Ďć! (-!+ēŊ , 41 ĔŊ 1!'(
Äž ĹŠ } Ä?
^ ŊĉĎŊ ĹŠ ĹŠÄ‰Ä‡ÄˆÄ‰ ĹŠĹŠ -ĹŠ , 41 ĹŠ+.2ĹŠ ! -3.-#2ĹŠ,;2ĹŠ 54+-#1 +#2ĹŠ ĹŠ (-4-" !(.-#2ĔŊ "#2+ 5#2ĹŠ8ĹŠ +45(Äą .-#2ĹŠ2.-ĹŠ .3 ! !'(ĔŊ (, ,/(1.ĹŠ8ĹŠ 1!404~ĔŊ#2/#Äą !( +,#-3#ĹŠ#-ĹŠ+ 2ĹŠ !.,4-(" "#2Ä“ĹŠ
ÂĄ Ä“ĹŠ #ĹŠ!.,(#-9 ĹŠ ĹŠ2#-3(1ĹŠ#+ĹŠ, +ĹŠ3#,/.1 +ĹŠ-4#5 ,#-3#ĹŠ#-ĹŠ+ ĹŠ/1.5(-!( ĹŠ"#+ĹŠ 1!'(Ä“ĹŠĹŠ
4#13#2ĹŠ++45( 2ĹŠ"#) -ĹŠ5~ 2ĹŠ !#11 " 2ĹŠ8ĹŠ" ,-(ÄƒĹŠ! ".2ĹŠ
4, 1(.ĹŠ ĹŠÄŠĹŠ.ĹŠÄŽĹŠ+~-# 2 .1/#1(3ĹŠ5#+(3ĹŠ /1 #22#!3#ĹŠ3#ĹŠ,(-ĹŠ4++43#ĹŠ5#1!(++ĹŠ43/ 3#ĹŠ ".+. .1#,ĹŠ".+43#ĹŠ#7ĹŠ#4(2!(++ ĹŠ!.-2#04( Äą ŊěŊBW l‡W IWd @[hÂŒ#
d_ce# 8k[dei 7_h[i" f[hcWd[Y[ Xbegk[WZW$ Bei ^WX_jWdj[i Z[ bWi Yeckd_ZWZ[i l[Y_dWi h[Ykhh[d W bWi c_d]Wi fWhW _dj[djWh ^W# X_b_jWh [b fWie o feZ[h iWYWh iki fheZkYjei W]h‡YebWi o b|Yj[ei W bei c[hYWZei$ ;d bW l‡W IWd @[hŒd_ce# 8k[# dei 7_h[i" [d [b a_bŒc[jhe () Y[hYW W bW Yeckd_ZWZ Z[ IWd
<hWdY_iYe" bei eXij|Ykbei ied YedijWdj[i feh bW j[cfehWZW _d# l[hdWb$ C_[djhWi" [d bWi Yeckd_ZWZ[i Z[ IWd Bk_i" IWd @eiƒ" BW Fh_cW# l[hW o ;b 9ehWpŒd" bW ][dj[ Z_Y[ gk[ Z[b =eX_[hde fhel_dY_Wb Z[ ?cXWXkhW" iŒbe ^Wd h[Y_X_Ze e\h[Y_c_[djei" fk[i bW ^WijW [b c[Z_e Z‡W Z[ Wo[h" bW cWgk_dWh_W de bb[]WXW$
:Wcd_Ă’ YWZei feh Z[ibWl[i 7b YW[h bW deY^[ [d [b i[Yjeh Z[ 8[bbWl_ijW pedW hkhWb Z[ JkbY|d" kd Z[ibWl[ WYWXÂŒ Yed bW l_l_[dZW Z[ bW \Wc_b_W CWbj[Ă„;hWpe$ Bk_i CWbj[ [nfb_YÂŒ gk[ ik ^_`e o ieXh_de \k[hed i[fkbjWZei feh kd WbkZ Z[ j_[hhW gk[ Z[ijhkoÂŒ ]hWd fWhj[ Z[ ik YWiW kX_YWZW [d bW fWhhegk_W CWbZedWZe$ ;b ^ecXh[ dWhhÂŒ gk[ ik [i# feiW 7bXW ;hWpe [ ^_`W be]hWhed iWb_h _b[iei f[he [d ik _dj[dje feh h[iYWjWh W ik ^_`W Z[ Y_dYe W‹ei Z[ [ZWZ Z[b beZe" de i[ f[hYWjÂŒ gk[ iki Zei d_‹ei \k[hed jhWi ƒb
o gk[ZWhed WjhWfWZei [d bW l_# l_[dZW$ Bk[]e Z[ lWh_ei c_dkjei" fk# Z_[hed iWYWh W bei c[deh[i Z[ bei [iYecXhe fWhW jhWibWZWhbei Wb ^eif_jWb Z[ JkbY|d f[he feh ejhei Z[hhkcXei gk[ i[ fheZk# `[hed [d [b i[Yjeh Z[ bWi BW]kdWi L[hZ[i [b jhWibWZe Z[cehÂŒ c|i Z[ bei fh[l_ije$ Bei ^[h_Zei [i [dYk[djhWd \k[hW Z[ f[b_]he f[he YWZW l[p Wkc[djW [b h_[i]e [d bWi l‡Wi YWh# Y^[di[i ZedZ[ i[ h[]_ijhWd ik[# bei o jWbkZi _d[ijWXb[i$ ;%(- ĹŠ ÄŠÄą Ä?Äą ĈÄ?
- )(. '#( ,6(ŋ &ŋ,v)ŋ Ŋ: ŊěŊ;b Ckd_Y_f_e Z[ ;if[#
~34+.ĹŠ .3.-.3 ĹŠ ĹŠ Ä–ĹŠ ĹŠ
11 Ä–ĹŠ ;2ĹŠ"#ĹŠ!(-!.ĹŠ,(+ĹŠ#234"( -3#2ĹŠ2#ĹŠ%1 "4 1;-ĹŠ#-ĹŠ , 41 ĹŠ "41 -3#ĹŠ#+ĹŠÄ‰Ä‡ÄˆÄ‰Ä“ĹŠ (-ĹŠ#, 1%.ĔŊ2¢+.ĹŠ,(+ŊđććŊ!4/.2ĹŠ3(#-#ĹŠ+ ĹŠ -(5#12(" "ĹŠ _!-(! ĹŠ"#+ĹŠ .13#Ä”ĹŠĂŒ-(! ĹŠ(-23(34!(¢-ĹŠ"#ĹŠ#"4! !(¢-ĹŠ24/#1(.1ĹŠ#-ĹŠ+ ĹŠ /1.5(-!( Ä“ĹŠ ;%(- ĹŠ ÄŒ
`e `kdje Yed [b =eX_[hde Fhel_d# Y_Wb Z[b 9WhY^_ h[Wb_pW jhWXW`ei fWhW Z[iYedjWc_dWh [b h‡e ;b Ă›d][b$ FWhW Wgk[bbe" _d_Y_Whed [b Y[# hhWc_[dje Yed feij[i o WbWcXh[ Z[ f‘Wi [d [b Wdj_]ke h[bb[de iWd_jWh_e$ ;b Ă’ d [i [l_jWh gk[ bWi f[hiedWi bWdY[d XWikhW" WZ[c|i" [ij[ i[Yjeh [i kdW pedW YedYkhh_ZW feh Z[fehj_ijWi$ ;d [b \kjkhe" i[ Yedijhk_h|d fbWdjWi Z[ jhWjWc_[dje Z[ W]kWi h[i_ZkWb[i fWhW [l_jWh gk[ [b h‡e i[ YedjWc_d[$ 7i‡ c_ice" i[ _cfb[c[djWh| kdW ehZ[dWdpW fWhW iWdY_edWh W gk_[d[i Yedj_d‘[d bWdpWdZe XWikhW [d [ij[ i[Yjeh$ ;%(- ĹŠ Ĉđ
ĹŠ
Ä? &Ĺ‹0 , ,)Ĺ‹ $/ 4Ä…Ĺ‹ &Ĺ‹0 ,Äš ,)Ĺ‹! -.),Ĺ‹ Ĺ‹ -. Ĺ‹v,,#. Ĺ‹ *,)0# ( # Ĺ‹ -Ĺ‹ ),, Ä…Ĺ‹+/ Ĺ‹ -.6Ĺ‹ #- , 4 Äš )Ĺ‹ Ĺ‹ , -#Äš (. Ä…Ĺ‹ / ( )Ĺ‹ -Ĺ‹ &Ĺ‹!, (Ĺ‹ # . ),Ĺ‹ Ĺ‹& Ĺ‹ *Ă„ &# Ä‘ ĹŠ ÂĄ ĹŠ ĹŠ ĹŠ ĹŠ
;%(- ĹŠ ÄŽ
/ 0 ŋ ),. ŋ ( ,! ,6ŋ &ŋ -)ŋ &ŋ (#0 ,-)ŋ ŊěŊ 9ed kdW iedh_iW Xkh#
bedW" [b fh[i_Z[dj[" HW\W[b 9ehh[W" [iYkY^Œ Wo[h Z[b `k[p Bk_i Gk_hep bWi hWped[i feh bWi gk[ de feZ‡W bb[lWhi[ W YWXe bW WkZ_[dY_W Z[ YWiWY_Œd Z[djhe Z[b `k_Y_e gk[ feh ik# fk[ijWi _d`kh_Wi YWbkcd_eiWi b[ i_]k[ W Z_Wh_e ;b Kd_l[hie" gk[h[bbW f[dWb [d bW gk[ [n_i# j[ i[dj[dY_W YedZ[dWjeh_W [d Zei _dijWdY_Wi$ :[iZ[ bW l‡if[hW bkd[i [d bW jWhZ[ " Y_hYkbWhed bei hkceh[i Z[ gk[ bW WkZ_[dY_W i[h‡W \Wbb_ZW fehgk[ [b `k[p ;dh_gk[ FWY^[Ye" _dj[]hWdj[ Z[ bW I[]kdZW IWbW F[dWb Z[ bW 9ehj[ DWY_edWb Z[ @kij_Y_W 9D@ " de Wi_ij_h‡W feh fheXb[# cWi cƒZ_Yei$ I_d [cXWh]e"
ēŊ Ŋ#-$#1,#" "Ŋ"#Ŋ4-Ŋ)4#9Ŋ (,/("(¢Ŋ04#Ŋ2#Ŋ(-23 +#Ŋ+ Ŋ 4"(#-Ĺ !( Ŋ"#Ŋ! 2 !(¢-Ŋ/ 1 Ŋ1#5(2 1Ŋ+ Ŋ 2#-3#-!( ē
ēŊ .2Ŋ31 ).2Ŋ#,/#Ĺ 9 1.-ēŊ Ŋ2#%4-" Ŋ#3 / Ŋ3(#-#Ŋ04#Ŋ 5#1Ŋ!.-Ŋ+ Ŋ1#$.1#23 !(¢-ēŊ
666Ä“+ '.1 Ä“!.,Ä“#!
Ĺ? Ĺ?
Ĺ?
Ä‚
ĹŠĹŠ ĈÄ?ĹŠ%4 1"( 2ĹŠ+ .Äą 1 -ĹŠ#-ĹŠ#+ĹŠ"~ ĔŊ !4 31.ĹŠ"#ĹŠ#++.2ĹŠ 2.-ĹŠ"#23(- ".2ĹŠ / 1 ĹŠ+ ĹŠ-.!'#Ä“ĹŠĹŠĹŠĹŠĹŠ
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
g Ĺ?ĂĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ
-Ŋ4- Ŋ#,(2.1 Ŋ+.! +Ŋ#2!4!'_Ŋ04#Ŋ+ 2Ŋ 43.1(" "#2Ŋ#234"( 1;-Ŋ+.2Ŋ"  .2Ŋ /1.5.! ".2Ŋ/.1Ŋ+ 2Ŋ++45( 2ĔŊ/ 1 Ŋĥ/.2( +#,#-3#ĢŊ"#!+ 1 1Ŋ4-Ŋ 23 ".Ŋ "#Ŋ ,#1%#-!( ĔŊ!4 -".Ŋ3.".2Ŋ2 #,.2Ŋ04#Ŋ#23.Ŋ-.Ŋ2(15#Ŋ / 1 Ŋ- " ēŊ 4(#-Ŋ-.Ŋ,#Ŋ!1# ĔŊ04#Ŋ+#2Ŋ/1#%4-3#Ŋ Ŋ+.2Ŋ2# .1#2Ŋ"#Ŋ 4#-.2Ŋ (1#2Ŋ#-Ŋ 14!404~ĔŊ Ŋ04(#-#2Ŋ- "(#Ŋ+#2Ŋ' !#Ŋ! 2.ĔŊ Ŋ/#2 1Ŋ"#Ŋ2#1Ŋ+.2Ŋ, 8.1#2Ŋ/1.Ĺ "4!3.1#2Ŋ %1~!.+ 2Ŋ8Ŋ"#Ŋ+#!'#Ŋ"#Ŋ , 41 ēŊēŊŊŊ
1#""8ĹŠ 4 +#2ĹŠĹŠ 11
ĹŠ } ĹŠ
ēŊ +Ŋ31 ).Ŋ"#Ŋ5(%(+ -!( Ŋ#-Ŋ#+Ŋ,#1! ".Ŋ , 9.- 2ĔŊ-.Ŋ#2Ŋ#+Ŋ,;2Ŋ$;!(+ĔŊ/#1.Ŋ+ Ŋ, 8.1~ Ŋ"#Ŋ+.2Ŋ%4 1"( 2Ŋ04#Ŋ 31 ) -Ŋ#-Ŋ#+Ŋ+4% 1ĔŊ2 #-Ŋ!.,.Ŋ/1.!#"#1Ŋ!.-Ŋ+.2Ŋ -3(2.!( +#2ēŊ
#& ' Ĺ‹*),Ĺ‹ /-.) # Ĺ‹ &Ĺ‹' , )Ĺ‹ ' 4)( -Ĺ‹
2ĹŠ!.,/ Â ~ 2ĹŠ"#ĹŠ2#%41(" "ĹŠĹŠ/1./.-#-ĹŠ $4#13#2ĹŠ3 1($ 2ĹŠ ĹŠ! , (.ĹŠ"#ĹŠ1#2%4 1" 1ĹŠ #+ĹŠ;1# ĹŠ"#+ĹŠ,#1! ".ĹŠ , 9.- 2Ä“ĹŠĹŠ ĹŠ Äš ;ijW i[cWdW i[ Z[Ă’ d[
ĹŠ ĹŠ ĹŠ ĹŠ
-Ŋ#+Ŋ,#1! ".Ŋ"#Ŋ -3.Ŋ .,(-%.ĔŊ+ Ŋ 241 Ŋ#2Ŋ !4,4+ " Ŋ#-Ŋ+ 2Ŋ5#1#" 2ĔŊ (-!+42.Ŋ#-Ŋ'.1 2Ŋ04#Ŋ-.Ŋ2.-Ŋ"#Ŋ1#!.+#!!(¢-Ŋ/.104#Ŋ-.Ŋ2#Ŋ43(+(9 -Ŋ3 !'.2ĔŊ 2(,/+#,#-3#Ŋ#2Ŋ!.+.! " Ŋ#-Ŋ$4-" 2Ŋ/+;23(! 2Ŋ8Ŋ$;!(+,#-3#Ŋ/4#"#Ŋ2#1Ŋ "#11 , " Ŋ/.1Ŋ+.2Ŋ! -(-.2Ŋ04#Ŋ 1.-" -Ŋ#-Ŋ+ 2Ŋ! ++#2ēŊē .2Ŋ#-5~ ĖŊ .2_Ŋ ;#9Ŋ ~ Ŋ!.11#.Ŋ#+#!31¢-(!.
ćŊ .-5(_13#3#Ŋ#-Ŋ-4#231.Ŋ 1#/.13#1.ēŊ -5~ Ŋ342Ŋ$.3.2Ŋ ĖŊ "3.11#2Ğ+ '.1 ē!.,ē#!ēŊ
Ĺ? Ĺ?
ĹŠ/1#%4-3 ĹŠ"#ĹŠ'.8ĹŠ#2Ä–ĹŠÄ Ä 1##ĹŠ04#ĹŠ +.2ĹŠ 1#2ĔŊ"(2!.3#! 2ĹŠ8ĹŠ* 1 .*#2ĹŠ "# #-ĹŠ2#1ĹŠ1#4 (! ".2ĹŠ"#+ĹŠ!#-31.ĹŠ "#ĹŠ 11 Ä&#x;ĹŠÄ&#x;Ä“ĹŠ 2!1( #ĹŠ#-ĹŠ$ !# ..*ĹŠ .ĹŠ36(33#1ĹŠ ĹŠ+ ĹŠ'.1 ĹŠ(, 41 ĹŠ.ĹŠ ĹŠ ( 11 Äž+ '.1 Ä“!.,Ä“#!
ĹŠ/1#%4-3 ĹŠ#-5( " ĹŠ ĹŠ-4#231.2ĹŠ2#%4(".1#2ĹŠ#-ĹŠ 6(33#1ĹŠ8ĹŠ !# ..*ĹŠ 8#1ĹŠ$4#ĹŠÄ 23;ĹŠ"#ĹŠ !4#1".ĹŠ!.-ĹŠ+ ĹŠ-4#5 ĹŠ,." +(" "ĹŠ"#ĹŠ !!#2.ĹŠ ĹŠ + 2ĹŠ4-(5#12(" "#2Ä&#x;Ä“ĹŠ 04~ĹŠ +%4- 2ĹŠ1#2/4#23 2Ä“
ŊŊ - Ŋ5#1%Õ#-9 ĔŊ +%4(#-Ŋ,#Ŋ"(1;Ŋ04_Ŋ5 Ŋ Ŋ/ 2 1Ŋ!.-Ŋ+.2Ŋ#234"( -3#2Ŋ ŗ04#Ŋ-.Ŋ/4#" -Ŋ(-%1#2 1Ŋ Ŋ+ 2Ŋ4-(5#12(" "#2ē .2Ŋ#2!1( #ĖŊ #--8Ŋ -.$1#Ŋ #-(3#9
ĹŠĹŠ 23.ĹŠ8 ĹŠ2#ĹŠ /+(! ĹŠ#-ĹŠ +%4- 2ĹŠ4-(5#12(" "#2Ä“ĹŠ .ĹŠ#2ĹŠ+ ĹŠ%1 -ĹŠ!.2 ĔŊ Ĺ—/#1.ĹŠ 84" ĹŠ ĹŠ2#+#!!(.- 1ĹŠ ĹŠ+.2ĹŠ04#ĹŠ1# +,#-3#ĹŠ,#1#!#-ĹŠ !!#"#1ĹŠ ĹŠ+ ĹŠ #"4! !(¢-ĹŠ/ĂŒ +(! Ä“ĹŠ .2ĹŠ#2!1( #Ä–ĹŠ -"1.ĹŠ 43(_11#9ĹŠ
ŊŊ -3#Ŋ+ Ŋ+#8Ŋ3.".2Ŋ"# #,.2Ŋ2#1Ŋ31 3 ".2Ŋ(%4 +#2ĔŊ/#1.Ŋ#-Ŋ#23#Ŋ/ ~2Ŋ ŗ#2.Ŋ#2Ŋ+#31 Ŋ,4#13 ēŊ .2Ŋ#2!1( #ĖŊ -(3 Ŋ 4/4#1;-Ŋ
~ ĹŠ04#ĹŠ".1,(1ĹŠ".2ĹŠ ĹŠĹŠ #!4#1" -ĹŠ04#ĹŠ -3#2ĹŠ/ 1 ĹŠ !!#"#1ĹŠ ĹŠ4-ĹŠ!4/.ĹŠ' ĹŠ+ ĹŠ(-3#1,(- Ĺ—"~ 2ĹŠ#-ĹŠ+ 2ĹŠ/4#13 2ĹŠ"#ĹŠ+ ĹŠ4-(5#12(" "ĹŠ8ĹŠ' !#1ĹŠ4- ĹŠÄƒ +#ĔŊ#2.ĹŠ #2ĹŠ+.ĹŠ04#ĹŠ2#ĹŠ 42! ĹŠ#5(3 1ĹŠ!.-ĹŠ#23#ĹŠ2(23#, Ä“ĹŠ .2ĹŠ#2!1( #Ä–ĹŠ -3( %.ĹŠ .-!#ĹŠ
ĹŠĹŠ +ĹŠ2(23#, ĹŠ#2ĹŠ 4#-.ĹŠ/ 1 ĹŠ#5(3 1ĹŠ+ 2ĹŠ+ 1% 2ĹŠÄƒĹŠ+ 2ĔŊ/#1.ĹŠ#2ĹŠ#5("#-3#ĹŠ Ĺ—04#ĹŠ+ ĹŠ%1 -ĹŠ, 8.1~ ĹŠ2#ĹŠ04#" 1;ĹŠ2(-ĹŠ#-31 " ĹŠ/ 1 ĹŠ+ 2ĹŠ4-(5#12(" "#2ĹŠ /ĂŒ +(! 2ĔŊ+.ĹŠ04#ĹŠ04(#1#ĹŠ"#!(1ĹŠ04#ĹŠ+ ĹŠ#"4! !(¢-ĹŠ-.ĹŠ#2ĹŠ3.".2Ä“ĹŠĹŠ .2ĹŠ#2!1( #Ä–ĹŠ #1.ĹŠ 23_5#9ĹŠĹŠ
gkƒ [cfh[iW Z[ i[]kh_ZWZ fh[i# jWh| bei i[hl_Y_ei Z[ l_]_bWdY_W [d [b c[hYWZe 7cWpedWi$ 7Y# jkWbc[dj[ Yedj_d‘W 9Wi[cW][h Wb \h[dj[ Z[ [ijWi WYj_l_ZWZ[i$ (& ]kWhZ_Wi YkXh[d [b f[h‡c[jhe$ @[hŒd_ce :Whgk[W" WZc_d_i# jhWZeh Z[ C[hYWZei" i[‹WbŒ gk[ [d bei Zei W‹ei gk[ bW [cfh[iW Xh_dZW bW i[]kh_ZWZ" Ykcfb_Œ Yed bWi [nf[YjWj_lWi Z[ bW cW# oeh‡W Z[ Yec[hY_Wdj[i$ ;n_ij[ bW fei_X_b_ZWZ Z[ gk[ bW c_icW [cfh[iW Yedj_d‘[" f[he [ijW l[p" iŒbe eY^e i[ gk[ZWh|d" [b h[ije Z[X[h|d i[h YWcX_WZei" Z_`e$ ;b i_ij[cW Z[ fW]e feh [ij[ i[hl_Y_e i[h| [b c_ice" [b +& feh fWhj[ Z[ bei Yec[hY_Wdj[i o [b h[ije Yehh[ W YWh]e Z[ bW Ckd_# Y_fWb_ZWZ Z[ ?XWhhW$ Ied Zei c_b +&& l[dZ[Zeh[i gk[ c[dikWb#
c[dj[ YWdY[bWd Zei ZÂŒbWh[i Yed Y_dYk[djW Y[djWlei$ 9Wi[cW][h" h[Y_X[ '( c_b ZÂŒbWh[i c[dikWb[i feh [b i[hl_Y_e$ ,#- 9 2ĹŠ8ĹŠ1(#2%.2ĹŠĹŠ
:Whgk[W [nfb_YŒ gk[ [n_ij[d e\[hjWdj[i" f[he gk[ bW cWoeh‡W f_Z[ lWbeh[i cWoeh[i feh [b fW]e c[dikWb" i_jkWY_Œd gk[ W\[YjW bW YedjhWjWY_Œd Z[ ejhW [cfh[iW Z[ i[]kh_ZWZ$ 7 [ije i[ ikcW [b Yecfb_YWZe jhWXW`e gk[ Z[iWhhe# bbWd bei ]kWhZ_Wi [d [b c[hYWZe" ckY^ei Z[ [bbei h[Y_X[d Wc[dW# pWi feh fWhj[ Z[ bei Z[b_dYk[d# j[i e Z[ f[hiedWi gk[ _d]h[iWd Wb bk]Wh fWhW h[Wb_pWh l[djWi Z[ ZkZeiW fheY[Z[dY_W$ @[ddo Fk]bbWi" Yec[hY_Wdj[ Z[ febbei Z[iZ[ ^WY[ '- W‹ei" _d# Z_YŒ gk[ i‡ [ij| Yed\ehc[ Yed [b jhWXW`e Z[ bW WYjkWb [cfh[iW Z[
ĹŠ#7/#1(#-!( ĹŠ ĹŠĹŠ:-%#+ĹŠ .-9 +¢-ĔŊ3(#-#ĹŠÄŽÄŒĹŠ  .2ĹŠ Ĺ—"#ĹŠ#" "ĔŊ2#(2ĹŠ"#ĹŠ#7/#1(#-!( ĹŠ!.,.ĹŠ
%4 1"( Ä“ĹŠ , ĹŠ24ĹŠ31 ).ĹŠ2(-ĹŠ(,/.1Äą 3 1+#ĹŠ#+ĹŠ/#+(%1.ĹŠ +ĹŠ04#ĹŠ2#ĹŠ#7/.-#ĹŠ ĹŠ "( 1(.ĔŊ_+ĹŠ 1(-" ĹŠ+ ĹŠ5(%(+ -!( ĹŠ#-ĹŠ#+ĹŠ 2#!3.1ĹŠ,;2ĹŠ!.-Ä„ĹŠ(!3(5.ĹŠ"#+ĹŠ,#1! ".ĹŠ , 9.- 2ĔŊ#-ĹŠ".-"#ĹŠ4 (! -ĹŠ+ 2ĹŠ !' !(-#1~ 2Ä“ĹŠ 4ĹŠ'.1 1(.ĹŠ"#ĹŠ31 ).ĹŠ#2ĹŠ "#ĹŠ2#(2ĹŠ"#ĹŠ+ ĹŠ,  - ĹŠ ĹŠÄˆÄ‘Ä–Ä‡Ä‡Ä“ĹŠ (#-#ĹŠ !4 31.ĹŠ"~ 2ĹŠ+( 1#2ĹŠ +ĹŠ,#2ĹŠ8ĹŠ#-ĹŠ/1.Äą ,#"(.ĹŠ,#-24 +,#-3#ĹŠ1#!( #ŊĊććŊ "¢+ 1#2ĹŠ!.,.ĹŠ24#+".Ä“ĹŠÄĄ ~ĹŠ#2ĹŠ%1 5#ĹŠ #-$1#-3 12#ĹŠ ĹŠ+.2ĹŠ"#+(-!4#-3#2ĔŊ2#ĹŠ 1#!( #ĹŠ ,#- 9 2ĔŊ/#1.ĹŠ!.-ĹŠ#+ĹŠ"(;+.%.ĹŠ 31 3.ĹŠ"#ĹŠ!.-31.+ 1+.2Ä“ĹŠ 23 ,.2ĹŠ /1.'( (".2ĹŠ"#ĹŠ42 1ĹŠ 1, 2ĹŠ"#ĹŠ$4#%.ĔŊ /#1.ĹŠ2 #,.2ĹŠ+ ĹŠ$.1, ĹŠ"#ĹŠ/1.!#"#1ĹŠ #-ĹŠ#23#ĹŠ2#-3(".ĢĔŊ#-$ 3(9¢ēŊ
i[]kh_ZWZ" f[he gk[ [l_Z[dj[# c[dj[ [n_ij[ bW d[Y[i_ZWZ Z[ gk[ i[ h[\k[hY[ bW l_]_bWdY_W [d bWi ^ehWi f_Ye1 Wb c[Z_e Z‡W o Wb ce# c[dje Z[b Y_[hh[ Z[ c[hYWZei W bWi '-0&&" [d ZedZ[ [n_ij[ cWoeh YedY[djhWY_Œd Z[ kikWh_ei$
)&# v Ĺ‹- Ĺ‹ , Ĺ‹ Ĺ‹& Ĺ‹(#˜ 4Ĺ‹ EY^e feb_Y‡Wi YWcX_Whed iki cWZei o i[fWd gk[ ^WY[h Wdj[ [b kd_\ehc[i feh Z_i\hWY[i$ Be ^_# f[b_]heÇ" Yec[djW AWjj_W L_j[h_" Y_[hed fWhW cedjWh bW eXhW Z[ `[\[ Z[ [ijW kd_ZWZ$ ;b bWdpWc_[dje Z[ j[Wjhe Æ@kWd_je [b YWdiW# fheo[Yje i[ h[Wb_pÂŒ Wo[h Z_jeÇ$ Kd [if[Yj|Ykbe gk[ ĹŠĹŠ [d [b 9ecWdZe Z[ Feb_Y‡W h[Yehh[h| bWi [iYk[bWi Z[ Z[ ?cXWXkhW$ Ik YecWd# ?cXWXkhW" Z_\kdZ_[dZe bei Z[h[Y^ei o eXb_]WY_ed[i Z[ ÄŠÄŽĹ˜ĹŠ"#ĹŠ+.2ĹŠ ,(#, 1.2ĹŠ"#ĹŠ+ ĹŠ ZWdj[" ;ilWh @_cƒd[p" bei d_‹ei o d_‹Wi$ BW _Z[W .+(!~ ĹŠ !(.- +ĔŊ Z[ijWYÂŒ bW \ehcWY_ÂŒd fhe# [i [Z_jWh [b Yk[dje" jWcX_ƒd 2.-ĹŠ#2/#!( +(9 Äą ".2ĹŠ#-ĹŠ3#, 2ĹŠ"#ĹŠ \[i_edWb Z[ bei ][dZWhc[i fWhW Ykcfb_h [ijW jWh[W" fWhW Z_\kdZ_hbe Z[ \ehcW ( #9ĹŠ8ĹŠ ".+#2!#-!( Ä“ĹŠ fk[i [i kd [gk_fe Z[ [iYh_jW$ kd_\ehcWZei gk[ \k[hed BW _d_Y_Wj_lW \ehcW fWhj[ Z[ kdW YWcfW‹W _cfkbiWZW feh YWfWY_jWZei fWhW [ij[ Ă’ d$ KdW Z[ bWi WYj_l_ZWZ[i i[h| bW Feb_Y‡W [if[Y_Wb_pWZW [d c[# deh[i" :_dWf[d$ Æ;b eX`[j_le [i Z_YjWh Y^WhbWi o Yed\[h[dY_Wi" [l_jWh [b WXkie W bei c[deh[i o [cf[pWh|d Yed Zei [iYk[bWi Z[ [ie Z[f[dZ[ Z[ gk[ [ijƒd _d\eh# bW fWhhegk_W hkhWb Z[ IWd 7dje#
ēŊ -Ŋ#+Ŋ!., -".Ŋ"#Ŋ .+(!~ Ŋ "#Ŋ , 41 ĔŊ 8#1Ŋ2#Ŋ1# +(9¢Ŋ#+Ŋ+ -9 Ĺ ,(#-3.Ŋ"#Ŋ+ Ŋ! ,/  Ŋ04#Ŋ1#!.11#1;Ŋ + 2Ŋ#2!4#+ 2Ŋ"#Ŋ+ Ŋ/1.5(-!( ēŊ
d_e Z[ ?XWhhW$ ÆDk[ijhW fh_eh_# ZWZ [i bb[]Wh W bei bk]Wh[i c|i WfWhjWZei" bk[]e bb[]Wh[cei W bWi pedWi khXWdWiÇ" Z_`e L_j[h_$
g Ĺ? ĂĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
ă
+ -#2ĹŠ"#ĹŠ #,/1#-"(,(#-3.
Ĺ—ĹŠ ĹŠBW Kd_l[hi_ZWZ 9WjÂŒb_YW" W jhWlƒi Z[ bW Kd_ZWZ Z[ I[hl_#
Ä“ĹŠ -ĹŠ#+ĹŠÄ‰Ä‡ÄˆÄˆÄ”ĹŠ#+ĹŠ(-5(#1-.ĹŠ/ 2¢Ŋ$ !341 ĹŠ ĹŠ , 41 ĹŠ!.-ĹŠ#+ĹŠÄ?Ä‰Ĺ˜ĹŠ"#ĹŠ5( +(" "ĹŠ141 +ĹŠ3.3 +,#-3#ĹŠ"#2314(" Ä“ĹŠ
)(#.), (Ĺ‹4)( -Ĺ‹0/&( , & -Ĺ‹
Ŋ #!1#3 1~ Ŋ"#Ŋ #23(¢-Ŋ"#Ŋ (#2%.2ĔŊ Ŋ31 5_2Ŋ"#Ŋ+ Ŋ + Ŋ (34 !(.- +ĔŊ#,(3#Ŋ (-$.1,#2Ŋ"#+Ŋ!+(, Ŋ#-Ŋ , 41 ē
ŊěŊ7 d_l[b Z[ bW fhel_dY_W i[
Z[j[YjWd jh[i YWdjed[i lkbd[hW# Xb[i c|i fhef[diei W _dkdZWY_e# d[i o Z[ibWl[i 9ejWYWY^_" F_cWc# f_he" KhYkgk‡ $ I_d [cXWh]e" bW h[Wb_ZWZ [i ejhW$ ;d ?XWhhW" i[Yje# h[i Yece BW ;if[hWdpW" IWd 7d# jed_e" OkhWYhkY_je" 7d]eY^W]kW" 9eY^WfWcXW" [djh[ ejhei ik\h[d bei [ijhW]ei Z[ bW ƒfeYW _dl[hdWb$ B[edeh 9WhbeiWcW" h[fh[i[d# jWdj[ Z[ bW I[Yh[jWh_W Z[ =[ij_Œd Z[ H_[i]ei Z[ ?cXWXkhW ID=H " Z_`e gk[ bW i_jkWY_Œd Yb_c|j_YW YWcX_Œ [d bW cWoeh fWhj[ Z[b fW‡i o i[ h[]_ijhWd _dY_Z[dY_Wi$ H[Yeh# ZŒ be eYkhh_Ze [d [b i[Yjeh Z[ Ok#
hWYhkY_je" fWhhegk_W ;b IW]hWh_e" ZedZ[ f[hiedWb Z[ bW ID=H" i[ cel_b_pÂŒ Wb bk]Wh [d YeehZ_dWY_ÂŒd Yed [b C_d_ij[h_e Z[ ?dYbki_ÂŒd ;YedÂŒc_YW o IeY_Wb" fWhW Xh_dZWh WokZW ^kcWd_jWh_W W bW \Wc_b_W ZWcd_Ă’YWZW$ I[‹WbÂŒ gk[ bW _dij_jkY_ÂŒd Yk[d# jW Yed kdW IWbW I_jkWY_edWb" bW YkWb [ij| [gk_fWZW Yed WbjW j[Yde# be]‡W o f[hiedWb YWfWY_jWZe" gk[ jhWXW`Wd" de iÂŒbe [d YedZ_Y_ed[i Z[ [c[h][dY_W" i_de [d Y_hYkdi# jWdY_Wi dehcWb[i$ Æ7gk‡ i[ j_[d[ Z[ fh_c[hW cWde be gk[ eYkhh[ [d bW fhel_dY_W o i[ YeehZ_dW Yed je# Zei bei eh]Wd_icei Z[ h[ifk[ijWi
YWdjedWb[i" [if[Y_Wbc[dj[ Yed bW 9hkp He`W" 8ecX[hei" [djh[ ejhWi _dij_jkY_ed[iÇ" cWd_\[ijÂŒ$ :_[]e =WhY‡W" fh[\[Yje Z[ ?c# XWXkhW" Z_`e gk[ \hkje Z[ bWi bbk# l_Wi gk[ YW[d Z[iZ[ Z_Y_[cXh[ Z[b (&''" [b -( Z[ bW l_Wb_ZWZ i[ Z[i# jhkoÂŒ$ Æ;b fheXb[cW c|i ]hWl[i ied bWi \WbbWi ][ebÂŒ]_YWi o [ije de i[ j[hc_dW Yed b_cf_Wh bW YWhh[j[# hWÇ" h[YWbYÂŒ$ =WhY‡W Wi[]khÂŒ gk[ [b =eX_[hde Fhel_dY_Wb Z[ ?cXWXk# hW =F? " _dl_hj_ÂŒ [b W‹e Wdj[h_eh '' c_bbed[i +&& c_b ZÂŒbWh[i fWhW c[`ehWh bW l_Wb_ZWZ [d bW fhel_d# Y_W$ ?dZ_YÂŒ gk[ Yed bW dk[lW h[Z_i# jh_XkY_ÂŒd Z[ bei h[Ykhiei" i[ fkZe iebl[djWh bW [c[h][dY_W$ 7b ce# c[dje i[ j_[d[ fh[l_ijW kdW fWhj_# ZW fh[ikfk[ijWh_W Z[ -&& c_b ZÂŒ# bWh[i fWhW jhWXW`ei [c[h][dj[i o iebkY_edWh fheXb[cWi h[]_ijhWZei
. ( #)( -Ĺ‹ ' ,! (. Kd jejWb Z[ )(& [c[h][d# Y_Wi Wj[dZ_ÂŒ [b 9k[hfe Z[ 8ecX[hei Z[ ?XWhhW" Zk# hWdj[ bW i[cWdW Z[b ', Wb (( Z[ [d[he$ :[ [bbWi" ',- \k[hed Wj[d# Y_ed[i Yb‡d_YWi" )* f[hiedWi l‡Yj_cWi Z[ l_eb[dY_W Y_l_b o WYY_Z[dj[i Z[ jh|di_je o (. f[hiedWi [nWc_dWZWi Wdj[i Z[ i[h jhWibWZWZei Wb 9[djhe Z[ :[j[dY_ÂŒd Fhel_i_edWb$ I[ ikcWd ** Wj[dY_ed[i YedjhW _dY[dZ_ei" i[_i Yeeh# Z_dWY_ed[i Yed XecX[hei Z[ ejhei YWdjed[i" eY^e h[i# fk[ijWi o YeehZ_dWY_ed[i Yed bW Feb_Y‡W DWY_edWb W bWi WbWhcWi Yeckd_jWh_Wi o '& WYY_ed[i [`[YkjWZWi feh bei e`ei Z[ |]k_bW" ZedZ[ bW Fe# b_Y‡W jecÂŒ fheY[Z_c_[dje [d bWi _dj[hl[dY_ed[i$
Y_ei ;cfh[iWh_Wb[i" Z[iW# hhebbW Z[b () Wb (- Z[ [d[he bW fh[i[djWY_Œd Z[ efehjkd_ZW# Z[i e fbWd[i Z[ d[]eY_e W bW Y_kZWZWd‡W$ Bei [ijkZ_Wdj[i Z[ bW cWj[h_W Z[ [cfh[d# Z_c_[djei" h[Wb_pWd [ijW fh[i[djWY_Œd Yece fWhj[ Z[ bWi WYj_l_ZWZ[i WYWZƒc_YWi Z[djhe Z[ bW _dij_jkY_Œd$ BW fhe]hWcWY_Œd i[ [`[YkjW [d Z_ij_djei ^ehWh_ei$
1. +#, 2ĹŠ5( +#2 -3#!#"#-3#2
ÄŽĹŠ"#ĹŠ, 19.ĹŠ"#+ĹŠÄ‰Ä‡ÄˆÄˆÄ”ĹŠ2#ĹŠ1#%(231¢Ŋ4-ĹŠ"#2+ 5#ĹŠ #-ĹŠ, -9 -.ĹŠ 4 1 -%4~ĔŊ#+ĹŠ2 +".ĹŠ$4#ĹŠ"#ĹŠ 31#2ĹŠ-( .2ĹŠ,4#13.2Ä“ĹŠ ÄŽĹŠ"#ĹŠ 1(+ĹŠ"#+ĹŠÄ‰Ä‡ÄˆÄˆÄ”ĹŠ4-ĹŠ +45(¢-ĹŠ 11 2¢Ŋ +%4- 2ĹŠ5(5(#-" 2ĹŠ#-ĹŠ -%4 1~-ĔŊ"#) -".ĹŠ 31#2ĹŠ$ ++#!(".2Ä“ ÄŽĹŠ"#ĹŠ"(!(#, 1#ĹŠ"#+ĹŠÄ‰Ä‡ÄˆÄˆÄ”ĹŠ4-ĹŠ"#2+ 5#ĹŠ ! ¢Ŋ !.-ĹŠ+ ĹŠ5(" ĹŠ"#ĹŠ".2ĹŠ/#12.- 2ĹŠ#-ĹŠ -%.!' Äą %4 ĹŠ8ĹŠ1#%(231¢Ŋ"  .2ĹŠ, 3#1( +#2Ä“ Ä‰ÄŒĹŠ"#ĹŠ#-#1.ĹŠÄ‰Ä‡ÄˆÄ‰Ä”ĹŠ2#ĹŠ1#%(231 ĹŠ#+ĹŠ/1(,#1ĹŠ #$#!3.ĹŠ"#+ĹŠ  .ĹŠ ĹŠ!.-2#!4#-!( ĹŠ"#ĹŠ+ 2ĹŠ ++45( 2ĹŠ#-ĹŠ+ ĹŠ!.,4-(" "ĹŠ"#ĹŠ 41 !14!(3.ĔŊ 4- ĹŠ$ ,(+( ĹŠ04#"¢Ŋ" ,-(ă! " Ä“ĹŠ
[d ?cXWXkhW$ I[]‘d [b ?D7C>?" [b fhedŒi# j_Ye Z[b Yb_cW lWh_Wh| Yed j[cf[# hWjkhWi c|n_cWi Z[ '+ ]hWZei o c‡d_cWi Z[ . ]hWZei" c_[djhWi gk[ bW fh[Y_f_jWY_Œd [ij| [djh[ +"( ^WijW '(". c_b‡c[jhei$
(-ĹŠ (2! +ĹŠ 1.5(-!( +
Ĺ—ĹŠ ĹŠBk[]e bW [b[YY_ÂŒd Z[ C[hYa 8[dWl_Z[i W bW 9ehj[
DWY_edWb Z[ @kij_Y_W" [b Z[i# fWY^e Z[ bW <_iYWb‡W Z[ ?cXW# XkhW i[ [dYk[djhW i_d j_jkbWh$ I[]‘d 7b\edie IWbWpWh" fh[i_Z[dj[ Z[b 9edi[`e Z[ bW @kZ_YWjkhW [d bW fhel_dY_W" [b YWh]e i[ Z[YbWhWh| lWYWdj[ Wb cec[dje Z[ bW fei[i_Œd Z[ 8[dWl_Z[i" [ij[ (, Z[ [d[he$ I[ Z[iWhhebbWh| [b YedYkhie Z[ cƒh_jei o efei_Y_Œd fWhW Z[i_]dWh Wb dk[le j_jkbWh$
") ĆŋÄ? )Ĺ‹ -š&)Ĺ‹ /'*&)Ĺ‹& Ĺ‹ #-*)-# #š(Ĺ‹ &Ĺ‹ - ˜),Ĺ‹ & & Ä‘
4#5 ĹŠ1#"ĹŠ"#ĹŠ#,/1#-"#".1 2 ĹŠ ĹŠ Ä–ĹŠ ĹŠ
11 Ä–ĹŠ (+" ĹŠ #11#1 ĹŠ8ĹŠ -"1# ĹŠ ! !!.ĔŊ1# +(9 1.-ĹŠ+ ĹŠ/1#2#-3 !(¢-ĹŠ "#+ĹŠ/1.8#!3.ĹŠĹŠ #"ĹŠ"#ĹŠ,4)#1#2ĹŠ#,/1#-"#".1 2ĹŠ"#+ĹŠ! -3¢-ĹŠ 11 ĹŠ Ä“ĹŠ +ĹŠ/+ -ĹŠ3(#-#ĹŠ!.,.ĹŠ. )#3(5.ĹŠ!1# 1ĹŠ4-ĹŠ2(23#, ĹŠ"#ĹŠ.1% -(9 !(¢-ĹŠ8ĹŠ $.13 +#!(,(#-3.ĹŠ"#ĹŠ+ 2ĹŠ.1% -(9 !(.-#2ĹŠ"#ĹŠ,4)#1#2ĹŠ8ĹŠ.3.1% 1ĹŠ +3#1Äą - 3(5 2ĹŠ"#ĹŠ#,/1#-"(,(#-3.Ä“ĹŠ #11#1 ĹŠ(-5(3¢Ŋ/ 1 ĹŠ04#ĹŠ !4" -ĹŠ#+ŊĉÄ?ĹŠ "#ĹŠ#-#1.ĹŠ ĹŠ+ ĹŠ 2 ĹŠ"#ĹŠ+ ĹŠ 11# (" "ĹŠ"#2"#ĹŠ+ 2ĹŠÄˆÄ?ĖććŊ +ĹŠ+ -9 ,(#-3.ĹŠ .ă!( +ĹŠ"#+ĹŠ/1.8#!3.Ä“
Bk[]e Z[ gk[ gk[ZWh| i_d [\[Yje bW ehZ[dWdpW gk[ h[]kbW bW f[h# cWd[dY_W Z[ XWh[i o Z_iYej[YWi Y[hYW Z[ bWi _dij_jkY_ed[i [ZkYW# j_lWi$ BkY_Wde 9^WYÂŒd" fhef_[# jWh_e Z[ bW Z_iYej[YW D[nki" kX_# YWZW [d bW 8eb‡lWh o L[bWiYe" Z_`e gk[ bei fheXb[cWi Yed [b Yec_# iWh_e Ckd_Y_fWb FWjh_Y_e EY^eW" Yedj_d‘Wd$ 9^WYÂŒd" i[‹WbÂŒ gk[ [b \kdY_edWh_e [i kdW f[hiedW gk[ WXkiW Z[ ik Wkjeh_ZWZ" [i ZƒifejW o cWb [ZkYWZe$ Æ7 f[iWh Z[ gk[ i[ ^WXbÂŒ Yed [b 7bYWbZ[" ƒb YbWkikhÂŒ kdW Z_iYej[YW [d Zei eYWi_ed[iÇ" cWd_\[ijÂŒ$ ?dZ_YÂŒ gk[ [ij| Z_ifk[ije W bb[]Wh ^WijW bWi ‘bj_cWi Yedi[# Yk[dY_Wi" _dYbkie W f[Z_h kdW Wk# Z_[dY_W Yed [b C_d_ijhe Z[b ?dj[# h_eh" [d YWie Z[ de [n_ij_h Wfeoe feh fWhj[ Z[ bWi Wkjeh_ZWZ[i Z[b Ckd_Y_f_e$
ēŊ 31(!(.Ŋ !'. ĔŊ!.,(2 1(.Ŋ 4-(!(/ +Ŋ"#2,(-3(¢Ŋ+ 2Ŋ"#!+ 1 !(.Ĺ -#2Ŋ"#Ŋ 4!( -.Ŋ ' !¢-ĔŊ/1./(#3 1(.Ŋ "#Ŋ4-Ŋ!#-31.Ŋ"#Ŋ"(5#12(¢-Ŋ"#Ŋ 11 ēŊ
:[ ik bWZe" EY^eW" Z_`e gk[ bWi f[hiedWi j_[d[d gk[ i[h ^ed[i# jWi o jhWdifWh[dj[i$ >WXbÂŒ ieXh[ bW YbWkikhW Z[b Yecfb[`e H[je]eb [d bW Wl[d_ZW ;b H[jehde" [d [b YkWb ik fhef_[jWh_W de YWdY[bÂŒ bW fWj[dj[ ckd_Y_fWb Z[b (&''$ Æ7gk‡ bWi f[hiedWi j_[d[d gk[ ^WXbWh Yed ^ed[ij_ZWZ" oe ieo kd ^ecXh[ Z[ ^edeh o c_[djhWi [ij[ Wgk‡ i[ Ykcfb_h|d bWi ehZ[# dWdpWiÇ" WYbWhÂŒ$ BW ehZ[dWdpW h[\ehcWjeh_W gk[ i[ fh[i[djÂŒ [d Z_Y_[cXh[" j_[d[ kd fbWpe Z[ ,& Z‡Wi fWhW i[h ieY_Wb_pWZW W jeZei bei WYjeh[i _dlebkYhWZei$
Ä…
g Ĺ? ĂĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
' 1+ 2ĹŠ!.,4-(3 1( 2
Ĺ—ĹŠ ĹŠĹŠLWh_Wi eh]Wd_pWY_ed[i jecWhed bW _d_Y_Wj_lW Z[ ie#
Y_Wb_pWh Z_ij_djei j[cWi Yed bei ^WX_jWdj[i Z[ Z[j[hc_# dWZei XWhh_ei$ JWb [i [b YWie Z[b 9ecWdZe Fhel_dY_Wb Z[ Feb_Y‡W1 [ijW [dj_ZWZ ieY_W# b_pÂŒ c[Z_ZWi Z[ fh[l[dY_ÂŒd [d Z_\[h[dj[i XWhh_ei Yece0 9WhWdgk_" BW L_Yjeh_W" 7bfWY^WYW" [djh[ ejhei$ Kd Z_h_][dj[ XWhh_Wb" gk[ fh[Ă’[h[ ec_j_h ik decXh[" Z[YbWhW gk[ bWi Y^WhbWi de ied ikĂ’Y_[dj[i fWhW \h[dWh bW _di[]kh_ZWZ$
ĹŠ! 2 ĹŠ"#ĹŠ+ ĹŠ)45#-34"ĹŠ 8ĹŠ242ĹŠ/1.8#!3.2
Ĺ—ĹŠ ĹŠĹŠBei c_[cXhei Z[ YWiW Z[ bW `kl[djkZ Yedj_d‘Wd Yed [b fheo[Yje Z[ Y^WhbWi Yeckd_# jWh_Wi$ ;b b_Z[hWp]e [d jeZWi iki \ehcWi" [i [b Yedj[d_Ze fh_dY_fWb Z[ bWi h[kd_ed[i$ Ab[X[h ;ijh[bbW" jƒYd_Ye Z[ bW eh]Wd_pWY_ÂŒd _dZ_YW gk[ [b Ă’d Z[ i[cWdW j[dZh| kdW h[kd_ÂŒd ][d[hWb$ ;b eX`[j_le [i Yedieb_ZWh bei b_d[Wc_[d# jei fWhW bW Yh[WY_ÂŒd Z[ bW [iYk[bW Z[ b_Z[hWp]e$
+/ !' ! ĹŠ2(%4#ĹŠ /1.8#!3.
Ĺ—ĹŠ ĹŠĹŠ;b fheo[Yje fWhW bW Yedi# jhkYY_ÂŒd Z[b Y[c[dj[h_e [d
bW fWhhegk_W Z[ 7bfWY^WYW WlWdpW$ @kb_e 9ƒiWh 8WhW^e# dW" fh[i_Z[dj[ Z[ bW `kdjW _dZ_YŒ gk[ [b c_ƒhYeb[i cWd# j[dZh| kdW h[kd_Œd Yed bei fh[i_Z[dj[i Z[ bei '/ XWhh_ei Z[ bW fWhhegk_W fWhW jhWjWh [b j[cW$ >WijW [b cec[dje [ij|d h[Wb_pWZei bei [ijkZ_ei o i[ [if[hW bW Yedj_dkWY_Œd Z[ bW eXhW Yed [b Wfeoe Z[b Ckd_Y_f_e Z[ ?XWhhW$
Ä“ĹŠ ĹŠ, 8.1~ ĹŠ"#ĹŠ+.2ĹŠ%1 "4 ".2ĹŠ#-ĹŠ+.2ĹŠ!.+#%(.2ĹŠ"#ĹŠ , 41 ĹŠ-.ĹŠ#-!.-31 1;-ĹŠ4-ĹŠ!4/.ĹŠ#-ĹŠ+ ĹŠ Ä“ĹŠ
)Ĺ‹.) )-Ĺ‹. ( ,6(Ĺ‹ -)Ĺ‹ Ĺ‹& Ĺ‹ / #š(Ĺ‹-/* ,#), (+#2ĹŠ"#ĹŠ !'(++#1#2ĹŠ+4!' -ĹŠ/.1ĹŠ3#-#1ĹŠ 4-ĹŠ#2/ !(.ĹŠ#-ĹŠ+ 2ĹŠ4-(5#12(" "#2ĹŠ/ĂŒ +(Äą ! 2ĔŊ/#1.ĹŠ+ ĹŠ$ +3 ĹŠ"#ĹŠ!4/.2ĹŠ+(,(3 Ä“ ěŊ BW [ZkYWY_ÂŒd W‘d de [i Z[ jeZei o \WbjW ckY^e fWhW gk[ be i[W1 Wi‡ be Z[ck[ijhWd bWi [ijWZ‡ij_YWi$ ;ij[ W‹e [d ?cXW# XkhW i[ ]hWZkWh|d c|i Z[ Y_dYe c_b [ijkZ_Wdj[i o bW Kd_l[hi_ZWZ JƒYd_YW Z[b Dehj[" KJD" j_[d[ iÂŒbe c_b .&& Ykfei$ BW Y_\hW _dZ_YW gk[ jh[i c_b (&& `ÂŒl[d[i i[ gk[ZWh|d i_d
[ZkYWY_ÂŒd ]hWjk_jW$ BW [ZkYWY_ÂŒd ikf[h_eh i_]k[ Yed i[h_ei fheXb[cWi$ ÆDei Z_# Y[d kdW YeiW" f[he bW h[Wb_ZWZ [i ejhW$ I[ fh[eYkfWd feh YWcX_Wh [b i_ij[cW Z[ _diYh_fY_ÂŒd" YkWd# Ze bW fheXb[c|j_YW [i [b i_ij[cW Z[ _dl[hi_ÂŒdÇ" Yec[djW 8hWoWd ;hWpe" [ijkZ_Wdj[$ ;ij[ Yec[d# jWh_e [i YecfWhj_Ze feh ejhei
[ijWh jhWXW`WdZe feh c[`ehWh bW [ZkYWY_ÂŒd ikf[h_ehÇ" i[‹WbW ;hWpe$ 7b _d_Y_e Z[b W‹e b[Yj_le" [b =eX_[hde _dl_hj_ÂŒ c|i Z[ +& c_bbed[i Z[ ZÂŒbWh[i [d bW +3 ĹŠ(-5#12(¢h[WZ[YkWY_ÂŒd Z[ _dij_jk# Æ;b fh[ikfk[ije Z[ij_# dWZe fWhW bW [ZkYWY_ÂŒd Y_ed[i Z[ d_l[b fh_cWh_e o ikf[h_eh Z[X[ i[h Z[ij_# ĹŠ i[YkdZWh_e$ !412 -ĹŠ#+ĹŠ3#1!#1.ĹŠ ;djedY[i" i[ ^WXbÂŒ Z[ dWZe [d bW YedijhkYY_ÂŒd "#ĹŠ !'(++#1 3.ĹŠ#-ĹŠ +.2ĹŠÄŒÄ?ĹŠ!.+#%(.2ĹŠ"#ĹŠ Z[ WkbWi kd_l[hi_jWh_Wi o + ĹŠ/1.5(-!( ĹŠ"#ĹŠ ,& c_bbed[i _dl[hj_Zei [d Y_[dY_W j[Ydebe]‡W$ I_d YedjhWjWY_ÂŒd Z[ ZeY[d# , 41 Ä“ [cXWh]e" c|i Z[ jh[i c_b j[i$ I_d [cXWh]e" iÂŒbe i[ XWY^_bb[h[i _cXWXkh[‹ei l[ _dl[hi_ÂŒd ceZ[hdWi o bk`eiWi [Z_Ă’YWY_ed[i eYkfWZWi Z[X[h|d XkiYWh kd_l[hi_ZWZ[i fWhW eĂ’Y_dWi Z[ gk_[d[i Z_Y[d fh_lWZWi$ Wbkcdei$ Æ:[X[h‡Wd fh[eYkfWh# i[ feh iebkY_edWh fheXb[cWi Z[ \edZe o de Z[ \ehcWÇ" Yec[djWd i_d ZWh decXh[i$
ÄŽĹŠÄˆÄ?ć
/- (Ĺ‹(/ 0)Ĺ‹') &)Ĺ‹ ! -.#š(Ĺ‹* , Ĺ‹* ,,)+/# BW 7ieY_WY_ÂŒd Z[ @kdjWi FWhhe# gk_Wb[i HkhWb[i Z[ ?cXWXkhW i_]k[ [b fheY[ie fWhW bW Yedi[# YkY_ÂŒd o [b \ehjWb[Y_c_[dje Z[b ceZ[be Z[ ][ij_ÂŒd Z[ bW [dj_ZWZ$ ;d WiWcXb[W Yed bei fh[i_Z[d# j[i Z[ bei ]eX_[hdei fWhhegk_W# b[i i[ Z[j[hc_dÂŒ bWi Z_h[Yjh_Y[i fWhW [ijWXb[Y[h bWi kd_ZWZ[i Z[ Yeckd_YWY_ÂŒd [d YWZW `kdjW fW# hhegk_Wb$ Bei h[fh[i[djWdj[i Z[ bWi ), fWhhegk_Wi hkhWb[i Z[ bW fhel_d# Y_W [ij|d Z[ WYk[hZe [d Yed\eh# cWh kd [gk_fe ckbj_Z_iY_fb_dW# h_e [d YWZW `kh_iZ_YY_ÂŒd$ ;ije
_cfb_YW bW Yh[WY_ÂŒd Z[ jh[i kd_# ZWZ[i" Yeckd_YWY_ÂŒd" jƒYd_YW o Z[iWhhebbe$ Bei jh[i cÂŒZkbei [ijWh|d kd_Zei Yed bW fh[c_iW Z[ Z[iWhhebbWh [b eh]Wd_]hWcW WdkWb$ BW WieY_WY_ÂŒd fh[lƒ kd jhWXW# `e Yed`kdje fWhW [nfbejWh bWi \eh# jWb[pWi Z[ YWZW i[Yjeh$ ;b YWcfe Z[ WYY_ÂŒd [i [b jhWXW`e [d [b |c# X_je fheZkYj_le" WcX_[djWb" Ykb# jkhWb" [djh[ ejhei Wif[Yjei i[h|d [`[i Y[djhWb[i o i[ cWd[`Wh|d Yece kdW feb‡j_YW _dij_jkY_edWb" Wi‡ be YedĂ’hcÂŒ IWdj_W]e =Whh_# Ze" fh[i_Z[dj[ Z[ bW 7ieY_WY_ÂŒd$
Ä“ĹŠ -ĹŠ+ ĹŠ 2 , +# ĹŠ/ 13(!(/ 1.-ĹŠ+.2ĹŠ+~"#1#2ĹŠ/ 11.04( +#2Ä“
Ć 0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
g ĂĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? Ĺ? ÄĄ
ÂĄ Ä“ĹŠ (#".2ĹŠ(-3#1-.2ĹŠ'(!(#1.-ĹŠ04#ĹŠ4- ĹŠ,4)#1ĹŠ2#ĹŠ04#" ĹŠ#-!+ 4231 " ĹŠ#-ĹŠ#+ĹŠ(-.".1.ĹŠ/.1ĹŠ! 2(ĹŠ".2ĹŠ Â .2Ä“ĹŠ
Â™Ĺ‹ÄƒĂ˝ĂźĹ‹ u Ĺ‹
ŋ ŋ —
- Ŋ,4)#1Ŋ/ 2¢Ŋ,;2Ŋ"#Ŋ".2Ŋ  .2Ŋ#-!#11 " Ŋ#-Ŋ #+Ŋ3.(+#3Ŋ"#Ŋ24Ŋ! 2 Ŋ' 23 Ŋ04#Ŋ24Ŋ#2/.2.Ŋ+ Ŋ!.-Ĺ 5#-!(¢Ŋ"#Ŋ2 +(1ē
WiÂŒ /)( Z‡Wi Z[d# jhe Z[b XW‹e Z[ ik YWiW [d I_d]W# fkh fehgk[ i[d# j‡W gk[ ÆWb]k_[d bW fh[i_edWXW o b[ _cf[Z‡W iWb_hÇ$ I[]‘d ik [ifeie" bW i[‹ehW ^WX‡W _d]h[iWZe W Z_Y^e YkWhje [b (+ Z[ cWoe Z[ (&&/ o f[hcWd[Y_ÂŒ Wbb‡ ^WijW ^WY[ kdei Z‡Wi$ ;d kd [l_Z[dj[ [ijWZe Z[ fW# hWde_W o Z[fh[i_ÂŒd" bW ck`[h Wh#
]kc[djWXW gk[ Wb]k_[d b[ j_hWXW f_[ZhWi o b[ YW‡W W]kW YWZW l[p gk[ YWc_dWXW feh YkWbgk_[h bk# ]Wh gk[ de i[W [b XW‹e$ :khWdj[ ik [ijWdY_W [d [b je_b[j" Yec‡W" X[X‡W o Zehc‡W `kdje Wb _deZehe$ <_dWbc[dj[" Yed bW WokZW Z[b f[hiedWb Z[ bW Feb_Y‡W" ik YŒd# ok][ be]hŒ iWYWhbW Z[ ik [dY_[# hhe o \k[ jhWibWZWZW ^WY_W kd _dij_jkje c[djWb" ZedZ[ h[Y_X_Œ jhWjWc_[dje ^WijW gk[ h[]h[iŒ W ik ^e]Wh$
Bei cƒZ_Yei Z_`[hed gk[ bW fWY_[dj[ oW i[ [dYk[djhW [ijWXb[ o [d YedZ_Y_ed[i Z[ l_l_h [d bei ejhei WcX_[dj[i Z[ bW l_l_[dZW$ I_d [cXWh]e" ik cWh_Ze Z_Y[ gk[ Z[iZ[ gk[ bW jhW`e Z[ lk[bjW W ik YWiW" [bbW de ^W _Ze Wb _deZehe je# ZWl‡W$ ē
Ä“ĹŠ .-ĹŠ3 -ĹŠ%1 -"#2ĹŠ04#ĹŠ' 23 ĹŠ +%4-.2ĹŠ"#ĹŠ242ĹŠ"#/1#" ".1#2ĹŠ+#2ĹŠ 3#,#-
3 2ĹŠ%(% -3#2ĹŠ#-ĹŠ 4#5 ĹŠ .1* FWh[Y[ [b j‡jkbe Z[ kdW f[b‡YkbW Z[ j[hheh Z[ bei W‹ei eY^[djW" f[he de [i Wi‡$ Bei [cfb[WZei Z[ kdW \WceiW \hWdgk_Y_W Z[ YWbpWZe Z[fehj_le [dYedjhWhed kd he[Zeh ]_]Wdj[ ck[hje [d [b WbcWYƒd Z[ kde Z[ iki beYWb[i Z[b 8hedn" [d Dk[lW Oeha$ De [i bW fh_c[hW l[p gk[ kd Wd_cWb Z[ [ijWi YWhWYj[h‡ij_YWi iWbjW W bWi dej_Y_Wi$ Bei l[Y_dei Z[ [ij[ XWhh_e ied cko YbWhei Wb [nfh[iWh ik Z[iW]hWZe0 Æ;ij|d feh jeZWi fWhj[i o i[ b[i l[ jWdje Z[ Z‡W Yece Z[ deY^[Ç" [nfb_YW kdW Z[ bWi h[i_Z[dj[i$ ÆIed jWd ]hWdZ[i gk[ ^WijW bei ]Wjei b[i j_[d[d c_[ZeÇ" fhei_]k[$ Bei [nf[hjei ^Wd [nfb_YWZe gk[ i[ jhWjW Z[ Wd_cWb[i cko ieY_WXb[i" gk[ [d [ijWZe iWblW`[ l_l[d [d ]hWdZ[i cWdWZWi gk[ YWpWd `kdjWi$ 7b h[kd_hi[ lWh_Wi
Z[ [ijWi" ied YWfWY[i Z[ fhej[# ][hi[ Z[ iki Z[fh[ZWZeh[i$ BWi Wkjeh_ZWZ[i Yh[[d gk[ i[ jhWjW Z[ kdW hWjW Z[ =WcX_W 9h_Y[jecoi ]WcX_Wdki " kd j_fe Z[ he[Zeh Z[ ]hWdZ[i fhe# fehY_ed[i" Ykoe Yk[hfe fk[Z[ WbYWdpWh [b c[jhe Z[ bed]_jkZ$ ;d ;ijWZei Kd_Zei jkl_[hed Y_[hje ƒn_je Yece cWiYejWi" fk[ije gk[ ik Wif[Yje h[Yk[h# ZW XWijWdj[ W kd ^|cij[h o h[# ikbjWd \|Y_b[i o XWhWjWi Z[ Yh_Wh W f[iWh Z[ ik jWcW‹e$ 7 f[iWh Z[ [bbe" o Yece ik[b[ eYkhh_h Yed bWi cWiYejWi [nŒj_# YWi" iki fhef_[jWh_ei bWi WYW# XWd b_X[hWdZe$ ;ijW [i bW hWpŒd Z[ ik fheb_\[hWY_Œd o [b cej_le feh [b gk[ bW 7][dY_W <[Z[hWb fWhW bW <WkdW IWblW`[ o bW F[i# YW Z[ ;ijWZei Kd_Zei fhe^_X_Œ ik Yec[hY_e [d (&&)$
Ŋ Ŋ 1 Ŋ+ Ŋ2#!!(¢!41(.2.Ğ+ '.1 ē!.,ē#!
7/4+2¢Ŋ34,.1ĹŠ! -!#1.2.ĹŠ,(#-31 2ĹŠ3.2~ Kd YWie _diÂŒb_je ZW bW lk[bjW Wb ckdZe$ I[ jhWjW Z[ kdW ck`[h gk[ c_[djhWi jei‡W \k[hj[c[dj[ feh kd bWfie Z[ c|i Z[ Y_dYe c_# dkjei be]hÂŒ [nfkbiWh Z[ ik Yk[h# fe Wb]e c|i gk[ Ă“ [cWi$ Be gk[ jei_ÂŒ iehfh[dZ_ÂŒ W je# Zei o i[ YWjWbe]W Yece kd c_bW# ]he$ BW ck`[h" Z[ decXh[ 9bW_h[ EiXehd" Z[ )- W‹ei" de iWX‡W gk[ ik ]Wh]WdjW WbX[h]WXW kd [d[# c_]e ikcWc[dj[ f[b_]heie0 kd jkceh YWdY[heie$ I[]‘d J^[ Ikd" bW cWZh[ Z[ i[_i c[deh[i Z[ [ZWZ" ^WXh‡W j[# d_Ze feYWi fei_X_b_ZWZ[i Z[ ie# Xh[l_l_h Yed bW [d\[hc[ZWZ$ ;d kd WjWgk[ Z[ jei gk[ ZkhÂŒ c|i Z[ Y_dYe c_dkjei" [nfkbiÂŒ kd jk# ceh Z[ Yebeh cehWZe [d \ehcW Z[ YehWpÂŒd gk[ j[d‡W Wbe`WZe [d bW ]Wh]WdjW$ C_dkjei Z[ifkƒi Z[
4% 1ĹŠ-.ĹŠ /3.ĹŠ/ 1 ĹŠ! 1"~ !.2ĹŠ ĹŠ ĹŠ Ä–ĹŠ Ä“
ēŊ .Ŋ04#Ŋ2 !¢Ŋ"#Ŋ24Ŋ% 1% -3 Ŋ+#Ŋ" Ŋ/.! 2Ŋ#2/#1 -9 2Ŋ"#Ŋ5(" ēŊ
be eYkhh_Ze" EiXehd bb[lŒ W ik cƒZ_Ye be gk[ ^WX‡W [nfkbiWZe fWhW gk[ be [nWc_dWhW$ ;b h[# ikbjWZe \k[ Wj[hhWZeh fWhW [ijW cWZh[ oW gk[ i[ jhWjWXW Z[ kd
jkceh cWb_]de" h[ikc[ 7EB$ ;b cƒZ_Ye b[ Z_`e0 ÆFWh[Y[ gk[ kij[Z ^W jei_Ze Yecfb[jWc[dj[ ik Y|dY[h$ <[b_Y_ZWZ[iÇ$ Ä“
.! 2Ŋ/#12.- 2Ŋ2#1~ -Ŋ3 -Ŋ5 +(#-3#2Ŋ8Ŋ 11(#2% " 2Ŋ/ 1 Ŋ2#-3 12#Ŋ #-Ŋ#+Ŋ/(!.Ŋ"#Ŋ4- Ŋ1.! Ŋ04#Ŋ#23;Ŋ 23 -3#Ŋ +3 ē 1 Ŋ+.2Ŋ04#Ŋ24$1#-Ŋ"#Ŋ,(#".Ŋ Ŋ+ 2Ŋ +341 2Ŋ3 -Ŋ2.+.Ŋ#+Ŋ'#!'.Ŋ"#Ŋ ! ,(- 1Ŋ/.1Ŋ4-Ŋ+4% 1Ŋ04#Ŋ#23;Ŋ,48Ŋ +3.Ŋ#2Ŋ3.".Ŋ4-Ŋ, 13(1(.ĔŊ 2~Ŋ 04#Ŋ24/.-#,.2Ŋ04#Ŋ423#"ĔŊ04(9;2ĔŊ-4-! Ŋ2#Ŋ 31#5#1~ Ŋ Ŋ! ,(- 1Ŋ /.1Ŋ '~Ŋ8Ŋ2#-3 12#Ŋ#-Ŋ+ Ŋ.1(++ ĔŊ.Ŋ Ŋ,#-.2Ŋ04#Ŋ#2345(#1 Ŋ , 11 ".Ŋ /.1Ŋ3.".2Ŋ+ ".2Ŋ8Ŋ'4 (#1 Ŋ4-Ŋ1#"Ŋ"# ).ē
§ ć 0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
g Ĺ?ĂĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
ĥ +Ŋ(%4 +Ŋ04#Ŋ #-Ŋ Ŋ .-!.1Ĺ "( Ŋ04#1#,.2Ŋ 04#Ŋ#-Ŋ 2Ŋ .+.-Ĺ "1(- 2Ŋ#+Ŋ/4# +.Ŋ "#!(" Ŋ#-Ŋ!.-24+3 Ŋ /./4+ 1Ŋ Ŋ".-"#Ŋ /#13#-#!#1Ģ
).Ŋ+ Ŋ"(2Ĺ 31( 4!(¢-Ŋ #23 3(23 ĔŊ ! " Ŋ4-.Ŋ% - Ŋ#-Ŋ /1./.1!(¢-Ŋ Ŋ+ Ŋ ! -3(" "Ŋ04#Ŋ/4#Ĺ "#Ŋ2 04# 1Ŋ Ŋ+.2Ŋ /1."4!3.1#2ĢēŊ
ĹŠ
ĹŠ ĹŠ
ĹŠ ĹŠ
23 $ 2ĹŠ5(24 +#2
7dj[ bW [iYWbWZW Z[ fh[Y_ei ckY^ei iWX_Zei ^Wd h[ZkY_Ze [b Yedj[d_Ze Z[ bei fheZkYjei" l_jWc_dWi o c[Z_YWc[djei o j_[d[d bW iWfWZW Yece `kij_# Ă’ YWj_le fWhW Z[Y_h gk[ [d iki [dlWi[i YedijWd bei ]hWcei e Y[dj‡c[jhei Y‘X_Yei$ 9kWdZe kde WZgk_[h[ kd fheZkYje l[ ik h[bWY_ÂŒd [djh[ [b jWcW‹e o [b fh[Y_e" o YkWdZe WXh[ [b [dlWi[ o [dYk[djhW W c[Z_e bb[dWh" ^[cei i_Ze l‡Yj_cWi Z[ kd j_ce e Z[ kdW [ijW\W l_ikWb$ DWZ_[ dei ^Wh| YWie ^WijW gk[ [b Z_YjWZeh be Z_ifed]W [d ik iWXWj_dW Yece ^W ikY[Z_Ze Yed bei WXkiei Z[ ik fhef_W [cfh[# iW J7C; e Yed [b lWdZWb_ice [ _hh[ifediWX_b_ZWZ Z[ 7l_WY_ÂŒd 9_l_b fWhW [l_jWh bei f[h`k_Y_ei gk[ jeZei bei Y_kZWZWdei i[d# j_cei o gk[ _dYWdiWXb[c[dj[ ^[cei h[YbWcWZe$ JWdjWi b[o[i gk[ iebe i_hl[d fWhW f[hi[]k_h W bei gk[ de b[i WYeb_jWd$ 1,#-ĹŠ (++ !(2ĹŠ Ä“ 4(3.
+ĹŠ#231_2ĹŠÄĽ#-5#)#!#ÄŚ
;b l_[`e h[\h|d gk[ Z_Y[ gk[ [b [ijhƒi Æ[dl[`[Y[Ç W kdW f[hiedW c|i h|f_Ze gk[ be dehcWb \k[ l[h_Ă’ YWZe [d kd [ijkZ_e Z[ ck# `[h[i gk[ ^WX‡Wd fWiWZe ckY^ei W‹ei Yk_ZWdZe d_‹ei _dYWfWY_# jWZei e cko [d\[hcei$ :[X_Ze W gk[ iki Yk[hfei de \k[hed YWfWY[i Z[ h[][d[hWh Yecfb[# jWc[dj[ bWi YƒbkbWi iWd]k‡d[Wi" [ijWi ck`[h[i [hWd \‡i_YWc[dj[ Z_[p W‹ei cWoeh[i gk[ ik [ZWZ YhedebÂŒ]_YW$ H[WYY_ed[i Wb [ijhƒi W bWh]e fbWpe fk[Z[d Wbj[hWh [b i_ij[cW [d \ehcWi gk[ [ij|d WieY_WZWi Yed ejhWi YedZ_Y_ed[i Z[ Æ[dl[`[Y_c_[djeÇ" Yece ied bW \hW]_b_ZWZ" Z[iY[die [d \kdY_e# dWb_ZWZ" [d\[hc[ZWZ YehedWh_W" eij[efehei_i" Whjh_j_i _dĂ“ WcW# jeh_W" Z_WX[j[i j_fe ( o Wb]kdei j_fei Z[ Y|dY[h$ BWi _dl[ij_]W# Y_ed[i jWcX_ƒd ik]_[h[d gk[ [b [ijhƒi _cfei_X_b_jW bW YWfWY_ZWZ Z[b Y[h[Xhe Z[ Xbegk[Wh Y_[hjWi jen_dWi o ejhWi cebƒYkbWi c|i ]hWdZ[i" fej[dY_Wbc[dj[ ZW‹_# dWi$ ;ijW YedZ_Y_ÂŒd jWcX_ƒd [i Yec‘d [d fWY_[dj[i gk[ ik\h[d bW [d\[hc[ZWZ Z[ 7bp^[_c[h$ 21 #+ĹŠ -4#+ĹŠ %4-".ĹŠ (-. (21 #+, -4#+Äž(-$.,#"Ä“2+"Ä“!4 ĹŠ ĹŠ ĹŠ Ä– ! 13 2 +"(1#!3.1Äž+ '.1 Ä“!.,Ä“#! 2(++ ĹŠÄˆÄ?ĈÄ?Ä‰ÄŒÄŠĹŠ ĹŠ.ĹŠ!4 +04(#1 ĹŠ "#ĹŠ-4#231 2ĹŠ %#-!( 2Ä“ #04(2(3.2Ä–ĹŠ ., 1#2ĹŠ8ĹŠ /#++(".2ĹŠ!.,/+#3.2Ä—ĹŠ-ĂŒ,#Äą 1.ĹŠ"#ĹŠ _"4+ Ä—ĹŠ3#+_$.-.ĹŠÄ¸ÄƒĹŠ).ĚėŊ"(1#!!(¢-ĹŠ".,(!(+( 1( ĹŠ .ĹŠ"#ĹŠ31 ).ĹŠ8ĹŠ!.11#.ĹŠ#+#!31¢-(!.Ä“
Ä? Ĺ‹ Ĺ‹ ÄŽ
;b ZhWcW Z[ -& c_b `ÂŒl[d[i o iki \Wc_b_Wi [ij| fWiWdZe _dWZl[hj_Ze feh bW ef_d_ÂŒd f‘Xb_YW$ I[ jhWjW Z[ bei gk[ f[hj[d[Y[d W (, _dij_jkY_e# d[i kd_l[hi_jWh_Wi YWb_\_YWZWi [d ik cec[dje Yece Ăˆ;É" gk[ Yehh[d [b h_[i]e Z[ Z[iWfWh[Y[h" Z[`|dZebei [d bW YWbb[" Yed bei W‹ei Z[ [ijkZ_e jejWb e fWhY_Wbc[dj[ f[hZ_Zei o i[fkbjWZei bei [i\k[hpei Z[ iki fWh[i feh ieij[d[hbei [d [bbWi$ ;d ikcW" gk[ i[ cWdY_bb[ ik Z[h[Y^e W bW [ZkYWY_ÂŒd$ BW [lWbkWY_ÂŒd Ăˆ_d i_jkÉ gk[ _cfb[c[djW# h| [b 9edi[`e Z[ ;lWbkWY_ÂŒd" 7Yh[Z_jWY_ÂŒd o 7i[]khWc_[dje Z[ bW 9Wb_ZWZ Z[ bW ;ZkYWY_ÂŒd Ikf[h_eh Z[j[hc_dWh| Yk|b[i Z[iWfWh[Y[d$ 9ecfheXWh| i_" [d [\[Yje" [iWi kd_l[hi_ZW# Z[i ^_Y_[hed YWcX_ei [d ik _d\hW[ijhkYjkhW" i_ Wfk[ijWd feh bW _dl[ij_]WY_ÂŒd" i_ YedjhWjWhed Yece cWdZW bW B[o W iki ZeY[dj[i o i_ ik cWbbW
ĹŠ : ĹŠ
# Ĺ‹ * ,6-#. ;d ;YkWZeh [b Y[h[Xhe de i[ lWbe# hW ckY^e$ H[if[jWcei o Wfh[Y_W# cei bWi fei[i_ed[i cWj[h_Wb[i o jWd]_Xb[i" Yece YWiW" YWhhe e hefW" ckY^e c|i gk[ Wgk[bbWi kd feYe c|i WXijhWYjWi" Yece [ZkYWY_ÂŒd" fh_dY_f_ei e [nf[h_[dY_W$ ;d kd Yedj[nje f[dWb e ce# hWb" ikY[Z[ be c_ice0 [d jWdje dk[ijhW [Yedec‡W ^W [n_]_Ze" jhWZ_Y_edWbc[dj[" Wf[dWi bW ie# Ă’ ij_YWY_ÂŒd _dj[b[YjkWb d[Y[iWh_W fWhW i[cXhWh fWfWi" dei fWh[Y[ gk[ jhWXW`Wh Yed [b Y[h[Xhe de [i jhWXW`Wh Z[ l[hZWZ$ 9edi_Z[# hWcei Wb]e cWj[h_Wb" Yece kd
Ykhh_YkbWh [i bW WZ[YkWZW$ ;d c[Z_e [ij|d bei [ijkZ_Wdj[i" gk_[d[i \k[hed W [iei Y[djhei Z[ [ZkYWY_ÂŒd ikf[h_eh Yed\_WZei [d gk[ [b ;ijWZe ^WX‡W WfheXWZe ik \kdY_edWc_[dje" gk[ Yh[‡Wd gk[ bei j‡jkbei gk[ h[Y_X_h‡Wd Yed [b WlWb [ijWjWb i[h‡Wd b[]‡j_cei o b[i i[hl_h‡Wd fWhW _di[hjWhi[ [d [b c[hYWZe bWXehWb Z[b fW‡i [n_jeiWc[dj[$ JWcX_ƒd [ij|d iki \Wc_b_Wi" bW cWoeh‡W Z[ YbWi[ c[Z_W" gk[ W^ehW i[ i_[dj[d [ijW\WZWi$ ;iWi \Wc_b_Wi [n_][d kdW h[ifk[ijW Z[b ;ijWZe o gk[ de i[ b[i Y_[hh[d bWi fei_X_b_ZWZ[i Z[ iki ^_`ei Z[ Yedj_dkWh" Yed bWi Z[X_ZWi ]WhWdj‡Wi" iki [ijkZ_ei kd_l[hi_jWh_ei$ De ^Wo gk[ ebl_ZWh gk[ [d ik cec[dje \k[ [b ;ijWZe [b gk[ Z_e bkp l[hZ[ Wb \kdY_edWc_[dje Z[ [iWi kd_l[hi_ZWZ[i o W^ehW de fk[Z[d bei ]eX[hdWdj[i Z[ jkhde ÆbWlWhi[ bWi cWdei Yece F_bWjeiÇ$
XWdWde e kdW i_bbW" kd X_[d h[Wb" YkoW fheZkYY_ÂŒd [n_][ [i\k[hpe o jWb[dje$ HeXWhbe" feh be jWdje" i[h‡W cWblWZe$ 7b]e Yece kd b_Xhe" kdW f[# b‡YkbW e kd fhe]hWcW" gk[ i[ fheZkY[ Yed [b Y[h[Xhe o gk[" [d ][d[hWb" de [n_][ ckY^W \k[hpW \‡i_YW" ikZeh d_ XhedY[WZe \eh# peie" dei fWh[Y[ kdW [cWdWY_ÂŒd i[YkdZWh_W" Wb]e i_d _cfehjWdY_W gk[ YkWbgk_[hW ^WY[ [d ik j_[c# fe b_Xh[$ 7i‡" heXWhbe e Yef_Whbe dei fWh[Y[ jWd _deY[dj[ o YWh[d# j[ Z[ i_]d_Ă’ YWZe Yece h[Ye][h bei \hkjei Z[ kd |hXeb i_d Zk[‹e fWhW iWY_Wh [b ^WcXh[$ ;d jeZe [b ckdZe ^Wo f_hWj[# h‡W" f[he [d [b ;YkWZeh ik fh|Yj_YW [i WX_[hjW o h[if[jWZW" Wb fkdje Z[ gk[ ^Wo beYWb[i fWhW [bbe o i[ l[d# Z[ Yed \WYjkhW$ ;d jeZe bWZe ^Wo l_Y_e" f[he Wgk‡ be Yedl[hj_cei [d l_hjkZ o Z[ijWYWcei iki X[d[Ă’ # Y_ei fWhW ][d[hWh fheif[h_ZWZ o WYWXWh Yed [b Z[i[cfb[e$ 7b c[dei YedjWcei Yed [b Yed#
ik[be Z[ iWX[h gk[ ^eo" jWb o Yece i[ l[ [d bW ckdZ_Wb h[i_ij[dY_W gk[ i[ ^W WbpWZe YedjhW bW Ijef Edb_d[ F_hWYo 7Yj" [i Yec‘d [d [b fbWd[# jW$ ;ie i_]d_Ă’ YW" Wb c[dei" gk[ de iecei kdW YkbjkhW [njhW‹W e kd [ifƒY_c[d WfWhj[ _do[YjWZe Z[ kd fWhj_YkbWh Z[ifh[Y_e Wb _dj[b[Yje" i_de gk[" i[dY_bbWc[dj[" iecei i[h[i ^kcWdei Yeckd[i" Wfhel[# Y^WZei o f[h[peiei" Yece jWdjei" [d [ijei ‘bj_cei Z‡Wi" ^Wd Z[cei# jhWZe i[hbe$ ;i _cfh[i_edWdj[ Yece [b ckdZe ^W ][d[hWZe Y^WhbWjWd[# h‡W XWhWjW ieXh[ Æb_X[hjWZ Z[ _d# \ehcWY_ÂŒdÇ e ÆieY_[ZWZ WX_[hjWÇ fWhW `kij_Ă’ YWh [b heXe Z[ X_[d[i _dj[b[YjkWb[i Z[ fWhj[ Z[ kdW fe# XbWY_ÂŒd ckdZ_Wb cWb WYeijkc# XhWZW W Z_ifed[h b_Xh[c[dj[ Z[ [bbei fehgk[" i[dY_bbWc[dj[" Wd# j[i de [n_ij‡W bW j[Ydebe]‡W fWhW YeXhWh o YedjhebWh Z[ cWd[hW [Ă’ Y_[dj[$ JeZe Yed jWb Z[ de h[# YedeY[h [b jhWXW`e W`[de$ ", 104#9Äž+ '.1 Ä“!.,Ä“#!
^ ^ĹŠ : ĹŠ ÄŠĹŠ
. (. )Ĺ‹ )(., Ĺ‹& Ĺ‹ &# ,. ;b i_b[dY_e [i kdW \ehcW Z[ c[dj_hW" bei ^ecXh[i i_b[dY_e# iei [d\[hcWd o ck[h[d$ >Wo ]eX_[hdei ZedZ[ Z[dkdY_Wh [i kd Z[b_je" [i _dikXehZ_dWY_ÂŒd" [i ^WX[h f[hZ_Ze [b Y_kZWZWde bWi ]WhWdj‡Wi _dZ_l_ZkWb[i$ ;d ckY^ei YWiei" bW [nfb_YWY_ÂŒd [i gk[" jWdje i[ ^W h[igk[XhW`WZe bW cehWb Z[ bWi _dij_jkY_ed[i gk[ feh j[ceh e Yecfb_Y_ZWZ" lWd f[hZ_[dZe [iW \k[hpW l_jWb Z[ dk[ijhW YedZ_Y_ÂŒd Z[ ^ecXh[i" feYe e dWZW _cfehjWd bei fh_d# Y_f_ei o bW cehWb _dZ_l_ZkWb$ ÂľI[h| [ij[ [b ehZ[d o bW jhWd# gk_b_ZWZ gk[ XkiYWcei5 <h[dj[ Wb Yed\ehc_ice" Wb# ]k_[d Z_`e ^WY[ kdei YkWdjei i_]bei ÆBW l[hZWZ" Wkdgk[ [d# Yh[ifWhW |d_cei i[h‡W [b fWie _d[l_jWXb[ ^WY_W bW Z[Ă’ d_j_lW \hW# j[hd_ZWZ1 bW l[hZWZ ^WY[ b_Xh[i W bei ^ecXh[i o W bWi dWY_ed[i" dkdYW bW c[dj_hW ^_pe l_Yjeh_e# iei W bei [`ƒhY_jeiÇ$ I_ WdWb_pWcei bei ^[Y^ei ]beh_eiei Z[ dk[ijhW ^_ijeh_W dWY_edWb" l[h[cei Yece bei ^ecXh[i Yed _Z[Wb[i ikf[# h_eh[i e\h[dZWhed iki fhef_Wi l_ZWi feh [b ^edeh o bW Z_]d_ZWZ Z[ dk[ijhei fk[Xbei$ ;b f[diWc_[dje Z[b ^ecXh[ o iki WYj_jkZ[i XkiYWd _cfed[h# dei [b i_b[dY_e" Yed Wc[dWpWi o h[fheY^[i gk_[h[d _dj_c_ZWhdei$ 9ehh[ifedZ[ W bei [YkWjeh_W# dei bW efehjkd_ZWZ Z[ i[h b_Xh[i" de ebl_Z[cei gk[ bWi _Z[Wi o bei fheo[Yjei [dh_gk[Y[d bW b_X[h# jWZ" YkWdZe [b fhe]h[ie Z[ bW fW# jh_W [ij| [d `k[]e o [i [b eX`[j_le \kdZWc[djWb fWhW [b Z[iWhhebbe$ ;i d[Y[iWh_e iWX[h" gk[ Z[X[# cei h[Ykf[hWh bWi YeiWi lWb_eiWi gk[ [ijWcei f[hZ_[dZe Yece ied0 [b YWc_de Z[ bW ^_ijeh_W" bei ]hWdZ[i _Z[Wb[i" bW Yh[Z_X_b_ZWZ Z[b fk[Xbe [d bei ]eX[hdWdj[i o [b Ykcfb_c_[dje `kije Z[ bW _di# j_jkY_edWb_ZWZ Z[ceYh|j_YW$ H[YehZ[cei gk[ bW c|i iW# ]hWZW Z[ bWi b_X[hjWZ[i [d Z[ce# YhWY_W" [i bW B_X[hjWZ Z[ F[diWh$
1#2("#-3#ĹŠ !(.- + ĹŠ ĹŠ } (1#!3.1 ĹŠ ")4-3
ĹŠ ÂĄ ĹŠ (1#!3.1
ĹŠ ĹŠ "(3.1ĹŠ #%(.- + ĹŠ "(3.1( +ĹŠ (-.3 41.ĹŠ Ä“ Ä“ 11 Ä–ĹŠ #)~ ŊĊĎćŊ#-31#ĹŠ 4!1#ĹŠ8ĹŠ .! $4#13#Ä“ #+_$.-.ĖŊĉĒĎĹÄ?ĎćĉŊ , (+Ä–ĹŠ( 11 Äž+ '.1 Ä“!.,Ä“#! 3 5 +.Ä–ĹŠ 4!1#ĹŠ#-31#ĹŠ +(- 2ĹŠ8ĹŠ .1 +#2Ä“ ĹŠ #+_$.-.Ä–ĹŠÄ‰Ä’Ä‰ÄąÄŽÄŒÄ?Ä?ĹŠ , (+Ä–ĹŠ.3 5 +.Äž+ '.1 Ä“!.,Ä“#! 4+!;-Ä–ĹŠ 4!1#ĹŠÄ?ĉĉŊ#-31#ĹŠ 8 !4!'.ĹŠ8ĹŠ 4-~-ĔŊĉ".ĹŠ/(2. #+_$.-.Ä–ĹŠÄ‰Ä’Ä‘ÄąÄŒÄ?ÄŒÄ?ĹŠ , (+Ä–ĹŠ34+! -Äž+ '.1 Ä“!.,Ä“#!  .Ä–ĹŠ ĹŠ .Ä“ĹŠÄ?ćĈĊ
666ē+ '.1 ē!.,ē#! 23 Ŋ2#!!(¢-Ŋ1#/1#2#-3 Ŋ+ Ŋ./(-(¢-Ŋ"#Ŋ+.2Ŋ#"(3.1#2ēŊ .2Ŋ#2!1(3.2Ŋ"#Ŋ+.2Ŋ !.+ .1 ".1#2Ŋ2¢+.Ŋ!.,/1.,#3#-Ŋ Ŋ242Ŋ 43.1#2Ŋ8Ŋ-.Ŋ1#ĄŊ#) -Ŋ-#!#2 1( Ĺ ,#-3#Ŋ#+Ŋ/#-2 ,(#-3.Ŋ"#+Ŋ/#1(¢"(!.ē
ÄˆÄ‰ĹŠ ĹŠ
"#ĹŠ4- ĹŠ,(!1.#,Äą /1#2 ĹŠ"#2/#) -ĹŠ + ĹŠ5~ Ä“ĹŠ
ēŊ -Ŋ 1Ŋ!.,#".1Ŋ#2Ŋ.31 Ŋ "#Ŋ+ 2Ŋ. 1 2Ŋ04#Ŋ+ Ŋ 4-3 Ŋ 1Ĺ 1.04( +Ŋ"#Ŋ , 8 ĔŊ#-31#%¢Ŋ Ŋ242Ŋ ' (3 -3#2ēŊ
ĈĎćć ĹŠ
ĹŠ
)' ),Ĺ‹ - &/ & Ĺ‹Ĺ‹
9ed Wb[]h‡W o [djh[]W Z[ eXhWi" ?cXWoW Y[b[XhW bei ,- W‹ei Z[ fWhhegk_Wb_pWY_ÂŒd$ BW d[Y[i_# ZWZ Z[ kd XWh Yec[Zeh fWhW bW [iYk[bW @WY_dje 9ebbW^kWpe [ijWXW bWj[dj[$ M_bb_Wc 9^W# cehhe" fh[i_Z[dj[ Z[ bW @kdjW FWhhegk_Wb" i[‹WbÂŒ gk[ Yed [b fh[ikfk[ije fWhj_Y_fWj_le Wi_]dWZe feh [b Ckd_Y_f_e Z[ 7djed_e 7dj[" i[ fh_eh_pÂŒ X[d[Ă’ Y_Wh Z[ kd [ifWY_e iWbk# ZWXb[ fWhW (&, d_‹ei o d_‹Wi gk[ Wi_ij[d W [ijW _dij_jkY_ÂŒd [ZkYWj_lW$ (+ c_b ZÂŒbWh[i \k[ bW _dl[h# i_ÂŒd Yecfhec[j_ZW$ Æ;n_ij‡W bW d[Y[i_ZWZ Z[ gk[ bei d_‹ei Yk[dj[d Yed kd bk]Wh Z[ YWb_# ZWZ" fWhW feZ[h h[Y_X_h ik Wb_# c[djWY_ÂŒd$ ;bbei f[hj[d[Y[d W lWh_ei XWhh_ei Z[ dk[ijhW fWhhegk_WÇ" Z_`e 9^Wcehhe$ 7Z[c|i fh[fWhWd [b Z_i[# ‹e _dj[hde Z[b Y[c[dj[h_e" oW gk[ [b Y[hhWc_[dje [ij| Yed# Ybk_Ze$
, 0# ( (Ĺ‹ (!/ Ĺ‹3Ĺ‹ * &/ #-')Ĺ‹ ?cXWXkhW \ehjWb[Y[ WYY_ed[i Z[ Yedjheb o l_]_bWdY_W [f_# Z[c_ebÂŒ]_YW fWhW fh[l[d_h [b Z[d]k[ o fWbkZ_ice [d bWi pedWi Z[ h_[i]e$ BW :_h[YY_ÂŒd Fhel_dY_Wb Z[ IWbkZ Z[iWhhe# bbW kd fbWd ef[hWj_le Z[ _d# j[hl[dY_ÂŒd [d bW pedW Z[ BW 9Wheb_dW$ ;d [b (&'' i[ h[feh# jWhed eY^e YWiei Z[ Z[d]k[ Yb|i_Ye o Y_dYe Z[ fWbkZ_ice [d [ijW fhel_dY_W$ ;d be gk[ lW Z[b W‹e" ^WijW bW \[Y^W de i[ ^Wd h[fehjWZe YWiei Z[ Z[d]k[ Yb|i_Ye e ]hW# l[" jWcfeYe i[ h[fehjWd YWiei Z[ fWbkZ_ice$ ;b f[hiedWb iWd_jWh_e h[Wb_pW WYj_l_ZWZ[i fh[l[dj_lWi Yed \kc_]WY_ÂŒd [d i_j_ei Z[ cWoeh YedY[djhW# Y_ÂŒd Z[ f[hiedWi" [iYk[bWi" Yeb[]_ei" Y^WhbWi Z[ceijhW# j_lWi W bW feXbWY_ÂŒd fWhW [b Yedjheb o [b_c_dWY_ÂŒd Z[ Yh_W# Z[hei Z[ l[Yjeh[i$ Bei i‡djecWi Z[ Z[d]k[ Yb|i_Ye _dYbko[d Ă’ [Xh[" \k[h# j[ Zebeh Z[ YWX[pW" Zebeh[i ckiYkbWh[i o Zebeh Z[jh|i Z[ bei e`ei$ KdW f[hiedW Yed Z[d]k[ Z[X[ jecWh WXkd# ZWdj[i b‡gk_Zei o YedjhebWh bW \_[Xh[ Yed Zei c[Z_ZWi0 XW‹Whi[ Yed W]kW W bW j[cf[# hWjkhW Z[b WcX_[dj[ o jecWh fWhWY[jWceb$
g ĂĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
Ĉ
"#ĹŠ+#!'#ĹŠ#2ĹŠ+ ĹŠ /1."4!!(¢-ĹŠ"#ĹŠ +.2ĹŠ2.!(.2ĹŠ"#ĹŠ+ ĹŠ 2.!( !(¢-ĹŠÄ‰ÄŒĹŠ "#ĹŠ 4-(.Ä“ĹŠĹŠĹŠĹŠĹŠĹŠ
.-3(-ĂŒ ĹŠ 2.!( (+(9 !(¢-ĹŠ "#ĹŠ+ ĹŠ
Ĺ—ĹŠ ĹŠ }$ BW ieY_WX_b_pW# Y_ÂŒd W bei [ijkZ_Wdj[i Z[
bei j[hY[hei W‹ei Z[ XWY^_# bb[hWje" fWhW [b WYY[ie W bWi kd_l[hi_ZWZ[i feh fWhj[ Z[ bW I[Yh[jWh‡W DWY_edWb Z[ ;ZkYWY_Œd Ikf[h_eh" 9_[d# Y_W" J[Ydebe]‡W [ ?ddelWY_Œd I;D;I9OJ " Yedj_d‘W [d bW fhel_dY_W$ ;ij[ fheY[ie [d [b YWdjŒd KhYkgk‡ i[ [\[YjkWh| [b '( Z[ \[Xh[he [d bei Yeb[# ]_ei 8k[dei 7_h[i" 9W^kWi# gk‡ o JƒYd_Ye KhYkgk‡$
ēŊ -Ŋ+ Ŋ/1(-!(/ +Ŋ 13#1( Ŋ"#Ŋ(-%1#2.Ŋ Ŋ+ Ŋ/ 11.04( Ŋ"#Ŋ 4#-.2Ŋ (1#2ĔŊ#+Ŋ +.04#.Ŋ/.1Ŋ#+Ŋ+.".Ŋ8Ŋ+ 2Ŋ++45( 2Ŋ#2Ŋ/#1Ĺ , -#-3#ēŊ ¢+.Ŋ/#12.- 2Ŋ!.-Ŋ/(!.Ŋ8Ŋ/ + Ŋ#2Ŋ+ Ŋ./!(¢-Ŋ/ 1 Ŋ04(3 1Ŋ#+Ŋ, 3#1( +Ŋ8Ŋ1#23 +#!#1Ŋ+ Ŋ!(1!4+ !(¢-Ŋ5#'(!4+ 1ēŊŊŊŊŊ
v -Ĺ‹ &)+/ -Ĺ‹ (!.2ĹŠ8ĹŠ/ + 2ĹŠ2.-ĹŠ+.2ĹŠĂŒ-(!.2ĹŠ(-2314,#-Äą 3.2ĹŠ04#ĹŠ' 23 ĹŠ#+ĹŠ,#"(.ĹŠ"~ ĹŠ"#ĹŠ 8#1ĔŊ2#ĹŠ #5("#-!(¢Ŋ#-ĹŠ+ ĹŠ5~ ĹŠ -ĹŠ #1¢-(,.ĹŊ 4#Äą -.2ĹŠ (1#2Ä“ĹŠĹŠĹŠĹŠ
}ŊěŊ;d bW l‡W IWd @[hÂŒd_ce# 8k[dei 7_h[i" [d [b a_bÂŒc[jhe ()" Y[hYW W bW Yeckd_ZWZ Z[ IWd <hWdY_iYe" bei Xbegk[ei ied Yedi# jWdj[i feh bW j[cfehWZW bbkl_eiW$ Feh ejhe bWZe bWi Yeckd_ZWZ[i Z[ IWd Bk_i" IWd @eiƒ" BW Fh_cWl[hW o ;b 9ehWpÂŒd" ieXh[l_l[d Z[iZ[ [b W‹e Wdj[h_eh" Yed e\h[Y_c_[d# jei o Z_Ă’ YkbjWZ[i fWhW jhWdifeh# jWh ik fheZkYY_ÂŒd b|Yj[W$ 7o[h" bW cWgk_dWh_W Z[b =e# X_[hde Fhel_dY_Wb Z[ ?cXWXk# hW" Xh_bbÂŒ feh bW Wki[dY_W ^WijW [b c[Z_e Z‡W$ '( f[hiedWi gk[ f[hj[d[Y[d W bW c_Yhe[cfh[iW CWdj[d_c_[dje L_Wb YedjhWjWZW feh bW _dij_jkY_ÂŒd" [hW [b ‘d_Ye h[c[Z_e fWhW bei jhWdifehj_ijWi gk[ l_W`Wd Z_Wh_Wc[dj[ ^WijW bW fWhhegk_W 8k[dei 7_h[i$ 9ed fedY^ei Z[ bbkl_W o Wb# ]kdei ^WijW i_d Yec[h" f[hcW# d[Y[d [d bW l‡W Wdj[ YkWbgk_[h Z[hhkcX[$ @eh][ J[h|d" kde Z[ bei ^WX_jWdj[i Z[ bW Yeckd_ZWZ Z[ IWd <hWdY_iYe" jhWXW`W fWhW bW c_Yhe[cfh[iW" _dZ_YÂŒ gk[ Z[iZ[ [b Ă’ d Z[ i[cWdW [b jhWXW`e [i Wh# Zke o gk[ b[i fhec[j_[hed jhW[h bW cWgk_dWh_W fWhW gk[ WokZ[ Yed bei jhWXW`ei$
2 ĹŠ"#ĹŠ'#11#1.ĹŠ!4!' 1 ĹŠ"#ĹŠ/ +.ĹŠ
9Whbei CWpW" YedZkYjeh Z[ kd YWc_ÂŒd Z[b =eX_[hde Fhel_dY_Wb Z[ ?cXWXkhW" i[ gk[ZÂŒ [d c[Z_e YWc_de$ ÆJ[d]e gk[ jhWdifehjWh cWj[h_Wb fWhW bW [bWXehWY_ÂŒd Z[ bWi Ykd[jWi Z[ kdW h[fh[iW [d bW fWhhegk_W 8k[dei 7_h[i" dei Z_`[hed gk[ Yece i[W YhkY[cei f[he [ije [i _cfei_Xb[Ç" Z_`e$ I[‹WbÂŒ gk[ bWi Wkjeh_ZWZ[i j_[d[d YedeY_c_[dje Z[ bW i_jkW# Y_ÂŒd Z[ bW l‡W" Z[X_Ze W bWi W\[Y# jWY_ed[i [d lWh_ei i[Yjeh[i Z[b YWdjÂŒd KhYkgk‡" bW cWgk_dWh_W [ij| Z[ifbWpWZW [d ejhei bk]Wh[i" feh [ie [d [ij[ bk]Wh iÂŒbe [ijWXWd bWi f[hiedWi Z[ bW c_Yhe[cfh[iW jhWXW`WdZe$ ;d ejhe [njh[ce Z[b YWdjÂŒd" bei fheZkYjeh[i Z[ b[Y^[ gk[ ied fWhj[ Z[ bW 7ieY_WY_ÂŒd (* Z[ @k# d_e Z[ bW fWhhegk_W 8k[dei 7_# h[i" ceijhWhed ik cWb[ijWh oW gk[ bW WokZW de bb[]W$ @eiƒ <hW# ]W" kde Z[ bei ieY_ei" cWd_\[ijÂŒ gk[ [d [ijW j[cfehWZW [i YkWdZe c|i i[ d[Y[i_jW bW Wi_ij[dY_W Z[b =eX_[hde Fhel_dY_Wb Z[ ?cXWXk# hW$ ÆJkl_cei kdW h[kd_ÂŒd Yed [b i[‹eh Fh[\[Yje" ^WY[ jh[i c[i[i dei fhec[j_ÂŒ bW YedijhkYY_ÂŒd Z[
(%4#Ŋ/1#.!4/ !(¢-Ŋ /.1Ŋ+ Ŋ/1#2#-!( Ŋ"#Ŋ .2.2Ŋ
Ĺ—ĹŠ ĹŠ $ 7b fWh[Y[h bW fh[i[dY_W Z[b eie WdZ_de
Ä“ĹŠ .2ĹŠ!.,4-#1.2ĹŠ "#ĹŠ+ 2ĹŠ/ 13#2ĹŠ +3 2ĹŠ"#ĹŠ+ ĹŠ/ 11.04( ĹŠ 4#-.2ĹŠ (1#2ĔŊ!.-3(-ĂŒ -ĹŠ(-%#-(;-Äą ".2#ĹŠ/ 1 ĹŠ/."#1ĹŠ2. 1#5(5(1ĔŊ!.-ĹŠ+ ĹŠ 5#-3 ĹŠ"#ĹŠ242ĹŠ/1."4!3.2ĹŠ/.1ĹŠ+ ĹŠ$ +3 ĹŠ"#ĹŠ 5~ 2ĹŠ#-ĹŠ 4#-ĹŠ#23 ".Ä“ĹŠĹŠĹŠĹŠ
i_]k[ YWkiWdZe fh[eYkfW# Y_Œd [d bei cehWZeh[i Z[ bWi Yeckd_ZWZ[i HWceiZWdjW" IWd C_]k[b" BW <eh[ijW" BW ;if[hWdpW" o ejhWi$ CehWZe# h[i Wi[]khWd gk[ ik ]WdWZe ^W i_Ze l‡Yj_cW Z[b lehWp Wf[j_je Z[ [ij[ Wd_cWb iWblW# `[$ =_bX[hje 9WZ[dW [nfb_YŒ gk[ jkle kd [d\h[djWc_[dje Z_h[Yje Yed [b eie" [d ik W\|d Z[ iWblWh [b h[ije Z[ ik ]WdWZe$
7(%#-ĹŠ 3#-!(¢-ĹŠĹŠ Ĺ—ĹŠĹŠ .2ĹŠÄ?ćŊ2.!(.2ĹŠ2#ĹŠ04#" -ĹŠ!.-ĹŠ+.2ĹŠ ,(+#2ĹŠ"#ĹŠ+(31.2ĹŠ"#ĹŠ+#!'#ĹŠ#-ĹŠ+ ĹŠ!.,4Äą -(" "ĹŠ ĹŠ 1(, 5#1 ĔŊ ĹŠ/#2 1ĹŠ"#ĹŠ04#ĹŠ 8#1ĹŠ2~ĹŠ/4"(#1.-ĹŠ31 -2/.13 1ĹŠ24ĹŠ/1.Äą "4!!(¢-ĹŠ#+ĹŠ3#,.1ĹŠ/.1ĹŠ4-ĹŠ"#114, #ĹŠ "#ĹŠ,;2ĹŠ/1./.1!(¢-ĹŠ#2ĹŠ+ 3#-3#Ä“ĹŠ ĹŠ 2(34 !(¢-ĹŠ/ 1 ĹŠ#23#ĹŠ2#!3.1ĹŠ-.ĹŠ' ĹŠ 5 1( ".ĹŠ"#2"#ĹŠ#+ĹŠ  .2ĹŠ -3#1(.1Ä“ĹŠ
kd fk[dj[" f[he ^WijW W^ehW de bb[]W dWZWÇ" _dZ_YÂŒ$ ;d [ijW i[cWdW i[ fh[i[djW# hed Zei Z[hhkcXei" [b fh_c[he W kd a_bÂŒc[jhe Z[ bW Yeckd_ZWZ Z[ IWd Bk_i o [b i[]kdZe [d BW Fh_# cWl[hW" feh [b Z[iXehZWc_[dje Z[b h‡e YedeY_Ze Yece [b IWbWZe$ Bei fheZkYjeh[i i[‹WbWhed gk[ d[Y[i_jWd bW _cfb[c[djWY_ÂŒd Z[ kd fk[dj[ Z[iZ[ IWd Bk_i Wb fWie BW Fh_cWl[hW$
1 ĹŠ"#ĹŠ1(#%.ĹŠ4- ĹŠ 1# +(" "ĹŠ
Ĺ—ĹŠ ĹŠ $ ;d bW fWhhegk_W IWd 7djed_e Z[ ?XWhhW" [b
=eX_[hde Fhel_dY_Wb Z[ ?c# XWXkhW Yedijhko[ [b h[l[ij_# c_[dje Z[ bW WY[gk_W IWdje :ec_d]e Z[ 9eXk[dZe" kd XWZƒd o kd ckhe$ ;ije \WY_b_jWh| [b W]kW Z[ h[]WZ‡e [d bW pedW$ BW _dl[hi_Œd bb[]W W bW Y_\hW Z[ *+ c_b ZŒbWh[i$ :ei c_b f[hiedWi i[ Z[Z_# YWd Wb Ykbj_le Z[ Z_l[hiei fheZkYjei gk[ WXWij[Y[d W bei c[hYWZei beYWb[i$
Ĺ? Ĺ?
Ĺ?
6-Ĺ‹&v( -Ĺ‹ Ĺ‹. &Z )()Ĺ‹ && ! ,6(Ĺ‹ Ĺ‹ u(. !
ĉ
g ĂĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
ŊěŊ;b i[hl_Y_e Z[ j[b[#
\ed‡W Ă’ `W i[ Wcfb_Wh| ^WijW bWi Yeckd_ZWZ[i Z[ =WhY‡W Ceh[# de$ Bei ]eX_[hdei beYWb[i ][i# j_edWhed Wdj[ bW 9ehfehWY_ÂŒd DWY_edWb Z[ J[b[Yeckd_YWY_e# d[i" fWhW gk[ [ij[ i[hl_Y_e i[ Wcfb‡[ ^WY_W [ijWi pedWi$ 7YjkWhed [d XWi[ Wb h[# gk[h_c_[dje YedijWdj[ Z[ bei cehWZeh[i Z[ bW fWhhegk_W$ Feh W‹ei [if[hWhed [ij[ i[h# l_Y_e gk[ bei cWdj_[d[ c|i Yeckd_YWZei Yed bei ikoei$ I[ fh[lƒ gk[ [d cWhpe i[ h[Wb_Y[d bWi fhk[XWi fWhW Ye# deY[h bW YeX[hjkhW Z[b i[hl_# Y_e$ :[ WYk[hZe W bei ‘bj_cei h[fehj[i [n_ij[ bW fei_X_b_ZWZ Z[ gk[ [b i[hl_Y_e Z[ j[b[\ed‡W _dYbkoW i[hl_Y_e Z[ _dj[hd[j Z[ '(. C8$
#23(.-#2ĹŠ#-ĹŠ #+#!31(ÄƒĹŠ! !(¢-ĹŠ
Ĺ—ĹŠ ĹŠĹŠ $ :khWdj[ [b c[i Z[ Z_Y_[cXh[ f[hiedWb Z[ bW
[cfh[iW [bƒYjh_YW Z[b Dehj[ ;c[bdehj[ " jhWXW`Whed Z[ \ehcW Whj_YkbWZW fWhW b[lWd# jWh _d\ehcWY_ÂŒd [d bW pedW Z[ ĂždjW] [d jehde Wb j[cW Z[ [b[Yjh_Ă’ YWY_ÂŒd$ H[Yef_bWhed ZWjei Z[ bei fkdjei c|i i[di_Xb[i gk[ h[gk_[h[d Z[ [d[h]‡W [bƒYjh_YW [d [b lWbb[ ikXjhef_YWb$ ;ij[ jhWXW`e Yedj_dkWh| [d [ijei c[i[i fWhW Wcfb_Wh bW YeX[hjkhW Z[ [b[Yjh_Ă’ YWY_ÂŒd$ Ä“ĹŠ +ĹŠ %4 ĹŠ++45( ĹŠ,#9!+ " ĹŠ!.-ĹŠ+ ĹŠ 1#- ĹŠ8ĹŠ/(#"1 2ĹŠ3 /.-¢Ŋ4-ĹŠ!.+#!3.1ĹŠ+.ĹŠ04#ĹŠ'(9.ĹŠ04#ĹŠ#+ĹŠ, 3#1( +ĹŠ2#ĹŠ"#2+(!#ĹŠ' 23 ĹŠ+ ĹŠ ! #!#1 ĹŠ/ 11.04( +ĹŠ8ĹŠ/.1ĹŠ+ ĹŠ - ,#1(! - Ä“ĹŠ
(2(3 2ĹŠ#2/#!( +#2
Ĺ—ĹŠ ĹŠĹŠ $ FWhW ^eo i[ fh[lƒ bW bb[]WZW Z[b 7bYWbZ[
Z[ 8W‹ei" W bWi &/0&& o W bWi ''0&& [ij| YedÒ hcWZW bW fh[i[dY_W Z[ bW L_Y[WbYWbZ[# iW Z[ ;ijeYebce" eh_kdZW Z[ Ik[Y_W$ 7cXWi Wkjeh_ZWZ[i jecWh|d YedjWYje Yed [b Xkh# ]ecW[ijh[ o h[Wb_pWh|d kd h[Yehh_Ze feh bW Y_kZWZ o iki fh_dY_fWb[i WjhWYj_lei$
,/4+2 1;-ĹŠ+ ĹŠ ! 11#3#1 ĹŠ 4(!.!' ĹŠ /4#+ ĹŠ
Ĺ—ĹŠ ĹŠĹŠ $ 9ed bei [ijk# Z_ei jƒYd_Yei Z[ bW YWhh[#
j[hW 9k_YeY^W 7fk[bW [d bW cWde" WdkdY_Whed gk[ ][ij_edWh|d h[Ykhiei fWhW bW YedijhkYY_ÂŒd Z[ [ijW cWYhe eXhW$ ;n_ij[d jh[i Wbj[hdWj_# lWi fWhW bW YedijhkYY_ÂŒd Z[ [ijW l‡W gk[ Yed[YjWh‡W W bW [nj[diW pedW Z[ ĂždjW] Yed 9ejWYWY^_$
(Ĺ‹ )& .),Ĺ‹- Ĺ‹. *)(šŋ (Ĺ‹ /#,)! Ĺ‹ )(Ĺ‹& -Ĺ‹&&/0# +ĹŠ %4 !#1.ĹŠ! 42 ĹŠ"  .2Ä“ĹŠ 1#- ĹŠ8ĹŠ/(#Äą "1 2ĹŠ ) 1.-ĹŠĹŠ' 23 ĹŠ+ ĹŠ! #!#1 ĹŠ/ 11.Äą 04( +ĹŠ"# (".ĹŠ ĹŠ04#ĹŠ+ ĹŠ5~ ĹŠ"#ĹŠ"#2$.%4#ĹŠ -.ĹŠ#23;ĹŠ' (+(3 " Ä“ĹŠ Æ7gk‡ i_[cfh[ ^Wo [b fheXb[cW Y_ed[i oW YWkiWd [ijhW]ei [d [b Yed bW bbkl_W fehgk[ bW Wh[dW i[ YWdjÂŒd" ieXh[jeZe [d bWi pedWi bb[dW [d bWi WbYWdjWh_bbWi o [d Zei c|i lkbd[hWXb[i$ Gk_he]W o bW eYWi_ed[i c_ YWiW i[ _dkdZÂŒ [d l‡W 9k_YeY^W ied fkdjei [d bei W‹ei fWiWZeiÇ" Z_`e ceb[ijW I_b# gk[ XWijW kdW \k[hj[ bbkl_W fWhW lWdW Hk_p" cehWZehW$ ;bbW Wb _]kWb gk[ iki l[Y_dei gk[ [cf_[Y[d bei fheXb[cWi$ BW i[cWdW fWiWZW kde Z[ bei f_Z[ cWoeh Yedjheb fehgk[ i[ Yeb[Yjeh[i Z[ W]kW bbkl_W" kX_YW# gk[`W gk[ Yed bWi bbkl_Wi [b cWj[# h_Wb fƒjh[e Yehh[ W be bWh]e ZW [d [b i[Yjeh Z[ =k_jWhhW Z[b Wi\Wbje$ KYe" [d fb[dW FWdWc[h_# ĹŠĹŠ D_Yeb|i =ÂŒc[p" fh[i_# YWdW" YebWfiÂŒ feh [b W]kW# Z[dj[ Z[ bW @kdjW FWhhe# Y[he$ O [i gk[ [d [ij[ bk]Wh bW fh[i[dY_W Z[ cWj[h_Wb -ĹŠ+ ĹŠ/ 11.04( ĹŠ 4(1.% ĹŠ#7(23#-ĹŠ gk_Wb Z[ Gk_he]W" [nfb_YÂŒ gk[ fWhW [b Z[i\e]k[ Z[b fƒjh[e [d bWi l‡Wi Yecfb_YW ÄˆÄ‡ĹŠ,(- 2ĹŠ"#ĹŠ jeZe$ ;b jWfedWc_[dje Z[b , 3#1( +ĹŠ/_31#.Ä“ĹŠ W]kW bbkl_W [d bW l‡W fh_d# Y_fWb [n_ij[d Zei Yeb[Yje# Yeb[Yjeh ^_pe gk[ Wh[dW o f_[ZhWi bb[]k[d W bW YWX[Y[hW fW# h[i$ C[dY_edÂŒ gk[ oW h[Y_X_[hed hhegk_Wb [ _dYbkie ^WijW [b XWhh_e WokZW f[he lebl_ÂŒ W [ijWdYWhi[ ^‘c[Ze$ BWi WY[gk_Wi Wb[ZW‹Wi [b W]kW bbkl_W$ F_Z[d bW fh[i[d# W [ijWi beYWb_ZWZ[i h[]_ijhWd [b Y_W Z[ bW YkWZh_bbW Z[ b_cf_[pW fWhW gk[ Whh[]b[d bei ikc_Z[hei c_ice _dYedl[d_[dj[$ Bei bk]Wh[‹ei ieij_[d[d gk[ o Z[ijWf[d [b Yeb[Yjeh" Wkdgk[ f[i[ W gk[ bei lebgk[j[i jhWdi# WYbWhÂŒ gk[ [b Ckd_Y_f_e _dj[hl_[# fehjWd Wh[dW Yed bWi fhej[Y# d[ [d lWh_ei i[Yjeh[i o [i [dj[d# Y_ed[i Z[X_ZWi [b cWj[h_Wb i[ Z_Xb[ gk[ bei eXh[hei Z[ceh[d Z[if[hZ_]W [d jeZW bW YWhh[j[hW$ [d bb[]Wh$
Ŋ Ŋ Ŋ ēŊ 8Ŋ #7/#!3 3(5 Ŋ/4#2Ŋ+.2Ŋ!.,4-#1.2Ŋ "#Ŋ 1!~ Ŋ .1#-.Ŋ2#Ŋ#-!4#-31 -Ŋ "(23 -3#2Ŋ8Ŋ1#04(#1#-Ŋ"#Ŋ+~-# 2Ŋ"#Ŋ !.,4-(! !(¢-ēŊ
'*&# ,6(ŋ ) ,./, ŋ (ŋ *,)!, ' -ŋ ŋ . ( #š( ŊěŊ7 eY^e fWhhegk_Wi
ŊěŊBWi \k[hj[i fh[Y_f_jW#
Ä“ĹŠ ĹŠ+.ĹŠ+ 1%.ĹŠ"#ĹŠ+ ĹŠ9.- ĹŠ "#ĹŠ}-3 %ĹŠ2#ĹŠ1#%(231 -ĹŠ/#04#Â .2ĹŠ "#2+ 5#2Ä“ĹŠ ĹŠ, 04(- 1( ĹŠ"#2/#) ĹŠ+ 2ĹŠ 5~ 2ĹŠ/1(-!(/ +#2Ä“ĹŠ
;d ckY^Wi eYWi_ed[i bW c_i# cW ][dj[ b_cf_W iki \h[dj[i fWhW [l_jWh gk[ bei ikc_Z[hei jWc# X_ƒd i[ eXijhkoWd$ 3(#-"#-ĹŠ/#"(".2
;d [b Ckd_Y_f_e Z[ 9ejWYWY^_" [nfb_YWhed gk[ bei f[Z_Zei feh [b \WYjeh Yb_c|j_Ye j_[d[ fh_eh_ZWZ$ ?d\ehcWhed gk[ de h[Y_X_[hed d_d]‘d f[Z_Ze Z[iZ[ bW fWhhe# gk_W Z[ Gk_he]W fWhW bW _dj[hl[d# Y_ÂŒd$ ;d YWcX_e" i[‹WbWhed gk[ W bW pedW Z[ ĂždjW] Wo[h i[ Z[ifbWpÂŒ [gk_fe YWc_d[he X|i_Ye gk[ \k[ ieb_Y_jWZe feh bW Yeckd_ZWZ fWhW bW b_cf_[pW Z[ hWcWb[i o Z[hhkc# X[i$
hkhWb[i Z[b YWdjŒd i[ [nj[d# Z[h| [b fheo[Yje _cfkbiWZe feh [b FWjhedWje IWdjW 7dW Z[ 9ejWYWY^_ Z[ _dYbki_Œd Z[ bWi f[hiedWi Z[ bW j[hY[hW [ZWZ$ LWh_Wi _dij_jkY_ed[i [d [djh[ [bbWi [b C_d_ij[h_e Z[ ?dYbki_Œd ;YedŒc_YW o Ie# Y_Wb#C?;I o bWi `kdjWi fWhhe# gk_Wb[i" i[ _dj[h[iWhed [d [ij[ fhe]hWcW fWhW [ij[ (&'($ Feh [bbe Yecfhec[j_[hed ik Wfe# oe Z[ jhWXW`e Yed`kdje$ ;cf[# pWhed Yed Gk_he]W" ?cWdjW]" F[‹W^[hh[hW o [d [ijW eYWi_Œd i[ [nj[dZ[h|$ ?Z[dj_\_YWh|d W bei WZkb# jei cWoeh[i gk[ h[gk_[hWd c|i Z[ Wj[dY_Œd o [iW jWh[W bW h[Wb_pWd Z[iZ[ oW bei jƒYd_Yei Z[ bW _dij_jkY_Œd" c[dY_edŒ" 7b[nWdZhW :|l_bW" jƒYd_YW Z[b FWjhedWje$
Ŋ Ŋ Ŋ ēŊ .2Ŋ /1.%1 , 2Ŋ"#Ŋ 3#-!(¢-Ŋ/1(.1(3 1( Ŋ 3#-"1;-Ŋ,;2Ŋ /.8.Ŋ#Ŋ(-3#15#-"1;-Ŋ #-Ŋ.!'.Ŋ!.,4-(" "#2ēŊ
#,(- 1(.ĹŠ/.1ĹŠ!(#11#ĹŠ!.-3 +#ĹŠ
+ĹŠ5(#1-#2ĹŠ"#2"#ĹŠ+ 2ŊćĒĖććŊ' 23 ĹŠ+ 2ĹŠÄˆÄ?ĖććĔŊ#-ĹŠ+ ĹŠ ;, 1 ĹŠ"#ĹŠ 41(2,.ĹŠ2#ĹŠ"(!3 1;ĹŠ4-ĹŠ2#,(- 1(.ĹŠ2. 1#ĹŠ#+ĹŠ ,/4#23.ĹŠ ĹŠ+ ĹŠ #-3 ĹŠÄ‰Ä‡ÄˆÄˆÄ”ĹŠ!(#11#ĹŠ!.-3 +#ĹŠ"#+ĹŠ  .ĹŠÄƒĹŠ2! +ĹŠ 8ĹŠ!.-!(+( !(¢-ĹŠ31( 43 1( Ä“ +ĹŠ(-2314!3.1ĹŠ#2ĹŠ 41(!(.ĹŠ 1 %¢-ĔŊ, %~23#1ĹŠ#-ĹŠ ",(-(231 !(¢-ĹŠ"#ĹŠ#,/1#2 2ĔŊ(-%#-(#1.ĹŠ!.,#1!( +ĹŠ8ĹŠ!.-3 ".1ĹŠ 43.1(9 ".Ä“ĹŠ 2ĹŠ/#12.- 2ĹŠ(-3#1#2 " 2ĹŠ/4#"#-ĹŠ 1#2#15 1ĹŠ4-ĹŠ!4/.ĹŠ#-ĹŠ+ ĹŠ ;, 1 ĹŠ"#ĹŠ 41(2,.ĔŊ! /~34+.ĹŠ 3 5 +.Ä“
g ĂĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
ÄŠ
./0# ,)(Ĺ‹ Ĺ‹ / .,)Ĺ‹#( ) /' (. )-
ĹŠĹŠ
+ĹŠÄ‘Ä‡Ĺ˜ĹŠ"#ĹŠ+.2ĹŠ 3 7(2ĹŠ!.,#1!( Äą +#2ĹŠ#23;-ĹŠ/(-3 Äą ".2ĹŠ"#ĹŠ , 1(++.Ä“
ēŊ Ŋ4-(" "Ŋ"#Ŋ 1;-2(3.Ŋ8Ŋ 1 -2/.13#Ŋ/("(¢Ŋ+.2Ŋ!.-31.+#2Ŋ/ 1 Ŋ+.2Ŋ #)#!43(5.2ē
$ /.#0)-Ĺ‹ (Ĺ‹ &Ĺ‹0 #0Z(Ĺ‹ Ĺ‹& ! &# Ĺ‹ -ĹŠ#+ĹŠ 4-(!(/(.ĹŠ"(!#-ĹŠ04#ĹŠ+.2ĹŠ#)#!4Äą 3(5.2ĹŠ-.ĹŠ/4#"#-ĹŠ!(1!4+ 1ĹŠ#-ĹŠ+ ĹŠ!(4" "Ä“ĹŠ ("(#1.-ĹŠ+.2ĹŠ!.-31.+#2ĹŠ ĹŠ+ ĹŠ .+(!~ Ä“ Ä› BW h[iebkY_ÂŒd '+* Z[
bW 7][dY_W DWY_edWb Z[ Jh|d# i_je" gk[ bW Feb_Y‡W Z[ Jh|di_je Z[b YWdjÂŒd" Z_`e gk[ ZWXW l‡W b_Xh[ W bei [`[Ykj_lei" ^WijW gk[ Yecfb[j[d bW ZeYkc[djW# Y_ÂŒd" Yed fbWpe W Z_Y_[cXh[ Z[ [ij[ W‹e" de j_[d[ _d][h[dY_W [d bei ]eX_[hdei WkjÂŒdecei Z[iY[djhWb_pWZei" [nfb_YÂŒ ?l|d 9^|l[p" `[\[ Z[ bW kd_ZWZ Z[ Jh|di_je o JhWdifehj[ Z[b Ck# d_Y_f_e$ ;ijW Z_ifei_Y_ÂŒd de _dj[hĂ’ [# h[ W bei i[_i ckd_Y_f_ei Z[iY[d# jhWb_pWZei" i_de W bei gk[ Yec# f[j[ W bW 7][dY_W Z[ Jh|di_je" Z_`e [b \kdY_edWh_e ckd_Y_fWb$ 7Z[c|i bW ZeYkc[djWY_ÂŒd [nfh[iW gk[ bei gk[ de [ij|d Yedij_jk_Zei `kh‡Z_YWc[dj[ j_[# d[d /& Z‡Wi fWhW eh]Wd_pWhi[ [d YecfW‹‡Wi e Yeef[hWj_lWi$ ;d [b YWie Z[ EjWlWbe bei ÆcWb bbWcWZei [`[Ykj_lei de [ij|d Yedij_jk_Zei `kh‡Z_YWc[dj[Ç" o i_ ^Wo Wb]kdei b[]Wbc[dj[ [ijWXb[Y_Zei ied Yed ejhW Z[# dec_dWY_ÂŒd" Yece h[djW YWh" c[Y|d_YWi _dZkijh_Wb[i e Wkje# cejh_Y[i$ 9^|l[p W‹WZ_ÂŒ YedikbjWhed W bW 7][dY_W DWY_edWb" ieXh[ bW h[iebkY_ÂŒd '+*$ BW [dj_ZWZ [d# l_ÂŒ kd b_ijWZe eĂ’ Y_Wb" ZedZ[ de WfWh[Y[d bWi YecfW‹‡Wi gk[ Z_Y[d [ij|d h[]_ijhWZWi ^WijW
[b (&&/$ De ^Wo d_ EjWlWbe d_ ?XWhhW" i_ [ij|d Z[ 9WoWcX[" 9ejWYWY^_ o c|i Y_kZWZ[i Z[b fW‡i$ Ied +* ef[hWZehWi gk[ [ij|d Z[djhe Z[ bW b_ijW" Z_`e 9^|l[p$
+#% 1ĹŠ ĹŠ !4#1".2 Hecc[b IeiW Z_`e gk[ jhWXW# `W Yece [`[Ykj_le c|i Z[ Zei W‹ei" fWhW ƒb" bW ‘d_YW \ehcW Z[ ieij[d[h W ik \Wc_b_W [i jhWXW# `Wh [d ik YWhhe Z[iZ[ bW c[Z_W deY^[ ^WijW bW cWZhk]WZW$ Bei Yedjheb[i ^_pe gk[ WikcW [ij[ ^ehWh_e$ 7kdgk[ jhWXW`W [d \ehcW _b[]Wb" de b[ _dj[h[iW YedeY[h bWi ‘bj_cWi h[iebkY_ed[i" feh# gk[ Z_`e gk[ bWi Wkjeh_ZWZ[i de i[ fed[d Z[ WYk[hZe o gk[ Z[X[d [c_j_h kd iebe Yh_j[h_e fWhW de Yedj[djWhb[i e Z[iWd_# cWhb[i$ .-ĹŠ/#1,(2.ĹŠ.! 2(.- + ;b Ckd_Y_f_e Z[ EjWlWbe [d# jh[]ÂŒ kd f[hc_ie eYWi_edWb W bei ''& YWhhei Yec[hY_Wb[i gk[ [ijWXWd Z[djhe Z[b fheY[ie Z[ YWb_Ă’ YWY_ÂŒd$ I[ YWZkYWh|d [b , Z[ \[Xh[he" i_ de be]hWd ^WijW [ijW \[Y^W Yedij_jk_hi[ `kh‡Z_# YWc[dj[" [nj[dZ[h|d ejhe f[h# c_ie" fehgk[ j_[d[d jh[i c[i[i fWhW ik b[]Wb_pWY_ÂŒd$
;d kd ef[hWj_le Z[ hkj_dW" bW Fe# b_Y‡W _Z[dj_Ă’ YÂŒ W YkWjhe f[hiedWi gk[ l_W`WXWd W XehZe Z[ kdW Wk# jecÂŒl_b XbWdYe" de fh[i[djWhed ZeYkc[djei Z[ Y_kZWZWd‡W$ 7b l[h_Ă’ YWh i_ j[d‡Wd Wdj[Y[Z[dj[i f[dWb[i" YecfheXWhed gk[ bWi YkWjhe f[hiedWi" Zei ck`[h[i o Zei ^ecXh[i [ijWXWd _dlebkYhW# Zei [d YWiei `kZ_Y_Wb[i$ Kde Z[ [bbei j_[d[ '( Z[j[d# Y_ed[i" \k[ WYkiWZe Z[ heXe o [i# jW\W$ ;d [b _dj[h_eh Z[b l[^‡Ykbe [dYedjhWhed kdW Y^[gk[hW" i[ ieif[Y^W gk[ [hW fWhW [ijW\Wh W Yb_[dj[i _d][dkei" YkWdZe i[ WY[hYWd W beYWb[i Yec[hY_Wb[i W h[Wb_pWh YecfhWi$ CWkh_Y_e 8WbbWZWh[i" `[\[ Z[ C_]hWY_ÂŒd" Z_`e gk[ bei ef[hW# j_lei Z[ Yedjheb i[]k_h|d [d bWi fh_dY_fWb[i YWbb[i Z[ bW Y_kZWZ o [d bW FWdWc[h_YWdW" fWhW _cf[# Z_h gk[ bei Z[b_dYk[dj[i Yec[# jWd _b‡Y_jei$
Ä“ĹŠ .2ĹŠ!4 31.ĹŠ1#3#-(".2ĹŠ/#1, -#!(#1.-ĹŠ#-ĹŠ+ ĹŠ .+(!~ ĹŠ 4"(!( +ĹŠ' 23 ĹŠ 5#1(ÄƒĹŠ! 1ĹŠ"#ĹŠ04(#-ĹŠ#1 ĹŠ#+ĹŠ5#'~!4+.ĹŠ04#ĹŠ!.-"4!~ -ĹŠ8ĹŠ+ ĹŠ!'#04#1 Ä“
,/8675( 081,&,3$/,'$' '( 6$1 0,*8(/ '( ,%$55$ &20,6,Ă?1 785,602 ),(67$6 < &8/ 785$ &2192&$725,$ &21'(&25$&,Ă?1 =2,/$ 7$)85 &,61(526 (1/0." 1*& &, (&! ! !" .. 4 /1 ( (!" *$ +.$" .08*"5 6/-1"5 0. 27/ !" ( +)&/&:* !" 1'". 4 ( )&(& !" +*#+.)&! ! (+ -1" "/0 (" "* (+/ ,801(+/ 4 !" ( .!"* *5 !" +*!" +. &+*"/ 0&"*" "( (0+ %+*+. !" +*2+ . ( / &*0"."/ ! / "* "!". ( *) ! * - %8) *%' "0- %.)!-*. , . -1" ,."/"*0"* /1/ *!&! 01. / !& % +*!" +. &:* +!.6* "!". ( ,."/"*0" +*!" +. &:* ( / 1'"."/ */0&01 &+*"/ 4 .$ *&5 &+*"/ -1"
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
- *.6 *) 3*
- ) -! *
)# %' !--!-
- 2%) * ,0%4
)# -'*. 0'%* *-!&8)
*-!) 8) %!
! &
Ĺ? Ĺ?
Ĺ?
Ä Ä€
g Ĺ? ĂĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
ēŊ Ŋ(-3#-!(¢-Ŋ#2Ŋ!1# 1Ŋ4- Ŋ!.-!(#-!( Ŋ , (#-3 +(23 Ŋ#-Ŋ+.2Ŋ .3 5 +# .2Ŋ8Ŋ04#Ŋ+ Ŋ 241 Ŋ2 +% Ŋ"#Ŋ+ 2Ŋ! ++#2ē
ĹŠĹŠ #2"#ĹŠ#+ĹŠÄˆÄˆĹŠ"#ĹŠ "(!(#, 1#ĹŠ"#+ĹŠ  .ĹŠ/ 2 ".ĹŠ ' 23 ĹŠ+ ĹŠ$#!' ĹŠ2#ĹŠ 1#%(231 -ĹŠ".2ĹŠ $ ++#!(,(#-3.2ĹŠ#-ĹŠ #23#ĹŠ2#!3.1Ä“
ēŊ "#,;2Ŋ"#Ŋ+ 2Ŋ,4#13#2Ŋ04#Ŋ2#Ŋ1#%(231 -Ŋ#-Ŋ#+Ŋ31 ,.Ŋ"#Ŋ +4,;-ĔŊ+.2Ŋ !!("#-3#2Ŋ"#Ŋ31;-2(3.Ŋ2.-Ŋ!.-23 -3#2ēŊ -Ŋ #23#Ŋ31 ,.Ŋ-.Ŋ2#Ŋ/#1,(3(1;Ŋ04#Ŋ2#Ŋ#23 !(.-#-Ŋ 42#2Ŋ(-3#1/1.5(-!( +#2ē
Ĺ‹ ,' (Ĺ‹* , Ĺ‹ 0#. ,Ĺ‹ # (. +ĹŠ$ ++#!(,(#-3.ĹŠ"#ĹŠ4- ĹŠ-( Ŋ"#ĹŠÄˆÄ‡ĹŠ  .2ĹŠ "#ĹŠ#" "ĹŠ#-ĹŠ+ ĹŠ 43.5~ ĹŠ,4#5#ĹŠ ĹŠ+ 2ĹŠ 4Äą 3.1(" "#2Ä“ĹŠ ("#-ĹŠ+ ĹŠ1#4 (! !(¢-ĹŠ"#ĹŠ+.2ĹŠ 3 7(2ĹŠ"#ĹŠ .3 341(2Ä“ ŊěŊ BW ck[hj[ Z[ B_iX[j^"
Z[ '& W‹ei Z[ [ZWZ" [b Zec_d]e Wdj[h_eh" cel_Œ W bWi Wkjeh_ZWZ[i Z[ bW fWhhegk_W Z[ ?bkc|d" fWhW WhcWh WYY_ed[i gk[ [l_j[d c|i jhW][Z_Wi [d [ij[ i[Yjeh$ ;b \Wbb[# Y_c_[dje be fheleYŒ kdW YWc_e# d[jW" gk[ be ‘d_Ye gk[ i[ iWX[ [i Z[ Yebeh XbWdYe$ D[bied 8k_jhŒd" fhef_[jWh_e Z[ kdW kd_ZWZ Z[ bW YecfW‹‡W Z[ jWn_i 9ejWjkh_i" gk[ j_[d[ eY^e YWhhei" gk[ i[ [ijWY_edWd [d bW YkhlW W bW [djhWZW Z[ 9ejWYWY^_" h[YehZŒ gk[ W \_dWb[i Z[b W‹e fWiWZe oW Wb[hjWhed W bWi Wkje# h_ZWZ[i Z[b f[b_]he gk[ Yehh[d bWi f[hiedWi feh de kj_b_pWh bei fk[dj[i f[WjedWb[i$ 7Z[c|i" bW _b[]Wb_ZWZ gk[ Yec[j[d bei Xki[i _dj[hfhel_d# Y_Wb[i Wb [ijWY_edWhi[ [d i_j_ei fhe^_X_Zei fWhW [cXWhYWh o Z[i# [cXWhYWh fWiW`[hei [d bW Wkjel‡W o [if[Y_Wbc[dj[ Wb _d]h[ie W 9e# jWYWY^_$ ;iW [i bW YWkiW fWhW gk[ bWi f[hiedWi YhkY[d bW Wkjel‡W jhW# jWdZe Z[ ]WdWh [d l[beY_ZWZ W bei
l[^‡Ykbei gk[ Y_hYkbWd Z[ dehj[ W ikh o l_Y[l[hiW" Wi[l[hŒ 8k_jhŒd$ BW fhefk[ijW [i gk[ i[ Yebe# gk[d lWbbWi [d [b fWhj[hh[ Y[djhWb fWhW gk[ bWi f[hiedWi de YhkY[d feh [ij[ jhWce ^WijW bW ejhW eh_bbW Z[ bW FWdWc[h_YWdW$ 7Y[fjWd [ijWY_edWhi[ [d [b i_j_e [ijWXb[Y_Ze" [i Z[Y_h XW`e [b fk[dj[ f[WjedWb gk[ [ij| kX_YW# Ze Wb _d]h[ie W ?bkc|d" i_[cfh[ gk[ i[ YkcfbW Yed bW _dijWbWY_Œd Z[ lWbbWi$
1#5#-!(¢ 43.5~
+ĹŠ #-(#-3#ĹŠ .+~3(!.ĹŠ"#ĹŠ +4,;-ĹŠ"().ĹŠ04#ĹŠ 3." 5~ ĹŠ-.ĹŠ2.!( +(9 -ĹŠ#+ĹŠ 4#-ĹŠ42.ĹŠ"#ĹŠ+.2ĹŠ /4#-3#2ĹŠ/# 3.- +#2Ä“
2ĹŠ 43.1(" "#2ĹŠ#7(%(1;-ĹŠ04#ĹŠ2#ĹŠ!.+.04#-ĹŠ + 2ĹŠ5 ++ 2ĹŠ#-ĹŠ#+ĹŠ/ 13#11#ĹŠ!#-31 +Ä“ +ĹŠ!.-31.+ĹŠ"#ĹŠ 42#2ĹŠ(-3#1/1.5(-!( +#2ĹŠ2#1;ĹŠ .31.ĹŠ/#"(".ĹŠ04#ĹŠ"# #1;ĹŠ!4,/+(1ĹŠ+ ĹŠ .+(!~ ĹŠ !(.- +Ä“ ĹŠ+ 2ĹŠÄˆÄ?ĖććŊ2#ĹŠ1# +(9 1;ĹŠ+ ĹŠ1#4-(¢-ĹŠ!.-ĹŠ+ 2ĹŠ 43.1(" "#2Ä“ĹŠ #ĹŠ(-2/#!!(.- 1;ĹŠ+ ĹŠ/ 1 " ĹŠ"#ĹŠ 3 7(2ĹŠ .3 341(2Ä“
jhWXW`e gk[ b[ Yecf[j[ [d [ij[ i_# j_e$ ;ij|d YediY_[dj[i gk[ bW Wkje# l‡W \WY_b_jW ]hWdZ[i l[beY_ZWZ[i W bei YWhhei" f[he jWcX_ƒd gk[ bei cehWZeh[i Z[ ?bkc|d de eXi[h# lWd Wb dehj[ o ikh Wdj[i Z[ Yhk# pWh bW FWdWc[h_YWdW$ 43.1(" "#2ĹŠ2#ĹŠ1#4-(1;Ieb_Y_jWh|d Wb Ckd_Y_f_e bW @eh][ Z[ bW Jehh[" j[d_[dj[ Feb‡j_# Ye Z[ bW fWhhegk_W Z[ ?bkc|d" Z_`e YedijhkYY_ÂŒd Z[ Zei l_i[hWi fWhW gk[ YedleYÂŒ fWhW ^eo kdW WiWc# gk[ bei kikWh_ei j[d]Wd kdW [i# Xb[W [djh[ Wkjeh_ZWZ[i fhel_d# fWY_e fWhW fhej[][hi[ Z[b ieb o bW Y_Wb[i" fWhhegk_Wb[i o YWdjedWb[i bbkl_W" c_[djhWi [if[hWd kd Xki fWhW gk[ YWZW [dj_ZWZ YkcfbW [b Z[ jhWdifehj[ f‘Xb_Ye$
(%4#ĹŠ(-3#1- " ĹŠ Ĺ—ĹŠĹŠ ("( ĹŠ ēĔŊ"#ĹŠÄˆÄ?ĹŠ  .2ĹŠ"#ĹŠ#" "ĔŊ'#1, - ĹŠ"#ĹŠ+ ĹŠ-( Ŋ$ ++#!(" ĔŊ04(#-ĹŠ24$1(¢Ŋ'#1(" 2ĹŠ %1 5#2ĔŊ!4 -".ĹŠ+ ĹŠ! ,(.-#3 ĹŠ+ 2ĹŠ 31./#++¢Ŋ ĂŒ-ĹŠ2#ĹŠ#-!4#-31 ĹŠ(-3#1- " ĹŠ#-ĹŠ#+ĹŠ '.2/(3 +ĹŠ -ĹŠ (!#-3#ĹŠ"#ĹŠ ĂŒ+ĹŠ!.-ĹŠ/1.-¢23(!.ĹŠ1#2#15 ".Ä“
&6-.# )Ĺ‹ / , Ĺ‹ Ĺ‹& -Ĺ‹ && FWhW gk[ bW YedjWc_dWY_ÂŒd Wc# X_[djWb o l_ikWb gk[ i[ ][d[hW feh bei fb|ij_Yei gk[ [ij|d [d bWi YWbb[i Z_ic_dkoW i[ [`[YkjW# hW kd fheo[Yje [d Zei [iYk[bWi Z[ bW Y_kZWZ$ H[ZkY_h" h[Y_YbWh" h[kj_b_pWh o h[Y^WpWh [i [b c[# YWd_ice gk[ [cfb[Wh|d bei jƒY# d_Yei Z[ bW @[\WjkhW Z[ :[i[Y^ei IÂŒb_Zei Z[b Ckd_Y_f_e$ DWdYo IWbWpWh" `[\W Z[ Z[i[# Y^ei iÂŒb_Zei Z[b Ckd_Y_f_e" [n# fb_YÂŒ gk[ kdW [cfh[iW fh_lWZW W YWcX_e Z[b fb|ij_Ye [djh[]WZe feh bWi [iYk[bWi ZedWh|d [gk_# fei _d\ehc|j_Yei o l_ikWb[i gk[ i[hl_h|d W bei Wbkcdei fWhW c[`ehWh bW [ZkYWY_ÂŒd$ :[ WYk[hZe W bei a_bei gk[ be]h[d h[Ye][h i[ [djh[]Wh|0 :L:" fheo[Yjeh" kd fbWicW" kdW YecfkjWZehW fehj|j_b$ BW [iYk[bW IWhWdY[ o =WXh_[# bW C_ijhWb [ij[ l_[hd[i Z[fei_# jWh|d [b cWj[h_Wb h[Yeb[YjWZe o i[ YecfheXWh| bW YWdj_ZWZ o l[h i_ i[ ^WY[d WYh[[ZehWi W bei [gk_fei _d\ehc|j_Yei$ BW YWcfW‹W Z[ i[fWhWY_ÂŒd
+#5 1Ŋ#+Ŋ .+2.Ŋ1#43(Ĺ +(9 +#Ŋ#5(3 1;Ŋ04#Ŋ ,(+#2Ŋ"#Ŋ/+;23(!.2Ŋ2#Ŋ .3#-Ŋ#-Ŋ+ Ŋ! ++#Ģ Ŋ
ĹŠ ĹŠ ĹŠ ÂĄ
Z[ fb|ij_Yei i[ Wcfb_Wh| W bei ]hWdZ[i ikf[hc[hYWZei gk[ jhWXW`Wd [d EjWlWbe" Z[iZ[ [b ( Z[b fhŒn_ce c[i$ ?dijWbWh|d Yedj[d[Zeh[i [d i_j_ei [ijhW# jƒ]_Yei fWhW gk[ bWi f[hiedWi Z[fei_j[d bei fb|ij_Yei [d [ijei h[Y_f_[dj[i$ ;b fhefŒi_je Z[ [ijW YWcfW# ‹W [i h[ZkY_h bWi jed[bWZWi Z[ XWikhW gk[ bb[]W Wb h[bb[de iW# d_jWh_e$
Ĺ‹, *&# Ĺ‹ )(0 (#) BWi Wkjeh_ZWZ[i Z[ bW fhel_d# Y_W WYehZWhed fWYjWh Yed bei fhef_[jWh_ei Z[ h[ijWkhWdj[i Z[ j[hY[hW" YkWhjW o gk_djW YW# j[]eh‡W [d [b kie Z[b ]Wi Z[ kie Zecƒij_Ye o [b _dZkijh_Wb [d ?cXWXkhW$ ;d jeZei bei YWdje# d[i i[ Wfb_YWh| [b Yedl[d_e gk[ Yedi[dikWhed [d EjWlWbe$ >WijW [b )' Z[ cWhpe j_[d[ gk[ [ijWh b_ije [b [ijkZ_e fWhW Z[j[hc_dWh" bei beYWb[i gk[ [ij|d Z[djhe Z[b hWd]e Z[ bWi YWj[]eh‡Wi [d Yed\b_Yje$ Bei l[dZ[Zeh[i Z[ Wb_c[djei fh[# fWhWZei Z[b c[hYWZe (* Z[ CWoe [ij|d fh[eYkfWZei feh [ijW YWj[]eh_pWY_ÂŒd" h[gk_[h[d Z[ c|i _d\ehcWY_ÂŒd" fWhW gk[ bei jWdgk[i Z[ ]Wi bb[]k[d Yed dehcWb_ZWZ W [ij[ Y[djhe Z[ Ye# c[hY_Wb_pWY_ÂŒd$
Ä“ĹŠ .2ĹŠ5#-"#".1#2ĹŠ"#+ĹŠÄ‰ÄŒĹŠ "#ĹŠ 8.ĹŠ 42! 1;-ĹŠ(-$.1, !(¢-ĹŠ/ 1 ĹŠ !.-.!#1ĹŠ04#ĹŠ/ 2 1;ĹŠ!.-ĹŠ242ĹŠ!4/.2ĹŠ "#ĹŠ% 2Ä“
C_[djhWi jWdje bei ef[hWj_# lei fWhW WXWij[Y[h Z[ ]Wi [d bei ^e]Wh[i Yedj_dkWh|" bei ][dZWh# c[i o c_b_jWh[i h[i]kWhZWh|d W bei YWhhei Z_ijh_Xk_Zeh[i fWhW ]WhWdj_pWh bW l[djW Z[b YecXki# j_Xb[ [d jeZei bei i[Yjeh[i Z[b YWdjŒd" Z_`e [b `[\[ Z[b i[]kdZe :_ijh_je" J[bce 8[jWdYekhj^$ ;d bWi Z_ijh_Xk_ZehWi Z[b YWdjŒd bei Y_b_dZhei Z[ ]Wi bb[# ]Wd [d bW cW‹WdW o [d feYWi ^ehWi i[ j[hc_dW$
g ŏ ĂĆŏ ŏ ŏĂĀāĂ
ŏ +. ŏ ġ
āā
-ũ+ ũ(-2/#!3.1(
-ũ+ ũ.ăũ!(- ũ"#ũ(-2/#!3.1~ ũ#-!.-ı 31 ,.2ũ ũ+.2ũ(-2/#!3.1#2ũ#-! 1% ı ".2ũ "(3'ũ #1(%1 Ĕũ(-2/#!3.1 ũ"#+ũ ".2(ăũ! ".ũ8ũ#+ũ(-2/#!3.1ũ #1- -".ũ .-3#2"#.! ũ#+ũ"#ũ !'(++#1 3.ēũ
# ũ(-$.1, !(¢666ē+ '.1 ē!.,ē#!
4(2ũ _1#9Ĕũ 5;-ũ #"¢-ũ8ũ -(#+ũ 5 11#3#ē
#,(- 1(.ũ#-ũ#+ũ #-2(.- ".ũ 3 '4 +/ (ŋ& -ŋ#(-. & #)( -ŋ &ŋ )& !#)ŋ . "/ &* ŋ- ŋ,  ŋ &!/( -ŋ * #. #)( -ŋ ŋ' $), Ě '# (.)ŋ ŋ (- (4 ŋ &ŋ -./ # (. ąŋ&)-ŋ ) (. -ŋ./0# ,)(ŋ/(ŋ, -)ŋ ŋýúŋ'#(/.)-ŋ )(ŋ/(ŋ , ,#! ,#)ąŋ* , ŋ )(.#(/ ,ŋ )(ŋ& -ŋ#(-.,/ #)( -Ą
1(23(- ũ +,#(" ũ8ũ 1~.ũ (,_-#9ē
3 +(- ũ ++. Ĕũ .+.ũ 4(9ũ8ũ 41 ũ +#-!( ē
31(!(.ũ 8 + Ĕũ "(3'ũ #1(%1 Ĕũ 1!.ũ , 8.ũ8ũ #1- -".ũ .-3#2"#.! ē
+.ũ 4(31¢-Ĕũ 4(22#+ ũ +#1#- Ĕũ (!' 1"ũ #- +!;9 1Ĕũ ( - ũ (5 "#-#(1 Ĕũ +.ũ ,.1 Ĕũ "(3'ũ #1(%1 ũ8ũ #1- -".ũ .-3#2"#.! ē
+.ũ 4(31¢-ũ8ũ 4(22#+ ũ +#1#- ē
āĂ
g ŏ ĂĆŏ ŏ ŏĂĀāĂ
ŏ +. ŏ ġ
#5(2(¢-ũ"#ũ+ ũ (!(!+#3
.2ũ#-31#- ".1#2ũ"#ũ (!(!1.22ũ 1#5(2 1.-ũ! " ũ (!(!+#3 ũ/ 1 ũ5#1ũ + ũ2#%41(" "Ĕũ/#" +#2Ĕũ++ -3 2ũ $1#-.2ũ8ũ! 2!.Ĕũ#+ũ#-31#- ,(#-3.ũ !.,#-9¢ũ/ 2 -".ũ+.2ũ!.-.2ũ/ 1 ũ ! +#-3 1ũ8ũ"#2/4_2ũ2(%4(#1.-ũ ũ+ ũ /(23 ē
.24_ũ 1 9.Ĕũ 21 #+ũ .+(, Ĕũ +.ũ ;204#9ũ8ũ 1(#+ũ '4%;ē
-31#- ,(#-3.2ũ"#ũ
(ŋ& ŋ*#-. -ŋ ŋ # # ,)--ŋ ŋŋ / && ŋ- ŋ - ,,)&& ,)(ŋ& -ŋ *,6 .# -ŋ ŋ ąŋ* , ŋ &ŋ '* )( .)ŋ#(. , -./ # (.#&ŋ (#0 &ŋ- /( ,#)ŋ3ŋ*,#' ,#)ŋ+/ ŋ- ŋ,  ,6ŋ &ŋ0# ,( -ŋüāŋ ŋ ( ,)ŋ &ŋüúûüĄ
# 23(;-ũ 1 9.ũ8ũ #1- -".ũ (++ ,(+ē
(+ -ũ 41 ".Ĕũ 81.-ũ ($4#-3#2Ĕũ 5("ũ _1#9Ĕũ .+.ũ 4!' + ũ8ũ .24_ũ 1 9.ē
#1- -".ũ (++ ,(+Ĕũ 1~.ũ 13~-#9ũ8ũ 4 -ũ 1+.2ũ 13~-#9ē
+.ũ 1 5.Ĕũ 4+(;-ũ 4;1#9Ĕũ .2_ũ . #13.ũ ,/.5#1"#ũ8ũ +.ũ ;204#9ē
# ũ(-$.1, !(¢666ē+ '.1 ē!.,ē#!
ƒ Ä
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
g Ĺ?ĂĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ?
0#0 Ĺ‹*)&Z'# Ĺ‹*),Ĺ‹ 0#)( -Ĺ‹ " . Ĺ‹ (Ĺ‹& Ĺ‹ - ' & ;b l_Y[fh[i_Z[dj[ Z[ bW 7iWc# Xb[W" @kWd 9Whbei 9Wi_d[bb_" _di# jÂŒ Wo[h Wb WiWcXb[‡ijW efei_jeh <Wkije 9eXe FIF W fbWdj[Wh kd fheY[ie Ă’iYWb_pWZeh [d [b j[cW Z[ bW fh[ikdjW _hh[]kbWh_ZWZ [d +ĹŠ#7)#$#ĹŠ"#+ĹŠ ., -".ĹŠ .-)4-3.ĹŠ [b YWie Z[b [gk_fWc_[dje Z[ bei "#ĹŠ+ 2ĹŠ 4#19 2ĹŠ 1, " 2ĹŠ8ĹŠ !34 +ĹŠ Wl_ed[i 9^[[jW gk[ WZgk_h_ÂŒ [b 2 , +#~23 ĹŠĹŠ !.ĹŠ .-! 8.Ŋĸ ĚĔŊ =eX_[hde" Wb]e gk[ ƒb Z[dkdY_ÂŒ$ "().ĹŠ04#ĹŠ!4 +04(#1ĹŠ3(/.ĹŠ"#ĹŠ 1, ĹŠ"#ĹŠ ÆI_ j_[d[ Wb]kdW ZkZW" Yece 13(++#1~ ĹŠ"# #ĹŠ++#% 1ĹŠ#-ĹŠ!.-"(!(.-#2ĹŠ Ă’iYWb_pWZeh" Z[X[ ieb_Y_jWh bW _d# "#ĹŠ#,/+#.ĹŠ(-,#"( 3.ĹŠ!.-ĹŠ3.".2ĹŠ+.2ĹŠ \ehcWY_ÂŒd o f[Z_h W bW 9ec_i_ÂŒd "(3 ,#-3.2ĹŠĹŠ3#!-.+¢%(!.2ĹŠ8ĹŠ!.-ĹŠ#+ĹŠ Z[ <_iYWb_pWY_ÂŒd gk[ i[Wd bb[lW# 1, ,#-3.ĔŊ! 2.ĹŠ!.-31 1(.ĔŊ-.ĹŠ#23;-ĹŠ Zei Wb fb[de$$$ i_ ^Wo kd j[cW [d #-ĹŠ!.-"(!(.-#2ĹŠ"#ĹŠ2#1ĹŠ#,/+# ".2Ä“ [b gk[ kdW Wkjeh_ZWZ WYjkÂŒ _dZ[# X_ZWc[dj[ dei jeYW Ă’iYWb_pWh [ kdW _dl[ij_]WY_ÂŒd [d bW 9ehj[ _h ^WijW bWi ‘bj_cWi Yedi[Yk[d# 9edij_jkY_edWb 99 gk[ Æi[ ^W Y_WiÇ" i[‹WbÂŒ$ ;d jeZe YWie" 9W# jhWdi\ehcWZe [d kd [dj[ Y[hl[# i_d[bb_ ikXhWoÂŒ gk[ bW _dj[dY_ÂŒd Y[heÇ" e [d bW <_iYWb‡W" ZedZ[ Æi[ Z[ h[fej[dY_Wh bei [gk_fei Z[ [l_Z[dY_ÂŒ gk[ bW Z[i_]dWY_ÂŒd Z[ bW <k[hpW 7ƒh[W ;YkWje# =Wbe 9^_h_Xe]W \k[ [d XWi[ W kd YedYkhie WcW# h_WdW <7; de Z[X[ i[h ĹŠ l_ijWi Yece kdW fƒhZ_ZW hhWZeÇ$ Z[ j_[cfe o h[Ykhiei" i_ I[]‘d [ij[ WiWcXb[‡i# i[ be ^WY[ Z[ cWd[hW WZ[# +ĹŠ .-2#).ĹŠ"#ĹŠ jW" be ‘d_Ye gk[ b[i gk[# ",(-(231 !(¢-ĹŠ "#ĹŠ+ ĹŠ #%(2+ 341 ĹŠ YkWZW$ ZW Æ[i ^WY[h Z[dkdY_Wi ¢Ŋ ;ije" bk[]e Z[ gk[ [d ĸ ĚŊ /1. f‘Xb_YWi Wdj[ bW fh[diW 8#1ĹŠ#+ĹŠ(-(!(.ĹŠ"#+ĹŠ [b ‘bj_ce [dbWY[ iWXWj_de" 1#!#2.ĹŠ+#%(2+ 3(Äą $$$ Ç$ ÆDe i[ fk[Z[ ^W# 5.ĹŠ"#2"#ĹŠ#+ĹŠÄŠĹŠ"#ĹŠ [b fh[i_Z[dj[ 9ehh[W _d# $# 1#1.ĹŠ' 23 ĹŠ#+ĹŠ Y[h dWZW c|i fehgk[ [ijWcei [d Z_YjWZkhWÇ" i_ij_ÂŒ [d gk[ bW <7; i[h| Ä‰ÄˆĹŠ"#ĹŠ$# 1#1.Ä“ h[fej[dY_WZW Yed Wl_ed[i [nfh[iÂŒ$ ;d eYjkXh[ Z[b W‹e 9^[[jW$ fWiWZe" 9eXe Z[dkdY_ÂŒ gk[ bei '. Wl_ed[i XhWi_b[‹ei I‘f[h Jk# #2/4#23 F[he" Wkdgk[ 9eXe hWj_Ă’YÂŒ gk[ YWdei IJ " o bWi '( W[hedWl[i Æbei Wl_ed[i ikZW\h_YWdei de 9^[[jW^ Z[ \WXh_YWY_ÂŒd ikZW# Yk[djWd Yed [b WhcWc[dje d[# \h_YWdW gk[ WZgk_h_ÂŒ bW <7; [d Y[iWh_eÇ" Z[iYWhjÂŒ fbWdj[Wh kd (&&/ o [d `kd_e Z[ (&''" h[if[Y# fheY[ie Z[ \_iYWb_pWY_ÂŒd" fk[i j_lWc[dj[" de [ijWXWd [gk_fW# Ă„i[]‘d Z_`e# bW 7iWcXb[W i[ ^W Zei Yed [b WhcWc[dje o bei WY# Yedl[hj_Ze [d kd eh]Wd_ice Z[ Y[ieh_ei d[Y[iWh_ei fWhW Ykcfb_h _cfkd_ZWZ" o f[eh W‘d ieb_Y_jWh Yed ik c_i_ÂŒd$
(2(¢-Ŋ"#Ŋ .-! 8. ŗŊŊ
ēŊ -Ŋ+.2Ŋ5("#.2ĔŊ#+Ŋ% 2Ŋ#2Ŋ#+Ŋ/1(-!(/ +Ŋ,_3.".Ŋ42 ".Ŋ/ 1 Ŋ#23 2Ŋ/1;!3(! 2ē
(/( # (ŋ*,6 .# -ŋ Ē#( *. & -ēŋ (ŋ& ),' #š(ŋ ŋ*)&# v -ŋ -Ŋ#7/#13.Ŋ#-Ŋ2#%41(" "Ŋ#-31#%¢Ŋ 31#2Ŋ5("#.2Ŋ Ŋ+ Ŋ 1#2("#-!( ēŊ .2Ŋ 2/(Ĺ 1 -3#2Ŋ1#!( #-Ŋ% 2Ŋ8Ŋ2.-Ŋ%.+/# ".2ēŊŊŊ
dWc_[dje \eh`W [b YWh|Yj[h Z[ kd \kjkhe kd_\ehcWZe [i Æ[hhÂŒd[eÇ$ ÆI_ Yh[[d gk[ [ij|d \ehcWdZe feb_Y‡Wi Zkhei" \_hc[i" [ij|d [gk_leYWZei" Z[X[h‡Wd _hi[ W kd ^eif_jWb i_gk_|jh_Ye W ^WY[hi[ ;b [nf[hje [d i[]kh_ZWZ H_YWh# feh WY| fk[dj[ Z[ ]WhhejWpei kd jhWjWc_[djeÇ" Yk[ij_edÂŒ$ ;b [if[Y_Wb_ijW W]h[]ÂŒ gk[ Ze 9WcWY^e fh[i[djÂŒ Wo[h Wdj[ be h[]h[ie Wbb| h‡e $ ;djedY[i" bW Fh[i_Z[dY_W Z[ bW H[f‘Xb_YW" Âľgkƒ fh[Ă’[h[d0 ]Whhej[ e ]Wi5Ç" [ij[ j_fe Z[ fh|Yj_YWi fheZkY_# kdW Z[dkdY_W ieXh[ kdei l_# fh[]kdjW gk_[d Z_h_][ [ijW h‡W [\[Yjei YedjhWh_ei W bei [if[# Z[ei gk[ ck[ijhWd bWi fh|Yj_# fh|Yj_YW$ Ɯ=Wi c_ YecWdZe Ç" hWZei$ Æ7b ^kc_bbWh W bei `ÂŒl[d[i YWi W bWi gk[ \k[hed iec[j_Zei h[ifedZ[d o" jhWi h[Y_X_h Y_[hjWi i[ \ehcW h[i[dj_Zei ieY_Wb[i" o bei Wif_hWdj[i W feb_Y‡Wi Ye# _dZ_YWY_ed[i" ejhWi f[hiedWi he# ik h[i[dj_c_[dje feZh‡W h[f[h# ckd_jWh_ei" [d bW ;iYk[bW Z[ Y‡Wd ]Wi W bei `ÂŒl[d[i fWhW gk[ Ykj_h [d bW Yeckd_ZWZ e Yed <ehcWY_ÂŒd =kijWle DeXeW 8[# [ijei WjhWl_[i[d [b j‘d[b" Wkd# dk[lei Wif_hWdj[iÇ Feh [bbe" 9WcWY^e WYkZ_ÂŒ `WhWde" [d CWdWX‡$ ;d [ijei i[ gk[ de jeZei be ^WY[d" Z[X_Ze eXi[hlW W Z[Y[dWi Z[ `ÂŒl[d[i W gk[ [ij[ gk‡c_Ye b[i ][d[hW Wo[h W bW Fh[i_Z[dY_W Z[ bW H[# [d hefW _dj[h_eh" WcWhhWZei o cWb[ijWh jei \k[hj[ $ f‘Xb_YW fWhW [nfed[hb[ [b fhe# WhheZ_bbWZei" W gk_[d[i Xb[cW Wb cWdZWjWh_e" HW\W[b kd _dijhkYjeh heY‡W ]Wi ĹŠ 9ehh[W$ ÆI[ Z[X[d WXe# ÄĽ #$.1, !(¢-ÄŚ bWYh_cÂŒ][de$ FWhW 9WcWY^e" b_h [ijWi fh|Yj_YWi" i_ i[ ĹŠ I_d [cXWh]e" [ijW de gk_[h[ Yedi[]k_h kd_\eh# bWi _c|][d[i i[# i[h‡W bW ‘d_YW fh|Yj_YW +ĹŠ#7!#2.ĹŠ"#ĹŠ% 2ĹŠ ‹WbWZWi ck[i# cWZei Z[ YWb_ZWZÇ" Ye# "#ĹŠ$.1, !(¢-ĹŠ"#ĹŠ + !1(,¢%#-.ĹŠ [cfb[WZW feh gk_[d[i /."1~ ĹŠ%#-#1 1ĹŠ jhWd Æfh|Yj_YWi /.+(!~ 2ĹŠ#7(23#-ĹŠ c[djÂŒ 9WcWY^e$ #-ĹŠ !4 ".1Ä“ \ehcWd W bei feb_Y‡Wi 2$(7( ĹŠ#ĹŠ(-!+42.ĹŠ _dWY[fjWXb[iÇ ;b c_d_ijhe Z[b ?dj[# + ĹŠ,4#13#Ä“ Yeckd_jWh_ei" oW gk[ [d kj_b_pWZWi feh h_eh" @eiƒ I[hhWde" Wdkd# ejhe l_Z[e i[ c_hW W bei Y_[hjei _dijhkYjeh[i Z[ Y_ÂŒ gk[" Z[iZ[ cWhpe" i[_i _di# Wif_hWdj[i" [ijW l[p i[c_Z[idk# Wif_hWdj[i W feb_Y‡Wi Yeckd_jW# jhkYjeh[i Z[ bei 9WhWX_d[hei o Zei" i_d YWc_i[jW" [d YkYb_bbWi h_ei$ ÆL[h W `ÂŒl[d[i WcWhhWZei" Z[ bW Feb_Y‡W Z[ ?dl[ij_]WY_ed[i ieXh[ kd h_WY^k[be" kX_YWZe i[c_Z[idkZei" W gk_[d[i ]W# Z[ 9^_b[ i[ _dj[]hWh|d W bW \eh# Y[hYW Z[ kd j‘d[b$ i[Wd" c[ h[Yk[hZW W bW ƒfeYW Z[ cWY_ÂŒd Z[ bei Wif_hWdj[i W eĂ’# 7bb‡" [b _dijhkYjeh ]ebf[W W bei dWp_i o bei `kZ‡eiÇ" Yec[djÂŒ Y_Wb[i o kd_\ehcWZei Z[ YbWi[$ iki [ijkZ_Wdj[i [d bW YWX[pW Yed o Z_`e gk[ Æ[ie c|i gk[ \ehcW# kd eX`[je gk[ Yedj_[d[ [b ]Wi" Y_ÂŒd [i Z[\ehcWY_ÂŒdÇ$ # ĹŠ4-.ĹŠ"#ĹŠ+.2ĹŠ5("#.2ĹŠ04#ĹŠ2#ĹŠ -., 1 -ĹŠ#-ĹŠ#23 ĹŠ-.3 ĹŠ#-Ä– fWhW gk[ i[ kX_gk[d [d bW fei_# 9WcWY^e fh[Y_iÂŒ gk[ Yed# 666Ä“+ '.1 Ä“!.,Ä“#! Y_ÂŒd i[‹WbWZW$ Æ;b gk[ i[ l_[d[ i_Z[hWh gk[ [ij[ j_fe Z[ [djh[#
ÄˆÄŒĹŠ
(ŋ, )ŋ -ŋ - -#( )ŋ (ŋ 6, &ŋ ŋ / 3 +/#& Ŋ ěŊ @eh][ Bk_i 7hheoe
ēŊ 5(.-#2Ŋ!.,.Ŋ#23#Ŋĸ '##3 ĚŊ2.-Ŋ+.2Ŋ04#Ŋ "04(1(¢Ŋ#+Ŋ . (#1-.ē
CedjW‹e" gk_[d \ehcÂŒ fWhj[ Z[ bW b_ijW Z[ Z[b_dYk[dj[i ĂˆC|i 8kiYWZeiÉ" ckh_ÂŒ Wo[h [d [b _d# j[h_eh Z[ bW Y|hY[b Z[ c|n_cW i[# ]kh_ZWZ Z[ =kWoWgk_b" YedeY_ZW Yece ĂˆBW HeYWÉ" Yed '' Z_ifWhei Z[ WhcW Z[ \k[]e$ ;b \Wbb[Y_Ze" gk_[d \k[ fh[# i[djWZe feh bW Feb_Y‡W o [b c_# d_ijhe Z[b ?dj[h_eh" @eiƒ I[hhW# de" [b fWiWZe (/ Z[ i[fj_[cXh["
Z[X‡W h[ifedZ[h feh bW feh Wi[i_dWje$ ;ije" c_[djhWi i[ _Z[d# ck[hj[ Z[ kd [\[Yj_le ĹŠ feb_Y_Wb" WiWbjei W XWd# j_Ă’YÂŒ W @eh][ 7b[`WdZhe IWdjWcWh‡W CWh‡d Yece Yei o l[^‡Ykbei Xb_dZW# "(#ĹŠ/4".ĹŠ [b Wkjeh Z[ bei Z_ifWhei Zei$ #7/+(! 1ĹŠ!¢,.ĹŠ ;njhWeĂ’Y_Wbc[dj[" /4".ĹŠ(-%1#2 1ĹŠ#+ĹŠ gk[ Y[]Whed bW l_ZW Z[ 7hheoe$ D_ bW Feb_Y‡W d_ i[ YedeY_ÂŒ gk[ ZkhWd# 1, ĹŠ +ĹŠ/#- +ĹŠ"#ĹŠ ,;7(, ĹŠ2#%41(Äą bWi Wkjeh_ZWZ[i Z[b Y[djhe j[ bW h_‹W gk[ YWkiÂŒ " "Ä“ Z_[hed Z[jWbb[i$ [ij[ Z[Y[ie" h[ikbjÂŒ ;b YWZ|l[h \k[ bb[lWZe jWcX_ƒd ^[h_Ze [b _d# j[hde @eh][ 7bX[hje CedjW‹e ^WijW bW Ceh]k[ o [b ^[h_Ze W Ceh|d" gk_[d ]kWhZW fh_i_ÂŒd kdW YWiW Z[ iWbkZ Z[ bW Y_kZWZ$
ƒ Ă
g ĂĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
/# #)Ĺ‹ Ĺ‹ &Ĺ‹ (#0 ,-)Ĺ‹ +/ Ĺ‹* , Ĺ‹(/ 0 Ĺ‹ ),.
ēŊ Ŋ!.-$.1, !(¢-Ŋ"#Ŋ+ Ŋ2 + Ŋ-.Ŋ2#Ŋ/4".Ŋ" 1ĔŊ+.2Ŋ)4#!#2Ŋ/1#2#-3#2Ŋ -4-!( 1.-Ŋ+ Ŋ242/#-2(¢-Ŋ"#Ŋ+ Ŋ 4"(#-!( ēŊ
Ŋ#-$#1,#" "Ŋ"#Ŋ 4-Ŋ)4#9Ŋ(,/("(¢Ŋ+ Ŋ 4"(#-!( Ŋ"#Ŋ! 2 Ĺ !(¢-Ŋ/ 1 Ŋ1#5(2 1Ŋ + Ŋ2#-3#-!( ē
1#2(¢-ĹŠ +3 ÄŚĹŠ"#+ĹŠ 1Ä“ĹŠ Äą !'#!.ĹŠ.ĹŠÄĽ +3 ĹŠ/1#2(¢-ÄŚĹŠ ĹŠ 1Ä“ĹŠ !'#!.Ä&#x;Ģ ĹŠ ĔŊ ĹŠ ĹŠ ĹŠ ĹŠ
gk[ZÂŒ [ijWXb[Y_Ze gk[ bW dk[lW 9D@" gk[ i[ fei[i_edWh| cW‹WdW" jhWjWh| [b YWie" Wb]e gk[ bW Z[\[diW 9ed kdW iedh_iW" [b fh[i_Z[dj[" Z[b hejWj_le l[d‡W XkiYWdZe Z[iZ[ HW\W[b 9ehh[W" [iYkY^ÂŒ Wo[h Z[b ^WY[ i[cWdWi$ Gk_hep" fh[i_Z[dj[ Z[ bW IWbW" `k[p Bk_i Gk_hep bWi hWped[i feh bWi gk[ de feZ‡W bb[lWhi[ W YWXe bW bWc[djÂŒ bW ikif[di_ÂŒd" fk[i" i[# WkZ_[dY_W Z[ YWiWY_ÂŒd Z[djhe Z[b ]‘d Z_`e" i_[cfh[ \k[ ik Æ_dj[d# `k_Y_e gk[ feh ikfk[ijWi Y_ÂŒd h[iebl[h [ij[ fheY[ie fWhW gk[ de i[ WYki[ W [ijW _d`kh_Wi YWbkcd_eiWi b[ i_]k[ W Z_Wh_e ;b Kd_l[hie" ĹŠ 9ehj[ Z[ Z[`Wh [d bW _dZ[# gk[h[bbW f[dWb [d bW gk[ \[di_ÂŒd W bWi fWhj[i$ BW# [n_ij[ i[dj[dY_W YedZ[dW# +ĹŠ,_"(!.ĹŠ c[djWXb[c[dj[" bei `k[Y[i "4 1".ĹŠ + 9 1ĹŠ jWcX_ƒd iecei i[h[i ^k# jeh_W [d Zei _dijWdY_Wi$ !#13($(!¢Ŋ+ ĹŠ#-$#1Äą :[iZ[ bW l‡if[hW bkd[i , "ĹŠ"#+ĹŠ)4#9ĹŠ cWdei$$$Ç$ [d bW jWhZ[ " Y_hYkbWhed bei -1(04#ĹŠ !'#!.Ä“ĹŠ hkceh[i Z[ gk[ bW WkZ_[d# 9.-#2 7 Z[Y_h Z[ [ij[ `k[p" ik Y_W i[h‡W \Wbb_ZW fehgk[ [b `k[p ;dh_gk[ FWY^[Ye" _dj[]hWd# YecfW‹[he l[d‡W fh[i[djWdZe" j[ Z[ bW I[]kdZW IWbW F[dWb Z[ bW Z[iZ[ ^WY[ Wb]kdei Z‡Wi" fheXb[# 9ehj[ DWY_edWb Z[ @kij_Y_W 9D@ " cWi Z[ fh[i_ÂŒd WbjW o" fei_Xb[c[d# de Wi_ij_h‡W feh fheXb[cWi cƒ# j[" j_[d[ ^[hf[i" Zeb[dY_W gk[ \k[ Z_Yei$ I_d [cXWh]e" jWdje 9ehh[W Y[hj_Ă’YWZW feh [b cƒZ_Ye ;ZkWhZe Yed iki WXe]WZei Yece bei Z[\[d# IWbWpWh$ ;b WdkdY_e cej_lÂŒ bW _dc[Z_WjW ieh[i Z[ ;b Kd_l[hie Wi_ij_[hed fkdjkWb[i W bWi &/0&&$ 9ed [ije" h[WYY_ÂŒd Z[b =kj[cX[h L[hW" kde Z[
-$#1,#" "ÄŚĹŠ"#+ĹŠ 1Ä“ĹŠ !'#!.ĔŊ.31 ĹŠ. 1 ĹŠ "#Ä“Ä“Ä“ĹŠ '4!*8ĹŠÄ?Ä?ĹŠ 1.Äą '( (".ĹŠ.+5(" 1Ä?Ģ ĹŠ ĔŊ ĹŠ ĹŠ ĹŠ ĹŠ
bei WXe]WZei Z[b fh[i_Z[dj[ 9ehh[W" gk_[d ieb_Y_jÂŒ gk[ i[ Z[i_]d[ W kd Yed`k[p eYWi_edWb fWhW Yedj_dkWh Yed bW WkZ_[dY_W" be gk[ \k[ d[]W# Ze feh Gk_hep" WZkY_[dZe gk[ kdW dk[lW f[hiedW de j[dZh‡W j_[cfe fWhW YedeY[h jeZe$ 7i[]khÂŒ gk[ de gk_[h[ gk[ Æd_d]kdW Z[ bWi fWhj[i i[ i_[djW b[i_edWZW [d iki Z[h[Y^eiÇ$
-3#1! , (.ĹŠ
C_dkjei Wdj[i Z[ bW bb[]WZW Z[b Fh_c[h CWdZWjWh_e" kd ]hkfe Z[ i_cfWj_pWdj[i Z[ F7?I" [dYW# X[pWZei feh =Wbe CehW" i[Yh[#
Ĺ—ĹŠ
+ĹŠ/1#2("#-3#ĔŊ $ #+ĹŠ .11# ĔŊ "#+ -3¢Ŋ 8#1ĹŠ04#ĹŠ-.ĹŠ !#/3 1;ĹŠ+ 2ĹŠ"(2!4+/ 2ĹŠ !.-"(!(.- " 2ĹŠ04#ĹŠ/("(¢Ŋ +ĹŠ -(5#12.ĔŊ ĹŠ31 5_2ĹŠ"#ĹŠ4-.ĹŠ"#ĹŠ242ĹŠ"(1#!3(5.2ĹŠ8ĹŠ./(-¢Ŋ 04#ĹŠ#2 ĹŠ/.2(!(¢-ĹŠ"#,4#231 ĹŠ+ ĹŠÄĄ(-!.-2(23#-!( ĔŊ3.1/#9 ĹŠ8ĹŠ+ ĹŠ2. #1 ( ĹŠ!.-ĹŠ+ ĹŠ04#ĹŠ2#ĹŠ !.-"4!#-ĹŠ+.2ĹŠ !42 ".2Ģē ().ĔŊ "#,;2ĔŊ04#ĹŠ2(#,/1#ĹŠ' ĹŠ2.23#-(".ĹŠ04#ĹŠ2(ĹŠ +ĹŠ -(5#12.ĹŠ/("#ĹŠ"(2!4+/ 2ĔŊ-.ĹŠ +ĹŠ 1#2("#-3#ĔŊ2(-.ĹŠ +ĹŠ/4# +.ĹŠ#!4 3.1( -.ĔŊ2#ĹŠ ! ĹŠ3.".ĔŊ/#1.ĹŠ!.-ĹŠ+ 2ĹŠ!.-"(!(.-#2ĹŠ 04#ĹŠ/.-#-ĔŊ#2ĹŠ(- !#/3 +#Ä“ĹŠÄĄ .ĹŠ-.ĹŠ#23.8ĹŠ#-)4(!( -".ĹŠ ĹŠ/#1(."(23 2ĔŊ2(-.ĹŠ ĹŠ! +4,Äą -( ".1#2ĹŠ8ĹŠ,#-3(1.2.2Ģē +ĹŠ1.3 3(5.ĹŠ.$1#!(Â˘ĹŠÄƒ1, 1ĹŠ4- ĹŠ"(2!4+/ ĹŠ/ĂŒ +(! ĹŠ +ĹŠ 1#2("#-3#ĔŊ2¢+.ĹŠ2(ĹŠ_+ĹŠ1#3(1 ĹŠ3.".2ĹŠ +.2ĹŠ/1.!#2.2ĹŠ(-(!( ".2ĹŠ!.-31 ĹŠ/#1(."(23 2ĔŊ% 1 -3(9 ĹŠ#+ĹŠ !!#2.ĹŠ ĹŠ+ ĹŠ(-$.1, !(¢-ĹŠ /ĂŒ +(! ĹŠ8ĹŠ2.+(!(3 ĹŠ 2#2.1~ ĹŠ"#ĹŠ+ ĹŠ ĹŠ/ 1 ĹŠ+ ĹŠ+#8ĹŠ"#ĹŠ!.,4-(! !(¢-Ä“ĹŠ
4%(#1#-Ŋ!.-!(+( !(¢-
Gk_hep [n^ehjÂŒ W bWi fWhj[i W ^WY[h kie Z[b Whj‡Ykbe '/& Z[ bW 9edij_# jkY_ÂŒd" fWhW ÆiebkY_edWh [ij[ Yed# Ă“_Yje W jhWlƒi Z[ bW c[Z_WY_ÂŒdÇ$ BW h[WYY_ÂŒd Z[ bei i_cfWj_pWd# j[i Z[ 9ehh[W" gk[ ^WX‡Wd YWi_ Ye# fWZe [b iWbÂŒd" de i[ ^_pe [if[hWh o l_d_[hed [f‡j[jei Z[ jeZW YbWi[ YedjhW bei `k[Y[i" jWb[i Yece0 Æ`k[Y[i Yehhkfjei" cWcWhhWY^ei" Yk|dje YeXhWhed$$$Ç$ Bei WXe]WZei Z[ Z_Wh_e ;b Kd_l[hie jWcfeYe [i# jkl_[hed [n[djei Z[ bW W]h[i_ÂŒd l[hXWb Z[ bei fh[i[dj[i$
(-/&.)-Ĺ‹3Ĺ‹ ' (# -. #)( -Ĺ‹ (Ĺ‹ 2. ,#), -C|i Z[ (+& kd_\ehcWZei" [djh[ c_b_jWh[i o feb_Y‡Wi" h[i]kWhZWhed bei [nj[h_eh[i Z[ bW 9ehj[ DWY_edWb Z[ @kij_Y_W 9D@ $ ;b fh_c[he [d bb[]Wh fWhW WfeoWh Wb fh[i_Z[dj[" HW\W[b 9ehh[W" \k[ ik Wi[ieh" <hWd# Y_iYe BW Jehh[" gk_[d i[‹WbÂŒ gk[ bW fh[i[dY_W feb_Y_Wb o c_b_jWh [hW fWhW [l_jWh WYjei YedjhW bW fWp$ 7 feYei c_dkjei Z[ bWi &/0&&" bb[]Whed" Wfh[ikhWZei" bW c_d_ijhW Z[ FWjh_ced_e" CWh‡W <[hdWdZW ;if_depW1 bW c_d_ijhW Z[ YeehZ_# dWY_ÂŒd Z[ bW Feb‡j_YW" 8[jjo JebW1 [b YWdY_bb[h" H_YWhZe FWj_‹e1 o ', c_dkjei jWhZ[" L_d_Y_e 7blWhWZe" I[Yh[jWh_e Z[ bW 7Zc_d_ijhWY_ÂŒd$
.11# ĹŠ-.ĹŠ !#/3 ĹŠ .$1#!(,(#-3.ĹŠ"#ĹŠ"(2!4+/
/(-(.-#2Ŋ"(5("(" 2Ŋ#-Ŋ+ Ŋ 2 , +# ŗŊŊ +ŊŊ/1#2("#-3#Ŋ"#Ŋ+ Ŋ 2 , +# ĔŊ #1- -".Ŋ .1"#1.ĔŊŊ8Ŋ#+Ŋ5(!#/1#2("#-3#ĔŊ 4 -Ŋ 1+.2Ŋ 2(-#++(ĔŊ1#!' 9 1.-ŊŊ#+Ŋ/#"(".Ŋ"#ŊŊ"(2!4+/ 2Ŋ"#Ŋ +Ŋ -(5#12.ēŊŊĥ .Ŋ#-3(#-Ĺ
ēŊ (,/ 3(9 -3#2Ŋ"#Ŋ ĔŊ-.Ŋ2#Ŋ+(,(3 1.-Ŋ#-Ŋ+.2Ŋ(-24+3.2ēŊ .2Ŋ./.2(Ĺ 3.1#2Ŋ++#5 1.-Ŋ! 13#+#2Ŋ#Ŋ'(!(#1.-Ŋ!;-3(!.2ēŊŊ
jWh_e Z[b Cel_c_[dje eĂ’Y_Wb_ijW" [c_j‡W Yedi_]dWi W \Wleh Z[b =e# X_[hde o [d YedjhW Z[b hejWj_le$ Bei i_cfWj_pWdj[i [cf[pWhed W [c_j_h \k[hj[i [f‡j[jei YkWd# Ze WfWh[Y_ÂŒ [b fh[i_Z[dj[ Z[ bW 9|cWhW Z[ 9ec[hY_e Z[ Gk_je" 8bWiYe F[‹W^[hh[hW IebW^" W gk_[d _dikbjWhed$ LWh_Wi Z[ bWi f[hiedWi _Z[dj_Ă’YWZWi Yed F7?I de ikf_[hed h[ifedZ[h feh gkƒ [ijWXWd W^‡" d_ i_gk_[hW W bei c[# Z_ei [ijWjWb[i$ Bei efei_jeh[i" c_[djhWi jWd# je" bb[lWhed YWhj[b[i Yed \hWi[i YedjhW [b hƒ]_c[d o f[Z‡Wd W bei YedZkYjeh[i gk[ f_j[d [d Wfeoe
Wb Z_Wh_e ]kWoWgk_b[‹e$ # !!(¢-
JhWi YedeY[h gk[ bW Z_b_][dY_W \k[ \Wbb_ZW" FWj_‹e Wi[]khÂŒ gk[ bW Z[\[diW Z[b hejWj_le oW YedeY‡W [b h[ikbjWZe$ ÆI[]khWc[dj[ ^kXe ]hWdZ[i fh[i_ed[i fWhW gk[ i[ [d\[hc[ [b `k[p " fh[i_ed[i Z[ bei i[‹eh[i Z[ ;b Kd_l[hieÇ" [n# fh[iÂŒ$ Æ7 be c[`eh [ij|d [if[hWd# Ze ejhe ]ebf[ Z[ [ijWZe" de i[h‡W hWheÇ" fkdjkWb_pÂŒ$ ;d ik Yk[djW Z[ jm_jj[h" [b WXe]WZe Z[b Z_Wh_e" @e# Ăľh[ 9WcfW‹W Yk[ij_edÂŒ0 ƾ9ÂŒce fk[Z[ i[h kd 9WdY_bb[h jWd _hh[i# fediWXb[5Ç$
"#-Ŋ- " ĔŊŊ!1#.Ŋ04#ŊŊ#23;-Ŋ!.-$4-"(".2Ŋ8Ŋ#2Ŋ,#).1Ŋ04#ŊŊ+ Ŋ)423(!( ŊŊ1#24#+5 Ŋ+.Ŋ04#Ŋ -.Ŋ04(#1#Ŋ+ Ŋ5.+4-3 "ĔŊŊ2(Ŋ#2Ŋ04#Ŋ2#Ŋ#04(5.! 1.-Ŋ/(" -Ŋ"(2!4+/ -Ŋ2(-Ŋ!.-"(!(.- Ĺ ,(#-3.2ĢĔŊ"().Ŋ .1"#1.ē 4-04#Ŋ3 , (_-ŊŊ2# +¢Ŋ04#Ŋ+.ŊŊ"#2# +#Ŋ'4 (#2#Ŋ2(".Ŋ04#Ŋ2# Ŋ+ Ŋ !34 +Ŋ .13#Ŋ 04(#-Ŋ1#24#+5 Ŋ#+Ŋ! 2.ĔŊ"().Ŋ04#Ŋĥ!.-31 Ŋ+ Ŋ#-$#1,#" "ĔŊ2(Ŋ#2ŊŊ!(#13 Ŋ+ Ŋ#-$#1,#" "ĔŊŊŊ -.ŊŊ' 8Ŋ,;2Ŋ04#Ŋ#2/#1 1Ŋ04#ŊŊ2#Ŋ!41#Ŋ#+Ŋ)4#9Ŋ.Ŋ04#Ŋ2# -Ŋ+.2Ŋ-4#5.2Ŋ)4#!#2ēēēĢēŊŊ -Ŋ3 -3.ĔŊŊ./.2(3.1#2ŊŊ!.,.Ŋ -1(04#Ŋ #11#1~ Ŋĸ#7Ŋ ĚŊ8Ŋ .41"#2Ŋ ( ;-Ŋĸ ĚĔŊŊ 1#2/ +" 1.-ŊŊ Ŋ+.2Ŋ"(1#!3(5.2Ŋ"#+Ŋ1.3 3(5.Ŋ8ĔŊ,(#-31 2Ŋ2# + 1.-Ŋ04#Ŋĥ-4-! Ŋ#2Ŋ 3 1"#Ŋ/ 1 Ŋ/#"(1Ŋ"(2!4+/ 2ĢĔŊŊŊ -4-!( 1.-Ŋ#+Ŋ(-(!(.Ŋ"#Ŋ4-Ŋ/1.!#2.Ŋ"#Ŋĥ1#2(23#-Ĺ !( ĢŊ$4#1 Ŋ"#Ŋ+ Ŋ 2 , +# Ŋ/ 1 Ŋĥ1#!' 9 1Ŋ+ Ŋ !3(34"Ŋ,.-;104(! Ŋ"#+Ŋ/1#2("#-3#Ŋ ĸ $ #+ĚŊ .11# Ŋ04#Ŋ(-2(23#Ŋ!.-Ŋ. 23 !4+(9 1Ŋ#+Ŋ2(23#, Ŋ"#,.!1;3(!.ĢĔŊ %1#%¢Ŋ
#.- 1".ĹŠ (3#1(Ŋĸ ĚĔŊ 4-04#ĹŠĹŠ-.ĹŠ#2/#!(ă!¢Ŋ+.2ĹŠ,#! -(2,.2Ä“
,/1#2.1 Ŋ"#Ŋ)4#9Ŋ 1#"#2Ŋ Ŋ/#1(3 )# ŊěŊ Ŋ(,/1#2.1 Ŋ43(+(9 " Ŋ/.1Ŋ#+Ŋ)4#9Ŋ3#,/.1 +Ŋ 4 -Ŋ 1#"#2ĔŊ04(#-Ŋ
2#-3#-!(¢Ŋ ĹŠ"( 1(.ĹŠ +ĹŠ -(5#12.ĔŊ2#1;ĹŠ. )#3.ĹŠ"#ĹŠ4-ĹŠ-4#5.ĹŠ/#1(3 )#Ä“ 2~ĹŠ+.ĹŠ"(2/42.ĹŠ#+ĹŠÄƒ2! +ĹŠ"(231(3 +ĹŠ"#ĹŠ 4 8 2ĔŊ -3.-(.ĹŠ %+( 1".ĔŊ!.,.ĹŠ/ 13#ĹŠ"#+ĹŠ/1.Äą !#2.ĹŠ04#ĹŠ2#ĹŠ2(%4#ĹŠ!.-31 ĹŠ 1#"#2ĔŊ/.1ĹŠ/1#5 1(! 3.ĹŠ8ĹŠ$ +2#" "ĹŠ("#.+¢%(! ĹŠ(-(!( ".ĹŠ /.1ĹŠ#+ĹŠ/1.!41 ".1ĹŠ)4"(!( +ĹŠ"#+ĹŠ"( 1(.ĔŊ .Ä‚1#ĹŠ ,/  ē %+( 1".ĹŠ2# +¢Ŋ04#ĹŠ2#ĹŠ' ĹŠ(-(!( ".ĹŠ#+ĹŠ/#1(3 )#ĹŠ"#+ĹŠ"(2/.2(3(5.ĹŠ#-ĹŠ#+ĹŠ04#ĹŠ2#ĹŠ(,/1(Äą ,(#1.-ĹŠ+ 2ĹŠ'.) 2ĹŠ"#ĹŠ+ ĹŠ2#-3#-!( Ä“ĹŠ 23.ĔŊ"#2/4_2ĹŠ"#ĹŠ04#ĹŠ#+ĹŠ-.3 1(.ĹŠ24/+#-3#ŊĉĎŊ"#ĹŠ 4 8 04(+ĔŊ #+2.-ĹŠ ¢,#9ĔŊ04(#-ĹŠ/ 13(!(/¢Ŋ"#ĹŠ+ ĹŠ#731 !!(¢-ĹŠ"#ĹŠ4- ĹŠ!./( ĹŠ"#+ĹŠ"(2!.ĹŠ "41.ĹŠ"#+ĹŠ)49% ".ĹŠ#-ĹŠ#+ĹŠ04#ĹŠ2#ĹŠ#,(3(¢Ŋ+ ĹŠ2#-3#-!( ĔŊ.$1#!(#1 ĹŠ24ĹŠ5#12(¢-Ä“
,v.# -ŋ ŋ' #)-ŋ(),. ' ,# ()-ŋ ;djh[ [b bkd[i o Wo[h" YkWjhe Z_Wh_ei [ijWZekd_Z[di[i fk# Xb_YWhed [Z_jeh_Wb[i ieXh[ [b YWie Z[ ;b Kd_l[hie o Yh_j_YW# hed bW fei_Y_ d Z[b =eX_[hde
h[if[Yje W bW b_X[hjWZ Z[ [n# fh[i_ d$ C_Wc_ >[hWbZ" Bei 7d][b[i J_c[i" D[m Oeha J_c[i o MWi^_d]jed Feij i[ ikcWhed W bWi leY[i Z[ fhe#
j[ijW feh [ij[ j[cW$ 7Z[c|i" Yh_j_YWhed bW fhefk[ijW Z[b =eX_[hde Z[ b_c_jWh bW h[bWje# h W Z[ bW E;7 fWhW bW B_X[hjWZ Z[ ;nfh[i_ d$
g ĂĆŏ ŏ ŏ ŏĂĀāĂŏ
ŏ +. Čŏ
ă
"(3.1( +ũ(-23(34!(.- +
ĥ -ũ 2 +3.ũ ũ+ ũ"#,.!1 !( Ħ +ũ/1#2("#-3#ũ $ #+ũ .11# ũ+("#1 ũ4- ũ. 23(- " ũ+4!' ũ!.-31 ũ+ ũ+( #13 "ũ"#ũ#7/1#2(¢-Ĕũ/#12(%4(#-".ũ ũ242ũ!1~3(!.2Ĕũ$.19 -ı ".ũ ũ,#"(.2ũ(-"#/#-"(#-3#2ũ ũ2 +(1ũ"#+ũ (1#ũ8ũ2#!4#231 -".ũ+ 2ũ!.13#2ũ"#ũ+ ũ- !(¢-ũ#-ũ24ũ /4#23 ũ/.1ũ04# 1 1ũ +ũ/#1(¢"(!.ũ ,;2ũ%1 -"#ũ"#+ũ/ ~2ũĸēēēĹē ĸēēēĹũ (1 -".ũ' !( ũ+ 2ũ#+#!!(.-#2ũ/1#2("#-!( +#2ũ"#+ũ/1¢7(,.ũ .Ĕũ#-ũ+ 2ũ04#ũ/1. +#,#-3#ũ/ 13(!(/#Ĕũ#+ũ2# .1ũ .11# ũ 3 , (_-ũ' ũ(,/4+2 ".ũ4- ũ+#8ũ04#ũ/1.'( (1~ ũ ũ+.2ũ,#"(.2ũ"#ũ!.,4-(! !(¢-ũġ/1.,.5#1ũ"(1#!3 ũ.ũ(-"(1#!3 ,#-3#ũ ũ!4 +ı 04(#1ũ! -"(" 3.Ĕũ/1./4#23 Ĕũ./!(.-#2Ĕũ/1#$#1#-!( ũ#+#!3.1 +ũ.ũ3#2(2ũ/.+~3(! Ĕũ ũ31 5_2ũ"#ũ1#/.13 )#2Ĕũ#2/#!( +#2ũ.ũ!4 +04(#1ũ .31.ũ3(/.ũ"#ũ,#-2 )#Ģē +ũ 2 +3.ũ"#+ũ2# .1ũ .11# ũ ũ+ ũ+( #13 "ũ"#ũ/1#-2 ũ' ũ"#1(5 ".Ĕũ!.-ũ1 9¢-Ĕũ#-ũ4- ũ!1~3(! ũ"#ũ+ ũ #+ 3.1~ ũ/ 1 ũ+ ũ ( #13 "ũ"#ũ 7/1#2(¢-ũ"#ũ+ ũ 1% -(9 !(¢-ũ"#ũ 23 ".2ũ ,#1(! -.2ēũ '.1 ũ_+ũ(-3#-3 ũ2(+#-!( 1ũ ũ+ ũ #+ 3.1~ ũĸēēēĹēũ ,_1(! ũ 3(- ũ3(#-#ũ4- ũ'(23.1( ũ , 1% ũ"#ũ%. (#1-.2ũ 43.1(3 1(.2ēũ ũ+4!' ".ũ,4!'.ũ/ 1 ũ"#) 1ũ#2.2ũ3(#,/.2ũ 31;2ēũ .".2ũ+.2ũ+~"#1#2ũ"#,.!1;3(!.2ũ"#+ũ'#,(2$#1(.Ĕũ(-!+48#-".ũ +ũ/1#2("#-3#ũ , Ĕũ-#!#2(3 -ũ!.-3#-#1ũ +ũ2# .1ũ .11# ēũũ
.1ũ 4 -ũ .1#1.
ĥ -ũ#+ũ/#04# .ũ !4 ".1Ĕ 4-ũ/1#2("#-3#ũ/./4+(23 ũ1#231(-%#ũ+ ũ/1#-2 Ħ
.2ũ/#1(."(23 2ũ2.-ũ$1#!4#-3#,#-3#ũ 2#2(- ".2ũ#-ũ _7(!.Ĕũ8ũ4-ũ%. (#1-.ũ/./4+(23 ũ#-ũ #-#94#+ ũ' ũ++#5 ".ũ ũ +%4-.2ũ /#1(."(23 2ũ +ũ#7(+(.ēũ #1.ũ+.2ũ"#$#-2.1#2ũ"#ũ+ ũ+( #13 "ũ"#ũ/1#-2 ũ"(!#-ũ04#ũ-(-%Ì-ũ.31.ũ/ ~2ũ#-ũ ,_1(! ũ 3(- ũ2#ũ#23;ũ ,.5(#-".ũ3 -ũ1;/(".ũ8ũ#-ũ3 -3.2ũ$1#-3#2ũ/ 1 ũ1#231(-%(1ũ ũ+.2ũ,#"(.2ũ"#ũ!.,4-(! !(¢-ũ!.,.ũ+.2ũ/#04# .2ũ/1."4!3.1#2ũ "#ũ - -.ũ"#+ũ !4 ".1ē +ũ/1#2("#-3#Ĕũ $ #+ũ .11# Ĕũ04#ũ' ũ$.1) ".ũ#231#!' 2ũ +( -9 2ũ!.-ũ 4 ũ#ũ 1;-Ĕũ' ũ/1#2#-3 ".ũ4- ũ"#, -" ũ/.1ũ"($ , ı !(¢-ũ04#ũ/."1~ ũ/.-#1ũ ũ+.2ũ31#2ũ"(1#!3.1#2ũ"#+ũ/#1(¢"(!.ũ,;2ũ%1 -"#ũ"#+ũ/ ~2ũ#-ũ+ ũ!;1!#+ēũ +ũ%. (#1-.ũ' ũ(,/1.5(2 ".ũ4-ũ, 1!.ũ"#ũ+#8#2ũ8ũ1#$.1, 2ũ!.-23(34!(.- +#2ũ/ 1 ũ+(,(3 1ũ+ ũ(-"#/#-"#-!( ũ"#ũ+ ũ/1#-2 Ĕũ "(!#-ũ%14/.2ũ"#ũ+( 1#ũ#7/1#2(¢-Ĕũ,(#-31 2ũ' ũ!.-2314(".ũ4-ũ!.-%+.,#1 ".ũ"#ũ,#"(.2ũ"#ũ!.,4-(! !(¢-ũ#23 3 +#2ũ/ 1 ũ "#2 !1#"(3 1ũ ũ+.2ũ!1~3(!.2ũ8ũ#-$1#-3 1ũ+.2ũ(-$.1,#2ũ"#ũ+.2ũ,#"(.2ũ"#ũ!.,4-(! !(¢-ũ(-"#/#-"(#-3#2ē
ũ"(2/43 ũ#23;ũ! " ũ5#9ũ,;2ũ#-! 1-(9 " ũ#-31#ũ+.2ũ/#1(."(23 2ũ8ũ .11# ũ' 1~ ũ1#!( (".ũ/.! ũ 3#-!(¢-ũ$4#1 ũ"#+ũ/ ~2ũ"#ũ 2¢+.ũĈČũ,(++.-#2ũ"#ũ/#12.- 2ũ#-ũ#+ũ!.-.ũ-.13#ũ"#ũ ,_1(! ũ"#+ũ 41ēũ (-ũ#, 1%.Ĕũ .11# ũ2#ũ' ũ!.-5#13(".ũ#-ũ4-ũ#-#,(%.ũ ! " ũ5#9ũ,;2ũ (#13.ũ8ũ !3(5.ũ"#ũ+ ũ2#"#ũ"#ũ+ ũ .,(2(¢-ũ -3#1 ,#1(! - ũ"#ũ #1#!'.2ũ 4, -.2ē
"(3.1( +ũ(-23(34!(.- +
ĥ ũ%4#11 ũ,#"(;3(! ũ#-ũ !4 ".1Ħ #2"#ũ04#ũ 24,(¢ũ24ũ! 1%.Ĕũ#+ũ/1#2("#-3#ũ"#ũ !4 ".1Ĕũ $ #+ũ .11# Ĕũ' ũ#23 ".ũ#-ũ4- ũ%4#11 ũ"#ũ/ + 1 2ũ!.-ũ+.2ũ,#ı "(.2ũ"#ũ!.,4-(! !(¢-ũ"#ũ24ũ/ ~2ēũ ũ43(+(9 ".ũ+#8#2ũ 1! (! 2ũ"#ũ"#2 ! 3.ũ/ 1 ũ"#, -" 1ũ/#- +,#-3#ũ ũ+.2ũ/1./(#3 1(.2ũ "#ũ +ũ -(5#12.ũ8ũ ũ4-ũ!.+4,-(23 ũ"#ũ#2#ũ/#1(¢"(!.ēũ 4ũ . (#1-.ũ' ũ(,/4+2 ".ũ4- ũ+#8ũ04#ũ1#231(-%#ũ%1 5#,#-3#ũ+ ũ ! / !(" "ũ"#ũ+.2ũ,#"(.2ũ"#ũ!4 1(1ũ+ 2ũ! ,/ 2ũ/.+~3(! 2ũ8ũ+ 2ũ#+#!!(.-#2ėũ#-ũ#$#!3.Ĕũ#23 ũ5 ũ +ũ/4-3.ũ"#ũ/1.'( (1ũ!4 +ı 04(#1ũ1#/.13#ũ"#ũ4-ũ,#"(.ũ04#ũ/4#" ũ #-#ă!( 1ũ.ũ $#!3 1ũ ũ4-ũ! -"(" 3.ēũ ũ '.1 Ĕũ/.-#ũ#-ũ24ũ,(1 ũ ũ+.2ũ. 2#15 ".1#2ũ (-3#1- !(.- +#2ũ"#ũ,#"(.2ē +ũ,#2ũ/ 2 ".Ĕũ#+ũ%. (#1-.ũ"#ũ .11# ũ/("(¢ũ ũ+ ũ 1% -(9 !(¢-ũ"#ũ 23 ".2ũ ,#1(! -.2ũĸ Ĺũ!.-2("#1 1ũ4-ũ/1.8#!3.ũ04#ũ "#2/.) 1;ũ ũ+ ũ #+ 3.1~ ũ 2/#!( +ũ/ 1 ũ+ ũ ( #13 "ũ"#ũ 7/1#2(¢-ũ"#ũ24ũ! / !(" "ũ"#ũ1# +(9 1ũ24ũ31 ).ēũ +ũ/+ -ũ"#ũ .11# ũ /."1~ Ĕũ2(ũ"#ũ2#ũ /14# Ĕũ(,/#"(1ũ+ ũ/4 +(! !(¢-ũ"#ũ4-ũ(-$.1,#ũ"#ũ+ ũ ũ2. 1#ũ+ ũ2(34 !(¢-ũ"#ũ+ ũ+( #13 "ũ"#ũ#7/1#2(¢-ũ#-ũ ! " ũ4-.ũ"#ũ+.2ũ/ ~2#2ũ"#ũ+ 2ũ ,_1(! 2Ĕũ4-ũ(-$.1,#ũ04#ũ' ũ2(".ũ/4 +(! ".ũ -4 +,#-3#ũ/.1ũ,;2ũ"#ũ4- ũ"_! " ē
ũ Ĕũ04#ũ2#ũ1#Ì-#ũ#23 ũ2#, - Ĕũ"# #1~ ũ1#!' 9 1ũ#23 2ũ1#!.,#-" !(.-#2ēũ ũÌ+3(, ũ!.2 ũ04#ũ !4 ".1ũ-#!#2(3 ũ#2ũ "#ũ+ ũ 84" ũ(-3#1- !(.- +ũ/ 1 ũ2.! 5 1ũ+ ũ+( #13 "ũ"#ũ#7/1#2(¢-ēũ .11# Ĕũ4-ũ/./4+(23 ũ04#ũ-4-! ũ' ũ"#,.231 ".ũ,4!'.ũ 1#2/#3.ũ/.1ũ+ ũ/1#-2 Ĕũ#23;ũ' !(#-".ũ4-ũ 4#-ũ31 ).ũ +ũ1#2/#!3.Ĕũ3.".ũ/.1ũ2~ũ2.+.ēũ
.+4,- ũ"#ũ .#+ũ (,.-
.,(3_ũ"#ũ 1.3#!!(¢-ũ ũ #1(."(23 2ũ ēũ +ũ"(1#!3.1ũ#)#!43(5.ũ"#+ũ .,(3_ũ/ 1 ũ+ ũ 1.3#!!(¢-ũ"#ũ+.2ũ #1(."(23 2ũĸ ĹĔũ .#+ũ (,.-Ĕũ!1##ũ04#ũ+ ũ 1% -(9 !(¢-ũ"#ũ 23 ".2ũ ,#1(! -.2ũĸ Ĺũ"# #ũġ, -3#-#12#ũă1,#Ģũ/ 1 ũ#5(3 1ũ04#ũ#+ũ/1#2("#-3#ũ"#ũ !4 ".1Ĕũ $ #+ũ .11# Ĕũġ 31./#ı ++#Ģũ+ 2ũ(-23(34!(.-#2ũ"#,.!1;3(! 2ũ$4#1 ũ"#ũ24ũ/ ~2ē ġ 1 2ũ+.%1 1ũ 31./#++ 1ũ+ 2ũ(-23(34!(.-#2ũ"#,.!1;3(! 2ũ#-ũ24ũ/1./(.ũ/ ~2Ĕũ .11# ũ31 3 ũ"#ũ#,/+# 1ũ+ 2ũ,(2, 2ũ3;!3(! 2ũ $4#1 ũ"#ũ242ũ$1.-3#1 2ĢĔũ "5(#13#ũ (,.-ũ#-ũ4- ũ!.+4,- ũ/4 +(! " ũ 8#1ũ/.1ũ '#ũ ( ,(ũ #1 +"ē -ũ#++ ũ 2#%41 ũ04#ũ#+ũ2#!1#3 1(.ũ%#-#1 +ũ"#ũ+ ũ Ĕũ .2_ũ (%4#+ũ -24+9 Ĕũġ!.-ũ"#, 2( " ũ$1#!4#-!( ũ' ũ!.,/1.,#3(".ũ 24ũ, -" 3.ũ"#,.!1;3(!.ũ/.1ũ,(, 1ũ ũ+.2ũ"_2/.3 2ũ#,#1%#-3#2ũ"#ũ+ ũ1#%(¢-Ģē ġ 23#ũ#2ũ#+ũ,.,#-3.ũ"#ũ04#ũ_+ũ8ũ+.2ũ/ ~2#2ũ"#ũ+ ũ1#%(¢-ũ!.,/1.,#3(".2ũ!.-ũ+ ũ"#,.!1 !( ũ2#ũ, -3#-% -ũă1,#2ĢĔũ 1%4ı ,#-3 ũ#+ũ"(1#!3.1ũ"#+ũ Ĕũ04#ũ5#ũ ũ .11# ũ!.,.ũġ4- ũ ,#- 9 ũ ũ+ ũ+( #13 "ũ"#ũ/1#-2 ũ,4!'.ũ, 8.1ũ04#ũ+.2ũ/1#2("#-3#2ũ 4%.ũ ';5#9Ĕũ"#ũ #-#94#+ Ĕũ8ũ -(#+ũ 13#% Ĕũ"#ũ (! 1 %4 Ģē ġ +ũ(%4 +ũ04#ũ ';5#9ũ8ũ 13#% Ĕũ .11# ũ%. (#1- ũ!.-ũ!#13#9 ũ,#2(;-(! ũ8ũ1#!' 9 ũ+ 2ũ!1~3(! 2ũ!.,.ũ4- ũ!.-2/(1 !(¢-ũ/1.ı 5.! " ũ/.1ũ 11 (% ".2ũ(-3#1#2#2ũ.+(%;104(!.2ĢĔũ"(!#ũ#+ũ1#2/.-2 +#ũ"#+ũ Ĕũ04(#-ũ!1##ũ04#ũ#+ũ -" 3 1(.ũġ' ũ!#-31 ".ũ '.1 ũ24ũ 3#-!(¢-ũ#-ũ+ 2ũ(-23(34!(.-#2ũ1#%(.- +#2ũ04#ũ' -ũ +(,#-3 ".ũ8ũ2.23#-(".ũ+ ũ"#,.!1 !( ũ#-ũ ,_1(! ũ 3(- Ģē
/-* ( (ŋ ) , -ŋ (ŋ ) & ŋ
ēũ ũ"(1(%#-!( ũ2#ũ1#4-(¢ũ 8#1ē
ũ!.-2314!!(¢-ũ"#ũ4-ũ1#2#15.1(. 04#"¢ũ/ 1 +(9 " ũ#+ũ,(_1!.+#2ē 23 ũ +ũćĔĎŘē
fWhW h[YbWcWh iki Z[h[Y^ei$ b " [d BWjWYkd]W" WdkdY_ gk[ i[]k_h| [d bW l_]_b_W ieXh[ [b -04#ũ1#2#15.1(. j[cW YWhY[bWh_e$ ÆDe [ijWcei Kd fehY[djW`[ Z[b &"+ ^W# YedÒWZei ^WijW gk[ bW eXhW i[ Xh W WlWdpWZe bW YedijhkYY_ d YedijhkoW [d ejhW fhel_dY_W o Z[b jWdgk[ h[i[hleh_e [d CWYW lk[blW bW jhWdgk_b_ZWZ W bW ][d# =hWdZ[$ 9eY^W cWd_\[ij gk[ j[Ç" [nfh[i [b fh[i_Z[dj[ Z[ bW Wb cec[dje Z[ [cf[pWh bei @kdjW FWhhegk_Wb" @W_c[ 9^ebe# jhWXW`ei i[ ^WX W Z_Y^e gk[ [hW gk_d]W" gk_[d" `kdje W CWdk[b kdW eXhW Z[b =eX_[hde o gk[ 9eY^W" fh[i_Z[dj[ Z[ bW Yeck# dWZW j[d W gk[ l[h Yed bW Y|h# Y[b" Æf[he ^[cei fWbfW# d_ZWZ Z[ CWYW =hWdZ[ o kdW Z[b[]WY_ d Z[ ^W# ũ Ze gk[ ^W i_Ze kd Y^Wd# jW`[Ç fehgk[ bei jhWXW`ei X_jWdj[i" WdkdY_ gk[ [b i[ fWhWb_pWhed Z[iZ[ [b Æbe]heÇ \k[ Z[b fk[Xbe o
.2ũ"(1(%#-3#2ũ Æde ^kXe Wi[iehWc_[dje "5(13(#1.-ũ04#ũ fWiWZe c_ hYeb[i$ "#, -" 1;-ũ2(ũ 7]h[] gk[" Æ[b =e# feb j_YeÇ" Yec[dj $ -.ũ2#ũ/ % ũ ũ+.2ũ X_[hde Z[X[ h[if[jWh bW F[he ik h[Wb fh[eYkfW# 31 ) ".1#2ē Z[ceYhWY_W o ]eX[hdWh Y_ d [i gk[ lWh_Wi eXhWi i_d fh[fej[dY_W [ _cfe# Yecfb[c[djWh_Wi gk[ [ijWXWd Yedi_Z[hWZWi Z[djhe i_Y_ dÇ$ ÆI_ [b =eX_[hde fh[# Z[b fheo[Yje YWhY[bWh_e" i[ ^Wd j[dZ[ Z[hhejWh Wb Cel_c_[dje fWhWb_pWZe" bk[]e Z[ bW Z[Y_i_ d ?dZ ][dW o 9Wcf[i_de Z[ 9eje# eÒY_Wb Z[ oW de Yedijhk_hbe Wbb $ fWn_ C?99 j[dZh| gk[ fWiWh ;b fh[i_Z[dj[" HW\W[b 9ehh[W" ckY^Wi b[YY_ed[i o XkiYWh i[ Wb ZkhWdj[ ik bj_ce [d# ejhei h[fh[i[djWdj[iÇ" [nfh[i bWY[" gk[ de i[ Yedijhk_h W W^ 9eY^W$ =edpWbe ;if d" Z_h_][dj[ [b f[dWb f[he jWcfeYe ^WXh W Z[ CWYW =hWdZ[" YWb_ÒY Yece eXhWi$ 9^ebegk_d]W cWd_\[ij gk[ ÆkdW l[h] [dpWÇ bW fWhWb_pW# bei c_d_ijhei o bWi Wkjeh_ZWZ[i Y_ d Z[ bW eXhW" e\h[Y_Ze feh [b fhel_dY_Wb[i cWd[`Whed kd ÆZe# =eX_[hde o feh Bk_i IWbWpWh" Xb[ Z_iYkhie" Y^WdjW`[i o [d]W# ikXi[Yh[jWh_e h[]_edWb Z[ bW I[# eiÇ o gk[ bW ][dj[ i[ b[lWdjWh| Yh[jWh_W Z[b 7]kW$
ũ BW Z_h_][dY_W Z[ FeW#
/ 4 ŋ(# ! ŋ* # )ŋ ŋ& ŋ Ûd][bW IWhc_[dje" fh_dY_fWb Z[b `kp]WZe I[]kdZe Z[ =W# hWdj Wi F[dWb[i Z[ F_Y^_dY^W" d[] [b f[Z_Ze Z[ c[Z_ZWi YWk# j[bWh[i ieb_Y_jWZe feh bW Kd_ d DWY_edWb Z[ F[h_eZ_ijWi KDF " [b fWiWZe ', Z[ [d[he" Wb 9 Z_# ]e Z[ bW :[ceYhWY_W$ 7Z[c|i" Z[Y_Z_ h[c_j_h [b Wkje W bW 9eh# j[ 9edij_jkY_edWb 99 $ ;ijW Z[Y_i_ d i[ Z_e [ij[ bk# d[i" Z[ WYk[hZe Yed bW f|]_dW [b[Yjh d_YW Z[ bW `kZ_YWjkhW Z[ F_Y^_dY^W$ I[] d [b Wkje" ÆbW 9ehj[ YWh[Y[ Z[ Yecf[j[dY_W fWhW fhedkdY_Whi[ ieXh[ bW Yedij_jkY_edWb_ZWZ Z[ bei j[n#
jei Wbj[hdWj_lei gk[ [dl W [b Fh[i_Z[dj[ Z[ bW H[f Xb_YW [d l_hjkZ Z[ kdW eX`[Y_ d fWhY_Wb" i_[dZe" feh jWdje" ij[" [b d_# Ye c[YWd_ice `kh_iZ_YY_edWb fWhW [l_jWh bW _dc_d[dj[ l_ebW# Y_ d Z[ bei Z[h[Y^ei Yedij_jk# Y_edWb[i gk[ i[ i[ WbWd [d [ijW Z[cWdZWÇ$ IWhc_[dje i[ WbW gk[ bW Æ99 ^W Z[j[hc_dWZe" [nfh[iWc[dj[" gk[ de ^Wo c[# Z_ZWi YWkj[bWh[i [d kdW WYY_ d Z[ _dYedij_jkY_edWb_ZWZÇ$ :[ ik fWhj[" IWdj_W]e =kWhZ[hWi WXe]WZe Z[ bW KDF" ieb_Y_j bW h[leYWjeh_W$ <kdZWc[Z_ei ^_pe be fhef_e$
ƒ ą
g ĂĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
v Ĺ‹ (Ĺ‹ &Ĺ‹ ,)Ĺ‹ &Ĺ‹ ), Ĺ‹ &Ĺ‹ )& *-) Â&#x; ŊěŊBei YWdjed[i Z[ F_‹Wi"
PWhkcW" Fehjel[be o 7jW# ^kWbfW feZh‡Wd gk[ZWh _dYe# ckd_YWZei Yed [b h[ije Z[ ;b Ehe" fk[i [b jhWce Z[ bW l‡W [d [b i[Yjeh ;b FhWZe" Yehh[ [b h_[]e Z[ Z[ifbecWhi[ Yec# fb[jWc[dj[$ ;b fheXb[cW Z[b Z[ib_pW# c_[dje fWhY_Wb Z[ bW YWbpWZW [d ;b FhWZe i[ Z[X[ W bW [n_ij[d# Y_W Z[ kdW \WbbW ][ebŒ]_YW$ >WY[ i[_i W‹ei i[ YedijhkoŒ kd ckhe Z[ ]Wl_ed[i fWhW fhej[][h bW l‡W" f[he ƒij[ \k[ Z[ijhk_Ze W YWkiW Z[ bei \k[hj[i _dl_[hdei ^WY[ kd fWh Z[ W‹ei$
#!(2(.-#2
7dj[ [bbe" [b Ckd_Y_f_e Z[ F_# ‹Wi ^W _di_ij_Ze Wdj[ [b C_d_i# j[h_e Z[ JhWdifehj[ o EXhWi F‘Xb_YWi CJEF " gk[ i[ Z_i# fed]W [b Whh[]be Z[ bW l‡W fh_d# Y_fWb fWhW \h[dWh ik Z[ib_pW# c_[dje jejWb$ BWi ieb_Y_jkZ[i ^[Y^Wi W [ijW YWhj[hW Z[ ;ijWZe ZWjWd Yed \[Y^Wi [b '* Z[ WXh_b Z[ (&'& o [b '. Z[ [d[he Z[ (&''" i_d gk[ ^WoW bb[]WZe ^WijW [b cec[dje h[ifk[ijW Wb]kdW" f[eh W‘d bW WokZW ]kX[hdWc[djWb$
Ýÿŋ%#&š' .,)-ŋ ŋ " -ŋ (ŋ ŋ & &vŋĚŋ ŋ ( * ( ( # 1 Ŋ#+Ŋ31 ,.ŊŊ #23;Ŋ/1#5(23.Ŋ4-Ŋ !'#.Ŋ/#1.Ŋ+ 2Ŋ ++45( 2Ŋ+(,(3 -Ŋ#+Ŋ 31 ).ē
BW h[Yec[dZWY_ÂŒd fWhW gk_[d[i jhWdi_jWd feh bW l‡W 9WbWYWb‡# BW ?dZ[f[dZ[dY_W" [djh[ bei a_bÂŒ# c[jhei ,( o --" [i h[ZkY_h Zh|i# j_YWc[dj[ bW l[beY_ZWZ$ ;ije" fehgk[ bW YWhh[j[hW [ij| [d cWb [ijWZe" i[ ^Wd \ehcWZe XWY^[i Yed Z_|c[jhei Yedi_Z[hWXb[i gk[ Z_Ă’YkbjWd [b fWie$ 7kjeh_ZWZ[i Z[ l_Wb_ZWZ Z[b 9edi[`e Fhel_dY_Wb Z[ F_Y^_dY^W h[YedeY[d [b cWb [ijWZe Z[ bW l‡W Ä“ĹŠ .2ĹŠ!.-"4!3.1#2ĹŠ2¢+.ĹŠ/4#"#-ĹŠ#204(5 1ĹŠ+.2ĹŠ %4)#1.2Ä“ĹŠ ĹŠ++45( ĹŠ(,/("#ĹŠ5(24 +(9 1+.2ĹŠ"#2"#ĹŠ+#).2Ä“ o ^Wd e\h[Y_Ze h[Wb_pWh kd XWY^[e fhel_i_edWb fehgk[ [b Yb_cW de b[i f[hc_j[ jhWXW`Wh [d bW h[fei_Y_ÂŒd !4#23 ĹŠ+ ĹŠ1#/ 1 !(¢-ĹŠ"#ĹŠ+.2ĹŠ31 ,.2ĹŠ"#ĹŠ+ ĹŠ5~ ĹŠ Z[ bW YWhf[jW Wi\|bj_YW$ + ! +~Äą -#% +(3.Äą -ĹŠ "#.Ä“ 7b bb[]Wh Wb i_j_e" be ‘d_Ye gk[ +ĹŠ31 ,.ĹŠ04#ĹŠ1#!.11#ĹŠ#+ĹŠ2#!3.1ĹŠ++ , ".ĹŠ -ĹŠ "#.ĹŠ#23;ĹŠ++#-.ĹŠ"#ĹŠ !'#2Ä“ĹŠ fk[Z[d ^WY[h bei YedZkYjeh[i [i 23;ĹŠ/1#5(23 ĹŠ4- ĹŠ1#/.2(!(¢-ĹŠ"#ĹŠ4- ĹŠ-4#5 ĹŠ! 1/#3 ĹŠ 2$;+3(! ĹŠ#-ĹŠ+.2ĹŠ/4-3.2ĹŠ [igk_lWh bei ^k[Yei$ ;b cWbjhWje ;`[YkY_ÂŒd Z[ EXhWi Z[b 9edi[`e ,;2ĹŠ!1~3(!.2Ä“ Z[ bei l[^‡Ykbei [i YWi_ _d[l_jW# Fhel_dY_Wb Z[ F_Y^_dY^W" _d\eh#
ĹŠ 1#$#!341 ĹŠ 2#%41 ĹŠ04#ĹŠ!4#-3 ĹŠ!.-ĹŠ, 04(- 1( ĹŠ8ĹŠ/#12.- +ŊĸĎćŊ31 Äą Xb[$ >Wo ][dj[ gk[ _dYbkie efjW ) ".1#2ĚŊ/ 1 ĹŠ(-3#15#-(1ĹŠ ĹŠ+ ĹŠ5~ ĔŊ/#1.ĹŠ04#ĹŠ#+ĹŠ!+(, ĹŠ+.2ĹŠ' ĹŠ"#3#-(".Ä“ĹŠÄĄ -ĹŠ#+ĹŠ2(3(.ĹŠ cÂŒ gk[ ^Wo kd fbWd Z[ h[^WX_b_# feh _dlWZ_h [b YWhh_b" Wkdgk[ h[# jWY_ÂŒd" gk[ i[ [`[YkjW Z[iZ[ ^WY[ , -#!#ĹŠ++.5(#-".ĔŊ ĹŠ+ 2ĹŠÄˆÄŠÄ–Ä‡Ä‡ĹŠ-4#5 ,#-3#ĹŠ' 8ĹŠ %4 ĹŠ++45( ĹŠ8ĹŠ#2ĹŠ(,/.2( +#ĹŠ i[_i c[i[i" [d jh[i \Wi[i$ ikbj[ h_[i]eie$ 5 -9 1ĢĔŊ2# +¢Ŋ #+2.ĹŠ (34  ē ;djh[ bW O Z[ 9WbWYWb‡ o [b +(, ĹŠ"($~!(+ [igk_lWhbei$ i_j_e o h[ifediWX_b_pW W bWi Wk# a_bÂŒc[jhe ))!*.& YebeYWhed i[# I[ jhWjW Z[ kd pedW ZedZ[ de 9edZkYjeh[i gk[ h[Yehh_[# jeh_ZWZ[i Z[b 9edi[`e Fhel_d# bbe Wi\|bj_Ye$ ;djh[ [b a_bÂŒc[jhe fWhW Z[ bbel[h$ ;b W]kW i[ ^W [c# hed [b i[Yjeh Yed Z[ij_de Wb Y_Wb feh bei ZW‹ei gk[ fh[i[dj[ ))!*.& ^WijW BW 7hc[d_W i[ ^W h[Y_YbWZe bW YWhf[jW Wi\|bj_YW fepWZe [d [b _dj[h_eh Z[ bei XW# YWdjÂŒd F[Zhe L_Y[dj[ CWbZe# ik l[^‡Ykbe$ o i[ [ij| YebeYWdZe kdW dk[lW$ Y^[i o de f[hc_j[ l_ikWb_pWh be dWZe ZkhWdj[ [b Ă’d Z[ i[cWdW J_[d[d fh[l_ije WlWdpWh ^WijW [b fhe\kdZei gk[ ied$ >Wo ^k[Yei i[ gk[`Whed$ 9Whbei =WbWhpW" Wh# -3#15#-!(¢[d fb[dW YkhlW" be gk[ Z_Ă’YkbjW gk_j[Yje [Yebe]_ijW" h[Yehh_ÂŒ [b 9[bie J_jkW‹W" YeehZ_dWZeh Z[ a_bÂŒc[jhe ,*$
+ĹŠ2#!3.1ĹŠ,;2ĹŠ"#3#1(.1 ".ĹŠ Ĺ—ĹŠĹŠ
ÄŽÄŚÄ?ĊćēĎđĎŊ
31.ĹŠ/1#2.
Ŋ .+(!~ Ŋ"#345.Ŋ Ŋ + #13.Ŋ (%4#1. Ŋ #1.ĔŊ4-.Ŋ"#Ŋ+.2Ŋ"#+(-!4#-3#2Ŋ04#Ŋ (-3#%1 Ŋ+ Ŋ+(23 Ŋ"#Ŋ+.2Ŋ,;2Ŋ 42! Ĺ ".2Ŋ#-Ŋ+ Ŋ/1.5(-!( Ŋ"#Ŋ -3 Ŋ +#- ēŊ
g ĂĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
Ć
(0 -.#! ,6(Ĺ‹ Ĺ‹0 ), -Ĺ‹ (Ĺ‹ &Ĺ‹ -)Ĺ‹ Ĺ‹ ,# #)Ĺ‹ ),, Ä“ĹŠ " +;ĹŠ 4! 1 ,ĔŊ#7/1#2("#-3#ĹŠ"#ĹŠ+ ĹŠ #/ĂŒ +(! Ä“
/ , 'ŋ-)&# #. ŋ& ŋ (/&# ŋ ŋ-/ŋ$/# #) 4(++#1,.Ŋ 231.Ŋ ;%#1ĔŊ#7/1#2("#-Ĺ 3#Ŋ"#Ŋ+ Ŋ .13#Ŋ 4/1#, ĔŊ"(!#Ŋ04#Ŋ-.Ŋ ' 8Ŋ"($#1#-!( Ŋ!.-Ŋ#+Ŋ! 2.Ŋ '(*ēŊŊŊ
$ #+ĹŠ .11# ĔŊ#23 1~ ĹŠ"#31;2ĹŠ"#+ĹŠ$ ++.ĹŠ 04#ĹŠ 2.+5(¢Ŋ +ĹŠ#75(!#/1#2("#-3#ĹŠ"#ĹŠ + ĹŠ #/ĂŒ +(! ĔŊ + #13.ĹŠ '(*Ä“ ĹŠÄĄ +ĹŠ5#1" "#1.ĹŠ)4#9ĔŊ#+ĹŠ5#1" "#1.ĹŠ %#23.1ĹŠ"#ĹŠ#23 ĹŠ~11(3 ĹŠ/1.5("#-!( ĹŠ#2ĹŠ .11# ĔŊ04#ĹŠ#23;ĹŠ"(2$1 9 ".ĹŠ"#ĹŠ 1#2(Äą "#-3#ĔŊ!4 -".ĹŠ#2ĹŠ#+ĹŠ%1 -ĹŠ"(!3 ".1ĹŠ"#ĹŠ + ĹŠ #/ĂŒ +(! ĢĔŊ 2#5#1¢ē .+¢19 -.ĹŠ"(!3¢Ŋ+ ĹŠ.1"#-ĹŠ"#ĹŠ /1(2(¢-ĹŠ!.-31 ĹŠ '(*ĔŊ#+ĹŠÄˆÄˆĹŠ"#ĹŠ.!34 1#ĹŠ "#ĹŠÄˆÄ’Ä’ÄŽÄ“
Ĺ Ŋ ěŊ ;b [nfh[i_#
78%+')
gk[ _d_Y_[d bW WYY_ÂŒd f[dWbÇ$ 7YejÂŒ 9Wijhe gk[ Wgk‡ be gk[ de Z[X[ Yed\kdZ_hi[ [i gk[ dW# Z_[ [ij| Z[YbWhWdZe bW _deY[dY_W Z[ :W^_a" d_ Z[ 8kYWhWc" Æoe be gk[ ^_Y[ [i gk[ Yece i[ ^WX‡Wd l_ebWZe bei h[gk_i_jei Z[ fh[`kZ_# Y_Wb_ZWZ" bei Z[YbWhƒ dkbeiÇ$
7X%+'*
d|d KbbeW FWhWZW" ieb_Y_jW bW Z[dj[ Z[ bW H[f‘Xb_YW" 7XZWb| Z[YbWhWjeh_W Z[ bW dkb_ZWZ Z[ 8kYWhWc" _dleYWdZe bW dkb_# bW YWkiW gk[ i[ b[ i_]k[ Yed kd ZWZ gk[ i[ Z[YbWhÂŒ [d [b `k_Y_e jhWjWc_[dje Z_iYh_c_dWjeh_e o gk[ feh ikfk[ije f[YkbWZe i[ YedjhWh_e W bW fh[ikdY_ÂŒd Z[ b[ i_]k[ Wb [nl_Y[fh[i_Z[dj[ _deY[dY_W Yece Z[h[Y^e Z[ 7bX[hje :W^_a" ieb_Y_jÂŒ gk[ bW fhej[YY_ÂŒd gk[ [i YWhWYj[h‡ij_# Fh_c[hW IWbW F[dWb Z[ bW 9ehj[ YW Z[b 8k[d L_l_h Z[ bW 9edij_# DWY_edWb Z[ @kij_Y_W 9D@ eXh[ jkY_ÂŒd Z[ (&&.$ Z[ bW c_icW cWd[hW o ;b `k_Y_e gk[ i[ b[ de i[ b[ Z_iYh_c_d[ [d ĹŠ i_]k[ W 8kYWhWc [i Z[ iki Z[h[Y^ei$ cWb kie Z[ bei \edZei 7 jhWlƒi Z[ iki WXe# h[i[hlWZei Z[b ;ijWZe$ ]WZei Z[\[dieh[i" Bk_]_ ĹŠ-4+(" "ĹŠ2.+(!(Äą 3 " ĹŠ#2ĹŠ ĹŠ+ ĹŠ =WhY‡W o L‡Yjeh >k]e ! 42 ĹŠÄˆÄ‡ÄŽÄ‘Äą 2.2ĹŠ(%4 +#2 ĉććĒŊ Ŋĸ% 2Äą I_Yekh[j" [b [ncWdZW# 3.2ĹŠ1#2#15 ".2Äš ;b [nfh[i_Z[dj[ Z[ bW jWh_e WZkY[ gk[ [b eh# 9ehj[ Ikfh[cW Z[ @ki# Z[dWc_[dje Yedij_jk# j_Y_W 9I@ " =k_bb[hce Y_edWb Z[b ;YkWZeh h[bWj_le Wb 9Wijhe :|][h" Z_`e gk[ WcXei Z[X_Ze fheY[ie o bW Wfb_YWY_ÂŒd YWiei ied _]kWb[i$ ÆBW ‘d_YW Z[b fh_dY_f_e Æ_d ZkX_e fhe Z_\[h[dY_W gk[ [n_ij[ [i gk[ h[eÇ" fWhW [b fhedkdY_Wc_[dje :W^_a \k[ WXik[bje feh [b 9ed# Z[ dkb_ZWZ gk[ ieb_Y_jW" de h[# ]h[ie [d [b `k_Y_e feb‡j_Ye o Wb ]WdWh [ij[ de feZ‡Wd _d_Y_Wh gk_[h[ ik fh[i[dY_W fheY[iWb$ 7h]kc[djW jWcX_ƒd gk[ kde f[dWb o Yed 8kYWhWc de feh bei [\[Yjei Z[b Wkje Z[ dk# ^kXe [b `k_Y_e feb‡j_Ye" f[he b_ZWZ Z_YjWZe feh [b `k[p >[h# ^kXe bW ehZ[d W bW 9ehj[" fWhW
ÄĽ (!3 "41 ÄŚ Ĺ—ĹŠĹŠ #%ĂŒ-ĹŠ#+ĹŠ#7/1#2("#-3#ĹŠ"#ĹŠ+ ĹŠ ĔŊ 1+.2ĹŠ .+¢19 -.ĔŊ#+ĹŠ)#$#ĹŠ"#ĹŠ 23 ".ĔŊ
BW <_iYWb‡W =[d[hWb Z[b ;ijWZe dej_Ă’YÂŒ W YkWjhe _dj[]hWdj[i Z[
.2ĹŠ5(%(+ -3#2 bW l[[Zkh‡W Y_kZWZWdW gk[ _dl[i# .3(ă! ".2 j_]ÂŒ bei YedjhWjei gk[ cWdj[d‡Wd bWi [cfh[iWi l_dYkbWZWi W <WXh_# Y_e 9ehh[W" ^[hcWde cWoeh Z[b Ĺ—ĹŠ +.ĹŠ ' , #12ĹŠ Fh_c[h CWdZWjWh_e" fWhW gk[ Ĺ— .2_ĹŠ 4(2'/# YecfWh[pYWd W bW _dij_jkY_ÂŒd$ Ĺ— #1 1".ĹŠ .13(++ ;b fheY[ie i[ [dYk[djhW [d _d# ZW]WY_ÂŒd fh[l_W" o bei l[[Zeh[i" Ĺ— ~!3.1ĹŠ 4%.ĹŠ (" +%. i[]‘d YedijW [d [b ZeYkc[dje Z[ bW <_iYWb‡W" Z[X[h|d Wi_ij_h WYecfW‹WZei Z[ iki WXe]WZei b[Yj_lei" oW gk[ [b jhWXW`e be ^_# Z[\[dieh[i$ Y_[hed [d Yed`kdje$ ;b d‘c[he Z[ bW _dl[ij_]WY_ÂŒd I[]‘d Z_`e" bW dej_\_YWY_ÂŒd [i '-&'&'.''&))-(/" feh bb[]ÂŒ [b fWiWZe l_[hd[i W ikfk[ije Z[b_je Z[ Wj[d# cWdei Z[ bei YkWjhe Y_k# ĹŠ jWZe YedjhW bW \[ f‘Xb_# ZWZWdei$ 9^WcX[hi Z[dkdY_ÂŒ YW$ BW Ă’iYWb CWh‡W ;b[dW +.ĹŠ ' , #12ĹŠ jWcX_ƒd gk[ [b 9edi[`e 8WoWi [i bW [dYWh]WZW Z[ (-$.1,¢Ŋ04#ĹŠ-.ĹŠ h[Wb_pWh bWi _dl[ij_]WY_e# !4"(1;-ĹŠ ĹŠ#23#ĹŠ Z[ FWhj_Y_fWY_ÂŒd 9_kZW# d[i o \k[ gk_[d Z_ifkie ++ , ".ĹŠ"#ĹŠ+ ĹŠ ZWdW o 9edjheb IeY_Wb (2! +~ Ä“ĹŠ gk[ i[Wd kX_YWZei bei 9F99I " [b fWiWZe + Z[ [d[he" _d]h[iÂŒ W bWi l[[Zeh[i$ FWXbe 9^WcX[hi WdkdY_ÂŒ gk[ e\_Y_dWi ZedZ[ jhWXW`WXWd bei bei f[Z_Zei Z[ bW <_iYWb‡W de Z[# l[[Zeh[i o i[ bb[lWhed jeZei bei X_[hed i[h _dZ_l_ZkWb[i i_de Ye# ZeYkc[djei
Ĺ‹ )(Ă°,' Ĺ‹- (. ( # Ĺ‹ )(., Ĺ‹ ,! Bk_i >[iic[h LWh]Wi" YWkiWdj[ Z[b WYY_Z[dj[ gk[ Z[`ÂŒ ', l‡Yj_# cWi cehjWb[i o lWh_ei ^[h_Zei [d bW L‡W F[h_c[jhWb Z[ =kWoWgk_b" [b + Z[ i[fj_[cXh[ Z[ (&'&" Z[X[# h| Ykcfb_h bW f[dW Z[ '( W‹ei Z[ h[Ybki_ÂŒd o fW]Wh c|i Z[ c[Z_e c_bbÂŒd Z[ ZÂŒbWh[i feh YedY[fje Z[ _dZ[cd_pWY_ed[i$ 7o[h" bW Fh_c[hW IWbW F[dWb Z[ bW 9ehj[ DWY_edWb Z[ @kij_Y_W
9D@ ^_pe iWX[h gk[ i[ Z[YbWhÂŒ [b WXWdZede Z[b h[Ykhie Z[ YWiW# Y_ÂŒd _dj[hfk[ije feh LWh]Wi W bW i[dj[dY_W gk[ bW `k[pW Fh_c[hW Z[ Jh|di_je Z[b =kWoWi b[ _cfk# ie feh [b WYY_Z[dj[ Z[ jh|di_je$ BW i[dj[dY_W \k[ YedĂ’hcWZW feh bW Fh_c[hW IWbW F[dWb o Z[ Jh|di_je Z[ bW 9ehj[ Z[ @kij_Y_W Z[b =kWoWi" Z[ bW gk[ [b i[dj[dY_WZe _dj[hfkie [b h[Ykhie Z[ YWiWY_ÂŒd$
ýúĿŋ &ŋ! ( )ŋ 3 ŋ.# ( ŋ , . ŋ
ć
g ĂĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
//+#ĹŠ(-!1#,#-3 ĹŠ 24ĹŠ #-#ă!(.ĹŠ
Ĺ—ĹŠĹŠĹŠ
ĹŠ: ĔŊ ĹŠÄ› ;b ]_]Wdj[ j[YdebÂŒ]_Ye 7ffb[ h[]_ijhÂŒ kd X[# d[Ă’Y_e d[je Z[ ')$&,* c_bbed[i Z[ ZÂŒbWh[i Z[ eYjkXh[ W Z_Y_[cXh[ Z[ (&''" ik fh_c[h jh_c[ijh[ Z[b [`[h# Y_Y_e Ă’iYWb (&'(" be gk[ ikfkie kd ''-"+ c|i gk[ ZkhWdj[ [b c_ice f[h‡e# c_ice f[h‡e Ze Z[ (&'&" _d\ehcÂŒ bW YecfW‹‡W Z[ I_b_Yed LWbb[o$ BW [cfh[iW eXjkle kdei _d]h[iei [d bei ‘bj_cei jh[i c[i[i Z[ *,$))) c_bbed[i Z[ ZÂŒbWh[i" Yed kd Yh[Y_# c_[dje _dj[hWdkWb Z[ kd -)"( $
! .- +"Č2Ŋ% - Ŋ ĎēĎćĊŊ,(++.-#2Ŋ
Ĺ—ĹŠ ĹŠĹŠ ĹŠ ĔŊ ŊěŊCY:edWbZÉi WdkdY_ÂŒ gk[ Y[hhÂŒ (&'' Yed kd X[d[Ă’Y_e d[je Z[ +$+&)"' c_bbed[i Z[ ZÂŒbWh[i" [b '' c|i gk[ [d [b [`[hY_Y_e Wdj[h_eh" be gk[ Wjh_XkoÂŒ W kd Wkc[dje Z[ bWi l[djWi [d jeZWi bWi |h[Wi ][e]h|Ă’YWi$ BW cWoeh YWZ[dW Z[ Yec_ZW h|f_ZW Z[jWbbÂŒ gk[ [d [b Yed`kd# je Z[ (&'' eXjkle kdW ]WdWdY_W d[jW feh WYY_ÂŒd Z[ +"(- ZÂŒbWh[i" \h[dj[ W bei *"+. ZÂŒbWh[i Z[ X[# d[Ă’Y_e Yed bei gk[ Y[hhÂŒ [b W‹e fh[Y[Z[dj[$ BW ckbj_dWY_edWb \WYjkhÂŒ [djh[ [d[he o Z_Y_[cXh[ (-$&& c_bbe# d[i Z[ ZÂŒbWh[i" [b '( c|i gk[ bei (*$&-*", c_bbed[i Z[ ZÂŒbWh[i gk[ h[]_ijhÂŒ [d (&'&$
40*1,.3*.)*.(,& )* &.(/2 5 *+41/2 )*- (4&)/1
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
+3 -ĹŠ4-.2ĹŠÄŠÄ”Ä?ĹŠ ,(++.-#2ĹŠ"#ĹŠ#)#,Äą /+ 1#2Ä“ĹŠ 7(23#ĹŠĹŠ /1#.!4/ !(¢-ĹŠ 31( 43 1( Ä“ĹŠĹŠ
;d Y_dYe c[i[i i[ ^Wd Wh[j[WZe W '", c_bbed[i Z[ YWX[pWi Z[ ]W# dWZe Xel_de lWYWi" jehei o Xk[# o[i $ <WbjWd Wbh[Z[Zeh Z[ )", c_# bbed[i fWhW YkXh_h bW feXbWY_ÂŒd jejWb" gk[ i[]‘d [ij_cWY_ed[i eĂ’Y_Wb[i [i Z[ Wfhen_cWZWc[d# j[ +"(* c_bbed[i$ ;b fhe]hWcW" gk[ Yedi_i# j[ [d _Z[dj_Ă’YWh W bei Wd_cWb[i c[Z_Wdj[ kd Wh[j[ Yed YÂŒZ_]e "#ĹŠ% - ".ĹŠ5 !4-. ' 8ĹŠ#-ĹŠ#+ĹŠ/ ~2Ä“ Z[ XWhhWi" _d_Y_ÂŒ [d W]eije Z[ (&''$ ;ij| W YWh]e Z[ bW IkXi[# Ä“ĹŠ +ĹŠ ĹŠ!.-2(23#ĹŠ#-ĹŠ!.+.! 1ĹŠ 1#3#2ĹŠ ĹŠ+.2ĹŠ -(, +#2ĹŠ!.-ĹŠ!¢"(%.ĹŠ"#ĹŠ Yh[jWh‡W Z[ <ec[dje =WdWZ[he 11 2ĹŠ/ 1 ĹŠ3#-#1ĹŠ4-ĹŠ!.-31.+ĹŠ"#ĹŠ+.2ĹŠ -(, +#2Ä“ĹŠ Z[b C_d_ij[h_e Z[ 7]h_YkbjkhW o =WdWZ[h‡W" o [d Y_dYe c[i[i jW Z[ gk[ [ije f[hc_j[ YedeY[h pWY_ÂŒd Z[ Wd_cWb[i$ ^W YkX_[hje ÆWb )& Z[b ]WdWZe Z[ gkƒ Xel_de fhel_de bW YWhd[ Bei Wh[j[i Yk[djWd Yed kd lWYkdeÇ" i[]‘d _dZ_YÂŒ CWh]ej^ Z[ Z[j[hc_dWZe fheZkYje Ă’dWb" YÂŒZ_]e Z[ XWhhWi ZedZ[ YedijWd >[hd|dZ[p" j_jkbWh Z[ [ijW |h[W$ oW i[W kd jhepe Z[ YWhd[ Yece jeZei bei ZWjei Z[b fhef_[jWh_e" BW \kdY_edWh_W WY[f# kd b|Yj[e e [cXkj_Ze$ Wi‡ Yece Z[b Wd_cWb$ :[ [ijW @WhWc_bbe WZ[c|i i[# cWd[hW Æ[i kdW ^[hhWc_[djW jÂŒ gk[ Æ[n_ij[d Wb]kdei ĹŠ ]WdWZ[hei gk[ j_[d[d _d# ‹WbÂŒ gk[ YedeY‡W gk[ fe# Z[ Yedjheb o l_]_bWdY_W iWd_jW# gk_[jkZ[iÇ$ KdW Z[ [ijWi Yei W]h[c_WZei ^WX‡Wd h_W" WZ[c|i f[hc_j[ YedjhebWh [i bW fh[eYkfWY_ÂŒd Z[ gk[ #%ĂŒ-ĹŠ+.2ĹŠ1#%(2Äą h[Y_X_Ze bei Wh[j[i" feh [b WX_][Wje heXe Z[ ]WdWZeÇ" 31.2ĹŠ"#ĹŠ [b h[]_ijhe j[d]W Ă’d[i jh_# %1.! +(" "ĔŊ be gk[ Æ[if[hWcei gk[ [b [nfb_YÂŒ >[hd|dZ[p$ #7(23#-ĹŠÄ‰ÄŒÄ‡Ä“Ä‡Ä‡Ä‡ĹŠ BW i_jkWY_ÂŒd [i gk[ YkWdZe XkjWh_ei$ /1#"(.2ĹŠ .5(-.2ĹŠ fhe]hWcW WlWdY[Ç$ [b ]WdWZ[he ieb_Y_jW bei Wh[j[i 7bY_Z[i @WhWc_bbe" fh[# ĸ"#"(! ".2ĹŠ ĹŠ+ ĹŠ !1( -9 ĹŠ"#ĹŠ5 ! 2ĔŊ fWhW ik ]WdWZe" fh[l_e jh|c_# i_Z[dj[ Z[ bW 7ieY_WY_ÂŒd 3.1.2ĹŠ8ĹŠ3#1-#1.2ĚēŊ )#3(5.2 >ebij[_d ]h[c_e Z[ fhe# ;b eX`[j_le Z[b I_ij[cW j[ [d bWi h[]_edWb[i Z[b C_d_i# f_[jWh_ei Z[ ]WdWZe Z[ Z[ ?Z[dj_Ă’YWY_ÂŒd o JhW# j[h_e Z[ 7]h_YkbjkhW" i[ b[ [d# hWpW " feh [`[cfbe" Z_`e gk[ [i# pWX_b_ZWZ 7d_cWb I?J7 de jh[]W [b HK7$ ;ij[ ZeYkc[dje f[hWd gk[ Æde i[ kj_b_Y[ [b fhe# [i iÂŒbe j[d[h kd h[]_ijhe" i_de [i Yece [b j‡jkbe Z[ fhef_[ZWZ ]hWcW Yed [\[Yjei _cfei_j_lei YedjhebWh Yk[ij_ed[i iWd_jWh_Wi Z[ bei Wd_cWb[i" Wi‡ YkWdZe e Ă’iYWb[i" i_de fWhW X[d[Ă’Y_Wh W Yece [d\[hc[ZWZ[i gk[ i[ ^Wo heXei" bWi Z[dkdY_Wi j_[# bei Yedikc_Zeh[iÇ$ ;ije" [d l_i# fhefW]Wd c[Z_Wdj[ bW cel_b_# d[d h[ifWbZe$
ÄŽÄŚÄ‰ÄŒÄ‡Ä“Ä‡Ä‡Ä‡
# (Ĺ‹$/-.# # Ĺ‹, ! ( )Ĺ‹- (!, ĹŠ š Bei jhWXW`WZeh[i f[jheb[hei gk[ \k[hed Z[if[# Z_Zei" WYkiWZei Z[ YedĂ“_Yje Z[ _dj[h[i[i feh i[h WYY_ed_ijWi Z[ =Wif[jiW" [cfh[iW gk[ l[dZ‡W YecXkij_Xb[ Whj[iWdWb W bW H[# Ă’d[h‡W Z[ ;ic[hWbZWi" i[ Z[# iWd]hWhed Wo[h$ ;iW [i kdW c[Z_ZW Z[ fh[# i_ÂŒd fWhW [n_]_h W bei cW]_ijhW# Zei Z[ bW 9ehj[ Fhel_dY_Wb Z[ @kij_Y_W gk[ h[ik[blWd [d :[# h[Y^e bW 7YY_ÂŒd Z[ Fhej[YY_ÂŒd gk[ \k[ ]WdWZW [d fh_c[hW _dijWdY_W$ Bei jhWXW`WZeh[i gk[ jecW# hed bW Z[Y_i_ÂŒd \k[hed ;ZkWh# Ze Gk_djWdW" :Wd_[b Fƒh[p" =_bX[hje CeoW" ?l|d 9[Z[‹e" EcWh H[W" @eiƒ 9Wij_bbe" 8_j[b_e :[b]WZe" Bk_i C[dZepW" @^edo F[‹W^[hh[hW" =k_Ze 9hkp" @eh][ CedjW‹e" CWdk[b 8W# hh[pk[jW" =kijWle J[bbe" 8[jio 9W‹ebW" [ifeiW Z[ kde Z[ bei [cfb[WZei$
bei b‡Z[h[i Z[ bei jhWXW`WZeh[i h[YbWcWdj[i" Z_`e gk[ W [bbei b[i Wi_ij[ [b Z[h[Y^e o gk[ bW h[ie# bkY_ÂŒd Z[ bW 9ehj[ Fhel_dY_Wb Z[X[ i[h W \Wleh Z[ [bbei$ Feh ik fWhj[" =kijWle J[# bbe" [nfh[iÂŒ gk[ ied ', c[i[i gk[ ^Wd Z[`WZe Z[ f[hY_X_h iki ik[bZei o jeZe feh kd [hheh Z[ gk_[d[i WZc_d_ijhWXWd [b |h[W F[jheb[hW [d [iW ƒfeYW$ ÆBei `k[Y[i Z[ bW ĂŚd_YW IWbW Z[ bW 9ehj[ Fhel_dY_Wb Z[ @kij_Y_W" ^Wd j[d_Ze j_[cfe ikĂ’Y_[dj[ fWhW Z[Ă’d_h bW i_jkWY_ÂŒd Z[ '*& eXh[hei" f[he de be ^Wd ^[Y^eÇ" h[Ă’h_ÂŒ J[bbe$
4#9Ŋ.1"#-¢Ŋ1#(-3#%1.
J[bbe h[YehZÂŒ gk[ [b + Z[ eYjk# Xh[ Z[ (&''" [b `k[p EimWbZe =k[lWhW Z_ifkie [b h[_dj[]he Z[ jeZei bei jhWXW`WZeh[i" h[# iebkY_ÂŒd gk[ \k[ hWj_Ă’YWZW feh bW `k[pW IWd[o >khjWZe" [b '' Z[ del_[cXh[ Z[ (&''" f[he feh Wf[bWY_ÂŒd fWiÂŒ W bW 9ehj[ Fhe# 9¢l_dY_Wb$ ÆIed YWi_ Zei c[i[i =_bX[hje CeoW CWY‡Wi" kde Z[ gk[ j_[d[ [iW WYY_ÂŒd [d bW 9eh#
Ä“ĹŠ (+ #13.ĹŠ .8 ĔŊ4-.ĹŠ"#ĹŠ+.2ĹŠ +~"#1#2ĹŠ"#ĹŠ+.2ĹŠ31 ) ".1#2ĹŠ"#ĹŠ+ ĹŠ #Äą ă-#1~ ĹŠ 2,#1 +" 2ĔŊ2#ĹŠ"#2 -%1¢Ŋ!.,.ĹŠ ,#"(" ĹŠ"#ĹŠ/1.3#23 ĹŠ/.104#ĹŠ-.ĹŠ+#ĹŠ" -ĹŠ / 2.ĹŠ ĹŠ24ĹŠ1#(-3#%1.Ä“
j[" YkWdZe bW B[o ^WXbW Z[ *& Z‡Wi" f[Z_cei W bei cW]_ijhWZei h[iebl[h YkWdje Wdj[iÇ" [nfh[iÂŒ [b jhWXW`WZeh f[jheb[he$
*,#& -Ĺ‹- Ĺ‹ )(-)&# Ĺ‹ * , Ĺ‹ - Ă° ,Ĺ‹ Ĺ‹ "60 4
g ĂĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
Ĉ
Ŋ./.2(!(¢-Ŋ5#-#Ĺ 9.+ - Ŋ2#Ŋ,#3#Ŋ"#Ŋ ++#-.Ŋ#-Ŋ+ Ŋ! ,/ Ĺ  Ŋ/ 1 Ŋ242Ŋ#+#!Ĺ !(.-#2Ŋ/1(, 1( 2ē ĔŊ ŊěŊ ;b b‡Z[h efei_jeh
>[dh_gk[ 9Wfh_b[i Yedieb_ZÂŒ Wo[h ik YWdZ_ZWjkhW fWhW Z[iW# Ă’Wh [d bWi khdWi Wb fh[i_Z[dj[ l[d[pebWde" >k]e 9^|l[p" Yed [b ĹŠ Wfeoe Z[ B[efebZe BÂŒf[p" gk_[d h[dkdY_ÂŒ W fh[i[djWhi[ W bWi 2ĹŠ/1(, 1( 2ĹŠ"#ĹŠ fh_cWh_Wi Z[ bW efei_Y_ÂŒd fWhW + ĹŠ./.2(!(¢-ĹŠ ikcWhi[ Wb fheo[Yje feb‡j_Ye Z[b 2#1;-ĹŠ#+ĹŠÄˆÄ‰ĹŠ"#ĹŠ $# 1#1.Ä“ ]eX[hdWZeh Z[ C_hWdZW$ 7 \WbjW Z[ c[dei Z[ jh[i i[# Ä“ĹŠ +ĹŠ/1#! -"(" 3.ĹŠ./.2(3.1ĹŠ #-1(04#ĹŠ /1(+#2Ŋĸ"ĚŊ' + ĹŠ)4-3.ĹŠ ĹŠ #./.+".ĹŠ ¢/#9Ŋĸ(ĚŊ+4#%.ĹŠ"#ĹŠ04#ĹŠ_23#ĹŠ -4-!( 1 ĹŠ cWdWi fWhW bW `kijW efei_jehW" 24ĹŠ"#!(2(¢-ĹŠ"#ĹŠ"#) 1ĹŠ+ ĹŠ! 11#1 ĹŠ#+#!3.1 +ĹŠ/ 1 ĹŠ/+#% 12#ĹŠ ĹŠ /1(+#2ĹŠ#-ĹŠ+.2ĹŠ!.,(!(.2Ä“ĹŠ BÂŒf[p" Wb gk[ bWi [dYk[ijWi i_# jkWXWd [d j[hY[h bk]Wh" Wi[]khÂŒ h_W [b[YjehWb$ gk[ 9Wfh_b[i" gk[ Ă’]khW ÆLWcei `kdjei W [ijW [d [b fh_c[he" [i [b b‡Z[h ]hWd l_Yjeh_W" Yk[djW gk[ lW W bb[lWh W bW efe# Yedc_]e [d bW fei_Y_ÂŒd 41 -3#ĹŠ4-ĹŠ"# 3#ĹŠ-.!341-.ĹŠ#-ĹŠ +. .5(2(¢-ĔŊ! - +ĹŠ"#ĹŠ+~-# ĹŠ#"(3.1( +ĹŠ -3(%4 #1Äą ĹŠ ZedZ[ c[ Yehh[ifedZW i_Y_ÂŒd W bW l_Yjeh_W [d bWi - ,#-3 +ĔŊ#+ĹŠ#7"(/+.,;3(!.ĹŠ (#%.ĹŠ 11( ĹŠ8ĹŠ#+ĹŠ#7"(1(%#-3#ĹŠ(904(#1"(23 ĹŠ +.ĹŠ #"(- ĹŠ fWhW Yedieb_ZWh [iW ]hWd [b[YY_ed[i Z[ [ij[ W‹e$ !.-ă1, 1.-ĹŠ04#ĹŠ(,/4+2 1;-ĹŠ4- ĹŠ!.-23(348#-3#ĹŠ/ 1 ĹŠ,."(ă! 1ĹŠ+ ĹŠ .-23(34!(¢-ĹŠ8ĹŠ
2ĹŠ#+#!!(.-#2ĹŠ L[d[pk[bWÇ" _dZ_YÂŒ BÂŒf[p" "#2,.-3 1ĹŠ+ ĹŠ(-23(34!(.- +(" "ĹŠ!1# " ĹŠ"#2"#ĹŠ04#ĹŠ ';5#9ĹŠ 24,(¢Ŋ#-ĹŠÄˆÄ’Ä’Ä’Ä“ /1#2("#-!( +#2ĹŠ / 1 ĹŠ#+ĹŠ/#1~.".ĹŠ [nWbYWbZ[ Z[b ckd_Y_f_e ÄĽ 4341.ĹŠ 1#2("#-3#ÄŚ ÄĄ +#5 1ĹŠ +ĹŠ 1#2("#-3#ĹŠ Ŋĸ+ ĹŠ .13#ĹŠ -3#1- !(.- +ĹŠ"#ĚŊ ĹŠ 8 ĹŠ-(ĹŠ2(04(#1 ĹŠ#2ĹŠ24ÄƒÄą Ä‰Ä‡ÄˆÄŠÄąÄ‰Ä‡ÄˆÄ’ĹŠ2#ĹŠ++#Äą YWhWgk[‹e Z[ 9^WYWe$ ÆGk[h_Ze ^[hcWde >[d# 5 1;-ĹŠ ĹŠ! .ĹŠ#+ĹŠ !(#-3#ĢĔŊ2.2345.ĹŠ 11( ĹŠ31 2ĹŠ24 1 8 1ĹŠ04#ĹŠ ';5#9ĹŠ' ĹŠ!.-5#13(".ĹŠ ĹŠ #-#94#+ ĹŠ#-ĹŠ h_gk[" i[h|i [b fhÂŒn_ce ".,(-%.ĹŠÄ?ĹŠ"#ĹŠ 4-ĹŠÄĄ 23 ".ĹŠ$.1 )(".ĢŊ!48.2ĹŠ/1(-!(/ +#2ĹŠ2.!(.2ĹŠÄĄ2.-ĹŠ+ 2ĹŠ, ă 2ĢĔŊ(-!+4(" 2ĹŠ+ ĹŠ"#+ĹŠ .!34 1#ĹŠ"#ĹŠÄ‰Ä‡ÄˆÄ‰Ä“ Fh[i_Z[dj[ $$$ bW Wb_WdpW
.2ĹŠ/1#2("#-!( +#2 - 1!.31;ă!.Ä“ i[ l_[d[ Yecfb[jW W Wfe# 9ed bW Z[Y_i_ÂŒd Z[ BÂŒf[p ';5#9ĹŠ' ĹŠ++#5 ".ĹŠ ĹŠ #-#94#+ ĹŠ ĹŠ04#ĹŠ#23_ĹŠÄĄ5(-!4+ ".ĹŠ ĹŠ+ 2ĹŠ/#.1#2ĹŠ! 42 2ĹŠ"#ĹŠ+ ĹŠ oWhj[ o W ]WdWh [b fhÂŒn_ce -Ç" gk[ZWd [d fk]dW FWXbe Fƒh[p" '4, -(" "ĢĔŊ  "(¢ē Z_`e BÂŒf[p" Wb Wi[]khWh gk[ `kd# ]eX[hdWZeh Z[b [ijWZe Pkb_W" jei fbWdj[Wd [b fheo[Yje Z[ ÆkdW Wb gk[ bWi [dYk[ijWi i_j‘Wd [d XW`WZeh :_[]e 7hh_W o [b [nb‡Z[h X_b_jWY_ÂŒd gk[ f[iW [d ik YedjhW kd_ÂŒd ]hWdZ[Ç fWhW L[d[pk[bW i[]kdZW fei_Y_ÂŒd1 bW Z_fkjWZW _pgk_[hZ_ijW FWXbe C[Z_dW$ [d L[d[pk[bW" Ykoe b[lWdjW# gk[ de fWiW iebe feh kdW l_Yje# CWh‡W 9eh_dW CWY^WZe" [b [n[c# BÂŒf[p h[YedeY_ÂŒ gk[ bW _d^W# c_[dje \k[ ehZ[dWZe feh bW 9eh#
ÄĽ -ĹŠ 23 ".ĹŠ$.1 )(".ÄŚ Ĺ—ĹŠĹŠ
)( ), (ŋ ŋ'#(#-.,)ŋ #'*&# )ŋ )(ŋ( , ) ĔŊ Ŋ ě ;b =eX_[hde l[#
d[pebWde YedZ[YehÂŒ feh ik bW# Xeh [d bW bkY^W YedjhW [b jh|Ă’Ye Z[ Zhe]Wi Wb dk[le c_d_ijhe Z[ :[\[diW" >[dho HWd][b I_blW" W gk_[d bW 7Zc_d_ijhWY_ÂŒd [ijW# Z_d[di[ l_dYkbW Yed bWXeh[i Z[ dWhYejh|Ă’Ye Z[ bWi <7H9$ Æ>eo ^[cei gk[h_Ze ^W# Y[h `kije h[YedeY_c_[dje W bei ^ecXh[i o W bWi ck`[h[i gk[ ^Wd Z[Z_YWZe ik l_ZW [d iWblWh bW YWkiW ^kcWdW" [d WfeoWh [ijW XWjWbbW" gk[ [i bW XWjWbbW feh bW fWjh_WÇ" Z_`e [b c_d_ijhe Z[ ?dj[h_eh" JWh[Ya [b 7_iiWc_" jhWi _cfed[h bW YedZ[YehWY_ÂŒd W HWd][b$ Æ;djh[ bei YedZ[YehWZei Yed bW c|n_cW Z_ij_dY_ÂŒd gk[ [djh[# ]W dk[ijhe =eX_[hde o dk[ijhe fk[Xbe ^W i_Ze [ij[ ]hWd YWcW# hWZW ][d[hWb [d `[\[ >[dho HWd# ][b I_blW" c_d_ijhe Z[b FeZ[h Fe# fkbWh fWhW bW :[\[diW" o Yed ƒb W jeZW bW <k[hpW 7hcWZW DWY_edWb 8eb_lWh_WdWÇ" _dZ_YÂŒ ;b 7_iiWc_$
Ä“ĹŠ 4%.ĹŠ ';5#9ĹŠ8ĹŠ -%#+ĹŠ (+5 Ä–ĹŠ+ ĹŠ,(2, ĹŠ! 42 Ä“ĹŠ
.-ĹŠ+ ĹŠ%4#11(++
;b :[fWhjWc[dje Z[b J[iehe [ijWZekd_Z[di[ WYkiÂŒ W HWd][b I_blW Z[ [ijWh _dlebkYhWZe [d WY# j_l_ZWZ[i Z[ Wi_ij[dY_W [d bWXe# h[i Z[ dWhYejh|Ă’Ye W ]k[hh_bb[hei Z[ bWi <7H9$ ;b 7_iiWc_ Wi[]khÂŒ gk[ Ægk_[# d[i ^eo WYkiWd Yed _d\Wc_WÇ W HWd][b ied Æfh[Y_iWc[dj[ bei leY[hei Z[ bei YWhj[b[i Z[b dWh# Yejh|Ă’Ye o YÂŒcfb_Y[i Z[b \hWYWie
Z[ bWi feb‡j_YWi Wdj_Zhe]Wi Z[ L[d[pk[bWÇ$ BW h[l_ijW YebecX_WdW I[# cWdW" Wi‡ Yece J^[ D[m Oeha J_c[i" J^[ C_Wc_ >[hWbZ o ejhei c[Z_ei Z[b Yedj_d[dj[ Z[dkdY_Whed [ij[ c[i ÆbWpei Z[ Wc_ijWZÇ gk[ ikfk[ijWc[dj[ kd_[hed Wb dk[le c_d_ijhe Yed [b c|n_ce b‡Z[h Z[ bWi <7H9" HeZh_]e BedZe‹e ;Y^[l[hh_" Wb_Wi ĂˆJ_ceY^[daeÉ$
-5#23(% !(¢-
-"(" 3.Ŋ(-' (+(3 ". Ŋ +Ŋ' 23 Ŋ 8#1Ŋ/1#! -"(" 3.Ŋ #./.+".Ŋ ŗ ¢/#9Ŋ$4#Ŋ(-' (+(3 ".Ŋ#-ŊĉććđŊ/ 1 Ŋ
#)#1!#1ĹŠ! 1%.2ĹŠ/ĂŒ +(!.2ĹŠ' 23 ĹŠÄ‰Ä‡ÄˆÄŒĹŠ/.1ĹŠ+ ĹŠ .-31 +.1~ ĹŠ"#+ĹŠ/ ~2Ä“
Ŋ #Ŋ+#Ŋ !42¢Ŋ"#Ŋ24/4#23 2Ŋ(11#%4+ 1(" "#2Ŋ ŗ#-Ŋ1#+ !(¢-Ŋ Ŋ+ Ŋ 2(%- !(¢-Ŋ"#Ŋ4-.2Ŋ$.-".2Ŋ "#Ŋ+ Ŋ/#31.+#1 Ŋ#23 3 +Ŋ "52 Ŋ"41 -3#Ŋ24Ŋ %#23(¢-Ŋ!.,.Ŋ +! +"#Ŋ"#Ŋ ' ! .ē
Ŋ ¢/#9Ŋ"().Ŋ04#Ŋ5 Ŋ Ŋ2#%4(1Ŋ1#!.11(#-".Ŋ ŗ #-#94#+ ĔŊ '.1 Ŋ#-Ŋ$ 5.1Ŋ"#Ŋ+ Ŋ! -"(Ĺ
" 341 Ŋ"#Ŋ /1(+#2ēŊĥ .Ŋ-.Ŋ,#Ŋ04#".Ŋ#-Ŋ 1 ! 2ĔŊ8.Ŋ5.8Ŋ Ŋ2#%4(1Ŋ1#!.11(#-".Ŋ3." Ŋ #-#94#+ ĢĔŊ2# +¢ēŊ
j[ ?dj[hWc[h_YWdW Z[ :[h[Y^ei >kcWdei 9ehj[?:> [d i[f# j_[cXh[" f[iŒ [d ik Z[Y_i_Œd$
ĉ
g ĂĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
ÄŒÄ‡ĹŠ,4#13.2ĹŠ #-ĹŠ.$#-2(5 ĹŠ (1(
Ĺ—ĹŠ ĹŠĹŠ ĹŠ ĔŊ ŊěŊ7b c[dei *& Y_l_b[i f[h[Y_[hed Wo[h [d I_# h_W [d kdW iWd]h_[djW e\[di_lW Z[ bWi \k[hpWi b[Wb[i Wb hƒ]_# c[d Z[ 8WY^Wh Wb 7iWZ YedjhW bei XWij_ed[i efei_jeh[i Z[ >eci o >WcW" [d [b Y[djhe Z[b fW‡i" i[]‘d kd ]hkfe Z[ bW efei_Y_ÂŒd i_h_W$ Bei 9ec_jƒi Z[ 9eehZ_dWY_ÂŒd BeYWb 99B _d\ehcWhed Z[ bW ck[hj[ Z[ )( f[hiedWi [d >eci" YkWjhe [d >WcW" Zei [d bW fhel_dY_W deheYY_Z[djWb Z[ ?Zb[X" kdW [d :WcWiYe o Z[ kdW ‘bj_cW [d bW beYWb_ZWZ Yeij[hW Z[ HWgW$
/ 0)ŋ$/# #)ŋ ŋ &. - ,ŋ ,4š( -2¢+(3.ĖŊ +Ŋ!_+# 1#Ŋ)4#9Ŋ#2/  .+Ŋ2#Ŋ+#Ŋ !42 Ŋ '.1 Ŋ/.1Ŋ(-5#23(% 1Ŋ!1~,#-#2Ŋ "#+Ŋ$1 -04(2,.ē ĔŊ ŊIJ ŊěŊ;b `k_Y_e W 8Wb#
jWiWh =WhpŒd feh ^WX[hi[ Z[YbW# hWZe Yecf[j[dj[ fWhW _dl[ij_# ]Wh bei Yh‡c[d[i Z[b \hWdgk_ice Yec[dpŒ Wo[h [d [b Jh_XkdWb Ikfh[ce [ifW‹eb" XW`e bW Wj[d# jW c_hWZW Z[ h[fh[i[djWdj[i Z[ WieY_WY_ed[i Z[ Z[h[Y^ei ^kcW# dei o `kh_ijWi _dj[hdWY_edWb[i$ =WhpŒd" [b `k[p [ifW‹eb c|i YedeY_Ze _dj[hdWY_edWbc[dj[ Z[ifkƒi Z[ gk[ [d '//. ehZ[dWhW bW Z[j[dY_Œd Z[b Z_YjWZeh Y^_b[de 7k]kije F_deY^[j" i[ [d\h[djW W kdW f[j_Y_Œd Z[ (& W‹ei Z[ _d^W# X_b_jWY_Œd" jhWi i[h `kp]WZe bW i[# cWdW fWiWZW [d bW c_icW Yehj[ feh ehZ[dWh [iYkY^Wi [d kd YWie Z[ YehhkfY_Œd$ 7 ik bb[]WZW Wb Jh_XkdWb Ik# fh[ce" [b cW]_ijhWZe \k[ h[Y_# X_Ze feh bei WfbWkiei" l‡jeh[i o ]h_jei Z[ Wfeoe Z[ Z[Y[dWi Z[ i_cfWj_pWdj[i Yed]h[]WZei \h[d# j[ W bW Yehj[ fWhW fhej[ijWh feh [b fheY[ie$
.+(" 1(" "
ÆL[hZWZ" `kij_Y_W" h[fWhWY_ÂŒd$ D_ ebl_Ze d_ f[hZÂŒdÇ" ÆJ[d[cei c[ceh_W" gk[h[cei `kij_Y_WÇ"
31.2Ŋ".2Ŋ! 2.2 ŊŊ 19¢-Ŋ3(#-#Ŋ/#-"(#-3#2Ŋ!.-31 Ŋ_+Ŋ ŗ.31.2Ŋ".2Ŋ! 2.2Ŋ/.1Ŋĥ/1#5 1(! !(¢-ĢĔŊ
#2Ŋ"#!(1Ŋ/.1Ŋ3., 1Ŋ4- Ŋ"#!(2(¢-Ŋ (-)423 Ŋ Ŋ2 (#-" 2ĔŊ+.Ŋ04#Ŋ' Ŋ++#5 ".Ŋ Ŋ242Ŋ/ 13(" 1(.2Ŋ Ŋ"#-4-!( 1Ŋ4- Ŋ , -(. 1 Ŋ/.+~3(! Ŋ!.-31 Ŋ4-Ŋ)4#9Ŋ !48 2Ŋ(-5#23(% !(.-#2Ŋ+#Ŋ' -Ŋ% - ".Ŋ Ŋ+.Ŋ+ 1%.Ŋ"#Ŋ+.2Ŋ  .2Ŋ,;2Ŋ"#Ŋ4-Ŋ #-#,(%.ē
Æ>Wo gk[ `kp]Wh Wb \hWdgk_ice Yh_c_dWbÇ e Æ=WhpÂŒd" Wc_]e" [b fk[Xbe [ij| Yedj_]eÇ [hWd Wb]k# dWi Z[ bWi Yedi_]dWi gk[ Yeh[W# XWd bei YedY[djhWZei$ ;b fheY[ie [i i[]k_Ze [d bW iWbW feh h[fh[i[djWdj[i Z[ 7c# d_ij‡W ?dj[hdWY_edWb" >kcWd H_]^ji MWjY^ o bW 9ec_i_ÂŒd ?dj[hdWY_edWb Z[ @kh_ijWi" gk[ fWhj_Y_fWd Yece ÆeXi[hlWZe# h[iÇ fehgk[ Yh[[d gk[ bW Z[Y_# i_ÂŒd Z[b Ikfh[ce _dY_Z_h| ieXh[ ejhei fheY[iei h[bWY_edWZei Yed bW f[hi[YkY_ÂŒd Z[ Z[b_jei Z[ `k# h_iZ_YY_ÂŒd kd_l[hiWb" [d bW gk[ ;ifW‹W \k[ f_ed[hW ]hWY_Wi W =WhpÂŒd$
2!(#-"#-ĹŠ ĹŠÄˆÄ?ĹŠ+.2ĹŠ $ ++#!(".2ĹŠ#-ĹŠ!14!#1.
Ĺ—ĹŠ ĹŠĹŠ ĔŊ š BW Y_\hW Z[ l‡Y# j_cWi cehjWb[i Z[b dWk\hW]_e Z[b YhkY[he Ăˆ9eijW 9edYehZ_WÉ [b ') Z[ [d[he \h[dj[ W bW _ibW _jWb_WdW Z[ =_]b_e i[ [b[lÂŒ Wo[h W '," Z[ifkƒi Z[ gk[ bei Xkpei gk[ _dj[hl_[d[d [d bWi jWh[Wi Z[ X‘igk[ZW Z[ bei Z[iWfWh[# Y_Zei [dYedjhWhWd kd dk[le YWZ|l[h" [d [ij[ YWie Z[ kdW ck`[h WdY_WdW$ ;b Yk[hfe \k[ ^WbbWZe [d [b fk[dj[ d‘c[he ) Z[b XWhYe" fhef_[ZWZ Z[ bW dWl_[hW 9eijW 9hkY[hei o gk[ i_]k[ [dYW# bbWZe [d W]kWi Z[ =_]b_e W bW [if[hW Z[ gk[ i[ [cf_[Y[d W lWY_Wh bWi ($).& jed[bWZWi Z[ YWhXkhWdj[ gk[ Yedj_[d[$
.1 +#2ĔŊļ"_ (+ÄŚĹŠ -3#ĹŠ#+ĹŠ - 1!.31;ă!.
Ĺ—ĹŠĹŠĹŠ
ĹŠ ĔŊ ŊěŊ;b .( Z[ bei Xeb_l_Wdei l[ ÆZƒX_bÇ YedjhW [b dWhYejh|Ă’Ye W ik fh[i_Z[dj[" ;le CehWb[i" o iebe [b '* be Yh[[ Æ\k[hj[Ç" i[]‘d kdW [dYk[ijW fkXb_YWZW Wo[h feh [b Z_Wh_e F|]_dW I_[j[$ ;b c_ice iedZ[e" [bWXehWZe feh bW Ă’hcW ?fiei" _dZ_YW gk[ [b +( Z[ bei [dYk[ijWZei Yh[[ gk[ 8eb_l_W Z[X[ Yeef[# hWh Yed ;ijWZei Kd_Zei [d bW bkY^W Wdj_dWhYÂŒj_Yei o kd *' Yh[[ d[Y[iWh_e be c_ice Yed 8hWi_b$
ēŊ (#-3.2Ŋ"#Ŋ/#12.- 2ĔŊ#-31#Ŋ#++.2Ŋ,4!'.2Ŋ$ ,(+( 1#2Ŋ"#Ŋ+ 2Ŋ5~!3(, 2Ŋ"#+Ŋ $1 -04(2,.ĔŊ2#Ŋ!.-!#-31 1.-Ŋ#-Ŋ+ Ŋ! ++#Ŋ/ 1 Ŋ, -($#23 1Ŋ24Ŋ1#!' 9.Ŋ/.1Ŋ4-Ŋ/1.Ĺ !#2.Ŋ04#Ŋ"#-4-!( -Ŋ!.,.Ŋĥ(-)423.ĢēŊ +#5 1.-Ŋ4-Ŋ3~3#1#Ŋ1#/1#2#-3 -".Ŋ +Ŋ%#-#1 +Ŋ 1 -!(2!.Ŋ 1 -!.ēŊ
6OB HSBO FYQMPTJĂ˜O TPMBS &O RVĂ? DPOTJTUF
4 0 -
&M 4PM FT VOB HJHBOUFTDB DFOUSBM EF GVTJĂ˜O OVDMFBS 0OEBT FNJUJEBT
-B MJCFSBDJĂ˜O EF HSBOEFT DBOUJEBEFT EF FOFSHĂ“B QSPWPDB EJWFSTPT GFOĂ˜ NFOPT FYQMPTJWPT FO MB TVQFSmDJF TPMBS 4F EFOPNJOBO UPSNFOUBT TPMBSFT P HFPNBHOĂ?UJDBT 5*&33" -PT TJTUFNBT CBTBEPT FO MB FMFDUSJDJEBE MPT TBUĂ?MJUFT P MBT DPNVOJDBDJPOFT QVFEFO EFKBS EF GVODJPOBS
&GFDUPT FO MB UJFSSB
$IPDBO DPO MB JPOĂ˜T GFSB MB NBH OFUĂ˜TGFSB EF MB 5JFSSB
%BĂ—PT DPODSFUPT
4F BGFDUBO MPT DBCMFT EF UFMFDPNV OJDBDJĂ˜O UFNBT EF TFĂ—BMJ[BDJĂ˜O UF SSFTUSF P MPT EF DPNVOJDBDJPOFT Z OBWFHBDJPOFT DPNP FM (14 P MBT POEBT EF SBEJP Z UFMFWJTJĂ˜O -PT TB UĂ?MJUFT MPT UFMĂ?GPOPT NĂ˜WJMFT FUD &MBCPSBDJĂ˜O -" )03"
ēŊ #23(".Ŋ!.-Ŋ3.% Ŋ8Ŋ, -% 2Ŋ"#Ŋ#-! )#Ŋ + -! 2ĔŊ#+Ŋ, %(231 ".Ŋ#2/ Ĺ  .+Ŋ"41 -3#Ŋ+ Ŋ 4"(#-!( Ŋ"#Ŋ 8#1ēŊ
ÄĽ 4#1#,.2ĹŠ)423(!( ÄŚ
X_Ze feh lWh_ei Z[ iki Yeb[]Wi CkdZ_Wbc[dj[ YedeY_Ze feh bW `k[Y[i" h[kd_Zei fWhW [nfh[iWhb[ Z[j[dY_ÂŒd Z[b [nZ_YjWZeh Y^_b[# ik Wfeoe$ de 7k]kije F_deY^[j [d '//. [d BedZh[i" =WhpÂŒd" Z[ +, +ĹŠ,4-".ĹŠ +ĹŠ1#5_2 W‹ei" \k[ Z[cWdZWZe Wdj[ ĹŠ Ck[ijhW Z[ bW [nf[YjWj_lW [b Jh_XkdWb Ikfh[ce [ifW# gk[ ][d[hW [ij[ YWie" [i gk[ Z[Y[dWi Z[ f[h_eZ_ijWi" ‹eb feh Zei WieY_WY_ed[i Z[ +ĹŠ!.-.!(".ĹŠ)4#9ĹŠ ckY^ei Z[ [bbei [njhWd`[# kbjhWZ[h[Y^W [ifW‹ebWi$ /."1~ ĹŠ $1.-3 1ĹŠ Be WYkiWd Z[ ^WX[h 4- ĹŠ/#- ĹŠ"#ĹŠ hei" i[]k‡Wd [d Z_h[Yje kd lkbd[hWZe kdW b[o Z[ Wc# ' 23 ŊĉćŊ  .2ĹŠ"#ĹŠ fheY[ie fWhW [b gk[ lWh_Wi /1(2(¢-ĹŠ/.1ĹŠ eh]Wd_pWY_ed[i Z[ Z[\[diW d_ij‡W Z[ '/-- feh ^WX[hi[ /1#5 1(! 3.Ä“ Z[ bei Z[h[Y^ei ^kcWdei Z[YbWhWZe Yecf[j[dj[ [d i[ WYh[Z_jWhed Yece eXi[h# (&&. fWhW _dl[ij_]Wh kdWi ''*$&&& ÆZ[iWfWh_Y_ed[i \ehpeiWiÇ lWZeh[i _dj[hdWY_edWb[i$ eYkhh_ZWi ZkhWdj[ bW =k[hhW 9_l_b Æ;b YWie =WhpÂŒd [i bW fh_c[# [ifW‹ebW '/),#)/ o bW Z_YjWZkhW hW l[p [d kdW Z[ceYhWY_W Yed# \hWdgk_ijW '/)/#-+ $ ieb_ZWZW" o bW fh_c[hW l[p [d bW BW i[cWdW fWiWZW" =WhpÂŒd oW Kd_ÂŒd ;khef[W" gk[ i[ fheY[iW W \k[ `kp]WZe feh [ij[ c_ice jh_# kd `k[p feh _dl[ij_]Wh Yh‡c[d[i XkdWb feh ^WX[h ehZ[dWZe fh[# YedjhW bei Z[h[Y^ei ^kcWdeiÇ" ikdjWi [iYkY^Wi _b[]Wb[i [d kd i[‹WbÂŒ [b [ijWZekd_Z[di[ H[[Z YWie Z[ YehhkfY_ÂŒd gk[ _cfb_YW 8heZo" Yedi[`[he `kh‡Z_Ye Z[ bW W bW Z[h[Y^W [ifW‹ebW" \k[ h[Y_# ED= >kcWd H_]^ji MWjY^$
& Ĺ‹ Ĺ‹, # #š(Ĺ‹*),Ĺ‹ .),' (. Ĺ‹-)& ,Ĺ‹- Ĺ‹ , ĔŊ ŊěŊ;d c[Z_e Z[ bW j[cfehWZW Z[ jehc[djWi iebWh[i c|i _dj[diW Z[iZ[ i[fj_[cXh[ Z[ (&&+" bei Y_[dj‡ÒYei _dZ_YW# hed Wo[h gk[ ejhW bbWcWhWZW Z[b Wijhe [dl_Wh| hWZ_WY_ed[i W bW J_[hhW ^WijW ^eo$ BW 7Zc_d_ijhWY_ÂŒd DWY_edWb Z[ bei EYƒWdei o bW 7jcÂŒi\[hW DeWW Z[ ;ijWZei Kd_Zei _dZ_YÂŒ gk[ ik 9[djhe Z[ FhedÂŒij_Yei Z[ 9b_cW ;ifWY_Wb" [d 9ebehWZe" eX# i[hlÂŒ bW [hkfY_ÂŒd iebWh$ BW hWZ_WY_ÂŒd Yec[dpÂŒ W bb[]Wh W bW J_[hhW o Yedj_dkWh| ^WijW ^eo$ ;b YWcfe cW]dƒj_Ye Z[ bW J_[hhW oW [ij| W\[YjWZe feh kdW [o[YY_ÂŒd Z[ cWiW Z[ bW YehedW
iebWh" Z[ifkƒi Z[ kdW [hkfY_ÂŒd eYkhh_ZW [d bW ikf[hĂ’Y_[ Z[b Ieb [b `k[l[i '/ Z[ [d[he" i[]‘d bei WijhÂŒdecei$ BW W][dY_W ]kX[hdWc[djWb _d# Z_YÂŒ gk[ bW jehc[djW YeXhW \k[h# pW o gk[ kdW eb[WZW Z[ hWZ_WY_ÂŒd i[ Z_h_][ h|f_ZWc[dj[ W bW J_[hhW$ Æ:[X_Ze W [ij[ \[dÂŒc[de [i YWi_ i[]khe gk[ ^WXh| kdW jehc[djW ][ecW]dƒj_YWÇ" i[‹WbÂŒ kd Yeck# d_YWZe Z[ bW DeWW$ ;b fheXb[cW fh_dY_fWb Z[ [ijW hWZ_WY_ÂŒd [i bW _dj[h\[h[dY_W Yed [b \kdY_edWc_[dje Z[ bei iWjƒb_# j[i o [i kd _dYedl[d_[dj[ [d fWh# j_YkbWh fWhW bei WijhedWkjWi [d [b [ifWY_e$
&Ĺ‹(# )Ĺ‹'6-Ĺ‹ (.#!/)Ĺ‹ Ĺ‹ "/ 0)-Ĺ‹ Ĺ‹ #()- /,#)
.2ĹŠ(-5#23(% ".1#2ĹŠ/1#24,#-ĹŠ04#ĹŠ#2ĹŠ ÄˆÄ‡Ä‡ĹŠ,(++.-#2ĹŠ"#ĹŠ  .2ĹŠ,;2ĹŠ5(#).ĹŠ04#ĹŠ .31.2ĹŠ04#ĹŠ2#ĹŠ' 8 -ĹŠ"#2!4 (#13.Ä“ š Bei Z_deiWkh_ei gk[ l_l_[#
hed ^WY[ '/& c_bbed[i Z[ W‹ei j[d‡Wd YecfehjWc_[djei cWj[h# dWb[i i_c_bWh[i W bei Z[ bWi Wl[i o Z[ bei h[fj_b[i ceZ[hdei" i[]‘d kd dk[le [ijkZ_e$ Kd [gk_fe _dj[hdWY_edWb Z[ Y_[dj‡ÒYei" b_Z[hWZe feh [b fW# b[edjÂŒbe]e YWdWZ_[di[ HeX[hj H[_ip" Z[ bW Kd_l[hi_ZWZ Z[ Je# hedje" bb[]ÂŒ W [iW YedYbki_ÂŒd
$%
bk[]e Z[ [dYedjhWh [b d_Ze c|i Wdj_]ke Z[ ^k[lei Z[ Z_deiWk# h_e Z[iYkX_[hje ^WijW W^ehW" [d [b FWhgk[ DWY_edWb =ebZ[d =Wj[ >_]^bWdZi" [d IkZ|\h_YW$ ;b d_Ze [i '&& c_bbed[i Z[ W‹ei c|i Wd# j_]ke gk[ bei [dYedjhWZei Wdj[# h_ehc[dj[" YedijWjWd$ #3 ++#2Ŋ"#+Ŋ' ++ 9%.
ÆJ[d[cei [l_Z[dY_W de iebe Z[
g ĂĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
ÄŠ
ēŊ .2Ŋļ # _2ČŊ(-(!( -Ŋ24Ŋ5(" Ŋ#-Ŋ!4 31.Ŋ/ 3 2Ŋ -3#2Ŋ"#Ŋ2#1Ŋ ~/#".2ĔŊ +Ŋ(%4 +Ŋ04#Ŋ+.2Ŋ2#1#2Ŋ'4, -.2ē
gk[ [b oWY_c_[dje [i [b Y[djhe Z[ d_Zei Z[ Z_deiWkh_e c|i Wdj_# ]ke Z[b ckdZe i_de [b Y[djhe Z[ d_Zei c|i Wdj_]ke Z[ YkWbgk_[h l[hj[XhWZe j[hh[ijh[Ç" i[‹WbÂŒ H[_ip ZkhWdj[ kdW fh[i[djWY_ÂŒd [d [b Cki[e H[Wb Z[ EdjWh_e [d Jehedje$ Bei ^k[lei \ei_b_pWZei ied Z[ Z_deiWkh_ei CWiieifedZobki" Z[b ]h_[]e CWiied" c|i bWh]e" o IfedZobki" lƒhj[XhW" kdW [if[# Y_[ gk[ l_l_ÂŒ [d [b F[h‡eZe @kh|# i_Ye j[cfhWde$
Bei Y_[dj‡ÒYei ^WbbWhed Wb c[# dei '& d_Zei$ 9WZW kde Yedj[d‡W ^WijW )* ^k[lei cko fhÂŒn_cei kdei Z[ ejhei$ BW Z_ijh_XkY_ÂŒd Z[ bei d_Zei _dZ_YW gk[ bei Z_deiWkh_ei h[# ]h[iWhed [d h[f[j_ZWi eYWi_ed[i W fed[h iki ^k[lei [d [b c_i# ce bk]Wh o fheXWXb[c[dj[ i[ h[kd_[hed [d ]hkfei e Yebed_Wi fWhW ^WY[hbe$ I[ jhWjW Z[ bei hWijhei \ÂŒi_b[i c|i W‹[`ei Z[ kd YecfehjW# c_[dje Z[ [ij[ j_fe$
1"#- ".2 Ŋ +Ŋ%1 -Ŋ3 ,  .Ŋ"#Ŋ+ Ŋ, "1#ĔŊ!.-Ŋ ŗ4-.2Ŋ2#(2Ŋ,#31.2Ŋ"#Ŋ+.-%(34"ĔŊ8Ŋ+ 2Ŋ
/#04# 2Ŋ"(,#-2(.-#2Ŋ"#Ŋ+.2Ŋ'4#Ĺ 5.2Ŋ#-31#Ŋ2#(2Ŋ8Ŋ2(#3#Ŋ!#-3~,#31.2Ŋ "#Ŋ"(;,#31.ĔŊ 2~Ŋ!.,.Ŋ+ Ŋ"(231( 4Ĺ !(¢-Ŋ#-Ŋ+.2Ŋ-(".2ĔŊ,4#231 -Ŋ04#Ŋ + 2Ŋ, "1#2Ŋ"# #-Ŋ' #1Ŋ.1"#- ".Ŋ !4(" ".2 ,#-3#Ŋ+.2Ŋ'4#5.2ēŊ .".2Ŋ #23;-Ŋ"(2/4#23.2Ŋ#-Ŋ4- Ŋ2.+ Ŋ! / ĔŊ +%.Ŋ04#Ŋ' !#-Ŋ+ 2Ŋ 5#2ĔŊ/#1.Ŋ#23.2Ŋ "(-.2 41(.2Ŋ-.Ŋ2#Ŋ2#-3 -Ŋ#-!(, ē
Ä Ä€
Ä“ĹŠ ĹŠ !31(9ĹŠ
#--($#1ĹŠ 61#-!#Ŋĸ(ĚŊ8ĹŠ#+ĹŠ /1#2("#-3#ĹŠ"#ĹŠ+ ĹŠ ! "#,( ĔŊ .,ĹŠ '#1 *ĔŊ -4-!( -ĹŠ+.2ĹŠ ! -"(" 3.2ĹŠ ĹŠ #).1ĹŠ/#+~!4+ ĹŠ "#ĹŠ+ ĹŠÄ‘ÄŒĹŠ#"(!(¢-ĹŠ"#ĹŠ+.2ĹŠ /1#,(.2ĹŠÂĄ2! 1Ä“
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
g Ĺ?ĂĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ?Ĺ?
ĹŠ ! "#,( ĹŠ8 ĹŠ 3(#-#ĹŠ242ĹŠ-.,(- ".2 ĹŠ ÂĄ
ĹŠ
23#Ŋ  .Ŋ".2Ŋ!(-3 2Ŋ #-! #9 -Ŋ+ 2Ŋ-.,(Ĺ - !(.-#2ĖŊļ 4%.ČŊ"#Ŋ !.12#2#ĔŊ8Ŋļ '#Ŋ 1Ĺ 3(23ČĔŊ"#Ŋ 9 - 5(!(42ē
IYehi[i[ o >WpWdWl_Y_ki bkY^Wh|d feh bW [ijWjk_bbW ZehWZW Wb C[`eh Z_# h[Yjeh `kdje W 7b[nWdZ[h FWod[ ĂˆJ^[ Z[iY[dZWdjiÉ " J[hh[dY[ CWb_Ya ĂˆJ^[ jh[[ e\ b_\[É o MeeZo 7bb[d ĂˆC_Zd_]^j _d FWh_iÉ $ (2/ -.2ĹŠ#-ĹŠ+ 2ĹŠ-.,(- !(.-#2
BW fh[i[dY_W ^_ifWdW [d bW ]hWd Y[# h[ced_W Z[b Y_d[ bW b_Z[hW [b c[n_# fb[jWc[dj[ Z_ij_djei W bW ^_ijeh_W Z[b YWde :[c_|d 8_Y^_h Ăˆ7 X[jj[h b_\[É " Y_d[ Yece Ăˆ>k]eÉ" [b fh_c[h Ă’bc[ [d YWdZ_ZWje W C[`eh WYjeh \h[dj[ W ): Z[ CWhj_d IYehi[i[" o ĂˆJ^[ Whj_ijÉ" =[eh][ 9beed[o ĂˆJ^[ Z[iY[dZWdjiÉ " Y_djW ckZW o [d XbWdYe o d[]he Z[ 8hWZ F_jj ĂˆCed[oXWbbÉ " =Who EbZ# C_Y^[b >WpWdWl_Y_ki" ied bWi fh_dY_# cWd Ăˆ;b jefeÉ o :k`WhZ_d$ I[ jhWjW fWb[i Yedj[dZ_[dj[i W bW .* [Z_Y_ÂŒd Z[ Z[ bW fh_c[hW YWdZ_ZWjkhW Wb âiYWh bei âiYWh$ fWhW 8_Y^_h" Z[ *. W‹ei" gk_[d jWcX_ƒd efjW W bei fh[c_ei ĹŠ Z[b Y_d[ _dZ[f[dZ_[dj[ If_h_j
.2ĹŠ%1 -"#2ĹŠ-.,(- ".2 7mWhZi [b (+ Z[ \[Xh[he o W I[]‘d WdkdY_ÂŒ bW 7YWZ[c_W bei gk[ YedY[Z[ [b I_dZ_YWje Z[ Z[ bWi 7hj[i o bWi 9_[dY_Wi 9_# .2ĹŠ/1#,(.2ĹŠ ÂĄ2! 1ĹŠ2#ĹŠ#-31#Äą 7Yjeh[i Z[ ;ijWZei Kd_Zei [b d[cWje]h|Ă’YWi Z[ >ebbomeeZ" % 1;-ĹŠ#-ĹŠ4- ĹŠ (/ Z[ [d[he$ Ăˆ>k]eÉ" kd jh_Xkje Wb Y_d[WijW % + ĹŠ04#ĹŠ2#ĹŠ!#+#Äą 1 1;ĹŠ#-ĹŠ#+ĹŠ3# 31.ĹŠ 7i_c_ice bW Wh][dj_dW 8ƒhƒ# =[eh][ Cƒb_[i Z_i\hWpWZe Z[ ." *ĹŠ"#ĹŠ .2ĹŠ Wl[djkhW _d\Wdj_b" be]hÂŒ '' de# :-%#+#2ĔŊ#+ĹŠ d_Y[ 8[`e ĂˆJ^[ Whj_ijÉ bkY^Wh| /1¢7(,.ŊĉÄ?ĹŠ"#ĹŠ feh [b âiYWh W bW C[`eh WYjh_p c_dWY_ed[i" [djh[ [bbWi bWi Z[ $# 1#1.Ä“ C[`eh f[b‡YkbW" Z_h[Yjeh" ]k_ed Z[ h[fWhje" YWj[]eh‡W ZedZ[ i[ l[h| bWi YWhWi Yed EYjWl_W If[d# WZWfjWZe" Z_h[YY_ÂŒd Whj‡ij_YW o C[`eh \eje]hW\‡W$ Y[h ĂˆJ^[ ^[bfÉ " @Wd[j CYJ[[h Ăˆ7bX[hj Ik ]hWd h_lWb i[h| bW eZW Wb Y_d[ DeXXiÉ " C[b_iiW CY9Whj^o Ăˆ8h_Z[i# ckZe ĂˆJ^[ Whj_ijÉ" Yed '& YWdZ_ZW# cW_ZiÉ o @[ii_YW 9^WijW_d ĂˆJ^[ ^[bfÉ $ 8[`e" dWY_ZW [d 8k[dei 7_h[i" ZW jkhWi" [djh[ bWi gk[ i[ Yk[djWd bWi Z[ C[`eh f[b‡YkbW" C[`eh Z_h[Yjeh" C[`eh l_ZW [d [b Ă’bc[ W kdW Z_lW i_b[dj[ Wb [i# WYjeh" C[`eh WYjh_p Z[ h[fWhje o C[# j_be Z[ =beh_W ImWdied" kd f[hiedW`[ `eh Z_h[YY_ÂŒd Whj‡ij_YW$ 7cXWi Y_djWi Z_i[‹WZe feh ik cWh_Ze" [b h[Wb_pWZeh i[ Z_ifkjWh|d [b c|n_ce ]WbWhZÂŒd" [b \hWdYƒi C_Y^[b >WpWdWl_Y_ki$ Z[ C[`eh f[b‡YkbW" Yed ĂˆJ^[ Z[iY[d# ;b Yecfei_jeh [ifW‹eb 7bX[hje ?]b[# ZWdjiÉ" ĂˆMWh ^ehi[É" ĂˆCed[oXWbbÉ" ĂˆJ^[ i_Wi \k[ [iYe]_Ze [d bW YWj[]eh‡W Z[ c[# jh[[ e\ b_\[É" ĂˆC_Zd_]^j _d FWh_iÉ" ĂˆJ^[ `eh XWdZW iedehW eh_]_dWb feh ik jhWXW# ^[bfÉ o Ăˆ;njh[c[bo bekZ WdZ _dYh[Z_# `e [d bW f[b‡YkbW Z[ [if_edW`[ ĂˆJ_da[h jW_beh iebZ_[h ifoÉ$ Xbo Ybei[É$
Ŋ: ĔŊ Ŋě :ei ^ec[dW`[i Yec#
ĹŠ
ĹŠ ĹŠ ĹŠ
ĹŠ
ĹŠ ĹŠ (1#ĹŠ+ ĹŠ+(23 ĹŠ!.,/+#3 ĹŠ"#ĹŠ 2/(1 -3#2ĹŠ ĹŠ+ ĹŠ#23 34(++ ĹŠ#-Ä–ĹŠ 666Ä“+ '.1 Ä“!.,Ä“#!
. +#ĹŠ#231#-.
Ĺ—ĹŠ ĹŠĹŠ;b c[h[d# ]k[he fk[h#
jehh_gk[‹e ;bl_i 9h[ife fh[fWhW [b bWdpWc_[dje Z[ ik dk[le Z_iYe" ĂˆBei Cedij[hiÉ" W bW l[p gk[ [if[hW bW bb[]WZW Z[ ik gk_dje ^_`e" kdW d_‹W gk[" Wi[]khW" ÆiWbZh| c[h[d]k[hWÇ$
.2ĹŠ !3.1#2
De ^kXe iehfh[iWi [d [b YWcfe Z[ij_dWZe W C[`eh WYjh_p" [d bW gk[ C[hob Ijh[[f ĂˆJ^[ _hed bWZoÉ h[Y_X_ÂŒ ik Z[Y_ceiƒfj_# cW dec_dWY_ÂŒd o fWhj[ Yece \W# leh_jW \h[dj[ W =b[dd 9bei[ Ăˆ7b# X[hj DeXXiÉ " L_ebW :Wl_i ĂˆJ^[ ^[bfÉ " Heed[o CWhW ĂˆJ^[ ]_hb m_j^ j^[ ZhW]ed jWjjeeÉ o C_# Y^[bb[ M_bb_Wci ĂˆCo m[[a m_j^ CWh_bodÉ $ Bei fhedÂŒij_Yei jWcX_ƒd i[ Ykcfb_[hed [djh[ bei dec_dW# Zei Wb C[`eh WYjeh Z[ h[fWhje$ 9^h_ijef^[h Fbkcc[h Ăˆ8[# ]_dd[hiÉ [i [b ]hWd \Wleh_je feh Z[bWdj[ Z[ A[dd[j^ 8hWdW# ]^ ĂˆCo m[[a m_j^ CWh_bodÉ " @edW^ >_bb ĂˆCed[oXWbbÉ " D_Ya Debj[ ĂˆMWhh_ehÉ o CWn Led I_# Zem Ăˆ;njh[c[bo bekZ WdZ _dYh[# Z_Xbo Ybei[É $
.ĹŠ$4#1.-ĹŠ 3., ".2ĹŠ#-ĹŠ!4#-3 Ĺ—ĹŠĹŠ .1/1#-"(¢Ŋ04#ĹŠÄĽ Ä“ĹŠ "% 1ČĔŊ#+ĹŠÄƒ+,#ĹŠ"#ĹŠ +(-3ĹŠ 236.."ĔŊ-.ĹŠ. 345(#1 ĹŠ-(-%4- ĹŠ-.,(Äą
- !(¢-ĔŊ-(Ŋ2(04(#1 Ŋ+ Ŋ,48Ŋ#2/#1 " Ŋ/ 1 Ŋ
#.- 1".Ŋ ( /1(.ĔŊ +Ŋ(%4 +Ŋ04#Ŋ+ Ŋ!.,#"( Ŋ ļ 1("#2, ("2ČŊ+.%1 1 Ŋ,#3#12#Ŋ#-31#Ŋ+ 2Ŋ 2/(1 -3#2Ŋ Ŋ #).1Ŋ%4(.-Ŋ.1(%(- +ĔŊ)4-3.Ŋ Ŋ ļ '#Ŋ 13(23ČĔŊļ 1%(-Ŋ ++ČĔŊļ ("-(%'3Ŋ(-Ŋ 1(2ČŊ8Ŋ + Ŋ(1 -~Ŋļ Ŋ2#/ 1 3(.-Čē +Ŋ -4-!(.Ŋ"#Ŋ+ 2Ŋ! -"(" 341 2Ŋ345.Ŋ+4% 1Ŋ "#2"#Ŋ#+Ŋ # 31.Ŋ ,4#+Ŋ .+"68-ĔŊ"#Ŋ #5#1+8Ŋ (++2ēŊ .,Ŋ '#1 *ĔŊ/1#2("#-3#Ŋ"#Ŋ+ Ŋ ! "#Ĺ ,( ĔŊ8Ŋ+ Ŋ !31(9Ŋ #--($#1Ŋ 61#-!#Ŋ$4#1.-Ŋ+.2Ŋ #-! 1% ".2Ŋ"#Ŋ"#25#+ 1Ŋ+.2Ŋ-.,(- ".2ē
.+(" 1(
ĹŠ
l[djW [d [8Wo ik HWd][ Hel[h (&&- fWhW h[YWkZWh \edZei Yed cej_le Z[b Wd_l[hiWh_e Z[b j[hh[ceje Z[ >W_j‡" feh be gk[ ZWh| jeZe be gk[ h[YWkZ[ W bW Eh]Wd_pWY_Œd 7okZW W [ij[ fW‡i$
ĹŠ: ĹŠÄ› BW YWdjWd#
Ĺ—ĹŠ ĹŠĹŠBW ceZ[be o WYjh_p FWc[# bW 7dZ[hied ^W fk[ije W bW
#11¢Ŋ24Ŋ 6(33#1
- ,.1 ".
Ĺ—ĹŠ ĹŠĹŠ9h_ij_Wd 9Wijhe feZh‡W [ijWh [dWcehWZe dk[lWc[dj[$ I[# ]‘d fkXb_YÂŒ [b YWdjWdj[ [d ik Yk[djW Z[ Jm_jj[h ÆoW ^Wo kdW ck`[h gk[ b[ heXW [b ik[‹eÇ$ ;b dk[le Wceh Z[b ^_`e Z[ L[# hÂŒd_YW 9Wijhe i[ bbWcW Beh[dW M[bbi o [i ceZ[be$ ĹŠ
j[ Wi[]khW gk[ oW [ij| YWdiWZW Z[ bei fhe# Xb[cWi gk[ b[ YWkiW [b Jm_jj[h o dk[lWc[dj[ ^W Z[Y_Z_Ze Y[hhWh ik Yk[djW j[cfehWbc[dj[$ ÆJm_jj[h Xh[Wa$ ;i fWhW c[`eh$ :[ jeZei ceZei" Âľgk_ƒd c[ eXb_]W W j[d[h [ijW YeiW5 ÂśIebe c[ c[je [d fheXb[cWi Ç" [iYh_X_ÂŒ bW [ijh[bbW$ ÂĄ
Ĺ?Ĺ?Ĺ?Ĺ? 4%4#,.2ĹŠ#-ĹŠ#+ĹŠ .204#Ä“Ä“Ä“ -252%$ 3(52 12 0$ 7$
Ä Ä
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
g Ĺ?ĂĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ?Ĺ?
ĹŠ ĹŠĹŠĹŠĹŠĹŠ ĹŠ ĹŠ ĹŠ ĹŠ
7^ehW ^WijW bei Y^_ij[i bei ^WY[ [b Z[i]eX_[hde$ Feh [`[cfbe0 Be Z[ gk[ Yed bW [gk_ZWZ Z[ ]ƒd[he be gk[ i[ ^W c[`ehWZe [i bW \WhhW o Z[ gk[ i[ b[i Z[X[d [b[lWh bei ik[bZei W bWi WiWcXb[‡ijWi fWhW gk[ i[ fed]Wd \WbZWi c|i bWh]Wi ^W i_Ze Y^_ij[ fh[i_Z[dY_Wb o [i# f[ie$ F[he be gk[ ^W be]hWZe [i Z_ijhW[hdei ieXh[ bWi h[\ehcWi Wb YÂŒZ_]e Z[ bW Z[ceYhWY_W" Z[ bW WXiebkY_ÂŒd _d [njh[c_i W :W`‡ o Z[ bWi WkZ_[dY_Wi Z[b [d\[hce FWkbe @kZ_YWjki" ZedZ[ bei ‘b# j_cei fWiWhed W fh_c[hei o bei fh_c[hei ^WijW Wo[h j_[d[d gk[ [ijWh YWbbWZei fWhW gk[ i[ b[i ^W]W feh be c[dei Yed`k[Y[i e Yed`k[pWi$ Bk[]e dei Z_ijhW[d Yed be Z[ bW ieX[hWd‡W o [b Wdj__cf[h_Wb_ice$ C|i ikY[Z[ gk[ ik CW`[ijWZ [ijk# Z_ÂŒ [d bei ;ijWZei Kd_Zei" Z[iZ[ bk[]e bW cehWb[`W fkZ_[hW i[h gk[ de b[ [di[‹Whed X_[d d_ [b _d]bƒi d_ be gk[ [i Z[ceYhWY_W$ J[d[cei Yece ced[ZW eĂ’# Y_Wb [b _]dec_d_eie ZÂŒbWh Wc[# h_YWde" gk[ [i Yece j[d[h kd fWZhWijhe Wb gk[ WcWcei$ ;d jeZei bei Yeb[]_ei o kd_l[hi_# ZWZ[i i[ [ijkZ_W [b _cf[h_Wb_ijW _Z_ecW _d]bƒi o ^WijW i[ f_[hZ[ [b W‹e feh [iW cWj[h_W o oW de feh ^_ijeh_W" Y‡l_YW e cehWb$ 9Wi_ jh[i c_bbed[i Z[ dk[ijhei YecfWjh_e# jWi l_l[d o jhWXW`Wd [d bW Oed_" o i_ WXh_[hWd bWi \hedj[hWi i[ _h‡Wd Wbb| ejhei jh[i c_bbed[i$ ;b Xk[d l_l_h" [b ikcW aWkiWo" fWh[Y[ gk[ ied jhWZkYY_ÂŒd Z[b Æl_l_h [b ik[‹e Wc[h_YWdeÇ$ ;b Y_dYk[djW feh Y_[dje Z[ dk[ijhe Yec[hY_e [i Yed bei
oWdgk_i$ Bei ]kW]kWi ik[‹Wd [d :_id[o MehbZ$ FWhW Yebce fed[cei W dk[ijhei h[Y_ƒd dW# Y_Zei decXh[i Yece MWi^_d]# jed ^WijW bei c|i f[Z|dj[p " @e^d" CWho" Ij[l[d" BkYo" @Wd[j" =[eh][$ 9bWhe gk[ bei c|i _dle# bkY_edWh_ei fed[d W iki ^_`ei decXh[i Yece HW\W[be L_Y[d# pe" <WXh_Y_e e F_[h_dW" Yece i[ WYeijkcXhW [d Dk[lW Oeha" [d bW ÆF[gk[‹W ?jWb_WÇ$ F[he [d bei ]hWdZ[i Z_iYkh# iei i[ Z_Y[ gk[ bW 9eYW 9ebW [i bW YWkiWdj[ Z[ gk[ bW cWoeh fWhj[ dWpYWcei Z[ [i[ Yebeh" gk[ bei ^ej Ze] ied bW YWkiW Z[ gk[ de \kdY_ed[d bei ^eif_jWb[i o Z[ gk[ de fWh[ Z[ Yh[Y[h bW fhÂŒi# jWjW$ Gk[ [b Y^_Yb[ [i bW YWkiW Z[
gk[ dei Wf[]k[cei W bei Y‡hYk# bei heiWi$ Bei c|i [nWbjWZei WĂ’hcWd gk[ [i c[dj_hW gk[ bei ]h_d]ei bb[]Whed W bW BkdW gk[ \k[ iebe kdW f[b‡YkbW ^[Y^W [d >ebbo# meeZ " gk[ be Z[ F[Whb >WhXeh \k[ fh[fWhWZe feh bei c_icei Wc[h_YWdei [b XecXWhZ[e Z[ bei `Wfed[i[i W bW XWi[ dWlWb Wc[h_# YWdW [d [b FWY‡ÒYe [d '/*' o gk[ be Z[ bWi Jehh[i =[c[bWi [i eXhW Z[ bei i[hl_Y_ei Z[ _dj[b_][dY_W ]h_d]ei o de Z[ bW ;bl_hW Jehh[i$ ;b cehj[h_ijW Y^_ife Yec[djÂŒ0 9ece oe de iƒ _d]bƒi" dkdYW ^[ l_W`WZe W bW Oed_ o de iƒ h[Wbc[dj[ i_ [n_ij[d [b FWje :edWbZ" EXWcW o [b ;bl_i Fh[ib[o" de Yec[dji fb_i ieXh[ [iWi j^_d]i$ Âś=eeZ Xo[
ĹŠ
.-ĹŠ ' 1+#2ĹŠ ,(1.2ĔŊ#+ĹŠ-4#5.ĹŠ 4#9ĹŠ !(.- + Bk[]e Z[ kd Ykh_eie YedYkhie Z[ cƒh_jei" Z[cƒh_jei" _cfk]# dWY_ed[i o WkZ_[dY_Wi Y^_cXWi" j[d[cei bei decXh[i Z[ bei dk[# lei `k[Y[i o Yed`k[Y[i Z[ bW Yehj[ Z[ _d`kij_Y_Wi$ ;b fh_c[h bk]Wh" l‡W WkZ_[dY_W" be eYkfW [b WYjkWb `k[p HWc_hei$ ;iYkY^ƒceib[ Wb fh_c[he Z[ bei (' cW]d‡ÒYei$ Ä 1#!#ĹŠ 04#ĹŠ ĹŠ "#".ĹŠ +#ĹŠ '(!(#1.-ĹŠ / 2 1ĹŠ ĹŠ 423#"ĹŠ "#ĹŠ 2#%4-".ĹŠ ĹŠ /1(Äą ,#1.ĢÄ&#x;ĹŠĹŠÄ .ĹŠ2#1;ĹŠ/ 1 ĹŠ04#ĹŠ04#"#ĹŠ %1 "#!(".ĹŠ8ĹŠ2# ĹŠ#+#%(".ĹŠ/1#2("#-Äą 3#ĹŠ"#ĹŠ+ ĹŠ!.13#Ä&#x;
ÆC[ [d\[hcW gk[ Z_]Wd gk[ de ^[ i_Ze _cfWhY_Wb [d [b YedYkhie Z[ `k[Y[iÇ$ ĸ 4+42ĹŠ#+ĹŠ -%#-(#1.ĹŠ 41~"(!.Äš ÆBW dkb_ZWZ [d [b \edZe W c_ `k_Y_e [i h[i[hlWZWÇ$Ŋĸ -.!#-3#ĹŠ )~Äš ÆIebe oe iƒ bW Z_h[YY_ÂŒd Z[ c_ _dj[b_][dY_WÇ$ ĸ ĂŒ+ĹŠ (-(5("#.Äš ÆOe ikX‡ W c_ YWh]e i_d WiY[diehÇ$ ĸ (-(231 ĹŠ"#ĹŠ +4"Äš ÆF[eh \k[hW bW \WhhW i_d ck`[h[iÇ$Ŋĸ 4ĹŠ )#23 "Äš
;b YedYkhie \k[ jhWdifW# h[dj[" b‡cf_Ze o cWj[c|j_Ye$ 9ece [d [b \‘jXeb ^WijW bei ‘b# j_cei *+ c_dkjei" de i[ iWX[d bei h[ikbjWZei$ 7]hWZ[Y[hƒ gk[ de i[W \Wkb_ijW o cWbf[diWZe$ .ĹŠ' 8ĹŠ04#ĹŠ2#1ĹŠ,48ĹŠ/(+ 2ĹŠ/ 1 ĹŠ5#1ĹŠ 04#ĹŠ!.-ĹŠ+.ĹŠ"#ĹŠ+ 2ĹŠ 4"(#-!( 2ĹŠ 11#%+ Äą 1.-ĹŠ ĹŠĹŠ24ĹŠ -3.).ĹŠ+ ĹŠ4 (! !(¢-ĹŠ"#ĹŠ+.2ĹŠ !.-!412 -3#2Ä“ĹŠÄ .ĹŠ2.-ĹŠ,;2ĹŠ(,/.1Äą 3 -3#ĹŠ+.2ĹŠ,_1(3.2ĔŊ+ 2ĹŠ/14# 2ĹŠ#2!1(Äą 3 2ĹŠ8ĹŠĹŠ+ 2ĹŠ.1 +#2ĔŊ".!3.1ĹŠ/1(,#1.Ä&#x;
Âś7^$$$ [ijW fh[diW Yehhkf# jW Feh l[djW`W ^eo bW fh[diW de decXhW bei `k[Y[i$ 9ece Z[Y‡Wd [d bW l_[`W HecW0 Ăˆ7b[W `WYjW [ij" bW ik[hj[ [ij| [Y^WZWÉ"
feh i_ kij[Z be _]dehW$
Ä (ĹŠ"# ~ -ĹŠ' #1ĹŠ!+ 2(ă! ".ĹŠÄ?ÄŠĹŠ/.1ĹŠ 04_ĹŠ+.ĹŠ'(!(#1.-ĹŠÄ?ÄŒĹŠ8ĹŠ/1#!(2 ,#-3#ĹŠ #+ĹŠ".!3.1ĹŠ 4(1.9Ä&#x;
ÂśFeh gkƒ j[d]e gk[ Yedj[ijWh [ie Oe iebe ^WXbWhƒ Yed c_i fhe# l_Z[dY_Wi" Yed c_ YedY_[dY_W o Z[ h[f[dj[ Yed [b Y[bkbWh" i[‹eh$ Ä -ĹŠ 04_ĹŠ ,(2,.ĹŠ !.-2(-3(#1.-ĹŠ + 2ĹŠ 4"(#-!( 2ĹŠ! 1 ĹŠ ĹŠ! 1 ĔŊ!4 -".ĹŠ+ ĹŠ ĂŒ-(! ĹŠ/1#%4-3 ĹŠ"# ~ ĹŠ2#1ĹŠ"#ĹŠ/.1Äą 04#ĹŠ04(#1#-ĹŠ2#1ĹŠ)4#!#2ĔŊ ! 2.ĹŠ' ~ ĹŠ .31 2ĹŠ/1#%4-3(3 2ĹŠ,;2ĹŠ~-3(, 2Ä&#x;
BWi ‡dj_cWi \k[hed Yedj[ijW# ZWi [d [b j[ij i_YebŒ]_Ye" i[‹eh$
Ä .1ĹŠ04_ĹŠ2#ĹŠ!.+.1# ĔŊ".!3.1Ä&#x;ĹŠÄ ! 2.ĹŠ -.ĹŠ#2ĹŠ!(#13.ĹŠ04#ĹŠ+ 2ĹŠ !34 !(.-#2ĹŠ"#ĹŠ +.2ĹŠ)4#!#2ĹŠ"# #-ĹŠ#23 1ĹŠ#-!4 "1 " 2ĹŠĹŠ "#-31.ĹŠ "#+ĹŠ /1.!#2.ĹŠ 1#5.+4!(.- 1(.ĹŠ !(4" " -.ĔŊ!.,.ĹŠ+.ĹŠ' -ĹŠ"(!'.ĹŠ!(#13.2ĹŠ /.13 5.!#2ĹŠ.ĹŠ/.13 5 2.2ĹŠ.ă!( +#2Ä&#x;
Feh c_i \hkjei c[ YedeY[# hƒ_i" Yece Z_Y[d bei [ijWjkjei$ F[hZŒd" Z_]e bW 8_Xb_W$
23#"ĹŠ"().ĹŠ04#ĹŠ,#3#1~ ĹŠ+ ĹŠ, -.ĹŠ +ĹŠ $4#%.ĹŠ/.1ĹŠ+ ĹŠ(-"#/#-"#-!( ĹŠ"#ĹŠ242ĹŠ !.,/ Â #1.2ĹŠ)4#!#2Ä“ĹŠÄ 2 1;ĹŠ%4 -3#2ĹŠ "#ĹŠ/.+(#3(+#-.ĹŠ!.,.ĹŠ+.2ĹŠ ., #1.2Ä&#x;
Oe `Wc|i jkl[ kd XecX[he [d [b YedYkhie$ 7YWX[ fhedje [ijW [d# jh[l_ijW c[Z_eYh[ fk[i j[d]e gk[
_h W iWYWh c_i fWf[b[i gk[ WYh[Z_j[d c_i WĂ’hcWY_ed[i fei_j_lWi$
Ä (!3 1;ĹŠ2#-3#-!( 2ĔŊ/1.5("#-!( 2ĹŠ.ĹŠ 43.2ĹŠ04#ĹŠ-.ĹŠ#-.)#-ĹŠ ĹŠ24ĹŠ )#23 "Ä&#x;
9kWbgk_[h Wikdje be [ijkZ_Whƒ W \edZe" `Wc|i bbWcWhƒ W 7b[n_i$ EjhW YeiW [i i_ ƒb c[ bbWcW" fk[i oe ieo X_[d [ZkYWZe" e feh be c[# dei be i[hƒ ZkhWdj[ [ijei fhÂŒn_# cei / W‹ei [d gk[ _cf[hWh| bW `kij_Y_W Y_kZWZWdW$ 42ĹŠ/ + 1 2ĹŠÄƒ- +#2ĔŊ,(ĹŠ".!3.1ĹŠ(-"#Äą /#-"(#-3#Ä“
LWZ[ h[jhe" Wc_]e _cf[hj_d[dj[" _di_Z_eie o YWh[jkYe WZ ^eY$
Ä Ä‚
g ĂĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
} Ŋ ;if[Y_[i gk[ h_][d [b \kjkhe Z[ bWi f[hiedWi I_]dei Z[ PeZ‡WYe Y^_de feh W‹ei Z[ bWi f[hiedWi
Ĺ—ĹŠ ĹŠ 3 Ä– '/&&" '/'(" '/(*" '/)," '/*." '/,&" '/-(" '/.*" '//,$
Ĺ—ĹŠ ĹŠĹŠ ĂŒ$ +.Ä– '/&'" '/')" '/(+" '/)-" '/*/" '/,'" '/-)" '/.+" '//-$
Ĺ—ĹŠ ĹŠĹŠ (%1#Ä– '/&(" '/'*" '/(," '/)." '/+&"
+ĹŠ (%1#
'/,(" '/-*" '/.," '//.$
!(".2ĹŠ#-Ä– ÄˆÄ’Ä‡Ä‰Ä”ĹŠÄˆÄ’ÄˆÄŒÄ”ĹŠÄˆÄ’Ä‰Ä?Ä”ĹŠÄˆÄ’ÄŠÄ‘Ä”ĹŠÄˆÄ’ÄŽÄ‡Ä”ĹŠÄˆÄ’Ä?Ä‰Ä”ĹŠÄˆÄ’Ä?ÄŒÄ”ĹŠ ĈĒđÄ?Ä”ĹŠÄˆÄ’Ä’Ä‘Ä“
Ĺ—ĹŠ ĹŠ .-#).Ä– '/&)" '/'+" '/(-" '/)/" '/+'" '/,)" '/-+" '/.-" '///$
ŗŊ ŊŊ 1 %¢-Ė '/&*" '/'," '/(." '/*&" '/+(" '/,*" '/-," '/.." (&&&$
Ĺ—ĹŠ ĹŠĹŠ #1/(#-3#Ä– '/&+" '/'-" '/(/" '/*'" '/+)" '/,+" '/--" '/./" (&&'$
Ĺ—ĹŠ ĹŠĹŠ ++.Ä– '/&," '/'." '/)&" '/*(" '/+*" '/,," '/-." '//&" (&&($
Ĺ—ĹŠ ĹŠĹŠ 1 Ä– '/&-" '/'/" '/)'" '/*)" '/++" '/,-" '/-/" '//'" (&&)$
Ĺ—ĹŠ ĹŠĹŠ .-.Ä– '/&." '/(&" '/)(" '/**" '/+," '/,." '/.&" '//(" (&&*$
Ĺ—ĹŠĹŠĹŠ ++.Ä–
'/&/" '/('" '/))" '/*+" '/+-" '/,/" '/.'" '//)" (&&+$
Ĺ—ĹŠ ĹŠĹŠ #11.Ä– '/'&" '/((" '/)*" '/*," '/+." '/-&" '/.(" '//*" (&&,$
Ĺ—ĹŠ ĹŠĹŠ #1".Ä– '/''" '/()" '/)+" '/*-" '/+/" '/-'" '/.)" '//+" (&&-$
#3 ++#2ĹŠ"#+ĹŠ (%1#
.ĹŠ04#ĹŠ"# #ĹŠ2 #1
Ĺ—ĹŠĹŠ ., 1#ĹŠ!'(-.Ä–ĹŠ 4Ä“ ĹŠĹŠ .1 ĹŠ"#ĹŠ(-Ä„4#-!( Ä–ĹŠ#-31#ĹŠ+ ŊćĊĖććŊ Ĺ—8ĹŠ+ 2ŊćĎĖććē Ĺ—ĹŠĹŠ 4-3.ĹŠ! 1"(- +Ä–ĹŠ#23#ĹŠÄą-.1"#23# Ĺ—ĹŠĹŠ 23 !(¢-Ä–ĹŠ 1(, 5#1 Ĺ—ĹŠĹŠ #2ĹŠ"#ĹŠ(-Ä„4#-!( Ä–ĹŠ$# 1#1. Ĺ—ĹŠĹŠ +#,#-3.Ä–ĹŠ, "#1 ĹŠ Ĺ—ĹŠĹŠ 2/#!3.Ä–ĹŠ -% Ĺ—ĹŠĹŠ (#"1 Ä–ĹŠ9 ă1. Ĺ—ĹŠĹŠ + -#3 Ä–ĹŠ ĂŒ/(3#1 Ĺ—ĹŠĹŠ .+.1Ä–ĹŠ5#1"# Ĺ—ĹŠĹŠ (%-.ĹŠ"#+ĹŠ ."~ !.ĹŠ#04(5 +#-3#Ä–ĹŠ !4 1(. Ĺ—ĹŠĹŠ .,/ 3( +#ĹŠ!.-ĹŠ#+ĹŠ (%1#Ä–ĹŠ ++.ĔŊ #11.ĹŠ8ĹŠ #1".ĹŠ.ĹŠ +~Ä“
.2##ĹŠ#731 .1"(Äą - 1( ĹŠ(-3#+(%#-!( ĹŠ 8ĹŠ#23;ĹŠ++#-.ĹŠ"#ĹŠ ' (+(" "#2ĹŠ8ĹŠ"#ĹŠ /."#1Ä“
cWl[hW e [b l[hWde j[dZh|d Xk[dW ik[hj[" c_[djhWi gk[ bei dWY_Zei [d [b eje‹e o [b _dl_[hde fk[Z[d bb[]Wh W [ijWh heZ[WZei Z[ Wb]e Z[ cWbW ik[hj[$ I[]‘d bW 7ijhebe]‡W Y^_dW" [ijWi f[hiedWi j_[d[d gk[ f[d# iWh Yed fhkZ[dY_W Wb jecWh Z[# Y_i_ed[i h[bWj_lWi W bW YWhh[hW$ I[ 9edi_]k[ [b h[if[je Z[ bei Z[# b[i WYedi[`W YedY[djhWhi[ [d [b c|i Wd_cWb[i$ ?dijWkhW ik cW# jhWXW`e o de Z[`Wh Z[ l[h Wb]kdWi Zh_]k[hW ZedZ[ ^W [dYedjhWZe Yk[ij_ed[i Z[ feYW cedjW$ Feh ejhW fWhj[" bei gk[ ied ikĂ’Y_[dj[ Wb_c[dje fWhW [b W‹e$ I[ b[ Yedi_Z[hW fh[YWl_Ze" gk[ jhWXW`WZeh[i [ _dZ[f[dZ_[dj[i i_[cfh[ ]kWhZW fWhW [b \kjkhe$ i[h|d h[YedeY_Zei feh iki i[hl_# BkY^WZeh [dƒh]_Ye feh ik ik# Y_ei$ I_d [cXWh]e" d[Y[i_jWd bW# f[hl_l[dY_W$ XehWh Zkhe YedijWdj[c[dj[ fWhW BWi f[hiedWi J_]h[i ied _dZ[# be]hWh ]hWdZ[i h[Yecf[diWi$ I[h|d YkijeZ_WZei feh kdW f[dZ_[dj[i" eXij_dWZWi o ZkhWi$ Ied Yedi_Z[hWZei cko W\ehjkdW# [ijh[bbW gk[ jhW[ ckY^ei l_W`[i Zei oW gk[ ik i_]de h[fh[i[djW bW o YWcX_ei$ ik[hj[$ Ied WkZWY[i o lW# ;i YWdjWZe gk[ bW iWbkZ Z[X[ i[h Wj[dZ_ZW$ 7Z[# b_[dj[i" f_[diWd fhe\kdZW# ĹŠ c[dj[ Wdj[i Z[ [cfh[dZ[h c|i" fk[Z[ ikh]_h bW ieb[# YkWbgk_[h YeiW$ Ik i[di_X_# ZWZ fWhW bei J_]h[i Z[X_Ze W bW fh[i[dY_W Z[ bW [ijh[bbW b_ZWZ o YeZ_Y_W b[i bb[lW W +ĹŠ .1¢2!./.ĹŠ !'(-.ĹŠ2#ĹŠ 5#1(Äą YecfehjWhi[ Wb]kdWi l[Y[i %4 ĹŠ/.1ĹŠ#+ĹŠ  .ĹŠ"#ĹŠ Z[ bW ieb[ZWZ$ I[ fheZkY_# Yed Z[iYedĂ’WdpW o []e‡i# - !(,(#-3.Ä“ĹŠ 4204#ĹŠ#+ĹŠ248.ĹŠ8ĹŠ h| kd hec|dj_Ye Ă“eh[Y[h "#2!4 1 ĹŠ3.".ĹŠ [djh[ `kb_e o eYjkXh[$ ce$ Ied b‡Z[h[i$ 2. 1#ĹŠ423#"ĔŊ I[ b[i Yedi_Z[hW j[i# !.-.!(#-".ĹŠ#+ĹŠ ;d ][d[hWb" (&'( i[h| kd W‹e Z[ c[pYbW Z[ Xk[# jWhkZei o Wc_]ei Z[ bWi -(, +ĹŠ04#ĹŠ+#ĹŠ !.11#2/.-"#Ä“ĹŠ Z_iYki_ed[i$ B[i WjhW[ bW dW ik[hj[ o Wb]e Z[ cWbW$ YeY_dW e Ykcfb_h [b fWf[b Z[ [`[Ykj_lei$ 8kiYWd bei jhWXW# -ĹŠ#+ĹŠ31 ). `ei Whh_[i]WZei$ De b[i bbWcW bW I[]‘d [b >ehÂŒiYefe Y^_de" bei Wj[dY_ÂŒd bW \ehjkdW fehgk[ [b_# dWY_Zei XW`e [b i_]de Z[b J_]h[ ied i[di_Xb[i" ^ed[ijei o lWb_[dj[i" b[i ][d bW WYY_ÂŒd$ Ied i[di_Xb[i o WfWi_edWZei [dYWdjWd ikf[hWh h[jei$ Ik [d[h# [d [b Wceh$ Iki hecWdY[i WYei# ]‡W o iW]WY_ZWZ fWhW [d\h[djWh bei jkcXhWd W h[ikbjWh jkhXkb[djei$ fheXb[cWi b[i Yedl_[hj[ [d f[hie# Ik fWh[`W _Z[Wb [i kd 9WXWbbe dWi cko lWbehWZWi$ ;b J_]h[ [ij[ W‹e j[dZh| ckY^e ^ed[ije" kd :hW]ÂŒd fhkZ[dj[ e kd F[hhe _Z[Wb_ijW$ BWi f[eh[i jhWXW`e o Z[ceijhWh| ik hWf_Z[p i[h‡Wd bW I[hf_[dj[ iWX_W o kd fWhW WZWfjWhi[ W bWi i_jkWY_ed[i$ I_ [ij| i_d jhWXW`e" [i[ [i [b Cede cWb_Y_eie$ cWoeh Z[iW\‡e fWhW fed[h W fhk[XW ik W]_b_ZWZ c[djWb$ H[l_# -ĹŠÄ‰Ä‡ÄˆÄ‰ ;ijWh| _dlebkYhWZe [d ckY^W i[ be gk[ iWX[ ^WY[h" fehgk[ feh cel_b_ZWZ [d [b >ehÂŒiYefe Y^_# W^‡ fk[Z[ j[d[h kdW iWb_ZW fWhW de J_]h[ (&'($ 7jhWl[iWh| feh bW be]hWh ]WdWh Z_d[he$ ;d (&'( j[dZh| Xk[dW [d[h]‡W [nf[h_[dY_W Z[ kd dk[le ^e]Wh k eĂ’Y_dW$ Be c|i fheXWXb[ [i gk[ fWhW be]hWh c[`ehWh ik i_jkWY_ÂŒd$ i[ lWoW Wb [njhWd`[he feh d[]e# 9edjWYj[ Yed \Wc_b_Wh[i o YecfW‹[hei$ L_i_j[ f[hiedWb# Y_ei e Z[ lWYWY_ed[i$ Bei J_]h[i dWY_Zei [d bW fh_# c[dj[ bk]Wh[i ZedZ[ Yh[[ gk[
Ĺ—ĹŠĹŠ
Ĺ—ĹŠĹŠ
4#8#2ĹŠ$ ,.2.2ĹŠ
##3'.5#-Ŋĸ$.3.ĚĔŊ ' 1+#2ĹŠ #ĹŠ 4++#ĔŊ 1 -!(2!.ĹŠ .8 ĔŊ 4+(.ĹŠ .13 9 1ĔŊ ÂĄ2! 1ĹŠ (+"#ĔŊŊ 2 #++ĹŠ ĹŠ"#ĹŠ -%+ 3#11 ĔŊ $ #+ĹŠ + #13(ĔŊ +(9 #3'ĹŠ 11#33ĔŊ (2#-'.6#1Ä“Ä“Ä“ fk[Z[ i[h ‘j_b$ ;ijƒ i_[cfh[ Wb[hjW W be gk[ fk[ZW ikh]_h o de f_[hZW bW [if[hWdpW$ JhWj[ Z[ YedjhebWh Wb]e c|i bei ]Wijei" W c[dkZe j_[d[i fhe# Xb[cWi Yed [b Z_d[he$
ŗŊ Ŋ -Ŋ#+Ŋ ,.1 ;ij[ W‹e i[ fh[i[djW [ifb[dZehe#
ie [d bWi h[bWY_ed[i$ Bei dWY_Zei [d W‹e Z[b J_]h[ ied i[dikWb[i o hec|dj_Yei" b[i ]kijW bW [ifedjW# d[_ZWZ o Yedgk_ijWd feh ik [d# YWdje o [d[h]‡W$ Ied fWi_edWb[i" Yehj[i[i" ^ed[ijei$$$ ;d (&'( [b YWf‡jkbe i[dj_c[d# jWb j[dZh| ckY^W _dĂ“k[dY_W [d [b [ijWZe Z[ |d_ce" jWdje gk[ [i fei_Xb[ gk[ j[d]W YWcX_ei Z[ ^k# ceh$ Fk[Z[ _h Yece [d kdW ced# jW‹W hkiW1 YkWdZe i[ l_l[ [b Wceh o bW fWi_ÂŒd Yed ckY^W _dj[di_ZWZ ik[b[ ikY[Z[h$ ;i kd W‹e [d [b gk[ i[ [dWcehWh| e h[[dWcehWh| W ik i[h WcWZe$ J_[cfe fWhW fbWd[Wh fheo[Yjei [d Yec‘d$ I_ de j_[d[ fWh[`W" (&'( i[h| _ZÂŒd[e fWhW [dYedjhWhbW$ 7 bei dWj_lei J_]h[ b[i ]kijW ckY^e bWi Ăˆ[ceY_ed[i \k[hj[iÉ" feh [ie W l[Y[i YW[d [d h[bWY_e# d[i Yecfb_YWZWi$
BW fWi_Œd [i _cfehjWdj[ f[he de be [i jeZe" [b J_]h[ [i W c[dkZe fWi_edWb fWhW be Xk[de o be cWbe$ :khWdj[ [b W‹e (&'( feZh| Z_i\hk# jWh Z[ cec[djei \[b_Y[i [d Xk[dW YecfW‹‡W$ HecWdY[i o cec[d# jei hec|dj_Yei [ij|d feh l[d_h$
Ĺ—ĹŠ ĹŠ -ĹŠ+ ĹŠ2 +4" Bei J_]h[i fk[Z[d ik\h_h jhWi#
jehdei h[bWY_edWZei Yed bei j[d# Zed[i o bWi Whj_YkbWY_ed[i$ ;b [`[hY_Y_e \‡i_Ye [i \kdZWc[djWb" Z[ \ehcW ceZ[hWZW$ :[ \ehcW _dj[diW e _dWZ[YkWZW fk[Z[ bb[# lWh W b[i_ed[i Whj_YkbWh[i$ 7fh[dZ[h Xk[dei ^|X_jei fei# jkhWb[i [i _cfehjWdj[ fWhW [l_jWh Zebeh[i Whj_YkbWh[i$ 7fWhj[ Z[ [ije" ik j[cf[hWc[dje b[ fk[Z[ bb[lWh W WYkckbWh ckY^W j[di_ÂŒd" feh be gk[ de b[ l[dZh‡W cWb fhWY# j_YWh Wb]‘d cƒjeZe Z[ h[bW`WY_ÂŒd YecX_dWZe Yed [`[hY_Y_ei ikWl[i Yece [b oe]W e [b jW_ Y^_$ ĹŠ ĹŠ ÂĄ ĹŠĹŠ ÂĄ Ä–ĹŠĹŠĹŠÄ‰Ä‰ÄŒÄ?ĹĉćÄ?ĹŠ ĖŊćĒĎÄ?ĊćĊćć Ä“ Ä“ Äž Ä“
.-24+3#ĹŠ!.-ĹŠ#+ĹŠ#2/#!( +(23 ;ij[ [i kd i[]c[dje Wb YkWb kij[Z fk[Z[ [dl_Whdei iki fh[]kdjWi WY[hYW Z[ YkWbgk_[h [d\[hc[ZWZ" i‡djecW e ceb[ij_W$ Iki _dj[hhe# ]Wdj[i i[h|d Yedj[ijWZWi feh fhe\[i_edWb[i Z[ bW iWbkZ o iWbZh|d fkXb_YWZWi bei c_ƒhYeb[i o l_[hd[i$ ;iYh‡XWdei W0 iWbkZ6bW^ehW$Yec$[Y Ä–ĹŠ Ä 4_ĹŠ #2ĹŠ + ĹŠ "#1, Äą 3(3(2ĹŠ 3¢/(! ĔŊ!4;+#2ĹŠ2.-ĹŠ242ĹŠ2~-Äą 3., 2ĹŠ8ĹŠ!¢,.ĹŠ2#ĹŠ31 3 Ä&#x;Ŋĸ (++( ,ĹŠ (++ 5(!#-!(.Äš
H[ifk[ijW0 ;ijW [i kdW [if[# Y_[ Z[ Wb[h]_W Yedij_jkY_edWb$ ;i kd fheXb[cW gk[ i[ fh[i[djW [d bW fh_c[hW _d\WdY_W o gk[ fk[Z[ f[hi_ij_h Yed bei W‹ei$ :[f[dZ[ Z[ bW ][dƒj_YW Z[ kdW f[hiedW
gk[" Yece Yedi[Yk[dY_W" ][d[# Yec_[dZW Wfb_YWhi[ kdW Yh[cW$ hW f_YWpÂŒd$ ;d Wb]kdei YWiei i[ fk[Z[d fheZkY_h _d\[YY_ed[i Ä–ĹŠ #ĹŠ' -ĹŠ"(!'.ĹŠ04#ĹŠ+ 2ĹŠ Z[X_Ze Wb hWiYWZe$ !;, 1 2ĹŠ 1.-!# ".1 2ĹŠ 2.-ĹŠ !.-Äą
fWhW gk[ ^[h[Z[ bW j[dZ[dY_W Z[ i[gk[ZWZ [d bW f_[b$ 7dj[i Z[ h[Yec[dZWh kd jhWjWc_[dje ^Wo gk[ [nWc_dWh Wb _dZ_l_Zke fWhW Z[j[hc_dWh Yk|b [i bW fh[# Z_ifei_Y_Œd gk[ j_[d[" oW gk[ fk[Z[ i[h Z_\[h[dj[ fWhW YWZW fWY_[dj[$ ;b fh_c[h i‡djecW gk[ fh[# i[djW [i bW h[i[gk[ZWZ [njh[cW
g ĂĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
31 /1."4!#-3#2Ä“ĹŠÄ 4_ĹŠ"  .2ĹŠ/4#Äą "#-ĹŠ.! 2(.- 1ĹŠ#-ĹŠ+ ĹŠ/(#+Ä&#x;Ŋĸ (!3.1( ĹŠ ,~1#9Äš
Ä–ĹŠ (2ĹŠ+ (.2ĹŠ2#ĹŠ1#2#! -ĹŠ 3.".ĹŠ#+ĹŠ3(#,/.ĔŊ+#2ĹŠ'#ĹŠ/4#2Äą 3.ĹŠ5 2#+(- ĔŊ !#(3#ĹŠ"#ĹŠ! ! .ĹŠ 8ĹŠ.31.2ĹŠ/1."4!3.2ĔŊ/#1.ĹŠ2(%.ĹŠ ĹŠ (%4 +Ä“ĹŠ Ä 4_ĹŠ /4#".ĹŠ ' !#1Ä&#x;ĹŠ .-3 !3.2Ä– ĸ ¢-(! ĹŠ #1-;-"#9Äš .+ -" ĹŠ 1~ ĹŠ
H[ifk[ijW0 Be gk[ ikY[Z[ Yed [ijWi YWcWi [i gk[ [c_j[d hWZ_WY_ÂŒd kbjhWl_eb[jW gk[ [b Yk[h# H[ifk[ijW0 Be c|i "#ĹŠ+ ĹŠ 9ĹŠ 1.9!.ĔŊ fe WXiehX[$ Fk[Z[ ][d[# "#1, 3¢+.% Ä“ĹŠ fheXWXb[ [i gk[ [n_ijW kd ĉĉÄ?Ä?ÄŒÄ?Ä‘ĹŠĹŠ hWh ZW‹ei b[l[i Yece [b fheXb[cW Z[ ^_ZhWjWY_ÂŒd ĉĊÄ?đĒđć XhedY[WZe" gk[ Wkdgk[ o b[ [ij| ^WY_[dZe \WbjW bW ][dj[ de be Yh[W [i kdW _d][h_h c|i b‡gk_Zei$ Be b[i_ÂŒd gk[ i[ ZW feh Z[# WYedi[`WXb[ [i X[X[h Zei b_jhei cWi_WZW [nfei_Y_ÂŒd Wb ieb$ >Wo Z[ W]kW Wb Z‡W$ f[hiedWi gk[ i[ fed[d he`Wi :[ _]kWb cWd[hW" bW fWhj[ [n# XW`e [ijWi Y_hYkdijWdY_Wi" [ie j[h_eh Z[b Yk[hfe d[Y[i_jW cWd# Z[f[dZ[ Z[b j_fe Z[ f_[b Z[ YWZW j[d[hi[ \h[iYW" fWhW [ije i[ h[# kde$
Ä Äƒ
F[he jWcX_ƒd fk[Z[d fheZk# Y_hi[ b[i_ed[i ]hWl[i Yece kd [d# l[`[Y_c_[dje WY[b[hWZe [ _dYbkie ][d[hWd Y|dY[h [d bW f_[b$ Ä–ĹŠÄ 4;+ĹŠ#2ĹŠ+ ĹŠ,#).1ĹŠ$.1Äą , ĹŠ"#ĹŠ!., 3(1ĹŠ+ ĹŠ!#+4+(3(2Ä&#x;Ŋĸ +(9 Äą #3'ĹŠ 1!.Äš
H[ifk[ijW0 Be c|i _cfehjWdj[ [i kdW Xk[dW Wb_c[djWY_ÂŒd gk[ i[W h_YW [d \hkjWi o b[]kcXh[i$ 7Z[c|i [i d[Y[iWh_e cWdj[d[h kdW Xk[dW ^_ZhWjWY_ÂŒd$
$ -( $(* " (
!#
$() " * '%& % $)'% ' & (
,,, * +% % % $) " %#
<JD<I8C;8J
HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef )-0 mXcfi ,'#'' [\ cX :kX% :k\% Ef% *+0)-((/'+ g\ik\e\Z`\ek\ X D8KLK< G<E8=@<C#AFE8K?8E$@JI8<C [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj 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 D8EF98E;8 KF8$ CFD9F# =CFI$;<C IF:@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ˆXj 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 E8IM8<Q : 8 9 I < I 8 # D 8 I @ 8 E 8 $ ; < A<JLJ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& * d^ @D989LI8 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef (-0 [\ cX :kX% :k\% Ef% *+-*)(/('+ g\ik\e\Z`\ek\ X G@E:?8F <I8QF#O@D<E8$;<C G@C8I [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ˆXj 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% *+0(+)-)'+ g\ik\e\$ Z`\ek\ X K<I8E A8K@M8# :@E$ K?P8$D8I@8E<C8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& , d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef /)-*$/)/0 [\ cX :kX% :k\% Ef% *)-'0,./'+ g\ik\e\Z`\ek\ X IFDF 8P8C8# >CFI@8$AF$ J<=@E8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj 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) mXcfi **'#)) [\ cX :kX% :k\% Ef% *+'+,-)''+ g\ik\e\$ Z`\ek\ X :FDLE@;8; ;< ?<I$ D8E8J 9<K?C<D@K8J [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X
[\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ˆXj 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 :FDLE@;8; ;< ?<I$ D8E8J 9<K?C<D@K8J [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ˆXj 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 :FDLE@;8; ;< ?<I$ D8E8J 9<K?C<D@K8J [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ˆXj 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 ,+. mXcfi ./.#,0 [\ cX :kX% :k\% Ef% *+'+,-)''+ g\ik\e\$ Z`\ek\ X :FDLE@;8; ;< ?<I$ D8E8J 9<K?C<D@K8J [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (' d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef ((-$((.$((/$()+$(),$()-$(*' [\ cX :kX% :k\% Ef% *+0.(0*.'+ g\ik\e\Z`\ek\ X J@CM8 G<I<Q#CL@J$?LD9<IKF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (( d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ())0 Xc ()+' [\ cX :kX% :k\% Ef% *+/+/-(+'+ g\ik\e\Z`\ek\ X GL>8 C8E;<K8#>L@CC<IDF$ M@E@:@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& () d^
C8K8:LE>8
HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef )'(/ mXcfi *(/#'' [\ cX :kX% :k\% Ef% *(0(--')'+ g\ik\e\Z`\ek\ X P8E<Q :?@:8@Q8#CFLI;<J$ D8>8CP [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (* d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef )),* mXcfi *0/#'' [\ cX :kX% :k\% Ef% *(+((-*0'+ g\ik\e\$ Z`\ek\ X :FFG<I8K@M8 8?%P :I<;%><E<I8C 8E><C =CFI [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj 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% *'*./*-('+ g\ik\e\Z`\ek\ X M@CC8D8I@E J8C8Q8I#G@<;8;$D8IC<E< [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj 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 $ ,(/' $ ,(/* $ ,(// $ ,(00 $ ,)'* $ ,)', $ ,)'. $ ,)'0 $ ,)(($,)(* $ ,)(+ $ ,)(. $ ,)(0 $ ,))' $ ,))) $ ,))* $ ,))+ $ ,)), $ ,))- $ ,)).$,))/ $ ,))0 $ ,)*' $ ,)*( $ ,)*) $ ,)** $ ,)*+ $ ,)*, $ ,)*- $ ,)*. $ ,)*/ $ ,)*0 $ ,)+' Xc ,),' [\ cX :kX% :k\% Ef% *(+0/--('+ g\ik\e\Z`\ek\ X GFII8J :FI$ K<Q ?<:KFI >LJK8MF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (- d^
CFJ I@FJ
HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef (.+ mXcfi (0(#-. [\ cX :kX% :k\% Ef% *+.'),,0'+ g\ik\e\Z`\ek\ X I@M8J G8II8>8#<C@Q89<K?$D8I@8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\$ i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (. d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef ('+* Xc ('-' [\ cX :kX% :k\% Ef% *(+)*.)+'+ g\ik\e\Z`\e$ k\ X 9FE@CC8 J@J8C<D8# IFHL<$=89@8E [\c 9XeZf G`$ Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`$ dX glYc`ZXZ`�e% 8:& (/ d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ),+ [\ cX :kX% :k\% Ef% *+(**),-'+ g\ik\e\Z`\ek\ X E8I8EAF ?@;8C>F#DFE@:8$ ;<C IF:@F [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\$ Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj 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 (+' mXcfi ),'#'' [\ cX :kX% :k\% Ef% *,')(*+/'+ g\ik\e\Z`\ek\ X M<C8JHL<Q :?8C<E#AFI><$C<E@E [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& )' d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef *+* [\ cX :kX% :k\% Ef%
*+/+*(-('+ g\ik\e\Z`\ek\ X J<>LI8 8II@8>8# AFJ<$;8$ IN@E [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& )( d^
D8E89@
HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef ,*- mXcfi (,-#'' [\ cX :kX% :k\% Ef% *+-,*0'''+ g\ik\e\Z`\e$ k\ X :FIGFI8:@FE =FIK8C<$ Q8 ;<C M8CC< [\c 9XeZf G`$ Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`$ dX glYc`ZXZ`�e% 8:& )) d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef *', [\ cX :kX% :k\% Ef% *+-'0-)+'+ g\ik\e\Z`\ek\ X I<Q8M8C8 DFI<@I8#C<M@P$ D8EL<C [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj 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% *+-).)'+'+ g\ik\e\Z`\ek\ X D<I8 M<I8#J8I8$@J89<C [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ˆXj 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% *+-).)'+'+ g\ik\e\Z`\ek\ X D<I8 M<I8#J8I8$@J89<C [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ˆXj 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% ***((*','+ g\ik\e\Z`\ek\ X D<CF DF$ I8E# D8EL<C$K<F;FIF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& )- d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef ,/( Xc -(' [\ cX :kX% :k\% Ef% *(-*+-'''+ g\ik\e\Z`\ek\ X D8:@8J >8I:@8#FC>8$C@;@8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\$ i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& ). d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef +)0' mXcfi .)'#'' [\ cX :kX% :k\% Ef% *)/*+00('+ g\ik\e\$ Z`\ek\ X KFII<J <JG@EFQ8# C@;@8$D8I@8E8 [\c 9XeZf G`$ Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj
-' [ˆXj gfjk\i`fi\j X cX ’ck`$ dX glYc`ZXZ`�e% 8:& )/ d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef (*)+$(**/$(*+'$(*+.$ (*.($(*., [\ cX :kX% :k\% Ef% *+(*'.(,'+ g\ik\e\Z`\ek\ X M@E8E :?@C8>L8:?@# 8:<E$ :@8$ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj 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 */+ [\ cX :kX% :k\% Ef% **//()/*'+ g\ik\e\Z`\ek\ X ?L<IK8J G@J:F# >89I@<C$ 8C<A8E;IF [\c 9XeZf G`$ Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj 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 J@<II8 G8II8C<J# A8IM@E$ ?FI8:@F [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\$ Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj 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 J@<II8 G8II8C<J# A8IM@E$?FI8:@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& *) d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef (/'( Xc (/*' [\ cX :kX% :k\% Ef% **0'**'('+ g\ik\e\$ Z`\ek\ X J@<II8 G8II8C<J# A8IM@E$?FI8:@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj 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 J@<II8 G8II8C<J# A8IM@E$?FI8:@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& *+ d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef (0) Xc (0* [\ cX :kX% :k\% Ef% *+/.+'/''+ g\ik\e\Z`\ek\ X HL@A@A< G8II8C<J# AL8E$G8$ KI@:@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -'
[ˆXj 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% *(,-''00'+ g\ik\e\$ Z`\ek\ X KFII<J J8E:?<Q# @J89<C$ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& *- d^
G@:?@E:?8
HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef (.( [\ cX :kX% :k\% Ef% *,'/0++('+ g\ik\e\Z`\ek\ X <JKI8;8 G<I>L<Q8#AF?8E8$@J89<C [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\$ i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& *. d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef +,*/, mXcfi *-0#+) [\ cX :kX% :k\% Ef% *(//,//+'+ g\i$ k\e\Z`\ek\ X <:L8HL@D@:8 <:L8KFI@8E8 ;< GIF;L:$ KFJ HL@ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`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<@IF 8C:@M8I#AFJ<$ 89<C [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj 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 [\ cX :kX% :k\% Ef% *+-(*')/'+ g\ik\e\Z`\ek\ X :FDG8E@8 ;< KI8EJGFI$ K< G<J8;F J8E AFJ< ; [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ˆXj 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% *+.0)+.0'+ g\ik\e\Z`\ek\ X 9<KLE C8K8# 8>LJK@E [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj 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\i$ k\e\Z`\ek\ X LE@;8; <;L:8$ K@M8 8EKFE@F E<LD8E< [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e%
8:& +) d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\$ hl\ Ef (), [\ cX :kX% :k\% Ef% *,'*0,++'+ g\i$ k\e\Z`\ek\ X M8E<>8J >8IFK@Q8#<JG<I8EQ8$CLG< [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\$ i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& +* d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef 0,+ [\ cX :kX% :k\% Ef% *+/*-.++'+ g\ik\e\Z`\ek\ X 8CD<@;8 DFI<@I8#>CFI@8$ D8I@:<C8 [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\$ Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& ++ d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ('.' [\ cX :kX% :k\% Ef% *+/*-.++'+ g\ik\e\Z`\ek\ X 8CD<@;8 DFI<@I8#>CFI@8$ D8I@:<C8 [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\$ Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& +, d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef (',( [\ cX :kX% :k\% Ef% *+/*-.++'+ g\ik\e\Z`\ek\ X 8CD<@;8 DFI<@I8#>CFI@8$ D8I@:<C8 [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\$ Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj 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 :?8M<Q IFC;8E# IF;;P$ A<JLJ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj 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 0/(0 mXcfi **#., [\ cX :kX% :k\% Ef% *),.(--+'+ g\ik\e\$ Z`\ek\ X J<>FM@8 M<C8J:F# ;<EPJ$=<IE8E;F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& +/ d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef 0/)' mXcfi ))#,' [\ cX :kX% :k\% Ef% *),.(--+'+ g\ik\e\$ Z`\ek\ X J<>FM@8 M<C8J:F# ;<EPJ$=<IE8E;F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& +0 d^ 444444
HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef (*+, Xc (*+. [\ cX :kX% :k\% Ef% **/)*0*''+ g\ik\e\Z`\e$ k\ X 8E;8CLQ J<>LE;F# D8I:<CF$ [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\$ Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj 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,+$0.'$(''+ [\ cX :kX% :k\% Ef% *+-('*(/'+ g\ik\e\Z`\ek\ X CFG<Q KFII<J# =I8EBC@E$ FIC8E;F [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\$ Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& ,( d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef (-( Xc (0' [\ cX :kX% :k\% Ef% *,'(0)(.'+ g\ik\e\Z`\ek\ X M8:8 :8II@CCF#CL@J$N8J$ ?@E>KFE [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\$ Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj 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\i$ k\e\Z`\ek\ X :8JK@CCF M<C8JK<>L@#D8EL<C$8E@$ 98C [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj 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 =I<@I< G8QD@EF#J8EK@8>F$ D8LI@:@F [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\$ Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& ,+ d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef /,/ [\ cX :kX% :k\% Ef% *+-.-.0*'+ g\ik\e\Z`\ek\ X =I<@I< G8QD@EF#J8EK@8>F$ D8LI@:@F [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\$ Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& ,, d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\$ hl\ Ef )'** [\ cX :kX% :k\% Ef% *(+/(0++'+ g\i$ k\e\Z`\ek\ X :8JK@CCF M<C8JK<>L@#D8EL<C$8E@$ 98C [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& ,- d^ 444444
āą
¡
Ċŋ
?% D8I:<CF D<A@8 I% _d\a`X7cX_fiX%Zfd%\Z
g ĂĆŏ ŏ ŏ ŏĂĀāĂŏ
ŏ +. Čŏ
ũ5 +#-3~ ũ8ũ#+ũ 1~.ũ2.-ũ242ũ,;2ũ ",(ı 1 +#2ũ 31( 43.2ēũ .ũ2#ũ"#) ũ".,(- 1ũ /.1ũ- "(#ũ8 ũ04#ũ#2ũ4-ũ#2/~1(34ũ+( 1#ũ04#ũ 2(#,/1#ũ#23;ũ#-ũ 42! ũ"#ũ +%.ũ,;2ēũ # #ũ /1#-"#1ũ ũ31 ) 1ũ#-ũ%14/.ũ8ũ ũ!.+ .1 1ũ !4 -".ũ#2ũ-#!#2 1(.ē
2-($5 $9,=25$5 ',26 (1 (/ ,6/$0
&,8'$' '( -$3Ð1 )5$*$1&,$
ũũ
5Ì2 '( $/(0$1,$
5(/,*,26$
&257$5
6$172 (1 32578*8e6
5$02 /$5*2 < '(/*$'2 7(55,725,26 '( )( 0868/0$1$
$&725 '( /$ 7(/(129(/$ /26 +(5('(526 '(/ 0217(
$326(172 6Ì0%2/2 '( &5202
',63(56$
3(= '( $*8$
&$/,)$ É5$%(
%2&,2 3$3(5$
7(6252 3Ô%/,&2 48( 12 (6 /$
$,5( (1 ,1*/e6
&219,&7$ +8(92
0$1'$5
7$%(51$
)5(1$5 '(7(1(5 6Ì0%2/2 '(
7(50,1$&,Ð1
$=8)5(
7267$5
9(-%#1ũ
ŗũũ
;ij[ cWd]W \k[ Yh[WZe feh A_i^_ei^_ DW]W_ ieXh[ kd [f # d_ce heXej ]_]Wdj[ gk[ bkY^W YedjhW bWi \k[hpWi cWb_]dWi Z[ ik [d[c_]e" [b :h$ >[bb" kd Whgk[ be]e gk[ heXW bei i[Yh[jei Z[ kdW Y_l_b_pWY_ d Wkj cWjW fWhW Òd[i cWb # ÒYei [d fei Z[ bW Yedgk_ijW ckdZ_Wb$ Be d_Ye gk[ fk[Z[ ^WY[hb[ \h[dj[ [i [b _dl[dje Z[b fhe\[ieh @kpe AWXkje" CWp_d][h P$
$-867(
+8(62 /$5*2 '(/ $17(%5$=2
$&75,= &2/20 %,$1$ '( /$ 3(/Ì&8$/ 1$7,21$/
6$*5$'2 6Ì0%2/2 '( <2'2 ,*8$/
2%('(&(5
6(&5(72 3/$17$
&
$
5
0
$
$
5
2
7
&
$
6(*81'$ 127$ 086,&$/
5
2 +8(/*$
(0%$5&$&,Ð1 '(/ ',/89,2
1 2
$
$
5
7
2
1
5Ì2 '( &2/20%,$ *(672
/
$
0
$
5$',2
%
&
7
2 ,'($/ 3/$1 (0%867( 75$03$
&(/(%5,'$'(6 $
<D@C< ;LIB?<@D 1 (/,/ $ (0(. JF:@äCF>F =I8E:<J%# $ DÝO@DF <OGFE<EK< ;<C GFJ@K@M@JDF P GI<:LIJFI 5 ;<C =LE:@FE8C@JDF $
2 6Ì0%2/2 '( &2%$/72
',0,1872
, 48(0$
6Ì0%2/2 '( &$5%212
$/)$
5 6$%526$
2
&
$5*2//$
&$3,7$/ '( 1258(*$ 3$67$ *58(6$ '( 3$3(/
,5 (/ &$%$//2 $/ 7527( (0%52//2
,
$
$
&217,1(17(
5
% &,8'$' '( $5*(17,1$ 6Ì0%2/2 '(
5
5
$
$
%
7
(;7(16,Ð1
&
$
*
6Ì0%2/2 '(
$/7$5
$
*,7$12 '( 5$=$
&+$1=$ %85/$
$
38%/,&$5
&
$
'
(
$
(6&5,725 0(;,&$12
'
5
$
,035(6,Ð1
129(12
0$48(
(
$
0
,
0,1(5$/ 48( $75$( $/ $&(52 2),&,$/ '(/ (-e5&,72 785&2
2
&
$
7
$
5
/Ì5,&$
5
&219,&7$
$ &(59(=$
,1*/(6$ 6Ì0%2/2 '( &$/&,2
2 $3Ð&23( '(
72172 &,1&8(17$ (1 520$126
/
$ /
1 02/86&2 &()$/Ð32'2 $57Ì&8/2 )(0(1,12
$
*
5
$
75,81)$5 0$/9$'$ '(35$9$'$
0
0$0É
5 7(50,1$&,Ð1
6
/
(
5
(
$
*
2
1
(6&8/3,5 7$//$5
/,%52 '(
1
&
0$7$'(52 '( 5(6(6 (/2*,2
&252
/
(
2
1
7
2 5 6Ì0%2/2 '(
5
52(17*(1 $57Ì&8/2 )(0(1,12
$%255(&(5
&8$'5Ô3('2
'(0(17(
)/27$5 (1 (/
,*8$/'$' (1 /$ 683(5),&,( 62&,('$' $1Ð1,0$
$*8$
6Ì0%/2 '( 7$17$/,2
$
2
É7202
,1*/e6
5
0
$
/
$
$
/
$
&
6Ì0%2/2 '( 52(17*(1
*$5$17,=$5 $6,'(52
Ċŋ
}
.2_ũ (%4#+ũ -9
fbWd[W _dlWZ_h =h[Y_W Yed ik feZ[heie [` hY_je" Yed [b Òd Z[ [nfWdZ_h ik ?cf[h_e$ F[he [b lWb_[dj[ h[o B[ d_ZWi _dj[h# l_[d[" ehZ[dWdZe gk[ iki )&& ]k[hh[hei [ifWhjWdei Xbe# gk[[d [b d_Ye fWie feh j_[hhW ^WY_W =h[Y_W" [dl_|dZebei W kd Z[iÒbWZ[he Wd]eije ZedZ[ de feZh|d kiWh bW l[djW`W dk# c h_YW Z[ iki YecXWj_[dj[i$
ĸĈĐĐĒıĈđĉđĹ
ŗũũ
B Z[h ]k[hh_bb[he Xeb_l_Wde" `[\[ c_b_jWh [d bW ]k[hhW Z[ _dZ[f[dZ[dY_W Z[ 8eb_l_W" kd Z W Yece ^eo Z[ '.(+ Yedgk_ijW bW Y_kZWZ Z[ BW FWp o fheYbWcW bW _dZ[f[dZ[dY_W Z[b 7bje F[h $ Eh]Wd_p kdW Èh[fkXb_gk[jWÉ [d bW h[]_ d Z[ 7oefWoW" Wb deh[ij[ Z[ BW FWp" o f[hcWd[Y_ [d WhcWi YedjhW bei h[Wb_ijWi feh jeZe [b j_[cfe gk[ Zkh bW ]k[hhW Z[ _dZ[f[dZ[dY_W$ <k[ kde Z[ bei ÒhcWdj[i Z[b WYjW Z[ Z[YbWhWY_ d Z[ ?dZ[f[dZ[dY_W Z[ 8eb_l_W" o jWcX_ d c_d_ijhe o ]eX[hdWZeh Z[ BW FWp ZkhWdj[ [b ]eX_[hde Z[ IkYh[" gk[ be WiY[dZ_ W ][d[hWb$
: ũ }
#2!4 1(1ũ5(" ũ#-ũ#7./+ -#3 2ũ#23;ũ+#) -. CWoeh Wi[]kh gk[ [d [ij[ ce# c[dje ÆdWZ_[ j_[d[ Y ce ^WY[h kdW [ij_cWY_ d Z[ bW l_ZW [d ejhe fbWd[jWÇ" Wkdgk[ oW ^Wo ckY^ei [ijkZ_ei ieXh[ bWi fheXWXb[i YedZ_Y_ed[i Z[ Æ^WX_jWXb[iÇ Z[ Wb]kdei Z[ [bbei$ ÆDe ^Wo dWZW [ij_cWZe" de Z[iZ[ [b [d\egk[ \ i_Ye e X_eb ]_Ye$ >WXh| gk[ [if[hWh W bei [nf[# h_c[djei Z[b \kjkhe$ De [i Wb]e Z[ Yh[[h e de Yh[[h1 [i Wb]e Z[ Y_[dY_W" gk[ j_[d[ gk[ c[Z_hbe o [dYedjhWhbeÇ" Z_`e$ Gk[bep WXkdZ gk[ bei [ijkZ_ei
i[ WZ[djhWd [d YedeY[h Wb]kdWi Yecfei_Y_ed[i Z[ [iei [nefbWd[# jWi" Yk[ij_ed[i Z[ ]Wi" Wjc i\[hWi" Yed fheXWX_b_ZWZ Z[ [dYedjhWh cWiW i_c_bWh W bW Z[ bW J_[hhW" f[he i_d Z[j[hc_dWhi[" fehgk[ de i[ jhWjW Z[ [dYedjhWh Ækd ][c[be Z[ bW J_[hhWÇ$
ĸ)4-(.ũĉĉũıũ)4+(.ũĉĉĹ # ũ/14"#-3#ũ!.-ũ242ũ% 23.2ũ8ũ+.2ũ(-%1#ı 2.2ũ#731 2ũ/1.!41#ũ '.11 1+.2ũ8 ũ04#ũ#23.2ũ +#ũ2 ! 1;-ũ"#ũ!4 +04(#1ũ /41.ēũ #!4#1"#Ėũ 2(,(+#ũ+ 2ũ#7/#1(#-!( 2ũ8ũ /1.5_!'#+ 2ũ / 1 ũ24/#1 12#ē
ũũ
0$1*2
ũ;d [b W e *.& 7$9$" [b ŗũ WcX_Y_eie h[o @[h`[i Z[ F[hi_W
Ĕũ Bei Wijhe# \ i_Yei ik_pei C_Y^[b CWoeh o :_Z_[h Gk[bep WÒhcWhed Wo[h gk[ Z[j[hc_dWh i_ ^Wo l_ZW [d bei fbWd[jWi \k[hW Z[b i_ij[cW iebWh Z[iYkX_[hjei ^WijW W^ehW [i Wb]e cko b[`Wde" Wkdgk[ i[ jhWXW`W fWhW YedeY[hbei c[`eh$ 7cXei Y_[dj ÒYei \k[hed bei ]WdWZeh[i Z[b Fh[c_e <kdZWY_ d 88L7 È<hedj[hWi Z[b YedeY_c_[d# jeÉ [d bW YWj[]eh W Z[ 9_[dY_Wi 8|i_YWi (&'' feh ik jhWXW`e fWhW [b Z[iYkXh_c_[dje Z[ fbWd[jWi \k[hW Z[b i_ij[cW iebWh$
3(6&$
/21*,78' 5Ì2 '(/ (&8$'25
1 )5$*$1&,$ &$552 (1
: ũũ
$57( '(
0(','$ '(
3
1
2%('(&(5 $3Ð&23( '(
3(/Ì&8/$ )$,5 *$0(
9(5%$/ 5(< '( /26 $1,0$/(6
%252
0(','$ '( /21*,78'
$
$&725 '( (( 88 '( /$
ĸ, 8.ũĉĈũıũ)4-(.ũĉĈĹ 4ũ,#-3#ũ2#ũ %(+(3 ũ+.ũ!4 +ũ 84" ũ ũ242ũ #234"(.2ēũ ũ5(" ũ!.-ũ242ũ'#1, -.2ũ+#ũ /.13 ũ,4!' ũ$#+(!(" "ũ8ũ#23 (+(" "ēũ #!4#1"#Ėũ 2(,(+#ũ+ 2ũ#7/#1(#-!( 2ũ8ũ /1.5_!'#+ 2ũ/ 1 ũ24/#1 12#ē
$6(17$5 5(/$7,92 $ /$ %2&$
&20326,&,Ð1
$
$*5(',5
(
1
7(50,1$5
&25$=Ð1
$
&
7$3,5
$
&21&/8,5 $57(5,$ '(/
7
&20 $87Ð0 '( (63$f$
$
(
9$6&$
$
(
7
2
5
*8(55,//$
5
6
5
$
8
1$9(
$
2
$
$&75,= '( /$ 3(/Ì&8/$ $48$0$5,1(
/
2
$5$5
$
62&,('$'
*58(62
$
2(67( $&&,Ð1 '(
2
$
$1Ð1,0$
(
2
6
2
086,&$/
5
'
&$17,'$'
1
,
0
,167580(172
$'9(5%,2 '(
$
9(5'$'(52
2
2
(
$
48,7$5 /$ 9,'$
6 %2&,2 3$3(5$
7
/
5
20(*$
;
$3817$5
7,=$
&2)5( (/ *5$1'( < '( 08&+2 )21'2
$
^ ũ
&,17$ '( $/*2'Ð1
75(3$'25$ 3
ĸ 1(+ũĉćũıũ, 8.ũĉćĹ #-31.ũ"#ũ24ũ'.% 1ũ5(5 ũ#-ũ 1,.-~ ũ";-ı ".+#ũ#+ũ+4% 1ũ04#ũ+#ũ!.11#2/.-"#ũ ũ! " ũ 4-.ũ"#ũ+.2ũ(-3#%1 -3#2ũ"#ũ#23#ēũ (5#12(¢-ũ 8ũ +#%1~ ũ!.-ũ24ũ$ ,(+( ēũ #!4#1"#Ėũ ¢+.ũ+.2ũ !.-23 -3#2ũ31(4-$ -ē
,10(',$7$
+,5$&2,'(2
6ROXFLyQ DQWHULRU
ũũ
&$17Ð1 '( ,0%$%85$ 35Ð;,0$
(67$'2 '( $6,$ 0$0Ì)(52
1$7$ '( /$ /(&+(
ĔũĈĒĖĊĎ
3$&72
$)Ð1,&2
&$'(5$
6
Ċćć
35,1&(6$ ,1&$
%/$1&2
-$&7$1&,$
+8(62 '( /$
ĸ, 19.ũĉĈũıũ 1(+ũĈĒĹ "ēũ"(2$143 1;ũ,4!'.ũ,;2ũ"#ũ+ ũ!.,/ ~ ũ "#ũ242ũ'().2ēũ 2ũ/1. +#ũ04#ũ+ ũ$ ,(+( ũ !1#9! ēũ (5#12(.-#2ũ8ũ/+ !#1#2ũ#23 1;-ũ ũ + ũ.1"#-ũ"#+ũ"~ ēũũ #!4#1"#ĖũĞ:-(,.ĝũ ēēēũ Ğ "#+ -3#ĝ
&,8'$' '( &2/20%,$
&$%(//2
267(17$&,Ð1
ũ ĔũĈĊĖćć
&2%$/72
%(//$&2
,1*/e6 $3Ð&23( '( 3$3É
&$'(5$
ũũ
6Ì0%2/2 '(
(675(//$ (1
9(5%$/
ĸ$# 1#1.ũĉćũıũ, 19.ũĉćĹũ 1 3#ũ"#ũ, -3#-#1ũ4- ũ5(" ũ !3(5 ũ8ũ4- ũ 4#- ũ +(,#-3 !(¢-ēũ .2ũ#)#1!(!(.2ũ! 1"(.ı 5 2!4+ 1#2ũ2.-ũ+.2ũ04#ũ,;2ũ+#ũ$ 5.1#!#-ēũ #!4#1"#Ėũ !_/3#2#ũ8ũ+.2ũ"#,;2ũ+.ũ !#/3 1;-ēũ
3$57( '(/
0,60$
ĸ#-#1.ũĉćũıũ$# 1#1.ũĈĒĹ (2$143 1;ũ,4!'.ũ"#ũ+ ũ!.,/ ~ ũ"#ũ24ũ / 1#) ũ8 ũ04#ũ#23 ũ2#1;ũ,;2ũ"(5#13(" ũ8ũ +#%1#ēũ 2ũ2 +(" 2ũ8ũă#23 2ũ2#1;-ũ$1#!4#-ı 3#2ũ!.-ũ24ũ/ 1#) ēũ #!4#1"#Ėũ #2#!'#ũ+.ũ 04#ũ+#ũ/#1)4"(! ē
ũũ
'8/&(
7(,'2 '( 6('$
Ġ !(¢ũ4-ũ"~ ũ!.,.ũ'.8ğ
ĸ)4+(.ũĉĊũıũ %.23.ũĉĉĹũ "ēũ5#1;ũ+ ũ5(" ũ!.-ũ, 8.1ũ./3(,(2,.ũ 8ũ +#%1~ ēũ 4ũ! 1;!3#1ũ $ +#ũ+#ũ' 1;ũ,48ũ 31 !3(5.ũ8ũ+.ũ, -3#-"1;ũ1."# ".ũ"#ũ %#-3#ēũ #!4#1"#Ėũ (ũ24ũ!.1 9¢-ũ Ì-ũ#23;ũ 24 "#2 11.++ ".Ĕũ(-"Ì9! +.ũ ũ , 1ē
ũũ
ĸ %.23.ũĉĊũıũ2#/3(#, 1#ũĉĉĹ -$1#-3 1;ũ!.-ũ5 +#-3~ ũ8ũ./3(,(2,.ũ +.2ũ/1. +#, 2ēũ +ũ/ 2 ".ũ+#ũ' ũ"#) ".ũ #-2# -9 2ũ,48ũ5 +(.2 2ēũ #-#1.2(" "ũ 8ũ"#2#.2ũ"#ũ 84" 1ēũ #!4#1"#Ėũ #-"(%.ũũ !.,.ũ2.8Ĕũ2.8ũ(%4 +,#-3#ũ/. 1#ũ#-ũ2#1ũ %1 "#!(".ē
ũũ
ĸ2#/3(#, 1#ũĉĊũıũ.!34 1#ũĉĉĹ 4 +04(#1ũ !3(5(" "ũ04#ũ1# +(!#ũ!.-ũ242ũ ,(%.2ũ2#1;-ũ#-1(04#!#".1 2ũ/ 1 ũ "ēũũ 4ũ5(2(¢-ũ' !( ũ#+ũ$4341.ũ2#1;ũ -(, " ēũ #!4#1"#Ėũ 1#ũ!.-ũ2#-2 3#9ũ8ũ2(3Ì#ũ+.2ũ '#!'.2ũ#-ũ4- ũ/#12/#!3(5 ũ1# +(23 ē
ũũ
ĸ.!34 1#ũĉĊũıũ-.5(#, 1#ũĉĈĹũ
ũ1#+ !(¢-ũ!.-ũ242ũ)#$#2ũ2#1;ũ 4#- ũ/#1.ũ /1.!41#ũ, -3#-#1ũ+ 2ũ"(23 -!( 2ũ/ 1 ũ 2~ũ #5(3 1ũ04#ũ2# -ũ".,(- -3#2ēũ #!4#1"#Ėũ 1 )#ũ!.-ũ +#%1~ ũ/ 1 ũ04#ũ2# ũ, 8.1ũ+ ũ 2 3(2$ !!(¢-ũ"#ũ1# +(9 1ũ242ũ3 1# 2ē
ũũ
ĸ-.5(#, 1#ũĉĉũıũ"(!(#, 1#ũĉĈĹũ "ēũ"(2$143 1;ũ,4!'.ũ,;2ũ"#ũ+ ũ5(" ũ8ũ"#ũ ! " ũ#7/#1(#-!( ũ04#ũ5(5 ēũ .2ũ5( )#2ũ+#ũ #-1(04#!#-ũ,4!'.ũ8ũ 84" -ũ ũ,#).1 1ũ24ũ '4,.1ēũ #!4#1"#Ėũ .ũ/(#1" ũ#+ũ3(#,/.ũ#-ũ + ,#-3 !(.-#2ũ#23_1(+#2ē
ũũ
ĸ"(!(#, 1#ũĉĉũıũ#-#1.ũĈĒĹ
ũ5(" ũ#,.!(.- +ũ24$1#ũ! , (.2ũ8ũ 31 -2$.1, !(.-#2ũ/1.$4-" 2ũ+ 2ũ!4 +#2ũ+#ũ ' !#-ũ5#1ũ+ ũ5(" ũ"#+ũ+ ".ũ/1.5#!'.2.ũ8ũ2(-ũ + ,#-3 !(.-#2ēũ #!4#1"#Ėũ .ũ1# +,#-3#ũ (,/.13 -3#ũ#2ũ24ũ#04(+( 1(.ũ#,.!(.- +ũ8ũ 24ũ31 -04(+(" "ē
Ä Ä†
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
g Ĺ?ĂĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. Ĺ?
ĹŠ ÂĄ
#22(Ŋ#-!.-31¢Ŋ4- Ŋ ļ 1 5(++ ČŊ"#Ŋ/ 1#)
2/#1#Ŋ,  - Ŋ#-Ŋ+ Ŋ#"(!(¢-Ŋ"#Ŋ .-Ŋ +¢-Ŋĸ!(1!4+ Ŋ%1 3(2Ŋ!.-Ŋ
ĹŠ .1 ĚŊ4- ĹŠ-.3 ĹŠ#2/#!( +ĹŠ"#ĹŠ +#7(2ĹŠ ;-!'#9ĔŊ#+ĹŠÄĽ!.,/  #1.ĹŠ 1 5(++ ÄŚĹŠ04#ĹŠ #22(ĹŠ3(#-#ĹŠ#-ĹŠ#+ĹŠ 1!#+.- Ä“ "#,;2ĔŊ4-ĹŠ(-$.1,#ĹŠ2. 1#ĹŠÄĽ#+ĹŠ, "1("(23 ĹŠ"#ĹŠ+.2ĹŠ 1.3#2ĹŠ5(.+#-3.2ÄŚĹŠ 8ĹŠ+ ĹŠ31 2!#-"#-!( ĹŠ"#ĹŠÄĽ '4!'.ÄŚĹŠ #-~3#9ĹŠ#-ĹŠ#+ĹŠ$ĂŒ3 .+ĹŠ,#7(! -.Ä“ĹŠ ĹŠ -(5#+ĹŠ+.! +ĔŊ!.-.9! ĹŠ ĹŠ+.2ĹŠ.!'.ĹŠ)4% ".1#2ĹŠ04#ĹŠ' -ĹŠ,(+(3 ".ĹŠ#-ĹŠ+.2ĹŠ !4 31.ĹŠ%1 -"#2ĹŠ#04(/.2ĹŠ"#+ĹŠ +.,/(_ĹŠ#!4 3.1( -.Ä“
ÄĽ .ĹŠ,#ĹŠ 2423 ĹŠ #-$1#-3 1ĹŠ+ ĹŠ
( #13 ".1#2ÄŚ ĹŠ
+ĹŠ ĹŠ"#ĹŠ.1(%#-ĹŠ414%4 8.ĹŠ2#ĹŠ +(23 ĹŠ/ 1 ĹŠ $1.-3 1ĹŠ24ĹŠ/1(,#1ĹŠ 1#3.ĹŠ(-3#1- !(.- +Ä“ ŊěŊ;b [ijhWj[]W khk]kW# oe CWhY[be <b[_jWi iWX[ gk[ j_[d[ kdW ]hWd h[ifediWX_b_ZWZ Yece [djh[dWZeh Z[ ;c[b[Y [d bW 9efW B_X[hjWZeh[i Z[ 7cƒh_YW" f[he Z_`e gk[ be W\hedjWh| Yed WbjkhW$ ÆDe c[ WikijW [d\h[djWh B_# X[hjWZeh[i Yece jƒYd_Ye" fk[i c[ i_[dje YWfWp o be W\hedjWhƒ Yed WbjkhW [d be \kjXeb‡ij_Ye o [d be j|Yj_Ye$ J[d]e YbWhW bW i_jkW# Y_ÂŒdÇ" WZ[bWdjÂŒ [b jƒYd_Ye dWY_e# dWb_pWZe [YkWjeh_Wde [d Z_|be]e fWhW BW >ehW$
h[YehZ[cei gk[ B_X[hjWZeh[i [i kd jehd[e ]hWdZ[" [b YkWb jeZei gk_i_ƒhWcei ]WdWh$ Ä #ĹŠ2(#-3#ĹŠ/1#2(.- ".Ä&#x;
9ece `k]WZeh [ijkl[ XW`e fh[# i_Œd" W^ehW Yece jƒYd_Ye jWc# X_ƒd$ Ieo YedY_[dj[ Z[ gk[ [i Z_\[h[dj[ fehgk[ Wikce jeZW bW h[ifediWX_b_ZWZ Z[ be gk[ fWi[ Yed [b [gk_fe" f[he Yed\‡e [d [b jhWXW`e gk[ ^[ WhcWZe Yed bei Y^_Yei$
-31#- ".1 3.2
Ĺ—ĹŠ ., 1#Ä–ĹŠ 4+(.ĹŠ 1!#+.ĹŠ +#(3 2ĹŠ (+5#(1 ĹŠ #!' ĹŠ"#ĹŠ !(,(#-3.Ä–ĹŠ Ĺ—ĹŠĹŠĹŠÄˆĹŠ"#ĹŠ2#/3(#, 1#ĹŠ"#ĹŠÄˆÄ’Ä?ĊŊĸĊđŊ  .2Äš Ĺ—ĹŠ 4% 1Ä–ĹŠ .-3#5("#.ĔŊ 14%4 8 Ĺ—ĹŠ !(.- +(" "Ä–ĹŠ414%4 8 ŊĹŊ#!4 3.1( - Ĺ—ĹŠ 1%.Ä–ĹŠ#-31#- ".1ĹŠ"#+ĹŠ ,#+#!
i_[dje Yedj[dje Z[ Z_h_]_h W kd [gk_fe Yece ;c[b[Y" gk[ ^W Yh[# Y_Ze [d jeZe i[dj_Ze$ ;d bW YWb_# ZWZ ^kcWdW Z[ YWZW kde" feh [b [cf[‹e gk[ fed[cei Z‡W W Z‡W$ BW Z_h_][dY_W Yed\‡W [d c‡ o de Ä #ĹŠ 2423 ĹŠ"# 43 1ĹŠ#-ĹŠ ( #13 ".1#2ĹŠ b[i \WbbWhƒ" be Wi[]khe$ 7Z[c|i j[d]e kdW fbWdj_bbW gk[ i[ ^W Ä 4;+#2ĹŠ 2.-ĹŠ + 2ĹŠ #7/#!3 3(5 2ĹŠ 04#ĹŠ !.,.ĹŠ3_!-(!.Ä&#x; De" fWhW dWZW0 [ie de c[ Wiki# WZWfjWZe W c_ h_jce Z[ `k[]e0 3(#-#ĹŠ!.-ĹŠ#+ĹŠ#04(/.ĹŠ/ 1 ĹŠÄ‰Ä‡ÄˆÄ‰Ä&#x; J[d]e bWi c[`eh[i [nf[YjWj_lWi" jW$ 7ikce [iW h[ifediWX_b_ZWZ" dei ^[cei ]WdWZe [b h[if[je o Yed kdW fbWdj_bbW Z[ )( `k]WZe# Wi‡ Yece be ^_Y[ Wb [d\h[djWh [d bW YWdY^W lWcei W i[h W]h[i_# h[i$ 7fkdje W Xk[dei h[ikbjWZei kdW Ă’dWb Z[ YWcf[edWje$ 9h[e lei$ [d bei Zei jehd[ei0 9efW B_X[h# gk[ [ijeo W bW WbjkhW" [d be \kj# jWZeh[i o 9Wcf[edWje DWY_edWb$ Xeb‡ij_Ye o j|Yj_Ye" eXl_Wc[dj[ Ä #ĹŠ /1#.!4/ ĹŠ #+ĹŠ 1#24+3 ".ĹŠ -3#ĹŠ #+ĹŠ C_i eX`[j_lei ied X_[d YbWhei$ ^Wo YeiWi gk[ W‘d j[d]e gk[ Ä&#x; B_X[hjWZeh[i e 9Wcf[edWje Yehh[]_h$ Ieo kd j_fe gk[ j_[d[ Oe de Yh[e gk[ ^WoW i_Ze kd cWb ;YkWjeh_Wde" ÂľW Yk|b b[ ZWh| cW# YbWhW bW i_jkWY_ÂŒd$ fWhj_Ze$ Jkl[ kd [gk_fe jeZe [b j_[cfe W]h[i_le" `k]Wcei X_[d oeh fh_eh_ZWZ5 7b fh_dY_f_e W bei Zei" eXl_W# Ä #2 ĹŠ+ ĹŠ1#2/.-2 (+(" "ĹŠ"#ĹŠ2#1ĹŠ#-Äą Wb \‘jXeb" jkl_cei ckY^Wi efeh# c[dj[" bk[]e _h[cei l_[dZe [d 31#- ".1Ä&#x; jkd_ZWZ[i Z[ ]eb gk[ bWc[djW# Yk|b [ijWh[cei c[`eh Wkdgk[ ;i Z[cWi_WZe ]hWdZ[" f[he c[ Xb[c[dj[ de i[ YedYh[jWhed$
Ä“ĹŠ +#(3 2ĹŠ"(!#ĹŠ04#ĹŠ3(#-#ĹŠ!+ 1.2ĹŠ242ĹŠ. )#3(5.2ĹŠ!.-ĹŠ ,#+#!Ä“ĹŠ
@k]Wcei Z[ _]kWb W _]kWb Yed kd [gk_fe gk[ f[i[ W gk[ j_[d[ c|i [nf[h_[dY_W de i[ dejÂŒ bW Z_\[h[d# Y_W$ C[h[Y_cei ]WdWh$ Ä 4#ĹŠ!14!( +ĹŠ/ 1 ĹŠ"#ă-(1ĹŠ +ĹŠ#04(/.Ä&#x;
I_" eXl_Wc[dj[$ Kde `k[]W [ijei Wc_ijeiei Yed [gk_fei Z[ ejhe fW‡i" fehgk[ i_hl[ Yece [lW# bkWY_ÂŒd$ ;ijeo eh]kbbeie Z[ bei `k]WZeh[i gk[ i[ [ij|d WZWfjWd# Ze W c_ cƒjeZe o [ie [i Xk[de fWhW c‡$ Ä 42! 1;ĹŠ1##,/+ 9.ĹŠ/ 1 ĹŠ .1 -3#Ä&#x;
De Yh[e$ 7^ehW c[ gk[ZWhƒ Yed bei `k]WZeh[i gk[ j[d]e$ ;i# jeo W`kijWdZe YWcX_ei [d [ijei Wc_ijeiei fWhW l[h i_ ^WY[ \WbjW jhW[h e de W kd `k]WZeh [d [iW fei_Y_ÂŒd" eXl_Wc[dj[ gk[ ƒb [hW _cfehjWdj[ [d dk[ijhe [b[dYe f[he oW de [ij|$ Ä 45#-(+#2ĹŠ2#ĹŠ04#) -ĹŠ/.1ĹŠ-.ĹŠ2#1ĹŠ 2Äą
!#-"(".2ĹŠ ĹŠ/+ -3(++ ĹŠ/1(-!(/ +Ä&#x;
De iƒ fehgk[ de ^Wd h[Ykhh_Ze Wb jƒYd_Ye Z[ bWi h[i[hlWi gk[ [i [b i[‹eh I_blW @kWd HWcÂŒd e W c‡$ ;ijWcei jhWXW`WdZe [d Yed`kdje" ^_Y_cei kdW fh[j[c# fehWZW [d jh[i jkhdei o de jkl_# cei j_[cfe" f[he c[ iehfh[dZ[ fehgk[ oe bei jhWje cko X_[d$ I_ i[ [ij|d gk[`WdZe [i fehgk[ de [ij|d Z[ WYk[hZe Yed c_ cƒje# Ze Z[ fhk[XW" Z[ fhedje de lWd W bei [djh[dWc_[djei$ Ieo cko YbWhe0 [b `kl[d_b gk[ WiY_[dZW i[h| fehgk[ oe l[W gk[ i[ [i# \k[hpW c|i de feh gk[ c[ gk_[# hW c[j[h fh[i_ÂŒd$ Ä ĹŠ 4_ĹŠ#204#, ĹŠ"#ĹŠ)4#%.ĹŠ42 1;Ä&#x;
I[]k_hƒ jhWXW`WdZe Yed b‡d[W Z[ jh[i fehgk[ c[ ]kijW ckY^e" f[he [lWbkWhƒ ejhWi b‡d[Wi Yece bW Z[ YkWjhe gk[ jWcX_ƒd bW kj_b_# pe e bW gk[ c|i h|f_Ze i[ WZWfj[ Wb i_ij[cW$
" +Ä–ĹŠÄĽ (ĹŠĂŒ-(! ĹŠ./!(¢-ĹŠ!.-31 ĹŠ #"#1#1ĹŠ#2ĹŠ)4% 1+#ĹŠ"#ĹŠ3ĂŒĹŠ ĹŠ3ĂŒÄŚ ĔŊ ŊěŊ ;b j[d_ijW [ifW#
‹eb HW\W[b DWZWb i[‹WbÂŒ jhWi Yed# i[]k_h bW YbWi_Ă’YWY_ÂŒd fWhW bWi i[c_Ă’dWb[i Z[b 7X_[hje Z[ 7ki# jhWb_W" [d bWi gk[ i[ [d\h[djWh| W He][h <[Z[h[h" gk[ bW ‘d_YW ef# Y_ÂŒd Z[ Z[hhejWh Wb j[d_ijW ik_pe [i `k]Whb[ Z[ _]kWb W _]kWb o j[d[h c|i _dj[di_ZWZ o W]h[i_l_ZWZ gk[ Wo[h Wdj[ JecWi 8[hZoY^$
ÆDei YedeY[cei cko X_[d [b kde Wb ejhe$ Iƒ gk[ iWbZh| W `k# ]Whc[ ejhW l[p W]h[i_le" Yece c[ ^_pe [d [b CWij[hi Z[ Bed# Zh[i" ZedZ[ b[ \kdY_edÂŒ cko X_[d" o j[d]e gk[ [ijWh c|i l_le Z[ f_[hdWi" ckY^e c|i W]h[i_le o `k]Wh Yed kdW _dj[d# i_ZWZ Yed bW gk[ Wo[h de `k]kÂƒĂ‡" [nfb_YÂŒ$
ÆDe j_[d[ gk[ [dYedjhWh bei ]ebf[i ]WdWZeh[i jWd \|Y_b[i Yece bei [dYedjhÂŒ W^‡" d_ f[hc_# j_hb[ gk[ c[ Z[`[ [d kdW fei_Y_ÂŒd cko d[]Wj_lW Z[iZ[ bW fh_c[hW XebW" fehgk[ bWi fei_X_b_ZWZ[i Z[ ƒn_je i[h|d dkbWi$ C_ ‘d_YW efY_ÂŒd [i `k]Whb[ Z[ j‘ W j‘" i_d f[hZ[h f_ijW" o gk[ i_[djW gk[ fWhW ]WdWh bei fkdjei j_[d[ gk[
]ebf[Wh W bW f[bejW XWijWdj[i l[# Y[i X_[dÇ" W]h[]ÂŒ$ IeXh[ ik Zk[be Z[ YkWhjei Z[ Ă’dWb Wdj[ JecWi 8[hZoY^" Wb gk[ Z[hhejÂŒ feh ,#- + " -#, , " ,#* o ,#)" [nfb_YÂŒ0 Æ;cf[Yƒ d[hl_eie o feYe W feYe \k_ c[`eh$ DWZWb o <[Z[h[h i[ [d\h[djW# h|d feh bWi i[c_Ă’dWb[i Z[b jehd[e [b `k[l[i W bWi &)0)& Z[ ;YkWZeh$
Â&#x; Ä“ĹŠ " +ĹŠ!#+# 1 ĹŠ+ ĹŠ 5(!3.1( ĹŠ!.-2#%4(" ĹŠ$1#-3#ĹŠ +ĹŠ!'#!.ĹŠ '., 2ĹŠ #1"8!'Ä“
Ä Ä‡
4% ".1#2ĹŠ04#ĹŠ++#% -
g ĂĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
~34+.2 - !(.- +#2ĹŠ
+(" "ĹŠ8ĹŠ243(+#9
ĹŠĹŠĹŠĹŠĹŠ (!' ĹŠ3_!-(! Ä–
ĈĒÄ?ÄŒÄ”ĹŠÄˆÄ’Ä?đĔŊĉććđĔŊĉććĒŊ8ĹŠÄ‰Ä‡ÄˆÄˆ +ĹŠ#04(/.ĹŠ- !(¢Ŋ!.,.ĹŠ .!(#" "ĹŠ #/.13(5 ĹŠ 1%#-3(- ĹŠ#+ĹŠÄ’ĹŠ"#ĹŠ)4+(.ĹŠ "#ĹŠÄˆÄ’ÄŒÄ‡ĹŠ8ĹŠĹŠ$4#ĹŠ1#$4-" ".ĹŠ#+ŊĉÄ?ĹŠ"#ĹŠ $# 1#1.ĹŠ"#ĹŠÄˆÄ’ÄŽÄŽĹŠ!.,.ĹŠ .!(#" "ĹŠ #/.13(5.ĹŠ 4(3.Ä“
ŊŊ ., 1#ĖŊ .!(#" "Ŋ #/.13(5.Ŋ ŗ 4(3. ŊŊ /.".ĖŊ ! "#,( ĔŊ 04(/.Ŋ"#Ŋ ŗ+ Ŋ (4" "ĔŊ +Ŋ 04(/.Ŋ"#Ŋ Ŋ + 9 Ŋ
"#+Ŋ # 31.ĔŊ .2Ŋ '4++ 2ĔŊ+ Ŋ . +#Ŋ -23(34!(¢-Ŋ8Ŋ#+Ŋ 04(/.Ŋ"#Ŋ+.2Ŋ".2Ŋ .1 9.-#2ē
Ĺ—ĹŠĹŠ 4-" !(¢-ĖŊĉÄ?ĹŠ"#ĹŠ$# 1#1.ĹŠ"#ĹŠÄˆÄ’ÄŽÄŽ Ĺ—ĹŠĹŠ 23 "(.Ä–ĹŠ +~,/(!.ĹŠ 3 '4 +/ Ĺ—ĹŠĹŠ / !(" "Ä–ĹŠÄŒÄŽÄ“Ä‡Ä‡Ä‡ Ĺ—ĹŠĹŠ 1#2("#-3#Ä–ĹŠ #1- -".ĹŠ -3(++
4% ".1#2 04#Ŋ2#Ŋ$4#1.ŗŊ (1.Ŋ ,/.2 ŗŊ (+.Ŋ 11#3#1. ŗŊ .1%#Ŋ ¢1". ŗŊ 26 +".Ŋ (-" ŗŊ (!' #+Ŋ 231. ŗŊ #"1.Ŋ 23#1(++
3.2ĹŠ"#+ĹŠ!+4
ÄŽĹŠ,(++.-#2ĹŠ "#ĹŠ"¢+ 1#2 Ĺ—ĹŠ ĹŠ ĹŠ ĹŠ Ä– #-#1 +ĹŠÄ?ĹŠ"¢+ 1#2ĔŊ31( 4- ĹŠÄˆÄŽÄ”ĹŠ/ +!.ŊĊćē
Ĺ—ĹŠ ĹŠ ĹŠ ĹŠ Ä– #+# , 9.- 2
04(/.ĹŠ "# + Ĺ—ĹŠ 1!#+.ĹŠ +(9 % Ĺ—ĹŠ #"1.ĹŠ #+ 2!. Ĺ—ĹŠ 4(2ĹŠ '#! Ĺ—ĹŠ (.5 --8ĹŠ 2/(-.9 Ĺ—ĹŠ 2 !ĹŠ (- Ĺ—ĹŠ:+#7ĹŠ .+ Â .2 Ĺ—ĹŠ -3( %.ĹŠ .1 +#2 Ĺ—ĹŠ 4(2ĹŠ #1- -".ĹŠ 1(3 , Ĺ—ĹŠ 4 -ĹŠ 1+.2ĹŠ 1#"#2 Ĺ—ĹŠ ("#+ĹŠ 13~-#9 Ĺ—ĹŠ 7(,(+( -.ĹŠ #5 !04
ĹŠ : ĹŠ ĹŠ
ēŊ .2Ŋļ 94+%1 - 2ČŊ31 ) -Ŋ!.-Ŋ,(1 2Ŋ Ŋ+ Ŋ/1#2#-3 !(¢-Ŋ"#+Ŋ2; ".ē
ĹŠÄĽ ÄŚĹŠ ĹŠ ĹŠ ĹŠ } #/.13(5.ĹŠ 4(3.ĹŠ"# 43 1;ĹŠ#-ĹŠ#+ĹŠ3.1-#.ĹŠ+.! +ĹŠ -3#ĹŠ ! 1;ĹŠ8ĹŠ#-ĹŠ ./ ĹŠ ( #13 ".1#2ĹŠ5(2(3 1;ĹŠ ĹŠ '(5 2ĹŠ"#ĹŠ 4 " + ) 1 Ä“ ;b Wh][dj_de 9Whbei ?iY^_W i[h| [b j_ced[b Z[b [gk_fe Ăˆ7pkb]hW# dWÉ fWhW W\hedjWh bei jh[i jehd[ei eĂ’Y_Wb[i gk[ j[dZh| :[fehj_le Gk_je fWhW [ij[ (&'($ H[lWb_ZWh [b j‡jkbe dWY_edWb o be]hWh bW fh_# c[hW \Wi[ Z[ 9efW B_X[hjWZeh[i o 9efW IkZWc[h_YWdW i[h|d bei fh_dY_fWb[i eX`[j_lei Z[b fbWdj[b$ BW Ăˆ7A:É [i [b [gk_fe gk[ c|i YedjhWjWY_ed[i h[Wb_pÂŒ fWhW [ij[ W‹e" [d jejWb bb[]Whed ', `k]WZe# h[i dk[lei Wb [gk_fe$ @W_c[ ?l|d AWl_[Z[i o =_elWddo ;if_de# pW ied bei `k]WZeh[i Z[ cWoeh [nf[h_[dY_W$ ;d YkWdje W bW YkejW \eh|d[W" CWn_c_b_Wde 8[lWYgkW o CWj‡Wi 7bkij_pW \k[hed h[delWZei feh iki ]eb[i [d bW j[cfehWZW fWiW# ZW$ ;b WjWgk[ \k[ h[\ehpWZe Yed bW bb[]WZW Z[ Bk_i C_]k[b ;iYW# bWZW o MWbZ[cWh 7YeijW WcXei ]eb[WZeh[i [d CWdjW o JƒYd_Ye Kd_l[hi_jWh_e h[if[Yj_lWc[dj[$ Bei ĂˆY^kbbWiÉ de j[dZh|d fhe# Xb[cWi [d fWhj[ e\[di_lW" oW gk[ j_[d[d [d [i[ bk]Wh ]hWd YWdj_ZWZ Z[ Whj_bb[hei" gk[ bkY^Wh|d iWdW# c[dj[ feh ]WdWhi[ kd fk[ije$ Æ>Wo cko Xk[dei `k]WZe# h[i [d bW Z[bWdj[hW" f[he [ijeo jhWdgk_be" ^Wo gk[ jhWXW`Wh Yed bW c_icW ^kc_bZWZ o ]WdWi Z[ i_[cfh[Ç" Z_`e MWbZ[cWh 7Yei# jW" Z[bWdj[he Z[ bei ĂˆY^kbbWiÉ$
Bk_i C_]k[b ;iYWbWZW [i ejhe Z[ bei Z[bWdj[hei gk[ [d bW fh|Y# j_YW Z[ Wo[h WdejÂŒ o i[ f[hĂ’bW Yece kde Z[ bei YWdZ_ZWjei fWhW WYecfW‹Wh W CWn_c_b_Wde 8[# lWYgkW e W <_Z[b CWhj‡d[p$ Æ=hWY_Wi W :_ei i[ c[ [ij| WXh_[dZe [b WhYe o ^[ feZ_Ze cWhYWh ]eb[i" f[he e`Wb| YkWdZe [cf_[Y[ bW ^ehW Z[ bW l[hZWZ" gk[ [i [b YWcf[edWje o bW 9efW B_# X[hjWZeh[i fk[ZW Yedl[hj_h" gk[ fWhW [ie bb[]kƒ Wb [gk_feÇ" cWd_# \[ijÂŒ Bk_i C_]k[b ;iYWbWZW$ ;d YkWdje W be gk[ i[h| bW fWhj_Y_fWY_ÂŒd Z[b Ăˆ;gk_fe Z[ bW 9_kZWZÉ [d 9efW B_X[hjWZeh[i" WcXei Z[bWdj[hei Ye_dY_Z[d [d gk[ [i kd ÆZ[iW\‡e ]hWdZ[Ç" f[he [i kd h[je gk[ [b :[fehj_le Gk_je Z[X[ Wikc_hbe Z[ bW c[# `eh cWd[hW fWhW be]hWh WlWdpWh be c|i b[`ei fei_Xb[ [d [ijW Y_jW Yedj_d[djWb$
Ĺ—ĹŠ Ä–ĹŠÄŠÄŒĹŠ  .2 Ĺ—ĹŠ Ä–ĹŠ !4 3.1( - Ĺ—ĹŠ ÂĄ Ä– #+ -3#1. Ĺ—ĹŠ Â&#x; ĹŠ ĹŠ Ä–ĹŠÄˆÄ’Ä’ÄŽ Ĺ—ĹŠ ĹŠ ĹŠ Ä–ĹŠ ,#+#!
.3#-!( ĹŠ.$#-2(5
ĹŠĹŠĹŠĹŠĹŠ (!' ĹŠ3_!-(! Ä–
ĹŠ ĹŠ ĹŠ
Ĺ—ĹŠ Ä– ĉĎŊ  .2 Ĺ—ĹŠ Ä–ĹŠ 1%#-3(- Ĺ—ĹŠ ÂĄ Ä– #+ -3#1. Ĺ—ĹŠ Â&#x; ĹŠ ĹŠ Ä– ĉććČ Ĺ—ĹŠ ĹŠ ĹŠ Ä–ĹŠ .! ĹŠ 4-(.12
13 ĹŠ"#ĹŠ%.+
7/#1(#-!( ĹŠ#-ĹŠ+ ĹŠ9 % (!' ĹŠ3_!-(! Ä–
ĹŠ ĹŠ
Ĺ—ĹŠ Ä– ÄŠÄŒĹŠ  .2 Ĺ—ĹŠ Ä–ĹŠ !4 3.1( - Ĺ—ĹŠ ÂĄ Ä–ĹŠ #$#-2 ĹŠ!#-31 + Ĺ—ĹŠ Â&#x; ĹŠ ĹŠ Ä–ĹŠÄˆÄ’Ä’Ä? Ĺ—ĹŠ ĹŠ ĹŠ Ä–ĹŠ 4! 2
ĹŠĹŠĹŠĹŠĹŠ (!' ĹŠ3_!-(! Ä–
ĹŠ ĹŠ
Ĺ—ĹŠ ĖŊĉĎŊ  .2 Ĺ—ĹŠ Ä–ĹŠ 14%4 8 Ĺ—ĹŠ ÂĄ Ä–ĹŠ #+ -3#1. Ĺ—ĹŠ Â&#x; ĹŠ ĹŠ ĖŊĉććÄ? Ĺ—ĹŠ ĹŠ ĹŠ Ä–ĹŠ .+.-(
g ĂĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
Ä Äƒ
(9 11.Ŋ 3.,¢Ŋ+ 2Ŋ 1(#-" 2
ĹŠ ĹŠ
1, 2ĹŠ8ĹŠ _/#9ĹŠ 2#ĹŠ5#1;-ĹŠ+ 2ĹŠ! 1 2ĹŠ
Ĺ—ĹŠĹŠĹŠ
F[he de iŒbe ?cXWXkhW o LWbb[ Z[b 9^ejW i[h|d fhejW# ]ed_ijWi [d bW i[h_[ 8 Z[ [ij[ W‹e$ Bei [djh[dWZeh[i _c# XWXkh[‹ei @kWd Oƒf[p Yed Cki^kY HkdW o M_bied 7h# cWi Yed :[fehj_le 7pe]k[i" fhejW]ed_pWh|d [b Zk[be Z[ [djh[dWZeh[i _cXWXkh[‹e [d [ijW YWj[]eh‡W$
¥ ēŊ . #13.Ŋ "#.Ŋĸ(90ĚŊ"(1(%#-3#Ŋ"#+Ŋ ++#Ŋ"#+Ŋ '.3 Ŋ)4-3.Ŋ Ŋ 4, #13.Ŋ (9 11.Ŋ#-Ŋ+ Ŋ/1#2#-3 !(¢-Ŋ!.,.Ŋ Ŋ"#+Ŋ!+4 Ŋ8Ŋ -3.-(.Ŋ .22.ē
+ĹŠ!+4 ĹŠ5#1"( + -!.ĹŠ8 ĹŠ"#ÄƒĹŠ-(¢Ŋ #+ĹŠ!4#1/.ĹŠ3_!-(!.Ä“ĹŠ .2ĹŠ#-31#Äą - ,(#-3.2ĹŠ!.-3(-ĂŒ -Ä“ Ä›
BW del[bW j[hc_dŒ" >kcX[hje F_ppWhe [i [b dk[le Z_h[Yjeh jƒYd_Ye Z[b LWbb[ Z[b 9^ejW$ ;b [djh[dWZeh fehj[‹e \k[ fh[i[djWZe Wo[h Wb ]hkfe Z[ `k]WZeh[i$ BW jWh[W i[h| Yecfb_# YWZW" f[he Wb [n:J Z[ ;c[b[Y b[ ]kijW [b Z[iW\‡e$ @kb_e 9ƒiWh 7d#
ZhWZ[ i[h| ik Wi_ij[dj[ jƒYd_Ye$ C_[djhWi >k]e Fƒh[p WYjkWh| Yece fh[fWhWZeh \‡i_Ye$ ;b WiY[die W bW i[h_[ 7 Z[ (&') de b[ fh[eYkfW" i_d [cXWh# ]e de Z[iYWhjW bW fei_X_b_ZWZ Z[ WhcWh kd [gk_fe Yecf[j_j_le$ Bei jhWXW`ei Z[ Wo[h [ijkl_[hed
\kjXeb‡ij_Ye Z[ bW i[h_[ 8Ç" [nfb_# YÂŒ F_ppWhe W bei f[h_eZ_ijW gk[ i[ W]ebfWhed W bW fh|Yj_YW Z[b YbkX l[hZ_XbWdYe$ ĹŠ 04(/.ĹŠ"($#1#-3# ;b fh_c[h fWie Z[ F_pWhhe o ik Yk[hfe jƒYd_Ye [i WhcWh [b [gk_# fe$ ;b .& Z[ `k]WZeh[i gk[ WY# jkWhed [d [b YbkX [b W‹e Wdj[h_eh i[ \k[$ BW XWi[ ied `k]WZeh[i gk[ l_[d[d Z[ bWi Z_l_i_ed[i \eh# cWj_lWi$ Bei jhWXW`ei Yedj_d‘Wd ^eo [d bWi >eij[h‡W Z[ 7]kij‡d :[b]WZe$
#1(#ĹŠ ĹŠ,;2ĹŠ 31 !3(5
.1.ĹŠ!4,/+(¢Ŋ #7/#!3 3(5 2 9ed kd bb[de jejWb o Yed Xk[# dWi YedYbki_ed[i \_dWb_pÂŒ [b \ehe ĂˆBW h[Wb_ZWZ Z[b \‘jXeb _cXWXkh[‹eÉ" eh]Wd_pWZeh feh 7b[n >khjWZe" ZeY[dj[ Z[ bW Kd_ZWZ ;ZkYWj_lW BW IWbb[$ ;b [l[dje WYWZƒc_Ye iWj_iĂ’ pe bWi _dgk_[jkZ[i Z[b WbkcdWZe$ BW fh[i[dY_W Z[b ?cXWXkhW o LWbb[ Z[b 9^ejW [d bW i[h_[ 8 fWhW [b jehd[e Z[ [ij[ W‹e i[h| kd ^[Y^e _dkikWb$ 7 f[iWh gk[ bW fhel_dY_W [i kdW YWdj[hW Z[ \kjXeb_ijWi Z[ fh_c[h d_l[b iki Zei fh[i[djWdj[i de [ij|d [d bei fk[ijei [ij[bWh[i$ Fh[Y_iWc[dj[ [b \ehe [ijkle Z_h_]_Ze W [ij[ i[dj_Ze$ Æ;ij[ j_fe Z[ [l[djei i_[cfh[ ied _cfehjWdj[i fWhW gk[ bei [i# jkZ_Wdj[i o bWi f[hiedWi gk[ de [ij|d Wb jWdje YedepYWd kd feYe c|i Z[ [ijW h[Wb_ZWZÇ" YedjÂŒ <WX_|d Feiie fWd[b_ijW Z[b [l[dje$ 7Z[c|i i[ YedY_[dj_pÂŒ W bei [ijkZ_Wdj[i Z[ bW _cfehjWdY_W Z[ YecX_dWh bei [ijkZ_ei Yed
[dYWc_dWZei W l[h bei `k]WZeh[i Yed bei gk[ [b YbkX Yk[djW$ FWhW cW‹WdW [if[hW j[d[h YbWhe [b fW# dehWcW o l[h Yece WhcW [b ]hk# fe fWhW [b jehd[e gk[ WhhWdYW [b (, Z[ \[Xh[he fhÂŒn_ce$ KdW \k[hj[ d[Xb_dW o kd \k[h# j[ \h‡e" j‡f_Ye Z[ bW ƒfeYW _dl[h# dWb$ B[ Z_[hed bW X_[dl[d_ZW W F_pWhhe gk_[d [ijkle WYecfW‹W# Ze Z[ 7]kij‡d :[b]WZe o lWh_Wi f[hiedWb_ZWZ[i$ ÆL[d]e W ikcWh$ 7Y| ^Wo kd ]hWd cWj[h_Wb ^kcWde fWhW feZ[h jhWXW`Wh" YedepYe [b d_l[b
ĹŠ Ä“ĹŠĹŠ +ĹŠ .1.ĹŠ1# +(9 ".ĹŠ#-ĹŠ ĹŠ ++#ĹŠ345.ĹŠ 4#- ĹŠ !.%(" Ä“
[ijW fhe\[i_ÂŒd$ Æ;n_ij[d YWiei Yece xZ_ied L[]W o <hWdY_iYe C[hW" gk_[d[i `k[]Wd \‘jXeb fhe\[i_edWb o W bW fWhjW Yed bei [ijkZ_ei [d [ij[ YWie ikf[h_e# h[i$ I_[cfh[ [i Xk[de [ijWh W bW fWh [d bWi Zei WYj_l_ZWZ[iÇ" Z_i[hjÂŒ >k]e 8ed_bbW" fh[i_# Z[dj[ Z[b 9‡hYkbe Z[ F[h_eZ_i# jWi :[fehj_lei Z[ ?cXWXkhW$
;b jehd[e Z[ bW i[h_[ 8 fWhW [ij[ W‹e i[h| ckY^e c|i WjhWYj_lW gk[ bW Z[b (&''$ 7i‡ be Ă’ `Whed bei Z_h[Yj_lei Z[b \‘jXeb dWY_edWb$ BW fh_c[hW \Wi[ i[h| Z[ jeZei YedjhW jeZei" Z[ bW gk[ i[ YbWi_# Ă’ YWh|d Zei [gk_fei" bW i[]kdZW Zei ^[nW]edWb[i [d bW gk[ fWiW# h|d bei fh_c[hei Z[ YWZW bbWl[ o bW j[hY[hW [ijWh| Yed\ehcWZW feh Zei b_]k_bbWi Z[ YkWjhe [gk_fei YWZW kde$ BW b_]k_bbW Z[ WiY[die Xh_dZWh| Zei fbWpWi W bW I[h_[ 7" c_[djhWi gk[ bW b_]k_bbW Z[ Z[i# Y[die XW`Wh| W Zei [iYkWZhWi W bW I[]kdZW :_l_i_ÂŒd$ ;b HeYW\k[hj[ Z[ =kWoWgk_b \k[ [b YbkX gk[ fhe# fkie bW ceZ_Ă’ YWY_ÂŒd$ ;b _d_Y_e Z[b jehd[e i[h| [b (, Z[ \[Xh[he$ Æ;ij[ i_ij[cW i[h| c|i WjhWY# j_le$ ;b jehd[e i[h| ckY^e c|i [cej_le o jeZe i[ Z[Ă’ d_h| [d bWi ‘bj_cWi \[Y^WÇ" YedjÂŒ F[Zhe :[b# ]WZe" gk_[d i[h| [b YeehZ_dWZeh Z[b fbWdj[b l[hZ_XbWdYe$
2ĹŠ/14# 2ĹŠ#-ĹŠ (+ '4(-ĹŠ!.-3(-ĂŒ -
Ĺ—ĹŠĹŠĹŠ
7o[h i[ h[Wb_pÂŒ [b i[]kdZe Z‡W Z[ fhk[XWi \kjXeb‡ij_YWi W bei `k]WZeh[i Z[b F_bW^k‡d I9$ ;b [gk_fe Yeef[hWj_l_ijW gk[ Z_h_][ CWkh_Y_e 8ebW# ‹ei [djh[dÂŒ [d [b [ijWZ_e Z[ B:9E$ Æ;ijWcei l_[dZe [b ]hkfe Z[ `k]WZeh[i$ De# iejhei d[Y[i_jWcei _d_Y_Wh Z[iZ[ Y[heÇ" WZ[bWdjÂŒ [b [ijhWj[]W _cXWXkh[‹e$
(5(2(¢-Ŋ Ŋ -(5#+Ŋ 11( +Ŋ2(%4#Ŋ
ē +Ŋ , 41 Ŋĸ$.3.ĚŊ2#1;Ŋ4-.Ŋ "#Ŋ+.2Ŋ -(, ".1#2Ŋ"#+Ŋ3.1-#.Ŋ"#Ŋ+ Ŋ 2#1(#Ŋ Ŋ#-Ŋ#23 Ŋ3#,/.1 " ēŊ
XWje o <[hhel_Wh_ei Z[ =kWoWi$ 7 [bbei i[ ikcWd ?cXWXkhW o ;i# feb_ gk[ Z[iY[dZ_[hed bW j[cfe# hWZW fWiWZW$ 9edj_dkWh|d :[fehj_le Gk[# l[Ze" =h[Y_W Z[ 9^ed[" He# 13(!(/ -3#2 YW\k[hj[" :[fehj_le 7pe]k[i" FWhW [ij[ W‹e Z[XkjWh|d [d [ijW Kd_l[hi_ZWZ 9WjŒb_YW o bW Kd_# YWj[]eh‡W Cki^kY HkdW Z[ 7c# l[hi_ZWZ JƒYd_YW Z[ 9ejefWn_$
Ĺ—ĹŠĹŠĹŠ
ĂˆC[`eh[i =kWcXhWiÉ" i[h| bW [iYk[bW Z[ \‘jXeb gk[ Xki# YWh| dk[lei [b[c[djei fWhW bW fhel_dY_W$ CWdk[b =k[# hh[he \ehcWZeh Z[ `k]WZeh[i i[h| gk_[d b_Z[h[ [b fheo[Yje gk[ j[dZh| [d bW YWdY^W Z[b J[hc_dWb j[hh[ijh[ ik YkWhj[b Z[ ef[hWY_ed[i$ I[]‘d =k[hh[he bWi YWj[]e# h‡Wi [d bWi gk[ i[ [di[‹Wh|d bei YedY[fjei \kjXeb‡ij_Yei lWd Z[iZ[ bei YkWjhe W‹ei [d WZ[bWdj[$
Ä Ä…
g ĂĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
ÂĄ Ä“ĹŠ ĹŠ$#!' ĹŠ"#ĹŠ#23#ĹŠÄƒĹŠ-ĹŠ"#ĹŠ2#Äą , - ĹŠ2#1;ĹŠ"#!(2(5 ĹŠ/ 1 ĹŠ5 1(.2ĹŠ!+4 #2Ä“
- 23 2ĹŠ +ĹŠ /.1ĹŠ, 8.1
, 41 ĹŠ2~ĹŠ 3#-"1 ĹŠ2#"#
Ĺ—ĹŠ ĹŠĹŠBWi fhel_dY_Wi Z[ ?cXWXkhW o 9WhY^_ i[h|d
bW i[Z[ Z[ bei @k[]ei DWY_edWb[i fh[`kl[d_b[i$ 7kdgk[ bW dej_Y_W de ^W i_Ze eĂ’ Y_Wb_pWZW feh bWi Wkjeh_ZWZ[i Z[fehj_lWi" [d bei fhÂŒn_cei Z‡Wi i[ Z[Ă’ d_h| bW \[Y^W o bei [iY[dWh_ei Z[ bWi Zei fhel_dY_Wi
#"#! 1!'(Ŋ04(#1#Ŋ #-31.Ŋ"#Ŋ$.1, !(¢-Ŋ
Ĺ—ĹŠ ĹŠĹŠ;b 9[djhe Z[fehj_le Z[ 9Whfk[bW gk[ [ij| [d cWdei Z[ <[Z[hWY_ÂŒd :[fehj_lW Z[ ?cXWXkhW Z[il[bW W bei Z_h[Yj_lei Z[ <[Z[YWhY^_$ BW _dj[dY_ÂŒd Z[ bei dk[lei Z_h_][dj[i [i WZc_d_ijhWh [b Yecfb[`e Z[fehj_le gk[ [ij| [d bW Yeckd_ZWZ Z[b LWbb[ Z[b 9^ejW$
Ä“ĹŠ .2ĹŠ#-31#- ,(#-3.2ĹŠ#-ĹŠ+ ĹŠ/(23 ĹŠ"#ĹŠ !4! ++#ĹŠ2#ĹŠ(-3#-2(ÄƒĹŠ! 1.-ĹŠ#-ĹŠ+.2ĹŠĂŒ+3(,.2ĹŠ"~ 2Ä“ĹŠ
+(23 -ĹŠ+ 2ĹŠ (!(
.2Ŋ-4#5.2Ŋ/1.2/#!3.2Ŋ"#Ŋ (!(!1.22Ŋ#-Ŋ , 41 Ŋ2#Ŋ !.-!#-31 -Ŋ#+Ŋ5(#1-#2ē ěŊ BW jhWdgk_b_ZWZ [d bW
f_ijW Z[ X_Y_Yheii [d OWYkYWbb[ i[ Wbj[hÂŒ [d bei ‘bj_cei Z‡Wi$ ;b \[ij_lWb _dj[h[iYebWh o Yeb[]_Wb gk[ i[ Z_ifkjWh| [b l_[hd[i [i [b cej_le$ C|i Z[ '&& Y_Yb_ijWi Z[ jeZe [b YWdjÂŒd i[ ZWh|d Y_jW Wb [l[dje Z[fehj_le$ De i[h| kd \[ij_lWb Yec‘d o Yehh_[dj[$ I[h| [b i[b[Yj_le fWhW bW YkWhjW l|b_ZW dWY_edWb gk[ i[ Z_ifkjWh| [b * o + Z[ \[Xh[he [d H_eXWcXW$ ÆGk[h[cei [iYe][h W bei c[`eh[i f[ZWb_ijWi fWhW gk[ l_W`[d W Yecf[j_h$ ?cXWXk# hW j_[d[ Xk[dei [b[c[djei [d [ij[ Z[fehj[Ç" WZ[bWdjW 9bWkZ_e Fehj_bbW" fh[i_Z[dj[ Z[b 9ec_jƒ Fhel_dY_Wb Z[ [ij[ Z[fehj[$
;d bW dÂŒc_YW Z[ f[ZWb_ijWi gk[ Wb cec[dje i[ j_[d[d i[ Z[ijWYWd decXh[i Yece 9Wh# bW 9Whh[hW" ;\hW‡d 9^Wcehhe" =edpWbe H[d][b" CWhj‡d Fehj_# bbW" CWhj‡d Cedj[d[]he" ;h_Ya HWc‡h[p" [djh[ ejhei$ ;bbei ied bei bbWcWZei W ]WdWh [b j‡jkbe dWY_edWb fWhW bW fhel_dY_W$ FWhW bW Y_jW Z[b l_[hd[i fhÂŒn_# ce fWhj_Y_fWh|d Y[hYW Z[ (&& Z[fehj_ijWi Z[ (& _dij_jkY_ed[i [djh[ [iYk[bWi o Yeb[]_ei$ =k_Ze CehW [djh[dWZeh Z[ 8CN i[ ceijhÂŒ iWj_i\[Y^e feh [b h[dZ_c_[dje Z[ iki fkf_bei$ Æ;b fheY[ie gk[ _d_Y_ÂŒ [d i[f# j_[cXh[ fWiWZe Yedj_dkWh| [d [ij[ (&'(Ç" WZ[bWdjÂŒ [b [ijhWj[#
]W YW\[j[he$ ;ij[ Y[hjWc[d i[h| [b _d_Y_e e\_Y_Wb Z[b YWb[dZWh_e W d_l[b Z[fehj_le$ ÆOW j[d[cei jeZe fbWd_Ă’ YWZe fWhW [ij[ W‹e$ :[ bWi YkWjhe l|b_ZWi dWY_edWb[i gk[ j[dZh[cei gk[ Z_ifkjWh" kdW i[ h[Wb_pW [d ?XWhhWÇ" [nfb_# YW 9bWkZ_e Fehj_bbW" fh[i_Z[dj[ Z[b 9ec_jƒ fhel_dY_Wb Z[ [ij[ Z[fehj[$ BW Yecf[j[dY_W gk[ i[h| [d bW f_ijW Z[ OWYkYWbb[" i[ Z_ifkjWh| [b (- o (. Z[ WXh_b fhÂŒn_cei$ 11 ĹŠ2#"#ĹŠ- !(.- + I[]‘d [b YWb[dZWh_e Z[ bW <[# Z[hWY_ÂŒd ;YkWjeh_WdW Z[ [ij[ Z[fehj[" [i bW f[d‘bj_cW gk[ i[ Z_ifkjWh|$ BW Yecf[j[dY_W gk[ i[h| [d bW f_ijW Z[ OWYkYWbb[" i[ Z_ifkjWh| [b (- o (. Z[ WXh_b" fhÂŒn_ce$ I[]‘d [b YWb[dZWh_e Z[ bW <[Z[hWY_ÂŒd ;YkWjeh_WdW Z[ [ij[ Z[fehj[" [i bW f[d‘bj_cW gk[ i[ Z_ifkjWh|$
B:9 EjWlWbe o KF: Z[ ?XWhhW \k[hed bei YbkX[i X[d[Ă’ Y_WZei Wb jƒhc_de Z[ bW j[hY[hW `ehdWZW Z[b _dj[hYbkX[i Z[ XWbedY[ije$ Bei ĂˆiWhWdY[iÉ" ikf[hWhed Wb @WY_dje 9ebbW^kWpe [d bei jh[i fWhj_Zei gk[ `k]ÂŒ$ C_[djhWi bei Z[ ?XWhhW ]W# dWhed Zei Z[ bei jh[i fWhj_Zei Z_ifkjWZei gk[ bei Yedieb_ZWd Yece b‡Z[h[i [d bW YWj[]eh‡W \[# c[d_dW o c|ij[h$ Ejhe gk[ ceijhÂŒ iki Yh[Z[d# Y_Wb[i W f[b[Wh [b j‡jkbe \k[ [b IWd =WXh_[b Z[ Gk_je$ Iki Zei [gk_# fei ]WdWhed Yed iebl[dY_W Wb ;c[b[Y [d ZWcWi o >khWY|d [d bW WX_[hjW$ BW WYj_l_ZWZ Z[fehj_lW Yed# j_d‘W [ij[ Ă’ d Z[ i[cWdW Z[iZ[ bWi '+0&& Yed [b Y^egk[ [djh[ I|dY^[p o 9_\k[dj[i YedjhW [b @WY_dje 9ebbW^kWpe [d bW YWj[]e# h‡W c[deh[i cWiYkb_dWi$ ;d bW \[Y^W Wdj[h_eh i[ h[]_ijhWhed c_b ',+ [d jejWb fWhW kd fhec[Z_e Z[ ./ fkdjei feh fWhj_Zei$
+ ĹŠ"#ĹŠ/.2(!(.-#2 04(/.2
ÄŠÄ?ĹŠ Ĺ—ĹŠ ĹŠ ÄŒÄŒĹŠ Ĺ—ĹŠ ĹŠ ÄŒÄ?ĹŠ Ĺ—ĹŠ ĹŠ ŊĉÄ?ĹŠ ĎćŊ Ĺ—ĹŠ +4 Ä?ÄŒĹŠ Ĺ—ĹŠ (5#13.-ĹŠ ÄŒÄ?ĹŠ Ĺ—ĹŠ ĹŠ 2'(.-ĹŠ ÄŒÄ‡ĹŠ Ĺ—ĹŠ ĹŠ Ĺ—ĹŠ 41 ĹŠ (3 ,Ä“ĹŠÄŽÄŠĹŠ 1(#+ĹŠÄŽÄŒĹŠ Ĺ—ĹŠ -ĹŠ 1(#+ĹŠÄ?ÄŽĹŠ Ĺ—ĹŠ -ĹŠ ÄŒÄ‰ĹŠ Ĺ—ĹŠ ĹŠ Ä?ĉŊ Ĺ—ĹŠ ĹŠ Ĺ—ĹŠ (1!4+.ĹŠ !4ĹŠ Ä?ĉŊ
Ä“ĹŠ .++ '4 9.ĹŠ Ĉđ ;-!'#9ĹŠ8ĹŠ ($4#-3Ä“ĹŠÄˆÄ‰
Ä“ĹŠ .++ '4 9.ĹŠ ÄŠÄŽ '43 ĹŠ %4 -3 ĹŠ ČĎ
Ä“ĹŠ .++ '4 9.ĹŠ ÄŽÄ‘ +4 ŊĉÄ?ĹŠ ÄŠÄ?
Ä“ĹŠ .++ '4 9.ĹŠ ĉć ĹŠ ÄŒÄ?ĹŠ ,#+#!ĹŠ ÄŠÄ’ 41 !;-ĹŠ ČĈ (5#13.-ĹŠ ĉĉ .13'8ĹŠ ĹŠ ÄŽÄ? ĹŠ Ä?ć
.2#1.ĹŠ/.1ĹŠ 2/(-.9
ĹŠ"#ĹŠ$ĂŒ3 .+ĹŠ !_$ +.2ĹŠ
ŗŊ ŊŊ7dj[ bW iWb_ZW Z[ CWkh_Y_e 8ebW‹ei Wb F_bW^k_d I9 o bW
de h[delWY_Œd Z[ CWdk[b =k[hh[he" bWi i[b[YY_ed[i \[Z[hWZWi Z[ \‘jXeb Z[ ?cXWXkhW [ij|d WYƒ\WbWi$ I[]‘d CWkh_Y_e 7h]”[bbe" fh[i_Z[dj[ Z[ bW CWjh_p Z[b :[fehj[ \[Z[hWZe [d bei fhŒn_cei Z‡Wi i[ decXhWh Wb dk[le Yk[hfe jƒYd_Ye$
ēŊ 1!.Ŋ .2#1.Ŋĸ(ĚŊ$4#Ŋ/1#2#-3 ".Ŋ/.1Ŋ 1!.Ŋ (3 ĔŊ5(!#/1#2("#-3#Ŋ"#Ŋ ē
CWhYe Hei[he [i [b dk[le [djh[# dWZeh Z[ Y_Yb_ice Z[ bWi i[b[Y# Y_ed[i Z[ ?cXWXkhW$ xb" h[cfbWpWh| W =[hWhZe ;if_depW [d bWi i[b[YY_ed[i WcWj[kh$ ;b fhe\[i_edWb Z[ )) W‹ei" i[ ^W Z[i[cf[‹WZe Yece Yec_iWh_e K9? Kd_ÂŒd 9_Yb‡i# j_YW ?dj[hdWY_edWb $ ;b eX`[j_le Z[b [n[ijhWj[]W Z[ <[Z[YWhY^_ [i cWi_Ă’ YWh o fh[fWhWh Z[ bW c[`eh cWd[hW W bei Y_Yb_ijWi Yed c_hWi W bei Z_\[h[dj[i Yecfhec_iei Z[ YWh|Yj[h eĂ’ Y_Wb$ Æ;i kd ]hWd h[je bb[]Wh W ?cXWXkhW" kdW fhel_dY_W gk[ i_[cfh[ i[ ^W YWhWYj[h_pWZe feh YedjWh Yed Xk[dei Z[fehj_ijWi$ LWcei W f[h\[YY_edWh Wb ]hkfe Yed [b gk[ i[ Yk[djW fWhW gk[ j[d]Wd kd Xk[d Z[i[cf[‹e W
d_l[b dWY_edWbÇ" Yec[djÂŒ Hei[he oW j_[d[ Z[Ă’ d_Ze ik fbWd Z[ jhWXW`e gk[ i[ bb[lWh| W YWXe Z[ cWhj[i W Zec_d]e" jeZWi bWi i[cWdWi$ Bei [djh[dWc_[djei i[ h[Wb_pWh|d W fWhj_h Z[ bWi '+0&& o i[ [nj[dZ[h|d ^WijW bWi '.0&&$ ;b Ă“ WcWdj[ [djh[dWZeh _dl_# jÂŒ W bei d_‹ei o `ÂŒl[d[i WcWdj[i Z[ [ijW Z_iY_fb_dW fWhW gk[ i[ ikc[d o Wi_ijWd W bWi fh|Yj_YWi$ ;b bk]Wh Z[ YedY[djhWY_ÂŒd i[h| [d bei [nj[h_eh[i Z[b Yeb_i[e Bk_i B[ehe <hWdYe$ CWhYe F_jW" l_Y[fh[i_Z[dj[ Z[ <[Z[hWY_ÂŒd :[fehj_lW Z[ ?cXW# XkhW" Z[i[ÂŒ bW c[`eh Z[ bW ik[h# j[ Wb [djh[dWZeh [ _dleYÂŒ W bei Z[fehj_ijWi fWhW gk[ Z[d jeZe ik [i\k[hpe fWhW gk[ [b Y_Yb_ice _cXWXkh[‹e i_]W Yh[Y_[dZe$
Ä Ä†
g ĂĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚ ĂĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
1.8#!3.ĹŠ"#/.13(5.
2!4#+ 2ĹŠ"#/.13(5 2 Ä“ĹŠ +ĹŠ! ,/#.- 3.ĹŠ"#ĹŠ$ĂŒ3 .+ĹŠ(-$ -3(+ĹŠÄĽ (-%4#1(3.ĹŠ .+# ".1ÄŚĹŠ#2ĹŠ4- ĹŠ"#ĹŠ+ 2ĹŠ 31 !!(.-#2ĹŠ"#+ĹŠ!1.-.%1 , ĹŠ"#/.13(5.ĹŠ -4 +ĹŠ"#+ĹŠ 4-(!(/(.ĹŠ"#ĹŠ 4+!;-Ä“
+ĹŠ (+".ĹŠ"#ĹŠ 4+!;-ĹŠ, -3(#-#ĹŠ 3+#3(2,.ĔŊ +.-!#23.ĔŊ$ĂŒ3 .+ĔŊ 3 #*6.-".ĹŠ8ĹŠ3#-(2ĹŠ"#ĹŠ,#2 Ä“ : ĹŠÄ› 7dZhƒi" Z[ '* W‹ei" fWh#
j_Y_fW jeZei bei W‹ei [d [b YWc# f[edWje Z[ \‘jXeb _d\Wdj_b ĂˆC_d# ]k[h_je =eb[WZehÉ gk[ eh]Wd_pW [b Ckd_Y_f_e Z[ JkbY|d$ ;b f[gk[‹e \kjXeb_ijW [ij| \[# b_p fehgk[ bW ;iYk[bW Z[ <‘jXeb i[ cWdj[dZh| [ij[ W‹e XW`e bW Z_# h[YY_ÂŒd Z[ =[elWddo DWlWhh[j[$ F[he de i[h| [b ‘d_Ye Y[djhe Z[ \ehcWY_ÂŒd Z[fehj_lW gk[ i[# ]k_h| ef[hWdZe$ JWcX_ƒd [ij|d XWbedY[ije @e^Wd Fepe " Wjb[j_i# ce D[bied <WX_|d Hei[he " jW[# amedZe Bk_i ;dh‡gk[p o j[d_i Z[ c[iW @e^d ;if_depW $ JWc#
X_ƒd \kdY_edWd ZWdpW FWjh_Y_e 7hYei o f_djkhW$ BW fhefk[ijW [i [b_c_dWh fW# j_dW`[ @W_he DWlWhh[j[ o Xen L_d_Y_e BecWi fehgk[ de Ykc# fb_[hed bWi [nf[YjWj_lWi" Wkdgk[ ^WXh| gk[ [if[hWh bW Z[Y_i_Œd Z[b WbYWbZ[ @kb_e HeXb[i" i[]‘d [b Z_h[Yjeh Z[b :[fWhjWc[dje Z[ :[iWhhebbe Ieij[d_Xb[ Z[b Ckd_# Y_f_e Z[ JkbY|d$ ;d ik bk]Wh i[ Yh[Wh‡Wd c_d_ XWbedY[ije o f[h# Yki_Œd$ ;d bWi [iYk[bWi Z[fehj_lWi i[ \ehcWd Wbh[Z[Zeh Z[ (+& d_‹ei o d_‹Wi Z[ Y_dYe W '+ W‹ei$ J[d_i Z[
)#3(5.2ĹŠ"#ĹŠ+ 2ĹŠ#2!4#+ 2 Ĺ—ĹŠĹŠ #%ĂŒ-ĹŠ#+ĹŠ$4-!(.- 1(.ĹŠ,4-(!(/ +ĔŊ+.2ĹŠ. )#3(5.2ĹŠ"#ĹŠ+ 2ĹŠ#2!4#+ 2ĹŠ,4-(!(/ +#2ĹŠ2.-ĹŠ , 2(ÄƒĹŠ! 1ĹŠ#+ĹŠ"#/.13#ĹŠ8ĹŠ" 1ĹŠ +3#1- 3(5 2ĹŠ2 - 2ĹŠ ĹŠ+ ĹŠ-( #9ĹŠ8ĹŠ)45#-34"ĹŠ"#ĹŠ 4+!;-ĔŊ 2~ĹŠ
!.,.ĹŠ.1% -(9 1ĹŠ! ,/#.- 3.2ĹŠ(-3#1#2!.+ 1#2ĹŠ#-ĹŠ+ ĹŠ, 8.1~ ĹŠ"#ĹŠ"(2!(/+(- 2Ä“
.2ĹŠ! ,/#.- 3.2ĹŠ(-23(34!(.- +(9 ".2ĹŠ2.-ĹŠ#+ĹŠ!(1!4(3.ĹŠ 3+_3(!.ĔŊ#+ĹŠ3#-(2ĹŠ"#ĹŠ,#2 ĹŠ (- !(.- +ĹŠ8ĹŠ#+ĹŠ! ,/#.- 3.ĹŠ"#ĹŠ$ĂŒ3 .+ĹŠ(-$ -3(+ĹŠ04#ĹŠ2#ĹŠ1# +(9 1;-ĹŠ#-ĹŠ 1(+ĹŠ!.-ĹŠ,.3(5.ĹŠ "#ĹŠ+ 2ĹŠ$#23(5(" "#2ĹŠ"#ĹŠ! -3.-(9 !(¢-ĹŠ"#ĹŠ 4+!;-Ä“ĹŠ , (_-ĹŠ#23;ĹŠ+ ĹŠÄĽ ./ ĹŠ 5("# ČŊ 04#ĹŠ2#ĹŠ#$#!3ĂŒ ĹŠ#-ĹŠ"(!(#, 1#Ä“ 41 -3#ĹŠ#+ĹŠ  .ĹŠ' 1;ĹŠ.31 2ĹŠ !3(5(" "#2ĹŠ"#/.13(5 2ĹŠ+.! +#2ĔŊ- !(.- +#2ĹŠ#ĹŠ (-3#1- !(.- +#2Ä“
c[iW [i bW ‘d_YW Z_iY_fb_dW gk[ jWcX_ƒd j_[d[ f[hiedWi WZkbjWi$ ;b fh[ikfk[ije gk[ i[ cW# d[`W [i Z[ Wfhen_cWZWc[dj[ '+ c_b ZŒbWh[i gk[ i[ Z_ijh_# Xko[d [d _cfb[c[djWY_Œd Z[# fehj_lW o [b fW]e _dY[dj_le Z[ [djh[dWZeh[i$ Bei [djh[dWc_[djei i[ bei h[Wb_pW [d ^ehWi Z[ bW jWhZ[ [d
bWi YWdY^Wi Z[b ?dij_jkje L_Y[dj[ <_[hhe" feb_Z[fehj_le Z[b EY^e o f_ijW Wjbƒj_YW @WY_dje Fepe =ed# p|b[p$ ;b :[fWhjWc[dje Z[ :[iWhhe# bbe Ieij[d_Xb[ [ij| feh [bWXehWh kd Yhede]hWcW Z[ WYj_l_ZWZ[i fWhW [ij[ W‹e Z[ WYk[hZe W bWi fhefk[ijWi fh[i[djWZWi feh bei [djh[dWZeh[i Z[ YWZW Z[fehj[$
11 -! Ŋ+ Ŋ$(#23 Ŋ "#/.13(5 Ŋ#-Ŋ+ Ŋ 4!1# : Ŋě Bei '-& W‹ei Z[ Yh[W#
ÂĄ Ä“ĹŠ 234"( -3#2ĹŠ"#ĹŠ+ ĹŠ#2!4#+ ĹŠ 4!1#ĹŠ/ 13(!(/ 1;-ĹŠ'.8ĹŠ#-ĹŠ+ ĹŠ! 11#1 ĹŠ 1#!1# 3(5 Ä“
Y_Œd o [b dWjWb_Y_e Z[b CWh_iYWb Z[ 7oWYkY^e i[h|d Y[b[XhWZei feh bW [iYk[bW IkYh[ De$ ' jWcX_ƒd Yed WYj_l_ZWZ[i Z[fehj_lWi$ >eo W bWi &.0)& i[ [\[YjkWh| bW YWhh[hW h[Yh[Wj_lW Z[ bei [i# jkZ_Wdj[i Z[ bei j[hY[hei W iƒf# j_cei W‹ei X|i_Yei$ BW fWhj_ZW i[h| [d [b Yeb_i[e '/ Z[ Del_[c# Xh[ o bW bb[]WZW [d [b fbWdj[b [ZkYWj_le" beYWb_pWZe \h[dj[ Wb [ijWZ_e Gk_bbWi_d]W$ 7 bWi &/0&& i[ _dWk]khWh|
[b YWcf[edWje Z[ \‘jXeb Z[ bei fh_c[hei o i[]kdZei W‹ei X|i_# Yei$ BWi WYj_l_ZWZ[i Z[fehj_lWi i[ [nj[dZ[h|d ^WijW bei fh_c[# hei Z‡Wi Z[b fhŒn_ce c[i$ L_Y[dj[ ?Xk`ƒi o 9Whbei <k[dj[i" Z_h[Yjeh o fh[i_Z[dj[ Z[b 9edi[`e ;ijkZ_Wdj_b Z[ bW [iYk[bW IkYh[" h[if[Yj_lWc[d# j[" _dl_jWd W bei [ijkZ_Wdj[i o fWZh[i Z[ \Wc_b_W W ZWhi[ Y_jW W bWi Z_\[h[dj[i WYj_l_ZWZ[i Z[# fehj_lWi" YkbjkhWb[i" WYWZƒc_# YWi o ieY_Wb[i$
Ĺ—ĹŠ ĹŠĹŠ : ěŊFWiWZe cW‹WdW W bWi '.0&& [b 9[djhe ?d\Wdj_b ;ZkYWj_le Ă›d][b Z[ bW =kWhZW _dWk]khWh| [b fheo[Yje :[fehj[ 9eckd_jWh_e [d bW ;iYk[bWi Ăˆ@k]WdZe o H[Yh[Wd# Ze W c_ 8Whh_eÉ$ ;b Ă’ d [i ][d[hWh ^|X_jei iWdei Z[ Z_l[hi_ÂŒd o h[Ykf[# hWh bWi jhWZ_Y_ed[i h[Yh[Wj_lWi Z[ dk[ijhe fk[Xbe" i[]‘d CWh‡W ;b[dW C[hW" Z_h[YjehW WZc_d_ijhWj_lW Z[b [ijWXb[Y_# c_[dje [ZkYWj_le" kX_YWZe [d bW YWbb[ IkYh[" [djh[ CWdWX‡ o 9WbZ[hÂŒd$
.1- " ĹŠ"#/.13(5
Ĺ—ĹŠ ĹŠĹŠ ŊěŊ;b fhÂŒn_ce i|XWZe W bWi &/0&& i[ h[Wb_pWh|d bWi `ehdWZWi Z[fehj_lWi Z[ bei fWZh[i Z[ \Wc_b_W Z[b `WhZ‡d Z[ _d\Wdj[i Beh]_e 9WhhWiYe C[hW" Z[ C_hW$ BW WYj_l_ZWZ" eh]Wd_pWZW feh [b fh_c[h W‹e Z[ [ZkYWY_ÂŒd X|i_YW" i[ h[Wb_pWh| [d bWi YWd# Y^Wi Z[fehj_lWi Z[ bW _dij_jk# Y_ÂŒd [ZkYWj_lW$ ;b [l[dje [i [d ^ec[dW`[ W bei )'* W‹ei Z[ fhej[YY_ÂŒd cWj[h# dWb Z[ bW L_h][d Z[ BW 9Wh_ZWZ e ĂˆBW 9^Wc_pkZ_jWÉ$
+(,/( " 2
Ĺ—ĹŠ ĹŠĹŠ : ŊěŊ;b ?dij_jkje JkbY|d _dWk]khWh| ^eo W bWi &.0&& [d bW f_ijW Wjbƒj_YW Ăˆ@WY_dje Fepe =edp|b[pÉ bWi eb_cf_WZWi _dj[hdWi Z[ Wjb[j_ice$ BWi Yecf[j[dY_Wi i[h|d Yed bW Ă’ dWb_ZWZ Z[ i[b[YY_edWh W bWi c[`eh[i Z[fehj_ijWi fWhW [b 9Wcf[edWje ?dj[hYeb[]_Wb Z[ 7jb[j_ice W Z[iWhhebbWhi[ [d cWhpe$ ;d ejhWi _dij_jkY_ed[i [Zk# YWj_lWi jWcX_ƒd i[ h[Wb_pWh|d bWi eb_cf_WZWi _dj[hdWi Yed [b c_ice eX`[j_le$
Ĺ? Ĺ?
Ĺ?
7
Ä Ä‡
g ĂĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
41(2,.ĹŠ!.,4-(3 1(.ĹŠ
ŗŊ ŊŊ ŊěŊ9ed bW Ò dW# b_ZWZ Z[ \ec[djWh [b jkh_ice o feh [dZ[ [b Z[iWhhebbe [d bW fhel_dY_W" [b =eX_[hde Fhel_dY_Wb Z[b 9WhY^_ =F9 o bW @kdjW FWhhegk_Wb Z[ CWb# ZedWZe" WkdWhed [i\k[hpe o b[ WfeijWhed W kd fheo[Yje Yeckd_jWh_e$ ;b fheo[Yje Yedi_ij[ [d Yh[Wh WbX[h]k[i jkh‡ij_Yei Yeckd_# jWh_ei" [d CWbZedWZe ^Wo jh[i Z[ [bbei" ejhei i[ [dYk[djhWd [d FWbe 8bWdYe o 9^_bc| XW`e$
;2ĹŠ2#%41(" "ĹŠ
Ĺ—ĹŠĹŠĹŠ
: ŊěŊ;b 9ec_jƒ Z[ I[]k# h_ZWZ Fhel_dY_Wb i[ [dYk[djhW WZefjWdZe c[Z_ZWi Yed [b Ă’ d Z[ [hhWZ_YWh bei WYjei Z[b_d# Yk[dY_Wb[i$ ;djh[ [bbei [ij| kd Y[djhe j|Yj_Ye Z[ ef[hWY_ed[i" [d [b YkWb WkdWh|d [i\k[hpei bei c_d_ij[h_ei W jhWlƒi Z[ bWi Z_h[YY_ed[i fhel_dY_Wb[i [d 9WhY^_" Feb_Y‡W o ;`ƒhY_je" bW Yh[WY_ÂŒd Z[ jh[i kd_ZWZ[i Z[ feb_Y‡W Yeckd_jWh_Wi KF9 " WZ[c|i Z[ \ehjWb[Y[h bei [`[i Z[ i[]kh_ZWZ$
,,)+/# ŋ,/, &ŋ*# ŋ'6-ŋ . ( #š(ŋ &ŋ- .),ŋ / .#0)ŋ #-.1#2Ŋ"#Ŋ9.- 2Ŋ141 +#2Ŋ-.Ŋ!4+,(- -Ŋ +.2Ŋ#234"(.2Ŋ2#!4-" 1(.2Ŋ/.1Ŋ$ +3 Ŋ"#Ŋ 1#!412.2Ŋ#!.-¢,(!.2Ŋ8Ŋ"#Ŋ4-Ŋ!.+#%(.ēŊŊŊ : ŊěŊ CehWZeh[i Z[ bWi Yeck#
d_ZWZ[i Z[ JWoW" 9^Wfk[i" 9Wbbb[ BWh]W" BbWde =hWdZ[" 9^Wfk[i 9^_gk_je" Z[ bW fWhhegk_W Z[ KhX_dW" f_Z[d W bW :_h[YY_ÂŒd Z[ ;ZkYWY_ÂŒd Z[b 9WhY^_ gk[ i[ _c# fb[c[dj[ eYjWle" del[de o Zƒ# Y_ce W‹e X|i_Ye" [d bW [iYk[b_jW C_]k[b Z[ 9[hlWdj[i$ 7 [ij[ f[Z_Ze i[ ikcW [Z_# Ă’ YWh kd Yeb[]_e" oW gk[ feh bW \WbjW Z[ h[Ykhiei [YedÂŒc_Yei de fk[Z[d [dl_Whbei W JkbY|d o [b /& Z[ bei c[deh[i i[ gk[ZWd i_d Ykbc_dWh [b XWY^_bb[hWje$ 7Z[c|i gk[ i[ [djh[]k[ bW fWhj_ZW fWhW kd fhe\[ieh Z[ Z_# Xk`e o Z[ _d]b[i" bei c[deh[i gk[ fk[Z[d WYWXWh iki [ijkZ_ei [d JkbY|d" bb[]Wd Yed \Wb[dY_Wi feh bW Wki[dY_W Z[ [ijei ZeY[dj[i$ LWh_ei feXbWZeh[i Z[ [ijei YWi[h‡ei c_]hWhed W JkbY|d o Z[`Whed iki j_[hhW Yed [b eX`[j_le Z[ gk[ iki ^_`ei fk[ZWd Ykbc_# dWh bW i[YkdZWh_W$ CWhY_W Cedj[d[]he" Z_h_][d# j[ Yeckd_jWh_W [nfb_YÂŒ gk[ j_[d[ gk[ fW]Wh h[Yehh_Ze fWhW gk[ iki ^_`ei fk[ZWd bb[]Wh W bW [i# Yk[b_jW gk[ i[ [dYk[djhW b[`ei Z[ bei YWi[h‡ei$ CWd_\[ijÂŒ gk[ bei c[deh[i YkWdZe j_[d[d gk[ YedikbjWh [d bW ?dj[hd[j Wb de ^WX[h [d [b
.+(!(34"ĹŠ Ĺ—ĹŠĹŠ .2ĹŠ,.1 ".1#2ĹŠ/("#-ĹŠ04#ĹŠ+ 2ĹŠ #"(ÄƒĹŠ! !(.-#2ĹŠ2# -ĹŠ#"4! 3(5 2ĹŠ.ĹŠ
"#ĹŠ.31 ĹŠ~-".+#ĹŠ2#ĹŠ4 (04#ĹŠ#-ĹŠ,#"(.ĹŠ "#ĹŠ+ ĹŠ/ 11.04( ĹŠ8ĹŠ-.ĹŠ#-ĹŠ#+ĹŠ(-%1#2.ĹŠ "#ĹŠ 1 (- ĔŊ#23.ĹŠ5( (+(9 1;ĹŠ#+ĹŠ !Äą !#2.ĹŠ ĹŠ+.2ĹŠ/. + ".1#2ĹŠ"#ĹŠ3." 2ĹŠ+ 2ĹŠ !.,4-(" "#2ĹŠ ĹŠ+.2ĹŠ #-#ÄƒĹŠ!(.2ĹŠ04#ĹŠ #-31#%4#ĹŠ#+ĹŠ 23 ".ĹŠ8ĹŠ+.2ĹŠ%. (#1-.2ĹŠ 2#!!(.- +#2Ä“ĹŠ
[ijWXb[Y_c_[dje [iYebWh" Z[X[d Z_h_]_hi[ W f_[ ^WijW bW YWX[Y[hW fWhhegk_Wb ZedZ[ i[ [dYk[djhW kd _d\eY[djhe e Z[X[d fW]Wh YkWjhe ZÂŒbWh[i W kdW YWc_ed[jW fWhW gk[ bWi jhWibWZ[d Z[ _ZW o lk[bjW$ ÆD[Y[i_jWcei gk[ i[ _cfb[# c[dj[ bei W‹ei X|i_Yei ^WijW [b XWY^_bb[hWje fWhW gk[ fk[ZWd Ykbc_dWh iki [ijkZ_ei bei d_‹ei o d_‹Wi Z[ bWi Yeckd_ZWZ[i$ De iƒ YÂŒce [b =eX_[hde 9[djhWb h[W# b_pÂŒ bW i[Yjeh_pWY_ÂŒd YkWdZe [d bW fhel_dY_W ^Wo fWhhegk_Wi gk[ Yk[djWd Yed [iYk[bWi ZedZ[ iÂŒbe [di[‹Wd ^WijW iƒfj_ce Z[ X|i_# YWÇ WĂ’ hcÂŒ Cedj[d[]he$ I[‹WbÂŒ gk[ bb[]ÂŒ W bW :_h[Y# Y_ÂŒd Z[ ;ZkYWY_ÂŒd fWhW h[Wb_pWh [b f[Z_Ze o b[ Z_[hed W YedeY[h gk[ i[ Z[X[ h[Wb_pWh kd Yecfhe#
&203$fĂŒ$ '( 75$163257( (1 7$;,6
'H DFXHUGR DO $UW GH OD /H\ GH &RPSDxtDV \ HO $UW 'pFLPR RFWDYR GHO (VWDWXWR \ 5HJODPHQWR ,QWHUQR GH OD &RPSDxtD PH SHUPLWR HQ
&2192&$5 $ WRGRV \ FDGD XQR GH ORV VHxRUHV DFFLRQLVWDV GH OD &RPSDxtD 7UDQVSRUWH HQ 7D[LV ÂŽ /RV 3XSRVÂŽ 6 $ D -XQWD *HQHUDO 2UGLQDULD D UHDOL]DUVH HO GtD -XHYHV GH )HEUHUR GHO D ODV GH OD WDUGH HQ OD 6HGH 6RFLDO GH OD ,QVWLWXFLyQ XELFDGD HQ ODV FDOOHV &DUDERER \ ODV /DJXQDV SDUD WUDWDU HO VLJXLHQWH RUGHQ GHO GtD &RQVWDWDFLyQ GHO 4XyUXP UHJODPHQWR H LQVWDODFLyQ GH OD -XQWD /HFWXUD \ $SUREDFLyQ GHO $FWD $QWHULRU ,QIRUPH GHO 6U 3UHVLGHQWH GH OD &RPSDxtD ,QIRUPH GHO 6U *HUHQWH GH OD &RPSDxtD ,QIRUPH GHO 6U &RPLVDULR GH OD &RPSDxtD $QiOLVLV \ $SUREDFLyQ GHO %DODQFH *HQHUDO \ GH 5HVXOWDGRV GHO DxR PHV (QHUR D 'LFLHPEUH GHO SRU SDUWH GHO 6U *HUHQWH \ &RQWDGRU GH OD &RPSDxtD $VXQWRV 9DULRV &ODXVXUD GH OD -XQWD 1RWD 6H FRQYRFD GH PDQHUD HVSHFLDO DO 6U $UWXUR ,VDFD] &RPLVDULR 3ULQFLSDO GH OD &RPSDxtD SDUD GLFKD -XQWD
$WHQWDPHQWH
6U ,YiQ +HUQiQGH] 35(6,'(17(
6U -XOLR (FKH *(5(17(
/S $W
ēŊ -Ŋ+ Ŋ/ 11.04( Ŋ"#Ŋ 1 (- Ŋ' 8Ŋ"#2!.-3#-3.Ŋ#-Ŋ+ Ŋ/. + !(¢-ēŊ .2Ŋ,.Ĺ 1 ".1#2Ŋ/("#-Ŋ04#Ŋ2#Ŋ(,/+#,#-3#Ŋ"#2"#Ŋ.!3 5.Ŋ  .Ŋ ;2(!.Ŋ' 23 Ŋ#+Ŋ !'(++#1 3.Ŋ / 1 Ŋ04#Ŋ+.2Ŋ,#-.1#2Ŋ!4+,(-#-Ŋ+ Ŋ2#!4-" 1( ē
c_iei gk[ jeZei bei [ijkZ_Wdj[i Yecfh[dZ[h gk[ i_ kdW f[hiedW i[ gk[ZWh|d [d [b bk]Wh W j[hc_# j_[d[ bW fei_X_b_ZWZ Z[ [dl_Wh W dWh [b XWY^_bb[hWje" f[he i[ Z[X[ ik ^_`e W JkbY|d be ^Wh|d$
),( -ŋ -) , ŋ )' , #)ŋ 2. ,#),ŋ : ŊěŊ 9ece kdW WYj_l_ZWZ
ieij[d_ZW Z[ l_dYkbWY_ÂŒd Yed bW Yeckd_ZWZ" bW Kd_# l[hi_ZWZ Feb_jƒYd_YW ;ijWjWb Z[b 9WhY^_ KF;9 h[Wb_pÂŒ bW fh_c[hW [jWfW Z[ bW ?L @eh# dWZW Z[ 9ec[hY_e ;nj[h_eh" ZkhWdj[ bei Z‡Wi (&" (' o (( Z[ [d[he$ 9ƒiWh ;dh‡gk[p" Z_h[Yjeh Z[ [iYk[bW" _dZ_YÂŒ gk[ [d [ijW efehjkd_ZWZ bW ?L @ehdW# ZW Z[ 9ec[hY_e ;nj[h_eh i[ Z[iWhhebbWh| [d jh[i [jWfWi" gk[ Z[ WYk[hZe Wb Yhede]hW# cW Yedj_dkWh| [b )" * o + Z[ \[Xh[he" o bW j[hY[hW [jWfW fh[l_ijW fWhW [b '" (" ) o * Z[ cWhpe" Yecfb[jWdZe Wi‡ /, ^ehWi WYWZƒc_YWi [ijWXb[Y_# ZWi fWhW [ijW YWfWY_jWY_ÂŒd$ ;dh‡gk[p [nfb_YÂŒ gk[ [b eX`[j_le [i YWfWY_jWh W bei 7][dj[i 7Ă’ WdpWZei Z[ 7ZkWdW o W jeZWi bWi f[hie#
ēŊ .2Ŋ2#2#-3 Ŋ/ 13(!(/ -3#2Ŋ #-Ŋ+ Ŋ Ŋ .1- " Ŋ"#Ŋ .,#1!(.Ŋ 73#1(.1ŊŊ1#!( #-Ŋ+ Ŋ! / !(3 !(¢-Ŋ #-Ŋ#+Ŋ+ .1 3.1(.Ŋ"#Ŋ(-$.1,;3(! Ŋ"#Ŋ + Ŋ ē
dWi h[bWY_edWZWi Yed [ijW WYj_l_# ZWZ [d [b i_ij[cW ;YkWfWii" gk[ i[ _cfb[c[djWh| [d bei fhÂŒn_# cei c[i[i [d [b fW‡i$ ;b i_jWpW XkiYW c[`ehWh bei fheY[iei WZkWd[hei f[hc_# j_[dZe W jeZei bei ef[hWZeh[i Z[ Yec[hY_e [nj[h_eh h[Wb_pWh iki jhWdiWYY_ed[i$ :[ [ijW cW# d[hW" bW kd_l[hi_ZWZ jhWdiĂ’ [h[ j[Ydebe]‡W o YedeY_c_[djei W bW Yeckd_ZWZ" h[iWbjWdZe gk[ ied jh[i \WY_b_jWZeh[i" [dYWX[pWZei IWck[b HeZh‡]k[p" \kdY_edW# h_e Z[ bW I;D7;" gk_[d[i Z_Y# jWd bWi Yed\[h[dY_Wi" YedYbkoÂŒ [b YWj[Zh|j_Ye$
:
āĈ
g g ĂĆŏ ŏ ŏĂĀāĂ ĂĆŏ ŏ ŏĂĀāĂ
ŏ +.
ŏ +. ŏ ġ ŏ ġ
ŋ/( (ŋ ŋ 0),ŋ ŋ& ŋ (# 4ŋ3ŋ& ŋ $/0 (./ : ũě 7o[h" [d JkbY|d" i[
ũ ēũ -ũ#+ũ-.1.!!("#-3#ũ"#ũ 4+!;-ũ+ 2ũ$4#13#2ũ/1#!(/(3 !(.-#2ũ/+45( +#2ũ/1.5.! 1.-ũ"#2+ 5#2ũ8ũ. 23 !4+(9 1.-ũ#+ũ/ 2.ũ5#'(!4+ 1ũ8ũ/# 3.- +ē
-& 0 -ŋ (ŋ &ŋ(),) # (. ŋ *, ) /* ŋ ŋ&)-ŋ./& ( ) - ũ$ ,(+( ũ " ,-(ăũ! " ũ#2ũ #+ũ1#24+3 ".ũ"#ũ 4-ũ"#2+(9 ,(#-3.ũ #-ũ #++ 5(23 ēũ : ũě ;b bkd[i [d ^ehWi Z[ bW deY^[ [d [b i[Yjeh Z[ 8[bbWl_ijW pedW hkhWb Z[ JkbY|d" kd Z[ibWl[ WYWX Yed bW l_l_[dZW Z[ bW \Wc_# b_W CWbj[Ä;hWpe$ Bk_i CWbj[ [nfb_Y gk[ ik ^_`e o ieXh_de \k[hed i[fkbjWZei feh kd WbkZ Z[ j_[hhW gk[ Z[ijhko ]hWd fWhj[ Z[ ik YWiW kX_YWZW [d bW fWhhegk_W CWbZedWZe$ ;b ^ecXh[ dWhh gk[ ik [ife# iW 7bXW ;hWpe [ ^_`W be]hWhed iWb_h _b[iei f[he b [d ik _dj[dje feh h[iYWjWh W ik ^_`W Z[ Y_dYe W ei Z[ [ZWZ de i[ f[hYWj gk[
+ũ#23 ".ũ"#ũ5~ 2 ŗũ ũ5~ ũ04#ũ"#ũ 4+!;-ũ!.-"4!#ũ ũ+ 2ũ/ 11.04( 2ũ"#ũ '(! +ũ8ũ +".- ".ũ2#ũ/1#ı 2#-3 1.-ũ5 1(.2ũ"#114, #2ũ04#ũ. 23 !4+(9 -ũ#+ũ/ 2.ũ"#ũ/#12.- 2ũ8ũ5#'~!4+.2ũ 4(2ũ Õ(9ũ(-"(!¢ũ04#ũ#-ũ+ ũ5~ ũ2#ũ/1#2#-3 1.-ũ31#2ũ"#114, #2ũũ4-.ũ#-ũ#+ũ2#!3.1ũ"#ũ 2ũ
%4- 2ũ #1"#2Ĕũ '(+, ũ ).ũ8ũ #++ 5(23 ē 1 ũ++#% 1ũ ũ 4+!;-ũ+.2ũ/. + ".1#2ũ"# #-ũ' !#1ũ31 -2 .1".2ũ8ũ#+ũ, +ũ!+(, ũ "(ăũ!4+3 ũ+ ũ "#!4 !(¢-ũ"#ũ+ 2ũ5~ 2ē
ēũ ,(+( 1#2ũ"#ũ+.2ũ-( .2ũ 04#ũ$4#1.2ũ1#2! 3 ".2ũ#-ũ #++ 5(23 ũ #2/#1 -ũ1#%1#2 1ũ +ũ2#!3.1ũ!4 -".ũ+.2ũ ,#-.1#2ũ2#ũ1#!4/#1#-ē
:Whbod Z[ eY^e o 8eb lWh Z[ '' \k[hed jhWi b o gk[ZWhed WjhW# fWZei [d bW l_l_[dZW$ ;b Z[ibWl[ eYkhh_ [b bkd[i [d ^ehWi Z[ bW deY^[" Yed bW WokZW Z[ bW \Wc_b_W Bk_i CWbj[ fkZe
h[iYWjWh W bei Zei _d\Wdj[i$ Bei c[deh[i \k[hed jhWibW# ZWZei W JkbY|d" =[hWhZe CWbj[ WXk[be Z[ bei d_ ei _dZ_Y gk[ feh [b cWb [ijWZe Z[ bWi l Wi jk# l_[hed gk[ h[Wb_pWh kd jhWdiXeh# Ze o bW WcXkbWdY_W bb[] Y[hYW Z[ bWi &+0&& Wb >eif_jWb Bk i =$ :|l_bW Z[ JkbY|d$ >[hd|d O f[p Z_h[Yjeh Z[ bW YWiW Z[ iWbkZ cWd_\[ij gk[ bei d_ ei fh[i[djWd feb_jhWkcWj_i# cei f[he gk[ i[ Z[iYWhj \hWY# jkhWi o feZh Wd i[h ZWZei Z[ WbjW [d bWi fh n_cWi (* W *. ^ehWi" W
ũ ũ ũ ũ
ũ ũ ũ
1, !( 2ũ"#ũ341-.
¡ ũ ũ ũ ũ ũ ũ ũ ŢŴŴī 5<.4 3Ŵ6$"$3Ŵ( 3Ŵ#$* #/Ŵ45Ŵ4 2$ Ŵ0 2 Ŵ$,Ŵ%).Ŵ #$Ŵ3$- . ĪĢ ŢŴŴī $Ŵ( Ŵ0 3 #/Ŵ15$Ŵ,,$& 3Ŵ ,Ŵ#/-).&/Ŵ0/2Ŵ, Ŵ 4 2#$Ŵ9Ŵ ×.Ŵ4)$.$3Ŵ4/#/3Ŵ,/3Ŵ#$!$2$3Ŵ$3"/, 2$3Ŵ 0$.#)$.4$3Ī ŢŴŴ )Ŵ Ŵ$34 3Ŵ02$&5.4 3Ŵ( 3Ŵ2$30/.#)#/Ŵ0/3)4)6 ļ -$.4$ğŴ3$&52 -$.4$Ŵ4$Ŵ( Ŵ% ,4 #/Ŵ5. Ŵ"/22$"4 Ŵ 0, .)%)" ").Ŵ#$Ŵ453Ŵ(/2 3Ŵ#$Ŵ$345#)/ĞŴ Ŵ-$.5#/Ŵ ./Ŵ! 34 Ŵ3/, -$.4$Ŵ"/.Ŵ, Ŵ6/,5.4 #Ŵ#$Ŵ$345#) 2ġŴ ( 9Ŵ15$Ŵ"2$ 2Ŵ(<!)4/ĞŴ ŢŴ Ŵ 54/#)3")0,). Ŵ$3Ŵ15):<Ŵ5./Ŵ#$Ŵ,/3Ŵ,/&2/3Ŵ -<3Ŵ3)&.)ĎŴ" 4)6/3Ŵ$.Ŵ, Ŵ%/2- ").Ŵ " #j-)" Ŵ 9Ŵ3).Ŵ#5# Ŵ3$Ŵ"/-0$.3 Ŵ ,Ŵ/!4$.$2Ŵ5.Ŵ2$.#)ļ -)$.4/Ŵ04)-/Ŵ$.Ŵ$,Ŵ"/,$&)/Ŵ/Ŵ, Ŵ5.)6$23)# #Ğ ŢŴ 5"(/3Ŵ ,5-./3Ŵ-59Ŵ" 0 "$3Ŵ4$2-). .Ŵ "/.Ŵ! */Ŵ2$.#)-)$.4/Ŵ$3"/, 2Ŵ .4$Ŵ35Ŵ#$3/2ļ
& .): ").ğŴ-)$.42 3Ŵ15$Ŵ/42/3Ŵ-$./3Ŵ#/4 ļ #/3Ŵ( .Ŵ/!4$.)#/Ŵj8)4/Ŵ0/215$Ŵ4)$.$.Ŵ#)3")0,)ļ . Ŵ9Ŵ0, .)ĎŴ" .Ŵ35Ŵ$345#)/Ğ ŢŴ 2 Ŵ/2& .): 2Ŵ5.Ŵ(/2 2)/Ŵ#$Ŵ$345#)/3ğŴ$3Ŵ 02$")3/Ŵ # 04 2,/Ŵ Ŵ, 3Ŵ")2"5.34 .") 3Ŵ0$23/ļ . ,$3Ŵ05$3Ŵ#$Ŵ. # Ŵ3)26$Ŵ5.Ŵ0, .Ŵ$342)"4/ğŴ3)Ŵ $3Ŵ)-0/3)!,$Ŵ#$Ŵ"5-0,)2ĞŴ /Ŵ/!34 .4$ğŴ, Ŵ%2$ļ "5$.") Ŵ2$"/-$.# # Ŵ$3Ŵ, Ŵ3)&5)$.4$ġ ŢŴėŴ ŴĚŴ «/3ŴŴēęļĕĒŴ-).54/3ŀ# ŴŴĕŴŴėŴ# 3ŀ 3$- . Ŵ ŴŢŴŴěŴ ŴēĔŴ «/3ŴŴēļĔŴ(/2 3ŀ# ŴŴęŴ# 3ŀ3$- . ŢŴēĕŴ ŴēĜŴ «/3ŴŴĔļĕŴ(/2 3ŀ# ŴŴęŴŴĚŴ# 3ŀ 3$- . ŢŴ $&, 3Ŵ!<3)" 3Ŵ ŢŴ ).Ŵ)-0/24 2Ŵ, Ŵ$# #Ŵ9Ŵ")2"5.34 .") 3Ŵ0$23/ļ . ,$3ğŴ$8)34$.Ŵ2$&, 3Ŵ!<3)" 3Ŵ0 2 Ŵ$,Ŵ$345#)/Ŵ
kde Z[ bei d_ ei i[ b[ Wfb_Y c[# Z_YWc[djei fWhW [b Zebeh$ =beh_W CWbj[ bb[] Z[iZ[ bW fhel_dY_W Z[ ?cXWXkhW W l[h W ik ^_`e 8eb lWh [b c[dei [ijWXW Z[ lWYWY_ed[i [d 8[bbWl_ijW" ik cW# Zh[ _dZ_Y gk[ [ijW [i bW fh_c[hW l[p gk[ eYkhh[ kd Z[ibWl[ [d [b i[Yjeh$ F[hiedWb c Z_Ye Z[ bW Z_h[Y# Y_ d Z[ iWbkZ l_W` Wb i[Yjeh fWhW WokZWh W bei fei_Xb[i ZWcd_Ò YW# Zei" i[ Z[iYedeY[ bWi f hZ_ZWi [Yed c_YWi gk[ b[ YWkiWhed bWi bbkl_Wi W bW \Wc_b_W CWbj[$
$.Ŵ" 3 ġ ŢŴ ,Ŵ(/2 2)/Ŵ#$Ŵ$345#)/Ŵ#$!$Ŵ3$2Ŵ Ŵ, Ŵ-)3- Ŵ (/2 Ŵ0 2 Ŵ15$Ŵ3$Ŵ"/.6)$24 Ŵ$.Ŵ(<!)4/Ğ ŢŴ , .)ĎŴ" Ŵ!)$.Ŵ"-/Ŵ( 2<3Ŵ,/3Ŵ42 ! */3ĢŴ./Ŵ )-02/6)3$3ĞŴ ŢŴ 3Ŵ02$%$2)!,$Ŵ"/-$.: 2Ŵ"/.Ŵ/!*$4)6/3Ŵ0$15$ļ «/3Ŵ15$Ŵ 30)2 2Ŵ-59Ŵ ,4/Ŵ9Ŵ./Ŵ0/#$2Ŵ"5-0,)2,/3Ğ ŢŴ , .)%)" Ŵ4 -!)j.Ŵ,/3Ŵ#$3" .3/3ĞŴ /.Ŵ0 24$Ŵ )-0/24 .4$Ŵ#$Ŵ5. Ŵ3$3).Ŵ#$Ŵ$345#)/3ĞŴ /2Ŵ" # Ŵ ėęŴ-).54/3Ŵ#$Ŵ42 ! */ğŴ4- 4$ŴęŀēĒŴ-).54/3Ŵ #$Ŵ2$"$3/Ğ Ţ 2#$. Ŵ, 3Ŵ- 4$2) 3Ŵ$.Ŵ%5.").Ŵ#$Ŵ35Ŵ#)ĎŴ"5,ļ 4 #ĞŴ /Ŵ"/-)$."$3Ŵ"/.Ŵ, Ŵ-<3Ŵ#)% "),ğŴ4 -0/"/Ŵ "/.Ŵ, Ŵ-<3Ŵ%<"),ĞŴ 3Ŵ 3)&. 452 3Ŵ.$542 3Ŵ3)2ļ 6$.Ŵ#$Ŵ" ,$.4 -)$.4/ĞŴ ŢŴ $84/Ŵ4/- #/Ŵ#$Ŵ(440ġŀŀ777Ğ, % -),) Ğ).%/
ŋŋ Ľŋüą Ąŋŋ
ŋŋ ŋ Ą ŋ
ĄŋąŋüăĂþĚāûúĄ ą Ąŋ ŋŋ ŋŋŋŋą üăĂĀĚüĀāĄ ŋŋ Ľŋûą u ŋŋŋ ŋŋ ąŋŋ üăĂÿĚÿāāĄ ŋŋ Ľŋûą ŋŋ ŋ ŋŋ ĄąŋüăĂûĚúāûĄ
[\[Yjk kdW h[kd_ d Yed [b Ò d Z[ [cfh[dZ[h kd fheo[Y# je Z[ fh[l[dY_ d _dj[]hWb [d d_ ei" d_ Wi o WZeb[iY[dj[i$ 8W`e [b b_Z[hWp]e Z[b =e# X_[hde Fhel_dY_Wb Z[b 9WhY^_" i[ _cfb[c[dj [ijW c[iW ie# Y_Wb" Yed bW fh[i[dY_W Z[b ck# d_Y_f_e Z[ JkbY|d" bW Z_h[Y# Y_ d fhel_dY_Wb Z[ [ZkYWY_ d Z[b 9WhY^_" bW Z_h[YY_ d fhe# l_dY_Wb Z[ iWbkZ" [b 9EDI;F" bW ieY_[ZWZ Y_l_b" [b YedY[`e YWdjedWb Z[ bW d_ [p o WZe# b[iY[dY_W" Feb_Y W o c|i$ Heic[ho F_bbW`e" YeehZ_# dWZehW Z[ Yeef[hWY_ d fWhW [b Z[iWhhebbe Z[b =eX_[hde Fhel_dY_Wb Z[b 9WhY^_" _d# Z_Y Yed fh[eYkfWY_ d gk[ bei WZeb[iY[dj[i Yedikc[d Zhe]Wi o WbYe^eb$ 7i Yece ^Wo kd Wbje d c[he Z[ WZe# b[iY[dj[i [cXWhWpWZWi$ ;ij[ [i kd jhWXW`e gk[ i[ bb[lW W YWXe Z[iZ[ ^WY[ c|i Z[ kd W e$ Bk[]e Z[ bW [bWXehWY_ d Z[b fheo[Yje" i[ j[dZh| [b Ò # dWdY_Wc_[dje$ ;b fheo[Yje gk[ [ij| Yed# j[cfbWZe fWhW jh[i W ei Yed kd cedje Z[ '+& c_b Z bWh[i Yedj_[d[ bW fh[l[dY_ d Z[ Zhe]Wi" [ZkYWY_ d i[nkWb o h[fheZkYj_lW$ FWhW Wgk[bbe" i[ _d_Y_Wh| Yed kd fheo[Yje f_beje [d [b ?dij_jkje 8eb lWh o bk[]e i[ [nj[dZ[h| W jeZW bW fhel_dY_W$ ÆBei ZWjei ied WbWhcWdj[i$ 9WZW W e Wk# c[djW c|i o Z[X[cei Xki# YWh \ehcWi fWhW Z[j[d[h [ij[ fheXb[cWÇ$
^ 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
-!.ũ ũũũũũũũũũũũũũĉĒďĉıČĈĈ -!.ũ"#+ũ 4231.ũũũũũũũũũũũũũũũĉĒđČıĉĒĒ -!.ũ (!'(-!' ũũũũũũũũũũũũũũũũũĉĒđćıĎĉĒ -!.ũ"#ũ 4 8 04(+ũũũũũũũũũĉĒďĉıČćć -!.ũ (-! ũũũũũũũũũũũũũũũũũũũũũũũũũũĉĒđđıĒđđ
Ĺ? Ĺ?
Ĺ?
Ä Ä‰
g Ĺ? g ĂĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚ ĂĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
Ĺ? +. Ĺ? ÄĄ
0 (4 ( (.,)-ŋ /&./, & -ŋ } Ŋě >eo [d bW cW‹WdW"
bb[]Wh|d jƒYd_Yei Z[b C_d_ij[# h_e Z[ 9kbjkhW ^WijW [b YWdjÂŒd 8eb‡lWh fWhW ^WY[h kd [ijkZ_e ieXh[ bW Yh[WY_ÂŒd Z[ kd Y[djhe _dj[hYkbjkhWb$ ;b `k[l[i l_W`Wh|d `kdje Yed =k_bb[hce ;hWpe" Z_h[Y# jeh fhel_dY_Wb Z[ YkbjkhW W bW fWhhegk_W CWbZedWZe fWhW YedYh[jWh bW Yh[WY_ÂŒd Z[b Y[d# jhe _dj[hYkbjkhWb X_dWY_edWb \hedj[h_pe$ Æ;ijei Y[djhei j_[d[d bW \_dWb_ZWZ Z[ fhecel[h bWi Whj[i o bW YkbjkhW Z[ bWi fe# XbWY_ed[i Z[ bWi fWhhegk_Wi ;b 9^_YWb o CWbZedWZe Wi‡ Yece fhecel[h [b Z[iWhhebbe Z[b WcX_[dj[ o jkh_ice [d _d# j[hh[bWY_ÂŒd Yed bei Zei c_d_i# j[h_ei Yehh[ifedZ_[dj[iÇ$ ;b l_[hd[i W bWi '&0&&" i[ ^Wh| [b [dYk[djhe ^_ijÂŒh_Ye [d bW 9WiW Cki[e Z[ IWd =WXh_[b ZedZ[ fWhj_Y_fWh|d f[hie# dWb_ZWZ[i YedeY[ZehWi Z[ bW ^_ijeh_W Z[ ;beo 7b\Whe Yed bW Wi_ij[dY_W Z[ [ijkZ_Wdj[i Z[ bei Yeb[]_ei Z[ bW fhel_dY_W$
ēŊ 4(++#1,.Ŋ 1 9.ĔŊ"(1#!3.1Ŋ /1.5(-!( +Ŋ"#+Ŋ (-(23#1(.Ŋ"#Ŋ 4+Ĺ 341 Ŋ1#!.11#1;Ŋ+ Ŋ/1.5(-!( ē
- )(. '#( ,6(ŋ,/. ŋ ŋ& ŋ- &/ ŋ (ŋ &ŋ5(! & #Ŋ1# +(9 Ŋ#+Ŋ !#11 ,(#-3.Ŋ"#+Ŋ -3(%4.Ŋ .3 "#1.Ŋ "#Ŋ 241 Ŋ#-Ŋ#+Ŋ ! -3¢-Ŋ 2/#).ēŊ Ŋ: Ŋě 9Whbei 8[dWl_Z[i" h[Y#
jeh Z[b Yeb[]_e ÆB_X[hjWZÇ" Z_`e gk[ de fWh[Y[ `kije gk[ [d fb[de i_]be NN" i[ j[d]W [iW c[djWb_# ZWZ Z[ YedjWc_dWh bW dWjkhW# b[pW" Wb bWdpWh XWikhW$ ÆBWdpWd ^WY_W [b h‡e ;b Ă›d][b0 YWhhe‹W" Z[if[hZ_Y_ei Z[ h[ijWkhWdj[i o i[c_bbW Z[ fWfW ZW‹WZWÇ$ ;b ckd_Y_f_e Z[ ;if[`e h[# fh[i[djWZe feh ik WbYWbZ[ Abƒ# X[h 7dZhWZ[ Yed [b Wfeoe Z[b =eX_[hde Fhel_dY_Wb Z[b 9WhY^_" h[Wb_pW [b Y[hhWc_[dje Z[ fhej[Y# Y_ÂŒd Z[ bW cWh][d _pgk_[hZW Z[ bW h_l[hW Z[b h‡e ;b Ă›d][b" [d [b i[Y# jeh Z[b hWcWb Z[ ?d]”[pW ZedZ[ Wdj_]kWc[dj[ [ijWXW [b XejWZ[he Z[ XWikhW$ BW Ă’ dWb_ZWZ [i [l_jWh bW Yed# jWc_dWY_ÂŒd Z[b h‡e ;b Ă›d][b$ Feh [ij[ i_j_e i[ bWdpWXW0 XWikhW" Z[# i[Y^ei Z[ YedijhkYY_ÂŒd" [iYec# Xhei o ejhei gk[ fk[Z[d YWkiWh W\[YjWY_ed[i Wb i[h ^kcWde o W bW dWjkhWb[pW$ 7 f[iWh gk[ [n_ij[ kd dk[le h[bb[de iWd_jWh_e Yedijhk_Ze [d [b ( &&( feh [b i[Yjeh Z[ Jki# YkWpW" fWhhegk_W IWd ?i_Zhe W + a_bÂŒc[jhei Z[ ;b Ă›d][b" bW ][dj[ i_]k[ XejWdZe bW XWikhW [d [b h[# bb[de Wdj_]ke$
$#!3 !(¢-Ŋ Ŋ5 1( 2Ŋ!.,4-(" "#2Ŋ
:[iZ[ [ij[ h‡e i[ X[d[\_Y_Wd
(O *RELHUQR 0XQLFLSDO GH 0RQW~IDU \ HO &XHUSR GH %RPEHURV
Z[ h[]WZ‡e" bWi feXbWY_ed[i Z[0 ?d]”[pW" ;b Ă›d][b" IWd ?i_Zhe" C_hW$ <_dWbc[dj[ Z[i[cXeYW [d [b h‡e 9^ejW$ ÆBe _cfehjWdj[ [i h[Ykf[hWh [ijW pedW" Z[dec_dWZW0 ÆBW hkjW Z[ bW iWbkZÇ ZedZ[ bWi f[hie# dWi WYkZ[d W h[Wb_pWh Z[fehj[Ç" _dZ_YÂŒ FWXbe OWp|d" jƒYd_Ye Z[b :[fWhjWc[dje Z[ =[ij_ÂŒd 7c# X_[djWb Z[b Ă›h[W Z[ H[Ykhiei DW# jkhWb[i$ :_Y^W hkjW Yecfh[dZ[ . a_bÂŒc[jhei$ Bei jhWXW`ei i[ _d_Y_Whed [b '& Z[ [d[he Yed bW b_cf_[pW Z[b i[Y# jeh o bW YebeYWY_ÂŒd Z[ feij[i Z[ ^ehc_]ÂŒd o WbWcXhWZe$ ;ij[ fheY[ie YedYbkoÂŒ [b fW# iWZe l_[hd[i [d ik fh_c[hW [jWfW$ BW i[]kdZW [jWfW" i[
1.3#!!(¢-Ŋ"#Ŋ5#13(#-3#2Ŋ ŊŊ #-31.Ŋ"#+Ŋ/+ -Ŋ./#1 3(5.Ŋ#-Ŋ!..1"(- !(¢-Ŋ!.-Ŋ#+Ŋ . (#1-.Ŋ 1.5(-!( +Ŋ"#+Ŋ 1Ĺ ŗ!'(ĔŊ2#Ŋ/1.3#%#1;Ŋ4- 2Ŋ!4 31.Ŋ$4#-3#2Ŋ"#Ŋ %4 Ŋ04#Ŋ2.-Ŋ43(+(9 " 2Ŋ/ 1 Ŋ#+Ŋ!.-24,.Ŋ
'4, -.Ä“ĹŠ -3#1(.1,#-3#ĔŊŊ2#ĹŠ(-3#15(-(#1.-ĹŠ!.-ĹŠ#+ĹŠ . (#1-.ĹŠ 1.5(-!( +ĹŠ"#+ĹŠ 1!'(ĔŊ$4#-3#2ĹŠ "#ĹŠ %4 ĹŠ#-Ä–ĹŠ 4!'ĂŒ#2ĔŊ 1+(9 ,;ĔŊ -ĹŠ 2("1.ĹŠ8ĹŠ +.8ĹŠ +$ 1.ĹŠ"#ĹŠ+ ĹŠ/ 11.04( ĹŠ ĹŠ
( #13 "Ä“ĹŠ .+(!(3 -ĹŠ4- ĹŠ,."(ÄƒĹŠ! !(¢-ĹŠ ĹŠ+ ĹŠ.1"#- -9 ĹŠ !34 +ĹŠ/ 1 ĹŠ/1.!#"#1ĹŠ ĹŠ2 -!(.- 1ĹŠ ĹŠ +.2ĹŠ, +.2ĹŠ!(4" " -.2ĹŠ04#ĹŠ+ -9 -ĹŠ 241 Ä“ĹŠ #ĹŠ#2/#1 ĹŠ04#ĹŠ#-ĹŠ+.2ĹŠ/1¢7(,.2ĹŠ,#2#2ĔŊ 2#ĹŠ!4#-3#ĹŠ!.-ĹŠ4-ĹŠ#23 343.Ä“ĹŠ
_d_Y_W [d \[Xh[he Yed bW0 h[ijWk# hWY_ÂŒd [YebÂŒ]_YW W jhWlƒi Z[ fhe# Y[iei Z[ h[\eh[ijWY_ÂŒd Yed [if[# Y_[i dWj_lWi Z[b i[Yjeh o fbWdjWi ehdWc[djWb[i$ Æ9ed [ij[ Y_[hh[ jƒYd_Ye i[ YbWk# ikhWh| Z[ cWd[hW Z[Ă’ d_j_lW [ij[ XejWZ[he Z[ XWikhWÇ" cWd_\[ijÂŒ"
FWebW HeiWi" @[\[ Z[b :[fWhjWc[d# je Z[ =[ij_Œd 7cX_[djWb o :[iW# hhebbe 9eckd_jWh_e$ ;b Yeije Z[ bW eXhW [i Z[ + c_b ZŒbWh[i$ 7 \kjkhe i[ _dijWbWh|d fbWdjWi Z[ jhWjWc_[dje Z[ W]kWi h[i_ZkW# b[i gk[ c_d_c_Y[d bW YedjWc_dW# Y_Œd Z[b h‡e$
),,# )Ĺ‹ -./ # (.#&Ĺ‹
&2192&$
: ĹŠÄ› Bei [ijkZ_Wdj[i Z[b
$ ODV SHUVRQDV TXH HVWHQ LQWHUHVDGDV HQ FRQIRUPDU HO &RQVHMR GH $GPLQLVWUDFLyQ \ 'LVFLSOLQD GHO &XHUSR GH %RPEHURV D SUHVHQWDU VXV GRFXPHQWRV HQ ODV ,QVWDODFLRQHV GHO &XDUWHO
|h[W Z[ Y_[dY_Wi ieY_Wb[i o b_j[hWjkhW Z[ bei _dij_jkjei0 L_Y[dj[ <_[hhe" 8eb‡lWh" JkbY|d o Z[b Yeb[]_e 9ed# i[`e Fhel_dY_Wb gk[ ikcWd kd jejWb Z[ *& [ijkZ_Wdj[i" h[Wb_pWh|d ^eo kd h[Yehh_Ze feh bW fWhhegk_W Z[ IWb_dWi [d ?cXWXkhW$ ;b eX`[j_le [i Yedc[# cehWh bW ^e]k[hW X|hXWhW$ C|i jWhZ[" i[ jhWibWZWh|d W bW ;ijWY_Œd 9WhY^_" [d Zed# Z[ bei iWX[Zeh[i Z[ bW c[# ceh_W ehWb [nfedZh|d iki l_l[dY_Wi Z[b \[hheYWhh_b [d
8ELFDGDV HQ HO EDUULR &HQWHQDULR FDOOH 5tR (VPHUDOGDV \ &DUORV 2xD KDVWD HO GtD MXHYHV GHO SUHVHQWH HQ KRUDV GH 2ILFLQD
*RELHUQR 0XQLFLSDO GH 0RQW~IDU
Ä“ĹŠ +ĹŠ,4-(!(/(.ĹŠ"#ĹŠ 2/#).ĹŠ1# +(9¢Ŋ#+ĹŠ!#11 ,(#-3.ĹŠ"#+ĹŠ -3(%4.ĹŠ .3 "#1.ĹŠ"#ĹŠ 241 ĹŠ ĹŠÄƒĹŠ-ĹŠ"#ĹŠ#5(3 1ĹŠ04#ĹŠ#+ĹŠ1~.ĹŠ +ĹŠ:-%#+ĹŠ 2#ĹŠ!.-3 ,(-#Ä“ĹŠ
/S $W
ēŊ -Ŋ+ Ŋ 23 !(¢-Ŋ 1!'(Ŋ2#Ŋ#7/.-"1;Ŋ2. 1#Ŋ+ 2Ŋ5(5#-!( 2Ŋ"#+Ŋ$#11.! 11(+Ŋ8Ŋ24Ŋ _/.! Ŋ"#Ŋ .- -9 ēŊ
bei j_[cfei Z[ XedWdpW$ ;d [i[ bk]Wh" jWcX_ƒd [ijWh|d fh[i[d# j[i bei [ijkZ_Wdj[i Z[b Yeb[]_e BW 9edY[fY_ÂŒd$ ÆI[ ZWh| W YedeY[h [b _cfkb# ie gk[ h[Wb_pW [ij[ =eX_[hde [d bW h[WYj_lWY_ÂŒd Z[b \[hheYWhh_b de Wi‡ [d Wdj[h_eh[i ]eX_[hdei gk[ Z[`Whed [d [b ebl_Ze o gk[ Yed#
l_hj_[hed W bW ;ijWY_ÂŒd 9WhY^_ [d kd fk[Xbe \WdjWicWÇ" i[]‘d Z_`e =k_bb[hce ;hWpe" Z_h[Yjeh fhel_dY_Wb Z[b C_d_ij[h_e Z[ 9kb# jkhW$ <_dWbc[dj[" i[ l_i_jWh| Wb 9[d# jhe 9kbjkhWb IWdjW 7dW ZedZ[ i[ fheo[YjWh| ZeYkc[djWb[i Z[ bW l_ZW o eXhW Z[ ;beo 7b\Whe$
.# ( (Ĺ‹ Ĺ‹ )-Ĺ‹* ,-)( -Ĺ‹*),Ĺ‹ ., (-*),. Ĺ‹ Ĺ‹' ,#"/ (
2ĹŠ /1#'#-"(".2ĹŠ 2#ĹŠ,.5(+(9 -ĹŠ !.,.ĹŠ/ 2 )#1.2ĹŠ#-ĹŠ 4-ĹŠ 42ĹŠ"#ĹŠ2#15(!(.ĹŠ (-3#1/1.5(-!( +Ä“ĹŠ
g ĂĆĹ?Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚ ĂĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
Ä ÄŠ
7/+.2(¢-Ŋ#-Ŋ /( +#2Ŋ
Ĺ—ĹŠĹŠĹŠ
: ŊěŊ;d [b Yedjheb feb_Y_Wb Z[
BW FWp i[ Z[jkle W Zei f[hiedWi gk[ i[ Z_h_]‡Wd W bW YWf_jWb$ Bei Wfh[^[dZ_Zei l_W`WXWd Yece fWiW`[hei [d kd Xki Z[ i[hl_Y_e _dj[hfhel_dY_Wb$ ;Z_ied ?$" o BWkhW L$" \k[hed Z[j[d_Zei feh jhWdifehj[ Z[ Zhe]Wi" [d bW h[l_i_ÂŒd l[^_YkbWh i[ Z[j[YjÂŒ gk[ [d [b fehjWcW# b[jWi Z[ bei Wi_[djei [d bei gk[ l_W`WXWd bei ^eo Z[j[d_Zei i[ [dYedjhWXW kd Xebie" Wb h[l_iWh i[ [dYedjhÂŒ kdW Y^Wgk[jW gk[ ]kWhZWXW [d kde Z[ bei Xebi_# bbei jh[i fWgk[j[i [dlk[bjei [d kdW \kdZW fb|ij_YW o YkX_[hje Yed Y_djW Z[ [cXWbW`[$ ;Z_ied ?$" YedeY_Ze Yed [b Wb_Wi Z[ Æ;b 9^WleÇ j_[d[ YkW# jhe Z[j[dY_ed[i Wdj[h_eh[i feh lWh_Wi YWkiWi [djh[ [bbWi [dYkXh_c_[dje Z[ _d\hWYY_e# d[i" [iY|dZWbe [d bW l‡W f‘Xb_# YW" heXe o ^khje i_ij[c|j_Ye" ik YecfW‹[hW Z[ l_W`[ BWkhW L$" de j_[d[ Wdj[Y[Z[dj[i f[# dWb[i$ BW ikijWdY_W l[hZeiW [d# YedjhWZW [d [b _dj[h_eh Z[b
ƒ
ĹŠ
Ŋ, 1('4 - Ŋ (-! 43 " Ŋ( Ŋ Ŋ 2#1Ŋ"(231( 4(" Ŋ #-Ŋ".2(2ĔŊ +1#"#Ĺ ".1Ŋ"#Ŋ,(+ŊĊććŊ ".2(2Ŋ"#Ŋ, 1(Ĺ '4 - Ŋ/4"(#1.-Ŋ 2#1Ŋ1#3(1 " 2Ŋ"#+Ŋ ,#1! ".Ŋ- !(.Ĺ - +ē
Ä“ĹŠ .2ĹŠ/#12.- 2ĹŠ$4#1.-ĹŠ"#3#-(" 2ĹŠ/.1ĹŠ31 -2/.13#ĹŠ"#ĹŠ, 1('4 - Ä“ĹŠ 2ĹŠ/#12.- 2ĹŠ$4#1.-ĹŠ"#3#-(" 2ĹŠ!4 -".ĹŠ2#ĹŠ ,.5(+(9 -ĹŠ#-ĹŠ4-ĹŠ 42ĹŠ2#ĹŠ2#15(!(.ĹŠ(-3#1/1.5(-!( +Ä“
Xebie Z_e Yece h[ikbjWZe W cWh_^kWdW Yed kd f[ie Xhkje Z[ c_b )&+ ]hWcei$ I[ YWbYkbW gk[ [b lWbeh Wfhen_cWZe Z[ bW ikijWdY_W [i Z[ Y_dYe c_b ZŒbWh[i gk[ _XW W i[h [djh[]WZW o [nf[dZ_ZW [d Gk_je$ I[ fh[lƒ gk[ ied Wbh[# Z[Zeh Z[ c_b )&& Zei_i Z[ bW Zhe]W bW gk[ i[ _XW W [nf[d# Z[h$ Bei Z[j[d_Zei Z[X[h|d f[h#
.! ~- ĹŠ+~04(" ĹŠ Ĺ—ĹŠĹŠ ĹŠ!.! ~- ĹŠ+~04(" ĹŠ04#ĹŠ$4#ĹŠ"#!.,(2 " ĹŠ#-ĹŠ 4,(!' ! ĹŠ/#1.ĹŠ04#ĹŠ$4#ĹŠ/ 13#ĹŠ"#ĹŠ 4- ĹŠ#-31#% ĹŠ!.-31.+ " ĹŠ+ ĹŠ!4 +ĹŠ3#-~ ĹŠ!.,.ĹŠ"#23(-.ĹŠ (%.ŊIJŊ 2/  ē +ĹŠ/ 1#!#1ĹŠ+ ĹŠ/#12.- ĹŠ04#ĹŠ+.ĹŠ31 -2/.13 ĹŠ1#!.%(¢Ŋ#+ĹŠ +! +.("#ĹŠ#-ĹŠ +(ĹŠ IJŊ .+., ( ĔŊ#+ĹŠ5 +.1ĹŠ"#ĹŠ+ ĹŠ"1.% ĹŠ#2ĹŠ"#ĹŠ /1.7(, " ,#-3#ĹŠÄŒÄŽÄ?ĹŠ,(+ĹŠ"¢+ 1#2ĹŠ#-ĹŠ#+ĹŠ ,#1! ".ĹŠ#41./#.Ä“ - ĹŠ ēĔŊ8ĹŠ ĂŒ+ĹŠ ēĔŊ-.ĹŠ/1#2#-3 -ĹŠ -3#!#"#-3#2ĹŠ/#- +#2Ä“
cWd[Y[h /& Z‡Wi fh_lWZei Z[ pWd bWi _dl[ij_]WY_ed[i ieXh[ bW b_X[hjWZ c_[djhWi i[ h[Wb_# [b YWie$
ěŊ7o[h [d ^ehWi Z[ bW cW‹WdW [d [b i[Yjeh Z[ bW J[hc_dWb J[hh[ijh[ Z[ ?f_Wb[i i[ h[fehjÂŒ kdW [nfbei_ÂŒd$ BWi Wkjeh_ZWZ[i _dl[ij_]Wd i_ [d [b ^[Y^e i[ fh[i[djWhed f[hiedWi ^[h_ZWi e W gk_ƒd \k[ Wjh_Xk_Ze WZ[c|i Z[ Ye# deY[h gk[ [b[c[dje kj_b_pWhed fWhW bWi Z[jedWY_ed[i$ I[ Z[iYedeY[ i_ bW [nfbe# i_ÂŒd \k[ fheleYWZW" [ij[ de [i [b fh_c[h YWie gk[ i[ fh[i[djW [d bW Y_kZWZ \hedj[h_pW$ ;d [b ‘bj_ce jh_c[ijh[ Z[b W‹e Wdj[h_eh kdW [b[c[dje [nfbei_le \k[ Z[jedWZe Y[hYW Wb ]hkfe 9WXWb$
#12.- 2ĹŠ"#3#-(" 2
Ĺ—ĹŠ ĹŠĹŠ ŊěŊ;d bW ‘bj_cW i[cW# dW [d ?f_Wb[i i[ Z[jkl_[hed W '+ f[hiedWi WYkiWZWi Z[ lW# h_ei Z[b_jei Yece [iY|dZWbei fkXb_YWi o h_‹Wi YWbb[`[hWi$ ;d [djh[ bei Z[j[d_Zei jWcX_ƒd [ij|d ck`[h[i" [d be ef[hWj_lei jWcX_ƒd i[ be]hÂŒ h[Ykf[hWh lWh_Wi cejeY_Yb[# jWi o Wkjecejeh[i gk[ ied kj_b_pWZei fWhW WYj_l_ZWZ[i Z[b_Yj_lWi o bk[]e ied WXWd# ZedWZei$ Bei fhef_[jWh_ei Z[ bei l[^‡Ykbei Z[X[d jhWc_jWh ik Z[lebkY_ÂŒd$
ēŊ -Ŋ 1( .Ŋ2#Ŋ ++ -¢Ŋ4- Ŋ5(5(#-" Ŋ#-Ŋ+ Ŋ04#Ŋ2#Ŋ#+ .1 Ŋ,#Ĺ "(!(- Ŋ2(-Ŋ 43.1(9 !(¢-ē
ŊěŊ;d ef[hWj_lei Z[ Yedjheb
W][dj[i Z[ feb_Y‡W l[h_\_YWhed gk[ kdW l_l_[dZW i[ WZkbj[hWXW c[Z_YWc[djei kj_b_pWZei fWhW Z_\[h[dj[i Zeb[dY_Wi$ ;b bk]Wh \k[ WbbWdWZe o [dYed# jhWhed c[Z_Y_dWi b_ijWi fWhW i[h Z_ijh_Xk_ZWi [d jeZe [b Z[fWhjW# c[dje Z[ DWh_‹e$ De i[ h[fehjWhed Z[j[d_Zei f[he bWi f[hiedWi _dlebkYhWZWi [d [b Z[b_je Z[X[h|d i[h `kp]WZWi
feh \Wbi[ZWZ c[hYWZ[h‡W o WZkbj[hWY_ÂŒd Z[ fheZkYjei$ ;b bk]Wh ZedZ[ i[ [cfW# gk[jWXW bWi c[Z_Y_dWi de j[d‡W [b f[hc_ie Yehh[ifed# Z_[dj[ o bei c[Z_YWc[djei de YedjWXWd Yed [b h[]_ijhe iWd_jWh_e$ I[ fh[ikc[ gk[ bW c[Z_# Y_dW oW i[ Yec[hY_Wb_pWXW [d ejhei Z[fWhjWc[djei [ _dYbkie [d dehj[ Z[ ;YkW# Zeh$ I[]‘d bWi Wkjeh_ZWZ[i i[ jhWjW Z[ cWhYWi Z[ c[Z_Y_# dWi gk[ ied cko YeijeiWi be gk[ h[fh[i[djW ]hWdZ[i ]W# dWdY_Wi fWhW bei \Wbi_Ă’ YWZe# h[i$ I[ _dl[ij_]W i_ [n_ij[d ejhWi f[hiedWi l_dYkbWZWi Yed [b Z[b_je$
)'#-)Ĺ‹ Ĺ‹ ' # #( -Ĺ‹ /&. , -Ĺ‹
ŏ ŏ
ŏ ŏ ŏ
ŏ
ĂĀ ĂĀ 0%!),+ 0%!),+ 0%!),+ (! 01. (! 01. (! 01. āĆŏ)%*ċ āĆŏ)%*ċ āĆŏ)%*ċ
^ ^ : ĂĆŏ ŏ ŏĂĀāĂ ĂĆŏ ŏ ŏĂĀāĂ
ĂĂŏ ŏ ŏĂĀĀĉ
ŏ +. ŏ
ŏ +. ŏ
ŏ +. ŏ
ġ ġ ġ
Ė Ė
ũ }
.,/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
.,/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
-Ì-!( 3#ũ +Ėũũũ -Ì-!( 3#ũ +Ėũũũ
ı
04#" -.ũ #+ĖũĎćĊĉďďĔũĉĉĉČćĎĔũ .! $4#1#ēũ #+ĖũĉĒĎďĎćĉĔũĉďćĐďĉĎũ 7Ėũ ĉĉĉČćďũ 7ĖũĉĉđĒĈđ ĉďĈĉďďĈ %#-!( ĉĖũ +#,#-3#ũ .-!#ũĉĈĒũ8ũ 4+!;-Ėũ 4!1#ũ#-31#ũ 8 !4!'.ũ8ũ 4-~-ı (#"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 .! $4#13#ēũ #+ĖũĊũĉũČĉĈũĐĊć ĉĉĉČćďũ 7ĖũĉĉđĒĈđ 7ĖũĊũĉũČĉĈũĐĊĈ
04#" -.ũ #+ĖũĎćĊĉďďĔũ -3 ēũ #+ĖĎũĉĒĊĈćĒĈē %#-!( ĉĖũ +#,#-3#ũ .-!#ũĉĈĒũ8ũ %#-!( ũ -3 Ėũ 5ēũ 4 13 Ĕũ#-31#ũ! ++#ũ (#"1 '(3 ēũ 7ĖũĎďćĐĊČ đũ8ũĒēũ #+$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
ũ #(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ %#-!( ĈĖ 11 Ėũ ++#ũ #)~ ũĊĎćũ#-31#ũ 4!1#ũ8ũ
%#-!( ĉĖũ +#,#-3#ũ .-!#ũĉĈĒũ8ũ
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
%#-!( ĈĖũ ~!3.1ũ 1 ,(+.ũ 231 " ũđĈũ #(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ %#-!( ĈĖũ
#(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ %#-!( ĈĖũ #(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ 04#" -.ũ #+ĖũĎćĊĉďďĔũĉĉĉČćĎĔũ 04#" -.ũ #+ĖũĎćĊĉďďĔũĉĉĉČćĎĔũ ĉĉĉČćďũ 7ĖũĉĉđĒĈđ ĉĉĉČćďũ 7ĖũĉĉđĒĈđ
ũ
#(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ %#-!( ĈĖũ 4(2ũ ;104#9ũ8ũ , 9.- 2Ĕũ
04#" -.ũ #+ĖũĎćĊĉďďĔũĉĉĉČćĎĔũ #-31.ũ .,#1!( +ũ #(- "#+ũ (2-#Ĕũ ũŒĈĒũ ĉĉĉČćďũ 7ĖũĉĉđĒĈđ #+ĖũũĐũĉũďćďũĐĎćē
04#" -.ũ #+ĖũĎćĊĉďďĔũ Č ũ#ũ (%4#1 2ũıũ 1"#2 ũ #-31 +ē #+ĖũČũĉĊđĎĒđĈĔũČũĉĊđĎĒĐĊē
%#-!( ĈĖũ #(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ 04#" -.ũ #+ĖũĎćĊĉďďĔũ %#-!( ĈĖũ .+~5 1ũ2ĵ-ũ8ũ .! $4#13#ũ ĸ 20ēĹũ "(ă %#-!( ĈĖũũ!(.ũ (+#-(4,ēũ #+$Ėũďũĉũ #(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ ĐĉđďćĉĔũďũĉũĐĉđďććĔũďũĉũĐĉĉĉĒČē 04#" -.ũ #+ĖũĎćĊĉďďĔũĉĉĉČćĎĔũ ĉĉĉČćďũ 7ĖũĉĉđĒĈđ 04#" -.ũ #+Ėũ ĎćĊĉďďē
ĉĒđČĎĎĈũıũĉďĈĉďďĈũıũ ĉĒĉĎČĐĐ ĉĎĎĈıĎĎĉ ĉĒđČĎĎĈũıũĉďĈĉďďĈũıũĉĒĉĎĒĐĊ 1($ 2
97I7 :; FB7O7 Iæ7
6( 9(1'( 81$ &$6$ DG DL
(60
6( 9(1'( 8QD FDVD HQ HO 0LUDGRU GH $OSD FKDFD FRQ GRUPLWRULRV VDOD FRPHGRU FRFLQD EDxR ,QIRU PHV OOD PDU SRU OD WDUGH DG DL
9(1'2 'HSDUWDPHQWRV QXHYRV HQ /D 4XLQWD P 86' $FHSWR À QDQFLDPLHQWR ,QIRU PHV DG DL
9(1'2 &$6$ &RQ P WHUUHQR P FRQV WUXFFLyQ D NP GH 6DQ $QWRQLR GH ,EDUUD VHFWRU 6DQWD ,VDEHO 8VG ,QIRUPHV DG DL
9(1'2 (',),&,2 5HQWHUR FRQ GHSDUWDPHQWRV \ WHUUD]D P FRQVWUXFFLyQ *H QHUD PX\ EXHQD UHQWD PHQVXDO 8ELFDFLyQ WUDV 6HFDS ,QIRUPHV DG DL
9(1'2 &$6$6 18(9$6 (Q $WXQWDTXL &RQMXQWR /RV 1RJDOHV GRV SODQWDV WHUUD]D DFFHVLEOH SDUTXHDGHUR 86' ,QIRUPHV DG DL
6( 9(1'( 81$ &$6$ 'H SLVRV HQ OD XUEDQL]DFLyQ /D 4XLQWD HVTXLQHUD FRQ JDUDJHV DFDEDGRV GH SULPHUD GH ODGULOOR \ KRUPLJyQ ,QIRUPHV 7HOpI PU DL
9(1'2 &$6$ 'H SLVRV FRQ PLQL GHSDUWDPHQWR SUR\HFFLyQ ORFDO FRPHUFLDO VHFWRU ODV XQLYHUVLGDGHV $Y GH -XOLR QHJRFLDEOHV ,QIRUPHV
7HUUHQR $Y 0DULDQR $FRVWD ,QIRU PHV
DG DL
&RQ WHUUHQR DXWRSLVWD ,EDUUD 2WDYDOR VHFWRU 1DWDEXHOD ,QIRU PHV
;ic[hWbZWi ( f_iei" ( Z[fWhjW# c[djei" fWhgk[WZ[he ?D<EHC;I$0 &//.(--() FDUORVSHVDQWHV#JPDLO FRP
9(1'2
(Q HO PHMRU OXJDU GH /D 9LFWRULD FDVD FRQ /RFDO &RPHUFLDO 'LUHF FLyQ 0DUTXH] GH 6DQ -RVp \ 0DQXHO =DPEUDQR ,QIRUPHV DG DL
2325781,'$'
DG DL
2325781,'$' (1 27$9$/2 9HQGR ORWHV GH [ HQ OD &LXGDGHOD /RV /DJRV 8UEDQL]DFLyQ 6DQ 1LFR OiV ,QIRUPHV WHOpIRQRV DG DL
68 0(-25 ,19(56,Ð1 ;LYYLUV KL T LU 0IHYYH ,_JLSLU[L ZLJ[VY JHSSL :mUJOLa ` *PM\LU[LZ ` .VUaHSLZ KL :HH ZL ]LUKL [VKV V WVY SV[LZ KL T ` KL T (WYV]LJOL WYLJPV *LS\SHY! HK HP
6( 9(1'( 'H RSRUWXQLGDG YHQGR +LQR )0 6ROR LQWH UHVDGRV OODPDU DO FHOXODU DG DL
9(1'2 (1 ,%$55$ /RWH GH WHUUHQR GH P FRQ FHUUDPLHQWR XELFDGR MXQWR D OD &GOD (PHOQRUWH 3UHFLR 86' ,QIRUPHV PU DW
325 9,$-( 9(1'2 [LYYLUVZ LU 7\JHN\H`JV LU *OVYSH]x JHZH LZX\PULYH JVU [LYYLUV LU SH *VVW KL ,ULYV 0UMVYTLZ [LStMVUVZ! HK HP
6( 9(1'( &DEH]DO 6~SHU %ULJDGLHU $xR 0RWRU &XQPLV &DMD )XOOHU 7UDVPLVLRQHV 'REOH 5HGXFFLyQ 9HKtFXOR WLHQH 6HJXUR 6DWpOLWH (QOODQWDGR +DELOLWDFLyQ 3HU~ &RORPELD 3UHFLR 86' 1HJRFLDEOHV 0D\RU ,QIRUPDFLyQ
9HQGR &RUVD 3 DxR FRORU EODQFR QHJRFLDEOHV .P GH UHFRUULGR ,QIRU PHV HQ 4XLURJD DG DL
8QD FDVD HQ OD FLXGDGHOD =RLOD *DOiJJDUD iUHD GH FRQVWUXF FLyQ P OODPDU VROR LQWH UHVDGRV FHOXODU DG DL
8\L ZLWH ILSSLaH WHYH H[LUKLY SVJHS LU ([\U[HX\P 3SHTHY HS 3SHTHY H WHY[PY KL SHZ O
&2/(*,2 7e&1,&2 ´3$57,&8/$5 ,0%$<$µ
/27(6 '(6'( & 0 6LQ LQWHUPHGLDULRV SODQRV DSUR EDGRV DJXD OX] KHUPRVR FOLPD HVFULWXUDV LQPHGLDWDV FRQ HO GH HQWUDGD ,QIRUPHV (QWUHYLV WDV ,EDUUD DG DL
DG DL
6( $55,(1'$
9(1'2 )85*21(7$ .,$ FRQ UHFRUULGR PiV DFFLRQHV \ GHUHFKRV GH OD FRP SDxtD (VFRODU /XMR (VWLPED ,Q IRUPHV DG DL
+HUPRVRV PLQL GHSDUWDPHQWRV SDUD HVWXGLDQWHV XELFDGRV HQ HO EDUULR (O 2OLYR 8UEDQL]DFLyQ /RV DOLVRV FDOOH ´$µ /RWH $ SRFRV SDVRV GH OD 871 \ OD 8QLYHUVLGDG &DWyOLFD ,QIRUPDFLyQ DO WHOI DG DL
1HFHVLWD FRQWUDWDU SURIHVRUHV GH
0DWHPiWLFDV ,QJOpV /HQJXDMH
¢(67É6 (0%$5$=$'$" 1R WH SUHRFXSHV OOiPDQRV DEVROXWD GLVFUHVLyQ
,QWHUHVDGRV SUHVHQWDU FDUSHWDV KDVWD HO GtD PDUWHV GH HQHUR HQ 2WDYDOR &DOOH %ROtYDU \ -XDQ 0RQWDOYR WR 3LVR GH K D K &HO
%ULQGDPRV VHUYLFLRV SURIHVLRQDOHV 0RYL
$1'5(6 (/ 5(< '( /26 $0$55(6
7H UHJUHVR DO VHU DPDGR HQ KRUDV 8VWHG \D VH FDQVy GH PHQWLUDV \ IDO VDV SURPHVDV YLVt WHPH \ FRQR]FD HO ~QLFR DPDUUH TXH OH GHPXHVWUD UHVXOWD
GRV UHDOHV
JI
'(&Ì'(7( $ 6(5 )(/,= +2< 0,602 9,6Ì7$0( 2 //É0$0(
2UDFLyQ 0LODJURVD &RQ ItR HQ 7t PL 'LRV 3D GUH +L MR \ (V St UL WX 6DQ WR 0L ~QL FR 6DO YD GRU FRQ WR GDV PLV IXHU ]DV OHV SL GR TXH PH FRQ FH GDQ OD JUD FLD TXH WDQ WR GH VHR 3L GD WUHV GH VHRV XQR GH QH JR FLRV \ GRV LP SR VL EOHV 5H FH QXH YH YH FHV DO $YH PD UtD GX UDQ WH GtDV DO QR YH QR GtD SX EOL TXH HV WH DQXQ FLR \ VH FXP SOL Ui DXQ TXH QR OR FUHD RE VHU YH OR TXH RFX UUL Ui DO FXDU WR GtD GH VX SX EOL FD FLyQ 'R\ JUD FLDV SRU HO ID YRU UH FL EL GR
&ODUR & $ 0
HK HV
SE NECESITA :L|VYP[H JVU L_WLYPLUJPH LU ]LU[HZ WHYH H[LUKLY SVJHS LU ([\U[HX\P ,U[YLNHY KVJ\TLU[VZ LU SH JHSSL *VS}U ` )VSx]HY
&5,6723+(5 52< (;3(572 (1 $0$55(6 '( $025 +DJR UHJUHVDU DO VHU DPDGR HQ KRUDV DPRURVR FDULxRVR \ WLHUQR D \ SDUD WRGD OD YLGD &852 ,0327(1&,$ < 5(7,52 $0$17(6
/(&785$ '( &$57$6 2 7$527+
9LVtWDPH R OOiPDPH HQ HVWH PRPHQWR TXH UHDOL]R WX DPDUUH
6( 1(&(6,7$
0LQL GHSDUWDPHQWR SDUD SDUHMD R SHUVRQD VROD 'LUHFFLyQ $Y 9tFWRU 0DQXHO 3HxDKHUUHUD VHFWRU OD 3ROLFtD ,QIRUPHV WHOpIRQR FHO HQ OD QRFKH
6( $55,(1'$ 8Q PLQL GHSDUWDPHQWR SDUD SHUVR QDV VRODV R SDUHMD 'LUHFFLyQ /RV &HLERV 5tR 3DWDWH \ 5tR /LWD ,QIRUPHV DG DL
$1*(/ '( /$ /8= &85$1'(52 (63,5,78$/ (;3(572 (1 81,Ð1 '( 3$5(-$6 6( 5(*5(6$ $/ 6(5 $0$'2 $5021,=$&,21(6 /,03,$6 6+$0$1,&$6 5(,., /(&785$ '(/ 7$527 75$%$-26 $ ',67$1&,$ ´$0$55(6 (7(5126µ 48,72 &DOOH 5REOHV ( 2À FLQD \ 3iH] //$0( &/ 0
9(1'2
6( $55,(1'$
78 '( 92 7$ , 9 * PU DW
'H RSRUWXQLGDG 5RSD 1XHYD $PHULFDQD GH PDUFD SUHFLRV HFRQyPLFRV 6ROR LQWHUHVDGRV OODPDU DO DG DL
3HUVRQD SDUD WUDEDMDU HQ OD FRFLQD GH XQD SL]]HUtD GH D SP ,QIRUPHV DG DL
DG DL
DG DL
6( 9(1'(
6( 1(&(6,7$ 6(f25,7$
PU DW
325 027,92 '( 9,$-(
#+ĖũĉĎĎĈıĎĎĉũ 7ĖũĉĎĎĉıĈĊĎĔũ.ũ, 1! ũ ũ!4 +04(#1
GHSDUWDPHQWRV GRV GRUPLWRULRV VDOD FRFLQD EDxR YLGHR SRUWHUR JDUDMH HQ HO (MLGR GH ,EDUUD DYH QLGD 0DULDQR $FRVWD GH 'LFLHPEUH \ GH $JRV WR FDVD 7HOpIRQRV
HK HP
6H YHQGH P GH WHUUHQR FRQ iUEROHV IUXWDOHV EDUULR GH $JRVWR ,EDUUD ,QIRU PHV
.-3 !3.
$5 FF
HK HP
9(1'2
#ũ+4-#2ũ ũ5(#1-#2ũ"#ũđĖććũ ũ ũĊĖććũ
$55,(1'2
PU DW
=LUKV JHZH KL [YLZ WPZVZ WVY LZ[YLUHY JVU SVJHSLZ JVTLYJPHSLZ TmZ ZLPZ OHIP[HJPVULZ LU SH WHY[L WVZ[LYPVY JVU NHYHQL HW[H WHYH OV[LS V YLZPKLUJPHS +PYLJJP}U! LU 3HZ 7L|HZ JHSSL 7YPUJPWHS 0UMVYTLZ!
7HUUHQR FRQ GHSDUWDPHQWR 8U EDQL]DFLyQ 1XHYR +RJDU &DU ORV 9LOODFtV \ (UQHVWR 0RQJH 7HOpIRQRV DG DL
HK HP
325 027,92 '( 9,$-(
9(1'2
2 $UULHQGR 'HSDUWDPHQWR HQ &DUDQTXL FDOOH 1D]DFRWR 3XHQWR \ 'XFKL]HOD 7pUPLQR GH OD 'X FKL]HOD ,QIRUPHV DG DL
PLJ
9(1'2 &$6$
.1 1(.
+ 2($(! ".2ũ,(-Ì2!4+ 2ũĸĈĎũ/ + 1 2ĹũũũũŌĊēćć + 2($(! ".2ũ, 8Ì2!4+ 2ũĸĈĎũ/ + 1 2ĹũũũŌĊēĎć ( /.ũ.ũ!+ 2($.3.ũĸ, 8Ì2!4+ ĹũũũŌČēĎć + 1 ũ "(!(.- +ũũũŌĉēćć % ũ".2ũ"~ 2ũ8ũ/4 +~! 3#ũ%1 3(2ũ#-ũ666ē+ '.1 ē!.,
'( 2325781,'$' (/ 32'(5 '( /$ 0(17(
=$0,5 (;3(572 ,17(51$&,21$/ (1 $0$55(6 '( $025
$WUDH HO DPRU GH WX YLGD SRU LPSRVLEOH TXH VHD QR LPSRUWD HO WLHPSR QL OD GLVWDQFLD UHJUHVR DO VHU DPDGR HQ KRUDV 7RWDOPHQWH KXPLOODGR D WXV SLHV $PDUUHV HWHUQRV FXUR PLJ KHFKL]RV \ VDODPLHQWRV +DJR OLPSLDV IORUHFLPLHQWRV OHYDQWR QHJRFLRV HPSUHVDV \ GR\ VXHUWH HQ HO DPRU
//$0( $+25$
9HQGR IiEULFD GH EORTXHV IXQFLR QDQGR \ FHGR HO ORFDO GRQGH IXQ FLRQD HQ DUULHQGR TXH FXHQWD FRQ ERGHJDV \ H[WHQVR SDWLR ,QIRUPHV WHOpIRQR DG DL
5(172 2 9(1'2 +267$/ 7HOpIRQR &HO DG DL
ũũũũũũũũũ
,1)25&217
,03257$17( 0(',2 '( &2081,&$&,Ð1 '37+'4' %1064#6#4
3(5,2',67$6 ',#4 *1,# &' 8+&# %10 (161)4#(Ó# '0 .# 5+)7+'06' &+4'%%+Ø0U ',Ó# GgIN '064' 7%4' ; 1%#(7'46'X &' .70'5 # 8+'40'5 '0 '. 5+)7+'06' *14#4+1 &' MUNN # EGUNN ; &' EIUNN # ELUNN
& # ( ' ! ! $" ! ! ) ! ! & #
!# ! % ( !! !
6L QR D\XGDV D OLPSLDU QR D\XGHV D HQVXFLDU &DPSDxD GH OLPSLH]D SRU OD &LXGDG GH 7XOFiQ
g ŏ ĂĆŏ ŏ ŏĂĀāĂ
ŏ +. ŏ g ġ ĂĆŏ ŏ ŏĂĀāĂ
ŏ +. ŏ ġ
Ăā Ăā
9B7I?<?97:EI B7 >EH7 ?87HH70 &, ( /+,+&( 78/&$1 27$9$/2
.,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 #+_$.-.ĖũĉũĒđĈũćĊĒ
(035(6$ '( &2081,&$&,Ð1 '37+'4' %1064#6#4 .15 5'48+%+15 &' 70# 5'Ö14+6# U g '5+&+4 '0 6#8#.1 g 7'0# 4'5'0%+# g 101%+/+'0615 '0 #4-'6+0) ; 7$.+%+&#& 4'5'06#4 1,# &' +&# '0 .#5 5+)7+'06'5 &+4'%%+10'5U 6#8#.1U 7%4' HgEF '064' #.+0#5 ; 14#.'5 j'&+(+%+1 70# 7#5+ F&1T 2+51k $#44#U ',Ó# GgIN '064' 7%4' ; 1%#(7'46'T #&fFHFFFf#+
#&fFHFFGf#+
'(6($ 9(1'(5 $55(1'$5 $/48,/$5 &2035$5
''' GH ;NLJN> F:L''' K^l^ko^ ln ^liZ\bh mZg lheh eeZfZg]h
Mne\§g3 )/+ 21-..* ( )/ + 21-/-/ HmZoZeh3 )/+ 2+.2.0 B[ZkkZ3 )/+ /)0/+. ( )/ + 2./.)+
$57(6 /8&$6 '( -8$1,7$ /8&$6
/H RIUHFH WUDEDMRV HQ IRPLV FRPR DGRUQRV UHFXHUGRV FDUWHOHV PDWHULDO GLGiFWLFR \ FXUVRV %ROtYDU HQWUH SLFKLQFKD \ 5RFDIXHUWH
2-2
&ODVHV 3(50$1(17(6 GH *XLWDUUD 3LDQR \ RWURV LQVWUXPHQWRV RIUHFH HO GLUHFWRU GH OD $FDGHPLD GH 0~VLFD 6DQWD &HFLOLD (Q HO KRUDULR GH OD WDUGH GH K D K &XHQWD FRQ LQVWUXPHQWRV SURSLRV 'LUHFFLyQ 72%,$6 0(1$ \ 0LJXHO $OEDQ FHUFD D OD ,JOHVLD GHO 'LYLQR 1LxR 7HOpI 3URIHVRU /LF -RUJH 3DVTXHO $
DL
*/2%$/ 6,67(0 2)5(&( 0$17(1,0,(172 '( &20387$'25$6 5('(6 78725,$ 5()(5(17( $ &20387$&,Ð1 &(/
.,26.2
´ /D &XHQFDQLWDµ 2)5(&(
#5(23 2Ĕũ/#1(¢"(!.2Ĕũ2.13#.2ũ"#ũ+.3#1~ Ĕũ+( 1.2ũ"#ũ !.!(- Ĕũ! -!(.-#1.2ũ8ũ+( 1.2ũ"#ũ,.3(5 !(¢-ēũ 104#ũ #-31 +ēũ #+_$.-.ĖũĉũĒđĈũćĊĒ
'RQD WX VDQJUH
MN => OH MH E'A'M' :H(+-+.0
&21 (;3(5,(1&,$ 3$5$ $7(1&,Ð1 $/ &/,(17( (1 68 ´ )$50$&,$µ 8%,&$'$ (1 $7817$48, )5(17( $/ 0(5&$'2 081,&,3$/ //$0$5 $/ 7(/e)212 DL ,1',2 *$63$5 (/ ,1',2 48( 6$1$
6$/9$ 81$ 9,'$
/ * $ + $ ) "+ &(% ( ) $ "%) *( !%) $ % %) ( +"*+( $ (2 *
'RQDU WX VDQJUH QR LPSOLFD QLQJ~Q ULHVJR
&XDQGR FUXFH OD FDOOH KDJDOR VLHPSUH SRU ODV HVTXLQDV \ SRU OD ]RQD GH VHJXULGDG WRPDQGR ODV SUHFDXFLRQHV GHO FDVR
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'
K= F=;=KAL9 K=£GJAL9 9MPADA9J <= >9JE9;A9
9B7I?<?97:EI Z[ :?7H?E B7 >EH7
ln f^chk Zem^kgZmboZ iZkZ \hfikZk r o^g]^k
)& ( +( " ) $ (# ) # " $ ) '+ )*1$ $ % %$ )+ , " 4$ % $ % #1) . $ " # $*%) - # (( ) *( " ) ( '+ ( % #1) ( 3%)% '+ $* ) - & ( ) #&(
0
$ '' + / )%' $* " *-#.$ , "" ' " " %$ " ! +/ * ' ( +/ %(& ) " " *'% "*" '
ŏ ŏ
ŏ
ĂĂ
6HFUHWDULD +D\ ILUPD \ VHOOR $G DL (;75$&72
g ŏŏ 7 ŏŏ g ĀĂŏ ŏ ŏĂĀāĀ ĂĆŏ ŏ ŏĂĀāĂŏ ĂĆŏ ŏ ŏĂĀāĂ
ŏ +. ŏ ġ
5(3Ô%/,&$ '(/ (&8$'25 (;75$&72 '( &,7$&,Ð1 -8',&,$/ 1R -8=*$'2 $'-8172 '( /$ 1,f(= < $'2/(6&(1&,$ $&725$ :8$/',5 &252 1$'2 *$5&Ì$ (15Ì48(= '(0$1'$'$ 0$5*$5 ,7$ -26(),1$ 38(7$7( &(5Ð1 &$86$ ,1&,'(17( '( 5(%$-$ '( $/,0(1726 $ /$ '(0$1'$'$ 6( f25$ 0$5*$5,7$ -2 6(),1$ 38(7$7( &(5Ð1 6( /( +$&( 6$%(5 48( (1 (67( -8=*$'2 6( (67$ 75$0,7$1'2 /$ '( 0$1'$ '( ,1&,'(17( '( 5(%$-$ '( $/,0(1726 1R 48( 6,*8( /$ 65 :$/',5 &252 1$'2 *$5&Ì$ (15Ì48(= < &8<$ 3529,'(1&,$ 6( 75$16&5,%( -8=*$'2 '( /$ 1,f(= < $'2/(6&(1&,$ '(/ &$17Ð1 78/&É1 7XOFiQ MXHYHV GH VHSWLHPEUH GHO ODV K $YRFR FRQ RFLPLHQWR OD SUHVHQWH FDXVD GH LQFLGHQWH GH 5(%$-$ '( 3(16,Ð1 $/,0(17,&,$ HQ PL FDOLGDG GH -XH] $GMXQWR (Q OR SULQFLSDO VH FDOLILFD OD GHPDQGD SUHVHQWDGD SRU OD VHxRU :8$/',5 &2521$ '2 *$5&Ì$ (15Ì48(= HQ FRQWUD HO VHxRUD 0$5*$5 ,7$ -26(),1$ 38(7$7( &(5Ð1 GH FODUD FRPSOHWD \ UH~QH ORV UHTXLVLWRV GH OH\ SRU OR TXH VH OD DFHSWD DO WUDPLWH &RQWHQFLRVR $GPLQ LVWUDWLYR *HQHUDO HVWDEOHFLGR HQ HO &yGLJR GH OD 1LxH] \ $GROHVFHQFLD VH WRPD HQ FXHQWD DO 'U )UHGG\ ,JOHVLDV FRQ FDVLOOHUR MXGLFLDO 1R SDUD TXH UHSUHVHQWH DO UHFODPDQWH HQ OD SUHVHQWH FDXVD 3DUD OD FLWDFLyQ D OD GHPDQGDGD UHPtWDVH DWHQWD &20,6,21 OLEUDGD DO 6HxRU 7HQLHQWH 3ROtWLFR GH OD 3DUUR TXLD 6DQWD 0DUWKD GH &XED \ VHD FLWDGD OD GHPDQGDGD HQ VX GRPLFLOLR TXH OR WLHQH XELFDGR HQ HO %DUULR 6DQ 3HGUR $Y GH 0DU]R GH GL FKD 3DUURTXLD 3URYLQFLD GHO &DUFKL &LWDGD TXH VHD HQ OH JDO IRUPD VH FRQYRFDUi D ODV SDUWHV D OD DXGLHQFLD ~QLFD GH FRQIRUPLGDG FRQ OR HVWDE OHFLGR HQ HO $UW ,QQXPHUDGR GH OD /H\ 5HIRUPDWRULD DO &yGLJR 2UJiQLFR GH OD 1LxH] \ $GROHVFHQFLD D ILQ GH TXH FRQWHVWH HQ HO WpUPLQR OHJDO FRUUHVSRQGLHQWH \ GH DFX HUGR FRQ ORV $UW GHO &y GLJR GH 3URFHGLPLHQWR &LYLO VHxDOH GRPLFLOLR MXGLFLDO SDUD UHFLELU VXV SRVWHULRUHV QRWL ILFDFLRQHV DQXQFLDQGR VXV PHGLRV SUREDWRULRV UHVSHF WLYRV FRQIRUPH OR GHWHUPLQD HO $UW ,QQXPHUDGR GH OD OH\ UHIRUPDWRULD SUHYLQLp QGROH TXH HQ FDVR GH QR FRQWHVWD QL VHxDODU GRPLFLOLR SDUD VXV SRVWHULRUHV QRWLILFD FLRQHV VH VHJXLUi FRQ OD SUH VHQWH FDXVD HQ VX UHEHOGtD 7pQJDVH HQ FXHQWD OD SUXHED DQXQFLDGD SRU OD SDUWH DFWRUD \ HO GRPLFLOLR VHxDODGR SDUD VXV SRVWHULRUHV QRWLILFDFLR QHV DJUpJXHVH OD GRFXPHQ WDFLyQ DGMXQWD D OD GHPDQGD 3RU FXDQWR OD 'UD .DWW\ 3RUWLOOD 6HFUHWDULD 7LWXODU GH HVWH GHVSDFKR VH HQFXHQ WUD FRQ OLFHQFLD DFWXp HO 'U %\URQ 6RULD FRPR 6HFUHWDULR $G +RF 127,),48(6( -8=*$'2 '( /$ 1,f(= < $'2/(6&(1&,$ '(/ &$17Ð1 78/&É1 7XO FiQ OXQHV GH HQHUR GHO ODV K $WHQWR D OD SHWLFLyQ TXH DQWHFHGH HO VHxRU :8$/',5 &2521$ '2 *$5&Ì$ (15Ì48(= GH FRQIRUPLGDG D OR GLVSXHVWR HQ HO $UW GHO &yGLJR GH 3URFHGLPLHQWR &LYLO YLJHQWH FRPSDUH]FD D HVWH -X]JDGR \ EDMR MXUDPHQWR PDQLILHVWH GHVFRQRFHU OD LQGLYLGXDOLGDG \ UHVLGHQFLD GH OD VHxRUD 0$5*$5,7$ -26(),1$ 38(7$7( &(5Ð1 127, ),48(6( -8=*$'2 '( /$ 1,f(= < $'2/(6&(1 &,$ '(/ &$17Ð1 78/&É1 7XOFiQ YLHUQHV GH HQHUR
GHO ODV K $WHQWR D OD SHWLFLyQ TXH DQWHFHGH HO VHxRU :8$/',5 &2521$ '2 *$5&Ì$ (15Ì48(= GH FRQIRUPLGDG D OR GLVSXHVWR HQ HO $UW GHO &yGLJR GH 3URFHGLPLHQWR &LYLO YLJHQWH FRPSDUH]FD D HVWH -X]JDGR \ EDMR MXUDPHQWR PDQLILHVWH GHVFRQRFHU OD LQGLYLGXDOLGDG \ UHVLGHQFLD GH OD VHxRUD 0$5*$5,7$ -26(),1$ 38(7$7( &(5Ð1 127, ),48(6( ) '5 ('*$5 26:$/'2 &$'(1$ 25 7,= -8(= $'-8172 'U %<521 -$9,(5 625,$ /$1'$=85, 6(&5(7$5,2 $' +2& '(/ -8=*$'2 $'-8172 '( /$ 1,f(= < $'2/(6&(1&,$ '(/ &$17Ð1 78/&É1 +D\ )LUPD \ 6HOOR PU DW -8=*$'2 6(*81'2 '( /2 &,9,/ '( ,0%$%85$ &$57(/ '( 5(0$7( 3RQJR HQ FRQRFLPLHQWR GH OD FLXGDGDQtD HQ JHQHUDO TXH HQ OD 6HFUHWDUtD GHO -X]JDGR GR GH OR &LYLO GH ,PEDEXUD HO YHLQWLQXHYH GH IHEUHUR GHO GRV PLO GRFH GHVGH ODV WUHFH KDVWD ODV GLHFLVLHWH KRUDV WHQGUi OXJDU HO UHPDWH GHO ELHQ LQPXHEOH TXH VH HQ FXHQWUD HPEDUJDGR TXH D FRQWLQXDFLyQ VH GHWDOOD 8%,&$&,Ð1 (O WHUUHQR PRWLYR GH OD ,QVSHFFLyQ VH HQFXHQWUD XELFDGR HQ (O 6HFWRU 8U EDQR TXH FRUUHVSRQGH D OD 3DUURTXLD 1DWDEXHOD &DQWyQ $QWRQLR $QWH 3URYLQFLD GH ,PEDEXUD /,1'(526 (VWi FLUFXQVFULWR GHQWUR GH ORV VLJXLHQWHV OLQGHURV 1257( P 3URS -DL PH -iFRPH \ 2WURV 685 P 3URS /DXUD *XLOOHUPR -iFRPH (VWpYH] (67( P 3URS +UGRV 3DVTXHO 2(67( P &DOOH 3~EOLFD *RQ]iOH] 6XiUH] É5($ P )250$ < 7232*5$)Ì$ /D IRUPD GHO WHUUHQR HV LU UHJXODU \ VX WRSRJUDItD HV FDVL SODQD ,1)5$(6758&785$ $JXD 3RWDEOH $OFDQWDULOODGR 6, (QHUJtD (OpFWULFD 6, $OXPEUDGR 3~EOLFR 6, 9HUHGDV \ %RUGLOORV 6, 9tD S~EOLFD HPSHGUDGD
6,
&216758&&,21(6 (Q HO WHUUHQR VLQJXODUL]DGR DQWHULRUPHQWH QR VH HQFXHQ WUD HMHFXWDGR QLQJ~Q WLSR GH FRQVWUXFFLyQ $9$/Ô2 7(55(12 0 621 &,1&8(17$ < 6(,6 0,/ 48,1,(1726 129(1 7$ < 6(,6 'Ð/$5(6 &21 2%6(59$&,21(6 ,1325 7$17(6 7(55(12 8%,&$'2 (1 81 6(&725 48( ',6321( '( 6(59,&,26 %É6,&26 $ 0 '( /$ 3$1$0(5, &$1$ 6(&725 (1 352&(62 '( &2162/,'$&,Ð1 6(&725 '(16,'$' %$-$ 6(&725 9,9,(1'$ &2 0(5&,$/ 3/869$/Ì$ %$-$ (Q WDO YLUWXG VH DFHSWDUiQ SRVWXUDV TXH FXEUDQ ODV GRV WHUFHUDV SDUWHV GHO DYDO~R SHULFLDO SRU WUDWDUVH GHO SULP HU VHxDODPLHQWR PLVPDV TXH VH SUHVHQWDUiQ GHQWUR GHO GtD \ KRUD VHxDODGRV SDUD HO UH PDWH DFRPSDxDQGR HO GHO YDORU GH OD RIHUWD FRQ IRUPH GLVSRQH OD OH\ ,EDUUD GH GLFLHPEUH GHO 'UD 1HOO\ 5XDQR (UD]R
-8=*$'2 48,172 '( /2 &,9,/ '( ,%$55$ &,7$&,Ð1 $ 9Ì&725 +8*2 0$,*8$ 3('5$=$ $&725 0$5Ì$ 38(17( &8<$*2 '(0$1'$'2 9Ì&725 +8*2 0$,*8$ 3('5$=$ '20,&,/,2 '( /$ $&725$ '5 -25*( 1(*5(7( &$6,//(52 152 -8,&,2 9(5%$/ 680$5,2 0$7(5,$ ',925&,2 152 55 &8$17Ì$ ,1'(7(50, 1$'$ 3529,'(1&,$ -8=*$'2 48,172 '( /2 &,9,/ '( ,%$55$ ,EDUUD MXHYHV GH GLFLHPEUH GHO ODV K 9,6 726 +DELpQGRVH GDGR FXPSOLPLHQWR D OR RUGHQDGR HQ SURYLGHQFLD DQWHULRU VH FDOLILFD OD GHPDQGD HV FODUD FRPSOHWD SUHFLVD \ UH~QH ORV UHTXLVLWRV GH OH\ TXH OH FRUUH VSRQGH SRU OR TXH VH DFHSWD D WUiPLWH 9HUEDO 6XPDULR $WHQWR HO MXUDPHQWR \ GH FRQIRUPLGDG FRQ ORV $UWV GHO &yGLJR GH 3URFHGLPLHQWR &LYLO 9LJHQWH \ GHO &yGL JR &LYLO FtWHVH DO GHPDQGDGR 9Ì&725 +8*2 0$,*8$ 3('5$=$ SRU OD SUHQVD PH GLDQWH WUHV SXEOLFDFLRQHV HQ XQR GH ORV GLDULRV GH PD\RU FLUFXODFLyQ GH HVWD FLXGDG GH ,EDUUD \ OD FLXGDG GH 4XLWR PHGLDQGR RFKR GtDV KiELOHV HQWUH FDGD XQD &RQ LQVLQX DFLyQ GH &XUDGRU $G OtWHP GHO PHQRU 0DLJXD 3XHQWH RtJDVH DO VHxRU -XH] GH OD 1LxH] \ OD $GROHVFHQFLD GH ,PEDEXUD FRQ TXLHQ VH FRQ WDUi HQ HVWD FDXVD FLWiQGROH HQ OHJDO IRUPD 7pQJDVH HQ FXHQWD OD FX DQWtD \ FDVLOOHUR MXGLFLDO VHxDODGR $JUpJXHVH OD GRFXPHQWDFLyQ SUHVHQWDGD 1RWLItTXHVH I 'U 1HOVRQ 1DYDUUHWH -XH] (O 6HFUHWDULR &HUWLILFD /R TXH FLWR D 8G 3DUD ORV ILQHV GH /H\ ,EDUUD 'LFLHPEUH GHO /FGR )DELiQ +LGDOJR 6(&5(7$5,2 +D\ ILUPD \ VHOOR $G DL 5(38%/,&$ '(/ (&8$'25 -8=*$'2 2&7$92 '( /2 &,9,/ '(/ &$5&+, &,7$&,Ð1 -8',&,$/ (;75$&72 $ OD VHxRUD &/$5$ ,6$%(/ ,%$55$ &$59$-$/ FRQ HO H[WUDFWR GH OD GHPDQGD \ DXWR GLFWDGR HQ HO MXLFLR YHU EDO VXPDULR GH 'LYRUFLR 1R FRQ IXQGDPHQWR HQ HO $UW FDXVDO LQFLVR VHJXQGR GHO &yGLJR &LYLO -8,&,2 9HUEDO 6XPDULR GH 'LYRUFLR $&725$ 6U -RVp 0LJXHO &DUDSi] 2UWL] '(0$1'$'$ 6UD &ODUD ,VDEHO ,EDUUD &DUYDMDO 2%-(72 '( /$ '(0$1'$ 4XH HQ VHQWHQFLD VH GHFODUH GLVXHOWR HO YtQFXOR PDWULPR QLDO TXH ORV XQH SRU GLYRU FLR &8$17Ì$ ,QGHWHUPLQDGD 3529,'(1&,$ ´-8=*$'2 2&7$92 '( /2 &,9,/ 0(5 &$17,/ ( ,148,/,1$72 '(/ &$5&+, 0LUD D GH GLFLHPEUH GHO ODV K 9 , 6 7 2 6 $YRFR FRQRFLPLHQWR GH OD SUHVHQWH FDXVD (Q OR SULQFLSDO OD GHPDQGD TXH VH FDOLÀFD HV FODUD FRPSOHWD SUHFLVD \ UH~QH ORV UHTXLVLWRV GH /H\ SRU OR TXH VH OD DFHSWD D WUiPLWH HQ OD YtD GHO MXLFLR YHUEDO VXPDULR 8QD YH] TXH HO DFWRU KD GHFODUDGR FRQ MXUDPHQWR GHVFRQRFHU HO GRPLFLOLR GH OD GHPDQGDGD FRQIRUPH HVWDEOHFH HO $UW GHO &yGLJR GH 3URFHGLPLHQWR &LYLO FtWHVH FRQ XQ H[WUDFWR GH OD GHPDQGD \ HO SUHVHQWH DXWR D OD VHxRUD &ODUD ,VD EHO ,EDUUD &DUYDMDO FRQIRUPH HVWDEOHFH HO $UW GHO &yGLJR &LYLO PHGLDQWH WUHV SXEOLFDFLRQHV HQ HO 'LDULR OD +RUD TXH VH HGLWD HQ OD FLX GDG GH ,EDUUD PHGLDQGR XQD GH RWUD SRU OR PHQRV RFKR GtDV $JUpJXHVH DO SURFHVR
OD GRFXPHQWDFLyQ DSDUHMDGD D OD GHPDQGD 7pQJDVH HQ FXHQWD OD FXDQWtD HO GRPL FLOLR MXGLFLDO VHxDODGR SRU HO DFWRU VHxRU -RVp 0LJXHO &DUDSi] 2UWL] SDUD VXV QR WLÀFDFLRQHV \ OD DXWRUL]DFLyQ TXH FRQFHGH D VX GHIHQVRUD 1RWLItTXHVH \ FtWHVH I 'U *DOR ( 2UWHJD 6HUUDQR -8(= 2&7$92 '( /2 &,9,/ '(/ &$5&+,µ &HUWLÀFR 3DUWLFXODU TXH SRQJR HQ FRQ RFLPLHQWR GH OD FLWDGD SDUD ÀQHV OHJDOHV FRQVLJXLHQWHV DGYLUWLpQGROH GH OD REOLJDFLyQ TXH WLHQH GH VHxDODU GRPLFLOLR MXGLFLDO GHQWUR GHO SHUtPHWUR OHJDO GH HVWD FLXGDG GH 0LUD SDUD IXWXUDV QRWLÀFDFLRQHV TXH GHEDQ KDFpUVHOH 0LUD D GH GLFLHPEUH GHO 'U (GJDU 0LxR 4XHODO 6(&5(7$5,2 -8=*$'2 R &,9,/ '(/ &$5&+, +D\ XQ VHOOR $ & -8=*$'2 '(&,02 '( /2 &,9,/ '( 3,&+,1&+$ &,7$&,Ð1 -8',&,$/ $ (',7$ 0(/$1,$ 3$',//$ &$5$%$/, (;75$&72 -8,&,2 'LYRUFLR 1R $&725 6HJXQGR (PHULWR *XLOOHUPR 3DVWUDQD 75$0,7( (VSHFLDO &8$17,$ ,QGHWHUPLQDGD 2%-(72 D ÀQ GH TXH HQ VHQWHQFLD VH GHFODUH OD GLVR OXFLyQ GH OD VRFLHGDG FRQ \XJDO TXH XQH D 6HJXQGR (PHULWR *XLOOHUPR 3DVWUDQD \ (GLWD 0HODQLD 3DGLOOD &DUD EDOt 6H OH KDFH FRQRFHU HO H[WUDFWR \ OD SURYLGHQFLD TXH D FRQWLQXDFLyQ VLJXH 3529,'(1&,$ -8=*$'2 '(&,02 '( /2 &,9,/ '( 3,&+,1&+$ 48,72 GH GLFLHPEUH GHO ODV K 9,6726 $YRFR FRQRFLPLHQWR GH OD SUHVHQWH FDXVD HQ PL FDOL GDG GH -XH] 7LWXODU GH HVWD -XGLFDWXUD \ SUHYLR HO VRUWHR GH OH\ /D GHPDQGD TXH DQWHFHGH HV FODUD SUHFLVD \ UH~QH ORV UHTXLVLWRV GH /H\ SRU OR TXH GHFODUiQGRVHOD SURFHGHQWH VH OD DFHSWD DO WUiPLWH VROLFLWDGR (Q FRQVH FXHQFLD GH FRQIRUPLGDG FRQ OR TXH GLVSRQH HO $UW GHO &yGLJR GH 3URFHGLPLHQWR &LYLO FyUUDVH WUDVODGR D OD GH PDQGDGD FRQ OD GHPDQGD \ HVWD SURYLGHQFLD SRU HO WpUPL QR GH WUHV GtDV HQ PHULWR DO MXUDPHQWR TXH WLHQH UHQGLGR OD SDUWH DFWRUD FtWHVH D OD VHxRUD (GLWD 0HODQLD 3DGLOOD &DUDEDOL GH FRQIRUPLGDG FRQ HO $UW GHO &yGLJR GH 3UR FHGLPLHQWR &LYLO FtWHVH SRU PHGLR GH OD SUHQVD PHGLDQWH WUHV SXEOLFDFLRQHV HQ XQR GH ORV GLDULRV GH PD\RU FLUFX ODFLyQ GH OD ORFDOLGDG &tWHVH HQ OHJDO \ GHELGD IRUPD D OD SDUWH GHPDQGDGD HQ OD GLUHF FLyQ TXH VHxDOD SDUD HO HIHF WR $JUpJXHVH D ORV DXWRV ORV GRFXPHQWRV DFRPSDxD GRV D OD GHPDQGD 7pQJDVH HQ FXHQWD HO FDVLOOHUR MXGLFLDO VHxDODGR SDUD SRVWHULRUHV QRWLÀFDFLRQHV DVt FRPR OD DXWRUL]DFLyQ FRQIHULGD D VX $ERJDGR 'HIHQVRU &tWHVH \ 1RWLItTXHVH &tWHVH \ QR WLItTXHVH ) 'U -RVp 0DU WtQH] 1DUDQMR -XH] /2 48( //(92 $ 68 &21 2&,0,(172 < /( &,72 35(9,1,e1'2/( '( /$ 2%/,*$&,Ð1 '( 6(f$ /$5 &$6,//(52 -8',&,$/ 3$5$ 3267(5,25(6 12 7,),&$&,21(6 '5 ('*$5 +$52 9$/(1=8(/$ 6(&5(7$5,2 '(/ -8=*$ '2 '(&,02 '( /2 &,9,/ '( 3,&+,1&+$ +D\ ÀUPD \ VHOOR $& WI
¡
%$1&2 352&5(',7
%$1&2 352&5(',7 6 $ SRQH HQ FRQR FLPLHQWR GHO S~EOLFR OD DQXODFLyQ SRU SpU GLGD GH OD OLEUHWD GH DKRUURV Q~PHUR GH &+,&$,=$ 3,-$/ 526$ 0$*'$/(1$ DG DR
&ŋ '* ,)ŋ )(-.#./ #)( &ŋ (ŋ' . ,# ŋ ' # (. & :[iZ[ bW Yedij_jkY_ d c_icW Z[b ;ijWZe" i[ \k[ ][ijWdZe [b :[h[Y^e fWhW ]WhWdj_pWh bW b_X[hjWZ gk[ j_[d[d bei i[h[i ^kcWdei fW# hW ^WY[h e de ^WY[h" i[] d ik lebkdjWZ" i_d f[hZ[h Z[ l_ijW be `kije o [gk_jWj_le" be gk[ ^W f[hc_j_Ze gk[ W jhWl i Z[b Yed`kdje Z[ dehcWi ZWZWi W be bWh]e Z[ bei j_[cfei" lW# oWcei Yece ieY_[ZWZ h[]kbWdZe dk[ijhWi fhef_Wi h[bWY_ed[i o bWi gk[ dei l_dYkbWd Wb ;ijWZe$ FWhW bei Òb ie\ei o `kh_ijWi [b :[h[Y^e i # be j_[d[ ik YedZ_Y_ d Z[ i[h jWb" i_ [i [nfh[# i_ d Z[ be `kije1 o" ^eo feh ^eo" j_[cfe [d gk[ i[ gk_[h[ ^WY[h dehcW Z[ l_ZW [b [d]W e" [b Wjhef[bbe" [b _hh[if[je" Wkdgk[ [ijW YedY[f# Y_ d fk[Z[ i[h f[hY_X_ZW Yece _Z[Wb_ijW" Wb i[h l_ijW Z[iZ[ be gk[ Wif_hWcei" e Z[iZ[ [b Z[X[h i[h" [i d[Y[iWh_e [d\Wj_pWh gk[ [ij[ [d\egk[ Yedij_jko[ kd \Whe eh_[djWZeh Ykoe lWbeh [ijW ZWZe fehgk[ bei i[h[i ^kcWdei d[# Y[i_jWcei h[WÒhcWhdei [d dehcWi Yed Yed# j[d_Ze j_Ye" ^kcWd_ijW o WcX_[djWb_ijW" gk[ _dYbkie fhelegk[d kd YWcX_e [d bW cWd[hW Z[ f[diWh" i[dj_h o WYjkWh" i_ gk[h[cei jhWi# Y[dZ[h Yece [if[Y_[ o de WkjeWd_gk_bWhdei$ ;d [b ;ijWZe IeY_Wb Z[ :[h[Y^e h_][ [b i[# eh e Z[ bW b[o Yece [nfh[i_ d Z[ bW lebkd# jWZ fefkbWh" o be ieY_Wb i[ h[l_[hj[ [d ik fhe# f_e X[d[ÒY_e" fk[i i[ ejeh]W cWoeh [ifWY_e W be Yeb[Yj_le" W be Z[ jeZei" Wb X_[d Yec d" o YeXhW i_]d_ÒYWZe be f Xb_Ye" [d YkWdje be l_# i_Xb[ o jhWdifWh[dj[" gk[ [i be efk[ije W jeZe Yec[j_Ze eYkbje Z[b feZ[h" be YkWb Yedij_jko[ kd fh_dY_f_e X|i_Ye Z[b i_ij[cW Z[ceYh|j_Ye ]WhWdj_pWZe [d bW 9edij_jkY_ d Feb j_YW$ 9ed [b fWie Z[b Yb|i_Ye ;ijWZe b_X[hWb W bW dk[lW YedY[fY_ d Z[b ;ijWZe IeY_Wb Z[ :[# h[Y^e" i[ fheZkY[ bW _dYehfehWY_ d Z[ kdW i[h_[ Z[ Z[h[Y^ei Z[ Yedj[d_Ze e h[b[lWdY_W ieY_Wb" o bei bbWcWZei Z[h[Y^ei Z_\kiei e Z[ j[hY[hW ][d[hWY_ d$ :[djhe Z[ [ij[ kbj_ce [ijWZ_e [ij|d bWi dehcWi WcX_[djWb[i gk[ ejeh]Wd lWbeh W bW dWjkhWb[pW" [d YedjhW fei_# Y_ d W be gk[ eYkhh[ [d [b c[hYWZe" [d [b gk[ i[ fed[ fh[Y_e fWhW d[]eY_Wh$ +ũ! 1;!3#1ũ"#ũ+ 2ũ-.1, 2ũ , (#-3 +#2 BWi dehcWi gk[ h[]kbWd [b c[Z_e WcX_[dj[ Ykcfb[d [i[dY_Wbc[dj[ Zei j_fei Z[ \kdY_e# d[i" Z[ kd bWZe" i[ h[YedeY[ [b Z[h[Y^e ikX`[# j_le Z[ bei _dZ_l_Zkei" o Z[ ejhe" _cfb_YWd kd Yecfhec_ie Z[ WYjkWY_ d" [ije [i" Z[ fh[i[hlW# Y_ d" Yedi[hlWY_ d o kie ikij[djWXb[ feh fWhj[ Z[ bei feZ[h[i f Xb_Yei gk[ Wikc[d Yecf[j[d# Y_Wi$ ;d [ij[ i[dj_Ze NWl_[h I_iW" i[ WbW gk[0 ;? Yedj[d_Ze c d_ce be Yed\ehcW [b Z[h[Y^e ikX`[j_le o [b Yedj[d_Ze WZ_Y_edWb Yed\ehcW [b YWh|Yj[h eX`[j_le Z[b c[Z_e WcX_[dj[1 WcXWi \WY[jWi Yed\ehcWd [b Yedj[d_Ze Z[b Z[h[Y^e Yedij_jkY_edWb Wb c[Z_eWcX_[dj[ $' I[] d Wb]kdei jhWjWZ_ijWi" Z[iZ[ bW c_hW#
ZW Z[b ;ijWZe" [b Z[h[Y^e Wb c[Z_e WcX_[dj[ j_[d[ kdW ZeXb[ fheo[YY_ d0 [b [`[hY_Y_e Z[ kd Z[h[Y^e Z[ Z[\[diW \h[dj[ W bWi _dj[hl[d# Y_ed[i \|Yj_YWi e `kh Z_YWi [ijWjWb[i o Z[ bei fWhj_YkbWh[i [d [b eX`[je fhej[]_Ze" W\[Y# j|dZebe d[]Wj_lWc[dj[1 o" kd Z[h[Y^e Z[ fh[ijWY_ d" oW gk[ [b ;ijWZe Z[X[ WZefjWh c[Z_ZWi \|Yj_YWi e `kh Z_YWi " Yed [b fhef # i_je fh[l[dj_le Z[ Yedi[hlWh o fh[i[hlWh [b eX`[je Z[b Z[h[Y^e1 oW gk[ de i[ jhWjW Z[ gk[ [b ;ijWZe j[d]W kdW c_hWZW Yedj[cfbWj_lW i_de gk[ Z[cWdZW [d eYWi_ed[i kdW _d`[h[d# Y_W e ][ij_ d c|i Z_h[YjW fWhW [l_jWh gk[ i[ l_eb[dj[ [b c[Z_eWcX_[dj[1 Wi i[ YediW]hW Yedij_jkY_edWbc[dj[ [b fh_dY_f_e Z[ fh[YWk# Y_ d" gk[ _cfb_YW bW jecW Z[ c[Z_ZWi fh[# l[dj_lWi" [d YWie Z[ ZkZW ieXh[ [b _cfWYje e bWi Yedi[Yk[dY_Wi WcX_[djWb[i d[]Wj_lWi Z[ Wb]kdW WYY_ d k ec_i_ d Wkdgk[ de [n_ijW [l_Z[dY_W Y_[dj ÒYW Z[ ZW e$ I_]k_[dZe [ijWi b d[Wi Z[ Wd|b_i_i" NW# l_[h I_iW ieij_[d[ gk[ [b Z[h[Y^e Z[ Z[\[d# iW i[ fbWdj[W [b fheXb[cW Z[ Z[j[hc_dWh gk[ _dj[hl[dY_ed[i ieXh[ [b eX`[je fhej[# ]_Ze ^Wo gk[ jecWh [d Yedi_Z[hWY_ d$ ;d YWcX_e Yece Z[h[Y^e Z[ fh[ijWY_ d" bW i_# jkWY_ d [i cko Z_ij_djW" Wgk [b Z[h[Y^e de Z[Ò[dZ[ \h[dj[ W _dj[hl[dY_ed[i ieXh[ [b eX`[je fhej[]_Ze" i_de gk[ [n_][ kdW WYY_ d fei_j_lW feh fWhj[ Z[ bei feZ[h[i f Xb_Yei" o [d ik YWie Z[ bei fWhj_YkbWh[iÇ$( ;d [ijW c_icW Yehh_[dj[ bW gk[ i[ ^W fbWi# cWZe [d bW 9edij_jkY_ d Feb j_YW [YkWjeh_W# dW" gk[ jWcX_ d ^W _dYehfehWZe fh[Y[fjei" gk[ jWcX_ d ^Wd _dYehfehWZe fh[Y[fjei Yed hWd]e c|i _cf[hWj_le" c_[djhWi [d bW dehcWj_lW i[YkdZWh_W Z[ c[deh hWd]e i[ ^W _dijhkc[djWZe kdW eh_[djWY_ d c|i fh[# l[dj_lW" [nfh[iWZW [d c[Z_ZWi Yece bei WYk[hZei lebkdjWh_ei" bW fkXb_Y_ZWZ o bW fWh# j_Y_fWY_ d Yeckd_jWh_W$ 9kcfb_ dZei[ [d Z[Òd_j_lW Yed Wgk[bbe gk[ fh[Y_iWXW CWhj d CWj[e" ƾWkdgk[ [b :[h[Y^e 7cX_[djWb i[ WfeoW W bW feijh[ [d kd Z_ifei_j_le iWdY_e# dWZeh" i_d [cXWh]e" iki eX`[j_lei ied \kdZW# c[djWbc[dj[ fh[l[dj_leiÇ$) I_d [cXWh]e" ^Wo gk[ fed[h d\Wi_i [d bW jhWiY[dZ[dY_W gk[ ^W YeXhWZe [b Z[h[Y^e WcX_[djWb [d bW 9WhjW Feb j_YW" YkWdZe Z_ifed[ gk[ [b ;ijW# Ze WikcW kd fWf[b h[]kbWZeh o Z[ Yedjheb c|i _cfed[dj[" Wb jecWh c[Z_ZWi eh_[djW# ZWi W bW Yedi[YkY_ d Z[ eX`[j_lei Yece0 h[]k# bWh XW`e [ijh_YjWi dehcWi Z[ X_ei[]kh_ZWZ bW fhefW]WY_ d [d [b c[Z_e WcX_[dj[" bW [nf[# h_c[djWY_ d" [b kie" bW Yec[hY_Wb_pWY_ d o bW _cfehjWY_ d Z[ eh]Wd_icei ][d j_YWc[dj[ ceZ_ÒYWZei1 dehcWh bW fheZkYY_ d" _cfeh# jWY_ d" Z_ijh_XkY_ d o kie Z[ ikXijWdY_Wi j n_YWi o f[b_]heiWi fWhW bWi f[hiedWi o [b c[Z_e WcX_[dj[1 fhecel[h [d [b i[Yjeh f # Xb_Ye o fh_lWZe$
/ 4ŋ()ŋ (., !šŋ 0 , # .)
.2Ŋ ".+#2!#-3#2Ŋ(-5.+4!1 ".2Ŋ#-Ŋ4-Ŋ 2#2(- 3.Ŋ!.,/ 1#!(#1.-Ŋ 8#1Ŋ Ŋ+ Ŋ 4Ĺ "(#-!( ēŊ .2Ŋ, 8.1#2Ŋ"#Ŋ#" "Ŋ#2/#1 -Ŋ 24Ŋ341-.ēŊŊ ŊěŊ BW WkZ_[dY_W Z[ `kp]W#
c_[dje ZkhŒ YkWjhe ^ehWi" [c# f[pŒ W bWi &.0)& Z[ Wo[h o j[h# c_dŒ fWiWZWi bWi ')0)&$ 9[hYW Z[ (& f[hiedWi Z[YbWhWhed XW`e `khWc[dje" [djh[ [bbei" bei Zei c[deh[i Z[ [ZWZ _cfb_YWZei [d [b Wi[i_dWje W kd ^ecXh[ [d bW Yeckd_ZWZ Z[ 9eY^Wi" kX_YWZW [d bW fWhhegk_W 7d]eY^W]kW$ ;b fheYkhWZeh Z[ WZeb[iY[d# j[i _d\hWYjeh[i @eiƒ ;bWZ_e 9e# hWb" WYkZ_Œ WhcWZe Z[ fhk[XWi ^WijW bei Z_[dj[i$ BW Z[\[diW Z[ bei WYkiWZei" Z[ '* o '- W‹ei Z[ [ZWZ" jWcX_ƒd bb[lŒ iki Wh]k# c[djei WfWhW fh[i[djWhbei Wdj[ [b `k[p Z[ bW D_‹[p o 7Zeb[iY[d# Y_W" J[bce CWh_de H[o[i$
.2ĹŠ'#!'.2ĹŠ
BW cWZhk]WZW Z[b ') Z[ del_[c# Xh[ Z[b (&''" bei cehWZeh[i Z[ bW
Yeckd_ZWZ 9eY^Wi" i[ jefWhed Yed kd cWYWXhe ^WbbWp]e" bW YW# X[pW Z[ kd ^ecXh[ [dlk[bjW Yed Y_djW Z[ [cXWbW`[ h[iWbjWXW Z[ [djh[ bei fW`edWb[i Z[ kdW gk[# XhWZW$ 7b WY[hYWhi[ Wb bk]Wh Z[ bei ^[Y^ei YedĂ’ hcWhed iki ieif[# Y^Wi" i[ jhWjWXW Z[ kd ik`[je gk[ [ijWXW fWhY_Wbc[dj[ [dj[hhWZe [d kdW gk[XhWZW$ BW l‡Yj_cW \k[ _Z[dj_Ă’ YWZe Yece :Wd_be >$" kd `el[d Z[ (' W‹ei Z[ [ZWZ" jWn_ijW _d\ehcWb Z[ fhe\[i_ÂŒd h[fehjWZe feh iki \Wc_b_Wh[i Yece Z[iWfW# h[Y_Ze Z[iZ[ [b c_ƒhYeb[i / Z[ del_[cXh[$ 9ece fh_c[hWi [l_Z[dY_Wi" bei ^WX_jWdj[i Z[b bk]Wh [dYed# jhWhed kdW ]ehhW" kd WhcW Yehje# fkdpWdj[ o cWdY^Wi Z[ iWd]h[$ Ik YebWXehWY_ÂŒd o bW _dl[ij_]W# Y_ÂŒd feb_Y_Wb Whhe`Whed Yece
g ĂĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
ĥ 3 /#11.2ĢŊ$4#Ŋ /1#'#-"(".
$ D_ X_[d i[ YedeY_ÂŒ Ĺ—ĹŠĹŠĹŠ ieXh[ bW Z[j[dY_ÂŒd Z[ 9Whbei
Ä“ĹŠ .2ĹŠ"#ĹŠ+.2ĹŠ(,/+(! ".2ĹŠ#-ĹŠ+ ĹŠ,4#13#ĹŠ"#+ĹŠ3 7(23 ĹŠ#-ĹŠ+ ĹŠ 4"(#-!( ĹŠ!.-31 ĹŠ +.2ĹŠ,#-.1#2ĹŠ"#ĹŠ#" "Ä“
h[ikbjWZe bW YWfjkhW Z[ Y_dYe ieif[Y^eiei Z[b Yh_c[d" bei ^[h# cWdei M_bb_Wc 9$" Z[ (' W‹ei Z[ [ZWZ" Bk_i 9$" Z[ (.1 7dW ;$" Z[ '. W‹ei" del_W Z[ kde Z[ bei _c# fb_YWZei1 c|i Zei c[deh[i Z[ '* o '- W‹ei$ M_bb_Wc 9$" [i i[‹WbWZe Yece [b Wkjeh _dj[b[YjkWb Z[b ^[Y^e$ ;b cec[dje Z[ ik YWfjkhW h[Ye# deY_ÂŒ ^WX[h WXehZWZe Wb jWn_ijW f[he [lWZ_ÂŒ ik h[ifediWX_b_ZWZ [d [b ^ec_Y_Z_e$ I[]‘d iki fhef_Wi fWbWXhWi ÆW bei c[deh[i i[ b[i fWiÂŒ bW cWdeÇ$ Ik ^[hcWde Bk_i iWb_ÂŒ b_Xh[$ M_bb_Wc Wi[]khÂŒ gk[ dWZW jkle gk[ l[h [d bW ck[hj[" bW ck`[h _cfb_YWZW [if[hW `k_Y_e" [d ik ^e]Wh i[ b[ [dYedjhÂŒ [b l[^‡Yk# be 9ehiW" Z[ fbWYWi F9?#)&/ gk[
[hW fhef_[ZWZ Z[ bW l‡Yj_cW$ 2/#1 -ĹŠ2#-3#-!( Bei c[deh[i Z[ [ZWZ Wi[]khW# hed gk[ _dj[hl_d_[hed [d [b ^[# Y^e XW`e Wc[dWpWi Z[ ck[hj[ feh fWhj[ Z[ M_bb_Wc 9$ I_d [c# XWh]e" [b j[ij_ced_e Z[ [ij[ \k[ YbWl[ fWhW [iYbWh[Y[h bei ^[Y^ei$ H[YedeY_ÂŒ gk[ ƒb fbWd[ÂŒ [b ]ebf[ YedjhW [b jWn_ijW feh Wbh[Z[Zeh Z[ kd c[i" bk[]e i[ YedjWYjÂŒ Yed bei c[deh[i Z[ [ZWZ fWhW gk[ b[ WokZ[d$ Ik _dj[dY_ÂŒd [hW Z[ilW# b_`Wh [b jWn_ o l[dZ[h iki fWhj[i [d [b c[hYWZe _b[]Wb$ F[i[ Wb f[Z_Ze Z[b <_iYWb gk[ YedeY[ [b YWie" @eiƒ ;bWZ_e 9ehWb" Z[ h[Y_X_h Wb c[dei kd Z_YjWc[d feh fWhj[ Z[b @k[p J[bce H[o[i" [ij[ i[ d[]ÂŒ W Z_YjWh i[dj[dY_W ^WijW Z[ifkƒi Z[ jh[i Z‡Wi" YkWd# Ze bW ^Wh| YedeY[h feh [iYh_je$
&- Ĺ‹ , -Ĺ‹ )(.#(Ă„ Ĺ‹ -* , #
#1(".ĹŠ#-ĹŠ+ ĹŠ5~ ĹŠ ĹŠ Ä–ĹŠ ĹŠ
11 Ä–ĹŠ -ĹŠ ).5#-ĹŠ "#ĹŠ /1.7(, " ,#-3#ĹŠ Ä‰ÄˆĹŠ  .2ĹŠ "#ĹŠ #" "ĹŠ 24$1(¢Ŋ 4-ĹŠ !!("#-3#ĹŠ,(#-31 2ĹŠ31 -2(3 ĹŠ#-ĹŠ24ĹŠ (!(!+#3 ĹŠ2. 1#ĹŠ#+ĹŠ/4#-3#ĹŠ"#ĹŠ .2ĹŠ .+(-.2ĔŊ#-ĹŠ+ ĹŠ 5#-(" ĹŠ 1!'(Ä“ĹŠ 23 ĹŠ#+ĹŠ+4% 1ĹŠ"#ĹŠ+.2ĹŠ'#!'.2ĹŠ2#ĹŠ,.5(+(Äą 9 1.-ĹŠ+.2ĹŠ2#15(!(.2ĹŠ"#ĹŠ#,#1%#-!( ĹŠ/ 1 ĹŠ 1(-" 1ĹŠ+.2ĹŠ/1(,#1.2ĹŠ 47(+(.2ĹŠ +ĹŠ'#1(".Ä“ĹŠ
Ăă
;biW C[hY[Z[i 9^WkY^W" Z[ *) W‹ei Z[ [ZWZ" Z[iWfWh[Y_ÂŒ [d Gk_je" ik bk]Wh Z[ h[i_Z[dY_W$ Ik [ifeie Ă›d][b o jeZW ik \W# c_b_W bW XkiYWd Yed Z[i[if[hW# Y_ÂŒd Z[iZ[ [b fWiWZe ) Z[ [d[# he$ 9ed\ehc[ ^Wd jhWiYkhh_Ze bWi i[cWdWi" bW _dY[hj_Zkc# Xh[ Z[ bW \Wc_b_W 9WbW^ehhWde 9^WkYW" gk_[d[i h[i_Z[d Wb ikh Z[ Gk_je" de b[i f[hc_j[ YedY_# b_Wh [b ik[‹e W d_d]‘d _dijWd# j[$ ;biW C[hY[Z[i 9^WkY^W fWZ[Y[ kdW [d\[hc[ZWZ gk[ b[ _cf_Z[ ^WXbWh o gk[ fh[Y_iW Z[ YedijWdj[ l_]_bWdY_W o c[Z_# YWY_ÂŒd$ BW ck`[h i[ [nfh[iW W jhWlƒi Z[ i[‹Wb[i o ][ijei$ ;ij[ fWZ[Y_c_[dje Wkc[djW bWi fh[eYkfWY_ed[i Z[ iki \W# c_b_Wh[i" gk_[d[i de ^Wd h[Y_# X_Ze kdW f_ijW YedYh[jW ieXh[ ik fWhWZ[he$ ;b ‘bj_ce ZWje gk[ j_[d[d Z[
I|dY^[p" Z[ )& W‹ei Z[ [ZWZ" c[`eh YedeY_Ze Yece ÆcWjW# f[hheiÇ" iki l‡Yj_cWi" feh heXe W Zec_Y_b_e" be ^Wd Z[dkdY_W# Ze$ BW Feb_Y‡W Ykcfb_ÂŒ Yed ik jhWXW`e o Z[jkle W I|dY^[p 9^_h_Xe]W ÆYed bWi cWdei [d bW cWiWÇ" YkWdZe ^k‡W bk[]e Z[ Z[b_dgk_h [d kdW c[Y|d_YW Z[ bW Y_kZWZ$ I[ c[j_ÂŒ [d kdW c[# Y|d_YW" Z[b XWhh_e BWi PWhpWi ($ :[ ZedZ[ i[ ikijhW`e lWh_Wi ^[hhWc_[djWi o Z_d[he [d [\[Yj_le$ 9ƒiWh Hk[ZW 7h_Wi" YecWdZWdj[ [ Z[ bW Feb_Y‡W Z[ Be`W" Z_`e gk[ bW Z[j[dY_ÂŒd Z[b Y_kZWZWde i[ Z_e ]hWY_Wi bW Ye# bWXehWY_ÂŒd Z[ bei l[Y_dei gk[ bbWcWhed W bei kd_\ehcWZei YkWdZe be l_[hed feh [b i[Yjeh$
#Ŋ, 3¢Ŋ#-Ŋ24Ŋ,.3.
Ĺ—ĹŠ ĹŠ $ 9ed bei e`ei bb[dei Z[ b|]h_cWi o h[pWdZe W :_ei" fWhW gk[ b[i Zƒ \k[hpW o iefehjWh [b Zebeh Z[ f[hZ[h W kd ^_`e" [ijWXWd bei fWZh[i Z[ 8hoWd EcWh D$" Z[ ', W‹ei" [d bWi W\k[hWi Z[ bW ceh]k[" bW cW‹WdW Z[ Wo[h$ ;ij[ `el[d Yed ik[‹ei feh l_l_h" ckh_ÂŒ Z[ YedjWZe Wb WYY_Z[djWhi[ [d ik ceje [d bW Yeckd_ZWZ Z[ @WbeW" ;b Fehl[d_h Z[ Gk[he" W bWi &&0)& Z[ Wo[h$ :[ WYk[h# Ze W l[hi_ed[i Z[ j[ij_]ei" [b c[deh l_W`WXW i_d [b YWiYe Z[ i[]kh_ZWZ o jhWi kdW cWbW cWd_eXhW f[hZ_ÂŒ [b Yedjheb o i[ WYY_Z[djÂŒ$ :[Y[dWi Z[ Wc_# ]ei o YedeY_Zei i[ Z_[hed Y_jW [d bW ceh]k[ fWhW WYecfW‹Wh W bei \Wc_b_Wh[i Z[b `el[d$
4#13.Ŋ Ŋ%.+/#2 ēŊ +2 Ŋ #1!#"#2Ŋ '4! ĔŊ#23;Ŋ "#2 / 1#!(" Ŋ"#2"#Ŋ#+ŊćĊŊ"#Ŋ#-#1.Ŋ "#Ŋ#23#Ŋ  .ē
bW ck`[h" [i gk[ \k[ l_ijW [d bW J[hc_dWb Z[ Gk_jkcX[" Wb ikh Z[ Gk_je o" [d [b i[Yjeh Z[ bW CWh‡d Wb Y[djhe Z[ bW Y_kZWZ$ Ieif[Y^Wd gk[ bW ck`[h fkZe WXehZWh kd jhWdifehj[ ^WY_W ejhW Y_kZWZ$ BW ‘bj_cW l[p gk[ bW l_[hed l[ij‡W kd Xkpe Yk[bbe Z[ jehjk]W Yebeh heiWZe" fWdjWbŒd Z[fehj_le Wpkb cWh_de o pWfWjei d[]hei$ I_ j_[d[ _d\ehcWY_Œd Z[ bW Z[iWfWh[Y_ZW Yeckd‡gk[i[ Yed iki \Wc_b_Wh[i Wb &( (,( +,*+" &( (,)+/'- e Wb &// .', )(($
Ĺ—ĹŠ ĹŠ $ Bei cehWZeh[i gk[ ^WX_jWd [d [b i[Yjeh Z[ C_# hWĂ“ eh[i WcWd[Y_[hed Yed bW ck[hj[ Z[ l[Y_dW" Wb [dYedjhWh [b Yk[hfe Z[ kd ^ecXh[ Z[ )+ W‹ei$ Kd ik`[je" _Z[dj_Ă’ YWZe Yece =_elWdd_ 7dZhWZ[" fh[# i[djWXW ]ebf[i o ^[cWjecWi [d jeZe [b Yk[hfe$ 7b fWh[Y[h" [b ^ecXh[ \Wbb[Y_ÂŒ W YWkiW Z[ kdW fWb_pW gk[ b[ fhef_dWhed kdei ik`[jei gk[ Ăˆi[ bW j[d‡Wd `khWZWÉ$ Kd ^ecXh[ \k[ j[ij_]e Z[ bW XhkjWb" [b Ă’ dWZe [ijWXW Z_iYkj_[dZe Yed Zei ^ecXh[i kde Z[ [bbei [hW Z[ [ijWjkhW f[gk[‹W o WfWh[djWXW j[d[h '' W‹ei" c_[djhWi gk[ bei ejhei ik`[jei [hWd heXkijei$7b ^eo Z_\kdje b[ h[YbWcWXWd feh kd Y[bkbWh gk[ de ^WX‡W Z[lk[bje$
ŏ ŏ
ŏ
Ďć! ^ ũĉĎũ ũ ũĉćĈĉ
, 41 Ĕũ 1!'(
(-!+ēũ
Čćũ :
-! 43 !(¢-ũ"#ũ, 1('4 - ũ
.2ũ/#12.- 2ũ$4#1.-ũ"#3#-(" 2ũ#-ũ #+ũ!.-31.+ũ"#ũ ũ 9ũ/.1ũ31 -2/.13 1ũ , 1('4 - ēũ ũ"1.% ũ#23 ũ! ,4Ąũ " ũ #-ũ4-ũ .+2.ēũ .2ũ /1#'#-"(".2ũ2#ũ ,.5(+(9 -ũ#-ũ4-ũ 42ũ"#ũ2#15(!(.ũ (-3#1/1.5(-!( +ēũ "(2.-ũ ēĔũ8ũ 41 ũ ēĔũ $4#1.-ũ("#-3(ăũ! ".2ũ!.,.ũ+.2ũ"4# .2ũ"#ũ + ũ2423 -!( ēũũ ;%(- ũ ĈĒ
#!.-.!(#1.24ũ"#+(3.ũ +ũ 4#9ũ #+,.ũ #8#2ũ-.ũ#-31#%¢ũ#+ũ"(!3 ,#-ũ2. 1#ũ+ ũ1#2/.-ı 2 (+(" "ũ"#ũ".2ũ,#-.1#2ũ"#ũ#" "ũ !42 ".2ũ"#ũ/ 13(!(/ 1ũ#-ũ + ũ,4#13#ũ ũ2 -%1#ũ$1~ ũ"#ũũ4-ũ3 7(23 ũ#-ũ-.5(#, 1#ũ/ 2 ".ēũ
;%(- ũ ĉĊ
++#ũ8 ũ3(#-#ũ 24ũ ũ
2(ăũ! !(¢-
23#ũ .ũ$4-!(.- 1;-ũ#-ũ 4+!;-ũ!(-!.ũ#2!4#+ 2ũ "#/.13(5 2ũ,4-(!(/ +#2ũ#-ũ 3+#3(2,.Ĕũ +.-!#23.Ĕũ $Ì3 .+Ĕũ3 #*6.-".ũ8ũ3#-(2ũ"#ũ,#2 ēũ +ũăũ-ũ#2ũ" 1ũ +3#1- 3(5 2ũ ũ+ ũ-( #9ũ8ũ)45#-34"ũ ũ31 5_2ũ"#ũ+ ũ !3(5(" "ũ"#/.13(5 ēũ -ũ 1(+Ĕũ/.1ũ+ 2ũăũ#23 2ũ"#ũ ! -3.-(9 !(¢-Ĕũ' 1;-ũ +%4- 2ũ !3(5(" "#2ēũ ;%(- ũ ĈĎ
4, #13.ũ (9 11.ũ$4#ũ /1#2#-3 ".ũ 8#1ũ!.,.ũ #+ũ-4#5.ũ#231 3#% ũ "#+ũ ++#ũ"#+ũ '.3 ēũũ +ũ#7#-31#- ".1ũ "#+ũ ,#+#!ũ#23 1;ũ !.,/ ".ũ/.1ũ 4+(.ũ _2 1ũ -"1 "#ũ!.,.ũ 2(23#-3#ũ3_!-(!.ũ8ũ 4%.ũ _1#9ũ!.,.ũ /1#/ 1 ".1ũ$~2(!.ēũ ;%(- ũ ĈĊ
1#,(.2ũ¡2! 1
ĥ 4%.ĦĔũ"#ũ 13(-ũ !.12#2#Ĕũ#-! #9 ũ+ ũ+(23 ũ "#ũ-.,(- ".2ũ!.-ũĈĈũ#23 34(++ 2ēũũ : ũ Ĉć