Issuu on Google+

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`Ya`\b!\c!ade!fbZegebZeba!hijai[Yj!k_ebeSD! BEF!C-07M2-2&!(*!Q'&A7:*A7:*2*!'-!(*&I*!(*!65,D!l*$27%*('87!&0$-07!."<!].mU!T!ff!T!;<!"///!C8&4:! BJF! Q'&A7:*A7:*2*! $*6&27! (*! A-,*2*! 2-$72&$7:*! (*! 3-456,78*! 9*8-0&(7:*<! 4$-85! ')&72-! +,-(&)7! 7,7!4$-85!')&7!8*(A-,*$77D!! ! 9:-&!=! B"F!Q'&A7:*A7:*2*!7L*!4-+*2!7!M2-L67,D! B.F! l-+*2&2! 7L*! @&$L*! (*! 8$5H! '&! 4$-+(78! &0! U.! nn<! )&! 8&:! )&! 8&(A-(2$7+(7! 8$5H&)7<! (*! L*8-0&('87! :*%78! 7! (-H&)&2&! 87$7,'8&! 47'L&! 7! (*! *(H,7'87! :*%78! 7! ,*27(7+(&! 47'L&! -! )47M*(! 2-8'2&2K! RO*0$&! P! Q'&A7:*A7:*! (*! (-%*)7'(*2*! 85,25$(*! 'A-(*S! 7! SXYZ[\! P! ]^^\_`Ya`\b! \c! ade! fbZegebZeba!hijai[Yj!k_ebeoD! BUF! p2-L67,&2! 7L*! @&$L*! (*! 4$*)&*H&,(78! '&! H&,-L7(*! &0! E/! q! U/! nn<! )&! 8&:! q&$7%&(2*,(&! (*! L*8-0&('87! :*%78! 7! (eH&)&2&! 87$7,'8&! 47'L&! 7! (*! *(H,7'87! :*%78! 7! ,*27(7+(&! 47'L&! -! )47M*(&! ! !

"!


7L-2&! 7! '-07M2-2&! (*! %*-0(7A*2*<! *! 4&L-I5! (*%7)&2! 7! '-07M2-2&! '-! &'2*)*! 4$*%-(! 4$&'2&$! %*! )47M5)*N-!(*!6$&:&2!(*!*82&2!7!0*25L&2!(*!(-H&)&2&!7%0*)*Ne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•

l$&H$*L'8&! 4&)$%5)*N-! 7! '&$*6&28*! (*! (-%*)7'(72-! 7! (-4$&@72(7! 0-:'2)5)*+7! 7! 7(7A7:*27)7!)&!85,25$*2*!&0!3-456,78*!9*8-0&(7:*<!&0!$-H7&(&2!7!(*!L-I5(*$&0-(!4,*(r!

>H&,-L5)*N-! (*! +,-('2)&2&! 7! :*8(-N-! (*! 8*4*A72-272-! (*! +,-(&)72-! 4$-85! $*%L-(*! (*! %(*-N*<!!7'85'2)*<!4$&H$*L'87!*827)(&'27!7!'&$*6&28*!(*!,&8*,(&!$*L(7M2-r!!

1+-'2)&!)&!52)$05)*N-2&!85,25$(7!4&,72787!(*!,&8*,(&!7!(*!A-(2$*,(&!$*L(7M2-r!

G6-%6-05)*N-! @&(0! %*! '2*67,(&! @5(8A7&(7$*N-! 7! 4$&L&A7:*! (*! (-%*)7'(7&2! 85,25$-(! '-82&$D! !!

9:-&!C! s-8&7!&0!0-:(&'272-!(*!Q'&A7:*A7:*2*!'-K! •

C&%0*)*N-!'2$*2-H7:*!%*!%*'2*45)*N-!7!,&67$*N-!%*$*07!:*8(-N-!(*!(-%*)7'(7&2!85,25$-(! '-82&$r!

C&%0*)*N-!'2$*2-H7:*!%*!(&)7!L&0-,7!(*!7('2725A77!7!85,25$(7!4$*82787r!

V%$*6&28*!(*!7'2$*?5)*N*!7!*(*,7%7!(*!$-H7&(*,(7!7!0&L*M(7!85,25$(7!4&,72787r!

#&'4&'2*)5)*N-! ! 7(2-$'-82&$'8*! '&$*6&28*! 7! (50-N-! (&)7! L&0-,7! 7! 4$*82787! (*! '&$*6&28*!7!4*$2(-$'2)&!'&!7('2725A772-!7!4&M7$&8&!'&!H$*I*('87&2!'-82&$r!

C4$&)-05)*N-! &6587<! $*6&27,(7A7<! 0-6*27<! 4$&L&27)(7! 7! L-075L'87! 8*L4*N7<! 7%0*)*+87! 4$&-827<! 85,25$(*! 4$&058A7:*! 7! 0$5H7! *827)(&'27! )&! '&H,*'(&'2! '&! A-,72-! (*! Q'&A7:*A7:*2*D!

!

! !

.!


! ! 9?7A"#D1! 9:-&!E! B"F!t,-('2)&2&!)&!Q'&A7:*A7:*2*!-!(*!0&6$&)&,(*!&'(&)*D! B.F! t,-(! (*! Q'&A7:*A7:*2*! L&?-! 0*! 670-! 4$*)(&! 7! @7%7+8&! ,7A-! &0! 3-456,78*! 9*8-0&(7:*! M2&! 0-:'2)5)*!)&!&6,*'2*!(*!85,25$*2*!7!5L-2(&'2*!7!H7!4$7@*W*!C2*252&2!7!A-,72-!(*!Q'&A7:*A7:*2*D! BUF! C&6$*(7-2&! (*! Q'&A7:*A7:*2*! L&?-! 0*! 4$&47M-! 0&4&,(72-,(7! 8$72-$75L7! %*! 4$7-L! (*! (&)7! +,-(&)7D!! B;F!C)&:'2)&!(*!+,-(!(*!Q'&A7:*A7:*2*!'-!'2-8(5)*!'&!4&0(-'5)*N-!4$7:*)*!%*!+,-('2)&<!!*!4&!:*)-(! &H,*'! 7,7! 4&! 4$-4&$*8*! &0! (*:L*,85! 2$7! +,-(&)7! (*! Q'&A7:*A7:*2*D! t,-('2)&2&! H&! 4&2)$05)*! C&6$*(7-2&!(*!Q'&A7:*A7:*2*!'&!0)&2$-27('8&!L(&%7('2)&!&0!4$7'52(72-!+,-(&)7D! B=F!C72-!+,-(&)7!'-!&6)$%*(7!0*!'-!4$70$?5)**2!0&!C2*252&2!7!0&!0$5H72-!*827!(*!Q'&A7:*A7:*2*D! BEF!C72-!+,-(&)7!7L**2!&6)$'8*!*827)(&!0*!5+-'2)5)**2!)&!$*6&2*2*!(*!Q'&A7:*A7:*2*<!8*8&!7!0*!:*! 4&L*H**2!$*6&2*2*!(*!Q'&A7:*A7:*2*!4$-85!4,*W*N-!+,-(*$7(*<!%*'2*45)*N-!)&!:*)(&'2*!7!(*!0$5H7! 0$5H7!(*+7(7!)&!'&H,*'(&'2!'&!>*8&(&2<!8*8&!7!'&!C2*252&2!7!0$5H72-!*827!(*!Q'&A7:*A7:*2*D! ! 9:-&!F! B"F!C72-!+,-(&)7!(*!Q'&A7:*A7:*2*!'-!$*L(&4$*)(7!7!L&?*2!0*!7%67$**2!&$H*(7!(*!Q'&A7:*A7:*2*<! 8*8&!7!0*!670*2!7%67$*(7!)&!&$H*(72-!(*!Q'&A7:*A7:*2*<!'&H,*'(&!'&!&)&:!C2*252D! B.F!C72-!+,-(&)7!7L**2!4$*)&!$*L(&4$*)(&!'&!0$5H72-!+,-(&)7!0*!5+-'2)5)**2!)&!&'2)*$5)*N-2&! (*! A-,72-! (*! Q'&A7:*A7:*2*r! (-4&'$-0(&! 0*! 5+-'2)5)**2! )&! &0,5+5)*N-2&! (*! C&6$*(7-2&! 4$-85! &$H*(72-!(*!Q'&A7:*A7:*2*r!8*8&!7!0*!670*2!6,*H&)$-L-(&!7!A-,&'(&!7(@&$L7$*(7!%*!$*6&2*2*!7! *827)(&'272-!(*!Q'&A7:*A7:*2*D! BUF!C-8&-!4$*)(&!7!@7%7+8&!,7A-<!8*8&!7!(-@&$L*,(*!H$54*!M2&!-!+,-(!(*!Q'&A7:*A7:*2*!7L*!-0-(! H,*'!4$7!&0,5+5)*N-!)&!&$H*(72-!(*!Q'&A7:*A7:*2*D! ! 9:-&!G! B"F!t,-('2)&2&!)&!Q'&A7:*A7:*2*!4$-'2*(5)*!)&!',-0(72-!',5+*7K! "D s*!,7+(&!6*$*N-!(*!+,-(&2!(*!Q'&A7:*A7:*2*r! .D C&!&0,58*!%*!7'8,5+5)*N-!0&(-'-(*!&0!C&6$*(7-2&!(*!Q'&A7:*A7:*2*r! UD #&!0$5H7!',5+*7!4$-0)70-(7!'&!>*8&(&2D! B.F! t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

U!


7!'&!0$5H72-!*827!(*!Q'&A7:*A7:*2*<!8*8&!7!&0(-'5)*N-!M2&!7u!(*(-'5)*!M2-2*!(*!Q'&A7:*A7:*2*!7! (*!(-:%7(7&2!5H,-0D!! ! 16H$A4!A$!$"1>4@$>4@$#$! 9:-&!I! G$H*(7!(*!Q'&A7:*A7:*2*!'-K! "D C&6$*(7-r! .D l$-2'-0*2-,!7!0)*:A*!4&24$-2'-0*2-,7!(*!C&6$*(7-2&r! UD 14$*)-(!&06&$r! ;D V%)$M-(!07$-82&$!7!>*L-(78!7%)$M-(!07$-82&$r! =D s*0%&$-(!&06&$r! ED C2$5+(7!&06&$7D! ! "0J*'&.-!! 9:-&!;K! B"F!C&6$*(7-2&!-!(*:)7'&8!&$H*(!(*!Q'&A7:*A7:*2*!7!H&!'&+7(5)**2!'72-!+,-(&)7!(*!Q'&A7:*A7:*2*D! B.F!C&6$*(7-2&!%*'-0*)*!'4&$-0!4&2$-672-<!*!(*:L*,85!-0(*M!H&07M(&D! BUF! C&6$*(7-2&! 7%67$*! l$-2'-0*2-,! 7! 0)*:A*! 4&24$-2'-0*2-,7! '&! L*(0*2! &0! 0)-! H&07(7<! '&! L&?(&'2!%*!4&)2&$-(!7%6&$D! B;F!C&6$*(7-2&!H&!')785)*!l$-2'-0*2-,&2!7,7!-0(*!2$-27(*!&0!+,-(&)72-D! B=F!C&!'-0(7A72-!(*!C&6$*(7-2&!4$-2'-0*)*!l$-2'-0*2-,&2<!*!)&!(-H&)&!&2'5'2)&!4$-2'-0*)*!-0-(! &0!4&24$-2'-0*2-,72-!7,7!0$5H!+,-(!&),*'2-(!&0!'2$*(*!(*!l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v&(-'5)*N-!(*!C2*252!(*!Q'&A7:*A7:*2*r! .D V%6&$!7!$*%$-M5)*N-!(*!l$-2'-0*2-,&2!7!4&24$-2'-0*2-,72-r! UD V%6&$!7!$*%$-M5)*N-!(*!+,-(&)72-!(*!14$*)(7&2!&06&$r! ;D V%6&$!7!$*%$-M5)*N-!(*!V%)$M(7&2!07$-82&$!7!(*!>*L-(78&2!7%)$M(7&2!07$-82&$r! =D V%6&$!7!$*%$-M5)*N-!(*!+,-(&)72-!(*!s*0%&$(7&2!&06&$r! ! !

;!


ED V%6&$!7!$*%$-M5)*N-!(*!+,-(&)72-!(*!'2$5+(72-!&06&$7r! JD v&(-'5)*N-!(*!4$&H$*L*!%*!$*6&2*<!@7(*('7'87!4,*(!7!0$5H7!0&85L-(27!(*!Q'&A7:*A7:*2*r! wD 3*%H,-05)*N-!7!5')&:5)*N-!(*!@7(*('7'87!7!0$5H7!7%)-M2*7!(*!&$H*(72-!(*!Q'&A7:*A7:*2*r! xD v-,&)(78!%*!$*6&2*!(*!Q'&A7:*A7:*2*r! "/D v&(-'5)*N-!(*!&0,587!%*!(*H$*07!7!4$7%(*(7:*r! ""D G0,5+5)*N-!%*!H*'(-N-!(*!Q'&A7:*A7:*2*!)&!',5+*:!(*!72(*!4&2$-6*r! ".D V%)$M5)*N-!(*!0$5H7!$*6&27!)&!'&H,*'(&'2!'&!>*8&(&2D! ! 2*-/L-)'/-:!.!20/M*-/L-)'/-:!! 9:-&!;<! l$-2'-0*2-,&2!(*!C&6$*(7-2&!H7!7L*!',-0(72-!4$*)*!7!0&,?(&'27K! •

O*!%*'2*45)*!7!4$-2'2*)5)*!Q'&A7:*A7:*2*!4$-0!2$-27!,7A*r!

V%)$M5)*!$-4$-%-(2*27)(7!@5(8A77!0&)-$-(7!&0!C&6$*(7-2&!7!&0!14$*)(7&2!&06&$r!

l$-2'-0*)*!'&!'-0(7A72-!(*!C&6$*(7-2&D!

! 9:-&!;=! B"F!l&24$-2'-0*2-,72-!H&!%*L-(5)**2!l$-2'-0*2-,&2!)&!',5+*:!(*!(-H&)*!'4$-+-(&'2!0*!H7!7%)$M5)*! 4&)-$-(72-!0&,?(&'27!(*!(*+7(!52)$0-(!&0!C&6$*(7-2&D! B.F!l&24$-2'-0*2-,72-!7%)$M5)**2!7!0$5H7!@5(8A77!0&)-$-(7!&0!C&6$*(7-2&<!l$-2'-0*2-,&2!7!&0! 14$*)(7&2!&06&$D! ! 9:-&!;B! B"F!l$-2'-0*2-,&2!7!4&24$-2'-0*2-,72-!L&?*2!0*!670*2!7!+,-(&)7!(*!14$*)(7&2!&06&$D! B.F! y5(8A772-! l$-2'-0*2-,! 7! l&24$-2'-0*2-,! (*! C&6$*(7-2&! '-! (-'4&7)7! '&! @5(8A772-! V%)$M-(! 07$-82&$!7!>*L-(78!7%)$M-(!07$-82&$D! ! %M*'N-&!0)J0*! 9:-&!;C! B"F! 14$*)(7&2! &06&$! -! 7%)$M-(! 7! &4-$*27)-(! &$H*(! (*! Q'&A7:*A7:*2*! 7! H&! '&+7(5)**2! '-05L! +,-(&)7!&0!8&7!0)*:A*!'-!V%)$M(7&2!07$-82&$!7!>*L-(78!7%)$M(7&2!07$-82&$D!! B.F!t,-(&)72-!(*!14$*)(7&2!&06&$!H7!7%67$*!C&6$*(7-2&!'&!L*(0*2!&0!0)-!H&07(7<!'&!L&?(&'2!%*! 4&)2&$-(! 7%6&$<! 4$7! M2&! )&! 14$*)(7&2! &06&$! (-! L&?*2! 0*! 670*2! 7%6$*(7! 0)*:A*! 7,7! 4&)-W-! +,-(&)7!&0!7'2&!4$*)(&!,7A-!7,7!(-@&$L*,(*!H$54*!M2&!-!+,-(!(*!Q'&A7:*A7:*2*D! BUF!14$*)(7&2!&06&$!%*'-0*)*!'4&$-0!4&2$-672-<!*!(*:L*,85!-0(*M!(*!2$7!L-'-A7D!

! !

=!


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z&!'4$&)-05)*!C2*252&2!7!0$5H72-!*827!(*!Q'&A7:*A7:*2*r! .D z7!'4$&)-05)*!&0,5872-!(*!C&6$*(7-2&!(*!Q'&A7:*A7:*2*r! UD O*!'4$&)-05)*!4$&H$*L*2*!%*!$*6&2*!(*!Q'&A7:*A7:*2*r! ;D l$-0,*H*!7%L-(7!(*!C2*252&2!7!(*!0$5H72-!*827!(*!Q'&A7:*A7:*2*r! =D l$-0,*H*!4$&H$*L*!%*!$*6&2*<!@7(*'7'87!4,*(!7!0$5H7!0&85L-(27!(*!Q'&A7:*A7:*2*r! ED l$-0,*H*!@7(*('7'87!7!0$5H7!7%)-M2*7!%*!$*6&2*2*!(*!Q'&A7:*A7:*2*r! JD 14$*)5)*! '&! 7L&2&2! (*! Q'&A7:*A7:*2*! )&! '&H,*'(&'2! '&! &),*'25)*N*2*! &0! C&6$*(7-2&<! '&! C2*252&2!7!'&!%*8&('872-!4$&47'7!)&!3-456,78*!9*8-0&(7:*r! wD 3*6&27!(*!4$767$*N-!'$-0'2)*!%*!Q'&A7:*A7:*2*r! xD 3*'4$-0-,5)*! '$-0'2)*! )&! Q'&A7:*A7:*2*! )&! '&H,*'(&'2! '&! 4$&H$*L*2*! %*! $*6&2*! (*! Q'&A7:*A7:*2*!7!'&!5')&-(7&2!@7(*('7'87!4,*(r! "/D G'(&)*!4&'2&:*(7!7!4&)$-L-(7!$*6&2(7!H$547r! ""D V%)$M5)*!7!0$5H7!$*6&27!0&)-$-(7!&0!C&6$*(7-2&!7,7!2*8)7!M2&!'&!0$5H7!4$&47'7!L5!'-! '2*)-(7!)&!(-H&)*!(*0,-?(&'2D! ! 9:-&!;F! !B"F!t,-(&)72-!(*!14$*)(7&2!&06&$!(-!0&67)**2!(*0&L-'2!%*!')&:*2*!$*6&2*!)&!14$*)(7&2!&06&$D! B.F!s*!+,-(&)72-!(*!14$*)(7&2!&06&$!L&?*2!0*!7L!670*2!4&8$7-(7!2$&M&A7!%*!4*25)*N*!7!0$5H7! ',7+(7!2$&M&A7!4&)$%*(7!'&!(7)(*2*!$*6&2*!)&!14$*)(7&2!&06&$D! ! 4(N*O-&!).*-P/0*!.!Q'R-&.P!.(N*O-&!).*-P/0*! 9:-&!;G! B"F!V%)$M(7&2!07$-82&$!-!7%)$M-(!7!&4-$*27)-(!&$H*(!(*!Q'&A7:*A7:*2*!7%6$*(!&0!C&6$*(7-2&!'&! L*(0*2!&0!0)-!H&07(7<!'&!L&?(&'2!%*!4&)2&$-(!7%6&$D!

! !

E!


B.F!V%)$M(7&2!07$-82&$!7!>*L-(78!7%)$M(7&2!07$-82&$!'-!-0(&)$-L-(&!7!+,-(&)7!(*!14$*)(7&2! &06&$D! BUF!V%)$M(7&2!07$-82&$!-!4$-2'-0*)*+!(*!14$*)(7&2!&06&$D! ! 9:-&!;I! 3*6&27!)&!(*0,-?(&'2!(*!V%)$M(7&2!07$-82&$!'-K! "D z&!'4$&)-05)*!C2*252&2!7!0$5H72-!*827!(*!Q'&A7:*A7:*2*!)&!'&$*6&28*!'&!14$*)(7&2!&06&$r! .D z7!'4$&)-05)*!&0,5872-!(*!C&6$*(7-2&!(*!Q'&A7:*A7:*2*!)&!'&$*6&28*!'&!14$*)(7&2!&06&$r! UD O*!'4$&)-05)*!4$&H$*L*2*!%*!$*6&2*!(*!Q'&A7:*A7:*2*!)&!'&$*6&28*!'&!14$*)(7&2!&06&$r! ;D l$-0,*H*! 7%L-(7! (*! C2*252&2! 7! (*! 0$5H72-! *827! (*! Q'&A7:*A7:*2*! )&! '&$*6&28*! '&! 14$*)(7&2!&06&$r! =D V%H&2)5)*! 4$-0,&HT4$&H$*L*! %*! $*6&2*<! @7(*'7'87! 4,*(! 7! 0$5H7! 0&85L-(27! (*! Q'&A7:*A7:*2*r! ED V%H&2)5)*!@7(*('7'87!7!0$5H7!7%)-M2*7!%*!$*6&2*2*!(*!Q'&A7:*A7:*2*r! JD 14$*)5)*! '&! 7L&2&2! (*! Q'&A7:*A7:*2*! 4&! &),*'25)*N-! &0! 14$*)(7&2! &06&$! 7! &0! C&6$*(7-2&<! *! )&! '&H,*'(&'2! '&! C2*252&2! (*! Q'&A7:*A7:*2*! '&! %*8&('872-! 4$&47'7! )&! 3-456,78*!9*8-0&(7:*r! wD 3*6&27!(*!4$767$*N-!'$-0'2)*!%*!Q'&A7:*A7:*2*r! xD 3*'4$-0-,5)*! '$-0'2)*! )&! Q'&A7:*A7:*2*! )&! '&H,*'(&'2! '&! 4$&H$*L*2*! %*! $*6&2*! (*! Q'&A7:*A7:*2*!7!'&!5')&-(7&2!@7(*('7'87!4,*(r! "/D v&0-,5)*!%*0*+7!7!0-,-H7$*!&0H&)&$(&'27!(*!+,-(&)7!(*!Q'&A7:*A7:*2*r! ""D 3*6&27!)&!&0(&'72-!'&!2$-27!,7A*<!'8,5+5)*!0&H&)&$7!7!4$-%-L*!&6)$'87!%*!'-8&:0(-)(&2&! @58A7&(7$*N-! (*! Q'&A7:*A7:*2*<! *! )&! '&H,*'(&'2! '&! 4$&H$*L*2*! 7! C2*252&2! (*! Q'&A7:*A7:*2*!7!4&!&),*'25)*N-!(*!14$*)(7&2!&06&$!7!(*!C&6$*(7-2&r!! ".D V%)$M5)*! 7! 0$5H7! $*6&27! 0&)-$-(7! &0! C&6$*(7-2&! (*! Q'&A7:*A7:*2*! 7,7! 2*8)7! M2&! '&! 0$5H7!4$&47'7!L5!'-!'2*)-(7!)&!(-H&)*!(*0,-?(&'2D! ! 9:-&!<K! !B"F!>*L-(78&2!7%)$M-(!07$-82&$!H&!%*L-(5)*!V%)$M(7&2!07$-82&$!)&!',5+*:!(*!(-H&)*!'4$-+-(&'2! 0*!H7!7%)$M5)*!4&)-$-(72-!0&,?(&'27!(*!(*+7(!52)$0-(!&0!14$*)(7&2!&06&$!(*!Q'&A7:*A7:*2*D! B.F! >*L-(78&2! 7%)$M-(! 07$-82&$! 7%)$M5)*! 7! 0$5H7! @5(8A77! 0&)-$-(7! &0! V%)$M(7&2! 07$-82&$<! C&6$*(7-2&<!l$-2'-0*2-,&2!7!14$*)(7&2!&06&$!(*!Q'&A7:*A7:*2*D! ! A')(0*-&!0)J0*! 9:-&!<;! B"F! s*0%&$(7&2! &06&$! H&! 8&(2$&,7$*! @7(*('7'8&2&! $*6&2-N-! (*! Q'&A7:*A7:*2*<! 8*8&! 7! 0$5H72-! *827)(&'27! (*! Q'&A7:*A7:*2*! 7! )&07! 'L-28*! %*! %*8&(72&'2*! (*! $*6&2*2*! 4$7! &'2)*$5)*N-2&! (*! ! !

J!


A-,72-! (*! Q'&A7:*A7:*2*D! >*! '72-! )&&+-(7! (-4$*)7,(&'27<! 6-%! &0,*H*N-<! s*0%&$(7&2! &06&$! H7! 7%)-'25)*!14$*)(7&2!&06&$!7!C&6$*(7-2&!(*!Q'&A7:*A7:*2*D! B.F!s*0%&$(7&2!&06&$!7L*!2$&:A*!+,-(&)7!&0!8&7!-0-(!-!l$-2'-0*2-,!(*!s*0%&$(7&2!&06&$<!*!'72-! H7! 7%67$*! C&6$*(7-2&<! '&! L*(0*2! &0! 0)-! H&07(7<! '&! L&?(&'2! %*! 4&)2&$-(! 7%6&$<! 4$7! M2&! )&! s*0%&$(7&2! &06&$! (-! L&?*2! 0*! 670*2! 7%6$*(7! 0)*:A*! 7,7! 4&)-W-! +,-(&)7! &0! 7'2&! 4$*)(&! ,7A-! 7,7!(-@&$L*,(*!H$54*!M2&!-!+,-(!(*!Q'&A7:*A7:*2*D! B.F!s*0%&$(7&2!&06&$!&06&$!%*'-0*)*!'4&$-0!4&2$-672-<!*!(*:L*,85!-0(*M!H&07M(&D! BUF!s*0%&$(7&2!&06&$!H&!')785)*!8&:!67,&!+,-(!(*!s*0%&$(7&2!&06&$D! B;F!C&!'-0(7A72-!(*!s*0%&$(7&2!&06&$!4$-2'-0*)*!l$-2'-0*2-,&2!(*!s*0%&$(7&2!&06&$D! B=F!s*0%&$(7&2!&06&$!0&(-'5)*!4&,(&4$*)(7!&0,587!'&!4$&'2&!L(&%7('2)&D! BEF!s*0%&$(7&2!&06&$!4&0(-'5)*!7%)-M2*:!%*!')&:*2*!$*6&2*!(*!H&07M(*2*!'-0(7A*!(*!C&6$*(7-2&! (*!Q'&A7:*A7:*2*D! ! 9:-&!<<! B"F!t,-(&)72-!(*!s*0%&$(7&2!&06&$!(-!0&67)**2!(*0&L-'2!%*!')&:*2*!$*6&2*!)&!s*0%&$(7&2!&06&$D! B.F!s*!+,-(&)72-!(*!s*0%&$(7&2!&06&$!L&?*2!0*!7L!670*2!4&8$7-(7!2$&M&A7!%*!4*25)*N*!7!0$5H7! ',7+(7!2$&M&A7!4&)$%*(7!'&!(7)(*2*!$*6&2*!)&!s*0%&$(7&2!&06&$D! ! "/*+S&.!0)J0*.! 9:-&!<=! B"F!C&6$*(7-2&!7%67$*!'2$5+(7!&06&$7!)&!'&H,*'(&'2!'&!&)&:!C2*252&2<!*!7L*:W7!H7!4$-0)70!A-,72-! 7!4&2$-672-!(*!Q'&A7:*A7:*2*D!! B.F!C2$5+(7&2!&06&$!L&?-!0*!'-!'&'2&7!&0!(*:L*,85!0)*!+,-(*D!! BUF! C&! $*6&2*2*! (*! '2$5+(7&2! &06&$! $*8&)&07! l$-2'-0*2-,! (*! '2$5+(7&2! &06&$! 7%6$*(! &0! C&6$*(7-2&!(*!Q'&A7:*A7:*2*<!'&!L*(0*2&2!&0!0)-!H&07(7<!'&!L&?(&'2!%*!4&)2&$-(!7%6&$D! ! 9:-&!<B! v&)-$-(7&2! L*(0*2! (*! l$-2'-0*2-,&2<! l&24$-2'-0*2-,&2<! V%)$M(7&2! ! 07$-82&$<! >*L-(78! 7%)$M(7&2! 07$-82&$! 7! (*! 8&:! 67,&! +,-(! (*! 14$*)(7&2! &06&$<! s*0%&$(7&2! &06&$! 7! (*! '2$5+-(! &06&$!4$-'2*(5)*K! "D Q8&!,7A-2&!4&0(-'-!47'L-(*!&'2*)8*r! .D Q8&! ,7A-2&! (-! :*! 7%)$M5)*! $*6&2*2*! %*! 8&:*! -! 7%6$*(! 7! (-! 4$*)7! (*4&$7! 0*! :*! 4&4$*)7! ')&:*2*! $*6&2*! )&! '&H,*'(&'2! '&! 58*?5)*N*2*! (*! 14$*)(7&2! &06&$<! %*! M2&! &0,5+5)*! C&6$*(7-2&!(*!Q'&A7:*A7:*2*!)&!'&H,*'(&'2!'&!&)&:!C2*252r! UD Q8&! ,7A-2&! $*6&27! 4$&27)! 7(2-$-'72-! (*! Q'&A7:*A7:*2*! 7! 7L! (*(-'5)*! M2-2*! (*! Q'&A7:*A7:*2*! 7! (*! (-:%7(7&2! 5H,-0<! %*! M2&! &0,5+5)*! C&6$*(7-2&! (*! Q'&A7:*A7:*2*! )&! '&H,*'(&'2!'&!&)&:!C2*252r! ;D Q8&!,7A-2&!-!7'8,5+-(&!&0!L*27+(&2&!%0$5?-(7-!M2&!-!+,-(!(*!Q'&A7:*A7:*2*r! =D Q8&!%0$5?-(7-2&!)&!8&-!+,-(5)*!,7A-2&!-!7'8,5+-(&!&0!Q'&A7:*A7:*2*D! ! !

w!


! Q$"#$2%D$T7!4!267#"#$D%D$T7! 9:-&!<C! B"F! V%)$M(7&2! 07$-82&$! 7! l$-2'-0*2-,&2! (*! C&6$*(7-2&! :*! 4$-2'2*)5)**2! 7! %*'2*45)**2! Q'&A7:*A7:*2*!)&!4$*)(7&2!4$&L-2!7!7L**2!4$*)*!7!0&,?(&'27!(*!@7(*('7'87!(*,&H&0*)A7D! B.F! C72-! (*,&%7! %*! @7(*('7'87! 7'4,*27! %*0&,?72-,(&! 7! 7'2&)$-L-(&! H7! 4&247M5)**2! l$-2'-0*2-,&2!(*!C&6$*(7-2&!7!V%)$M(7&2!07$-82&$!4&!4$7(A74&2!(*!R)$%*(7!4&247'7SD! ! "#7UA%D$T7!4!6$"21?$H$T7!"1!"675"#D$! 9:-&!<E! Q'&A7:*A7:*2*!'-!@7(*('7$*!4$-85K! "D t,-(*$7(*!&0!+,-(&)72-!(*!Q'&A7:*A7:*2*r! .D v&6$&)&,(7! 4$7,&%7<! 4&0*$&A7! 7! &'2*)(7(7! (*! 0&L*M(7! 7! '2$*('87! 4$*)(7! 7! @7%7+87! ,7A*r! UD G0!0$?*)(7&2!65{-2!7!0$5H7!@&(0&)7r! ;D G0!0$5H7!7%)&$7<!)&!'&H,*'(&'2!'&!>*8&(&2D! ! 9:-&!<F! B"F!Q'&A7:*A7:*2*!'-!%*(7L*)*!-07('2)-(&!7!7'8,5+7)&!'&!(-4$&@72(7!0-:(&'27D! B.F!C$-0'2)*2*!(*!Q'&A7:*A7:*2*!L&?*2!0*!'-!8&$7'2*2!7'8,5+7)&!%*!A-,7!0-@7(7$*(7!'&!C2*252&2! (*!Q'&A7:*A7:*2*D!! BUF! G0,5872-! )&! )$'8*! '&! 4$7q&072-! 7! $*'q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

x!


B.F!Q'&A7:*A7:*2*!L&?-!0*!'-!%*+,-(5)*!)&!L-I5(*$&0(7!&$H*(7%*A77!)&!'&H,*'(&'2!'&!>*8&(&2D! BUF!G0,58*!%*!%0$5?5)*N-!7,7!%*+,-(5)*N-!)&!'&H,*'(&'2!'&!4$-2q&0(72-!0)*!'2*)*!(*!&)&:!+,-(! 0&(-'5)*!C&6$*(7-2&!'&!0)&2$-27('8&!L(&%7('2)&!&0!4$7'52(72-!+,-(&)7D! ! 267"#$A1U!A$!6$81#$#$! 9:-&!=K! B"F!l$-'2*(&8!(*!$*6&2*2*!(*!Q'&A7:*A7:*2*!L&?-!0*!(*'2*47!)&!',-0(72-!',5+*7K! "D #$%! &'(&)*! (*! &0,58*! (*! C&6$*(7-2&<! 8&:*! '-! 0&(-'5)*! '&! (*:L*,85! 0)-! 2$-27(7! &0! )854(7&2!6$&:!+,-(&)7!(*!C&6$*(7-2&r! .D v&8&,85! 6$&:&2! (*! +,-(&)7! (*! Q'&A7:*A7:*2*! '2*(-! 4&L*,! &0! %*8&('87! 4$&47M*(7&2! L7(7L5L!%*!$*6&2*!(*!%0$5?-(7-!(*!H$*I*(7!7!)&!0$5H7!',5+*7!4$-0)70-(7!'&!>*8&(&2D! ! 9:-&!=;! B"F!#&!',5+*:!(*!4$-'2*(&8!'&!$*6&2*!(*!Q'&A7:*A7:*2*<!&0,58*!%*!7L&2&2!(*!Q'&A7:*A7:*2*!0&(-'5)*! C&6$*(7-2&D! B.F!|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z-M&'8*! #&!C8&4:-<!.JD!;D!./".!H&07(*! ! !

"/!


status jadro