Ďć! (-!+ēŊ , 41 ĔŊ 1!'(
Äž ĹŠ } Ä? ƒ
ŊćĎŊ ĹŠ ĹŠÄ‰Ä‡ÄˆÄ‰
ĹŠ
, ) ".1#2ĹŠ ! +(ÄƒĹŠ! -ĹŠ"#ĹŠ(+#% +ĹŠ ĹŠ1#%+ ,#-3.ĹŠ"#ĹŠ 5 +() ĹŠ"(/+.,;3(!
23 ++(".ĹŠ! 42 ĹŠ ÄˆÄŽÄ‡ĹŠ,4#13.2
;%(- Ŋ ĉ
;%(- ĹŠ Ä?
4#5.ĹŠ,4#++#ĹŠ#-ĹŠ '4 1!.!' ĹŠ ;%(- ĹŠ ÄŠ
'.$#1#2Ŋ/("#-Ŋ2.!( +(9 1Ŋ 1#! 3#%.1(9 !(¢-Ŋ"#Ŋ+(!#-!( 2
Ä? , # -Ĺ‹ Ĺ‹ .) )-Ĺ‹&)-Ĺ‹ +/ Ĺ‹" (Ĺ‹ #Äš ")ŋĒ-vēŋ Ĺ‹& Ĺ‹ , (Ĺ‹ /-# đĄŋ Ä?Ä? ')-Ĺ‹ 0 ( # )ČđĄ } ĹŠ
ĹŠ ĹŠ
;%(- ĹŠ Ä‘
.2Ŋ!.-"4!3.1#2Ŋ/1.$#2(.- +#2Ŋ-.Ŋ2#Ŋ ./.-#-Ŋ Ŋ+ Ŋ,#"(" ĔŊ/#1.Ŋ/("#-Ŋ#23 +Ĺ #!#1Ŋ$#!' Ŋ8Ŋ !+ 1 1Ŋ+.2Ŋ/ 1;,#31.2ē ēŊ Bk[]e Z[b WdkdY_e Z[ bW
h[YWj[]eh_pWY_Œd Z[ b_Y[dY_Wi Z‡Wi Wjh|i" feh fWhj[ Z[ CWkh_Y_e F[‹W" j_jkbWh Z[ bW 7][dY_W DW# Y_edWb Z[ Jh|di_je 7JD " Y^e# \[h[i fhe\[i_edWb[i Z_[hed W Ye# deY[h ik lebkdjWZ fWhW ZWh fWie W bW c[Z_ZW f[he ieb_Y_jWd kdW c[`eh ieY_Wb_pWY_Œd Z[b j[cW$ ;d ik cWoeh‡W [ij|d Z[ WYk[h# Ze Yed bW [lWbkWY_Œd f[he de Yed [b h[j_he Z[b ZeYkc[dje [d YWie Z[ \WbbWh [d bWi Zei efehjkd_ZW# Z[i$ CWi W‘d i_ j_[d[d gk[ fW]Wh [b Ykhie Z[ YedZkYY_Œd fWhW leb# l[h W YedZkY_h Xki[i _dj[hfhe# l_dY_Wb[i$ Ejhe i[Yjeh Z[b ]h[c_e Z[b le# bWdj[ fhe\[i_edWb [nfb_YŒ gk[ bW c[Z_ZW iWYWh| W bW bkp bei Y^e\[#
h[i gk[ YecfhWhed bW b_Y[dY_W o de [ij|d Wfjei fWhW cWd[`Wh$ >WijW [b cec[dje de i[ Ye# deY[ YÂŒce i[ ZWh| [b fheY[ie o YkWb[i i[h|d bWi f[hiedWi gk[ jecWh|d bWi [lWbkWY_ed[i$
¥ ēŊ ( .2ĔŊ-( 2Ŋ8Ŋ ".+#2!#-3#2Ŋ"#+Ŋ! -3¢-Ŋ 2/#).ĔŊ #-31#% 1;-Ŋ/1./4#23 2Ŋ/ 1 Ŋ2.Ĺ +4!(.- 1Ŋ/1. +#, 2Ŋ04#Ŋ' 8Ŋ#-Ŋ#+Ŋ ! -3¢-ēŊŊŊŊ
.-"4!3.1#2Ŋ Ŋ#5 +4 !(¢-
;d [b fW‡i i[h|d Wbh[Z[Zeh Z[ -& c_b Y^e\[h[i gk[ i[ iec[j[h|d W [ij[ fheY[ie$ BWi fhk[XWi i[h|d h_]kheiWi o gk_[d[i de Wfhk[# X[d bWi [lWbkWY_ed[i" iki b_Y[d# Y_Wi i[h|d h[leYWZWi$ ;b j_jkbWh Z[ bW 7DJ" _dZ_YÂŒ gk[ jeZWi bWi [iYk[bWi Wkjeh_pWZWi feh [b eh]W# d_ice j[dZh|d bW fei_X_b_ZWZ Z[ _diYh_X_hi[ W bW h[YWj[]eh_pWY_ÂŒd gk[ j[dZh| kdW ZkhWY_ÂŒd Z[ i[_i c[i[i$ ;%(- ĹŠ ĈÄ?
.".2Ŋ2.-Ŋ ".- -3#2Ŋ "#Ŋ¢1% -.2Ŋ "#2"#Ŋ'.8
ĹŠ ĹŠ Ä–ĹŠ ĹŠ
ĹŠ ěŊ ĹŠ ĂŒ-(! ĹŠ $.1, ĹŠ"#ĹŠ-.ĹŠ2#1+.ĹŠ#2ĹŠ #7/1#2 -".ĹŠ24ĹŠ-#% Äą !(¢-ĹŠ#-ĹŠ+ 2ĹŠ.ÄƒĹŠ!(- 2ĹŠ"#+ĹŠ #%(231.ĹŠ (5(+ēŊ #%ĂŒ-ĹŠ +.ĹŠ #23(/4+ ĹŠ + ĹŠ #8ĹŠ 1%;-(! ĹŠ"#ĹŠ .- !(¢-ĹŠ 8ĹŠ 1 2/+ -3#2ĔŊ "#2"#ĹŠ '.8ĹŠ 3.".2ĹŠ +.2ĹŠ #!4 Äą 3.1( -.2ĹŠ8ĹŠ#731 -)#1.2ĹŠ 1#2("#-3#2ĹŠ+#% +,#-3#ĹŠ #-ĹŠ#+ĹŠ/ ~2ĔŊ, 8.1#2ĹŠ"#ĹŠ ÄˆÄ‘ĹŠ  .2ĹŠ2#ĹŠ!.-5#13(1;-ĹŠ #-ĹŠ".- -3#2ĹŠ"#Ŋ¢1% Äą -.2ĹŠ8ĹŠ3#)(".2ĔŊ +ĹŠ,#-.2ĹŠ 04#ĹŠ#-ĹŠ5(" ĹŠ'4 (#1 -ĹŠ #7/1#2 ".ĹŠ +.ĹŠ !.-31 Äą 1(.ēŊŊŊŊŊ ;%(- ĹŠ Ĉ
#˜ 4Ĺ‹3Ĺ‹$/0 (./ Ĺ‹ /( (Ĺ‹ - / ,4) ĹŠ: ĹŠ$ D_‹ei" d_‹Wi o WZe#
: ēŊ '.$#1#2ĹŠ/1.$#2(.- +#2ĹŠ-.ĹŠ!.-.!#-ĹŠ!¢,.ĹŠ2#ĹŠ" 1;ĹŠ#+ĹŠ/1.!#2.ĹŠ"#ĹŠ #5 +4 !(.-#2ĹŠ04#ĹŠ2#%ĂŒ-ĹŠ+ ĹŠ ĹŠ(-(!( 1;-ĹŠ#+ĹŠÄˆÄŽĹŠ, 19.ēŊ
.#0# -Ĺ‹ (Ĺ‹ ")' ( $ Ĺ‹ Ĺ‹& Ĺ‹ '/$ , ĹŠ ĹŠ 7o[h i[ Z[iWhhe#
bbWhed lWh_Wi WYj_l_ZWZ[i Wb Yedc[cehWh [b :‡W ?dj[hdWY_e# dWb Z[ bW Ck`[h$ N_c[dW L_bb[# ]Wi" YedY[`Wb o fh[i_Z[djW Z[ bW 9ec_i_Œd Z[ ;gk_ZWZ o =[d[# he Z[b Ckd_Y_f_e" [nfb_YŒ gk[ [ijei [ifWY_ei ied efehjkdei fWhW Z[ijWYWh bW bWXeh Z[ bWi ck`[h[i [d [b YWdjŒd$ :[ijWYŒ [b fWf[b fhejW]Œd_Ye Z[ bW ck# `[h Yece kd i[h ^kcWde i[di_# Xb[" lWb_[dj[ o j[dWp" gk[ feYe W feYe ikh][ Z[ceijhWdZe ik YW# fWY_ZWZ o jWb[dje [d YkWbgk_[h heb" jWh[W e \kdY_Œd [d bW gk[ i[ Z[i[dlk[blW$ ;b c_ƒhYeb[i i[ h[Wb_pWh| kd [l[dje [d ^ec[dW`[ W bWi [c# fb[WZWi o jhWXW`WZehWi Z[ bW ckd_Y_fWb_ZWZ o Z[b FWjhedW# je$ C_[djhWi gk[ [b `k[l[i . o
ēŊ +Ŋ 4-(!(/(.Ŋ"#Ŋ -3.-(.Ŋ -3#ĔŊ3(#-#Ŋ+(23.Ŋ#+Ŋ/1.Ĺ %1 , Ŋ"#Ŋ !3(5(" "#2Ŋ +Ŋ!.-,#,.Ĺ 1 1Ŋ#+Ŋ,#2Ŋ"#Ŋ+ Ŋ,4)#1ēŊ
l_[hd[i / Z[ cWhpe Z[iZ[ bWi &.0&& ^WijW bWi '+0&&" i[ [\[Y# jkWh| bW Wj[dY_ÂŒd cƒZ_YW [d [b ^eif_jWb Z[ 7djed_e 7dj[ o [d bei ikXY[djhei Z[ iWbkZ Z[ bWi Z_\[h[dj[i fWhhegk_Wi [d bWi |h[Wi Z[ Y_hk]‡W ][d[hWb" ]_d[Yebe]‡W" fh[l[dY_ÂŒd o jhW# jWc_[dje Z[b Y|dY[h Z[ cWcW o kj[h_de$ JeZe [b c[i i[ h[Wb_# pWh|d WYj_l_ZWZ[i$ ;%(- ĹŠ Ä?
b[iY[dj[i gk[ Yed\ehcWd [b 9edi[`e 9edikbj_le [\[YjkW# hed kdW h[kd_ÂŒd Z[ jhWXW`e Yed fh[i_Z[dj[i o h[fh[i[d# jWdj[i Z[ bei =eX_[hdei ;ijk# Z_Wdj_b[i Z[b YWdjÂŒd ;if[`e$ ;b eX`[j_le \k[ Yh[Wh [b CWd# ZWje gk[ Yedi_ij[ [d h[kd_h fheo[Yjei W \Wleh Z[b YWdjÂŒd" ieY_Wb_pWZei feh bei c[deh[i Z[ [ZWZ Yed [b WYecfW‹W# c_[dje Z[b 9edY[`e 9WdjedWb Z[ bW D_‹[p o 7Zeb[iY[dY_W o bW <kdZWY_ÂŒd 7okZW [d 7Y# Y_ÂŒd$ De eXijWdj[ i[ ieY_W# b_pÂŒ bW h[ifediWX_b_ZWZ gk[ j_[d[ [b 9edY[`e 9WdjedWb o ejhei eh]Wd_icei gk[ Z[i[[d WYecfW‹Wh W bei 9edi[`ei 9edikbj_lei [d bW [bWXehW# Y_ÂŒd Z[b c_ice$ :_Y^e Ze# Ykc[dje i[h| [djh[]WZe [d i[i_ÂŒd Z[ 9edi[`e Wb 7bYWbZ[ AbƒX[h 7dZhWZ[ o c_[cXhei Z[ bW Y|cWhW [Z_b_Y_W$ ;%(- ĹŠ Ĉđ
666Ä“+ '.1 Ä“!.,Ä“#!
Ĺ? Ĺ?
Ĺ?
Ä‚
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?ĀĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ }
2ĹŠ 43.1(" "#2ĹŠ"# #1~ -ĹŠ' !#1ĹŠ +%.ĹŠ/ 1 ĹŠ ĹŠ31 #1ĹŠ#+ĹŠ341(2,.ĹŠ+.2ĹŠ ÄƒĹŠ-#2ĹŠ"#ĹŠ2#, - ēŊ .ĹŠĂŒ-(!.ĹŠ04#ĹŠ#23 ĹŠ (#13.ĹŠ2.-ĹŠ"(2!.3#! 2ĔŊ 1#2ĹŠ8ĹŠ * 1 .*#2ēŊ , 41 ĹŠ#2ĹŠ4-ĹŠ/1.5(-!( ĹŠ341~23(! ĹŠ8ĹŠ/.1ĹŠ3 +ĹŠ,.3(5.ĹŠ"# #ĹŠ ' #1ĹŠ,;2ĹŠ.$#13 2ĹŠ/ 1 ĹŠ#+ĹŠ341(23 ĹŠ+.! +ĹŠ8ĹŠ#731 -)#1.ēŊ .2ĹŠ".,(-%.2ĹŠ -.ĹŠ' 8ĹŠ3(#-" 2ĹŠ-(ĹŠ+.! +#2ĹŠ/ 1 ĹŠ1# +(9 1ĹŠ!.,/1 2ĔŊ ĹŠ/ 13#ĹŠ"#ĹŠ+.2ĹŠ04#ĹŠ 2(#,/1#ĹŠ#23;-ĹŠ (#13.2ēŊ
.' - ĹŠ (, ĹŠĹŠ 11 ĹŠ
ĹŠ } ĹŠ ĹŠ
23.2Ŋ! ,(.-#2Ŋ+.2Ŋ #-!.-31 ,.2Ŋ,48Ŋ ! ,/ -3#2Ŋ!(1!4+ -Ĺ ".Ŋ/.1Ŋ+ Ŋ5~ Ŋ"#Ŋ +3 Ŋ 5#+.!(" "ĔŊ/1.5.! -".Ŋ ! .2Ŋ#-Ŋ+ Ŋ5~ ēŊ #Ŋ-.3 Ŋ 04#Ŋ"#2!.-.!#-Ŋ04#Ŋ24Ŋ !(1!4+ !(¢-Ŋ#2Ŋ#7!+42(5 Ŋ /.1Ŋ#+Ŋ! 11(+Ŋ"#1#!'.ēŊ Ŋ 23 Ŋ"#Ŋ(11#2/.-2 (Ĺ +(" "#2ē .2Ŋ#2!1( #ĖŊ .1%#Ŋ 1 Ŋ ~ Ŋ!.11#.Ŋ#+#!31¢-(!.
ćŊ .-5(_13#3#Ŋ#-Ŋ-4#231.Ŋ 1#/.13#1.ēŊ -5~ Ŋ342Ŋ$.3.2Ŋ ĖŊ "3.11#2Ğ+ '.1 ē!.,ē#!ē
ēŊ ĹŠ2423(34!(¢-ĹŠ"#ĹŠ+ 2ĹŠ1#$1(%#1 ".1 2ĹŠ(-(!( 1;ĹŠ#-ĹŠ, 8.ēŊ .2ĹŠ/1(,#1.2ĹŠ #-#ÄƒĹŠ!( 1(.2ĹŠ2.-ĹŠ/#12.- 2ĹŠ!.-ĹŠ"(2! / !(" "ĹŠ8ĹŠ "#ĹŠ+ ĹŠ3#1!#1 ĹŠ#" "ēŊ
ĉ ĈĎ ĹŠ Äľ ĹŠ ĹŠ ēŊ ĉ
& (Ĺ‹, ()0 Ĺ‹ #(# # Ĺ‹ (Ĺ‹' 3)
Ŋ2423(34!(¢-Ŋ"#Ŋ1#$1(%#1 ".1 2Ŋ -3(Ĺ %4 2Ŋ/.1Ŋ-4#5 2ĔŊ3(#-#Ŋ+ Ŋ /1. !(¢-Ŋ "#+Ŋ . (#1-.Ŋ !(.- +ē
1.%1 , ĹŠ#-#1%_3(!. 1 !3#1~23(! 2
2Ŋ, 1! 2Ŋ2.-Ŋ -"4%+. Ŋ8Ŋ ! 2 Ŋ"#Ŋ /1."4!!(¢-Ŋ- !(.- +Ŋ04#Ŋ2#Ŋ !.%#-Ŋ +Ŋ /1.%1 , Ŋ"#Ŋ2423(34!(¢-ē
2ĹŠ-4#5 2ĹŠ1#$1(%#1 ".1 2ĹŠ2#1;-ĹŠ"#ĹŠÄˆÄ‡ĹŠ/(#2ĹŠ !ĂŒ (!.2ĔŊĥ-.ĹŠ$1.23ĢŊ8ĹŠ!.23 1;-ŊĎĉĊŊ"¢+ 1#2ĹŠ ! " ĹŠ4- Ä“ +ĹŠ . (#1-.ĹŠ3 , (_-ĹŠ' ĹŠ#,/1#-"(".ĹŠ4- ĹŠ ! ,/  Ŋ/ 1 ĹŠ04#ĹŠ+ ĹŠ!(4" " -~ ĹŠ43(+(!#ĹŠ+.2ĹŠ ++ , ".2ĹŠ$.!.2ĹŠ '.11 ".1#2ĔŊ!.-ĹŠ#+ĹŠÄƒĹŠ-ĹŠ"#ĹŠ 1#"4!(1ĹŠ#+ĹŠ!.-24,.ĹŠ"#ĹŠ#-#1%~ ĹŠ#+_!31(! Ä“
Ŋ("# Ŋ#2Ŋ1#/.3#-!( 1Ŋ+ Ŋ/1."4!!(¢-Ŋ- !(.Ĺ - +Ŋ8Ŋ '.11 1Ŋ#-#1%~ ēŊ
Ŋ ĚŊ ;b fh_c[h ]hkfe X[#
c[hY_Wb Z[ ;c[bdehj[" Z_`e gk[ d[Ă’ Y_Wh_ei i[h|d bWi f[hiedWi fWhW [ij[ W‹e" [b ;ijWZe [d# Z[ bW j[hY[hW [ZWZ o Yed Z_iYW# jh[]Wh| W bW [cfh[iW c_b (&& fWY_ZWZ gk[ YkcfbWd Yed bei h[\h_][hWZehWi gk[ i[h|d h[i# j_jk_ZWi [d ]hkfei$ ;djh[ h[gk_i_jei [ijWXb[Y_Zei bei h[gk_i_jei gk[ [n_][ [b feh bW ;cfh[iW H[]_e# ĹŠĹŠ fheo[Yje [i j[d[h Yedik# dWb Dehj[ ;c[bdeh# cei _d\[h_eh[i W bei +&& j[ o [b C_d_ij[h_e Z[ a_belWj_ei ^ehW Wb c[i" fW# ;b[Yjh_Y_ZWZ o ;d[h]‡W +ĹŠ 23 ".ĹŠ$(- -Äą !( 1;ĹŠ+.2ĹŠ / 1 Äą H[delWXb[$ ;d WXh_b i[ 3.2ĹŠ ĹŠ31 5_2ĹŠ"#+ĹŠ ]Wh fkdjkWbc[dj[ bWi fbW# fkXb_YWh| [d bW f|]_dW -!.ĹŠ"#ĹŠ .,#-3.ĹŠ ĹŠ31#2ĹŠ d_bbWi Z[b Yedikce Z[ bkp m[X Z[ bW [cfh[iW" bW  .2ĹŠ/+ 9.ĹŠ8ĹŠ +ĹŠ [bƒYjh_YW" ZkhWdj[ kd W‹e !(-!.ĹŠ/.1ĹŠ!(#-3.ĹŠ o i[h fhef_[jWh_ei WYjkWb[i b_ijW Z[ bei fei_Xb[i YW# "#ĹŠ(-3#1_2Ä“ Z[ kdW h[\h_][hWZe Z[ Wb b_Ă’ YWZei Wb fheo[Yje o c[dei '& W‹ei Z[ Wdj_]”[# [d cWoe i[ [djh[]Wh|d bWi fh_c[hWi ,& h[\h_][hWZe# ZWZ$ BWi f[hiedWi gk[ WYY[Z[d W [ij[ X[d[\_Y_e" [b =eX_[hde hWi$ HWc_he <beh[i" Z_h[Yjeh 9e# ikXi_Z_Wh| fWhj[ Z[b Yeije Z[b
fheZkYje o [b h[ije i[ be YWdWb_# pWh| W jhWlƒi Z[ kd YhƒZ_je [d [b 8WdYe Z[ <ec[dje$ <beh[i _d\ehcÂŒ gk[ [b Yeije Ă’ dWb Z[ bW h[\h_][hWZehW [i Z[ +() ZÂŒbWh[i o i_ [i X[d[Ă’ Y_Wh_e Z[ bW jWh_\W Z[ bW Z_]d_ZWZ" [b =eX_[hde b[ [djh[]W kd h[Yede# Y_c_[dje Z[ (+& ZÂŒbWh[i" o i_ de" [b ikXi_Z_e i[h| Z[ (&& ZÂŒbWh[i" fWhW gk_[d[i YedikcWd ^WijW bei (&& a_belWj_ei ^ehW Wb c[i$ ;b eX`[j_le Z[b fheo[Yje WZ[c|i Z[ ikij_jk_h bWi h[\h_][hWZehWi" [i _dY[dj_lWh Wb Yedikce Z[ bW [d[h]‡W [bƒYjh_YW$
Ĺ? ĀĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
ă
4#5.Ŋ1#!3.1Ŋ#-Ŋ#+Ŋ #.".1.Ŋ ¢,#9
Ĺ—ĹŠ ĹŠĹŠ>eo [d bW Kd_ZWZ ;ZkYW# j_lW J[eZehe =ÂŒc[p Z[ bW ÂĄ ēŊ .2ĹŠ31 ).2ĹŠ"#ĹŠ+ ĹŠ!.-2314!!(¢-ĹŠ"#+ĹŠ-4#5.ĹŠ,4#++#ĹŠ341~23(!.ĹŠ"#ĹŠ '4 1!.!' ĹŠ 5 -9 -Ä“
)(-.,/3 (Ĺ‹'/ && Ĺ‹./,v-.# )Ĺ‹ (Ĺ‹ "/ , ) " .-ĹŠ+ ĹŠÄƒ- +(" "ĹŠ"#ĹŠ,#).1 1ĹŠ+ ĹŠ(, %#-ĹŠ 8ĹŠ#+ĹŠ2#15(!(.ĹŠ+ 2ĹŠ 43.1(" "#2ĹŠ"#ĹŠ 11 ĹŠ (-(!( 1.-ĹŠ+ ĹŠ!.-2314!!(¢-ĹŠ"#ĹŠ4-ĹŠ,4#++#Ä“ ŊěŊ ;b fh[ikfk[ije fWhW bW YedijhkYY_ÂŒd Z[b ck[bb[ jkh‡ij_Ye [d bW bW]kdW OW^kWhYeY^W [i Z[ Wfhen_cWZWc[dj[ ', c_b ZÂŒbWh[i o [ij| Ă’dWdY_WZe feh Z_\[h[dj[i [c# fh[iWi Yece Fhe\eh[ijWb" C7;" ?C?" ;C7F7#?" ;cfh[iW ;Yede#
c‡W C_njW OW^kWhYeY^W o c|i" XW`e kd Yedl[d_e Z[ YeWZc_d_i# jhWY_ÂŒd$ BW Ă’dWb_ZWZ Z[b fheo[Yje [i Xh_dZWh kd c[`eh i[hl_Y_e W bei jkh_ijWi gk[ bb[]Wd W OW^kWh# YeY^W Yed kd fWhgk[WZ[he Yed YWfWY_ZWZ fWhW (&& l[^‡Ykbei"
XW‹ei f‘Xb_Yei" h[Y[fY_Œd Z[ jk# h_ijWi" ZedZ[ i[ [djh[]Wh| j_Ya[ji W bei jkh_ijWi fWhW gk[ h[Wb_Y[d bei fWi[ei [d bWi [cXWhYWY_ed[i o bWdY^Wi$ I[]‘d @kWd CWdk[b CWdj_bbW" Z_h[Yjeh Z[ Jkh_ice Z[b Ckd_Y_# f_e Z[ ?XWhhW Yed bW [djh[]W Z[ j_Ya[ji jWcX_ƒd i[ feZh| cWdj[# d[h kd h[]_ijhe [nWYje Z[ bei jk# h_ijWi gk[ bb[]Wd W Z_ijhW[hi[ [d OW^kWhYeY^W$ 7Z[c|i h[iWbjŒ gk[ [n_ij_h|d e\[hjWi Z[ Z_ijhWY# Y_Œd Yece jekhi [d X_Y_Yb[jW" YW#
XWbbei$ CWdj_bbW jWcX_ƒd [nfb_YŒ gk[ W \kjkhe i[ Yedijhk_h| kd h[ijWkhWdj[ Bei fhef_[jWh_ei Z[ bWi [c# XWhYWY_ed[i o bei ^WX_jWdj[i Z[ OW^kWhYeY^W [ij|d Z[ WYk[hZe Yed bW YedijhkYY_Œd Z[b ck[bb[ fehgk[ Z_Y[ gk[ Yed [ij[ fheo[Y# je c[`ehWh‡Wd iki _d]h[iei$ I[]‘d bWi Wkjeh_ZWZ[i ckd_# Y_fWb[i" [b jhWXW`e [ij| fh[l_ije h[Wb_pWhbe [d Wfhen_cWZWc[dj[ Y_dYe c[i[i fWhW Xh_dZWh kd c[# `eh i[hl_Y_e Z[ jkh_ice$
,)*# . ,#)-Ĺ‹ Ĺ‹ /- -Ĺ‹#(. ,*,)0#( # & -Ĺ‹ /- (Ĺ‹(/ 0 -Ĺ‹ &. ,( .#0 -Ĺ‹ Ĺ‹., $)
2! 2#9ĹŠ"#ĹŠ%1 -.2ĹŠ/1.5.! ĹŠ (-!1#,#-3.ĹŠ#-ĹŠ+.ĹŠ/1#!(.2 ĹŠ ĹŠ Ä–ĹŠ ĹŠ
11 ĖŊ -Ŋ#+Ŋ,#1! ".Ŋ , 9.- 2Ŋ+ 2Ŋ!.,#1!( -3#2Ŋ"(!#-Ŋ04#Ŋ+.2Ŋ%1 Ĺ -.2Ŋ8Ŋ5#1"41 2Ŋ-.Ŋ' 8Ŋ 4-" -3#,#-3#ĔŊ/.104#Ŋ#+Ŋ#7!#2.Ŋ"#Ŋ++45( 2Ŋ ' Ŋ/1.5.! ".Ŋ04#Ŋ+ 2Ŋ!.2#!' 2Ŋ2#Ŋ/(#1" -ēŊ -(3 Ŋ 13(9ĔŊ!.,#1!( -3#Ŋ "().Ŋ04#Ŋ/.1Ŋ+ Ŋ#2! 2#9Ŋ+.2Ŋ/1#!(.2Ŋ2#Ŋ' -Ŋ(-!1#,#-3 ".ēŊ +Ŋ1#2/#!3.Ŋ .(+ Ŋ 4 204#1ĔŊ , Ŋ"#Ŋ! 2 Ŋ"().Ŋ04#Ŋ#2Ŋ/.104#Ŋ#-Ŋ#23 Ŋ_/.! Ŋ2#Ŋ /1#/ 1 Ŋ+ Ŋ$ -#2! Ŋ8Ŋ04#Ŋ/.1Ŋ#2.Ŋ+.2Ŋ/1#!(.2Ŋ"#Ŋ+.2Ŋ%1 -.2Ŋ2#Ŋ' -Ŋ (-!1#,#-3 ".ē
:[ifkƒi Z[b jh|]_Ye WYY_Z[dj[ Z[b Xki Z[ bW Yeef[hWj_lW ;if[`e eYkhh_Ze [b fWiWZe '/ Z[ \[Xh[# he" ZedZ[ ckh_[hed (/ f[hiedWi bei fhef_[jWh_ei Z[ bei Xki[i Z[ jhWdifehj[ _dj[hfhel_dY_Wb i[ [dYk[djhWd fh[eYkfWZei feh ik i_jkWY_ÂŒd$ CWh_e 9Whh_bbe" [nfhef_[jWh_e Z[ kd Xki Z[ bW Yeef[hWj_lW 7d# Z_dW [nfb_YÂŒ gk[ Wb l[h gk[ Z[i# fkƒi Z[ bW jhW][Z_W" bW i_jkWY_ÂŒd b[]Wb Z[ bW Yeef[hWj_lW ;if[`e [i fh[eYkfWdj[ o Z[ _]kWb cWd[# hW bW Z[b fhef_[jWh_e Z[b Xki$ xb jecÂŒ bW Z[Y_i_ÂŒd Z[ l[dZ[h ik kd_ZWZ Z[ jhWdifehj[ oW gk[ [ij[ j_fe Z[ WYY_Z[dj[i fk[Z[d bb[lWh W bW gk_[XhW W bei fhef_[jWh_ei Z[ bei Xki[i$ Æ;d jhW][Z_Wi Yece bW Z[ bW ;if[`e" de iebe [i bW fƒhZ_ZW Z[ bWi l_ZWi ^kcWdWi i_de bWi i[# Yk[bWi [d bWi \Wc_b_Wi" bei ]Wijei [d bei jh|c_j[i b[]Wb[i o bW fƒhZ_# ZW Z[ bW ^[hhWc_[djW Z[ jhWXW`eÇ" Z[jWbbÂŒ 9Whh_bbe$
Jehh[" i[ fei[i_edWh| [b dk[# le h[Yjeh Z[ bW _dij_jkY_Œd$ :_Y^W Z_]d_ZWZ \k[ ejeh]WZW W fWjh_Y_e HeZh‡]k[p gk_[d oW ^W _d_Y_WZe iki bWXeh[i$ ;b [l[dje be h[Wb_pWh|d [d [b [ijWXb[Y_c_[dje [ZkYWj_le W bWi &-0&&$
+(23 ĹŠ-4#5.ĹŠ#"(ă!(.ĹŠ "#+ĹŠ #%(231.ĹŠ (5(+
Ĺ—ĹŠĹŠĹŠ
Bei jhWXW`ei [d bW Yedi# jhkYY_ÂŒd Z[b dk[le [Z_Ă’Ye Z[b H[]_ijhe 9_l_b Z[ ?cXW# XkhW [ij|d feh Ykbc_dWh$ IehWoW C[hW Z_h[YjehW Z[ bW _dij_jkY_ÂŒd ]kX[hdWc[djWb Z_`e gk[ bWi dk[lWi eĂ’Y_# dWi [ij|d Yedijhk_ZWi fWhW Xh_dZWh kd c[`eh i[hl_Y_e W bW Y_kZWZWd‡W$
ēŊ .2Ŋ/1./(#3 1(.2Ŋ"#Ŋ 42#2Ŋ#23;-Ŋ/1#.!4/ ".2Ŋ/.1Ŋ+ Ŋ2(34Ĺ !(¢-Ŋ+#% +Ŋ"#Ŋ+ Ŋ!../#1 3(5 Ŋ 2/#).ē
7i‡ Yece ƒb lWh_ei fhef_[# jWh_ei Z[ Xki[i [ij|d XkiYWdZe dk[lWi Wbj[hdWj_lWi Z[ jhWXW`e$ C_[djhWi jWdje bei kikWh_ei Z[ Yeckd_ZWZ[i hkhWb[i gk[ iebW# c[dj[ Yk[djWd Yed [b i[hl_Y_e Z[ kd jkhde Z[ Xki Wh]kc[djWhed gk[ [bbei Z[Y_Z[d ikX_hi[ W bei Xki[i Wkdgk[ [ijƒd bb[dei feh# gk[ j_[d[d bW d[Y[i_ZWZ Z[ l_W`Wh o gk[ de [n_ij[d c|i c[Z_ei Z[ jhWdifehj[$ ;ijW i_jkWY_Œd fh[# eYkfW W bWi Wkjeh_ZWZ[i o Xki# YWd Wbj[hdWj_lWi fWhW iebkY_edWh bW fheXb[c|j_YW$
4(" ".ĹŠ5( +ĹŠ / 1 ĹŠ/# 3.-#2
ŗŊ ŊŊBW `[\WjkhW fhel_dY_Wb Z[ Jh|di_je Z[ bW Feb_Y‡W Z[ ?c#
XWXkhW" h[Wb_pW kdW YWcfW# ‹W Z[ i[]kh_ZWZ l_Wb ZedZ[ Z[ijWYWd [b Z[X[h o h[if[je W bei f[Wjed[i$ JeZWi bWi f[hiedWi Z[X[d h[if[jWh bWi i[‹Wb[i Z[ jh|di_je o [b fWie f[WjedWb de Z[X[ i[h eXijW# Ykb_pWZe feh bei l[^‡Ykbei" h[iWbjŒ :eh_i L_j[h_" `[\[ Z[ Jh|di_je [ $
Ä…
Ĺ? ĀĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
ĹŠ 234"( -3#2ĹŠ 2#!4-" 1(.2ĹŠ / 13(!(/ 1;-ĹŠ#-ĹŠ4- ĹŠ , 1!'
Ĺ—ĹŠ ĹŠĹŠ9edleYWZei feh bW <?9? o [b <h[dj[ FefkbWh lWh_Wi eh#
]Wd_pWY_ed[i" [ij[ . Z[ cWh# pe 8hoWd ;hWpe" fh[i_Z[dj[ Z[ bW <;I; [d ?cXWXkhW" cWd_\[ijÂŒ gk[ bei [ijkZ_Wd# j[i i[ ikcWh|d W bW cWhY^W [d Z[\[diW Z[ bW l_ZW" [b W]kW o bW ieX[hWd‡W fWhW [n_]_h i[ WXhW kd ]hWd Z_Wbe]e ieY_Wb fWhW WdWb_pWh Yece lW bW Wfb_YWY_ÂŒd Z[b 8WY^_bb[hWje =[d[hWb Kd_Ă’YWZe$
.3 1;-Ŋ-.Ŋ Ŋ+ ŊŊ #8Ŋ"#Ŋ .,4-(! !(¢-Ŋ
Ĺ—ĹŠ ĹŠĹŠ;b 7iWcXb[‡ijW HWc_# he J[h|d" _d\ehcÂŒ gk[ [b
Xbegk[ FWhbWc[djWh_e Z[b CF: de lejWh| feh kdW B[o Z[ 9eckd_YWY_ÂŒd gk[ Wj[djW YedjhW bWi b_X[hjWZ[i Z[ce# Yh|j_YWi Z[b fk[Xbe [YkWje# h_Wde Z[ _d\ehcWh o [ijWh X_[d _d\ehcWZei$ ÆJeZei bei Y_kZWZWdei o Y_kZWZWdWi" [d ik Z_l[hi_ZWZ [ _dj[hYkb# jkhWb_ZWZ" j_[d[d [b Z[h[Y^e Yedij_jkY_edWb W Yeckd_# YWhi[" W Yh[Wh c[Z_ei Z[ Yeckd_YWY_ÂŒd o W _dj[]hWh bei [ifWY_ei Z[ fWhj_Y_fWY_ÂŒd [d bW Z_h[YY_ÂŒd o jecW Z[ Z[Y_i_ed[i [d jeZe be gk[ j_[d[ gk[ l[h Yed bW Yeckd_# YWY_ÂŒdÇ" Z_`e$
(¢!#2(2Ŋ"#Ŋ 11 Ŋ /1.,4#5#Ŋ/1;!3(! 2Ŋ !4 1#2, +#2
Ĺ—ĹŠ ĹŠĹŠBW ?]b[i_W Wb [dYedjhWhi[ [d [ij[ j_[cfe Z[ YkWh[i#
cW" bW :_ÂŒY[i_i Z[ ?XWhhW fheck[l[ bW ehWY_ÂŒd o h[Ă“[n_ÂŒd W jhWlƒi Z[ bWi Z_l[hiWi WYj_l_ZWZ[i" [djh[i [bbWi [ij|d bWi fh[Z_YWY_ed[i YkWh[icWb[i" WZ[c|i Z[ bW fh|Yj_YW Z[b L‡W 9hkY_i Yed bW [bWXehWY_ÂŒd Z[b \ebb[je jWdje [d A_Y^mW Yece [ifW‹eb$ :[iZ[ [b fWiWZe l_[hd[i Z[iZ[ bW ?]b[i_W 9Wj[ZhWb jkl_[hed bk]Wh bWi fh[Z_YWY_ed[i YkWh[icWb[i" kdW efehjkd_ZWZ fWhW l_l_h bW Yedl[hi_ÂŒd$
'* ˜ Ĺ‹* , Ĺ‹ ,, # ,Ĺ‹ ,). -Ĺ‹ Ĺ‹- , '*#š(Ĺ‹ Â&#x; ēŊ ĹŠ#11 "(! !(¢-ĹŠ"#ĹŠ+ ĹŠ14 _.+ ĔŊ2 1 ,/(¢-ĹŠ8ĹŠ/ /#1 2ĹŠ#2ĹŠ4- ĹŠ/1(.1(" "ĹŠ#-ĹŠ+ ĹŠ/1.5(-!( ēŊŊŊŊŊŊ
.8Ŋ#-Ŋ+.2Ŋ!#-31.2Ŋ"#Ŋ2 +4"Ŋ+ Ŋ/. + !(¢-Ŋ/."1;Ŋ !!#"#1Ŋ Ŋ + Ŋ5 !4- !(¢-Ŋ.Ŋ#2/#1 1Ŋ04#Ŋ+ 2Ŋ 1(% " 2Ŋ++#%4#-Ŋ' 23 Ŋ242Ŋ 5(5(#-" 2ēŊ ŊěŊ>eo WhhWdYW bW YWcfW‹W
Z[ [hhWZ_YWY_Œd Z[b iWhWcf_Œd" hkXƒebW o fWf[hWi [d bW fhel_d# Y_W$ Ok B_d] H[WiYei" :_h[YjehW Z[ IWbkZ Z[ ?cXWXkhW" _dZ_YŒ gk[ i[ [ij| jhWXW`WdZe \k[hj[c[dj[ fWhW bW [hhWZ_YWY_Œd [d [b fW‡i$ ;n_ij[d YWiei _cfehjWZei o bei gk[ i[ gk[ZWhed [d [b fW‡i$ ?dZ_# YŒ gk[ [b ‘bj_ce YWie fei_j_le i[ h[]_ijhŒ bW i[cWdW Wdj[h_eh [d bW fhel_dY_W Z[ F_Y^_dY^W$ :[iZ[ [ijW Z[f[dZ[dY_W Z[b
[ijWZe i[ fbWdj[W bW lWYkdWY_ÂŒd bW fhel_dY_W" f[Z_cei YebWXehW# feh c[Z_e Z[ XWhh_Zei" Y_ÂŒd W bWi \Wc_b_Wi fWhW fWhW [b Yehj[ j[hc_dWdj[ Yedjh_Xk_h Yed [b Xbegk[e ĹŠ Z[ jhWdic_i_ÂŒd" Yece fWh# [f_Z[c_ebÂŒ]_YeÇ" Z_`e$ ĹŠ ?dZ_YÂŒ gk[ Wb i[h kdW j[ Z[b FbWd Z[ 7YY_ÂŒd Z[ ,& 2.2/#!'.2.2ĹŠ2#ĹŠ /1#2#-3 1.-ĹŠ#-ĹŠ YWcfW‹W dWY_edWb" bW lW# Z‡Wi$ FWhW [ije i[ fh[lƒ bW + ĹŠ/1.5(-!( ĔŊ".2ĹŠ YedjhWjWY_ÂŒd Z[ '(& f[hie# "#2 3 ".2ĹŠ8ĹŠ+.2ĹŠ YkdWY_ÂŒd [d bW fhel_dY_W 31#2ĹŠ1#23 -3#2ĹŠ [cf[pWh| Z[iZ[ ^eo$ ;ije dWi fWhW Zei c[i[i" [djh[ #23 ĹŠ2#, - ĹŠ2#ĹŠ lWYkdWZeh[i o WdejWZe# !.-.!#1;-ĹŠ+.2ĹŠ feh bei YWiei Z[ hkXƒebW gk[ [n_ij[ [d [b YWdjÂŒd h[i$ ;b jhWXW`e Yedi_ij_h| 1#24+3 ".2ĔŊ3.".2ĹŠ #-ĹŠ#+ĹŠ! -3¢-ĹŠ 3 5 +.ēŊŊŊŊ EjWlWbe" WfeoWh[cei [d bW h[l_i_ÂŒd Z[ bei YWhdƒ jƒYd_YWc[dj[ feh gk[ bW Z[ lWYkdWY_ÂŒd [d bW Y_k# ZWZ o bWi Z_\[h[dj[i Yeckd_ZW# hkXƒebW [i cko i_c_bWh Wb iW# Z[i$ Æ;b Z[ifb_[]k[ i[h| [d jeZW hWcf_ÂŒd$
ÄŽ
1.!#2.ĹŠ
;ij| fh[l_ije jWcX_ƒd bW Yed\eh# cWY_ÂŒd Z[ Xh_]WZWi Z[ lWYkdW# Y_ÂŒd gk[ i[ kX_YWh|d [d bWi Z_\[# h[dj[i kd_ZWZ[i Z[ iWbkZ" i_j_ei ZedZ[ i[ _dckd_pWh| W bW feXbW# Y_ÂŒd Z[ - W‹ei Z[ [ZWZ$ 9WhbW CedjWble" cehWZehW Z[b XWhh_e 7bfWY^WYW 9[djhe" Z[ijW# YÂŒ bW _cfehjWdY_W [d [ijW YbWi[ Z[ YWcfW‹Wi$ Æ;d bei ‘bj_cei W‹ei" i[ i_[dj[ gk[ feh fWhj[ Z[b ;ijWZe i[ h[\k[hpW bW _dckd_pW# Y_ÂŒd [d jeZe i[dj_Ze" [ije [i kd Wb_l_e fWhW gk_[d[i de YedjWcei Yed h[Ykhiei o Z[X[cei ^WY[hbe Z[ \ehcW ]hWjk_jW$ ;i l_jWb Yk_# ZWh bW iWbkZ Z[ dk[ijhei ^_`eiÇ" [nfb_YÂŒ$
0 ( -Ĺ‹ Ĺ‹#(0 ,-#š(Ĺ‹ (Ĺ‹ -#-. ' -Ĺ‹ Ĺ‹ !/ Ĺ‹*). & Ĺ‹ ;d bWi Yeckd_ZWZ[i Z[ IWd F[# Zhe" ;b =kWZkWb o 9ebbWf‡" f[hj[# d[Y_[dj[i W bW fWhhegk_W hkhWb Z[ BW 9Wheb_dW" i[ h[]_ijhW kd WlWd# Y[ Z[b -& feh Y_[dje [d eXhWi Z[ c[`ehWc_[dje [d bei i_ij[cWi Z[ W]kW fejWXb[$ BW eXhW [i Yedi# jhk_ZW feh [b Ckd_Y_f_e Z[ ?XW# hhW" W jhWlƒi Z[ bW ;C7F7#?" Yed kdW _dl[hi_ÂŒd gk[ ikf[hW bei (+ c_b ZÂŒbWh[i$ BWi eXhWi gk[ Yedj[cfbWd [ij[ fheo[Yje" j_[d[ gk[ l[h Yed [b c[`ehWc_[dje Z[ YWfjWY_e# d[i" Y[hhWc_[djei o f_djkhW Z[ jWdgk[i Z[ h[i[hlW" _dijWbWY_ÂŒd Z[ [gk_fei Zei_Ă’YWZeh[i Z[ ^_# feYbeh_je Z[ YWbY_e" i[]kh_ZWZ[i" _dijWbWY_ÂŒd Z[ jkX[h‡W" [djh[ ejhWi eXhWi Y_l_b[i$
FWjh_Y_e 7]k_hh[" ][h[dj[ Z[ bW ;cWfW#?" cWd_\[ijÂŒ gk[ bW _dl[hi_ÂŒd [d [ijei i_ij[cWi Z[ W]kW fejWXb[" f[hc_j_h|d c[`e# hWh bW YWb_ZWZ Z[b W]kW gk[ Yed# ikc[d bei ^WX_jWdj[i Z[ [ijWi Yeckd_ZWZ" o Yece Yedi[Yk[d# Y_W Z[ [bbe" bWi YedZ_Y_ed[i Z[ iW# bkZ Z[ YWZW kdW Z[ bWi f[hiedWi" jWcX_ƒd c[`ehWh|d$ I[]‘d [b Yhede]hWcW [ijWXb[# Y_Ze [d [b YedjhWje" bW eXhW [ijW# h| j[hc_dWZW W Ă’d[i Z[ [ij[ c[i$ ;i fh[eYkfWY_ÂŒd Z[b WbYWbZ[ Z[ ?XWhhW" ?d]$ @eh][ CWhj‡d[p" Ze# jWh Z[ i[hl_Y_ei Z[ W]kW o WbYWd# jWh_bbWZe Z[ YWb_ZWZ W jeZei bei ^WX_jWdj[i Z[b YWdjÂŒd" Wi[]khÂŒ 7]k_hh[" Wb h[\[h_hi[ Wb WlWdY[ Z[ [ijW _cfehjWdj[ eXhW$
.-%#23(¢-Ŋ/.1Ŋ!.-2#%4(1Ŋ#+Ŋ1#!.1"Ŋ/.+(!( + Ŋ Ŋ ĖŊ Ŋ
11 Ä–ĹŠ 41 -3#ĹŠ+ ĹŠ2#, - ĹŠ -3#1(.1ĹŠ2#ĹŠ#5("#-!(¢Ŋ+ 1% 2ĹŠ!.+ 2ĹŠ#-ĹŠ+ 2ĹŠ (-23 + !(.-#2ĹŠ"#ĹŠ+ ĹŠ.ă!(- ĹŠ#-ĹŠ".-"#ĹŠ$4-!(.- ĹŠ+ ĹŠ .+(!~ ĹŠ 4"(!( +ēŊ ĹŠ-#!#Äą 2(" "ĹŠ"#ĹŠ".!#- 2ĹŠ"#ĹŠ/#12.- 2ĹŠ/ 1 ĹŠ+ ĹŠ. 3#-!(¢-ĹŠ"#ĹŠ#23#ĹŠ".!4,#-3.ĔŊ "#)¢Ŋ!+ 1.ĹŠ+ ĹŠ-#!#2(" "ĹŠ"#ĹŠ+ ĹŠ %(+(" "ĹŠ#-ĹŠ#+ĹŠ2#15(!(.ēŊŊ
Ć 0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
ĀĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? Ĺ? ÄĄ
-! 1!#+ ".2Ŋ/.1Ŋ #+4!'#2Ŋ!.-31 Ŋ#+Ŋ, +Ŋ"#Ŋ.).Ŋ !#/3 1Ŋ4-Ŋ/.++.Ŋ ēŊ +Ŋ ,4+#3.Ŋ,;2Ŋ$ ,.2.Ŋ#2Ŋ#+Ŋ , +#Ŋ.2(3.Ŋ #""8ē
23 2ĹŠ31 "(!(.-#2ĹŠ' ~ -ĹŠ2(".ĹŠ/1.'( (" 2ĹŠ8ĹŠ/#12Äą %4(" 2ĹŠ/.1ĹŠ#+ĹŠ2(23#, ĹŠ!.,4-(23 ĹŠ#-ĹŠ + -( Ä“
_ c[ZWbbWi" d_ [iYWfkbWh_ei d_ YhkY[i Z[ 9W# hWlWYW$ ;b h[# c[Z_e WbXWdƒi YedjhW [b cWb Z[ e`e [i ckY^e c|i bbWcWj_le0 ei_jei" f[hhei" [b[\Wdj[i o ^WijW cedei Z[ f[bkY^[ gk[ Yk[b]Wd Z[ bei XWbYed[i fWhW fhej[][h W bWi YWiWi Z[ bW [dl_Z_W$ ;ijW f[Ykb_Wh \ehcW Z[ fhej[][h# i[ Z[b Ăˆioh_ _ a[gÉ" Yece i[ bbWcW Wb cWb Z[ e`e [d WbXWdƒi" Yec[d# pÂŒ W kiWhi[ ^WY[ (& W‹ei" Yed bW YW‡ZW Z[b hƒ]_c[d Yeckd_ijW$ 9ece jWdjei ejhei fk[Xbei [khW# i_|j_Yei" bei WbXWd[i[i ^WX‡Wd h[# Ykhh_Ze jhWZ_Y_edWbc[dj[ Wb W`e" bWi ^[hhWZkhWi Z[ YWXWbbe e bei [ifWdjWf|`Whei fWhW fhej[][hi[ Z[ cWb[Ă’ Y_ei o ^[Y^_pei$ F[he ZkhWdj[ bei *- W‹ei Z[ efh[i_ÂŒd Yeckd_ijW" [b Z_YjWZeh ;dl[h >en^W Yedl_hj_ÂŒ 7bXWd_W" Z[ fe# XbWY_ÂŒd cWoeh_jWh_Wc[dj[ ck# ikbcWdW" [d [b fh_c[h fW‡i Wj[e Z[b ckdZe" ZedZ[ bei Ybƒh_]ei \k[hed \ki_bWZei" [dYWhY[bWZei o [dl_WZei W YWcfei Z[ jhWXW`e \ehpWZe$
BWi ikf[hij_Y_ed[i \k[hed _]kWb# c[dj[ Yedi_Z[hWZWi h[jhÂŒ]hWZWi o [b_c_dWZWi W bW \k[hpW Z[ bWi YeijkcXh[i fefkbWh[i" [nfb_YÂŒ bW WdjhefÂŒbe]W 7hcWdZW >oiW$ ;b ‘d_Ye l[ij_]_e Z[ [iei Wck# b[jei gk[ i[ i_]k_ÂŒ [cfb[WdZe WX_[hjWc[dj[ \k[ [b ĂˆZehZeb[Y_É" kd ced_]ej[ \[e o l[ij_Ze Yed ^WhWfei gk[ i[ [cfb[WXW fWhW [ifWdjWh W bei f|`Whei Z[ bWi ^k[hjWi o bei Ykbj_lei$ JhWi [b YWcX_e Z[ i_ij[cW ^WY[ (& W‹ei" ik c_i_ÂŒd [cf[pÂŒ W fWiWh Z[ W^ko[djWh W bWi Wl[i W fhej[][h Z[b cWb Z[ e`e$ F[he ik [cfb[e ^W _Ze i_[dZe ikij_jk_Ze feh [iei f[bkY^[i ^[h# ceiei o bbWcWj_lei gk[ Yk[b]Wd W^ehW Z[ ckY^Wi l[djWdWi o j[# `WZei fWhW WjhW[h jeZW bW [dl_Z_W o bW [d[h]‡W d[]Wj_lW Z[ bW ][dj[$ 7b]kdei ied YedeY_Zei f[hiedW# `[i Z[ Yk[djei _d\Wdj_b[i" f[he [b Wckb[je c|i \Wceie [i [b WcWXb[ ei_je J[ZZo" gk[ i[ [dYk[djhW [d jeZei bei Yebeh[i o Z_c[di_ed[i$ 8W`ei fh[Y_ei ;b \[dÂŒc[de i[ ^W [nj[dZ_# Ze jWcX_ƒd Z[X_Ze W bei XW`ei
fh[Y_ei gk[ [d bei c[hYWZ_bbei j_[d[d [ijei `k]k[j[i" gk[ [d bW ƒfeYW Yeckd_ijW [hWd Z_\‡Y_b[i Z[ eXj[d[h$ ÆBei l[Y_dei c[ \Wij_Z_WXWd Z_# Y_ƒdZec[ jeZei bei Z‡Wi0 ÂśGkƒ YWiW jWd Xed_jW O kd Z‡W i[ c[ eYkhh_ÂŒ Yeb]Wh [d [b XWbYÂŒd Zei ]hWdZ[i o b_dZei ei_jei Z[ f[bk# Y^[ fWhW gk[ bWi c_hWZWi Z[ bW ][dj[ i[ Y[djhWhWd [d [iei Wd_# cWb_jei o de [d bW YWiWÇ" [nfb_YÂŒ W ;\[ <Wj_c[ I^[^k$ ?]kWb gk[ [bbW" C_hWdZW PejW` ^W Yeb]WZe [d bW [djhWZW Z[ ik j_[d# ZW Wbgk_bWZW kd j_]h[ Z[ f[bkY^[" i_]k_[dZe bei Yedi[`ei Z[ ik ik[# ]hW fWhW ^WY[h \ehjkdW [d [b d[# ]eY_e Z[b YW\ƒ o [b jƒ$ Æ;b cWb Z[ e`e [i kd \[dÂŒc[de ikf[hij_Y_eie WhhW_]WZe de iÂŒbe [djh[ bei j_hWd[i[i" i_de [d jeZWi bWi feXbWY_ed[i W]h‡YebWi o ]WdW# Z[hWi$ F[he be j‡f_Ye [d 7bXWd_W [i [b kie Z[ `k]k[j[i Z[ f[bkY^[ Yece Wckb[jei fWhW [l_jWhbeÇ" _dZ_YÂŒ >oiW$
B7 F7P" ;<;$ KdW `k[pW Xe# b_l_WdW ehZ[dŒ Wfh[iWh W Zei feb_Y‡Wi gk[ WY[fjWhed Wbceh# pWh kd febbe Yed kd h[Ybkie XhWi_b[‹e gk[ Wfhel[Y^Œ bW _d# l_jWY_Œd fWhW \k]Whi[" _d\ehcŒ kde Z[ bei WXe]WZei Z[b fhŒ# \k]e" WYkiWZe Z[ lWh_ei Wi[i_# dWjei o Z[ \ehcWh fWhj[ Z[ bW fWdZ_bbW 9ecWdZe L[hc[b^e Z[ IWe FWkbe$ BW `k[pW LWb[h_W IWbWi" Z[ bW Y_kZWZ Z[ IWdjW 9hkp [ij[ " ehZ[dŒ [b i|XWZe h[Ybk_h Wb j[d_[dj[ M|bj[h FWjp_ He`Wi o Wb YWXe He][b_e 7bYŒY[h He# Zh‡]k[p feh _dYkcfb_c_[dje Z[ Z[X[h[i" \Wleh[Y_c_[dje Z[ [lWi_Œd o Ye^[Y^e fWi_le" Wb
^WX[h h[Y_X_Ze [b febbe Yece ikfk[ije ieXehde Z[b XhWi_b[# ‹e CWhYe 7dZhƒ CW]Wb^W[i$ ;b WXe]WZe Ejje H_jj[h" Z[b Xk# \[j[ gk[ Z[Ă’ [dZ[ Wb XhWi_b[‹e" _dZ_YÂŒ gk[ bei feb_Y‡Wi [ij|d ^eo [d Y[bZWi Z[ bW <_iYWb‡W o cW‹WdW i[h|d h[Ybk_Zei [d [b f[dWb Z[ IWdjW 9hkp" Wb _]kWb gk[ [b [cfb[WZe Z[ ik Xk\[j[ ;ZZo J_YedW" gk[ WYecfW‹W# XW [b `k[l[i W bei feb_Y‡Wi gk[ bb[lWXWd W CW]Wb^W[i W kdW WkZ_[dY_W `kZ_Y_Wb$ ;b WXe]WZe Yed\_hcÂŒ gk[ CW]WbW^[i W‘d de ^W i_Ze Z[# j[d_Ze" Wb YedjhWh_e Z[ be _d\eh# cWZe [b i|XWZe feh Wb]kdei c[Z_ei Z[ fh[diW Xeb_l_Wdei$
Ŋ Ŋ 1 Ŋ+ Ŋ2#!!(¢!41(.2.Ğ+ '.1 ē!.,ē#!
¢5#-#2ĹŠ,#7(! -.2ĹŠ2#ĹŠ,4#231 -ĹŠ/1.5.! 3(5.2 ^ ĔŊ ēŊ ĹŠÄŠÄ?ĹŠĹ˜ĹŠ ĹŠ ĹŠ Äą ĹŠ ĹŠ ĹŠ ĹŠ Äą ĹŠ ĹŠÄˆÄ‰ĹŠ ĹŠÄˆÄ‘ĹŠ Â&#x; ĔŊ ĹŠ ĹŠ ĹŠ ÄŠÄ”Ä?ĹŠ
ĹŠ ĹŠ ÂĄ ĔŊ ÂĄĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠÄĄ Äą ĹŠ ĢŊ ĹŠ ĹŠ ĔŊ ÂĄĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ÂĄ ĹŠ ĹŠ ÂĄ ĹŠ ĹŠ ĹŠ ĸ Ěē ĹŠ ĹŠ ĹŠ ĹŠ ĔŊ ĹŠ ĹŠ ĹŠ ĹŠ: ĹŠ ĹŠ } ĹŠ ÂĄĹŠ : ĹŠ ĹŠ ĹŠÄŒÄŠĹŠĹ˜ĹŠ ĹŠ ĹŠ ÂĄ ĹŠ ĹŠ ĹŠ Äą ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ÂĄĹŠ ĹŠ ^ ĹŠ ĹŠ ēŊŊ ĹŠ ĹŠ } ĔŊ ĹŠ ĹŠ
ĹŠ ÂĄ ĹŠ ĹŠ ĹŠ : ĹŠ ĹŠÄˆÄŽĹŠĹ˜ĹŠ ĹŠ ĔŊ ĹŠ ĹŠÄŒÄ‡ĹŠ
ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ÂĄ ĹŠ Äą ĹŠ ĹŠÄˆÄ‡ĹŠ
ēŊŊŊŊŊ ĥ Ŋ } Ŋ Ŋ Ŋ Ŋ Ŋ Ŋ ¥ Ŋ ĖŊ Ĺ Ŋ : Ŋ Ŋ ĔŊ Ŋ Ŋ ¥ ĔŊ Ŋ Ŋ Ŋ Ŋ Ŋ ^ ĔŊ
ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ÂĄ ĹŠ ĹŠ Â&#x;} ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ŊĉēĎććŊ
Ŋ Ŋ Ŋ Ŋ Ŋ ĢĔŊ
¥Ŋ Ŋ Ŋ Ŋ ēŊŊ ŊŊŊ
#-3#- 1(.2ĹŠ!#1#9.2ĹŠ ĹŠ ĹŠ Ä–ĹŠ
(+#2ĹŠ"#ĹŠ!#1#9.2ĔŊ. 2#04( ".2ĹŠ' !#ĹŠ4-ĹŠ2(%+.ĹŠ/.1ĹŠ /¢-ĹŠ ĹŠ 23 ".2ĹŠ -(".2ĹŠ 8ĹŠ /+ -3 ".2ĹŠ $1#-3#ĹŠ +ĹŠ .-4,#-3.ĹŠ "#ĹŠ #$$#12.-ĹŠ #-ĹŠ 2'(-%3.-Ŋĸ ĚĔŊ3#-"1;-ĹŠ24ĹŠ#!+.2(¢-ĹŠ#-ĹŠ+ ĹŠĂŒ+3(, ĹŠ2#, - ĹŠ"#ĹŠ , 19.ĔŊ,;2ĹŠ3#,/1 -.ĹŠ"#ĹŠ+.ĹŠ/1#5(23.ĔŊ2#%ĂŒ-ĹŠ+ 2ĹŠ/1#"(!!(.-#2ĹŠ"#+ĹŠ #15(!(.ĹŠ"#ĹŠ 104#2ĹŠ !(.- +#2ēŊ +ĹŠ2(3(.ĔŊ)4-3.ĹŠ +ĹŠ1~.ĹŠ .3., !ĔŊ 31 #ĹŠ ĹŠ,;2ĹŠ"#ĹŠ4-ĹŠ,(++¢-ĹŠ"#ĹŠ5(2(3 -3#2ĹŠ +ĹŠ  .ēŊ
§ ć 0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?ĀĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
#,.2Ŋ(-(!( ".Ŋ !.-Ŋ#+Ŋ2(23#, Ŋ "#Ŋ 11(".Ŋ#-Ŋ + 2Ŋ! ++#2ĔŊ,(#-31 2Ŋ +.2Ŋ-4#5.2Ŋ3 !'.2Ŋ"#Ŋ 241 Ŋ2#Ŋ!.+.! -Ŋ#-Ŋ + Ŋ!(4" "Ģ
2(ĹŠ3.".2ĹŠ/.Äą ĹŠ ^ "#,.2ĹŠ2./.1Äą } ĹŠ ÄŠĹŠ 3 1ĹŠ+ ĹŠ "5#12(Äą " "ĔŊ/#1.ĹŠ2(ĹŠ04#1_(2ĹŠ # Ĺ‹#(. ,( #)( &Ĺ‹ /1. 1ĹŠ#+ĹŠ! 1;!3#1ĹŠ Ĺ‹& Ĺ‹'/$ , "#ĹŠ4-ĹŠ'., 1#ĔŊ ;b . Z[ cWhpe" [ij| \[Y^W [i Z[ " "+#ĹŠ/."#1ĢēŊŊ h[YehZWY_ÂŒd Z[ bei fWhW bWi ck`[#
ĹŠ ĹŠĹŠĹŠ
ĹŠ
ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ
(!3(, 1(.2ĹŠ "(2$1 9 ".2ĹŠ
C|i l‡Yj_cWi [d bWi j[# d[XheiWi [ijWZ‡ij_YWi Z[b bbWcWZe jhWdifehj[" i_]k[d [d]heiWdZe iki Y_\hWi" Yed bWi h[Ykhh[dj[i `kij_Ă’ YWY_e# d[i gk[ i_[cfh[ dei ^[cei WYeijkcXhWZe W [iYkY^Wh o ÆWY[fjWhÇ$ I_d [cXWh]e jeZWi [ijWi jhW][Z_Wi de ^WY[d c|i gk[ YedĂ’ hcWh gk[ [ij[ i[]c[dje Z[ bW WYj_l_ZWZ ieY_e # [YedÂŒc_YW Z[ dk[ijhe fW‡i" h[gk_[h[ kh][dj[c[dj[0 W$# I[ Z[YbWh[ [b [ijWZe Z[ [c[h][dY_W Z[ bW WYj_l_ZWZ W Ă’ d Z[0 W$'$ ;cfh[dZ[h [d kdW dk[lW YWb_Ă’ YWY_ÂŒd ckY^e c|i fhe\kdZW Z[ bei Y^e\[h[i" Yed [n_][dY_Wi o h[gk_i_jei Z[ ijWdZWhj ckdZ_Wb" W$($ I[ h[j_f_Ă’ gk[ bei bbWcWZei ÆWY# Y_Z[dj[iÇ Z[ jh|di_je" fWhW gk[ i[ Yedl_[hjWd [d Z[b_jei fh[j[h_dj[dY_edWb[i" WZ[c|i Z[ gk[ bW h[ifediWX_b_ZWZ de Z[X[ i[h [d YecXe" i_de gk[ feh YWZW i[h ^kcWde gk[ ck[hW W cWdei Z[ [ijei i[‹eh[i" Z[X[h|d fheY[Z[h bWi f[dWi1 o" W$)$ ;cfh[dZ[h [d kdW WkZ_jeh‡W l_dYkbWdj[ W bWi bbWcWZWi Yeef[hWj_lWi e YecfW‹‡Wi Z[ jhWdifehj[" fWhW bb[]Wh W YedYbki_ed[i Z[ h[Yj_Ă’ YWY_ÂŒd Z[ [ij[ cWb^W# ZWZe i_ij[cW" gk[ iÂŒbe ^W i[hl_Ze fWhW Wkc[djWh bWi [ijWZ‡ij_YWi Z[ Z[i]hWY_Wi Z[b fW‡i [dj[he$ X$# I[ Z[j[hc_d[ kd dk[le fheY[ie Z[ Z_i[‹e o fbWd_Ă’ YWY_ÂŒd Z[b jh|di_je" jhWdifehj[ o i[]kh_ZWZ l_Wb" XW`e fh[Y[fjei jƒYd_Yei o fhe\[i_edWb[i Z[ [ij|dZWh[i _dj[hdWY_edWb[i1 o" Y$# I[ Y_[hh[d Z[Ă’ d_j_lWc[dj[ bWi \WceiWi ;iYk[bWi Z[ Æ9WfW# Y_jWY_ÂŒdÇ Z[ bei I_dZ_YWjei Z[ 9^e\[h[i" gk[ b[ Z[X[d Wb fW‡i" Wbh[Z[Zeh Z[ *,$&&& b_Y[dY_Wi ejeh]WZWi feh Z[XW`e Z[ bW c[iW$ I_ de fhe# Y[Z[cei [d [ijei i[dj_Zei Z[ iebkY_ÂŒd" i[]k_h[cei bWc[d# j|dZedei Z[ bWi l‡Yj_cWi gk[ i[]k_h|d YWo[dZe [d cWdei Z[ l_Yj_cWh_ei" Z_i\hWpWZei Z[ Y^e\[h[i$ 1ēŊ +.ĹŠ ēŊ #1;-ĹŠ ēŊ ĹŠ Ä“ Ä“ĹŠÄˆÄ‡Ä‡Ä‡Ä?Ä’ÄŒÄ?ĉĹđŊ
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#+_$.-.ĹŠÄ¸ÄƒĹŠ).ĚėŊ"(1#!!(¢-ĹŠ".,(!(+( 1( ĹŠ .ĹŠ"#ĹŠ31 ).ĹŠ8ĹŠ!.11#.ĹŠ#+#!31¢-(!.Ä“
Ĺ‹ Ĺ‹ Ĺ‹
Dei ^[cei WYeijkcXhWZe [d ;YkWZeh W l[h YŒce Wb]kdei \kdY_edWh_ei" _dYbkie Wgk[bbei gk[ eYk# fWd iki YWh]ei ]hWY_Wi W kdW [b[YY_Œd fefkbWh" W ceijhWhi[ l_i_Xb[c[dj[ _dYŒceZei YkWdZe i[ b[i WXehZWd fheXb[cWi Z[ ik Yecf[j[dY_W$ Ebl_ZWd gk[ YkWdZe i[ feijkbWhed fWhW [iWi h[ifediW# X_b_ZWZ[i Wdj[ bW ieY_[ZWZ e YkWdZe WY[fjWhed Z[i[cf[‹Wh iki \kdY_ed[i" Z[ ^[Y^e" i[ Yecfhe# c[j‡Wd W ZWh Yk[djW Z[ iki WYjei$ De gk_[h[d Z[j[d[hi[ W Yedi_Z[hWh gk[ de iŒbe cWd[`Wd h[Ykhiei gk[ iWb[d Z[ bei Xebi_# bbei o [b [i\k[hpe Z[ iki YedY_kZWZWdei" i_de gk[ Yed ik YecfehjWc_[dje d[]Wj_le e fei_j_le _d\bko[d [d bW Wkje[ij_cW Z[ jeZei$ I_ i[ lWb[d Z[ [nWXhkfjei jeZe [b j_[cfe e h[ifedZ[d Yed Wb]‘d j_fe Z[ _dikbje e ]hei[h‡W" fhef_dWd kd j[hh_Xb[ ]ebf[ W bW Z[Y[dY_W" bW ^edehWX_b_ZWZ o [b h[if[je gk[ dei Z[X[cei bei kdei W bei ejhei$
ĹŠ ĹŠ
Ä? (-/&. ), -Ĺ‹ *,) -#)( & -ÄŽ 9kWbgk_[hW gk[ [nfed]W iki _Z[Wi [d kd [ifWY_e f‘Xb_Ye i[ [dYk[d# jhW ik`[je W i[h `kp]WZe feh gk_[d b[[ e [iYkY^W ik c[diW`[$ 9ed bW M[X ($& bW fei_X_b_ZWZ Z[ [iW h[# jheWb_c[djWY_ÂŒd [i _dc[Z_WjW o f[hcWd[dj[$ BW Z[ceYhWj_pWY_ÂŒd" feh bW \WY_b_ZWZ Z[ WYY[ie W [iei h[Ykhiei" ^WY[ gk[ f[hcWd[dj[# c[dj[ i[ fk[ZWd b[[h [d [b c_ice [ifWY_e Yec[djWh_ei _dj[b_][dj[i" gk[ WXh[d bW fk[hjW W kd _dj[h# YWcX_e gk[ [dh_gk[Y[" Yed ejhei h[Wbc[dj[ e\[di_lei" bW c[`eh [l_# Z[dY_W Z[ kdW WYj_jkZ _djeb[hWdj[ [ _hh[if[jkeiW$ 7 [iWi f[hiedWi gk[ [dl‡Wd
ÂľFeh gkƒ de fh[i[djWh hWped[i o Wh]kc[djei Z[ cWd[hW h[if[jkeiW o `kijW5 Âľ;i Z_\‡Y_b [nfe# d[h _Z[Wi W bei Z[c|i i_d Z[`Wh Z[ bWZe [b fWf[b h[if[jkeie o YedijhkYj_le Z[ gk_[d Wikc[ bW h[ifediWX_b_ZWZ Z[ i[hl_h W bei Z[c|i5 De i[ j_[dZ[d fk[dj[i [djh[ gk_[d[i \ehcWcei fWhj[ Z[ bW ieY_[ZWZ Yed h[ifk[ijWi l_eb[djWi" Yed _dj_c_ZWY_ÂŒd o Yedi_Z[hWdZe gk[ bW ‘d_YW ef_# d_ÂŒd WY[hjWZW [i bW fhef_W$ ÂľFeh gkƒ de [nfh[iWh YbWhW o ^ed[ijWc[dj[ i[dj_c_[djei o f[diWc_[djei" oW i[Wd fei_j_lei e d[]Wj_lei5 I[ YWh[Y[d _hh[c[Z_WXb[c[dj[ Z[ [YkWd_c_ZWZ o cWZkh[p" feh h[if[je i[ _cfed[ ZWh kd fWie Wb YeijWZe$ Fk[Z[ i[h gk[ be]hWd j[d[h c[Z_ei Z[ Yeckd_YWY_ÂŒd ZÂŒY_b[i" f[he dkdYW i[ be]hWh| WfW]Wh [d gk_[d[i i[ Yedi_Z[# h[d Y_kZWZWdei bWi Wdi_Wi Z[ iWX[h" bW [n_][dY_W Z[ be c[`eh o Z[ f[diWh Yed YWX[pW fhef_W$
c[diW`[i fheleYWZeh[i i[ bei Ye# deY[ Yece jhebbi" Wb]kdei h[ifed# Z[d W kdW bÂŒ]_YW h[X[bZ[" hecf[h Yed jeZe be [ijWXb[Y_Ze$ I_[cfh[ i[h| WjhWYj_le [d\h[djWh W bW ehje# Zen_W" i[h Z_ij_dje" i[h _hh[l[h[dj[$ C|i Z[ be gk[ i[h‡W Z[i[WXb[" Wikc[d [i[ heb Yed [b Ă’ d Z[ _d# ikbjWh o Z[iYWb_Ă’ YWh1 bei [if[Y_W# b_ijWi Yh[[d gk[ de i[ b[i fk[ZW Yedi_Z[hWh Yece l[hZWZ[hei jhe# bbi0 ied i_cfb[i _dikbjWZeh[i gk[ i[ [iYkZWd [d [b Wded_cWje gk[ Xh_dZW kd Wb_Wi e kdW _Z[dj_ZWZ \WbiW _dl[djWZW e heXWZW W ejhe$ I[ Wfhel[Y^Wd Z[ bW YeX[hjkhW gk[ e\h[Y[d bWi dk[lWi j[Ydebe]‡Wi Z[ bW Yeckd_YWY_ÂŒd o lWd feh bW l_ZW i_d fh[eYkfWhi[ feh Wikc_h bWi Yedi[Yk[dY_Wi Z[ be gk[ Z_Y[d$ ;b _dikbje o bW Z[iYWb_Ă’ YWY_ÂŒd ied WhcWi feb‡j_YWi Z[ib[Wb[i$ Ik kj_b_pWY_ÂŒd de [i dk[lW" de [i fW# jh_ced_e Z[ efei_jeh[i e Z[\[d# ieh[i Z[b hƒ]_c[d XWijW b[[h bei Yec[djWh_ei Wb f_[ Z[ bWi dej_Y_Wi
e Z[ bWi YebkcdWi Z[ ef_d_ÂŒd fWhW i[dj_hi[ Wigk[WZe [ _dZ_]dWZe feh bW _hhWY_edWb_ZWZ" i_d [cXWh]e [i# YWdZWb_pW c|i bW iebW _Z[W Z[ gk[ ckY^ei Z[ [ijei c[diW`[i i[Wd fWhj[ Z[ kd fbWd ehgk[ijWZe feh f[hiedWi Y[hYWdWi Wb Hƒ]_c[d" Yece i[ ^W Z[dkdY_WZe [d [ijei Z‡Wi$ F[i[ W gk[ bW [nf[h_[dY_W h[# Y_[dj[ c[ Z_Y[ gk[ [i _d\hkYjkeie f[Z_h W bWi Wkjeh_ZWZ[i kdW _dl[i# j_]WY_ÂŒd Z[ [ijWi Z[dkdY_Wi" f[eh W‘d bW _Z[dj_Ă’ YWY_ÂŒd" `kp]Wc_[dje o iWdY_ÂŒd Z[ bei h[ifediWXb[i" be lebl[hƒ ^WY[h$ J[d]e feYWi [if[# hWdpWi Z[ gk[ Wb]e YWcX_[" l_l_# cei kd Yedj[nje [d [b gk[ fWh[Y[ ^WX[h jh_kd\WZe bW _Z[W Z[ gk[ bW Z[iYWb_Ă’ YWY_ÂŒd [i bW c[`eh \ehcW Z[ [d\h[djWh W bei YedjhWZ_Yjeh[i$ $ 1(3'2(,.-Äž8 '..Ä“!.,
h[i o bWi eXh[hWi j[nj_b[i Z[ Dk[lW Oeha" gk[ [d '.+- \k[hed Wi[i_dW# ZWi Wb [b[lWh ik lep Z[ fhej[ijW fWhW h[YbWcWh c[`eh[i YedZ_Y_e# d[i Z[ jhWXW`e o Z[ l_ZW kd WZ[# YkWZe jhWje W dk[ijhW YedZ_Y_Œd \[c[d_dW o kdW h[ckd[hWY_Œd WYehZ[ Yed ik [i\k[hpe$ ;hWd bei W‹ei Z[ bW h[lebkY_Œd _dZkijh_Wb" \|Xh_YWi o jWbb[h[i [ijWXWd iWjkhW# Zei Z[ ck`[h[i o d_‹ei gk[ [d Yed# Z_Y_ed[i _d\hW^kcWdW l[dZ‡Wd ik \k[h+pW Z[ jhWXW`e W XW`e fh[Y_e$ I_[cfh[ kd_ZWi" Z[Y_Z_ZWi o XW`e kd Yhk[dje _dl_[hde" iWb_[hed W Z[i\_bWh feh bWi YWbb[i Z[ bW Y_k# ZWZ fWhW [n_]_h iWbWh_ei c|i `kijei f[he kdW XhkjWb cWiWYh[ i_b[dY_e ik fhej[ijW$ 7‹ei c|i jWhZ[ lWb[heiWi ck`[h[i d[eoehgk_dWi h[YehZWd# Ze bW l_eb[dY_W W bW gk[ \k[hed iec[j_ZWi" bW fƒi_cW Wb_c[djW# Y_Œd gk[ b[i Z_[hed o [b Wpej[ Z[ bWi [d\[hc[ZWZ[i" [ijWXWd Z[Y_Z_# ZWi W bkY^Wh fWhW Yedgk_ijWh Yed# Z_Y_ed[i c|i ^kcWdWi fWhW [bbWi o iki ^_`ei" be]hWhed W]hkfWhi[ o Yedijhk_h ik fhef_W eh]Wd_pW# Y_Œd bW gk[ i[ Z[Z_Ye feh [dj[he W bW Z[\[diW Z[ bei Z[h[Y^ei Z[ bW ck`[h jhWXW`WZehW$ ;i [b (- Z[ W]eije Z[ '/'& ZkhWdj[ bW I[]kdZW 9ed\[h[dY_W ?dj[hdWY_edWb Z[ CK@;H;I IeY_Wb_ijWi h[Wb_pW# ZW [d 9ef[d^W]k[ :_dWcWhYW" 9bWhW P[j_Zd o AWh[d :kda[h" [d YWb_ZWZ Z[ c_[cXhei ieY_Wb_ijWi Wb[c|d bkY^Whed fWhW gk[ [b . Z[ CWhpe Z[ YWZW W‹e i[ b[i Z[Z_gk[ W bW ck`[h$ ;ij[ Z_]de [`[cfbe Z[ Z_]d_ZWZ o h[X[bZ‡W i[W [b i[dZ[he Z[ WXh_h# dei dk[lei YWc_dei fWhW dk[ijhWi Z[Y_i_ed[i o gk[ YWZW Z‡W i[Wcei c|i ieb_ZWh_ei o Yedi[Yk[dj[i [d dk[ijhe heb Z[ ck`[h[i jhWXW`WZe# hWi$ Ik [`[cfbe i_hlW Z[ ]k‡W Yed \_hc[pW [d dk[ijhW YedijWdj[ bkY^W" fWhW WbYWdpWh Yed fb[d_jkZ dk[ijhei eX`[j_lei o c[jWi" [b_c_# dWdZe jeZW XWhh[hW Z[ i[]h[]WY_Œd o l_eb[dY_W" W bW gk[ f[hcWd[d# j[c[dj[ [ijWcei iec[j_ZWi bWi ck`[h[i [if[Y_Wbc[dj[ [d dk[ijhe Yedj_d[dj[ Wc[h_YWde$
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 .ēŊÄ?ćĎĊ
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
'*, ( # ,)(Ĺ‹ '* ˜ Ĺ‹ Ĺ‹ - (-# # #š(Ĺ‹ ĹŠ ěŊ 9ed W]hWZe h[Y_#
X_[hed bei cehWZeh[i Z[ bW Yeckd_ZWZ Z[ 9^Wb]kWoWYk W bW Z[b[]WY_ÂŒd Z[b Fheo[Yje Z[ ?dj[hl[dY_ÂŒd J[hh_jeh_Wb ?d# j[]hWb F?J? gk[ WlWbW ;b C_# d_ij[h_e Z[ :[iWhhebbe KhXWde o L_l_[dZW C_Zkl_ $ BW _Z[W Z[b [dYk[djhe" \k[ i[d# i_X_b_pWh W bW feXbWY_ÂŒd f_cWc# f_h[‹W" ieXh[ bW _cfehjWdY_W Z[ cWdj[d[h kdW YkbjkhW Z[ fW]e Z[ i[hl_Y_ei" gk[ i[ h[Ă“[`[ [d eXhWi fh_eh_jWh_Wi fWhW bei i[Y# jeh[i c|i d[Y[i_jWZei$ Bei jƒYd_Yei Z[ bW ;cWfW#F" fh[i[djWhed bei X[d[\_Y_ei [d bW ][d[hWY_ÂŒd Z[ fheY[iei Z[ fWhj_Y_fWY_ÂŒd [ _dlebkYhW# c_[dje Y_kZWZWde" W jhWlƒi Z[ bW lWbehWY_ÂŒd Z[ bei i[hl_Y_ei h[Y_X_Zei$ <[hdWdZe 7‹WpYe" ][h[dj[ Z[b
Ĺ? ĀĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
Ĉ
F?J?" [nfb_YŒ Z[ kdW cWd[hW ][d[hWb_pWZW" bW _dj[hl[dY_Œd Z[ bei h[fh[i[djWdj[i [d [b j[# hh_jeh_e o bW Yedieb_ZWY_Œd Z[ eXhWi d[Y[iWh_Wi fWhW bei fe# XbWZeh[i$ 7dW CWh‡W Jehe" YeehZ_dWZehW Z[b F?J?" W]hWZ[Y_Œ [b Wfeoe o Yecfhec_ie h[Y_X_Ze feh fWh# j[ Z[ bW WZc_d_ijhWY_Œd WYjkWb Wb _dlebkYhWhi[ W jhWlƒi Z[b fhe]hWcW" [d bei fheY[iei Z[ [ZkYWY_Œd o i[di_X_b_pWY_Œd Y_kZWZWdW$ <_Z[b 7hY_d_[]Wi" jƒYd_Ye Z[ bW :_h[YY_Œd Z[ EXhWi F‘Xb_YWi Z[b Ckd_Y_f_e Z[ F_cWcf_# he" Wfhel[Y^Œ bW efehjkd_ZWZ fWhW ieY_Wb_pWh W bW feXbWY_Œd [b fheo[Yje Z[ W]kW fejWXb[ YkoW YedijhkYY_Œd _d_Y_Wh| [d Zei c[i[i$
ēŊ 4+341 ĔŊ,ĂŒ2(! ĔŊ!' 1+ 2ĹŠ8ĹŠ 3#-!(.-#2ĹŠ,_"(! 2ĹŠ2#1;-ĹŠ+ 2ĹŠ !3(5(" "#2ĹŠ/1(-!(/ +#2ĹŠ/.1ĹŠ#+ĹŠ ~ ĹŠ -3#1- !(.- +ĹŠ"#ĹŠ+ ĹŠ 4)#1ĹŠ#-ĹŠ#+ĹŠ! -3¢-ĹŠ -3.-(.ĹŠ -3#ēŊŊŊ
.#0# -ŋ (ŋ ")' ( $ ŋ*),ŋ &ŋ v ŋ (. ,( #)( &ŋ ŋ& ŋ /$ , +Ŋ"#2#,/# .Ŋ"#Ŋ+ Ŋ,4)#1Ŋ#-Ŋ+.2Ŋ"($#1#-3#2Ŋ2#!3.1#2Ŋ8Ŋ#2/ Ĺ !(.2Ŋ2#Ŋ"#23 ! Ŋ#-Ŋ+ Ŋ %#-" Ŋ/1#/ 1 " Ŋ/.1Ŋ+ Ŋ .,(2(¢-Ŋ"#Ŋ %4 +" "Ŋ8Ŋ _-#1.Ŋ"#Ŋ+ Ŋ 4-(!(/ +(" "Ŋ"#Ŋ -3.-(.Ŋ -3#ēŊŊŊŊŊŊ ŊěŊ7o[h [b Ckd_Y_f_e Z[
7djed_e 7dj[" W jhWlƒi Z[ bW 9e# c_i_Œd Z[ ?]kWbZWZ o =ƒd[he [d [b fh[j_b Z[b fWhgk[ CWh_iYWb Ik# Yh[" _d_Y_Œ bW fhe]hWcWY_Œd fh[# fWhWZW feh [b :‡W ?dj[hdWY_edWb Z[ bW Ck`[h$ :[iZ[ bWi '+0&& Yed kd fhe# ]hWcW Whj‡ij_Ye >ec[dW`[ W bW Ck`[h 7dj[‹W" bW ZWdpW" c‘i_YW o YkbjkhW fh[dZ_Œ W bei ^WX_jWd# j[i$ BW YedY[`WbW N_c[dW L_bb[]Wi o [dYWh]WZW Z[ bW eh]Wd_pWY_Œd Z[ bW fhe]hWcWY_Œd" [nfb_YŒ gk[ [ijei [ifWY_ei ied efehjkdei fWhW Z[ijWYWh bW bWXeh Z[ bWi ck# `[h[i [d [b WZ[bWdje o fhe]h[ie Z[ bWi ieY_[ZWZ[i$ :[ijWYŒ [b fWf[b fhejW]Œd_Ye Z[ bW ck`[h
Yece kd i[h ^kcWde i[di_Xb[" lWb_[dj[ o j[dWp" gk[ feYe W feYe ikh][ Z[ceijhWdZe ik YWfWY_# ZWZ o jWb[dje [d YkWbgk_[h heb" jWh[W e \kdY_Œd [d bW gk[ i[ Z[i# [dlk[blW$ CWhY[bW CedjWble" ^WX_jWdj[ Z[ bW fWhhegk_W Z[ 7dZhWZ[ CW# h‡d" cWd_\[ijŒ gk[ [ijW i[h_[ Z[ [l[djei ied _cfehjWdj[i fWhW Z[ijWYWh [b fWf[b fhejW]Œd_Ye Z[ bW ck`[h [d bW ieY_[ZWZ$
%#-" ĹŠ"#ĹŠ#5#-3.2
FWhW [ij[ c_ƒhYeb[i Z[iZ[ bWi '+0&&" [d [b iWbŒd Ckd_Y_fWb" i[ h[Wb_pWh| kd ^ec[dW`[ W bWi [cfb[WZWi o jhWXW`WZehWi Z[ bW _dij_jkY_Œd o Z[b FWjhedWje" c[# Z_Wdj[ kdW Y^WhbW Z[ Z[h[Y^ei Z[
bW ck`[h o Wkje[ij_cW$ ;ij[ `k[l[i . o l_[hd[i / Z[ cWhpe Z[iZ[ bWi &.0&& W bWi '+0&&" i[ [\[YjkWh| bW Wj[dY_ÂŒd cƒZ_YW [d [b ^eif_jWb Z[ bW Y_k# ZWZ o [d bei ikXY[djhei Z[ iW# bkZ Z[ bWi Z_\[h[dj[i fWhhegk_Wi [d bWi |h[Wi Z[ Y_hk]‡W ][d[hWb" ]_d[Yebe]‡W" fh[l[dY_ÂŒd o jhW# jWc_[dje Z[b Y|dY[h Z[ cWcW o kj[h_de$ FWhW [b cWhj[i ') Z[ cWhpe Z[iZ[ bWi ''0&& Yed [b 7bje 9e# c_i_edWZe Z[ bWi DWY_ed[i Kd_# ZWi fWhW bei H[\k]_WZei o [b C_# d_ij[h_e Z[ 9kbjkhW fh[i[djWh|d bW eXhW Æ9ehZ[b[i Z[b j_[cfeÇ W YWh]e Z[b =hkfe Z[ Ck`[h[i [d ;iY[dW o bW IeY_[ZWZ Z[ 7hj[iW# dei$
ēŊ (#-3.2Ŋ"#Ŋ/#12.- 2Ŋ/ 13(!(/ 1.-Ŋ"#Ŋ+ Ŋ !3(5(" "Ŋ"#Ŋ2#-2( (+(9 !(¢-ēŊ
&ŋ +/#*)ŋ '#( ,)ŋ, " #&#. ŋ &)-ŋ '#()-ŋ -.,/# ) }Ŋ ěŊ ;d c[Z_e Z[ i[h_Wi
Z_Ă’YkbjWZ[i" [b =eX_[hde Fhe# l_dY_Wb Z[ ?cXWXkhW =F? " i[ [dYWh]W Z[ bW b_cf_[pW Z[ Z[# hhkcX[i [d bei YWc_dei gk[ kj_b_pWd bWi Yeckd_ZWZ[i fWhW ik cel_b_pWY_ÂŒd$ Bei fheXb[# cWi c|i i[h_ei WfWh[Y[d [d [b YWdjÂŒd KhYkgk‡ o F_cWcf_he$ :_[]e =WhY‡W" fh[\[Yje Z[ ?cXWXkhW" _dZ_YÂŒ gk[ [b eh]W# d_ice W ik YWh]e ^WY[ [i\k[h# pei feh _dj[hl[d_h [d bWi pedWi Yh‡j_YWi$ I_d [cXWh]e" WdejW gk[ bei ZW‹ei de iebe i[ Z[h_#
lWd Z[ bW bbkl_W$ Æ>Wo bk]Wh[i [d ZedZ[" [d XWi[ W [ijkZ_ei i[ Z[j[YjWhed \WbbWi ][ebÂŒ]_YWi gk[ fheleYWd _d[ijWX_b_ZWZ [d [b ik[be" YWkiWdZe ZW‹ei f[h# cWd[dj[iÇ" Wi[]khÂŒ$ :[ WYk[hZe W bei h[fehj[i Z[ bei eh]Wd_icei Z[ i[]kh_ZWZ o [c[h][dY_W ^WijW [b cec[dje" ?cXWXkhW de h[fehjW fƒhZ_ZWi ^kcWdWi Z[X_Ze W WYY_Z[dj[i cej_lWZei feh bW bbkl_W$ Be c|i bWc[djWXb[ [i bW Z[ijhkYY_ÂŒd Z[ l‡Wi o YWiWi" [if[Y_Wbc[dj[" [d [b |h[W hkhWb$
ēŊ Ŋ 84" Ŋ"#+Ŋ Ŋ8 Ŋ#2Ŋ/#1, -#-3#Ŋ#-Ŋ".-"#Ŋ2#Ŋ1#04(#1#Ŋ24Ŋ /1#2#-!( ēŊ 1#1.2Ŋ8Ŋ#+Ŋ#04(/.Ŋ/#2 ".Ŋ31 ) -Ŋ#-Ŋ+ Ŋ1#' (+(3 !(¢-Ŋ"#Ŋ+ 2Ŋ ! 11#3#1 2ē
Ĺ? Ĺ?
Ĺ?
ĉ
Ĺ? ĀĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
ĹŠ
.-23148#-ĹŠ! 2 ĹŠ3 ++#1ĹŠ
Ĺ—ĹŠ ĹŠĹŠ $ ;d bW fWhhegk_W Z[ 9k[bbW`[ i[ Yedijhko[ kdW
YWiW jWbb[h fWhW bei Whj[iWdei o i[ fh[lƒ gk[ [ijƒ b_ijW [b Ă’d Z[ c[i fk[i oW h[]_i# jhW kd WZ[bWdje Z[b .& $ Bei jhWXW`ei [l_Z[dY_Whed kdW Z[cehW Z[X_Ze W bWi YedZ_Y_ed[i Yb_c|j_YWi$ I_d [cXWh]e" [ij|d Z[djhe Z[b fbWpe f[hc_j_Ze$
Ĺ‹0v Ĺ‹ /# ) " Äš */ & Äš !/ !,Ă„(Ĺ‹ (Ĺ‹ -* , ēŊ .2ĹŠ"  .2ĹŠ!.-23 -3#2ĹŠ"#ĹŠ+ ĹŠ! 11#3#1 ĹŠ(,/("#ĹŠ4-ĹŠ,#).1ĹŠ"#2 11.++.ĹŠ"#ĹŠ+.2ĹŠ,;2ĹŠ"#ĹŠÄˆÄ?ĹŠ,(+ĹŠ' (3 -3#2ĹŠ04#ĹŠ5(5#-ĹŠ#-ĹŠ+ ĹŠ9.- ĹŠ"#ĹŠ}-3 %Ä“
#ĹŠ!.-2314(1;-ĹŠ#-ĹŠ#23#ĹŠ  .ĹŠ ĹŠ4-ĹŠ!.23.ĹŠ"#ĹŠÄˆÄŒĹŠ,(++.-#2ĹŠ"#ĹŠ "¢+ 1#2ēŊ +3 ĹŠ+ ĹŠ31 -2$#1#-!( ĹŠ"#+ĹŠ (-(23#1(.ĹŠ"#ĹŠ (- -9 2ĹŠ +ĹŠ . (#1-.ĹŠ 1.5(-!( +Ä“ 11#%+ -ĹŠ!.+(2#.
Ĺ—ĹŠ ĹŠĹŠ _$ ;d bW Yeck# d_ZWZ ;b Cehb|d WZ[YkWd
[b Yeb_i[e Yece fWhj[ Z[ bWi eXhWi fh_eh_pWZWi [d [b fh[ikfk[ije fWhj_Y_fWj_le$ BW _dl[hi_ÂŒd [i Z[ '. c_b ZÂŒ# bWh[i o bei jhWXW`ei [ijWh|d b_ijei [d ,& Z‡Wi$ Bei Yeck# d[hei Z[ bW beYWb_ZWZ WfehjWd Yed bW eXhW fk[i c[Z_Wdj[ c_d]Wi fh[ijWd cWde [ eXhW de YWb_Ă’YWZW$
104#ĹŠÄˆÄ‡Ä‡ĹŠĹ˜ĹŠ+(23.ĹŠ
Ĺ—ĹŠĹŠĹŠ
$ '(. c_b ZÂŒbWh[i i[ _dl_hj_[hed [d bW WZ[YkWY_ÂŒd Z[b fWhgk[ Z[ Gk_he]W gk[ Wb Ă’d [ij| b_ije fWhW iWj_i\WYY_ÂŒd Z[ bei cehWZeh[i$ ;ijW eXhW j[d‡W kd h[jhWie Z[ jh[i W‹ei fk[i feh _dYkcfb_c_[dje Z[b YedjhWj_ijW bei jhWXW`ei gk[# ZWhed ikif[dZ_Zei ZkhWdj[ kd ]hWd j_[cfe$
ŊěŊ Bei _dj[‹ei [if[hWd
bW YedijhkYY_Œd Z[ bW YWhh[j[hW 9k_YeY^W#7fk[bW#7]kW]h‘d e\h[Y_ZW [d YWcfW‹W$ ;b fh_c[h fWie oW Z_e [b =e# X_[hde Fhel_dY_Wb" h[Wb_pŒ bei [ijkZ_ei gk[ \k[hed [djh[]WZei Wb Ckd_Y_f_e Z[ 9ejWYWY^_ [b W‹e fWiWZe$ ;d [ij[ jhWXW`e" bei jƒYd_Yei Z_i[‹Whed jh[i Wbj[hdW# j_lWi fei_Xb[i fWhW Yedijhk_h bW YWhh[j[hW$ HeX[hje 7bcWY^[" gk_[d iWYW
Ĺ‹*, * , (Ĺ‹ * , Ĺ‹& Ĺ‹ -# ' , Ĺ‹ Ĺ‹ ,Z$)& Bei ,& W]h_Ykbjeh[i Z[ bW 7ie# Y_WY_ÂŒd Z[ <h[`eb[hei Z[ bW pedW Z[ ĂždjW] i[ Wb_ijWd fWhW i[cXhWh [ij[ ]hWde$ H[dƒ B[ÂŒd" Z_`e gk[ [b 9ec_jƒ Z[ ?dl[ij_]WY_ÂŒd 7]h‡# YebW" Yed [b Wi[iehWc_[dje Z[b ?dij_jkje DWY_edWb 7kjÂŒdece Z[ ?dl[ij_]WY_ed[i 7]hef[YkW# h_Wi" \kdY_edW X_[d o Wfh[dZ[d W h[YedeY[h [d\[hc[ZWZ[i gk[ i[ f[]Wd [d bei Ykbj_lei o Yece WYWXWh Yed [bbWi i_d ZW‹Wh [b Wc# X_[dj[$ I_d [cXWh]e" [ij|d fh[eYk#
fheZkYjei Z[iZ[ [ijW pedW W bei c[hYWZei Z[ bWi fhel_dY_Wi Z[ ?cXWXkhW o F_Y^_dY^W" YWZW i[# cWdW" Z_`e gk[ i_[cfh[ gk[ bb[]W [b _dl_[hde [d bWi l‡Wi WfWh[Y[d XWY^[i bei gk[ i[ bb[dWd Z[ W]kW o beZe$ O [i jWcX_ƒd YkWdZe i[ WYk[hZW Z[b e\h[Y_c_[dje Z[ bW h[^WX_b_jWY_Œd jejWb Z[ bW YWhh[# j[hW o gk[ [i ^ehW Z[ gk[ bW eXhW [cf_[Y[" fehgk[ [i cko Z_\‡Y_b bW Y_hYkbWY_Œd [d j_[cfe _dl[hdWb o
¥ ēŊ Ŋ9.- Ŋ"#Ŋ}-3 %Ŋ3(#-#Ŋ 4#- Ŋ3(#11 Ŋ/ 1 Ŋ#+Ŋ!4+3(5.Ŋ"#Ŋ$1_).+ē
fWZei fehgk[ de j_[d[d W ZedZ[ l[dZ[h [b \hƒ`eb" f[i[ W gk[ bW <[# Z[hWY_ÂŒd DWY_edWb Z[ <h[`eb[hei eh]Wd_pWY_ÂŒd W bW gk[ f[hj[d[# Y[d" b[i WokZWd W XkiYWh c[hYW# Ze$ BW Yei[Y^W Wdj[h_eh l[dZ_[# hed c_b +&& gk_djWb[i$ 7i[]khÂŒ gk[ Yk[djWd Yed [b Wfeoe Z[ bW 9ehfehWY_ÂŒd Z[ 9hƒ# Z_jei FheZkYj_lei" [ijW [dj_ZWZ Ă’dWdY_[hW i_d jWdje fWf[b[e b[i YedY[Z[ fhƒijWcei [d [b ce# c[dje gk[ d[Y[i_jWd" Z_`e B[ÂŒd$
[d l[hWde" ZedZ[ [b feble [i kd eXij|Ykbe fWhW bei YedZkYjeh[i$ M_bied 7dZhWZ[" Z_h[Yjeh Z[ EXhWi F‘Xb_YWi Z[b Ckd_Y_f_e Z[ EjWlWbe" [nfb_YŒ gk[ [b =eX_[hde Fhel_dY_Wb fh|Yj_YWc[dj[ j_[d[ [b fh[ikfk[ije fWhW bW eXhW$ Ied '* c_bbed[i Z[ ZŒbWh[i gk[ [b C_d_ij[h_e Z[ <_dWdpWi WfehjWh‡W fWhW bei jhWXW`ei W bW [cfh[iW f‘Xb_YW l_Wb Z[ bW 9eh# fehWY_Œd Fhel_dY_Wb fWhW ik [`[# YkY_Œd$ ;ij|d i[]khei gk[ [ijW
eXhW _d_Y_Wh| [d [ij[ W‹e$ 1 9 ".Ŋ5( +
;b jhWpWZe l_Wb i[h| feh bW c_icW YWhh[j[hW gk[ [n_ij[ WYjkWbc[dj[ [d [b jhWce gk[ i[h| _dj[hl[d_# Ze$ Ied c|i Z[ ,& a_bÂŒc[jhei gk[ i[ h[^WX_b_jWh|d$ BWi eXhWi Z[ Whj[" [i Z[Y_h bWi Ykd[jWi" fWiei Z[ W]kW o c|i jhWXW`ei [ij|d Z_i[‹WZei" fWhW gk[ [ij[ YWc_de gk[ Yed[YjW bW Y_kZWZ Yed ĂždjW] feh [b i[Yjeh Z[ 7fk[bW f[hZkh[d bei W‹ei fbWd_# Ă’YWZei$ FWhW gk[ bW YWhh[j[hW i[ ^WX_# b_j[ Wb '&& o de Z[ijhkoW YWZW _dl_[hde bW l‡W i[h| Wi\WbjWZW$
( /!/, ,)(Ĺ‹ ) , -Ĺ‹ &Ĺ‹ ' , )Ĺ‹
./%Ĺ‹ ' 7o[h [d bW jWhZ[ i[ Z[iWhhebbÂŒ bW _dWk]khWh| Z[b f_ie dk[le Z[b cÂŒZkbe Z[ \hkjWi o l[hZkhWi Z[b c[hYWZe @Wjka 9[c Z[ 9e# jWYWY^_$ ;b Ckd_Y_f_e WfehjÂŒ fWhW bW YecfhW Z[ cWj[h_Wb[i o cWde Z[ eXhW$ Bei jhWXW`ei i[ h[Wb_pW# hed Yed kdW _dl[hi_ÂŒd Z[ ', c_b )(' ZÂŒbWh[i$ Ied c_b '&& c[jhei gk[ i[ _dj[hl_d_[hed [d [ij[ Y[djhe Z[ Yec[hY_Wb_pWY_ÂŒd$ @Wl_[h CWb[i" ][h[dj[ Z[ bW YecfW‹‡W Z[ ;Yedec‡W C_njW
ēŊ +Ŋ-4#5.Ŋ/(2.Ŋ"#Ŋ #+Ŋ;1# Ŋ"#Ŋ$143 2Ŋ8Ŋ5#1"41 2Ŋ" Ŋ.31 Ŋ (, %#-Ŋ Ŋ#23#Ŋ2#!3.1ē
@Wjka 9[c" Z_`e gk[ bW [cfh[iW WfehjŒ jWcX_ƒd Yed [b +& Z[ bW cWde Z[ eXhW$ 7Z[c|i _dWk# ]khWh|d bW _ibW Z[ `k]ei gk[ i[ YedijhkoŒ Yed '( c_b ZŒbWh[i$ CWb[i" Wi[]khŒ gk[ [ijWi eXhWi ied fWhW Xh_dZWh kd c[# `eh i[hl_Y_e W bWi f[hiedWi gk[ Yedikc[d [d [ij[ c[hYWZe$
#1( ĹŠ!.-ĹŠ !.%("
+Ŋ,#1! ".Ŋ"#Ŋ -(, +#2Ŋ04#Ŋ 1#Ŋ2¢+.Ŋ+.2Ŋ2; ".2Ŋ2#Ŋ' Ŋ!.-5#13(".Ŋ #-Ŋ4-Ŋ"#23(-.Ŋ341~23(!.Ŋ2. 1#3.".Ŋ/ 1 Ŋ+.2Ŋ5(2(3 -3#2Ŋ#731 -)#1.2ĔŊ/4#2Ŋ +#2Ŋ1#24+3 Ŋ 31 !3(5.Ŋ04#Ŋ#2Ŋ4- Ŋ-.5#" "Ŋ4- Ŋ$#1( Ŋ".-"#Ŋ2#Ŋ!.,/1#-Ŋ8Ŋ 5#-" -Ŋ -(, +#2ēŊ
(#,/.ĹŠ"#ĹŠ1#3.1-.ĹŠ
/ !)ŋ ŋ& -ŋ -.#0# -ŋ &ŋ 1% ,ŋ 3'#ŋ&)-ŋ '#!, (. -ŋ+/ ŋ , .),( ,)(ŋ &ŋ* v-ŋ* , ŋ -. $ ,ŋ -. -ŋ " -ŋ, !, - (ŋ ŋ&)-ŋ* v- -ŋ )( ŋ -.6(ŋ, # )-ŋ*),ŋ / -.#)( -ŋ ŋ '*& )Ąŋ -. ŋ #(6'# ŋ -ŋ *,)*# ŋ ŋ&)-ŋ . 0 &)-Ąŋ
Ĺ? ĀĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
ÄŠ
., 1#Ŋ! 8¢Ŋ Ŋ4-Ŋ/1#!(/(!(.ŊŊ
Ĺ—ĹŠ ĹŠ $ ;d [b XWhh_e 9efWYWXWdW Wo[h W bWi .0(&
i[ h[]_ijhÂŒ bW YW‡ZW Z[ kd ^ecXh[ [d [ijWZe Z[ [c# Xh_W]k[p$ I[ jhWjW Z[ 7kh[b_e L_bbejW Z[ ** W‹ei Z[ [ZWZ gk[ YWoÂŒ YkWjhe c[jhei Wb fh[Y_f_Y_e$ 7b bb[]Wh bei YWiWYWi he`Wi o bk[]e Z[ bW lWbehWY_ÂŒd Z[ fh_c[hei Wkn_b_ei _Z[dj_Ă’YWhed gk[ bW l‡Yj_cW ‘d_YWc[dj[ j[d‡W ]eb[i$ JecWhed YedjWYje Yed iki \Wc_b_Wh[i o be [djh[]W# hed fWhW gk[ be Yk_Z[d$
/ ˜)-Ĺ‹ Ĺ‹, -. /, (. -Ĺ‹ -* , (Ĺ‹+/ Ĺ‹- Ĺ‹ /'*& (Ĺ‹ ēŊ ĹŠ"(231( 4!(¢-ĹŠ"#+ĹŠ ĹŠ2#ĹŠ, -3(#-#ĹŠ(-#23 +#ĹŠ#-ĹŠ#+ĹŠ! -3¢-ĔŊ+ ĹŠĂŒ+3(, ĹŠ2#, - ĹŠ'4 .ĹŠ"#2 23#!(,(#-3.ēŊ
# +(9 1;-ĹŠ4- ĹŠ, 1!' ĹŠ,  - ĹŠ/ 1 ĹŠ ' !#1ĹŠ2#-3(1ĹŠ24ĹŠ5.9ĹŠ"#ĹŠ/1.3#23 ēŊ .-Äą $.1, 1.-ĹŠ4- ĹŠ 2.!( !(¢-ĹŠ/1.5(-!( +ēŊ ŊěŊ BW \WbjW Z[ ]Wi de [i kd j[cW W_ibWZe [d [b YWdjÂŒd" [d bW ‘bj_cW i[cWdW lWh_Wi \W# c_b_Wi Z[ bW Y_kZWZ o [d [if[Y_Wb bei fhef_[jWh_ei Z[ h[ijWkhWdj[i [l_Z[dY_Whed [ijW i_jkWY_ÂŒd$ I[ gk[`Wd Z[ bW \WbjW Z[b YWhXkhWd# j[ YkoW Z_ijh_XkY_ÂŒd f[i[ W [ijWh ped_Ă’YWZW de bb[]W$ Gk_[d[i ied fWhj[ Z[ bW Wie# Y_WY_ÂŒd Z[ h[ijWkhWdj[i Z[ j[h#
Y[hW" YkWhjW o gk_djW YWj[]eh‡W i[ gk[`Wd Z[ gk[ bei WYk[hZei fWYjWZei de i[ Ykcfb[d$ ;nfb_YWhed gk[ [b Yecfhe# c_ie \k[ WZgk_h_h kdW XecXe# dW Z[ ]Wi _dZkijh_Wb feh jh[i Zecƒij_YWi f[he dWZW i[ WYWjW$ H[iWbjWhed gk[ bWi fƒhZ_ZWi ied [l_Z[dj[i" fk[i _dYbkie [b =Wi B_YkWZe Z[ F[jhŒb[e =BF _d# Zkijh_Wb de cWdj_[d[ kd fh[Y_e
[ijWXb[$ ;Zm_d LWYW" fh[i_Z[dj[ Z[ bW WieY_WY_ÂŒd Z[ h[ijWkhWdj[i Z[ EjWlWbe" i[‹WbÂŒ gk[ i[ [d# Yk[djhWd _dYed\ehc[i Yed bW i_jkWY_ÂŒd gk[ WjhWl_[iWd fk[i Wb c[dei [if[hWd gk[ bei Yec# fhec_iei i[ ^W]Wd [\[Yj_lei$ ?dZ_YÂŒ gk[ [d bei ‘bj_cei c[i[i WZgk_h_[hed ]Wi Z[ \ehcW YWckĂ“WZW Wdj[ bW \WbjW Z[ Wf[h# jkhW Z[ bei Z_ijh_Xk_Zeh[i$ ÆDe iWX[cei fehgk[ dei _Z[dj_\_YWd Yece _dZkijh_Wb[i YkWdZe [b YedY[fje Z[ dk[ijhe i[hl_Y_e [i ejheÇ" h[iWbjÂŒ$
# (. ŋ ŋ.,6(-#.) ŊěŊ;b i|XWZe W bWi ()0(&
ēŊ .2Ŋ! 2 ! 2Ŋ1.) 2Ŋ 3#-"(#1.-Ŋ#23 Ŋ#,#1%#-!( Ŋ".-"#Ŋ /.1Ŋ$.134- Ŋ2¢+.Ŋ2#Ŋ1#%(231¢Ŋ4- Ŋ '#1(" Ŋ2(-Ŋ%.+/#2Ŋ"#Ŋ%1 5#" "ēŊŊ
f_jWb IWd Bk_i ZedZ[ bei ]Wb[# dei Z[ jkhde i[‹WbWhed gk[ i[ jhWjWXW Z[ ]ebf[i b[l[i o Z[ _dc[Z_Wje \k[ ZWZW Z[ WbjW$
ÄľÄ‰ÄŒÄ?Ä‘ÄˆÄľ
[d [b h[ZedZ[b Z[ bW Y_kZWZ[bW Hkc_‹W^k_ i[ h[]_ijhŒ kd WY# Y_Z[dj[ Z[ jh|di_je [djh[ Zei l[^‡Ykbei gk[ iŒbe Z[`Œ ZW‹ei cWj[h_Wb[i$ Kd WkjecŒl_b CW# pZW d[]hW fbWYWi ?87 )(.) o kdW YWc_ed[jW 9^[lheb[j d[# ]hW F7H /). i[ _cfWYjWhed$ ;b YedZkYjeh Z[ bW YWc_ed[jW Z[ _dc[Z_Wje i[ Z_e W bW \k]W$ BW i[‹ehW Bkp CWh‡W 9WXWiYWd# ]e h[ikbjŒ ^[h_ZW o \k[ bb[lWZW feh bei XecX[hei ^WijW [b ^ei#
1!' Ŋ8Ŋ1#4-(¢-Ŋ
7 d_l[b fhel_dY_Wb i[ ikcWd c|i f[hiedWi fk[i oW i[ ^WXbW Z[ kdW WieY_WY_ÂŒd Z[ h[ijWk# hWdj[i Z[ ?cXWXkhW gk[ WYe][ W c|i Z[ c_b ieY_ei$ BW b[]Wb_pW# Y_ÂŒd Z[ bW eh]Wd_pWY_ÂŒd [ij| [d jh|c_j[$ CW‹WdW W bWi '&0&& i[ h[# kd_h|d Yed bW =eX[hdWZehW" f[he fh[l_e W [ije h[Wb_pWh|d kdW cWhY^W fWY‡ÒYW [n_]_[dZe [b Ykcfb_c_[dje Z[b jhWje gk[ WYehZWhed" i[ h[kd_h|d W bWi &.0&& [d [b EX[b_iYe$ F_Z[d eX# `[j_l_ZWZ W bW ^ehW Z[ Z_ijh_Xk_h [b ]Wi Zecƒij_Ye [ _dZkijh_Wb$
.8ĹŠ 2 , +# "#ĹŠ+ ĹŠ
Ĺ—ĹŠ ĹŠ $ 7 bWi &/0&& [ij| YedleYWZW bW h[kd_ÂŒd Z[ bWi Yeckd_ZWZ[i Z[ XWi[ gk[ ied fWhj[ Z[ bW <[Z[hWY_ÂŒd Z[ Fk[Xbei A_Y^mWi Z[ bW I_[hhW Dehj[ Z[b ;YkWZeh$ BW Y_jW i[h| [d bW i[Z[ Z[ bW eh]Wd_pWY_ÂŒd$ ;b eX`[j_le [i WdWb_pWh bWi WYj_l_ZWZ[i gk[ i[ Z[iWhhebbWh|d [d bW cWhY^W Z[b . Z[ cWhpe Yed# leYWZW feh [b cel_c_[dje _dZ‡][dW o gk[ j[dZh| [Ye W d_l[b dWY_edWb fk[i i[ Ykc# fb_h| ZkhWdj[ '+ Z‡Wi$
Ĺ? Ĺ?
Ĺ?
Ä Ä€
Ĺ? ĀĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
1.'( (!(¢-Ŋ 3.2
234"( -3#2ĹŠ#7(%#-ĹŠ /+ -3# ,(#-3.2ĹŠ
+Ŋ04#Ŋ"#23148 Ŋ.Ŋ"  #Ŋ (#-#2Ŋ/#13#-#!(Ĺ #-3#2Ŋ +Ŋ 31(,.-(.Ŋ 4+341 +Ŋ"#Ŋ+ Ŋ !(¢-ĔŊ 2#1;Ŋ1#/1(,(".Ŋ!.-Ŋ/1(2(¢-Ŋ"#Ŋ4-.Ŋ Ŋ31#2Ŋ  .2Ŋ2(-Ŋ/#1)4(!(.Ŋ"#Ŋ+ 2Ŋ(-"#,-(9 !(.-#2Ŋ "# (" 2Ŋ Ŋ3#1!#1.2Ŋ"#Ŋ 4#- Ŋ$#Ŋ8Ŋ"#Ŋ04#Ŋ#+Ŋ )4#9ĔŊ"#Ŋ2#1Ŋ$ !3( +#ĔŊ.1"#-#Ŋ+ Ŋ1#!.-2314!Ĺ !(¢-ĔŊ1#23 41 !(¢-Ŋ.Ŋ1#23(34!(¢-Ŋ"#+Ŋ (#-ĔŊ Ŋ!.23 Ŋ"#+Ŋ 43.1Ŋ"#Ŋ+ Ŋ"#2314!!(¢-Ŋ.Ŋ "#3#1(.1.ē
$ Bei [ijkZ_Wdj[i
Z[ bei Yeb[]_ei Z[b YWdjŒd Wc[dWpWhed Yed iWb_h ^eo dk[lWc[dj[ W bWi l‡Wi i_ iki f[Z_Zei de ied [iYkY^WZei$ ;n_][d gk[ i[ YkcfbW Yed [b eXhe Z[b c[Z_e fWiW`[ [d bW jhWdifehjWY_Œd$ 7i_c_ice" h[gk_[h[d gk[ ^WijW gk[ i[ [ijWX_b_Y[ bW i_jkWY_Œd [b ^ehWh_e Z[ _d]h[ie i[W W bWi &-0)& fWhW [l_jWh bei WjhWiei$
#1( ĹŠ#-ĹŠ (,;-ĹŠ
Ä“ BW fbWpW F_c|d
lk[bl[ W j[d[h l_ZW bei Ò d[i Z[ i[cWdW" [d [ij[ bk]Wh i[ Z[iWhhebbW bW \[h_W WX_[hjW ZedZ[ bei f[gk[‹ei W]h_Ykb# jeh[i Z[ bWi Yeckd_ZWZ[i [nf[dZ[d bei fheZkYjei gk[ [njhW[d Z[ iki fWhY[bWi$ E\[hjWd l[hZkhWi" ]hWdei o \hkjWi$ Bei fh[Y_ei o [b f[ie ied `kijei o Wi‡ [l_jWd W bei _dj[hc[Z_Wh_ei$
ēŊ -ĹŠ#+ĹŠ! -3¢-ĹŠ+.2ĹŠ/1(-!(/ +#2ĹŠ (#-#2ĹŠ/ 31(,.-( +#2ĹŠ2.-ĹŠ#+ĹŠ/ 104#ĔŊ+ ĹŠ! 2 ĹŠ,4-(!(/ +ĔŊ+ 2ĹŠ/(2!(- 2ĹŠ % 13() 2ēŊ 4-04#ĹŠ#+ĹŠÄ’Ä?ĹŠĹ˜ĹŠ"#ĹŠ (#-#2ĹŠ/ 31(,.-( +#2ĹŠ #23;-ĹŠ#-ĹŠ, -.2ĹŠ/1(5 " 2Ä“
# Ĺ‹& Ĺ‹*, - ,0 #š(Ĺ‹ Ĺ‹ &)-Ĺ‹ # ( -Ĺ‹* .,#')(# & 2ĹŠ 43.1(" "#2ĹŠ -4-!( -ĹŠ04#ĹŠ#23#ĹŠ3(/.ĹŠ "#ĹŠ#"(ÄƒĹŠ! !(.-#2ĹŠ-.ĹŠ/4#"#-ĹŠ2#1ĹŠ(-3#1Äą 5#-(" 2ĹŠ2(-ĹŠ4-ĹŠ/1.!#2.ĹŠ1(%41.2.ēŊ ĹŠ ěŊ ;d [b YWdjÂŒd [n_ij[ Wfhen_cWZWc[dj[ )&& X_[# d[i fWjh_ced_Wb[i o [d jeZe [b ;YkWZeh i[ h[]_ijhW kd fhec[# Z_e Z[ /& c_b X_[d[i _dl[djW# h_WZei Yed [ijWi YWhWYj[h‡ij_YWi$ Bei f[hied[hei Z[b C_d_ij[h_e 9eehZ_dWZeh Z[b FWjh_ced_e 9kbjkhWb WZl_[hj[d gk[ bei X_[# d[i fWjh_ced_Wb[i de fk[Z[d i[h ceZ_Ă’ YWZei" h[ceZ[bWZei e Z[ijhk_Zei i_d bW Wkjeh_pWY_ÂŒd o Yedjheb Z[b ?dij_jkje DWY_edWb Z[ FWjh_ced_e 9kbjkhWb ?DF9 $ BW Z[ieX[Z_[dY_W Z[ [ijW dehcW
[ij| j_f_Ă’ YWZW feh bW B[o Z[ FW# jh_ced_e Yed fh_i_ÂŒd o ckbjWi [YedÂŒc_YWi$ xijW _dij_jkY_ÂŒd [i bW ‘d_YW _dij_jkY_ÂŒd gk[ fk[Z[ ZWh f[hc_iei ieXh[ bei X_[d[i fWjh_ced_Wb[i$ BW Z[ceb_Y_ÂŒd Z[ kd X_[d fWjh_ced_Wb [i kd Z[b_# je f[dWZe gk[ i[ [ijWXb[Y[ [d [b 9ÂŒZ_]e F[dWb$ L[h h[YkWZhe ?dƒi FWpc_‹e" Z_h[YjehW Z[b ?DF9" Wi[]khÂŒ gk[ [d [b ;YkW# Zeh bWi Wkjeh_ZWZ[i i_]k[d fhe# Y[iei `kZ_Y_Wb[i feh bW Z[ijhkY# Y_ÂŒd Z[ X_[d[i fWjh_ced_Wb[i [d Wb]kdWi Y_kZWZ[i Z[b fW‡i" [if[#
Y_Wbc[dj[ [d bWi c|i ]hWdZ[i$ ;ijW YWhj[hW Z[ ;ijWZe h[Wb_# pW kd YedijWdj[ h[]_ijhe Z[ bei X_[d[i fWjh_ced_Wb[i W jhWlƒi Z[b i_ij[cW Ă›XWYe$ Bei Ckd_# Y_f_ei j_[d[d bW Yecf[j[dY_W Z[ h[i]kWhZWh bei X_[d[i fWjh_# ced_Wb[i$ ;d [b YWie Z[ EjWlWbe Wdj[i Z[ h[Wb_pWh jhWXW`ei [d bW YWiW ckd_Y_fWb" [b FWhgk[ 8eb‡# lWh" BWi BW]Whj_`Wi o ;b D[fjkde i[ h[Wb_pÂŒ [b jh|c_j[ h[if[Yj_le ieb_Y_jWdZe Wkjeh_pWY_ÂŒd$ H[Wb_# pWd kd ced_jeh[e f[hcWd[dj[ fWhW [l_jWh gk[ de i[ Wbj[h[ [ijei [ifWY_ei Whgk_j[YjÂŒd_Yei Yedi_# Z[hWZei fWjh_ced_Wb[i$ ;b /, Z[ bei X_[d[i fWjh_# ced_Wb[i [ij|d [d cWdei fh_lW# ZWi o [n_ij[d h[ifediWX_b_ZWZ[i gk[ f[iWd ieXh[ bei fhef_[jWh_ei
Wkdgk[ [bbei bWi Z[iYedepYWd$ JWcX_ƒd ^Wo efehjkd_ZWZ[i fWhW WYY[Z[h W X[d[Ă’ Y_ei W jhW# lƒi Z[b ?DF9 o be]hWh bW h[^WX_# b_jWY_ÂŒd Z[ [ijei X_[d[i$ (34 !(¢-
7Z[c|i ied Yedi_Z[hWZei X_[# d[i fWjh_ced_Wb[i bei j[cfbei" Yedl[djei" YWf_bbWi o ejhei [Z_# Ă’ Y_ei Yedijhk_Zei ZkhWdj[ bW ƒfeYW Z[ BW 9ebed_W$ ;d [b Ckd_Y_f_e ^WY[d kd bbWcW# Ze W bei fhef_[jWh_ei Z[ X_[d[i fWjh_ced_Wb[i fWhW gk[ WYkZWd W bW :_h[YY_ÂŒd Z[ FbWd_Ă’ YWY_ÂŒd o YedepYWd be gk[ _cfb_YW YedjWh Yed kdW YWiW Z[ [ij[ j_fe$ 9ed [ije gk_[h[d [l_jWh bWi iWdY_ed[i o ckbjWi$
(Ĺ‹ )(46& 4Ĺ‹ /6, 4Ĺ‹ ,#( # ,)(Ĺ‹ / (. -Ĺ‹ 1(% " 2ĹŠ2(%4#-ĹŠ 31 ) -".
$ 9[hYW Z[ '&&
f[hiedWi jhWXW`Wd [d bWi Xh_]WZWi Z[ XWhh_Ze Z[ lWYk# dWY_Œd YedjhW [b iWhWcf_Œd o hkXƒebW$ Ied [ijkZ_Wdj[i o fhe\[i_edWb[i bei gk[ i[ kd_[hed W [ijW `ehdWZW fWhW be]hWh gk[ jeZei bei d_‹ei o WZeb[iY[dj[i Z[ , c[i[i W '* W‹ei Z[ [ZWZ [ijƒd _dck# d_pWZei o [l_jWh [b Xhej[ Z[ [ijW [d\[hc[ZWZ$
ēŊ -ĹŠ#+ĹŠ#2/ !(.ĹŠ"#ĹŠ1#-"(!(¢-ĹŠ"#ĹŠ!4#-3 2ĹŠ /1.5#!' 1.-ĹŠ/ 1 ĹŠÄƒĹŠ1, 1ĹŠ 4-ĹŠ!.-5#-(.ĹŠ!.-ĹŠ#+ĹŠ . (#1-.ĹŠ 1.5(-!( +ĹŠ/ 1 ĹŠ#+ĹŠ,#).1 ,(#-3.ĹŠ5( +ēŊ
Bei feXbWZeh[i Z[ =edp|b[p Ik|h[p" c[Z_Wdj[ kd Yedl[d_e i[ X[d[Ă’ Y_Wh|d Z[ eXhWi Z[ l_W# b_ZWZ lWbehWZWi [d (&& c_b ZÂŒbW# h[i$ BW h[dZ_Y_ÂŒd Z[ Yk[djWi \k[ Wfhel[Y^WZW fWhW [nfed[h bei jhWXW`ei gk[ i[ [`[YkjWh|d [ij[ W‹e o fWhW h[iWbjWh bei fbWd[i [`[YkjWZei [d [b (&''$ :[jWbbWhed bW fh[i[dY_W Z[b [gk_fe YWc_d[# he gk[ YebWXehW YedijWdj[c[dj[ Yed [b cWdj[d_c_[dje o b_cf_[pW Z[ '+ a_bÂŒc[jhei Z[ l‡W$ >WXbW# hed WZ[c|i Z[ bW Yh[WY_ÂŒd Z[ kdW c_Yhe[cfh[iW gk[ WokZÂŒ W [l_jWh [b Z[j[h_ehe Z[ bei fWiei
l_Wb[i$ H[YehZWhed gk[ i[ Yedi# jhkoÂŒ Zei fk[dj[i [d [b i[Yjeh Z[ F_`Wb" Yed kd cedje Z[ _dl[hi_ÂŒd Z[ *& c_b ZÂŒbWh[i$ ?iW‡Wi Gk_bkcXWgk‡d" fh[# i_Z[dj[ Z[ bW @kdjW FWhhegk_Wb" hWj_Ă’ YÂŒ [b Yecfhec_ie _dij_jk# Y_edWb Z[ i[]k_h Z[iWhhebbWdZe ][ij_ed[i gk[ ]WhWdj_Y[d [b WZ[# bWdje Z[ bW feXbWY_ÂŒd$ H[iWbjÂŒ bWi WYj_l_ZWZ[i W]h‡YebWi W bWi gk[ i[ Z[Z_YWd bei ^WX_jWdj[i$ 7dkdY_ÂŒ gk[ [b (&'( i[h| kd W‹e Z[ [cfh[dZ_c_[dje [d [b j[cW l_Wb fk[i bWi YWhh[j[hWi j[d# Zh|d c|i _cfkbie$
¢,.Ŋ 4(" 1Ŋ 4#231.2Ŋ ).2
ƒ
Ĺ? ĀĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
Ä Ä
4#231.2ĹŠ.).2ĹŠ2.-ĹŠ4-.ĹŠ"#ĹŠ+.2Ŋ¢1% -.2ĹŠ,;2ĹŠ !.,/+#).2ĹŠ#ĹŠ(-3#1#2 -3#2ĹŠ"#+ĹŠ!4#1/.ĹŠ'4Äą , -.ēŊ .-ĹŠ "#,;2ĹŠ+ ĹŠ/1(-!(/ +ĹŠ5~ ĹŠ04#ĹŠ3#-Äą #,.2ĹŠ/ 1 ĹŠ/#1!( (1ĹŠ#+ĹŠ,4-".ĹŠ#73#1(.1ēŊ bWi fhej[‡dWi gk[ Yecfed[d [b b[dj[$ ;ijei ZW‹ei" ckY^Wi l[Y[i Yec_[dpWd W [ZWZ[i j[cfhWdWi" o i[ lWd WYkckbWdZe Yed [b Ye# hh[h Z[b j_[cfe =bWkYecW Ă„ Dk[ijhei e`ei Yedj_[d[d [d ik _dj[h_eh kd b‡# gk_Ze bbWcWZe ^kceh WYkeie$ ;ij[ b‡gk_Ze [`[hY[ fh[i_ÂŒd ie# Xh[ [b ]beXe Z[b e`e WokZ|dZebe W cWdj[d[h ik \ehcW$ I_d [cXWh# ]e" YkWdZe [ij[ b‡gk_Ze de Zh[dW WZ[YkWZWc[dj[ i[ WYkckbW [d Z[cWi‡W" Wkc[djWdZe bW fh[i_ÂŒd ^WijW d_l[b[i ZW‹_dei$ ;ijW Yed# Z_Y_ÂŒd fk[Z[ YWkiWh Zebeh" fƒhZ_# ZW Z[ bW l_i_ÂŒd [ _dYbkie Y[]k[hW jejWb$ H[j_defWj‡W Z_WXƒj_YW Ă„ ;i bW fh_dY_fWb YWkiW Z[ f[hZ_ZW Z[ bW l_i_ÂŒd [d f[hiedWi Z_WXƒj_YWi$ ;d [ijW YedZ_Y_ÂŒd bei f[gk[‹ei lW# iei iWd]k‡d[ei YedeY_Zei Yece YWf_bWh[i" Z[ bei YkWb[i ^Wo kdW ]hWd YWdj_ZWZ [d bei e`ei" i[ jeh# dWd \h|]_b[i o Yec_[dpWd W Z[`Wh
iWb_h bW iWd]h[ Yedj[d_ZW [d ik _dj[h_eh$ ;ijei f[gk[‹ei Z[hhW# c[i Z[ iWd]h[ fheleYWd ZW‹ei W bW fWhj[ _dj[h_eh Z[b e`e YedeY_ZW Yece h[j_dW$ :[][d[hWY_ÂŒd cWYkbWh Ă„ BW c|YkbW [i bW fWhj[ Z[ bW h[j_dW [d bW gk[ c|i WXkdZWd bei Yedei" be gk[ bW Yedl_[hj[ [d bW fWhj[ Z[b e`e [d bW YkWb bW l_i_ÂŒd [i c|i W]kZW o fh[Y_iW$ Bei ZW‹ei W [ijW fWhj[ Z[ bW h[j_dW W\[YjWd ]hWdZ[c[dj[ bW l_i_ÂŒd o ied" Z[ ^[Y^e" bW fh_d# Y_fWb YWkiW Z[ bW fƒhZ_ZW Z[ ƒijW [d f[hiedWi Z[ [ZWZ WlWdpWZW$ 7b]kdWi Z[ bWi fh_dY_fWb[i YWk# iWi Z[ ZW‹ei W bW c|YkbW ied bW ^_f[hj[di_ÂŒd Whj[h_Wb" bW bW Whj[# h_e[iYb[hei_i o [b \kcWh$ 9ÂŒce Fh[l[d_h bW FƒhZ_ZW L_# ikWb I_ gk[h[cei gk[ dk[ijhei e`ei dei Zkh[d fWhW jeZW bW l_ZW be c[`eh gk[ feZ[cei ^WY[h [i Yk_ZWhbei$ H[fWhWh bei ZW‹ei oW ^WX_Zei [i ckY^e c|i Z_\‡Y_b o W c[dkZe _cfei_Xb[$ 7b]kdei Yedi[`ei gk[ fk[Z[d WokZWhdei W fh[i[hlWh dk[ijhW iWbkZ l_ikWb ied0 '$ DkdYW Wfkdj[ iki e`ei Z_# h[YjWc[dj[ ^WY_W \k[dj[i Z[ bkp _dj[diW Yece [b ieb$ ;ije fk[Z[ b_j[hWbc[dj[ cWjWh bWi YƒbkbWi l_# ikWb[i YedeY_ZWi Yece XWijed[i o Yedei gk[ oW c[dY_ed|hWcei$ ($ De \kc[ Ă„ 7kdgk[ Wb]kdWi f[hiedWi f_[diWd [d [b Y_]Whh_bbe YWi_ [nYbki_lWc[dj[ Yece \k[d# j[ Z[ fheXb[cWi W bei fkbced[i be Y_[hje [i gk[ [b ^kce Z[b Y_#
] W h h _ b b e jWcX_ƒd [i kdW ]hWd \k[dj[ Z[ ikijWdY_Wi jÂŒn_YWi YedeY_ZWi Yece hWZ_YWb[i b_Xh[i$ )$ ?d]_[hW Wdj_en_ZWdj[i Ă„ Bei Wdj_en_ZWdj[i WokZWd W fh[l[d_h [b ZW‹e YWkiWZe feh bei hWZ_YW# b[i b_Xh[i$ >WijW kdei W‹ei Wjh|i YkWdZe i[ ^WXbWXW Z[ Wdj_en_# ZWdj[i bW cWoeh fWhj[ Z[ bWi l[# Y[i i[ jhWjWXW Z[ bW l_jWc_dW 9" bW l_jWc_dW ; o [b X[jW YWhej[de$ ;n_ij[d [ijkZ_ei gk[ fWh[Y[d Z[ceijhWh gk[ bei ikfb[c[djei Z[ l_jWc_dW 9 fk[Z[d WokZWh W Z[j[d[h [b WlWdY[ Z[ bWi YWjWhWjWi o W c[`ehWh bW l_i_ÂŒd [d f[hiedWi gk[ fWZ[Y[d [ijW YedZ_Y_ÂŒd$ 7Z[# c|i Z[ [ijei Wdj_en_ZWdj[i oW Ye# deY_Zei$ ;b X[jW YWhej[de eXj[d_# Ze Z[ bei Wb_c[djei de fh[i[djW [ij[ fheXb[cW" Wb fWh[Y[h" fehgk[ lW kd_Ze W ejhWi ikijWdY_Wi$ *$ 9k_Z[ ik fh[i_ÂŒd Whj[h_Wb o iki lWiei iWd]k‡d[ei Ă„ bW iWbkZ Z[ dk[ijhei e`ei Z[f[dZ[ [d ]hWd c[Z_ZW Z[ kd WZ[YkWZe WXWije Z[ iWd]h[" feh be gk[ bWi c[Z_ZWi gk[ jec[cei fWhW fhej[][h dk[i# jhW iWbkZ YWhZ_elWiYkbWh jWcX_ƒd jh[dZh|d [\[Yjei X[dÂƒĂ’ Yei ieXh[ dk[ijhei e`ei$ +$ ?d]_[hW YWdj_ZWZ[i WZ[YkW# ZWi Z[ l_jWc_dW 7 o YWhej[de_# Z[i$ Bei YWhej[de_Z[i ied f_]# c[djei l[][jWb[i fh[i[dj[i [d \hkjWi o l[][jWb[i Yece [b cWd]e" bW pWdW^eh_W" [b c[bÂŒd" [b jecWj[" bW YWbWXWpW" bW [if_dWYW o [b Xh[# Yeb$ Kde Z[ [ijei YWhej[de_Z[i [i bW bkj[‡dW$ I[ iWX[h gk[ bW c|YkbW
Yedj_[d[ ]hWd# Z[i YWdj_ZWZ[i Z[ [ijW ikijWdY_W o i[ Yh[[ gk[ bei XW`ei d_l[b[i Z[ bW c_icW Yedjh_Xko[d W bW Z[# ][d[hWY_ÂŒd cWYkbWh$ BW bkj[_dW [i kde Z[ bei Wdj_en_ZWdj[i Yed [\[Yjei X[dÂƒĂ’ Yei [if[Y‡Ò Yei ie# Xh[ bei e`ei$ BW YWbWXWpW" bW [i# f_dWYW" [b f_c_[dje he`e" bW o[cW Z[ ^k[le" [b W]kWYWj[" [b Wf_e o [b f[h[`_b ied h_Yei [d bkj[‡dW$ [n_ij[ [l_Z[dY_W Z[ gk[ bW bkj[‡dW [d bW o[cW Z[ ^k[le i[ WXiehX[ c[`eh gk[ bW Z[ ejhWi \k[dj[i feh [ijWh WYecfW‹WZW Z[ b[Y_j_dW o ejhWi ikijWdY_Wi gk[ WokZWd [d [ij[ i[dj_Ze$ Ejhei Zei _cfehjWdj[i YWhej[de_Z[i ied [b b_Yef[de o bW p[WnWdj_dW$ ,$ ?d]_[hW YWdj_ZWZ[i WZ[YkW# ZWi Z[ p_dY Ă„ ;ij[ [i kd dkjh_[dj[ [i[dY_Wb fWhW [b Xk[d \kdY_edW# c_[dje Z[ bW h[j_dW$ ;n_ij[d lW# h_ei [ijkZ_ei Y_[dj‡Ò Yei gk[ i[‹W# bWd gk[ bWi f[hiedWi gk[ _d]_[h[d ikfb[c[djei Z[ p_dY j_[d[d kdW _dY_Z[dY_W c[deh Z[ fƒhZ_ZW Z[ bW l_i_ÂŒd gk[ gk_[d[i de _d]_[h[d [ijei ikfb[c[djei$ -$ ?d]_[hW Wb_c[djei e ikfb[# c[djei h_Yei [d \bWlede_Z[i$ Kdei j_fei Z[ Ă“ Wlede_Z[i Yede# Y_Zei Yece fheWdjeY_Wd_Z_dWi o WdjeY_Wd_Z_dWi WokZWd W fhe# j[][h bW h[j_dW$ Bei [njhWYjei Z[ i[c_bbW Z[ klW o [b Z[ Wh|dZWde X_bX[hho o [b Z[ bW Yehj[pW Z[b f_de cWh‡j_ce \hWdYƒi gk[ Yed# j_[d kd j_fe Z[ fheWdjeY_Wd_Z_dW YedeY_ZW Yece foYde][deb ied cko ‘j_b[i [d [ij[ i[dj_Ze$
(1 7(&12/2*ĂŒ$ //(9$026 /$ '(/$17(5$ ēŊ"#ĹŠ$.3.Ä“
ÄľÄ‰ÄŒÄ?đćľ
ed [bbei feZ[cei YWfjWh bW bkp fhe# l[d_[dj[ Z[ [ijh[# bbWi beYWb_pWZWi W c_b[i Z[ c_bbed[i Z[ a_bÂŒc[jhei Z[ Z_ijWdY_W o jWcX_ƒd feZ[cei l[h eX`[jei jWd f[gk[‹ei Yece kdW ^ehc_]W o kd ]hWde Z[ Wh[dW$ I_d [cXWh]e" Yed [b Yehh[h Z[ bei W‹ei dk[ijhei e`ei fk[Z[d ik\h_h [b [cXWj[ Z[ Z_l[hiWi [d\[hc[ZW# Z[i" gk[ Z[ de Z[j[d[hi[ W j_[c# fe" fk[Z[d W\[YjWh ]hWdZ[c[dj[ dk[ijhW l_i_ÂŒd [ _dYbkie Z[`Whdei jejWbc[dj[ Y_[]ei$ 7b]kdWi Z[ bWi [d\[hc[ZWZ[i Z[ bW l_i_ÂŒd Yeck# d[i [d f[hiedWi Z[ [ZWZ c[Z_W o WlWdpWZW ied bWi YWjWhWjWi" bW h[# j_defWj‡W Z_WXƒj_YW" [b ]bWkYecW o bW Z[][d[hWY_ÂŒd cWYkbWh$ BWi YWjWhWjWi Ă„ ied kdW Yed# Z_Y_ÂŒd [d bW gk[ [b b[dj[ Z[b e`e W jhWlƒi Z[b YkWb fWiWd bei hWoei bkc‡d_Yei" i[ dkXbW$ ;ije [i" feh be ][d[hWb" h[ikbjWZe Z[ ZW‹ei W
'LUHFFLyQ &KLFD 1DUYiH] \ *ULMDOYD D P GH (PHOQRUWH \ GHO 6HJXUR &DPSHVLQR GHO ,(66 ‡ 7HOI ‡ ,EDUUD (FXDGRU
āĂ
ŏ ĀĆŏ ŏ ŏĂĀāĂ
ŏ +. ŏ ġ
(1#ũ242ũ$.3.2ũ#-Ė 666ē+ '.1 ē!.,ē#!
#1#,.-(
(#, 1.2ũ"#ũ+ ũ .+(!~ ũ#+.%( 1.-ũ ũ+ ũ(-23(34!(¢-ũ ũ!4,/+(1ũ4-ũ .ũ ,;2ũ"#ũ5(" ē
+.ũ 41 ".ũ8ũ 1!#+.ũ +"#1¢-ē
.+ũ .11 +#2Ĕũ -(#+ ũ + , ũ8ũ - ũ #+_-ũ "#- ē
-(5#12 1(.ũ (-23(34!(.- +ũ "#ũ+ ũ .+(!~
4(2ũ%4#11 Ĕũ 25 1ũ (,_-#9ũ8ũ 49ũ -%_+(! ũ #15 -3#2ē
41(!(.ũ _1#9Ĕũ 4(2ũ _1#9Ĕũ 4(2ũ .13(++ ũ8ũ (-(!(.ũ #5#+.ē
&ŋ )' ( )ŋ ŋ*)&# v ŋ ŋ ' /, ŋ & ,)ŋ&)-ŋāþŋ )-ŋ ŋ0# ŋ#(-.#./ #)( &Ąŋ /.),# -ŋ&) & -ŋ3ŋ*,)0#( # & -ŋ -./0# ,)(ŋ*, - (. -ąŋ /, (. ŋ& ŋ- -# (ŋ-)& '( Ą
+.ũ !#+% Ĕũ +.ũ #¢-ũ8ũ +.ũ ;5(+ ē
- Ĺ‹")3Ä…Ĺ‹.) )-Ĺ‹-)(Ĺ‹ )( (. -Ĺ‹ (Ĺ‹ &Ĺ‹* v-
ƒ Ä
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?ĀĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ?
,&)-ŋ Z, 4ŋ #-*/ -.)ŋ ŋ" & ,ŋ )(ŋ ),, :ĔŊ Ŋě ;b Z_h[Yj_le Z[b Z_W#
h_e ;b Kd_l[hie" 9Whbei Fƒh[p" Z_`e Wo[h [d FWdWc| gk[ [ij| Z_ifk[ije W h[kd_hi[ Yed [b fh[# i_Z[dj[" HW\W[b 9ehh[W" Æfehgk[ de [i kdW f[hiedW Z[ eZ_eiÇ" i[]‘d _d\ehcÂŒ [b Z_Wh_e beYWb BW Fh[diW$ Fƒh[p" jhWi [b f[hZÂŒd ejeh]WZe feh 9ehh[W" bb[]ÂŒ [b `k[l[i fWiW# Ze W FWdWc| fWhW W]hWZ[Y[h Wb fh[i_Z[dj[" H_YWhZe CWhj_d[bb_" [b gk[ b[ ejeh]WhW Wi_be Z_fbec|# j_Ye [d ik [cXW`WZW [d Gk_je" jeZW l[p gk[ Z_Y[ de i[dj_hi[ i[# ]khe [d ;YkWZeh$ De eXijWdj[" Wi[]khW0 ÆDe j[d]e d_d]‘d fheXb[cW [d h[# kd_hc[ Yed 9ehh[W$ De ieo Z[ eZ_eiÇ o fkie [b ƒd\Wi_i [d gk[ Æ[d ;YkWZeh ^Wo ckY^‡i_cei fheXb[cWi Yece fWhW gk[ [b fheXb[cW i[W bW b_X[hjWZ Z[ [n# fh[i_ÂŒdÇ$ 7Zl_[hj[ gk[ de lW W h[]h[iWh W ;YkWZeh Æi_ [b Fh[i_Z[dj[ de fed[ Z[ ik fWhj[Ç o i_ lW W i[]k_h _dikbj|dZebe ÆjeZei bei i|XWZeiÇ" WZ[c|i b[ f_Z_ÂŒ gk[ b[ ieb_Y_j[ ÆW ik ][dj[Ç gk[ bei Z[`[ ÆjhWdgk_# beiÇ" i_d _Z[dj_Ă’YWh W dWZ_[ c|i$ ÂĄ ēŊ -3#2ĹŠ"#ĹŠ5( ) 1ĹŠ ĹŠ - ,;ĔŊ ;b Z_h[Yj_le ZkZÂŒ [d i_ lebl[h‡W _1#9ĹŠ#2345.ĹŠ 2(+ ".ĹŠ#-ĹŠ+ ĹŠ , ) " ĹŠ W Z_lkb]Wh [b [Z_jeh_Wb ĂˆDe W bWi "#ĹŠ#2#ĹŠ/ ~2ĹŠ#-ĹŠ 4(3.ēŊ c[dj_hWiÉ" Z[ ;c_b_e FWbWY_e$ Æ;ie [i be gk[ j[ ][d[hW [b gk[ i‡ ^kXe kdW ehZ[d Z[b Fh[# Fh[i_Z[dj[$ BW WkjeY[dik# i_Z[dj[ Z[ WjWYWh [b >ei# hW ÂľFeh gkƒ c[ be fh[]kd# ĹŠ f_jWb" o [ie iWb_ÂŒ [d DJD YWdWb _dj[hdWY_edWb Z[ jWi5 Fehgk[ jWcX_ƒd f_[d# j[b[l_i_ÂŒd feh YWXb[ bW iWi$$$ Ăˆi_ lk[bl[ W c[j[h bW i[cWdW fWiWZW" o de iƒ cWde [d [b \k[]e i[ lk[bl[ #2"#ĹŠ#+ĹŠÄˆÄ?ĹŠ"#ĹŠ $# 1#1.ĔŊ _1#9ĹŠ W gk[cWhÉ$ O [i ^kcWde #2345.ĹŠ1#$4%( ".ĹŠ i_ ;c_b_e iWX‡W Z[ bW [n_i# ) " ĹŠ f[diWh Wi‡$ De iWXh‡W gkƒ #-ĹŠ+ ĹŠ , j[dY_W Z[ [i[ ZeYkc[dje "#ĹŠ - ,;ēŊ Z[Y_h$$$ Z[f[dZ_[dZe Z[ YkWdZe i[ fkXb_YÂŒ [b Whj‡# bWi YedZ_Y_ed[i" [i kd Wh# Ykbe$ 9h[e gk[ i‡Ç$ Fƒh[p Z_Y[ gk[ i[ i_[dj[ kd j‡Ykbe gk[ ^WY[ kd W‹e j[d‡W kd Yedj[nje [d [i[ cec[djeÇ" WYejW Æf[hi[]k_ZeÇ [d ik fW‡i o Wkd# [d bW [djh[l_ijW$ gk[ h[YedeY_ÂŒ gk[ bei fh[i_Z[d# j[i j_[d[d Z[h[Y^e W Z[\[dZ[h ik ^edhW" Æde fk[Z[d fed[hi[ W 1(3#1(. 9edj[njkWb_pW gk[ ÆW^ehW" [n_ij[ c[j[h fh[iei W bei gk[ b[i Yk[i# kd ZeYkc[dje gk[ Yecfhk[XW j_edWdÇ$
ĹŠĂŒ-(! ĹŠ$.1, ĹŠ"#ĹŠ-.ĹŠ2#1+.ĹŠ#2 #7/1#2 -".ĹŠ24ĹŠ-#% !(¢-ĹŠ#-ĹŠ+ 2 .ă!(- 2ĹŠ"#+ĹŠ #%(231.ĹŠ (5(+Ä“ I[]‘d be [ij_fkbW bW B[o Eh]|# Z[ÂŒd" gk_[d YWZW c[i WYY[Z[ W d_YW Z[ :edWY_ÂŒd o JhWifbWd# kd Yedjheb cƒZ_Ye$ Æ7dj[i Z[b jhWifbWdj[" bei j[i" Z[iZ[ ^eo jeZei bei [YkWje# h_Wdei o [njhWd`[hei h[i_Z[dj[i i‡djecWi [hWd j[hh_Xb[i" XW`ƒ Z[ b[]Wbc[dj[ [d [b fW‡i" cWoeh[i f[ie" fWiWXW \Wj_]WZe" f[hZ‡W bW Z[ '. W‹ei i[ Yedl[hj_h|d [d YedY_[dY_W o" Yece Yedi[Yk[d# ZedWdj[i Z[ ÂŒh]Wdei o j[`_Zei" Y_W Z[ [ije" jkl[ gk[ WXWdZedWh Wb c[dei gk[ [d l_ZW ^kX_[hWd [b jhWXW`e$ 7^ehW [ijeo h[Ykf[# [nfh[iWZe be YedjhWh_e$ hWdZe bW [d[h]‡W o Z[iZ[ ^WY[ :[ WYk[hZe Yed ;Zm_d kd c[i o c[Z_e oW c[ h[_dYeh# BeW_pW" ikXZ_h[Yjeh ][d[hWb Z[b fehƒ W bWXehWhÇ" i[‹WbÂŒ$ H[]_ijhe 9_l_b" gk_[d[i I_d [cXWh]e" de je# de Z[i[[d ZedWh j_[d[d Zei gk_[d[i [if[hWd feh bW fei_X_b_ZWZ Z[ WYkZ_h ĹŠ kd jhWifbWdj[ Yehh[d bW W bW [dj_ZWZ W [nfh[iWh c_icW ik[hj[ Z[ 8Wb# ik d[]Wj_lW$ Æ7b cec[d# , (_-ĹŠ2#ĹŠ Z[ÂŒd$ 7 Z[Y_h Z[ :_WdW 7bc[_ZW" Z_h[YjehW Z[b je Z[ iWYWh bW YƒZkbW" bei 1#%(231 1;ĹŠ+ ĹŠ +3#1- 3(5 ĹŠÄĽ/ 1Äą \kdY_edWh_ei eXb_]Wje# !( +,#-3#ĹŠ Eh]Wd_ice DWY_edWb Z[ h_Wc[dj[ Z[X[h|d fh[# ".- -3#ČĔŊ+ ĹŠ/#1Äą 2.- ĹŠ"#!("(1;ĹŠ2(ĹŠ JhWifbWdj[i Z[ âh]Wdei o J[`_Zei Edjej " [d [b ]kdjWhb[ Wb kikWh_e ik 04(#1#ĹŠ2¢+.ĹŠ #-31#% 1ĹŠ242ĹŠ fW‡i Y[hYW Z[ +), f[h# Z[Y_i_ÂŒdÇ" i[‹WbÂŒ$ ¢1% -.2ĹŠ.ĹŠ3 ,Äą Gk_[d[i oW j_[d[d (_-ĹŠ242ĹŠ3#)(".2Ä“ iedWi [if[hWd feh kde$ YƒZkbW o de [ij|d Z_i# 7 f[iWh Z[ [bbe" h[Yede# fk[ijei W ZedWh Z[X[# Y_ÂŒ gk[ bW ZedWY_ÂŒd ^W h|d bb[dWh o Ă’hcWh kd ĹŠ Wkc[djWZe [d bei Zei \ehckbWh_e [d [b gk[ ‘bj_cei W‹ei$ ÆBW ][dj[ h[Y^WpWd bW WYY_ÂŒd$ ÆI_ 1 ĹŠ#7/1#2 1ĹŠ24ĹŠ i[ ^W WX_[hje W bW fei_X_# kdW f[hiedW \Wbb[Y[ o -#% !(¢-ĹŠ"#ĹŠ2#1ĹŠ b_ZWZ Z[ ZedWh o [i[ [i ".- -3#ĔŊ"# #ĹŠ de WlWdpÂŒ W ^WY[h bW ++#- 1ĹŠ4-ĹŠ$.1,4Äą kd ]hWd WlWdY[ fWhW bW Z[YbWhWjeh_W Z[ d[]W# + 1(.ĹŠ#-ĹŠ#+ĹŠ ieY_[ZWZÇ" i[‹WbÂŒ$ #%(231.ĹŠ (5(+ĹŠ.ĹŠ Feh ik fWhj[" kd \kd# j_lW" Wkjec|j_YWc[dj[ 1#2/.-"#1ĹŠ 2~ĹŠ ĹŠ i[ Yedl_[hj[ [d ZedWdj[ 04(#-ĹŠ+#ĹŠ 3(#-" ĹŠ +ĹŠ2 ! 1ĹŠ24ĹŠ-4#5 ĹŠ Y_edWh_e Z[b CIF i[‹WbÂŒ kd_l[hiWbÇ" Z_`e BeW_pW$ !_"4+ ēŊ gk[ bW ZedWY_ÂŒd _cfb_YW Zei [b[c[djei0 ÆkdW c[#
ĹŠ1# +(" " `ehW Z[ bW YWb_ZWZ Z[ l_ZW 7bX[hje 8WbZ[ÂŒd [if[hÂŒ '* c[# Z[ bW ][dj[ gk[ h[Y_X[ [b ÂŒh]Wde i[i fWhW h[Y_X_h kd jhWifbWdj[ o kdW Z_ic_dkY_ÂŒd Z[ Yeijei [d Z[ ^‡]WZe$ 7 [ij[ ^ecXh[ Z[ +/ bei i[hl_Y_ei Z[ iWbkZÇ$ W‹ei b[ Z_W]deij_YWhed Y_hhei_i o [b ‘d_Ye jhWjWc_[dje fei_Xb[ .- !(¢[hW [b jhWifbWdj[$ Æ;d [b [nj[# B[ÂŒd LWbZ_l_[pe \Wbb[Y_ÂŒ jhWi h_eh" [b Yeije WiY[dZ‡W W Y[hYW kd WYY_Z[dj[ Z[ jh|di_je$ 7dj[i Z[ )&& c_b ZÂŒbWh[i" Y_\hW gk[ Z[ ceh_h" [nfh[iÂŒ ik lebkdjWZ Z_\‡Y_bc[dj[ bW feZ‡Wcei h[# Z[ ZedWh iki ÂŒh]Wdei o CWh# kd_h f[he ]hWY_Wi W bW XedZWZ j^W B[ÂŒd" ik cWZh[" bW h[if[# Z[ bei ZedWdj[i bW _dj[hl[dY_ÂŒd jÂŒ$ ÆFkZ_cei ZedWh jeZei iki \k[ fei_Xb[Ç" cWd_\[ijÂŒ 8Wb# ÂŒh]Wdei o j[`_Zei" _dYbki_l[ [b
(/.2ĹŠ"#ĹŠ31 2/+ -3#2 -ĹŠÄ‰Ä‡ÄˆÄˆ ÄˆÄŒĹŠ Ä?ÄˆĹŠ ĉŊ ĉđĎŊ ĈÄ?ĹŠ ÄŠÄˆĹŠ Ä‰ÄŒĹŠ ĹŠ
ĹŠ"#ĹŠ'~% ". 1#- +#2 ! 1"~ !.2ĹŠ "#ĹŠ!¢1-# 2ĹŠ "#ĹŠ,_"4+ Ŋ¢2# ĹŠ "#ĹŠ3#-".-#2 /#"(;31(!.2ĹŠÄ¸ÄˆÄˆĹŠ1#- +#2ĔŊ ÄˆÄ‰ĹŠ,_"4+ Ŋ¢2# ĹŠ8ĹŠ4-ĹŠ'~% ".Äš
Ä–ĹŠÄŒÄŒÄŠ
.- !(¢ 5.+4!(¢-
 .ĹŠĹŠ ĉććđŊ ĉććĒŊ Ä‰Ä‡ÄˆÄ‡ĹŠ Ä‰Ä‡ÄˆÄˆĹŠ
1 2/+ -3#2 ĈÄ?Ä‘ ÄˆÄ‘Ä‡ĹŠ Čćć ČČĊ
f|dYh[Wi \k[ kj_b_pWZe fWhW _d# l[ij_]WY_ed[i Y_[dj‡\_YWi$ ;ie dei WokZÂŒ W ieXh[bb[lWh bW fƒhZ_# ZW" i_[dje gk[ c_ ^_`e lebl_ÂŒ W bW l_ZW o fkZe Wb_l_Wh [b ik\h_c_[d# je Z[ f[hiedWi gk[ fWiWd W‹ei [if[hWdZe kd ÂŒh]WdeÇ" i[‹WbÂŒ$ /(-(.-#2ĹŠ"(5("(" 2
;d bWi YWbb[i" ^Wo ][dj[ W \Wleh o [d YedjhW Z[b j[cW$ ÆBW ieY_[# ZWZ Z[X[ i[h c|i i[di_Xb[ Wdj[ bW ZedWY_ÂŒd$ ;djh[]Wh ÂŒh]Wdei o j[`_Zei YkWdZe kde \Wbb[Y[ ZW bW fei_X_b_ZWZ Z[ iWblWh kdW l_ZW o ^WY[h \[b_p W kd ^ecXh[ o W ik \W# c_b_WÇ" Yec[djÂŒ =WXh_[bW H[o[i" gk_[d fWhj_Y_fÂŒ Wo[h [d bW Ăˆ9_# Yb[WZW feh bW l_ZWÉ" gk[ i[ h[Wb_pÂŒ [d Gk_je" =kWoWgk_b o 9k[dYW$ ÆDe c[ W]hWZW bW _Z[W Z[ Ze# dWhbei" WZ[c|i Z[b Zebeh gk[ Z[ feh i‡ YWkiW bW ck[hj[" c|i jh_ij[ i[h‡W gk[ iki ÂŒh]Wdei bei lWoWd h[j_hWdZe kde W kdeÇ" Yec[djÂŒ EcWh DeXeW$
,#-#š(Ĺ‹* , Ĺ‹ 2! , (. Ĺ‹ Ĺ‹& Ĺ‹ ĹŠ š BW Fh_c[hW IWbW F[# dWb Z[ bW 9ehj[ Z[ @kij_Y_W Z[b =kWoWi ehZ[dÂŒ bW YWfjkhW Z[b [n][h[dj[ Z[ bW 7][dY_W Z[ =W# hWdj‡W Z[ :[fÂŒi_jei 7=: " 9Wh# bei 8hWle CWY‡Wi$ ;ije" [d [b cWhYe Z[ fheY[ie feh _d`kh_Wi YWbkcd_eiWi" _d_Y_W# Ze feh [b [nZ_fkjWZe Z[b FI9 o jWcX_ƒd ][h[dj[ Z[ bW 7=:" FW# jh_Y_e :|l_bW$ <[hdWdZe Hei[he" fheYkhWZeh `kh‡Z_Ye Z[b Z[cWdZWdj[" Z_e W
YedeY[h gk[ bW ehZ[d Z[ Wfh[c_e YedjhW 8hWle oW [ij| [nf[Z_ZW feh bW IWbW" gk[ hWj_Ă’YÂŒ ik \Wbbe W \Wleh Z[ :|l_bW$ ;b [n\kdY_edWh_e kj_b_pÂŒ YWb_Ă’# YWj_lei e\[di_lei YedjhW :|l_bW" YkWdZe [ij[ eYkfÂŒ bW ][h[dY_W Z[b eh]Wd_ice Z[ h[Ykf[hWY_ÂŒd Z[ YWhj[hW Z[ bW XWdYW Y[hhWZW$ Hei[he i[‹WbÂŒ gk[ bW i[dj[d# Y_W YedZ[dW W 8hWle W kd W‹e Z[ Y|hY[b [d [b 9[djhe Z[ H[^WX_b_jW# Y_ÂŒd IeY_Wb Z[b =kWoWgk_b$
¥ ēŊ 8#1Ŋ#-Ŋ 4(3.ĔŊ 4 8 04(+Ŋ8Ŋ 4#-! Ŋ2#Ŋ++#5¢Ŋ Ŋ! .Ŋ+ Ŋļ (!+# " Ŋ/.1Ŋ+ Ŋ5(" ČŊ/ 1 Ŋ(-!#-3(5 1Ŋ+ Ŋ".- !(¢-ē
ƒ Ă
ĀĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
( v! ( -Ĺ‹ 2#! (Ĺ‹ *,) #š(Ĺ‹ Ĺ‹ & 3Ĺ‹ Ĺ‹ !/ 7 ^ehWi Z[ gk[ i[ h[Wb_Y[ bW cWh# ēŊ 2ĹŠ!#-31 +#2ĹŠ Y^W dWY_edWb Z[ Yeckd_ZWZ[i '("1.#+_!31(! 2ĹŠ2.-ĹŠ"#ĹŠ+ 2ĹŠ #-#ă!( Äą _dZ‡][dWi o WYjeh[i ieY_Wb[i" je# " 2ĹŠ"#ĹŠ#23#ĹŠ1#!412.ēŊ ZWl‡W de [n_ij[ kd c[YWd_ice gk[ f[hc_jW bW WfheXWY_ÂŒd Z[ bW Y_ÂŒd A_Y^mW Z[b ;YkWZeh ;YkW# b[o Z[ h[Ykhiei ^‡Zh_Yei b[o Z[ hkdWh_ " Bk_i 9edj[dje" gk_[d W]kWi " gk[ [i kdW Z[ bWi [n_][d# h[YWbYÂŒ gk[ i[ ^WX‡W WlWdpWZe Y_Wi Z[ [ijei ]hkfei$ XWijWdj[ Yed bW b[o" f[he ieb_Y_jÂŒ ;b fh[i_Z[dj[ Z[ bW 7iWcXb[W" gk[ jWcX_ƒd i[ _dYbkoW kd _d\eh# <[hdWdZe 9ehZ[he" i[‹WbÂŒ gk[ c[ [bWXehWZe feh bei fk[Xbei _d# [if[hWd WfheXWh [d [b 9edi[`e Z‡][dWi o de iÂŒbe [b Z[ bW 9ec_# Z[ 7Zc_d_ijhWY_ÂŒd B[]_ibWj_lW i_ÂŒd Z[ IeX[hWd‡W 7b_c[djWh_W$ 97B kd h[]bWc[dje fWhW bW Ckh_bbe h[YWbYÂŒ gk[ de fk[Z[ YedikbjW fh[b[]_ibWj_lW" gk[ [i eYkhh_h be ikY[Z_Ze Yed bW B[o Z[ be ‘d_Ye gk[ \WbjW$ F[he de ^Wo C_d[h‡W [d bW gk[ de i[ h[Wb_pÂŒ bW dWZW Z[Ă’d_Ze" i[]‘d bei YedikbjW W bei fk[Xbei _dle# leYWb[i$ bkYhWZei" feh be gk[ Y_[hjei ;ije" fehgk[ bW 9ehj[ ĹŠ Whj‡Ykbei oW de ied l|b_Zei$ 9edij_jkY_edWb Z_e fWie W ÆDe feZ[cei f[hc_j_h [ije bWi c[Z_ZWi YWkj[bWh[i" ie# +ĹŠÄˆÄ‡ĹŠ"#ĹŠ-.5(#,Äą dk[lWc[dj[Ç" _dZ_YÂŒ$ 1#ĹŠ"#ŊĉććĒŊ2#ĹŠ b_Y_jWZWi feh [b fh[i_Z[dj[" "(.ĹŠ#+ĹŠ/1(,#1ĹŠ HW\W[b 9ehh[W" fWhW de _d# "# 3#ĹŠ"#ĹŠ+ ĹŠ+#8ēŊ ĹŠ+#8 ;b eX`[j_le Z[ bW dehcWj_# ]h[iWh [d [b H[]_ijhe EĂ’Y_Wb -ĹŠ, 8.ĹŠ"#ĹŠÄ‰Ä‡ÄˆÄ‡ĹŠ $4#ĹŠ++#5 " ĹŠ ĹŠ W bW b[o Z[ bW \kdY_ÂŒd b[]_ibW# 2#%4-".ĹŠ"# 3#ĔŊ lW [i h[]kbWh [b cWd[`e o 1%.ĹŠ-.ĹŠ j_lW" ZedZ[ i[ _dYehfehW [b 2(-ĹŠ#, 2#ĹŠ/4".ĹŠ /1. 1ēŊŊ kie Z[b W]kW$ ;d [b Whj‡# c[YWd_ice Z[ bW YedikbjW Ykbe kde i[ [ijWXb[Y[ gk[ fh[b[]_ibWj_lW$ bei h[Ykhiei ^‡Zh_Yei ied I_d [cXWh]e" fWhW [b WiWc# fWhj[ Z[b fWjh_ced_e dWjkhWb Z[b Xb[‡ijW CWhYe Ckh_bbe C?7O ;ijWZe o i[h|d Z[ ik Yecf[j[d# ÆoW [i ^ehW Z[ gk[ i[ l_WX_b_Y[ [b Y_W [nYbki_lW$ cWhYe `kh‡Z_YeÇ$ ;b fhefed[dj[" @W_c[ 7Xh_b F7?I " _dZ_YÂŒ gk[ Yed bW b[o i[ [i# 7(%#-!( f[hW ^WY[h kdW h[Z_ijh_XkY_ÂŒd Z[b ;b l_Y[fh[i_Z[dj[ Z[ bW 9ed\[Z[hW# W]kW fWhW X[d[Ă’Y_Wh W jeZei bei Y_ÂŒd Z[ DWY_edWb_ZWZ[i ?dZ‡][dWi fk[Xbei Z[b fW‡i$ I_d [cXWh]e" 7YWY^e [d\Wj_pÂŒ Z[b ;YkWZeh 9edW_[ " @eiƒ 7YW# Y^e" i[‹WbÂŒ gk[ [n_][d bW WfheXW# [d gk[ ÆbWi l[hj_[dj[i Z[X[d i[h cWd[`WZWi feh bei fk[Xbei Z[ Y_ÂŒd Z[ bW YedikbjW fh[l_W$ 7 [ijW feijkhW i[ ikcW [b ZedZ[ dWY[ [ij[ h[Ykhie" [d bWi l_Y[fh[i_Z[dj[ Z[ bW 9ed\[Z[hW# cedjW‹WiÇ$
3Ĺ‹ Ĺ‹.# ,, -Ĺ‹- ,6Ĺ‹ *, - (. Ĺ‹*),Ĺ‹ '* -#()-Ĺ‹ ;b fheo[Yje Z[ b[o eh]|d_YW Z[ feh bW _d_Y_Wj_lW Y_kZWZWdW$ j_[hhWi o j[hh_jeh_ei i[h| [djh[# ]WZe W bW 7iWcXb[W feh Y_dYe eh# .-Ä„(!3. ]Wd_pWY_ed[i YWcf[i_dWi" [b (' ;b fh[i_Z[dj[ Z[ bW 9ed\[Z[hW# Z[ cWhpe" Yed kdW cel_b_pWY_ÂŒd$ Y_ÂŒd DWY_edWb Z[ Eh]Wd_pWY_ed[i ;b XehhWZeh gk[ i[ fh[i[djWh| 9Wcf[i_dWi" ?dZ‡][dWi o D[]hWi [i [b gk[ [bWXehÂŒ bW 9ed\[h[dY_W <[deY_d " Bk_i 7dZhWd]e" i[‹W# Fbkh_dWY_edWb [ ?dj[hYkbjkhWb Z[ bÂŒ gk[ Z[iZ[ eYjkXh[ ^Wd h[Y[f# IeX[hWd‡W 7b_c[djWh_W 9ef_iW " jWZe )+ c_b Ă’hcWi" Z[ bWi +& c_b b_ije Z[iZ[ Z_Y_[cXh[$ gk[ [if[hWd h[Yeb[YjWh$ F[he f[hi_ij[d YedĂ“_Y# I_d [cXWh]e" [b l_Y[# jei feh bW h[Z_ijh_XkY_ÂŒd ĹŠ fh[i_Z[dj[ Z[ bW 9ed\[Z[# Z[ j_[hhWi o bW [nfhef_W# hWY_ÂŒd Z[ DWY_edWb_ZWZ[i ?dZ‡][dWi Z[b ;YkWZeh Y_ÂŒd i_ de j_[d[d kd Ă’d ĹŠ 2 , +# ĹŠ #1;ĹŠ ieY_Wb e WcX_[djWb$ =hk# !(.- +ĹŠ"# /1. 1ĹŠ+ ĹŠ+#8ĹŠ#-ĹŠ 9edW_[ " @eiƒ 7YWY^e" fei YWcf[i_dei [ij|d 2#(2ĹŠ,#2#2ĔŊ2(ĹŠ2#ĹŠ i[‹WbÂŒ gk[ [bbei de ^Wd + ĹŠ#-31#% ĹŠ/.1ĹŠ i_Ze Yedi_Z[hWZei$ ÆJeZe [d YedjhW Z[ bW [djh[]W o (-(!( 3(5 ĹŠ fk[Z[ ikY[Z[h$ OW i[ Ye# Z_Y[d gk[ jeZWl‡W \WbjWd !(4" " - Ä“ Yedi[diei$ deY[d bWi cWd_eXhWi [d bW <h[dj[ W bW de fh[i[d# 7iWcXb[WÇ" _dZ_YÂŒ$ HWj_Ă’YÂŒ gk[ ^Wo Wif[Y# jWY_ÂŒd Z[b fheo[Yje feh
fWhj[ Z[b C_d_ij[h_e Z[ "#ĹŠ'#!3;1# 2ĹŠ#2ĹŠ jei Yed bei gk[ de [ij|d 7]h_YkbjkhW CW]Wf " [ij_# + ĹŠ24/#1$(!(#ĹŠ3.3 +ĹŠ Z[ WYk[hZe" Yece bW h[Z_i# cWZW fWhW _d_Y_ei Z[b W‹e" "#ĹŠ+ 2ĹŠ4-(" "#2ĹŠ /1."4!3(5 2ēŊŊ jh_XkY_ÂŒd Z[ j_[hhWi o bWi bei YWcf[i_dei efjWh|d |h[Wi fhej[]_ZWi$
' $ ), -Ĺ‹ &#ð (Ĺ‹ Ĺ‹#& ! &Ĺ‹ &Ĺ‹, !& ' (.)Ĺ‹ Ĺ‹& Ĺ‹ 0 &#$ Ĺ‹ #*&)'6.# #%ĂŒ-ĹŠ+.2ĹŠ$4-!(.- 1(.2ĹŠ"#ĹŠ! 11#1 ĹŠ "(/+.,;3(! ĔŊ".2ĹŠ!.-5#-!(.-#2ĹŠ#23 Äą +#!#-ĹŠ04#ĹŠ24ĹŠ42.ĹŠ2# ĹŠ2¢+.ĹŠ.ă!( +ēŊ ;b fh[i_Z[dj[ Z[ bW 7ieY_WY_ÂŒd Z[ :_fbec|j_Yei Z[ 9Whh[hW Z[b I[hl_Y_e ;nj[h_eh 7:?F " <hWdY_iYe CWhj‡d[p" WdkdY_W gk[ [d bei fhÂŒn_cei Z‡Wi [b[# lWh|d kdW ieb_Y_jkZ \ehcWb Wb YWdY_bb[h" H_YWhZe FWj_‹e" fWhW gk[ i[ YedYh[j[d h[ikbjWZei ieXh[ bWi _dl[ij_]WY_ed[i jhWi [b [iY|dZWbe Z[ bW ĂˆdWhYelWb_# `WÉ gk[ jhWibWZÂŒ *& jed[bWZWi Z[ YeYW‡dW W ?jWb_W$ 7Z[c|i" Z[ gk[ [nfb_gk[ [b febƒc_Ye h[]bWc[dje fWhW [ij[ j_fe Z[ jhWibWZei$ Ä 4;-".ĹŠ.ă!( +(9 1;-ĹŠ#23#ĹŠ/#"(".Ä&#x;
JhWi YedeY[h bW Z[dkdY_W" bW 7:?F [n^ehjŒ Wb C_d_ijhe W gk[ W]ej[ jeZWi bWi fei_X_b_ZW# Z[i fWhW [dYedjhWh W Wkjeh[i" YŒcfb_Y[i o [dYkXh_Zeh[i o gk[ i[ Wfb_gk[ kd YWij_]e [`[cfbWh$ 7Z_Y_edWbc[dj[" [ijWcei fh[# fWhWdZe kd f[Z_Ze Z[ [nfb_# YWY_Œd WY[hYW Z[b h[]bWc[dje ieXh[ lWb_`W gk[ i[ [bWXehŒ [d (&''$ ;d bW 9WdY_bb[h‡W" ^Wo kd Z[iYedeY_c_[dje Z[b Z[h[Y^e _dj[hdWY_edWb" i[ Z[`Œ Z[ bWZe bW [nf[h_[dY_W Z_fbec|j_YW$
jei Z[b kie Z[ [ij[ i[hl_Y_e o ZW [nY[fY_ed[i$ ;b Whj‡Ykbe '* c[dY_edW [b kie Z[ bW lWb_`W [n# jhWehZ_dWh_W [d bW gk[ i[ fk[Z[ [dl_Wh cWj[h_Wb fheceY_edWb" jkh‡ij_Ye o Yehh[ifedZ[dY_W eĂ’Y_Wb$ Feh [`[cfbe" i_ i[ gk_[# h[ ^WY[h kdW [nfei_Y_ÂŒd [d kd fW‡i" i[ fk[Z[ bb[lWh iecXh[# hei" XebiWi Z[ YW\ƒ" YWYWe$$$ Ä 2ĹŠ+#% +Ä&#x;ĹŠ
De$ Kd h[]bWc[dje de fk[Z[ [ijWh ieXh[ bW b[o [YkWjeh_WdW" o f[eh ieXh[ bW 9edl[dY_ÂŒd Z[ L_[dW ieXh[ H[bWY_ed[i :_fbe# c|j_YWi Z[ '/,' o bW 9edl[dY_ÂŒd Z[ L_[dW ieXh[ H[bWY_ed[i 9ed# ikbWh[i Z[ '/,)" ZedZ[ i[ [if[Y_# Ă’YWd Yk|b[i ied bei ZeYkc[djei gk[ Z[X[d _h [d kdW lWb_`W$ 7bb‡ iÂŒbe Z[X[ _dYbk_hi[ ZeYkc[djei k eX`[jei Z[ kie eĂ’Y_Wb$ ;b h[]bW# c[dje [ij| [d YedjhWfei_Y_ÂŒd Z[ bWi Zei Yedl[dY_ed[i$ Ä #1.ĹŠ-.ĹŠ2#ĹŠ31 "4!#ĹŠ#-ĹŠ#+ĹŠ#)#1!(Äą !(.ĹŠ"#ĹŠ+ ĹŠ2. #1 -~ ĹŠ"#+ĹŠ/ ~2Ä&#x;ĹŠ
BWi Wkjeh_ZWZ[i Z[ bW 9WdY_bb[# h‡W [ _dYbkie [b fh[i_Z[dj[" HW# \W[b 9ehh[W" j_[d[d kd YedY[fje kd jWdje [hhWZe Z[ be gk[ i_]d_# Ä +ĹŠ1#%+ ,#-3.ĹŠ!1# ĹŠ242/(! !( 2Ä&#x;ĹŠ Ă’YW bW ieX[hWd‡W$ BW ieX[hWd‡W ;i[ [i [b fheXb[cW$ ;b (' Z[ de [i WXiebkjW" [i [b feZ[h Z[ del_[cXh[ Z[ (&''" W jhWlƒi Z[ Z[Y_i_ÂŒd Z[ kd fW‡i" f[he" Yece kd WYk[hZe c_d_ij[h_Wb" bW 9Wd# jeZe" j_[d[ b_c_jWY_ed[i$ I_ kd fW‡i \_hcW kd Yed# Y_bb[h‡W [bWXehÂŒ [b h[]bWc[dje$ 7bb‡" i[ [db_ijWd bei h[gk_i_# l[d_e _dj[hdWY_edWb #Yece
23#Ŋ/1. +#, Ŋ#5(Ĺ "#-!( Ŋ+ Ŋ"#2(-23(34Ĺ !(.- +(9 !(¢-Ŋ"#Ŋ+ Ŋ -!(++#1~ ēŊ .2Ŋ/4#23.2Ŋ !+ 5#2Ŋ-.Ŋ2.-Ŋ, -#) ".2Ŋ /.1Ŋ/#12.- 2Ŋ#"4! " 2Ŋ#-Ŋ + Ŋ! 11#1 Ŋ"(/+.,;3(! Ģē
2ĹŠ 43.1(" "#2ĹŠ"#ĹŠ+ ĹŠ -!(++#1~ ĹŠ#ĹŠ(-!+42.ĹŠ #+ĹŠ/1#2("#-3#ĔŊ $ #+ĹŠ .11# ĔŊ3(#-#-ĹŠ4-ĹŠ!.-!#/3.ĹŠ 4-ĹŠ3 -3.ĹŠ#11 ".ĹŠ"#ĹŠ+.ĹŠ04#ĹŠ 2(%-(ă! ĹŠ+ ĹŠ2. #1 -~ Ģē bW 9edl[dY_ÂŒd Z[ L_[dW# [i[ _dijhkc[dje Yedj_[d[ Z_ifei_# Y_ed[i gk[" W ik l[p" b_c_jWd bW ieX[hWd‡W Z[b fW‡i$ I_ kd ;ijWZe [i fWhj[ Z[ kd Yedl[d_e _dj[hdW# Y_edWb j_[d[ gk[ WYWjWhbe$ ;ij[ h[]bWc[dje [i _dl|b_Ze$ Ä 23#ĹŠĹŠ1#%+ ,#-3.ĹŠ/4".ĹŠ' #1ĹŠ ++ Äą - ".ĹŠ#+ĹŠ! ,(-.ĹŠ/ 1 ĹŠ#23#ĹŠ"#+(3.Ä&#x;ĹŠ
FeZh‡W i[h$$$ BWc[djWXb[c[dj[" [d [ij[ j[cW ^Wo YeiWi jWd eiYk# hWi [ _dY_[hjWi gk[ fk[Z[d ZWh bk]Wh W ckY^Wi [bkYkXhWY_ed[i$$$ F[he ^WY[h [bkYkXhWY_ed[i [i f[b_]heie fehgk[ i[ fk[Z[ YW[h [d [hheh[i" f[he ^Wo ^[Y^ei gk[ fk[Z[d bb[lWh W bW ikif_YWY_Wi$$$ Ä .1ĹŠ04_ĹŠ!1##ĹŠ423#"ĔŊ#-3.-!#2ĔŊ04#ĹŠ 2#ĹŠ'(9.ĹŠ#23#ĹŠ1#%+ ,#-3.Ä&#x;ĹŠ
De iƒ" [ie ^WXh‡W gk[ fh[]kdjWh# b[i W bWi Wkjeh_ZWZ[i$
Ä Â˘,.ĹŠ $#!3 ĹŠ ĹŠ+ ĹŠ(, %#-ĹŠ"#+ĹŠ/ ~2ĹŠ + ĹŠ"#-4-!( ĹŠ"#ĹŠ+ ĹŠÄĽ- 1!.5 +() ÄŚÄ&#x;ĹŠ
;b fW‡i gk[ZŒ cWdY^WZe" [d bei ik[bei o b[i_edWZe [d iki fh_dY_# f_ei X|i_Yei$
Ĉĉ
ēŊ 13~-#9ĹŠ1#/1#2#-3 ĹŠ ĹŠÄˆÄŒÄ‘ĹŠ#7/#13.2ĹŠ"#ĹŠ+ ĹŠ! 11#1 ĹŠ"(/+.,;3(! ēŊ #ĹŠ#++.2Ä”ĹŠÄˆÄ‡Ä‡ĹŠ/#13#-#!#-ĹŠ +ĹŠ2#15(!(.ĹŠ !3(5.ĹŠ8ĹŠÄŒÄ‘ĹŠ +ĹŠ2#15(!(.ĹŠ/ 2(5.Ä“
ƒ
&ŋ0)& 6( /(!/, "/ ŋ ). ŋ)., ŋ 0 4ŋ (#4
ĀĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
ă
ěŊ ;b lebY|d Jkd]khW^kW
h[]_ijhŒ Wo[h YkWjhe [nfbe# i_ed[i Z[ jWcW‹e ceZ[hWZe W ]hWdZ[ o [cWdŒ YebkcdWi Z[ Y[d_pW" i[]‘d _d\ehcŒ [b ?dij_jkje =[e\‡i_Ye Z[ bW ;i# Yk[bW Feb_jƒYd_YW$ I[]‘d [b ?dij_jkje" Z[i# Z[ bW deY^[ Z[b i|XWZe ^WijW Wo[h i[ h[]_ijhWhed YkWjhe [nfbei_ed[i Z[ jW# cW‹e ceZ[hWZe W ]hWdZ[" [d jWdje gk[ kdW [nfbe# i_Œd Z[ [ijW cW‹WdW ][# d[hŒ kdW YebkcdW Z[ [c_# i_Œd YWh]WZW Z[ Y[d_pW Z[ Wfhen_cWZWc[dj[ YkWjhe a_bŒc[jhei Z[ WbjkhW$ KdW feij[h_eh [nfbei_Œd fheZk`e kd YW‹edWpe gk[ [d Wb]kdei i[Yjeh[i eYWi_edŒ l_# XhWY_Œd Z[b ik[be o l[djWdWi$ $#!3.2
BW cW‹WdW Z[ Wo[h" kd l_]‡W Z[b feXbWZe Z[ 9ki‘W h[feh# jÂŒ bW fh[i[dY_W Z[ kd ÆZ[fÂŒi_# ĹŠ je YWb_[dj[ [d bW fWhj[ WbjW #ĹŠ' ĹŠ1#/.13 ".ĹŠ Z[ Z_Y^W pedW$ ! ~" ĹŠ"#ĹŠ!#-(9 ĹŠ #-ĹŠ+ ĹŠ9.- ĹŠ"#ĹŠ Feh bWi YW# '.%+.-342ĔŊ hWYj[h‡ij_YWi -9 -.ĔŊ .3(+.-#2ĹŠ8ĹŠ#-ĹŠ h[fehjWZWi" 4( 4%ĔŊ/1#!(2¢Ŋ i[ Wikc[ gk[ + ĹŠ$4#-3#ēŊ [ij[ Z[fÂŒi_je [i fheZkYje Z[ kd f[gk[‹e Ă“k`e f_heYb|i# j_Ye ][d[hWZe Yed kdW Z[ bWi [nfbei_ed[i h[]_ijhWZWi [d bW cW‹WdWÇ" WfkdjW [b _d\ehc[ Z[b ?dij_jkje$
ēŊ 2Ŋ!.,4-(" "#2Ŋ +#"  2Ŋ8 Ŋ-.Ŋ2#Ŋ2.1/1#-"#-Ŋ/.1Ŋ + Ŋ! ~" Ŋ"#Ŋ!#-(9 ēŊ
Ŋ 4 .ĔŊ#-Ŋ#+Ŋ/1.Ĺ !#2.ĔŊ.$1#!(Ĺ ,(#-3.2Ŋ#-Ŋ +%4Ĺ - 2Ŋ4-(5#12(" Ĺ "#2Ŋ"#Ŋ#7.-#1 Ĺ !(¢-Ŋ"#Ŋ, 3#1( 2Ŋ 2(Ŋ#+Ŋ +4,-.Ŋ . 3#-~ Ŋ4-Ŋ 4#-Ŋ 1#24+3 ".ēŊ
ĉÄ? ĹŠ ĹŠ2.-ĹŠ#5 +4 " 2ĹŠ#-ĹŠ #23#ĹŠ/1.!#2.ēŊ
ēŊ .2Ŋ)¢5#-#2Ŋ !4"(#1.-Ŋ"#2"#Ŋ+ 2ŊćđĖććŊ Ŋ+.2Ŋ1#!(-3.2Ŋ/ 1 Ŋ1#-"(1Ŋ#+Ŋ#7 ,#-ē
#ð /&. -ŋ (ŋ &ŋ 2 ' (ŋ ŋ 0 &/ #š(ŋ ŋ/(#0 ,-# -ŋĒ ē +%4-.2Ŋ!'(!.2Ŋ-.Ŋ !.-23 -Ŋ#-Ŋ+ 2Ŋ +(23 2ēŊ 31.2Ŋ-.Ŋ ++#5 1.-Ŋ24Ŋ!_"4+ Ŋ "#Ŋ("#-3(" "ē
Bei [ijkZ_Wdj[i Z[b ‘bj_ce W‹e Z[ bWi kd_l[hi_ZWZ[i Z[ YWj[]e# h‡W ; e gk_[d[i j[d‡Wd WfheXWZe ^WijW [b .& Z[ YhƒZ_jei h_dZ_[# hed Wo[h bW [lWbkWY_ÂŒd Z[ Yec# f[j[dY_Wi ][d[hWb[i o [if[Y‡ÒYWi _cfb[c[djWZe feh [b 9[WWY[i 9edi[`e Z[ ;lWbkWY_ÂŒd" 7Yh[# Z_jWY_ÂŒd o 7i[]khWc_[dje Z[ bW 9Wb_ZWZ Z[ ;ZkYWY_ÂŒd Ikf[h_eh Yed [b Ă’d Z[ c[Z_h bW YWb_ZWZ [ZkYWj_lW Z[ bWi (, _dij_jkY_ed[i [lWbkWZWi$ I_d [cXWh]e" [d Wb]kdei h[# Y_djei i[ fh[i[djWhed Wb]kdei _dYedl[d_[dj[i fehgk[ bei `ÂŒl[# d[i de fh[i[djWhed ik YƒZkbW" bb[]Whed jWhZ[ e de YedijWXWd [d bW b_ijW eĂ’Y_Wb$ ;b j_jkbWh Z[ bW [d# j_ZWZ eh]Wd_pWZehW" =k_bbWkc[ Bed]" Z[ijWYÂŒ gk[ [ij[ ‘bj_ce _dYedl[d_[dj[ i[ Z_e fehgk[ bWi kd_l[hi_ZWZ[i de [djh[]Whed bWi
b_ijWi fh[Y_iWi Z[ bei [ijkZ_Wd# -!.-5#-(#-3#2 j[i$ Æ;n_ij_ÂŒ \WbjW Z[ YWb_ZWZ [d CWohW IWbWi" [ijkZ_Wdj[ Z[ ‘b# bW _d\ehcWY_ÂŒd fhefehY_edWZW j_ce W‹e Z[ 7Zc_d_ijhWY_ÂŒd Z[ feh bWi _dij_jkY_ed[i$ >kXe bW Kd_l[hi_ZWZ C[jhefeb_jWdW" Wb]kdWi gk[ ^WijW [b i|XWZe Z_`e gk[ [d [b fh_c[h b_ijWZe gk[h‡Wd YWcX_Wh bWi b_ijWi gk[ fkXb_YWZe feh [b 9[WWY[i [bbW i‡ YedijWXW f[he [d [b Z[Ă’d_# [djh[]Whed _d_Y_Wbc[dj[Ç$ Bed] i[‹WbÂŒ gk[ fWhW ik# j_le oW de$ Æ;dl_ƒ c_ ieb_Y_jkZ f[hWh [ijei [hheh[i o ]WhWdj_# fWhW Z[Y_h gk[ de YedijWXW [d pWh gk[ bei `ÂŒl[d[i i[ fk[ZWd bWi b_ijWi" i_d [cXWh]e" bb[]kƒ WYe][h Wb fbWd Z[ Yed# Wb h[Y_dje fWhW gk[ c[ Z_[hWd kd Y[hj_Ă’YWZe Z[ j_][dY_W i[ b[i [djh[]ÂŒ ĹŠ Wi_ij[dY_WÇ$ kd Y[hj_Ă’YWZe Z[ fh[# :_WdW F_bbW`e" Wbkc# i[djWY_ÂŒd$
.2ĹŠ1#24+3 ".2ĹŠ "#ĹŠ+.2ĹŠ#7;,#-#2ĹŠ dW Z[ bW Kd_l[hi_ZWZ 2#1;-ĹŠ#-31#% Äą Feb_jƒYd_YW @Wl[h_WdW" -4-!(.2 ".2ĹŠ#-ĹŠ4- ĹŠ Bei h[ikbjWZei Z[ bei 2#, - ēŊ de bb[lÂŒ ik YƒZkbW fWhW [n|c[d[i i[h|d [d# fh[i[djWhi[ Wb [nWc[d jh[]WZei W bei [ijkZ_Wdj[i bW oW gk[ [b l_[hd[i bW f[hZ_ÂŒ$ 7 fhÂŒn_cW i[cWdW$ Gk_[d[i eX# f[iWh Z[ [bbe" Z_e bW [lWbkWY_ÂŒd j[d]Wd kdW Xk[dW YWb_Ă’YWY_ÂŒd fh[i[djWdZe bW Yef_W Z[ ik b_# h[Y_X_h|d kd Y[hj_Ă’YWZe Z[ YW# Y[dY_W Z[ YedZkYY_ÂŒd$ Æ7 Xk[# b_ZWZ feh fWhj[ Z[b 9[WWY[i$ BW dW ^ehW c[ f[hc_j_[hed ZWh [b [djh[]W Z[ bW YWb_Ă’YWY_ÂŒd i[h| [nWc[d e i_ de c[ gk[ZWXW i_d l‡W Yehh[e [b[YjhÂŒd_Ye o jWc# [djhWh Wb FbWd Z[ 9edj_d][dY_W [d [b YWie gk[ c_ kd_l[hi_ZWZ X_ƒd Z[ cWd[hW \‡i_YW$ ÆBei h[ikbjWZei eXj[d_Zei i[ Y_[hh[Ç$ BW `el[d" gk_[d YkhiW [b dei WokZWh|d W jecWh kdW Z[# Y_i_ÂŒd ieXh[ [b Y_[hh[ e de Z[ bWi eYjWle i[c[ijh[ Z[ ?d][d_[h‡W kd_l[hi_ZWZ[i Z[ YWj[]eh‡W ;Ç" 9ec[hY_Wb" h[Y_X_ÂŒ YWfWY_jW# hWj_Ă’YÂŒ Bed]$ 7 bW l[p gk[ cWd_# Y_ÂŒd ZkhWdj[ Zei Ă’d[i Z[ i[# \[ijÂŒ gk[ ^WXh| kd _d\ehc[ feh cWdW [d ik kd_l[hi_ZWZ feh kd_l[hi_ZWZ o feh YWhh[hW$ c|i Z[ )& ^ehWi$
#˜)-Ĺ‹3Ĺ‹$š0 ( -Ĺ‹- Ĺ‹ &#-. (Ĺ‹* , Ĺ‹ &#'*# -Ĺ‹ Ĺ‹ . '6.# -Ĺ‹ BW IeY_[ZWZ ;YkWjeh_WdW Z[ ;b ikXi[Yh[jWh_e Z[ 9_[dY_W o CWj[c|j_YWi I[Z[c `kdje Yed J[Ydebe]‡W" >ƒYjeh HeZh‡]k[p" bW I[Yh[jWh‡W DWY_edWb c[dY_edÂŒ gk[ kde Z[ bei Z[ ;ZkYWY_ÂŒd Ikf[h_eh ĹŠ fh[c_ei fWhW bW YWj[]eh‡W 9_[dY_W o J[Ydebe]‡W I[# `kl[d_b i[h| kdW X[YW Z[ d[iYoj eh]Wd_pWd W d_l[b 2ĹŠ(-2!1(/!(.Äą [nY[b[dY_W" bW d_l[bWY_ÂŒd dWY_edWb bW ?N [Z_Y_ÂŒd Z[ -#2ĹŠ2#ĹŠ1#!#/3 Äą Z[ _Z_ecWi" Z[ i[h d[Y[iW# 1;-ĹŠ' 23 ĹŠ#+ĹŠÄ?ĹŠ"#ĹŠ bWi Eb_cf_WZWi Z[ CWj[# 1(+ĹŠ ĹŠ31 5_2ĹŠ"#ĹŠ h_e" o bW YWfWY_jWY_ÂŒd fWhW ZWh bWi fhk[XWi Z[ Wfj_# c|j_YWi [d Zei YWj[]eh‡Wi + ĹŠ/;%(- ĹŠ666Ä“ 2#-#2!83Ä“%. Ä“#!ĹŠ _d\Wdj_b o `kl[d_b$ jkZ$ .ĹŠ"#ĹŠ+ ĹŠ #"#,ĹŠ @Wl_[h L_lWdYe" [ijk# ;d YWZW [jWfW Z[ bW Yec# 666Ä“2#"#,Ä“ .1%Ä“#! f[j[dY_W YbWi_Ă’YWjeh_W o Ă’# Z_Wdj[ Z[b 9eb[]_e C[`‡W" _dZ_YÂŒ gk[ [ijWi X[YWi Z[ dWb bWi fhk[XWi Yedi_ij_h|d [d i_[j[ fh[]kdjWi h[bWY_edWZWi [nY[b[dY_W ied kd _dY[dj_le fWhW Yed bWi |h[Wi Z[ ][ec[jh‡W" Wh_j# bei `ÂŒl[d[i$ Æ9WZW Z‡W Z[X[cei jhWjWh Z[ i[h c|i Yecf[j_j_lei" cƒj_YW" |b][XhW o YecX_dWjeh_W$
¥ ēŊ .2Ŋ)¢5#-#2Ŋ8 Ŋ/1#/ 1 -Ŋ242Ŋ"#231#9 2Ŋ#-Ŋ#23 Ŋ, 3#1( ēŊ
ckY^Wi l[Y[i bWi cWj[c|j_YWi Y_[dY_W gk[ [ijWi dei i_hl[d ied WXehh[Y_ZWi feh ckY^ei fWhW kd c[`eh Z[i[cf[‹e `ÂŒl[d[i f[he de jecWd Yed# c[djWbÇ" Yec[djÂŒ$
?d\ehcWY_ÂŒd0 BW YebkcdW ĂˆFh[]‘djWb[ Wb 9ÂŒdikbÉ" gk[ fkXb_YW Z_Wh_e BW >ehW [i kd i[hl_Y_e c[Z_Wdj[ [b YkWb bW Yeckd_ZWZ fk[Z[ h[Y_X_h h[i# fk[ijWi W iki _dgk_[jkZ[i e cWoeh _d\ehcWY_ÂŒd ieXh[ bei jh|c_j[i o i[hl_Y_ei gk[ fk[# Z[d h[Wb_pWh [d [b 9edikbWZe Z[ ;ijWZei Kd_Zei [d Gk_je o =kWoWgk_b$ FWhW [dl_Wh iki fh[]kdjWi feh \Wleh Z_h_]_hi[ W0 Fh[]kdjW9edikb6ijWj[$ ]el C_ [ifeiW" c_i ^_`ei o oe j[d[cei l_iWi fWhW ;;$KK$ Yed Z_\[h[dj[i \[Y^Wi Z[ [nf_hWY_ÂŒd$ 7Z_Y_edWbc[d# j[" jeZei iWYWcei dk[lei fWiWfehj[i Z[ jWb cWd[hW gk[ W^ehW Z[X[cei l_W`Wh Yed dk[ijhei fWiWfehj[i Wdj_]kei Yed bW l_iW o bei dk[lei$ FWhW i_cfb_Ă’YWh dk[ijhW l_ZW" Âľfk[Ze bb[# lWh bei fWiWfehj[i dk[lei fWhW gk[ i[ jhWdi\_[hWd bWi l_iWi o Wb c_ice j_[cfe YWcX_Wh bWi \[Y^Wi Z[ [nf_# hWY_ÂŒd fWhW gk[ jeZWi i[Wd _]kWb[i5 BWc[djWXb[c[dj[" kdW l_iW de fk[Z[ jhWdi\[h_hi[ Z[ kd fWiWfehj[ W ejhe o jWcfeYe feZ[cei h[_cfh_c_h kdW l_iW fWhW gk[ Ye_dY_ZWd bWi \[Y^Wi Z[ [nf_hWY_ÂŒd Z[ jeZW bW \Wc_b_W$ 9ece c[Z_ZW Z[ fh[l[dY_ÂŒd YedjhW [b \hWkZ[" bWi l_iWi _dZ_l_ZkWb[i i[ l_d# YkbWd W d‘c[hei [if[Y‡ÒYei Z[ fWiWfehj[ [d bW XWi[ Z[ ZWjei YedikbWh[i o" feh [ijW hWpÂŒd" de fk[Z[d jhWdi\[h_h# i[ [djh[ fWiWfehj[i$ JWcX_ƒd feh hWped[i Z[ fh[l[dY_ÂŒd Z[b \hWkZ[" kdW l[p gk[ i[ _cfh_c[ kdW l_iW" de fk[Z[ YWcX_Whi[ bW _d\ehcWY_ÂŒd d_ bW \[Y^W Z[ [nf_hWY_ÂŒd$ ;ije Z[`W Zei efY_ed[i fWhW kij[Z o ik \Wc_b_W o ied bWi ‘d_YWi W jecWh [d Yk[djW [d [ij[ YWie$ BW fh_c[hW [i Yedj_dkWh l_W`WdZe Yed bei Zei `k[]ei Z[ fWiWfehj[i o cWdj[d[h kd h[]_ijhe Z[ bWi Z_\[h[dj[i \[Y^Wi Z[ [nf_hWY_ÂŒd$ BW i[# ]kdZW efY_ÂŒd [i gk[ kij[Z o ik \Wc_b_W ieb_Y_j[d dk[lWi l_iWi$ De j_[d[ gk[ [if[hWh fWhW gk[ iki l_iWi fh[l_Wi [nf_h[d fWhW ^WY[hbe$ I_ ki# j[Z o ik \Wc_b_W h[Y_X[d l_iWi [b c_ice Z‡W" i[ _cfh_c_h|d Yed bW c_icW \[Y^W Z[ [nf_# hWY_ÂŒd [d iki dk[lei fWiW# fehj[i$ I_ Z[Y_Z[d ^WY[hbe feh \Wleh l_i_j[ ^jjf0%%kil_# iW#_d\e$Yec% fWhW _d_Y_Wh [b fheY[ie Z[ ieb_Y_jkZ$ Bei fW# iei ied bei c_icei gk[ fWhW ik l_iW Wdj[h_eh$
ƒ ą
ĀĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
(1#!3(5.2ĹŠ"#+ĹŠ ĹŠ 5#-ĹŠÄĽ!.2 2ĹŠ#731 Äą  2ČēŊ #ĹŠ4-ĹŠ2.+.ĹŠ -ĂŒ,#1.ĹŠ#-31 1.-ĹŠĹŠ Ä?ÄŠÄŽĹŠ++ , " 2ēŊ
-ŋ+/ $ -ŋ )(ŋ& ŋĒ(/ 0 ēŋ (., &ŋ. & š(# ŋ &ŋ
Z_e Z[ _d\hW[ijhkYjkhW" [gk_fei o i_ij[cW$ ÆDe [i fei_Xb[ gk[ ^WoW [d# jhWZe [d ef[hWY_ÂŒd bW dk[lW Y[djhWb j[b[\ÂŒd_YW i_d gk[ Yk[dj[ Yed bei [gk_fei d[Y[iWh_ei d_ [b jWb[dje ^kcWde WZ[YkWZe fWhW :[ifkƒi Z[ bbWcWh _di_ij[dj[# bW Wj[dY_ÂŒdÇ" Z_`e$ 7 bW l[p" c[dY_edÂŒ c[dj[ feh kdW i[cWdW Wb gk[ fWhW gk[ [b i[hl_Y_e '*&" d‘c[he Z[ bW Y[djhWb ĹŠ i[W [Ă’Y_[dj[ Z[X[ YkXh_h j[b[\ÂŒd_YW Z[b ?dij_jkje W bei Y[hYW Z[ ( c_bbed[i ;YkWjeh_Wde Z[ I[]kh_ZWZ IeY_Wb ?;II " WZc_d_ijhW# ĹŠ 2(23#-!( ĹŠ ,_"(! ĹŠ#2ĹŠ 3#-Äą o c[Z_e Z[ WĂ’b_WZei$ Æ;b WYjkWb i_ij[cW iÂŒbe [ij| ZW h[Y_[dj[c[dj[ feh bW "(" ĹŠ/.1ĹŠ#234Äą [cfh[iW H[YWfj" xZ_ied "( -3#2ĹŠ"#ĹŠ3#1!#1ĹŠ  .ĹŠ"#ĹŠ,#"(!(- ēŊ YkXh_[dZe Wb )& Z[ bei W\_b_WZei W bW i[]kh_ZWZ B_cW" `kX_bWZe" eXjkle ieY_WbÇ" c[dY_edÂŒ$ Wo[h kdW Y_jW fWhW [b |h[W BebW CWdY^[de jWc# Z[ d[kcebe]‡W [d [b Z_i# ĹŠ f[diWh_e Z[ ;b 8Wj|d$ X_ƒd i[ gk[`ÂŒ feh bW Wj[d# B_cW" gk_[d [i [b fh[# Y_ÂŒd$ ÆI_ Wdj[i [hW _cfe# 3#-#1ĹŠ4- ĹŠ i_Z[dj[ Z[b <h[dj[ feh bW 1 ĹŠ. i_Xb[ jecWh kdW Y_jW" [b !(3 ĹŠ/4#"#ĹŠ++ Äą :_]d_ZWZ Z[ bei @kX_bW# , 1ĹŠ +ĹŠÄˆÄŒÄ‡ĹŠ.ĹŠ fheXb[cW Yed bW dk[lW ÄˆÄ‘Ä‡Ä‡ĹŠÄˆÄ‡Ä‡ĹŠÄ‡Ä‡Ä‡Ä“ĹŠ Zei" _dZ_YÂŒ gk[ [b ?;II 1 ĹŠ 2(23#-!( ĹŠ Y[djhWb j[b[\ÂŒd_YW i[ W]k# [i [b h[ifediWXb[ Z[b cWb ,_"(! ĹŠ +ĹŠÄˆÄ?Ĉē Z_pÂŒ$ BW bbWcWZW de iWb[ e ^Wo gk[ [if[hWh [d '& i[hl_Y_e gk[ ^Wd ZWZe bWi [cfh[iWi ef[hWZehWi" ÆoW e '+ c_dkjei fWhW gk[ b[ gk[ bei YedjhWjei h[Wb_pWZei feh Wj_[dZWd o Ă’dWbc[dj[ b[ Z_]Wd bW [dj_ZWZ WZeb[Y[d Z[ kdW Wi[# gk[" feh [b cec[dje" de ^Wo Y_jW ieh‡W jƒYd_YWÇ [d YkWdje Wb [ijk# fWhW [b [if[Y_Wb_ijWÇ" Yec[djÂŒ$
#).1 Ŋ+ Ŋ 3#-!(¢-Ŋ
;b Z_h[Yjeh [`[Ykj_le Z[b ?;II" HWc_he =edp|b[p" c[dY_edÂŒ gk[ Yed [b YWcX_e Z[ bW WZc_# d_ijhWY_ÂŒd bWi bbWcWZWi i[ ^Wd _dYh[c[djWZe [d kd '+& $ I_d [cXWh]e" Z_`e gk[ ^Wo ÆWb]k_[d Z[jh|i Z[ bei _dYedl[d_[dj[i gk[ ^W h[]_ijhWZe bW Y[djhWb j[b[# \ÂŒd_YW$ :[ kd iÂŒbe d‘c[he jkl_# cei ,)+ bbWcWZWi" [ie [ijWcei Wl[h_]kWdZeÇ" i[‹WbÂŒ$ =edp|b[p jWcX_ƒd Z_`e gk[ [d bei fhÂŒn_# cei Z‡Wi bei _dYedl[d_[dj[i i[# h|d ikf[hWZei$ ;b Z_h[Yjeh WZ`kdje Z[b fhe# o[Yje ?;II#H[YWfj" <[hdWdZe 9ebkd]W" h[YedeY_ÂŒ gk[ [b \kd# Y_edWc_[dje W‘d de [i [b gk[ [if[hWh‡Wd$ I_d [cXWh]e" cWd_# \[ijÂŒ gk[ Wb]kdei Z[ bei _dYed# l[d_[dj[i i[ ZWd iebWc[dj[ [d ^ehWi f_Ye$ ÆI[ ^Wh|d bei W`kij[i d[Y[# iWh_ei o fhedje [ijWh[cei Yec# fb[jWc[dj[ ef[hWj_lei$ ;ijWcei Zkfb_YWdZe bWi b‡d[Wi Z[ WYY[ie W ,&& [d Gk_je o [d =kWoWgk_b W *&&Ç" Yec[djÂŒ$
ēŊ .2Ŋ /.13 -3#2Ŋ Ŋ+ Ŋ2#%41(" "Ŋ2.!( +Ŋ-.Ŋ#23;-Ŋ!.-$.1,#2Ŋ!.-Ŋ#+Ŋ 2#15(!(.ē
/ (. Ĺ‹ #& 3Ĺ‹/(#,6Ĺ‹& 0v Ĺ‹ " & Äš / 3 +/#&
ĹŠ ěŊ ĹŠ 7 fWhj_h Z[b c[# [d Z_h[YY_ÂŒd YedjhWh_W$ Z_eZ‡W Z[ ^eo" i[ [if[hW gk[ i[ ^WX_b_j[ [b fk[dj[ XW_b[o ieXh[ 7/+(! !(.-#2 [b h‡e 8WbWe" [d bW l‡W CWY^WbW# NWl_[h =edp|b[p" `[\[ Z[b Z[i# =kWoWgk_b$ jWYWc[dje Z[ bW 9ec_i_ÂŒd Z[ 7o[h" bei jhWXW`WZeh[i bWXehW# Jh|di_je Z[b ;YkWZeh 9J; Z[ hed _dYbkie [d ^ehWi Z[ bW deY^[ DWhWd`Wb" Z_`e gk[ [ie eXb_]Wh| W [d ik YedijhkYY_ÂŒd fWhW ^WX_b_jWh gk[ [b f[hiedWb W ik YWh]e bWXeh[ f[hcWd[dj[c[dj[ fWhW [b fWie Z[ bei Wkjecejeh[i gk[" c_[djhWi" j_[d[d gk[ ĹŠ eh]Wd_pWh [b jh|di_je" [l_jWh Yed][ij_ed[i o WYY_Z[dj[i$ kj_b_pWh bW l‡W IWd 9Whbei# 8WbWe# J[d]k[b Yece Wb# ;b fk[dj[ Z[ Y[c[d# j[hdWj_lW" Yed kd h[jhWie .2ĹŠ!.-"4!3.1#2ĹŠ je ieXh[ [b h‡e 8WbWe ^W# 04#ĹŠ5 8 -ĹŠ/.1ĹŠ Z[ )& W *+ c_dkjei o feh #23 ĹŠ5~ ĹŠ"# #1;-ĹŠ X‡W Y[Z_Ze Wdj[ bW Yh[# kdW YWhh[j[hW [d cWbWi #2/#1 1ĹŠ#+ĹŠ341-.ĔŊ Y_ZW Z[b h‡e o h[]_ijhW -.ĹŠ' !#1ĹŠ". +#ĹŠ '(+#1 ĹŠ8ĹŠ1#2/#3 1ĹŠ kd ^kdZ_c_[dje Z[ .& YedZ_Y_ed[i$ + 2ĹŠ2# +#2ĹŠ04#ĹŠ ;b dk[le fk[dj[ !.+.! 1;-ĹŠ/ 1 ĹŠ Y[dj‡c[jhei [d bW fWhj[ c[j|b_Ye [i Z[ kd iebe "(1(%(1ĹŠ#+ĹŠ31;-2(3.Ä“ Y[djhWb" [ijWdZe W fkdje YWhh_b" feh be gk[ bei l[# Z[ YebWfiWh" feh be gk[ i[ ^_pe d[Y[iWh_e YebeYWh bW ^‡Ykbei gk[ Y_hYkbWd [d kd i[dj_Ze j[dZh|d gk[ [if[# dk[lW [ijhkYjkhW" fWhW [l_jWh hWh gk[ fWi[d bei gk[ l_[d[d Z[i]hWY_Wi$
#(.)-Ĺ‹3Ĺ‹* ,,)+/# -Ĺ‹ Ĺ‹ / 3 -Ĺ‹ -.6(Ĺ‹ $)Ĺ‹ &Ĺ‹ !/ ĹŠ ěŊ ;b fWdehWcW [d i[Yjeh[i Z[ =kWoWi i_]k[ Yec# fb_YWZe feh bWi _dj[diWi bbkl_Wi Z[ bWi ‘bj_cWi i[cWdWi$ BWi fh[Y_f_jWY_ed[i ieXh[ bWi pedWi hkhWb[i Z[ OW]kWY^_ o 9eb_c[i Z[`Whed ZW‹ei Yedi_Z[hWXb[i [d bei Ykbj_lei o bei ^WX_jWdj[i [d h[Y_djei Z[ IWb_jh[ j_[d[d gk[ cel_b_pWhi[ [d YWdeWi$ BW I[Yh[jWh‡W DWY_edWb Z[ =[ij_ÂŒd Z[ H_[i]ei ID=H _d# Z_YÂŒ gk[ bWi beYWb_ZWZ[i Z[ IWd 7djed_e o IWd CWj[e j[hc_dW#
hed XW`e [b W]kW feh [b Z[iXeh# ZWc_[dje Z[b h‡e 8kbkXkbk" Yed W\[YjWY_ed[i fWhW kdW l[_dj[dW Z[ \Wc_b_Wi$ ;ij[ Ă’d Z[ i[cWdW" [b 9ed# Y[`e Ckd_Y_fWb Z[ :kh|d Z[# YbWhÂŒ bW [c[h][dY_W o ik WbYWb# Z[" :Wbjed DWhl|[p" i[‹WbÂŒ gk[ bW c[Z_ZW f[hc_j_h| b_X[hWh \edZei fWhW feZ[h Wi_ij_h W bWi Yeef[hWj_lWi _dkdZWZWi$ :khWdj[ bei ‘bj_cei Z‡Wi i[ [djh[]Whed ((- cÂŒZkbei Z[ Wb_# c[djei o Z[ Wi[e f[hiedWb$
-Ĺ‹'/$ , -Ĺ‹ *,)*)( (Ĺ‹ , ),' Ĺ‹ $/ # # &
ĀĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
Ć
YWiei Z[ Ă“W]hWdY_W$ I[ i[‹WbW jWcX_ƒd gk[ [ijei BW <kdZWY_ÂŒd ;igk[b o [b Ăˆ9eb[Y# ZWjei ^Wd i_Ze WdWb_pWZei [d h[# j_le DeiejhWiÉ fki_[hed [d cWdei bWY_ÂŒd W bW feXbWY_ÂŒd Z[ bei YWd# Z[b Ă’iYWb ][d[hWb" =Wbe 9^_h_Xe]W" jed[i ZedZ[ [n_ij[d Yec_iWh‡Wi" o ejhWi Wkjeh_ZWZ[i" bW W][dZW eXj[d_ƒdZei[ kdW c[Z_W Z[b ' fWhW bW h[\ehcW `kZ_Y_Wb Z[iZ[ bWi Z[ bW feXbWY_ÂŒd gk[ Z[dkdY_W ck`[h[i" gk[ j_[d[ Yece eX`[j_le" WYjei Z[ l_eb[dY_W _djhW\Wc_b_Wh$ 7Z_Y_edWbc[dj[" Z[ */* Æ[b_c_dWh [b i_ij[cW fWjh_Wh# YWiei Z[ jhWjW o [nfbe# YWb Z[b YkWb de [ij| [n[dje [b ĹŠ i_ij[cW `kZ_Y_WbÇ$ jWY_ÂŒd YedeY_Zei feh bW ;d bW fhefk[ijW" [bWXe# <_iYWb‡W" iebe ') ^Wd i_Ze hWZW feh [ij[ Yeb[Yj_le Z[ ĹŠ/1./4#23 ĹŠ#2ĹŠ [\[Yj_lWc[dj[ iWdY_edW# ck`[h[i" i[ ^WY[ kd Xh[l[ #73#-2 ĹŠ8ĹŠ$4#ĹŠ1# Äą +(9 " ĹŠ/.1ĹŠ!.-.!(Äą Zei" be gk[ h[fh[i[djW c[dei Z[b ) " h[Ă“[`WdZe Z_W]dÂŒij_Ye Z[ bW i_jkWY_ÂŒd " 2ĹŠ !3.1 2ĹŠ o i[ Y_jW" feh [`[cfbe" gk[ 2.!( +#2ĹŠ!.,.ĹŠ .+.1#2ĹŠ "(++ ĔŊŊ kde Z[ bei c|i Wbjei ‡dZ_# feh l_eb[dY_W \‡i_YW o fi_# 1% 1(3 ĹŠ Y[i Z[ _cfkd_ZWZ$ 11 -!.ĔŊ YebÂŒ]_YW" [d (&&/ i[ fh[# +#7 -"1 ĹŠ i[djWhed -($.*. Z[dkd# .-! " ĹŠ8ĹŠ ;2ĹŠ! 2.2 .+ -" ĹŠ .8#2Ä“ JWcX_ƒd i[ Z[dkdY_W gk[ Y_Wi Wdj[ bWi Yec_iWh‡Wi Z[ bW ck`[h o bW \Wc_b_W o" i_# [n_ij[d Y[djhei Z[ jehjk# ]k_[dZe bW fheo[YY_ÂŒd Z[ [d[he hW [if[Y_Wb_pWZei [d YWcX_Wh bW W i[fj_[cXh[" ZkhWdj[ [b (&'&" [b eh_[djWY_ÂŒd [ _Z[dj_ZWZ i[nkWb$ d‘c[he Z[ Z[dkdY_Wi ikf[hWXW I[ YWbYkbW gk[ [n_ij[d c|i Z[ bWi /&$&&&$ )&& o iÂŒbe )& j_[d[d f[hc_iei I[ W]h[]W gk[ [d [iei W‹ei" Z[ \kdY_edWc_[dje$ >WijW bW \[# [b fhec[Z_e Z[ h[iebkY_ÂŒd de Y^W" de ^Wo kdW iebW iWdY_ÂŒd feh ikf[hÂŒ [b '* o bW c_jWZ Z[ [iWi bWi l_ebWY_ed[i gk[ i[ Yec[j[d h[iebkY_ed[i eX[Z[Y_[hed W bei [d [iei Y[djhei$ ^ ēŊ +ĹŠ#7,(-(231.ĹŠ1#ĂŒ-#ĹŠ5 1(.2ĹŠ)4(!(.2ĹŠ#-ĹŠ24ĹŠ!.-31 ēŊ
Ē &ŋ* .,#')(#)ŋ ŋ Ä&ŋ ,,#š(ŋ()ŋ , #šēĆŋ )(., &),v
4Ŋ(-$.1,#Ŋ1#5#+ Ŋ + Ŋ$ +3 Ŋ"#Ŋ!.+ .Ĺ 1 !(¢-Ŋ"#Ŋ+ Ŋ (2! +~ Ŋ 8Ŋ#+Ŋ .-2#/Ŋ/ 1 Ŋ " 1Ŋ(-$.1, !(¢-ēŊ
(2! +ĹŠ2#ĹŠ!.,/1.,#3#ĹŠ ĹŠ31 ) 1ĹŠ!.-ĹŠ#23.2ĹŠ%14/.2 ĹŠ +ĹŠÄƒ2! +ĹŠ%#-#1 +ĔŊ +.ĹŠ '(1( .% ĔŊ2#ĹŠ!.,/1.,#3(¢Ŋ!.-ĹŠ#23#ĹŠ!.+#!3(5.ĹŠ"#ĹŠ,4)#1#2ĹŠ Ĺ— ĹŠ1# +(9 1ĹŠ4-ĹŠ3 ++#1ĹŠ"#ĹŠ31 ).ĔŊ#-ĹŠ#+ĹŠ04#ĹŠ2#ĹŠ/4#" -ĹŠ!.-!1#3 1ĹŠ+.2ĹŠ/#"(".2ĹŠ#2/#!~ÄƒÄą !.2ēŊ +ĹŠ$4-!(.- 1(.ĹŠ ",(3(¢Ŋ04#ĹŠ+ ĹŠ (2! +~ ĹŠ#23;ĹŠ4-ĹŠ3 -3.ĹŠ+#) - ĹŠ"#ĹŠ+ ĹŠ/1. +#,;3(! ĹŠ "#ĹŠ+ 2ĹŠ,4)#1#2ĹŠ8ĹŠ#2ĔŊ "#,;2ĔŊ"#ă!(#-3#ĹŠ#-ĹŠ24ĹŠ31 ).ĹŠ1#2/#!3.ĹŠ"#ĹŠ#23#ĹŠ3#, Ä“ #1.ĔŊ/4-34 +(9¢Ŋ04#ĹŠ2#ĹŠ' ĹŠ! ~".ĹŠ#-ĹŠ4-ĹŠ"(2!412.ĹŠ"#2"#ĹŠ#+ĹŠ/4-3.ĹŠ"#ĹŠ5(23 ĹŠ"#ĹŠ+ ĹŠ #04(" "ĹŠ8ĹŠ+ ĹŠ)423(!( ĹŠ#04(5.! ".ēŊ
42ĹŠ(-%1#2.2ĹŠ
-Ŋ".2Ŋ  .2Ŋ"#Ŋ%#23(¢-Ŋĸ Ě .-!#/3.Ŋ #,4-#1 !(.-#2ŊŊ .-.2Ŋ"#Ŋ1#2("#-!( Ŋ (;3(!.2Ŋ .3 +Ŋ
ĉććÄ?ĹŠ ČČēÄ?ÄŽÄŽĹŠ ÄŽÄ“Ä?ĎćŊ ÄˆÄ’Ä“Ä’Ä‰Ä‰ĹŠ Ä?ćēĊĉÄ?ĹŠ
I[]‘d kd _d\ehc[ h[Wb_pWZe feh bW 9edjhWbeh‡W" [b Yk[ij_edWZe [YedÂŒc_Yei$ [nc_d_ijhe Z[b :[fehj[" HW‘b ;if[Y‡\_YWc[dj[" i[ ieb_# 9Whh_ÂŒd" de [l_Z[dY_ÂŒ kd _dYh[# Y_jÂŒ Wb :_h[Yjeh Z[ ?dl[ij_]W# c[dje _d`kij_Ă’YWZe [d ik Y_ed[i Z[ bW <_iYWb‡W o Wb fWjh_ced_e c_[djhWi [i# :_h[Yjeh =[d[hWb Z[ bW K?<" h[if[Yj_lWc[dj[" jkle W YWh]e Z[ [iW Z[f[d# ĹŠ bW YebWXehWY_ÂŒd fWhW eX# Z[dY_W$ ;ij[ ZeYkc[dje i[ [c_j[ bk[]e Z[ kd Wd|b_i_i 11(¢-ĹŠ$4#ĹŠ j[d[h _d\ehcWY_ÂŒd Wdj[ [b =eX_[hde Z[ ;;$KK$ W bW Z[YbWhWY_ÂŒd `khWc[d# ,(-(231.ĹŠ#-31#ĹŠ#+ĹŠ ÄˆÄŽĹŠ"#ĹŠ#-#1.ĹŠ"#ĹŠ h[if[Yje W _dck[Xb[i o jWZW Z[b [n\kdY_edWh_e$ ĉććÄ?ĹŠ8ĹŠ#+ŊĉŊ"#ĹŠ 1#ĹŠ"#ĹŠ cel_c_[djei Z[ Yk[djWi De eXijWdj[" [b _d\eh# "(!(#, ĉććđē XWdYWh_Wi gk[ feZh‡W fe# c[ jWcX_ƒd Z[jWbbW gk[ [b 9edi[`e DWY_edWb Z[ i[[h 9Whh_ÂŒd [d [i[ fW‡i$ 9edjheb Z[ IkijWdY_Wi ;ijkf[\W# BW K?< Yeckd_YÂŒ bW _cfei_X_# Y_[dj[i o Fi_YejhÂŒf_YWi 9edi[f b_ZWZ Z[ Wj[dZ[h [b f[Z_Ze$ de fhefehY_edÂŒ bW _d\ehcWY_ÂŒd ieb_Y_jWZW feh 9edjhWbeh‡W o jhWi# -%1#2.2ĹŠ!.'#1#-3#2 bWZÂŒ [b f[Z_Ze Z[ bW Kd_ZWZ Z[ ?]kWb i[ Z[jWbbW gk[ [b cel_# ?dj[b_][dY_W <_dWdY_[hW K?< " c_[dje XWdYWh_e Z[b [nc_d_i# [dj_ZWZ gk[ jWcfeYe Wj[dZ_ÂŒ [b jhe [d ik Yk[djW XWdYWh_W [i h[gk[h_c_[dje" be gk[ _cf_Z_ÂŒ Ye^[h[dj[ Yed bei _d]h[iei f[h# Z[j[hc_dWh i_ WZ_Y_edWbc[dj[ Y_X_Zei$ 7Z[c|i" ejhWi _dij_jk# W bW _d\ehcWY_ÂŒd ikc_d_ijhWZW Y_ed[i Z[b i_ij[cW Ă’dWdY_[he feh [b i_ij[cW Ă’dWdY_[he dWY_e# dWY_edWb de h[fehjWhed gk[ [b dWb [n_ij[d ejhei cel_c_[djei [n\kdY_edWh_e cWdj[d]W Yk[d#
ŊĉććđŊ ČČēĈÄ?ćŊ Ä?ēćććŊ Ä‰ÄŠÄ“ÄŠÄˆÄŒĹŠ Ä?ÄŠÄ“ÄŒÄ‘ÄŽĹŠ
.3 + đđēđĉÄ? ĈĈēÄ?Ďć ČĊēĉĊÄ? ĈČĊēđĈĉ
jWi WZ_Y_edWb[i W bW h[l[bWZW$ JWcfeYe i[ [l_Z[dY_ÂŒ gk[ ZkhWdj[ ik ][ij_ÂŒd ^WoW cWd# j[d_Ze _dl[hi_ed[i [d [b i_ij[cW Ă’dWdY_[he dWY_edWb o%e [d bWi [dj_ZWZ[i YedjhebWZWi feh bW Ik# f[h_dj[dZ[dY_W Z[ 9ecfW‹‡Wi$ ;d [b Yecfed[dj[ l[^‡Ykbei" i[ Z[j[hc_dÂŒ kd Z[Yh[c[dje feh ',$&&& ZÂŒbWh[i fheZkYje Z[ bW jhWdiWYY_ÂŒd Z[ l[djW Z[ kd Wkjecejeh" h[l[bWZe [d bW Z[YbWhWY_ÂŒd _d_Y_Wb$ H[if[Yje Z[ bei X_[d[i _d# ck[Xb[i Z[YbWhWZei" kde de i[ [dYk[djhW YWjWijhWZe W ik decXh[ [d ;ic[hWbZWi fehgk[ de i[ ^W ikiYh_je [b YedjhWje Z[Ă’d_j_le Z[ fhec[iW Z[ Yec# fhW#l[djW Y[b[XhWZe [d `kd_e Z[ (&&,1 jWcX_ƒd ^Wo Zei _d# ck[Xb[i iebWh[i WZ_Y_edWb[i de Z[YbWhWZei [d =kWoWi" f[he gk[ \k[hed WZgk_h_Zei Wdj[i Z[ i[h C_d_ijhe Z[ ;ijWZe$
ēŊ #"1.Ŋ #231#/.Ŋĸ/ "1#ĚŊ8Ŋ 1~ Ŋ #1- -" Ŋ #231#/.Ŋĸ'#1, - ĚŊ"#Ŋ+.2Ŋ ,#-.1#2Ŋ"#2 / 1#!(".2ē
(ŋÝÝŋ ˜)-ąŋßÿŋ / , )-Ĺ‹ (., Ĺ‹ / ),Ĺ‹3Ĺ‹& ŋŋ ŋŋ
Wb[]Wjei" [c_j[ kd _d\ehc[ Yed h[Yec[dZWY_ed[i Wb ;ijWZe$ ;ij[" W Ă’d Z[ ZWh Ykcfb_c_[d# je W [iWi h[Yec[dZWY_ed[i o h[fWhWh bWi l_ebWY_ed[i gk[ i[ ^WXh‡Wd fheZkY_Ze" fhefed[ bb[]Wh W kd WYk[hZe Wc_ijeie" gk[ [d eYWi_ed[i [i WY[fjWZe feh bWi l‡Yj_cWi$ FWhW gk[ YedYh[j[d bei WYk[h# Zei" bW 9?:> [ijWXb[Y[ lWh_ei fkd# jei gk[ [b ;ijWZe Z[X[ Yecfhec[# j[hi[ W Ykcfb_h Yed bW l‡Yj_cW$ ;djh[ [ijei0 h[YedeY[ ik h[i# fediWX_b_ZWZ _dj[hdWY_edWb feh ^WX[h jhWdi]h[Z_Ze bei Z[h[Y^ei ^kcWdei" Wikc_h bWi c[Z_ZWi h[# 1;,(3# KdW l[p gk[ kdW l‡Yj_cW fh[i[d# fWhWZehWi d[Y[iWh_Wi W Ă’d Z[ h[# jW kdW f[j_Y_ÂŒd [d bW 9?:> Yed# iWhY_h bei f[h`k_Y_ei eYWi_edWZei W Ybko[ [b fheY[ie o" jhWi WdWb_pWh bWi l‡Yj_cWi Z[ bWi l_ebWY_ed[i e [d bW Z[cWdZW" bWi fhk[XWi o bei ik Z[\[Yje W iki \Wc_b_Wh[i$ 9[hYW Z[ )É*/-$&&& ZÂŒbWh[i fW]ÂŒ [b ;ijWZe W bW 9ehj[ ?dj[hWc[# h_YWdW Z[ :[h[Y^ei >kcWdei 9?>: " Yece _dZ[cd_pWY_ed[i" \hkje Z[ WYk[hZei Yed l‡Yj_cWi Z[ WXkiei o l_ebWY_ed[i W iki Z[# h[Y^ei$ ;d bei ‘bj_cei '' W‹ei i[ Ă’hcWhed (+$ BW Z[iWfWh_Y_ÂŒd Z[ bei ^[hcW# dei 7dZhƒi o IWdj_W]e H[ijh[fe 7h_ic[dZ_ \k[ kde Z[ bei YWiei c|i [cXb[c|j_Yei gk[ bb[]ÂŒ W bW 9?:>" eh]Wd_ice Yed [b YkWb [b ;ijWZe [YkWjeh_Wde bb[]ÂŒ W kd WYk[hZe Wc_ijeie$
ć
ĀĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
$)3Ĺ‹*,)' . Ĺ‹ +/ Ĺ‹ -* ˜ Ĺ‹ /'*&#,6Ĺ‹-/-Ĺ‹ )'*,)'#-) Ă‹ ĔŊ ĹŠ Ä› ;b fh[i_Z[dj[ Z[b =eX_[hde [ifW‹eb" CWh_W# de HW`eo \eje " lebl_ÂŒ W e\h[Y[h Wo[h gk[ ;i# fW‹W Ykcfb_h| iki Yecfhec_# iei Yed ;khefW o Wi[]khÂŒ gk[ YedjhebWh [b ZÂƒĂ’# Y_j [i YecfWj_Xb[ Yed ÆZ[\[dZ[h [b i[dj_Ze Yec‘dÇ o bei _dj[h[i[i Z[ ;ifW‹W$ HW`eo i[ fhedkdY_ÂŒ Wi‡ [d bW beYWb_ZWZ [ifW‹ebW Z[ 7dZ‘`Wh ikh " ZedZ[ fhejW]ed_pÂŒ kd WYje Z[ bW fh[YWcfW‹W [b[YjehWb Z[ ik
\ehcWY_ÂŒd" [b Yedi[hlWZeh FWh# j_Ze FefkbWh FF " fWhW bWi [b[Y# Y_ed[i [d bW h[]_ÂŒd Z[ 7dZWbkY‡W Z[b (+ Z[ cWhpe$ ;b `[\[ Z[b ;`[Ykj_le _di_ij_ÂŒ [d ik =eX_[hde i[]k_h| ÆYed# jhebWdZe [b ZÂƒĂ’Y_j o Ykcfb_[dZe Yed iki Yecfhec_ieiÇ" be gk[ Æ[i YecfWj_Xb[ Yed Z[\[dZ[h [b i[dj_Ze Yec‘dÇ o bei _dj[h[i[i Z[b fW‡i$ 1(3#1(.2
;ifW‹W" W `k_Y_e Z[ HW`eo" ÆlW W h[Ykf[hWh cko fhedje ik Yh[Z_# X_b_ZWZÇ fehgk[ [i kd fW‡i Æi[h_e o iebl[dj[Ç$ 7‹WZ_ÂŒ gk[ [b ;ijW# Ze Æi[ ^W Yecfhec[j_Ze Yece [b fh_c[he W Yk_ZWh [b Z_d[he f‘Xb_YeÇ" W de ]WijWh be gk[ de i[ j_[d[ o W de fed[h Wb fW‡i Æ[d kdW i_jkWY_ÂŒd _cfei_Xb[Ç$ ;b Fh[i_Z[dj[ Z[b =eX_[hde [ifW‹eb WdkdY_ÂŒ [ij[ l_[hd[i gk[ [b eX`[j_le Z[ ZÂƒĂ’Y_j f‘Xb_Ye Z[ [ij[ W‹e [d ;ifW‹W bb[]Wh| Wb +". Z[b F?8" \h[dj[ Wb *"* gk[ [ijWXW fh[l_ije$ ;d hk[ZW Z[ fh[diW jhWi fWh# j_Y_fWh [d [b 9edi[`e ;khef[e" HW`eo Wi[]khÂŒ gk[ [ijW Y_\hW de _dYkcfb[ [b FWYje Z[ ;ijWX_b_ZWZ o 9h[Y_c_[dje Z[ bW Kd_ÂŒd ;khe# fW oW gk[ ÆbW _dj[dY_ÂŒd [i WbYWd# pWh kd ) [d (&')Ç" jWb o Yece [ijWXb[Y[ [ij[ fWYje$
& ! #š(Ĺ‹. #1 ( - * ,.#šŋ Ĺ‹ / 'Z,# ĔŊ ĹŠ Ä› KdW Z[b[]WY_ÂŒd Z[b Z[b c[hYWZe ikZWc[h_YWde Z[ 9edi[`e Z[ :[iWhhebbe Z[b 9e# JW_m|d$ Mk" W gk_[d WYecfW‹Wd h[fh[# c[hY_e ;nj[h_eh Z[ JW_m|d fWh# j_ÂŒ Wo[h ^WY_W IkZWcƒh_YW fWhW i[djWdj[i Z[ ++ [cfh[iWi jW_mWd[# kdW ]_hW Z[ fheceY_ÂŒd Z[ Yec# iWi" jWcX_ƒd fheceY_edWh| bW fed[dj[i Z[ WkjecÂŒl_b[i" f_[pWi l[djW Z[ X_Y_Yb[jWi" fheZkYjei Z[ Z[ h[be`[i o fheZkYjei _d\ehc|# fWf[b[h‡W" WYY[ieh_ei Zecƒij_Yei o fheZkYjei [YebÂŒ]_Yei" jWb[i j_Yei" [b[YjhÂŒd_Yei o j[n# Yece bW [d[h]‡W iebWh o bWi j_b[i" gk[ ZkhWh| '- Z‡Wi o bkY[i B;:$ fWiWh| feh ;YkWZeh [ijW ĹŠ JW_m|d ^W bWdpWZe kdW i[cWdW$ YWcfW‹W fWhW _cfkbiWh BW Z[b[]WY_ÂŒd" [dYWX[# -ĹŠÄ‰Ä‡ÄˆÄˆÄ”ĹŠ+ 2ĹŠ bWi [nfehjWY_ed[i W c[h# pWZW feh [b l_Y[fh[i_Z[d# #7/.13 !(.-#2ĹŠ 3 (6 -#2 2ĹŠ ĹŠ YWZei fWhWb[bei" Yed [b Ă’d j[ Z[b Yedi[`e Yec[hY_Wb" 4" ,_1(! ĹŠ Z[ Yecf[diWh feh bW YW‡ZW MWod[ Mk" l_i_jWh| WZ[# 1#%(231 1.-ĹŠ4-ĹŠ +9 ĹŠ"#+ĹŠÄ‰ÄŽÄ”Ä’Ĺ˜ĹŠ c|i W 8hWi_b" F[h‘ o 9^_b[" !.-ĹŠ1#2/#!3.ĹŠ +ĹŠ Z[ bW Z[cWdZW [d ;ijWZei Kd_Zei o ;khefW$ ZedZ[ i[ YedY[djhW [b -)  .ĹŠ -3#1(.1ēŊ
7YPTLYH MHZL KL *\YZV KL THUKHYxU 7LYPVKV Tm_PTV KL <5 (j6
7YLNYHKV V +VJ[VYHKV H|VZ 4HLZ[YxH H|VZ
WYVNYHTHZ KL THLZ[YxH WYVNYHTHZ KL KVJ[VYHKV
4mZ 0UMVYTHJP}U! ;LSM ! 4HPS! LJ\ 'TVMH NV] [^
^^^ YVJ [HP^HU VYN ,*
$SOLFDFLRQHV KDVWD HO GH 0DU]R GHO
ēŊļ (1 ".1ČŊ#23;Ŋ4 (! ".Ŋ#-Ŋ+ Ŋ+.! +(" "Ŋ"#Ŋ 4-" 8,#ĔŊ#-Ŋ ,.1 ĔŊ8Ŋ#-Ŋ#+Ŋ! ,/ ,#-3.Ŋ8 Ŋ2#Ŋ1# +(9 Ŋ#+Ŋ #-31#- ,(#-3.Ŋ"#Ŋ+.2Ŋ./#1 ".1#2ē
Ĺ‹' ! '#( ,v Ĺ‹- Ĺ‹ ' . ,#  Ĺ‹ (Ĺ‹ &Ĺ‹* v-Ĺ‹ .8ĹŠ2#ĹŠÄƒ1, 1;ĹŠ #+ĹŠ/1(,#1 !.-31 3.ĹŠ ĹŠ%1 -ĹŠ #2! + ĹŠ!.-ĹŠ+ ĹŠ !.,/  ~ ĹŠ !2 ēŊ
BW c[]Wc_d[h‡W [d [b fW‡i i[ _d_Y_W \ehcWbc[dj[ ^eo Yed bW Ă’hcW Z[b fh_c[h YedjhWje Z[ [nfbejWY_ÂŒd W ]hWd [iYWbW fWhW [b fheo[Yje ĂˆC_hWZehÉ PWcehW $ I[ jhWjW Z[b oWY_# c_[dje Z[ YeXh[ c|i ]hWdZ[ Z[b fW‡i + c_b c_bbed[i Z[ b_XhWi " gk[ [ij| W YWh]e Z[ ;YkWYehh_[dj[ ;YiW $ >WijW W^ehW" bW [njhWYY_ÂŒd Z[ c[# jWb[i iÂŒbe i[ ^W h[Wb_pWZe W d_l[b Whj[iWdWb o f[gk[‹W o c[Z_WdW [iYWbW$ >Wo j[ce# h[i feh fh[ikdjei _cfWYjei d[]Wj_lei o jWcX_ƒd [nf[Y# jWj_lWi [d [b _d_Y_e Z[ [ijW dk[lW [jWfW$ I[]‘d [b WdkdY_e Z[b =e# X_[hde" ^eo [d bW jWhZ[ i[ iki# Yh_X_h| [b YedjhWje Yed ;YiW" W jhWlƒi Z[b YkWb bW YecfW‹‡W Yecfhec[j[h| '$*&& c_bbe# d[i Z[ ZÂŒbWh[i Z[ _dl[hi_ÂŒd fWhW bei Y_dYe fh_c[hei W‹ei Z[ WYj_l_ZWZ$ 7Z_Y_edWbc[d# j[" fW]Wh| Wb ;ijWZe h[]Wb‡Wi Z[ [djh[ [b , o [b . Z[b jejWb Z[ bWi l[djWi Z[b c[jWb i[]‘d [b lWbeh Z[b YeXh[ $ ;d YkWdje Wb _cfk[ije W bei _d# ]h[iei [njhWehZ_dWh_ei" i_ [b fh[Y_e Z[b YeXh[ ikf[hW bei * ZÂŒbWh[i" [b -& Z[ [iei h[# Ykhiei WZ_Y_edWb[i Z[X[h| _h W bW YW`W Ă’iYWb" iÂŒbe [b )& i[ i[h| fWhW bW [cfh[iW$ I[]‘d bW B[o" bW c_d[# hW Z[X[ fW]Wh h[]Wb‡Wi Wd# j_Y_fWZWi o" i[]‘d _dZ_YÂŒ M_bied F|ijeh" c_d_ijhe Z[ H[Ykhiei DWjkhWb[i De H[# delWXb[i" [ijWi i[h|d Z[ '&& c_bbed[i Z[ ZÂŒbWh[i kdW l[p
3.2
#ĹŠ#23#ĹŠ!.-31 3.
Ĺ—ĹŠ 4/#1ă!(#ĹŠ!.-!#2(.- " ĹŠ ĹŠ+ ĹŠ,(-#1 Ä–ĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠ Ĺ—ĹŠ .3 +ĹŠ"#ĹŠ!.-!#2(.-#2Ä–ĹŠ Ĺ—ĹŠ -(ă#23.ĹŠ"#ĹŠ/1."4!!(¢-Ä–ĹŠ
ÄˆÄŚÄ‰ÄˆÄŽÄ“Ä‰Ä’Ä‘ĹŠ'#!3;1# 2 ĉēĉĎÄ? Ä?Ä‘Ä?ĹŠÄ¸ÄˆÄ‰Ä“Ä?ĎćŊ'#!3;1# 2ÄšÄ”ĹŠÄŠÄŒÄ”Ä’Ĺ˜ĹŠ"#+ĹŠ3.3 +ēŊ
Ă’hcWZe [b YedjhWje$ ;d jejWb" bW h[djW gk[ h[Y_X_h‡W [b fW‡i Z[b fheo[Yje WiY[dZ[h‡W Wb +' $ ;d jƒhc_dei ced[jWh_ei" C_hWZeh Whhe`Wh‡W *$*+. c_bbed[i Z[ ZÂŒ# bWh[i Wb Ă’iYe$
1~3(! 2ĹŠ ĹŠ+ ĹŠ,#% ĹŠ,(-#1~
FWhW IWY^[h" [n_ij[d lWh_ei fhe# Xb[cWi Z[ _d_Y_Wh bW [nfbejWY_ÂŒd W ]hWd [iYWbW$ ;djh[ bei c|i h[b[lWdj[i Wde# jÂŒ0 bW [lWi_ÂŒd Ă’iYWb" fehgk[ bW cWoeh‡W Z[ YecfW‹‡Wi j_[d[d iki cWjh_Y[i [d fWhW‡iei Ă’iYW# .-3#73. I[]‘d kd [ijkZ_e Z[b [nf[hje b[i1 [b h[Ă’dWc_[dje i[ ^WY[ [d [b [d c_d[h‡W M_bb_Wc IWY^[h" [d [njhWd`[he1 i[ Yedikc[ ckY^W [b fW‡i [n_ij[d '"(' c_bbed[i Z[ W]kW1 fƒhZ_ZWi W]hef[YkWh_Wi1 o ^[Yj|h[Wi YedY[i_edWZWi fWhW YedjWc_dWY_ÂŒd$ @kijWc[dj[ [ijei Wh]kc[d# bWXeh[i c_d[hWi$ ;ije h[fh[i[d# jei \k[hed [nfk[ijei jWh‡W [b *"+ Z[b j[hh_je# [d [b ?? <ehe C_d[he" h_e dWY_edWb$ BW cWoeh h[Wb_pWZe [d 9k[dYW fWhj[ [ij|d YedY[djhWZWi [d YedjhW Z[ bW ]hWd [d YkWjhe fhel_dY_Wi0 PW# cehW 9^_dY^_f[ ()") " ĉČĉēććć c_d[h‡W" `kije [b `k[# l[i YkWdZe i[ WdkdY_ÂŒ 7pkWo '+"/ " Be`W "( 1(.2ĹŠ"#ĹŠ"#2#!'.2ĹŠ '+"* o CehedW IWd# bW \_hcW Yed ;YiW$ ;d %#-#1 1~ ĹŠ#+ /1.8#!3.ĔŊ2#%ĂŒj_W]e ''"( $ Wgk[b [dYk[djhe" 7b# 4-ĹŠ#234"(.ēŊ X[hje 7YeijW" [nc_d_i# ;d jejWb" [n_ij[d ($(+- YedY[i_ed[i$ :[ bWi YkW# jhe Z[ ;d[h]‡W o C_dWi" ČēČĎđ b[i" -.- [ij|d [d fhe# i[‹WbÂŒ gk[ [i \Wbie [b
ĹŠ Z_iYkhie e\_Y_Wb ieXh[ ZkYY_ÂŒd XW`e bW f[gk[‹W "#ĹŠ"¢+ 1#2ĹŠ31 #1~ ĹŠ #23#ĹŠ/1.8#!3.ĹŠ +ĹŠ $(2!.Ä“ bei X[d[\_Y_ei gk[ jhW[# o c[Z_WdW [iYWbW$ ;ije h| [ijW WYj_l_ZWZ$ h[fh[i[djW '($-+& ^[Y# j|h[Wi1 [i Z[Y_h" [b )*"/ 7 ik Yh_j[h_e" bei Yeijei i[h|d c|i Wbjei gk[ bei Z[b jejWb Z[ ikf[hĂ’Y_[$ _d]h[iei" [djh[ ejhWi YeiWi feh bei h[Ykhiei gk[ i[ d[Y[i_jWh|d (23#1(.ĹŠ ;b =eX_[hde de ^W h[l[bWZe fWhW h[c[Z_Wh [b _cfWYje Wc# Yk|dje fheZkY[d [ijWi YedY[# X_[djWb gk[ ][d[hWh| bW h[ce# i_ed[i$ Jh[i [cfh[iWi0 :odWijo Y_ÂŒd Z[b cWj[h_Wb Z[ bWi [nYWlW# ;b_f[" A_dheii o IWbWpWh ied bWi Y_ed[i$ cWoeh[i fhef_[jWh_Wi Z[ [ijei I[]‘d ZWjei Z[ IWY^[h" iÂŒbe Z[ Yedl[d_ei$ ĂˆC_hWZehÉ [i kdW Z[ C_hWZeh i[ ][d[hWh‡Wd (*($&&& bWi YedY[i_ed[i o \ehcW fWhj[ jed[bWZWi Z[ Z[i[Y^ei Z_Wh_ei$ Z[ bei Y_dYe c[]Wfheo[Yjei gk[ ;d jejWb" [b fheo[Yje Whhe`Wh‡W [n_ij[d [d [b fW‡i$ ;ijei ied0 '$-,+ c_bbed[i Z[ jed[bWZWi$ ;ije <hkjW Z[b Dehj[ A_dheii " H‡e h[gk[h_h‡W [djh[ *$-&& o ,&$&&& 8bWdYe ?C9 " Gk_ciWYeY^W ZÂŒbWh[i$ C_[djhWi gk[ bei _d]h[# ?Wc]ebZ o IWd 9Whbei FWdWd# iei fWhW [b ;ijWZe WiY[dZ[h‡Wd W jpW ;YiW $ '*$'&& ZÂŒbWh[i$
-. &&# )ŋ /- ŋÝÿúŋ'/ ,.)-ŋ
Ŋ#7/+.2(¢-Ŋ"#Ŋ 4-Ŋ"#/¢2(3.Ŋ"#Ŋ ,4-(!(.-#2Ŋ#-Ŋ 1 99 5(++#Ŋ/1.5.Ĺ !¢Ŋ+ Ŋ31 %#"( ē
DE
ĀĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
Ĉ
")+/ ŋ ŋ ., ( -ŋ $šŋ ÝĀŋ && # )-
ĔŊ Ĺ ěŊ 7b c[dei
'+& f[hiedWi ckh_[hed Wo[h o kdWi '$+&& h[ikbjWhed ^[h_ZWi jhWi kdW i[h_[ Z[ [nfbei_ed[i fheleYWZWi feh [b _dY[dZ_e Z[ kd Z[fÂŒi_je Z[ WhcWi o ckd_# Y_ed[i [d bW YWf_jWb Z[ bW H[# f‘Xb_YW Z[b 9ed]e" _d\ehcÂŒ [b Z_Wh_e beYWb B[i :[f[Y^[i" eĂ’# Y_Wb_ijW$ BWi [nfbei_ed[i \k[hed i[]k_# ZWi feh f[gk[‹Wi Z[Ă“W]hWY_ed[i o W\[YjWhed jWcX_ƒd W bW l[Y_dW Y_kZWZ Z[ A_di^WiW" YWf_jWb Z[ bW H[f‘Xb_YW :[ceYh|j_YW Z[b 9ed]e$ Bei c‘bj_fb[i [ijWbb_Zei fhe# leYWhed kd [ijWZe Z[ f|d_Ye jWdje [djh[ bW feXbWY_ÂŒd Z[ 8hW# ppWl_bb[ Yece bW Z[ A_di^WiW" Zei Y_kZWZ[i i[fWhWZWi jWd iÂŒbe feh [b h‡e 9ed]e$ JhWi [b i_d_[ijhe i[ Z[i# fb[]Whed [d [b bk]Wh lWh_Wi kd_ZWZ[i Z[ XecX[hei" Z[ bW Feb_Y‡W" Z[ bW =[dZWhc[h‡W o lebkdjWh_ei Z[ bW 9hkp He`W Yed]eb[iW" c_[djhWi kd [gk_# fe Z[ CƒZ_Yei I_d <hedj[hWi CI< i[ jhWibWZÂŒ Wb 9[djhe >eif_jWbWh_e Kd_l[hi_jWh_e
ĔŊ š BW Yeb_i_ÂŒd \hed#
¥ ēŊ - Ŋ!.+4,- Ŋ"#Ŋ'4,.Ŋ2#Ŋ5 Ŋ"#2"#Ŋ+ Ŋ!(4" "Ŋ 1 99 5(++#ĔŊ"#+Ŋ .-%.ē
#Ŋ5(23.Ŋ Ŋ".2Ŋ'#1(Ĺ ".2ēŊ -.Ŋ3#-~ Ŋ4- Ŋ '#1(" Ŋ#-Ŋ+ Ŋ/(#1- Ŋ8Ŋ .31.Ŋ#-Ŋ#+Ŋ'., 1.Ģē
(2Ŋ/ "1#2Ŋ5(5#-Ŋ -.Ŋ,48Ŋ+#).2Ŋ"#Ŋ /(+ Ŋ8Ŋ#+Ŋ3#!'.Ŋ"#Ŋ 24Ŋ! 2 Ŋ2#Ŋ"#114, ¢Ģē
ĹŠ
V ĹŠ
Ŋ (-!.Ŋ#7/+.2(.-#2Ŋ#231#,#!(#1.-Ŋ#-Ŋ+.2Ŋ ŗ!(4" "#2ĖŊ 1 99 5(++#Ŋ8Ŋ (-2' 2 ĔŊ#Ŋ(-!+42.Ŋ
9>K Z[ 8hWppWl_bb[" gk[ h[# Y_X_ÂŒ W kd ]hWd d‘c[he Z[ bWi l‡Yj_cWi$ I[]‘d [b `[\[ Z[ bW c_i_ÂŒd Z[ CI< <hWdY_W [d 8hWppWl_bb[" [b ZeYjeh :_fbe" Æi[ d[Y[i_jW kdW cWoeh eh]Wd_pWY_ÂŒd [d h[fWh#
je Z[ bei ^[h_ZeiÇ [ _dZ_YÂŒ gk[ Wb]kdei Z[ [bbei \k[# hed [dl_WZei Wb >eif_jWb C_b_jWh o Wb 9[djhe >eif_# jWbWh_e Z[ CWa[b[a[b[ feh bW iWjkhWY_ÂŒd gk[ ik\h_ÂŒ [b 9>K$
-Ŋ(-!#-"(.Ŋ#-Ŋ".2Ŋ"#/¢2(3.2Ŋ"#Ŋ,4-(Ĺ ŗŊ !(.-#2Ŋ#-Ŋ#+Ŋ!4 13#+Ŋ /(+ Ŋ' 1~ Ŋ! 42 ".Ŋ
}
ĹŠ ĹŠ
+ -!#2
2ĹŠ#7/+.2(.-#2
/1.5.! 1.-ĹŠ"  .2ĹŠ, 3#1( +#2ĹŠ#-ĹŠ#"(ă!(.2Ä“
#+Ŋ !!("#-3#ēŊ 1( 2Ŋ! 2 2Ŋ$4#1.-Ŋ"#11( " 2Ŋ/.1Ŋ+ Ŋ ŗŊ .-" Ŋ"#Ŋ!'.04#Ŋ"#Ŋ+ Ŋ#7/+.2(¢-ĔŊ. 2#15¢Ŋ 4-Ŋ/#1(."(23 ē - Ŋ(%+#2( Ŋ! 3¢+(! ĔŊ!#1! Ŋ"#+Ŋ!4 13#+ĔŊ1#Ĺ ŗŊ 24+3¢Ŋ"  " ĔŊ,(#-31 2Ŋ2#Ŋ.$(!( Ŋ4- Ŋ,(2 ē
jWb Z[ Zei jh[d[i h[]_ijhWZW Wo[h [d kdW Z[ bWi b‡d[Wi fh_d# Y_fWb[i Z[ Febed_W YWkiŒ Wb c[# dei ', ck[hjei o +. ^[h_Zei [djh[ bei )+& fWiW`[hei gk[ l_W`WXWd [d [bbei$ 7b]kdei Z[ bei ^[h_Zei i[ [dYk[djhWd [d [ijWZe ]hWl[ o Wb c[dei Zei [ij|d [d YecW" _d# \ehcŒ [b C_d_ij[h_e Z[b ?dj[h_eh febWYe$ I[]‘d bW \k[dj[" Z[ bei ', \W# bb[Y_Zei \k[hed _Z[dj_\_YWZei i[_i" kde Z[ bei YkWb[i [i Z[ dW# Y_edWb_ZWZ [ijWZekd_Z[di[ o [b h[ije febWYei$ ;b WYY_Z[dj[ i[ fheZk`e Wbh[# Z[Zeh Z[ bWi ('0&& Z[b i|XWZe (&$&& =CJ Y[hYW Z[ bW Y_kZWZ Z[ PWm_[hY_[ ikh " [d bW b‡d[W [djh[ LWhiel_W o 9hWYel_W" kdW Z[ bWi fh_dY_fWb[i Z[b fW‡i oW gk[ kd[ bWi Zei Y_kZWZ[i febWYWi c|i _cfehjWdj[i$ ;d bei jh[d[i l_W`WXWd Y_kZW# ZWdei \hWdY[i[i" kYhWd_Wdei o kd ]hkfe Z[ [ijkZ_Wdj[i [ifW# ‹eb[i" gk[ _XWd W 9hWYel_W o gk[ h[ikbjWhed _b[iei$
ĉ
ĀĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
~"#1ĹŠ"#ĹŠ+ ĹŠ ĹŠ"(!#ĹŠ04#ĹŠÄĽ5 +#ĹŠ+ ĹŠ/#- ĹŠ /.23 1ÄŚĹŠ/.1ĹŠ/ 9
:ĔŊ ŊěŊ &Ĺ‹'62#')Ĺ‹&v ,Ĺ‹ Ĺ‹& -Ĺ‹ / ,4 -Ĺ‹ ,' -Ĺ‹ 0)&/ #)( ,# -Ĺ‹ Ĺ‹ )&)' # ŋĢ ÄŁÄ…Ĺ‹ ) ,#!)Ĺ‹ )( )˜)Ĺ‹ " 0 ,,#Ä…Ĺ‹ - !/,šŋ 3 ,Ĺ‹
+/ Ĺ‹Ä?0 & Ĺ‹& Ĺ‹* ( Ĺ‹ *)-. ,đŋ Ĺ‹& Ĺ‹* 4Ĺ‹ (Ĺ‹-/Ĺ‹* v-Ĺ‹3Ĺ‹, #. ,šŋ &Ĺ‹ )'*,)'#-)Ĺ‹ Ĺ‹ - Ĺ‹!/ ,,#&& Ĺ‹* , Ĺ‹ ,Ĺ‹ )(Ĺ‹& Ĺ‹*,6 .# Ĺ‹ &Ĺ‹- / -.,)Ąŋ Ä? , Ĺ‹+/ Ĺ‹).,)-Ĺ‹'#&#. , -Ĺ‹3Ĺ‹*)&# v -ŋĢ()ÄŁĹ‹-#! (Ĺ‹'/,# ( )Ä…Ĺ‹-#! (Ĺ‹-# ( )Ĺ‹" ,# )-Ä…Ĺ‹)Ĺ‹-#! (Ĺ‹ 3 ( )Ĺ‹*,#-#)( ,)-ŋĢĄĄĄģŋ , ')-Ĺ‹+/ Ĺ‹0 & Ĺ‹& Ĺ‹ * ( Ĺ‹#(. (. ,Ĺ‹,)'* ,Ĺ‹ - Ĺ‹ v, /&)Ĺ‹' & #.)Ĺ‹3Ĺ‹ *)-. ,& Ĺ‹'6-Ĺ‹ # (Ĺ‹ Ĺ‹& Ĺ‹, )( #&# #š(Ĺ‹3Ĺ‹& Ĺ‹* 4đąŋ- ˜ &šŋ &Ĺ‹$ Ĺ‹, & ĄŋĒ #')& š(Ĺ‹ #'Z( 4ēŋ)Ĺ‹ Ä’ #') " (%)ēąŋ -vĹ‹&)Ĺ‹ 2*, -šŋ (Ĺ‹/( Ĺ‹ ,. Ĺ‹ (0# Ĺ‹ Ĺ‹ ,& (3Ĺ‹ ,$/ & Ä…Ĺ‹&v ,Ĺ‹ Ĺ‹& Ĺ‹ -) # #š(Ĺ‹ )&)' # ( Ĺ‹ Ĺ‹ '#&# , -Ĺ‹3Ĺ‹ # ' ,)-Ĺ‹ Ĺ‹& Ĺ‹ / ,4 Ĺ‹ Ă„ &# Ĺ‹ . (# )-Ĺ‹3Ĺ‹ # , )-Ĺ‹*),Ĺ‹ ,/*)-Ĺ‹ / ,,#&& ,)-ŋĢ - '#* 4ÄŁÄ…Ĺ‹ #0/&! Ĺ‹ 3 ,Ąŋ
/.#(ŋ! ( ŋ & #)( -ŋ,/- -ŋŋŋ +Ŋ'., 1#Ŋ$4#13#Ŋ "#Ŋ 42( ĔŊ + "~Ĺ ,(1Ŋ 43(-ĔŊ1#%1#2 Ŋ / 1 Ŋ1#3., 1Ŋ+ 2Ŋ 1(#-" 2Ŋ"#+Ŋ/ ~2ēŊŊ ËĔŊ ŊěŊLbWZ‡c_h Fkj_d" fh_#
#2("#-3#2ĹŠ"#+ĹŠ !#-31.ĹŠ"#ĹŠ Ä“ Ä“ ++.1 -ĹŠ ĹŠÄŒÄ‡ĹŠ,4#13.2ĹŠ
Ĺ—ĹŠ ĹŠĹŠ ĔŊ ĔŊ ŊěŊH[i_Z[d# j[i Z[ bei [ijWZei Z[ bW pedW Y[djhWb Z[ ;ijWZei Kd_Zei bbehWXWd Wo[h W iki ck[hjei" bk[]e Z[ gk[ kdW i[h_[ Z[ jeh# dWZei Z[ijhepWhW [b YehWpÂŒd Z[b fW‡i" fheleYWdZe bW ck[h# j[ Z[ *& f[hiedWi" Y_[djei Z[ ^[h_Zei o YWi_ XehhWhW Z[b cWfW W beYWb_ZWZ[i [dj[hWi$ I[hl_Y_ei h[b_]_eiei i[h|d Y[b[XhWZei [d jeZW bW h[]_ÂŒd W\[YjWZW c_[djhWi bei WjkhZ_# Zei Y_kZWZWdei Wi_c_bWd bW cW]d_jkZ Z[ bW Z[ijhkYY_ÂŒd fheZkY_ZW feh bei jehdWZei gk[ jeYWhed j_[hhW [b l_[hd[i$
'(- ĹŠ 4,#-3 ĹŠ 24ĹŠ/1#24/4#23.ĹŠ "#ĹŠ #$#-2
Ĺ—ĹŠĹŠĹŠ
} ĔŊ ŊěŊ;b fh[ikfk[ije Z[ :[\[diW Z[ 9^_dW Wkc[djÂŒ kd ''"( [ij[ W‹e" ikcWdZe ,-&$(-& c_bbed[i Z[ okWd[i '&,$*'& c_bbed[i Z[ ZÂŒbW# h[i " _dZ_YÂŒ Wo[h kd fehjWlep eĂ’Y_Wb" bW l‡if[hW Z[ bW Wf[h# jkhW Z[ bW i[i_ÂŒd fb[dWh_W Z[b FWhbWc[dje$ ;b _dYh[c[dje" ikf[h_eh Wb Yh[Y_c_[dje Z[b FheZkYje ?dj[h_eh 8hkje F?8 Y^_de [d (&'' /"( " \k[ WdkdY_WZe feh [b fehjWlep Z[b FWhbWc[d# je B_ P^Wen_d]$
4#1#ĹŠ.31.ĹŠ)#$#ĹŠ- 1!.
Ĺ—ĹŠ ĹŠĹŠ ^ ŊěŊ;b ;`ƒhY_je c[n_# YWde _d\ehcÂŒ Wo[h gk[ [b fW#
iWZe ' Z[ cWhpe ckh_ÂŒ [d kd [d\h[djWc_[dje Yed iebZWZei =[hWhZe =k[hhW LWbZ[p" Wb_Wi Ăˆ;b =k[hhWÉ" gk_[d WYjkWXW Yece Æ`[\[ Z[ bW fbWpW Z[ Dk[le BWh[ZeÇ Z[ Bei P[jWi" [d [b [ijWZe Z[ JWcWkb_fWi" dehZ[ij[ Z[b fW‡i$ ;d kd Yeckd_YWZe" bW Z[f[dZ[dY_W W]h[]ÂŒ gk[ [d bW ef[hWY_ÂŒd YedjhW c_[cXhei Z[ bW CWh_dW Z[ Cƒn_Ye [d Gk_bW" ^kXe ') i_YWh_ei ck[hjei" [djh[ bei gk[ jWcX_ƒd i[ [dYk[djhW ejhe b‡Z[h beYWb YedeY_Ze Yece Ăˆ;b F_X[É$
c[h c_d_ijhe o [nfh[i_Z[dj[ Z[ Hki_W" ]WdÂŒ Wo[h ^eb]WZWc[d# j[ bWi [b[YY_ed[i fh[i_Z[dY_Wb[i Z[ WYk[hZe W bei iedZ[ei o bei h[ikbjWZei fWhY_Wb[i" l_Yjeh_W gk[ iki h_lWb[i de jWhZWhed [d Yk[ij_edWh$ Æ=hWY_Wi W jeZei bei gk[ ^Wd Z_Y^e Ăˆi‡É W bW =hWd Hki_WÇ" ]h_jÂŒ Fkj_d Yed b|]h_cWi [d bei e`ei Wdj[ Z[Y[dWi Z[ c_b[i Z[ fWhj_# ZWh_ei" Yed]h[]WZei W Z[Y[dWi Z[ c[jhei Z[ bWi ckhWbbWi Z[b Ah[cb_d$ ;b [l[djkWb fh[i_Z[dj[ [b[Yje WĂ’hcÂŒ gk[ [b fk[Xbe Z[ Hki_W ^W Z[ceijhWZe iWX[h ÆZ_\[h[dY_Wh bei Wd^[bei Z[ YWcX_e Z[ bei _d# j[djei Z[ Z[ijhk_h [b fW‡iÇ$ Ɯ>[# cei l[dY_Ze Ç" ]h_jÂŒ [d c[Z_e Z[ bWi WYbWcWY_ed[i Z[ iki `ÂŒl[d[i i[]k_Zeh[i$ I[]‘d _d\ehcW bW 9ec_i_ÂŒd ;b[YjehWb 9[djhWb 9;9 " Yed kd +&"&+ feh Y_[dje [iYhkjWZe" [b ^ecXh[ \k[hj[ Z[ Hki_W eXj_[d[ [b ,*")- feh Y_[dje Z[ bei lejei [c_j_Zei$ 9ed [ij[ h[ikbjWZe" Fkj_d" i[# h‡W [b ]WdWZeh Z[ bei Yec_Y_ei [d bW fh_c[hW lk[bjW$ ÆDe ^WXh| i[]kdZW lk[bjW$
ēŊ + "~,(1ĹŠ 43(-ĹŠ8ĹŠ#+ĹŠ/1#2("#-3#ĹŠ142.ĹŠ ,(318ĹŠ #"5#"#5ĔŊ"41 -3#ĹŠ#+ĹŠ !3.ĹŠ#-ĹŠ+ ĹŠ + 9 ĹŠ -#9'- 8 ĹŠ"#ĹŠ .2!ĂŒÄ“ĹŠ
2Ŋ-#!#2 1(.Ŋ! , ( 1Ŋ #+Ŋ2(23#, Ŋ#+#!3.1 +Ŋ / 1 Ŋ04#Ŋ+ 2Ŋ#+#!!(.Ĺ -#2Ŋ2# -Ŋ)423 2Ģē } Ŋ
ĹŠ ĹŠ ĹŠ ÂĄ ĹŠ ^
;ijW l_Yjeh_W [d bW fh_c[hW lk[bjW [ijWXW YbWhW Z[iZ[ ^WY[ Zei e jh[i c[i[iÇ" Z_`e [b Y_d[WijW IjWd_ibWl =elehk`_d" `[\[ Z[ YWcfW‹W Z[ Fkj_d" [d Z[YbWhWY_ed[i [d Z_h[Yje feh j[b[l_i_ÂŒd dWZW c|i YedeY[h# i[ bei fh_c[hei h[ikbjWZei$ #+# 1 -ĹŠ+ ĹŠ5(!3.1(
C|i Z[ -&$&&& fWhj_ZWh_ei Z[b
.2ĹŠ5.3.2
.2Ŋ! -"(" 3.2 Ŋ +Ŋ+~"#1Ŋ"#+Ŋ 13(".Ŋ .,4-(23 Ŋ"#Ŋ 42( ĔŊ ŗ 4#-- "(Ŋ (4%;-.5ĔŊ$4#Ŋ#+Ŋ2#%4-".Ŋ! -"(Ĺ
" 3.ĹŠ,;2ĹŠ5.3 ".ĹŠ!.-ĹŠ#+ĹŠÄˆÄ?ĔćÄ?ĹŠ/.1ĹŠ!(#-3.ēŊ
ĹŠ +ĹŠ3#1!#1ĹŠ/4#23.ĹŠ+.ĹŠ"(2/43 -ĹŠ#+ĹŠ,4+3(,(++.Äą Ĺ—- 1(.ĹŠ () ~+ĹŠ 1¢).1.5ŊĸÄ?ĔĒĉŊ/.1ĹŠ!(#-3.ĚŊ8ĹŠ#+ĹŠ
fh_c[h c_d_ijhe hkie" LbWZ‡c_h Fkj_d" i[ Yed]h[]Whed Y[hYW Z[b Ah[cb_d fWhW Y[b[XhWh ik l_Yjeh_W$ ÆBei cWd_\[ijWdj[i oW de YW# X[d [d bW FbWpW CWdƒp^dWoW feh
4+31 - !(.- +(23 ĹŠ + "~,(1ĹŠ (1(-.52*(ŊĸÄ?Ä“Ä?ÄŽĹŠ /.1ĹŠ!(#-3.ĚēŊ ĹŠ +ĹŠ2.!( +"#,¢!1 3 ĹŠ #1%4_(ĹŠ (1¢-.5ĔŊ Ĺ— -3(%4.ĹŠ/1#2("#-3#ĹŠ"#+ĹŠ #- ".ĔŊ#2ĹŠ#+ĹŠ04(-3.ĹŠ 8ĹŠĂŒ+3(,.ĹŠ! -"(" 3.ĹŠ!.-ĹŠ#+ĹŠÄŠÄ”Ä?ÄˆĹŠ/.1ĹŠ!(#-3.ĹŠ "#ĹŠ+.2ĹŠ#+#!3.1#2Ä“
be gk[ i[ ^W Xbegk[WZe [b jh|Ă’# Ye [d bWi YWbb[i Y[hYWdWiÇ" i[‹W# bÂŒ kd Yeckd_YWZe Z[ bW Feb_Y‡W Z[ CeiY‘" Y_jWZe feh bW W][dY_W H?7#DÂŒleij_$
Ćŋ, */ &# ()-Ĺ‹ (Ĺ‹, ˜# Ĺ‹ ,, , Ĺ‹" # Ĺ‹ &ŋĒ /* ,' ,. -Ä“ ĔŊ ĔŊ ŊěŊ Bei h[fk#
Xb_YWdei [ijWZekd_Z[di[i i[ Wb_ijWd fWhW [b Ikf[hcWhj[i" Z‡W [d [b gk[ lejWh|d [d '& [ijWZei feh ik fh[YWdZ_ZWje fh[i_Z[dY_Wb" [d kdW fh_cWh_W [d bW gk[ Z[iZ[ ^WY[ jh[i c[# i[i bei \Wleh_jei i[ jkhdWd i[#
cWdWbc[dj[" ^WY_[dZe Z_\‡Y_b fh[l[h gk_ƒd i[h| [b h_lWb Z[ 8WhWYa EXWcW$ ;b , Z[ cWhpe" bei Wif_hWd# j[i h[fkXb_YWdei i[ c[Z_h|d [d 7bWiaW" =[eh]_W" ?ZW^e" CWi# iWY^ki[jji" :WaejW Z[b Dehj[" E^_e" EabW^ecW" J[dd[ii[["
L[hcedj o L_h]_d_W$ 7 kd Z‡W Z[b Ikf[hcWhj[i" [b ckbj_c_bbedWh_e [n]eX[h# dWZeh Z[ CWiiWY^ki[jji C_jj Hecd[o o [b kbjhWYedi[hlW# Zeh [ni[dWZeh Z[ F[di_blWd_W" H_Ya IWdjehkc" i[ ikf[hWd kde W ejhe feh feYei fkdjei
[d iedZ[ei [d lWh_ei [ijWZei" c_[djhWi [b ejhehW \Wleh_je" [b Yedi[hlWZeh D[mj =_d]h_Y^" bkY[ Yece ]WdWZeh iebWc[dj[ [d =[eh]_W" [ijWZe Wb gk[ h[# fh[i[djŒ ZkhWdj[ Zei ZƒYWZWi [d bW 9|cWhW Z[ H[fh[i[djWd# j[i [d MWi^_d]jed$
"60 4ŋ )(ð,' ŋ+/ ŋ./'),ŋ , ŋ ( ,)-) ĔŊ ŊěŊ ;b fh[i_Z[dj[ l[#
d[pebWde" >k]e 9^|l[p" _dZ_YÂŒ gk[ bei [ijkZ_ei Yed\_hcWhed gk[ [b jkceh gk[ i[ b[ [njhW`e [d kdW ef[hWY_ÂŒd [d BW >WXWdW [b fWiWZe (, Z[ \[Xh[he \k[ ÆkdW h[Ykhh[dY_WÇ Z[b Y|dY[h Z_W]dei# j_YWZe [d `kd_e Z[b W‹e fWiWZe o WdkdY_ÂŒ gk[ i[ iec[j[h| W hWZ_e# j[hWf_W$ Æ;b [ijkZ_e WdWjecefWjebÂŒ]_# Ye i[ ^_pe Yed [b h_]eh Y_[dj‡ÒYe h[gk[h_Ze Z[b jkceh [nj_hfWZe [d ik jejWb_ZWZ o YedĂ’hcÂŒ be gk[ oW i[ ikfed‡W" gk[ [b c_ice [i
kdW h[Ykhh[dY_W Z[b Y|dY[h Z_W]# deij_YWZe _d_Y_Wbc[dj[Ç" _dZ_YÂŒ 9^|l[p [d kd fhe]hWcW ]hWXWZe [b i|XWZe o Z_\kdZ_Ze Wo[h feh bW j[b[l_i_ÂŒd [ijWjWb$ 9^|l[p ikXhWoÂŒ gk[ [b h[ikb# jWZe Z[ bei _d\ehc[i de b[ ieh# fh[dZ_[hed ÆfWhW dWZWÇ fehgk[ [hW Æbe c|i fheXWXb[Ç" Wkdgk[ ikXhWoÂŒ gk[ [d bei _d\ehc[i i[ YedijWjÂŒ ÆbW Wki[dY_W Z[ b[i_ed[i ik][ij_lWi Z[ Y|dY[h" d_ beYWb# c[dj[" d_ [d ÂŒh]Wdei Y[hYWdeiÇ$ ?dZ_YÂŒ gk[ kdW l[p gk[ ikf[# h[ kd fheY[ie Z[ h[Ykf[hWY_ÂŒd o
2Ŋ4- Ŋ 3 ++ Ŋ/4#2Ŋ8Ŋ 8.Ŋ 04~Ŋ#23.8Ŋ!.-Ŋ#+Ŋ $ 5.1Ŋ"#Ŋ (.2(3.ŊĸēēēĚŊ +(23.Ŋ)4-3.Ŋ Ŋ423#"#2Ŋ/ 1 Ŋ #-$1#-3 1Ŋ+.Ŋ04#Ŋ3#-% ,.2Ŋ 04#Ŋ#-$1#-3 1ĔŊ/#1.Ŋ5(5(1#Ĺ ,.2Ŋ8Ŋ5#-!#1#,.2Ģē Ŋ :
Y_YWjh_pWY_ÂŒd Z[ lWh_Wi i[cWdWi i[ iec[j[h| W kd jhWjWc_[dje Z[ hWZ_ej[hWf_W Z[ kdW ^ehW Z_Wh_W" Z[ bW gk[" Z_`e" oW e\h[Y[h| Z[jW# bb[i" o ejhei jhWjWc_[djei Yec# fb[c[djWh_ei$
ēŊ 4%.Ŋ ';5#9ĔŊ/1#2("#-3#Ŋ"#Ŋ #-#94#+ ē
Ŋ ĔŊ ŊŊěŊ;b _cfe#
! ŋ/-)ŋ ð # (. ŋ ŋ& ŋ ( ,!v ēŊ #2"#Ŋ#+Ŋ'.% 1Ŋ2#Ŋ"# #-Ŋ,#).1 1Ŋ+.2Ŋ'; (3.2Ŋ"#Ŋ!.-24,.ē
2ĹŠ(,/.13 -3#ĹŠ04#ĹŠ 84"#ĹŠ ĹŠ"(2,(-4(1 #+ĹŠ"#2/#1"(!(.ĹŠ!.-ĹŠ 4#- ĹŠ/1;!3(! ĹŠ8ĹŠ -4#5 2ĹŠ3#!-.+.%~ 2Ä“ BW cWoeh‡W Z[ bW ][d[hWY_ÂŒd [d[h# ]ƒj_YW Z[ ;YkWZeh Z[f[dZ[ Z[b f[jhÂŒb[e e Z[ bWi ^_Zhe[bƒYjh_YWi" feh be gk[ ik Z[if[hZ_Y_e Yedjh_# Xko[ Wb YWcX_e Yb_c|j_Ye oW gk[ bWi [c_i_ed[i YedjWc_dWdj[i Z[ bei YecXkij_Xb[i \ÂŒi_b[i Wbj[hWd bW WjcÂŒi\[hW$ ÆFWhW WokZWh W c_j_]Wh [ij[ \[dÂŒc[de Yb_c|j_Ye Z[X[cei WfehjWh Yed kd Yedikce [Ă’Y_[d# j[Ç" ieij_[d[ CWhbed BeW_pW" [n# f[hje [d [d[h]‡W$ >eo i[ Y[b[XhW [b :‡W Ckd# Z_Wb Z[ bW ;Ă’Y_[dY_W ;d[h]ƒj_YW Yed [b eX`[j_le Z[ gk[ bWi f[hie# dWi eXj[d]Wd bei c_icei X_[d[i o i[hl_Y_ei [d[h]ƒj_Yei" f[he Yed c[dei h[Ykhiei o h[ZkY_[dZe bW YedjWc_dWY_ÂŒd$ ÆI[h c|i [Ă’Y_[dj[ de i_]d_# Ă’YW gk[ Z[X[cei h[dkdY_Wh W dk[ijhe X_[d[ijWh$ I_cfb[c[dj[" Z[X[cei WZefjWh ^|X_jei o j[Y# debe]‡W h[ifediWXb[Ç" WYbWhW$ 84"#ĹŠ '.11 -".
ÂľIWX‡W gk[ [b '. Z[ bW [d[h]‡W gk[ i[ Yedikc[ [d [b ^e]Wh o gk[ [b )& Z[ bW gk[ i[ ]WijW [d bW eĂ’# Y_dW fhel_[d[ Z[ bW _bkc_dWY_ÂŒd5 Fk[i Wi‡ [i$ ;i feh [ije gk[ BeW_# pW h[Yec_[dZW gk[ ÆYed jWd iebe
-#1%~ ĹŠ 1#-.5 +# Ĺ—ĹŠĹŠ
- ĹŠ/ 13#ĹŠ2(%-(ă! 3(5 ĹŠ"#+ĹŠ /1.!#2.ĹŠ"#ĹŠ#ă!(#-!( ĹŠ#-#1%_3(! ĹŠ#2ĹŠ + ĹŠ /+(! !(¢-ĹŠ"#ĹŠ#-#1%~ 2ĹŠ +3#1- 3(5 2ĹŠ .ĹŠ1#-.5 +#2ĹŠ!.,.ĹŠ+ ĹŠ2.+ 1ĔŊ+ ĹŠ#¢+(! ĔŊ + ĹŠ%#.3_1,(! ĔŊ+ ĹŠ, 1#.,.31(9ĹŠ.ĹŠ!.-ĹŠ (., 2 Ä“ ÄĄ +ĹŠ1##,/+ 9 1ĹŠ+ ĹŠ%#-#1 !(¢-ĹŠ Äą 2 " ĹŠ#-ĹŠ!., 423( +#2ĹŠ$¢2(+#2ĹŠ/.1ĹŠ+ ĹŠ 04#ĹŠ42 -ĹŠ1#!412.2ĹŠ- 341 +#2ĹŠ,#-.2ĹŠ !.-3 ,(- -3#2ĹŠ2#ĹŠ/4#"#ĹŠ, -3#-#1ĹŠ #+ĹŠ,(2,.ĹŠ#23(+.ĹŠ"#ĹŠ5(" ĔŊ/#1.ĹŠ!.-ĹŠ ,#).1#2ĹŠ/1;!3(! 2ĢĔŊ!.,#-3 ĹŠ#+ĹŠ #7/#13.ĹŠ 1+.-ĹŠ . (9 Ä“
WfW]Wh bWi bkY[i gk[ de i[ kiWd e fh[\[h_h bW bkp dWjkhWb" [ijWcei X[d[ÒY_WdZe Wb fbWd[jWÇ$ ;d bei bk]Wh[i Z[ jhWXW`e i[ fk[Z[ efjWh feh W]hkfWh bWi bkc_# dWh_Wi feh pedWi" [i Z[Y_h" gk[ i[ Wb_c[dj[d Z[ Z_\[h[dj[i Y_hYk_jei Yed kd c_ice _dj[hhkfjeh$ Æ9WZW ]hkfe Z[X[ [ijWh Yecfk[ije feh Wgk[bbWi gk[ i[ kj_b_Y[d [d kd c_i# ce ^ehWh_e fWhW i[h [dY[dZ_ZWi iebe [d [ij[ f[h_eZeÇ" ik]_[h[$ EjhW WokZW Z[ bW j[Ydebe]‡W [i
.-2#).2ĹŠ
5(3#Ŋ#+Ŋ"#2/#1"(!(. Ŋ .Ŋ"# #Ŋ04#" 12#Ŋ!.-Ŋ+ Ŋ3#+#5(2(¢-Ŋ8Ŋ+ 2Ŋ ŗ+4!#2Ŋ"#+Ŋ!4 13.Ŋ#-!#-"(" 2Ŋ!4 -".Ŋ2#Ŋ5 Ŋ Ŋ".1,(1ē
ĹŠ / %4#ĹŠ8ĹŠ"#2!.-#!3#ĹŠ+ ĹŠ!.,/43 ".1 ĹŠ Ĺ—!4 -".ĹŠ-.ĹŠ+ ĹŠ#23_ĹŠ42 -".Ä“ ĹŠ .ĹŠ"# #ĹŠ3#-#1ĹŠ#-!#-"(".2ĹŠ5 1(.2ĹŠ 13#Äą Ĺ—$ !3.2ĹŠ#+_!31(!.2ĹŠ +ĹŠ,(2,.ĹŠ3(#,/.Ä“ ĹŠ 4 -".ĹŠ42#ĹŠ+ ĹŠ+(!4 ".1 ĔŊ!.+.04#ĹŠ+.2ĹŠ Ĺ— +(,#-3.2ĹŠ#-ĹŠ/#" 9.2ĹŠ/#04# .2Ä“ ĹŠ (ĹŠ43(+(9 ĹŠ+ ĹŠ 2/(1 ".1 ĹŠ, -3#-% ĹŠ#+ĹŠÄƒ+31.ĹŠ Ĺ—+(,/(.Ä“ ĹŠ +ĹŠ42 1ĹŠ+ ĹŠ"4!' ĹŠ#+_!31(! ĔŊ31 3#ĹŠ"#ĹŠ Ĺ—  12#ĹŠ+.ĹŠ,;2ĹŠ1;/(".Ä“ ĹŠ .ĹŠ43(+(!#ĹŠ/.1ĹŠ,4!'.ĹŠ3(#,/.ĹŠ+ ĹŠ2#! ".1 ĹŠ Ĺ—"#ĹŠ/#+.Ä“
Ĺ—ĹŠ 1%4#ĹŠ+ ĹŠ+ 5 ".1 ĹŠ ĹŠ3." ĹŠ24ĹŠ! / !(" "Ä“ efjWh feh [b kie Z[ h[]kbWZeh[i Z[ fej[dY_W fWhW gk[ i[ WfW]k[d bWi bkY[i YkWdZe ^WoW ik\_Y_[dj[ bkp dW# jkhWb$ 7Z[c|i" bei WfWhWjei Z[ Yed# jheb Z[ fh[i[dY_W ied \WlehWXb[i$ 7b kiWh [b YecfkjWZeh Z[X[ YedĂ’]khWhbe fWhW h[ZkY_h [b Yed# ikce Z[ [d[h]‡W o YkWdZe de be kj_b_Y[ [i _cfehjWdj[ gk[ be WfW# ]k[ o de b[ Z[`[ [d ĂˆijWdZ XoÉ$ 7Z_Y_edWbc[dj[" [l_j[ Z[i# f[hZ_Y_Wh YecXkij_Xb[ fWhW ik jhWdifehjWY_ÂŒd$ Æ?dYh[c[djWh [b kie Z[ jhWdifehj[ f‘Xb_Ye [i kdW \ehcW Z[ WfehjWhÇ" i[‹WbW$
d[dj[ ]bWY_Wh F[h_je Ceh[# de" [d [b ikh Z[ 7h][dj_dW" ^W Yec[dpWZe [b fheY[ie ^WY_W ik Y‡Yb_YW hkfjkhW" kd [if[Yj|Ykbe gk[ WjhW[ W c_# b[i Z[ jkh_ijWi$ ;b Z_gk[ Z[ ^_[be gk[ i[fWhW [b XhWpe H_Ye o [b 9WdWb Z[ bei JƒcfWdei Z[b BW]e 7h][dj_de [cf[pÂŒ W h[]_ijhWh Ă’bjhWY_ed[i [b fW# iWZe c_ƒhYeb[i o i[ fh[lƒ gk[ [d bei fhÂŒn_cei Z‡Wi i[ fheZkpYW ik [ijhk[dZe# iW hkfjkhW$ C[Z_ei Z[ fh[diW Ye# c[dpWhed W _dijWbWhi[ [d bWi fWiWh[bWi Z[b FWhgk[ DWY_edWb Bei =bWY_Wh[i" [d
), & -ŋ- ŋ Ē &)( (ēŋ * , ŋ -) , 0#0#, } ĔŊ ŊěŊBWi Yh‡Wi Z[ YehWb
fk[Z[d h[fheZkY_hi[ Yh[Wd# Ze ĂˆYbed[i ][dƒj_YeiÉ Z[ i‡ c_icei Wdj[i Z[ [ijWXb[Y[h# i[ o Yedl[hj_hi[ [d WZkbjei" be gk[ fej[dY_W ik YWfWY_ZWZ Z[ ikf[hl_l[dY_W" i[]‘d kd [ijkZ_e WkijhWb_Wde$ I[ jhWjW Z[ kdW dk[lW \ehcW Z[ h[fheZkYY_ÂŒd Z[b YehWb gk[ de h[gk_[h[ WYj_# l_ZWZ i[nkWb o gk[ [d jƒh# c_dei ^kcWdei [gk_lWb[ W j[d[h Æc[bb_pei" jh_bb_pei e YkWjh_bb_peiÇ" i[]‘d 7d# Zh[m >[omWhZ" Wkjeh `kd# je W 7dZh[m D[]h_ Z[ kdW _dl[ij_]WY_ÂŒd Z[b ?dij_jkje 7kijhWb_Wde Z[ 9_[dY_W CW# h_dW 7?CI fkXb_YWZW feh bW h[l_ijW IY_[dY[$
ĀĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
ÄŠ
bW ikh[‹W fhel_dY_W Z[ IWdjW 9hkp" Z[iZ[ ZedZ[ fk[Z[ eXi[hlWhi[ [b ]bWY_Wh W bW [if[hW Z[b ]hWd [if[Y# j|Ykbe$ 1.!#2.Ŋ- 341 +
<k[dj[i Z[ bW i[Yh[jWh‡W Z[ Jk# h_ice Z[ IWdjW 9hkp _dZ_YWhed gk[" i_ X_[d [b fheY[ie Z[ hkfjkhW i[ _d_Y_ÂŒ [b c_ƒhYeb[i fWiWZe" oW Yec[dpWhed W bb[]Wh l_i_jWdj[i W bW pedW o i[ [if[hW kdW WĂ“k[dY_W cWoeh fWhW bei fhÂŒn_cei Z‡Wi$ ;b \[dÂŒc[de [i fheleYWZe feh bW fh[i_ÂŒd Z[ bWi W]kWi ieXh[ [b Z_gk[ Z[ ^_[be" gk[ Yec_[dpW W W]h_[jWhi[ ^WijW \ehcWh kd ^k[# Ye [d \ehcW Z[ WhYe gk[ be Z[X_# b_jW o j[hc_dW feh Z[hhkcXWhi[$ BWi ‘bj_cWi hkfjkhWi i[ Z_[hed [d '/.." (&&*" (&&, o (&&.$
(/Ŋ#!.+¢%(!. Ŋ (#, 1#Ŋ4-Ŋ/#04# .Ŋ'4#13.Ŋ#-Ŋ24Ŋ'.% 1Ŋ ŗ/ 1 Ŋ3#-#1Ŋ/1."4!3.2Ŋ.1%;-(!.2ē
(23(-3.2ĹŠ
BWi Yh‡Wi Z[ YehWb ][d[hWbc[d# j[ dWY[d Z[ bei ^k[lei b_X[hW# Zei Wb cWh feh ik fhe][d_jeh" Wdj[i e Z[ifkƒi Z[ i[h \[hj_b_# pWZei" fWhW gk[ Z[ifkƒi i[Wd WhhWijhWZei feh bW Yehh_[dj[ ^WY_W kd dk[le bk]Wh [d [b gk[ i[ WĂ’dYWh|d$ ;d YWcX_e" bei ĂˆYbed[iÉ Z[ [ijei Wd_cWb[i cWh_dei Yed [igk[b[je YWbY|h[e Zkhe ied hƒfb_YWi ][dƒj_YWi Z[ ik fhe][# d_jeh gk[ i[ fheZkY[d YkWdZe" feh [`[cfbe" bWi ebWi gk[ [c# X_ij[d ZkhWdj[ kdW jehc[djW fheleYWd ZW‹ei [d bW Yebed_W Z[ YehWb$ ;d ik _dl[ij_]WY_ÂŒd" bei Y_[d# j‡ÒYei h[Yh[Whed [d [b bWXehWje# h_e bWi YedZ_Y_ed[i Z[ jkhXkb[d# Y_W W bWi gk[ i[ [nfed[d ZkhWdj[ bW deY^[ bei YehWb[i Z[ bW =hWd 8Whh[hW Z[ 9ehWb" [d [b deh[ij[ Z[ 7kijhWb_W$
& # ,Ĺ‹ ,! (.#()Ĺ‹ #(# # Ĺ‹ ,/*./,
Ä Ä€
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?ĀĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ?Ĺ?
ĹŠ ĹŠ ĹŠ ĹŠÄ‰Ä‡ÄˆÄ‰
^1(* ĹŠ 4#11#1.ĹŠ #)~
JhWXW`W Z[iZ[ gk[ j_[d[ '* W‹ei Z[ [ZWZ$ 7YjkWbc[dj[ be ^WY[ [d kd _cfehjWdj[ bW# XehWjeh_e Yb‡d_Ye Yece l_i_# jWZehW cƒZ_YW$ ;ijkZ_Wdj[ Z[ CWha[j_d]" [ijW ]kWoWgk_# b[‹W fWhj_Y_fW feh fh_c[hW l[p [d kd h[_dWZe Z[ X[bb[pW o Wi[]khW gk[ be ^WY[ W \_d Z[ WokZWh W bei c|i d[Y[i_jWZei$ xh_aW =k[hh[he j_[d[ (' W‹ei Z[ [ZWZ o b[ ]kijW ckY^e _h Z[ YecfhWi$
ĎćŊ  .2Ŋ#-Ŋ#+Ŋ/."(. ēŊ #-3¢Ŋ+ 2Ŋ 2#2Ŋ"#+Ŋ1.!*Ŋ!.-3#,/.1;-#.ē
- ĹŠ#"(3.1( +ĹŠ2 ! 1;ĹŠ ĹŠ+ ĹŠ5#-3 ĹŠ4-ĹŠ+( 1.ĹŠ "#ĹŠ$.3.%1 $~ 2ĹŠ'(23¢1(! 2ĹŠ#2!.%(" 2ĹŠ/.1ĹŠ +.2ĹŠ/1./(.2ĹŠ,ĂŒ2(!.2Ä“
Ŋ ĔŊ š Bei Hebb_d] Ije#
d[i Y[b[XhWh|d [ij[ W‹e ik +& Wd_# l[hiWh_e Yed kd b_Xhe Z[ \eje]hW\‡Wi o ejhe cWj[h_Wb _dƒZ_je [iYe]_Ze feh bei fhef_ei c_[cXhei Z[ bW XWdZW Xh_j|d_YW" WdkdY_ÂŒ bW [Z_je# h_Wb [ijWZekd_Z[di[ >of[h_ed$ 8W`e [b j‡jkbe ĂˆJ^[ Hebb_d] Ije# d[i0 +&É" bW eXhW ÆYk[djW bW ^_i# jeh_W Z[ +& \Wdj|ij_Yei W‹eiÇ" _dZ_YWhed [d kd Yeckd_YWZe bei YkWjhe _dj[]hWdj[i Z[b ]hk# fe0 [b leYWb_ijW C_Ya @W]][h" [b ]k_jWhh_ijW A[_j^ H_Y^WhZi" [b XW`_ijW Hedd_[ MeeZ o [b XWj[h‡W 9^Whb_[ MWjji$ Æ;cf[pWcei Yece kdW XWd# ZW Z[ Xbk[i jeYWdZe [d bei XWh[i" o j[hc_dWcei bb[dWdZe bei cW# oeh[i [ijWZ_ei Z[b ckdZe Yed kd j_fe Z[ [if[Yj|Ykbe Yed [b gk[ d_d]kde Z[ deiejhei i_gk_[hW ie‹WXW [d Wgk[bbei W‹eiÇ" W‹W# Z_[hed bei Ijed[i$ +ĹŠ+( 1.
>of[h_ed i[‹WbŒ gk[ [b b_Xhe" YkoWi jWfWi i[h|d Z_i[‹WZWi feh [b fhef_e MWjji" iWbZh| W bW l[djW [d ;ijWZei Kd_Zei o 9W# dWZ| [d [b eje‹e o i[h| [b ‘d_Ye Wkjeh_pWZe feh bW XWdZW fWhW
ĹŠ } ĹŠ
.,#- )#Ŋ#-Ŋ 4 " + ) 1 ^ ēŊ +Ŋ !3.1Ŋ#23 ".4Ĺ
DJ
-("#-2#ĹŠ"#ĹŠ.1(%#-ĹŠ!4 -.ĹŠ 1#!( (¢Ŋ#+ĹŠ/1#,(.ĹŠÄĽ 4 " + ) 1 ĹŠ #1. ,#1(! -.ÄŚĹŠ#-ĹŠ+ ĹŠ(- 4Äą %41 !(¢-ĹŠ"#+ĹŠ #23(5 +ĹŠ -3#1- Äą !(.- +ĹŠ"#ĹŠ (-#ĹŠ"#ĹŠ#2 ĹŠ!(4" "ēŊ 1!~ ĹŠ -4-!(¢Ŋ ++~ĹŠ04#ĹŠ"(1(%(1;ĹŠ 4- ĹŠ/#+~!4+ ĹŠ!#-31 " ĹŠ#-ĹŠÄĄ+.2ĹŠ ĂŒ+3(,.2ĹŠÄˆÄ‡ĹŠ  .2ĹŠ"#ĹŠ5(" ĢŊ"#+ĹŠ !_+# 1#ĹŠ#2!1(3.1ĹŠ#23 ".4-("#-Äą 2#ĹŠ 1-#23ĹŠ #,(-%6 8ēŊ
Y[b[XhWh c[Z_e i_]be [d bei [iY[dWh_ei$ ;b cWj[h_Wb _dƒZ_je fheY[# Z[ Z[ bei [nj[diei WhY^_lei Z[b hejWj_le Xh_j|d_Ye :W_bo C_hheh o ^Wh| kd h[Yehh_Ze feh jeZW bW jhWo[Yjeh_W Z[ bei Hebb_d] Ijed[i" gk_[d[i jeYW# hed feh fh_c[hW l[p [b '( Z[ `kb_e Z[ '/,( [d [b CWhgk[[ 9bkX Z[ BedZh[i Wdj[i Z[ Yedl[hj_hi[ c|i WZ[bWdj[ [d kde Z[ bei ]hkfei c|i fefk# bWh[i Z[ bW ^_ijeh_W Z[b heYa$ +%.ĹŠ#2/#!( +
I[]‘d bW [Z_jeh_Wb [ijWZek# d_Z[di[" bW eXhW ÆYedjWh| bW ^_ijeh_W Z[ bW XWdZW Z[ kdW cWd[hW gk[ dkdYW Wdj[i i[ ^WX‡W ^[Y^e" [d bWi fhef_Wi fWbWXhWi Z[ iki c_[cXhei" W jhWlƒi Z[ _c|][d[i [if[Y_Wb# c[dj[ [iYe]_ZWi feh [bbei c_iceiÇ$ BW fh[i_Z[djW Z[ >of[# h_ed" ;bb[d 7hY^[h" Wi[]khÂŒ gk[ Ækd Wd_l[hiWh_e Yece [ij[ h[gk_[h[ kd b_Xhe Wbk# Y_dWdj[Ç" [d [b gk[ Z_`e gk[ @W]][h" H_Y^WhZi" MeeZ o MWjji Æi[ ^Wd [i\ehpWZe fWhW WdWb_pWh [b Yedj[d_Ze Z[iZ[ jeZei bei |d]kbei fei_Xb[iÇ fWhW be]hWh Ækd fheZkYje _d# Yh[‡Xb[Ç gk[ ^Wh| bWi Z[b_Y_Wi Z[ bei WĂ’Y_edWZei$
¡
Ċŋ
?% D8I:<CF D<A@8 I% _d\a`X7cX_fiX%Zfd%\Z
75(,17$ 'Ì$6
Ġ !(¢ũ4-ũ"~ ũ!.,.ũ'.8ğ
"ēũ/.2##ũ+ ũ$.13 +#9 ũ(-3#1- ũ-#!#2 1( ũ / 1 ũ31 -2,43 1ũ+.ũ-#% 3(5.ũ/.1ũ/.2(3(5.ũ8ũ / 1 ũ24 84% 1ũ ũ24ũ2#1ũ(-$#1(.1ēũ 4ũ"4+941 ũ 8ũ2#-2( (+(" "ũ%4 1" ũ ũ4- ũ/#12.- ũ"#ũ #2/~1(34ũ$4#13#ũ8ũ"#!("(".ũ04#ũ-.ũ2#ũ"#) 1;ũ ,#"1#-3 1ũ/.1ũ- " ēũ
&219,&72 ',26 (1 (/ ,6/$0 3$72
0(;,&$1$
ũũ
ĸ)4+(.ũĉĊũıũ %.23.ũĉĉĹũ
2ũă- -9 2ũ"#ũ24ũ/ 1#) ũ/ 2 -ũ/.1ũ4-ũ 4#-ũ,.,#-3.ũ/.1ũ+.ũ04#ũ"# #1;ũ /1.ı 5#!' 1ũ +ũ,;7(,.ēũ #!4#1"#Ėũ ũ5(134"ũ #2ũ4- ũ#2/#!(#ũ"#ũ2 +4"Ĕũ"#ũ #++#9 ũ8ũ"#ũ 4#- 2ũ!.234, 1#2ũ"#+ũ +, ē
ũũ
ĸ %.23.ũĉĊũıũ2#/3(#, 1#ũĉĉĹ
ũ5(" ũ"#ũ/ 1#) ũ3#-"#1;ũ ũ,#).1 1Ĕũ+ ũ1#ı + !(¢-ũ!.-ũ#23 ũ2#1;ũ,4!'.ũ,;2ũ!#1! - ēũ 4#-ũ,.,#-3.ũ/ 1 ũ+ 2ũ2.!(#" "#2ē #!4#1"#Ėũ 4(#-ũ3(#-#ũ,4!'.2ũ5(!(.2ũ 3(#-#2ũ,4!'.2ũ ,.2ē ũ
ũũ
ĸ2#/3(#, 1#ũĉĊũıũ.!34 1#ũĉĉĹ /1.5#!'#ũ+ 2ũ$ !(+(" "#2ũ04#ũ#+ũ"#23(-.ũ +#ũ#23;ũ/1#2#-3 -".ũ#-ũ#+ũ;1# ũ"#ũ31 ).ũ 8 ũ04#ũ2#1;-ũ,48ũ #-#ă!(.2 2ũ/ 1 ũ "ēũ #!4#1"#Ėũ +ũ5#1" "#1.ũ/."#1ũ!.-2(23#ũ#-ũ 2 #1ũ04#ũ2~ũ2#ũ/4#"#Ĕũ/#1.ũ-.ũ2#ũ04(#1#ē
ũũ
ĸ.!34 1#ũĉĊũıũ-.5(#, 1#ũĉĈĹũ
ũ5(" ũ2#-3(,#-3 +ũ2#ũ !3(5 ėũ "ēũ2#ũ /4#"#ũ#-!.-31 1ũ!.-ũ+ ũ/#12.- ũ04#ũ+#ũ 1(-"#ũ+ ũ$#+(!(" "ũ04#ũ#23 ũ 42! -".ēũ #!4#1"#Ėũ - ũ5(" ũ#)#,/+ 1ũ#2ũ#+ũ,#).1ũ . 2#04(.ũ ũ-4#231.2ũ2#,#) -3#2ē
ũũ
ĸ-.5(#, 1#ũĉĉũıũ"(!(#, 1#ũĉĈĹũ
ũ2(34 !(¢-ũ"#-31.ũ"#ũ24ũ'.% 1ũ2#1;ũ,;2ũ #23 +#ũ8ũ#23.ũ 84" 1;ũ ũ04#ũ+ ũ! +, ũ (,/#1#ũ#-ũ#23 ũ;1# ēũ #!4#1"#Ėũ .ũ2#ũ /4#"#ũ2#1ũ+ ũ,(3 "ũ"#ũ 4#-.ē
ũũ
ĸ"(!(#, 1#ũĉĉũıũ#-#1.ũĈĒĹ 23#ũ2#1;ũ4-ũ 4#-ũ,.,#-3.ũ/ 1 ũ+.2ũ -#%.!(.2ũ8ũ#234"(.2ũ+.ũ04#ũ-.ũ"# #1;ũ"#ıēũ 2 /1.5#!' 1ēũ #!4#1"#Ėũ 11 1ũ#2ũ'4, -.Ĕũ /#12#5#1 1ũ#-ũ+.2ũ#11.1#2ũ#2ũ"( ¢+(!.ē
&+,12
(;7(16,Ð1
7,=$ 3/$17$
3$/0$ '( ),%5$ 7(;7,/
75(3$'25$ &$3,7$/ '( 3(5Ô
35,0(5$
(48,92&$'$
92&$/
&,8'$' '( (63$f$
/2'2
5(=$5
683/,&$5
7(6252
6Ì0%2/2 '(
&85$5
&219,&72
75$03$
5(&257$5 6863(1'(5
$5*2//$
/2&202725$
5(/$7,92 $/ 62/
%2*$5 &$16$'$
,*8$/'$' (1 /$ 683(5),&,(
&21-8172 '(
3$86$'2
(6/$%21(6
(0%$5&$&,Ð1 '(/ ',/89,2
$326(172
/,=$
48Ì0,&2 '( 6Ì0%2/2 8
//$1$ /,6$
62/,7$5,2
+857$5
6Ì0%2/2 '( 1(Ð1 *52685$ '( 81 $1,0$/
6ROXFLyQ DQWHULRU /
2
$
5
2 6 7(50,1$&,Ð1 9(5%$/
<8148( '(/ 3/$7(52
$3Ð&23( '( 6$172
6
6 3$Ì6 '( $6,$
&21)/,&72
/ $'9(5%,2 '( &$17,'$'
)5872 '( /$ 9,'
0$75,021,2
//$12 /,62
3
3
$
/
$
9
$
(1)(50('$'
'( $,5(
8
7
&$/$0%5( (1 /26 0Ô6&8/26 7(55(12 81,)25 0( < ',/$7$'2
$
5
8
$
0
,
'
&$3,7$/ '( 1258(*$ (67,5$5
&5(0$ '( /$ /(&+(
352120%5( 3(5621$/
2
5
(
$
5
/
2
+20%5( (1
(
0
92= '( $558//2
1
2
,1*/e6
6 (
5
1(8752
(
0
&
$57Ì&8/2
, $
'(50,6
5Ì2 '( $/(0$1,$ //(*$5 $ 81
$
/,&25
3 0
2
5
1
&
'
$
$
$
5(=$5 683/,&$5
1
$
7
5 &,8'$' '( 9(1(=8(/$
2 $)/8(17(
$
.
$
7 $
,
/ $&75,= '( /$ 3(/Ì&8/$ 72'26 /26 +20%5( '(/ 5(<
6
1
58('$ 1(80É7,&2 626(*$5 75$148,/,=$5
5
$/7$5
$
5
$
$6,'(52
5
2
0
$
0$1*2
(
$
/ $
$&8(5'2
&
$/$5*$5
/ 2
,
'
2
5
2
1
'
1
$
$3Ð&23( '(
&(/(%5,'$'(6 ( J8EK@8>F ;< C8 ?FQ 2 (//* $ (0(+ GF<K8 D<O@:8EF%# CC8$ 5 D8;F <C ÈGF<K8 ;< C8 I<MFCL:@äEÉ% JL F9I8 $ DÝJ JF9I<J8C@<EK< <J J@E=FEà8 ;< :FD98K< 5
*5$1'(
;75$f2
2 6$172 (1 32578*8e6 '8(f$
5(6,'82
%É6&8/$ &,8'$' '( %5$6,/
1 $
21'$
(
:
$
7
,
/
3/$1$ //$1$
1
6
2 &20(',$17(
$
7
0
$
/
$
$
/
(
7
*$/É1 (675(//$ (1 ,1*/e6
0$7(5,$ 7(;7,/
1 $ & 0É48,1$ 3$5$ 7(-(5
+2*$5
%
/
*
$
2 /
1
6
*8,6$5
$
5
$
08-(5
6
(
32/Ì7,&2
h_lWb[i$ ;b j_[cfe ^W fWiWZe" 7h_Yb[d[i i[ ^W Z_lehY_WZe Z[ IkpWdW Yed bW gk[ jkle kd ^_`e" c_[djhWi gk[ 7dZh i[ ^W jhWdi\ehcWZe [d @WYgk[i B[YbW_h" kd Z_i[ WZeh Z[ ceZWi gk[ de [i cko X_[d YedeY_Ze [d [i[ ckdZe jWd Yecf[j_j_le$ L[W Y ce [b h[[dYk[djhe Z[ bei Zei h[l_l[ kdW l_[`W Z_ifkjW$
35,0(5$ 38/021$5
1
,
680$5
/$%5$5
812 (1 ,1*/e6
&,8'$' '( 8*$1'$ 9$6,-$ 3$5$
2 6$%526$
&
5(68/7$'2 '(
ŗũ ũ:[iZ[ cko f[gk[ ei" 7h_Yb[d[i o 7dZh ^Wd i_Ze &$/0262
$5*(17,12
$6752 5(<
ĔũĉćĖČĎ
$*5,$
)8( &$17$17( &20326,725 < $&725
$&725 '( /$ 3(/Ì&8/$ (/ 6(f25 '( /26 $1,//26
4!'(!'#.2
&,8'$' 0$5$9, //$ '(/ 081'2 $17(6 '( &5,672
+,-2 '( 'e'$/2 0,6,9$
/
&5202
3Ô%/,&2
(0%867(
ĸ, 19.ũĉĈũıũ 1(+ũĈĒĹ
ũ! +, ũ8ũ#+ũ./3(,(2,.ũ2#1;-ũ,48ũ (,/.13 -3#2ũ8ũ5 +(.2.2ũ#-ũ#+ũ,.,#-3.ũ"#ũ 1#2.+5#1ũ+.2ũ/1. +#, 2ũ8ũ+(,(3 !(.-#2ēũ #!4#1"#Ėũ ũ+( #13 "ũ-.ũ!.-2(23#ũ#-ũ' !#1ũ +.ũ04#ũ2#ũ04(#1#ũ2(-.ũ#-ũ' !#1ũ+.ũ04#ũ2#ũ "# #ē
ĸ)4-(.ũĉĉũıũ)4+(.ũĉĉĹ +ũ /.8.ũ8ũ+ ũ 84" ũ04#ũ1#!( ũ"#+ũ#731 -ı )#1.ũ#-ũ#23#ũ,.,#-3.ũ2#1;-ũ,48ũ5 +(.2.2ũ / 1 ũ "ēũ #!4#1"#Ėũ +ũ5#1" "#1.ũ2 (.ũ 2¢+.ũ#2ũ1(%41.2.ũ!.-2(%.ũ,(2,.ėũ!.-ũ+.2ũ "#,;2ũ#2ũ , +#ē
520$126 7(5&(5$ 92&$/
32/Ì7,&2
'(675(=$
'8(f$
ũũ
: ũũ
&,1&8(17$ (1
&(5(021,$
ĸ$# 1#1.ũĉćũıũ, 19.ũĉćĹũ 4ũ/#12.- +(" "ũ2#1;ũ,;2ũ %1 " +#ũ8ũ $#!34.2 ēũ "ēũ#-!.-31 1;ũ+ ũ! +, ũ8ũ$#+(ı !(" "ũ04#ũ' ũ 42! ".ēũ #!4#1"#Ėũ (#-2#Ĕũ !1# Ĕũ24# #ũ8ũ 31_5 2#ē
ĸ, 8.ũĉĈũıũ)4-(.ũĉĈĹ +ũ;1# ũ/1.$#2(.- +ũ2#ũ !3(5 ũ#-ũ24ũ5(" ũ +.ũ04#ũ' !#ũ04#ũ "ēũ!1#9! ũ8ũ/1.2/#1#ũ #-ũ#23 ũ;1# ēũ #!4#1"#Ėũ +ũ04#ũ-.ũ#2/#1 ũ - " ũ"#ũ+.2ũ'., 1#2ũ#2ũ24/#1(.1ũ ũ3.".2ũ +.2ũ'., 1#2ē
3/$12 /,62
3(f$6&2 (6326$ '( $%5$+$0
āā
/(&+2 3,e/$*2
,1*/(6$
(7,48(7$
ĀĆŏ ŏ ŏ ŏĂĀāĂŏ
ŏ +. Čŏ
5$//$5 /,0$5
&(59(=$
ũũ
^ ũ
/$1=$5 3529((5 '( $50$6
6Ì0%2/2 '( 5$',2 *5,72 7$85,12
ĸ#-#1.ũĉćũıũ$# 1#1.ũĈĒĹ +ũ;1# ũ#!.-¢,(! ũ2#ũ !3(5 ũ #-#ă!(;-ı ".+#Ĕũ+ ũ!.,/1 ũ8ũ5#-3 ũ"#ũ 43.2ũ8ũ.31.2ũ (#-#2ũ+#ũ 84" Ĕũ#2ũ/1. +#ũ04#ũ1#!( ũ /.8.ũ#!.-¢,(!.ũ"#ũ4-ũ/ 1(#-3#ũ248.ēũ #!4#1"#Ėũ 4!' 2ũ5#!#2ũ! 23(% ũ (.2ũ!.-ũ +.ũ04#ũ" Ĕũ8ũ/1#,( ũ!.-ũ+.ũ04#ũ-(#% ē
ĸ 1(+ũĉćũıũ, 8.ũĉćĹ +ũ /.8.ũ04#ũ+#ũ 1(-" -ũ242ũ ,(%.2ũ#2ũ (-,#-2 ,#-3#ũ5 +(.2.ũ/ 1 ũ "ēũ8ũ+.ũ ' !#-ũ4- ũ/#12.- ũ,;2ũ$#+(9ũ8ũ./3(,(23 ēũ #!4#1"#Ėũ !3.ũ#2ũ+ ũ' (+(" "ũ"#ũ31 3 1ũ 04#ũ#+ũ.31.ũ5# ũ+ ũ+49Ĕũ2(-ũ' !#1+#ũ2#-3(1ũ #+ũ1 8.ē
7,$5$5
)8( 81$ &$1 7$17( $5*(17, 1$ 1$&,21$/,=$
ũũ
ũũ
0
$
2
/,&25 52('25
$)Ð1,&$
6Ì0%2/2 '(
$5%8672
&+,12
1,1)$ 48( 9,9( (1 /$6 $*8$6
$ &+,)/$'2
&$/,'$' '(
$
2
,
É7202
5
/
,
& 5$=$
&,8'$' '( &+,/(
$
6(*81'$
( 1
(
*,7$12 '(
0
,
(6&5,785$ (1 /$ &58=
1
$
&20,'$ (1 /$ 12&+( 812 (1 ,1*/e6
3529,6,Ð1 '( 9Ì9(5(6
&$55$63(2
$*8$ (1 ,1*/e6
5Ì2 '( )5$1&,$
92&$/
&(5&$12
&$/&,2
&+,12
0$5683,$/ $8675$/,$12 6,/(1&,262
1
6
$
$
&
5(6(59$'2
$57Ì&8/2
5
)(0(1,12
2
1
(
7(50,1$&,Ð1
6
$
&
7
2
}
9(5%$/
+ũ2Ì/#1ũ %#-3#ũđď
Ċŋ
ĔũĉĉĖćć
ŗũ ũũIj[l[ 9Wh[bb [i CWnm[bb IcWhj" kd W][dj[ [dYkX_[hje
_!3.1ũ (++ ı . .2
gk[ \h[Yk[dj[c[dj[ i[ c[j[ [d fheXb[cWi f[he Wb gk[ dkdYW i[ b[ W]ejWd bWi efY_e# d[i$ KdW l[p c|i" i[ jhWjW Z[ 9edjheb l[hiki AWei$ ;ijW Yec[Z_W Z[ WYY_ d" XWiWZW [d kdW gk[h_ZW o [n_jeiW i[h_[ Z[ j[b[l_i_ d Z[ bei W ei ,&" [d# \h[djW Wb 7][dj[ ., YedjhW kd fbWd Z[ fhefehY_ed[i dkYb[W# h[i Z[b cWb_]de Yed]bec[hWZe Z[ [if Wi$
ĸĈđđĐıĈĒĎĒĹ
ũũũFheb ÒYe Yecfei_jeh o ŗũ f[ZW]e]e XhWi_b[ e dWY[ kd Z W Yece ^eo [d H_e Z[ @Wd[_he$ 9bWh_d[j_ijW" ]k_jWhh_ijW" f_W# d_ijW o l_ebedY^[b_ijW" ik [ij_be Yecfei_j_le dkdYW i[ [dYWi_bb [d d_d]kdW dehcW WYWZ c_YW o ik c i_YW \k[ f[hiedWb [ _Z_ei_dYh|j_YW$ :_i[ kd i_i# j[cW Yecfb[je Z[ _dijhkYY_ d cki_YWb fWhW ][d[hWY_ed[i Z[ XhWi_b[ ei$ Ik ^[h[dY_W fh_dY_# fWb [d [b 8hWi_b Z[ ^eo i[ h[Ó[`W [d bW [iYk[bW Z[ iWcXW Yece kdW \k[hj[ i[diWY_ d Z[ eh]kbbe o Wceh" kd YWie _di b_je fWhW kd Yecfei_jeh Yb|i_Ye \Wbb[Y_Ze ^WY[ c|i Z[ +& W ei$
: ũ }
-(5#12(" "ũ#,/+# 1;ũ#-#1%~ ũ +3#1- 3(5 ũ
^ Ĕũ ũě BW Y_kZWZ _ihW[#
b Z[ 7i^ZeZ \eje " [d bW YeijW eYY_Z[djWb o Wb ikh Z[ J[b 7l_l" heZ[WZW Z[ dWjkhWb[pW o Wdj_# ] [ZWZ" Yedijhk_h| fh n_cW# c[dj[ kd YWcfki kd_l[hi_jWh_e gk[ \kdY_edWh| Yed [d[h] W Wb# j[hdWj_lW" [b fh_c[he Z[ [ij[ j_fe [d ?ihW[b$ ;b Yecfb[`e eYkfWh| '* ^[Yj|h[Wi o ][d[hWh| bW c_jWZ Z[ bW [d[h] W gk[ YedikcW W jhW# l i Z[ fWd[b[i iebWh[i o \k[dj[i Z[ [d[h] W ][ej hc_YW" _d\ehc Wo[h [b Z_Wh_e _ihW[b È>WWh[jpÉ$ ;b YWcfki [ijWh| kX_YWZe W
bW [djhWZW Z[ 7i^ZeZ" Y_kZWZ fehjkWh_W ieXh[ [b C[Z_j[hh|d[e o bW gk_djW Z[b fW i" o WbX[h]Wh| kd _dij_jkje Z[ ?d][d_[h W" kdW [iYk[bW Z[ ;d\[hc[h W o ejhW Z[ ;ijkZ_ei C[Z_eWcX_[djWb[i$ Ik YedijhkYY_ d Yec[dpWh| Z[djhe Z[ kd W e o j[dZh| kd Yeij[ Z[ )&& c_bbed[i Z[ i^[a[bi kdei -/ c_bbed[i Z[ Z bWh[i $ ;b Z_i[ e [b[]_Ze j_[d[ Yece eX`[j_le fh[i[hlWh [b fW_iW`[$ 7b# ]kdei Z[ bei [Z_ÒY_ei [ijWh|d b[# lWdjWZei ieXh[ f_bWh[i o [b YWc# fki kd_l[hi_jWh_e YedjWh| Yed
kd c_hWZeh fWhW Z_i\hkjWh Z[ bWi l_ijWi Z[ bWi ZkdWi gk[ heZ[Wd [b bk]Wh$ 7bh[Z[Zeh Z[ -&$&&& h[Y_ d bb[]WZei" [d ik cWoeh W Z[ bW [n Kd_ d Iel_ j_YW" ^Wd ^[Y^e Wk# c[djWh bW feXbWY_ d Z[ 7i^eZ W '/&$&&& ^WX_jWdj[i$
Ĺ? Ĺ? Ĺ? Ĺ? Ĺ?
Ä Ä‚
ĀĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
¢5#-#2Ŋ(-$.1, ".2ĔŊ ,;2Ŋ1#2/.-2 +#2 !.-Ŋ24Ŋ2#74 +(" "
ēŊ .1Ŋ +.Ŋ%#-#1 +ĔŊ+.2Ŋ'().2Ŋ"#Ŋ , "1#2Ŋ ".+#2!#-3#2Ŋ 24#+#-Ŋ1#/#3(1Ŋ#+Ŋ,(2,.Ŋ / 31¢-ē
+ 1Ŋ +Ŋ1#2/#!3.Ŋ/4#"#Ŋ 84" 1Ŋ !.-.!#1Ŋ!¢,.Ŋ#5(3 1Ŋ#, 1 9.2Ŋ-.Ŋ "#2# ".2Ŋ8Ŋ.31.2Ŋ 2/#!3.2ēŊ
I[]‘d [b 9[die Z[ FeXbWY_ÂŒd o Wkc[djWZe kd -* " c_[djhWi L_l_[dZW gk[ [b ?dij_jkje DW# gk[ bW Y_\hW [d Y^_YWi [djh[ '+ o Y_edWb Z[ ;ijWZ‡ij_YWi o 9[die '/ W‹ei Wkc[djÂŒ kd / $ ?D;9 h[Wb_pÂŒ [d (&'&" [b '-"( ;d kdW YecfWhWY_ÂŒd gk[ h[W# Z[ ck`[h[i [djh[ '+ o '- W‹ei b_pÂŒ [b CIF [d YkWdje Wb d‘c[# Z_[hed W bkp Wb c[dei kdW l[p he Z[ [cXWhWpei WZeb[iY[dj[i [d ;YkWZeh" fehY[djW`[ gk[ Ye# h[]_ijhWZei [d bW CWj[hd_ZWZ ?i_Zhe 7oehW" i[ [l_Z[dY_ÂŒ hh[ifedZ[ W '('$(.. WZe# gk[ ZkhWdj[ '//. bW Y_\hW b[iY[dj[i$ ĹŠ bb[]ÂŒ W ', " [d (&&. Wb# KdW Z[ [bbWi [i Ăˆ:Wd_[bW HeZh‡]k[pÉ decXh[ fhe# YWdpÂŒ (,"+ o [d (&'& \k[ Z[ (- " be gk[ ck[ijhW kd j[]_Ze gk_[d gk[ZÂŒ [cXW# +ĹŠ (-(23#1(.ĹŠ"#ĹŠ +4"ĹŠ ĂŒ +(! ĹŠ hWpWZW W bei '- W‹ei" c_[d# 2#%41 ĹŠ04#ĹŠ+.2ĹŠ Wkc[dje Z[ YWiei$ 7Z[c|i" =k_`Whhe i[# jhWi YkhiWXW i[nje Ykhie$ )¢5#-#2ĹŠ/4#"#-ĹŠ 3#-#1ĹŠ !!#2.ĹŠ Æ;ijWXW cko WikijWZW" de %1 34(3.ĹŠ ĹŠ -3(Äą ‹WbW gk[ [b ‡dZ_Y[ Z[ [c# !.-!#/3(5.2ĹŠ#-ĹŠ gk[h‡W j[d[h gk[ Wikc_h 3.".2ĹŠ+.2ĹŠ!#-31.2ĹŠ XWhWpei WZeb[iY[dj[i [d ;YkWZeh [i [b c|i Wbje Z[b [iW h[ifediWX_b_ZWZ" ieXh[ "#ĹŠ2 +4"ĹŠ"#ĹŠ/1(Äą ,#1ĔŊ2#%4-".ĹŠ8ĹŠ jeZe fehgk[ j[d‡W ckY^ei 3#1!#1ĹŠ-(5#+ēŊ |h[W WdZ_dW$ ik[‹ei W bei gk[ jkl[ gk[ h[dkdY_WhÇ" Yec[djW bW `e# " ĹŠ5#9ĹŠ,;2ĹŠ3#,/1 -. l[d" gk_[d W^ehW j_[d[ (+ ĹŠ ;d ;YkWZeh" feh YWZW W‹ei" [ij| YWiWZW o `kdje '$&&& d_‹Wi [djh[ '( o '* W‹ei" dk[l[ oW ied cW# W ik [ifeie Yh‡W W kd d_‹e -ĹŠ! 2.ĹŠ"#ĹŠ-#!#Äą c|i" _dZ_YWd bWi Y_\hWi Z[b Z[ i_[j[ W‹ei$ 2(3 1ĹŠ(-$.1, !(¢-ĹŠ .ĹŠ!.-2#)#1~ ĹŠ#-ĹŠ CIF$ 3#, 2ĹŠ"#ĹŠ2 +4"ĹŠ FWhW =k_`Whhe [ije [i (34 !(¢-ĹŠ04#ĹŠ!1#!#ĹŠ 2#74 +ĹŠ8ĹŠ1#/1.Äą IkiWdW =k_`Whhe" b‡Z[h Z[ "4!3(5 ĔŊ -3(!.-Äą fh[eYkfWdj[ fk[i bei [i# !#/3(5.2ĹŠ8ĹŠ/+ -(Äą IWbkZ [d bW WZeb[iY[dY_W $(! !(¢-ĹŠ$ ,(+( 1ĔŊ jkZ_ei jWcX_ƒd h[l[bWd Z[b C_d_ij[h_e Z[ IWbkZ !.-3;!3#2#ĹŠ!.-Ä–ĹŠ gk[ c_[djhWi c|i j[cfhW# ÄˆÄ‘Ä‡Ä‡ĹŠÄŒÄŒÄŽÄŽÄŽÄ?Ä? F‘Xb_YW CIF " Yec[djW ÄˆÄ‘Ä‡Ä‡ĹŠÄ?Ä?ĊđĊÄ? de i[ _d_Y_W bW cWj[hd_ZWZ" gk[ [b j[cW Z[ bei [cXW# 666Ä“/+#- Äą 2#74 +(" "Ä“!.,ĹŠ c|i fei_X_b_ZWZ[i ^Wo Z[ dk[lei [cXWhWpei ZkhWd# hWpei WZeb[iY[dj[i i[ ^W Yedl[hj_Ze [d Wb]e YWZW j[ bW WZeb[iY[dY_W$ l[p c|i fh[eYkfWdj[ fehgk[ Zk# 7hcWdZe 9^|l[p" ]_d[Ye# hWdj[ bW ‘bj_cW ZƒYWZW" [b d‘c[# eXij[jhW" c_[cXhe Z[ bW IeY_[# he Z[ `ÂŒl[d[i [djh[ '& o '* W‹ei ZWZ ;YkWjeh_WdW Z[ =_d[Yebe]‡W gk[ i[ Yedl_[hj[d [d cWZh[i ^W o EXij[jh_Y_W o Fh[i_Z[dj[ Z[ I;=E F_Y^_dY^W" [nfb_YW gk[ kdW ck`[h fk[Z[ gk[ZWh [d [ijW# Ze Z[ ][ijWY_ÂŒd Z[iZ[ gk[ ^W j[# # +(" " d_Ze ik fh_c[hW c[dijhkWY_ÂŒd$ , 1 9.2ĹŠ ".+#2!#-3#2 ÆI[ iWX[ gk[ [d bWi ‘bj_cWi ZƒYWZWi ^W Z_ic_dk_Ze bW [ZWZ ĹŠ -ĹŠ !4 ".1ĹŠ' 8ĹŠÄŠÄ“Ä?Ä‘ÄŒĹŠ-( 2ĹŠ04#ĹŠ8 ĹŠ2.-ĹŠ [d gk[ bW ck`[h j_[d[ ik fh_c[hW Ĺ—, "1#2Ä“ c[dijhkWY_ÂŒd" Wdj[i [b fhec[Z_e ĹŠ .1ĹŠ! " ĹŠ,(+ĹŠ-( 2ĹŠ#-ĹŠ#" "#2ĹŠ#-31#ĹŠÄˆÄ‰ĹŠ8ĹŠ [hW Z[ ') e '* W‹ei" f[he [ije ^W Ĺ—ÄˆÄŒĹŠ  .2ĔŊ-4#5#ĹŠ2.-ĹŠ, "1#2Ä“ XW`WZe o ^Wo d_‹Wi gk[ W bei / e '& W‹ei oW j_[d[d ik fh_c[hW ĹŠ +ĹŠÄˆÄ?Ä”Ä‰Ĺ˜ĹŠ"#ĹŠ+ 2ĹŠ ".+#2!#-3#2ĹŠ#-31#ĹŠÄˆÄŽĹŠ8ĹŠ Ĺ—ÄˆÄ’ĹŠ  .2ĹŠ2.-ĹŠ, "1#2Ä“ c[dijhkWY_ÂŒdÇ" Yec[djW [b [i# f[Y_Wb_ijW" gk_[d W]h[]W gk[ [ije ĹŠÄŒÄŽĹ˜ĹŠ"#ĹŠ+ 2ĹŠ ".+#2!#-3#2ĹŠ#, 1 9 " 2ĹŠ Ĺ—-.ĹŠ31 Yedbb[lW W kd h_[i]e c|i j[c# ) -ĹŠ-(ĹŠ#234"( -ĹŠ!4 -".ĹŠ 04#" 1.-ĹŠ#, 1 9 " 2Ä“ fhWde Z[ gk[ZWh [cXWhWpWZW i_ i[ j_[d[d h[bWY_ed[i i[nkWb[i i_d ĹŠ -.ĹŠ"#ĹŠ! " ĹŠ!(-!.ĹŠ/ 13.2ĹŠ!.11#2/.-"#ĹŠ ĹŠ Ĺ— ".+#2!#-3#2ĹŠ,#-.1#2ĹŠ"#ĹŠÄˆÄ’ĹŠ  .2Ä“ fhej[YY_ÂŒd$ ;ije i[ fk[Z[ Z[X[h W kdW
i[h_[ Z[ _d\bk[dY_Wi [nj[hdWi gk[ WokZWd W gk[ [b i_ij[cW [d# ZÂŒYh_de Z[ bW ck`[h ĂˆZ[if_[hj[É c|i j[cfhWde$ ;djh[ [ijWi _d# Ă“k[dY_Wi [ij|d Æ[b XecXWhZ[e Z[ fkXb_Y_ZWZ o [b [ij_be Z[ l_ZW Z[ YWZW f[hiedW YWb_ZWZ Z[ bW Wb_c[djWY_ÂŒd o i_ ^WY[ e de WYj_# l_ZWZ \‡i_YW Ç$
][dj[i o iWXh|d YÂŒce Yk_ZWhi[ [d\[hc[ZWZ[i Z[ jhWdic_i_ÂŒd [d YWie Z[ Z[Y_Z_h [b _d_Y_e Z[ ik i[nkWb" f[he [i kd cƒjeZe gk[ de j_[d[ Xk[dW [Ă’YWY_W Wdj_Yed# l_ZW i[nkWb$ Y[fj_lW oW gk[ j_[d[ kd (& Z[ fheXWX_b_ZWZ[i Z[ \hWYWie$ 1.%1 , !(¢-ĹŠ8ĹŠ -3(!.-!#/!(¢Feh [ie h[Yec_[dZW gk[ WfWh# Æ9WZW kde j_[d[ bW Z[Y_i_ÂŒd [d iki cWdei" dWZ_[ fk[Z[ [b[# j[ Z[ YedZed[i" bWi ck`[h[i kj_# ]_h feh ejhW f[hiedWÇ" Yec[djW b_Y[d cƒjeZei ^ehcedWb[i" gk[ KbbeW" gk_[d W]h[]W gk[ Yed kdW fk[Z[d [dYedjhWhi[ [d Z_\[# Xk[dW XWi[ [ZkYWj_lW bei WZe# h[dj[i fh[i[djWY_ed[i0 fWij_bbWi "4! !(¢-ĹŠ#-ĹŠ+ ĹŠ$ ,(+( b[iY[dj[i j_[d[d bW fei_X_b_ZWZ Z_Wh_Wi" fWhY^[i i[cWdWb[i" _d# I[]‘d =k_`Whhe" bW \Wc_b_W [i [b Z[ [iYe][h [djh[ WXij[dY_ÂŒd" o[YY_ed[i c[dikWb[i e Wd_bbe lW# feij[h]WY_ÂŒd Z[b _d_Y_e Z[ bW ]_dWb c[dikWb" bei YkWb[i j_[d[d d‘Yb[e ZedZ[ bei `ÂŒl[d[i l_ZW i[nkWb e [cf[pWh# kdW [Ă’YWY_W Z[b // $ Wfh[dZ[d ieXh[ lWbeh[i o [ij_bei Z[ l_ZW$ 7i_# bW$ F[he [i ikcWc[dj[ jhWiY[dZ[djWb kj_b_pWh c_ice" ied bei fW# fhej[YY_ÂŒd fWhW [l_jWh Zh[i bei [dYWh]WZei [cXWhWpei de Z[i[W# Z[ [di[‹Wh W iki ^_# `ei W [ijWXb[Y[h fhe# Zei o [d\[hc[ZWZ[i Z[ jhWdic_i_ÂŒd i[nkWb$ o[Yjei Z[ l_ZW gk[ fk[ZWd Ykcfb_h" FWhW 9^|l[p [i _c# i_d gk[ [ij[ i[ [d# fehjWdj[ gk[ bei `ÂŒl[d[i ki[d ZeXb[ i[]kh_ZWZ \egk[ ‘d_YWc[d# fehgk[ ZkhWdj[ [iW [jW# j[ [d bW YWdj_ZWZ Z[ ^_`ei gk[ fW Z[ bW l_ZW bWi h[bWY_e# gk_[h[ j[d[h" d_ d[i i[dj_c[djWb[i de [d bW fhe\[i_ÂŒd" ied [ijWXb[i o bei Y^_# i_de [d kd WXW# Yei YWcX_Wd \h[Yk[d# d_Ye Yecfb[je j[c[dj[ Z[ fWh[`W" be Z[ efY_ed[i$ gk[ Wkc[djW [b h_[i]e 9 h _ i j _ d W Z[ YedjhW[h YkWbgk_[h KbbeW" fh[i_## _d\[YY_ÂŒd e fWjebe]‡W gk[ i[ YedjW]_[ feh Z[djW Z[ bW 9eef[hW# l‡W i[nkWb$ ÆDe ^Wo d_d]‘d Y_ÂŒd fWhW bW cƒjeZe Wdj_Yed# Fh[l[dY_ÂŒd Z[ ;cXWhWpei de :[# Y[fj_le gk[ i[W '&& i[]kheÇ" i[WZei ;YkWjeh_WdW 9effh[dZ[ " Wi[]khW i[‹WbW [b [if[# gk[ i_ bei fhe][d_je# Y_Wb_ijW o [n# h[i Ykcfb[d ik fWhj[ fb_YW gk[ bei o b[i [nfb_YWd W iki fh[i[hlWj_lei ^_`ei WY[hYW Z[ bW _c# ied bW c[`eh \ehcW Z[ fehjWdY_W Z[ [ijWh [ l _ j W h eYkfWZei o jhWXW# `Wh feh WbYWdpWh iki c[jWi" o h[\k[hpWd [ije Yed kdW [nfb_# YWY_ÂŒd WY[hYW Z[ bW i[nkWb_ZWZ" bW fbW# ÂĄ ēŊ .-ĹŠ d_Ă’YWY_ÂŒd \Wc_b_Wh o [b Yehh[Yje kie Z[ +.2ĹŠ/ "1#2ĹŠ04(#-#2ĹŠ"#Äą Wdj_YedY[fj_lei" #-ĹŠ#-2# 1ĹŠ ĹŠ242ĹŠ'().2ĹŠ bei `ÂŒl[d[i feZh|d !#1! ĹŠ"#ĹŠ+ ĹŠ2#74 +(" "Ä“ jecWh Z[Y_i_ed[i _dj[b_#
-".,#31(.2(2ũ#+#5 ı 1~ ũ1(#2%.ũ"#ũ!;-!#1
ŗũũ
BWi fWij_bbWi fWhW Zehc_h h[Y[# jWZWi gk_p|i b[ WokZ[d W eXj[d[h [b Z[iYWdie gk[ d[Y[i_jW Z[ deY^[" f[he kiWhbWi Z[ \ehcW hkj_dWh_W jWcX_ d feZh W Wkc[djWh bWi fheXWX_b_ZWZ[i Z[ gk[ ck[hW e Z[iWhhebb[ Y_[hjei j_fei Z[ Y|dY[h" ik]_[h[ kdW _dl[ij_]WY_ d$ Kd dk[le [ijkZ_e fhefed[ gk[ bei gk[ jecWd [iei \|hcWYei j_[d[d YkWjhe l[Y[i c|i fheXWX_b_ZWZ[i Z[ ceh_h gk[ bei gk[ de$ 7Z[c|i" bW _dl[ij_]WY_ d ck[ijhW gk[ [b kie Z[ iecd \[hei jWcX_ d i[ Wie# Y_W W kd cWoeh h_[i]e Z[ Y_[hjei Y|dY[h[i$ ē
ŗũ ũBWi ck`[h[i Yed Wdj[Y[# Z[dj[i Z[ [dZec[jh_ei_i
[nf[h_c[djWd kd Wkc[dje i_]d_ÒYWj_le [d [b h_[i]e Z[ Z[iWhhebbWh jh[i j_fei Z[ Y|dY[h Z[ elWh_e" i[] d kd [ijkZ_e h[Y_[dj[$ Æ;ij[ WlWd# Y[ feZh W bb[lWh W kdW c[`eh _Z[dj_ÒYWY_ d Z[ bWi ck`[h[i [d cWoeh h_[i]e Z[ Y|dY[h Z[ elWh_e o feZh W fhel[[h kdW XWi[ fWhW kdW cWoeh l_]_bWd# Y_W Z[b Y|dY[h [d bW feXbWY_ d h[b[lWdj[" f[hc_j_[dZe kdW c[`eh _dZ_l_ZkWb_pWY_ d Z[ bei c jeZei Z[ fh[l[dY_ d o Z[j[YY_ d j[cfhWdW" Yece bW Y_hk] W fWhW bW h[ZkYY_ d Z[b h_[i]e o bW [nfbehWY_ dÇ" Wi[]kh bW WkjehW b Z[h Z[b [ijkZ_e 9[b[ij[ B[_]^ F[WhY[" Z[ bW Kd_l[hi_ZWZ Z[b Ikh Z[ 9Wb_\ehd_W" ;ijWZei Kd_Zei$ ē
1. +#, ũ,#-.2ũ".ı +.1.2.ũ#-ũ,4)#1#2
ŗũ ũ9kWdZe Z[ WjWgk[i Wb YehWp d i[ jhWjW" bei Zebeh[i [d [b f[Y^e fWh[Y[d i[h c|i Yeckd[i [djh[ bei ^ecXh[i gk[ [d bWi ck`[h[i" i[] d kdW _dl[ij_]WY_ d ^[Y^W [djh[ c|i Z[ kd c_bb d Z[ f[hiedWi [d ;ijWZei Kd_Zei$ ;d ][d[hWb" bei lWhed[i ied c|i fhef[diei W bei _d\Wh# jei" f[he [djh[ bWi f[hiedWi c[deh[i Z[ ++ W ei [b h_[i]e Z[ ck[hj[ [i cWoeh fWhW bWi ck`[h[i$ O bei _dl[ij_]WZeh[i Yh[[d gk[ kdW fei_Xb[ hWp d [i gk[" [d bW Wki[dY_W Z[ bei Yb|i_Yei i djecWi Z[ kd WjWgk[ Wb YehWp d" bWi ZWcWi de XkiYWd [b jhWjWc_[dje WZ[YkWZe W j_[cfe$
23(++ 2ũ/ 1 ũ".1,(1 /."1~ -ũ2#1ũ/#+(%1.2 2
ĀĆŏ ŏ ŏ ŏĂĀāĂŏ
ŏ +. Čŏ
@D989LI8 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ((0. mXcfi *.,#'' [\ cX :kX% :k\% Ef% *('-+0+*'+ g\ik\e\Z`\ek\ X J8EK@CC8E J8EK@CC8E# CL@J$8C9<IKF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX gl$ Yc`ZXZ` e% 8:& ( d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef .(-$.(.$.(0 Xc .)' [\ cX :kX% :k\% Ef% *((''-0*'+ g\ik\e\Z`\ek\ X :8II8E:F G8E:?8E8#8E8$;<C :8I$ D<E [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& ) d^ C8K8:LE>8
5(38%/,&$ '(/ (&8$'25 -8=*$'2 6(*81'2 '( /2 &,9,/ '( 68&80%,26 68&80%,26 (&8$'25 6+86+8),1', (;75$&72 -8',&,$/ &,7$&,21 -8',&,$/ $ &25'29$ $50,-26 -26( $'5,$1 $&&,21$17( 6(*81'2 5,&$857( 0$5&,//2 &+,&$ '(0$1'$'2 &25'29$ $50,-26 -26( $'5,$1 &$86$ 18/,'$' '( &2175$72 '( &2035$9(17$ 75$0,7( 25',1$5,2 &8$17,$ ,1'(7(50,1$'$ 352&(62 1UR -8(= $E (UQHVWR 6HUUDQR %RQLOOD 3529,'(1&,$ -8=*$'2 6(*81'2 '( /2 &,9,/ '( 68&80%,26 6KXV KXÀQGL D GH (QHUR GHO /DV + 9,6726 /D GHPDQGD GH 18/,'$' '( &2175$72 '( &2035$9(17$ SUHVHQWDGD SRU 6(*1'2 0$18(/ $8*8672 1,1)$ \ *$/2 0$5&,//2 &+,&$ 1UR GHO VH FDOLÀFD GH FODUD \ FRPSOHWD SRU OD TXH VH OD DGPLWH D WUiPLWH HQ OD YtD GH MXLFLR 2UGLQDULR &RQVHFXHQWHPHQWH FRQ FRSLD GH HVWD GHPDQGD \ DXWR GH FDOLÀFDFLyQ FyUUDVH WUDVODGR D ORV GHPDQ GDGRV VHxRUHV 0$5&,//2 9,9$6 3('52 5,&$57( '$/9$ &5O67,1$ &('(f2 0$&,$6 \ &25'Ð9$ $50,-26 -26( $'5,$1 D ÀQ GH TXH HQ HO WpUPLQR GH GtDV GHQ FRQWHVWD FLyQ D OD PLVPD \ GHGX]FDQ VXV H[FHSFLRQHV &tWHVH D ORV GH PDQGDGRV HQ HO OXJDU TXH VH LQGLFD HQ OD GHPDQGD D ORV GRV SULPHURV PHGLDQWH '(35(&$725,2 DO VHxRU -XH] GH OR &LYLO GHO &DQWyQ (O &DUPHQ 3URYLQFLD GH 0DQDEt \ DO WHUFHUR SRU FXDQWR ORV DFFLRQDQWHV PDQLÀHVWDQ EDMR MXUDPHQWR GHVFRQRFHU VX GRPLFLOLR &,7(6(/2 PHGLDQWH WUHV SXEOLFDFLRQHV TXH VH UHDOL]DUDQ HQ XQR GH ORV GLDULRV GH PD\RU FLUFXODFLyQ GH ODV FLXGDGHV GH 4XLWR R *XD\DTXLO \ HQ RWUR GH HVWD 3URYLQFLD PHGLDQGR SRU OR PHQRV KRUDV HQWUH XQD \ RWUD SXEOLFDFLyQ 7pQJDVH HQ FXHQWD OD FXDQWtD ÀMDGD OD FDVLOOD MXGLFLDO VHxDOD GD HO GRPLFLOLR MXUtGLFR OD DXWRUL]DFLyQ FRQIHULGD D VX GHIHQVRU $E Ã)5(''< ),$//26 257,= $JUpJXHVH D ORV $XWRV OD GR FXPHQWDFLyQ DGMXQWD $ORV GHPDQGDGRV VH OH SUHYLHQH GH OD REOLJDFLyQ GH VHxDODU FDVLOOD MXGLFLDO GHQWUR GH HVWD MXGLFDWXUD SDUD TXH UHFLED VXV QRWLÀFDFLRQHV GH FRQIRUPLGDG FRQ OD OH\ 127,),48(6( < &,7(6( 'U -RUJH *X]PiQ 9DOOHMR 6(&5(7$5,2
HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\$ hl\ Ef (+'$(,0 [\ cX :kX% :k\% Ef% *,'0**'*'+ g\i$ k\e\Z`\ek\ X >8C8IQ8 DFC@E8#:<J8I$<EI@HL< [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX gl$ Yc`ZXZ` e% 8:& * d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef )'- [\ cX :kX% :k\% Ef% *,'0**'*'+ g\ik\e\Z`\ek\ X >8C8IQ8 DFC@E8#:<J8I$ <EI@HL< [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& + d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef +*( [\ cX :kX% :k\% Ef% *+---)/+'+ g\ik\e\Z`\ek\ X :?@I@9F>8 ?L@C:8D8@$ >L8# E<CCP$8;I@8E8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX gl$ Yc`ZXZ` e% 8:& , d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef )))- [\ cX :kX% :k\% Ef% *(+(*++/'+ g\ik\e\Z`\ek\ X J8E:?<Q M@CC8M@:<E:@F# D8I@8$<C<E8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& - d^
CFA8
HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef )'( Xc *'' [\ cX :kX% :k\% Ef% *+00.,,.'+ g\ik\e\$ Z`\ek\ X IFHL< ?@;8C>F# IF:@F$;<C G@C8I [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& . d^
CFJ I@FJ
HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\$
hl\ Ef ('($()/$(*($(*0 Xc (-+ [\ cX :kX% :k\% Ef% *,')-,**'+ g\ik\e\Z`\ek\ X :LI8P 98JK@;8J#ALC@F$ IF9<IKF [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& / d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\$ hl\ Ef (-, Xc (0) [\ cX :kX% :k\% Ef% *,')-,**'+ g\ik\e\Z`\ek\ X :LI8P 98JK@;8J#ALC@F$IF9<IKF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX gl$ Yc`ZXZ` e% 8:& 0 d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\$ hl\ Ef (0* Xc )'' [\ cX :kX% :k\% Ef% *,')-,**'+ g\ik\e\Z`\ek\ X :LI8P 98JK@;8J#ALC@F$IF9<IKF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX gl$ Yc`ZXZ` e% 8:& (' d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef )+(/ Xc )++. [\ cX :kX% :k\% Ef% *(/(*/-,'+ g\ik\e\Z`\ek\ X :LI8P CC8DL:8#>LJK8MF$C@M@EF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX gl$ Yc`ZXZ` e% 8:& (( d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef )++/ Xc )+.. [\ cX :kX% :k\% Ef% *(/(*/-,'+ g\ik\e\Z`\ek\ X :LI8P CC8DL:8#>LJK8MF$C@M@EF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX gl$ Yc`ZXZ` e% 8:& () d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef )+./ Xc ),'' [\ cX :kX% :k\% Ef% *(/(*/-,'+ g\ik\e\Z`\ek\ X :LI8P CC8DL:8#>LJK8MF$C@M@EF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX gl$ Yc`ZXZ` e% 8:& (* d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\$ hl\ Ef ()0*$()0, [\ cX :kX% :k\% Ef% *+*--/),'+ g\ik\e\Z`\ek\ X I<@EFJF =8A8I;F#D@I<CC8$F;<KK [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX gl$ Yc`ZXZ` e% 8:& (+ d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef ,,) mXcfi ('%,''#'' [\ cX :kX% :k\% Ef% *(..+-(0'+ g\ik\e\Z`\ek\ X IF;I@>L<Q 98A8E8#8I@JK8I:F$:<$ :@C@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -'
[ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& (, d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef )'(' [\ cX :kX% :k\% Ef% **+'--(0'+ g\ik\e\Z`\ek\ X G@CC8AF :?@:8@Q8# :<$ J8I$8L>LJKF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& (- d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef )'(( Xc )((' [\ cX :kX% :k\% Ef% **+'--(0'+ g\ik\e\$ Z`\ek\ X G@CC8AF :?@:8@Q8# :<J8I$8L>LJKF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& (. d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef )+** Xc )+*, [\ cX :kX% :k\% Ef% *+',)')*'+ g\i$ k\e\Z`\ek\ X >L8EFKLE8 L J ? :F# D 8 I @ 8$ D 8 IK ? 8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX gl$ Yc`ZXZ` e% 8:& (/ d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef )+*( [\ cX :kX% :k\% Ef% *+',)')*'+ g\ik\$ e\Z`\ek\ X >L8EFKLE8 L J ? :F# D 8 I @ 8$ D 8 IK ? 8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX gl$ Yc`ZXZ` e% 8:& (0 d^
D8E89@
HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef *//' mXcfi **#'' [\ cX :kX% :k\% Ef% **+',),('+ g\ik\e\Z`\ek\ X I;? 8J<$ JFI@8 P J@JK<D8 J%8% [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX gl$ Yc`ZXZ` e% 8:& )' d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef +(. mXcfi *,'#'' [\ cX :kX% :k\% Ef% **-'*0'+'+ g\ik\$ e\Z`\ek\ X ?<ID@;8 G@:F# =<C@O$I<;<EKFI [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& )( d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef (*+)$(*,-$(*.0$(+*. Xc (+*0 [\ cX :kX% :k\% Ef% **,),*0-'+ g\i$ k\e\Z`\ek\ X :8ICFJ ?LD9<IKF#Q8D9I8EF$ Q8D9I8EF [\c 9XeZf G`$ Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& )) d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef (,,.$(,-* Xc (,-+ [\ cX :kX% :k\% Ef% **,),*0-'+ g\ik\e\Z`\ek\ X :8ICFJ
āă
?LD9<IKF#Q8D9I8EF$ Q8D9I8EF [\c 9XeZf G`$ Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& )* d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef (/-)$(/-+ [\ cX :kX% :k\% Ef% **,),*0-'+ g\ik\e\Z`\ek\ X :8ICFJ ?LD9<IKF#Q8D9I8EF$ Q8D9I8EF [\c 9XeZf G`$ Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& )+ d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef 0)/ [\ cX :kX% :k\% Ef% *+0.)/..'+ g\ik\e\Z`\ek\ X @EKI@8>F GFE:<#><D8$ C@JJ<K? [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& ), d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ,/' mXcfi *,-#,' [\ cX :kX% :k\% Ef% *+/(**++'+ g\ik\e\Z`\ek\ X Q8D9I8EF G@E8I>FK<#=CFI@;8CM8$ <JG<I8EQ8 [\c 9XeZf G`$ Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& )- d^
Ef -/+ [\ cX :kX% :k\% Ef% *+/.,((('+ g\ik\e\Z`\ek\ X A8P8 G@<;I8#<=I<E$?F$ EFI8KF [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& *( d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef -)- [\ cX :kX% :k\% Ef% *+/.,((('+ g\ik\e\Z`\ek\ X A8P8 G@<;I8#<=I<E$?F$ EFI8KF [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& *) d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef -.) [\ cX :kX% :k\% Ef% *+/.,((('+ g\ik\e\Z`\ek\ X A8P8 G@<;I8#<=I<E$?F$ EFI8KF [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& ** d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef (((,' [\ cX :kX% :k\% Ef% *(-.'))-'+ g\ik\e\Z`\ek\ X :L<E:8 KFII<J# JF$ E@8$<C@Q89<K? [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& *+ d^
HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef +/.) mXcfi (0(#', [\ cX :kX% :k\% Ef% *'/).'.,'+ g\ik\e\Z`\ek\ X Q8C;LD9@$ ;< :ILQ#9<EA8D@E$8I$ KLIF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& ). d^
HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef (()+ Xc ((), [\ cX :kX% :k\% Ef% *+-('*(/'+ g\ik\$ e\Z`\ek\ X CFG<Q KFII<J# =I8EBC@E$FIC8E;F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX gl$ Yc`ZXZ` e% 8:& *, d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef -+//$-,)/ [\ cX :kX% :k\% Ef% *(+.)+.''+ g\ik\e\$ Z`\ek\ X CC<I<E8 M8C;<Q# CL@J$><ID8E [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& *- d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\$ hl\ Ef ),) [\ cX :kX% :k\% Ef% *+00-,*-'+ g\i$ k\e\Z`\ek\ X >FI;@CCF 8CK8D@I8EF#=I8E:@J:F$ @M8E [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& *. d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef )*,( Xc )+(' [\ cX :kX% :k\% Ef% *(+-/')-'+ g\ik\$ e\Z`\ek\ X >8IQFE M@CC8$ =L<IK<# AL;@K?$K<I<J8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX gl$ Yc`ZXZ` e% 8:& */ d^ 444444
G@:?@E:?8
J8EKF ;FD@E>F
HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef (0/+) mXcfi (/*#., [\ cX :kX% :k\% Ef% *(,*'-(('+ g\ik\e\Z`\ek\ X :FM<IKF$ J8# :FM<IKLI8 KFK8C J%8% [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& )/ d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef -.( [\ cX :kX% :k\% Ef% *+/.,((('+ g\ik\e\Z`\ek\ X A8P8 G@<;I8#<=I<E$?F$ EFI8KF [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& )0 d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef -.- [\ cX :kX% :k\% Ef% *+/.,((('+ g\ik\e\Z`\ek\ X A8P8 G@<;I8#<=I<E$?F$ EFI8KF [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ Xj gfjk\i`fi\j X cX ck`dX glYc`ZXZ` e% 8:& *' d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\
KLE>LI8?L8
Ä Ä…
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?ĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ?
+(32!'*.Ŋ-.04#¢ } ĔŊ Ŋě ;b kYhWd_Wde MbW#
Z_c_h Ab_jiY^ae h[jkle [b i|# XWZe [b j‡jkbe ckdZ_Wb Z[b f[ie f[iWZe [d bWi l[hi_ed[i Z[ jh[i eh]Wd_pWY_ed[i Wb l[dY[h feh deYWkj [d [b YkWhje WiWbje Z[ kd YecXWj[ Y[b[XhWZe [d :”i# i[bZeh\ Wb \hWdYƒi @[Wd CWhY Cehc[Ya$ Ab_jiY^ae Zec_dŒ bW f[b[W Z[iZ[ [b Yec_[dpe$ ;d [b fh_# c[h WiWbje" [b \hWdYƒi i[ [i\eh# pŒ _d\hkYjkeiWc[dj[ feh Xki# YWh [b Yk[hfe W Yk[hfe" f[he Ab_jiY^ae b[ cWdjkle W Z_ijWd# Y_W jhWXW`|dZebe Yed [b `WX Z[ _pgk_[hZW$ ;d [b i[]kdZe YWf‡jkbe [b kYhWd_Wde" cWdj[d_[dZe Wb h_lWb [d bW Z_ijWdY_W" fWiŒ Wb WjWgk[ o [b \hWdYƒi jkle ik fh_c[hW YW‡ZW jhWi kdW Xk[dW YecX_dWY_Œd Z[b YWcf[Œd Z[b ckdZe$
7 fWhj_h Z[ [i[ cec[dje" [b Z[i[dbWY[ Z[ bW f[b[W oW [ijWXW [d [b W_h[$ Cehc[Ya j[d‡W cko feYe gk[ efed[h W bW ikf[h_eh_# ZWZ Z[ Ab_jiY^ae$ JhWi kdW fWkiW [d [b j[hY[h [f_ieZ_e" [d [b YkWhje" Yed kdW dk[lW YecX_dWY_Œd" Ab_jiY^ae j[hc_dŒ bW f[b[W$ ;b \hWdYƒi i[ \k[ W bW bedW o [b |hX_jhe" Wdj[i Z[ j[hc_dWh bW Yk[djW Z[ fhe# j[YY_Œd" WZl_hj_Œ gk[ de j[d‡W i[dj_Ze i[]k_h Yed [b YecXWj[$ Ab_jiY^ae Yecfb[jŒ ^eo +- l_Yjeh_Wi" +& Z[ [bbWi feh AE" [d ,& YecXWj[i c_[djhWi gk[ fWhW Cehc[Ya \k[ bW gk_djW Z[hhejW [d *' f[b[Wi$ ;b kYhWd_Wde j_[d[ bei j‡jk# bei Z[ bW 7ieY_WY_Œd CkdZ_Wb Z[ 8en[e 7C8 " bW Eh]Wd_pW# Y_Œd CkdZ_Wb Z[ 8en[e EC8 o bW <[Z[hWY_Œd ?dj[hdWY_edWb Z[ 8en[e <?8 $
ēŊ + "(,(1Ŋ +(32!'*.Ŋ!#+# 1 Ŋ24Ŋ31(4-$.ē
-ĹŠ#04(/.ĹŠ % - ".1ĹŠ#-ĹŠ+ ĹŠ ! 3#%.1~ )#!43(5.2 +ĹŠ #04(/.ĹŠ #!-.!8!+.ĹŠ "#ĹŠ 4#-! ĹŠ "# 43¢Ŋ #23#ĹŠ Ä‰Ä‡ÄˆÄ‰ĹŠ #-ĹŠ+ ĹŠ 4#+3 ĹŠ ĹŠ+ ĹŠ .23 ĹŠ8ĹŠ+#2ĹŠ $4#ĹŠ (#-ēŊ "#,;2ĹŠ"#ĹŠ% - 1ĹŠ+ ĹŠ ! 3#%.1~ ĹŠ!.-ĹŠ 1 -*ĹŠ +#1#- ĹŠ ĸ 94+ĚŊ 2#ĹŠ "(#1.-ĹŠ #+ĹŠ +4).ĹŠ "#ĹŠ ĹŠ !149 1ĹŠ+ ĹŠ,#3 ĹŠ"#ĹŠ+ ĹŠ3#1!#1 ĹŠ #3 / ĹŠ #-ĹŠ %14/.ēŊ +ĹŠ #5#-3.ĹŠ 1#24+3¢Ŋ 4-ĹŠ _7(3.ĹŠ "# (".ĹŠ ĹŠ + ĹŠ %1 -ĹŠ !.%(" ĹŠ "#ĹŠ #2/#!Äą 3 ".1#2ĹŠ 04#ĹŠ -(, 1.-ĹŠ + ĹŠ ĹŠ !.,/#3#-!( ēŊŊ
Ŋ : ēŊ '.-8Ŋ 4 1;-Ŋ+("#1 Ŋ#+Ŋ/#+.3¢-Ŋ"#Ŋ!(+!(23 2Ŋ#-Ŋ+ Ŋ! 3#%.1~ Ŋ ;23#1Ŋ ē
+ĹŠ'., 1#ĹŠ"#+ĹŠ ĹŠ +ĹŠ/."(. +ĹŠ! .ĹŠ/1(,#1.ĹŠ% -¢Ŋ+ ĹŠ 4#+3 ĹŠ ĹŠ+ ĹŠ .23 ĹŠ"#ĹŠ !(!+(2,.ĹŠ,;23#1ĹŠ#-ĹŠ+ ĹŠ 3#%.1~ ĹŠ Ä“ 7j[dje fWhW _dj[hl[d_h$ 7i‡ [i @^edo 9kWh|d0 [b ^ecXh[ Z[b =hkfe Z[ ?dj[hl[dY_ÂŒd o H[i# YWj[ =?H " gk_[d kj_b_pÂŒ ik \eh# cWY_ÂŒd fWhW ]WdWh bW Lk[bjW W bW 9eijW" [d bW 9Wj[]eh‡W C|ij[h 7 gk[ j[hc_dÂŒ Wo[h [d CWdjW$ Ik bk]Wh [d [b feZ_e de [ijW# XW [d bW fbWd_Ă’YWY_ÂŒd _d_Y_Wb Z[b [gk_fe =?H" f[he @^edo jkle gk[ WYjkWh Z[ _dc[Z_Wje$ ;d bW fh_# c[hW [jWfW i[ WfeZ[hÂŒ Z[b cW_# bbej Wpkb o de i[ be iWYÂŒ [d bei jh[i Z‡Wi Z[ Yecf[j[dY_W$ Æ9kWdZe ]Wdƒ bW fh_c[hW [jWfW =kWoWgk_b# IWb_dWi YWc# X_Whed bei fbWd[i o jhWXW`Whed
fWhW gk[ cWdj[d]W bW YWc_i[jWÇ" Yk[djW [b eÒY_Wb Z[ Feb_Y‡W$ ., 1#Ŋ"#Ŋ"#/.13#Ŋ
@^edo bb[lW . W‹ei [d [b Y_Yb_ice" f[he ik ^_ijeh_W [d [b Z[fehj[ de [cf_[pW W^‡$ Æ7dj[i [hW jh_Wjb[jW o Yecf[j‡W fWhW c_ _dij_jkY_ÂŒdÇ" h[Yk[hZW [b Z[fehj_ijW$ F[he YecfWhj_h ik fhe\[# i_ÂŒd Yed [b Z[fehj[ b[ ^W jeYWZe Zkhe oW gk[ j_[d[ gk[ kj_b_pWh [b Yehje j_[cfe gk[ b[ gk[ZW fWhW [djh[dWh$ Ç:[f[dZ_[dZe Z[ be gk[ ^W]W" iWYe kd [ifWY_e fWhW [d# jh[dWh0 W l[Y[i ^WijW i[_i ^e#
3.2ĹŠ
ĹŠ #/.13(23
Ĺ—ĹŠ Ä–ĹŠ '.-8ĹŠ 4 1 Ĺ—ĹŠ ēŊ Ä–ĹŠÄ?ĹŠ"#ĹŠ, 8.ĹŠ"#ĹŠÄˆÄ’Ä?Ä’ Ĺ—ĹŠ Ä–ĹŠ 1!'( Ĺ—ĹŠ Ä–ĹŠ!(!+(2,. hWiÇ" Z[jWbbW 9kWh|d$ Ik \Wc_b_W" Yecfk[ijW feh ik [ifeiW @ƒd_\[h o ik ^_`W 8h_Z]_j^" ied _cfehjWdj[i fWhW ƒb" feh [ie b[i Z[Z_YÂŒ [ij[ jh_kd\e gk[ oW be iWXeh[ÂŒ [d (&'&$
31.ĹŠ#,/ 3#ĹŠ 04#ĹŠ(-!.,."
ĹŠ
1!#+.- ĔŊ-4#5 ,#-3#Ŋ"#Ŋ +.! +ĔŊ"#)¢Ŋ#2! / 1Ŋ/4-3.2ēŊ 8#1Ŋ(%4 +¢Ŋ!.-Ŋ -"#/#-"(#-Ĺ 3#Ŋ#-Ŋ4-Ŋ5( 1 -3#Ŋ/ 13(".ē ¥ Ŋ š 8WhY[bedW
DJ
ēŊ 1!(2.Ŋ (- Ŋĸ"ĚŊ, -(. 1 Ŋ!.-Ŋ#+Ŋ +¢-Ŋ -3#Ŋ+ Ŋ2 +(" Ŋ"#+Ŋ 104#1.Ŋ
( 1 ".ĹŠ 9!.- Ä“
[cfWjÂŒ Wo[h '#' Wdj[ [b ?dZ[# f[dZ_[dj[ [d [b ;ijWZ_e Cedk# c[djWb$ ;b fWhj_Ze fkie Ă’d W bW gk_djW \[Y^W Z[b jehd[e dWY_edWb$ ;b fh_c[h ]eb fWhW bei ĂˆYWdWh_eiÉ bb[]ÂŒ [d [b c_dkje ($ Kd fWi[ Z[i# Z[ [b [njh[ce _pgk_[hZe Z[ @eiƒ 7oel‡" \k[ h[Y_X_Ze feh [b h[Y_ƒd dWjkhWb_pWZe CWj‡Wi ĂˆFedoÉ Eoe# bW" gk_[d l[dY_ÂŒ bW h[i_ij[dY_W Z[ B_XhWZe 7pYedW$ ;b [cfWj[ fWhW [b [gk_fe Z[ IWd]ebgk‡ bb[]ÂŒ YkWdZe jhWiYk# hh‡Wd '+ c_dkjei Yed [b [n 8Wh# Y[bedW L_d_Y_e 7d]kbe" gk_[d jecÂŒ bW f[bejW Z[iZ[ bW c_jWZ Z[ bW YWdY^W Z[`WdZe [d jejWb Z[i# [gk_b_Xh_e Wb fehj[he ĂˆWcWh_bbeÉ$ 9kWdZe oW i[ Ykcfb‡Wd '-
c_dkjei" [b Z[bWdj[he DWhY_ie C_dW Z[`ÂŒ fWiWh bW efehjkd_ZWZ Z[ fed[h [d l[djW`W W ik [gk_fe o de Wfhel[Y^ÂŒ [b fWi[ Z[b Wk# jeh Z[b fh_c[h ]eb" EoebW$ 7 bei (( c_dkjei [b ĂˆFWoWieÉ Bk]”[hY_e de fkZe YedYh[jWh ik bWdpWc_[dje oW gk[ Z[ _dc[# Z_Wje \k[ h[Y^WpWZe feh B[d‡d Fehepe" gk_[d be cWhYÂŒ jeZe [b j_[cfe$ 7d]kbe f[hZ_ÂŒ bW efehjkd_# ZWZ Z[ Yedl[hj_h [b i[]kdZe ]eb fWhW bei Ăˆd[]h_Wpkb[iÉ" h[Y_X_ÂŒ kd fWi[ Z[ BkYWi 9edY_ijh[" f[he YkWdZe oW [ijWXW [d [b |h[W Z[ C|n_ce YWoÂŒ W bei f_[i Z[b Whgk[he gk[Z|dZei[ j[dZ_# Ze feh kdei i[]kdZei$ <WbjWXWd iebe i[]kdZei fWhW
ĀĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
Ä Ä†
Ĉ Ĉ
ĹŠ
gk[ Ykbc_dWi[ bW fh_c[hW [jW# fW Z[ `k[]e o feh j[hY[hW l[p [b Ăˆ8[bbeÉ C_dW de be]hÂŒ YedYh[jWh bW `k]WZW$ 3 / ĹŠ!.,/+#,#-3 1(
;d [b i[]kdZe j_[cfe Z[ `k[]e [b ?dZ[f[dZ_[dj[ ikf[hÂŒ Wb YkWZhe YWdWh_e [d YkWdje W bb[]WZWi Wb WhYe" i_d [cXWh]e [b :J 9Whbei I[l_bbW Z[Y_Z_ÂŒ iWYWh W 7hcWdZe Ieb‡i fWhW kX_YWh [d ik bk]Wh W CWh_e F_d[_ZW$ :[ _]kWb cWd[hW be ^_pe [b [ijhWj[]W Bk_p PkX[bZ‡W" gk_[d YWcX_ÂŒ W FWXbe Bk]”[hY_e o [d ik bk]Wh _d]h[iÂŒ C_Y^W[b Gk_# ‹Œd[p$ 9ed [b _d]h[ie Z[b ĂˆH[oÉ Gk_# ‹Œd[p" W c_jWZ Z[b fWhj_Ze" [b ĂˆĂžZebeÉ Z[b ;YkWZeh Yec[dpÂŒ W je# cWh [b Zec_d_e Z[b XWbÂŒd$ 9kWd# Ze \WbjWXWd + c_dkjei fWhW gk[ j[hc_dWi[ [b [dYk[djhe C_Y^W[b fkie W Yehh[h W bW Z[\[diW Z[b Ăˆ;gk_fe Z[b Fk[XbeÉ f[he 7pYedW Z[`ÂŒ bW fehj[h‡W fWhW [if[hWhbe o h|f_ZWc[dj[ Z[if[`ÂŒ [b XWbÂŒd fWhW [b bWZe _pgk_[hZe Z[b WhYe$
Ä Ä‡
ĀĆĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚Ĺ?
Ĺ? +. ÄŒĹ?
' W CWYWh|$ FWhW ^WY[h fei_Xb[ kd _d[if[hWZe Ă’dWb Z[ \WdjWi‡W _d]h[iÂŒ Wb h[Yj|d]kbe l[h# Z[" Z[b ;ijWZ_e 8[bbWl_ijW Z[ 7cXWje" IWbecÂŒd$ Kd j_he b_Xh[ gk[" Wb ]ebf[Wh [d kd Z[\[diW Z[ CWYWh|" l[dY_ÂŒ bW h[i_ij[dY_W Z[b fehj[he 9h_i# j_Wd CehW o kd f[dWb X_[d [`[YkjWZe ^_Y_[hed Z[ PkhW [b ^ƒhe[ Z[b ĂˆHe`eÉ" Wdj[ kd fWh# j_Ze gk[ fWh[Y‡W f[hZ_Ze$ ;b ĂˆĂžZebeÉ WcXWj[‹e iWXe# h[WXW kdW l_Yjeh_W gk[ i[ b[i [iYWfÂŒ Yece kd fk# ‹WZe Z[ Wh[dW [djh[ ĹŠ bWi cWdei$ Kd ĂˆF_# Y^ÂŒdÉ lebWXW feh [b +ĹŠ !(.- +ĹŠ Y_[be Y[b[ij[$ 9Whbei 24,¢Ŋ24ĹŠ/1(,#1 ĹŠ Gk_dj[he WZ[bWdjÂŒ" 5(!3.1( ĹŠ#-ĹŠ#+ĹŠ ,/#.- 3.ĹŠ c[Z_Wdj[ j_he f[# !4 3.1( -.ĹŠ"#ĹŠ dWb" W CWYWh|" i_d $ĂŒ3 .+Ä“ [cXWh]e ik _cfkb# ie de i_hl_ÂŒ$
("41~ ĹŠ #-ĹŠ#+ĹŠ%.+ 9ed kd i[]kdZe decXh[ X‡Xb_Ye" ;ZckdZe IWbe# cÂŒd PkhW i[ fkie [b hefW`[ Z[ iWblWZeh fWhW Wb[]hWh W bei ĂˆYh_ebbeiÉ$ BW b[YjkhW Z[ CWh_e IWhWb[]k_" :J Z[ ;b DWY_edWb" fWhW [dl_Wh Wb _cXWXkh[‹e Wb YWcfe Z[ `k[]e i[ jhWZk`e [d l_Yje# h_W$ ;b DWY_edWb l[dY_ÂŒ (# :
Ĉ ĉ
ĹŠ
+ĹŠÄĽ #231.ÄŚĹŠ 3.! ĹŠ8ĹŠ +ĹŠÄĽ -"(.ÄŚĹŠ /+ 4"#-ĹŠ
ēŊ 1(#+Ŋ '4#+/ -Ŋ!#+# 1 Ŋ24Ŋ%.+ē
ĹŠ
ēŊ ",4-".Ŋ 41 Ŋ#)#!43 Ŋ#+Ŋ/#- +Ŋ"#Ŋ+ Ŋ5(!3.1( ē
1(#+ĹŠ #1 1".ĹŠ '4#+/ -ĹŠ , 1!¢Ŋ24ĹŠ/1(,#1ĹŠ%.+ĹŠ!.-ĹŠ+ ĹŠ +42 ĹŠ"#ĹŠ+ ĹŠÄĽ ČēŊ 4#ĹŠ 23#Äą !(".ĹŠ/.1ĹŠ -2.Ä“ :[ bW XWdYW iWbjÂŒ fWhW Wb[]hWh W B:K$ 7h_[b DW^k[bfWd" gk_[d _d]h[iÂŒ fWhW [b i[]kdZe [f_ieZ_e Z[b fWhj_Ze Z_ifkjWZe [djh[ B_]W o ;c[b[Y" cWhYÂŒ ik fh_c[h jWd# je Yed bW XbkiW ĂˆWpkY[dWÉ$ BW WĂ’# Y_ÂŒd" [d 9WiW 8bWdYW" i[ fkie Z[ f_[ fWhW WfbWkZ_h Wb Ăˆ?dZ_eÉ" Yece i[ be WfeZW Wb Wh][dj_de$ 9ed ]hWd ][ije jƒYd_Ye" [b dWY_Ze [d 8k[dei 7_h[i" 7h_[b DW^k[bfWd" b_gk_ZÂŒ [b fb[_je [d FedY_Wde (#& $ 8W`Wh bW f[bejW Yed [b f[Y^e" iehj[Wh bW cWhYW Z[b h_lWb o Z[Ă’d_h Yed jhWdgk_b_ZWZ
fWiceiW Z_Y[ ckY^e Z[b dk[le hecf[hh[Z[i Ăˆc[h[d]k[É$ ;b WXWij[Y_c_[dje bb[]ÂŒ Z[ bei Xej_d[i Z[ :Wc_|d CWdie" ĂˆCW[ijhe Z[ 9[h[ced_WÉ" gk_[d Y_dYe c_dkjei Wjh|i i_hl_ÂŒ ejhe XWdgk[j[ W @eiƒ <hWdY_iYe 9[# lWbbei fWhW WXh_h bW i[dZW Z[ bW l_Yjeh_W$ 9ed kd ;c[b[Y Ăˆ[b[YjheYkjWZeÉ ^WX‡W" i_cfb[c[dj[" gk[ [if[hWh gk[ WYWX[ [b fWhj_Ze$ Bei Ăˆkd_l[h# i_jWh_eiÉ ]WdWhed" ied fkdj[hei" o" [d bW fhÂŒn_cW \[Y^W" lWd feh [b ĂˆHeZ_bbeÉ Z[ 7cXWje$
/ % ".ĹŠ!4,/+# Â .2
ĹŠ#2ĹŠ4- ĹŠ1# +(" "
.2_ĹŠ 1 -!(2!.ĹŠ #5 ++.2ĔŊ5.+ -3#ĹŠ)45#-(+ĹŠ"#ĹŠ (% ĹŠ"#ĹŠ 4(3.ĔŊ !4,4+¢Ŋ 8#1ĹŠ24ĹŠ2#%4-".ĹŠ%.+ĹŠ#-ĹŠ#+ĹŠ3.1-#.ĹŠ- !(.- +ēŊ ,#+#!ĹŠ$4#ĹŠ+ ĹŠ5~!3(, ēŊ -ĹŠ Ä‰Ä‡ÄˆÄ‰ĹŠ2#ĹŠ#231#-¢ĔŊ#-ĹŠ 2 ĹŠ + -! ĔŊ -3#ĹŠ #-31.ĹŠ #/.13(5.ĹŠ +,#".ēŊ 49 ĔŊ#231 3#% ĹŠ"#ĹŠ+ ĹŠÄĽ ČĔŊ+#ĹŠ.3.1% ĹŠ!.-ă -9 Ä“
FeYe \‘jXeb ^kXe [d [b fWhj_Ze 8[bbWl_ijW Z[ 7cXWje" Wo[h ^_pe Z_ifkjWZe [djh[ CWdjW o :[feh# be fhef_e [d bW Ăˆ9WbZ[hWÉ$ j_le 9k[dYW$ Bei WpkWoei \[ij[# FeYe Wb[djWZehW [i bW YWcfW# `Whed Wo[h ik Wd_l[hiWh_e ‹W gk[ bb[lW [b CWdjW$ ;b *' [d [b ;ijWZ_e 9Wfm[bb" ĹŠ de feZ[h ^WY[h Z[ beYWb Z[ =kWoWgk_b$ 7kdgk[ [b [d [b ;ijWZ_e @eYWo b[ cel_c_[dje" [d [b Wif[Yje [ij| fWiWdZe \WYjk# \kjXeb‡ij_Ye" \k[ feXh[" [b -3 ĹŠ !4,4+ ĹŠ hW$ :_Y^e [iY[dWh_e 24ĹŠ2#%4-" ĹŠ Ăˆ;nfh[ieÉ \[ij[`ÂŒ kd fkdje "#11.3 ĹŠ#-ĹŠ#+ĹŠ3.1Äą i_]k[ [d h[fWhWY_ÂŒd$ -#.Ä“ gk[ i[ bb[lÂŒ W 9k[dYW$ ;d bW fhÂŒn_cW \[Y^W ;b YkWZhe ĂˆcehbWYeÉ [b Ăˆ7jkd[heÉ `k]Wh|" Z[ WYkckbW" W i[cWdW i[# l_i_jWdj[" Wdj[ B_]W Z[ ]k_ZW" ik i[]kdZe [cfWj[ [d Be`W" c_[djhWi gk[ :[fehj_le YedZ_Y_ÂŒd Z[ l_i_jWdj[$ 9ed kd 9k[dYW ^Wh| Z[ beYWb Yed :[# h[ikbjWZe i_c_bWh &#& iWb_ÂŒ Z[b fehj_le Gk_je$
ĉ ć
+ ĹŠ"#ĹŠ/.2(!(.-#2 .1-#.ĹŠ- !(.- +
ĹŠ
ÄˆÄ“ĹŠ ĉēŊ ĊēŊ ÄŒÄ“ĹŠ ĎēŊ Ä?ēŊ Ä?ēŊ đēŊ ĒēŊ ÄˆÄ‡Ä“ĹŠ ÄˆÄˆÄ“ĹŠ ÄˆÄ‰Ä“ĹŠ
04(/.ĹŠ
Ŋ -"#/#-"(#-3#ŊŊ ,#+#!Ŋ ēŊ -(5#12(3 1(.Ŋ 1!#+.- Ŋ -3 Ŋ
(% Ŋ"#Ŋ .) Ŋ ēŊ 4#-! Ŋ +Ŋ !(.- +Ŋ ! 1;Ŋ ēŊ 4(3.Ŋ +,#".Ŋ
32ēŊ ÄˆÄ‡ĹŠ Ä?ĹŠ Ä?ĹŠ Ä?ĹŠ Ä?ĹŠ ÄŽĹŠ ÄŽĹŠ ÄŽĹŠ ÄŽĹŠ ÄŒĹŠ ĉŊ ćŊ
Ä‘ Ĉ Ĉ ÄŠ ĉ ć ć ÄąÄˆ Ĺĉ ÄąÄˆ Ĺĉ ÄąÄˆÄˆ
ćć ēŊ
ēŊ +ĹŠ 104#1.ĹŠ 1!#+.ĹŠ )#" ĹŠ $4#ĹŠ4- ĹŠ"#ĹŠ+ 2ĹŠÄƒ%41 2ĹŠ"#+ĹŠ #/.13(5.ĹŠ 4#-! Ä“
3+#3 2Ŋ #-Ŋ !!(¢-
ĀĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
ĹŠĹŠ
ĹŠĂŒ-(! ĹŠ,4)#1ĹŠ / 13(!(/ -3#ĹŠ#-ĹŠ + ĹŠÄˆÄ‡ ēŊ$4#ĹŠ+ ĹŠ .3 5 +# Ŋ 13' ĹŠ 4;1#9ĹŠ Ä¸Ä‡Ä‡ÄŒÄŽÄŒÄšÄ”ĹŠ04(#-ĹŠ /1;!3(! ĹŠ+ ĹŠ"(2!(Äą /+(- ĹŠ' !#ĹŠÄŒĹŠ  .2ēŊĥ 4#ĹŠ,.3(Äą 5 -3#ĹŠ8ĹŠ ĹŠ+ ĹŠ5#9ĹŠ #7(%#-3#ĔŊ'4 .ĹŠ 4-ĹŠ31 ,.ĹŠ04#ĹŠ 2.+.ĹŠ#1 ĹŠ!4#23 ĢŊ
#1! ĹŠ"#ĹŠÄŒÄ‡Ä‡ĹŠ 3+#3 2ĹŠ2#ĹŠ"(#Äą 1.-ĹŠ!(3 ĹŠ ĹŠ+ ĹŠ2#%4-" ĹŠ#"(!(¢-ĹŠ "#ĹŠ+ ĹŠ!.,/#3#-!( ĹŠ 34-3 04(ĹŠ ÄˆÄ‡ĹŠ ēŊ 4#5#ĹŠ! 3#%.1~ 2ĹŠ24/#Äą 1 1.-ĹŠ+ ĹŠ/14# Ä“ ĹŠ ĹŠ ěŊ 7 j[cfhWdWi ^ehWi Z[ bW cW‹WdW" bWi YWj[]e# h‡Wi _d\Wdj_b[i WXh_[hed bW YWhh[# hW f[Z[ijh[ Z[dec_dWZW '&A [d 7jkdjWgk_$ Kd ieb hWZ_Wdj[ WYecfW‹Œ W bei Yecf[j_Zeh[i$ BWi Wkjeh_ZWZ[i YWdjedWb[i Yed [b cej_le Z[ Y[b[XhWh bei -* W‹ei Z[ Yh[WY_ÂŒd Z[iWhhebbÂŒ bW Yecf[j[dY_W Wjbƒj_YW" bW c_icW gk[ jkle Yece [iY[dWh_e bWi fh_dY_fWb[i YWbb[i Z[ bW Y_kZWZ" i_[dZe kdW fWhj_YkbWh_ZWZ o kd h[je fWhW bei fWhj_Y_fWdj[i Z[ bei Z_\[h[dj[i bk]Wh[i Z[ bW fhel_d# Y_W$ BW YWhh[hW Ykcfb_ÂŒ Yed bW Ă’ # dWb_ZWZ Z[ \ec[djWh bW fh|Yj_YW Z[fehj_lW [djh[ bei Y_kZWZWdei gk[ ]kijWd Z[ [ij[ Z[fehj[" jWd d[Y[iWh_W fWhW c[`ehWh bW YWb_# ZWZ Z[ l_ZW Z[ bW feXbWY_ÂŒd 7d# j[‹W [ ?cXWXkh[‹W$ BW iWb_ZW Z[ bW cWoeh‡W Z[ bWi YWj[]eh‡Wi jkle bk]Wh [d [b fWh# gk[ CWh_iYWb IkYh[" ik h[Yehh_Ze
Ä Äƒ
+%4-.2ĹŠ #24+3 ".2
45#-(+#2ĹŠ , 2 ÄˆÄ“ĹŠ ĉēŊ ĊēŊ
23#$ -~ ĹŠ 4 !' Ä“ +(!( ĹŠ 1#5 +. ;3 +8ĹŠ 11
1.-#2 ÄˆÄ“ĹŠ . (-2.-ĹŠ 4#1#, ;9 ĉēŊ (#%.ĹŠ ĂŒ04#11#9 ĊēŊ ,#12.-ĹŠ .-+ %.
\k[ Z[ WYk[hZe W bWi YedZ_Y_ed[i Z[ bW [ZWZ Z[ bei fWhj_Y_fWdj[i" Yed [nY[fY_ÂŒd fWhW bW YWj[]eh‡W I[d_eh CWij[h Ăˆ7É o Ăˆ8É" gk[ i[ WfeijWhed [d bW Yeckd_ZWZ Z[ bW 9eb_dW f[hj[d[Y_[dj[ W bW fW# hhegk_W Z[ 9^WbjkhW ZedZ[ \k[ bW bWh]WZW" ^WijW bb[]Wh Wb fWhgk[ Y[djhWb" Wikc_[dZe kd h[Yehh_Ze Z[ '& a_bÂŒc[jhei$ BW fhk[XW [if[hWZW feh jeZei WhhWdYÂŒ Y[hYW W bWi '&0)&" bei '&
Ä“ĹŠÄŒÄ‡Ä‡ĹŠ 3+#3 2ĹŠ2#ĹŠ"(#1.-ĹŠ!(3 ĹŠ ĹŠ+ ĹŠ!.,/#3#-!( ĹŠ#-ĹŠ 34-3 04(ĹŠ#23#ĹŠ".,(-%.Ä“
a_bÂŒc[jhei [ijWXb[Y_Zei h[Ye# hh_[hed bei fWhj_Y_fWdj[i$ Eh]W# d_icei Z[ ieYehhe" XecX[hei" feb_Y‡W o [`ƒhY_je i[ WfeijWhed W be bWh]e Z[b jhWpWZe fWhW [l_jWh WYY_Z[dj[i$ ;djh[ jWdje [b f‘Xb_Ye WĂ’ Y_e#
dWZe [if[hWXW bW bb[]WZW [d [b fWhgk[" Wb YWXe Z[ *+ c_dkjei Wfhen_cWZWc[dj[ [b fh_c[h Yecf[j_Zeh WfWh[Y_ÂŒ" i[ jhWjWXW Z[ 9h_ijÂŒXWb DWhl|[p Z[ EjWlW# be i[]k_Ze feh @[Ăľ [hied H[l[be d‘c[he &&&. Z[ bW fhel_dY_W
Z[b 9WhY^_" fWhW Z[`Wh [d j[hY[h bk]Wh W 9Whbei I|dY^[p _cfh[]# dWZe [d ik YWc_i[jW [b &'/,$ Bei fh_c[hei bk]Wh[i h[Y_X_[hed fh[c_ei [YedÂŒc_Yei" jhe\[ei o c[ZWbbWi$
4#%.2ĹŠ -3#1-.2 Ă‹ ēŊ +ĹŠ! ,/#.- 3.ĹŠ2.+.ĹŠ" , 2ĹŠ!.,#-9Â˘Ä”ĹŠÄˆÄŒĹŠ#04(/.2ĹŠ2#ĹŠ"(2/43 -ĹŠ#+ĹŠ!#13 Äą ,#-ĹŠ"#/.13(5.ĹŠ#-ĹŠ '4 1!.!' Ä“
, 2ĹŠ ĹŠ+ ĹŠ! -!' 7o[h W bWi &/$&& i[ Z_e _d_Y_e Wb Fh_c[h 9Wcf[edWje Z[ <‘jXeb Z[ ZWcWi [d [b XWhh_e OW^kWhYe# Y^W Z[ bW fWhhegk_W Z[ bW :ebehe# iW Z[b Fh_ehWje$ Feij[h_ehc[dj[ ^kXe jh[i Yej[`ei eĂ’ Y_Wb[i$ 9ed bW fh[i[dY_W Z[ '* [gk_# fei" bei eh]Wd_pWZeh[i _dWk]k# hWhed [b Y[hjWc[d Z[fehj_le" i[]k_ZWc[dj[ i[ Z[i_]dÂŒ W bWi I[‹eh_jW :[fehj[i gk[ h[YWoÂŒ [d =_i[bW Fkf_Wb[i Z[b [gk_fe =[d_ei FheZkYY_ed[i Z[b XWhh_e IWd C_]k[b Z[ OW^kWhYeY^W$
Bk[]e Z[b WYje fhejeYebWh_e i[ bb[lÂŒ W YWXe jh[i [dYk[djhei [d [b [iY[dWh_e Z[fehj_le" [b f‘# Xb_Ye WĂ’ Y_edWZe gk[ bb[]ÂŒ [d kd Xk[d d‘c[he Z_i\hkjÂŒ Z[b Z[Xkj Z[ bei fWhj_Y_fWdj[i" [djh[ [bbei [ijkle [b [gk_fe Z[ ;ic[hWbZWi Z[dec_dWZe 7bje JWcXe$ #3 ++#
I[cWdWbc[dj[ [d [b [ijWZ_e Z[ OW^kWhYeY^W i[ Z[iWhhebbWh|d i[_i fWhj_Zei jeZei bei Zec_d]ei W fWhj_h Z[ bWi &.0&&
I[ Ykcfb_ÂŒ bW fh_c[hW i[cW# dW Z[ bei `k[]ei _dj[hdei Z[ bW Kd_ZWZ ;ZkYWj_lW B_Z_W I[# l_bbW$ ;b ‘bj_ce l_[hd[i Z[iZ[ bWi &-0)&" bei c|i f[gk[‹ei" `WhZ‡d o [b I[]kdZe 7‹e Z[ ;ZkYWY_ÂŒd 8|i_YW i[ [d\h[d# jWhed [d bW Z_iY_fb_dW Z[ _d# Zeh\‘jXeb$ ;b [gk_fe f|hlkbe \k[ Z[hhejWZe feh &n*$ BW `ehdWZW Z[fehj_lW de i[ Z[jkle" W bWi '&0&& bei fh_# c[hei W‹ei Z[ XWY^_bb[hWje Ykcfb_[hed Yed YkWjhe Yej[# `ei [ijWXb[Y_Zei$ BW \Wc_b_W [ZkYWj_lW B?I;B l_l[ ik h[# Yh[WY_ÂŒd W be c|n_ce$ Bei fWhj_Zei Yedj_d‘Wd ^eo [d bWi YWdY^Wi Z[ bW _di# j_jkY_ÂŒd" [ijW i[cWdW i[h| YbWi_Ă’ YWjeh_W o Z[Y_i_lW fWhW bei Z_\[h[dj[i [gk_fei gk[ fWhj_Y_fWd" oW gk[ [b fhÂŒn_# ce l_[hd[i i[h| bW YbWkikhW o fh[c_WY_ÂŒd W bei [gk_fei gk[ ]epWd Z[b c[`eh fkdjW`[ Z[djhe Z[b jehd[e Z[ bWi Zei Z_iY_fb_dWi1 X|igk[j [ _dZeh \‘jXeb$
ÂĄ ēŊ 234"( -3#2ĹŠ"#+ĹŠ ĹŠ /4-3 -ĹŠ/ 1 ĹŠ#23 ĹŠ2#, - ĹŠ!+ 2(ÄƒĹŠ! 1ĹŠ ĹŠ+ ĹŠ %1 -ĹŠÄƒĹŠ- +Ä“
#24+3 ".2
Â&#x; Ä?ĖĊćŊ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ Â&#x; ĹŠ ĹŠ đĖććŊ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ
ćŊ
Č
ćŊ
Č
ÄŠ ĹŠ ĹŠ
ĹŠ ĹŠÄˆ ĹŠ ĹŠ
ĹŠ
ÄŠĹŠ
Ä?
ĹŠ ĹŠ Ä’ ĹŠ ĹŠ ĹŠ ĹŠÄŠ ĹŠ ĹŠ
ĹŠ
ÄˆĹŠ
Ä?
ĹŠ
Ŋ ĉ Ŋ Ŋ
ĹŠ ĹŠÄˆÄ‡ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĉ ĹŠ ĹŠ
ĹŠ ĹŠÄ‘ ĹŠ ĹŠ ĹŠ
ĹŠ ÄŒĹŠ
ÄŠ
ÄŒĹŠ
ÄŠ
ĹŠ Ĉ ĹŠ ĹŠ
ĹŠ ĹŠÄ‘ ĹŠ ĹŠ ĹŠ
ĹŠ Ä?ĹŠ
Č
Ä Ä…
ĀĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
ēŊ 1(.2Ŋ#04(/.2Ŋ2#Ŋ/1#/ 1 -Ŋ/ 1 Ŋ+ Ŋ2(%4(#-3#Ŋ$#!' ē
,.!(.-#2ĹŠ#-ĹŠ#+ĹŠ $ĂŒ3 .+ĹŠ1;/(".
;djh[ [b i|XWZe o [b Zec_d]e i[ `k[]W bW j[hY[hW \[Y^W Z[b YWc# f[edWje Z[ \‘jXeb h|f_Ze ÆB_d\e# ]eb[i fWhW bW L_ZWÇ [d bW 9WdY^W C[j[ =eb =WdW$ Bei [gk_fei fWh# j_Y_fWdj[i ^Wh|d ik fWhj_Y_fWY_ÂŒd W fWhj_h Z[ bWi '.^&&" ^ehW [d bW gk[ i[ WXh[ bW `ehdWZW Z[b i|XW# Ze$ BW [iYkWZhW ]WdWZehW Z[b YWcf[edWje" i[ ^Wh| WYh[[Zeh W kd l_W`[ W bWi F[‹Wi" ;ic[hWbZWi Yed jeZei bei ]Wijei fW]WZei$ ;ijW WYj_l_ZWZ" eh]Wd_pWZW feh [b Fhe]hWcW Z[ Fh_dY_f_ei <kd# ZWc[djWb[i o LWbeh[i >kcWd_jW# h_ei Z[ bW 9hkp He`W ;YkWjeh_WdW @kdjW Fhel_dY_Wb Z[ ?cXWXkhW" j_[d[ Yece eX`[j_le fhecel[h ^|X_jei Z[ l_ZW iWbkZWXb[ [d bW feXbWY_ÂŒd Z[ ?cXWXkhW c[# Z_Wdj[ bW fh|Yj_YW Z[fehj_lW o bW ZedWY_ÂŒd lebkdjWh_W" Wbjhk_ijW o h[f[j_j_lW Z[ iWd]h[$ 7Z[c|i" fh[j[dZ[ Yh[Wh kd [ifWY_e Z[ Yedl_l[dY_W fWY‡Ò YW Yed bWi f[h# iedWi h[\k]_WZWi o ieb_Y_jWdj[i Z[ h[\k]_e [d bW h[]_ÂŒd dehj[$
Ë ēŊ +Ŋ!4 "1.Ŋ5(2(3 -3#Ŋ+.%1¢Ŋ#,/ 3 1Ŋ#+Ŋ/ 13(".Ŋ"41 -3#Ŋ+ Ŋ#3 / Ŋ!.,/+#,#-3 1( ē
ĹŠÄĄ ĹŠ ĹŠ
4-3.2ĹŠ
ÄˆĹŠ ĹŠ Ä?ĹŠĹŠ ĉŊ ĹŠ ĹŠ ÄŠĹŠĹŠ ÄŠĹŠ ĹŠ ćŊ ÄŒĹŠ Ä“ Ä“ ēŊ ŊćŊ ĹŠ ĹŠ ĹŠ 4-3.2ĹŠĹŠ ÄˆĹŠ ĹŠĹŠ ĹŠÄŠĹŠĹŠ ĉŊ ĹŠ ēŊ ĹŠÄŠĹŠĹŠ ÄŠĹŠ ĹŠ ĹŠÄŠĹŠĹŠ ÄŒĹŠ ĹŠ ĹŠ ćŊŊ ĹŠ ĹŠ ĹŠ ĹŠ 4-3.2ĹŠ ÄˆĹŠ ĹŠ ĹŠ ĹŠÄ?ĹŠĹŠ ĉŊ ĹŠÄĄ ĢŊŊ ÄŠĹŠĹŠ Ä“ Ä“ ēŊŊ ćŊ ÄŒĹŠ ĹŠ ŊćŊŊ ĹŠ ĹŠĹŠ ĹŠ ĹŠ 4-3.2ĹŠĹŠ ÄˆĹŠ ēŊ ĹŠĹŠ ÄŠĹŠ ĉŊ ĹŠ ĹŠ ÄŠĹŠĹŠ ÄŠĹŠ ĹŠĹŠ ćŊŊ ÄŒĹŠ ĹŠĹŠ ćŊŊ
.+ĹŠĹŠ"($#1#-!( ÄŠĹŠ ćŊ ĹŠÄąÄˆĹŠ ŊĹĉŊ .+ĹŠ"($#1#-!( ĹŠ ĈÄ?ĹŠ ÄˆÄ‰ĹŠ ÄˆĹŠ ĹĊć .+ĹŠ"($#1#-!( ĹŠ đŊ ÄŠĹŠ ĹŠÄąÄ?ĹŠ ÄąÄˆÄ‰ĹŠ ĹŠ .+ĹŠ"($#1#-!( ĹŠ ÄŒĹŠ ĉŊ ĹĉŊ ÄąÄŒĹŠ
ÄŠ Ĉć ĹŠ Äą Äľ ĹŠ
.Ŋ2#Ŋ'(!(#1.-Ŋ"  . -Ŋ/ 13(".Ŋ5( 1 -3#Ŋ2#Ŋ+.%1¢Ŋ#2/#!3 1Ŋ+ Ŋ 3 1"#Ŋ"#Ŋ#23#Ŋ".,(-%.Ŋ#-31#Ŋ+.2Ŋ#04(/.2Ŋ .2Ŋ"#Ŋ 19.Ŋ8Ŋ 42'4!Ŋ 4- ēŊ Ŋ ŊěŊ 9ed jh_XkdW bb[#
dW o WYecfW‹WZei Z[ kd ieb hW# Z_Wdj[ bW cW‹WdW Z[ Wo[h [d [b [ijWZ_e @W_c[ J[h|d @WhWc_bbe" i[ Z[iWhhebbÂŒ [b fWhj_Ze Wc_ije# ie [djh[ bWi [iYkWZhWi Z[b :ei Z[ CWhpe Z[ bW Y_kZWZ Z[ 7jkd# jWgk_ Wdj[ [b Cki^kY HkdW Z[ 7cXWje$ ;b h[ikbjWZe \k[ fWh[# `e" * W *$ Feh bWi Ă’ [ijWi Z[ YWdjed_pW#
Y_ÂŒd Z[ 7jkdjWgk_" Wb Y[b[XhWh jhWXWd [gk_b_XhWZWi" bb[]WZWi Z[ bei -* W‹ei" W bWi '(0&& [b [d# f[b_]he jkl_[hed gk[ ikf[hWh bei Yk[djhe \kjXeb‡ij_Ye Yec[dpÂŒ YWdY[hX[hei Z[ WcXei [gk_fei$ Yece [ijWXW fh[l_ije$ 7cXei ;b Ă’ dWb Z[ bW fh_c[hW [jWfW [b [gk_fei iWb_[hed W bW YWdY^W fWhj_Ze iWb_ÂŒ Yed kd cWhYWZeh fWhW c[Z_h iki \k[hpWi o [i# Z[ ) feh (" W \Wleh Z[ bei WdĂ’ # jh_ed[i$ jkZ_Wh Wb [gk_fe 7dj[# ‹e gk[ Z[XkjWh| [d [b ĹŠĹŠ YWcf[edWje fhel_dY_Wb #%4-" ĹŠ#3 / Z[ I[]kdZW 9Wj[]eh‡W [b ;d bW fWhj[ Yecfb[c[djW# +ĹŠ/1¢7(,.ĹŠ fhÂŒn_ce '* Z[ WXh_b$ h_W" bei fh_c[hei c_dkjei )4#5#2ĹŠ#+ĹŠ +4 ĹŠ ;d bW fh_c[hW [jWfW" .2ĹŠ"#ĹŠ 19.ĹŠ bei Zk[‹ei Z[b XWbÂŒd \k[# [b [gk_fe beYWb l_ij_[dZe 3#-"1;ĹŠ4-ĹŠ-4#5.ĹŠ hed bei beYWb[i" kd pWfWjW# !.,/1.,(2.ĹŠ Z[ l[hZ[ o he`e \k[ [n_# ,(23.2.ĹŠ!.-ĹŠ#+ĹŠ pe feh fWhj[" dk[lWc[dj[ #04(/.ĹŠ"#ĹŠ ][dj[ YedjhW iki h_lWb[i" 3 5 +.Ä”ĹŠÄŠÄˆĹŠ"#ĹŠ Z[b `k]WZeh d‘c[he ." 1#ĔŊ#-ĹŠ#+ĹŠ Z[djhe Z[b h[Yj|d]kbe !34 @eiƒ ;ijkf_‹|d fkie [b ,(2,.ĹŠ#2!#- 1Äą Z[ `k[]e bW pedW e\[di_# (.ĹŠ"#/.13(5.ĹŠ ĹŠ+ 2ĹŠ cWhYWZeh feh bW c_jWZ Z[ lW WZ[bWdjÂŒ iki b‡d[Wi ĈĎĖćć iki Yedjh_dYWdj[i$ fWhW be]hWh Yedgk_ijWh ;b \[ij_lWb Z[ ]eb[i gk[ [b fh_c[h jWdje gk[ bb[]ÂŒ W bei Z_i\hkjWhed bWi f[hiedWi gk[ '* c_dkjei feh fWhj[ Z[b `k]W# bb[]Whed ^WijW [b [iY[dWh_e Z[# Zeh @eiƒ ;ijkf_‹|d" YWc_i[jW fehj_le \k[ cWhWl_bbeie$ Kd ]eb d‘c[he .$ c|i W \Wleh Z[b Cki^kY HkdW Cki^kY HkdW Z_h_]_Ze feh be]hÂŒ ]h_jWh [b f‘Xb_Ye fh[i[dj[" FWjh_Y_e F|[p" fh[fWhWZeh \‡# h[ikbjWZe Yed [b YkWb j[hc_dÂŒ [b i_Ye" [d h[fh[i[djWY_ÂŒd Z[ ik Yecfhec_ie Wc_ijeie" * n * [b fh_dY_fWb @kWd Oƒf[p" de XW`ÂŒ cWhYWZeh Ă’ dWb$ bW ]kWhZ_W" W f[iWh gk[ _XW f[hZ_[dZe" iki fkf_bei [cf[# 4#1/.ĹŠ3_!-(!. pWhed W cWhYWh [djh[]WdZe [b 7b cec[dje [b [gk_fe 7dj[‹e [i\ƒh_Ye Yed `k]WZWi fh[Y_iWi [ij| Yed\ehcWZe feh [b Yk[hfe Wdj[ [b WhYe h_lWb$ jƒYd_Ye1 HeX[hje 7hj_[ZW Yece 7 bei (- c_dkjei [b ]kWhZW# :J" 7i_ij[dj[ ?l|d HkWb[i" c[jW 7dj[‹e \k[ iehfh[dZ_Ze" Fh[fWhWZeh <‡i_Ye CWhYe F_jW" bb[]ÂŒ [b [cfWj[ feh c[Z_e Z[b 9eehZ_dWZeh C[ZWhZe 7]k_# `k]WZeh YebecX_Wde :Wl_Z hh[" fh[fWhWZei fWhW [d\h[djWh H[ijh[fe d‘c[he -" ƒij[ fkie [b YWcf[edWje Z[ I[]kdZW YW# bW f[bejW Wb Ă’ dWb Z[ bWi h[Z[i$ j[]eh‡W$ BWi fWhj[i e\[di_lWi i[ [dYed#
1(!(.Ŋ 9ĔŊ,.-(3.1Ŋ"#Ŋ 3+#3(2,.Ŋ#-Ŋ+ Ŋ #"#! 1!'(
Ä Ä†
ĀĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚ ĀĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
: Ŋě ;b jkbYWd[‹e <WXh_Y_e
FWp [i [b dk[le ced_jeh Z[ Wjb[# j_ice Z[ bW <[Z[hWY_ÂŒd :[fehj_# lW Z[b 9WhY^_$ 7 ik YWh]e [ijWh| bW cWi_Ă’ YWY_ÂŒd o \ehcWY_ÂŒd Z[ bei Wjb[jWi _d\Wdj_b[i$ ;b Z[fehj_ijW YWhY^[di[ gk[ YkhiW [b i[nje d_l[b Z[ JƒYd_YW :[fehj_lW [d [b ?dij_jkje Z_`e gk[ Wikc‡W [b YWh]e Yed WXiebk# jW i[h_[ZWZ o h[ifediWX_b_ZWZ bW \ehcWY_ÂŒd Z[ bei d_‹ei o d_‹Wi Z[ eY^e W '( W‹ei$ FWhW [bbe oW ^_pe WY[hYWc_[d# jei Yed [ijkZ_Wdj[i Z[ bWi Z_\[# h[dj[i _dij_jkY_ed[i [ZkYWj_lWi Z[ bW beYWb_ZWZ Yed [b Ă’ d Z[ ce# j_lWhb[i W i[h fWhj[ Z[ bW ;iYk[bW Z[ 7jb[j_ice gk[ j[dZh| Yece XWi[ Z[ [djh[dWc_[dje [b [ijW# Z_e Eb‡cf_Ye Z[ JkbY|d Z[iZ[ bWi '+0&& ^WijW bWi '-0&&$ ÆDk[ijhe eX`[j_le [i i[djWh XWi[i \_hc[i [d bW \ehcWY_ÂŒd Z[ Wjb[jWi jWb[djeiei gk[ dei h[fh[i[dj[d Z_]dWc[dj[ [d bei Z_ij_djei [l[djei Z[fehj_lei" fheY[ie gk[ de i[h| Z[ bW deY^[ W bW cW‹WdW" f[he [ijWcei i[]k# hei Z[ be]hWhbe Yed [b Wfeoe Z[ bei fWZh[i Z[ \Wc_b_W" fhe\[ieh[i o [b Yecfhec_ie Z[ bei c_icei Z[fehj_ijWi"Ç [nfh[iÂŒ FWp$ I[]‘d [b ced_jeh" [b Z[feh# j[ [i [b c[`eh c[YWd_ice fWhW
ēŊ 1(!(.Ŋ 9Ŋ3(#-#Ŋ4-Ŋ %1 -Ŋ1#3.Ŋ!.-Ŋ#+Ŋ 3+#3(2,.Ŋ"#Ŋ+ Ŋ /1.5(-!( Ŋ"#+Ŋ 1!'(ē
WfWhjWhi[ Z[ YeiWi d[]Wj_lWi gk[ f[hcWd[dj[c[dj[ WY[# Y^Wd W bei d_‹ei o `Œl[d[i$ ;b [djh[dWc_[dje de [i W`[de W FWp" fk[i [d \ehcW _d# Z[f[dZ_[dj[ kX_YŒ Wb [gk_fe Z[ bW [iYk[bW 7d]ƒb_YW CWhj‡# d[p [d i[]kdZe bk]Wh [d bei @k[]ei ?dj[h[iYebWh[i$ ;d [b |cX_je Z[fehj_le jh_kd\Œ [d ckY^Wi YWhh[hWi f[Z[ijh[i" ]WdŒ Zei l[Y[i bW YWhh[hW Kbj_cWi Dej_Y_Wi [d bW YWj[]eh‡W `kl[d_b o YWcf[Œd dWY_edWb [d bei '& c_b c[jhei fbWdei [d 9k[dYW" [djh[ ejhei be]hei$
2!4#+ ĹŠ"#ĹŠ ĂŒ3 .+ĹŠ $.1, ĹŠ-4#5.2ĹŠ3 +#-3.2 : ĹŠÄ› BW ;iYk[bW Z[ <‘jXeb
Z[ bW <[Z[hWY_ÂŒd :[fehj_lW Z[b 9WhY^_ Yedj_d‘W Yed ik Y_Ybe Z[ fh[fWhWY_ÂŒd" [b c_ice gk[ WhhWdYÂŒ [d [d[he$ BW h[ifk[ijW ^W i_Ze \WlehWXb[" fk[i YWZW Z‡W i[ ikcWd c|i d_‹ei Yecfh[d# Z_Zei [d bWi [ZWZ[i Z[ i[_i W '& W‹ei$ ;b [djh[dWZeh 7hjkhe Eh# gk[hW [nfh[iÂŒ gk[ [i kd jhWXW# `e gk[ b[ f[hc_j[ ^WY[h be gk[ W ƒb b[ ]kijW0 [di[‹Wh bWi j|Yj_YWi Z[ \‘jXeb W bei c|i f[gk[‹ei o YkoW h[Y[fj_l_ZWZ [i WiecXhe# iW$ Æ;n_ij[ jWb[dje [d dk[ijhei d_‹ei o [ijWcei Yedl[dY_Zei gk[ ij[ fheY[ie j[dZh| h[ikbjW# Zei ÂŒfj_cei" fk[i [d [b \‘jXeb
Wb _]kWb gk[ [d ejhWi Z_iY_fb_dWi ^Wo gk[ i[djWh XWi[i de iebe [d bW fWhj[ \‡i_YW o j|Yj_YW i_de jWcX_ƒd [d lWbeh[iÇ" i[‹WbÂŒ Ehgk[hW$ @[h[co L_bbWhh[Wb" Z[ '& W‹ei" ^_dY^W Z[ bW B_]W :[# fehj_lW Kd_l[hi_jWh_W B:K Z[ Gk_je" bb[lW Zei W‹ei [d bWi [iYk[bWi Z[ \ehcWY_ÂŒd Z[ bW <[# Z[YWhY^_$ ;b f[gk[‹e ck[ijhW ik iWj_i\WYY_ÂŒd o Wb[]h‡W Z[ i[h fWhj[ Z[ [ij[ fheY[ie$ xb o iki YecfW‹[hei [if[hWd Yed Wdi_Wi bei [djh[dWc_[djei gk[ i[ [\[Yj‘Wd [d [b [ijWZ_e Eb‡cf_Ye bei bkd[i" c_ƒhYeb[i o l_[hd[i Z[iZ[ bWi ',0&& ^Wi# jW bWi '.0&&$
ēŊ .2ĹŠ-( .2ĹŠ"#ĹŠ+ ĹŠ 2!4#+ ĹŠ"#ĹŠ ĂŒ3 .+ĹŠ"#ĹŠ+ ĹŠ #"#! 1!'(ĹŠ#-31#- -ĹŠ#-ĹŠ#+ĹŠ #23 "(.ĹŠ +~,/(!.Ä“
(%-(ÄƒĹŠ! 1;ĹŠ#+ĹŠ "#/.13# ēŊ (2'#++#ĹŠ -1~04#9ĹŠ1#/1#2#-3 1;ĹŠ +ĹŠ"#/.13#ĹŠ 11( +ĹŠ8ĹŠ/ 11.04( +ĹŠ"#+ĹŠ 1!'(ĹŠ#-ĹŠ#+ĹŠ1#(- ".ĹŠ"#ĹŠ 4+!;-ĹŠ ĹŠ1# +(9 12#ĹŠ#+ĹŠ 2; ".ĹŠÄ‰ÄŒĹŠ"#ĹŠ, 19.ēŊ ĹŠ !.,/  Ŋ 4%.ĹŠ #¢-ĔŊ/1#2("#-3#ĹŠ"#ĹŠ+ ĹŠ #"#- +(% 2Ä“
2Ŋ+ Ŋ/1./4#23 Ŋ"#Ŋ+ Ŋ1#(- Ŋ"#+Ŋ "#/.13#Ŋ 11( +Ŋ8Ŋ/ 11.04( +ĔŊ (2'#++#Ŋ -1~04#9ē : Ŋě :_[p YWdZ_ZWjWi Z[ Jkb#
Y|d o @kb_e 7dZhWZ[ Z_ifkjWhed [b j‡jkbe Z[ h[_dW Z[b Z[fehj[ XW# hh_Wb o fWhhegk_Wb Z[b 9WhY^_ [d bW deY^[ Z[b i|XWZe [d [b 9eb[]_e Z[ 7hgk_j[Yjei Z[b 9WhY^_$ 7b Ă’ dWb ]WdÂŒ bW YWh_ic|j_YW C_i^[bb[ ;dh‡gk[p" Z[ bW B_]W Dehj[$ ?d_Y_Wbc[dj[ h[fh[i[d# jÂŒ Wb YbkX <en IeYY[h$ I[‹eh_jWi 9ed\hWj[hd_ZWZ o I_cfWj‡W \k[# hed [b[YjWi 9_dj^oW 9WbZ[hÂŒd o @[ddo Ceh_bbe" bWi Zei Z[ bW B_]W 9[djhWb$ BWi fhefk[ijWi Z[ bW ieX[hW# dW ied c[`ehWh bWi YedZ_Y_ed[i Z[ bei Z[fehj_ijWi XWhh_Wb[i o fWhhegk_Wb[i Wi‡ Yece ][ij_edWh [b Wfeoe Z[ [dj_ZWZ[i f‘Xb_YWi o fh_lWZWi fWhW Wkc[djWh bW _dl[hi_ÂŒd [d [b c[`ehWc_[dje o Yh[WY_ÂŒd Z[ c|i [ifWY_ei Z[feh# j_lei$ Æ;b Z[fehj[ [i kdW Z[ceijhW# Y_ÂŒd \‡i_YW o c[djWb$ ;i h[Yh[W# Y_ÂŒd" fbWY[h o Z_l[hi_ÂŒd$ JeZei Z[X[cei Z_i\hkjWhbeÇ" [nfh[iÂŒ bW h[_dW$ BW ieX[hWdW YkhiW [b i[]kdZe W‹e Z[ XWY^_bb[hWje" [if[Y_Wb_ZWZ <‡i_Ye CWj[c|j_Ye" [d [b Yeb[]_e BW IWbb[$ Ik \kjkhe [ijWh| [d kdW ?d][d_[h‡W [d F[jhÂŒb[ei e [d bW <k[hpW 7ƒh[W ;YkWjeh_WdW <7; $ 7 C_i^[bb[ b[ \WiY_dW bW ZWdpW" jeYWh [b f_Wde" b[[h o [b Wjb[j_ice$ >WY[ i[_i W‹ei [i fWhj[ Z[b Jh[d :WdY‡ij_Ye 7cWkjW$ BW h[_dW W]hWZ[Y_ÂŒ [b Wfe#
oe Z[ ik \Wc_b_W fehgk[ [i kd f_bWh \kdZWc[djWb [d ik l_ZW$ Iki fWZh[i =[hc|d ;dh‡gk[p o 9edY[fY_ÂŒd @|Yec[ \[ij[`Whed W be ]hWdZ[ [b j‡jkbe Yedi[]k_Ze feh C_i^[bb[$ ÆDei i[dj_cei eh# ]kbbeiei Z[ dk[ijhW ^_`W fehgk[ Z[iZ[ f[gk[‹_jW i[ Z[ijWYÂŒ feh ik bWXeh _dj[b[YjkWbÇ" [nfh[iÂŒ ik cWZh[$ BW ieX[hWdW Z[b Z[fehj[ XW# hh_Wb o fWhhegk_Wb Z[b 9WhY^_ fWh# j_Y_fWh| [d [b h[_dWZe Z[ JkbY|d W h[Wb_pWhi[ [b i|XWZe (* Z[ cWh# pe [d [b Yeb_i[e '/ Z[ Del_[cXh[$ ?dY[dj_lWh bW fh|Yj_YW Z[fehj_lW i[h| ik fh_dY_fWb Z[iW\‡e$ ;b `khWZe YWb_Ă’ YWZeh [ijkle _dj[]hWZe feh 7dZhƒi HkWde"
l_Y[WbYWbZ[ Z[ JkbY|d1 CWkh_Y_e 7h]”[bbe" fh[i_Z[dj[ Z[ bW <[# Z[hWY_Œd :[fehj_lW Z[b 9WhY^_1 >k]e B[Œd" fh[i_Z[dj[ Z[ bW <[# Z[hWY_Œd DWY_edWb Z[ B_]Wi :[# fehj_lWi 8Whh_Wb[i o FWhhegk_W# b[i Z[b ;YkWZeh <[Z[dWb_]Wi 1 7dW BkY‡W EhepYe" j[ieh[hW Z[ bW <[Z[dWb_]Wi1 =[hc|d CedjWble" fh_c[h l_Y[fh[i_Z[dj[ Z[ bW <[# Z[hWY_Œd :[fehj_lW Z[b 9WhY^_1 o ;Zm_d LWYW" WiWcXb[‡ijW$ ;bbei [iYe]_[hed W bW h[_dW Z[b Z[fehj[ XWhh_Wb o fWhhegk_Wb Z[ [djh[ '& YWdZ_ZWjWi0 Feb[j^ 7h[bbWde B_]W 9[djhW " ;b_pWX[# j^ 7h[bbWde B_]W Ikh " <hWdY_Z 7hWk`e B_]W @kb_e 7dZhWZ[ " C_i^[bb[ ;dh‡gk[p B_]W Dehj[ " OebWdZW PWcXhWde B_]W Dehj[ " 8[bƒd C[h_de B_]W <[c[d_dW " 7b[`WdZhW =k[hhŒd B_]W @kb_e 7dZhWZ[ " OWc_b[ Ceh_bbe B_]W 9[djhWb " 9_dj^oW 9WbZ[hŒd B_]W 9[djhWb o 7h_WdW 9WZ[dW B_]W Ikh $
ēŊ -ĹŠ#+ĹŠ1#(- ".ĹŠ"#ĹŠ+ ĹŠ #"#1 !(¢-ĹŠ"#ĹŠ (% 2ĹŠ 11( +#2ĹŠ8ĹŠ 11.04( +#2ĹŠ "#+ĹŠ 1!'(ĹŠ/ 13(!(/ 1.-ĹŠÄˆÄ‡ĹŠ 2/(1 -3#2ēŊ 4#" 1.-ĹŠ2#(2ĹŠÄƒĹŠ- +(23 2Ä“
Ĺ? Ĺ?
Ĺ?
7 7 Ä Ä‡ 0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?ĀĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ?ĀĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
-*/ -. Ĺ‹ Ĺ‹* # ) : ĹŠÄ› 9ed \[Y^W (/ Z[ \[#
Xh[he Z[iZ[ [b Z[ifWY^e Z[b Fh[i_Z[dj[ Z[ bW H[fkXb_YW" HW\W[b 9ehh[W" i[ ZW h[ifk[i# jW Wb f[Z_Ze Z[b fh[\[Yje Z[b 9WhY^_" H[dƒ OWdZ‘d" gk_[d ieb_Y_je i[h Wj[dZ_Ze fWhW ZWh W YedeY[h ieXh[ [b 7Yk[hZe Z[ 9eef[hWY_Œd ?dj[h_dij_jk# Y_edWb o Wfeoe W bW Wf[hjkhW Z[b fk[dj[ _dj[hdWY_edWb Z[ Hkc_Y^WYW bWi (* ^ehWi$ ;d Z_Y^e ZeYkc[dje i[ b[ _dZ_YW W bW Wkjeh_ZWZ fhe# l_dY_Wb" gk[ bW W][dZW Z[b Fh_c[h CWdZWjWh_e b[ _cf_# Z[ h[Y_X_hbe Wi‡ gk[ Z[b[]W W bW ]eX[hdWZehW Z[b 9WhY^_" CWh‡W >[b[dW L_bbWhh[Wb Wj_[dZW [b f[Z_Ze i[W f[h# iedWbc[dj[ e W jhWlƒi Z[ kd \kdY_edWh_ei Z[ bW 9Whj[hW Z[ ;ijWZe Wj_[dZW [b f[Z_Ze Z[ WkZ_[dY_W$ F[i[ W gk[ i[ [dl_Œ [ij[ ZeYkc[dje Wb Z[ifWY^e fh[# i_Z[dY_Wb Wdj[i Z[ bW Wf[hjk# hW Z[ bW \hedj[hW ^WijW j[d[h ZWjei YedYh[jei Z[ YŒce i[ h[\ehpWh| bW i[]kh_ZWZ" i[ Z_e fWie W WXh_h Hkc_Y^WYW bWi (* ^ehWi$ 7‘d ^Wo _dYed\ehc_ZWZ [d lWh_Wi Wkjeh_ZWZ[i o Y_k# ZWZWd‡W$ 9WX[ c[dY_edWh gk[ bW ieb_Y_jkZ Z[ Wf[hjkhWh bW \hedj[hW \k[ Z[b Fh_c[h CWdZWjWh_e$
ēŊ .-ĹŠ 43.1(" "#2ĹŠ"#ĹŠ 1!'(ĹŠ8ĹŠ 1( .ĹŠ2#ĹŠ /#1341 ĹŠ+ ĹŠ $1.-3#1 ĹŠ#+ĹŠÄˆĹŠ"#ĹŠ, 19.Ä“
¥ ēŊ .2Ŋ!'.$#1#2Ŋ/1.$#2(.- +#2Ŋ"#Ŋ+ Ŋ/1.5(-!( Ŋ#23;-Ŋ"#Ŋ !4#1".Ŋ!.-Ŋ+ Ŋ1#! 3#%.1(9 !(¢-Ŋ"#Ŋ+ 2Ŋ+(!#-!( Ŋ/#1.Ŋ/("#-Ŋ2#Ŋ2.!( +(!#Ŋ+ Ŋ,#"(" ē
. !),#4 #š(ŋ ŋ&# ( # -ŋ ., ŋ / -ŋ ŋ., (-*),.#-. -ŋ .+(!(3 -Ŋ04#Ŋ+ Ŋ,#"(" Ŋ2# Ŋ2.!( +(Ĺ 9 " ēŊ .Ŋ2#Ŋ./.-#-Ŋ Ŋ+ Ŋ"(2/.2(!(¢-Ŋ8Ŋ /("#-Ŋ#23 +#!#1Ŋ$#!' Ŋ"#Ŋ#5 +4 !(¢-ē : Ŋ ě Bk[]e Z[b WdkdY_e Z[
Y_ed[i ied WY[fjWZWi feh bei bW h[YWj[]eh_pWY_ÂŒd Z[ b_Y[dY_Wi YedZkYjeh[i fhe\[i_edWb[i$ Z‡Wi Wjh|i" feh fWhj[ Z[ Æ9WZW 7][dY_W Fhel_d# CWkh_Y_e F[‹W" j_jkbWh Z[ ĹŠ Y_Wb j_[d[ gk[ YWfWY_jWh W lWh_ei Y^e\[h[i gk_[d[i bW 7][dY_W DWY_edWb Z[ Jh|di_je 7JD " Y^e\[h[i i[h|d bei [dYWh]WZei Z[ #1! ĹŠ"#ĹŠ2(#3#ĹŠĹŠ fhe\[i_edWb[i Z_[hed W ,(+ĹŠ!'.$#1#2ĹŠ/1.Äą jecWh bWi fhk[XWi" ^WijW YedeY[h ik lebkdjWZ fWhW $#2(.- +#2ĹŠ' 8ĹŠ [b cec[dje de i[ YedeY[ #-ĹŠ 1!'(ēŊ 1(.2ĹŠ ZWh fWie W bW c[Z_ZW f[he !.-"4!3.1#2ĹŠ gk_[d[i i[h|d" YkWdjWi ieb_Y_jWd kdW c[`eh ieY_W# !. 1 -ĹŠ4-ĹŠ,.-3.ĹŠ fh[]kdjWi ^WXh|$ I[]‘d bW /1.7(, ".ĹŠ"#ĹŠ b_pWY_ÂŒd ieXh[ [b j[cW$ ĉćŊ"¢+ 1#2ĹŠ(" ĹŠ8ĹŠ Z_ifei_Y_ÂŒd [ije WhhWdYW# FWhW 9Whbei =WhY‡W" 54#+3 ēŊ h| [b '+ Z[ cWhpeÇ [nfb_YÂŒ i[Yh[jWh_e ][d[hWb Z[b I_d# =WhY‡W$ I[]‘d [b fheY[ie" i_ [d bW fh_# Z_YWje Z[ 9^e\[h[i ;YkWZeh Z[b 9WhY^_ bW Z_ifei_Y_ÂŒd WokZWh| W c[hW [lWbkWY_ÂŒd [b Y^e\[h fhe\[# XW`Wh bei WYY_Z[dj[i Z[ jh|di_je i_edWb \WbbW j[dZh| ejhW efehjk# [d bWi l‡Wi" WZ[c|i bWi [lWbkW# d_ZWZ bk[]e Z[ eY^e Z‡Wi" Z[ de
-!1#,#-3.ĹŠ"#+ĹŠ/ 2 )# Ĺ—ĹŠĹŠ ĹŠ+ ĹŠ/ 1ĹŠ2#ĹŠ(-"(!¢Ŋ04#ĹŠ2#ĹŠ#23;ĹŠ#234"( -".ĹŠ+ ĹŠ/.2( (+(" "ĹŠ"#ĹŠ +9 1ĹŠ' 23 ĹŠ4-ĹŠÄ‰ÄŽĹ˜ĹŠ +.2ĹŠ/ 2 )#2ĹŠ(-3#1/1.5(-!( +#2ēŊ 1 ĹŠ+.2ĹŠ1#/1#2#-3 -3#2ĹŠ"#ĹŠ+ 2ĹŠ!../#1 3(5 2ĔŊ#23.ĹŠ
2#1;ĹŠ #-#ă!(.2.ĹŠ8ĹŠ2#ĹŠ/."1;ĹŠ!4 1(1ĹŠ+ ĹŠ! - 23 ĹŠ 43.,.31(9ēŊ #ĹŠ1#2 +3 1ĹŠ04#ĹŠ+ ĹŠ ĹŠ" 1;ĹŠ#+ĹŠ(-!1#,#-3.ĹŠ"#ĹŠ !4#1".ĹŠ ĹŠ4-ĹŠ -;+(2(2ĹŠ"#ĹŠ143 2ĹŠ8ĹŠ"#ĹŠ#++.ĹŠ2#1;ĹŠ#+ĹŠ/.1!#-Äą 3 )#ĹŠ ĹŠ(-!1#,#-3 1ēŊ
fWiWh dk[lWc[dj[ bW fhk[XW i[ b[ ZWh| W YedeY[h gk[ j_fe Z[ l[# ^‡Ykbe [ij| Wfje fWhW YedZkY_h$ BWi f[hiedWi gk[ Z[i[[d lebl[h W YedZkY_h kd Xki _dj[hfhel_d# Y_Wb Z[X[h| h[Wb_pWh kd Ykhie Z[ YedZkYY_ÂŒd o j[dZh|d gk[ Wik# c_h [b Yeije$ I[]‘d ;ZkWhZe 9kW_YWb" Yed# ZkYjeh Z[ bW Yeef[hWj_lW L[bejWn" \WbjW Z_\ki_ÂŒd Z[ bW Z_ifei_Y_ÂŒd" Æde iWX[cei YÂŒce i[ ZWh| bWi [lWbkWY_ed[i" Wkdgk[ dei fWh[Y[ Wb]e X[d[Ă’Y_eie Z[X[cei iWX[h
bei fWh|c[jhei fWhW fh[fWhWh# dei o bb[]Wh Wfjei W h[dZ_h bWi fhk[XWiÇ" Wi[]khÂŒ$ Feh ik fWhj[ HWc_he 7bc[_ZW Z[ bW Yeef[hWj_lW =WY[bW [nfb_YÂŒ gk[ bW dehcW WokZWh| W XW`Wh bei WYY_Z[dj[i [d bWi YWhh[j[hWi" ÆYed bWi [lWbkWY_ed[i bWi Wkjeh_ZWZ[i feZh|d YedijWjWh gk_[d[i Yec# fhWhed bWi b_Y[dY_Wi f[he de [i# jeo Z[ WYk[hZe [d fW]Wh dk[lW# c[dj[ kd Ykhiei Z[ YedZkYY_ÂŒd Z[ \WbbWh bWi Zei [lWbkWY_ed[iÇ Wh]kc[djÂŒ$
'* ˜ Ĺ‹ Ĺ‹ 0),Ĺ‹ &Ĺ‹ ' # (. ŋĒ "#(#.)Ĺ‹ #'*#)Ä“ : ĹŠÄ› ?dif_hWZei [d bW Ă’beie\‡W Z[ @_d]`_d]" bei [ijkZ_Wdj[i Z[b Yeb[]_e L_Y[dj[ <_[hhe fki_[hed [d cWhY^W kdW YWcfW‹W Z[ h[# Y_YbW`[$ ;ije" ]hWY_Wi W bW _d_Y_Wj_# lW Z[b WbkcdWZe" Z[Y_i_ÂŒd Z[ bei fhe\[ieh[i o Wfeoe Z[b 7bYWbZ[ Z[b =eX_[hde 7kjÂŒdece :[iY[d# jhWb_pWZe Ckd_Y_fWb Z[ JkbY|d =7:#CJ $ Æ@_d]`_d] i_cXeb_pW bW \[b_Y_# ZWZ o bW [Yebe]‡WÇ" [nfb_YÂŒ @kb_e Ceh_bbe" kde Z[ bei cej_lWZeh[i Wb fheo[Yje gk[ bei l_Y[dj_dei
Z[dec_dWhed Ăˆ9^_d_je B_cf_eÉ$ 7i‡" bW cWiYejW gk[ dWY_ÂŒ [d bei @k[]ei Eb‡cf_Yei Z[ F[a‡d (&&. Yece kd fWdZW d[]he _dif_hW o cej_lW W [ijW Yeckd_# ZWZ W h[Y_YbWh$ FWhW Yecfb[c[djWh [ij[ fheY[ie" @kb_e HeXb[i" WbYWbZ[ Z[ JkbY|d WYkZ_ÂŒ bW cW‹WdW Z[b `k[l[i Yed '&& [YejWY^ei +& l[hZ[i o +& d[]hei Yed bW \_dWb_ZWZ Z[ h[ifWbZWh bW YWcfW‹W gk[ XkiYW c[`ehWh [b c[Z_e WcX_[dj[ W jhWlƒi Z[b
h[Y_YbW`[ [d bW \k[dj[ eh]|d_# Yei [ _deh]|d_Yei $ ;b i_]k_[dj[ fWie i[h| bW YW# fWY_jWY_Œd Z[ bei [ijkZ_Wdj[i" bW c_icW gk[ [ijWh| W YWh]e Z[ bW =[ij_Œd Z[ 7cX_[dj[ o H_[i# ]ei$ ;d [\[Yje" CWkh_Y_e ?iWY|i" Z_h[Yjeh ckd_Y_fWb i[‹WbŒ gk[ i[ ^Wd [djh[]WZe [YejWY^ei [d lWh_Wi [dj_ZWZ[i o" Z[ WYk[hZe W kd Yhede]hWcW oW [ijWXb[Y_Ze" i[ [cf[pWh| Yed bW h[Yeb[YY_Œd i[b[Yj_lW$ Bei '&& XWikh[hei [YebŒ]_Yei
[djh[]WZei Wb Yeb[]_e L_Y[dj[ <_[hhe \ehcWd fWhj[ Z[ kdW YWc# fW‹W gk[ [dbWpW W jeZWi bWi [dj_# ZWZ[i [ZkYWj_lWi Z[b YWdjŒd fWhW ][d[hWh YedY_[dY_W [d [b Yk_ZWZe Z[b c[Z_e WcX_[dj[$ 7i‡" i[ Ykcfb_Œ Yed bW [djh[# ]W Z[ )& jWY^ei '+ l[hZ[i o '+ d[]hei [d bW [iYk[bW IkYh[" '/ Z[ Del_[cXh[ o @eiƒ @eWgk‡d Ebc[Ze$ ;d bei fhŒn_cei Z‡Wi" bW YWcfW‹W bb[]Wh| Wb ?dij_jkje 8eb‡lWh o IW]hWZe 9ehWpŒd Z[ @[i‘i$
ēŊ 4+(.Ŋ . +#2ĔŊ +! +"#Ŋ"#Ŋ 4+!;-ĔŊ,.,#-3.2Ŋ04#Ŋ#-31#% Ŋ+.2Ŋ 3 !'.2Ŋ/ 1 Ŋ1#!(!+ )#ē
:
Ä Äˆ
Ĺ? ĀĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚ Ä Ä€Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚ ĀĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +.
Ĺ? +. Ĺ? ÄĄ Ĺ? ÄĄ
, - (. (Ĺ‹ *,)3 .)Ĺ‹ )&š!# ) : ĹŠÄ› BW Z_h[YY_ÂŒd Z[ i_ij[#
cWi Z[b =eX_[hde Fhel_dY_Wb Z[ 9WhY^_ =F9" fh[i[djÂŒ kd fheo[Yje Yed [d\egk[ [YebÂŒ# ]_Ye Z[dec_dWZe Æh[Y_YbW" Wfh[dZ[ o Yedijhko[ kd dk[# le fbWd[jWÇ$ NWl_[h DWhl|[p \kdY_edW# h_e Z[ bW [dj_ZWZ \k[ gk_[d [nfkie bW fhefk[ijW gk[ i[ Y[djhW [d [b Yk_ZWZe Z[b c[# Z_e WcX_[dj[ W jhWlƒi Z[b h[# Y_YbW`[ Z[ YecfkjWZehWi" WZ[# c|i WdkdY_ÂŒ gk[ i[ bb[lWh|d YWfWY_jWY_ed[i WY[hYW Z[ [ij[ j[cW [d bW 9WiW Z[ bW @kl[d# jkZ Z[b =F9 bei Z‡Wi c_ƒhYe# b[i W bWi '+0&&$ Â&#x; ēŊ .2ĹŠ'().2ĹŠ"#ĹŠ/ "1#2ĹŠ04#ĹŠ31 ) -ĹŠ#-ĹŠ#-3(" "#2ĹŠ/ĂŒ +(! 2ĹŠ-.ĹŠ/4#"#-ĹŠ 2(23(1ĹŠ ĹŠ+.2ĹŠ!#-31.2ĹŠ"#ĹŠ"#2 11.++.ĹŠ(-$ -3(+Ä“
(.,)-ŋ#( (.#& -ŋ .# ( (ŋ ŋ& ŋ*) & #š(ŋ0/&( , & 4#1.-Ŋ!1# ".2Ŋ/ 1 Ŋ 3#-"#1Ŋ Ŋ-( .2ĔŊ -( 2Ŋ04#Ŋ5(5#-Ŋ #-Ŋ+ Ŋ/. 1#9 Ŋ8Ŋ #731#, Ŋ/. 1#9 ē
: Ŋě Bei d_‹ei o d_‹Wi c[de#
h[i Z[ jh[i W‹ei o Ykoei fWZh[i jhWXW`Wd [d [dj_ZWZ[i f‘Xb_YWi de fk[Z[d Wi_ij_h W bei Y[djhei Z[ Z[iWhhebbe _d\Wdj_b gk[ [ij|d W YWh]e Z[ bW :_h[YY_Œd Z[b C_# d_ij[h_e Z[ ?dYbki_Œd ;YedŒc_#
C_h_Wd 9WX[pWi cWd_\[ijÂŒ j[i gk[ ied fWhj[ Z[ bW feXbWY_ÂŒd YW o IeY_Wb C?;I" Wi‡ be [nfb_YÂŒ gk[ i‡ i[ [ijWXW Wj[d# lkbd[hWXb[ [i Z[b C?;I W C_h_Wc 9WX[pWi Z_h[YjehW Z[ bW [dj_ZWZ [d bW fhel_d# Z_[dZe W d_‹ei Z[ d_l[b dWY_edWb$ ejhei i[Yjeh[i Z[ bW ĹŠ BW Wj[dY_ÂŒd W bei d_# Y_W$ Bk_i ?‹_]k[p jhWXW`WZeh feXbWY_ÂŒd f[he [ie ‹ei XW`e bWi ceZWb_ZW# fheleYWXW gk[ _d# .2ĹŠ-( .2ĹŠ"#ĹŠ ckd_Y_fWb _dZ_YÂŒ gk[ ik Z[i Z[ 9h[Y_[dZe Yed ĹŠ ^_`e Z[ jh[i W‹ei oW de fe# Dk[ijhei >_`ei o bei \Wdj[i gk[ l_l[d [d ' 23 ĹŠ31#2ĹŠ  .2ĹŠ "#ĹŠ04(-3(+#2ĹŠ4-.ĹŠ [njh[cW feXh[pW de Y[djhei Z[ Z[iWhhebbe Zh| Wi_ij_h Wb Y[djhe Ied# ĹŠĹŠ"#ĹŠ"#2 11.++.ĹŠ 8ĹŠ".2ĹŠ/. 1#9 ĹŠ8ĹŠ (-$ -3(+ĹŠ' 8ĹŠ#-ĹŠ 1#Äą _d\Wdj_b jWcX_ƒd YWc# 1!'(Ä“ fk[ZWd WYY[Z[h W bW #731#, ĹŠ/. h_iWi o JhWl[ikhWi ZedZ[ 9 ĔŊŊ/4#"#-ĹŠ [ZkYWY_ÂŒd o ied bei 2(23(1ĹŠ ĹŠ!#-31.2ĹŠ X_e W^ehW Z[X[d WYe][h fWiÂŒ bei ‘bj_cei Zei W‹ei" "#ĹŠ"#2 11.++.ĹŠ bW hWpÂŒd i[]‘d b[ [nfb_YW# ĹŠ ]hkfei lkbd[hWXb[i (-$ -3(+ĹŠ04#ĹŠ$4-Äą W d_‹ei Z[ & W ) W‹ei" Â&#x; !(.- -ĹŠ"#ŊćđĖććŊ bei gk[ j_[d[ fh_eh_# o de Yece i[ h[Wb_pWXW hed [i fehgk[ bei Zei fW# ĹŠĹŠ2.-ĹŠ 3#-"(".2ĹŠ ĹŠÄˆÄ?ĖććŊ'.1 2Ä“ Wdj[i ^WijW bei + W‹ei$ Zh[i Z[b c[deh j_[d[d kd "( 1( ,#-3#Ä“ ZWZ$ BW hWpÂŒd i[]‘d bW \kd# jhWXW`e o fk[Z[d Yeij[Wh Bei Ykfei [d bei bW [ZkYWY_ÂŒd Z[ ik ^_`e" [b Y[djhei Z[ Z[iWhhe# Y_edWh_W [i fehgk[ bW ^ecXh[ Z_`e gk[ j_[d[ kd jhWXW`e bbe _d\Wdj_b ied b_c_jWZei" bW Z_i# [ZkYWY_ÂŒd Z[ bei _d\Wdj[i [c# f[he de [i [ijWXb[$ fei_Y_ÂŒd Z[ Wj[dZ[h W bei _d\Wd# f_[pW W bei jh[i W‹ei$
Ä?ÄŒ
ÄŽĹŠÄ’ÄŒÄ‡
( Ĺ‹ Z Ĺ‹ Ĺ‹ *)3)Ĺ‹ Ĺ‹& Ĺ‹$/0 (./ : ĹŠÄ› @ÂŒl[d[i gk[ ^WY[d fWh#
j[ Z[ bW 9WiW Z[ bW @kl[djkZ ;c# fh[dZ[ZehW Z[b 9WhY^_ o Wkjeh_# ZWZ[i Z[ bW fhel_dY_W Y[b[XhWhed kdW ZƒYWZW Z[ \kdZWZW bW [dj_# ZWZ$ FeXbWZeh[i Z[ bW fhel_dY_W i[ h[kd_[hed [d [b j[Wjhe Z[ bW [dj_# ZWZ fWhW bWi Y[b[XhWY_ed[i" M_b# c[h Hk_p Z_h[Yjeh Z[ bW [dj_ZWZ" Z_e _d_Y_e W bW h[kd_ÂŒd Yed bW \hWi[ ÆFehgk[ Wgk‡ [d [b 9WhY^_ [cf_[pW [b eh]kbbeÇ$ =hkfei gk[ i[ \ehcWhed [d bW 9WiW Z[ bW @kl[djkZ fWhj_Y_fWhed [d [b WYje [d ZedZ[ i[ Z[l[bÂŒ [b YkWZhe Z[ H[dƒ OWdZ‘d fh[\[Y# je Z[ bW fhel_dY_W o Yh[WZeh Z[ bW
_dij_jkY_ÂŒd$ >WY[ '& W‹ei bW _Z[W Z[ Yh[Wh kd [ifWY_e ZedZ[ bei d_‹ei" d_# ‹Wi" `ÂŒl[d[i o WZeb[iY[dj[i i[ _dj[]h[d" Wfh[dZWd o fed]Wd Z[ cWd_Ă’[ije ik Yh[Wj_l_ZWZ ^_pe gk[ [ij[ fheo[Yje i[ ^W]W h[Wb_# ZWZ$ CWh‡W H[l[be ][ijehW YkbjkhWb o XW_bWh_dW Wi_ij_ÂŒ Wb [l[dje o [be# ]_ÂŒ bW _d_Y_Wj_lW gk[ i[ fheo[YjW [d bW 9WiW Z[ bW @kl[djkZ$ OWdZ‘d [d ik Z_iYkhie W]hWZ[# Y_ÂŒ W bei feXbWZeh[i Z[ bW fhe# l_dY_W feh ^WY[h gk[ ik ik[‹e i[ ^W]W h[Wb_ZWZ ÆBW d_‹[p o `k# l[djkZ [i [b \k[]e WhZ_[dj[ Z[ c_ FWjh_WÇ Z_`e [b fh[\[Yje$
, $)-ŋ (ŋ& ŋ0v ŋ /'# " ŋ /& 6( Ŋ ě ;b cWb j_[cfe
Z_Ă’YkbjW bei jhWXW`ei [d bW l‡W gk[ Z[ Hkc_Y^WYW YedZkY[ W JkbY|d$ :khWdj[ [b Ă’d Z[ i[cWdW jhWXW`WZeh[i Z[ bW :_h[YY_ÂŒd Z[ EXhWi F‘Xb_YWi h[Wb_pWhed jhWXW`ei [d pedW Z[b Y[djhe dWY_edWb Z[ \hedj[hW" bei l[#
)'* ˜v Ĺ‹ )(Ĺ‹(/ 0)-Ĺ‹ #, .#0) : ĹŠ Ä› ?dj[]hWdj[i Z[ bW
YecfW‹‡W Z[ jhWdifehj[ f[iWZe JkbY|d ;nfh[ii" [b_]_[hed bW dk[lW Z_h[Yj_# lW Z[ bW [dj_ZWZ Z[b jhWdi# fehj[$ :khWdj[ Zei W‹ei bei dk[lei Z_h[Yj_lei i[ [d# YWh]Wh|d Z[ bW Z_h[YY_ÂŒd Z[ Æ;NFH;JKB9Ă›DÇ ie# Y_[ZWZ WdÂŒd_cW" bW c_icW gk[ [ijWh| Z_h_]_ZW feh 7d‡XWb OWp|d Yece fh[i_# Z[dj[ o <WX_|d HeZh‡]k[p Yece ][h[dj[ ][d[hWb$ Bei dk[lei Z_h[Yj_lei Wikc_h|d lWh_ei YWh]ei Z[djhe Z[ bW _dij_jkY_ÂŒd gk[ [ij| `kh‡Z_YWc[dj[ Yedij_jk_ZW$ ^‡Ykbei jecWhed [b kd YWhh_b Z[ bW FWdWc[h_YWdW ^WijW bb[]Wh Wb i[Yjeh Z[b 8Whh_Wb$ I[ fh[lƒ gk[ [d [ijei Z‡Wi i[ ^WX_b_j[ bW l‡W Z[ Zei YWhh_b[i gk[ [i kj_b_pWZW fWhW YkWdZe bei l[# ^‡Ykbei _d]h[iWd W JkbY|d$ Bei jhWXW`ei [cf[pWhed [b c[i Wdj[h_eh" i[ WZ[YkÂŒ bWi Ykd[jWi o i[ Whh[]bÂŒ [b Wi\Wbje" bei fheXb[cWi Yed bWi Yedi# jWdj[i bbkl_Wi Z_\_YkbjWhed bei jhWXW`ei$ FWhW [l_jWh gk[ bei YedZkYje# h[i jec[d bW l‡W gk[ i[ [ij| Whh[# ]bWdZe i[ Z_ifkie i[‹Wb_pWY_ÂŒd gk[ WZl_[hj[ Z[ bei jhWXW`ei gk[ i[ [ij|d h[Wb_pWdZe$ ;d [b i[Yjeh Z[ Hkc_Y^WYW bei jhWXW`ei [cf[pWhed [b Ă’d Z[ i[cWdW$
Ĺ? Ĺ?
Ĺ?
Ä Ä‰
Ĺ?Ĺ?
ĀĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚ ĀĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
Ĺ? +. Ĺ? ÄĄ
.,#- )#ĹŠ ĹŠ 4+(.ĹŠ -"1 "#ĹŠ
.+~5 1ēŊ +ĹŠ,4-(!(/(.ĹŠ"#+ĹŠ! -3¢-ĹŠ .+~5 1ĔŊ!.-ĹŠ,.3(5.ĹŠ"#ĹŠ!#+# 1 1ĹŠ+.2ĹŠ!(#-ĹŠ  .2ĹŠ"#ĹŠ+ ĹŠ,4#13#ĹŠ"#+ĹŠ%#-#1 +ĹŠ 4+(.ĹŠ -"1 "#ĔŊ(+4231#ĹŠ/#12.- )#ĹŠ"#+ĹŠ! -3¢-ĔŊ(-5(3 ĹŠ +ĹŠ/1(Äą ,#1ĹŠ$.1.ĹŠ/ 31(,.-( +ĹŠ .+(5 1#-2#ĹŠ ĹŠ1# +(9 12#ĹŠ'.8ĹŠ ĹŠ+ 2ĹŠÄˆÄ‡Ä–Ä‡Ä‡Ä“ĹŠ +ĹŠ#5#-3.ĹŠ2#ĹŠ"#2 11.++¢Ŋ#-ĹŠ#+ĹŠ2 +¢-ĹŠ,;7(,.ĹŠ%#-#1 +ĹŠÄĄ 4, #13.ĹŠ 231.ĢŊ"#ĹŠ+ ĹŠ,4-(!(/ +(" "ēŊ +ĹŠ. )#3(5.ĹŠ"#+ĹŠ#5#-3.ĹŠ#2ĹŠ1#2! 3 1ĹŠ#+ĹŠ/ 31(,.-(.ĹŠ!4+341 +ĔŊ'(23¢1(!.ĔŊ!(#-3~ă!.ĹŠ"#+ĹŠ! -3¢-ĹŠ04#ĹŠ/1.,4#5#ĹŠ#+ĹŠ(-3#1_2ĹŠ2.!( +ĹŠ"#ĹŠ+ ĹŠ!(4" " -~ ĹŠ .+(5 1#-2#ĔŊ 43.1(" "#2ĹŠ %4 #1- ,#-3 +#2ĹŠ8ĹŠ-.ĹŠ%4 #1- ,#-3 +#2ēŊ .,.ĹŠ#7/.2(3.1#2ĹŠ#23 1;-Ä–ĹŠ #!(+( ĹŠ +!¢-ĹŠ (2-(#3 ĹŠ"#+ĹŠ%#-#1 +Ä—ĹŠ +.ĹŠ .1 ĔŊ .1%#ĹŠ ĂŒÂ #9ĹŠ8ĹŠ 2! 1ĹŠ #- 5("#2ēŊ
/(# #*#)-Ĺ‹ &Ĺ‹ , "#Ĺ‹ ,.# /& (Ĺ‹&)-Ĺ‹*,) -) ĹŠĹŠÄ› Bei =eX_[hdei 7kjÂŒ# decei :[iY[djhWb_pWZei Z[ bW fhel_dY_W Z[ 9WhY^_ =7:i Z[# iWhhebbWd h[kd_ed[i f[h_ÂŒZ_YWi Yed [b fhefÂŒi_je Z[ Whj_YkbWh [b fheY[ie Z[ bW fbWd_Ă’YWY_ÂŒd$ I[]‘d [b WbYWbZ[ Z[b YWdjÂŒd C_hW" <Wkije Hk_p" kdW Z[ bWi Yecf[j[dY_Wi [nYbki_lWi Z[b ckd_Y_f_e [i fbWd_Ă’YWh" `kdje Yed ejhWi _dij_jkY_ed[i Z[b i[Y# jeh f‘Xb_Ye o WYjeh[i Z[ bW ie# Y_[ZWZ" Wb Z[iWhhebbe YWdjedWb o \ehckbWh bei Yehh[ifedZ_[dj[i fbWd[i" Z[ cWd[hW Whj_YkbWZW Yed bW fbWd_Ă’YWY_ÂŒd dWY_edWb" h[]_edWb" fhel_dY_Wb o fWhhe# gk_Wb$ FWhW [b :_h[Yjeh [dYWh]WZe Z[ FbWd_Ă’YWY_ÂŒd Z[b eh]Wd_i# ce i[YY_edWb c_h[‹e" @e^ddo =Whh_Ze" kdW c[jeZebe]‡W kd_\ehc[ ]WhWdj_pW gk[ [b fhe# Y[ie [ijƒ Z[ WYk[hZe W be gk[ i[ [dYk[djhW [ij_fkbWZe [d bW 9edij_jkY_ÂŒd Feb‡j_YW Z[b ;i# jWZe o Wb 9ÂŒZ_]e Eh]|d_Ye Z[ EhZ[dWc_[dje J[hh_jeh_Wb" 7k# jedec‡W o :[iY[djhWb_pWY_ÂŒd 9EEJ7: $ ;b 9eehZ_dWZeh Z[ bW CWd#
Yeckd_ZWZ CWhY[be =ÂŒc[p i[ ceijhÂŒ fWhj_ZWh_e Z[ bW fhefk[ijW Z[ fbWd_\_YWY_ÂŒd gk[ _cfkbiWd bei =7:i beYW# b[i$ ;d [ijW eYWi_ÂŒd" f[hc_# j_h| fh_eh_pWh bei fheo[Yjei h[]_edWb[i" YWdjedWb[i o fW# hhegk_Wb[i$ ;b :_h[Yjeh Z[ fbWd_Ă’YWY_ÂŒd [nfb_YÂŒ gk[ Z[ bW fh_c[hW \Wi[ Z[ bW fbWd_Ă’YWY_ÂŒd YWdjedWb oW i[ j_[d[ _Z[dj_Ă’YWZe Wb]kdei fheo[Yjei [d bei YkWb[i i[ Z[X[ jhWXW`Wh [d \ehcW YeehZ_dWZW [djh[ bei =7:i Z[ [ijW `kh_i# Z_YY_ÂŒd$ I[]‘d [b \kdY_edWh_e" YWZW _dijWdY_W Z[ bW WZc_d_ijhW# Y_ÂŒd f‘Xb_YW" Z[ WYk[hZe W iki Yecf[j[dY_Wi" Wikc_h|d WY# Y_ed[i fWhW bW [`[YkY_ÂŒd Z[ bei fheo[Yjei fh_eh_pWZei feh bei WYjeh[i ieY_Wb[i gk[ [d \ehcW WYj_lW fWhj_Y_fWd [d [b fheY[ie Z[ fbWd_Ă’YWY_ÂŒd$ ;d [ij[ fheY[ie j_[d[d [b Wi[iehWc_[dje Z[ bW 7ieY_W# Y_ÂŒd Z[ Ckd_Y_fWb_ZWZ[i Z[b ;YkWZeh o [b Fhe]hWcW Z[ <eh# jWb[Y_c_[dje Ckd_Y_fWb FHE# CKD?$
ēŊ .2ĹŠ#04(/.2ĹŠ"#ĹŠ/+ -(ă! !(¢-ĹŠ"#ĹŠ! " ĹŠ ĹŠ#-ĹŠ+ ĹŠ1#4-(¢-ĹŠ04#ĹŠ2#ĹŠ++#5¢Ŋ ĹŠ! .ĹŠ#-ĹŠ+ ĹŠ!(4" "ĹŠ"#ĹŠ (1 Ä“
. ,v -Ĺ‹ (Ĺ‹' &Ĺ‹ -. ) ĹŠ: ĹŠĹŠÄ› ;d [b Xbegk[ Z[b ?di# j_jkje 7b\edie >[hh[hW" kX_YW# Ze [d [b i[Yjeh Z[ Gk[XhWZW EiYkhW Z[b YWdjÂŒd ;if[`e" bWi XWj[h‡Wi iWd_jWh_Wi de \kdY_e# dWd$ Feh [ijW hWpÂŒd" 7hcWdZe C[d[i[i" leYWb Z[b 9ec_jƒ 9[djhWb Z[ FWZh[i Z[ <Wc_b_W" YedleYÂŒ W kdW h[kd_ÂŒd Yed
#˜ 4Ĺ‹3Ĺ‹$/0 (./ Ĺ‹ ., $ (Ĺ‹ (Ĺ‹ -* $)Ĺ‹ #ĹŠ!.-$.1,¢Ŋ#+ĹŠ , -" 3.ĹŠ/ 1 ĹŠ /1(.1(9 1ĹŠ-#!#2(Äą " "#2ĹŠ04#ĹŠ#7(23#ĹŠ #-ĹŠ#+ĹŠ! -3¢-Ä“ Bei d_‹ei" d_‹Wi o WZeb[iY[dj[i gk[ Yed\ehcWd [b 9edi[`e 9edikbj_le o bei fh[i_# Z[dj[i o fh[i_Z[djWi Z[ bei ]e# X_[hdei [ijkZ_Wdj_b[i Z[b YWdjÂŒd ;if[`e" [\[YjkWhed kdW h[kd_ÂŒd Z[ jhWXW`e$ ;b eX`[j_le \k[ gk[ bei d_‹ei" d_‹Wi o WZeb[iY[dj[i Z[d Ykc# fb_c_[dje Wb Z[h[Y^e W bW fWhj_# Y_fWY_ÂŒd$ 7i‡" [b l_[hd[i ) Z[ \[Xh[he Z[b (&'(" i[ fheY[Z_ÂŒ W h[Wb_pWh [b CWdZWje de i_d Wdj[i ieY_Wb_pWh bW h[ifediWX_b_ZWZ gk[ j_[d[ [b 9edY[`e 9WdjedWb k ejhei eh]W# d_icei gk[ Z[i[[d WYecfW‹Wh W bei 9edi[`ei 9edikbj_lei [d bW [bWXehWY_ÂŒd Z[b c_ice$ FWhW Wgk[bbe" i[ _dl_jÂŒ W bei fh[i_Z[dj[i o fh[i_Z[djWi Z[ bei ]eX_[hdei [ijkZ_Wdj_b[i Z[ bWi _dij_jkY_ed[i [ZkYWj_lWi Z[b YWdjÂŒd ;if[`e$ KdW l[p gk[ i[ ieY_Wb_pÂŒ" bW h[ifediWX_b_ZWZ Z[b 9edi[`e 9edikbj_le \k[ bb[lWh WZ[bWd# j[ [b cWdZWje [d [b gk[ lWoWd fbWicWZWi bWi d[Y[i_ZWZ[i" ef_d_ed[i" Yh_j[h_ei" [if[hWdpWi o Wd^[bei Z[ bei d_‹ei" d_‹Wi o
1.!#2.Ŋ"#Ŋ#+ .1 !(¢-Ŋ ŗŊŊ +Ŋ(-$.1,#Ŋ"#+Ŋ/1.!#2.Ŋ"#Ŋ#+ .1 !(¢-Ŋ"#+Ŋ, -" 3.Ŋ#23;Ŋ'#!'.Ŋ/.1Ŋ#+Ŋ .-2#).Ŋ .-24+3(5.Ŋ8Ŋ#+Ŋ !.,/  ,(#-3.Ŋ"#+Ŋ .-!#).Ŋ -3.- +Ŋ"#Ŋ+ Ŋ ( #9Ŋ8Ŋ ".+#2!#-Ĺ
!( ĹŠ8ĹŠ+ ĹŠ 4-" !(¢-ĹŠ 84" ĹŠ#-ĹŠ !!(¢-ēŊ .1ĹŠ+.ĹŠ04#ĹŠ#+ĹŠ .-!#).ĹŠ -3.- +ĹŠ ĹŠ31 5_2ĹŠ"#ĹŠ24ĹŠ #!1#3 1~ ĹŠ 24,#ĹŠ+ ĹŠ1#2/.-2 (Äą +(" "ĹŠ"#ĹŠ++#5 1ĹŠ "#+ -3#ĹŠ#+ĹŠ/1.!#2.ĹŠ"#ĹŠ !.,/  ,(#-3.ĹŠ +ĹŠ .-2#).ĹŠ .-24+3(5.ĹŠ8ĹŠ %. (#1-.2ĹŠ#234"( -3(+#2ĹŠ#-ĹŠ+ ĹŠ#+ .1 !(¢-ĹŠ"#+ĹŠ, -" 3.ĹŠ  .ĹŠÄ‰Ä‡ÄˆÄ‰Ä“
ĹŠ : ĹŠ Ä›
ēŊ +Ŋ .-!#).Ŋ -3.- +Ŋ"#Ŋ+ Ŋ ( #9Ŋ8Ŋ ".+#2!#-!( ŊŊ8Ŋ+ Ŋ 4-" !(¢-Ŋ 84" Ŋ#-Ŋ !!(¢-Ŋ#+ .1 -Ŋ#+Ŋ, -" 3.ēŊ
WZeb[iY[dj[i feh c[`ehWh ik YWd# jÂŒd$ I[ [\[YjkÂŒ bW [nfei_Y_ÂŒd Z[ bWi _Z[Wi feh ]hkfei Z[ jhWXW`e bk[]e Z[ be YkWb i[ fh_eh_pWhed bWi _Z[Wi c|i fh_dY_fWb[i o kh][dj[i$ #2 11.++.ĹŠ"#+ĹŠ, -" 3.
;b cWdZWje" i[ h[Wb_pŒ [d \eh# cW Z[ceYh|j_YW o jecWdZe [d Yk[djW bW fWhj_Y_fWY_Œd Z[ jeZei bei d_‹ei" d_‹Wi o WZeb[iY[dj[i$ KdW l[p gk[ i[ h[Ye]_[hed jeZei bei Yh_j[h_ei Z[ bei d_‹ei" d_‹Wi o WZeb[iY[dj[i" fheY[Z[h|d W
h[Wb_pWh bW [djh[]W Z[b _d\ehc[ [d i[i_ÂŒd Z[ 9edi[`e Wb 7bYWbZ[ AbƒX[h 7dZhWZ[ o c_[cXhei Z[ bW Y|cWhW [Z_b_Y_W$ ;b cWdZWje i[ Z[dec_dW ÆBe gk[ gk_[he fWhW c_ gk[h_Ze YWd# jÂŒdÇ$ :Wd_[bW Ck‹ep" fh[i_Z[djW Z[ [ij[ eh]Wd_ice" [djh[]ÂŒ [d cWdei Z[ bW l_Y[ WbYWbZ[iW BWkhW CWĂ“W o bei YedY[`Wb[i" [b fhÂŒn_# ce / Z[ \[Xh[he" i[]‘d cWd_\[i# jÂŒ =[hcWd_W <beh[i" I[Yh[jWh_W [`[Ykj_lW Z[b 9edY[`e 9WdjedWb Z[ bW D_‹[p o 7Zeb[iY[dY_W Z[ ;if[`e$
bWi Wkjeh_ZWZ[i Z[b fbWdj[b o Z[b[]WZei Z[ [ZkYWY_ÂŒd o iWbkZ W Ă’d Z[ jecWh bei Ye# hh[Yj_lei d[Y[iWh_ei$ I[]‘d C[d[i[i ied '( XWj[h‡Wi gk[ YebWfiWhed$ >WY[ W‹ei" i[ h[]_ijhW [ij[ j_fe Z[ _dYedl[d_[dj[i$ ;d [ij[ Xbegk[ [ijkZ_Wd Wfhen_cWZW# c[dj[ (&& [ijkZ_Wdj[i$
ēŊ +Ŋ -23(343.Ŋĥ +$.-2.Ŋ #11#1 ĢŊ1#04(#1#Ŋ 3#-!(¢-Ŋ/ 1 Ŋ+ 2Ŋ 3Ĺ #1~ 2Ŋ2 -(3 1( 2ēŊ 2/#1 -Ŋ#-!.-31 1Ŋ4- Ŋ2.+4!(¢-ēŊ
ēŊ .2ĹŠ-( .2ĔŊ-( 2ĹŠ8ĹŠ ".+#2!#-3#2ĹŠ31 ) -ĹŠ#-ĹŠ+ ĹŠ ĂŒ204#" ĹŠ"#ĹŠ!.-2#%4(1ĹŠ4-ĹŠ! -3¢-ĹŠ,#).1ēŊ #ĹŠ1#!.%(#1.-ĹŠ+ 2ĹŠ -#!#2(" "#2ĹŠ"#+ĹŠ2#!3.1ĹŠ/ 1 ĹŠ#-!.-31 1ĹŠ2.+4!(.-#2ĹŠ8ĹŠ,#! -(2,.2ĹŠ"#ĹŠ 84" ēŊ
(. (-#ðŋ (ŋ&/ " ŋ )(., ŋ & ŋ0 (. ŋ ŋ ,)! ŋ (ŋ /& 6(
ĹŠ .+(!~ ĹŠ -3(- 1!¢3(!.2ĹŠ-.ĹŠ" ĹŠ31#%4 ĹŠ ĹŠ+.2ĹŠ#7/#-"#".1#2ēŊ ĹŠ+~-# ĹŠÄˆÄ‘Ä‡Ä‡ĹŠ "1.% 2ĹŠ" ĹŠ1#24+3 ".2ĹŠ/.2(3(5.2Ä“ : ĹŠ ěŊ ;b [nf[dZ_e Z[ cWh_# ^kWdW o YeYW [d bWi YWbb[i" [if[# Y_Wbc[dj[ W bei [ijkZ_Wdj[i" [i kd i[Yh[je W leY[i [d bW YWf_jWb YWhY^[di[$ BW Feb_Y‡W DWY_edWb gk_[h[ [l_jWh W jeZW YeijW gk[ [b cWb i[ fhefW]k[ o feh [ie jhWXW`W [d [b Z[icWdj[bWc_[dje Z[ XWdZWi gk[ Yedi_]k[d Z_d[he W Yeij_bbW Z[ bei `ÂŒl[d[i$ ;b =eX_[hde DWY_edWb" W jhW# lƒi Z[b C_d_ij[h_e Z[ ?dj[h_eh"
fedZh| [d cWhY^W [d bei fhÂŒn_# cei Z‡Wi" kd i_ij[cW Z[ h[Yec# f[diWi fWhW bei c|i XkiYWZei" [ije [i fWhW bei dWhYejhWĂ’ YWdj[i o c_YhejhWĂ’ YWdj[i" jWb Yece i[ be ^WY[ Yed bei Z[b_dYk[dj[i c|i Wl[pWZei Z[b fW‡i$ Bei [ij‡ckbei [YedÂŒc_Yei _h|d Z[ Y_dYe W (& c_b ZÂŒbWh[i$ BW [djh[]W Z[b Z_d[he Z[f[dZ[h| Z[ bW _cfehjWdY_W Z[b YWie$ ;b `[\[ Z[ bW Feb_Y‡W 7dj_dWh# YÂŒj_Yei [d 9WhY^_" :Whm_d Fƒh[p"
[if[hW gk[ [b fbWd \kdY_ed[ o Z[ h[ikbjWZei Yece [d ejhWi fhe# l_dY_Wi Z[b fW‡i ZedZ[ ^Wd i_Ze YWfjkhWZei lWh_ei Wdj_ieY_Wb[i$ ;b c[YWd_ice i[h| _]kWb Wb Z[ bei c|i XkiYWZei" [i Z[Y_h gk[ i[ WhcWh| kd YkWZhe Z[ bWi f[hie# dWi _dlebkYhWZWi [d bW YecfhW o l[djW i[ ikijWdY_Wi [ijkf[\WY_[d# j[i oW i[W W ]hWd e c[deh [iYWbW$ ;d bW Z[f[dZ[dY_W feb_Y_Wb i[ [ijkZ_Wd bei Wdj[Y[Z[dj[i Z[ Wb# ]kdei Y_kZWZWdei gk[ [ijWh‡Wd _dc[hiei [d [b jh|Ò Ye o c_Yhe# jh|Ò Ye Z[ Zhe]Wi$ BW Feb_Y‡W h[Y[fjW Z[dkdY_Wi W bW b‡d[W '.&& Zhe]Wi$ I[ ]kWh# ZWh| WXiebkjW h[i[hlW Z[ bWi f[h# iedWi gk[ i[ Yeckd_gk[d$
;b jhWXW`e i[ [d\eYWh| fh_dY_# fWbc[dj[ [d [b c_Yhejh|Ă’ Ye$ ;b Ă’ d [i h[ZkY_h bW l[djW o Yedik# ce Z[ Zhe]W" [if[Y_Wbc[dj[ [d bei Yeb[]_ei Z[ bW khX[$ Bei Y_kZWZWdei [ij|d Z[ WYk[hZe Yed bW fhefk[ijW fehgk[ WokZWh| W gk[ bei `ÂŒl[d[i de _d# ]h[i[d Wb ckdZe Z[ bWi Zhe]Wi$ @eh][" jWn_ijW" Z_`e gk[ bW ][d# j[ Z[X[ YebWXehWh Yed bW Feb_Y‡W fWhW fed[h jhWi bWi h[`Wi W [n# f[dZ[Zeh[i _d[iYhkfkbeiei gk[ ^WY[d ZW‹e W bW `kl[djkZ$ 9Whc[d" WcW Z[ YWiW" [nfh[iÂŒ gk[ W gk_[d[i l[dZ[d Zhe]W i[ b[i Z[X[ Wfb_YWh bW c|n_cW f[dW fehgk[ cWjWd ckY^Wi l[Y[i bei ik[‹ei Z[ bei `ÂŒl[d[i$
ĹŠ ĹŠ ĹŠ
1, !( 2ĹŠ "#ĹŠ341-.
ĹŠ Ţ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ ÂŹ Ĺ´ Ĺ´ Ĺ´ ÂŹ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ ÄŹ Ĺ´ Ĺ´ ÄÄ&#x;Ĺ´ ÂŹ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ ˆ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´
Ĺ´ Ĺ´ Ĺ´ ÄĄ ŢŴ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ i ŢŴ Ĺ´ Ĺ´ Ĺ´ Äž ŢŴ i Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ ÂŹ Ĺ´ Ĺƒ Ĺ´ Ĺ´ ńŴ ÄĄĹ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ă– Ĺ´
Ĺ´Ĺƒ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ ńĞ Ţ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ă– Ĺ´ Ĺ´Ĺƒ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ i ńĞ Ţ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Äž ŢŴŴ Ĺ´ Ĺ´ Ĺ´
Äž ŢŴ ÂŹ Ĺ´ Ä&#x;Ĺ´ Ĺ´ Ĺ´
Ä&#x;Ĺ´ Ä&#x;Ĺ´ Ä&#x;Ĺ´ ÂŹ Ä&#x;Ĺ´ Äž ŢŴ i Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Äž Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ä&#x;Ĺ´
Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Äž ŢŴ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ ÂŹ Ĺ´ Ĺ´ Äž ŢŴ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ i Ĺ´ Ĺ´ ˆ Ĺ´ Ĺ´ Ä&#x;Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ i Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ä&#x;Ĺ´ Ĺ´ Ĺ´Ĺƒ Ä&#x;Ĺ´ Ĺ´ Ĺ´ Ĺ´ ÂŹ Ĺ´ ńĞ ŢŴ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Ĺ´ Äž ŢŴ $84/Ĺ´4/- #/Ĺ´Ĺ´#$Ĺ´ /,$4‰.Ĺ´Ĺ´ )#2/" 2!52/3Äž
ĀĆĹ?Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚ ĀĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
Ä ÄŠ
* , .#0)-ŋ * , ŋ 0#. ,ŋ& ŋŋ -* /& #š( : ŊěŊ I[ Wfhen_cW bW I[#
cWdW IWdjW o Yed [bbe bW fh[fWhWY_Œd Z[b jhWZ_Y_edWb fbWje Z[ bW \Wd[iYW$ FWhW bW [bWXehWY_Œd i[ kj_# b_pWd Z_\[h[dj[i _d]h[Z_[dj[i" Yece pWcXe e pWfWbbe" Y^e# Ybe" Y^eY^e" \hƒ`eb" c[bbeYe" b[Y^[" cWd‡ o [b f[iYWZe i[Ye" [djh[ ejhei$ >Wo Yec[hY_Wdj[i gk[ i[ Wfhel[Y^Wd Z[ bW ƒfeYW fWhW [b[lWh kd_bWj[hWb o WhX_jhWh_W# c[dj[ bei fh[Y_ei Z[ bei fhe# ZkYjei gk[ i[ kj_b_pWd fWhW fh[fWhWh bW \Wd[iYW$ BW _dj[dZ[dY_W" bWi Yec_# iWh‡Wi dWY_edWb[i o bWi j[# d[dY_Wi feb‡j_YWi" [`[hY[h|d Yedjheb[i [d bWi j_[dZWi" Xe# Z[]Wi" c[hYWZei o Z[if[d# iWi" fWhW [l_jWh [b WXkie [d bei Yeijei Z[ bei Wb_c[djei$ Bei Yedjheb[i [cf[pWh|d [d [ijei Z‡Wi fWhW [l_jWh bW [if[YkbWY_Œd WdkdY_Whed bWi Wkjeh_ZWZ[i Z[ Yedjheb" gk_[d[i iWdY_edWh|d W bei Yec[hY_Wdj[i gk[ Wkc[dj[d Z[b_X[hWZWc[dj[ bei lWbeh[i [d bei fheZkYjei$ Bei ef[hWj_lei Z[ h[Wb_pW# h|d [d bei i[_i YWdjed[i Z[ bW fhel_dY_W" [ije [i [d JkbY|d" >kWYW" Cedj‘\Wh" 8eb‡lWh" ;if[`e o C_hW$
ēŊ 2Ŋ 43.1(" "#2Ŋ !.-31.+ 1;-Ŋ04#Ŋ-.Ŋ' 8 Ŋ#2/#Ĺ !4+ !(¢-Ŋ#-Ŋ+.2Ŋ/1#!(.2Ŋ"#Ŋ+.2Ŋ +(,#-3.2ē
ēŊ Ŋ, 1('4 - Ŋ#2Ŋ+.Ŋ04#Ŋ,;2Ŋ2#Ŋ5#-"#ēŊ Ŋļ'(#1 ČŊ#2Ŋ31 ~" Ŋ"#2"#Ŋ .+., ( Ŋ/ 1 Ŋ!.,#1!( +(9 1+ Ŋ#-Ŋ+ Ŋ! /(3 +Ŋ! 1!'#-2#2ē
ĹŠ ĹŠ ĹŠ ĹŠ
ƒ
ŋŋ ŋŋ ą Ąŋ
ŋŋ Ĺ‹ Ĺ‹ ŋŋ ŋą Ĺ‹ĂźÄƒÄ‚ĂžÄšÄƒÄ‚Ăž ŋŋŋ ŋŋ ĽŋÞą ĄŋŋŋŋßÞŋŋ ŋŋ Ĺ‹ Ĺ‹ Ä…Ĺ‹ Ĺ‹ĂźÄƒÄ‚Ä€ÄšĂşĂşĂźÄ„ ŋŋŋ Ä… Ýúŋŋ ŋŋ ŋŋ ŋŋ Ä… ĂźÄƒÄ‚ĂşÄšÄƒĂ˝Ä€Ä„
^ ĹŠ ĹŠ ĹŠ Ă‹
.+(!~ ĹŠ Ä’Ä‘Ä‡ÄąÄŠÄŒÄŽ ., #1.2ĹŠ ĒđćĹĉĉĒ 149ĹŠ .) ĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠÄ’Ä‘Ä‡ÄąÄˆÄ‡Ä‡ -!.ĹŠ"#ĹŠ -%1#ŊŊŊŊŊŊŊŊŊŊŊŊŊŊŊĒđćĹÄ?Ä?Ä? .2/(3 +ĹŠ Ä’Ä‘Ä‡ÄąÄŠÄˆÄ? . #1- !(¢-ĹŠ ĹŠÄ’Ä‘Ä‡ÄąÄŠÄ‡Äˆ -3#-"#-!( ĹŠ ĒđćĹÄ?ĒĈ .+(!~ ĹŠ 4"(!( +ĹŠ ŊŊŊĒđćĹÄ?ČĊ 1;-2(3.ĹŠ ŊĒđćĹĊćĊ (%1 !(¢-ĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠÄ’Ä‘ÄŽÄąÄ‘ÄˆÄ’ -3(- 1!¢3(!.2ĹŠ ĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠÄ’Ä?Ä‡ÄąÄˆÄ?ĉ
-!.ĹŠ ŊŊŊŊŊŊŊŊŊŊŊŊŊĉĒÄ?Ä‰ÄąÄŒÄˆÄˆ -!.ĹŠ"#+ĹŠ 4231.ĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠÄ‰Ä’Ä‘ÄŒÄąÄ‰Ä’Ä’ -!.ĹŠ (!'(-!' ŊŊŊŊŊŊŊŊŊŊŊŊŊŊŊŊŊĉĒđćĹĎĉĒ -!.ĹŠ"#ĹŠ 4 8 04(+ŊŊŊŊŊŊŊŊŊĉĒÄ?Ä‰ÄąÄŒÄ‡Ä‡ -!.ĹŠ (-! ŊŊŊŊŊŊŊŊŊŊŊŊŊŊŊŊŊŊŊŊŊŊŊŊŊŊĉĒđđĹĒđđ
ŏ ŏ
ŏ ŏ ŏ
ŏ
ĂĀ ĂĀ 0%!),+ 0%!),+ 0%!),+ (! 01. (! 01. (! 01. āĆŏ)%*ċ āĆŏ)%*ċ āĆŏ)%*ċ
:
ĀĆŏ ŏ ŏĂĀāĂ ĀĆŏ ŏ ŏĂĀāĂ āĉŏ ŏ ŏĂĀāĂ
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
ĉĒđČĎĎĈũıũĉďĈĉďďĈũıũĉĒĉĎĒĐĊ ĉĒđČĎĎĈũıũĉďĈĉďďĈũıũ ĉĒĉĎČĐĐ ĉĎĎĈıĎĎĉ 1($ 2
9HQGR GRV GHSDUWDPHQWRV HQ SURSLHGDG KRUL]RQWDO FHUFDQRV D XQLYHUVLGDGHV \ WRGRV ORV VHUYLFLRV S~EOLFRV (Q GR SLVR P \ HU SLVR P FRQ JDUDMH HQ HGLILFDFLyQ GH WUHV SLVRV &DOOH /XJR /D )ORUHVWD &RQRFHU SUHYLD FLWD 7HOIV QRFKH DG DL
6( 9(1'( +HUPRVD FDVD HQ HO VHFWRU GH &DQDQYDOOH FHUFD GHO FROHJLR $WD KXDOSD $PSOLR WHUUHQR \ DFDED GRV GH OXMR ,QIRUPHV DO WHOpIRQR DG DL
9(1'2 &$6$ (Q OD =RLOD *DOiUUDJD -DUGtQ GH 3D] FRQ P GH FRQV WUXFFLyQ \ iUHD WRWDO P 3UHFLR FyPRGR ,QIRUPHV DO DG DL
(1 /26 &(,%26 9HQGR KHUPRVD FDVD HVTXLQHUD VDOD FRPHGRU FRFLQD GRUPL WRULRV VXLW FRPSOHWD JDUDMHV ,QIRUPHV H PDLO ZLORDUW#KRWPDLO FRP DG DL
9(1'2 $SURYHFKH XQD )LQFD HQ 0DVFDULOOD WRGR HQ SURGXF FLyQ ,QIRUPHV
&$6$ (1 9(17$ 6H YHQGH FDVD FXDWUR GRU PLWRULRV GRV ORFDOHV FRPHU FLDOHV IUHQWH 8 &DWyOLFD ,ED UUD ,QIRUPHV
,QGHSHQGLHQWH HQ FLXGDGHOD 0XQL FLSDO GRV SODQWDV \ WHUUD]D GRU PLWRULRV SDUTXHDGHUR WHOpIRQR 86' ,QIRUPHV DG DL
7255(6 '( /$ &2/Ð1
9HQGR KHUPRVR GHSDU WDPHQWR \ ORWH HVTXLQH UR HQ HO 0D\RULVWD ,QIRU PHV HPDLO ZLORDUW#KRWPDLO FRP DG DL
(Q OD )(&20, P \ HQ HO 0D\R ULVWD P ,QIRUPHV H PDLO ZLORDUW#KRWPDLO FRP DG DL
(1 $0%848Ë 9HQGR KHUPRVR ORWH OLVWR SDUD FRQVWUXLU &HUFD D OD 3DQDPHUL FDQD XUEDQL]DGR HVTXLQHUR \ FRQ WRGRV ORV VHUYLFLRV EiVLFRV ,QIRUPHV DG DL
'( 2325781,'$' 9(1'2 +(&7É5($6 3/$1$6 $ .0 '( &27$&$&+, &21 $*8$ &202 81 62/2 &8(532 2 ',9,','2 7(/) &(/ $2
2325781,'$' (',),&,2 (1 0$17$ &LXGDG GH PD\RU SOXVYDOtD &LQFR GHSDUWDPHQWRV H[FHOHQWH XELFDFLyQ D PLQXWRV GH iUHD FRPHUFLDO \ EDQFDULD ,QIRUPHV $5 FF
'( 2325781,'$' 6H YHQGH 5HQDXOW &/,2 NP $xR ,QIRUPHV DO DW PU
9(1'2 &+(952/(7 (J[P]V :LKHU Ha\S VJtHUV TVKLSV RT HYVZ ` SSHU[HZ U\L]VZ ØUPJV K\L|V 0UMVYTLZ! HK HP
9(1'2 92/48(7$ 0DUFD ,QWHUQDFLRQDO ,Q IRUPHV D ORV WHOpIRQRV
5(67$85$17( ´(/ &$//(-Ð1µ
(+ (6
(U\UJPH H Z\ KPZ[PUN\PKH JSPLU[LSH X\L ZL LUJVU [YHYm HIPLY[V [VKVZ SVZ KVTPUNVZ 3LZ LZWLYHTVZ Q\U[V H 7VSSVZ .\Z ;LStMVUV!
8QD SHUVRQD SDUD WUDEDMDU HQ SL]]HUtD GH D KRUDV \ RWUD SHUVRQD SDUD DWHQGHU XQ EDU ,QIRUPHV DG DL
HK HP
¢(67É6 (0%$5$=$'$"
'(3$57$0(172 < /2&$/ &20(5&,$/ +L HYYPLUKV T JVJPUH ZHSH JVTLKVY KVYTP[VYPVZ IH|VZ ZPU NHYHQL ` SVJHS NYHUKL KL T MYLU[L H SH IVSH HTHYPSSH 0UMVYTLZ!
1R WH SUHRFXSHV OOiPDQRV DEVROXWD GLVFUHVLyQ
%ULQGDPRV VHUYLFLRV SURIHVLRQDOHV
9(1'2
0RYL & $ 0
&KHYUROHW /XY \ &KHYUROHW &DUU\ ,QIRUPHV
9(1'2
$UULHQGR XQD FDVD DO QRUWH GH 4XLWR VHFWRU %HOODYLVWD GH &DUUHWDV &DOOH *RQ]DOR &RUUHD 1 7HOp IRQR
(SL]PULZ KL ;PSHWPH 9VQH HS WVY TH`VY ` TLUVY 0UMVYTLZ [LStMVUVZ!
$ 3 N P
(1 2%(/,6&2
DG DL
9(1'2 2 $55,(1'2
9(1'2 1LVVDQ $OPHUD PDWUtFXOD FRORU SODWD NP )XOO \ WDPELpQ 1LVVDQ 3DWURO [ PDWULFXODGR EXHQ HVWDGR ,Q IRUPHV
&DVD HQ $Y (O 5HWRU QR P ,QIRUPHV DG DL
9(1'2 &$6$ ,QGHSHQGLHQWH HVTXLQHUD GRU PLWRULRV HVWXGLR SDUTXHDGH URV WHOpIRQR WRGR VHUYLFLR 86' ,QIRUPHV DG DL
9(1'2 &$6$ 'H WUHV SODQWDV FRQ JDUD MHV HVTXLQHUD HQ OD 8UED QL]DFLyQ /D 4XLQWD ,QIRU PHV WHOpIRQR
DG DL
9(1'2
3RU PRWLYR GH YLDMH GH P HQ $WXQWDTXL D OD DOWXUD GH OD %DVH GH ORV 0LOLWDUHV ,QIRU PHV DG DL
9ROTXHWD &KHYUROHW ,VX]X &<= PRGHOR 7HOpIR QRV DG DL
9(1'2 2 $55,(1'2 /RFDO FRPHUFLDO SODQWD EDMD P 9HODVFR \ 6iQ FKH] \ &LIXHQWHV ,QIRUPHV DG DL
'R\ JUD FLDV SRU HO ID YRU UH FL EL GR 78 '( 92 72 / + 7
LAVADO (SMVTIYHZ WLNHKHZ ` Z\LS[HZ T\LISLZ [HWPJLYxH H\[VZ ZLY]PJPV 0TIHI\YH ` *HYJOP 0UMVYTLZ! *SHYV
+2512 *,5$725,2 6H YHQGH D GLHVHO FiPDUD OHXGR DPD]DGRUD GLYLVRUD RWUR ODWDV 'DPRV JDUDQWtD GH IXQFLRQDPLHQWR ,QIRUPHV DG DL
2325781,'$'
6$0$17+$ (;3(57$ (1 $0$55(6 '( $025
6$/8'
/( 5(*5(62 $/ 6(5 $0$'2
FRQ R VLQ IRWR FXUR KHFKL]RV PDOD VXHUWH LPSRWHQFLD VH[XDO 2EALIZO ,)-0)!3 $%, !52! $025 EDxRV HQHUJpWLFRV OHFWXUD GH 7$527 &DPELH VX VXHUWH
$/(-( /$6 (19,',$6 12 3,(5'$ /$ )(
$0$55(6 *$5$17,=$'26
//$0(0( $/ 3UHYLD FLWD
!#
9(1'2 /27(
&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 $YH PD UtD GX UDQ WH GtDV DO QR YH QR GtD SX EOL TXH HV WH DQXQ FLR \ VH FXP SOL Ui DXQ TXH QR OR FUHD RE VHU YH OR TXH RFX UUL Ui DO FXDU WR GtD GH VX SX EOL FD FLyQ
<e Hl`kf i\j`[\eZ`X >`iXjfc _XY`kXZ`f$ e\j XdfYcX[Xj jfcf \jkl[`Xek\j Z\iZX X ]XZlckX[ [\ d\[`Z`eX [\j[\ (''% @e]%1 '00*-(-,' & ')),++)-/ nnn% i\j`[\eZ`Xle`m\ij`kXi`X^`iXjfc%Zfd 8I&/,--(&ZZ
HK HP
$UULHQGR RÀ FLQDV HQ SHUIHF WDV FRQGLFLRQHV FRQ WHOpIR QR \ EDxR SULYDGR ,QIRUPHV DG DL
2UDFLyQ 0LODJURVD
&ODUR
DG DL
DG DL
DG DL
$55,(1'2 '(3$57$0(172 3DUD IDPLOLD FRUWD &DOOH )ORUHV \ 3HGUR 5R GUtJXH] DG DL
6( 1(&(6,7$
*VUZ\S[VYH /PKYVZVM[ *PH 3[KH 5LJLZP[H JVU[YH[HY SVZ ZLY]PJPVZ KL :Y[H (\_PSPHY KL *VU[HIPSPKHK ZVS[LYH JVU KPZWVUPIPSPKHK KL [PLTWV 4mZ PUMVYTHJP}U
#+ĖũĉĎĎĈıĎĎĉũ 7ĖũĉĎĎĉıĈĊĎĔũ.ũ, 1! ũ ũ!4 +04(#1
',1(52
DG DL
/27(6 '( 2325781,'$'
75$%$-2 27$9$/2
.-3 !3.
HK HP
2325781,'$' (1 48,72
9(1'2 &$6$
PU DW
0 # .14+&#X FFN/F &' %105647%%+Ø0X G &14/+61g 4+15X %10 6'44#<# ; '52#%+1 2#4# %105647+4X ,#4&Ó0X )#4#,' ; 2#6+1T 0(14/'5U NJF JGE JMJ f NMMKENFEL f NLKEEJMNJT fFHJIIf
/LQGR WHUUHQR HQ %HOODYLVWD P D OD HQWUDGD GH &KDO WXUD WRGRV ORV VHUYLFLRV Ei VLFRV ,QIRUPHV DG DL
( ; , 72
9(1'2
9HQGR FDVD QXHYD FRQ GRU PLWRULRV P WHUUHQR VHFWRU +XHUWRV )DPLOLDUHV 86' ,QIRUPHV DG DL
#ũ+4-#2ũ ũ5(#1-#2ũ"#ũđĖććũ ũ ũĊĖććũ
$ $
2325781,'$'
.1 1(.
+ 2($(! ".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!.,
9HQGR XQ :LQFKHU XQ HQIR FXV \ XQD SRWHQFLD SDUD YH KtFXOR 7DPELpQ FRPSUR XQD UHIULJHUDGRUD JUDQGH ,QIRUPHV DG DL
2325781,'$' 9HQGR QHJRFLR GH DFFHVR ULRV SDUD YHKtFXORV VHFWRU FRPHUFLDO PX\ EXHQD UHQWD ELOLGDG 86' ,QIRUPHV DG DL
325 12 32'(5 $7(1'(5 9HQGR R FDPELR SRU FDUUR XQ QHJRFLR GH ,QWHUQHW FRQ FOLHQWHOD HQ OD &LXGD GHOD ´-DUGLQHV GH 2GLODµ /D )ORULGD ,QIRUPHV DG DL
/27(6 '(6'( & 0 6LQ LQWHUPHGLDULRV HVFULWXUDV LQ PHGLDWDV FRQ HO GH HQWUDGD SODQRV DSUREDGRV (QWUHYLVWDV )LQFD 'U 9DOHQFLD * &KRUODYt ,EDUUD DG DL
9(1'2 9RONVZDJHQ *RO SXHUWDV FRQIRUW DxR XQ VROR GXH xR FRORU URMR ,QIRUPHV WHOp IRQRV DG DL
6( $55,(1'$ 'HSDUWDPHQWRV HQ OD )ORULGD &DOOH /RV *LUDVROHV 1 FRQ WRGRV ORV VHUYLFLRV EiVLFRV 7HOpIRQRV FF DL
3e5','$ '( '2&80(1726 6H FRPXQLFD TXH VH KD H[WUDYLDGR ORV GRFXPHQWRV GHO VHxRU *HUDUGR 2OPHGR /HFKyQ )LHUUR \ 6HxRUD 0D UtD &OHPHQFLD &DL]D 'tD] OLEUHWD GH DKRUURV &RRS $WXQWDTXL FpGXODV SDSHOHWD GH YRWDFLyQ DG DL
ũũũũũũũũũ
COPRISEG CIA LTDA
6DOyQ )DPLOLDU
6L QR D\XGDV D OLPSLDU QR D\XGHV D HQVXFLDU
3RU pSRFD GH &XDUHVPD OH LQYLWD D GHJXVWDU ORV GtDV PDUWHV \ YLHUQHV GH OD GHOLFLRVD IDQHVFD
4650;69,6 4,5:<(3 4Í: 0=( ¸:0,479, 30:;6:¹ ,Z[HTVZ <IPJHKVZ ,U SH *HSSL 1VZt 4LQxH ` 7LKYV 9VKYxN\La -YLU[L H SH 7PZJPUH 6SxTWPJH V H U\LZ[YV JVYYLV! JVWYPZLN'HUKPUHUL[ UL[ ;,3,-! (+ (0
6XV SHGLGRV DO WHOpIRQR
mr/12108/at
&DPSDxD GH OLPSLH]D SRU OD &LXGDG GH 7XOFiQ
ŏ ĀĆŏ ŏ ŏĂĀāĂ
ŏ +.
ŏ ġ ĀĆŏ ŏ ŏĂĀāĂ
ŏ +. ŏ ġ
Ăā Ăā
9B7I?<?97:EI B7 >EH7 ?87HH70 &, ( /+,+&( 78/&$1 27$9$/2
'( 2325781,'$' 6( 9(1'( 5,.6*06 +, ()(:;6: @ *65-0;,9Ð( <)0*(+6 ,5 3( 6)0:76 46:8<,9( @ )(9;6364i .(9*Ð(
:636 05;,9,:(+6: 33(4(9 ( 36: ;,3i-656:!
(+ (0
769 :< :,.<90+(+ 765, ( :< :,9=0*06! :,.<90+(+ ,3,*;9Ô50*( *,9*(: ,3i*;90*(: :0:;,4( +, *Í4(9(: +, :,.<90+(+ =0.03(5*0( (94(+( +,;,*;0=,: 790=(+6:
$GHPiV OH RIUHFHPRV GHVD\XQRV DOPXHU]RV SODWRV D OD FDUWD \ ORV ~QLFRV TXLPEROLWRV FRQ UHJLVWUR VDQLWDULR (VWDPRV XELFDGRV HQ OD $\DFXFKR HQWUH %ROtYDU \ 5DIDHO $UHOODQR
¢78 &25$=Ð1 (67$ $6Ì" $5,(/ (/ *858 '(/ $025 7( $<8'$
6R\ SRVHHGRU GHO DPDUUH PiV HFRQyPLFR
HÀ FD] \ UiSLGR GHO PXQGR 5HVXOWDGRV HQ
VROR KRUDV 9$/25
7HOI PLJ
.,26.2
´ /D &XHQFDQLWDµ
$6(625$0,(172 '( 7(6,6 7(5&(52 < &8$572 1,9(/ ,1)250(6
2)5(&(
#5(23 2Ĕũ/#1(¢"(!.2Ĕũ2.13#.2ũ"#ũ+.3#1~ Ĕũ+( 1.2ũ"#ũ !.!(- Ĕũ! -!(.-#1.2ũ8ũ+( 1.2ũ"#ũ,.3(5 !(¢-ēũ 104#ũ #-31 +ēũ #+_$.-.ĖũĉũĒđĈũćĊĒ
'RQD WX VDQJUH
'RQDU WX VDQJUH QR LPSOLFD QLQJ~Q ULHVJR
2UDFLyQ 0LODJURVD <hg _²h ^g M²% fb =bhl% IZ ]k^% Ab ch r >l i² kb mn LZg mh' Fb ¼gb \h LZe oZ ]hk% \hg mh ]Zl fbl _n^k sZl e^l ib ]h jn^ f^ \hg \^ ]Zg eZ `kZ \bZ jn^ mZg mh ]^ l^h' !Ib ]Z mk^l ]^ l^hl ngh ]^ g^ `h \bhl r ]hl bf ih lb [e^l"' K^ \^ gn^ o^ o^ \^l Ze :o^ fZ k²Z ]n kZg m^ 2 ]²Zl% Ze gh o^ gh ]²Z in [eb jn^ ^l m^ Zgng \bh r l^ \nf ieb k§ Zng jn^ gh eh \k^Z% h[ l^k o^ eh jn^ h\n kkb k§ Ze \nZk mh ]²Z ]^ ln in [eb \Z \b·g' =hr `kZ \bZl ihk ^e _Z ohk k^ \b [b ]h' MN => OH M: E'A'M'
NAKAL= FM=KLJ9 H9?AF9 O=: Iki YbWi_\_YWZei [d
mmm$bW^ehW$Yec$[Y
ũ ũ
$/ 325 0$<25 < 0(125 9HQWD GH SXQWDOHV 8/0$ VHPLQXHYRV UHIRU]DGR $/ &217$'2 < &5e',72 7HOIV &RUUHR GLVWULEXLGRUD DOYDUHVD#\DKRR HV 6$172 '20,1*2 (&8$'25
&XDQGR FUXFH OD FDOOH KDJDOR VLHPSUH SRU ODV HVTXLQDV \ SRU OD ]RQD GH VHJXULGDG WRPDQGR ODV SUHFDXFLRQHV GHO FDVR 9B7I?<?97:EI Z[ :?7H?E B7 >EH7
ln f^chk Zem^kgZmboZ iZkZ \hfikZk r o^g]^k
P]
6$/9$ 81$ 9,'$
/26 1,f26 '(%(1 6$%(5 '( 0(025,$ (/ 1Ó0(52 '( 68 7(/e)212
$57(6 /8&$6
'( -8$1,7$ /8&$6 /H RIUHFH WUDEDMRV HQ IRPLV FRPR DGRU QRV UHFXHUGRV FDUWHOHV PDWHULDO GLGiFWL FR \ FXUVRV %ROtYDU HQWUH SLFKLQFKD \ 5RFDIXHUWH
ŏ ŏ
ŏ
ĂĂ
ŏŏ 7 ŏŏ
ĀĆŏ ŏ ŏĂĀāĂŏ ĀĂŏ ŏ ŏĂĀāĀ ĀĆŏ ŏ ŏĂĀāĂ
ŏ +. ŏ ġ
6(1$*8$ 6(&5(7$5,$ 1$&,21$/ '(/ $*8$ '(0$5&$&,Ð1 +,'52*5É ),&$ 0,5$ &(1752 =21$/ 78/&É1 $ ORV XVXDULRV SUHVXQWRV \ GHV FRQRFLGRV GH ODV $JXDV GH YHU WLHQWHV LQQRPLQDGDV TXH QDFHQ HQ HO SXQWR OODPDGR &DVD )UtD OD XQD \ OD RWUD TXH QDFH HQ OD TXHEUDGD (O %XLWUyQ XELFDGDV HQ HO FDVHUtR GH 3XFKXpV GH OD 3DUURTXLD 6DQ ,VLGUR FDQWyQ (VSHMR SURYLQFLD GHO &DUFKL $&725 -817$ $'0,1,675$ '25$ '( $*8$ 327$%/( &2081,'$' ´6$1 3('52 '( 38&+8e6µ 6HJXQGR &p VDU &KiYH] &XDWtQ 3UHVLGHQWH
2%-(72 62/,&,7$5 /$ &21 &(6,Ð1 '(/ '(5(&+2 '( 862 < $3529(&+$0,(172 '( /$6 $*8$6 '( 9(57,(1 7(6 ,1120,1$'$6 48( 1$&(1 (1 /26 381726 &$6$ )5Ì$ (/ %8,75Ð1 /$ 38/,=$ < '( /$ $&(48,$ '( 3,648(5 8%,&$'$6 (1 (/ &$6(5Ì2 '( 38&+8e6 3$ 55248,$ 6$1 ,6,'52 &$1 7Ð1 (63(-2 3529,1&,$ '(/ &$5&+, (1 81 &$8'$/ '( /76 6* 3$5$ '(67, 1$5/2 (1 &216802 +8 0$12 &21&(6,Ð1 1R & &
6(&5(7$5,$ 1$&,21$/ '(/ $*8$ '(0$5&$ +,'52 *5$),&$ 0,5$ &(1752 =21$/ 78/&É1 7XOFiQ GH 'LFLHPEUH GHO ODV K $JUpJXHVH DO SURFHVR HO HVFULWR SUHVHQWDGR SRU HO VHxRU 6HJXQGR &pVDU &KiYH] &XD WtQ HQ OR SULQFLSDO OD SHWLFLyQ GH FRQFHVLyQ HV FODUD \ UH~QH ORV UHTXLVLWRV GH OH\ SRU OR TXH VH DFHSWD D WUiPLWH (Q FRQVHFXHQFLD VH GLVSRQH $ ORV XVXDULRV SUHVXQWRV \ GHVFRQRFLGRV FtWHVH SRU OD SUHQVD GH FRQIRUPLGDG FRQ OR GLVSXHVWR HQ HO $UW GH OD /H\ GH $JXDV HQ HO 'LDULR GHO 1RUWH R HQ HO 'LDULR /D +RUD GH PD\RU FLUFXODFLyQ HQ ODV SURYLQFLDV GH ,PEDEXUD \ &DUFKL PHGLDQWH OD SXEOLFDFLyQ GH XQ H[WUDFWRU GH OD VROLFLWXG \ HVWD SURYLGHQ FLD PHGLDQGR HQWUH OD XQD \ OD RWUD HO SOD]R GH RFKR GtDV )tMHVH FDUWHOHV HQ WUHV GH ORV OXJDUHV PiV IUHFXHQWDGRV GH OD SDUURTXLD 6DQ ,VLGUR GXUDQWH HO SOD]R GH WUHLQWD GtDV PHGLDQWH FRPLVLyQ OLEUDGD DO VHxRU 7H QLHQWH 3ROtWLFR GH OD 3DUURTXLD 6DQ ,VLGUR FDQWyQ (VSHMR SUR YLQFLD GHO &DUFKL D TXLHQ VH OH HQYLDUi GHVSDFKR HQ IRUPD 2SRUWXQDPHQWH VH GHVLJQD Ui SHULWR GH HVWD GHSHQGHQFLD D ILQ GH TXH UHDOLFH HO HVWXGLR WpFQLFR GH OD VROLFLWXG SUHVHQ WDGD $JUpJXHVH DO SURFHVR OD VLJXLHQWH GRFXPHQWDFLyQ 3H WLFLyQ &HUWLILFDG GHO 5HJLVWUR GH OD 3URSLHGDG GHO FDQWyQ (VSHMR 1RPEUDPLHQWR GH 3UHVLGHQWH &RSLD GH &pGXOD \ &HUWLILFDGR GH 9RWDFLyQ &RSLDV GH 3ODQRV \ FRPSUREDQWH GH GHSyVLWR 7pQJDVH FRPR SURFXUDGRU FR P~Q GH OD SDUWH DFWRUD DO VHxRU 6HJXQGR &pVDU &KiYH] &XDWtQ \ 7pQJDVH HQ FXHQWD HO $ERJDGR GHIHQVRU \ FDVLOOHUR MXGLFLDO VHxDODGR SDUD VXV QR WLILFDFLRQHV 1RWLItTXHVH I $E /HRQDUGR 5XDOHV 5HLQRVR /t GHU =RQDO 7XOFiQ 'HPDUFDFLyQ +LGURJUiILFD 0LUD 6HFUHWDULD 1DFLRQDO GHO $JXD /R TXH FRPXQLFR DO S~EOLFR SDUD ORV ILQHV FRQVLJXLHQWHV SUHYLQLHQGR D ORV LQWHUHVDGRV OD REOLJDFLyQ TXH WLHQH GH ILMDU GR PLFLOLR MXGLFLDO GHQWUR GH OD -X ULVGLFFLyQ GH HVWH &HQWUR =RQDO 'HPDUFDFLyQ +LGURJUiILFD 0LUD HQ OD FLXGDG GH 7XOFiQ SDUD VXV QRWLILFDFLRQHV $E &DUORV 0RQWDOYR &KXQp] 6HFUHWDULR -XGLFLDO +D\ ILUPD \ VHOOR 0U DW 5(3Ô%/,&$ '(/ (&8$'25 (;75$&72 '( &,7$&,Ð1 -8',&,$/ 1R -8=*$'2 '( /$ 1,f(= < $'2/(6&(1&,$ '(/ &$1 7Ð1 78/&É1 $&725 /8,6 $1,%$/ &+$ 02552 '(0$1'$'$ <$1(7+ 0,/( 1$ 0,5$1'$ 25(-8(/$
&DXVD ,1&,'(17( '( 5(%$ -$ '( 3(16,Ð1 '( $/,0(1 726 $ /$ '(0$1'$'$ 6(f25$ <$1(7+ 0,/(1$ 0,5$1'$ 25(-8(/$ 6( /( +$&( 6$ %(5 48( (1 (67( -8=*$ '2 6( (67$ 75$0,7$1'2 /$ '(0$1'$ '( ,1&,'(17( '( 5(%$-$ '( 3(16,Ð1 '( $/,0(1726 '(1752 '(/ 352&(62 1R &8<$ 3529,'(1&,$ 6( 75$16&5,%( -8=*$'2 '( /$ 1,f(= < /$ $'2/(6&(1&,$ '(/ &$5 &+, 7XOFiQ PLpUFROHV GH IHEUHUR GHO ODV K 9,6726 $YRFR FRQRFLPLHQWR GH OD SUHVHQWH FDXVD GH LQFL GHQWH GH UHEDMD GH SHQVLyQ DOLPHQWLFLD HQ PL FDOLGDG GH -XH]D SRU HQFRQWUDUVH YLJHQWH GHO &yGLJR GH OD 1LxH] \ $GROHV FHQFLD (Q OR SULQFLSDO XQD YH] TXH HO UHFXUUHQWH VHxRU /8,6 $1,%$/ &+$02552 &É5'( 1$6 KD GDGR FXPSOLPLHQWR FRQ OR RUGHQDGR HQ SURYLGHQFLD GH YLHUQHV GH HQHUR GHO ODV K PLQXWRV VH SURFHGH D FDOLÀFDU OD GHPDQGD GH LQFL GHQWH GH UHEDMD GH SHQVLyQ GH DOLPHQWRV GH FODUD FRPSOHWD \ UH~QH ORV UHTXLVLWRV GH OH\ SRU OR TXH VH OD DFHSWD HO WUiPLWH &RQ WHQFLRVR $GPLQLVWUDWLYR *HQHUDO HVWDEOHFLGR HQ HO &yGLJR GH OD 1LxH] \ $GROHVFHQFLD VH WRPD HQ FXHQWD DO VHxRU $E &ULVWLDQ 6LOYD 3HUHLUD FRQ FDVLOOHUR MXGL FLDO 1R SDUD TXH UHSUHVHQWH DO UHFODPDQWH HQ OD SUHVHQWH FDXVD KDVWD FXDQGR HO DFWRU OR FUH\HUH FRQYHQLHQWH 3RU FXDQ WR HO UHFODPDQWH GHVFRQRFH OD LQGLYLGXDOLGDG \ UHVLGHQFLD GH OD GHPDQGDGD VHxRUD <$1( 7+ 0,/(1$ 0,5$1'$ 25( -8(/$ FtWHVH PHGLDQWH WUHV SXEOLFDFLRQHV TXH VH UHDOL]DUiQ FDGD XQD GH HOODV HQ IHFKDV GLV WLQWDV HQ XQ SHUtRGR GH DPSOLD FLUFXODFLyQ GHO OXJDU \ FRPR DVt OR GHWHUPLQD HO $UW GHO &yGLJR GH 3URFHGLPLHQWR &LYLO \ HO $UW ,QQXPHUDGR GH OD /H\ 5HIRUPDWRULD DO &yGLJR GH OD 1LxH] \ $GROHVFHQFLD D ÀQ GH TXH FRQWHVWH HQ HO WpUPLQR OHJDO FRUUHVSRQGLHQWH \ GH FRQ IRUPLGDG FRQ ORV $UWV GHO &yGLJR GH 3URFHGLPLHQWR &LYLO \ GHO &yGLJR GH OD 1LxH] \ $GROHVFHQFLD \ VHxDOH GRPLFLOLR MXGLFLDO SDUD UHFLELU VXV SRVWHULR UHV QRWLÀFDFLRQHV DQXQFLDQGR VXV PHGLRV SUREDWRULRV UHV SHFWLYRV SUHYLQLpQGROH TXH HQ FDVR GH QR FRQWHVWDU QL VHxDODU GRPLFLOLR SDUD VXV QRWLÀFDFLR QHV VH VHJXLUi FRQ OD SUHVHQWH FDXVD HQ VX UHEHOGtD 7pQJDVH HQ FXHQWD OD SUXHED DQXQFLDGD SRU OD SDUWH DFWRUD \ HO GRPLFLOLR VHxDODGR SDUD VXV SRVWHULRUHV QRWLÀFDFLRQHV DJUpJXHVH OD GRFXPHQWDFLyQ DGMXQWD D OD GHPDQGDGD 127,)Ì48(6( ) $EJ 7DQLD (OL]DEHWK *DUFtD )ORUHV -XH]D 7HPSRUDO GH OD 1LxH] \ $GROHVFHQFLD GHO &DUFKL &(57,),&2 'U /XLV $OIRQVR 0RUHWD 'tD] 6(&5(7$5,2 +D\ ÀUPD \ VHOOR OS DW
5(3Ô%/,&$ '(/ (&8$'25 -8=*$'2 2&7$92 '( /2 &,9,/ '(/ &$5&+, &,7$&,Ð1 -8',&,$/ (;75$&72
$O VHxRU /8,6 :$6+,1*721 7$1,&8&+, 2/026 FRQ HO H[ WUDFWR GH OD GHPDQGD GH 'LVROX FLyQ GH OD 6RFLHGDG &RQ\XJDO \ DXWR GH FDOLÀFDFLyQ TXH VLJXH OD VHxRUD 1HOO\ (VSHUDQ]D &KDX FD 4XHODO FRQ IXQGDPHQWR HQ HO $UW GHO &yGLJR GH 3URFH GLPLHQWR &LYLO -8,&,2 (VSHFLDO GH 'LVROXFLyQ GH OD 6RFLHGDG &RQ\XJDO $&725$ 6UD 1HOO\ (VSHUDQ ]D &KDXFD 4XHODO '(0$1'$'2 /XLV :DVKLQJ WRQ 7DQLFXFKL 2OPRV 2%-(72 '( /$ '(0$1'$ 4XH HQ UHVROXFLyQ VH GHFODUH GLVXHOWD OD VRFLHGDG FRQ\XJDO KDELGD SRU HO PDWULPRQLR GH OD DFWRUD \ GHO GHPDQGDGR &8$17Ì$ ,QGHWHUPLQDGD 3529,'(1&,$ ´-8=*$'2 2&7$92 '( /2 &,9,/ < 0(5 &$17,/ '(/ &$5&+, 0LUD D GH PDU]R GHO ODV K 9,6726 3RU OD UD]yQ TXH DQWHFHGH DYRFR FRQRFL PLHQWR GH OD SUHVHQWH FDXVD (Q OR SULQFLSDO OD GHPDQGD TXH VH FDOLÀFD HV FODUD FRPSOHWD SUHFLVD \ UH~QH ORV GHPiV UH
TXLVLWRV GH /H\ SRU OR TXH VH OD DFHSWD D WUiPLWH HQ OD YtD GHO MXLFLR VXPDULR $JUpJXHVH DO SURFHVR OD GRFXPHQWDFLyQ DSD UHMDGD D OD GHPDQGD $O GHPDQ GDGR VHxRU /XLV :DVKLQJWRQ 7DQLFXFKL 2OPRV VH OH FRQFHGH HQ HO WpUPLQR GH WUHV GtDV SDUD TXH GHGX]FD OD H[FHSFLRQHV GH TXH VH FRQVLGHUH DVLVWLGR \ SRU FXDQWR OD DFWRUD KD GHFODUDGR FRQ MXUDPHQWR GHVFRQRFHU HO GRPLFLOLR GHO GHPDQGDGR FtWHVH DO VHxRU /XLV :DVKLQJWRQ 7DQL FXFKL 2OPRV FRQ XQ H[WUDFWR GH OD GHPDQGD \ HO SUHVHQWH DXWR SRU SXEOLFDFLRQHV SRU OD SUHQVD HVWR HQ HO 'LDULR /D +RUD TXH VH HGLWD HQ OD FLXGDG GH ,EDUUD FRQ DPSOLD FLUFXODFLyQ HQ HVWD FLXGDG 7pQJDVH HQ FXHQWD OD FXDQWtD HO GRPLFLOLR VHxDODGR SRU OD DFWRUD VHxRUD 1HOO\ (VSH UDQ]D &KDXFD 4XHODO SDUD VXV QRWLÀFDFLRQHV \ OD DXWRUL]DFLyQ TXH FRQFHGH D VX GHIHQVRU 1RWLItTXHVH \ FtWHVH I 'U *DOR ( 2UWHJD 6HUUDQR -XH] 2FWDYR GH OR &LYLO GHO &DUFKLµ VLJXH OD UD]yQ GH QRWLÀFDFLyQ &HUWLÀFR
%$1&2 '( *8$<$48,/ 6 $ FRPXQLFD DO S~EOLFR TXH HO VHxRU D $OPHLGD /ySH] (GZLQ :DVKLQJWRQ KD GHFODUDGR TXH HO ORV FKHTXH V DO GH VX FXHQWD FRUULHQWH OH IXH URQ VXVWUDtGR V UREDGR V H[WUDYLDGR V HQ EODQFR \ VLQ ILUPD EDMR VX UHVSRQVD ELOLGDG FLYLO \ SHQDO TXH VL VH SUHVHQWDUHQ DO FREUR ORV UHIHULGRV FKHTXHV HVWRV VRQ )$/6,),&$'26 \ HQ FRQVHFXHQFLD HO %DQFR QR GHEHUi SDJDUORV 3RU OR DQRWDGR HO %DQFR D SDUWLU GH OD SUHVHQ WH SXEOLFDFLyQ SURFHGHUi D OD DQXODFLyQ GHO GH ORV PHQFLRQDGR V FKHTXH V
3DUWLFXODU TXH SRQJR HQ FRQR FLPLHQWR GHO FLWDGR SDUD ÀQHV OHJDOHV FRQVLJXLHQWHV DGYLUWLpQ GROH GH OD REOLJDFLyQ TXH WLHQH TXH VHxDODU GRPLFLOLR MXGLFLDO GHQWUR GHO SHUtPHWUR OHJDO GH HVWD FLXGDG GH 0LUD SDUD IXWX UDV QRWLÀFDFLRQHV TXH GHEDQ KDFpUVHOH
DG DL
0LUD D GH DEULO GHO 'U (GJDU 0LxR 4XHODO 6(&5(7$5,2 -8=*$'2 92 &,9,/ '(/ &$5&+, +D\ ÀUPD \ VHOOR $' $,
5(3Ô%/,&$ '(/ (&8$'25 (;75$&72 '( &,7$&,Ð1 -8',&,$/ -8=*$'2 '( /$ 1,f(= < $'2/(6&(1&,$ $&725 /,',$ 52&Ì2 %2/$ f26 526(52 '(0$1'$'2 686$1$ (/, =$%(7+ %2/$f26 < 0,*8(/ É1*(/ &+,5,%2*$ &$86$ (;75$&72 1R 6( +$&( 6$%(5 48( (1 (67( -8=*$'2 6( (67$ 75$0,7$1'2 /$ '(0$1'$ '( 7(1(1&,$ /(*$/ 1R 48( 6,*8( /$ 65$ /,',$ '(/ 52&Ì2 %2/$f26 526(52 (1 &2175$ '( /26 6(f25(6 686$1$ (/,=$%(7+ %2/$f26 %2/$ f26 < 0,*8(/ É1*(/ &+, 5,%2*$ +857$'2 < &8<$ 3529,'(1&,$ 6( 75$16 &5,%( -8=*$'2 '( /$ 1,f(= < $'2/(6&(1&,$ '(/ &$5 &+, 7XOFiQ 6iEDGR GH IH EUHUR GHO ODV K 9,6 726 $JUpJXHVH DO SURFHVR HO HVFULWR \ GRFXPHQWRV TXH DQWH FHGHQ /D GHPDQGD GH WHQHQFLD SUHVHQWDGR SRU OD VHxRUD /,',$ '(/ 52&Ì2 %2/$f26 526( 52 HV FODUD SUHFLVD FRPSOHWD \ UH~QH ORV GHPiV UHTXLVLWRV GH OH\ DFHSWiQGROD DO WUiPLWH HVWDEOHFLGR HQ HO OLEUR 7HUFHUR 7tWXOR ; &DStWXOR ,9 6HFFLyQ 6HJXQGD GHO &yGLJR GH OD 1LxH] \ $GROHVFHQFLD 3RU DILUPDU EDMR MXUDPHQWR OD DFWRUD HQ VX GH PDQGD TXH OH KD VLGR LPSRVLEOH GHWHUPLQDU OD LQGLYLGXDOLGDG R UHVLGHQFLD GH ORV VHxRUHV 68 6$1$ (/,=$%(7+ %2/$f26 %2/$f26 < 0,*8(/ É1*(/ &+,5,%2*$ +857$'2 GH OR FXDO VH OHYDQWy HO DFWD UHVSHF WLYD \ TXH FRQVWD GH DXWRV DVt FRPR VH KD GHPRVWUDGR KDEHU DJRWDGR ORV PHGLR OHJDOHV FR GXFHQWHV D GHWHUPLQDU OD LQGLYL GXDOLGDG R UHVLGHQFLD GH ORV GH PDQGDGRV FtWHVH PHGLDQWH WUHV SXEOLFDFLRQHV TXH VH UHDOL]DUiQ HQ HO 'LDULR /D +RUD TXH VH HGLWD HQ HVWD FLXGDG FDGD XQD GH HOODV HQ IHFKDV GLVWLQWDV GH FRQIRUPLGDG FRQ OR HVWDEOHFLGR HQ HO $UW GHO &yGLJR GH 3UR FHGLPLHQWR &LYLO SDUD OR FXDO VH FRQIHULUi DO H[WUDFWR QHFHVDULR (Q OD SUHVHQWH FDXVD LQWHUYHQJD OD RILFLQD WpFQLFD GH HVWH -X]JD GR \ HPLWD VX LQIRUPH FRUUHV SRQGLHQWH 7pQJDVH HQ FXHQWD HO FDVLOOHUR MXGLFLDO 1R SHUWHQHFLHQWH DO VHxRU 'RFWRU /HQLQ 3D]RV $UHOODQR VHxDODGR SRU HO DFWRU 127,)Ì48(6( I $E 7DQLD *DUFtD )ORUHV -XH]D GH OD 1LxH] \ $GROHVFHQFLD GHO &DQWyQ 7XOFiQ /R TXH FRPXQLFR D 8VWHG SDUD ORV ILQHV GH OH\ &(57,),&2 'U /XLV 0RUHWD 6(&5(7$5,2 '(/ -8=*$'2 '( /$ 1,f(= < $'2/(6&(1 &,$ '(/ &$17Ð1 78/&É1 0U DW
%$1&2 '( *8$<$48,/ 5(92&$725,$ (;75$9Ì2 52%2 1 &+(48( 6,1 02172
DG DL
5(92&$725,$ (;75$9Ì2 52%2 1 &+(48( 6,1 02172
%$1&2 '( *8$<$48,/ 6 $ FRPXQLFD DO S~EOLFR TXH HO VHxRU D $OPHLGD /ySH] (GZLQ :DVKLQJWRQ KD GHFODUDGR TXH HO ORV FKHTXH V GH VX FXHQWD FRUULHQWH OH IXH URQ VXVWUDtGR V UREDGR V H[WUDYLDGR V HQ EODQ FR \ VLQ ILUPD EDMR VX UHVSRQVDELOLGDG FLYLO \ SHQDO TXH VL VH SUHVHQWDUHQ DO FREUR ORV UHIHULGRV FKHTXHV HVWRV VRQ )$/6,),&$'26 \ HQ FRQVHFXHQFLD HO %DQFR QR GHEHUi SDJDUORV 3RU OR DQR WDGR HO %DQFR D SDUWLU GH OD SUHVHQWH SXEOLFDFLyQ SURFHGHUi D OD DQXODFLyQ GHO GH ORV PHQFLRQDGR V FKHTXH V
5(92&$725,$ (;75$9Ì2 52%2 1 &+(48( 6,1 02172
%$1&2 '( *8$<$48,/ 6 $ FRPXQLFD DO S~EOLFR TXH HO VHxRU D $OPHLGD /ySH] (GZLQ :DVKLQJWRQ KD GHFODUDGR TXH HO ORV FKHTXH V GH VX FXHQWD FRUULHQWH OH IXH URQ VXVWUDtGR V UREDGR V H[WUDYLDGR V HQ EODQ FR \ VLQ ILUPD EDMR VX UHVSRQVDELOLGDG FLYLO \ SHQDO TXH VL VH SUHVHQWDUHQ DO FREUR ORV UHIHULGRV FKHTXHV HVWRV VRQ )$/6,),&$'26 \ HQ FRQVHFXHQFLD HO %DQFR QR GHEHUi SDJDUORV 3RU OR DQR WDGR HO %DQFR D SDUWLU GH OD SUHVHQWH SXEOLFDFLyQ SURFHGHUi D OD DQXODFLyQ GHO GH ORV PHQFLRQDGR V FKHTXH V DG DL
5(92&$725,$ (;75$9Ì2 52%2 1 &+(48( 6,1 02172
%$1&2 '( *8$<$48,/ 6 $ FRPXQLFD DO S~EOLFR TXH HO VHxRU D $OPHLGD /ySH] (GZLQ :DVKLQJWRQ KD GHFODUDGR TXH HO ORV FKHTXH V GH VX FXHQWD FRUULHQWH OH IXH URQ VXVWUDtGR V UREDGR V H[WUDYLDGR V HQ EODQ FR \ VLQ ILUPD EDMR VX UHVSRQVDELOLGDG FLYLO \ SHQDO TXH VL VH SUHVHQWDUHQ DO FREUR ORV UHIHULGRV FKHTXHV HVWRV VRQ )$/6,),&$'26 \ HQ FRQVHFXHQFLD HO %DQFR QR GHEHUi SDJDUORV 3RU OR DQR WDGR HO %DQFR D SDUWLU GH OD SUHVHQWH SXEOLFDFLyQ SURFHGHUi D OD DQXODFLyQ GHO GH ORV PHQFLRQDGR V FKHTXH V DG DL
5(92&$725,$ (;75$9Ì2 52%2 1 &+(48( 6,1 02172
%$1&2 '( *8$<$48,/ 6 $ FRPXQLFD DO S~EOLFR TXH HO VHxRU D $OPHLGD /ySH] (GZLQ :DVKLQJWRQ KD GHFODUDGR TXH HO ORV FKHTXH V GH VX FXHQWD FRUULHQWH OH IXH URQ VXVWUDtGR V UREDGR V H[WUDYLDGR V HQ EODQ FR \ VLQ ILUPD EDMR VX UHVSRQVDELOLGDG FLYLO \ SHQDO TXH VL VH SUHVHQWDUHQ DO FREUR ORV UHIHULGRV FKHTXHV HVWRV VRQ )$/6,),&$'26 \ HQ FRQVHFXHQFLD HO %DQFR QR GHEHUi SDJDUORV 3RU OR DQR WDGR HO %DQFR D SDUWLU GH OD SUHVHQWH SXEOLFDFLyQ SURFHGHUi D OD DQXODFLyQ GHO GH ORV PHQFLRQDGR V FKHTXH V DG DL
5(92&$725,$ (;75$9Ì2 52%2 1 &+(48( 6,1 02172
%$1&2 '( *8$<$48,/ 6 $ FRPXQLFD DO S~EOLFR TXH HO VHxRU D $OPHLGD /ySH] (GZLQ :DVKLQJWRQ KD GHFODUDGR TXH HO ORV FKHTXH V GH VX FXHQWD FRUULHQWH OH IXH URQ VXVWUDtGR V UREDGR V H[WUDYLDGR V HQ EODQ FR \ VLQ ILUPD EDMR VX UHVSRQVDELOLGDG FLYLO \ SHQDO TXH VL VH SUHVHQWDUHQ DO FREUR ORV UHIHULGRV FKHTXHV HVWRV VRQ )$/6,),&$'26 \ HQ FRQVHFXHQFLD HO %DQFR QR GHEHUi SDJDUORV 3RU OR DQR WDGR HO %DQFR D SDUWLU GH OD SUHVHQWH SXEOLFDFLyQ SURFHGHUi D OD DQXODFLyQ GHO GH ORV PHQFLRQDGR V FKHTXH V DG DL
5(92&$725,$ (;75$9Ì2 52%2 1 &+(48( 6,1 02172
%$1&2 '( *8$<$48,/ 6 $ FRPXQLFD DO S~EOLFR TXH HO VHxRU D &XWXJXiQ <XSD $QWRQLR KD GHFODUDGR TXH HO ORV FKHTXH V GH VX FXHQWD FRUULHQ WH OH IXH URQ VXVWUDtGR V UREDGR V H[WUDYLDGR V HQ EODQFR \ VLQ ILUPD EDMR VX UHVSRQVDELOLGDG FLYLO \ SHQDO TXH VL VH SUHVHQWDUHQ DO FREUR ORV UHIHULGRV FKHTXHV HVWRV VRQ )$/6,),&$'26 \ HQ FRQVHFXHQFLD HO %DQFR QR GHEHUi SDJDUORV 3RU OR DQR WDGR HO %DQFR D SDUWLU GH OD SUHVHQWH SXEOLFDFLyQ SURFHGHUi D OD DQXODFLyQ GHO GH ORV PHQFLRQDGR V FKHTXH V DG DL
5(92&$725,$ (;75$9Ì2 52%2 1 &+(48( 6,1 02172
%$1&2 '( *8$<$48,/ 6 $ FRPXQLFD DO S~EOLFR TXH HO VHxRU D &XWXJXiQ <XSD $QWRQLR KD GHFODUDGR TXH HO ORV FKHTXH V GHO DO GH VX FXHQWD FRUULHQWH OH IXH URQ VXVWUDtGR V UREDGR V H[WUDYLDGR V HQ EODQ FR \ VLQ ILUPD EDMR VX UHVSRQVDELOLGDG FLYLO \ SHQDO TXH VL VH SUHVHQWDUHQ DO FREUR ORV UHIHULGRV FKHTXHV HVWRV VRQ )$/6,),&$'26 \ HQ FRQVHFXHQFLD HO %DQFR QR GHEHUi SDJDUORV 3RU OR DQR WDGR HO %DQFR D SDUWLU GH OD SUHVHQWH SXEOLFDFLyQ SURFHGHUi D OD DQXODFLyQ GHO GH ORV PHQFLRQDGR V FKHTXH V DG DL
$18/$&,Ð1 6H SRQH HQ FRQRFLPLHQ WR GHO S~EOLFR TXH VH KD H[WUDYLDGR OD &XHQWD GH $KRUURV GHO %DQFR 1DFLRQDO GH )R PHQWR 6XFXUVDO 7XOFiQ SHUWHQHFLHQWH D OD VHxRUD 0DUtD (XJHQLD <DQDVFXDO 0DOWH FRQ SRU OR TXH VH SURFHGH D VX DQXODFLyQ PU DW
& 0 -ŋ* , ŋ &ŋ ' #)ŋ ŋ .#./ ŋ (ŋ /( # (ŋ ŋ vBWi WYj_jkZ[i ik[b[d Yedi_Z[hWhi[ Yece fh[# Z_ifei_Y_ed[i Wfh[dZ_ZWi gk[ [`[hY[d kdW _dÓk[dY_W o gk[ Yedi_ij[d [d bW h[ifk[ijW ^WY_W Z[j[hc_dWZei eX`[jei" f[hiedWi e ]hk# fei$ BWi WYj_jkZ[i ied dehcWbc[dj[ Yedi_Z[# hWZWi Yece fheZkYjei Z[ bW ieY_Wb_pWY_ d o" feh jWdje" Yece Wb]e ceZ_ÒYWXb[$ :[X_Ze W gk[ bW YedZkYjW Z[ kdW f[hiedW ^WY_W bei Z[# c|i ik[b[ [ijWh WieY_WZW W bWi WYj_jkZ[i gk[ cWdj_[d[ Yed [bbei" bW _dl[ij_]WY_ d ieXh[ Y # ce i[ \ehcWd" i[ eh]Wd_pWd [d bW c[dj[ o i[ ceZ_ÒYWd bWi WYj_jkZ[i ^W i_Ze kd j[cW Z[ [dehc[ _cfehjWdY_W$ ;b Z[iYkXh_c_[dje Z[ gk[ bWi WYj_jkZ[i i_# ]k[d W bWi YedZkYjWi" o l_Y[l[hiW" [c[h][ Z[ bW ikfei_Y_ d" Wcfb_Wc[dj[ Z[ceijhWZW" Z[ gk[ bei _dZ_l_Zkei Z[i[Wd fh[i[hlWh bW Yed# i_ij[dY_W b ]_YW [d iki fkdjei Z[ l_ijW ieXh[ [bbei c_icei o ieXh[ ik [djehde$ 7b]kdWi j[eh Wi ieXh[ bW ÆYedi_ij[dY_W Ye]d_j_lWÇ" ^Wd bb[]WZe W i[h _cfehjWdj[i [d [b f[diWc_[dje fi_YeieY_eb ]_Ye" Wb ikXhW# oWh bW _Z[W Z[ gk[ bei _dZ_l_Zkei fh[Ò[h[d f[diWh gk[ iki WYY_ed[i ied Ye^[h[dj[i Yed iki Yh[[dY_Wi" o gk[ i_ f[hY_X[d _dYedi_ij[d# Y_W [djh[ WcXWi" ÆZ_iedWdY_W Ye]d_j_lWÇ" jhW# jWd Z[ h[ZkY_hbW #b ]_YWc[dj[" ceZ_ÒYWdZe bWi Yh[[dY_Wi Wdj[i gk[ bWi WYY_ed[i$ 7 jhWl i Z[ bW _dl[ij_]WY_ d [cf h_YW" bei fi_Y be]ei ieY_Wb[i _dj[djWd Yecfh[dZ[h bWi YedZ_Y_ed[i XW`e bWi gk[ bWi f[hiedWi Z[iYk# Xh[d bW Z_iedWdY_W o [d bWi gk[ _dj[djWh|d h[ZkY_hbW c[Z_Wdj[ [b YWcX_e Z[ WYj_jkZ[i X|i_YWi$ Bei [ijkZ_ei gk[ WfeoWd bW j[eh W Z[ bW Z_iedWdY_W fh[Z_Y[d gk[ bWi WYj_jkZ[i Z[ kd _dZ_l_Zke ^WY_W kd ]hkfe ieY_Wb fk[# Z[d ceZ_ÒYWhi[ i_ i[ _dZkY[ W Wgk b W ceZ_# ÒYWh ik YedZkYjW ^WY_W [b ]hkfe1 [b YWcX_e Z[ WYj_jkZ[i h[fh[i[djW bei [i\k[hpei gk[ [b _dZ_l_Zke h[Wb_pW fWhW gk[ iki _Z[Wi ieXh[ [i[ ]hkfe Ye_dY_ZWd Yed [b ceZe [d gk[ i[ ^W YecfehjWZe Yed iki c_[cXhei$ ;ij[ YWcX_e Z[ WYj_jkZ[i W ikY[Z_Ze [d [b ]hkfei Z[ dk[ijhW i[b[YY_ d dWY_edWb" feh gk de Wi_c_bWhbe W dk[ijhW h[Wb_ZWZ Yej_Z_W# dW fWhW be]hWh kdW Wkje[ij_cW [gk_b_XhWZW o Yedi_ij[dj[ o iWb_h Z[ bW Yh_i_i Z[ ]eX[hdWX_# b_ZWZ" Z[ _d[gk_ZWZ o Z[ bW f[hiedWb_pWY_ d Z[b oe" [d bei _dj[h[i[i gk[ ied \Wc_b_Wh[i" eh]Wd_pWY_edWb[i e Z[ ;ijWZe$ FWhW fhecel[h [ijW i_cX_ei_i e YWcX_e Z[ WYj_jkZ d[]Wj_lW W fheWYj_lW" bW [ZYkYW# Y_ d o bW Yeckd_YWY_ d ieY_Wb ied bW YbWl[ fWhW [cf[pWh W f[diWh [d \kdY_ d Z[ fW i" Z[ eh]Wd_pWY_ d o Z[ ]hkfe" fWhe be YkWb [c# f[pWh[cei feh Z_\kdZ_h lWh_ei YedY[fjei gk[ i[ h[bWY_edWd Yed feb j_YW ieY_Wb Z[iZ[ [b |cX_je [ZkYWj_le Yeckd_YWY_edWb$
ũ #%41(" "ũ)41~"(!
BW I[]kh_ZWZ `kh Z_YW" kde Z[ bei Wif[Yjei c[dei jhWjWZei feh bei `kh_ijWi" [if[Y_Wb# c[dj[ feh bW <_beie\ W Z[b :[h[Y^e$ Iki fheXb[cWi Z[ Z[Òd_Y_ d Z[h_lWd Z[ gk[ [i kde Z[ bei YWcfei ZedZ[ i[ ZWd cWoeh[i i_jkWY_ed[i Z[ WcX_] [ZWZ$ De eXijWdj[ [i# jWi Yk[ij_ed[i" Z_h[cei gk[ ik YedY[fY_ d i[ XWiW [d bW [if[hWdpW e YedÒWdpW Z[ bei Y_kZWZWdei [d bW \kdY_ d ehZ[dWZehW Z[b :[# h[Y^e" feh be gk[ [i d[Y[iWh_e ZWhb[i fhej[Y# Y_ d$ :_Y^W [if[hWdpW de fk[Z[" feh jWdje" gk[ZWh Wb b_Xh[ WbX[Zh e Z[b FeZ[h e Z[ ejhei fWhj_YkbWh[i0 [b :[h[Y^e j_[d[ gk[ [ijWh W Z_ifei_Y_ d Z[ bei Y_kZWZWdei Z[ cWd[hW _d# Yk[ij_edWXb[" i[]khW o de Yece [d [ij[ fW i [b :[h[Y^e o bW `kij_Y_W [ij|d i[Yk[ijhWZei feh bei ]hkfei YehfehWj_lei Z[ _dj[h i [Ye# d c_Ye dWY_edWb [ _dj[hdWY_edWb$ ;d jeZe YWie" bW i[]kh_ZWZ `kh Z_YW de i[ fh[Z_YW Z[b YedeY_c_[dje Z[ bW h[]kbWY_ d Z[ jWb e YkWb dehcW [if[Y ÒYW e Z[ iki Yed# i[Yk[dY_Wi" W jhWl i \kdZWc[djWbc[dj[ Z[ ik fh[l_W fkXb_YWY_ d" i_de" ieXh[ jeZe" feh fh[Y_iWhi[ kdW Xk[dW [ijhkYjkhW Z[b :[h[# Y^e" bW Wki[dY_W Z[ WhX_jhWh_[ZWZ o kd ]hWZe Y_[hje Z[ fh[l_i_X_b_ZWZ" Yed [b Òd `kije Z[ ZWh [iW YedÒWdpW W bei Y_kZWZWdei$ 7 [ije i[ b[ kd[ [b fei[[h kdW Y_[hjW Wk# jedec W" eX`[j_l_ZWZ o hWY_edWb_ZWZ1 [d Z[Òd_j_lW" h[i]kWhZWh [b ehZ[dWc_[dje `kh # Z_Ye Z[ bei Z[\[Yjei Z[ bW ieY_[ZWZ ^kcWdW fh_dY_fWbc[dj[ Z[b WXkie Z[b feZ[h" Wdj[ jWdjei \Wbbei _d `kh Z_Yei" \eh`WZei Z[ `k[# Y[i cfheXei gk[ l[dZ[d [b :[h[Y^e feh kdei YkWdjei Z[dWh_ei$ ũ ũ 4-!(¢-ũ2.!( + <kdY_ d ieY_Wb" [d ik i[dj_Ze c|i [ijh_Yje" fW# f[b gk[ Z[i[cf[ Wd bei _dZ_l_Zkei e ]hkfei [d [b i[de Z[ kdW ieY_[ZWZ$ ;d jeZW Yeb[Yj_l_# ZWZ [n_ij[ bW Z_l_i_ d Z[ \kdY_ed[i [djh[ f[h# iedWi e ]hkfei" Z[ ceZe gk[ YWZW YkWb h[Wb_Y[ kdW Yedjh_XkY_ d [if[Y ÒYW Wb Yed`kdje Z[ bW ieY_[ZWZ$ ;b j hc_de \kdY_ d j_[d[ Z_ij_djei i_]d_# ÒYWZei0 fk[Z[ i[h kj_b_pWZe [d [b i[dj_Ze Z[ [ijWjki" fhe\[i_ d" YWh]e e [cfb[e" Z[# i_]dWdZe [b Yed`kdje Z[ Z[X[h[i o h[ifed# iWX_b_ZWZ[i Z[ kdW f[hiedW1 [i jWcX_ d bW h[bWY_ d gk[ [n_ij[ [djh[ Zei e lWh_ei [b[c[djei" j[d_[dZe [d Yk[djW gk[ jeZe YWcX_e gk[ i[ _djheZkpYW [d kde Z[ [bbei fheleYWh| ceZ_ÒYWY_ed[i [d bei Z[c|i$ BWi [ijhkYjkhWi ieY_Wb[i h[ifedZ[d W kdW \kdY_ d Z[j[hc_dWZW0 bWi [ijhkYjkhWi Z[ ie# Y_Wb_pWY_ d ikh][d feh bW d[Y[i_ZWZ Z[ bW [i# jWX_b_ZWZ dehcWj_lW" bWi [ijhkYjkhWi Z[b Z[# h[Y^e o WfWhWje `kZ_Y_Wb feh bW \kdY_ d Z[ _dj[]hWY_ d" bWi [ijhkYjkhWi feb j_YWi feh bW fhei[YkY_ d Z[ eX`[j_lei o bWi [ijhkYjkhWi [Yed c_YWi feh bW WZWfjWY_ d$
'.04#ĹŠ#-ĹŠ+ ĹŠ - ,#1(! - ĹŠ .13#
.2ĹŠ!.-"4!3.1#2ĹŠ!.-ĹŠ +(#-3.ĹŠ ĹŠ+(!.1ĹŠ$4#1.-ĹŠ2 -!(.- ".2ĹŠ/.104#ĹŠ ĹŠ+ 2ĹŠ Ä‡Ä‡Ä–ÄŒÄŽĹŠ"#ĹŠ 8#1ĹŠ!'.! 1.-ĹŠ+.2ĹŠ5#'~!4+.2ĹŠ04#ĹŠ!.-"4!~ -ĹŠ#-ĹŠ#+ĹŠ2#!3.1ĹŠ"#+ĹŠ #7 .3 "#1.ĹŠ"#ĹŠ 241 ēŊ .2ĹŠ5#'~!4+.2ĹŠ04#ĹŠ/1#2#-3 -ĹŠ"  .2ĹŠ, 3#1( Äą +#2ĹŠ$4#1.-ĹŠ4-ĹŠ31;(+#1ĹŠ8ĹŠ4-ĹŠ 43.,¢5(+Ä“
#1(".2ĹŠ#-ĹŠ!'.04#ĹŠ"#ĹŠ (!(!+#3 ĹŠ8ĹŠ,.3.
3 ,Ĺ‹ Ĺ‹& -ŋÝýĆÿÝŋ (Ĺ‹ &Ĺ‹- .),Ĺ‹ &Ĺ‹* ,+/ ,)Ĺ‹ &Ĺ‹' , )Ĺ‹ Ĺ‹ & 3 Ä…Ĺ‹ &)-Ĺ‹ )( / .), -Ĺ‹ Ĺ‹/( Ĺ‹ # # & . Ĺ‹3Ĺ‹/( Ĺ‹').)Ĺ‹, -/&. ,)(Ĺ‹& 0 ' (. Ĺ‹ " ,# )-Ąŋ )-Ĺ‹ )' ,)-Ĺ‹ . ( # ,)(Ĺ‹ (Ĺ‹ &Ĺ‹&/! ,Ĺ‹ Ĺ‹/(Ĺ‹ )& - (. Ĺ‹ Ĺ‹ ÝÞŋ ˜)-Ĺ‹3Ĺ‹ Ĺ‹/(Ĺ‹")' , Ĺ‹ Ĺ‹Ä Ä€Ĺ‹ ˜)-Ąŋ
ĀĆĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä‚
Ĺ? +. Ĺ? ÄĄ
Ăă
/- )Ĺ‹ &Ĺ‹,) )Ĺ‹ Ĺ‹/( Ĺ‹ )'*/. ), Ĺ‹ / Ĺ‹ . (# )
ĹŠĹŠ
ĹŠ3 1"#ĹŠ"#ĹŠ 8#1ĹŠ #+ĹŠ! ";5#1ĹŠ$4#ĹŠ 1#3(1 ".ĹŠ"#ĹŠ+ ĹŠ ,.1%4#ĹŠ"#+ĹŠ'.2Äą /(3 +ĹŠ -ĹŠ (!#-3#ĹŠ "#ĹŠ ĂŒ+ĹŠ8ĹŠ#+ĹŠ5#+.Äą 1(.ĹŠ+.ĹŠ1# +(9 1~ -ĹŠ #-ĹŠ#+ĹŠ 11(.ĹŠ ".-"#ĹŠ1#2("~ Ä“
ŊěŊ Kd ]hkfe Z[ `ÂŒl[d[i i[ h[kd_[hed fWhW jecWh kdWi ÆY[hl[Y_jWiÇ [d kdW l_l_[dZW Y[hYWdW Wb Yeb_i[e Bk_i B[ehe <hWdYe o [d bW cWZhk]WZW Z[ Wo[h kde Z[ [bbei \k[ Z[j[d_Ze YkWdZe ikfk[ijWc[dj[ i[ bb[# lWXW kdW YecfkjWZehW [d kd YeijWb$ I[]‘d [b fWhj[ feb_Y_Wb" bW YecfkjWZehW \k[ [dYedjhWZW [d feZ[h Z[ Bk_i 7bX[hje H$9$" f[he Wo[h ZkhWdj[ bW WkZ_[dY_W Z[ \ehckbWY_ÂŒd Z[ YWh]ei [b `el[d [d ik j[ij_ced_e Z[jWbbÂŒ ÆOe [ijWXW Yed Zei Wc_]ei" dei jecWcei kdWi Y[hl[Y_jWi o Zei Y^_Yei Z[`Whed XejWdZe kd Yei# jWb [d bW l[h[ZW" dei WY[hYWcei W l[h gkƒ [hW o bb[]Whed bei fe#
b_Y‡Wi o c[ Z[jkl_[hedÇ$ ;b ieif[Y^eie [d\Wj_pÂŒ gk[ de iWX‡W be gk[ Yedj[d‡W [b Yei# jWb o gk[ ƒb de heXÂŒ dWZW$ 7 bW WkZ_[dY_W de WYkZ_ÂŒ d_d]‘d j[ij_]e Z[b ^[Y^e gk[ YedĂ’ hc[ [b j[ij_ced_e Z[b _c# fb_YWZe" Bk_i 7bX[hje H$ 9$" gk_[d de fkZe `kij_Ă’ YWh bW fhe# Y[Z[dY_W Z[b 9FK" ced_jeh o [b ceZ[c Z[ ?dj[hd[j" feh be gk[ h[Y_X_ÂŒ bW ehZ[d Z[ fh_i_ÂŒd fh[# l[dj_lW o \k[ jhWibWZWZe ^WijW [b 9[djhe Z[ H[^WX_b_jWY_ÂŒd Ie# Y_Wb Z[ ?XWhhW$ BW <_iYWb‡W _dl[ij_]W [b YWie fWhW Z[j[hc_dWh i_ [n_ij_ÂŒ e de [b Z[b_je o i_ [b ieif[Y^eie j_[d[ fWhj_Y_fWY_ÂŒd [d [b Z[b_je$
ēŊ .2ĹŠ$ ,(+( 1#2ĹŠ"#ĹŠ 4 -ĹŠ 149ĹŠ"#ĹŠÄ’ÄˆĹŠ  .2ĹŠ"#ĹŠ#" "ĹŠ! 1% -ĹŠ#+ĹŠ$_1#31.ĹŠ!.-ĹŠ242ĹŠ1#23.2ĹŠ,.13 +#2Ä“
)' , Ĺ‹ Ĺ‹ÄƒĂťĹ‹ ˜)-Ĺ‹ '/,#šŋ .,)* && )Ĺ‹ *),Ĺ‹/(Ĺ‹ /-Ĺ‹/, ()
4 -Ŋ 149Ŋ 2/4#+Ŋ2 +(¢Ŋ Ŋ!.,/1 1Ŋ +(Ĺ ,#-3.2Ŋ#-Ŋ#+Ŋ,#1! ".Ŋ , 9.- 2Ŋ8Ŋ-.Ŋ 1#%1#2¢Ŋ Ŋ24Ŋ! 2 Ŋ!.-Ŋ5(" ē ŊěŊCWh‡W >[hc[b_dZW =k[#
hhW" Yed ik XWijÂŒd [d bW cWde bbehWXW bW ck[hj[ Z[ ik [ifeie$ ;bbW h[YehZÂŒ Æ9ece jeZei bei Ze# c_d]ei ƒb Z_`e gk[ i[ _XW W jhW[h bWi Yecfh_jWi fWhW bW i[cWdW$ Oe de be WYecfW‹ƒ fehgk[ h[Y_ƒd iWb‡ Z[b ^eif_jWb" fehgk[ [ijeo [d\[hcW$ Iebe kd Feb_Y‡W c[ [d# jh[]ÂŒ bWi Yecfh_jWi gk[ [b fWZh[ Z[ c_i i[_i ^_`ei ^WX‡W ^[Y^e o c[ Z_`e gk[ [ijWXW ]hWl[ fehgk[ kd Xki b[ ^WX‡W Wjhef[bbWZe [d [b i[Yjeh Z[b c[hYWZeÇ$ ;b ^eo eYY_ie ^WX_jWXW [d [b i[Yjeh Z[ 7pWoW o bW ‘bj_cW l[p gk[ l_e W ik [ifeiW \k[ ZkhWdj[ [b Z[iWokde$ I[]‘d [b _d\ehc[ Z[ bW 9[djhWb Z[ ;c[h][dY_Wi W bWi '&0') [d bW _dj[hi[YY_ÂŒd Z[ bWi YWbb[i EX_ife Ceigk[hW o ;k][d_e ;if[`e" [b Xki d‘c[he +- Z[ bW Yeef[hWj_lW IWd c_]k[b Z[ ?XWhhW Wjhef[bbÂŒ W @kWd 9hkp FWifk[b Z[ /' W‹ei Z[ [ZWZ" gk_[d i[]‘d j[ij_]ei _d# j[djWXW YhkpWh bW YWbb[$
;b WdY_Wd_je fh[i[djWXW \hWY# jkhWi [d iki XhWpei o f_[hdWi o \k[ jhWibWZWZe ^WijW [b ^eif_jWb IWd L_Y[dj[ Z[ FW‘b ZedZ[ \k[ _d]h[iWZe [d j[hWf_W _dj[di_lW o
Zei ^ehWi c|i jWhZ[ \Wbb[Y_Œ$ ;b YedZkYjeh Z[b Xki \k[ fh_# lWZe Z[ ik b_X[hjWZ o [b l[^‡Ykbe f[hcWd[Y[ h[j[d_Ze [d bei fW# j_ei Z[ bW Feb_Y‡W$ Bei \Wc_b_Wh[i Z[ @kWd 9hkp FWifk[b de ^WbbWd Yedik[be fWhW [b Zebeh gk[ b[i eYWi_edŒ ik ck[hj[ o f_Z[d `kij_Y_W W bWi Wkjeh_ZWZ[i$
ēŊ .2ĹŠ$ ,(+( 1#2ĹŠ"#ĹŠ 4 -ĹŠ 149ĹŠ"#ĹŠÄ’ÄˆĹŠ  .2ĹŠ"#ĹŠ#" "ĹŠ! 1% -ĹŠ#+ĹŠ$_1#31.ĹŠ!.-ĹŠ 242ĹŠ1#23.2ĹŠ,.13 +#2Ä“
ēŊ 4(2Ŋ + #13.Ŋ ēŊ ēĔŊ"().Ŋ2#1Ŋ(-.!#-3#Ŋ"#+Ŋ"#+(3.Ŋ"#Ŋ1. .ĔŊ/#1.Ŋ+ 2Ŋ #5("#-!( 2Ŋ+.Ŋ"#+ 3 1.-ē
,, -*)(- #&# Ĺ‹ (Ĺ‹& -Ĺ‹0v -Ĺ‹ )(.#(/ Ĺ‹ LWh_ei YedZkYjeh[i iWdY_edW# Zei feh bb[lWh fWiW`[hei [d bei XWbZ[i Z[ bWi YWc_ed[jWi o feh _dYkcfb_h ejhWi dehcWi l_W# b[i$ 7o[h Z[iZ[ bWi ''0&&" c|i Z[ (& feb_Y‡Wi Z[ Z_\[h[dj[i i[hl_# Y_ei" h[Wb_pWhed kd ef[hWj_le Z[ Yedjheb [d bWi W\k[hWi Z[ bW j[hc_dWb j[hh[ijh[" 7bb‡ lWh_ei YedZkYjeh[i \k[hed iWdY_e# dWZei feh jhWibWZWh [nY[ie Z[ fWiW`[hei" l_Zh_ei febWh_pWZei o feh de kj_b_pWh [b Y_djkhÂŒd Z[ i[]kh_ZWZ$ ;b cWoeh Z[ Feb_Y‡W" 7b[n H[_dW [nfb_YÂŒ gk[ bei ef[hWj_# lei bei h[Wb_pWd f[hcWd[dj[# c[dj[" f[he gk[ [d [ijW eYWi_ÂŒd [d c[dei Z[ Y_dYe c_dkjei jh[i YedZkYjeh[i \k[hed iWdY_e# dWZei fehgk[ [d bei XWbZ[i Z[ bWi YWc_ed[jWi gk[ YedZkY‡Wd jhWdifehjWXWd f[hiedWi" be YkWb [ij| fhe^_X_Ze feh bW B[o$ Bei _d\hWYjeh[i j_[d[d gk[
YWdY[bWh kdW ckbjW o b[i h[Zk# `[hed kd fkdje o c[Z_e [d ik b_Y[dY_W Z[ YedZkY_h$ ;b eX`[j_le Z[ bei Yedjhe# b[i [i ]WhWdj_pWh [b X_[d[ijWh o i[]kh_ZWZ Z[ bW Y_kZWZWd‡W$ ;i feh [ie gk[ bei feb_Y‡Wi h[# l_iWd gk[ [d bei l[^‡Ykbei de i[Wd jhWdifehjWZWi ikijWdY_Wi [ijkf[\WY_[dj[i" d_ WhcWi o gk[ bei Xki[i de Y_hYkb[d Yed [nY[# ie Z[ fWiW`[hei o gk[ [ijƒd [d Xk[d [ijWZe$
ŏ ŏ
ŏ
Ďć!
ũćĎũ ũ ũĉćĈĉ
, 41 Ĕũ 1!'(
(-!+ēũ
Čćũ :
ũ ũ ũ ¡ #(- ũ"#+ũ "#/.13#ũ 11( +
(2'#++#ũ -ı 1~04#9Ĕũũ"#ũ+ ũ (% ũ .13#Ĕũ#2ũ+ ũ1#(- ũ "#+ũ"#/.13#ũ 11( +ũ 8ũ/ 11.04( +ēũ 4#ũ #+#!3 ũ#+ũ2; ".ũ #-ũ+ ũ2#"#ũ"#+ũ .ı +#%(.ũ"#ũ 104(3#!ı 3.2ũ"#+ũ 1!'(ē ;%(- ũ ĈĎ
4 -ũ 149ũ 2/4#+ũ"#ũĒĈũ .2ũ"#ũ#" "ũ,41(¢ũ+4#%.ũ"#ũ2#1ũ 31./#++ ".ũ/.1ũ4-ũ 42ũ41 -.ēũ +ũ'#!'.ũ2#ũ1#%(231¢ũ 8#1ũ#-ũ #+ũ,#1! ".ũ , 9.- 2ēũũũ ;%(- ũ ĉĊ
#ũ!.11(#1.-ũĈć ũ#-ũ+ ũĉ" ũ "(!(¢-ũ
.-ũ5(3 +(" "ũ8ũ#-342( 2,.ũũ+.2ũ/ 13(!(/ -3#2ũ"#ũ+ ũĈć ēũ !4,/+(#1.-ũ!.-ũ+ ũ/14# ũ"#2 11.++ " ũ#23#ũ".,(-%.ũ#-ũ 34-3 04(ēũČććũ 3+#3 2ũ2#ũ"(#1.-ũ!(3 ũ ũ+ ũ #%4-" ũ "(!(¢-ũ #"#231#ēũ -ũ.3 5 +# .ũ8ũ4-ũ! 1!'#-2#ũ++#% 1.-ũ#-ũ+.2ũ /1(,#1.2ũ+4% 1#2ēũ : ũ ĈĊ
Ğ .3.2ũ#7!+42(5 2ĝũũũ
.1ũ+.2ũĎćũ .2ũ"#ũ+.2ũ .++(-%ũ 3.-#2ēũ : ũ Ĉć
.-31.+ -ũ 5#-3 ũ"#ũ "1.% -ũ 4+!;-ũ+ ũ .+(!~ ũ -3(- 1!¢3(!.2ũ$.1ı 3 +#!#ũ+.2ũ!.-31.+#2ũ !.-31 ũ+.2ũ#7/#-"ı #".1#2ũ"#ũ"1.% Ĕũ #2/#!( +,#-3#ũ, 1(ı '4 - ũ8ũ!.! ~- ē +ũăũ-ũ#2ũ"#2, -3#ı + 1ũ ũ+.2ũ/#04# .2ũ 5#-"#".1#2ũ04#ũ 23#!#-ũ"#ũ242ı 3 -!( 2ũ#234/#$ !(ı #-3#2ũ ũ+ ũ/. + !(¢-ũ )45#-(+ē
;%(- ũ ĈĒ