Čć! (-!+ēŊ 4-%41 '4
Äž ĹŠ } Ä?
: ĹŠĹŠÄˆÄŒĹŠĹŠ ĹŠ ĹŠ ĹŠÄ‰Ä‡ÄˆÄˆ
+( -#2ĹŠ, 3 -ĹŠ ŊđćŊ /#12.- 2ĹŠ/.1ĹŠ (-ĹŠ "# ;%(- ĹŠ Ä?
-(5#12(" "ĹŠ8 + ĹŠ!.+#!3(5(" "
;%(- ĹŠ ÄŠ
.+!;-ĹŠ !4,4+ ĹŠ ++8ĹŠ !4 ".1ĹŠ , 8.1ĹŠ#-#1%~ ĹŠ (-(!( ĹŠ#-ĹŠ 4(3. ;%(- ĹŠ Ä‘ ;%(- ĹŠ Ĉđ
#,#-3#1(.ĹŠ1#!( #ĹŠ ! , (.ĹŠ"#ĹŠ(, %#-
.2ĹŠ$ ,(+( 1#2ĹŠ"#ĹŠ +.2ĹŠ"($4-3.2ĹŠ3 ,Äą (_-ĹŠ"# #-ĹŠ /.8 1ĹŠ !.-ĹŠ+ ĹŠ+(,/(#9 ĹŠ"#ĹŠ #23#ĹŠ#2/ !(.Ä“
:[djhe Z[b 9[c[dj[h_e Ckd_Y_# fWb ĂˆBW C[hY[ZÉ" lWh_Wi jkcXWi h[Y_X[d cWdj[d_c_[dje fWhj_Yk# bWh o ckd_Y_fWb$ Bei Whh[]bei i[ ZWd Yed bW YebeYWY_ÂŒd Z[ c|hceb" Y[h|c_# YW" h[`Wi o Z[c|i" jhWXW`ei gk[ ied fW]WZei feh bei \Wc_b_Wh[i Z[ gk_[d[i f[hcWd[Y[d [d [ij[ YWcfeiWdje$ C_[djhWi gk[ bW WZc_d_ijhW# Y_ÂŒd i[ eYkfW Z[ bW WZ[YkWY_ÂŒd o Xk[d [ijWZe Z[ bWi YWc_d[h‡Wi o XebWhZei gk[ [ij|d Z[djhe Z[b Y[c[dj[h_e" c_[djhWi gk[ bW Yed# jhWfWhj[ Z[ b_cf_[pW o Whh[]be Z[ bei d_Y^ei o jkcXWi" gk[ [ij|d [d bei `WhZ_d[i" Z[X[d i[h Z[ bW Y_kZWZWd‡W [if[Y_Wbc[dj[ Z[ gk_[d[i j_[d[d W iki \Wc_b_Wh[i
¥ ēŊ 1(.2Ŋ31 ).2Ŋ(-3#1-.2Ŋ2#Ŋ" -Ŋ#-Ŋ#+Ŋ! ,/.2 -3.Ŋ , 3# .ē
Z[djhe Z[ ƒij[$ Feh ejhe bWZe" bW WZc_d_ijhW# Y_ÂŒd Z[b Y[c[dj[h_e WlWdpW Yed [b YWjWijhe o Yedjheb Z[ bWi jkc# XWi W Ă’ d Z[ j[d[h kd h[]_ijhe
WYjkWb_pWZe Z[ YWZW kde Z[ bei Xbegk[i e [ifWY_ei [n_ij[dj[i [d [ij[ bk]Wh$ ;ij[ fheY[ie [i cko _cfehjWdj[ ^WY[hbe$ ;%(- Ŋ ĉ
) " Ĺ‹- Ĺ‹&& (šŋ Ĺ‹, !) #$) 9ed ]hWd [ceY_ÂŒd o ]WbbWhZ‡W" CeY^W Y[b[XhÂŒ Wo[h kd dk[le Wd_l[hiWh_e Z[ YWdjed_pWY_ÂŒd Yed bW fh[i[dY_W Z[ Z[b[]WZei c_d_ij[h_Wb[i" Wkjeh_ZWZ[i [ _d# l_jWZei [if[Y_Wb[i$ ;d c[Z_e Z[ kdW b[l[ bbkl_W" [d ik _d_Y_e" o kd _dj[die \h‡e gk[ fWiÂŒ Z[iWf[hY_X_Ze feh bW Wb[]h‡W Z[ ik ][dj[" i[ Z[iWhhe# bbÂŒ [b Z[iĂ’ b[ Y‡l_Ye c_b_jWh Yed bW fh[i[dY_W Z[ _dij_jkY_ed[i [Zk# YWj_lWi Z[b YWdjÂŒd" bW fhel_dY_W o jWcX_ƒd Z[ \k[hW gk[ W]h[]Whed be c[`eh Z[ i‡ fWhW Z[`Wh [d be c|i Wbje [ijW Y[b[XhWY_ÂŒd$ Bk[]e Z[b Z[iĂ’ b[" bWi Wkjeh_# ZWZ[i \k[hed fWhj[ Z[ bW i[i_ÂŒd ieb[cd[ Z[ YWdjed_pWY_ÂŒd [d [b IWbÂŒd Z[ bW 9_kZWZ$ ;%(- ĹŠ Ä?
1(,#1 ĹŠ/(#"1 ĹŠ/ 1 ĹŠ'.2/(3 +
ĹŠ,  - ĹŠ"#ĹŠ 8#1ĔŊ 43.1(" "#2ĹŠ"#ĹŠ+ ĹŠ!(4" "ĹŠ8ĹŠ/1.5(-!( ĔŊ!.,.ĹŠ"#ĹŠ+ ĹŠ 149ĹŠ .) ĹŠ"#ĹŠ 4-%41 '4 ĔŊ!.+.! 1.-ĹŠ+ ĹŠ/1(,#1 ĹŠ/(#"1 ĹŠ#-ĹŠ+.ĹŠ04#ĹŠ2#1;ĹŠ + ĹŠ!.-2314!!(¢-ĹŠ"#+ĹŠ .2/(3 +ĹŠ"#+ĹŠ ~ ĹŠ"#ĹŠ+ ĹŠ 149ĹŠ .) ĔŊ#-ĹŠ+ ĹŠ/ 11.04( ĹŠ 9 , ĔŊ2#!3.1ĹŠ"#+ĹŠ #1./4#13.ĹŠ"#ĹŠ ' !'.;-ēŊ : ĹŠ ÄŒ
ĹŠ ĹŠ8ĹŠ + ĹŠ$ ,(+( BW j[b[l_i_ÂŒd ^W WZgk_h_Ze kd heb fh_cehZ_Wb Z[djhe Z[b d‘Yb[e \Wc_b_Wh [YkWjeh_Wde" fk[i i[]‘d kdW [dYk[ijW h[l[# bWZW feh [b ?dij_jkje DWY_edWb Z[ ;ijWZ‡ij_YW o 9[diei ?D;9 bei [YkWjeh_Wdei Z[Z_YWd kd fhec[Z_e Z[ (( c_dkjei Z_W# h_ei W YecfWhj_h Yed bW \Wc_b_W o kdW ^ehW o )& c_dkjei W l[h j[b[l_i_ÂŒd$ ;%(- ĹŠ ÄŒ
11(¢-Ŋ#2Ŋ "#!+ 1 ".Ŋ (-.!#-3#Ŋ ;%(- Ŋ Ď ēŊ Ŋ 2!4#+ Ŋ"#Ŋ .1, !(¢-Ŋ"#Ŋ .+" ".2Ŋ"#+Ŋ )_1!(3.Ŋ345.Ŋ%1 -Ŋ/1#2#-!( ē
666Ä“+ '.1 Ä“!.,Ä“#!
Ä‚ 0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
7 Ĺ?Ä Ä…Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
ĹŠ ĹŠ ĹŠ
." 9 +ĹŠ8ĹŠ 1#- +
#2"#ĹŠ' !#ĹŠ,4!'~2(,.2ĹŠ  .2ĹŠ-.ĹŠ2#ĹŠ2.+4!(.- -ĔŊ/1(,#1.ĹŠ+.2ĹŠ+." 9 +#2ĹŠ8ĹŠ +4#%.ĹŠ+.2ĹŠ 1#- +#2ĹŠ04#ĹŠ"#2!(#-"#-ĹŠ ĹŠ+ ĹŠ -4#+(3 ĹŠ ;#-9ĔŊ"#2"#ĹŠ#+ĹŠ2#!3.1ĹŠ"#ĹŠ+ ĹŠ -(5#12(" "ĹŠ 3¢+(! ĔŊ ĹŠ5#!#2ĹŠ' 23 ĹŠ#+ĹŠ/4#-3#ĹŠ"#ĹŠ (!. ēŊ " ĹŠ5#9ĹŠ04#ĹŠ++4#5#ĹŠ!.-ĹŠ +%4- ĹŠ(-3#-2(" "ĹŠ54#+5#-ĹŠ+.2ĹŠ/1. +#, 2ĹŠ8ĹŠ-(-%4- ĹŠ 43.1(" "ĹŠ2#ĹŠ/1.-4-!( ĹŠ!.-ĹŠ 5#1" "#1 2ĹŠ2.+4!(.-#2ēŊ "#,;2ĔŊ!#1! ĹŠ"#+ĹŠÄĽ 1./#9¢-ČŊĸ! 2(ĹŠ$1#-3#ĹŠ +ĹŠÄĽ '(/.3+#ČĚŊ ĹŠ! " ĹŠ,.,#-3.ĹŠ+.2ĹŠ2# .1#2ĹŠ"#+ĹŠ %4 ĹŠ/.3 +#ĹŠ"#23 / -ĹŠ8ĹŠ3 / -ĹŠ+ 2ĹŠ$4% 2ĹŠ"#ĹŠ %4 ĔŊ/ 1#!#ĹŠ04#ĹŠ 11#%+ -ĹŠ/ 1 ĹŠ04#ĹŠ+ ĹŠ1#/ 1 !(¢-ĹŠ"41#ĹŠ2¢+.ĹŠ4-.2ĹŠ,#2#2Ä“ĹŠÄ 23 ĹŠ !4;-".ĹŠ2#1;Ä&#x;
Ă‹ ĹŠ ĹŠ Ä“ , 3.
Ŋ #73.Ŋ%#-#1 +Ŋ1#/.13#Ŋ 1 -.Ŋ242Ŋ$.3.2Ŋ"#Ŋ"#-4-!( 2Ŋ!.,4-(3 1( 2Ŋ8Ŋ+ 2Ŋ 43.1(" "#2Ŋ1#2/#!3(5 2Ŋ3(#-#Ŋ + Ŋ./.134-(" "Ŋ"#Ŋ1#2/.-"#1ēŊŊ Ŋ .1 Ŋ2#Ŋ1#2#15 Ŋ"#1#!'.Ŋ"#Ŋ2#+#!!(.- 1Ŋ8Ŋ#"(3 1Ŋ+ 2Ŋ"#-4-!( 2ē
11#%+.ĹŠ "#ĹŠ !#1 +ĹŠ,.,#-3.ĔŊ +%4- 2ĹŠ !#1 2ĹŠ04#ĹŠ #23 -ĹŠ#-ĹŠ, +ĹŠ#23 ".ĹŠ2.-ĹŠ 11#%+ Äą " 2ĹŠ/.1ĹŠ/#12.- +ĹŠ"#+ĹŠ #/ 13 ,#-3.ĹŠ "#ĹŠ 1 2ĹŠ ĂŒ +(! 2ĹŠ"#+ĹŠ 4-(!(/(.ĹŠ"#ĹŠ , 3.Ä“
#!.+#!3 -".Ŋ + Ŋ 241 ( 1( ,#-3#Ŋ2#Ŋ/4#"#Ŋ5#1Ŋ +Ŋ/#12.Ĺ - +Ŋ,4-(!(/ +Ŋ04#Ŋ 11#Ŋ+ 2Ŋ !#1 2Ŋ8Ŋ 5~ 2Ŋ/1(-!(/ +#2Ŋ"#Ŋ+ Ŋ!(4" "ĔŊ+.Ŋ!4 +Ŋ #2Ŋ"(%-.Ŋ"#Ŋ$#+(!(3 !(¢-ē
$), (Ĺ‹ &Ĺ‹ -* .)Ĺ‹ ' (. ,#)Ĺ‹ /(# #* &
ĹŠ(, %#-ĹŠ"#+ĹŠ2(3(.ĹŠ 3 , (_-ĹŠ"#/#-"#ĹŠ "#ĹŠ+ ĹŠ!.+ .1 !(¢-ĹŠ "#ĹŠ+.2ĹŠ!(4" " -.2ĹŠ 04#ĹŠ+.ĹŠ5(2(3 -Ä“ BWi YWc_d[h‡Wi b_cf_Wi o bei `Wh# Z_d[i Yed kd l[hZeh [if[Y_Wb" \k[ be gk[ i[ eXi[hlÂŒ bW cW‹WdW Z[ Wo[h Z[djhe Z[b 9[c[dj[h_e Ckd_Y_fWb ĂˆBW C[hY[ZÉ$ ;d Wb]kdei fWX[bbed[i" jhWXW# `WZeh[i YedjhWjWZei feh \Wc_b_W# h[i Z[ gk_[d[i \Wbb[Y_[hed" h[Wb_# pWd ik jhWXW`e Yed bW WZ[YkWY_ÂŒd" b_cf_[pW o YebeYWY_ÂŒd Z[ Y[h|c_# YW" fWhW gk[ bW jkcXW e [b d_Y^e fh[i[dj[ kdW _cW][d Xed_jW$ C_[djhWi gk[ bWi jkcXWi Z[ bei f[hiedW`[i gk[ ^_Y_[hed ^_ije# h_W [d bW Y_kZWZ o bW fhel_dY_W Z[ Jkd]khW^kW" f[hcWd[Y[d [d bei `WhZ_d[i Z[b YWcfeiWdje" gk[ [i# j|d Whh[]bWZei o b_Xh[i Z[ bW cWbW ^_[hXW gk[ ][d[hWbc[dj[ iWb[ [d ƒijei$ I[ fk[Z[ l[h Yece bW bbkl_W eh_# ]_dWZW Z[iZ[ bW deY^[ Z[b fWiWZe `k[l[i" h[l[hZ[Y_ÂŒ bWi fbWdjWi o |hXeb[i gk[ [ij|d [d bei `WhZ_d[i Z[b bk]Wh$ .,/+(! !(.-#2
;d Wb]kdei Xbegk[i ZedZ[ [ij|d bei d_Y^ei" [n_ij[d fheXb[cWi Z[ Ă’bjhWY_ÂŒd Z[ W]kW" be gk[ ^W ][d[hWZe [b Z[j[h_ehe Z[ bWi fW# h[Z[i bWj[hWb[i" gk[ [i cko [l_# Z[dj[$ 9bWhWc[dj[ i[ fk[Z[ l[h YÂŒce bW f_djkhW Z[ ƒijei" i[ ZW‹W o bW ^kc[ZWZ i[ i_]k[ WfeZ[hWdZe Z[ bWi fWh[Z[i$ Gk_[d[i jhWXW`Wd l[dZ_[dZe W]kW Wb _dj[h_eh Z[b 9[# c[dj[h_e" _dZ_YWhed gk[ bWi Ă’bjhW# Y_ed[i i[ Z[X[d W gk[ [d [b j[Y^e
Ŋ -Ŋ#+Ŋ ~ Ŋ"#Ŋ+ Ŋ "1#Ŋ+ 2Ŋ34,Ĺ 2Ŋ$4#1.-Ŋ/(-3 Ĺ " 2Ŋ8Ŋ+.2Ŋ) 1"(-#2Ŋ "#!#-3 ".2ĔŊ / 1 Ŋ,#).1 1Ŋ+ Ŋ (, %#-Ŋ"#+Ŋ#2/ Ĺ !(.ē
ēŊ -Ŋ#+Ŋ! ,/.2 -3.Ŋ2#Ŋ"#2 11.++ -Ŋ31 ).2Ŋ/ 13(!4+ 1#2Ŋ8Ŋ,4-(!(/ +#2ē
Z[ bei Xbegk[i Z[ d_Y^ei de ^Wo Z[i\e]k[i Z[ bWi W]kWi bbkl_Wi" feh be gk[ YWkiW Ă’bjhWY_ÂŒd Z[ ƒi# jWi W bWi fWh[Z[i$
_d\ehc[ Z[ YkWdjWi jkcXWi [n_i# j[d [d [b bk]Wh" Yed [b eX`[j_le Z[ j[d[h kdW h[khXWd_pWY_ÂŒd Z[ bei d_Y^ei o cWkieb[ei$
3 231.
-3#-(,(#-3.
7b cec[dje" WlWdpW [b h[]_ijhe e YWjWijhe Z[ bWi jkcXWi gk[ [ij|d Z[djhe Z[b 9[c[dj[h_e Ckd_Y_# fWb" o fWhW [bbe bW WZc_d_ijhWY_Œd Z[b i_j_e `kdje Yed [ijkZ_Wdj[i Z[ bW Kd_l[hi_ZWZ JƒYd_YW Z[ 7c# XWje KJ7 b[lWdjWhed bW _d\eh# cWY_Œd Z[iZ[ gk[ [b YWcfeiWd# je WXh_Œ iki fk[hjWi$ >Wo gk[ h[YehZWh gk[ [ijW [i bW fh_c[hW l[p gk[ i[ [`[YkjW kd
;b 9[c[dj[h_e h[Y_X[ cWdj[d_# c_[dje Z[ `WhZ_d[h‡Wi" b_cf_[pW Z[ YWc_d[h‡Wi" c[`ehWc_[dje Z[ XehZ_bbei" b_cf_[pW Z[ ^e`Wi i[YWi o cWbW ^_[hXW" Whh[]be Z[b [djehde Z[b 9[c[dj[h_e$ LWh_ei b[Yjeh[i Z[ [ij[ c[Z_e i[ gk[`W# hed gk[ [b i|XWZe -" l‡if[hWi Z[b :‡W Z[ bW CWZh[" ƒij[ fh[i[djWXW kd Wif[Yje Z[fbehWXb[" Yed YW# c_d[h‡Wi i_d XWhh[h o XWikhW$
, )Ĺ‹ 'Z,# Ĺ‹ -* , Ĺ‹ &Ĺ‹ . -.,)
-ĹŠ'#1,.2.ĹŠ/ -.1 , ĹŠ #2"#ĹŠ -ĹŠ (%4#+(3.ĹŠ "#ĹŠ ~++ 1.ĹŠ 2#ĹŠ /4#"#ĹŠ ",(1 1ĹŠ +ĹŠ 5.+!;-ĹŠ 4-%41 '4 ĹŠ#-ĹŠ24ĹŠ/1.!#2.ĹŠ"#ĹŠ#14/!(¢-ēŊ +ĹŠ!.+.2.ĹŠ2#ĹŠ!.-$4-"#ĹŠ #-31#ĹŠ+ 2ĹŠ".2ĹŠ(%+#2( 2ĹŠ"#+ĹŠ/ 104#ĹŠ!#-31 +ĹŠ"#ĹŠ#23#ĹŠ+4% 1ĔŊ04#ĹŠ1# +9 -ĹŠ ĂŒ-ĹŠ,;2ĹŠ+ ĹŠ%1;ă! Ä“
>WijW bW 9ec_i_ÂŒd Z[ I[hl_Y_ei F‘Xb_Yei Z[b Ckd_Y_f_e Z[ 7c# XWje i[ WY[hYWhed Yec[hY_Wdj[i gk[ h[Wb_pWd iki WYj_l_ZWZ[i W kd YeijWZe Z[ bW [nfbWdWZW Z[b c[hYWZe 7cƒh_YW" fWhW ieb_Y_jWh W bWi Wkjeh_ZWZ[i [b h[if[Yj_le YWjWijhe ckd_Y_fWb$ Æ:[iZ[ ^WY[ c|i Z[ kd W‹e f[hcWd[Y[cei jhWi [b c[hYWZe [nf[dZ_[dZe dk[ijhei fheZkYjei o Z_Y[d gk[ dei gk_[h[d l[d_h W YeXhWh feh bW kj_b_pWY_ÂŒd Yed kd h[jheWYj_le o [ie [i be gk[ de gk[# h[ceiÇ" Z_`e DWdYo 8kij_bbei" h[# fh[i[djWdj[ Z[ bei Yec[hY_Wdj[i Z[b i_j_e$ >WY[ kd W‹e Wjh|i" Z_Y^Wi l[d# Z[ZehWi iWb_[hed Z[ bW Wdj_]kW
fbWpW I_cŒd 8eb‡lWh" gk[ W^ehW \k[ Yedl[hj_ZW [d 9[djhe 9ec[h# Y_Wb FefkbWh" ^WY_W bW fbWpW FW# Y^Wde" Z[X_Ze W gk[ de f_Z_[hed _d]h[iWh Wb h[delWZe Y[djhe bk[]e Z[ kd [iYe]_jWc_[dje h[Wb_pWZe [d [b i_j_e$ <k[ Wi‡ gk[ f[hcWd[Y_[hed feh lWh_ei c[i[i [d [b Y[djhe Z[ WYe# f_e i[‹WbWZe o Wdj[ bW _di_ij[dY_W Z[ h[kX_YWY_Œd" ƒijWi \k[hed bb[# lWZWi ^WijW [b c[hYWZe 7cƒh_YW" [d ZedZ[ i[ fhefki_[hed fW]Wh &"+& Y[djWlei feh f[hcWd[Y[h [d [b i_j_e ZkhWdj[ YWZW \[h_W gk[ h[Wb_Y[d$ Feh jWb cej_le" bei Yec[hY_Wd# j[i Wb cec[dje i[ d_[]Wd [d YWd# Y[bWh [b hkXhe gk[ Wb fWh[Y[h lW ^W
¥ ēŊ .2Ŋ!.,#1!( -3#2Ŋ/("#-Ŋ 3#-!(¢-Ŋ"#Ŋ+ 2Ŋ 43.1(" "#2Ŋ,4-(!(Ĺ / +#2ē
i[h YeXhWZe Yed kd h[jheWYj_le Z[ '( c[i[i" feh [ie f_Z[d W bWi Wkje# h_ZWZ[i [b YWjWijhe fWhW f[hcWd[# Y[h eĂ’Y_Wbc[dj[ [d [b i_j_e$
,)3 .)Ĺ‹ #/ ()Ĺ‹, &4 Ĺ‹ )() #'# (.)-Ĺ‹ Z'# )-Ĺ‹
7 Ä Ä…Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
42! -ĹŠ#23(,4+ 1ĹŠ #+ĹŠ/1.!#2.ĹŠ(-5#23(Äą % 3(5.ĹŠ"#ĹŠ+.2ĹŠ#234Äą "( -3#2ĹŠ4-(5#12(3 Äą 1(.2ĹŠ"#ĹŠ+ ĹŠ!(4" "Ä“
9ece fWhj[ Z[b fheY[ie _dl[ij_# ]Wj_le gk[ \ehjWb[Y[ bW Kd_l[hi_# ZWZ JƒYd_YW Z[ 7cXWje KJ7 [d bei [ijkZ_Wdj[i" bW cW‹WdW Z[ Wo[h [d [b |]ehW Z[ bW <WYkb# jWZ Z[ ?d][d_[h‡W [d I_ij[cWi i[ Z[iWhhebbŒ bW YWiW WX_[hjW [ijk# Z_Wdj_b Yece fWhj[ Z[b Fheo[Yje 9_kZWZWde gk[ i[ bb[lW WZ[bWdj[ [d bW _dij_jkY_Œd kd_l[hi_jWh_W$ EimWbZe FWh[Z[i" Z[YWde Z[ bW \WYkbjWZ" cWd_\[ijŒ gk[ W jhWlƒi Z[ [ij[ fheo[Yje [`[Yk# jWZe feh [b :[fWhjWc[dje Z[ ?Z_ecWi" i[ jkle bW l_i_jW Z[ bei Z[b[]WZei Z[b [ijWZe Z[ ?dZ_W# dW Z[ ;ijWZei Kd_Zei Z[ Deh# j[Wcƒh_YW$ 7]h[]Œ gk[ [b eX`[j_le Z[b fheo[Yje [i gk[ [b i[Yjeh [ijk# Z_Wdj_b Yed`kdjWc[dj[ Yed bei ZeY[dj[i i[ _dlebkYh[d [d bei fheXb[cWi ieY_Wb[i" gk[ ck# Y^Wi Z[ bWi l[Y[i fWiWd Z[ Z[i# Wf[hY_X_Zei fWhW bW ieY_[ZWZ$ :[djhe Z[ bei fheXb[cWi [nfk[ijei feh bei [ijkZ_Wdj[i kd_l[hi_jWh_ei" i[ ^WXbŒ ieXh[ [b h[Y_YbW`[ Z[ bW XWikhW" bW i[nkW#
ēŊŊ .2Ŋ#234"( -3#2Ŋ#7/42(#1.-Ŋ242Ŋ/1.8#!3.2Ŋ Ŋ+ 2Ŋ 43.1(" "#2Ŋ"#Ŋ+ Ŋ4-(5#12(" "Ŋ!.,.Ŋ"#+Ŋ#731 -)#1.ē
b_ZWZ o [b c[Z_e WcX_[dj[" fhe# i_jWh_e e Wb :[fWhjWc[dje Z[ fk[ijWi gk[ h[gk_[h[d Z[ c|i 8_[d[ijWh IeY_Wb Z[ bW KJ7$ _dl[ij_]WY_ÂŒd fWhW fed[hbei [d fh|Yj_YW [d bW ieY_[ZWZ$ FWh[Z[i" i[‹WbÂŒ gk[ jeZei bei fheo[Yjei ied l_WXb[i" f[he bei Z_h_][dj[i Z[b :[fWhjWc[dje Z[ ?Z_ecWi i[h|d gk_[d[i [b[]_h|d 1#"#2ĔŊ(-"(!¢Ŋ04#ĹŠ ĹŠÄƒ-#2ĹŠ"#ĹŠ, 8.ĹŠ#,/(#9 -ĹŠ+ 2ĹŠ$#23(5(" "#2ĹŠ"#ĹŠ+ ĹŠ$ !4+3 "ĹŠ Wb fheo[Yje ]WdWZeh gk[ j[dZh| 04#ĹŠ!4,/+#ŊĉćŊ  .2ĹŠ +ĹŠ2#15(!(.ĹŠ"#ĹŠ+ ĹŠ)45#-34"ĔŊ!.-ĹŠ242ĹŠ31#2ĹŠ! 11#1 2Ä“ [b Wfeoe Z[ bWi Z[b[]WY_ed[i gk[ 1 ĹŠ#+ĹŠÄŠÄˆĹŠ"#ĹŠ, 8.ĔŊ2#ĹŠ"#2 11.++ 1;ĹŠ+ ĹŠ$#1( ĹŠ"#ĹŠ/1.8#!3.2ĔŊ".-"#ĹŠ/ 13(!(/ 1;-ĹŠ+.2ĹŠ l_i_jWd bW KJ7$ #234"( -3#2ĹŠ"#ĹŠĹŠ+.2ĹŠ-(5#+#2ĹŠ24/#1(.1#2ĹŠ8ĹŠ04(#-#2ĹŠ#7/.-#-ĹŠ242ĹŠ-.5#".2.2ĹŠ/1.8#!Äą :[f[dZ_[dZe Z[b fheo[Yje" 3.2ĹŠ 2 ".2ĹŠ#-ĹŠ+ ĹŠ#+#!31¢-(! ĹŠ#ĹŠ(-$.1,;3(! ēŊŊ bW fhefk[ijW i[h| iec[j_ZW W Yedi[die [d [b 9edi[`e Kd_l[h#
#23(5(" "#2ĹŠ"#ĹŠ+ ĹŠ !4+3 " Ĺ—ĹŠĹŠ
! - $ (Ĺ‹ Ĺ‹' , -Ĺ‹ Ĺ‹& -Ĺ‹4)( -Ĺ‹,/, & (&& cWZh[i Z[ \Wc_b_W Z[ [iYW# iei h[Ykhiei [YedÂŒc_Yei" \k[# hed ^ec[dW`[WZWi [d c_ƒhYeb[i Wdj[h_eh" feh fWhj[ Z[ bWi :WcWi Z[b FWjhedWje Z[b =eX_[hde Fhe# l_dY_Wb Z[ Jkd]khW^kW" gk_[# d[i [ijkl_[hed WYecfW‹WZWi feh C_YW[bW L_bbWY‡i" i[‹eh_jW FWjhedWje$ BWi cWZh[i W]WiW`WZWi f[h# j[d[Y[d W bW Yeckd_ZWZ Z[ 9Wb# ^kW 9^_Ye o 9Wb^kW =hWdZ[ Z[ bW fWhhegk_W 7k]kije D$ CWhj‡# d[p" [b fhefÂŒi_je \k[ de Z[`Wh Z[ bWZe [b :‡W Z[ bW CWZh[$ BW i[dY_bb[p o YWh_‹e Z[b ]hk# fe Z[ ZWcWi Z[b FWjhedWje Fhe# l_dY_Wb i[ cWd_\[ijÂŒ c[Z_Wdj[ bW [djh[]W Z[ kd eXi[gk_e YeX_# `W o kd h[\h_][h_e gk[ \k[ cko X_[d h[Y_X_Ze bWi cWZh[i" gk[ [d ik cWoeh‡W" \k[hed ^ec[dW# `[WZWi feh fh_c[hW l[p$ 7 [ijW [cej_lW Y[b[XhWY_ÂŒd i[ kd_[hed bei d_‹ei Z[ bW Kd_# ZWZ ;ZkYWj_lW 9Wkfeb_Y|d"
ă
#23#) 1.-ĹŠ ĹŠ+ ĹŠ, "1#
Ĺ—ĹŠĹŠ
BW 7Zc_d_ijhWY_ÂŒd Z[ bW FbWpW 9‡l_YW o C[hYWZe KhX_# dW `kdje Yed bWi Yec[hY_Wdj[i Z[b i_j_e" eh]Wd_pWhed lWh_ei [l[djei Z[iZ[ [b fWiWZe . Z[ cWoe fWhW \[ij[`Wh [b ĂˆC[i Z[ bW CWZh[É$ Feh [bbe bW jWhZ[ Z[ Wo[h bWi l_lWdZ[hWi Y[b[XhWhed W ]kije Yed c‘i_YW o XW_b[" o jWcX_ƒd [b_]_[hed W bW ĂˆCWZh[ I‡cXebeÉ$
11(+ĹŠ!#11 ".
Ĺ—ĹŠ ĹŠBW :_h[YY_ÂŒd Z[ EXhWi F‘Xb_YWi Ckd_Y_fWb[i Z[djhe Z[ bW fbWd_Ă’YWY_ÂŒd Z[ [ij[ W‹e" fh[lƒ bW YedijhkYY_ÂŒd Z[ kd h[ZkYjeh Z[ l[beY_ZWZ [d bW Wl[d_ZW HeZh_]e FWY^Wde" i[Yjeh BW L_Yjeh_W$ Feh [bbe [ij| ikif[dZ_Ze ^WijW ^eo [b jh|Ă’Ye l[^_YkbWh Z[ kd YWhh_b [d i[dj_Ze dehj[#ikh" [djhWZW W 7cXWje Z[ &.0)& W '.0&&$ BW @[\WjkhW Fhel_dY_Wb Z[ 9edjheb Z[ Jh|di_je L_Wb Z[ Jkd]khW^kW [i bW [dYWh]WZW Z[ YeehZ_dWh Yed [b f[hiedWb d[Y[iWh_e [b ehZ[dWc_[dje Z[b jh|Ă’Ye l[^_YkbWh$
gk_[d[i W jhWlƒi Z[ fe[cWi" j‡j[h[i o XW_b[i i[ heXWhed kdW iedh_iW o bei WfbWkiei Z[ bWi cWZh[i fh[i[dj[i$ :[ _]kWb cWd[hW bei YWX_bZei Z[ WcXWi Yeckd_ZWZ[i" i[ ^_# Y_[hed fh[i[dj[i fWhW W]hWZ[# Y[h feh [b deXb[ ][ije Z[b FWjhe# dWje Fhel_dY_Wb o Z[b fh[\[Yje" <[hdWdZe DWhWd`e$
4#-3#ĹŠ 13~-#9ĹŠ !#11 ".ĹŠ/.1ĹŠ4- ĹŠ'.1
ŗŊ ŊFeh cej_le Z[b h[j_he Z[ kdW lWbbW fkXb_Y_jWh_W gk[ de i[ #23#) 1.-Ŋ -(5#12 1(.Ŋ"#+Ŋ -#! ēŊ 2Ŋ, "1#2Ŋ,48Ŋ!.-Ĺ 3#-3 2Ŋ1#!( (#1.-Ŋ#+Ŋ. 2#04(.Ŋ"#Ŋ+ 2Ŋ " , 2Ŋ"#+Ŋ/ 31.- 3.ē
ĹŠ ĹŠ Â&#x;
ĹŠ 2.!( !(¢-ĹŠ"#ĹŠ ,/+# ".2ĹŠ"#+ĹŠ -23(343.ĹŠ !(.- +ĹŠ"#ĹŠ 23 "~23(! ĹŠ8ĹŠ #-2.2Ŋĸ -#!ĚŊ #%(.- +ĹŠ #-31.ĔŊ!#+# 1 1.-ĹŠ 8#1ĹŠ242ĹŠÄŠÄŽĹŠ  .2ĹŠ"#ĹŠ!1# !(¢-ĹŠ !.-ĹŠ+ ĹŠ2#2(¢-ĹŠ2.+#,-#ĹŠ04#ĹŠ2#ĹŠ1# +(9¢Ŋ#-ĹŠ#+ĹŠ 4"(3.1(.ĹŠ"#ĹŠ+ ĹŠ 2 ĹŠ"#ĹŠ+ ĹŠ 4+341 ĹŠ ĂŒ!+#.ĹŠ"#ĹŠ 4-%41 '4 Ä“
[dYk[djhW [d bWi c[`eh[i Yed# Z_Y_ed[i" i[ ZWh| cW‹WdW [b Y_[hh[ cec[dj|d[e Z[b Fk[d# j[ Bk_i 7$ CWhj‡d[p W fWhj_h Z[ bWi '&0&&" feh [b bWfie de cWoeh W kdW ^ehW$ BWi Wkjeh_ZWZ[i ckd_Y_fWb[i f_Z[d Yecfh[di_Œd W bW Y_k# ZWZWd‡W feh bWi ceb[ij_Wi gk[ fk[Z[d YWkiWh [ijei jhWXW`ei$
ĹŠ ÂĄ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ
Ä…
7 Ä Ä…Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
; ".ĹŠ/ 23#+#1.
)3ŋ ŋ* ,.#,ŋ ŋ& -ŋÝúĆúúąŋ (ŋ&)-ŋ*, #)-ŋ &ŋ (.,)ŋ )' , # &ŋ , )&ąŋ& -ŋ ' -ŋ &ŋ )&/(. ,# )ŋ ŋ& ŋ ,/4ŋ )$ ŋ ŋ /(!/, "/ ŋ,  ,6(ŋ/( ŋ ,# ŋ ŋ* -. & -ąŋ )(ŋ& ŋð( &# ŋ ŋ, / ,ŋ )( )-ŋ +/ ŋ- ,6(ŋ -.#( )-ŋ ŋ& ŋ 3/ ŋ-) # &Ą
.+.! !(¢-Ŋ"#Ŋ+ Ŋ /1(,#1 Ŋ/(#"1 Ŋ
#+# 1 -ĹŠ -(5#12 1(.
ŗŊ ŊŊ7b Yedc[cehWh '. W‹ei Z[ l_ZW _dij_jkY_edWb" bei
Z_h[Yj_lei Z[ bW 9eef[hWj_# lW Z[ L_l_[dZW Ăˆ7cWd[Y[h FefkbWhÉ" h[Wb_pWhed [d Z‡Wi Wdj[h_eh[i bW i[i_ÂŒd ieb[cd[" ZedZ[ i[ h[YedeY_ÂŒ bW bWXeh ^[Y^W feh bei \kdZWZeh[i Z[ bW _dij_jkY_ÂŒd [d X[d[Ă’Y_e i[ iki c_[cXhei$ :[ _]kWb cWd[hW bW _dij_jkY_ÂŒd h[Wb_pWh| kd f[gk[‹e ^ec[# dW`[ W bWi cWZh[i Z[ \Wc_b_W gk[ ied ieY_Wi Z[ bW _dij_jk# Y_ÂŒd$ ;b WYje i[ h[Wb_pWh| ^eo W bWi (&0&&" [d bW I[Z[ IeY_Wb Z[ bW 9eef[hWj_lW kX_YWZW [d bW 7ieY_WY_ÂŒd Z[ ;cfb[WZei$
.-$.1, -ĹŠ 1(% " 2
Ĺ—ĹŠ ĹŠĹŠBei cehWZeh[i Z[b 8Whh_e IWdjW ;b[dW" f[hj[d[Y_[dj[ W bW fWhhegk_W Z[ IWd 8Wh# jebecƒ Z[ F_dbbe" [b_]_[hed [d Z‡Wi Wdj[h_eh[i W bW dk[lW Z_h[Yj_lW gk[ [ij| fh[i_Z_ZW feh HeZh_]e FheW‹e1 Z[ _]kWb cWd[hW i[ eh]Wd_pÂŒ bW 8h_]WZW Z[ I[]kh_ZWZ [d YedjhW Z[ bW :[b_dYk[dY_W$ :[djhe Z[ [ijW Xh_]WZW fWh# j_Y_fWd Wkjeh_ZWZ[i Y_l_b[i o feb_Y_Wb[i" gk_[d[i i[h|d bei [dYWh]WZei Z[ h[Wb_pWh bWi hedZWi deYjkhdWi Yeck# d_jWh_Wi fWhW Z[iWbe`Wh W bei Z[b_dYk[dj[i gk[ WY[Y^Wd bei Wbh[Z[Zeh[i Z[ bW fWhhegk_W" [if[Y_Wbc[dj[ feh [b cedk# c[dje W bW Fh_c[hW ?cfh[djW$
Ĺ—ĹŠĹŠ
ćĉŊ
Ŋ "#Ŋ"¢+ 1#2Ŋ !.23 1;Ŋ+ Ŋ!.-Ĺ 2314!!(¢-Ŋ"#+Ŋ '.2/(3 +ē
ēŊ 43.1(" "#2Ŋ!(5(+#2ĔŊ/.+(!( +#2Ŋ8Ŋ,(+(3 1#2Ŋ2#Ŋ"(#1.-Ŋ!(3 Ŋ Ŋ3 -Ŋ(,/.13 -3#Ŋ !3.Ŋ"#Ŋ+ Ŋ 149Ŋ .) Ŋ"#Ŋ 4-%41 '4 ēŊ
,)3 . (Ĺ‹(/ 0)Ĺ‹")-*#. &Ĺ‹ Ĺ‹& Ĺ‹ ,/4Ĺ‹ )$ Ĺ‹ (Ĺ‹ 4 ' Ĺ‹ .-ĹŠ#23 ĹŠ-4#5 ĹŠ8ĹŠ ,."#1- ĹŠ#"(ă! Äą !(¢-ĔŊ+ ĹŠ 3#-!(¢-ĹŠ ,_"(! ĹŠ2#1;ĹŠ,;2ĹŠ ;%(+ĹŠ8ĹŠ,#).1Ä“ BW _cfb[c[djWY_ÂŒd Z[ lWh_Wi [i# f[Y_Wb_ZWZ[i Yed [b h[if[Yj_le [gk_fWc_[dje" kd XWdYe Z[ iWd# ]h[ ceZ[hde" o |h[Wi Z[ij_dWZWi
W bW h[^WX_b_jWY_Œd Z[ fWY_[dj[i" ied fWhj[ Z[ bei dk[lei i[hl_Y_ei gk[ ZWh| bW 9hkp He`W Z[ Jkd]k# hW^kW 9HJ " [d ik dk[le >eif_# jWb Z[b :‡W gk[ [ijWh| kX_YWZe [d
bW fWhhegk_W Z[ ?pWcXW" i[Yjeh Z[b 7[hefk[hje Z[ 9^WY^e|d$ FWhW _d\ehcWh W bW Yeb[Yj_# l_ZWZ ieXh[ [ij[ fheo[Yje" [d fh[i[dY_W Z[ Wkjeh_ZWZ[i Z[ bW fhel_dY_W" bei Z_h[Yj_lei Z[ [ijW [dj_ZWZ Z[ ieYehhe1 Wo[h [d bW cW‹WdW i[ ^_pe kd fhe]hWcW fWhW YebeYWh bW fh_c[hW f_[ZhW [d [b j[hh[de Z[ ) c_b (&& c[# jhei YkWZhWZei ZedZ[ i[ Yedi# jhk_h| Z_Y^e ^eif_jWb$ M_bied Ehj_p " fh[i_Z[dj[ Z[ bW 9HJ" Z_`e gk[ bW Z[cWdZW Z[ Wj[dY_Œd cƒZ_YW [d bei ‘bj_cei W‹ei i[ ^W _dYh[c[djWZe o [i _d# Z_if[diWXb[ YedjWh Yed dk[lei Y[djhei ^eif_jWbWh_ei$ 7]h[]Œ gk[ [b j[hh[de ZedZ[
i[ Yedijhk_h| [b dk[le ^eif_jWb \k[ ZWZe [d YeceZWje feh [b Ckd_Y_f_e Z[ 7cXWje W bW 9hkp He`W1 [d bW WYjkWb_ZWZ bW ckd_Y_# fWb_ZWZ Ă’dWdY_W [b Y[hhWc_[dje Z[b j[hh[de Yed kd cedje Z[ +& c_b ZÂŒbWh[i$ ;b >eif_jWb Z[b :‡W f[hc_j_h| Z[iYed][ij_edWh bW Wj[dY_ÂŒd cƒ# Z_YW [d [b >eif_jWb :eY[dj[ Z[ 7cXWje o Z[ ejhei Y[djhe ^ei# f_jWbWh_ei Z[ bW beYWb_ZWZ1 WZ[# c|i Xh_dZWh| Wj[dY_ÂŒd cƒZ_YW W bei fWY_[dj[i gk[ l[d]Wd Z[iZ[ ejhWi fhel_dY_Wi$ (2# .ĹŠ"#+ĹŠ'.2/(3 +ĹŠ ;ij[ 9[djhe >eif_jWbWh_e i[h| Z[ YkWjhe fbWdjWi Z_l_Z_Ze Z[ bW i_#
)-., ,)(Ĺ‹ *,)3 .)-Ĺ‹ / .#0)-Ĺ‹
+ 4241 -ĹŠ3 ++#1ĹŠ $ 1, !_43(!.
Ĺ—ĹŠ ĹŠĹŠBk[]e Z[ kd c[i Z[ YWfWY_# jWh W bei Wkn_b_Wh[i Z[ \Wh# cWY_W" feh fWhj[ Z[b 9eb[]_e Gk‡c_Ye <WhcWYƒkj_Ye o 8_egk‡c_Ye <WhcWYƒkj_Ye Z[ Jkd]khW^kW" ^eo W fWhj_h Z[ bWi '.0&&" i[ Z[iWhhebbWh| [b [l[dje Z[ YbWkikhW$ 7Yj_l_ZWZ gk[ i[ h[Wb_pWh| [d [b 7kZ_jeh_e Z[ bW ?dij_jk# Y_ÂŒd" kX_YWZe [d [b f_ie i_[j[ Z[b [Z_Ă’Y_e Z[ bW CkjkWb_ijW 7cXWje$
1 ĹŠ#+ĹŠ#$#!3.ĔŊ/ 13(!(/ 1.-ĹŠ+ 2ĹŠ 43.1(" "#2ĹŠ/1.5(-!( +#2ĹŠ8ĹŠ+.2ĹŠ"(1#!Äą 3(5.2ĹŠ"#ĹŠ+ ĹŠ 149ĹŠ .) ĹŠ"#ĹŠ 4-%41 '4 ĔŊ 04(#-#2ĹŠ!.+.! 1.-ĹŠ+ ĹŠ/1(,#1 ĹŠ/(#"1 ĹŠ 04#ĹŠ2(, .+(9 ĹŠ+ ĹŠ#"(ă! !(¢-ĹŠ"#ĹŠ24#Äą  .2ĹŠ8ĹŠ#2/#1 -9 2ĹŠ/ 1 ĹŠ+.2ĹŠ/ !(#-3#2ĹŠ 04#ĹŠ-#!#2(3 -ĹŠ"#ĹŠ 3#-!(¢-ĹŠ,_"(! Ä“ +ĹŠ!.23.ĹŠ"#ĹŠ+ ĹŠ!.-2314!!(¢-ĹŠ"#+ĹŠ !#-31.ĹŠ'.2/(3 + 1(.ĹŠ2#1;ĹŠ"#ĹŠ".2ĹŠ ,(++.-#2ĹŠ"#ĹŠ"¢+ 1#2ĹŠ/."1;ĹŠ#23 1ĹŠ#-ĹŠ $4-!(.- ,(#-3.ĹŠ#-ĹŠ".2ĹŠ  .2ĹŠ /1.7(Äą , " ,#-3#Ä“
BW Kd_ZWZ ;ZkYWj_lW 9ebkcX_W" h[Wb_pŒ bW cW‹WdW Z[ Wo[h" kdW YWiW WX_[hjW ZedZ[ Z_e W YedeY[h
.,#- )# 1.-ĹŠ ĹŠ+ 2ĹŠ, "1#2
.-ĹŠ/1#2#-3 !(.-#2ĹŠ 13~23(! 2ĔŊ. 1 2ĹŠ"#ĹŠ3# 31.ĹŠĹŠ8ĹŠ+ ĹŠ 2(23#-!( ĹŠ, 2(Äą 5 ĹŠ"#ĹŠ+.2ĹŠ#234"( -3#2ĹŠ"#ĹŠ+ ĹŠ -(" "ĹŠ "4! 3(5 ĹŠ 3#- 2ĔŊ2#ĹŠ1# +(9¢Ŋ+ ĹŠ ,  - ĹŠ"#ĹŠ 8#1ĔŊ#+ĹŠ/1.%1 , ĹŠÄĽ ĂŒ2(! ĹŠ8ĹŠ # 31.ĹŠ#-ĹŠ'.,#- )#ĹŠ ĹŠ+ ĹŠ "1#ČĔŊ#-ĹŠ#+ĹŠ 4"(3.1(.ĹŠ"#+ĹŠ . (#1-.ĹŠ 1.5(-!( +ĹŠ"#ĹŠ 4-%41 '4 Ä“
YWZW kde Z[ bei fheo[Yjei [cfh[# iWh_Wb[i gk[ \k[hed [bWXehWZei feh bei [ijkZ_Wdj[i Z[b fbWdj[b$ 7‡ZW =Wl_bWd[i" Z_h[YjehW Z[ bW _dij_jkY_Œd" cWd_\[ijŒ gk[ bei Wbkcdei [d Yed`kdje Yed bei cW[ijhei h[Wb_pWhed Z_Y^ei fhe# o[Yjei gk[ i[ XWiWd [d [b Yk_ZW# Ze Z[b c[Z_e WcX_[dj[ o ied kd
]k_[dj[ cWd[hW0 [d [b ikXik[be
i[ [gk_fWh|d bWi |h[Wi Z[ hWZ_e# ]hW\‡W" jece]hW\‡W" cWce]hW\‡W" [Ye]hW\‡W" h[iedWdY_W cW]dƒj_YW o YkWhjei \h‡ei fWhW bW Yedi[hlW# Y_ÂŒd Z[ fheZkYjei iWd]k‡d[ei$ ;d bW fbWdjW XW`W i[ Yedijhk_# h| [b 8WdYe Z[ IWd]h[ CeZ[hde WYehZ[ W bei h[gk[h_c_[djei jƒY# d_Yei iWd]k‡d[ei o gk[ jhWXW`Wh| Yed [b >[ceY[djhe DWY_edWb$ EjhWi |h[Wi Yece bWi f_iY_# dWi Z[ h[^WX_b_jWY_ÂŒd" \WhcWY_W" Y[djhe Z[ WcXkbWdY_Wi" Wj[dY_ÂŒd _dj[hdW o [nj[hdW" bWXehWjeh_ei Yb‡d_Yei gk[ i[ _h|d _cfb[c[d# jWdZe [d bei f_iei Z[b ^eif_jWb Yed\ehc[ fWi[ [b j_[cfe o i_]W [b _dYh[c[dje Z[ fWY_[dj[i$ Wfehj[ W bW ieY_[ZWZ$ BW [bWXehWY_ÂŒd Z[ Y^eYebWj[i" ][b Wdj_iƒfj_Ye" jWh`[jWi" bbWl[hei o Ă“eh[i \k[hed bei jhWXW`ei [n# fk[ijei1 Yed bW Ă’dWb_ZWZ Z[ gk[ Wfh[dZWd W Yece Yedijhk_h iki c_Yhe[cfh[iWi W \kjkhe$ :[ _]kWb cWd[hW" bei Wbkcdei Z[b fh[a_dZ[h" h[Wb_pWhed kdW [n# fei_Y_ÂŒd ieXh[ bWi Z_ij_djWi fhe# \[i_ed[i" fWhW gk[ W \kjkhe bei d_‹ei i[fWd [b[]_h kdW YWhh[hW WYehZ[ W iki Wfj_jkZ[i1 [d [b |h[W Z[ c‘i_YW bei d_‹ei YWdjWhed lW# h_Wi _dj[hfh[jWY_ed[i$ =Wl_bWd[i" ieijkle gk[ Z[djhe Z[ bei fbWd[i _dij_jkY_edWb[i [ij| bW Wcfb_WY_ÂŒd Z[b [ifWY_e \‡i_Ye Z[b fbWdj[b" fWhW WYe][h W c|i d_# ‹ei gk[ l_[d[d Z[ ejhei i[Yjeh[i$
.+.! -ĹŠ 2#2ĹŠ"#+ĹŠ,#1! ".
-ĹŠ%14/.ĹŠ"#ĹŠ/#12.- 2ĹŠ31 ) -ĹŠ#-ĹŠ+ ĹŠ/+ -3 !(¢-ĹŠ"#ĹŠ+ 2ĹŠ 2#2ĹŠ".-"#ĹŠ2#ĹŠ 2#-3 1;ĹŠĹŠ+ ĹŠ,."#1-.ĹŠ#"(ă! !(¢-ĹŠ"#+ĹŠ,#1! ".ĹŠ "#ĹŠ #+(+#.ĹŠÄĽ #/ĂŒ +(! ĹŠ"#ĹŠ 1%#-3(- ČēŊ -ĹŠ+ ĹŠ!.+#!3(5(" "ĹŠ' 8ĹŠ#-342( 2,.ĹŠ$1#-3#ĹŠ ĹŠ#23#ĹŠ/1.8#!3.ĔŊ/4#2ĹŠ,4!'.2ĹŠ!.(-!("#-ĹŠ #-ĹŠ04#ĹŠ+ ĹŠÄĽ (4" "ĹŠ 94+ÄŚĹŠ,#1#!#ĹŠ#2/ !(.2ĹŠ1#$#1#-3#2ĔŊ04#ĹŠ/#1,(3 ĹŠ2#%4(1ĹŠ% - -".ĹŠ#2/ !(.ĹŠ#-31#ĹŠ+ 2ĹŠ%1 -"#2ĹŠ!(4" "#2ĹŠ "#+ĹŠ!#-31.ĹŠ"#+ĹŠ/ ~2Ä“
7 Ä Ä…Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
-. ,v (ŋ-#(ŋ, /,-)-ŋ* , ŋ . ( ,ŋ(/ 0 ŋ ' ,! ( # -Ŋ! 2.Ŋ"#Ŋ#,#1Ĺ %#-!( ĔŊ+ 2Ŋ 43.1(Ĺ " "#2Ŋ-.Ŋ/."1~ -Ŋ 2.+5#-3 1Ŋ 84" 2Ŋ / 1 Ŋ+.2Ŋ $#!3 ".2ēŊ
;d bW h[kd_Œd Z[b 9ec_jƒ Z[ Ef[# hWY_ed[i ;c[h][dj[i 9E; Z[ Jkd]khW^kW" 9W_pWXWdZW ^_pe ik fhedkdY_Wc_[dje Wb _]kWb gk[ ejhei WbYWbZ[i Z[ bW fhel_dY_W"
Ĺ‹ 3/ )( &/3š Kd jejWb Z[ /, jed[bWZWi Z[ h[# Y^Wpe Z[ XWdWde o ,&& gk_d# jWb[i Z[ XWbWdY[WZe Z_ijh_Xko[# hed W bei W\[YjWZei feh bW YW‡ZW Z[ Y[d_pW feh _dj[hc[Z_e Z[b Ckd_Y_f_e Z[ F[b_b[e$ BW Z_ijh_XkY_ÂŒd Z[b h[Y^Wpe o XWbWdY[WZe YedYbkoÂŒ [b ‘bj_ce c_ƒhYeb[i '' Z[ cWoe" YkWdZe i[ [djh[]ÂŒ [ij[ Wb_c[dje [d bW fW# hhegk_W =WhY‡W Ceh[de o ejhei i[Yjeh[i Z[ bW fWhhegk_W 9ejWbÂŒ$ LWb[ h[iWbjWh gk[ [b Ckd_Y_# f_e Z[ F[b_b[e Z_ifkie Z[ '. c_b ZÂŒbWh[i fWhW W\hedjWh bW [c[h# ][dY_W o gk[ [b h[fWhje" i[]‘d bWi Wkjeh_ZWZ[i" i[ be ^_ne Z[ \ehcW [gk_jWj_lW WYehZ[ W bWi d[Y[i_ZWZ[i Z[ YWZW fWhhegk_W$
ēŊ ! 1#- ĹŠ ,.2ĔŊ1#(- ĹŠ "#ĹŠ #+(+#.ĹŠÄ‰Ä‡ÄˆÄˆÄ“
#( Ĺ‹" ,6Ĺ‹ ")' ( $ Ĺ‹ Ĺ‹& Ĺ‹' ,
Kd cedje Z[ '. c_b ZŒbWh[i" Yed [b gk[ YedjWXW [b Ckd_Y_f_e Z[ F[b_b[e fWhW Wj[dZ[h bWi [c[h# ][dY_Wi \h[dj[ W bWi h[WYj_lWY_e# d[i Z[b lebY|d Jkd]khW^kW" i[ _dl_hj_Œ [d bW ‘bj_cW [c[h][d# Y_W$ I[]‘d [b WbYWbZ[ CWdk[b 9W_pWXWdZW" bei h[Ykhiei gk[" [d [b (&&." i[ Z[ij_dWhed W bW Ckd_Y_fWb_ZWZ fWhW iebl[djWh bWi d[Y[i_ZWZ[i Z[ bei feXbWZe# h[i Z[ bWi pedWi W\[YjWZWi feh bW Y[d_pW lebY|d_YW" \k[hed _d# l[hj_Zei [d ik jejWb_ZWZ$ >Wo fh[eYkfWY_Œd [d [b Xkh]ecW[ijh[ [d gk[ i[ ][# d[h[ kdW dk[lW h[WYj_lWY_Œd gk[ YWki[ c|i [ijhW]ei [d bWi feXbWY_ed[i Wb[ZW‹Wi o de i[ j[d]W bei Z_d[hei fWhW WZgk_# h_h bei _dikcei o cWj[h_Wb[i d[Y[iWh_ei fWhW ikXiWdWh bei Z_\‡Y_b[i cec[djei gk[ j_[d[d gk[ WjhWl[iWh iki Yej[hh|d[ei$ !!(.-#2
Ć
ēŊ -ĹŠ+ ĹŠĂŒ+3(, ĹŠ#,#1%#-!( ĹŠ5.+!;-(! ĔŊ+.2ĹŠ1#!412.2ĹŠ2#ĹŠ"#23(- 1.-ĹŠ/ 1 ĹŠ1#!' 9.ĹŠ8ĹŠ + -!# ".ĹŠ"#ĹŠ+.2ĹŠ -(, +#2Ä“
fWhW gk[ W jhWlƒi Z[ bWi f[j_je# h_Wi Wb 9E; dWY_edWb i[ fk[ZWd YWdWb_pWh dk[lei h[Ykhiei$ Æ;i _cfehjWdj[ gk[ bei Z_#
d[hei bb[]k[d W j_[cfe" fehgk[ Z[X[cei [ijWh b_ijei fWhW Wi_i# j_h bWi d[Y[i_ZWZ[i Z[ bWi fe# XbWY_ed[i Z[ \ehcW kh][dj[ o
,' (Ĺ‹*& (Ĺ‹ Ĺ‹., $)Ĺ‹ )(Ĺ‹ ,. - ()-Ĺ‹ Ĺ‹$ (Kd dk[le WY[hYWc_[dje [djh[ Wbjei \kdY_edWh_ei Z[b C_d_ij[# h_e Z[ ?dZkijh_Wi o FheZkYj_l_# ZWZ C_fhe " jƒYd_Yei Z[b Ck# d_Y_f_e Z[ F[b_b[e o Whj[iWdei Z[b `[Wd i[ [\[YjkÂŒ [ij[ YWdjÂŒd$ ;ij[ Z_|be]e f[hc_j_ÂŒ Yed# Yh[jWh jWbb[h[i Z[ YWfWY_jWY_ÂŒd gk[ X[d[Ă’Y_Wh|d Z_h[YjWc[d# j[ W bei Whj[iWdei" gk[ i[ [c# f[pWh|d W YedYh[jWh Z[iZ[ [b `k[l[i '/ Z[ cWoe" YkWdZe i[ Z[iWhhebb[ kd fh_c[h i[c_dW# h_e Yed [b j[cW Z[ Ăˆ7ieY_Wj_l_# ZWZÉ$ :[ W^‡ [d WZ[bWdj[ i[ eh# ]Wd_pWh|d c|i [l[djei gk[ XkiYWd gk[ bei Whj[iWdei i[Wd
c|i de YkWdZe [b ZW‹e oW [ij| fWiWdZe o de i[ fk[Z[ ^WY[h ckY^eÇ" ieijkle bW Wkjeh_ZWZ f[b_b[‹W$
;b leYWY_ÂŒd Wb i[hl_Y_e ieY_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 ]hWdZ[ o Xed# ZWZeie fWhW h[dZ_h kd `kije ^ec[dW`[ Wb i[h c|i ikXb_c[ Z[ bW j_[hhW" bW cWZh[$ Feh [bbe bW ieX[hWdW" [d Wfeoe Z[b WbYWbZ[ CWdk[b 9W_# pWXWdZW o bWi ZWcWi Z[b FWjhe# dWje Ckd_Y_fWb j_[d[d fh[l_ije h[Wb_pWh WYjei [if[Y_Wb[i$ FWhW cW‹WdW [ij| fhe]hW# cWZe h[Wb_pWh kdW YWhWlWdW Whj‡ij_YW cki_YWb o bW [djh[]W Z[ eXi[gk_ei W bWi cWZh[i Z[ [iYW# iei h[Ykhiei Z[ bWi fWhhegk_Wi Z[b YWdjÂŒd$ 7i_c_ice" fWhW bW cW‹W# dW Z[b (( [ijW fhe]hWcWZe kd [l[dje jkdd_d] o [d bW jWhZ[ '*0&& kd i^em Whj‡ij_Ye Yed bW fWhj_Y_fWY_ÂŒd Z[ Z[ijWYWZei ehgk[ijWi Yece0 CW]_W D[]hW o Im_d] BWj_de1 jWcX_ƒd [ijWh| fh[i[dj[ >eb][h Ăˆ;b Hec|dj_YeÉ" B_ii[jj[ FWh[Z[i" [djh[ ejhei$ ;b :[fWhjWc[dje Z[ 9kbjkhW Z[b Ckd_Y_f_e o bW 7ieY_WY_ÂŒd (* Z[ :_Y_[cXh[" gk[ bW _dj[# ]hWd bWi f[hiedWi gk[ jhWXW`W [d [b Yecfb[`e h[Yh[WY_edWb ĂˆBW CeoWÉ" Yedjh_Xko[d [d bW bWXeh$
9?D;C7HA ēŊ .2Ŋ/1."4!3.1#2Ŋ/#+(+# .2Ŋ 2.-Ŋ,48Ŋ1#!.-.!(".2Ŋ#-Ŋ3.".Ŋ#+Ŋ/ ~2ē
c|i fheZkYj_lei o Yecf[j_j_# lei$ I[ ^WY[ kd bbWcWZe Wb h[ije Z[ Whj[iWdei W]h[c_WZei e de" W gk[ i[ kdWd W [ij[ fheo[Yje$
§ ć 0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
7 Ĺ?Ä Ä…Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
-Ŋ,4!' 2Ŋ .! 2(.-#2Ŋ + Ŋ+#!341 Ŋ"#Ŋ 4-Ŋ+( 1.Ŋ' Ŋ'#!'.Ŋ + Ŋ$.134- Ŋ"#Ŋ4-Ŋ '., 1#ĔŊ"#!("(#-Ĺ ".Ŋ#+Ŋ!412.Ŋ"#Ŋ24Ŋ 5(" Ģē
.Ŋ04#Ŋ2#Ŋ"#) Ŋ #7/1#2 1ĔŊ "# #Ŋ2#1Ŋ"(!'.Ŋ "#Ŋ$.1, Ŋ!+ 1 ėŊ 2. 1#Ŋ+.Ŋ04#Ŋ-.Ŋ2#Ŋ /4#"#Ŋ' + 1ĔŊ#2Ŋ ,#).1Ŋ! ++ 1ĢēŊ
ĹŠ ĹŠ
: ĹŠ ĹŠ
ĹŠ
(2(3 Ŋ"#Ŋ+~"#1#2Ŋ "#Ŋ 4/341 ŊĉĎ
;b '' Z[ cWoe" CWh‡W FWk# bW Hece o @kWd I[XWij_|d HebZ|d" b‡Z[h[i dWY_edWb[i Z[b Cel_c_[dje Feb‡j_Ye Hkf# jkhW (+" l_i_jWhed 7cXWje fWhW cWdj[d[h kdW h[kd_ÂŒd Z[ jhWXW`e Yed c_b_jWdj[i o i_cfWj_pWdj[i Z[b cel_c_[dje [d bW i[Z[ Z[ bW eh]Wd_pWY_ÂŒd$ ;ij[ [dYk[djhe jkle Yece eX`[j_lei [b [lWbkWh bei h[ikb# jWZei Z[ bW 9edikbjW FefkbWh o fbWd_Ă’ YWh bWi fhÂŒn_cWi WYY_ed[i W Z[iWhhebbWhi[ [d bW fhel_dY_W$ I[]‘d CWh‡W FWkbW Hece Æbei h[ikbjWZei Z[ bW 9edikbjW FefkbWh de ied bW l_Yjeh_W Z[ d_d]‘d Z_h_][dj[ feb‡j_Ye" ied bWi j[i_i Z[ Z[h[Y^ei" b_X[hjW# Z[i o [gk_b_Xh_e Z[ feZ[h bWi gk[ i[ ^Wd Z[XWj_Ze o ^Wd Yh[Y_Ze [d [ijWi i[cWdWi" [ie [i iWde fWhW [b ;YkWZeh [d ik Yed`kdje o Z[X[cei [ijWh eh]kbbeiei Z[ [i[ Yh[Y_c_[dje Z[ceYh|j_Ye$ ;b fk[Xbe [ij| ^WY_[dZe kd bbWcWZe Z[ce# Yh|j_Ye gk[ [if[hWcei gk[ [b Fh[i_Z[dj[ be [iYkY^[$ H[if[# jWh bW lebkdjWZ Z[b fk[Xbe de iebe [i WYe][h bei h[ikbjWZei ]WdWZeh[i" gk[ _dZkZWXb[# c[dj[ cWhYWd kd YWc_de" i_de WYe][h bei cWj_Y[i Z[ gk_[d[i lejWhed feh bWi j[i_i YedjhWh_WiÇ Feh ik fWhj[ @kWd I[XWij_|d HebZ|d cWd_\[ijÂŒ gk[ Æd_ gk_[d[i ^Wd lejWZe feh [b I? ^Wd Ă’ hcWZe kd Y^[gk[ [d XbWdYe1 d_ gk_[d[i lejWhed feh [b DE [ij|d [d YedjhW Z[b Hƒ]_c[d e ied iki efei_jeh[i$ 7b fW‡i [dj[he b[ _dj[h[iW bW `kij_Y_W o gk_[h[d gk[ [ijW i[W _dZ[f[dZ_[dj[1 Wb fW‡i [dj[he b[ _cfehjW bW i[]kh_# ZWZ o h[gk_[h[ Z[ h[ifk[ijWi _dj[]hWb[i [ _dj[]hWZehWi$ ;b ]eX[hdWdj[ fk[Z[ WYjkWh Yed i[h[d_ZWZ e ieij[d[h [b Yb_cW Z[ febWh_pWY_ÂŒd1 [iYkY^Wh Yed ^kc_bZWZ W bei Y_kZWZWdei o Y_kZWZWdWi Z[ bWi Z_\[h[dj[i j[dZ[dY_Wi1 e cWdj[d[h bW bÂŒ]_YW Z[ Xk[dei o cWbei gk[ jWdje ZW‹e b[ ^WY[ W bW Z[ce# YhWY_W" Wb Z[XWj[ o Wb ;YkWZeh [d ][d[hWbÇ$ 1(!(.ĹŠ #5 ++.2 ..1"(- ".1ĹŠ 4-%41 '4
ĹŠ ĹŠ ĹŠ Ä– ! 13 2 +"(1#!3.1Äž+ '.1 Ä“!.,Ä“#! 2(++ ĹŠÄˆÄ?ĈÄ?Ä‰ÄŒÄŠĹŠ ĹŠ.ĹŠ!4 +04(#1 ĹŠ "#ĹŠ-4#231 2ĹŠ %#-!( 2Ä“ #04(2(3.2Ä–ĹŠ ., 1#2ĹŠ8ĹŠ /#++(".2ĹŠ!.,/+#3.2Ä—ĹŠ-ĂŒ,#Äą 1.ĹŠ"#ĹŠ _"4+ Ä—ĹŠ3#+_$.-.ĹŠÄ¸ÄƒĹŠ).ĚėŊ"(1#!!(¢-ĹŠ".,(!(+( 1( ĹŠ .ĹŠ"#ĹŠ31 ).ĹŠ8ĹŠ!.11#.ĹŠ#+#!31¢-(!.Ä“
Ä? Y Ĺ‹ Ĺ‹ Ĺ‹ Ĺ‹ ÄŽ
>kXe kd j_[cfe [d gk[ bei c_[cXhei Z[b ]WX_# d[j[ c_d_ij[h_Wb WfWh[Y‡Wd cko hWhW l[p [d bei c[Z_ei Z[ Yeckd_YWY_Œd _dZ[f[dZ_[dj[i$ 7 f[iWh Z[ i[h _dl_jWZei" Xh_bbWXWd feh ik Wki[d# Y_W o i[ Z[Y‡W gk[ i[ b[i ^WX‡W fhe^_X_Ze WYkZ_h W [bbei$ >eo [i jeZe be YedjhWh_e0 WiWcXb[‡ijWi Z[b e\_Y_Wb_ice" c_d_ijhei o Wbb[]WZei Wb Yehh[‡i# ce Z[i\_bWd feh kdei c[Z_ei gk[ ik `[\[ de i[ YWdiW Z[ YWb_\_YWh Z[ Yehhkfjei" Wb i[hl_Y_e Z[ bW fWhj_ZeYhWY_W o bW eb_]Whgk‡W$ ;ijW jekhdƒ[ jWb l[p i[ Z[XW W bW _d[\_YWY_W Z[b Yed]bec[hWZe Z[ c[Z_ei gk[ [b =eX_[hde de ^W iWX_Ze [nfbejWh feb‡j_YWc[dj[" f[i[ W bei c_bbed[i Z[ ZŒbWh[i Z[ bei Yedjh_Xko[dj[i gk[ YWZW W‹e _dl_[hj[ [d [bbei$ Gk_p|i i[W kdW cWd[hW ikj_b Z[ i_]d_\_YWh bW jehf[pW e [b feYe fhe\[i_edWb_ice Z[ gk_[d[i fheZkY[d" YedZk# Y[d o ikijWdY_Wd iki fhe]hWcWi$
} ĹŠ ĹŠ ĹŠ }
ŋ .3ŋ3ŋ & ŋ & ) " ;d j_[cfei Z_\‡Y_b[i Yece bei oW WYeijkcXhWZei [d dk[ijhe fW‡i" de i[ iWX[ i_ [dY[dZ[h e de [b j[b[l_ieh" gk_jWdZe jeZe be cWbe feYe j_[d[ Z[ Xk[de o de feh bW YWb_ZWZ Z[ fhe]hW# cWi e j[b[del[bWi gk[ Wb \_d o Wb YWXe ied ]k_ed[i Z_i[‹WZei fWhW jeZei bei ]kijei" Yece h[\_[h[ bW iWX_Zk# h‡W fefkbWh ÆYWZW fheZkYje j_[d[ ik Yedikc_Zeh o YWZW [if[Yj|Ykbe ik fkXb_YeÇ$ >W]e h[\[h[dY_W Wb i_d \_d Z[ [f_ieZ_ei cWZ[ _d [YkWZeh"
JWb l[p bW jekhdƒ[ de [ijƒ cej_lWZW feh [b W\|d Z[ [ijWh [d jeZWi fWhj[i jeZe [b j_[cfe" i_de fehgk[ [b f‘Xb_Ye j[b[l_Z[dj[" bei hWZ_e# [iYkY^Wi e bei b[Yjeh[i Z[ fh[diW [ij|d ^Whjei fh[Y_iWc[dj[ Z[ [bbe$ JWb l[p bei \_[b[i o Z_i# Y_fb_dWZei YebWXehWZeh[i Z[b Fh[i_Z[dj[" feh bei YkWb[i ƒb [ij| Z_ifk[ije W c[j[h bWi cWdei [d [b \k[]e" i[Wd bei gk[ d[Y[i_jWd kd kh][dj[ h[\WYY_edWc_[dje$ BW l_ZW fWbWY_[]W de iebe [cXejW [b [dj[d# Z_c_[dje" i_de gk[ Wb[`W W gk_[d[i bW Z_i\hkjWd Z[ bW gk[ l_l[d iki ]eX[hdWZei" [i Z[Y_h" [iW Æfb[X[Ç gk[ de iWX[ Z[ bei ]hWdZ[i fheo[Yjei o bWi ]hWdZ[i _Z[Wi Yed bWi gk[ bei Æh[lebk# Y_edWh_ei Z[ bW Yehj[Ç Wif_hWd W Yedijhk_hb[ [b fWhW‡ie j[hh[dWb$ JWb l[p i[W [b cec[dje Z[ cWdZWhbei W ik YWiW" f[he Âľgk_ƒd b[ fed[ [b YWiYWX[b Wb ]Wje5
cWj_pWZei Z[ l_eb[dY_W Z[ jeZe ][d[he1 i_djed_pWh bei dej_Y_[hei Yed [b _d[l_jWXb[ i[]c[dje Z[ YhŒ# d_YW he`W [i Yecfb_YWZe" lkbd[hW bW iWbkZ c[djWb Z[ bei [if[YjWZeh[i$ 9ed [b I? o [b DE WYWXWcei Z[ Y[hhWh kd YWf‡jkbe c|i [d bW l_ZW feb‡j_YW Z[b ;YkWZeh o Z[ceYh|j_YW Z[b fk[Xbe" bWi fWi_ed[i de i[ ^Wd WfWhjWZe Z[ bW [iYWbWZW Z[ l_eb[d# Y_W" bW i[h[d_ZWZ o bW h[ifk[ijW h[i# fediWXb[ Z[b CWdZWjWh_e 9ehh[W W [ijW `ehdWZW [i bW gk[ dei Z[X[ W bei cWdZWdj[i kdW l[p YedeY_Zei bei h[ikbjWZei e\_Y_Wb[i" dWZW c|i Y[hj[he gk[ Wfh[dZ[h Z[ bW [nf[# h_[dY_W Wkdgk[ [ijW kdWi l[Y[i dei Yk[ijW j_[cfe" ejhWi Z_d[he o bW c|i ]hWl[ bW l_ZW$ I_d [cXWh]e" Z[ bei X[ceb[i gk[ [b Z_Wh_e l_l_h dei Xh_dZW ^Wo l_l[d# Y_Wi gk[ dei WhhWdYWd c|i Z[ kdW iedh_iW" b|]h_cWi" bW lWbehWY_Œd Z[ ik _deY[dY_W e gk_p| dei _dlebkYhWd
[d ik \WdjWi‡W" [bbei ied bei d_‹ei% Wi" W l[Y[i _dWZl[hj_Zei feh bei WZkb# jei" i_d h[fWhWh gk[ [b j_[cfe fWiW" Yh[Y[d" Z[iWhhebbWd o Z[ fhedje oW de dei f[hj[d[Y[d$ ;d [ij[ [ifWY_e YecfWhje bW Wc_ijWZ [djh[ CWj_bZ[ o C[bYeY^W" CWjo" jhW`e ik Yeb[YY_Œd Z[ Yk[djei o i[ WYeceZŒ Wbh[Z[Zeh Z[ ik dk[lW Wc_]W fWhW gk[ b[ [iYk# Y^WhW bWi dWhhWY_ed[i [d \kdY_Œd Z[ bei Z_Xk`ei" YbWhe Z[ hWje fh[]kdjŒ W ik Zk[‹W i_ iWX_W b[[h" h[ifedZ_ƒd# Zeb[ gk[ fhedje Wfh[dZ[h‡W" cko fh[eYkfWZW b[ Z_`e gk[ fWhW Yec# fh[dZ[h c[`eh Z[X‡W l[h bei l_Z[ei Z[ [ijei Yk[djei" C[bYeY^W Yece i_ [d l[hZWZ iWX_W Z[ be gk[ i[ jhWjWXW" f[hcWd[Y_Œ _dcŒl_b [d h[ifk[ijW W bWi Wj[dY_ed[i Z[ ik Wd\_jh_edW$ LWb[ fWhW deiejhei bW WYj_jkZ Z[ [iYkY^Wh o bW WY[fjWY_Œd Z[ bWi h[Ye# c[dZWY_ed[i$ 7 Z_\[h[dY_W gk[ bW C[bYeY^W `Wc|i b[[h| fehgk[ [i kdW cWiYejW$
ēŊ Ŋ Ŋ
vĹ‹)Ĺ‹ )Ĺ‹ Ĺ‹* &);djhƒ W kd fWh Z[ h[Z[i ieY_Wb[i o h[l_iƒ kd l_Z[e de fk[Ze Y_jWhbe fehgk[ de j[d‡W \k[dj[ Z[ kd [n iebZWZe Z[ bei ;;KK gk[ ^WXbWXW Z[b Zebeh gk[ ^WX‡W [nf[h_c[djW# Ze Wb [ijWh Wb i[hl_Y_e Z[ ik fW‡i" e Yece [b Yehh_][" Wb i[hl_Y_e Z[ ]hWdZ[i [cfh[iWi gk[ l_[hed [d bW ]k[hhW bW \ehcW Z[ bkYhWh _dc_i[h_# YehZ[c[dj[" i_d _cfehjWh bWi l_ZWi gk[ i[ WhhWiWXWd W ik fWie$ ;d [b l_Z[e" [ij[ iebZWZe i[ [dYedjhWXW ZWdZe kdW Yed\[h[dY_W [d bW YkWb h[bWjWXW [b ik\h_c_[dje Z[ bW ][dj[ Z[ bei ejhei fW‡i[i W ZedZ[ ƒb _XW" o bW h[Wb_ZWZ W bW gk[ i[ [nfed‡W [hW cko Z_\[h[dj[ W bW gk[ b[ ^WX‡Wd c[d# Y_edWZe$ ;ije be h[bWjWXW c_[djhWi YecfWhWXW bWi l_ZWi Z[ bWi f[hiedWi Z[ [iei fk[Xbei b[`Wdei" Z[ Z_l[h# iWi YkbjkhWi o Z_\[h[dj[i _Z[ebe]‡Wi$ ;b \k[ Yedl[dY_Ze gk[ [hW ^ƒhe[ o h[]h[iÂŒ i_dj_ƒdZei[ kd l_bbWde$ Cko _dj[h[iWdj[i [iei c_dkjei Z[ h[\b[n_ÂŒd ieXh[ bW ]k[hhW" ieXh[ bW YkWb iebe oWY[ [b i_d i[dj_Ze fWhW bWi \Wc_b_Wi gk[ \k[hed WXWj_ZWi" i_d iWX[h d_ feh gkƒ i[ bb[lWhed iki l_ZWi e ik ^_ijeh_W" feh Yh[[h gk[ f[hj[d[# Y[d W kdW W]hkfWY_ÂŒd [d YedjhW Z[ be gk[ f[diWXWd iki W]h[ieh[i$ J[d]e gk[ c[dY_edWh [ije fWhW de jecWh W bW b_][hW be ikY[Z_Ze [d bWi _dc[# Z_WY_ed[i Z[ bW :[b[]WY_ÂŒd ;b[YjehWb Z[b =kWoWi" YkWdZe i[ [dYedjhWhed Æi_cfWj_pWdj[iÇ Z[b I‡ o Z[b De Z[ifkƒi Z[ bW YedikbjW fefkbWh$ I[W YkWb i[W bW ]ejW gk[ Z[hhWcÂŒ [b lWie" [d i[]kdZei i[ fkZe eXi[hlWh feh j[b[l_i_ÂŒd Yece i[ W]h[Z‡Wd Yed XWdZ[hWi" YWhj[b[i" f_[ZhWi bei kdei W bei ejhei$ C[ WYe`e W bWi iWX_Wi fWbWXhWi Z[b `el[d iebZWZe" YkWdZe c[dY_e# dÂŒ gk[ bWi WhcWi de i_hl[d Z[ dWZW i_ de ^Wo ][dj[ gk[ Z[Y_ZW kiWhbWi$ ÆFWhW ^WY[h bW ]k[hhW ^WY[d \WbjW jh[i YeiWi0 Z_d[he" Z_d[he o Z_d[he$Ç ;ijW \hWi[ Z[ DWfeb[ÂŒd 8edWfWhj[" Z[ \ehcW WlWiWbbWdj[" i[ jecW bW Yedlkbi_edWZW WYjkWb_ZWZ ckdZ_Wb$ J[d[cei Yed\b_Yjei W d_l[b cWYhe gk[ kd Z‡W [cf[pWhed c_Yhe$ >Wo gk[ l[h gk[ i[ d[Y[i_jW Z[ YWf_jWb" kdW XWi[ [YedÂŒc_YW gk[ i[ fhefe# d[ fWhW Yec[dpWh kd Yed\b_Yje" i_de dWZW i[ ck[l[$
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 .ēŊÄ?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
31 !3(5 ĹŠ#7/.$#1(
Ąŋ )3ŋ ŋ* ,.#,ŋ ŋ& -ŋúĂĆúúŋ -.6ŋ*, 0#-.)ŋ& ŋ#( /!/, Ě #š(ŋ ŋ& ŋĒ 2*)ŋ ,# ŋ ,)0#( # &ŋ 0 &&)-ŋßúÝÝēŋ+/ ŋ- ŋ - ,,)Ě && ,6ŋ (ŋ &ŋ') ,()ŋ (.,)ŋ ŋ )*#)ŋ &ŋ (.š(Ąŋ )-ŋ0#-#. (. -ŋ *) ,6(ŋ '#, ,ŋ& ŋ 2*)-# #š(ŋ ŋ& ŋ,#+/ 4 ŋ !,)* / ,# ąŋ./,v-.# ŋ 3ŋ! -.,)(š'# ŋ+/ ŋ.# ( ŋ& ŋ*,)0#( # ŋ*),ŋ' #)ŋ ŋ&)-ŋ # , (. -ŋ -. ( -Ą
7 Ä Ä…Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ĉ
- ĹŠ! 2 ĹŠ (#13
Ĺ—ĹŠĹŠĹŠĹŠ
ēŊ 23#ĹŠ, %-.ĹŠ"#2ă+#ĹŠ!~5(!.Äą $.+!+¢1(!.ĹŠ#2/#1 ĹŠ"#+#(3 1ĹŠ'.8ĹŠ ĹŠ /1./(.2ĹŠ8ĹŠ#731  .2
-ð& ŋ ŋ (#0 ,- ,#)
$ ;ic[hWZei [d i[#
]k_h feh bW i[dZW Z[b fhe]h[# ie o Z[iWhhebbe" bei cehWZeh[i Z[ [ij[ YWdjÂŒd jkd]khW^k[d# i[ Y[b[XhWd Yed [ceY_ÂŒd o Wb[]h‡W iki XeZWi Z[ fbWjW$ ;i Wi‡ gk[ W fWhj_h Z[ bWi &/0&& Z[ ^eo j[dZh| bk]Wh [b Z[iĂ’b[ Y‡l_Ye#c_b_jWh [d [b gk[ fWhj_Y_fWh|d Z[b[]WY_ed[i Z[ Z_\[h[dj[i h_dYed[i Z[b fW‡i$ I[]‘d _d\ehcWhed bWi Wk# jeh_ZWZ[i" fWhW [ij[ Z‡W [ij| fh[l_ije bW Wi_ij[dY_W Z[ bei h[fh[i[djWdj[i Z[b =eX_[hde" [djh[ [bbei bW C_d_ijhW 9eehZ_# dWZehW Z[ :[iWhhebbe IeY_Wb" @Wd[j^ I|dY^[p" [b C_d_ijhe Z[ <_dWdpWi" FWjh_Y_e H_l[hW o c|i Wkjeh_ZWZ[i Z[ bei Z_# \[h[dj[i eh]Wd_icei f‘Xb_Yei o fh_lWZei" gk_[d[i bk[]e Z[b Z[iĂ’b[ fWhj_Y_fWh|d [d bW i[# i_ÂŒd ieb[cd[ Z[ Wd_l[hiWh_e$ KdW l[p YedYbk_Ze [b Z[i# Ă’b[" Wkjeh_ZWZ[i [ _dl_jWZei [if[Y_Wb[i Wi_ij_h|d Wb iWbÂŒd Z[ WYjei Z[b 9eb[]_e F[Zhe <[hc‡d 9[lWbbei ZedZ[ i[ Z[iWhhebbWh| bW i[i_ÂŒd ieb[c# d[ Z[ Yedc[cehWY_ÂŒd Z[ kd dk[le Wd_l[hiWh_e Z[ l_ZW _dij_jkY_edWb$ 8WoWhZe 9edijWdj[" WbYWbZ[ YWdjedWb" h[Wb_pWh| kd h[ik# c[d Z[b fhe]h[ie Z[ 9[lWbbei Z[iZ[ bW l_i_ÂŒd Ckd_Y_fWb$ 7Z[c|i" i[ YedZ[YehWh| W bWi Wkjeh_ZWZ[i fhel_dY_W# b[i o dWY_edWb[i" Wi‡ Yece W cW[ijhei o f[hiedWb_ZWZ[i Z[b YWjÂŒd gk[ ^Wd WfehjWZe Z[ \ehcW i_]d_Ă’YWj_lW [d [b Yh[Y_c_[dje Z[ [ij[ fheZkYj_# le h_dYÂŒd Z[ bW fWjh_W$
¥ ēŊ Ŋ 2!4#+ Ŋ"#Ŋ .1, !(¢-Ŋ"#Ŋ .+" ".2Ŋ"#+Ŋ )_1!(3.Ŋĸ 2$.12#ĚŊ/42.Ŋ4-Ŋ3.04#Ŋ#2/#!( +Ŋ Ŋ+ Ŋ/ 1 " Ŋ"#Ŋ .!' ē
)(Ĺ‹* , Ĺ‹ v0# Ä…Ĺ‹ ) " & ,šŋßÿŋ ˜)-Ĺ‹ Ĺ‹*,)!, -)
Ŋ+#5#Ŋ++45( Ŋ8Ŋ#+Ŋ$1~.Ŋ-.Ŋ(,/("(#1.-Ŋ 04#Ŋ+ Ŋ-( #9Ŋ8Ŋ)45#-34"Ŋ#234"(.2 Ŋ"#Ŋ #23#Ŋ! -3¢-Ŋ"#,4#231#-Ŋ24Ŋ% ++ 1"~ ē ēŊ;d kd WcX_[dj[ \h‡e o kd
c[pW o ]WbbWhZ‡W bWi Z[b[]WY_e# feYe bbkl_eie" [ij[ fk`Wdj[ d[i ^_Y_[hed ik fWie feh YWdjÂŒd Y[b[XhÂŒ kd dk[le bW jh_XkdW kX_YWZW [d [b Wd_l[hiWh_e Z[ l_ZW _dij_# Y[djhe Z[ CeY^W$ ĉĎ ;b fWie Z[ bei c_[c# jkY_edWb o fh[i[dY_W [d bW fhel_dY_W Z[ Jkd]khW^kW$ 13(!(/ 1.-ĹŠ"#ĹŠ+ ĹŠ Xhei Z[ bW ;iYk[bW Z[ / 1 " ĹŠ,(+(3 1ĹŠ"#ĹŠ 8#1Ä“ ;b Yb_cW de _cf_Z_ÂŒ gk[ <ehcWY_ÂŒd Z[ IebZWZei jWdje Wkjeh_ZWZ[i" h[_dWi" Z[b ;`ƒhY_je ;i\ehi[ [ijkZ_Wdj[i [ _dij_jkY_ed[i \k[ kde Z[ bei fkdjei _dl_jWZWi [cf_[Y[d ik cWhY^W h[b[lWdj[i Z[ bW fWhWZW$ 7gk‡" feh bWi fh_dY_fWb[i YWbb[i Z[b M_bied JeWbecXe" ikXZ_h[Yjeh Z[ bW ;i\ehi[ [djh[]ÂŒ kd Z[jWbb[ YWdjÂŒd$ Bk[]e Z[ kdei c_dkjei" bW Wb WbYWbZ[ 9_fh_Wde EYW‹W" Yece bbkl_W Y[iÂŒ o Z_e Wf[hjkhW W kd kdW ck[ijhW Z[ \[b_Y_jWY_ÂŒd fWhW WcX_[dj[ Z[ Whced‡W$ 9ed Ă’h# CeY^W [d iki XeZWi Z[ fbWjW$
#2(¢-ĹŠ2.+#,-# ĹŠĹŠ #2"#ĹŠ+ 2ĹŠÄˆÄ‰Ä–ÄŠÄ‡ĹŠ#-ĹŠ#+ĹŠ 4"(3.1(.ĹŠ Ĺ—"#ĹŠ+ ĹŠ 4-(!(/ +(" "ĹŠ2#ĹŠ"#2 11.++¢Ŋ
+ Ŋ2#2(¢-Ŋ2.+#,-#Ŋ!.-Ŋ+ Ŋ/1#2#-!( Ŋ "#Ŋ 43.1(" "#2Ŋ/1.5(-!( +#2ĔŊ#-31#Ŋ #++ 2Ŋ#+Ŋ 1#$#!3.Ŋ"#Ŋ 4-%41 '4 ĔŊ #1- -".Ŋ 1 -).ēŊŊ -31#Ŋ+.2Ŋ /4-3.2Ŋ,;2Ŋ"#23 ! ".2ĔŊ+4#%.Ŋ"#Ŋ + Ŋ1#2# Ŋ'(23¢1(! Ŋ"#Ŋ .!' ĔŊ#2Ĺ 345.Ŋ+ Ŋ242!1(/!(¢-Ŋ"#+Ŋ!.-5#-(.Ŋ"#Ŋ !../#1 !(¢-Ŋ(-3#1(-23(34!(.- +Ŋ/ 1 Ŋ #+Ŋ 2$ +3 ".Ŋ"#Ŋ5 1( 2Ŋ5~ 2Ŋ"#Ŋ+ Ŋ9.- Ŋ ) Ŋ"#+Ŋ! -3¢-ĔŊ#-31#Ŋ#+Ŋ . (#1-.Ŋ 1.5(-!( +Ŋ8Ŋ+ Ŋ 4-(!(/ +(" "ē
ēŊ 43.1(" "#2Ŋ/1.5(-!(Ĺ +#2Ŋ8Ŋ+.! +#2Ŋ/1#2("(#1.-Ŋ+ Ŋ2#2(¢-Ŋ "#Ŋ!.-,#,.1 !(¢-ēŊ
ÄŻÄƒÄ‚ĂžÄ Ăż
Bei Wi_ij[dj[i Wb Z[iĂ’b[ Z[ CeY^W Wfhel[Y^Whed fWhW WfeoWh bW bWXeh ieY_Wb gk[ bb[# lWd WZ[bWdj[ Wb]kdWi _dij_jk# Y_ed[i YWdjedWb[i" jWb[i Yece [b 9[djhe =[hedjebÂŒ]_Ye" bW \kdZWY_ÂŒd Z[ d_‹ei Z_iYWfW# Y_jWZei IWd @kWd 8Wkj_ijW o [b 9[djhe EYkfWY_edWb" gk[ eh]Wd_pWhed kdW YWiW WX_[hjW fWhW fheceY_edWh bei jhWXW`ei gk[ h[Wb_pWd bW d_‹[p Z_iYWfW# Y_jWZW o WZkbjei cWoeh[i Z[ CeY^W$ ;b fWhgk[ Y[djhWb \k[ [b [iY[# dWh_e ZedZ[ i[ Z[iWhhebbÂŒ [ijW WYj_l_ZWZ gk[ jkle Xk[dW WYe# ]_ZW Z[ fhef_ei o [njhW‹ei$
ĉ
7 āąŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
&ŋ )&)-)ŋ /'/& ŋ ( ,!v ŋ 3ŋ * , (. ŋ &' ŋ -)&/.
2ũ!+ 2#2ũ2.-ũ-.1ı , +#2ũ#-ũ3." ũ+ ũ /1.5(-!( Ĕũ(-!+42.ũ #-ũ+ 2ũ9.- 2ũ "8 ı !#-3#2ũ +ũ5.+!;-ē
ēũ 23#ũ2#!3.1ũ"#ũ+ ũ!(4ı " "ũ,#).1 1;ũ24ũ(, %#-ē
- $ ŋ- ,6ŋ (. )
ē ;b lebY|d Jkd]khW^kW
BW Ckd_Y_fWb_ZWZ Z[ 7cXW# je" Z[djhe Z[b fbWd Z[ eXhWi Z[ [ij[ W e" j_[d[ fbWd_Ò YWZe bW [`[YkY_ d Z[b Z[hheYWc_[dje Z[ kd jhWce Z[ bW [iYWb_dWjW Z[b FWiW`[ F[b_b[e o YWbb[ ') Z[ 7Xh_b" Yed [b eX`[j_le Z[ WZ[Y[djWh bW c_icW" fWhW be YkWb bW @[\WjkhW Fhel_dY_Wb Z[ 9edjheb Z[ Jh|di_je L_Wb Z[ Jkd]khW^kW YebWXehWh| Yed [b f[hiedWb d[Y[iWh_e fWhW \W# Y_b_jWh [b jh|Ò Ye l[^_YkbWh [d [ij[ YedYkhh_Ze i[Yjeh$
i[ cWdj_[d[ [d [ijWZe WYj_le Yed j[dZ[dY_W ceZ[hWZW" Wkdgk[ W bei j Yd_Yei Z[b ?dij_jkje =[e\ # i_Ye Z[ bW ;iYk[bW Feb_j Yd_YW DWY_edWb fh[eYkfW [b _d]h[ie Z[ dk[le cWj[h_Wb Wb _dj[h_eh Z[b Yebeie$ 7dZh[W 9 hZelW" Wi_ij[dj[ Z[b EXi[hlWjeh_e Z[ =kWZWbkf[" [d F[b_b[e" ieijkle gk[ bW i_ic_# Y_ZWZ [i WbjW Z[djhe Z[b [Z_Ò Y_e lebY|d_Ye o i[ Z[j[YjW [b _d]h[ie Z[ cW]cW gk[ [d feYe j_[cfe feZh Wd Z[i[cXeYWh [d dk[lei [f_ieZ_ei Z[ Y[d_pW o cWj[h_Wb _dYWdZ[iY[dj[$
ēũ ũ !3(5(" "ũ24/#1ăũ!( +ũ"#+ũ5.+!;-ũ 4-%41 '4 ũ/#1, -#!#ũ!.-ũ!(#13 ũ! +, ēũ 8#1ũ! 2(ũ-.ũ2#ũ"#)¢ũ5#1ē
I[] d _d\ehc 9 hZelW" [d lWY_ed[i ikf[hÒ Y_Wb[i$ ;d jWdje" [d hk[ZW Z[ fh[d# bei bj_cei Z Wi bW dkXei_ZWZ o ]Wi[i Z[ lWfeh" gk[ ied \h[# iW" bWi Wkjeh_ZWZ[i fhel_dY_W# Yk[dj[i" ^Wd _cf[Z_Ze eXi[h# b[i" W bW YWX[pW 7b[n_i I|dY^[p" ]eX[hdWZeh Z[ Jkd]khW^kW" [c_j_[hed kd _d\ehc[ Z[ bWi WYY_ed[i h[Wb_pWZWi ZkhWdj[ bWi Zei i[cWdWi [d bWi gk[ \k[hed W\[YjWZei bei ^WX_jWd# j[i Z[ bWi pedWi WZoWY[dj[i$ 7gk " i[ _dZ_Y gk[ bWi WYj_# l_ZWZ[i [ZkYWj_lWi Yedj_d Wd Z[ \ehcW dehcWb [d bWi pedWi (035(6$ 3Ö%/,&$ (035(6$ 081,&,3$/ Y[hYWdWi W bW ÈcedjW W Z[ \k[# ]eÉ oW gk[ de i[ ^W h[]_ijhWZe 0(5&$'2 0$<25,67$ $0%$72 cWoeh W\[YjWY_ d feh YW ZW Z[ Y[d_pW$ &2192&$725,$ 3Ô%/,&$ 3$5$ 120%5$5 81
I_d [cXWh]e" ^_Y_[hed [b bbWcWZe W bW Yeb[Yj_l_ZWZ fWhW gk[ [ij f[dZ_[dj[ Z[ YkWbgk_[h YWcX_e gk[ i[ fk[ZW ][d[hWh [d [b YecfehjWc_[dje Z[b lebY|d" kdW l[p gk[ bei [nf[hjei lkb# YWd be]ei ^Wd WdkdY_WZe gk[ fei_Xb[c[dj[ ^WXh| kdW dk[lW h[WYj_lWY_ d" gk[ _dYbkie fk[Z[ i[h i_c_bWh W bW Z[ (&&,$ Bei Wbjei d_l[b[i Z[ i_ic_Y_# ZWZ o [b _d]h[ie Z[ cW]cW Wb _dj[h_eh Z[b lebY|d" [i cej_le Z[ f[hcWd[Y[h Wb[hjWi Wdj[ bW WYj_l_ZWZ Z[b Jkd]khW^kW" Wi gk[ jWdje Wkjeh_ZWZ[i Yece Ye# b[Yj_l_ZWZ[i Z[X[d [ijWh Wb[hjW$
5(35(6(17$17( '( /$6 25*$1,=$&,21(6 '( 352'8&725(6 < 2 5(*$17(6 $/ ',5(&725,2 '( /$ (3 (0$ (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
$UW 3DUD TXH ORV UHSUHVHQWDQWHV GH ODV RUJDQL]DFLRQHV GH SURGXFWRUHV DJUtFRODV \ R UHJDQWHV VHDQ FRQVLGHUDGRV HOHJLEOHV GHEHQ GLVSRQHU GH OR VLJXLHQWH
-XULVGLFFLyQ HQ HO &DQWyQ $PEDWR \ R 3URYLQFLD GH 7XQJXUDKXD UHFRQRFLGDV MXUtGLFDPHQWH \ GHQWUR GH VXV ILQHV \ REMHWLYRV FRQVWH OD SURGXFFLyQ \ IRPHQWR DJUtFROD
'2&80(17$&,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$ $Y (O &yQGRU \ 7UHV &DUDEHODV
(;75$&72 &2167,78&,21 '( /$ &203$fÌ$ 7285 (;3/25(5 0$&+$< 72(;0$ &,$ /7'$ /D FRPSDxtD 7285 (;3/25(5 0$&+$< 72(;0$ &,$ /7'$ 6H FRQVWLWX\y SRU HVFULWXUD S~EOLFD RWRUJDGD DQWH HO 1RWD ULR 6pSWLPR GHO &DQWyQ $0%$72 HO $EULO IXH DSUREDGD SRU OD 6XSHULQWHQGHQFLD GH &RPSDxtDV PHGLDQWH 5HVROXFLyQ 6& ',& $ '20,&,/,2 &DQWyQ %$f26 '( $*8$ 6$17$ SURYLQFLD GH 781*85$+8$ &$3,7$/ 6XVFULWR 86 1~PHUR GH SDUWLFLSDFLRQHV 9DORU 86 2%-(72 (O 2EMHWR GH OD FRPSDxtD HV 35(67$&,21 '( 6(59,&,26 352)(6,21$/(6 '( $*(1&,$ '( 9,$-(6 < 23(5$'25$ '( 785,602« $PEDWR 0$<2
(F +HUQiQ 3LFR $FRVWD *(5(17(
#2314!!(¢-ĹŠ8ĹŠ+.".ĹŠ#-ĹŠ + ĹŠ/ 11.04( ĹŠ ~.ĹŠ #%1. 5~!.+ 2ĹŠ8ĹŠ!1( Äą "#1.2ĹŠ"#ĹŠ!#1".2ĹŠ8ĹŠ /.++.2ĹŠ1#24+3 1.-ĹŠ "#2314(".2ĹŠ 8#1Ä“ Â&#x; ēŊ KdW f[hj_dWp bbkl_W gk[
YWoŒ [djh[ bW deY^[ Z[b `k[l[i o cWZhk]WZW Z[ Wo[h" ^_pe gk[ lW# h_ei h‡ei o WY[gk_Wi Z[ bW fWhhe# gk_W H‡e D[]he" f[hj[d[Y_[dj[ W 8W‹ei Z[ 7]kW IWdjW1 Yh[pYWd Z[ \ehcW WY[b[hWZW Z[iXehZ|dZei[ o fheleYWdZe Z[ijhkYY_Œd W ik fWie$ Bei c_[cXhei Z[b 9k[hfe Z[ 8ecX[hei 8W‹ei h[Y_X_[hed lWh_Wi bbWcWZWi Z[ Wkn_b_e W bWi &&0)+ Z[ Wo[h" kdW l[p gk[ bW YW# hh[j[hW [djh[ H‡e D[]he o Fkoe" gk[ZWhW Xbegk[WZW W YWkiW Z[b beZe gk[ _d]h[iŒ W bei Zec_Y_b_ei o h[ijWkhWdj[i" Wd[]WdZe jeZW bW pedW$ @ei[\_dW P‘‹_]W" cehWZehW W\[YjWZW Z[ bW fWhhegk_W" _dZ_YŒ gk[ W bWi &&0*& Z[ Wo[h" [iYkY^Œ kd \k[hj[ ied_Ze fheZkY_Ze feh
7 Ä Ä…Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
ÄŠ
[b Z[ibWl[ Z[ bW WY[gk_W Z[b bk]Wh" gk[ YkXh_ÂŒ feh Yecfb[je iki Ykb# j_lei Z[ b_ced[i o pWcXei$ L_d_Y_e :Whgk[W" ^_`e Z[ P‘‹_# ]W o fhef_[jWh_e Z[ kdW \|Xh_YW Z[ XWbWdY[WZei" cWd_\[ijÂŒ gk[ bW cWgk_dWh_W kiWZW fWhW bW fhe# ZkYY_ÂŒd Z[ Wb_c[dje Wd_cWb" Ye# hh[ [b f[b_]he Z[ ZW‹Whi[ Z[X_Ze Wb \Wd]e gk[ _d]h[iÂŒ W ik XeZ[]W$ @kdje W ik ^[hcWde 9ƒiWh :Wh# gk[W [ij_cWd gk[ bWi fƒhZ_ZWi ikf[hWh‡Wd bei i_[j[ c_b ZÂŒbWh[i" [djh[ Ykbj_lei o \|Xh_YW$ #2314!!(¢-
Ejhe Z[ bei bk]Wh[i W\[YjWZei [ij| kX_YWZe W '& c_dkjei Z[ bW fW# hhegk_W H‡e D[]he" `kdje Wb h‡e ;b 9ehWb" ZedZ[ kdei jh[i c_b +&& febbei" Z[ YkWjhe Z‡Wi Z[ dWY_Zei" ckh_[hed W YWkiW Z[b Z[hhkcXe Z[ bW cedjW‹W kX_YWZW W )& c[# jhei Z[b ]WbfŒd" gk[ bei i[fkbjŒ l_eb[djWc[dj[$ @kWd JeWfWdjW" jhWXW`WZeh Z[b ]WbfŒd" _dZ_YŒ gk[ [d [ij[ bk]Wh bWi fh[Y_f_jWY_ed[i [cf[pWhed W bWi '/0&& Z[b `k[l[i" f[he `Wc|i _cW]_dWhed gk[ [ijWi fheleYWhWd
ēŊ 1 -Ŋ/ 13#Ŋ"#Ŋ4- Ŋ!' -!'#1 Ŋ"#Ŋ/1./(#" "Ŋ"#Ŋ #1¢-(! Ŋ (++ !~2Ŋ$4#Ŋ 11 2 " Ŋ 8#1Ŋ/.1Ŋ#+Ŋ1~.Ŋ .1 +ē
[b Z[hhkcXe Z[ bW cedjW‹W ieXh[ ik bk]Wh Z[ jhWXW`e$ KdW Z[ bWi fWh[Z[i gk[ fhej[# ][d W bei febb_jei YWoŒ [ijh[f_jeiW# c[dj[ Wb ik[be" i[]‘d ƒb bWi fƒhZ_# ZWi ikf[hWd bei i[_i c_b ZŒbWh[i$ ;d [b i[Yjeh Z[ BW ;ijWdY_W"
bW c_jWZ Z[b j[hh[de Z[ L[hŒd_YW L_bbWY‡i \k[ WhhWiWZe `kdje Yed lW# h_ei Y[hZei gk[ Wbb‡ Yh_WXW$ ;d [b bk]Wh bW [iY[dW [i Z[# fh_c[dj[ fehgk[ bWi Y^WdY^[hWi [ij|d Yecfb[jWc[dj[ Z[ijhk_ZWi o Yed h_[i]e Z[ Z[hhkcXe1 fWhW
[ijW ck`[h bW fƒhZ_ZW [YedÂŒc_YW [i ikf[h_eh W YkWjhe c_b ZÂŒbWh[i" Wfhen_cWZWc[dj[$ 7 Yedi[Yk[dY_W Z[b Z[iXeh# ZWc_[dje" bW l‡W Wb Fkoe i[ Y[hhÂŒ ^WijW h[Wb_pWh bW b_cf_[pW o [b jh|# Ă’ Ye i[ Z[il_ÂŒ$
/.+&-
-$.1,#ĹŠ "#ĹŠ" Â .2 Ĺ—ĹŠĹŠ
ĹŠ #!1#3 1~ ĹŠ !(.- +ĹŠ"#ĹŠ #23(¢-ĹŠ "#ĹŠ (#2%.2Ŋĸ ĚŊ"#ĹŠ 4-%41 '4 ĔŊ #-ĹŠ!.-)4-3.ĹŠ!.-ĹŠ#+ĹŠ 4-(!(/(.ĹŠ"#ĹŠ  .2ĹŠ"#ĹŠ %4 ĹŠ -3 ĔŊ#,(3(1;-ĹŠ4-ĹŠ (-$.1,#ĹŠ"#ĹŠ"  .2ĹŠ2. 1#ĹŠ+ 2ĹŠ/_1"(" 2ĹŠ #-ĹŠ+ ĹŠ/ 11.04( ĹŠ ~.ĹŠ #%1.Ä“ #ĹŠ$.1, ĹŠ#731 .ÄƒĹŠ!( +ĔŊ2#ĹŠ!.-.!(¢Ŋ 04#ĹŠ+ ĹŠ 84" ĹŠ8 ĹŠ#23;ĹŠ2(#-".ĹŠ! - +(Äą 9 " ĹŠ/.1ĹŠ/ 13#ĹŠ"#ĹŠ+ 2ĹŠ 43.1(" "#2ĔŊ 2~ĹŠ!.,.ĹŠ+ 2ĹŠ3 1# 2ĹŠ"#ĹŠ+(,/(#9 Ä“
ēŊ 1 -Ŋ/ 13#Ŋ"#Ŋ!4+3(5.2Ŋ"#Ŋ+(,¢-Ŋ8Ŋ9 , .Ŋ04#" 1.-Ŋ!4 (#13.2Ŋ/.1Ŋ#+Ŋ+.".ē
´)(/,= &803/($f26¾
/.*/+
"$" ( # "
Â&#x; ēŊ ĹŠ3(#-" ĹŠ"#ĹŠ -, ĹŠ ';5#9ĹŠ$4#ĹŠ4-.ĹŠ"#ĹŠ+.2ĹŠ+4% 1#2ĹŠ ēŊ (#, 1.2ĹŠ"#+ĹŠ 4#1/.ĹŠ"#ĹŠ ., #1.2ĹŠ"#ĹŠ  .2ĹŠ 84" 1.-ĹŠ ĹŠ#5 !4 1ĹŠ#+ĹŠ$ -%.ĹŠ04#ĹŠ/#1, -#!~ ĹŠ' 23 ĹŠ ,;2ĹŠ $#!3 ".2ĹŠ/.1ĹŠ#+ĹŠ(-%1#2.ĹŠ"#ĹŠ %4 ĹŠ+.".2 ēŊ 2ĹŠ/_1"(" 2ĹŠ #-ĹŠ,#1! "#1~ ĹŠ2.-ĹŠ!4 -3(.2 2ēŊ #+ĹŠ,#"(.ĹŠ"~ ĹŠ"#ĹŠ 8#1ĹŠ#-ĹŠ+ ĹŠ! 11#3#1 ĹŠ ~.ĹŠ #%1.ŊIJŊ 48.Ä“
$ " # $ % # " ! ! " & $ " # " " ! % # $ ! " $ $ %
$ ! ( "# ' " #$" ! " % ! ! " ' % $ " $"# !# % #!
āĀ
#++#9 #234"( -3(+
7 āąŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
&ŋ (-.#./.)ŋ ()& !# )ŋ /* ,#),ŋ ,v ŋ . &# ŋ ŋ /'*&# ŋ/(ŋ(/ 0)ŋ (#0 ,- ,#)ŋ ŋ , # (Ąŋ )(ŋ0 ,#)-ŋ *,)!, ' -ŋ )(' '), ŋ -. ŋ " ąŋ (., ŋ &&)-ŋ& ŋ & # (ŋ ŋ & ŋ ),#. ŋ -./ # (. ŋüúûûŋ (ŋ&)-ŋ* .#)-ŋ ŋ& ŋ#(-.#./ # (ąŋ )( ŋ- ŋ0#0# ,)(ŋ')' (.)-ŋ'/3ŋ -* # & -ŋ3ŋ ' ()-Ą
.8ũ2#ũ!#+# 1 ũ#+ũ ~ ũ -3.ũ"#ũ 3~ 2Ĕũ$#+(!(" "#2ũ ũ04(#-#2ũ++#5 -ũ #23#ũ-., 1#ē
+ũ! -3¢-ũ #5 ++.2ũ5(5(1;ũ'.8ũ24ũ "#2ăũ+#ũ"#ũ+ ũ!.-$1 3#1-(" "ũ/.1ũ+ 2ũ /1(-!(/ +#2ũ! ++#2ũ"#+ũ! -3¢-ēũ -(!( 1;ũ ũ+ 2ũĈćĖććēũ
.1ũ!4,/+(1ũĉĎũ .2ũ"#ũ! -3.-(9 ı !(¢-ũ"#ũ #5 ++.2Ĕũ'.8ũ ũ+ 2ũĈĊĖććũ2#ũ 1# +(9 1;ũ+ ũ2#2(¢-ũ2.+#,-#ũ#-ũ#+ũ 4"(3.1(.ũ"#+ũ .+#%(.ũ #"1.ũ #1,~-ũ #5 ++.2ēũ
+ũ3#1!#1ũ .ũ"#ũ !'(++#1 3.ũ#-ũ+ ũ#2/#!( +(" "ũ 4~,(!.ũ (¢+.%.ũĥ Ħũ#2345.ũ 1#/1#2#-3 ".ũ/.1ũ 8 - ũ ++ " 1#2ēũ
ũ ũ ũĉćĈĈũ2#ũ5(5(1;ũ#23 ũ -.!'#ũ!.-ũ+ ũ/1#2#-3 !(¢-ũ"#+ũ%14/.ũ ĥ 4#%.ĦĔũ"#2"#ũ #/Ì +(! ũ .,(-(! ı - ēũ ,/(#9 ũ ũ+ 2ũĉĈĖććũ#-ũ+ ũ 4(-3 ũ .+"#-Ĕũ4 (! " ũ#-ũ+ ũ 5#-(" ũ ."1(ı %.ũ !' -.ũ"#25~.ũ ũ 13~-#9ēũ
(5( - ũ 1$#3;-ũ#234"( ũ#-ũ#+ũ3#1!#1ũ .ũ"#ũ !'(++#1 3.ũ#-ũ+ ũ#2/#!( +(ı " "ũ"#ũ (#-!( 2ũ .!( +#2ēũ
ĥ .!'#ũ"#ũ , !(3 2Ħũ/1#2#-3 ũ #+ũ / !#ũ +4 ũ ũ+ 2ũĉĈĖććēũ 1;ũ , 1( !'(2ũ8ũ2'.6ũ!.-ũ 1(23ũ ("#-3'ũ 8ũ 14!##ũ .+~5 1ēũ
#++8ũ ,.1 ũ#2ũ+ ũ1#/1#2#-3 -3#ũ"#+ũ 3#1!#1ũ .ũ"#ũ !'(++#1 3.ũ#-ũ+ ũ#2/#ı !( +(" "ũ"#ũ ~2(!.ũ 3#,;3(!.ēũ
_22(! ũ (++ %1;-ũ#2ũ+ ũ ũ1#/1#2#-3 -3#ũ"#+ũ 3#1!#1ũ .ũ"#ũ !'(++#1 3.ũ"#ũ+ ũ#2/#!( +(" "ũ"#ũ 4~,(!.ũ (¢+.%.ēũ
- ũ 1(#+ ũ '(! (9 ũ#2ũ+ ũ1#/1#2#-3ı -3#ũ"#+ũ3#1!#1ũ .ũ"#ũ !'(++#1 3.ũ"#ũ+ ũ #2/#!( +(" "ũ .-3 (+(" "ēũ
-(#+ ũ (1 -" ũ1#/1#2#-3¢ũ +ũ3#1!#1ũ .ũ"#ũ !'(++#1 3.ũ#-ũ+ ũ #2/#!( +(" "ũ 4~,(!.ũ (¢+.%.ũĥ Ħē
(9#3'ũ #"(- ũ1#/1#2#-3¢ũ +ũ3#1!#1ũ .ũ"#ũ !'(++#1 3.ũ#-ũ+ ũ#2/#!( +(" "ũ "#ũ .-3 (+(" "ēũ
ƒ Ä
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
7 Ĺ?Ä Ä…Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
( #&& ,v Ĺ‹! -.#)(šŋ -)Ĺ‹ Ĺ‹ÄƒĂżĂşĹ‹ & -Ĺ‹ Ĺ‹ #%#& %9ed iebe _d]h[iWh W bW f|]_dW m[X Z[ M_a_b[Wai mmm$m_a_# b[Wai$Y^$ " bei [YkWjeh_Wdei fe# Zh|d WYY[Z[h W /+& YWXb[i h[\[# h[dj[i Wb fW‡i" Ykoe WYY[ie \k[ ][ij_edWZe feh bW 9WdY_bb[h‡W$ ;b c_d_ijhe Z[ h[bWY_ed[i [n# j[h_eh[i" H_YWhZe FWj_‹e" i[‹WbÂŒ gk[ [b eX`[j_le [i gk[ Æ[d bW c[# Z_ZW Z[ be fei_Xb[ [ijW _d\ehcW# Y_ÂŒd i[W YedeY_ZW Z[ kdW l[p feh jeZWi feh bei [YkWjeh_Wdei o gk[ de Z[f[dZ_[hW Z[b ]kije o iWXeh Z[ bei c[Z_ei Z[ Yeckd_# YWY_ÂŒdÇ$ ;d YkWdje Wb fheY[ie fWhW h[# l_iWh bei YWXb[i i[ _d\ehcÂŒ gk[ bk[]e Z[ WYY[Z[h W bW f|]_dW Z[ M_a_b[Wai ^Wo gk[ [djhWh W 9W# Xb[]Wj[0 (+&"&&& KI ;cXWio :_fbecWj_Y 9WXb[i o i[ Z[ifb[# ]Wh| _d\ehcWY_ÂŒd ieXh[ bW _dl[i# j_]WY_ÂŒd o kdW i[h_[ Z[ c[YWd_i# cei Z[ X‘igk[ZW YbWi_Ă’YWZW [d \[Y^Wi Z[ Yh[WY_ÂŒd" feh [j_gk[jWi o WhY^_lei$ FWj_‹e WYbWhÂŒ gk[ [b =eX_[hde Z[ HW\W[b 9ehh[W de ÆWfbWkZ[Ç bW h[l[bWY_ÂŒd Z[ bei i[Yh[jei Z[ ;ijWZe" f[he ÆoW gk[ [ij|d h[l[bWZei" oW gk[ bei j_[d[d bei c[Z_ei Z[ Yeckd_YW# Y_ÂŒd" gk[ bei j[d]Wd jeZeiÇ$ ;b 9WdY_bb[h W]h[]ÂŒ gk[ [d bWi Yedl[hiWY_ed[i Yed f[hied[hei Z[ M_a_b[Wai" gk[ f[hc_j_[hed WYY[Z[h W bei YWXb[i Z[b fW‡i" bei h[fh[i[djWdj[i [YkWjeh_W# dei f_Z_[hed gk[ i[ fkXb_gk[ Z[ cWd[hW ‡dj[]hW jeZei bei YWXb[i h[\[h[dj[i W ;YkWZeh$ 7dj[ [ije" bW eh]Wd_pWY_ÂŒd h[ifedZ_ÂŒ gk[ Æ[ie de [hW fei_Xb[ Z[X_Ze W gk[ [bbei de j[d‡Wd bW YWfWY_ZWZ Z[
23.2ĹŠ.1% -(2,.2ĹŠ ĸ!.,.ĹŠ+ ĹŠ Äš2#ĹŠĹŠ !1##-ĹŠ+ ĹŠ, ,;ĹŠ"#ĹŠ 19;-Ģē ĹŠ Â&#x;
ĹŠ ĹŠ
Ă’bjhWh jeZW bW _d\ehcWY_ÂŒd" d_ Z[ Z[fkhWh ik Yedj[d_Ze" o gk[ kdW fkXb_YWY_ÂŒd Wcfb_W fkZ_[hW fe# d[h [d h_[i]e bW l_ZW [ _dj[]h_ZWZ Z[ lWh_Wi f[hiedWi c[dY_edWZWi [d bei YWXb[iÇ$ IeXh[ bei YWXb[i gk[ eXjkl_[# hed bei Z_Wh_ei ;b Kd_l[hie o ;b 9ec[hY_e" cWd_\[ijÂŒ gk[ Z[X[ ^WX[h _]kWbZWZ Z[ _d\ehcWY_ÂŒd" o de fkXb_YWh bei j[cWi W Z_iYh[# Y_edWb_ZWZ o eYkbjWdZe ZWjei$ ÆIebe ^Wd iWYWZe be h[\[h[dj[ W [ij[ =eX_[hde o de Z[ bei Wdj[# h_eh[iÇ" [nfh[iÂŒ$ 1. +#, ĹŠ!.-ĹŠ+ ĹŠ
;d YkWdje W bWi W\_hcWY_ed[i Z[ bW Eh]Wd_pWY_ÂŒd 7dj_Zhe]Wi Z[ ;ijWZei Kd_Zei :;7" feh ik i_]bW [d _d]bƒi ieXh[ gk[ [b ;YkWZeh i[h‡W ÆbW EDK Z[b Yh_# c[d eh]Wd_pWZeÇ" FWj_‹e Z_`e gk[ oW [dl_ÂŒ kdW Yeckd_YWY_ÂŒd f_Z_[dZe [nfb_YWY_ed[i ieXh[ [ij[ YWie$ Æ:[i]hWY_WZWc[dj[ [ijWcei WYeijkcXhWZei W Z[Y_h [ij[ j_fe Z[ WĂ’hcWY_ed[i o Z[ifh[ij_]_ei gk[ Wb]kdW ][dj[ j_[d[ [d h[bW# Y_ÂŒd W dk[ijhe =eX_[hdeÇ" Ye# c[djÂŒ FWj_‹e" gk_[d ieijkle gk[ b[ ]kijWh‡W iWX[h YÂŒce [ij| [b Yh_c[d eh]Wd_pWZe" [b Yedikce Z[ Zhe]Wi o bW jhWjW Z[ f[hiedWi [d ;;$KK$
ēŊ (! 1".Ŋ 3( .Ŋ3 , (_-Ŋ1#2/.-"(¢Ŋ Ŋ+ 2Ŋ!1~3(! 2Ŋ"#Ŋ+ Ŋ Ŋ"#Ŋ 23 ".2Ŋ -(".2ē
ēŊ ĹŠ"#2!.-ă -9 ĹŠ' !( ĹŠ+.2ĹŠ4-($.1, ".2ĹŠ04#ĹŠ2#ĹŠ24 +#5 1.-ĹŠ#+ŊĊćĹ ĹŠ2(%4#ĹŠ+ 3#-3#ĹŠ#-ĹŠ#+ĹŠ . (#1-.Ŋĸ 1!'(5.Ěē
)(.,)&ŋ ŋ*)&# v -ŋ )(ŋ Ē . .),ŋ ŋ' (.#, -ēŋ
2Ŋ/14# 2Ŋ"#Ŋ /.+~%1 $.Ŋ2#Ŋ#,Ĺ /#9 1;-Ŋ Ŋ /+(! 1Ŋ "#2"#Ŋ+ Ŋ/1¢7(, Ŋ 2#, - ē
Bei c_[cXhei Z[ bW Feb_Y‡W @kZ_Y_Wb Z[X[h|d iec[j[hi[ W fhk[XWi f[h_ÂŒZ_YWi Z[ feb‡# ]hW\e" WdkdY_ÂŒ Wo[h [b dk[le c_d_ijhe Z[b ?dj[h_eh Z[ ;YkW# Zeh" @eiƒ I[hhWde" gk_[d Z_`e gk[ Yed [ijW c[Z_ZW i[ Yec# XWj_h| bW YehhkfY_ÂŒd [d bW _di# j_jkY_ÂŒd$ ;b ĂˆZ[j[Yjeh Z[ c[dj_hWiÉ [d# jhWh| [d \kdY_edWc_[dje Z[iZ[ bW fhÂŒn_cW i[cWdW" YedĂ’hcÂŒ I[hhWde" gk_[d i[ Yecfhec[# j_ÂŒ W Æi[fWhWhÇ bei cWbei [b[# c[djei Ægk[ ^Wd fh[j[dZ_Ze ^WY[h Z[ [ijW ]hWd _dij_jkY_ÂŒd ik d[]eY_e fhef_eÇ$ Æ7i‡ _d_Y_Wh[cei bW jhWdi# \ehcWY_ÂŒd _dc[Z_WjW Z[b i_ij[cW Z[ _dl[ij_]WY_ÂŒdÇ" W]h[]ÂŒ I[hhWde ZkhWdj[ bW Y[h[ced_W [d gk[ i[ decXhÂŒ W bei dk[lei c_[cXhei Z[b =WX_d[j[ Z[b fh[i_Z[dj[ HW# \W[b 9ehh[W$ ;d [b WYje" gk[ i[ Z[iWhhe# bbÂŒ [d [b FWbWY_e Z[ 9WhedZ[# b[j" I[hhWde Z_`e gk[ ƒb ZWh| bW lk[bjW W bW f|]_dW Z[b )& Z[ i[fj_[cXh[ Z[ (&'& )&#I iebe YkWdZe Æi[ ^WoW `kp]WZe o i[ ^WoW iWdY_edWZe W bei h[i# fediWXb[iÇ$ BW _Z[W Z[ Wfb_YWh [b fe# b‡]hW\e b[ ]kijÂŒ jWdje Wb Fh[# i_Z[dj[ Z[ bW H[f‘Xb_YW gk[ Wfhel[Y^ÂŒ [i[ [ifWY_e fWhW h[# jWh Wb [nZ_h[Yjeh Z[b >eif_jWb
.-24+3 Ŋ/./4+ 1 ŗŊŊ +Ŋ/1#2("#-3#Ŋ $ #+Ŋ .11# Ŋ /1.5#!'¢Ŋ+ Ŋ/.2#2(¢-Ŋ"#Ŋ+.2Ŋ31#2Ŋ-4#5.2Ŋ(-3#Ĺ %1 -3#2Ŋ"#Ŋ24Ŋ (-#3#Ŋ/ 1 Ŋ1#(3#1 1Ŋ04#Ŋ+.2Ŋ1#24+3 ".2Ŋ"#Ŋ+ Ŋ!.-24+3 Ŋ/./4+ 1Ŋ
2.-ĹŠ4-ĹŠÄĄ31(4-$.ĹŠ"#ĹŠ+ ĹŠ"#,.!1 !( ĢĔŊ8ĹŠ04#ĹŠ#++.ĹŠ/#1,(3(1;ĹŠ' !#1ĹŠ! , (.2ĹŠ1 "(! +#2ĹŠ 04#ĹŠ+.%1 1;-ĹŠ! , ( 1ĹŠ+ ĹŠ'(23.1( ĹŠ8ĹŠ"#2!.-!#-31 1Ä“ -ĹŠ3 -3.ĔŊ"#2"#ĹŠ#+ĹŠ (-(23#1(.ĹŠ ..1"(- ".1ĹŠ"#ĹŠ+ ĹŠ 1."4!!(¢-ĔŊ ,/+#.ĹŠ8ĹŠ .,Äą /#3(3(5(" "ĹŠ2#ĹŠ -4-!(¢Ŋ04#ĹŠ2#ĹŠ /+(! 1;ĹŠ4-ĹŠ/1.%1 , ĹŠ"#ĹŠ1#!.-5#12(¢-ĹŠ+ .1 +ĹŠ/ 1 ĹŠ +.2ĹŠ31 ) ".1#2ĹŠ(-5.+4!1 ".2ĹŠ#-ĹŠ! 2(-.2ēŊ +ĹŠ/+ -ĔŊ2#%ĂŒ-ĹŠ(-"(!¢Ŋ 41(!(.ĹŠ # ĔŊ5(!#,(-(231.ĹŠ"#ĹŠ 1."4!!(¢-ĔŊ!.-2(23(1~ ĹŠ #-ĹŠ! / !(3 1ĹŠ ĹŠ+.2ĹŠ#,/+# ".2ĹŠ#-ĹŠ.31 2ĹŠ !3(5(" "#2ĹŠ/ 1 ĹŠ1#4 (! 1+.2ēŊ 2#%41¢Ŋ04#ĹŠ #23.ĹŠ2#ĹŠ /+(! 1;ĹŠ+4#%.ĹŠ"#ĹŠ+.2ĹŠ1#24+3 ".2ĹŠ"#ĹŠ+ ĹŠ!.-24+3 ĹŠ/./4+ 1ĔŊ#-ĹŠ#+ĹŠ! 2.ĹŠ04#ĹŠ % -#ĹŠ#+ĹŠ ~ĹŠ#-ĹŠ+ ĹŠ/1#%4-3 ĹŠ2(#3#ĹŠ04#ĹŠ/+ -3#¢Ŋ+ ĹŠ#+(,(- !(¢-ĹŠ"#ĹŠ+.2ĹŠ)4#%.2ĹŠ"#ĹŠ 9 1ĹŠ #-ĹŠ#+ĹŠ/ ~2ēŊ #%ĂŒ-ĹŠ#+ĹŠ2#!3.1ĹŠ#-ĹŠ!4#23(¢-ĹŠ2#1~ -ĹŠ +1#"#".1ĹŠ"#ŊĉĊŊ,(+ĹŠ31 ) ".1#2ĹŠ+.2ĹŠ $#!3 ".2ĹŠ"#ĹŠ% - 1ĹŠ#+ĹŠ ~ēŊ
Z[ bW Feb_Y‡W" Yehed[b 9ƒiWh 9W# hh_ÂŒd" W gk_[d Wo[h \k[ Z[YbWhWZe _deY[dj[ Z[b ikfk[ije _dj[dje Z[ CW]d_Y_Z_e" W gk[ i[ iec[jW W [ijW fhk[XW$ ;b `[\[ Z[ ;ijWZe jWcX_ƒd e\h[Y_ÂŒ iec[j[hi[ W Z_Y^e [nW# c[d fWhW fheXWh gk[ Z_Y[ bW l[h# ZWZ YkWdZe d_[]W gk[ bWi <k[h# pWi 7hcWZWi H[lebkY_edWh_Wi Z[ 9ebecX_W <7H9 WfehjWhed Z_d[he W ik YWcfW‹W fh[i_Z[d# Y_Wb [d (&&,$ , (.2ĹŠ#-ĹŠ+ ĹŠ)423(!(
;d YkWdje W bW jhWdi_Y_ÂŒd Z[ bW @kij_Y_W" 9ehh[W _d\ehcÂŒ gk[ i[ XkiYWd YWcX_ei fei_j_lei o feh [ie decXhÂŒ W FWkbe He# Zh‡]k[p" Z_h[Yjeh Z[b H[]_ijhe 9_l_b" Yece ik Z[b[]WZe W bW 9ec_i_ÂŒd JƒYd_YW$ Æ7i‡ Yece be]hWcei jhWdi\eh# cWh [b H[]_ijhe 9_l_b $$$ Z[ _]kWb cWd[hW Yedi[]k_h[cei YWcX_ei [d [b I_ij[cW `kZ_Y_WbÇ" [d\Wj_pÂŒ [b @[\[ Z[ ;ijWZe" gk_[d h[YedeY_ÂŒ gk[ HeZh‡]k[p de [i `kh_ijW i_de kd jƒYd_Ye _d\ehc|j_Ye$ 7i_c_ice" Z[ijWYÂŒ gk[ [ijW
bWXeh Z[X[ _h Z[ bW cWde Yed bW i[]kh_ZWZ" feh be gk[ WdkdY_ÂŒ gk[ i[ ZejWh| Z[ [gk_fei [ _d\hW# [ijhkYjkhW W bW Feb_Y‡W DWY_edWb" Wi‡ Yece Z[iYedY[djhWh| [b i_i# j[cW `kZ_Y_Wb fWhW h[iebl[h bei c|i Z[ kd c_bbÂŒd '&& c_b `k_# Y_ei f[dZ_[dj[i$ 9ehh[W W]h[]ÂŒ gk[ Yed bW c_d_ijhW Z[ @kij_Y_W" @e^WdW F[# i|dj[p" jhWXW`Wh| Y[hYWdWc[dj[ fWhW Ykcfb_h Yed [b cWdZWje Z[ bei [YkWjeh_Wdei$ Æ;d [ij[ W‹e dei lWcei W Z[Z_YWh W jhWXW`Wh [d i[]kh_ZWZ" h[\ehcW `kZ_Y_Wb o Z[b ;ijWZeÇ$ Feh ik fWhj[" bW dk[lW \kdY_e# dWh_W _dZ_YÂŒ gk[ W c|i Z[ Ykc# fb_h Yed [b cWdZWje [dYWh]WZe" _cfkbiWh| feb‡j_YWi dk[lWi fWhW c[`ehWh [b I_ij[cW Z[ H[^WX_b_# jWY_ÂŒd IeY_Wb$ 7 IjWb_d L[hW" gk_[d \k[ dec# XhWZe Yece [b dk[le C_d_ijhe Z[ 7]h_YkbjkhW" 9ehh[W b[ Wi_]dÂŒ bW jWh[W Z[ Xh_dZWh Wfeoe W bei YWcf[i_dei o WdkdY_ÂŒ gk[ Yed [b eX`[j_le Z[ _cfkbiWh [b Z[iWhhebbe fWhW bei f[iYWZeh[i i[ Yh[Wh‡W [b ?dij_jkje Z[b CWh$
ƒ Ă
7 Ĺ? Ä Ä…Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
13(-#++(Ŋ$#+(!(3¢Ŋ Ŋ .11#
&Ĺ‹*, -# (. Ĺ‹ Ĺ‹ ( '6Ä…Ĺ‹ # , )Ĺ‹ ,.#( &&#Ä…Ĺ‹+/# (Ĺ‹- Ĺ‹ ( / (., Ĺ‹ Ĺ‹0#-#. Ĺ‹ (Ĺ‹ &Ĺ‹* v-Ä…Ĺ‹ &# #.šŋ 3 ,Ĺ‹ Ĺ‹-/Ĺ‹")'š&)!)Ĺ‹ / .),# ()Ĺ‹ &Ĺ‹ ),, ŋŋ*),Ĺ‹ &Ĺ‹.,#/(Äš )Ĺ‹ & .), &Ĺ‹) . (# )Ĺ‹ (Ĺ‹& Ĺ‹ )(-/&. Ĺ‹ *)*/& ,Ĺ‹ &Ĺ‹* - )Ĺ‹Ä Ĺ‹ Ĺ‹' 3)Ä„
11.1ĹŠ#-ĹŠ(-$.1,#ĹŠ"#ĹŠ
ĹŠ .1/.1 !(¢-ĹŠ 13(!(/ !(¢-ĹŠ (4" " - Ŋĸ ĚĔŊŊ#-ĹŠ242ĹŠ -$.1,#2ĹŠ"#ĹŠ .-(3.1#.ĹŠ"#ĹŠ+.2ĹŠ ,#2#2ĹŠ"#ĹŠ, 19.ĹŠ8ĹŠ 1(+ĹŠ(-!+48¢Ŋ!.,.ĹŠ/ 43 -3#ĹŠ"#ĹŠ/4 +(!(" "ĹŠ.ă!( +ĔŊ +ĹŠ (-(23#1(.ĹŠ "#ĹŠ #$#-2 ĹŠ !(.- +ĹŠ!.-ŊĉćŊ2/.32ĹŠ/.1ĹŠÄ?ĹŠ,(-43.2Ŋĸ, 19.ĚŊ8ĹŠÄˆÄ‘ĹŠ2/.32ĹŠ"#ĹŠÄ?ĹŠ,(-43.2ĹŠ ĸ 1(+ĚēŊ ĹŠ !+ 1¢Ŋ04#ĹŠ"(!'.2ĹŠ2/.32ĹŠ!.11#2/.-"#-ĹŠ ĹŠ+ ĹŠ 4#19 ĹŠ _1# ĹŠ !4 3.1( - ĹŠ ĸ ĚĔŊ, 2ĹŠ-.ĹŠ +ĹŠ (-(23#1(.ĹŠ"#ĹŠ #$#-2 ĔŊ!.,.ĹŠ!.-23 ĹŠ#-ĹŠ"(!'.2ĹŠ1#/.13#2ēŊŊ
&ŋ - ,/.#(#)ŋ- ŋŋ & ,šŋ (ŋ # "#( "
ēŊ -Ŋ/1.5(-!( 2Ŋ!.,.Ŋ 4-%41 '4 Ŋ+.2Ŋ5.3 -3#2Ŋ+#Ŋ"()#1.-Ŋ .Ŋ Ŋ+ Ŋ!.-24+3 ē
- ' & v-. -ŋŋ '#(#'#4 (ŋ0).)ŋ *,)0#( # &ŋ*),ŋ &ŋ )
.2ĹŠ 2 , +#~23 2ĹŠ"#ĹŠ+ 2ĹŠ/1.5(-!( 2ĹŠ ".-"#ĹŠ% -¢Ŋ#+ĹŠ .ĹŠ/1#ă#1#-ĹŠ1#%(12#ĹŠ ĹŠ +.2ĹŠ1#24+3 ".2ĹŠ- !(.- +#2Ä“ ĹŠ ĹŠ ŊěŊ ;b ^[Y^e Z[
o de i[ Z[XWj_ÂŒ ik Yedj[d_Ze" o gk[ [b De ^WoW jh_kd\WZe [d '' bWc[djÂŒ gk[ [iW [ijhWj[]_W \kd# fhel_dY_Wi ZedZ[ oW YedYbko[# Y_edWhW [d Be`W$ L[j^em[d 9^_YW F7?I " h[# hed bei [iYhkj_d_ei \k[ Z[i[i# j_cWZe feh bei b[]_ibWZeh[i Z[b fh[i[djWdj[ Z[ CehedW IWdj_W]e" eĂ’Y_Wb_ice" gk_[d[i cWdj_[d[d jWcX_ƒd hWj_Ă’YÂŒ ik h[ifWbZe W be bW b‡d[W Z[ h[if[jWh bei h[ikbjW# gk[ ÆZ_]W bW cWoeh‡W Z[b fk[Xbe Zei ]beXWb[i$ ;ije" f[i[ W gk[ h[# [YkWjeh_WdeÇ o [nfb_YÂŒ gk[ bei j[# YedeY[d gk[ bWi Wkjeh_ZWZ[i Z[ cWi i[ j[dZh|d gk[ WdWb_pWh [d [b[YY_ÂŒd fefkbWh i[ Z[X[d W iki bW 7iWcXb[W DWY_edWb Z_Y_[dZe cWdZWdj[i$ gk[ bW lejWY_ÂŒd iebWc[dj[ h[Ă“[# ;d [ij[ Yedj[nje" <[hdWdZe `W gk[ iki cWdZWdj[i jecWhed 9|Y[h[i F7?I " WiWc# ÆkdW Z[Y_i_ÂŒd [d ejhe Xb[‡ijW feh 9ejefWn_" [n# ĹŠ i[dj_ZeÇ$ fb_YÂŒ gk[ ik fei_Y_ÂŒd i[h| bW Z[ Wikc_h [b cWdZWje
ĹŠ1#2(23#-!( Z[ bW cWoeh‡W Z[b fk[Xbe ĹŠ3#-"#-!( ĹŠ"#+ĹŠ ~ĹŠ2#%4~ ĹŠ 8#1ĹŠ +ĹŠ 8Wi|dZei[ [d [b 7hj$ /. [YkWjeh_Wde" [if[Y_Wb# $1#-3#ĹŠ#-ĹŠ1#$#Äą Z[ bW 9edij_jkY_ÂŒd" bei c[dj[ YkWdZe bb[]k[d bWi 1#-".ĹŠ31 2ĹŠ Ä?ÄŽÄ”ÄŒĹ˜ĹŠ"#ĹŠ#2!14Äą fh[\[Yjei 9ƒiWh KcW`_d# h[\ehcWi Wb B[]_ibWj_le" 3(-(.ēŊ ]W 9ejefWn_ o IWblWZeh oW gk[ de i[ YedeY[ Yk|# Gk_i^f[ PWcehW 9^_d# b[i \k[hed bWi hWped[i [i# Y^_f[ cWd_\[ijWhed ik f[Y‡ÒYWi Z[ iki cWdZWdj[i fWhW _dj[dY_ÂŒd Z[ Wf[bWh Wb Z[h[Y^e W efed[hi[$ bW h[i_ij[dY_W" fWhW gk[ i[ h[if[# CWe Ceh[de F7?I " b[]_i# j[ ik Z[Y_i_ÂŒd d[]Wj_lW \h[dj[ W bW bWZeh feh Be`W" WYejÂŒ gk[ [d ik YedikbjW$ Xbegk[ ied cko h[if[jkeiei Z[ BW fhefk[ijW \k[ Yh_j_YWZW bW Z[Y_i_ÂŒd Z[ bei cWdZWdj[i o feh [b fh[i_Z[dj[ HW\W[b 9ehh[W" YWb_Ă’YÂŒ Z[ ÆWXikhZeÇ [b fbWdj[Wh gk_[d Wi[]khÂŒ gk[ [b I‡ ]WdÂŒ [d i[fWhWj_icei [d [b fW‡i" oW gk[ jeZe [b fW‡i i[]‘d [b Yedj[e eĂ’# de i[ fk[Z[ b[]_ibWh fWhW YWZW Y_Wb Z[ lejei" be YkWb i_]d_Ă’YW gk[ fhel_dY_W e YWdjÂŒd$ bWi h[\ehcWi i[h|d Z[ Wfb_YWY_ÂŒd ;b WiWcXb[‡ijW W]h[]ÂŒ gk[ [b dWY_edWb" oW gk[ [i Æh_Z‡YkbeÇ Z[# Wh]kc[dje Z[ bW efei_Y_ÂŒd \k[ Y_h gk[ [d kdWi fhel_dY_Wi I‡ o kX_YWh jeZe [b j[cW Z[ bW Yed# [d ejhWi De$ CWh‡W FWkbW Hece" c_b_jWdj[ ikbjW [d YedjhW Z[b =eX_[hde"
.3.2ĹŠ-4+.2ĹŠ8ĹŠ + -!.2 Ĺ—ĹŠĹŠ
+ĹŠ 2 , +#~23 ĹŠ +.ĹŠ 1 Ŋĸ ĚŊ 1#!.1"¢Ŋ04#ĹŠ+.2ĹŠ5.3.2ĹŠ-4+.2ĹŠ8ĹŠ + -!.2ĹŠ3 , (_-ĹŠ2.-ĹŠ"#ĹŠ1#!' 9.ĹŠ ĹŠ + ĹŠ3#2(2ĹŠ"#+ĹŠ . (#1-.ēŊ -ĹŠ#23#ĹŠ, 1!.ĹŠ 2# +¢Ŋ04#ĹŠ-.ĹŠ' 8ĹŠ-(-%4- ĹŠ ,/+(34"ĹŠ 8 ĹŠ04#ĹŠ+ ĹŠ3#-"#-!( ĹŠ#2ĹŠ"#+ĹŠÄŒÄŽĹ˜ĹŠ/ 1 ĹŠ #+ĹŠ ~ĹŠ2. 1#ĹŠ4-ĹŠÄŒÄ‡Ĺ˜ĹŠ"#+ĹŠ .Ä“ ÄĄÄ Â˘-"#ĹŠ#23;ĹŠ+ ĹŠ ) ĹŠ5.3 !(¢-Ä&#x;ĢĔŊ /1#%4-3¢Ŋ 1 ĔŊ04(#-ĹŠ2#ĹŠ1#2/.-Äą "(¢Ŋ ĹŠ2~ĹŠ,(2,.ĔŊ2# + -".ĹŠ04#ĹŠ#+ĹŠ 1#2("#-3#ĹŠ$4#ĹŠ04(#-ĹŠ/#1"(¢Ŋ8 ĹŠ04#ĹŠ !4 -".ĹŠ2#ĹŠ(-(!(¢Ŋ+ ĹŠ! ,/  Ŋ3#-~ ĹŠ #+ĹŠÄ‘Ä?Ĺ˜ĹŠ"#ĹŠ !#/3 !(¢-ēŊ 1 ĹŠ3 , (_-ĹŠ "().ĹŠ04#ĹŠ#-ĹŠ+ ĹŠ)423 ĹŠ#+#!3.1 +ĹŠ"#+ĹŠÄ?ĹŠ "#ĹŠ, 8.ĹŠ% -¢Ŋ4-ĹŠ/4# +.ĹŠ04#ĹŠ!.-ĹŠ#+ĹŠ .ĹŠ8ĹŠ+.2ĹŠ5.3.2ĹŠ-4+.2ĹŠ8ĹŠ + -!.2ĹŠ#7(%#ĹŠ 1#!3(ă! !(.-#2Ä“
Z[ HkfjkhW Z[ bei (+" jWcX_ƒd YedYehZÂŒ [d [b ^[Y^e Z[ gk[ [b h[ikbjWZe Z[ bW YedikbjW [i Z[ Wfb_YWY_ÂŒd dWY_edWb o gk[ Æde l_[d[ W bk]WhÇ be fbWdj[WZe feh bei Z_h_][dj[i _dZ‡][dWi$ ;d YkWdje Wb Yedj[e" Z_`e gk[ be ‘d_Ye gk[ bei WYjeh[i feb‡j_Yei [n_][d [i Y[b[h_ZWZ o jhWdifW# h[dY_W" feh be gk[ Yk[ij_edÂŒ gk[ [b 9edi[`e DWY_edWb ;b[YjehWb oW WdkdY_[ kd f[Z_Ze Z[ fhÂŒhhe]W fWhW Ykbc_dWh [b [iYhkj_d_e$ ÆDkdYW ^W [ijWZe [d ZkZW [b jh_kd\e Z[b I‡" [ij[ [i Yedjkd# Z[dj[" be gk[ i[ d[Y[i_jW iWX[h [i Yed Yk|dje o [d gkƒ fh[]kdjWi ^WXh‡W [b cWh][dÇ" YedYbkoÂŒ bW WiWcXb[‡ijW$
;d [b i[]kdZe Z‡W Z[b ef[hWj_le [if[Y_Wb Z[ h[Yedj[e" gk[ YedjÂŒ Yed bW fWhj_Y_fWY_ÂŒd Z[ [ijk# Z_Wdj[i i[YkdZWh_ei [d '+& Z[ bWi ()& c[iWi Z[ [iYhkj_d_e" F_# Y^_dY^W be]hÂŒ [iYhkjWh [b *. Z[ bWi WYjWi Z[ bW YedikbjW ^WijW bWi ')0&& Z[ Wo[h$ ÆCWdj[d[cei bW [nf[YjWj_# lW Z[ gk[ [b fhÂŒn_ce Zec_d]e YedYbkoW [b h[Yedj[eÇ" Z_`e bW fh[i_Z[djW Z[ bW :[b[]WY_ÂŒd Fhel_dY_Wb Z[ F_Y^_dY^W" =W# Xh_[bW C[be" [d XWi[ W bei h[ikb# jWZei h[]_ijhWZei$
BWi fhej[ijWi Z[ i[Yjeh[i feb‡j_Yei Z[ efei_Y_ÂŒd feh kdW ikfk[ijW \WbjW Z[ jhWdifWh[dY_W oW de i[ lebl_[hed W [iYkY^Wh Yed bW c_icW \k[hpW o bei Z[b[# ]WZei Z[b eĂ’Y_Wb_ice jWcfeYe [nfh[iWhed _dYed\ehc_ZWZ$ ;b ‘d_Ye _dYedl[d_[dj[ h[# ]_ijhWZe \k[ bW Z_ifei_Y_ÂŒd Z[ lebl[h W YedjWh bWi c[iWi * o .$ ;ije i[ Z_e bk[]e Z[ gk[ bei eXi[hlWZeh[i feb‡j_Yei Z[j[Y# jWhWd gk[ ÆbWi Y_\hWi de YkW# ZhWXWdÇ [d iki h[i‘c[d[i Z[ h[ikbjWZei$
)(., . ,6(Ĺ‹ Ĺ‹'6-Ĺ‹! (. Ĺ‹ * , Ĺ‹ )(. )Ĺ‹ (Ĺ‹ / 3 cko YbWhW" \WlehWXb[ Wb I‡ [d 9edi[`e DWY_edWb ;b[YjehWb Z[ jeZWi bWi fh[]kdjWi" Yed b_][hWi =kWoWi 9D;#= _dYh[c[djW# Wfhen_cWY_ed[i [d bWi fh[]kd# h| ik f[hiedWb fWhW WY[b[hWh [b jWi * o /Ç$ Yedj[e Z[ lejei Z[ bW YedikbjW ;dh_gk[ F_jW" Z_h[Yjeh Z[b fefkbWh Z[b - Z[ cWoe$ I[ fh[# 9D;#=" Z[ ik fWhj[" Yec[djÂŒ lƒ bW fWhj_Y_fWY_ÂŒd Z[ [ijk# gk[ Z[iZ[ Wo[h i[ _cfb[c[djÂŒ Z_Wdj[i Z[ bei ‘bj_cei W‹ei Z[ kd i_ij[cW Z[ Yedjheb fWhW eh# XWY^_bb[hWje$ ]Wd_pWh c[`eh [b [iYhkj_# <h[ZZo 9WXh[hW" ĹŠ d_e o Y[djhe Z[ YÂŒcfk# fh[i_Z[dj[ Z[b 9D;#=" je$ ;ije" fehgk[ i[ ^Wd i[‹WbÂŒ gk[ fWhW Ykbc_# Z[j[YjWZe [hheh[i [d [b jhWXW`e$ dWh [b Yedj[e ^WijW [b 4 8 2ĹŠ /.13 ĹŠ !.-ĹŠ#+ĹŠÄ‰ÄŽĹ˜ĹŠĹŠ Æ;b f[hiedWb W^ehW cWhj[i" bW Z[b[]WY_ÂŒd "#ĹŠ+ ĹŠ5.3 !(¢-ĹŠĹŠ - !(.- +Ä“ iWb[ Wb Wbck[hpe ZkhWdj[ Z[X[ Yecfb[jWh (&& c[iWi Z[ [iYhkj_d_e Yed )& c_dkjei" iki fk[ijei [b f[hiedWb gk[ i[ YedjhWj[$ I_ W gk[ZWd h[i]kWhZWZei feh [\[Y# f[iWh Z[ [ije de i[ fk[Z[ Ykc# j_lei Z[ bWi <<$77$ fWhW gk[ fb_h Yed [b fbWpe [ijWXb[Y_Ze" [b dWZ_[ c[jW bW cWdeÇ" WĂ’hcÂŒ \kdY_edWh_e Z_`e gk[ i[ f[Z_h| F_jW" gk_[d Z_`e gk[ i[ ^Wd je# kdW fhÂŒhhe]W Z[ Y_dYe Z‡Wi$ cWZe c[Z_ZWi Z[ Yedjheb bk[]e ;d YkWdje W bei h[ikbjWZei Z[ bei [d\h[djWc_[djei gk[ i[ Yec[djÂŒ gk[ ÆbW j[dZ[dY_W [i h[]_ijhWhed [b `k[l[i$ ŊěŊ BW :[b[]WY_ÂŒd Z[b
ÂĄ ēŊ 23 ĹŠ 8#1ĹŠ2#ĹŠ!4,/+(¢Ŋ4-ĹŠÄŒÄ?Ä”Ä‰Ĺ˜ĹŠ"#+ĹŠ#2!143(-(.ĹŠ#-ĹŠ 4 8 2Ä“
ƒ
- ,;ĹŠ24/1(,#ĹŠ5(2 ".2ĹŠ/ 1 ĹŠ#!4 3.1( -.2
#-31.ĹŠ"#ĹŠ4-ĹŠ,#2ĔŊ#+ĹŠ . (#1-.ĹŠ"#ĹŠ - ,;ĹŠ24/1(,(1;ĹŠ#+ĹŠ1#04(2(3.ĹŠ"#ĹŠ04#ĹŠ+.2ĹŠ#!4 3.1( -.2ĹŠ. 3#-% -ĹŠ4-ĹŠ5(2 ".ĹŠ/ 1 ĹŠ(-%1#2 1ĹŠ#-ĹŠ#2#ĹŠ/ ~2ēŊ 23#ĹŠ -4-!(.ĹŠ2#ĹŠ'(9.ĹŠ 8#1ĹŠ+4#%.ĹŠ"#ĹŠ+ ĹŠ1#4-(¢-ĹŠ04#ĹŠ, -345(#1.-ĹŠ+.2ĹŠ/1#2("#-3#2ĹŠ"#ĹŠ - ,;ĔŊ (! 1".ĹŠ 13(-#++(ĔŊ8ĹŠ"#ĹŠ !4 ".1ĔŊ $ #+ĹŠ .11# ēŊ #-31.ĹŠ"#ĹŠ+.ĹŠ/1#5(23.ĹŠ+ ĹŠ#+(,(- !(¢-ĹŠ"#+ĹŠ 5(2 ".ĹŠ1#%(1;ĹŠ"#2"#ĹŠ#+ĹŠ/1¢7(,.ĹŠÄˆÄŠĹŠ"#ĹŠ)4-(.ēŊ -31#ĹŠ3 -3.ĔŊ+ 2ĹŠ 43.1(" "#2ĹŠ"#ĹŠ , .2ĹŠ/ ~2#2ĹŠ(-3#1! , ( 1;-ĹŠ"#ĹŠ(-$.1, !(¢-ĹŠ2. 1#ĹŠ,(%1 !(¢-Ä“
7 Ĺ? Ä Ä…Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
&Ĺ‹' ( $)Ĺ‹ Ĺ‹ - ")-Ĺ‹ (ŋÞĂúŋŋ ")-*#. & .+.ŊĉĎŊ,4-(!(/(.2ĹŠ(-3#15(#-#-ĹŠ#-ĹŠ+ ĹŠ %#23(¢-ĹŠ(-3#%1 +ĹŠ"#ĹŠ+ ĹŠ 241 ĹŠ!.-2("#Äą 1 " ĹŠ(-$#!!(.2 Ä“ ;b h[]bWc[dje ieXh[ CWd[`e Z[ :[i[Y^ei ?d\[YY_eiei fWhW bW h[Z Z[ i[hl_Y_ei Z[ iWbkZ [d [b ;YkWZeh" Z[b C_d_ij[h_e Z[ IW# bkZ F‘Xb_YW CIF \k[ _dYkc# fb_Ze feh *.& YWiWi Z[ iWbkZ f‘Xb_YWi o fh_lWZWi [d jeZe [b fW‡i ZkhWdj[ (&'&$ ;ije be h[l[bÂŒ kd [ijkZ_e [d [b gk[ i[ [lWbkÂŒ bW ][ij_ÂŒd Z[ '$+&& de# ieYec_ei W [iYWbW dWY_edWb$ :[ [iW Y_\hW [b ,. WbYWdpÂŒ kdW YWb_\_YWY_ÂŒd ikf[h_eh W -& fkdjei" c_[djhWi gk[
¥ ēŊ .2Ŋ1#2("4.2Ŋ'.2/(3 + 1(.2Ŋ(-$#!!(.2.2Ŋ8Ŋ/ 3.+¢%(!.2Ŋ"# #-Ŋ2#1Ŋ/4#23.2Ŋ#-Ŋ$4-" 2Ŋ1.) 2ē
h[ifediWX_b_ZWZ Z[ bei Ckd_# Y_f_ei [b cWd[`e [nj[hde Z[ bei [b )( *.& ^eif_jWb[i " _dYkcfb_[# Z[i[Y^ei _d\[YY_eiei Z[ Yed\eh# c_ZWZ Yed be [ijWXb[Y_Ze [d [b Wh# hed Yed bW dehcW$ ;b Z_h[Yjeh ][d[hWb Z[ IWbkZ" j‡Ykbe$ '&& Z[ bW B[o Eh]|d_YW Z[ @kWd Ceh[_hW" _dZ_YÂŒ gk[ [ije i[ IWbkZÇ" [d\Wj_pÂŒ Ceh[_hW" gk_[d ZW fehgk[ [n_ij[d ^eif_jWb[i gk[ Yec[djÂŒ gk[ Z[ bei ((' ckd_Y_# de i[ fh[eYkfWd feh [b jhWjWc_[d# f_ei gk[ ^Wo [d [b fW‡i Æiebe (+ je Z[ bei Z[i[Y^ei$ ;d [ij[ fkdje" _dj[hl_[d[d [d bW ][ij_ÂŒd _dj[]hWb WYbWhÂŒ gk[ jWcX_ƒd [i h[ifediW# Z[ Z[i[Y^ei _d\[YY_eieiÇ$ X_b_ZWZ Z[ bei ckd_Y_f_ei ZWh kd Xk[d jhWjWc_[dje W [ij[ j_fe Z[ +(ă! !(¢;b d_l[b Z[ Ykcfb_c_[dje c‡d_# XWikhW$ Æ;d [b Whj‡Ykbe )( Z[b h[]bW# ce gk[ WYh[Z_j[ W kdW _dij_jk# c[dje [ij| [ijWXb[Y_Ze gk[ [i Y_ÂŒd ^WX[h WbYWdpWZe kd cWd[`e
WZ[YkWZe Z[ bei Z[i[Y^ei _d\[Y# Yec[djÂŒ gk[ bei Z[i[Y^ei ^ei# Y_eiei o [if[Y_Wb[i i[h| Z[b -& " f_jWbWh_ei Z[X[d j[d[h kd jhWjW# fWhW jhWc_jWh bW h[delWY_ÂŒd Z[ c_[dje [if[Y_Wb$ ÆI[ Z[X[ Wfb_# YWh bW [ij[h_b_pWY_ÂŒd o bW ik f[hc_ie Z[ \kdY_edW# Z[i_d\[YY_ÂŒd gk‡c_YW$ c_[dje$ :[ WYk[hZe W bW ĹŠ BW fh_c[hW c[Z_Wdj[ bW YWb_\_YWY_ÂŒd gk_[d j_[d[ YecX_dWY_ÂŒd Z[ YWbeh o kd fehY[djW`[ Z[ -& W fh[i_ÂŒd fhefehY_edWZW ./ [i Xk[de o Z[ /& .2ĹŠ"#2#!'.2ĹŠ '.2/(3 + 1(.2ĹŠ W '&& [i WZ[YkWZe" c[# -4-! ĹŠ"# #-ĹŠ2#1ĹŠ feh [b lWfeh Z[ W]kW" (-!(-#1 ".2ĹŠ/.1Äą [d kd j_[cfe Z[j[hc_# deh W [ijei fehY[djW`[i [b 04#ĹŠ2.-ĹŠ/#+(%1.Äą dWZe o bW ejhW c[Z_Wdj[ jhWjWc_[dje [i h[]kbWh [ 2.2ĹŠ/ 1 ĹŠ#+ĹŠ , (#-3#ĹŠ8ĹŠ+ ĹŠ [b YedjWYje Z[ bei Z[# _dikĂ’Y_[dj[$ 2 +4"ēŊ i[Y^ei Yed fheZkYjei gk‡c_Yei [if[Y‡ÒYeiÇ" 1 3 ,(#-3. 9Whbei ;ijƒl[p" WcX_[djWb_ijW" [nfb_YÂŒ$
& , ,)(ŋ&# , #š(ŋ ŋ&)-ŋ #(0)&/ , )-ŋ (ŋ -)ŋ ŋ ) " ŋ
/# #)Ĺ‹ Ĺ‹ #(#-.,)Ĺ‹ Ĺ‹ &/ Ĺ‹ (Ĺ‹& Ĺ‹ / , ŋó)$ 7XZWb| 8kYWhWc Fkbb[o FH; h[l[bÂŒ gk[ bW deY^[ Wdj[h_eh W bW i[i_ÂŒd Z[ bW 9ec_i_ÂŒd Z[ <_iYW# b_pWY_ÂŒd" feh [b `k_Y_e feb‡j_Ye Wb c_d_ijhe Z[ IWbkZ" :Wl_Z 9^_h_# Xe]W" Yec[dpWhed W ÆZ[iĂ’bWh kd i_dd‘c[he Z[ c_d_ijhei Z[ ;i# jWZeÇ" [d bW 7iWcXb[W DWY_edWb" fWhW kdW h[kd_ÂŒd YedleYWZW feh bW c_d_ijhW Z[ 9eehZ_dWY_ÂŒd Z[ bW Feb‡j_YW" :eh_i Ieb_p$ ;d Wgk[bbW h[kd_ÂŒd i[ [dYed# jhWXWd bei e\_Y_Wb_ijWi CWkhe 7dZ_de o 9ƒiWh HeZh‡]k[p" gk[ i[ [dY[hhWhed Yed [b C_d_ijhe Z[ IWbkZ" _dZ_YÂŒ 8kYWhWc o h[iWbjÂŒ gk[ be ^_Y_[hed [d bW fh[i_Z[dY_W Z[ bW 7iWcXb[W fWhW jhWjWh [b Wh# Y^_le Z[b `k_Y_e feb‡j_Ye$ ;d c[Z_e Z[ kdW W]_jWZW Z_iYk# i_ÂŒd" HeZh‡]k[p d[]ÂŒ be ikY[Z_Ze o Wi[l[hÂŒ gk[ i[ Æ_dl[djWd _cW]_# dWh_eiÇ o gk[ ƒb Yece YeehZ_dW# Zeh Z[ Xbegk[ j_[d[ gk[ cWdj[d[h lWh_Wi h[kd_ed[i" f[he de d[]ÂŒ gk[ 9^_h_Xe]W ^kX_[hW Wi_ij_Ze oW gk[ ieijkle gk[ Æ[i dehcWb o [i Yec‘dÇ gk[ 9ehZ[he h[Y_XW W bei c_d_ijhei Z[ ;ijWZe$ 7Z[c|i HeZh‡]k[p Z[ib[]_j_# cÂŒ [b `k_Y_e feb‡j_Ye ieij[d_[dZe gk[ [ij| XWiWZe [d Æi[_i h[Yeh# j[i Z[ fh[diWÇ" <hWdY_iYe KbbeW
ă
^ ēŊ " +;Ŋ 4! 1 ,Ŋ 4++#8Ŋ ĸ ĚĔŊ'(9.Ŋ4-Ŋ1#!+ ,.Ŋ (1 ".Ŋ Ŋ _2 1Ŋ ."1~%4#9Ŋĸ Ěē
CF: " _dj[hf[bWdj[ `kdje W 8k# YWhWc" Z[ceijhÂŒ gk[ be ikij[djÂŒ [d -+/ ZeYkc[djei Y[hj_Ă’YWZei$ KbbeW Wi[l[hÂŒ gk[ bW ZeYk# c[djWY_ÂŒd fh[i[djWZW [i ikĂ’# Y_[dj[ ikij[dje fWhW ZWh fWie Wb `k_Y_e feb‡j_Ye oW gk[ Z[ck[ijhW bW Yh_i_i Z[b i[Yjeh Z[ bW iWbkZ o bW \WbjW Z[ Ykcfb_c_[dje Yed be [i# jWXb[Y_Ze [d bW b[o o bei Z[Yh[jei _dj[hdWY_edWb[i" [if[Y_Wbc[dj[ [d [b |h[W Z[ d[edWjebe]‡W$ ;2ĹŠ(-!.-5#-(#-3#2
9kWdZe _d_Y_Œ bW i[i_Œd" I_bl_W IWb# ]WZe IeY_Wb_ijW ceY_edŒ gk[ i[ f_# ZWd bei _d\ehc[i Z[ bWi Z_ij_djWi Z[# \[dieh‡Wi Z[b fk[Xbe" Wi‡ Yece Z[ bWi _dl[ij_]WY_ed[i h[Wb_pWZWi [d jehde W bW ck[hj[ Z[ bei d[edWjei" f[he Wb cec[dje Z[ bW lejWY_Œd" 7dZ_de WXWdZedŒ bW iWbW" HeZh‡]k[p i[ WXi# jkle o iebWc[dj[ IWb]WZe" =WijŒd =W]b_WhZe F7?I " FWc[bW <WbYed‡ F7?I " 8kYWhWc o IY^[pdWhZW <[h# d|dZ[p ?D: lejWhed W \Wleh" feh be gk[ bW ceY_Œd \k[ d[]WZW$
;d bWi eĂ’Y_dWi Z[b Cel_c_[d# je ?dZ‡][dW o 9Wcf[i_de Z[ 9ejefWn_ C?99 " YkWjhe Z[ bei Y_dYe _cfb_YWZei [d [b Wi[i_dWje Z[ CWhYe 7djed_e Eb_le eYkhh_Ze [d cWoe Z[ (&'&" e\h[Y_[hed kdW hk[ZW Z[ fh[diW bk[]e Z[ ^WX[h h[# YeXhWZe ik b_X[hjWZ$ :_eY[b_dZW ?pW" fh[i_Z[djW Z[b C?99" [nfb_YÂŒ gk[ bW eh# ]Wd_pWY_ÂŒd bkY^ÂŒ Y[hYW Z[ kd W‹e feh [b YWie ĂˆBW 9eY^WÉ" oW gk[ bWi Yeckd_ZWZ[i ied bW XWi[ Z[b cel_c_[dje _dZ‡][# dW Z[ bW fhel_dY_W$ Ăˆ7b Ă’d iWb_[hed b_Xh[iÉ" Z_`e bW Z_h_][dj[ _dZ‡][dW" gk_[d h[YehZÂŒ gk[ bei Y_dYe _cfb_# YWZei [d [b YWie Z[ Wi[i_dWje" \k[hed W`kij_Y_WZei i[]‘d bWi YeijkcXh[i WdY[ijhWb[i Z[ bWi Yeckd_ZWZ[i o bk[]e fheY[iW# Zei feh bW `kij_Y_W ehZ_dWh_W$ HW‘b ?bWgk_Y^[" WXe]WZe Z[\[dieh Z[ bei fheY[iWZei" [nfb_YÂŒ gk[ ^WY[ kd W‹e [d bW Yeckd_ZWZ BW 9eY^W i[ h[iebl_ÂŒ kd YWie Z[ ck[hj[" o bWi Wkjeh_ZWZ[i _dZ‡][dWi [`[hY_[dZe ik Z[X[h o Z[h[Y^e ejeh]WZe feh bei Yeckd[hei" `kp]Whed" i[dj[dY_Whed o iWd# Y_edWhed W bei WYkiWZei$ F[he W f[iWh Z[ [ie" bWi Wkjeh_ZWZ[i Y_l_b[i _d_Y_Whed
ēŊ .2Ŋ(,/+(! ".2Ŋ "4)#1.-Ŋ04#Ŋ-.Ŋ3#-~ -Ŋ1#-!.1Ŋ8Ŋ2.+.Ŋ04#1~ -Ŋ1#!4/#1 1Ŋ 242Ŋ5(" 2ē
fheY[iei Z[ h[`kp]Wc_[dje ie# Xh[ kd YWie h[ik[bje feh bW `kij_# Y_W _dZ‡][dW$ 9ec[djŒ gk[ [b C?99 _dc[# Z_WjWc[dj[ h[iebl_Œ Z[\[dZ[h W bei WYkiWZei" gk[ oW \k[hed `kp# ]WZei feh bWi Wkjeh_ZWZ[i _dZ‡# ][dWi Z[ ik Yeckd_ZWZ$ (;+.%.
Bk[]e Z[ bW Wh]kc[djWY_ÂŒd Z[ HW‘b ?bWgk_Y^[ o 9Whbei Fel[ZW" YkWjhe Z[ bei Y_dYe WYkiWZei Ye# _dY_Z_[hed [d WdkdY_Wh gk[ de ]kWhZWd d_d]‘d j_fe Z[ h[dYeh ieXh[ ik `kp]Wc_[dje [d bW Ye# ckd_ZWZ Z[ BW 9eY^W$ 7kdgk[ _di_ij_[hed [d gk[ \k[# hed Æ[d]W‹WZeiÇ feh [b C_d_ij[h_e
(23
.2ĹŠ(-5.+4!1 ".2
Ĺ—ĹŠ 5;-ĹŠ -"#+)1. Ĺ—ĹŠ + 5(.ĹŠ -"#+#1. Ĺ—ĹŠ (+2.-ĹŠ ' +4(2 Ĺ—ĹŠ +_5#1ĹŠ ' +4(2 Ĺ—ĹŠ 1+ -".ĹŠ 4(2'/#Ŋĸ-.ĹŠ++#%¢Ě Z[ @kij_Y_W" oW gk[ _dYbkie Z_`[hed gk[ [b [nj_jkbWh Z[ [iW YWhj[hW Z[ ;ijWZe @eiƒ I[hhWde" b[i fhec[j_ÂŒ [ijWh‡Wd b_Xh[i [d )& e *+ Z‡Wi$ 7^ehW" Y[hYW Z[ kd W‹e Z[ ik Z[j[dY_ÂŒd" bei _cfb_YWZei h[Y_# X_[hed [b YWcX_e Z[ c[Z_ZWi" c_[djhWi [b YWie i[ h[ik[bl[ [d bW 9ehj[ 9edij_jkY_edWb$
ƒ ą
7 Ĺ? Ä Ä…Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
Ĺ‹ '*&v Ĺ‹ 0 &),Ĺ‹ ŋŋ ,Z #.)-Ĺ‹3Ĺ‹ $ Ĺ‹ . - -Ĺ‹ Ĺ‹#(. ,Z7dZh[W 8h_je" [ijkZ_Wdj[ Z[ bW <WYkbjWZ Z[ 9edjWX_b_ZWZ o 7kZ_jeh‡W Z[ bW Kd_l[hi_ZWZ 9[djhWb Z[b ;YkWZeh" WYY[Z_ÂŒ W kd YhƒZ_je [ZkYWj_le fWhW h[Wb_pWh ik j[i_i o eXj[d[h ik j‡jkbe Z[ ?d][d_[hW$ Æ>Wo dk[lWi \WY_b_ZWZ[i fWhW WYY[Z[h W kdW X[YW Z[b ?;9; ?dij_jkje ;YkWjeh_Wde Z[ 9hƒZ_je ;ZkYWj_le ^Wd Wcfb_WZe [b lWbeh Z[ bei Yhƒ# Z_jei" [b fbWpe Z[ fW]e o bei _dj[h[i[i ied c|i XW`eiÇ" [n# fb_YÂŒ 8h_je$ HedWbZ L[hZ[peje" ikX# ][h[dj[ ][d[hWb Z[b ?;9;" YehheXehÂŒ [ijW _d\ehcWY_ÂŒd i[‹WbWdZe gk[ [b cedje Z[ YhƒZ_jei fWhW [ijkZ_Wh [d [b fW‡i o [d [b [ n j h W d ` [ h e ĹŠ Wkc[djWhed$ Æ7^ehW" fWhW
2ĹŠ #! 2ĹŠ"#+ĹŠ Ykhiei [d ĹŠ!4 1#-ĹŠ #"4! !(¢-ĹŠ ;2(Äą ;YkWZeh [b ! ĔŊ !'(++#1 3.ĔŊ 3_!-(! ĹŠ24/#1(.1ĔŊ cedje Z[ \_# /1#%1 ".ĔŊ/.2Äą dWdY_Wc_[dje %1 ".ĔŊ#"4! Äą [i Z[ ')$(&& !(¢-ĹŠ!.-3(-4 ĹŠ8ĹŠ #2/#!( +ĔŊ(-5#23(Äą ZÂŒbWh[i o % !(¢-ĹŠ!(#-3~$(! ĔŊ fWhW [b [nj[# ("(., 2ĹŠ8ĹŠ! 11#Äą 1 2ĹŠ,(+(3 1#2Ä“ h_eh bb[]W W bei (,$*&&" ZÂŒbW# h[i o [b fbWpe i[ Wcfb_ÂŒ ^WijW '+ W‹eiÇ" _dZ_YÂŒ [b \kdY_edW# h_e" gk_[d WYbWhÂŒ gk[ jWcX_ƒd ^Wo kd YhƒZ_je _b_c_jWZe gk[ i[ YedY[Z[ Yed kdW ]WhWdj‡W XWdYWh_W e ^_fej[YWh_W$ -3#1#2#2
BWi jWiWi Z[ _dj[hƒi gk[ YeXhW [b ?;9; i[ Wfb_YWd [d Zei f[# h‡eZei0 Z[i[cXebie o ]hWY_W *$,- o [d f[h‡eZe Z[ h[Yk# f[hWY_ÂŒd fh_c[h W‹e0 ,$+' " i[]kdZe W‹e0 .$)* o W fWh# j_h Z[b j[hY[h W‹e0 '&$'. Æ9kWdZe ^WoW \_dWb_pWZe [b f[h_eZe Z[ [ijkZ_e o ]hWY_W i[ d[]eY_Wh| [b j_[cfe Z[ h[Yk# f[hWY_ÂŒd i[]‘d [b cedje Z[b YhƒZ_je [djh[]WZe o Yed bWi jWiWi Z[ _dj[hƒi h[if[Yj_lWiÇ" cWd_\[ijÂŒ L[hZ[peje$
4 1.2
.ĹŠ04#ĹŠ!4 1#ĹŠ#+ĹŠ!1_"(3.
ŗŊ -43#-!(¢ŗŊ +#,#-3.2Ŋ"#Ŋ#234"(. ŗŊ #2(2 ŗŊ #1#!'.2Ŋ"#Ŋ%1 ". ŗŊ 23.2Ŋ"#Ŋ5( )# ŗŊ 2 )#2 ŗŊ .+#%( 341 Ĺ, 31~!4+ 2Ĺ!(!+.2Ŋ ! "_,(!.2Ŋĸ/#-2(.-#2Ě
Ĺ—ĹŠ #%41.ĹŠ"#ĹŠ5(" ĹŠ Ĺ—ĹŠ !!("#-3#2ĹŠ
ēŊ Ŋļ! ) Ŋ,;%(! ČŊ1#23 Ŋ#+Ŋ3(#,/.Ŋ"#Ŋ!.-5(5#-!( Ŋ#-31#Ŋ+.2Ŋ,(#, 1.2Ŋ"#+Ŋ'.% 1ē
Ĺ‹ Ĺ‹ -*& 4 Ĺ‹ Ĺ‹&)-ŋŋ ( / (.,)-Ĺ‹ '#&# , .2ĹŠ#!4 3.1( -.2ĹŠ"#"(! -ĹŠ2#, - +Äą ,#-3#ĹŠÄˆÄ‡Ä”ÄŽÄ‡ĹŠ'.1 2ĹŠ ĹŠ+ ĹŠ3#+#5(2(¢-ĹŠ8ŊĉĔŊ ĎćŊ'.1 2ĹŠ ĹŠ+ ĹŠ$ ,(+( ēŊ BW j[b[l_i_ÂŒd ^W WZgk_h_Ze kd heb fh_cehZ_Wb Z[djhe Z[b d‘Yb[e \W# c_b_Wh [YkWjeh_Wde" fk[i i[]‘d kdW [dYk[ijW h[l[bWZW feh [b ?di# j_jkje DWY_edWb Z[ ;ijWZ‡ij_YWi o 9[diei ?D;9 bei [YkWjeh_Wdei Z[Z_YWd kd fhec[Z_e Z[ (( c_# dkjei Z_Wh_ei W YecfWhj_h Yed bW \Wc_b_W o kdW ^ehW o )& c_dkjei W l[h j[b[l_i_ÂŒd$ ;b _d\ehc[ h[l[bÂŒ gk[ jWdje ^ecXh[i Yece ck`[h[i YecfWh# j[d bW c_icW YWdj_ZWZ Z[ c_dk# jei Yed bW \Wc_b_W$ I_d [cXWh]e" bWi ck`[h[i Z[Z_YWd [djh[ (' W )& ^ehWi i[cWdWb[i W h[Wb_pWh gk[# ^WY[h[i Zecƒij_Yei" Z[ bWi YkWb[i +")& ^ehWi ied Z[Z_YWZWi Wb Yk_#
ZWZe Z[ bei d_‹ei$ BWi f[hiedWi Z[ c|i Z[ ,( W‹ei ied gk_[d[i c|i j_[cfe [cfb[Wd [d bW \Wc_b_W Yed (. c_# dkjei Z_Wh_ei" c_[djhWi bei gk[ c[dei b[ Z[Z_YWd ied bei `ÂŒl[d[i Z[ (( W )' W‹ei Yed '/ c_dkjei$ ;d ;YkWZeh [n_ij[d ) c_bbe# d[i ,(' c_b *,. ^e]Wh[i" Yed kd fhec[Z_e Z[ YkWjhe c_[cXhei feh ^e]Wh o '", f[hY[fjeh[i$ ;b fhec[Z_e Z[ ^_`ei Z[ bei ^e]Wh[i [i Z[ Zei d_‹ei o [b f_Ye c|n_ce [i Z[ '*$ 1. +#, ĹŠ2.!( +
BW ieY_Œbe]W CWhY[bW IWb]WZe _d# Z_YŒ gk[ bW j[b[l_i_Œd hecf[ Yed
bW Yeckd_YWY_ÂŒd Z[ bWi f[hiedWi c|i Z[ ^ehW o c[Z_W Z_Wh_W W l[h o fk[Z[ bb[]Wh W Yh[Wh kdW WZ_Y# JL$ Æ;b Wbck[hpe be YecfWhje Yed c_ [ifeiW o c_i Zei ^_`ei" Y_ÂŒd [d d_‹ei o `ÂŒl[d[i$ ÆBWi ^ehWi gk[ kd d_‹e" `el[d bk[]e jece kdW i_[ijW c_hWdZe e WZkbje [cfb[W \h[dj[ Wb j[b[l_# j[b[l_i_ÂŒd [ie c[ bb[lW Y[hYW Z[ ieh h[ijW [b j_[cfe Z[ Yedl_l[dY_W Zei ^ehWi" feh bW jWhZ[ Yehh_`e Yed bei Z[c|i c_[cXhei Z[ bW \W# bWi fhk[XWi e fh[fWhe YbWi[ fWhW c_b_W" [ije ^WY[ gk[ bWi h[bWY_ed[i [b Z‡W i_]k_[dj[ o [d bW deY^[ l[e bei dej_Y_[hei ^WijW bWi ((0)&Ç$ W\[Yj_lWi Z[YW_]WdÇ" [nfh[iÂŒ$ ;ij[ ^ecXh[ Z[ ++ W‹ei" _dZ_# BW [nf[hjW W]h[]ÂŒ gk[ de iebe bW j[b[l_i_ÂŒd h[ijW j_[cfe YÂŒ gk[ ik [ifeiW [i gk_[d \Wc_b_Wh Æ[b ?dj[hd[j o [b ĹŠ fWiW [b cWoeh j_[cfe Y[bkbWh W^ehW jWcX_ƒd Yed ik ^_`ei$ \ehcWd fWhj[ Z[ bWi \W# =[elWddW Hei[he *+ Z_Y[ gk[ [b ‘d_Ye c_b_WiÇ$ I[]‘d ZWjei Z[b +ĹŠÄ‘ÄŽÄ”ÄˆĹ˜ĹŠ"#ĹŠ '.% 1#2ĹŠ#!4 3.Äą ?D;9" [b .&"' Z[ [YkW# 1( -.2ĹŠ3(#-#-ĹŠ cec[dje [d gk[ c_hW JL [i ZkhWdj[ bW deY^[$ jeh_Wdei fei[[d Y[bkbWh" 3#+#5(2(¢-Ä“ Æ;d [b Z‡W jhWXW`e" [d bW [b (- YecfkjWZehW o [b jWhZ[ bb[]e W YWiW W h[l_iWh bWi jW# ''". j_[d[ WYY[ie W ?dj[hd[j$ h[Wi Z[ c_ ^_`W" Yedl[hiWcei kd cec[dje o bk[]e leo W Z[iYWd# #23(,.-(.2 M_bc[h 7hWk`e jhWXW`W Yece iWh [d c_ YWcW l_[dZe JL" [i [b fhe\[ieh Z[ fh_cWh_W [d kdW ‘d_Ye cec[dje gk[ j[d]e fWhW [iYk[bW Wb ikh Z[ Gk_je o Z[Z_YW h[bW`Whc[Ç" h[_j[hÂŒ$
v Ĺ‹ ˜)-Äš /3)Ĺ‹ -./0)Ĺ‹ ,, Ĺ‹*),Ĺ‹ -& 0
š Æ;iYkY^ƒ kd \k[hj[ ied_Ze" i_c_bWh Wb WhhWijh[ Z[ f_[ZhWi feh kd h‡e" Z[ fhedje [cf[Yƒ W l[h Yece c_ l_l_[dZW [cf[pWXW W _dkdZWhi[ Z[ W]kW beZeiW o f[gk[‹Wi f_[ZhWiÇ" dW# hhÂŒ ;dcW 9^|l[p" gk_[d h[ikbjÂŒ W\[YjWZW feh kd Z[ibWl[ gk[ eXi# jWYkb_pÂŒ bW l‡W 8W‹ei#Fkoe$ BW cehWZehW Z[ bW fWhhegk_W H‡e D[]he" \k[ j[ij_]e Z[b Z[i# XehZWc_[dje Z[ WY[gk_Wi o kd h‡e gk[ YebWfiWhed feh [b W]kW# Y[he gk[ YWoÂŒ ^WijW bW cWZhk]W# ZW Z[ Wo[h$ :[X_Ze W [ij[ o ejhei Y_dYe Z[ibWl[i" bW l‡W \k[ Y[hhWZW Z[i# Z[ bWi &'0)& ^WijW bWi &-0*& Z[ Wo[h$ #1)4(!(.
I[ [ij_cW gk[ bWi fƒhZ_ZWi [Ye#
dÂŒc_YWi [d [b bk]Wh ikf[hWd bei '+ c_b ZÂŒbWh[i" oW gk[ H‡e D[]he [i kdW fWhhegk_W W]h‡YebW o iki YWcfei gk[ZWhed W\[YjWZei$ ;d [iW pedW i[ fkZe Yecfhe# XWh gk[ kd ]WbfÂŒd Yed ) c_b +&& febbei Z[ YkWjhe Z‡Wi Z[ dWY_Zei" j[hc_dÂŒ Z[ijhk_Ze feh [b Z[# hhkcXe Z[ kd Y[hhe$ @kWd JeWfWdjW" jhWXW`WZeh Z[ bW ^WY_[dZW" Yec[djÂŒ gk[ W fWh# j_h Z[ bWi '/0&& Z[b `k[l[i [cf[# pÂŒ W bbel[h Z[ cWd[hW \k[hj[ o W bWi &&0*& i_dj_ÂŒ gk[ [b h‡e 9ehWb" gk[ Y_hYkdZW bei ]Wbfed[i" [c# f[pÂŒ W Z[iXehZWhi[$ 7b feYe j_[cfe [iYkY^ÂŒ kd [ijhk[dZe cko \k[hj[ gk[ l[d‡W Z[iZ[ bW cedjW‹W kX_YWZW W )& c[jhei Z[b ]WbfÂŒd" ZedZ[ [ijW# XWd bei febbei$ Æ7b fh_dY_f_e c[ Wikijƒ ck#
Y^e" o Wb _d]h[iWh Wb bk]Wh c_hƒ gk[ Y[hYW Z[ bW c_jWZ Z[ bei Wd_# cWb_jei gk[ Yh_|XWcei gk[ZWhed WfbWijWZei o ejhei W]ed_pWdj[i [d c[Z_e Z[b Wi[hh‡d kX_YWZe fWhW cWdj[d[h [b YWbehÇ$ C_[cXhei Z[ bW Feb_Y‡W DW# Y_edWb" `kdje Yed _dj[]hWdj[i Z[b 9k[hfe Z[ 8ecX[hei Z[ 8W‹ei" WokZWhed W bWi f[hiedWi W\[YjW# ZWi [d bW b_cf_[pW Z[ iki YWiWi o [d [b Z[il‡e Z[b jhWdifehj[ feh l‡Wi Wbj[hdWi Z[ bW fWhhegk_W" fWhW [l_jWh bW Yed][ij_ÂŒd$ 13#1( ĹŠ' (+(3 "
Bk[]e Z[ bWi jWh[Wi Z[ b_cf_[pW Z[ beZe" f_[ZhWi o [iYecXhei" bW YWhh[j[hW gk[ YedZkY[ Wb Fkoe gk[ZŒ ^WX_b_jWZW" i_d gk[ i[ h[# ]_ijh[d ejhWi del[ZWZ[i ^WijW [b Y_[hh[ Z[ [ijW [Z_Y_Œd$
1. +#, 2ĹŠ#-ĹŠ .31 2ĹŠ143 2ĹŠ Ĺ—ĹŠĹŠ
41 -3#ĹŠ+ ĹŠ, "14% " ĹŠ"#ĹŠ 8#1ĹŠ 3 , (_-ĹŠ2#ĹŠ1#%(231 1.-ĹŠ/1. +#, 2ĹŠ #-ĹŠ+ 2ĹŠ5~ 2ĹŠ #- Äą #9 ĹŠ8ĹŠ .++~-Äą
.1#3.ĔŊ#-ĹŠ+ 2ĹŠ04#ĹŠ2#ĹŠ1#%(231 1.-ĹŠÄˆÄŒĹŠ "#114, #2ĹŠ04#ĹŠ!.-++#5 1.-ĹŠ +ĹŠ!(#11#ĹŠ "#+ĹŠ31;ă!.ĹŠ5#'(!4+ 1Ä“
ĹŠ! 11#3#1 ĹŠ #- Äą #9 ĹŠ/1#2#-Äą 3¢Ŋ4-ĹŠ3.3 +ĹŠ"#ĹŠ-4#5#ĹŠ"#114, #2ĔŊ#+ĹŠ "#ĹŠ, 8.1ĹŠ, %-(34"ĹŠ2#ĹŠ1#%(231¢Ŋ#-ĹŠ#+ĹŠ 2#!3.1ĹŠ"#ĹŠ 4 ! , 8.2ēŊ +ĹŠÄƒ- +ĹŠ"#+ĹŠ "~ ĹŠ+ ĹŠ 13#1( ĹŠ5( +ĹŠ$4#ĹŠ' (+(3 " Ä“ -ĹŠ+ ĹŠ5~ ĹŠ .++~-ĹŊ .1#3.ĔŊ#-ĹŠ ! , (.ĔŊ'4 .ĹŠ2#(2ĹŠ"#114, #2ĔŊ#+ĹŠ"#ĹŠ , 8.1ĹŠ, %-(34"ĹŠ2#ĹŠ/1#2#-3¢Ŋ#-ĹŠ#+ĹŠ 2#!3.1ĹŠ !' !43(*ĹŠ8ĹŠ+ ĹŠ5~ ĹŠ!.-3(-4¢Ŋ 3 /.- " ĹŠ' 23 ĹŠ#+ĹŠ!(#11#ĹŠ"#ĹŠ#23 ĹŠ #"(!(¢-
7 Ĺ? Ä Ä…Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
Ć
ĹŠ"#$#-2 ĹŠ"#ĹŠ 4! 1ĹŠ (2!4+/ 2
Ŋ 4%.Ŋ 4+#23( ĔŊ .% ".Ŋ"#$#-2.1Ŋ"#Ŋ ŗ (,#Ŋ 4! 1ĔŊ +#%¢Ŋ04#Ŋ24Ŋ!+(#-3#Ŋ2#Ŋ
/1#2#-3¢Ŋ5.+4-3 1( ,#-3#ĹŠ ĹŠ+ ĹŠ)423(!( ĹŠ /.104#ĹŠ3#-~ ĹŠ24ĹŠ!.-!(#-!( ĹŠ31 -04(+ ĹŠ8ĹŠ 2 ~ ĹŠ04#ĹŠ-4-! ĹŠ345.ĹŠ#+ĹŠ $;-ĹŠ"#ĹŠ! 42 1+#ĹŠ "  .ĹŠ +ĹŠ 1#2("#-3#ēŊ , (_-ĹŠ2#ĹŠ04#)¢Ŋ04#ĹŠ -(-%ĂŒ-ĹŠ)#$#ĹŠ.ĹŠ24/#1(.1ĹŠ"#ĹŠ24ĹŠ!+(#-3#ĹŠ2#ĹŠ' ĹŠ /1#2#-3 ".ĹŠ/ 1 ĹŠ 84" 1+#ĹŠ#-ĹŠ#23#ĹŠ/1.!#2.ĹŠ 8ĹŠ/.1ĹŠ#+ĹŠ!.-31 1(.ĹŠ+.ĹŠ' -ĹŠ"#) ".ĹŠ2.+.ĹŠ/#2#ĹŠ ĹŠ +.2ĹŠ.$1#!(,(#-3.2ĹŠ04#ĹŠ+#ĹŠ'(!(#1.-ēŊ
.2ĹŠ/.+(!~ 2
.2ĹŠ 1%4,#-3.2
-Ŋ24Ŋ"#$#-2 Ŋ#+Ŋ/1.!#2 ".Ŋ (,#Ŋ ŗŊ 4! 1ĔŊ!.-Ŋ5.9Ŋ#-31#!.13 " ĔŊ"().Ŋ +Ŋ
1( 4- +ĹŠ04#ĹŠ#-ĹŠ24ĹŠ !!(.- 1ĹŠ-4-! ĹŠ'4 .ĹŠ+ ĹŠ (-3#-!(¢-ĹŠ"#ĹŠ! 42 1+#ĹŠ"  .ĹŠ +ĹŠ 1#2("#-3#ĹŠ "#ĹŠ+ ĹŠ #/ĂŒ +(! Ä“
+Ŋ/.+(!~ Ŋ 4(2Ŋ 13~-#9Ŋ+ ,#-3¢Ŋ04#Ŋ4- Ŋ ŗŊ 2(34 !(¢-Ŋ3 -Ŋ/#12.- +Ŋ!.,.Ŋ#2Ŋ+ Ŋ1#+ !(¢-Ŋ
,,#š(ŋ -ŋ#() (. ŋ
ēŊ +Ŋ#7"(1#!3.1Ŋ"#+Ŋ'.2/(3 +Ŋ"#Ŋ+ Ŋ .+(!~ ĔŊ _2 1Ŋ 11(¢-ĔŊ/#1, -#!(¢Ŋ"#3#-(".Ŋ2(#3#Ŋ,#2#2ē
1( 4- +Ŋ 4(-3.Ŋ"#!+ 1¢Ŋ+ Ŋ(-.!#-!( Ŋ "#Ŋ 11(¢-Ŋ8Ŋ+.2Ŋ!4 31.Ŋ !42 ".2Ŋ#-Ŋ#+Ŋ "#+(3.Ŋ"#Ŋ3#-3 3(5 Ŋ"#Ŋ 2#2(- 3.ēŊ
JhWi kdW ^ehW Z[ Z[b_X[hWY_ÂŒd" bei YkWdZe [b \Wbbe i[W dej_Ă’YWZe eĂ’# c_[cXhei Z[b Jh_XkdWb Gk_dje Z[ Y_Wbc[dj[ feh [iYh_je W bWi fWhj[i =WhWdj‡Wi F[dWb[i Z[ F_Y^_dY^W" fheY[iWb[i" bW fWhj[ WYkiWZehW YedĂ’hcWhed bW _deY[dY_W Z[ bei j[dZh| jh[i Z‡Wi fWhW Wf[bWh" i_ YkWjhe kd_\ehcWZei$ Wi‡ be Z[Y_Z[$ FeYe c|i Z[ *& ^ehWi" [d Feh ik fWhj[" bei WXe]WZei Z[ Y_dYe Z‡Wi Yedi[Ykj_lei" i[ bW Z[\[diW Ye_dY_Z_[hed [d i[‹W# jecÂŒ [b Jh_XkdWb fWhW `kp]Wh bWh gk[ WdWb_pWh|d Yed iki Yb_[d# W bei YkWjhei _cfkjWZei feh [b j[i Yk|b i[h| [b i_]k_[dj[ fWie" fh[ikdje Z[b_je Z[ cW]d_Y_Z_e Wkdgk[ WZ[bWdjWhed gk[ de [i Wb fh[i_Z[dj[ HW\W[b 9ehh[W" ik W\|d f[hi[]k_h W bei j[ij_]ei [djh[ [bbei Wb Yehed[b 9ƒiWh gk[ \Wbi[Whed bW l[hZWZ$ 9Whh_ÂŒd" [nZ_h[Yjeh Z[b >ei# ;b Ă’iYWb Bk_i ;dh‡gk[p Z_`e ^WX[h fheXWZe" Yed\ehc[ W Z[# f_jWb Z[ bW Feb_Y_W$ Bei `k[Y[i Z[b Jh_XkdWb" >k]e h[Y^e" bW _d\hWYY_ÂŒd Z[b Yehed[b I_[hhW" Bk_i <[hd|dZ[p o @Wgk[# 9ƒiWh 9Whh_ÂŒd" W gk_[d be WYkiÂŒ Z[ YÂŒcfb_Y[ Z[b Z[b_je _d# b_d[ FWY^WcWcW" Z[b_X[# hWhed W fk[hjW Y[hhWZW" ĹŠ l[ij_]WZe$ ;i c|i" Wi[]k# WdWb_pWdZe bWi fhk[XWi hÂŒ gk[ i[ i_[dj[ jhWdgk_be Z[ YWh]e o Z[iYWh]e fh[# Yed ik YedY_[dY_W o gk[ i[djWZWi [d [ij[ fheY[ie _2 1ĹŠ 11(¢-ĹŠ +#%¢Ŋ#-ĹŠ24ĹŠ$ 5.1ĹŠ ik WYY_edWh de ^W i_Ze [d f[dWb" gk[ jkle ik eh_# 04#ĹŠ345.ĹŠ#+ĹŠ!.1 Äą YedjhW Z[ d_d]kdW f[hie# ][d [d bei ^[Y^ei Z[b )& )#ĹŠ"#ĹŠ"#!(1ĹŠ+ ĹŠ5#1Äą dW" i_de [d f[hi[]k_h bW " "ĔŊ8ĹŠ#+ŊĉÄ?ĹŠ"#ĹŠ .!34 1#ĹŠ#-ĹŠ+ 2ĹŠ Z[ i[fj_[cXh[ Z[ (&'&$ l[hZWZ$ 2 3(- 2ĹŠ"#+ĹŠ JhWi [b WdkdY_e" [b h[# 1#2("#-3#ĹŠ2#ĹŠ"(.ĹŠ ]eY_`e Z[ bei fheY[iWZei" + ĹŠ.1"#-ĹŠ"#ĹŠ/#1Äą (2! +ĹŠ2#ĹŠ1 3(ă! ĹŠ 2#%4(1,#ĹŠ8ĹŠ#+ĹŠ iki \Wc_b_Wh[i o c|i Wbb[# (2! +ĹŠ1#2/.-"(¢Ŋ ;b <_iYWb jWcX_ƒd i[ hWj_# ]WZei de fkZe Yedj[d[h# !.-ĹŠ#+ĹŠ)4(!(.ĹŠ#-ĹŠ Ă’YÂŒ [d ik j[eh‡W Z[b YWie ,(ĹŠ!.-31 Ä“ o WYkiÂŒ Z[ Wkjeh[i Z[b i[ o jeZei i[ YhkpWhed [d WXhWpei o X[iei feh bei Z[b_je Z[ cW]d_Y_Z_e W bei h[ikbjWZei Z[b `k_Y_e [ _dYbkie feb_Y‡Wi Bk_i CWhj‡d[p" @W_c[ [b feb_Y‡W 8W^WcedZ[ de fkZe FWkYWh o Bk_i 8W^WcedZ[" _d# Yedj[d[h bWi b|]h_cWi Z[ Wb[]h‡W \hWYY_ÂŒd gk[ [ij| j_f_Ă’YWZW [d [b YkWdZe [iYkY^ÂŒ [b \Wbbe$ 7hj$ ((* Z[b 9ÂŒZ_]e F[dWb$ FWhW ^eo i[ j_[d[ fh[l_ije" W FWhW [b YWie Z[ FWkYWh" f_Z_ÂŒ fh_c[hW ^ehW" gk[ [b Jh_XkdWb Wb Jh_XkdWb gk[ i[ Wfb_gk[ [d ik [c_jW bWi h[if[Yj_lWi Xeb[jWi Z[ \Wleh" kdW f[dW c[deh feh ik [nYWhY[bWY_ÂŒd fWhW bei YkWjhe WYj_jkZ Z[ YebWXehWY_ÂŒd Yed bW fheY[iWZei gk[ ]kWhZWd fh_i_ÂŒd `kij_Y_W o feh [b ^[Y^e Z[ ^WX[h# [d [b [nF[dWb =WhY‡W Ceh[de1 o i[ [djh[]WZe lebkdjWh_Wc[dj[$
(-(231.Ŋ -4-!(¢Ŋ !!(.-#2Ŋ+#% +#2 Ŋ +Ŋ,(-(231.Ŋ"#+Ŋ -3#1(.1ĔŊ .2_Ŋ #11 -.ĔŊ"#-4-!(¢Ŋ04#Ŋ#+Ŋ/1#2("#-3#Ŋ"#Ŋ 1( 4Ĺ ŗ- +Ŋ 4(-3.Ŋ"#Ŋ 1 -3~ 2Ŋ #- +#2Ŋ"#Ŋ (!'(-!' ĔŊ 4%.Ŋ (#11 ĔŊ, -3(#-#Ŋ4- Ŋ
!34 !(¢-Ŋ/ 1!( +(9 " Ŋ Ŋ$ 5.1Ŋ"#+Ŋ!.1.-#+Ŋ _2 1Ŋ 11(¢-ē ĥ .,.Ŋ . (#1-.Ŋ04#1#,.2Ŋ"#-4-!( 1Ŋ8Ŋ, -($#23 1Ŋ-4#231 Ŋ/1#.!4/ !(¢-Ŋ /.1Ŋ+ Ŋ !34 !(¢-Ŋ/ 1!( +(9 " ĔŊ/.!.Ŋ31 -2/ 1#-3#Ŋ8Ŋ,48Ŋ2#2% " Ŋ!.-Ŋ+ Ŋ04#Ŋ 5(#-#Ŋ !34 -".Ŋ 4%.Ŋ (#11 ĢĔŊ"().ēŊ ĥ -Ŋ! 2.Ŋ"#Ŋ04#Ŋ#2#Ŋ31( 4- +Ŋ2(% Ŋ#2 Ŋ+~-# Ŋ"#Ŋ/ 1!( +(9 !(¢-Ŋ8Ŋ1#24#+5 Ŋ Ŋ$ 5.1Ŋ "#+Ŋ!.1.-#+Ŋ 11(¢-ĔŊ-.2.31.2Ŋ(-,#"( 3 ,#-3#Ŋ /#+ 1#,.2Ŋ+ Ŋ"#!(2(¢-ĔŊ/#1.Ŋ "(!(.- +,#-3#Ŋ/1#2#-3 1#,.2Ŋ+ 2Ŋ !!(.-#2Ŋ/#- +#2Ŋ#-Ŋ!.-31 Ŋ"#+Ŋ".!3.1Ŋ (#11 ĢĔŊ"().ē
14# Ŋ"#+ŊŊ "#3#!3.1Ŋ"#Ŋ ,#-3(1 2 ŗŊŊ +Ŋ/1(,#1Ŋ, -" 3 1(.ĔŊ $ #+Ŋ .11# ĔŊ 2#%41¢Ŋ04#Ŋ#23;Ŋ"(2/4#23.Ŋ
ĹŠ2.,#3#12#ĹŠ ĹŠ+ ĹŠ/14# ĹŠ"#+ĹŠ"#3#!3.1ĹŠ "#ĹŠ,#-3(1 2ĹŠ/ 1 ĹŠ!.,/1. 1ĹŠ04#ĹŠ#-ĹŠ 24ĹŠ! ,/  Ŋ/1#2("#-!( +ĹŠ"#ŊĉććÄ?ĹŠ -.ĹŠ1#!( (¢Ŋ$.-".2ĹŠ#!.-¢,(!.2ĹŠ"#ĹŠ + 2ĹŠ ēŊ 23.ĹŠ ĹŠ!.-"(!(¢-ĹŠ"#ĹŠ04#ĹŠ #+ĹŠ!.1.-#+ĹŠ _2 1ĹŠ 11(¢-ĔŊ3 , (_-ĹŠ 2#ĹŠ2.,#3 ĹŠ ĹŠ4- ĹŠ/14# ĹŠ2(,(+ 1ĹŠ8ĹŠ "#,4#231#ĹŠ04#ĹŠ) ,;2ĹŠ04(2.ĹŠ 3#-3 1ĹŠ !.-31 ĹŠ+ ĹŠ5(" ĹŠ"#+ĹŠ #$#ĹŠ"#ĹŠ 23 ".ēŊ 2#%41¢Ŋ2#ĹŠ' ĹŠ3#1%(5#12 ".ĹŠ3.".ĹŠ +.ĹŠ04#ĹŠ2#ĹŠ1#+ !(.- ĹŠ!.-ĹŠ#+ĹŠ)4(!(.ĹŠ04#ĹŠ 2#ĹŠ2(%4#ĹŠ#-ĹŠ!.-31 ĹŠ"#ĹŠ 11(¢-ēŊĥ 2Äą 3 ,.2ĹŠ2#%41.2ĹŠ04#ĹŠ+ ĹŠ'(23.1( ĹŠ2 1;ĹŠ )49% 1-.2ĢĔŊ2# +¢Ŋ#+ĹŠ 1#2("#-3#Ä“
H[if[Yje Z[b iWh][dje Bk_i CWhj‡d[p" [b <_iYWb WYbWhÂŒ gk[ W [ij[ fheY[iWZe de i[ b[ jecÂŒ bW ck[ijhW Z[ lep" fehgk[ i[ [dYedjhWXW fhÂŒ\k]e Z[ bW `kij_# Y_W" f[he gk[ [n_ij[d ikĂ’Y_[d# j[i fhk[XWi f[h_Y_Wb[i gk[ ZWd Yk[djW gk[ [i ƒb gk_[d W jhWlƒi Z[ HWZ_e FWjhkbbW f[Z‡W cWjWh Wb
#12#!4!(¢-Ŋ
#+ !(¢-Ŋ2#-3(,#-3 + Ŋ 4(".Ŋ 2!. 1ĔŊ .% ".Ŋ"#$#-2.1Ŋ"#Ŋ ŗŊ
4(2Ŋ 13~-#9ĔŊ"().Ŋ04#Ŋ24Ŋ!+(#-3#Ŋ' Ŋ2(".Ŋ
5~!3(, ĹŠ"#ĹŠ/#12#!4!(¢-ĹŠ#-ĹŠ#+ĹŠ(-3#1(.1ĹŠ"#ĹŠ + ĹŠ .+(!~ ĔŊ/.1ĹŠ24ĹŠ1#+ !(¢-ĹŠ2#-3(,#-3 +ĹŠ!.-ĹŠ 4- ĹŠ3#-(#-3#ĹŠ!.1.-#+ĔŊ"41 -3#ĹŠ!(-!.ĹŠ  .2ĔŊ +.ĹŠ04#ĹŠ-.ĹŠ' ĹŠ2(".ĹŠ(-5#23(% ".ĹŠ/.1ĹŠ#+ĹŠÄƒ2! +ĹŠ
(,_-#9ēŊ 23#Ŋ .% ".Ŋ3 , (_-Ŋ/42.Ŋ#-Ŋ3#+ Ŋ"#Ŋ ŗŊ "4" Ŋ#+Ŋ(-$.1,#Ŋ/#1(!( +Ŋ04#Ŋ+.Ŋ' Ŋ(,/4Ĺ
3 ".ĹŠ!.,.ĹŠ 43.1ĹŠ"#ĹŠ+ ĹŠ5.9ĹŠ04#ĹŠ#7'.13 ĹŠ , 3 1ĹŠ +ĹŠ 1#2("#-3#ĹŠ"#ĹŠ+ ĹŠ #/ĂŒ +(! ĔŊ/4#2ĹŠ 2#%ĂŒ-ĹŠ"().ĔŊ#23#ĹŠ".!4,#-3.ĹŠ$4#ĹŠ/1#2#-3 Äą ".ĹŠ#+ŊĉđŊ"#ĹŠ#-#1.ĹŠ/ 2 ".ĹŠ8ĹŠ#+ĹŠ 43.1ĔŊ#23.ĹŠ #2ĹŠ#+ĹŠ/#1(3.ĹŠ "1( -.ĹŠ (++ ĔŊ1#!(_-ĹŠ2#ĹŠ/.Äą 2#2(.-¢Ŋ"#+ĹŠ! 1%.ĹŠ4-ĹŠ"~ ĹŠ"#2/4_2ŊĸĉĒŊ"#ĹŠ #-#1.ĚēŊ 2ĹŠ,;2ĔŊ"().ĹŠ04#ĹŠ#-ĹŠĹŠ 1(,(- +~23(! ĹŠ "#ĹŠĹŠ+ ĹŠ .+(!~ ĔŊ-.ĹŠ' 8ĹŠ4- ĹŠ$#!' ĹŠ1#%(231 " ĹŠ 2. 1#ĹŠ+ ĹŠ#-31#% ĹŠ"#ĹŠ#23#ĹŠ(-$.1,#ēŊ
Fh[i_Z[dj[ Z[ bW H[f‘Xb_YW$ ;d be gk[ j_[d[ gk[ l[h Yed [b feb_Y‡W Bk_i 8W^WcedZ[" ;dh‡gk[p be WYkiÂŒ Z[ Wkjeh Z[b Z[b_je Z[ j[djWj_lW Z[ cW]d_Y_# Z_e" fehgk[ i[]‘d Z_`e ^Wo ik# Ă’Y_[dj[i [b[c[djei Z[ fhk[XW" WY[fjWZWi feh [b c_ice fhe# Y[iWZe" Z[ gk[ hei[ÂŒ [b ifhWo Z[ ]Wi bWYh_cÂŒ][de Z[bWdj[ Z[b fh[i_Z[dj[ 9ehh[W$
!.-ĹŠ+ ĹŠ!.1.-#+ ĹŠ 31(!( ĹŠ -3(++;-ĔŊ2#ĹŠ' 8 ĹŠ 3#-(".ĹŠ04#ĹŠ5#-3(+ 1ĹŠ/ĂŒ +(! ,#-3#ĹŠ#-ĹŠ4-ĹŠ 1( 4- +ēŊ
#2/4_2Ŋ"#Ŋ/#"(1Ŋ2#Ŋ"#!+ 1#Ŋ24Ŋ(-.!#-Ĺ ŗŊ !( ĔŊ#+Ŋ/.+(!~ Ŋ 4(2Ŋ ' ,.-"#ŊŊ!.-3¢Ŋ +Ŋ 1( 4- +Ŋ04#Ŋ"~ 2Ŋ 31;2ĔŊ#+Ŋ (2! +Ŋ2#Ŋ' ~ Ŋ 1#4-(".Ŋ!.-Ŋ24Ŋ/ "1#Ŋ/ 1 Ŋ/#"(1+#Ŋ04#Ŋ 2#Ŋ"#!+ 1#Ŋ!4+/ +#ĔŊ/ 1 Ŋ5#1Ŋ 2~Ŋ!.,.Ŋ+#Ŋ /4#"#Ŋ 84" 1ēŊ
1(3(!¢Ŋ#+Ŋ)4(!(.Ŋ
.2ĹŠ'#!'.2
Ĺ—ĹŠ ".+$.ĹŠ .1#-.ĔŊ .% ".ĹŠ"#$#-2.1ĹŠ"#ĹŠ ' ,.-,"#ĔŊ!.,#-9¢Ŋ/.1ĹŠ!4#23(.- 1ĹŠ + ĹŠ5 +("#9ĹŠ/1.!#2 +ĹŠ"#+ĹŠ)4(!(.ĹŠ04#ĹŠ2#ĹŠ+#ĹŠ 2(%4#ĹŠ ĹŠ24ĹŠ!+(#-3#ĹŠ8ĹŠ ĹŠ.31.2ĔŊ/4#2ĹŠ2#%ĂŒ-ĹŠ "().ĔŊ+.2ĹŠ'#!'.2ĹŠ04#ĹŠ2#ĹŠ(-5#23(% -ĹŠ2.-ĹŠ 3.3 +,#-3#ĹŠ"(23(-3.2ĹŠ4-.2ĹŠ"#ĹŠ.31.2ĹŠ8ĹŠ/.1ĹŠ 3 -3.ĹŠ+.2ĹŠ/1.!#2.2ĹŠ"# (#1.-ĹŠ2#1ĹŠ(-"(5(Äą "4 +#2ĹŠ/ 1 ĹŠ! " ĹŠ4-.ĹŠ"#ĹŠ+.2ĹŠ(,/43 ".2ēŊ
(- Ĺ‹(# ! Ĺ‹ *./, Ĺ‹ Ĺ‹ /(# ),' ) De[c‡ IWdj_bb|d" WXe]WZW Z[\[d# iehW Z[b iWh][dje Z[ Feb_Y‡W CW# h_e <beh[i" d[]ÂŒ gk[ [b kd_\ehcW# Ze ^WoW i_Ze YWfjkhWZe$ <beh[i [i WYkiWZe feh bW <_i# YWb‡W Yece YÂŒcfb_Y[ [d [b ik# fk[ije Wj[djWZe YedjhW bW i[]k# h_ZWZ Z[b ;ijWZe feh bW jecW Z[ bW 7iWcXb[W DWY_edWb" [b )& Z[ i[fj_[cXh[ fWiWZe )&#I $ ;b iWh][dje" i[]‘d _d\ehcÂŒ ik WXe]WZW" i[ fh[i[djÂŒ lebkd# jWh_Wc[dj[ W bWi eĂ’Y_dWi Z[ bW Feb_Y‡W @kZ_Y_Wb F@ [b fWiWZe . Z[ WXh_b" fWhW gk[ i[ [bWXeh[ [b fWhj[ o [b `k[p ehZ[d[ bW fh_i_ÂŒd fh[l[dj_lW$ IWdj_bb|d Z_`e gk[ bW l_dYkbW# Y_ÂŒd Z[b kd_\ehcWZe Wb fheY[ie de j_[d[ d_d]kdW XWi[" oW gk[ [i[ Z‡W" )&#I" Æbe ‘d_Ye gk[ ^_pe [i feh i[]kh_ZWZ" _cf[Z_h [b _d# ]h[ie Wb _dj[h_eh Z[b h[Y_dje b[]_i# bWj_le Z[ f[hiedWi gk[ [ijWXWd fhej[ijWdZe [d bei [nj[h_eh[iÇ$
ć
7 Ĺ? Ä Ä…Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
#).1 ĹŠ + -9 ĹŠ .,#1!( +
#%ĂŒ-ĹŠ" 3.2ĹŠ"#+ĹŠ (-(23#1(.ĹŠ"#ĹŠ ..1"(- !(¢-ĹŠ"#ĹŠ+ ĹŠ 1."4!!(¢-ĔŊ ,/+#.ĹŠ8ĹŠ .,/#3(3(5(" "ĔŊ"#ĹŠ, -3#-#12#ĹŠ+ ĹŠ3#-"#-!( ĹŠ#-ĹŠ+ ĹŠ + -9 ĹŠ .,#1!( +Ä”ĹŠÄ‰Ä‡ÄˆÄˆĹŠÄƒ- +(9 1;ĹŠ !.-ĹŠ4-ĹŠ"_ă!(3ĹŠ-.ĹŠ/#31.+#1.ĹŠ(-$#1(.1ĹŠ +ĹŠ"#ĹŠÄ‰Ä‡ÄˆÄ‡Ä”ĹŠ#-ĹŠ24ĹŠ1#+ !(¢-ĹŠ!.-ĹŠ#+ĹŠ 1."4!3.ĹŠ -3#1-.ĹŠ 143.ēŊŊ ĹŠ! 13#1 ĹŠ"#ĹŠ 23 ".ĔŊ+ 2ĹŠ#7/.13 !(.-#2ĹŠ3.3 +#2ĹŠ 4,#-3 1.-ĹŠ#-ĹŠ#+ĹŠ /1(,#1ĹŠ31(,#231#ĹŠ  .ĹŠ#-ĹŠÄ‰ÄŒÄ“ÄˆÄˆĹ˜Ä“ĹŠ 2ĹŠ(,/.13 !(.-#2ĹŠ!1#!(#1.-ĹŠ#-ĹŠ5 +.1#2ĹŠ ĹŠ4- ĹŠ3 2 ĹŠ2(,(+ 1ĹŠÄ¸Ä‰ÄŒÄ“Ä‡Ä’Ĺ˜ÄšÄ”ĹŠ" -".ĹŠ!.,.ĹŠ1#24+3 ".ĹŠ4- ĹŠ + -9 ĹŠ!.,#1!( +ĹŠ/.2(3(5 ĹŠ"#ĹŠ đĎēĒŊ,(++.-#2ĹŠ"#ĹŠ"¢+ 1#2ēŊ -ĹŠÄ‰Ä‡ÄˆÄ‡ĹŠ2#ĹŠ1#%(231 1.-ĹŠÄˆÄ?ĹŠ,(++.-#2Ä“
,# ŋ* , ŋ )'*, ,ŋ (., ŋ&)-ŋŋ / .),# ()-ŋ
+1#"#".1ĹŠ"#ĹŠÄŒÄ‡Ä‡ĹŠ/1."4!3.2ĹŠ(,/.13 ".2ĹŠ 2#1~ -ĹŠ1##,/+ 9 ".2ĹŠ#-ĹŠ+ 2ĹŠ%1 -"#2ĹŠ! Äą "#- 2ĹŠ/.1ĹŠ.31.2ĹŠ"#ĹŠ$ 1(! !(¢-ĹŠ+.! + YecfhWd bei ]hWdZ[i Yec[hY_ei Z[b fW‡i" Yece 9ehfehWY_ÂŒd <Wle# h_jW C[]WcWn_" Ikf[hcWn_" A_m_" IkaWiW" JL[djWi $ 7i‡" WZ[c|i Z[b [dYk[djhe i[ Yedj[cfbW [b Wfeoe W bWi c[Z_WdWi o f[gk[‹Wi [cfh[iWi fWhW gk[ fk[ZWd ][d[hWh bei fhe# ZkYjei gk[ h[gk_[hWd bWi YWZ[dWi Yec[hY_Wb[i$ :_[]e L[h]WhW" l_Y[c_d_ijhe Z[ ?dZkijh_Wi o FheZkYj_l_ZWZ" [n# fb_YÂŒ gk[ feh [b cec[dje" i[ ^W _Z[dj_Ă’YWZe W Wbh[Z[Zeh Z[ *&& fheZkYjei gk[ feZh‡Wd i[h [bW# XehWZei [d [b fW‡i$ ;d XWi[ W [iW b_ijW" gk[ _dYbko[ Whj‡Ykbei Yece
7F%*/'&&
9ed [b eX`[j_le gk[ bWi ]hWdZ[i YWZ[dWi Yec[hY_Wb[i i[ fhe# l[Wd Z[ fheZkYjei dWY_edWb[i" i[ Z[iWhhebbWh| [b fh_c[h [d# Yk[djhe Yec[hY_Wb Ăˆ;YkWZeh YecfhW ;YkWZehÉ$ I[ jhWjW Z[ kdW \[h_W gk[ XkiYW h[kd_h W fheZkYjeh[i dWY_edWb[i fWhW gk[ [n^_XWd be gk[ fk[Z[d \W# Xh_YWh o W bei Yec[hY_ei fWhW gk[ [nfed]Wd iki d[Y[i_ZWZ[i Z[ YecfhW$ BWi _diYh_fY_ed[i [ij|d WX_[hjWi$ I[ jhWjW Z[ kd fbWd _dj[]hWb fWhW _cfkbiWh bW ikij_jkY_ÂŒd Z[ _cfehjWY_ed[i Z[ Whj‡Ykbei gk[
ēŊ Ŋ("# Ŋ#2Ŋ4 (! 1Ŋ+ Ŋ/1."4!!(¢-Ŋ- !(.- +Ŋ#-Ŋ+ 2Ŋ%1 -"#2Ŋ"(231( 4(".1 2ēŊ
lWiei Z[ l_Zh_e" YkX_[hjei" b_Xhei" Whj‡Ykbei Z_Z|Yj_Yei" [djh[ ejhei" i[ Z[iWhhebbWh| bW \[h_W Z[ d[]eY_ei$ BW _Z[W [i gk[ i[ fWh# j_Y_f[d [b cWoeh d‘c[he Z[ fheZkYjeh[i o YecfhW# Zeh[i$ Æ;b eX`[j_le [i gk[ jeZei fk[ZWd [nfed[h iki d[Y[i_ZWZ[i Z[ YecfhW o iki YWfWY_ZWZ[i Z[ fheZkY# Y_ÂŒdÇ" WdejÂŒ @Wl_[h L|igk[p" ][h[dj[ Z[ c[hYWZ[e Z[ 9ehfehWY_ÂŒd BW <Wleh_jW" YecfW‹‡W gk[ \ehcW fWhj[ Z[ bW _d_Y_Wj_lW$ BW \[h_W i[ h[Wb_pWh| [b (& o (' Z[ `kd_e [d Gk_je o [b (- o (. Z[b c_i# ce c[i [d =kWoWgk_b$
4-3.ĹŠ"#ĹŠ/ 13("
BWi _diYh_fY_ed[i fWhW fWhj_# ;b [dYk[djhe [i YbWl[ fehgk[ Y_fWh [d bW \[h_W [ij|d WX_[hjWi o [d bW Y_jW Æbei Yec[hY_ei lWcei i[ fk[Z[ WYY[Z[h W jhWlƒi Z[ bW W Z[Ă’d_h bW b‡d[W Z[ fhe# f|]_dW m[X Z[b C_d_ij[# ZkYjei gk[ h[gk[h_cei" ĹŠ h_e Z[ ?dZkijh_Wi o Fhe# bW YWb_ZWZ" fh[Y_ei h[\[# ZkYj_l_ZWZ$ F[he bW \[h_W iÂŒbe [i h[dY_Wb[i" j_fe Z[ [cfW# [b fkdje Z[ fWhj_ZW fWhW gk[" bWi YWhWYj[h‡ij_YWiÇ" .2ĹŠ/1."4!3.1#2ĹŠ 8ĹŠ! "#- 2ĹŠ !.,#1!( +#2ĹŠ fhecel[h bW fheZkYY_ÂŒd [nfb_YÂŒ LWigk[p$ beYWb$ OW Yed bW Y[hj[pW H[Wb_pWZWi bWi Y_jWi (-3#1#2 " 2ĹŠ /4#"#-ĹŠ(-2!1(Äą (12#ĹŠ#-ĹŠ+ ĹŠ/;%(Äą h[if[Yj_lWi" bei fhel[[Ze# Z[ bei fheZkYjei gk[ bei - ĹŠ6# ĹŠ666Ä“ Yec[hY_ei gk_[h[d Yec# h[i j[dZh|d ^WijW \[Xh[he ,(!(/Ä“%. Ä“#!Ä“ Z[b fhÂŒn_ce W‹e fWhW fhWh" Æ[b C_d_ij[h_e [djhW W WfeoWh W bWi [cfh[iWi [bWXehWh bei fheZkYjei Z[Ă’d_Zei$ Æ;d [i[ c[i i[ bb[lW# Yed YWfWY_jWY_ed[i" jhWdi\[h[d# h| W YWXe kdW i[]kdZW hedZW [d Y_W j[YdebÂŒ]_YW" Wi_ij[dY_W jƒY# ZedZ[ bWi jhWdiWYY_ed[i e Yec# d_YW" fWhW gk[ fk[ZWd fheZkY_h fhWi i[ YedYh[jWh|dÇ" YedYbkoÂŒ bei Whj‡Ykbei h[gk[h_ZeiÇ" _dZ_YÂŒ L|igk[p$ L[h]WhW$
- # Ĺ‹ - -), Ĺ‹* , ŋŋ ,Ĺ‹ Ĺ‹ ,Z #.);b fheo[Yje H[Z FheZkYj_# j[d[h fhƒijWcei$ Æ9edi_ij[ [d Ze [djh[ bW H[Z FheZkYj_lW o bW lW" Ă’dWdY_WZe feh bW 7][d# jhWjWh Z[ WY[hYWh bei XWdYei W YWZ[dW e [cfh[iW X[d[Ă’Y_Wh_W$ Y_W Z[ ;ijWZei Kd_Zei fWhW bWi YWZ[dWi fheZkYj_lWi c[# >khjWZe [nfb_YÂŒ gk[ ^Wo Zei j_# [b :[iWhhebbe ?dj[hdWY_edWb Z_Wdj[ kd [gk_fe Z[ Yedikbje# fei Z[ Yeijei$ ;b fh_c[he j_[d[ KiW_Z " Yh[ÂŒ kd dk[le fhe# h[i gk[ WokZWd W bWi [cfh[iWi gk[ l[h Yed [b lWbeh Z[ bW Wi[# ]hWcW Z[ Wi_ij[dY_W jƒYd_YW W [ijhkYjkhWh kd fbWd Z[ ieh‡W" gk[ [i Wikc_Ze fWhW WYY[Z[h W Yhƒ# d[]eY_ei Ă’dWdY_W# +&%+& o fk[Z[ _h [djh[ ĹŠ bei ( c_b W * c_b ZÂŒbWh[i$ Z_jei$ ;ij| Z_h_]_Ze Xb[Ç$ ;b ejhe lWbeh" [d YWc# W YWZ[dWi fheZkY# ;ije i_]d_\_YW
gk[ bei Yedikbjeh[i -3#1#2 ".2ĹŠ j_lWi W]h‡YebWi o Z[ X_e" Yehh[ifedZ[ Wb Yhƒ# "¢+ 1#2ĹŠ"#23(-¢Ŋ jkh_ice$ WokZWd W ehZ[dWh , 8.1ĹŠ(-$.1, Äą Z_je eXj[d_Ze$ I[]‘d [b ĹŠ/ 1 ĹŠ+ ĹŠ !(¢-ĹŠ +ĹŠ-ĂŒ,#1.ĹŠ 2(23#-!( ĹŠ3_!-(Äą bWi Yk[djWi Z[ bWi 3#+#$¢-(!.ŊćĉĹ CWhY[be >khjW# ! ĹŠ"#+ĹŠ/1.%1 , Ä“ cedje" bW [cfh[iW fW]W [cfh[iWi fWhW Z[# ĊĊĊĉĊĈĒ W H[Z FheZkYj_lW Z[iZ[ Ze" YeehZ_dWZeh Z[ [b '$+ ^WijW [b )$+ $ :[iWhhebbe I[Yjeh_Wb \_d_h [b cedje [d Bei [gk_fei _d_# Z[ H[Z FheZkYj_lW" [nfb_YÂŒ gk[ feZh‡Wd [dZ[kZWhi[" gk[ i[ jhWjW Z[ kdW dk[lW fWhW gkƒ o Yk|dje feZh‡W h[dZ_h Y_Whed ik jhWXW`e [ij[ c[i o c[jeZebe]‡W Z[ Wi[iehW# bW eh]Wd_pWY_ÂŒd fWhW bei fW]ei$ feh [b cec[dje [ij|d [d bW BW Wfb_YWY_ÂŒd Z[b fhe]hWcW [jWfW Z[ _Z[dj_\_YWY_ÂŒd Z[ _d# c_[dje Ă’dWdY_[he fWhW gk[ bWi [cfh[iWi fk[ZWd eX# j_[d[ Yeije" f[he [i YecfWhj_# j[h[iWZei$
ĎćŊ
7 Ĺ? Ä Ä…Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
Ĉ
-5#23(% !(¢#-Ŋ, 1!' ŊŊ .2Ŋ1#2/.-2 +#2Ŋ#23 ".Ĺ ŗ4-("#-2#2Ŋ/("#-Ŋ Ŋ *(23;-Ŋ04#Ŋ
(-5#23(%4#Ŋ!¢,.Ŋ$4#Ŋ/.2( +#Ŋ04#Ŋ (-Ŋ
"#-ĹŠ5(5(#1 ĹŠ  .2ĹŠ.!4+3.ĹŠ#-ĹŠ4- ĹŠ !(4" "ĹŠ".-"#ĹŠ1#2("#-ĹŠ4-.2ĹŠÄˆÄ‡Ä“Ä‡Ä‡Ä‡ĹŠ ,(+(3 1#2ēŊ 2+ , "ĹŠ! +(ă!¢Ŋ#23 2ĹŠ !42 !(.-#2ĹŠ"#ĹŠÄĄ 241" 2Ģē .ĹŠ. 23 -3#ĔŊ 2+ , "ĹŠ 43.1(9¢Ŋ ĹŠ+.2ĹŠ2#15(!(.2ĹŠ2#!1#3.2ĹŠ#23 ".4-(Äą "#-2#2ĹŠ ĹŠ04#ĹŠ(-3#11.%4#-ĹŠ ĹŠ+ 2ĹŠ31#2ĹŠ 5(4" 2ĹŠ"#ĹŠ (-ĹŠ "#-ĹŠ"#3#-(" 2ĹŠ#-ĹŠ *(23;-ĹŠ"#2"#ĹŠ+ ĹŠ./#1 !(¢-ĹŠ,(+(3 1ĔŊ (-"(!¢Ŋ 8#1ĹŠ+ ĹŠ 2 ĹŠ + -! ĔŊ04#ĹŠ-.ĹŠ "(.ĹŠ,;2ĹŠ"#3 ++#2Ä“
#11.1(2,.
.-"#- ĹŠ"#ĹŠ Ä“ Ä“
ēŊ 1(.2Ŋ'#1(".2Ŋ2.-Ŋ++#5 ".2Ŋ#-Ŋ! ,(.-#2Ŋ' 23 Ŋ4-Ŋ'.2/(3 +ēŊ
&# ( -Ĺ‹' . (Ĺ‹ ŋĂúŋ* ,-)( -Ĺ‹ * , Ĺ‹0 (! ,Ĺ‹'/ ,. Ĺ‹ Ĺ‹ - ' .2ĹŠ* ,(* 9#2ĹŠ' !#-ĹŠ#23 ++ 1ĹŠ+ 2ĹŠ .,Äą 2ĹŠ04#ĹŠ++#5 -ĹŠ#-ĹŠ4-ĹŠ!#-31.ĹŠ/.+(!( +ĹŠ "#ĹŠ *(23;-ēŊ 8ĹŠÄˆÄŒÄ‡ĹŠ'#1(".2Ä“ ĔŊ ĹŠ Ä› 7b c[dei .&
f[hiedWi ckh_[hed Wo[h [d kd ZeXb[ Wj[djWZe ik_Y_ZW f[hf[jhW# Ze YedjhW kd Y[djhe fWhWc_b_jWh Z[ bW Feb_Y‡W [d [b dehe[ij[ Z[ FW# a_ij|d o h[_l_dZ_YWZe feh bei jW# b_XWd[i Yece ik Æfh_c[h WjWgk[Ç fWhW l[d]Wh bW ck[hj[ Z[ EiWcW 8_d BWZ[d$ ;ijei _dikh][dj[i _ibWc_ijWi" WĂ’b_WZei W 7b GW[ZW o Wkjeh[i Z[ kdW YWcfW‹W Z[ Wj[djWZei cko iWd]h_[djei [d FWa_ij|d" oW ^W# X‡Wd Wc[dWpWZe Yed h[fh[iWb_Wi YedjhW ?ibWcWXWZ o iki \k[hpWi Z[ i[]kh_ZWZ" W bei gk[ WYkiWd Z[ Yecfb_Y_ZWZ [d [b WjWgk[ Z[ kd YecWdZe [ijWZekd_Z[di[ gk[ cWjÂŒ W 8_d BWZ[d ^WY[ edY[ Z‡Wi [d [b dehj[ Z[b fW‡i$ 7o[h Wb WbXW" [d I^WXgWZWh" kdW WbZ[W Z[b dehe[ij[ Z[b fW‡i" kd ^ecXh[ gk[ Y_hYkbWXW [d ce# jeY_Yb[jW ^_pe [ijWbbWh bW XecXW gk[ bb[lWXW [dY_cW [d [b ce# c[dje [d [b gk[ bei YWZ[j[i" l[i#
j_Zei oW Z[ fW_iWde" i[ Z_ifed‡Wd W ikX_h W bei WkjeXki[i gk[ bei bb[lWXWd W YWiW fWhW Z_[p Z‡Wi Z[ f[hc_ie" [nfb_YÂŒ W bW 7<F D_iWh @Wd CWhmWj" [b `[\[ Z[ bW Feb_Y‡W Z[b Z_ijh_je Z[ 9^WhiWZW$ +ĹŠ"1 ,
;b Wj[djWZe _XW Z_h_]_Ze YedjhW kd Y[djhe Z[ [djh[dWc_[dje Z[ bW <hedj_[h 9edijWXkbWho" kdW kd_# ZWZ fWhWc_b_jWh Z[ bW Feb_Y‡W [d# YWh]WZW Z[ l_]_bWh bWi \hedj[hWi$ Bk[]e" YkWdZe bei feb_Y‡Wi o bei ieYehh_ijWi i[ ^WX‡Wd Yed]h[# ]WZe fWhW WokZWh W bei ^[h_Zei" ejhe ik_Y_ZW gk[ _XW [d ceje YWk# iÂŒ ejhW YWhd_Y[h‡W$ Æ7b c[dei .& f[hiedWi ck# h_[hed" ,/ Z[ [bbWi Z[ bW <hedj_[h 9edijWXkbWho o '' Y_l_b[iÇ" WĂ’hcÂŒ 8Wi^_h 7^c[Z 8_bkh" c_d_ijhe i_d YWhj[hW Z[ bW fhel_dY_W Z[ @_# X[h#FW`jkd`mW" ZedZ[ i[ fheZk`e [b ZhWcW$ C|i Z[ '*& f[hiedWi h[ikbjWhed ^[h_ZWi" o kdWi *& Z[
ĹŠ 23 ".2ĹŠ -(".2ĹŠ!.-"#-¢Ŋ+.ĹŠ04#ĹŠ! +(ă!¢Ŋ Ĺ—!.,.ĹŠÄĄ 31.9ĹŠ 3#-3 ".Ģē ĹŠ 2'(-%3.-ĹŠ24 1 8¢Ŋ+ ĹŠ(,/.13 -!( ĹŠ"#ĹŠ Ĺ—!.-3(-4 1ĹŠ+ ĹŠ!.+ .1 !(¢-ĹŠ#-31#ĹŠ+.2ĹŠ/ ~2#2ĹŠ
/ 1 ĹŠÄĄ"#2, -3#+ 1ĹŠ ĹŠ +ĹŠ #" ĹŠ8ĹŠ242ĹŠ ă+( Äą ".2ĢĔŊ2#%ĂŒ-ĹŠ#+ĹŠ/.13 5.9ĹŠ"#+ĹŠ"#/ 13 ,#-3.ĹŠ "#ĹŠ 23 ".Ä“
ZeÇ" W‹WZ[$ I[ jhWjW Z[b Wj[djWZe c|i iWd# ]h_[dje Z[ [ij[ W‹e [d FWa_ij|d$
¥ ēŊ -Ŋ+ Ŋ!(4" "Ŋ"#Ŋ
'.1#ĔŊ#234"( -3#2ĹŠ/ 04(23 -~#2ĹŠ!.-Äą 3(-ĂŒ -ĹŠ+ 2ĹŠ/1.3#23 2ĹŠ/.1ĹŠ#+ĹŠ 2#2(- 3.ĹŠ "#ĹŠ 2 , ĹŠ (-ĹŠ "#-ēŊ
[bbWi i[ Z[XWj[d [djh[ bW l_ZW o bW ck[hj[" i[]‘d \k[dj[i cƒZ_YWi$ #23(,.-(.
Æ;ijWXW i[djWZe [d kd c_dkX‘i o [if[hWXW W c_i Yeb[]WiÇ" YedjÂŒ 7^cWZ 7b_" kd YWZ[j[ YedjWY# jWZe [d [b ^eif_jWb feh j[bƒ\ede$ Æ;ij|XWcei Yedj[djei Z[ _h W l[h W dk[ijhWi \Wc_b_Wi o [iYkY^ƒ W Wb]k_[d ]h_jWh Ăˆ7bbW^k 7aXWhÉ :_ei [i ]hWdZ[ Wdj[i Z[ kdW fej[dj[ [nfbei_ÂŒdÇ" h[Yk[hZW$ ÆBk[]e [iYkY^ƒ kdW i[]kd# ZW [nfbei_ÂŒd" [djedY[i iWb‡ Z[b WkjeX‘i" [ijWXW [diWd]h[djW#
[b ckdZe Z[ 7b GW[ZW$ JWcX_ƒd i_hl[d Z[ h[jW]kWh# Z_W W bei jWb_XWd[i W\]Wdei" ieXh[ jeZe W bW h[Z >WgWd_" [d[c_]e feh WdjedecWi_W Z[ bei iebZWZei #-"1;-ĹŠ,;2ĹŠ Æ;i kdW fh_c[hW WYY_ÂŒd fWhW [ijWZekd_Z[di[i gk[ _dj[]hWd l[d]Wh [b cWhj_h_e Z[ EiWcW" \k[ bei Zei j[hY_ei Z[ bWi \k[hpWi _d# f[hf[jhWZW feh Zei Z[ dk[ijhei j[hdWY_edWb[i [d 7\]Wd_ij|d$ YecXWj_[dj[iÇ" Z[YbWhÂŒ feh j[bƒ# \ede W bW 7<F ;^iWdkb| ;^iWd" 3 04#2 fehjWlep Z[b Cel_c_[dje Z[ bei Jh[i Æ_dikh][dj[i _ibWc_ijWiÇ ck# JWb_XWd[i Z[ FWa_ij|d JJF $ h_[hed Wo[h [d kd WjWgk[ Yed c_i_# Æ9k[dj[d Yed WjWgk[i c|i b[i bWdpWZei feh kd Wl_ÂŒd j[b[]k_W# cWi_lei [d FWa_ij|d o [d 7\]W# Ze [ijWZekd_Z[di[ [d [b Z_ijh_je jh_XWb Z[ MWp_h_ij|d Z[b Dehj[$ d_ij|dÇ" Wc[dWpÂŒ$ ;b JJF" gk[ `khÂŒ b[WbjWZ W 7b ;i fh[Y_iWc[dj[ [d [ijWi h[# GW[ZW [d (&&-" [i [b fh_dY_fWb h[i# ]_ed[i \hedj[h_pWi cedjW‹eiWi fediWXb[ Z[ bei c|i Z[ *+& Wj[d# ZedZ[ bei [nf[hjei [if[hWXWd jWZei gk[ WYWXWhed Yed bW l_ZW Z[ Z[iZ[ ^WY[ Z_[p W‹ei [dYedjhWh c|i Z[ *$)&& f[hiedWi [d jeZe [b W 8_d BWZ[d o de [d bW Y_kZWZ fW‡i [d YWi_ YkWjhe W‹ei$ ;d (&&-" Z[ 7XXejjWXWZ" W Zei ^ehWi feh [b JJF Z[Yh[jÂŒ bW o_^WZ e Æ]k[hhW YWhh[j[hW Z[ ?ibWcWXWZ$ F[he \k[ iWdjWÇ W ?ibWcWXWZ feh ik Wfeoe W [d [bbW ZedZ[ kdW ef[hWY_ÂŒd h[# MWi^_d]jed [d ik Æ]k[hhW YedjhW b|cfW]e Z[ -/ iebZWZei Z[ ƒb_j[ [b j[hheh_iceÇ$ [ijWZekd_Z[di[i be cWjWhed bW deY^[ Z[b ' Z[ cWoe$ ;ijW ef[hWY_ÂŒd kd_bWj[hWb" -#,(%.2ĹŠ"#ĹŠ Ä“ Ä“ I^WXgWZWh i[ [dYk[djhW W bWi bb[lWZW W YWXe XW`e cWdZe Z[ bW fk[hjWi Z[ bWi pedWi jh_XWb[i 9?7" gk[ de gk_ie WZl[hj_h Z[ \hedj[h_pWi Yed 7\]Wd_ij|d" XWi# [bbW W ?ibWcWXWZ" i[]‘d Z_Y[ feh j_ÂŒd Z[ bei jWb_XWd[i fWgk_ijW# c_[Ze W Ă’bjhWY_ed[i" Z[iWjÂŒ kdW d‡[i o [b fh_dY_fWb iWdjkWh_e [d \k[hj[ j[di_ÂŒd$
Āúŋ" ,# )-ŋ*),ŋ )' ŋ (ŋ/(ŋ ( )ŋ ŋ "#( ŋ } ĔŊ Ŋě 7b c[dei ,& f[hie#
} ēŊ -.Ŋ"#Ŋ+.2Ŋ#,/+# ".2Ŋ +! -9 ".2Ŋ/.1Ŋ+ Ŋ#7/+.2(¢-Ŋ#2Ŋ++#5 ".Ŋ Ŋ4-Ŋ !#-31.Ŋ"#Ŋ41%#-!( 2ēŊ
dWi h[ikbjWhed ^[h_ZWi Wo[h [d kd XWdYe Z[b dehe[ij[ Z[ 9^_dW YkWdZe kd [n[cfb[WZe ^_pe [i# jWbbWh kdW XecXW YWi[hW Z[ ]Wie# b_dW [d bW iWbW ZedZ[ i[ Y[b[XhWXW kdW h[kd_ÂŒd Z[ f[hiedWb Yed je# Zei bei jhWXW`WZeh[i Z[ bW eĂ’Y_dW fh[i[dj[i$ BW [nfbei_ÂŒd i[ fheZk`e [d kd XWdYe hkhWb Z[ kd Z_ijh_je Z[ bW
Y_kZWZ Z[ Mkm[_" [d bW fhel_d# Y_W deheYY_Z[djWb Z[ =Wdik" o [b [n[cfb[WZe gk[ bW fheleYÂŒ ^koÂŒ Z[b bk]Wh" i[]‘d [b eĂ’Y_Wb Ăˆ:_Wh_e Z[b Fk[XbeÉ$ ;b =eX_[hde fhel_dY_Wb Yed# Ă’hcÂŒ gk[ bei ^[h_Zei" '/ Z[ [bbei ]hWl[i o c|i Z[ *& b[l[i" ^Wd i_Ze jhWibWZWZei Wb ^eif_jWb Z[b Z_ijh_je" c_[djhWi bW Feb_Y‡W ^W _d_Y_WZe kdW _dl[ij_]WY_ÂŒd fWhW
[iYbWh[Y[h [b ikY[ie$ C|i Z[ '& f[hiedWi iWbjWhed feh bWi l[djWdWi Z[iZ[ bW YkWh# jW fbWdjW" ZedZ[ i[ Y[b[XhWXW bW h[kd_ÂŒd" fWhW ^k_h Z[ bWi bbWcWi" [nfb_YWhed Wb]kdei j[ij_]ei Y_jW# Zei feh N_d^kW$ I[]‘d bW j[b[l_i_ÂŒd Z[ =Wdik" [b [n[cfb[WZe ^WX‡W i_Ze Z[if[# Z_Ze feh kiWh Z_d[he Z[b XWdYe [d ik fhef_e X[d[Ă’Y_e$
&Ĺ‹"),,),Ĺ‹- Ĺ‹ *) , Ĺ‹ Ĺ‹ Z2# )
ĉ
7 Ĺ? Ä Ä…Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
4+,(- -ĹŠ#7'4, !(.-#2ĹŠ#-ĹŠ$.2 2ĹŠ"#ĹŠ 41 -%.ĔŊ".-"#ĹŠ$4#1.-ĹŠ' ++ ".2ĹŠÄ‰Ä‡ÄˆĹŠ ! ";5#1#2ĹŠ"#! /(3 ".2Ä“ ^ ĔŊ ěŊŊ BWi [nYWlWY_ed[i
ēŊ 8#1Ŋ2#Ŋ1# +(9¢Ŋ#+Ŋ$4-#1 +Ŋ"#Ŋ+ 2Ŋ5~!3(, 2Ŋ$ 3 +#2Ŋ"#+Ŋ3#11#,.3.Ŋ#-Ŋ 41!( ēŊ
)(-/& )Ĺ‹'š0#&Ĺ‹ Ĺ‹ / ),ŋŋ (Ĺ‹ ), Ĺ‹* , Ĺ‹ )'* .,#). ;YkWZeh _dijWbÂŒ kd 9edikbW# Ze CÂŒl_b [d BehYW fWhW fh[ijWh Wi_ij[dY_W o Wfeoe W bei dkc[he# iei [YkWjeh_Wdei gk[ h[ikbjWhed ZWcd_Ă’YWZei feh [b \k[hj[ ce# l_c_[dje i‡ic_Ye gk[ i[ fheZk`e [b c_ƒhYeb[i" [d [iW Y_kZWZ Z[ bW 9eckd_ZWZ 7kjÂŒdecW Z[ bW H[]_ÂŒd Z[ CkhY_W" Wb ikZ[ij[ Z[ ;ifW‹W$ ;b [cXW`WZeh =Wbe 9^_h_Xe]W PWcXhWde h[_j[hÂŒ gk[ de ^Wo l‡Yj_cWi cehjWb[i o jWcfeYe i[ j_[d[ YedeY_c_[dje Z[ ^[h_Zei ]hWl[i [djh[ bei ,$&&& [YkW# jeh_Wdei h[i_Z[dj[i [d BehYW o iki Wbh[Z[Zeh[i" i[]‘d _d# \ehcWY_ed[i fhefehY_edWZWi Wb 9edikbWZe [d CkhY_W feh bW i[Yh[jWh‡W Z[b 7okdjWc_[dje Z[ BehYW$ FWhW WokZWh" fh[ijWh Wfeoe o WYecfW‹Wh W bei dkc[heiei [YkWjeh_Wdei gk[ ^Wd f[hZ_Ze iki f[hj[d[dY_Wi" [b Z_fbec|j_# Ye Z_ifkie bW _dijWbWY_ÂŒd Z[ kd
#-')ŋ (ŋ (), -. ŋŋ ŋ )&)' # ŋ ĔŊ ěŊŊ Kd j[cXbeh Z[ cW]#
d_jkZ +"( [d bW [iYWbW Z[ H_Y^j[h i[ h[]_ijhŒ Wo[h [d kdW pedW Z[b deh[ij[ Z[ 9ebecX_W" _d\ehcŒ bW H[Z I_icebŒ]_YW DWY_edWb" i_d gk[ bei eh]Wd_icei Z[ ieYehhe ^WoWd h[fehjWZe l‡Yj_cWi e ZW# ‹ei cWj[h_Wb[i$ :[ WYk[hZe Yed [b h[fehj[ Z[ bW H[Z I_icebŒ]_YW" [b ce# l_c_[dje j[b‘h_Ye eYkhh_Œ W bWi '&0'. beYWb[i _]kWb ^ehW [d ;YkWZeh o jkle Yece [f_Y[djhe bW feXbWY_Œd Z[ Bei IWdjei" [d [b Z[fWhjWc[dje fhel_dY_W Z[ IWdjWdZ[h deh[ij[ " W kdW fhe# \kdZ_ZWZ Z[ '*/". ac$ ;b j[cXbeh i[ i_dj_Œ Yed Wb]k#
i[hl_Y_e YedikbWh Z[ [c[h][dY_W [d BehYW" ZedZ[ i[ [dYk[djhWd \kdY_edWh_ei Z[b YedikbWZe [d CkhY_W o Z[ bW I[Yh[jWh_W DWY_e# dWb Z[b C_]hWdj[ I;D7C? Z[b ;YkWZeh$ 9[Y_b_W ;h_gk[" YÂŒdikb Z[ CkhY_W" o h[ifediWXb[ Z[b Ăˆ9ed# ikbWZe CÂŒl_bÉ [YkWjeh_Wde _di# jWbWZe [d BehYW" cWd_\[ijÂŒ gk[ jhWXW`W [d [ijh[Y^W YebWXehWY_ÂŒd Yed [b 9[djhe Z[ ;c[h][dY_Wi o IWblWc[dje" Wi‡ Yece ejhWi eh]W# d_pWY_ed[i [ifW‹ebWi gk[ l_[d[d fhefehY_edWdZe W bei ZWcd_Ă’# YWZei Wbe`Wc_[dje fhel_i_edWb" cWdjWi o Wb_c[djei o Wj[dY_ÂŒd iWd_jWh_W o i_YebÂŒ]_YW$ #+_$.-.ĹŠ(-"(2/#-2 +#
;b i[hl_Y_e YedikbWh Z[ [c[h][d# Y_W Yk[djW" [djh[ ejhei i[hl_Y_ei" Yed kd j[bƒ\ede Z[ Wj[dY_ÂŒd Wb f‘Xb_Ye" Ykoe d‘c[he [i [b ,), +.. ,,/ fh[Ă’`e )*" fWhW bbWcW# ZWi Z[iZ[ \k[hW Z[ ;ifW‹W
gk[ bb[lW W YWXe [b ;`ƒhY_je [d Y_dYe \eiWi Yeckd[i [d [b [i# jWZe c[n_YWde Z[ :khWd]e" Z[ bWi gk[ i[ ^Wd [njhW‡Ze kd jejWb Z[ (&' YWZ|l[h[i Z[iZ[ fh_dY_f_ei Z[ WXh_b" j[hc_dW# hed Wo[h" _d\ehcWhed \k[dj[i eĂ’Y_Wb[i$ ;d bW cW‹WdW Z[b `k[l[i \k[hed ^WbbWZei eY^e YWZ|l[# h[i [d kdW \eiW o kdWi ^ehWi Z[ifkƒi bWi Wkjeh_ZWZ[i [d# YedjhWhed ejhei Y_dYe Yk[h# fei [d [i[ [ijWZe Z[b dehj[ Z[ Cƒn_Ye" Z_`[hed W ;\[ \k[dj[i Z[ bW I[Yh[jWh‡W Z[ I[]kh_ZWZ F‘Xb_YW ZkhWd]k[di[$ Bei ‘bj_cei Y_dYe YWZ|# l[h[i \k[hed h[Ykf[hWZei feh [b ;`ƒhY_je [d kd j[hh[de kX_YWZe [d [b XWhh_e LWbb[ Z[b =kWZ_WdW" [d bW Y_kZWZ Z[ :khWd]e" YWf_jWb Z[ [ijWZe Z[b c_ice decXh[" [b YkWhje c|i feXh[ Z[b fW‡i$ ;d [b YWiYe khXWde Z[ [iW Y_kZWZ \k[hed [nYWlWZWi jh[i \eiWi c|i" c_[djhWi gk[ bW gk_djW i[ kX_YÂŒ [d bW pedW hk# hWb Z[b ckd_Y_f_e Z[ :khWd# ]e" [d [b |h[W Z[ IWd ?]dWY_e$ BWi c_icWi \k[dj[i [nfb_# YWhed gk[ [b ;`ƒhY_je ^W Ye# ckd_YWZe W bWi Wkjeh_ZWZ[i beYWb[i gk[ oW Ă’dWb_pÂŒ bWi jW# h[Wi Z[ X‘igk[ZW Z[ Yk[hfei [d [iWi Y_dYe \eiWi$
#3(#-#-Ŋ Ŋ! /. ŊŊŊ +Ŋ )_1!(3.Ŋ,#7(! -.Ŋ(-$.1,¢Ŋ ŗ 8#1Ŋ"#Ŋ+ Ŋ"#3#-!(¢-Ŋ"#Ŋ 13~-Ŋ
#+31;-ĹŠ .1.-#+ĔŊ +( 2ĹŠÄĽ +ĹŠ:%4(Äą + ČĔŊ4-ĹŠ"(1(%#-3#ĹŠ"#+ĹŠ!;13#+ĹŠ"#ĹŠ+ 2ĹŠ "1.% 2ĹŠ"#ĹŠ (- +. ĹŠ!.-2("#1 ".ĹŠ #+ĹŠ24!#2.1ĹŠ#-ĹŠ+ ĹŠ9.- ĹŠ"#ĹŠ %- !(.ĹŠ ÄĽ !'.ÄŚĹŠ .1.-#+ĔŊ,4#13.ĹŠ#-ĹŠÄ‰Ä‡ÄˆÄ‡Ä“ĹŠ #+31;-ĹŠ .1.-#+ĹŠ$4#ĹŠ! /341 ".ĹŠ#-ĹŠ 4-ĹŠ+4).2.ĹŠ!.-)4-3.ĹŠ1#2("#-!( +ĹŠ"#+ĹŠ ,4-(!(/(.ĹŠ"#ĹŠ /./ -ĔŊ#-ĹŠ#+ĹŠ;1# ĹŠ ,#31./.+(3 - ĹŠ"#ĹŠ 4 " + ) 1 ĔŊ ! /(3 +ĹŠ"#ĹŠ +(2!.ĔŊ#-ĹŠ!.,/  ~ ĹŠ "#ĹŠ!4 31.ĹŠ24/4#23.2ĹŠ!¢,/+(!#2ĔŊ %1#%¢Ŋ+ ĹŠ$4#-3#ĹŠ.ă!( +Ä“
)423#2ĹŠ8ĹŠ2#!4#231.2
I[]‘d [b ]eX[hdWZeh Z[ :khWd# ]e" @eh][ >[hh[hW 9WbZ[hW" bW cWoeh‡W Z[ bei \Wbb[Y_Zei fk[Z[d i[h l‡Yj_cWi Z[ ÆW`kij[i Z[ Yk[d# jWiÇ o Æi[Yk[ijheiÇ f[hf[jhWZei feh [b Yh_c[d eh]Wd_pWZe$ BW Y_\hW Z[ f[hiedWi [dYed# jhWZWi [d \eiWi [d :khWd]e ik# f[hW bei '.) YWZ|l[h[i ^WbbWZei [d ejhWi beYWb_pWZWi [d IWd <[h# dWdZe" [d [b deheh_[djWb [ijWZe Z[ JWcWkb_fWi$ ;ijei ‘bj_cei Yehh[ifedZ_[# hed W l‡Yj_cWi Z[ i[Yk[ijhe e Z[ ^ec_Y_Z_ei WhX_jhWh_ei" bW cWoe# h‡W Z[ [bbei fWiW`[hei Z[ WkjeXk# i[i _dj[hkhXWdei _dj[hY[fjWZei feh bW eh]Wd_pWY_ÂŒd Yh_c_dWb Z[
#2-4".2ĹŠ8ĹŠ 2(-ĹŠ! #9 ĹŠĹŠ .2ĹŠ! ";5#1#2ĹŠ"#ĹŠÄˆÄ?ĹŠ/#12.- 2ĹŠ Ĺ—$4#1.-ĹŠ#-!.-31 ".2ĹŠ#-ĹŠ+ 2ĹŠĂŒ+3(, 2ĹŠ
'.1 2Ŋ#-Ŋ+ Ŋ!(4" "Ŋ"#Ŋ 41 -%.ĔŊ-.13#Ŋ "#Ŋ _7(!.ĔŊ.!'.Ŋ"#Ŋ#++.2Ŋ#-Ŋ$.2 2Ŋ !+ -"#23(- 2Ŋ8Ŋ.!'.Ŋ,;2Ŋ"#! /(Ĺ 3 ".2ĔŊ#-31#Ŋ#++.2Ŋ#+Ŋ"#+Ŋ24 )#$#Ŋ"#Ŋ #%41(" "Ŋ"#Ŋ+ Ŋ!;1!#+Ŋ"#Ŋ+ Ŋ41 #ĔŊ2#Ĺ !4#231 ".Ŋ' !#Ŋ31#2Ŋ"~ 2ĔŊ(-$.1, 1.-Ŋ $4#-3#2Ŋ#23 3 +#2ē
Ŋ 1.!41 "41~ Ŋ #-#1 +Ŋ"#Ŋ 423(!( Ŋ "#Ŋ 41 -%.Ŋ(-$.1,¢Ŋ04#ŊŊ$4#1.-Ŋ ' ++ ".2Ŋ2#(2Ŋ! ";5#1#2Ŋĥ!.,/+#3 Ĺ ,#-3#Ŋ"#2-4".2ĔŊ"#! /(3 ".2ĢĔŊ!.-Ŋ + 2Ŋ2#(2Ŋ! #9 2Ŋ Ŋ24Ŋ+ ".ē - Ŋ'.1 Ŋ,;2Ŋ3 1"#ĔŊ#-Ŋ+ Ŋ! ++#Ŋ 3#-%4(++.Ŋ"#Ŋ 41 -%.ĔŊ! /(3 +Ŋ"#+Ŋ #23 ".Ŋ"#+Ŋ,(2,.Ŋ-., 1#ĔŊ$4#1.-Ŋ +.! +(9 ".2Ŋĥ".2Ŋ!4#1/.2Ŋ2(-Ŋ5(" Ŋ 3 , (_-Ŋ"#! /(3 ".2ĢŊ8Ŋ)4-3.Ŋ Ŋ#++.2ĔŊ 4- Ŋ"#Ŋ242Ŋ! #9 2ē -Ŋ.31.Ŋ+4% 1ĔŊ!#1! Ŋ"#Ŋ+ Ŋ! ++#Ŋ (!#-Ĺ 3#Ŋ 4;1#9ĔŊĥ2#Ŋ#-!.-31¢Ŋ4-Ŋ,41.Ŋ!.-Ŋ 4- Ŋļ- 1!.+#8#-" ČĢĔŊ!48.Ŋ!.-3#-(".Ŋ -.Ŋ' Ŋ31 2!#-"(".ĔŊ8Ŋ ).Ŋ+ Ŋ,(2, Ŋ + Ŋ.31 Ŋ! #9 ĔŊ!.11#2/.-"(#-3#Ŋ +Ŋ $4-!(.- 1(.Ŋ"#Ŋ/1(2(.-#2Ŋ #1 1".Ŋ +(-".Ŋ #9 ē
Bei P[jWi$ (! 1(.2ĹŠ"#ĹŠ- 1!.2
I[]‘d Wb]kdei ZWjei gk[ ^Wd jhWiY[dZ_Ze Z[ bWi _dl[ij_]WY_e# d[i" [d Wb]kdei YWiei [b cŒl_b Z[ bW Z[b_dYk[dY_W [hW h[YbkjWh# bei Yece i_YWh_ei" f[he Wdj[ [b h[Y^Wpe Z[ bei i[Yk[ijhWZei bei cWjWhed" Wkdgk[ [d ejhei i[ jhW# jŒ Z[ Wi[i_dWjei \ehjk_jei$
dW _dj[di_ZWZ [d lWh_ei feXbW# Zei Z[ IWdjWdZ[h" [if[Y_Wbc[d# j[ [d bW Y_kZWZ Z[ 8kYWhWcWd]W" YWf_jWb Z[fWhjWc[djWb$ LeY[hei Z[ eh]Wd_icei Z[ ieYehhe Z[iYWhjWhed gk[ [b ce# l_c_[dje ^WoW Z[`WZe l‡Yj_cWi e ZW‹ei Z[ Yedi_Z[hWY_Œd" [d Z[# YbWhWY_ed[i W c[Z_ei beYWb[i$
ÂĄ ēŊ +ĹŠ )_1!(3.ĹŠ,#7(! -.ĹŠ2#ĹŠ' ĹŠ#-$1#-3 ".ĹŠ5 1( 2ĹŠ5#!#2ĹŠ ĹŠ'., 1#2ĹŠ 1, ".2ĔŊ +ĹŠ / 1#!#1ĹŠ2(! 1(.2ĹŠ"#ĹŠ+.2ĹŠ - 1!.31 ă! -3#2ēŊ
7 Ĺ? Ä Ä…Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
ÄŠ
7/#13.2 ĹŠĹŠ -31#ĹŠ+.2ĹŠ!(#-3~ă!.2ĹŠ!.-23 -Ä–ĹŠ Ĺ— "% 1"ĹŠ ēŊ (+2.-ĔŊ04(#-ĹŠ$4#ĹŠ% - ".1ĹŠ "#+ĹŠ/1#,(.ĹŠÄĽ 1 $..1"ÄŚĹŠ8ĹŠ#2ĹŠ!.-2("#Äą 1 ".ĹŠ4-.ĹŠ"#ĹŠ+.2ĹŠÄˆÄ‡Ä‡ĹŠ#7/#13.2ĹŠ,;2ĹŠ (-Ä„48#-3#2ĹŠ"#ĹŠ+ ĹŠ'(23.1( ēėŊ #3#1ĹŠ 5#ĔŊ"#+ĹŠ 1"~-ĹŠ .3;-(!.ĹŠ"#ĹŠ (2Äą 2.41(Ä—ĹŠ 1(!ĹŠ '(5( -ĔŊ"#ĹŠ+ ĹŠ -(5#12(" "ĹŠ "#ĹŠ 15 1"Ä—ĹŠ 5("ĹŠ #6, -ĔŊ"#+ĹŠ -23(343.ĹŠ !(.- +ĹŠ"#+ĹŠ ;-!#1ĹŠ"#ĹŠ Ä“ ĹŠ8ĹŠ,;2Ä“
+%4-.2ĹŠ
#, 2ĹŠ ĹŠ31 3 1
ēŊ -Ŋ#+Ŋ3#11(3.1(.Ŋ#!4 3.1( -.Ŋ#7(23#Ŋ4- Ŋ%1 -Ŋ! -3(" "Ŋ"#ŊĄ.1 Ŋ8Ŋ$ 4- Ŋ!.-!#-31 " ē
/' , Ĺ‹ Ĺ‹ #) #0 ,-# Ĺ‹ - Ĺ‹ ( ) Ĺ‹ (Ĺ‹ - ,,)&&) 1.,.5#1ĹŠ+ ĹŠ!.-2#15 !(¢-ĹŠ8ĹŠ#+ĹŠ42.ĹŠ2.2Äą 3#-( +#ĹŠ"#ĹŠ+.2ĹŠ1#!412.2ĹŠ- 341 +#2ĹŠ#2ĹŠ+ ĹŠ ă- +(" "ĹŠ"#+ĹŠ#5#-3.ĹŠ(-3#1- !(.- +Ä“
;b ;YkWZeh i[h| bW i[Z[ Z[ bW 9kcXh[ ?dj[hdWY_edWb Z[ 8_eZ_# l[hi_ZWZ" [b fhÂŒn_ce ', o '- Z[ cWoe" [d Gk_je >eb[b >_bjed 9e# bÂŒd " ZedZ[ i[ ZWh| ƒd\Wi_i Wb kie ikij[djWXb[ Z[ bW X_eZ_l[hi_ZWZ Yece [ijhWj[]_W Z[ Z[iWhhebbe Z[b 8k[d L_l_h [d [b fW‡i$ Æ;ij[ [l[dje i[ [dcWhYW [d kdW fe# b‡j_YW Z[b =eX_[hde" [d bW gk[
,!/ ,)Ĺ‹ 0 , ) . ,v Ĺ‹ Ĺ‹ ,, # -
ĔŊ ŊěŊ BW YWh]W Z[ YWh#
XŒd Z[ kd Xkgk[ Z[ XWdZ[hW fWdWc[‹W lWhWZe [d [b ikh Z[ <_b_f_dWi fk[Z[ ZW‹Wh kde Z[ bei Whh[Y_\[i Z[ YehWb Yed cWoeh X_eZ_l[hi_ZWZ Z[b Wh# Y^_f_ƒbW]e" Z[dkdY_Œ [b <edZe CWh_de Fhej[]_Ze Z[ bW XW^‡W Z[ IWd]Wd_$ :_h_[ CWYWXWd_d]" ikf[h# _dj[dZ[dj[ Z[ [ij[ eh]Wd_ice" YkbfŒ Wb YWh]k[he :ekXb[ Fhei# f[h_jo Z[ ^WX[h gk[ZWZe [dYW# bbWZe [d [b Whh[Y_\[ Z[ 8WakZ" [d [b [njh[ce ikh Z[ bW _ibW Z[ C_dZWdWe" feh WY[hYWhi[ Z[# cWi_WZe W bW YeijW$
i[ Yedi_Z[hW W bW X_eZ_l[hi_# ZWZ Yece kd |h[W [ijhWjƒ]_YW Z[ Z[iWhhebbeÇ" [nfb_YÂŒ CWdk[b 8WbZ[ÂŒd" i[Yh[jWh_e dWY_edWb Z[ ;ZkYWY_ÂŒd Ikf[h_eh" 9_[dY_W" J[Ydebe]‡W [ ?ddelWY_ÂŒd I[# d[iYoj $ .,#-3 1ĹŠ!.-.!(,(#-3.2
;b eX`[j_le [i fhecel[h kd
YWcX_e [d bei i_ij[cWi Z[ fhe# ZkYY_ÂŒd" Wi‡ Yece bW Yedi[h# lWY_ÂŒd Z[b WcX_[dj[$ ÆBe gk[ i[ Z[X[ ^WY[h [i _dl[ij_]Wh bW X_eZ_l[hi_ZWZ Yedj_d[djWb o cWh_dW Yed [b fhefÂŒi_je Z[ iW# X[h be gk[ [n_ij[ fWhW Yedi[h# lWh o fWhW eXj[d[h fheZkYjei Wfb_YWZei [d |h[Wi i[di_Xb[i Z[b fW‡i Yece iWbkZ" Wb_c[d# jWY_ÂŒd" [d[h]‡W" [djh[ ejhWiÇ" W]h[]ÂŒ 8WbZ[ÂŒd$ 9ed bW fWhj_Y_# fWY_ÂŒd Z[ Y_[dj‡ÒYei dWY_edWb[i o [njhWd`[hei Z[i[Wd _cfkbiWh Ædk[lei [iY[dWh_ei ZedZ[ [n_ijW Z[iWhhebbe" f[he i_d Z[ijhk_h [b
i_j_e ZedZ[ l_l_ceiÇ" Z_`e$ 7Z[c|i" Yece [`[cfbe" Y_jÂŒ gk[ Wb [ijkZ_Wh bWi fbWdjWi i[ fk[Z[d eXj[d[h fheZkYjei fWhW bW c[Z_Y_dW" bW Yeic[jebe]‡W e bW [d[h]‡W$ Bei fWhj_Y_fWdj[i W bW 9kc# Xh[ feZh|d lWbehWh YÂŒce bWi Wfb_YWY_ed[i o bW Yedi[hlWY_ÂŒd Z[ bW dWjkhWb[pW fk[Z[d c[`e# hWh |h[Wi Yece bW X_ec[Z_Y_dW" bW fheZkYY_ÂŒd Z[ Wb_c[djei" bW iWd_ZWZ Wb_c[djWh_W" [b [Yejkh_i# ce" bWi [d[h]‡Wi Wbj[hdWj_lWi" bW X_ehh[c[Z_WY_ÂŒd" bW X_ej[Ydebe# ]‡W" [djh[ ejhWi$
ŗŊ #-#$(!(.2Ŋ#!.-¢,(!.2Ŋ"#+Ŋ!.-.!(,(#-3.ē Ŋ (."(5#12(" "Ŋ#-Ŋ %1(!4+341 Ŋ8Ŋ2#%41(" "Ŋ ŗ +(,#-3 1( ē ŗ+ ŊŊ Ŋ"#/#-"#-!( Ŋ"#Ŋ+ Ŋ2 +4"Ŋ#-Ŋ (."(5#12(" "ē (."(5#12(" "ē ŗŊ 1 3 ,(#-3.Ŋ"#+Ŋ!;-!#1Ŋ8Ŋ Ŋ (."(5#12(" "Ŋ8Ŋ!.-2#15 !(¢-Ŋ#-Ŋ#+Ŋ ŗ !4 ".1ē Ŋ +Ŋ42.Ŋ"#Ŋ+ Ŋ (."(5#12(" "Ŋ#-Ŋ+ Ŋ/1."4!Ĺ ŗ!(¢-Ŋ"#Ŋ#-#1%~ Ŋ +3#1- 3(5 ē (."(5#12(" "Ŋ, 1(- ē ŗŊ 2.2Ŋ"#Ŋ+ Ŋ ŗŊ 1./(#" "Ŋ(-3#+#!34 +ē
ēŊ Ŋ1(04#9 Ŋ, 1(- Ŋ#-Ŋ#+Ŋ !4 ".1Ŋ 3(#-#Ŋ4-Ŋ%1 -Ŋ5 +.1ē
.#0#-. -ŋ*,). -. (ŋ )(., ŋ*& (. ŋ(/ & , ĔŊ š =h[[df[WY[ ?d#
Â&#x; ēŊ +ĹŠ(,/ !3.ĹŠ#-ĹŠ#+ĹŠ, 1ĹŠ3." 5~ ĹŠ-.ĹŠ#23 1~ ĹŠ! +!4+ ".Ä“
(/Ŋ#!.+¢%(!. Ŋ #!(!+#Ŋ+ 2Ŋ .3#++ 2Ŋ/+;23(! 2Ŋ/ 1 Ŋ04#Ŋ ŗ/4#" -Ŋ2#1Ŋ1#42 " 2ē
1 5#2ĹŠ" Â .2
ÆJ[d[cei gk[ Yecfb[jWh bW _d# l[ij_]WY_ÂŒd" f[he bei fh_c[hei _d\ehc[i _dZ_YWd gk[ [b ZW‹e [i XWijWdj[ i_]d_Ă’YWj_leÇ" WZl_hj_ÂŒ [b WYj_l_ijW o W‹WZ_ÂŒ gk[ ^WijW [b cec[dje ^Wd YecfheXWZe ZW# ‹ei [d kdWi YkWjhe ^[Yj|h[Wi$ CWYWXWd_d] [nfb_YÂŒ gk[ [b
Xkgk[ jhWdifehjWXW ,+$&&& a_bei Z[ YWhXÂŒd Z[iZ[ 7ki# jhWb_W ^WijW ?dZ_W YkWdZe [cXWhhWdYÂŒ [d [b Whh[Y_\[ [b fWiWZe Zec_d]e feh kd [hheh Z[ Y|bYkbe Z[ bW jh_fk# bWY_ÂŒd" i[]‘d bWi fh_c[hWi _dl[ij_]WY_ed[i$ C|i Z[ bW c_jWZ Z[ bW dWl[" Z[ kdei ((+ c[jhei Z[ bWh]e" [ij| WjehWZW [d kdW pedW [d gk[ bW fhe\kdZ_ZWZ de ikf[# hW bei Zei c[jhei" be gk[ Z_# Ă’YkbjW ckY^e bWi bWXeh[i Z[ bei [gk_fei gk[ _dj[djW h[Ă“e# jWh bW [cXWhYWY_ÂŒd$
j[hdWY_edWb _d_Y_Œ kdW YWc# fW‹W YedjhW bW YedijhkYY_Œd Z[ kdW fbWdjW dkYb[Wh [d @W_# fWjkh" ?dZ_W" [d kdW pedW Z[ Wbje h_[i]e i‡ic_Ye" W\_hcŒ Akc_ DW_Zee" Z_h[Yjeh Z[ [iW eh]Wd_pWY_Œd" gk_[d h[YehZŒ [b h_[i]e Z[ gk[ i[ h[f_jW kd WYY_Z[dj[ Yece [b Z[ <kaki# ^_cW" [d @WfŒd$ ;b Z_h_][dj[ [Yebe]_ijW _d# Z_YŒ gk[ bW ikoW ^W i_Ze bW fh_c[hW Z[ bWi ckY^Wi YWhjWi gk[ i[ [if[hW gk[ h[Y_XWd [d bei fhŒn_cei Z‡Wi bei Zei XWd# Yei \hWdY[i[i _dlebkYhWZei [d bW \_dWdY_WY_Œd Z[b fheo[Yje" WYehZWZe [d Z_Y_[cXh[ fWiWZe feh [b fh[i_Z[dj[ ]Wbe" D_YebWi IWhaepo" o [b fh_c[h c_d_ijhe _dZ_e" CWdce^Wd I_d]^$
1#.!4/ !(¢-
Æ;b ckdZe [dj[he ^W i_Ze j[ij_]e Z[b Z[iWijh[ Z[ <kaki^_cW fheleYWZe feh kd \ehj‡i_ce j[hh[ceje o kd jikdWc_ [b fWiWZe c[i Z[ cWhpe o W‘d Wi‡ ^Wo fbWd[i fWhW Yedijhk_h kdW _cfehjWdj[ fbWdjW dkYb[Wh [d kdW pedW Z[ h_[i]e i‡ic_Ye [d bW YeijW e[ij[ _dZ_WÇ" Z[ijWYÂŒ DW_Zee$ BW fbWdjW Z[ @W_fWjkh" ikXhW# oÂŒ" Æiebe feZh| Yedijhk_hi[ Yed \_dWdY_WY_ÂŒd Z[ XWdYei Yece 8DF FWh_XWi o >I89Ç" o Wd_# cÂŒ W bW ][dj[ W gk[ [dl‡[ ÆYWhjWi j_feÇ Z[ fhej[ijW Yece bW [bWXe# hWZW feh =h[[df[WY[$ ÆJeZei feZ[cei [iYh_X_h W bW `kdjW Z[ [ijei XWdYei _dj[hdW# Y_edWb[i o f[Z_hb[i gk[ WokZ[d W Z[j[d[h [ij[ Whh_[i]WZe [ _d# d[Y[iWh_e fheo[Yje dkYb[Wh [d bW ?dZ_WÇ" Z[YbWhÂŒ$
§ Ä Ä€
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
7 Ĺ?Ä Ä…Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?Ĺ?
1.,#3#1_!.1"2ĹŠ#-ĹŠ3 04(++ ĹŠ Äą ^ ĹŠ
#12.- )#2ĹŠ"#+ĹŠ!¢,(!ĹŠ#-ĹŠ#+ĹŠ!(-#ĔŊ 2~ĹŠ !.,.ĹŠ2#!4#+ 2ĹŠ"#ĹŠÄƒ+,#2ĔŊ2#ĹŠ' 1;-ĹŠ5#1ĹŠ #23#ĹŠ5#1 -.ēŊ
bWi ĂˆlWYWi Ă“WYWiÉ [ij|d feh j[hc_# ^WY[ ZƒYWZWi" Wf[bÂŒ W bei ikf[h# dWh$ ;ije ZW f_[ W Z[Y_h gk[ [b l[# ^ƒhe[i Z[b YÂŒc_Y fWhW WZWfjWhbei W bW ]hWd fWdjWbbW o ^WY[h `k]eiWi hWde oW bb[]ÂŒ >ebbomeeZ o jhWi ikcWi Z[ Z_d[he" Wfhel[Y^|dZe# kdei fh_c[hei c[i[i Z[ Ă“e`Wi i[ Z[ ik fefkbWh_ZWZ$ FheZkY# h[YWkZWY_ed[i" bW c[YW Z[b Y_d[ Y_ed[i XWiWZWi [d f[hiedW`[i i[ fh[fWhW fWhW ^WY[h YW`W o XWj_h Z[ YWiWi [Z_jehWi Yece hƒYehZi [d jWgk_bbWi Yed :9" CWhl[b" ?cW][" :Wha Zei WhcWi _d\Wb_Xb[i0 bWi ^_ijeh_Wi Z[ ikf[h^ƒhe[i >ehi[" Jef 9em" [djh[
ejhWi" ^Wd [djhWZe [d [ij[ ĹŠ ÂĄ o bWi i[Yk[bWi Z[ ƒn_jei ckdZe o c|i ^Wd i_Ze bei (-%1#2 1.-ĹŠ ĹŠ fWiWZei" gk[ fhec[j[d .++86.."ĹŠ#-ĹŠ#+ĹŠ be]hei jWgk_bb[hei gk[ bei 5#1 -.ĹŠ"#ĹŠÄ‰Ä‡ÄˆÄ‡Ä“ Y_\hWi WijhedÂŒc_YWi$ 9ed ĂˆJ^ehÉ" f[hiedW`[ \hWYWiei$ Z[ bW c_jebe]‡W dehcWdZW >WY[ ckY^e j_[cfe o kde Z[ bei ikf[h^ƒhe[i ^_Y_cei kdW dejW [d [ijW ĹŠ Z[ CWhl[b" i[ ^W Yec[d# c_icW f|]_dW ieXh[ [ij[ j[cW" f[he fWhW [ijW eYW# pWZe bW Ăˆj[cfehWZW WbjWÉ$ i_ÂŒd bei fhÂŒn_cei [ijh[dei ÄĽ 23ĹŠ$(5#ČĔŊ!.-ĹŠ đĊĔÄ?ĹŠ,(++.-#2ĹŠ"#ĹŠ ;ij[ [i [b fh_c[he Z[ bei ZedZ[ [ij|d _dc_iYk_Zei "¢+ 1#2ĹŠ#-ĹŠ24ĹŠ ]hWdZ[i f[hiedW`[i Z[b YÂŒc_Y gk[ ^Wh|d WYje Z[ ikf[h^ƒhe[i o f[hiedW# #231#-.ĔŊ8ĹŠ"#ĹŠ ÄĽ '.1ČĔŊ!.-ĹŠÄ?Ä?ĹŠ `[i dWY_Zei [d bW j_djW o [b ,(++.-#2ĹŠ#-ĹŠ24ĹŠ fh[i[dY_W [d bei Y_d[i [d "# 43ĔŊ2.-ĹŠ+ 2ĹŠ fWf[b dei ^Wd cej_lWZe ,;2ĹŠ3 04(++#1 2ĹŠ bWi fhÂŒn_cWi i[cWdWi$ :[ifkƒi i[h| [b jkhde Z[ W ^WY[h kd h[Yk[dje Z[ be "#+ĹŠ  .ĔŊ' 23 ĹŠ#+ĹŠ ,.,#-3.ēŊ ĂˆB_dj[hdW L[hZ[ Ăˆ=h[[d gk[ i[ l_[d[ [d [ij[ l[hW# BWdj[hdÉ" '- Z[ `kd_e " de #gk[ feh Y_[hje# [i Yed# i_Z[hWZe Yece Ăˆj[cfehWZW WbjWÉ Yed HoWd H[odebZi Wb \h[dj[" o Z[ Ăˆ9Wf_j|d 7cƒh_YWÉ Ăˆ9WfjW_d [d >ebbomeeZ$ 7c[h_YW0 J^[ Ă’hij 7l[d][hÉ" (( Z[ `kb_e " gk[ fhefkbiWh| W 9^h_i
.ĹŠ04#ĹŠ2#ĹŠ5(#-# De YWX[ ZkZW gk[ ĂˆJ^ehÉ" Yed iki ;lWdi$ De ^Wo gk[ Z[`Wh Z[ bWZe W bW ,, c_bbed[i Z[ ZÂŒbWh[i [d ik fh_# c[h Ă’d Z[ i[cWdW [d bW YWhj[b[hW f[b‡YkbW ĂˆFh_[ijÉ" gk[ i[ [ijh[dW Z[ ;;$KK$ o 9WdWZ|" ZW [if[hWd# ^eo [d ;;$KK$ o gk[ [d ;ifW‹W pWi W >ebbomeeZ Z[ gk[ bei Z‡Wi Z[ ^Wd j_jkbWZe Yece Ăˆ;b i_YWh_e Z[ ĹŠ ĹŠ Ä› ;b Y_d[" Z[iZ[
ČēĊĎć
ēŊ '.1ĔŊ#+Ŋ"(.2Ŋ-.1, -".ĔŊ++#%¢Ŋ +Ŋ!(-#Ŋ#-! 1- ".Ŋ/.1Ŋ '1(2Ŋ #,26.13'ēŊ
ēŊļ (-3#1- Ŋ #1"#ČŊ2#Ŋ#231#- Ŋ/1.-3.Ŋ8Ŋ 8 -Ŋ #8-.+"2Ŋ2#Ŋ/.-"1;Ŋ#-Ŋ+ Ŋ/(#+Ŋ"#Ŋ +Ŋ .1" -ēŊ
ēŊ /(3;-Ŋ ,_1(! ĔŊ#+Ŋ/1(,#1Ŋ #-% ".1Ŋ#23 1;Ŋ(-3#1/1#3 ".Ŋ/.1Ŋ '1(2Ŋ 5 -2ēŊ
+#,.2 "#ĹŠ2#!4#+ 2 Ĺ—ĹŠĹŠĹŠ
.1ĹŠ#23 ĹŠ.! 2(¢-ĹŠ8ĹŠ/ 1 ĹŠ1#+ !(.Äą - 1-.2ĹŠ!.-ĹŠ#+ĹŠ3#, ĔŊ' + 1#,.2ĹŠ"#ĹŠ + 2ĹŠ2#!4#+ 2ĹŠ"#ĹŠ_7(3.2ĹŠ!(-#, 3.%1;Äą ă!.2ĔŊ04#ĹŠ5 -ĹŠ ĹŠ!.,/#3(1ĹŠ!.-ĹŠ+.2ĹŠ 24/#1'_1.#2ĹŠ#-ĹŠ#+ĹŠ!(-#ēŊŊ
2ĹŠ2#!4#+ 2ĹŠ2#ĹŠ %.+/ 1;-ĹŠ!.-ĹŠ ă+,#2ĹŠ!.,.ĹŠÄĽ (1 3 2ĹŠ"#+ĹŠ 1( #ĹŠÄŒÄŚĹŠ ĸĉćŊ"#ĹŠ, 8.ĚĔŊļ 4_ĹŠ/ 2¢Ŋ 8#1ŊĉČĔŊ ÄĽ 4-%ĹŠ$4ĹŠ/ -" ŊĉČŊĸ , 2ĹŠ/ 1 ĹŠ#+ĹŠ ĉÄ?ĹŠ"#ĹŠ, 8.ĚĔŊļ 12ĹŠÄ‰ÄŚĹŠÄ¸Ä‰ÄŒĹŠ"#ĹŠ)4-(.ĚĔŊ ÄĽ 1 -2$.1,#12ŊĊČŊĸ/1(,#1.ĹŠ"#ĹŠ)4+(.ĚŊ .ĹŠÄĽ 118ĹŠ .33#1ĹŠ8ĹŠ+ 2ĹŠ1#+(04( 2ĹŠ"#ĹŠ+ ĹŠ ,4#13#ĔŊ/ 13#ĹŠ ÄŚĹŠÄ¸ÄˆÄŽĹŠ"#ĹŠ)4+(.Ěē
:_eiÉ" XWiWZW [d [b YÂŒc_Y Z[b Ye# h[Wde C_d#Mee >okd]" o gk[ [d [b fW‡i _Xƒh_Ye [b Ă’d Z[ i[cWdW Wdj[h_eh de ^W feZ_Ze Yed bW fe# fkbWh_ZWZ Z[ ĂˆJ^ehÉ$ Bei ĂˆckjWdj[iÉ Z[ CWhl[b jWcX_ƒd h[]h[iWd W bW ]hWd fWdjWbbW f[he [ijW l[p Yed kdW fh[Yk[bW0 ĂˆN#C[d0 <_hij YbWiiÉ ) Z[ `kd_e " i_d Z[`Wh Z[ bWZe W bW dk[lW l[hi_ÂŒd Z[b YÂŒc_Y Yh[WZe feh HeX[hj ;$ >emWhZ" Ăˆ9edWd" [b X|hXWheÉ '/ Z[ W]eije " f[h# iedW`[ gk[ Z_e \WcW W 7hdebZ IY^mWhp[d[]][h o gk[ [d [ijW eYWi_ÂŒd i[h| [dYWhdWZe feh @W# ied CeceW$ BWi del[bWi ]h|\_YWi" gk[ feZ[cei Yedi_Z[hWhbWi YÂŒc_Yi" jWcX_ƒd ^Wd j[d_Ze ik WZWfjW# Y_ÂŒd W bW fWdjWbbW ]hWdZ[" Yece [b YWie Z[ Ăˆ9emXeoi WdZ 7b_[diÉ (/ Z[ `kb_e " fhejW]ed_pWZW feh :Wd_[b 9hW_] o >Whh_ied <ehZ$ ;d Ă’d" bei ]hWdZ[i [ijh[dei l[hWd_[]ei Yec[dpWhed W bb[]Wh W bWi iWbWi Z[ ;;$KK$ o Z[b ckd# Ze Z[iZ[ [b fh_c[h Ă’d Z[ i[cWdW Z[ cWoe o i[ cWdj[dZh|d ^WijW bW \[ij_l_ZWZ Z[b ĂˆBWXeh :WoÉ" [b + Z[ i[fj_[cXh[$ O fWhW [djedY[i" jWb l[p i[ fk[ZW ^WXbWh Z[b c[`eh l[hWde [d bW ^_ijeh_W Z[ bW _dZki# jh_W [ijWZekd_Z[di[$ 1 (+#12ĹŠ"#ĹŠ+ 2ĹŠ/#+~!4+ 2ĹŠ"#ĹŠ 24/#1'_1.#2ĹŠ#-Ä– 666Ä“+ '.1 Ä“!.,Ä“#!
ēŊ .2Ŋļ Ĺ #-ČŊ#23;-Ŋ"#Ŋ54#+3 Ŋ!.-Ŋ+ Ŋ/1#!4#+ Ŋļ Ĺ #-ĖŊ (123Ŋ!+ 22ČēŊ
ēŊ 2.-Ŋ .,. Ŋ#-Ŋ#+Ŋ / /#+Ŋ"#Ŋ .- -ē
(#9ĹŠ! -"(" 3 2ĹŠ ĹŠ #(- ĹŠ"#ĹŠ -3.ĹŠ .,(-%.
.-ĹŠ+ ĹŠ!# (" ĹŠ"#ĹŠ!(-3 ĹŠ/.1ĹŠ/ 13#ĹŠ"#ĹŠ242ĹŠ1#/1#2#-3 -3#2ĔŊ2#ĹŠ!4,/+(¢Ŋ 8#1ĹŠ+ ĹŠ/1#2#-3 !(¢-ĹŠ.ă!( +ĹŠ"#ĹŠ+ 2ĹŠÄˆÄ‡ĹŠ! -"(" 3 2ĹŠ ĹŠ #(- ĹŠ"#ĹŠ -3.ĹŠ .,(-%.ĔŊ !3.ĹŠ04#ĹŠ2#ĹŠ1# +(9 ĹŠ!.,.ĹŠ/ 13#ĹŠ"#ĹŠ+ 2ĹŠ!#+# 1 !(.-#2ĹŠ/.1ĹŠ+.2ĹŠÄŒÄŒĹŠ  .2ĹŠ"#ĹŠ! -3.-(9 !(¢-ēŊ ĹŠ#+#!Äą !(¢-ĹŠ2#ĹŠ++#5 1;ĹŠ ĹŠ! .ĹŠ#-ĹŠ#+ĹŠ #-31.ĹŠ"#ĹŠ .-5#-!(.-#2ĹŠ 1ēŊ +$.-2.ĹŠ .11#2ĹŠ 1"¢ #9ĹŠ#+ĹŠÄˆÄ‘ĹŠ"#ĹŠ)4-(.Ä“
2Ŋ 2/(1 -3#2Ŋ2.-ĖŊ 3'#1(-#Ŋ -3.2ĔŊ 1~ Ŋ -(#+ Ŋ 2/(-.2 ĔŊ 1~ Ŋ .2_Ŋ .-9;+#9ĔŊ +(2.-Ŋ .11#2ĔŊ 43'Ŋ 4#5 1 ĔŊ .$~ Ŋ , 1 -.ĔŊ 1~ Ŋ .2_Ŋ #-".9 ĔŊ ( - Ŋ #"# .ĔŊ 1(39 Ŋ ;11 % Ŋ8Ŋ (2#3'Ŋ 43(_11#9ē
7 Ĺ? Ä Ä…Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
Ä Ä
ĹŠ ĹŠĹŠ
##,/+ 9 ĹŠ ĹŠ ' 1+(#ĹŠ '##-ĹŠ
ĹŠ: ŊŊš 7ij^ed h[[cfbWpWh| W 9^Whb_[ [d bW [n_jeiW i[h_[ Z[ Yec[# Z_W ĂˆJme WdZ W ^Wb\ c[dÉ" WdkdY_ÂŒ Wo[h MWhd[h 8hei J[b[l_i_ed$ ;b [ifeie Z[ :[c_ Ceeh[" gk_[d i[ ^WX‡W ceijhWZe h[dk[dj[ W YecfWhj_h bW dej_Y_W" hecf_ÂŒ [b ^_[be [b c_ice Z‡W Z[b WdkdY_e eĂ’Y_Wb c[# Z_Wdj[ kd [njhW‹e WY[hj_`e [d ik Jm_jj[h" [d ZedZ[ ‘d_YWc[dj[ fh[]kdjÂŒ0 ƾ9k|b [i bW hW‡p YkWZhWZW Z[ ,$(+5Ç o Ykoe h[ikbjWZe [i Zei o c[Z_e$ ĹŠ
ĹŠ ĹŠ
.Ŋ04(#1#-Ŋ#-Ŋ+ Ŋ!;1!#+Ŋ } ŊĚŊ Ŋ (2! +~ Ŋ"#Ŋ+ Ŋ! /(3 +Ŋ +#, - Ŋ' Ŋ#,(3(".Ŋ4- Ŋ.1"#-Ŋ"#Ŋ
(-%1#2.Ŋ#-Ŋ/1(2(¢-Ŋ!.-31 Ŋ#+Ŋ1.!*#1.Ŋ 1(3;-(!.ĔŊ/.1Ŋ-.Ŋ1#2/.-"#1Ŋ Ŋ+ 2Ŋ!(3 !(.-#2Ŋ)4"(!( +#2Ŋ04#Ŋ+#Ŋ$4#1.-Ŋ#-5( " 2Ŋ/.1Ŋ!.-"4!(1Ŋ .11 !'.Ŋ8Ŋ"  1Ŋ4-Ŋ 43.,¢5(+Ŋ04#Ŋ#23 Ŋ / 1! ".ēŊ +Ŋ! -3 -3#Ŋ 3(#-#Ŋ '.1 Ŋ4-Ŋ/+ 9.Ŋ"#Ŋ".2Ŋ2#, - 2Ŋ/ 1 Ŋ/1#2#-3 12#Ŋ8ĔŊ#-Ŋ! 2.Ŋ "#Ŋ/#12(23(1Ŋ#-Ŋ-.Ŋ' !#1+.ĔŊ2#Ŋ#,(3(1;Ŋ.1"#-Ŋ"#Ŋ 42! Ŋ8Ŋ! /341 ĔŊ  "(#1.-Ŋ$4#-3#Ŋ"#Ŋ#2 Ŋ"#/#-"#-!( ēŊ Ŋ
ĹŠ ĹŠ
(2$143 ĹŠ"# /+ 8 2ĹŠ 1 2(+#Â 2ĹŠ
} ĹŠ ĹŠ š BW YWdjWdj[ Z[ fef Z_i\hkjÂŒ [b `k[l[i Z[ kd Z‡W Z[ fbWoW [d H‡e Z[ @Wd[_he" ZedZ[ bkY_ÂŒ kd Yegk[je X_a_d_ [d bW l‡if[# hW Z[ ik fh_c[h YedY_[hje [d 8hWi_b [d [b cWhYe Z[ ik ]_hW Ăˆ=ofio >[WhjÉ" gk[ i[ h[Wb_pÂŒ WdeY^[ [d [iW Y_kZWZ$ BW Whj_ijW i[ Z_e j_[cfe" WZ[c|i" fWhW Z_i\hkjWh Z[ lWh_ei i_j_ei jkh‡ij_Yei$
.Ŋ+#Ŋ/ 2 -Ŋ +.2Ŋ  .2 ēŊ 2~Ŋ+4!#Ŋ+ Ŋ! -3 -3#Ŋ!.-Ŋ24Ŋ1#-.5 " Ŋ(, %#-ē
Ŋ! -3 -3#Ŋ5#-#9.+ - Ŋ2#Ŋ/1#2#-3¢Ŋ 8#1Ŋ#-Ŋ 4(3.ēŊ 42Ŋ3#, 2Ŋ!+;2(!.2 $4#1.-Ŋ!.1# ".2ē
(Ŋ-4#5.Ŋ;+ 4,Ŋ /+ -3# Ŋ04#Ŋ#23#Ŋ#2Ŋ#+Ŋ ,#).1Ŋ,.,#-3.Ŋ/ 1 Ŋ #,/#9 1ĔŊ/ 1 Ŋ2#%4(1Ŋ.Ŋ/ 1 Ŋ +#5 -3 12#Ģē
7cWXb[" i[h‡W [b jƒhc_de [nWYje bei .& Yece 7cWdZW C_]k[b o fWhW Z[iYh_X_h bW WYj_jkZ Z[ bW YWd# :_[]e 8[hZW]k[h$ FWkb_dW JWcW# jWdj[ AWh_dW Yed bei c[Z_ei o [b oe \k[ bW h[fh[i[djWdj[ Z[ ;YkW# f‘Xb_Ye [YkWjeh_Wde$ JhWi [b bWd# Zeh [d [ij[ YedY_[hje Z[Z_YWZe W pWc_[dje Z[ ik dk[lW fheZkYY_ÂŒd bWi cWZh[i [YkWjeh_WdWi$ Z_iYe]h|Ă’YW Ăˆ:[ f_[É" [d ik dWjWb Æ;i Xk[de lebl[h W ;YkWZeh" ^WY[ ZƒYWZWi gk[ de l[# L[d[pk[bW" bW _djƒhfh[j[ bb[]ÂŒ W ;YkWZeh [ij[ Ă’d d‡W o oW [njhW‹WXW W c_i Z[ i[cWdW [d fb[de c[i ĹŠ \Wd[iÇ" Z_`e AWh_dW" gk_[d Z[ bWi cWZh[i$ WZ[c|i _dj[hfh[jÂŒ iki ÆDe ^Wo i[Yh[je fWhW +ĹŠ"(2!.ĹŠÄĽ #ĹŠ/(#ÄŚĹŠ Yb|i_Yei Yece0 ĂˆI|blWc[É" cWdj[d[hi[ W jhWlƒi Z[ $4#ĹŠ/1."4!(".ĹŠ Ăˆ7 gk_ƒdÉ" ĂˆIƒ Yece Zk[b[É" bei W‹ei$ ;i Z_\‡Y_b gk[ bei /.1ĹŠ 1!#++.ĹŠ Ăˆ:[iZ[ c_ l[djWdWÉ" ĂˆDkd# 9#5#".ĹŠ8ĹŠ#+ĹŠ/1(Äą Whj_ijWi i[ cWdj[d]Wd i_ ,#1ĹŠ2#-!(++.ĔŊļ (ĹŠ YW j[ ebl_ZWhƒ$$É$ ÆDe \WbjÂŒ /4"(#1 ČĔŊ$4#ĹŠ/1#Äą oW de Yecfed[d j[cWi 2#-3 ".ĹŠ ĹŠ+.2ĹŠ Wb]k_[d gk[ Z_]W feh W^‡ dk[lei" feh [ie b[i jhW_# ,#"(.2ĹŠ+.! +#2ĹŠ ĹŠ gk[ de jeYÂŒ [ijW e Wgk[bbWÇ" + ĹŠ++#% " ĹŠ"#ĹŠ+ ĹŠ WYejÂŒ bW YWdjWdj[ c_[djhWi ]e c_ dk[le |bXkc Ăˆ:[ ! -3 -3#ĹŠ ĹŠ !4 ".1Ä“ iedh[‡W$ f_[ÉÇ" Z_`e AWh_dW$ 9ed dk[le beea" ce# -ĹŠ+.2ĹŠ !34 +#2ĹŠ,.,#-3.2ĹŠ Z[hde o kd jWdje Wjh[l_# Ze" W bW YWdjWdj[ fWh[Y[ gk[ bei AWh_dW" YedeY_ZW jWcX_ƒd Yece W‹ei de b[ fWiWd feh [dY_cW$ BW ĂˆBW Y^_YW Z[ bei pWfWjei Z[ jWYÂŒd l[d[pebWdW i[ fh[i[djÂŒ WdeY^[ WbjeÉ" de ^W f[hZ_Ze ik iedh_iW [d [b 9eb_i[e =[d[hWb Hkc_‹W^k_ gk[ bW ^_pe jWd \WceiW [d bei [i# Gk_je " `kdje W ejhei Yb|i_Yei Z[ Y[dWh_ei o [d [b ckdZe Z[ bW j[#
ĔŊ
ĹŠ ĹŠĹŠ
b[l_i_ÂŒd$ ;d bW WYjkWb_ZWZ ]hWXW Yed YWZ[dWi Yece0 J[b[ckdZe ?dj[hdWY_edWb" Pkl_i_ed JL" :_i# d[o" [djh[ ejhWi$ Ik _dj[hfh[jWY_ÂŒd Z[ CWh‡W CW]ZWb[dW [d bW eXhW cki_YWb Ăˆ@[ikYh_ije I‘f[h ;ijh[bbWÉ ^W bbW# cWZe bW Wj[dY_ÂŒd Z[ bei Yh‡j_Yei" Wkdgk[ [bbW Z_`e0 Æ9ed [ij[ fWf[b de Yh[e ^WX[h ZWZe kd fWie Wb \h[dj[ [d bW WYjkWY_ÂŒd" ^[ ZWZe kde Wb bWZe" oW gk[ [i Wb]e Z_ij_d# je Z[ be gk[ ^WY‡W dehcWbc[dj[ [d bWi j[b[del[bWi$ :[ iki fbWd[i W \kjkhe" WZ[# bWdjÂŒ gk[ Æ[ijeo feh ]hWXWh ĂˆBei cedÂŒbe]ei Z[ bW lW]_dWÉ o c[ i_[dje [ceY_edWZW feh ^WY[hbe" o Wkdgk[ [b decXh[ Z[ bW fhe# ZkYY_ÂŒd fk[ZW WikijWh oe c[ i_[dje YÂŒceZW jhWjWdZe [ijW j[# c|j_YWÇ" YedjÂŒ bW YWdjWdj[$
āĂ
7 ŏ āąŏ ŏ ŏ ŏĂĀāāŏ
ŏ +. Čŏ
4#5.2ũ1#++#-.2 Ė
#3 ++#2
đũ'4#5.2ũ"41.2 Ďććũ%ēũ"#ũ, 8.-#2 ĈŴČũ %ũ"#ũ 3Ì-ũ#-ũ !#(3# ĈŴĉũ+#!'4% ũ/#04#
31.2ũ3(#,/.2 +ũ,#-Ìũ"#ũĊũ3(#,/.2ũ#23;ũ$.1, ".ũ/.1Ė ŗũ -31 " ŗũ + 3.ũ$4#13# ŗũ .231#
¡ ũ
.!(-#ũ+.2ũ'4#5.2ũ' 23 ũ04#ũ#23_-ũ "41.2ēũ #+#ũ8ũ!.13#ũ#-ũ,(3 "#2Ĕũ 2 04#ũ+ 2ũ8#, 2ũ!.-ũ!4(" ".ũ"#ũ-.ũ 1.,/#1ũ+ 2ũ!+ 1 2ēũ .-% ũ+ 2ũ!+ 1 2ũ #-ũ4- ũ$4#-3#ũ !.-ũ4-ũ$.-".ũ "#!.1 3(5.ũ"#ũ +#!'4% ũ31.!# " ũ #-ũ/#04# 2ũ 3(1 2ēũ #9!+#ũ2#(2ũ"#ũ+ 2ũ8#, 2ũ!.-ũ #+ũ 3Ì-ũ (#-ũ#2!411(".ũ"#ũ !#(3#ēũ " ũ, 8.-#2 ũ' 23 ũ$.1, 1ũ4- ũ / 23 ũ!.,/ !3 ũ/#1.ũ$(- ũ8ũ + -" ēũ #++#-#ũ!.-ũ#23 ũ,#9!+ ũ+ 2ũ!4#-! 2ũ "#ũ+ 2ũ!+ 1 2ũ"#ũ'4#5.ēũ 4 1 ũ+ 2ũ ,(3 "#2ũ8 ũ1#++#- 2ũ!.-ũ4- ũ24 5#ũ ! / ũ"#ũ, 8.-#2 ēũ #!.1#ũ/.1ũ #-!(, ũ!.-ũ+ 2ũ8#, 2ũ1#23 -3#2ũ 31(341 " 2ũ8ũ#2/.+5.1# " 2ēũ #)#ũ #-$1( 1ũ#-ũ#+ũ$1(%.1~$(!.ũ4-.2ũĉćũ ,(-43.2ũ -3#2ũ"#ũ2#15(1ē
+ũ,#-Ìũ"#ũČũ3(#,/.2ũ#23;ũ$.1, ".ũ/.1Ė ŗũ .3 - ŗũ -31 " ŗũ + 3.ũ$4#13# ŗũ .231# +ũ,#-Ìũ"#ũĎũ3(#,/.2ũ#23;ũ$.1, ".ũ/.1Ė ŗũ .3 - ŗũ -31 " ŗũ + 3.ũ$4#13# ŗũ 4 1-(!(¢ŗũ .231#
.,/.-#-3#2ũ/ 1 ũ 4- ũ!.,(" ũ!.,/+#3 ũ ēũ +ũ,#-Ìũ"#ũ!(-!.ũ3(#,/.2ũ#2ũ#+ũ,;2ũ!.,Ì-ũ#-ũ+ 2ũ!#+# 1 !(.-#2ũ#2/#!( +#2ũ#-ũ#+ũ ~2ē
-ũ+ ũ% 231.-(,~ ũ2#ũ' + ũ"#ũ3(#,ı /.2Ĕũ04#ũ2#ũ1#ă#1#-ũ ũ+.2ũ"($#1#-3#2ũ /+ 3(++.2ũ04#ũ!.-$.1, -ũ#+ũ,#-Ìēũũ
# /24'5# .Ï%64+%# ')+10#. 146' T TX %1/70+%# #. 2Ý$.+%1 '0 )'0'4#. 37' .# 706# &' #,#5 ; '/#6'5 &' .# /24'5# 4'51.8+Ø ..#/#4 214 5')70&# ; Ý.6+/# 1%#5+Ø0 '. 4'/#6' &' .15 5+)7+'06'5 )47215U ETg j k HJTLNEXNK +.1)4#/15 &' 4'5615 &' /#6'4+#.'5 1$51.'615 &+('4'06' 6+21 j%*#6#44# &' #.7/+0+1X *+'441 ; %1$4'kT 14 70 8#.14 $#5' &' PT FJTFHKXKI 2#4# '56' Ó6'/ .15 +06'4'5#&15 &'$'4É0 24'5'06#4 .+%'0%+#5 #/$+'06#.'5 4'52'%6+8#5T FTg º º .#%#
#4%#
Ö1 .#5'
10'. +.+0&41 1.14
56#&1
T
E F G H
H H H F H H
I G MF MJ
NXKI NXKI E F
')7.#4 ')7.#4 ')7.#4 ')7.#4
EFTKINXNN EETFINXNN HTLKIXNN HTLKIXNN
gJLJ gGMM gGJF gMKI
HTFNN GTFNN FTGNN FTNNN
15 +06'4'5#&15 '0 '. 4'/#6' &' %7#.37+'4 &' .15 )47215 &'$'4É0 24'5'06#4 575 24127'56#5 '0 51$4' %'44#&1 '0 .# '%4'6#4Ó# '0'4#. &' /'.0146'X 7$+%#&1 '0 .# %#..' 144'41 LKG ; %*+%# #48É'< &' .# %+7&#& &' $#44#X *#56# .#5 EEUNN &'. &Ó# .70'5 FG &' /#;1 &' FNEET . 4'/#6' &' .# X 5' 4'#.+<#4É # .#5 EEUGN &'. /+5/1 &Ó# .70'5X '0 .# 5#.# &' 5'5+10'5T . 4'/#6' &' .15 º X 5' 4'#.+<#4É # .#5 EFUGN &'. /+5/1 &Ó# .70'5X '0 .# 5#.# &' 5'5+10'5 .15 $+'0'5 1('46#&15X 5' &'$'4É #&,706#4 %1/1 )#4#06Ó# '. EN &'. 8#.14 24127'561 '0 %*'37' %'46+(+%#&1 # 01/$4' &' T TX .# 1('46# &'$'4É %7$4+4 214 .1 /'015 '. 8#.14 (+,#&1 %1/1 $#5' &'. 4'/#6'T # 706# &' #,#5 ; '/#6'5 5' 4'70+4É # .# *14# 5'Ö#.#&# '0 .# 5#.# &' 5'5+10'5 &' .# /24'5#X ; 241%'&'4É # #$4+4 .15 51$4'5 '0 24'5'0%+# &' .15 +06'4'5#&15 1 575 &'.')#&15X 2#4# %#.+(+%#4 .#5 1('46#5 ; #&,7&+%#4 '. $+'0 #. /',14 215614T 16#U . 8#.14 &'. #8#.7Ø ;# +0%.7;' '. T . 2#)1 &'. '/#6' '5 #. %106#&1 ; &'$'4É %#0%'.#45' &'0641 &' 8'+06' ; %7#641 jFHk *14#5 5+)7+'06'5 #. 4'/#6'X .# '064')# &' .15 $+'0'5 5'4É +0/'&+#6# # .# 24'5'06#%+Ø0 &'. %1/241$#06' &' +0)4'51 1614)#&1 214 T 0 %#51 &' 37' '. #&,7&+%#&1 01 4'#.+%' '. 2#)1 5' '('%6+8+<#4É .# )#4#06Ó# ; 5' #&,7&+%#4É # .# 5+)7+'06' /',14 1('46#T 15 8#.14'5 %105+)0#&15 &' .15 +06'4'5#&15 37' 01 4'57.6#4' $'0'(+%+#&15 '0 .# #&,7&+%#%+Ø0X .'5 5'4É0 &'87'.615 &'527Ï5 37' '. #&,7&+%#6#4+1 *7$+'4# '('%67#&1 '. 2#)1 4'52'%6+81T /'.0146' 5' 4'5'48# '. &'4'%*1 &' &',#4 5+0 '('%61 '. 4'/#6'X '0 %#51 &' %108'0+4 # 575 +06'4'5'5X 5+0 37' '561 &' .7)#4 # 4'%.#/1 #.)701 &' .15 +06'4'5#&15T 15 $+'0'5 # 4'/#6#45' 5' '0%7'064#0 '0 ':*+$+%+Ø0 '0 .#5 +056#.#%+10'5 &' .# 1&')# '0'4#. &' /'.0146' $#44#X 7$+%#&# '0 .# %#..' EG &' #$4+. 1T ELKH ; 8T Ó%614 #07'. 7</É0X
T T
KdW Y_jW" kd cWjh_ced_e" kdW i[djWY_ d de i[W WXkhh_ZW W bW fh_c[hW Yeckd_ d" kdW h[k# l_ijW" f[he gk[ W bW l[p i[ l[W d_ d \Wc_b_Wh" [djh[ ejhei [l[d# Wf[j[Y_Xb[$ 7Z[c|i" bW j[njkhW" jei" Wc[h_jWd gk[ [b XWdgk[j[ W iWXeh" YeYY_ d o kdW j[cf[hW# i[hl_hi[ i[W Yecfb[je$ jkhW WZ[YkWZW ied [b[c[djei ;d [ij[ Yedj[nje" bW Yec_ZW YbWl[i$ ]ekhc[j Z[Òd[ W YWZW :[djhe Z[ [ijei [ij|d" [b[c[dje Z[ kdW Yec_# ũ feh [`[cfbe" bWi Y^kb[# ZW feh j_[cfei$ jWi Z[ Y[hZe [d iWbiW Z[ f_ W" febbe Wb l_de" fWle -ũ! " ũ -04#ı h[bb[de" Òb[j[ Z[ f[iYWZe 1(,#1ũ (#,/. 3#ũ2#ũ43(+(9 -ũ+.2ũ ;i bW [djhWZW Z[b c[d $ "($#1#-3#2ũ3(#,ı o c|i$ 9ec dc[dj[ i[ i_hl[ /.2ũ"#ũ !4#1".ũ ũ ! " ũ.! 2(¢-ēũ kd cekii[" kdW iefW e #1!#1ũ3(#,/. kdW [diWbWZW$ ;i [b jegk[ \_dWb fWhW H[Yk[hZ[" bWi YWhjWi Ykb_dWh_Wi Yecfb[c[djWh [b c[d $ I[ jhW# Z[ bei i[hl_Y_ei Z[ XWdgk[j[i [i# jW Z[b Z[b_Y_eie feijh[" gk[ feh j|d Z_i[ WZWi Z[ cWd[hW gk[ je# be ][d[hWb i[ XkiYW ZWh Zei Z[ [ijei" f[he Z[ Z_ij_dje j_fe$ ;d# Zei bei j_[cfei YecX_d[d$ jedY[i" [d ik c[iW fk[Z[ [ijWh kd fkZ d Z[ b[Y^[" kd pWfWbbe #%4-".ũ3(#,/. 7gk [djhW [b fbWje \k[hj[$ 9ed Yed dk[Y[i" iehX[j[ Z[ cWd]e" [ij[" bei XWdgk[j[hei i[ bkY[d$ fWij[b Z[ Y^eYebWj[" ]Wbb[jWi h[# O [i gk[ i[ XkiYW gk[ bW fh[# bb[dWi" ^[bWZei$$$ ¡ ēũ ũ#-31 " ũ"# #ũ 2#1ũ+(%#1 ēũ 4ũ. )#3(5.ũ"# #ũ2#1ũ 1(1ũ#+ũ /#3(3.ũ"#ũ+ 2ũ/#12.- 2ē
1#/ 1#ĹŠ4- ĹŠ /(99 ĹŠ#-ĹŠ! 2 ĹŠ
7 Ĺ? Ä Ä…Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ĺ?
Ĺ? +. ÄŒĹ?
Ä Äƒ
23#"Ŋ/4#"#Ŋ/1#/ 1 1Ŋ#23#Ŋļ/+ 3(++.ČŊ#-Ŋ#+Ŋ '.% 1Ŋ8Ŋ2 3(2$ !#1Ŋ' 23 Ŋ+.2Ŋ /#3(3.2Ŋ,;2Ŋ #7(%#-3#2ēŊ
(23.1( Ĺ—ĹŠĹŠ +%4-.2ĹŠ2(3ĂŒ -ĹŠ24ĹŠ.1(%#-ĹŠ#-ĹŠ #+ĹŠ -3(%4.ĹŠ %(/3.ĔŊ!4 -".ĹŠ+.2ĹŠ
$ 1 .-#2ĹŠ!.-24,~ -ĹŠ, 2 2ĹŠ"#ĹŠ / -ĹŠ$#1,#-3 ".ĹŠ "#1#9 ".ĹŠ!.-ĹŠ "(5#12 2ĹŠ'(#1 2ĹŠ 1.,;3(! 2ēŊ -ĹŠ 1#!( ĹŠ8ĹŠ ., ĹŠ3 , (_-ĹŠ$4#ĹŠ /./4+ 1ēŊ #ĹŠ +( Ŋ!.-ĹŠ !#(3#ĔŊ 5(- %1#ĔŊ!# .++ ĹŠ8ĹŠ ).Ä“ #1~ ĹŠ#-ĹŠ+ ĹŠ #-~-24+ ĹŠ (3 +( - ĹŠ".-"#ĹŠ3., 1~ ĹŠ+ ĹŠ$.1, ĹŠ "#ă-(3(5 Ä–ĹŠ2#ĹŠ(-31."4).ĹŠ#+ĹŠ04#2.ĹŠ ,.9 1#++ ĔŊ#+ .1 ".ĹŠ!.-ĹŠ+#!'#ĹŠ "#ĹŠ ĂŒ$ + ēŊ 23#ĹŠ/ ~2ĹŠ,#"(3#Äą 11;-#.ĹŠ+.ĹŠ(-!+48#ĹŠ!.,.ĹŠ4-.ĹŠ"#ĹŠ 242ĹŠ/+ 3.2ĹŠ,;2ĹŠ(-3#1- !(.- +#2ēŊ .23#1(.1,#-3#ĔŊ++#%¢Ŋ ĹŠ 41./ ĔŊ "#2"#ĹŠ#+ĹŠ.31.ĹŠ+ ".ĹŠ"#+ĹŠ 3+;-3(!.ĔŊ #+ĹŠ3., 3#ĔŊ.31.ĹŠ(-%1#"(#-3#ĹŠ (,/1#2!(-"( +#Ä“
Ŋ/(99 Ŋ, 1% 1(3 ĔŊ!.,Ĺ /4#23 Ŋ/.1Ŋ3., 3#ĔŊ !#(3#Ŋ"#Ŋ .+(5 ĔŊ + ' ! Ŋ8Ŋ,.9 1#++ ĔŊ2#Ŋ ("#¢Ŋ/.!.Ŋ"#2/4_2Ŋ8Ŋ#2Ŋ'.8Ŋ + Ŋ 2#Ŋ/ 1 Ŋ/1#/ 1 1Ŋ+ 2Ŋ,;2Ŋ !.,/+#) 2Ŋ!., (- !(.-#2ē
ē ŊŊěŊBWi ^WcXkh#
]k[iWi o bei Ăˆf[hh_jei YWb_[dj[iÉ ied fWhj[ Z[ bW Yec_ZW h|f_ZW oW jWd ^WX_jkWb [d bW Z_[jW Z[b ckdZe ceZ[hde$ BW f_ppW" fbWje XWdZ[hW Z[ dkc[heiei [ijWXb[Y_c_[djei" jWcX_ƒd ^W fWiWZe W \ehcWh fWhj[ Z[ [ijW ]Wijhedec‡W$ 9edi_ij[ [d kdW cWiW Z[ fWd fbWdW o Ă’dW" ^WX_jkWbc[dj[ h[# ZedZW" YkX_[hjW Z[ Z_\[h[dj[i _d]h[Z_[dj[i o ^ehd[WZW$ Iki fehY_ed[i ied kdW Z[b_Y_W Yece j[dj[cf_ƒ Wkdgk[" Z[iZ[ bk[]e" de i[ bW [nYbko[ Z[ Yec_# ZWi o Y[dWi$ O W f[iWh Z[ gk[ [ijei fbWjei ied [j_gk[jWZei Yece f[h`kZ_# Y_Wb[i fWhW bW iWbkZ" i_ i[ bei fh[# fWhW [d YWiW #Yed _d]h[Z_[dj[i dWjkhWb[i# de [i d[Y[iWh_e [b_# c_dWhbei Z[ bW Z_[jW$ #%ĂŒ-ĹŠ24ĹŠ/1#$#1#-!(
Bei Yecfed[dj[i X|i_Yei fWhW fh[fWhWh kdW f_ppW f[hiedWb_pW# ZW ied [b `WcŒd YeY_Ze" [b Wj‘d" bWi WdY^eWi" bei Y^Wcf_‹ed[i o jeZe j_fe Z[ gk[iei$ JWcX_ƒd i[ kj_b_pW Z[ \ehcW ^WX_jkWb f_‹W" f[ff[# hed_" f_c_[djei" Y[XebbW" X[_Yed" WbYWfWhhWi e ]k_dZ_bbWi o W`e$ ;i# jei ‘bj_cei Yecfed[dj[i ZWd kd jegk[ f_YWdj[ _d_]kWbWXb[$ 7i_c_ice" bWi iWbiWi ^Wd _Ze lWh_WdZe1 Wkdgk[ bW Z[ jecWj[ de f_[hZ[ [b b_Z[hWp]e" YecfWhj[ fhejW]ed_ice Yed bW XWhXWYeW o bW YWhXedWhW$ :[ [ijW cWd[hW" [b Wfehj[ YW# bŒh_Ye" Wb _]kWb gk[ bWi fhef_[ZW#
.1#2
(99 ĹŠ#-ĹŠ24ĹŠ'.% 1 Ä–ĹŠ
ĊććŊ%1 ,.2ĹŠ"#ĹŠ' 1(- Ä“ -ĹŠ!4 13.ĹŠ"#ĹŠ5 2.ĹŠ"#ĹŠ+#5 Äą "41 Ä“ .2ĹŠ!4!' 1 " 2ĹŠ"#ĹŠ !#(3#ēŊ #"(.ĹŠ5 2.ĹŠ"#ĹŠ %4 ĹŠ3#,Äą /+ " Ä“ - ĹŠ/(9! ĹŠ"#ĹŠ2 +Ä“ - ĹŠ/(9! ĹŠ"#ĹŠ 9ĂŒ! 1Ä“ ÂĄ
#9!+#ĹŠ+ ĹŠ' 1(- ĹŠ!.-ĹŠ+ ĹŠ2 +ĔŊ#+ĹŠ 9ĂŒ! 1ĹŠ8ĹŠ#+ĹŠ !#(3#ēŊ #2' % ĹŠ+ ĹŠ +#5 "41 ĹŠ#-ĹŠ#+ĹŠ %4 ĹŠ3#,/+ " ĹŠ 8ĹŠ/¢-% + ĹŠ ĹŠ+ ĹŠ, 2 ĹŠ -3#1(.1ēŊ ., (-#ĹŠ (#-ĹŠ3.".2ĹŠ+.2ĹŠ (-%1#"(#-3#2ĔŊ , 2 -".ēŊ #)#ĹŠ 1#/.2 1ĹŠ+ ĹŠ, 2 ĹŠ/.1ĹŠ,#"( ĹŠ '.1 ĹŠ8ĹŠ+4#%.ĹŠ#23~1#+ ĹŠ!.-ĹŠ 84" ĹŠ"#ĹŠ4-ĹŠ1."(++.Ä“ .-% ĹŠ#+ĹŠ!.-3#-(".ĹŠ#-ĹŠ4- ĹŠ -"#) ĹŠ/ 1 ĹŠ'.1-.ĹŠ8ĹŠ  " ĹŠ +.2ĹŠ(-%1#"(#-3#2ĹŠ04#ĹŠ,;2ĹŠ+#ĹŠ %423#-ēŊ .1ĹŠĂŒ+3(,.ĔŊ'.1-##ĹŠ4- ĹŠ ,#"( ĹŠ'.1 ĹŠ ĹŠ4-.2ĹŠÄˆÄ‘Ä‡ĹŠ%1 ".2ĹŠ !#-3~%1 ".2ēŊŊ
-Ŋ+ Ŋ5 1(#" "Ŋ#23;Ŋ#+Ŋ%423. Ŋ /.+(3 - ĖŊ3., 3#ĔŊ,.9 1#++ ĔŊ ).ĔŊ ŗ -!'. 2Ŋ8Ŋ!# .++ ēŊ
ŗ +Ŋ ., - ĖŊ3., 3#ĔŊ,.9 1#++ ĔŊ -!'. 2Ŋ8Ŋ ' ! ē Ŋ 4 31.Ŋ#23 !(.-#2ĖŊ3., 3#ĔŊ,.9 1#++ ĔŊ ŗ!' ,/( .-#2ĔŊ +! !'.$ 2ĔŊ) ,¢-Ŋ!.!(".ĔŊ !#(34- 2Ŋ8Ŋ + ' ! ēŊ
Ŋ 4 31.Ŋ04#2.2ĖŊ3., 3#ĔŊ,.9 1#++ Ŋ8Ŋ ŗ5 1(.2Ŋ3(/.2Ŋ"#Ŋ04#2.ēŊ Ŋ 6 ( - ĖŊ3., 3#ĔŊ,.9 1#++ ĔŊ) ,¢-Ŋ ŗ!.!(".Ŋ8Ŋ/( ēŊ Ŋ 1.2!(433.ĖŊ3., 3#ĔŊ,.9 1#++ ĔŊ) ,¢-Ŋ ŗ!.!(".Ŋ8Ŋ04#2.Ŋ/ 1,#2 -.ēŊ Ŋ /1(!!(.2 ĖŊ3., 3#ĔŊ,.9 1#++ ĔŊ) ,¢-Ŋ ŗ!.!(".ĔŊ!' ,/( .-#2Ŋ8Ŋ !#(34- 2ē
ēŊ .2Ŋ#7/#13.2Ŋ 2#%41 -Ŋ04#Ŋ2.+.Ŋ' 8Ŋ31#2Ŋ3(/.2Ŋ 43_-3(!.2ĖŊ, 1% 1(3 ĔŊ2 -Ŋ%#-- 1.Ŋ8Ŋ, 1(-#1 ē
Z[i" i[h| Z_\[h[dj[ [d \kdY_ÂŒd Z[ be gk[ kj_b_Y[$ ;i h[Yec[dZWXb[ kdW c[Z_W Z[ (+& YWbeh‡Wi feh YWZW '&& ]hWcei$ H[Yk[hZ[ gk[ Z[ bWi Z_[jWi Z[ WZ[b]WpWc_[dje i[ ^Wd Z[h_lWZe bWi Ăˆb_]^jiÉ" [bWXehW# ZWi Yed ^Wh_dW _dj[]hWb o [l_jWdZe
h[bb[dW Yed \ehcW Z[ c[Z_W bkdW$ FWhW ^WY[hbW iÂŒbe [i d[Y[iWh_e Ze# ;!(+ĹŠ"#ĹŠ/1#/ 1 1ĹŠ XbWh bW cWiW feh bW c_jWZ" kdW l[p 7Z[c|i Z[ bW jhWZ_Y_edWb cWiW h[# kX_YWZei jeZei bei _d]h[Z_[dj[i" ZedZ[WZW o YkX_[hjW Z[ ikYkb[djei Wdj[i Z[ ^ehd[WhbW$ FWhW gk[ gk[# _d]h[Z_[dj[i" [n_ij[ kdW l[hi_ÂŒd Z[ i[bbWZW" ^kc[Z[pYW bei XehZ[i o Z_\[h[dj[0 [b ĂˆYWbped[É$ ;i kdW f_ppW Y_ƒhh[bei Yece bWi [cfWdWZWi$
bei [b[c[djei c|i ]hWiei$
ÂĄ
ÄŠĹ‹
?% D8I:<CF D<A@8 I% _d\a`X7cX_fiX%Zfd%\Z
)85,$
Ä Ä…
7 Ĺ? Ä Ä…Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ĺ?
Ĺ? +. ÄŒĹ?
20(*$
526752
$67$'2
$/)$
$6,'(52
3/$17ĂŒ*5$'2
21'$
9$6,-$ 3$5$
&$3,7(/
(0$1$&,Ă?1
02/86&2 &20(67,%/(
+(0%5$ '(/
'(675(=$
5(/$7,92 $/ 62/
3/$17$ '( ),%5$ 7(;7,/
/252
6ĂŒ*12 *5$0$7,&$/ 0(7$/ 35(&,262
&(5&$
9$//$'2
&,8'$' '( 9(1(=8(/$ *2/)2 '( &2/20%,$
ĹŠ;b fhe]hWcW YedYkhie Ĺ—ĹŠ c|i Wd_cWZe Z[ bW j[b[l_i_ÂŒd dWY_edWb$ Bkpc_bW D_YebWbZ[" HWi^_Z JWdki o @Wpc_d[ ĂˆBW JkcXWZehWÉ ^WY[d Z[ bWi deY^[i Z[ Ă’d Z[ i[cWdW [b c[`eh fh[j[nje fWhW de iWb_h Z[ YWiW$ Iki oW jhWZ_Y_edWb[i YedYkhiei bei ^Wd bb[lWZe W f[hcWd[Y[h c|i Z[ )& W‹ei [d [b W_h[$ ;b XW_b[ o bW Yede# Y_ZW \Wd\Whh_W Z[ bW ehgk[ijW <WbYed‡ @h$ ied [b Yecfb[c[d# je Z[ [ij[ Z_l[hj_Ze i^em$
&$03e21
*5,(*$
$&(57$5
&+,)/$'2
6ĂŒ0%2/2 '(
6ĂŒ0%2/2 '(/ 62',2
5(=$5
683/,&$5
48( 12 (6 (/ 0,602
&$f(5ĂŒ$ 3$5$ &21'8&,5 $*8$ //$0$0,(172 &2192&$725,$
5$63$5 %2/62 (03/(2
)8( &$1 7$17( $&725 < &20326,725 $5*(17,12
2
7
2
5
$
5
(
$
5
7
$&&,Ă?1
&$'(5$
&219,&7$
5
&219,&7$
,
1
$
)
5$7$ (1
( &(5,2
/$67,0$5
,1*/e6
1 (
68&(62
,175,*$
(16(1$'$
1,f2 '( 3(&+2
3$57( 3267( 5,25 '(/ 3,(
&(7É&(2 0$5, 12 *,*$17(
/
(
0
$
6
$
&
*8$51,&,Ă?1 ',63(56$
5 '$5 (/ 9,(172 (1 81$ &26$ $'0,5$'25
5
3(5$/
812 (1 ,1*/e6
5
/,',$5 72526 (1 /$ 3/$=$ 3$67$ *58(6$ '( 3$3(/
*
1 2
( /
0,6,9$
$
$
,6/$ *5 '(/ 0$5 -Ă?1,&2
2
1
)85,$
,
7
2
5
0(','$ '( /21*,78'
,
&
*$162
$
$
&
5
$
5
'(6*$67( '( /$ 7,(55$ $6(6,1$5
&
)
$
(
1
$
5
0$7$5 5(6(6
5
$
6
&,8'$' '( -$3Ă?1 %(%(5
(
5
$
/
5
,
(
5
683(5),&,(
5
$
&
7,=$
$7250(17$5
*
$
/
$
$
5
$
/
&(/(%5,'$'(6 J8EK@8>F ;< C8 ?FQ (//* $ (0(+ GF<K8 D<O@:8EF%# CC8D8;F <C ĂˆGF<K8 ;< C8 I<MFCL:@äEÉ% JL F9I8 DĂ?J JF9I<J8C@<EK< <J J@E=FEĂ 8 ;< :FD98K<
),6,&$0(17(
',63(562
,19(17$5
2
2 6
,1*/(6$ &8$57$ 127$ 086,&$/
,*8$/'$ (1 /$
&$17$8725$ (63$f2/$ '( 0Ô6,&$ 323
$
(
1
&+83$5
2
$ 352120%5( 3(5621$/
7 +$%,7$&,Ă?1 (1 ,1*/e6
*5,72 7$85,12
&219,&72
$ 7 6$&2 /$5*2 '( /,(1=2 )5872 '( /$ 9,'
2
$ ,
/ 8
6ĂŒ0%2/2 '( $025
5
2
,1+$/$5
(
6ĂŒ0%2/2 '(
6,(55$ '(/ 3$ĂŒ6 9$6&2 0$7$'(52 '( 5(6(6
%
$
/
$
/
$
3(*$ Ă?5*$12 *(1, 7$/ )(0(1,12
2
5
,
&
$
5
2
$&,%$5 +,-2 '( 'e'$/2
2
$
5
$
20(*$
0 $
2
&
$=8)5(
$
&2%$/72
',26 '(/
6
$'(5(=$5 /$ &20,'$ =$5&,//2
1 3$ĂŒ6 6$%5262
3(f$6&2
6
$
5
,
5
3$5$&+248(
7(50,1$&,Ă?1 9(5%$/
2
0
6ĂŒ0%2/2 '( <2'2
%$/Ă?1
,
$/7,92 35(68178262
$
*
(
7
8
352<(&7,/
$
/
2
$
/
3527(&&,Ă?1
7
/,752
62/,7$5,$
$
0 /,(%5( '( /$ 3$7$*21,$ 7267$5
6ĂŒ0%2/2 '(
,
6
(
120%5$5 &,7$5 5(=$5 683/,&$5
,167580(172 '( $7$48( %Ă?9,'2 6$/9$ -( (;7,1*8,'2
&$17$17( 352'8&725 < &20326,725 0(;,&$12
$ 9
5
5
,5,',2
& $17(6 '( &5,672 ',*1,'$' '( 5(<
(
2
6ĂŒ0%2/2 '(
5
(
$
$&725 '( &,1(
$
/
&
1
$1725&+$
)5872 '(/
3
&(59(=$
$
7
'(9$67$5
$
6ĂŒ0%2/2 '(
$57ĂŒ&8/2
$=8)5(
)(0(1,12
+$%,7$&,Ă?1 (1 ,1*/e6
(0%52//2
6$/8'2 ,1',2
6ĂŒ0%2/2 '(
7(50,1$&,Ă?1
1257(
7
(
6ĂŒ0%2/2 '(
2
3
(
',%8-2
(,167(1,2
9(5%$/
: ĹŠ }
#Ŋ !#+#1 Ŋ!.-24,.Ŋ"#Ŋ1#!412.2Ŋ- 341 +#2 ŊěŊ;b ckdZe Yedikc_h‡W jh[i
l[Y[i c|i h[Ykhiei dWjkhWb[i fWhW c[Z_WZei Z[ [ij[ i_]be gk[ [d bW WYjkWb_ZWZ" i[]‘d kd _d\eh# c[ Z[ DWY_ed[i Kd_ZWi$ Bei Wkjeh[i bbWcWd W gk[ [b Yed# ikce Z[ h[Ykhiei i[W ÆZ[iYed[Y# jWZeÇ Z[b Yh[Y_c_[dje [YedÂŒc_Ye o W gk[ bei fheZkYjeh[i ^W]Wd Æc|i Yed c[deiÇ$ ;b Yh[Y_c_[dje Z[ bW feXbWY_ÂŒd o Z[ bW fheif[h_ZWZ ied bei fh_dY_# fWb[i _cfkbieh[i Z[b Yh[Y_c_[dje [d [b kie Z[ h[Ykhiei dWjkhWb[i$ 9^_dW \eje [i kdW Z[ bWi dWY_e#
<2'2
/ 5(%/$ '(
ÄŠĹ‹
ĹŠĹŠ
&8$57$ 92&$/
6ROXFLyQ DQWHULRU 0
ĸ, 19.ĹŠÄ‰ÄˆĹŠÄąĹŠ 1(+ĹŠÄˆÄ’Äš (#-3#ĹŠ"#2#.2ĹŠ"#ĹŠ/1.3#%#1ĹŠ8ĹŠ 84" 1ēŊ -ĹŠ #23#ĹŠ"~ ĹŠ!.-31.+#ĹŠ24ĹŠ3#,/#1 ,#-3.ĹŠ8 ĹŠ 04#ĹŠ242ĹŠ#,.!(.-#2ĹŠ2#1;-ĹŠ,48ĹŠ$4#13#2ēŊ (Äą %(+#ĹŠ24ĹŠ /#3(3.ēŊ Ä–ĹŠ 4_ĹŠ(,/.13 ĹŠ +.ĹŠ04#ĹŠ/4#" -ĹŠ/#-2 1ĹŠ.ĹŠ"#!(1ĹŠ+.2ĹŠ"#,;2ĹŠ "#ĹŠ-.2.31.2Ä“
'8(f$
92/9(5 /2&2
d[i Ykoe h|f_Ze Yh[Y_c_[dje lW Z[ bW cWde Yed [b W]ejWc_[dje Z[ bei h[Ykhiei$ ÆBW ][dj[ Yh[[ gk[ bei ZW‹ei c[Z_eWcX_[djWb[i ied [b fh[Y_e gk[ i[ Z[X[ fW]Wh fWhW [b Z[iW# hhebbe [YedÂŒc_Ye Z[ X_[d[i$ F[he de [i d[Y[iWh_e i[]k_h WYjkWdZe Yece i_ [ijW Z_iokdj_lW \k[hW _d[# l_jWXb[Ç" Z_`e 7Y^_c Ij[_d[h" Z[b Fhe]hWcW Z[ bWi DWY_ed[i Kd_ZWi fWhW [b C[Z_e 7cX_[dj[$ ;b Ye#Wkjeh fh_dY_fWb Z[b [ijkZ_e" CWha Im_bb_d]" Z[ bW Kd_l[hi_# ZWZ Z[ Ij[bb[dXeiY^" IkZ|\h_YW"
ĸ$# 1#1.ŊĉćŊĹŊ, 19.ŊĉćĚŊ 4Ŋ !3(34"Ŋ#2Ŋ./3(,(23 ĔŊ"#2/(#13 Ŋ8Ŋ #2/.-3;-# Ŋ$1#-3#Ŋ +Ŋ"(-#1.Ŋ8Ŋ!¢,.Ŋ+.%1 1Ŋ ,;2Ŋ1#!412.2ēŊ ¢,#+.Ŋ!.-Ŋ31 -04(+(" "ēŊŊŊ ĖŊ 4(#-Ŋ#-!(#-"#Ŋ4- Ŋ+49Ŋ#2Ŋ#+Ŋ /1(,#1.Ŋ#-Ŋ(+4,(- 12#ēŊŊŊŊŊ
ĹŠĹŠ
0$f$1$
'(60(18=$5
6ĂŒ0%2/2 '(
`el[d WXe]WZe o kd ^ecXh[ Z[ d[]eY_ei YecfWhj[d kd WY# Y_Z[dj[ Z[ WkjecŒl_b$ :[ W^‡ [d WZ[bWdj[ [b WpWh fedZh| W l[Y[i W bWi f[hiedWi W fhk[XW" i_ de gk[ i[ be Z_]Wd Wb WXe]W# Ze =Wl_d 8Wd[a o Wb fWZh[ Z[ \Wc_b_W :eob[ =_fied gk_[d[i Z[iYkXh[d YŒce bWi YWikW# b_ZWZ[i ^WY[d gk[ [d Xh[l[i [ifWY_ei Z[ j_[cfe i[ l[Wd _dYWfWY_jWZei fWhW YedjhebWh [b Z[ij_de$
,1*5(62 129(1$ /(75$
&5202
,
ŊBW ^_ijeh_W eYkhh[ kd Z‡W ŗŊ [d Dk[lW Oeha" YkWdZe kd
$9( 3$5(&,'$ $/ 78&É1 325 /$
&8$57$ 92&$/
38(%/2 /,(%5( '( /$ 3$7$*21,$
$
Ä”ĹŠÄˆÄ?ĖĉÄ?
0$'5( '( -(6Ô6
0$0ĂŒ)(52 +,5$&2,'(2
&$//( '( 81
&
4#1 ĹŠ"#ĹŠ!.-31.+
$7$6&$5
0$48(
/8*$5 6ĂŒ0%2/2 '(/ $67$72
Ŋ ĔŊĉĉĖĊć
ĹŠĹŠ
/$%5$5
5(/$7,92 $/
'(2/ 9.2
ĸ#-#1.ŊĉćŊĹŊ$# 1#1.ĹŠÄˆÄ’Äš 8ĹŠ,4!' ĹŠ$4#19 ĹŠ8ĹŠ5(3 +(" "ĹŠ#-ĹŠ+ ĹŠ!.Äą ,4-(! !(¢-ĹŠ!.-ĹŠ+.2ĹŠ'#1, -.2ĔŊ5#!(-.2ĹŠ8ĹŠ ,(%.2ēŊ 4#"#ĹŠ1#!( (1ĹŠ-.3(!( 2ĹŠ"#+ĹŠ#731 -Äą )#1.ēŊŊ Ä–ĹŠ (5 ĹŠ/#-2 -".ĹŠ#-ĹŠ!.2 2ĹŠ 4#- 2ĹŠ8ĹŠ242ĹŠ24# .2ĹŠ2#1;-ĹŠ'#1,.2.2Ä“
+2*$5
&$17$17( $5*(17,1$ 1$&,21$/,=$ 0(;,&$1$
+,-2 '( 12e
# #Ŋ /1#-"#1Ŋ Ŋ#04(+( 1 1Ŋ242Ŋ#,.!(.Ĺ -#2Ŋ8Ŋ/#-2 ,(#-3.2ēŊ 4Ŋ(-34(!(¢-Ŋ#2Ŋ,48Ŋ $4#13#Ŋ8Ŋ#23 Ŋ"# #1;Ŋ#23 1Ŋ !.,/  " Ŋ 2(#,/1#Ŋ"#Ŋ4-Ŋ"(2!#1-(,(#-3.Ŋ "#!4 ".ēŊ 4 -".Ŋ++#%4#Ŋ Ŋ#2#Ŋ#04(+( 1(.Ŋ "ēŊ%.9 1;Ŋ "#Ŋ4- Ŋ/1.$4-" Ŋ/ 9Ŋ(-3#1- ēŊŊ
ĹŠĹŠ
&217$'25
*8,6$5
Ä !(¢Ŋ4-ĹŠ"~ ĹŠ!.,.ĹŠ'.8Ä&#x;
}
5("ĹŠ #-ĹŠ 41(Â˘Ä¸ÄˆÄ‘Ä‘Ä?ÄąÄˆÄ’Ä?ÄŠÄš
ĹŠB‡Z[h i_ed_ijW" i_dZ_YWb_ijW" Ĺ—ĹŠ f[h_eZ_ijW" feb‡j_Ye o [ijWZ_ijW _ihW[b‡ Z[ eh_][d febWYe gk[ kd Z‡W Yece ^eo Z[ '/*. fheYbWcW [d J[b 7l_l [b ;ijWZe Z[ ?ihW[b Wb YedYbk_h [b cWdZWje Xh_j|# d_Ye [d FWb[ij_dW$ 9edZk`e [d '/)) W bW \ki_ÂŒd Z[ bei Z_ij_djei fWhj_Zei feb‡j_Yei Z[ eh_[djW# Y_ÂŒd i_ed_ijW" bW_YW o ieY_Wb_ijW [d [b FWhj_Ze BWXeh_ijW ?ihW[b‡" Z[b gk[ \k[ i[Yh[jWh_e ][d[hWb feh de c[dei Z[ +& W‹ei$ <k[ [b fh_c[h Fh_c[h C_d_ijhe [d bW ^_ijeh_W Z[ ik fW‡i o [iYh_X_ÂŒ" [djh[ ejhWi eXhWi" Ăˆ?ihW[b0 kdW ^_ijeh_W f[hiedWbÉ$
ĸ 1(+ŊĉćŊĹŊ, 8.ŊĉćĚ # ĹŠ1# +(23 ĹŠ#-ĹŠ 24-3.2ĹŠÄƒ- -!(#1.2ēŊ 5(3#ĹŠ !.-$42(.-#2ēŊŊ 1 3#ĹŠ"#ĹŠ1#+ ) 12#ĹŠ8ĹŠ,#"(3#ēŊŊŊŊŊ Ä–ĹŠ 2ĹŠ$;!(+ĹŠ!.-.!#1ĹŠ#+ĹŠ (#-ēŊ .ĹŠ "($~!(+ĹŠ#2ĹŠ31 -2$.1, 1+.ĹŠ#-ĹŠ'#!'.2ēŊ ĹŠ
^ ĹŠ
ĸ, 8.ĹŠÄ‰ÄˆĹŠÄąĹŠ)4-(.ĹŠÄ‰ÄˆÄš 4#-ĹŠ,.,#-3.ĹŠ/ 1 ĹŠ5#-!#1ĹŠ. 23;!4+.2ĹŠ #-ĹŠ 42! ĹŠ"#ĹŠ242ĹŠ24# .2ĹŠ.ĹŠ/1.8#!3.2ēŊ .,/ 13 ĹŠ!.-ĹŠĹŠ ,(%.2ēŊ , (.2ĹŠ#,.!(.Äą - +#2ēŊ Ä–ĹŠ (5 ĹŠ" -".ĹŠ4-ĹŠ#)#,/+.ĹŠ 5(5.ĹŠ"#ĹŠ ,.1ĹŠ#-ĹŠ3." 2ĹŠ242ĹŠ !!(.-#2ēŊ
: ĹŠĹŠ
ĸ)4-(.ŊĉĉŊĹŊ)4+(.ŊĉĉĚ -3#1_2Ŋ#-Ŋ,#).1 1Ŋ+ Ŋ5(" Ŋ/1.$#2(.- +ēŊ 4#- Ŋ1#+ !(¢-Ŋ!.-Ŋ+.2Ŋ/ "1#2ēŊ 4#"#Ŋ1#!(Ĺ (1Ŋ 84" Ŋ#-Ŋ24Ŋ31 ).ēŊ ĖŊ (1#Ŋ 3.".Ŋ!.-Ŋ.).2Ŋ"#Ŋ .-" "Ŋ8Ŋ"#Ŋ +#%1~ ē
ĹŠĹŠ
ĸ)4+(.ŊĉĊŊĹŊ %.23.ŊĉĉĚŊ 4ĹŠ#-#1%~ ĹŠ#23;ĹŠ!#-31 " ĹŠ#-ĹŠ ,/+( 1ĹŠ242ĹŠ '.1(9.-3#2ĔŊ#234"(.2ĹŠ24/#1(.1#2ĔŊ5( )#2ĹŠ.ĹŠ #-!.-31 1ĹŠ-4#5 2ĹŠÄƒ+.2.$~ 2ēŊ (2$143#ĹŠ"#ĹŠ +.ĹŠ04#ĹŠ"#!(" ēŊ Ä–ĹŠ #ĹŠ" ĹŠ#)#,/+.ĹŠ !.-ĹŠ+ ĹŠ!.-"4!3 ĹŠ8ĹŠ+4#%.ĹŠ2#ĹŠ/("#ĹŠ ĹŠ+.2ĹŠ "#,;2ĹŠ! , (.2ēŊŊ
ĹŠĹŠ
ĸ %.23.ŊĉĊŊĹŊ2#/3(#, 1#ŊĉĉĚ
2ĹŠ#7/#1(#-!( 2ĹŠ#,.!(.- +#2ĹŠ2.-ĹŠ (-3#-2 2ĹŠ8ĹŠ/1.$4-" 2ĹŠ#-ĹŠ#23#ĹŠ"~ ĔŊ+#ĹŠ++#- 1;ĹŠ "#ĹŠ5(3 +(" "ēŊ 4#"#ĹŠ3#1,(- 1ĹŠ2(34 !(.-#2ĹŠ 04#ĹŠ8 ĹŠ-.ĹŠ$4-!(.- -ēŊ Ä–ĹŠ 1 3#ĹŠ"#ĹŠ #-3#-"#1ĹŠ+.ĹŠ04#ĹŠ2(%-(ă! ĹŠ2#15(1ĹŠ ĹŠ (.2ēŊ
ĹŠĹŠ
ĸ2#/3(#, 1#ŊĉĊŊĹŊ.!34 1#ŊĉĉĚ 23#Ŋ"~ Ŋ/."1;Ŋ1# +(9 1Ŋ5(2(3 2Ŋ2.!( +#2ēŊ -Ŋ+ 2Ŋ2.!(#" "#2Ŋ8Ŋ#+Ŋ, 31(,.-(.Ŋ' 8Ŋ !.-Ą(!3.Ŋ#,.!(.- +ēŊ 4Ŋ./3(,(2,.Ŋ/4#"#ŊŊ ! , ( 1Ŋ#23.ēŊŊ ĖŊ .Ŋ/#1,(3 Ŋ 04#Ŋ+ Ŋ143(- Ŋ 11 2#Ŋ!.-Ŋ24Ŋ5(" ē
ĹŠĹŠ
ĸ.!34 1#ŊĉĊŊĹŊ-.5(#, 1#ĹŠÄ‰ÄˆÄšĹŠ .9 1;ĹŠ"#ĹŠ2 +4"ĹŠ8ĹŠ5(3 +(" "ĹŠ'.8ēŊ (#-3#ĹŠ "#2#.2ĹŠ"#ĹŠ 84" 1ĹŠ ĹŠ+.2ĹŠ"#,;2Ä—ĹŠ+.ĹŠ/4#"#ĹŠ ' !#1ĹŠ!.-ĹŠ+ 2ĹŠ/#12.- 2ĹŠ"#ĹŠ24ĹŠ31 ).Ä“ Ä–ĹŠ (2(3#ĹŠ ĹŠ+.2ĹŠ/. 1#2ĹŠ8ĹŠ+.2ĹŠ #-$#1,.2ēŊ
ĹŠĹŠ
ĸ-.5(#, 1#ŊĉĉŊĹŊ"(!(#, 1#ĹŠÄ‰ÄˆÄšĹŠ .-31.+#ĹŠ242ĹŠ"#2#.2ĹŠ"#ĹŠ".,(- 1ĹŠ ĹŠ242ĹŠ '().2ĔŊ2# ĹŠ,;2ĹŠ!.,4-(! 3(5.ĹŠ8ĹŠ"_+#2ĹŠ ,.1ēŊ 4ĹŠ! / !(" "ĹŠ!1# 3(5 ĹŠ#2ĹŠ,48ĹŠ$4#13#ĔŊ ĂŒ2#+ ēŊŊ Ä–ĹŠ .ĹŠ!.-5(#13 ĹŠ242ĹŠ .1 !(.-#2ĹŠ#-ĹŠ4- ĹŠ/#3(!(¢-ĹŠ(-2(23#-3#ēŊ
[nfb_YÂŒ gk[ [b Yh[Y_c_[dje Z[ bW feXbWY_ÂŒd jWcX_ƒd Z[i[cf[‹Wh| kd fWf[b [d [b Wkc[dje fh[l_ije$ ÆBWi feXbWY_ed[i Z[b ckdZe Z[iW# hhebbWZe ied [ijWXb[i o Wb]kdei _dYbkie [ij|d YWo[dZe" feh be gk[ [b l[hZWZ[he h[je $$$ [ij| [d [b ckdZe [d Z[iWhhebbeÇ$
ĹŠĹŠ
ĸ"(!(#, 1#ŊĉĉŊĹŊ#-#1.ĹŠÄˆÄ’Äš 42ĹŠ#,.!(.-#2ĹŠ8ĹŠ2#-2 !(.-#2ĹŠ#23;-ĹŠ "(1(%(" 2ĹŠ ĹŠ24ĹŠ'.% 1ĹŠ8ĹŠ24ĹŠ$ ,(+( ēŊŊ 4!' ĹŠ !3(5(" "ĹŠ!.-ĹŠ242ĹŠ/ "1#2ēŊ 4204#ĹŠ#23 (Äą +(" "ĹŠ#-ĹŠ24ĹŠ! 2 ēŊ Ä–ĹŠ ĹŠ.1 !(¢-ĹŠ #2ĹŠ#+ĹŠ,#).1ĹŠ,.,#-3.ĹŠ/ 1 ĹŠ"#,.231 1ĹŠ -4#231.ĹŠ ,.1ēŊ
Ä Ä†
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
7 Ĺ?Ä Ä…Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ĺ?
Ĺ? +. Ĺ?
" +ĖŊļ ).*.5(!Ŋ #2Ŋ$ 5.1(3.Ŋ#-Ŋ ! " Ŋ/ 13(".Č ĔŊ ŊěŊ ;b d‘c[he kde Z[b
ckdZe" [b [ifW‹eb HW\W[b DW# ZWb" Wi[]khÂŒ Wo[h gk[ WYjkWb# c[dj[ [b i[hX_e DelWa :`e# ael_Y [i Ăˆ\Wleh_jeÉ [d jeZei bei fWhj_Zei" f[he gk[ ƒb de i[ Y[d# jhW [d [ie o gk[ be gk[ b[ _dj[h[# iW [i c[`ehWh Z‡W W Z‡W$ Æ :`eael_Y [ij| `k]WdZe cko X_[d o gk_p| [d [ij[ ce# c[dje [i [b \Wleh_je [d jeZei bei fWhj_Zei [ij[ W‹e" f[he oe [ijeo Wgk‡ fWhW bkY^Wh o fWhW jhWjWh Z[ c[`ehWh c_ d_l[b YWZW Z‡WÇ" Z_`e [b j[d_ijW Z[ CWdWYeh$ DWZWb h[ifedZ_ÂŒ Wi‡ W bW fh[# ]kdjW ieXh[ YÂŒce W\hedjW kdW [l[djkWb Ă’dWb [d HecW [djh[ WcXei" [d bW hk[ZW Z[ fh[diW feij[h_eh W ik [dYk[djhe Yed [b YheWjW CWh_d 9_b_Y () " [d [b gk[ Y[hj_Ă’YÂŒ ik fWi[ W i[c_Ă’# dWb[i [d [b jehd[e hecWde Wb _cfed[hi[ feh ,#' o ,#)$
#2/4_2ĹŠ "#ĹŠÄŠÄ?ĹŠ Â .2
¥ ēŊ 2Ŋ 43.1(" "#2Ŋ"#+Ŋ"#/.13#Ŋ#-Ŋ+ Ŋ/1.,.!(¢-Ŋ"#+Ŋ#5#-3.ē
ĹŠ ĹŠ
ēŊ " +ĹŠ2#ĹŠ, -3(#-#ĹŠ !.,.ĹŠ#+ĹŠ-ĂŒ,#1.ĹŠ4-.ĹŠ"#ĹŠ+ ĹŠ ēŊ
KdW l_Yjeh_W Yed bW gk[ [b j[d_ijW [ifW‹eb i[ Wi[]khÂŒ kdW i[cWdW c|i" ^WijW HebWdZ =Whhei" [b d‘c[he kde Z[b j[d_i ckdZ_Wb" _dZ[f[dZ_[d# j[c[dj[ Z[b h[]_ijhe gk[ Ă’hc[ [b i[hX_e$
4(3.ĹŠ !.%#1;ĹŠ"#+ŊĉĉŊ +ŊĉÄ?ĹŠ"#ĹŠ , 8.ĹŠ+.2ĹŠ ĹŠ 4#%.2ĹŠ !(.- Äą +#2ĹŠ 2.+43.2Ä“
Kd jejWb Z[ '+ [iY[dWh_ei Z[# BW cWoeh‡W Z[ Z[fehj_ijWi gk[ fWhj_Y_fWh|d [d bei ?? @k[]ei DW# fehj_lei Z[ bW YWf_jWb [YkWjeh_WdW Y_edWb[i 7Xiebkjei jeZWl‡W de dW# WYe][h|d W Wbh[Z[Zeh Z[ ($(&& Y_[hed YkWdZe Gk_je \k[ i[Z[ Z[ Z[fehj_ijWi Z[ () fhel_dY_Wi Z[b fW‡i$ [ij[ [l[dje ^WY[ )- W‹ei$ F_Y^_dY^W" ]WdWZeh :[ [bbe ZW Yk[djW IWdZhW ĹŠ L[bW" c_d_ijhW Z[ :[fehj[i" Z[ bei ‘bj_cei jh[i `k[# kdW [nleb[_Xeb_ijW" gk_[d ]ei Yedi[Ykj_lei ?XWhhW Wfhel[Y^ÂŒ [b [l[dje fWhW +ĹŠ(-%1#2.2ĹŠ ĹŠ+.2ĹŠ (&&*" CWYWi (&&. o #2!#- 1(.2ĹŠ ^WY[h kd XWbWdY[ Z[ ik ][i# "#/.13(5.2ĹŠ2#1;ĹŠ CWdjW (&'& " Z[\[dZ[h| %1 34(3.Ä“ [b j‡jkbe [d ik YWiW$ 7Z[# j_ÂŒd [d [b C_d_ij[h_e$ Æ;b eX`[j_le Z[ [ij[ [d# c|i" Wkdgk[ ik[d[ Wd[YZÂŒj_Ye W [ijW WbjkhW" [ijh[# Yk[djhe Z[fehj_le [i ]WhWdj_pWh bW Yedj_dk_ZWZ Z[b fheY[ie Z[ bei dWh| f_iY_dW eb‡cf_YW$ Wjb[jWi gk[ i[ fheo[YjWd W bW WbjW ;b fh[i_Z[dj[ Z[ bW 9edY[d# cW[ijh‡W Z[fehj_lW Wi[]khWdZe jhWY_ÂŒd :[fehj_lW Z[ F_Y^_dY^W" ik fWhj_Y_fWY_ÂŒd [d @k[]ei Z[b 7d‡XWb <k[dj[i" cWd_\[ijÂŒ bW 9_Ybe Eb‡cf_YeÇ" [nfb_YÂŒ L[bW$ Yed]hWjkbWY_ÂŒd Z[ WYe][h [ijW
.1-#.
(2!(/+(- 2
Ĺ—ĹŠ 3+#3(2,. Ĺ—ĹŠ +.-!#23. Ĺ—ĹŠ .7#. Ĺ—ĹŠ (!+(2,. Ĺ—ĹŠ !4 5.+#8Ŋĸ#7'( (!(¢-Äš Ĺ—ĹŠ 2! + " Ĺ—ĹŠ ĂŒ3 .+ĹŠ2 + Ĺ—ĹŠ (,- 2( ĹŠ 13~23(! Ĺ—ĹŠ (,- 2( ĹŠ1~3,(! Ĺ—ĹŠ 4". Ĺ—ĹŠ #2 2 Ĺ—ĹŠ 4!' Ĺ—ĹŠ 3 !(¢ŗŊ #ĹŠ*6.-ĹŠ". Ĺ—ĹŠ #-(2ĹŠ"#ĹŠ,#2 Ĺ—ĹŠ 1( 3+¢ŗŊ .+#( .+Ŋĸ2 + ĹŠ8ĹŠ/+ 8 Äš `kijW Z[fehj_lW gk[ Z[iZ[ (&'& i[ Y[b[XhW YWZW W‹e$
ĉ ć
ĹŠ ĹŠ
ĹŠ
.) 2ĹŠ3(34+ 1ĹŠ#-ĹŠ"#11.3 ĹŠ"#ĹŠ .1#+( ĹŠ
. .ĹŠ .) 2ĹŠ !34¢Ŋ+.2ŊĒćŊ,(-43.2ĹŠ#-ĹŠ+ ĹŠ"#11.3 ĹŠ04#ĹŠ24$1(¢Ŋ#+ĹŠ .1#+( ĹŠ -3#ĹŠ 149ĹŠ 94+ĔŊ+ ĹŠ-.!'#ĹŠ"#+ĹŠ)4#5#2ĔŊ/.1ĹŠ+ 2ĹŠ2#,(ă- +#2ĹŠ"#+ĹŠ3.1-#.ĹŠ "#ĹŠ$ĂŒ3 .+ĹŠ#-ĹŠ _7(!.ēŊ ĹŠ1#5 -!' ĹŠ2#1;ĹŠ#23#ĹŠ".,(-%.ŊĸĉćĖććĚŊ#-ĹŠ+ ĹŠ ! -!' ĹŠ"#ĹŠ+.2ĹŠÄĽ .- 1! 2ÄŚÄ“ ÂĄ ēŊ 1(.2ĹŠ"#/.13(23 2ĹŠÄĽ 1.ĹŠ8ĹŠ 1 - ÄŚĹŠ43(+(9 1;-ĹŠ+.2ĹŠ 4#%.2ĹŠ!.,.ĹŠ#-31#- ,(#-3.ĹŠ/ 1 ĹŠ+.2ĹŠ - ,#1(! -.2ēŊ
+(-# !(.-#2 13(".
Ä Ä‡
7 Ĺ? Ä Ä…Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ĺ?
Ĺ? +. Ĺ?
4#+.ĹŠ"#ĹŠ /#1"#".1#2 ;ifeb_ h[Y_X[ bW l_i_jW Z[ :[# fehj_le Gk_je ^eo W fWhj_h Z[ bWi '+0&& [d [b [ijWZ_e Z[ IWdje :ec_d]e Z[ bei 9ebehWZei$ Bei Zei [gk_fei de fkZ_[hed ikcWh fkdjei bW ‘bj_cW \[Y^W o WZ[c|i j_[d[d `k]WZeh[i _cfehjWdj[i gk[ de feZh|d WYjkWh$ ;d [b ;ifeb_" >ƒYjeh 9WhWXWb‡ de feZh| `k]Wh" oW gk[ iWb_ÂŒ [n# fkbiWZe [b ‘bj_ce Yej[`e o [d ik bk]Wh [ijWh| 7b[n_i B[cei" `el[d Whgk[he gk[ j[dZh| bW efehjkd_# ZWZ Z[ ceijhWh iki YedZ_Y_ed[i$ ;b h[ije Z[b fbWdj[b i[h| [b c_ice gk[ YWoÂŒ [d H_eXWcXW Wdj[ [b Ebc[Ze" oW gk[ IWdj_W]e EijebWpW i[]k_h| Z|dZeb[ bW Yed# Ă’WdpW W iki fkf_bei$ ;b YkWZhe Ăˆ9^kbbWÉ jWcX_ƒd de feZh| YedjWh Yed ?iWWY C_dW" gk_[d iWb_ÂŒ [nfkbiWZe [b ‘bj_ce Yej[`e o [d ik bk]Wh [ijWh| Ă›d][b ;iYeXWh$ F[he bW fh_dY_fWb del[ZWZ [d :[fehj_le Gk_je" \k[ bW bb[]WZW Z[ 9Whbei ?iY^_W Yece dk[le [djh[# dWZeh Z[b fbWdj[b" [d [ij[ Yej[`e [b jƒYd_Ye i[h| @kWd 9Whbei =WhWo$ ?iY^_W j_[d[ fh[l_ije l[h [b fWhj_Ze o iWYWh YedYbki_ed[i fWhW Yec[d# pWh ik jhWXW`e W fWhj_h Z[ cW‹WdW$ BWi efY_ed[i Z[ :[fehj_le Gk_je fWhW j[hc_dWh [d fh_c[h
ēŊ
#,.2Ŋ ēŊ .-3  .Ŋ ē  #3#Ŋ ē ¢,#9Ŋ ē . .Ŋ ē (9! ~-.Ŋ ē 4(++4/ -%4(Ŋ ē ++ 1".Ŋ ē 4 1(-.Ŋ ē 4(-3 - Ŋ ē "(++ Ŋ ē
+(9 % #+ 9!.ĹŠ Ä“ ,/.2ĹŠ Ä“ '#! ĹŠ Ä“ 2!. 1ĹŠ Ä“ 23(++.ĹŠ Ä“ .1 +#2ĹŠ Ä“ 1(3 , ĹŠ Ä“ 4( ¢-#9ĹŠ Ä“ #ĹŠ #2ĂŒ2ĹŠ Ä“ #5 !04 ĹŠ Ä“
ē ēŊ -3( %.Ŋ 23.+ 9
ēŊ ēŊ 4 -Ŋ 1+.2Ŋ 1 8
23 "(.Ä–ĹŠ -3.ĹŠ .,(-%. .1 Ä–ĹŠÄˆÄ‰Ä–Ä‡Ä‡ :1 (31.Ä–ĹŠ +$1#".ĹŠ -31( %. 1 -2,(2(¢-Ä–ĹŠ #+# , 9.- 2
ĹŠ
ēŊ 4 -ĹŠ 1+.2ĹŠ 1 8ĹŠ "(1(%(1;ĹŠ24ĹŠĂŒ+3(,.ĹŠ/ 13(".ĹŠ#-ĹŠ ēŊ 4(3.ēŊ
bk]Wh [d [ijW [jWfW ied YWZW l[p c|i [iYWiWi" f[he bei `k]W# Zeh[i [ij|d c[djWb_pWZei [d Yedi[]k_h bei jh[i fkdjei ^eo o i[]k_h f[b[WdZe ^WijW [b ÒdWb Yed bei b‡Z[h[i Z[b jehd[e$
ĹŠ1# $(1, 1ĹŠ#+ĹŠ 4#-ĹŠ,.,#-3. :[fehj_le 9k[dYW o [b Ebc[Ze `k[]Wd W bWi '-0&& [d [b [ijWZ_e 7b[`WdZhe I[hhWde 7]k_bWh$ BWi l_Yjeh_Wi Z[ bei Zei [gk_fei [d bW ‘bj_cW \[Y^W ^WY[d gk[ i[W kd fWhj_Ze Z[ fhedÂŒij_Ye h[i[h# lWZe o bei Zei fbWdj[b[i bb[]Wd Yed [gk_fe Yecfb[je fWhW [ij[ Yej[`e$ ;b 9k[dYW Z[hhejÂŒ W 8WhY[be# dW [d ik [ijWZ_e o Bk_i Ieb[h Z[# ceijhÂŒ gk[ ik [gk_fe [ij| fWhW f[b[Wh Whh_XW$ ;b gk_dje bk]Wh gk[ eYkfW WYjkWbc[dj[ [i _d# j[h[iWdj[" f[i[ W gk[ de Yk[djW Yed kdW fbWdj_bbW Z[ bk`e$ Dƒijeh 7oWbW" Yed iki ]eb[i" ^W i_Ze kd `k]WZeh \kdZWc[djWb fWhW Ieb[h$ Bei Zei jWdjei Wdj[ [b YkWZhe Ăˆ9WdWh_eÉ Z[ceijhWhed gk[ [b Whj_bb[he [ij| [d hWY^W$ ;b ebc[Ze jWcX_ƒd ]eb[ÂŒ bW i[cWdW fWiWZW$ Ik l‡Yj_cW \k[ [b ;ifeb_ gk[ de fkZe Wdj[ bW [\[Yj_l_ZWZ Z[ @kb_|d C_dW" `el[d Z[bWdj[he gk[ cWhYÂŒ Zei jWdjei$ :hW]Wd C_hWdel_Y j_[d[ fbWd# j[b Yecfb[je fWhW [ij[ Yej[`e o fedZh| W iki c[`eh[i [b[c[djei fWhW ikcWh [d ik l_i_jW W 9k[dYW o i[]k_h [iYWbWdZe fei_Y_ed[i$ ;b Ăˆ9_YbÂŒd Z[ bei 7dZ[iÉ [i de#
.1Ŋ+ 1#!4/#1 !(¢-
ēŊ 4% ".1#2Ŋ"#Ŋ +Ŋ !(.- +Ŋ(-(!( -Ŋ24Ŋ+ .1Ŋ#-Ŋ#+Ŋ .,/+#).Ŋ"#Ŋ +Ŋ 4!#Ŋĸ 4, !.Ě
2!4 "1 2 #5 -!'
ēŊ
1##1ĹŠ Ä“
¢/#9Ŋ ē 231.Ŋ ē
#"#2, Ŋ ē .'¢104#9Ŋ ē .".8Ŋ ē 1 5.Ŋ ē 4#11 Ŋ ē + 1#9.Ŋ ē .5# Ŋ ē 8 + Ŋ ē
;-!'#9ĹŠ Ä“
#"#2, ĹŠ Ä“ (!#".ĹŠ Ä“ .-#ĹŠ Ä“ ;,#9ĹŠ Ä“
#¢-ĹŠ Ä“ 41(++.ĹŠ Ä“ ¢,#9ĹŠ Ä“ ,ĂŒ ĹŠ Ä“ .,#1.ĹŠ Ä“ (- ĹŠ Ä“
ē ēŊ 4(2Ŋ .+#1
ē ēŊ 1 % -Ŋ (1 -.5(!
23 "(.Ä–ĹŠ +#) -"1.ĹŠ #11 -.ĹŠ %4(+ 1 .1 Ä–ĹŠÄˆÄ?Ėćć :1 (31.Ä–ĹŠĹŠ , 1ĹŠ .-!# 1 -2,(2(¢-Ä–ĹŠ !4 5(2
l[de o [ij| feh [b cec[dje W iWble Z[b Z[iY[die" f[he ikcWh Z[ l_i_jWdj[ i[h| \kd# ZWc[djWb fWhW i[]k_h Wb[`W# Ze Z[b iÂŒjWde Z[ bW jWXbW Z[ fei_Y_ed[i$
.2ĹŠÄĽ,(+(3 1#2ÄŚĹŠ5 -ĹŠ31 2ĹŠ+.2ĹŠ 31#2ĹŠ/4-3.2ĹŠ8ĹŠ2#%4(1ĹŠ 2/(1 -Äą ".ĹŠ ĹŠ"(2/43 1ĹŠ+.2ĹŠ/1(,#1.2ĹŠ +4% 1#2ĹŠ"#+ĹŠ3.1-#.Ä“ ;b DWY_edWb [ ?cXWXkhW `k[]Wd ^eo W fWhj_h Z[ bWi '(0&& [d [b [i# jWZ_e Eb‡cf_Ye" bei Zei [gk_fei Wif_hWd W h[jecWh bW i[dZW Z[b jh_kd\e o XkiYWh bei jh[i fkdjei$ BW Z[hhejW Z[b Ă’d Z[ i[cWdW Z[b [gk_fe ĂˆC_b_jWhÉ b[ h[ijÂŒ bW l_WZW Yed bW gk[ l[d‡W o W^ehW j[dZh|d gk[ ]WdWh fWhW gk[ lk[blWd W j[# d[h fei_X_b_ZWZ[i Z[ WY[hYWhi[ W bei fkdj[hei$ ;b Zec_d]e bei ĂˆFkhei 9h_e# bbeiÉ f[hZ_[hed ' W ( Yed B_]W o [i[ Yej[`e Z[`ÂŒ _djhWdgk_b_ZWZ [d bW fkdj[h‡W Z[ bei e\[di_lei$ BW febƒc_YW feh bW `k]WZW Z[ NWl_[h 9^_bW o >[hd|d 8WhYei jWcX_ƒd [ijkle fh[i[dj[ [d JkcXWYe$ F[i[ W bW Z[hhejW" CWh_e IWhW# b[]k_ de j_[d[ fh[l_ije h[Wb_pWh YWcX_e [d [b heb j_jkbWh o ZkhWdj[
bW i[cWdW <bWl_e 9W_Y[Ze" CWh# l_d F_jW o H_YWhZe BÂŒf[p h[Wb_pW# hed jhWXW`ei Z_\[h[dY_WZei" Z[# X_Ze W ceb[ij_Wi \‡i_YWi" f[he [b jƒYd_Ye khk]kWoe YedĂ’hcÂŒ gk[ bei jh[i `k]WZeh[i i_ [ijWh|d [d [ij[ Yej[`e$ 9^_bW jWcX_ƒd [ijWh| [d [b heb j_jkbWh" oW gk[ de h[Y_X_ÂŒ d_d]kdW iWdY_ÂŒd feh fWhj[ Z[ bW ;YkW\‘jXeb$ ;d Ă’bWi Z[b ?cXWXkhW" jeZei Wf[bWd Wb Z[i[cf[‹e gk[ j[d]W <hWdab_d IWbWi" gk_[d ^W i_Ze _cfehjWdj[ fWhW bW h[cedjWZW Z[b YkWZhe Ăˆ=WhZ[d_eÉ$ Iki eY^e ]eb[i ^Wd i_Ze \kdZWc[djWb[i fWhW gk[ [b ?cXWXkhW i[ Wb[`[ Z[ bW pedW Z[ Z[iY[die$ ;Zm_d J[# deh_e lebl[h| Wb heb j_jkbWh [d [b c[Z_eYWcfe Z[b ?cXWXkhW$ Bei '/ fkdjei Z[b ?cXWXkhW
04(/.2ĹŠ
.1, !(.-#2
ĹŠ
1!~ ĹŠ Ä“ "1("ĹŠ Ä“ '(+ ĹŠĹŠ Ä“ 1 9.ĹŠ Ä“
¢/#9Ŋ ē _+#9Ŋ ē (!#".Ŋ ē (3 Ŋ ē 11 Ŋ ē 1#!( ".Ŋ ē - -%.-.Ŋ ē
(5#1.2ĹŠ Ä“ .++#!.ĹŠ Ä“ #1! ".ĹŠ Ä“ 8 2ĹŠ Ä“ .++#!.ĹŠ Ä“ 41 ĹŠ Ä“
4- Ŋ ē #-.1(.Ŋ ē #% Ŋ ē Ŋ 41%.2Ŋ ē + 2Ŋ ēŊ
ē ēŊ 1(.Ŋ 1 +#%4(
ē ēŊ "4 1".Ŋ 1 -"
23 "(.Ä–ĹŠ 3 '4 +/ /2 ÄĄĹ´ÄˆÄ‰Ä–Ä‡Ä‡ĹŠ :1 (31.Ä–ĹŠ -"1.ĹŠ #1 1 -2,(2(¢-Ä–ĹŠ !4 5(2
b[ i_hl[d fWhW [ijWh [d [b del[de bk]Wh o ;ZkWhZe =hWdZW ^W [d# YedjhWZe bW \ÂŒhckbW fWhW iWYWh Wb [gk_fe WZ[bWdj[$
-!'#23#1ĹŠ"#ĹŠ +#-!( ĹŠ/.1ĹŠ#+ĹŠ/4-3.ĹŠ".1 ". ;b CWdY^[ij[h Kd_j[Z [ij| W kd fWie Z[ fheYbWcWhi[ YWc# f[ÂŒd Z[ bW Fh[c_[h B[W]k[$ >eo &,0*+ Z[ ;YkWZeh " YkWdZe [d# \h[dj[ Wb 8bWYaXkhd" fk[Z[ i[h [i[ Z‡W [if[hWZe feh bei Ăˆ:_WXbei He`eiÉ o 7djed_e LWb[dY_W" gk_[d [i WdkdY_WZe Yece j_jkbWh fWhW [ijW `ehdWZW jhWiY[dZ[djWb$ Bei i[_i fkdjei Z[ l[djW`W Z[b CWdY^[ij[h ieXh[ [b 9^[bi[W b[ f[hc_j[d _bki_edWhi[ Yed fhe# YbWcWhi[ YWcf[ÂŒd$ ;Zm_d LWd Z[h IWh" Whgk[he j_jkbWh" feh W]ejWc_[dje \‡i_Ye" i[h| Wki[dY_W$ Ik bk]Wh [ijWh| YkX_[hje feh JecWip AkipYpWa$
;b h[ije Z[b fbWdj[b i[h| [b c_i# ce gk[ ^W l[d_Ze WYjkWdZe [d bei ‘bj_cei Yej[`ei" Yed MWod[ Hee# d[o Yece [b h[\[h[dj[ e\[di_le$ ;b jƒYd_Ye <[h]kied WbWXŒ [b d_l[b gk[ ^Wd j[d_Ze LWb[dY_W o FWha" jhWi h[Ykf[hWhi[ Z[ iki b[# i_ed[i o bei Yedi_Z[hW Yece lW# beh[i \kdZWc[djWb[i fWhW [b Xk[d cec[dje gk[ l_l[ [b [gk_fe$ BW Wb_d[WY_Œd Z[b Kd_j[Z i[h| Yed JecWip AkipYpWa" HW\W[b" H_e <[hZ_dWdZ" D[cWd`W L_Z_Y" FWjh_Y[ ;lhW" @_ Ikd] FWha" 7d# jed_e LWb[dY_W" C_Y^W[b 9Whh_Ya" HoWd =_]]i" MWod[ Heed[o o @Wl_[h >[hd|dZ[p$
ēŊ +#-!( ĹŠ' ĹŠ2(".ĹŠ $4-" ,#-3 +ĹŠ#-ĹŠ+.2ĹŠĂŒ+3(,.2ĹŠ1#24+3 ".2ĹŠ "#+ĹŠ -!'#23#1ēŊ
! 1;ũ-.ũ04(#1#ũ 31#%4 ũũ$1#-3#ũ ũ
7 āąŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
āā
ũ#2!4 "1 ũĥ!#+#23#Ħũ)4% 1;ũ!.,.ũ 5(2(3 -3#ũ'.8ũ#-ũ 3 !4-% ũ!.-ũ+ ũ (-3#-!(¢-ũ"#ũ2#%4(1ũ24, -".ē
ēũ +ũ/+ -3#+ũ , 3# .ũ#2/#1 ũ' !#1ũ248.2ũ+.2ũ31#2ũ/4-3.2ũ -3#ũ+ ũ Ĕũ/ 1 ũ2#%4(1ũ#-31#ũ+.2ũ/4-3#1.2ē
Ì3 .+ũ 3.!' ũ ũ (1( .3#).2ũ 11( +#2ũ ; ".ũĈČũ #23;-ũ$4#1 ũ "#ũ2#1(#ũ#-ũ ĥ .- ũ +3 Ħ Bei [gk_fei Ò b_Wb[i Wb 9Wcf[e# dWje 7jeY^W BW B_h_W (&''" Wb_i# jWh|d iki fbWdj[b[i fWhW `k]Wh 1(,#1 ũ$#!' bW fh_c[hW \[Y^W Z[b YWcf[e# dWje [d Zei [ijWZ_ei" Yed c_hWi W bW YbWi_Ò YWY_ d [d bWi YWj[]e# 23 "(.ũ 3.!' ŗĈĉĖććũ 14/.ũ ,(%.2ũ52ēũ .!'#2ũ h Wi Z[ fh_c[hW o i[]kdZW$
ŗĈČĖććũ #/.13(5.ũ 3+ -3 ũ52ēũ 4#-! ŗĈďĖććũ -ũ .2_ũ52ēũ 11 9.
23 "(.ũ ũ 4(%. ŗĈĉĖććũ #/.13(5.ũ ũ (1( ũ52ēũ .,#1!(. ŗĈČĖććũ .2ũ (%1#2ũ52ēũ 14!#(1. ŗĈďĖććũ ũ ! "#,( ũ52ēũ 3+_3(!.ũ +.1("
Bei [dYk[djhei Z[ bW 9efW 9h[# Y[h M_ Wh_ Yedj_d Wd ^eo o cW# WdW [d Z_\[h[dj[i [iY[dWh_ei Z[fehj_lei Z[ bW B_]W FWhhegk_Wb ÈPedW 7bjWÉ" fWhW Ykcfb_h Yed bW eYjWlW \[Y^W Z[b YWcf[edWje Z[b \ jXeb h[Yh[Wj_le$
.,(-%.ũĈĎũũ ŗ 23 "(.ũ 3.!' ŗĈćĖććũ ) 7ũ52ēũ _-(7ũ .).2 ŗĈĉĖććũ +( -9 ũ 45#-(+ũ52ēũ 3+_3(!.ũ .+~5 1 ŗĈČĖććũ #/.13(5.ũ 3.!' ũ52ēũ 19 ŗĈďĖććũ -(¢-ũ ,(+( 1ũ52ēũ 1 2(+(
,/#.- 3. !3 5 ũ #!' ũ
; ".ũĈČ 23 "(.ũ , 9.- 2 ŗĈČĖććũ (!'(-!' ũ52ēũ #142 +_-ũ ŗĈďĖććũ .2ũ+. .2ũ52ēũ #+ 6#1 4 !'(ũ .3.1 2 ŗĈĉĖććũ !' -.ũ52ēũ #-#!( ŗĈČĖććũ , 41 ũ52ēũ ;/.+#2 ŗĈďĖććũ (,¢-ũ .+~5 1ũ52ēũ !(04#ũ :+5 1#9 ũ +ũ #!1#. ŗĈČĖććũ 1%#-3(-.2ũ52ēũ #++ 5(23 ũ 1ē ŗĈďĖććũ 45#-342ũ52ēũ .1422( #-~3#9 ŗĈČĖććũ .+(5 1( -.ũ 23#1ũ52ēũ .+(ı 5 1( -.ũ 1ē ŗĈďĖććũ .+~5 1ũ52ēũ (5#1ũ + 3# +3#1-.ũ (#11 ŗĈđĖććũĉČũ"#ũ 8.ũ52ēũ 4, -"; .,(-%.ũĈĎ #-~3#9ũ ŗĈĉĖććũ #++ 5(23 ũ52ēũ -!'#23#1 ŗĈČĖććũ #!'#2ũ52ēũ !4 3.1( - ŗĈďĖććũ 4-%41 '4 ũ52ēũ (3+(-# #/3 +~ũ 1.- ŗćđĖććũ 1(#-3#ũ52ēũ !(04#ũ 23#1 ŗĈćĖććũ 41 !;-ũ52ēũũ -(¢-ũ 45#-(+
ēũ 1(.2ũ#04(/.2ũ2#ũ 1#4-(1;-ũ/ 1 ũũ)4% 1ũ4-ũ$Ì3 .+ũ 1#!1# 3(5.ē
23 "(.ũ ũ 4(%. ŗĈĉĖććũ /#-!#1ũ52ēũ 41 !;-ũ ŗĈČĖććũ #1.- ũ52ēũ .! ũ 4-(.1ũ
ŗĈďĖććũ 3+_3(!.ũ .!'#2ũũ52ēũ _-ăũ! ũ
;2ũ#-!4#-31.2ũ#-ũ ũ .8 Dk[lWi [ceY_ed[i i[ l_l_# i[cWdW" YkWdZe bei [gk_fei h|d [d bWi YWdY^Wi Z[ bW B_]W Ò b_Wb[i `k[]k[d ejhW \[Y^W Z[ :[fehj_lW BW @eoW" [ij[ Ò d Z[ XWbecf_ XWhh_Wb$
; ".ũĈČ
23 "(.ũ ũ .8 ũ
ŗĈćĖććũ 3+_3(!.ũ .+"¢2ũ52ēũ ,(+8 ŗĈĉĖććũ !(.- +ũ52ēũ #1(-++#1ũ ŗĈČĖććũ # +ũ "1("ũ52ēũ # 2(-%ũ
,(23 " ŗĈďĖććũ _7(!.ũ52ēũ 1%#-3(- 23 "(.ũ #11#,.3. ŗĈĉĖććũ !(-%ũ +4 ũ52ēũ 234"( -3(+ ŗĈČĖććũ 1(2! +ũ 4!1#ũ52ēũ 234"( -3(+ ŗĈďĖććũ 1(#-3#ũ52ēũ #+ 8 ũ 23 "(.ũ ũ -(5#12 + ŗĈĉĖććũ -3 ũ 149ũ52ēũ (% -ũ 1ē ŗĈČĖććũ 1%#-3(- ũ 23#1ũ52ēũ (5#1ũ + 3# ŗĈďĖććũ 3+_3(!.ũ .+"¢2ũ52ēũ -! 2
.,(-%.ũĈĎ ŗćđĖććũ !(-%ũ 23#1ũ52ēũ +,#(1 2 ŗĈćĖććũ 4 1 -~ũ52ēũ 9 ".1#2 ŗĈĉĖććũ .2ũ (-.2ũ52ēũ 4#-! ŗĈČĖććũ 4- ,.ũ .).ũ52ēũ 3+_3(!.ũ .2,.2 ŗĈďĖććũ #/.13(5.ũ -(¢-ũ52ēũ ,_1(! 23 "(.ũ"#ũ #11#,.3. ŗćđĖććũ ,_1(! ũ52ēũ 3+_3(!.ũ 45#-(+ ŗĈćĖććũ 2!.ũ ũ , ũ52ēũ # 1.+ ŗĈĉĖććũ # +ũ "1("ũ52ēũ ũ #1!#"ũ ŗĈČĖććũ 5(/ 9ũ52ēũ #! 7 ŗĈďĖććũ 4%#-(.ũ 2/#). 23 "(.ũ +ũ .,/+#). ŗćđĖććũ 1%#-3(- ũ52ēũ .2ũ ( #2ũ ŗĈćĖććũ -4 (.ũ52ēũ 45#-34"ũ 3 +( - ŗĈĉĖććũ !(-%ũ52ēũ _7(!.ũ
ŗĈČĖććũ #11#,.3.ũ52ēũ 1.+(- ũ
;b CWYWh| l_W`Wh| ^eo W BWjWYkd# ]W Yed [b [gk_fW`[ bb[de Z[ fei_# j_l_ice" fWhW [d\h[djWh W ik h_lWb Z[ jkhde" bW Kd_l[hi_ZWZ J Yd_YW Z[ 9ejefWn_ KJ9 W bWi ',0&& [d [b [ijWZ_e BW 9eY^W" [d bW \[Y^W ') Z[b 9Wcf[edWje Z[ bW i[h_[ 8$ @Wd_e F_dje" [ijhWj[]W Z[ bW [iYkWZhW WcXWj[ W" jhWXW` Yed bW edY[dW gk[ iWbjWh| W bW YWdY^W [ijW jWhZ[ [d BWjWYkd]W" ^WY_[d# Ze kdW iebW lWh_Wdj[ [d bW Z[\[d# iW o Z[`WdZe bW \ehcWY_ d Z[b [gk_fe Z[ bW i_]k_[dj[ cWd[hW0 7b[n F h[p [d bW fehj[h W" [d bW Z[\[diW H_dped B f[p" Bk_i
9Whbei" 7kh[b_e DWpWh[de o :Wdo EYb[i" gk[ [djhW [d bk]Wh Z[ 7h# jkhe C_dW" gk[ fh[i[djW kdW b[l[ b[i_ d$ ;b c[Z_e YWcfe j[dZh| W 9h_ij_Wd >khjWZe" [b `kl[d_b 7dZh i 9ehj i" 7]kij d =e [" MWbj[h B_dWh[i o [d bW Z[bWdj[# hW 9Whbei [b ÈF_Y^ dÉ Gk_dj[he o @^edo 8WbZ[ d$ BWi fh|Yj_YWi Z[ bW i[cWdW i_hl_[hed fWhW Yede# Y[h bei j_hei Z[ [igk_dW o b_Xh[i gk[ feZh Wd i[hl_h fWhW gk[ bei ^ecXh[i Z[ CWYWh| Wfhel[Y^[d bWi efehjkd_ZWZ[i Z[ ]eb gk[ i[ fh[i[djWd ZkhWdj[ [b Yej[`e eÒ # Y_Wb$
ŇĒđĎćĒ
āĂ
7 āąŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
,.!(.- -3#2ũ ăũ- +#2ũ#-ũ#+ũ (-$ -3(+ũ"#ũ$Ì3 .+
4 31.ũ#04(/.2ũ"#ũ+ ũ24 ũĈĉũ$4#1.-ũ ũ+ ũ%1 -ũ ăũ- +ũ#-ũ+ ũ ./ ũ ;, 1 ũ"#ũ .,#1!(.ũ"#ũ ,ı 3.Ĕũ04#ũ2#ũ"(2/43¢ũ 8#1ũ#-ũ#+ũ!.,/+#).ũ"#ũ + ũ#-3(" "Ĕũ+4#%.ũ"#ũ5 1(.2ũ#-!4#-31.2ē
} ēũ 4#13#2ũ1#24+3 1.-ũ+.2ũ"#+ -3#1.2ũ"#ũ+ ũ Ĕũ04#" 1.-ũ#-ũ!4 13.ũ+4% 1ē
/.*,(
ēũ .2ũ)4% ".1#2ũ"#ũ+ ũ #"#1 !(¢-ũ #/.13(5 ũ"#ũ 4-%41 '4 ũ Ĕũ "(2/43 1.-ũ#+ũ/1(,#1ũ+4% 1ũ$1#-3#ũ +ũ (!#.ũ .-3 +5.Ĕũ+.%1 -".ũ+ ũ!.1.- ũ +ũ % - 1ũ/.1ũ".2ũ%.+#2ũ ũ4-.ē
ēũ .2ũ(-3#%1 -3#2ũ"#ũ+ ũ#2!4#+ ũ 4 -ũ .-3 +5.ũ-.ũ"(#1.-ũ31#%4 ũ8ũ +.%1 1.-ũ#+ũ5(!#! ,/#.- 3.ũ"#+ũ3.1-#.ē
ēũ .-ũ!#+.ũ!4(" 1.-ũ#+ũ3#1!#1ũ+4% 1ũ+.2ũ)4% ".1#2ũ"#+ũ#04(/.ũ"#ũ +.2ũ .2#ăũ-.2Ĕũ% - -".ũ!4 31.ũ ũ".2ũ ũ+ ũ #"#1 !(¢-ũ ē
¡ ēũ 23.2ũ#-!4#-31.2ũ2#15(1;-ũ/ 1 ũ!.-2#%4(1ũ2#,(++#1.2ũ"#ũ #+(3#ũ#-ũ#+ũ +.,/(_ē
7 ŏāąŏ ŏŏ ŏ ŏĂĀāā
ŏ +. ŏ
āă
8KI9E ;CFB;E GIF=<JFI<J -"8ũ . (-2.-ēũ -%+_2ēćĒĒĐćĒćĊĒ
1.$#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#2 " ũ "#ũ !.-.,~ ēũ -$ēũ ĉČČĈĎČČũ ĵũ ćĒĎďČČđČĒ 4"(3.1ũ !.-ũ ,/+( ũ #7/#1(#-!( ēũ -$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 -$ēũćĒććđĐĒďĎũ
%1#2 " ũ"#ũ -%#-(#1~ ũ (.04~,(! ũ #+$ēĖũ ćđČććđĊĉĉ
ũ -%#-(#1 ũ #-ũ #23(¢-ũ (- -!(#1 ēũ -$ēũ ćĒĎĐĈČĒđďũĵũĉČĎććĎć
(,/(#9 ũ"#ũ! 2 2Ĕũ"#/ 13 ,#-3.2Ĕũ.$(!(ı - 2ēũ -$.1,#2ĖũćĒćĊĊĎĈĐďũĵũĉĐĎČďĈĉēũ
#ũ1# +(9 ũ31 ).2ũ"#ũ/(-341 ũ#-ũ! 2 2Ĕũũ #+$ĖũćĒĒćĈĉĊĈć
-%#-(#1 ũ -"4231( +ũ #-ũ 1.!#2.2ũ "#ũ 43., 3(9 !(¢-ēũ -$ēũ ĉđĉČđďĊıũ ćđČĉđđďĊĊ
ũ -%#-(#1 ũ .,#1!( +Ėũ -$ēũũĉđćĎČĎĈ
ũ 2#15(!(.2ũ !4(" -".ũ -( .2ũ -$ēĖũ ĉđČĎďđćũıũćĒĐĉĉĈććď
#ũ1# +(9 ũ31 ).2ũ"#ũ/(-341 ũ#-ũ! 2 2Ĕũũ #+$ĖũćđĎĉćČĈĐĒ
4(" ".ũ"#ũ -!( -.2ēũ -$ēũćĒđđćĎĊČćũ
ũ 4#13 2ũ 43.,;3(! 2ũ !#++ĖũćđČĎĎĐĎđćũıũćĒĊćĒđĉĐĒ
-%#-(#1 ũ #-ũ 1*#3(-%ēũ -$ēũ ĉČĈĈďČĊũ ĵũ ćĒđđĉććĉć -%#-(#1 ũ#-ũ 1% -(9 !(¢-ũ"#ũ ,/1#2 2ēũ -$ĖũćđĐĊđĐĒĐďē -%#-(#1.ũ !.-ũ #7/#1(#-!( ũ #-ũ , -3#ı -(,(#-3.ũ "#ũ !#-31.ũ "#ũ !.,/43.ēũ -$ēũũ ćđĊĉĒĉđďČũ
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
-%#-(#1.ũ #-ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũĉđĎĊĐĊĒũĵũćđČďćĐđĈďũ
ũ -%#-(#1 ũ#-ũ ",(-(231 !(¢-ũ"#ũ ,/1#ı 2 2ēũ -$ēũćđĐĈđĈČĐĒ
-%#-(#1.ũ"#ũ ,/1#2 2ũćĒĉĊĊđĊĎĎ
-%#-(#1 ũ#-ũ +(,#-3.2ēũ -$ēũćđćĐĎĎĉĎČ
-%#-(#1.ũ #-ũ ,/1#2 2ēũ -$ēũ ĉČĈČĉĊďũ ĵũ ćđĐđĈďđďćũ
ũ ēũ ēũ ēũ ćđČĎĈĊĐćĉũĵũĉđĉĐČČĉ
-%ēũ .,#1!( +ũ8ũ '.$#1ũ/1.$#2(.- +ũ!.-ũ 5#'(!4+.ũćđĊĎďĈďĒČ
-%#-(#1.ũ #-ũ #23(¢-ũ (- -!(#1 ēũ -$ēũ ćđČČĈČĉćĈũĵũćĒĐĊćĈĊĈć
-%#-(#1.ũ -"4231( +ũ #-ũ 1.!#2.2ũ "#ũ 43., 3(9 !(¢-ēũ -$ēũ ćĊıũ ĉĐČďıćĐČũ ĵũ ćđĊĉĒĉđďČ
-%#-(#1.ũ (5(+ēũ -$ēũćĒĉĐćĒĐďĈ
-%ēũ #-ũ (23#, 2ēũ #+ũ ćđĈćĈĎđĊďĵũ ĉČĈďĈĐĉ -%#-(#1 ũ .,#1!( +ũ !.-ũ #7/#1(#-ı !( ũ #-ũ !. 1 -9 2ēũ -$ēũ ćđČĎćĊďđČũ ĵũ ćđĐČćĐĈćČũ
.-3 ".1 ēũ -$ēũĉČĉĎĒďćũĵũćĒĎČćĊĈĎđ
-%#-(#1 ũ#-ũ ,/1#2 2ēũ -$ēũćđĐĒđĉĐĊĐũ
-%#-(#1 ũ"#ũ ,/1#2 2ēũ .-3 ".1 ēũ -$ēũ ĉČĎććČĐũĵũćĒĐĒČććĉđũ
-%#-(#1.ũ !.,#1!( +ēũ ĉČĎĉĒĎćũ ĵũ ćĒĎĒđĉĒĒĒ
/ !(3 ".1ũ #-ũ ",(-(231 !(¢-ũ Ì +(! ēũ -$ēũćĒČĎĊćČćđ
%1#2 " ũ "#ũ ",(-(231 !(¢-ēũ .-3 ".ı 1 ēũ -$ēũĉČĈĎďĒďũĵũćĒĒĐĐĎđĐď
ũ -%#-(#1.ũ"#ũ ,/1#2 2ēũ -$ēũĉČČĉĉĐďũĵũ ćđĊĉĒĒĐĉĐ
.-3 ".1 ēũ ćĒđĎĒďćĒď
-%#-(#1.ũ #-ũ (23#, 2Ĕũ #+#!31¢-(! ũ #ũ (-"4231( +ēũ -$ēũćĊĉĉĐďĈĉĈũIJũćĒđĈĉĊĊĉĈ
234"( -3#ũ "#ũ 41(2/14"#-!( Ĕũ 2_/3(,.ũ 2#,#231#ēũ -$ēũćđćĐČďĒďĈ %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
47(+( 1ũ ",(-(231 3(5 Ĕũ 5#-3 2Ĕũ 3#-ı !(¢-ũ +ũ !+(#-3#ēũ -$ēũ ćđČĐČČĐćČũ ĵũ ćđĊĈđĐđČĊũ #!1#3 1( ũ #!#/!(.-(23 ēũ 47(+( 1ũ !.-ı 3 +#ēũ -$ēũćđČĎďďĈĒďũ
<:FEFD@JK8J
%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 #+$ēũćđďđĊĈĎĒũ ĵũćĒĈććďďĉď
#!-¢+.%.ũ#-ũ (23#, 2ēũ 1.$#2.1ũ"#ũ, 3#ı ,;3(! 2Ĕũ(-$.1,;3(! Ĕũ)#$#ũ"#ũ ."#% ēũ -$ēũ ćĒĎĊĉČĐĉďũ .-3 ".1 ũ !.-ũ #7/#1(#-!( ũ 2(23#-3#ũ !.-3 +#Ĕũ 2(23#-3#ũ"#ũ 1_"(3.ũ 2(23#-3#ũ ",(-(231 3(5.ēũ -$ēũĉđĉĉĉďćıćđĐĒđĈĐČ 4(" ".ũ ũ /#12.- 2ũ "#ũ + ũ Ċ1 ũ " "ũ ĉČĈďĈĎĈũıũćĒĎĊććďČĊ # .1 ũ "#2# ũ 31 ) 1ũ /4#13 2ũ "#-31.ũ ++ , 1ũ +ũćđĊĈďĉđćĊũ.ũ +ũćĊĉČĈďĉĉď
-%#-(#1.ũ"#ũ ,/1#2 2ēũ -$ēũćĒđĐĎĉĐćĐ -%#-(#1.ũ #-ũ (23#, 2ēũ -$ēũ ĉđĎĊĒĉĊũ ĵũ ćĒđĎďČđČĈ
4(" ".ũ "#ũ -( .2ũ 8ũ /#12.- 2ũ , 8.1#2ũ -$ēĖũćđĊĈďĉđćĊ
-%#-(#1 ũ #-ũ #23(¢-ũ (- -!(#1 ēũ -$ēũ ĉČĎććĎćũĵũćĒĎĐĈČĒđď
,/+# " ũ".,_23(! ēũ -$ēũćĒćĈĊćĊćĒ
ćđČďĈĎĊďćũ
@E><E@<IFJ
'.$#1ũ /1.$#2(.- +Ĕũ ! 3#%.1~ ũ ēũ -$ēũ ćđĐĊČĐČĎĉ '.$#1ũ !.-ũ (!#-!( ũ #+ēćđďĒđĐďČď
(/.ũ
ũ
'.$#1ũ /.1, -ũ -$ēĖũćĊĉũđČćĉćĊ
-%#-(#1 ũ #-ũ #23(¢-ũ (- -!(#1 ēũ -$ēũ ćđĐđĈďĎĉĉ -%#-(#1.ũ .,#1!( +ēũ -$ēũ ĉČĎĉĒĎćũ ĵũ ćĒĎĒđĊćć
-%#-(#1 ũ #-ũ +(,#-3.2ēũ -$ēũ ĉđĎĎĊĈĈũ ĵũ ćĒĎđĎĐĒďćũ
-%#-(#1.ũ #-ũ ,/1#2 2ēũ -$ēũ ĉČĈĎĊĒćũ ĵũ ćđćďĈĈćĒć
%1#2 ".ũ"#ũ -%#-(#1~ ũ (.04~,(! ũ #+$ēĖũ ćđČĉĉĎČĒĊ
-%#-(#1.ũ .,#1!( +ı '.$#1ũ /1.$#2(.- +ēũ -$ēũćđČČĈČđĎć
4(" ".ũ "#ũ /#12.- 2ũ -!( - 2ũ -$ēĖũ ĉČĈďĉĉďũıũćđČũĊĊĈďĐĉ
,/+# " ũ".,_23(! ēũ -$ēũćĒđđĒČďćĐ
'.$#1ũ/1.$#2(.- +Ėũ -$.1,#2ĖũĉČĉĐĎĊđ '.$#1ũ/1.$#2(.- +ũĵũ #%41(" "ũ -"4231( +Ėũ -$ēĖũćĊĉđĎĈđďđıćĒĉĎĒćĈđđ '.$#1ũ /1.$#2(.- +ēũ ćĒĎĎćďďĐđ
ĉđĎďČćĒũ
ĵũ
'.$#1ũ /1.$#2(.- +Ĕũ +(!#-!( ũ 3(/.ũ ġ Ģēũ #-%.ũ ! ,(¢-ēũ 3#+_$.-.Ėũ ćĒĒĉćĊĐĎđũ ıũ ĉĎĉĉđĊđ
M8I@FJ .2.ũ#-ũ.5#1+.!*Ĕũ1#!3 Ĕũ1#!4 1(".1 ũũ#-ũ ! 2 ēũ -$ēĖũćđđĈĊČĈĈď -3#-(,(#-3.ũ "#ũ /(2!(- 2ēũ -$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
-$ēũ
)#1 ũ ĵũ 5#-"#".1 ũ ĵũ 1#!#/!(.-(2ı 3 ēũ ũ ,#"(.ũ 3(#,/.ēũ -$ēũ ĉđĎĎćĈćũ ĵũ ćĒĉČĊĒĉďĎũ
'.$#1ũ/1.$#2(.- +ũ3(/.ũġ Ģũ/ 1 ũ3 7(2ũ8ũ ! ,(.-#2ũ"#ũĎũ3.-#+ " 2ēũ -$ĖũĉČććđĎĎũ ıũćĒĎĐĒĒĈČĊũũũũũũ '.$#1ũ2/.13, -ēũ -$ēũćđĐďďĉĊĊĊũũũũũ '.$#1ũ /1.$#2(.- +ũ !.-ũ +(!#-!( ũ 3(/.ũ ġ Ģũ + , 1ũ +ũ 3#+$ēĖũ ćĒĒĎĉĈđĒĐũ ĵũ ćĒĒĎĉĈđĒĐ
,/+# " ũ".,_23(! ēũ #+$ĖćĒćĐĐďĈĐČĵć đĒĒćĎĒČĉĵćđĒĒĊĊĊĉČ
'.$#1ũ /1.$#2(.- +ũ ćĒĒćĈĉĊĈć
(,/(#9 ũ"#ũ! 2 Ĕũ.$(!(- 2ēũ -$ēũćđďĐďďĐĈćũ ĵũĉČĈĎČĎĊũ
'.$#1ũ3(/.ũ ũćđĈĉĎĒČĒĐ
42! ũ 31 ).ũ
'.$#1ũ 1.$#2(.- +Ĕũ +(!#-!( ũ 3(/.ũ ēũ -$ēĖũ ćđđĈĊČĈĈď
:FEJKIL::@FE
"#ũ
5#-3.2ēũ
-$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 -$ēũćĒđđďĒĈćĊ ũ #!1#3 1( ũ (+(-%Õ#ēũ -$ēũĉđĎĉĊďć
_!-(!.ũ #-ũ (23#, 2ēũ -$ēũ ćđĐćĎĊďĊćũ ĵũ ĉđĉĈďđČ ũ (!#-!( " ũ#-ũ .,4-(! !(¢-ũ .!( +ēũ -$ēũ ćĒĎćĉĒĒďđ
)#1.Ĕũ /#1!'#1.Ĕũ "(%(3 ".1Ĕũ 3#!-¢ı +.%.ũ #-ũ !.,/43 !(¢-ēũ -$ēũ ĉČĈđćĉďũ ĵũ ćđĊćĎđĊćĒ
2(23#-3#ũ"#ũ.$(!(- ũ #+$ĖũćđČıĉĉĉıĉćĎ
(!#-!( " ũ#-ũ 41(2,.ũ (23¢1(!.ũ 4+34ı 1 +ēũ -$ēũćĒćĊĈĒĐČć .3.1(9 ".ũ !.,.ũ ,#-2 )#1.ũ 8ũ / /#+#2ũ +ũ "~ ũ ,.3.ũ /1./( ēũ ćĒĉĒđČĐĈćēũ (;-ũ %4(11# 1."4!!(¢-ũ 4"(.5(24 +ũ -$ēĖũ ĉČĉćĈĎČũ ıũ ćĒĎĎČďĉĒĐ 84" -3#ũ 1/(-3#1.ũ -$ēĖũĉČďćČĈĊ
41%.-#3 ũĈĐũ/ 2 )#1.2ũ -$ēĖćĒĉđĎćĈĈđ
'.$#1ũ /1.$#2(.- +Ĕũ ! 3#%.1~ ũ ēũ -$ēũ ćĒđćĐćĉČČũ
..1"(- ".1 ũ ćĊĉĉĐČćđĈĐ
ũ !'(++#1ũ _!-(!.ēũ +#!31(!(" "ũ -"4231( +ēũ
'.$#1ũ /1.$#2(.- +ēũ -$ēĖũ ćđĉćČđĐĊĉũũ ĸćĊĹĉČĈĊČĉĊũ ćđĒćĎĎđćČ
ũ .,4-(! ".1 ũ .!( +ēũ -$ēũĉđĉĈĊĒĊ
%#-3#ũ!423."(.ĵũ#2!.+3 ũ"#ũ2#%41(" "ēũ -$ēũćđđĈďćďĈĒ
13#2 -.ũ ! +($(! ".Ĕũ $ 1(! ũ 5 1(#" "ũ "#ũ ,4# +#2ēũ!#+ēĖũćĒĐĈĈČĐĈćď99
ũ '.$#1ũ /1.$#2(.- +Ĕũ ũ !.-ũ ! ,(¢-ũ
#-2 )#1.ēũ -$ēũĉĐďĉĊđĉ
(!#-!( " ũ #-ũ 1 ).ũ .!( +ēũ -$ēũ ćĒĎďĐĎĈĉĉ
#-"#".1ēũ -$ēũćđĐĎČćĈďČ
'.$#1ũ /1.$#2(.- +ēũ -$ēũ ćĊĉũ ČĈĉĊćđũ ĵũ ćđČĈČđđđĊ
,/+# " ũ ".,_23(! ēũ #+$ĖćđĒĒćĎĒČĉũ ĵćđĒĒĊĊĊĉČ
11#%+.ũ! 2 2Ĕũ"#/ 13 ,#-3.2ũ4ũ.$(!(- 2Ĕũ 84" ũ8ũ!4(" ".ũ ũ "4+3.2ũ, 8.1#2ēũ -$Ėũ ćĒđĐĎĉđĈď
#231.ũ #+#!31.,#!;-(!.ēũ .+" "41 ũ "#ũ 34 #1~ 2ũ ũ /1#2(¢-ēũ -$ēũ ũ ćĒĊćĎĊĈĒĉũ ĵũ ćđĈđĒĉĒĉďũ
4 1"( ũ"#ũ #%41(" "ēũ -$ēũćĒđĉĉćđďČ
<DGC<F ;FD<JK@:F
234"( -3#ũ ćĒđććĒĈĎď
ũ 2(!¢+.% ũ -"4231( +ēũ -$ēũ ĉČĉĈĊČĈũ ĵũ
'.$#1ũ /.13, -ũ 3(/.ũ ġ ĢĖũ (-$ēũ ćđĈĐĈĒďĉđũ
-%#-(#1 ũ .,#1!( +ēũ -$ēũ ĉđČďćĉČũ ĵũ ćĒďđćĉĐďĈ
"#1ũ #ũ '() ũ "#2# -ũ 31 ) 1ũ /4#1ı 3 2ũ "#-31.ũ .ũ $4#1 ũ -$ēĖũ ćđĊĈďĉđćĊũ ıũ ĉČĈĉĉď
ũ 2(!¢+.% ũ -"4231( +ēũũ -$ēũćĒĎČĉĉĈĊĊ
'.$#1ũ/1.$#2(.- +Ĕũ+(!#-!( ũ3(/.ũ ũ8ũ ũ -$ēĖũ ćđćĐďćĒČČũıũćđćĐďćĒČČũ
'.$#1ũ /1.$#2(.- +ēũ (/.ũ ũ -$.1,#2Ėũ ĉČĉĉĒĐćĵćđĐĊČĉĈĐď
-%#-(#1.ũ #-ũ +(,#-3.2ēũ -$.1,#2Ėũ ćĒđĈĐĊđĐĉ
2(!¢+.% ũ -"4231( +ēũ -$ēũ ĉČĈĈČďćũ ĵũ ćđČĈĐĈďĒĐ
'.$#1ũ /1.$#2(.- +Ĕũ +(!#-!( ũ 3(/.ũ ēũ -$ēũ ćĒĉČćĉĎĈĎ
%1#2 " ũ #-ũ -! ũ 8ũ (- -9 2ēũ -$ēũ ćĒĉĎĐććĈČ
2(!¢+.%.ũ -"4231( +ēũ -$.1,#2Ėũ ĉđČďĈđČũ ĵũćĒĉĐđĊĉĎČ -$ēũ
4(" ".ũ ũ/#12.- 2ũ"#ũ+ ũ3#1!#1 ũ#" "ũ -$ēĖũćĒĎĊććďČĊũıũĉČĈďĈĎĈ
!.-.,(23 ēũ -$ēũćđČČĒĊĒćĈũĵũĉĎĉĈđČć
ũ -%#-(#1.ũ #-ũ (23#, 2ēũ -$.1,#2Ėũ ĉČĎĉĐĎĎũĵũćđĐČĒĊĉČĉ
2(!.+.%~ ēũ
ũ #!#2(3.ũ !.2#1ũ . 1 2ũ ũ + ũ ! 2 ũ ++ , 1ũ ćĒĈĒĉćĈĉć
%1#2 ".ũ "#ũ -%#-(#1~ ũ +#!31¢-(! ũ #-ũ .,4-(! !(.-#2ēũ -$ēũ ĉđĉĎďĐĈũ ĵũ ćđČĐđĎćĐĎũ
2(!¢+.%.ũ -"4231( +ēũ -$ēũćđĐČČďĎĒĊũ
"#ũ
ũ #-ũ +4,(-(.ũ 8ũ 5("1(.ēũ -$ēũ ĉđĉĊďĈĈũ ĵũ ćĒđĈĊĒĎĉĒ
'.$#1ũ/1.$#2(.- +ēũ(/.ũ ũũ!.-ũ! ,(¢-ũ"#ũ Ďũ3.-#+ " 2ē -$ĖũćĒĐĈĊĉďĈČ
,/+# " ũ".,_23(! ũ -$ēũćđĊďČĐĒćĒ
+#!31(!(23 ēũ -$ēũćĒĉĎđćĊćĒũ
,/+# " ũ".,_23(! ũćĒđđĒČďćĐ
'.$#1ũ /1.$#2(.- +Ĕũ +(!#-!( ũ 3(/.ũ ēũ -$ēćĒĒĎĉĈđĒĐıćĒĒĎĉĈđĒĐēũũ
%1#2 " ũ (#-!( 2ũ ",(-(231 3(5 2ēũ -$ēũ ćđĊĉďČćĉć
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 -$ēũćđĊĈĈĐćĊĉ
#!1#3 1( ũ )#!43(5 ēũ -$ēũ đĊĉČĊĊđČũ ",(-(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 -$ēũ ćđćĐďćĒČČıćđćĐďćĒČČ
%1#2 ".ũ"#ũ -%#-(#1~ ũ#-ũ +(,#-3.2ēũ -$ēũ ćĒđĊćđĒĈďũ
89F>8;FJ
4(" ".ũ "#ũ -( .2Ĕũ "4+3.2ũ , 8.1#2Ĕũ #-$#1,.2ũ #+$ēũćđĐĊĒđđĊČ
%1#2 ".ũ"#ũ ",(-(231 !(¢-ũ"#ũ ,/1#ı 2 2ēũ -$ēũćĒČđĎđĈĎĎēũ
%1#2 " ũ "#ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũĉČĈĈĐĉĈũĵũćĒĎĉĎććĎć
ĵũ
4(" ".ũ "#ũ -!( -.2ũ 8ũ -( .2ēũ -$ēũ ĉČĉĊĎćĊũ
:?F=<I<J
#!1#3 1( ēũ -$ēũćĒĎćĉđĐĉĊ
ĉČĉďđĊđũ
(,/(#9 ũ "#ũ .$(!(- 2ũ 8ũ ,#-2 )#1 ēũ -$ēũ ćĒĒćĉĉđĈĊũ
8;D@E@JKI8K@MFJ
-%#-(#1 ũ .,#1!( +ēũ -$ćđĐđĊĈĊđĒ
-$ēũ
4(" ".ũ"#ũ -!( -.2ēũ -$ēũćĒĉĐćĎĒČď
.,4-(! ".1ũ 2.!( +ũ ĵũ #+ !(.- ".1ũ Ì +(!.ũ ĵũ #231.ũ "#ũ #1#,.-( 2ēũ -$ēũ ćđČćĈĐČďĒ
4~ ũ341~23(! Ĕũ/1.$#2.1 ũ"#ũ (+.2.$~ ēũ -$ēũ ćĒćĊĈĒĐČćũ !'(++#1ũ 4~,(!.ũ (¢+.%.ēũ -$.1,#2ũ ćđĐĒĎĒćĉČĵćđĐĈĎďĒĎĒ 1#-2(23 Ĕũ#7/#1(#-!( ũ#-ũ(,/1#-3 2ēũ -$ēũ ćĒĒĒďČđĈďũĵũĉđĉĉďĐĒũ -$#1,#1 ēũ ćđČĎČĐČĈĒ
-$ēũ
ćĒĐĎďĉĎĒćũ
ĵũ
ũ 11#%+.ũ "#ũ !.,/43 ".1 2ēũ -$ēũ ćĒĎđćČČđď
ũ #-2 )#1.ũ .3.1(23 ēũ -$ēũĉČĈĒĉĊĐ ũ #!#/!(.-(23 ũĵũ 2(23#-3#ũ .-3 +#ēũ -$ēũ ćđĐĊđďĈĉĐ 4/#15(2.1ũ"#ũ ."#% ēũ -$ēĖũćĒĉũĒĎũĎđũćĉũ IJũĉũČĉũČČũĉĎũũũ 84" -3#ũ"#ũ.$(!(- ũĵũ 47(+( 1ũ"#ũ#-$#1ı ,#1~ ēũ -$.1,#2ĖũćĒđĉćĉĈĈĉ /-,-/
-$ēũĉĐĎĎććć
!'(++#1ũ #-ũ ćĒĉĎĈĊĉĊĒũ
(-$.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 #!-¢+.%.ũ#-ũ -;+(2(2ũ"#ũ (23#, 2ēũ -$ēũ ĉČĎĉĒĎČũĵũćđĊćĈĎďĈĉũ %1#2 " ũ"#ũ 41(2,.ũ!.-ũ,#-!(¢-ũ#!.ı +¢%(! ēũ -$ēũćđČĐĈĊďďĈũ (2# ".1ũ/4 +(!(3 1(.ēũ -$ēũćđČĎđČďĒđũũ
(!#-!( ".ũ #-ũ "4! !(¢-ũ , (#-ı 3 +ũ 8ũ !.341(2,.ēũ -$ēũ ćĒđđĎđđĊćũ ĵũ ĉđČĉĊĈćũ (-3.1ũ /1.$#2(.- +ũ "#ũ ! 2 2ũ /(-341 ũ "#!.1 3(5! ũ #-ũ %#-#1 +ũ % 1 -3(9 ".ēũ ćĒĒćĈĉĊĈć
(!#-!( ".ũ #-ũ "4! !(¢-ũ , (#-ı 3 +ũ 8ũ !.341(2,.ēũ -$ēũ ĉđČĉĊĈćũ ĵũ ćĒđđĎđđĊć 42!.ũ#,/+#.ũ!.-.!(,(#-3.2ũ"#ũ(-%+_2Ĕũ !.,/43 !(¢-ĔũćĒĎČďĎĊĉĐ #!1#3 1( ēũ -$ēũĉđĎĎćĈćũĵũćĒĉČĊĒĉďĎ %1#2 ".ũ"#ũ 1% -(9 !(¢-ũ"#ũ ,/1#2 2ēũ -$ēũćđĐĉĐďĈĐćũĵũĉĎĉĈćĐĒ ũ ũ .-3 !.ĖũćĒĎĎďđĎĐĒ ũ ũ +#!31(! 2ũ ! , 1 2ũ"#ũ5(%(+ -!( ũ #+ēĖũćđČĎĎĐĎđć
āą
3.1ũ 3 3#ũ ĊĊćēćććũ -#%.!( +#2ũ ďũ !4 "1 2ũ "#ũ 3#11#-.ũ -$ēĖũ ćĒđĒćĒĊĉĉũ ıũćĒďĉĐČĊČď
-ũ 4 !'(Ėũ 5#-".ũ Đēćććũ ,ĉēũ + -.2Ėũ
#-".ũ ;, 1 2ũ (*.-ũ IJũ Ēćũ +#-3#ũ
#-".ũ ! 2 ũ #-ũ #!'.ũ 1./(.ũ ĈČĎũ ,ũ
ũ ũ /1./(#" "ũ ,#).1ũ 2#!ı
ũ + ".ũ "#+ũ !.,/+#).ũ # +ēũ -$.1,#2ũ +ũ #+ēĖũćĒćĎĊĐĈćĐũĸ 8.ũĉĈŇĒđČĐĒĹ
/ 1 ũ/+ -#2ũ"#ũũ5(5(#-" ēũ #-".ũ"#/ 1ı 3 ,#-3.ũ ,. + ".ũ #+$ēĖũ ĉČČĎĉďČũ ıũ ćĒĎĐĎĉĒĐďũĸ 8.ũĈĎŇĒđĊĈĎĹ
7 āąŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏŏ
ũ
424*(ũ đĒũ ŌČēĎććēũ -$ēĖũ ćĊĉČćĈĐĊČı ćĒĉĐĈĎĈĒĒĸ 8.ũĈĎŇĒđĊĒČĹ
"#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
ũ
IJũ ĈđıĈćĎı ďćıũ #-3#ũ ĈđēĉĐćũ ũ Ċćććũ
#-3#ũ ĈđıĐćũ IJũ + 2'ũ IJũ ũ IJũ ĉđēũ #+$ēĖũ ćđĐĈĈđćđĒũĸ 8.ũĈĎŇĒđĉđĎĹ
#ũ5#-"#ũ! 2 ũ"#ũ./.134-(" "ũ % ++ ı
ũ ēũ #/ 13 ,#-3.ũ#-ũ 4(3.Ĕũ #-ũ+ ũďũ"#ũ"(!(#, 1#ũ8ũ ~.ũ .! Ĕũ .11#2ũ "#ũ -ũ 2("1.ēũ #+$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
-#2ũćĊıČČũ8ũ+ ũ (-3 ũ (4" "#+ ũ (!#-3(ı - ũ -$ēĖũ ĉđĉĒĈđćũ ıũ ćĒđĎČćĈĉČũ ĸ 8.ũ ĈĐŇĒđČďĐĹ
11(#-".ũ "#/ 13 ,#-3.ũ /#04# .ũ #-ũ -ũ -3.-(.ũ3#+_$.-.ĖũĉČĈĎıĒĒĎũũũĸ 8.ũ ĈĎŇĒđČćđĹ
#-".ũ3#11#-.ũ "#ũ ĊēĎĉĎũ ,ĉũ #-ũ + ũ 5~ ũ
#ũ 11(#-" ũ ũ Čũ !4 13.2Ĕũ !.!(- ũ 8ũ .ũ 04#ũ !.-$.1, ũ 4-ũ "#/ 13 ,#-3.ũ
, -% ũ ũŌũĈĎēććũ!ĵ,#31.ũ-#%.!( +#2ũũ
/.'/+
5ēũ 3 '4 +/ ũ Œũ ĉđđũ 8ũ +(!4!'(, ũũ -$ēĖũ ĉČĈĉĎĒđũ IJũ ćĒđČĐćĈĒĐũ ĸ 8.ũ ĈĐŇĒđČĎĊĹ
#ũ-#!#2(3 ũ /#12.- ũ!.-ũ!.-.!(,(#-ı 3.2ũ / 1 ũ $ 1, !( ēũ -$ēũ ćĒĎĒČĒĒđĒũ ĵũ ĉČĉĐĐĉČũ
,/1#2 ũ"#ũ!.2,_3(! ũ- 341 +ũ"#ũ5#-3 ũ
ēũ #!#2(3 ũ ).5#-ũ .ũ 2# .1(3 ũ !'(++#1Ĕũ31 ).ũ$;!(+ũ/1#2#-ı 3 +#ē .+~5 1ũ ČıĉĎũ 8ũ -(" "ũ !(.- +ēũ ĸ 8.ũĈĎŇĒđČćđĹ
.+(!(3.ũ31 ).ũ!.-2#1-(#-3#ũ#-ũ '.ı 3.2'./ũ 8ũ $.3.%1 $~ ũ !.,4-(! 12#ũ ũ +.2ũ 3#+_$.-.2ũćđĐĈđđČČĉũIJũćĊĉĎĉĉČćĐ #!#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
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
'5 &$5/26 5 52'5Ì*8(= /2=$'$
/.1ũ! 3 +.%.ũ2.+(!(3 ũ(,/4+2 ".1 2ēũ -$ēũ ! / !(3 !(.-(-3#%1 +ľ+(5#ē!.,
&,58*,$ %$5,$75,&$ /$3$526&23,&$ 2%(6,'$'
2325781,'$'
9(1'(026 3523,('$' 9;DJH7B &21 /2&$/(6 9EC;H9?7B;I < 2),&,1$6 ,1)
7J797C;I 9;DJHE 7F7HJ7C;DJEI E<?9?D7I BE97B;I 9EC;H9?7B;I
JEDIKF7 FB7O7 7PKB BEJ;I :; J;HH;DE :;I:; ;B '+ :; ;DJH7:7 I7B:E 7 '& 7yEI FB7PE <?D7D9?7C?;DJE :?H;9JE ?D<EHC;I O L;DJ7I ;D ;:?<?9?E :EC?DE
J;B<$0 &/..,&.-, &/(&//&&E 7B 9EHH;E l[djWio[l[djeiZec_de6^ejcW_b$Yec
)+1.- 3%4!0! !00!
&RQVXOWRULR *LQHFR ± 2EVWpWULFR 3LHGDG 6iQFKH] 0LUDQGD
.-78+%7 380%7 6 %$0. !0". %+& ,!)+ #.02)+3*. 5('/ (.2,!)+ #.,
.,)#)+). %+
2%67(75,=
&0
$55,(1'2
&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
2À FLQDV FRQ EDxR SULYDGR ,QIRUPHV -R\HUtD 7LIIDQ\ 0HUD \ 6XFUH )RQR
'20,&,/,2 /DV 3LxDV \ /RV *XD\WDPERV )LFRD 7HOI &HO
&2168/725,2 )LFRD $Y 5RGULJR 3DFKDQR &DSXOtHV \ 0RQWDOYR 7HOI
/WV /WV /WV
0$;)/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$
,9$ ,1&/8,'2 672&. '( 5(38(6726 3(50$1(17(
7(1(026 /26 0(-25(6 35(&,26
+,'52 ² 8/75$&$9,7$&,Ð1 3,(5'$ FP (1 7$1 62/2 81$ 6(6,Ð1
2)(57$ '( &$/()21(6
$Y /DV $PpULFDV \ &RORPELD 7HOI &HO 0RYL &ODUR
7$1 %8(1$ &202 /$ /,32
6( 1(&(6,7$ 6HxRULWD FDMHUD FRQ H[SHULHQFLD SDUD WUDEDMDU HQ *DOiSD JRV ,QI &HO
3,62 )/27$17( $/(0$1
/.*).
7J797C;I FB7O7 7F7HJ7C;DJEI <H;DJ; 7B C7H
',5(&&,21 7RPiV 6HYLOOD \ &ROyQ 7HOI ([W
/.)-&
L;D:E
.02)-!1 %01)!-!1 .0)7.-2!+%1 6 %02)#!+%1 +&.,"0!1 )1. +.2!-2% "0!1 $% 02%
&,58*,$ /$3$526&23,&$ (1)(50('$'(6 '(
*
0(',&,1$ ),6,&$ (67(7,&$ 'LU &GOD (VSDxD FDOOH 0XUFLD HQWUH %DUFHORQD \ 4XL] 4XL] 7HOI 0RYL ² &ODUR
/.&-*
),*85$ %(//(=$ < 6$/8'
'(6'(
/--/ %% # #! & ( '! # % " !!# ) #& &$' & !
(6&8(/$ '( &260(72/2*Ì$
0(',&,1$ ),6,&$ (67(7,&$
/.&-*
&$0%,$ 78 1$5,=
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 /.(,+
,167,7872 0$18(/ /(=$(7$ $
/-,.-
0(',&,1$ ),6,&$ (67(7,&$
&DVD 6XVSHQVLyQ
/.&-*
HQ PLQXWRV VLQ FLUXJtD %,23/$67,$
/-,,+
5(38(6726 $8720275,&(6
'LU &GOD (VSDxD FDOOH 0XUFLD HQWUH %DUFHORQD \ 4XL] 4XL] 7HOI 0RYL ² &ODUR
7$1 %8(1$ &202 /$ /,32
&8562 *5$78,72 '( %2&$',726
)'0 / .,!� / ,1//#/ #) 0'+ / + -6/ #0!
3DFLHQWHV HQ WUDWDPLHQWR /-.)'
OR FHUWLILFDQ
'UD 6LOYLD 7 9DOHQFLD ( 'U 6D~O $ 9DOHQFLD (
/.',+
$PEDWR /DWDFXQJD 3X\R 3HOLOHR 7HOI
.0#/ "# * 3, & /0 2'#.+#/ "# * 3, *-1/ ! "6*'!, 5 .#( '#4! +/#!, 3 #*'%', .#/-, 1+ !1 ". +0#/ "# ) #$ 01. "# '%. !'7+ "# 1+%1. &1
&58= 52-$ 2)5(&(
)LORVRItD FRUSRUDWLYD %DQFR GH VDQJUH 'RQDFLyQ YROXQWDULD 2IWDOPRORJtD ± &LUXJtD 2SWRPHWUtD +HPDWRORJtD 2QFRORJtD \ FLUXJtD *LQHFRORJtD \ 2EVWHWULFLD 3HGLDWUtD &HQWUR GH UHKDELOLWDFLyQ ItVLFD 0HGLFLQD JHQHUDO ,QWHUQD
(FRJUDItD \ UDGLRORJtD /DERUDWRULR FOtQLFR )DUPDFLD %DQFR RUWRSpGLFR 'DPDV YROXQWDULDV &HQWUR GH FDSDFLWDFLyQ *HVWLyQ GHO ULHVJR GH HPHUJHQFLDV \ GHVDVWUHV $FWLYLGDGHV GH MXYHQWXG 3URJUDPD GH VDOXG FRPXQLWDULD 'LIXVLyQ R SULQFLSLRV \ YDORUHV
# " !
#-31.ũ "#+ũ )4(!(.ũ "#ũ ũ
³35202&,21(6 325 (/ 0(6 '( 0$<2´
# ! & $ %
'+" "& ) '"%! + %)&( & " # (
&' '"& ) % "0% *% ( " '% ( % # %) # )&( # ') , $ %1 # / . & , &$"%!& % # %) - '"( &( -
"' "0% "0 & , / )&' *!& " !&% # # .$ ' &$ ' "& #
! " ! ! /
" ! )'0,#* - ')- '&#*) .!%'&
($#+)
9LVtWHQRV HQ OD 6XFUH \ *XD\DTXLO 7HOpIRQRV ²
+]IVLW U]MZM TI UIUn TW[ PQRW[ [M ^]MT^MV OMVMZW[W[ KWV NTWZM[ +]IVLW U]MZM TI UIUn TW[ PQRW[ [M ^]MT^MV OMVMZW[W[ KWV NTWZM[ a XZM[MV\M[# XMZW K]IVLW ^Q^M [QMUXZM M[\nV I][MV\M[ a XZM[MV\M[# XMZW K]IVLW ^Q^M [QMUXZM M[\nV I][MV\M[ +WV 2]IV /IJZQMT MK]I\WZQIVW +-4=4): !! )UWZ M\MZVW /.&,/.).-
3RU HO 'tD GH OD 0$'5( WX PHMRU UHJDOR HV XQD VHUHQDWD
7 āąŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
/.()(
+25$ 352*5$0$
+25$ 352*5$0$
+
3DWUyQ GH 6LQWRQtD
+
'HVGH HO %DU
+
0LQXWRV
+
&LQHPDQtD
+
867Y )RONORUH
+
3OXJ 3OD\
+
&OXE $QLPD
+
'H 3HOtFXOD
+
,GRORV GHO 3XHEOR
+
$QLPH;WUHPH
+
5HYLVWD &RWRSD[L
+
&LQH 3tFDUR
+
6HULHV GH OD 7DUGH
+
&LHUUH
+
'XURV HQ $FFLyQ
ēũ ũ ē
ĸ ĹĔũ 2#%4(".ũ /.1ũ ēũ
ũ ũ
ũ ũ!.-31 ũ ũ ũ ũ
Ĕũ 2#ũ ' ũ "(2/4#23.ũ !(3 1ũ /.1ũ + ũ /1#-2 ũ /.1ũ "#2!.ı -.!#1ũ + ũ 1#2("#-!( ũ .ũ ".,(!(+(.ũ "#+ũ "#, -" ".Ĕũ "#ũ !.-$.1,(" "ũ !.-ũ +.ũ 04#ũ "(2/.-#ũ #+ũ 13ēũ đĉũ "#+ũ ¢"(%.ũ"#ũ 1.!#"(,(#-3.ũ (5(+Ĕũ2#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 ēũ ĎćĐũ ũ ĎĈĒũ ũ ũ ũ ũ
ũ ũ ũ ũ ũ ũ ēũ , 3.Ĕũ +4-#2ũ ĉĎũ "#ũ 1(+ũ "#+ũ ĉćĈĈĔũ + 2ũ ĈĐ'ĉĐēũ ũ Ėũ ũ "#, -" ũ 04#ũ -3#!#"#ũ #2ũ !+ 1 ũ 8ũ 1#Ì-#ũ +.2ũ 1#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 ı " 2Ĕũ / 1#!#ũ 04#ũ #+ũ "#, -" ".ũ ũ ũ ũ
ũ 2#ũ #-!4#-31 ũ !.,/1#-"(".ũ "#-ı 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 !.-ı !412.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 +#2ũ2#ũ#-31#% 1;-ũ +ũ ~-"(!.ũ "#ũ+ ũ 4(# 1 ũ 1ēũ (*3.1ũ .11#2Ĕũ#-ũ $.1, ũ +#% +ėũ 04#ũ + ũ $.1, !(¢-ũ "#+ũ !.-!412.ũ -3#"(!'.ũ2#ũ!.,4-(04#ũ +ũ/Ì +(!.Ĕũ/.1ũ,#"(.ũ"#ũ+ ũ/1#-2 ũ "#ũ4-.ũ"#ũ+.2ũ"( 1(.2ũ04#ũ2#ũ#"(3 -ũ #-ũ _23 ũ !(4" "ũ "#ũ , 3.ėũ 2#ũ 2# + 1;ũ "~ Ĕũ '.1 ũ 8ũ +4% 1ũ #-ũ 04#ũ 2#ũ !#+# 1#ũ + ũ )4-3 ũ "#ũ !1##".ı 1#2Ĕũ 04#ũ 2#ũ !4,4+#-ũ 3.".2ũ +.2ũ )4(!(.2ũ #-ũ !.-31 ũ "#+ũ "#4".1Ĕũ /.1ũ . +(% !(¢-ũ "#ũ " 1ũ .ũ ' !#1Ĕũ / 1 ũ +.ũ 04#ũ 2#ũ .$(!( 1;ũ ũ +.2ũ 2# .1#2ũ
4#!#2ũ"#ũ+.ũ (5(+ũ"#ũ_23 ũ!(4" "ėũ (%4 +,#-3#ũ .$~!(#2#ũ ũ 4-.ũ "#ũ +.2ũ 2# .1#2ũ 4#!#2ũ "#ũ +.ũ #- +Ĕũ / 1 ũ 04#ũ 2#ũ (-(!(#ũ #+ũ )4(!(.ũ /#- +ũ 1#2ı /#!3(5.ũ #-ũ .1"#-ũ ũ + ũ ! +($(! !(¢-ũ "#ũ + ũ (-2.+5#-!( ēũ ũ #ũ /1#5(#-#ũ +ũ "#4".1ũ "#ũ -.ũ 42#-3 12#ũ "#+ũ +4% 1ũ2(-ũ/1#5(.ũ 5(2.ũ"#+ũ)49% ".ėũ 8ũ 04#ũ "#-31.ũ "#ũ .!'.ũ "~ 2ũ "# #ı 1;ũ /1#2#-3 12#ũ #+ũ + -!#ũ "#ũ 242ũ (#-#2ũ !.-ũ #7/1#2(¢-ũ "#ũ !3(5.ũ 8ũ / 2(5.Ĕũ #-ũ ! 2.ũ "#ũ -.ũ ' !#1+.Ĕũ 2#ũ , -" 1;ũ $.1, 1ũ + -!#ũ /.1ũ #+ũ ~-"(!.ũ"#ũ+ ũ 4(# 1 ũ.ũ/.1ũ4-.ũ"#ũ +.2ũ !1##".1#2ēıũ 1.'~ 2#ũ ' !#1ũ / %.2ũ .ũ #-31#% 2ũ +ũ "#, -" ".ũ 2.ũ /#- ũ "#ũ + ũ -4+(" "Ĕũ "5(13(_-ı ".2#ũ ũ 04(#-#2ũ 3#-% -ũ (#-#2ũ .ũ / /#+#2ũ "#+ũ ,(2,.Ĕũ 04#ũ #23;-ũ #-ũ + ũ . +(% !(¢-ũ "#ũ #-31#% 1ũ +ũ ~-"(!.Ĕũ (-!411(1;-ũ #-ũ 1#2/.-2 ı (+(" "ũ #- +ēũ ũ .,.ũ + ũ $ ++(" ũ 04#" ũ "#ũ '#!'.ũ #-ũ + ũ (-3#1"(!ı !(¢-ũ "#ũ ",(-(231 1ũ (#-#2Ĕũ -.3(ı $~04#2#ũ!.-ũ_23 ũ/1.5("#-!( ũ ũ+.2ũ 2# .1#2ũ .3 1(.2ũ 8ũ #%(231 ".1ũ "#ũ + ũ 1./(#" "ũ "#ũ _23#ũ -3¢-ėũ .$~!(#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#ũ 31#2ũ /4 +(! !(.-#2ũ /.1ũ + ũ /1#-2 Ĕũ #-ũ4-.ũ"#ũ+.2ũ"( 1(.2ũ04#ũ2#ũ#"(3 ũ #-ũ #23 ũ !(4" "Ĕũ #+ũ ,(2,.ũ 04#ũ /."1;ũ./.-#12#ũ ũ_23 ũ"#!+ 1 3.ı 1( ũ/ % -".ũ+ ũ! -3(" "ũ "#4" " ũ .ũ"(,(3(#-".ũ (#-#2ũ#04(5 +#-3#2Ĕũ "#-31.ũ"#ũ31#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#ı 1(.1#2ũ -.3($(! !(.-#2ēũ ũ %1_%4#2#ũ +ũ /1.!#2.ũ + ũ ".!4,#-3 !(¢-ũ ")4-3 Ĕũ !#/3;-".2#ũ + ũ #7!42 ũ "#+ũ 2# .1ũ #73.ũ "#ũ +.ũ (5(+ũ "#ũ , 3.ēıũ 5.! -".ũ !.-.!(,(#-ı 3.ũ"#ũ+ ũ/1#2#-3#ũ! 42 ũ/.1ũ' #1ũ 2(".ũ #2(%- " ũ 4#9ũ #,/.1 +ũ"#ũ #23#ũ #2/ !'.ũ ,#"( -3#ũ !!(¢-ũ "#ũ/#12.- +ũ ēıũĐĒũ ı ēũ ~3#2#ũ 8ũ-.3($~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$(-ũ "#ũ 04#ũ "#-31.ũ "#ũ 5#(-3#ũ "~ 2ũ ũ !.-3 12#ũ"#2"#ũ+ ũÌ+3(, ũ/4 +(! ı !(¢-ũ 2# +#ũ ! 2(++#1.ũ )4"(!( +ũ / 1 ũ
āĆ
242ũ-.3($(! !(.-#2ēũũ #13($(!.ēıũ , 3.ĔũćČũ"#ũ 8.ũ"#+ũĉćĈĈē (1, ũ +#%( +# ũ 8ũ4-ũ2#++. ĈĒĐĈćĵĒđČČđ
ũ ũ ũ
#ũ5 ũ ũ/1.!#"#1ũ ũ -4+ 1ũ+ ũ 4#-3 ũ "#ũ '.11.2ũ .ũĈćĈČĉđĐćĊĐũ/#13#ı -#!(#-3#ũ ũ ũ
ũ ėũ /.1ũ ' #12#ũ #731 ı 5( ". , 3.Ĕũ ũĉũ"#ũ, 8.ũ"#ũĉćĈĈ ŇĒđĉđď 44
ũ
ũ ũ ũ ũ ũ ũ ũ ũ !.,4-(! ũ 04#ũ /.1ũ ' #12#ũ #731 5( ".ũ + ũ +( 1#3 ũ .ēũ ćĈĊćĊĈĉĈđĊũ /#13#-#!(#-3#ũ ũ ũ ũ ũ 2#ũ /1.!#"#ũ ũ24ũ -4+ !(¢-ē ŇĒđČĎć 44
ũ ũ
ũ ũ!.,4ı -(! ũ04#ũ/.1ũ#731 5~.ũ"#ũ+ ũ!4#-3 ũ Œũ ĊĎććĈČćđĐũ /#13#-#!(#-3#ũ ũ +#5#1ũ .".+$.ũ #+ 23#%4(ũ 1 -).ũ 2#ũ/1.!#"#1;ũ ũ24ũ -4+ !(¢-ē ŇĒđČĐĐ 44
ũ
ũ ũ #ũ !.,4-(! ũ +ũ /Ì +(!.Ĕũ + ũ 23#-!(¢-ũ +ũ %.ũ /.1ũ /_1"(" ũ "#ũ+.2ũ!'#04#2ũ .ēũĈĊĔũĈČũ8ũČďĔũ2(-ũ $(1, ũ8ũ2(-ũ5 +.1ũ/1#2#-3 " ũ/.1ũ#+ũ %(1 ".1ũ ũ Ĕũ 3 ēũ 3#ēũ .ēũĈĉĈĎććĊďĒĎ ŇĒđČđČ 44
ũ
ũ ũ #ũ !.,4-(! ũ +ũ /Ì +(!.Ĕũ + ũ 23#-!(¢-ũ +ũ %.ũ /.1ũ /_1"(" ũ "#ũ +.2ũ !'#04#2ũ .ēũ ďćĎĔũ ďćĉũ 8ũ "#+ũ ďĈĎũ +ũ ďĎćĔũ 2(-ũ $(1, ũ 8ũ 2(-ũ 5 +.1ũ /1#2#-3 " ũ /.1ũ #+ũ %(1 ".1ũ ũ Ĕũ 3 ēũ 3#ēũ .ēũ ĈĉćĎććČĐĒć ŇĒđČđĊ 44
ũ ũ
ũ
ũ ../#1 3(5 ũ"#ũ '.11.ũ8ũ 1_"(3.ũ -ũ 1 -!(2!.ũ 3" Ĕũ !.,4-(! ũ +ũ /Ì +(!.ũ(-3#1#2 ".ũ04#ũ2#ũ' ũ/#1"(ı ".ũ#+ũ!#13($(! ".ũ"#ũ"#/¢2(3.ũ ũ/+ 9.ũ ũ+ ũ.1"#-ũ"#ũ ũ ũ ũ Ĕũ /.13 ".1ũ "#ũ + ũ !_"4+ ũ "#ũ !(4" " -~ ũ ĈđćĈĊĊĒđĈıĈĔũ ! 1 !3#1(9 ".ũ !.-ũ #+ũ .ēũ ĈĉĉďđĒĔũ #,(3(".ũ /.1ũ -4#231 ũ (-23(34!(¢-ũ #+ũ ĉđĵćĊĵĉćĈĈĔũ !.-ũ 5#-!(,(#-3.ũ +ũ ĉďĵćĒĵĉćĈĈĔũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ććĵĈććũ /.1ũ #+ũ /+ 9.ũ"#ũĈđĉũ"~ 2ēũ - ũ5#9ũ31 -2!4ı 11(".2ũ 31#(-3 ũ "~ 2ũ !.-3 ".2ũ "#2"#ũ #23 ũ/4 +(! !(¢-Ĕũ"#ũ-.ũ' #1ũ04(#-ũ 2#ũ ./.-% Ĕũ + ũ ../#1 3(5 ũ /1.!#ı "#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 ŇĒđČđĈ ũũũũũũũũũũũũũ
āć
7 ŏāąŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
-29, 63257 -81,25 9HQWD GH WHODV GH WDSLFHUtD \ ]DSDWHUtD (OR\ $OIDUR \ 'DUTXHD 7HOI
(3,1&2 (TXLSRV ,QGXVWULDOHV GH &RFLQD &DPLQR HO 5H\ HQWUH -XQLQ \ 9HUGHORPD 7HOI
(/ 6(;72 &8562 (63(&,$/,'$' 62&,$/(6 )(/,&,7$ $/ &2/(*,2 0(125 ,1'2$0(5,&$ $/ &(/(%5$5 81 $f2 0$6 '( 68 )81'$&,21 < $/ 0,602 7,(032 $*5$'(&( $ /$6 6,*8,(17(6 ),50$6 &20(5&,$/(6 5#*$==, &$)e 1(7 6H UHDOL]D WUDQVFULSFLRQHV FRQVXOWDV VHUYLFLR GH FDELQDV \ WUDEDMRV HQ JHQHUDO +XDFKL &KLFR 9tD D 5LREDPED MXQWR D OD *DVROLQHUD 7HOI
)$%5,&$ '( &+2&2/$7(6 2IUHFH HO PHMRU FKRFRODWH D VX GLVWLQJXLGD FOLHQWHOD +XDFKL &KLFR 3DQDPHULFDQD 6XU NP ¼ 9tD D 5LREDPED 7HOI
,03257$'25$ $/9$5$'2
(/ 7(-$'2 'LVWULEXLGRUHV DXWRUL]DGRV GH WHMDV SLRQHUR FKRYD GHO (FXDGRU DUWHSLVR $Y 5RGULJR 3DFKDQR HQWUH ODV *XD\DEDV \ $Y /RV *XD\WDPERV )LFRD 7HOI
621,'2 9,7(5%26 %DQG
3XQWR GH 'LVWULEXFLyQ 1DFLRQDO 3'1 3DQDPHULFDQD 1RUWH .P ¼ 3 % ;
&RQWUDWDFLyQ GH DUWLVWDV \ *UXSRV 0XVLFDOHV %DUULR HO 7DPER 3HOLOHR 7HOI
'5 -26( $ 9,//$552(/ %
127$5,$ 6(*81'$ '5 )5(''< 5$026
%25'$'26 ´0$5Ì$ -26eµ
'5 *5,%$/'2 52%$/,12 8
'LVHxR \ %RUGDGR (VWDQGDUWHV %DQGHUDV %DQGHULQHV &LQWDV &D SDV $Y /RV &DSXOtHV \ 0DQ]DQDV HVTXLQD 7HOI
$8',725 $Y /RV &DSXOtHV \ 0DQ]DQDV )LFRD 7HOI
$%2*$'2 (678',2 /(*$/ $Y GH -XOLR \ $QWRQLR &ODYLMR 3HOLOHR 7HOI
$Y GH -XOLR \ $QWRQLR &ODYLMR 3HOLOHR 7HOI
',6)5$&(6 ´0$&$%(<2µ $Y /RV &KDVTXLV \ (QUtTXH] *DOOR DWUiV GH ORV %RPEHURV
6XFXUVDO )UHQWH DO &XHUSR GH %RPEHURV /D 3UDGHUD 7HOI
/8%5,&$'25$ 5 -
&(1752 ,1)$17,/ 9(/3(5
-81,25·6 %287,48(
9HQWD \ &DPELR GH $FHLWH /DYDGR ([SUHVV 9tFWRU +XJR \ $QWHSDUD 7HOI
5RSD SDUD UHFLpQ QDFLGRV \ QLxRV GH D DxRV &HYDOORV \ /DODPD (VT 7HOI
3DXOLQD 9HODVWHJXt 3ULPHUD ,PSUHQWD \ (VSHMR 7HOI
2548(67$ 62125$ 92/&$1
*5832 086,&$/ (1/$&( 7523,&$/
&$6$ 6863(1&,Ð1 (/ $0257,*8$'25
5(&7,02725
.25($872
$WHQGHPRV WRGR $FWR 6RFLDO &RQWUDWRV
$WHQGHPRV WRGR FRPSURPLVR VR FLDO GHQWUR \ IXHUD GH OD FLXGDG 3HOLOHR %DUULR (O 7DPER 9tD 3DQDPHULFDQD .P ¼ 7HOI
$Y (O 5H\ \ 4XLVSLFDFKD ´'LDJR QDO D OD 3OD]D GH &DUUL]RVµ 7HOI
5HFWLÀFDFLyQ \ 5HFRQVWUXFFLyQ GH 0RWRUHV 'LHVHO \ *DVROLQD &DPLQR HO 5H\ \ 4XLVSLFDFKD 7HOI
5HSXHVWRV \ $FFHVRULRV $Y (O 5H\ < 4XLVSLFDFKD 7HOI
,1'87(; /,1($ '( 02'$ %DUULR 6ROLV &XHYD &HOL HQWUH 5XELUD ,QIDQWH \ 7RUROHPD 7HOI
',675,%8,'25$ 75$9,(6,726
$8727$3,&(5,$ 0$&$5$
6(59,&,2 7(&1,&2 (/(&75,&2
&5$<=< '$11< Ů6
9HQWD \ 'LVWULEXFLyQ GH 5RSD ,QIDQWLO 'DPDV \ &DEDOOHURV & & 7HyÀOR /ySH] GR SLVR ORFDO &HYDOORV \ 0DULDQR (J H] 7HOI
7pFQLFRV (VSHFLDOL]DGRV HQ WRGD &ODVH GH 7UDEDMRV $Y (O 5H\ \ ORV $QGHV 7HOI
,QVWDODFLRQHV HOpFWULFDV UHVLGHQFLD OHV H LQGXVWULDOHV $Y 9tFWRU +XJR \ 0DQXHOLWD 6iHQ] HQWUDGD SRU HO FROHJLR ,QGR DPHULFD 7HOI
3$8/·6 (/ (1&$172 '( &$0,1$5 &21 /$ 02'$ )iEULFD &DQWyQ &HYDOORV %DUULR %HOODYLVWD 7HOI
$/80,1,26 +(5&8/(6 &$/,'$' (1 $/80, 1,2 3$5$ (/ +2*$5
*(17( 63257
(/ (6&$5$%$-2
237,&$ 3(/,/(2
5HSXHVWRV 9ROVZDJHQ 8QLGDG 1DFLRQDO \ 3ULPHUD ,PSUHQWD 7HOHID[
£&DPELDPRV VX IRUPD GH YHU OD 9LGD 3DGUH &KDFyQ \ -RVp 0HMtD 7HOI
'(&25$ $UWH \ 'HFRUDFLyQ 0DUWtQH] \ %ROtYDU -XQWR D OD 8QLYHUVLGDG &ULVWLDQD /DWLQR DPHULFDQD 7HOI
237,&$ $0%$72 '5 ('8$5'2 )(/,; 5 $Y &HYDOORV \ 4XLWR 7HOI
&5($&,21(6 ´-+21 5<µ
&DO]DGR FDVXDO IRUPDO ERWDV SDUD GDPDV FDEDOOHURV \ QLxRV &ROLVHR GHO &DQWyQ &HYDOORV 7HOI &5($&,21(6 ´%5<$1µ 2IUHFH FDO]DGR SDUD GDPDV FDEDO OHURV \ QLxRV )iEULFD %DUULR OD )ORUHVWD &HYDO ORV 7HOI
)$67 &+,&.(1 /2&$/ 6XFUH \ (VSHMR /2&$/ &HYDOORV \ GH -XQLR
)$67 &+,&.(1 /2&$/ 6XFUH \ (VSHMR /2&$/ &HYDOORV \ GH -XQLR
7+$35$1< -($16 &RQIHFFLyQ \ YHQWD GH SUHQGDV HQ MHDQ SDUD GDPDV FDEHOORV \ QLxRV 3HOLOHR YtD +XDPEDOR VHFWRU ´(O %HOpQµ 7HOI
'LU 9tD 3tOODUR .P 7HOI
&DPLVHWDV OODQDV \ HVWDPSDGDV *RUUDV DPHULFDQDV -XDQ % 9HOD \ 0HUD IUHQWH DO SDUTXH GH 1RYLHPEUH
7HOI
$872 5(38(6726 ´92/.6:$*(1µ 5HSXHVWRV \ $FFHVRULRV SDUD VX YHKtFXOR 9RONVZDJHQ $Y (O 5H\ \ 4XLVSLFDFKD 7HOHID[
3ODQWD GH 3URGXFFLyQ &DQWyQ &HYDOORV GH 0D\R \ *RQ]DOHV 6XiUH] 7HOI &HO
-26( /$85$ &857,'85Ì$ 2IUHFH FXHUR SDUD YHVWLPHQWD HQ 9DTXLOOD 1RYX 2YLQR *DPX]D GH $OWD &DOLGDG )iEULFD &GOD /RV -XDQHV 7HOI $872&20(5&,2 ´&25 '29$µ &RPSUD 9HQWD &DPELR GH 9HKtFX ORV VHPLXVDGRV 3LFKLQFKD $OWD \ %DEDKR\R 7HOI
'LVHxR \ &RQVWUXFFLyQ GH $PELHQWHV
9HQWD GH HOHFWURGRPpVWLFRV OLFXD GRUDV UDGLRV VDQGXFKHUDV 7Y HWF ,VLGUR $\RUD &GOD 3UHVLGHQ FLDO
´6$/9,7µ 3URGXFWRV QDWXUDOHV &iQFHU KtJDGR ULxyQ SUyVWDWD RYDULRV HVWUHxLPLHQWR JDVWULWLV GLDEHWHV YLVHUDV DFQp &GOD /DV &DWLOLQDULDV 7HOI
)5(''< &$67,//2
7RGR XQ VLHPSUH FiQWDOH DO $PRU
08(%/(6 5$)$(/
*(29$11< 3$5('(6 ´-81,25µ
2IUHFH OR PHMRU HQ PXHEOHV GH VDOD FRPHGRU \ GRUPLWRULR &XHUR \ &DLFHGR \ 0DQXHO 0DWKHXV 7HOI
7UDJRV FRUWRV \ ODUJRV IDUUDV D WX QLYHO DOTXLOHU GH ORFDO SDUD WRGD FODVH GH HYHQWRV 4XLV 4XLV \ &HOLDQR 0RQJH ² 3HOLOHR 7HOI
)$67 &+,&.(1
6H GD GH UHFRPSHQVD SRU TXLHQ GH LQIRUPDFLyQ GHO DXWRPyYLO 72<27$ &2521$ FRORU 52-2 GH 3ODFDV 3=- ² OODPDU DO WHOpIRQR
&20(5&,$/ -$&.(5
$VHVRU WHOHFRPXQLFDFLRQHV 2U TXHVWD &DFKH +RPHQDMH D OD VDOVD GH WRGRV ORV WLHPSRV 5RFDIXHUWH \ /DODPD $P EDWR 7HOI
&23<6$1 6HUYLFLR GH IRWRFRSLDV EODQFR \ QHJUR \ FRORU 6XPLQLVWURV GH RÀFLQD 3HOLOHR $Y 3DGUH &KDFyQ \ 4XLV 4XLV %DMRV GH OD &RRS GH -XOLR
%2/(526 3$6,//26 7HOI
&(6$5 02<$ 3523,(7$5,2 7DOOHU GH 0HFiQLFD GH HQGHU H]DGD \ SLQWDGD GH WRGD FODVH GH YHKtFXORV 3HGUR &DUER \ 5RFDIXHUWH 7HOI
$6(625,$ 75,%87$5,$ '5$ '(<6, *$0%2$ 7$0$<2 %ROtYDU \ 8QLGDG 1DFLRQDO 7HOI
/2&$/ 6XFUH \ (VSHMR /2&$/ &HYDOORV \ GH -XQLR
,QWHULRUHV SDUD RÀFLQD ORFDOHV FRPHUFLDOHV \ YLYLHQGD &HO 7HOI &$38/(772 %$5 ² ',6&27(&
2-2
/.*/&
7 ŏāąŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
āĈ
/26 3$'5(6 '( )$0,/,$ '(/ & ' , ´7,$ 0$5,7$µ < &217,1(17$/ 6&+22/ 5,1'( 81 -8672 +20(1$-( $ 72'$6 /$6 0$'5(6 '(/ 081'2 'H WRGRV ORV GHUHFKRV GH XQD PXMHU HO PiV JUDQGH HV VHU PDGUH 621 /26 '(6(26 '( 3(3,72 0(-,$
8QD PDGUH HV FDSD] GH GDU WRGR VLQ UHFLELU QDGD 'H TXHUHU FRQ WRGR VX FRUD]yQ VLQ HVSHUDU QDGD D FDPELR
621 /26 '(6(26 '( &5,6723+(5 &5,2//2 &(/8/$5 :25' ,1)520$ $ 68 ',67,1*8,'$ &/,(17(/$ /$ //(*$'$ '( 672&. '( (48,326 '( &(/8/$5(6 ',5 %2/,9$5 < 52'5,*8(= '( *8=0$1 7(/
-8=*$'2 2&7$92 '( /2 &,9,/ '( 781*8 5$+8$ 3,//$52 ',5 52'5,*8(= '( *8=0$1 < $7,3,//$+8$=2 7(/)
3$.$5<08< &25325$&,21 '( '(6$552//2 62&,$/ < ),1$1&,(52 ,19(56,21(6 &5(',726 %212 '( '(6$552//2 +80$12 3$*26 '( ,19(56,21(6 %$6,&26 *,526 1$&,2 1$/(6 ( ,17(51$&,21$/(6 ',5 )/25(6 < 52'5,*8(6 '( *8= 0$1 3,//$52 7(/)
0$<7, ´&(1752 '( ),6,27(5$3,$ < (67(7,&$´ ',5 &$5/26 7$0$<2 (175( 68&5( < )/25(6 6(*81'2 3,62 /,& 0$<5$ &$03$f$ /,& &5,67,1$ 52'5,*8(= &HO
&20(5&,$/ 6$1 /8,6 2)5 0$7(5,$/ (/(&75,&2 < 352'8&726 '( )(55(7(5,$ 3(5126 7251,//26 (1 72'$ 0(','$ ',5 68&5( < 1$59$(= )5(17( $/ 0(5&$'2 6$1 /8,6
7(/)
&5($&,21(6 -266< 63257
3523 3$75,&,2 6,6$/(0$ ,167$/$&,21 3,6&,1$6 6$8 1$6 785&2 +,'52 0$6$-(6 (7& ',5 $9 /26 *8$<7$0%26 < &+,5,02<$6 $0%$72 &(/
&21),$1'$72 6,(035( 0$6 &(5&$ '( 7, 2)5(& (/(&752'20(67,&26 < 08(%/(6 3$5$ 68 +2*$5 (1 /$6 0(-25(6 0$5&$6 < /26 0(-25(6 35(&,26 ',5 52&$)8(57( < 68&5( (648,1$ 7(/)
0(&$1,&$ (/(&75,&$ ',$6 5(3$5$&,21 '( 02725(6 $/7(51$'25(6 3,72 %$7(5,$6 < 72'2 (/ 6,67(0$ (/(&75,&2 &21 7$026 &21 (672< '( 5(38(6726 ',5 $9 &$5/26 &2175(5$6 < 58 0,1,$+8, 7(/)
/8,6$ -$&20( ´7,$ '8'8µ )(/,&,7$ $ /$ ,167,78&,21 325 81 $f2 0É6 '( 9,'$
%,//$6 < %,//$5(6 ´7,2 *$72µ
$/80,1,2 < 9,'5,2 (6&2%$5 3523 -8$1 (6&2%$5 ,167$/$026 < )$%5,&$026 38(5 7$6 9(17$1$6 &257,1$6 '( %$f2 (7& ',5 %2/,9$5 < &$5/26 7$0$<2 7(/)
'$7$ $,5 :,5(/(66 ',5 85%,1$ 8 ( 175( )/25(6 < 68&5( 7(/)
3(/848(5,$ -+21621 2)5(&( &257(6 '( &$%(//2 3$5$ &$%$//(526 < 1,f26 3523 25/$1'2 3(5$/92 < +126 ',5 0217$/92 (175( 85%,1$ < 52&$)8(57( )5(17( $/ 0(5 &$'2 6$1 -8$1 &(/
&203/(-2 (&2785 ,6/$ /$ 3/$<$ 7(48,1 3,6&,1$6 '(C3257(6 (;75(026 3(6&$ '(3257,9$ (175$'$ $ 3,//$52 7,(55$ %/$1&$ 7(/)
$/(;$1'5$ 6$/,1$6 /&'$ (1 ('8&$&,21 %$ 6,&$ 3$598/$5,2 2)5(& 7$5($6 ',5,*,'$6 '( $ $f26 7(/)
3('52 5,2)5,2 35$'2
´&20(5&,$/ )(51$1 ',7$µ 3523,(7$5,2 52'5,*2 625,$ ',5 68&5( < 52%5,*8(= '( *8=0$1 )5(17( $/ &2/,6(2 580,f$+8, 2)5(&(026 9,9( 5(6 (1 *(1(5$/
6$1 -26( '(3257(6 3523 0$5,$ '( /285'(6 9$/(1&,$
&/,1,&$ 2'2172/2*,&$ '5 3$75,&,2 %$87,67$
2572'21&,$ ),-$ &,58*,$ '( 7(5&(526 02/$5(6 3527(6,6 (67(7,&$6 ',6(f2 '( 6215,6$ ',5 85%,1$ < %2/,9$5 6( *81'2 3,62 7(/)
%$/21(6 02/,1$
&$%,1$6 7(/()21,&$6 $/$1 1,
$&&(625,26 '(3257,926 $','$6 1,.( 5((%2. 380$ 80%52 1(: %$/$1&( ',5 0(5$ (175( &(9$//26 < -8$1 % 9(/$ 7(/)
2)5((&( 686 &/,(17(6 72'$ &/$6( '( %$/21(6 ( ,03/( 0(1726 '(3257,926 ',5 68&5( 1 < )81'$ '25(6 '(/ &$1721 1 (648,1$ 7(/)
3523 7(* ,9211( 6$48,1*$ //$0$'$6 1$&,21$/(6 ,17(5 1$&,21$/(6 &(/8/$5 5(&$5 *$6 $&& '( &(/8/$5 ',5 52'5,*8(= '( *8=0$1 (175( )/25(6 < 68&5(
)$50$&,$6 &2081, 7$5,$ &(175$/
%86,1(66 1(7 &20387$'25$6 62):$5( 5('(6 0$17(1,0,(172 ',5 0(5$ < %2/,9$5 2) (5 3,62 $/726 '( /$ 3$1$'(5,$ 3$1 (175$
7(/)
2)5(& 72'$ &/$6( '( 0(',&$ 0(1726 352'8&726 '( +,*,(1( 3(5621$/ 72'2 3$5$(/ &8,'$'2 '( 68 %(%( $ /26 0$6 %$-26 35(&,26 ',5 52&$)8(57( < )/25(6
5(67$85$1 /$ *$5=$ 3523 0$18(/ 7(125,2 2)5(& 3/$726 $ /$ &$57$ $/08(5=26 0(5,(1'$6 '(6$<8126 ',5 52&$)8(57( < 68&5( 7(/)
/$&7(26 )/25 <2*85 (648,6,72 3523 65$ )/25 &$55,//2 7(/) 3,//$52
'5 0$5,7=$ $9,/(6 36,&2/2*$ 7(5$3,$ 5$&,21$/ (02 7,9$ 7(5$3,$ &2*1,7,9$ ² &21 '8&78$/ 7(/)
(O TXH VDEH FRUUHVSRQGHU D XQ IDYRU UHFLELGR HV XQ DPLJR TXH QR WLHQH SUHFLR .(9,1 $/&$&,(*$
&25325$&,21 /$7,1$
0$7(,72 3,//$-2
81,'26 325 81 )87852 0(-25 &21),$%,/,'$' (1 686 ,1 9(56,21(6 &25325$&,21 3$5$ (/ '( 6$552//2 62&,$/ < ),1$1 &,(52
2)5(& 020(1726 '( 6$12 (63$5&,0(172 < %(%,'$6 $ 78 (/(&&,21 ',5 &$5/26 7$0$72 < *$5&,$ 025(12 7(/)
127$5,2 35,0(52 '(/ &$1721 3,//$52 &(/
;$9(-86
-$0É6 (1 /$ 9,'$ (1&21 75$5e,6 7(5185$ 0(-25 0É6 352)81'$ 0É6 '(6,1 7(5(6$'$ 1, 9(5'$'(5$ 48( /$ '( 98(675$ 0$'5( 621 /26 '(6(26
(O FRUD]yQ GH OD PDGUH HV HO ~QLFR FDSLWDO GHO VHQWLPLHQWR TXH QXQFD TXLHEUD \ FRQ HO FXDO VH SXHGH FRQWDU VLHPSUH \ HQ WRGR WLHPSR FRQ WRGD VHJXULGDG
.$7(5,1 *8$//$1
621 /26 '(6(26 '( 7$7,$1$ 6$48,1*$
2)5(& 72'$ &/$&( '( /$ 1$6< 72'$ &/$6( '( $&&(625,26 3$5$ (/ 7(-,'2 ',5 &$5/26 7$0$<2 < %2/,9$5 7(/)
,1&25325$7( $ <$1%$/
+$52,/ &,$ /7'$ &21758&725(6
&2168/725,2 -85,',&2
&21)(&&,21(6 '( 523$ '(3257,9$ 7(/)
'(/ '5 -$9,(5 )5(,5( '(6($ )(/,&,'$'(6 $/ & ' , ´7,$ 0$5,7$ 7(/)
/$ 0É6 %(//$ 3$/$%5$ (1 /$%,26 '( 81$ 3(5621$ (6 /$ 3$/$%5$ 0$'5( < /$ //$0$'$ 0É6 '8/&( 0$'5( 0Ì$
&RQWHPSODGR HO PXQGR VH SXHGH GXGDU GH OD PXMHU SHUR \D QR HV SRVLEOH GXGDU PiV PLUDQGR OD SURSLD PDGUH
621 /26 '(6(26 '( '$1,(/ &$55,//2
%$1'$ $1&+$ 3$5$ 72'26 ',5 (',) 6,',&$72 '( &+2 )(5(6 6(;72 3,62 2),&,1$ %2/,9$5 (175( &$67,//2 < 48,72 7(/)
7(&1,&2 +,'5$8/,&2 6$1,7$5,2
38172 &/$9( 2)5(&( 3$f$/(6 &260(7, &26 $57,&8/26 '( $6(2 $/ 325 0$<25 < 0(125 $9 580,f$+8, < 0217$/92 3,//$52 7(/)
$6$37(/ 6 $
621 /26 '(6(26 '( '$5/$ 9,18(=$
/2 48( 78 +2*$5 1(&(6,7$
*$0$ +2*$5 7( /2 )$&,/,7$ 2)5(& (/(&752'20(67,&26 (1 /$6 0(-25(6 0$5&$6 ',5 %2/,9$5 < 85%,1$ 68& 85 %,1$ < 0217$/92 7(/)
,1* )$11< $&267$ ',5 52'5,*8(= '( *8=0$1 < 0217$/92 7(/)
'(6($ 48( ',26 %(1',*$ 6,(035( $ /$6 0$'5(6 '(/ 081'2
$/0$&(1 /$ 0$'(-,7$
:,/0(5 +$52 ),*8(52$ *(5(17( ',5 %2/,9$5 < 52'5,*8(= '( *8=0$1 5* 7(/) /.***
Ä Ä‰
7 Ä Ä…Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
.-31.+Ŋ#-Ŋ "4 - 2Ŋ 8Ŋ#+(,(- !(¢-Ŋ"#Ŋ+ Ŋ 31( -%4+ !(¢-Ŋ#-Ŋ +.2Ŋ/1."4!3.2Ŋ"#Ŋ !4#1.ĔŊ/+ -3# 1.-Ŋ ,(#, 1.2Ŋ"#Ŋ -!#ē
# # ,)(ŋ, !/& #š(ŋ (ŋ & ŋ 2*),. #š(ŋ &ŋ / ,)
l[hi_ed[i" i[ fbWdj[Whed Wo[h [d 7cXWje d[Y[i_ZWZ[i o bWi fei_# Xb[i iebkY_ed[i fWhW [l_jWh bW [i# f[YkbWY_Œd" Yecf[j[dY_W Z[ib[Wb o [b YedjhWXWdZe Z[ bW cWj[h_W fh_cW$ 7 bW `kdjW Wi_ij_[hed c_[c# Xhei Z[ bW 7ieY_WY_Œd DWY_e# ;d kdW h[kd_Œd [djh[ bei fhe# dWb Z[ 9khj_Zeh[i Z[b ;YkWZeh ZkYjeh[i Z[ Yk[he o YWbWpWZ_i# 7dY[ " fheZkYjeh[i YWbpWZ_ijWi jWi" Yed @kWd <hWdY_iYe 8Wbbƒd" o [nfehjWZeh[i Z[ f_[b iWbWZW" ikXi[Yh[jWh_e Z[ 9ec[hY_e [ ?d# Wi‡ Yece ;ZkWhZe Cedj[he" Z_#
!+/$ $( .-(&(-(+$1 ( $(' % ! + ',)(+-!, & -!5(,
ēŊ 1."4!3.1#2Ŋ"#+Ŋ!4#1.Ŋ8Ŋ 43.1(" "#2Ŋ"#Ŋ!.,#1!(.Ŋ#23 +#!(#1.-Ŋ2.+4!(.-#2Ŋ#-Ŋ (#-Ŋ"#+Ŋ2#!3.1Ŋ!413(".1
! ('/( % , )!+,(' , ( !&)+!, , *.! !,-3' $'-!+!, , !' )+(/!!+ % (()!+ -$/ ! .'$"(+&!, '- %6' 0 &$, ) + %(, +, +$).% '-!, ! % ',-$ -. $6' , )+().!,- , ! (,-(, (&( &.!,-+ , ! %$ ! & -!+$ %!, ,! +! !)- +2' !' !% !) +- &!'-( ! ,! +!- +4 . $ !' % $. ! & -( %%! ,- (, '$ (, 0 + #. 0 ,!#.' ( )$,( 0(+!, $'"(+&!, % -!%" 0+$ & ( +4#.!1
h[Yjeh Z[ ?dZkijh_Wi" gk_[d[i fbWdj[Whed ik fh[eYkfWY_ÂŒd feh bW XW`W gk[ ^W ik\h_Ze bW fheZkYY_ÂŒd h[bWY_edWZW Yed [b Yk[he$ =edpWbe 9Wbb[`Wi" ][h[dj[ Z[ 9khj_Zkh‡W Jkd]khW^kW" ^WXbÂŒ Z[b jhWXW`e WhZke gk[ i_]d_Ă’YW bW h[]kbWY_ÂŒd [d [b c[hYWZe gk[ fWhj[ Z[iZ[ [b fheY[iWc_[dje Z[ bWi f_[b[i [d bei YWcWb[i$
BW WYY_Œd c|i fhŒn_cW" i[# ]‘d @kWd <hWdY_iYe 8Wbbƒd" i[# h‡W bW ikif[di_Œd j[cfehWb Z[ bW [nfehjWY_Œd" ^WijW gk[ [b Yk[he [YkWjeh_Wde i[ h[lWbeh_Y[ o fk[# ZW j[d[h kd fh[Y_e o kdW fheZkY# Y_Œd Z_]dW Z[ gk_[d[i i[ Z[Z_YWd W [ijW WYj_l_ZWZ" Wi[]khŒ 8Wbbƒd$ BW [b_c_dWY_Œd Z[ bW jh_Wd]k# bWY_Œd [djhWZW Z[ Yk[he Y^_de Yed cWhYW f[hkWdW " jWcX_ƒd [i kd Wif[Yje gk[ f[h`kZ_YW W bei
fheZkYjeh[i" feh be gk[ f_Z_[hed Yedjheb [d bWi WZkWdWi$ Ejhe Z[ bei fheo[Yjei gk[ bW IkXi[Yh[jWh‡W Z[ 9ec[hY_e [ ?d# l[hi_ed[i fheceY_edÂŒ [d 7c# XWje" \k[ [b FbWd Z[ :[iWhhebbe [d [b c[hYWZe Z[ h[[dYWkY^[" Yece kdW Z[ bWi YkWjhe Y_kZWZ[i =kW# oWgk_b" 9k[dYW" Gk_je o 7cXW# je gk[ i[ Z[Z_YW W [ijW WYj_l_ZWZ fheZkYj_lW$ ;ij[ fheo[Yje h[ikbjW cko X[d[Ă’Y_eie$
, ( &#( Ĺ‹ (Ĺ‹& Ĺ‹- !/( Ĺ‹ &/'()-Ĺ‹ 06&# Ĺ‹ Ĺ‹ &&3Ĺ‹ / ), , ' '), (Ĺ‹
Ĺ‡Ä’Ä‘ÄŒÄ’Ä?
' #%7'4&1 %10 .1 4'57'.61 214 5#/$.'# '0'4#. &' 1%+15 &' 112'4#6+8# &' 4#052146'5 '0 5'5+?0 '964#14&+0#4+# &' ('%*# '26+'/$4' &' &' %10(14/+&#& %10 .#5 #64+$7%+10'5 %106'/2.# '0 '. .+6'4#. % &'. 46 &' .# ': &' 112'4#6+8#5 5' %1081%# # .#5 2'4510#5 0#674#.'5 1 ,74>&+%#5 # 37' 24'5'06'0 575 1('46#5 2#4# .# 8'06# &' .# 2412+'&#& &' .# 056+67%+?0 7$+%#&# '0 .# 2#44137+# &' ;#/$# %#..' #56+..1 =%1/' : 7)7561 #.#;#4 8># # >..#41 (4'06' # )#51.+0'4# . 1.1/$+#01 ! " #0%*#5 &' $#5-'6 '%7#$1.': ' +0&14 (@6$1. <4'# 5')@0 '5%4+674# : '0 5+6+1 / %10 %'44#/+'061 &+A%#%+?0 &' &15 2.#06#5 &' *14/+)?0 #4/#&1 : .#&4+..1 / 7$+'46# '5647%674# /'6=.+%# / 4'%+1 &' "'06# #. /#:14 215614 14/# &' 2#)1 &' %106#&1 #5 $#5'5 &'$'4=0 5'4 4'6+4# &'. &'2#46#/'061 &' 5'%4'6#4># &' .# 112'4#6+8# 7$+%#&# '0 .# %+7&#& &' /$#61 &.# 0)#*74%1 %#..' 56#&15 !0+&15 : #4#)7#: 5')70&1 2+51
F_bejei Z[b ;YkWZeh i[ Wb_ijWd ^eo Z[iZ[ bWi &/0&& fWhW Ykc# fb_h Yed bW I[]kdZW L|b_ZW Z[b HWbbo DWY_edWb$ 9ed bW fh[i[dY_W Z[ be c|i h[fh[i[djWj_le Z[b Z[fehj[ jk[hYW i[ h[Wb_pŒ [d [b IWd Bk_i I^eff_d] Z[ IWd]ebgk‡" [b BWdpWc_[dje Z[b 9Wcf[edW# je DWY_edWb Z[b ;b[ajhW HWbbo (&'' o bW fh[i[djWY_Œd Z[b HW# bbo Z[ F_Y^_dY^W$ BW _diYh_fY_Œd Z[ ,& c|# gk_dWi fWhW [b DWY_edWb o (' Z[ bW 9efW F_Y^_dY^W" [d kdW iebW YWhh[hW" Yh[W bW [nf[YjWj_lW Z[ gk[ i[h| kde Z[ bei c[`eh[i hW# bb_[i Z[b (&''" ]hWY_Wi Wb Wfeoe Z[ jh_fkbWY_ed[i o bW [cfh[iW
fh_lWZW$ Kde Z[ bei WjhWYj_lei Z[ [ij[ hWbbo" WfWhj[ Z[ bei jkhXe Wb_# c[djWZei *n*" i[ Yedij_jko[ bW dk[lW YWj[]eh‡W Ckbj_cWhYW [ij|dZWh" Yh[WZW fWhW \ehcWh dk[lei lWbeh[i Z[b 7kjecel_# b_ice DWY_edWb$ ;b f‘Xb_Ye feZh| Z_i\hkjWh Z[ bW [n^_X_Y_ÂŒd Z[ bei Wkjei Z[ hWbbo" W bW l[p YecfWhj_h| Yed jeZWi bWi jh_fkbWY_ed[i fWhj_# Y_fWdj[i$ 7 bWi '*0&&" [d [b XWhh_e IWYeje Z[ Gk_je" WhhWdYWh| bW Yecf[j[dY_W Yed [b fh_c[h fh_# c[ Z[ YbWi_Ă’YWY_ÂŒd gk[ Z[j[h# c_dW [b ehZ[d Z[ bWh]WZW fWhW [b Zec_d]e
&)-Ĺ‹$/ !)-
;b jhecfe" bW hWok[bW" [b XW_b[ Z[b jecWj[ o bW Yehh_ZW [d iW# gk_bbei Z[ bedW" \k[hed fWhj[ Z[ bei `k[]ei fefkbWh[i gk[ h[c[cehWhed bW bei [ijkZ_Wd# j[i Z[b ?dij_jkje J[YdebÂŒ]_Ye Ikf[h_eh J_hie Z[ Ceb_dW" Yece fWhj[ Z[ bWi \[ij_l_ZW# Z[i feh bei *( W‹ei Z[ Yh[W# Y_ÂŒd$ ;b eX`[j_le \k[ _dYkbYWh [d [b [ijkZ_WdjWZe bei `k[]ei fefkbWh[i gk[ cWhYWhed kdW ƒfeYW [d bW l_ZW Z[ bei fW# Zh[i" WXk[bei" j‡ei o fh_cei$ Æ;ijei `k[]ei i[ ^Wd f[hZ_# Ze Z[X_Ze W bW Z[cWdZW Z[ dk[lWi fhefk[ijWi Z[ [djh[# j[d_c_[dje [nfk[ijei [d bei c[Z_eiÇ" i[‹WbÂŒ Bk_i 7XWZ" h[Yjeh Z[b J_hie Z[ Ceb_dW$
#5 1('46#5 5' 4'%'26#4=0 '0 51$4' %'44#&1 '0 '. &'2#46#/'061 &' 5'%4'6#4># *#56# .#5 &'. &># /#46'5 &' ,70+1 &' : 57 #2'4674# 5' 4'#.+;#4= '. &># /#46'5 &' ,70+1 &' # .#5 * '0 .# 5#.# &' 5'5+10'5 &' .# 056+67%+?0 # 112'4#6+8# &' 4#052146'5 5' 4'5'48# '. &'4'%*1 &' &'%.#4#4 &'5+'461 '. %10%7451 '0 %#51 &' 01 %108'0+4 # 575 +06'4'5'5 /$#61 #:1 &'
ēŊ .2Ŋ31(/4+ -3#2Ŋ"#+Ŋ/ ~2Ŋ2#Ŋ +(23 -Ŋ Ŋ5(5(1Ŋ4- Ŋ).1- " Ŋ #731#, Ŋ#-Ŋ#+Ŋ"#/.13#Ŋ34#1! ē
:4+#/ 1&4>)7';
Ŋ 4(2Ŋ "ĔŊ1#!3.1Ŋ "#+Ŋ .+#%(.Ŋ (12.Ŋ"#Ŋ .+(-
'.04#ĹŠ#-ĹŠ .2ĹŠ ' 204(2
ŋ& -ŋÝÞĆýúŋ ŋ 3 ,ąŋ- ŋ*,) /$)ŋ/(ŋ ")+/ ŋ (ŋ& ŋ 0 (# ŋ )-ŋ " -+/#-ąŋ (., ŋ )-ŋ. 2#-Ąŋ )-ŋ*,)*# . ,#)-ŋ ŋ& -ŋ/(# -ŋ., . ,)(ŋ ŋ&& ! ,ŋ ŋ/(ŋ / , )ŋ'/./)ŋ ŋð(ŋ ŋ+/ ŋ&)-ŋ0 "v /&)-ŋ()ŋ- (ŋ, ')& )-ŋ &ŋ* .#)ŋ ŋ, . ( #š(ŋ ŋ 4 ' Ąŋ # ' ,)-ŋ ŋ& ŋ )&# v ŋ&& ! ,)(ŋ &ŋ&/! ,ŋ*, 0#)ŋ ŋ& ŋ '#-#š(ŋ ŋ* ,. ŋ #( ),' .#0)Ą
7 Ä Ä…Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
,,# & -Ĺ‹* ( -Ĺ‹&)Ĺ‹&& 0 ,)(Ĺ‹ Ĺ‹+/#. ,- Ĺ‹& Ĺ‹0# Ĺ‹ (Ĺ‹ !)36( +ĹŠ".+.1ĹŠ(-5 "#ĹŠ ĹŠ+ ĹŠ$ ,(+( ĹŠ"#+ĹŠ $ ++#!(".ĔŊ04(#-ĹŠ 3#-~ ĹŠ3 -3.2ĹŠ24#Äą  .2ĹŠ/.1ĹŠ!4,/+(1Ä“ ;hWd bWi ((0'& Z[b `k[l[i Wdj[h_eh YkWdZe @eiƒ D$" gk_[d jhWXW`W [d bW [cfh[iW >_Zhe[bƒYjh_YW 7]e# o|d" [iYkY^ÂŒ kd Z_ifWhe o l_e W ik YecfW‹[he Bk_i ;ZkWhZe 7h# ]”[bbe >[hd|dZ[p" j[dZ_Ze [d [b ik[be o [d c[Z_e Z[ WXkdZWdj[ iWd]h[" bk[]e Z[ ik_Y_ZWhi[ Z[ kd XWbWpe gk[ _d]h[iÂŒ feh bW XeYW o iWb_ÂŒ feh bW fWhj[ ikf[h_eh Z[b Yh|d[e$ :[ _dc[Z_Wje" i[ _d\ehcÂŒ ieXh[ [b bWc[djWXb[ ikY[ie W ik cWZh[" Ze‹W CWh_WdW >[hd|d# Z[p" gk_[d [djhÂŒ [d kd [ijWZe Z[ i^eYa Wb l[h W ik ^_`e W fkdje Z[ ceh_h$ C_[cXhei Z[b 9k[hfe Z[ 8ecX[hei Z[ 8W‹ei Z[ 7]kW IWdjW" jhWibWZWhed W 7h]”[bbe ^WijW [b >eif_jWb Z[b ?dij_jkje ;YkWjeh_Wde Z[ I[]kh_ZWZ Ie# Y_Wb ?;II " ZedZ[ bei ]Wb[dei de fkZ_[hed ^WY[h W dWZW fWhW iWblWhb[ bW l_ZW$ C_[cXhei Z[ bW Kd_ZWZ Z[ 9h_c_dWb‡ij_YW Z[ bW Feb_Y‡W @k#
#!4/#1 -ĹŠ 13~!4+.2ĹŠ 04#ĹŠ$4#1.-ĹŠ1. ".2
Ĺ—ĹŠ ĹŠĹŠKdW YeY_dW" j[b[l_ieh Z[ (' fkb]WZWi o kd :L:" \k[hed h[Ykf[hWZei feh bW Feb_Y‡W @kZ_Y_Wb" bk[]e Z[ gk[ kdW bbW# cWZW j[b[\ÂŒd_YW Wb[hjWhW W bei kd_\ehcWZei Z[ bW l_l_[dZW kX_YWZW [d [b i[Yjeh Z[ 9^W# YWfkd]e [d bW fWhhegk_W @kWd 8[d_]de L[bW" ZedZ[ WfWh[d# j[c[dj[ [ijWXWd ]kWhZWZei Whj‡Ykbei Z[ ZkZeiW fheY[# Z[dY_W$ I[]‘d [b _d\ehc[ feb_Y_Wb bei Zk[‹ei Z[b _dck[Xb[ [djh[# ]Whed lebkdjWh_Wc[dj[ bei eX`[jei Wh]kc[djWdZe gk[ bei ^WX‡Wd h[Y_X_Ze Yece fW]e feh kdW Z[kZW" bWi _dl[ij_]W# Y_ed[i Yedj_d‘Wd$ ēŊ +ĹŠ! ";5#1ĹŠ$4#ĹŠ(-%1#2 ".ĹŠ ĹŠ+ ĹŠ .1%4#ĹŠ"#+ĹŠ .2/(3 +ĹŠ .!#-3#ĹŠ , 3.ĔŊ/ 1 ĹŠ!4,/+(1ĹŠ!.-ĹŠ+.2ĹŠ31;,(3#2ĹŠ"#ĹŠ #8Ä“
Z_Y_Wb Z[ Jkd]khW^kW" _dif[Y# Y_edWhed [b Yk[hfe gk[ fh[# i[djWXW kd eh_Ă’Y_e Z[ XWbW gk[ _d]h[iÂŒ feh [b cWn_bWh ikf[h_eh o iWb_ÂŒ feh bW h[]_ÂŒd l_fWh_[djWb Z[ bW YWX[pW$ ;b Z_ifWhe be h[Wb_pÂŒ Yed ik WhcW Z[ ZejWY_ÂŒd" oW gk[ ƒb jhW# XW`WXW Yece ]kWhZ_W$ ;b Yk[hfe \k[ bb[lWZe [d bW WcXkbWdY_W Z[ C[Z_Y_dW B[]Wb W bW Ceh]k[ Z[b
>eif_jWb :eY[dj[ 7cXWje" fWhW Ykcfb_h Yed bei jh|c_j[i Z[ b[o$ :[ cWd[hW [njhWe\_Y_Wb i[ YedeY_Œ gk[ Z[iZ[ ^WY[ Wb]‘d j_[cfe Wjh|i [ij[ Y_kZWZWde j[d‡W fheXb[cWi Yed ik fWh[`W i[dj_c[djWb" o ƒij[ i[h‡W [b ce# j_le fWhW gk[ jec[ bW \WjWb Z[Y_# i_Œd Z[ gk_jWhi[ bW l_ZW o WXWd# ZedWh bei fbWd[i gk[ ik \Wc_b_W ^WXh‡W gk[h_Ze gk[ YkcfbW$
.+.1Ŋ$ ,(+( 1 ŗŊŊ 4Ŋ/ "1#Ŋ 4(2Ŋ 1%Õ#++.ĔŊ +Ŋ(%4 +Ŋ 04#Ŋ#+Ŋ1#23.Ŋ"#Ŋ242Ŋ$ ,(+( 1#2ĔŊ#23;-Ŋ
24,(".2Ŋ#-Ŋ+ Ŋ31(23#9 Ŋ/.1Ŋ3 -Ŋ(11#/ Ĺ 1 +#Ŋ/_1"(" ē 4Ŋ5#+.1(.Ŋ2#Ŋ1# +(9 Ŋ#-Ŋ24Ŋ3(#11 Ŋ - 3 +ĔŊ  .2Ŋ"#Ŋ %4 Ŋ -3 ĔŊ".-"#Ŋ / 2¢Ŋ+.2Ŋ,#).1#2Ŋ  .2Ŋ"#Ŋ24Ŋ5(" ē
, #šŋ-/ŋ*# ,( ŋ ŋ / ,. ŋ (ŋ v&& ,) /- ŋ ŋ/(ŋ ")+/
ēŊ +Ŋ'#1(".Ŋ2#Ŋ1#!4/#1 Ŋ$ 5.1 +#,#-3#Ŋ#-Ŋ4- Ŋ!+~-(! Ŋ/1(5 " ē
@eiƒ L_Y[dj[ I[YW_hW" YedZkY# jeh Z[ kdW cejeY_Yb[jW d[]hW" f[hZ_Œ ik f_[hdW bk[]e Z[ _c# fWYjWhi[ YedjhW bW hWijhW Z[ kd jhWYjeh [d [b i[Yjeh Z[ ;b C_hW# Zeh" f[hj[d[Y_[dj[ W 9[lWbbei" [b j[hh_Xb[ ^[Y^e \k[ W bWi (&0*+ Z[b `k[l[i Wdj[h_eh$ I[YW_hW f[hcWd[Y[ _dj[h# dWZe [d bW 9b‡d_YW L_h][d Z[b
Ä ÄŠ
9_id[" ZedZ[ i[ h[Ykf[hW \Wle# hWXb[c[dj[$ ;b _d\ehc[ feb_Y_Wb _dZ_YW gk[ [b jhWYjeh i[ ]kWhZŒ [d bW l_l_[dZW Z[ CWhj^W D$" [d J_iWb[e" o gk[ de fkZe i[h jhWi# bWZWZe Wb fWj_e Z[ h[j[dY_Œd Z[ ?pWcXW" oW gk[ bei cehWZeh[i Z[b bk]Wh de be f[hc_j_[hed$ BW Feb_Y‡W [cf[pŒ bWi _dl[i# j_]WY_ed[i f[hj_d[dj[i$
;b c_ij[h_e hedZW bW ck[hj[ Z[ HeiW ;bl_hW 9^_YW_pW Gk_d]W" Z[ *( W‹ei" eYkhh_Ze bW jWhZ[ Z[b `k[l[i Wdj[h_eh [d [b XWhh_e 9Wcfe 7b[]h[ Z[ OWY^_]" f[hj[# d[Y_[dj[ W bW fWhhegk_W IWd 7d# Zhƒi Z[ F‡bbWhe$ I[]‘d _d\ehc[ Z[b :[ijWYW# c[dje Z[ Feb_Y‡W" bW bbWcWZW Z[ Wb[hjW \k[ h[Y_X_ZW W bWi '-0)&" f[he Wb bb[]Wh Wb bk]Wh bei \Wc_b_W# h[i Z[ bW \Wbb[Y_ZW _cf_Z_[hed gk[ i[ h[Wb_Y[ [b b[lWdjWc_[dje Z[b YWZ|l[h" Wh]kc[djWdZe gk[ [ie de [i Yk[ij_ÂŒd Z[ [bbei o gk[ jWc# feYe j[d‡Wd [b Z_d[he ikĂ’Y_[dj[ fWhW bei jh|c_j[i b[]Wb[i$ =hWd YWdj_ZWZ Z[ c_[cXhei Z[ bW Ye# ckd_ZWZ i[ efki_[hed Wb jhWXW`e Z[ bei kd_\ehcWZei" gk[ ^WijW [b cec[dje de YedeY[d bWi YWkiWi Z[ ck[hj[ Z[ [ijW ck`[h$ I[ YedeY_ÂŒ gk[ bW ck`[h ckh_ÂŒ W YWkiW Z[ kd ^ec_Y_Z_e" i_d gk[ [ije i[W hWj_Ă’YWZe e Z[iYWhjWZe feh iki \Wc_b_Wh[i$
!!("#-3#ĹŠ#-ĹŠ5~ ĹŠ ĹŠ -3 ĹŠ .2
Ĺ—ĹŠ ĹŠĹŠ;b WkjecÂŒl_b Yed fbWYW B8I# '*, YedZkY_Ze feh CWh_WdW JeWpW" Z[ (' W‹ei" i[ _cfWYjÂŒ Z[ cWd[hW \hedjWb YedjhW bW YWc_ed[jW Yed fbWYW FNF#-&/ Z[ =WXh_[b =k_dY^e" Wo[h W bWi &,0'& [d bW l‡W W IWdjW HeiW" [djhWZW W bW l‡W [YebÂŒ]_YW$ JeWpW \k[ _d]h[iWZW Wb >eif_jWb :eY[dj[ 7cXWje" oW gk[ fh[i[djWXW c‘bj_fb[i ]ebf[i [d ik Yk[hfe" c_[djhWi gk[ ik l[^‡Ykbe [ij| h[j[d_Ze fWhW _dl[ij_]WY_ed[i" f[he bW YWc_ed[jW \k[ h[j_hWZW feh bei _dZ‡][dWi Z[b bk]Wh$
.+(2(¢-Ŋ!#1! Ŋ "#Ŋ+ Ŋ!;1!#+
Ĺ—ĹŠĹŠĹŠ
¥ ēŊ 23 Ŋ#+Ŋ,.,#-3.ĔŊ -.Ŋ2#Ŋ' Ŋ#2!+ 1#!(".Ŋ+ Ŋ! 42 Ŋ"#Ŋ24Ŋ ,4#13#ē
Jh[i l[^‡Ykbei Y^eYWhed W bWi &.0'& Z[ Wo[h [d bW Wl[d_ZW ;b 9ŒdZeh o Bei F[h_Yei" WfWh[dj[c[dj[ feh bW cWbW cWd_eXhW Z[ kde Z[ bei YedZkYjeh[i$ BWi jh[i kd_ZWZ[i \k[hed bb[lWZWi Wb fWj_e Z[ h[j[dY_Œd Z[ ?pWcXW" fWhW bei jh|c_j[i Z[ b[o1 bW WkZ_[dY_W i[ h[Wb_pŒ Wo[h W bWi '+0&& [d [b `kp]WZe i[]kdZe Z[ Jh|di_je" i_d gk[ ^WijW [b cec[dje i[ YedepYW [b h[ikbjWZe Z[ bW c_icW$
Čć! (-!+ēũ 4-%41 '4
: ũũũĈČũũ ũ ũ ũĉćĈĈ
ũ ũ :
Čćũ :
! 1;ũ"#!(".ũ ũ% - 1ũ
.-ũ4-ũ#04(/.ũ (#-ũ"#ăũ-(".Ĕũ+.2ũĥ!#+#23#2Ħũ 5( ) 1;-ũ'.8ũ' 23 ũ 3 !4-% ũ/ 1 ũ#-ı $1#-3 1ũ ũ+ ũ Ĕũ ũ/ 13(1ũ"#ũ+ 2ũĈďĖććēũ : ũĈĈ
.-ũ4-ũ"(2/ 1.ũ#-ũ+ ũ .! ũ3#1,(-¢ũ24ũ5(" ũ
4(2ũ "4 1".ũ 1%Õ#++.ũ #1-;-"#9Ĕũ"#ũĉĈũ .2Ĕũ+ ũ-.!'#ũ"#+ũ)4#5#2ũ,(#-31 2ũ+ .1 ı ũ#-ũ %.8;-ēũ : ũĈĒ -2 ".2ũ"#ũ+ ũ"#+(-!4#-!(
.2ũ,.1 ".1#2ũ"#ũ+ ũ!(4" "#+ ũ .-2#).ũ 1.5(-!( +ũ"#ũ 4 !'(ũ '(!.Ĕũ , 1!' 1.-ũ+ ũ-.!'#ũ"#+ũ)4#5#2ũ!.-31 ũ+ ũ"#+(-!4#-!( Ĕũ04#ũ 9.3 ũ ũ#23#ũ 1#!.-.!(".ũ2#!3.1ũ"#ũ+ ũ!(4" "ē
1(- Ĕ ! 1(2, <EJE 7H9>?LE
731 ũ,4#13#ũ"#ũ,4)#1 23 ũ#+ũ,.,#-3.Ĕũ-.ũ2#ũ' ũ#2!+ 1#!(".ũ+ ũ! 42 ũ"#ũ $ ++#!(,(#-3.ũ"#ũ .2 ũ +5(1 ũ '(! (9 Ĕũ#-ũ+ ũ/ 11.04( ũ -ũ -"1_2ũ"#ũ ~++ 1.ēũ ũ .+(!~ ũ(-5#23(% ēũ : ũĈĒ
ũ! -3 -3#ũ 5#-#9.+ - ũ 1ı (- ũ!.-5#12¢ũ!.-ũ
ũ .1 ũ8ũ,.231¢ũ 24ũ2#-!(++#9ēũũ
: ũ Ĉć
+ũ _!-(!.ũ-.ũ !.-.!#ũ+ ũ"#11.3
+ũ!.-)4-3.ũ , 3# .ũ% -¢ũ -.!'#ũ +ũ ++#ũ"#+ũ '.3 ũ/.1ũ".2ũ%.+#2ũ ũ4-.ũ#-ũ#+ũ #++ 5(23 ēũ 4,¢ũĊĊũ/4-3.2ũ#-ũ+ ũ2#1(#ũ ē