.,/(,(#-3.2ũ8ũ!.-Ą(!3.2ũ#-ũ+ 2ũ 1#+ !(.-#2ũ $#!3(5 2ũ2#ũ/4#"#-ũ#5(3 1ũ , -3#-(#-".ũ+ ũ2#1#-(" "ēũ Ėũ .104#ũ+ ũ3.134% ũ3(#-#ũ+.2ũ /(#2ũ2#%41.2ĔũĠ#2ũ_23 ũ4- ũ1 9¢-ũ/ 1 ũ !.13 1ũ+ 2ũ + 2ũ +ũ;%4(+ ğ ũ

^

ŏ āąŏ ŏ ŏ ŏĂĀāāŏ ŏ +. Čŏ

&85$5

ũũ

ĸ 1(+ũĉćũıũ, 8.ũĉćĹ ũ2(34 !(¢-ũ#!.-¢,(! ũ/4#"#ũ/1#2#-3 1ũ !(#13 2ũ2.1/1#2 2ũ/ 1 ũ+ 2ũ04#ũ"# #1;ũ #23 1ũ/1#/ 1 ".ũ8ũ/.1ũ+.ũ!4 +ũ"# #1;ũ#5(3 1ũ % 23.2ũ#7!#2(5.2ē Ėũ +ũ5#1" "#1.ũ,.".ũ"#ũ-.ũ 2 #1ũ- " ũ#2ũ /1#-"#1+.ũ3.".ũ ũ+ ũ5#9ēũ ũ

?% D8I:<CF D<A@8 I% _d\a`X7cX_fiX%Zfd%\Z

5$//$5 /,0$5

&803/,5 81

&(/(%5,'$'(6

0$1'$72

8IK?LI <M8EJ (/,( $ (0+(W 8IHL<äCF>F 9I@KÝE@:F% ;<J:L9I@ä <C G8C8:@F ;< :EFJFJ <E :I<K8 (0''$(0'/

}

3(5)80(

'(/,&$'2

&$&,48( 'e6327$

Ċŋ

1(#"1(!'ũ #%#+

ŗũũ

<_b ie\e Wb[c|d" Yedi_Z[# hWZe [b bj_ce Z[ bei ]hWdZ[i c[jW\ i_Yei" ck[h[ kd Z W Yece ^eo [d 8[hb d$ Iki j[eh Wi _d# Óko[hed [d Ò]khWi feij[h_eh[i o W d i_]k[d iehfh[dZ_[dZe$ BW fhe\kdZ_ZWZ Z[ ik f[diW# c_[dje ][d[h kdW i[h_[ Z[ h[WYY_ed[i o h[lebkY_ed[i gk[ _dWk]khWhed jeZW kdW dk[lW l_i_ d Z[ ^WY[h Òbeie\ W" Z[iZ[ bW [nfb_YWY_ d Z[b cWj[h_Wb_i# ce Z[ 9Whbei CWhn" [b [iYWf[ Z[ bW c[jW\ i_YW Z[ <h_[Zh_Y^ D_[jpiY^[ o [b f[diWc_[dje Z[ @[Wd#FWkb IWhjh[$ 7kjeh Z[ È<[dec[debe] W Z[b [if h_jkÉ$

ĔũĈĒĖćć

ĸĈĐĐćıĈđĊĈĹũ

#(-$#+"

ŗũũ

LWh_Wi l[Y[i dec_dWZW Wb fh[c_e ;cco Yece C[`eh i[h_[ Y c_YW o ]WdWZehW Z[ [ijW YWj[]eh W [d '//)" ÈI[_d# \[bZÉ \k[ Y_jWZW feh bW h[l_ijW ;dj[hjW_dc[dj M[[abo Yece ÆbW Yec[Z_W Z[ i_jkWY_ d Z[ dk[ijhW [hWÇ$ >W i_Ze Yedi_# Z[hWZW Yece kdW Z[ bWi c|i _cfehjWdj[i o fefkbWh[i Z[ bei W ei /&" feh be YkWb [i Yec dc[dj[ Y_jWZW fWhW f[hied_ÒYWh bW YkbjkhW _h d_YW o eXi[i_lW Z[ bW Z YWZW$

: ũ }

42( ũ+ -9 Ĕũ31(/4+ " Ĕũ+ ũ- 5#ũ .849ũ ıĉĉ ËĔũ ũěũ Hki_W bWdpW [ij[ Z W ^WY_W bW ;ijWY_ d ;ifWY_Wb ?d# j[hdWY_edWb ;;? bW dWl[ Ieokp JC7#(( Yed jh[i jh_fkbWdj[i W XehZe" Zei hkiei o kd [ijWZe# kd_Z[di[" _d\ehcWhed Wo[h \k[dj[i Z[ bW W][dY_W [ifWY_Wb hkiW HeiYeicei$ BW jh_fkbWY_ d [ij| _dj[]hWZW feh bei YeicedWkjWi hkiei 7d# j d I^aWfb hel o 7dWjeb_ ?lWd_i# ^_d o [b WijhedWkjW [ijWZekd_# Z[di[ :Wd_[b 8khXWda" Z_`e kd fehjWlep Z[ HeiYeicei W W][d# Y_Wi hkiWi$

;b bWdpWc_[dje Z[b Ye^[j[ feh# jWZeh Ieokp#<= Yed bW dWl[ Ieokp JC7#(( [ij| fh[l_ije fWhW bWi &*0'* =CJ ()0&& [d ;YkWZeh Z[iZ[ [b Yeic Zhece aWpW`e Z[ 8W_aedkh" [d 7i_W 9[djhWb$ Bei WijhedWkjWi h[Wb_pWh|d Wbh[Z[Zeh Z[ (&& [nf[h_c[d# jei o jWh[Wi [d bW ;;?" WÒhc I^aWfb hel$ ;b YWb[dZWh_e Z[ lk[bei [ifW# Y_Wb[i fhe]hWcWZei feh Hki_W \k[ h[l_iWZe [d lWh_Wi eYWi_ed[i Z[# X_Ze W bW d[Y[i_ZWZ Z[ ^WY[h c|i fhk[XWi W bei cejeh[i Z[b Ye^[j[

Ieokp" Ykoe \Wbbe bb[l W bW f hZ_ZW Z[b YWh]k[he [ifWY_Wb Fhe]h[ii C# '(C" gk[ i[ [ijh[bb [b fWiWZe (* Z[ W]eije [d I_X[h_W$


ŏŏ ŏ ŏ

āĂ

ŏ ŏ

ŏ āąŏ ŏ ŏ ŏĂĀāāŏ ŏ +. Čŏ

49ũ!.-31 ũ#+ũ!;-!#1

ŗũ ũũKdW dk[lW j[hWf_W gk[ YecXWj[ jkceh[i kj_b_pWdZe edZWi Z[ bkp fWh[Y[ i[h kdW ^[hhWc_[djW fhec[j[ZehW [d [b YecXWj[ Z[ Y|dY[h" WÒhcWd Y_[dj ÒYei [d ;ijWZei Kd_Zei$ ;b jhWjWc_[dje h[gk_[h[ gk[ [b fWY_[dj[ jec[ kd c[Z_YW# c[dje gk[ i[ WZ^_[h[ Wb jkceh o iebe i[ WYj_lW Yed edZWi [if[Y ÒYWi Z[ bkp$ BW _dl[ij_# ]WY_ d" WÒhcWd bei [nf[hjei" ck[ijhW gk[ bW j[hWf_W [i WbjWc[dj[ fh[Y_iW o de ZW W Wb j[`_Ze WZoWY[dj[" Yece eYkhh[ Yed bWi j[hWf_Wi gk[ i[ kj_b_pWd WYjkWbc[dj[$

98E:F G@:?@E:?8 <JD<I8C;8J HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef 0.( Xc ('*' [\ cX :kX% :k\% Ef% **.)*-*('+ g\i$ k\e\Z`\ek\ X 9<EE<KK E8Q8I<EF#A8M@<I$N@C=I@$ ;F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& ( d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef (-)$(-0$(.($(.,$(/-$ (0'$(0($(0*$(0,$(0/$)'($ )'*$)'+ $)',$ )'- $)'. $)(' $)(( $ )() $)(*$ )(-$ )(.$ ))'$))($)))$))*$ ))+$ ))-$)). [\ cX :kX% :k\% Ef% *+0(**.0'+ g\ik\e\Z`\ek\ X 8E;I8;< KFIF#8E8$ G8LC8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& ) d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ))/$)*'$)*)$)**$)*.$ )+)$)+*$)+-$)+.$)+/$),' Xc )-' [\ cX :kX% :k\% Ef% *+0(**.0'+ g\ik\e\Z`\ek\ X 8E;I8;< KFIF#8E8$ G8LC8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& * d^ 44444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef (*( Xc (0' mXcfi '#'' [\ cX :kX% :k\% Ef% *++0)+-*'+ g\ik\e\Z`\ek\ X 8C8M8 CFFI#JK8C@E A8M@<I [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX gl$ Yc`ZXZ` e% 8:& + d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef ,,- mXcfi ),'#'' [\ cX :kX% :k\% Ef% *(-)*0'-'+ g\ik\e\Z`\ek\ X DLEFQ DLEFQ# D@CKFE$8C=FEJF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX gl$

ũ"( #3#2ũ8 #2ũ4- ũ#/("#,( o [b i[Z[djWh_ice 23 ũ#-$#1,#" "ũ Wb_c[djWY_ d jWcX_ d ^Wd ][d[hWZe Wbjei dZ_# 04#ũ/1."4!#ũ%1 5#2ũ Y[i Z[ eX[i_ZWZ o ieXh[f[ie gk[ i[ jhWZkY[d [d lWh_Wi [d\[hc[ZWZ[i !.,/+(! !(.-#2Ĕũ ]hWl[i" [djh[ bWi gk[ i[ [dYk[djhW bW Z_WX[j[i$ ! " ũ5#9ũ 3 ! ũ ũ +ũ/ -.1 , ,;2ũ/#12.- 2ēũ I[] d 8ohed 9_\k[dj[i" Z_h[Y#

jeh Z[ bW <[Z[hWY_ d Z[ :_WX[j[i KdW hkj_dW i[ _dijWb Z[iZ[ ^WY[ Z[ ;YkWZeh" Æ[d [b fW i" Yece [d Wfhen_cWZWc[dj[ '& W ei o h[# jeZWi bWi dWY_ed[i Z[b ckdZe" bW lebkY_ed bW \ehcW Z[ l_l_h Z[ bW Z_WX[j[i [ij| [d Wk][" jWdje gk[ i[ fk[Z[ Yedi_Z[hWh Yece bW [f_Z[# ][dj[$ BW l_ZW Z_Wh_W YWcX_ c_W Z[b i_]be NN?Ç$ o Z_e fWie W kd h_jce c|i ũ ;b [nf[hje W WZ[ gk[ [d WY[b[hWZe [d [b gk[ de ^Wo ;YkWZeh de [i jeZWl W kdW ckY^e j_[cfe fWhW Yec[h i_jkWY_ d jWd ]hWl[ Yece e fWhW ^WY[h [`[hY_Y_e$ ;b +%4(#-ũ!.-ũ"( ı [d ejhei bk]Wh[i Z[b fbW# #3#2Ĕũ04#ũ2#ũ jhWXW`e" bei [ijkZ_ei e bWi !.-31.+#ũ (#-Ĕũ d[jW" feh [`[cfbe ;ijWZei WYj_l_ZWZ[i È_cfehjWdj[iÉ /4#"#ũ5(5(1ũ"#ũ Kd_Zei" f[he i ^W _dYh[# $.1, ũ-.1, +ēũ iWjkhWd W bei _dZ_l_Zkei c[djWZe ik _dY_Z[dY_W$ gk[ W^ehW l_l[d [d \kdY_ d De [n_ij[d Y_\hWi eÒY_Wb[i Z[ [ijWi YeiWi$ [nWYjWi" f[he 9_\k[dj[i Z_Y[ gk[ i[ 7kdgk[ [ije de fWh[Y[ i[h ZW# ^Wd ^[Y^e [ijkZ_ei" ]hWY_Wi W bei _de" ^W fheZkY_Ze [b YedeY_Ze YkWb[i i[ fk[Z[ [ij_cWh gk[ Wfhen_# [ijh i$ F[he [ie de [i jeZe" bW cWbW cWZWc[dj[ [djh[ [b *"( o [b + Z[

Yc`ZXZ` e% 8:& , d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef ,,. mXcfi )''#'' [\ cX :kX% :k\% Ef% *(-)*0'-'+ g\ik\e\Z`\ek\ X DLEFQ DLEFQ# D@CKFE$8C=FEJF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX gl$ Yc`ZXZ` e% 8:& - d^ @D989LI8 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef /)' [\ cX :kX% :k\% Ef% *++,,0*('+ g\ik\e\Z`\ek\ X :<IFE A8:FD<# C@>@8$ E8I:@Q8 [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& . d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef (,( mXcfi ./#*. [\ cX :kX% :k\% Ef% *+/*,'),'+ g\ik\e\Z`\ek\ X G8JGL<C =CFI<J#8E8$=<C@Q8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX gl$ Yc`ZXZ` e% 8:& / d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\$ hl\ Ef )(, [\ cX :kX% :k\% Ef% *+-)/0+/'+ g\ik\$ e\Z`\ek\ X D8C;FE8;F FK8M8 CF# < C J8$ D 8 I @ E 8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX gl$ Yc`ZXZ` e% 8:& 0 d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef *,)( [\ cX :kX% :k\% Ef% **/*.,'.'+ g\ik\e\Z`\ek\ X <JG@EFJ8 # CL@J$8E><C [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX gl$ Yc`ZXZ` e% 8:& (' d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef )'(-+ mXcfi (%*/'#.( [\ cX :kX% :k\% Ef% *('0)+(,'+ g\ik\e\Z`\ek\ X J89<;I8 M8:8#E8E:P$D8I@:<C8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX gl$ Yc`ZXZ` e%

8:& (( d^

C8K8:LE>8

HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef *'+$*)) [\ cX :kX% :k\% Ef% *+(.0))''+ g\ik\$ e\Z`\ek\ X >L8PCC8J8:8 ?<I8J#8;I@8E8$8E><C@$ :8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& () d^

D8E89@

HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef )+*$)++$)+0 [\ cX :kX% :k\% Ef% *+0(-0)+'+ g\i$ k\e\Z`\ek\ X M8C<E:@8 M8I>8J#A8:@EKF$>I<>F$ I@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& (* d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef )-,'+, mXcfi *''#'' [\ cX :kX% :k\% Ef% *(,-.).('+ g\ik\e\Z`\ek\ X =LE;8:@FE <JGF@I [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& (+ d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\$ hl\ Ef ))( Xc ),' [\ cX :kX% :k\% Ef% *)-(0).-'+ g\ik\e\Z`\ek\ X 8C:@M8I Q8D9I8EF# <;PJ$8C8PFE [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX gl$ Yc`ZXZ` e% 8:& (, d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef .'( Xc .-' [\ cX :kX% :k\% Ef% *(,0)'//'+ g\i$ k\e\Z`\ek\ X M8C<E:@8 D8$ :@8J# I@:?8I;$N@CC@8EJ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX gl$ Yc`ZXZ` e% 8:& (- d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef */. [\ cX :kX% :k\% Ef% *+*-0./)'+ g\ik\e\Z`\ek\ X GFE:< KL8I<Q#8C98$8L$ ;I<P [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& (. d^

444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef )+(0$)+), [\ cX :kX% :k\% Ef% *(-,/*-)'+ g\i$ k\e\Z`\ek\ X FI<AL<C8 :8II8EQ8 CLN@E 98C;<$ D8I [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& (/ d^

G@:?@E:?8

HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef /)( Xc /,' [\ cX :kX% :k\% Ef% *(('0)00'+ g\i$ k\e\Z`\ek\ X :?8IIF # N8C$ K<I$D<;8I;F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& (0 d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef (-.0+ mXcfi ---#'' [\ cX :kX% :k\% Ef% *'((*',('+ g\ik\e\Z`\ek\ X A8I8D@CCF FI;FE<Q#AFI><$CL@J [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX gl$ Yc`ZXZ` e% 8:& )' d^

J8EKF ;FD@E>F

HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef -/- [\ cX :kX% :k\% Ef% *+0/.*/*'+ g\ik\e\Z`\ek\ X 98II<EF G8II8#AFI><$ IF9<IKF [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& )( d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ,0/ [\ cX :kX% :k\% Ef% *+0/.*/*'+ g\ik\e\Z`\ek\ X 98II<EF G8II8#AFI><$ IF9<IKF [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& )) d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef ('0- [\ cX :kX% :k\% Ef% **0*'/)-'+ g\ik\e\Z`\ek\ X =FP8@E :FHL<#AFJ<$I@$ :8I;F [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& )* d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\$

hl\ Ef /+, [\ cX :kX% :k\% Ef% *+/*-.++'+ g\i$ k\e\Z`\ek\ X 8CD<@;8 DFI<@I8#>CFI@8$D8I@$ :<C8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& )+ d^

KLE>LI8?L8

HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef .)'$.*+ [\ cX :kX% :k\% Ef% *++/0**-'+ g\ik\e\$ Z`\ek\ X 98IIFJF K@I8;F# 9C8E:8$G8KI@:@8 [\c 9Xe$ Zf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfj$ k\i`fi\j X cX ck`dX glYc`ZX$ Z` e% 8:& ), d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ./) [\ cX :kX% :k\% Ef% *+)'-0)''+ g\ik\e\Z`\e$ k\ X D@I8E;8 9I@FE<J# ;8PJP$8D8I@C@J [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& )- d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ((-,$((--$((-.$((..$((./$ ((.0$((0.$((0/$((00$()'+ [\ cX :kX% :k\% Ef% **-+('(/'+ g\ik\e\Z`\ek\ X D<;@E8 J8E:?<Q# D@CKFE$N@C=I@$ ;F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& ). d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ('($('* Xc (*' [\ cX :kX% :k\% Ef% *,'-.//''+ g\ik\e\Z`\ek\ X G8:8I@ HL@E8KF8#E8E:P$D8IC<$ E< [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& )/ d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ).-/ mXcfi *.,#'' [\ cX :kX% :k\% Ef% *(,(((+('+ g\ik\e\Z`\ek\ X JFC@J FIK<>8#G8KI@:@8$;< CF$ LI;<J [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& )0 d^ 444444

ēũ (ũ3(#-#ũ"4" 2ũ#2ũ,#).1ũ1# +(9 12#ũ#7;,#-#2ũ8ũ, -3#-#1ũ!.-ı 31.+#2ũ1#%4+ 1#2ēũ

bW feXbWY_ d [YkWjeh_WdW cW# oeh Z[ '. W ei j_[d[ Z_WX[j[i$ ;ije gk_[h[ Z[Y_h gk[ Wb c[dei c[Z_e c_bb d Z[ f[h# iedWi j_[d[ bW fWjebe] W$ ;d [b f[h c[jhe khXWde bW fh[lWb[dY_W ikX[ Wb - " Z[X_# Ze W bei ^|X_jei Z[ l_ZW feYe iWbkZWXb[i$ F[he" fWhW [b :_# h[Yjeh Z[ bW <kdZWY_ d" be gk[ c|i WikijW [i gk[ Wdj[i [ijW [hW kdW [dj_ZWZ gk[ W\[YjWXW W f[hiedWi gk[ fWiWXWd bei +& W ei" f[he W^ehW i[ [l_Z[dY_W YWZW l[p [d c|i ` l[d[i$ .2ũ"($#1#-3#2

;ijW fWjebe] W [i kd jhWijehde c[jWX b_Ye gk[ Yedi_ij[ [d bW _dYWfWY_ZWZ Z[b Yk[hfe fWhW fheZkY_h _dikb_dW" feh be gk[ i[ fheZkY[ kd [nY[ie Z[ Wp YWh [d bW iWd]h[" [nfb_YW C_]k[b FWi# gk[b" Z_WX[j be]e" gk_[d W]h[]W gk[ ^Wo Zei j_fei Z_ij_djei [d [ijW [dj_ZWZ$ ũ,#-.2ũ!.,Ì-ũũ

4(" ".

.2( +#2ũ!.,/+(! !(.-#2

ŗũ ,/43 !(.-#2 ŗũ #%4#1 ŗũ -24ă!(#-!( ũ1#- + ŗũ -$ 13.2 ŗũ 13#1.2!+#1.2(2

23_ũ +#13 ~-3., 2

ŗũ 4!' ũ2#" ŗũ /#3(3. ŗũ #"4!!(¢-ũ"#ũ/#2. ŗũ -2 -!(. ŗũ +3 ũ"#ũ#-#1%~ ŗũ .-23 -3#2ũ% - 2ũ"#ũ(1ũ +ũ . ŗũ (2(¢-ũ .11.2 dehcWb" feh be gk[ bWi cWZh[i de Z[X[d ieXh[fhej[][hbei" i_de" c|i X_[d" [di[ Whb[i W Yk_ZWhi[ Z[ \ehcW h[ifediWXb[$

BW bbWcWZW Z_WX[j[i j_fe ' [i bW gk[ i[ fheZkY[ feh \WYjeh[i .1ũ+.2ũ, +.2ũ'; (3.2 ][d j_Yei$ I[] d FWigk[b" kd I_ X_[d bW Z_WX[j[i ' de [i jWd Ye# d_ e iWde [cf_[pW W [l_Z[d# c d" bW j_fe ( [i YWZW l[p c|i \h[# Y_Wh i djecWi ÆZ[ bW deY^[ W bW Yk[dj[$ I[ eh_]_dW Z[X_Ze W fhe# cW WdWÇ$ Xb[cWi Z[ ieXh[f[ie k eX[i_ZWZ De i[ YedeY[d bWi YWkiWi fk[i bW ]hWiW YehfehWb jWfedW bWi [nWYjWi gk[ fheZkY[d Y bkbWi$ ;b Yk[hfe _dj[djW [ijW fWjebe] W" f[he Wb# ũ hecf[h [ijW i_jkWY_ d o [cf_[pW W fheZkY_h _dikb_# ]kdei [ijkZ_ei Wfkd# jWd W gk[ bW fWjebe] W i[ dW ZkhWdj[ kd j_[cfe" f[he eh_]_dW [d kd l_hki gk[ +ũĒĎŘũ"#ũ+ 2ũ bk[]e bWi h[i[hlWi i[ W]ejWd /#12.- 2ũ!.-ũ [djhW Wb f|dYh[Wi bk]Wh "( #3#2ũ+ ũ' -ũ o W^ [i YkWdZe i[ fheZkY[ (".ũ ZedZ[ i[ fheZkY[ bW _d# "04(1(".ũ"# ũ/1. +#, 2ũ"#ũ [b Z ÒY_j$ BW fh[l[dY_ d o bW ikb_dW " o [b Yk[hfe feh . #2(" "ũ8ũ 2. 1#/#2.ēũ Z[\[dZ[hi[ Z[ijhko[ bW j[hWf_W Z[ bW j_fe ( ied i_c_bWh[i fehgk[ WcXWi fheZkYY_ d Z[ _dikb_dW$ ;b jhWjWc_[dje Yedi_ij[ Yedi_ij[d [d cWdj[d[h Xk[dei [d _do[YjWh bW ikijWdY_W" Wb]e ^|X_jei Wb_c[dj_Y_ei o kdW l_ZW gk[ i[ d[Y[i_jW ZkhWdj[ jeZW WYj_lW" [i Z[Y_h" fhWYj_YWh [`[hY_# bW l_ZW" fehgk[ ^Wo gk[ ikfb_h Y_e Z_Wh_e$ bW Z[ÒY_[dY_W fWhW gk[ [b eh# 7b jhWjWc_[dje i[ b[ ikcWd Wb# ]Wd_ice \kdY_ed[ Z[ cWd[hW ]kdei c[Z_YWc[djei ehWb[i gk[ Yehh[YjW$ i[ jecWd ^WijW gk[ [b eh]Wd_ice ;b [nf[hje [d\Wj_pW gk[ bei lk[blW W fheZkY_h _dikb_dW$ ;ije d_ ei Yed [ij[ j_fe Z[ Z_W# de [i Z[ feh l_ZW i_ i[ Yk_ZW X_[d X[j[i fk[Z[d l_l_h Z[ \ehcW [b fWY_[dj[$


+ũ -3#1-#3 8ũ242ũĥ, 2Ħ

ŏ āąŏ ŏ ŏ ŏĂĀāāŏ ŏ +. Čŏ

āă

8ũ,4!' 2ũ$.1, 2ũ#-ũ04#ũ2#ũ/4#"#ũ 42 1ũ#23 ũ3#!-.+.%~ ũ04#ũ31 #ũ #-#ăı !(.2ũ8ũ1(#2%.2ēũ µGk_ d de kj_b_pW ?dj[hd[j ^eo [d Z W5 ;i gk[ [ijW _ddelWY_ d i[ ^W Yedl[hj_Ze [d kdW ^[hhWc_[djW j_b fWhW bW ][dj[ Z[ jeZWi bWi [ZWZ[i" eYkfWY_ed[i [ _dj[h[i[i$ F[he" µgk jWd h[Yec[dZWXb[ [i [b ?dj[hd[j5" µYk|b[i ied bei h_[i]ei o bei kiei c|i fefkbWh[i5 I[h]_e =eZeo" Z_h[Yjeh Z[ ?dl[ij_]WY_ d o Fei]hWZe Z[ bW \WYkbjWZ Z[ 9eckd_YWY_ d Ie# Y_Wb Z[ bW Kd_l[hi_ZWZ 9Wj b_YW Z[ 9^_b[ o [nf[hje [d j[cWi Z[ ?dj[hd[j" [ijkle Z[ fWie feh ;YkWZeh o Yedl[hi Yed :_Wh_e BW >ehW fWhW h[ifedZ[h [ijWi _dY ]d_jWi$

hhWc_[djW Yed bW j[b[l_i_ d o Yed bW hWZ_e o Wi[]khW gk[ YkWdZe [ijei WfWhWjei WfWh[Y_[hed bWi f[hiedWi f[diWhed gk[ i[ b[i feZh W ZWh kdW kj_b_pWY_ d WYW# Z c_YW o gk[ i[h Wd kd Wfehj[ fWhW bW [ZkYWY_ d$ De eXijWdj[" W^ehW [ijei Whj[# \WYjei i[ kj_b_pWd Yece kd c[Z_e fWhW [djh[j[d[hi[ e fWhW Yedi[# ]k_h Y_[hje j_fe Z[ _d\ehcWY_ d" f[he dWZW c|i" Yec[djW$ 9ed [b ?dj[hd[j ikY[Z[ Wb]e i_c_bWh fk[i j_[d[ kiei [if[Y Ò# Yei o [b W]hWlWdj[ Z[ gk[ jeZWl W ^Wo ckY^W ][dj[ gk[ de be iWX[ cWd[`Wh" W]h[]W$

Ġ # +ũ43(+(" "ğ

1(-!(/ +#2ũ42.2

I[] d =eZeo" bei [ijkZ_ei gk[ i[ ^Wd h[Wb_pWZe de ^Wd be]hWZe YecfheXWh gk[ ?dj[hd[j c[`eh[ bW l_ZW Z[ bWi f[hiedWi$ C|i X_[d" YecfWhW [ijW ^[#

BW _dj[hWYY_ d ieY_Wb [i [b ckY^ei f[b_]hei gk[ ^Wd WfWh[# i[]kdZe kie c|i \h[Yk[dj[ gk[ Y_Ze ]hWY_Wi Wb h|f_Ze Yh[Y_c_[d# i[ b[ ZW feh fWhj[ Z[ bei ` l[d[i$ je Z[b ?dj[hd[j$ ;ije gk_[h[ Z[Y_h gk[ i[ dWl[]W ;djh[ [ijei i[ [dYk[djhWd bei [d f|]_dWi Yece <WY[Xeea gk[ heXei Z[ ZWjei" bWi [ijW\Wi" bei f[hc_j[d YedeY[h ][dj[" ^khjei XWdYWh_ei" bW f[Ze# Y^Wj[Wh" l[h \ejei o Yec# ũ Òb_W e [b WYeie o bW l_eb[d# fWhj_h _d\ehcWY_ d$ Y_W Xkbb_d] $ ;b [djh[j[d_c_[dje I_d [cXWh]e" =eZeo .2ũ)¢5#-#2ũ i[ [dYk[djhW [d j[hY[h ,#-.1#2ũ"#ũĉĎũ Wi[]khW gk[ [ijei ied bk]Wh$ ;ije _dYbko[ X i# .2ũ2.-ũ+.2ũ04#ũ Z[b_jei gk[ _d_Y_Whed eõ b_d[ o gk[ ied iebe [b h[# gk[ZWi Yece c i_YW e ,;2ũ !!#"#-ũ ũ -3#1-#3ēũ f[b YkbWi$ Ó[`e Z[ be gk[ i[ l_l[ Ye# ;d YkWhje bk]Wh [ij| bW c dc[dj[$ _dZW]WY_ d fhW]c|j_YW" [i Z[Y_h 7 WZ[ gk[ bW del[ZWZ Z[ bW [d j[cWi Z[ iWbkZ" [Yedec W e m[X ^WY[ gk[ [n_ijW kdW fWhW# dej_Y_Wi$ ;ijW [i bW WYj_l_ZWZ fh[# de_W [d jehde Wb j[cW" f[he gk[ [d h[Wb_ZWZ de ied jWd Yeckd[i \[h_ZW Z[ bei WZkbjei$ <_dWbc[dj[" bWi jhWdiWYY_ed[i Yece [d bW l_ZW Z_Wh_W o [d bWi XWdYWh_Wi o bWi YecfhWi ed b_d[ YWbb[i$ [ij|d [d gk_dje bk]Wh$

de i[ fkXb_gk[d jeZei bei ZWjei Z[ _d\ehcWY_ d f[hiedWb Yece d c[hei Z[ j[b \ede e Z_h[YY_ d$ JWcfeYe [i Xk[de ikX_h \ejei fheleYWj_lWi$ 7 WZ[ gk[ [d Wb]kdei fW i[i [b ;ijWZe ^W Yh[WZe dehcWj_lWi Wdj_f[ZeÒb_W ed b_d[ o feb_Y W gk[ i[ [dYWh]W Z[ bkY^Wh fWhW gk[ de i[ fheZkpYWd l_ebWY_ed[i W bei Z[h[Y^ei Z[ Wkjeh$ 7i_c_ice" ef_dW gk[ de i[ b[i Z[X[h W ZWh YecfkjWZeh[i W bei d_ ei f[gk[ ei" gk[ i[ b[i fed]Wd j_[cfei fWhW ÈdWl[]WhÉ o gk[ [b YecfkjWZeh [ij [d kd bk]Wh Èf Xb_YeÉ Z[b ^e]Wh" [i Z[# Y_h" ZedZ[ de i[ fk[ZW [dY[hhWh$ ;ije [i c[`eh gk[ Xbegk[Wh bWi f|]_dWi fehgk[ [ij| Z[cei# jhWZe gk[ bei d_ ei o ` l[d[i [dYk[djhWd h|f_ZWc[dj[ i_ij[# #!.,#-" !(.-#2ũ"#ũ2#%41(" " Ġ 4#5.2ũ1(#2%.2ğ FWhW [l_jWh jeZei [ijei f[b_]hei" cWi fWhW WYY[Z[h Z[ YkWbgk_[h >Wo gk_[d[i f_[diWd gk[ [n_ij[d be gk[ =eZeo h[Yec_[dZW [i gk[ \ehcW$

!2

$*

$*

ēũ .1ũ2#%41(" "Ĕũ#2ũ,#).1ũ 04#ũ423#"ũ !.,/ #ũ ũ242ũ'().2ũ,(#-ı 31 2ũ- 5#% -ũ#-ũ -3#1-#3ē

7kdgk[ ?dj[hd[j [i i cXebe Z[ [djh[j[d_c_[dje fehgk[ f[hc_j[ `k]Wh" XW`Wh c i_YW" l[h f[b Yk# bWi" l[h \ejei e YedeY[h ][dj[" de iebe i[ fh[ijW fWhW [ij[ j_fe Z[ WYj_l_ZWZ[i$ I[] d bei [ijkZ_ei gk[ =eZeo ^W h[Wb_pWZe `kdje W ik [gk_fe Z[ jhWXW`e" [n_ij[d Y_[hjWi Z_\[# h[dY_Wi [djh[ be gk[ h[Wb_pWd bei WZkbjei o be gk[ ^WY[d bei ` l[# d[i YkWdZe dWl[]Wd [d bW m[X$ =hWY_Wi W [ijW _dl[ij_]WY_ d i[ be]h h[YedeY[h *& WYj_l_ZWZ[i fh_dY_fWb[i" bWi YkWb[i \k[hed W]hkfWZWi [d Y_dYe YWj[]eh Wi$ Bei ` l[d[i kj_b_pWd [b ?dj[h# d[j Yece cejeh Z[ X igk[ZW Z[ _d\ehcWY_ d$ ;ije i[ Wfb_YW Yece WokZW fWhW Z[X[h[i" [dYedjhWh i_]d_ÒYWZei Z[ fWbWXhWi [ _dZW# ]WY_ed[i i_c_bWh[i$

ēũ ũ$ !(+(" "ũ"#ũ !!#2.Ĕũ"#2"#ũ!4 +04(#1ũ/ 13#ũ"#+ũ,4-".Ĕũ' !#ũ04#ũ+ ũ # ũ2(% ũ$.13 +#!(_-".2#ēũ


āą

0%!),+ (! 01. āĆŏ)%*ċ

ŏāąŏ ŏ ŏ ŏĂĀāā ŏ +. ŏ

,(+3.-ũ " ũ/#+# #1% Ĕũ#+ũ,;2ũ ēũ #6(2ũ ,(+3.-ũ$4#ũ#+ũ,;2ũ1;/(".ũ#-ũ#+ũ!(1!4(3.ũ"#ũ 4ũ (ē

¡ ũ

ēũ , -#ũ #1% ũĸ"Ĺũ!149 ũ+ ũ,#3 ũ#-ũ/1(,#1ũ+4% 1ũ#-ũ 2/ ē

5#+.9ũ#-ũ 2/ ũĸ Ĕũ ĹĔũ ũě

;b YWcf[ d Z[b ckdZe Z[ Yheii" [b [j ef[ ?cWd[ C[h]W" ]Wd Wo[h [b L??? 9heii 7jWfk[hYW Wb ikf[hWh [d bei bj_cei c[jhei Wb [h_jh[e A_ZWd[ JWZ[i[ [d kd Wfh[jWZe ifh_dj [d [b gk[ C[h]W \k[ ikf[h_eh$ C[h]W" C[i\ d" A_jee" A_fhef o JWZ[i[ YkXh_[hed bWi Zei bj_# cWi lk[bjWi Z[b Y_hYk_je [d ieb_# jWh_e o [iY[d_ÒYWdZe kd \ hh[e cWhYW`[ gk[ j[dZh W ik Z[i[dbW# Y[ [d bW c_icW h[YjW Z[ c[jW$ ;b [j ef[ ^_pe kd h[cWj[ Z[ YWhh[hW

gk[ Z[` Wjh|i W iki YecfW [hei Z[ f[bej d$ ;d bW fhk[XW WXiebkjW \[c[# d_dW bW l[dY[ZehW \k[ bW ikXYWc# f[edW Z[b ckdZe Z[ Yheii" B_d[j CWiW_" gk_[d e\h[Y_ kdW [n^_X_# Y_ d o YkXh_ [d ieb_jWh_e bWi Zei bj_cWi lk[bjWi fWhW Wl[djW`Wh [d c[jW W bW [j ef[ Eb`_hW [d (( i[]kdZei$ ;b L??? 9heii 7jWfk[hYW" [d [b gk[ fWhj_Y_fWhed Wb]e c|i Z[ )$*&& Wjb[jWi h[fWhj_Zei [d '. YWj[]eh Wi" WXh_ Wo[h [b YWb[dZW# h_e Z[ Yecf[j[dY_Wi$

+ũ/(+.3.ũ 1(3;-(!.ũ #6(2ũ ,(+3.!.-2(%4(¢ũ#+ũ/1(,#1ũ+4% 1ũ#-ũ#+ũ 1 -ũ 1#,(.ũ "#ũ 4ũ (Ĕũ/#-Ì+3(,.ũ!(1!4(3.ũ"#+ũ .ē

¡ ũ Ĕũ ũě ;b Xh_j|# d_Ye B[m_i >Wc_bjed CYBWh[d be]h Wo[h bW l_Yjeh_W [d [b =hWd Fh[c_e Z[ 7Xk :WX_" f[d bj_cW fhk[XW Z[b CkdZ_Wb Z[ < hckbW Kde" [d bW gk[ [b [ifW eb <[hdWd# Ze 7bedie <[hhWh_ i[ YbWi_ÒY i[]kdZe o [b Wb[c|d I[XWij_Wd L[jj[b H[Z 8kbb jkle gk[ WXWd# ZedWh [d bW fh_c[hW lk[bjW$ >Wc_bjed ]Wd [d 7Xk :WX_ feh Z[bWdj[ Z[ 7bedie" [b Xh_j|# d_Ye @[died 8kjjed CYBWh[d o [b WkijhWb_Wde CWha M[XX[h H[Z 8kbb #Wkjeh Z[ bW lk[bjW h|f_ZW#$ >Wc_bjed" fh_lWZe Z[ l_Y# jeh_Wi Z[iZ[ [b fWiWZe =hWd Fh[c_e Z[ 7b[cWd_W (* Z[ `kb_e " ikc Wo[h [d [b Y_hYk_je OWi CWh_dW bW Z[Y_cei fj_cW l_Yjeh_W Z[ ik YWhh[hW [d bW < h# ckbW Kde o bW j[hY[hW Z[b fh[# i[dj[ [`[hY_Y_e" jhWi bW Z[b D h#

Xkh]h_d] o bW gk[ i[ Wfkdj [b '- Z[ WXh_b [d I^Wd]^|_ 9^_dW $ BW fh_dY_fWb dej_Y_W Z[b f[# d bj_ce ]hWd fh[c_e Z[b W e \k[ [b WXWdZede Z[ L[jj[b$ ;b X_# YWcf[ d ckdZ_Wb iWb_ Z[iZ[ bW Èfeb[É o i[ cWdjkle fh_c[he [d bW WhhWdYWZW" f[he Wb bb[]Wh W bW fh_c[hW i[h_[ Z[ YkhlWi f[hZ_ [d Yedjheb Z[ ik cedefbWpW Z[# X_Ze W kd f_dY^Wpe [d bW hk[ZW jhWi[hW Z[h[Y^W$ JhWi [b WXWdZede Z[ L[jj[b" >Wc_bjed Wikc_ [b cWdZe Z[ bW fhk[XW o bW Zec_d Yed cWde Z[ ^_[hhe" i be _dgk_[jWZe [d Y_[hjW c[Z_ZW feh <[hdWdZe 7bedie" gk[ fhejW]ed_p kdW [if[YjWYkbWh WhhWdYWZW gk[ b[ f[hc_j_ jh[fWh Z[iZ[ bW gk_djW fbWpW gk[ eYkf [d bW fWhh_bbW ^WijW bW i[]kdZW Wdj[i Z[ Yec# fb[jWhi[ [b fh_c[h ]_he Wb Wi\Wbje Z[ OWi CWh_dW$

<[hdWdZe 7bedie Ykcfb_ Yed Yh[Y[i ik eX`[j_le Z[ WbYWd# pWh [b feZ_e [d kdW Z[ bei feYWi YWhh[hWi [d bWi gk[ W d de ^WX W h[Ye]_Ze kd jhe\[e$ ;b X_YWc# f[ d ckdZ_Wb [ifW eb Yecfb[# j kdW ieb_Z i_cW YWhh[hW fWhW WbYWdpWh ik Z Y_ce feZ_e Z[ bW j[cfehWZW o [b d c[he -) Z[ ik YWhh[hW [d bW < hckbW Kde$ 7 \WbjW Z[ kdW iebW YWhh[hW fWhW WYWXWh [b YWcf[edWje" L[j# j[b" oW YWcf[ d Z[iZ[ [b =hWd Fh[c_e Z[ @Wf d" Yedj_d W Yed )-* fkdjei" '(/ c|i gk[ 8kjjed" i[]kdZe o YWZW l[p c|i Y[hYW Z[b ikXYWcf[edWje" oW gk[ 7bedie [ij| W Z_[p fkdjei Z[ b" M[X[h W (( o >Wc_bjed" W (.$ ;b CkdZ_Wb WYWXWh| Yed [b =hWd Fh[c_e Z[ 8hWi_b" [d [b Y_hYk_je Z[ ?dj[hbW]ei Z[ IWe FWkbe [djh[ [b (+ o [b (- Z[ del_[cXh[$

5 11#3#ũ#2ũ24 ! ,/#¢-ũ#-ũ .+(5( !04( .ũ% - ũ!.-ũ/.+_,(!

+ũ3#1!#1ũ"4#+.ũ .7~23(!.ũ#-31#ũ#+ũă+(/(-.ũ --8ũ !04( .ũ8ũ#+ũ,#7(! -.ũ 4 -ũ -4#+ũ ;104#9Ĕũ5.+5(¢ũ ũ3#1,(- 1ũ!.-ũ4- ũ"#!(2(¢-ũ ũ$ 5.1ũ"#ũ !04( .ũ/.1ũ/ 13#ũ"#ũ+.2ũ)4#!#2ũĸĈĈČıĈĈČĔũĈĈĎıĈĈĊũ8ũĈĈďıĈĈĉĹũ8ũ1#345.ũ#+ũ 3~34+.ũ"#ũ! ,/#¢-ũ"#+ũ/#2.ũ6#+3#1Ĕũ#-ũ 2ũ #% 2ũĸ 23 ".2ũ -(".2Ĺē

;b [gk_fe Z[ 9_Yb_ice ;YkW# Zeh _d_Y_ kdW i[c_ [jWfW" [d bW fhk[XW YedjhWhh[be` [d bW YkWb I[]kdZe DWlWhh[j[ i[ Wbp Yed bW l_Yjeh_W gk[ d[Y[i_jWXW fWhW Y[hhWh Yed XheY^[ Z[ ehe bW fWhj_Y_fWY_ d [d [ijW lk[bjW W 8eb_l_W$ 9ed [b [nY[b[dj[ j_[cfe Z[ I[]kdZe DWlWhh[j[ b[ Z_e fWhW kX_YWhi[ i[]kdZe [d bW YbWi_Ò# YWY_ d ][d[hWb Wdj[i Z[ bW bj_#

cW i[c_ [jWfW$ C|i jWhZ[ i[ Ykcfb_ bW bj_# cW fhk[XW" kd [nY[b[dj[ jhWXW# `e o jeZe [b [i\k[hpe i_hl_ fWhW cWdj[d[h [i[ ]hWdZ_eie i[]kd# Ze bk]Wh [d bW YbWi_ÒYWY_ d ][d[# hWb Z[ [ijW Lk[bjW W 8eb_l_W gk[ i[ _d_Y_ ^WY[ '& Z Wi$ ;b Z[i[cf[ e Z[ Wo[h Z[ @ei HW]ed[ii_" ;h_Ya 9WijW e" =WXh_[b 8ed[ o 9Whbei Gk_i^f[ WokZWhed fWhW [ij[ be]he$

ēũ #%4-".ũ 5 11#3#ũĸ!Ĺũ++#% ũ ũ+ ũ,#3 ũ#-ũ .+(5( ē


+ũĥ #231.Ħũ2#ũ /."#1 ũ"#ũ 1~2

.%#1ũ #"#ı 1#1ũ!.-2(%4(¢ũ #+ũ 23#12ũ Ĉēćććũ"#ũ 1~2ũ 8ũ2#ũ!.-5(13(¢ũ #-ũ#+ũ2#%4-ı ".ũ3#-(23 ũ#-ũ !.-04(23 1ũ+.2ũ ".2ũ3~34+.2ũ"#ũ #23 ũ!(4" "Ĕũ 7dZh[ 7]Wii_ o i[ gk[ZW W kd fWiWZe Z[ i[c_ÒdWb[i$ jh_kd\e Z[b [ifW eb HW\W[b DWZWb" BW YbWl[" i[] d Yed\[i " ^Wo #1!8ũ8ũ .ı gk[ b_Z[hW bW YbWi_ÒYWY_ d$ gk[ [dYedjhWhbW [d [b fWh d Z[ 7Z[c|i" i[ Yedl_[hj[ [d [b i[# i[_i i[cWdWi gk[ i[ jec jhWi [b + -"ũ 11.2ēũ ]kdZe j[d_ijW [d ^WX[h ]WdWZe 7X_[hje Z[ ;ijWZei Kd_Zei" be gk[ ēũ .%#1ũ #"#1#1ũ"#54#+5#ũ4- ũ .+ ũ ũ 2.-% ũ!.-ũ%1 -ũ! +(" "ũ/ 1 ũ 04#" 12#ũ!.-ũ#+ũ! ,/#.- 3.ē

} Ĕũ ēũěũ ;b ik_pe He][h <[Z[#

h[h fkie Wo[h kd XheY^[ Z[ ehe W ik j[cfehWZW" bW f[eh Z[ ik YWhh[hW Z[iZ[ (&&)" Wb Yedi[]k_h bW l_Yjeh_W [d [b jehd[e Z[ 8[hYo" [b bj_ce CWij[hi '$&&& Z[b W e" gk[ ]Wd kdW i[cWdW Z[ifk i Z[ ^WX[hi[ _cfk[ije [d 8Wi_b[W$ 7 kdW i[cWdW Z[b jehd[e Z[ CW[ijhei Z[ BedZh[i" [b d c[he YkWjhe Z[b ckdZe i[ iWY Z[ bW ]Wb[hW [b j[d_i Z[ Wbje d_l[b gk[ ZkhWdj[ jeZe [b W e ^WX W gk[ZW# Ze WfWhYWZe o i[ _cfkie [d kde Z[ bei jh[i CWij[hi '$&&& ZedZ[ jeZWl W de ^WX W ]WdWZe" `kdje W HecW o Cedj[YWhbe$ :[hhej [d bW ÒdWb Wb Zebe beYWb" [b \hWdY i @e#M_b\h_[Z Jied]W" i[n# je \Wleh_je" gk[ Wf[dWi jkle fei_# X_b_ZWZ[i \h[dj[ Wb WhhebbWZeh j[d_i Z[ifb[]WZe feh [b ^[bl j_Ye" gk[ i[ _cfkie feh ,#' o -#, [d c[dei Z[ ^ehW o c[Z_W Z[ fWhj_Ze$ ;b jh_kd\e i[ fheZk`e jhWi ^W# X[h Yedi[]k_Ze bW i[cWdW fWiWZW bW l_Yjeh_W [d 8Wi_b[W" feh be gk[ Yecfb[j Zei i[cWdWi Z[ ]hWY_W [d bWi gk[ i be ^W Y[Z_Ze kd i[j$ <k[ ik l_Yjeh_W '. [d kd CWi# j[hi '$&&&" Yed be gk[ ikf[hW W

bei Zei j jkbei Z[ FWh i #8[hYo o HebWd] =Whhei#" jhWi 7]Wii_$ O \k[ ik d_YW l_Yjeh_W _cfeh# jWdj[ [d (&''" kd W e [d [b gk[ [b ik_pe" ^WX_jkWZe Wb n_je f[hcW# d[dj[" ^W l_ije l[dY[h [d jeZei bei jehd[ei ]hWdZ[i W DelWa :`eae# l_Y" HW\W DWZWb o 7dZo CkhhWo$ DkdYW" Z[iZ[ gk[ [d (&&) ]Wd [b 7X_[hje Z[ ;ijWZei Kd_# Zei" <[Z[h[h i[ ^WX W gk[ZWZe i_d kdW h[Yecf[diW cWoeh o [ij[ W e jWcfeYe gk[h W Y[hhWhbe [d XbWdYe" Wkdgk[ ^WoW j[d_Ze gk[ [if[hWh Wb ÒdWb Z[ bW j[cfehWZW fWhW be]hWhbe$ <[Z[h[h de ^WX W ]WdWZe dWZW i_]d_ÒYWj_le Z[iZ[ gk[ [b W e fW# iWZe" ZedZ[ i[ _cfkie [d [b jeh# d[e Z[ CW[ijhei Z[ BedZh[i$ 3(#-".ũ, 1! 2

FeYei h YehZi b[ gk[ZWd feh Yed# gk_ijWh" f[he <[Z[h[h Yed\[i gk[ \kdY_edW W h_jce Z[ cej_lWY_ d" gk[ [dYk[djhW [d [ijei h[jei gk[ b[ cWhYW bW [ijWZ ij_YW$ ;d FWh i ikf[h bWi .&& l_Y# jeh_Wi" kdW Y_\hW gk[ b[ f[hc_j_ [djhWh [d kd i[b[Yje YbkX Z[ i_[j[ j[d_ijWi$ 7bYWdp ik ÒdWb // [d kd jehd[e ZedZ[ dkdYW ^WX W

b[ ^_pe f[hZ[hi[ bW ]_hW Wi_|j_YW f[he b[ f[hc_j_ bb[]Wh c|i \h[iYe W kd ÒdWb Z[ j[cfehWZW gk[ ejhWi l[Y[i W\hedjWXW Yed c|i c_dkjei$ Feh [bbe bb[] [d kdW \ehcW cW]_ijhWb o ieXh[leb kd jehd[e gk[ Yecfb[j YWi_ W bW f[h\[Y# Y_ d$ I_d Y[Z[h d_d] d i[j" Wb]e gk[ de ikY[Z W [d kd CWij[hi '$&&& Z[iZ[ ^WY[ Y_dYe W ei" Y[Z_[dZe kdW d_YW l[p ik i[h# l_Y_e" [d YkWhjei Z[ ÒdWb \h[dj[ Wb Wh][dj_de @kWd C dWYe" o i_d ieXh[fWiWh [d d_d] d Zk[be bW ^ehW o c[Z_W Z[ `k[]e$ <[Z[h[h gk_[h[ W^ehW fhebed# ]Wh [b [ijWZe Z[ ]hWY_W kdW i[# cWdW c|i" bW gk[ b[ bb[l[ ^WijW [b jhe\[e Z[ CW[ijhei" ik bj_ce eX`[j_le fWhW Y[hhWh Z[ \ehcW Z[# Òd_j_lW [b W e$ Kd f[gk[ e h[i\h_WZe" gk[ dWZ_[ dej [d 8[hYo f[he gk[ [b j[d_ijW h[l[b [d Yed\[h[dY_W Z[ fh[diW" fk[Z[ i[h ik f[d bj_ce eXij|Ykbe$ :[ 8[hYo i[ bb[l kd ikfb[# c[dje Z[ YedÒWdpW o [b Wfeoe Z[ kd f Xb_Ye \hWdY i gk[ be WZehW" _dYbkie jhWi fh_lWh Z[b j jkbe W kd j[d_ijW beYWb feh j[hY[h W e Yed# i[Ykj_le [d bW ÒdWb$

.-9;+#9ũ 2#ũ!.1.- ũ #-ũ3(#11 2ũ 1 2(+# 2 BW j[d_ijW [YkWjeh_WdW :e# c d_YW =edp|b[p" Z[ '+ W ei Z[ [ZWZ" eXjkle Wo[h [d 8hW# i_b ik fh_c[h j jkbe Yece fhe# \[i_edWb Wb ]WdWh [d bW ÒdWb W bW XhWi_b[ W =WXh_[bW 9 " d # c[he ,,. MJ7" feh )#," ,#) o ,#( [d [b jehd[e <kjkhe Z[ IWblWZeh [d 8W^_W$ :[ [ijW cWd[hW bW ]kWoW# gk_b[ W Y[hh kdW \Wdj|ij_YW i[cWdW ZedZ[ Z[iWhhebb kd ]hWd j[d_i" cko W ik [ij_be" Yed j_hei ]WdWZeh[i o i_[cfh[ XkiYWdZe bei fkdjei$ =ed# p|b[p bb[] W bW ÒdWb i_d Y[Z[h d_d] d i[j o jkle Wdj[ 9 kd Zk[be cko Yecfb_YWZe ZWZW bW [nf[h_[dY_W Z[ ik h_lWb$ 9ed [ij[ YWcf[edWje i[ WYh[Z_jW '( fkdjei MJ7"

5 -.5(!ũ 2!(#-"#

āąŏ ŏ ŏ ŏĂĀāā ŏ +. ŏ

āĆ

ēũ .,_-(! ũ .-9;+#9ũ#-ũ #+ũ3.1-#.ũ 4341.ũ04#ũ2#ũ"(2/43¢ũ#-ũ !4 ".1ē

f[he jeZWl W de WfWh[Y[ [d [b hWda_d] fhe\[i_edWb oW gk[ Z[X[ fkdjkWh [d feh be c[dei jh[i jehd[ei fhe\[i_edWb[i" ^Wi# jW W^ehW be ^W ^[Y^e [d Zei$ ;b È7X_[hje Z[ 8W^ W (&''É i[ `k] [d bWi YWdY^Wi Z[ Y[# c[dje Z[b È8W^ W FbWpW H[iehjÉ" [d IWblWZeh" 8hWi_b o h[fWhj_ '&"&&& [d fh[c_ei$

ũ3#-(23 ũ2#1 ( ũ - ũ 5 -.5(!ũ24 (¢ũ!4 31.ũ/4#23.2ũ#-ũ+ ũ!+ 2(ă! ı !(¢-ũ,4-"( +ũ"#ũ3#-(2ũ$#,#-(-.Ĕũ8ũ#2ũ+ ũ-Ì,#1.ũĉĉĔũ ũ242ũĉČũ .2ēũ +ũ1;-*(-%ũ$#,#-(-.ũ+.ũ+("#1 ũ+ ũ" -#2 ũ 1.+(-#ũ .9-( !*(ē


+ ũ !4,4+ " ,/#.- 3.ũ"#ũ 2!#-2.

āć

ŏ āąŏ ŏ ŏ ŏĂĀāāŏ ŏ +. Čŏ

ĥ ~,(".Ħũ !+;2(!.ũ , 3# .

ĈĹũ ēũ -(5#12(3 1(.ũ ĉĹũ ! 1;ũ ĊĹũ ēũ 3¢+(! ũ ČĹũ (5#1ũ + 3#ũ ĎĹũ .! $4#13#ũ ďĹũ ++#ũ"#+ũ '.3 ũ ĐĹũ ēũ 4#5#".ũ đĹũ ũ ĒĹũ ēũ 9.%4#2ũ ĈćĹũ 1#!( ũ ĈĈĹũ ēũ .13.5(#).ũ ĈĉĹũ 3+_3(!.ũ 4" 9ũ

đĐũ ĊĒ Đďũ ĊĎ Đĉũ ĉĈ ďĉũ ĉĎ Ďďũ Đ ĎĊũ Ĉ ĎĈũ ıĈĉ Ďćũ ıĈĎ ČĒũ ıĈď Čđũ ıĊć ČČũ ıĉĈ ČĈũ ıĊČ

^

ũěũKd feYe Z[ Z[iWp d \k[ [b gk[ i_dj_[hed bWi '( c_b : /)- f[hiedWi gk[ bb[]Whed Wb [ijWZ_e 8[bbWl_ijW Z[ 7cXWje fWhW l_# l_h [b Yb|i_Ye Z[ bW Y_kZWZ1 fk[i [d kd fWhj_Ze Èj_X_eÉ J Yd_Ye o CWYWh| YecfWhj_[hed ^edeh[i o fkdjei$ 9ed Z[i[ei Z[ eXj[d[h bW l_Y# jeh_W [djhWhed bWi Zei [iYkWZhWi" i_d [cXWh]e bWi `k]WZWi Z[ f[# b_]he de b[ ^WY Wd ZW e Wb h_lWb" feh be gk[ [d eYWi_ed[i [b Yej[`e i[ jehd ced jede$ ;d [b fh_c[h j_[cfe EimWbZe BWijhW" Z[\[diW Y[b[ij[" eXjkle kdW WcWh_bbW feh c[j[h cWde [d kdW `k]WZW Z[ h[bWj_le f[b_]he fWhW ik WhYe" Z[ifk i Z[ [bbe Wb c_dkje (( feh Yec[j[h kdW \Wb# jW dk[lWc[dj[ b[ iWYWhed kdW WcWh_bbW o feh [dZ[ bW jWh`[jW he`W$ 7i Yed '& ^ecXh[i [d bW YWdY^W CWYWh| Z[X_ h[ZeXbWh [b [i\k[hpe fWhW bb[]Wh Wb WhYe Z[ J Yd_Ye Kd_l[hi_jWh_e1 gk[

ćć

31.2ũ1#24+3 ".2 .1-#.ũ !(.- +

Ĉ ŗũ ēũ 4#5#".ũ ĉũ ıũ ũ ŗũ ēũ .13.5(#).ũ Ċũ ıũ (5#1ũ + 3#ũ Ĉ ŗũ ēũ 3¢+(! ũ ďũ ıũ 3ē 4" 9ũ Ď ŗũ .! $4#13#ũ ćũ ıũ ēũ 9.%4#2ũ ć Ċ ŗũ ēũ"#+ũ '.3 ũ Ĉũ ıũ 1#!( ũ

1¢7(, ũ$#!' ũ .1- " ũČĊ

IJũ .! $4#13# ŗũ ēũ 3¢+(! ũ ũ ! 1;ũ IJũ ēũ .13.5(#). ŗ IJũ ēũ -(5#12(3 1(. ŗũ 1#!( ũ IJũ ēũ 4#5#". ŗũ (5#1ũ + 3#ũ ŗũ 3+_3(!.ũ 4" 9ũ IJũ ++#ũ"#+ũ '.3 ũ IJũ ēũ 9.%4#2 ŗũ ũ

[ijW l[p de fkZe Wfhel[Y^Wh bW ikf[h_eh_ZWZ dkc h_YW [d [b ]hWcWZe$

¡ ēũ '1(23( -ũ #-~3#9ũĸ!Ĺũ#2ũ#+ũ%1(3.ũ"#ũ%.+ũ"#ũ+ ũĥ 1(!.+.1Ħē

+ũĥ '4!'.Ħũ #23;ũ"#ũ54#+3

+ũ"#+ -3#1.ũ#!4 3.1( -.ũ '1(23( -ũ #-~3#9ũ 2#1~ ũ/ 13#ũ"#+ũ1.+ũ3(34+ 1ũ/ 1 ũ#-$1#-3 1ũ ũ #1Ìũ, - Ĕũ+4#%.ũ"#ũ24/#1 1ũ24ũ/1. +#ı , ũ"#ũ,#-(2!.2ē

ēũ _!-(!.ũ -(5#12(3 1(.ũ!1#¢ũ, 8.1#2ũ2(34 !(.-#2ũ"#ũ/#+(%1.ē

BW ÈJh_É jhWXW`W Yed c_hWi Wb fWhj_Ze Z[ cW WdW Wdj[ F[h " [b [ijhWj[]W H[_dWbZe Hk[ZW [d Z_|be]e Yed bW fh[diW [b i|XW# Ze fWiWZe c[dY_ed gk[ de ^WXh W cWoeh[i YWcX_ei [d bW Wb_d[WY_ d Z[ ;YkWZeh$ BWi fh_dY_fWb[i del[ZWZ[i i[h Wd bW _dYbki_ d Z[ 9^h_i# j_Wd 8[d j[p" gk_[d i[ f[hZ_ [b Yecfhec_ie Wdj[ FWhW]kWo feh kdW ceb[ij_W [d iki c[#

d_iYei o bW Wki[dY_W feh iki# f[di_ d Z[ 9^h_ij_Wd DeXeW" gk_[d WYkckb Zei jWh`[jWi WcWh_bbWi$ Ejhe YWcX_e eXb_]WZe" i[# h W bW _dYbki_ d Z[ @kWd 9Whbei FWh[Z[i feh =WXh_[b 7Y^_b_[# hW fWhW j[d[h cWoeh iWb_ZW feh bW XWdZW Z_[ijhW o WfeoWh W 7djed_e LWb[dY_W$ I[]kdZe 7b[`WdZhe 9Wij_bbe j[dZh W ik Z[Xkj Yed bW ÈJh_YebehÉ

[d [ijWi [b_c_dWjeh_Wi" oW gk[ Ykcfb_ iki fWhj_Zei Z[ ikif[di_ d$ ;b :J Hk[ZW iWX[ gk[ [d [b fWhj_Ze Z[ cW WdW [i _cfeh# jWdj[ ikcWh bei jh[i fkdjei fWhW de Wb[`Whdei Z[ bW pedW Z[ YbWi_ÒYWY_ d$ ;b fWhj_Ze Wdj[ [b YkWZhe È?dYW_YeÉ i[ Z_ifkjWh| Z[iZ[ bWi ',0&& [d [b [ijWZ_e Eb cf_Ye 7jW^kWbfW$

1* 1(;-Ėũĥ 1. +#,#-3#ũ_23#ũ2# ũ,(ũÌ+3(,.ũ31 ).Ħ Ëũĸ ũ ¡ Ĺũěũ I[h]_e CWhaW#

h_|d" :J Z[ bW I[b[YY_ d F[hkWdW Z[ \ jXeb" Yedj gk[ [if[hW Z[ jeZe YehWp d YbWi_ÒYWh W F[h W kd ckdZ_Wb" fk[i i_[dj[ gk[ bb[# ] Wb fkdje Z[ f[diWh gk[ ij[ feZh W i[h ik bj_ce jhWXW`e$ ÆI_ :_ei gk_[h[ o feZ[cei Yedi[]k_h [b eX`[j_le bb[]Wh Wb CkdZ_Wb fheXWXb[c[dj[ i[W c_ bj_ce jhWXW`e" f[he de fehgk[

Z[`[ Z[ jhWXW`Wh" i_de fehgk[ Z[ h[f[dj[ YWcX_[ bW cWd[hW Z[ jhWXW`Wh" ÈiWb]e Z[b ]WdW e f_[h# Z[É" Z[`e Z[ i[h [b [djh[dWZeh gk[ Wikc[ bW h[ifediWX_b_ZWZ Z[ bei del[djW c_dkjei" o fWie W i[h bW YWX[pW Z[ Wb] d fheY[ie Z[ ejhe j_fe e W be c[`eh ^W]e f[h_eZ_i# cei Z[fehj_le e [iYh_XeÇ" Z_`e [b ÈCW]eÉ$ ÆOW [ijeo [d j_[cfe Z[ f[diWh

[d ejhW YeiW oe ^eo Wikce [ijW h[ifediWX_b_ZWZ Z[ jecWh bWi h_[dZWi Z[b \ jXeb f[hkWde" Yed WXiebkjW h[ifediWX_b_ZWZ o Yed bWi ]WdWi Z[ ^WY[hbe X_[dÇ" Yec# fb[j Wb h[if[Yje$

Yece Z[i[e lebl[h W ^WY[hbe fWhW feZ[h [ijWh fh[i[dj[$ Æ;b c[h_je Z[ ^WX[h YbWi_ÒYWZe" c[ be ]Wd[" [b fh[c_e feh ^WX[h Yedi[]k_Ze [b fWi[ jWcX_ d c[ be ]Wd " c[ fW]Whed feh ik[hj[ o i_ fkZ_[hW YbWi_ÒYWh feh i[# -ũ"#2#. ]kdZW l[p c[ [dYWdjWh W o i_ CWhaWh_|d c[dY_ed gk[ i_ fkZ_[hW `k]Whbe c|i jeZWl W" o X_[d oW YbWi_ÒY W kd ckdZ_Wb [ijWcei [d [ie" [ijWcei jhWXW# Yed FWhW]kWo [d (&&( j_[d[ `WdZe fWhW YbWi_ÒYWhÇ$

ēũ +ũ#231 3#% ũ414%4 8.ũ+#ũ / 1#!#ũ1("~!4+.ũ#+ũ3~34+.ũ"#Ėũ #12.- )#ũ ,;2ũ(-Ą48#-3#ũ"#+ũ"#/.13#ũ/#14 -.ũ 04#ũ2#ũ+#ũ$4#ũ.3.1% ".ē


.-ũ-4#5.2ũ! ,/#.-#2

āąŏ ŏ ŏĂĀāā ŏ +. ŏ ġ

āă

ũ

.2ũ)4#%.2ũ#-ũ#+ũ

8#1ũ#-ũ '4 1!.!' ũ+.2ũ,#).1#2ũ/(+.3.2ũ2#ũ +! -9 1.-ũ + ũ!.1.- ēũ -.ũ"#ũ#++.2ũ$4#ũ#+ũ(, 41# .ũ (#%.ũ .1;-ē ēũ (%4#+ũ (++ %¢,#9ũ! ,/#¢-ũ#-ũ+ ũ! 3#%.1~ ũ$4#19 ũ+( 1#ũ' 23 ũČćććũ!#-3~,#31.2ũ!Ì (!.2ũ ũěũ BW WZh[dWb_dW i[ l_l_ [d YWZW bk]Wh Z[b [iY[dWh_e$ BW ^WX_b_ZWZ Z[ :_[]e Ceh|d" gk[# Z Z[ceijhWZW Wb kX_YWhi[ [d [b fh_c[h bk]Wh o fheYbWcWhi[ YWcf[ d Z[b Y[hjWc[d [d bW YW# j[]eh W jkh_ice [if[Y_Wb Z[ ',+' W (&+& Y[dj c[jhei Y X_Yei$ Bei ^[hcWdei L_bbW] c[p" Z_[hed kd l[hZWZ[he [if[Yj|# Ykbe$ BW Wbj[hdWX_b_ZWZ Z[ bWi fei_Y_ed[i [djh[ bei Zei" fkie [b jegk[ Z[ [ceY_ d [d bei fWh# j_Y_fWdj[i o [b f Xb_Ye$ 7b Ò dWb Z[ bW l|b_ZW" C_]k[b i[ _cfkie o

i[ fheYbWc YWcf[ d [d \k[hpW b_Xh[ ^WijW *&&& Y[dj c[jhei Y X_Yei$ C_]k[b Yec[dj gk[ b[ ]ki# jWh W fWhj_Y_fWh [d bWi i[_i ^e# hWi Z[ 8e]ej|$ ÆFWhj_Y_fWh [d [iW Yecf[j[dY_W i[h W fWhW c_ cko _cfehjWdj[" f[he \WbjW l[h Yece Ò dWdY_Wh [b l_W`[" W d de c[ fk[Ze WZ[bWdjWh W dWZWÇ" YedÒ [iW [b f_beje$ +ũ(, 41# .ũ! ,/#¢:_[]e Ceh|d \k[ [b ]WdWZeh _dZ_iYkj_Xb[ Z[ bW YefW o W^ehW

i[ fh[fWhW fWhW h[fh[i[djWh W ;YkWZeh [d bWi i[_i ^ehWi Z[ 8e]ej|$ ;b jh_kd\e Z[b f_beje _XWhh[ e [hW kdW h[Wb_ZWZ" _d# Ybkie i[ fheYbWc YWcf[ d YkWdZe W d \WbjWXWd Zei \[Y^Wi fWhW YedYbk_h [b jehd[e$ I_d [c# XWh]e" bW [djh[]W Z[b f_beje \k[ jejWb ^WijW [b bj_ce cec[dje$ ÆC[ i_[dje Yedj[dje feh [ij[ jh_kd\e o i[ gk[ [ijW Yecf[j[d# Y_W [i fWhj[ Z[ c_ fh[fWhWY_ d fWhW bW fh n_cW Yecf[j[dY_W [d 8e]ej|Ç" [nfb_Y Ceh|d" Yed [l_Z[dj[ Wb[]h W$ Bk[]e Z[

bW Yecf[j[dY_W" W]hWZ[Y_ f # Xb_YWc[dj[ W bei Wkif_Y_Wdj[i" c[dY_ed gk[ i_d ik WokZW" dWZW i[h W fei_Xb[$ .,/#3#-!( ũ/ 1 +#+ 7Z_Y_edWb W bW Ò dWb Z[ bW 9efW 9Wj_" i[ Z[iWhhebb bW Wdj[f[# d bj_cW l|b_ZW Z[ bW cedecWh# YW 8o:$ ;d [ijW Yecf[j[dY_W :_[]e L_bbWY i gk_[d ikc (& fkdjei o Z[` Wjh|i W ik _dc[# Z_Wje i[]k_Zeh @ei 8h_je" gk[ j_[d[ ^WijW [b cec[dje '- kd_# ZWZ[i$

-!.-$.1,(" "ũ#-ũ /1#-2 ũ"#/.13(5 ũ Dk[lWc[dj[ bW cWoeh W Z[ c[Z_ei Z[ Yeckd_YWY_ d Z[ bW fhel_dY_W Z[ ?cXWXkhW" \k[hed h[b[]WZei feh bW <[Z[hWY_ d ;YkWjeh_WdW Z[ < jXeb$ :[ -) hWZ_ei WYh[Z_jWZWi fWhW bW jhWdi# c_i_ d Z[b fWhj_Ze Z[ ;YkWZeh \h[dj[ W F[h " [d [b cWhYe Z[ bWi [b_c_dWjeh_Wi hkcXe Wb ckdZ_Wb" i be jh[i ied Z[ ?XWhhW$ BW fh[diW Z[fehj_lW Z[ bW fhel_dY_W i[ i_[dj[ _dYed\ehc[ feh bW cWd[hW Yece i[ Z_ijh_# Xko[ bei [ifWY_ei Z[ jhWdic_# i_ d$ Æ;b d[]Wh bW WYh[Z_jWY_ d W bei c[Z_ei Z[ Yeckd_YWY_ d [i kdW \ehcW Z[ YeWhjWh [b Z[h[Y^e

ŗũũ

C|i Z[ )&& [ijkZ_Wdj[i Z[b ?dij_jkje J[Ydeb ]_Ye Ikf[h_eh Z[ ?d\ehc|j_YW ?XWhhW$ I[ fh[fWhWd fWhW [b Z[iWhhebbe Z[ bei `k[]ei _dj[hdei Z[ bW _dij_jkY_ d$ Bei Z_h[Yj_lei j_[d[d jeZe b_ije fWhW [b WYje _dWk]khWb gk[ i[ h[Wb_pWh| ^eo W bWi '.0&& [d [b Yeb_i[e Z[ bW 8ebW 7cWh_bbW$ I[ fh[l YedjWh Yed bW fh[i[dY_W Z[ jeZe [b [ZkYWdZe o [b f[hiedWb Z[b [ijWXb[Y_c_[dje$

-ũ-4#5.ũ#23 "(.

ŗũũ

;b XWhh_e Z[ OW^kWhYe# Y^W Wdi W bW fei_X_b_ZWZ Z[ j[d[h ik fhef_e [ijWZ_e$ BWi Yedl[hiWY_ed[i Yed bWi Wkjeh_ZWZ[i ckd_Y_fWb[i ZWd Xk[dei Wk]kh_ei fWhW [ij[ fheo[Yje$ ÆBW fhefk[ijW \k[ fh[i[djWZW feh [iYh_je o [b 7bYWbZ[ l_e fei_j_le [b fheo[YjeÇ Wi[]khW @W_c[ =kWY|d" l_Y[fh[i_Z[dj[ Z[b XWhh_e$ I[ fh[l gk[ [b [iY[# dWh_e Z[fehj_le i[W Yedi# jhk_Ze [d [b j[hh[de kX_YWZe `kdje W bW WbZ[W IEI$

W _d\ehcWhÇ" Yec[djW D[bied 7dZhWZ[" f[h_eZ_ijW Z[fehj_le$ 7Z[c|i _dZ_YW gk[ b i j_[d[d bW WYh[Z_jWY_ d" f[he _di_ij[ [d gk[ [i _d`kije bW \ehcW Z[ jhWjWh W iki Yeb[]Wi$ :[ dWZW i_hl_[hed bWi ieb_Y_# jkZ[i d_ bW ZeYkc[djWY_ d fh[# i[djWZW$ :eYkc[djei Z[ _Z[dj_# ZWZ" Yh[Z[dY_Wb[i Z[b Y hYkbe Z[ f[h_eZ_ijWi Z[fehj_lei o Y[hj_Ò # YWY_ d Z[ W ei Z[ [nf[h_[dY_W de \k[hed jecWZei [d Yk[djW$ I_d [cXWh]e" 7dZhWZ[ \k[ [b d_Ye Z[ bei YedikbjWZei gk[ Z_e bW YWhW fWhW cWd_\[ijWh ik _dYed# \ehc_ZWZ f Xb_YWc[dj[$

(#23 ũ"#/.13(5 ũ #-ũ 1!404~

ŗũũ

.".2ũ24, 1.-

ũ ũ Ėũ ũ

ēũ "(.ũ (3,.ũ#-ũ+ ũ$1#!4#-!( ũĈćĊēĎũ31 -2,(3(1;ũ#+ũ/ 13(".ũ"#ũ !4 ".1ũ !.-31 ũ #1Ìũ#+ũ, 13#2ũ"#2"#ũ+ 2ũĈČĖććē

11 Ėũ 8#1ũăũ- +(9¢ũ#+ũ3.1-#.ũ.1% -(9 ".ũ/.1ũ#+ũ 11 ũ #-(2ēũ 23#ũ !#13 ,#-ũ2#ũ+.ũ'(9.ũ!.-ũ#+ũăũ-ũ"#ũ /.8 1ũ +ũ#-31#- ".1ũ 1+.2ũ ~ 9Ĕũ 04(#-Ĕũ#-ũ#+ũ,#2ũ"#ũ)4+(.Ĕũ24$1(¢ũ"#ũ4-ũ"#11 ,#ũ!#1# 1 +ēũ .ũ2#ũ!.-.!#ũ + ũ!($1 ũ#7 !3 ũ"#ũ(-%1#2.2Ĕũ/#1.ũ#-ũ4-ũ/1(-!(/(.ũ2#ũ' +¢ũ"#ũ,;2ũ"#ũ Ēćũ"#/.13(23 2ũ(-2!1(3.2ēũũ

B_]W 9WdjedWb Z[ KhYkgk j[hc_d bWi \[ij_l_ZWZ[i Z[ Wd_l[hiWh_e$ BW [dj_ZWZ Ykc# fb_ (* W ei Z[ \kdZWY_ d o W bW l[p Y[b[XhW iki () W ei Z[ l_ZW `kh Z_YW$ :khWdj[ [b f[h eZe Z[ Ò [ijW" i[ h[Wb_p lWh_Wi WYj_l_ZWZ[i$ ;b fh[] d Z[ bW Yed\hWj[hd_ZWZ Z[b Z[fehj[ khYkgk_h[ e" bW [b[Y# Y_ d Z[ bW H[_dW" bW i[i_ d ie# b[cd[ h[Wb_pWZW Wo[h" [djh[ ejhei \k[hed bei [l[djei gk[ i[ [\[YjkWhed [d ^ec[dW`[ Wb Z[fehj[$


āą

āąŏ ŏ ŏĂĀāā ŏ +. ŏ ġ

(#23 ũ#-ũ '4 1!.!' ;b jehd[e Z[ \ jXeb i[d_eh" YefW @ei CedYWoe" eh]Wd_# pWZe [d [b XWhh_e OW^kWhYe# Y^W" bb[] W ik Ò d$ 9ec[d# pWhed [d [b jehd[e Wbh[Z[Zeh Z[ )& [gk_fei Z[ Z_\[h[dj[i YWdjed[i Z[ ?cXWXkhW" f[he i be Zei bb[]Whed W bW Ò dWb" J Z[l_bVi Z[ OW^kWhYeY^W o 7beXkhe Z[b XWhh_e Z[b c_i# ce decXh[$ ;d kd fWhj_Ze bb[de Z[ [ceY_ed[i" bei WdÒ jh_ed[i ]WdWhed )#&" o i[ gk[ZWhed Yed bW YefW" bWi c[ZWbbWi Z[ ehe o bei +&& Z bWh[i gk[ \k[ [b fh[c_e fWhW [b YWc# f[ d$ ;b i[]kdZe bk]Wh \k[ fWhW [b [gk_fe Z[ 7beXkhe$ Bei l_Y[YWcf[ed[i jWc# X_ d i[ ^_Y_[hed WYh[[Zeh[i Z[ jhe\[e" c[ZWbbWi o )&& Z bWh[i [d [\[Yj_le$ ;cej_le \k[ [b cec[dje Z[ bW fh[c_WY_ d" bei fWhj_# Y_fWdj[i Z_[hed bW \[b_Y_jW# Y_ d ckjkW W bei h_lWb[i$ Bei eh]Wd_pWZeh[i W]hW# Z[Y_[hed o [djh[]Whed bei h[if[Yj_lei fh[c_ei$ Æ;ijW# cei iWj_i\[Y^ei o W]hWZ[Y_# Zei Z[ bW ]hWd WYe]_ZW gk[ jkle [b YWcf[edWjeÇ" [d\W# j_p @W_c[ =kWY|d l_Y[fh[# i_Z[dj[ Z[b XWhh_e$

+!.-#2ũ Ì-ũ#2/#1 ēũ +ũ/1(,#1.ũ"#ũ! " ũ9.- ũ!+ 2(ăũ! ũ ũ+ ũ2(%4(#-3#ũ$ 2#ũ)4-3.ũ ũ+.2ũ31#2ũ,#).1#2ũ2#%4-".2ēũ +!.-#2ũ/4#"#ũ/ 2 1ēũ

8#1Ĕũ '81(2ũ$4#ũ"#2!+ 2(ăũ! ".ũ8ũ +!.-#2ũ "# #ũ#2/#1 1ũ.31.2ũ1#24+3 ".2Ĕũ#-ũ#+ũ, 1!.ũ "#+ũ$Ì3 .+ũ 11( +ē ũěũFWhW I^oh_i Z[ EjWlW# be i[ j[hc_d [b YWcf[edWje dWY_edWb Z[ \ jXeb i[d_eh$ F[he W d i[ j_[d[ bW [if[hWdpW gk[ >WbYed[i" Z[ IWd 7djed_e Z[ ?XWhhW" fk[ZW YbWi_Ò YWh Yece c[`eh i[]kdZe$ BW `ehdWZW [d [b cWhYe Z[ bW j[hY[hW o YkWhjW \[Y^W h[Wb_# pWZW [ij[ Ò d Z[ i[cWdW [d ;i# c[hWbZWi" de \k[hed Z[b jeZe fei_j_lei$ ;b i|XWZe I^oh_i ]Wd " i[ [d\h[dj Wb H[Wb CW# Zh_Z o ]Wd (#'" f[he [b Ze#

c_d]e f[hZ_ \h[dj[ Wb 9bkX :[fehj_le L_Y^[ &#* Yed [ij[ h[ikbjWZe Z[X[ Z[if[Z_hi[ Z[b YWcf[edWje$ 7i bb[]Wd bei >WbYed[i$ ;b i|XWZe f[hZ_ \h[dj[ Wb L_Y^[ & Ä '" [ij[ h[ikbjWZe d[]Wj_le YWcX_ [b Z W Zec_d]e YkWdZe i[ _cfkie Wb H[Wb CWZh_Z *#'$ I_d [cXWh]e" [d bW ikcWjeh_W Z[ fkdjei" de b[ WbYWdpW fWhW bW YbWi_Ò YWY_ d$ ;b Yed`kdje iW# dWdjed[di[ fk[Z[ fWiWh" Wkd# gk[ bei h[ikbjWZei eÒ Y_Wb[i i[

YedeY[h|d [b Z W cWhj[i$ #-3(,(#-3.2ũ#-!.-31 ".2 :[Y[fY_edWZei o W bW l[p iWj_i# \[Y^ei" h[]h[iWhed bei Z[feh# j_ijWi W ?XWhhW$ JhWdgk_bei feh bW fWhj_Y_fWY_ d" f[he jh_ij[i feh bW Z[iYbWi_Ò YWY_ d$ ÆJeZei iWX[cei gk[ Wi [i [b \ jXeb" o W^ehW Z[X[cei [if[# hWh" fehgk[ jeZWl W j[d[cei fei_X_b_ZWZ Z[ [djhWhÇ" Yec[d# jW CWhbed 7YeijW" fh[i_Z[dj[ Z[ bW <[Z[hWY_ d Z[ B_]Wi 8W#

+ ũ

/.2(!(.-#2 ũ Ĉēũ (!'#ũ ĉēũ +!.-#2ũ Ċēũ '81(2ũ Čēũ ēũ "1("ũ

04(/.ũ 4-3.2 Ēũ śũď Đũ śũČ ďũ IJũĎ Ĉũ IJũĎ

hh_Wb[i Z[ ?cXWXkhW <;;B?# =7I $ 7Z[c|i" 7YeijW _dZ_YW gk[ bei h[ikbjWZei de i[ ZWd Z[ _d# c[Z_Wje fehgk[ [d [b jehd[e fWhj_Y_fWd edY[ pedWi Z[ bWi Z_\[h[dj[i fhel_dY_Wi$ JeZei bei cWhYWZeh[i Z[X[d bb[]Wh ^WijW bW <[Z[dWb_]Wi fWhW i[h YedjWX_b_pWZei$

11 -! ũ#+ũ +.-!#23. >eo Yec_[dpWd bWi Yec# f[j_Y_ed[i Z[ X|igk[j [d [b cWhYe bei `k[]ei Z[ c[de# h[i 8eb lWh (&''$ Bei fWhj_# Zei i[ h[Wb_pWh|d [d lWh_ei Yeb_i[ei Z[fehj_lei [djh[ bei gk[ feZ[cei WdejWh Wb Ckd_Y_fWb Z[b YWdj d =kW# hWdZW" Yeb_i[e Z[ bW b_]W YWdjedWb Z[ IWd C_]k[b Z[ 8eb lWh" IWd @ei Z[ 9^_c# Xe o [d [b Yeb[]_e F[Zhe 9WhXe$ >_bWho :[b]WZe" AWj^[# h_d[ ;if_deiW" IWcWdj^W =kZ_ e" <WX_WdW @|Yec[" ;ij[\Wd W Ceb_dW" CWh W FWkbW HWc h[p" @eiW[b L_# bb[]Wi" M_bcWd 9[lWbbei" D_Yeb|i =WhY W" FW b o 7d# Zh i B f[p" C_Y^W[b C_# hWdZW" 9Whbei CedjWble" @ei D [p" 7dZ[hied IWb# Y[Ze" @eh][ L[]W o HWc_he L_bbWhh[Wb" ied bei Z[feh# j_ijWi gk[ Z[\[dZ[h|d bW YWc_i[jW Z[ ?cXWXkhW$

ēũ +ũ +.-!#23.ũ#-ũ +.2ũÌ+3(,.2ũ .2ũ-.ũ' ũ" ".ũ 4#-.2ũ 1#24+3 ".2ēũ (-ũ#, 1%.ũ+.2ũ!'(!.2ũ 5( ) 1.-ũ!.-ũ;-(,.ũ"#ũ% - 1ē


.& .#-')ŋ - )& ,ŋ3ŋ )& !# &

ēũ +ũ .ũ/ 2 ".ũ+.2ũ 4#%.2ũ (- !(.- +#2ũ2#ũ1# +(9 1.-ũ#-ũ 4+!;-ēũ -ũ#+ũ#23 "(.ũ +~,/(!.ũ2#ũ)4%¢ũ#+ũ$Ì3 .+ē

: ũěũ :[b '( Wb ', Z[ Z_Y_[c# Xh[ i[ h[Wb_pWh|d bei ?? @k[]ei 8_# dWY_edWb[i [d FWije 9ebecX_W $ Bei fh_c[hei i[ [\[YjkWhed [b W e fWiWZe [d JkbY|d$ 7^ehW [b jkhde \k[ fWhW bW YW# f_jWb dWh_ [di[$ BW eh]Wd_pWY_ d [ijWh| W YWh]e Z[ 9ebZ[fehj[i [ ?dZ[hdWh_ e$ I[ Z_ifkjWh|d i_[j[ Z_iY_fb_# dWi l[h h[YkWZhe $ Bei `k[]ei i[h|d fWhW bei Z[fehj_ijWi dWY_# Zei [d bei W ei '//+ o '//,$ Feh 9ebecX_W fWhj_Y_fWh|d bei Z[fWhjWc[djei Z[ FkjkcWoe" 7cWpedWi o [b WdÒ jh_ d DWh_ e$ Feh ;YkWZeh [ijWh|d 9WhY^_" IkYkcX ei o ;ic[hWbZWi$ 9WZW Z[b[]WY_ d Wi_ij_h| Yed '&/ Z[# fehj_ijWi$ Bei Z_h[Yj_lei Z[ bW <[Z[#

hWY_ d :[fehj_lW Z[b 9WhY^_ Yed\_hcWhed bW fh[i[dY_W Z[ bW fhel_dY_W [d bW Y_jW YebecXe [YkWjeh_WdW$ BW `ehdWZW Z[fehj_lW jWcX_ d i[h| YecX_dWZW Yed [l[djei Ykb# jkhWb[i Z[ _dj[]hWY_ d" [i Z[Y_h gk[ YWZW Z[b[]WY_ d fh[i[djWh| kdW ck[ijhW Wkj YjedW Z[ c # i_YW" ZWdpW" Yk[djei" h[bWjei o ejhWi cWd_\[ijWY_ed[i$ 7Z[c|i ^WXh| jWbb[h[i b Z_# Yei \ehcWj_lei feh ]hkfei" Z[ WYk[hZe W bWi ik][h[dY_Wi Z[ bW Eh]Wd_pWY_ d ?dj[hdWY_edWb fWhW bWi C_]hWY_ed[i E?C $ I[ jeYW# h|d j[cWi Yece fh[l[dY_ d Z[ Zhe]WZ_YY_ d" i[nkWb_ZWZ" l_e# b[dY_W" \Wc_b_W o ejhei$ ;b eX`[j_le Z[ bei @k[]ei 8_# dWY_edWb[i i[ Yedjh_Xk_h Yed [b

c[i i[ Z[iWhhebbWh|d Zei Yecf[j[dY_Wi feh bWi YWbb[i Z[ bW YWf_jWb YWhY^[di[$ 7 bWi '+0&& i[ h[Wb_pWh| bW Fh_c[hW 9Whh[hW 7jb j_YW ?d# \Wdj_b Yed bW fWhj_Y_fWY_ d Z[ d_ ei o d_ Wi Z[ bWi [iYk[bWi Z[ bW fhel_dY_W$ BW YedY[djhWY_ d Z[ bei Z[fehj_ijWi i[h| [d [b Yeb_i[e '/ Z[ Del_[cXh[" WlWdpWh|d feh bW Wl[d_ZW 9ehWb" 8eb lWh" 7oWYkY^e o fWhgk[ Z[ bW ?d# Z[f[dZ[dY_W" XW`ei Z[b =e# X_[hde Fhel_dY_Wb Z[b 9WhY^_ =F9 $ 7 bWi '.0&& i[ [\[YjkWh| bW I[]kdZW 9Whh[hW DeYjkhdW 9eb[]_Wb Yed bW _dj[hl[dY_ d Z[ [ijkZ_Wdj[i Z[ bei Yeb[]_ei Z[ bW fhel_dY_W$ BW YedY[djhWY_ d i[h| [d [b ?dij_jkje 8eb lWh$ Bei Wjb[jWi h[Yehh[h|d bWi YWbb[i 7h][dj_dW" 9ehWb" HeX[hje I_[hhW" HW\W[b 7h[bbWde" '&

āĆ

āąŏ ŏ āąŏ ŏ ŏĂĀāā ŏ +. ŏ ġ

Z[ 7]eije" ;ic[hWbZWi" F_Y^_d# Y^W" HW\W[b 7h[bbWde" j[hc_dWb j[hh[ijh[" L[_dj_c_bbW" h[ZedZ[b Z[b C_d]k[he" Wl[d_ZW ;b I[# c_dWh_e" @kWd FWXbe ??" 9Wc_be FedY[" L[_dj_c_bbW" h[ZedZ[b Z[b C_d]k[he" 9WY_gk[ JkbYWdWpW" 9[dj[dWh_e" L[_dj_c_bbW" j[hc_# dWb j[hh[ijh[" 8eb lWh" Kd_ d Z[ bWi :ei 9Wbb[i" IkYh[" Gk_je" 9e# b d" @kd d" Ebc[Ze o XW`ei Z[b =F9$

ēũ ( .2ũ8ũ-( 2ũ/ 13(!(ı / 1;-ũ#-ũ+ ũ 11#1 ũ 3+_3(! ũ -$ -3(+ũ "#+ũ5(#1-#2ũĉĎũ"#ũ#23#ũ,#2ē

-. ŋ ./ # (ŋ ŋ / .),# ()-ŋ (ŋ )&#0#

1#/ 1 -ũ , +#3 2 1!'(ũ#23 1;ũ#-ũ+.2ũ #%4-".2ũ 4#%.2ũ (- !(.- +#2ũ ũ#$#!34 12# #-ũ 23.ũ#+ũ/1¢7(,.ũ,#2ē

: ũěũ ;b l_[hd[i (+ Z[ [ij[

4#%.2ũ (- !(.- +#2

(2!(/+(- 2

: ũěũ 7o[h YedYbko bW Lk[b# jW 9_Yb ij_YW W 8eb_l_W [d bW gk[ fWhj_Y_fWhed [gk_fei Z[ Z_\[# h[dj[i fW i[i$ ;b ]WdWZeh Z[b ]_he \k[ [b Y_# Yb_ijW beYWb @kWd 9ejkcXW gk[ _cfkie kd j_[cfe Z[ (/#&+# '," i[]k_Ze Z[ HecWd CWao L[d[pk[bW W )#+-" L Yjeh D_ e 9ebecX_W W *#+," @_cco 8h_# Y[ e L[d[pk[bW W +#&) o I[# ]kdZe DWlWhh[j[ ;YkWZeh W +#*'$ :[ifk i i[ kX_YWhed ÛblW# he :kWhj[ 9ebecX_W " O[_iied :[b]WZe L[d[pk[bW " @eh][ 9Wij_XbWdYe 9ebecX_W " ?X_d Pk]Wij_ ;ifW W o F_j[h 9Wc# f[he 8eb_l_W $ BW WYjkWY_ d Z[ bei [YkWje# h_Wdei \k[ Z[YeheiW i_ i[ jecW

[d Yk[djW gk[ [ijkl_[hed fh[# i[dj[i YeddejWZei Y_Yb_ijWi dW# Y_edWb[i [ _dj[hdWY_edWb[i$ ;b [YkWjeh_Wde I[]kdZe DW# lWhh[j[" _dYbkie [d bWi bj_cWi [jWfWi [ijkle [djh[ bei \Wleh_# jei fWhW ]WdWh bW Lk[bjW W 8eb_# l_W" i[] d bW fh[diW beYWb$ JWcX_ d Z[ijWYWhed ;h_Ya 9WijW e" 9Whbei Gk_i^f[" @ei HW]ed[ii_ o =WXh_[b 8ed[" gk_[d[i j[dZh|d ejhei Yec# fhec_iei dWY_edWb[i [ _dj[h# dWY_edWb[i Wdj[ Z[ j[hc_dWh bW j[cfehWZW$ ;ij[ W e bWc[djWXb[c[dj[ de i[ h[Wb_pWh| bW Lk[bjW 9_# Yb ij_YW Wb ;YkWZeh be gk[ \k[ Yh_j_YWZe feh Wkjeh_ZWZ[i" [d# jh[dWZeh[i o Z[fehj_ijWi Z[ Z_# \[h[dj[i fhel_dY_Wi Z[b fW i$

ŗũ )#"1#9 ŗ 3+#3(2,. ŗ Ì3 .+ ŗ #*6.-". ŗ (!+(2,.ũ"#ũ143 ŗ #2 2 ŗ +.-!#23. c[`ehWc_[dje Z[ bWi h[bWY_ed[i [djh[ bei Zei fW i[i W jhWl i Z[b Z[fehj[ ieY_Wb Yeckd_jWh_e Yece [ijhWj[]_W fWhW Wb_l_Wh bei fheXb[cWi Z[ bW Yeckd_ZWZ" [d [if[Y_Wb Z[ bW feXbWY_ d Z[ifbW# pWZW Z[ bW pedW Z[ \hedj[hW$ JWcX_ d i[ XkiYW bW _dYbki_ d o \WY_b_jWh [b \ehjWb[Y_c_[dje Z[ bW _Z[dj_ZWZ YkbjkhWb Z[ bW Yedl_# l[dY_W o bW fWp Z[ bWi h[]_ed[i$

4%(1;-ũ+.2ũ,.3.1#2

4+!;-Ėũ +ũ2; ".ũĉďũ"#ũ-.5(#, 1#ũ2#ũ!.11#1;ũ#-ũ 4+!;-ũ+ ũÌ+3(, ũ 5;+(" ũ"#+ũ! ,/#.- 3.ũ/1.5(-!( +ũ"#ũ 43.,.5(+(2,.ē ũ!(1!4(3.ũ2#ũ!.11#1;ũ"#2"#ũ+ 2ũĈĈĖććũ#-ũ#+ũ2#!3.1ũ"#ũ -ũ (!#-3#Ĕũ ũ +(9 " Ĕũ ũ (-!.- " Ĕũ - ,#1(! - ē +ũ#5#-3.ũ"#/.13(5.ũ2#ũ1# +(9 1;ũ#-ũ'.,#- )#ũ ũ+ 2ũ$#23(5(" "#2ũ "#ũ+ ũ/1.5(-!( ē


ŏ ŏ

7

āć

āąŏ ŏ ŏĂĀāā ŏ +. ŏ ġ

& /-/, -ŋŋ ŋ ) ! -ŋ ŋ /& 6( : ũěũ;b i|XWZe fWiWZe bW ?d#

j[dZ[dY_W Z[ Feb_Y W Z[b 9WhY^_ o \kdY_edWh_ei Z[ bW =eX[hdWY_ d" h[Yehh_[hed bWi XeZ[]Wi Z[ bW Y_kZWZ Z[ JkbY|d fWhW l[h_ÒYWh bei f[hc_iei Z[ \kdY_edWc_[dje WdkWb[i$ I[] d bei h[]_ijhei" )&& Xe#

ŏ

Z[]Wi de YedjWh Wd Yed [ij[ h[gk_i_je" hWp d feh bW YkWb i[ bWi YbWkikhWh|$ 9WX[ c[dY_e# dWh gk[ lWh_ei beYWb[i Z[`Whed Z[ \kdY_edWh j_[cfe Wjh|i$ LWh_ei Z[ [ijei [ijWXb[Y_# c_[djei de YWdY[bWd bei f[h# c_iei Z[iZ[ ^WY[ jh[i W ei$ Bei fhef_[jWh_ei Z[ bei be# YWb[i Z[ WXWijei j[dZh|d gk[ WY[hYWhi[ W bW ?dj[dZ[dY_W W h[delWh ik f[hc_ie Z[ \kd# Y_edWc_[dje f[he Z[ i[h kd [ijWXb[Y_c_[dje dk[le" j_[d[ gk[ bb[lWh kd Y[hj_ÒYWZe gk[ [djh[]W bW :_h[YY_ d Z[ iWbkZ o Z[b 9k[hfe Z[ 8ecX[hei$ Bei Zk[ ei Z[ bei Y[djhei Yec[hY_Wb[i jWcX_ d fk[Z[d WZgk_h_h [b f[hc_ie Z[ Jkh_i# ce fWhW gk[ lk[blWd W [djhWh [d \kdY_edWc_[dje" [ije jWc# X_ d be l[h_ÒYW o h[]kbW bW ?d# j[dZ[dY_W Yed bei ef[hWj_lei Z[ Yedjheb$

ēũ .2ũ/1./(#3 1(.2ũ"#ũ+.2ũ+.! +#2ũ!+ 4241 ".2ũ2#ũ2(-3(#1.-ũ $#!3 ı ".2ũ/.1ũ+ ũ,#"(" ē ēũ 2ũ#"(ă! !(.-#2ũ3(#-#-ũ04#ũ!.-3 1ũ!.-ũ+.2ũ/#1,(2.2ũ-#!#2 1(.2ũ/ 1 ũ/."#1ũ(-(!( +ũ+.2ũ31 ).2ũ"#ũ!.-2314!!(¢-ēũ

&#4 (ŋ )(.,)&ŋ ŋ & -ŋ )(-.,/ #)( -ŋ 2ũ. 1 2ũ04#ũ-.ũ !4#-3 -ũ!.-ũ+ ũ+~-# ũ "#ũ$; 1(! Ĕũ2#ũ,4+3 ũ ũũ/1./(#3 1(.2ũ8ũ2#ũ + ũ/ 1 +(9 ē

4#231 ũ"#ũ! 1( .

ũ 4+!;-Ėũ -ũ#+ũġ 1#%.-!(3.ĢĔũ-( .2ũ"#ũ+ ũ/1.5(-!( ũ#-31#% 1.-ũ

1#% +.2ũ#+ .1 ".2ũ!.-ũ/ /#+Ĕũ8ũ!.-ũ.31.2ũ/1."4!3.2ũ1#!(!+ +#2ũ +ũ/#1$#!3.ũ"#+ũ 1!'(Ĕũ #-_ũ -"Ì-ũ04(#-ũ%423.2.ũ2#ũ+.2ũ!.+.!¢ũ !.,.ũ,4#231 ũ"#ũ4-ũ! 1( .ũ1#!~/1.!.ē

: ũěũ 9ed bW ÒdWb_#

(PSUHVD GH SURGXFFLyQ DOLPHQWLFLD UDGLFDGD HQ 7XOFiQ UHTXLHUH FRQWUDWDU D XQ GLVWULEXLGRU LQGHSHQGLHQWH SDUD OD SURYLQFLD GHO &DUFKL QR LQGLVSHQVDEOH YHKtFXOR

'37+5+615U

58& DFWXDOL]DGR ([SHULHQFLD GH PDQHMR GH FOLHQWHV )DFWXUDFLyQ &RQRFLPLHQWR GH OD ]RQD

/RV LQWHUHVDGRV SUHVHQWDU VX KRMD GH YLGD HQ OD DYHQLGD 9HLQWLPLOOD 1R \ $Y 8QLYHUVLWDULRD &DVLOOD 5P IS DW

ŗũũ

;2ũ 3#-!(¢-

:-%#+ũ ¢/#9Ĕũ + (+ũ"#ũ/1.$#2(¢-Ĕũ"(.ũ ũ!.-.!#1ũ04#ũ#-ũ#+ũ31 ).ũ"#ũ+ ũ!.-ı 2314!!(¢-ũ#7(23#-ũ,4!' 2ũ$ +#-!( 2Ĕũ/.1ũ#)#,/+.ũ"#2"#ũ04#ũ(-(!(¢ũ+ ũ. 1 Ĕũ-.ũ' ũ ++#% ".ũ +%4- ũ 43.1(" "ũ04#ũ5#1(ă04#ũ#-ũ04#ũ2(34 !(¢-ũ2#ũ#-!4#-31 ũ#+ũ. 1#1.ũ "#ũ+ ũ!.-2314!!(¢-Ĕũ3 -3.ũ"#ũ+ ũ2#%41(" "ũ(-3#1- ũ.ũ#73#1- ũ.ũ"#ũ #-#ă!(.2ũ"#+ũ 31 ) ".1ē "#,;2ũ' !#ũ4-ũ++ , ".ũ"#ũ 3#-!(¢-ũ ũ+.2ũ,4-(!(/(.2ũ/ 1 ũ04#ũ+ 2ũ(-2/#!!(.-#2ũ -.ũ2# -ũ,.,#-3;-# 2ũ2(ũ-.ũ/#1, -#-3#2ē

ZWZ Z[ j[d[h YedijhkY# ũ [d ejhei YWiei ^WijW _dlW# Y_ed[i gk[ YkcfbWd Z[d bWi WY[hWi$ Yed bei h[gk_i_jei d[# ;ijWi eXhWi ied fWhWb_# Y[iWh_ei fWhW kd Xk[d 8ũ/#1,(2.2ũ"#ũ pWZWi o i[ Y_jW W bei Zk[ ei 31 ).2ũ5 1(.2Ĕũ l_l_h Z[ iki eYkfWdj[i" 04#ũ/#1,(3#ũ Z[ bWi [Z_ÒYWY_ed[i" YWZW bW 9ec_iWh W Z[ 9edi# 1# +(9 1ũ!.-ı Y_jWY_ d i[ b[ ckbjW ^Wi# 2314!!(.-#2ũ jhkYY_ed[i Z[b Ckd_# ' 23 ũ"#ũĊćũ,#3ı jW Yed +&& Z bWh[i Z[ de 1.2ũ8ũ2(ũ+.ũ"#2# -ũũ Y_f_e Z[ JkbY|d h[Wb_pW 2¢+.ũ!.-ũ!4 (#1ı Wi_ij_h o Z[f[dZ_[dZe Z[b 3 2ũ"#ũ#3#1-(3ēũ l[h_\_YWY_ed[i W [ijWi YWie" e i_ [ijW h[fh[i[djW kd f[b_]he fWhW bWi f[hie# eXhWi Y_l_b[i$ :[djhe Z[ bei h[Ye# dWi i[ fheY[Z[ W Z[hheYWh# hh_Zei i[ ^W Z[j[YjWZe bWi$ YedijhkYY_ed[i YbWd# ũ ;ijWi _dif[YY_ed[i i[ bWi h[Wb_pW i_d fh[l_e Wl_# Z[ij_dWi e c[Z_Wi W]kWi gk[ de j_[d[d bW _bkc_# ie o ZkhWdj[ [b h[Yehh_Ze dWY_ d o l[dj_bWY_ d 1 ũ2 ! 1ũ+ ũ +~-# ũ"#ũ$; 1(! ũ Z[b 9ec_iWh_e Z[ 9edi# d[Y[iWh_Wi" WZ[c|i Z[ 2#ũ"# #ũ!.,/1 1ũ jhkYY_ d [d [b YWdj d$ ;b bei h[j_hei gk[ i[ ZW W 4-ũ$.1,4+ 1(.ũ !.-ũ4-ũ!.23#ũ"#ũ )& Z[ bWi eXhWi Y_l_b[i YedeY[h Wb cec[dje !(-!.ũ"¢+ 1#2ēũ [d JkbY|d de Ykcfb[ Yed .2ũ3_!-(!.2ũ be gk[ h[pW [d bW ehZ[dWd# gk[ i[ [djh[]W bW b d[W ,4-(!(/ +#2ũ Z[ \WXh_YW$ JWcX_ d de !+ 1 -ũ!4 +04(ı pW o ik[b[ i[h c|i [d bWi #1ũ"4" ē Yk[djWd Yed fbWdei o pedWi hkhWb[i$

ēũ -ũ9.- 2ũ"#ũ/#+(%1.ũ-.ũ2#ũ " ũ/ 2.ũ ũ+ 2ũ!.-2314!!(.-#2ēũ

7b cec[dje de i[ [ij| ejeh# ]WdZe bei f[hc_iei Z[ YedijhkY# Y_ d [d bei i[Yjeh[i Z[YbWhWZei [d [c[h][dY_W Yed bW ÒdWb_ZWZ Z[ fh[YWkj[bWh bW _dj[]h_ZWZ Z[ bWi f[hiedWi$


:

āĈ

ŏ āąŏ ŏ āąŏ ŏ ŏĂĀāā ŏĂĀāā ŏ +. ŏ +. ŏŏ ġ ġ

5#-3.ũ,42(! +ũ

ŗũ ũũ : ũěũ;ij[ c_ hYeb[i W bWi '.0&& ^ehWi [d bW ?]b[i_W

ēũ -ũ#+ũ/ ~2ũ#,/#9¢ũ#+ũ/1.!#2.ũ"#ũ 1#3(9 !(¢-ũ"#ũ+ 2ũ1#2#2ũ/ 1 ũ3#-#1ũ" 3.2ũ!.-!1#3.2ũ"#ũ+ ũ/. + !(¢-ũ .5(- ē

3URFHVR GH DUHWL]DFLyQ GH UHVHV +ũ/1.8#!3.ũ 42! ũ, -3#-#1ũ #23 "~23(! 2ũ !+ 1 2ũ"#+ũ% - ".ũ 5 !4-.ũ#-ũ#+ũ/ ~2ē : ũěũ ũ FWhW _Z[dj_ÒYWh [b ]W# dWZe lWYkde gk[ ^Wo [d [b fW i o h[]kbWh bei ^Wjei ]WdWZ[hei i[ h[Wb_pWh| W [b fheY[ie Z[ Wh[j_pW# Y_ d$ ;d 9WhY^_ [ijW i[cWdW i[ ^Wh| [b bWdpWc_[dje Z[ bW YWc# fW W gk[ fh[j[dZ[ _Z[dj_ÒYWh bW feXbWY_ d Xel_dW Z[ bW fhel_d# Y_W" [b fheY[ie _dYbko[ YebeYWh

kd Wh[j[ W YWiW h[i Yece d_YW \ehcW Z[ h[YedeY_c_[dje" fWhW Wi bb[lWh [ijWZ ij_YWi Z[ bWi c_i# 1 ũ!4(" 1ũ#+ũ% - ".ũ .5(-.ũ"#+ũ/ ~2ũ3 , (_-ũ2#ũ1# +(9 1;ũ+ ũ5 !4- !(¢-ũ!.-31 ũ cWi o YedjhebWh bei YWiei Z[ WX_# ][Wje$ + ũ34 #1!4+.2(2ũ .5(- Ĕũ+ ũ(-,4-(9 !(¢-ũ!.-31 ũ+ ũă# 1#ũ $3.2 ũ3#1,(-¢ũ24ũ/1(,#1 ũ ;Zm_d ;ifW W Z_h[Yjeh Z[b #3 / Ĕũ+ 2ũ! ,/ 2ũ"#ũ(-,4-(9 !(¢-ũ8ũ5 !4- !(¢-ũ2.-ũ%1 34(3 2ũ/#1.ũ2(ũ+.2ũ"4#ı C_d_ij[h_e Z[ 7]h_YkbjkhW" =W# .2ũ"#+ũ% - ".ũ-.ũ 3(#-"#-ũ+.2ũ++ , ".2ũ"# #1;-ũ 24,(1ũ+.2ũ!.23.2ēũ dWZ[h W" 7YkWYkbjkhW o F[iYW .2ũ -(, +#2ũ04#ũ-.ũ3#-% -ũ#+ũ 13#ũ-.ũ/."1;-ũ2#1ũ!.,#1!( +(9 ".2ũ#-ũ+ 2ũ$#1( 2ũ C7=7F [d bW fhel_dY_W % - "#1 2ũ"#+ũ/ ~2ũ/.104#ũ+.2ũ -(, +#2ũ-.ũ3#-"1;-ũ1#%(231.ē _dZ_Y gk[ [b bWdpWc_[d# je Z[ bW YWcfW W i[h| [d ũ hkhWb[i o h[Wb_pWh bei h[]_i# Wfb_YWh|d iWdY_ed[i W bei fhef_[# [b YWdj d 8eb lWh$ jhei ÒjeiWd_jWh_ei gk[ f[h# jWh_e Z[b ]WdWZe gk[ _dYkcfbWd I[ fh[l Wh[j_pWh W Wb# .,.ũ 1(% "(2ı c_j_h| gk[ bei fhef_[jWh_ei bW b[o" bW fh_c[hW [jWfW Yedi_ij[ h[Z[Zeh Z[ '&, c_b h[i[i 3 2ũ#23 1;-ũ/1#ı Z[ ]WdWZe Xel_de [ij d Wb [d YebeYWh bei Wh[j[i fWhW _Z[dj_# 2#-3#-ũ +4,-.2ũ gk[ Yecfh[dZ[ [b ^Wje "#ũ+ ũ Ĕũ jWdje Z[ be gk[ ikY[Z[ Yed ÒYWh [b ]WdWZe" [ij[ [i kd fheY[# bei ^Wjei fWhW jhWjWh Z[ c[# ie ]hWjk_je$ ]WdWZ[he [d bW fhel_d# #234"( -3#2ũ"#ũ +.2ũ(-23(343.2ũ FWhW [b fheY[ie Z[ Wh[j_pWY_ d Y_W" o gk[ [b eX`[j_le Z[ .1%#ũ 13~-#9ũ `ehWh bW fheZkYY_ d fWhW [d bW YWcfW W [i YedjhebWh !.23 ũ8ũ +$.-2.ũ [b \kjkhe [nfehjWh h[i[i$ i[ jecWh| [d Yk[djW bW [ZWZ Z[ #11#1 bei dZ_Y[i Z[ heXe gk[ BW Wh[j_pWY_ d Z[ bei Wd_# bei j[hd[hei gk[ de i[h| Z[ c[# i[ fh[i[djWd [d bWi pedWi cWb[i i[h| eXb_]Wjeh_e o i[ dei Z[ jh[i c[i[i$

31.2ũ/1.%1 , 2ũũ ŗũũ

BW :ebeheiW Z[ JkbY|d i[ h[Wb_pWh| kd YedY_[hje [d [b gk[ [ijWh|d fh[i[dj[i BW ehgk[ijW i_d\ d_YW X_dWY_edWb" Yehe _d\Wdj_b" Yehe 9ehd[b_e 9[lWbbei o [b Yed`kdje Z[ Y|cWhW$ BW fhe]hWcWY_ d [i fWhj[ Z[ bWi WYj_l_ZWZ[i Z[ bWi \[ij_l_ZWZ[i del[cXh_dWi$ ;b [l[dje [i ]hWjk_je o [ij| eh]Wd_pWZe feh bW 9WiW Z[ bW 9kbjkhW Z[b 9WhY^_$

#1( 2ũ/1."4!3(5 2

ŗũ ũũ : ũěũ;d bW fWhhegk_W Z[ @kb_e 7dZhWZ[ Wo[h i[ h[Wb_p

kdW \[h_W fheZkYj_lW" ]Wijhe# d c_YW" Whj[iWdWb o jkh ij_YW" [d bW gk[ [ijkl_[hed fh[i[dj[i Whj[iWdei Z[ bW fhel_dY_W gk[ fh[i[djWhed Wb f Xb_Ye bW lWh_[ZWZ Z[ WjhWYj_lei gk[ j_[d[d bW pedW \hedj[h_pW [djh[ [bbei bei WjhWYj_lei Ykb_dWh_ei" bk]Wh[i jkh ij_Yei o bWi Whj[iW# dWi [djh[]Whed iki cWdkWb_# ZWZ[i" bWi \[h_Wi i[ h[Wb_pWh|d [d jeZW bW fhel_dY_W" [b `k[l[i Wdj[h_eh i[ Z[iWhhebbe [d JkbY|d$


ŏ ŏ

āĉ

ŏ āąŏ ŏ ŏĂĀāā āąŏ ŏ ŏĂĀāā ŏ +. ŏ ġ

ŏ

1#"ũ!4 13# " ũ

-ũ 1(#+ēũ 7(23#ũ4- ũ/ 1#"ũ!4 13# " ũ#-ũ+ ũ! 11#1 ũ .2ũ -"#2ũ8ũ 4!1#ũ"#ũ -ũ 1(#+ēũ 23#ũ/1. +#, ũ/.-#ũ#-ũ1(#2%.ũ ũ +.2ũ31 -2#Ì-3#2Ĕũ8 ũ04#ũ' 8ũ/#+(%1.ũ04#ũ#-ũ!4 +04(#1ũ,.,#-3.ũ2#ũ"#114, #ũ8ũ! 42#ũ +%4- ũ"#2%1 !( ēũ 2ũ 43.1(" "#2ũ "# #1;-ũ/.-#1ũ! 13 2ũ#-ũ#+ũ 24-3.ũ -3#2ũ"#ũ04#ũ.!411 ũ +%Ì-ũ(-!.-5#-(#-3#ēũ

/ , )-ŋ (ŋ ŋ # ,. ũ ũě ;d bW fWhhegk_W BW B_X[hjWZ Z[b YWdj d ;if[`e i[ h[Wb_pWd _cfehjWdj[i eXhWi W \Wleh Z[b i[Yjeh W jhWl i Z[ kd WYk[hZe [djh[ bW `kdjW fWhhe# gk_Wb o [b 9WX_bZe Z[ ;if[`e$ KdW Z[ [ijWi eXhWi YedijWd0 [b cWdj[d_c_[dje Z[ bWi l Wi o YWc_dei Z[ i[]kdZe ehZ[d Yed bW Ò dWb_ZWZ Z[ ZWh kdW Yece# Z_ZWZ Z[ bW ][dj[ Z[b YWcfe$ ;b Yedl[d_e j_[d[ kdW ZkhW# Y_ d Z[ eY^e c[i[i$ ÆDeiejhei WfehjWcei Yed YecXkij_Xb[ o cWdj[d_c_[dje Z[ bW cWgk_# dWh_W gk[ dei \WY_b_jW [b ckd_# Y_f_eÇ" _dZ_Y 7b\h[Ze ;ijhWZW" fh[i_Z[dj[ Z[ bW fWhhegk_W$ 7i c_ice" i[ h[Wb_pW bW [bWXehWY_ d Z[ [ijkZ_ei Z[

fheo[Yjei Z[ Z[iWhhebbe [dYW# c_dWZei W _dY[dj_lWh bW fhe# ZkYY_ d" [d [if[Y_Wb" [d be gk[ j_[d[ gk[ l[h Yed Wd_cWb[i c[# deh[i" h[\[h[dj[ W fehY_dei$ :[ _]kWb cWd[hW" bW h[YedijhkY# Y_ d o WZ[YkWh bWi \WY^WZWi Z[ bWi YWiWi W Ò d Z[ _dY[dj_lWh [b jkh_ice$ 9edl[d_e fWhW WZegk_dWh Wb]kdWi YWbb[i Z[b Y[djhe kh# XWde" [djh[ [bbWi0 YWbb[i 9WhY^_" ?i_Zhe 7oehW Yed Z_h[YY_ d Wb XWhh_e 9[djhe 7bje o [djhWZW Wb Y[c[dj[h_e dk[le$ :[ _]kWb cWd[hW" YedijW bW h[WZ[YkW# Y_ d Z[ bW YWiW Z[ WZkbjei cW# oeh[i" Y[hhWc_[dje o h[Yedi# jhkYY_ d Z[ bW kd_ZWZ Z[ iWbkZ Z[b XWhh_e ;beo 7b\Whe$

ēũ .2ũ24 !#-31.2ũ"#ũ2 +4"ũ2#ũ#-!4#-31 -ũ$.13 +#!(".2ũ#-ũ+ ũ/1.5(-!( ũ"#+ũ 1!'(ēũ .2ũ/ !(#-3#2ũ"# #-ũ++#% 1ũ /1(,#1.ũ ũ#23.2ũ2(3(.2ēũ .+.ũ#-ũ! 2.ũ"#ũ#,#1%#-!( ũ"# #-ũ !4"(1ũ ũ+.2ũ'.2/(3 +#2ēũ

ēũ -ũ ũ ( #13 "ũ2#ũ#)#!43 -ũ/1.8#!3.2ũ(,/.13 -3#2ēũ

[ijkf[\WY_[dj[i [d [ijkZ_Wd# ŋ )&# v ŋ- ŋ Z_ic_dk_h [b kie Z[ ikijWdY_Wi j[i W fWhj_h Z[ bei '( W ei$ ;ij[ jhWXW`e [i ckY^Wi l[# #(0)&/ , ŋ )(ŋ Y[i YeehZ_dWZe feh bW :_h[Y# Y_ d Fhel_dY_Wb Z[ ;ZkYWY_ d gk[ i[ XkiYWd [ijhWj[]_Wi & ŋ )'/(# ŋ o Yed`kdjWi fWhW [l_jWh gk[ bW Zhe]W o [b WbYe^eb_ice _dlW#

ũ ũ ě BW Feb_Y W i[ _dj[hWYj W Yed bW Yeckd_ZWZ Z[ CWh_iYWb IkYh[" [d [if[Y_Wb" [d WYY_ed[i Z[ fh[l[dY_ d Z[ Zhe# ]Wi" oW gk[ [n_ij[ [b h_[i]e Z[ gk[ ckY^ei [ijkZ_Wdj[i i[ l[Wd _dÓ k[dY_WZei feh f[hiedWi _d[i# YhkfkbeiWi$ BW Ò dWb_ZWZ Z[ bWi Y^WhbWi [i

ZWd W bW `kl[djkZ o W bW Yeck# d_ZWZ [d ][d[hWb$ BW Feb_Y W ^WY[ kd bbW# cWZe W bei ` l[d[i fWhW gk[ jec[d [b YWc_de Yehh[Yje" [b i[dZ[he Z[ bW iWX_Zkh W" [b YedeY_c_[dje gk[ b[i bb[lW W i[h kdWi f[hiedWi Z_]dWi o ^edehWXb[i$

ēũ 2ũ!' 1+ 2ũ04#ũ"(!3 ũ+ ũ .+(!~ ũ ũ-(5#+ũ/1.5(-!( +ũ#2ũ/1.5#!'.2 ũ / 1 ũ+ ũ)45#-34"ēũ

)-ŋ-/ (.,)-ŋ ŋ - &/ ŋ- ŋ ),. & (

.2ũ/ !(#-3#2ũ "#ũ+ ũ/1.5(-!( "# #1;-ũ/1(,#ı 1.ũ 3#-"#12#ũ#-ũ #23.2ũ#2/ !(.2ē

ũ ũě I[ _cfb[c[dj Z[i#

Z[ [b fh_c[he Z[ del_[cXh[ kd dk[le ceZ[be Z[ Wj[dY_ d$ 7 bei ^eif_jWb[i Z[ IWd =WXh_[b" ;b Ûd][b o JkbY|d bb[]Wh|d bei fWY_[dj[i gk[ l[dZh|d jhWdi\[# h_Zei Z[ bei Y[djhei o ikXY[djhei Z[ iWbkZ$ Bei ^eif_jWb[i jWd iebe Wj[d# Z[h|d [d bWi YkWjhe [if[Y_Wb_ZW# Z[i X|i_YWi0 f[Z_Wjh W" ]_d[Yebe# ] W" eXij[jh_Y_W o Y_hk] W$ HeX[hje FWbWY_ei" Z_h[Yjeh fhel_dY_Wb Z[ iWbkZ" _dZ_Y gk[ feh [`[cfbe" kd Y_kZWZWde gk[ l_l[ [d IWd ?i_Zhe j[dZh| gk[ i[h _diYh_je [d [b ikXY[djhe Z[ Z_Y^W fWhhegk_W$ F[he i_ d[Y[i_jW Wj[dY_ d [i# f[Y_Wb [d ZedZ[ de b[ fk[Z[d h[# iebl[h [b fheXb[cW [d ik fk[ije Z[ iWbkZ" [b fhe\[i_edWb h[Wb_pW#

# #1;-ũ(-2!1( (12#ũ ŗũũ .".2ũ+.2ũ!(4" " -.2ũ"# #-ũ(-2!1( (12#ũ +ũ24 !#-31.ũ"#ũ2 +4"ũ,;2ũ!#1! -.ũ / 1 ũ24ũ 3#-!(¢-ēũ 1 ũ2#1ũ/ 13#ũ"#+ũ/1(,#1ũ-(5#+ũ"#ũ 3#-!(¢-ũ"# #-ũ!.-23 1ũ#-ũ

#+ũ+(23 ".ũ"#ũ#23 ũ! 2 ũ"#ũ2 +4"ēũ 1 ũ 04#++.Ĕũ2#ũ1#!.,(#-" ũ++#5 1ũ+ ũ!./( ũ"#ũ + ũ!_"4+ ũ8ũ!./( ũ"#ũ+ ũ! 13 ũũ"#ũ+49ũ ũăũ-ũ"#ũ!.,/1. 1ũ+.2ũ-., 1#2ũ8ũ#+ũ2(3(.ũ#-ũ ".-"#ũ5(5#-ēũ 8ũ".2ũ"(%(3 ".1#2ũ04(#-#2ũ#)#!43 -ũ+ ũ(-2!1(/!(¢-ũ#-ũ! " ũ;1# ũ"#ũ2 +4"ēũ

h| [b fWi[ Wb ^eif_jWb Z[ ZedZ[ b[ Yehh[ifedZW$ Æ;b eX`[j_le [i Z[i# YedY[djhWh bei ^eif_jWb[iÇ" Z_`e [b \kdY_edWh_e$ Iebe [d YWie Z[ [c[h][dY_W fk[Z[d WY[hYWhi[ Z[ _dc[Z_Wje Wb ^eif_jWb c|i Y[hYWde" oW gk[ bei ikXY[djhei iebe Wj_[dZ[d [d [b Z W$ 4 !#-31.2ũ2#1;-ũ#04(/ ".2ũ

;d bWi Y_kZWZ[i Z[ ;b Ûd][b o IWd =WXh_[b jeZWl W de i[ WZ[# YkW bei bk]Wh[i [d ZedZ[ i[ ZWh| bW Wj[dY_ d Z[ fh_c[h d_l[b$ De eXijWdj[" WYbWh gk[ [d [b i[Yjeh hkhWb Z[b YWdj d Cedj \Wh" ;i# f[`e" 8eb lWh o C_hW" bei ikXY[d# jhei i[ [dYk[djhWd \ehjWb[Y_Zei o fh[ijei W Wj[dZ[h W bei fWY_[d# j[i$ ;n_ij[d ikXY[djhei gk[ j_[d[d

kd Xk[d d c[he Z[ fhe\[i_edWb[i Z[f[dZ_[dZe bW Z[cWdZW Yece [i [b YWie Z[ IWd @kWd Z[ BWY^Wi ZedZ[ bb[]Wd kikWh_ei _dYbkie Z[ ;ic[hWbZWi [ ?cXWXkhW$ Bei ikXY[djhei Yk[djWd Yed [gk_fe Yecfb[je o ik Wj[dY_ d [i ZkhWdj[ bei Ò d[i Z[ i[cWdW$ Æ:[iZ[ [b ( &&." bei Y[djhei Z[ iW# bkZ [ij|d [d YedZ_Y_ed[i Z[ fh[i# jWh Wj[dY_ d efehjkdWÇ$ >Wo Y[hYW Z[ 'c_b +&& c_bbed[i Z[ Z bWh[i fWhW c[Z_YWc[djei o i[ Wif_hW gk[ kdW Xk[dW fWhj[ Z[ [i[ Z_d[he bb[]k[ fWhW bei Y[djhei Z[ iWbkZ Z[b 9WhY^_ gk[ YWh[Y[d Z[ Y_[hjei c[Z_YWc[djei$ ;d bW fhel_dY_W i[ Yk[djW Yed ,( kd_ZWZ[i o jh[i ^eif_jWb[i kX_# YWZei [d0 JkbY|d Yece i[]kdZe d_l[b o bei X|i_Yei Z[ IWd =WXh_[b Ä (+ YWcWi# o ;b Ûd][b #'+ YWcWi$


āąŏ ŏ āąŏ ŏ ŏĂĀāā ŏ +. ŏ ġ

āĊ

!/,# ŋ /, (. ŋ & -ŋðŋ -. : ũě Feb_Y Wi o c_b_jWh[i

ēũ .2ũ5#'~!4+.2ũ !!("#-3 ".2ũ#23;-ũ ,.-3.- ".2ũ#-ũ+.2ũ/ 3(.2ũ"#ũ+ ũ #$ 341 ũ"#ũ 1;-2(3.ũ"#+ũ 1!'(ũĸ .3.ũ 1!'(5.Ĺē

)(.#(Ä (ŋ&)-ŋ # (. -ŋ ŋ .,6(-#.)ŋ (ŋ& ŋ ( ' ,# ( #ũ 31( 48#ũ ũ+ ũ (-%#23 ũ"#ũ+(!.1ēũ ũ 9.- ũ,;2ũ/#+(%1.2 ũ #2ũ#-ũ#+ũ2#!3.1ũ"#ũ 4+(.ũ -"1 "#ēũ

fheZk`e bW ck[hj[ _dijWdj|d[W Z[ Zei f[hiedWi o Z[` ^[h_ZWi W Zei c|i$ I[ fh[ikc[ gk[ bei eYkfWdj[i Z[b l[^ Ykbe Z[ i[hl_Y_e f Xb_Ye ^WX Wd _d][h_Ze b_Yeh" i[] d bWi l[hi_ed[i fh[b_c_dWh[i Z[ bW Fe# b_Y W Z[ Jh|di_je$ ;ij[ de [i [b d_Ye ^[Y^e gk[ i[ fheZkY[ [d [b bk]Wh" fk[i ied _ddkc[hWXb[i bei Y^egk[i o leb# YWc_[djei ikiY_jWZei [d bei b# j_cei c[i[i o gk[ [dbkjWhed W \Wc_b_Wi Z[ bW pedW$ FWhW [b YedY[`Wb Z[b YWdj d JkbY|d o [n fh[i_Z[dj[ Z[ bW @kd# jW FWhhegk_Wb Z[ @kb_e 7dZhWZ[" =[elWddo L[bW" bW fh_dY_fWb YWk# iW Z[ bei WYY_Z[dj[i Z[ jh|di_je [i [b Yedikce Z[ b_Yeh$ ÆDeiejhei de feZ[cei Z[Y_h#

: ũ ě ;d be gk[ lW Z[b W e

ied _ddkc[hWXb[i bei WYY_Z[d# j[i Z[ jh|di_je h[]_ijhWZei [d bW YWhh[j[hW FWdWc[h_YWdW Deh# j[" [if[Y_Wbc[dj[ W bW WbjkhW Z[ bW fWhhegk_W Z[ @kb_e 7dZhWZ[" f[hj[d[Y_[dj[ Wb YWdj d JkbY|d$ ;b c|i h[Y_[dj[i i[ ikiY_j [d bW cWZhk]WZW Z[b bj_ce i|# XWZe YkWdZe kd jWn_ i[ _cfWYj YedjhW kd jhW_b[h$ ;b \WjWb Y^egk[

1 8#!3.ũ/#+(%1.2. ŗũũ +ũ31 ,.ũ!.,/1#-"(".ũ#-31#ũ 4+(.ũ -"1 "#Ĕũ 4 ! ũ8ũ -ũ 1(#+Ĕũ#2ũ".-"#ũ ,;2ũ !!("#-3#2ũ"#ũ31;-2(3.ũ2#ũ' -ũ1#%(231 ".ũ#-ũ+.ũ04#ũ5 ũ"#+ũ .ē ŗũ ũ 8ũ"($#1#-3#2ũ! 42 2ēũ ũ,;2ũ"#+ũ!.-24,.ũ"#ũ+(!.1ũ2#ũ 31( 48#ũ +ũ#7!#2.ũ"#ũ 5#+.!(" "ũ04#ũ(,/1(,#-ũ +%4-.2ũ!.-"4!3.1#2ũ8ũ ũ+ ũ(,/#1(!( ũ"#ũ.31.2ē ŗũ ũ ũ .+(!~ ũ"#ũ 1;-2(3.ũ/4 +(!(3 ũ+ ũ #8Ĕũ/#1.ũ' 8ũ!'.$#1#2ũ04#ũ' !#-ũ! 2.ũ.,(2.ũ ũ+ 2ũ-.1, 3(5 2ũ8ũ2(%4#-ũ, -!' -".ũ"#ũ2 -%1#ũ+ 2ũ5~ 2ē b[i W bei ` l[d[i gk[ Z[`[d Z[ je# cWh$ ;i h[ifediWX_b_ZWZ Z[ [bbei o Z[ bei fWZh[i Z[ \Wc_b_W" gk_[# d[i de i[ fh[eYkfWd Z[ iki ^_`ei fWhW gk[ h[YWfWY_j[d o YWcX_[d Z[ WYj_jkZÇ" [d\Wj_p [b [Z_b$ EjhW YWkiW [i bW \WbjW i[ i[ Wb_# pWY_ d" i[] d L[bW" gk_[d h[YehZ gk[ YkWdZe [`[hY_ bW fh[i_Z[dY_W Z[ bW @kdjW FWhhegk_Wb ][ij_ed bW i[cW\eh_pWY_ d" f[he ^WijW bW \[#

ũ ũ ũ ũ : ũ ũ ũ ũ ũ

ũ ũ ^ ũ

ŢŴ Ŵ,$"($Ŵ0 2 Ŵ3$2Ŵ3 ,5# !,$ğŴ#$!$Ŵ3$2Ŵ /!4$.)# Ŵ#$Ŵ .)- ,$3Ŵ3 ./3ğŴ/2#$« ļ # Ŵ$.Ŵ%/2- Ŵ()&)j.)" ğŴ0 34$52): # Ŵ9Ŵ 42 .30/24 # Ŵ$.Ŵ6$( "5,/3Ŵ2$%2)&$2 ļ #/3Ŵ9Ŵ0 2 Ŵ35Ŵ"/.35-/Ŵ#$!$Ŵ"/.3$2ļ 6 23$Ŵ$.Ŵ2$%2)&$2 ")­.Ğ ŢŴ 3 Ŵ"/-/Ŵ, Ŵ,$"($Ŵ$3Ŵ5.Ŵ$8"$,$.4$Ŵ ,)ļ -$.4/Ŵ0 2 Ŵ$,Ŵ(/-!2$ğŴ4 -!)j.Ŵ$3Ŵ5.Ŵ -$#)/Ŵ0 2 Ŵ, Ŵ02/#5"")­.Ŵ#$Ŵ! "4$2) 3Ğ ŢŴ . Ŵ&2 .Ŵ0 24$Ŵ#$Ŵ, 3Ŵ).4/8)" ")/.$3Ŵ 0/2Ŵ ,)-$.4/3Ŵ3/.Ŵ" 53 #/3Ŵ0/2Ŵ, Ŵ ,$"($Ŵ# « # ğŴ9 Ŵ3$ Ŵ0/2Ŵ"/.4 -). ļ ")­.Ŵ$.Ŵ$,Ŵ(/& 2Ŵ/Ŵ#$,Ŵ3)4)/Ŵ#/.#$Ŵ3$Ŵ,/Ŵ &5 2# Ğ ŢŴ Ŵ - 9/2 Ŵ #$Ŵ , 3Ŵ ")5# #$3Ŵ #$,Ŵ -5.#/Ŵ4)$.$.Ŵ2$&, -$.4/3Ŵ$342)"4/3Ŵ

$.Ŵ"5 .4/Ŵ Ŵ15$Ŵ4/# Ŵ, Ŵ,$"($Ŵ#$!$Ŵ3$2Ŵ $4"ĞĢŴ3$ .Ŵ02/6$.)$.4$3Ŵ#$Ŵ,/3Ŵ15$Ŵ, Ŵ 0 34$52): # ĞŴ #$-<3Ŵ#$Ŵ15$Ŵ#$!$Ŵ /2#$« .Ŵ15$Ŵ, 6 .Ŵ,/3Ŵ2$")0)$.4$3Ŵ"/.Ŵ &5 2# 23$Ŵ3)$-02$Ŵ$.Ŵ2$%2)&$2 ")­.Ğ &5 Ŵ"/.4 -). # Ŵ#$Ŵ "$15) 3ğŴ0/:/3Ŵ /Ŵ2 /3ĞŴ ŢŴ 2 3-)4$Ŵ$.%$2-$# #$3ġ ŢŴ 3Ŵ 3 Ŵ"/-/Ŵ3$Ŵ( .Ŵ42 .3-)4)#/Ŵ$0)#$ļ ŢŴ )Ŵ"5-0,)-/3Ŵ"/.Ŵ4/# 3Ŵ, 3Ŵ02$" 5")/ļ -) 3Ŵ#$Ŵ4)%/)#$ ğŴ$3" 2, 4). ğŴ#)%4$2) ğŴ .$3Ŵ0 2 Ŵ4/- 2Ŵ,$"($ğŴ/!3$26 -/3Ŵ15$Ŵ$,Ŵ -)&# ,)4)3ğŴ$4"Ğ .×-$2/3Ŵ#$Ŵ&j2-$.$3Ŵ15$Ŵ4$.& Ŵ( 34 Ŵ ŢŴ 2 Ŵ$6)4 2Ŵ$34/3Ŵ0$,)&2/3ğŴ3$Ŵ2$"/ļ $,Ŵ-/-$.4/Ŵ#$Ŵ"/.35-)2, Ŵ3$2<Ŵ- .)-/Ŵ -)$.# Ŵ./Ŵ"/.35-)2Ŵ, Ŵ,$"($Ŵ"25# Ŵ15$Ŵ 9Ŵ./Ŵ" 53 2<Ŵ$.%$2-$# #$3ĞŴ , Ŵ6$.#$Ŵ$.Ŵ, 3Ŵ" ,,$3ğŴ0 215$3Ŵ/Ŵ$.Ŵ"5 ,ļ ŢŴ .Ŵ" 3/Ŵ"/.42 2)/Ŵ"5 .#/Ŵ./Ŵ$3Ŵ42 ļ 15)$2Ŵ-$#)/Ŵ#$Ŵ42 .30/24$Ŵ -!5, .4$ğŴ 4 # Ŵ()&)j.)" -$.4$ğŴ$,Ŵ.×-$2/Ŵ#$Ŵ 3)./Ŵ, Ŵ,$"($Ŵ15$Ŵ( Ŵ3)#/Ŵ0 34$52): # Ŵ/Ŵ &j2-$.$3Ŵ3$2<Ŵ$,$6 #/Ŵ9Ŵ0/#2<Ŵ42 .3ļ 3/-$4)# Ŵ Ŵ42 4 -)$.4/Ŵ()&)j.)"/Ğ -)4)2./3Ŵ#)6$23 3Ŵ$.%$2-$# #$3ğŴ3$ .Ŵ ŢŴ /- #/Ŵ#$Ŵ, Ŵ 5 Ŵ#$Ŵ"/.3$*/3Ŵ3/!2$Ŵ 02/6$.)$.4$3Ŵ#$,Ŵ-)3-/Ŵ .)- ,ğŴ"/-/Ŵ , Ŵ02$6$.")­.Ŵ#$Ŵ$.%$2-$# #$3Ŵ"/.35ļ 45!$2"5,/3)3ğŴ!25"$,/3)3ğŴĎŴ$!2$Ŵ %4/3 ğŴ -)$.#/Ŵ,$"($Ŵ()&)j.)" Ğ

Y^W de ^Wo dWZW YedYh[je$ EjhWi Wkjeh_ZWZ[i o ^WX_jWdj[i Z[b bk]Wh" _dYbkie" ^Wd f[Z_Ze kd fk[dj[ f[WjedWb$ JWcfeYe i[ ^W ^[Y^e h[Wb_ZWZ$ ;b YedY[`Wb Wi[]kh gk[ ^W ie# b_Y_jWZe W bW Feb_Y W c|i Yedjheb W bei YedZkYjeh[i fWhW eXi[hlWh [b [ijWZe [d gk[ YedZkY[d bei l[^ # Ykbei" f[he bWc[djWXb[c[dj[ de be ^W ^[Y^e$

1, !( 2ũ"#ũ341-.

0$1$%Ì GH $*2672 < /2-$ 78/&É1 2/0('2 < 52&$)8(57( 20(*$ 2/0('2 < 48,72

Z[b 8WjWbb d CWoeh =Wbe Ce# b_dW h[Yehh[d bWi YWbb[i Y d# jh_YWi Z[ JkbY|d Yed [b Ò d Z[ [l_jWh ^[Y^ei Z[b_Yj_lei$ ;b Yedjheb i[ \ehjWb[Y_ [d [ijei Z Wi" [if[Y_Wbc[dj[ [d bW YWf_jWb YWhY^[di[ feh bWi \[ij_l_ZWZ[i Z[ bW fhel_dY_W$ BW ][dj[ ^W l_ije Yed W]hW# Ze bW fh[i[dY_W Z[ bW \k[hpW f Xb_YW [d bWi YWbb[i$ 9Whbei Ceh|d" Yec[hY_Wdj[" Z_`e gk[ WokZWh| W Z_ikWZ_h W bei Wdj_# ieY_Wb[i" [if[Y_Wbc[dj[ W bei c|i YedeY_Zei gk[ WdZWd [d XkiYW Z[ l Yj_cWi$ >_bZW Fepe" WcW Z[ YWiW" [nfh[i gk[ i[ Z[X[d \ehjW# b[Y[h bei ef[hWj_lei [ij[ o [b fh n_ce c[i fehgk[ i[ WY[h# YWd bWi Ò [ijWi Z[ DWl_ZWZ o Ò d Z[ W e de iebWc[dj[ [d [b Y[djhe Z[ JkbY|d i_de [d bei Z_\[h[dj[i XWhh_ei o Y_kZWZ[# bWi Z[ bW Y_kZWZ$ ?]kWb ef_dWhed ejhWi f[h# iedWi [djh[l_ijWZWi feh [ij[ hejWj_le Wb cWd_\[ijWh gk[ bei Yedjheb[i Z[X[d [`[YkjWhi[ [d Z_\[h[dj[i bk]Wh[i fWhW YedjhWhh[ijWh bei Z[b_jei$

ēũ ũ .+(!~ ũ$.13 +#!(¢ũ +.2ũ./#1 3(5.2ũ#-ũ+ 2ũ! ++#2ũ"#ũ 4+!;-ũ8ũ.31 2ũ!(4" "#2ũ"#ũ+ ũ /1.5(-!( ē

^ ũ ũ ũ Ë

.+(!~ ũ ĒđćıĊČĎ ., #1.2ũ ĒđćıĉĉĒ 149ũ .) ũũũũũũũũũũũũũũũũũũũũũũũũũũũũũĒđćıĈćć -!.ũ"#ũ -%1#ũũũũũũũũũũũũũũũĒđćıĐĐĐ .2/(3 +ũ ĒđćıĊĈď . #1- !(¢-ũ ũĒđćıĊćĈ -3#-"#-!( ũ ĒđćıĐĒĈ .+(!~ ũ 4"(!( +ũ ũũũĒđćıďČĊ 1;-2(3.ũ ũĒđćıĊćĊ (%1 !(¢-ũũũũũũũũũũũũũũũũũũũũũũũũũũũũũũĒđĎıđĈĒ -3(- 1!¢3(!.2ũ ũũũũũũũũũũũũĒďćıĈďĉ

../ēũĉĒũ"#ũ !34 1#ũũũũũũũũĉĒđćıĈĊĊ ../ēũ +.ũ 4 .9ũ #% ũĉĒđĐıĈĊĒ ../ēũ '.11.ũ 4+!;-ũũũũũũũũũĉĒđćıĎĈď ../ēũ ;, 1 ũ ēũ 4(3.ũũũĉĒđĊıČĎĐ


ŏ ŏ ŏ ŏ ŏ ŏ

ĂĀ ĂĀ

Ė Ė .,/1 ĵ5#-3 ĵ1#-3 ũ"#ũ3#11#-.2Ĕũ 2 2ĵă ũ-! ĵ!.,/1 ĵ5#-3 ĵ"#ı ! 2 2Ĕũ"#/ 13 ,#-3.2ũ8ũ.ăũ!(- 2ē / 13 ,#-3.2ĵ 11(#-".2ē

.,/1 ĵ5#-3 ũ"#ũ3.".ũ3(/.ũ"#ũ .,/1 ĵ5#-3 ũ"#ũ3.".ũ3(/.ũ"#ũ 5#'~!4+.2 5#'~!4+.2

4#23.2Ĕũ./.134-(" "#2ũ"#ũ .,/1 ĵ5#-3 ĵ! , (.ē 31 ).ē ũũ 4#23.2Ĕũ./.134-(" "#2ũ"#ũ #15(!(.2ũ!412.2Ĕũ!.-2314!!(¢-Ĕũ 31 ).ũē !.-24+3.1~ ē

0%!),+ 0%!),+ 0%!),+ (! 01. (! 01. (! 01. āĆŏ)%*ċ āĆŏ)%*ċ āĆŏ)%*ċ

:

ŏĂĀāā ŏĂĀāā āąŏ ŏ āąŏ ŏ ŏĂĀĀĉ ĂĂŏ ŏ

ŏ +. ŏ ŏ +. ŏ ŏ +. ŏ

04#" -.ũ #+ĖũĎćĊĉďďĔũĉĉĉČćĎĔũ .! $4#1#ēũ #+ĖũĉĒĎďĎćĉĔũĉďćĐďĉĎũ 7Ėũ ĉĉĉČćďũ 7ĖũĉĉđĒĈđ ĉďĈĉďďĈ %#-!( ĉĖũ +#,#-3#ũ .-!#ũĉĈĒũ8ũ4-~-ı 4+!;-Ėũ 4!1#ũ#-31#ũ 8 !4!'.ũ8ũ (#"1 '(3 ēũ 7ĖũĎďćĐĊČ #+ĖũĉĒđČĎĎĈē ũ 7ĖũĉĒđČďČď %#-!( ĊĖũ 1#- 2ũĉĉćũ8ũĈćũ"#ũ %.23.ũ ĎŖũ (2.ũ #+ĖũĎććĉČĎĔũĎĎĎČĊćĔũĎĎĎČĊĈĔũ ĎĎĈĎĎĉē + -3 ũ "(3.1 Ėũ - ,#1(! - ũ .13#ũ %#-!( ĈĖ ũ #(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ ũĊēĎũ #+ĖũČĐĎĐĉĊĔũČĐĎĐĉČĔũČĐĎĐĉĎĔũ 04#" -.ũ #+ĖũĎćĊĉďďĔũĉĉĉČćĎĔũ ČĐĎĐĉďĔũČĐĎĐĉđē ĉĉĉČćďũ 7ĖũĉĉđĒĈđ

04#" -.ũ #+ĖũĎćĊĉďďĔũĉĉĉČćĎĔũ .+~5 1ũ8ũ .! $4#13#ēũ #+ĖũĊũĉũČĉĈũĐĊć ĉĉĉČćďũ 7ĖũĉĉđĒĈđ 7ĖũĊũĉũČĉĈũĐĊĈ

%#-!( ĉĖũ +#,#-3#ũ .-!#ũĉĈĒũ8ũ

ġ ġ ġ

ı

%#-!( ĈĖ ũ #(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ 11 Ėũ ++#ũ #)~ ũĊĎćũ#-31#ũ 4!1#ũ8ũ

ũ }

.,/1 ĵ5#-3 ũ"#ũ. )#3.2Ĕũ#+#!31.ı .,/1 ĵ5#-3 ũ"#ũ. )#3.2Ĕũ#+#!ı ".,_23(!.2Ĕũ,4# +#2Ĕũ.ă ũ!(- ēũ#3!ē

ı (#"1 '(3 ēũ 7ĖũĎďćĐĊČ %#-!( ĈĖũ #(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ %#-!( ĊĖũ 1#- 2ũĉĉćũ8ũĈćũ"#ũ %.23.ũ 04#" -.ũ #+ĖũĎćĊĉďďĔũĉĉĉČćĎĔũ ĎŖũ (2.ũ #+ĖũĎććĉČĎĔũĎĎĎČĊćĔũĎĎĎČĊĈĔũ ĉĉĉČćďũ 7ĖũĉĉđĒĈđ ĎĎĈĎĎĉē %#-!( ĈĖũ #(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ + -3 ũ "(3.1 Ėũ - ,#1(! - ũ .13#ũ 04#" -.ũ #+ĖũĎćĊĉďďĔũĉĉĉČćĎĔũ ũĊēĎũ #+ĖũČĐĎĐĉĊĔũČĐĎĐĉČĔũČĐĎĐĉĎĔũ ĉĉĉČćďũ 7ĖũĉĉđĒĈđ ČĐĎĐĉďĔũČĐĎĐĉđē

%#-!( ĈĖũ ++#ũ 4(3.ũ ũćĉıČĎũ#-31#ũ #(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ %#-!( ĈĖũ

%#-!( ĉĖũ +#,#-3#ũ .-!#ũĉĈĒũ8ũ + -3 ũ "(3.1 Ėũ , 41 ũĈĎđČũ8ũĈđũ

(#"1 '(3 ēũ 7ĖũĎďćĐĊČ "#ũ .5(#, 1#Ĕũ "(ăũ!(.ũ .5(2 ēũũ #+$ĖũĐũ %#-!( ĊĖũ 1#- 2ũĉĉćũ8ũĈćũ"#ũ %.23.ũ ĉĎĐĐćĒĒĔũĐũĉĎđĎũđćĎē ĎŖũ (2.ũ #+ĖũĎććĉČĎĔũĎĎĎČĊćē 7ĖũĐũĉĎĐđđČđ

%#-!( ĈĖũ #(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ + -3 ũ "(3.1 Ėũ .13.5(#).ũ ,ũČĔĎũ5~ ũ ũ 04#" -.ũ #+ĖũĎćĊĉďďĔũ -3 ēũ #+ĖĎũĉĒĊĈćĒĈē

%#-!( ĉĖũ +#,#-3#ũ .-!#ũĉĈĒũ8ũ %#-!( ũ -3 Ėũ 5ēũ 4 13 Ĕũ#-31#ũ! ++#ũ (#"1 '(3 ēũ 7ĖũĎďćĐĊČ đũ8ũĒēũ #+$ĖũĎũĉũďĉĉĎđĈĔũĎũĉďĉČĎđĎē + -3 ũ "(3.1 Ėũ - ,#1(! - ũ .13#ũ %#-!( ũ '.-#Ėũ ++#ũ .+~5 1ũ#-31#ũ (ı ũĊēĎũ #+ĖũČĐĎĐĉĊĔũČĐĎĐĉČĔũČĐĎĐĉĎĔũ !'(-!' ũ8ũ .+¢-Ĕũ "ēũ _+#9ũĊ#1ũ (2.ēũ #+Ėũ ČĐĎĐĉďĔũČĐĎĐĉđē ĎũĉďĒďũćĈĈē

%#-!( ĈĖũ ~!3.1ũ #(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ %#-!( ĈĖũ 1 ,(+.ũ 231 " ũđĈũ

#(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ %#-!( ĈĖũ #(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ

04#" -.ũ #+ĖũĎćĊĉďďĔũ Č ũ#ũ (%4#1 2ũıũ 1"#2 ũ #-31 +ē #+ĖũČũĉĊđĎĒđĈĔũČũĉĊđĎĒĐĊē

ũ

04#" -.ũ #+ĖũĎćĊĉďďĔũ %#-!( ĈĖũ .+~5 1ũ2ĵ-ũ8ũ .! $4#13#ũ ĸ 20ēĹũ "(ă (+#-(4,ēũ #+$Ėũďũĉũ %#-!( ĈĖũũ!(.ũ #(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ

04#" -.ũ #+ĖũĎćĊĉďďĔũĉĉĉČćĎĔũ 04#" -.ũ #+ĖũĎćĊĉďďĔũĉĉĉČćĎĔũ ĉĉĉČćďũ 7ĖũĉĉđĒĈđ ĉĉĉČćďũ 7ĖũĉĉđĒĈđ

%#-!( ĈĖũ #(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ 4(2ũ ;104#9ũ8ũ , 9.- 2Ĕũ

04#" -.ũ #+ĖũĎćĊĉďďĔũĉĉĉČćĎĔũ ũŒĈĒũ #-31.ũ .,#1!( +ũ #(- "#+ũ (2-#Ĕũ ĉĉĉČćďũ 7ĖũĉĉđĒĈđ #+ĖũũĐũĉũďćďũĐĎćē

%#-!( ĈĖũ #(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ ĐĉđďćĉĔũďũĉũĐĉđďććĔũďũĉũĐĉĉĉĒČē 04#" -.ũ #+ĖũĎćĊĉďďĔũĉĉĉČćĎĔũ ĉĉĉČćďũ 7ĖũĉĉđĒĈđ 04#" -.ũ #+Ėũ ĎćĊĉďďē

ĉĒđČĎĎĈũıũĉďĈĉďďĈũıũĉĒĉĎĒĐĊ ĉĒđČĎĎĈũıũĉďĈĉďďĈũıũ ĉĒĉĎČĐĐ ĉĎĎĈıĎĎĉ 1($ 2

HK HP

9(1'2 +(5026$ &$6$ (1 ,%$55$ 7VY LZ[YLUHY HTWSPVZ QHYKPULZ TL[YVZ KL JVUZ[Y\JJP}U WHYX\LHKLYVZ [LYTPUHKVZ KL WYPTLYH ZVSV PU[LYLZHKVZ 0UMVYTLZ! :LJ[VY *VSLNPV :HU +PLNV HK HP

),1&$ (/ É1*(/ )LQFD GH KDV VHFWRU (O ÉQJHO &DUFKL FDVD HVWDEOR DJXD ULHJR DJXD SRWD EOH $SWD SDUD DJULFXOWXUD \ JDQDGHUtD \ WXULVPR 6ROR LQWHUHVDGRV PU DW

6( 9(1'( &$6$6 'H GyODUHV XQD SODQWD GH KRUPLJyQ FRQVWD GH GRV GRUPL WRULRV VDOD FRPHGRU FRFLQD EDxR FRQ SDWLR \ ODYDQGHUtD ,Q IRUPHV DG DL

'( 2325781,'$' 9(1'2 &$6$ (Q HO FHQWUR GH OD FLXGDG D PHGLD FXDGUD GHO QXHYR 5HJLVWUR &LYLO GH PHWURV HQ OD FDOOH 5RFDIXHUWH \ 9HODVFR ,QIRUPHV DG DL

'(3$57$0(172 (1 48,72 9HQGR GH RSRUWXQLGDG GH WUHV GRUPL WRULRV JDUDMH \ VHFDGHUR HQ FRQMXQWR ´7RUUHV 6DQ LVLGURµ FHUFD D OD 8'/$ ,QIRUPHV DG DL

9(1'2 &$6$ (1 ,%$55$ GRUPLWRULRV VDOD FRPHGRU FRFLQD JDUDMH WHUUD]D FRQ PLQL GHSDUWDPHQ WR 'LUHFFLyQ 3HGUR 0RQFD\R \ 6XFUH 7HOIV DG DL

9(1'2 '( 2325781,'$' 'HSDUWDPHQWR GH GRUPLWRULRV JDUDMH FXELHUWR HQ FRQMXQWR FRQ JXDUGLDQtD SLV FLQD VDXQD WXUFR HWF FHUFD D OD 8'/$ \ HVWDFLyQ (FRYtD ,QIRUPHV DG DL

6( 9(1'( &$6$6 'H GyODUHV GRV SODQ WDV GH KRUPLJyQ FRQVWD GH WUHV GRUPLWRULRV GRV EDxRV VDOD FR PHGRU FRFLQD FRQ ODYDQGHUtD \ WHUUD]D ,QIRUPHV DG DL

;LStMVUVZ! HK HP

VENDO

/(*0,5+(: -05*(: 70:6: *(:(:

OHZ KL WV[YLYVZ JHILaHZ KL NHUHKV JHZH KL /KH KL S\QV JHZHZ IVKLNHZ JHIH|HZ HW[V WHYH LS [\YPZTV " OHZ WSHUHZ HW[V WHYH ZPLTIYH KL HN\HJH[L JH|H V[YVZ WYVK\J[VZ HN\H KL YPLNV JHZHZ TLQVYHZ " OHZ [VKV WV[YLYVZ JHWHJPKHK WHYH JHILaHZ KL NHUHKV " OHZ JVU NHUHKV " OHZ KL WV[YLYVZ JVU HN\H KL YP} mYIVSLZ MY\[HSLZ HW[V WHYH WYV`LJ[VZ OHZ [LYYLUV KL JHSPKHK HW[V WHYH SH HNYPJ\S [\YH " -PUJHZ HNYxJVSHZ NHUHKLYHZ T JVU JHZH [PWV JHIH|HZ ZLJ[VY LS *HYTLU )LSSH]PZ[H )HQH " ZL OHJL ]LUKLY ` JVTWYHY [VKV [PWV KL IPLULZ ;LStMVUVZ!

HK HP

9(1'2 7(55(12 +L TL[YVZ LU 5H[HI\LSH H J\HKYHZ KL SH 7HUHTLYPJHUH ULNVJPHISLZ 0UMVYTLZ! HK HP

VENDO TERRENO T[Z JVU JLYYHTPLU[V KL SHKYPSSVZ ` JVUZ[Y\JJP}U KL T[Z WVY LZ[YLUHY [VKVZ SVZ ZLY]PJPVZ ImZPJVZ ZVSV PU[LYLZHKVZ 0UMVYTLZ! :LJ[VY *VSLNPV :HU +PLNV

/27(6 '(6'( & 0

6LQ LQWHUPHGLDULRV SODQRV DSUR EDGRV DJXD OX] +HUPRVR FOL PD HVFULWXUDV LQPHGLDWDV FRQ HO GH HQWUDGD ,QIRUPHV DG DL

6( 9(1'( 8Q ORWH GH WHUUHQR GH PWV HQ OD FLXGDG GH $WXQWDTXL EDUULR 6DQWD 0DULDQLWD FDOOH $WDKXDOSD \ DQWLJXR SHDMH ,PEDEXUD ,QIRU PHV DG DL

9(1'2 PHWURV GH WHUUHQR HQ ORV +XHUWRV )DPLOLDUHV WUDV GHO FROH JLR <DKXDUFRFKD FRQ VHUYLFLRV EiVLFRV ,QIRUPHV DG DL

JHTPVULZ 1(* H|V ` WVJV YLJVYYPKV 0U[LYLZHKVZ SSHTHY HS

3$3(/(5Ì$ ´/$ Ô1,&$µ

9(1'2 $872

DG DL

&('2 $&&,21(6 &RRSHUDWLYD GH WD[LV $MD Yt SDUDGD +RVSLWDO ,(66 WHOpIRQR DG DL

6( 9(1'( 2 &$0%,$ 9LWDUD SXHUWDV DxR HQ EXHQ HVWDGR GH SUHIHUHQ FLD FRQ 5RGHR GH SLVWR QHV 7HOpIRQR DG DL

9(1'2 2 &$0%,2 )ODPDQWH 0LQLYDQ 0D] GD SDVDMHURV DxR NP FRORU %HLJH ,Q IRUPHV DG DL

$55,(1'2 +$%,7$&,Ð1

HV

1(&(6,72

&DMHURV \ YHQGHGRUHV SDUD WUDEDMDU HQ ,QWHU 'XW\ )UHH 3RU IDYRU SUHVHQWDU FDUSHWDV HQ HO 6HFWRU 5XPLFKDFD 7HOpIRQRV

6( 1(&(6,7$ -yYHQHV SDUD IDEULFDU EORTXHV \ DGRTXLQHV ,QWHUHVDGRV OODPDU DO DG DL

1(&(6,72 3(5621$/ 3DUD WUDEDMDU HQ YHQWDV 3URGXFWR 6DOXG \ %LHQHVWDU ,QIRUPHV DO 'L UHFFLyQ $Y 3pUH] *XHUUHUR \ 6iQFKH] \ &LIXHQWHV & & $PD]RQDV SODQWD EDMD OR FDO 1R GLDJRQDO 0HUFDGR $PD]RQDV DG DL

6( 1(&(6,7$ $X[LOLDU GH RGRQWRORJtD 3UH VHQWDU FXUUtFXOXP HQ OD $Y 0DULDQR $FRVWD GLD JRQDO D 79 &DEOH DG DL

6( $55,(1'$ '(3$57$0(172

&5,6723+(5 52< (;3(572 (1 $0$55(6 '( $025 $PDUUHV \ SDFWRV GH DPRU DO LQVWDQWH 7H HQFXHQWUDV GHVHVSHUDGR WULVWH DPDUJDGR VXIULHQGR OORUDQGR \D QR TXLHUHV YLYLU SRUTXH HO VHU TXH DPDV WH GHVSUHFLD WH KXPLOOD WH UHFKD]D HVWD LQGLIHUHQWH QR TXLHUHV VDEHU QDGD GH WL R \D WH DEDQGRQy UHDOL]R WUDEDMRV FRQ PDJLD EODQFD \ URMD R XQ SRGHURVR SDFWR RFXOWR SDUD TXH HVH VHU DPDGR UHJUHVH DO LQVWDQWH KXPLOODGR DUUDVWUDGR FRPSUHQVLYR VXPLVR KDUi OR TXH WX GLJDV SLGDV R GHVHHV \ QXQFD QDGD QL QDGLH ORV VHSDUDUi 6ROR WUiLJDPH IRWR SUHQGD R QRPEUH \ OR UHDOL]DUp GHODQWH GH WXV RMRV &XUDPRV GDxRV EUXMHUtDV VDODPLHQWRV YLFLRV LPSRWHQFLDV VH[XDOHV \ HQIHUPHGDGHV UDUDV QR PiV OiJULPDV QR PiV VXIULPLHQWRV

9,6Ì7$0( 2 //É0$0( (1 (67( 020(172 48( 5($/,=2 78 $0$55( 6(3$5$ 78 &2168/7$

VENDO CACHORRITOS PINCHER 7\YVZ ]HJ\UHKVZ WHKYLZ JVU 7LKPNYLL

&yPRGR SDUD IDPLOLD KRQRUDEOH VLQ QLxRV &DOOH /XFLOD %HQDOFi ]DU \ $Y 7HRGRUR *yPH] DG DL

PU DW

3RU PRWLYR GH WLHPSR VH YHQGH DXWR 'DHZRR /DQRV FRORU SORPR SXHUWDV DxR HQ GyODUHV VROR SRU HVWH PHV OODPDU DO Q~PH UR 6ROR LQWHUHVDGRV

#+ĖũĉĎĎĈıĎĎĉũ 7ĖũĉĎĎĉıĈĊĎĔũ.ũ, 1! ũ ũ!4 +04(#1

$PREODGD FRQ WRGRV ORV VHUYL FLRV EiVLFRV LQFOXLGR ,PEDFDEOH $Y 6DXFH <DFXFDOOH ,Q IRUPHV DG DL

HK

SE VENDE

.-3 !3.

6( $55,(1'$

PU DW

#ũ+4-#2ũ ũ5(#1-#2ũ"#ũđĖććũ ũ ũĊĖććũ

8Q $SDUWDPHQWR KDELWDFLRQHV XQ EDxR FRFLQD FRPHGRU \ WHUUD]D XQD RÀ FLQD HQ 9LFHQWH 5RFDIXHUWH HQWUH -XDQ GH 9HODVFR \ 3HGUR 0RQ FD\R MXQWR DO QXHYR 5HJLVWUR &LYLO HQ ,EDUUD 7HOI DG DL

*HZHZ LU 6[H]HSV ZLJ[VY )VZX\L KL :HU 7LKYV JHZH KL WSHU[HZ WHYX\LHKLYV WHYH I\ZLZ " SH V[YH \UH WSHU[H " JHZH LU LS JLU[YV KL WSHU[HZ " V[YHZ JHZHZ" LU 0IHYYH JHZH KL KLWHY[HTLU[VZ NHYHQL WHYH I\ZLZ ZLJ[VY LZX\PUHZ " JHZHZ JVU MPUHUJPHTPLU[V H " JHZHZ " JHZHZ LU *V[HJHJOP S\NHY JVTLYJPHS " JHZH LU *V[HJHJOP JHZH NYHUKL LS WPZV LZ KL T HW[V WHYH LS [\YPZTV " JHZHZ ` KLWHY[HTLU[VZ LU 8\P[V J\HKYHZ HW[V WHYH 3V[PZHZ MPUJHZ HNYxJVSHZ NHUHKL YHZ

HK HP

6[H]HSV ZLJ[VY 0S\TmU T " ZLJ[VY :HU[H (UP[H T " ZLJ[VY )VZX\L KL :HU 7LKYV JHZH KL WSHU[HZ WHYX\LHKLYV WHYH JHYYVZ " JHZH KL \UH WSHU[H ;LStMVUVZ!

VENDO

*(:(: -05*(: 70:6: *<(+9(:

HK HP

9(1'2 &$6$6 < 3,626

),1&$ (/ É1*(/ )LQFD GH KDV VHFWRU (O ÉQJHO &DUFKL FDVD HVWDEOR DJXD ULHJR DJXD SRWDEOH $SWD SDUD DJULFXOWXUD \ JDQDGHUtD \ WXULVPR 6ROR LQWHUHVDGRV

0UMVYTLZ! HK HP

¢(67É6 (0%$5$=$'$" 1R WH SUHRFXSHV OOiPDQRV PU DW

.1 1(.

+ 2($(! ".2ũ,(-Ì2!4+ 2ũĸĈĎũ/ + 1 2ĹũũũũŌĊēćć + 2($(! ".2ũ, 8Ì2!4+ 2ũĸĈĎũ/ + 1 2ĹũũũŌĊēĎć ( /.ũ.ũ!+ 2($.3.ũĸ, 8Ì2!4+ ĹũũũŌČēĎć + 1 ũ "(!(.- +ũũũŌĉēćć % ũ".2ũ"~ 2ũ8ũ/4 +~! 3#ũ%1 3(2ũ#-ũ666ē+ '.1 ē!.,

PLJ

-Ì-!( 3#ũ +Ėũũũ -Ì-!( 3#ũ +Ėũũũ

DEVROXWD GLVFUHVLyQ

%ULQGDPRV VHUYLFLRV SURIHVLRQDOHV

<e Hl`kf i\j`[\eZ`X le`m\ij`kXi`X >`iXjfc _XY`kXZ`fe\j XdfYcX[Xj \jkl[`Xek\j (''# Z\iZX ]XZlckX[\j D\[`Z`eX# Gfc`k Ze`ZX# JXc\j`XeX# 8e[`eX ),++)-/ & '00*-(-,' nnn%i\j`[\eZ`Xle`m\ij`kXi`X^`iX$ jfc%Zfd 8I&(-/'-&ZZ

$/48,/(5 '( &' 029,/ 0$;,0$

/XFHV \ VRQLGR SDUD À HVWDV ERGDV TXLQ FH DxRV \ FXDOTXLHU WLSR GH HYHQWR GHFR UDFLyQ \ DQLPDFLyQ ,QIRUPHV HPDLO HOWRULWRHGX#KRWPDLO FRP DG DL

& $ 0

'( 2325781,'$' =LUKV JHQH KL JHTIPVZ ,(;65 -<33,9 +, /056 -4 KLS LU WLYMLJ[V LZ[HKV 0U[LYLZHKVZ SSHTHY HS HK HP

9(1'2 +(502626 &$&+25526 9HaH 7\N ULNYVZ ` HYLUH 7\YVZ ]HJ\UHKVZ KLZWHYHZP[HKVZ WHKYLZ H SH ]PZ[H

0UMVYTLZ!

TY H[

.,26 .2 ´/$ &8(1 &$ 1, 7$µ 2IUH FH UH YLV WDV SH ULy GL FRV VRU WHRV GH OR WH UtD OL EURV GH FR FL QD FDQ FLR QH URV \ OL EURV GH PR WL YD FLyQ 3DU TXH &HQ WUDO 7H Op IR QR

&20$1'2 3$5$&$,',67$

'H ODV )XHU]DV (VSHFLDOHV FRQ WtWXOR SURIHVLRQDO FRQ DxRV GH H[SHULHQ FLD DGLHVWUR WRGD FODVH GH SHUURV QR VH GHMH HQJDxDU SRU IDOVRV DGLHVWUDGRUHV 3RU YDFDFLRQHV GR\ KRVSHGDMH EDxR FHSLOODMH \ FRUWH GH XxDV SDUD VXV SHUUL WRV 7HOpIRQRV DG DL

9(1'2 02'(512 (48,32 ,1'8675,$/ &RFLQD FRQ SR]RV FDQDVWLOODV \ SODQFKD GH [ FDPSDQD FRQ H[WUDFWRU HyOLFR GH PHWURV YLWUL QD WpUPLFD \ EDQGHMDV 7HOpIRQR DG DL

325 027,92 '( 9,$-( 9HQGR 5HVWDXUDQWH 3L]]HUtD H[FHOHQWH FOLHQWHOD \ EXHQD XEL FDFLyQ $Y &ULVWyEDO GH 7UR\D MXQWR D 6~SHU 3DUULOODGD ,QIRU PHV DG DL

/2&$/ &20(5&,$/ 3RU HQIHUPHGDG YHQGR QHJRFLR HQ VHFWRU FRPHU FLDO ,QIRUPHV DG DL

325 85*(1&,$ %$1&$5,$ 9HQGR FDVD QXHYD P \ 0LQLYDQ 0D]GD DxR ,Q IRUPHV DG DL


ũũũũũũũũũ

ũũũũũũũũũ

£££ 6, (5(6 81 (035(1'('25

9(1'2 (1 ,%$55$ 15 1%#.'5 1/'4%+#.'5 %10 '2#46#/'061 %f7X '0 .# %#..' 1%#(7'46'X ,7061 # .# 1%# 1.#T 0(14/'5U NMMEKHENK NMHEMIKHMT

(67$ (6 78 2325781,'$' '( 1(*2&,2 3523,2

,19,7$ $ 3(5621$6 < (035(6$6 5(/$&,21$'$6 (1 25*$1, =$&,Ð1 '( (9(1726 )$0,/,$5(6 < &25325$7,926 $/ /$1=$ 0,(172 '( 68 )5$148,&,$ 3$5$ /$ =21$ 1257( '(/ 3$,6

',$6

+27(/ $-$9, $Y 0DULDQR $FRVWD ² 7HOpI ² ,%$55$ /81(6 '( 129,(0%5( '( $ +56 0$57(6 '( 129,(0%5( '( $ +56 < '( $ +56

,17(5(6$'26 &217$&7$56( $/ 7(/()212 2 (19,$5 686 '$726 3(5621$/(6 $/ ( 0$,/ PDXURFRQVXOWRUHV#KRWPDLO FRP 3$5$ &225',1$5 5(81,21(6 < (175(9,67$6 3(5621$/(6

,QVWLWXFLyQ GH GHVDUUROOR UHTXLHUH FRQWUDWDU XQ 'LUHFWRU GH $JHQFLD GH 'HVDUUROOR 7HUULWRULDO SDUD OD =RQD 1RUWH GHO 3DtV

$5 FF

/8*$5

6H WUDWD GH XQ SURIHVLRQDO FRQ WtWXOR GH FXDUWR QLYHO HQ HO iUHD HFRQyPLFD R WHPiWLFD DÀ QHV DO GHVDUUROOR HFRQyPLFR $GLFLRQDOPHQWH GHEH FRQWDU FRQ XQD H[SHULHQFLD PtQLPD GH DxRV HQ SUR\HFWRV SURGXFWLYRV \ DGPLQLVWUDFLyQ GH HPSUH VDV 6H YDORUDUi HO FRQRFLPLHQWR GHO VHFWRU DJURSHFXDULR QDFLRQDO /D LQVWLWXFLyQ DSOLFD SROtWLFDV GH LJXDOGDG GH RSRUWXQLGDGHV /RV LQWHUHVDGRV SRU IDYRU UHPLWLU KRMD GH YLGD FRQ DVSLUDFLyQ VDODULDO D GHVDUUROOR]RQDQRUWH#JPDLO FRP KDVWD HO YLHUQHV GH QRYLHPEUH

3(/848(5Ì$ $VHVRU GH ,PDJHQ -DYLHU %ROtYDU \ 7HRGRUR *yPH] &HQWUR &RPHUFLDO 1DWLYH GR SLVR /RFDO 1R 7HOI &HO ,EDUUD (FXDGRU

$5 FF

6L QR D\XGDV D OLPSLDU QR D\XGHV D HQVXFLDU &DPSDxD GH OLPSLH]D SRU OD &LXGDG GH 7XOFiQ

ŏ āąŏ ŏ ŏĂĀāā ŏ +. ŏŏ ġ āąŏ ŏ ŏĂĀāā ŏ +. ŏ ġ

Ăā Ăā

9B7I?<?97:EI B7 >EH7 ?87HH70 &, ( /+,+&( 78/&$1 27$9$/2

/26 1,f26 '(%(1 6$%(5 '( 0(025,$ (/ 1Ó0(52 '( 68 7(/e)212

2UDFLyQ 0LODJURVD <hg _²h ^g M²% fb =bhl% IZ ]k^% Ab ch r >l i² kb mn LZg mh' Fb ¼gb \h LZe oZ ]hk% \hg mh ]Zl fbl _n^k sZl e^l ib ]h jn^ f^ \hg \^ ]Zg eZ `kZ \bZ jn^ mZg mh ]^ l^h !Ib ]Z mk^l ]^ l^hl ngh ]^ g^ `h \bhl r ]hl bf ih lb [e^l"' K^ \^ gn^ o^ o^ \^l Ze :o^ fZ k²Z ]n kZg m^ 2 ]²Zl% Ze gh o^ gh ]²Z in [eb jn^ ^l m^ Zgng \bh r l^ \nf ieb k§ Zng jn^ gh eh \k^Z% h[ l^k o^ eh jn^ h\n kkb k§ Ze \nZk mh ]²Z ]^ ln in [eb \Z \b·g' =hr `kZ \bZl ihk ^e _Z ohk k^ \b [b ]h' MN => OH M:

$VLVWHQWH GH $GPLQLVWUDFLyQ SDUD +DFLHQGD +RWHO HQ &DUFKL 3HUVRQD %LOLQJ H (VSDxRO ,QJOpV FRQ /LFHQFLD GH &RQGXFLU %XHQ 6XHOGR \ %HQHÀ FLRV GH /H\ 3RU IDYRU FRPXQL FDUVH DO Q~PHUR $ 3 N P

'( 2325781,'$' '0&1 '4/15# +0%# )4Ó%1.# #0#&'4# &' HI *'%6É4'#5 7$+%#&# '0 .# 8Ó# #0 14'0<1 '%614 . 1#.6#. j 70&1 7'81 k &+5210' &' (7'06'5 &' )7# 2412+#X (476#.'5X 8#4+15 2164'415X %#44'6'4# &' 6'4%'4 14&'0X &15 8Ó#5 &' #%%'51X $1537' /#&'4#$.'X '5 #26# 2#4# 61&1 6+21 &' %7.6+81 '52'%+#./'06' &' %#(Ï ; %#%#1T 06'4'5#&15 ..#/#4 '.Ï(1015U FJNKgHIK fNMKNGHMKH

2 5É),& * 2 f ( 1 ',6 6,Ð1 ( ,035( 2/8&,Ð1 (6 $/7$ 5

$1É/,6,6 '( 68(/26 (1 ,%$55$

/$%21257 j #$14#614+15 146'k

21* ,17(51$&,21$/

$ ! #! # ! ! " ! " "#!$ # ! # ! " " ! # ! ! ! ( $ # " # ! ! !! #!( " " " $!" !# ! '! " % ! " ! $ "# " " !& ! " "# % ! " ! " !

6$/9$ 81$ 9,'$

mr/11755/at

'RQD WX VDQJUH

'RQDU WX VDQJUH QR LPSOLFD QLQJ~Q ULHVJR

0e',&26

)LQDQFLDPRV WRGD FODVH GH HTXLSRV PpGLFRV SDUD KRVSLWDOHV FOtQLFDV \ FRQVXOWRULRV SDUWLFXODUHV &UpGLWR 'LUHFWR 0D\RU ,QIRUPDFLyQ &HO

6MYLJL SVZ ZLY]PJPVZ LU HUmSPZPZ KL! :<,36: -LY[PSPKHK HNYxJVSH (.<(: +, 90,.6 ()656: 69.Í50*6: 3HIVUVY[ LZ LS WYPTLY ` UPJV SHIVYH[VYPV KL Z\LSVZ KLS ZLJ[VY UVY[L KLS WHxZ LX\PWHKV JVU HIZVYJP}U H[}TPJH SVZ ZLPZ H|VZ KL L_WLYPLUJPH HJYLKP[HU U\LZ[YVZ YLZ\S[HKVZ +PYLJJP}U! (] *YPZ[}IHS KL ;YV`H ` 1HPTL 9VSK}Z Q\U[V HS YLKVUKLS TLYJHKV TH`VYPZ[H .\xLZL WVY U\LZ[YV Y}[\SV HK HP ;LSM ! JLS!

.,26.2

´ /D &XHQFDQLWDµ 2)5(&(

#5(23 2Ĕũ/#1(¢"(!.2Ĕũ2.13#.2ũ"#ũ+.3#1~ Ĕũ+( 1.2ũ"#ũ !.!(- Ĕũ! -!(.-#1.2ũ8ũ+( 1.2ũ"#ũ,.3(5 !(¢-ēũ 104#ũ #-31 +ēũ #+_$.-.ĖũĉũĒđĈũćĊĒ


ŏ ŏ

ŏ

ĂĂ

7 ŏŏ ŏŏ ŏ āąŏ ŏ ĀĂŏ ŏ ŏĂĀāĀ ŏĂĀāā ŏ +. ŏ ġ

6(&5(7$5,2 $'-8172 +D\ ÀUPD \ VHOOR $G DL -8=*$'2 35,0(52 '( /2 &,9,/ '( ,%$55$ &,7$&,Ð1 -8',&,$/ (;75$&72

5(3Ô%/,&$ '(/ (&8$'25 -8=*$'2 6(*81'2 $'-8172 '( /$ 1,f(= < $'2/(6&(1&,$ '( ,0%$%85$ &,7$&,Ð1 -8',&,$/ (;75$&72 &8$17Ì$ ,1'(7(50, 1$'$ 75É0,7( &217(1&,262 *(1(5$/ $ ORV VHxRUHV (67(%$1 &+,&$,=$ \ 0$5Ì$ '(/ &$50(1 )$5,1$1*2 VH OHV KDFH VDEHU TXH HQ pVWH MX]JDGR VH HVWi WUDPLWDQGR HO MXLFLR GH $GRSWDELOLGDG VHJXLGR SRU HO VHxRU -8$1 )5$1&,6&2 6$17$&58= 7(5É1 FX\D SURYLGHQFLD VH WUDQVFULEH -8=*$'2 6(*81'2 '( /$ 1,f(= < $'2/(6&(1 &,$ '( ,0%$%85$ ,EDUUD PLpUFROHV GH DJRVWR GHO ODV K 9,6726 /D GHPDQGD DQWHULRU GH $GRSWDELOLGDG SUHVHQWDGD SRU HO VHxRU -8$1 )5$1 &,6&2 6$17$&58= 7(5É1 HQ VX FDOLGDG GH ',5(&725 (-(&87,92 GH OD )XQGDFLyQ &ULVWR GH OD &DOOH HV FODUD FRPSOHWD SUHFLVD \ UH~QH ORV UHTXLVL WRV GH OH\ SRU OR TXH VH OD DFHSWD DO WUiPLWH SUHYLVWR HQ ORV DUWV GHO &yGLJR GH OD 1LxH] \ $GROHVFHQFLD 'H FRQIRUPLGDG D OR GLVSXHVWR SRU HO DUWtFXOR LELGHP VH GLVSRQH OD LQYHVWLJDFLyQ FRUUHVSRQGLHQWH WHQGLHQ WH D LGHQWLÀFDU \ XELFDU ORV OXJDUHV GH UHVLGHQFLD GHO SDGUH OD PDGUH R SDULHQWHV GHQWUR GHO WHUFHU JUDGR GH FRQVDQJXLQLGDG DXVHQWHV R GHVDSDUHFLGRV GHO QLxR -())(5621 (67(%$1 &+,&$,=$ )$5,1$1*2 SDUD FX\R HIHFWR VH FRQWD Ui FRQ HO UHSUHVHQWDQWH GHO 0LQLVWHULR 3~EOLFR )LVFDO GH $GROHVFHQWHV ,QIUDFWRUHV GH ,PEDEXUD OD ',1$3(1 \ OD 2ÀFLQD 7pFQLFD GH HVWH -X]JDGR TXLHQHV GHEHUiQ SUHVHQWDU LQIRUPHV PHQ VXDOHV VREUH ODV DFWLYLGDGHV UHDOL]DGDV \ ORV UHVXOWDGRV REWHQLGRV 3RU DÀUPDU EDMR MXUDPHQWR HQ VX GHPDQGD HO DFWRU TXH GHVFRQRFH HO GR PLFLOLR GH ORV SDGUHV GHO QLxR DEDQGRQDGR VHxRUHV (6 7(%$1 &+,&$,=$ \ 0$5Ì$ '(/ &$50(1 )$5,1$1 *2 GH OR TXH VH OHYDQWy HO DFWD UHVSHFWLYD DVt FRPR WDPELpQ KD MXVWLÀFDGR GH IRU PD OHJDO KDEHU DJRWDGR ORV PHGLRV FRQGXFHQWHV SDUD GHWHUPLQDU OD UHVLGHQFLD GH ORV GHPDQGDGRV FtWHVHOHV PHGLDQWH WUHV SXEOLFDFLRQHV TXH VH KDUiQ HQ HO GLDULR ´/D +RUDµ TXH VH HGLWD HQ HVWD FLXGDG KDFLpQGRVH FRQVWDU OD IRWRJUDItD GHO QLxR GH FRQ IRUPLGDG FRQ OR TXH RUGHQD HO DUW GHO &yGLJR GH 3UR FHGLPLHQWR &LYLO $JUpJXHVH OD GRFXPHQWDFLyQ DGMXQWD \ WpQJDVH HQ FXHQWD VXV DERJDGRV GHIHQVRUHV \ FD VLOOHUR MXGLFLDO VHxDODGR 12 7,)Ì48(6( < &Ì7(6( ) 'U )UDQFLVFR $ODUFyQ -8(= $'-8172 /R TXH &,72 D XVWHG SDUD ORV ÀQHV GH OH\ DGYLUWLpQGROH DO GHPDQGDGR GH OD REOLJD FLyQ GH VHxDODU FDVLOOD MXGL FLDO HQ HVWH -X]JDGR GHQWUR GHO WpUPLQR OHJDO FRUUHVSRQ GLHQWH SDUD SRVWHULRUHV QRWL ÀFDFLRQHV &HUWLÀFR ,EDUUD GH VHSWLHPEUH GHO 'U -XDQ 0DUFHOR +XDFD (

&tWHVH DO VHxRU %<521 (67(%$1 'É9,/$ =85,7$ FRQ OD VLJXLHQWH GHPDQGD '(0$1'$17( 2OJD %HD WUL] &LIXHQWHV %HQLWH] '(0$1'$'2 %\URQ (VWH EDQ 'iYLOD =XULWD -8,&,2 9HUEDO 6XPDULR 1UR 2%-(72 'LYRUFLR &8$17Ì$ ,QGHWHUPLQDGD '20,&,/,2 '(/ $&725 &DVLOOHUR -XGLFLDO 1R GH OD 'UD &HFLOLD 5LYHUD -8(= 'U /XLV *HUPiQ &KDQJRWDVL 6(&5(7$5,2 'U 5D~O 5 5RVDOHV 5 3529,'(1&,$ -8=*$'2 35,0(52 '( /2 &,9,/ '( ,0%$%85$ ,EDUUD YLHUQHV GH 2FWX EUH GHO ODV K 9,6 726 /D GHPDQGD SURSXHV WD SRU OD VHxRUD 2OJD %HDWUL] &LIXHQWHV %HQtWH] VH FDOLÀFD GH FODUD SUHFLVD \ TXH UH~QH ORV UHTXLVLWRV GH OH\ HQ WDO YLUWXG VH OD DFHSWD D WUiPLWH HQ OD YtD GHO MXLFLR YHUEDO VX PDULR $WHQWD OD GHFODUDFLyQ MXUDPHQWDGD UHQGLGD SRU OD DFWRUD FtWHVH DO GHPDQGDGR VHxRU %\URQ (VWHEDQ 'iYLOD =XULWD PHGLDQWH WUHV SXEOL FDFLRQHV TXH VH ODV GHEHUi UHDOL]DU HQ HO 'LDULR GHO 1RUWH TXH VH HGLWD HQ HVWD FLXGDG GH ,EDUUD \ HQ XQR GH ORV GLDULRV TXH VH HGLWDQ HQ OD FLXGDG GH 4XLWR PHGLDQGR HQWUH XQD SXEOLFDFLyQ \ RWUD DO PHQRV HO WpUPLQR GH RFKR GtDV FRPR OR GLVSRQH HO LQFL VR ÀQDO GHO $UW GH OD DF WXDO FRGLÀFDFLyQ GHO &yGLJR &LYLO 7yPHVH HQ FXHQWD OD FXDQWtD GH OD FDXVD \ HO FDVL OOHUR MXGLFLDO VHxDODGR SRU OD DFWRUD $JUpJXHVH DO SURFH VR OD GRFXPHQWDFLyQ TXH VH DFRPSDxD 127,),48(6( I 'U /XLV *HUPiQ &KDQJR WDVL -XH] 3ULPHUR GH OR &LYLO GH ,PEDEXUD /R TXH &,72 D 8G 3DUD ORV ÀQHV GH OH\ SUHYLQLpQGROHV GH OD REOLJDFLyQ TXH WLHQHQ GH VHxDODU GRPLFLOLR MXGLFLDO HQ OD FLXGDG GH ,EDUUD SDUD SRVWHULRUHV QRWLÀFDFLRQHV 'U 5D~O 5RVDOHV 5 6(&5(7$5,2 +D\ ÀUPD \ VHOOR $G DL -8=*$'2 &8$572 '( /2 &,9,/ '( 3,&+,1&+$ $9,62 -8',&,$/ '( 5(0$7( 6H KDFH FRQRFHU DO S~EOLFR HQ JHQHUDO SDUD ORV ILQHV GH /H\ FRQVLJXLHQWHV TXH SRU GLVSRVLFLyQ GHO VHxRU -XH] &XDUWR GH OR &LYLO GH 3LFKLQFKD GLFWDGD HQ OD FDXVD (-(&87,92 1R 3&+ HO GtD TXH FRQWDUHPRV GH 'LFLHP EUH GH GHVGH ODV FD WRUFH KDVWD ODV GLHFLRFKR KRUDV HQ OD 6HFUHWDUtD GH HVWD MXGLFDWXUD VH HIHFWXD Ui HO 5HPDWH GHO ELHQ LQ PXHEOH HPEDUJDGR FX\DV FDUDFWHUtVWLFDV VH GHWDOODQ D FRQWLQXDFLyQ 8%,&$&,Ð1 '(/ ,108( %/( (O LQPXHEOH PDWHULD GHO SUHVHQWH UHPDWH FRQVLV WH HQ XQ ORWH GH WHUUHQR \ FRQVWUXFFLyQ FRPSXHVWD GH 3ODQWD %DMD GH ORV QL YHOHV HQ 3ULPHU 3LVR $OWR \ 6HJXQGR 3LVR $OWR GH FH PHQWR DUPDGR \ HQOXFLGRV XELFDGR HQ OD 6HJXQGD /t QHD IpUUHD %DUULR 1XHYR GH OD SDUURTXLD (O -RUGiQ GHO FDQWyQ 2WDYDOR SURYLQ FLD GH ,PEDEXUD HO PLVPR TXH WLHQH ORV VLJXLHQWHV OLQGHURV 1257( FRQ SURSLHGDG

GH 0HUFHGHV 9iVTXH] HQ XQD ORQJLWXG GH PHWURV 685 FRQ SURSLHGDG GH 0DQXHO /HPD HQ XQD ORQ JLWXG GH PHWURV FHQ WtPHWURV (67( FRQ FDOOH S~EOLFD GHQRPLQDGD 6HJXQGD /tQHD )pUUHD HQ XQD ORQ JLWXG GH PHWURV FRQ FHQWtPHWURV \ 2(67( FRQ SURSLHGDG GH /XLV $UHOODQR HQ XQD ORQ JLWXG GH PHWURV FRQ FHQWtPHWURV (O UHIHULGR LQPXHEOH WLHQH XQD VXSHUILFLH GH PH WURV FXDGUDGRV FRQ FHQ WtPHWURV FXDGUDGRV &$5$&7(5,67,&$6 ), 6,&$6 (O LQPXHEOH PDWHULD GH OD SHULFLD VH HQFXHQWUD HP SOD]DGR GHQWUR GH OD ]RQD XUEDQD FRQVROLGDGD GHO FDQWyQ 2WDYDOR HQ VX HQ WRUQR XUEDQR LQPHGLDWR VH ORFDOL]DQ FRQVWUXFFLRQHV GHVWLQDGDV SDUD YLYLHQGD HQ VX HQWRUQR XUEDQR LQ PHGLDWR VH HQFXHQWUD XQD SODWDIRUPD GHVWLQDGD SDUD OD FRPHUFLDOL]DFLyQ GH SURGXFWRV SHUHFLEOHV IH ULD HTXLSDPLHQWR UHOLJLRVR ,JOHVLD $9$/82 '(/ ,108(%/( 2&+(17$ < 2&+2 0,/ 129(&,(1726 6(7(1 7$ < 18(9( '2/$5(6 &21 ',(&,2&+2 &(7$ 926 '( '2/$5(6 3RU WUDWDUVH GHO SULPHU VH xDODPLHQWR WRGD SRVWXUD GHEHUi FXEULU SRU OR PHQRV ODV GRV WHUFHUDV SDUWHV GHO DYDO~R SUDFWLFDGR $ FDGD SRVWXUD GHEHUi DFRPSD xDUVH HO GLH] SRU FLHQWR GHO YDORU GH OD RIHUWD HQ GLQH UR HQ HIHFWLYR R HQ FKHTXH FHUWLILFDGR D OD RUGHQ GH HVWD -XGLFDWXUD &HUWLILFR 4XLWR GH 2FWXEUH GH 'UD (OL]DEHWK &HGHxR 0RUHLUD 6(&5(7$5,$ +D\ XQ VHOOR $ &

)LUPD ,OHJLEOH '5 0,/721 7,%$1/20%2 -8(= &HUWLÀFR )LUPD ,OHJLEOH 'U 0DUFR 6DOD]DU 6(&5(7$5,2 /R TXH VH SRQH HQ FRQRFL PLHQWR GH OD SDUWH GHPDQ GDGD SDUD ORV ÀQHV OHJDOHV FRQVLJXLHQWHV )LUPD ,OHJLEOH 'U 0DUFR 6DOD]DU 9HODVFR 6(&5(7$5,2 +D\ XQ VHOOR

¡

%$1&2 ,17(51$&,21$/

3RU KDEHUVH SHUGLGR OD /LEUHWD GH $KRUURV GH OD FXHQWD 1R GHO %DQFR ,QWHUQDFLRQDO 6 $ VH HVWi SURFHGLHQGR D VX DQXODFLyQ 4XLHQ FUH\HUH WHQHU GHUHFKR VREUH HVWD OLEUHWD GHEHUi SUH VHQWDU VX UHFODPR DO %DQFR GHQWUR GH ORV GtDV FRQWD GRV GHVGH OD ~OWLPD SXEOLFD FLyQ GH HVWH DYLVR IS DG DL

%$1&2 ,17(51$&,21$/

3RU KDEHUVH SHUGLGR OD /LEUHWD GH $KRUURV GH OD FXHQWD 1R GHO %DQFR ,QWHUQDFLRQDO 6 $ VH HVWi SURFHGLHQGR D VX DQXODFLyQ 4XLHQ FUH\HUH WHQHU GHUHFKR VREUH HVWD OLEUHWD GHEHUi SUH VHQWDU VX UHFODPR DO %DQFR GHQWUR GH ORV GtDV FRQWD GRV GHVGH OD ~OWLPD SXEOLFD FLyQ GH HVWH DYLVR IS DG DL

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iPLWH GH -XLFLR 9HUEDO 6XPDULR GLVSRQLHQGR VH FRUUD WUDVODGR FRQ OD PLVPD D OD GHPDQGDGD ,5(1( '( /$6 18%(6 25(//$1$ D ÀQ GH TXH FRPSDUH]FD D MXL FLR 3RU FXDQWR ORV DFWRUHV GHFODUDQ FRQ MXUDPHQWR TXH OHV KD VLGR LPSRVLEOH GHWHU PLQDU HO DFWXDO GRPLFLOLR UHVLGHQFLD R LQGLYLGXDOLGDG GH OD GHPDQGDGD ,5(1( '( /$6 18%(6 25(//$1$ FRQIRUPH OR GLVSRQH HO $UW GH OD &RGLÀFDFLyQ GH &y GLJR GH 3URFHGLPLHQWR &LYLO HQ 9LJHQFLD FtWHVHOH FRQ OD GHPDQGD HQ IRUPD H[WUDFWD GD \ OD SUHVHQWH SURYLGHQFLD PHGLDQWH WUHV SXEOLFDFLRQHV HQ XQR GH ORV 'LDULRV TXH VH HGLWDQ HQ HVWD &LXGDG PHGLDQGR SRU OR PHQRV HO WpUPLQR GH RFKR GtDV HQWUH XQD \ RWUD SXEOLFDFLyQ D ÀQ GH TXH GHQWUR GH ORV YHLQWH GtDV D FRQWDUVH GHVGH OD ~OWL PD SXEOLFDFLyQ FRPSDUH]FD D -XLFLR \ VHxDOH FDVLOOHUR MXGLFLDO SDUD VXV QRWLÀFDFLR QHV $JUpJXHQVH D ORV DXWRV OD GRFXPHQWDFLyQ DSDUHMDGD D OD GHPDQGD &tWHVH \ 1R WLItTXHVH

%$1&2 ,17(51$&,21$/

3RU KDEHUVH SHUGLGR OD /LEUHWD GH $KRUURV GH OD FXHQWD 1R GHO %DQFR ,QWHUQDFLRQDO 6 $ VH HVWi SURFHGLHQGR D VX DQXODFLyQ 4XLHQ FUH\HUH WHQHU GHUHFKR VREUH HVWD OLEUHWD GHEHUi SUH VHQWDU VX UHFODPR DO %DQFR GHQWUR GH ORV GtDV FRQWD GRV GHVGH OD ~OWLPD SXEOLFD FLyQ GH HVWH DYLVR IS DG DL

$18/$&,Ð1 6H SRQH HQ FRQRFLPLHQWR GHO S~EOLFR TXH VH KD H[WUDYLDGR OD &XHQWD GH $KRUURV 1R GH OD &RRSHUDWL YD )LQDQFLHUD &RQVWUXFFLyQ &RPHUFLR \ 3URGXFFLyQ &223&&3SHUWHQHFLHQWH DO VHxRU +e&725 )(51$1'2 (5$=2 $57($*$ FRQ &, SRU OR TXH VH SURFHGH D VX DQXODFLyQ PU DW

$18/$&,Ð1 6H SRQH HQ FRQRFLPLHQ WR GHO S~EOLFR TXH VH KD H[WUDYLDGR OD FDUWROD SHUWHQHFLHQWH D OD FXHQWD GHO VRFLR 52'5Ì*8(= 3257,//$ 0$5/21 GH OD &RRSHUD WLYD ´ GH 2FWXEUHµ SRU OR TXH VH SURFHGH D VX DQXODFLyQ DW IS

$18/$&,Ð1 6H SRQH HQ FRQRFLPLHQ WR GHO S~EOLFR TXH VH KD H[WUDYLDGR OD FDUWROD SHUWHQHFLHQWH D OD FXHQWD GHO VRFLR &(9$//26 7$5$38(= -2+21$ GH OD &RRSHUD WLYD ´ GH 2FWXEUHµ SRU OR TXH VH SURFHGH D VX DQXODFLyQ DW IS

&#( / ( # ŋ., (-( #)Ě ( &ŋ3ŋ &ŋ ,#' (ŋ),! (#4 )ŋ (ŋ &ŋŋ / ), ?dl[ij_]Wh [b Yh_c[d Z[iZ[ YkWbgk_[h f[hi# f[Yj_lW [i kdW jWh[W Yecfb[`W1 Z[ [ie de ^Wo ZkZW$ BWi Z_ÒYkbjWZ[i gk[ ikh][d Wb jhWjWh Z[ Wfb_YWh [b c jeZe Y_[dj ÒYe W bW :[b_d# Yk[dY_W JhWdidWY_edWb o Wb 9h_c[d eh]Wd_pW# Ze [d Xk[dW fWhj[ oW \k[hed [ijWXb[Y_ZWi [d [ijkZ_ei Wdj[h_eh[i" f[he [d\h[djWh [ij[ j_fe Z[ Z[b_dYk[dY_W W jeZe d_l[b [i bW jWh[W W bW gk[ i[ l[ WleYWZW b[ C_d_ij[h_e F Xb_Ye feh cWdZWje Yedij_jkY_edWb o feh Z_ifei_Y_ d b[# ]Wb$ 7^ehW X_[d [b \[d c[de Z[iYh_je [d bei bj_cei j_[cfei ^W j[d_Ze kd WlWdY[ i_]d_Ò# YWj_le jecWdZe [d Yk[djW [b cWd_\[ijWY_ d Z[ bW ]beXWb_pWY_ d" bW YkWb de iebe ^W j[d_Ze X[d[ÒY_ei" i_de jWcX_ d ^W Yedjh_Xk_Ze W bW cWi_ÒYWY_ d Z[ [ijW YbWi[ Z[ Z[b_jei$ 9ece [iYh_X[ 7bXWd[i[" Y_jWZe feh 9Wh# bei H[iW" [b Yh_c[d eh]Wd_pWZe de [n_ij[ Yece j_fe _Z[Wb" i_de Yece kd Æ]hWZeÇ Z[ WY# j_l_ZWZ Yh_c_dWb e Yece kd fkdje Z[b Æ[if[Y# jhe Z[ b[]_j_c_ZWZ $ ;d [ij[ Yedj[nje [i [b Yh_c[d eh]Wd_pWZe gk[ W jhWl i Z[ bei W ei i[ ^W _Ze jhWdidWY_edWb_pWdZe ik WYj_l_ZWZ o feh [bbe i[ ^WXbW Z[ :[b_dYk[dY_W JhWdidW# Y_edWb$ :[djhe Z[ [ijW Z[Òd_Y_ d Z[ Yh_c[d eh# ]Wd_pWZe" bW ]WcW Z[ WYj_l_ZWZ[i gk[ fk[Z[ [`[YkjWh kd Z[j[hc_dWZe ]hkfe Z[ Yh_c[d eh]Wd_pWZe fk[Z[ i[h [nj[diW" lWh_WdZe [d YWZW YWie i[] d Z_l[hiWi lWh_WXb[i _dj[hdWi o [nj[hdWi W bW eh]Wd_pWY_ d" o YecX_dWh kde e c|i c[hYWZei" [nfWdZ_ dZei[ Wi_c_i# ce feh kd d c[he c|i e c[dei b_c_jWZe Z[ fW i[i" Wkdgk[ [d j_[cfei h[Y_[dj[i [n_ij[ kdW \k[hj[ j[dZ[dY_W W bW YedY[djhWY_ d [c# fh[iWh_Wb [d YWZW l[p c[dei ]hkfei Z[ kd cWoeh d c[he Z[ YWcfei Z[ bW _b[]Wb_ZWZ$ Ik h[f[hjeh_e Z[ WYj_l_ZWZ[i _dYbko[ [b Z[b_je fhe\[i_edWb o [b [Yed c_Ye" f[he ikf[hW W ij[ bj_ce [d eh]Wd_pWY_ d o Yedjheb" Wkd#

gk[ bei d[nei Z[ kd_ d [djh[ WcXei ceZ[# bei Z[ Z[b_dYk[dY_W j_[dZ[d W \ki_edWhi[ o [b j[hheh_ice fk[Z[ bb[]Wh W \ehcWh fWhj[ Z[ iki WYY_ed[i l_eb[djWi [d Y_[hjWi [jWfWi e cec[djei$ ;d kd _dl[djWh_e Wcfb_e" bWi WYj_l_ZWZ[i fh_dY_fWb[i Z[ bWi eh]Wd_pWY_ed[i Yh_c_dW# b[i" [d ikcW" WXWhYWd bW fhel_i_ d Z[ X_[d[i o i[hl_Y_ei _b[]Wb[i" oW i[W bW fheZkYY_ d o [b jh|ÒYe Z[ Zhe]Wi" WhcWi" d_ ei" h]Wdei" _dc_]hWdj[i _b[]Wb[i" cWj[h_Wb[i dkYb[Wh[i" [b `k[]e" bW kikhW" bW \Wbi_ÒYWY_ d" [b Wi[i_dW# je W ik[bZe e bW fheij_jkY_ d1 bW Yec[hY_Wb_pW# Y_ d Z[ X_[d[i b Y_jei eXj[d_Zei feh c[Z_e Z[b ^khje" [b heXe e [b \hWkZ[" [d [if[Y_Wb l[^ Ykbei Z[ bk`e" Wd_cWb[i k eXhWi Z[ Wh# j[1 bW WokZW W bWi [cfh[iWi b[] j_cWi [d cW# j[h_Wi _b[]Wb[i" Yece bW lkbd[hWY_ d Z[ bWi dehcWj_lWi c[Z_eWcX_[djWb[i e bWXehWb[i1 e bW kj_b_pWY_ d Z[ h[Z[i b[]Wb[i fWhW WYj_l_# ZWZ[i _b Y_jWi" Yece bW ][ij_ d Z[ [cfh[iWi Z[ jhWdifehj[ fWhW [b jh|ÒYe Z[ Zhe]Wi e bWi _dl[hi_ed[i _dceX_b_Wh_Wi fWhW [b XbWdgk[e Z[ Z_d[he$ ;djh[ Wgk[bbWi eh]Wd_pWY_ed[i gk[ fk[Z[d Yedi_Z[hWhi[ Yece j f_YWc[dj[ fhef_Wi Z[b Yh_c[d eh]Wd_pWZe" fhWYj_YWdZe Wb]kdWi Z[ [ijWi WYj_l_ZWZ[i" i[ [dYk[djhWd" Z[djhe Z[ kd b_ijWZe c|i e c[dei [nj[die" bWi eh]Wd_pWY_ed[i Z[Z_YWZWi YWi_ [nYbki_# lWc[dj[ Wb jh|ÒYe Z[ Zhe]Wi W ]hWd [iYWbW" oW i[Wd fhef_Wi Z[ bei fW i[i [khef[Wi e i[ ][d[h[d [d fW i[i bWj_deWc[h_YWdei" Z[b ikZ[ij[ o [b ikZe[ij[ Wi_|j_Ye" bW CWÒW _jW# b_WdW [d ik fheY[ie Z[ [nfWdi_ d ckdZ_Wb gk[ oW i[ _d_Y_ ^WY[ Z YWZWi" bWi OWakpW `Wfed[iWi" bWi Jh_WZWi Y^_dWi o" [d bj_cW _dijWdY_W" [i[ cW]cW gk[ Yedij_jko[ [b Yh_# c[d eh]Wd_pWZe [d Hki_W o [d ejhei fW i[i Z[b ;ij[ [khef[e$


āąŏ ŏ ŏĂĀāā ŏ +. ŏ ġ

Ăă

} ũũ

ũũ -31.ũ!1.-.+.%~

ũ ¡ Ėũ +ũ/ 2 ".ũđũ"#ũ ŗ-.5(#, 1#ũ -(+.ũ ēĔũ2 +(¢ũ ũ31 ) 1ũ

!.,.ũ3 7(23 ũ#)#!43(5.ũ#-ũ4-ũ5#'~!4+.ũ , 1! ũ .12 ēũ +ũ'., 1#ũ-4-! ũ1#3.1-¢ũ ũ24ũ'.% 1ēũ

ũ Ėũ ũ .+(!~ ũ#-ı ŗ!.-31¢ũ#+ũ! ";5#1ũ"#+ũ'., 1#ũ#+ũÌ+3(,.ũ

2; ".ũ ũ+ 2ũĈĎĖććũ#-ũ+ ũ!.,4-(" "ũ"#ũ 4+#3 Ĕũ#23 ũ#-ũ4-ũ'4#!.ũ3 / ".ũ!.-ũ + ũ5#%#3 !(¢-ēũ

ũ Ėũ 8#1ũ2#ũ"#2 1ı ŗ1.++¢ũ+ ũ 4"(#-!( ũ#-ũ!.-31 ũ"#ũ!(-!.ũ

/#12.- 2ũ"#3#-(" 2Ĕũ"#ũ#23 2ũ".2ũ2.-ũ ,#-.1#2ũ"#ũ#" "ēũ 2ũ(-5#23(% !(.-#2ũ !.-3(-Ì -ēũ .2ũ(-5.+4!1 ".2ũ#23;-ũ /1(5 ".2ũ"#ũ24ũ+( #13 "ēũ

ēũ .2ũ31#2ũ2.2/#!'.2.2ũ2#1;-ũ31 2+ " ".2ũ +ũ #-31.ũ"#ũ #' (+(3 !(¢-ũ .!( +ũ"#ũ 11 Ĕũ,(#-31 2ũ+ 2ũ(-5#23(% !(.-#2ũ!.-3(-Ì -ēũ

, -ŋ& -ŋ, $ -ŋ*),ŋ,) )ŋ !, 0 )ŋ

(#3#ũ(-".!4,#-3 " 2ũ "#3#-(" 2ũ#-ũ./#1 3(5.

ŗũũ

$ Ck`[h[i Z[ dW# Y_edWb_ZWZ YebecX_WdW i[ [dYedjhWXWd [d bei Y[djhei Z[ jeb[hWdY_W Z[ ?XWhhW W bW iWb_ZW dehj[ Z[ bW Y_kZWZ$ Kd ef[hWj_le iehfh[iW be]h bW Z[j[dY_ d Z[ i_[j[ ck`[h[i gk[ de fehjWXWd bW jWh`[jW WdZ_dW" gk_[d[i i[h|d fk[i# jWi W hZ[d[i Z[ bW ?dj[dZ[d# Y_W Z[ Feb_Y W Z[ ?cXWXkhW$

(-!.ũ/#12.- 2ũ$4#1.-ũ"#3#-(" 2ũ/ 1 ũ (-5#23(% !(.-#2Ĕũ/.1ũ+ ũ,4#13#ũ"#ũ4-ũ '., 1#ũ"#ũĉĈũ .2ũ"#ũ#" "ēũ ũěũ Jh[i WZkbjei o Zei c[# deh[i Z[ [ZWZ \k[hed _cfb_YW# Zei feh bW <_iYWb W [d bW ck[hj[ Z[ :Wd_be >$ BW l Yj_cW \k[ [d# YedjhWZW Yed bW YWX[pW [dlk[bjW Yed Y_djW Z[ [cXWbW`[ o bWi cW# dei WjWZWi" [b fWiWZe i|XWZe [d bW Yeckd_ZWZ Pkb[jW Z[b YWdj d ?XWhhW$ JhWi [b ^[Y^e bW Feb_Y W" i[ cel_ h|f_Ze$ Kd WbbWdWc_[d# je f[hc_j_ bW Z[j[dY_ d Z[ bei ieif[Y^eiei" bei Yeckd[hei Z[ Pkb[jW" fWhhegk_W 7d]eY^W]kW" \k[hed YbWl[i fWhW bW YWfjkhW$ I[ jhWjW Z[ M_bb_Wd 9$" Z[ (' W ei" Bk_i 9$" Z[ (." [ijei Zei ied ^[h# cWdei o 7dW ;$" Z[ '. W ei$ I[ ikcWd Zei c[deh[i Z[ '* o '- W ei$ 7o[h" bk[]e Z[ bW WkZ_[dY_W

Z[ Ó W]hWdY_W" bW <_iYWb W ieb_Y_j Wb Fh_c[h @kp]WZe Z[ =WhWdj Wi F[dWb[i Z[ ?cXWXkhW" fh_i_ d fh[l[dj_lW fWhW bei ieif[Y^e# iei [d bW ck[hj[ Z[ :Wd_be$ ;b @k[p Z_e fWie Wb f[Z_Ze fWhW bei jh[i cWoeh[i Z[ [ZWZ$ Bei Zei c[deh[i h[Y_X_[hed bW ehZ[d Z[ _dj[hdWc_[dje [d [b 9[djhe Z[ 7Zeb[iY[dj[i ?d\hWYjeh[i$ BWi _dl[ij_]WY_ed[i Yedj_d Wd$ #3 ++#2

BW l Yj_cW jhWXW`W Yece jWn_ijW [`[Ykj_le" i[ YedeY[ gk[ jh[i Z[ bei _cfb_YWZei WXehZWhed [b Wk# jecejeh Z[ fbWYWi F9?#)&/ [d [b i[Yjeh Z[ ;b ;`_Ze Z[ ?XWhhW [b fWiWZe c_ hYeb[i$ :[iZ[ [iW \[Y^W bei \Wc_b_Wh[i f[hZ_[hed [b hWijhe Z[ :Wd_be$

#23(".2ũ"#ũ .+(!~ 2ũ 1. -ũ4- ũ! 2

ŗũũ

ũũ

+ũ!4#1/.ũ$4#ũ #-!.-31 ".ũ#-ũ 4-ũ'4#!.ēũ 4-3.ũ ũ+.2ũ/(#2ũ"#+ũ ! ";5#1ũ#23 ũ + 2ũ/+ ! 2ũ"#+ũ 5#'~!4+.ũ#-ũ#+ũ 04#ũ31 ) ēũ

: ēũ +ũ!4#1/.ũ"#ũ+ ũ5~!3(, ũ++#%¢ũ ũ+ 2ũĈďĖĊćũ"#+ũ/ 2 ".ũ2; ".ũ ũ+ ũ ,.1%4#ũ"#+ũ'.2/(3 +ũ -ũ (!#-3#ũ"#ũ Ì+Ĕũ+#ũ/1 !3(! 1.-ũ+ ũ 43./2( ēũ

ũ $ I_[j[ cWb^[Y^eh[i i[ ^_Y_[hed fh[i[dj[i [d bW YWiW Z[ J[bce Hec[he W bWi '/0&& Z[b bj_ce l_[hd[i" W XehZe Z[ Zei YWc_ed[jWi$ L[ij Wd kd_\ehc[i Z[ feb_# Y Wi Yed YWiYei o Y^Wb[Yei Wdj_XWbWi" Wi _d]h[iWhed 7b Zec_Y_b_e Z[ bW l Yj_cW$ ;d [b _dj[h_eh iWYWhed WhcWi Z[ \k[]e o fheY[Z_[hed Wb heXe$ 7 bWi l Yj_cWi b[i WcehZW# pWhed o i[ bb[lWhed Z_d[he [d [\[Yj_le" i[ Z[iYedeY[ [b cedje Z[b heXe$

# )ŋ'/,# ŋ $)ŋ& -ŋ&& (. -ŋ ŋ/(ŋ /-

;2ũ!.-31.+ũ#-ũ/ 1 " ũ "#ũ 42#2ũ(-3#1/1.5(-!( +#2 ũ ũ Ėũ ũ

11 Ėũ .-ũ!4 31.ũ/ 1 " 2ũ"#ũ 42#2ũ"#ũ31 -2/.13#ũ(-3#1/1.5(-!( +ũ 04#ũ2#ũ4 (! -ũ ũ+.ũ+ 1%.ũ"#ũ+ ũ 5#-(" ũ 1(23¢ +ũ"#ũ 1.8 ēũ -ũ#+ũ +4% 1Ĕũ+.2ũ1. .2ũ8ũ 2 +3.2ũ ũ/#12.- 2ũ2#ũ1#%(231 -ũ!.-ũ$1#!4#-!( Ĕũ#-ũ 4-ũ/1.,#"(.Ĕũ!(-!.ũ"( 1(.2ēũ #12.- +ũ"#ũ+ ũ .+(!~ ũ5(%(+ ũ#+ũ+4% 1ũ"#ũ , -#1 ũ/#1, -#-3#Ĕũ#+ũ. )#3(5.ũ"(2,(-4(1ũ#+ũ~-"(!#ũ"#+(-!4#-!( +Ĕũ "().ũ +.ũ #¢-Ĕũ)#$#ũ"#ũ /#1 !(.-#2ēũ

9[hYW Z[ bWi ',$&&" kd c[deh gk[ i[ Z[Z_YWXW W bW l[djW Z[ YW# hWc[bei" \k[ Wjhef[bbWZe feh kd Xki Z[ jhWifehj[ f Xb_Ye$ ;b WYY_# Z[dj[ eYkhh_ [d [b _dj[h_eh Z[ bW J[hc_dWb J[hh[ijh[ Z[ ?XWhhW$ Kd Xki Z[ bW Yeef[hWj_lW 7d# j[ W" i[h W [b YWkiWdj[ Z[b WYY_# Z[dj[" [b c[deh Z[ Wfhen_cWZW# c[dj[ '( W ei Z[ [ZWZ \Wbb[Y_ c_[djhWi [hW jhWibWZWZe Wb ^ei# } ēũ +ũ!4#1/.ũ"#+ũ(-$ -3#ũ++#%¢ũ f_jWb IWd L_Y[dj[ Z[ FW b" i[] d ũ+ ũ,.1%4#ũ"#+ũ'.2/(3 +ũ -ũ (!#-3#ũ bei h[fehj[i Z[b 9k[hfe Z[ 8ec# "#ũ Ì+ēũ 23 ũ+ 2ũĈĐĖććũ"#ũ 8#1ũ-.ũ X[hei Z[ ?XWhhW$ ;b YedZkYjeh Z[ ++#% 1.-ũ+.2ũ$ ,(+( 1#2ũ"#+ũ,#-.1ē Z_e W bW \k]W$ I[] d be j[ij_]ei Z[b ^[Y^e" dWb Z[ bW Feb_Y W bb[] Wb bk]Wh o bW l Yj_cW YWo Z[b Wkjecejeh o jhWibWZ Wb l[^ Ykbe W bei fWj_ei [djedY[i \k[ Wjhef[bbWZe$ F[hie# Z[ h[j[dY_ d$

1#2ũ"#3#-(".2ũ /.1ũ!.,4-#1.2

ŗũũ

$ ;d bW eiYkh_# ZWZ Z[ bW deY^[ kd WZkbje [d YecfW W Z[ Zei c[deh[i Z[ [ZWZ Z[ '- W ei" \k[hed Z[j[d_Zei feh bW Yeckd_# ZWZ Z[ IWd @ei Z[ 8WhXW f[hj[d[Y_[dj[ W Fk`_b " feh kd fh[ikdje Z[b_je YedjhW bWi f[hiedWi$ 7 bei _cfb_YWZei jWcX_ d i[ b[i _dlebkYhW [d l_ebWY_ d$


ŏ ŏ

ŏ

Ďć! (-!+ēũ ũĈČũ ũ ũĉćĈĈ

, 41 Ĕũ 1!'(

Čćũ :

,/+(! ".2ũ#-ũ 2#2(- 3.ũũ

ũ (2! +~ ũ5(-!4+¢ũ ũ31#2ũ "4+3.2ũ8ũ".2ũ,#-.1#2ũ"#ũ#" "Ĕũ#-ũ+ ũ,4#13#ũ "#ũ -(+.ũ ēĔũ"#ũĉĈũ .2ēũ ũ5~!3(, ũ$4#ũ#-!.-31 " ũ#+ũÌ+3(,.ũ2; ".ũ #-ũ 4+#3 ēũ .2ũ!(-!.ũ#23;-ũ31 2ũ+ 2ũ1#) 2Ĕũ,(#-31 2ũ#ũ(-5#23(% ũ#+ũ! 2.ēũũ : ũ ĉĊ

41(¢ũ#-ũ ũ #1,(- +ũ

-ũ 42ũ"#ũ+ ũ!../ı #1 3(5 ũ"#ũ31 -2/.13#2ũ -3# Ĕũũũ 31./#++¢ũ ũ4-ũ -( .ũ"#ũ /1.7(, " ı ,#-3#ũĈćũ .2ũ"#ũ#" "ēũ +ũ/#04# .ũ! ";5#1ũ$4#ũ ++#5 ".ũ ũ+ ũ,.1%4#ēũũ : ũ ĉĊ

1 -ũă ũ- +ũ ũ +ũ( 11# .ũ (#%.ũ .1;Ĕũ$4#ũ4-.ũ"#ũ+.2ũ31(4-$ ".1#2ũ"#ũ+ ũ!./ ũ

ũĉćĈĈēũ 8#1ũ$4#ũ+ ũăũ- +ũ#-ũ#+ũ 43¢"1.,.ũ"#ũ '4 1!.!' ēũ 1 +#+.ũ ũ#23 ũ!.,/#3#-!( Ĕũ (#%.ũ (++ !~2Ĕũ2#ũ!.1.-¢ũ! ,/#¢-ũ "#ũ+ ũ,.-., 1! ũ 8 ēũ : ũ ĈĊ

#5#+ -ũ 2#!1#3.2ũ "#ũ+.2ũ ĥ#2! 1 ).2Ħũ #.Ăũũ ,#1(!*Ĕũ 04(#-ũ$4#ũ(-%#-(#1.ũ "#ũ2.-(".ũ"#ũ .2ũ # 3+#2Ĕũ!4#-3 ũ!.ı 2 2ũ/.!.ũ!.-.!(" 2ũ "#ũ+.2ũĥ 4 31.ũ"#ũ


Turn static files into dynamic content formats.

Create a flipbook