Čć! (-!+Ä“ĹŠ 4-%41 '4
Äž ĹŠ } Ä?
ĹŠÄˆÄŠĹŠ ĹŠ ĹŠ ĹŠÄ‰Ä‡ÄˆÄˆ
ĹŠ
.1.-#+ĹŠ 11(¢-ĹŠ2#ĹŠ"#ÄƒĹŠ#-"#
;%(- ĹŠ ÄŽ
#11#,.3.Ä–ĹŠ (-,(%1 -3#2ĹŠ #-ĹŠ+ ĹŠ! ++#
)(Ă°Ĺ‹ ')-Ĺ‹ (Ĺ‹ &Ĺ‹ / (Ĺ‹ (#0 &Ĺ‹ Ĺ‹$/ Äš !)Ĺ‹+/ Ĺ‹ Z Äš (# )Ĺ‹*/ Ĺ‹ ,Ĺ‹ )')Ĺ‹ " -. Ĺ‹ ")Äš , Ä‘Ä„
;%(- ĹŠ Ä?
3(ÄƒĹŠ! ".ĹŠ#+ĹŠ .ĹŠ #-ĹŠ 4-%41 '4 -ĹŠ+.2ĹŠ-4#5#ĹŠ! -3.Äą -#2ĹŠ"#ĹŠ+ ĹŠ/1.5(-!( ĹŠ #+ĹŠÄĽ .ÄŚĹŠ345.ĹŠ, 8.Äą 1~ Ä“ĹŠ .2ĹŠ" 3.2ĹŠ.$(!( Äą +#2ĹŠ2#ĹŠ" 1;-ĹŠ#+ĹŠÄˆÄ?Ä“
Bk[]e Z[ i[_i Z‡Wi Z[ Yedj[e o h[Yedj[e Z[ lejei [d bW fhel_dY_W Z[ Jkd]khW^kW" bei [iYhkj_d_ei [b[YjehWb[i _d]h[iWhed Wb i_ij[cW dWY_edWb [d kd Y_[d feh Y_[dje$ I[]‘d bei h[ikbjWZei eXj[# d_Zei [d bei dk[l[ YWdjed[i" [b ĂˆDeÉ ikf[hÂŒ Yed c|i Z[ eY^e fkdjei Wb ĂˆI‡É" be gk[ \k[ YedĂ’ h# cWZe Wb jƒhc_de Z[b fheY[ie$ I[ fh[lƒ gk[ bei h[ikbjWZei eĂ’ Y_W# b[i i[ bei Zƒ W YedeY[h [b bkd[i ', Z[ cWoe [d [b IWbÂŒd Z[ bW :[ce# YhWY_W Z[ Jkd]khW^kW" i_jkWZe Wb _dj[h_eh Z[ bW :[b[]WY_ÂŒd ;b[Y# jehWb$ BW \Wi[ Z[b Yedj[e Z[ lejei i[ [\[YjkÂŒ [d bWi XeZ[]Wi Z[b eh# ]Wd_ice [b[YjehWb" kX_YWZe [d bW fWhhegk_W CWhj‡d[p$ ;%(- ĹŠ ĉ
Ë Ŋ ^ ĔŊ
Ŋ Ŋ ^ Ŋ ĔŊ Ŋ Ŋ Ŋ
ēŊ .2ŊĉĎŊ  .2Ŋ"#Ŋ! -3.-(Ĺ 9 !(¢-Ŋ2#Ŋ!#+# 1 1;-Ŋ Ŋ+.Ŋ%1 -"#
) " Ĺ‹ -.6Ĺ‹ ")3Ĺ‹ Ĺ‹ # -. Ĺ‹ (#0 ,- ,#
ÂĄ Ä“ĹŠ 2ĹŠ !3 2ĹŠ$4#1.-ĹŠ#2! -# " 2ĹŠ#-ĹŠ24ĹŠ3.3 +(" "ĹŠ#-ĹŠ#23 ĹŠ/1.5(-!( Ä“
7 fWhj_h Z[ bWi '&0&& Z[ ^eo i[ Z[iWhhebbWh| [b Z[iĂ’ # b[ Y‡l_Ye c_b_jWh Yed [b gk[ [b fk`Wdj[ YWdjÂŒd CeY^W Y[b[XhW iki XeZWi Z[ fbWjW$ :[b[]WY_ed[i Z[ bW fhel_d# Y_W [ _dij_jkY_ed[i _dl_jWZWi Z[ H_eXWcXW" i[ ^Wh|d fh[i[dj[i [d fWhW h[dZ_h kd `kije ^ec[# dW`[ feh Y[b[XhWh kd dk[le W‹e Z[ l_ZW _dij_jkY_edWb$ Feij[h_ehc[dj[ i[ h[Wb_pWh| bW i[i_ÂŒd ieb[cd[ Yed _dl_jW# Zei W d_l[b fhel_dY_Wb o dWY_e# dWb" gk[ Z[ijWYWh|d bW bWXeh Z[ bei cehWZeh[i$
(. Ĺ‹ )- Ĺ‹ -#(š(#')Ĺ‹ Ĺ‹*,)!, -)Ĺ‹ FWhW \WY_b_jWh o c[`ehWh bWi YedZ_Y_ed[i Z[ l_ZW Z[ bei cehWZeh[i Z[ bW fWhhegk_W IWdjW HeiW" bW @kdjW FWhhe# gk_Wb" [d YeehZ_dWY_ÂŒd Yed bWi Wkjeh_ZWZ[i fhel_dY_Wb[i" [`[YkjWd lWh_ei fheo[Yjei Z[ij_dWZei W bW l_Wb_ZWZ o i_i# j[cWi Z[ WbYWdjWh_bbWZe$ FWjh_Y_e L_bbWY‡i" fh[i_# Z[dj[ Z[ bW @kdjW" cWd_\[i# jÂŒ gk[ Z[djhe Z[ bWi dk[lWi eXhWi gk[ i[h|d fbWdj[WZWi W bWi Wkjeh_ZWZ[i [ij|d [b Wi\WbjWZe Z[ bW YWhh[j[hW gk[ YedZkY[ Z[iZ[ [b Y[djhe fW# hhegk_Wb ^WijW [b YWi[h‡e [b Gk_dY^[" bk[]e W C_igk_bb‡ o Ă’ dWbc[dj[ Wb Wd_bbe l_Wb Z[ * ;igk_dWi gk[ i[ kd[ Yed [b YWdjÂŒd J_iWb[e$ ;%(- ĹŠ ÄŒ
;%(- ĹŠ ĈĈ
ĹŠ
ĹŠ5 ĹŠ ' !( ĹŠ4- ĹŠ 1##2314!341 +ĹŠ 1#2("#-3#ĹŠ "#ĹŠ + ĹŠ #/ĂŒ +(! ĔŊ $ #+ĹŠ .11# ĔŊ(-2(23(¢Ŋ#-ĹŠ+ ĹŠ5(!Äą 3.1( ĹŠ"#+ĹŠ ~ĹŠ#-ĹŠ+ ĹŠ!.-24+3 ĹŠ/./4+ 1ĹŠ 8ĹŠ"(.ĹŠ ĹŠ!.-.!#1ĹŠ+.2ĹŠ! , (.2ĹŠ04#ĹŠ 2#ĹŠ" 1;-ĹŠ#-ĹŠ24ĹŠ (-#3#ĔŊ!.-ĹŠ+ ĹŠ 1#-4-!( ĹŠ"#ĹŠ +$1#".ĹŠ #1 ĹŠ!.,.ĹŠ (-(231.ĹŠ"#+ĹŠ -3#1(.1ĹŠ#+ĹŠ! 1%.ĹŠ+.ĹŠ 24,(1;ĹŠ .2_ĹŠ #11 -.ĔŊ !34 +ĹŠ ,(-(231.ĹŠ"#ĹŠ 423(!( Ä“ : ĹŠ ÄˆĹŠ
666Ä“+ '.1 Ä“!.,Ä“#!
Ă 0%!),+ (! 01. āĆŏ)%*ċ
ŏāăŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
ŋ ŋ ŋĒ ēŋ ŋ ŋ ŋ 4+,(- ".2ũ+.2ũ #2!143(-(.2ũ#-ũ #23 ũ/1.5(-!( Ĕũ2#ũ '(!(#1.-ũ/Ì +(!.2ũ +.2ũ1#24+3 ".2ē Bei c_[cXhei Z[ bW :[b[]WY_ d o @kdjW Fhel_dY_Wb ;b[YjehWb Z[ Jkd]khW^kW YedYbko[hed [b fheY[ie Z[ Yedj[e" h[Yedj[e [ _d]h[ie Z[ bWi WYjWi [b[YjehWb[i gk[ \k[hed WdWb_pWZWi [d bWi XeZ[]Wi Z[ bW Z[b[]WY_ d kX_YW# ZWi [d bW fWhhegk_W 7k]kije D$ CWhj d[p$ :Wd_[bW BWhh[W" fh[i_Z[djW Z[ bW @kdjW Fhel_dY_Wb ;b[YjehWb" WYbWh gk[ [b fheY[ie ^W i_Ze jhWdifWh[dj[ o i_d d_d] d j_fe Z[ [hheh[i" i_d [cXWh]e i[ bb[l W [\[Yje [b h[Yedj[e fWhW l[h_Ò # YWh ZWjei o Y_\hWi Z[ bW YedikbjW$ FWhW YedijWjWh [b fheY[ie" h[fh[i[djWdj[i Z[b Cel_c_[d# je FefkbWh :[ceYh|j_Ye CF: WYkZ_[hed Wb eh]Wd_ice fWhW [n_]_h YbWh_ZWZ o YedÒ WX_b_ZWZ Z[ bei h[ikbjWZei" [ije bk[]e Z[ gk[ [d lWh_ei fhel_dY_Wi i[ iki# Y_jWh|d fheXb[cWi Yed [b Yedj[e Z[ WYjWi$ :[ [ij[ ceZe" [b fheY[ie Z[b Yedj[e j[hc_d [d YWZW kde Z[ bei dk[l[ YWdjed[i" [d kd Y_[d feh Y_[dje" i_d fheXb[cW Wb]k# de$ ;djh[ bei h[ikbjWZei gk[ i[ ck[ijhWd [d bei h[YkWZhei i[ fk[Z[ l[h gk[ bW efY_ d Z[b ÈDeÉ ^W ikf[hWZe [d lejei W bW efY_ d Z[b ÈI É" Z[`WdZe [d [ijW eYWi_ d i_d ikij[dje Wb =eX_[hde DWY_e# dWb$ I[ fh[l gk[ bei h[ikbjWZei fhel_dY_Wb[i i[ bei Z_\kdZW eÒ # Y_Wbc[dj[ [b bkd[i ', Z[ cWoe$ >Wo gk[ h[YehZWh gk[ Z[djhe
Z[ bW fhel_dY_W [n_ij_[hed c_b .* `kdjWi h[Y[fjehWi Z[b leje" Yed kd jejWb Z[ [b[Yjeh[i Z[ *'' c_b ,*-$ :[ [ijW \ehcW" [b jhWXW`e Z[ bei leYWb[i" i[Yh[jWh_ei" f[hiedWb j Yd_Ye o Z[c|i f[hiedWi gk[ [ijkl_[hed _dlebkYhWZWi Yed [b fheY[ie [b[YjehWb Z[ bW 9edikbjW FefkbWh o [b H[\[h dZkc (&''" YedYbko [d bW fhel_dY_W Z[ Jkd# ]khW^kW
ũũũũ ũũũũ ũũũũũ ũ ũ ũ ũ ũ ũ ũ
.3 +ũũũ +#!3.1#2ũũ ũČĈĈēďČĐũ
4-3 2 ĈēćđČũũ ũũ
ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ
ČĉĔĉćĎũ ĊđĔĎĎĎũ ĊĐĔĎĉČũ ĊĎĔĒćĉũ ĊďĔĎĊČũ ĊĐĔĒĊĈũ ĊđĔĈĈďũ ĊĒĔďĐũ ĊĎĔĈĐđũ ĊďĔĈďČũ
ũũũũũũũũ ũ ũũũũũũũũ ũ ũũũũũũũũ ũ ũũũũũũũũ ũ ũũũũũũũũ ũ ũũũũũũũũ ũ ũũũũũũũũ ũ ũũũũũũũũ ũ ũũũũũũũũ ũ ũũũũũũũũ ũ
ČđĔĐČĎũ ĎĉĔĉĈĎ ĎĊĔĉĐđ ĎČĔĎĐĒ ĎĊĔđĊ ĎĈĔđČďũ ĎĈĔĐđĐũ ĎćĔĉČĊũ ĎČĔĊĒĉũ ĎĊĔĎĈĈ
4)#1#2ũıũŘ
ĉćĈēĐČđũũũČĒĔćĈũũũ
ĉćĒēđĒĒũũũĎćĔĒĒ
ũĎĊĎũũũũũũũũũũũČĒĔĊĎũũ
ũĎČĒũũũũĎćĔďĎ
Ĉũ ĉũ Ċũ Čũ Ďũ ďũ Đũ đũ Ēũ Ĉćũ
ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ
ĊĈĔĒđũ ĉđĔđČĉũ ĉđĔĐĐĎũ ĉĐĔďćĎũ ĉĐĔĒĊũ ĉđĔđćĐũ ĊćĔđĒďũ ĉĒĔĎĈĊũ ĉďĔđĉĈũ ĉđĔĐĐĈũ
ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ
ĎďĔĒ ĎĒĔĈĉĉ ĎĒĔĎČďũ ďćĔĊĊĐ ďćĔćĊđ ĎđĔČĈĉ ĎďĔĉĈď ĎĐĔĎĊĈ ĎĒĔĐČĒ ĎđĔĈĐĐ
Ĉũ ĉũ Ċũ Čũ Ďũ ďũ Đũ đũ Ēũ Ĉćũ
ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ
ČĎĔĊĉĐũ ĊĒĔđĉĎũ ĊđĔĐČũ ĊĐĔĊćĉũ ĊđĔĊđĐũ ČćĔĈĉĎũ ČĈĔĒČĉũ ĊĒĔďĎĎũ ĊĎĔĒĒĎũ ĊĎĔđĊđũ
ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ
ČďĔĈĐĐũ ĎćĔĒđĐũ ĎĉĔČĊđũ ĎĉĔĐĉĎũ ĎĉĔĉĒČũ ĎćĔćĉũ ČđĔĈĎĈũ ĎćĔĐĒĈũ ĎĊĔČĎũ ĎĊĔĐđČũ
ĊĈĔĈďďũ ĉĐĔĉĎđũ ĉđĔćĎĈũ ĉďĔĈćđũ ĉďĔďćđũ ĉĐĔćĐĉũ ĉĒĔćĐČũ ĉđĔĈĐũ ĉĎĔĎćĊũ ĉďĔĊČĐũ
ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ
ĎđĔĐČďũ ďĉĔĉČĊũ ďĈĔĎĒĊũ ďĊĔĉČČũ ďĉĔđĈĈũ ďĈĔČĉĈ ĎđĔĐĉČ ďćĔďĎĒũ ďĉĔđĈĒũ ďĈĔĒđĉũ
Ĉũ ĉũ Ċũ Čũ Ďũ ďũ Đũ đũ Ēũ Ĉćũ
ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ
"4!(" "ũ 1(2(¢-ũ 1#5#-3(5 #"(" 2ũ 423(343(5 2 -! ũ8ũ #"(.2
4"(! 341 ũ"#ũ 1 -2(!(¢ 4#5 ũ 4"(! 341 -1(04#!(,(#-3.ũ(-)423(ăũ! ".
4#%.2ũ"#ũ 9 1 .1.2ũ8ũ ++.2 #%4+ !(¢-ũ"#ũ #"(.2 ăũ+( !(¢-ũ +ũ
Ĉũ ĉũ Ċũ Čũ Ďũ ďũ Đũ đũ Ēũ Ĉćũ
ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ
ĊĊĔĎĉĎũ ĊćĔĈĐĎũ ĊćĔĊČĎũ ĉđĔĒĎũ ĉĒĔĎĉĊũ ĊćĔĊđĒũ ĊĉĔďĊČũ ĊĉĔĈĉČũ ĉđĔďĈĊũ ĉĒĔČĈĉũ
ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ
ĎďĔĊĈĉ ĎĒĔĊĐĎ ĎĒĔĉđď ďćĔĉďĊũ ďćĔćĊđũ ĎđĔćĈď ĎĎĔďĎũ ĎďĔČĊĉ ĎĒĔČĐ ĎđĔĐĈĉ
ĊĎĔĉĎĊũ ĊĈĔĐĈĐũ ĊĈĔĒĒĈũ ĉĒĔĐĉĉũ ĊćĔČćĊũ ĊĈĔĒČČũ ĊČĔĈĈđũ ĊĉĔĊĈČũ ĉĒĔďĒđũ ĊĈĔĉĐĎũ
ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ
ĎČĔĒČ ĎĐĔĒĎ ĎđĔćČďũ ĎĒĔđĈČũ ĎđĔĒĎČũ ĎĐĔćďď ĎČĔĊĐđũ ĎďĔČďĒ ĎĒĔćďĈ ĎĐĔćĎČũ
ČćĔĐćĎũ ĊďĔĐĉĈũ ĊĎĔĈĈĒũ ĊĊĔđĒĒũ ĊČĔČĊĊũ ĊĎĔĉĎĊũ ĊđĔĐĒĒũ ĊĊĔďĊĉũ ĊĉĔďĉĉũ ĊĊĔĒĒČũ
ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ
ĎćĔĎćĎ ĎĉĔĒđČ ĎČĔĐĎĐũ ĎĎĔĎĊĒ ĎĎĔĉĊČũ ĎČĔĈČĐũ ĎĈĔćĐĐũ ĎďĔĉđĉ ĎďĔČĎČ ĎĎĔĊđďũ
3 3# ČĉĔĐĐđũ ĊĒĔđĈũ ĊĒĔĉćĊũ ĊĐĔĉĈČũ ĊĐĔďđĎũ ĊĒĔĈćČũ ČĈĔćđĎũ ČĉĔĎĒďũ ĊđĔĉĎČũ ĊĐĔđĉĉũ
ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ
ČĒĔĊĎĈũ ĎĈĔđĊĊũ ĎĉĔďČĎũ ĎĊĔđĒũ ĎĊĔĎĎď ĎĈĔďĉũ ČĒĔĐĈĎũ ČđĔĊĐĉ ĎĉĔćĒĈ ĎĉĔĐĎ
Ĉũũ ĉũ Ċũ Čũ Ďũ ďũ Đũ đũ Ēũ Ĉćũ
ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ
.!'
#5 ++.2 ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ
Ĉēũ ĉēũ Ċēũ Čēũ Ďēũ ďēũ Đēũ đēũ Ēēũ Ĉćēũ
#+(+#.
.2
4#1. Ĉũ ĉũ Ċũ Čũ Ďũ ďũ Đũ đũ Ēũ Ĉćũ
., 1#2ũıũŘũũũũũ
(2 +#.
~++ 1. Ĉũ ĉũ Ċũ Čũ Ďũ ďũ Đũ đũ Ēũ Ĉćũ
.-24+3 ũ ./4+ 1
ũ 4-%41 '4 ũũũũ
, 3. Ĉũũũũ ĉũũũũ Ċũ Čũũ Ďũ ďũũ Đũũũũ đũ Ēũũũũ Ĉćũ
ũ
(34 !(¢-
ČĐĔĐĒĉũ ČČĔĊĒĒũ ČĉĔďďđũ ČĈĔĉĈĒũ ČĈĔĒĒďũ ČČĔĊđĉũ ČĊĔĎĊČũ ČĊĔĉďĒũ ČćĔĎďĎũ ČćĔĈĒČũ
ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ
ČĎĔĐĉČũ ČđĔĒĐĎũ ĎćĔďćĈũ ĎĈĔďĐđũ ĎćĔĐĒĎ ČđĔČĈũ ČđĔĒĉĉũ ČĒĔĊĒĒ ĎĈĔďćđũ ĎĈĔĒĉď
Ĉũ ĉũ Ċũ Čũ Ďũ ďũ Đũ đũ Ēũ Ĉćũ
ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ
.,#- )#ĹŠ +ĹŠ %4 ĹŠ
(Ĺ‹& Ĺ‹ & , #š(Ĺ‹ Ĺ‹& -Ĺ‹Ă°Ĺ‹ -. -Ĺ‹* .,)( & -Ĺ‹ Ĺ‹& Ĺ‹ (# Ĺ‹ / .#0 Ĺ‹ / (Ĺ‹ š(Ĺ‹ , Ĺ‹Ĺ‹Ä’ Ĺ‹ && Ä“Ä…Ĺ‹&)-Ĺ‹ &/'()-Ĺ‹ Ĺ‹&)-Ĺ‹- 2.)-Ĺ‹ ˜)-Ĺ‹ Ĺ‹ 6-# Ä…Ĺ‹ 2*/-# ,)(Ĺ‹& Ĺ‹#'*),. ( # Ĺ‹ Ĺ‹ /# ,Ĺ‹ &Ĺ‹ !/ Ä„Ĺ‹ )(Ĺ‹'Ă„-# Ĺ‹3Ĺ‹ '#')-Ĺ‹*, - (. ,)(Ĺ‹0 ,#)-Ĺ‹ )(- $)-Ĺ‹ Ĺ‹ "),,)Ĺ‹ &Ĺ‹ !/ Ä„Ĺ‹ &)'ZĹ‹ ,v(Ä…Ĺ‹- ˜),#. Ĺ‹ .,)( .)Ĺ‹ /(# #* &Ĺ‹ 3Ĺ‹ #( Ĺ‹ Ĺ‹& Ĺ‹ '*, - Ĺ‹ Ă„ &# Äš '*, - Ĺ‹ /(# #* &Ĺ‹ Ĺ‹ !/ Ĺ‹ ). & Ĺ‹3Ĺ‹ & (. ,#&& )Ĺ‹ Ĺ‹ ' .)ŋĢ Äš ÄŁÄ…Ĺ‹* ,.# #*šŋ (Ĺ‹ &Ĺ‹ 0 (.)Ĺ‹3Ĺ‹ &# #.šŋ& Ĺ‹#(# # .#0 Ä„Ĺ‹
Ĺ? Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
#!/ (Ĺ‹,) )-Ĺ‹3Ĺ‹ - &.)-Ĺ‹ (Ĺ‹4)( -Ĺ‹, -# ( # & '.1 ĹŠ+.2ĹŠ, +# -Äą 3#2ĹŠ' !#-ĹŠ"#ĹŠ+ 2ĹŠ 248 2ĹŠ#-ĹŠ,.3.!(Äą !+#3 2ĹŠ#-ĹŠ'.1 2ĹŠ"#ĹŠ + ĹŠ-.!'#ĹŠ#-ĹŠ (!. Ä“ 7^ehW bei cWb[Wdj[i kj_b_pWd kd dk[le cÂŒl_b fWhW heXWh o WiWbjWh [d [b i[Yjeh Z[ <_YeW" kj_# b_pWdZe kdW cejeY_Yb[jW ZedZ[ fk[Z[d [iYWfWh h|f_ZWc[dj[$ BW deY^[ Z[b c_ƒhYeb[i jh[i cehWZeh[i gk[ ^WX_jWd [d [b i[Y# jeh Z[ Bei Gk_dZ[i" YWc_dWXWd Z[ cWd[hW jhWdgk_bW [d ^ehWi Z[ bW deY^[ Z[iZ[ BWi FWbcWi ^WijW ik Zec_Y_b_e" YkWdZe _d[if[hW# ZWc[dj[ Zei ik`[jei gk[ _XWd [d kdW cejeY_Yb[jW bei _dj[hY[fjW# hed Yed [b fhefÂŒi_je Z[ heXWhb[i iki f[hj[d[dY_Wi" i_d [cXWh]e bW W]_b_ZWZ Z[ bei Y_kZWZWdei _cf_# Z_ÂŒ gk[ bei cWb[Wdj[i ^W]Wd Z[ bWi ikoWi$ ;ije i[ Z_e f[i[ W gk[ bW Feb_Y‡W DWY_edWb h[Wb_pW iki hedZWi deYjkhdWi$ ÆDeiejhei de ieif[Y^Wcei dWZW" f[he [d [b _dijWdj[ [d gk[
kde Z[ [bbei i[ XW`WXW Z[ bW ceje fWhW Z_h_]_hi[ ^WY_W deiejhei" Yehh_cei Yed c_ [ifeiW o c_ ^_`e i_d ZWhb[i j_[cfe W gk[ fk[# ZWd Z[Y_h e ^WY[h Wb]e [d YedjhW Z[ deiejhei$ I[h‡W Xk[de gk[ bW Feb_Y‡W fk[ZW ikf[hl_iWh e Yed# jhebWh W gk_[d[i Y_hYkbWd feh [b i[Yjeh [d cejeY_Yb[jW" oW gk[ bei cWb[Wdj[i gk[ dei Wi[Y^Whed [hWd Z[ WfWh_[dY_W YebecX_WdWÇ" Z_`e ?icW[b DD" cehWZeh W\[YjW# Ze$ 7 fWhj_h Z[ bWi (&0&& i[ Z_Y[ gk[ feh [b i[Yjeh Y_hYkbWd lWh_Wi cejeY_Yb[jWi gk[ hedZWd bei fW# iW`[i gk[ [ij|d W be bWh]e Z[ bW Wl[d_ZW Bei =kWojWcXei$ Æ9bWhWc[dj[ i[ l_e gk[ bei fei_Xb[i ieif[Y^eiei fWiWd bk[]e Z[ gk[ bW Feb_Y‡W ^W]W iki hedZWi" [i Z[Y_h lWd Z[jh|i Z[ [bbei" [i feh [ie gk[ [i d[Y[iWh_e kd Yedjheb feh [b i[Yjeh" [if[# Y_Wbc[dj[ [d ^ehWi Z[ bW deY^[Ç" ÂĄ Ä“ĹŠ ĹŠ(-!#13("4, 1#ĹŠ1#%1#2 ĹŠ ĹŠ+ ĹŠ9.- ĹŠ8ĹŠ $#!3 ĹŠ ĹŠ+.2ĹŠ,.1 ".1#2Ä“ WYbWhÂŒ Hec_dW DD" W\[YjWZW$ #3(!(.-#2
Be gk[ f_Z[d bei W\[YjWZei W bW Feb_Y‡W DWY_edWb" [i gk[ bWi hedZWi de i[ ^W]Wd iebe feh bW Wl[d_ZW fh_dY_fWb" oW gk[ [i W^‡
ZedZ[ Wfhel[Y^Wd bei cWb[Wd# j[i fWhW ^WY[h Z[ bWi ikoWi$ ÆFeh [b i[Yjeh ^Wo `ÂŒl[d[i Z[ '( o '- W‹ei gk[ iWb[d W bWi j_[d# ZWi o feh [bbe bei kd_\ehcWZei
Z[X[h‡Wd ZWh cWoeh i[]kh_ZWZ [d [ijW pedW h[i_Z[dY_Wb fWhW gk[ dei b[i fWi[ dWZWÇ" fkdjkW# b_pÂŒ ?icW[b DD Yed kd jede Z[ fh[eYkfWY_ÂŒd$
Ä? 0 &/ ,6(Ĺ‹., $)Ä…Ĺ‹()Ĺ‹& Ĺ‹ '* ˜ đĆŋ 6( " 4 Bk[]e Z[ ZWh W YedeY[h ik W][d# ZW Ykcfb_ZW Z[iZ[ [b fWiWZe l_[hd[i , Z[ cWoe Z[ (&''" [b =eX[hdWZeh Z[ Jkd]khW^kW" 7b[n_i I|dY^[p" i[‹WbÂŒ gk[ [d bei fhÂŒn_cei Z‡Wi lW W [lWbkWh [b jhWXW`e Z[ YWZW kde Z[ bei \kdY_edWh_ei Z[b ;ijWZe" c|i de bW YWcfW‹W feb‡j_YW ^[Y^W feh YWZW kde Z[ [bbei$ ÆBei \kdY_edWh_ei [ijWcei fWhW Ykcfb_h Yed ckY^Wi WYj_# l_ZWZ[i" [d bW [lWbkWY_ÂŒd \kd# ZWc[djWbc[dj[ i[ lWbehWh| bWi Yecf[j[dY_Wi fhe\[i_edWb[i [d [b Z[i[cf[‹e Z[ iki \kdY_ed[i o jWcX_ƒd ik Yecfhec_ie$ De feZ[cei [if[hWh gk[ bei @[\[i o J[d_[dj[i Feb‡j_Yei jhWXW`[d [d efei_Y_ÂŒd Wb =eX_[hde" i_[d# Ze h[fh[i[djWdj[i Z[b c_iceÇ" Z_`e$ 7]h[]ÂŒ gk[ de ĂˆheZWh|d YW# X[pWiÉ feh be gk[ i[ ^Wh| kdW [lWbkWY_ÂŒd gk[ _d_Y_Wh| Z[iZ[ [b =eX[hdWZeh$ ;ijWi Z[YbWhWY_ed[i \k[hed [c_j_ZWi bk[]e Z[ gk[ [d Jkd# ]khW^kW ]WdWhW feh lWh_ei fkd# jei [b ĂˆDEÉ [d bW 9edikbjW Fefk#
bWh" jecWdZe [d Yk[djW gk[ bei =eX[hdWZeh[i [hWd bei [dYWh]W# Zei Z[ Z_\kdZ_h bWi fhefk[ijWi
Z[ ]eX_[hde fWhW gk[ [b leje i[W fei_j_le$ ÆLWcei W jhWXW`Wh fWhW je#
ēŊ +#7(2Ŋ ;-!'#9ĔŊ%. #1- ".1Ŋ"#Ŋ+ Ŋ/1.5(-!( Ŋ"#Ŋ 4-%41 '4 ĔŊ"(.Ŋ Ŋ !.-.!#1Ŋ3#, 2Ŋ"#Ŋ(-3#1_2Ŋ/ 1 Ŋ+ Ŋ!.,4-(" "ē
cWh Z[Y_i_ed[i [d X[d[\_Y_e Z[ bW fhel_dY_W" jeZei [ijWcei eXb_]WZei W jhWXW`Wh feh bei Y_kZWZWdeiÇ" fkdjkWb_pÂŒ$
ă
4#5 Ŋ1#4-(¢-Ŋ , (#-3 +
Ĺ—ĹŠĹŠĹŠ
BW 9ec_i_ÂŒd Z[ >_]_[d[ o C[Z_e 7cX_[dj[ Z[b Ckd_Y_# f_e Z[ 7cXWje" fWhj_Y_fWh| Z[ bW Ăˆ:_iYki_ÂŒd Z[ bW EhZ[dWd# pW Z[ 9h[WY_ÂŒd Z[ ;cfh[iW Ckd_Y_fWb" fWhW bW =[ij_ÂŒd ?d# j[]hWb Z[ bei H[i_Zkei IÂŒb_Zei Z[b 9WdjÂŒd 7cXWjeÉ$ ;b [l[dje i[ ZWh| ^eo [d [b >ej[b 7cXWje W fWhj_h Z[ bWi '&0&&$
.-31.+#2ĹŠ8ĹŠ2 -!(.-#2
Ĺ—ĹŠĹŠĹŠ
I[]‘d 7b[n 8WbbWZWh[i \eje " _dj[dZ[dj[ Z[ Feb_Y‡W" Z‡Wi Wjh|i `kdje Yed lWh_ei cehWZeh[i Z[b i[Yjeh Z[b c[h# YWZe 9ebÂŒd" h[Wb_pÂŒ kd ef[hW# j_le Z[ Yedjheb fWhW l[h_Ă’ YWh o iWdY_edWh W bWi j_[dZWi [d ZedZ[ i[ l[dZ‡W b_Yeh e ĂˆfkheÉ Z[ cWd[hW YbWdZ[ij_dW$ LWh_Wi j_[dZWi Z[ WXWijei \k[hed YbWkikhWZWi feh jWb i_jkWY_ÂŒd" feh be gk[ ^_pe [b bbWcWZe Wb h[ije Z[ Yec[h# Y_Wdj[i fWhW gk[ [l_j[d l_ebWh bW b[o$ Feh ejhe bWZe i[‹WbÂŒ gk[ W eY^e WbYe^ÂŒb_Yei gk[ \k[hed h[Ye]_Zei Z[ bei fWhgk[i Z[ bW Y_kZWZ [d bei ‘bj_ce Z‡Wi" bei jhWibWZWhed W bW <kdZWY_ÂŒd Ăˆ8hWpei Z[ 9h_ijeÉ" fWhW gk[ h[Y_XWd jhWjWc_[dje$
Ä…
Ĺ? Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
ēŊ .-Ŋ#+Ŋ!.+(2#.ĔŊ+ Ŋ / 11.04( Ŋ/."1;Ŋ.1% -(9 1Ŋ#5#-3.2Ŋ ,;2Ŋ2#%41.2ēŊ
,)3 . (Ĺ‹ /(Ĺ‹ )&#- )Ĺ‹ * ,,)+/# &Ĺ‹ 9ed bWi YWdY^Wi gk[ [ij|d kX_YWZWi [d bW fWhj[ feij[h_eh Z[ bW 8Wi‡b_YW Z[ IWdjW HeiW" bei Z_h[Yj_lei Z[ bW @kdjW FW# hhegk_Wb j_[d[d [d c[dj[ bW YedijhkYY_ÂŒd Z[ fWh[Z[i o kdW YkX_[hjW fWhW \ehcWh [b dk[le Yeb_i[e Z[ bW fWhhegk_W" gk[ i[hl_h| fWhW Z[iWhhebbWh [l[djei Whj‡ij_Yei o YkbjkhWb[i Yece fWhj[ Z[ bWi \[ij_l_ZWZ[i gk[ i[ h[Wb_pWd WdkWbc[dj[ o WjhW[d W kd i_dd‘c[he Z[ jk# h_ijWi$ FWhW [b [\[Yje" i[ fh[j[d# Z[ bb[]Wh W kd WYk[hZe Yed [b EX_ife Z[ 7cXWje" =[hc|d FWlÂŒd Fk[dj[" oW gk[ bWi YWdY^Wi [ij|d W decXh[ Z[ bW :_ÂŒY[i_i Z[ 7cXWje" o d[Y[# i_jWd Z[ Wkjeh_pWY_ÂŒd fWhW bW YedijhkYY_ÂŒd$ ÆKdW l[p Y[hhWZe [ij[ [i# fWY_e i[hl_h| fWhW h[Wb_pWh c[]W [l[djei o j[d[h c|i h[Ykhiei [YedÂŒc_Yei Z[ij_# dWZei fWhW eXhWi [d bW fW# hhegk_WÇ" ieijkle" FWjh_Y_e L_bbWY‡i" fh[i_Z[dj[ Z[ bW @kd# jW FWhhegk_Wb Z[ IWdjW HeiW$ BWi Wkjeh_ZWZ[i Z[ [ijW fWhhegk_W Yec[hY_Wb" Wif_# hWd W gk[ bei eX`[j_lei fbWd# j[WZei o bW Xk[dW lebkdjWZ Z[ bWi Wkjeh_ZWZ[i f[hc_jWd Yh_ijWb_pWh bWi eXhWi" gk[ be ‘d_Ye gk[ ^WY[d [i c[`ehWh bWi YedZ_Y_ed[i Z[ l_ZW$ :[ [ijW cWd[hW" bei cehW# Zeh[i Z[ bW fWhhegk_W IWdjW HeiW j[dZh|d W \kjkhe kd [i# fWY_e WZ[YkWZe fWhW bW h[W# b_pWY_ÂŒd Z[ Z_\h[dj[i WYj_l_# ZWZ[i" gk[ j[dZh|d jeZWi bWi i[]kh_ZWZ[i Z[b YWie$ ;ijW fWhhegk_W" gk[ [i kdW Z[ c|i ]hWdZ[i o Z[ cWoeh feXbWY_ÂŒd Z[b YWdjÂŒd 7cXWje" i[ fheo[YjW Yed eXhWi X|i_YWi o [b[c[djWb[i gk[ ied Z[b W]hWZe Z[ jeZei bei cehWZeh[i" Wi‡ Yece Z[ bWi Wkjeh_ZWZ[i$
(. ŋ )- ŋ- ŋ -' , ŋ'6-ŋ *),ŋ # ( -. , 04~Ŋ2#Ŋ#)#!43 -Ŋ . 1 2Ŋ5( +#2ĔŊ"#Ŋ +! -3 1(++ ".Ŋ8Ŋ+ Ŋ 1#,."#+ !(¢-Ŋ"#Ŋ24Ŋ 31 "(!(.- +Ŋ 2~+(! ēŊ
Yed J_iWb[e$ Bei Yeb[Yjeh[i Z[ bWi YWbb[i =edpWb[i Ik|h[p o D[fjWb‡ IWd# Y^e" ied [`[YkjWZei feh bW [d# j_ZWZ fhel_dY_Wb" fehgk[ [ijWi jkX[h‡Wi YebWfiWXWd YedijWdj[# c[dj[ oW gk[ ZWjWd Z[ ^WY[ )& W‹ei Z[ l_ZW ‘j_b$ :[ _]kWb cWd[hW bei jhWXW`ei [d bei Yeb[Yjeh[i gk[ lWd Z[iZ[ LWh_ei ied bei fheo[Yjei [d l_W# [b [ijWZ_e Z[ IWdjW HeiW ^WijW bW b_ZWZ o WbYWdjWh_bbWZe gk[ i[ Wl[d_ZW CWdk[b_jW I|[dp" Wok# ZWh|d fWhW gk[ de [n_ijW [`[YkjWd Wb cec[dje [d bW fheXb[cWi Yed [b WbYWdjW# fWhhegk_W Z[ IWdjW HeiW" ĹŠ h_bbWZe$ Yed bW Ă’ dWb_ZWZ Z[ \WY_b_jWh ĹŠ L_bbWY‡i Z_`e gk[ i[ ^Wd o c[`ehWh bWi YedZ_Y_ed[i ' (3 -3#2ĹŠ3(#-#ĹŠ Z[ l_ZW Z[ bei cehWZeh[i #23 ĹŠ/ 11.04( Ä“ fh[i[djWZe bei [ijkZ_ei W bW =FJ fWhW gk[ i[ Wi\Wbj[ Z[ [ij[ bk]Wh Yec[hY_Wb Z[ bW Wdj_]kW l‡W gk[ YedZk# Jkd]khW^kW$ Y[ ^WY_W [ijW fWhhegk_W :[djhe Z[ bei jhWXW`ei gk[ W‘d [i Z[ f_[ZhW o [d _d\hW[ijhkYjkhW X|i_YW" ĹŠ [b =eX_[hde Fhel_dY_Wb Z[ 3(#-#ĹŠ -3 ĹŠ .2 Ä“ l_[d[ Z[iZ[ [b I[c_dWh_e CWoeh Z[ 7cXWje" W‹WZ_ÂŒ Jkd]khW^kW =FJ " _d# gk[ kdW l[p gk[ j[hc_d[d l_hj_ÂŒ [d eXhWi Z[ WbYWd# bei jhWXW`ei [d bei Yeb[Yje# jWh_bbWZe fWhW bei i[Yjeh[i h[i c[dY_edWZei Yeb[Yje# ;b Gk_dY^[" C_igk_bb‡ o ĹŠ h[i" i[ feZh‡W _d_Y_Wh Yed 8[bbWl_ijW1 WZ[c|i Wi\WbjÂŒ bW YWhh[j[hW Z[iZ[ bW l‡W W #23;-ĹŠ!.-23(34(Äą [ijW eXhW kh][dj[$ ".2Ä“ =kWhWdZW" OWYkbecW ^Wi# jW IWd FWXbe$ 1.8#!3.2ĹŠ!.-ĹŠ#+ĹŠ,4-(!(/(.ĹŠ 9ed [b fh[ikfk[ije Z[ .& 4#5.2ĹŠ/1.8#!3.2 c_b ZÂŒbWh[i gk[ h[Y_X[ bW @kdjW FWjh_Y_e L_bbWY‡i" fh[i_Z[dj[ Z[ FWhhegk_Wb Z[djhe Z[b fh[ik# bW @kdjW FWhhegk_Wb" cWd_\[ijÂŒ fk[ije fWhj_Y_fWj_le Z[b Ckd_Y_# gk[ Z[djhe Z[ bWi dk[lWi fhe# f_e Z[ 7cXWje" i[ gk_[h[ h[Wb_# fk[ijWi" i[ Wif_hW gk[ [b =FJ" pWh bei Whh[]bei d[Y[iWh_ei [d [b ejeh]k[ bW YWfW Wi\|bj_YW Z[iZ[ c[hYWZe Z[b bk]Wh Yed bW Yedi# [b Y[djhe Z[ bW fWhhegk_W ^WijW [b jhkYY_ÂŒd Z[ Zei dWl[i" lWh_ei Wb# YWi[h‡e ;b Gk_dY^[" bk[]e W C_i# cWY[d[i o kd fWj_e Z[ Yec_ZWi$ gk_bb‡ o Ă’ dWbc[dj[ Wb Wd_bbe l_Wb Z[ 9kWjhe ;igk_dWi gk[ i[ kd[ "#!4 !(¢-ĹŠ"#ĹŠ+ ĹŠ 2~+(! ĹŠĹŠ
ĹŠ
ĉĉ
ćĒ ĉĎ
-ĹŠ".2ĹŠ  .2ĹŠ04#ĹŠ ++#5 ĹŠ+ ĹŠ1#,."#+Äą !(¢-ĹŠ"#ĹŠ+ ĹŠ 2~Äą +(! ĔŊ2#ĹŠ' ĹŠ(-5#13Äą (".ĹŠÄˆÄ?ćŊ,(+ĹŠ "¢+ 1#2Ä“
ēŊ Ŋ 2~+(! Ŋ"#Ŋ+ Ŋ (1%#-Ŋ"#Ŋ+ Ŋ +#5 !(¢-Ŋ#2Ŋ#+Ŋ~!.-.Ŋ,;2Ŋ(,/.13 -3#Ŋ "#Ŋ+ Ŋ/ 11.04( Ŋ"#Ŋ -3 Ŋ .2 ēŊ
7b i[h bW XWi‡b_YW Z[ bW L_h][d Z[ bW ;b[lWY_Œd" bW j[hY[hW c|i Wdj_]kW [d bW fhel_dY_W" i[ h[W# b_pWd bWi h[ceZ[bWY_ed[i WZ[# YkWZWi fWhW gk[ [ij[ bk]Wh iWd# je" jWcX_ƒd i[ Yedl_[hjW [d kd WjhWYj_le jkh‡ij_Ye o Wi‡ _cfkbiWh c|i bW [Yedec‡W Z[ IWdjW HeiW$ C[Z_Wdj[ h[kd_ed[i Yed <[h# dWdZe 9Wbb[`Wi" WbYWbZ[ Z[ 7c# XWje" L_bbWY‡i Z_`e gk[ bW `kdjW fWhhegk_Wb ieb_Y_jŒ W bW ckd_Y_# fWb_ZWZ [b Wfehj[ Z[ (& c_b ZŒbW# h[i fWhW YebeYWh c_b c[jhei YkW# ZhWZei Z[ fehY[bWdWje [d [b f_ie" ieb_Y_jkZ gk[ i[h| WdWb_pWZW [d [b i[de Z[b 9edi[`e 9WdjedWb$
ēŊ +Ŋ,.,#-3.ĔŊ#+Ŋ . (#1-.Ŋ 1.5(-!( +Ŋ1# +(9 Ŋ31 ).2Ŋ#-Ŋ#+Ŋ!.+#!Ĺ 3.1Ŋ"#Ŋ+ Ŋ! ++#Ŋ .-9 +#2Ŋ 4;1#9ēŊŊ
)'/(# -Ĺ‹*# (Ĺ‹ ,)'/ 0 (Ĺ‹ '* ˜ -Ĺ‹ ) , -Ĺ‹ Ĺ‹ & (. ,#&& )Ĺ‹ Ĺ‹- !/,# Ĺ‹ #/ ( Ĺ‹ Bei cehWZeh[i Z[ bei i[Yje# h[i ĂˆBWi 9Whc[b_jWiÉ o Ăˆ8Whh_e (&&&É" f[hj[d[Y_[dj[i W IWdjW HeiW" h[gk_[h[d Z[ cWd[hW kh# ][dj[ bW YedijhkYY_ÂŒd Z[ i_ij[# cWi Z[ WbYWdjWh_bbWZe" gk[ c[# `eh[d bWi YedZ_Y_ed[i Z[ l_ZW Z[ bei cehWZeh[i$ =edpWbe 9^_YW_# pW" h[fh[i[djWdj[ Z[b 8Whh_e ĂˆBWi 9Whc[b_jWiÉ" i[‹WbÂŒ gk[ c[Z_Wdj[ ][ij_ÂŒd Z[b (&'&" h[Wb_pWZW feh bei cehWZeh[i Z[ bW Yeckd_ZWZ" i[ Yk[djW Yed bei [ijkZ_ei jƒYd_# Yei o [b j[hh[de fWhW bW YedijhkY# Y_ÂŒd Z[ bW fbWdjW Z[ jhWjWc_[dje Z[b i_ij[cW Z[ WbYWdjWh_bbWZe fWhW [b i[Yjeh$ 9^_YW_pW W]h[]ÂŒ gk[ W jhWlƒi Z[b fh[i_Z[dj[ Z[ bW @kdjW FWhhegk_Wb" Wif_hWd Yh_ijW# b_pWh [ijW eXhW c[Z_Wdj[ bW Ă’ hcW Z[ kd Yedl[d_e Yed [b =eX_[hde Fhel_dY_Wb" ZedZ[ bW Yeckd_ZWZ WfehjWh‡W Yed .& c_b ZÂŒbWh[i fWhW bW [`[YkY_ÂŒd Z[ bei jhWXW`ei$
ÄˆÄ‡ĹŠ  .2ĹŠ'#Äą ,.2ĹŠ#23 ".ĹŠ 1#9 % ".2ĹŠ "#ĹŠ. 1 2ĹŠ8ĹŠ#7(%(Äą ,.2ĹŠ#+ĹŠ /.8.ĹŠ"#ĹŠ + 2ĹŠ 43.1(" "#2Ģē ĹŠ ĔŊ
ĹŠ ĹŠ ĹŠ ĹŠ Ä“
Feh ik fWhj[" Jec|i C_hWdZW" fh[i_Z[dj[ Z[b 8Whh_e (&&&" _d# Z_YÂŒ gk[ jWcX_ƒd Z[i[Wd gk[ i[ ^W]W kdW eXhW i_c_bWh W bW Z[ BWi 9Whc[b_jWi" o fWhW [bbe oW Yk[d# jWd Yed bei [ijkZ_ei d[Y[iWh_ei$ 7]h[]ÂŒ gk[ [b =eX_[hde Fhe# l_dY_Wb j_[d[ [d ik feZ[h bWi [i# Yh_jkhWi o bei [ijkZ_ei jƒYd_Yei Z[b WbYWdjWh_bbWZe" feh be gk[ f_# Z[d W bW Wkjeh_ZWZ Z[b =FJ" Ă’ h# cWh kd Yedl[d_e fWhW [`[YkjWh [ijW eXhW _cfehjWdj[" Z[ _]kWb \ehcW [bbei WfehjWh‡Wd Yed .& c_b ZÂŒbWh[i$
9ed bW Ă’ dWb_ZWZ Z[ fh[l[d_h bei ‡dZ_Y[i Z[b_dYk[dY_Wb[i [d bW fWhhegk_W" bW J[d[dY_W Feb‡# j_YW [d Yed`kdje Yed [b C_d_i# j[h_e F‘Xb_Ye o bW <_iYWb‡W" ^Wd fk[ije [d cWhY^W kdW YWcfW# ‹W Z[ I[]kh_ZWZ 9_kZWZWdW" [d\eYWZW W j[cWi Z[ _dj[hƒi Yece [b cWbjhWje _djhW\Wc_b_Wh" Wi[i_dWjei o WX_][Wje heXe Z[ ]WdWZe $ J‘fWY =kWf_pWYW" j[d_[dj[ feb‡j_Ye" cWd_\[ijÂŒ bW YWcfW‹W i[ h[Wb_pÂŒ [d Y_dYe Yeckd_ZWZ[i _dZ‡][dWi Z[ bW fWhhegk_W$ :[d# jhe Z[ YWZW `eh# ĹŠ dWZW i[ jecW [d ĹŠ Yk[djW [b h[iYW# + .1 -ĹŠ#-ĹŠ+ ĹŠ j[ Z[ bW Ăˆ`kij_Y_W / 11.04( Ä“ _dZ‡][dWÉ" f[he Yed kd [d\egk[ Z[ fkh_Ă’ YWY_ÂŒd" kj_b_pWZe feh bei WdY[ijhei Z[ Z_Y^Wi Yeck# d_ZWZ[i$
ćČ
ÂĄ Ä“ĹŠ ĂŒ/ !ĹŠ 4 /(9 ! ĔŊ #-(#-3#ĹŠ .+~3(!.ĹŠ"#ĹŠ -3 ĹŠ .2 ĔŊ 2# +¢Ŋ04#ĹŠ$ +3 ĹŠ/#12.- +ĹŠ/.+(!( +ĹŠ#-ĹŠ 3." ĹŠ+ ĹŠ9.- Ä“ĹŠĹŠĹŠ
Ĺ? Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ć
)( ,)(Ĺ‹ +/#*)-Ĺ‹ *),.#0)-Ĺ‹
/ #& )-Ĺ‹3Ĺ‹* (-#)(#-. & , ,)(Ĺ‹-/Ĺ‹ (#0 ,- ,#)Ĺ‹ ÂĄ Ä“ĹŠ #-31.ĹŠ"#+ĹŠ !3.ĹŠ#2/#!( +ĹŠ2#ĹŠ/.2#2(.-¢Ŋ8ĹŠ3.,¢Ŋ#+ĹŠ)41 ,#-3.ĹŠ"#ĹŠ1(%.1ĹŠ ĹŠ+ ĹŠ-4#5 ĹŠ"(1#!3(5 ĹŠ"#ĹŠ+.2ĹŠ)4 (+ ".2ĹŠ/ 1 ĹŠ#+ĹŠ/#1~.".ĹŠÄ‰Ä‡ÄˆÄˆÄąÄ‰Ä‡ÄˆÄ‰Ä“ĹŠĹŠ
.2ĹŠ)4 (+ ".2ĹŠ8ĹŠ/#-2(.-(23 2ĹŠ"#ĹŠ+ ĹŠ/1.Äą 5(-!( ĹŠ1#!.-.!(#1.-ĹŠ+ ĹŠ+ .1ĹŠ"#ĹŠ#7ĹŠ"(Äą 1#!3(5.2ĹŠ04#ĹŠ#-%1 -"#!(#1.-ĹŠ +ĹŠ%1#,(.Ä“ BW IeY_[ZWZ Z[ @kX_bWZei o F[d# i_ed_ijWi Z[ Jkd]khW^kW h[Wb_pÂŒ bW i[i_ÂŒd ieb[cd[ Z[ Wd_l[hiWh_e Wb Yedc[cehWh +/ W‹ei Z[ \kd# ZWY_ÂŒd _dij_jkY_edWb" WYj_l_ZWZ gk[ i[ Z[iWhhebbÂŒ [d [b WkZ_jeh_e Z[ ]h[c_e kX_YWZe [d [b [Z_Ă’Y_e Z[b ?dij_jkje ;YkWjeh_Wde Z[ I[# ]kh_ZWZ IeY_Wb ?;II $ FWhW [b [\[Yje" i[ YedjÂŒ Yed bW fh[i[dY_W Z[ ;kbWb_W EY^eW" Z_h[YjehW Z[b
?;II" Yece Z[ bW dk[lW Z_h[Yj_# lW [b[YjW [d Z‡Wi Wdj[h_eh[i gk[ Wikc_h| [b cWdZWje Z[b f[h‡e# Ze (&''#(&'($ 7d_jW Hec[he" c_[cXhe Z[b ]h[c_e" cWd_\[ijŒ gk[ +/ W‹ei de i[ bei Ykcfb[ jeZei bei Z‡Wi" o gk_[d[i f[hj[# d[Y[d W bW eh]Wd_pWY_Œd Z[X[d i[dj_hi[ \[b_Y[i" oW gk[ j_[d[d kdW _dij_jkY_Œd X_[d eh]Wd_pW# ZW Yed h[YedeY_c_[dje `kh‡Z_Ye
(., ! ,)(Ĺ‹ ' . ,# &Ĺ‹* , Ĺ‹Ĺ‹ - ,,)&&)Ĺ‹ v-# )Ĺ‹3Ĺ‹' (. &Ĺ‹
( Ĺ‹(/ 0 Ĺ‹ ,, . , Ĺ‹Ĺ‹ * , Ĺ‹ . . Ĺ‹ FWhW [`[YkjWh [b Wi\WbjWZe Z[ bW l‡W Jkd]W#FeWjk]" Yed kdW bed]_jkZ Z[ eY^e a_bÂŒc[jhei" [b cWhj[i Wdj[h_eh [b =eX_[hde Fhel_dY_Wb Z[ Jkd]khW^kW Ă’h# cÂŒ [b Yedl[d_e Z[ fWhj_Y_fWY_ÂŒd Yed [b Ckd_Y_f_e Z[ FWjWj[" fWhW bW [`[YkY_ÂŒd Z[ [ijW eXhW$ BW [dj_ZWZ fhel_dY_Wb WfehjW# h| Yed (/( c_b ZÂŒbWh[i" WZ[c|i Z[ bW h[ifediWX_b_ZWZ Z_h[YjW Z[ bW [`[YkY_ÂŒd jejWb Z[ bW eXhW" feh be gk[ YedjhWjWh| o Ă’iYWb_pWh| bei jhWXW`ei Z[ WYk[hZe W bei [i# jkZ_ei h[Wb_pWZei$ Feh ik fWhj[" [b Ckd_Y_f_e Z[ FWjWj[" i[ Yecfhec[j[ W Wfeh# jWh Yed bW YWdj_ZWZ Z[ '&. c_b ZÂŒbWh[i" h[Ykhiei gk[ i[h|d
Wdj[ bW ieY_[ZWZ$ 7]h[]ÂŒ gk[ bW f[hi[l[hWdY_W Z[ [n Z_h[Yj_lei" f[di_ed_ijWi o `kX_bWZei" ^W f[hc_j_Ze gk[ bW _dij_jkY_ÂŒd i[W h[YedeY_ZW" h[if[jWZW o iebl[d# j[" i_[cfh[ [d f_[ Z[ bkY^W fWhW Z[\[dZ[h bei Z[h[Y^ei Z[ iki W]h[c_WZei$ :[ _]kWb cWd[hW" =k_bb[hce =kĂľWdj[" \k[ [b [d# YWh]WZe Z[ h[bWjWh bW h[i[‹W ^_i# jÂŒh_YW Z[ bW _dij_jkY_ÂŒd" Z[iZ[ ik Yh[WY_ÂŒd" fh_dY_f_ei" Z[h[Y^ei" Z_h[Yj_lei o f[hiedWb_ZWZ[i gk[ ^Wd WfehjWZe Wb Z[iWhhebbe Z[ bW eh]Wd_pWY_ÂŒd$ 7i_c_ice" Bk_i =[hc|d 9ehjƒp HeXWoe jecÂŒ [b `khWc[dje Z[ h_]eh Z[ bW dk[lW
Ä“ĹŠ #1- -".ĹŠ 1 -).ĹŠ ĸ"ĚĔŊ/1#$#!3.ĹŠ"#ĹŠ 4-%41 '4 Ä”ĹŠÄƒ1, ĹŠ #+ĹŠ!.-5#-(.ĹŠ!.-ĹŠ #" 1".ĹŠ '(+(04Äą (-% ĔŊ +! +"#ĹŠ"#ĹŠ 3 3#Ä“ĹŠ
jhWdi\[h_Zei Z[ cWd[hW _dc[# Z_WjW$ ;b c[`ehWc_[dje Z[ [ijW YWhh[j[hW WbYWdpW kdW _dl[h# i_ÂŒd Z[ *&& c_b ZÂŒbWh[i" o gk[ fhÂŒn_cWc[dj[ i[ Yedl[hj_h| [d kd c[Z_e Z[ Yeckd_YWY_ÂŒd Z[ fh_c[h ehZ[d" fWhW [b jhWibWZe Z[ fheZkYY_ÂŒd ^WY_W bei Y[djhei Z[ Z_ijh_XkY_ÂŒd o Yedikce$
7 bei Zei c_b -.& d_‹ei gk[ h[Y_X[d [ZkYWY_Œd _d_Y_Wb [d bei -/ 9[djhei Z[ ;ZkYWY_Œd ?d_Y_Wb Z[ Jkd]khW^kW" bW :_# h[YY_Œd DWY_edWb Z[ ;ZkYW# Y_Œd ?d_Y_Wb Z[b C_d_ij[h_e Z[ ;ZkYWY_Œd" [djh[]Œ cWj[h_W# b[i fWhW [b Z[iWhhebbe \‡i_Ye o c[djWb Z[ bei [ijkZ_Wdj[i Yed Z_iYWfWY_ZWZ[i$ :[djhe Z[ bei cWj[h_Wb[i Z_Z|Yj_Yei" [ij|d Yedei fb|ij_# Yei" Whei fb|ij_Yei o Z_iYei fbW# o[hei" gk[ Xh_dZWh|d bW efeh# jkd_ZWZ Z[ [iYe][h Z_\[h[dj[i |h[Wi fWhW jhWXW`Wh o cWdj[d[h Wb d_‹e [d YedijWdj[ WYj_l_ZWZ \‡i_YW o [djh[j[d_c_[dje$ BWi c‘bj_fb[i fei_X_b_ZWZ[i gk[ e\h[Y[d bei Z_\[h[dj[i _c# fb[c[djei" ied gk[ bei Wbkc#
4 (+ ".2
4#5 ĹŠ (1#!3(5
ŗ #+2.-Ŋ 11#1 ŊŊŊŊŊŊŊŊŊŊŊŊ 1#2("#-3#Ŋ ŗŊ ~!3.1Ŋ ;1"#- 2ŊŊŊŊŊŊŊŊŊŊ (!#/1#2("#-3#ŊŊ ŗ #+2.-Ŋ ;!#1#2ŊŊŊŊŊŊŊŊŊŊŊŊ #!1#3 1(. ŗŊ _!3.1Ŋ (-4#2 ŊŊŊŊŊŊŊŊŊŊŊŊ #2.1#1.Ŋ Ŋ ~!3.1Ŋ #(-.2.ŊŊŊŊŊŊŊŊŊŊŊŊŊ ~-"(!.Ŋ"#Ŋ+ Ŋ ŗ(-23(34!(¢-Ŋ .! +#2
Ĺ—ĹŠ 13' ĹŠ 1 ,(++. Ĺ—ĹŠ ."1(%.ĹŠ +4!'.ĹŠ (.+ ĹŠ ' !¢-ĹŠĹŠ Ĺ—ĹŠ Ĺ—ĹŠ 1+.2ĹŠ ."1~%4#9ĹŠ Ĺ—ĹŠĹŠ 4(2ĹŠ .1"¢Z_h[Yj_lW fWhW [b f[h‡eZe (&''# (&'( Z[ bW eh]Wd_pWY_ÂŒd$ dei Z[iWhhebb[d bWi Z_l[hiWi ^WX_b_ZWZ[i o Z[ijh[pWi cejehW ]hk[iW" Ă’dW" [gk_b_Xh_e o ejhei $
''+ _dij_jkY_ed[i Z[ [Zk# YWY_ÂŒd [if[Y_Wb W [iYWbW dW# Y_edWb" h[Y_X_h|d _cfb[c[d# jei Z[fehj_lei feh fWhj[ Z[ bei C_d_ij[h_ei Z[ ;ZkYWY_ÂŒd o :[fehj[i" Yed bW Ă’dWb_ZWZ Z[ _dY[dj_lWh W bW WYj_l_ZWZ \‡i_YW o bW fh|Yj_YW Z[b Z[feh# j[ W d_‹ei o WZeb[iY[dj[i Yed Z_iYWfWY_ZWZ$ ;ijW [djh[]W i[ bW h[Wb_pW# h| [d Ykcfb_c_[dje Wb Yed# l[d_e ikiYh_je [djh[ WcXei c_d_ij[h_ei" Z[b YkWb i[ X[# d[Ă’Y_Wh|d '- c_b [ijkZ_Wdj[i gk[ Wi_ij[d W Z_Y^Wi _dij_jk# Y_ed[i$ ;b [gk_fe X|i_Ye Z[ _cfb[# c[djWY_ÂŒd Z[fehj_lW [if[# Y_Wb" Yedj_[d[0 YebY^ed[jWi" `k[]ei Z[ W`[Zh[p" XWbed[i Z[ ]_cdWi_W" XWijed[i Z[ Yebeh[i" \h_iX[[ Z[ Yebeh[i" XWbed[i iedehei" f[bejWi Z[ fb|ij_Ye" Yedei Z[ [djh[dW# c_[djei o ^kbW ^kbW Z[ Yebe# h[i" WfWhWjei gk[ f[hc_j_h|d Z[iWhhebbWh WYj_l_ZWZ[i Z[# fehj_lWi h[Yh[Wj_lWi$ IkiWdW CWjW" ][h[dj[ Z[b Fheo[Yje CeZ[be Z[ ;Zk# YWY_ÂŒd ?dYbki_lW" Z_`e gk[ [b kie Z[ [ij[ cWj[h_Wb f[hc_# j_h| YkXh_h bWi d[Y[i_ZWZ[i X|i_YWi Z[ WZWfjWX_b_ZWZ" cejh_Y_ZWZ o [gk_b_Xh_e Z[ bei d_‹ei o WZeb[iY[dj[i Yed Z_iYWfWY_ZWZ$ ;ijW [djh[]W i[ h[Wb_pWh| Z[ WYk[hZe W kd Yhede]hWcW [ijWXb[Y_Ze ZkhWdj[ bei c[# i[i Z[ cWoe o `kd_e Z[b fh[# i[dj[ W‹e$ Bei d_‹ei Yed Z_iYWfWY_# ZWZ j_[d[d kdW efehjkd_ZWZ Z[ ^WY[h Z[fehj[ o c[`ehWh ik h[dZ_c_[dje _dj[b[YjkWb [d bWi YbWi[i$
9?D;C7HA
§ ć 0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
4-! ĹŠ"(2Äą !43 2ĹŠ!.-ĹŠ 4-ĹŠĹŠ(, _!(+ĹŠ.ĹŠ #23ĂŒ/(".ĔŊ3#ĹŠ' 1;ĹŠ "#2!#-"#1ĹŠ ĹŠ24ĹŠ-(Äą 5#+ĹŠ8ĹŠ ++~ĹŠ3#ĹŠ% - 1;ĹŠ /.1ĹŠĹŠ#7/#1(#-!( Ģē
+Ŋ'., 1#Ŋ /.!.Ŋ!+ 1.Ŋ-.Ŋ /4#"#Ŋ ' !#12#Ŋ(+42(.-#2ėŊ .Ŋ2#Ŋ#-%  Ŋ Ŋ2~Ŋ ,(2,.Ŋ.Ŋ31 3 Ŋ"#Ŋ #-%  1Ŋ Ŋ.31.2Ģē
ÂĄ
1%#-ĹŠ"#ĹŠ#11.1ĹŠ
BW [Ă’ YWY_W Z[ bei Ăˆ[n_j febbÉ i[ fkie W fhk[XW [d [b fheY[ie [b[YjehWb Z[b fWiWZe - Z[ cWoe$ ;b Z[iYedeY_c_[dje ieXh[ bWi fh[]kdjWi" [b Yb_cW Z[ Yed\hedjWY_ÂŒd [d [b fW‡i o bW fWhj_Y_fWY_ÂŒd Z[ kdW iebW [cfh[iW [d bW [dYk[ijW W XeYW Z[ khdW" \k[hed Wb]kdWi Z[ bWi YWkiWi feh bWi gk[ [b i_ij[cW de Z_e Xk[dei h[ikbjWZei" i[]‘d [nf[hjei [d iedZ[ei Z[ ef_d_ÂŒd$ ;b cWh][d Z[ [hheh Z[b '/"+ gk[ Whhe`ÂŒ [b h[ikbjWZe Z[b Ăˆ[n_j febbÉ \h[dj[ Wb Yedj[e h|f_Ze Z[ bei lejei Z[ bW YedikbjW fefkbWh WXh_ÂŒ [b Z[XWj[ ieXh[ bW [Ă’ YWY_W Z[ [ij[ i_ij[cW ZkhWdj[ bei fheY[iei [b[YjehWb[i$ H[fh[i[djWdj[i Z[ bWi [dYk[ijWZehWi [YkWje# h_WdWi gk[ de fWhj_Y_fWhed [d [b fheY[ie" Wi[]khWd gk[ [d [ijkZ_ei fh[l_ei i[ Z[j[hc_dÂŒ gk[ bW Yecfb[`_ZWZ Z[ bWi fh[# ]kdjWi de Wk]khWXW Xk[dei h[ikbjWZei fWhW bW h[Wb_pWY_ÂŒd Z[ [iW [dYk[ijW W XeYW Z[ khdW" f[i[ W [bbe bW [cfh[iW Z[ IWdj_W]e Fƒh[p WY[fjÂŒ [b YedjhWje Yed [b YWdWb =WcWJl _dYWkjWZe feh [b =eX_[hde Z[iZ[ (&&. $ ;d bW [dYk[ijWZehW ?d\ehc[ 9edĂ’ Z[dY_Wb i[ jecWhed [d Yk[djW Wb]kdWi lWh_WXb[i fWhW Z[Y_Z_h de fWhj_Y_fWh [d kdW [dYk[ijW W XeYW Z[ khdW$ Ik Z_h[Yjeh" IWdj_W]e D_[je" [nfb_YÂŒ gk[ [d kdW _dl[ij_# ]WY_ÂŒd fh[l_W i[ Z[j[hc_dÂŒ gk[ feh be c[dei [d bWi Y_dYe fh_c[hWi fh[]kdjWi" bWi f[h# iedWi de [dj[dZ‡Wd Z[ be gk[ i[ jhWjWXW o feh be jWdje de fWhj_Y_fÂŒ WYj_lWc[dj[$ O W]h[]ÂŒ gk[ kde Z[ bei [hheh[i gk[ i[ [l_Z[dY_ÂŒ [d [b Ăˆ[n_j febbÉ Ă„h[YedeY_Ze feh [b c_ice Fƒh[p#" [i gk[ fWhW bW h[Yeb[YY_ÂŒd Z[ ZWjei de i[ kj_b_pÂŒ kdW fWf[b[jW [b[YjehWb i_c_bWh W bW h[Wb$ ÆBW ][dj[" Wb]e gk[ i[ f[diÂŒ _XW W fWiWh fehgk[ i[ l_e [d bWi _dl[ij_]W# Y_ed[i fh[l_Wi" gk[ lejWXW [d fbWdY^W feh [b i‡ e feh [b de" Wb cec[dje Z[ i[h [djh[l_ijWZW oW Z[ifkƒi jhWjWXW Z[ Z[Y_h gk[ de ^_pe [ieÇ$ .-3#!1(23(ĹŠ (5# ĹŠ ĹŠ ĹŠ Ä– ! 13 2 +"(1#!3.1Äž+ '.1 Ä“!.,Ä“#! 2(++ ĹŠÄˆÄ?ĈÄ?Ä‰ÄŒÄŠĹŠ ĹŠ.ĹŠ!4 +04(#1 ĹŠ "#ĹŠ-4#231 2ĹŠ %#-!( 2Ä“ #04(2(3.2Ä–ĹŠ ., 1#2ĹŠ8ĹŠ /#++(".2ĹŠ!.,/+#3.2Ä—ĹŠ-ĂŒ,#Äą 1.ĹŠ"#ĹŠ _"4+ Ä—ĹŠ3#+_$.-.ĹŠÄ¸ÄƒĹŠ).ĚėŊ"(1#!!(¢-ĹŠ".,(!(+( 1( ĹŠ .ĹŠ"#ĹŠ31 ).ĹŠ8ĹŠ!.11#.ĹŠ#+#!31¢-(!.Ä“
Ĺ‹Ĺ‹ Ĺ‹Ĺ‹ Ĺ‹Ĺ‹ Ĺ‹Ĺ‹ Ĺ‹Ĺ‹
FWhW [b fh[i_Z[dj[ 9ehh[W Æ[b fW‡i de [ij| Z_l_Z_# Ze" bW ][dj[ j_[d[ YbWhe [d bWi YWbb[i Z[ gk[ [ije \k[ kdW l_Yjeh_W YedjkdZ[dj[ Z[b ĂˆI‡É" h[if[jW# cei W bei gk[ lejWhed ĂˆDeÉÇ$ Be Z_`e [d kdW hk[ZW Z[ fh[diW Z[ bW gk[ ZWd Yk[djW bWi W][dY_Wi _dj[hdWY_edWb[i o Wb]kdei c[Z_ei beYWb[i$ BW W\_hcWY_ÂŒd" [d [b Yedj[nje gk[ l_l_cei" ik[dW [nj[cfeh|d[W l_d_[dZe Z[ gk_[d l_[d[$ Kdei i_cfb[i Y|bYkbei cWj[c|j_Yei _dZ_YWd be YedjhWh_e$ BW Z_l_i_ÂŒd Yec[dpÂŒ Yed bW [nW# Y[hXWY_ÂŒd Z[b eZ_e Z[ YbWi[i Z[iZ[ [b Yec_[dpe Z[b Yehh[‡ice o i[ ^W W^edZWZe [d [ijei YkWjhe W‹ei$ >Wo WXkdZWdj[i j[ij_ced_ei ]h|\_Yei o [d l_Z[e Z[ _dikbjei" WfeZei ^kc_bbWdj[i" cWd_# fkbWY_ÂŒd Z[ X_e]hW\‡Wi Z[ WZl[hiWh_ei" ]ebf[i XW`ei" ÂŒhZ[d[i Z[ Z[j[dY_ÂŒd" iWhYWicei WX[# hhWdj[i e [nfh[i_ed[i _d`kijWi$ E`Wb| i[ WXWd# Zed[ [i[ d[\Wije fheY[Z[h$
ĹŠ
)(- $) ') ,6.# )-
KdW l[p gk[ fWkbWj_dWc[dj[ iW# b[d W bW bkp bei h[ikbjWZei Z[ bW YedikbjW fefkbWh" Yedi_Z[he gk[ jeZei bei [YkWjeh_Wdei" Z[ \eh# cW i[h[dW" fWjh_ÂŒj_YW o eX`[j_lW" Z[X[cei _d_Y_Wh kd [`[hY_Y_e Z[ h[Ă“ [n_ÂŒd o l_]_bWdY_W" fk[i c|i Wbb| Z[b h[ikbjWZe i[ WZl_[hj[ bW fh[i[dY_W Z[ Zei j[dZ[dY_Wi de d[Y[iWh_Wc[dj[ Yedl[h][dj[i$ BW h[Wb_ZWZ [i gk[ bW Z[ce# YhWY_W [ij| [d `k[]e" fk[i [b YW# c_de gk[ Z[X[h‡W i[]k_hi[ [i bW Wfb_YWY_ÂŒd _hh[ijh_YjW Z[ bWi h[# ]bWi Wi‡ Yece [b \kdY_edWc_[dje fhkZ[dj[ Z[ bWi _dij_jkY_ed[i" fWhW [bbe kh][ kdW W][dZW dWY_e#
7 c[Z_WZei Z[ bW ZƒYWZW Z[b i[i[djW Z[b i_]be fWiWZe" 9^[ =k[lWhW Z[ijWYÂŒ ik _cfehjWdY_W0 Æ;b eZ_e Yece \WYjeh Z[ bkY^W" [b eZ_e _djhWd# i_][dj[ Wb [d[c_]e" gk[ _cfkbiW c|i Wbb| Z[ bWi b_c_jWY_ed[i dWjkhWb[i Wb i[h ^kcWde o be Yedl_[hj[ [d kdW [\_YWp" l_eb[djW" i[b[Yj_lW o \h‡W c|gk_dW Z[ cWjWhÇ$ E`Wb| gk[ de bb[]k[cei W [i[ [njh[ce$ Gk_p|i bei h[ikbjWZei Z[ bW YedikbjW fefkbWh WokZWh‡Wd W f[diWh Wb Fh[i_Z[dj[ o Wb ÆYe]ebb_# jeÇ Z[ iki i[hl_Zeh[i c|i \_[b[i gk[" [d [\[Yje" bW ieY_[ZWZ [YkWjeh_WdW [ij| Z_l_Z_ZW o gk[ [i d[Y[iWh_e Yedi[dikWh bW kd_ZWZ [d jehde W eX`[# j_lei dWY_edWb[i W Yehje" c[Z_Wde o bWh]e fbWpei$ BW Z_l_i_ÂŒd W\[YjÂŒ ikijWdY_Wbc[dj[ Wb ;YkWZeh Z[b i_]be N?N h ^_pe gk[ f[hZ_ƒhWcei fWhj[ Z[b j[hh_jeh_e [d '/*'$ E`Wb| gk[ bW ^_ijeh_W de i[ h[f_jW$
dWb o kd fheY[ie ZedZ[ bW Z_Wjh_# XW o bW fh[fej[dY_W i[ Yedl_[hjWd [d Z_|be]e o Z[XWj[ f[hcWd[dj[ WZ[h[pWZei Yed ][d[hei_ZWZ o h[ifediWX_b_ZWZ Z[ceYh|j_YWi$ Be fh_c[he gk[ i[ d[Y[i_jW [i [b h[ikbjWZe Ă’ dWb" fk[i de YWX[ ][d[hWh ZkZW Wb]kdW ieXh[ bW b[# ]_j_c_ZWZ o jhWdifWh[dY_W Z[ bei Yec_Y_ei" YWie YedjhWh_e" [ijWh‡W# cei _dWk]khWdZe kd dk[le [i# fWY_e Z[ Yed\hedjWY_ÂŒd e gk_p|i Z[ Wkc[dje Z[ feZ[h$ :[ifkƒi [b fW‡i h[gk_[h[ Z[ kd Yedjheb Y_kZWZWde" Yecf[# j[dj[ o Z[i_dj[h[iWZe" ieXh[ bW Wfb_YWY_ÂŒd Ye^[h[dj[" jƒYd_YW o WYehZ[ Yed dk[ijhW h[Wb_ZWZ" Z[ jeZei o YWZW kde Z[ bei YWcX_ei fhefk[ijei fWhW h[\ehcWh bW WZ# c_d_ijhWY_ÂŒd Z[ `kij_Y_W$ ;if[he gk[ [b l_[`e o jh_bbWZe Z_iYkhie ÆZ[ bei c[`eh[iÇ Z[i# WfWh[pYW o i[ be h[[cfbWY[ feh bW d[Y[i_ZWZ Z[ fhe\[i_edWb[i fheXei" ƒj_Yei [ _dZ[f[dZ_[dj[i" c|i W‘d o Yece ckY^Wi l[Y[i be
^[ Z[\[dZ_Ze Wdj[i" bWi WYj_l_ZW# Z[i [d bW \kdY_ÂŒd `kZ_Y_Wb Wkdgk[ Z[cehWZWi" W l[Y[i [gk_leYWZWi e Z_h_]_ZWi" Wb Ă’ dWb Z[b YWc_de i_[cfh[ fh[i[djWd Wbj[hdWj_lWi" Wkdgk[ de jeZWi Z[ YWb_ZWZ$ BW# c[djWXb[c[dj[ de fk[Ze Z[Y_h be c_ice Z[ lWh_Wi Z[f[dZ[d# Y_Wi Z[ bW WZc_d_ijhWY_ÂŒd f‘Xb_# YW" ZedZ[ [n_ij[ WhX_jhWh_[ZWZ o ikX`[j_l_ice [njh[ce [d bk]Wh Z[ kdW Wfb_YWY_ÂŒd Z[ bW Yedij_jk# Y_ÂŒd ]WhWdj_ijW$ JWcfeYe [i cec[dje Z[ i[# Y[i_ed[i e Z_l_i_ed[i _dj[ij_dWi" fk[i feZh‡W ][d[hWh kdW ebW Z[ l_eb[dY_W feb‡j_YW gk[ Wj[djWh‡W YedjhW bW fWp Y_kZWZWdW" feh [ie de ebl_Z[cei gk[ bW `kij_Y_W Yedi_ij[ [d [ijWXb[Y[h [b ehZ[d Z[X_Ze [djh[ bWi Z_\[h[dj[i fWh# j[i Z[ bW ieY_[ZWZ o fWhW [bbe je# Zei Z[X[cei Yedjh_Xk_h" ieXh[ jeZe" [b ]eX[hdWdj[ gk[ j[dZh| gk[ ZWh ck[ijhWi Z[ cWZkh[p o cW]dWd_c_ZWZ$ )5(-3(,(++ Äž+ '.1 Ä“!.,Ä“#!
ÂĄ ĹŠ ĹŠ
& ,. Ĺ‹ /,)* :[iZ[ ^WY[ feYe c|i Z[ Zei W‹ei" bW h[[ijhkYjkhWY_ÂŒd [khef[W Z[b [`[hY_Y_e [ijWjWb i[ ^W Yedl[h# j_Ze [d bW fh_dY_fWb Yedl[h][dY_W ieXh[ [b fheY[ie feb‡j_Ye#[YedÂŒc_# Ye gk[ [d\h[djWd fW‡i[i [khef[ei" [djh[ bei gk[ =h[Y_W ^W Z[ fh[eYk# fWh Wb 7bje 9ec_i_edWZe ;khef[e$ BW WZc_d_ijhWY_ÂŒd feb‡j_YW Z[ [ij[ fW‡i ^W Yedbb[lWZe gk[ ik Z[kZW [nj[hdW ieXh[fWi[ ik FheZkYje ?dj[hde 8hkje" Yed kd ',& 1 be gk[ WZl_[hj[ kdW fheXb[c|j_YW [ijhkY# jkhWb _dieibWoWXb[ W kdW jecW Z[ Z[Y_i_ed[i kh][dj[$ ÂľI[h| WYWie gk[ =h[Y_W l_l_h| [b c_ice YWie gk[ BWj_deWcƒh_YW5 F[deiWc[dj[ [d bW cWoeh‡W Z[ YWiei" bW [Yedec‡W i[ cWd[`W W Z_[ijhW Z[ bWi d[Y[i_# ZWZ[i ]kX[hdWc[djWb[i0 YWZW i[dZ[he fWhW YWZW fWie" o Z[ Wbb‡ bWi Yed\WXkbWY_ed[i Z[ceYh|j_YWi o ][efeb‡j_YWi$ >WY[ feYe b[‡ [d kdW h[l_ijW _dj[hdWY_edWb gk[" bWi _dj[dY_ed[i Z[ bW Kd_ÂŒd ;khef[W ied" Z[ WYk[hZe W ik YWhjW Yedij_# jkj_lW" Z[ iefehj[ o Wkn_b_e" W iWX[h gk[ i_ kd ÂŒh]Wde i[ Z[i[d\eYW" ƒij[ Z[i[d\eYWh| Wb ][dej_fe [d ik jejWb_ZWZ$ F[he" ÂľYÂŒce WokZe W c_ l[Y_de YkWdZe de j_[d[ h[djW5 ÂľB[ h[]Wbe Z_d[he e i[ be fh[ije5 I_ Yed# jhWijWcei bW i_jkWY_ÂŒd [khef[W Z[ bW bWj_deWc[h_YWdW Z[ bei W‹ei .&" l[cei gk[ bWi Yed[n_ed[i ied cko Y[hYWdWi [djh[i [ijei Xbegk[i" feh bWi d[]Wj_l_ZWZ[i Z[ iki XWbWdpWi Yec[hY_Wb[i o ik F?8" W c|i Z[ ejhei _dZ_YWZeh[i [YedÂŒc_Yei$ ;i feh [bbe gk[" jWdje [b fbWd 8hWZo Yece 8Wa[h" i[ fbWdj[Wd Yece iebkY_ed[i W bWh]e fbWpe$ I_d [cXWh]e" [i l_jWb WdWb_pWh bW [ijhkYjkhW ieY_e[YedÂŒ# c_YW Z[ =h[Y_W" fk[i ^WXh[cei Z[ [dj[dZ[h gk[ ;YkWZeh de [i _]kWb W kd fW‡i [khef[e$ De eXijWdj[" [b fheY[ie Z[ h[[ijhkYjkhWY_ÂŒd de [i [b ‘d_Ye" fk[i =h[Y_W feZh‡W efjWh feh [b Z[\Wkbj" Yece be ^_pe Cƒn_Ye [d bei .&Éi" YkWdZe Z[YbWhÂŒ Wb ckdZe de feZ[h fW]Wh ik Z[kZW [nj[hdW$ I[ [if[hW gk[ =h[Y_W de jec[ [ijW l‡W" fk[i Z[i[ijWX_b_pWh‡W W bW K;$ 9h[e [d be f[hiedWb gk[" i[ Z[X[ XkiYWh kdW efY_ÂŒd Z[ _Z[dj_\_YW# Y_ÂŒd Z[b fheXb[cW o Z[ Z[\_d_Y_ÂŒd ikij[djWXb[ W bWh]e fbWpe$ 7^ehW" jeYW YkXh_h d[Y[i_ZWZ[i c[Z_|j_YWi o fheo[YjWhi[$ ÂľKij[Z gkƒ Yh[[5
1#2("#-3#ĹŠ !(.- + ĹŠ ĹŠ } (1#!3.1 ĹŠ ĹŠ
"(3.1 ĹŠ #-#1 +
ĹŠ ÂĄ ĹŠ "(3.1ĹŠ #%(.- + ĹŠ "(#/.! ĹŠ Ä“ Ä“ (1#!!(¢-Ä–ĹŠ 4(3.ĹŠÄ‡Ä‰ÄąÄŒÄŽĹŠ#-31#ĹŠ .! $4#13#ĹŠ8ĹŠ .+~5 1 #+_$.-.2Ä–ĹŠĹŠÄ‰ÄŒÄ‰ÄąÄˆÄ?ÄŠÄ‡ĹŠÄľĹŠÄ‰ÄŒÄ‰ÄąÄˆÄ?ÄŠÄˆĹŠÄľ Ä‰ÄŒÄ‰ÄąÄ‰ÄŒÄ‡Ä’ĹŠÄľĹŠÄ‰ÄŒÄ‰ÄąÄ‡ÄŽÄ‰Ä’ĹŠÄľĹŠÄ‰ÄŒÄ‰Ä‡ÄˆÄ’Ä? 7Ä–ĹŠĹŠÄ‰ÄŒÄ‰ÄąÄ‡ÄˆÄ’Ä? 4 +(!(" "Ä–ĹŠÄ‰ÄŒÄ‰Ä‡ÄˆÄ‘ÄŒ 42!1(/!(.-#2Ä–ĹŠÄ‰ÄŒÄ‰ÄąÄˆÄ?ÄŠÄ‡ĹŠÄľĹŠÄ‰ÄŒÄ‰ÄąÄˆÄ?ÄŠÄˆĹŠ , (+Ä–ĹŠ , 3.Äž+ '.1 Ä“!.,Ä“#!  .Ä–ĹŠ ĹŠ .Ä“ĹŠÄ?ÄŠÄ’Ä?
666ē+ '.1 ē!.,ē#! 2Ŋ3 Ŋ2#!Ŋ!(¢-Ŋ1#Ŋ/1#Ŋ2#-Ŋ3 Ŋ#+Ŋ/#-Ĺ2 Ŋ,(#-Ŋ3.Ŋ"#Ŋ+.2Ŋ#"(Ŋ3.Ŋ1#2ēŊ .2Ŋ#2!1(Ŋ3.2Ŋ "#Ŋ+.2Ŋ!.Ŋ+ Ŋ .Ŋ1 Ŋ".Ŋ1#2Ŋ2.Ŋ+.Ŋ!.,Ŋ/1.Ŋ,#Ŋ3#-Ŋ Ŋ242Ŋ 4Ŋ3.Ŋ1#2Ŋ8Ŋ-.ŊŊ1#ŊĄŊ#Ŋ) -Ŋ -#Ŋ!#Ŋ2 Ŋ1( Ŋ,#-Ŋ3#Ŋ#+Ŋ/#-Ŋ2 Ĺ,(#-Ŋ3.Ŋ"#+Ŋ/#Ŋ1(¢Ŋ"(Ŋ!.ē
.!'#ĹŠ"#ĹŠ!4,/+# Â #1.2
)3Ĺ‹ Ĺ‹* ,.#,Ĺ‹ Ĺ‹& -ŋßÝĆúúŋ& Ĺ‹ ,, Ĺ‹ Ĺ‹ -. Ĺ‹() " Ĺ‹ (Ĺ‹ * Ĺ‹ -Ĺ‹ * , Ĺ‹&)-Ĺ‹ /'*& ˜ ,)-Ä…Ĺ‹ &&)-Ĺ‹ #(!, - (Ĺ‹!, .#-Ĺ‹ )(Ĺ‹& Ĺ‹ )'* ˜v Ĺ‹ ŋÝúŋ '#!)-Ĺ‹3Ĺ‹*, - (. ( )Ĺ‹ Z /& Ä„Ĺ‹Ĺ‹ )&v0 ,Ĺ‹3Ĺ‹ /#.)Ä…Ĺ‹ #Ă°Äš #)Ĺ‹ #( # .)Ĺ‹ Ĺ‹ ") , -Ä„Ĺ‹
-3#-2 ĹŠ$ 11
)3Ĺ‹ /&&Ĺ‹ ))(Ĺ‹ 23Ĺ‹ #!".Ĺ‹ (Ĺ‹Ä’ Ĺ‹ /Ä“Ĺ‹ ,Ĺ‹ (Ĺ‹& Ĺ‹ 0 (# Ĺ‹
)-Ĺ‹ " -+/#-Ĺ‹3Ĺ‹ v)Ĺ‹ ( 3 /Ä…Ĺ‹ Ĺ‹/( Ĺ‹ / , Ĺ‹ Ĺ‹& Ĺ‹ (#0 ,-# Ĺ‹ Z (# Ĺ‹ Ĺ‹ ' .)Ĺ‹ (Ĺ‹ / "#Ä„Ĺ‹ )Ĺ‹. Ĺ‹*# , -Ĺ‹/( Ĺ‹ Ĺ‹&-Ĺ‹' $), -Ĺ‹ ,, -Ĺ‹ Ĺ‹ -. Ĺ‹Ă°(Ĺ‹ Ĺ‹- ' ( Ä„Ĺ‹
1.,ĹŠ/ 138
-. ŋ() " ŋ&)-ŋ -./ # (. -ŋ &ŋ )& !#)ŋ (),ŋ ( ) 'Z,# ŋ #- ,/. ,6(ŋ ŋ-/ŋ #& ŋ ŋ! & ŋ (ŋ (ŋ # &)ąŋ/ # ŋ &ŋ& )ŋ ŋ& ŋ /#(. ŋ " ,& -.)(!Ąŋ (# # ŋ ŋ& -ŋßÝĆúúŋ3ŋ" ,6ŋ"), ŋ &) ŋ3ŋ /&&ŋ-),*, - -Ąŋ
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?Ä ÄƒĹ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
1/#142ĔŊ3 +#-3. "#ĹŠ#7/.13 !(¢ 23.2ĹŠ! 1(2,;3(!.2ĹŠ 13(23 2ĹŠ2#ĹŠ/ 2# -ĹŠ /.1ĹŠ3.".ĹŠ#+ĹŠ !4 ".1ĹŠ#-ĹŠ 42! ĹŠ"#ĹŠ!.-Äą 04(23 2ĹŠ8ĹŠ+.%1.2Ä“ĹŠ 4ĹŠ3 +#-3.ĹŠ,42(! +ĹŠ2#ĹŠ "#23 ! ĹŠ8ĹŠ++#- ĹŠ+.2ĹŠ"(23(-3.2ĹŠ#2!#- 1(.2Ä“ :[ifkƒi Z[ kd W‹e Z[ jhWXW`e [b =hkfe 7hf[hki fed[ W Yed# i_Z[hWY_ÂŒd Z[ gk_[d[i ]kijWd Z[ bW c‘i_YW WdZ_dW" ik gk_djW fheZkYY_ÂŒd YZ]h|\_YW bbWcWZW Ăˆ:ÂŒdZ[ [ijWh|iÉ" o [ij|d h[ifWb# ZWZei feh ?dj[hfh[jWjfY$ ;d [ij[ cWj[h_Wb Ăˆ7hf[hkiÉ" h_dZ[ kd ^ec[dW`[ W be c[`eh
Z[b \ebYbeh bWj_deWc[h_YWde" h[Ye# ]_[dZe j[cWi Z[ lWh_ei fW‡i[i Z[ bW h[]_ÂŒd$ 9ed Z_[p j[cWi" Y_dYe Z[ [bbei Z[ ik fhef_W _dif_hWY_ÂŒd" [b ]hkfe gk_[h[ Z[ceijhWh bW cW# Zkh[p eXj[d_ZW [d '* W‹ei Z[ l_ZW fhe\[i_edWb$ ;b j[cW fheceY_edWb Z[b c_i# ce decXh[ Ăˆ:ÂŒdZ[ [ijWh|iÉ [i kd
Y^kdjkda_ Xeb_l_Wde" gk[ Yed bei Whh[]bei Z[b ]hkfe i[ ^W Yedl[h# j_Ze [d kdW ZkbY[ XWbWZW WdZ_dW" gk[ i[]khWc[dj[ ]kijWh| Wb jeZe [b ;YkWZeh$ 1 8#!3.1( ĹŠ
7hf[hki dWY_Œ [d \[Xh[he Z[ '//-" [d bWi WkbWi Z[b 9eb[]_e IWd L_Y[dj[ Z[ FW‘b Z[ 9edeYeje" [d ZedZ[ \k[hed YecfW‹[hei lW# h_ei Z[ iki c_[cXhei$ =hWY_Wi W ik fhefk[ijW ck# i_YWb gk[ \ki_edW _dijhkc[djei WdZ_dei Yece gk[dWi" pWcfe# ‹Wi o Y^WhWd]ei1 Yed _dijhk# c[djei ceZ[hdei Yece [b XW`e"
bW XWj[h‡W o iWne\ÂŒd1 [b ]hkfe ^W fWi[WZe ik Whj[" de iebe feh [b ;YkWZeh" i_de jWcX_ƒd feh Z_l[hiei fW‡i[i Z[b Yedj_d[dj[ o [b ckdZe$ 8eb_l_W" 9ebecX_W" ;ijWZei Kd_Zei o ;khefW ied bei fW‡i[i [d bei gk[ i[ ^Wd fh[i[djWZe o eXjkl_[hed ]hWd WYe]_ZW$ 7Z[# c|i" YecfWhj_[hed [b [iY[dWh_e Yed Whj_ijWi Z[ bW jWbbW Z[ bW Z[i# WfWh[Y_ZW C[hY[Z[i IeiW" bei Y^_b[dei ?bbWfk" ?dj_bb_cWd_ o Gk_bWfWo‘d" Z[ 8eb_l_W JkfWo" A`WhaWi" CWoW 7dZ_dW" Fhe# o[YY_ÂŒd o IWl_W Dk[lW" [djh[ ejhei$ Bei _dj[]hWdj[i fei[[d kdW \ehcWY_ÂŒd WYWZƒc_YW gk[ WlW# bW ik fhefk[ijW" W c|i Z[ _djƒh# fh[j[i ied Yecfei_jeh[i o Whh[# ]b_ijWi Z[ lWh_ei Z[ bei j[cWi gk[ _dYbko[d [d ik h[f[hjeh_e" Yedl_hj_ƒdZebei [d kde Z[ bei ]hkfei \Wleh_jei Z[b f‘Xb_Ye [YkWjeh_Wde$ Ik l[hi_ÂŒd Z[b j[cW Ăˆ9Wh_‹_# jeÉ [i kde Z[ bei c|i Wfh[Y_WZei [d [b fW‡i" W bW gk[ i[ ikcWd Ăˆ:ƒ`Wc[ [djhWhÉ" Ăˆ;d [b `WhZ‡dÉ" ĂˆBW fk[hjW [ij| WX_[hjWÉ o [b iWd# `kWd_je ĂˆL[hZ[ ;YkWZehÉ$ ;b ]hkfe WhhWdYW kdW ]_hW fheceY_edWb feh jeZe [b ;YkW# Zeh fWhW fh[i[djWh [ij[ dk[le fheo[Yje cki_YWb$ FWhW cWoeh[i _d\ehc[i bbW# cWh W bei j[bƒ\edei &(( () ,- .+ e &.* /.& '/,$ ;bbei [ij|d Z_ifk[ijei W l_i_jWh YkWbgk_[h bk]Wh Z[b ;YkWZeh$
 - ĹŠ! -3 -ĹŠ ĹŠ+ 2ĹŠÄĽ, ,(3 2ÄŚ 7cWdZW C_]k[b o :_[]e L[h# ZW]k[h" Zei Whj_ijWi Wh][dj_dei" bb[]Wd Wb ;YkWZeh [nYbki_lWc[d# j[ fWhW YWdjWhb[ W bWi ĂˆH[_dWi Z[b ^e]WhÉ feh ik c[i [if[Y_Wb$ ;b 9eb_i[e 9kX_[hje Z[ :[# fehj[i Z[ 7cXWje [i [b [iY[# dWh_e ZedZ[ i[ YecfWhj_h|d ]hWjei cec[djei jWcX_ƒd Yed Whj_ijWi h[YedeY_Zei Yece0 >_# fWj_W Be`W" c|i YedeY_ZW Yece 7dW =WXh_[b [YkWjeh_WdW" o [b hec|dj_Ye @_dief$ ;b [l[dje _d_Y_Wh| W bWi (&0&& o fhec[j[ ZkhWh lWh_Wi ^ehWi Z[ YWdje o h[Yk[hZei$ BWi [djhWZWi [ij|d W bW l[djW [d Cki_Y 9[dj[h [d bW YWbb[ BW#
bWcW o 9[lWbbei" o [d bW 9^eYe 9W\[j[h‡W" [d bW YWbb[ 8eb‡lWh o <hWdY_iYe <beh$ BWi [djhWZWi W i_bbWi j_[d[d kd Yeije Z[ (+ ZÂŒbWh[i" W fh[\[# h[dY_W '+ o fWhW ][d[hWb ]hWZ[# h‡e Wbje dk[l[ ZÂŒbWh[i$ C_ Xk[d YehWpÂŒd" >W]W# cei kd jhWje" ;b F[YWZe" xb c[ c_dj_ÂŒ" 7i‡ de j[ WcWh| `Wc|i" 9ece kd j‡j[h[" ;b ]Wje o oe" :k[dZ[" De c[ lWi W ebl_ZWh" Ă›cWc[ kdW l[p c|i" 7 c_ Wc_]W" Oe f[iYWZeh Z[ Wceh" FWhj_hƒ [d kdW l_[`W XWhYW" ied iebe Wb]kdWi Z[ bWi YWdY_ed[i gk[ cW‹WdW feh bW deY^[ i[ YWdjWh|d W l_lW lep$
Ĉ
Ä“ĹŠ 42ĹŠ"#2#.2ĹŠ2#ĹŠ'(!(#1.-ĹŠ1#Äą +(" "ĹŠ8ĹŠ24ĹŠ#2/#2 ĹŠ 1 ĹŠ8 ĹŠ-.ĹŠ#23;Ä“ĹŠ
#ĹŠ $#(3¢Ŋ /.1ĹŠ 2 , ĹŠ JhWi bei Wj[djWZei Z[b '' Z[ i[fj_[cXh[ Z[ (&&'" =Who M[ZZb[" fhe\[ieh Z[ *, W‹ei" fhel[d_[dj[ Z[ MWi^_d]jed" gk[ZÂŒ jWd W\[YjWZe feh bW jhW# ][Z_W" gk[ ebl_ZÂŒ feh Yecfb[je W\[_jWhi[$ KdW i[cWdW c|i jWh# Z[" Z[Y_Z_ÂŒ gk[ de i[ hWikhWh‡W ^WijW gk[ [b b‡Z[h j[hheh_ijW Z[ bW h[Z 7b GW[ZW" EiWcW 8_d BWZ[d" \k[i[ WjhWfWZe$ 9_dYe W‹ei Z[ifkƒi j[d‡W kdW XWhXW Z[ c|i Z[ *& Y[dj‡# c[jhei gk[ Yec[dpÂŒ W bb[dWhi[ Z[ YWdWi$ 9kWdZe i[ [dj[hÂŒ Z[ bW dej_# Y_W gk[ 8_d BWZ[d \k[ WXWj_Ze" Ykcfb_ÂŒ ik fhec[iW$
ēŊ 2Ŋ, -.2Ŋ"#Ŋ#23#Ŋ '., 1#Ŋ2.-Ŋ4-Ŋ$#-¢,#-.ēŊ
#+(-!4#-3# ! #ĹŠ/.1ĹŠ242 1 1 2ĹŠ, -.2
Ä“ĹŠ , -" ĹŠ (%4#+ĹŠ8ĹŠ (#%.ĹŠ #1" %4#1ĹŠ3(#-#-ĹŠ4- ĹŠ5 +(.2 ĹŠ31 8#!3.1( Ä“ĹŠ
FWhW cWbW ik[hj[ Z[b Wdj_ie# Y_Wb" bW feb_Y‡W be [dYedjhŒ feh j[d[h '( Z[Zei o de '& Yece jeZei bei Z[c|i$ BW feb_Y‡W Z[ IWdjW 9WjW# h_dW [d ;ijWZei Kd_Zei Z_`e gk[ fh[i[djWXW bW YƒZkbW Z[ ik ^[hcWde o fWiWXW Z[iWf[hY_# X_Ze" f[he iki hWhWi cWdei de fkZ_[hed eYkbjWhi[$
ĉ
Ĺ? Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
)' ( $ Ĺ‹ Ĺ‹& Ĺ‹' , (Ĺ‹ &#& ) BW leYWY_ÂŒd Wb i[hl_Y_e ie# Y_Wb o [b Yecfhec_ie Yed ik Y_kZWZ ^WY[d gk[ [b YehWpÂŒd ieb_ZWh_e Z[ CWYWh[dW HWcei" h[_dW Z[ F[b_b[e" i[W c|i ]hWd# Z[ o XedZWZeie fWhW h[dZ_h kd ^ec[dW`[ Wb i[h c|i ikXb_# c[ Z[ bW j_[hhW" bW cWZh[$ Feh [bbe" bW ieX[hWdW Z[ bW Ăˆ9k_ZWZ 7pkbÉ [d Wfeoe Z[b WbYWbZ[ CWdk[b 9W_pWXWdZW o bWi ZW# cWi Z[b FWjhedWje Ckd_Y_fWb" j_[d[ fh[l_ije kd fhe]hWcW [if[Y_Wb$ FWhW [b Zec_d]e '+ Z[ cWoe [ij| fh[l_ije h[Wb_pWh kdW YWhWlWdW Whj‡ij_YW cki_# YWb o bW [djh[]W Z[ eXi[gk_ei W bWi cWZh[i Z[ [iYWiei h[Ykh# iei Z[ bWi fWhhegk_Wi gk[ Yed# \ehcWd [b YWdjÂŒd$ FWhW bW cW# ‹WdW Z[b Zec_d]e (( Z[ cWoe [ij| fhe]hWcWZe kd [l[dje jkdd_d] o [d bW jWhZ[ '*0&& kd i^em Whj‡ij_Ye Yed bW fWh# j_Y_fWY_ÂŒd Z[ Z[ijWYWZWi eh# gk[ijWi Yece0 CW]_W D[]hW o Im_d] BWj_de1 jWcX_ƒd [ijWh| >eb][h Ăˆ;b Hec|dj_YeÉ" B_iijj[ FWh[Z[i" [djh[ ejhei Whj_ijWi$ ;b :[fWhjWc[dje Z[ 9kbjkhW Z[b Ckd_Y_f_e o bW 7ieY_WY_ÂŒd (* Z[ :_Y_[cXh[" gk[ _dj[]hWd bWi f[hiedWi gk[ jhWXW`Wd [d [b Yecfb[`e ĂˆBW CeoWÉ" Yedjh_# Xko[d [d bW bWXeh$
& !,v ŋ3ŋ, !) #$)ŋ (ŋ &ŋ (.,)ŋ ŋ& ŋ ( # # - Ŋ,  - Ŋ"#Ŋ !.-$1 3#1-(" "ĔŊ (+#ĔŊ1#% +.2Ŋ8Ŋ!.Ĺ ,(" Ŋ"(2$143 1.-Ŋ #23 2Ŋ/#12.- 2ē
Bei _dj[hdei Z[b 9[djhe Z[ bW C[dZ_Y_ZWZ" kX_YWZe [d bW l‡W W J[Y^e Fhef_e" i[ bb[dWhed Z[ Wb[# ]h‡W Wb eXi[hlWh bW fh[i[dY_W Z[ _dj[]hWdj[i Z[ bW 8WdZW Cki_YWb o Z[b >eif_jWb Ckd_Y_fWb Z[ 7c# XWje$ 7gk‡ bb[]Whed Yed lWh_ei eX# i[gk_ei o be gk[ [i c|i lWb_eie Ăˆik j_[cfeÉ" fWhW YecfWhj_h ]hW# jei cec[djei [d kd XW_b[ _cfhe# l_iWZe o bk[]e [d kd Wbck[hpe$ Bei eXi[gk_ei \k[hed ][i# j_edWZei feh [b f[hiedWb jhWXW# `WZeh Z[b >eif_jWb Ckd_Y_fWb o bW WokZW Z[ bW [cfh[iW fh_lWZW gk[ ZedÂŒ bWi YWc_i[jWi fWhW bei _dj[hdei$ HWc_he 9ehed[b" ][h[dj[ Z[b ^eif_jWb" _dZ_YÂŒ gk[ i_[cfh[ [i# j|d fh[eYkfWZei Z[ bWi d[Y[i_ZW# Z[i Z[ [ijWi f[hiedWi$ ;d bW YWiW Z[ iWbkZ j_[d[d iki ^_ijeh_Wi cƒ# Z_YWi o i[ bei Y^[gk[W f[h_ÂŒZ_YW# c[dj[ o jWcX_ƒd [d Wb]‘d YWie [c[h][dj[$ Æ<[hdWdZe 9Wbb[`Wi" WbYWbZ[ Z[ 7cXWje1 o ik [ifeiW CWj_bZ[ Z[ 9Wbb[`Wi" fh[i_Z[djW Z[b FWjhedW# je1 i_[cfh[ [ij|d fh[eYkfWZei Z[b X_[d[ijWh Z[ gk_[d[i l_l[d [d [ij[ bk]Wh" Z[ cWd[hW gk[ deie#
ÄŠÄŠ
/#1, -#!#-ĹŠ#-ĹŠ #23#ĹŠ!#-31.Ä“
Ä“ĹŠ .2ĹŠ(-3#1-.2ĹŠ"#ĹŠ#23#ĹŠ!#-31.ĹŠ2#ĹŠ,.231 1.-ĹŠ!.-3#-3.2ĹŠ!.-ĹŠ#+ĹŠ +,4#19.ĹŠ8ĹŠ+ ĹŠ,ĂŒ2(! ĹŠ"#ĹŠ+ ĹŠ -" ĹŠ 4-(!(/ +ĹŠ"#ĹŠ , 3.Ä“
jhei Ykcfb_cei dk[ijhe jhWXW`e o [ijWcei W ÂŒhZ[d[i Z[ gk_[d dei d[Y[i_j[Ç" Yec[djÂŒ 9ehed[b$ ;djh[ jWdje" CWhj^W DWlWhh[# j[" WZc_d_ijhWZehW Z[b bk]Wh" [d decXh[ Z[ bei _dj[hdei W]hWZ[# Y_ÂŒ bW ][dj_b[pW Z[ bW l_i_jW Z[ [ijW eYWi_ÂŒd [ ^_pe f‘Xb_Ye [b Wbje ]hW# Ze Z[ Wfh[Y_e ^WY_W jeZWi bWi [c# fh[iWi gk[ jWcX_ƒd YebWXehWd$
23#"Ŋ/4#"#Ŋ!.+ .1 1 ŊŊ 5 11#3#Ŋ'(9.Ŋ4-Ŋ++ , ".Ŋ Ŋ+ Ŋ!.+#!3(5(" "ĔŊ#-Ŋ#2/#!( +Ŋ Ŋ+ Ŋ#,/1#2 Ŋ/1(5 " ĔŊ ŗ04#Ŋ04(#1 Ŋ!.+ .1 1Ŋ!.-Ŋ#23#Ŋ!#-31.ĔŊ/ 1 Ŋ04#Ŋ2#Ŋ !#104#Ŋ8Ŋ!.,/ 13 Ŋ,.,#-3.2Ŋ %1 " +#2ēŊ +Ŋ,.,#-3.ĔŊ' 8Ŋ#,/1#2 1(.2Ŋ"#Ŋ 4#-Ŋ!.1 9¢-Ŋ04#Ŋ 84" -Ŋ!.-23 -3#,#-3#Ŋ!.-Ŋ + Ŋ".- !(¢-Ŋ"#Ŋ/ -ĔŊ9 / 3.2ĔŊ#-31#Ŋ.31.2Ŋ 13~!4+.2Ŋ04#Ŋ2.-Ŋ"#Ŋ%1 -Ŋ43(+(" "ĔŊ(-"(!¢Ŋ + Ŋ$4-!(.- 1( ē
ŇĒđĊÄ?ć
777 (/#&2."$*/.%&45.(52")5" (/# &$
& $/-5.*$" " 4/%/3 ,/3 02/0*&4"2*/3 %& #"2&3 %*3$/4&$"3 4*&.%"3 %& "#"22/4&3 -*$2/-&2$"%/3 ,*$/2&2"3 "2&3 "2"/+&3 "'&4&2="3 *()4 ,5# $"3" %& $*4"3 $".4*."3 9 2&34"52".4&3 15& ,/3 0&2-*3/3 ".5",&3 %& '5.$*/."-*&.4/ &-*4*%/3 0/2 ," .4&.%&.$*" &.&2", %& /,*$=" 3& &.$5&.42". 9" %*30/.*#,&3 /3 2&15*3*4/3 0"2" ," /#4&.$*?. %&, -*3-/ 3&2;. 02&6*" ," 02&3&.4"$*?. %& &24*@$"%/ %& 53/ %& 35&,/ 2*(*.", &24*@$"%/ %& /-#&2/3 2*(*.", 2*(*.", &24*@$"%/ %& ",5% 2*(*.", "3 *&.%"3 %& #"22/4&3 *$/2&2"3 $".4*."3 *$2/-&2$"%/3 2&34"52".4&3 9 "'&4&2="3 4*&.&. 0,":/ %& %="3 " 0"24*2 %& &34" 05#,*$"$*?. /3 *()4 ,5# "3" %& *4"3 "#"2&43 "2&3 *3$/4&$"3 9 "2"/+&3 4*&.& 0,":/ %& %="3 " 0"24*2 %& &34" 05#,*$"$*?. , 42;-*4& &3 0&23/.", 02&3&.4"%/ 35 $<%5," 9 0&2-*3/ ".5", %& '5.$*/."-*&.4/ %&, ">/ #( ,&8 !",,"%"2&3 &6",,/3 .4&.%&.4& &.&2", %& /,*$=" %& 5.(52")5"
Ä’ Ĺ‹ Ĺ‹ Ĺ‹ Ä“Ä…Ĺ‹ Ĺ‹ Ĺ‹ .-ĹŠÄˆÄ‘ĹŠ  .2ĹŠ3(#-#ĹŠ2#(2ĹŠ"(2Äą !.2ĹŠ ĹŠ24ĹŠ' #1ĔŊ24ĹŠ !3(5(" "ĹŠ "#ĹŠ! -3 -3#ĹŠ+#ĹŠ' ĹŠ'#!'.ĹŠ04#ĹŠ 1#!.11 ĹŠ3.".ĹŠ#+ĹŠ !4 ".1Ä“ JWd_W ;ij[\Wd‡W 9WhZedW <_Wbbei" dWY_ZW [b + Z[ eYjkXh[ Z[ '//( [d bW cWj[hd_ZWZ ?i_Zhe 7oehW Z[ Gk_je" YedeY_ZW [d [b ckdZe Whj‡ij_Ye Yece JW‹_# jW 9WhZedW" e ĂˆBW H[_dW Z[b :[if[Y^eÉ [i kdW Z[ bWi Whj_ijWi c|i Z[ijWYWZWi [d bW c‘i_YW fefkbWh [YkWjeh_WdW$ 9ed Wf[dWi '. W‹ei" [ij| YWh_ic|j_YW ck`[h ^W ]hWXWZe i[_i Z_iYei gk[ b[ ^Wd ZWZe W YedeY[h Z[d# jhe o \k[hW Z[b fW‡i$ 9ed kdW iedh_iW cko YedjW]_eiW o `kdje W ik ^_`W JWd_W :Wb_W 9WhZedW" Z[ kd W‹e o i[_i c[i[i" [ijW ck`[h dei h[Y_X_ÂŒ [d kde Z[ bei i_bbed[i Z[ ik YWiW$ ;djh[ XhecWi Z_Y[ gk[ ik cWoeh fWi_ÂŒd [i YWdjWh1 Z[iZ[ cko f[gk[‹W ik fWZhWijhe L_Y[dj[ >[hh[hW" Wb _]kWb gk[ ik cWZh[ 9[Y_b_W <_Wbbei" b[ ^Wd Xh_dZWZe [b Wfeoe fWhW Z[iWhhebbWh ik jWb[dje Whj‡ij_Ye$ JW‹_jW Yec[djW gk[ ik fh_c[hW fh[i[djWY_ÂŒd \k[ W bei Y_dYe W‹ei [d kd Yeb_i[e Z[ IebWdZW" Wb ikh Z[ Gk_je" ZedZ[ Yed ]hWY_W Z_`e gk[ Æbei d[h# l_ei ^_Y_[hed gk[ c[ ebl_Z[ bW b[jhW Z[ bW YWdY_ÂŒd o jkl[ gk[ iWb_h Z[b [iY[dWh_e WYecfW‹WZW feh c_ cWZh[" gk_[d c[ ^WXbÂŒ cko \k[hj[ [i[ Z‡W1 Z[iZ[ Wbb‡ Wfh[dZ‡W W cWZkhWh [d be Whj‡ij_YeÇ$
Ĺ? Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
(2!.2ĹŠ%1 ".2ĹŠ
Ĺ— ĹŠ-(Â ĹŠ#7(%#-3# Ĺ— .-ĹŠ,;2ĹŠ"4+941 Ĺ— .,.ĹŠ)4% -". Ĺ— ĹŠ #(- ĹŠ"#+ĹŠ #2/#!'.ĹŠ Ĺ— ĹŠ #(- ĹŠ"#+ĹŠ #2/#!'.ĹŠ Ĺ— .+_,(!
Cko Wb[]h[ o i[]khW Z_Y[ gk[ dkdYW W [ijkZ_Œ YWd# je" i_de gk[ \k[ kd Zed gk[ :_ei b[ h[]WbŒ$ ;d [b Wif[Yje \‡i_Ye jWcX_ƒd XkiYW cWdj[d[hi[ [d \ehcW" [d XWi[ W [`[hY_Y_e" fWhW bkY_h Wjk[dZei cko i[d# ikWb[i Wb cec[dje Z[ ZWh iki YedY_[hjei$
#!.-.!(,(#-3.ĹŠ (-3#1- !(.- +
4-" !(¢-Ŋļ .13 +#9 Č
ŗŊ Ŋ Ŋ24Ŋ!.13 Ŋ#" "ĔŊ  (3 Ŋ' Ŋ% - ".Ŋ 5 1(.2Ŋ!.-!412.2Ŋ,42(! +#2Ŋ Ŋ-(5#+Ŋ
;d YecfW‹‡W Z[ iki fWZh[i o Z[ _dij_jkY_ed[i Z[ WokZW ieY_Wb" ikcWZWi Wb Wfeoe fWhj_YkbWh" JW‹_# jW Yh[ÂŒ [b fheo[Yje Ăˆ<ehjWb[pWÉ gk[ Z[ifkƒi i[ Yed# l_hj_ÂŒ [d \kdZWY_ÂŒd Z[ WokZW W cWZh[i Z[ [iYWiei h[Ykhiei [YedÂŒc_Yei e [d i_jkWY_ÂŒd Z[ lkbd[hWX_# b_ZWZ$ Æ9h[Wh kdW Y[djhe f[Z_|jh_Ye [d 7cXWje" [i kde Z[ bei eX`[j_lei Z[ gk_[d[i _dj[]hWcei [ijW [dj_# ZWZ" oW gk[ [n_ij[d cWZh[i Z[ b_c_jWZei h[Ykhiei gk[ h[gk_[h[d gk[ iki ^_`ei i[Wd Wj[dZ_Zei [d kdW YWiW Z[ iWbkZÇ$ 1.8#!3.2ĹŠ ĹŠ$4341.
:[djhe Z[ ik YWhh[hW fhe\[i_edWb [if[hW e\h[Y[h YedY_[hjei Z[ jWbbW _dj[hdWY_edWb" WZ[c|i Z[ YWdjWh ĂˆY^_Y^WÉ [d _d]bƒi$ ;d [b Wif[Yje f[hiedWb Wd^[bW Yedl[hj_hi[ [d fhe\[iehW Z[ _d]bƒi" WZ[c|i Z[ i[h kdW Xk[dW cW# Zh[ fWhW ik f[gk[‹W ^_`W$
ÄŠ
Ä“ĹŠ Â (3 ĹŠ)4-3.ĹŠ ĹŠ242ĹŠ (+ 1(-#2ĹŠ/1.5.! -ĹŠ+ ĹŠ +% 1 ~ ĹŠ "#ĹŠ!#-3#- 2ĹŠ"#ĹŠ/#12.- 2ĹŠ#-ĹŠ242ĹŠ !.-!(#13.2Ä“
/1.5(-!( +ĹŠ8ĹŠ- !(.- +Ä“ĹŠ -.ĹŠ"#ĹŠ+.2ĹŠ ,;2ĹŠ(,/.13 -3#2ĹŠ#2ĹŠ 5.-ĹŠ5.(!#2ĔŊ#-ĹŠ + 2ĹŠ! 3#%.1~ 2ĹŠ"#ĹŠ,ĂŒ2(! ĹŠ/./4+ 1ĹŠ8ĹŠ 5#-3 2Ä“ 4(#-#2ĹŠ"#2##-ĹŠ /.8 1ĹŠ ĹŠ#23 ĹŠ "#23 ! " ĹŠ 13(23 ĹŠ"# #-ĹŠ1# %(3 12#ĹŠ 8ĹŠ5.3 1ĹŠ#-ĹŠ666Ä“ 5.-5.(!#2Ä“!.,ĹŠ8ĹŠ #-ĹŠ+ ĹŠ! 3#%.1~ ĹŠ"#ĹŠ1#/1#2#-3 -3#2ĹŠ#-ĹŠ
3(-. ,_1(! Ä“ , (_-ĹŠ5( )¢Ŋ)4-3.ĹŠ ĹŠ #!8ĹŠ 15;#9ĔŊ ! -3 -3#ĹŠ/./4+ 1ĔŊ ĹŠ #1ĂŒÄ”ĹŠ/ 1 ĹŠ .$1#!#1ĹŠ!.-!(#13.2ĹŠ".-"#ĹŠ+.2ĹŠ5#!(-.2ĹŠ "#+ĹŠ241ĹŠ/4"(#1.-ĹŠ"(2$143 1ĹŠ"#ĹŠ24ĹŠ ,ĂŒ2(! Ä“
^ ēŊ (#-31 2Ŋ#2345.Ŋ#, 1 9Ĺ " Ŋ"#Ŋ24Ŋ'() Ŋ!.,#-3 Ŋ04#Ŋ5(5(¢Ŋ ,.,#-3.2Ŋ(-.+5(" +#2ē
-(!(.Ŋ8Ŋ/1(,#1 Ŋ%1 !(¢-
;b fh_c[h decXh[ Yed gk[ i[ Z_e W YedeY[h JW‹_jW" \k[ Yece Ăˆ;ij[\WdoÉ" oW gk[ [d '//, _dYkhi_edWXW bW YWdjWdj[ JWd_W FWh[Z[i 7ocWhW" o ckY^ei Yh[‡Wd gk[ [bbW gk[h‡W _c_jWhbW1 hWpÂŒd feh bW YkWb i[ Z_e W YedeY[h Yed [b c[dY_edWZe decXh[$ ;i _cfehjWdj[ Z[ijWYWh gk[ [d [i[ [djedY[i je# Zei gk[h‡Wd [ckbWh W FWh[Z[i" gk_[d ckh_ÂŒ Wb feYe j_[cfe$ Ik fh_c[hW ]hWXWY_ÂŒd \k[ [d [ijkZ_ei PWfWjW" ZedZ[ YWdjÂŒ Yel[hi Z[ JWd_W FWh[Z[i" gk[ \k[hed Z[b ]kije Z[ bW fheZkYjehW" f[hc_j_ƒdZeb[ ]hWXWh ik fh_c[h Z_iYe o bb[]Wh W kdW ]hWd YWdj_ZWZ Z[ f‘# Xb_Ye$ ;ijW \k[ bW fk[hjW Z[ _d_Y_e fWhW [cf[pWh kd h[Yehh_Ze feh lWh_Wi fheZkYjehWi gk[ b[ Z_[hed W YedeY[h [d bW pedW Y[djhWb Z[b fW‡i" [if[Y_Wbc[dj[ [d BWjWYkd]W" IWbY[Ze" 7cXWje o H_eXWcXW$
Ä“ĹŠ 4ĹŠ$ ,(+( ĹŠ' ĹŠ2(".ĹŠ#+ĹŠ/(+ 1ĹŠ $4-" ,#-3 +ĹŠ/ 1 ĹŠ24ĹŠ"#2 11.++.ĹŠ/#1Äą 2.- +ĹŠ8ĹŠ 13~23(!.Ä“
(" ĹŠ/#12.- +
JW‹_jW Yec[djW gk[ dWY_ÂŒ [d [b i[de Z[ kdW \Wc_b_W cko feXh[" be YkWb b[ WokZÂŒ ckY^e fWhW i[h kdW f[hiedW ^kc_bZ[ o Yedl[hj_hi[ [d bW ck`[h gk[ ^eo [i0 i[]khW" jhWXW`WZehW o h[ifediWXb[$ ;bbW jkle ik fh_c[h ^_`e W bei '- W‹ei" Yed ik [n del_e ;c[hied D$" _dj[]hWdj[ Z[ kdW h[YedeY_ZW W]hkfWY_ÂŒd cki_YWb Z[ bW fhel_dY_W$ 7YjkWbc[dj[ [bbW [ij| feh j[hc_dWh bW _dijhkY# Y_ÂŒd i[YkdZWh_W [d bW [if[Y_Wb_ZWZ Z[ Z_i[‹e ]h|# Ă’ Ye [d [b Yeb[]_e F[Zhe <h‡Wi 9WhhWiYe" oW gk[ feh cej_lei Z[ jhWXW`e o [cXWhWpe de fkZe YedYbk_h iki [ijkZ_ei [b W‹e fWiWZe$ 1#/ 1 !(¢-
ēŊ .-Ŋ24Ŋ'() Ŋ -( ĔŊ#2Ŋ24Ŋ/1(-!(/ +Ŋ$4#-3#Ŋ"#Ŋ(-2/(1 !(¢-ē
)#,/+.2Ŋ Ŋ2#%4(1 ŗŊŊŊĥ Ŋ$.13 +#9 Ŋ"#Ŋ,(2Ŋ/ "1#2Ŋ,#Ŋ' Ŋ 84" ".Ŋ Ŋ2#1Ŋ04(#-Ŋ2.8ĔŊ/.1Ŋ#++.Ŋ2.-Ŋ ,(Ŋ/1(-!(/ +Ŋ(-ĄŊ4#-!( Ŋ8Ŋ#)#,/+.Ŋ#-Ŋ+.2Ŋ !3.2Ŋ"#Ŋ,(Ŋ5(" ĢĔŊ!.,#-3 ē -Ŋ#+Ŋ;, (3.Ŋ,42(! +ĔŊ2(%4#Ŋ#+Ŋ#23(+.Ŋ 13~23(!.Ŋ04#Ŋ(,/42.Ŋ +.1( Ŋ 1#5(ĔŊ#2/#Ĺ !( +,#-3#Ŋ24Ŋ5#23(,#-3 Ŋ8Ŋ24Ŋ"#2#-5.+5(,(#-3.Ŋ#2!_-(!.ēŊ
ĹŠ 4(#-#2ĹŠ"#2##-ĹŠ !.-31 3 1ĹŠ ĹŠ  (3 ĹŠ/ 1 ĹŠ #5#-3.2ĹŠ 13~23(Äą !.2ĹŠ"# #-ĹŠ !.,4-(! 12#ĹŠ +ĹŠ ćđČĒÄ?đČĎČē
Ä Ä€
1./(.2Ŋ8ŊŊ#731  .2Ŋ #23;-Ŋ(-5(3 ".2Ŋ Ŋ"(2Ĺ $143 1Ŋ"#Ŋ+.2Ŋ#5#-3.2Ŋ 04#Ŋ2#Ŋ" 1;-Ŋ,  - ēŊ .Ŋ 2#Ŋ+.2Ŋ/4#"#-Ŋ/#1"#1Ģē
Ĺ? Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ŋ ĔŊ
.#0# -Ĺ‹ Ĺ‹& -Ĺ‹ # -. -
ĹŠ ĹŠ
(5 ,.2ĹŠ#23 2ĹŠÄƒ#2Äą 3 2ĹŠ!.-ĹŠ1#2/#3.ĹŠ8ĹŠ !.) ,.2ĹŠ!.-ĹŠ! 1( .ĹŠ ĹŠ-4#231.2ĹŠ5(2(3 -3#2ĔŊ#2.ĹŠ -.2ĹŠ" 1;ĹŠ4-ĹŠ%1 -ĹŠ/.3#-!( +ĹŠ 341~23(!.Ģē
$ >eo [ij[ YWdjÂŒd h[#
Yk[hZW ik \[Y^W Z[ YWdjed_pW# Y_Œd" feh [bbe iki Wkjeh_ZWZ[i i[ YedY[djhWh|d [d [b fWhgk[ Y[djhWb" W fWhj_h Z[ bWi &/0&&" ZedZ[ i[ [\[YjkWh| bW KdY_Œd 9‡l_YW feh bei (+ W‹ei Z[ \kd# ZWY_Œd$ 7gk‡ i[ YebeYWh| kdW e\h[dZW [d [b cedkc[dje Z[ F[Zhe <[hc‡d 9[lWbbei$ 7Z[c|i" bei [ijkZ_Wdj[i Z[ jeZei bei [ijWXb[Y_c_[d# jei [ZkYWj_lei Z[ [ij[ bk]Wh fh[i[djWh|d bW [nfei_Y_Œd Z[ f[h_ŒZ_Yei ckhWb[i Yed j[cWi gk[ h[iWbjWd bWi l_hjk# Z[i Z[ ik j[hhk‹e$ 9[lWbbei \_[ijW o jhWZ_Y_Œd" 9[lWbbei YWZW l[p c[`eh" 9[lWbbei WY# jkWb o c|i j[cWi" i[h|d fWhj[ Z[ bW fh[i[djWY_Œd [d bW gk[ bei [ZkYWdZei ceijhWh|d bWi XedZWZ[i gk[ ^Wd cWhYWZe bW ^_ijeh_W o be]hei [d [ijei (+ W‹ei Z[ l_ZW _dij_jkY_edWb$
Ŋ ĔŊ
ĹŠ Ä“
2/#1#,.2Ŋ04#Ŋ5#-Ĺ % -Ŋ341(23 2Ŋ"#Ŋ3.".Ŋ #+Ŋ/ ~2Ŋ/ 1 Ŋ04#Ŋ+ 2Ŋ 5#-3 2Ŋ2# -Ŋ,#).1#2ĔŊ 04~Ŋ2#Ŋ5#-"#Ŋ9 / 3.2Ŋ8Ŋ2#Ŋ .$1#!#Ŋ1(! Ŋ% 231.-.,~ Ģē
ĹŠ } Ä” ĹŠ ĹŠ ĹŠ Ä“ĹŠ
#0#-')Ĺ‹3Ĺ‹ )& &),Ĺ‹ (Ĺ‹ 0 &&) Ä“ĹŠ #+#% !(.-#2ĹŠ"#+ĹŠ!#-31.ĹŠ"#+ĹŠ/ ~2ĹŠ#23 1;-ĹŠ/1#2#-3#2ĹŠ,  - ĹŠ#-ĹŠ#23#ĹŠ 31 !3(5.ĹŠ"#2ă+#ĹŠ"#ĹŠ! -3.-(9 !(¢-Ä“
(-(231.2ĹŠ"#ĹŠ 2Äą 3 ".ĹŠ5(23 1;-ĹŠ#23#ĹŠ /1."4!3(5.ĹŠ! -3¢-ĹŠ /.1ĹŠ242ĹŠÄƒ#23 2Ä“ĹŠ
7/.ĹŠ$#1(
FWhW cW‹WdW W fWhj_h Z[ bWi &.0&& [ij| fh[l_ije bW _dWk# ]khWY_ÂŒd Z[ bW Ăˆ;nfe <[h_W Fhel_dY_Wb 9[lWbbei (&''É" gk[ i[ Z[iWhhebbWh| [d [b ceZ[hde Y[djhe Z[ WYef_e$ 7gk‡" bei l_i_jWdj[i feZh|d WZc_hWh bW [nfei_Y_ÂŒd Z[ bW h_# gk[pW W]hef[YkWh_W" jkh‡ij_YW o ]WijhedÂŒc_YW gk[ j_[d[ bW fhel_dY_W feh c[Z_e Z[ bei Z_\[h[dj[i ijWdZi gk[ i[ ^W# h|d fh[i[dj[i Z[iZ[ Z_ij_djei YWdjed[i Z[ Jkd]khW^kW$
$ BWi XeZWi Z[ fbWjW Z[ [ij[ YWdjŒd i[ Y[b[XhWd Yed [ceY_Œd o Wb[]h‡W" ied (+ W‹ei Z[ l_ZW _dij_jkY_edWb [d gk[ [ij[ fhe]h[i_ijW YWdjŒd jkd]k# hW^k[di[ ^W ceijhWZe ik fhe# ]h[ie W d_l[b Z[ bW fhel_dY_W o [b fW‡i$ Feh [bbe" bWi WYjkWb[i Wkje# h_ZWZ[i" W bW YWX[pW ik WbYWbZ[
8WoWhZe 9edijWdj[" ^Wd fhe]hW# Z[b Z[iĂ’b[ fWhj_Y_fWh|d [d bW i[# cWZe fWhW cW‹WdW" W fWhj_h Z[ i_ÂŒd ieb[cd[ Z[ Wd_l[hiWh_e$ bWi &/0&&" [b Z[iĂ’b[ Y‡l_Ye#c_b_# jWh [d [b gk[ fWhj_Y_fWh|d Z[b[# (23.1( ĹŠ8ĹŠ,;2 ]WY_ed[i beYWb[i" fhel_dY_Wb[i o ;b (/ Z[ WXh_b Z[ './(" feh WYk[h# Z[b Y[djhe Z[b fW‡i$ Ze Z[b 9edY[`e Ckd_Y_fWb Z[ I[]‘d _d\ehcÂŒ [b Xkh# 7cXWje" i[ Yh[W bW fWhhe# ]ecW[ijh[" [d [ij[ Z‡W Z[ gk_W 9[lWbbei" ^WX_[dZe Ă’[ijW Wi_ij_h|d h[fh[i[d# ĹŠ f[hj[d[Y_Ze Wdj[i W bW fW# jWdj[i Z[b =eX_[hde 9[d# hhegk_W Z[ J_iWb[e$ 9[lW# jhWb" [djh[ [bbei bW C_d_ijhW +ĹŠÄˆÄŠĹŠ"#ĹŠ, 8.ĹŠ"#ĹŠ bbei \k[ YWdjed_pWZe [b ') 9eehZ_dWZehW Z[ :[iWhhe# ĈĒÄ?Ä‘ĹŠ2#ĹŠ"(.ĹŠ+ ĹŠ Z[ cWoe Z[ '/.,$ Bei feXbWZei c|i _c# bbe IeY_Wb" @Wd[j^ I|dY^[p" ! -3.-(9 !(¢-Ä“ [b C_d_ijhe Z[ <_dWdpWi" fehjWdj[i Z[b YWdjÂŒd ied0 FWjh_Y_e H_l[hW o c|i Wkjeh_ZW# IWdjW HeiW" IWd F[Zhe" BW <be# Z[i Z[ jWbbW dWY_edWb o fhel_dY_Wb h[ijW" BW <beh_ZW" @[i‘i Z[b =hWd Z[ bei Z_\[h[dj[i eh]Wd_icei f‘# FeZ[h" ;b 8[bƒd" ;b C_hWZeh" Xb_Yei o fh_lWZei" gk_[d[i bk[]e IWdje :ec_d]e" JWcXe" JWc#
)(#.)'/ & -Ĺ‹ (Ĺ‹ / ,)
XebecW" 7dZ_]dWje" 7_h[ KXh[ o 7]kW IWdjW$ ;djh[ bei WjhWYj_lei jkh‡ij_Yei Z[ bW pedW [ij| bW YWiYWZW Z[ @k# `‘d" gk[ [i [b bk]Wh f[h\[Yje fWhW bei WcWdj[i Z[b lƒhj_]e o bW dW# jkhWb[pW$ Bei ^k[hjei Z[ YbWkZ_W" Zk# hWpde" f[hW o cWdpWdW h[\b[# `Wd bW fheZkYj_l_ZWZ Z[b bk]Wh" Wi‡ Yece [d bei ‘bj_cei W‹ei bW Yed\[YY_Œd Z[ pWfWjei gk[ i[ ^W Yedl[hj_Ze [d kd h[\[h[dj[ Z[ 9[lWbbei$ ;d [b fWhgk[ fh_dY_fWb Z[ bW Y_kZWZ [ij| [b cedkc[dje Wb ]hWd ^_ijeh_WZeh WcXWj[‹e :ed F[Zhe <[hc‡d 9[lWbbei$
,( .)Ĺ‹ ( 0 &&)BW Wl[d_ZW (* Z[ cWoe bkY[ cko WjhWYj_lW o bb[dW Z[ dWjk# hWb_ZWZ Yed bWi Ă“eh[i o fbWd# jWi gk[ WZehdWd [b fWhj[hh[ Y[djhWb$ @[\\[hied JeWgk_pW \eje " Z[`ÂŒ jeZe b_ije fWhW gk[ bW eXhW h[WbY[ [b WcX_[dj[ Z[ Ă’[ijW gk[ l_l[ [b YWdjÂŒd feh iki (+ W‹ei Z[ l_ZW$
ē ;b YWi[h‡e IWd L_Y[dj[ Z[
Gk[he [i kd f[gk[‹e h[\[h[dj[ Z[b ck[Xb[ ZedZ[ Wbh[Z[Zeh Z[ '' Whj[iWdei cWdj_[d[d iki jWbb[# Ä“ĹŠ 423.ĹŠ"#3 ++ ĹŠ+ 2ĹŠ! 1 !Äą h[i Yed bW [nf[YjWj_lW Z[ i[]k_h 3#1~23(! 2ĹŠ"#ĹŠ4- ĹŠ! , ĹŠ"#ĹŠ31#2ĹŠ/+ 9 2ĹŠ Yh[Y_[dZe o ]WdWh [ifWY_e [d [b ĹŠ24ĹŠ!+(#-3#ĹŠ 4(2ĹŠ 4 , -!41(Ä“ c[hYWZe$ gk[ d[Y[i_j[d$ ;d dk[ijhe fWie feh 9ece [d YWi_ jeZei bei [b bk]Wh" _d]h[iWcei Wb d[]eY_ei" bei Whj[iWdei jWbb[h Z[ CWhYe 9W`Wi" Z[b i[Yjeh h[Yk[hZWd gk[ ZedZ[ dei h[Y_X_ÂŒ ik ^[h#
cWde <Wkije" gk_[d Z_e W #23;-ĹŠ#-ĹŠ/#1, Äą kde Z[ iki l[Y_dei _d_Y_ÂŒ ).ĹŠ#-ĹŠ Yed kd jWbb[h" bk[]e WfW# YedeY[h gk[ Z[iZ[ ^WY[ -#-3#ĹŠ31 -ĹŠ (!#-3#Ä“ jh[i W‹ei CWhYe Z[Y_Z_ÂŒ h[Y_ÂŒ ejhe o Wi‡ ikY[i_lW# [cfh[dZ[h Yed [ijW WYj_# c[dj[ i[ [nfWdZ_ÂŒ [ij[ l_ZWZ gk[ b[i f[hc_j[ ikXi_ij_h j_fe Z[ Yec[hY_e gk[ W c|i Z[ '& Z‡W W Z‡W$ \Wc_b_Wi Z[b i[Yjeh b[i f[hc_j[d 7gk‡ i[ \WXh_YW jeZe j_fe Z[ eXj[d[h [b fWd Z[ YWZW Z‡W$ Bei ck[Xb[i Z[iZ[ kdW f[gk[‹W i_bbW Whj[iWdei ^WY[d bW _dl_jWY_ÂŒd W bW ^WijW kd WjhWYj_le `k[]e Z[ iWbW1 Yeb[Yj_l_ZWZ W gk[ l_i_j[d [b i_j_e" WZ[c|i bei Yb_[dj[i fk[Z[d jhW[h kX_YWZe [d bW l‡W Gk[he#F[b_b[e" iki ceZ[bei o c[Z_ZWi fWhW gk[ i[Yjeh Z[ IWd L_Y[dj[" i[ [dYed# bei ĂˆcW[ijheiÉ Yh[[d [b fheZkYje jWh| Yed Ă’dei c[Xb[i$
ĈĈ
4!' -Ŋ!.-31 Ŋ+ Ŋ!#-(9 Ŋ ēŊ ¢,4+.Ŋ 43(23 ĔŊ#-Ŋ!.,/  ~ Ŋ"#Ŋ24Ŋ'().Ŋ 3#.ĔŊ"#Ŋ4-Ŋ  .ĔŊ/#1, -#!#-Ŋ#-Ŋ24Ŋ3#11#-.ĔŊ#-Ŋ -Ŋ (!#-3#ĔŊ"#2'#1 -".Ŋ/ 13#Ŋ 24Ŋ/#04# .Ŋ!4+3(5.Ŋ"#Ŋ 1 #) Ŋ04#Ŋ1#2(23(¢Ŋ Ŋ+ Ŋ! ~" Ŋ"#Ŋ!#-(9 Ŋ 5.+!;-(! ē
Â&#x; Ä“ĹŠ #Ä‚#12.-ĹŠ . 04(9 ĔŊ 31 ) ".1ĹŠ"#ĹŠ+ ĹŠ. 1 ĔŊ2#ĹŠ"#"(! ĹŠ / !(#-3#,#-3#ĹŠ ĹŠ#++.Ä“ĹŠ
(5(2,.ĹŠ8ĹŠ$(#23 ĹŠ#-ĹŠ .!'
.2ŊĉĎŊ  .2Ŋ"#Ŋ! -Ĺ 3.-(9 !(¢-Ŋ2#Ŋ!#+#Ĺ 1 -Ŋ'.8Ŋ!.-Ŋ +#%1~ Ŋ 8Ŋ1#%.!().Ŋ"#Ŋ4-Ŋ /4# +.Ŋ31 ) ".1ē
Ĺ? Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ä Ä
ĹŠ #%ĂŒ-ĹŠ#+ĹŠ!#-2.ĹŠ "#ĹŠÄ‰Ä‡ÄˆÄ‡Ä”ĹŠ .!' ĹŠ !4#-3 ĹŠ!.-ĹŠÄ‘ÄŠÄ?ÄˆĹŠ ' (3 -3#2Ä“
$ :[iZ[ bWi '&0&& Z[ ^eo
i[ Z[iWhhebbWh| [b WjhWYj_le Z[iĂ’# b[ Y‡l_Ye c_b_jWh [d [b gk[ fWhj_Y_# fWh|d Z[b[]WY_ed[i Z[ bW fhel_d# Y_W [ _dij_jkY_ed[i _dl_jWZWi Z[ bW IkbjWdW Z[ Bei 7dZ[i$ Bk[]e i[ h[Wb_pWh| bW i[i_ÂŒd ieb[cd[ [d [b IWbÂŒd Z[ bW 9_kZWZ$ BW h[bWj_lW YWbcW gk[ ^W fh[# i[djWZe [b lebY|d [d bei ‘bj_cei Z‡Wi" fh[Z_Y[ kd [iY[dWh_e jhWd# gk_be fWhW bb[lWh W [\[Yje [ijW o ejhWi WYj_l_ZWZ[i \[ij_lWi gk[ l_# l_h| [ij[ fheZkYj_le YWdjÂŒd jkd# ]khW^k[di[$ ;h[YY_ÂŒd Yece fWhhegk_W [Yb[i_|ij_YW <k[ [b[lWZW W bW YWj[]eh‡W Z[ fWhhegk_W [Yb[i_|ij_YW" [b '- Z[ i[fj_[cXh[ Z[ '.(+" YkWdZe \k[ EX_ife Z[ Gk_je" @eiƒ CWdk[b <beh[i [ ?dj[dZ[dj[ ;Yb[i_|ij_Ye Z[b Ikh" <ƒb_n LWbZ_l_[ie$ ;b fh_# c[h f|hheYe \k[ Jec|i L[h]WhW" gk_[d i[ fei[i_edÂŒ [b (& Z[ Z_# Y_[cXh[ Z[ '.(+$ Kd ') Z[ cWoe Z[ '/., WbYWdpW ik YWdjed_pWY_ÂŒd" Z[iZ[ [djed# Y[i bWi Wkjeh_ZWZ[i Z[ jkhde ied bWi [dYWh]WZWi Z[ ^ec[dW`[Wh Wb YWdjÂŒd [d [ijW \[Y^W$
ēŊ 23#Ŋ/1."4!3(5.Ŋ! -3¢-Ŋ34-%41 '4#-2#Ŋ!#+# 1 Ŋ4-Ŋ-4#5.Ŋ -(5#12 1(.Ŋ"#Ŋ'(23.1( Ŋ8Ŋ24/#1 !(¢-Ŋ#-Ŋ+ Ŋ$#!' Ŋ"#Ŋ24Ŋ! -3.-(9 !(¢-ē
h[fWhj_ZWi [d bW fWhhegk_W Y[d# jhWb CeY^W Yed -, ac( o ,$) ac( [d F_d]k_b‡$ ;b j[hh_jeh_e [d ik XWi[ \‡i_YW i[ [dYk[djhW YhkpWZe Z[ Wb]kdWi l‡Wi Z[ ehZ[d i[Ykd# ZWh_e o bW fh_dY_fWb Z[ WYY[ie Z[i# Z[ bW YWhh[j[hW FWdWc[h_YWdW$ BW YWX[Y[hW YWdjedWb kX_YWZW cko Y[hYW Z[ bW FWdWc[h_YWdW ^WY[ fei_Xb[ kdW h[bWY_ÂŒd Z_h[YjW Yed 7cXWje$ ;d YWcX_e" [b h[ije Z[b j[hh_jeh_e gk[ WlWdpW ^WijW [b d[lWZe 9Wh_^kW_hWpe [ij| b[`ei Z[ bW YWX[Y[hW YWdjedWb" Z[`Wd# (34 !(¢-ĹŠ%#.%1;ă! ĹŠ Ze kd ]hWd [ifWY_e fWhW gk[ i[ ;b YWdjÂŒd CeY^W i[ kX_YW [d [b Z[iWhhebb[d dk[lWi fWhhegk_Wi" i[Yjeh ikh[ij[ Z[ Jkd]khW^kW" i[]‘d bei h[gk[h_c_[djei Z[ bW Yed kdW ikf[hĂ’Y_[ Z[ .($) Ac(" feXbWY_ÂŒd$
.!'
3.2ĹŠ%#-#1 +#2 11.04( ĹŠ#!+#2(;23(! Ä–ĹŠ -ĹŠ 4 -ĹŠ 43(23 ĹŠ Ĺ—"#+ĹŠ! -3¢-ĹŠ .!' Ä“ #!' ĹŠ"#ĹŠ$4-" !(¢-ĹŠ#2/  .+ ĖŊćĎŊ"#ĹŠ Ĺ—)4-(.ĹŠ"#ĹŠÄˆÄŽÄŠÄŒÄ“ 1#!!(¢-ĹŠ#!+#2(;23(! Ä–ĹŠÄˆÄ?ĹŠ"#ĹŠ2#/3(#, 1#ĹŠ Ĺ—"#ĹŠÄˆÄ‘Ä‰ÄŽÄ“ 1# !(¢-ĹŠ!.,.ĹŠ/ 11.04( ĹŠ!(5(+ĖŊĉĒŊ"#ĹŠ Ĺ—, 8.ĹŠÄˆÄ‘Ä?Ĉē #!' ĹŠ"#ĹŠ! -3.-(9 !(¢-ĹŠ"#ĹŠ .!' Ä–ĹŠÄˆÄŠĹŠ"#ĹŠ Ĺ—, 8.ĹŠ"#ĹŠÄˆÄ’Ä‘Ä?Ä“
} Ä“ĹŠ - ĹŠ"#+(!( ĹŠ!4+(Äą - 1( ĹŠ"#ĹŠ .!' ĹŠ2.-ĹŠ+.2ĹŠ!48#2ĹŠ!.-ĹŠ / / 2ĹŠ8ĹŠ9 19 ĹŠ"#ĹŠ, -~Ä“
.!'
#!' 2ĹŠ(,/.13 -3#2
Ĺ—ÄˆÄŠĹŠ"#ĹŠ, 8.ĔŊ$#!' ĹŠ"#ĹŠ! -3.-(9 !(¢-Ä“ Ă‹+3(,.ĹŠ".,(-%.ĹŠ"#ĹŠ, 8.ĹŠ/#1#%1(- !(¢-ĹŠ Ĺ— +ĹŠ2 -34 1(.ĹŠ #(- ĹŠ"#ĹŠ+ ĹŠ 9ĹŠ"#ĹŠ +ĹŠ .2 +Ä“ Ä‰ÄŒĹŠ"#ĹŠ)4-(.ĔŊ- 3(5(" "ĹŠ"#ĹŠ -ĹŠ 4 -ĹŠ Ĺ— 43(23 ĹŠ8ĹŠ$4-" !(¢-ĹŠ#2/  .+ Ä–ĹŠÄƒ#23 2ĹŠ / 31.- +#2Ä“
Ä’ĹŠ"#ĹŠ)4+(.Ä”ĹŠÄƒ#23 2ĹŠ/ 31.- +#2ĹŠ"#ĹŠÄĽ 4#231 ĹŠ Ĺ— # .1 ĹŠ #(- ĹŠ"#ĹŠ+ ĹŠ 9ÄŚÄ“
/.*,'
(&-*,
/.*,*
āĂ
# ũ(-$.1, !(¢666ē+ '.1 ē!.,ē#!
ŏ āăŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
# $(1, -ũ24ũ $#ũ! 3¢+(! ũ'.8
)-ŋ -./ # (. -ŋ &ŋ- 2.)ŋ )ŋ ŋ 6-# ŋ &ŋ (.,)ŋ / .#0)ŋ #) - ()ŋ (ŋ v)ŋ ąŋ,  ,6(ŋ")3ŋ-/ŋ ,#' , ŋ )'/(# (Ąŋ &ŋ 0 (.)ŋ, &#!#)-)ŋ ŋ ,6ŋ (ŋ& ŋ#!& -# ŋ ŋ . , &ŋ ŋ& -ŋ úĂĆúúŋ )(ŋ& ŋ*, - ( # ŋ ŋ&)-ŋ* , -ŋ ŋ '#&# Ąŋ
_--($#1ũ .1#++ Ĕũ .,_-(! ũ #"¢-Ĕũ #+_-ũ _2/#"#2ũ8ũ ! 1#- ũ ¢/#9ē
31(!( ũ 13(9Ĕũ (!#-3#ũ 1!.2Ĕũ _-#2(2ũ .1.Ĕũ -3( %.ũ 4#- .ũ8ũ (!'#++#ũ 4(-% ē
.2_ũ 9 Ĕũ 5.ũ ;-!'#9Ĕũ #5(-ũ %4(+ 1Ĕũ 18 -ũ 11 2!.Ĕũ +#) -"1.ũ 9,( .ũ8ũ .(2_2ũ
4941( % ē
-3( %.ũ 4#11#1.Ĕũ _2 1ũ 8.1% Ĕũ +#) -"1.ũ 1~ 2Ĕũ .1%#ũ '_11#9Ĕũ 4 -ũ 1 -!(2!.ũ .1 +#2ũ8ũ 5("ũ + !(.2ē
+#7 -"#1ũ !.23 Ĕũ "4 1".ũ +#-!( Ĕũ 1+.2ũ (+ı + $4#13#Ĕũ (+2.-ũ # +ũ8ũ .24_ũ -"1 "#ē
1(#+ ũ .1#-.Ĕũ 3 2' ũ (++ !~2Ĕũ .-2#11 3ũ 4 +/ ũ8ũ .,_-(! ũ ¢1".5 ē
.8ũ!#+# 1 ,.2ũ#+ũ"~ ũ -3.ũ"#ũ ;3(ı , ũ8ũ . #13.ēũ #+(!(" "#2ũ ũ04(#-#2ũ ++#5 -ũ#2.2ũ-., 1#2ē
- ũ ũ+ 2ũĉćĖććĔũ ũ -(5#12(" "ũ 1(23( - ũ 3(-. ,#1(! - ũĸ Ĺũ 1# +(9 1;ũ#+ũ"#2ăũ+#ũ"#ũ,." 2ũĥ '#ũ # 438ũ.$ũ,."#Ħēũ 23.ũ2#ũ1# +(9 1;ũ #-ũ#+ũ#"(ăũ!(.ũ"#ũ+ ũ . #1- !(¢-ũ"#ũ 4-%41 '4 ēũ
#(+ ũ ¢/#9Ĕũ .+ ũ #5 ++.2Ĕũ _2(! ũ 4( ũ8ũ 1#-ũ #)~ ē
Ì+ũ .+~2Ĕũ .04#ũ .1( Ĕũ # 23(;-ũ %Õ#9ũ8ũ ( -! 1+.2ũ 1 -).ē
ũ 2.!( !(¢-ũ"#ũ ,/+# ".2ũ"#+ũ -23(343.ũ !(.- +ũ"#ũ 23 "~23(! ũ8ũ #-2.2ũ #%(.- +ũ #-31.Ĕũ(-5(3 ũ ũ+ ũ 2#2(¢-ũ2.+#,-#ũ +ũ!4,/+(1ũ#+ũ ũ -(5#12 1(.ũ"#ũ!1# !(¢-ēũ #1;ũ, - ũ ũ+ 2ũĈĐĖććũ#-ũ#+ũ 4"(3.1(.ũ"#ũ+ ũ 2 ũ"#ũ+ ũ 4+341 ũ"#ũ 4-%41 '4 ē
+#) -"1.ũ 2! -.Ĕũ ,(+(.ũ 8.1% Ĕũ 1!#+.ũ _1#9ũ8ũ 5("ũ 4- + 3 ē
-3( %.ũ #+(Ĕũ +#7ũ 4#11#1.Ĕũ .2_ũ 4(2ũ ."1~%4#9ũ8ũ (!' #+ũ !.23 ēũ
+Ŋ _!-(!.Ŋ$.1,¢Ŋ24Ŋ #2!4 "1 Ŋ% - ".1
2ĹŠ)4% " 2ĹŠ#-ĹŠ3(#,/.2ĹŠ"#ŊĊćŊ ,(-43.2ĹŠ$4#1.-ĹŠ/ 13#ĹŠ"#ĹŠ+ 2ĹŠ ĂŒ+3(, 2ĹŠ/1;!3(! 2ĹŠ"#+ĹŠÄĽ ."(++.ÄŚÄ“ ;b [ijWZ_e 8[bbWl_ijW \k[ Wo[h [b Y[djhe Z[ YedY[djhWY_ÂŒd fWhW gk[ [b JƒYd_Ye Kd_l[hi_jWh_e h[Wb_pWhW ik ‘bj_cW fh|Yj_YW" fh[l_e Wb fWhj_Ze gk[ `k]Wh| ^eo W bWi (&0&& \h[dj[ Wb LWbb[ Z[b 9^ejW Z[ ?cXWXkhW$ Bei kd_l[hi_jWh_e iWX[d gk[ ik WZl[hiWh_e de [i dWZW \|Y_b Z[ l[dY[h" feh be gk[ i[ h[# \ehpWhed [d jeZWi bW |h[Wi" Z[ WYk[hZe W bW eXi[hlWY_ÂŒd Z[ bW fh|Yj_YW gk[ ^_pe FW‘b Lƒb[p" [djh[dWZeh Z[b [gk_fe WcXW# j[‹e$ :khWdj[ [b [djh[dWc_[d# je" i[ fh[i[djWhed del[ZWZ[i Yece [b Z[i]Whh[ gk[ ik\h_ÂŒ L‡Yjeh [b Ăˆ9kikcXeÉ LWbb[" gk_[d jkle gk[ iWb_h Z[ bW YWd# Y^W W h[Y_X_h Wj[dY_ÂŒd feh Wb# ]kdei c_dkjei$ ;b Z[bWdj[he o ]eb[WZeh MWbZ[cWh 7YeijW" jWcX_ƒd h[#
Y_X_ÂŒ Wj[dY_ÂŒd [d [b [djh[j_[c# fe" fWhW c[`ehWh ik YedZ_Y_ÂŒd \‡i_YW o de j[d[h iehfh[iWi Wb cec[dje Z[b Yej[`e eĂ’ Y_Wb$ BW edY[dW j_jkbWh gk[ iWbjW# h| W bW YWdY^W [ijW deY^[ gk[# ZÂŒ Z[Ă’ d_ZW Wi‡0 @kWd Ceb_dW [d bW fehj[h‡W" WZ[bWdj[ kdW b‡d[W Z[ YkWjhe Yed @WYied 9ehepe" :_[]e =edp|b[p" <[hdWdZe BÂŒ# f[p o CWhl_d 9ehepe$ ;d [b c[Z_e YWcfe [ijW# h|d ;bl_i L|igk[p" ;ij_mkWh L|igk[p" L‡Yjeh LWbb[ o 7b[n 9ebÂŒd" [d bW Z[bWdj[hW [ijWh|d MWbZ[cWh 7YeijW o 7b[n_i FW# bWY_ei$ JeZe [ij| b_ije fWhW gk[ bei WcXWj[‹ei fed]Wd ik ]WhhW o i[ cWdj[d]Wd [d bW fkdjW Z[ bW jWXbW Z[ fei_Y_ed[i Z[b YWc# f[edWje Z[ bW i[h_[ 8 o i_]Wd _dl_Yjei [d bW \[Y^W ') Z[b jeh# d[e Z[ XWbecf_ƒ$
7L;E
ĹŠ ÂĄ
Ä“ĹŠ .2ĹŠ)4% ".1#2ĹŠ"#+ĹŠ 4 8 04(+ĹŠ$4#1.-ĹŠ+.2ĹŠ% - ".1#2ĹŠ"#ĹŠ+ ĹŠ(-3#1,#Äą "( ĹŠ"#+ĹŠ$ĂŒ3 .+Ä“
Ĺ? Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ä Äƒ
- ĹŠ$(- +ĹŠ"#ĹŠ (-$ 13.ĹŠ#-ĹŠ#+ĹŠ (-3#1!.+#%( + Kd l[hZWZ[he Yb|i_Ye Z[ \‘jXeb i[ l_l_ÂŒ [b c_ƒhYe# b[i [d bW YWdY^W Z[b [ijWZ_e D[fjWb‡ 8WhedW" [d [b Yej[# `e Z[ bW ]hWd Ă’ dWb [djh[ bei _dij_jkjei =kWoWgk_b o 8eb‡# lWh" [d bW YWj[]eh‡W _dj[hc[# Z_W" Z_ifkjWdZe [d f[dWb[i [b kde W kde Z[b [dYk[djhe$ ;b fh_c[he [d cWhYWh \k[ [b [gk_fe Z[b =kWoWgk_b gk[ Yed kdW Z[bWdj[hW XWijWdj[ Z[Ă’ d_ZW" fkZe bb[]Wh Wb WhYe h_lWb ^WijW be]hWh [b fh_c[h fkdje W ik \Wleh$ ;b [gk_fe Z[b 8eb‡lWh jWcfeYe Z_e jh[]kW W iki h_# lWb[i" be]hWdZe [b [cfWj[ [d [b i[]kdZe j_[cfe" bei c_# dkjei fWiWhed o bW [ceY_ÂŒd Wkc[djÂŒ YkWdZe \k[hed W bei f[dWb[i Z[b YWcf[edWje" Z[`WdZe kd cWhYWZeh Z[ + W kde" \WlehWXb[ W ik [j[hde h_lWb$ LWh_ei [ijkZ_Wdj[i Z[ 8eb‡lWh" l_[hed [b [dYk[djhe Z[iZ[ \k[hW" fk[i feh kdW iWdY_ÂŒd de b[i f[hc_j_[hed [djhWh$
ƒ Ä
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
'(#-.v Ĺ‹ (. ,( #)( &Ĺ‹ )( ( Ĺ‹#'*/(# Ĺ‹ Ĺ‹ )&# v
ĔŊ ěŊ 7cd_ij‡W ?dj[h# i_]k_[hed i_d h[iebl[hi[Ç$ dWY_edWb 7? YedZ[dÂŒ Wo[h bW ;iei YWiei" i[]‘d [b h[bWjeh Æ_cfkd_ZWZÇ Z[ bW Feb_Y‡W Z[ Z[ bW EDK" de i[ [iYbWh[Y_[hed ;YkWZeh [d YWiei Z[ l_ebWY_ÂŒd ÆZ[X_Ze W bW Wki[dY_W Z[ _dl[ij_# Z[ Z[h[Y^ei ^kcWdei$ ]WY_ed[i [n^Wkij_lWi [ _dZ[f[d# BW eh]Wd_pWY_ÂŒd" [d ik _d# Z_[dj[i" Wb Wfeoe o fhej[YY_ÂŒd _d# \ehc[ WdkWb" ikXhWoÂŒ gk[ ^WijW ikĂ’Y_[dj[i W l‡Yj_cWi o j[ij_]ei o (&'& Æi[]k‡Wd i_d h[iebl[hi[ W bei h[jhWiei o bW YehhkfY_ÂŒd [d l_ebWY_ed[i Z[ Z[h[Y^ei ^kcW# [b I_ij[cW Z[ @kij_Y_WÇ$ 7b Ă’dWb Z[ (&'&" fh[Y_iW 7c# dei Yec[j_ZWi feh bWi \k[hpWi Z[ i[]kh_ZWZÇ$ d_ij‡W ?dj[hdWY_edWb" Æ^WX‡W '* I[]‘d [b ZeYkc[dje" Æi[ jkle W][dj[i Z[b =7E Z[j[d_Zei [d dej_Y_W Z[ dk[lWi l_ebWY_ed[i [if[hW Z[ `k_Y_eÇ$ Z[ Z[h[Y^ei ^kcWdei Yec[j_# ZWi feh c_[cXhei Z[b =hkfe Z[ .,(2(¢-ĹŠ"#ĹŠ+ ĹŠ5#1" " 7feoe Ef[hWY_edWb =7E Z[ bW 7 [ije i[ ikcW [b jhWXW`e Z[ bW Feb_Y‡W DWY_edWb" [dYWh]WZe Z[ bW 9ec_i_ÂŒd Z[ bW L[hZWZ Z[ ;YkW# Z[b_dYk[dY_W eh]Wd_pWZWÇ$ Zeh" [dYWh]WZW Z[ _dl[ij_]Wh bei ;b ]hkfe Z[ ƒb_j[ Z[ bW WXkiei Z[ Z[h[Y^ei ^k# Feb_Y‡W Æ^W [ijWZe h[bW# ĹŠ cWdei eYkhh_Zei Z[ '/.* W (&&." gk[ fkXb_YÂŒ [d Y_edWZe Yed Z[Y[dWi Z[ YWiei Z[ jehjkhW o ejhei `kd_e ik _d\ehc[ Ă’dWb$ ;d [i[ _d\ehc[" i[]‘d 7?" i[ cWbei jhWjei o Yed fei_Xb[ +ĹŠ -$.1,#ĹŠÄ‰Ä‡ÄˆÄˆĹŠ "#ĹŠ ,-(23~ ĹŠ [`[YkY_ed[i [njhW`kZ_Y_W# -3#1- !(.- +Ä–ĹŠ +ĹŠ ZeYkc[djÂŒ ''. YWiei gk[ b[i" Z[iZ[ ik Yh[WY_ÂŒd [d #23 ".ĹŠ"#ĹŠ+.2ĹŠ "#1#!'.2ĹŠ'4, Äą W\[YjWXWd W *+, l‡Yj_cWi -.2ĹŠ#-ĹŠ#+ĹŠ,4-".ĹŠ Z[ Z[j[dY_ÂŒd WhX_jhWh_W" '//,Ç" h[cWhYÂŒ 7?$ 1! ĹŠ#+ĹŠ/#1(.Äą ".ĹŠ#-31#ĹŠ#-#1.ĹŠ8ĹŠ jehjkhW" l_eb[dY_W i[nkWb" "(!(#, 1#ĹŠ"#ĹŠ Z[iWfWh_Y_ÂŒd \ehpWZW o ^e# #3 ++#2 ĉćĈćē ;b _d\ehc[ Z[ bW eh]W# c_Y_Z_e$ ÆBW Feb_Y‡W [ijWXW _cfb_YWZW [d bW cWoeh‡W Z[ d_pWY_ÂŒd gk[ l[bW feh [b Ykcfb_c_[dje Z[ bei Z[h[Y^ei [ijei Z[b_jeiÇ" Wfeij_bbÂŒ bW eh]W# ^kcWdei [d jeZe [b ckdZe jWc# d_pWY_ÂŒd$ Ejhe Wikdje gk[ _dgk_[jW W 7?" X_ƒd ^WY[ h[\[h[dY_W W bWi fh[# eYkfWY_ed[i gk[ [b h[bWjeh [i# i[]‘d [b _d\ehc[" [i gk[ [d (&'& f[Y_Wb Z[ DWY_ed[i Kd_ZWi fWhW [d ;YkWZeh Æi[ fh[i[djWhed YWh# bWi [`[YkY_ed[i [njhW`kZ_Y_Wb[i" ]ei f[dWb[i \Wbiei YedjhW Z[\[d# ikcWh_Wi e WhX_jhWh_Wi" F^_b_f ieh[i Z[ bei Z[h[Y^ei ^kcWdei" 7bijed" [c_j_ÂŒ ieXh[ ;YkWZeh [d _dYbk_Zei Z_h_][dj[i _dZ‡][dWiÇ$ `kb_e Z[ (&'&$ :[ WYk[hZe Yed bW _d\ehcWY_ÂŒd 7b h[\[h_hi[ W bWi [`[YkY_ed[i h[YWXWZW feh bW ED=" i[ \eh# [njhW`kZ_Y_Wb[i" 7bijed cWd_\[i# ckbWhed ÆYWh]ei Z[ iWXejW`[ o jÂŒ ik fh[eYkfWY_ÂŒd fehgk[ [d j[hheh_iceÇ YedjhW [iei WYj_l_i# ;YkWZeh ÆbW _dc[diW cWoeh‡W Z[ jWi" [d kd _dj[dje Z[ Æi_b[dY_Wh bei fh[ikdjei ^ec_Y_Z_ei" _dYbk_# ik efei_Y_ÂŒd W bWi feb‡j_YWi Z[b Zei bei Yec[j_Zei feh bW Feb_Y‡W" =eX_[hdeÇ$
ēŊ Ŋ1# #+(¢-Ŋ/.+(!( +Ŋ"#+ŊĊćĹ Ŋ3 , (_-Ŋ$4#Ŋ#234"( " Ŋ/.1Ŋ ,-(23~ Ŋ -3#1- !(.- +ē
ŋ0 ŋ" # ŋ/( ŋ , -.,/ ./, #š(ŋŋ ēŊ $ #+Ŋ .11# Ŋ"(.Ŋ Ŋ!.-.!#1Ŋ+.2Ŋ-., 1#2Ŋ"#Ŋ31#2Ŋ-4#5.2Ŋ,(#, 1.2Ŋ"#Ŋ24Ŋ% (-#3#ē
-ĹŠ24ĹŠĂŒ+3(,.ĹŠ !3.ĹŠ.ă!( +ĔŊ#+ĹŠ,(-(231.ĹŠ "#+ĹŠ -3#1(.1ĔŊ +$1#".ĹŠ #1 ĔŊ242!1( (¢Ŋ 4-ĹŠ!.-5#-(.ĹŠ"#ĹŠ5(5(#-" Ä“ ;b fh[i_Z[dj[ Z[ bW H[f‘Xb_YW" HW\W[b 9ehh[W" _di_ij_ÂŒ [d bW l_Yjeh_W Z[b I‡ [d bW YedikbjW fefkbWh o Z_e W YedeY[h bei YWcX_ei gk[ i[ ZWh|d [d ik =WX_d[j[$ 9ed bW h[dkdY_W Z[ 7b\h[Ze L[hW Yece C_d_ijhe Z[b ?dj[h_eh [b YWh]e be Wikc_# h| @eiƒ I[hhWde" WYjkWb c_d_i# jhe Z[ @kij_Y_W$ ;b YWh]e Z[ I[hhWde i[h| eYkfWZe feh @e^WdW F[i|dj[p" gk_[d \k[ ik Wi[iehW" WdkdY_ÂŒ 9ehh[W" o IjWb_d L[hW i[h| Z[# YbWhWZe C_d_ijhe Z[ 7]h_Ykb# jkhW" c_[djhWi gk[ C_]k[b 9WhlW`Wb" WYjkWb i[Yh[jWh_e Z[ [iW YWhj[hW" i[h| L_Y[c_d_ijhe Z[ :[iWhhebbe HkhWb$ ;b Fh_c[h CWdZWjWh_e de YedĂ’hcÂŒ kdW \[Y^W fWhW bb[# lWh W YWXe bei YWcX_ei" gk[ ikY[Z[d ZkhWdj[ [b h[Yk[dje Z[ bei lejei Z[ bW YedikbjW fe# fkbWh" [d bW gk[ bei h[ikbjWZei de i[ Z_[hed Yed [b cWh][d WdkdY_WZe lWh_Wi l[Y[i feh [b Hƒ]_c[d$ 7Z[c|i" Yece l[dY[Zeh WkjefheYbWcWZe" [b @[\[ Z[ ;ijWZe Z_e W YedeY[h gk[ i[ Z[X[h|d _d_Y_Wh bWi h[\ehcWi YkWdje Wdj[i o gk[" Z[ de WYW# jWh [b cWdZWje Z[b fk[Xbe" bei b[]_ibWZeh[i i[h|d Z[ij_jk_Zei
-Ŋ%14/.Ŋ"#Ŋ%#-3#Ŋ2#Ŋ '(9.Ŋ#!.Ŋ"#Ŋ! " Ŋ4- Ŋ "#Ŋ+ 2Ŋ"# (+(" "#2Ŋ 04#Ŋ3#-#,.2Ŋ +Ŋ(-3#1-.Ŋ8Ŋ 04#Ŋ2.-Ŋ#5("#-3#2Ģē Ŋ
} ĹŠ ĹŠ
(1 " ĹŠ(-3#1-
C_[djhWi gk[ lWh_ei b[]_ibWZe# h[i Z[ 7b_WdpW F7?I WY[fjWd bW d[Y[i_ZWZ Z[ ^WY[h kd Wd|b_i_i h[Ă“[n_le Z[ be ikY[Z_Ze" [b Fh[# i_Z[dj[ d[]ÂŒ gk[ ^WoW fheXb[# cWi" c|i Wbb| Z[ bei dehcWb[i" Wb _dj[h_eh Z[ ik cel_c_[dje$ 9ehh[W WYbWhÂŒ gk[ bei YWcX_ei [d ik =WX_d[j[ de j_[d[d h[bWY_ÂŒd Yed bei h[ikbjWZei Z[ bW YedikbjW" feijkhW gk[ \k[ hWj_Ă’YWZW feh @kWd 9Whbei 9Wii_d[bb_" YeehZ_dW# Zeh Z[b Xbegk[ b[]_ibWj_le eĂ’Y_W# b_ijW" gk_[d [nfb_YÂŒ gk[ bei YWc# X_ei oW i[ l[d‡Wd fh[fWhWdZe$ ÆLWcei W h[\ehpWh Wb [gk_# fe fWhW bW h[[ijhkYjkhWY_ÂŒdÇ" ikXhWoÂŒ [b @[\[ Z[ ;ijWZe Wb Wi[]khWh gk[ Wf[dWi [ijƒd bei h[ikbjWZei e\_Y_Wb[i" _d_Y_Wh| Wgk[b fheY[ie [d [b YkWb [b fk[# Xbe [YkWjeh_Wde Æl[h| ckY^ei YWcX_ei [d Yehje fbWpe o YWc# X_ei ^_ijÂŒh_YeiÇ$ Feh ik fWhj[" CWe Ceh[de F7?I [nfh[iÂŒ gk[ Ækd ]hkfe
#!!(.-#2Ŋ"#Ŋ+ Ŋ !.-24+3 ŊŊ 1~ Ŋ 4+ Ŋ .,.ĔŊ#7(-3#%1 -3#Ŋ ŗ"#Ŋ Ŋ8Ŋ,(+(3 -3#Ŋ"#+Ŋ%14/.Ŋ 4/Ĺ
341 Ŋ"#Ŋ+.2ŊĉĎĔŊ"().Ŋ04#Ŋ#+Ŋ/1#2("#-3#Ŋ $ #+Ŋ .11# Ŋ3(#-#Ŋ04#Ŋ" 12#Ŋ!4#-3 Ŋ "#Ŋ04#Ŋ' 8Ŋ4-Ŋ,#-2 )#Ŋ04#Ŋ+#Ŋ#23;-Ŋ " -".Ŋ"#2"#Ŋ#2 2Ŋ/1.5(-!( 2Ŋ#-Ŋ+ 2Ŋ 04#Ŋ% -¢Ŋ+ Ŋ3#2(2Ŋ"#+Ŋ .ē
ĹŠ+#!341 ĹŠ"#ĹŠ+ 2ĹŠ#+#!!(.-#2ĹŠĂŒ+3(, 2ĹŠ -.2ĹŠ"#) -ĹŠ4- ĹŠ+#!!(¢-ĔŊ, -($#23¢Ŋ (3.ĹŠ (+3.-ĹŠ #-".9 Ŋĸ 1( -ĚŊ(-"(Äą ! -".ĹŠ04#ĹŠ#+ĹŠ/4# +.ĹŠ+#ĹŠ' ĹŠ/#"(".ĹŠ +ĹŠ 1#2("#-3#ĹŠ04#ĹŠ1#!3(ă04#ĹŠ8ĹŠ2#-3#-Äą !(¢Ŋ04#ĔŊ2(ĹŠ-.ĹŠ+.ĹŠ' !#ĔŊ#+ĹŠ/4# +.ĹŠ2#1;ĹŠ ,;2ĹŠ2#5#1.Ä“ ÄĄ ĹŠ .-23(348#-3#ĹŠ+ ĹŠ /1. 1.-ĹŠ!.-ĹŠ #+ĹŠÄ‘Ä‡Ĺ˜Ä”ĹŠ+ ĹŠ .-23(34!(¢-ĹŠ!.-ĹŠ#+ĹŠÄ?Ä‡Ĺ˜ĹŠ 8ĹŠ '.1 ĹŠ+ ĹŠ!.-24+3 ĹŠ!.-ĹŠ#+ĹŠÄŒÄ‡Ĺ˜Ä”ĹŠ .) +;ĹŠ04#ĹŠ .11# ĹŠ1#Ä„#7(.-#ĢĔŊ %1#%¢Ŋ
#.- 1".Ŋ (3#1(Ŋĸ ĚĔŊ04(#-Ŋ$1#-3#Ŋ Ŋ +.2Ŋ! , (.2Ŋ"#Ŋ% (-#3#Ŋ"().Ŋ04#Ŋĥ#+Ŋ . (#1-.Ŋ-.Ŋ3(#-#Ŋ#04(/.Ŋ8Ŋ04#Ŋ2.+.Ŋ +.2Ŋ1#!(!+ -Ģē +Ŋ/1#2("#-3#Ŋ $ #+Ŋ .11# ĔŊ"#Ŋ 24Ŋ/ 13#Ŋ"().Ŋ04#Ŋ#+Ŋ1#$#1#-".Ŋ"#+Ŋ / 2 ".Ŋ2; ".Ŋ"#)¢Ŋ$#+(9Ŋ +Ŋ%. (#1-.Ŋ ĥ/.104#Ŋ345(,.2Ŋ4- Ŋ!+ 1 Ŋ5(!3.1( Ŋ #+#!3.1 +ĔŊ8Ŋ+ Ŋ./.2(!(¢-Ŋ3 , (_-Ŋ #23;Ŋ$#+(9Ŋ/.104#Ŋ#2/#1 Ŋ/#1"#1Ŋ /.1Ŋ,;2Ģē
Z[ ][dj[ i[ ^_pe [Ye Z[ YWZW kdW Z[ bWi Z[X_b_ZWZ[i gk[ j[d[cei Wb _dj[hde o gk[ ied [l_Z[dj[iÇ o W]h[]ÂŒ gk[ kdW Z[fkhWY_ÂŒd lW W WokZWh W Wikc_h bei fheY[iei Z[ YWcX_e$
#-Ĺ‹" ,# )-Ĺ‹*),Ĺ‹* & /, (. Ĺ‹ - ,/.#(#)-
ƒ Ă
Ĺ? Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
.+(!~ 2ĹŠ8ĹŠ,(+(3 Äą 1#2ĹŠ345(#1.-ĹŠ04#ĹŠ (-3#15#-(1ĹŠ/ 1 ĹŠ #5(3 1ĹŠ04#ĹŠ+ ĹŠ%1#2Äą ! ĹŠ2# ĹŠ, 8.1Ä“ĹŠ
Z[h_lWhed [d WjWgk[i Yed fWbei" f_[ZhWi" Xej[bbWi o ejhei eX`[jei YedjkdZ[dj[i$ FWhW [l_jWh gk[ bei [d\h[d# jWc_[djei h[YhkZ[pYWd c|i" bW Feb_Y‡W kiÂŒ ]Wi[i bWYh_cÂŒ][dei o f_c_[djW fWhW Z_if[hiWh W bei h[lebjeiei Z[ WcXei ]hkfei$ ;d bWi WYY_ed[i fWhW h[jecWh [b eh# Ŋš Bei [d\h[djWc_[djei Z[d jWcX_ƒd fWhj_Y_fWhed c_[c# gk[ i[ h[]_ijhWhed Wo[h [djh[ bWi Xhei Z[ bWi <<$77$ XWhhWi Z[b eĂ’Y_Wb_ice o bW efe# :[ifkƒi Z[ bW XhedYW" bei kd_# i_Y_ÂŒd Z[`Whed Yece iWbZe \ehcWZei h[ZeXbWhed bW i[_i ^[h_Zei [d bei [nj[# ĹŠ i[]kh_ZWZ$ ;djh[ jWdje" bei ^[h_Zei \k[hed Wj[d# h_eh[i Z[b 9edi[`e DWY_e# dWb ;b[YjehWb Z[b =kWoWi -31#ĹŠ+.2ĹŠ'#1(".2ĹŠ Z_Zei feh c_[cXhei Z[ bW 9D;#= " ZedZ[ i[ Yk[d# ' 8ĹŠ".2ĹŠ"#ĹŠ 9hkp He`W ;YkWjeh_WdW$ "#1 ĹŠ"#ĹŠ jWd bei lejei Z[ bW YedikbjW 4#11#1.ĹŠ8ĹŠ!4 31.ĹŠ "#ĹŠ +( -9 ĹŠ Ä“ #12(.-#2 Z[b - Z[ cWoe$ Bei fheXb[cWi i[ h[]_i# Bei eĂ’Y_Wb_ijWi Wi[]khW# jhWhed Z[iZ[ bWi &/0&&" YkWdZe hed gk[ bei _dY_Z[dj[i [cf[pW# i_cfWj_pWdj[i Z[ 7b_WdpW F7?I o hed YkWdZe bei h[fh[i[djWdj[i h[fh[i[djWdj[i Z[ fWhj_Zei Yece Z[ bW efei_Y_ÂŒd _dj[djWhed _d]h[# [b Cel_c_[dje Fefk# iWh Wb h[Y_dje [b[YjehWb [d kdW cWhY^W$ bWh :[ceYh|j_Ye CF: o CWZ[hW Z[ =k[hh[he ;b ]eX[hdWZeh Z[b ĹŠ 242/#-2 2ĹŠ/.1ĹŠ =kWoWi" HeX[hje 9k[he C= " [djh[ ejhei" _d_Y_W# (-!.-2(23#-!( 2ĹŠ hed kdW XWjWbbW Z[ _dikb# -4,_1(! 2ĹŠ' 8ĹŠ#-ĹŠ F7?I " ceijhÂŒ kd j_gk[# 4 8 2Ä“ jei o ]h_jei$ j[ Yed [b gk[ [b WbYWbZ[ Z[ 7b YWXe Z[ kdei c_# =kWoWgk_b" @W_c[ D[Xej" dkjei" bWi fheleYWY_ed[i [ _dikb# ikfk[ijWc[dj[ eXb_]ÂŒ W bei Ye# jei gk[ i[ [c_j‡Wd Z[ bWZe o bWZe c[hY_Wdj[i Z[ bW 8W^‡W W ikcWh#
ÄŠÄ“Ä?ććŊ
ēŊ .-Ŋ/ +.2ĔŊ/(#"1 2Ŋ8Ŋ .3#++ 2Ŋ2#Ŋ#-$1#-3 1.-Ŋ"#$#-2.1#2Ŋ8Ŋ"#31 !3.1#2Ŋ "#Ŋ+ Ŋ!.-24+3 ē
# "#( " Ĺ‹ )'*& .šŋ-)&)Ĺ‹ &Ĺ‹Ă˝Ä€Ä…Ä ÄżĹ‹ &Ĺ‹ - ,/.#(#) >WijW Wo[h W bWi '-0)& [b Yedj[e Z[ lejei Z[ bW YedikbjW fefkbWh iebe bb[]ÂŒ Wb ),"- [d F_Y^_d# Y^W" ZedZ[ [b fheY[ie _dYbkie i[ Z_l_Z_ÂŒ [d Zei fWhW [iYbW# h[Y[h bWi Æ_dYedi_ij[dY_Wi dk# cƒh_YWiÇ [d Wfhen_cWZWc[dj[ )$,&& WYjWi$ FWhW [iYhkjWh ,&& Z[ [ijWi WYjWi i[ jkle gk[ YWfWY_jWh [d iebe kdW ^ehW W (+& [ijkZ_Wdj[i Z[b Yeb[]_e Bk_i DWfeb[ÂŒd :_bbed Z[ Gk_je" BW c_i_ÂŒd Z[ bei `ÂŒl[# d[i [hW [dYedjhWh bWi Æ_dYedi_i# j[dY_Wi _dikXiWdWXb[iÇ [d bei h[# ikbjWZei Z[ * W '& fh[]kdjWi Z[b h[\[h[dZe gk[ i[ lejÂŒ [b fWiWZe - Z[ cWoe$ ;ijW jWh[W bW [\[YjkWhed [d '+& c[iWi$ Fh[l_Wc[dj[" kd ef[hWj_le f[hc_j_ÂŒ [b jhWibWZe Z[b cWj[h_Wb [b[YjehWb Z[iZ[ bWi XeZ[]Wi Z[ bW :_h[YY_ÂŒd Fhel_dY_Wb Z[ F_# Y^_dY^W :FF ^WijW [b Yeb[]_e :_bbed$ ;d jejWb" Yed [b jhWXW`e Z[ ejhWi .& c[iWi gk[ Yedj_dkW# hed \kdY_edWdZe [d [b fhef_e
[Z_\_Y_e Z[ bW :FF" ^WijW bWi '-0)& i[ Yecfb[jΠ[b ),"- Z[b [iYhkj_d_e" Wi[]khΠbW fh[i_# Z[djW Z[b eh]Wd_ice =WXh_[bW CWbe$ # !!(.-#2
FWjh_Y_e 9Whh_ÂŒd" Z[ bW Z_h[Yj_# lW Z[b cel_c_[dje e\_Y_Wb_ijW 7b_WdpW F7?I [d F_Y^_dY^W" [n# fh[iÂŒ ik iWj_i\WYY_ÂŒd Yed bW Wc# fb_WY_ÂŒd Z[b h[Yedj[e$ >[dho BbWd[i" Z[b fWhj_Ze ?p# gk_[hZW :[ceYh|j_YW" ieijkle gk[ Yed [ijW Z[Y_i_ÂŒd bWi Wkje# h_ZWZ[i [b[YjehWb[i ‘d_YWc[dj[ Yed\_hcWd gk[ ^Wd Z[Y_Z_Ze iWYh_Ă’YWh bW jhWdifWh[dY_W fWhW ÆWY[b[hWhÇ [b fheY[ie Yed kd ÆYedj[e Wfh[ikhWZeÇ$ ;b Z_h_][dj[ Z[b CF:" 9_he =kpc|d" WdkdY_ÂŒ gk[ [d bWi fhÂŒn_cWi ^ehWi ieb_Y_jWh| \eh# cWbc[dj[ Wb 9edi[`e DWY_edWb ;b[YjehWb bei Y[hj_\_YWZei Z[ Æ^k[bbW Z_]_jWbÇ e h[]_ijhei Z[ YWcX_ei o WYjkWb_pWY_ed[i Z[ iki i_ij[cWi Z[ YÂŒcfkje$
".2ĹŠ#-ĹŠ24ĹŠ, 8.1~ ĹŠ/.1ĹŠ"#+#% ".2ĹŠ"#+ĹŠ ,.5(,(#-3.ĹŠ.ă!( +(23 ĹŠ +( -9 ĹŠ Ä“ĹŠ 23.ĹŠ%#-#1¢Ŋ, +#23 1ĹŠ#-ĹŠ1#/1#2#-3 -Äą 3#2ĹŠ"#ĹŠ+.2ĹŠ/ 13(".2ĹŠ"#ĹŠ./.2(!(¢-Ä“ 3 2' ĹŠ .) 2ĔŊ"(1(%#-3#ĹŠ"#+ĹŠ .5(Äą ,(#-3.ĹŠ ./4+ 1ĹŠ #,.!1;3(!.Ŋĸ ĚĔŊ 04(#-ĹŠ#2345.ĹŠ ++~ĹŠ)4-3.ĹŠ ŊĎćŊ"#+#% ".2ĔŊ "#-4-!(¢Ŋ+ ĹŠ/1#2#-!( ĹŠ"#ĹŠ$4-!(.- 1(.2ĹŠ "#ĹŠ(-23(34!(.-#2ĹŠ!.,.ĹŠ+ ĹŠ #!1#3 1~ ĹŠ"#+ĹŠ %4 ĔŊ 4-(!(/(.ĹŠ"#ĹŠ 4(3.ĔŊ 2 , +# ĹŠ !(.- +ĔŊ#-31#ĹŠ.31.2Ä“
>WijW [b fhÂŒn_ce Zec_d]e i[ [i# f[hW j[hc_dWh Yed [b [iYhkj_d_e Z[ bWi Wbh[Z[Zeh Z[ )$&&& WYjWi ikif[diWi Z[ F_Y^_dY^W$ <Wkije 9WcWY^e" Yedi[`[he Z[b 9D; _d# \ehcÂŒ gk[ Wo[h [ijWXW fh[l_ije j[hc_dWh Yed [b Yedj[e Z[ /&& WYjWi" ,&& [d [b Yeb_i[e Z[b 9eb[# ]_e Bk_i DWfeb[ÂŒd :_bbed o )&& [d bW Z[b[]WY_ÂŒd fhel_dY_Wb$ BW c[jW [i [iYhkjWh Æ/&& WYjWi Z_Wh_WiÇ" Z_`e [b \kdY_edW# h_e o [nfb_YÂŒ gk[ bWi WYjWi Yed _dYedi_ij[dY_Wi f[hj[d[Y[d W bWi fWhhegk_Wi CW]ZWb[dW" 9^Wkf_Yhkp" 9^_bbe]Wbbe o IWd# jW Fh_iYW$
2#ĹŠ#2!143¢Ŋ#+ĹŠÄŒÄˆĹ˜ĹŠ"#ĹŠ+.2ĹŠ5.3.2ĹŠ#-ĹŠ 4 8 2Ä“ 1#""8ĹŠ 1#1 ĔŊ/1#2("#-3#ĹŠ"#ĹŠ+ ĹŠ "#+#% !(¢-ĹŠ/1.5(-!( +ĔŊ#7/+(!¢Ŋ04#ĹŠ#+ĹŠ !.-3#.ĹŠ5.3.ĹŠ ĹŠ5.3.ĹŠ2#ĹŠ !#+#1¢Ŋ/.1ĹŠ#+ĹŠ (-!1#,#-3.ĹŠ"#ĹŠ,#2 2ĹŠ"#ĹŠ1#5(2(¢-Ä“ 23.ĹŠ2#ĹŠ!.,/1. ¢Ŋ' 23 ĹŠ#-ĹŠ+ ĹŠ / 13#ĹŠ#73#1- ĹŠ"#+ĹŠ#"(ă!(.ĔŊ".-"#ĹŠ 2#ĹŠ4 (! 1.-ĹŠÄ?ćŊ,¢"4+.2ĹŠ04#ĹŠ2#ĹŠ 24, 1.-ĹŠ ĹŠ+.2ĹŠÄ?Ä?ĹŠ04#ĹŠ8 ĹŠ#23 -ĹŠ $4-!(.- -".ĹŠ#-ĹŠ#+ĹŠ(-3#1(.1ĹŠ"#+ĹŠ +¢-ĹŠ "#ĹŠ+ ĹŠ #,.!1 !( Ä“ 1#1 ĹŠ#23(,¢Ŋ04#ĹŠ2(ĹŠ+ 2ĹŠ!.2 2ĹŠ2(Äą %4#-ĹŠ$4-!(.- -".ĹŠ (#-ĔŊ+.2ĹŠ1#24+3 ".2ĹŠ "#+ĹŠ 4 8 2ĹŠ#23 1~ -ĹŠ+(23.2ĹŠ#+ĹŠ/1¢7(,.ĹŠ , 13#2Ä“
i[ W bW fhej[ijW$ BW WiWcXb[‡ijW 9odj^_W L_j[h_ C= " [d YWcX_e" YkbfÂŒ W bei eĂ’# Y_Wb_ijWi Z[ W]h[Z_h W iki Ye_Z[W# h_ei gk[ gk[h‡Wd [djhWh Wb 9D;# = [d YWb_ZWZ Z[ l[[Zeh[i$ 7dZhƒi HeY^[ C= jWc# X_ƒd Yk[ij_edÂŒ bW fh[i[dY_W Z[b _dj[dZ[dj[ Z[ feb_Y‡W @kb_e Gk_# ‹Œd[p [djh[ bei c_b_jWdj[i Z[ 7b_WdpW F7?I$
)(ŋ'6-ŋ ŋ ĴÝēÿúúĄúúúŋ- ŋ *,)') #)(šŋ &ŋ vŋ
4#23(.- ,(#-3.2 Ĺ—ĹŠĹŠ .2ĹŠ%1 "#1~.2ĹŠ"#+ĹŠ!.+(2#.ĹŠ"#+ĹŠ!.+#%(.ĹŠ
4(2Ŋ /.+#¢-Ŋ (++.-Ŋ#2345(#1.-Ŋ!./ Ĺ
2/#1 ĹŠ' 23 ĹŠ#+ĹŠ".,(-%.
5 -!#Ŋ"#+Ŋ!.-3#. ŊŊ #2#Ŋ Ŋ+.2Ŋ(-!("#-3#2ĔŊ#+Ŋ!.-3#.Ŋ ŗ"#Ŋ5.3.2Ŋ-.Ŋ2#Ŋ/ 1 +(9¢Ŋ8Ŋ' 23 Ŋ 8#1Ŋ
Ä“ĹŠ (+(3 1#2ĹŠ31 2+ " 1.-ĹŠÄ?ććŊ ! ) 2ĹŠ' !( ĹŠ#+ĹŠ .+#%(.ĹŠ (++.-
1;,(3#ĹŠ
9WcWY^e [nfb_YŒ gk[ kdW l[p gk[ YedYbkoW [b h[Yedj[e Z[ bei lejei Z[ YWZW `kdjW i[ fheZkY_h| kdW WYjW gk[ h[Ye][h| bei h[ikb# jWZei o [ijei i[h|d i[bbWZei o [dl_WZei Yed c[Z_ZWi Z[ i[]k# h_ZWZ ^WY_W [b Y[djhe Z[ YŒcfkje Z[ bW ::F" Z[iZ[ ZedZ[ i[ ikX_# h|d bei ZWjei Wb i_ij[cW _d\ehc|# j_Ye Z[ [iYhkj_d_e Z[b 9D;$ 9ed h[if[Yje Wb fehY[djW`[ Z[ WYjWi ikif[diWi f[dZ_[dj[i" 9W# cWY^e" _dZ_YŒ i[ ^W h[l_iWZe oW kd +& $
:khWdj[ bW YWcfW‹W [b[YjehWb Z[ bW YedikbjW fefkbWh h[Wb_pWZW [b fW# iWZe - Z[ cWoe" bWi eh]Wd_pWY_ed[i ieY_Wb[i gk[ fhecel‡Wd [b I‡ ^W# Xh‡Wd Z[ij_dWZe 'É+)*$,&("*( ZÂŒbW# h[i fWhW bW Z_\ki_ÂŒd Z[ ifeji j[b[l_# i_lei" bW Y_\hW ikf[hW [d )(&$.)&"+' ZÂŒbWh[i W bei WYjeh[i gk[ _cfkbiW# hed [b De" fk[ije gk[ [bbei Z[ij_dW# hed 'É(')$--'$/' ZÂŒbWh[i$ BWi Y_\hWi \k[hed fh[i[djWZWi Wo[h feh FWhj_Y_fWY_ÂŒd 9_kZWZW# dW F9 " bk[]e Z[ ^WX[h fheY[# iWZe bW _d\ehcWY_ÂŒd eXj[d_ZW Z[b ced_jeh[e gk[ h[Wb_pÂŒ Z[iZ[ [b (, Z[ cWhpe Wb * Z[ cWoe [d dk[l[ YWdWb[i Z[ j[b[l_i_ÂŒd Z[ YeX[hjkhW dWY_edWb$ I[]‘d [b _d\ehc[" '& eh]W# d_pWY_ed[i gk[ _cfkbiWXWd bW j[i_i Z[b I‡ ^WXh‡Wd Z[ij_dWZe 'É+)*$,&("*( ZÂŒbWh[i fWhW bW Z_# \ki_ÂŒd Z[ '$(&' c[diW`[i j[b[l_# i_lei$ ;d jWdje" fWhW [b De ^kXe '/ fWhj_Y_fWdj[i" gk_[d[i [djh[ i‡ ikcWhed ($/.. WdkdY_ei" be YkWb i_]d_\_YÂŒ bW _dl[hi_ÂŒd Z[ 'É(')$--'$/' ZÂŒbWh[i$
/,. )ŋ , ( #,6ŋ 0 ,-#š(ŋ*),ŋ #%#& %-
ēŊ 4#%.Ŋ"#Ŋ4-Ŋ/1.!#2.Ŋ04#Ŋ"41¢Ŋ5 1( 2Ŋ2#, - 2ĔŊ+.2Ŋ1#/1#2#-3 -3#2Ŋ"#Ŋ+ Ŋ)423(!( Ŋ-.Ŋ$4#1.-Ŋ!#-241 ".2Ŋ#-Ŋ + Ŋ 2 , +# Ŋ !(.- +ē
) # ,()Ĺ‹3 Ĺ‹'#, Ĺ‹ " # Ĺ‹& Ĺ‹., (-# #š(Ĺ‹ &Ĺ‹ ) ,Ĺ‹ / # # & -ĹŠ+ ĹŠ 2 , +# ĹŠ !(.- +ĹŠ$1 ! 2¢Ŋ#+ĹŠ )4(!(.ĹŠ/.+~3(!.ĹŠ!.-31 ĹŠ+.2ĹŠ,(#, 1.2ĹŠ"#+ĹŠ !34 +ĹŠ .-2#).ĹŠ"#ĹŠ+ ĹŠ 4"(! 341 Ä“ĹŠ 7kdgk[ bei h[ikbjWZei Z[ bW Yed# ikbjW fefkbWh gk[ i[ lejÂŒ [b - Z[ cWoe W‘d de ied eĂ’Y_Wb[i" [b fh[# i_Z[dj[ HW\W[b 9ehh[W _d\ehcÂŒ Wo[h gk[ [b Z_h[Yjeh DWY_edWb Z[b H[]_ijhe 9_l_b" FWkbe HeZh‡]k[p" i[h| [b h[fh[i[djWdj[ Z[b ;`[Yk# j_le fWhW bW 9ec_i_ÂŒd Jh_fWhj_jW gk[ _cfkbiWh| bW h[[ijhkYjkhW# Y_ÂŒd Z[b I_ij[cW Z[ @kij_Y_W$ 9ed [ije" 9ehh[W Z[`ÂŒ YbWhe gk[ oW iebe \WbjWh‡Wd Zei Z[ bei jh[i c_[cXhei gk[ j[dZh| bW 9ec_i_ÂŒd Yed\ehcWZW feh h[# fh[i[djWdj[i Z[b ;`[Ykj_le" B[# ]_ibWj_le o kde Z[ bW <kdY_ÂŒd Z[ JhWdifWh[dY_W o 9edjheb IeY_Wb$ :_Y^W Yec_i_ÂŒd Wikc_h|" ZkhWd# j[ '. c[i[i" bWi \kdY_ed[i Z[b WY# jkWb 9edi[`e Z[ bW @kZ_YWjkhW$
4(!(.Ŋ2#Ŋ! 8¢
;b WdkdY_e Z[ 9ehh[W i[ Z_e `ki# je YkWdZe [b `k_Y_e feb‡j_Ye W bei leYWb[i Z[b 9edi[`e Z[ bW @kZ_YW# jkhW 9@ " fbWdj[WZe feh CWkhe 7dZ_de F7?I bb[]ÂŒ W ik Ă’d Z[i# fkƒi Z[ eY^e `ehdWZWi Z[ jhWXW# `e" f[he bW ceY_ÂŒd Z[ Y[dikhW o Z[ij_jkY_ÂŒd de \k[hed WY[fjWZWi feh [b fb[de Z[ bW 7iWcXb[W$
7dZ_de fbWdj[ÂŒ dk[l[ ce# Y_ed[i" kdW feh YWZW leYWb" 8[d# `Wc‡d 9[lWbbei" CWhYe Jkb_e 9ehZ[he" EimWbZe :ec‡d]k[p" >[hd|d @WhWc_bbe" âiYWh B[ÂŒd" Kbf_Wde IWbWpWh" >ec[he J_deYe" @eh][ LWYW o =[hc|d L|igk[p" f[he d_d]kdW WbYWdpÂŒ bei .) lejei d[Y[iWh_ei" bb[]WdZe W kd fhec[# Z_e Z[ +- [d jeZWi bWi lejWY_ed[i$ F[i[ W gk[ bW efei_Y_ÂŒd i[ WXi# jkle" lejÂŒ [d YedjhW e [d XbWdYe" bei jh[i leYWb[i Yed c|i lejei W \Wleh Z[ bW Z[ij_jkY_ÂŒd \k[hed L|igk[p" IWbWpWh" LWYW o 9[lW# bbei" h[if[Yj_lWc[dj[$ +ĹŠ"# 3#
Bei Z_iYkhiei jWdje Z[b eĂ’Y_Wb_i# ce o bW efei_Y_ÂŒd" feYe jkl_[hed gk[ l[h Yed [b `k_Y_e feb‡j_Ye" [d# \eY|dZei[ c|i [d [b h[ikbjWZe Z[ bW YedikbjW" c_[djhWi bei c_[c# Xhei Z[ 7b_WdpW F7?I hWj_Ă’YWXWd bW l_Yjeh_W Z[b I‡ o iWbkZWXWd [b jhWXW`e Z[ 7dZ_de" bei Z[c|i Xbegk[i [d\Wj_pWhed gk[ , Z[ YWZW '& [YkWjeh_Wdei de WfeoW Wb hƒ]_c[d$ HWc_he J[h|d CF: Z[dkd# Y_ÂŒ gk[ [b _dj[hƒi Z[ bei eĂ’Y_W#
b_ijWi [d [b `k_Y_e i[ Z[X‡W W gk[ j[d‡Wd \Wc_b_Wh[i [d bW <kdY_ÂŒd @kZ_Y_Wb" i[‹WbWdZe W =_dW =eZeo" e `k_Y_ei f[d# Z_[dj[i$ 7b h[if[Yje 9ƒiWh HeZh‡]k[p F7?I Z_`e gk[ Æbei ^ecXh[i Z[ X_[d gk[ de j[d[cei hWXe Z[ fW`W" feZ[# cei WY[hYWhdei W YkWbgk_[h \k[]eÇ$ 4#13#ĹŠ!149 "
Bei b[]_ibWZeh[i gk[ de Wfe# oWd bW j[i_i Z[b =eX_[hde Ye_dY_Z_[hed Yed <[hdWdZe =edp|b[p C?D " [nc_b_jWdj[ Z[ F7?I" gk_[d h[jÂŒ Wb fh[# i_Z[dj[ HW\W[b 9ehh[W" W gk[ Yedlegk[ W kdW ck[hj[ Yhk# pWZW" ieij[d_[dZe gk[ de bei feZh|d Wc[Zh[djWh Z[ [iW \ehcW$ ;b b[]_ibWZeh" WZ[c|i" ik# XhWoÂŒ gk[ i[ gk_[h[ `kp]Wh Wb 9@ feh jh|Ă’Ye Z[ _dĂ“k[dY_Wi$ 7Z[c|i fh[]kdjÂŒ YÂŒce i[ gk_[h[ c[`ehWh bW `kij_Y_W Æi_ j_[d[d [b YWie Z[b Yec[Y^[# gk[i o Z[ <WXh_Y_e 9ehh[WÇ$ =WijÂŒd =W]b_WhZe F7?I bWc[djÂŒ gk[ bW iWdY_ÂŒd de bb[# ]WhW Z[iZ[ bW 7iWcXb[W" f[he WYejÂŒ gk[ [b fk[Xbe [YkWjeh_W# de YWij_]Wh| Wb 9@ YkWdZe" Yed bei h[ikbjWZei Ă’dWb[i Z[ bW Yed# ikbjW fefkbWh [d bW fh[]kdjW *" i[ bei [dl‡[ W iki YWiWi$
ƒ Ĺ? Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ĺ?
Ĺ? +. ÄŒĹ?
ă
;b [nYecWdZWdj[ Z[ Feb_Y‡W" ][# d[hWb @W_c[ >khjWZe LWYW" i[h| bbWcWZe feh i[]kdZW eYWi_ÂŒd W h[dZ_h ik l[hi_ÂŒd feh bei fh[# ikdjei Z[b_jei Z[ [dh_gk[Y_c_[d# je _b‡Y_je" jh|Ă’Ye Z[ f[hiedWi o [njehi_ÂŒd gk[ \k[hed [nfk[ijei feh kd YWXb[ Z[ M_a_b[Wai$ ;b e\_Y_Wb" gk_[d [ijkle Wb \h[dj[ Z[ bW Feb_Y‡W Z[iZ[ WXh_b Z[ (&&. ^WijW `kd_e Z[ (&&/" Z[X[# h| Z[YbWhWh Z[djhe Z[b fheY[ie Z[ _dZW]WY_ÂŒd fh[l_W gk[ WXh_ÂŒ bW <_iYWb‡W Z[ F_Y^_dY^W$ I[]‘d [b \_iYWb fhel_dY_Wb" Ä“ĹŠ +ĹŠ%#-#1 +ĹŠ (,#ĹŠ 413 ".ĹŠ$4#ĹŠ CWhYe <h[_h[" bW Z_b_][dY_W \k[ ., -" -3#ĹŠ"#ĹŠ+ ĹŠ .+(!~ ĹŠ"#2"#ĹŠ 1(+ĹŠ ieb_Y_jWZW feh [b fhef_e >khjW# "#ŊĉććđŊ' 23 ĹŠ)4-(.ĹŠ"#ŊĉććĒē Ze" gk_[d de fkZe Wi_ij_h Wb fh_# c[h bbWcWZe$ <h[_h[ WdkdY_ÂŒ gk[ Z_d[he o fhef_[ZWZ[i" \WY_b_jWh [b bW fhÂŒn_cW i[cWdW i[ h[Wb_pWh| jh|Ă’Yei Z[ f[hiedWi o eXijhk_h [ijW Z_b_][dY_W f[he W‘d de WZ[# bWi _dl[ij_]WY_ed[i YedjhW Yec# bWdjÂŒ bW \[Y^W [nWYjW$ fW‹[hei YehhkfjeiÇ$ ;b <_iYWb Fhel_dY_Wb WdkdY_ÂŒ ;ijWi \k[hed Wb]kdWi Z[ bWi gk[ [d bW <_iYWb‡W oW i[ [ij|d YedYbki_ed[i h[Ye]_ZWi feh bW W]h[]WdZe Wb fheY[ie bei ZeYk# ;cXW`WZW Z[ ;;$KK$ [d Gk_je o c[djei ieb_Y_jWZei W [dj_ZWZ[i h[fheZkY_ZWi feh [b Z_Wh_e [ifW# Yece [b H[]_ijhe Z[ bW Fhef_[ZWZ ‹eb ;b FW‡i [d XWi[ W kd YWXb[ Z[ o bW Ikf[h_dj[dZ[dY_W Z[ 9ec# M_a_b[Wai$ BW b[]WY_ÂŒd dehj[Wc[h_YWdW fW‹‡Wi$ ÆDei [ij|d bb[]WdZe bei ZeYkc[djei ieb_Y_jWZei W lWh_Wi i[‹WbÂŒ gk[ jeZWi [iWi fh|Yj_YWi _dij_jkY_ed[i" [ijei i[# \k[hed YedeY_ZWi Z[djhe Z[b Wbje cWdZe Z[ bW Feb_Y‡W h|d W]h[]WZei Wb fheY[# ĹŠ DWY_edWb o W]h[]ÂŒ gk[ \kd# ieÇ" YedĂ’hcÂŒ$ :[djhe Z[ [ij[ [nf[# Y_edWh_ei Z[ bW ;cXW`WZW Z_[dj[ YedijW kd [nWc[d +ĹŠ/1#2("#-3#ĹŠ [ijWXWd i[]khei Z[ gk[ [b $ #+ĹŠ .11# ĹŠ [if[Y_Wb ieb_Y_jWZe feh bW 2#%41¢Ŋ04#ĹŠ fh[i_Z[dj[ HW\W[b 9ehh[W -3#2ĹŠ"#+ĹŠ-.,Äą <_iYWb‡W W bW 9edjhWbe# 1 ,(#-3.ĹŠ-.ĹŠ YedeY‡W Z[ bei WYjei YkWdZe !.-.!~ ĹŠ ĹŠ (,#ĹŠ be decXhÂŒ 9ecWdZWdj[" [d h‡W =[d[hWb Z[b ;ijWZe 413 ".ĹŠ ! Ä“ 9=; ieXh[ bWi Z[YbW# WXh_b Z[ (&&.$ ;d [b YWXb[" [bWXehWZe [d hWY_ed[i `khWc[djWZWi Z[ X_[d[i" fh[i[djWZWi feh [b [n# `kb_e Z[ (&&/" Ă’hcWZe feh bW [c# YecWdZWdj[ [djh[ (&&. o (&'&$ XW`WZehW Z[ bei ;;$KK$" >[Wj^[h 7Z[c|i" [d bW 9ecWdZWdY_W Z[ >eZ][i" i[ Z_Y[ gk[ [b Fh[i_Z[dj[ bW Feb_Y‡W DWY_edWb i[ XkiYWh| Z[ bW H[f‘Xb_YW gk_ie" Yed [b dec# _d\ehc[i ieXh[ _dl[ij_]WY_ed[i" XhWc_[dje" j[d[h kd `[\[ Z[ feb_Y‡W ikcWh_ei e [nf[Z_[dj[i [d Yed# \|Y_bc[dj[ cWd_fkbWXb[$ jhW Z[b =[d[hWb$ :[ifkƒi Z[ YedeY[h [b Yedj[# d_Ze Z[ [ij[ YWXb[" [b =eX_[hde -3#!#"#-3#2 Z[ ;YkWZeh [nfkbiÂŒ W >eZ][i Æ;b [nYecWdZWdj[ Z[ bW Feb_Y‡W" o jkle bW c_icW h[ifk[ijW Z[ @W_c[ >khjWZe LWYW" kj_b_pÂŒ ik ;;$KK$" gk[ jWcX_ƒd f_Z_ÂŒ bW iW# feZ[h Yece bW c|n_cW Wkjeh_# b_ZW Z[b h[fh[i[djWdj[ Z[ ;YkW# ZWZ fWhW [njehi_edWh" WYkckbWh Zeh [d [i[ fW‡i$
& Ĺ‹ Ĺ‹ '#-#š(Ĺ‹ Ĺ‹ Ĺ‹ -),. šŋ -)Ĺ‹ Ĺ‹ ,0 ,v BW IWbW Z[ 7Zc_i_ÂŒd Z[ bW 9ehj[ 9edij_jkY_edWb 99 i[ h[kd_ÂŒ Wo[h fWhW iehj[Wh -*' YWkiWi [djh[ [bbWi bW Z[ bW 9[hl[Y[h‡W DWY_edWb$ ;d [b fheY[ie fWhj_Y_fWhed [b fh[i_Z[dj[ Z[ bW 99" FWjh_Y_e FWpc_‹e <h[_h[" fh[i_Z[dj[ Z[b eh]Wd_ice Z[ Yedjheb" o bei `k[# Y[i 7b\edie Bkp o :_[]e FWpc_# ‹e" `k[p Wbj[hde Z[ Hkj^ I[d_$ 9WZW kde Z[ bei `k[Y[i Yedi# j_jkY_edWb[i [ijkle W YWh]e Z[ (*- YWkiWi$ ;b YWie d‘c[he &,)+#''#;F" Yehh[ifedZ_[dj[ W 9[hl[Y[h‡W DWY_edWb" h[YWoÂŒ [d cWdei Z[ 7b\edie Bkp" gk_[d j[dZh| gk[ [bWXehWh kd fheo[Y# je Z[ Wkje [d [b gk[ i[ h[l[bWh| i_ bW YWkiW [i WZc_j_ZW" _dWZc_# j_ZW" h[Y^WpWZW$ ;d [i[ _d\ehc[
jWcX_ƒd i[ feZh‡W Z_ifed[h gk[ i[ Yecfb[j[ e WYbWh[ bW Z[cWdZW" Yed\ehc[ be [ijWXb[Y[ bW dehcW# j_lW l_][dj[" _d\ehcŒ bW 99 [d kd Yeckd_YWZe$ ;d [b _d\ehc[ `kh‡Z_Ye jWc# X_ƒd Z[X[h|d YedijWh bWi ^e`Wi Z[ Yedjheb Z[b fheY[Z_c_[dje o [b Wd|b_i_i Z[ bWi _cfk]dWY_ed[i gk[ _d]h[iWhed Yed h[if[Yje Wb YWie$ 7i‡" bW 9ehj[ Z[X[h| WZc_j_h" _dWZc_j_h" h[Y^WpWh e WYbWhWh bW i[dj[dY_W Z[ bW J[hY[hW IWbW Z[ be F[dWb Z[b =kWoWi" gk[ ehZ[# dŒ [b fW]e Z[ /&"' c_bbed[i Z[ ZŒbWh[i W kd ]hkfe Z[ [njhWXW`W# Zeh[i Z[ bW [cfh[iW gk[ ][d[hW ,&& c_b [cfb[ei Z_h[Yjei o + c_b _dZ_h[Yjei$
ƒ ą
Ĺ? Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ĺ?
Ĺ? +. ÄŒĹ?
#-!#ĹŠ/+ 9.ĹŠ/ 1 ĹŠ/.234+ 1ĹŠ ĹŠ #! 2
ŋ , . ,v ŋ #)( &ŋ ŋ / #š(ŋ /* ,#),ąŋ # ( # ąŋ ()&)!v ŋ ŋ (()0 #š(ŋĢ ( - 3.ģŋ#( ),'šŋ+/ ŋ& ŋ - ŋ ŋ*)-./& #)( -ŋ &ŋ*,)!, ' ŋ ŋ -ŋĒ )(0) .),# ŋ # ,. ŋßúÝÝēŋ )( &/#,6ŋ -. ŋ )'#(!)Ąŋ )-ŋ#(. , - )-ŋ (ŋ *&# ,ŋ ŋ -. ŋ*,)!, ' ŋ*/ (ŋ#( ),' ,- ŋ (ŋ &ŋ-#.#)ŋ1 ŋ 111Ą- ( - 3.Ą!) Ą Ą
Ä“ĹŠ (#, 1.2ĹŠ"#ĹŠ+ ĹŠ!.,(2(¢-ĹŠ"#ĹŠ #+#!!(¢-ĔŊ"41 -3#ĹŠ+ ĹŠ2#2(¢-ĹŠ ".-"#ĹŠ2#ĹŠ31 3¢Ŋ+ ĹŠ1#! +(ă! !(¢-Ä“ĹŠĹŠ
-"(" 3.2ĹŠ
.2ĹŠÄˆÄ‡ĹŠ,;2ĹŠ/4-34 ".2ĹŠ ĹŠ ĹŠ ÄˆĹŠ ĉŊ ÄŠĹŠ ÄŒĹŠ ÄŽĹŠ Ä?ĹŠ Ä?ĹŠ Ä‘ĹŠ Ä’ĹŠ ÄˆÄ‡ĹŠ
.234+ -3#ĹŠ ,_1(3.2ĹŠ ĹŠ ĹŠ +.ĹŠ '(1( .% ĹŠ ÄŒÄ‘ĹŠ -3.-(.ĹŠ %+( 1".ĹŠ ÄŠÄ’ĹŠ 1!.ĹŠ +".- ".ĹŠ ÄŠÄ’ĹŠ + "82ĹŠ #1;-ĹŠ ÄŒÄŠĹŠ .+~5 1ĹŠ #1% 1 ĹŠĹŠĹŠ ÄŒÄˆĹŠ +2 ĹŠ .1#-.ĹŠ ÄŠÄ?ĹŠ
4+(.Ŋ .+(- Ŋ ĊĉĔĎćŊ 1~ Ŋ 4#11 ŊŊ ĊĒŊ 31(!(.Ŋ ! Ŋ ĊĊĔĎćŊ
(,#ĹŠ 1 ĹŠ ÄŠÄˆÄ”Ä‰ÄŽĹŠ
/Ä“ĹŠ /.2(!(¢-ĹŠ ĹŠ ÄŠÄ‘ĹŠ ÄŒÄŽĹŠ ÄŒÄŒĹŠ ÄŠÄ’ĹŠ ÄŠÄŽĹŠ ÄŠÄ‘ĹŠ ÄŒÄ‰ĹŠ ÄŠÄŽĹŠ ÄŠÄ?ĹŠ ÄŠÄ?ĹŠ
Ä“ĹŠ ă1, 3(5 ĹŠ /4-3 )#ĹŠ ĹŠ ĹŠ -3#1(.1ĹŠ ćŊ Ä‘ÄŽĹŠ ćŊ đĉŊ ćŊ Ä‘ÄˆĹŠ ćŊ Ä?Ä?ĔĎćŊ ÄˆĹŠ Ä?ÄŒĹŠ ćŊ Ä?ĒĔĎćŊ ćŊ Ä?ćĔĎćŊ ćŊ Ä?ĉŊ ćŊ Ä?ĎĔĎćŊ ÄˆĹŠ Ä?đĔĉĎŊ
3.3 +ĹŠ !34 + Ä‘Ä? Ä‘ÄŒ Ä‘ÄŠ đĉ Ä?Ä? Ä?ÄŽ Ä?ČĔĎć Ä?ÄŒ Ä?ĒĔĎć Ä?ĒĔĉĎ
#1! -!#ĹŠ"#ĹŠ 5(.-#3
ŊěŊ - Ŋ 5(.-#3 Ŋ"#Ŋ+ Ŋ!.,/  ~ Ŋ 4,(/ +, Ŋ2#Ŋ#231#++¢Ŋ 8#1Ŋ#-Ŋ#+Ŋ
*(+¢,#31.ĹŠÄŒÄ?ĹŠ"#ĹŠ+ ĹŠ5~ ĹŠ 4 8 04(+Äą 4#13.ĹŠ -! ĔŊ9.- ĹŠ04#ĹŠ/#13#-#!#ĹŠ +ĹŠ! -3¢-ĹŠ 1 -) +Ŋĸ 4 8 2ĚŊ!4 -".ĹŠ2#ĹŠ"(2/.-~ ĹŠ ĹŠ!4,/+(1ĹŠ!.-ĹŠ+ .1#2ĹŠ"#ĹŠ$4,(% !(¢-Ä“ĹŠ +ĹŠ !!("#-3#ĔŊ#-ĹŠ#+ĹŠ04#ĹŠ#+ĹŠ/(+.3.ĹŠ1#24+3¢Ŋ'#1(".ĔŊ2#ĹŠ1#/.13¢Ŋ ĹŠ+ 2ŊćđĖĊćē
&)Ĺ‹ "#,# )! Ĺ‹ ! ( Ĺ‹/(Ĺ‹*/(.)Ĺ‹Ĺ‹ (Ĺ‹, &#Ă° #š(Ĺ‹ +ĹŠ/1.!#2.ĹŠ#23;ĹŠ+(23.ĹŠ8ĹŠ#+ĹŠ04#ĹŠ#2ĹŠ /4-3 Äą ".ĹŠ!.,.ĹŠ! -"(" 3.ĹŠ"#+ĹŠ . (#1-.ĹŠ2(%4#ĹŠ /1(,#1.Ä“ĹŠ Bk[]e Z[b fheY[ie Z[ h[YWb_Ă’YWY_ÂŒd Z[ bei feijkbWdj[i W <_iYWb =[d[hWb Z[b ;ijWZe" [b WYjkWb [cXW`WZeh Z[ ;YkWZeh [d CWZh_Z" =Wbe 9^_h_Xe# ]W" gk_[d [i kde Z[ bei YWdZ_ZWjei i_]k[ Z[ d‘c[he kde$ ;ije" W f[iWh Z[ bW bbkl_W Z[ Yh‡j_YWi gk[ ^W fhe# leYWZe ik fkdjW`[" feh i[h Y[hYWde Wb =eX_[hde$ FWhW iehfh[iW Z[ bei ejhei YWdZ_ZWjei" [d bW h[l_i_ÂŒd 9^_h_Xe]W ]WdÂŒ kd fkdje c|i$ Bei _dj[]hWdj[i Z[ bW 9ec_i_ÂŒd
9_kZWZWdW Z[ I[b[YY_ÂŒd WY[f# jWhed bW h[l_i_ÂŒd Z[ fkdjW`[i W ') feijkbWdj[i$ Kde Z[ [bbei" M_bb_Wci I|dY^[p" lebl_ÂŒ W Z[dkdY_Wh _hh[]kbWh_ZWZ[i [d bW YWdZ_ZWjkhW Z[ 9^_h_Xe# ]W$ 7i[]khÂŒ gk[ [b Y[hj_Ă’YW# Ze [c_j_Ze feh MWi^_d]jed 7]k_hh[" Z_h[Yjeh ][d[hWb Z[ bW Kd_l[hi_ZWZ Z[ Feij]hWZe" ?dl[ij_]WY_ÂŒd o :[iWhhebbe Z[ =kWoWgk_b" de [i l|b_Ze" oW gk[ i[]‘d kd fh_c[h ZeYk# c[dje Ă’hcWZe feh bW c_icW Wkjeh_ZWZ Y[hj_Ă’YW gk[ 9^_h_# Xe]W iebWc[dj[ Z_YjÂŒ ik Y|j[# ZhW feh ', ^ehWi" Æj_[cfe gk[ de [i [b c‡d_ce fWhW i[h lWbe# hWZe [d [ij[ YedYkhie" oW gk[ fWhW [bbe Z[X[h‡W i[h Z[ i[_i c[i[iÇ$ 7i‡ c_ice Z[dkdY_ÂŒ gk[ i[ lWbehW kd Y[hj_Ă’YWZe ejeh# ]WZe W 9^_h_Xe]W feh 7dW_jƒ LWh]Wi" i[Yh[jWh_W jƒYd_YW Z[ bW FbWjW\ehcW ?dj[hWc[h_YWdW Z[ :[h[Y^ei >kcWdei :[ce# YhWY_W o :[iWhhebbe 9Wf‡jkbe
;YkWZeh" de eXijWdj[" i[]‘d [b Z[dkdY_Wdj[" [d [b [nf[Z_[dj[ Z[b YWdZ_ZWje de i[ Z[ck[ijhW gk[ LWh]Wi i[W bW h[fh[i[djWd# j[ b[]Wb Z[ bW eh]Wd_pWY_Œd" feh be gk[ [ij[ ZeYkc[dje i[h‡W _dl|b_Ze$ 1.!#2.
KbX_e =kWZWbkf[" fh[i_Z[dj[ Z[ bW 9ec_i_ÂŒd" Z_`e gk[ W‘d de fk[Z[ [ijWXb[Y[hi[ gk_ƒd[i ied bei '& c[`eh fkdjkWZei gk[ fWiWh|d W bW [jWfW Z[ _c# fk]dWY_ÂŒd" fk[i i[]‘d [b h[# ]bWc[dje" [ijei j_[d[d bW efeh# jkd_ZWZ Z[ ieb_Y_jWh Wb Fb[de Z[b 9edi[`e Z[ FWhj_Y_fWY_ÂŒd 9_kZWZWdW o 9edjheb IeY_Wb bW h[l_i_ÂŒd Z[ iki dejWi$ Æ;b fhÂŒn_ce l_[hd[i Yede# Y[h[cei W bei '& Ă’dWb_ijWiÇ" Z_`e$ 7dkdY_ÂŒ gk[ [b (( e () Z[ `kb_e i[ ^WXh| oW Z[i_]dWZe Wb h[[cfbWpe Z[b Ă’iYWb MWi# ^_d]jed F[i|dj[p$ Feh [b ce# c[dje" ^WijW [b bkd[i i[ Z[X[ dej_Ă’YWh W bei feijkbWdj[i Z[ kd fheY[ie [d [b gk[ oW ^W ^W# X_Ze h[dkdY_W Z[ YWdZ_ZWjei o [iY|dZWbei feh bW ikfk[ijW _dĂ“k[dY_W Z[b ;`[Ykj_le fWhW be]hWh kd <_iYWb Wc_]e Z[ ik j[i_i$
.,)& , -Ĺ‹ Ĺ‹ Ä„ Ä„Ĺ‹ ( !) # (Ĺ‹ )(Ĺ‹ / ), ĔŊ ĹŠÄ› Jh[i [cfh[iWi [i# Yk|b [i [b fbWd Z[ Z[iWhhebbe" jWZekd_Z[di[i" `kdje Yed kdW gkƒ [i be gk[ lWcei W ^WY[h [d [YkWjeh_WdW" Ă’]khWd [d [b fh_# YWZW YWcfe o gkƒ j[Ydebe]‡W c[h ehZ[d Z[ fh[\[h[dY_W Z[ bW lWcei W Wfb_YWhÇ" _dZ_YÂŒ 9Whbei d[]eY_WY_ÂŒd Z[ YedjhWjei fWhW FWh[`W OWddkpp[bb_" l_Y[c_d_i# c[`ehWh bW fheZkYY_ÂŒd Z[ YkW# jhe Z[ >_ZheYWhXkhei" gk_[d [dYWX[pW bWi Yedl[hiW# jhe YWcfei f[jheb[hei [d bW 7cWped_W [YkWje# ĹŠ Y_ed[i$ I[]‘d ƒb" bWi Z[b_X[# h_WdW" _d\ehcÂŒ Wo[h F[# jhe[YkWZeh$ hWY_ed[i fWhW YedYh[jWh BWi [ijWZekd_Z[di[i +ĹŠ/1.8#!3.ĹŠ/ 1 ĹŠ bei YedjhWjei W d_l[b jƒY# ,#).1 1ĹŠ+ ĹŠ/1.Äą IY^bkcX[h][h" 8Wa[h "4!!(¢-ĹŠ"#ĹŠ+.2ĹŠ d_Ye i[ [nj[dZ[h|d kdei ! ,/.2ĹŠ, "4Äą >k]^[i o >Wbb_Xkhjed" o 1.2ĹŠ24/.-#ĹŠ4- ĹŠ Z‡Wi o bk[]e Yec[dpWh| (-5#12(¢-ĹŠ"#ĹŠ bW [YkWjeh_WdW I[hj[Yf[j bW d[]eY_WY_ÂŒd Z[ bei ÄˆÄ“ÄŽÄ‡Ä‡ĹŠ,(++.-#2ĹŠ ied bWi fh_c[hWi YebeYW# "#ĹŠ"¢+ 1#2ĹŠ#-ĹŠ Wif[Yjei [YedÂŒc_Yei o b[]Wb[i" bW \Wi[ Æc|i _c# ZWi Z[ YWhW W bW d[]eY_W# !(-!.ĹŠ  .2Ä“ Y_ÂŒd Z[ YedjhWjei fWhW fehjWdj[Ç Z[b fheY[ie$ c[`ehWh bW fheZkYY_ÂŒd Z[ bei Æ;if[hWcei gk[ ^WijW [b '+ YWcfei I^ki^k\_dZ_" 7kYW" Z[ `kb_e j[hc_d[cei bWi d[]e# 9koWX[de o B_X[hjWZeh" h[i# Y_WY_ed[i o j[d]Wcei b_ijei bei YedjhWjeiÇ" W]h[]ÂŒ [b ][h[dj[ Z[ f[Yj_lWc[dj[$ Æ?d_Y_Wcei bW [jWfW Z[ bW [nfbehWY_ÂŒd o fheZkYY_ÂŒd Z[ d[]eY_WY_ÂŒd jƒYd_YW fWhW iWX[h F[jhe[YkWZeh" :Wbjed Ck‹ep$
),)( &Ĺ‹ ,,#š(Ĺ‹- Ĺ‹ Ă° ( ĹŠ+ 2ĹŠÄˆÄ?ĖĊĉĔŊ/.1ĹŠ 4- ĹŠ ,#- 9 ĹŠ"#ĹŠ ., ĹŠ#-ĹŠ#+ĹŠ#"(ÄƒÄą !(.ĔŊ2#ĹŠ242/#-"(¢Ŋ + ĹŠĹŠ 4"(#-!( Ä“
Ĺ? Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ĺ?
Ĺ? +. ÄŒĹ?
("(¢Ŋ 43.1(9 !(¢-ĹŠ ĹŠĹŠ +ĹŠ!., -" -3#ĹŠ%#-#1 +ĹŠ"#ĹŠ+ ĹŠ Ĺ— .+(!~ ĔŊ 31(!(.ĹŠ 1 -!.ĔŊ!.-ă1,¢Ŋ
#ĹŠ!4#23(.- ĹŠ !34 !(¢-ĹŠ Ĺ—ĹŠĹŠ +ĹŠÄƒ2! +ĹŠ/1.5(-!( +ĔŊ 1!.ĹŠ 1#(1#ĔŊ , -($#23¢Ŋ04#ĹŠ ĹŠ31 5_2ĹŠ"#ĹŠ+.2ĹŠ,#Äą
"(.2Ŋ"#Ŋ!.,4-(! !(¢-Ŋ2#Ŋ(-$.1,¢Ŋ 04#Ŋ"41 -3#Ŋ+ Ŋ 4"(#-!( Ŋ"#+Ŋ!.1.Ĺ -#+Ŋ _2 1Ŋ 11(¢-ĔŊ#+Ŋ/1#2("#-3#Ŋ "#+Ŋ 1( 4- +Ŋ 4(-3.Ŋ"#Ŋ+.Ŋ #- +ĔŊ 4%.Ŋ (#11 ĔŊ#23 1~ Ŋ !34 -".Ŋ!.-Ŋ "#2 $#!3.Ŋ' !( Ŋ+ Ŋ (2! +~ ēŊ ĥ +Ŋ2# .1Ŋ 1#2("#-3#Ŋ"#+Ŋ 1( 4- +Ŋ -.Ŋ/4#"#Ŋ !34 1Ŋ!.-Ŋ"#2 $#!3.Ŋ / 1 Ŋ-(-%4- Ŋ"#Ŋ+ 2Ŋ/ 13#2ĔŊ_+Ŋ#2Ŋ#+Ŋ ++ , ".Ŋ Ŋ% 1 -3(9 1Ŋ04#Ŋ4- Ŋ 4Ĺ "(#-!( Ŋ2#Ŋ' % Ŋ#-Ŋ$.1, Ŋ31 -04(+ Ŋ 8Ŋ!.-$.1,#Ŋ Ŋ+ Ŋ+#8ĢĔŊ"().Ŋ 1#(1#ē +Ŋ (2! +Ŋ 1.5(-!( +Ŋ2# +¢Ŋ "#Ĺ ,;2Ŋ04#Ŋ2.+(!(3 1;Ŋ+ 2Ŋ%1 !(.-#2Ŋ "#Ŋ+ Ŋ 4"(#-!( Ŋ/ 1 Ŋ - +(9 1Ŋ+ 2Ŋ !34 !(.-#2Ŋ"#+Ŋ 1#2("#-3#ēŊ
;b Yehed[b 9ƒiWh 9Whh_ÂŒd" [nZ_# h[Yjeh Z[b >eif_jWb Z[ bW Feb_Y‡W" Wb[]ÂŒ [d ik \Wleh gk[ d_ feh _Z[W i[ b[ eYkhh_ÂŒ _cf[Z_h [b _d]h[ie Z[b fh[i_Z[dj[ HW\W[b 9ehh[W W bW YWiW Z[ iWbkZ gk[ ƒb Z_h_]‡W o gk[" jWb [i Wi‡" gk[ [b Fh_c[h CWdZW# jWh_e b[ W]hWZ[Y_ÂŒ f‘Xb_YWc[dj[" [d bW deY^[ Z[b )& Z[ i[fj_[cXh[ Z[iZ[ 9WhedZ[b[j" feh bW Wj[d# Y_ÂŒd gk[ h[Y_X_ÂŒ [i[ Z‡W$ 7o[h Yedj_dkÂŒ" [d [b Jh_XkdWb Gk_dje Z[ =WhWdj‡Wi F[dWb[i Z[ F_Y^_dY^W" bW WkZ_[dY_W Z[ `kp]W# c_[dje W 9Whh_ÂŒd o bei ejhei jh[i f_jWb fWhW gk[ [b Fh[i_Z[dj[ _cfkjWZei0 Bk_i CWhj‡d[p" @W_c[ fWi[ W h[Y_X_h Wj[dY_ÂŒd cƒZ_YW" FWkYWh o Bk_i 8W^WcedZ[$ c_[djhWi gk[ bW ejhW h[l[bW gk[ BW cWoeh YWdj_ZWZ Z[b j_[c# 9Whh_ÂŒd Y[hhÂŒ [i[ _d]h[ie Yed fe jhWdiYkhh_ÂŒ [d bW h[l_i_ÂŒd" YWdZWZe o gk[ \k[ d[Y[iWh_W bW kdW o ejhW l[p" Z[b l_Z[e [d [b _dj[hl[dY_ÂŒd Z[b c_[cXhe Z[ gk[ i[ YWfjW [b _d]h[ie Z[b fh[# bW i[]kh_ZWZ fh[i_Z[dY_Wb 7b[n i_Z[dj[ 9ehh[W Wb >eif_jWb Z[ bW 9Wi_[hhW" fWhW gk[ i[ ^WX_b_jWhW Z_Y^e _d]h[ie$ Feb_Y‡W" fhel[d_[dj[ Z[b H[]_c_[dje Gk_je$ ĹŠ
.2ĹŠ3#23(%.2
2ĹŠ5#12(.-#2 JeZei bei j[ij_]ei fh[# +ŊĊćĹ ĹŠ-.ĹŠ,#-.2ĹŠ 7 bei `k[Y[i Z[ [ij[ Jh_Xk# "#ĹŠÄˆÄ‡ĹŠ,_"(!.2ĹŠ i[djWZei feh [b Yehed[b 3#-"(#1.-ĹŠ +ĹŠ/1#Äą 9Whh_ÂŒd Ye_dY_Z[d [d dWb b[i Yehh[ifedZ[h| `kp# 2("#-3#ĹŠ $ #+ĹŠ i[‹WbWh gk[ bW fk[hjW Z[ ]Wh gk_ƒd Z_Y[ bW l[hZWZ" .11# ĹŠ#-ĹŠ#+ĹŠ _d]h[ie Wb >eif_jWb Z[ bW jeZW l[p gk[ [n_ij[d Zei .2/(3 +ĹŠ"#ĹŠ+ ĹŠ .+(!~ Ä“ Feb_Y‡W oW [ijWXW WX_[hjW l[hi_ed[i YedjhWfk[ijWi o gk[ Wo[h \k[hed [b \eYe YkWdZe bb[]ÂŒ [b Fh[i_Z[d# Z[ Wj[dY_ÂŒd Z[ bei ef[hWZeh[i Z[ j[ o gk[" [d d_d]‘d cec[dje" i[ `kij_Y_W$ f[hYWjWhed Z[ Wb]kdW Z_iYki_ÂŒd BW kdW Z_Y[ gk[ 9Whh_ÂŒd [djh[ 9Whh_ÂŒd o 9Wi_[hhW" YkWd# WXh_ÂŒ bW fk[hjW gk[ Yed[YjW Wb Ze [ij[ ‘bj_ce ikfk[ijWc[dj[ H[]_c_[dje Gk_je Yed [b >ei# h[YbWcWXW bW bbWl[ fWhW WXh_h bW
8#1ĹŠ04#ĹŠ#-ĹŠ#$#!3.ĹŠ#+ĹŠ!.1.-#+ĹŠ _2 1ĹŠ 11(¢-ĹŠ+#ĹŠ/("(¢Ŋ 43.1(9 !(¢-ĹŠ/ 1 ĹŠ 3#-"#1ĹŠ ĹŠ5 1(.2ĹŠ,#"(.2ĹŠ"#ĹŠ!.,4-(Äą ! !(¢-ĹŠ04#ĹŠ04#1~ -ĹŠ' + 1ĹŠ2. 1#ĹŠ+.2ĹŠ '#!'.2ĹŠ"#+ŊĊćĹ Ä“ +ĹŠ,;7(,.ĹŠ/#12.-#1.ĹŠ"#ĹŠ+ ĹŠ .+(!~ ĹŠ !(.- +ĹŠ !4"(¢Ŋ#-ĹŠ! +(" "ĹŠ "#ĹŠ3#23(%.ĹŠ2.+(!(3 ".ĹŠ/.1ĹŠ+ ĹŠ"#$#-2 ĹŠ "#ĹŠ 11(¢-ĹŠ8ĔŊ"41 -3#ĹŠ24ĹŠ 1#5#ĹŠ"#Äą !+ 1 !(¢-ĹŠ ).ĹŠ)41 ,#-3.ĔŊ1#5#+¢Ŋ04#ĹŠ #-ĹŠ#$#!3.ĹŠ' ~ ĹŠ"#) ".ĹŠ ĹŠ!1(3#1(.ĹŠ"#+ĹŠ (1#!3.1ĹŠ"#+ĹŠ .2/(3 +ĹŠ 3#-"#1ĹŠ#2 2ĹŠ #-31#5(23 2Ä“ĹŠ -ĹŠ4- ĹŠ"#ĹŠ#2 2ĹŠ#-31#5(23 2ĔŊ#+ĹŠ !.1.-#+ĹŠ 11(¢-ĹŠ"().ĹŠ ĹŠ+ ĹŠ! "#- ĹŠ "#ĹŠ-.3(!( 2ĹŠ-.13# ,#1(! - ĹŠ ĔŊ #-31#ĹŠ.31 2ĹŠ!.2 2ĔŊ04#ĹŠ#+ĹŠ 1#2("#-Äą 3#ĹŠ"#ĹŠ+ ĹŠ #/ĂŒ +(! ĹŠ-4-! ĹŠ#2345.ĹŠ 2#!4#231 ".ĹŠ#+ŊĊćŊ"#ĹŠ2#/3(#, 1#Ä“
c[dY_edWZW fk[hjW$ ;i c|i" [b iWh][dje Z[ bW CW# h_dW 7b[n 9Wi_[hhW" gk[ [i fWhj[ Z[b [gk_fe Z[ i[]kh_ZWZ Z[b Fh[# i_Z[dj[ Z[ bW H[f‘Xb_YW" \k[ bbW# cWZe ejhW l[p W Z[YbWhWh o Z_`e gk[ YkWdZe \k[ jhWi 9Whh_Œd" be ^_pe W f[Z_Ze Z[b YWf_j|d H_Y^WhZ F_[ZhW fWhW f[Z_hb[ bW bbWl[" f[he c|i WZ[bWdj[ i[‹WbŒ gk[ be ^_pe feh _d_Y_Wj_lW fhef_W YkWdZe l_e gk[ [b [djedY[i :_# h[Yjeh Z[b >eif_jWb fkie YWdZW# Ze W [iW fk[hjW$ De eXijWdj[ bWi l[hi_ed[i Z[ bei j[ij_]ei Z[ bW <_iYWb‡W o bei _cfkjWZei" [if[Y_Wbc[dj[ Z[b Yehed[b 9ƒiWh 9Whh_Œd" de ^Wo l_Z[ei YedjkdZ[dj[i e Yec# fhec[j[Zeh[i gk[ Yecfb_gk[d
Ä“ĹŠ +ĹŠ!.1.-#+ĹŠ _2 1ĹŠ 11(¢-ĔŊ#7"(1#!3.1ĹŠ"#+ĹŠ .2/(3 +ĹŠ"#ĹŠ+ ĹŠ .+(!~ ĔŊ2#ĹŠ"#ă#-"#ĹŠ "#ĹŠ+ 2ĹŠ !42 !(.-#2ĹŠ"#+ĹŠ . (#1-.Ä“
bW i_jkWY_ÂŒd Z[b [nZ_h[Yjeh" feh be gk[ bei `k[Y[i Z[b Jh_XkdWb i[ [i# c[hWd [d Yedi[]k_h c|i fhk[XWi gk[ b[i f[hc_jWd `kp]Wh Yed\ehc[ W Z[h[Y^e$ ,#- 9 ĹŠ"#ĹŠ .,
7 bWi ',0)(" c_[djhWi i[ fh[fWhW# XW fWhW Z[YbWhWh CW]ZWb[dW JW#
<JD<I8C;8J
HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%+)() mXcfi (*+#+' [\ cX :kX% :k\% Ef% *(.'+00('+ g\ik\e\Z`\ek\ X ;IFL<K KLK@M<E#<C8$;< C8J D<I$ :<;<J [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:& ( d^
@D989LI8
T T ' %10(14/+&#& %10 '. #46T EN &'. 56#6761 1%+#. &' .# /24'5#X 5' %1081%# # .15 %%+10+56#5 &' .# /24'5# .Ă?%64+%# ')+10#. 146' T T Y ;X # .# (+4/# n T T TX 1/+5#4+1 4+0%+2#. &' .# /24'5#X # 706# '0'4#. :64#14&+0#4+# &' %%+10+56#5X 37' 6'0&4É .7)#4 '. &Ă“# .70'5 FG &' /#;1 &'. FNEEX # .#5 ENUNNX '0 '. 16'. /2'4+1 &'. 1.X 7$+%#&1 '0 .# .#)70# &' #*7#4%1%*# &' .# %+7&#& &' $#44#T # 706# &'$'4É %101%'4 ; 4'51.8'4 '. 5+)7+'06' 4&'0 &'. Ă“#U ET 101%+/+'061 ; '5+)0#%+Ă˜0 &' 7&+614 :6'401 2#4# '. ,'4%+%+1 %10Ă˜/+%1 &'. FNENT FT 101%+/+'061 ; 4'51.7%+Ă˜0 &'. 0(14/' :#/'0 52'%+#. # .# )'56+Ă˜0 &'5'/2'Ă–#&# 214 '. ': 5'514 74Ă“&+%1 &' .# /24'5# .Ă?%64+%# ')+10#. 146'X 214 '. 2'4Ă“1&1 %1/24'0&+&1 '064' '. FNNHTNGTEK ; '. FNNJTNETGEX ; %1/70+%#%+Ă˜0 &' &'6'4/+0#%+Ă˜0 &' 4'52105#$+.+&#&'5Y '/+6+&15 214 .# 1064#.14Ă“# '0'4#. &'. 56#&1T $#44#X EG &' /#;1 &'. FNEE T T
HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef%))/- Xc )*(, [\ cX :kX% :k\% Ef% *('./+)('+ g\ik\e\Z`\ek\ X 8>L@C8I GFQF# <JKL8I$ ;F$J@>@=I<;F [\c 9XeZf G`$ Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& ) d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef%)*(- Xc )*)' [\ cX :kX% :k\% Ef% *('./+)('+ g\ik\e\Z`\ek\ X 8>L@C8I GFQF# <JKL8I$ ;F$J@>@=I<;F [\c 9XeZf G`$ Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& * d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%**/$*+'$*+-$*,-$*-0$*/' [\ cX :kX% :k\% Ef% *+,++--.'+ g\ik\e\Z`\ek\ X >L<M8I8 IF;I@>L<Q#>8CF$;8M@; [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& + d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%.0+ [\ cX :kX% :k\% Ef% *++0.,(+'+ g\ik\e\Z`\ek\ X KLG@Q8 D8C<J#D8EL<C$<E$ I@HL< [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:& , d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%,)' [\ cX :kX% :k\% Ef% *+/+/-(+'+ g\ik\e\Z`\ek\ X GL>8 C8E;<K8#>L@CC<IDF$ M@E@:@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:& - d^
C8K8:LE>8
#&fFFHLEf#+
Ć
HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef%(+.*
cWoe" j[ij_]e Z[b Yehed[b 9ƒiWh 9Whh_ÂŒd" [b Fh[i_Z[dj[ Z[b Jh_# XkdWb Gk_dje Z[ =WhWdj‡Wi F[# dWb[i Z[ F_Y^_dY^W WdkdY_ÂŒ gk[ ^WX‡W kdW Wc[dWpW Z[ XecXW [d [b [Z_Ă’Y_e" feh be gk[ ehZ[dÂŒ Z[iWbe`Wh [b bk]Wh [ _d\ehcÂŒ gk[ bW WkZ_[dY_W i[ h[_dijWbWh| ^eo W bWi /0&&$
Xc (+0' [\ cX :kX% :k\% Ef% *(+'-,/.'+ g\ik\e\Z`\ek\ X G<I<Q M8I>8J# <CJ8$>I8$ :@<C8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:& . d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%+(* mXcfi ,-#** [\ cX :kX% :k\% Ef% *+-'+)-('+ g\ik\e\Z`\ek\ X 9<ID<F IF;I@>L<Q#=8EEP$D8I@8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& / d^
CFA8
HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%('( Xc (*' [\ cX :kX% :k\% Ef% *+/,-(**'+ g\ik\e\Z`\e$ k\ X M<C<Q FIK@Q#D@>L<C$ 8E><C [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:& 0 d^
CFJ I@FJ
HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef%*.( Xc +*' [\ cX :kX% :k\% Ef% *+,.-/+('+ g\i$ k\e\Z`\ek\ X KF8HL@Q8 :?@>L8EF#FJN8C;F$ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (' d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%(-+) [\ cX :kX% :k\% Ef% **0/*00+'+ g\ik\e\Z`\ek\ X M<I8 J8CM8K@<II8# A<JJ<$ E@8$8JLE:@FE [\c 9XeZf G`$ Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (( d^
D8E89@
HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%-()' mXcfi /''#'' [\ cX :kX% :k\% Ef% **++),0+'+ g\ik\e\Z`\ek\ X D<A@8 M@M8J# ;8IN@E$<EI@HL< [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& () d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%-()( mXcfi /''#'' [\ cX :kX% :k\% Ef% **++),0+'+ g\ik\e\Z`\ek\ X D<A@8 M@M8J# ;8IN@E$<EI@HL< [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (* d^
G@:?@E:?8
HL<;8 8ELC8;F
Gfi G<I;@;8 [\c :_\hl\ Ef%)'. mXcfi ),#'' [\ cX :kX% :k\% Ef% *+((00)('+ g\i$ k\e\Z`\ek\ X M<>8 <JKI8;8# 9C8E:8$9<8KI@Q [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (+ d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%)', [\ cX :kX% :k\% Ef% *+/-/+0''+ g\ik\e\Z`\ek\ X Q8D9I8EF C8GF#C@>@8$<C<$ E8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\$ i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (, d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%--+ Xc -.' [\ cX :kX% :k\% Ef% **0+-).)'+ g\ik\e\Z`\ek\ X C8C8 D8I:@CCF#CL:@8$K<$ I<J8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:& (- d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef%/)* mXcfi .+#'' [\ cX :kX% :k\% Ef% **-00*'''+ g\ik\e\$ Z`\ek\ X C<FE G<E8II<K8# D8I@8$CL:@8 [\c 9XeZf G`$ Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (. d^
J8EKF ;FD@E>F
HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%.0* mXcfi .-,#+- [\ cX :kX% :k\% Ef% *++.-'-/'+ g\ik\e\Z`\ek\ X =LE;8:@FE <;L:8K@M8 :I@JK@8E8 <M8E$ ><C@:8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:& (/ d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%-/)( Xc -0)' [\ cX :kX% :k\% Ef% *(-(0-+)'+ g\ik\e\Z`\ek\ X 9LIE<F F:8DGF#CL@J$<;L8I;F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (0 d^
KLE>LI8?L8
HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%(+*/ [\ cX :kX% :k\% Ef% *(+/((.)'+ g\ik\e\Z`\ek\ X 9I8MF KFII<J# E<CJFE$ I8LC [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:& )' d^ 444444
ć
ŏāăŏ ŏ ŏĂĀāā
ŏ +. ŏ
*2%,(512 $87Ð1202 '(6&(175$/,=$'2 081,&,3$/ '(/ &$17Ð1 08,61( &2192&$725,$ $/ &21&8562 3Ô%/,&2 '( 0(5(&,0,(1726 < 2326,&,Ð1 3$5$ 237$5 325 (/ &$5*2 '( 5(*,675$'25 '( /$ 3523,('$' '(/ &$17Ð1 08,61( $17(&('(17(6 D 4XH OD &RQVWLWXFLyQ GHO (FXDGRU HQ VX DUWtFXOR HVWDEOHFH TXH HO VLVWHPD S~EOLFR GH UHJLVWUR GH OD SURSLHGDG VHUi DGPLQLVWUDGR GH PDQHUD FRQFXUUHQWH HQWUH OD )XQFLyQ (MHFXWLYD \ ODV 0XQLFLSD OLGDGHV E (Q IXQFLyQ GH TXH HO DUWtFXOR GHO &yGLJR 2UJiQLFR GH 2UJDQL]DFLyQ 7HUULWRULDO $XWRQRPtD \ 'HVFHQWUDOL]DFLyQ SXEOLFDGR HQ HO VXSOHPHQWR GHO 5HJLVWUR 2ÀFLDO 1R GHO GH 2FWXEUH GH FRQVDJUD TXH OD DGPLQLVWUDFLyQ GH ORV UHJLVWURV GH OD SURSLHGDG GH FDGD FDQWyQ FRUUHVSRQGH D ORV *RELHUQRV $XWyQRPRV 'HVFHQWUDOL]DGRV 0XQLFLSDOHV \ TXH OD WHUFHUD GLVSRVLFLyQ WUDQVLWRULD GH OD /H\ GHO 6LVWHPD 1DFLRQDO GH 5HJLVWUR GH 'DWRV 3~EOLFRV SXEOLFDGD HQ HO 5HJLVWUR 2ÀFLDO 1R GHO GH PDU]R GLVSRQH HQWUH RWURV TXH GHQWUR GHO SOD]R GH WUHVFLHQWRV VHVHQWD \ FLQFR GtDV FRQWDGRV D SDUWLU GH OD SXHVWD HQ YLJHQFLD GH GLFKD /H\ ORV 0XQLFLSLRV ² UHVSHFWR GHO UHJLVWUR GH OD SURSLHGDG ² \ OD 'LUHFWRUD R 'LUHFWRU 1DFLRQDO GH 5HJLVWUR GH 'DWRV 3~EOLFRV ² UHVSHFWR GHO UHJLVWUR PHUFDQWLO ² GHEHUiQ HMHFXWDU HO SURFHVR GH FRQFXUVR S~EOLFR GH PHUHFLPLHQWRV \ RSRVLFLyQ QRPEUDPLHQWR GH ORV QXHYRV UHJLVWUDGRUHV GH OD SURSLHGDG \ PHUFDQWLOHV F 4XH HO &yGLJR 2UJiQLFR GH 2UJDQL]DFLyQ 7HUULWRULDO $XWRQRPtD \ 'HVFHQWUDOL]DFLyQ GHÀQH HQ HO DUWtFXOR TXH HO $OFDOGH R $OFDOGHVD HV OD SULPHUD DXWRULGDG GHO HMHFXWLYR GHO *RELHUQR $XWyQRPR 'HVFHQWUDOL]DGR 0XQLFLSDO VLHQGR OD IXQFLyQ HMHFXWLYD XQD GH ODV IXQFLRQHV SUHYLVWDV HQ HO DUWtFXOR GHO LQGLFDGR &yGLJR G 4XH HV IXQGDPHQWDO SDUD HO *RELHUQR $XWyQRPR 'HVFHQWUDOL]DGR 0XQLFLSDO GHO &DQWyQ 0XLVQH OD UHDOL]DFLyQ GH DFFLRQHV RSRUWXQDV FRQGXFHQWHV D OD GHVLJQDFLyQ GHO FDUJR GH 5HJLVWUDGRU GH OD SURSLHGDG GHO &DQWyQ GH 0XLVQH H /H\ GHO 6LVWHPD 1DFLRQDO GH 5HJLVWUR GH 'DWRV 3~EOLFRV 52 6 1R GHO GH 0DU]R GHO I (O 5HJODPHQWR GHO &RQFXUVR GH 0HUHFLPLHQWRV \ 2SRVLFLyQ SDUD OD 6HOHFFLyQ \ 'HVLJQDFLyQ GH 5HJLVWUDGRUHV GH OD 3URSLHGDG GH DFXHUGR D OD UHVROXFLyQ 1R ',1$5'$3 GHO GH 'L FLHPEUH GHO &RQ HVWRV DQWHFHGHQWHV \ HQ XVR GH ODV DWULEXFLRQHV OHJDOHV &2192&$ $ ORV SURIHVLRQDOHV GHO 'HUHFKR TXH FXPSODQ ORV VLJXLHQWHV UHTXLVLWRV SDUD TXH SDUWLFLSHQ HQ HO FRQFXUVR GH PHUHFLPLHQWRV \ RSRVLFLyQ SDUD RSWDU SRU HO FDUJR GH 5HJLVWUDGRU GH OD 3URSLHGDG GHO &DQWyQ 0XLVQH GH DFXHUGR FRQ ODV VLJXLHQWHV QRUPDV ',6326,&,21 35,0(5$ 5HTXLVLWRV SDUD OD 3RVWXODFLyQ &RQIRUPH HVWDEOHFHQ OD /H\ 2UJi QLFD GH 6HUYLFLR 3~EOLFR DVt FRPR HO $UW GH OD /H\ GH 6LVWHPD 1DFLRQDO GH 5HJLVWURV GH 'DWRV 3~EOLFRV SDUD OD VHOHFFLyQ \ GHVLJQDFLyQ GH ORV 5HJLVWUDGRUHV GH OD 3URSLHGDG ODV \ ORV SRVWXODQWHV FXPSOLUiQ ORV VLJXLHQWHV UHTXLVLWRV 6HU HFXDWRULDQD R HFXDWRULDQR \ HVWDU HQ JRFH GH ORV GHUHFKRV SROtWLFRV 7HQHU WtWXOR GH $ERJDGR R DFUHGLWDGR \ UHFRQRFLGR OHJDOPHQWH HQ HO SDtV $FUHGLWDU KDEHU HMHUFLGR FRQ SURELGDG H LGRQHLGDG QRWRULDV OD SURIHVLyQ SRU XQ SHUtRGR PtQLPR GH WUHV DxRV 6HU PD\RU GH DxRV \ HVWDU HQ SOHQR HMHUFLFLR GH ORV GHUHFKRV SUHYLVWRV SRU OD &RQVWLWXFLyQ GH OD 5HS~EOLFD \ OD /H\ SDUD HO GHVHPSHxR GH XQD IXQFLyQ S~EOLFD 1R HQFRQWUDUVH HQ LQWHUGLFFLyQ FLYLO QR VHU GHXGRU DO TXH VH VLJD SURFHVR GH FRQFXUVR GH DFUHH GRUHV \ QR KDOODUVH HQ HVWDGR GH LQVROYHQFLD IUDXGXOHQWD GHFODUDGD MXGLFLDOPHQWH 1R HVWDU FRPSUHQGLGR HQ DOJXQD GH ORV FDXVDOHV GH SURKLELFLyQ SDUD HMHUFHU FDUJRV S~EOLFRV &XPSOLU FRQ ORV UHTXHULPLHQWRV GH SUHSDUDFLyQ DFDGpPLFD \ GHPiV FRPSHWHQFLDV H[LJLEOHV SUH YLVWD HQ OD OH\ +DEHU VXIUDJDGR FXDQGR VH WLHQH REOLJDFLyQ GH KDFHUOR VDOYR ODV FDXVDV GH H[FXVD SUHYLVWD HQ OD /H\ 1R HQFRQWUDUVH HQ PRUD GHO SDJR GH FUpGLWRV HVWDEOHFLGRV D IDYRU GH ODV HQWLGDGHV X RUJDQLVPR GHO VHFWRU S~EOLFR D H[FHSFLyQ GH OR HVWDEOHFLGR HQ HO DUW GH OD /H\ 2UJiQLFD GH 6HUYLFLR 3~EOL FR /RV GHPiV UHTXLVLWRV VHxDODGRV HQ OD &RQVWLWXFLyQ GH OD 5HS~EOLFD \ OD /H\ 5HTXLVLWRV *HQHUDOHV /DV \ ORV SRVWXODGRV SUHVHQWDUiQ FRQ VX VROLFLWXG GH SRVWXODFLyQ ORV VL JXLHQWHV GRFXPHQWRV &RSLD GH OD FpGXOD GH FLXGDGDQtD &RSLD GHO FHUWLÀFDGR GH YRWDFLyQ GHO ~OWLPR HYHQWR HOHFWRUDO ',6326,&,Ð1 6(*81'$ (QWUHJD \ 5HFHSFLyQ GH 'RFXPHQWRV /D UHFHSFLyQ GH GRFXPHQ WRV GHQWUR GHO FRQFXUVR GH 5HJLVWUDGRUHV GH OD 3URSLHGDG VHUi UHFHSWDGD HQ OD 'LUHFFLyQ GH 5HFXU VRV +XPDQRV GH FDGD 0XQLFLSLR /DV R ORV SRVWXODQWHV SUHVHQWDUiQ HQ ORV IRUPXODULRV TXH ORV PXQLFLSLRV HQWUHJDUiQ D ORV PLVPRV DGHPiV GH OD GRFXPHQWDFLyQ UHTXHULGD OR VLJXLHQWH 6ROLFLWXG IRUPDO GH SRVWXODFLyQ FRQ OD LQGLFDFLyQ GHO FDUJR OXJDU \ HO FDQWyQ SDUD HO TXH SRV WXOD /D KRMD GH YLGD GH OD R HO SRVWXODQWH \ /RV GRFXPHQWRV TXH DFUHGLWHQ WtWXORV DFDGpPLFRV H[SHULHQFLD ODERUDO \ RWURV PpULWRV FRPR FXUVRV VHPLQDULRV PDHVWUtDV HVSHFLDOL]DFLRQHV /D GRFXPHQWDFLyQ VH SUHVHQWDUi HQ RULJLQDOHV R FRSLDV DXWHQWLFDGDV DQWH HO 1RWDULR 3~EOLFR GHEL GDPHQWH RUJDQL]DGDV \ IROLDGDV VHFXHQFLDOPHQWH (O R OD SRVWXODQWH VHxDODUi VX GRPLFLOLR DVt FRPR OD GLUHFFLyQ GH FRUUHR HOHFWUyQLFR SDUD UHFLELU QRWLÀFDFLRQHV /DV SHUVRQDV LQWHUHVDGDV HQ SDUWLFLSDU HQ HO &RQFXUVR GH 0HUHFLPLHQWRV \ 2SRVLFLyQ REMHWR GH HVWD FRQYRFDWRULD HQWUHJDUiQ VXV ´+RMDV GH 9LGDµ MXQWR FRQ OD GRFXPHQWDFLyQ TXH DFUHGLWH HO FXP SOLPLHQWR GH ORV UHTXLVLWRV HVWDEOHFLGRV HQ HVWD SXEOLFDFLyQ HQ OD 8QLGDG GH 7DOHQWR +XPDQR XELFDGD HQ OD SODQWD EDMD GHO (GLÀFLR 0XQLFLSDO $Y ,VLGUR $\RUD \ /XLV 9DUJDV 7RUUHV GHVGH ODV K KDVWD ODV K GHO GtD GH 0D\R GHO /D 6HFUHWDULD 0XQLFLSDO RWRUJDUi OD IH GH UHFHSFLyQ D OD KRMD GH YLGD \ SUHFLVDUi HO Q~PHUR GH DQH[RV TXH FRQ HOOD VH SUHVHQWDQ ',6326,&,Ð1 7(5&(5$ &RPSUREDFLyQ GH 5HTXLVLWRV )LQDOL]DGR HO SOD]R GH UHFHSFLyQ GH OD GRFXPHQWDFLyQ VH HODERUDUi OD UHVSHFWLYD DFWD GH FLHUUH GH UHFHSFLyQ TXH VHUi VXVFULWD SRU OD $OFDOGHVD R $OFDOGH TXLHQ FRQ HO HTXLSR GH DSR\R UHVSHFWLYR HQ HO WpUPLQR GH GtDV GH UHFLELGD OD GRFXPHQWDFLyQ YHULÀFDUi HO FXPSOLPLHQWR GH ORV UHTXLVLWRV HVWDEOHFLGRV HQ HVWH 5HJODPHQWR ',6326,&,Ð1 &8$57$ &DOLÀFDFLyQ GH 0pULWRV \ 2SRVLFLyQ /D FDOLÀFDFLyQ WRWDO VHUi VREUH SXQWRV GLYLGLGRV HQ PpULWRV \ RSRVLFLyQ GH OD VLJXLHQWH PDQHUD SXQWRV SDUD PpULWRV SXQWRV SRU HO H[DPHQ GH RSRVLFLyQ ',6326,&,Ð1 48,17$ &DOLÀFDFLyQ GH 0pULWRV /D FDOLÀFDFLyQ GH PpULWRV VHUi HIHFWXDGD SRU XQ 7ULEXQDO GH 0pULWRV FRQIRUPDGR SRU WUHV IXQFLRQDULRV TXH VHUiQ GHVLJQDGRV SRU OD $OFDOGHVD R $OFDOGH 3DUD OD FDOLÀFDFLyQ VH WRPDUi HQ FXHQWD IDFWRUHV DFDGpPLFRV H[SHULHQFLD ODERUDO \ FD SDFLGDG DGLFLRQDO FRPR WtWXORV GH FXDUWR QLYHO FXUVRV VHPLQDULRV PDHVWUtDV \ HVSHFLDOL]DFLRQHV KDVWD XQ WRWDO GH VHVHQWD SXQWRV XWLOL]DQGR OD VLJXLHQWH WDEOD D 7$%/$ '( &$/,),&$&,Ð1 '( 0e5,726 3$5$ 5(*,675$'25(6 '( /$ 3523,( '$' 7tWXOR GH $ERJDGR D RWURV WtWXOR R GLSORPDGR PDHVWUtD R GRFWRUDGR HQ FXDUWR QLYHO OHJDOPHQWH UHFRQRFLGRV Pi[LPR SXQWRV
9HLQWH SXQWRV SRU WtWXOR GH DERJDGR &LQFR SXQWRV SRU FDGD WtWXOR GH FXDUWR QLYHO Pi[LPR SXQWRV
7UHV SXQWRV SRU HVSHFLDOL]DFLyQ HQ iPELWRV GH GHUHFKRV FLYLO Pi[LPR SXQWRV ([SHULHQFLD ODERUDO Pi[LPR SXQWRV
2FKR SXQWRV SRU WHQHU DxRV GH HMHUFLFLR SURIHVLRQDO 'RV SXQWRV SRU KDEHU ODERUDGR HQ HO VHFWRU S~EOLFR FRQ QRPEUDPLHQWR R FRQWUDWR SDUD HO TXH VH UHTXLHUH WtWXOR GH DERJDGR 8Q SXQWR SRU KDEHU VLGR HPSOHDGR GHO DOJXQR GH ORV UHJLVWURV GHO SDtV 8Q SXQWR SRU FDGD DxR GH HMHUFLFLR SURIHVLRQDO FRQWDGRV D SDUWLU GHO FXDUWR DxR GH HMHUFLFLR
SURIHVLRQDO Pi[LPR SXQWRV
&DSDFLGDG $GLFLRQDO Pi[LPR SXQWRV
&LQFR SXQWRV SRU FXUVR VHPLQDULR R WDOOHU UHFLELGR R GLFWDGR HQ FLHQFLDV MXUtGLFDV R 'HUHFKR 5HJLVWUDO GH RFKR KRUDV DFXPXODEOHV DXVSLFLDGRV SRU XQLYHUVLGDGHV OHJDOPHQWH UHFRQRFLGDV HQ OD 5HS~EOLFD GHO (FXDGRU &RQVHMR GH OD -XGLFDWXUD &ROHJLR GH $ERJDGRV X RWUDV LQVWLWXFLRQHV S~EOLFDV R SULYDGDV 'RFHQFLD Pi[LPR SXQWRV
&XDWUR SXQWRV SRU HO GHVHPSHxR GH OD FiWHGUD XQLYHUVLWDULD HQ DVLJQDWXUDV YLQFXODGDV FRQ ODV FLHQFLDV MXUtGLFDV HQ FHQWURV GH HGXFDFLyQ VXSHULRU OHJDOPHQWH UHFRQRFLGRV HQ OD 5HS~EOLFD GHO (FXDGRU 3XEOLFDFLRQHV Pi[LPR SXQWRV
'RV SXQWRV GH REUD X REUDV SXEOLFDGDV VREUH PDWHULDV UHODFLRQDGDV FRQ OD DFWLYLGDG MXUtGLFD R UHJLVWUDO E /DV R ORV SRVWXODQWHV TXH KXELHUHQ REWHQLGR XQ SXQWDMH LQIHULRU DO FLQFXHQWD SRU FLHQWR HQ OD FDOLÀFDFLyQ GH PpULWRV QR FRQWLQXDUiQ HQ HO SURFHVR 5HDOL]DGD OD YHULÀFDFLyQ GH UHTXLVLWRV IRUPDOHV \ OD FDOLÀFDFLyQ GH PpULWRV VH QRWLÀFDUi HQ OD GLUHFFLyQ GH FRUUHR HOHFWUyQLFR VHxDODGR SDUD HO HIHFWR SRU FDGD SRVWXODQWH /RV UHVXOWDGRV VHUiQ SXEOLFDGRV HQ OD SiJLQD :HE GH FDGD ,QVWLWXFLyQ /DV R ORV SRVWXODQWHV SRGUiQ VROLFLWDU OD UHYLVLyQ \ R UHFDOLÀFDFLyQ SRU HVFULWR GHELGDPHQWH IXQGD PHQWDGD HQ HO SOD]R GH GtDV TXH VH FRQWDUiQ D SDUWLU GH OD QRWLÀFDFLyQ SRU FRUUHR HOHFWUyQLFR \ OD SXEOLFDFLyQ GH UHVXOWDGRV HQ OD SiJLQD ZHE OD TXH VHUi UHVXHOWD SRU HO 7ULEXQDO HQ HO SOD]R GH WUHV GtDV FRQWDQGR ~QLFDPHQWH SDUD HOOR FRQ ORV GRFXPHQWRV SUHVHQWDGRV SDUD OD SRVWXODFLyQ ',6326,&,Ð1 6(;7$ 'H OD 5HPXQHUDFLyQ /D UHPXQHUDFLyQ XQLÀFDGD ÀMD \ WRWDO TXH UHFL ELUi HO R OD SURIHVLRQDO TXH UHVXOWH GHVLJQDGR D 5HJLVWUDGRU GH OD 3URSLHGDG \ FRPR )XQFLRQDULR PXQLFLSDO VHUi OD GH XQ 'LUHFWRU 0XQLFLSDO VHJ~Q HO SUHVXSXHVWR LQVWLWXFLRQDO ',6326,&,Ð1 6(37,0$ 3UXHED GH 2SRVLFLyQ &RQVLVWLUi HQ XQD SUXHED TXH VHUi UHFHSWDGD SRU XQ 7ULEXQDO GHVLJQDGR SDUD HO HIHFWR SRU OD $OFDOGHVD R $OFDOGH (O GtD GHVLJQDGR SDUD OD SUXHED ORV SRVWXODQWHV UHVSRQGHUiQ FXDUHQWD SUHJXQWDV TXH DEDUFDUiQ WHPDV GH RUGHQ MXUtGLFR \ DGPLQLVWUDWLYR FDGD XQD GH HOODV WHQGUi YDORU GH XQ SXQWR /DV SUH JXQWDV VHUiQ SUHSDUDGDV SUHYLDPHQWH SRU ORV 0XQLFLSLRV $O PRPHQWR GH UHFLELU OD SUXHED VH UHJLVWUDUi OD DVLVWHQFLD GH ODV R ORV SRVWXODQWHV FRQFXUUHQWHV SUHYLD OD SUHVHQWDFLyQ GH OD FpGXOD GH FLXGDGDQtD \ OD ÀUPD FRUUHVSRQGLHQWH 'H OD UHFHSFLyQ GH OD SUXHED VH GHMDUi FRQVWDQFLD HQ XQ DFWD HODERUDGD SDUD HO HIHFWR /DV KRMDV GH ORV H[iPHQHV VHUiQ JXDUGDGDV HQ VREUH FHUUDGR PLVPDV TXH VHUiQ FXVWRGLDGDV SRU OD 'LUHFFLyQ GH 5HFXUVRV +XPDQRV GH ORV 0XQLFLSLRV \ VRODPHQWH VHUiQ DELHUWRV SDUD OD FDOLÀFDFLyQ FRUUHVSRQGLHQWH HQ HO WpUPLQR GH FLQFR GtDV GH UHFHSWDGDV ODV SUXHEDV /D FDOLÀFDFLyQ GH ODV SUXHEDV GH 2SRVLFLyQ VHUi HIHFWXDGD SRU HO 7ULEXQDO GH 2SRVLFLyQ FRQIRUPD GR SRU WUHV IXQFLRQDULRV TXH VHUiQ GHVLJQDGRV SRU OD $OFDOGHVD R $OFDOGH UHVSHFWLYR /DV R ORV SRVWXODQWHV TXH KXELHUHQ REWHQLGR XQD FDOLÀFDFLyQ LQIHULRU DO FLQFXHQWD SRU FLHQWR HQ OD SUXHED GH RSRVLFLyQ QR FRQWLQXDUiQ HQ HO SURFHVR 'H DFXHUGR D ORV LQGLFDGRV HO 0XQLFLSLR SUHSDUDUi OD SUXHED SRU OR PLVPR D ÀQ GH TXH KD\D WUDQVSDUHQFLD QR GHEHUiQ SDUWLFLSDU SHUVRQDV TXH WHQJDQ SDUHQWHVFR GHQWUR GHO FXDUWR JUDGR GH FRQVDQJXLQLGDG \ VHJXQGR GH DÀQLGDG FRQ TXLHQHV SUHSDUDURQ ODV SUXHEDV R SDUWLFLSHQ GHQWUR GHO SURFHVR GH VHOHFFLyQ ',6326,&,Ð1 2&7$9$ 1RWLÀFDFLyQ (O SXQWDMH REWHQLGR HQ ODV SUXHEDV SRU ORV SRVWXODQWHV VH QRWLÀFDUi HQ HO FRUUHR HOHFWUyQLFR VHxDODGR \ HQ OD SiJLQD :HE GHO 0XQLFLSLR /DV R ORV SRVWXODQWHV SRGUiQ VROLFLWDU OD UHYLVLyQ \ R UHFDOLÀFDFLyQ SRU HVFULWR GHELGDPHQWH IXQGD PHQWDGD HQ HO WpUPLQR GH WUHV GtDV TXH VH FRQWDUiQ D SDUWLU GH OD QRWLÀFDFLyQ SRU FRUUHR HOHFWUyQLFR \ OD SXEOLFDFLyQ GH UHVXOWDGRV HQ OD SiJLQD :HE OD TXH VHUi UHVXHOWD SRU HO 7ULEXQDO GH RSRVLFLyQ HQ HO SOD]R GH WUHV GtDV ',6326,&,Ð1 129(1$ ,PSXJQDFLyQ &XPSOLGRV ORV SOD]RV GHWHUPLQDGRV HQ ORV DUWtFXORV SUHFHGHQWHV VH SXEOLFDUDQ ORV UHVXOWDGRV ÀQDOHV HQ XQ GLDULR GH FLUFXODFLyQ QDFLRQDO SDUD TXH FXDOTXLHU SHUVRQD SXHGD SUHVHQWDU LPSXJQDFLyQ DQWH OD $OFDOGHVD R $OFDOGH GHO &DQWyQ HQ XQ SOD]R Pi[LPR GH FLQFR GtDV UHVSHFWR GH OD SURELGDG H LGRQHLGDG GH ORV SRVWXODQWHV ODV TXH GHEHUiQ IRU PXODUVH SRU HVFULWR GHELGDPHQWH IXQGDPHQWDGDV FRQ ÀUPD GH UHVSRQVDELOLGDG 3UHVHQWDGD OD LPSXJQDFLyQ VH FRUUHUi WUDVODGR DO SRVWXODQWH LPSXJQDGR SDUD TXH FRQWHVWH HQ HO SOD]R GH WUHV GtDV DGMXQWDGR ODV SUXHEDV UHODFLRQDGDV FRQ ORV KHFKRV &RQ OD GRFXPHQWDFLyQ UHFL ELGD OD $OFDOGHVD R $OFDOGH UHVROYHUi ODV LPSXJQDFLRQHV GHQWUR GHO FURQRJUDPD TXH HVWDEOH]FD OD 0XQLFLSDOLGDG \ TXH GHEHUi VHU SXEOLFDGR HQ OD SiJLQD :HE GHO 0XQLFLSLR &RQFOXLGR HO SHULRGR GH ,PSXJQDFLyQ VH HVWDEOHFHUi OD QyPLQD GHÀQLWLYD GH ORV SRVWXODQWHV TXH FRQWLQXDUiQ HQ HO SURFHVR TXLHQHV VHUiQ QRWLÀFDGRV HQ ODV GLUHFFLRQHV GH FRUUHR HOHFWUyQLFR VHxD ODGDV \ SXEOLFDGDV HQ OD SiJLQD :HE GH ORV 0XQLFLSLRV ',6326,&,Ð1 'e&,0$ 'HVLJQDFLyQ /D $OFDOGHVD R $OFDOGH SURFHGHUiQ GH ORV HOHJLEOHV D GHVLJQDU D OD SHUVRQD TXH KD\D REWHQLGR HO PD\RU SXQWDMH SDUD RFXSDU HO FDUJR UHVSHFWLYR (Q HO FDVR TXH SRU FXDOTXLHU HYHQWR QR VH SUHVHQWH HO SRVWXODQWH FRQ PD\RU SXQWDMH D SRVHVLRQDUVH HQ HO FDUJR VH GHVLJQDUi OD TXH OH VLJXH HQ SXQWXDFLyQ (Q FDVR GH SUHVHQWDUVH XQ HPSDWH HQ HO SURFHVR OD $OFDOGHVD R $OFDOGH GHFODUDUi JDQDGRU DO SRVWX ODQWH TXH FUH\HUH FRQYHQLHQWH SDUD ORV LQWHUHVHV LQVWLWXFLRQDOHV 0XLVQH 0D\R $E 'DQLHO %HUQDO %RGQL]D $/&$/'( '(/ &$1721 08,61(
ĉćēććć Ŋ
Ĺ? Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ĺ?
Ĺ? +. ÄŒĹ?
' -ĹŠ04#" ".ĹŠ $#!Äą 3 ".2ĹŠ#-ĹŠ .1! Ä“
Ĉ
Ä‘Ä‡Ĺ˜ĹŠ
"#ĹŠ+ 2ĹŠ5(5(#-" 2ĹŠ"#ĹŠ + ĹŠ+.! +(" "ĹŠ#23;-ĹŠ $#!3 " 2ĔŊ2#%ĂŒ-ĹŠ#+ĹŠ +! +"#Ä“
Ēćēććć Ŋ ' (3 -3#2Ŋ3(#-#Ŋ
.1! Ä“
(2,.2
- ĹŠ9.- ĹŠ/#+(%1.2 ĹŠ .1! ĔŊ2(34 " ĹŠ ĹŠÄ?ćŊ*,ĹŠ"#ĹŠ+ ĹŠ!(4" "ĹŠ"#ĹŠ Ĺ— 41!( ĔŊ#23;ĹŠ4 (! " ĹŠ#-!(, ĹŠ"#ĹŠ4- ĹŠ$ ++ Ä“ĹŠ ĹŠ +ĹŠ241#23#ĹŠ"#ĹŠ 2/  Ŋ#2ĹŠ4- ĹŠ"#ĹŠ+ 2ĹŠ Ĺ—9.- 2ĹŠ"#ĹŠ, 8.1ĹŠ/#+(%1.2(" "ĹŠ2~2,(! ĹŠ"#ĹŠ+ ĹŠ #-~-24+ Ä“
Ŋĥ 2Ŋ-.1, +Ŋ04#Ŋ2#Ŋ +! -!#-Ŋ#2 2Ŋ, %-(Ĺ ŗ34"#2ĔŊ/#1.Ŋ3 ,/.!.Ŋ3#-#,.2Ŋ!.-23 -!( Ŋ "#Ŋ, %-(34"#2Ŋ, 8.1#2Ŋ#-Ŋ+ Ŋ9.- ĢĔŊ "#!+ 1¢Ŋ#+Ŋ,(_1!.+#2Ŋ#+Ŋ"(1#!3.1Ŋ"#Ŋ+ Ŋ1#"Ŋ 2~2,(! Ŋ#2/  .+ ĔŊ ,(+(.Ŋ 11# .ē
Ŋ +Ŋ3#11#,.3.Ŋ/1."4).Ŋ"  .2Ŋ#-Ŋ+.! +(Ĺ ŗ" "#2Ŋ +#"  2Ŋ8Ŋ3 , (_-Ŋ#-Ŋ+ Ŋ1#%(¢-Ŋ"#Ŋ -" +4!~ Ŋĸ241Ěē
-3#-2#ĔŊ'#1(". ĹŠĹŠ #+ĹŠ + -!#ĹŠ"#ĹŠÄŠÄ‰ÄŒĹŠ'#1(".2ĔŊ+ ĹŠ Ĺ— #- ,(ĹŠ2.+.ĹŠ3(#-#ĹŠ!.-23 -!( ĹŠ"#ĹŠ4-ĹŠ
5 1¢-Ŋ#!4 3.1( -.Ŋ"#ŊĎĊŊ  .2ēŊ +Ŋ, -3#-2#Ŋ (!#-3#Ŋ -3.-(.Ŋ #+;2Ĺ 04#9Ŋ 1(.-#2Ŋ2#1;Ŋ./#1 ".Ŋ"#Ŋ$1 !34Ĺ 1 2Ŋ#-Ŋ242Ŋ".2Ŋ/(#1- 2ĔŊ#-Ŋ#+Ŋ'.2/(3 +Ŋ #(- Ŋ .$~ Ŋ#-Ŋ 41!( ēŊ - Ŋ!.1-(2 Ŋ+#Ŋ /+ 23¢Ŋ!4 -".Ŋ(-3#-3 Ŋ2 +5 1Ŋ+ Ŋ5(" Ŋ "#Ŋ".2Ŋ -!( - 2ē
ĹŠ , ) " ĹŠ"#ĹŠ !4 ".1ĹŠ#-ĹŠ 2Äą /  Ŋ!.-ă1,¢Ŋ04#ĹŠ-.ĹŠ' 8ĹŠÄĄ-(-%4- ĹŠ 5~!3(, ĹŠ,.13 +ĢŊ#-31#ĹŠ+.2ĹŠÄ?ēćććŊ #!4 3.1( -.2ĹŠ#,/ "1.- ".2ĹŠ#-ĹŠ+ ĹŠ !(4" "ĹŠ#2/  .+ ĹŠ"#ĹŠ .1! Ŋĸ24"#23#Ěē
Ä“ĹŠ 1#2ĹŠ' (3 -3#2ĹŠ"#ĹŠ .1! ĹŠ"# , 4+ -ĹŠ/.1ĹŠ4- ĹŠ! ++#ĹŠ++#- ĹŠ"#ĹŠ#2!., 1.2Ä“ĹŠ
,, ').)-Ćŋ#('#!, (. -ŋ (ŋ& ŋ &&
Ŋ, 8.1~ Ŋ"#Ŋ#!4 3.1( -.2Ŋ04#Ŋ5(5#-Ŋ #-Ŋ .1! Ŋ-.Ŋ3(#-#-Ŋ31 ).Ŋ8Ŋ#23;-Ŋ"41Ĺ ,(#-".Ŋ Ŋ+ Ŋ(-3#,/#1(#ē ¥ Ŋ ēŊ Ŋ ěŊ;djh[ [b feble o [b bWZh_bbe ce#
:[ cec[dje" feh bW Y_kZWZ Z[WcXkbWd c_b[i Z[ ZWcd_ÒYW# Zei Y[hYW Z[ (&$&&&" i[]‘d Wb# ]kdei c[Z_ei" [b c_ice d‘c[he gk[ Z[ _dc_]hWdj[i gk[ de iW# X[d i_ j_[d[d gk[ lebl[h W Zehc_h [d bW YWbb[$
b_Ze gk[ i_]k_ÂŒ Wb j[hh[ceje Z[ BehYW" [d ;ifW‹W" [b [YkWjeh_Wde Bk_i EY^eW Yec[dpÂŒ W h[YedeY[h [d bWi [igk_dWi bei heijhei Z[ iki YecfWjh_ejWi$ ÆIecei c_b[i bei gk[ ^[cei bb[]WZe W BehYW W jhWXW`Wh [d bW #23(,.-(. YedijhkYY_ÂŒd e [d bWi Ye# ÆBW Yh_i_i i[ [ij| Y[XWdZe i[Y^Wi$ BW Yh_i_i dei ^W ĹŠ Yed ;ifW‹W o Yed bW YbWi[ ]ebf[WZe ckY^e" bW ][dj[ _dc_]hWdj[$ BWi \Wc_b_Wi l_l[ Wb b‡c_j[$ J[d‡Wcei bW de fk[Z[d [djhWh [d bWi [if[hWdpW Z[ gk[ fWiWhW -ĹŠ2(2,.ĹŠ$4#ĹŠ YWiWi fehgk[ bWi Wkjeh_# 1#%(231 ".ĹŠ ĹŠ+ ĹŠ Wb]e" f[he dkdYW kd j[hh[# ĈĖČÄ?ĹŠ/Ä“,Ä“ĹŠ"#+ĹŠ ZWZ[i be ^Wd fhe^_X_Ze" ,(_1!.+#2Ŋĸ'.1 ĹŠ Zk[hc[d [d bW YWbb[ Yece cejeÇ" Yec[djW$ #!4 3.1( - ĚĔŊ 9[hYW Z[b (& Z[ bW '.1 2ĹŠ"#2/4_2ĹŠ fk[Z[d$ ;d [b YWcfe Z[ "#ĹŠ4-ĹŠ/1(,#1ĹŠ feXbWY_ÂŒd Z[ BehYW ied 3#, +.1ĹŠ"#ĹŠ, %Äą IWdjW Gk_j[h_W" ZedZ[ dei _dc_]hWdj[i" bW cWoeh‡W -(34"ĹŠÄŒÄ”ÄŒĹŠ04#ĹŠ2#ĹŠ h[kd_cei fWhW `k]Wh Wb le# /1."4).ĹŠ ĹŠ+ 2ĹŠ Z[ [bbei [YkWjeh_Wdei gk[ ÄˆÄ‡Ä–Ä‡ÄŽĹŠ Ä“,ēŊĸ'.1 ĹŠ b[o e Yec[h" ^Wo Y_[djei Z[ ^Wd bb[]WZe [d bei ‘bj_cei #!4 3.1( - ĚŊ#-ĹŠ \Wc_b_WiÇ" Z[jWbbW EY^eW" #+ĹŠ,(2,.ĹŠ+4% 1Ä“ Z_[p W‹ei$ D_d]kdW Z[ bWi fh[i_Z[dj[ Z[ bW 7ieY_W# eY^e l‡Yj_cWi cehjWb[i [i Y_ÂŒd Z[ ?dc_]hWdj[i ?dj_# Z[ [ijW dWY_edWb_ZWZ" f[he ĹŠ hWoc_ gk[ YebWXehW [d bW i‡ bWi bWh]Wi YebWi Z[ \Wc_# h[fWhj_Y_ÂŒd Z[ Wb_c[djei o WokZWi$ b_Wi gk[ Zk[hc[d [d bW YW# ;b j[hh[ceje be W]W# bb[ W bW _dj[cf[h_[ o gk[ de Ä’ĹŠ/#12.- 2ĹŠ ,41(#1.-ĹŠ8ĹŠÄŠÄ‰ÄŒĹŠ j_[d[d dWZW" iWble be gk[ 1#24+3 1.-ĹŠ'#1(Äą hhÂŒ [d kdW YkWhjW fbWd# " 2ĹŠ/.1ĹŠ#+ĹŠ2(2,.Ä“ bb[lWd [dY_cW$ jW" ieXh[ kd Y[djhe fWhW ;b 9edikbWZe [YkWje# bW j[hY[hW [ZWZ$ Æ<k[ h_Wde [d CkhY_W ^W dej_Ă’YWZe XhkjWb$ :[iZ[ [b ik[be l[d‡W kd kd ^[h_Ze c_[djhWi h[‘d[ c|i cel_c_[dje Yece i_ \k[i[ kdW ebW o bk[]e jeZe Yec[dpÂŒ W Z[i# _d\ehcWY_ÂŒd Z[ bei W\[YjWZei$
cehedWhi[$ BWi YWbb[i o YWiWi Z[ bW BehYW Wdj_]kW [ij|d YWi_ Z[i# jhk_ZWiÇ" i[ bWc[djW c_[djhWi h[Yk[hZW bei WjhWYj_lei gk[ Z[i# f[hjWXW bW Y_kZWZ o bW h[]_ÂŒd W iki fW_iWdei$ (34 !(¢-ĹŠ!1~3(!
ÆCkY^ei ied YWcf[i_dei e _d# Z‡][dWi Z[ [djehdei hkhWb[i o BehYW b[i h[YehZWXW W ik j_[hhW$ ;d bei ‘bj_cei W‹ei ^Wd bb[]WZe Whgk_j[Yjei" [d\[hc[hWi" fhe\[# i_edWb[i W jhWXW`Wh [d bW h[Ye]_ZW Z[ bW \hkjW e Z[b Yk_ZWZe Z[ fe# bbei$ FW]Wd kdei KI + bW ^ehW o W l[Y[i d_ fW]Wd fehgk[ [b Zk[‹e Z[ bW [cfh[iW Z[iWfWh[Y[Ç" Z[jW# bbW EY^eW$ ÆBW i_jkWY_ÂŒd [i Yh‡j_YW" Z[# i[if[hWdj[$ >Wo \Wc_b_Wi gk[ de j_[d[d fWhW [b Whh_[dZe d_ fWhW Wb_c[djei$ D[Y[i_jWd WokZW" o de iebe [YedÂŒc_YW" jWcX_ƒd i_YebÂŒ# ]_YWÇ" W]h[]W$
ĹŠ143 ĹŠ"#+ĹŠ"#2#,/+#.
BW gk_j[‹W B[_Z_ F_i^_iWYW bb[]ÂŒ W BehYW Z[ifkƒi Z[ _dj[djWh [d# YedjhWh kd jhWXW`e [d CWZh_Z$ B[_Z_ [i kdW Z[ bWi ZWcd_Ă’YWZWi gk[ ^Wd fWiWZe bW deY^[ [d bW YWbb[$ ÆDe feZ[cei [djhWh o WZ[# c|i de i[h‡W YWfWp Z[ Zehc_h jhWdgk_bW [d kd [Z_Ă’Y_e bb[de Z[ ]h_[jWi$ 7gk‡ dei WokZWcei [d# jh[ jeZei o W\ehjkdWZWc[dj[ de [i _dl_[hde$ FeZh‡Wcei fW]Wh
Ä“ĹŠ -ĹŠ%14/.ĹŠ"#ĹŠ/#12.- 2ĹŠ' !#-ĹŠ!.+ ĹŠĹŠ -3#ĹŠ4- ĹŠ3(#-" ĹŠ"#ĹŠ 84" ĹŠ"#ĹŠ+ ĹŠ 149ĹŠ .) Ä“ĹŠ
kd ^ej[b" f[he dei \kdZ_h‡Wcei bei feYei W^ehhei gk[ j[d[ceiÇ" W‹WZ[ ceb[ijW$ ÆFWh[Y[ gk[ bW Yh_i_i dei i_# ]k_[hW$ I[]khWc[dj[ h[]h[iW# h[cei W ;YkWZeh" f[he de gk_[# he lebl[h Yed [ijW i[diWY_ÂŒd Z[ \hkijhWY_ÂŒdÇ" ikXhWoW$ .+.ĹŠ31 ) 1ĹŠ8ĹŠ31 ) 1
:[iZ[ JejWdW" beYWb_ZWZ Y[hYWdW W BehYW i[‹WbWZW Yece [f_Y[d# jhe Z[b j[hh[ceje" bW [YkWjeh_WdW =bWZoi 9WcWi l[ YÂŒce Z[iĂ’bWd Z[Y[dWi Z[ WcXkbWdY_Wi [djh[ BehYW o CkhY_W$ ÆDe iWX‡W gk[ [ij|XWcei [d kdW pedW i‡ic_YW$ ;d ;YkWZeh i‡ l_l‡ Wb]‘d j[cXbeh" f[he dkdYW Yece [ij[$ 7^ehW j[d]e ckY^e c_[Ze Z[ i[]k_h l_l_[dZe Wgk‡Ç" Z[jWbbW bW ck`[h gk[ WZ[c|i Ye#
ehZ_dW kdW WieY_WY_ÂŒd Z[ ck`[# h[i [YkWjeh_WdWi$ Æ;ifW‹eb[i o [YkWjeh_Wdei dei [Y^Wcei bW cWde [d [ij[ j[hh[ceje o [d [b ejhe" [b Z[ bW Yh_i_i$ ;d c_ YWie" gk_[he W]kWd# jWh kdei W‹ei f[he bk[]e h[]h[# iWh$ 7gk‡ iebe dei Z[Z_YWcei W jhWXW`Wh o jhWXW`Wh o Z[`Wcei W dk[ijhei d_‹ei iebeiÇ" Z[jWbbW c_[djhWi i[‹WbW gk[ i[ Z_h_][ ^WY_W [b H[Y_dje \[h_Wb Z[ IWdjW Gk_j[h_W$ 7bb‡ gk[ZW [b [f_Y[djhe Z[ bW Yeckd_ZWZ [YkWjeh_WdW [d Beh# YW$ Æ7bb‡ dei h[kd_cei W `k]Wh" W fheXWh dk[ijhei ^ehdWZei" W [i# YkY^Wh c‘i_YW" W _dj[hYWcX_Wh YeiWi$ 7^ehW j[d[cei gk[ ZWh# dei Wfeoe" h[kd_hdeiÇ" WfkdjW$ ÆBW i_jkWY_ÂŒd" h[Wbc[dj[" [i cko jh_ij[ fWhW deiejheiÇ" h[ikc[$
ĉ
Ĺ? Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ĺ?
Ĺ? +. ÄŒĹ?
ŋ ŋ *,#' ,ŋ* -)ŋ * , ŋ )(.,)& ,ŋ -/-ŋ ,)(. , ĔŊ ēěŊŊ Bei fW‡i[i [khe#
f[ei WYehZWhed [nWc_dWh bW fhe# fk[ijW Z[ bW 9ec_i_ÂŒd ;khef[W fWhW h[_djheZkY_h bei Yedjheb[i Yece Ƒbj_ce h[YkhieÇ o [d ÆYed# Z_Y_ed[i YbWhWc[dj[ Z[Ă’d_ZWi o [nY[fY_edWb[iÇ" i[]‘d _dZ_YÂŒ bW Yec_iWh_W Z[ ?dc_]hWY_ÂŒd" 9[# Y_b_W CWbcijhÂ?c" ZkhWdj[ kdW Y_jW [d 8hki[bWi Z[ c_d_ijhei Z[b ?dj[h_eh Z[ bW K;$ ;b _dYh[c[dje Z[ bWi bb[]WZWi
Z[ _dc_]hWdj[i dehW\h_YWdei W ;khefW W hW‡p Z[ bW Ăˆfh_cW# l[hW |hWX[É ^W ^[Y^e fbWd# j[Wh W bei (- fW‡i[i kdW h[l_# i_ÂŒd Z[b jhWjWZe Z[ IY^[d][d Z[ b_Xh[ Y_hYkbWY_ÂŒd" gk[ h[# fh[i[djW [b Z[h[Y^e c|i jWd# ]_Xb[ Z[ bei [khef[ei$ 9ed [ijW c[Z_ZW" bW kd_ÂŒd Z[ fW‡i[i XkiYW ^WY[hb[ \h[d# j[ W bW _dc_]hWY_ÂŒd _b[]Wb$ :[ bWi -+&$&&& f[hiedWi gk[ ^ko[hed [d bWi ‘bj_cWi i[cWdWi Z[b YedĂ“_Yje b_X_e" iÂŒbe ÆkdWi feYWi bb[]Whed W ;khefW" f[he ied ikĂ’Y_[d# j[i Yece fWhW ^WY[hdei h[# Ă“[n_edWh ieXh[ YÂŒce Z[X[# cei W\hedjWhÇ bW i_jkWY_ÂŒd" Wh]kc[djÂŒ CWbcijhÂ?c$ :[ W^‡ gk[ bei fW‡i[i Z[ bW Kd_ÂŒd ;khef[W ^WoWd Z[Y_Z_# Ze [ijkZ_Wh bW fei_X_b_ZWZ Z[ h[_dijWkhWh Yedjheb[i \hedj[h_# pei" kdW Yk[ij_ÂŒd gk[ bei `[\[i Z[ ;ijWZe o Z[ ]eX_[hde leb# l[h|d W Z[XWj_h [d kdW Ykc# Xh[ [b (* Z[ `kd_e [d 8hki[bWi" i[]‘d bW Yec_iWh_W [khef[W$
ēŊ 4#%.Ŋ"#Ŋ04#Ŋ2#Ŋ#2/#!4+ 1 Ŋ!.-Ŋ24Ŋ,4#13#ĔŊ+ Ŋ3#+#5(2(¢-Ŋ ( ( Ŋ+.Ŋ,.231¢Ŋ#-Ŋ4-Ŋ'.3#+Ŋ"#Ŋ 1~/.+(Ŋ#-Ŋ4- Ŋ1#4-(¢-Ŋ !.-Ŋ)#$#2Ŋ31( +#2ē
Ă°Ĺ‹, * ,
ēŊ -Ŋ+#31#1.Ŋ(-"(! Ŋ+ Ŋ++#% " Ŋ Ŋ3#11(3.1(.Ŋ" -_2ĔŊ#-Ŋ+ Ŋ$1.-3#1 Ŋ#-31#Ŋ +#, -( Ŋ8Ŋ (- , 1! ē
(.)-ąŋ &ŋ ŋ' 3),ŋ -#'* .v ŋ (ŋ& ŋ, !#š( :ĔŊ Ŋ ēěŊŊ;b fh[i_Z[dj[
YebecX_Wde ikf[hW W iki ^ecŒ# be]ei Z[ L[d[pk[bW o ;YkWZeh$ 7i‡ be h[l[bŒ kdW [dYk[ijW gk[ c_Z_Œ bW \WlehWX_b_ZWZ" [d YWZW fW‡i" Z[ bei fh[i_Z[dj[i @kWd CWdk[b IWdjei" Z[ 9ebec# X_W1 HW\W[b 9ehh[W" Z[ ;YkWZeh" o >k]e 9^|l[p" Z[ L[d[pk[bW$ I[]‘d [b iedZ[e" IWdjei ]epW Z[ bW i_cfWj‡W Z[b -("' Z[ bei YebecX_Wdei" Z[b *("/ Z[ bei [YkWjeh_Wdei o Z[b +."+ Z[ bei l[d[pebWdei$ BW [dYk[ijW" h[Wb_pWZW feh [b 9ediehY_e 9_cW" h[l[bW gk[ [b fh[i_Z[dj[ l[d[pebWde de ]epW Z[ kdW ]hWd WY[fjWY_Œd [d [b l[Y_dZWh_e$ I[]‘d [b [ijkZ_e" 9^|l[p j_[# d[ bW cWoeh WY[fjWY_Œd [d ik fW‡i" Yed [b */"/ 1 f[he [d ;YkW# Zeh [iW Y_\hW XW`W Wb (-"+ o [d 9ebecX_W iebe bb[]W Wb '-", $ ;ije ck[ijhW gk[ [d L[d[# pk[bW ^Wo c|i i_cfWj‡W feh IWdjei gk[ feh ik febƒc_Ye Fh[i_Z[dj[$
#+Ŋ+~"#1Ŋ+( (.Ŋ-.Ŋ2#Ŋ3#-~ Ŋ-.3(!( Ŋ"#2"#Ŋ #+ŊĊćŊ"#Ŋ 1(+ēŊ .Ŋ' Ŋ -".- ".Ŋ24Ŋ / ~2ĔŊ Ŋ/#2 1Ŋ"#Ŋ+.2Ŋ 3 04#2ē } ēŊ ¥ Ŋ ĔŊ ěŊŊ ;b b‡Z[h b_X_e CkWc#
cWh Wb =WZWĂ’ WfWh[Y_ÂŒ [d kdW h[kd_ÂŒd Yed b‡Z[h[i jh_XWb[i" [d kd l_Z[e i_d WkZ_e" bk[]e Z[ gk[ de i[ jkl_[hW dej_Y_W Z[ ƒb Z[iZ[ [b )& Z[ WXh_b fWiWZe o gk[ i[ [i# f[YkbWhW Yed ik ck[hj[" j[d_[d# Ze [d Yk[djW bei XecXWhZ[ei gk[ bei Wb_WZei _dj[di_\_YWhed YedjhW Jh‡feb_$ :[ ^[Y^e" Wdj[i Z[ [ij[ l_Z[e" [b l_YWh_e WfeijÂŒb_Ye [d B_X_W" [b eX_ife =_elWdd_ ?ddeY[dpe CWhj_d[bb_" jkle gk[ iWb_h W Z[Y_h# b[ W ik fW‡i gk[ CkWcWh Wb =W# ZWĂ’ [ij| l_le" gk[ fei_Xb[c[dj[ ^WoW WXWdZedWZe Jh‡feb_" f[he gk[ i_]k[ [d B_X_W" [d kdW pedW Z[iƒhj_YW$ .ĹŠ' 8ĹŠ+43.
Ä“ĹŠ +ĹŠ -" 3 1(.ĹŠ !.+., ( -.ĹŠ+#ĹŠ% - ĹŠ ĹŠ242ĹŠ!.+#% 2ĹŠ #-ĹŠ/./4+ 1(" "Ä“ĹŠ 1!'(5.
;d be gk[ j_[d[ gk[ l[h Yed 9ehh[W" [d ;YkWZeh j_[# d[ kd ,)"' " c_[djhWi gk[ [d L[d[pk[bW bb[]W Wb **", o [d 9ebecX_W [ij| [d [b )'"+ " kdW Y_\hW XWijWdj[ dejeh_W Z[ bW XW`W fefkbWh_ZWZ Z[ ƒij[$
ÆI_ Wb]k_[d ck[h[" ^Wo i[‹W# b[i _d[gk‡leYWi Z[ gk[ de fWiWd Z[iWf[hY_X_ZWi$ BW ck[hj[" [b bkje" [i Wb]e gk[ de i[ fk[Z[ [i# YedZ[h o ^Wo kd ^[Y^e gk[ ^WXbW0 bW ck`[h[i bbehWd [d bei fWj_ei Z[ bWi YWiWi YkWdZe kde ck[h[$ Kd eYY_Z[djWb de be [dj_[dZ[" f[he [d bW ieY_[ZWZ |hWX[#X[Zk_dW [i Wi‡$ BW ck[hj[ [i kdW YeiW Z[ je# Zei o feh =WZWĂ’ de i[ l[ dWZW fWh[Y_Ze$ Feh [bbe [ijeo i[]khe Z[ gk[ de ^W ck[hjeÇ" WĂ’hcÂŒ [b fh[bWZe$ 1~3(! 2
CWhj_d[bb_" [d Z[YbWhWY_ed[i W bW W][dY_W lWj_YWdW 7i_Wdm[i" Yh_# j_YÂŒ jWcX_ƒd bei XecXWhZ[ei Z[ bW EJ7D o WĂ’hcÂŒ gk[ bei Wb_WZei ÆWhhe`Wd bWi XecXWi Yece i_ \k[# hWd f[hbWi" i_d Yh_j[h_eÇ$ ;b eX_ife YedĂ’hcÂŒ gk[ YkWjhe d_‹ei h[ikbjWhed ^[h_Zei ZkhWd# j[ bei XecXWhZ[ei Z[ bW deY^[ Z[b / o bW cWZhk]WZW Z[b '&" fWhW eXb_]Wh W =WZWĂ’ W bW h[dZ_Y_ÂŒd" ieXh[ Jh‡feb_" o Z[dkdY_ÂŒ gk[ bWi XecXWi YWo[hed ieXh[ [Z_Ă’Y_ei Y_l_b[i o Wb bWZe Z[ kd ^eif_jWb$
Æ=WZWĂ’ de ^W ck[hje" [ij| l_le$ Fei_Xb[c[dj[ ^W WXWdZedW# Ze Jh‡feb_" f[he c_ _cfh[i_ÂŒd [i gk[ [ij| [d B_X_WÇ" Z_`e Wo[h CWhj_d[bb_ W bei c[Z_ei _jWb_Wdei" XWiWdZe ik WĂ’hcWY_ÂŒd Æ[d gk[ de i[ l[d i[‹Wb[i Z[ bkjeÇ h[bW# Y_edWZWi Yed =WZWĂ’$ ;b eX_ife YWjÂŒb_Ye cWd_\[ijÂŒ gk[ ƒb l_l[ Wbb‡" [d c[Z_e Z[ bW ÄĽ -2  ,(#-3.ÄŚ ][dj[ o gk[ YedeY[ jeZWi bWi Yei# ;b l_YWh_e CWhj_d[bb_ W]h[]ÂŒ gk[ jkcXh[i o bei YÂŒZ_]ei ieY_Wb[i$ bWi XecXWi Yh[Wd YWZW Z‡W gk[
ĹŒÄ?ĎćŊ,(++.-#2ĹŠ+#ĹŠ !4#23 ĹŠ ĹŠ Ä“ Ä“ĹŠ %4#11 ĹŠ#-ĹŠ ( ( ĹŠĹŠ +ĹŠ2#!1#3 1(.ĹŠ"#ĹŠ #$#-2 ĹŠ-.1Äą Ĺ—3# ,#1(! -.ĔŊ . #13ĹŠ 3#2ĔŊ"().ĹŠ
8#1ĹŠ04#ĹŠ+ ĹŠ%4#11 ĹŠ _1# ĹŠ#-ĹŠ ( ( ĹŠ ' ĹŠ!.23 ".ĹŠ ĹŠ 23 ".2ĹŠ -(".2ĹŠ' 23 ĹŠ '.1 ĹŠ +1#"#".1ĹŠ"#ĹŠÄ?ĎćŊ,(++.-#2ĹŠ "#ĹŠ"¢+ 1#2ĔŊ,;2ĹŠ"#ĹŠ+.ĹŠ(-(!( +,#-3#ĹŠ /1#5(23.ĹŠ/.1ĹŠ#+ĹŠ #-3;%.-.Ä“ ÄĄ 2ĹŠ/1. +#ĹŠ04#ĹŠ#-ĹŠ#23#ĹŠ/4-3.ĹŠ #23#,.2ĹŠ!#1! ĹŠ"#ĹŠ+.2ĹŠÄ?ĎćŊ,(++.-#2ĹŠ "#ĹŠ"¢+ 1#2ĢĔŊ(-$.1,¢Ŋ 3#2ĹŠ ĹŠ+.2ĹŠ 2.+" ".2ĹŠ"41 -3#ĹŠ4- ĹŠ5(2(3 ĹŠ ĹŠ ,/ĹŠ
#)#4-#ĹŠ#-ĹŠ 1.+(- ĹŠ"#+ĹŠ .13#Ä“ +ĹŠ #-3;%.-.ĹŠ' ~ ĹŠ#23(, ".ĹŠ /1#5( ,#-3#ĹŠ04#ĹŠ+ ĹŠ./#1 !(¢-ĹŠ' 1~ ĹŠ !.23 ".ĹŠÄ?Ä‡ÄŒĹŠ,(++.-#2ĹŠ"#ĹŠ"¢+ 1#2ĹŠ "#2"#ĹŠ#+ĹŠÄˆÄ’ĹŠ"#ĹŠ, 19.ĔŊ"~ ĹŠ#-ĹŠ04#ĹŠ2#ĹŠ (-(!( 1.-ĹŠ+.2ĹŠ ., 1"#.2ĹŠ _1#.2ĔŊ ' 23 ĹŠ#+ĹŠÄŒĹŠ"#ĹŠ 1(+Ä“ĹŠ "#,;2ĔŊ+.2ĹŠ$4-!(.- 1(.2ĹŠ' ~ -ĹŠ /1#5(23.ĹŠ04#ĹŠ#+ĹŠ!.23.ĹŠ"#ĹŠ+ ĹŠ./#1 Äą !(¢-ĹŠ/."~ ĹŠ2#1ĹŠ"#ĹŠ +1#"#".1ĹŠ"#ĹŠÄŒÄ‡ĹŠ ,(++.-#2ĹŠ"#ĹŠ"¢+ 1#2ĹŠ/.1ĹŠ,#2Ä“
fWiW cWoeh[i o ]hWl[i fheXb[# cWi W bW feXbWY_ÂŒd o gk[ i[ l[d feh bWi YWbb[i ÆcWZh[i o d_‹ei Z[i[if[hWZei" WXWdZedWZei W ik ik[hj[Ç$ ;b eX_ife Z[dkdY_ÂŒ kd Æ[diW‹Wc_[djeÇ Z[ bW EJ7D Ægk[ j_[d[ Yece eX`[j_le Z[ijhk_h W =WZWĂ’ o ik ][dj[Ç o ikXhWoÂŒ gk[ ÆfWhW fh[dZ[hbe de fk[Z[d Z[ijhk_h W jeZW ik ][dj[Ç$
(/Ŋ#!.+¢%(!. .Ŋ3(1#Ŋ#+Ŋ !#(3#Ŋ/.1Ŋ+.2Ŋ$1#% "#1.2ēŊ +.3 Ŋ2. 1#Ŋ#+Ŋ %4 Ŋ8Ŋ#2Ŋ,48Ŋ"($~!(+Ŋ"#Ŋ #+(,(- 1ē
Ĺ? Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ĺ?
Ĺ? +. ÄŒĹ?
ÄŠ
)-Ĺ‹* v- -Ĺ‹- Ĺ‹/( (Ĺ‹ ,).) )&)Ĺ‹ Ĺ‹ #) #0 ,-#
ēŊ +Ŋ /.13#Ŋ Ŋ+ 2Ŋ !3(5(" "#2Ŋ#!.-¢,(! 2Ŋ2.23#-( +#2Ŋ#2Ŋ4- Ŋ"#Ŋ+ 2Ŋ,#3 2ē
ŋ (#š(ŋ /,)* ŋ , .#ð ŋ-/ŋ *)3)ŋ ' # (. & +Ŋ, -#).Ŋ"#Ŋ+.2Ŋ 1#2("4.2Ŋ2¢+(".2Ŋ #2Ŋ+ Ŋ/1(-!(/ +Ŋ/1.Ĺ +#,;3(! Ŋ04#Ŋ2#Ŋ "#2# Ŋ#-$1#-3 1ē
BW h_gk[pW dWjkhWb gk[ fei[[ ;YkWZeh [i _dlWbkWXb[" f[he W bW l[p h[gk_[h[ Z[ c‘bj_fb[i [i\k[hpei fWhW ik Yedi[hlW# Y_ÂŒd$ ;i Wi‡ gk[ bW Kd_ÂŒd ;k# hef[W K; \_dWdY_W lWh_ei fheo[Yjei c[Z_eWcX_[djWb[i Ä“ĹŠ .2ĹŠ/1.8#!3.2ĹŠ#23;-ĹŠ [d bWi YkWjhe h[]_ed[i Z[b #-$.! ".2ĹŠ ĹŠ!.-2#15 1ĹŠ+ ĹŠ- 341 +#9 ĹŠ fW‡i gk[ [ij|d [d\eYWZei [d 8ĹŠ/1.,.5#1ĹŠ#+ĹŠ"#2 11.++.Ä“ bW bkY^W YedjhW [b YWcX_e Yb_# c|j_Ye" bW fh[i[hlWY_ÂŒd Z[ bW ][d[hWY_ed[iÇ" i[‹WbÂŒ CWkhe X_eZ_l[hi_ZWZ" bW h[ZkYY_ÂŒd CWh_Wd_" Yedi[`[he feb‡j_Ye Z[ Z[ bei fheXb[cWi Z[ iWbkZ Z[# bW :[b[]WY_ÂŒd Z[ bW K; [d ;YkW# h_lWZei Z[ bW YedjWc_dWY_ÂŒd Zeh$ WcX_[djWb o bW kj_b_pWY_ÂŒd Z[ bei h[Ykhiei dWjkhWb[i Z[ cW# #, ĹŠ!#-31 + CWh_Wd_ h[iWbjÂŒ gk[ Æ[b h[Y_# d[hW h[ifediWXb[$ Feh [b Wd_l[hiWh_e YbW`[ Z[ bei Z[i[Y^ei iÂŒ# ,' Z[ bW :[YbWhWY_ÂŒd Z[ ĹŠ b_Zei o b‡gk_Zei [i Wb]e gk[ h[gk_[h[ Z[ c|i IY^kcWd / Z[ cWoe " gk[ Z_e Yec_[dpe W bW WfeoeÇ" feh be gk[ h[Wb_# _dj[]hWY_ÂŒd [khef[W" bW 23 ĹŠ#+ĹŠÄˆÄŽĹŠ"#ĹŠ pWd bW Wi_ij[dY_W jƒYd_YW , 8.ĹŠ2#ĹŠ#7/.Äą K; h[Wb_pW kd h[Yehh_Ze -#-ĹŠ#-ĹŠ#+ĹŠ 1"~-ĹŠ o \_dWdY_[hW Z[ '' fhe# feh bei fheo[Yjei Z[ cW# .3;-(!.Ŋĸ 4(3.ĚŊ o[Yjei Z[ [ij[ j_fe [d '. +.2ĹŠ"($#1#-3#2ĹŠ d[`e Z[ Z[i[Y^ei iÂŒb_Zei /1.8#!3.2ĹŠ$(- -Äą ckd_Y_f_ei$ !( ".2ĹŠ#-ĹŠ#+ĹŠ/ ~2Ä“ gk[ WfeoW [d [b j[hh_je# Feh [`[cfbe" [d ;b Ehe [n_ij[d fbWd[i fWhW bW ][i# h_e [YkWjeh_Wde$ ÆBW K; gk_[h[ Y[# ĹŠ j_ÂŒd o [b cWd[`e _dj[]hWb Z[ bei Z[i[Y^ei iÂŒb_Zei [d b[XhWh [ijW \[Y^W [d ;YkWZeh" lWbeh_pWdZe YWdjed[i Yece CWhYWX[b‡" bWi [nf[h_[dY_Wi Z[ Wfe# -31#ŊĉććĊŊ8ĹŠ ĉććđĔŊ+ ĹŠ ĹŠ"#2Äą 8WbiW o FWiW`[$ 7Z[c|i oe c[Z_eWcX_[djWb[i 3(-Â˘ĹŠÄˆÄ‘Ä”ÄŒÄ?ĹŠ,(++.Äą [d ;ic[hWbZWi i[ X[d[Ă’# o h[Ă“[`Wh [b Z[iW\‡e gk[ -#2ĹŠ"#ĹŠ#41.2ĹŠ Y_Wd IWd Beh[dpe" CWjW`[" / 1 ĹŠ/.+~3(! 2ĹŠ dk[ijhW ][d[hWY_ÂŒd [ij| , (#-3 +#2ĹŠ#-ĹŠ Gk_d_dZƒ" H_YWkhj[" [djh[ !4 ".1Ä“ fWiWdZe W bWi \kjkhWi ejhei$
ĹŠ ĔŊ ĹŠÄ› @WfÂŒd [ ?d# Z_W Ă’hcWhed [b c_ƒhYeb[i fWiWZe [d bW EDK [b FhejeYebe Z[ DW]e# oW ieXh[ 8_eZ_l[hi_ZWZ" gk[ Yh[W feh fh_c[hW l[p kd cWhYe b[]Wb fWhW ]WhWdj_pWh [b kie o Z_ijh_Xk# Y_ÂŒd [gk_jWj_lW Z[ bW [nfbejWY_ÂŒd Z[ bei h[Ykhiei ][dƒj_Yei$ >_Z[a_ C_dWc_aWmW" l_Y[c_# d_ijhe WZc_d_ijhWj_le Z[ C[Z_e 7cX_[dj[ Z[ @WfÂŒd" o @W_hWc 7hc[i" c_d_ijhe Z[ C[Z_e 7c# X_[dj[ o 8eigk[i Z[ ?dZ_W" Ă’hcW# hed [b jhWjWZe ieXh[ bW fhej[YY_ÂŒd Z[ bW X_eZ_l[hi_ZWZ WbYWdpWZe [d DW]eoW @WfÂŒd [d (&'& o Wd_# cWhed W ejhei fW‡i[i W i[]k_h ik [`[cfbe$
[b Yecfhec_ie Z[ bWi dWY_ed[i fWhW [ijWXb[Y[h kdW YkejW Z[ fhej[YY_ÂŒd Z[b '- Z[ bWi ikf[h# Ă’Y_[i j[hh[ijh[i o Z[b '& fWhW bWi cWh_dWi [d (&(&$ I_d [cXWh]e" fWhW gk[ i[ Yedl_[hjW [d b[o _dj[hdWY_edWb o [djh[ [d l_]eh" [i d[Y[iWh_e gk[ ^WoWd +& fW‡i[i gk[ be Ă’hc[d o Yec_[dY[d iki h[if[Yj_lei fhe# Y[Z_c_[djei Z[ hWj_Ă’YWY_ÂŒd [d bei fWhbWc[djei dWY_edWb[i$ Æ;if[hWcei gk[ [b jhWjWZe i[W Ă’hcWZe feh [b cWoeh d‘c[# he Z[ fW‡i[i [d [b c[deh j_[cfe fei_Xb[Ç" _dZ_YÂŒ HWc[i^" gk_[d bbWcÂŒ W bW Yeef[hWY_ÂŒd Z[ jeZei bei j[hh_jeh_ei [d cWj[h_W Z[ X_e# Z_l[hi_ZWZ o f_Z_ÂŒ W bWi dWY_ed[i gk[ W‘d de be ^Wd hWj_Ă’YWZe W 4, 1ĹŠ,;2 ;b FhejeYebe Z[ DW]eoW ][d[hÂŒ ^WY[hbe ÆYkWdje Wdj[iÇ$
41(2,.Ŋ8 !.-2#15 !(¢ŊŊŊ -Ŋ#+Ŋ-.1.!!("#-3#Ŋ"#Ŋ (!'(-!' ĔŊ ŗ+ Ŋ 4-" !(¢-Ŋ 204#+Ŋ$.13 +#!#Ŋ#+Ŋ
341(2,.ĹŠ2.23#-( +#ĹŠ!.-ĹŠ#+ĹŠÄƒ- -!( Äą ,(#-3.ĹŠ#41./#.Ä“ĹŠ "#,;2ĔŊ#-ĹŠ Äą +;/ %.2ĹŠ#7(23#-ĹŠ5 1(.2ĹŠ/+ -#2ĹŠ/ 1 ĹŠ !.-2#15 1ĹŠ24ĹŠ (."(5#12(" "ĹŠ04#ĹŠ2.-ĹŠ #)#!43 ".2ĹŠ/.1ĹŠ+ ĹŠ 4-" !(¢-ĹŠ/ 1 ĹŠ#+ĹŠ #2 11.++.ĹŠ +3#1- 3(5.ĹŠ8ĹŠ #2/.-2 Äą +#ĹŠ"#ĹŠ +;/ %.2Ä“
31.2ĹŠ #-#ă!(.2
Æ;d jeZWi bWi h[]_ed[i ^Wo kdW cko Xk[dW h[ifk[ijW o i[ [i# j|d h[iebl_[dZe fheXb[cWi YedYh[jeiÇ" W]h[]ÂŒ CWh_Wde$ ;d [b YWdjÂŒd E‹W 7pkWo o [d IWhW]khe Be`W _cfb[c[d# jWd fhe]hWcWi fWhW c[`ehWh bWi YedZ_Y_ed[i Z[ l_ZW Z[ bei ^WX_jWdj[i hkhWb[i W jhWlƒi Z[ kd WYY[ie W i[hl_Y_ei Z[ W]kW fejWXb[ o iWd[Wc_[dje$ 7i_# c_ice" [d bW \hedj[hW ikh i[ XkiYW YedjhebWh bW Z[i[hj_Ă’YW# Y_ÂŒd fheY[ie Z[ Z[]hWZWY_ÂŒd [YebÂŒ]_YW [d [b gk[ [b ik[be \ƒhj_b o fheZkYj_le f_[hZ[ je# jWb e fWhY_Wbc[dj[ [b fej[dY_Wb Z[ fheZkYY_ÂŒd [d PWfej_bbe ;YkWZeh o BWdYed[i F[h‘ $ BWi Wbj[hdWj_lWi [YedÂŒc_YWi ieij[d_Xb[i" Yece bW Yec[hY_W# b_pWY_ÂŒd Z[ Ă’XhW Z[ WbfWYW [d FWjeYeY^W 9W‹Wh o bei Ykb# j_lei \hkjWb[i fWhW fheZkY_h c[hc[bWZWi [d I_]i_fWcXW ?cXWXkhW " ied fWhj[ fh_ceh# Z_Wb fWhW [b Z[iWhhebbe gk[ Wfe# oW bW K;$
Ä“ĹŠ ĹŠÄƒ- +(" "ĹŠ"#ĹŠ/1#2#15 1ĹŠ+.2ĹŠ1#!412.2ĹŠ- 341 +#2ĹŠ"# #ĹŠ2#1ĹŠ4-ĹŠ !.,/1.,(2.ĹŠ,4-"( +Ä“
* & (Ĺ‹ * * & , -Ĺ‹ * , Ĺ‹- &0 ,Ĺ‹ .#!, ĔŊ ĹŠÄ› ;b <edZe CkdZ_Wb fWhW bW DWjkhWb[pW MM< f_Z_ÂŒ W bWi [cfh[iWi fWf[b[hWi gk[ \h[d[d bW Z[\eh[ijWY_ÂŒd [d kdW h[i[hlW dWjkhWb Z[ bW _ibW _dZe# d[i_W Z[ IkcWjhW fWhW iWblWh W '( j_]h[i [d f[b_]he Z[ [nj_dY_ÂŒd$ ;d kd Yeckd_YWZe" [b ]hkfe [Yebe]_ijW _dZ_YÂŒ gk[ bWi Y|cW# hWi beYWb_pWhed W Zei cWZh[i Yed YkWjhe YWY^ehhei o W ejhei i[_i j_]h[i Z[ IkcWjhW [d bW h[i[hlW dWjkhWb Z[ 8ka_j J_]Wfkbk^" [d [b [ij[ Z[ bW _ibW$
1 -ĹŠ/#+(%1.
FWhj[ Z[b ^|X_jWj Z[ [ijei j_]h[i i[ [dYk[djhW Z[djhe Z[ j[hh[dei i[bl|j_Yei YedY[Z_Zei W lWh_Wi [cfh[iWi" _dYbk_ZW 8Wh_je FWY_Ă’Y J_cX[h" gk[ ikc_d_ijhW cWZ[hW W bW ckbj_dWY_edWb 7i_W Fkbf WdZ FWf[h$
Ä“ĹŠ 2ĹŠ4-.ĹŠ"#ĹŠ+.2ĹŠ -(, +#2ĹŠ!.-ĹŠ ,;2ĹŠ +3.ĹŠ%1 ".ĹŠ"#ĹŠ ,#- 9 ĹŠ ĹŠ-(5#+ĹŠ ,4-"( +Ä“
Æ;ij[ l‡Z[e YedĂ’hcW bW _c# fehjWdY_W Z[ [ijWi i[blWi [d [b [Yei_ij[cW o Yehh[Zeh dWjkhWb Z[ 8ka_j J_]Wfkbk^ fWhW bei j_# ]h[i" feh be gk[ ^WY[cei kd bbW# cWc_[dje W jeZWi bWi [cfh[iWi W fWhWb_pWh iki fbWd[i Z[ Z[\eh[i# jWY_ÂŒdÇ" _dZ_YÂŒ 7dmWh Fkhmeje" Z_h[Yjeh Z[b fhe]hWcW Z[ Xei# gk[i o [if[Y_[i Z[ MM<$ Iebe gk[ZWd [d jehde W *&& [`[cfbWh[i Z[ j_]h[i Z[ IkcW# jhW fWdj^[hW j_]h_i ikcWjhW[ [d ?dZed[i_W" c_[djhWi gk[ [d jeZe [b ckdZe bW feXbWY_ÂŒd Z[ [ijei ]hWdZ[i \[b_dei WiY_[dZ[ W )$(&&" i[]‘d MM<$
Ĺ? Ĺ?
Ĺ?
Ä Ä€
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?Ĺ?
ĹŠ
#ĹŠ"#2-4" ĹŠ#-ĹŠ + 8 .8 BW h[l_ijW Z[ >k]^ >[\d[h Z[il_ij_ÂŒ [d iki f|]_dWi W B_ppo @W]][h" gk_[d feiÂŒ Yece jeZW kdW ĂˆYed[`_jWÉ i[]‘d bWi _c|][d[i fkXb_YWZWi [d [b i_j_e m[X Z[b Z_Wh_e :W_bo CW_b$ BW ^_`W Z[ C_Ya @W]][h" YWdjWdj[ Z[ bei Hebb_d] Ijed[i" WfWh[Y[ [d bWi f|]_dWi _dj[h_e# h[i Z[ bW fkXb_YWY_ÂŒd Yed iebe kdWi eh[`Wi Z[ Yed[`e o ik bWh]e YWX[bbe YkXh_[dZe iki i[dei$ C_[djhWi gk[ [d bW fehjWZW jWcX_ƒd bkY[ ik YWX[bb[hW o kdW XbkiW jhWdifWh[dj[$ ĹŠ
ĹŠ ĹŠ ĹŠ
ĹŠ)4(!(.ĹŠ/.1ĹŠ"#2/(".ĹŠ(,/1.!#"#-3#ĹŠ
} ĹŠÄ› Bei WYjeh[i 8hWZ F_jj o 7d][b_dW @eb_[ Z[X[h|d h[ifed# Z[h Wdj[ bW @kij_Y_W \hWdY[iW feh kdW fh[ikdjW \WbjW Z[ Z[if_Ze _dWZ[YkWZe Z[ kdW Z[ bWi jhWXW`WZehWi Z[ ik h[i_Z[dY_W [d bW 9eijW 7pkb ]WbW" _d\ehcÂŒ [b WXe]WZe Z[ bW Z[dkdY_Wdj[$ BW Z[# cWdZW de i[ h[Ă’[h[ Z_h[YjWc[dj[ W bW fWh[`W i_de W bW [cfh[iW gk[ Yh[Whed fWhW ][ij_edWh bei Wikdjei h[bWj_lei W ik Zec_d_e fhel[dpWb" fh[Y_iWhed bWi \k[dj[i$
ĹŠ
+(% ".Ŋ Ŋ1#3(1 1 24Ŋ31;(+#1Ŋ"#+Ŋ . . Ŋ ŊĚŊ +Ŋ+4).2.Ŋ 11(.Ŋ -#.8.104(-.Ŋ"#+Ŋ . .Ŋ2#Ŋ"#2/#13¢Ŋ 8#1Ŋ2(-Ŋ#+Ŋ#-.1,#Ŋ31;(+#1Ĺ! ,#1(Ĺ -.Ŋ04#Ŋ#+Ŋ !3.1Ŋ' ~ Ŋ / 1! ".Ŋ#-Ŋ 242Ŋ! ++#2Ŋ/ 1 Ŋ+ Ŋ%1 !(¢-Ŋ"#Ŋ+ Ŋ /#+~!4+ Ŋļ #-Ŋ -Ŋ + !*ŊĊČĔŊ"#2/4_2Ŋ "#Ŋ04#Ŋ+ 2Ŋ 43.1(" "#2Ŋ"#Ŋ+ Ŋ !(4" "Ŋ+#Ŋ. +(% 1 -Ŋ Ŋ1#3(1 1+.Ŋ/.1Ŋ 24Ŋ#7!#2(5.Ŋ3 ,  .ēŊ Ŋ
ĹŠ ĹŠ ĹŠ
.,/#-ĔŊ .31 Ŋ5#9Ŋ
Ä“ĹŠ (!(#1.-ĹŠ3.".ĹŠ+.ĹŠ/.2( +#ĹŠ/.1ĹŠ-.ĹŠ / 1#!#1ĹŠ4-(".2ĹŠ#-ĹŠ#+ĹŠ;, (3.ĹŠ/ĂŒ +(!.Ä“ĹŠ
ĹŠ/ 1#) ĔŊ -4-!(¢Ŋ4- ĹŠ5#9ĹŠ,;2ĔŊ04#ĹŠ /.-#ĹŠÄƒ-ĹŠ ĹŠ24ĹŠ1#+ !(¢-ĹŠ31 2ĹŠ!(-!.ĹŠ  .2ĹŠ "#ĹŠ#23 1ĹŠ)4-3.2Ä“ĹŠ
Ŋ: ĔŊ Ŋě ;b WYjeh [ijWZe#
ĔŊ Ŋ Ŋ
#ĹŠ5 ! !(.-#2ĹŠ#-ĹŠ 42( ĹŠ
ËŊěŊBei WYjeh[i [ifW‹eb[i F[dƒbef[ 9hkp o @Wl_[h 8Wh# Z[c i[ ^Wd jecWZe kdWi f[gk[‹Wi lWYWY_ed[i [d bW YWf_jWb hkiW [d YecfW‹‡W Z[ ik ^_`e" B[e" gk_[d dWY_ÂŒ [b fWiWZe [d[he$ 9hkp bb[]ÂŒ bW l‡if[hW W CeiY‘ fWhW fh[i[djWh ik dk[lW f[b‡YkbW ĂˆF_hWjWi Z[b 9Wh_X[0 [d cWh[Wi c_ij[h_eiWiÉ" [d bW gk[ YecfWhj[ fhejW]ed_ice Yed [b f_hWjW c|i \Wceie Z[b fbWd[jW" @e^ddo :[ff$ĹŠ ĹŠ
kd_Z[di[ B[edWhZe :_9Wfh_e o bW ceZ[be _ihW[b‡ 8Wh H[\W[b_ fki_[hed dk[lWc[dj[ Ă’d W ik h[bWY_ÂŒd i[dj_c[djWb" _d\ehcÂŒ Wo[h bW [Z_Y_ÂŒd Z_]_jWb Z[ bW h[# l_ijW F[efb[$ BW fWh[`W ^WX‡W f[hcWd[# Y_Ze kd_ZW Z[iZ[ ^WY[ Y_dYe W‹ei$ 7 c_jWZ Z[ YWc_de jkl_[# hed kdW Yh_i_i o Z[`Whed ik h[bW# Y_ÂŒd feh [ifWY_e Z[ i[_i c[i[i" fWhW h[jecWhbW `kije Z[ifkƒi$ I_d [cXWh]e" bW i[cWdW fWiW# ZW fki_[hed fkdje Ă’dWb W [i[ del_Wp]e" i[]‘d YedĂ’hcW W bW fkXb_YWY_ÂŒd kdW \k[dj[ fhÂŒn_# cW W [bbei$ Æ>W i_Ze kdW hkfjkhW
Wc_ijeiW" W‘d ied Wc_]ei o i[ ^WXbWdÇ" Z_`e ejhW \k[dj[ Wb Z_Wh_e D[m Oeha Feij$ ÆI_c# fb[c[dj[ iki Z_\[h[dY_Wi \k[# hed [d Wkc[dje o Z[Y_Z_[hed jecWh YWc_dei Z_ij_djeiÇ" W‹WZ_ÂŒ$ ;b Z_Wh_e [nfb_YÂŒ gk[ de ^kXe j[hY[hWi f[hiedWi _cfb_# YWZWi [d bW Z[Y_i_ÂŒd$ 2(ĹŠ"#2 /#1!( (".2ĹŠ
;b _djƒhfh[j[" Z[ ), W‹ei" o bW ceZ[be" Z[ (+" Yec[dpWhed ik h[bWY_Œd [d (&&, o jhWjWhed Z[ bb[lWh ik del_Wp]e i_d bbWcWh bW Wj[dY_Œd o i_d WfWh[Y[h `kdjei [d bW cWoeh‡W Z[ bei WYjei f‘# Xb_Yei$
#ĹŠ2#/ 1 -ĹŠ ĹŠĹŠ } ŊěŊ ĹŠ !31(9ĹŠ#23 ".4-("#-2#ĹŠ Ĺ— 8"#-ĹŠ -#33(#1#ĹŠÄ¸Ä‰ÄˆÄšÄ”ĹŠ !34 +,#-Äą 3#ĹŠ#-ĹŠ+ ĹŠ%1 -ĹŠ/ -3 ++ ĹŠ!.-ĹŠÄĽ !1# ,ĹŠ ÄŒÄŚÄ”ĹŠ8ĹŠ#+ĹŠ .7# ".1ĹŠ4!1 -( -.ĹŠ + "(,(1ĹŠ +(32!'*.ŊĸĊĎĚĔŊ! ,/#¢-ĹŠ,4-"( +ĹŠ "#ĹŠ/#2.ĹŠ/#2 ".ĔŊ2#ĹŠ2#/ 1 -ĹŠ31 2ĹŠ".2ĹŠ  .2ĹŠ"#ĹŠ1#+ !(¢-ĔŊ!.-ă1,¢Ŋ 8#1ĹŠ#+ĹŠ 1#/1#2#-3 -3#ĹŠ"#+ĹŠ"#/.13(23 Ä“ĹŠ ÄĄ .ĹŠ'#,.2ĹŠ/ 2 ".ĹŠ,48ĹŠ (#-ĹŠ )4-3.2Ä“ĹŠ #1.ĹŠ! " ĹŠ5#9ĹŠ,;2ĹŠ-.2ĹŠ " ,.2ĹŠ!4#-3 ĹŠ"#ĹŠ+.ĹŠ"($~!(+ĹŠ04#ĹŠ#2ĹŠ , -3#-#1ĹŠ4- ĹŠ1#+ !(¢-ĹŠ! " ĹŠ4-.ĹŠ#-ĹŠ 4-ĹŠ!.-3(-#-3#ĢĔŊ"#!+ 1¢Ŋ +(32!'*.ĔŊ !(3 ".ĹŠ/.1ĹŠ24ĹŠ/.13 5.9ĔŊ + 42Äą #3#1ĹŠ (331(!'Ä“ĹŠ ĹŠ
Hecf_[hed feh fh_c[hW l[p [d (&&/ f[he c[i[i Z[ifkƒi h[jecWhed bW h[bWY_ÂŒd o H[\W[b_ WZc_j_ÂŒ gk[ [i[ j_[cfe i[fWhW# Zei b[i l_de X_[d W bei Zei fWhW ÆcWZkhWhÇ o ÆYh[Y[hÇ$
1 ĹŠ, 3 12#ĹŠ "#ĹŠ+ ĹŠ1(2 " +ĹŠ ,.-#2ĹŠ8ĹŠ 1 -!(2!.ĹŠ (-. 1%.33(ĹŠ 2 ! 1;-ĹŠ,;2ĹŠ"#ĹŠ4- ĹŠ 1(2 ĹŠ +ĹŠ/ĂŒ +(!.ĹŠ! /(Äą 3 +(-.ĹŠ#23 ĹŠ-.!'#Ä“
Bei ][d_ei Z[b cedÂŒbe]e YÂŒc_# Ye 7ZWb HWced[i o <hWdY_iYe F_deWh]ejj_ i[ fh[i[djWd ^eo [d Gk_je" [d [b J[Wjhe Ă›]ehW Z[ bW 9WiW Z[ bW 9kbjkhW ;YkWjeh_WdW 99; W fWhj_h Z[ bWi (&0&&" o Wb Z‡W i_]k_[dj[ [d =kWoWgk_b" W bWi (&0)& [d [b 9[djhe Z[ 9edl[d# Y_ed[i I_cÂŒd 8eb‡lWh$ ;ijei ckbj_\WYƒj_Yei f[hie# dW`[i ied YedeY_# Zei feh ik ^kceh ĹŠ Z_h[Yje o feh bei fhe]hWcWi Z[ j[# b[l_i_ÂŒd gk[ YWZW 1 -!(2!.ĹŠ (-. 1%.33(ĹŠ#23;ĹŠ kde cWd[`WXW [d /1¢7(,.ĹŠ ĹŠ#231#Äą ik fW‡i$ ;b c[n_# - 1ĹŠ24ĹŠ,.-¢+.%.ĹŠ ÄĽ .-2ĂŒ+3 ,#ĹŠ ĹŠ YWde HWced[i ,~ČĔŊ !.1"#ĹŠ ĹŠ+ ĹŠ 3#,;3(! ĹŠ !34 +ĹŠ Yed iki beYkhWi [ "#+ĹŠ/ ~2Ä“ _dl_jWZei [if[Y_W# b[i [d ĂˆEjhe hebbeÉ o [b [YkWjeh_Wde F_deWh]ejj_ Yed bW _dYed\kdZ_Xb[ i|j_hW Z[ iki Ăˆ8k[dei ckY^WY^eiÉ$ 9ece del[ZWZ Z[ [ij[ ĂˆJekh CedÂŒbe]ei (&''É" HWced[i jhW[ Wb fW‡i ik i^em j_jkbWZe Ăˆ)) Ye# iWi gk[ c[ lk[bl[d beYeÉ$ ;b Yed#
ÄĽ 4_ĹŠ,;2ĹŠ "#-4-!( ĹŠ 04#1~ 2ÄŚ =[hWhZe Ceh|d oW de i[h‡W Ăˆ[b c|i gk[h_ZeÉ" Wb c[dei fWhW H_YWhZe H[Wbf[" YedeY_Ze Yece ĂˆH_Yao L[djkhWÉ" gk_[d h[YbW# cW bei Z[h[Y^ei Z[ Wkjeh Z[ ik fWZh[ ieXh[ bW Yecfei_Y_ÂŒd Z[ Zei j[cWi gk[ Ceh|d ^WXh‡W ikfk[ijWc[dj[ WZ`kZ_YWZe W ik decXh[ [d ik f|]_dW m[X$ Bei j[cWi [d Yedjhel[hi_W ied0 ĂˆGkƒ c|i ^ecXh[ gk[h‡WiÉ o ĂˆDe [i c_ i[‹ehWÉ Z[ H_YWhZe H[Wbf[ 9^Wcehhe" \Wbb[Y_Ze ^WY[ YkWjhe W‹ei$ I[]‘d L[djkhW" bWi YWdY_ed[i Z[ ik fWZh[ Æ^_Y_[hed \Wceie W Ceh|dÇ feh be gk[ Wi_i# j_ÂŒ `kdje W ik WXe]WZe W _dj[hfe# d[h [ijW Z[dkdY_W [d [b ?dij_jkje ;YkWjeh_Wde Z[ bW Fhef_[ZWZ ?d# j[b[YjkWb ?;F? $
Ĺ? Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ĺ?
Ĺ? +. ÄŒĹ?
Ä Ä
ÆBW \ehcW b[]Wb gk[ ieb_Y_jWcei [i kdW f[j_Y_ÂŒd Z[ Jkj[bW 7Zc_# d_ijhWj_lWÇ" Z_`e Bk_i Jhk`_bbe" WXe# ]WZe Z[ L[djkhW" fWhW gk[ Ceh|d i[ WY[hgk[ W fh[i[djWh bW _d\ehcW# Y_ÂŒd d[Y[iWh_W [d ZedZ[ Yedij[d bei fW]ei feh Z[h[Y^ei Z[ Wkjeh Z[ bWi YWdY_ed[i [d Z_ifkjW" [d kd f[h_eZe Z[ '+ Z‡Wi bWXehWXb[i$ 7dj[ [ijWi Z[YbWhWY_ed[i" =[# hWhZe Ceh|d ^W Z_Y^e gk[ Æc[ i_[dje jhWdgk_be fehgk[ j[d]e fWf[b[i gk[ c[ WcfWhWd$ >[ fW]WZe feh bei Z[h[Y^ei W bW Ie# Y_[ZWZ Z[ 7kjeh[i Z[b ;YkWZeh" gk[ [i W gk_[d b[ Yehh[ifedZ[ h[Y_X_hbeiÇ$ 7Z[c|i" YedjÂŒ gk[ Æbei Yeijei Z[ bW fheZkYY_ÂŒd Z[ bW ]hWXWY_ÂŒd o [b heZW`[ Z[ bei j[# cWi ^_pe gk[ fki_[hW [d c_ f|# ]_dW gk[ ied c_i fheZkYY_ed[iÇ" WYejÂŒ [b WbkZ_Ze$
Ä“ĹŠ +ĹŠ,#7(! -.ĹŠ " +ĹŠ ,.-#2ĹŠ/1#2#-3 ĹŠÄŚÄŠÄŠĹŠ!.2 2ĹŠ04#ĹŠ,#ĹŠ 54#+5#-ĹŠ+.!.ÄŚÄ“ĹŠ
ZkYjeh WZ[c|i YedY[Z_ÂŒ Z[YbW# hWY_ed[i W bW h[l_ijW JLDejWi" ZedZ[ WĂ’hcÂŒ gk[ [ij[ W‹e i[ lebl[h‡W W jhWdic_j_h [b fhe]hW# cW ĂˆEjhe hebbeÉ$ Æ;ijW l[p jhW[h| kd YedY[fje Z_\[h[dj[ o YedjWh| Yed dk[lei _dj[]hWdj[i [d ik
[b[dYeÇ" W]h[]ÂŒ [b Yec[Z_Wdj[$ ;d Gk_je bWi [djhWZWi j_[d[d kd Yeije Z[ (, ZÂŒbWh[i fWhW Fh[# \[h[dY_W1 *+ L_f o -& =ebZ[d 8en$ ;d =kWoWgk_b" bW beYWb_ZWZ 7ZWb 8en [ij| W ./ ZÂŒbWh[i1 ,/ bW L_f o )/ Fh[\[h[dY_W$
ēŊ (! 1".Ŋ # +/#Ŋ8Ŋ24Ŋ .% ".ĔŊ 4(2Ŋ 14)(++.ĔŊ 2(23(#1.-Ŋ Ŋ"#) 1Ŋ+ Ŋ "#-4-!( Ŋ#-Ŋ#+Ŋ ē
.+.Ŋ/ 1 Ŋ!.-24+3.1 2Ŋ Ŋ š ;b Fk[hje Fh_dY_fWb
\k[ j[ij_]e WdeY^[ Z[b jWb[dje Z[ Zei ]hWdZ[i Whj_ijWi Z[ bW c‘i_YW jhef_YWb$ >eo =_bX[hje IWdjW HeiW `kdje W Eb]W JW‹Œd e\h[Y[d ik fh_c[h YedY_[hje `kdjei [d ;YkW# Zeh" [d kd h[Y_jWb gk[ iebe [i fWhW bW \k[hpW Z[ l[djWi Z[ OWdXWb$ 9edeY_Zei Yece ĂˆBW ck`[h Z[ \k[]eÉ o Ăˆ;b YWXWbb[he Z[ bW iWbiWÉ" [ijei [nfed[dj[i Z[b c[h[d]k[ o bW iWbiW YecfWhj_h|d `kdje W c_# b[i Z[ YedikbjehWi [d [b ;ijWZ_e 7bX[hje If[dY[h jeZei iki ƒn_jei
Yece fWhj[ Z[ kd h[YedeY_c_[d# je Wb [i\k[hpe" YedijWdY_W o Yh[Y_# c_[dje bWXehWb$ J[cWi Yece ĂˆBW YedY_[dY_WÉo ĂˆF[hZÂŒdWc[É" Z[ IWdjW HeiW1 Wi‡ Yece Ăˆ;i c[dj_heieÉ o ĂˆIƒ gk[ l[dZh|i bbehWdZeÉ" Z[ JW‹Œd" i[# h|d Yeh[WZei feh )- c_b Yedikb# jehWi fhel[d_[dj[i Z[ bWi fhel_d# Y_Wi Z[ 9W‹Wh" ;b Ehe" Be`W" Bei H‡ei" CWdWX‡ o IWdjW ;b[dW$ ;bbei fh[i[djWd jWcX_ƒd ik i^em [ijW deY^[ [d Gk_je" [d [b Yeb_i[e Hk_c_‹W^k_$
&2192&$725,$ (O 0LQLVWHULR GHO $PELHQWH FRPR $XWRULGDG $PELHQWDO 1DFLRQDO \ HO 'U (QULTXH &ROFKD HQ FXPSOLPLHQWR GHO 5HJODPHQWR GH $SOLFDFLyQ GH ORV 0HFDQLVPRV GH 3DUWLFLSDFLyQ 6RFLDO HVWDEOHFLGRV HQ OD /H\ GH *HVWLyQ $PELHQWDO 'HFUHWR (MHFXWLYR \ $FXHUGRV 0LQLVWHULDOHV \ LQYLWDQ DO S~EOLFR HQ JHQHUDO \ HQ HVSHFLDO D ODV $XWRULGDGHV GHO 0XQLFLSLR 'LVWULWR 0HWURSROLWDQR GH 4XLWR \ GH ODV SDUURTXLDV $PDJXDxD \ 3LIR D SDUWLFLSDU HQ HO 352&(62 '( 3$57,&,3$&,Ă?1 62&,$/ '(/ (678',2 '( ,03$&72 &21 e1)$6,6 (1 (/ 3/$1 '( &217,1*(1&,$6 '(/ 352<(&72 &20(5&,$/,=$'25$ '( &20%867,%/(6 /ĂŒ48,'26 6(5 9,2/ ([WUDFWR GHO 3UR\HFWR /D &RPHUFLDOL]DGRUD GH &RPEXVWLEOHV ´6(59,2,/ &,$ /7'$ Âľ HV XQD HPSUHVD GHGLFDGD D OD FRPHUFLDOL ]DFLyQ GH FRPEXVWLEOHV GHULYDGRV GH SHWUyOHR SDUD HO VHJPHQWR DXWRPRWUL] JDVROLQD H[WUD JDVROLQD V~SHU GLHVHO TXH GLVWULEXLUi D HVWDEOHFLPLHQWRV DXWRUL]DGRV FRPR JDVROLQHUDV R GHSyVLWRV GH FRPEXVWLEOH $XGLHQFLD GH 3UHVHQWDFLyQ 3~EOLFD GHO (VWXGLR GH ,PSDFWD $PELHQWDO )HFKD 0DUWHV GH PD\R GH +RUD + /XJDU +RWHO 6$92< ,11 &DOOH <DVXQt \ $Y (O ,QFD &HQWUR GH ,QIRUPDFLyQ 3~EOLFD \ UHFHSFLyQ GH 2EVHUYDFLRQHV (O ERUUDGRU GHO (VWXGLR GH ,PSDFWR $PELHQWDO KD VLGR HQYLDGR D ORV &RQVHMRV 3URYLQFLDOHV GHO 3DtV \ HVWDUi GLVSRQLEOH HQ OD SiJLQD :HE GHO 0LQLVWHULR GHO $PELHQWH ZZZ DPELHQWH JRE HF GHVGH HO GH PD\R KDVWD HO GH PD\R GH /RV FRPHQWDULRV X REVHUYDFLRQHV VH UHFHSWDUiQ HQ HO FRUUHR HOHFWUyQLFR GH OD /LF &HFLOLD 3R]R + FHFLOLD #KRWPDLO FRP IDFLOLWDGRUD DVLJQDGD SRU HO 0LQLVWHULR GHO $PELHQWH KDVWD HO GH PD\R GHO $JUDGHFHPRV VX SDUWLFLSDFLyQ $ 3 N P
ŏ ŏ
ŏ
āĂ
ŏāăŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
81,9(56,'$' 7e&1,&$ ´/8,6 9$5*$6 7255(6µ '( (60(5$/'$6
&2192&$725,$ $ &21&8562 '( 0e5,726 3$5$ 352)(625(6 2&$6,21$/(6 6H FRQYRFD D FRQFXUVR GH PpULWRV GH SRVWXODQWHV D 'RFHQWHV 2FDVLRQDOHV OD )DFXOWDG GH &LHQFLDV $JURSHFXDULDV \ $PELHQWDOHV
&$5*26 < $6,*1$785$6
/8*$5 < +25$5,2
1Ô0(52 '( +25$6 6(0$1$/(6
,16758&&,Ð1
352)(625 $
$YDO~RV \ 3HULWDMHV $JURSHFXDULRV %LRWHFQRORJtD 9HJHWDO 0HUFDGHR < &RPHUFLDOL]DFLyQ 'LVHxR GH 6LVWHPDV GH 5LHJR
(VFXHOD GH &LHQFLDV $JURQyPLFDV +DFLHQGD ([SHULPHQWDO 0~WLOH 'H K D K
7tWXOR 7HUFHU 1LYHO HQ ,QJHQLHUtD $JURQyPLFD \ iUHDV DÀ QHV 3RVWJUDGR HQ ÉUHDV UHODFLRQDGDV FRQ ODV DVLJQDWXUDV
352)(625 $
0DQHMR 3RVW &RVHFKD %RWiQLFD 6LVWHPiWLFD 0DQHMR ,QWHJUDGR GH 3ODJDV \ (QIHUPH GDGHV 5HPHGLDFLyQ GH 6XHORV
(VFXHOD GH &LHQFLDV $JURQyPLFDV +DFLHQGD ([SHULPHQWDO 0~WLOH 'H K D K
7tWXOR 7HUFHU 1LYHO HQ ,QJHQLHUtD $JURQyPLFD \ iUHDV DÀ QHV 3RVWJUDGR HQ ÉUHDV UHODFLRQDGDV FRQ ODV DVLJQDWXUDV
352)(625 $
)LVLRORJtD 9HJHWDO %LRWHFQRORJtD =RRORJtD 3DWRORJtD )RUHVWDO
(VFXHOD GH &LHQFLDV )RUHVWDOHV \ $PELHQWDOHV +DFLHQGD ([SHULPHQWDO 0~WLOH 'H K D K
7tWXOR 7HUFHU 1LYHO HQ ,QJHQLHUtD )RUHVWDO \ iUHDV DÀ QHV 3RVWJUDGR HQ ÉUHDV UHODFLRQDGDV FRQ ODV DVLJQDWXUDV
352)(625 $ 3URWHFFLyQ )RUHVWDO (QWRPRORJtD )RUHVWDO *HRJUDItD *HRPRUIRORJtD 0HWHRURORJtD \ &OLPiWLFD
(VFXHOD GH &LHQFLDV )RUHVWDOHV \ $PELHQWDOHV +DFLHQGD ([SHULPHQWDO 0~WLOH 'H K D K
7tWXOR 7HUFHU 1LYHO HQ ,QJHQLHUtD )RUHVWDO \ iUHDV DÀ QHV 3RVWJUDGR HQ ÉUHDV UHODFLRQDGDV FRQ ODV DVLJQDWXUDV
5(48,6,726 *(1(5$/(6 (;3(5,(1&,$ (MHUFLFLR SURIHVLRQDO DItQ FRQ OD DVLJQDWXUD GHO FRQFXUVR ([SHULHQFLD GRFHQWH R GH LQYHVWLJDFLyQ HQ HO iUHD GHO FRQFXUVR &$3$&,7$&,Ð1 &XUVRV GH 3HGDJRJtD \ GRFHQFLD XQLYHUVLWDULD HQ LQVWLWXFLRQHV GHO 6LVWHPD 1DFLRQDO GH (GXFDFLyQ 6XSHULRU &203(7(1&,$6 3RVHHU FRQRFLPLHQWRV KDELOLGDGHV \ DFWLWXGHV TXH SHUPLWDQ IRUPDU SURIHVLRQDOHV FRPSHWHQWHV \ SHUVRQDV GLJQDV OLEUHV UHVSHWXRVD DPDQWH GH OD YLGD OD QDWXUDOH]D \ OD YHUGDG 7HQHU FRPSURPLVR FLHQWtÀ FR FRQ OD DVLJQDWXUD &RQRFHU ODV DSOLFDFLRQHV GH ODV 7,& DO FDPSR GH OD GLVFLSOLQD /RV DV LQWHUHVDGRV DV HQ SDUWLFLSDU HQ HVWH FRQFXUVR GHEHUiQ SUHVHQWDU VX KRMD GH YLGD HQ VREUH FHUUDGR HQ ODV RÀ FLQDV GHO 9LFHUUHFWRUDGR $FDGpPL FR XELFDGR HQ OD $YHQLGD .HQQHG\ H +LOGD 3DGLOOD *iPH] /DV 3DOPDV KDVWD ODV K GHO GH PD\R GHO (Q FDVR GH H[LVWLU SDUWLFLSDQ WHV FRQ GLVFDSDFLGDG GHEHUiQ DGMXQWDU FRSLD GHO FDUQHW GHO &21$',6 /RV SDUWLFLSDQWHV TXH QR FXPSODQ FRQ OR HVWDEOHFLGR HQ ORV OLQHDPLHQWRV GH OD FRQYRFDWRULD QR VHUiQ &216,'(5$'26 (1 (67( 352&(62 '( 6(/(&&,Ð1 /RV UHVXOWDGRV VHUiQ SXEOLFDGRV D WUDYpV GH OD SUHQVD ORFDO \ HQ OD SiJLQD :HE GH OD LQVWLWXFLyQ
Ĺ? Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ĺ?
Ĺ? +. ÄŒĹ?
Ä Äƒ
.-24+3#ĹŠ!.-ĹŠ#+ĹŠ#2/#!( +(23 ;ij[ [i kd i[]c[dje Wb YkWb kij[Z fk[Z[ [dl_Whdei iki fh[]kdjWi WY[hYW Z[ YkWbgk_[h [d\[hc[ZWZ" i‡djecW e ceb[ij_W$ Iki _dj[hhe# ]Wdj[i i[h|d Yedj[ijWZWi feh fhe\[i_edWb[i Z[ bW iWbkZ o iWbZh|d fkXb_YWZWi bei c_ƒhYeb[i o l_[hd[i$ ;iYh‡XWdei W0 iWbkZ6bW^ehW$Yec$[Y
Ä“ĹŠ ĹŠ#-$#1,#" "ĹŠ/4#"#ĹŠ ! 11# 1ĹŠ#731#, ĹŠ31(23#9 ĹŠ8ĹŠ -2(#" "Ä“
4 -".Ŋ#+Ŋ".+.1Ŋ !1¢-(!.Ŋ#2Ŋ' (34 + 7(23#Ŋ4- Ŋ/ 3.+.%~ Ŋ/.!.Ŋ!.-.!(" Ŋ04#Ŋ 3 ! Ŋ/1(-!(/ +,#-3#Ŋ Ŋ,4)#1#2Ŋ8Ŋ04#Ŋ2#Ŋ ! 1 !3#1(9 Ŋ/.1Ŋ(11#2(23( +#2Ŋ".+#-!( 2ē
Âľ7b]kdW l[p ^W WcWd[Y_Ze Ä .1ĹŠ04_ĹŠ / 1#!#Ä&#x; Yed bW i[diWY_ÂŒd Z[ gk[ de >[hd|dZ[p Wi[]khW gk[ de i[ Z[iYWdiÂŒ o gk[" feh [b Yed# iWX[ [nWYjWc[dj[ Yk|b [i bW YWk# jhWh_e" ZkhWdj[ bW deY^[ iW feh bW gk[ i[ fheZkY[ \k[ ZkhWc[dj[ ]ebf[W# ĹŠ bW [d\[hc[ZWZ$ I_d [c# Ze5 e Âľi[ ^W b[lWdjWZe XWh]e" i‡ i[ YedeY[ gk[ lWh_Wi l[Y[i [d kdW de# [n_ij[d Wb]kdei \WYjeh[i Z[jedWdj[i$ Y^[ fehgk[ b[ Zk[b[ [b 4-04#ĹŠ-.ĹŠ' 8ĹŠ " 3.2ĹŠ#7 !3.2ĔŊ 2#ĹŠ"#3#1,(- ĹŠ I[]‘d [ijkZ_ei h[Wb_pW# Yk[hfe5 I_ bW h[ifk[ijW [i 04#ĹŠ#+ĹŠÄŠĹ˜ĹŠ"#ĹŠ+ ĹŠ /. + !(¢-ĹŠ ĹŠ-(5#+ĹŠ Zei" bWi f[hiedWi gk[ ik# WĂ’hcWj_lW" W^ehW _cW# ,4-"( +ĹŠ3(#-#ĹŠ \h[d kd jhWkcW cko \k[h# $( 1.,( +%( Ä“ĹŠ ]_d[ gk[ [ijW i_jkWY_ÂŒd j[" oW i[W \‡i_Ye" [ceY_edWb i[ h[f_j[ jeZei bei Z‡Wi e i[nkWb" j_[d[d cWoeh[i ZkhWdj[ c[i[i$ ;b fW# ĹŠ fheXWX_b_ZWZ[i Z[ WZgk_h_h bW Ă’Xhec_Wb]_W$ dehWcW fWh[Y[ i[h _die# ;ije de i_]d_Ă’YW gk[ fehjWXb[ Âľde b[ fWh[Y[5 O Wkdgk[ ckY^ei #ĹŠ! +!4+ ĹŠ04#ĹŠ W fWhj_h Z[ [i[ cec[dje /.1ĹŠ! " ĹŠÄˆÄ‡ĹŠ de be Yh[Wd" [ijW [i bW ,4)#1#2ĹŠ' 8ĹŠ4-ĹŠ WfWh[Y[ bW [dj_ZWZ$ ;d 1#ĹŠ!.-ĹŠ h[Wb_ZWZ gk[ Z[X[d '., h[Wb_ZWZ" fk[Z[d jhWdiYk# $( 1.,( +%( Ä“ W\hedjWh jeZei bei Z‡Wi hh_h lWh_ei W‹ei Wdj[i Z[ bWi f[hiedWi gk[ l_l[d gk[ ikh`Wd bei i‡djecWi$ Yed Ă’Xhec_Wb]_W$ ;d YkWdje Wb ]hkfe Z[ ĹŠ cWoeh _dY_Z[dY_W" bWi ck# -ĹŠ/1. +#, ĹŠ1# + `[h[i ied c|i lkbd[hWXb[i$ I[]‘d 8[j_dW >[h# ĹŠ, 8.1~ ĹŠ"#ĹŠ ! 2.2ĹŠ2#ĹŠ/1#2#-Äą >[hd|dZ[p Wi[]khW gk[ bW d|dZ[p" h[kcWjÂŒbe]W 3 ĹŠ#-31#ĹŠ+.2ŊĉĎŊ8ĹŠ h[ifk[ijW '&& i[]khW de c[n_YWdW" gk_[d Z_e Ä?ćŊ  .2ĹŠ"#ĹŠ#" "Ä“ i[ fk[Z[ Z[j[hc_dWh" f[he i[ Yh[[ gk[ [ijW i_jkWY_ÂŒd kdW Y^WhbW l‡W m[X [d feZh‡W Z[X[hi[ W Zei hWpe# bW gk[ :_Wh_e BW >ehW fWhj_Y_fÂŒ WYj_lWc[dj[" bW Ă’# d[i0 bW \ehcW [d gk[ bWi \ƒc_dWi Xhec_Wb]_W [i kdW fWjebe]‡W h[WYY_edWd Wdj[ i_jkWY_ÂŒd Z[ [i# h[kc|j_YW" f[he gk[ jWcX_ƒd jhƒi o W \WYjeh[i ^ehcedWb[i" oW j_[d[ ckY^e gk[ l[h Yed bW gk[ [ijei W\[YjWd [d [b \kdY_edW# fWhj[ d[khebÂŒ]_YW Z[ kdW c_[dje Z[ bWi YƒbkbWi o [d bei Yed# f[hiedW$ ZkYjeh[i Z[b Zebeh$ Be gk[ ikY[Z[ [i gk[ [b i_ij[cW d[hl_eie Z[ bW f[h# 2ĹŠ, -($#23 !(.-#2ĹŠ,;2ĹŠ!.,4-#2 iedW [cf_[pW W j[d[h \WbbWi$ BW fh_c[hW i[‹Wb Z[ [d\[hc[ZWZ 9kWdZe i[ b[ ^WY[ ZW‹e Wb [i [b Zebeh _dj[die gk[" i[]‘d eh]Wd_ice Z[ kd _dZ_l_Zke" _dZ_YWd bW cWoeh‡W Z[ fWY_[dj[i" bW i[diWY_ÂŒd i[ jhWdic_j[ W WfWh[Y[ [d bei c‘iYkbei" [d bWi jhWlƒi Z[ d[hl_ei f[h_\ƒh_Yei Whj_YkbWY_ed[i o [d bei ^k[iei$ [if[Y‡ÒYei ^WY_W [b Y[h[Xhe$ F[he [d [b YWie Z[ gk_[d[i j_[d[d Ă’Xhec_Wb]_W" i[ fhe# ZkY[ kdW _hh_jWY_ÂŒd [d [ijei YWdWb[i" bei YkWb[i [cf_[pWd W fheZkY_h Z[cWi_WZei d[k# hejhWdic_ieh[i o" [d Yedi[# Yk[dY_W" [b Zebeh i[ _dj[di_# Ă’YW$ ;b fheXb[cW [i gk[ [b cWb[ijWh i[ i_[dj[ fh|Yj_YW# c[dj[ jeZe [b j_[cfe$
Ä Â˘-"#ĹŠ !4"(1Ä&#x; -ĹŠ! 2.ĹŠ"#ĹŠÄƒ 1., +%(
Ĺ—ĹŠ _"(!.ĹŠ(-3#1-(23 Ä“ Ĺ—ĹŠ #41¢+.%.Ä“ Ĺ—ĹŠ #4, 3¢+.%.Ä“ Ĺ—ĹŠ 2/#!( +(23 ĹŠ#-ĹŠ".+.1Ä“ĹŠ BWi ceb[ij_Wi fk[Z[d _dYh[# c[djWhi[ [d YWie Z[ YWcX_ei Z[ Yb_cW" f[h_eZei Z[b Y_Ybe c[dijhkWb" feh bW YWb_ZWZ Z[b ik[‹e o feh i_jkW# Y_ed[i Z[ j[di_ÂŒd [ceY_edWb$ 7fWhj[" [b YWdiWdY_e" d_[XbW c[djWb" Z_Ă’YkbjWZ fWhW YedY[d# jhWhi[" i[gk[ZWZ [d e`ei o XeYW" fWbf_jWY_ed[i Yed Zebeh[i [d bW pedW Z[b YehWpÂŒd" cWh[ei" Z[i# cWoei" _dj[ij_de _hh_jWXb[" cW# dei \h‡Wi" Zebeh lW]_dWb o Wbj[hW# Y_ed[i _dckdebÂŒ]_YWi fk[Z[d i[h i[‹Wb[i Z[ Ă’Xhec_Wb]_W$ Ä 4_ĹŠ2#ĹŠ/4#"#ĹŠ' !#1Ä&#x;
J[d]W [d Yk[djW gk[ Yece de i[ YedeY[ bW YWkiW [nWYjW Z[ bW fWjebe]‡W" de ^Wo kdW \ehcW Z[ fh[l[dY_ÂŒd$ ;d YkWdje Wb jhWjWc_[dje" de i[ WjWYW Z_h[YjWc[dj[ bW [d\[h# c[ZWZ i_de gk[ i[ XkiYW Yed# jhebWh bei i‡djecWi$ FWhW [ije" [b cƒZ_Ye Z[X[ [i# YkY^Wh Yed Wj[dY_ÂŒd Wb fWY_[dj[ o Ă’`Whi[ [d bei i‡djecWi$ :[f[d# Z_[dZe Z[ [ije" fk[Z[ cWdZWh W ^WY[h Wb]kdWi fhk[XWi fWhW Z[i# YWhjWh YkWbgk_[h ejhW [dj_ZWZ$ Bei c[Z_YWc[djei gk[ i[ h[Y[jWd Z[f[dZ[d Z[ YWZW YWie$ Feh be ][d[hWb" i[ f_Z[ W bei fW# Y_[dj[i gk[ jec[d d[khehh[]k# bWZeh[i" bei YkWb[i fk[Z[d [ijWh WYecfW‹WZei feh Wdj_X_ÂŒj_Yei e Wdj_Z[fh[i_lei$
Ä–ĹŠ +ĹŠ # _ĹŠ"#ĹŠ,(ĹŠ'#1Äą , - ĹŠ3(#-#ĹŠ24ĹŠ+#-%4 ĹŠ-#%1(3 ĔŊ -.ĹŠ3(#-#ĹŠ/#+.2ĔŊ-.ĹŠ3(#-#ĹŠ/ /(+ 2ĹŠ '(-!' " 2ĹŠ 8ĹŠ + 2ĹŠ #-!~ 2ĹŠ #23;-ĹŠ -.1, +#2Ä“ĹŠÄ .1ĹŠ04_ĹŠ2#ĹŠ+#ĹŠ/42.ĹŠ 2~Ä&#x;Ŋĸ 1~ ĹŠ -3.-( ĹŠ ¢1".5 Äš
H;IFK;IJ70 Oe i‡ c[ fh[eYk# fWh‡W feh [ijW i_jkWY_ÂŒd$ Fk[Z[ i[h gk[ Wb d_‹e b[ [ijƒ YeijWdZe WZWfjWhi[ Wb Y[djhe e fk[Z[ gk[ [ijW h[WYY_ÂŒd i[ Z[XW Wb jhWje gk[ [ij| h[Y_X_[dZe$ >Wo gk[ j[d[h [d H;IFK;IJ70 BW ‘d_YW hWpÂŒd Yk[djW gk[" feh be ][d[hWb" YkWd# feh bW gk[ kd ÂŒh]Wde Ze kd _d\Wdj[ cko f[gk[# i[ eiYkh[Y[ [i YkWdZe ‹e i[ i[fWhW Z[ ik cWZh[" ĹŠ fk[Z[ j[d[h Z_Ă’YkbjWZ[i Z[ ^Wo _dikĂ’Y_[dY_W ik# WZWfjWY_ÂŒd$ fhWhh[dWb$ .-3 !3.2 ;i fheXWXb[ gk[ [d .2_ĹŠ 2 -3#2ĔŊ [ij[ YWie bW b[d]kW de /#"( 31 Ä“ Ä–ĹŠÄ 4;-3.2ĹŠ,#Äą ĉČćĉČÄ?Ĉ [ijƒ d[]hW i_de ce# 2#2ĹŠ "# #ĹŠ "#ĹŠ 3#-#1ĹŠ #+ĹŠ # _ĹŠ hWZW" be YkWb feZh‡W / 1 ĹŠ 2 ! 1+.ĹŠ "#ĹŠ + ĹŠ ' (3 (3 Äą i[h _dZ_YWj_le Z[ kd !(¢-ĹŠ"#ĹŠ+.2ĹŠ/ "1#2ĹŠ8ĹŠ!.+.! 1+#ĹŠ fheXb[cW YWhZ‡W# + ĹŠ !4-(3 ĹŠ #-ĹŠ 24ĹŠ ' (3 !(¢-Ä&#x;ĹŠ Ye$ 9ece i[ jhWjW ĸ 1+.2ĹŠ ;2!.-#9ĚŊ Z[ kd X[Xƒ" [i H;IFK;IJ70 7 fWhj_h d[Y[iWh_e gk[ Z[ bei i[_i c[i[i [ij| i[ b[ ^W]W X_[d" ieXh[ jeZe i_ oW kdW h[l_i_ÂŒd bWYjW X_[d o de j_[d[ fWhW iWX[h fheXb[cWi Z[ h[ h[# i_ j_[d[ Wb]‘d Ybki_ÂŒd$ Be c[`eh fheXb[cW Yed# [i gk[ [ijƒ [d kd YkWhje Y[hYWde ]ƒd_je$ fWhW feZ[h l_# Ä–ĹŠ ĹŠ (ĹŠ ]_bWhbe o Yedjhe# bWhbe Z[ \ehcW # _ĹŠ"#ĹŠ!4 31.ĹŠ,#Äą Yehh[YjW$ 2#2ĹŠ#,/#9¢Ŋ ĹŠ 2(23(1ĹŠ ĹŠ 4-ĹŠ!#-31.ĹŠ(-$ -3(+ĹŠ' !#ĹŠ !4 31.ĹŠ"~ 2ĔŊ8 ĹŠ04#ĹŠ/.1ĹŠ ,.3(5.2ĹŠ"#ĹŠ31 ).ĹŠ-.ĹŠ/.Äą "#,.2ĹŠ!4(" 1+.ĹŠ-.2.31.2Ä“ĹŠ +ĹŠ /1. +#, ĹŠ #2ĹŠ 04#ĹŠ #23 ĹŠ 2#, - ĹŠ '#,.2ĹŠ -.3 ".ĹŠ 4-ĹŠ! , (.ĹŠ"1;23(!.ĹŠ#-ĹŠ24ĹŠ !.,/.13 ,(#-3.ĔŊ ! 2(ĹŠ -.ĹŠ 2.-1~#ĔŊ -.ĹŠ -.2ĹŠ ,(1 ĹŠ ĹŠ +.2ĹŠ .).2ĔŊ-.ĹŠ2#ĹŠ(-3#1#2 ĹŠ/.1ĹŠ+.2ĹŠ )4#%.2ĔŊ #23;ĹŠ ,4!'~2(,.ĹŠ ,;2ĹŠ (- !3(5.Ä“ĹŠ (-ĹŠ #, 1Äą %.ĔŊ -.ĹŠ 3(#-#ĹŠ ă# 1#ĔŊ !.,#ĹŠ (#-ĔŊ "#$#! ĹŠ +.ĹŠ -.1, +ĹŠ 8ĹŠ "4#1,#ĹŠ !.11#!3 ,#-3#Ä“ĹŠ Ä 2ĹŠ-.1, +Ä&#x;Ŋĸ (!'#++#ĹŠ Äą + 9 1ĚŊ
ŏ ŏ
ŏ
āą
¡
Ċŋ
?% D8I:<CF D<A@8 I% _d\a`X7cX_fiX%Zfd%\Z
ŏ āăŏ ŏ ŏ ŏĂĀāāŏ
ŏ +. Čŏ
.2##ũ4- ũ' (+(" "ũ(-,#-2 ũ#-ũ#+ũ ,.,#-3.ũ"#ũ "04(1(1ũ8ũ"(2!#1-(1ũ+.2ũ!.-.ı !(,(#-3.2ũ04#ũ++#% -ũ ũ "ēũ 2ũ/.1ũ#23.ũ04#ũ 242ũ ++#% ".2ũ+.ũ!.-2("#1 -ũ4-ũ, #231.ũ 8 ũ04#ũ !4,4+ ũ4- ũ%1 -ũ! -3(" "ũ"#ũ !.-.!(,(#-3.2ũ8ũ4- ũ2 ("41~ ũ(-3#1(.1ē $4#13#ēũ
/,',$5 72526 (1 /$ 3/$=$ 3$67$ *58(6$ '( 3$3(/
)5872 '(/
3(5$/
812 (1 ,1*/e6
'(9$67$5
&$17$17( 352'8&725 < &20326,725 0(;,&$12
0,6,9$
5$7$ (1
)85,$
&219,&7$
,6/$ *5 '(/ 0$5 -Ð1,&2
,1*/e6
'$5 (/ 9,(172 (1 81$ &26$ $'0,5$'25
6Ì0%2/2 '( &(5,2
/$67,0$5 &(59(=$
$17(6 '( &5,672 ',*1,'$' '( 5(< /21*,78'
*$162
'(6*$67( '( /$ 7,(55$ $6(6,1$5
ĔũĈđĖćć
ũKdei f[hiedW`[i gk[ ^Wd ŗũ _dÓk_Ze [d ckY^Wi Yec[Z_Wi
',63(56$
0$7$5 5(6(6
=$5&,//2
&+83$5
$7250(17$5
+$%,7$&,Ð1 (1
',63(562
*5,72 7$85,12
),6,&$0(17(
)
2
7
5
3,e/$*2
$
5
&
$
5
5
$
/
$
,
&
(
8
5
2
,
1
5
2 ',9,1,'$'
( 9,(172 92= '(
$558//2
&(5&2 &,1( 6,1 &
6
3
,
%
5(< '( /26
5
$
$
/
(
5(/,*,26$
(
6$172 (1 32578*8e6 62&,('$' $1Ð1,0$
6
2
6
2
520$1$
$1,0$/(6
&(59(=$
* $&725 0(;, &$12 '( /$
ŗũũ
$
,
'
$
5
/
/
6Ì0%2/2 '(
3
2
/
(
5
9$6,-$ *5$1 '( '( 0(7$/ 5Ì2 '( $/(0$1,$
1
$
1
1
2
,
5
$
$
5
* $
/ CL@>@ >8CM8E@ (.*. $ (.0/ =àJ@:F P Dy;@:F @K8C@8EF% ( ;<J:L9I@ä C8 :FEKI8::@äE ;< CFJ 1 DèJ:LCFJ GFI D<;@F ;< LE <JKàDLCF <Cy:KI@:F% 2
2
(6&$62 5$',2
$ $57Ì&8/2 )(0(1,12
,167580(172 086,&$/
&
,19(17$5
&219,&72
,1+$/$5
$&725 '( &,1(
6Ì0%2/2 '(
6Ì0%2/2 '(
9(5%$/
$/7,92 35(68178262
2
6
$
$
5
$
5
&
+$%,7$&,Ð1 (1 ,1*/e6
$'25$5 48(5(5
/,67$
/
0
6Ì0%2/2 '( &/252 32/Ì7,&2 &+,12
6 *,7$12 '( 5$=$
&
5$//$'25
Ċŋ
, &
,03/25$5
5 ',26 '( /$ ,1',$ )/27$5 (1 (/ $*8$
352120%5( 3(5621$/
&219,&72
5
/(&+2
+
7
(
$8675$/,$12
(
/
$
/
$1725&+$
)$/7$
6
(
6Ì0%2/2 '(
5
2
2
0
/
$6752 5(< *5,72
$
/
52*$5
2 5
62/,7$5,$
2
5
48,17$ 92&$/
=
(
8
'(3257,92
2 *
6(/(1,2
5
/
2
(1)(50('$'
'(/7$
,
' 5
&,7$5 5(=$5 683/,&$5
/,(%5( '( /$ 3$7$*21,$ 7267$5
3(f$6&2 20(*$ 3$Ì6
7(50,1$&,Ð1
6$%5262
3$5$&+248( 3527(&&,Ð1
}
: ũ }
!4- ũ#-ũ2(,(.2ũ2#1~ ũ4-ũ /.13#ũ ũ+ ũ"#+ũ ũěũ9_[dj ÒYei [d ;ijWZei Kd_#
Zei be]hWhed Yh[Wh kdW lWYkdW YWfWp Z[ fhej[][h W bei cWYWYei YedjhW [b l_hki Z[ bW _dckdeZ[Ò# Y_[dY_W i_c_W L?I " [b [gk_lWb[dj[ Wb L?> [d bei ^kcWdei$ ;b ^WbbWp]e" fkXb_YWZe [d bW h[l_i# jW ÈDWjkh[É" feZh W Yedjh_Xk_h W bW eXj[dY_ d Z[ kdW lWYkdW gk[ i[W [\[Yj_lW jWcX_ d YedjhW [b L?> [d ^kcWdei$ BW lWYkdW YedjhW [b L?I" YkoW _d# jheZkYY_ d [d [b Yk[hfe i[ h[Wb_pW W jhWl i Z[ kd l_hki h[bWj_lWc[dj[ _de\[di_le bbWcWZe Y_jec[]Wbel_#
hki 9CL " be]h e\h[Y[h fhej[Y# Y_ d YedjhW [b L?I W ') Z[ bei (* cWYWYei h^[iki kj_b_pWZei [d [b [ijkZ_e$ Bek_i @$ F_Ya[h" YeehZ_dWZeh Z[b jhWXW`e o c_[cXhe Z[b ?dij_jkje Z[ J[hWf_W = d_YW o LWYkdWi Z[ bW Kd_l[hi_ZWZ Z[ Eh[] d ;;$ KK$ " YecfWhW [ijWi Y bkbWi Yed iebZWZei b_ijei fWhW [b YecXWj[$ I[] d F_Ya[h" ^Wo [l_Z[dY_Wi Z[ gk[ bW lWYkdW [hhWZ_Y YkWbgk_[h hWijhe Z[b I?L [d bei cedei" Wb]e gk[ Wi[]khW de j_[d[ fh[Y[Z[dj[i [d bWi _dl[ij_]WY_ed[i fWhW ^WbbWh
#.1%#2ũ 1 04# ĸĈđđĉıĈĒďĊĹ
',%8-2 6Ì0%2/2 '( (,167(1,2
: ũũ
ĸ)4-(.ũĉĉũıũ)4+(.ũĉĉĹ 4ũ !3(34"ũ$1#-3#ũ ũ+ 2ũ1#+ !(.-#2ũ! , ( ēũ .ũ%4 1"#ũ1#2#-3(,(#-3.2ēũ 1 ũ+.%1 1ũ5#1ũ + 2ũ!.2 2ũ"#ũ, -#1 ũ./3(,(23 ũ1#+;)#2#ē Ėũ (5(1ũ#2ũ , 1ēũ ũ! +(" "ũ"#+ũ ,.1ũ' !#ũ+ ũ! +(" "ũ"#ũ+ ũ5(" ēũ
ũũ
5(*/$ '(
9(5%$/
ĸ, 8.ũĉĈũıũ)4-(.ũĉĈĹ 4204#ũ"#-31.ũ"#ũ "ēũ#+ũ2(%-(ă! ".ũ"#ũ24ũ 5(" Ĕũũ 8Ì"#2#ũ!.-ũ,#"(3 !(¢-ēũ 4#"#-ũ " 12#ũ%1 -"#2ũ! , (.2Ĕũ 2(,~+#+.2ēũũũũũ Ėũ 42ũ/#-2 ,(#-3.2ũ/.2(3(5.2ũ +#ũ, -3(#-#-ũ#-ũ 1,.-~ ũ!.-ũ#+ũ -(5#12.ē
120%5$5
(
$ 3$'(&,0,(172
^ ũ
$&Ë%$5 +,-2 '( 'e'$/2
0
/ $ 0$5683,$/
' 5
$
$17(6 '( &5,672 7(50,1$&,Ð1
5
48Ì0,&2 '( 6Ì0%2/2 51 7,=$
7
$
%$/Ð1 352<(&7,/
$&75,= '( (( 88 '( /$ 3(/Ì&8/$ $9$7$5
%/$1&2
$
%
$
&$%(//2
/ 0
3/$1(7$
$
3/$17$ '( ),%5$ 7(;7,/
2
$
(67$'2 '( $6,$
1
&
,
&
<2'2
$=8)5(
,5,',2
ĸ 1(+ũĉćũıũ, 8.ũĉćĹ
.2ũ ,(%.2ũ/4#"#-ũ.! 2(.- 1ũ!.-31 ı 3(#,/.2Ĕũ, -3#-% ũ4- ũ 4#- ũ1#+ !(¢-ũ !.-ũ#++.2ēũ .2ũ 24-3.2ũ/1.$#2(.- +#2ũ ! , ( -Ĕũ2# ũ,;2ũ#ă!(#-3#ũ#-ũ24ũ31 ).ēũũũ Ėũ .-2#15#ũ+ ũ ,(23 "ũ"#ũ242ũ ,(%.2ē ũ
6Ì0%2/2 '(
3(*$ Ð5*$12 *(1, 7$/ )(0(1,12
&
$ $
0 /
&$'(5$
0
*5$1'( (67$'2 '( (8523$
$
5$7(52
$/$%$5 +8(62 '( /$
$
/$1=$5
$
$3Ð&23( '(
,168),&,(17(
5(3/(72
9(*(7$&,Ð1 (1 (/ '(6,(572 3/$12
1
$
/
7
0e',&2
/
2
,
(67$'2 '(/ 35Ð;,02 2
$
/
1(80É7,&2
$
/
&20%$7(
5
&(/(%5,'$'(6
7(/(129(/$ 6257,/(*,2
1
,1*/(6$
*$5=$ 5($/
$
58('$
'8/&(
2 ,1+$/$5
5
$
21'$
$/80,1,2
(0%$5&$&,Ð1 '(/ ',/89,2
3(= '( $*8$
6(&8/$5
&(5($/(6
021('$ '( (8523$
6Ì0%2/2 '(
2
',63(56$
&(7É&(2 0$5, 12 *,*$17(
2 52<$ '( /26
7blo I_d][h WYj W [d YbkX[i deYjkhdei o [i kde Z[ bei Y c_Yei c|i YedeY_Zei Z[ bW Y_kZWZ f[he [d be h[bWj_le Wb Wceh i_[cfh[ ^W d[Y[i_jWZe kd f[gk[ e [cfk` d$ Kd Z W" ik ]hWd Wc_]e HeX b[ fh[i[djW W kdW Z_l[hj_ZW YWdjWdj[ Z[ kd XWh deYjkhde" 7dd_[ >Wbb$ JeZe fWh[Y[ _h X_[d ^WijW gk[ bWi _di[]kh_ZWZ[i Z[ 7blo bb[lWd W 7dd_[ W WXWdZedWhb[ o Yec[dpWh kdW dk[lW l_ZW [d Bei Ûd][b[i$ 9kWdZe 7blo jecW h[Wbc[dj[ YedY_[dY_W de ZkZWh| [d h[Ykf[hWh [b Wceh Z[ 7dd_[$
ũũ
,1*/e6
6,(55$ '(/ 3$Ì6 9$6&2 0$7$'(52 '( 5(6(6
$
ĸ, 19.ũĉĈũıũ 1(+ũĈĒĹ % ũ42.ũ"#ũ3." ũ24ũ5(3 +(" "ũ8ũ#-#1%~ ũ#-ũ !.-!1#3 1ũ242ũ24# .2ũ8ũ++#% 1ũ ũ24ũ,#3 ēũ 1;ũ31 -2$.1, !(.-#2ũ ũ31 5_2ũ"#ũ24ũ /1.8#!!(¢-ũ/1.$#2(.- +ēũ Ėũ " ũ 4-.ũ1#!( #ũ"#ũ !4#1".ũ ũ+.ũ04#ũ" ēũ
&,8'$' '( -$3Ð1 %(%(5
7,=$
6
ũũ
$025
$'(5(=$5 /$ &20,'$
&$17$8725$ (63$f2/$ '( 0Ô6,&$ 323
0
ĔũĉćĖćĎ
&2%$/72
',26 '(/ 3(5621$/
6ROXFLyQ DQWHULRU
--(#ũ ++
6Ì0%2/2 '(
352120%5(
683(5),&,(
ĸ#-#1.ũĉćũıũ$# 1#1.ũĈĒĹ #1;ũ-#!#2 1(.ũ, -3#-#1ũ#+ũ./3(,(2,.ēũ 1#ũ!.-ũ'.-#23(" "ũ8ũ$1 -04#9 ēũ #Ą#7(.-#ũ -3#2ũ"#ũ3., 1ũ"#!(2(.-#2ũ ă- -!(#1 2ēũ Ėũ ,.1Ĕũ/#1"¢-ũ8ũ .1 !(¢-ũ5 -ũ)4-3.2ēũ
ĸ$# 1#1.ũĉćũıũ, 19.ũĉćĹũ #%#-#1 !(¢-ũ ũ31 5_2ũ"#ũ242ũ ,(%.2Ĕũ 2#/ ũ"($#1#-!( 1ũ#-31#ũ+.2ũ04#ũ+#ũ 84" -ũ8ũ +.2ũ04#ũ-.ēũ .-31.+#ũ242ũ#,.!(.-#2ēũũ Ėũ # ũ./3(,(23 ũ8ũ/#1, -#9! ũ +.ũ,;2ũ/.2( +#ũ4-(".ũ +ũ "1#ũ!#+#23( +ē
*8$51,&,Ð1
,*8$/'$ (1 /$
ũũ
ũũ
6$&2 /$5*2 '( /,(1=2 )5872 '( /$ 9,'
0(','$ '(
,1*/(6$ &8$57$ 127$ 086,&$/
.2ũ (,/2.Z[ i_jkWY_ d Wd_cWZWi fWhW WZkbjei$ Feh iki dkc[heiei fh[c_ei [b fhe]hWcW ^W i_Ze YWb_ÒYWZe Yece bW c[`eh i[h_[ Z[b i_]be NN feh h[l_ijWi Yece ÈJ_c[É$ ;i kdW Z[ bWi i[h_[i [ijWZekd_Z[di[i Z[ Z_Xk`ei Wd_cWZei Z[ cWoeh ZkhWY_ d" _dYbkie [b ]hk _Ze Z[ >ec[h :Ée^ ^W i_Ze _dYbk_Ze [d [b En\ehZ ;d]b_i^ :_Yj_edWho$
Ġ !(¢ũ4-ũ"~ ũ!.,.ũ'.8ğ
ũF_djeh o [iYkbjeh \hWdY i" ŗũ Ye\kdZWZeh Z[ bW Yehh_[dj[ YkX_ijW" dWY[ kd Z W Yece ^eo [d 7h][dj[k_b$ ;ijh[Y^e YebWXe# hWZeh Z[ FWXbe F_YWiie i[ Z_\[# h[dY_ Z[ [ij[ [d gk[ fh[Òh_ " W be bWh]e Z[ jeZW ik jhWo[Yjeh_W Whj ij_YW" bW dWjkhWb[pW ck[hjW o de bW Ò]khW ^kcWdW$ <Wceie feh bWi f_djkhWi Z[ XeZ[]ed[i" jWcX_ d \k[ _bkijhWZeh" [iY[d # ]hW\e" [iYkbjeh o ]hWXWZeh" Yed be gk[ be]h kd i_]d_ÒYWj_le h[YedeY_c_[dje [d l_ZW o Z[` kdW fhe\kdZW ^k[bbW [d [b Z[iW# hhebbe Z[ bW f_djkhW$
ĸ)4+(.ũĉĊũıũ %.23.ũĉĉĹũ .1ũ#+ũ,.,#-3.ũ+ ũ#)#!4!(¢-ũ"#ũ242ũ /1.8#!3.2ũ/4#"#ũ5#12#ũ+(,(3 " ũ/.1ũ+.ũ04#ũ "# #1;ũ#2/#1 1ũ!.-ũ/ !(#-!( ēũ Ėũ % ũ#+ũ/1./¢2(3.ũ"#ũ,#).1 1ũ #-ũ#+ũ/1#2#-3#ũ24ũ5(" ũ"#+ũ/ 2 ".ēũ
ũũ
ĸ %.23.ũĉĊũıũ2#/3(#, 1#ũĉĉĹ (#-#ũ"#2#.2ũ"#ũ"#) 1ũ24ũ31 ).Ĕũ/(_-2#+.ũ (#-ũ -3#2ũ"#ũ3., 1ũ"#!(2(.-#2ēũ 4("#ũ24ũ 2 +4"ũ' !(_-".2#ũ4-ũ!'#04#.ũ,_"(!.ēũ Ėũ #11 ,#ũ#-ũ3." 2ũ/ 13#2ũ+ ũ +#%1~ ũ04#ũ' 8ũ"#-31.ũ"#ũ "ē
ũũ
ĸ2#/3(#, 1#ũĉĊũıũ.!34 1#ũĉĉĹ (%(+#ũ+ ũ2 +4"ũ"#ũ242ũ/ "1#2ēũ #ũ" -ũ! ,ı (.2ũ#-ũ24ũ'.% 1ēũ # ũ/ !(#-3#ũ8ũũ/.2(3(5.ēũũũ Ėũ +ũ'., 1#ũ#2ũ+.ũ04#ũ#2Ĕũ-.ũ+.ũ 04#ũ04(#1#ũ.ũ/1#24,#ũ2#1ēũ
ũũ
ĸ.!34 1#ũĉĊũıũ-.5(#, 1#ũĉĈĹũ
ũ!.,4-(! !(¢-ũ!.-ũ+.2ũ'().2ũ#2ũ"($~!(+Ĕũ !_104#2#ũ ũ#++.2ũ8ũ"_+#2ũ ,.1ũ8ũ/ !(#-ı !( ēũ 4("#ũ24ũ2(23#, ũ-#15(.2.ēũũ Ėũ ũ5(" ũ#2ũ4- ũ#2!4#+ Ĕũ ".-"#ũ+ 2ũ5(5#-!( 2ũ2.-ũ+ 2ũ, #231 2ēũ
ũũ
ĸ-.5(#, 1#ũĉĉũıũ"(!(#, 1#ũĉĈĹũ .,#ũ/1#! 4!(.-#2ũ#-ũ242ũ-#%.!(.2Ĕũ#+ũ-.ũ ' !#1+.ũ/4#"#ũ31 #1ũũ/_1"(" 2ũ04#ũ $#!3#-ũ ũ3." ũ+ ũ$ ,(+( ēũ # ũ! 43.ũ +ũ3., 1ũ "#!(2(.-#2ēũũ Ėũ +ũ -(5#12.ũ#2ũ4-ũ 1#2#15.1(.ũ(+(,(3 ".ũ"#ũ/.2( (+(" "#2ē
kdW lWYkdW YedjhW [b L?>$ 9_[dj ÒYei [d [ij[ YWcfe i[ \[b_Y_jWhed feh [b ^WbbWp]e" Wkdgk[ Wi[]khWhed gk[ i[ Z[X[h|d ikf[# hWh Yk[ij_ed[i Z[ i[]kh_ZWZ Wdj[i Z[ gk[ kd [d\egk[ i_c_bWh fk[ZW i[h kj_b_pWZe [d ^kcWdei$
ũũ
ĸ"(!(#, 1#ũĉĉũıũ#-#1.ũĈĒĹ 4ũ/#12.- +(" "ũ! , ( Ĕũ2#ũ31 -2$.1, Ĕũ /.-% ũ3." ũ24ũ5.+4-3 "ũ/ 1 ũ04#ũ2#ũ"_ēũ ũ !.,4-(! !(¢-ũ2#ũ3.1- ũ"($~!(+Ĕũ !3Ì#ũ!.-ũ 2(%(+.ēũ Ėũũũ .".ũ#2ũ-#!#2 1(.ũ8ũ 3.".ũ/ 2 ēũ
Ä Ä†
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ĺ?
Ĺ? +. Ĺ?
##-(-%ĹŠ2#ĹŠ , -3(#-#ĹŠ !.,.ĹŠ+~"#1
1 -!(2!.ĹŠ #-3.2.Ŋĸ .5(23 1ĚŊ24,¢Ŋ + ĹŠ2#%4-" ĹŠ5(!3.1( ĹŠ#2/  .+ ĹŠ#-ĹŠ+ ĹŠ /1#2#-3#ĹŠ#"(!(¢-ĹŠ"#+ĹŠ (1.ĹŠ"#ĹŠ 3 +( ĹŠ +ĹŠ (,/.-#12#ĹŠ +ĹŠ#2/1(-3ĹŠ/.1ĹŠ"#+ -3#ĹŠ"#+ĹŠ (3 +( -.ĹŠ +#22 -"1.ĹŠ #3 !!'(ĹŠ#-ĹŠ+ ĹŠ 2#73 ĹŠ#3 / ĹŠ"(2/43 " ĹŠ#-31#ĹŠ 15(#3.ĹŠ8ĹŠ (4%%(ĔŊ"#ĹŠÄ‰ÄˆÄ?ĹŠ*(+¢,#31.2Ä“ĹŠ ĹŠ!+ 2(ă! Äą !(¢-ĹŠ%#-#1 +ĹŠ2(%4#ĹŠ +ĹŠ, -".ĹŠ"#+ĹŠ" -_2ĹŠ (#3#1ĹŠ ##-(-%Ŋĸ$.3.Ěē
/+ - 1ĹŠ ĹŠ 242ĹŠ1(5 +#2ĹŠ
ĹŠ
+ĹŠÄĽ ."(++.ĹŠ .).ÄŚĹŠ04(#1#ĹŠ 2#%4(1ĹŠ#-ĹŠ+ ĹŠ /4-3 ĹŠ"#+ĹŠ !#13 ,#-Ä“
BW \[Y^W ') Z[ bW I[h_[ 8 Ye# c_[dpW ^eo Yed [b fWhj_Ze Z[b b‡Z[h" gk[ XkiYW Wkc[djWh bW l[djW`W ieXh[ iki [iYebjWi$ ;b i|XWZe ^WXh| YkWjhe fWhj_Zei o [b Zec_d]e i[ Y[hhWh| bW `ehdW# ZW Yed [b `k[]e [djh[ bei Yeb_i# jWi Z[b jehd[e$ ;b [ijWZ_e 8[bbWl_ijW h[Y_X_h| [b Yej[`e Z[b JƒYd_Ye Kd_l[hi_# jWh_e Yed [b LWbb[ Z[b 9^ejW W bWi (&0&&$ ;b ĂˆHeZ_bbe He`eÉ [i [b ‘d_Ye [gk_fe gk[ i[ cWdj_[d[ _dl_Yje Yed )& fkdjei$ ;b YkW# Zhe Z[b LWbb[" [d YWcX_e" i_]k[ i_[dZe bW iehfh[iW Z[b jehd[e o Yed (& kd_ZWZ[i [i YkWhje [d [b jehd[e$ ;b [gk_fe _cXWXkh[‹e
#!' ĹŠÄˆÄŠ #1(#ĹŠ
13(".ĹŠ ĹŠ ĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠ ~ ĹŠ ĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠ .1 ĹŠ Ä“ĹŠ -(5#12(3 1(.ŊIJŊ ++#ĹŠ"#+ĹŠ '.3 ĹŠ (#1-#2ĹŠÄˆÄŠĹŠ ĉćĖććŊ .! $4#13#ŊIJŊ (5#1ĹŠ + 3#ĹŠ ; ".ĹŠÄˆÄŒĹŠ ÄˆÄˆÄ–Ä‡Ä‡ĹŠ Ä“ĹŠ 9.%4#2ŊĹŊ 1#!( ĹŠĹŠ ; ".ĹŠĹŠ ÄˆÄŒÄˆÄŽÄ–ÄŠÄ‡ĹŠ
(% ĹŠ ēŊIJŊ Ä“ĹŠ 3¢+(! ĹŠĹŠ ; ".ĹŠÄˆÄŒĹŠ ĈÄ?ĖććŊ ŊIJŊ ! 1;ĹŠ ; ".ĹŠÄˆÄŒĹŠ ĈÄ?ĖććŊ Ä“ĹŠ 4#5#".ŊIJŊ 3+Ä“ĹŠ 4" 9ĹŠĹŠ .,(-%.ĹŠÄˆÄŽĹŠ ÄˆÄŽÄ–Ä‡Ä‡ĹŠ
XkiYWh| Whh[XWjWhb[ [b _dl_Yje Wb b‡Z[h Z[b jehd[e$ ;b i|XWZe" [d YWcX_e" i[ [d\h[djWd [b HeYW\k[hj[ o [b H_l[h FbWj[" Zk[be Z[ [gk_fei ]kWoWgk_b[‹ei$ ;b YkWZhe Ăˆ9[# c[dj[heÉ [i j[hY[he o [ij| W bW [nf[YjWj_lW Z[ be gk[ ^W]Wd bei [gk_fei fkdj[hei" fWhW [iYWbWh fei_Y_ed[i$ ;b H_l[h jWcX_ƒd gk_[h[ i[# ]k_h c[`ehWdZe fei_Y_ed[i" oW gk[ jhWi kd _d_Y_e Yecfb_YWZe [d [b jehd[e beYWb" [d bWi ‘bj_# cWi \[Y^Wi ^W Yedi[]k_Ze _c# fehjWdj[i jh_kd\ei$
ĹŠĹŠĹŠĹŠ 23 "(. #++ 5(23 +#) -"1.ĹŠ .-!# +#) -"1.ĹŠ -3.2ĹŠ # +#2ĹŠ , 1(-".2ĹŠ 23 "(.ĹŠ ĹŠ .!' Ä?ĹŠ"#ĹŠ !34 1#
;i[ c_ice Z‡W `k]Wh|d [b :[# fehj_le 7pe]k[i Yed [b =h[Y_W W bWi '+0)&$ Bei Zei [gk_fei ied h_lWb[i Z_h[Yjei" eYkfWdZe fei_# Y_ed[i i[YkdZWh_Wi$ Kde Z[ bei Yej[`ei c|i WjhWY# j_lei Z[ bW `ehdWZW" i[h| [b gk[ fhejW]ed_Y[d B_]W Z[ Fehjel_[# `e o Kd_l[hi_ZWZ 9WjÂŒb_YW" [d [b [ijWZ_e H[Wb[i JWcWh_dZei W bWi ',0&&$ ;d [b Wdj[h_eh Yej[`e bW Ăˆ9Wf_hWÉ i[ bb[lÂŒ kd fkdje Z[ Gk_je o W^ehW bei ĂˆYWcWhWjWiÉ Wif_hWd W ikcWh [d ik l_i_jW W Fehjel_[`e$ Bei Yeb_ijWi Z[b jehd[e Y[#
Ä“ĹŠ ĹŠÄĽ /(1 ÄŚĹŠ+#ĹŠ , 1%¢Ŋ+ ĹŠÄƒ#23 ĹŠ ĹŠ+ ĹŠ 3¢+(! ĹŠ#-ĹŠ#+ĹŠ/ 13(".ĹŠ"#ĹŠ(" Ä“ĹŠ +ĹŠ!.3#).ĹŠ 3#1,(-¢Ŋ ĹŠ4-.2ĹŠ#-ĹŠ#+ĹŠ#23 "(.ĹŠ 3 '4 +/ Ä“
hhWh|d bW `ehdWZW [b Zec_d]e$ ;b :[fehj_le Gk[l[Ze i[ c_Z[ Wb 7jbƒj_Ye 7kZWp W bWi '+0&& [d [b [ijWZ_e - Z[ EYjkXh[$ ;b YkW# Zhe cWY^Wb[‹e [i ‘bj_ce" Yed
Wf[dWi eY^e fkdjei" c_[djhWi gk[ [b Gk[l[Ze [i ZƒY_ce Yed '' kd_ZWZ[i$ ;ij[ fWhj_Ze i[h| l_jWb fWhW bW h[Ykf[hWY_Œd Wd‡c_YW Z[ bei Zei [gk_fei$
.-3(-ĂŒ ĹŠ+ ĹŠ, + ĹŠ 1 !' ĹŠ"#ĹŠ #"#1#1 Ä“ĹŠ ĹŠÄ› ;b ik_pe He][h <[Z[#
Ä“ĹŠ .2ĹŠ#11.1#2ĹŠ-.ĹŠ$.19 ".2ĹŠ"#ĹŠ #"#1#1ĹŠ$4#1.-ĹŠ"#!(2(5.2ĹŠ/ 1 ĹŠ24ĹŠ"#11.3 Ä“ĹŠ 4,¢ŊŊĊćŊ#11.1#2ĹŠ#-ĹŠ3.".ĹŠ#+ĹŠ/ 13(".ĔŊ,(#-31 2ĹŠ04#ĹŠ24ĹŠ1(5 +ĹŠ /#- 2ĹŠÄˆÄ’Ä“ĹŠ
h[h" d‘c[he ) Z[b ckdZe" YWoÂŒ Wo[h YedjhW fhedÂŒij_Ye \h[dj[ Wb \hWdYƒi H_Y^WhZ =Wigk[j" gk_[d i[ _cfkie feh *#," -#, ( o -# , * " [d bei eYjWlei Z[ Ă’dWb Z[b CWij[hi '&&& Z[ HecW" kd jeh# d[e ZedZ[ i_]k[ ik cWbW hWY^W oW gk[ dkdYW be ^W ]WdWZe$ ;b `k]WZeh ^[blƒj_Ye jkle [b fWhj_Ze Z[ YWhW jhWi WZ`kZ_YWhi[ [b fh_c[h i[j" f[he Ă’dWbc[dj[ WYWXÂŒ Y[Z_[dZe Wdj[ [b d‘c[he
', Z[b ckdZe [d Zei ^ehWi o '/ c_dkjei$ <[Z[h[h iWb_Œ Yed \k[hpW o" jhWi hecf[h [b i[hl_Y_e Z[ ik h_lWb [d [b fh_c[h `k[]e" i[ WZ# `kZ_YŒ jWcX_ƒd [b i_]k_[dj[ i_d Z[`Wh Wb \hWdYƒi ikcWh d_ kd iebe fkdje$ De \k[ ^WijW [b j[hY[h `k[]e YkWdZe =Wigk[j ikcŒ iki fh_# c[hei fkdjei o Yedi_]k_Œ \h[# dWh Wb ^[blƒj_Ye gk[ ^WX‡W [d# YWZ[dWZe kd fWhY_Wb \WlehWXb[
Z[ '& fkdjei W & " f[he YkWdZe i[ Z[if[hjÂŒ" [b \hWdYƒi Z[lebl_ÂŒ [b ĂˆXh[WaÉ gk[ ^WX‡W [dYW`WZe$ ;d bei YkWhjei Z[ Ă’dWb =Wi# gk[j i[ c[Z_h| Wb Y^[Ye J^ecWi 8[hZoY^" gk[ i[ _cfkie Wo[h Wb Ă’dbWdZƒi @Whaae D_[c_d[d$ <[Z[h[h o =Wigk[j i[ ^WX‡Wd [d\h[djWZe Yed Wdj[h_eh_ZWZ [d dk[l[ eYWi_ed[i o [d eY^e Z[ [bbWi ^WX‡W ]WdWZe [b ik_pe" f[he W <[Z[h[h Yedj_d‘W h[i_ij_ƒdZe# i[b[ [b jehd[e Z[ HecW$
Ĺ? Ĺ?
Ĺ?
Ä Ä‡
Ĺ? Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ĺ?
Ĺ? +. Ĺ?
ÄĽ ' 1+ 1ĹŠ,#-.2ĹŠ 8ĹŠ' !#1ĹŠ,;2ÄŚ
.ĹŠ"#2! 13 ĹŠ(12#ĹŠ #-ĹŠ)4-(.
Ĺ—ĹŠ ĹŠĹŠ7b[`WdZhe 9Wij_bbe j_[d[ YedjhWje Yed [b YkWZhe Z[ bW FbWpW Z[b J[Wjhe ^WijW Z_Y_[cXh[$ F[i[ W [bbe" Z[`ÂŒ WX_[hjW bW fei_X_b_ZWZ Z[ _hi[ Wb [njhWd`[he$ Æ;i[ \k[ [b WYk[hZe Yed bei Z_h_][dj[i o kde i_[cfh[ Wif_hW iWb_h W `k]Wh [d [b [nj[# h_ehÇ" Z_`e 9Wij_bbe" W gk_[d b[ ]kijWh‡W bW _Z[W Z[b FWY^kYW Z[ Cƒn_Ye$
ÄĽ .1#1.2ÄŚĹŠ+(23.2
Ĺ—ĹŠ ĹŠĹŠ8WhY[bedW YedY[djhÂŒ Wo[h Yed bW Wb_d[WY_ÂŒd Z[Ă’d_ZW fWhW [b Ăˆ`k[]e _dcehjWbÉ Wdj[ ;c[b[Y$ 7 bW [if[hW Z[ bW Yed# Ă’hcWY_ÂŒd Z[ Ă›b[n 7]k_dW]W" gk_[d i[ _dYehfeh| [ij[ Z‡W Wb [gk_fe" bW fei_Xb[ \ehcWY_ÂŒd i[h‡W Yed0 C|n_ce 8Wd]k[hW" C_]k[b ?XWhhW" @eiƒ Bk_i F[h# bWpW" ?l|d >khjWZe" 9^h_ij_Wd 9hkp" :[dd_i Gk_‹Œd[p" Bk_i 9W_Y[Ze" 8h_Wd Z[ bW Jehh[" L_d_Y_e 7d]kbe" CWj‡Wi EoebW [ ?l|d 8eh]^[bbe$
.13#1.ĹŠ1_!.1"ĹŠ
Ĺ—ĹŠ ĹŠĹŠ;ij[XWd :h[[h" Whgk[he Z[b :[fehj_le 9k[dYW" ikcW ,) fWhj_Zei Yedi[Ykj_lei Yece j_jkbWh Z[iZ[ [b W‹e (&&/" YkWdZe i[ _dj[]hÂŒ W bei ĂˆcehbWYeiÉ$ ;b ĂˆH_Ă“[É" Yece [i YedeY_Ze [b fehj[he Wh][dj_de" WYWXÂŒ Yed bW cWhYW Z[ ,( [dYk[djhei i[]k_Zei gk[ [ijWXW [d feZ[h Z[ 9Whbei Hed$
2ĹŠ+ ĹŠÄƒ+.2.$~ ĹŠ"#+ĹŠÄĽ 3¢-ÄŚĹŠ 49 ĹŠ"#2/4_2ĹŠ"#ĹŠ+ ĹŠÄƒ241 ĹŠ 04#ĹŠ24$1#ĹŠ24ĹŠ#04(/.ĹŠ#-ĹŠ1#-Äą "(,(#-3.ĹŠ8ĹŠ1#24+3 ".2Ä“
;b hecWdY[ [d FedY_Wde [cf[pÂŒ W Ă’ikhWhi[$ I_ [d bW [b_c_dWY_ÂŒd Z[ bW ĂˆB_X[hjWZeh[iÉ ckY^ei ^_d# Y^Wi WfbWkZ_[hed W iki `k]WZe# h[i f[i[ W bW Z[hhejW +#& [d [b ]beXWb Wdj[ Lƒb[p" bW deY^[ Z[b c_ƒhYeb[i fWiWZe" [d kdW dk[lW YW‡ZW" [ijW l[p \h[dj[ W ;c[b[Y &#' bWi YeiWi YWcX_Whed$ ;b [de`e Z[ bW cWoeh fWhj[ Z[ bW ^_dY^WZW Z[ B_]W Z[ Gk_je eX[# Z[Y[ W bW Ă“e`W WYjkWY_ÂŒd o feYei h[ikbjWZei gk[ l_[d[ WbYWdpWdZe [b [gk_fe [d iki fh[i[djWY_ed[i$ Æ>Wo gk[ Y^WhbWh c[dei o ^W# Y[h c|iÇ" Z_`e [b ĂˆFWjÂŒdÉ Wo[h [d hk[ZW Z[ fh[diW" fh[l_e Wb `k[# ]e Z[b Zec_d]e '(0&& Wdj[ [b CWdjW$ ÂľI_]d_Ă’YWh| [ije gk[ ^Wh| Wb# ]kdei YWcX_ei [d bW \ehcWY_ÂŒd YWdiWZW o Z[icej_lWZW gk[ i[ ^W l_ije ^WijW [b cec[dje5 ÆDe fWiWh feh YWdiWdY_eÇ" h[ifedZ_ÂŒ [b [djh[dWZeh Wh][dj_de" gk_[d" f[i[ W [bbe" iWYÂŒ iki [ijWZ‡ij_YWi
fWhW Z[Y_h gk[ ^Wd `k]WZe () fWhj_Zei [d )& Z‡Wi$ ;b [djh[dWZeh heiWh_de Wif_hW gk[ fWhW bW i[]kdZW [jWfW fk[ZW YedjWh Yed [b fbWdj[b Yecfb[je" [b gk[ de jkle [d [ijW \Wi[$ ÂľJ_hÂŒ bW jeWbbW5 De$ 8WkpW Z_Y[ gk[ \WbjWd i[_i fWhj_Zei o '. fkdjei [d `k[]e" Wkdgk[ [b ;c[# b[Y b[i bb[lW kdW l[djW`W Z[ Y_dYe fkdjei$ FWhW [b Z_h[Yj_le ;ij[XWd FWp bWi b[i_ed[i Z[ lWh_ei [b[c[djei j_jkbWh[i Æ[dhWh[Y_[hedÇ [b Wc# X_[dj[ [d bW ĂˆKÉ$ ÆCWbW ik[hj[0 dei ^_pe _bki_edWh" f[he W^ehW [ijWcei Yed [ij[ fWdehWcWÇ" Z_`e FWp" gk_[d Z[`ÂŒ [d cWdei Z[b ĂˆFWjÂŒdÉ bW fei_X_b_ZWZ Z[ _d# YehfehWh kd dk[le `k]WZeh$ Âľ>Wo fbWjW5 ÆJeZe [i \WYj_Xb[ Wkdgk[ WhhWijhWcei kd ZÂƒĂ’Y_j [YedÂŒc_Ye$ FeZh‡W i[h kd `k]W# Zeh dWY_edWb" fehgk[ d[Y[i_jW# h‡Wcei l[dZ[h kd `k]WZeh Z[ bei gk[ j[d[ceiÇ" YedYbkoÂŒ FWp$
Ä“ĹŠ ĹŠ ./ ĹŠ ( #13 ".1#2ĹŠ2#ĹŠ$4#ĹŠ8ĹŠ+ ĹŠ/1(,#1 ĹŠ#3 / ĹŠ2(%4#ĹŠ#+ĹŠ,(2,.ĹŠ 14, .ĹŠ/ 1 ĹŠ (% Ä“ĹŠ
#!' ĹŠÄˆÄ‘ĹŠ(-(!( ĹŠ'.8ĹŠ#-ĹŠ .) ĹŠ BW ZƒY_ce eYjWlW \[Y^W Z[b jehd[e Z[ \‘jXeb Z[ bW I[h_[ 7 _d_Y_W [ij[ Z‡W [d [b [ijWZ_e ĂˆH[_dW Z[b 9_id[É '/0)& Yed [b fWhj_Ze [djh[ B_]W Z[ Be`W [ ?dZ[f[dZ_[dj[ Z[b LWbb[$ F[he be WjhWYj_le Z[ bW `ehdWZW [ijWh| [b Zec_d]e '-0)& [d bW YWdY^W Z[b =[eh][ 9Wfm[bb" Yed [b Z[dec_dWZe ĂˆYb|i_Ye Z[b Wij_# bb[heÉ [djh[ ;c[b[Y o 8WhY[bedW$ ;b Ăˆ8ecX_bbeÉ fk[Z[ i[dj[d# Y_Wh bW [jWfW o" Z[ fWie" Z[if[Z_h Z[ \ehcW jhWdgk_bW Wb jƒYd_Ye EcWh 7iWZ" gk_[d [i [if[hWZe [d 7h][dj_dW fWhW l_dYkbWhi[ Wb IWd Beh[dpe Z[ 7bcW]he$ ;d ejhei [dYk[djhei" ;b DW# Y_edWb fheYkhWh| iWb_h ]WdWZeh [d [b [dYk[djhe YedjhW [b ?cXWXkhW '(0&& " [d XkiYW Z[b j[hY[h fk[i# je" [d cWdei Z[ :[fehj_le Gk_je" gk[ W bW c_icW ^ehW l_i_jW Wb ;i# feb_" Yed @kWd 9Whbei =WhWo jeZW# l‡W [d bW pedW jƒYd_YW oW gk[ 9Wh# bei ?iY^_W Wikc_h| [b Zec_d]e$ :[fehj_le 9k[dYW" gk[ Yec# fWhj[ [b YkWhje fk[ije Yed ;b DWY_edWb" Yed (+ fkdjei YWZW kde" h[Y_X_h| W Ebc[Ze '-0&& " gk[ i[ Z[XWj[ [djh[ bei ‘bj_cei YkWZhei Z[ bW jWXbW Z[ fei_Y_ed[i$ C_[djhWi gk[ B_]W Z[ Gk_je
ēŊ 1!#+.- Ŋ31 )¢Ŋ#23 Ŋ2#Ĺ , - Ŋ2(-Ŋ24Ŋ3_!-(!.ĔŊ:+#7Ŋ %4(- % ē
#1(#ĹŠ 13(".2
ĹŠ (#1-#2ĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠ Ĺ— (% ĹŠ"#ĹŠ .) Äą -"#/#-"(#-3#ĹŠÄ¸ÄˆÄ’Ä–ÄŠÄ‡Äš ; ".ĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠ Ĺ—ĹŠ 2/.+(Äą #/.13(5.ĹŠ 4(3.ĹŠĹŠÄ¸ÄˆÄ‰Ä–Ä‡Ä‡Äš
+ĹŠ !(.- +Äą , 41 ĹŠĹŠĹŠÄ¸ÄˆÄ‰Ä–Ä‡Ä‡Äš #/.13(5.ĹŠ 4#-! Äą +,#".ĹŠĹŠÄ¸ÄˆÄ?ĖććĚ ĹŠ .,(-%.ĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠ Ĺ— -3 Äą (% ĹŠ"#ĹŠ 4(3.ĹŠĹŠÄ¸ÄˆÄ‰Ä–Ä‡Ä‡Äš ,#+#!Äą 1!#+.- ĹŠÄ¸ÄˆÄ?ĖĊćĚ
_dj[djWh| [b Zec_d]e jecWhi[ bW h[lWdY^W Z[ bW h[Y_[dj[ Z[hhejW Z[ beYWb feh '#& Wdj[ ;c[b[Y" [d ik l_i_jW Wb CWdjW" gk[ [i ejhe Z[ bei Yeb_ijWi Z[b YWcf[edWje [YkWjeh_Wde$
ÄĽ '4!'.ÄŚĹŠ5.+5#1~ ĹŠ ĹŠ 41./
+ĹŠ5(!#/1#2("#-3#ĹŠ#)#!43(5.ĹŠ"#+ĹŠ -3.2ĹŠ %4- ĔŊ + #13.ĹŠ -#".ĹŠ !.49#3ĔŊ!.-ă1,¢Ŋ ĹŠ,#"(.2ĹŠ,#7(! -.2ĹŠ04#ĹŠ#+ĹŠ"#+ -3#1.ĹŠ#!4 Äą 3.1( -.ĹŠ(-3#1#2 ĹŠ ĹŠ5 1(.2ĹŠ!+4 #2ĹŠ"#+ĹŠÄĽ (#).ĹŠ .-3(-#-3#ÄŚÄ“ĹŠ
āą
ŏ āăŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
ēũ 2ũ'(23.1( 2ũ)45#-(+#2ũ$4#1.-ũ!.-3 " 2ũ/.1ũ+.2ũ#234"( -3#2ũ"#+ũ , 3.Ĕũ#-ũ4-ũ (/ũ ./ũ,."#1-.Ĕũ++#5;-".2#ũ#+ũ! ,/#.- 3.ũ 2.+43.ē
ũ ũ ũ ũ ũ 4#1.-ũ2#(2ũ!.ı 1#.%1 $~ 2ũ/ 1ı 3(!(/ -3#2ũ#-ũ#+ũ -3#1!.+#%( +ũ"#ũ '##1+# "#12ũ8ũ '##1ũ -!#ũĉćĈĈĔũ 1# +(9 ".ũ 8#1ũ!.-ũ /+ -3#+#2ũ04#ũ!.-ı 3 %( 1.-ũ +#%1~ ē
ēũ - ũ!.1#.%1 $~ ũ#7/1#2(5 ũ"#ũ1#241%(,(#-3.ũ/1#2#-3 1.-ũ+ 2ũ!'(! 2ũ"#+ũ #-31.ũ "4! 3(5.ũ (+(-%Õ#ũ -3#1- !(.- +ũĸ Ĺũ#-ũ4-ũ /#-ũ -!#ē
ēũ .-ũ2.+341 ũ/1#2#-3 1.-ũ+ 2ũ#234"( -3#2ũ"#ũ ũ -, !4+ " Ĕũ+.2ũ,.5(,(#-ı 3.2ũ,;2ũ1~3,(!.2ũ"#ũ24ũ!.1#.%1 $~ ũ'(/./#1 ē
} ēũ .-ũ4- ũ!.1#.%1 $~ ũ,(2ı 3#1(.2 ũ8ũ1~3,(! Ĕũ+ 2ũ!'(! 2ũ"#+ũ -3.ũ .,(-%.ũ2#ũ++#5 1.-ũ#+ũ2#%4-".ũ+4% 1ē
ēũ 4#1.-ũ,.5(,(#-3.2ũ! "#-!(.2.2ũ8ũ!..1"(- ".2ũ+.2ũ04#ũ,.231 1.-ũ+ 2ũ !'(! 2ũ"#+ũ 3#- 2Ĕũ.3.1%;-".+#2ũ#+ũ2#%4-".ũ+4% 1ē
ēũ -ũ24ũ/1(,#1ũ .ũ"#ũ/ 13(!(/ !(¢-Ĕũ#+ũ .+~5 1ũ"#,.231¢ũ24ũ %(+(" "ũ 8ũ! "#-!( ũ#-ũ#+ũ '##1ũ -!#ē
(3 !(.-#2
,;2ĹŠ$1#!4#-3#2
Ä Ä†
Ĺ? Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
ŗ (1!4+ 1Ŋ2(-Ŋ#+Ŋ!(-341¢-Ŋ"#Ŋ2#%41(" " + 1Ŋ/.1Ŋ!#+4+ 1Ŋ,(#-31 2Ŋ!.-"4!#ŗŊ ŗŊ .13 1Ŋ/#+~!4+ 2Ŋ/.+ 1(9 " 2Ŋ2(-Ŋ/#1,(2. Ŋ .Ŋ2.+(!(3 1Ŋ +Ŋ/ 2 )#1.Ŋ04#Ŋ42#Ŋ#+Ŋ ŗ!(-341¢-Ŋ"#Ŋ2#%41(" "
-! 43 -ĹŠ!#+4+ 1#2ĹŠ #-ĹŠ#+ĹŠ 13#2 - +
Ĺ—ĹŠĹŠĹŠĹŠ
&!/()-Ĺ‹ )( / .), -Ĺ‹()Ĺ‹ , -* . (Ĺ‹& Ĺ‹ 3Ĺ‹0#! (. Ä“ĹŠ .2ĹŠ4-($.1, ".2ĹŠ1# +(9 -ĹŠ!.-31.+#2ĹŠ$1#!4#-3#2ĹŠ ĹŠÄƒ-ĹŠ"#ĹŠ!.-!(#-!( 1ĹŠ ĹŠ+ ĹŠ!(4" " -~ ĹŠ8ĹŠ#5(3 -ĹŠ(-!("#-3#2Ä“
8ĹŠ%1 -ĹŠ! -3(" "ĹŠ"#ĹŠ#7!42 2ĹŠ/ 1 ĹŠ04#ĹŠ + ĹŠ/.+(!~ ĹŠ-.ĹŠ+#2ĹŠ#-31#%4#ĹŠ+ ĹŠ!(3 !(¢-Ä“ĹŠ .-Äą "4!3.1#2ĹŠ8ĹŠ!(4" " -~ ĹŠ"# #-ĹŠ /.8 1Ä“ Æ7Y| Y[hgk_jW c[ iWgk[ [b Y_d# jkhÂŒd fWhW WokZWh W XW`Wh kdW YWh]W Z[ bW YW`k[bWÇ$ Æ@[\[" h[Y_ƒd Ye]‡ [b YWhheÇ o Æ7^eh_jW c[ fed# ]e [b Y_djkhÂŒdÇ" ied Wb]kdWi Z[ bWi [nYkiWi c|i Yeckd[i" gk[ fed[d bei YedZkYjeh[i Z[ l[^‡# Ykbei fWhj_YkbWh[i" jWn_i o Xki[i YkWdZe ied Y_jWZei feh de kiWh [b Y_djkhÂŒd Z[ i[]kh_ZWZ Wb ce#
c[dje Z[ Y_hYkbWh$ BW cW‹WdW Z[ Wo[h" W fWhj_h Z[ bWi '&0)&" i[ h[Wb_pÂŒ kd ef[hWj_le Z[ Yedjheb [d bW Wl[d_ZW '( Z[ Del_[cXh[ feh fWhj[ Z[ bei kd_\ehcWZei Z[ bW @[\WjkhW Fhel_dY_Wb Z[ Jh|d# i_je o I[]kh_ZWZ L_Wb" ZedZ[ i[ fkie Z[ cWd_Ă’[ije [b _hh[if[je Z[ ]hWd YWdj_ZWZ Z[ YedZkYjeh[i W bW dehcWj_lW Z[ jh|di_je l_][d#
/#+ !(¢ŗŊŊ 2Ŋ/#12.- 2Ŋ04#Ŋ!.-2("#1#-Ŋ04#Ŋ ' -Ŋ2(".Ŋ2 -!(.- " 2Ŋ2(-Ŋ+.2Ŋ 1%4Ĺ ,#-3.2Ŋ-#!#2 1(.2ĔŊ3(#-#-Ŋ"#1#!'.Ŋ Ŋ/1#2#-3 1Ŋ4- Ŋ /#+ !(¢-Ŋ"#-31.Ŋ"#Ŋ +.2Ŋ31#2Ŋ/1(,#1.2Ŋ"~ 2Ŋ'; (+#2ē
4#%.Ŋ"#Ŋ+.2Ŋ"~ 2Ŋ(-"(! ".2ĔŊ8 Ŋ-.Ŋ 2#Ŋ !#/3 -Ŋ1#!+ ,.2ĔŊ! #Ŋ(-"(! 1Ŋ 04#Ŋ+.2Ŋ4-($.1, ".2Ŋ04#Ŋ#-31#% 1.-Ŋ + Ŋ!(3 !(¢-Ŋ"# #-Ŋ !4"(1Ŋ. +(% 3.1( Ĺ ,#-3#Ŋ Ŋ+ 2Ŋ 4"(#-!( 2ē
jkhÂŒd Z[ i[]kh_ZWZ" oW gk[ [ie b[ fk[Z[ iWblWh bW l_ZW [d YWie Z[ WYY_Z[dj[$
( (. Ĺ‹ -.6Ĺ‹ (., Ĺ‹ & Ĺ‹0# Ĺ‹3Ĺ‹& Ĺ‹'/ ,.
#- &v Ĺ‹ #(0 -.#! Ĺ‹ - -#( .) 7b[n Ced`[" Wb‡Wi [b ĂˆCede 7b[nÉ" ikfk[ije Wi[i_de Z[ kd `el[d [d bW Y_kZWZ[bW ?d]W^khYe" f[h# cWd[Y[ fheY[iWZe c_[djhWi bWi Z_b_][dY_Wi WlWdpWd W YWh]e Z[ bW kd_ZWZ Z[ _dl[ij_]WY_ÂŒd Z[ f[h# iedWi o ]WhWdj‡Wi Z[ bW <_iYWb‡W Z[ Jkd]khW^kW" i[]‘d _dZ_YÂŒ Ă›d][b EYWcfe H_lWZ[d[_hW" \kdY_edWh_e Z[ [ij[ Z[fWhjWc[d# je$ BW Wkjeh_ZWZ W]h[]ÂŒ gk[ [d bei fhÂŒn_cei Z‡Wi ieb_Y_jWh|d bW Wcfb_WY_ÂŒd Z[b fbWpe Z[ bW _di# jhkYY_ÂŒd Ă’iYWb" oW gk[ W‘d Yed# j_d‘Wd bWi Wl[h_]kWY_ed[i ieXh[ [ij[ YWie$ :[ijWYÂŒ gk[ bei j[ij_]ei" gk_[d[i \k[hed Wc[dWpWZei Z[ ck[hj[ feh [b ĂˆCede 7b[nÉ" de ^Wd fh[i[djWZe ik Z[dkdY_W
j[" gk[ [n_][ gk[ [b YedZkYjeh o bei fWiW`[hei ki[d Y_djkhÂŒd Z[ i[]kh_ZWZ" WZ[c|i gk[ Y_hYkb[d Yed cWjh‡YkbW o b_Y[dY_W WYjkW# b_pWZW$ Ă›blWhe @|Yec[" ikX`[\[ Z[ jh|di_je Z[ Jkd]khW^kW" [d# \Wj_pÂŒ gk[ ÆbWc[djWXb[c[dj[ de [n_ij[ kdW YkbjkhW Z[ jh|di_je o jWcfeYe i[ ^WY[ YedY_[dY_W Z[ bW _cfehjWdY_W Z[ [ijei Yk_ZWZei1 [d YWZW ^ehW Z[ Yedjheb i[ [djh[# ]Wd feh be c[dei )& Y_jWY_ed[i W bei YedZkYjeh[i gk[ _d\h_d][d bW B[oÇ$ H[YWbYÂŒ gk[ gk_[d[i jhWXW# `Wd [d [b i[hl_Y_e Z[ jWn_i Z[X[d f[Z_h Wb fWiW`[he gk[ ki[ [b Y_d#
Ä“ĹŠ +ĹŠÄƒ2! +ĹŠ:-%#+ĹŠ ! ,/.ĹŠ (-"(!¢Ŋ04#ĹŠ,4!'.2ĹŠ"#ĹŠ+.2ĹŠ! 2.2ĹŠ#23;-ĹŠ ,48ĹŠ 5 -9 ".2Ä“
Wdj[ [b Fhe]hWcW Z[ Fhej[YY_Œd Z[ L‡Yj_cWi o J[ij_]ei" fWhW gk[ j[d]Wd h[i]kWhZe feb_Y_Wb c_[d# jhWi Zkh[ [b fheY[ie b[]Wb$ ;b ikfk[ije Yh_c_dWb feZh‡W W\hedjWh kdW f[dW Z[ ', W (+ W‹ei i_ [i i[dj[dY_WZe feh Wi[# i_dWje o Z[ eY^e W '( i_ be `kp]Wd feh ^ec_Y_Z_e$
7b[`WdZhe I[XWij_|d D$" Z[ dk[# l[ W‹ei" f[hcWd[Y[ _dj[hdWZe [d bW 9b‡d_YW :kh|d" bk[]e Z[ ik\h_h kdW WfWhWjeiW YW‡ZW Z[b Xki Yed fbWYW J7J#&,&" Ykoe YedZkYjeh [iYWfÂŒ Z[b bk]Wh$ ;b WYY_Z[dj[ \k[ [b c_ƒhYeb[i Wdj[# h_eh W bWi ')0*&" Y[hYW Z[b h[Zed# Z[b Z[ BWi <eYWi" [d ?pWcXW$ I[]‘d [b _d\ehc[ feb_Y_Wb" [b c[deh \k[ _d]h[iWZe W bW c[d# Y_edWZW YWiW Z[ iWbkZ ZedZ[ i[ Z[j[hc_dÂŒ gk[ j_[d[ kd jhWkcW Yh|d[e [dY[\|b_Ye" WZ[c|i Z[ kdW \hWYjkhW Z[ Yh|d[e j[cfehe Ă„ fWh_[djWb _pgk_[hZe o kdW eje# hhW]_W _pgk_[hZW$ ;b Y[hj_Ă’YWZe cƒZ_Ye _dZ_YW gk[ ik iWb_ZW Z[ bW YWiW Z[ iWbkZ Z[f[dZ[h| Z[ bW [lebkY_ÂŒd Z[b fWY_[dj[$ ;djh[ jWdje [b Xki Z[ ZedZ[ YWoÂŒ [b c[deh f[hcWd[# Y[ h[j[d_Ze [d [b fWj_e l[^_YkbWh
7][dj[i Z[ bW Feb_Y‡W @kZ_Y_Wb F@ " _dYWkjWhed '' j[bƒ\edei Y[bkbWh[i Z[ ZkZeiW fheY[Z[dY_W gk[ i[ Yec[hY_W# b_pWXWd [d [b C[hYWZe 7hj[iW# dWb" bW cW‹WdW Z[ Wo[h$ 7b cec[dje bei WfWhWjei _d# YWkjWZei [ij|d [d bWi XeZ[]Wi Z[ bW F@" c_[djhWi ZkhWd bWi _dl[ij_]WY_ed[i$ BW Feb_Y‡W DWY_edWb f_Z[ gk[ bW Yeb[Yj_l_ZWZ de Yecfh[ Whj‡# Ykbei gk[ de i[fWd Z[ ZedZ[ fhel_[d[d$
Z[ ?pWcXW$ Bei fWZh[i Z[b d_‹e [if[hWd gk[ [lebkY_ed[ \WlehWXb[c[dj[ o de ikh`Wd Yecfb_YWY_ed[i [d [b fheY[ie Z[ h[Ykf[hWY_Œd$
¥ ēŊ +Ŋ(-$ -3#Ŋ2#Ŋ#-Ĺ !4#-31 Ŋ#-Ŋ#+Ŋ;1# Ŋ"#Ŋ. 2#15 !(¢-Ŋ"#Ŋ + Ŋ +~-(! Ŋ 41;-ē
. -Ŋ5(5(#-" Ŋ #-Ŋ! -3¢-Ŋ (-++.
Ĺ—ĹŠ ĹŠĹŠĹŠĹŠLWh_ei cWb[Wdj[i \ehpWhed bWi i[]kh_ZWZ[i fWhW heXWh [b Z[fWhjWc[dje [d F_dbbe Z[ D[bied D$" gk_[d oW YebeYÂŒ bW Z[dkdY_W Wdj[ bW Feb_Y‡W @kZ_Y_Wb$ Bei Z[b_dYk[dj[i be]hWhed bb[lWhi[ kd j[b[l_ieh B9: Z[ )* fkb]WZWi o Zei c_b ZÂŒbWh[i [d `eoWi$ ;ije eYkhh_ÂŒ bW cW‹WdW Z[ Wo[h$
!!("#-3#ĹŠ#-ĹŠ 9 ,
Ĺ—ĹŠĹŠĹŠĹŠ
7b\edie ;hWpe" gk_[d Yed# ZkY‡W [b \kh]Œd Yed fbWYW F?;# -.+" feh bW Wl[d_ZW 9Wij_bbe @|Yec[" \k[ _cfWYjWZe feh bW YWc_ed[jW Yed fbWYW F>G#/++ gk[ cWd[`WXW ;Z]Wh ;if‡d" Wo[h W bWi &.0'+$ I[]‘d [b _d\ehc[ feb_Y_Wb" ;hWpe" _dZ_YŒ gk[ Wb bb[]Wh W bW _dj[hi[YY_Œd Z[ bW YWbb[ 7X[b 8WhedW" YebeYŒ Z_h[YY_edWb[i o eXi[hlŒ gk[ ejhW kd_ZWZ _dj[djŒ h[XWiWhbe Z[ \ehcW _cfhkZ[dj[ fheZkY_ƒdZei[ [b Y^egk[$ ;if‡d c[dY_edŒ gk[ bW ejhW YWc_ed[jW ]_hŒ Wb c_ice j_[cfe gk[ ƒb" Y^eYWdZe" [d# jh[ jWdje W][dj[i Z[ bW Feb_Y‡W DWY_edWb jhWibWZWhed bWi Zei kd_ZWZ[i Wb fWj_e Z[ h[j[dY_Œd fWhW _dl[ij_]WY_ed[i$
āć
ŏāăŏ ŏŏ ŏ ŏĂĀāā
ŏ +. ŏ
8KI9E ;CFB;E GIF=<JFI<J -"8ũ . (-2.-ēũ -%+_2ēćĒĒĐćĒćĊĒ
@E><E@<IFJ 1.$#2.1ũ
154+ 1( ēũ -$ēũćđČČČćĒĊđ !.-.,(23 ũĵũ/1.$#2.1ēũ -$ēũćđČďćĊĊđĉ 1.$#2.1 ũ 154+ 1( ēũ -$ēũ ćĒĎđĊĎĈĒĊũ ĵũ ćĒđĉĈĒĎČČũ 154+ 1( ēũ -$ēũĉđĎĈČĐĉũĵũćđĐđĈďĊĈĊ
:FEK8;FI<J
-%#-(#1 ũ #-ũ +(,#-3.2ēũ -$ēũ ĉđĎĎĊĈĈũ ĵũ ćĒĎđĎĐĒďćũ %1#2 ".ũ"#ũ -%#-(#1~ ũ (.04~,(! ũ #+$ēĖũ ćđČĉĉĎČĒĊ %1#2 " ũ"#ũ -%#-(#1~ ũ (.04~,(! ũ #+$ēĖũ ćđČććđĊĉĉ -%#-(#1 ũ -"4231( +ũ #-ũ 1.!#2.2ũ "#ũ 43., 3(9 !(¢-ēũ -$ēũ ĉđĉČđďĊıũ ćđČĉđđďĊĊ
47(+( 1ũ !.-3 +#ĵ 3#-!(¢-ũ +ũ !+(#-3#ũ -$ĖćđĐĐďďĉČć
-%#-(#1 ũ #-ũ 1*#3(-%ēũ -$ēũ ĉČĈĈďČĊũ ĵũ ćĒđđĉććĉć
%1#2 " ũ "#ũ !.-.,~ ēũ -$ēũ ĉČČĈĎČČũ ĵũ ćĒĎďČČđČĒ
-%#-(#1 ũ#-ũ 1% -(9 !(¢-ũ"#ũ ,/1#2 2ēũ -$ĖũćđĐĊđĐĒĐďē
47(+( 1ũ !.-3 +#ēũ -$ēũ ĉđĉćĉďĎũ ĵũ ćĒĒĉĊđĒćĈũ
-%#-(#1.ũ !.-ũ #7/#1(#-!( ũ #-ũ , -3#ı -(,(#-3.ũ "#ũ !#-31.ũ "#ũ !.,/43.ēũ -$ēũũ ćđĊĉĒĉđďČũ
47(+( 1ũ!.-3 +#ũ -$ĖćĒĒĒČĒćĎĐ ũ 4"(3.1ũ !.-ũ ,/+( ũ #7/#1(#-!( ēũ -$ēũ ĉČĈĐĈĉĎũĵũćĒĉĒĊĐČČČũ -%#-(#1 ũ #-ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũĉĎĉćĉĈćũĵũćĒĉĐĉćĉČĒ -%#-(#1 ũ #-ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ ē ē ēũ -$ēũćĒđĉĉĐĊĈđũĵũćĊĉđČđĐđČ .-3 ".1 ũ !'(++#1ēũ -$ēũćđČćĊĒđđĉ !3 5.ũ2#,#231#ũ"#ũ -%#-(#1~ ũ#-ũ .-ı 3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũ ĉĐĎČĊČćũ ĵũ ćđĊČććďćĐ %1#2 ".ũ "#ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũĉđĉĒČćĈĵćđĐĒđďĒďĉ .-3 ".1 ēũ -$ēũćđĐććđďĐďũ -%#-(#1 ũ #-ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũćĒććđĐĒďĎũ
-%#-(#1.ũ #-ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũĉđĎĊĐĊĒũĵũćđČďćĐđĈďũ -%#-(#1.ũ"#ũ ,/1#2 2ũćĒĉĊĊđĊĎĎ -%#-(#1.ũ #-ũ ,/1#2 2ēũ -$ēũ ĉČĈČĉĊďũ ĵũ ćđĐđĈďđďćũ -%ēũ .,#1!( +ũ8ũ '.$#1ũ/1.$#2(.- +ũ!.-ũ 5#'(!4+.ũćđĊĎďĈďĒČ -%#-(#1.ũ -"4231( +ũ #-ũ 1.!#2.2ũ "#ũ 43., 3(9 !(¢-ēũ -$ēũ ćĊıũ ĉĐČďıćĐČũ ĵũ ćđĊĉĒĉđďČ -%ēũ #-ũ (23#, 2ēũ #+ũ ćđĈćĈĎđĊďĵũ ĉČĈďĈĐĉ -%#-(#1 ũ .,#1!( +ũ !.-ũ #7/#1(#-ı !( ũ #-ũ !. 1 -9 2ēũ -$ēũ ćđČĎćĊďđČũ ĵũ ćđĐČćĐĈćČũ -%#-(#1 ũ .,#1!( +ēũ -$ćđĐđĊĈĊđĒ
-%#-(#1.ũ #-ũ ,/1#2 2ēũ -$ēũ ĉČĈĎĊĒćũ ĵũ ćđćďĈĈćĒć
(,/(#9 ũ"#ũ! 2 2Ĕũ"#/ 13 ,#-3.2Ĕũ.$(!(ı - 2ēũ -$.1,#2ĖũćĒćĊĊĎĈĐďũĵũĉĐĎČďĈĉēũ
#ũ1# +(9 ũ31 ).2ũ"#ũ/(-341 ũ#-ũ! 2 2Ĕũũ #+$ĖũćĒĒćĈĉĊĈć
84" -3#ũ"#ũ.$(!(- ũĵũ 47(+( 1ũ"#ũ#-$#1ı ,#1~ ēũ -$.1,#2ĖũćĒđĉćĉĈĈĉ
-%#-(#1.ũ .,#1!( +ı '.$#1ũ /1.$#2(.- +ēũ -$ēũćđČČĈČđĎć
ũ 2#15(!(.2ũ !4(" -".ũ -( .2ũ -$ēĖũ ĉđČĎďđćũıũćĒĐĉĉĈććď
#ũ1# +(9 ũ31 ).2ũ"#ũ/(-341 ũ#-ũ! 2 2Ĕũũ #+$ĖũćđĎĉćČĈĐĒ
ũ -%#-(#1 ũ #-ũ #23(¢-ũ (- -!(#1 ēũ -$ēũ ćĒĎĐĈČĒđďũĵũĉČĎććĎć
4(" ".ũ"#ũ -!( -.2ēũ -$ēũćĒđđćĎĊČćũ
ũ 4#13 2ũ 43.,;3(! 2ũ !#++ĖũćđČĎĎĐĎđćũıũćĒĊćĒđĉĐĒ
.,4-(! ".1ũ 2.!( +ũ ĵũ #+ !(.- ".1ũ Ì +(!.ũ ĵũ #231.ũ "#ũ #1#,.-( 2ēũ -$ēũ ćđČćĈĐČďĒ
ũ -%#-(#1 ũ .,#1!( +Ėũ -$ēũũĉđćĎČĎĈ ũ -%#-(#1.ũ#-ũ"(2# .ũ -"4231( +ēũ(-$.1,#2ũ ĉČĈĉĈĈđĵćđĐćĉĎćĎĒ -%#-(#1 ũ #-ũ $(- -9 2ēũ ĉđĐČĉćĈĵćđĐđĈďĎĉĉ
(-$.1,#2ũ
-%#-(#1 ũ#-ũ .-3 (+(" "ũ8ũ 4"(3.1~ ēũ -$ēũ ćĒđĎĒĐĈđď -%#-(#1 ũ#-ũ 1% -(9 !(¢-ũ"#ũ ,/1#2 2ēũ -$ēũĉČČĎĊĎĎ ũ -%#-(#1 ũ#-ũ ",(-(231 !(¢-ũ"#ũ ,/1#ı 2 2ēũ -$ēũćđĐĈđĈČĐĒ -%#-(#1 ũ#-ũ +(,#-3.2ēũ -$ēũćđćĐĎĎĉĎČ ũ ēũ ēũ ēũ ćđČĎĈĊĐćĉũĵũĉđĉĐČČĉ
-%#-(#1 ũ"#ũ ,/1#2 2ēũ .-3 ".1 ēũ -$ēũ ĉČĎććČĐũĵũćĒĐĒČććĉđũ
-%#-(#1.ũ !.,#1!( +ēũ ĉČĎĉĒĎćũ ĵũ ćĒĎĒđĉĒĒĒ
%1#2 " ũ "#ũ ",(-(231 !(¢-ēũ .-3 ".ı 1 ēũ -$ēũĉČĈĎďĒďũĵũćĒĒĐĐĎđĐď
ũ -%#-(#1.ũ"#ũ ,/1#2 2ēũ -$ēũĉČČĉĉĐďũĵũ ćđĊĉĒĒĐĉĐ
#!1#3 1( ũ #!#/!(.-(23 ēũ 47(+( 1ũ !.-ı 3 +#ēũ -$ēũćđČĎďďĈĒďũ
.-3 ".1 ēũ ćĒđĎĒďćĒď
-%#-(#1.ũ #-ũ (23#, 2Ĕũ #+#!31¢-(! ũ #ũ (-"4231( +ēũ -$ēũćĊĉĉĐďĈĉĈũIJũćĒđĈĉĊĊĉĈ
%1#2 " ũ "#ũ #1#!'.ũ !.-ũ #7/#1(#-!( ũ #-ũ!.-3 (+(" "ēũ -$ēũćđĐıĉĒĐĉĐĊũĵũćĒďı ĊĒĈĈĒć 234"( -3#ũ #ũ #1#!'.ēũ -$ēũćĒĒćĎĊĊđĐ %1#2 ".ũ "#ũ 41(2/14"#-!( ēũ -$ēũ ćđĐďĒĎďČĊũ
GJ@:FCF>FJ 2(!¢+.%.ēũ -$ēũćđĐďĒĎďČĊ .2#.ũ#234"(.2ũĸĒũ2#,#231#2Ĺũ#-ũ 2(!.+.ı %~ ũ +~-(! ēũ -$ēũćđĐďĒĎďČĊũ 2(!¢+.% ũ +~-(! ēũ -$ēũ ĉČĐďĈĎĎũ ĵũ ćĒĈďĈĈĎćĎũ
/ !(3 ".1ũ #-ũ ",(-(231 !(¢-ũ Ì +(! ēũ -$ēũćĒČĎĊćČćđ
<:FEFD@JK8J !.-.,(23 ēũ -$ēũćđČČĒĊĒćĈũĵũĉĎĉĈđČć
%1#2 ".ũ "#ũ -%#-(#1~ ũ +#!31¢-(! ũ #-ũ .,4-(! !(.-#2ēũ -$ēũ ĉđĉĎďĐĈũ ĵũ ćđČĐđĎćĐĎũ
%1#2 " ũ #-ũ -! ũ 8ũ (- -9 2ēũ -$ēũ ćĒĉĎĐććĈČ
-%#-(#1 ũ .,#1!( +ēũ -$ēũ ĉđČďćĉČũ ĵũ ćĒďđćĉĐďĈ
,/+# " ũ".,_23(! ũ -$ēũćđĊďČĐĒćĒ
%1#2 ".ũ "#ũ -%#-(#1~ ũ +#!31¢-(! ũ #-ũ .,4-(! !(.-#2ēũ -$ēũ ĉđĉĎďĐĈũ ĵũ ćđČĐđĎćĐĎũ
-%ēũ #!;-(!.ēũ 2/#!( +(9 ".ũ#-ũ ",(-(2ı 31 !(¢-ũ"#ũ 1."4!!(¢-Ĕũēũ + , 1ũ +ũĉČĎĈĈĊČũ ĵũćĒĎđĎĎĐĈĉ -%#-(#1.ũ #-ũ #1! ".3#!-( ēũ -$ēũ #+$ēũ ĉđĎĒĊĒĈũĵũćĒČČćĎđČČũĵũćđĐđĈĐĉđĉ -%#-(#1 ũ"#ũ ,/1#2 2ēũ -$ēũ #+$ēũćđďđĊĈĎĒũ ĵũćĒĈććďďĉď
<DGC<F ;FD<JK@:F
'.$#1ũ !.-ũ (!#-!( ũ #+ēćđďĒđĐďČď
(/.ũ
ũ
-%#-(#1.ũ"#ũ ,/1#2 2ēũ -$ēũćĒđĐĎĉĐćĐ
,/+# " ũ ".,_23(! ēũ #+$ĖćđĒĒćĎĒČĉũ ĵćđĒĒĊĊĊĉČ
-%#-(#1.ũ #-ũ (23#, 2ēũ -$ēũ ĉđĎĊĒĉĊũ ĵũ ćĒđĎďČđČĈ
,/+# " ũ".,_23(! ēũ #+$ĖćĒćĐĐďĈĐČĵć đĒĒćĎĒČĉĵćđĒĒĊĊĊĉČ
ũ 2(!¢+.% ũ -"4231( +ēũũ -$ēũćĒĎČĉĉĈĊĊ
-%#-(#1 ũ #-ũ #23(¢-ũ (- -!(#1 ēũ -$ēũ ĉČĎććĎćũĵũćĒĎĐĈČĒđď
#!1#3 1( ēũ -$ēũćĒĉđćĊĉĈćũ
ũ 2(!¢+.% ũ -"4231( +ēũ -$ēũ ĉČĉĈĊČĈũ ĵũ ćđČďĈĎĊďćũ
-%#-(#1 ũ #-ũ #23(¢-ũ (- -!(#1 ēũ -$ēũ ćđĐđĈďĎĉĉ
(,/(#9 ũ"#ũ! 2 Ĕũ.$(!(- 2ēũ -$ēũćđďĐďďĐĈćũ ĵũĉČĈĎČĎĊũ 11#%+.ũ! 2 2Ĕũ"#/ 13 ,#-3.2ũ4ũ.$(!(- 2Ĕũ 84" ũ8ũ!4(" ".ũ ũ "4+3.2ũ, 8.1#2ēũ -$Ėũ ćĒđĐĎĉđĈď
-3#-(,(#-3.ũ "#ũ /(2!(- 2ēũ -$ēũ ćđĈĐĈĒďĉđ #15(!(.ũ"#ũ .1" ".2ũ ũŌũćĔđćũ+ ũ".!#- ēũ -$ēũćĒđĈďćČĎĊ 4#' !#1#2ũ ".,_23(!.2ēũ -$ēũ ĉČĈďĉĉďũ ĵũ ćđĊĈďĉđćĊũ #!-¢+.%.ũ #-ũ 2(23#, 2ēũ ĉČĉĊđĉĉĐĵćđĊĈĒĎĊĈĒ
-$ēũ
"#ũ
5#-3.2ēũ
-$ēũ
ũ _!-(! ũ 4/#1(.1ũ #-ũ .,/43 !(¢-ũ #ũ (-$.1,;3(! ēũ -$ēũćđćĊĎďĉĎĐ #!1#3 1( ũ )#!43(5 ũ (+(-%Õ#ēũ -$ēũ ćđĒĐđĈćđć 47(+( 1ũ "#ũ .$(!(- ũ ĵũ ,#-2 )#1.ēũ -$ēũ ćđĐĎĎĉĊďĈ .-2#)#1~ ũ ~ +(! ũ #1 /_43(! ũ #+$ēĖũ ĉđĉĈĊĐĊũıũćĒđĎČďĎđĐ .,4-(! !(¢-ũ .!( +ēũ -$ēũĉđĉďĒĉĉ #1 /( ũ ~2(! ēũ -$ēũĉČĈĐĐĉĒ 234"( -3#ũ"#ũ"(2# .ēũ -$ēũćđČďđĉĉćĉ .,4-(! !(¢-ũ .!( +ēũ 1."4!!(¢-ũ 1 "( +Ĕũ ,42(! +Ĕũ+.!4!(¢-Ĕũ2.-("(23 ēũ -$ēũĉČĉĊĎĊĒũ ĵũćĒĒćĒđĎĊĈē
(!ēũ .,4-(! !(¢-ũ .!( +ēũ -$ēũĉČĈĉćĒĊ .,4-(! ".1 ũ .!( +ēũ -$ēũ ćđĊććĎĒČĊũ ĵũĉđĉďĒĉĉ ũ #!;-(!.ũ(-"4231( +ēũ -$ēũćĒĎćĒĊĉćĉũ _!-(!.ũ#-ũ(-$.1,;3(! ēũ -$ēũćĒđđďĒĈćĊ
#-"#".1ēũ -$ēũćđĐĎČćĈďČ
ũ #!1#3 1( ũ (+(-%Õ#ēũ -$ēũĉđĎĉĊďć
)#1 ũ ĵũ 5#-"#".1 ũ ĵũ 1#!#/!(.-(2ı 3 ēũ ũ ,#"(.ũ 3(#,/.ēũ -$ēũ ĉđĎĎćĈćũ ĵũ ćĒĉČĊĒĉďĎũ
(!#-!( " ũ #-ũ 1 ).ũ .!( +ēũ -$ēũ ćĒĎďĐĎĈĉĉ
ũ (!#-!( " ũ#-ũ .,4-(! !(¢-ũ .!( +ēũ -$ēũ ćĒĎćĉĒĒďđ
#-"#".1 ēũ -$ēũćĒĉđćĊĉĈćũ
ũ !'(++#1ũ _!-(!.ēũ +#!31(!(" "ũ -"4231( +ēũ
'.$#1ũ/1.$#2(.- +Ėũ -$.1,#2ĖũĉČĉĐĎĊđ
)#1.Ĕũ /#1!'#1.Ĕũ "(%(3 ".1Ĕũ 3#!-¢ı +.%.ũ #-ũ !.,/43 !(¢-ēũ -$ēũ ĉČĈđćĉďũ ĵũ ćđĊćĎđĊćĒ
2(23#-3#ũ"#ũ.$(!(- ũ #+$ĖũćđČıĉĉĉıĉćĎ
'.$#1ũ/1.$#2(.- +ũĵũ #%41(" "ũ -"4231( +Ėũ -$ēĖũćĊĉđĎĈđďđıćĒĉĎĒćĈđđ
(!#-!( " ũ#-ũ 41(2,.ũ (23¢1(!.ũ 4+34ı 1 +ēũ -$ēũćĒćĊĈĒĐČć
'.$#1ũ /1.$#2(.- +ēũ ćĒĎĎćďďĐđ
.3.1(9 ".ũ !.,.ũ ,#-2 )#1.ũ 8ũ / /#+#2ũ +ũ "~ ũ ,.3.ũ /1./( ēũ ćĒĉĒđČĐĈćēũ (;-ũ %4(11#
'.$#1ũ/1.$#2(.- +ēũ(/.ũ ũũ!.-ũ! ,(¢-ũ"#ũ Ďũ3.-#+ " 2ē -$ĖũćĒĐĈĊĉďĈČ '.$#1ũ /1.$#2(.- +ēũ (/.ũ ũ -$.1,#2Ėũ ĉČĉĉĒĐćĵćđĐĊČĉĈĐď
ĉđĎďČćĒũ
ĵũ
ũ '.$#1ũ /1.$#2(.- +Ĕũ ũ !.-ũ ! ,(¢-ũ
,/+# " ũ".,_23(! ēũ -$ēũćĒđđĒČďćĐ
.2.ũ#-ũ.5#1+.!*Ĕũ1#!3 Ĕũ1#!4 1(".1 ũũ#-ũ ! 2 ēũ -$ēĖũćđđĈĊČĈĈď
..1"(- ".1 ũ ćĊĉĉĐČćđĈĐ
%#-3#ũ!423."(.ĵũ#2!.+3 ũ"#ũ2#%41(" "ēũ -$ēũćđđĈďćďĈĒ
'.$#1ũ /.1, -ũ -$ēĖũćĊĉũđČćĉćĊ
"#1ũ #ũ '() ũ "#2# -ũ 31 ) 1ũ /4#1ı 3 2ũ "#-31.ũ .ũ $4#1 ũ -$ēĖũ ćđĊĈďĉđćĊũ ıũ ĉČĈĉĉď
,/+# " ũ".,_23(! ēũ -$ēũćĒćĈĊćĊćĒ
M8I@FJ
ũ .,4-(! ".1 ũ .!( +ēũ -$ēũĉđĉĈĊĒĊ
_!-(!.ũ #-ũ (23#, 2ēũ -$ēũ ćđĐćĎĊďĊćũ ĵũ ĉđĉĈďđČ
'.$#1ũ /1.$#2(.- +ēũ -$ēĖũ ćđĉćČđĐĊĉũũ ĸćĊĹĉČĈĊČĉĊũ
4(" ".ũ "#ũ -( .2ũ 8ũ /#12.- 2ũ , 8.1#2ũ -$ēĖũćđĊĈďĉđćĊ
#231.ũ #+#!31.,#!;-(!.ēũ .+" "41 ũ "#ũ 34 #1~ 2ũ ũ /1#2(¢-ēũ -$ēũ ũ ćĒĊćĎĊĈĒĉũ ĵũ ćđĈđĒĉĒĉďũ
#-2 )#1.ēũ -$ēũĉĐďĉĊđĉ
4 1"( ũ"#ũ #%41(" "ēũ -$ēũćĒđĉĉćđďČ
4(" ".ũ "#ũ /#12.- 2ũ -!( - 2ũ -$ēĖũ ĉČĈďĉĉďũıũćđČũĊĊĈďĐĉ
234"( -3#ũ ćĒđććĒĈĎď
-%#-(#1.ũ .,#1!( +ēũ -$ēũ ĉČĎĉĒĎćũ ĵũ ćĒĎĒđĊćć
'.$#1ũ /1.$#2(.- +Ĕũ ! 3#%.1~ ũ ēũ -$ēũ ćđĐĊČĐČĎĉ
'.$#1ũ /1.$#2(.- +ēũ -$ēũ ćĊĉũ ČĈĉĊćđũ ĵũ ćđČĈČđđđĊ
-%#-(#1.ũ #-ũ +(,#-3.2ēũ -$.1,#2Ėũ ćĒđĈĐĊđĐĉ
2(!¢+.% ũ -"4231( +ēũ -$ēũ ĉČĈĈČďćũ ĵũ ćđČĈĐĈďĒĐ
'.$#1ũ /.13, -ũ 3(/.ũ ġ ĢĖũ (-$ēũ ćđĈĐĈĒďĉđũ
# .1 ũ "#2# ũ 31 ) 1ũ /4#13 2ũ "#-31.ũ ++ , 1ũ +ũćđĊĈďĉđćĊũ.ũ +ũćĊĉČĈďĉĉď
2(!¢+.%.ũ -"4231( +ēũ -$.1,#2Ėũ ĉđČďĈđČũ ĵũćĒĉĐđĊĉĎČ -$ēũ
:?F=<I<J
'.$#1ũ /1.$#2(.- +Ĕũ +(!#-!( ũ 3(/.ũ ġ Ģēũ #-%.ũ ! ,(¢-ēũ 3#+_$.-.Ėũ ćĒĒĉćĊĐĎđũ ıũ ĉĎĉĉđĊđ
2(!¢+.%.ũ -"4231( +ēũ -$ēũćđĐČČďĎĒĊũ
2(!.+.%~ ēũ
4(" ".ũ ũ/#12.- 2ũ"#ũ+ ũ3#1!#1 ũ#" "ũ -$ēĖũćĒĎĊććďČĊũıũĉČĈďĈĎĈ
4(" ".ũ ũ /#12.- 2ũ "#ũ + ũ Ċ1 ũ " "ũ ĉČĈďĈĎĈũıũćĒĎĊććďČĊ
ũ -%#-(#1.ũ #-ũ (23#, 2ēũ -$.1,#2Ėũ ĉČĎĉĐĎĎũĵũćđĐČĒĊĉČĉ
"#ũ
ũ #!#2(3.ũ !.2#1ũ . 1 2ũ ũ + ũ ! 2 ũ ++ , 1ũ ćĒĈĒĉćĈĉć
'.$#1ũ/1.$#2(.- +Ĕũ+(!#-!( ũ3(/.ũ ũ8ũ ũ -$ēĖũ ćđćĐďćĒČČũıũćđćĐďćĒČČũ
47(+( 1ũ ",(-(231 3(5 Ĕũ 5#-3 2Ĕũ 3#-ı !(¢-ũ +ũ !+(#-3#ēũ -$ēũ ćđČĐČČĐćČũ ĵũ ćđĊĈđĐđČĊũ
234"( -3#ũ "#ũ 41(2/14"#-!( Ĕũ 2_/3(,.ũ 2#,#231#ēũ -$ēũćđćĐČďĒďĈ
ũ #-ũ +4,(-(.ũ 8ũ 5("1(.ēũ -$ēũ ĉđĉĊďĈĈũ ĵũ ćĒđĈĊĒĎĉĒ
#!1#3 1( ũ )#!43(5 ēũ -$ēũ đĊĉČĊĊđČũ
%1#2 " ũ (#-!( 2ũ ",(-(231 3(5 2ēũ -$ēũ ćđĊĉďČćĉć
+#!31(!(23 ēũ -$ēũćĒĉĎđćĊćĒũ
,/+# " ũ".,_23(! ũćĒđđĒČďćĐ
'.$#1ũ /1.$#2(.- +Ĕũ +(!#-!( ũ 3(/.ũ ēũ -$ēũ ćĒĉČćĉĎĈĎ
#!1#3 1( ēũ -$ēũćĒĎćĉđĐĉĊ
13#2 -.ũ! +($(! ".ũ#-ũ +4,(-(.ũ8ũ5("1(.ēũ 1(! ,.2ũ /4#13 2Ĕũ 5#-3 - 2Ĕũ 5(31(- 2Ĕũ #3!ēũ #15(!(.ũ "#ũ , -3#-(,(#-3.ēũ -$ēũ ćĒĐĎČĈđĐĎ
!'.$#1ũ /1.$#2(.- +ũ ĵũ 1# +(9.ũ 5( )#2ũ !.-ũ 5#'~!4+.ũ/1./(.ēũ -$ēũćđĊĈĈĐćĊĉ
%1#2 ".ũ"#ũ ",(-(231 !(¢-ũ"#ũ ,/1#ı 2 2ēũ -$ēũćĒČđĎđĈĎĎēũ
",(-(231 ".1 ũ ũ "#ũ ,/1#2 2ēũ -$ēũ ĉČĉĊđĉĉĐĵćđĊĈĒĎĊĈĒ
#!-¢+.%.ũ (5(+ũ 8ũ ( +ēũ -$Ėũ ĉČĉĉĒĐćĵũ ćđĐĊČĉĈĐď
(,/(#9 ũ "#ũ ! 2 Ĕũ .$(!(- 2ēũ -$ēũ ćđďĐďďĐĈćũĵũĉČĈĎČĎĊũ
'.$#1ũ /1.$#2(.- +Ĕũ +(!#-!( ũ 3(/.ũ ēũ -$ēćĒĒĎĉĈđĒĐıćĒĒĎĉĈđĒĐēũũ
8;D@E@JKI8K@MFJ
-%#-(#1 ũ#-ũ ,/1#2 2ēũ -$ēũćđĐĒđĉĐĊĐũ
89F>8;FJ
4(" ".ũ "#ũ -( .2Ĕũ "4+3.2ũ , 8.1#2Ĕũ #-$#1,.2ũ #+$ēũćđĐĊĒđđĊČ
-%#-(#1.ũ (5(+ēũ -$ēũćĒĉĐćĒĐďĈ
.-3 ".1 ēũ -$ēũĉČĉĎĒďćũĵũćĒĎČćĊĈĎđ
ĵũ
4(" ".ũ "#ũ -!( -.2ũ 8ũ -( .2ēũ -$ēũ ĉČĉĊĎćĊũ
'.$#1ũ /1.$#2(.- +Ĕũ +(!#-!( ũ 3(/.ũ ēũ -$ēũ ćđćĐďćĒČČıćđćĐďćĒČČ
%1#2 ".ũ"#ũ -%#-(#1~ ũ#-ũ +(,#-3.2ēũ -$ēũ ćĒđĊćđĒĈďũ
ĉČĉďđĊđũ
(,/(#9 ũ "#ũ .$(!(- 2ũ 8ũ ,#-2 )#1 ēũ -$ēũ ćĒĒćĉĉđĈĊũ
-%#-(#1.ũ #-ũ #23(¢-ũ (- -!(#1 ēũ -$ēũ ćđČČĈČĉćĈũĵũćĒĐĊćĈĊĈć
%1#2 " ũ "#ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũĉČĈĈĐĉĈũĵũćĒĎĉĎććĎć
-$ēũ
4(" ".ũ"#ũ -!( -.2ēũ -$ēũćĒĉĐćĎĒČď
ćđĒćĎĎđćČ
'.$#1ũ /1.$#2(.- +Ĕũ ! 3#%.1~ ũ ēũ -$ēũ ćĒđćĐćĉČČũ '.$#1ũ/1.$#2(.- +ũ3(/.ũġ Ģũ/ 1 ũ3 7(2ũ8ũ ! ,(.-#2ũ"#ũĎũ3.-#+ " 2ēũ -$ĖũĉČććđĎĎũ ıũćĒĎĐĒĒĈČĊũũũũũũ
1."4!!(¢-ũ 4"(.5(24 +ũ -$ēĖũ ĉČĉćĈĎČũ ıũ ćĒĎĎČďĉĒĐ
-$ēũĉĐĎĎććć
!'(++#1ũ #-ũ ćĒĉĎĈĊĉĊĒũ
(-$.1, 3(! ēũ
-$ēũ
,/+# ".ũ -! 1(.ũ!4 +04(#1ũ;1# ėũ!'.ı $#1ũ /1.$#2(.- +ũ #+$ēũ ćĒĎĒďĎČĊĐũ 8ũ ćĊũ ĉČĈćČČĉ #!#/!(.-(23 ēũ -$ēũ ćĒĒČćĊČĐĒũ ĵũ ćđĉďĎďĉČćũ
84" -3#ũ 1/(-3#1.ũ -$ēĖũĉČďćČĈĊ
#!-¢+.%.ũ#-ũ -;+(2(2ũ"#ũ (23#, 2ēũ -$ēũ ĉČĎĉĒĎČũĵũćđĊćĈĎďĈĉũ
13#2 -.ũ ! +($(! ".Ĕũ $ 1(! ũ 5 1(#" "ũ "#ũ ,4# +#2ēũ!#+ēĖũćĒĐĈĈČĐĈćď99
%1#2 " ũ"#ũ 41(2,.ũ!.-ũ,#-!(¢-ũ#!.ı +¢%(! ēũ -$ēũćđČĐĈĊďďĈũ
41%.-#3 ũĈĐũ/ 2 )#1.2ũ -$ēĖćĒĉđĎćĈĈđ
(2# ".1ũ/4 +(!(3 1(.ēũ -$ēũćđČĎđČďĒđũũ
4~ ũ341~23(! Ĕũ/1.$#2.1 ũ"#ũ (+.2.$~ ēũ -$ēũ ćĒćĊĈĒĐČćũ
(!#-!( ".ũ #-ũ "4! !(¢-ũ , (#-ı 3 +ũ 8ũ !.341(2,.ēũ -$ēũ ćĒđđĎđđĊćũ ĵũ ĉđČĉĊĈćũ
!'(++#1ũ 4~,(!.ũ (¢+.%.ēũ -$.1,#2ũ ćđĐĒĎĒćĉČĵćđĐĈĎďĒĎĒ 1#-2(23 Ĕũ#7/#1(#-!( ũ#-ũ(,/1#-3 2ēũ -$ēũ ćĒĒĒďČđĈďũĵũĉđĉĉďĐĒũ
(-3.1ũ /1.$#2(.- +ũ "#ũ ! 2 2ũ /(-341 ũ "#!.1 3(5! ũ #-ũ %#-#1 +ũ % 1 -3(9 ".ēũ ćĒĒćĈĉĊĈć
ĵũ
(!#-!( ".ũ #-ũ "4! !(¢-ũ , (#-ı 3 +ũ 8ũ !.341(2,.ēũ -$ēũ ĉđČĉĊĈćũ ĵũ ćĒđđĎđđĊć
ũ 11#%+.ũ "#ũ !.,/43 ".1 2ēũ -$ēũ ćĒĎđćČČđď
42!.ũ#,/+#.ũ!.-.!(,(#-3.2ũ"#ũ(-%+_2Ĕũ !.,/43 !(¢-ĔũćĒĎČďĎĊĉĐ
ũ #-2 )#1.ũ .3.1(23 ēũ -$ēũĉČĈĒĉĊĐ
#!1#3 1( ēũ -$ēũĉđĎĎćĈćũĵũćĒĉČĊĒĉďĎ
'.$#1ũ3(/.ũ ũćđĈĉĎĒČĒĐ
ũ #!#/!(.-(23 ũĵũ 2(23#-3#ũ .-3 +#ēũ -$ēũ ćđĐĊđďĈĉĐ
%1#2 ".ũ"#ũ 1% -(9 !(¢-ũ"#ũ ,/1#2 2ēũ -$ēũćđĐĉĐďĈĐćũĵũĉĎĉĈćĐĒ
'.$#1ũ 1.$#2(.- +Ĕũ +(!#-!( ũ 3(/.ũ ēũ -$ēĖũ ćđđĈĊČĈĈď
4/#15(2.1ũ"#ũ ."#% ēũ -$ēĖũćĒĉũĒĎũĎđũćĉũ IJũĉũČĉũČČũĉĎũũũ
ũ ũ .-3 !.ĖũćĒĎĎďđĎĐĒ
'.$#1ũ2/.13, -ēũ -$ēũćđĐďďĉĊĊĊũũũũũ '.$#1ũ /1.$#2(.- +ũ !.-ũ +(!#-!( ũ 3(/.ũ ġ Ģũ + , 1ũ +ũ 3#+$ēĖũ ćĒĒĎĉĈđĒĐũ ĵũ ćĒĒĎĉĈđĒĐ '.$#1ũ /1.$#2(.- +ũ ćĒĒćĈĉĊĈć
42! ũ 31 ).ũ
:FEJKIL::@FE
-$#1,#1 ēũ ćđČĎČĐČĈĒ
-$ēũ
ćĒĐĎďĉĎĒćũ
/-,-/
ũ ũ +#!31(! 2ũ ! , 1 2ũ"#ũ5(%(+ -!( ũ #+ēĖũćđČĎĎĐĎđć
ũ
3 ,#-3.ũ ,. + ".ũ #+$ēĖũ ĉČČĎĉďČũ ıũ ćĒĎĐĎĉĒĐďũĸ 8.ũĈĎŇĒđĊĈĎĹ
ũ ũ /1./(#" "ũ ,#).1ũ 2#!ı 3.1ũ 3 3#ũ ĊĊćēćććũ -#%.!( +#2ũ ďũ !4 "1 2ũ "#ũ 3#11#-.ũ -$ēĖũ ćĒđĒćĒĊĉĉũ ıũćĒďĉĐČĊČď
#-".ũ ;, 1 2ũ (*.-ũ IJũ Ēćũ +#-3#ũ
#-".ũ ! 2 ũ #-ũ #!'.ũ 1./(.ũ ĈČĎũ ,ũ
(1 2.+ũ' (3 !(.-#2ũ ,. + " 2ũ!#1! ũ
"#ũ!.-2314!!(¢-ũ8ũĉđĐũ,ũ"#ũ3#11#-.Ĕũĉũ /+ -3 2ũ5 +.1ũŌũČĐēćććũ-#%.!( +#2ũ #+ēĖũ ćĒĐĈČĐĈćďũıũćĒĎĒČćđĎđ
-3 ũ .2 ũ ĊēĉĒćũ ,ĉũ ũ Ōũ ĊĉēćććĔũ
(-++.ũĈĉďũ,ĉũ ũŌĈČēĒććũũ 2 ũ #-31.Ĕũ 424*(ũ đĒũ ŌČēĎććēũ -$ēĖũ ćĊĉČćĈĐĊČı ćĒĉĐĈĎĈĒĒĸ 8.ũĈĎŇĒđĊĒČĹ
-ũ 4 !'(Ėũ 5#-".ũ Đēćććũ ,ĉēũ + -.2Ėũ
/ 1 ũ/+ -#2ũ"#ũũ5(5(#-" ēũ #-".ũ"#/ 1ı
IJũ ĈđıĈćĎı ďćıũ #-3#ũ ĈđēĉĐćũ ũ Ċćććũ
#-3#ũ ĈđıĐćũ IJũ + 2'ũ IJũ ũ IJũ ĉđēũ #+$ēĖũ ćđĐĈĈđćđĒũĸ 8.ũĈĊŇĒđĉđĎĹ "#ũ $ !4+3 "#2ũ ,#"(!(- Ĕũ .+(3_!-(! Ĕũ 3¢+(! Ĕũ +#2( - Ĕũ -"(- ũĉĎČČĉďđũĵũ ćĒĒĊďĈďĎćũũ"#2"#ũŌĈĈćēũũũũũũ ĵđĉđĊđĵ !!
ũ ēũ #/ 13 ,#-3.ũ#-ũ 4(3.Ĕũ #-ũ+ ũďũ"#ũ"(!(#, 1#ũ8ũ ~.ũ .! Ĕũ .11#2ũ "#ũ -ũ 2("1.ēũ #+$ēũćĒĒćĉďĒĒĉē 11(#-".ũ"#/ 13 ,#-3.ũ "#ũ Čũ ".1,(3.ı 1(.2ũıũ% 1 %#ıũ3#+_$.-.ēũ -ũ+ ũ!(4" "#+ ũ +ũ #!1#.ũ ++#ũ .1 9¢-ũ ũ Ŗũ đĊũ -$ēĖũ ĉđČĒďĈćĸ 8.ũĈďŇĒđČĊĈĹ 11(#-".ũ "#/ 13 ,#-3.ũ /#04# .ũ #-ũ -ũ -3.-(.ũ3#+_$.-.ĖũĉČĈĎıĒĒĎũũũĸ 8.ũ ĈĎŇĒđČćđĹ
#ũ5#-"#ũ! 2 ũ"#ũ./.134-(" "ũ % ++ ı -#2ũćĊıČČũ8ũ+ ũ (-3 ũ (4" "#+ ũ (!#-3(ı - ũ -$ēĖũ ĉđĉĒĈđćũ ıũ ćĒđĎČćĈĉČũ ĸ 8.ũ ĈĐŇĒđČďĐĹ
#ũ 11(#-" ũ ũ Čũ !4 13.2Ĕũ !.!(- ũ 8ũ .ũ 04#ũ !.-$.1, ũ 4-ũ "#/ 13 ,#-3.ũ 5ēũ 3 '4 +/ ũ Œũ ĉđđũ 8ũ +(!4!'(, ũũ -$ēĖũ ĉČĈĉĎĒđũ IJũ ćĒđČĐćĈĒĐũ ĸ 8.ũ ĈĐŇĒđČĎĊĹ
ũ
ēũ #!#2(3 ũ).5#-ũ.ũ2# .ı
1(3 ũ !'(++#1Ĕũ 31 ).ũ $;!(+ũ /1#2#-3 +#ē .+~5 1ũČıĉĎũ8ũ -(" "ũ !(.- +ēũĸ 8.ũ ĈĎŇĒđČćđĹ
ũ + -3 , 3.ũ ē ēũ -#!#2(3 ũ!.-31 3 1ũ ! )#1 Ĕũĉũ .2ũ"#ũ#7/#1(#-!( ũ#-ũ#,/1#ı 2 2ũ "#ũ 5#-3 ũ "#ũ ++ -3 2Ĕũ 5#'~!4+.2ũ .ũ 1#/4#23.2ũ 43.,.31(!#2ēũ 234"(.2ũ24/#ı 1(.1#2ēũ -$ēĖ "#,.1 ľ++ -3 , 3.ē!.,Ĕũ !1.2#1.ľ++ -3 , 3.ē!., #!#2(3.ũ3_!-(!.2ũ"#ũ ., ũ(-8#!!(¢-ũ "(#2#+ēũ ũ + , 1ũ ćđČČĊđĎćĈũ ĸ 8.ũ ĈĎŇĒđĊĊďĹ
.+(!(3.ũ31 ).ũ!.-2#1-(#-3#ũ#-ũ '.ı 3.2'./ũ 8ũ $.3.%1 $~ ũ !.,4-(! 12#ũ ũ +.2ũ 3#+_$.-.2ũćđĐĈđđČČĉũIJũćĊĉĎĉĉČćĐ
āăŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏŏ
#!#2(3.ũ 31 ).ũ .ũ #,/+#.Ĕũ 2.8ũ !'.ı $#1ũ /1.$#2(.- +ũ !.-ũ +(!#-!( ũ 3(/.ũ ġ Ģũ !.,4-(! 12#ũ +ũ #+ēĖũ ćđćĐďćĒČČũ IJũćđćĐďćĒČČ
ũũ
ũ
āĈ
13#2 -.ũ ! +($(! ".ũ $ 1(! ,.2ũ /4#1ı 3 2Ĕũ!+.2#32Ĕũ,4# +#2ũ"#ũ!.!(- ũ8ũ1#/ 1.ũ 3.".ũ3(/.ũ"#ũ,4# +#2ũ #+$ēĖũćĒĐĈČĐĈćď #ũ "(!3 ũ !+ 2#2ũ "#ũ '.3.2'./ũ #+ēũ ćĒĒđĈĒĈĎĉũIJũćĊĉĎĉĉČćĐ
/-,.-
$55,(1'2 )LFRD
$PSOLR VHJXQGR SLVR LGHDO SDUD 63$ R¿ FLQDV LQVWLWXFLyQ HWF $Y *XD\WDPERV IUHQWH &ROHJLR 6DQWR 'RPLQJR GH *X]PiQ
³ &2%5$1=$6 (&8$'25´
+, 6769;<50+(+
5HFXSHUDPRV FDUWHUD YHQFLGD /HWUDV GH &DPELR &KHTXHV \ 3DJDUpV 8G QR SDJD ORV JDVWRV 4XLWR \ &HYDOORV GR 3LVR 7HOI &HO
:, =,5+, <5 ;,99,56
(Q +XDFKL *UDQGH EDUULR 6DQWD 7HUHVLWD FRQ XQD H[WHQVLyQ GH P FRQ KXHUWR IUXWDO IUHQWH D OD SLVWD GH .DUWLQJ 7HOI GtD QRFKH
/.(,/
$55,(1'2
5(38(6726 $8720275,&(6 &DVD 6XVSHQVLyQ
/.',+
2À FLQDV FRQ EDxR SULYDGR ,QIRUPHV -R\HUtD 7LIIDQ\ 0HUD \ 6XFUH )RQR
2IUHFHPRV WRGR HQ 6XVSHQVLyQ SDUD VX YHKtFXOR $PRUWLJXDGRUHV (VSLUDOHV 5RWXODV 7HUPLQDOHV (1 /$6 0(-25(6 0$5&$6 -XDQ 0DUFHOR 3URDxR *(5(17( &HO
$Y (O 5H\ \ 4XLVSLFDFKD GLDJRQDO D OD SOD]D GH FDUUL]RV -XOLR -DUDPLOOR \ ORV &KDVTXLV 6XFXUVDO
7HOI $PEDWR /.(,+
/.(.-
&RQVXOWRULR *LQHFR ± 2EVWpWULFR 3LHGDG 6iQFKH] 0LUDQGD 2%67(75,=
2325781,'$'
&21752/ < $7(1&,21 '( 3$5726 (1)(50('$'(6 '( /$ 08-(5 3/$1,),&$&,21 )$0,/,$5 (67(5,/,'$' &21<8*$/ (/(&752 &$87(5,=$&,21(6 '20,&,/,2 /DV 3LxDV \ /RV *XD\WDPERV )LFRD 7HOI &HO
/.*).
9(1'(026 3523,('$' 9;DJH7B &21 /2&$/(6 9EC;H9?7B;I < 2),&,1$6 ,1)
&2168/725,2 )LFRD $Y 5RGULJR 3DFKDQR &DSXOtHV \ 0RQWDOYR 7HOI
/.)-&
&(1752 1$785,67$ /8= < 9,'$
/.'/+
$60$ ',$%(7(6 $575,7,6 267(232526,6 *$675,7,6 $57526,6 (7&
&,58*,$ %$5,$75,&$ /$3$526&23,&$ 2%(6,'$'
2)5(&(026 &RUWHV 7LQWHV 2QGXODGRV
3HLQDGRV &HSLOODGRV 'HSLODFLRQHV 0DQLFXUH 0DTXLOODMH 3HGLFXUH
'LUHFFLyQ GH 1RYLHPEUH \ 0DOGRQDGR MXQWR DO +RWHO 6DQ ,JQDFLR 7HOI
$IRECCIØN !V #EVALLOS Y #ASTILLO 4ELF /.*,) !MBATO n %CUADOR
&,58*,$ /$3$526&23,&$ (1)(50('$'(6 '(
³3RU $SHUWXUD \ 0HV GH OD 0DGUH SUHFLRV FyPRGRV SDUD VX EROVLOOR´ (VWLOLVWD 3URIHVLRQDO -HQQ\ &RFD
(/-%/0!4! 9 .!452)34! n4%2!0)! .%52!, %NFERMEDADES #RØNICAS COMO
'U /XtV &HGHxR
'5 &$5/26 5 52'5Ì*8(= /2=$'$
.02)-!1 %01)!-!1 .0)7.-2!+%1 6 %02)#!+%1 +&.,"0!1 )1. +.2!-2% "0!1 $% 02%
',5(&&,21 7RPiV 6HYLOOD \ &ROyQ 7HOI ([W
)+1.- 3%4!0! !00!
3DFLHQWHV HQ WUDWDPLHQWR OR FHUWLILFDQ
/-,/+
/-*/+
'UD 6LOYLD 7 9DOHQFLD ( 'U 6D~O $ 9DOHQFLD (
.-78+%7 380%7 6 %$0. !0". %+& ,!)+ #.02)+3*. 5('/ (.2,!)+ #.,
.,)#)+). %+
$PEDWR /DWDFXQJD 3X\R 3HOLOHR 7HOI
3,62 )/27$17(
,.$ .$5$7( ,17(51$7,21$/ .$5$7( $662&,$7,21
$/(0$1
'2
'()(16$ 3(5621$/ 5($/ &85626 3(50$1(17(6 '( '()(16$ 3(5621$/ 32/,&,$/ (&&,21 .$5$7( 75$',&,21$/ +25$5,26 $ (/ 6 .$5$7( 3$5$ (-(&87,926 '$0$6 &$%$//(526 < 1,f2 -8 -8768 < $,.,'2 3(6$6 '(6$552//2 086&8/$5
/-,,+
'LU 0DOGRQDGR \ %ROtYDU WR 3LVR /.'-) 7HOI ±
0$;)/2$7,1* )/225 (852)/25,1
'(6'( ,167$/$'2 ,1&/8<( %$55('(5$6 32/<63$1'(5 $,6/$17( 0$12 '( 2%5$ ,1&/8<( ,9$
2)(57$ '( &$/()21(6 /WV /WV /WV ,9$ ,1&/8,'2 672&. '( 5(38(6726 3(50$1(17(
$Y /DV $PpULFDV \ &RORPELD 7HOI &HO 0RYL &ODUR
āĉ
5(672%$5
< 325 /$ 12&+( /$6 0(-25(6 ),(67$6 < 6+2:6 (1 9,92
ŏ āăŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
9$5,('$' (1 &2&7(/(6 75$*26 &25726 < /$5*26
5(672%$5 &$)(7(5,$
7(1(026 /26 0(-25(6 35(&,26
*
'(6'(
/--/ %% # #! & ( '! # % " !!# ) #& &$' & !
+]IVLW U]MZM TI UIUn TW[ PQRW[ [M ^]MT^MV OMVMZW[W[ KWV NTWZM[ +]IVLW U]MZM TI UIUn TW[ PQRW[ [M ^]MT^MV OMVMZW[W[ KWV NTWZM[ a XZM[MV\M[# XMZW K]IVLW ^Q^M [QMUXZM M[\nV I][MV\M[ a XZM[MV\M[# XMZW K]IVLW ^Q^M [QMUXZM M[\nV I][MV\M[ +WV 2]IV /IJZQMT MK]I\WZQIVW +-4=4): !! )UWZ M\MZVW /.&,-
# " !
! ! "
/.).-
3RU HO 'tD GH OD 0$'5( WX PHMRU UHJDOR HV XQD VHUHQDWD
/.)'&
@ > E I C 7 H
;nf[hje [d b_]WZkhWi o 9khWY_ed[i W YehjW o bWh]W Z_ijWdY_W
BW efehjkd_ZWZ gk[ YWcX_Wh| jk l_ZW o j[ ZWh| \[b_Y_ZWZ fWhW i_[cfh[$ ;IJ7I IEBE 7 [ijWi Z[i[f[hWZe W j[ ^Wd WXWdZedWZe" j[ ^Wd i_Ze _dÒ [b e i[ ^Wd XkhbWZe Z[ j_ ¶OW de ik\hWi d_ j[ bWc[dj[i c|i " [b cW[ijhe @>EIC7H [i [b d_Ye o l[hZWZ[he [d h[Wb_pWh [b c|i [\[Yj_le jhWXW`e Z[ Wceh gk[ jWdje [ijWXWi [if[hWdZe" fWhW gk[ ik fWh[`W h[]h[i[ _dc[Z_WjWc[dj[ feh cko Z_ijWdj[" \h_W e b[`ei gk[ i[ [dYk[djh[" [b e [bbW l[dZh| i_d gk[ KZ$ bW bbWc[ e bW Xkigk[" i_]W e f[hi_]W" ik fWh[`W j[ he]Wh|" j[ ikfb_YWh|" j[ bbehWh|" i[ ^kc_bbWh|" o j[ f[Z_h| gk[ h[]h[i[i W ik bWZe" `WcWi j[ WXWdZedWh| " W jWd iebe (+$&& :EB7H;I$ JhWXW`ei ]WhWdj_pWZei" j[ b_XhWcei Z[ Xhk`[h_Wi" iWbWc_[djei" [d\[hc[ZWZ[i" cWbWi e Z[iYedeY_ZWi o cWbW ik[hj[$ B[YjkhW Z[b JWhej
/.()(
"' "0% "0 & , / )&' *!& " !&% # # .$ ' &$ ' "& #
/.'&)
J$ FEHJ70 &/)*()+)& % J$ CEL?IJ7H0 &/+'())-'
'+" "& ) '"%! + %)&( & " # (
&' '"& ) % "0% *% ( " '% ( % # %) # )&( # ') , $ %1 # / . & , &$"%!& % # %) - '"( &( -
3 4
9LVtWHQRV HQ OD 6XFUH \ *XD\DTXLO 7HOpIRQRV ²
'-#!!'9* ((# '%+ 2 +(#"+ "( ., 8 #($
+- -'+ "# (0*#. 1'#-*#. "# & & ) /-.** +./+ "9( -#. ,+- .#.'9*
,$"' '*+ '$3* - %"$"
$%, ).'* - % )" & * ($ +'* +3(" '* ,- '& #' - ! $$"& ( (" ('$$' - $' )' ,- $'* )+ *
#-) * . +-+/# .
$ # " # # !% $" $, # ' " ' !% # $ $ - $" #$ % . " $ % $" # +# " $ " $ $ " ' $" # #$"% $ #
/ 1
7 " $ $
" # %" . #
" # % # ". # " $ # $ " % "$ " #$ ( " " # # $ " #
# # "$ & # " % # " # # " # $ # $ "$" $ # ' "$" # # # # " # "" & "$ % "
+ & "4& ,& * 2 ' - )" '*
$$ *( #' - ) %() &+ $
% +' 0 , ')
+25$ 352*5$0$ + + + + + + + + +
3DWUyQ GH 6LQWRQtD 1RWLFLHUR 5HJLRQDO 7HOHGHSRUWHV ,QTXLHWXGHV &LQH 0DWLQDO 9LDMH D ODV (VWUHOODV 1RWLFLHUR 5HJLRQDO 7HOHGHSRUWHV 2QGD +LWV
+25$ 352*5$0$ + + + + + + + + K
3OXJ 3OD\ &OXE $QLPD 3XQWR GH $QiOLVLV 1RWLFLHUR 5HJLRQDO 7HOHGHSRUWHV (YRFDFLyQ (O 0XVLFDOtVLPR 1RWLFLHUR 5HJLRQDO UHSULVVH
&LHUUH
ēũ"#+ũ ē #-31.ũ "#+ũ )4(!(.ũ ũ ĸ ũ ĹĔũ 2#%4(".ũ /.1ũ ũ ũ ũ ũ !.-31 ũ ũ ũ ũ Ĕũ 2#ũ ' ũ "(2/4#23.ũ !(3 1ũ /.1ũ + ũ /1#-2 ũ /.1ũ "#2!.-.!#1ũ + ũ 1#2("#-!( ũ .ũ ".,(!(+(.ũ "#ũ + ũ "#, -" " Ĕũ "#ũ !.-$.1,(" "ũ !.-ũ +.ũ 04#ũ "(2/.-#ũ #+ũ 13ēũ đĉũ "#+ũ ¢"(%.ũ "#ũ 1.!#"(,(#-3.ũ (5(+Ĕũ2#ũ+#ũ' !#ũ2 #1Ė
Ėũ ũ ũ ũ
ũ ũ Ėũ ũ ĸ ũ Ĺ ĖũĈđĊćĉĉćĈĈćĉćĐ
ũ ũ ũ ũ Ėũ ēũ
ũ ũ Ėũ ũ ũ ũ
Ėũ ũ ũ ũ Ėũ Ėũ ēũ ĈĈćũ ũ ĈĈ5 ēũ ēũ Ĉ1.ēũ ũ ũ
ũ ũ ũ ũ ũ ũ ēũũ , 3.Ĕũ, 13#2ũĈĉũ"#ũ 1(+ũ "#+ũ ĉćĈĈĔũ + 2ũ ćĒ'Ďďēũ ũ Ėũ ũ "#, -" ũ/1#2#-3 " ũ/.1ũ2#1ũ!+ 1 ũ8ũ+#% +ũ 2#ũ + ũ !#/3 ũ +ũ 31;,(3#ũ #1 +ũ 4, 1(.ėũ /.1ũ +.ũ 3 -3.ũ !~3#2#ũ ũ + ũ "#, -" " ũ ũ ũ ũ ũ /.1ũ+ ũ/1#-2 ũ#-ũ4-.ũ"#ũ+.2ũ"( 1(.2ũ04#ũ2#ũ #"(3 -ũ#-ũ#23 ũ!(4" "ĔũĈēũ ũ$(-ũ"#ũ04#ũ!.,ı / 1#9! ũ ũ' !#1ũ5 +#1ũ242ũ"#1#!'.2ũ ).ũ /1#5#-!(.-#2ũ"#ũ1# #+"~ ēıũ 1.5_ 2#+#ũ"#ũ 4-ũ 41 ".1ũ "ı+(3#,ũ +ũ ,#-.1ũ ' (".ũ #-ũ #+ũ , 31(,.-(.ēũ ũ ¢,#2#ũ #-ũ !4#-3 ũ #+ũ ! 2(++#1.ũ )4"(!( +ũ "#2(%- ".ũ /.1ũ #+ũ !3.1ũ / 1 ũ /.23#1(.1#2ũ -.3($(! !(.-#2ēıũ ~3#2#ũ 8ũ-.3($~04#2#ē (1, ũ +#%( +# ēũ
ũ ũ
ũ
#13($(!.Ėũ (1, ũ +#%( +# ēũ _2 1ũ 4# 2ũ 14)(++.
.ũ04#ũ!.,4-(!.ũ ũ+ ũ!(3 " ũ/ 1 ũ+.2ũ$(-#2ũ +#% +#2ũ /#13(-#-3#2Ĕũ ũ $(-ũ "#ũ 04#ũ "#-31.ũ "#ũ5#(-3#ũ"~ 2ũ ũ!.-3 12#ũ"#2"#ũ+ ũÌ+3(, ũ /4 +(! !(¢-ũ2# +#ũ! 2(++#1.ũ)4"(!( +ũ/ 1 ũ 242ũ-.3($(! !(.-#2ēũũ #13($(!.ēıũ , 3.ĔũĉĎũ"#ũ 1(+ũ"#+ũĉćĈćē (1, ũ +#%( +# ũ 8ũ4-ũ2#++. ĈĒďĊČĵĒđćđĉ 44
ũ ũ ũ ũ ēũ ũ Ėũ .ēũĎććĵĉćĈć Ėũ ũ ũ ũ Ėũ
ũ ũ
ũ 4 -3~ Ėũ
Ėũ 1ēũ Ì+ũ 231.ũ ē ĎććıĉćĈć
ũ ũ ũ ũ ũ ũ ēıũ .2ĔũĈĐũ"#ũ#-#1.ũ"#+ũ ĉēćĈĈĔũ + 2ũ Ĉć'Ċćēıũ Ėũ ũ + ũ "#, -ı " ũ /1#2#-3 " ũ /.1ũ ũ ũ ũ ũ 2#ũ + ũ ! +($(! ũ "#ũ !+ 1 Ĕũ /1#!(2 ũ 8ũ !.,/+#3 Ĕũ /.1ũ 1#4-(1ũ +.2ũ 1#04(2(3.2ũ "#3#1,(- ".2ũ /.1ũ + ũ +#8Ĕũ 8ũ 2#ũ + ũ !#/3 ũ +ũ 31;,(3#ũ 5#1 +ũ 24, 1(.ēũũ ")Ì-3#2#ũ ũ+.2ũ 43.2ũ+ ũ".!4,#-3 !(¢-ũ !.,/ " ũ +ũ #2!1(3.ũ (-(!( +Ĕũ 3¢,#2#ũ #-ũ!4#-3 ũ+ ũ!4 -3~ Ĕũ#+ũ! 2(++#1.ũ)4"(!( +ũ 04#ũ2# + ũ/ 1 ũ$4341 2ũ-.3($(! !(.-#2ũ8ũ + ũ 43.1(9 !(¢-ũ 04#ũ ' !#ũ ũ 24ũ .% ".ũ / 31.!(- ".1ũ / 1 ũ 04#ũ 242!1( ũ #-ũ 24ũ "#$#-2 ēũ ũ ~3#2#ũ +ũ "#, -" ".ũ ũ ũ
ũ Ĕũ /.1ũ + ũ /1#-2 ũ #-ũ 4-.ũ "#ũ +.2ũ "( 1(.2ũ 04#ũ 2#ũ #"(3 -ũ #-ũ + ũ !(4" "ũ "#ũ , 3.ũ #-ũ + ũ $.1, ũ "#3#1,(- " ũ /.1ũ #+ũ 13ēũ ĈĈĒũ "#+ũ ¢"(%.ũ (5(+Ĕũ ũ$(-ũ"#ũ04#ũ2# +#ũ! 2(++#1.ũ )4"(!( +ũ ).ũ /1#5#-!(.-#2ũ #-ũ 1# #+"~ ēıũ .3($~04#2#ēıũ $Ĺũ 1ēũ Ì+ũ 231.ũ ēũ 4#9ũ (5(+ũ"#ũ .2ē
.ũ 04#ũ !(3.ũ ũ 423#"ũ / 1 ũ +.2ũ $(-#2ũ "#ũ
#8Ĕũ /1#5(-(_-".+#ũ "#ũ + ũ . +(% !(¢-ũ 04#ũ 3(#-#ũ "#ũ 2# + 1ũ ! 2(++#1.ũ )4"(!( +ũ / 1 ũ 242ũ$4341 2ũ-.3($(! !(.-#2ē (1, ũ +#%( +# 1 ēũ + "82ũ +.1#2ũ 4#-, 8.1 8ũ4-ũ2#++. ĈĒďČćĵĒđĈćĉ 44
ēũ"#+ũ ē ıũ
ũ ũ ũ ũ ũ ũ
Ĕũ ũ .ũćĉĐČıĉćĈĈ Ĕũ ũ
Ĕũ ēũ ũ ũ ũ ĸ #,/.1 +Ĺ Ĕũ ũ ũ ũ Ĕũ ũ ũ ũ Ĕũ Ė
ũ ũ ũ ũ ũ ũ ēıũ , 3.Ĕũ , 13#2ũ Ĉďũ 1(+ũ "#+ũ ĉćĈĈĔũ + 2ũ ćĒ'ĎĈēıũ Ėũ (_-".2#ũ " ".ũ !4,/+(,(#-3.ũ ũ +.ũ .1"#- ".ũ #-ũ /1.5("#-!( ũ 04#ũ -3#!#ı "#Ĕũ + ũ "#, -" ũ #2ũ !+ 1 ũ 8ũ !.,/+#3 Ĕũ 2#ũ +.ũ ",(3#ũ +ũ 31;,(3#ũ #-ũ )4(!(.ũ #1 +ũ 4, 1(.ũ 04#ũ 2#ũ " ũ ũ + ũ ! 42 ēũ ~3#2#ũ ũ 4(2ũ #/3 +~ũ 1#"#2ũ 4#13#2Ĕũ /.1ũ + ũ /1#-2 ũ,#"( -3#ũ31#2ũ/4 +(! !(.-#2ũ#ũ4-ũ "( 1(.ũ"#ũ+ ũ+.! +(" "Ĕũ -3#ũ#+ũ)41 ,#-3.ũ "#ũ + ũ / 13#ũ !3.1 ũ "#ũ "#2!.-.!#1ũ 24ũ 1#2("#-!( Ĕũ /4 +(! !(.-#2ũ 04#ũ 2#ũ ' 1;-ũ ,#"( -".ũ #+ũ 3_1,(-.ũ "#ũ .!'.ũ "~ 2ũ "#ũ 4- ũ ũ .31 ũ 8ũ "#ũ + ũ Ì+3(, ũ /4 +(! !(¢-ũ "# #1;ũ!.,/ 1#!#1ũ+ ũ/ 13#ũ"#, -" " ũ #-ũ 5#(-3#ũ "~ 2ũ ũ ' !#1ũ 5 +#1ũ 24ũ "#1#!'.ũ ).ũ /#1!( (,(#-3.ũ "#ũ 1# #+"~ Ĕũ /1#5(ı -(_-".+#ũ 2# + 1ũ ! 2(++#1.ũ )4"(!( +ũ / 1 ũ -.3($(! !(.-#2ēũ ũ ~3#2#ũ ũ +.2ũ ,#-.1#2ũ "4+3.2ũ #1¢-( ũ - #+ũ 8ũ 4(2ũ -"1_2ũ 1#"#2ũ #% + ".Ĕũ ũ$(-ũ"#ũ04#ũ(-2(-Ì#-ũ !41 ".1ũ "ı+(3#,ũ 04#ũ +.2ũ 1#/1#2#-3#ũ #-ũ #23 ũ ! 42 Ĕũ +4#%.ũ "#ũ !(3 ".ũ +#% +,#-3#ũ #+ũ "#, -" ".ēũ ũ 4_-3#2#ũ !.-ũ #+ũ 2# .1ũ
4#9ũ "#ũ + ũ ( #9ũ 8ũ ".+#2!#-!( ũ .ēũ Čēũũ ¢,#2#ũ #-ũ !4#-3 ũ #+ũ ! 2(++#1.ũ 2# + ".ũ /.1ũ + ũ !.,/ 1#!(#-3#ũ / 1 ũ 242ũ -.3($(! ı !(.-#2ēıũ .3($~04#2#ũ 8ũ !~3#2#ũ $Ĺũ +ũ 4#9ēũ #13($(!.ēũ ũ #!1#3 1( ēı 13(!4+ 1ũ 04#ũ 2#ũ /.-#ũ #-ũ !.-.!(,(#-3.ũ "#+ũ"#, -" ".ũ8ũ"#+ũ/Ì +(!.ũ#-ũ%#-#1 +Ĕũ / 1 ũ+.2ũ$(-#2ũ"#ũ #8ũ!.-2(%4(#-3#2ēı (1, ũ +#%( +# -( ũ 8.1% ũ 1!_2 #!1#3 1( 8ũ4-ũ2#++. ĈĒďĎćĵĒđĈĉĊ 44
ũ ũ ũ ũ
ũ ũ ũ ũ
ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ
ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ
Ėũ ēũ ũ ũ ē Ėũ Ėũ ũ ũ ũ Ėũ ũ
ũ ũ Ėũ ēũ ũ ũ ũ ũ Ėũ Čũ ũ ũ ũĉćĈĈē ũ .ēũĉćĈĈıćĉĊĉ ũ ũ ũ ũ ũ ũ ũ ēũ , 3.Ĕũ 5(#1-#2ũ ĈĎũ "#ũ 1(+ũ"#+ũĉćĈĈĔũ+ 2ũćđ'Ĉćũ Ėũ 3(2$#!'.ũ 04#ũ ' ũ 2(".ũ #+ũ 1#04#1(,(#-3.ũ '#!'.ũ /.1ũ #+ũ
49% ".ēũ 5.!.ũ !.-.!(,(#-3.ũ "#ũ + ũ /1#ı 2#-3#ũ ! 42 ũ #-ũ 5(134"ũ ũ "#+ũ 2.13#.ũ 5#1($(! ı ".ũ 8ũ #-ũ ,(ũ !.-"(!(¢-ũ "#ũ 4#9ũ (34+ 1ũ "#+ũ "#2/ !'.ēũ ũ -ũ +.ũ /1(-!(/ +ũ + ũ "#, -" ũ #2ũ !+ 1 ũ 8ũ !.,/+#3 ũ 8ũ 1#Ì-#ũ +.2ũ 1#04(2(3.2ũ "#ũ +#8ũ 8ũ 2#ũ + ũ !#/3 ũ ũ )4!(.ũ #1 +ũ 4, 1(.ũ !.,.ũ 2~ũ2#ũ"#!+ 1 ēũũ ~3#2#ũ +ũ2# .1ũ ũ ũ ũ
Ĕũ /.1ũ + ũ /1#-2 ũ #-ũ 4-.ũ "#ũ +.2ũ "( 1(.2ũ 04#ũ 2#ũ #"(ı 3 -ũ #-ũ #23 ũ !(4" "ũ "#ũ !.-$.1,(" "ũ !.-ũ #+ũ 13ēũ ĈĈĒũ "#+ũ ¢"(%.ũ (5(+Ĕũ !.-$(_1 2#ũ #+ũ #731 !3.ũ 1#2/#!3(5.ēũ ũ ũ $(-ũ "#ũ /1.5##1ũ "#ũ !41 ".1ũ "ı+(3#,ũ "#+ũ ,#-.1ũ ' (".ũ "#-31.ũ "#+ũ , 31(,.-(.Ĕũ ¢(% 2#ũ + 2ũ 24%#1#-!( 2ũ "#ũ
".2ũ / 1(#-3#2ũ "#ũ %1 ".ũ ,;2ũ !#1! -.ũ .ũ ũ 24ũ $ +3 ũ + ũ "#ũ ".2ũ /#12.- 2ũ '.-.1 +#2ũ "#ũ + ũ +.! +(" "ēũ ũ %1_%4#-2#ũ +ũ /1.!#2.ũ + ũ ".!4,#-3 !(¢-ũ ")4-3 ēũ ũ ¢,#2#ũ -.3 ũ "#+ũ! 2(++#1.ũ)4"(!( +ũ"#2(%- ".ũ/ 1 ũ1#!( (1ũ $4341 2ũ-.3($(! !(.-#2ũ8ũ+ ũ 43.1(9 !(¢-ũ04#ũ +#ũ !.-!#"#ũ ũ 24ũ "#$#-2.1ũ #-ũ + ũ /1#2#-3#ũ ! 42 ēũũ ~3#2#ũ8ũ-.3($~04#2#ē (1, ũ +#%( +# ēũ ũ
ũ #13($(!.Ė (1, ũ +#%( +# %ēũ 1(#+ ũ 5(+
ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ Ĕũ ũ ũ ũ ũ ũ ũ ũ ũ
ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ēũ ũ ĉćũ ũ ũ ũĉćĈĈē (1, ũ +#%( +# 1(#+ ũ 5(+ ũ %ē 8ũ".2ũ2#++.2ũ ĈĒďĎĊĵĒđĈĊć 44
ēũ"#+ũ ē Ėēıũ ũ ũ ũ Ĕũ2#ũ+#ũ' !#ũ 2 #1Ė #-31.ũ "#+ũ 4(!(.ũ #1 +ũ 4, 1(.ũ "#ũ (5.1!(.ũ .ēũ ĉćĈćıćĒĐĒĔũ 2#%4(".ũ /.1ũ ũ ũ ũ Ĕũ#-ũ!.-31 ũ"#ũ ũ ũ ũ Ĕũ 2#ũ ' ũ "(2/4#23.ũ !(3 1ũ /.1ũ + ũ 1#-2 ũ "#ũ #23 ũ !(4" "ũ "#ũ , 3.Ĕũ "#ũ !.-$.1,(" "ũ !.-ũ +.ũ /1#!#/34 ".ũ #-ũ #+ũ 13ēũ đĉũ "#+ũ ¢"(%.ũ "#ũ 1.!#"(,(#-3.ũ (5(+Ĕũ 8 ũ 04#ũ + ũ !3.1 ũ ' ũ , -($#2ı 3 ".ũ !.-ũ )41 ,#-3.ũ + ũ (,/.2( (+(" "ũ "#ũ "#3#1,(- 1ũ #+ũ !34 +ũ ".,(!(+(.ũ .ũ 1#2("#-!( ũ "#+ũ "#, -" ".Ĕũ 2#ũ +#ũ ' !#ũ 2 #1Ė
Ėũ ũ ũ ũ ũ ũ ũ ũ Ėũ ũ Ėũ ĖũĈđĊćĐĉćĈććĒĐĒ
ũ ũ ũ Ėũ ēũ ũ
ũ Ėũ ũ ũ ũ Ėũ ũ ũ ũ Ėũ
ũ ũ ũ ũ ũ ũ ēũ , 3.Ĕũ )4#5#2ũ ĈĊũ "#ũ #-#1.ũ "#+ũ ĉćĈĈĔũ + 2ũ ĈĐ'ĉĐēũ Ėũ 4,/+(".ũ#+ũ1#04#1(,(#-3.ũ"#+ũ 49% ".Ĕũ + ũ "#, -" ũ /1#2#-3 " ũ /.1ũ ũ ũ ũ Ĕũ /.1ũ 2#1ũ +#% +ũ 2#ũ + ũ !#/3 ũ ũ 31;,(3#ũ 5#1 +ũ 24, 1(.ēũ ũ 1 ũ +.2ũ $(-#2ũ "#ũ +#8Ĕũ !~3#2#ũ /.1ũ+ ũ/1#-2 ũ"#ũ+ ũ!(4" "ũ"#ũ , 3.ũ +ũ "#, -" ".ũ ũ ũ ũ Ĕũ"#ũ !.-$.1,(" "ũ ũ +.ũ "(2/4#23.ũ #-ũ #+ũ 13ēũ đĉũ "#+ũ ¢"(%.ũ "#ũ 1.!#"(,(#-3.ũ (5(+Ĕũ 8 ũ 04#ũ + ũ !3.1 ũ ' ũ , -($#23 ".ũ ).ũ )41 ,#-3.ũ "#2!.-.!#1ũ #+ũ !34 +ũ ".,(ı !(+(.ũ .ũ 1#2("#-!( ũ "#+ũ 1#$#1(".ũ "#, -ı " ".ēũ ũ 1.5_ 2#ũ "#ũ !41 ".1ũ "ı+(3#,ũ ũ +.2ũ ,#-.1#2ũ ' (".2ũ #-ũ #+ũ , 31(ı ,.-(.Ĕũ +4#%.ũ "#ũ /4 +(! " 2ũ + 2ũ !(3 ı !(.-#2ēũ 4_-3#2#ũ !.-ũ #+ũ 1ēũ #.5 --8ũ ! Ĕũ %#-3#ũ (2! +ũ 2(%- ".ũ ũ #23 ũ
4"(! 341 ēũ ũ %1_%4#2#ũ + ũ ".!4,#-3 ı !(¢-ũ -#7 ēũ _-% 2#ũ#-ũ!4#-3 ũ+ ũ! 2(++ ũ )4"(!( +ũ .ũ ĎĉĈēũ ũ .3($~04#2#ēıũ $Ĺũ 1ēũ 423 5.ũ ¢/#9ũ Ì #9Ĕũ 4#9ũ #,/.1 +ũ "#+ũ 49% ".ũ _/3(,.ũ "#ũ +.ũ (5(+ũ "#ũ , 3.ēũũ #13($(!.ēũũ +ũ #!1#3 1(.ēũũ
.ũ 04#ũ !(3.ũ +ũ "#, -" ".ũ / 1 ũ +.2ũ $(-#2ũ +#% +#2ũ /#13(-#-3#2ėũ ũ $(-ũ "#ũ 04#ũ 5#(-3#ũ"~ 2ũ"#2/4_2ũ"#ũ+ ũÌ+3(, ũ/4 +(ı ! !(¢-ũ2# +#ũ! 2(++#1.ũ)4"(!( +ũ#-ũ#23 ũ !(4" "ũ"#ũ , 3.ũ/ 1 ũ242ũ-.3($(! !(.ı -#2ēũũ #13($(!.ēũũ +ũ #!1#3 1(.ēıũ , 3.Ĕũ # 1#1.ũĐũ"#+ũ .ũĉćĈĈēũ (1, ũ +#%( +# 1ēũ 4%.ũ -3.2ũ ';5#9 #!1#3 1(. , 3.Ĕũ # 1#1.ũĐũ"#+ũ .ũĉćĈĈē 8ũũ".2ũ2#++. ĈĒĐĈĈĵĒđČĎđ 44
ũ
ũ + ũ "#, -" " ũ ũ ũ ũ Ĕũ "#-31.ũ "#+ũ )4(!(.ũ .ēũ ĉĐČıĉćĈćĔũ /1./4#23.ũ /.1ũ
.1%#ũ #1-;-ũ (2 +#, ũ (2 +#, ũ #-ũ !.-31 ũ "#ũ .(+ ũ 23#-( ũ (2 +#, ũ -(, .9 Ĕũ 2#ũ +#ũ ' !#ũ 2 #1ũ +.ũ 04#ũ 2(%4#Ė ũ ũ Ėũ ũ Ėũ Ėũ ũ ũ ũ Ėũ ũ ũ ũ Ėũ
Ėũ ēũ ũ ũ ũ ũ Ė
ũ ũ ũ ũ ũ ũ ē 4#1.Ĕũ ũ ćĐũ "#ũ #/3(#, 1#ũ "#+ũ .ũ ĉćĈćēıũ 2ũ ćđ'Ċćēıũ Ėı ũ "#, -" ũ 04#ũ -3#!#"#Ĕũ /1#2#-3 ı " ũ /.1ũ ũ ũ ũ Ĕũ#2ũ!+ 1 Ĕũ!.,/+#3 ũ8ũ1#Ì-#ũ +.2ũ 1#04(2(3.2ũ "#ũ +#8Ĕũ /.1ũ +.ũ 04#ũ 2#ũ +#ũ ",(3#ũ +ũ 31;,(3#ũ #1 +ũ 4, 1(.ēũ ũ -ũ !.-2#!4#-!( Ĕũ/.1ũ!4 -3.ũ#+ũ !3.1Ĕũ ).ũ )41 ,#-3.ũ, -($(#23 ũ04#ũ#2ũ(,/.2( +#ũ #23 +#!#1ũ 8ũ "#3#1,(- 1ũ #+ũ ".,(!(+(.ũ 8ũ 1#2("#-!( ũ "#ũ + ũ "#, -" " ũ ũ
ũ ũ Ĕũ !~3#2#ũ ũ _23 ũ /.1ũ + ũ 1#-2 Ĕũ !.-ũ + ũ "#, -" ũ #-ũ $.1, ũ #731 !3 " ũ 8ũ #23#ũ 43.Ĕũ ,#"( -3#ũ 31#2ũ /4 +(! !(.-#2ũ 1# +(9 " 2ũ #-ũ 4-.ũ "#ũ +.2ũ ( 1(.2ũ "#ũ , 8.1ũ !(1!4+ !(¢-ũ "#ũ + ũ !(4" "ũ "#ũ , 3.Ĕũ ,#"( -".ũ /.1ũ +.ũ #-.2ũ #+ũ 3_1,(-.ũ"#ũ.!'.ũ"~ 2Ĕũ#-31#ũ4- ũ8ũ.31 ũ /4 +(! !(¢-Ĕũ ũ$(-ũ"#ũ04#ũ"#-31.ũ"#ũ+.2ũ 5#(-3#ũ "~ 2ũ ũ !.-3 12#ũ "#2"#ũ + ũ Ì+3(, ũ /4 +(! !(¢-Ĕũ 2# +#ũ ".,(!(+(.ũ / 1 ũ 242ũ -.3($(! !(.-#2ũ#-ũ#23 ũ!(4" "Ĕũ ).ũ/1#ı 5#-!(.-#2ũ "#ũ 1# #+"~ ēũ ũ 1.5_ 2#+#ũ "#ũ 4-ũ !41 ".1ũ "ı+(3#,ũ / 1 ũ +.2ũ ,#-.1#2ũ -(#+ũ +#) -"1.ũ 8ũ 1#""8ũ 1+ -".ũ (2 +#, ũ (2 +#, Ĕũ / 1 ũ +.ũ !4 +Ĕũ 2#ũ .(1;-ũ+ 2ũ24%#1#-!( 2ũ"#ũ".2ũ/ 1(#-3#2ũ !#1! -.2ũ .ũ ũ $ +3 ũ "#ũ _23.2ũ + ũ "#ũ ".2ũ /#12.- 2ũ '.-.1 +#2ũ "#ũ + ũ +.! +(" "ēũũ _-% 2#ũ #-ũ !4#-3 ũ + ũ !4 -3~ ũ !.,.ũ (-"#3#1,(- " ũ8ũ#+ũ+4% 1ũ2# + ".ũ/ 1 ũ 1#!( (1ũ -.3($(! !(.-#2ũ #-ũ + ũ #!1#3 1~ ũ "#ũ#23#ũ 49% ".ũ8ũ+ ũ 43.1(9 !(¢-ũ!.-ı $#1(" ũ +ũ %ēũ 1!#+.ũ #- ũ 4#11#1.ēũ IJũ %1_%4#2#ũ + ũ ".!4,#-3 !(¢-ũ ")4-ı 3 ēıũ .3($~04#2#ũ8ũ!~3#2#ēı (1, ũ +#%( +# 1 ēũ .!~.ũ 2.ũ"#ũ !.23
4#9 ũ"#ũ+.ũ (5(+ũ"#ũ 4#1. (1, ũ +#%( +# 1ēũ 2'(-%3.-ũ 4!'#+(ũ ē #!1#3 1(.ũ04#ũ!#13($(! ē
.ũ 04#ũ /.-%.ũ #-ũ !.-.!(,(#-3.ũ "#ũ + ũ !(3 " ũ / 1 ũ +.2ũ $(-#2ũ +#% +#2ũ !.-2(ı %4(#-3#2Ĕũ/1#5(-(_-".+#ũ"#ũ+ ũ. +(% !(¢-ũ 04#ũ3(#-#ũ"#ũ2# + 1ũ".,(!(+(.ũ/ 1 ũ242ũ -.3($(! !(.-#2ũ #-ũ #23 ũ !(4" "Ĕũ "#-31.ũ "#ũ +.2ũ 5#(-3#ũ "~ 2ũ ũ !.-3 1#ũ "#2"#ũ + ũ Ì+3(, ũ /4 +(! !(¢-Ĕũ ).ũ /1#5#-!(.-#2ũ "#ũ +#8ēıũ 4#1.Ĕũ ũ ćđũ "#ũ #/3(#, 1#ũ "#+ũ .ũĉćĈćē (1, ũ +#%( +# 1ēũ 2'(-%3.-ũ 4!'#+(ũ ē #!1#3 1(.ũ "#+ũ 49% ".ũ "#ũ +.ũ (5(+ũ "#ũ 4#1. 8ũ31#2ũ2#++.2 ĈĒĐĈĊĵĒđČďđ 44
ũ ũ
ũ ũ ũ ũ ũ ũ +ũ # .1ũ ũ ũ ũ
ũ /.1ũ"#2!.-.!#1ũ"#ũ24ũ !34 +ũ".,(!(+(.Ĕũ1#2(ı "#-!( ũ .ũ (-"(5("4 +(" "Ĕũ 2#ũ +#ũ ' !#ũ 2 #1ũ +.ũ04#ũ2(%4#Ė ũ ũ Ėũ ũ Ėũ ĖũĈČĊũĉćĈĈē Ėũ ēũ ũ Ĕũ 1.!41 ".1ũ 4"(!( +ũ "#ũ ũ ũ
ũ ũ Ėũ ũ ũ ũ
Ėũ
Ėũ ēũ ũ
ũ ũ ũ ũ ũ ũ ēũ , 3.Ĕũ , 13#2ũ ĉďũ "#ũ 1(+ũ "#+ũ ĉćĈĈĔũ + 2ũ ĈČ'ĉĊēũ ũ Ėũ 5.!.ũ !.-.!(,(#-3.ũ "#ũ + ũ ! 42 Ĕũ /.1ũ #+ũ 2.13#.ũ 1# +(9 ".ũ 8ũ !.,.ũ 4#9ũ 3(34+ 1ũ "#ũ #23 ũ
4"(! 341 ēũ ũ -ũ +.ũ /1(-!(/ +Ĕũ + ũ "#, -" ũ 04#ũ /1#!#"#Ĕũ /.1ũ 1#4-(1ũ +.2ũ 1#04(2(3.2ũ "#ũ
#8Ĕũ2#ũ+ ũ !#/3 ũ +ũ31;,(3#ũ"#ũ 4(!(.ũ #1 +ũ 4, 1(.Ĕũ"(2/.-(#-".ũ2#ũ!.11 ũ31 2+ ".ũ!.-ũ + ũ ,(2, ũ +ũ "#, -" ".ũ ũ ũ ũ
Ĕũ ũ $(-ũ "#ũ 04#ũ !.,/ ı 1#9! ũ ũ)4(!(.ēũũ .1ũ!4 -3.ũ+ ũ !3.1 ũ"#!+ 1 ũ !.-ũ )41 ,#-3.ũ 04#ũ +#ũ ' ũ 2(".ũ (,/.2( +#ũ "#3#1,(- 1ũ #+ũ !34 +ũ ".,(!(+(.Ĕũ 1#2("#-!( ũ .ũ (-"(5("4 +(" "ũ "#+ũ "#, -" ".ũ ũ ũ ũ
Ĕũ !.-$.1,#ũ +.ũ "(2/.-#ũ #+ũ 13ēũ đĉũ "#ũ + ũ ."($(! !(¢-ũ "#ũ ¢"(%.ũ"#ũ 1.!#"(,(#-3.ũ (5(+ũ#-ũ5(%#-!( Ĕũ !~3#2#+#ũ!.-ũ+ ũ"#, -" ũ#-ũ$.1, ũ#731 !3 ı " ũ8ũ+ ũ/1#2#-3#ũ/1.5("#-!( Ĕũ,#"( -3#ũ31#2ũ /4 +(! !(.-#2ũ#-ũ4-.ũ"#ũ+.2ũ ( 1(.2ũ04#ũ2#ũ #"(3 -ũ #-ũ #23 ũ (4" "Ĕũ ,#"( -".ũ /.1ũ +.ũ ,#-.2ũ #+ũ 3_1,(-.ũ "#ũ .!'.ũ "~ 2Ĕũ #-31#ũ 4- ũ 8ũ .31 ũ /4 +(! !(¢-Ĕũ ũ $(-ũ "#ũ 04#ũ "#-31.ũ "#ũ +.2ũ 5#(-3#ũ "~ 2ũ ũ !.-3 12#ũ "#2"#ũ + ũ Ì+3(, ũ /4 +(! !(¢-ũ !.,/ 1#9! ũ ũ 4(!(.ũ 8ũ 2# +#ũ 2(++#1.ũ )4"(!( +ũ / 1 ũ 242ũ -.3($(! !(.-#2ēũũ %1_%4#-2#ũ ũ +.2ũ 43.2ũ + ũ ".!4,#-3 ı !(¢-ũ / 1#) " ũ ũ + ũ "#, -" ēũ ũ ~3#2#ũ 8ũ .3($~04#2#ē (1, ũ +#%( +# ēũ ũ
#13($(!.Ė (1, ũ +#%( +# 1ēũ 1!.ũ + 9 1
.ũ04#ũ2#ũ/.-#ũ#-ũ!.-.!(,(#-3.ũ"#+ũ"#, -ı " ".Ĕũ/ 1 ũ+.2ũ$(-#2ũ+#% +#2ũ!.-2(%4(#-3#2ē (1, ũ +#%( +#ũ 1ēũ 1!.ũ + 9 1ũ #+ 2!.ē 8ũ4-ũ2#++. ĈĒĐĈČĵĒđČĐć
ũ
ēũ"#+ũ ē
ũ ũ ũ ũ ũ ũ !3.1Ėũ ũ ũ ũ #, -" " Ėũ ũ ũ ũ ũ 42 Ėũ ũ ũ ũ Ĕũ $4-" ,#-3 " ũ #-ũ +.ũ 04#ũ "(2/.-#ũ #+ũ 13ēıũ --4,#1 ".ũ ĉĔũ Čũ 8ũ 2(%4(#-3#2ũ "#ũ + ũ #8ũ #$.1, 3.1( ũ +ũ ~34+.ũ Ĕũ "#+ũ ( 1.ũ ũ "#+ũ ¢"(%.ũ "#ũ + ũ ( #9ũ 8ũ ".+#2!#-!( Ĕũ /4 +(! " ũ #-ũ #+ũ #%(231.ũ $(!( +ũ .ēũ ďČĊũ "#+ũ , 13#2ũ ĉđũ "#ũ 4+(.ũ "#+ũ ĉććĒĔũ "#, -".ũ + ũ $() !(¢-ũ "#ũ 4- ũ /#-2(¢-ũ +(,#-3(!( ũ ũ $ 5.1ũ "#ũ -4#231.ũ '().ũ ũ ũ ũ ēēē
4#9Ėũ 1 ēũ ũ ũ #!1#3 1(.Ėũ ēũ ũ ũ 4 -3~ Ėũ ďēćććē..ũ ũ ĸ ũ ũ "¢+ ı 1#2Ĺ #/#-"#-!( Ėũ ũ ũ ũ ũ ũ ũ ũ ũ ēũ ũ Ėũ ġ ũ ũ ũ ũ ũ ũ ũ ũ ēıũũ , 3.Ĕũ +4-#2ũ ĉĎũ "#ũ 1(+ũ "#+ũ ĉćĈĈĔũ + 2ũ Ĉć'ĉĒēıũ Ėũ 5.!.ũ!.-.!(,(#-3.ũ"#ũ + ũ/1#2#-3#ũ! 42 Ĕũ#-ũ,(ũ! +(" "ũ"#ũ 4#9ũ #%4-".ũĸ Ĺũ"#ũ+ ũ ( #9ũ8ũ ".+#2!#-!( ũ "#+ũ -3¢-ũ , 3.Ĕũ ,#"( -3#ũ !!(¢-ũ "#ũ #12.- +ũ .ũ ČĐĊı ı ũ "#ũ $#!' ũ ĈĎũ "#ũ 1(+ũ "#+ũ ĉćĈĈĔũ +ũ ' #1ũ !.11#2ı /.-"(".ũ + ũ !.,/#3#-!( ũ /.1ũ 2.13#.ēũ ũ -ũ +.ũ /1(-!(/ +ėũ #ũ !.-$.1,(" "ũ !.-ũ +.ũ 04#ũ "#3#1,(- ũ + ũ #8ũ #$.1, 3.1( ũ +ũ ~34+.ũ Ĕũ ( 1.ũ ũ "#+ũ ¢"(%.ũ 1%;-(!.ũ "#ũ + ũ ( #9ũ 132ēũ ĊĎĔĊĐũ 8ũ #-ũ !.-!.1" -!( ũ ũ +.ũ "(2/4#23.ũ #-ũ #+ũ 13ēũ ďĐĔũ "#+ũ ¢"(%.ũ "#ũ 1.!#"(,(#-3.ũ (5(+Ĕũ+ ũ"#, -" ũ/1#ı 2#-3 " ũ /.1ũ #+ũ 2# .1ũ ũ ũ ũ Ĕũ#2ũ!+ 1 Ĕũ/1#!(2 ėũ8Ĕũ/.1ũ 1#4-(1ũ+.2ũ1#04(2(3.2ũ"#ũ+#8Ĕũ2#ũ+ ũ !#/3 ũ +ũ31;,(3#ũ ũ"#ũ +(,#-3.2ėũ8ũ/.1ũ !4 -3.ũ+ ũ .-23(34!(¢-ũ"#ũ+ ũ #/Ì +(! ũ#-ũ #+ũ 13ēũĈďĒĔũďĒũ-4,#1 +#2ũĈũ8ũĎĔũ#23 +#!#ũ +.2ũ /1(-!(/(.2ũ /1.!#2 +#2ũ "#ũ 2(,/+($(! ı !(¢-ũ 4-($.1,(" "Ĕũ #$(! !( Ĕũ (-,#"( !(¢-Ĕũ !#+#1(" "ũ8ũ#!.-.,~ ũ/1.!#2 +ēũũ #+ -".ũ /.1ũ#+ũ(-3#1_2ũ24/#1(.1ũ"#ũ+.2ũ-( .2Ĕũ-( 2ũ 8ũ ".+#2!#-3#2ũ 8ũ 242ũ "#1#!'.2ėũ 2#ũ $() ũ + ũ /#-2(¢-ũ /1.5(2(.- +ũ / 1 ũ #+ũ ,#-.1ũ ũ ũ ũ Ĕũ #-ũ + ũ ! -3(" "ũ "#ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ,#-24 +#2Ĕũ ,;2ũ +.2ũ #-#$(!(.2ũ"#ũ+#8Ĕũ"# (#-".ũ! -!#+ 1ũ "41 -3#ũ +.2ũ /1(,#1.2ũ Ďũ "~ 2ũ "#ũ ! " ũ ,#2ũ 8ũ "#2"#ũ + ũ $#!' ũ "#ũ /1#2#-3 !(¢-ũ "#ũ+ ũ"#, -" Ĕũ ũ31 5_2ũ"#ũ/ % "41~ ũ"#ũ #23#ũ 49% ".Ĕũ"#ũ !4#1".ũ!.-ũ+ ũ + ũ"#ũ #-2(.-#2ũ +(,#-3(!( 2ũ ~-(, 2ũ+ 2ũ04#ũ 2#ũ#23(/4+ ũ#-ũ24ũ 13ēũ(--4,#1 ".ũĒėũ ).ũ /1#5#-!(.-#2ũ "#ũ +#8ũ #23 +#!(" 2ũ #-ũ #+ũ ,(2,.ũ 13~!4+.ēũ %1_%4#2#ũ +ũ /1.!#2.ũ ũ ".!4,#-3 !(¢-ũ /1#2#-3 " ēũ ũ ~3#2#ũ ũ + ũ "#, -" " ũ ũ ũ ũ ũ Ĕũ ,#"( -3#ũ 31#2ũ /4 +(! !(.-#2ũ #-ũ 4-.ũ "#ũ +.2ũ "( 1(.2ũ "#ũ , 8.1ũ !(1!4+ ı !(¢-ũ "#ũ #23 ũ !(4" "Ĕũ "#ũ 4-ũ #731 !3.ũ "#ũ + ũ /#3(!(¢-ũ 8ũ #23 ũ /1.5("#-!( Ĕũ +ũ 3#-.1ũ "#ũ+.ũ"(2/4#23.ũ#-ũ#+ũ 13ēũđĉũ"#ũ+ ũ !34 +ũ ."($(! !(¢-ũ +ũ ¢"(%.ũ"#ũ 1.!#"(,(#-3.ũ (5(+Ĕũ /.1ũ !4 -3.ũ #+ũ 2# .1ũ ũ ũ ũ ũ Ĕũ ' ũ $(1, ".ũ !.-ũ )41 ,#-3.ũ "#2!.-.!#1ũ 24ũ / 1 "#1.Ĕũ ".,(!(+(.ũ 8ũ 1#2("#-!( ũ !34 +Ĕũ ).ũ /1#ı 5#-!(¢-ũ "#ũ $() 1ũ ! 2(++ ũ )4"(!( +ũ #-ũ #23 ũ !(4" "ũ"#ũ , 3.Ĕũũ/ 1 ũ242ũ/.23#1(.1#2ũ -.3($(! !(.-#2ēũũ - ũ5#9ũ!(3 ".ũ#+ũ"#, -ı " ".ũ"# #1;ũ./.134- ,#-3#ũ -4-!( 1ũ+ 2ũ /14# 2ũ "#-31.ũ "#+ũ 3_1,(-.ũ !.11#2/.-ı "(#-3#ũ8ũ' 23 ũ+ 2ũ!4 1#-3 ũ8ũ.!'.ũ'.1 2ũ -3#2ũ "#ũ + ũ 4"(#-!( ũ Ë-(! ũ 2# + " Ĕũ "#ũ !.-$.1,(" "ũ !.-ũ #+ũ 13ēũ --4,#1 ".ũ ĊČũ Ì+3(,.ũ (-!(2.ũ "#ũ + ũ #8ũ #$.1, 3.1( ũ +ũ ~34+.ũ ũ ( 1.ũ ũ "#+ũ ¢"(%.ũ 1%G-(!.ũ "#ũ+ ũ ( #9ũ8ũ ".+#2!#-!( ēũũ ũ2.+(!(34"ũ "#+ũ !3.1ũ 2#ũ /1 !3(! 1;-ũ + 2ũ 2(%4(#-3#2ũ "(+(%#-!( 2Ėũ ũ #!_/3#2#ũ + 2ũ "#!+ 1 ı !(.-#2ũ 3#23(,.-( +#2ũ "#ũ +.2ũ 2# .1#2ũ ũ ũ
ũ ũ 8ũ ũ ũ ũ Ĕũ +ũ 3#-.1ũ "#+ũ (-3#11.% 3.1(.ũ "#-31.ũ "#ũ + ũ "(+(%#-ı !( ũ 04#ũ 2#1;ũ 2# + " ũ #-ũ "# (" ũ $.1, Ĕũ $~!(#2#ũ +ũ #%(231.ũ "#ũ + ũ 1./(#" "ėũ $~!(#2#ũ +ũ #%(231.ũ ,#1! -3(+ėũ $~!(#2#ũ ũ + ũ .,(2(¢-ũ 1.5(2(.- +ũ "#ũ 1 -2/.13#ũ #11#231#ėũ +ũ 3#-.1ũ "#+ũ --4,#1 ".ũ ĉĎũ "#+ũ ¢"(%.ũ "#ũ + ũ ( #9ũ 8ũ ".+#2!#-!( Ĕũ 2#ũ "(2/.-#ũ + ũ 1.'( (!(¢-ũ "#ũ 2 +(" ũ "#+ũ / ~2ũ"#ũ+ ũ 1 ēũ ũ ũ ũ ũ Ĕũ /.13 ".1 ũ "#ũ + ũ _"4+ ũ "#ũ (4" " -~ ũ .ũ ĈđćĉĐďđĊđćĔũ / 13(!4+ 1ũ 04#ũ 2#ũ !.,4-(! 1;ũ +ũ #$#ũ 1.5(-!( +ũ "#ũ (%1 !(¢-ũ "#ũ 4-%41 '4 ēũ ũ ¢,#2#ũ #-ũ !4#-3 ũ #+ũ ! 2(++#1.ũ )4"(!( +ũ .ũ ĎĒĒũ $() " ũ /.1ũ #+ũ !!(.- -3#ũ / 1 ũ 242ũ /.2ı 3#1(.1#2ũ -.3($(! !(.-#2ũ 8ũ + ũ 43.1(9 !(¢-ũ !.-!#"(" ũ ũ + ũ %ēũ #--8ũ 2! -.ēũũ ~3#2#ũ 8ũ .3($~04#2#ēũ $ēıũ 1 ēũ # 31(9ũ _1#9ũ ;-!'#9ēıũ ēıũ ēũ ũ +ũ #!1#3 1(.Ĕũ $ēıũ 1ēũ $ #+ũ .-3#2"#.! ũ ēĢēıũĸ (%4#-ũ+ 2ũ-.3($(! !(.-#2Ĺē
.ũ04#ũ ũ ũ423#"Ĕũ!.-$.1,#ũ+.ũ"(2/.ı -#ũ#+ũ 13ēũ --4,#1 ".ũĊĎĔũ(-!(2.ũ3#1!#1.ũ "#ũ + ũ #$.1, ũ -3#2ũ ,#-!(.- " Ĕũ / 1 ũ 24ũ !.-.!(,(#-3.ũ 8ũ $(-#2ũ +#% +#2ũ !.-2(ı %4(#-3#2Ĕũ /1#5(-(_-".+#ũ "#ũ + ũ . +(% !(¢-ũ "#ũ $() 1ũ ! 2(++ ũ )4"(!( +ũ #-ũ #23 ũ !(4" "ũ "#ũ , 3.Ĕũ / 1 ũ 242ũ /.23#1(.1#2ũ -.3(ı $(! !(.-#2ē (1, ũ +#%( +# 1ēũ ũ ũ Ĕ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ē 8ũ".2ũ2#++.2 ĈĒĐćĈĵĒđČćĉ
ĵ Ĕũ !.+.1ũ , 1(++.Ĕũ 3(/.ũ #" -Ĕũ .ũ "#ũ $ 1(! !(¢-ũ ĉēććĊĔũ /+ ! 2ũ ŗēũ ıćČđČĔũ ,.3.1ũ ŗēũ ĈďđĐČćĈĊ Ĕũ !' 2(2ũ ŗēũ Ċ Ĉ ĊĈ ĎĊ ćĈćĈĉĉĔũ !48.ũ 5 +Ì.ũ /.1ũ #+ũ ĎćŘũ "#ũ +.2ũ "#1#!'.2ũ 8ũ !!(.-#2ũ 2!(#-"#ũ ũ + ũ ! -3(" "ũ "#ũ ũ ũ ũ ććĵĈććũ Ĕũ 1#, 3#ũ 04#ũ 2#ũ ")4"(! 1;ũ +ũ ,#).1ũ/.23.1ēũ .1ũ31 3 12#ũ"#+ũ/1(,#1ũ2# ı + ,(#-3.Ĕũ 2#ũ !#/3 1 -ũ /.2341 2ũ 2. 1#ũ + 2ũ ".2ũ3#1!#1 2ũ/ 13#2ũ"#+ũ5 +Ì.ũ3.3 +Ĕũ04#ũ(1;-ũ !.,/ " 2ũ"#+ũ"(#9ũ/.1ũ!(#-3.ũ#-ũ"(-#1.ũ #-ũ#$#!3(5.ũ.ũ!'#04#ũ!#13($(! ".ũ ũ+ ũ.1"#-ũ "#+ũ 49% ".ēũ 4 +~04#2#ũ#23#ũ 5(2.ũ/.1ũ31#2ũ 5#!#2ũ #-ũ 4-.ũ "#ũ +.2ũ ( 1(.2ũ "#ũ , 8.1ũ !(1ı !4+ !(¢-ũ 04#ũ 2#ũ #"(3 -ũ #-ũ #23 ũ +.! +(" "ėũ "#,;2ũ$~)#-2#ũ31#2ũ! 13#+#2ũ1#2/#!3(5.2ũ"#ũ !.-$.1,(" "ũ !.-ũ +.ũ 04#ũ "(2/.-#ũ + ũ !(3 " ũ -.1, ũ+#% +ēıũ .3($~04#2#ēıũ
2ũ /#12.- 2ũ (-3#1#2 " 2ũ /4#"#-ũ 3#-#1ũ , 8.1#2ũ (-$.1,#2ũ #-ũ + ũ #!1#3 1( ũ "#+ũ
49% ".ũ #%4-".ũ"#ũ+ ũ ( #9ũ8ũ ".+#2!#-!( ũ "#ũ , 3.Ĕũ 1#, 3#ũ 04#ũ 2#1;ũ ")4"(! ".ũ +ũ ,#).1ũ /.23.1Ĕũ /.1ũ 31 3 12#ũ "#+ũ /1(,#1ũ 2# + ,(#-3.Ĕũ + 2ũ /.2341 2ũ 2#ũ 1#!#/3 1 -ũ 2. 1#ũ+ ũ 2#ũ"#ũ+ 2ũ".2ũ3#1!#1 2ũ/ 13#2ũ"#+ũ 5 +Ì.ũ3.3 +ũ"#+ũ (#-ũ,4# +#ũ ũ1#, 3 12#ũ8ũ 04#ũ2#1;-ũ !.,/ " 2ũ"#+ũ"(#9ũ/.1ũ!(#-3.ũ #-ũ"(-#1.ũ#-ũ#$#!3(5.ũ.ũ!'#04#ũ!#13($(! ".ũ ũ -., 1#ũ"#ũ#23 ũ)4"(! 341 ēũ , 3.ũ ũđũ"#ũ 1(+ũ"#+ũ .ũĉćĈĈēũ (1, ũ +#%( +# 1ēũ ũ ũ ē ũ 8ũ4-ũ2#++. ĈĒĎĊĊĵĒĐďđĎ
!4#-!( Ĕũ 2#ũ + ũ !#/3 ũ +ũ 31;,(3#ũ "#ũ )4(!(.ũ #)#!43(5.Ĕũ "(2/.-(_-".2#ũ 04#Ĕũ #-ũ #+ũ 3_1,(ı -.ũ "#ũ 31#2ũ "~ 2Ĕũ + ũ "#, -" " ũ ũ ũ ũ ũ/ %4#ũ+ ũ. +(% !(¢-ũ "#, -" " ũ .ũ /1./.-% ũ #7!#/!(.-#2ēũ ũ .1ũ !4 -3.ũ#+ũ !3.1ũ"#!+ 1 ũ!.-ũ)41 ,#-3.ũ04#ũ +#ũ ' ũ 2(".ũ (,/.2( +#ũ "#3#1,(- 1ũ #+ũ !34 +ũ ".,(!(+(.Ĕũ 1#2("#-!( ũ .ũ (-"(5("4 +(" "ũ "#ũ + ũ "#, -" " ũ ũ ũ ũ Ĕũ!.-$.1,#ũ+.ũ"(2/.-#ũ#+ũ 13ēũđĉũ"#ũ+ ũ ."($(! !(¢-ũ "#ũ ¢"(%.ũ "#ũ 1.!#"(,(#-3.ũ (5(+ũ#-ũ5(%#-!( Ĕũ!~3#2#ũ!.-ũ+ ũ"#, -" ũ#-ũ $.1, ũ#731 !3 " ũ8ũ+ ũ/1#2#-3#ũ/1.5("#-!( Ĕũ ,#"( -3#ũ 31#2ũ /4 +(! !(.-#2ũ #-ũ 4-.ũ "#ũ +.2ũ ( 1(.2ũ04#ũ2#ũ#"(3 -ũ#-ũ#23 ũ (4" "Ĕũ ũ$(-ũ "#ũ04#ũ!.,/ 1#9! ũ ũ 4(!(.ũ8ũ2# +#ũ! 2(++#ı 1.ũ)4"(!( +ũ/ 1 ũ242ũ-.3($(! !(.-#2ēũũ #-% ũ#-ũ !4#-3 ũ+ ũ!4 -3~ ũ"#ũ+ ũ !!(¢-ũ8ũ#+ũ! 2(++#1.ũ )4"(!( +ũ2# + ".ēıũ .3($~04#2#ē (1, ũ +#%( +# ēũ ũ
#13($(!.Ė (1, ũ +#%( +# 1!.ũ + 9 1
.ũ 04#ũ 2#ũ /.-#ũ #-ũ !.-.!(,(#-3.ũ "#ũ + ũ "#, -" " Ĕũ / 1 ũ +.2ũ $(-#2ũ +#% +#2ũ !.-ı 2(%4(#-3#2ē (1, ũ +#%( +# 1ēũ 1!.ũ + 9 1ũ #+ 2!. 8ũ4-ũ2#++. ĈĒďĎĐĵĒđĈĊĒ 44
44
ũ ũ ũ
4(!(.ũ .ēũćĎĒıĉććĒũ .-%.ũ #-ũ !.-.!(,(#-3.ũ "#+ũ /Ì +(!.ũ #-ũ %#-#1 +Ĕũ04#ũ,#"( -3#ũ/1.5("#-!( ũ#7/#"(ı " ũ/.1ũ+ ũ 1 ēũ .!~.ũ 2.ũ"#ũ !.23 Ĕũ 4#9 ũ "#ũ +.ũ (5(+ũ "#ũ 4#1.Ĕũ 2#ũ ' ũ 2# + ".ũ / 1 ũ #+ũ"~ ũ+4-#2ũ5#(-3#ũ"#ũ)4-(.ũ"#+ũ .ũ".2ũ,(+ũ .-!#Ĕũ"#2"#ũ+ 2ũĈČ'ććũ' 23 ũ+ 2ũĈđ'ććĔũ#-ũ + ũ #!1#3 1~ ũ "#ũ #23 ũ 4"(! 341 Ĕũ 2#ũ ++#5 1;ũ ũ ! .ũ #+ũ 1#, 3#ũ #-ũ /Ì +(! ũ 24 23 ũ "#+ũ 2(%4(#-3#ũ (#-ũ(-,4# +#ũ#, 1% ".Ėũ Ĉēũ ēũ +ũ (-,4# +#ũ #-ũ ,#-ı !(¢-ũ 2#ũ #-!4#-31 ũ 4 (! ".ũ #-ũ #+ũ 11(.ũ +ũ +5 1(.ũ "#ũ +. , Ĕũ !..1"#- " 2ũ ĐďĉĈČĎ Ĕũ ĒŵđĎĉēĎĐČ Ĕũ 2#!3.1ũ 04#ũ /#1ı 3#-#!#ũ ũ + ũ )41(2"(!!(¢-ũ "#ũ + ũ / 11.04( ũ 31(9ũ "#+ũ -3¢-ũ (2 +#.Ĕũ 1.5(-!( ũ "#+ũ 4-%41 '4 ē ĉēũ ē ěũ ēũ ũ/1./(#" "ũ"#ũ 1,#-ũ ,#+( ũ #(-.2.ũ!.-ũĐēĎćũ,#31.2ēũ ěũ ēũ ũ /1./(#" "ũ "#ũ 1,#-ũ ,#+( ũ #(-.2.ũ!.-ũĐēđćũ,#31.2ēũ ěũ ēũ - ũ#-31 " ũ8ũ2 +(" ũ"#ũĉēĎćũ,#31.2ũ "#ũ -!'.ēũ ěũ ēũ ũ /1./(#" "ũ "#ũ 1,#-ũ ,#+( ũ #(-.2.ũ!.-ũĈĐēććũ,#31.2ēũ Ċēũ ēũ +ũ ;1# ũ "#+ũ 3#11#-.Ĕũ !.,ı /1#-"(".ũ #-31#ũ #23.2ũ +(-"#1.2ũ 8ũ !.-ũ + 2ũ ,#"(" 2ũ -.3 " 2ũ #2ũ "#ũ ĈĊćēćĎũ ,#31.2ũ !4 "1 ".2ēũ Čēũ ¡ ũēũ Ň ũ$.1, ũ"#+ũ3#11#-.ũ#2ũ1#%4+ 1ēũ Ň ũ/#-"(#-3#ũ#2ũ+(%#1 ,#-3#ũ(-!+(- " ēũũ Ň .3#ũ(-3#1(.1Ĕũ2#/ 1 ".ũ"#ũ+ ũ! 11#3#1 ũ/1(-ı !(/ +ũ#-ũ /1.7(, " ,#-3#ũ5#(-3#ũ,#31.2ēũũ Ň 4ũ !!#2.ũ#2ũ/.1ũ4- ũ2#15("4, 1#ũ/# 3.ı - +ũ"#ũĉēĎũ,#31.2ũ"#ũ -!'.ēũ Ň ).ũ -(5#+ũ !.-ũ 1#+ !(¢-ũ ũ + ũ 1 2 -3#ũ "#ũ + ũ ! 11#3#1 ũ04#ũ5 ũ +ũ!#-31.ũ"#ũ (2 +#.ēũ Ň .ũ!.-2.+(" ".ēũ Ň .ũ3(#-#ũ!#11 ,(#-3.ũ/#1($_1(!.ēũ Ň .-ũ #23 2ũ ! 1 !3#1~23(! 2Ĕũ #+ũ ġ3#11#-.Ģũ +.ũ 5 +Ì.ũ#-ũ ũĊēĉĎćĔććũ ¢+ 1#2ēũ 7(23#ũ4- ũ!.-2314!!(¢-ũ"#-.,(- " ũ,(73 ũ "#ũ 4- ũ 2.+ ũ /+ -3 Ĕũ / 1#"#2ũ /#1($_1(! 2ũ #ũ (-3#1(.1#2ũ #-+4!(" 2Ĕũ /(2.2ũ / 5(,#-3 ".2Ĕũ !.-$.1, " ũ /.1ũ 31#2ũ !4 13.2Ĕũ /4#13 ũ "#ũ '(#11.ũ 8ũ , "#1 Ĕũ 5#-3 - +#2ũ "#ũ '(#11.ũ !.-ũ !1(23 +#2ũ!+ 1.2Ĕũ3#!'.2ũ"#ũ, "#1 ũ8ũ#3#1-(3ēũũ 4 1#ũ ĊĎēććũ ,#31.2ũ !4 "1 ".2ēũ ũ 23;ũ "#2ı .!4/ " ũ 8ũ #-ũ 1#%4+ 1ũ #23 ".ũ "#ũ !.-2#15 ı !(¢-ēũũ ũ 5 +Ì.ũ#-ũ ũĊēĈĎćĔ..ũ ¢+ 1#2ēũ +ũ 5 +Ì.ũ 3.3 +ũ "#+ũ (-,4# +#ũ #, 1% ".ũ 2!(#-"#ũ ũ ũ ũ ũ ũ ē
2ũ /#12.- 2ũ (-3#1#2 " 2ũ /4#"#-ũ . 3#-#1ũ , 8.1#2ũ (-$.1, !(.-#2ũ #-ũ + ũ #!1#3 1~ ũ "#+ũ 49% ".ũ "#ũ +.ũ (5(+ũ "#ũ 4#1.Ĕũ 1#, 3#ũ 04#ũ 2#1;ũ ")4"(! ".ũ +ũ ,#).1ũ /.23.1ēũ ũ .1ũ 2#1ũ #+ũ /1(,#1ũ 2# + ,(#-3.Ĕũ 2#ũ !#/3 1;-ũ /.2341 2ũ 2. 1#ũ + 2ũ ".2ũ 3#1!#1 2ũ / 13#2ũ "#+ũ /1#!(.ũ "#+ũ 5 +Ì.ũ 3.3 +Ĕũ /.2341 2ũ 04#ũ (1;-ũ !.,/ " 2ũ "#+ũ ĈćŘũ #-ũ "(-#1.ũ #$#!3(5.ũ .ũ !'#04#ũ !#13($(! ".ũ ũ -., 1#ũ "#ũ #23 ũ
4"(! 341 ēũ 4#1.Ĕũ ũĉĎũ"#ũ 1(+ũ"#+ũĉćĈĈē (1, ũ +#%( +# 1ēũ 2'(-%3.-ũ 4!'#+(ũ ē #!1#3 1(.ũ"#+ũ 49% ".ũ"#ũ+.ũ (5(+ũ"#ũ 4#1. 8ũ".2ũ2#++.2 ĈĒďĉĒĵĒđćĐď 44
ēũ ũ ē ũ ũ
ũ .ēıũĉććČıćďćĎē Ėũ ũ ũ ũ ũ ũ Ė .-%.ũ #-ũ !.-.!(,(#-3.ũ "#+ũ /Ì +(!.ũ #-ũ %#-#1 +ũ 04#ũ /.1ũ "#!1#3.ũ #7/#"(".ũ /.1ũ #+ũ 1ēũ 423 5.ũ ¢/#9ũ Ì #9Ĕũ 4#9ũ #,/.1 +ũ "#+ũ 49% ".ũ _/3(,.ũ"#ũ+.ũ (5(+ũ"#ũ , 3.Ĕũ ,#"( -3#ũ !!(¢-ũ"#ũ/#12.- +ũ .ēıũđĐũ ı ēĔũ 2#ũ ' ũ 2# + ".ũ / 1 ũ #+ũ "~ ũ 13#2ũ ! 3.1!#ũ "#ũ )4-(.Ĕũ "#+ũ ĉćĈĈũ "#2"#ũ + 2ũ ! 3.1ı !#ũ '.1 2ũ ' 23 ũ + 2ũ "(#9ũ 8ũ .!'.ũ '.1 2Ĕũ #-ũ + ũ #!1#3 1~ ũ "#ũ #23 ũ 4"(! 341 ũ / 1 ũ 04#ũ 3#-% ũ+4% 1ũ#+ũ1#, 3#ũ#-ũ/Ì +(! ũ24 23 ũ"#ũ +.2ũ (#-#2ũ,4# +#2ũ#, 1% ".2ũ2(%4(#-3#Ė Ĉēıũ - ũ !.!(- ũ "#ũ Čũ 04#, ".1#2ũ , 1! ũ ũ!.+.1ũ + -!.Ĕũ+.ũ 5 +Ì.ũ#-ũ+ ũ! -3(ı " "ũ"#Ĕũ ũŌũđćēćć ĉēıũ - ũ1#$1(%#1 ".1 ũ,#"( - ũ, 1! ũ Ĕũ "#ũ4- ũ/4#13 ũ!.+.1ũ + -! Ĕũ+.ũ 5 +Ì.ũ#-ũ+ ũ ! -3(" "ũ"#ũ ũŌũĈććēćć Ċēıũ -ũ3#+#5(2.1ũ ũ!.+.1#2ũ"#ũĉćĢũ, 1! ũ ũ !.-ũ ,."#+.ũ . ıĉć Đďũ 2(-ũ -3#- Ĕũ +.ũ 5 +Ì.ũ#-ũ+ ũ! -3(" "ũ"#ũ ũŌũĈĎćēćć Čēıũ -ũ1 "(.ũ%1 ".1 ũ!.-ũ ũ(-!.1/.1 ".ũ , 1! ũ ũ !.-ũ ,."#+.ũ .ũ ıĎđć Ĕũ +.ũ 5 +Ì.ũ#-ũ+ ũ! -3(" "ũ"#ũ ũŌũĎćēćć Ďēıũ -ũ ,(!1..-" 2ũ , 1! ũ ũ "#ũ !.+.1ũ + -!.Ĕũ +.ũ 5 +Ì.ũ #-ũ + ũ ! -3(" "ũ "#ũ ŌũĎćēćć ďēıũ -ũ 3#+#5(2.1ũ "#ũ ĈĒĢũ ũ !.+.1#2ũ , 1! ũ ũ2(-ũ -3#- Ĕũ2(-ũ+ ũ3 / ũ"#ũ+.2ũ!.-31.ı +#2ũ+.ũ 5 +Ì.ũ#-ũ+ ũ! -3(" "ũ"#ũ ũŌũĈđćēćć Đēıũ -ũ ,(-(ũ !.,/.-#-3#ũ , 1! ũ ũ !.-ũ ,."#+.ũ .ũ ı đũ!.-ũ".2ũ/ 1+ -3#2ũ+.ũ 5 +Ì.ũ#-ũ+ ũ! -3(" "ũ"#ũ ũŌũĈććēćć đēıũ -ũ ,(-(ũ !.,/.-#-3#ũ , 1! ũ Ĕũ !.-ũ ,."#+.ũ .ũ ıĊďĊ ũ!.-ũ31#2ũ/ 1+ -3#2ũ+.ũ 5 +Ì.ũ#-ũ+ ũ! -3(" "ũ"#ũ ũŌũĈĈćēćć Ēēıũ -ũ"(2/#-2 ".1ũ"#ũ %4 ũ, 1! ũ ũ 2(-ũ#+ũ .3#++¢-ũ!.+.1ũ + -!.Ĕũ+.ũ 5 +Ì.ũ#-ũ+ ũ ! -3(" "ũ"#ũ ũŌũĉćēćć Ĉćēıũ .2ũ /+ 3.2ũ / 1 ũ 3.! "(2!.2ũ "#ũ !.+.1ũ -#%1.Ĕũ1.3 2ũ+ 2ũ".2ũ3 / 2Ĕũ+.ũ 5 +Ì.ũ ũ1 9¢-ũ "#ũ ũŌũĉćēććũ! " ũ4-.Ĕũ ũŌũČćēćć ĈĈēıũ - ũ!;, 1 ũ$.3.%1;$(! ũ, 1! ũ ũ + ũ 5 +Ì.ũ#-ũ+ ũ! -3(" "ũ"#ũ ũŌČćēćć Ĉĉēıũ -ũ 3#+#5(2.1ũ "#ũ ĈĉĢũ + -!.ũ 8ũ -#%1.Ĕũ , 1! ũ ũ!.-ũ -3#- ũ"#ũ!.+.1ũ5#1"#Ĕũ +.ũ 5 +Ì.ũ#-ũ ũŌũĊćēćć ĈĊēıũ - ũ !.,/43 ".1 ũ !.,/4#23 ũ "#ũ 4-ũ ,.-(3.1ũ, 1! ũ ũ4-ũ ũ Ĕũ4- ũ (,/1#2.1 ũ , 1! ũ Ĕũ ".2ũ / 1+ -3#2Ĕũ 4-ũ ,.42#Ĕũ4-ũ3#!+ ".Ĕũ4-ũ1#%4+ ".1ũ"#ũ!.11(#-ı 3#Ĕũ+.ũ 5 +Ì.ũ#-Ėũ ũŌũĊĎćēćć +ũ 3.3 +ũ 2!(#-"#ũ ũ + ũ ! -3(" "ũ "#ũ ũ Ōũ ĈĊććĔćć Ėũ ũ ũ ũ ũ ēũ ēũ 4ēũ ē
2ũ /#12.- 2ũ (-3#1#2 " 2ũ /4#"#-ũ . 3#-#1ũ , 8.1#2ũ (-$.1,#2ũ #-ũ + ũ #!1#3 1~ ũ "#+ũ
49% ".ũ _/3(,.ũ "#ũ +.ũ (5(+ũ "#ũ , 3.Ĕũ #, 3#ũ 04#ũ 2#1;ũ ")4"(! ".ũ +ũ ,#).1ũ /.2ı 3.1Ĕũ /.1ũ 31 3 12#ũ "#+ũ 1(,#1ũ # + ,(#-3.Ĕũ 2#ũ1#!#/3 1;-ũ2. 1#ũ+ 2ũ".2ũ3#1!#1 2ũ/ 13#2ũ "#+ũ /1#!(.ũ "#+ũ 5 +Ì.Ĕũ "#ũ +.2ũ (#-#2ũ ,4#ı +#2ũ #, 1% ".2ũ ũ 1#, 3 12#ũ 8ũ 04#ũ (1;-ũ !.,/ ".2ũ !.-ũ #+ũ "(#9ũ /.1ũ !(#-3.ũ #-ũ "(-#1.ũ #-ũ #$#!3(5.ũ .ũ !'#04#ũ !#13($(! ".ũ ũ -., 1#ũ "#ũ #23 ũ 4"(! 341 ēıũ , 3.ũ ũ 1(+ũĉĎũ"#+ũĉćĈĈēı (1, ũ +#%( +# 1ēũ 4%.ũ -3.2ũ ';5#9 #!1#3 1(.ē 8ũ".2ũ2#++.2 ĈĒďĎĈĵĒđĈĉđ
ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ
ũ ũ
ũ ũ ũ ũ ũ
ĖũĉććĐıĈćĈĉũ
Ėũ ēũ ũ Ėũ ēũ ũ
ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ēũ , 3.Ĕũ)4#5#2ũĐũ"#ũ 1(+ũ "#+ũ ĉćĈĈĔũ + 2ũ ĈĈ'ćĈēũ Ėũ .2ũ #2!1(3.2ũ 04#ũ -3#!#"#-Ĕũ 2#ũ , -" ũ %1#% 1ũ ũ +.2ũ 43.2ēũ .ũ, -($#23 ".ũ/.1ũ#+ũ"#, -" ".ũ2#ũ !.-2("#1 1;ũ./.134- ,#-3#ũ#-ũ+ ũ 4"(#-!( ũ 1#2/#!3(5 ėũ 8Ĕũ /1.5#8#-".ũ +.ũ 2.+(!(3 ".ũ /.1ũ + ũ !3.1 Ĕũ !.-ũ $4-" ,#-3.ũ #-ũ +.ũ "(2/4#23.ũ #-ũ#+ũ 13ēũČĎďũ"#+ũ ¢"(%.ũ"#ũ 1.!#"(,(#-3.ũ (5(+Ĕũ -.1, ũ 24/+#3.1( ũ #-ũ + ũ , 3#1( Ĕũ 2#ũ 54#+5#ũ ũ2# + 1ũ/ 1 ũ#+ũ"~ ũ+4-#2ũ31#(-3 ũ"#ũ , 8.ũ "#+ũ ".2ũ ,(+ũ .-!#Ĕũ "#2"#ũ + 2ũ ! 3.1!#ũ '.1 2ũ ' 23 ũ + 2ũ "(#!(.!'.ũ '.1 2Ĕũ ũ $(-ũ "#ũ 04#ũ 3#-% ũ +4% 1ũ #+ũ 1#, 3#ũ "#+ũ ĎćŘũ "#ũ +.2ũ "#1#!'.2ũ 8ũ !!(.-#2ũ "#+ũ 5#'~!4+.ũ 3(/.ũ 7(Ĕũ , 1! ũ Ĕũ ,."#+.ũ ũ Ĉēďũ
Ėũ ũ ũ ũ Ĕũ /.1ũ "#2!.-.!#1ũ "#ũ 24ũ !34 +ũ ".,(!(+(.Ĕũ 1#2(ı "#-!( ũ .ũ (-"(5("4 +(" "Ĕũ 2#ũ +#ũ ' !#ũ 2 #1ũ +.ũ04#ũ2(%4#Ė ũ ũ Ėũ Ėũ ũ Ė ĖũćĈĉĊıĉćĈĈē Ėũ ũ ũ ũ Ėũ ũ ũ ũ ĖũŌĈĉēĎććĔććũ
Ėũ ēũ ũ
ũ ũ ũ ũ ũ ũ ēũ ũ , 3.Ĕũ +4-#2ũ ĉđũ "#ũ , 19.ũ"#+ũĉćĈĈĔũ+ 2ũĈď'ĎČēũũ Ėũ 5.!.ũ !.-.!(,(#-3.ũ"#ũ+ ũ/1#2#-3#ũ! 42 ũ#-ũ! +(ı " "ũ"#ũ 4#9ũ (34+ 1ũ"#ũ#23#ũ 49% ".Ĕũ8Ĕũ/.1ũ #+ũ 2.13#.ũ +#% +ũ /1 !3(! ".ēıũ -ũ +.ũ /1(-!(/ +Ĕũ + ũ "#, -" ũ 04#ũ /1#!#"#ũ #2ũ !+ 1 Ĕũ /1#!(2 ũ 8ũ 1#Ì-#ũ +.2ũ 1#04(2(3.2ũ +#% +#2ēũ ũ -ũ !.-2#ı
ēũ ũ ē ġ Ĕũ ũ ũ
ũ Ĕũ ũ ũ ũ ũ ēũ #ũ' !#ũ2 #1Ė "#-31.ũ"#+ũ 4(!(.ũ )#!43(5.ũ . 1.ũ"#ũ (-#1.ũ 2(%- ".ũ !.-ũ #+ũ .ēıũ ĉćĈćıćČĒďũ 2#%4(".ũ /.1ũ 1#"8ũ 31(!(.ũ #+ 23#%4(ũ .1#-.Ĕũ #/1#2#-3 -3#ũ +#% +ũ "#ũ + ũ ../#1 3(5 ũ +ũ %1 1(.ũ 3" ēıũ -ũ !.-31 ũ "#ũ 4 -ũ ".+$.ũ
+4%2 ũ ' +!.Ĕũ 1!(2 ũ "#ũ #2Ì2ũ . / -3 ũ (9 ũ 2#ũ ' ũ "(2/4#23.ũ !(3 1ũ /.1ũ ,#"(.ũ "#ũ + ũ /1#-2 ũ "#ũ #23 ũ !(4" "ũ "#ũ , 3.Ĕũ "#ũ !.-$.1,(" "ũ ũ +.ũ "(2/4#23.ũ #-ũ #+ũ 13ēũ đĉũ "#+ũ ¢"(%.ũ "#ũ 1.!#"(,(#-3.ũ (5(+Ĕũ 8 ũ 04#ũ #+ũ !3.1ũ ' ũ , -($#23 ".ũ ).ũ )41 ,#-3.ũ + ũ (,/.2( (+(" "ũ "#ũ "#3#1,(- 1ũ + ũ (-"(5("4 +(ı " "ũ8ũ#+ũ !34 +ũ".,(!(+(.ũ.ũ1#2("#-!( ũ"#ũ+.2ũ 1#$#1(".2ũ"#, -" ".2ēũũ #ũ' !#ũ2 #1Ė
Ėũ ũ ũ ũ ũ ũ ũ Ėũ Ėũ ũ ũ ĖũĈđĊćĐũĉćĈćıćČĒď
ũ ũ ũ Ėũ ēũ ũ ũ Ėũ ũ ũ ũ Ėũ ũ ũ
ũ Ĕũ ũ ũ ũ ũ Ėũ ũ ũ ũ ũĸ ē ē ēũďēĐććēććĹ
ũ ũ ũ ũ ũ ũ ēũ ũ , 3.Ĕũ )4#5#2ũ ĉĉũ "#ũ )4+(.ũ"#+ũĉćĈćĔũ+ 2ũĈĎ'ĈĐēũ Ėũ ũ"#, -ı " ũ /1#2#-3 " ũ /.1ũ #+ũ !ēũ 1#"8ũ #+ 23#%4(ũ .1#-.Ĕũ #1#-3#ũ "#ũ + ũ ../#1 3(5 ũ ġ ũ Ģũ 3" ēĔũ/.1ũ2#1ũ+#% +ũ2#ũ+ ũ !#/3 ũ ũ 31;,(3#ũ #)#!43(5.ēũ ũ 1 ũ +.2ũ $(-#2ũ "#ũ +#8Ĕũ !~3#2#ũ ũ +.2ũ "#, -" ".2ũ ũ ũ ũ Ĕũ ũ ũ ũ Ĕũ #-ũ #+ũ +4% 1ũ (-"(! ".ũ /.1ũ !.,(2(¢-ũ ũ #-5( 12#ũ +ũ 2# .1ũ #-(#-3#ũ .+~3(!.ũ "#ũ + ũ / 11.04( ũ .3.1 2Ĕũ / 1 ũ 04#ũ #-ũ#+ũ3_1,(-.ũ"#ũ31#2ũ"~ 2ũ"#ũ!(3 ".2ũ+#% +ı ,#-3#Ĕũ / %4#-ũ +.ũ "#4" ".ũ .ũ /1./.-% -ũ #7!#/!(.-#2Ĕũ ).ũ /1#5#-!(.-#2ũ "#ũ "(!3 1ũ 2#-3#-!( ēũ ũ ~3#2#ũ "#,;2ũ ũ +.2ũ "#, -ı " ".2ũ ũ ũ
ũ Ĕũ ũ ũ ũ ũ Ĕũ /.1ũ + ũ /1#-2 ũ "#ũ #23 ũ !(4" "ũ "#ũ !.-$.1,(ı " "ũ ũ+.ũ"(2/4#23.ũ#-ũ#+ũ 13ēũđĉũ"#+ũ ¢"(%.ũ "#ũ 1.!#"(,(#-3.ũ (5(+Ĕũ 8 ũ 04#ũ #+ũ !3.1ũ ' ũ , -($#23 ".ũ ).ũ )41 ,#-3.ũ + ũ (,/.2( (+(ı " "ũ "#ũ "#3#1,(- 1ũ + ũ (-"(5("4 +(" "ũ #-ũ #+ũ !34 +ũ ".,(!(+(.ũ .ũ 1#2("#-!( ũ "#ũ +.2ũ 1#$#1(ı ".2ũ"#, -" ".2ēũũ -!.1/¢1#2#ũ+ ũ".!4,#-ı 3 !(¢-ũ -#7 ēũũ _-% 2#ũ#-ũ!4#-3 ũ+ ũ! 2(++ ũ )4"(!( +ũ .ēũĊĐēũũ .ũ04#ũ"(2/.-%.ũ#-ũ! +(" "ũ "#ũ 4#9ũ #,/.1 +ēũũ .3($~04#2#ē 1ēũ 423 5.ũ ¢/#9ũ Ì #9Ĕũ 4#9ũ #,/.1 +ũ "#+ũ 49% ".ũ _/3(,.ũ"#ũ+.ũ (5(+ũ"#ũ , 3.ēũũ #13($(!.ēũũ +ũ #!1#3 1(.ē
.ũ 04#ũ !(3.ũ ũ +.2ũ "#, -" ".2ũ / 1 ũ +.2ũ $(-#2ũ+#% +#2ũ/#13(-#-3#2Ĕũ ũ$(-ũ"#ũ04#ũ5#(-ı 3#ũ "~ 2ũ "#2/4_2ũ "#ũ + ũ Ì+3(, ũ /4 +(! !(¢-ũ 2# +#ũ ! 2(++#1.ũ )4"(!( +ũ #-ũ #23 ũ !(4" "ũ "#ũ , 3.ũ/ 1 ũ242ũ-.3($(! !(.-#2ēıũ #13($(!.ēũ +ũ #!1#3 1(.ēũ , 3.Ĕũĉďũ"#ũ 1(+ũ"#+ũĉćĈĈē (1, ũ +#%( +# 1ēũ 4%.ũ -3.2ũ ';5#9 #!1#3 1(. 8ũ4-ũ2#++. ĈĒďĒĐĵĒđĊĒĉ 44
ũ
ũ ũ ũ ũ
ũ ũ ũ ũ ũ ũ ũ ũ ũ ėũ ũ ũ ũ ũ ĸ Ĺũ ũ ũ ũ ũ ũ ũ ũ
ũ ũ ũ ũ ũ ũ ũ Š ũ ēũ ēĔũ ũ ũ ũ ũ ũ ũ ũ ũ
ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ē ũ ũ Ėũ
Ėũ ēũ ũ ũ ē Ėũĸ ũ ũ Ĺ Ėũ ũ
ũ ũ ũ ũ ũ ũ ũ Š ũ ēũ ē Ėũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ Ėũ ēũ ũ ũ
ũ ũ Ėũ ĉĈũ ũ ũ ũĉććĒ ũ ēũĈćććıĉććĒē ĖũĉĎććĔććũ
ũ ũ ũ ũ ũ ũ ēıũ , 3.Ĕũ,(_1!.+#2ũĉĒũ"#ũ 2#/3(#, 1#ũ "#+ũ ĉćĈćĔũ + 2ũ ĈĈ'ĉĈēũ ũ Ėũ ı 4,/+(".ũ 04#ũ ' ũ 2(".ũ #+ũ 1#04#1(,(#-3.ũ "#+ũ 49% ".Ĕũ 5.!.ũ !.-.!(,(#-3.ũ "#ũ + ũ ! 42 Ĕũ #-ũ ,(ũ !.-"(!(¢-ũ "#ũ 4#9 ũ 3(34+ 1ũ "#+ũ "#2/ !'.ũ 8ũ "#+ũ 2.13#.ũ #$#!34 ".ēũ ũ ũ "#, -" ũ04#ũ/1#!#"#ũ#2ũ!+ 1 ũ8ũ!.,/+#3 Ĕũ /.1ũ+.ũ04#ũ2#ũ+ ũ ",(3#ũ +ũ31;,(3#ũ#2/#!( +ēıũ (+(3;-".2#ũ#+ũ3(#,/.ũ(-'; (+Ĕũ2#ũ"(2/.-#ũ + ũ /1#'#-2(¢-ũ 8ũ + ũ #-31#% ũ +ũ ēũ (,#ũ 1. .ũ + 1!¢-ũ "#ũ + ũ , 04(- 1( ũ "#2!1(3 ũ #-ũ#+ũ!#13($(! ".ũ8ũ!.-31 3.2ũ ")4-3.2Ĕũ /1#ı '#-2(¢-ũ 04#ũ 2#ũ +.ũ 1# +(9 1;ũ !.-ũ #+ũ 47(+(.ũ "#ũ + ũ .+(!~ ũ !(.- +Ĕũ "# (#-".ũ +ũ #$#!3.ũ .$(!( 12#ũ +ũ ., -".ũ .+(!( +ũ"#ũ (!'(-!' ēũũ #!'.Ĕũ !~3#2#ũ ũ + ũ / 13#ũ "#, -" " ũ "#ũ + ũ 2(%4(#-3#ũ $.1, Ėũ ũ + ũ 2# .1 ũ ũ ũ ũ ũ 8ũ ũ ũ Ĕũ #-ũ + ũ"(1#!!(¢-ũ04#ũ2#ũ(-"(! Ĕũ,#"( -3#ũ"#/1#ı ! 3.1(.ũ+( 1 ".ũ ũ4-.ũ"#ũ+.2ũ2# .1#2ũ)4#!#2ũ "#ũ+.2ũ (5(+ũ"#+ũ! -3¢-ũ 4(3.Ĕũ"#ũ+ ũ/1.5(-!( ũ "#ũ (!'(-!' ėũ 8Ĕũ ũ +.2ũ /1#24-3.2ũ '#1#"#ı 1.2ũ "#+ũ ! 42 -3#ũ ũ ũ ũ Ĕũ /.1ũ 4-.ũ "#ũ +.2ũ "( 1(.2ũ "#ũ !(1!4+ !(¢-ũ - !(.- +Ĕũ "#ũ !.-$.1ı ,(" "ũ ũ+.ũ2# + ".ũ#-ũ#+ũ 13ēũđĉũ"#+ũ ¢"(%.ũ "#ũ 1.!#"(,(#-3.ũ (5(+Ĕũ /.1ũ #+ũ ,(2,.ũ !.-ı "4!3.ũ /1 !3~04#2#ũ + ũ /1#'#-2(¢-ũ 1#+ !(.ı - " ēũ ũ .1ũ #!1#3 1~ ũ !.-$(_1 2#ũ "#2/ !'.ũ #-ũ $.1, ēıũ ).ũ +.2ũ /1#24/4#23.2ũ #23 +#ı !(".2ũ#-ũ#+ũ-.5#-.ũ 13~!4+.ũ(--4,#1 ".ũ"#ũ + ũ #!!(¢-ũ ũ"#+ũ ~34+.ũ Ĕũ ( 1.ũ #%4-".ũ"#+ũ ¢"(%.ũ "#ũ .,#1!(.Ĕũ +.2ũ "#4".1#2ũ /4#"#-ũ 1#!4/#1 1ũ#+ũ (#-ũ2(Ĕũ#-ũ#+ũ3_1,(-.ũ"#ũ04(-!#ũ "~ 2ũ"#ũ!(3 ".2ũ2#ũ/.-#-ũ +ũ"~ ũ#-ũ#+ũ/ %.ēıũ %1_%4#2#ũ + ũ ".!4,#-3 !(¢-ũ !.,/ " ũ 8ũ #-ũ 5(134"ũ "#ũ 4- ũ "#ũ #++ 2ũ +ũ !3.1ũ 3_-% ı 2#+#ũ #-ũ 24ũ ! +(" "ũ (-5.! " ēıũ ¢,#2#ũ -.3 ũ "#+ũ! 2(++#1.ũ)4"(!( +ũ .ēũĈĈĐũ"#2(%- ".ũ/ 1 ũ 1#!#/3 1ũ-.3($(! !(.-#2ũ$4341 2Ĕũ 2~ũ!.,.ũ+ ũ 43.1(9 !(¢-ũ 04#ũ +#ũ !.-$(#1#ũ ũ 24ũ "#$#-2.1ũ #-ũ + ũ ! 42 ēũ ũ .3($~04#2#ēēēēũ $Ĺũ 1 ēũ 42 - ũ 11#1 ũ ēũ 4#9 ũ 4(-3.ũ"#ũ+.ũ (5(+ēı
ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ Ĕũ ũ ũ ũ ũ ũ ũ ũ ũ
ũ ũ ũ ũ ũ ũ Ĕũ ũ ũ ũ ũ ũ Ĕũ ũ ũ ũ ēũũ ũćĈũ ũ ũ ũĉćĈĈē (1, ũ +#%( +# ēũ 1(#+ ũ 5(+ 8ũ4-ũ2#++. ĈĒĐćĒĵĒđČČĐ
ũ
ũ ũ Ėũ
Ėũ ũ .ēũĊĐđĵĉććĒ Ėũ ũ ũ ũ
Ėũ ũ ũ ũ 4 -3~ ĖũĉČćć
Ėũ 1ēũ Ì+ũ 231.ũ ē ũ ũ ũ ũ ũ ũ ũ Ė -%ēũ .1%#ũ -9 -.ũ ēĔũ #1(3.ũ "#2(%- ".ũ /.1ũ24ũ 43.1(" "ũ/ 1 ũ+ ũ ũ ũ ũ ũ ũ !.,.ũ "(+(%#-!( ũ "#-31.ũ "#+ũ 4(!(.ũ 2/#!( +ũ Œũ ĉććĒıćĊĐđũ /1./4#23.ũ /.1ũ ũ ũ ũ ũ #-ũ !.-31 ũ "#ũ ũ ũ ũ Ĕũ !.-ũ )41 ,#-3.ũ /.-%.ũ #-ũ 24ũ !.-2("#1 !(¢-ũ #+ũ2(%4(#-3#ũ(-$.1,#Ė #ũ 43.2ũ !.-23 ũ + ũ +(04(" !(¢-ũ ũ )4+(.ũ "#+ũ ĉćĈćũ!48 2ũ/#-2(.-#2ũ "#4" " 2ũ 2!(#-"#ũ ũŌđČĒĔĒĒē .-ũ #23#ũ -3#!#"#-3#ũ !.11#2/.-"#ũ + ũ 2(%4(#-3#ũ+(04(" !(¢-Ė #2ĵ .ĔũĉćĈćĔũĉćĈĈĔũ 4, -#1.ĔũĐĉĔďć # 1#1.ĔũĐĉĔďć 19.ĔũĐĉĔďć 1(+ 8.
4-(.
4+(.ũ %.23.ĔũďďĔćć _!(,.ũ!4 13 ũ/#-2(¢-ĖũďďĔćć #/3(#, 1#ĔũďďĔćć !34 1#ĔũďďĔćć .5(#, 1#ĔũďďĔćć _!(,.ũ3#1!#1 ũ/#-2(¢-ĔũďďĔćć (!(#, 1#ĔũďďĔćć 4, -ĖũČďĉĔććėũĉĈĐĔđćėũďĐĒĔđć #-2(.-#2ũ "#4" " 2ũ)4+(.ĵĉćĈćĖũđČĒĔĒĒ .3 +ũ/#-2(.-#2ũ "#4" " 2ĖũĈēĎĉĒĔĐĒ
ũ /1#2#-3#ũ +(04(" !(¢-ũ "#ũ ũ ũ ũ 2!(#-"#ũ ũ + ũ 24, ũ "#ũ ũ ũ ũ ũ ũĐĒĵĈććũ"¢+ 1#2ē
ũ ũ ũ ũ ũ ũ ēũ ũ .2Ĕũ ,(_1!.+#2ũ Čũ "#ũ , 8.ũ"#+ũĉćĈĈĔũ+ 2ũĈć'ĉĈēũũ +ũ#2!1(3.ũ"#ũ#23#ũ $.+(.ũ %1_%4#2#ēıũ .1ũ !4 -3.ũ + ũ !3.1 ũ ' ũ , -($#23 ".ũ ).ũ)41 ,#-3.ũ04#ũ+#ũ' ũ2(".ũ (,/.2( +#ũ" 1ũ!.-ũ#+ũ".,(!(+(.ũ.ũ1#2("#-!( ũ "#+ũ "#, -" ".ũ 2# .1ũ ũ ũ ũ Ĕũ 2#ũ "(2/.-#ũ !(3 1+#ũ #-ũ 4-.ũ "#ũ +.2ũ "( 1(.2ũ 04#ũ 2#ũ #"(3 -ũ #-ũ + ũ !(4" "ũ "#ũ , 3.Ĕũ !.-ũ + ũ +(04(" !(¢-ũ "#ũ + 2ũ /#-2(.-#2ũ +(,#-3(!( 2ũ "#4" " 2ũ 8ũ #23 ũ /1.5("#-!( Ĕũ "#ũ !.-$.1,(" "ũ ũ +.ũ 04#ũ "(2/.-#ũ #+ũ 13ēũ đĉũ "#+ũ ¢"(%.ũ "#ũ 1.!#"(,(#-3.ũ (5(+ũ $Ĺũ 1ēũ Ì+ũ 231.ũ ēũ
4#9ũ (5(+ũ"#ũ .2ē .3($~04#2#ē
.ũ04#ũ-.3($(!.ũ ũ423#"ũ/ 1 ũ+.2ũ$(-#2ũ"#ũ #8Ĕũ /1#5(-(_-".+#ũ"#ũ+ ũ. +(% !(¢-ũ04#ũ3(#-#ũ"#ũ 2# + 1ũ ! 2(++#1.ũ )4"(!( +ũ / 1 ũ 242ũ $4341 2ũ -.3($(! !(.-#2 (1, ũ +#%( +# 1 ēũ + "82ũ +.1#2ũ 4#-, 8.1 8ũ4-ũ2#++. ĈĒĐćđĵĒđČČć 44
ēũ ũ ē #-31.ũ "#+ũ )4(!(.ũ "#ũ ũ ĸ ĹĔũ 2#%4(".ũ /.1ũ ēũ ũ ũ
ũ ũ !.-31 ũ ũ ũ ũ
Ĕũ2#ũ' ũ"(2ı /4#23.ũ !(3 1ũ /.1ũ + ũ /1#-2 ũ /.1ũ "#2!.-.!#1ũ + ũ 1#2("#-!( ũ .ũ ".,(!(+(.ũ "#+ũ "#, -" ".Ĕũ "#ũ!.-$.1,(" "ũ !.-ũ +.ũ 04#ũ "(2/.-#ũ #+ũ 13ēũ đĉũ "#+ũ ¢"(%.ũ "#ũ 1.!#"(,(#-3.ũ (5(+Ĕũ 2#ũ +#ũ' !#ũ2 #1Ė
Ėũ ũ ũ ũ
ũ ũ Ėũ ũ ĸ Ĺ ĖũĈđĊćĉĉćĈććĉČĎ
ũ ũ ũ ũ Ėũ ēũ
ũ ũ Ėũ ēũ ũ ũ
ũ Ėũ ũ ũ ũ
Ėũ ē Ėũ ēũĎćĐũ ũĎĈĒũ ũ ũ ũ ũ
ũ ũ ũ ũ ũ ũ ēũ , 3.Ĕũ+4-#2ũĉĎũ"#ũ 1(+ũ "#+ũ ĉćĈĈĔũ + 2ũ ĈĐ'ĉĐēũ ũ Ėũ ũ "#, -" ũ 04#ũ -3#!#"#ũ#2ũ!+ 1 ũ8ũ1#Ì-#ũ+.2ũ1#04(2(3.2ũ "#ũ #8ėũ #-ũ !.-2#!4#-!( ũ 2#ũ + ũ ",(3#ũ +ũ 31;,(3#ũ"#ũ -2.+5#-!( ũ!.,.ũ!.-ũ+ 2ũ!./( 2ũ !#13($(! " 2ũ /1#2#-3 " 2Ĕũ / 1#!#ũ 04#ũ #+ũ "#, -" ".ũ ũ ũ ũ
ũ 2#ũ #-!4#-31 ũ !.,/1#-"(".ũ "#-31.ũ "#ũ + 2ũ "(2/.2(!(.-#2ũ "#ũ +.2ũ 132ēũ ĎćĒũ 8ũ ĎĈĒũ "#+ũ ¢"(%.ũ "#ũ 1.!#"(,(#-3.ũ (5(+Ĕũ 2#ũ "#!+ 1 ũ !.-ũ +4% 1ũ + ũ $.1, !(¢-ũ "#ũ !.-!41ı 2.ũ "#ũ !1##".1#2ũ 8ũ 2#ũ .1"#- ũ #+ũ "#/¢2(3.ũ "#ũ +.2ũ (#-#2Ĕũ +( 1.2Ĕũ !.11#2/.-"#-!( ũ 8ũ ".!4,#-3.2ũ +.2ũ !4 +#2ũ 2#ũ #-31#% 1;-ũ +ũ ~-"(!.ũ"#ũ+ ũ 4(# 1 ũ 1ēũ (*3.1ũ .11#2Ĕũ#-ũ $.1, ũ+#% +ėũ04#ũ+ ũ$.1, !(¢-ũ"#+ũ!.-!412.ũ -3#"(!'.ũ 2#ũ !.,4-(04#ũ +ũ /Ì +(!.Ĕũ /.1ũ ,#"(.ũ "#ũ + ũ /1#-2 ũ "#ũ 4-.ũ "#ũ +.2ũ "( 1(.2ũ 04#ũ2#ũ#"(3 -ũ#-ũ_23 ũ!(4" "ũ"#ũ , 3.ėũ2#ũ 2# + 1;ũ"~ Ĕũ'.1 ũ8ũ+4% 1ũ#-ũ04#ũ2#ũ!#+# 1#ũ + ũ )4-3 ũ "#ũ !1##".1#2Ĕũ 04#ũ 2#ũ !4,4+#-ũ 3.".2ũ +.2ũ )4(!(.2ũ #-ũ !.-31 ũ "#+ũ "#4".1Ĕũ /.1ũ . +(% !(¢-ũ "#ũ " 1ũ .ũ ' !#1Ĕũ / 1 ũ +.ũ 04#ũ 2#ũ .$(!( 1;ũ ũ+.2ũ2# .1#2ũ 4#!#2ũ"#ũ+.ũ (5(+ũ"#ũ _23 ũ !(4" "ėũ (%4 +,#-3#ũ .$~!(#2#ũ ũ 4-.ũ "#ũ +.2ũ2# .1#2ũ 4#!#2ũ"#ũ+.ũ #- +Ĕũ/ 1 ũ04#ũ2#ũ (-(!(#ũ #+ũ )4(!(.ũ /#- +ũ 1#2/#!3(5.ũ #-ũ .1"#-ũ ũ + ũ! +($(! !(¢-ũ"#ũ+ ũ(-2.+5#-!( ēũũ #ũ/1#5(#-#ũ +ũ "#4".1ũ "#ũ -.ũ 42#-3 12#ũ "#+ũ +4% 1ũ 2(-ũ /1#5(.ũ 5(2.ũ "#+ũ )49% ".ėũ 8ũ 04#ũ "#-31.ũ "#ũ .!'.ũ"~ 2ũ"# #1;ũ/1#2#-3 12#ũ#+ũ + -!#ũ"#ũ 242ũ (#-#2ũ!.-ũ#7/1#2(¢-ũ"#ũ !3(5.ũ8ũ/ 2(5.Ĕũ #-ũ! 2.ũ"#ũ-.ũ' !#1+.Ĕũ2#ũ, -" 1;ũ$.1, 1ũ + -!#ũ/.1ũ#+ũ ~-"(!.ũ"#ũ+ ũ 4(# 1 ũ.ũ/.1ũ 4-.ũ "#ũ +.2ũ !1##".1#2ēıũ 1.'~ 2#ũ ' !#1ũ / %.2ũ.ũ#-31#% 2ũ +ũ"#, -" ".ũ2.ũ/#- ũ"#ũ + ũ -4+(" "Ĕũ "5(13(_-".2#ũ ũ 04(#-#2ũ 3#-% -ũ (#-#2ũ.ũ/ /#+#2ũ"#+ũ,(2,.Ĕũ04#ũ#23;-ũ#-ũ+ ũ . +(% !(¢-ũ"#ũ#-31#% 1ũ +ũ ~-"(!.Ĕũ(-!411(1;-ũ #-ũ 1#2/.-2 (+(" "ũ #- +ēũ ũ .,.ũ + ũ $ ++(" ũ 04#" ũ"#ũ'#!'.ũ#-ũ+ ũ(-3#1"(!!(¢-ũ"#ũ ",(ı -(231 1ũ (#-#2Ĕũ -.3($~04#2#ũ !.-ũ _23 ũ /1.5(ı "#-!( ũ ũ+.2ũ2# .1#2ũ .3 1(.2ũ8ũ #%(231 ".1ũ "#ũ + ũ 1./(#" "ũ "#ũ _23#ũ -3¢-ėũ .$~!(#2#ũ #-ũ (%4 +ũ 2#-3(".ũ ũ +.2ũ 2# .1#2ũ #1#-3#2ũ "#ũ+.2ũ -!.2ũ"#ũ+ ũ+.! +(" "ũ ../#1 3(5 2ũ "#ũ '.11.ũ 8ũ 1_"(3.ũ 8ũ 434 +(23 Ĕũ / 1 ũ " 1ũ !4,/+(,(#-3.ũ !.-ũ + ũ #8ēıũ ũ ~3#2#ũ +ũ "#, -" ".ũ Ì+ũ 31(!(.ũ ,.2ũ ++. Ĕũ ,#"( -3#ũ31#2ũ/4 +(! !(.-#2ũ/.1ũ+ ũ/1#-2 Ĕũ #-ũ 4-.ũ "#ũ +.2ũ "( 1(.2ũ 04#ũ 2#ũ #"(3 ũ #-ũ #23 ũ !(4" "Ĕũ#+ũ,(2,.ũ04#ũ/."1;ũ./.-#12#ũ ũ_23 ũ "#!+ 1 3.1( ũ/ % -".ũ+ ũ! -3(" "ũ "#4" " ũ .ũ "(,(3(#-".ũ (#-#2ũ #04(5 +#-3#2Ĕũ "#-31.ũ "#ũ 31#2ũ "~ 2ũ +4#%.ũ "#ũ !(3 ".ũ +#% +,#-3#ēũũ _-% 2#ũ#-ũ!4#-3 ũ#+ũ! 2(++#1.ũ)4"(!( +ũ/ 1 ũ 242ũ /.23#1(.1#2ũ -.3($(! !(.-#2ēũ ũ %1_%4#2#ũ +ũ/1.!#2.ũ+ ũ".!4,#-3 !(¢-ũ ")4-3 Ĕũ !#/ı 3;-".2#ũ+ ũ#7!42 ũ"#+ũ2# .1ũ #73.ũ"#ũ+.ũ (5(+ũ "#ũ , 3.ēıũ 5.! -".ũ!.-.!(,(#-3.ũ"#ũ+ ũ /1#2#-3#ũ ! 42 ũ /.1ũ ' #1ũ 2(".ũ #2(%- " ũ
4#9ũ #,/.1 +ũ"#ũ#23#ũ #2/ !'.ũ,#"( -3#ũ !!(¢-ũ "#ũ /#12.- +ũ ēıũ ĐĒũ ı ēũ ~3#2#ũ 8ũ-.3($~04#2#ē (1, ũ +#%( +# ēũ
ũ ũ
ũ
#13($(!.Ė (1, ũ +#%( +# ēũ _2 1ũ 4# 2ũ 14)(++.
.ũ 04#ũ !.,4-(!.ũ +ũ !(3 ".ũ / 1 ũ +.2ũ $(-#2ũ +#% +#2ũ /#13(-#-3#2Ĕũ ũ $(-ũ "#ũ 04#ũ "#-31.ũ "#ũ 5#(-3#ũ "~ 2ũ ũ !.-3 12#ũ "#2"#ũ + ũ Ì+3(, ũ /4 +(! !(¢-ũ 2# +#ũ ! 2(++#1.ũ )4"(!( +ũ / 1 ũ 242ũ-.3($(! !(.-#2ēũũ #13($(!.ēıũ , 3.ĔũćČũ"#ũ 8.ũ"#+ũĉćĈĈē (1, ũ +#%( +# ũ 8ũ4-ũ2#++. ĈĒĐĈćĵĒđČČđ
ũ ũ ũ ũ Ėũ Ė ũ ũ ũ ũ ũ Ėũ 1ēũ ũ
ũ ũ
ũ ũ ũ ũ ũ ĸ ũ ũ ũ ũ ũ ũ ũ ũ
Ĺ Ėũ ũ ũ ũ Ĕũ ũ ũ ũ ũ ũ ũ ũ ũ Ėũ
Ėũ 1ēũ Ì+ũ 231.ũ ē ũ .ũćďĈıĉćĈĈē ďĈıĉēćĈĈ
ũ ũ ũ ũ ũ ũ ēıũ .2Ĕũ ĉĎũ "#ũ $# 1#1.ũ "#+ũ ĉēćĈĈēıũ 2ũ Ĉď'Ĉćēıũ Ėũ - ũ 5#9ũ 04#ũ 2#ũ ' ũ !4,/+(".ũ !.-ũ +.ũ "(2/4#23.ũ #-ũ /1.5("#-!( ũ -3#1(.1Ĕũ ũ+ ũ"#, -" ũ/1#2#-ı 3 " ũ /.1ũ #+ũ 1ēũ ũ ũ
ũ
Ĕũ #-ũ ! +(" "ũ "#ũ -" 3 1(.ũ 8ũ 1.!41 ".1ũ 4"(!( +ũ"#ũ ũ ũ ũ ũ ũ ũ ũ ũ
ũ 2#ũ + ũ ! +($(! ũ "#ũ !+ 1 Ĕũ /1#!(2 ũ 8ũ !.,/+#3 ũ /.1ũ 1#4-(1ũ +.2ũ 1#04(2(3.2ũ "#3#1ı ,(- ".2ũ/.1ũ+ ũ #8Ĕũ/.1ũ+.ũ04#ũ2#ũ+ ũ !#/3 ũ ũ 31;,(3#ũ #-ũ )4(!(.ũ .1"(- 1(.ēũ ũ ")Ì-3#2#ũ ũ +.2ũ 43.2ũ+ ũ".!4,#-3 !(¢-ũ04#ũ !.,/ ēũũ ¢,#2#ũ #-ũ !4#-3 ũ + ũ !4 -3~ ũ 8ũ #+ũ ! 2(++#1.ũ )4"(!( +ũ 04#ũ 2# + ũ / 1 ũ -.3($(! !(.-#2ēũ #ũ
ŏ āăŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
āĊ
." ũ+ ũ(-$.1, !(¢-ũ)4"(!( +ũ#-Ė 666ē"#1#!'.#!4 ".1ē!.,
!.-$.1,(" "ũ !.-ũ +.ũ "(2/4#23.ũ /.1ũ #+ũ 13ēũ Ĉćććũ "#+ũ ¢"(%.ũ "#ũ 1.!#"(,(#-3.ũ (5(+ũ (-2!1~ 2#ũ + ũ "#, -" ũ #-ũ #+ũ #%(231.ũ "#ũ + ũ 1./(#" "ũ "#ũ #23 ũ )41(2"(!!(¢-ũ ! -3.ı - +ēũ ~3#2#ũ ũ +.2ũ "#, -" ".2ũ ũ ũ ũ Ĕũ ũ ũ
ũ Ĕũ ũ ũ Ĕũ8ũ ũ+.2ũ'#1#"#1.2ũ/1#24-3.2ũ8ũ"#2ı !.-.!(".2ũ"#ũ+.2ũ".2ũÌ+3(,.2Ĕũ/.1ũ+ ũ/1#-2 Ĕũ #-ũ 4-.ũ "#ũ +.2ũ "( 1(.2ũ 04#ũ 2#ũ #"(3 -ũ #-ũ + ũ !(4" "ũ "#ũ , 3.Ĕũ #-ũ + ũ $.1, ũ /1#5(23 ũ /.1ũ#+ũ 13ēũđĉũ"#+ũ ¢"(%.ũ"#ũ 1.!#"(,(#-3.ũ (5(+Ĕũ/ 1 ũ04#ũ!.-3#23#-ũ"#-31.ũ"#+ũ3_1,(-.ũ "#ũ04(-!#ũ"~ 2ũ"#"4!(#-".ũ+ 2ũ#7!#/!(.-#2ũ 04#ũ !1# -ũ /#13(-#-3#2ũ ).ũ /#1!( (,(#-3.ũ #-ũ1# #+"~ ēıũ 4_-3#2#ũ!.-ũ+ ũ 4 2#!1#3 1~ ũ "#ũ (#11 2ũ 8ũ #$.1, ũ %1 1( Ĕũ !(3;-".2#ũ ũ + ũ 1 ēũ (1#!3.1 ũ (231(3 +ũ #-31.ũ 1(#-3#ũ "#+ũ Ĕũ,#"( -3#ũ"#/1#! 3.1(.ũ ũ4-.ũ"#ũ +.2ũ 2# .1#2ũ )4#!#2ũ "#ũ +.ũ !(5(+ũ "#ũ + ũ !(4" "ũ "#ũ (. , Ĕũ /1.5(-!( ũ "#ũ '(, .1 9.ēũũ ~3#2#ũ8ũ-.3($~04#2#ēıũ$Ĺũ 1ēũ Ì+ũ 231.ũ ēũ
4#9ũ (5(+ũ"#ũ .2ē
.ũ04#ũ ũ ũ423#"#2ũ/ 1 ũ+.2ũ$(-#2ũ"#ũ #8Ĕũ /1#5(-(_-".+#2ũ "#ũ + ũ . +(% !(¢-ũ 04#ũ 3(#-#-ũ "#ũ2# + 1ũ! 2(++#1.ũ)4"(!( +ũ/ 1 ũ242ũ$4341 2ũ -.3($(! !(.-#2ē (1, ũ +#%( +# 1 ēũ + "82ũ +.1#2ũ 4#-, 8.1 8ũ4-ũ2#++. ĈĒĐĈĉĵĒđČďĎ
ũ ũ ũ ũ ũ ũ ũ ũ ē ē ũ ũ ũ ũ ũ Ĕũ ũ ũ ũ ũ ũ ũ ũ ũ
Ĕũ ũ ũ ũ ũ ũ ũ ũ Ĉũ Ĕũ ũ ũ ũ ũ ũ Ĕũ ũ ũ Ĕũ ũ ũ ē ũ ēũđćĊıĉćĈĈı ē Ėũ 2 #+ũ 1!#+(- ũ (++ !~2ũ ¢/#9ũ 8ũ.31.2ē Ėũ 4(2ũ 1,_-("#2ũ 9,( .ũ _1#9ũ8ũ.31.2ē ũ ũ ũ Ėũ .-!#2(¢-ũ "#+ũ #1#!'.ũ"#ũ 2.ũ8ũ %4 2ũ04#ũ/1.5(#-#-ũ"#+ũ ~.ũ - 8 !4Ĕũ4 (! ".2ũ#-ũ+ ũ/ 11.04( ũ -ũ
.2_ũ"#ũ . +¢Ĕũ"#+ũ! -3¢-ũ ~++ 1.Ĕũ 1.5(-!( ũ "#ũ 4-%41 '4 Ĕũ %4 2ũ04#ũ2#1;-ũ43(+(9 " 2ũ / 1 ũ1(#%.Ĕũ!.-ũ4-ũ! 4" +ũ"#ũĐĐũ+ĵ2ē ē ũ ũ ũ ēıũ ũ ũ ũ ēıũ ũ ũ ēıũ , 3.Ĕũ ũĈĎũ"#ũ 1(+ũ"#+ũĉćĈĈēıũ 2ũĈĈ ććēıũ ũ!.-.!(,(#-3.ũ"#ũ+ ũ/1#2#-3#ũ! 42 ũ #-ũ ,(ũ ! +(" "ũ "#ũ ..1"(- ".1ũ #%(.- +ũ #, 1! !(¢-ũ ("1.%1;$(! ũ "#+ũ 23 9 Ĕũ 2#%Ì-ũ + ũ !!(¢-ũ "#ũ /#12.- +ũ .ēũ ĈďćĉĐĉēıũ -ũ+.ũ/1(-!(/ +ũ+ ũ2.+(!(34"ũ"#ũ .-!#2(¢-ũ"#ũ %4 2ũ04#ũ"(2!411#-ũ/.1ũ+ ũ !#04( ũ . ++.Ĕũ 8ũ 04#ũ 2#ũ "# (3 -ũ /.1ũ #+ũ , +ũ Ĉũ +#23(- Ĕũ 4 (! ".ũ#-ũ+ ũ/ 11.04( ũ 4 !'(ũ 1 -"#Ĕũ"#+ũ ! -3¢-ũ , 3.Ĕũ /1#2#-3 " ũ /.1ũ + ũ 2# .1 ũ 2 #+ũ 1!#+(- ũ (++ !~2ũ ¢/#9ũ 8ũ .31.2Ĕũ #2ũ !+ 1 ũ!.,/+#3 ũ8ũ1#Ì-#ũ+.2ũ"#,;2ũ1#04(2(3.2ũ "#ũ +#8ũ /.1ũ +.ũ 04#ũ 2#ũ !#/3 ũ ũ 31;,(3#ēıũ -ũ !.-2#!4#-!( ũ 2#ũ "(2/.-#Ėũ Ĉēıũ ~3#2#ũ ũ +.2ũ 424 1(.2ũ !.-.!(".2ũ .ũ -.Ėũ 2# .1#2ũ 4(2ũ 1,_-("#2ũ 9,( .ũ _1#9Ĕũ 1~ ũ 41.1 ũ /.ũ - +4(2 ũ 8ũ 1~ ũ 4+( ũ -.3. ũ /.Ĕũ ,#"( -3#ũ!.,(2(¢-ũ+( 1 " ũ +ũ2# .1ũ #-(#-3#ũ .+~3(!.ũ"#ũ+ ũ/ 11.04( ũ 4 !'(ũ 1 -"#ėũ8Ĕũ +ũ 2# .1ũ 1#2("#-3#ũ "#+ũ (1#!3.1(.ũ "#ũ %4 2ũ "#ũ + ũ !#04( ũ . ++.Ĕũ ,#"( -3#ũ !.,(2(¢-ũ +( 1 " ũ +ũ 2# .1ũ .,(2 1(.ũ !(.- +ũ "#+ũ -3¢-ũ (2 +#.Ĕũ ũ04(#-#2ũ2#ũ+#2ũ!.-!#"#ũ#+ũ 3_1,(-.ũ"#ũđũ"~ 2ũ/ 1 ũ!.-3#23 1ũ2# + -".ũ ".,(!(+(.ũ +#% +Ĕũ / 1 ũ $4341 2ũ -.3($(! !(.ı -#2ēıũ ĉēıũ ~3#2#ũ ũ +.2ũ 424 1(.2ũ !.-.!(".2ũ .ũ -.ũ /.1ũ + ũ /1#-2 Ĕũ #-ũ 4-.ũ "#ũ +.2ũ "( 1(.2ũ +ũ #1 +".ũ .ũ ũ .1 ũ 04#ũ 2#ũ #"(3 -ũ #-ũ #23 ũ !(4" "ũ"#ũ , 3.ũ,#"( -3#ũ+ ũ/4 +(! !(¢-ũ "#ũ 4-ũ #731 !3.ũ "#ũ #23 ũ /#3(!(¢-ũ 8ũ #23 ũ /1.5("#-!( Ĕũ /.1ũ 31#2ũ 5#!#2Ĕũ ,#"( -".ũ "#ũ 4- ũ ũ.31 ũ#+ũ/+ 9.ũ"#ũđũ"~ 2ũ"#ũ!.-$.1,(" "ũ !.-ũ #+ũ 13ēũ đĐũ "#ũ + ũ #8ũ "#ũ %4 2ēıũ Ċēıũ 4#ũ 2#ũ !(3#ũ ũ +.2ũ 424 1(.2ũ !.-.!(".2ũ .ũ -.ũ /.1ũ ! 13#+#2ũ 04#ũ 2#ũ $() 1;-ũ #-ũ 31#2ũ "#ũ +.2ũ / 1 )#2ũ ,;2ũ $1#!4#-3 ".2ũ "#ũ + ũ / 11.04( ũ 4 !'(ũ 1 -"#Ĕũ,#"( -3#ũ!.,(2(¢-ũ+( 1 " ũ +ũ 2# .1ũ #-(#-3#ũ .+~3(!.ũ "#ũ + ũ (-"(! " ũ / 11.04( ēıũ ũ "#2(%- !(¢-ũ "#ũ #1(3.ũ 2#ũ + ũ ' 1;ũ ./.134- ,#-3#ēıũ ũ _-% 2#ũ #-ũ !4#-3 ũ + ũ "#2(%- !(¢-ũ "#ũ 1.!41 ".1 ũ .,Ì-ũ 04#ũ ' !#-ũ +.2ũ !.,/ 1#!(#-3#2ũ #-ũ + ũ /#12.- ũ "#ũ + ũ 2# .1 ũ 2 #+ũ 1!#+(- ũ (++ !~2ũ
¢/#9Ĕũ!.-ũ04(#-ũ2#ũ!.-3 1;ũ#-ũ+.ũ/.23#1(.1ũ #-ũ #+ũ ".,(!(+(.ũ 2# + ".ēıũ ¢,#2#ũ -.3 ũ "#ũ + ũ 43.1(9 !(¢-ũ !.-$#1(" ũ +ũ .% ".ũ #$#-2.1ēıũ %1_%4#2#ũ + ũ ".!4,#-3 !(¢-ũ ")4-3 Ĕũ "#2%+¢2#2#ũ + ũ ,(2, Ĕũ 8ũ "#) -".ũ !./( 2ũ #-ũ 43.2Ĕũ "#54_+5 2#ũ +.2ũ .1(%(- ı +#2ēıũ #ũ 2#-3 1;ũ + ũ 1 9¢-ũ !.11#2/.-"(#-3#ēıũũ .1ũ 42#-!( ũ "#+ũ #!1#3 1(.ũ (34+ 1Ĕũ !3Ì#ũ !.,.ũ #!1#3 1(.ũ #+ũ (!ēũ 1+.2ũ 13~-#9ēıũ ēıũ $Ĺũ -%ēũ 4(2ũ + 9 1ũ . / -3 Ĕũ ..1"(- ".1ũ #%(.- +ũ "#, 1! ı !(¢-ũ ("1.%1;$(! ũ"#+ũ 23 9 ēıũ!#-31.ũ .- +ũ , 3.ēıũ (%4#ũ!#13($(! !(¢-ēıũ ũ ũ ũ ũ ũ ũ ũ ēıũ ũ ũ ēıũ , 3.Ĕũ ũćĉũ"#ũ 8.ũ "#+ũĉćĈĈēıũ 2ũĈć Čćēıũ #-31.ũ"#+ũ#7/#"(#-ı 3#ũ"#ũ .-!#2(¢-ũ .ēũđćĊıĉćĈĈı Ĕũ %1_%4#2#ũ #+ũ #2!1(3.ũ /1#2#-3 ".ũ /.1ũ 2 #+ũ 1!#+(- ũ (++ !~2ũ ¢/#9Ĕũ #-ũ ! +(" "ũ "#ũ 1.!41 ".1 ũ .,Ì-Ĕũ #-ũ 3#-!(¢-ũ +ũ !4 +Ĕũ !~3#2#ũ !.-ũ + ũ 2.+(!(34"ũ (-(!( +Ĕũ _23#ũ #2!1(3.ũ 8ũ /1.5("#-ı !( 2ũ 1#! ~" 2Ĕũ ũ +.2ũ 2# .1#2ũ 1#2("#-3#ũ "#+ũ (1#!3.1(.ũ"#ũ %4 2ũ"#ũ+ ũ !#04( ũ . ++.ũ8ũ ũ+ ũ2# .1 ũ 1~ ũ 4+( ũ -.3. ũ /.Ĕũ#-ũ+.2ũ +4% 1#2ũ 04#ũ 2#ũ (-"(04#ēıũ %4 +,#-3#ũ / 1 ũ + ũ $() !(¢-ũ "#ũ ! 13#+#2ũ 8ũ /4 +(! !(¢-ũ /.1ũ + ũ /1#-2 ēıũ ēıũ$Ĺũ -%ēũ 4(2ũ + 9 1ũ . / -3 Ĕũ ..1"(- ".1ũ #%(.- +ũ "#, 1! ı !(¢-ũ ("1.%1;$(! ũ"#+ũ 23 9 ēıũ!#-31.ũ .- +ũ , 3.ēıũ (%4#ũ!#13($(! !(¢-ē
.ũ 04#ũ !.,4-(!.ũ +ũ /Ì +(!.ũ #-ũ %#-#1 +ũ / 1 ũ +.2ũ $(-#2ũ "#ũ +#8ũ !.-2(%4(#-3#2Ĕũ /1#5(ı -(_-".+#2ũ "#ũ + ũ . +(% !(¢-ũ 04#ũ 3(#-#-ũ "#ũ 2# + 1ũ ".,(!(+(.ũ +#% +ũ "#-31.ũ "#+ũ /#1~,#ı 31.ũ 41 -.ũ "#ũ _23 ũ %#-!( Ĕũ / 1 ũ $4341 2ũ -.3($(! !(.-#2ē (1, ũ +#%( +#
(!ēũ 1+.2ũ 13~-#9 ũĸ Ĺ 8ũ4-ũ2#++. ĈĒĎĒĎĵĒĐĒĊć 44
ũ ũ ũ ũ ũ ũ ē ē ũ ũ ũ ũ ũ Ĕũ ũ ũ ũ ũ ũ ũ
ũ ũ ũ Ĕũ ũ ũ ũ ũ ũ ũ ũ Ĕũ ũ ũ ũ ũ ũ ũ Ĕũ ũ ũ Ĕũ ũ ũ ē ũ ũđććıĉćĈĈı ē Ėũ ,#+" ũ 1(+ũ 4#- .ũ +.1#2ē Ėũ 1, -".ũ +(_!#1ũ ,.1 ũ +#-!( ũ8ũ.31.ē ũ ũ ũ Ėũ .-!#2(¢-ũ "#+ũ #1#!'.ũ "#ũ 2.ũ 8ũ /1.5#!' ,(#-3.ũ "#ũ %4 2ũ 04#ũ "(2!411#-ũ /.1ũ + ũ !#04( ũ 2(,(1.ũ 9,( .Ĕũ 8ũ 04#ũ 2#ũ "# (3 -ũ /.1ũ #+ũ ¢5 +.ũ ' ! /4-%.Ĕũ 4 (! ".ũ #-ũ + ũ / 11.04( ũ 4 -ũ #-(%-.ũ #+ Ĕũ "#+ũ ! -3¢-ũ , 3.Ĕũ 1.5(-!( ũ"#ũ 4-%41 '4 Ĕũ %4 2ũ 04#ũ 2#1;-ũ 43(+(9 " 2ũ / 1 ũ 1(#%.Ĕũ !.-ũ 4-ũ ! 4" +ũ"#ũČćũ+ĵ2ē ē ũ ũ ũ ēıũ ũ ũ ũ ēıũ ũ ũ ēıũ , 3.Ĕũ ũ Ĉĉũ "#ũ 1(+ũ "#+ũ ĉćĈĈēıũ 2ũ ĈĊ Ďćēıũ ũ!.-.!(,(#-3.ũ"#ũ+ ũ/1#ı 2#-3#ũ! 42 ũ#-ũ,(ũ! +(" "ũ"#ũ ..1"(- ".1ũ #%(.- +ũ #, 1! !(¢-ũ ("1.%1;$(! ũ "#+ũ 23 9 Ĕũ2#%Ì-ũ+ ũ !!(¢-ũ"#ũ/#12.- +ũ .ēũ ĈďćĉĐĉēıũ -ũ +.ũ /1(-!(/ +ũ + ũ 2.+(!(34"ũ "#ũ .-!#2(¢-ũ "#ũ %4 2ũ 04#ũ "(2!411#-ũ /.1ũ
+ ũ !#04( ũ 2(,(1.ũ 9,( .Ĕũ 8ũ 04#ũ 2#ũ "# (3 -ũ/.1ũ#+ũ¢5 +.ũ ' ! /4-%.Ĕũ4 (! ".ũ #-ũ + ũ / 11.04( ũ 4 -ũ #-(%-.ũ #+ Ĕũ "#+ũ ! -3¢-ũ , 3.Ĕũ /1#2#-3 " ũ /.1ũ + ũ 2# .1 ũ ,#+" ũ 1(+ũ 4#- .ũ +.1#2Ĕũ#2ũ!+ 1 ũ!.,ı /+#3 ũ 8ũ 1#Ì-#ũ +.2ũ "#,;2ũ 1#04(2(3.2ũ "#ũ +#8ũ /.1ũ +.ũ 04#ũ 2#ũ !#/3 ũ ũ 31;,(3#ēıũ -ũ !.-2#ı !4#-!( ũ2#ũ"(2/.-#ĖũĈēıũ ~3#2#ũ ũ+.2ũ424 1(.2ũ !.-.!(".2ũ .ũ -.Ėũ 2# .1ũ 1, -".ũ +(_!#1ũ ,.1 ũ +#-!( Ĕũ,#"( -3#ũ!.,(2(¢-ũ+( 1 ı " ũ +ũ 2# .1ũ #-(#-3#ũ .+~3(!.ũ "#ũ + ũ / 11.ı 04( ũ -3 ũ .2 ėũ 8Ĕũ +ũ 2# .1ũ 1#2("#-3#ũ "#ũ (1#!3.1(.ũ"#ũ %4 2ũ"#ũ+ ũ !#04( ũ 2(,(1.ũ 9,( .Ĕũ #-ũ #+ũ +4% 1ũ 04#ũ 2#ũ (-"(04#Ĕũ ũ 04(#-#2ũ2#ũ+#2ũ!.-!#"#ũ#+ũ3_1,(-.ũ"#ũđũ"~ 2ũ / 1 ũ !.-3#23 1ũ 2# + -".ũ ".,(!(+(.ũ +#% +Ĕũ / 1 ũ $4341 2ũ -.3($(! !(.-#2ēıũ ĉēıũ ~3#2#ũ ũ +.2ũ 424 1(.2ũ !.-.!(".2ũ .ũ -.ũ /.1ũ + ũ /1#-2 Ĕũ #-ũ4-.ũ"#ũ+.2ũ"( 1(.2ũ +ũ #1 +".ũ.ũ ũ .1 ũ 04#ũ 2#ũ #"(3 -ũ #-ũ #23 ũ !(4" "ũ "#ũ , 3.ũ ,#"( -3#ũ + ũ /4 +(! !(¢-ũ "#ũ 4-ũ #731 !3.ũ "#ũ #23 ũ /#3(!(¢-ũ 8ũ #23 ũ /1.5("#-!( Ĕũ /.1ũ 31#2ũ 5#!#2Ĕũ,#"( -".ũ"#ũ4- ũ ũ.31 ũ#+ũ/+ 9.ũ"#ũ đũ"~ 2ũ"#ũ!.-$.1,(" "ũ!.-ũ#+ũ 13ēũđĐũ"#ũ+ ũ
#8ũ"#ũ %4 2ēıũĊēıũ 4#ũ2#ũ!(3#ũ ũ+.2ũ424 1(.2ũ !.-.!(".2ũ .ũ -.ũ /.1ũ ! 13#+#2ũ 04#ũ 2#ũ $() 1;-ũ #-ũ31#2ũ"#ũ+.2ũ/ 1 )#2ũ,;2ũ$1#!4#-3 ".2ũ"#ũ + ũ / 11.04( ũ 4 -ũ #-(%-.ũ #+ Ĕũ ,#"( -3#ũ !.,(2(¢-ũ +( 1 " ũ +ũ 2# .1ũ #-(#-3#ũ .+~3(!.ũ "#ũ+ ũ(-"(! " ũ/ 11.04( ēıũ ũ"#2(%- !(¢-ũ"#ũ #1(3.ũ2#ũ+ ũ' 1;ũ./.134- ,#-3#ēıũ _-% 2#ũ #-ũ #+ũ ".,(!(+(.ũ 2# + ".ũ 8ũ + ũ 43.1(9 !(¢-ũ !.-$#1(" ũ +ũ .% ".ũ #$#-2.1ēıũ %1_%4#2#ũ + ũ ".!4,#-3 !(¢-ũ ")4-3 Ĕũ "#2%+¢2#ı 2#ũ + ũ ,(2, Ĕũ 8ũ "#) -".ũ !./( 2ũ #-ũ 43.2Ĕũ "#54_+5 2#ũ +.2ũ .1(%(- +#2ēıũ #ũ 2#-3 1;ũ + ũ 1 9¢-ũ !.11#2/.-"(#-3#ēıũ .1ũ 42#-!( ũ "#+ũ #!1#3 1(.ũ (34+ 1Ĕũ !3Ì#ũ !.,.ũ #!1#3 1(.ũ #+ũ (!ēũ 1+.2ũ 13~-#9ēıũ ēıũ$Ĺũ -%ēũ 4(2ũ + 9 1ũ . / -3 Ĕũ ..1"(- ".1ũ #%(.- +ũ "#, 1! !(¢-ũ ("1.%1;$(! ũ "#+ũ 23 9 ēıũ !#-31.ũ .- +ũ , 3.ēıũ (%4#ũ !#13($(! !(¢-ēı
.ũ 04#ũ !.,4-(!.ũ +ũ /Ì +(!.ũ #-ũ %#-#1 +ũ / 1 ũ +.2ũ $(-#2ũ "#ũ +#8ũ !.-2(%4(#-3#2Ĕũ /1#5(ı -(_-".+#2ũ "#ũ + ũ . +(% !(¢-ũ 04#ũ 3(#-#-ũ "#ũ 2# + 1ũ ".,(!(+(.ũ +#% +ũ "#-31.ũ "#+ũ /#1~,#ı 31.ũ 41 -.ũ "#ũ _23 ũ %#-!( Ĕũ / 1 ũ $4341 2ũ -.3($(! !(.-#2ē (1, ũ +#%( +#
(!ēũ 1+.2ũ 13~-#9 ũĸ Ĺ 8ũ4-ũ2#++. ĈĒĎĒĐĵĒĐĒĊĈ 44
ũ ũ ũ ¡ ũ ũ ũ ¡ ē ũ ũ ũ ũ ũ Ĕũ ũ ũ ũ ũ ũ Ĕũ ũ ũ ũ ũ ũ ēũ ũ Ĕũ ũ
Ĕũ ũ ũ ũ Ĕũ ũ ¡ ũ Ĕũ ũ ũ ē ũ ũ ČćıĉćĈĈı ē Ėũ ēũ 1#""8ũ 26 +".ũ 15;#9ũ .,#9!.#++.Ĕũ #-ũ 24ũ ! +(" "ũ "#ũ (1#!3.1ũ "#ũ + ũ 2!4#+ ũ "#ũ .1, !(¢-ũ "#ũ .+" ".2ũ "#+ũ )_1!(3.ē Ėũ -%ēũ (+3.-ũ ¢/#9 ũ ũ ũ ¡ Ėũ .-!#2(¢-ũ "#+ũ #1#!'.ũ "#ũ 2.ũ 8ũ /1.5#!' ,(#-3.ũ "#ũ %4 2Ĕũ"#ũ5 1( 2ũ #13(#-3#2Ĕũ4 (! " 2ũ#-ũ+.2ũ 3#11#-.2ũ"#+ũ -%ēũ (+3.-ũ ¢/#9Ĕũ"#ũ+ ũ/ 11.ı 04( ũ 9 , Ĕũ"#+ũ! -3¢-ũ , 3.Ĕũ %4 2ũ04#ũ 2#1;-ũ 43(+(9 " 2ũ / 1 ũ 42.ũ ".,#23(!.ũ #-ũ + ũ 2!4#+ ũ"#ũ .1, !(¢-ũ"#ũ .+" ".2Ĕũ!.-ũ4-ũ ! 4" +ũ"#ũĈćũĈĵ2ē ũ ũ ũ ēıũ ¡ ũ ũ ũ ũ ũ ũ ēıũ , 3.Ĕũ ũćĐũ"#ũ 1(+ũ"#+ũĉćĈĈēıũ+ 2ũĈć ĊĎēıũ ēıũ -ũ +.ũ /1(-!(/ +ũ + ũ 2.+(!(34"ũ "#ũ .-!#2(¢-ũ"#ũ %4 2ũ04#ũ"(2!411#-ũ/.1ũ4- ũ #13(#-3#ũ 4 (! " ũ #-ũ #+ũ 3#11#-.ũ "#+ũ 2# .1ũ -%ēũ (+3.-ũ ¢/#9Ĕũ #-ũ + ũ / 11.04( ũ 9 , Ĕũ "#+ũ ! -3¢-ũ , 3.Ĕũ /1#2#-3 " ũ /.1ũ #+ũ 2# .1ũ ēũ 1#""8ũ 26 +".ũ 15;#9ũ .,#9!.#++.Ĕũ #2ũ !+ 1 ũ !.,/+#3 ũ 8ũ 1#Ì-#ũ +.2ũ "#,;2ũ 1#04(2(3.2ũ "#ũ +#8ũ /.1ũ +.ũ 04#ũ 2#ũ !#/3 ũ ũ 31;,(3#ēıũ -ũ !.-2#!4#-!( ũ 2#ũ "(2/.-#ĖũĈēıũ (3 2#ũ ũ+.2ũ424 1(.2ũ!.-.!(".2ũ .ũ-.Ėũ2# .1ũ -%ēũ (+3.-ũ 5;-ũ ¢/#9ũ 11(% Ĕũ #-ũ #+ũ +4% 1ũ 04#ũ 2#ũ (-"(04#Ĕũ ũ 04(#-ũ 2#ũ +#ũ !.-!#"#ũ#+ũ3_1,(-.ũ"#ũđũ"~ 2ũ/ 1 ũ!.-3#2ı 3 1ũ 2# + -".ũ ".,(!(+(.ũ +#% +Ĕũ / 1 ũ $4341 2ũ -.3($(! !(.-#2ēıũ ĉēıũ (3 2#ũ ũ +.2ũ 424 1(.2ũ !.-.!(".2ũ .ũ -.ũ /.1ũ + ũ /1#-2 Ĕũ #-ũ 4-.ũ "#ũ +.2ũ "( 1(.2ũ #+ũ #1 +".ũ .ũ ũ .1 ũ 04#ũ 2#ũ #"(3#-ũ #-ũ #23 ũ !(4" "ũ "#ũ , 3.ũ ,#"( -ı 3#ũ + ũ /4 +(! !(¢-ũ "#ũ 4-ũ #731 !3.ũ "#ũ #23 ũ /#3(!(¢-ũ8ũ#23 ũ/1.5("#-!( Ĕũ/.1ũ31#2ũ5#!#2Ĕũ ,#"( -".ũ"#ũ4- ũ ũ.31 ũ#+ũ/+ 9.ũ"#ũđũ"~ 2ũ "#ũ!.-$.1,(" "ũ!.-ũ#+ũ 13ēũđĐũ"#ũ+ ũ #8ũ"#ũ %4 2ēıũĊēıũ 4#ũ2#ũ!(3#ũ ũ+.2ũ424 1(.2ũ!.-.ı !(".2ũ .ũ -.ũ /.1ũ ! 13#+#2ũ 04#ũ 2#ũ $() 1;-ũ #-ũ 31#2ũ"#ũ+.2ũ/ 1 )#2ũ,;2ũ$1#!4#-3 ".2ũ"#ũ+ ũ / 11.04( ũ 9 , Ĕũ,#"( -3#ũ!.,(2(¢-ũ+( 1 ı " ũ +ũ2# .1ũ3#-(#-3#ũ/.+~3(!.ũ"#ũ+ ũ(-"(! " ũ / 11.04( ũ ēıũ ũ "#2(%- !(¢-ũ "#ũ #1(3.ũ 2#ũ + ũ ' 1;ũ ./.134- ,#-3#ēıũ _-% 2#ũ #-ũ !4#-3 ũ #+ũ".,(!(+(.ũ2# + ".ũ8ũ+ ũ 43.1(9 !(¢-ũ!.-ı $#1(" ũ +ũ .% ".ũ #$#-2.1ēıũ %1_%4#2#ũ+ ũ ".!4,#-3 !(¢-ũ ")4-3 ēıũ ēıũ$Ĺũ -%ēũ 4(2ũ + 9 1ũ . / -3 Ĕũ ..1"(- ".1ũ #%(.- +ũ ũ "#, 1! !(¢-ũ ("1.%1;$(! ũ "#+ũ 23 9 ēıũ !#-31.ũ .- +ũ , 3.ēıũ (%4#ũ !#13($(! !(¢-ēı
.ũ 04#ũ !.,4-(!.ũ +ũ /Ì +(!.ũ #-ũ %#-#1 +ũ / 1 ũ +.2ũ $(-#2ũ "#ũ +#8ũ !.-2(%4(#-3#2Ĕũ /1.ı 5(-(_-".+#2ũ "#ũ + ũ . +(% !(¢-ũ 04#ũ 3(#-#ũ "#ũ 2# + 1ũ ".,(!(+(.ũ +#% +ũ "#-31.ũ "#+ũ /#1~,#ı 31.ũ 41 -.ũ "#ũ _23 ũ %#-!( Ĕũ / 1 ũ $4341 2ũ -.3($(! !(.-#2ē (1, ũ +#%( +#
(!ēũ 1+.2ũ 13~-#9 ũĸ Ĺ 8ũ4-ũ2#++. ĈĒďĈĒĵĒđĊĊĒ
ũ ũ
ũ
ũ ../#1 3(5 ũ "#ũ '.11.ũ 8ũ 1_"(3.ũ -ũ 1 -!(2!.ũ 3" Ĕũ !.,4-(! ũ +ũ /Ì +(!.ũ (-3#1#2 ".ũ 04#ũ 2#ũ ' ũ /#1"(".ũ #+ũ !#13($(ı ! ".ũ "#ũ "#/¢2(3.ũ ũ /+ 9.ũ ũ + ũ .1"#-ũ "#ũ ũ ũ ũ ũ Ĕũ /.13 ".1ũ "#ũ + ũ !_"4+ ũ "#ũ !(4" " -~ ũ ĈđććĈĐćĈđıĊĔũ 1 !3#1(9 ".ũ !.-ũ #+ũ .ēũ ĈĈĒĉČćĔũ #,(3(".ũ /.1ũ -4#231 ũ (-23(34!(¢-ũ #+ũ ĉĐĵćđĵĉćĈćĔũ !.-ũ 5#-!(ı ,(#-3.ũ +ũ ĉďĵĈĈĵĉćĈćĔũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ććĵĈććēũ - ũ 5#9ũ 31 -2ı !411(".2ũ 31#(-3 ũ "~ 2ũ !.-3 ".2ũ "#2"#ũ #23 ũ /4 +(! !(¢-Ĕũ "#ũ -.ũ ' #1ũ 04(#-ũ 2#ũ ./.-% Ĕũ + ũ ../#1 3(5 ũ /1.!#"#1;ũ ũ -4+ 1ũ #+ũ 3~34+.ũ 8ũ#,(3(1ũ#+ũ"4/+(! ".ũ1#2/#!3(5.ēũ , 3.ĔũĈĈũ "#ũ, 8.ũ"#ũĉćĈĈē #1#-3#ũ #-#1 + ũ ũ ũ ē ŇĒđČČĒ 44
ũ ũ ũ ũ
ũ ũ ũ ũ !.,4ı -(! ũ 04#ũ /.1ũ ' #12#ũ #731 5( ".ũ + ũ +( 1#3 ũ .ēũćĈĊćĊĈĉĈđĊũ/#13#-#!(#-3#ũ ũ ũ ũ ũ 2#ũ /1.!#"#ũ ũ 24ũ -4ı + !(¢-ē ŇĒđČĎć
Ĺ? Ĺ? Ĺ? Ĺ?
Ä‚Ä€ Ä‚Ä‚
Ĺ? Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ĺ?
Ĺ? +. Ĺ?
(#,/.ĹŠ/ 1 ĹŠ3.".
-Ŋ+ Ŋ5(" Ŋ' 8Ŋ4-Ŋ3(#,/.Ŋ/ 1 Ŋ3.".ĔŊ/ 1 Ŋ- !#1ĔŊ / 1 Ŋ ",(1 1Ŋ3.".Ŋ+.Ŋ'#1,.2.Ŋ04#Ŋ-.2Ŋ1."# ĔŊ/ 1 Ŋ /1#-"#1Ŋ"#Ŋ-4#231.2Ŋ#11.1#2ĔŊ/ 1 Ŋ++.1 1Ŋ8Ŋ/ 1 Ŋ 2.-1#~1ĔŊ+.Ŋ(,/.13 -3#Ŋ#2Ŋ04#Ŋ-.Ŋ-.2Ŋ "#+ -3#,.2Ŋ8Ŋ 2#/ ,.2Ŋ#2/#1 1Ŋ/.1Ŋ! " Ŋ4-.Ŋ"#Ŋ#2.2Ŋ,.,#-3.2ē
4#11 ĹŠ8ĹŠ/ 9
ŋ0#)& ( # ŋ3ŋ& ŋ / ,, ŋ-)(ŋ& ŋ *,#( #* &ŋ'/ -., ŋ ŋ#( * # ŋ * , ŋ, -)&0 ,ŋ*,) & ' -ŋ ŋ& -ŋ * ,-)( -ŋ3ŋ& -ŋ( #)( -Ąŋ ŋ* 4ŋ -# '*, ŋ- ,6ŋ/( ŋ' $),ŋ)* #š(Ą
+ĹŠ%41ĂŒĹŠĹŠ $ + 9 !#1+.ĹŠ8ĹŠ ' !#1+.ĹŠ (#@[i‘i jhWXW`WXW [d kdW [cfh[# iW Z[iZ[ ^WY‡W + W‹ei" dkdYW ^WX‡W i_Ze Wced[ijWZe" o Ykc# fb‡W ik jhWXW`e Yed dehcWb_ZWZ$ 9_[hje Z‡W" [djhÂŒ W bW eĂ’Y_dW Z[b =[h[dj[ fWhW ^WY[hb[ kd h[YbW# ce0 I[‹eh0 jhWXW`e [d bW [c# fh[iW Z[iZ[ ^WY[ + W‹ei" f[he i_[dje gk[ de ^[ i_Ze jecWZe [d Yk[djW fWhW bWi fheceY_e# d[i o WiY[diei$ C_ YecfW‹[he HWcÂŒd _d]h[iÂŒ ^WY[ iÂŒbe ' W‹e o oW ^W i_Ze fhecel_Ze W Ik# f[hl_ieh$ ;b =[h[dj[" Yed Y_[hjW fh[# eYkfWY_ÂŒd" b[ Z_`e0 # @[i‘i" Wdj[i Z[ h[ifedZ[hj[ W jk fh[]kdjW" gk_i_[hW gk[ c[ WokZ[i W h[iebl[h kd f[gk[‹e fheXb[cW0 gk_[he ZWh \hkjW [d [b Wbck[hpe$ ;d bW YWbb[ ^Wo kd YWc_ÂŒd gk[ l[dZ[ \hkjWi" o gk[ i[ fWhW i_[cfh[ Wb \h[dj[$ 7l[# h_]kW i_ j_[d[d \hkjWi \h[iYWi$ @[i‘i i[ [ic[hÂŒ [d Ykc# fb_h bW jWh[W" o W bei + c_dkjei [ijWXW Z[ h[]h[ie$ # I[‹eh0 j_[# d[d dWhWd`Wi fWhW bW l[djW$ # O ÂľYk|dje Yk[ijWd5 # :_iYkbf[$ De fh[]kdjƒ$ # De _cfehjW$ ÂľL_ij[i i_ ^W# X‡Wd ikĂ’Y_[dj[i dWhWd`Wi fWhW ZWhb[ W jeZei WY| [d bW eĂ’Y_dW5 # De c[ Z_ Yk[djW$ O jWcfe# Ye fh[]kdjƒ$ # Âľ>Wo Wb]kdW ejhW \hkjW" feh i_ ^Wo f[hiedWi gk[ de Yec[d dWhWd`W5 # De be iƒ" i[‹eh$ F[he Yh[e gk[$$$ # I_ƒdjWj[ kd cec[dje" @[iki$ ;b =[h[dj[ jecÂŒ [b _d# j[hYeckd_YWZeh o b[ [dYWh]ÂŒ W HWcÂŒd" [b YecfW‹[he Z[ @[i‘i" bW c_icW jWh[W$ 7 bei '& c_dk# jei bb[]ÂŒ HWcÂŒd$ # 8_[d HWcÂŒd" Âľgkƒ dej_# Y_W c[ jhW[i5 # I[‹eh" [d [ij[ cec[dje [ij|d l[dZ_[dZe dWhWd`Wi" bWi ikĂ’Y_[dj[i fWhW Wj[dZ[h W jeZe [b f[hiedWb" f[he i_ fh[Ă’[h[" [d c[Z_W ^ehW lWd W XkiYWh c[bed[i o cWd]ei$ 7gk‡ j_[d[ bW b_ijW Z[ bei fh[# Y_ei Z[ YWZW \hkjW" o c[ Z_Y[d gk[ i_ YecfhWcei [d ]hWdZ[i YWdj_ZWZ[i" dei ZWh|d kd Xk[d Z[iYk[dje$ :[`ƒ WfWhjWZWi bWi dWhWd`Wi" f[he i_ kij[Z [iYe][ ejhW \hkjW" Z[Xe h[]h[iWh fWhW h[Yj_Ă’YWh [b f[Z_Ze$ # CkY^Wi ]hWY_Wi" HWcÂŒd$ ;djedY[i i[ Z_h_]_ÂŒ W @[iki" gk[ W‘d i[]k‡ Wbb‡" o b[ Z_`e0 # :_iYkbfW @[i‘i" Âľ[d gkƒ [ij|XW# cei5 # ;d dWZW i[‹eh$ 9ed ik f[hc_ie$$$
().Ä”ĹŠÄ ,(ĹŠ5~!3(, Ä&#x; ".+ 31 -ĹŠ ,(%.2ĔŊ /#1.ĹŠ5(5#-ĹŠ#-!.-Äą 31 -".ĹŠ"#$#!3.2ĹŠ#-ĹŠ +.2ĹŠ/ "1#2Ä“ĹŠ 23.ĹŠ#2ĹŠ ,48ĹŠ!.3("( -.Ä“
Oe c[ fh[]kdjWh‡W o fbWdjWh‡W bW i_]k_[dj[ fh[]kdjW0 ÂľYÂŒce [Zkgkƒ e [ijeo [ZkYWdZe W c_i ^_`ei5 ÂľGkƒ lWbeh[i _dYkbYe e _dYkbgkƒ W c_i ^_# `ei5 7 bei `ÂŒl[d[i Z[ [ij[ i_]be ^Wo gk[ bbWcWhbei lWh_Wi l[Y[i [d bW cW‹WdW fWhW bb[lWhbei W bW [iYk[bW o" Z_]e bb[lWhbei" fehgk[ de j_[d[d gk[ jecWh [b Xki e YWc_dWh bWh]k‡# i_cWi Z_ijWdY_Wi fWhW bb[]Wh W [bbW$ I[ b[lWdjWd ][d[hWbc[dj[ _hh_# jWZei fehgk[ i[ WYk[ijWd cko jWhZ[" l_[dZe j[b[l_i_ÂŒd feh YWXb[" `k]WdZe fbWoijWj_ed" ^WXbWdZe e [dl_WdZe c[diW`[i feh j[bƒ\ede e Y^Wj[WdZe feh bW ?dj[hd[j$ De i[ eYkfWd Z[ gk[ ik hefW [ijƒ b_cf_W o ckY^e c[dei [d fed[h kd Z[Ze [d dWZW$ J_[d[d bei `k[]ei o [gk_fei Z_]_jWb[i c|i ceZ[hdei Z[b c[hYWZe" ?feZ" XbWY# aX[hho o YecfkjWZehW de fk[Z[d \WbjWh" Yece jWcfeYe [b fW]e feh ik WYjkWb_pWY_ÂŒd$ >eo bei ^_`ei" ckY^Wi l[Y[i i_d c[h[Y[hbe" fh[ikc[d [b Y[bkbWh c|i del[Zeie$ ?ZebWjhWd Wc_]ei o W \Wbiei f[hiedW`[i \WhWdZkb[hei" f[he l_# l[d [dYedjh|dZeb[ Z[\[Yjei W bei fWZh[i" W gk_[d[i WYkiWd W Z_Wh_e Z[ gk[ iki _Z[Wi o cƒjeZei [ij|d fWiWZei Z[ ceZW$ I[ Y_[hhWd Wkjec|j_YWc[dj[ W gk_[d b[i ^WXb[ Z[ cehWb" ^edeh o Xk[dWi YeijkcXh[i" o ckY^e c[dei Z[ h[b_]_ÂŒd$ Be Yedi_Z[hWd WXkhh_Ze$ OW iWX[d jeZe o" be gk[ de ÂśBe YedikbjWd [d ?dj[hd[j Dei WiecXhWcei fehgk[ bei i_YWh_ei YeXhWd YkejWi i_d jhWXW`Wh feh [bbWi" YkWdZe W dk[ijhei ^_`ei bei WYeijkcXhWcei W ZWhb[i jeZe _dYbkie ik YkejW i[cWdWb e c[d#
ikWb" i_d gk[ l[hZWZ[hWc[dj[ jhW# XW`[d feh [bbW" o jeZWl‡W i[ gk[`Wd fehgk[ [ie de c[ WbYWdpW$ I_ ied [ijkZ_Wdj[i" i_[cfh[ _dl[djWd jhWXW`ei Z[ [gk_fe e fW# i[ei Z[ YWcfe" gk[ be c[dei gk[ kde ieif[Y^W [i gk[ h[]h[iWh|d Yed kd [cXWhWpe" ^WX_[dZe fhe# XWZe ƒnjWi_i" YeYW" cWh_^kWdW e YkWdZe c‡d_ce WbYe^eb_pWZei$ O YkWdZe b[i [n_][i be c|i c‡# d_ce [d [b ^e]Wh e [d bW [iYk[bW" b[`ei Z[ i[h W]hWZ[Y_Zei j[ Yedj[i# jWd Yed Z[i\WY^Wj[p0 Æoe de f[Z‡ dWY[hÇ" Æ[i jk eXb_]WY_ÂŒd cWdj[# d[hc[Ç e Ægk_ƒd b[i cWdZW WdZWh Z[ YWb_[dj[iÇ$ :[Ă’d_j_lWc[dj[ [ijWcei `eZ_# Zei" fk[i bW jWiW Z[ gk[ ^W]Wd ik l_ZW _dZ[f[dZ_[dj[ i[ Wb[`W YWZW l[p c|i" fk[i W‘d ]hWZkWZei o Yed jhWXW`e ^Wo gk[ i[]k_hbei cWdj[d_[dZe" fW]|dZeb[i Z[kZWi" i[hl_Y_ei o ^WijW bei fWhjei Z[ iki ^_`ei$ 9ed be Wdj[h_eh" c[ h[Ă’[he W kd [ijkZ_e gk[ _dZ_YW gk[ [ij[ fheXb[cW [i cWoeh [d Y^_Yei Z[ bW ieY_[ZWZ Z[ YbWi[ c[Z_W e c[Z_W WbjW e Z[ YWfWi c[Z_Wi khXWdWi " gk[ X_[d fkZ_[hWd [ijWh [djh[ bei '* o bei (. W‹ei" i_ [i Yehh[Yje (. W‹ei e c|i Âľbe fk[Z[d Yh[[h5 o gk[ fWhW Wgk[bbei fWZh[i gk[ j_[d[d Z[ Zei W YkWjhe ^_`ei Yedij_jko[d kd l[hZWZ[he Zebeh Z[ YWX[pW$ Âľ;djedY[i [d gkƒ [ijWcei \W# bbWdZe5 Oe iƒ" Z_h|d gk[ bei j_[c# fei o bWi efehjkd_ZWZ[i ied Z_\[# h[dj[i" fk[i fWhW bei dWY_Zei [d bei W‹ei YkWh[djW o Y_dYk[djW" [b eh]kbbe h[_j[hWZe [hW b[lWdjWhi[ Z[ cWZhk]WZW W ehZ[‹Wh bWi lWYWi Yed [b WXk[be1 gk[ j[d‡Wd gk[ WokZWh W b_cf_Wh bW YWiW1 de i[ \hkijhWXWd feh de j[d[h l[^‡Ykbe" WdZWXWd W f_[ W ZedZ[ \k[hW" i_[cfh[ bkijhW# XWd iki pWfWjei" bei [ijkZ_Wdj[i de i[ Wl[h]edpWXWd Z[ de j[d[h jhWXW# `ei ][h[dY_Wb[i e [`[Ykj_lei" WY[f# jWXWd jhWXW`ei Yece b_cf_WXejWi o h[fWhj_Zeh[i Z[ Z_Wh_ei$ Be gk[ b[ fWiÂŒ W dk[ijhWi ][d[# hWY_ed[i" [i gk[ [bWXehWcei kdW
"4! -".ĹŠ ĹŠ+.2ĹŠ'().2
.ĹŠ04#ĹŠ/4#"#2ĹŠ' !#1
Ŋ 4#Ŋ+.2Ŋ2; ".2Ŋ.Ŋ".,(-%.2Ŋ+ 5#-Ŋ#+Ŋ ŗ! 11.ĔŊ 84"#-Ŋ Ŋ+(,/( 1Ŋ+ Ŋ! 2 ĔŊ-.Ŋ2¢+.Ŋ24Ŋ
!4 13.ėŊ#2 Ŋ"# #Ŋ2#1Ŋ. +(% !(¢-Ŋ"#Ŋ2(#,/1#Ŋ 2(-Ŋ/ %.Ŋ"#Ŋ/.1Ŋ,#"(.ēŊ
ĹŠ 4#ĹŠ#-3(#-" -ĹŠ04#ĹŠ 2(23(1ĹŠ ĹŠ+ ĹŠ#2!4#+ ĹŠ Ĺ—#2ĹŠ4-ĹŠ!.,/1.,(2.ĹŠ!.-ĹŠ+ ĹŠ5(" ĔŊ04#ĹŠ-.ĹŠ#2ĹŠ -(-%ĂŒ-ĹŠ,_1(3.ĹŠ 2(23(1ĹŠ ĹŠ#++ Ä“ĹŠĹŠ
Ŋ .".2Ŋ+.2Ŋ-( .2Ŋ"# #-Ŋ"#2"#Ŋ3#,/1 -.Ŋ ŗ /1#-"#1Ŋ Ŋ+ 5 1ĔŊ/+ -!' 1Ŋ8Ŋ!.!(- 1ĔŊ/ 1 Ŋ
04#Ŋ#-3(#-" -Ŋ+ Ŋ#!.-.,~ Ŋ".,_23(! Ŋ#-Ŋ 3(#,/.2Ŋ04#Ŋ/."1~ -Ŋ2#1Ŋ,;2Ŋ"($~!(+#2ē 4(" Ŋ+.Ŋ04#Ŋ5#-Ŋ8Ŋ5#2Ŋ!.-Ŋ#++.2Ŋ#-Ŋ+ Ŋ3#+#5(Ĺ 2(¢-ĔŊ -3#1-#3Ŋ8Ŋ5("#.)4#%.2ē
Ĺ—' ĹŠ 4 -".ĹŠ.!4/#2ĹŠ!.11#%(1+.2ĔŊ !.-2_) +.2ĔŊ + ĹŠ!.-ĹŠ#++.2ĔŊ-.ĹŠ+.2ĹŠ.$#-" 2ĔŊ-.ĹŠ+.2ĹŠ 1#/1#-" 2ĹŠ#-ĹŠ/ĂŒ +(!.Ä“ĹŠĹŠ
\WceiW \hWi[ gk[ de Z_e h[ikbjWZe o cWdZÂŒ jeZe Wb Z_WXbe0 ÂśOe de gk_[he gk[ c_i ^_`ei fWi[d" bei jhWXW`ei o YWh[dY_Wi gk[ oe fWiƒ Dk[ijhei ^_`ei de YedeY[d bW l[hZWZ[hW [iYWi[p" [b ^Wc# Xh[$ I[ Yh_Whed [d bW YkbjkhW Z[b Z[if[hZ_Y_e0 W]kW" Yec_ZW" bkp" hefW" Z_d[he$ ;i WbWhcWdj[ [b ‡dZ_Y[ Z[ Z_leh# Y_ei gk[ i[ [ij| ][d[hWdZe" lWd W bW Yedgk_ijW Z[ ik fWh[`W o lk[bl[d Wb ^e]Wh" iÂŒbe kdei c[i[i c|i jWhZ[" Z_lehY_WZei fehgk[ bW YeiW de \kd# Y_edÂŒ1 d_d]kde Z[ bei Zei gk_[h[ i[hl_h Wb ejhe [d ik dk[lW l_ZW$ ;ij[ c[diW`[ [i fWhW bei gk[ j_[d[d ^_`ei o gk[ fk[Z[d jeZWl‡W cebZ[Whbei" [Z‘gk[dbei Yed fh_d# Y_f_ei o h[ifediWX_b_ZWZ[i$ ^|]Wd# b[i [b ^|X_je Z[b i[h W]hWZ[Y_Zei$ >|]Wdb[i [b ^|X_je Z[ iWX[h ]WdWhi[ [b Z_d[he Yed ^ed[ij_ZWZ" bW Yec_ZW" bW hefW" [b Yeije Z[ bW [ijWdY_W [d bW YWiW [d bW YkWb de WfehjWd fWhW [b fW]e Z[ i[hl_Y_ei$ >|]Wdb[i iWX[h be gk[ Yk[ijW YWZW fbWje Z[ Yec_ZW" YWZW h[Y_Xe Z[ bkp" W]kW" h[djW$
^ ĹŠ
ĹŠ
BWi bbkl_Wi cedpÂŒd_YWi ^WX‡Wd bb[]WZe W bW ?dZ_W$ ;hW kd Z‡W eiYkhe o bbel‡W jehh[dY_Wbc[dj[$ Kd Z_iY‡# fkbe Yehh‡W fWhW fhej[][hi[ Z[ bW bbkl_W YkWdZe be l_e ik cW[ijhe o b[ _dYh[fÂŒ0 # F[he" ÂľYÂŒce j[ Wjh[l[i W ^k_h Z[ bW ][d[hei_ZWZ Z[b :_l_de5" Âľfeh gkƒ eiWi h[\k# ]_Whj[ Z[b b‡gk_Ze Y[b[ij_Wb5 ;h[i kd Wif_hWdj[ [if_h_jkWb o Yece jWb Z[X[h‡Wi j[d[h cko [d Yk[djW gk[ bW bbk# l_W [i kd fh[Y_eie eXi[gk_e fWhW jeZW bW ^kcWd_ZWZ$ ;b Z_iY‡# fkbe de fkZe ĹŠ feh c[dei gk[ i[dj_hi[ f h e \ k d Z W # +ĹŠ #231.ĹŠ"(!#Ä–ĹŠ
.2ĹŠ04#ĹŠ-.ĹŠ#)#,Äą c[dj[ Wl[h# /+($(! -ĹŠ242ĹŠ/ + Äą 1 2ĹŠ!.-ĹŠ242ĹŠ ]edpWZe$ !3.2ĹŠ2(#,/1#ĹŠ 9ec[dpÂŒ #-!4#-31 -ĹŠ4- ĹŠ , -#1 ĹŠ"#ĹŠ)423(Äą W YWc_dWh $(! 12#Ä“ cko b[djW# c[dj[" YW# b|dZei[ ^WijW bei ^k[iei" ^WijW gk[ Wb Ă’dWb bb[]ÂŒ W ik YWiW$ Feh YkbfW Z[ bW bbkl_W Ye]_ÂŒ kd f[hi_ij[dj[ h[i\h_W# Ze$ JhWdiYkhh_[hed bei Z‡Wi$ KdW cW‹WdW [ijWXW [b Z_i# Y‡fkbe i[djWZe [d [b fehY^[ Z[ ik YWiW b[o[dZe bWi [iYh_# jkhWi$ B[lWdjÂŒ kd cec[dje bei e`ei o l_e W ik ]kh‘ Ye# hh_[dZe jWdje Yece iki f_[h# dWi i[ be f[hc_j‡Wd" W Ă’d Z[ bb[]Wh W Wb]‘d bk]Wh gk[ be fhej[]_[hW Z[ bW bbkl_W$ # CW[ijhe #b[ Z_`e#" Âľfeh gkƒ ^ko[i Z[ bWi X[dZ_Y_e# d[i Z_l_dWi5 ÂľDe [h[i j‘ W^ehW [b gk[ Z[ifh[Y_Wi [b eXi[gk_e Z_l_de5 Âľ7YWie de [ij|i ^ko[dZe Z[b W]kW Y[# b[ij_Wb5 O [b ]kh‘ h[fkie0 # ÂśE^" _]dehWdj[ [ _di[d# iWje ÂľDe j_[d[i e`ei fWhW l[h gk[ be gk[ de gk_[he [i fhe\WdWhbW Yed bei f_[i5 ĹŠ ĹŠÄĽ ĹŠĹŠ : ĹŠ ĹŠ ĹŠ ÄŚĹŠĹŠ ĹŠ ĹŠ ĹŠ
. ( # (ŋ ŋ &# ŋ (ŋ &ŋ )-*#. &ŋ /(# #* &
#. (ŋ ŋ&)-ŋ * # (. -ŋ Ăā )(ŋ ,.,#.#-ŋ , /' .)# ŋ ŏ āăŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
;b eX`[j_le Z[ bW _cfb[c[d# I[] d HWc_he 9ehed[b \eje " dk[le [ifWY_e [d [b i[Yjeh Z[ Z_h[Yjeh Z[b >eif_jWb Ckd_# J[Y^e Fhef_e" `kdje Wb 9[djhe jWY_ d \k[ fWhW Wj[dZ[h W bei WdY_Wdei gk[ f[hcWd[Y[d [d Y_fWb" [b i_j_e Yk[djW Yed kd Z[ bW C[dZ_Y_ZWZ$ [ij[ Y[djhe" gk_[d[i ied Wj[d# Z_Zei feh [if[Y_Wb_ijWi o [lW# bkWZei YedijWdj[c[dj[$ 7]h[] gk[ [d [b È: W Z[ bW cWZh[É i[ ^_pe kd [l[dje [if[# Y_Wb fWhW bei WdY_Wdei Z[b bk# ]Wh" gk_[d[i l_l_[hed cec[dje Wc[dei o bb[dei Z[ Wb[]h W$ I[ [djh[]Whed fh[c_ei gk[ bb[]W# hed ]hWY_Wi W bWi ZedWY_ed[i Z[ gk_[d[i Yed\ehcWd [b >eif_jWb Ckd_Y_fWb [ 7cXWje$
&2192&$725,$ 3Ô%/,&$ 3$5$ 120%5$5 81 5(35(6(17$17( '( /$6 25*$1,=$&,21(6 '( 352'8&725(6 < 2 5(*$17(6 $/ ',5(&725,2 '( /$ (3 (0$
EH7 9?ED C? B7 =HE I7 9ed \ e [d J_ c_ :_ei FW Zh[" >_ `e o ;i f h_ jk IWd je" c_ d_ Ye IWb lW# Zeh" Yed je ZWi c_i \k[h# pWi b[i f_ Ze c[ Yed Y[ ZWd bW ]hW Y_W gk[ jWd je Z[ i[e f[ Z_h ) Z[ i[ei" kde Z[ d[ ]e Y_e o Zei _c fe i_# Xb[i $ H[ Y[ / 7l[ cW h Wi Zk hWd j[ dk[ l[ Z Wi" Wb de l[ de Z W fk Xb_ gk[ [i j[ Wdkd Y_e o i[ Ykc fb_ h| Wkd gk[ de be Yh[W$ EX i[h l[ be gk[ eYk# hh_ h| Wb YkWh je Z W Z[ ik fk Xb_ YW Y_ d$ :eo ]hW Y_Wi feh [b \W leh h[ Y_ X_ Ze$ JK :; LE J7 I7D:H7 /.*-)
(O $UW &RQIRUPDFLyQ GHO 'LUHFWRULR 6H FRQIRUPDUi GH OD VLJXLHQWH PDQHUD /LWHUDO F 8Q UHSUHVHQWDQWH GH ODV DVRFLDFLRQHV GH SURGXFWRUHV OHJDOPHQWH FRQVWLWXLGDV (Q OD 2UGHQDQ]D GH &UHDFLyQ GH OD (3 (035(6$ 081,&,3$/ 0(5&$'2 0$<25,67$ $0%$72 $UW OLWHUDO S $SUREDU \ H[SHGLU UHVROXFLRQHV UHJODPHQWRV LQWHUQRV JHQHUDOHV R HVSHFLDOHV UHTXHULGRV SDUD HO GHVHQYROYLPLHQWR DGPLQLVWUDWLYR /D (3 (0$ GH FRQIRUPLGDG FRQ OR GLVSXHVWR HQ HO $UW \ GHO 5HJODPHQWR SDUD QRPEUDU XQ 5HSUHVHQWDQWH GH ODV 2UJDQL]DFLRQHV GH 3URGXFWRUHV \ R 5HJDQWHV DO 'LUHFWRULR GH OD (3 (0$ FRQYRFD D RUJDQL]DFLRQHV TXH FXPSODQ ORV VLJXLHQWHV UHTXLVLWRV $UW
'&
6HUiQ FRQVLGHUDGRV RUJDQL]DFLRQHV HOHJLEOHV ODV TXH WHQJDQ
# !,+$,/*'" " !,+ ), -/#3'01, #+ #) 01 121, 5 ) #5 "# ,*- 87 0 0# !,+3,! ),0 0#8,/#0 !!',+'01 0 "# ) ,*- 87 $ % ) 2+1 #+#/ ) 41/ ,/"'+ /' .2# 0# ))#3 /6 ! , #) "7 2+#0 "# * 5, "#) - /1'/ "# ) 0 & #+ #) ),! ) -/'+!'- ) "# ) ,*- 87 2 '! ", #+ #) //', ) #!/#, "# ) //,.2' ,1 )9 -#/1#+#!'#+1# ) +19+ #)')#, -/,3'+!' "# 2+%2/ &2 !,+ ) :+ )'" " "# !,+,!#/ 5 /#0,)3#/ ), 0'%2'#+1#0 -2+1,0
+$,/*# "# #/#+!' * ', "# "#+,*'+ !'9+ *,"':! !'9+ 5 *-)' !'9+ "#) , (#1, 0,!' ) 5 /#$,/* "#) 01 121, #!12/ 5 -/, !'9+ "#) !1 # !,+3,! "# * +#/ #0-#!' ) ) 0#8,/ 2'0 / ( +, //,0 ,*'0 /', #3'0,/ "# ) ,*- 87 ,1 )9 5, "#)
$ ! # !
[d\[hc[ZWZ" i[h|d Z[if[`WZWi$ FWhW [b [\[Yje" i[ ZWh|d jeZWi bW \WY_b_ZWZ[i fWhW gk[ [b f Xb_Ye j[d]W kdW Xk[dW fWhj_Y_fWY_ d [d bWi _dijWbWY_ed[i Z[b ^ej[b" ZedZ[ i[ Z[iWhhebbWh| [ij[ [l[d# je Z[ iWbkZ$ ;b _d]h[ie W [ijW Y^WhbW c Z_# YW [i Yecfb[jWc[dj[ ]hWjk_je" i[ h[gk_[h[ jeZe [b _dj[h i o [djki_Wice Z[ bei fWhj_Y_fWdj[i fWhW [ijWh Wb Z W Yed bei j[cWi gk[ jhWjWh| Z[ cWd[hW cW]_i# jhWb [b ]Wb[de :_[]e L[bWiYe" Z[ Z_bWjWZW jhWo[Yjeh_W$
(035(6$ 3Ö%/,&$ (035(6$ 081,&,3$/ 0(5&$'2 0$<25,67$ $0%$72
ēũ ,(1.ũ .1.-#+Ĕũ"(1#!3.1ũ"#+ũ .2/(3 +ũ 4-(!(/ +ũ"#ũ , 3.Ĕũ "#23 !¢ũ+ ũ 3#-!(¢-ũ04#ũ2#ũ 1(-" ũ#-ũ#+ũ2#!3.1ũ"#ũ #!'.ũ 1./(.ē
$
! " #
>eo W fWhj_h Z[ bWi '.0&& [d [b >ej[b BWi <beh[i i[ Z[iWhhebbWh| bW Y^WhbW ÈCWd[`e Z[ bW Whjh_j_i o dk[lWi j[hWf_WiÉ W YWh]e Z[ :_[]e L[bWiYe" h[kcWj be]e$ ;b eX`[j_le [i YecfWhj_h Yed bei fWY_[dj[i Z[ bW Y_kZWZ Yk|b[i ied bWi dk[lWi j[hWf_Wi Z[ jhW# jWc_[dje Z[ bW Whjh_j_i h[kcW# je_Z[W o [b fheY[ie gk[ i[ Wfb_YW fWhW kd Xk[d h[ikbjWZe$ Bei WcXWj[ ei [ij| _dl_jWZW W fWhj_Y_fWh [d [ijW Y_jW ZedZ[ jeZWi iki ZkZWi" h[if[Yje Z[ bW
-XULVGLFFLyQ HQ HO &DQWyQ $PEDWR \ R 3URYLQFLD GH 7XQJXUDKXD UHFRQRFLGDV MXUtGLFDPHQWH \ GHQWUR GH VXV ILQHV \ REMHWLYRV FRQVWH OD SURGXFFLyQ \ IRPHQWR DJUtFROD
$UW 3DUD TXH ORV UHSUHVHQWDQWHV GH ODV RUJDQL]DFLRQHV GH SURGXFWRUHV DJUtFRODV \ R UHJDQWHV VHDQ FRQVLGHUDGRV HOHJLEOHV GHEHQ GLVSRQHU GH OR VLJXLHQWH
'2&80(17$&,21 D $FXHUGR PLQLVWHULDO GH UHFRQRFLPLHQWR E (VWDWXWR GH FRQVWLWXFLyQ OHJDOPHQWH DSUREDGR F
1RPEUDPLHQWR GH OD GLUHFWLYD DFWXDOL]DGD H LQVFULWR HQ OD UHVSHFWLYD LQVWLWXFLyQ TXH RWRUJy OD SHUVRQHUtD MXUtGLFD
ĚͿ 'RFXPHQWR GH OD RUJDQL]DFLyQ HQ GRQGH QRPLQD D XQ UHSUHVHQWDQWH GH FDGD RUJDQL]DFLyQ HOHJLEOH
$ XQD $VDPEOHD ,QIRUPDWLYD SDUD GDU D FRQRFHU OD /H\ 2UJiQLFD GH (PSUHVDV 3~EOLFDV 2UGHQDQ]D GH &UHDFLyQ GH OD (3 (PSUHVD 0XQLFLSDO 0HUFDGR 0D\RULVWD $PEDWR \ HO 5HJODPHQWR SDUD QRPEUDU XQ 5HSUHVHQWDQWH GH ODV 2UJDQL]DFLRQHV GH 3URGXFWRUHV \ R 5HJDQWHV DO 'LUHFWRULR GH OD (3 (0$ $ UHDOL]DUVH HO GtD OXQHV GH PD\R GHO D ODV + HQ HO DXOD GH FDSDFLWDFLyQ GH OD (3 (0$ $Y (O &yQGRU \ 7UHV &DUDEHODV
(F +HUQiQ 3LFR $FRVWD *(5(17(
&* # ! )# ' " % !#& % # ' " % " '# & "( &'% & $ " " &
ĂĂ
ŏ āăŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
, (ŋ v ŋ* , ŋ& ŋ' 6(# ŋ
(;35(6$026 18(675$ 0$6 6(17,'$ 127$ '( 3(6$5 $ 68 ',67,1*8,'$ )$0,/,$ 325 7$1 ,55(3$5$%/( 3(5','$ '( 0$1(5$ (63(&,$/ $ 686 +,-26 )(/,3( < 5$)$(/ /23(= *$0%2$ ,QJ *(50$1 (15,48( &$5/26 $57852 0$5,$ /8,6$ &$50,7$ *(5758',6 -8/,2 &(6$5 < $1*(/$ &5,67,1$ /23(= <$1(= 325 (/ (7(512 '(6&$162 '( 68 $/0$ (; ',5(&7,926 '( /$ ,167,78&,21 7JQR :$6+,1*721 7255(6 $%5,/ 'U '$1,/2 &$/'(521 %21,//$ $0%$72 '( 0$<2 '(/
(/ *2%,(512 $87Ð1202 '(6&(175$/,=$'2 081,&,3$/ '( 7,6$/(2 5(35(6(17$'2 325 (/ 6(f25 $/&$/'( < /26 65(6 &21&(-$/(6 3URIXQGDPHQWH FRQVWHUQDGRV SRU HO VHQVLEOH IDOOHFLPLHQWR GH TXLHQ HQ YLGD IXH
65 $57852 /23(= $&8(5'$1 35,0(52 ([SUHVDU OD PiV VHQWLGD QRWD GH SHVDU D WRGDV TXLHQHV FRQIRUPDQ OD )DPLOLD /23(= <$1(= SRU WDQ LUUHSDUDEOH SpUGLGD GH PDQHUD HVSHFLDO D VX KLMR ,QJ *HUPiQ /ySH] <iQH] -HIH GH OD 8QLGDG GH $JXD 3RWDEOH GHO *RELHUQR 0XQLFLSDO GH 7LVDOHR \ GLOHFWR DPLJR QXHVWUR 6(*81'2 'HMDU FRQVWDQFLD GH QXHVWUD FULVWLDQD VROLGDULGDG HQ HVWRV PRPHQWRV GH GRORU 7(5&(52 (QWUHJDU XQD RIUHQGD IORUDO DFRPSDxDU D OD YHODFLyQ \ WUDVODGR GH VXV UHVWRV PRUWDOHV \ SXEOLFDU HO SUHVHQWH D WUDYpV GH XQR GH ORV SULQFLSDOHV PHGLRV GH FRPXQL FDFLyQ HVFULWD GH OD FLXGDG GH $PEDWR 7LVDOHR GH PD\R GH
,QJ 5RGULJR *DUFpV $ / & $ / ' (
/LF &DWDOLQD %DUUHUD 9,&($/&$/'(6$
+ũĎũ"#ũ, 8.ũ2# 1#!.1"¢ũ+ ũ+ .1ũ -. +#ũ8ũ3#2.-#1 ũ "#ũ+.2ũ,#!;-(!.2ēũũ .8ũ#2ũ+ ũ2#2(¢-ēũ >Wd fWiWZe Y_dYk[djW W ei Z[iZ[ gk[ bei c[Y|d_Yei Z[ bW fhel_dY_W i[ W]h[c_Whed Yece I_dZ_YWje C[Y|d_Ye È+ Z[ CWoeÉ" Yed bW Ò dWb_ZWZ Z[ l[bWh feh iki X[d[Ò Y_ei$ ;d bW WYjkWb_ZWZ o ]hWY_Wi W bW WYe]_ZW gk[ jkl_[hed" [ijW _dij_# jkY_ d i[ Z[dec_dW 7ieY_WY_ d ?dj[hfhe\[i_edWb Z[ CW[ijhei o Ef[hWZeh[i È+ Z[ CWoeÉ Jkd]k# hW^kW" Z[`WdZe l[h gk[ de i[ [bW# XehW kd fheZkYje [cf h_Ye" i_de gk[ i[ be h[Wb_pW Yed bW Y_[dY_W o j[Ydebe] W Z[ fkdjW Z[ bW WYjkW# b_ZWZ$ CWhYe C_hWdZW" fh[i_Z[dj[ Z[b Jh_XkdWb ;b[YjehWb o j_jkbWh Z[b ]h[c_e" Yed ckY^e eh]kbbe i[ Wb gk[ [b i[h c[Y|d_Ye" h[# fh[i[djW fWhW jeZei bei c_[c# Xhei Z[ bW _dij_jkY_ d kdW ]hWd iWj_i\WYY_ d" oW gk[ W jhWl i Z[ ik jhWXW`e fk[Z[d ^WY[h \[b_Y[i W c_b[i Z[ f[hiedWi$ ÆI[h c[Y|d_Ye dei ^W WX_[hje bWi fk[hjWi Z[ Y_[djei Z[ ^e]Wh[i o dei ^W f[hc_j_Ze YedeY[h W ckY^Wi f[hiedWi1 [d YkWbgk_[hW Z[ iki hWcWi" [ijW [i kdW ^[hce# iW fhe\[i_ dÇ" [d\Wj_p C_hWdZW$ 1#!(,(#-3.
:[iZ[ ^WY[ +& W ei YkWdZe [b ]h[c_e _d_Y_e Z[ bW cWde Z[ C_bjed Ieb i" M_be CWoeh]W" 9 iWh 7YeijW" ;hc[b LWbb[" @eh][ HWcei" [djh[ ejhei ]hWd# Z[i f[hiedW`[i Z[ bW c[Y|d_YW jkd]khW^k[di[" ^W WbYWdpWZe de iebe kdW _cfehjWdj[ fei_# Y_ d Z[djhe Z[b Yeb[Yj_le beYWb" i_de gk[" ^W _dY_Z_Ze fehgk[ ckY^ei ` l[d[i efjWhed feh [ijW fhe\[i_ d" ^WY_ dZebW YWZW l[p c|i ]hWdZ[ o fhe# ]h[i_ijW$ =hWY_Wi Wb jhWXW`e Z[ bei Wie# Y_WZei" [d bW WYjkWb_ZWZ Yk[djWd Yed ik fhef_e [Z_\_Y_e Z[ jh[i fbWdjWi" [d bW 9_kZWZ[bW Eh_[dj[" YWbb[i Gk[l[Ze o B_X[hjWZ$
65(6 &21&(-$/(6
,QJ +HUQiQ %HOWUiQ (FRQ 1Rp &RHOOR 6U *HUPiQ 5RGUtJXH]
6U &DUORV &DSX] 6U (GPXQGR )UHLUH 6U 5REHUW =DPRUD
$E &DUORV 9LOOHJDV 0LUDQGD 6(&5(7$5,2 '( &21&(-2
',5(&725(6 '(3$57$0(17$/(6 < -()(6 '( 81,'$' 'U &pVDU $UURED $ 352&85$'25 6Ì1',&2
,QJ 'DYLG &RUGRYLOOD ',5(&725 ),1$1&,(52
,QJ 9tFWRU 0HUD ',5(&725 '( 2%5$6 3Ô%/,&$6
,QJ 0LVDHO &HYDOORV -()( '( $9$/826 < &$7$67526
,QJ 5RGULJR 0RUDOHV -()( '( /$ 8 ' $ $ 7
,QJ ;DYLHU (VSLQR]D -()( '( /$ 8 * 5
$UT (PLOLR *RQ]iOH] -()( '( 3/$1,),&$&,21 /.*,,
6U 2OJHU &DUUHUD &20,6$5,2 081,&,3$/
.+ .1 !(¢-ũ (-"4231( + #2"#ũ+ 2ũĈćĖććũ"#ũ'.8ũ#+ũ 4 2#!1#3 1(.ũ"#ũ .,#1!(.ũ 73#1(.1Ĕũ 4 -ũ 1 -!(2!.ũ ++_-Ĕũ" 1;ũ ũ!.-.!#1ũ+.2ũ /.1,#-.1#2ũ "#+ũ 31 ).ũ , -!.,4- ".ũ 04#ũ #23;-ũ 1# +(9 -".ũ!.-ũ+ ũ#,/1#2 ũ
+ -3 ũ (#11 ũ ēũ
ũ -ũĈĒďĈũ2#ũ!1#¢ũ #+ũ (-"(! 3.ũ"#ũ #!;-(!.2ũĥĎũ"#ũ 8.Ħē
¡ ēũ ũ,#!;-(! ũ#2ũ4- ũ"#ũ+ 2ũ/1.$#2(.-#2ũ,;2ũ(,/.13 -3#2ũ/ 1 ũ#+ũ "#2 11.++.ũ/1."4!3(5.ũ"#+ũ/ ~2ē
'&( ieY_ei WYj_lei h[Yk[hZWd Yed X[d[fb|Y_je [b jhWXW`e h[Wb_pWZe feh bei f_ed[hei Z[ bW c[Y|d_YW jkd]k# hW^k[di[" gk_[d[i b[i b[]Whed kdW jhWZ_Y_ d Z[ j[i d" ^edhWZ[p o [c# fh[dZ_c_[dje$ 84" ũ("¢-#
FWhW C_hWdZW" d_d]kde Z[ bei eX`[j_lei be]hWZei feh bW 7ieY_W# Y_ d ?dj[hfhe\[i_edWb Z[ CW[i# jhei o Ef[hWh_ei È+ Z[ CWoeÉ Z[ Jkd]khW^kW" ^kX_[hWd i_Ze fe# i_Xb[i i_d [b iefehj[ _dlWbehWXb[ Z[ iki [ifeiWi" gk_[d[i W jhWl i Z[b 9ec_j Z[ :WcWi ^Wd _c# fkbiWZe fheo[Yjei gk[ [d]hWd# Z[pYWd bW bWXeh Z[ iki cWh_Zei$ ÆDk[ijhWi [ifeiWi ied bWi ]k Wi _dYehhkfj_Xb[i Z[b jhWXW`e Z_Wh_eÇ" i[ Wb [b c[Y|d_Ye$
#+# 1 !(¢-ũũ %1#,( + ŗũũ
1!.ũ (1 -" Ĕũ/1#2("#-3#ũ"#+ũ 1( 4- +ũ +#!3.1 ũ"#ũ+ ũ 2.!( !(¢-ũ -3#1/1.$#2(.- +ũ"#ũ #231.2ũ8ũ /ı #1 ".1#2ũĥĎũ"#ũ 8.Ħũ 4-%41 '4 Ĕũ "(.ũ ũ!.-.!#1ũ04#ũ+ ũ(-23(34!(¢-ũ5(5#ũ 4-ũ/1.!#2.ũ#+#!3.1 +Ĕũ+.ũ04#ũ(,/("(¢ũ 04#ũ#23 ũ$#!' ũ3 -ũ(,/.13 -3#ũ2# ũ !#+# 1 " ũ#+ũ"~ ũ/1#!(2.ēũ (-ũ#,ı 1%.Ĕũ+ ũ2#2(¢-ũ2.+#,-#ũ2#ũ++#5 1 ũ ũ! .ũ'.8ũ5(#1-#2ũ#-ũ+ ũ2#"#ũ2.!( +ũ "#+ũ%1#,(.ēũ -ũ#+ũ+4% 1ũ-.ũ2.+.ũ2#ũ1#!.-.!#1;ũ ũ 04(#-#2ũ' -ũ/#1, -#!(".ũăũ#+#2ũ +ũ %1#,(.Ĕũ2(-.ũ04#ũ2#ũ5(5(1;-ũ%1 -"#2ũ ,.,#-3.2ũ"#ũ! , 1 "#1~ ũ#-31#ũ 3.".2ũ04(#-#2ũ' !#-ũ#+ũ%1#,(.
."%3&
Ĺ? Ä ÄƒĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ăă ÄŻÄƒÄ‚ĂžÄ€Ăź
Bk_i 7$ HeiWi L$ Ck`[h cWhWl_bbeiW" bb[dW Z[ Wceh _dĂ’ d_je Z[ i[dj_c_[djei deXb[i" fkhei o Z[Z_YWY_ÂŒd YedijWdj[1 _d\kdZ[ h[if[je [d [b ]hWZe c|i Wbje" jeZW [nWbjWY_ÂŒd [i feYe fWhW [b i[h [if[Y_Wb gk[ :_ei Yh[ÂŒ$ 7ceh gk[ dkdYW \WbbW" ]WhWdj‡W jejWb W dk[ijhWi l_ZWi" bWpe fhe\kdZe _dZ[ijhkYj_Xb[1 ZW ik l_ZW i_d f[Z_h dWZW W YWcX_e" [iW [i bW X[dZ_jW CWZh[ gk[ dei Z_e [b i[h$ >_`ei0 h[l[h[dY_W fWhW [bbW dkdYW b[ \Wbb[d" jeZWi iki l_hjkZ[i [ij|d fk[ijWi W Z_ifei_Y_ÂŒd Z[ Xk[dei o cWbei" ik Wceh i[ Z[iXehZW o iki XhWpei dei WbYWdpWd [d [b f[eh Z[ bei _d\ehjk# d_ei fWhW Z[lebl[hdei bW Wb[]h‡W$ Ăˆ<[b_Y_ZWZ[iÉ h_dZWcei jh_Xkje W bW WkjehW Z[ dk[ijhei Z‡Wi" l_lWcei fWhW [bbW1 h[YehZ[cei jeZWi iki ck[ijhWi Z[ YWh_‹e o iWYh_Ă’ Y_e YedijWdj[" Z[iZ[ gk[ ƒhWcei f[gk[‹ei ^WijW ^eo oW Yedl[hj_Zei [d ^ecXh[i Z_]dei Z[ WbWXWh [i[ ]hWd dec# Xh[ bbWcWZe CWZh[$ :‡W Kd_l[hiWb fWhW bW CWZh[ feXh[" h_YW" XbWdYW" d[]hW" _dZ_W o Z[ jeZW YedZ_Y_ÂŒd o kX_YWY_ÂŒd ][e]h|Ă’ YW1 \[b_p Z‡W" c[i" W‹e" l_ZW [dj[hW i[h‡Wd feYe fWhW h[iWbjWh o [nWbjWhj[ W j_ CWc| X[dZ_jW i[Wi feh i_[cfh[1 Yk_ZWhƒ Z[ j_ [iW [i bW Yed# i_]dW Z[ l_ZW fWhW [b[lWh c_ [if‡h_jk o Wb]‘d Z‡W WbYWdpWh bW ]beh_W$ Jk fh[i[dY_W [d bW j_[hhW Z[X[h‡W i[h [j[hdW" jk XedZWZ o lW# b[dj‡W ied bW XWdZ[hW W fehjWh jeZei fWhW _h [d XkiYW Z[ kd ckdZe c[`eh [d c[Z_e Z[ jWdjW jkhXkb[dY_W$ 9k_Z[cei Z[ [i[ Ă›d][b WbWh]k[cei iki Z‡Wi Z[ Z_Y^W" 9ecfWhjWcei o Z_i\hkj[cei Z[ [bbW [d jeZe cec[dje" de [if[h[cei W cW‹WdW" jWbl[p feZh‡W i[h Z[cWi_WZe jWhZ[$
Âś<;B?P :?7 C7CĂ›
/,*$ '(3257,9$ %$55,$/ &(175$/ $0%$72 &8$57$ )(&+$ 35,0(5$ (7$3$ 352*5$0$&,21 6(0$1$/
6$%$'2 '( 0$<2 '(/
3$57,'26
+ / 685 + (/ */2%2 + (92/8&,21
&$1&+$ +25$ + 3 '(/ 62/ + 9,&(17,12 + (60(5$/'$6
96 /$6$//$12 96 )(5529,$5,2 96 /$ 0$6&27$
ÄŻÄƒÄ‚Ă˝ĂťÄ
(67$',2 '(/ */2%2
&$1&+$ +25$
92&$/(6 (/ */2%2 /$ 0$6&27$ )(5529,$5,2
3$57,'26
92&$/(6
96 5($/ 62&,('$' 96 3,67$ .$57,1* 96 35$*$
9,&(17,12 35$*$ 3 .$57,1*
(67$',2 1(37$/, %$521$ +25$ + .80+2
3$57,'26 96 &$72/,&$
92&$/(6 '26 (48,326
'20,1*2 '( 0$<2 '(/
(67$',2 '(/ */2%2 &$1&+$ +25$ + :$1'5(6 + &,7& + -2&.(56 + ,(66
3$57,'26
92&$/(6
96 3,=$552 96 $9(1785$ 96 - % 9(/$ 96 (60(5$/'$6
$9(1785$ - % 9(/$ ,(66 -2&.(56
127$ '(6&$16$1 /6 /$ '2/2526$ (/ 0852 *$1$ ;
Čć! (-!+ēũ
ũ ũ
ũĈĊũ ũ ũ ũĉćĈĈ
4-%41 '4
" ũ'.1 Ĕũ +ũ,#-.2ũĊćũ!.-"4!3.1#2ũ2.-ũ !(3 ".2ũ/.1ũ-.ũ!4,/+(1ũ!.-ũ+ ũ-4#5 ũ #8ũ"#ũ 1;-2(3.ũ#-ũ+ 2ũ! ++#2ũ"#ũ , 3.ēũ : ũ ĈĎ
Čćũ :
#1,(- ũ!.-ũ ũũ
#.ũ ( /1(. ũũũ
ũ,."#+.ũ 1ũ $ #+(ũ8ũ#+ũ !3.1ũ#2ı 3 ".4-("#-2#ũ" ũ/.1ũ3#1,(- ".ũ24ũ 1., -!#ũ"#ũ!(-!.ũ .2ēũ : ũ Ĉć
4)#1Ĕũ , "1#ũ8ũ ,(% - ũ-( ũ$ ++#!(¢ũ,(#-31 2ũ)4 %
ũ+ 2ũĈĐĖČĎũ #--8ũ +#7 -"1 ũ Ĕũ"#ũĈćũ .2Ĕũ$ ++#!(¢ũ+4#%.ũ"#ũ4- ũ! ~" ũ #-ũ+ ũ04#ũ2#ũ%.+/#¢ũ$4#13#,#-3#ũ+ ũ! #9 ēũ 23.ũ24!#"(¢ũ#-ũ 4 !'(ũ ũ
.8 ũ,(#-31 2ũ)4% ũ!.-ũ242ũ'#1, -.2ēũ
ũ242ũĈđũ .2Ĕũũũũũũũũ (3 ũ 1".- ũ ũ !.-04(23 ".ũ!(#-ı 3.2ũ"#ũ!.1 9.-#2ũ "#+ũ/ ~2ēũ .-.9! ũ 24ũ5(" ũ$4#1 ũ"#ũ+.2ũ #2!#- 1(.2ēũ ũ Ē
,_1(! ũ2#ũ(,/42.
+ũ +4 ũ #/.13(5.ũ ,_1(! ũ% -¢ũ".2ũ %.+#2ũ ũ4-.ũ 8#1ũ +ũ .+~5 1ũ#-ũ#+ũ!.3#).ũ"#ũ + ũ!4 13 ũ$#!' ũ"#ũ+ ũ2#%4-" ũ! 3#%.1~ ē
(,/+#,#-3#ũ 2#-2 !(.- +#2 ũ : ũ ĈČ
#!("(".2ũ ũ% - 1
+ũĥ ."(++.Ħũ2 +3 1;ũ ũ+ ũ! -!' ũ ũ+ 2ũĉćĖććũ"#ũ'.8ũ/ 1 ũ % - 1+#ũ +ũ ++#ũ"#+ũ '.3 ũ!.,.ũ"4# .ũ"#ũ! 2 ē : ũ ĈĊ