Issuu on Google+


/HWWHUIURPWKH3UHVLGHQW

$

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

(O&DEDOOR(VSDxRO


/(77(5)5207+(35(6,'(17  1(:6 5(3257 

(/&$%$//2(63$f2/ 7KH35(PDJD]LQHVLQFH

sum m a ry

 385(%5('63$1,6+0$5(6$77+(52<$/ 0252&&$1678')$50,17(728$1 ,QPDFXODGD5RGUtJXH]



7+()2580

35(6(17,1*35(+256(6 (PLOLR&DUR &21)250$7,212)7+(63$1,6++256( )UDQFLVFR3HxD

$1&&(5(32576  35(+,6725< 

$6+,30(172)35(+256(6)520&25'2%$72.,1* &+$5/(6,92)63$,1 -XDQ&DUORV$OWDPLUDQR



678')$50 3XEOLFLW\5HSRUW 



'5(66$*(

<(*8$'$9,//$*(/< &2//(&7,21 -RVp$)GH]/LQHURV



$1&&(7($0



'5,9,1*



$/7$(6&8(/$



(48(675,$175$'(6



    

,QPDFXODGD5RGUtJXH] 7+(&$%3+$(721 0,/25'

-RVp-XDQ0RUDOHV)HUQiQGH]\-RVp9DUR*DUULGR 75$',7,21 -RVp$)GH]/LQHURV

-8$1*$5=Ð1(6&2%$ $1$785(6(59,1*7($067(5 0DUtD6iH]GH3URSLRV

'$,/<9(7(5,1$5<35$&7,&(

(48,1(5(+$%,/,7$7,21 $OHMDQGUR&DUORV*XJOLHOPLQHWWL\0DUWD*DUFtD3LTXHUHV

1$7,21$/$662&,$7,216 ,17(51$7,21$/$662&,$7,216 $5&+,9(6 &203(7,7,216&$/(1'$5 /,672)$1&&(%5(('(56

(GLWHGE\$VRFLDFLyQ1DFLRQDOGH &ULDGRUHVGH&DEDOORVGH3XUD5D]D (VSDxROD $1&&(

&RUWLMRGH&XDUWR 9LHMR

6(9,//$ 7HOHSKRQH )D[ ZZZDQFFHFRP UHYLVWD#DQFFHFRP (GLWRULQ&KLHI -DYLHU&RQGH&HUUDWR (GLWRULDO&RPPLWWHH &RPLVLyQGH&RPXQLFDFLyQ GHOD$1&&( (GLWRU ,QPDFXODGD5RGUtJXH] SUHQVD#DQFFHFRP 3XEOLFLW\ $OHMDQGUR6iQFKH]  FRPHUFLDO#DQFFHFRP 3KRWRV %RE/DQJULVK5DIDHO/HPRV\&DUORV 1~QH] 'HVLJQDQG6HWXS (GLWRULDO0DUDWDQLD ZZZPDUDWDQLDHV PDUDWDQLD#PDUDWDQLDHV 7UDQVODWLRQV <UHYD$UREHG6/ WUDGXFFLRQHV#\UHYDDUREHGFRP 3KRWRPHFKDQLFVDQG3ULQWLQJ -GH+DUR$UWHV*UiILFDV6/ ZZZMGHKDURFRP MGHKDUR#MGHKDURFRP ,661  /HJDO5HJLVWUDWLRQ&RGH 6( ‹$OOULJKWVUHVHUYHG1RSDUWRIWKLVPDJD]LQH LQFOXGLQJLWVFRQWHQWVWH[WVJUDSKLFVDQG SKRWRJUDSKVZKHWKHULQ(QJOLVKRU6SDQLVK PD\EHUHSURGXFHGE\DQ\PHDQVZLWKRXW VSHFLILFZULWWHQSHUPLVVLRQIURPWKHSXEOLVKHUV (O&DEDOOR(VSDxROLVQRWUHVSRQVLEOHIRUWKH RSLQLRQVH[SUHVVHGE\LWVFROODERUDWRUVLQWKH DUWLFOHVSXEOLVKHG

$VRFLDFLyQ1DFLRQDOGH&ULDGRUHVGH&DEDOORVGH3XUD5D]D(VSDxROD

&RYHU3DJH<HJXDGD7RPDV 2VERUQH 3KRWR%RE/DQJULVK

$1&&(



ZZZDQFFHFRP


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³$FRVR\'HUULER´ZRXOGQRORQJHUEHDVSRUWXQGHU WKHMXULVGLFWLRQRIWKHVDLG)HGHUDWLRQ 5)+( 5R\DO(TXHVWULDQ)HGHUDWLRQRI6SDLQ

67,17(51$7,21$/)2580 21(48,1(352027,21

35(6(17$7,212)7+(7523+,(6)25 7+(:25/'(48(675,$1*$0(6

7KH VSHFLDOL]HG RQOLQH HTXHVWULDQ PDVV PHGLD² +LSLFDSUHVVFRP DQG 5DGLRKLSLFDFRP²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

,QVSLUHGE\WKHEHDXW\RIWKHKRUVHDQGE\WKH .HQWXFN\EOXHJUDVVODQGVFDSHWKHFRPSDQ\ 0RVHU &U\VWDO²PDQXIDFWXUHV LQ WKH &]HFK 5HSXEOLF VLQFH ²KDYH FUHDWHG WKH WURSKLHVDQGWKHPHGDOVWKDWZLOOEHDZDUGHG WR WKH FKDPSLRQV DW WKHVH :RUOG (TXHVWULDQ *DPHV 9DOXHG DW  WKH\ DUH WUXH ZRUNVRIDUW

$1&&(



ZZZDQFFHFRP


+256(6 3,&$662 )URP WKH WK RI 0D\ WR WKH WK RI 6HSWHPEHU WKH 3LFDVVR 0XVHXP LQ 0DODJDLVKRVWLQJDQLQQRYDWLYHH[KL ELWLRQ DERXW WKH LPSRUWDQFH RI KRUVHV LQ3LFDVVR¶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

5(&200(1'$7,21%<7+( )(,'5(66$*(&200,77((72 :($5$+$7

2ELWXDU\ (XJHQLR'tD]9LJLO/HYHOVSRUWVWHFKQLFLDQDQG-XGJH IRU D QXPEHU RI GLVFLSOLQHV &KLHI 6WHZDUG DQG PHP EHU RI WKH $QGDOXVLDQ (TXHVWULDQ )HGHUDWLRQ (GXFDWLRQ &RPPLVVLRQ SDVVHG DZD\ WKLV ODVW -XQH +H LV D PDMRU ORVVIRUWKH)HGHUDWLRQDVKHZDVZRUNHGKDQGLQKDQGZLWK WKHPIRUDQXPEHURI\HDUV2QEHKDOIRIWKLV$VVRFLDWLRQ ZHZRXOGOLNHWRRIIHURXUKHDWIHOWV\PSDWK\WRWKHIDPLO\

7KH5R\DO(TXHVWULDQ)HGHUDWLRQRI6SDLQ KDV HFKRHG WKH UHFRPPHQGDWLRQ IRU WKH XVHRIKHOPHWVPDGHE\WKH)(,'UHVVDJH &RPPLWWHH $FFRUGLQJ WR D UHSRUW IURP WKH )(, 'UHVVDJH 'HSDUWPHQW DQG DV D FRQVHTXHQFHRIWKHLUZRUNZLWKWKHDFFLGHQW RIWKH$PHULFDQULGHU&RXUWQH\.LQJ'\H WKHDIRUHPHQWLRQHG&RPPLWWHHLQVLVWVDQG VWURQJO\ UHFRPPHQGV WKH LPSRUWDQFH RI EHLQJSURWHFWHGZLWKDVDIHW\KHOPHWZKLOH WUDLQLQJDQGSULRUWRFRPSHWLWLRQV

7KH6SDQLVKHTXHVWULDQZRUOGLVPRXUQLQJWKHORVVRI35( EUHHGHU-XOLR+HUQiQGH]RZQHUDQGSURPRWHURI<HJXDGD 6DQ-RVp+HZRUNHGWLUHOHVVO\WRPDNHWKLVULGLQJFHQWHUD SRLQWRIUHIHUHQFHIRU'UHVVDJHLQ6SDLQ+HGHSDUWHGWKLV OLIHLQ0DGULGWKLVSDVWPRQWKRI-XO\ +H LV D JUHDW ORVV DV D KRUVH HQWKXVLDVW DQG D SHUVRQ ZKR ORYHG 6SDQLVK +RUVHV  $1&&( H[SUHVVHV WKHLU FRQGROHQFHVWRWKHIDPLO\RI-XOLR+HUQiQGH] 5HVWLQ3HDFH


5HSRUW Purebred Spanish Mares at the Royal Moroccan Stud Farm in Tetouan E\,QPDFXODGD5RGUtJXH]

Since the creation of the YGR, PRE mares have occupied a preponderant place in the equine livestock The stud farm has acquired PRE mares to cross them with English Thoroughbred and AngloArab stallions. The idea was to produce an Anglo-HispanoArab horse, but at the moment they are studying the possibility of producing PRE horses with those mares due to the satisfaction with the foals produced by the Spanish mares 0DLQHQWU\WRWKH 7HWRXDQ0RVTXH 3KRWRE\5RVLQ WKHPDJD]LQH $IULFDGDWHG $SULO

$1&&(



ZZZDQFFHFRP


The Zouada Stud Farm was founded at the beginning of the 20th Century to breed and supply the army with horses. After recovering the facilities at the onset of the independence (1956), the now deceased King Hassan II, decided to establish a Royal Stud Farm there a year later. The assigned mission was to create a breed destined, above all, to the various competitive competitions. Arab mares were covered by Spanish stallions, thus fulfilling the needs of the cavalry. In 1991, this first Royal Stud Farm was integrated to the Unit and adopted the name of â&#x20AC;&#x153;Royal Guard Stud Farmâ&#x20AC;? or YGR

&

XUUHQWO\ WKH <*5 KDV 6SDQLVKPDUHVWREHSDLUHG ZLWK(QJOLVK7KRURXJKEUHG DQG $QJOR$UDE VWDOOLRQV IROORZ LQJDVSHFLILFEUHHGLQJSURJUDPWR SURGXFH DQ $QJOR+LVSDQR$UDE KRUVH ZLWK SRWHQWLDO IRU DWKOHWLF FRPSHWLWLRQV ,Q DGGLWLRQ %HUEHU $UDE%HUEHU DQG $SSDORRVDV DUH DOVR EUHG IRU WKH 5R\DO *XDUG +RQRU 6TXDGURQV 1HYHUWKHOHVV WKHPDLQREMHFWLYHLVWRSURGXFHD 0RURFFDQVSRUWKRUVHDEOHWRVXF FHVVIXOO\ FRPSHWH RQ WKH QDWLRQDO DQGLQWHUQDWLRQDOVFHQH 7KLV 8QLW IXOILOOV LWV PLVVLRQ WR EUHHG KRUVHV ZKLOH JXDUDQ WHHLQJ DW DOO WLPHV WKH VXSSO\ RI

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

(O&DEDOOR(VSDxRO


The YGR is considering the creation of a national PRE development platform in an effort cover the demand in Africa

Due to the qualities of this breed, it is making a name for itself in Dressage and Carriage Driving

DUHQD IRU GUHVVDJH WKDW FRPSOLHV ZLWK DOO WKH LQWHUQDWLRQDO UHJXOD WLRQV D VKRZ MXPSLQJ DUHQD DQG D KRWHO VWUXFWXUH ZLWK DOO WKH QHF HVVDU\ GHSHQGHQFLHV 0RVW RI WKH EUHHGLQJ DFWLYLWLHV WDNH SODFH LQ =RXDGD D KHFWDUH  DFUHV  HVWDWH ORFDWHG HLJKWHHQ NLORPH WHUV IURP 7HWRXDQ 7KLV LQFOXGHV DQ HTXLQH EUHHGLQJ FHQWHU VWD EOHV DQG DPSOH SDVWXUH JURXQGV 2QFHZHDQHGFROWVDUHVHQWWRWKH ³%RXJGRXU´ IDUP DERXW WKLUW\ NL ORPHWHUV  PLOHV  IURP 7DQJLHU ZKLOH WKH ILOOLHV DIWHU VL[ PRQWKV RI DJH UHPDLQ LQ =RXDGD $W WKH

$1&&(



DJHRIWKUHHFROWVEHJLQWKHLULQL WLDOWUDLQLQJSULRUWRVHQGLQJWKHP WR WKH 5R\DO *XDUG FRPSHWLWLRQ 6TXDGURQ LQ 5DEDW 7KHUH WKH\ DUHWUDLQHGDQGXVHGGHSHQGLQJRQ WKHLUEUHHGDQGSRWHQWLDO ,Q UHFHQW \HDUV WKH <*5 KDV DFTXLUHG35(PDUHVWRFURVVWKHP ZLWK (QJOLVK 7KRURXJKEUHG DQG $QJOR$UDE VWDOOLRQV 7KH LGHD ZDVWRSURGXFHDQ$QJOR+LVSDQR $UDE KRUVH EXW DW WKH PRPHQW WKH\ DUH VWXG\LQJ WKH SRVVLELOLW\ RI SURGXFLQJ 35( KRUVHV ZLWK WKRVH PDUHV HLWKHU E\ PHDQV RI DFTXLULQJ 35( VWDOOLRQV RU E\

XVLQJ DUWLILFLDO LQVHPLQDWLRQ ZLWK IUR]HQVHPHQ7KLVFKDQJHRISDFH LV GXH WR WKH VDWLVIDFWLRQ ZLWK WKH IRDOV SURGXFHG E\ WKH 6SDQLVK PDUHV 7KH VWDUWLQJ SRLQW WR SURGXFH DQ $QJOR+LVSDQR$UDE KRUVH KDV DOZD\V EHHQ WKH 35( FURVVLQJ LW ZLWK $QJOR$UDE RU (QJOLVKWKRURXJKEUHGVWDOOLRQV 7KH<*5KDVDODUJHZRUNIRUFH LQFOXGLQJ YHWHULQDULDQV ULGHUV JURRPVHWF$OORIWKHVHDUHTXDO LILHG ZLWK D VROLG EDVLF WUDLQLQJ LQ DOO WKH DUHDV OLQNHG WR HTXLQH EUHHGLQJ 0RUHRYHU WKHUH DUH SH ULRGLF DQG FRQWLQXRXV WUDLQLQJ

ZZZDQFFHFRP


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

GHYHORSPHQW SODWIRUP LQ DQ HI IRUW FRYHU WKH GHPDQG LQ $IULFD 7R IXOILOO WKLV SXUSRVH WUXH FRO ODERUDWLRQ EDVHG RQ WKH VKDULQJ RI NQRZKRZ EHWZHHQ 0RURFFR DQG6SDLQLVHVVHQWLDO,QDGGLWLRQ WKLVFROODERUDWLRQFDQFRQWULEXWHWR LPSURYLQJ DQG RSWLPL]LQJ WKHVH KRUVHV$WDIXWXUHGDWHWKHVHDUFK IRU D QHZ W\SH RI KRUVH E\ FURVV LQJ0RURFFDQDQG6SDQLVK+RUVHV FRXOGOHDGWRKRUVHPRGHOVWKDWDUH VXLWDEOHIRUWKHYDULRXVFRPSHWLWLYH VSRUWV

Due to the various equestrian shows organized by the YGR, both the professionals and the general public have marveled the beauty and qualities of the PRE

(O&DEDOOR(VSDxRO


7KH)RUXP 





35(6(17,1*35(+256(6

7KHWDVWHIRU7UDGLWLRQ

$1&&(



E\(PLOLR&DUR

(TXLQH%UHHGLQJ6SHFLDOLVW

ZZZDQFFHFRP


With the right showcase, any product can look nice, but if the product is part of a well planned exhibit that is in harmony with the surroundings and if care is given to demonstrate the qualities of the product while respecting traditions, then that same product appears to be even more impressive. We must not forget these key aspects when presenting our PRE horses. In this day and age when anything and everything goes in an effort to sell, what is authentic must be retained as it is. Identity must not be forsaken in favor of a game of eccentricity and unorthodox methods, where the context prevails over content with the product becoming secondary.

)

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

LODU WR LWV QDWXUDO KDELWDW ZKLFK LV WKH FRXQWU\VLGH  7KHUHIRUH LW VKLQHV EHVW LQ RSHQ VSDFHV DQG DZD\IURPWKHQRLVHRIWKHFURZG DQG SOD\ RI OLJKWV DQG FRORUV WKDW RYHUVKDGRZV LV VWDUGRP DQG GLV WUDFWVLWVSHUIRUPDQFH "We must necessarily prepare horses to comply with breed identity, while respecting and transferring this world of consolidated tradition and customs to the exhibition arenas" We must safeguard the characteristic attire and decorations of our ancestors without falling to temptation and using garments from other customs and places that have nothing to do with the PRE

,Q DQ\ FDVH WLPHV FKDQJH DV GRWKHZD\RXUKRUVHVDUHVKRZQ &RPSHWLWLRQV DUH SUROLIHUDWLQJ WKURXJKRXWWKHFRXQWU\ZLWKHYHQW LQHYHU\FLW\ZKHUHZHFDQDGPLUH DQGFRPSDUHKRUVHVIURPGLIIHUHQW VWXGIDUPVDWDVLQJOHORFDWLRQDQG DW WKH VDPH WLPH 7KLV PHDQV ZH JR WR WKH FRXQWU\ OHVV DQG OHVV WR FRQWHPSODWHWKHKRUVHVLQWKHLUGDL O\HQYLURQPHQW 8QGRXEWHGO\ ZH PXVW QHFHV VDULO\ DGDSW WR WKH WLPHV EXW LW LV

YLWDOO\LPSRUWDQWWRPDLQWDLQEUHHG LGHQWLW\ZKLOHUHVSHFWLQJDQGWUDQV IHUULQJ WKLV ZRUOG RI FRQVROLGDWHG WUDGLWLRQDQGFXVWRPVWRWKHH[KL ELWLRQDUHQDV7KXVZHPXVWLQVLVW XSRQ³SUHSDULQJ´KRUVHVIRUWKHVH FRPSHWLWLRQVDVGLGRXUDQFHVWRUV UHVSHFWLQJ WKH ZD\ WKH\ KRJJHG WKH \RXQJVWHUV DQG PDUHV DFFRUG LQJ WR WKHLU DJH SUHVHQWLQJ WKH VWDOOLRQVQDWXUDOO\ZLWKORQJVKLQ LQJ DQG UDGLDQW PDQHV DQG WDLOV WR EH SUHFLVH VKRZLQJ WKH KRUVHV DWWKHLUYHU\EHVW,WLVHTXDOO\HV VHQWLDOWKDWZHFRQWLQXHWRKDUQHVV 35(V ZLWK WKH KDUQHVV DQG WUDS SLQJVXVHGWKURXJKRXWKLVWRU\DQG WKDW DUH FRQVLGHUHG FKDUDFWHULVWLF IRU WKH EUHHG &RQVHTXHQWO\ ZH PXVW DYRLG ³GUHVVLQJ´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

(O&DEDOOR(VSDxRO


&21)250$7,212)7+(63$1,6++256( E\)UDQFLVFR3HxD

The Spanish Horseâ&#x20AC;&#x201D;considered the oldest as well as the best known breed on the Iberian Peninsulaâ&#x20AC;&#x201D;represents more than 68% of the Spanish equine census, with a remarkable tendency to increase its numbers. It is a saddle horse that has been bred for Dressage since the 15th century, thanks to its great easiness to train, its temperance and the elegance of its movements. In competitive sports, which are greatly inďŹ&#x201A;uenced by the conformation standards and movements of Central European breeds, it is acquiring remarkable relevance. 'RPLQDQWH;;,94XDOLĂ&#x20AC;HG%UHHGHURZQHGE\'HKHVD/D*UDQMD

$1&&(



3KRWR%RE/DQJULVK

ZZZDQFFHFRP


7

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³LQEUHHGLQJ´ WR D ZLGH H[WHQW 3URJUDP 2UGHU $3$  FHQWXU\ KDYHFRQWULEXWHGPRVWWR DOWKRXJK WKH DSSHDUDQFH RI LQFOXGHV FRQIRUPDWLRQ IXQFWLRQDO WKH EUHHG ZKLOH DW WKH VDPH WLPH FRQJHQLWDO GHIHFWV DQG WKH DQGUHSURGXFWLYHFKDUDFWHULVWLFVDQG EHLQJWKHKRUVHVKDYHJLYHQULVHWR QHJDWLYH HIIHFW RQ FHUWDLQ LWVPDLQREMHFWLYHVLQFOXGH ,PSURYLQJPRUSKRORJLFDO DSRSXODWLRQVWUXFWXUHWKDWH[SODLQV ]RRPHWULFDO YDULDEOHV OHG WR FKDUDFWHULVWLFVDFFRUGLQJ WKHFRQVDQJXLQLW\H[LVWHQW ZLWKLQWKHEUHHG It could be said that in the population WRWKHHVWDEOLVKHGEUHHG SDWWHUQ &RQIRUPDWLRQ XVHG DV of the PRE offers two horse types ,PSURYLQJWKH DKHDOWKDQGSHUIRUPDQFH defined as being based on “beauty or IXQFWLRQDOFRQIRUPDWLRQ LQGLFDWRU IRU FHQWXULHV exhibition” and for “competition”, RIWKHKRUVHV GHVFULEHV WKH VWUXFWXUH although there is still no net ,PSURYLQJWKH DQGVLOKRXHWWHRIDKRUVH IXQFWLRQDOSRWHQWLDOLQ FKDUDFWHULVWLFV RU FRQIRU boundaries of both types WKHGLIIHUHQWFRPSHWLWLYH PDWLRQ IHDWXUHV LQFOXGH GLVFLSOLQHV OHQJWKV SHULPHWHUV DQ 0DLQWDLQLQJDQG JXODWLRQVDVZHOODVRWKHU LPSURYLQJEHKDYLRUDO IDFWRUV RI WKH PDLQ ERQ\ FKDUDFWHULVWLFV DQGVWUXFWXUDOUDGLXVHVRI $VDUHVXOWRIWKHDERYH WKHKRUVH7KHVHSDUDPH LWFRXOGEHVDLGWKDWLQWKH WHUVDUHXVXDOO\PHDVXUHG SRSXODWLRQ RI WKH 35( RQ WKH KRUVH LWVHOI RU E\ RIIHUVWZRKRUVHW\SHVGH PHDQV RI LPDJHV 7KH ILQHG DV EHLQJ EDVHG RQ LPSRUWDQFH RI VXFK SD ³EHDXW\ RU H[KLELWLRQ´ UDPHWHUV LV JUHDWHU WKDQ DQG IRU ³FRPSHWLWLRQ´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

(O&DEDOOR(VSDxRO


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³EHDXW\´ZKLOHLQWKRVH RI³VSRUWV´DUHODWLYHLQFUHDVHKDV WDNHQ SODFH LQ WKH OHQJWK RI WKH

$1&&(



The studies on zoometrics in the PRE demonstrate a favorable development of the wither height, the head and a proportional increase in the longitudinal diameter $1&&(&D]XUUR,,ULGGHQE\$JXVWt(OtDVGXULQJWKH:RUOG&KDPSLRQVKLSDW 9HUGHQLVRZQHGE\&DQ&DYDOOHUDQGZDVEUHGE\<HJXDGD0DULQ*DUFLD

OLPEV 2Q WKH ZKROH WKH JHQHU DO LQFUHDVH RI WKH ERG\ PDVV DQG YROXPHRIWKHKRUVHVPHDQVWKDWDW ILUVWVLJKWWKH\DSSHDUWREH³FORVHU WRWKHJURXQG´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

ZZZDQFFHFRP


WKH PRYHPHQW DQGDSWLWXGHRIWKH EUHHG 5HJDUGLQJWKHVHLWLVVDLGDQG, EHOLHYHLWLVWUXHWKDWWKH\DUHORVLQJ ³EUHHGLGHQWLW\´7KHFKDQJHLQWKH VWUXFWXUH RI FHUWDLQ ERG\ DUHDV QHFN VKRXOGHU FURXS  LQIOXHQFHV WKH OHQJWK RI VWULGH FDGHQFH DQG HOHYDWLRQ WHQGLQJ WRZDUGV WKH SDFHV RI WKH &HQWUDO (XURSHDQ VSRUW EUHHGV DQG PRYLQJ DZD\ IURP WKDW ZKLFK ZDV WUDGLWLRQDOO\ VHHQLQWKH35( ( TX D O O\  D QG L Q JH QH U D O WKHUH KDV EHHQ D GHFUHDVH LQ WKH SHUFHQWDJH DQG GHJUHH RI WKH PRVW FRPPRQ FRQIRUPDWLRQ DQG OLPE DOLJQPHQW GHIHFWV $OWKRXJK ZH QHHG QRW ORZHUHG WKH JXDUG LQ WKLV DUHD WKHUH LV PDMRU URRP

A competition horse must reach the height of 1.60 - 1.65 cm at the withers, which must be more outstanding and longer, the back more muscled, the loin shorter, the croup longer and less sloped, the canon bone shorter and the angles between the main bone radius more open IRU LPSURYHPHQW LI ZH ZDQW WKH 3XUHEUHG 6SDQLVK +RUVH WR UHDFK VLPLODU EHQFKPDUNV DV GR RWKHU FRPSHWLWLRQKRUVHEUHHGV ,IZHZDQWWRNQRZZKHUHWRDLP WKHVHOHFWLRQRIRXUKRUVHVZHPXVW NQRZH[DFWO\ZKDWZHDUHORRNLQJ

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


$1&&(5HSRUWV 7+($1&&(:(%6,7(6(//6+256(6 8VHWKH´+RUVHVIRUVDOH¾RSWLRQ VWDWLVWLFVVSHDNIRUWKHPVHOYHV

Since 2006, the ANCCE web site, www.ancce. com, offers a section to sell horses. The objective of this option is to offer all ANCCE Breeders and Members with an exclusive service. The horses for sales service on the ANCCE web-site (www.ancce.com) is free of charge for all members. In addition to being a 24/7 showcase to the world, it really does sell horses. Potential buyers can locate a horse based on the name of the stud farm, province, age, coat color, or training and then contact the breeder by e-mail. Members wishing to use this service must complete a technical information sheet, which can be requested from the ANCCE press ofďŹ ce. Then, include a maximum of four (4) photographs per horse and/or one (1) video, as would be the case.

$ WRWDO RI  YLVLWRUV KDYH DOUHDG\ FRQVXOWHG WKLV VDOHV¶ VHFWLRQ  7KHUH KDYH EHHQ DQ DYHUDJH RI  KLWV SHU PRQWK DQG IURP FRXQWULHV VXFK DV 6SDLQ 0H[LFR *HUPDQ\ *UHHFH 86$ $UJHQWLQD &RVWD 5LFD DQG $XVWUDOLD +RUVHV EHLQJ DGYHUWLVHG UHFHLYHG DQ DYHUDJH RI  KLWV DQG EUHHGHUV ZHUH VHQWTXHULHVIURPSRWHQWLDOSXUFKDVHUV $ODUJHQXPEHURIVWXGIDUPVDUHDOUHDG\WDNLQJ DGYDQWDJHRIWKLVVHFWLRQ$IHZH[DPSOHVLQFOXGH'tD] 1DYDUURDQG$UUR\R35(ZKRZHKDYHLQWHUYLHZHG LQVHDUFKRIWKHLURSLQLRQ2WKHUVWXGIDUPVLQFOXGH HO 3DOPHUDO <HJXDGD &DUWKDJR DQG 7RUUHKHUPRVD 7KHUHIRUHZHZRXOGOLNHWRHQFRXUDJHRWKHUEUHHGHU PHPEHUVWRVHQGXVGHWDLOHGLQIRUPDWLRQDERXWWKHLU KRUVHV LQ DQ HIIRUW WR WDNH DGYDQWDJH RI WKLV VLPSOH VDOHVWRRO :KDW GR \RX WKLQN RI KDYLQJ D ³KRUVHV IRU VDOH´ VHFWLRQRQWKHZHEVLWHZKHUHEUHHGHUVFDQXVHWKLV WRRODVDVKRZFDVH" 0LJXHO$UUR\R,QGHSHQGHQWO\RIWKHSRVVLELOLWLHV HDFKEUHHGHUKDVWRSURPRWHWKHLUKRUVHVIRUVDOHWKH $VVRFLDWLRQZHEVLWHRIIHUV\RXDQRWKHULQWHUQDWLRQDO GLPHQVLRQRUDWHYHQWVDWZKHUH$1&&(SDUWLFLSDWHV DOWKRXJKLQP\FDVH,KDYHUHFHLYHGPRUHTXHULHVDQG YLVLWVWRP\RZQZHEVLWH+RZHYHULWPXVWEHVDLG WKDWHYHU\WKLQJZHGRDPRXQWVWRYHU\OLWWOHDQGLWLV FHUWDLQO\WUXHWKDWWKHVHVPDOOWKLQJVKHOSE\JLYLQJ WKHEUHHGHUDQRWKHUSURMHFWLRQ -XDQ 'tD] 1DYDUUR , IHHO WKDW LW LV D QHFHVVDU\ LQLWLDWLYHLQVXFKDGLIILFXOWPDUNHWDVLVWKHFXUUHQW KRUVH LQGXVWU\  :H KDYH WR WDNH DGYDQWDJH RI DOO DYDLODEOH PHDQV DQG WKH ,QWHUQHW LV DW SUHVHQW WKH EHVW +DYH\RXIRXQGLWXVHIXO" 0LJXHO$UUR\R$OWKRXJK,KDYHQRWVWLOOVROGDQ\ KRUVHV\HVLWKDVEHHQXVHIXODV,KDYHEHHQDEOHWR DGYHUWLVHP\KRUVHV -XDQ'tD]1DYDUUR,QRXUFDVHZHFRXOGVD\WKDW \HVEHFDXVHZHKDYHUHFHLYHGTXHULHVWKDQNVWRRXU

(O&DEDOOR(VSDxRO


DSSHDUDQFHRQWKH$1&&(ZHEVLWHDOWKRXJKLWLVWUXHWKDW, KDYHWRVD\WKDWQRTXHU\KDV\HWUHVXOWHGLQDVDOH :DV WKH SURFHVV FRPSOH[ IURP WKH WLPH \RX GHFLGHG WR RIIHUVRPHRI\RXUKRUVHVRQVDOHXQWLOWKH\KDYHEHFRPH SXEOLFRQWKHZHEVLWH" 0LJXHO$UUR\R1RMXVWWKHRSSRVLWHHYHU\WLPHWKDW, KDYHXVHGWKLVV\VWHPLWKDVDOOUXQYHU\TXLFNO\ -XDQ't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¶V1DWLRQDO35(%UHHGHUV¶$VVRFLDWLRQVRZKDWEHWWHU SODFHFRXOGWKHUHEHWRLQTXLUH" -XDQ 't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tD]1DYDUUR7KHVHGD\VDQ\RQHZKRLVQRWRQ ,QWHUQHWLVSUDFWLFDOO\LQH[LVWHQWIRUWKHZRUOG7KHUHIRUHLW LVQHFHVVDU\WRPDNHDQHIIRUWDQGWRWU\WRWDNHWKDWOHDS DOVRWKDWPHQWDOLW\7KHSUREOHPLVWKDWZHQHHGQRWRQO\ DSSHDURQWKH,QWHUQHWEXWZHQHHGWREH³ZHOODGYHUWLVHG´ LQWKHVHQVHWKDWLWLVDOVRQHFHVVDU\WRWDNHFDUHDERXWKRZ WKHKRUVHVDUHDGYHUWLVHG$QG,UHIHUWRQRWRQO\WKHVXSSRUW WKHZHEVLWHDQGLQIRUPDWLRQDERXWWKHKRUVHV EXWDOVRWRWKH PDQQHU WKHYLGHRVDQGWKHSKRWRV WKH\DUHVKRZQ+RZD VWXGIDUPVVKRZVLWVHOIWRWKHZRUOGVD\VDJUHDWGHDODERXWLW

$1&&(



/*35($1&&( 678'%22. 0$,17$,1635,&(6 '(63,7(7$; ,1&5($6(

8PEULD'&5LVRZQHGE\'RPLQJR &KLQFKLOOD5RGULJXH]

As contemplated in his election plan, Javier Conde has announced that all Stud Book fees will remain the same, in spite of the increase in VAT (Value Added Tax), which has been hiked from 16 to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

ZZZDQFFHFRP


1(:$1&&(%2$5'2)',5(&7256 3KRWR5DIDHO/HPRV

)LUVWPHHWLQJRIWKHQHZ%RDUGRI'LUHFWRUVDIWHUWKHHOHFWLRQVKHOGRQ-XQH

At the ямБrst meeting held by the new Board of Directors following the June 12th elections, which opened the new term of ofямБce for Javier Conde at the forefront of ANCCE, the new members and their respective responsibilities were determined as follows: 3UHVLGHQW -DYLHU&RQGH&HUUDWR 9LFHSUHVLGHQW -HV~V&RQWUHUDV 9LFHSUHVLGHQW $XJXVWR5RPHUR+DXSROG 6HFUHWDU\ -RVp'tD]6ROtV 0HPEHUV -RVp9DUR*DUULGR -RDTXtQ0ROLQD6iQFKH] -XDQ+XHUWDV0RQWLHO /LNHZLVH WKH YDULRXV ZRUN FRPPLVVLRQV ZHUH DSSRLQWHG WRJHWKHU ZLWK WKH ([HFXWLYH &RPPLWWHH DQG WKH %RDUG RI 'LUHFWRUVZKLFKZLOOFDUU\RXWWKH SURMHFWVFRQWDLQHGLQWKHHOHFWRUDO SURJUDP7KRVHLQFKDUJHRIHDFK DUHD ZHUH DOVR DSSRLQWHG WKHLU WHDP RI FROODERUDWRUV ZDV DOVR HVWDEOLVKHG  7KH FRPPLVVLRQV WKH SHUVRQ LQ FKDUJH DQG WKHLU WHDPDUH

$1&&(



$WKOHWLF&RPPLVVLRQ ,QFKDUJH$OHMDQGUR%DUUHUD 7HDP5RFtRGHOD&iPDUD $QWRQLR&DUULOOR-RDTXtQ 0HGLQD6RO$QGLF$QWRQLR 5XL]DQG-RVp/XLV5DPtUH] %UHHGLQJ3URJUDP &RPPLVVLRQ ,QFKDUJH9tFWRU/ySH]3DORPR 7HDP5DIDHO&DPDFKR-RVp $QWRQLR6DQ5RPiQ(QULTXH 0XxR]GH$OEHOGD*RQ]DOR $UJ┬БHVR,JQDFLR&DQGDX&UX] &RQGH0DQXHO$UDQGDDQG 5DPyQ0DUWtQ 6WXG%RRN&RPPLVVLRQ ,QFKDUJH3HGUR0D]D 7HDP$XJXVWR5RPHUR$QGUp *DUQLHU-RVp,JQDFLR6iQFKH] 9HOi]TXH]-DLPH*XDUGLROD -XDQ7LUDGR9LUJLOLR)HUQiQGH] GHOD9HJDDQG-RDTXtQ0ROLQD 2IILFHDQG0HPEHU 6HUYLFH&RPPLVVLRQ ,QFKDUJH-XDQ6ROWHUR 7HDP-RVp-XDQ0RUDOHVDQG 0DQXHO)HUQiQGH] 3URPRWLRQDQG3UHVV &RPPLVVLRQ ,QFKDUJH)UDQFLVFR$QJHOHW 7HDP-XDQ$QGUpV4XLIHV -XDQGH3RUUHV$QWRQLR/ySH]

*RQ]DOR$UJ┬БHVR0DXULFLR6ROHU 3HGUR1DGDOHV-XDQ0DQXHO )HUQiQGH]$ODLQ0DKLHX $OH[DQGHU=LORDQG*RQ]DOR &KLULERJD ,QWHUQDWLRQDO/LDLVRQ &RPPLVVLRQ ,QFKDUJH-DYLHU&RQGH 7HDP3HGUR3RQV 6,&$%&RPPLVVLRQ ,QFKDUJH0DFDUHQD/D]R 7HDP$QWRQLR0R\D$QWRQLR /ySH]-RVp5DPyQ)HUQiQGH] 0DQXHO)HUQiQGH]-RVp &RORUDGR,JQDFLR&DQGDX&UX] &RQGH-RVp0┬Э&DVWUR-RVp0┬Э 5RMDV3DODWtQ)HUQDQGR%DUTXtQ -RVp9DURDQG-RVp'tD] &RPSHWLWLRQ)ROORZXS &RPPLVVLRQ ,QFKDUJH-RDTXtQ0ROLQD 7HDP3HGUR3RQVDQG*LQpV 3DUUD $VVRFLDWLRQV/LDLVRQ &RPPLVVLRQ ,QFKDUJH-RVp5DPyQ)HUQiQGH] $VVRFLDWLRQ6SHDNHU ,QFKDUJH0DQXHO)HUQiQGH] $GYLVRU\&RPPLVVLRQ ,QFKDUJH-RVp&RORUDGR/ySH]

ZZZDQFFHFRP


6,&$% As is customary this time of year, we have begun preparations to ensure that by November, SICAB will once again be the best showcase for the Spanish Horse. SICAB 2010 will run from the 23rd to 28th of November.

$GYDQFHWLFNHWUHVHUYDWLRQV

7KHSURFHGXUHWRUHVHUYHWLFNHWDQG SDVVHV LQ DGYDQFH LV WKH VDPH DV ODVW\HDU,QRWKHUZRUGVWKHWLFNHW SDVV ZLOO EH FRQVLGHUHG UHVHUYHG RQFHIXOOSD\PHQWKDVEHHQPDGH E\FUHGLWFDUG3ULFHVFRQWLQXHWREH WKHVDPHWHQHXURV ¼ WRDFFHVV WKH)DLU*URXQGVDQGILIWHHQHXURV ¼ WRDFFHVVWKH6KRZ7KHVHDUH WZRLQGHSHQGHQWWLFNHWV :HGQHVGD\ WKH WK RI 1RYHPEHULVWKHODVWGD\\RXFDQ PDNH DGYDQFH WLFNHW UHVHUYDWLRQV $FFHVV WR WKH YHQXH LV IURP 7XHVGD\ WKH UG WR 6XQGD\ WKH WKRI1RYHPEHU %UHHGHU6WDQGV

2IILFLDO6,&$%&DWDORJ

$VRIWKLVSDVWPRQWKRI$XJXVW\RX FDQ QRZ FRQWUDFW EUHHGHU VWDQGV IRU 6,&$%  7KH GHDGOLQH WR UHVHUYHDQH[KLELWVWDQGLVWKHWK RI 6HSWHPEHU    3UHIHUHQFH ZLOO EH JLYHQ WR WKRVH EUHHGHUV ZKRKDGDVWDQGODVW\HDU6KRXOG WKH UHVHUYDWLRQ QRW EH FRQILUPHG WKDW VSDFH ZLOO EH JUDQWHG WR QHZ UHTXHVWVZKLFKZLOOEHFRYHUHGLQ WKHVDPHRUGHUDVWKH\DUULYH ,Q WKH VHFWLRQ ³1HZV´ RQ WKH $1&&( ZHE VLWH \RX ZLOO ILQG WKH IRUPV DQG DOO WKH QHFHVVDU\ LQIRUPDWLRQWRUHVHUYH\RXUVWDQG

2QFH DJDLQ WKHUH ZLOO EH DQ RIILFLDO 6,&$% FRPSHWLWLRQ FDWDORJ ZKHUH EUHHGHUV PD\ FRQWUDFWSXEOLFLW\7KHGHDGOLQH WR UHTXHVW SXEOLFLW\ DQG WKH UHFHSWLRQ RI RULJLQDOV LV WKH WKRI2FWREHU 'RQDWLRQRI7URSKLHV

%UHHGHUV DQG HQWKXVLDVWV PD\ GHFLGHWRGRQDWHRQHRIWKHSUL]HV DZDUGHG WR WKH ZLQQHUV LQ WKH YDULRXVFDWHJRULHVDWWKH6SDQLVK 1DWLRQDO &KDPSLRQVKLSV 7KLV FRXOGEHGRQHSHUVRQDOO\XQGHU \RXURZQQDPHLQWKHQDPHRI

\RXU VWXG IDUP RU LQ WKH QDPH RI\RXUEXVLQHVV 7KHDFTXLVLWLRQDQGRUGRQD WLRQ RI RQH RI WKHVH WURSKLHV LV WKHEHVWZD\WRFROODERUDWHZLWK DQG VXSSRUW 6,&$% ZKRVH EXGJHWLQFUHDVHVHYHU\\HDU +RWHOV

7KLV \HDU ZH KDYH UHDFKHG DQ DJUHHPHQW ZLWK WKH (O &RUWH ,QJOpV7UDYHO$JHQF\WRKDQGOH DOO 6,&$% KRWHO UHVHUYDWLRQV 7KH FRQWDFW WHOHSKRQH QXPEHU RI VDLG DJHQF\ LV     7KHWUDYHODJHQWVVSHDN ERWK(QJOLVKDQG)UHQFK 

(O&DEDOOR(VSDxRO


),567&2856(21+2:72 ,17(535(7$1'86( 7+((48,1(%5((',1*672&. &$7$/2*

(QWULHVIRUWKH &RQIRUPDWLRQ&RPSHWLWLRQ

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

$1&&(



ANCCE is organizing the ямБrst course on how to interpret and use the Equine Breeding Stock Catalogs. This course will be held on Wednesday, the 24th of November during SICAB 2010. 7KHFRXUVHZLOOEHWDXJKWE\'U0HUFHGHV9DOHUD 8QLYHUVLW\ SURIHVVRU DQG VSHFLDOLVW LQ (TXLQH *HQHWLF,PSURYHPHQWDQGLVRULHQWHGWRZDUGVDOO WKRVHZRUNLQJLQDQGOLQNHGWRWKHHTXLQHVHFWRU ,QDGGLWLRQWRDWWHQGLQJWKLVFRXUVHIUHHRIFKDUJH DOOSDUWLFLSDQWVZLOOUHFHLYHDWLFNHWIRUWKH6,&$% 6KRZRQWKHWKRI1RYHPEHU WKLVWLFNHWGRHV QRWFRYHUWKH6,&$%HQWU\IUHHZKLFKPXVWEH SDLGXSRQHQWU\WRWKH),%(6IDLUJURXQGV  7KHUH LV OLPLWHG VSDFH VR \RX PXVW UHJLVWHU VRRQE\VHQGLQJDQHPDLOWRSHGURD]RU#DQFFH FRP ZLWK WKH IROORZLQJ LQIRUPDWLRQ )XOO QDPH SRVWDODGGUHVVWHOHSKRQHQ┬ЮHPDLOSURIHVVLRQDQG FRPSDQ\RUJDQL]DWLRQZKHUH\RXZRUN

ZZZDQFFHFRP


35(+LVWRU\

&KDUOHV,9RI6SDLQE\*R\DRQVKRZDWWKH3UDGR0XVHXPLQ0DGULG

$1&&(



E\-XDQ&DUORV$OWDPLUDQR

ZZZDQFFHFRP


$VKLSPHQWRI35(

KRUVHVIURP&RUGREDWR .LQJ&KDUOHV,9RI6SDLQ :LWKWKHDGYHQWRI.LQJ&KDUOHV ,9RI6SDLQWRWKHWKURQH WKHQDWLRQZDVEHVLHJHGZLWK JHQHUDOXQUHVWGXHWKHZDUVRI 6SDLQDJDLQVW)UDQFH 0DUFK WR-XO\ 7KLVZDU HQGHGWKDQNVWRWKH3HDFHRI %DVOHVLJQHGRQ-XO\E\ ZKLFK)UDQFHZDVDOORZHGWR UHPRYHRIILIW\VWDOOLRQVDQGD KXQGUHGDQGILIW\PDUHVRYHUD ILYH\HDUSHULRG7KHHFRQRPLF FULVLVUHVXOWLQJIURPWKHVHZDUV

&

KDUOHV,9RI6SDLQPDUULHG 0DULD /RXLVD RI 3DUPD ZKR VKDUHG KLV ORYH IRU KRUVHV ,W LV PRUH WKDQ SRVVLEOH WKDW WKH .LQJ¶V HQWKXVLDVP IRU KRUVHV DQG WKH HTXHVWULDQ VNLOOV RI WKH TXHHQ¶V IDYRULWH 0DQXHO GH *RGR\ NQRZQ DV WKH 3ULQFH RIWKH3HDFHFRXOGKDYHEHHQWKH EDVLVRIWKHIULHQGVKLSWKDWDURVH EHWZHHQWKHPDQGWKDWOHDGKLP WREHFRPH3ULPH0LQLVWHU:LWK &KDUOHV ,9 RQ WKH WKURQH DQG WKDQNV WR WKH HIIRUWV RI *RGR\

KLJKOLJKWHGWKHODFNRIFDVKIORZ LQUR\DOFRIIHUVGXHWRZKLFK QXPHURXVVWDWHSURSHUWLHVZHUH VROGWRDOOHYLDWHWKHSUREOHP +RZHYHUWKHVHVDOHVGLGQRWKDYH DQLPSDFWRQWKHG\QDPLFVRIWKH UR\DOVWDEOHVEHFDXVHHYHU\WKLQJ QHFHVVDU\IRUWKHUHJDOVHUYLWXGH KDGEHHQH[FOXGHGIURPWKHVDOH DQGORJLFDOO\WKHUR\DOVWDEOHV RI&RUGREDFRQWLQXHGWREH WKHEDVLFSLOODULQWKHVXSSO\RI KRUVHVIRUWKHNLQJ

WKHZLVKHVRIKLVIDWKHU&KDUOHV ,,, EHFDPH UHDOLW\ WKH FUHDWLRQ RID6FKRRORI9HWHULQDU\VFLHQFH 'HVSLWH WKH ZLGHVSUHDG UHFRP PHQGDWLRQVWRFURVVWKHEUHHGVRI KRUVHVDVKDGEHHQFXVWRPDU\VLQFH WKHPLGHLJKWHHQWKFHQWXU\LQWKH ,QYHQWRU\ RI 0DUHV DW WKH 5R\DO 6WDEOHLQ&RUGRED²SHUIRUPHGRQ WKHVWRI0D\²WKHUHZHUH VWLOO QR KRUVHV RI IRUHLJQ RULJLQ 7KLV,QYHQWRU\VSHFLILHVEURRG PDUHV RI WKH H[LVWLQJ  ZKLFK

ZHUHFDOOHG³0DUHVRIWKH%UHHG´ 7KLV WHUP ZDV XVHG WR LGHQWLI\ WKRVHPDUHVZKRVHJHQHDORJ\ZDV NQRZQWKURXJKWKH6WXG%RRNIRU 6SDQLVK+RUVHVDQGKDFNVVLQFHWKH 6SDQLVK EUHHG ZDV FUHDWHG LQ WKH WK FHQWXU\ DV WKH\ KDG DOZD\V UHPDLQHG DW WKH 5R\DO 6WXG )DUP RI &RUGRED 7KHUHIRUH WKH HLJKW PDUHVWKDWHYHQWKRXJKWKH\ZHUH 6SDQLVK FDPH IURP WKRVH ERXJKW  5R\DO3DODFH$UFKLYHV$GPLQLVWUDWLYH 6HFWLRQ%XQGOH/LYHVWRFN,QYHQWRU\DW WKH5R\DO6WDEOHVRI&RUGREDGDWHGWKHVW RI0D\

(O&DEDOOR(VSDxRO


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

,Q WKH5R\DO 6WDEOHVRI &RUGRED ZHUH PDQDJHGE\ WKH5R\DO JURRP 3HGUR $OFiQWDUD Ã&#x2030;OYDUH] GH7ROHGR &RXQWRI 0LUDQGD

6LUHVWDOOLRQVFRPLQJIURPWKH&RXUW 6LUHVWDOOLRQVFRPLQJIURPWKH5R\DO&DUDELQLHU%ULJDGH 6WDOOLRQVGHVWLQHGDVVLUHVRIWKH\RXQJVWDEOHKRUVHV DQG\HDUROGFROWV \HDUROGFROWV &ROWVIURPWKHPDUHVRIWKH%UHHGLQSDVWXUHV &ROWVIURPWKHPDUHVLQeFLMD &ROWVIURPWKHPDUHVLQ&DVWURPRQWH &ROWVIURPERXJKWPDUHV &ROWVIURP-HVXLWPDUHV 0DUHVRIWKH%UHHGLQSDVWXUHV 0DUHVIURPeFLMD 0DUHVIURP&DVWURPRQWH -HVXLWPDUHVIURP-DpQDQGÃ&#x2019;EHGD %RXJKWPDUHV )RDOVDWIRRW       727$/

               

$W WKDW WLPH WKH 5R\DO 6WDEOHV RI &RUGRED ZHUH PDQDJHG E\ WKH 5R\DO JURRP 3HGUR $OFiQWDUD Ã&#x2C6;OYDUH] GH 7ROHGR &RXQW RI 0LUDQGD ZKR OLYHG OLNH PRVW QREOHPHQ LQ WKH FRXUW LQ 0DGULG ,Q 0DUFK RI WKDW VDPH \HDU KH JDYH LQVWUXFWLRQV WR WKH /LHXWHQDQW LQ FKDUJH RI WKH VWDEOHV LQ &RUGRED WR EULQJ KRUVHV IRU .LQJ &KDUOHV ,9 RI 6SDLQ +DYLQJ UHFHLYHG WKH RUGHU LQ &RUGRED 7RPiV GH =HUDtQ VHOHFWHG  KRUVHV  JUD\V  ED\V  EODFNV  FKHVWQXWV RQH GXQ RQH ]HEUDVWULSSHG DQG RQH WLJHUVWULSSHG  DQG SUHSDUHG WKHLUGHSDUWXUH7KHRULJLQRIWKHKRUVHV ZDV DV IROORZLQJV  ³2I WKH %UHHG IURP &RUGRED´ GLUHFW GHVFHQGDQWV RI WKH ILUVW KRUVHV DFTXLUHG LQ  WR FUHDWH WKH 6SDQLVK %UHHG  WZR PDUHV DFTXLUHGLQeFLMDWZRIURPWKH0DUTXLV RI &DVWURPRQWH  PDUHV GHVWLQHG IRU WKHEUHHGLQJRIFDUULDJHKRUVHVDQGWZR GHVFHQGDQWV RI WKH PDUHV ERXJKW EDFN IURPWKH-HVXLWVRIWKRVHWKDWKDGEHHQ VROGIROORZLQJWKHILUHDWWKH5R\DO 6WDEOHVLQ&RUGRED  $OWDPLUDQR0DFDUUyQ-&  /DVFDEDOOHUL]DV UHDOHVGH&yUGRED 7KH5R\DO6WDEOHVRI&RUGRED  0DODJD(GLFLRQHVHFXHVWUHV

$1&&(



ZZZDQFFHFRP


7KHKRUVHVVHOHFWHGIRUWKHNLQJZHUH





1$0(



&2/25+(,*+76,5(

(O&DEDOOR(VSDxRO


,QWKH,QYHQWRU\ RI0DUHVDWWKH 5R\DO6WDEOH LQ&RUGRED³ SHUIRUPHGRQ WKHVWRI0D\ ³WKHUHZHUH VWLOOQRKRUVHVRI IRUHLJQRULJLQ 7KLV,QYHQWRU\ VSHFLILHV EURRGPDUHV RIWKHH[LVWLQJ ZKLFKZHUH FDOOHG´0DUHVRI WKH%UHHGµ7KLV WHUPZDVXVHG WRLGHQWLI\WKRVH PDUHVZKRVH JHQHDORJ\ZDV NQRZQWKURXJK WKH6WXG%RRN IRU6SDQLVK +RUVHVDQG KDFNVVLQFHWKH 6SDQLVKEUHHG ZDVFUHDWHGLQ WKHWKFHQWXU\ DVWKH\KDG DOZD\VUHPDLQHG DWWKH5R\DO 6WXG)DUPRI &RUGRED

$1&&(



5R\DO6WDEOHVLQWKHFLW\RI&RUGRED

ZZZDQFFHFRP


$QGDOXVLDZKLFKKDGQRW\HWUHFRYHUHG IURPWKHUHSHUFXVVLRQVRIWKH \HOORZIHYHUHSLGHPLF FDXVLQJWKHGHDWK RISHRSOHIURP&DGL]DQGWKDW FRQWULEXWHGWRWKHIDFWWKDWWKH(QJOLVK ILQDOO\VLHJHG&DGL] KDGWRRQFHDJDLQ H[SHULHQFHWKHGLIILFXOWLHVGXHWRD QHZRXWEUHDNWKDWEHJDQLQWKLVFLW\ 7KLVRXWEUHDNZKLFKFRLQFLGHGZLWKD QHZDWWDFNRQWKHFLW\E\WKH(QJOLVK JDYHZD\WRWKHLPPHGLDWHDSSOLFDWLRQ RIKHDOWKFRQWUROVEHWZHHQGLIIHUHQW SURYLQFHVDQGUHJLRQV :RPHQ·V+RVSLWDOLQWKHFLW\RI&DGL]

7RPiV GH =HUDtQ HQWUXVWHG WKH WUDQVIHU RI WKH KRUVHV WR *DEULHO 3pUH] +HDG JURRP DW WKH VWDEOHV ZKROHIWIRU0DGULGRQWKHWKRI 0DUFK $QGDOXVLD ZKLFK KDG QRW \HW UHFRYHUHG IURP WKH UHSHUFXVVLRQV RIWKH\HOORZIHYHUHSLGHPLF FDXVLQJ WKH GHDWK RI  SHRSOH IURP &DGL] DQG WKDW FRQWULEXWHG WRWKHIDFWWKDWWKH(QJOLVKILQDOO\ VLHJHG &DGL]  KDG WR RQFH DJDLQ H[SHULHQFH WKH GLIILFXOWLHV GXH WR D QHZ RXWEUHDN WKDW EHJDQ LQ WKLV FLW\ 7KLV RXWEUHDN ZKLFK FRLQFLGHG ZLWK D QHZ DWWDFN RQ WKH FLW\ E\ WKH (QJOLVK JDYH ZD\ WR WKH LPPHGLDWH DSSOLFDWLRQ RI

 5DPRV6DQWDQD$  &iGL]HQHO VLJOR;,;GHFLXGDGVREHUDQDDFDSLWDO GHSURYLQFLD PHDQLQJ&DGL]LQWKHWK &HQWXU\IURP6RYHUHLJQ&LW\WR3URYLQFLDO &DSLWDO ,Q/RPDV6DOPRQWH)+LVWRULD GH&iGL] +LVWRU\RI&DGL] &DGL]6LOH[ (GLFLRQHVS  $OPHUtD0XQLFLSDO$UFKLYHRI$OPHUtD 6DQLGDG(SLGHPLDV([SHGLHQWHGH6DQLGDG GH(SLGHPLD +HDOWK(SLGHPLFV (SLGHPLF+HDOWK)LOH %XQGOHGRF  5DPRV6DQWDQD$  S

3KRWR0DUDWDQLD

KHDOWK FRQWUROV EHWZHHQ GLIIHUHQW SURYLQFHVDQGUHJLRQV 7KXV ZKHQ *DEULHO 3pUH] UHDFKHG 'HVSHxDSHUURV KH KDG WR FRPSO\ZLWKDFRQWURODWWKH9HQWD &iUGHQDV &LXGDG5HDO %HLQJWKDW WKHKRUVHVZHUHIRUWRWKH.LQJWKH JURRPVZHUHDOORZWRFRQWLQXHWKH MRXUQH\ ZLWKRQO\WZRFKDQJHVRI FORWKHV  DV ZHUH WKH KRUVHV DIWHU KDYLQJ EHHQ IXPLJDWHG DORQJ ZLWKDOOWKHLUHTXLSPHQW7KHKHDG JURRP LQIRUPHG WKH /LHXWHQDQW LQ FKDUJH RI WKH VWDEOHV DERXW WKH LQFLGHQW UHSRUWLQJ WKDW KH ZRXOG XQGHUJR WKH KHDOWK FRQWUROV WKDW VDPH DIWHUQRRQ WR WKHQ FRQWLQXH WRZDUGV 2QWLJROD 7ROHGR  ,Q WKH OHWWHU KH DOVR UHSRUWHG WKH ODPHQHVV RI WKH KRUVH ³5RPHUR´ ZKR ZDV EODFN DQG VRQ RI WKH 6SDQLVK VWDOOLRQ ³&LUXMDQR´ )RXU GD\V ODWHU RQ WKH UG RI 0D\ 7RPiVGH-HUDtQQRWLILHGWKH&RXQW RI0LUDQGDWKDW*DEULHO3pUH]KDG  5R\DO3DODFH$UFKLYHV$GPLQLVWUDWLYH 6HFWLRQ%XQGOHOHWWHUIURP7KRPiVGH -HUDtQWR7KH&RXQWRI0LUDQGDGDWHGWKH WK0D\

SDVVHG WKH KHDOWK FRQWURO DQG ZDV WUDYHOLQJ WRZDUGV 6DQWD &UX] GH 0XGHOD &LXGDG 5HDO  UHLWHUDWLQJ WKDW³WKHFROW³5RPHUR´FRQWLQXRXV WREHODPH´ 2Q WKH WK RI 0D\ QRZ LQ 2QWLJROD *DEULHO 3pUH] ZURWH WR WKH /LHXWHQDQW LQ FKDUJH RI WKH VWDEOHVWRUHSRUWRQWKHHYHQWVWKDW KDGRFFXUUHGGXULQJWKHODVWOHJRI WKH MRXUQH\ +DYLQJ QR PRUH WKDQ FURVVHGWKHFRQWUROWKH\KDGWRSXW XS ZLWK UDLQ DQG KDLO VWRUPV GXH WRZKLFKWKHFROWV*UDQRGH2UR 'LDPDQWH 'HVHDGR *REHUQDGRU 0D\RUD]JR DQG WKH WZR $ERJDGR FDXJKW D FROG 0RUHRYHU XSRQ OHDYLQJ 7HPEOHTXH WRZDUGV /D *XDUGLD 7ROHGR  KH QRWLFHG WKDW WKHKRUVH³*DOODUGR´ZDVDOVRODPH LQWKHULJKWIRUH$IWHUUHDFKLQJ/D *XDUGLDKHZHQWWRDIDUULHUZKR DIWHUKDYLQJUHPRYHGWKHKRUVHVKRH GLDJQRVHG D SXQFWXUH ZRXQG ZKLFK UHVSRQGHG UDSLGO\ WR WKH WUHDWPHQW $UULYLQJ DW 0DGULGHMRV 7ROHGR  RQH RI WKH JURRPV IHOO  ,ELGHPWKHUG0D\


2QWKHWKRI0D\QRZLQ2QWtJROD*DEULHO3pUH]ZURWHWRWKH/LHXWHQDQWLQFKDUJH RIWKHVWDEOHVWRUHSRUWRQWKHHYHQWVWKDWKDGRFFXUUHGGXULQJWKHODVWOHJRIWKH MRXUQH\+DYLQJQRPRUHWKDQFURVVHGWKHFRQWUROWKH\KDGWRSXWXSZLWKUDLQDQG KDLOVWRUPVGXHWRZKLFKWKHFROWV*UDQRGH2UR'LDPDQWH'HVHDGR*REHUQDGRU 0D\RUD]JRDQGWKHWZR$ERJDGRFDXJKWDFROG

2UHMDFDVWOHLQ2QWOJROR SURYLQFHRI7ROHGR 

LOODQGKDGWREHWUDQVSRUWHGLQWKH OXJJDJH FDUULDJH DV WKHUH ZDV QR KRVSLWDO LQ WKDW WRZQ +H FRXOG QRW EHOHIWLQ7HPEOHTXHHLWKHUEHFDXVH WKHUHZHUHQRWHYHQHQRXJKEHGVLQ WKHKRVSLWDOIRUWKHLQKDELWDQWVRIWKH WRZQQRUZHUHWKHUHLQ/D*XDUGLD VR KH KDG WR ZDLW XQWLO KH UHDFKHG 2FDxD ZKHUH KH ZDV WDNHQ WR WKH +RVSLWDORI6DQ-XDQGH'LRV

'D\V ODWHU WKH \RXQJ KRUVHV KDYLQJ UHVWHG DIWHU WKHLU ORQJ MRXUQH\ LQ 9LOODYHUGH 0DGULG  WKH\ ZHUH FRYHUHG ZLWK VKHHWV HPEURLGHUHG ZLWK WKH UR\DO HPEOHPDVZDVFXVWRPDU\DWWKH HQGRIWKHWKFHQWXU\DQGWKH\ PDGHWKHLUHQWUDQFHLQWRWKHFRXUW

WR WKH VRXQG RI WUXPSHWV ZKLFK FRQYH\HGWRWKHSHRSOHRI0DGULG WKDWDQHZEDWFKRI6SDQLVK+RUVHV KDGDUULYHG  /HWWHUIURP3HGURGH$UDQGDWRWKH 0DUTXLVRI)ORUHVDGGUHVVHGWR3KLOLS,,, RI6SDLQ DQGGDWHGWKHWKRI$XJXVW 

 5R\DO3DODFH$UFKLYHV$GPLQLVWUDWLYH 6HFWLRQ%XQGOHOHWWHUIURP*DEULHO-RVp 3pUH]WRWKH&RXQWRI0LUDQGDGDWHGWKHWK RI0D\

,Q9LOODYHUGH 0DGULG  WKH\ZHUHFRYHUHGZLWK VKHHWVHPEURLGHUHG ZLWKWKHUR\DOHPEOHP DVZDVFXVWRPDU\DW WKHHQGRIWKHWK FHQWXU\DQGHQWHUHG LQWRWKHFRXUW

$1&&(



ZZZDQFFHFRP


6WXG)DUP 3XEOLFLW\5HSRUW

<HJXDGD9LOOD*HO\

:25.3$66,21%5((' $+80%/(63,5,7

$1&&(



ZZZDQFFHFRP


³0\KRUVHV DUHOLNHD EULGJHIURP ZKLFK,ZDWFK FDOPZDWHUV VWUHDPE\WR WDNHDZD\WKH SUREOHPVRI OLIH´

1DPH<HJXDGD9LOOD*HO\ /RFDWLRQRIWKHVWXGIDUP6DQ)UDQFLVFR GH&DPSHFKH0p[LFR 1žRIKRUVHVPDUHVVLUHVWDOOLRQVDQG \RXQJVWRFNEURRGPDUHVVLUHVWDOOLRQV DQG\RXQJVWRFN 3URSHUW\KHFWDUHV )DFLOLWLHVVWDEOHVDUHQDVDFRUUDO KRUVHZDONHUDQGFOLQLF 3HUVRQQHOSHRSOH %UHHGLQJPHWKRGXVHG1DWXUDO

<

HJXDGD 9LOOD *HO\ ORFDWHG LQ WKH FLW\ RI 6DQ )UDQFLVFR GH &DPSHFKH 0H[LFR LV FXUUHQWO\ RQH RI WKH QHZHU VWXG IDUPV LQ WKH FRXQWU\  ,WV ODUJH QXPEHU RI KRUVHV KDV DOUHDG\ HDUQHG SUHVWLJLRXV UHFRJQLWLRQERWKQDWLRQDOO\DQGLQWHUQDWLRQDOO\ &DUORV0RXULxR7HUUD]RRZQHURIWKH<HJXDGD9LOOD*HO\ KDVEHHQDKRUVHHQWKXVLDVWVLQFHFKLOGKRRG+HVWDUWHGLQ WKH35(ZRUOGLQJXLGHGE\KLVFORVHIULHQG6SDQLDUG 5LFDUGR%DUURVRZQHURIWKH<HJXDGD9DOOH0LxRUZKRZDV WKHILUVWEUHHGHUWRVHQGKLPKRUVHVIURPWKHSXUH%RFDGR EORRGOLQHDQGWUXHFXOSULWEHKLQGKLVHQWKXVLDVPIRU6SDQLVK +RUVHVZKLFKKDVEHFRPHDSDVVLRQWKDWLVKDUGWRGHVFULEH 7RGD\WKHKRUVHVIURP<HJXDGD9LOOD*HO\DUHFKDUDFWHUL]HG E\ WKHLU H[FHSWLRQDO EHDXW\ QREOHQHVV DQG SULGH ³, KDYH FRYHUHGPDUHVIURPWKH<DFROLQHZLWKSXUH%RFDGRVWDOOLRQV EHFDXVH,ZDQWWRSURGXFHKRUVHVOLNHWKHKRUVH,RQHGD\IHOO LQORYHZLWKWKHNLQGRIKRUVHWKDWDNLORPHWHUDZD\\RXFDQ DOUHDG\VHH,DP6SDQLVKDQGSURXGRILW´H[SODLQHG&DUORV 0RXULx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

(O&DEDOOR(VSDxRO


9LOOD*HO\KDVDOLQH RIKRUVHVERDVWLQJ H[FHSWLRQDOEHDXW\ QREOHQHVVDQGSULGH

2ILFLDOGH7RUUHVRQRI5HPDFKHDQG7HVRURDQG$URDE\*DYLODQ RXWRI7ULDQD GDPRI6RxDGRUD;;,;5HJDUWHUD;DQG'DQWH7)  ,QJHQHDORJLFDOWHUPVRIWKHSXUH%RFDGREORRGOLQH0RXULxRWULHV WRHQVXUHWKDWWKH\FRPHIURPWKHOLQHVRI3RVHLGR9,,RU%pOLFR,,, DQGRIWKHRWKHUVKHORRNVIRUWKH<DFREORRGOLQHWRFURVVWKHVHZLWK ,QFDXWR&HQWKDWFRPHVIURP'HOJDGR0DFRI&iUGHQDV,QVHDUFKRI DEODFNFRDWFRORUEXWZLWKRXWORVLQJWKHFODVVWKDWWKH\OLNHVRPXFK WKH\DOVRKDYHVRPH0DUWtQH]%RORL[KRUVHV/HVVZHOONQRZQEXW EHWWHUORYHGDUHWKRVHEHDULQJWKH9*EUDQG²IRU<HJXDGD9LOOD *HO\²LQFOXGLQJVXFKFKDPSLRQVDV,OOXPLQDGR9* ,WZDVWKH0RXULxRIDPLO\ZKROHGWKLVEUHHGHUWRSURPRWHKLV KRUVHV¶ FRPSHWLWLYH FDUHHUV ³0\ JUHDWHVW VDWLVIDFWLRQ LV WR ZDWFK P\GDXJKWHUULGLQJDKRUVH´KHH[SODLQV2EYLRXVO\EHLQJLQWKH FRPSHWLWLRQZRUOGEUHHGHUVOHDUQDQGFRPSDUHWKHLUKRUVHV,WQHHG QRWEHVDLGWKDWWKHLUWUXHFRPPHUFLDOVLJQLILFDQFHLVSDUWLFLSDWLQJ ³,DPDZDUHWKDWFRPSHWLWLRQVDUHWKHFRQFOXVLRQRIHYHU\WKLQJZH GRDWRXUVWXGIDUP:KDWEHWWHUVKRZFDVHFDQ\RXKDYHWRGLVSOD\ \RXUKRUVHVDQGFRPSDUHWKHPLQDGGLWLRQWRVSHQGLQJWKHGD\ZLWK IULHQGVZKRVKDUHWKHVDPHSDVVLRQDQGHQMR\LQJ\RXUDFKLHYHPHQWV ZLWKWKHIDPLO\"´ 7KH PRVW UHFHQW FRQIRUPDWLRQ FRPSHWLWLRQ KHOG LQ 0H[LFR LQ SODFHGWKLVVWXGIDUPRQWKHODGGHURIVXFFHVVIRU0H[LFDQ VWXGIDUPVEUHHGLQJ6SDQLVKKRUVHV)RUWKHIRXUWK\HDUUXQQLQJ <HJXDGD9LOOD*HO\HDUQHGWKH%HVW6WXG)DUP$ZDUGLQDGGLWLRQ WRUHFHLYLQJVHYHUDODZDUGVIRUDJRRGQXPEHURIKRUVHVRIWKHLURZQ EUDQG7KHVHUHVXOWVDUHH[WUHPHO\HQFRXUDJLQJIRUWKLV\RXQJEXW FRQVROLGDWHGVWXGIDUP2EMHFWLYHIXOILOOHG

³,KRQHVWO\EHOLHYHWKDWLWLVDPLVWDNHWRFRQFHQWUDWHRQEUHHGLQJ FKDPSLRQV\RXKDYHWREUHHGKRUVHVDQGWRIHHOVDWLVILHGZLWKWKHP´


7KH0DOO

'SWR3XEOLFLGDG$1&&(,$OHMDQGUR6iQFKH],FRPHUFLDO#DQFFHFRP 7HO,)D[,ZZZDQFFHFRP


'UHVVDJH

E\-RVp$)GH]/LQHURV

*XDMLUR;;9,ULGGHQE\ -RVH$QWRQLR)GH]/LQHURV SHUIRUPLQJD3LDIIp

&2//(&7,21


,

LWDWLRQ DQG UHVSRQGV WR WKH UHPHPEHU ZKHQ PRUH WKDQ The relationship YDULRXV DLGV FDOPO\ DQG ZLWK WZHQW\ \HDUV DJR , VDZ D between the various SUHFLVLRQGLVSOD\LQJDQDWXUDO YLGHR RI 1XQR 2OLYHLUD IRU DQG KDUPRQLRXV EDODQFH ERWK WKH ILUVW WLPH ULGLQJ D EURZQ parts of its body SK\VLFDOO\DQGPHQWDOO\ KRUVH LQ SLDIIH ,W ZDV UHDOO\ is what marks the 7R FROOHFW LW LV HVVHQWLDO WKDW LPSUHVVLYHZLWKWKHKLQGKRRYHV difference between WKH ZHLJKW EH WUDQVIHUUHG WR WKH DOPRVWWRXFKLQJWKHIRUHIHHWWKH the degree to which KLQG TXDUWHUV WKXV OLJKWHQLQJ NQHHV UDLVHG LQ DQ H[DJJHUDWHG PDQQHUDVWKHUHLQVKXQJORRVH one horse needs to put WKHIRUHKDQGWKHKLQGOHJVPXVW PDQDJHWREH³ZHOO´ WKLVLVQRWWKH ZLWK QR DSSDUHQW FRQWDFW its hind legs under VDPHWKLQJDV³DORW´ XQGHUWKH 7KH KRUVH ZLWK LWV PRXWK its body and that of RYHUIORZLQJZLWKVDOLYDPRYHG another, to attain the ERG\PDVVVRWKDWWKH\FDQSXVK WKH ZHLJKW IRUZDUG EXW ZLWKRXW LWVMDZDQGORZHUOLSFRQWLQXDOO\ optimum degree of IRUJHWWLQJ WKDW WKH REMHFWLYH LV DQG DOO WKLV ZDV DFFRPSDQLHG collection required by WKH EDODQFH DQG PRELOLW\ RI WKH E\ RSHUD PXVLF %HIRUH JHWWLQJ each exercise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³IXQGDPHQWDO´ WKH GHJUHH WR ZKLFK RQH KRUVH ,W LV PRUH WKDQ SUREDEOH WKDW IRU D ORW RI SHRSOH WKH VDPH DV LW REMHFWRIFROOHFWLRQLVWRUHWXUQWR QHHGVWRSXWLWVKLQGOHJVXQGHULWV DSSHDUHG WR PH DW WKDW WLPH WKLV WKH KRUVH WKH EDODQFH ORVW ZKHQ ERG\DQGWKDWRIDQRWKHUWRDWWDLQ ZDV WKH WUXH DQG ³XQLTXH´ LPDJH WKHLU ULGHU¶V ZHLJKW IDOOV RQ WKHLU WKH RSWLPXP GHJUHH RI FROOHFWLRQ RI ³FROOHFWLRQ´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³FROOHFWLRQ´ KDYH D EURDGHU DQG WKHUHE\ JLYHV OLIH DQG VSLULW WR QRW PDWWHU KRZ PXFK WKH KLQG OHJVQHHGWREHXQGHUWKHERG\IRU PRUH JHQHULF PHDQLQJ" ,Q RWKHU DOOWKHUHVWRILWVERG\ %\YLUWXHRIDOLYHO\LPSXO %\YLUWXHRIDOLYHO\LPSXO %\YLUWXHRIDOLYHO\LPSXO WKLVZKDWPDWWHUVLVWKH³TXDOLW\´ ZRUGVGRHVLWQRWRQO\UHIHUULQJWR DFHUWDLQH[HUFLVHEXWWRDJHQHUDO VLRQ DQG WKH VXSSOHQHVV RI WKH RI KRZ WKH KLQG OHJV DUH XQGHU DWWLWXGH RI WKH KRUVH" /HW XV VHH MRLQWV IUHH IURP WKH SDUDO\VLQJ WKH ERG\ ZKLFK LV ZKDW SURYLGHV ZKDW WKH UXOHV DQG UHJXODWLRQV HIIHFWV RI UHVLVWDQFH WKH KRUVH WKH QHFHVVDU\ FROOHFWLRQ IRU WKH REH\VZLOOLQJO\DQGZLWKRXWKHV KRUVH WR UHPDLQ LQ EDODQFH DQG VWDWH

(O&DEDOOR(VSDxRO


From the moment the horse starts to move, with the rider in the saddle, collection is needed, but it will depend on what the rider wants to produce with this collection as to whether it should be more or less collected

%HDWUL]5REHUW6DPSHUULGLQJ*XDMLUR;;9,+HLVRZQHGE\-XDQ%DXWLVWDDQGZDVEUHGE\0DULR7RULR

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

$1&&(



It is probably in the canter pirouette and the piaffe where more collection is needed

DQG WKHUHIRUH WKH ILQDO REMHFWLYH ZLOOQRWKDYHEHHQDFKLHYHG $SRRUFRQFHSWRIFROOHFWLRQFDQ OHDG WR SRRU HTXLWDWLRQ PLVWDN HQREMHFWLYHVFDQOHDGWRLQFRUUHFW SODQQLQJRIERWKWKHZRUNDQGWKH

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

ZZZDQFFHFRP


Dressage - International Competitions

&', $73203$'285),)7+$1' 6,;7+3/$&()2563$1,6++256(6 *1,',80$1')2*21(52,;

35(V5(35(6(17 63$,1$7&', +,&.67($'

Pompadour, an important date on the World Equestrian Game preparation calendar, saw the presence of only three horses & riders of the Spanish National Team due to last minute injuries that Fuego XII and Prestige suffered.

Fogonero IX, G-Nidium and Norte competed at the seventh leg of the World Super League.

7KHDWWHQGLQJULGHUVDQGKRUVHV SUHVHOHFWHGWRJRWR.HQWXFN\ ZHUH 5DIDHO 2UWL] ULGLQJ *1LGLXP RZQHG E\ <HJXDGD $]RUHV -RVp 0DUtD 6iQFKH] &RERV ULGLQJ )RJRQHUR ,; RZQHGE\WKH5R\DO$QGDOXVLDQ 6FKRRO RI (TXHVWULDQ $UW DQG &ODXGLR &DVWLOOR ZLWK -DGH 09  7KLV ODWWHU RIIHUHG DQ RXWVWDQGLQJ SHUIRUPDQFH WR DFKLHYH WKH JROG LQ WKH *UDQG 3UL[ DQG WKH 6SHFLDO *UDQG 3UL[$WWKH*UDQG3UL[OHYHO ILIWKSODFHZHQWWR5DIDHO2UWL] $OFDOi=DPRUD ZLWK *1LGLXP  ZKLOHVL[WKSODFHZDV IRU -RVp 0DUtD 6iQFKH] &RERV ZLWK)RJRQHUR,;WKHLUDYHUDJH

ZDV  ZKLFK ZDV VXUSDVVHGLQWKH6SHFLDO*UDQG 3UL[ZKHUHWKH\HDUQHG WRSODFHWKLUG*1LGLXPZDV WUXO\RXWVWDQGLQJLQWKHPXVLFDO WHVWZKHUHKHFODVVLILHGVHFRQG ZLWKDDYHUDJH 3ULRU WR WKH FRPSHWLWLRQ QHZV ZDV RXW WKDW )XHJR ;,, DQG 3UHVWLJH KDG ERWK VXIIHUHG LQMXULHV  -XDQ 0DQXHO 0XxR] DQG -RUGL 'RPLQJR OLWWOH E\ OLWWOHZRUNHGZLWKWKHLUKRUVHV EXWLQWKHHQGWKHYHWHULQDULDQV DGYLVHG WKDW WKH KRUVHV UHVW WKHUHIRUH LW ZDV GHFLGHG WKDW WKH\ VKRXOG QRW FRPSHWH DW WKH &', RU DW &+,2 HQ $DFKHQ *HUPDQ\ IRUWKHWLPHEHLQJ

)RJRQHUR,;RZQHGE\WKH5R\DO $QGDOXVLDQ 6FKRRO RI (TXHVWULDQ $UW *1LGLXP IURP <HJXDGD $]RUHV DQG 1RUWH RZQHG E\ /RYHUDFRPSHWHGXQGHUWKHRUGHUV RIWKHQDWLRQDOWUDLQHUDWWKHVHYHQWK OHJRIWKH:RUOG6XSHU/HDJXHWKH &', ZLWKLQWKH:RUOG'UHVVDJH 0DVWHUVZKLFKZDVKHOGIURPWKH WKRI-XO\WRWKHVWRI$XJXVW 5DIDHO 2UWL] ZLWK *1LGLXP DQG -RVp $QWRQLR *DUFtD 0HQD ULGLQJ1RUWHZHUHILIWKDQGVL[WKLQ *UDQ3UL[7KH\HDUQHGDYHUDJHVRI DQGUHVSHFWLYHO\ 7KXV WKH SUHVHOHFWHG PHPEHUV RI WKH 6SDQLVK 1DWLRQDO 'UHVVDJH 7HDPSUHSDULQJIRUWKH:(*WREH KHOGLQ.HQWXFN\FRPSOHWHGDQRWKHU SKDVHRIWKHLUVSHFLILFWUDLQLQJ

*1LGLXPKDV EHHQSUH VHOHFWHGIRU WKH:(*LQ .HQWXFN\7KLV 35(LVULGGHQ E\5DIDHO2UWL] EXWLVRZQHGE\ <HJXDGD$]RUHV DQGZDVEUHGE\ +QRV&DPDFKR %HQtWH] )LOH SKRWR

$1&&(



ZZZDQFFHFRP


Para-equestrian Dressage

63$,13$57,&,3$7(6 ,17+(&6,2 1$7,216·&83,1 $$&+(1 Spain’s victory at the CDIO Nations’ Cup in Saumur allowed the team to return, once again, to the CDIO held in Aachen, in the heat of preparation for the VI World Equestrian Games. +DYLQJUHFHLYHGDQLQYLWDWLRQIURP WKH 2UJDQL]LQJ &RPPLWWHH WKH 5R\DO (TXHVWULDQ )HGHUDWLRQ RI 6SDLQDOWHUHGWKHSODQQHGFDOHQGDU DW WKH EHJLQQLQJ RI WKH VHDVRQ VR WKDW-HDQ%HPHOPDQVZLWKSDUWRI WKH6SDQLVKWHDPZHUHDEOHWRJR IURPWKHWKWRWKHWKRI-XO\WR ZKDWLVFRQVLGHUHGRQHRIWKHPRVW LPSRUWDQWGDWHVRQWKH,QWHUQDWLRQDO 'UHVVDJH&DOHQGDU 7KH WHDP DOWKRXJK GLPLQLVKHG GXHWRODVWPLQXWHLQMXULHVVXIIHUHG E\)XHJR;,,DQG3UHVWLJHHDUQHG DPRUHWKDQQRWHZRUWK\VL[WKSODFH LQ WKH 1DWLRQV¶ &XS )LQDO LQ WKH *UDQG 3UL[ DQG 6SHFLDO *UDQG 3UL[ FDWHJRULHV DW WKH *HUPDQ YHQXH6SDLQZDVUHSUHVHQWHGE\ 6SDQLVK+RUVHV*1LGLXPRZQHG E\<HJXDGD$]RUHVDQG)RJRQHUR ,; IURP WKH 5R\DO $QGDOXVLDQ 6FKRRO RI (TXHVWULDQ $UW  7KH ULGHUV ZHUH 5DIDHO 2UWL] $OFDOi =DPRUD DQG -RVp 0DUtD 6iQFKH] &RERV UHVSHFWLYHO\ ZKLOH WKH RWKHUSDUWLFLSDQWZDV-DGHGH09 D /XVLWDQR ULGGHQ E\ &ODXGLR &DVWLOOD 5DIDHO 2UWL] DQG *1LGLXP SODFHG ILIWK LQ WKH *UDQG 3UL[ ZLWK DQ DYHUDJH RI  ZKLOH -RVp 0DUtD 6iQFKH] &RERV ULGLQJ )RJRQHUR,;SODFHGWKLUGLQ6SHFLDO *UDQG3UL[ZLWKDDYHUDJH

671$7,21$/3$5$(48(675,$1 '5(66$*(&203(7,7,21 The National Para-equestrian Championship was held in Spain for the first time, from the 2nd to the 4th of July. Para-Dressage is performed by physically and psychology challenged riders.

%URQ]HZLQQHULQOHYHO0DUtD(OHQD 3HURSDGUHULGLQJWKH35(0RUGLVTXLWRV

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

(O&DEDOOR(VSDxRO


$1&&(7HDP 7+($1&&(7($05$1.(':(//,1'5(66$*( E\,QPDFXODGD5RGUtJXH]

Just a couple of months away from the ANCCE Cup for Dressage, which will be held during SICAB, six of the twelve horses/riders making up the ANCCE Team have ample experience in the ring. Likewise, they have competed in a number of CDN 3* and one CDI competition to place at the top of the ranking.

$1&&(+LUWR,,RZQHGE\<HJXDGD/RV5HWDPDOHVDQG EUHGE\<HJXDGD&DUPHQ&DVDGRLVULGGHQE\%RUMD &DUUDVFRVD

7

R  G D W H   W K H  U H V X O W V K D Y H  E H H Q  H [ W U H P H O \ HQFRXUDJLQJ IRU $1&&( DV ZHOO DV IRU ERWK WKH RZQHUV DQG ULGHUV (YHU\RQH DJUHHV WKDW $1&&(/HYLWRQ$5%RZQHGE\ <HJXDGD <HJXDGD 6DQ $QWRQLR $1&&( +LUWR ,, RZQHG E\ <HJ XDGD /RV 5HWDPDOHV DQG EUHG E\ &DUPHQ &DVDGR DQG $1&&(0DULVPHxR/,,,RZQHG E\ <HJXDGD (O 0DGURxXHOR DQG EUHG E\ <HJXDGD ,OHWDUJLHQH DOO ILYH\HDUROGVDUHKDYLQJDJRRG VHDVRQ 7KH VDPH KROGV WUXH IRU VL[ \HDUROGV $1&&( %DURQ

$1&&(%DUyQ=ULGGHQE\0DUtD3UDGHUDV LVRZQHGE\(O$ODGURTXHDQGEUHGE\ =HWD+RUVH

= RZQHG E\ (O $ODGURTXH DQG EUHGE\=HWD+RUVHDQG$1&&( %DUTXHUR-)RZQHGE\<HJXDGD 0LxR $1&&( /HYLWRQ $5% KDV SDUWLFLSDWHG PRVW LQ WKH YDULRXV $1&&( &XS 'UHVVDJH FRPSH WLWLRQV KHOG WKURXJKRXW 6SDLQ DQG KDV WKH EHVW DYHUDJH DV KH KDVPDLQWDLQHGDQDYHUDJHDERYH $W&',LQ1DPEURFD SURY LQFHRI7ROHGR KHFODVVLILHGILUVW ZLWKDDYHUDJHZKLOHDW &'1  LQ 9DOHQFLD KH UHWDLQHG KRQRUV ZLWK D  DYHU DJH WR FRQILUP KLV FODVVLILFDWLRQ

LQ =DUDJR]D ZLWK DQ DYHUDJH RI  7KLV ZDV WKH KLJKHVW VFRUHHDUQHGE\D6SDQLVK+RUVH LQ WKLV VHDVRQ +H UHWXUQHG WR <HJXDGD 6DQ -RVH WR SDUWLFLSDWH LQD&'1 FRPSHWLWLRQZKHUH KH UHIXVHG WR VXUUHQGHU KLV JROG ZLWKDQDYHUDJHRI $1&&( +LUWR ,, ZLWK ULGHU %RUMD &DU UDVFRVD DWWHQGHG IHZHUYHQXHVRQWKHFRPSHWLWLRQ FDOHQGDU WKDQ $1&&( /HYLWRQ $5%EXWDWWKRVHFRPSHWLWLRQV ZKHUH WKH\ SDUWLFLSDWHG WKH UHVXOWVZHUHJUHDW7KH\SODFHG VHFRQG DQG PDLQWDLQHG WKH

(O&DEDOOR(VSDxRO


VDPH DYHUDJHV DW &'1   LQ 7ROHGR DQG 0RQWHQPHGLR² LQ ERWK FDVHV DQ DYHUDJH RI  /LNHZLVH DW WZR YHQXHV KHOG LQ $QGDOXVLD²&'1   LQ %HQDKYLV DQG &'1   LQ 0RQWHQPHGLR²DQRWKHU FRQWHV WDQW ,VLGUR 0DOGRQDGR ULGLQJ $1&&(0DULVPHxR/,,,HDUQHG

6L[ \HDU ROG $1&&( %DURQ = KDV FRPSHWHG DQG GHYHORSHG WKURXJKRXW WKH VHDVRQ PRUH WKDQ DQ\ RWKHU KRUVH )URP IRXU DW WKH ILUVW FRPSHWLWLRQ ZKHUH WKH\ SDUWLFLSDWHG²&',   LQ 7ROHGR²WRWKLUGDW$OEDFHWHDQG 0RQWHQPHGLR KH SODFHG ILUVW ZLWK D  DYHUDJH LQ WKH &'1 LQ7ROHGR+RUVHZRPDQ

WKH $1&&( &XS FRPSHWLWLRQV KHOG LQ $QGDOXVLD KDV VKRZQ IDYRUDEOH SURJUHVVLRQ VLQFH KLV ILUVW SHUIRUPDQFH LQ WKH ULQJ -XVW DV ZLWK $1&&( %DURQ = WKH LPSURYHPHQW IURP RQH FRPSHWLWLRQ WR DQRWKHU KDV EHHQ REYLRXVWDNHDORRNDWWKHDYHUDJH RI  HDUQHG DW &'1   LQ %HQDKDYLV ZKLFK PRYHG XS

$1&&(/HYLWyQ$5%ULGGHQE\Ã&#x2030;QJHO'RUDGRLVRZQHGE\ <HJXDGD6DQ$QWRQLR

PDJQLILFHQWVFRUHVDVWKH\QHY HU VOLSSHG EHORZ  $V ZDV WKH FDVH ZLWK $1&&( /HYLWRQ $5% WKH\ SODFHG ILUVW DW ERWK FRPSHWLWLRQV 2ZQHU -RVH -XDQ 0DUWLQH] ZDV GHOLJKWHG ZLWK WKH UHVXOWV DQG FRQILUPHG WKDW ³$1&&( 0DULVPHxR /,,, LV D KRUVHWKDWHQMR\VGRLQJZKDWKH GRHV DQG SHUIRUPV 'UHVVDJH ZLWKORYH7KLVWUDQVODWHVLQKLV GHYHORSPHQWLQWKHODVW\HDU+H LV SURJUHVVLQJ GDLO\ LQ KLV WURW ZKLFK LV H[FHOOHQW DQG ZH DUH UHLQIRUFLQJKLVFDQWHU´

$1&&(



0DULD 3UDGHUDV H[SUHVVHG KHU VDWLVIDFWLRQXSRQVHHLQJKRZKHU KRUVH GHYHORSHG DV WKH VHDVRQ SURJUHVVHG DQG DWWHQGHG PRUH DQG PRUH FRPSHWLWLRQV ³+H LV QRW DQ HDV\ KRUVH WR ULGH EXW KLV SURJUHVV LV REYLRXV HYHQ LI KH ODFNV D ELW RI FRQILGHQFH ZKHQ HQWHULQJ WKH DUHQD DQG JHW QHUYRXV EXW KH LV HDUQLQJ YHU\ JRRGVFRUHV7KHKRUVHZLOOEHLQ VKDSHIRUWKHQH[WYHQXHZKLFKLV LQ2YLHGR´VKHH[SODLQHG $1&&(%DUTXHUR-)ZKRKDV DOVR HVWDEOLVKHG KLV SDWKZD\ DW

WR  DQG VHFRQG SODFH DW WKH ILQDO IRU VL[ \HDUROGV DW WKH &'1   FRPSHWLWLRQ KHOG LQ 0RQWHQPHGLR7KHUHVXOWVHDUQHG E\ WKH DIRUHPHQWLRQHG PHPEHUV RIWKH$1&&(WHDPFRXOGQRWEH DQ\ EHWWHU 3URRI RI WKLV LV WKDW WKH\ ZHUH DOO RQ WKH SRGLXP DW WKH YDULRXV FRPSHWLWLRQV ZKHUH WKH\SDUWLFLSDWHG &RQJUDWXODWLRQV WR \RX DOO IRU WKH KDUG ZRUN DQG H[FHOOHQW UHVXOWV:HZRXOGOLNHWRHQFRXU DJH \RX WR FRQWLQXH KDUYHVWLQJ VXFFHVVHVLQ'UHVVDJHLQ6SDLQ

ZZZDQFFHFRP


'ULYLQJ 7+(&$%3+$(721 0,/25'

7

7H[WDQGSKRWRV-RVp-XDQ0RUDOHV)HUQiQGH]\-RVp9DUR*DUULGR

KLV DUWLFOH VWDUWV ZLWK WKH GHVFULSWLRQ RI RSHQ FDUULDJHVZKLFKVKRXOG EHGULYHQE\DFRDFKPDQ7KH &DE3KDHWRQLVDFLW\FDUULDJH ZLWK D URXQG RU VTXDUH RSHQ

ERG\ ZLWKRXW GRRUV WKH IORRU LV ORZ DQG WKHUH LV D VHDW IRU WZR SDVVHQJHUV IDFLQJ HDFK RWKHUDQGFRYHUHGZLWKDKRRG ,WJHQHUDOO\KDVDQH[WUDVPDOO KLQJHGVHDWZKLFKZDVKLGGHQ

EHORZWKHER[VHDW7KLVDOORZV WKH FDUULDJH WR DFFRPPRGDWH PRUH SDVVHQJHUV LQ D IDFH WRIDFH SRVLWLRQ 7KH ZRRGHQ ER[ VHDW LV IL[HG WR WKH ERG\ ,Q FRQWLQHQWDO (XURSH LW ZDV

,76),1$/6+$3(:$6'(6,*1(' %<7+(/21'21&2$&+%8,/'(5 '$9,''$9,6,1 ,7,6$9(5<$775$&7,9( &$55,$*()25*22':($7+(5 (9(5<7+,1*$%287,7,6 6('8&7,9(/,*+7:(,*+7,1 $33($5$1&(9(5<&20)257$%/( 6($76($6<$&&(66$1' &20)257$%/(67,55836

0LORUGPDQXIDFWXUHGE\0XOKEDFKHURZQHGE\*UHJRULR$UDQGD&DOGHUyQ

$1&&(



ZZZDQFFHFRP


IUHTXHQWO\XVHGDVDVPDUWFDUULDJH DQGLQWKHFLWLHVRIVRXWKHUQ6SDLQ LWLVVWLOOLQXVH 7KH&DE3KDHWRQWRJHWKHUZLWK WKH 9LFWRULD DQG WKH 'XNH LV RQH RI WKH GHVLJQV RULJLQDWLQJ IURP DQ RSHQ FDUULDJH WKDW DSSHDUHG LQ WKH WK FHQWXU\ WKH IRXU ZKHHOHG FDEULROHW ,WV ILQDO VKDSH ZDV GHVLJQHG E\ WKH /RQGRQ &RDFKEXLOGHU 'DYLG 'DYLV LQ 7KHVHYHKLFOHVZHUHZLGHO\ XVHG LQ (XURSHDQ FLWLHV ZKHUH

WKH\ EHFDPH YHU\ IDVKLRQDEOH ,Q (QJODQG DQG E\  WKH\ ZHUHQRORQJHULQXVHE\QRELOLW\ DQG LW ZRXOG DSSHDU WKDW LW ZDV WKH 3ULQFH RI :DOHV WKH IXWXUH (GZDUG 9,, ZKR UHLQWURGXFHG WKHP KDYLQJ VHHQ WKHP XVHG LQ 3DULVDVD+DFNQH\FDUULDJH ,W LV D YHU\ DWWUDFWLYH FDUULDJH IRU JRRG ZHDWKHU HYHU\WKLQJ DERXW LW LV VHGXFWLYH OLJKWZHLJKW LQ DSSHDUDQFH YHU\ FRPIRUWDEOH VHDWVHDV\DFFHVVDQGFRPIRUWDEOH

VWLUUXSV /X[XULRXVO\ PRGHOV ZHUH PRXQWHG RQ HLJKW GRXEOH VXVSHQVLRQHOOLSWLFVSULQJV 7KH &DE 3KDHWRQ PXVW QRW EH FRQIXVHGZLWKWKH9LFWRULDZKLFK ZLOO EH GLVFXVVHG LQ WKH QH[W DUWLFOH7KHRQO\GLIIHUHQFHLVWKDW WKHER[VHDWLQWKH&DE3KDHWRQLV PDGHRIZRRGDQGLVIL[HGWRWKH ERG\LQWKH9LFWRULDLWLVVHWXSRQ DQLURQVKHOODQGFDQEHUHPRYHG WRKDUQHVVLWXSDVD' $XPRQWRU *UDQGH' $XPRQW

)81&,21$0,(172,1&217,1(17$/(8523(,7:$6)5(48(17/<86('$6$60$57 &$55,$*($1',17+(&,7,(62)6287+(5163$,1,7,667,//,186(

(O&DEDOOR(VSDxRO


Driving - Competition

7+(75,803+62)7+(35( +$/):$<7+528*+7+(6($621 E\0DUtD*yPH]

,%(5,$1&83 )25&$55,$*( '5,9,1* 7KH%HVW%DUUDQFR  5REOHVIURP6SDLQ The Purebred Spanish Horse premiered on the 2010 International Competition calendar in the discipline of Carriage Driving with the Iberian Cup. This two-successiveweekend-competition was held ямБrst in Portugal to then conclude in Spain. It was attended by the top whips on the European panorama in the various categories. 7KHUH ZHUH D JRRG QXPEHU RI SDUWLFLSDQWVWKLV\HDUERWKWKHUHJXODUV DW WKLV HYHQW DQG QHZ SURVSHFWV ZKR DUH IDFLQJ WKHLU ILUVW LQWHUQDWLRQDO FRPSHWLWLRQ 6SDQLVK GULYHUV DUULYHG IRU WKHVH WZR ZHHNV RI FRPSHWLWLRQ KDYLQJ OHDUQHG WKHLU OHVVRQV ZHOO WR GHPRQVWUDWHWKDWWKHPRQWKVRIWUDLQLQJ KDYH SUHSDUHG WKH ZKROH WHDP ZHOO 7KLVZDVWKHWHVW$QD)HUQiQGH]ZKR RQO\WRRNSDUWLQWKHILUVWOHJRIWKLVFXS UHPDLQHGLQVL[WKSODFHLQWKHFDWHJRU\ IRU VLQJOHV EDWWOLQJ ULJKW WR WKH HQG ZLWKYHU\H[SHULHQFHGGULYHUVVXFKDV /XLV*DUFtDDQG)UDQFLVFR)ROTXHIURP 3RUWXDO :H DUH DOO IDPLOLDU ZLWK KHU VSLULW DQG GHVLUH IRU LPSURYHPHQW 1R GRXEW ZH ZLOO VHH KHU DPRQJ WKH WRS SODFHVDJDLQWKLVVHDVRQ ,Q WHDPV IRXULQKDQGV  &RUGRYDQ -RVp %DUUDQFR DJDLQ WRRN WKH UHLQV RI D WHDP RI 35( ZLWK KLJK KRSHV DQG H[SHFWDWLRQV ZKHQ FRQIURQWLQJ WKLV QHZ VHDVRQ +H PDQDJHG WR EH -RVH%DUUDQFR&KDPSLRQLQWKH LQKDQGFDWHJRU\

$1&&(



ZZZDQFFHFRP


SURFODLPHG &KDPSLRQ RI WKH ,EHULDQ &XS KDYLQJ VSHQW VHYHUDO \HDUVLQWKHWRSSODFHVLQWKHFDWHJRU\IRUWHDPV,WZDVGLIILFXOW YHU\GLIILFXOWIRUYHWHUDQGULYHU-XDQ5REOHVZKRGHVSLWHZLQQLQJ WKHILUVWZHHNHQGLQ/H]LULDV 3RUWXJDO ZDVXQDEOHWRNHHSDKHDG RI %DUUDQFR¶V QHZ WHDP LQ WKH VHFRQG DQG GHFLVLYH ZHHNHQG DW 0RQWHQPHGLR 6SDLQ 5REOHVZDVUHOHJDWHGWRVHFRQGSODFHEXW E\QRPHDQVZDVWKLVOHVVZRUWK\RIPHULW'XULQJWKHFRPSHWLWLRQ WKH\ZHUHOHYHOSHJJLQJZKLFKKDGQRWRQO\WKHSXEOLFEXWDOVR WKHMXGJHVH[SHFWDQWULJKWXSWRWKHODVWPLQXWHLQWKHFRQHVWHVW 7KH35(ZDVZHOOUHSUHVHQWHGLQWKLVFDWHJRU\ZLWKDWRWDORI IRXUGULYHUVFRPSHWLQJZLWKWKHPDOORIWKHP6SDQLDUGV'ULYHUV VXFKDV&RUGRYDQ$QWRQLR&DUULOORVWRRGRXWZLWKKRUVHVIURPKLV RZQVWXGIDUP&DUULOORWUXHWRWKHEUHHGZDVGULYLQJWKHVRQVRI KLVSUL]HZLQQLQJ³5HDOHMR´WKHVWDUVWDOOLRQRIKLVVWXGIDUP+H WKXVEHJDQDQHZHUDZLWKKLVWHDPRIIRXUKRUVHV:HKRSHLWZLOO EHDVSURVSHURXVDVSUHYLRXVWHDP 9HWHUDQ DQG WLUHOHVV -XDQ 5REOHV FRQWLQXHV WR GHPRQVWUDWH GHVSLWHKLVDJHOHVVRQVRIPDVWHU\LQWKHKDQGOLQJRIKLVUHLQVDQG DQ H[FHOOHQW H[DPSOH RI FRPSHWLWLYHQHVV :LWK KRUVHV IURP WKH eFLMD6LUH6WDOOLRQ6WDWLRQ-XDQ5HDO*DUFtDGH4XLUyVLVVORZO\ EXWVXUO\VKRZLQJKLVVWUHQJWK7KLVGULYHULVDQH[DPSOHZLWKRXW DQ\GRXEWRIWKHQHZEORRGHQWHULQJWKHFDWHJRU\ 7KLVZDVDJRRGVWDUWWRWKHLQWHUQDWLRQDOFRPSHWLWLRQVHDVRQ 7KHUHDUHWZRPDMRUGDWHVWRFRPHWKHILUVWLVLQ5RPHZLWKWKH 6LQJOHV:RUOG&XSWDNLQJSODFHWKHODVWZHHNRI-XO\7KHVHFRQG ZLOOWDNHSODFHLQ/H[LQJWRQ.HQWXFN\LQWKH8QLWHG6WDWHV± GXULQJWKH:RUOG(TXHVWULDQ*DPHVZKHUHZHKRSH WR KDYH 6SDQLVK UHSUHVHQWDWLRQ LQ HDFK DQG HYHU\ RQH RI WKHGLVFLSOLQHV

-XDQ5REOHVZDVVHFRQG LQWKHLQKDQGFDWHJRU\

7+(.,1*·6&83 &21*5(*$7(6 7+(%(6721 7+(63$1,6+ 3$125$0$ This fifth edition was held at the same location as last year; the Dehesa Montenmedio facilities in the province of Cadiz. Twenty-five Spanish drivers took part, along with three from the neighboring Portugal during the month of June when the weather over the weekend was very benevolent to participants, horses and attending audience. $PRQJ WKH ODUJH QXPEHU RI SDUWLFL SDQWV LQ WKH GLIIHUHQW FDWHJRULHV WKH SUHVHQFH RI YDULRXV 6SDQLVK VWXG IDUPV PXVW EH KLJKOLJKWHG LQFOXG LQJ/RV6XHxRVUHSUHVHQWHGE\$QD 0XxR] LQ VLQJOHV ZKR WRRN WKH EURQ]H +HU PDUH &RUUHJLGRU ,9 RQFHDJDLQKHOSHG$QDFRQILUPKHU SUHVHQFH RQ WKH SRGLXP :LWK WKLV YLFWRU\ VKH LV D FOHDU FDQGLGDWH WR UHSUHVHQW 6SDLQ DW WKH IRUWKFRPLQJ 6LQJOHV:RUOG&KDPSLRQVKLSV ,Q WHDPV WKHUH ZHUH WKUHH SURPLQHQW QDPHV $QWRQLR &DUULOOR ZKR KDV EHHQ VORZO\ FRQVROLGDWLQJ D QHZ WHDP RI KRUVHV IURP KLV RZQ VWXG IDUP NQRZQ DV &XHYDV %DMDV DQG -RVp %DUUDQFR ZKR DIWHU D PDJQLILFHQW ZHHNHQG ZDV DZDUGHG WKH VLOYHU PHGDO IRU WKH ILUVW WLPH ZLWK KLV QHZ WHDP RI 35( +RUVHV $V WKH SURYHUE VWDWHV WKHUH DUH QRW WZRZLWKRXWWKUHH-XDQ5REOHVRQFH DJDLQ WRRN KLV SODFH RQ WKH SRGLXP LQWKH.LQJ V&XSZLWKKLVEHDXWLIXO KRUVHVIURPWKHeFLMD6WDOOLRQ6WDWLRQ 7KLV &XS KDV EHFRPH V RQH RI WKH PRVW LPSRUWDQW QDWLRQDO FKDPSLRQVKLSV RQ WKH FDUULDJH GULYLQJFDOHQGDU (O&DEDOOR(VSDxRO


$QD0XxR]JXLGLQJ&RUUHJLGRUD,9ZKLFKLVRZQHGE\<HJXDGD/RV6XHxRV

35(3$57,&,3$7,21$77+(:25/' 6,1*/(6'5,9,1*&+$03,216+,36 Yeguada Los Sueños participated for the first time in the 2010 World Singles Driving Championships, held in Pratoni del Vivaro, Italy, from the 28th of July to the 1st of August. $QD 0XxR] ZLWK WKH PDUH &RUUHJLGRUD ,9 ZDV WKH \RXQJHVW FRPSHWLWRUDWD&KDPSLRQVKLSVRIWKLVLPSRUWDQFHDQGWRWKHVXUSULVH RIDOOWKH(XURSHDQSDUWLFLSDQWV+HUSHUIRUPDQFHZDVPDJQLILFHQW DFKLHYLQJWKHUHFRJQLWLRQRIWKHMXGJHVQRWRQO\IRUKHUSUHVHQWDWLRQ LQWKH'UHVVDJHWHVWREWDLQLQJDDVFRUHWKDWLVVHOGRPDZDUGHG EXW DOVR IRU KHU PDUH¶V SHUIRUPDQFH LQ WKH PDUDWKRQ ZKLFK ZDV D FOHDUH[DPSOHRIVWUHQJWKFRPSHWLWLYHQHVVDQGEUHHG 7KH,WDOLDQVFDOOHG$QDDQG&RUUHJLGRUD,9³EUDYDV´ WKHEUDYHRU GDULQJ DV$QDFRPPHQWHGXSRQKHUUHWXUQWR6HYLOOD6KHZDVYHU\ KDSS\ZLWKKHUSHUIRUPDQFHDQGSURXGRIKHUPDUHZKLFKLVEULQJLQJ KHUVRPDQ\DZDUGVDQGUHFRJQLWLRQV $QD 0XxR] 0DULR 3LQHGD DQG &DUORV 6DQMXDQ ZHUH WKH WKUHH GULYHUV VHOHFWHG DV PHPEHUV RI WKH 6SDQLVK 7HDP E\ WKH 6SDQLVK (TXHVWULDQ)HGHUDWLRQ7KHWHDPOHDGHURQWKLVRFFDVLRQZDV0DQXHO ÒEHGD

$1&&(



ZZZDQFFHFRP


(O&DEDOOR(VSDxRO


$OWD(VFXHOD

7UDGLWLRQ E\-RVp$)GH]/LQHURV

)UDQoRLV5RELFKRQGH/D*XpULQLqUH

)UDQoRLLV 5REL ELFKKRQ GH / /D *XppULLQLq LqUH ) )UDQoRLV L %DXFKKHU $QWRLLQH $QWR LQH GH GH 3O 3OX OXYL YLQH LQHOO )UDQo ) RLV L 5REEL ELFKRQ K  GH G /D *XppULLQLq LqUH )UDQoR )UDQ oRLLV LV %DX %DXFK FKHU KHU $QW $QWRL RLQH LQH GH GH 3O 3OXY XYLLQ LQHO HO O )U )UDQ DQoR oRLV LV 5RE 5RELF LFKR KRQQ GH /D / *XppULQLqUH q  )UDQo ) oRLV %DXFKKHU $QWRLQH GH 3O 3OXYLQHOO )UDQ )U DQoR oRLV LV 5 5RE RELF LFKR KRQQ GH / /DD *X *XpU pULQ LQLq LqUH UH ) )UD UDQo QoRL RLVV %D %DXF XFKH KHUU $QWR $Q WRLQ LQHH GH 3OX 3OXYL YLQH QHOO )UDQoRLV 5RELFKRQ GH /D *XpULQLqUH )UDQoR )UDQ oRLLV LV%DX %DXFK FKHU KHU$ $QWWRL RLQH LQHGH GH3O 3OXY 3O XYLLQ LQHOO)UDQo ) RLV5 L 5REL ELFKRQ K GH G /D*Xp *XpUL ULQL QLqU qUHH)U )UDQ DQoR oRLV LV%DX %DXFK FKHU HU$QW $QWRL RLQH QHGH GH3O 3OXY XYLQ LQHO HO)U )UDQ DQoR oRLV LV 5REELFKRQ K  GH G /D *XpULQLq p qUH )UDQoR o LV % %DXFKHU K  $QWRLQH $  GH G 3OXY 3O XYLQ LQHO HO)UDQoRLV5RELFKRQGH/D*XpULQLqUH)UDQoRLV%DXFKHU $QWWRLLQH GH 3O 3OXYLQHO L O )UDQoRLLV 5REL ELFKKRQ GH /D / *XppULLQLq LqUH )UDQoR )UDQ oRLLV LV%DX %DXFK FKHU KHU$ $QWWRL RLQH LQHGH GH3O 3OXY 3O XYLLQ LQHOO)UD )UDQo QoRL RLVV5R 5REL ELFK FKRQ RQGH GH /D*Xp *XpUL ULQL QLqU qUHH)U )UDQ DQoR o LV%DX oR %DXFK FKHU HU$QW $QWRL RLQH QHGH GH3O 3OXY XYLQ LQHO HO)UDQoR o LV 5RELFKRQ GH /D *XpULQLqUH )UDQoRLV %DXFKHU $QWRLQH GH 3OXYLQHO )UDQoRLV5RELFKRQGH/D*XpULQLqUH)UDQoRLV%DXFKHU $QWR $Q WRLQ LQHH GH 3OX 3OXYL YLQH QHOO )U )UDQ DQoR oRLV LV 5RE 5RELF LFKR KRQQ GH /D /D *X *XpU pULQ LQLq LqUH UH )UDQ )U DQoR o LV%DX oR %DXFK FKHU HU$QW $QWRL RLQH QHGH GH3O 3OXY XYLQ LQHO HO)UDQo ) oRLV5 L 5REL ELFKRQ K GH G /D*Xp *XpUL ULQL QLqU qUHH)U )UDQ DQoR oRLV LV%DX %DXFK FKHU HU$QW $QWRL RLQH QHGH GH3O 3OXY XYLQ LQHO HO)UDQoRLV 5REELFKRQ K  GH G /D *XpULQLq p qUH )UDQoRLV % %DXFKHU K  $QWRLQH $  GH G 3OXY 3O XYLQ XY LQHO LQ HO)UD )UDQo QooRL RLVV5R 5REL ELFK FKRQ RQGH GH/D /D*Xp *XpUL ULQL QLqU qUHH)U )UDQ DQoR o LV%DX oR %DXFK FKHU HU $QWRLQH GH 3OXYLQHO )UDQoR o LV 5RELFKRQ GH /D *XpULQLqUH ) 5REELFKRQ K )UDQoRLV %DXFKHU $QWRLQH GH 3OXYLQHO )UDQoRLV GH /D GH /D *Xp *XpUL pULQLq LQLq LqUH UH )UD )UDQo QoRL RLV LV %DXF %DXFKKHU KHU $QW $QWRL WRLQH LQH GH GH 3O 3OX OXYL YLQH LQHOO

/HWXVSUHVHUYHZKDWFDQEHSUHVHUYHGRIDQFLHQWHTXLWDWLRQDQGOHWXV LPSURYHZKDWLVLPSURYDEOH

:

DV WKH SDVW UHDOO\ EHWWHU" , KDYH XVHG TXHVWLRQ PDUNV IRU D SKUDVH WKDW LV RIWHQ KHDUG DV D VWDWHPHQW DV WLPH LWVHOI KLVWRU\ LWVHOIUHIXWHV1RWKHROGGD\VZHUH QRWQHFHVVDULO\EHWWHU+XPDQNLQG KDV GHYHORSHG DQG ZLWK WKHP HYHU\WKLQJ DURXQG WKHP 7RGD\ OLIH LV EHWWHU WKDQ LW ZDV VHYHUDO \HDUV DJR QRW WR PHQWLRQ VHYHUDO FHQWXULHV DJR ,W LV WUXH WKDW HDFK SRLQW LQ WLPH KDV KDG LWV JRRG WKLQJV \HV DQG WKHVH WKLQJV DUH ZKDWZHPXVWWU\WRSUHVHUYHDQG LI DW DOO SRVVLEOH LPSURYH 1RW HYHU\WKLQJ IURP WLPHV SDVW LV

$1&&(



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

SDVVHGLQWRKLVWRU\DVJUHDWULGHUV LQQRYDWRUV DQG FUHDWRUV 7KH\ WRRN DGYDQWDJH RI WKH NQRZOHGJH RI WKHLU IRUHIDWKHUV DQG FRQWLQXHG SURJUHVVLQJDQGLPSURYLQJRQZKDW DOUHDG\ H[LVWHG WKH\ LQWURGXFHG QHZ PHWKRGV DQG FRQFHSWV 7KH\ ZHUH QRW FRQVHUYDWLYHV WKH\ GLG QRW OLPLW WKHPVHOYHV WR FRS\LQJ WKH³WUDGLWLRQDO´ZD\RISUDFWLFLQJ HTXLWDWLRQ 7KLVLVWKHVWFHQWXU\7RGD\ KRUVHV ZLWK H[WUDRUGLQDU\ TXDOLW\ DUH EUHG PXFK EHWWHU WKDQ EHIRUH WKH\ DUH VWURQJHU PRUH HODVWLF ZLWK EHWWHU SDFHV DQG EHWWHU FKDUDFWHU:HKDYHVRPHHQYLDEOH

ZZZDQFFHFRP


)UDQoRLV%DXFKHU DUHQDV ZLWK VXUIDFHV GHVLJQHG WRDEVRUEWKHVKRFNRIWKHKRRYHV DQGSURWHFWWKHWHQGRQVDQGMRLQWV :H KDYH DQDWRPLFDO VDGGOHV WKDW KHOS \RX WR VLW ZHOO ZKLOH DW WKH VDPH WLPH GR QRW KXUW WKH EDFN RI WKH KRUVH :H KDYH PDQ\ DQG JRRG VFKRROV ZKHUH ZH FDQ DFTXLUH WKH ILUVW QRWLRQV RI ULGLQJ DQG ZH KDYH WKH PHGLD ERRNV PDJD]LQHV YLGHRV HWF  WKDW LV VR

$QWRLQHGH3OXYLQHO LV QRW GHILQHG E\ WKH KDUQHVV WKH FORWKHV RU WKH ORFDWLRQ LQ ZKLFK LW LV FDUULHG RXW DQG DOWKRXJK LW LV YHU\ SUDLVHZRUWK\ WR VHHN WR SUHVHUYH WKH WUDGLWLRQDO ZD\V RI D JROGHQ DJH ZKHQ HTXLWDWLRQ WRRN JLDQW VWHSV :H FRXOG IDOO LQWR WKH HUURU RI ³FRS\LQJ´ QRW RQO\ WKH IRUP EXW DOVR WKH VXEVWDQFH ,WLVDEHDXWLIXOVSHFWDFOHWRVHHD ULGHU ZLWK KLVKHU KRUVH DGRUQHG

GRQ¶WIRUJHWWKDWZKDWLVUHDOO\LP SRUWDQW LV ZKDW ZH GR LQVLGH WKH DUHQD:KDWGRHVLWPDWWHULIWKH JURXSV RI H[HUFLVHV ZH SHUIRUP DUH FDOOHG D ³WHVW´ RU D ³JDPH´" :KDW LV WUXO\ LPSRUWDQW LV WKDW ZKHQZHH[HFXWHWKHPZHGRVR ZLWKTXDOLW\DQGZLWKUHVSHFWIRU FODVVLF HTXLWDWLRQ ,Q WKH DQFLHQW 5RPDQ(PSLUHZKDWZDV³WUDGL WLRQDO´ ZDV WKDW WKH VODYHV ZHUH

:KDWLVWUXO\LPSRUWDQWLVWKDWZKHQZHH[HFXWHWKHPZHGRVRZLWKTXDOLW\ DQGZLWKUHVSHFWIRUFODVVLFHTXLWDWLRQ GHYHORSHG WKDW LW LV ZLWKLQ UHDFK RIDQ\RQHZKLFKEHIRUHZDVRQO\ WUDQVIHUDEOH RUDOO\ WKH WHFKQLTXH WR SHUIRUP JRRG HTXLWDWLRQ ,Q WKH SUHVHQW GD\ DQG DJH LI \RX GRQ¶W OHDUQ LW¶V EHFDXVH\RXGRQ¶W ZDQWWROHDUQ$OWD(VFXHOD +LJK 6FKRRO LVDFRQFHSWWKDWUHIHUVWR WKHOHYHOUHDFKHGE\DKRUVHLQLWV WUDLQLQJ WKH PD[LPXP OHYHO ,W

LQWKFHQWXU\WUDSSLQJVEXWLWLV VRPXFKPRUHEHDXWLIXOZKHQWKH SDLUWUDQVPLWVKDUPRQ\OLJKWQHVV FDOPQHVV DQG H[SUHVVLRQ LQ HDFK RI LWV PRYHPHQWV WKDW LW LV WKH WUXH HVVHQFH RI WKLV H[KLELWLRQ HYHU\WKLQJHOVHLVRQO\GHFRUDWLRQ :K\ GR ZH QRW XVH DQ DUHQD PDUNHGZLWKV\PEROVUDWKHUWKDQ OHWWHUV"2IFRXUVH ZHFRXOG EXW

HDWHQ E\ WKH OLRQV LQ WKH FLUFXV )RUWXQDWHO\ WRGD\ OLRQV GR QRW HDW SHRSOH IRU WKH HQWHUWDLQPHQW RI RWKHUV DQG D FUXHO WUDGLWLRQ KDV GLVDSSHDUHG +RZHYHU ZKDW KDV EHHQ SUHVHUYHG XQWLO WRGD\ LVWKHORFDWLRQLQZKLFKWKLVWRRN SODFH WKH DPSKLWKHDWHU D PDJ QLILFHQW DUFKLWHFWXUDO ZRUN WKDW KDV VHUYHG WR LQVSLUH RXU DUFKL

(O&DEDOOR(VSDxRO


(QJUHLGR9ULGGHQE\-RVH0LJXHO(JHDLV RQZHGE\'HKHVD/D*UDQMD

3KRWR%RE/DQJULVK

7KHHVVHQFHRI$OWD(VFXHODLVZKHQKRUVHDQGULGHUWUDQVPLWKDUPRQ\ OLJKWQHVVFDOPQHVVDQGH[SUHVVLRQLQHDFKRILWVPRYHPHQWVWKDWLWLVWKHWUXH HVVHQFHRIWKLVH[KLELWLRQHYHU\WKLQJHOVHLVRQO\GHFRUDWLRQ WHFWV WR GHVLJQ PRGHUQ WKHDWHUV DQGDXGLWRULXPV /HW XV SUHVHUYH ZKDW FDQ EH SUHVHUYHG RI DQFLHQW HTXLWDWLRQ DQG OHW XV LPSURYH ZKDW LV LPSURYDEOHZKLFKLVDJUHDWGHDO /HWXVUHVFXHIURPWKHSDVW²LIZH IHHOOLNHLW²WKHVHWWLQJLQVFHQH EXW OHW XV WDNH DGYDQWDJH RI WKH H[SHULHQFHVRIDOOWKHULGHUVZKR KDYH SUHFHGHG XV /HW XV OHDUQ IURP WKHLU WHDFKLQJV DQG IURP WKHLUPLVWDNHVDQGOHWXVLPSURYH RQ WKHLU HTXLWDWLRQ /HW XV QRW

$1&&(



ZDVWH WKH RSSRUWXQLW\ WKH\ GLG QRW KDYH RI ULGLQJ WKHVH KRUVHV ZKLFKKDYHVRPXFKTXDOLW\DQG OHW XV SHUIRUP HTXLWDWLRQ WR WKH EHVWRIWKHFLUFXPVWDQFHVDQGWKH HUDLQZKLFKZHOLYH ,I ZH RQO\ ZRUU\ DERXW WKH IRUPV DQG QRW DERXW WKH VXE VWDQFH WKRVH ³OLRQV´ RI KLVWRU\ ZLOO RQFH DJDLQ EH HDWLQJ WKRVH ³VODYHV´RIWUDGLWLRQ 7KH 6SDQLVK 5LGLQJ 6FKRRO RI 9LHQQDFRQWLQXHVWREHDUHIHUHQFH IRU FODVVLFDO HTXLWDWLRQ DQG QRW

WKDQNVWRLWVXQLIRUPVEXWIRUWKH TXDOLW\RILWVHTXLWDWLRQZKLFKOLNH RWKHU ZRUNV RI DUW KDV VXUYLYHG WLPH,WLVDUHIHUHQFHIRULQVSLUDWLRQ WR DOO WKRVH ZKR ZLVK WR SHUIRUP WUXH HTXLWDWLRQ SUHVHUYLQJ WKH XVHV RI WLPHV SDVW WKH ULJRU WKH VREULHW\ WKH GLVFLSOLQH WKH FRXUWHV\ D FOHDQ WHFKQLTXH DQG DQ LQFRPPHQVXUDEOH ORYH DQG UHVSHFW IRU KRUVHV 7KHVH DUH WKH WUXH ³GHFRUDWLRQV´ RI D FODVVLF ULGHUZKRZDQWVWRSHUIRUP$OWD (VFXHOD

ZZZDQFFHFRP


(TXHVWULDQ7UDGHV

E\0DUtD6iH]GH3URSLRV

-XDQ*DU]Ã&#x2039;Q(VFRED

$QDWXUHVHUYLQJWHDPVWHU o+RUVHVDUHP\ZD\RIOLIHp


,

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yQ(VFRED $ FRXQWU\PDQ DW KHDUW -XDQ *DU]y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³5HDO &DEDxD GH &DUUHWHURV´ WKH 5R\DO7HDPVWHU&RPSDQ\ ,QWKH SDVWWKLVSURIHVVLRQZDVZHOOFRQ VLGHUHG DQG HYHQ HQMR\HG FHUWDLQ

o6SDQLVK+RUVHVDUH JRRGEHFDXVHWKH\ DUHQREOHREHGLHQW DQGEHDXWLIXO, GRQRWOLNHRWKHU KRUVHVWKDWDUHQRW 6SDQLVKp

SULYLOHJHVVXFKDVWKHULJKWWRXVH SDVWXUHODQGVDQGH[HPSWLRQIURP PLOLWDU\VHUYLFH 7KLV WLPH RI \HDU DXWXPQ  FR LQFLGHV ZLWK KXQWLQJ 7KURXJKRXW WKH PRXQWDLQV DQG IRRWKLOOV RI 6SDLQ WKH VHDVRQ LV RSHQ IRU KXQWHUV WR FDUU\ RXW WKLV DFWLYL W\7KLVLVZKHQDQLPDOVDUHLQD FOHDUO\ SRVLWLRQ LQIHULRU WR PDQ NLQG DQG LV VXERUGLQDWH WR KLV ZLOO$FFRUGLQJWR -RVp 2UWHJD\ *DVVHW ³7KHUHIRUH ZKHQ KXQWLQJ IRUVSRUWWKHUHLVDIUHHGRPZKHUH E\ PDQ UHQRXQFHV WKH VXSUHPDF\

RI KLV KXPDQLW\ 7KLV LV WKH HV VHQFH RI KLV HOHJDQFH ,QVWHDG RI GRLQJ HYHU\WKLQJ WKDW DV D KX PDQKHFRXOGGRKHDVVRFLDWHVKLV RYHUZKHOPLQJEHKDYLRUWRLPLWDWH QDWXUHLQRWKHUZRUGVE\FKRLFH KHUHYHUWVEDFNDQGUHHQWHUVLQWR QDWXUH´ 7KH VHUHQLW\ DQG SHDFH RI FRQWHPSODWLQJ DQLPDOV LV EURNHQ E\VRUGLGVKRWVEDUNLQJGRJVDQG KXQWLQJKRUQVWKDWIRUHZDUQRIWKH LPSHQGLQJ DFWLRQ 7KH H[SORVLRQV RI HQHUJHWLF DQG SRZHUIXO VRXQGV FUHDWH WKH VRXQG RI LQFRQJUXHQW FKRUGVZLWKDQLUUHJXODUEHDWXQWLO WKH\ HQG LQ DQ DEVROXWH VLOHQFH WKXV JLYLQJ ZD\ WR WKH ZRUN RI -XDQ*DU]yQ,WLVDVLOHQFHZKLFK LQPDQ\FDVHVLVPRUHPHDQLQJIXO WKDQ D ZRUG RU WKDQ DQ\ RWKHU VRXQG $IWHU WKH KXQWHUV¶ REVHUYDWLRQ DWWHQWLRQVLOHQFHDQGDLPLWLVWLPH IRU-XDQ*DU]yQWREHJLQZRUNLQJ +LVEHLQJLQWXQHZLWKQDWXUHDQG DQLPDOV²HVSHFLDOO\ KRUVHV DQG PXOHV²WRJHWKHUZLWKFKDQFHZHUH WKHGHWRQDWLQJIDFWRUVRIKLVFDUHHU /LWWOH E\ OLWWOH IULHQG DIWHU IULHQG

(O&DEDOOR(VSDxRO


VXJJHVWHGWKDWKHKHOSLQWKHKXQWV XQWLO LW EHFDPH KLV OLYHOLKRRG +H RFFDVLRQDOO\SDUWLFLSDWHGLQKXQWV FROOHFWLQJ WKH SUH\ DQG PRYLQJ LW RYHUWKHGLIILFXOWDQGUXJJHGWHUUDLQ WKDW ZDV LQDFFHVVLEOH WR YHKLFOHV +HH[SODLQVWKDWWKH\³XVXDOO\KXQW GHHU ERDU DQG PRXIORQ ELJKRUQ VKHHS ´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

$1&&(



7KHPRVW FRPSOLFDWHGWDVNLV WKHEDWWOHDJDLQVW WKHKDUVKDQG GLIILFXOWFRQGLWLRQV RIWKHWHUUDLQ

PRUH VXLWDEOH LW FDQ FDUU\ WZR +LV LWLQHUDU\ LV GHILQHG E\ WKRVH LPSDVVDEOH SODFHV ILOO RI FORVHG LQ XQGHUJURZWK DQG HYHQ ULYHUV DOWKRXJK-XDQDVVXUHVWKDWWKHPRVW FRPSOLFDWHGSDUWRIWKLVRFFXSDWLRQ LV WR JHW WKURXJK WKH HQWDQJOHG XQGHUJURZWK ,Q DGGLWLRQ KH FHUWLILHV WKDW ³PXOHV DUH EHWWHU DW WKLV ZRUN WKDQ KRUVHV VLQFH E\ QDWXUHWKH\DUHVWURQJHUDQGZRUN PRUH FDOPO\ VR WKH\ VWDQG XS WR PRUHWKDQKRUVHV+HKDVD6SDQLVK 6WDOOLRQ DQG D PDUH WKDW KH DOVR XVXDOO\ XVHV DW KXQWV ³6SDQLVK +RUVHVDUHJRRGEHFDXVHWKH\DUH QREOHREHGLHQWDQGEHDXWLIXO,GR

QRW OLNH RWKHU KRUVHV WKDW DUH QRW 6SDQLVK´ 7KH KRRI SULQWV VWRS DORQJ WKH WUDFN WR SLFN XS HDFK GHHU ZLOG ERDURUPRXIORQWKDWDUHURSHGWR WKHPXOHVRWKDWLWFDQEHGUDJJHG XQWLO HDVLHU JURXQG LV UHDFKHG %HWZHHQDQGDQLPDOVFDQ EHFROOHFWHGDWDQ\JLYHQKXQW-XDQ JXLGHV HDFK PXOH ZKLFK ZHDUV D KDQGPDGH FROODU DWWDFKHG WR WZRKDXODJHURSHVWKDWDUHLQWXUQ DWWDFKHG WR D ZRRGHQ ³WUHH´ WKDW VHUYHV WR VHSDUDWH WKH URSHV 7KH ³WUHH´ KDV DQRWKHU URSH DWWDFKHG WR LW WKDW LV NQRWWHG WR WKH DQLPDO DQGDOORZVWKLVWREHWRZHGE\WKH PXOHRUWKHKRUVHDQGGUDJJHGWR DFFHVVLEOH ODQGV KDYLQJ EROGO\ KXUWOHGHDFKREVWDFOH +RZHYHU WKH ZRUN ERWK ZLWK PXOHVDQGKRUVHVVWDUWVZHOOEHIRUH WKHDFWXDOKXQW)LUVW\RXKDYHWR VHOHFW WKH DQLPDOV EHFDXVH ³QRW HYHU\ DQLPDO LV VXLWHG WR KHDY\ ZRUN LQ PRVW FDVHV EHFDXVH WKH\ ODFNWKHQHFHVVDU\VWUHQJWKWRFRSH ZLWKWKHZHLJKWRIDGHDGDQLPDO´ 7UDLQLQJ LV WKHQ UHTXLUHG VR WKDW WKH\ FDQ IXOILOO WKHLU WDVN RQ WKH GD\RIWKHKXQW³,WLVQHFHVVDU\WR

ZZZDQFFHFRP


+LVILUVWVWHSV DVDWHDPVWHU ZHUHJUDQWHG WRKLPE\FRUN RDNVZLWKWKH FRUNKDUYHVW WKUHHGHFDGHV DJR

(O&DEDOOR(VSDxRO


o1RWHYHU\DQLPDOLVVXLWHGWRKHDY\ZRUNLQPRVWFDVHVEHFDXVHWKH\ODFN WKHQHFHVVDU\VWUHQJWKWRFRSHZLWKWKHZHLJKWRIDGHDGDQLPDOp WUDLQWKHPVRWKDWWKH\OHDUQKRZ WR WRZ WKH FDUFDVVHV 7KH ZRUN , GR DW KRPH LV WR WUDLQ WKHP WR JHW XVHG WR WRZLQJ ZHLJKW OLWWOH E\OLWWOH³:HWUDLQWKHPWRWRZD KHDY\ ZKHHO VR WKH\ JHW XVHG WR XVLQJWKHLUVWUHQJWKDQGWRWRZLQJ ,WLVDOVRQHFHVVDU\WRWHDFKWKHP WRVWRSDQGDOOWKHKDQGOLQJ´ 7KLV LV DOVR D VHDVRQDO WUDGH EHFDXVH WKH KXQWLQJ VHDVRQ UXQV IURP 2FWREHU WR )HEUXDU\ $V -XDQ FRPPHQWV WKH FXUUHQW HFRQRPLF VLWXDWLRQ KDV UHGXFHG WKH QXPEHU RI KXQWV DOWKRXJK HYHQVRKHXVXDOO\GRHVEHWZHHQ DQGD\HDU,WLVDKDUGMRE WKDW FRQVWLWXWHV ³-XDQ V GDLO\ EUHDG´ DQG WKDW DOWKRXJK LW DSSHDUVWREHIURP\HVWHU\HDUKLV NQRZOHGJHKDVQRWEHHQORVWEXW KDVQRZSDUWRIKLVVRQ VPHPRU\

$1&&(



DQG WKDW RI KLV VRQLQODZ ZKR DFFRPSDQ\KLPDWHDFKKXQW 7KHFRUNKDUYHVW

,Q DQ\ FDVH KLV LQLWLDO RFFXSDWLRQ KLV ILUVW VWHSV DV D WHDPVWHUZHUHJUDQWHGWRKLPE\ FRUN RDNV ZLWK WKH FRUN KDUYHVW WKUHH GHFDGHV DJR 7KH KXQWLQJ VHDVRQ HQGV ZKHQ ZRUN RQ WKH FRUNRDNVEHJLQVLQWKHPRQWKVRI -XQH-XO\DQG$XJXVW6XPPHULV ZKHQ FRUN WUHH VKRZ PD[LPXP JURZWKZKLFKLQWXUQIDYRUVWKH GHWDFKPHQWRIWKHEDUN FRUN DQG LQIOLFWVOHDVWGDPDJHWRWKHOLYLQJ WLVVXH (YHU\ HLJKW RU QLQH \HDUV KH PHHWV XS ZLWK WKHVH VDPH ROG FRUNRDNVWKDWRQFHDJDLQDUHLQ QHHGRIKLVKHOS 7KLVLVDWDVNWKDWLVVLPLODUWR ZKDW KH SHUIRUPV IRU WKH KXQWV

EHFDXVHWKHREMHFWLYHLVWKHVDPH EXW ZLWK VOLJKW YDULDWLRQV ,Q WKLV FDVH WKH FRUN LV ORDGHG RQWR WKH DQLPDOV¶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

ZZZDQFFHFRP


(O&DEDOOR(VSDxRO


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

(48,1(5(+$%,/,7$7,21

7(&+1,48(6)25)81&7,21$/5(&29(5< 'U$OHMDQGUR&DUORV*XJOLHOPLQHWWL 9HWHULQDULDQ +\SHUEDULF0HGLFLQH6HUYLFH 5HKDELOLWDWLRQ&HQWHU.DZHOO(TXLQH+RVSLWDO DOHMDQGURJXJOL#FHQWURNDZHOOFRPDU

$1&&(



'U0DUWD*DUFtD3LTXHUHV

9HWHULQDULDQ (TXLQH3K\VLRWKHUDS\DQG5HKDELOLWDWLRQ6HUYLFH 5HKDELOLWDWLRQ&HQWHU.DZHOO(TXLQH+RVSLWDO PDUWDSLTXHUHV#FHQWURNDZHOOFRPDU U

ZZZDQFFHFRP


(TXLQH UHKDELOLWDWLRQ FHQWHUVZKLFKRSHQ WKHLUGRRUVWRSURYLGH YLWDOWKHUDSHXWLFFDUHLQ WKHUHFRYHU\RILQMXULHV WRWKHPXVFXORVNHOHWDO V\VWHPKDYHDULVHQ GXHWRWKLVQHHG

(

TXLQHUHKDELOLWDWLRQ SURJUDPVXVHWHFKQLTXHV GHULYHGIURPKXPDQSK\VLFDO WKHUDS\ZKLFKSXUVXHWKHIROORZLQJ REMHFWLYHV Æ&#x201D;(OLPLQDWLRQRISDLQLQDQHIIRUW WRDYRLGFKURQLFSDLQRYHUWLPH DQGWKHSRVVLEOHFRPSHQVDWLRQV GHULYHGIURPWKDWSDLQ PXVFXODU DWURSK\WLVVXHUHWUDFWLRQ SURSLRFHSWLRQGHILFLWV« 

Æ&#x201D;5HSDLULQMXUHGWLVVXHXVLQJ DYDULHW\RIHOHFWURWKHUDS\ PHWKRGVWKDWKDYHD ELRÆ&#x201D;VWLPXODWLQJHIIHFWRQ WLVVXHV Æ&#x201D;)XQFWLRQDOUHFRYHU\RIWKH DIIHFWHGDUHDHVSHFLDOO\ LQWKRVHFDVHVWKDWUHTXLUH SURORQJHGFRPSOHWHUHVW Æ&#x201D;3UHYHQWLRQRIUHODSVHWKDW LVWRVD\DYRLGLQJWKDWDQ LQMXU\RFFXUVDJDLQGXHWR DQLQFRUUHFWWLVVXHUHSDLU RULQDGHTXDWHWKHUDSHXWLF ZRUN Æ&#x201D;2SWLPL]DWLRQRIWKH SK\VLFDODQGDWKOHWLF SRWHQWLDOE\PHDQVRI G\QDPLFWKHUDSLHVWKDW DOORZWKHKRUVHWRUHFRYHU LWVSK\VLFDOVKDSH SULRU WRWKHLQMXU\ ZLWKRXWVDLG LQMXU\EHLQJDJJUDYDWHGE\ ZRUN

3+<6,&$/7+(5$3(87,& 75($70(177(&+1,48(6

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

(O&DEDOOR(VSDxRO


3K\VLFDOWKHUDS\ WHFKQLTXHVLQFOXGH VXUIDFHSURSLRFHSWLYH DQGDTXDWLFWKHUDSLHV

IDYRU WLVVXH UHSDLU 7HFKQLTXHV VXFK DV PDJQHWRWKHUDS\ XOWUD VRXQG ODVHU HOHFWURVWLPXODWLRQ HOHFWURDQDOJHVLD GLDWKHUP\ SKR WRQWKHUDS\ LRQWRSKRUHVLV HWF DUH XVHG 7KHUDSHXWLF ZRUN LQFOXGHV DOO WKRVH G\QDPLF H[HUFLVHV GHVLJQHG IRU WKH PDLQWHQDQFH DQGRU UHHV WDEOLVKPHQWRIPRWRUIXQFWLRQ Æ&#x201D;6XUIDFH WKHUDSLHV LQFOXGH OXQJLQJ ZRUN RQ ORQJ UHLQV ZRUN RQ D KRUVHZDONHU ZRUN RQDWUHDGPLOODQGULGGHQZRUN Æ&#x201D;$TXDWLF WKHUDSLHV DUH RQH RI WKHI LUVWWRROVWKDWDUHXVHG ZLWK KRUVHV LQ UHFRYHU\ WKH\ FDQ EH HVWDEOLVKHG HDUO\ RQ DV LW HQDEOH WKH KRUVH WR ZRUN XQGHU FRQGLWLRQV RI IORWDWLRQ

$1&&(



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Æ&#x201D;:KHQ WKHUH LV DQ LQMXU\ WKH RUJDQLVP UHDGDSWV LWV SRVWXUH DQG PRYHPHQW WR PLQLPL]H GDPDJH DQG WR UHGXFH WKH IHHOLQJ RI WKH SDLQ ZKLFK FDXVHV WKH DSSHDUDQFH RI JLYLQJXS3URSLRFHSWLYHZRUN DFKLHYHV E\ PHDQV RI QHUYH VWLPXODWLRQ WKH G\QDPLF UH HGXFDWLRQDQGUHDGDSWDWLRQRI FRUUHFW SRVWXUDO DQG G\QDPLF SDWWHUQV 6RPH H[DPSOHV RI WKLV ZRUN DUH H[HUFLVHV ZLWK ZHLJKWV RQ WKH OLPEV ZRUN RQ SURSLRFHSWLRQ DUHQDV GLIIHUHQW WHUUDLQV ZLWKLQ D VKRUW DUHD  RYHU SROHV RQ VORSHV

ZZZDQFFHFRP


7+(+<3(5%$5,&0(',&,1( $6$683325772(48,1( 3+<6,27+(5$3<

'HILQLWLRQV +\SHUEDULF SUHVVXUH KLJKHU WKDQDWPRVSKHULFSUHVVXUH +\SHUEDULF 7KHUDS\ RFFXUV ZKHQDSDWLHQWEUHDWKHVDVSHFLILF JDVZKLOHWKH\H[SHULHQFHDKLJKHU WKDQQRUPDOSUHVVXUHRQWKHLUERG\ +%27 +\SHUEDULF 2[\JHQ 7KHUDS\WKHVSHFLILFJDVLVR[\JHQ +\SHUEDULFR[\JHQDWLRQWKHUDS\ LV D PHGLFDO WUHDWPHQW E\ ZKLFK WKH SDWLHQW LV DGPLQLVWHUHG SXUH R[\JHQ DW D KLJKHU WKDQ QRUPDO SUHVVXUH7KLVSURFHGXUHLVFDUULHG RXWLQDLUWLJKWFRQGLWLRQVFDOOHGD K\SHUEDULF FKDPEHU ZKLFK FRXOG EHRQHRIWZRW\SHV Æ&#x201D;3UHVVXUL]HGZLWKFRPSUHVVHG DLUWKHSDWLHQWUHFHLYHVR[\JHQ XQGHUSUHVVXUHWKURXJKDPDVN Æ&#x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

(O&DEDOOR(VSDxRO


7KHVH EHQHILWV DUH DFKLHYHG HVVHQWLDOIRUFUHDWLQJVFDU WKDQNVWR WLVVXH  Æ&#x201D;$QJLRJHQHVLV QHR Æ&#x201D;5HIOHFWLYHQRQK\SR[LF YDVRFRQVWULFWLRQZKLFK YDVFXODUL]DWLRQ  GHFUHDVHVWKHHGHPDWKXV Æ&#x201D;,WDELOLW\WRLQFUHDVHWKHDFWLRQ DOORZLQJFLUFXODWLRQWREH RIFHUWDLQDQWLELRWLFV UHHVWDEOLVKHGLQYHUWLQJ Æ&#x201D;,WJHUPLFLGHDFWLRQ IRU K\SR[LDDQGVWRSSLQJWLVVXH DQDHURELFPLFURRUJDQLVPV  GDPDJHFDXVHGE\WKHLQFUHDVH Æ&#x201D;,WUHHVWDEOLVKHVWKHJHUPLFLGH LQK\GURVWDWLFSUHVVXUH FDSDFLW\RIWKHQHXWUSKLOHV Æ&#x201D;7KHVWLPXODWLRQRIWKHFROODJHQ 2WKHUPHGLFDOXVHVIRUK\SHUEDU SURGXFWLRQRIWKHILEUREODVWV LFPHGLFLQHLQFOXGHFRPSOHPHQWDU\

WUHDWPHQW IRU FROLF DFXWH DQG FKURQLF ODPLQLWLV RVWHRP\HOLWLV IUDFWXUHV LQWHUQDO DEVFHVVHV LH UKRGRFRFFXVLQIRDOV SUREOHPDWLF ZRXQGV ZLWK VFDULQJ GLIILFXOWLHV EOHHGHUV H[HUFLVHLQGXFHG OXQJ KHPRUUKDJHV SRVWH[HUFLVHUHFRY HU\DQGWKHSUHSDUDWLRQIRUVHYHUH GHPDQGFUDQLDOWUDXPDDQGVRPH QHXURORJLFDOLQMXULHVFDUERQPRQ R[LGHSRLVRQLQJEXUQVDHULDODQG JDVHRXVHPEROLVPVHWF

+\SHUEDULFFKDPEHUZKHUHKRUVHVDUHSODFHGWRUHFHLYHR[\JHQWKHUDS\

$1&&(



ZZZDQFFHFRP


(O&DEDOOR(VSDxRO


$ 1 '$ /86, $

1DWLRQDO$VVRFLDWLRQV $1'$/8&,$135(%5(('(56·$662&,$7,21

WK&'1 $1&&(&XS DQGWK<RXQJ+RUVH6HOHFWLRQ7HVWV 7KH WK &'1  $1&&( &XS DQG WKH WK <RXQJ+RUVH6HOHFWLRQ7HVWVDQG<RXQJ5LGHUV 7HVWV WRRN SODFH LQ WKH PDJQLILFHQW IDFLOLWLHV RI WKH 0DUEHOOD &OXE +LSLFD (TXHVWULDQ &OXE LQ%HQDKDYtV(VWHSRQD2UJDQL]HGE\ WKH $QGDOXVLDQ 35( %UHHGHUV¶ $VVRFLDWLRQ &DEDOOR $QGDOX] LQ FROODERUDWLRQ ZLWK $1&&(WKHHYHQWUDQIURPWKHQGWRWKRI -XO\ 7KH MXGJHV DW WKH FKDPSLRQVKLS ZHUH 0DULDQR 6DQWRV 3UHVLGHQW RI WKH -XGJLQJ SDQHO 06RO+HUUHURV5RVD*DUFtD0DXULxR DQG$JXVWtQ$UDJRQDQGWKH5HSUHVHQWDWLYHRI WKH)HGHUDWLRQ%ODQFD0W]YDUDGH5H\$WRWDO RIKRUVHVDQGULGHUVSDUWLFLSDWHGDQGWKHWHVWV

ZHUHSHUIRUPHGZLWKWRWDOVSRUWVPDQVKLSDQGD JUHDWDWPRVSKHUHEHWZHHQWKHSDUWLFLSDQWVDQG WKHDWWHQGLQJSXEOLF /DVWO\ WKH RUJDQL]DWLRQ RI WKH FRPSHWLWLRQ PXVWEHKLJKOLJKWHGDVLWZDVH[TXLVLWH7KH RUJDQL]HUV WRRN PD[LPXP FDUH DW HDFK DQG HYHU\PRPHQWSD\LQJDWWHQWLRQWRDOOWKHGHWDLOV WRDLGDOOWKRVHDWWHQGLQJ6SHFLDOWKDQNVPXVW EHJLYHQWRWKRVHUHVSRQVLEOHIRUWKH0DUEHOOD &OXE +LSLFD IRU WKHLU DYDLODELOLW\ WR &iQGLGR 7DUGtR IRU KLV XQFRQGLWLRQDO VXSSRUW RI WKH FKDPSLRQVKLSWR-DYLHU)ORUIRUKLVSURIHVVLRQDO VSLULW XQGHUWDNLQJ WKH WHFKQLFDO VHFUHWDULDW DQG WR WKH HTXHVWULDQ VWRUH &ORH 0DUEHOOD IRU VSRQVRULQJWKHSUL]HVIRUWKHSDUWLFLSDQWV


6HEDVWLiQ%DVWLGD&OLQLFLQ7HQHULIH $ FOLQLF RQ WKH SUHVHQWDWLRQ FRQIRUPDWLRQ DQG IXQFWLRQDOLW\RIWKH35(LPSDUWHGE\6HEDVWLDQ %DVWLGD 3RUUDV ZDV KHOG RQ WKH WK WK DQG WKRI-XQH7KHHYHQWZDVKRVWHGE\WKH&HQWUR +tSLFR /D &RUGLOOHUD (TXHVWULDQ &HQWHU  LQ 7HQHULIHLQFROODERUDWLRQZLWK$1&&( $WRWDORISHRSOHDWWHQGHGZKRZHUHDPL[WXUH RI $&&&( PHPEHUV DQG QRQPHPEHUV ,W ZDV D YHU\ LPSRUWDQW FOLQLF LQ ZKLFK D JUHDW GHDO ZDV OHDUQHGERWKLQWHUPVRIWKHRU\²SURYLGHGLQWKH PRUQLQJV²DQG DW WKH SUDFWLFDO VHVVLRQV LQ WKH DIWHUQRRQV,QJHQHUDOLWZDVRIJUHDWLQWHUHVWDV XSRQUHWXUQLQJKRPHZHDOOIHOWVDWLVILHGIRUKDYLQJ OHDUQHGVRPHWKLQJPRUHDERXWWKHIDQWDVWLFZRUOG RI WKH FRQIRUPDWLRQIXQFWLRQDO FRPSHWLWLRQV DQG DERYHDOOWKHIDEXORXV6SDQLVK+RUVH

(O&DEDOOR(VSDxRO

&$1$5< ,6/$1'6

&$1$5<35(%5(('(56·$662&,$7,21 $&&&(


$8675$/,$

,QWHUQDWLRQDO$VVRFLDWLRQV 1(:6 )520 $8675$/,$

%DELHFD;;;,;RZQHG E\<HJXDGD&DQGDXLV ULGGHQE\$XVWUDOLDQULGHU $QWKRQ\/HZLV

&KDQJHVLQWKH PDQDJHPHQW

7KHUH KDYH EHHQ VRPH FKDQJHV LQ WKH GLUHFWRUVKLS LQ WKH SDVW IHZ PRQWKV &DWKHULQH 1LFKROOV ZDV QHDULQJ WKH HQG RI KHU WKUHH \HDU WHUP DV 3UHVLGHQW RI WKH 35($$ DQG KDV VWHSSHG GRZQ5LWD*DOODZD\LVRXUQHZ LQFRPLQJ3UHVLGHQW/LNHZLVHRXU 5HJLVWUDU 9LFWRULD 2VND KDG WR VWHS GRZQ IRU SHUVRQDO UHDVRQV DQG&DWKHULQH1LFKROOVKDVILOOHG WKHSRVLWLRQDV5HJLVWUDUWKHUH &RQJUDWXODWLRQV$QWKRQ\

,Q UHFHQW PRQWKV WKHUH KDV EHHQ H[FHOOHQW QHZV IURP 6SDLQ 2QH RI RXU EUHHGHUV LQ $XVWUDOLD KDV IRU WKH SDVW  \HDUV D VRQ OLYLQJ DQG ZRUNLQJ LQ 6SDLQ +LV QDPH LV $QWKRQ\ 3HOOLQJ DQG KH LV WKH KHDG ULGHU IRU <HJXDGD &DQGDX+HUHFHQWO\FRPSHWHG ZLWK %DELHFD ;;;,; LQ WZR &'1 HYHQWV%HQDKDYtVDQG 0RQWHQPHGLR ZKHUH KH ZDV

$1&&(



SODFHGDPRQJWKHWRSSODFHVLQ WKH3UL[6W*HRUJHV $WERWKFRPSHWLWLRQVKHFRPSHWHG DJDLQVW YHU\ ZHOO NQRZQ 6SDQLVK ULGHUV:HOOGRQH$QWKRQ\:HDUH UHDOO\SURXGRI\RX

DOLPLWHGQXPEHURIKRUVHVZHUH SXWWKURXJKZKLOHWKHVWXGERRN ZDVRSHQ$VDUHVXOWRQO\DERXW DWKLUGRIWKHKRUVHVLQ$XVWUDOLD DUHLQWKH6SDQLVK6WXG%RRN

)DUHZHOOWR,QIDQWH;;;9,, DQG(O7LJUH

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

:HDUHYHU\VDGWRKDYHWRUHSRUW WKH GHDWK RI WZR VLUH VWDOOLRQV LQ $XVWUDOLD ,QIDQWH ;;;9,, LPSRUWHG IURP 6SDLQ E\ /HLJK %XUQVGLHGRQWKHWK-XQHDQG (O7LJUHD35(VWDOOLRQERUQDQG EUHG LQ $XVWUDOLD 8QIRUWXQDWHO\ KHGLHGRQKLVRZQHU¶VGDXJKWHU¶V ZHGGLQJGD\,WLVDJUHDWORVVIRU $XVWUDOLD %DVLF$VVHVVPHQWIRU %UHHGLQJ6WRFN

$JDLQ ZH SODQ WR KROG D YDORUDWLRQWULSODWHURQWKLV\HDU LQ2FWREHURUHDUO\1RYHPEHUWR DSSURYHPRUHKRUVHVIRUEUHHGLQJ KHUH 7KH '1$ SRRO LV YHU\ OLPLWHGKHUHLQ$XVWUDOLDDVRQO\

,PSRUWLQJJHQHWLFPDWHULDO

ZZZDQFFHFRP


,VUDHO LV D VPDOO FRXQWU\ ZLWK D ORW RI LQWHUHVW LQ KRUVHV  7KHUH DUH D ZLGH UDQJH RI EUHHGV DQG ULGLQJVW\OHVLQWKHFRXQWU\ZLWK LQWHUQDWLRQDO OHYHO FRPSHWLWLRQV LQ GUHVVDJH VKRZMXPSLQJ DQG UHLQLQJ 7KH 35( EUHHG LV VORZO\ EHFRPLQJ DQ DFFHSWHG DQG HVWDEOLVKHGEUHHGLQ,VUDHO2YHU WKH SDVW IHZ \HDUV D QXPEHU RI 35( IRDOV KDYH EHHQ ERUQ ORFDOO\ DQG WKH 35( ,VUDHO $VVRFLDWLRQ ZDV HVWDEOLVKHG WR ZRUN ZLWK $1&&( WR SURGXFH WKH SDSHUZRUN IRU WKHVH IRDOV $1&&(LVZRUNLQJFORVHO\ZLWK ,VUDHOWRUHJLVWHUDQGDVVHVVHDFK QHZKRUVH 2QH H[DPSOH RI D ORFDOO\ EUHG ILOO\ LV $QQDEHOOD EHORQJLQJ WR 1LULW DQG 6KORPL 0LFKDHO 7KH

1LULW0LFKDHORZQHURIWKHFROW

0LFKDHO¶V ZHUH LQWURGXFHG WR 5DIDHO /RSH] &DQGHO E\ $YL &RKHQ RI 0DOLEX &DOLIRUQLD DQGERXJKWWKHLQIRDO1DUDQMHUD ;/,,IURPKLP$QQDEHOODZDV VXEVHTXHQWO\ERUQLQ,VUDHO7KH 0LFKDHO¶VDUHWKULOOHGZLWKERWK WKHPDUHDQGWKHILOO\³1RWRQO\ DUHWKHVHWZRKRUVHVEHDXWLIXO´ VDLG 1LULW 0LFKDHO ³EXW WKHLU FKDUDFWHU DQG SHUVRQDOLW\ LV VR ZRQGHUIXO :H DUH FRPSOHWHO\ FRPPLWWHG WR WKH 35( EUHHG DQG KRSH WR KDYH PDQ\ PRUH EHDXWLIXO 35(V RQ WKH JURXQG RYHUWKHQH[WIHZ\HDUV´ $QQDEHOOD LV GXH WR UHFHLYH D YLVLW IURP WKH $1&&( UHSUH VHQWDWLYH ³IO\LQJ YHW´ VKRUWO\ WR XQGHUJR KHU UHJLVWUDWLRQ SURFHVV DORQJ ZLWK ILYH RWKHU KRUVHV

7KH ,VUDHOL DVVRFLDWLRQ WKDQNV $1&&( IRU DOO WKH KHOS LW KDV UHFHLYHG VLQFH LWV UHFHQW FUHDWLRQ  ³:H DUH YHU\ SOHDVHG ZLWKWKHOHYHORIFRRSHUDWLRQZH KDYH UHFHLYHG IURP $1&&(´ VDLG &DUPHQ 0DNRYHU 35( ,VUDHO $VVRFLDWLRQ 3UHVLGHQW ³7KH\ DUH YHU\ VXSSRUWLYH RI RXU DGPLQLVWUDWLYH DQG RXU PDUNHWLQJ QHHGV :H KDYH EHHQ SHUIRUPLQJH[WHQVLYHPDUNHWLQJ DFWLYLWLHVDQG$1&&(KDVEHHQ UHVSRQVLYH WR DOO RXU UHTXHVWV :H ORRN IRUZDUG WR D ORQJ DQG IUXLWIXOFRRSHUDWLRQ´ /DVWO\ 35( ,VUDHO KDV DSSRLQW HG $OH[ =LOR DV LWV +RQRUDU\ &KDLUPDQDVWKDQNVIRUKLVFRO ODERUDWLRQDQGIRUWKHDJJUHVVLYH PDUNHWLQJFDPSDLJQLQWKHORFDO PDUNHW

3KRWR+DJD\2IIHQ

(O&DEDOOR(VSDxRO

,65 $ (/

7+(1(;7*(1(5$7,21


, 7$ /< 8$,35('(%87$7&$9$//,$0,/$12 7+(,17(51$7,21$/)$,5 7KH HTXHVWULDQ IDLU &$9$//, D 0,/$12 KHOG IURP WKH VW WR WK RI 2FWREHU LV D PDMRU LQWHUQDWLRQDO HTXHVWULDQ IDLU IRU KRUVH HQWKXVLDVWV 2QFH DJDLQ LW LVSUHSDUHGWRZHOFRPHKRUVHVDQG SHRSOH IURP DOO RYHU WKH ZRUOG 7KHUH DUH D YDULHW\ RI LPSRUWDQW LQQRYDWLRQV WKLV \HDU VXFK DV WKH 6SDQLVK +RUVH 3DYLOLRQ ZKHUH 8$,35(ZLOOEHWKHKRVWVDQGZKHUH 35(EUHHGHUVDQGHQWKXVLDVWVIURP ,WDO\ ZLOO FRQFHQWUDWH WKURXJKRXW WKHIRXUGD\HYHQW3DYLOLRQZLOO EHLQIDFWWKH³KRPH´RIWKH35( WREHFRPHDOLWWOHFRUQHURI6SDLQ ,Q JHQHUDO WKHUH DUH PDQ\ KLJKOHYHO FRPSHWLWLRQV SUR JUDPPHG IRU WKLV \HDU EXW 35(UHODWHG HYHQWV LQFOXGH D &RQIRUPDWLRQ)XQFWLRQDO FRP SHWLWLRQWKDWLVDTXDOLILHUIRUWKH 6SDQLVK1DWLRQDO&KDPSLRQVKLSV )LQDO WR EH KHOG DW 6,&$% WKH ,WDOLDQ 'RPD 9DTXHUD DQG $OWD (VFXHOD 6SDQLVK +LJK 6FKRRO  &KDPSLRQVKLSVDQGIRUWKHILUVW WLPH WKH &$9$//, D 0,/$12 &XS D 'UHVVDJH SHUIRUPDQFH

$1&&(



FRPSHWLWLRQ VHW WR PXVLF UH VHUYHG IRU 3XUHEUHG 6SDQLVK +RUVHV  7KLV LV QRW WKH HQG RI WKH HYHQWV RIIHUHG $W WKH HYH QLQJ*DODWKHVWDUVRIWKHVKRZ ZLOO EH 6SDQLVK +RUVHV DQG LW ZLOOEHSUHVHQWHGE\DODG\ULGHU ZKR LV D JUHDW KRUVH HQWKXVL DVW 1DWDOLD (VWUDGD DFWUHVV DQG ,WDOLQDWHOHYLVLRQVWDU7KH6KRZ WKDQNVWRWKHOHYHORIWKHIDPRXV SDUWLFLSDQWV LV FRQVLGHUHG WR EH WKH PRVW EHDXWLIXO LQ WKH ZRUOG 7KLV \HDU DPRQJ WKH FDSWLYDW LQJ OLJKWV DQG PXVLF 6HEDVWLDQ )HUQiQGH] DPRQJVW RWKHUV ZLOO DSSHDU LQ WKH DUHQD DORQJ ZLWK KLV ULGHUV ZLWK VL[ 35( VWDO OLRQVSHUIRUPLQJWKHDLUVRI$OWD (VFXHOD 6SDQLVK +LJK 6FKRRO  6HEDVWLDQ )HUQiQGH] ZLWK KLV 'RPD9DTXHUDSHUIRUPDQFHZLOO DOVR EH SUHVHQWLQJ D VSHFWDFXODU JDUURFKD QXPEHU )RU WKH ILUVW WLPH WKRVH ZKR DUH IRQG WUDGLWLRQDO (XURSHDQ VW\OH ULGLQJ ZLOO HQMR\ WKH VW VWDU 4XDOLILHG 1DWLRQDO 6KRZ -XPSLQJ &RPSHWLWLRQ DQG WKH

&$9$ //, D  &21 ) 521 72 D EUHHGHUV¶ HYHQW UHVHUYHG IRU \RXQJ KRUVHV ERUQ LQ  DQG IRU FROWV DQG ILOOLHV DJHG  DQG  \HDUV IURP WKH EHVW JHQHDORJLFDO OLQHV LQ (XURSH $GUHQDOLQH SURPLVHV WR EH WKH EDVLF LQJUHGLHQW LQ WKH ILUVW 6L[ 1DWLRQV +RUVHEDOO ZKLFK LV D TXDOLILHU IRU QH[W \HDU¶V &RQWLQHQWDO&KDPSLRQVKLSV1R GRXEW &$9$//, D 0,/$12 ZLOOEHQRWRQO\DJUHDWHYHQWRQ WKH(TXHVWULDQ)DLUFDOHQGDUEXW DQ XQIRUJHWWDEOH H[SHULHQFH IRU KRUVHHQWKXVLDVWV Z Z Z  F D Y D O O L D P L O D Q R  L W SURYLGHV DOO WKH LQIRUPDWLRQ \RX FRXOG SRVVLEOH QHHG LQFOXGLQJ UHVHUYLQJDKRWHOWLFNHWSXUFKDVH HYHQ UHJLVWHULQJ WR WDNH \RXU KRUVHWRWKH)DLU6KRXOG\RXZLVK WR FRQWDFW 8$,35( DERXW WKH VKRZRUWKHFRPSHWLWLRQVVHQGDQ HPDLOWRLQIR#XDLSUHFRP ZZZXDLSUHFRP  *DUURFKDDORQJSROHXVHGWRWHVWILJKWLQJ EXOOVLQWKHILHOG

ZZZDQFFHFRP


E\,QPDFXODGD5RGUtJXH]

(03$48(,9 TXDOLÀHVIRUWKH*HUPDQ3DUDHTXHVWULDQ'UHVVDJH7HDP

"The success of Empaque IV in this Paraolympic discipline is due to his loyalty, and his wanting to totally please the person in the saddle"

(

PSDTXH,9D35(RZQHGE\ &DVD(VWDQTXHDQGEUHGE\ <HJXDGD 9DOHQWt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

DQ DGGHG KDQGLFDS ,W WRRN VRPH WLPHWRPDNHKHDGZD\EXWZLWKD JUHDWGHDORIHIIRUWDQGZRUNWKH\ ZRQ WKH *HUPDQ FKDPSLRQVKLSV DQGTXDOLILHGIRUWKHQDWLRQDOSDUD HTXHVWULDQWHDP 7KLV VXFFHVV DUULYHG MXVW DIWHU DQ DUWLFOH ZDV SXEOLVKHG LQ WKH *HUPDQ HTXHVWULDQ SUHVV VWDWLQJ WKDW 6SDQLVK +RUVHV DQG %DURTXH EUHHGV KDYH QR SRVVLELOLW\ RI ZLQQLQJ 'UHVVDJH FRPSHWLWLRQV QR PDWWHU WKH W\SH &XUUHQWO\ "We immediately fell in love with him, even though we had not wanted to buy any more horses, as we already owned a very good stallion at that time. He has a very special ability to move with an almost perfect cadence"

WKH SDLU WUDLQV RQFH D ZHHN ZLWK 6WHIDQLH :LWWPDQQ D YHU\ ZHOO NQRZQ *HUPDQ 'UHVVDJH ULGHU DQG DOVR ZLWK 'LUN 0ORW WKH *HUPDQ3DUDHTXHVWULDQ'UHVVDJH 7HDPWUDLQHULQ:DUHQGRUI 7KH VXFFHVV RI (PSDTXH ,9 LQ WKLV 3DUDRO\PSLF GLVFLSOLQH LV GXH WR KLV OR\DOW\ DQG KLV ZDQWLQJ WR WRWDOO\SOHDVHWKHSHUVRQLQWKHVDG GOH³(PSDTXH,9LVQRWVRHDV\WR ULGHDVKHDSSHDUVKHLVDYHU\HQ HUJHWLF KRUVH DQG VRPHWLPHV KH LV WRR DFWLYH +RZHYHU KH WUXVWV -XOLDQH WRWDOO\ DQG KH GRHV DEVR OXWHO\HYHU\WKLQJIRUKHU+HOHDUQV YHU\TXLFNO\DQGFDXJKWRQDWRQFH WR KHU VSHFLDO ZD\ RI ULGLQJ ZLWK MXVWRQHKDQG,QDGGLWLRQKHLVD KRUVHZLWKDQH[WUHPHO\H[WHQGHG WURW ZKLFK LV ZKDW PRVW LPSUHVV HVDQGVXUSULVHVWKHSXEOLFDQGWKH

(O&DEDOOR(VSDxRO

*(50$1<

63$1,6++256(6217+(1$7,21$/ *(50$1$1'0(;,&$1'5(66$*(7($06


MXGJHV +H PRYHV KLV ERG\ ZLWK HOHJDQFH DQGZLWKDJUHDWVRIW QHVV´ H[SODLQHG KLV RZQHU)UDQ]LVND6KH ODWHU H[SODLQHG WKDW VKH DQG KHU KXVEDQG *HRUJ :H\HU KHDUG RIKLVVXFFHVVE\SXUH FKDQFH ,Q  WKH\ WUDY HOHGWR-HUH]WRYLVLWWKH KRUVH )DLU DQG ZKLOH WKHUHWKH\YLVLWHGWKH VWXGIDUPZKHUHWKH\ VDZ (PSDTXH ,9 ³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´ ,WZDVKLVRZQHU)UDQ]LVNDZKR WRRN KLP WR FRPSHWH DW WRS OHYHO DGDSWHG'UHVVDJHDQGLWDOOVWDUWHG

$1&&(



ZKHQ VKH PHW D SK\VLFDOO\ FKDO OHQJHGULGHUWKUHH\HDUVDJR³,VDZ D\RXQJZRPDQZLWKRXWDOHJDQG DQDUPULGLQJDKXJHZDUPEORRG KRUVH RQ D WUDLQLQJ FRXUVH DQG , ZDVWRWDOO\IDVFLQDWHGE\KHUDELOLW\ WRULGHGUHVVDJHDWDKLJKOHYHOEXW DWWKHVDPHWLPH,NQHZLPPHGL DWHO\WKDWLWZRXOGKDYHEHHQ KLP

"PRE horse are more comfortable, have better attitude, are very active and forward going and, although they are full of energy, they are easier to handle. Above all, Spanish stallions are very attached to their disabled riders"

PXFK HDVLHU IRU KHU WR ULGH D 35( KRUVH DV WKH\ DUH JHQHUDO O\ PRUH FRPIRUWDEOH KDYH EHWWHU DWWLWXGH DUH YHU\ DFWLYH DQG IRUZDUGJRLQJDQGDO WKRXJKWKH\DUHIXOORI HQHUJ\ WKH\ DUH HDV LHU WR KDQGOH $ERYH DOO 6SDQLVK VWDOOLRQV DUH YHU\ DWWDFKHG WR WKHLU GLVDEOHG ULG HUV´ ,W ZDV WKLV ULGHU ZKR LQWURGXFHG KHU WRWKHFXUUHQWULGHURI (PSDTXH ,9 -XOLDQH 7KHXULQJ ³6KH ZDV VRPHZKDWVNHSWLFDODW ILUVWDVVKHKDGQHYHU ULGGHQD35(KRUVHDQGLQDGGL WLRQDVWDOOLRQEXWDIWHUD\HDURI YHU\KDUGWUDLQLQJWKH\VHHPWREH DQUHDOGUHDPWHDP´VKHFRQFOXG HG 7KH KRUVHV RQ DQ\ SDUD HTXHVWULDQ WHDP KDYH WR IXOILOO WKH VDPH KHDOWK DQG GRSLQJ UHJXODWLRQVDVDOOWKHRWKHUKRUVHV FRPSHWLQJLQ.HQWXFN\WKHVDPH KROGVWUXHIRUWKHLUWUDLQLQJZKLFK LV DV UHJXODWHG DV IRU DOO RWKHU KRUVHV 7KH 3DUDRO\PSLF SDLU LV QRZ FRPSOHWLQJ WKH ILQDO GHWDLOV EHIRUHJRLQJWRWKH86$WRSURGXFH WKH EHVW VFRUH DQG WR UHWXUQ WR *HUPDQ\ZLWKDPHGDO :HZLVKDOOWKHEHVWIRU(PSDTXH ,9 DQG IRU -XOLDQH DQG ZH KRSH WKH\FDQGHPRQVWUDWHWKHTXDOLWLHV RI WKH 35( LQ 3DUDHTXHVWULDQ 'UHVVDJHWRWKHZRUOG

ZZZDQFFHFRP


,QGLYLGXDODQGWHDPEURQ]HZLQQHU DWWKHVW&HQWUDO$PHULFDQDQG&DULEEHDQ*DPHV

“He has a spectacular trot; he is always able to maintain a good rhythm, putting all his heart into the extensions. He has an extraordinary canter, full of cadence and with a great deal of shine”

"Anccemex Naval is a very generous horse, who gives everything he has with an incredible attitude and an extraordinary physiqueo"

$

Q F F H P H [  1 D Y D O  RZQHGE\/RXUGHV$UL]D DQG EUHG E\ 6SDQLVK EUHHGHUÈOYDUR0XJXUX]DKDVEH FRPHDWUXHSURPLVHIRU0H[LFDQ GUHVVDJH7KLV\HDUROG6SDQLVK +RUVH ZDV VHOHFWHG DV D PHPEHU RI WKH 0H[LFDQ 'UHVVDJH 7HDP WR SDUWLFLSDWH LQ WKH VW &HQWUDO $PHULFDQ DQG &DULEEHDQ *DPHV +HOGLQ-XO\WKHVHJDPHVZHUHFHO HEUDWHG LQ WKH FLW\ RI 0D\DJH] 3XHUWR 5LFR  7KHUH KH ZRQ WKH EURQ]H PHGDO LQ ERWK LQGLYLGXDOV DQG WHDPV ZLWK DQ DYHUDJH VFRUH RI  $QFFHPH[ 1DYDO LV FXUUHQWO\ FRQVLGHUHG WR EH WKH EHVW 'UHVVDJH KRUVH LQ 0H[LFR H[SODLQHG KLV RZQHU /RXUGHV D IHZ GD\V DIWHU WKH *DPHV FRQ FOXGHG +H LV VR SURPLVLQJ WKDW

KH LV VSRQVRUHG E\ WKH 0H[LFDQ 35 ( %UHHGHUV¶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³+HKDVD VSHFWDFXODUWURWKHLVDOZD\VDEOH WRPDLQWDLQDJRRGUK\WKPSXWWLQJ DOOKLVKHDUWLQWRWKHH[WHQVLRQV+H KDVDQH[WUDRUGLQDU\FDQWHUIXOORI FDGHQFH DQG ZLWK D JUHDW GHDO RI VKLQH,QWKHFROOHFWHGSDFHVKHLV DSLFWXUHSRVWFDUG´$UL]DSURXGO\ FODULILHG +H VWRRG RXW XS WR WKH IRXUWK OHYHO VLQFH KH ZDV D FROW EXW WKH NH\ WR KLV VXFFHVV ZDV SXWWLQJ $QFFHPH[ 1DYDO LQ WKH KDQGV RI DJRRGSURIHVVLRQDOULGHU$QWRQLR 5LYHUD +H KDV WUXO\ PDGH WKH GLIIHUHQFHE\PDNLQJWKHPRVWRI WKH H[FHOOHQW TXDOLWLHV WKLV KRUVH KDVWRRIIHU

(O&DEDOOR(VSDxRO

0 (; ,&2

$QFFHPH[1DYDO $6SDQLVK+RUVHRQWKH0H[LFDQ1DWLRQDO'UHVVDJH7HDP


/RXUGHV $UL]D DFTXLUHG WKLV KRUVH VHYHQ \HDUV DJR 2Q RQH RI KHU YLVLWV WR 6SDLQ VKH VRXJKW RXW EUHHGHU Ã&#x2C6;OYDUR 0XJXUX]D EHFDXVH VKH KDG UHFHQWO\ VHHQ D KRUVHZLWKKLVEUDQGRQWKH8QLWHG 6WDWHV GUHVVDJH WHDP²LQ WKDW FDVH LW ZDV *DXFKR DQ DUWLFOH ZDVSXEOLVKHGLQDSUHYLRXVLVVXH 6KHZDVLQWHUHVWHGLQDUHODWLYHRI WKLV VDPH KRUVH LQ WKH HQG VKH SXUFKDVHG VHYHUDO \RXQJVWHUV DQG DJRRGKRUVH.LHO1HYHUWKHOHVV WKH KRUVH VKH KDV DOZD\V ORYHG ZDV$QFFHPH[1DYDO6KHVSHDNV RI KLP DV D YHU\ JHQHURXV KRUVH ZKR JLYHV HYHU\WKLQJ KH KDV ZLWKDQLQFUHGLEOHDWWLWXGHDQGDQ H[WUDRUGLQDU\SK\VLTXH 7KLVKRUVHDOUHDG\KDVSURJHQ\ RQH RI ZKLFK KDV VWDUWHG WUDLQLQJ YHU\ VORZO\ DQG ZLWK JUHDW H[SHFWDWLRQ /RXUGHV H[SODLQHG WKDW ³WKHVH KRUVHV OHDUQ TXLFNHU WKDQDQ\RWKHUVDQG\RXPXVWXVHD ORWRISV\FKRORJ\ZLWKWKHP´

$1&&(



He stood out up to the fourth level since he was a colt, but the key to his success was putting Anccemex Naval in the hands of a good professional, rider Antonio Rivera

6KH  K D V  D QRW KH U  KRU VH /HYDQWH ,,, EUHG E\ 6ROD 1RJDOHV ZKR LV DOVR SURYLQJ WR EH IDQWDVWLFDOO\ VXFFHVVIXO LQ 0H[LFDQ'UHVVDJH+HLVWKHRQO\ 35(RQWKHQDWLRQDOWHDPWKDWKDV JRQH WR .HQWXFN\ IRU WKH 1RUWK $PHULFDQ -XQLRU DQG <RXQJ 5LGHU&KDPSLRQVKLSV,WZDVWKH 0H[LFDQ (TXHVWULDQ )HGHUDWLRQ ZKR UHTXHVWHG /RXUGHV $UL]D WR KHU KRUVH WR 0H[LFR DW WKHVH FKDPSLRQVKLSV LQ WKH 8QLWHG 6WDWHV³7KLVKRUVHZDVTXDOLILHG ZLWKRXW HYHQ VWULYLQJ IRU LW , OHQW KLP WR D \RXQJ \HDU ROG ULGHU 0DXULFLR /DQGD VLQFH

P\ GDXJKWHU ZDV VWXG\LQJ DEURDG DQG FRXOG QRW ULGH KLP ,W ZD V  D  V X U SU LVH  ZKH Q W KH VHDVRQ KDG RQO\ EHJXQ DQG KH DFKLHYLQJ H[FHOOHQW UHVXOWV² DOZD\V H[FHHGLQJ  LQ WKH MX Q LRU FDW HJRU \´ H[ SOD L QH G $UL]D  6KH FODULILHG WKDW KH LV D KRUVH ZLWK WKUHH YHU\ FOHDQ SDFHV D IRUPLGDEOH FKDUDFWHU DQG FRQFHQWUDWLRQ DQG ZLWK DQ H[W UDRUGLQDU \ HDVH IRU UHOD[DWLRQ ³+LV VWUHQJWK LV KLV FDQWHU DQG WKH ZDON KH ZDONV OLNHD&HQWUDO(XURSHDQKRUVH´ VKHFRQFOXGHG $1&&( ZRXOG OLNH WR FRQJUDWXODWH \RX /RXUGHV RQ WKHZRQGHUIXOSURPRWLRQDOZRUN IRUWKH35(\RXDUHFDUU\LQJRXW LQ0H[LFRDQGLQDODUJHSDUWRI WKH ZRUOG /LNHZLVH \RX PXVW EH FRQJUDWXODWHG IRU \RXU WZR 6SDQLVK+RUVHVRQWKH0H[LFDQ QDWLRQDO GUHVVDJH WHDPV LQ WKH GLIIHUHQWFDWHJRULHV

ZZZDQFFHFRP


7KHJRDORIWKLVVHFWLRQLVWRSURYLGHDVSDFHIRUDVVRFLDWLRQVWKURXJKRXWWKHZRUOG ZKHWKHURUQRWWKH\DUHOLQNHGWR$1&&(ZKRVHREMHFWLYHLVWRGHIHQGDQGSURPRWHWKH35(

7+(1$7,21$/35(%5(('(56·$662&,$7,212)&2/20%,$ $1&&(&2/20%,$

The National PRE Breedersâ&#x20AC;&#x2122; Association of Colombia (ANCCE-COLOMBIA), previously known as the Colombian PRE Breedersâ&#x20AC;&#x2122; Association (ASCOPRE) was created in 1998 with the stud farms Yeguada Santa Cruz, Yeguada Moralejos, Yeguada La Querencia and Yeguada Agua y Manto, based on the need to maintain the purity of the breed and its control within the Columbia.

&ROOHUDKHUGLQJÃ&#x20AC;JKWLQJEXOOV

7

KH PDLQ REMHFWLYHV EHKLQG WKLVDVVRFLDWLRQZDVWRKDQ GOH KDQGOLQJ RI WKH 35( 6WXG %RRN LQ &RORPELD WR EULQJ EUHHGHUV WRJHWKHU LQ DQ HIIRUW WR IROORZFRPPRQSROLFLHVUHJDUGLQJ WKH35(DQGWRPDLQWDLQUHJLVWHUV DQGDOOWKHGRFXPHQWDWLRQSHUWDLQ LQJWR35(EUHHGLQJDQGWKH6WXG %RRN &XUUHQWO\ $1&&(&2/20%,$ KDV  PHPEHU VWXG IDUPV WKDW DUHOLVWHGEHORZDQGVL[PRUHWKDW PD\ZRUNLQJRQWKHLUPHPEHUVKLS $JXD\0DQWR$OFD]DEDGHO9LHQWR $OWR GH /D &UX] %DOOHVWULQTXH

&KLORHFKHV &XUD]DR (O 0RQWH (O 6DXFHGDO +LHUUR GHO &LHOR /D 4XHUHQFLD /D 6HUHQD /D 7RUUH /RV/DJRV0RUDOHMRV6DQWD&UX] DQG9LVWD+HUPRVD 7KH SULQFLSDO DFWLYLWLHV FDUULHG RXW E\ WKH DVVRFLDWLRQ DUH WKH DGPLQLVWUDWLRQ DV UHSUHVHQWDWLYHV RI WKH 6SDQLVK 6WXG %RRN LQ &RORPELD KROGLQJ &RQIRUPDWLRQ )XQFWLRQDO FKDPSLRQVKLSV IRU WKH EUHHGEHLQJ SUHVHQW DW HTXHVWULDQ HYHQWV DQG DFWLYLWLHV VSUHDGLQJ WKHZRUGDERXWDQGSURPRWLQJWKH 35( LQ DOO LWV GLVFLSOLQHV EHLQJ SUHVHQW LQ WKH PHGLD DQG ODVWO\

XSJUDGLQJ WKH :HEVLWH ZZZ DQFFHFRORPELDFRP 7KHDVVRFLDWLRQKDVDQH[FHOOHQW WHDP RI XQLWHG DQG FRPPLWWHG EUHHGHUV DQG IDPLOLHV ZLWK 35( REMHFWLYHV ERWK QDWLRQDOO\ DQG JOREDOO\ ,Q DGGLWLRQ WKH\ DUH WRWDOO\ FRPPLWWHG WR WKH JHQHWLF LPSURYHPHQW RI WKH EUHHG 7KLV WUDQVODWHVLQWRUHFHQW35(LPSRUWV 6RIDULQPRUHWKDQKRUVHV IURP VHOHFW VWXG IDUPV LQ 6SDLQ KDYHDUULYHG7KH&RORPELDQVWXG IDUPV ZLWK 35( +RUVHV VWDQG RXW IRU WKHLU GLVFLSOLQH LQ JRRG EUHHGLQJPDQDJHPHQWDVWKH\DUH

(O&DEDOOR(VSDxRO

&2/20%,$

,17(51$7,21$/$662&,$7,216


FRQVWDQWO\ UHIUHVKLQJ LQIRUPDWLRQ DERXWQXWULWLRQDOFRQFHSWVDVZHOO FDUU\LQJRXWDQWKRURXJKVHOHFWLRQ RIWKHEUHHG 7KH DVVRFLDWLRQ VWLOO KDV QHHGV DQG SUREOHPV WKDW PHDQ WKDW LW LV QRW DGYDQFLQJ DV PXFK DV PLJKW EH GHVLUDEOH 7KH JUHDWHVW RI WKHVH SUREOHPV LV LPSRUWLQJ KRUVHV IURP 6SDLQ GXH WR WKH KHDOWK UHTXLUHPHQWV LQ &RORPELD $ UHYLVLRQ RI KHDOWK SURWRFROV ZRXOG KDYH D PDMRU LQIOXHQFH RQ WKH HQWUDQFH RI KRUVHV IURP

WKHP LV WKDW WKHUH VKRXOG EH LQVWUXFWRUV VSHFLDOL]HG LQ WKH YDULRXVHTXHVWULDQGLVFLSOLQHVVXFK DV WKH 'UHVVDJH 'RPD 9DTXHUD +LJK 6FKRRO DQG &RQIRUPDWLRQ 4XDOLILHGVWDIIDVKDQGOHUVJURRPV ULGHUV DQG LQVWUXFWRUV DUH ODFNLQJ LQ&RORPELD /DVWO\ $1&&(&2/20%,$ UHTXHVWV VXSSRUW IURP WKH DFFUHGLWHG GLSORPDWLF FRUSV LQ &RORPELD ZLWK UHJDUGV WR WKH SRSXODUL]DWLRQ RI WKH EUHHG OLQNLQJWKHSUHVHQFHRIWKHEUHHGWR

VXEFXOWXUHVWKDWDUHLQJHQHUDO KRUVH ORYHUV 7KLV GLYHUVLW\ PHDQV WKDW LQ DFFRUGDQFH ZLWK FXVWRPV WDVWHV DQG QHHGV WKHUH DUH GLIIHUHQW W\SHV RI KRUVHV DQG EUHHGV WKURXJKRXW WKH OHQJWK DQG EUHDGWK RI WKH FRXQWU\ :LWKRXW D GRXEW WKH &RORPELDQ &ULROOR KRUVH LQ LWV GLIIHUHQW FDWHJRULHV VXFKDV3DVR)LQR7URFKD7URFKD DQG*DORSHLVWKHPRVWLPSRUWDQW :LWKUHJDUGVWRZRUNLQWKHILHOGV WKH 4XDUWHU +RUVH DQG $SSDORRVD KDYHLQWUXGHGZLWKIRUFHDVZHOODV

WKHYDULRXVHYHQWVZKHUHWKH35( SDUWLFLSDWHVWKHDVVRFLDWLRQEXGJHW LVYHU\VPDOO)RUWKLVLWZRXOGEH LPSRUWDQW WR KDYH FRQWDFWV ZLWK GLSORPDWLF DXWKRULWLHV DFFUHGLWHG LQ&RORPELDWRVWXG\WKHSRVVLELOLW\ RIDSURPRWLRQDOWRXURIWKH35( E\PHDQVRI7KH5R\DO6FKRRORI (TXHVWULDQ$UWLQ-HUH] &RORPELD LV D WURSLFDO FRXQWU\ ZLWK GLIIHUHQW FOLPDWHV DQG

KHDY\GUDIWKRUVHVIRUDJULFXOWXUDO ZRUN RQ VPDOO HVWDWHV (TXHVWULDQ FOXEV KDYH (XURSHDQ EUHHGV IRU 6KRZ -XPSLQJ DQG 'UHVVDJH DQG $UDEVDUHYHU\PXFKDFFHSWHGIRU /RQJ'LVWDQFHRU(QGXUDQFH

1DWLRQDO35(&RPSHWLWLRQ

6SDLQ:KDWLVQHHGHGLVDJUHDWHU FRRUGLQDWLRQ EHWZHHQ WKH UHOHYDQW ERGLHVLQERWKFRXQWULHVWRVSHHG XS DQG VLPSOLI\ WKH SURFHVVHV 'XH WR D ODFN RI FRPPXQLFDWLRQ DQGXQGHUVWDQGLQJEHWZHHQKHDOWK DXWKRULWLHV LQ ERWK FRXQWULHV WKLV WDVN LV HYHU PRUH GLIILFXOW $ VHFRQG QHFHVVLW\ ZKLFK $1&&( KDV KLJKOLJKWHG DQG VRPHWKLQJ WKDW LV RI YLWDO LPSRUWDQFH IRU

$1&&(



7+(&2/20%,$10$5.(7

7KH35(KDVWLPLGO\HQWHUHGWKH &RORPELDQHTXLQHPDUNHWEXWLWLV VORZO\ JDLQLQJ SRVLWLRQV WKDQNV

ZZZDQFFHFRP


0DUHVZLWKWKHLUIRDOVRZQHGE\<HJXDGD$JXD\0DQWR

WR WKH HIIRUW RI $1&&( &2/20%,$ DOWKRXJK WKHUH LVVWLOODORQJURDGDKHDG 7KH 3XUHEUHG 6SDQLVK +RUVH LV QRW D VXIILFLHQWO\ NQRZQ EUHHG LQ &RORPELD EXW LW LV YHU\ PXFK DGPLUHG DQG DSSUHFLDWHG E\ SHRSOH ZKR WUXO\ XQGHUVWDQG LWV GLPHQVLRQ ,W LV EHOLHYHG WKDW WKHLU XVH LV IRU 6KRZV FDUURXVHOV +LJK 6FKRRO DQG 5HMRQHR EXOOILJKWLQJ RQ KRUVHEDFN  1HZFRPHUV LQVLVWV RQ WDONLQJ DERXW WKH ³$QGDOXVLDQ´ DQG ³/XVLWDQR´ QRW XQGHUVWDQGLQJ WKH QDPH 3XUHEUHG 6SDQLVK +RUVH DOWKRXJK LQFUHDVLQJO\ LW LV EHFRPLQJDEX]]ZRUGDPRQJ KRUVHHQWKXVLDVWVWKDQNVWRWKH RXWVWDQGLQJJURZWKLQLPSRUWV RI H[FHOOHQW KRUVHV LQ UHFHQW \HDUV &XUUHQWO\ WKH FHQVXV RI UHJLVWHUHG 35( +RUVHV LQ &RORPELD LV LQ H[FHVV RI  KRUVHV&RORPELDQEUHHGHUVGR QRWKDYHVWXGIDUPVZLWKODUJH

QXPEHUV RI EURRG PDUHV ZKLFK PHDQV WKDWWKH\DUHDEOHWRZRUNFRQVFLHQWLRXVO\ DQGFDUHIXOO\VHOHFWWKH\RXQJVWRFN7KHVH EUHHGHUVDUHVFUXSXORXVLQWKHLUDWWHQWLRQ WR WKHLU DQLPDOV JLYHQ WKH GLIILFXOW\ DQG FRVW RI LPSRUWLQJ WKHP IURP 6SDLQ 7KHUHIRUHWKH\DUHDZDUHWKDWPRUHWKDQ D UHVSRQVLELOLW\ DQG D SDVVLRQ D WUHDVXUH UHVWVLQWKHLUKDQGV

'XTXH/;9,,RZQHGE\<HJXDGD$JXD\ 0DQWRZDVEUHGE\-RVH/XLVGHOD(VFDOHUD

7KH DUHD RI WKH FRXQWU\ LQ ZKLFKWKHODUJHVWSURGXFWLRQRI 35( +RUVHV LV FRQFHQWUDWHG DERYH DOO LV LQ 0HGHOOtQ WKH %RJRWi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

(O&DEDOOR(VSDxRO


$UFKLYHV

180$17,122ZQHGE\<HJXDGD&DUGHQDVVHOHFWHGE\WKH$VVRFLDWLRQDVDJLIWWRWKH$PHULFDQ3HRSOH

$1&&(



ZZZDQFFHFRP


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

7KLV ZDV IROORZHG E\ EORRG VDPSOHV WR EH VHQW WR WKH 86$ ZKHUH WKH KRUVHV ZRXOG EH DQDO\]HG IRU 3LURSODVPRVLV  $OO KRUVHV PXVW EH DEVROXWHO\ IUHH RI WKLVGLVHDVHWRHQWHUWKH86$ 7KH UHVXOWV RI WKLV DQDO\VLV UHGXFHG WKH VHOHFWLRQ WR WKUHH SRVVLEOH KRUVHV WUDYHOLQJ WR WKH 86$ IURP WKHVH WKUHH WKH FRPPLVVLRQ VHOHFWHG 180$17,12 180$17,12 RZQHG E\ <HJXDGD&DUGHQDV (FLMD LVDVL[ \HDUROGGDSSOHJUD\WKDWKDVEHHQ EURNHQLQ:HEHOLHYHWKDWKHZLOO EHLGHDOWRUHSUHVHQWZLWKGLJQLW\ WKH35(EHIRUHVXFKDQLOOXVWULRXV UHFHSWLRQ

(YHU\WKLQJ KDG EHHQ FDUHIXOO\ SUHSDUHGVRWKDWWKLVHYHQWZRXOG XQIROGZLWKWKHGHVLUHGEULOOLDQFH DQGWRWKDWHIIHFW180$17,12 ZDVORDGHGLQWRDWUXFNRQWKHWK RI 6HSWHPEHU ZKLFK WRRN KLP WR 0DGULG IURP ZKHUH KH WRRN D SODQHWR1HZ<RUN 7KH KRUVH ZDV LPPHGLDWHO\ WUDQVIHUUHG WR D TXDUDQWLQH FHQWHUORFDWHGDERXWNP  PLOHV  IURP 1HZ <RUN ZKHUH KH XQGHUZHQW IXUWKHU DQDO\VHV DQG WHVWVDVUHTXLUHGE\WKH$PHULFDQ JRYHUQPHQWIRUDQ\KRUVHHQWHULQJ WKHLUFRXQWU\ (YHU\WKLQJ ZHQW ZHOO DQG 180$17,12 SDVVHG DOO WKHVH WHVWVZLWKIO\LQJFRORUV

7KH $VVRFLDWLRQ %RDUG RI 'LUHFWRUV ZKHQ WKH\ DSSURYHG WKLV SURMHFW DOVR HVWDEOLVKHG WKH TXDOLWLHV WKDW WKH FKRVHQ KRUVH PXVWVKRZ 7ZHOYH KRUVHV ZHUH RIIHUHG E\ YDULRXV EUHHGHUPHPEHUV 7KH %RDUG DSSRLQWHG D FRPPLVVLRQ FRPSRVHGRI0U)UDQFLVFR/D]R 0U0DQXHO0DUWLQH]%RORL[DQG 0U$QWRQLR'LRVGDGRWRYLVLWWKH YDULRXVVWXGIDUPVDQGSHUIRUPDQ LQLWLDOSUHVHOHFWLRQ

3KRWR180$17,12ZLWKKLVKDQGOHU

(O&DEDOOR(VSDxRO


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

SKRWR 180$17,12RZQHGE\<HJXDGD&DUGHQDVULGGHQE\6DOYDGRU*DUFLD

DQG HQWKXVLDVP DW DOO OHYHOV DQG IXQGDPHQWDOO\ ZLWK WKH :KLWH +RXVH DQG PHPEHUV RI WKH 86$ &RQJUHVVDQG6HQDWH

2XUWKDQNVDOVRJRWR,%(5,$ WKH 6SDQLVK 1DWLRQDO $LUOLQH ZKRZHUHRIJUHDWKHOSWKH\IOHZ WKLVKRUVHIUHHRIFKDUJHWR1HZ <RUN/DVWO\ZHPXVWWKDQNRXU FROODERUDWRU0U*RQ]DOR$UJHVR ZKR ZLWK QR WKRXJKW RI UHZDUG RIIHUHG WR WUDYHO ZLWK WKH KRUVH IURP(FLMDWR1HZ<RUNFDULQJIRU KLP DQG HQVXULQJ WKDW WKH KRUVH DUULYHG LQ SHUIHFW FRQGLWLRQ DQG HYHQWRRNLWRQKLPVHOIWRSUHSDUH DQGUHVROYHDOOWKHGRFXPHQWDWLRQ QHFHVVDU\ZKHUHUHOHYDQW )LQDOO\ ZH ZRXOG OLNH WR WKDQN HYHU\RQH ERWK LQ 6SDLQ DQG WKH 8QLWHG 6WDWHV ZKR KDYH FROODERUDWHGLQWKLVSURMHFWZKLFK DIWHU DOO WKLV HIIRUW GXH WR WKH SUREOHP RI WKH $IULFDQ +RUVH 6LFNQHVVKDVEHHQSXWRQKROGIRU WKHWLPHEHLQJ

3KRWR 0U*RQ]DOR$UJHVDFROODERUDWRURIWKH$VVRFLDWLRQZLWK180$17,12GXULQJ WKHWUDQVIHUIURPWKHWUXFNWRWKH,EHULDSODQHWKDWWRRNKLPWRWKH86$

$1&&(



ZZZDQFFHFRP


(O&DEDOOR(VSDxRO


&RPSHWLWLRQV&DOHQGDU 6HSWHPEHU

&21)250$7,21&203(7,7,216 'DWH ,;

,;

&RPSHWLWLRQ (5$+& &$03(21$72$1&&(0(; 0217(55(< $1'(&$%

,;

(48,*$=8/

,;

(48,*$/

,;

,; ,; ,; ,; ,;

,; ,;

,&725(*,21$/'(085&,$

,; ,;

,; ,; L;; L;; L;; L;; L;; ; ; ; ; ; ; ; ; ; ; ; ;

18(92/(Ð1

0H[LFR

$1'Ô-$5 $/&$/É'(/26 *$=8/(6 /8*2

6SDLQ

0

7

:

7

)

6

6







































6SDLQ















6SDLQ









6SDLQ

%$5&(/21$ 02*8(5 *,-Ð1 *(5(1$

6SDLQ 6SDLQ 6SDLQ 6SDLQ

$52&+(

6SDLQ

*8$'$+25781$

6SDLQ

675g06+2/0

6ZHGHQ

9,//$0$57Ì1 &$5$9$&$'(/$ &5,=

6SDLQ

,,&21&85621$&,21$/'(/ %2*27É &$%$//235( &$03(21$7235('( $66(1 +2/$1'$ $//$0(5,&$16+2:+256( /$.(67/8,6 $//,$1&( &$03(21$721$&,21$/ -$/,6&2 $1&&(0(;*8$'$/$-$5$ &21&8562025)&,8'$''( *(521$ *(521$ ;;,,&21&8562025)'( =$)5$ =$)5$ &,8'$''(*,1(6 *,1(6 ,9&21&8562025)35( $/&$/É/$5($/ $/&$/É/$5($/ (48,0$ -$e1 9)(5,$*$1$'(5$&,8'$''( 7$5,)$ 7$5,)$ (48,129$/ 9$//$'2/,' 9,//$'($/&2/($'(/5Ì2 $/&2/($'(/5Ì2 )(5,&$% /25&$ &$5/2&$% /$&$5/27$ &21&$%*5$1$'$ $50,//$ ;;9,&$03(21$72'( ,1&$ %$/($5(6 (488675,*8(526 75,*8(526 &$9$//,$0,/$12 0,/É1 (&852&Ì2 (/52&Ì2

$1&&(



&RXQWU\ 86$

;,&21&8562025)1$&,21$/ 7255(-21&,//2 35( (4886&$7$/21,$ ,;35(0,202*8(5 $*523(& 9,//$'(*(5(1$ &21&85621$&,21$/025) 35('($52&+( *8&$% 9,&$03(21$72'(68(&,$ '(35( (48,6,(55$

,;

/RFDWLRQ /(;,1*721

2FWREHU 0

7

:

7

)

6























6









































6SDLQ &RORPELD +ROODQG 86$ 0H[LFR 6SDLQ 6SDLQ 6SDLQ 6SDLQ 6SDLQ 6SDLQ 6SDLQ 6SDLQ 6SDLQ 6SDLQ 6SDLQ 6SDLQ 6SDLQ ,WDO\ 6SDLQ

ZZZDQFFHFRP


6HSWHPEHU

'5(66$*(&203(7,7,216 'DWH ,; ,; ,; ,; ; ; ;

&DWHJRU\ /RFDWLRQ &'1 &RSD$1&&( &+$6785&Ð1 $1&&(&XS &'1 &RSD$1&&( 9,//$18(9$'(/'848( $1&&(&XS &'1 &RSD$1&&( <(*8$'$6$1-26e $1&&(&XS &'1 &RSD$1&&( <(*8$'$6$1-26e $1&&(&XS ),1$/&72'(6SDLQ &KDPSLRQVKLS)LQDO6SDLQ&RSD <(*8$'$6$1-26e $1&&($1&&(&XS &'1 &RSD$1&&($1&&( ($(&267$'(/62/ &XS &'1 &RSD$1&&( 0217(10(',2 $1&&(&XS

&RXQWU\ 6SDLQ 6SDLQ 6SDLQ 6SDLQ

0

7

:

7

)

6

6









 

















































2FWREHU

6SDLQ 6SDLQ 6SDLQ

0

7





: 

&DWHJRU\ 36&-

,;

36&-

;

),1$/36&-

/RFDWLRQ &+$6785&Ð1 9,//$18(9$'(/ '848( <(*8$'$6$1 -26e

&RXQWU\ 6SDLQ 6SDLQ 6SDLQ



)

6

6























































6HSWHPEHU

36&-<281*+256(&<&/( 'DWH ,;

7

0

7

:

7

)

6

6





























































2FWREHU 0

7

:

7









&DWHJRU\ 75&9$/(1&,$ 75&$1'$/8&Ì$

/RFDWLRQ 9$/(1&,$ %(1$+$9Ì6

&DOHQGDUIRUIXUWKHULQIRUPDWLRQ DERXWWKH&RQIRUPDWLRQFDOHQGDUWKH $1&&(&XS<RXQJ+RUVH&LUWXLW DQGWKH74%VFHOHEUDWHGLQ FRQVXOWWKH$1&&(ZHEVLWH ZZZDQFFHFRP

&RXQWU\ 6SDLQ 6SDLQ

6

6























































6HSWHPEHU

74% 'DWH ,; ;

)

0

7

:

7

)

6

6









 

















































2FWREHU 0

7





: 

7 

)

6

6























































(O&DEDOOR(VSDxRO


$33/,&$7,21)25%5(('(50(0%(56+,3 &RPSOHWHWKLVIRUPLI\RXZLVKWREHFRPHDEUHHGHUPHPEHURI$1&&(7RGRVR\RXPXVWEHWKHRZQHURID35(PDUHUHJLVWHUHGDV EUHHGLQJVWRFNLQWKH6WXG%RRN 2:1(5BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB678')$50BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB %5(('(5&2'(BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB,'180%(5BBBBBBBBBBBBBBBBBB $''5(66BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB1žBBBBBBBBBBBB 72:1BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB3529,1&(BBBBBBBBBBBBBBBBBBBBBBBBBB 3267$/&2'(BBBBBBBBBBB3+21(BBBBBBBBBBBBBBBBBBBBBBBBBB&(//BBBBBBBBBBBBBBBBBBBBBBBBB)$;BBBBBBBBBBBBBBBBBBBBBBBB (0$,/BBBBBBBBBBBBBBBBBBBBB









%5$1'

1ž2)0$5(6$77+(678')$50BBBBB $118$/)(( 

025(7+$10$5(6

€

0$5(625/(66

€

3$<0(17 ŏ5(*,675$7,21)(( 0$5.,1*,768%6&5,37,214827$ 6(1'$%$1.75$16)(5727+($&&2817$77+(&$,;$%$1. 68%6(48(17)((6 ŏ%DQNWUDQVIHUWRWKHDERYHPHQWLRQHGDFFRXQW ŏ&KHFNSD\DEOHWR$1&&( ŏ&UHGLW&DUG 9,6$0$67(5&$5'$0(5,&$1(;35(661žBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB'DWHRI([SLUDWLRQBBBBBBB ,QBBBBBBBBBBBBBBBBRQBBBBBBBBBBBBBRIBBBBBBBGHBB6LJQHG«««««««««««« 'HDU0U0UV2XUGDLO\WDVNVDQGHIIRUWVLQFOXGHJXDUDQWHHLQJWKHTXDOLW\RIWKHVHUYLFHVZHRIIHU$IXQGDPHQWDOSDUWRIWKLVSURFHVVLVUHVSHFWIRUWKHFRQILGHQWLDOLW\RI\RXUSHUVRQDOLQIRUPDWLRQ7RJXDUDQWHHWKHFRQILGHQWLDOLW\RI\RXU SHUVRQDOGDWDZHKHUHE\LQIRUP\RXWKDW\RXUSHUVRQDOLQIRUPDWLRQKDVEHHQLQFRUSRUDWHGLQWRD0(0%(56ILOHKHOGE\WKH1DWLRQDO3XUHEUHG6SDQLVK+RUVH%UHHGHUV·$VVRFLDWLRQRI6SDLQ KHUHLQDIWHUUHIHUUHGWRDV$1&&( ZLWK9$7DQG UHJLVWUDWLRQQXPEHU*<RXUSHUVRQDOLQIRUPDWLRQZLOOEHXVHGIRUHFRQRPLFDFFRXQWLQJDQGILVFDOUHODWHGDIIDLUVDQGWRSURYLGHLQIRUPDWLYHDERXWWKHODWHVWQHZVIURPWKHVHFWRUWKURXJKQHZVOHWWHUVSUHVVUHOHDVHVVHQWE\HPDLO RUWUDGLWLRQDOPDLODVZHOODVIRUWKHFUHDWLRQRISXEOLFLW\DERXW\RXUVWXGIDUPLQFOXGLQJLWLQWKHOLVWRI)XOO0HPEHUVWKDWDSSHDUVRQWKHODVWSDJHVRIWKH0DJD]LQH´(/&DEDOOR(VSDxROµ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xD 3OHDVHLQFOXGHWKHUHIHUHQFH´/23'µ 'DWD3URWHFWLRQ/DZ LQ\RXUOHWWHU6KRXOG\RXSUHIHUDQGSULRUWRWKHVHXQGHUWDNLQJV\RXPD\UHTXHVWDWWKHDIRUHPHQWLRQHGDGGUHVVWKHSUHSUHSDUHGUHTXHVWIRUPWKDW\RXFDQILOORXW DQGUHWXUQ$V\RXNQRZWKHTXDOLW\RIRXUVHUYLFHVLVRQHRIRXUKLJKHVWSULRULWLHVWKHUHIRUHDOORXUHIIRUWVIRFXVRQRIIHULQJ\RXWKHEHVWVHUYLFHV2QFHDJDLQZHZRXOGOLNHWRWKDQN\RXIRUWKHWUXVWDQGFRQILGHQFH\RXKDYHLQ$1&&(

$SSOLFDWLRQIRUPVDUHDOVRDYDLODEOHDWZZZDQFFHFRP

$33/,&$7,21)25$662&,$7(0(0%(56+,3 &RPSOHWHWKLVIRUPLI\RXZLVKWRUHFHLYHWKHVL[  DQQXDOLVVXHVRIWKHPDJD]LQHDQGWLPHO\LQIRUPDWLRQIURP$1&&(LQ\RXUKRPH )8//1$0(BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB )8//$''5(66BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB1žBBBBBBBBBBBBB 72:1BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB3529,1&(BBBBBBBBBBBBBBBBBBBBBBBBB 3267$/&2'(BBBBBBBBBBB3+21(BBBBBBBBBBBBBBBBBBBBBBBBBB&(//BBBBBBBBBBBBBBBBBBBBBBBBB)$;BBBBBBBBBBBBBBBBBBBBBBBB (0$,/BBBBBBBBBBBBBBBBBBBBB $118$/)(( 63$1,6+5(6,'(176½(85(6,'(176½27+(5&28175,(6½ 3$<0(17 ŏ5(*,675$7,21)(( 0$5.,1*,768%6&5,37,214827$ 6(1'$%$1.75$16)(5727+($&&2817$77+(&$,;$%$1. 68%6(48(17)((6 ŏ%DQNWUDQVIHUWRWKHDERYHPHQWLRQHGDFFRXQW ŏ&KHFNSD\DEOHWR$1&&( ŏ&UHGLW&DUG 9,6$0$67(5&$5'$0(5,&$1(;35(661žBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB'DWHRI([SLUDWLRQBBBBBBB ,QBBBBBBBBBBBBBBBBRQBBBBBBBBBBBBBRIBBBBBBBGHBB6LJQHG««««««««««««

'HDU0U0UV2XUGDLO\WDVNVDQGHIIRUWVLQFOXGHJXDUDQWHHLQJWKHTXDOLW\RIWKHVHUYLFHVZHRIIHU$IXQGDPHQWDOSDUWRIWKLVSURFHVVLVUHVSHFWIRUWKHFRQILGHQWLDOLW\RI\RXUSHUVRQDOLQIRUPDWLRQ7RJXDUDQWHHWKHFRQILGHQWLDOLW\RI\RXU SHUVRQDOGDWDZHKHUHE\LQIRUP\RXWKDW\RXUSHUVRQDOLQIRUPDWLRQKDVEHHQLQFRUSRUDWHGLQWRD0(0%(56ILOHKHOGE\WKH1DWLRQDO3XUHEUHG6SDQLVK+RUVH%UHHGHUV·$VVRFLDWLRQRI6SDLQ KHUHLQDIWHUUHIHUUHGWRDV$1&&( ZLWK9$7 DQGUHJLVWUDWLRQQXPEHU*<RXUSHUVRQDOLQIRUPDWLRQZLOOEHXVHGIRUHFRQRPLFDFFRXQWLQJDQGILVFDOUHODWHGDIIDLUVDQGWRSURYLGHLQIRUPDWLYHDERXWWKHODWHVWQHZVIURPWKHVHFWRUWKURXJKQHZVOHWWHUVSUHVVUHOHDVHVVHQW E\HPDLORUWUDGLWLRQDOPDLODVZHOODVIRUWKHFUHDWLRQRISXEOLFLW\DERXW\RXUVWXGIDUPLQFOXGLQJLWLQWKHOLVWRI)XOO0HPEHUVWKDWDSSHDUVRQWKHODVWSDJHVRIWKH0DJD]LQH´(/&DEDOOR(VSDxROµ&RQVHTXHQWO\LWZLOOEHXQGHUVWRRG WKDW\RXKDYHJUDQWHGFRQVHQWWRWKHLQFOXVLRQRI\RXUSHUVRQDOLQIRUPDWLRQDVGHVFULEHGDERYHLIZLWKLQRQH  PRQWKRIKDYLQJUHFHLYHGWKLVOHWWHU\RXKDYHQRWQRWLILHGXVWRWKHFRQWUDU\<RXDUHIUHHWRH[HUFLVH\RXUULJKWWRDFFHVV FKDQJHRUFDQFHO\RXUSHUVRQDOLQIRUPDWLRQRUH[SUHVV\RXURSSRVLWLRQDWDQ\WLPHIUHHRIFRVW7RGRVR\RXPD\FRQWDFW$1&&(DWWKH&RUWLMRHO&XDUWR &RUWLMR9LHMR %HOODYLVWD6HYLOOD (VSDxD 3OHDVHLQFOXGHWKHUHIHUHQFH ´/23'µ 'DWD3URWHFWLRQ/DZ LQ\RXUOHWWHU$V\RXNQRZWKHTXDOLW\RIRXUVHUYLFHVLVRQHRIRXUKLJKHVWSULRULWLHVWKHUHIRUHDOORXUHIIRUWVIRFXVRQRIIHULQJ\RXWKHEHVWVHUYLFHV2QFHDJDLQZHZRXOGOLNHWRWKDQN\RXIRUWKHWUXVWDQG FRQILGHQFH\RXKDYHLQ$1&&(


%UHHGHUV·0DJD]LQH

(O&DEDOOR ASOCIACIÓN NACIONAL de CRIADORES de CABALLOS de PURA RAZA ESPAÑOLA 35(+RUVH%UHHGHUV·$VVRFLDWLRQRI6SDLQ

$1&&(&RUWLMRGH&XDUWR 9LHMR 6HYLOOD 7HOI_)D[ ZZZDQFFHFRP_DQFFH#DQFFHFRP $1&&(/LEUR*HQHDOyJLFR 6WXG%RRN  1XHYR7RUQHR(PSUHVDULDO $YHQLGDGHOD$VWURQRPtD61 7RUUH3ODQWD2ILFLQD6HYLOOD 7HOI  ZZZOJDQFFHFRP_GLUHFFLRQ#OJDQFFHFRP $GYHUWLVLQJ$OHMDQGUR6iQFKH] 7HOI FRPHUFLDO#DQFFHFRP (GLWLRQDQGGLVWULEXWLRQ ‡ELOLQJXDOLVVXHVIRU3XUHEUHG6SDQLVK+RUVHEUHH GHUV DQG DILFLRQDGRV DOO RYHU WKH ZRUOG DV ZHOO DV WR RIILFHV RI LQWHUHVW VXFK DV 6SDQLVK (PEDVVLHV ,&(; 2IILFHV7RXULVPRI6SDLQHWF ‡3XEOLFDGDLQWHJUDPHQWHHQ,QWHUQHW  ZZZDQFFHFRP  ZZZXVSUHDFRP &RYHUDJH ‡35( EUHHGHUV DQG DILFLRQDGRV WKURXJKRXW WKH ZRUOG VHYHUDOFRSLHVZLOOEHGLVWULEXWHGWRHDFKRIWKHH[LVWHQW EUHHGHUV· DVVRFLDWLRQV IRU WKHP WR UHGLVWULEXWH WR WKHLU PHPEHUV )UHTXHQF\ ‡%LPRQWKO\LVVXHVSHU\HDU ‡5HDGHUOR\DOW\

Español

7KH35(KRUVHPDJD]LQHVLQFH

3 8 % / , & , 7 <     )((6$1')250$7)2538%/,&,7< *HQHUDO )HH

)250$7 ,QVLGHSDJH [PP 

½

½

'RXEOHSDJH [PP [

½

½

,QVLGHFRYHUSDJH [PP 

½

½

,QVLGHEDFNFRYHU [PP 

½

½

%DFNFRYHU [PP 

½

½

+DOISDJH [PP 

½

½

4XDUWHUSDJH [PP 

½

½

)RRWHU&ROXPP [PP  [PP 

½

½

6KRUWDG 0RGXOH

[PP 

½

½

½

½

3XEOLFLW\5HSRUW SiJLQDVFRQWH[WRV\IRWRV 

‡0DLOHGGLUHFWO\WRWKHKRPHWKXVJXDUDQWHHLQJWKHOR\DO W\DQGFRQWLQXLW\RIWKHUHDGHUVDWWKHVDPHWLPHDVPD NLQJLWHDVLHUWRDFFHVVWKHSXEOLFDWLRQ

9$7LVQRWLQFOXGHG

'LVFRXQWV

38%/,&$7,21'$7(6

‡ WR EUHHGHUPHPEHUV ZKHQ WKHLU RZQ FRPSDQ\ LV QRWDGYHUWLVHG

6SHFLDO3ULFHV)RU %UHHGHU0HPEHUV

,VVXH

'HDGOLQJGDWH

3XEOLVKLQJGDWH



















‡$Q DGGLWLRQDO  IRU FRQWUDFWLQJ SXEOLFLW\ LQ  LVVXHV SHU\HDU







‡$Q DGGLWLRQDO  IRU FRQWUDFWLQJ SXEOLFLW\ LQ  LVVXHV SHU\HDU













‡ WR DVVRFLDWH PHPEHUV QRW DSSOLFDEOH WR WKH SXEOL FLW\UHSRUW RI VWXG IDUPV EHFDXVH WKLV LV H[FOXVLYH WR EUHHGHUPHPEHUV

‡38%/,&,7<5(3257SDJHVDERXWWKHVWXGIDUPLOOXV WUDWHGZLWKSKRWRVDQGWH[WV



Revista El Caballo Español 2010, n.199 (ENGLISH)