Čć! (-!+Ä“ĹŠ 4-%41 '4
Äž ĹŠ } Ä?
ĹŠĹŠÄ‘ĹŠ ĹŠ ĹŠ ĹŠÄ‰Ä‡ÄˆÄˆÄˆ
" ÄƒĹŠĹŠ!.-3(-ĂŒ ĹŠ ., 1"# -". ;%(- ĹŠ Ä?
-! -3.ĹŠ-.!341-.
Ŋ 5#-(" Ŋ .+(5 1( - Ŋ+ Ŋ-.!'#Ŋ"#Ŋ 8#1Ŋ2#Ŋ#-!#-"(¢Ŋ!.-Ŋ+ Ŋ
)#!43(5 2ĹŠ "#ĹŠ'.8
#,.3(5(" "ĔŊ#-! -3.ĹŠ8ĹŠ #++#9 ĹŠ"#ĹŠ! " ĹŠ4- ĹŠ"#ĹŠ+ 2ĹŠ!.,/ 1Äą 2 2ĹŠ04#ĹŠ/ 13(!(/ 1.-ĹŠ#-ĹŠ+ ĹŠ .-" ĹŠ .!341- +ĹŠ"#ĹŠ+ ĹŠ#"(!(¢-ĹŠ Ä?ćŊ"#ĹŠ+ ĹŠ (#23 ĹŠ"#ĹŠ+ ĹŠ 143 ĹŠ8ĹŠ"#ĹŠ+ 2ĹŠ +.1#2Ŋĸ Ěē
;%(- ĹŠ Ä‘
;%(- Ŋ ĉ
Ä? 0) .),# Ĺ‹ * , Ĺ‹ & & Ĺ‹ Ĺ‹ ˜)-ÄŽ 7bh[Z[Zeh Z[ ) c_b \_hcWi Z[ Y_kZWZWdei XWd[‹ei [cfWZhe# dWZei i[ ^Wd h[Yeb[YjWZe ^WijW ^eo" Yed [b Ă’ d Z[ ieb_Y_jWh bW h[# leYWjeh_W Z[ >k]e F_d[ZW" WbYWb# Z[ Z[ [ij[ YWdjÂŒd" Wh]kc[djWd# Ze lWh_Wi _hh[]kbWh_ZWZ[i$ =k_bb[hce LWh[bW" fh[i_Z[d# j[ Z[ bW L[[Zkh‡W Z[ [ij[ YWdjÂŒd" ceijhÂŒ lWh_ei ZeYkc[djei gk[ gk[ Wi[]khWd ck[ijhWd kdW ik# fk[ijW YehhkfY_ÂŒd [d bW ][ij_ÂŒd Z[b 7bYWbZ[ Yece0 ieXh[ fh[Y_e" [nY[ie Z[ YedjhWjWY_ÂŒd Z[ f[hie# dWb" cWb kie Z[ bW cWgk_dWh_W Z[ bW ckd_Y_fWb_ZWZ" Wkjeh_jWh_ice" Ă’ hcW Z[ YedjhWjei i_d bei i_]d_Ă’ # YWj_lei" _dYkcfb_c_[dje Z[b fbWd Z[ YWcfW‹W" Wf[hjkhW Z[ dk[lWi l‡Wi Wdj_ jƒYd_YWi" [djh[ ejhei$ 7dj[ [ijW YWcfW‹W Z[ efei_# Y_ÂŒd" >k]e F_d[ZW" WbYWbZ[ Z[ 8W# ‹ei" h[YWbYÂŒ j[d[h bWi cWdei b_c# f_Wi o gk[ bWi eXhWi be Z_Y[d jeZe$ ;%(- ĹŠ Ĉđ
666Ä“+ '.1 Ä“!.,Ä“#!
-!#13("4, 1#ĹŠ#-ĹŠ#+ĹŠ .2/(3 +ĹŠ (++#--(4, 2/#1 -ĹŠ04#ĹŠ#-ĹŠ #23 ĹŠ2#, - ĹŠ2#ĹŠ !.-.9! ĹŠ#-ĹŠ04#ĹŠ #23 ".ĹŠ04#" 1;ĹŠ+ ĹŠ ! 2 ĹŠ"#ĹŠ2 +4"Ä“
:[iZ[ [b c_ƒhYeb[i Wdj[h_eh" [b >eif_jWb C_bb[dd_kc i[ [dYk[d# jhW XW`e bW WkZ_jeh_W Z[ bW Ikf[h# _dj[dZ[dY_W Z[ 9ecfW‹‡Wi" Yed bW Ă’ dWb_ZWZ Z[ iWblW]kWhZWh bei _dj[h[i[i [YedÂŒc_Yei Z[ bei ie# Y_ei" WYY_ed_ijWi o [cfb[WZei Z[ [ijW _dij_jkY_ÂŒd cƒZ_YW$ 9h_ijÂŒXWb 7dZhWd]e" ][h[dj[ Z[b ^eif_jWb" _dZ_YÂŒ gk[ 7cfW# he 7hj[W]W" \kdY_edWh_W Z[ [ijW _dij_jkY_ÂŒd ]kX[hdWc[djWb [i bW [dYWh]WZW Z[ l_]_bWh gk[ bWi WY# Y_ed[i o Ă“ k`ei [YedÂŒc_Yei i[Wd bei WZ[YkWZei$ 7dZhWd]e _dZ_YÂŒ gk[ [ije de gk_[h[ Z[Y_h gk[ [b =eX_[hde oW jecÂŒ fei[i_ÂŒd Z[ [ijW YWiW Z[ iWbkZ" i_de gk[ i[hl_h| fWhW WYbWhWh lWh_ei fkdjei Yece bei
Ä“ĹŠ +ĹŠ/#12.- +ĹŠ"#+ĹŠ'.2/(3 +ĹŠ#2/#1 ĹŠ+ 2ĹŠ"(2/.2(!(.-#2ĹŠ"#+ĹŠ . (#1-.ĹŠ !(.- +Ä“
YedjhWjei Z[ bWi f[hiedWi gk[ j_[d[d [b fbWd Z[ Z[iYk[djei Z[ iWbkZ" [cfb[WZei" YedjhWjei cƒ# Z_Yei [djh[ ejhei$ Bei [cfb[WZei [ij|d W bW [i# f[hW Z[b fhedkdY_Wc_[dje Z[b =eX_[hde DWY_edWb Z[ WZgk_h_h
e de bWi _dijWbWY_ed[i Z[b C_# bb[dd_kc fWhW ^WY[hbe f‘Xb_Ye \h[dj[ W bW [c[h][dY_W Z[ iWbkZ Z[Yh[jWZW$ Æ;ijWcei W bW [if[hW Z[ YkWb# gk_[h Z_ifei_Y_ÂŒd Z[b Fh[i_Z[dj[ Z[ bW H[fkXb_YW Z[ YecfhWh e de
[b C_bb[dd_kc" Z[ de ZWhi[ d_d# ]kdW h[iebkY_ÂŒd ^WijW [b fhÂŒn_ce `k[l[i gk[ ZkhW [b [ijWZe Z[ [c[h# ][dY_W bW YWiW Z[ iWbkZ Wj[dZ[h| Yece be ^W ^[Y^e" Z[ kdW cWd[hW fh_lWZWÇ" fkdjkWb_pÂŒ$ ;%(- ĹŠ ÄŠ
Ä‚ 0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?ĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
} ēŊ Ŋ #++#9 Ŋ"#Ŋ+ Ŋ,4)#1Ŋ , 3# Ŋ2#Ŋ1#ĄŊ#)¢Ŋ#-Ŋ 4(2 Ŋ . .ĔŊ1#(- Ŋ"#Ŋ , 3.ē
Ä“ĹŠ .2ĹŠ , 3#Â .2ĹŠ (+ 1.-ĹŠ8ĹŠ"(2$143 Äą 1.-ĹŠ!.-ĹŠ+ 2ĹŠ"($#1#-3#2ĹŠ!.,/ 12 2Ä“
¥ ēŊ Ŋ ( + " Ŋ"#Ŋ ~++ 1.ĔŊ'(!(#1.-Ŋ24Ŋ / 2.Ŋ/.1Ŋ#23#Ŋ#5#-3.Ŋ-.!341-.ē
Ä“ĹŠ ĹŠ"#+#% !(¢-ĹŠ$.+!+¢1(! ĹŠ"#ĹŠ #1ĂŒÄ”ĹŠ#-! -3.ĹŠ ĹŠ04(#-#2ĹŠ2#ĹŠ /.23 1.-ĹŠ ĹŠ+.ĹŠ + 1%.ĹŠ"#ĹŠ+ ĹŠ 5#-(" ĹŠ .+(5 1( - Ä“
( ŋ() " ŋ ŋ ( (.)ąŋ' !# ŋ3ŋ )&),ŋ (ŋ& ŋĒ )� ,# ( ē #2"#Ŋ+ Ŋ-.!'#Ŋ"#+Ŋ/ 2 ".Ŋ".,(-%.ĔŊ+.2Ŋ!(4" " -.2Ŋ"#Ŋ+ Ŋ9.- Ŋ!.Ĺ +.! 1.-Ŋ3 1(, 2Ŋ8Ŋ"#,;2Ŋ, 3#1( +#2Ŋ/ 1 Ŋ%4 1" 1Ŋ+.2Ŋĥ/4#23.2Ģē
9bWl[b[i" cWh]Wh_jWi" Yh_iWdj[cei" YWhjkY^ei" o \hkjWi Yece cWdpW# dWi" klWi" YWfkb‡[i" ZkhWpdei o Z[c|i [b[c[djei fhef_ei Z[ bW pedW" \k[hed bWi Z[YehWY_ed[i gk[ WZehdWXWd bei YWhhei Wb[]Œh_Yei gk[ iWb_[hed [d bW HedZW DeYjkh# dWb" bW deY^[ Z[ Wo[h$ 7gk‡" Y_[djei Z[ WcXWj[‹ei o
jkh_ijWi" Z_i\hkjWhed Z[ [ij[ [d# Yk[djhe deYjkhde gk[ [i kdW jhW# Z_Y_Œd Z[djhe Z[ bW fhe]hWcWY_Œd \[ij_lW Z[ bW [Z_Y_Œd ,& Z[ bW <_[ijW Z[ bW <hkjW o Z[ bWi <beh[i <<< $ <_]khWi Wd_cWb‡ij_YWi" Z[ \Wd# jWi‡W o Z[ \ehcWi gk[ [d]WbWdWd W bW ck`[h" \k[hed fh[i[djWZWi W bei l_i_jWdj[i" W gk_[d[i b[i [dYWdje [b
Yebeh" bei Xh_bbei o bei jhW`[i Z[ \Wd# jWi‡W gk[ YWkiWhed _cfh[i_ed[i W]hWZWXb[i [d [b f‘Xb_Ye$ ;d bei Z_\[h[dj[i YWhhei Wb[# ]ÂŒh_Yei _bkc_dWZei i[ kX_YWhed bWi h[_dWi Z[ bWi _dij_jkY_ed[i o XWhh_ei Z[ bW Y_kZWZ" gk_[d[i YecfWhj_[hed Ă“ eh[i o \hkjWi W bW Y_kZWZWd‡W gk[ Yed iki WfbWkiei
[nWbjWXWd bW X[bb[pW Z[ YWZW kdW Z[ [bbWi$ >Wo gk[ h[YehZWh gk[ ƒij[ [i \k[ kd Z_]de Y_[hh[ Z[ \[ij_l_ZW# Z[i" bWi YkWb[i \k[hed WZc_hWZWi feh c_b[i Z[ f[hiedWi gk[ bb[# ]Whed W Z_i\hkjWh Z[ bW lWh_[ZWZ YkbjkhWb" ]WijhedÂŒc_YW o ieY_Wb Z[ ƒijWi Ă’ [ijWi$
:[djhe Z[ bW hedZW" jWcX_ƒd [ijkl_[hed fh[i[dj[i bWi Z_\[h[d# j[i Z[b[]WY_ed[i \ebYbÂŒh_YWi gk[ bb[]Whed Z[ Z_\[h[dj[i fW‡i[i$ :[ [ijW \ehcW" bW cWoeh‡W Z[ bei [l[djei eĂ’ Y_Wb[i eh]Wd_pWZei feh [b 9ec_jƒ F[hcWd[dj[ Z[ bW <<<" bb[]Whed W ik Ă’ d$
5#-3.ĹŠ,42(! +
>eo W fWhj_h Z[ bWi '.0&&" [d [b i[]kdZe d_l[b Z[b CWbb Z[ Bei 7dZ[i fWj_e Z[ Yec_ZWi " i[ Z[iWhhebbWh| bW fh[i[djWY_ÂŒd Z[b :[iĂ’ b[ Z[ CeZWi Ăˆ9WhdWlWb CeZW (&''É1 ZedZ[ i[ ^Wh| bW fh[i[djWY_ÂŒd Z[ bei dk[lei ceZ[bei j[dZ_[dj[i W bW ceZW Z[ [ijW \[Y^W$
ĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
ă
* , .#0)ŋ 'Z # )ŋ ŋ & ŋ ,/4ŋ )$ ŋ ¥ ēŊ 2Ŋ/#12.- 2Ŋ !.,#-9 1.-Ŋ!.-Ŋ+ Ŋ!.+.! !(¢-Ŋ "#Ŋ+ 2Ŋ$143 2ĔŊĄŊ.1#2Ŋ8Ŋ/ -Ŋ#-Ŋ! " Ŋ 31 9 ".Ŋ"#Ŋ+ Ŋ +#%.1~ ēŊ
()-Ĺ‹ -)&# ,# -Ĺ‹ /(# -Ĺ‹ *),Ĺ‹& Ĺ‹* 4Ĺ‹
:[iZ[ j[cfWdWi ^ehWi Z[ bW cW‹WdW Z[ Wo[h" Z[Y[dWi Z[ f[hiedWi WYkZ_[hed ^WijW bW WYWZ[c_W EiYki" fWhW i[h fWh# j_Y_f[i Z[ bW [bWXehWY_ÂŒd Z[ bW Wb[]eh‡W gk[ i[ fh[i[djWh| ^eo ZkhWdj[ bW 8[dZ_Y_ÂŒd Z[ bWi <beh[i" <hkjei o FWd [d [b Wjh_e Z[ bW 9Wj[ZhWb$ :[djhe Z[ [ij[ fheY[ie fWhj_Y_fWd f[hiedWi Z[ jeZei bei bk]Wh[i Z[ bW fhel_dY_W Z[iZ[ [ijkZ_Wdj[i ^WijW bWi >[hcWdWi IWb[i_WdWi Z[ F[b_# b[e" [djh[ ejhei$ CWhY[be 7Ykh_e" [dYWh]W# Ze Z[ bW Wb[]eh‡W" cWd_\[ijÂŒ gk[ ied '- W‹ei gk[ ^W YebW# XehWZe [d [ijW WYj_l_ZWZ ^WY[ '+ W‹ei Z_h[YjWc[dj[ Yed be gk[ [i [b Z_i[‹e" f[he ^WY[ Zei W‹ei iebWc[dj[ Yed bW YeehZ_# dWY_ÂŒd Z[ bW [bWXehWY_ÂŒd$ 7Ykh_e i[‹WbÂŒ gk[ fWhW bW [bWXehWY_ÂŒd i[ ^W Yedi[]k_Ze jeZWi bWi \hkjWi gk[ i[ fheZk# Y[d [d bW fhel_dY_W Z[iZ[ bW dWhWd`_bbW Z[ h‡e L[hZ[ ^WijW bWi f[fWi Z[ fWbcW Z[ bei f|# hWcei$ ;ij[ jhWXW`e YedjÂŒ Yed bW fh[i[dY_W Z[ bWi jh[i `ÂŒl[d[i kd_l[hi_jWh_Wi gk[ Z_i[‹Whed bW Wb[]eh‡W0 9Wheb_dW =edp|# b[i" C_i^[bb CWhj‡d[p o CWh‡W Z[ bei Ă›d][b[i =WhW‹Œd$
ĹŠ ĹŠ Â&#x;
Ä“ĹŠ +ĹŠ/#12.- +ĹŠ,_"(!.ĹŠ#2/#1 ĹŠ +%ĂŒ-ĹŠ/1.-4-!( ,(#-3.ĹŠ"#+ĹŠ%. (#1-.ĹŠ' 23 ĹŠ#+ĹŠ)4#5#2ĹŠ04#ĹŠ3#1,(- ĹŠ#+ĹŠ#23 ".ĹŠ "#ĹŠ#,#1%#-!( Ä“ĹŠ
)-*#. &Ĺ‹ #&& ((#/'Ĺ‹ $)Ĺ‹ & Ĺ‹ /* ,Ä„Ĺ‹ Ĺ‹ )'* ˜v -Ĺ‹
ĹŠ 3#-!(¢-ĹŠ,#"(Äą ! ĹŠ2#%4(1;ĹŠ2(#-".ĹŠ /1(5 " ĹŠ' 23 ĹŠ04#ĹŠ #+ĹŠ . (#1-.ĹŠ"#ÄƒĹŠ- ĹŠ 24ĹŠ"#23(-.Ä“ Bk[]e Z[ bW l_i_jW Z[b Fh_c[h CWdZWjWh_e W bW fhel_dY_W o Z[ bWi _dj[dY_ed[i Z[ WZgk_h_h [b >eif_jWb C_bb[dd_kc fWhW ^WY[hbe f‘Xb_Ye" o gk[ [ij[ [djh[ Wb i[hl_Y_e Z[ bW Yeb[Yj_# l_ZWZ" bei Z_h[Yj_lei Wi[]khWd gk[ ^WijW [b cec[dje de i[ ^W YedYh[jWZe dWZW W‘d Yed [b =eX_[hde DWY_edWb$ F[he [if[# hWd YkWbgk_[h YWcX_e ^WijW [b `k[l[i gk[ j[hc_dW [b [ijWZe Z[
[c[h][dY_W Z[ bW iWbkZ W [iYWbW dWY_edWb$ 9h_ijÂŒXWb 7dZhWd]e" ][h[dj[ Z[b ^eif_jWb" cWd_\[ijÂŒ gk[ be del[Zeie gk[ i[ ^W ZWZe [d bWi _dijWbWY_ed[i cƒZ_YWi [i gk[ i[ Yk[djW Yed bW _dj[hl[dY_ÂŒd Z[ bW Ikf[h_dj[dZ[dY_W Z[ 9ec# fW‹‡Wi" fWhW be Yk|b i[ fei[i_e# de bW cW‹WdW Z[ Wo[h" 7cfWhe 7hj[W]W" \kdY_edWh_W Z[ [ijW _dij_jkY_ÂŒd ]kX[hdWc[djWb$ :[djhe Z[ bWi eXb_]WY_ed[i gk[ Ykcfb_h| Z_Y^W _dij_jkY_ÂŒd [i Z[ iWblW]kWhZWh bei _dj[h[# i[i Z[ bei ieY_ei" WYY_ed_ijWi o [cfb[WZei Z[b C_bb[dd_kc1 [b jhWXW`e gk[ Z[i[cf[‹Wh|" 7h# j[W]W [i YedjhebWh [b Ă“ k`e Z[ fW]ei c[Z_Wdj[ bW Wkjeh_pWY_ÂŒd Z[ bei Z[i[cXebiei$ 7dZhWd]e _dZ_YÂŒ gk[ [ije
de gk_[h[ Z[Y_h gk[ [b ]eX_[hde oW jecÂŒ fei[i_ÂŒd Z[ [ijW YWiW Z[ iWbkZ" i_de gk[ i[hl_h| fWhW WYbWhWh lWh_ei fkdjei Yece bei YedjhWjei Z[ bWi f[hiedWi gk[ j_[d[d [b fbWd Z[ Z[iYk[djei Z[ iWbkZ" [djh[ ejhei$ ÆBW Z[Y_i_ÂŒd Z[ YkWdZe _d# ]h[iWh W bWi _dijWbWY_ed[i Z[b C_# bb[d_kc [ijW [d [b =eX_[hde DW# Y_edWb" WZ[c|i Z[ Z[Y_Z_h i_ dei Z[`Wd Yece _dij_jkY_ÂŒd fh_lWZW e f‘Xb_YW gk[ i[W [d X[d[Ă’ Y_e Z[ bW Yeb[Yj_l_ZWZÇ" h[YWbYÂŒ$ Bei ieY_ei Z[X[d Yecfh[d# Z[h gk[ [ijW fhefk[ijW [i kdW d[Y[i_ZWZ Z[ bW Yeb[Yj_l_ZWZ o Yece WZc_d_ijhWZeh[i Z[X[d \WY_b_jWh bWi YeiWi Yed bW Ă’ dWb_# ZWZ Z[ gk[ i[ YkcfbW [b eX`[# j_le gk[ [b =eX_[hde j_[d[ [d c[dj[$
(&+ cƒZ_Yei lebkdjWh_ei Z[ bW 9hkp He`W Z[ Jkd]khW^kW" i[# h|d gk_[d[i fWhj_Y_f[d ZkhWd# j[ bei Z‡Wi Z[ Ă’ [ijWi [d bW ,& [Z_Y_ÂŒd Z[ bW <_[ijW Z[ <hkjW o Z[ bWi <beh[i" Yed bW Ă’ dWb_ZWZ Z[ Wi_ij_h YkWbgk_[h [c[h][d# Y_W gk[ i[ fk[ZW ikiY_jWh feh [ijW \[Y^W [d bei Z_ij_djei i[Y# jeh[i Z[ bW Y_kZWZ$ ;b f[hiedWb cƒZ_Ye i[ kX_# YWh| [d bWi YWhh[j[hWi" Z[iĂ’ # b[" hedZW deYjkhdWb" [l[djei f‘Xb_Yei" [djh[ ejhei1 WZ[c|i YedjWh|d Yed [b Wfeoe be]‡i# j_Ye Z[ Zei WcXkbWdY_Wi Z[ 7cXWje o ) l[^‡Ykbei YWdje# dWb[i" gk[ i[ kX_YWh|d [d bei i_j_ei Z[ cWoeh YedY[djhW# Y_ÂŒd jkh‡ij_YW$ 9WZW fhe\[i_edWb cƒZ_Ye" fWhWcƒZ_Yei" [if[Y_Wb_ijWi o h[iYWj[ feZh|d Xh_dZWh bW Wj[dY_ÂŒd [d bWi i_]k_[dj[i [i# f[Y_Wb_ZWZ[i0 Wj[dY_ÂŒd fh[^ei# f_jWbWh_W" fheXb[cWi YWhZ_W# Yei o h[if_hWjeh_ei" jhWkcWi" [c[h][dY_Wi cƒZ_YWi" ]‡d[Ye eXij[jh_Y_W" [djh[ ejhei$ ;b ef[hWj_le Z[ bW _dij_jk# Y_ÂŒd Ykbc_dWh| [b fhÂŒn_ce c_ƒhYeb[i / Z[ cWhpe W bWi '.0&&" feh be gk[ bW Yeb[Yj_l_# ZWZ fk[Z[ YedjWYjWhi[ W bWi kd_ZWZ[i Z[ Wfeoe [d YWie Z[ Wb]kdW [c[h][dY_W$
$ /. (Ĺ‹) , -Ĺ‹0# & -Ĺ‹ (Ĺ‹ ˜)9ed [b eX`[j_le Z[ Yedjh_Xk_h Yed [b Z[iWhhebbe ieY_e#[YedÂŒc_Ye o fheZkYj_le Z[ bW fhel_dY_W" [b =e# X_[hde Fhel_dY_Wb Z[ Jkd]khW^kW Yedj_dkW Yed bW Yedjh_XkY_ÂŒd [Ye# dÂŒc_YW fWhW [b c[`ehWc_[dje Z[ bWi l‡W o Wi‡ ikcWh cWi YWc_dei W bW H[Z L_Wb Z[ Jkd]khW^kW" Yed [b fhefÂŒi_je Z[ c[`ehWh bWi YedZ_# Y_ed[i Z[ l_ZW$ 7YjkWbc[dj[ i[ jhWXW`W [d bW YedijhkYY_ÂŒd Z[b WZegk_dWZe # [cf[ZhWZe Yed iki h[if[Yj_lWi Ykd[jWi o XehZ_bbei [d bWi l‡Wi Z[
Bb_]kW#Eie^kW_Ye Yed ($+ a_bŒc[# jhei o H‡e D[]he#BWi ;ijWdY_Wi [d *$+ a_bŒc[jhei$ FWhW (&'' i[ ^Wd Wi_]dWZe bei h[Ykhiei d[Y[iWh_ei fWhW jhWXW# `Wh [d [b c[`ehWc_[dje Z[ lWh_Wi l‡Wi Z[ bei Y[djhei fWhhegk_Wb[i Z[ 8W‹ei" Yece kdW Yedjh_XkY_Œd W bW Xk[dW _cW][d o ehdWje Z[ bei Z_\[h[dj[i i[Yjeh[i" gk[ feh ik fW_iW`[" Yb_cW W]hWZWXb[ o h_YW ]Wijhedec‡W" i[ ^Wd Yedl[hj_Ze [d bei fh[\[h_Zei Z[b jkh_ice fhe# l_dY_Wb" dWY_edWb" o [njhWd`[he$
ćĉ Ŋ }
2.-ĹŠ(-3#15#-(" 2ĹŠ +ĹŠ,.,#-3. /.1ĹŠ+ ĹŠ#-3(" "ĹŠ /1.5(-!( +Ä“ĹŠ
Ä“ĹŠ .2ĹŠ31 ).2ĹŠ04#ĹŠ2#ĹŠ1# +(9 -ĹŠ2#1;-ĹŠ/ 1 ĹŠ,#).1 1ĹŠ#+ĹŠ.1- 3.ĹŠ"#+ĹŠÄĽ/#" !(3.ĹŠ"#ĹŠ !(#+.ÄŚĹŠ"#ĹŠ 4-%41 '4 Ä“ĹŠĹŠ
ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ
Ä…
ĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
¥ ēŊ Ŋ#2!4#+ Ŋ"#Ŋ -9 Ŋ 1 "(!(.- +Ŋ"#Ŋ #5 ++.2ĔŊ,.231¢Ŋ4-Ŋ(,/1#Ĺ 2(.- -3#Ŋ"#2#-5.+5(,(#-3.Ŋ#2!_-(!.ē
6-ŋ ŋÞŋ'#&ŋ* ,-)( -ŋ (ŋ &ŋ ( / (.,)ŋ ( #()ŋ &ŋ )& &), ēŊ - Ŋ! 1 Ŋ$4#Ŋ/4#23 Ŋ#-Ŋ#+Ŋ14#".Ŋ"#Ŋ+ Ŋ 7/.$#1( ĔŊ/ 1 Ŋ#+Ŋ#-31#3#-(,(#-3.Ŋ"#Ŋ+.2Ŋ 2(23#-3#2ē
)3ŋÄ&.#')ŋ v ŋ ŋ & ŋ 2*) ,# ŋßúÝÝ
ĹŠ 2(23#-!( ĹŠ +ĹŠ #5#-3.ĹŠ$4#ĹŠ, 2(Äą 5 ĔŊ+.2ĹŠ!.,#1!( -Äą 3#2ĹŠ2#ĹŠ,4#231 -ĹŠ 2 3(2$#!'.2Ä“ĹŠ :[iZ[ Wo[h W bWi &/0&&" Y_[djei Z[ f[hiedWi _d]h[iWhed Wb 9[d# jhe Z[ ;nfei_Y_ed[i 7cXWje 9;7 ZedZ[ [ij| bW ;nfe\[# h_W (&''" gk[ ^W i_Ze YWb_Ă’YWZe Yece [b h[Y_dje \[h_Wb c|i Yec# fb[je Z[ bW Y_kZWZ" oW gk[ ^Wo [ifWY_ei Z[\_d_Zei fWhW YWZW i[YY_ÂŒd Z[ fheZkYjei gk[ Wbb‡ i[ Yec[hY_Wb_pWd$ CWkhe =kpc|d" c_[cXhe Z[ bW eh]Wd_pWY_ÂŒd Z[b [l[dje Yec[djÂŒ gk[ bW fh_dY_fWb Z_\[# h[dY_W Z[ [ijW \[h_W" [d YecfW# hWY_ÂŒd Yed W‹ei Wdj[h_eh[i" [i jejWb oW gk[ i[ ^W jhWXW`WZe [d kd ÂŒfj_cW Z_ijh_XkY_ÂŒd Z[ bei *& c_b c[jhei YkWZhWZei Z[b h[Y_dje$ 7djed_e L_bbW]h|d" fh[i_Z[d# j[ Z[b 9ediehY_e Z[ 9|cWhWi Z[ bW FheZkYY_ÂŒd Z[ Jkd]khW^kW" _dZ_YÂŒ gk[ bW WY[fjWY_ÂŒd Z[ Y_k# ZWZWd‡W W bW \[h_W ^W i_Ze cko Xk[dW o gk[ f[hc_j[ fheo[YjWh# bW Yece kdW Y_kZWZ fheZkYj_lW WZ[c|i Z[ eh]Wd_pWZW$ ;d\Wj_# pÂŒ bW _cfehjWdY_W Z[ kd_h W bei ]h[c_ei fheZkYj_lei Z[ Jkd]k# hW^kW$ /.13#ĹŠ,42(! +
7 fWhj_h Z[ bWi &/0)& Z[ Wo[h i[ h[Wb_pŒ [b YedYkhie _dj[hYeb[]_Wb Z[ c‘i_YW 7cXWje (&''" ZedZ[ fWhj_Y_fWhed W]hkfWY_ed[i Z[b
BWi W]hkfWY_ed[i Z[ ZWdpW \eb# YbÂŒh_YW Cki^kY yWd" ;iYk[bW Z[ :WdpW JhWZ_Y_edWb 9[lWbbei" :WdpWdZe J_[hhW" :[b[]WY_ÂŒd Whj‡ij_YW Z[ F[h‘" 8hWi_b o 8e# b_l_W ?dj_ HW_c_" ?dj_ >kWohW WZ[c|i Z[ bW [if[YjWYkbWh fWh# j_Y_fWY_ÂŒd cki_YWb \ebYbeh_YW Ăˆ@WoWYÉ" \k[hed fWhj[ Z[b )) [d# Yk[djhe WdZ_de Z[b <ebYbeh$ ;ijW WYj_l_ZWZ i[ h[Wb_pÂŒ Wo[h W fWhj_h Z[ bWi '&0&& [d [b 9eb_i[e Z[ :[fehj[i" o [ijkle eh]Wd_pWZe feh hWZ_e 8ed_jW$ 9Whc[d =WcXeW" ][h[dj[ Z[ bW c[dY_edWZW [c_iehW" _dZ_YÂŒ gk[ bW fh[i[djWY_ÂŒd \k[ ]hWjk_# jW o eh]Wd_pWZW Yece kd Wfehj[ W bW <_[ijW Z[ bW <hkjW o bWi <be# h[i <<< " XkiYWdZe h[iYWjWh kdW YkbjkhW fhef_W Z[ dk[ijhW j_[hhW$ <[hdWdZe CWh_‹e" Z_h[Yjeh Z[b fhe]hWcW <ebYbeh o YWdje bWj_deWc[h_YWde" Yec[djÂŒ gk[ fhecel[h bW YkbjkhW" [i [b fh_d# Y_fWb eX`[j_le Z[ bWi fh[i[djW# Y_ed[i Whj‡ij_YWi$ 7 [ij[ [l[dje Wi_ij_[hed c|i Z[ * c_b f[hie# dWi" gk_[d[i i[ [ceY_edWhed
Yed bWi Yeh[e]hW\‡Wi h[Wb_pWZWi feh c|i Z[ '+ ZWdpWdj[i [d [i# Y[dW feh YWZW W]hkfWY_Œd gk[ fWhj_Y_fŒ$
ēŊ .2Ŋ/ 13(!(/ -3#2Ŋ"#,Ĺ .231 1.-Ŋ4-Ŋ +3.Ŋ-(5#+Ŋ 13~23(!.ĔŊ+.Ŋ04#Ŋ +.2Ŋ'(9.Ŋ,#1#!#".1#2Ŋ Ŋ+.2Ŋ /+ 42.2Ŋ "#Ŋ+.2Ŋ/1#2#-3#ē
ēŊ Ŋ %14/ !(¢-Ŋ,42(! +Ŋ"#+Ŋ -23(343.Ŋ 4/#1(.1Ŋļ 4 8 04(+ČŊ2#Ŋ"#23 !¢Ŋ /.1Ŋ242Ŋ3.- " 2Ŋ$4#13#2Ŋ"#Ŋ # 58Ŋ,#3 +ē
9eb[]_e @kWd B[ÂŒd C[hW ĂˆBW IWbb[É" Kd_ZWZ ;ZkYWj_lW 7j[# dWi" ?dij_jkje Ikf[h_eh 8eb‡lWh" ?dij_jkje J[YdebÂŒ]_Ye Ikf[h_eh Ăˆ=kWoWgk_bÉ" 9eb[]_e ?dj[hdWY_e# dWb 7cXWje" 9eb[]_e C[deh ?d# ZeWcƒh_YW" 9eb[]_e FWhj_YkbWh ĂˆIWd 7b\edieÉ" BW ?dcWYkbWZW" 9eb[]_e J[YdebÂŒ]_Ye 7]hef[# YkWh_e Bk_i 7$ CWhj‡d[p [djh[ ejhei$
f‘Xb_Ye bei c[`eh[i [`[cfbWh[i lWYkdei Z[ bW hWpW >ebij[_d o @[hi[o" gk[ ied kiWZei fh_dY_# fWbc[dj[ fWhW bW fheZkYY_Œd b[Y^[hW$
7/.2(!(¢-Ŋ% - "#1
7 fWhj_h Z[ bWi '&0&& i[ h[W# b_pÂŒ bW [nfei_Y_ÂŒd Z[b ]WdWZe gk[ [ij| fWhj_Y_fWdZe fWhW [b YedYkhie Z[ bW ĂˆLWYW Ikfh[cWÉ" WZ[c|i Z[ YWXhWi fWhW bW Z_i# jhWYY_ÂŒd Z[b f‘Xb_Ye$ Kde Z[ bei Wd_cWb[i c|i WfbWkZ_Zei \k[ ĂˆP[kiÉ kd jehe c_d_WjkhW gk[ feh iki YWhWYj[# h‡ij_YWi be Z_\[h[dY_ÂŒ Z[b h[ije Z[ Wd_cWb[i$ JWcX_ƒd i[ ceijhWhed Wb
4!(.ĹŠ1# +(9 ĹŠ! ,/  Ŋ ÂĄ Ä“ĹŠ .2ĹŠ,#).1#2ĹŠ#)#,Äą /+ 1#2ĹŠ5 !4-.2ĹŠ"#ĹŠ+ ĹŠ1 9 ĹŠ .+23#(-ĔŊ $4#1.-ĹŠ/1#2#-3 ".2ĹŠ +ĹŠ/ĂŒ +(!.ĹŠ+4#%.ĹŠ "#ĹŠ2#1ĹŠ!4(" ".2 ,#-3#ĹŠ !(! + ".2Ä“
+ĹŠ!.1.-#+ĹŠ1#3(1 ".ĹŠ 4!(.ĹŠ 43(_11#9ĔŊ#7ĹŠ/1#2("#-3#ĹŠ"#ĹŠ+ ĹŠ #/ĂŒ +(! ĔŊ #-ĹŠ!.-)4-3.ĹŠ!.-ŊĉćŊ2#%4(".1#2ĹŠ,;2ĹŠ1#!.11(#1.-ĹŠ+ 2ĹŠ/1(-!(/ +#2ĹŠ ! ++#2ĹŠ8ĹŠ 5#-(" 2ĹŠ"#ĹŠ+ ĹŠ!(4" "ĹŠ 42! -".ĹŠ04#ĹŠ+ ĹŠ!(4" " -~ ĹŠ2#ĹŠ ă+(#ĹŠ ĹŠ24ĹŠ/ 13(".ĹŠ/.+~3(!.Ä“ĹŠ , (_-ĹŠ/1.,.5~ ĹŠ ĹŠ+.2ĹŠ , 3# .2ĹŠ/ 1 ĹŠ04#ĹŠ 5.3#-ĹŠ ĔŊ#-ĹŠ+ ĹŠ!.-24+3 ĹŠ/./4+ 1ĹŠ8ĹŠ1#$#1#-".ĹŠ/1./4#23.ĹŠ!.-ĹŠ#+ĹŠ . (#1-.ĹŠ #-31 +Ä“
#, )Ĺ‹ Ĺ‹& Ĺ‹ && Ĺ‹ (Ĺ‹& Ĺ‹ # -. Ĺ‹ ' . ˜
ĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ć
#!#- 2Ŋ"#Ŋ341(23 2Ŋ8Ŋ , 3# .2ĔŊ "(2$143 1.-Ŋ"#Ŋ+ 2Ŋ !1. !( 2Ŋ8Ŋ '4,.1Ŋ"#Ŋ_23.2Ŋ)¢5#-#2Ŋ04(3# .2ē
Ä“ĹŠ .2ĹŠ!'(!.2ĹŠ04#ĹŠ2.-ĹŠ/ 13#ĹŠ"#+ĹŠ%14/.ĹŠ5 -ĹŠ"#ĹŠÄˆÄ‘ĹŠ ŊĉĉŊ  .2Ä“
ēŊ Ŋ' (+(" "Ŋ"#Ŋ+.2Ŋ)¢5#-#2Ŋ!.-Ŋ+ 2Ŋ!+ 5 2ĔŊ#-! -3¢Ŋ Ŋ+ Ŋ%#-3#ē
¥ ēŊ 2Ŋ !1. !( 2Ŋ"#Ŋ+.2Ŋ)¢5#-#2ĔŊ 2423 1.-Ŋ8Ŋ +Ŋ,(2,.Ŋ3(#,/.Ŋ#-! -3 1.-Ŋ Ŋ+.2Ŋ/1#2#-3#2ē
Ä“ĹŠ +ĹŠ/ĂŒ +(!.ĹŠ3 , (_-ĹŠ(-3#1 !3ĂŒ ĹŠ!.-ĹŠ#+ĹŠ%14/.ĹŠ#-ĹŠ! " ĹŠ4- ĹŠ"#ĹŠ242ĹŠ/1#2#-3 !(.-#2Ä“
;ceY_ed[i o Z_l[hi_ÂŒd jejWb" i[ jW o Z[ bWi <beh[i <<< $ xij[ [i kd ]hkfe gk_j[# l_l_ÂŒ bW deY^[ Z[b fWiWZe ‹e gk[ bb[]ÂŒ feh fh_c[hW Zec_d]e [d [b Ă›]ehW 9WiW l[p W bWi Ă’ [ijWi W fheXWh Z[b FehjWb" Yed bW fh[i[d# ĹŠ ik[hj[ o ieXh[ jeZe fWhW jWY_ÂŒd Z[b ]hkfe Ăˆ9^WbkfW 9_hYkiÉ" ZedZ[ bWi WYheXW# 2ĹŠ!+ 5 2ĔŊ2.-ĹŠ ^WY[h Z_l[hj_h W bW ][dj[ +.2ĹŠ, 3#1( +#2ĹŠ"#ĹŠ Y_Wi o bWi ^WX_b_ZWZ[i ]_c# 4- ĹŠ#2314!341 ĹŠ Yed ejhe j_fe Z[ [ceY_e# d[i$ d|ij_YWi Z[ Y_dYe `ÂŒl[d[i" 24 5#ĹŠ8ĹŠ + 1% " ĹŠ #-ĹŠ24ĹŠ/ 13#ĹŠ/.2Äą 9h_ij_Wd DW_]kW Z[ (& ^_Y_[hed iedh[‡h W Z[Y[dWi 3#1(.1ĹŠ04#ĹŠ2(15#ĹŠ Äą W‹ei" [i [b [dYWh]WZe Z[ Z[ WcXWj[‹ei o jkh_ijWi / 1 ĹŠ+.2ĹŠ, + 1#2Ä“ Z_h_]_h o bb[lWh WZ[bWdj[ gk[ bb[]Whed ^WijW [b i_j_e bei i^em gk[ Xh_dZW$ fWhW eXi[hlWh Wb]e Z_\[# ÆDeiejhei bb[]Wcei Z[iZ[ h[dj[ [d [ijW Y[b[XhWY_ÂŒd Z[ bW [Z_Y_ÂŒd ,& Z[ bW <_[ijW Z[ bW <hk# Gk_je fWhW jhWXW`Wh o [djh[]Whed
dk[ijhe Whj[ W bei WcXWj[‹ei$ Bb[lWcei YkWjhe W‹ei h[Wb_pWd# Ze [ij[ j_fe Z[ [nfh[i_ed[i" gk[ ]kijWd o [dYWdjWd W jeZeiÇ" Z_`e$ 7fWhj[ Z[ h[Wb_pWh Y_hYe Z[ YWbb[" jWcX_ƒd ied [nf[hjei [d Whj[ Yedj[cfeh|d[e" gk[ [i X_[d l_ije o [ij_b_pWZe [d [b j[cW Z[ bW YkbjkhW$ Be [djh[j[d_Ze Z[ iki fh[i[d# jWY_ed[i" [i [d [b cec[dje [d gk[ _dj[hWYj‘Wd Yed [b f‘Xb_Ye fh[i[dj[" gk[ YebWXehWd Yed ƒij[ j_fe Z[ Whj[i$
ēŊ Ŋ'4Ĺ ,(+" "Ŋ8Ŋ#+Ŋ3 +#-3.Ŋ 04#Ŋ/.2##Ŋ#23 Ŋ %14/ !(¢-Ŋ#2Ŋ4- Ŋ "#Ŋ242Ŋ! 1 !3#1~23(Ĺ ! 2Ŋ/1(-!(/ +#2ē
§ ć 0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ŋ5#1" "#1 Ŋ #-%;-".2#ĔŊ ,(23 "Ŋ++#Ĺ 4-.Ŋ2#Ŋ(%4 + Ŋ % Ŋ!4 -".Ŋ#+Ŋ Ŋ24Ŋ#-#,(%.ėŊ 2(+#-!(.Ŋ#-31#Ŋ".2Ŋ /#1".-;-".+.ĔŊ / 1#!#Ŋ ,#-.Ģē 2#Ŋ,4#231 Ŋ 24/#1(.1Ŋ Ŋ_+Ģē Ŋ Ŋ Ŋ Ŋ Ŋ
Ĺ?ĉĹ?Ĺ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ä #' (+(3 !(¢-Ä&#x;
Bei fheo[Yjei Z[ h[\ehcW W bWi X[dƒlebWi b[o[i f[dWb[i cWh# Y^Wd jWd fWhi_ced_eiei" gk[ W bW Z[b_dYk[dY_W d_ i_gk_[hW b[ fh[eYkfW bWi Yedi[Yk[dY_Wi Z[ iki WYjei$ Bei Z[b_jei ied YWZW l[p c|i iWd]h_[djei o Wb[leiei" jhWifWiWdZe [b b‡c_j[ Z[ bW dWjkhWb[pW ^kcWdW o YWo[dZe [d bWi c|i WXec_dW# Xb[i YeijkcXh[i iWblW`[i$ ;ijW l[p de ckh_ÂŒ kd d_‹e" c_bW# ]heiWc[dj[" f[he ik fWZh[ de Yehh_ÂŒ Yed bW c_icW ik[hj[" \k[ cWY^[j[WZe o Z[iYkWhj_pWZe [d ik fh[i[dY_W$ FWhW gk_[d[i de Yh[[d [d bei c_bW]hei" [b ^[Y^e Z[ gk[ [ij[ d_‹e ^WoW ieXh[l_l_Ze [i kdW _dd[]WXb[ ck[ijhW Z[ gk[ [n_ij[d1 f[he" c|i Wbb| Z[ Yh[[h e de" [i Z[# b_YWZW bW iWbkZ fi_YebÂŒ]_YW Z[ [ij[ c[deh Z[ [ZWZ" Wgk[bbWi iWd]h_[djWi _c|][d[i gk[ gk[# ZWhed ]hWXWZWi [d ik Y[h[Xhe cWhYWhed Z[Ă’d_j_lWc[dj[ ik l_ZW$ ;b [dZkh[Y_c_[dje Z[ f[# dWi [i kh][dj[$ FWhW bei gk[ i[ efed[d" ÂľYh[[d gk[ [ijWi Æf[h# iedWiÇ fk[Z[d h[^WX_b_jWhi[ o h[_di[hjWhi[ [d bW ieY_[ZWZ5 (-(!(.ĹŠ .11#2ĹŠ + 9 1ĹŠ Ä–ĹŠÄˆÄ?ĈĉĊÄ?Ä’Ä?Ä’ÄˆĹŠ
.-ĹŠ/(#2ĹŠ"#ĹŠĹŠ 11.
9edijhk_h Y_kZWZWd‡W [i fhe# cel[h kdW _cW][d [if[Y‡ÒYW Z[ i‡ c_icei o Z[ iki fWh[i" Yece fehjWZeh[i Z[ Z[h[Y^ei o h[ifediWX_b_ZWZ[i$ ;ie XkiYW# XW bW 9edij_jkY_ÂŒd Z[ Cedj[# Yh_ij_" f[he eYkhh_ÂŒ kd Z[il‡e o [b YWcX_e fheo[YjWZe fk[Z[ f[hZ[h i_]d_Ă’YWY_ÂŒd o" [djedY[i" Yehh[d [b h_[i]e Z[ \kdY_edWh Yece Ăˆ]_]Wdj[ Yed f_[i Z[ XWhheÉ Z[ij_dWZe W de iefehjWh bW \WbjW Z[ Wfeoe Y_kZWZWde$ ;iWi ied bWi \eX_Wi Z[ 9ehh[W$ ;ijW Wki[dY_W Z[ YedijhkYY_ÂŒd Y_kZWZWdW bW ikfb[ Yed ik b_Z[hWp]e [b[YjehWb c[Z_|j_Ye gk[ dk[lWc[dj[ i[h| [lWbkWZe [d bW YedikbjW#h[\[h[dZe \h[dj[ W kdW efei_Y_ÂŒd i_d b_Z[hWp]ei" Yed bW fWhj_Y_fWY_ÂŒd o ikh]_# c_[dje Z[ Y_[hjWi [if[Y_[i Z[ `[gk[i e h[pW]ei Z[ fWhj_Zei feb‡j_Yei [d [ijWZe Z[ [nj_dY_ÂŒd e _di[fkbjei$ -4#+ĹŠ .22.ĹŠ 4,;11 % Ä“ Ä–ĹŠÄˆÄ‡Ä‡Ä‡ÄŽÄ’ÄŠÄˆÄ?ĹžÄ? 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#+_$.-.ĹŠÄ¸Äƒ).ĚėŊ"(1#!!(¢-ĹŠ".,(!(+( 1( ĹŠ .ĹŠ"#ĹŠ31 ).ĹŠ8ĹŠ!.11#.ĹŠ#+#!31¢-(!.Ä“
™ Ĺ‹ Ĺ‹ Ĺ‹ D_ bW h[lebkY_ÂŒd Y_kZWZWdW Yed ik fheYbWcWZW lebkdjWZ Z[ _h ^WY_W YWcX_ei hWZ_YWb[i [d [b fW‡i" d_ bWi _dl[hi_ed[i YkWdj_eiWi [d [ZkYWY_ÂŒd o iWbkZ" d_ bW 9edij_jkY_ÂŒd o bWi b[o[i Z[ bei ‘bj_# cei j_[cfei" ^Wd c[`ehWZe fWbfWXb[c[dj[ bW i_jkWY_ÂŒd Z[ bW ck`[h [YkWjeh_WdW$ 7i‡ be Z_Y[d bei ‘bj_cei ZWjei WfehjWZei feh [b ?D;9$ ;d [\[Yje" dk[ijhWi ck`[h[i h[]_ijhWd kd _d]h[ie fhec[Z_e Z[ (+-"-+ ZÂŒbWh[i c[dikW# b[i \h[dj[ W bei ).,"' ZÂŒbWh[i Z[ bei ^ecXh[i" [i Z[Y_h" '(/")+ ZÂŒbWh[i c[dei$ ;b ))"* Z[ bWi ck`[h[i [d [ZWZ bWXehWb j_[d[d [cfb[e o [b +)". Z[ ^ecXh[i i‡ be j_[d[d$ =kWoWi o F_Y^_dY^W ied bWi fhel_dY_Wi Yed cWoeh feh# Y[djW`[ Z[ ck`[h[i [cfb[WZWi Yed ('"., o (&",( " h[if[Yj_lWc[dj[$ Fh[Y_iW [b ?D;9" WZ[c|i" gk[ ÆZ[b jejWb Z[ ck`[h[i Yed [cfb[e" [b . ied `[\[i Z[ ^e]Wh" [b *&"*- Z[ [bbWi
^ ĹŠ ĹŠ
,# Ĺ‹ Ĺ‹ , .#$ 9kWdZe i[ fkXb_gk[d [ijWi fWbW# XhWi gk[ i[ [iYh_X[d [d Zec_d]e [d c[Z_e Z[b \h[dƒj_Ye o YWdi_de hkceh Z[ kdW c‘i_YW W`[dW W dk[i# jhW hWpÂŒd" [b Xkbb_Y_e Z[ bW i[nW]ƒi_# cW [Z_Y_ÂŒd Z[ bW <_[ijW Z[ bW <hkjW o Z[ bWi <beh[i jeYWh| bei h[ZeXb[i Z[ bW W]ed‡W" bW Y_kZWZ feYe W feYe i[ Wfh[ijWh| W lebl[h W bW YWbcW kikWb Z[ ik jh|\W]e Yej_Z_Wde" iki ^WX_jWdj[i f[diWh|d [d [b [nf_Wh YkbfWi fW]WdWi o fh[fWhWh|d ik YedY_[dY_W fWhW WYkZ_h W bW Y[d_pW
jhWXW`W feh Yk[djW fhef_W" i_[dZe [b i[Yjeh Z[b Yec[hY_e [b gk[ h[]_ijhW cWoeh d‘c[he Z[ ck`[h[i [cfb[WZWi Yed [b (-"' Ç o gk[ [b (*"( Z[ bWi ck`[h[i gk[ ied `[\Wi Z[ ^e]Wh i[ [dYk[djhWd [d [b gk_dj_b + i[Yjeh Z[ bW feXbW# Y_ÂŒd Yed cWoeh[i _d]h[iei " c_[djhWi [b '+", i[ [dYk[djhW [d [b gk_dj_b ' i[Yjeh Z[ bW feXbW# Y_ÂŒd Yed c[deh[i _d]h[iei Ç$ ;d YkWdje W bW [ZkYWY_ÂŒd" Z_Y[ [b _d\ehc[ Z[b ?dij_jkje gk[ Æ[b ')"- Z[ bWi ck`[h[i j_[d[ [ZkYWY_ÂŒd ikf[h_eh" [b &"+ feij ]hWZe" c_[djhWi [b cWoeh fehY[djW`[ Z[ ck`[h[i j_[d[ i[YkdZWh_W Yed [b ))"+ Ç$ FWh[Y[ gk[ lW i_[dZe ^ehW gk[ Z[djhe Z[ bW h[lebkY_ÂŒd Y_kZWZWdW Wb]k_[d [cfh[dZW ejhW h[lebkY_ÂŒd W \Wleh Z[ bW _dj[]hWY_ÂŒd fb[dW Z[ bW ck`[h W bW ieY_[ZWZ" fehgk[ feh c|i gk[ i[ fheYbWc[ gk[ i‡ eYkhh[" W‘d [ij| feh l[hi[$
Z[b c_ƒhYeb[i feij[h_eh Wb YWhdWlWb1 i[ fh[fWhWh|d bei Yehh_bbei [d bWi j[hjkb_Wi Z[ bei YW\ƒi o bWi Yedl[h# iWY_ed[i [d bWi e\_Y_dWi f‘Xb_YWi o fh_lWZWi fWhW _dkdZWh Z[ Yec[d# jWh_ei" Wd|b_i_i o Yed`[jkhWi Z[ be Xk[de o be cWbe Z[ [ijW <_[ijW gk[ f[hl_l[ o i[ ieij_[d[" c|i feh ik WhhW_]WZW jhWZ_Y_ÂŒd [d bW YedijWd# j[ fWi_ÂŒd Z[b WcXWj[‹e" Wdj[i gk[ feh [b _cW]_dWj_le Z[iWhhebbe gk[ WdkWbc[dj[ Z[ [bbW [if[hWcei$ Âľ>WY[ gk[ j_[cfe [ijW fWhj_# YkbWh ƒ]be]W Wb jhWXW`e o W bW Yedi# jWdY_W Z[b ^ecXh[ Z[ 7cXWje o Jkd]khW^kW" Z[`ÂŒ Z[ i[h Æ<[h_WÇ Yece _d_Y_Wbc[dj[ i[ bW YedY_X_ÂŒ" Z_i[‹e o [`[YkjÂŒ" fWhW Yedl[hj_hi[ [d bW \_[ijW Z[ ^eo51 [b YedY[fje Z[ Æ<[h_WÇ [ij| c|i b_]WZe Wb [if‡h_jk Z[b ^WX_jWdj[ Z[ [ijW fWhj[ Z[b FW‡i1 bW <[h_W [i bW gk[ dei Yed]h[]W" dei _cfkbiW" dei _Z[dj_\_YW$ ;d Xk[dW ^ehW gk[ ik decXh[ [ _dj[dY_ÂŒd ^WoW jheYWZe" feh gk[ [d [ij[ W‹e
i[ ^W eh]Wd_pWZe kdW Æ\WceiWÇ \[h_W gk[ fh[j[dZ‡W c[ _cW]_de [nfed[h be c[`eh Z[ bW fheZkYY_ÂŒd Whj[iWdWb [ _dZkijh_Wb Z[ dk[ijhW Y_kZWZ" Wif_hWXW ikfed]e fh[# i[djWh bei c[`eh[i [i\k[hpei Z[b Yec[hY_e Z[ dk[ijhWi [cfh[iWi o" iWble be [nfk[ije feh YedjWZWi [dj_ZWZ[i Z[ bW beYWb_ZWZ" [b h[ije Z[ be gk[ i[ [nfed[ [d [b _dYece# Ze h[Y_dje Z[ F_YW_^kW" [i W`[de W bW fheZkYY_ÂŒd [ _d_Y_Wj_lW beYWb" [i [b Y‘ckbe Z[ XWhWj_`Wi o WZ[\[i_ei Yed bei gk[ i[ fh[j[dZ[ iWj_i\WY[h bW Ykh_ei_ZWZ Z[b l_i_jWdj[$ ;ie gk[ i[ ^W [nfk[ije de dei _Z[dj_\_YW" [i jWd iebe bW \_[ijW Z[b d[]eY_e W`[de" de dk[ijhW \[h_W Z[ Xk[dWi o fhe# c_ieh_Wi _dj[di_ed[i$ Feh h[if[je W bW Y_kZWZ" W iki Æ\_[ijWiÇ" W ik ][dj[" i[ Z[X[ YWb_# \_YWh be gk[ i[ lW W [nfed[h" be gk[ i[ fh[j[dZ[ fh[i[djWh o e\[hjWh$ ;l‡j[ddei [iYkY^Wh WZ`[j_lei YWb_# \_YWj_lei l[h]edpeiei$
ĹŠ
)(-.#./ #š(Ĺ‹ 3Ĺ‹*&/, &#-')Ĺ‹ 7 fWhj_h Z[ bW 9edij_jkY_ÂŒd Z[ 9WdWZ| Z[ '/.(" i[ _d_Y_W jeZe kd ^eh_pedj[ Yedij_jkY_edWb fbkhWb_ijW Z[ bei ;ijWZei" ZWdZe Yece h[ikb# jWZe kdW [c[h][dY_W ckbj_Ykbjk# hWb$ 9ece fh_c[hW [jWfW i[ ZW [d =kWj[cWbW '/.+" D_YWhW]kW '/.- o 8hWi_b '/.." [i Wgk‡ [d ZedZ[ i[ Yk[ij_edW bW cedeYkbjkhWb_# ZWZ o bW _cfei_Y_ÂŒd Z[ bei ]hkfei Z[ feZ[h [d Z_\[h[dj[i [ifWY_ei ieY_Wb[i" XkiYWdZe _Z[dj_\_YWh bW _Z[dj_ZWZ Z[b ;ijWZe#DWY_ÂŒd" o Wb ^WX[h i_Ze WY[fjWZe [ij[ YWh|Yj[h Yedij_jkY_edWb_ijW ckbj_YkbjkhWb dei bb[lW W kdW i[]kdZW [jWfW gk[ [i [b h[YedeY_c_[dje Z[ bei i_ij[cWi `kh‡Z_Yei Z|dZei[ [d 9ebecX_W '//'" Cƒn_Ye o F[h‘ [d '//)" 8eb_l_W '//*" ;YkWZeh '//." L[d[pk[bW '///" Z[ _]kWb cWd[# hW i[ Yk[ij_edW lWh_ei fheY[iei [djh[ [bbei bW _Z[dj_ZWZ Z[b ;ijWZe# :[h[Y^e o [b ced_ice `kh‡Z_Ye" [d ZedZ[ ckY^ei ]hkfei ieY_Wb[i [cf_[pWd W [n_]_h iki Z[h[Y^ei o b_X[hjWZ[i feb‡j_YWi Wb j_[cfe gk[ i[ [n_][ [b h[YedeY_c_[dje ckdZ_Wb Z[ _Z[dj_ZWZ[i o YkbjkhWi gk[ \k[# hed WXiehX_ZWi feh bei ]eX_[hdei _cf[hWdj[i Z[b cec[dje" j[d_[dZe Yece h[ikbjWZe bW Yh[WY_ÂŒd Z[ bei Z_\[h[dj[i jhWjWZei" fWYjei o Yedl[# d_ei ?dj[hdWY_edWb[i" [djh[ [bbei" [b 9edl[d_e De$',/ Z[ bW E?J Z[ '/./" ZWdZe fWie W kdW j[hY[hW [jWfW gk[ [i bW WfheXWY_ÂŒd Z[ bW :[YbWhWY_ÂŒd Z[ bWi DWY_ed[i Kd_ZWi ieXh[ bei Z[h[Y^ei Z[ bei fk[Xbei _dZ‡][dWi (&&- " [ije" \k[ h[YedeY_Ze feh Zei Yedij_jkY_ed[i WdZ_dWi Yece ied ;YkWZeh [d [b (&&. o 8eb_l_W [d [b (&&/" Z[\_d_[dZe Wb ;ijWZe Yece fbkh_dWY_edWb o W\_hc|dZei[ [b fh_dY_f_e X|i_Ye Z[b fbkhWb_ice `kh‡Z_Ye _]kWb_jWh_e" [ije fehgk[" [b f[diWc_[dje WdZ_de ^W ^[Y^e gk[ bei ;ijWZei BWj_deWc[h_YWdei Yebed_Wb_ijWi de i_]Wd ZWdZe bW [ifWbZW W bei fk[Xbei eh_]_dWh_ei$ ;ij[ h[YedeY_c_[dje ^W ^[Y^e gk[ i[ YedepYWd W Z_\[h[dj[i YkbjkhWi gk[ ^Wd f[hcWd[Y_Ze o i[ ^Wd cWdj[d_Ze [d [b j_[cfe f[he gk[ \k[hed eYkbjWi o cWh]_dWZWi feh bei ;ijWZei Ă„ DWY_ÂŒd Yh[WZei feh kd Yebed_Wb_ice ced_ijW$
1#2("#-3#ĹŠ !(.- + ĹŠ ĹŠ } (1#!3.1 ĹŠ ĹŠ
"(3.1 ĹŠ #-#1 +
ĹŠ ÂĄ ĹŠ "(3.1ĹŠ #%(.- + ĹŠ "(#/.! ĹŠ Ä“ Ä“ (1#!!(¢-Ä–ĹŠ 4(3.ĹŠÄ‡Ä‰ÄąÄŒÄŽĹŠ#-31#ĹŠ .! $4#13#ĹŠ8ĹŠ .+~5 1 #+_$.-.2Ä–ĹŠĹŠÄ‰ÄŒÄ‰ÄąÄˆÄ?ÄŠÄ‡ĹŠÄľĹŠÄ‰ÄŒÄ‰ÄąÄˆÄ?ÄŠÄˆĹŠÄľ Ä‰ÄŒÄ‰ÄąÄ‰ÄŒÄ‡Ä’ĹŠÄľĹŠÄ‰ÄŒÄ‰ÄąÄ‡ÄŽÄ‰Ä’ĹŠÄľĹŠÄ‰ÄŒÄ‰Ä‡ÄˆÄ’Ä? 7Ä–ĹŠĹŠÄ‰ÄŒÄ‰ÄąÄ‡ÄˆÄ’Ä? 4 +(!(" "Ä–ĹŠÄ‰ÄŒÄ‰Ä‡ÄˆÄ‘ÄŒ 42!1(/!(.-#2Ä–ĹŠÄ‰ÄŒÄ‰ÄąÄˆÄ?ÄŠÄ‡ĹŠÄľĹŠÄ‰ÄŒÄ‰ÄąÄˆÄ?ÄŠÄˆĹŠ , (+Ä–ĹŠ , 3.Äž+ '.1 Ä“!.,Ä“#!  .Ä–ĹŠ ĹŠ .Ä“ĹŠÄ?ĊĊĉ
666ē+ '.1 ē!.,ē#! 23 Ŋ2#!!(¢-Ŋ1#/1#2#-3 Ŋ#+Ŋ/#-Ĺ2 ,(#-3.Ŋ"#Ŋ+.2Ŋ#"(3.1#2ēŊ .2Ŋ#2!1(3.2Ŋ "#Ŋ+.2Ŋ!.+ .1 ".1#2Ŋ2.+.Ŋ!.,/1.,#3#-Ŋ Ŋ242Ŋ 43.1#2Ŋ8Ŋ-.ŊŊ1#Ą#) -Ŋ -#!#2 1( ,#-3#Ŋ#+Ŋ/#-2 Ĺ,(#-3.Ŋ"#+Ŋ/#1(¢"(!.ē
Ĺ‹)*)( (Ĺ‹ Ĺ‹ "# ,) &Z .,# 2ĹŠ 43.1(" "#2ĹŠ ,4-(!(/ +#2ĹŠ"#ĹŠ Â .2ĹŠ2#ĹŠ/1#.!4Äą / -ĹŠ#-ĹŠ+ 2ĹŠ$4341 2ĹŠ %#-#1 !(.-#2Ä“
gk[ bW Z[Y_i_ÂŒd Z[ f[hc_j_h bW _di# jWbWY_ÂŒd o YedijhkYY_ÂŒd Z[ c|i Y[djhWb[i de Yehh[ifedZ[ W i_[j[ YedY[`Wb[i dWZW c|i" i_de W jeZe [b fk[Xbe XWd[‹e o jkd]khW^k[d# i[" ÆZ[X_Ze W gk[ [b fW‡i i[ X[d[Ă’ # Y_W W Yeij_bbW Z[ ejheiÇ" h[YWbYÂŒ$ 7i[l[hÂŒ gk[ i[]k_h WfeoWdZe W gk[ [n_ijWd c|i Y[djhWb[i ^_Zhe# [bƒYjh_YWi [i bW c|i ]hWdZ[ _hh[i# Â&#x; Ä“ C[Z_Wdj[ i[i_ÂŒd Z[ 9edY[# fediWX_b_ZWZ" Z[X_Ze W gk[ i[h‡Wd `e" bWi Wkjeh_ZWZ[i Z[b Ckd_Y_f_e bei YedY[`Wb[i Z[ ^eo bei gk[ j[d# Z[ 8W‹ei Z[Ă’ d_[hed [b `k[l[i (* ]Wd gk[ W]WY^Wh bW YWX[pW Wdj[ bWi Z[ \[Xh[he ik efei_Y_ÂŒd [d jehde \kjkhWi ][d[hWY_ed[i" Z[X_Ze W W bW YedijhkYY_ÂŒd Z[ dk[lWi Y[d# gk[ fh[lWb[Y[ iebe kd _dj[hƒi [Ye# jhWb[i ^_Zhe[bƒYjh_YWi [d [iW `kh_i# dÂŒc_Ye Z[ feh c[Z_e$ Bk[]e Z[ [bbe" jeZei bei YedY[# Z_YY_ÂŒd$ :[ [ij[ ceZe" bW WYjkWb WZc_# `Wb[i Xh_dZWhed ik Wfeoe _dYed# d_ijhWY_ÂŒd ckd_Y_fWb c[dY_edÂŒ Z_Y_edWb ^WY_W [ijW Z[Y_i_ÂŒd o h[i# fWbZWhed kd|d_c[c[dj[ gk[ de f[hc_j_h|d gk[ i[ bW ceY_ÂŒd$ YedijhkoWd c|i Y[djhWb[i" >k]e F_d[ZW" WbYWbZ[ o [nfbej[d [b c[Z_e Wc# ^ X_[dj[ fWhW ][d[hWh c|i 7(23#-ĹŠ#-ĹŠ#23 ĹŠ+.! +(Äą Z[b YWdjÂŒd" ceijhÂŒ iWj_i\WY# " " Y_ÂŒd Wdj[ [ijW h[iebkY_ÂŒd o h[Ykhiei [YedÂŒc_Yei$ i[ ikcÂŒ W bei Yh_j[h_ei Z[ @eiƒ Bk_i <h[_h[" YedY[# bei YedY[`Wb[i" h[Y_X_[dZe `Wb" \k[ [b fh_c[he [d ZWh ik efei_Y_ÂŒd ieXh[ [ij[ j[cW o Wh]k# Wi‡ ck[ijhWi Z[ ]hWj_jkZ o Z[ h[i# c[djÂŒ ik fei_Y_ÂŒd ^WijW ]WdWhi[ f[je Z[ bW Y_kZWZWd‡W gk[ Wi_ij_ÂŒ W bW i[i_ÂŒd$ [b Wfeoe Z[ bei Z[c|i YedY[`Wb[i$ :khWdj[ ik Z_iYkhie ieijkle
ĉŊ
ÂĄ Ä“ĹŠ #%ĂŒ-ĹŠ+.2ĹŠ!.-!#) +#2ĹŠ /.8 1ĹŠ#23 2ĹŠ!.-2314!!(.-#2ĹŠ#2ĹŠ4- ĹŠ(11#2/.-Äą 2 (+(" "Ä—ĹŠ#2.ĹŠ ).ĹŠ#+ĹŠ!.-!#/3.ĹŠ"#ĹŠ!4(" 1ĹŠ+ ĹŠ- 341 +#9 ĹŠ"#+ĹŠ! -3¢-Ä“
>L<N>E: => ?HKF:<BHG => LHE=:=HL
O>G<>=HK>L =>E <>G>I:
15"'$*"' #$ 6 ,.+! . $( $3 )$*
.$%$.$*0$)$*0$ 6 2 $"$,"';* #$ " .,$0 / & /0 #$ ) .4+
5"'* #$ ($*0+ 1) *+ /%+./$ 4 )! /$"0+. $( '/-1$ )
/,-&,
1 (-1'$. #$ (+/ #+/ :01(+/
97 6
8 8 6
Ĺ?ĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ĉ
ĉ
ĉŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
ąŋ ŋ ŋ ŋ ŋ
} ēũ -.2ũ3#)#".1 2ũ8ũ#,/1#-"#".1 2ũ2#ũ/4#"#-ũ#-!.-31 1ũ#-ũ + 2 ! Ĕũ ũ,#-.2ũ"#ũ2(#3#ũ,(-43.2ũ"#ũ #+(+#.ē
23#ũ! -3¢-ũ#23;ũ4 (! ".ũ#-ũ#+ũ.1(#-3#ũ"#ũ+ ũ1#%(¢-ũ!#-31 +ũ#!4 3.1( - Ĕũ ũĈĒĔĐũ*(+¢,#31.2ũ"#ũ+ ũ!(4" "ũ "#ũ , 3.ũ8ũ ũĈĎĊũ*(+¢,#31.2ũ"#ũ+ ũ! /(3 +ũ 4(3.ũ8ũ#2ũ#+ũ/1(-!(/ +ũ /.13#ũ(-"4231( +ũ"#ũ+ ũ/1.5(-!( ē + 2 ! Ĕũ +ũ , .Ĕũ .3 +¢ũ8ũ 4 , +¢ũ2.-ũ2#!3.1#2ũ-#3 ,#-3#ũ/1."4!3(5.2ũ#ũ(-5(3 -ũ ũ+.2ũ341(23 2ũ ũ 04#ũ+.2ũ5(2(3#-ēũ ēũ +ũ .,/+#).ũ 41~23(!.ũ ũ .8 ũ1#!( #ũ ũ,;2ũ"#ũĊććũ5(2(3 -3#2ũ! " ũă-ũ"#ũ2#, - ũ8ũ#23;ũ ũ1#,."#+ ".ũ+4#%.ũ"#ũ,;2ũ"#ũĈĎũ .2ũ"#ũ' #1ũ 2(".ũ!.-2314(".ē
¡ ēũ .2ũ)# -2ũ#23;-ũ2(34 ".2ũ#-ũ#+ũ2#!3.1ũ +ũ , .Ĕũ ũ/1#!(.2ũ #!.-¢,(!.2ē
ēũ 2/ !(.2ũ5#1"#2Ĕũ )4#%.2ũ"#ũ-( .2Ĕũ + %4- ũ!.-ũ .3#2ũ 8ũ! 2ũ2#ũ/4ı #"#-ũ#-!.-31 1ũ#-ũ + ũ .8 Ĕũ4 (! ".ũ #-ũ#+ũ2#!3.1ũ #+(+#.ũ 1 -"#ē
-ũ,#1#!(".ũ '.,#- )#
(1#ũ242ũ$.3.2ũ#-Ė 666ē+ '.1 ē!.,ē#!
ĉŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
Ċ
&)'Zŋ ,v(ąŋ, #( ŋ ŋ& ŋ '*, - ŋ Ä &# ŋ '*, - ŋ /Ě (# #* &ŋ ŋ !/ ŋ ). & ŋ3ŋ & (. ,#&& )ŋ ŋ ' .)ŋĢ Ě Ě ģąŋ, # # ŋ/(ŋ' , # )ŋ")' ( $ ŋ*),ŋ-/ŋ -. Ě ŋ* ,.# #* # (ŋ (ŋ &ŋ ,. ' (ŋ ŋ #( ŋ ŋ ' .)Ąŋ -. ŋ 0 (.)ŋ- ŋ,  ŋ (ŋ &ŋ / #.),#)ŋ ŋ -. ŋ (.# Ą
$ #+ũ +".- ".Ĕũ%#1#-3#ũ"#ũ+ ũ#-3(" "ėũ +.,_ũ 1~-Ĕũ2# .1(3 ũ 31.- 3.ũ 1.5(-!( +ėũ8ũ 4 -ũ # +Ĕũ!.+ .1 ".1ũ"#ũ+ ũ #,/1#2 Ĕũ/1#2("(#1.-ũ#23#ũ(,/.13 -3#ũ#5#-3.ē (3 ũ #"(- Ĕũ ¢-(! ũ Ì #9Ĕũ 23#$ -~ ũ 1~-Ĕũ /.+#¢-ũ 1~-ũ8ũ -"1_2ũ #+ 2ı 3#%4~Ĕũ$ ,(+( 1#2ũ"#ũ+ ũ #++ ũ2. #1 - ũ04#ũ+ ũ !.,/ 1.-ũ#-ũ#23#ũ !3.ē
1+.2ũ (5#1 Ĕũ (+5( ũ (++ !~2ũ8ũ #+2.-ũ 4 , -04(2/#Ĕũ2.-ũ+.2ũ .-!#) +#2ũ04#ũ 2(23(#1.-ũ ũ#23#ũ#5#-3.ē
/,-&)
#1- -" ũ (++ $4#13#Ĕũ +#) -"1 ũ ';5#9Ĕũ 1 !(#+ ũ #1-;-"#9Ĕũ #!(+( ũ 1 ,(++.ũ 8ũ (+(ũ , . ũ!.+ .1 ".1 2ũ"#ũ+ ũ#,/1#2 ũ04#ũ$#+(!(3 1.-ũ ũ +.,_ũ/.1ũ24ũ +.%1.ē
ũ%4 / ũ +.,_ũ 1~-ũ#2ũ+ ũ2# .1(ı 3 ũ 31.- 3.ũ 4-(!(/ +ũ04#ũ3(#-#ũ 4- ũ 1"4 ũ+ .1ũ2.!( +ũ/.1ũ"#+ -3#ē
-!8ũ (!.Ĕũ 1,#-ũ (++¢-Ĕũ -!8ũ +(- 2Ĕũ + -2'8ũ 13#% Ĕũ #--8ũ ( .1ũ8ũ
!04#ũ , . ũ31 ) ".1 2ũ"#ũ ı ı ũ"#2# -ũ_7(3.2ũ ũ24ũ1#(- ē
+ ! %# ) %" $% " & ! ( "' # * "!"$
āĀ
ĉŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
# ũ(-$.1, !(¢666ē+ '.1 ē!.,ē#!
1#2#-3 1.-4#5 ũ1#5(23
ŋ ,, , ŋ ŋ !) #)-ŋ ŋ& ŋ (#0 ,-# ŋ /. ()' ŋ ŋ &)-ŋ ( -ŋĢ (# ( -ģŋ,  ŋ &ŋ& (4 '# (.)ŋ ŋ& ŋ, 0#-. ŋ (# ( -ŋ ! 4#( Ąŋ -. ŋ 0 (.)ŋ- ŋ /'*&# ŋ (ŋ& ŋ /#(. ŋ ŋ / (ŋ (ŋ , ŋ (ŋ .) " ŋ )(ŋ& ŋ*, - ( # ŋ ŋ#(0#. )-ŋ -* # & -ąŋ -./ # (. -ąŋ ) (. -ŋ3ŋ /.),# -Ą
4 -ũ 1+.2ũ 1 9.Ĕũ"(1#!3.1ũ"#ũ+ ũ! 11#1 ėũ .1.-(3 ũ ¢,#9Ĕũ5(!#! -!(++#1ũ%#-#1 +ũ"#ũ+ ũ4-(5#12(" "ėũ8ũ +8ũ:+5 1#9Ĕũ5(!#ı ! -!(++#1ũ ! "_,(! ũ"#ũ+ ũ#-3(" "ėũ2#ũ,4#231 -ũ.1%4++.2.2ũ/.1ũ#23#ũ+.%1.ē
1(23( -ũ 1 9.Ĕũ343.1ũ"#+ũ/1.8#!3.ũ"#ũ1#5(23 ėũ8ũ 1.+(- ũ ;!.,#Ĕũ(, %#-ũ "#ũ#23 ũ/1(,#1 ũ#"(!(¢-Ĕũ2#ũ2(-3(#1.-ũ!.,/+ !(".2ũ"#ũ/1#2#-3 1ũ#23#ũ-4#5.ũ /1."4!3.ē
14/.ũ"#ũ/1.,.3.1#2ũ"#+ũ/1.8#!3.ũ04#ũ/#13#-#!#-ũ +ũ #1!#1ũ #,#231#ũ"#ũ+ ũ 11#1 ũ"#ũ #%.!(.2ũ04#ũ+.%1¢ũ!1(23 +(9 1ũ 4- ũ"#ũ242ũ,#3 2ē
"6(-ũ ;204#9Ĕũ "(22.-ũ 4;1#9ũ8ũ #1- -".ũ 4;1#9ũ".!#-3#2ũ"#ũ+ ũ4-(5#12(" "ũ 04#ũ/1#2#-!( 1.-ũ#23#ũ#5#-3.ē
5.-ũ 15;#9Ĕũ ,/ 1(3.ũ _1#9Ĕũ 1+.2ũ , .-(-.ũ8ũ -(+.ũ .1#-.Ĕũ".!#-3#2ũ"#ũ+ ũ -( -"#2ũ04#ũ2#ũ,4#231 -ũ$#+(!#2ũ /.1ũ#+ũ. )#3(5.ũ!4,/+(".ē
.1#-ũ . .Ĕũ #--8ũ +# % ũ8ũ #1- -" ũ 1#"#2ũ2.-ũ+ 2ũ%4 / 2ũ,."#+.2ũ04#ũ /1#2#-3 1.-ũ#23 ũ1#5(23 ē
ƒ Ä
5 + Ä–ĹŠ +.ĹŠ '(1( .% ĹŠ#2ĹŠ #+ĹŠ$ 5.1(3.ĹŠ"#+ĹŠ,(-(231.ĹŠ #1 ĹŠ
ěŊŊ +Ŋ/.234+ -3#Ŋ Ŋ+ Ŋ (2! +~ Ŋ #-#1 +Ŋ"#+Ŋ
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?ĀĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
23 ".ĔŊ 5(#1ĹŠ 5 + ĹŠ % 2ĔŊ2#ĹŠ,.231¢Ŋ/1#.!4/ ".ĹŠ/.1ĹŠ #+ĹŠ"#2 11.++.ĹŠ"#+ĹŠ!.-!412.ĹŠ"#ĹŠ,_1(3.2ĹŠ8ĹŠ./.2(!(¢-ĹŠ/ 1 ĹŠ + ĹŠ"#2(%- !(¢-ĔŊ/.1ĹŠÄĄ#+ĹŠ (#13.ĹŠ /.8.ĢŊ04#ĹŠ#+ĹŠ,(-(231.ĹŠ "#+ĹŠ -3#1(.1ĔŊ +$1#".ĹŠ #1 ĔŊ' ĹŠ" ".ĹŠ +ĹŠ 2/(1 -3#ĹŠ +.ĹŠ '(1( .% ĔŊ !34 +ĹŠ#, ) ".1ĹŠ"#ĹŠ !4 ".1ĹŠ#-ĹŠ 2/  ēĥ 2ĹŠ "#ĹŠ/1#.!4/ 12#ĹŠ!4 -".ĹŠ +%4-.2ĹŠ$4-!(.- 1(.2ĹŠ/ĂŒ +(!.2ĹŠ (11#2/#3 -ĹŠ3 -ĹŠ%1 5#,#-3#ĹŠ+ ĹŠ 43.-.,~ ĹŠ#ĹŠ(,/ 1!( +(" "ĹŠ !.-23(34!(.- +ĹŠ8ĹŠ+#% +ĹŠ04#ĹŠ#+ĹŠ,#-!(.- ".ĹŠ!.-!412.ĹŠ"# #ĹŠ 3#-#1ĔŊ/1.!+ , -".ĹŠ24ĹŠ$ 5.1(3(2,.ĹŠ8ĹŠ!.,/1.,#3(#-".ĹŠ+ ĹŠ /.2(!(¢-ĹŠ.ă!( +ĢĔŊ!1(3(!¢Ŋ 5 + Ä“
Ä’ 3Ĺ‹*, !/(. -Ĺ‹ -),#)Ĺ‹ (Ĺ‹& Ĺ‹ )(-/&. Ä“Ĺ‹ #1%(.ĹŠ ! ,/.ĔŊ#7/#13.ĹŠ!.+., ( Äą -.ĔŊ - +(9 ĹŠ4-ĹŠ/1.!#2.ĔŊ +ĹŠ04#ĹŠ! +(ă! ĹŠ !.,.ĹŠ/#!4+( 1Ä“ĹŠ FWhW I[h]_e EYWcfe" f[h_eZ_ijW YebecX_Wde Z[ Wcfb_W jhWo[Yjeh_W o Yedikbjeh Z[ bWi DWY_ed[i Kd_# ZWi [d [b fheo[Yje <ehjWb[Y_c_[dje :[ceYh|j_Ye" ^Wo fh[]kdjWi [d bW YedikbjW fefkbWh YedleYWZW feh HW\W[b 9ehh[W gk[ Æde lWd W Yed# leYWh W dWZ_[Ç$ ÆLWd W i[h cko i[Y# jeh_Wb[i" Yece bW Z[ bei [if[Yj|Yk# bei [d be gk[ i[ cWj[d Wd_cWb[i o bei YWi_dei" ied j[cWi WYY[ieh_eiÇ$ 7i[]khÂŒ gk[ [b d‘c[he Z[ fh[# ]kdjWi Yecfb_YW [b fheY[ie$ EYWcfe l_i_jÂŒ ;YkWZeh fWhW Xh_dZWh kd i[c_dWh_e ieXh[ Ye# X[hjkhW Z[ fheY[iei [b[YjehWb[i" YedikbjWi o h[\[h[dZei$ ;b f[h_e# Z_ijW WdWb_pÂŒ [b Yedj[d_Ze Z[ bWi fh[]kdjWi o [nfb_YÂŒ gk[ [b Fh[# i_Z[dj[ Z[ bW H[f‘Xb_YW Æ[ij| ^W# Y_[dZe kdW Wfk[ijW Whh_[i]WZWÇ$
?dZ_YÂŒ gk[ feh i[h [b leje eXb_]W# jeh_e ÆoW j_[d[ kd fkdje ]WdWZeÇ" W f[iWh gk[ i[]‘d [b" bW ][dj[ de lW W YedeY[h X_[d bW h[ifediWX_b_# ZWZ Z[ [i[ ik\hW]_e $ #"(.2ĹŠ"#ĹŠ!.,4-(! !(¢-
;d YkWdje W bWi Zei fh[]kdjWi h[\[h[dj[i W bei c[Z_ei Z[ Yeck# d_YWY_Œd" EYWcfe ef_dŒ gk[ de d[Y[iWh_Wc[dj[ [i kd j[cW gk[ _dj[h[i[ W bW cWoeh‡W Z[ [YkWje# h_Wdei$ IeXh[ bW fei_X_b_ZWZ Z[ b_c_jWh bW fWhj_Y_fWY_Œd [d ejhWi WYj_l_ZWZ[i [YedŒc_YWi Z[ bei WYY_ed_ijWi Z[ bei c[Z_ei Z[ Ye# ckd_YWY_Œd" [b Yeckd_YWZeh [n# fh[iŒ gk[ i[ [ijWh‡W l_ebWdZe kd fh_dY_f_ei kd_l[hiWb[i Z[ b_Xh[ [cfh[iW$ ;b Yedi[`e Z[ h[]kbW# Y_Œd Z[ Yedj[d_Zei fhefk[ije
ēŊ #1%(.Ŋ ! ,/.ĔŊ /#1(."(23 Ŋ!.+., ( -.ē
ēŊ Ŋ1#231(!!(¢-Ŋ Ŋ+ Ŋ+ .1Ŋ"#Ŋ+.2Ŋ,#"(.2Ŋ#2Ŋ4-.Ŋ"#Ŋ+.2Ŋ/4-3.2Ŋ04#Ŋ,;2Ŋ /1#.!4/ Ŋ Ŋ #1%(.Ŋ ! ,/.ē
[d bW YedikbjW WikijW W EYWcfe$ ÆC[ fWh[Y[ f[b_]hei‡i_ce gk[ Yedjheb[d bei Yedj[d_Zei" fehgk[ Z[ W^‡ W bW Y[dikhW de ^Wo d_d]k# dW Z_ijWdY_WÇ$ H[if[Yje W bei c[Z_ei [ijW# jWb[i ikXhWoÂŒ gk[ [n_ij[d fWhW jhWdic_j_h _d\ehcWY_ÂŒd ieXh[ [b jhWXW`e Z[b =eX_[hde" f[he Z[djhe Z[ kd fh_dY_f_e Z[ jhWdifWh[dY_W jejWbc[dj[ Z[ceYh|j_Ye" f[he Æde Yh[e gk[ [ijƒd fWhW ^WY[hb[ fhefW]WdZW W dWZ_[" [ijW [i kdW Z[il_WY_ÂŒd f[b_]heiWÇ$
2Ŋ(,/.2( +#Ŋ!.,/#3(1Ŋ !.-Ŋ4-Ŋ 23 ".Ŋ04#Ŋ2#Ŋ ' Ŋ.1% -(9 ".Ŋ +1#"#Ĺ ".1Ŋ"#Ŋ4-Ŋ/#12.- )#Ģē
.2ĹŠ3#, 2
;d YkWdje W bW lWh_[ZWZ j[c|j_YW Z[ bei Yedj[d_Zei [nfh[iÂŒ gk[ b[ fWh[Y[ Æcko i_d]kbWh c[pYbWh [b 9edi[`e Z[ bW @kZ_YWjkhW Yed bei jehei o bei ]WbbeiÇ" o cWd_\[ijÂŒ gk[ jWb l[p i[W fehgk[ _dYbko[d
ĹŠ
ĹŠ Ä“
kd ]WdY^e gk[ WjhW_]W W ckY^W ][dj[$ F[i[ W bW eXb_]Wjeh_[ZWZ Z[b leje" [b f[h_eZ_ijW WYejŒ gk[ de [ij| i[]khe Z[ gk[ bW Wi_ij[dY_W W bWi khdWi i[W WbjW$ Be f[b_]heie [i gk[ Yece de ied j[cWi gk[ cWd[`[ [b ]hk[ie Z[ bW feXbW# Y_Œd" Z_`e" i[ b[ lW W Z[`Wh W kdei feYei [b[Yjeh[i bW Z[Y_i_Œd ie# Xh[ kdei j[cWi jWd _cfehjWdj[i Yece i_ [b Fh[i_Z[dj[ Wikc[ [b Yedjheb Z[ bW @kij_Y_W$ <_dWbc[dj[ h[YehZŒ bW Yed# ikbjW Z[ (&&) fhefk[ijW feh
, (Ĺ‹ ' ( Ĺ‹ (Ĺ‹ &Ĺ‹Ă„&.#')Ĺ‹ v Ĺ‹ Ĺ‹ ' #)Ĺ‹ Ĺ‹ )'# #&#)Ĺ‹
Ä“ĹŠ -ĹŠ!(4" " -.ĹŠ 42! ĹŠ!4;+ĹŠ2#1~ ĹŠ24ĹŠ1#!(-3.ĹŠ,;2ĹŠ!#1! -.ĹŠ#-ĹŠ+ 2ĹŠ .ă!(- 2ĹŠ#+#!3.1 +#2ĹŠ"#ĹŠ (!'(-!' Ä“
, (.2Ŋ#-Ŋ 4 8 2 ŗŊŊ ŊěŊŊ .2Ŋ!(4" " -.2Ŋ2#Ŋ'(!(#1.-Ŋ 8#1Ŋ/1#2#-3#2Ŋ#-Ŋ#+Ŋ .-2#).Ŋ Ĺ !(.- +Ŋ +#!3.1 +Ŋ"#Ŋ 4 8 2Ŋ"#2"#Ŋ+ 2ŊćđĖććēŊ 2Ŋ5#-3 -(++ 2Ŋ+4!~ -Ŋ 11.3 " 2ēē
1#""8ĹŠ 1#1 ĔŊ5(!#/1#2("#-3#ĹŠ"#+ĔŊ2# +¢Ŋ04#ĹŠ2#ĹŠ+ .1¢Ŋ' 23 ĹŠ+ 2ĹŠÄˆÄ?ĖććŊ !.-$.1,#ĹŠ+.ĹŠ"(2/.-#ĹŠ#+ĹŠ1#%+ ,#-3.ĹŠ8ĹŠ1#!.1"¢Ŋ+ ĹŠ !3(34"ĹŠ#!4 3.1( - Ä“ĹŠÄĄ (ĹŠ+ 2ĹŠ!.2 2ĹŠ 2#ĹŠ'(!(#1 -ĹŠ!.-ĹŠ -3(!(/ !(¢-ĔŊ-.ĹŠ3#-"1~ ,.2ĹŠ04#ĹŠ2./.13 1ĹŠ#23 2ĹŠ#-.1,#2ĹŠÄƒ+ 2ĹŠ8ĹŠ +.2ĹŠĹŠ(-24+3.2ĹŠ#-31#ĹŠ4-.ĹŠ8ĹŠ.31.ĹŠ!(4" " -.ĹŠ!4 -".ĹŠ +%4(#-ĹŠ(-3#-3 ĹŠ/ 2 12#ĹŠ"#ĹŠ+(23.Ģē
2ĹŠ+ .1#2ĹŠ2#ĹŠ1# -4" 1;-ĹŠ,  - ĔŊ"#2"#ĹŠ+ 2ŊćđĖććĔŊ/ 1 ĹŠ+ ĹŠ1#!#/!(¢-ĹŠ"#ĹŠ ă1, 2ĹŠ8ĹŠ#-31#% ĹŠ"#ĹŠ(-$.1, !(¢-ĹŠ/ 1 ĹŠ+ ĹŠ!.-$.1, !(¢-ĹŠ"#ĹŠ,.5(,(#-3.2ĹŠ8ĹŠ.31 2ĹŠ .1% -(9 !(.-#2ĹŠ/.+~3(! 2Ä“
F[i[ W gk[ ^kXe Y[hYW Z[ Zei W‹ei fWhW h[Wb_pWh YWcX_ei Z[ Zec_Y_b_e [b[YjehWb" bWi Ă’bWi de Z[iWfWh[Y_[hed Wo[h" YkWdZe i[ Ykcfb‡W [b ‘bj_ce Z‡W Z[ fbWpe fWhW ^WY[h [b jh|c_j[$ ;ije fh[# l_e W bW YedikbjW fefkbWh W h[W# b_pWhi[ [b fhÂŒn_ce - Z[ cWoe" bW YkWb Z[X[ YedjWh Yed [b fWZhÂŒd WYjkWb_pWZe fWhW gk[ bei lejWdj[i [ijƒd h[]_ijhWZei [d bei h[Y_djei c|i Y[hYWdei W iki l_l_[dZWi$ EcWh I_ced" fh[i_Z[dj[ Z[b 9edi[`e DWY_edWb ;b[Yje# hWb 9D; " [nfb_YÂŒ gk[ Wkdgk[ [b jh|c_j[ [hW lebkdjWh_e fWhW jeZei bei gk[ ^WoWd YWcX_WZe Z[ Zec_Y_b_e Z[iZ[ [b ‘bj_ce fheY[ie [b[YjehWb Y[hYW Z[ Zei W‹ei " ^WXh| iWdY_ed[i fWhW bei gk[ de lej[d [d ZedZ[ b[i Ye# hh[ifedZW$ ;i Z[Y_h" i_ kdW f[hiedW de YWcX_ÂŒ ik Zec_Y_b_e [b[YjehWb Z[X[h| WY[hYWi[ W ik\hW]Wh [d
[b h[Y_dje [d [b gk[ ik\hW]ÂŒ bW ‘bj_cW l[p Wi‡ [ijƒ cko b[`ei Z[ ik l_l_[dZW $ 9Wie YedjhW# h_e fk[Z[ WY[hYWhi[ W YkWbgk_[h h[Y_dje" Æf[he de W lejWh" iÂŒbe W fh[i[djWhi[ fWhW gk[ b[ Z[d kd Y[hj_Ă’YWZe Z[ fh[i[djWY_ÂŒd" f[he [ij[ Y[hj_Ă’YWZe de b[ [n_c[ Z[ bW iWdY_ÂŒd feh de ik\hW]WhÇ" [nfb_# YÂŒ 7hjkhe 9WXh[hW" Z_h[Yjeh Z[ bW :[b[]WY_ÂŒd Fhel_dY_Wb ;b[YjehWb Z[ F_Y^_dY^W$ 7i‡" bWi f[hiedWi gk[ iÂŒbe ^W]Wd WYje Z[ fh[i[dY_W feh de [ijWh h[]_ijhWZei [d bei h[Y_djei Y[hYWdei W ik dk[lW Z_h[YY_ÂŒd" Z[X[h|d fW]Wh [b '& Z[ bW h[# ckd[hWY_ÂŒd X|i_YW kd_Ă’YWZW$ BW ckbjW [i Z[ (,"*( ZÂŒbWh[i c|i . ZÂŒbWh[i Z[ bW [if[Y_[" [d jejWb ied )*"*( ZÂŒbWh[i$ I_ced [nfb_YÂŒ gk[ bei YWc# X_ei Z[ Zec_Y_b_e ^Wd [ijWZe WX_[hjei feh Zei W‹ei o gk[ Æde [i [nYbki_le Z[ bW i[cWdW fh[#
411~!4+.
#1%(.Ŋ ! ,/. Ŋ #1(."(23 Ŋ/.+~3(!.ĔŊ#"(3.1Ŋ/.+~3(!.Ŋ8Ŋ#"(3.1Ŋ ŗ- !(.- +Ŋ"#Ŋ"( 1(.Ŋ +Ŋ (#,/.Ŋ"#Ŋ .%.3; ŗŊ "(3.1Ŋ%#-#1 +Ŋ"#Ŋ +Ŋ #1 +".Ŋ"#Ŋ 11 -04(++ Ŋ Ŋ "(3.1Ŋ%#-#1 +Ŋ"#Ŋ +Ŋ .+., ( -.Ŋ"#Ŋ ŗ #"#++~Ŋ 2#2.1Ŋ#"(3.1( +Ŋ"#Ŋ +Ŋ -(5#12 +Ŋ"#Ŋ ŗ 13 %#- Ŋ Ŋ#2!1(3.Ŋ".2Ŋ+( 1.2ĖŊ Ŋ 1(22 Ŋ-.Ŋ+#Ŋ ŗ%423 -Ŋ+.2Ŋ#2! 1%.32Ŋ8Ŋ +Ŋ'., 1#Ŋ04#Ŋ ,41(¢Ŋ+ Ŋ5~2/#1 ē
Ă›blWhe Kh_X[ [d 9ebecX_W" bW YkWb Yedj[d‡W '+ fh[]kdjWi" Z[ bWi YkWb[i iebWc[dj[ i[ WfheXÂŒ kdW" o [nfh[iÂŒ gk[ bWi YedikbjWi [n_jeiWi ied bWi gk[ Yedj_[d[d jh[i e YkWjhe fh[]kdjWi" oW gk[ [i cko Z_\‡Y_b _d\ehcWh W jeZW bW feXbWY_ÂŒd ieXh[ jWdjei j[cWi$
($1 2ĹŠ
4+3 2ĹŠ8ĹŠ5.3 -3#2ĹŠ
ÄŠÄŒÄ”ÄŒÄ‰ĹŠ ÂĄ
#2ĹŠ+ ĹŠ,4+3 ĹŠ/ 1 ĹŠ+.2ĹŠ04#ĹŠ-.ĹŠ5.3#-Ä“
ÄˆÄ‡ÄŚÄŽÄ‰Ä?Ä“Ä?Ä?ÄŽĹŠ ĹŠ
$4#ĹŠ#+ĹŠ3.3 +ĹŠ"#ĹŠ#,/ "1.- ".2ĹŠ#-ĹŠ+ 2ĹŠ #+#!!(.-#2ĹŠ"#ĹŠ 1(+ĹŠ"#ŊĉććĒ Ŋĸ#+ĹŠĂŒ+3(,.ĹŠ/1.!#2.ĚēŊ
l_W W bW YedleYWjeh_W Z[b fheY[ie [b[YjehWbÇ$ I_d [cXWh]e" [d [ijW ‘bj_cW i[cWdW" bW Z[cWdZW \k[ Wcfb_W fehgk[ ÆjeZe Z[`Wd fWhW [b ‘bj_ceÇ" W]h[]ÂŒ 9WXh[hW$ ;d [b YWie Z[ bW Z[b[]WY_ÂŒd Z[ F_Y^_dY^W" ÆiÂŒbe [d [ijW i[cWdW" [ij_ce i[ h[Wb_pWh|d [djh[ + c_b e , c_b YWcX_ei Z[ Zec_Y_b_eÇ" iei# jkle$ BW Z[cWdZW ^W i_Ze jWb gk[ Wb Z‡W i[ Wj[dZ_ÂŒ W kd fhec[Z_e Z[ '$+&& jh|c_j[i$ Bei ZWjei W d_l[b dWY_edWb i[ YedeY[h|d [b c_ƒhYeb[i" YkWdZe oW i[ j[d]Wd jeZei bei h[]_ijhei$
, Ĺ‹ &Ĺ‹(Ă„' ,)Ĺ‹ Ĺ‹Ĺ‹ 0# .#' -Ĺ‹*),Ĺ‹ # (. -
ƒ Ă
Ĺ? ĀĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ĺ?
Ĺ? +. Ĺ?
-ĹŠÄ‰Ä‡ÄˆÄ‡ĹŠ#+ĹŠ ĹŠ 3#-"(¢Ŋ ĹŠÄŽÄ’Ä“Ä?ĉćŊ/#1Äą 2.- 2ĔŊ"#ĹŠ+ 2ĹŠ!4 +#2Ä”ĹŠÄŽÄ“ÄˆÄŒÄŽĹŠ,41(#1.-Ä“ĹŠ 8ĹŠ,;2ĹŠ 2#%41 ".2Ä“ĹŠĹŠ ;d bei ‘bj_cei jh[i W‹ei" bWi l‡Yj_cWi Wj[dZ_ZWi feh [b I[# ]khe EXb_]Wjeh_e Z[ 7YY_Z[dj[i +%4-.2ĹŠ! , (.2Ä– Z[ Jh|di_je IE7J i[ _dYh[# c[djWhed [d kd -) $ :[b jejWb Z[ Wj[dY_ed[i Z[ (&&. W (&'& Ĺ—ĹŠ ĹŠ/ 13(1ĹŠ"#ĹŠ, 9.ĹŠ' 8ĹŠ-4#5.2ĹŠ!#13(ÄƒÄą ! ".2ĹŠ!.-ĹŠ-4#5.ĹŠ"(2# .ĹŠ%1;ă!.ĹŠ8ĹŠ2#%4Äą ''.$,-, " Y[hYW Z[b '& j[hc_# 1(" "#2ĔŊ04#ĹŠ+4#%.ĹŠ"#ĹŠ31#2ĹŠ  .2ĹŠ' 8ĹŠ04#ĹŠ dWhed [d ck[hj[i$ 1#-.5 1+.2ĹŠ2#%ĂŒ-ĹŠ+ ĹŠ3_!-(! ĹŠ(-3#1- !(.- +Ä“ I[]‘d bWi Y_\hWi Z[ bW 9eh# ĹŠ +ĹŠ "'#2(5.ĹŠ3(#-#ĹŠ4-ĹŠ3 ,  .ĹŠ,;2ĹŠ!+ 1.ĹŠ fehWY_ÂŒd Z[ 7i[]khWZehWi Z[b Ĺ—/ 1 ĹŠ04#ĹŠ2#ĹŠ("#-3(ă04#ĹŠ (#-ĹŠ!4 -".ĹŠ IE7J 9ehfeieWj " [d (&&. i[ 24!#" ĹŠ4-ĹŠ !!("#-3#ĹŠ8ĹŠ 2~ĹŠ$ !(+(3 1ĹŠ+.2ĹŠ Wj[dZ_ÂŒ W ',$(-/ l‡Yj_cWi o [d !. 1.2ĹŠ"#+ĹŠ2#%41.Ä“ (&'& W +/$-(&$ ;ije i_]d_Ă’YW gk[ ^kXe *)$**' l‡Yj_cWi c|i$ FWhW FWjh_Y_e IWbWi" j_jkbWh [d Yk[djW gk[ [d (&&." kd -& Z[ 9ehfeieWj" bWi Y_\hWi ied fh[# Z[ bW feXbWY_ÂŒd Z[iYedeY‡W bei eYkfWdj[i$ ;d (&&. ^kXe ($'-( X[d[Ă’Y_ei Z[b IE7J" Yedi[Yk[d# ck[hjei" c_[djhWi gk[ [b W‹e j[c[dj[ ^WX‡W kd _cfehjWdj[ fWiWZe i[ h[]_ijhWhed +$'*+ \Wbb[# ikXh[]_ijhe Z[ bei WYY_Z[dj[iÇ" Y_c_[djei$ Bei Y[hYW Z[ ,& c_b WY# [nfb_YÂŒ$ OW fWhW (&&/ o (&'&" ÆYkWdZe i[ Z_\kdZ_ÂŒ c|i Y_Z[djWZei h[]_ijhWZei [d [b i_ij[cW" ^kXe c|i (&'& h[fh[i[djWhed Y[hYW YWdj_ZWZ Z[ f[hiedWi Z[ *& c_bbed[i Z[ ZÂŒbWh[i ĹŠ [d fW]ei Z[b IE7J" i[]‘d 5 +.1ĹŠ"#ĹŠ+ ĹŠ/1(, ĹŠ Wj[dZ_ZWiÇ" YedYbkoÂŒ$ /.1ĹŠ! " ĹŠ,#2ĹŠ.ĹŠ I_d [cXWh]e" 7XWZ [ij_cWY_ed[i Z[ IWbWi$ ;b $1 !!(¢-ĹŠ"#ĹŠ,#2ĹŠ [nfb_YÂŒ gk[ ÆjWcX_ƒd ^W cedje i[ Z[ij_dÂŒ [djh[ 5#-!(".ĹŠ#2ĹŠ+ ĹŠ ,4+3 ĹŠ2(ĹŠ-.ĹŠ2#ĹŠ YWdY[bWY_ed[i W bWi _di# 1#-4#5 ĹŠ#+ĹŠ ĹŠ ^WX_Ze kd _dYh[c[dje +ĹŠ  .Ä“ĹŠ [d bW i_d_[ijhWb_ZWZÇ$ j_jkY_ed[i Z[ iWbkZ o bWi _dZ[cd_pWY_ed[i feh \W# bb[Y_c_[djei$ 5 2(¢-ĹŠ8ĹŠ"($42(¢-ĹŠ FWhW =k_bb[hce 7XWZ" h[fh[# IWbWi [nfb_YÂŒ gk[ bW [lWi_ÂŒd Z[b i[djWdj[ Z[ bW l[[Zkh‡W Y_kZWZW# IE7J [i c‡d_cW" [i Z[Y_h" bW dW @kij_Y_W L_Wb" [b Yh[Y_c_[dje cWoeh‡W Z[ l[^‡Ykbei [ij|d Wi[# Z[ bWi Y_\hWi i[ Z[X[ W Zei hWpe# ]khWZei$ ;i c|i Æ[n_ij[d c|i d[i0 [n_ij[ cWoeh h[YbWce Z[b Wkjei Wi[]khWZei gk[ cWjh_Yk# IE7J o bei WYY_Z[dj[i i[ ^Wd bWZei" ied '"* c_bbed[i Z[ Wkjei _dYh[c[djWZe$ Æ>Wo gk[ jecWh Yed IE7J o Wf[dWi ' c_bbÂŒd bei
ÄˆÄŽĹ˜ĹŠ
Ä“ĹŠ +ĹŠ#7!#2.ĹŠ"#ĹŠ5#+.!(" "ĹŠ#2ĹŠ4- ĹŠ"#ĹŠ+ 2ĹŠ/1(-!(/ +#2ĹŠ! 42 2ĹŠ"#ĹŠ !!("#-3#2Ä“ĹŠ
gk[ i[ cWjh_YkbWdÇ" WfkdjÂŒ$ 9ed [b W\|d Z[ gk[ [b IE7J bb[]k[ W jeZei bei WYY_Z[djWZei" 9ehfeieWj \_hcÂŒ kd Yedl[d_e Yed bW \kdZWY_ÂŒd 9el_Wb" fWhW WfeoWh [d WYY_Z[dj[i YWjWijhÂŒĂ’# Yei ZedZ[ [n_ijWd ckY^Wi l‡Yj_# cWi $ I[ Yed\ehcWh|d Xh_]WZWi gk[ WfeoWh|d [d bW be]‡ij_YW fWhW Wfb_YWh [b i[]khe$
5.+4!(¢-Ŋ
~!3(, 2ĹŠ 3#-"(" 2ĹŠ ).ĹŠ  .ĹŠ ĉććđŊ ĉććĒŊ Ä‰Ä‡ÄˆÄ‡ĹŠ .3 +Ä–ĹŠ 4#-3#Ä–ĹŠ .1/.2. 3
$ ++#!(".2ĹŠĹŠ ĉēĈÄ?ĉŊ ÄŒÄ“Ä‡Ä‡ÄŽĹŠ ÄŽÄ“ÄˆÄŒÄŽĹŠ ĉĉēĊĉĉŊ
4(" ".ĹŠ
+%4-.2ĹŠ31 ,.2
Ĺ—ĹŠ #114, #2ĹŠ#-31#ĹŠ (3 ĹŠ8ĹŠ ĹŠ '(04(3 Ä“ ĹŠ #2/1#-"(,(#-3.2ĹŠ"#ĹŠ1.! 2ĹŠ#-ĹŠ+ ĹŠ5~ ĹŠ ĹŠ Ĺ— #+(+#.Ä“ ĹŠ +9 " ĹŠ#-ĹŠ, +ĹŠ#23 ".ĹŠ#-31#ĹŠ + ! +~Äą Ĺ— -#% +(3.ĹŠ8ĹŠ 4, !.Ä“
ŗŊ # +(- Ŋ8Ŋ++45( 2Ŋ#-Ŋ+ Ŋ9.- Ŋ"#Ŋ / ĹŊ ++ !3 ē Ŋ +45( ĔŊ-# ŗ '4-!'(ē
Ä“ĹŠ .2ĹŠ341(23 2ĹŠ(-(!( 1.-ĹŠ#+ĹŠ+4-#2ĹŠ24ĹŠ1#%1#2.ĹŠ ĹŠ+ ĹŠ! /(3 +ĹŠ/ 1 ĹŠ#5(3 1ĹŠ#+ĹŠ31;$(!.Ä“ĹŠ
-Ĺ‹ ,, . , -Ĺ‹* , Ĺ‹, .),( ,Ĺ‹ Ĺ‹ /#.)Ĺ‹- ,6(Ĺ‹")3Ĺ‹/(# #, #)( & -Ĺ‹
:[iZ[ bWi '(0&& ^WijW bWi '.0&& Z[ ^eo" bWi YWhh[j[hWi IWdje :e# c_d]e#7bÂŒW] o BWjWYkd]W#JWc# X_bbe i[h|d kd_Z_h[YY_edWb[i" [d i[dj_Ze ikh#dehj[" fWhW f[hc_j_h [b h[jehde Ă“k_Ze W Gk_je Z[ bei l_W`[hei gk[ iWb_[hed W ejhWi Y_k# ZWZ[i Yed cej_le Z[b \[h_WZe Z[ 9WhdWlWb$ ;d bW 7bÂŒW] IWdje :e# c_d]e i[ h[ijh_d]_h|" Z[ '(0&& W (&0&& [b fWie Z[ jhWdifehj[ f[# iWZe [d [b i[dj_Ze 9eijW$
BW l‡W =kWobbWXWcXW#9WbZ[# hÂŒd" Wb dehj[ Z[ bW YWf_jWb" i[h| ^WX_b_jWZW ‘d_YWc[dj[ fWhW bei YedZkYjeh[i gk[ h[jehdWd Z[i# Z[ Z_\[h[dj[i fkdjei Z[b fW‡i$ ;b ef[hWj_le feb_Y_Wb Z[ i[]kh_ZWZ i[ _dj[di_Ă’YWh| ^eo ^WijW bWi ()0&&$ ;d bW 9ecWdZWdY_W Z[ Fe# b_Y‡W _d\ehcWhed gk[ j_[d[d f[hiedWb Z_ijh_Xk_Ze [d bWi fh_dY_fWb[i YWhh[j[hWi Z[b fW‡i o gk[ i[ ^W ^[Y^e kdW YWcfW‹W
W jhWlƒi Z[ bW [djh[]W Z[ ^e`Wi lebWdj[i fWhW YedZkY_h Yed h[i# fediWX_b_ZWZ$ ;d bWi j[hc_dWb[i j[hh[ijh[i lWh_Wi Xh_]WZWi Z[ kd_\ehcWZei i[ [dYWh]Whed Z[ h[l_iWh [b [ijW# Ze Z[ bei d[kc|j_Yei" [b i_ij[cW Z[ bkY[i" \h[dei" [b d‘c[he Z[ fWiW`[hei$ 1#! 4!(¢-
BW I[Yh[jWh‡W DWY_edWb Z[ =[i#
+(- ĹŠ8ĹŠ"#114, #2ĹŠ#-ĹŠ + 42~Äą
#/ 1 !(¢-ĹŠ5( +ĹŠ#-31#ĹŠ +!#3 ĹŠ8ĹŠ 4-~-Ä“ ĹŠ ~ ĹŠ!#11 " ĹŠ#-ĹŠ#+ĹŠ ,ĹŠÄ?ĉŊ#-ĹŠ -3 ĹŠ 2 Ĺ— (1¢-Ä“ ĹŠ 1 ,.2ĹŠ#-ĹŠ, +ĹŠ#23 ".ĹŠ/.1ĹŠ"#114, Ĺ— -% - Äą 4, Ä“ ĹŠ +45( 2ĹŠ8ĹŠ/#+(%1.ĹŠ#-ĹŠ#+ĹŠ/4#-3#ĹŠ2. Ĺ— 4%42' ĔŊ#-31#ĹŠ ! 2ĹŠ8ĹŠ 4 %Ä“
#+Äą
#2ĹŠ#-ĹŠ
1#ĹŠ#+ĹŠ1~.ĹŠ
Ä–ĹŠ (-(23#1(.ĹŠ"#ĹŠ 1 -2/.13#ĹŠ8ĹŠ 1 2ĹŠ ĂŒ +(! 2Ä“
j_Œd Z[ H_[i]ei" feh ik fWhj[" _d\ehcŒ gk[ bW l‡W 7bŒW]#IWd# je :ec_d]e oW [ij| h[fWhWZW" Z[ifkƒi Z[ gk[ \k[hW Y[hhWZW feh Wb]kdei Z[ib_pWc_[djei Z[ j_[hhW Z[iZ[ [b fWiWZe i|XWZe [d bW deY^[i ^WijW bWi &,0&& Z[b Zec_d]e$
'#1(".2ĹŠ ĈČēĈćÄ?ĹŠ ÄŠÄ‘Ä“Ä?Ä?ĉŊ ĎČēĎÄ?ÄŽĹŠ ĈćÄ?Ä“ÄŠÄŽÄŒĹŠ
ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ
3.3 + ĈÄ?ēĉÄ?Ä’ ČĉēÄ?Ä?Ä? ÄŽÄ’Ä“Ä?ĉć ĈĈđēÄ?Ä?Ä?
-.#š(ŋ ŋ # -!)-ŋ-vŋ * ! ,6ŋ ŋ )(-.,/ .),
Ŋ ě BW I[Yh[jWh‡W DW#
Y_edWb Z[ =[ij_Œd Z[ H_[i]ei ID=H " W jhWlƒi Z[ ik Z_h[YY_Œd Z[ I[hl_Y_ei Z[ ?d\hW[ijhkYjk# hW o :[iWhhebbe" Wi[]khŒ gk[ [b fW]e W bW YedijhkYjehW L_Yf[ feh bW j[hc_dWY_Œd Z[ kdW l‡W Z[ i[# ]kdZe ehZ[d" [ij| [d jh|c_j[$ ;b eh]Wd_ice h[Y^WpŒ bWi l[h# i_ed[i Z[ gk[ i[ [ij| d[]WdZe W YWdY[bWh bWi eXb_]WY_ed[i feh [b Ykcfb_c_[dje Z[ bW l‡W gk[ Ye# d[YjW Wb h[Y_dje 9WcfWc[dje Yed 8WhY[bedW" Z[b YWdjŒd C_bW]he" fhel_dY_W Z[ =kWoWi$ ;b Z[b[]WZe Z[b IDH=" Bk_i FedY[" i[‹WbŒ gk[ [b fW]e i[ [dYk[djhW [d jh|c_j[$ ;b YedjhWje \k[ \_hcWZe [b )' Z[ eYjk# Xh[ Z[ (&&. o Yedj[cfbWXW bW h[# YedijhkYY_Œd Z[ bW l‡W W kd cedje Z[ (,+$*/*"() Z[ ZŒbWh[i" [d kd fbW# pe Z[ jh[i c[i[i" W fWhj_h Z[ bW \[Y^W Z[ [djh[]W Z[b Wdj_Y_fe" gk[ WiY[d# Z_Œ W '.+$.*+"/, -& Z[b Yeije Z[ bW eXhW $ BW eXhW i[ YedYbkoŒ [b )& Z[ eYjkXh[ Z[ (&&/$
ƒ
4 "1.ĹŠ"#ĹŠ,#"(! ,#-3.2ĹŠ#23;ĹŠ+(23.
+ĹŠ .-2#).ĹŠ !(.- +ĹŠ"#ĹŠ +4"ĹŠ /1. ¢Ŋ#+ĹŠ-4#5.ĹŠ 4 "1.ĹŠ"#ĹŠ #"(! ,#-3.2ĹŠ ;2(!.2Ä“ĹŠ 2ĹŠ+ ĹŠ.!3 5 ĹŠ1#5(2(¢-ĹŠ04#ĹŠ2#ĹŠ1# +(9 ĹŠ ĹŠ+ ĹŠ+(23 ĹŠ"#ĹŠ,#"(!(- 2ĹŠ04#ĹŠ "# #-ĹŠ2#1ĹŠ "04(1(" 2ĹŠ"#ĹŠ$.1, ĹŠ. +(% 3.1( ĹŠ/.1ĹŠ3." 2ĹŠ+ 2ĹŠ! 2 2ĹŠ"#ĹŠ2 +4"Ä“ĹŠ +ĹŠ-4#5.ĹŠ!4 "1.ĹŠ!.-3(#-#ĹŠÄŒÄˆÄ’ĹŠ/1(-!(/(.2ĹŠ !3(5.2ĹŠ8ĹŠÄŽÄ?ÄŽĹŠ$.1, 2ĹŠ$ 1, !_43(! 2Ä“ĹŠ -ĹŠ+ ĹŠ/;%(- ĹŠ6# ĹŠ666Ä“!.- 2 Ä“%. Ä“#!ĹŠ#23;-ĹŠ"(2/.-( +#2ĔŊ3 -3.ĹŠ#+ĹŠ !4#1".ĹŠ (-(23#1( +ĹŠ04#ĹŠ#23 +#!#ĹŠ+ ĹŠ#+ .1 !(¢-ĹŠ"#ĹŠ#23 ĹŠ+(23 ĔŊ!.,.ĹŠ#+ĹŠ 4 "1.ĹŠ"#ĹŠ #"(! ,#-3.2ĹŠ ;2(!.ĹŠ/1.,4+% ".Ä“ĹŠ
( # ()-Ćŋ ' &., .)ŋ3ŋ ( )()ŋ
(%(+ ".2
Ĺ—ĹŠĹŠĹŠ
Bei f[h_eZ_ijWi gk[ Yk# Xh[d bW 9ehj[ 9edij_jkY_edWb j_[d[d fhe^_X_Ze [b fWie W [iWi Z[f[dZ[dY_Wi" ‘d_YW# c[dj[ fk[Z[d _d]h[iWh Wb :[fWhjWc[dje Z[ 9eckd_# YWY_Œd o WYecfW‹WZei Z[ kd feb_Y‡W$
#, + "#1
Ĺ—ĹŠĹŠĹŠ
7b i[Yh[jWh_e Z[ bW 7Zc_d_i# jhWY_ÂŒd L_d_Y_e 7blWhWZe i[ be l[ heZ[WZe Z[ kdW ]kWhZ_W fh[jeh_WdW" _dYbkie YkWdZe de i[ [dYk[djhW [d WYjei eĂ’Y_Wb[i$ Bei Yec[diWb[i Z[b h[ijWkhWdj[ ;b 9W‹Œd Z[b 9^_# Y^[ i[ l_[hed iehfh[dZ_Zei feh bW _cfh[i_edWdj[ YWdj_ZWZ Z[ ]kWhZW[ifWbZWi" jWdje Z[ WlWdpWZW #gk[ h[l_iWhed fh[l_Wc[dj[ [b [ijWXb[Y_c_[d# je# Yece Z[ h[jW]kWhZ_W gk[ be YkXh‡Wd Wb WikijWZ_pe$ Âľ7 gkƒ e W gk_ƒd j[c[h|5 ÂľGkƒ YedY_[dY_W j[dZh|5
314++#1.2ĹŠ"#ĹŠ! 2
Ĺ—ĹŠĹŠĹŠ
ĹŠ Ä“ĹŠ .2ĹŠ "4+3.2ĹŠ, 8.1#2ĹŠ2.-ĹŠ -".- ".2ĹŠ/.1ĹŠ242ĹŠ$ ,(+( 1#2ĹŠ#-ĹŠ+ ĹŠ ! ++#ĹŠ.ĹŠ#-ĹŠ 2(+.2Ä“ĹŠ
.!(#" "ĹŠ
FWhW bW ieY_ÂŒbe]W CWhY[bW IWb# ]WZe [ijWcei l_l_[dZe [d kdW ieY_[ZWZ Z[i^kcWd_pWZW [ _dZ_# l_ZkWb_ijW$ ÆBei WZkbjei cWoeh[i ied kd ]hkfe lkbd[hWXb[ o feh be jWdje Z[X[d i[h Wj[dZ_Zei Yed
fh_eh_ZWZ" feh ik WlWdpWZW [ZWZ Z[X[h‡Wd h[Y_X_h cWoeh Yk_ZWZe o W\[Yje Z[ fWhj[ Z[ ik \Wc_b_W$ ;d eYWi_ed[i [b i[h ^kcWde ^W efjWZe feh eh]Wd_pWhi[ [d \Wc_# b_Wi dkYb[Wh[i [d bWi gk[ bei Wd# Y_Wdei de j_[d[d YWX_ZWÇ$
-ŋ'/ ,. -ŋ (ŋ )$ ŋ -vŋ / ,)(ŋ*),ŋ . ,# ŋ
ĹŠ Ä› I[ Yed\_hcÂŒ gk[ Y_dYe
h[Wb_pWhed Ykbj_lei ck[ijhWi d[edWjei ckh_[hed [d [b ^ei# W jeZei bei d_‹ei gk[ _d]h[iWd f_jWb ?i_Zhe 7oehW Z[ Be`W feh W bW kd_ZWZ o [b h[ikbjWZe \k[ YkbfW Z[ bW XWYj[h_W >_dj[hXWY# d[]Wj_le$ j[h" gk[ fheZkY[ kdW _d\[YY_ÂŒd ;b C_d_ijhe [nfh[iÂŒ gk[ bei ][d[hWb_pWZW$ ;ijW _d\ehcWY_ÂŒd h[ikbjWZei Z[ bW _dl[ij_]WY_ÂŒd bW Z_e Wo[h [b fhef_e c_# jƒYd_Ye#Y_[dj‡\_YW o WZ# d_ijhe Z[ IWbkZ" :Wl_Z c_d_ijhWj_lW W‘d de [ij|d 9^_h_Xe]W" jhWi cWdj[# b_ijei$ ÆC[ leo Yedj[dje ^ ĹŠ d[h kdW h[kd_ÂŒd Yed bWi ' -ĹŠ,4#13.ĹŠ#-ĹŠ#+ĹŠ fehgk[ i[ ^Wd jecWZe '.2/(3 +ĹŠ 2("1.ĹŠ Wkjeh_ZWZ[i Z[ bW fhe# bei Yehh[Yj_lei d[Y[iW# 8.1 ĹŠ"#ĹŠ .) ĹŠ l_dY_W o h[Yehh[h [b |h[W h_ei fWhW fh[l[d_h kdW "#2"#ŊĉććÄ?Ä“ Z[ Yk_ZWZei _dj[di_lei fej[dY_Wb [nfWdi_ÂŒd Z[ bW Z[ D[edWjebe]‡W$ XWYj[h_WÇ$ 7i[]khÂŒ gk[ bW I[]‘d [b i[Yh[jWh_e Z[ ;i# jWiW Z[ cehjWb_ZWZ [d [b ^eif_jWb jWZe" bW [c[h][dY_W iWd_jWh_W [ij| Wbh[Z[Zeh Z[b '( $ ÆDk[l[ [ij| YedjhebWZW [d [ijW YWiW Z[ YWZW '& d_‹ei gk[ _d]h[iWd W iWbkZ" ^Wd ck[hje (- X[Xƒi [d bW kd_ZWZ ied fh[cWjkhei$ Iki bei ‘bj_cei YkWjhe c[i[i$ I[ fkbced[i de [ij|d Z[iWhhebbW#
ă
ĹŠ
- ĹŠ2.!(#" "ĹŠ"#2'4, -(9 " ĹŠ/1.5.! ĹŠ 04#ĹŠ+.2ĹŠ, 8.1#2ĹŠ5(5 -ĹŠ 42.2ĹŠ$~2(!.2ĔŊ /2(!.+¢%(!.2ĹŠ8ĹŠ' 23 ĹŠ2#74 +#2Ä“ĹŠ OebWdZW BÂŒf[p YWc_dW feh bW Ze kd YeijWb" YWc_dW feh bW YWbb[ fbWpW Z[ IWd <hWdY_iYe" [d [b 8eb‡lWh o 8[dWbY|pWh$ ÆDe j[d]e Y[djhe Z[ Gk_je$ 7feoWZW [d ik \Wc_b_W" de j[d]e dWZW" c[ WXWd# XWijÂŒd o Yed fWie b[dje$ ;d ik ZedWhed jeZeiÇ" Z_Y[ c_[djhWi cWde bb[lW kd lWie Z[ fb|ij_Ye i_]k[ ik hkcXe$ XWijWdj[ ikY_e o Z[j[h_ehWZe" W^‡ h[Ye][ Wb]kdWi ced[ZWi gk[ b[ ($1 2ĹŠ"#+ĹŠ, +31 3. I[]‘d ZWjei Z[ bW ;dYk[ijW ZW bW ][dj[ fWhW YebWXehWh Yed DWY_edWb Z[ IWbkZ" 8_[d[ijWh o bei ]Wijei Z[ bW YWiW$ ;ijW ck`[h Z[ .) W‹ei Yk[djW ;dl[`[Y_c_[dje I78; ? ;YkW# gk[ Z[iZ[ bWi &-0)& iWb[ Z[ ik l_# Zeh (&&/#(&'& [d ;YkWZeh l_[dZW kX_YWZW [d JeYj_kYe" Y[djhe bei j_fei Z[ cWbjhWje gk[ cWoeh fh[lWb[dY_W fh[i[djWhed Z[ Gk_je" W f[Z_h b_ceidW" \k[hed [b fi_YebÂŒ]_Ye Æ7 l[Y[i ^WijW i_d feZ[h YW# ĹŠ ',$* o [b WXWdZede c_dWh j[d]e gk[ iWb_h" feh# '*$/ $ Bei cWbjhWjei gk[ i_de [i[ Z‡W de YeceÇ" Z_Y[" bW WdY_WdW h_eXWcX[# ĹŠ, 8.1ĹŠ/1#5 Äą c|i Z[d_]hWdj[i o [n# +#-!( ĹŠ"#ĹŠ -Äą jh[cei" Yece [b \‡i_Ye ‹W$ ;bbW Wi[]khW gk[ bb[]ÂŒ W ".-.ĹŠ#23;ĹŠ#-ĹŠ+.2ĹŠ bW YWf_jWb W l_l_h Yed kdW Z[ "4+3.2ĹŠ, 8.1#2ĹŠ o i[nkWb" fh[i[djWhed fh[lWb[dY_W c[deh[i" iki ^_`Wi fehgk[ [d ik j_[# "#ĹŠÄ?ÄŽĹŠ  .2Ä“ l_eb[dY_W \‡i_YW *$/ hhW oW dWZ_[ i[ fh[eYkfWXW o l_eb[dY_W i[nkWb ) $ feh [bbW$ Æ9ed c_ ^_`e l_l‡W# cei [d kdW YWi_jW [d [b YWcfe" f[he BW [dYk[ijW jWcX_ƒd Z[j[hc_# bW [ifeiW [hW kdW cWbW ck`[h gk[ dÂŒ gk[ bWi ck`[h[i ik\h[d c|i de c[ gk[h‡W" c[ c[pgk_dWXW jeZe cWbjhWje gk[ bei ^ecXh[i$ ;b [ijkZ_e h[l[bÂŒ WZ[c|i" o YkWdZe de b[ WokZWXW W l[h W bei ^_`ei" c[ f[]WXWÇ" h[Yk[hZW BÂŒf[p gk[ [d bW i_[hhW hkhWb [n_ij[ cWoeh l_eb[dY_W \‡i_YW ,$, " Yed jh_ij[pW$ ;ijW ^_ijeh_W [i h[Ykhh[dj[ [d c_[djhWi gk[ [d bW YeijW hkhWb bei WZkbjei cWoeh[i gk[ Z[Wc# \k[ Z[ )$) $ ;d YkWdje W cWb# XkbWd feh [b YWiYe Yebed_Wb Z[ bW jhWje i[nkWb" [d ck`[h[i [i Z[ YWf_jWb$ @W_c[" de h[Yk[hZW ik *$- " c_[djhWi gk[ [d bei ^ec# Wf[bb_Ze d_ ik [ZWZ" WhhWijhWd# Xh[i [i '$) $
Ĺ? ĀĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?Ĺ?
;b kie Z[ l[^‡Ykbei eĂ’Y_Wb[i Z[ bW 9ec_i_ÂŒd Z[ Jh|di_je Z[b =kWoWi 9J= " [d d[Y[i_ZWZ[i Zecƒij_YWi Z[ lWh_ei eĂ’Y_Wb[i" [i [l_Z[dj[$ Bei fWjhkbb[hei i[ [cfb[Wd fWhW YWh]Wh bWi \kdZWi Z[ Yec_iWh_Wje" fWhW bb[lWh W ^_`ei Wb Yeb[]_e e h[Ye][hbei [d bWi Z_iYej[YWi$ Kd eĂ’Y_Wb Z[ Wf[bb_Ze =WhpÂŒd [i [b gk[ [ij| _dc[hie [d [ij[ fheXb[cW gk[ de fk[Z[ i[h YedjhebWZe feh bW 9J=$
5#ĹŠ#2/#!( +
Ĺ—ĹŠĹŠĹŠ
I[ hkcehW feh W^‡ gk[ Yece [b Wl_ÂŒd gk[ kj_b_pW HW\W[b 9ehh[W de [ij| W bW WbjkhW Z[ bW Yehj[ h[Wb" i[ lk[bl[ W f[diWh [d WZgk_h_h ejhW W[hedWl[ fWhW ik kie eĂ’Y_Wb" Z[ fWie" kdW gk[ j[d# ]W Wb]‘d Z_ij_dj_le fWhW gk[ YkWdZe Wj[hh_Y[ [d j_[hhWi [njhWd`[hWi de be h[l_i[d" _]kWb gk[ ikY[Z[ [d [b ;YkW# Zeh [d bei l_W`[i eĂ’Y_Wb[i$ ;b c_d_ijhe FedY[ de lebl[h| W c[j[h bW fWjW YedĂ’hcWZe [b Y^_ic[ Yece ^WY[ kdei c[i[i" YkWdZe \hkijhÂŒ feh _deY[djÂŒd bW YecfhW$
#15#9 ĹŠ8ĹŠ.1#) 2
Ĺ—ĹŠĹŠĹŠ
ĊĈÄ?ĹŠ
ēŊ +Ŋ,(-(231.Ŋ"#Ŋ +4"ĔŊ 5("Ŋ '(1( .% Ŋĸ(904(#1" ĚĔŊ1#!.11(¢Ŋ#+Ŋ'.2/(3 +Ŋ !.-Ŋ 43.1(" "#2Ŋ"#Ŋ+ Ŋ/1.5(-!( ēŊ
Zei o [ij|d ik`[jei W gk[ i[ \eh# c[d jWfed[i Z[ ceYe gk[ de b[i f[hc_j[ h[Y_X_h kdW WZ[YkWZW _dj[hl[dY_ÂŒd$ BW XWYj[h_W [cf_[#
pW W Ykbj_lWhi[ o YWkiWh d[kce# d‡W" bW c_icW gk[ b[ fheleYW kdW _d\[YY_ÂŒd [d bW iWd]h[Ç" [nfb_YÂŒ 9^_h_Xe]W$
Bei b‡ei Z[ bW 9[hl[Y[h‡W DWY_edWb" iki YedjhWZ_Y# Y_ed[i o gk[h[h `kij_Ă’YWh gk[ kd c_bbÂŒd o c[Z_e Z[ ^edehWh_ei [djh[]WZei W kd Z[iYedeY_Ze de [hWd fWhW Ye_cWi" fheleYWd gk[ Z[ bW YWiW cWjh_p l[d]Wd W l_]_bWh bW ef[hWY_ÂŒd o [ijkZ_Wd bW h[delWY_ÂŒd _dc[Z_WjW Z[ bWi Y‘fkbWi [`[Ykj_lWi Yh_ebbWi$ ;d jeZe YWie bei i[Yjeh[i eĂ’Y_Wb[i b[i ]WhWdj_pWh‡Wd gk[ bW Ikf[h Z[ 9ecfW‹‡Wi de _dj[hl[dZh|$
Ä…
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?ĀĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
— ŋ ŋ
Ĺ‹ Ĺ‹ Ĺ‹ Ĺ‹
Ä“ĹŠ +#7 -"1 ĹŠ +(9 #3'ĹŠ+ 1 ĹŠ+ ĹŠ3(#11 ĹŠ#-ĹŠ,#"(.ĹŠ"#ĹŠ+.2ĹŠ %1(!4+3.1#2ĹŠ"#ĹŠ -ĹŠ (!#-3#ĹŠ"#+ĹŠ ~.Ä“ĹŠ
Ŋ, + Ŋ24#13#Ŋ"#+Ŋ%#ŗŊŊ "#!#1Ŋ"#+Ŋ2~-"1.,#Ŋ"#Ŋ 1.-Ŋ#2Ŋ! 2(Ŋ4- Ŋ+.3#1~ ĔŊ"#Ŋ ++~Ŋ04#Ŋ' 8Ŋ3 -Ŋ/.!.2Ŋ ! 2.2Ŋ#-Ŋ#+Ŋ,4-".ēŊ 23 Ŋ +3#1 !(¢-Ŋ'.1,.- +Ŋ#2Ŋ'#1#"(3 1( ĔŊ2(-Ŋ#, 1%.Ŋ-.Ŋ
3.".2ĹŠ+.2ĹŠ/.13 ".1#2ĹŠ+ ĹŠ#7/1#2 -Ä“ĹŠ 1 ĹŠ04#ĹŠ4- ĹŠ/#12.- ĹŠ- 9! ĹŠ!.-ĹŠ#+ĹŠ2~-"1.,#ĹŠ 2#ĹŠ1#04(#1#ĹŠ04#ĹŠ/ "1#ĹŠ8ĹŠ, "1#ĹŠ' 8 -ĹŠ'#1#" ".ĹŠ+ ĹŠ,43 !(¢-ĹŠ%#-_3(! ĹŠÄą(-"#/#-Äą "(#-3#,#-3#ĹŠ"#ĹŠ24ĹŠ +341 ĹĔŊ#-ĹŠ#2#ĹŠ! 2.ĹŠ3#-"1;-ĹŠ#+ĹŠÄ‰ÄŽĹ˜ĹŠ"#ĹŠ/.2( (+(" "#2ĹŠ"#ĹŠ04#ĹŠ 242ĹŠ'().2ĹŠ24$1 -ĹŠ"#ĹŠ#23#ĹŠ3(/.ĹŠ"#ĹŠ#- -(2,.Ä“ĹŠ +%.ĹŠ04#ĹŠ3 , (_-ĹŠ' ĹŠ(-Ä„4(".ĹŠ#-ĹŠ#23.2ĹŠ #- -.2ĹŠ#2ĹŠ+ ĹŠ' (34 +ĹŠ#-".% ,( Ŋĸ$#!4-" !(¢-ĹŠ#-31#ĹŠ(-"(5("4.2ĹŠ"#ĹŠ+ ĹŠ,(2, ĹŠ #2/#!(#ĚŊ#-ĹŠ+ 2ĹŠ!.,4-(" "#2ĹŠ"#+ĹŠ241ĹŠ#!4 3.1( -.Ä“
¥ ēŊ -"1# Ŋ .1(- ĔŊ)4-3.Ŋ Ŋ24Ŋ'#1, - Ŋ -(3 Ŋ#234"( -Ŋ+ Ŋ,(2, Ŋ ! 11#1 Ŋ#-Ŋ+ Ŋ ē
"(3'ĔŊ +#7 -"1 Ŋ8Ŋ .1(- .) 2Ŋ2.-Ŋ"#Ŋ ) Ŋ#23 341 ē (5#-Ŋ#-Ŋ +3 2Ŋ8Ŋ .) ē
4!' -Ŋ/.1Ŋ(-2#13 12#ēŊ ŊŊľŊ Ŋ
', a_bÂŒc[jhei Z[ bW YWX[Y[hW YWd# jedWb Z[ FWbjWi 9WjWYeY^W [ij| [b XWhh_e IWd L_Y[dj[ Z[b H‡e" kd i[Yjeh feXbW# Ze feh ')& \Wc_b_Wi" Wfhen_cW# ZWc[dj[$ Iki ^WX_jWdj[i i[ Z[# Z_YWd W bW W]h_YkbjkhW i_[cXhWd cWd‡ $ 9Wb_nje He`Wi Z[ -) W‹ei o CWh_dW 7h_Wi Z[ ,," `kdje W iki i_[j[ ^_`ei l_l[d Wbb‡$ 9Wb_nje o CWh_dW ied W]h_# Ykbjeh[i$ 7b]kdei Z[ iki ^_`ei i_]k[d bW jhWZ_Y_ÂŒd o bWXhWd bW j_[hhW Yed iki fWZh[i$ ;i [b YWie Z[ 7b[nWdZhW ;b_pWX[j^" kdW Z[ bWi jh[i ^_`Wi gk[ jkle [ij[ cW# jh_ced_e o YkoW XW`W [ijWjkhW bW Yedl_[hj[" Wb _]kWb gk[ Zei Z[ iki ^[hcWdWi" [d kdW XWjWbbWZehW Z[ ]hWdZ[i h[jei$ 7b[nWdZhW [i bW gk_djW ^_`W Z[ bW \Wc_b_W He`Wi 7h_Wi" f[he de [i bW ‘d_YW gk[ dWY_ÂŒ Yed i‡d# Zhec[ Z[ BWhed e i‡dZhec[ Z[ _di[di_X_b_ZWZ W bW ^ehcedW Z[b Yh[Y_c_[dje$ 9Whc[d ;Z_j^ Z[ *' W‹ei o 7dZh[W 9eh_dW Z[ (, j_[# d[d [ijWjkhW XW`W$ BW fh_c[hW [i bW j[hY[hW Z[ bei i_[j[ ^[hcWdei o 9eh_dW [i bW ‘bj_cW$ ;b h[ije Z[ iki ^[hcWdei j_[d[d jWbbW deh# cWb" _]kWb gk[ iki fWZh[i$ ;d bW \Wc_b_W de iWX[d W Y_[d# Y_W Y_[hjW be gk[ eYkhh_ÂŒ Yed bWi jh[i" i_d [cXWh]e" c|i Wbb| Z[ kdW [nfb_YWY_ÂŒd Y_[dj‡ÒYW" iki fWZh[i o ^[hcWdei i[ ^Wd Z[Z_# YWZe W Xh_dZWhb[i YWh_‹e o Wfeoe fWhW _di[hjWhbWi W bW WYj_l_ZWZ dehcWb$ 7dZh[W 9eh_dW [ij| [d bW Kd_l[hi_ZWZ DWY_edWb Z[ Be`W KDB " YkhiW [b ZƒY_ce cÂŒZkbe Z[ bW YWhh[hW Z[ 7Zc_d_ijhWY_ÂŒd Z[ ;cfh[iWi o ^WY[ feYe i[ fei#
jkbŒ fWhW Yedi[]k_h kd jhWXW`e [d [b 8WdYe Z[b F_Y^_dY^W" i_d [cXWh]e" W‘d de ^W eXj[d_Ze h[ifk[ijW$ 7b[nWdZhW ;b_pWX[j^ Z[ )+ W‹ei" Wb _]kWb gk[ 9Whc[d ;Z_j^ [ijkZ_Œ [d IWd L_Y[dj[ Z[b H‡e" [bbW YedYbkoŒ [b j[hY[h Ykhie" f[he de Yedj_dkŒ$ Ik ^[hcWdW" ‘d_YWc[dj[ jkle bW _dijhkYY_Œd fh_cWh_W$ Bei jhWjWc_[djei W bei gk[ i[ iec[j_Œ" `kdje W iki Zei ^[hcWdWi" _cf_Z_[hed gk[ Yedj_# dkWhW ik \ehcWY_Œd WYWZƒc_YW$
1%.ĹŠ31 3 ,(#-3. CWh_dW 7h_Wi Z_`e gk[ @W_c[ =k[lWhW" [dZeYh_dÂŒbe]e be`Wde" gk_[d _Z[dj_\_YÂŒ [d f[hiedWi Z[ XW`W [ijWjkhW [b i‡dZhec[ Z[ BWhed" bWi WokZÂŒ W iki ^_`Wi fWhW i[]k_h [b jhWjWc_[dje gk[ ZkhÂŒ [djh[ YkWjhe o Y_dYe W‹ei" Wfhen_cWZWc[dj[$ xb" WYjkWbc[dj[ l_l[ [d Gk_# je o" i[]‘d bW \Wc_b_W" cWdj_[d[ YedjWYje Yed bWi jh[i$ O [i gk[ @W_c[ =k[lWhW Z[iZ[ gk[ _Z[d# j_Ă’YÂŒ [b i‡dZhec[ i[ ^W Z[Z_YWZe W h[Yehh[h [b ikh Z[b ;YkWZeh [d XkiYW Z[ c|i YWiei$ Iki [ijkZ_ei ^Wd h[kd_Ze c|i Z[ '&& fWY_[dj[i" be gk[ Yedij_# jko[ bW j[hY[hW fWhj[ Z[ jeZei gk_[d[i fWZ[Y[d [ijW [d\[hc[# ZWZ [d [b ckdZe$ O ^WijW [b ce# c[dje de ^W Z[j[YjWZe d_d]‘d j_fe Z[ Y|dY[h e Z_WX[j[i [d [ijW feXbWY_ÂŒd" f[i[ W gk[ \Wc_b_Wh[i Z[ [bbei i‡ be ^Wd fWZ[Y_Ze$ 7b fWh[Y[h" [ijWi f[hiedWi fh[i[djWd kdW _dckd_ZWZ ^WY_W [b Y|dY[h o bW Z_WX[j[i$ ;ije bei ^W lk[bje f_[pWi YbWl[i fWhW bW Y_[dY_W cƒZ_YW o kdW [if[hWd# pW Z[ l_ZW fWhW bW ^kcWd_ZWZ$ 9_[dj‡ÒYei o h[YedeY_ZWi YWZ[# dWi j[b[l_i_lWi Z[ bei ;ijWZei
1 !3#1~23(! 2
~-"1.,#ĹŠ"#ĹŠ 12.-
Ĺ—ĹŠĹŠ - -(2,.ĔŊ4- ĹŠ#23 341 ĹŠ-.ĹŠ, 8.1ĹŠ ĹŠĹŠ ĹŠĹŠĹŠĹŠĹŠĹŠÄˆÄ”Ä‰ÄŽĹŠ,#31.2Ä“ĹŠ Ĺ—ĹŠĹŠ 1#2#-3 -ĹŠ4-ĹŠ#-5#)#!(,(#-3.ĹŠ$~2(!.ĹŠĹŠĹŠĹŠ ĹŠĹŠĹŠĹŠĹŠ/1#, 341.Ä“ Ĺ—ĹŠĹŠ (#-#-ĹŠ2. 1#/#2.ĹŠ8ĹŠ,4#231 -ĹŠ4- ĹŠĹŠ ĹŠĹŠĹŠĹŠĹŠ"#$.1, !(¢-ĹŠ- 2 +Ä“ĹŠ Ĺ—ĹŠĹŠ Ä–ĹŠ +.04#.ĹŠ"#+ĹŠ1#!#/3.1ĹŠ"#ĹŠ+ ĹŠĹŠ ĹŠĹŠĹŠĹŠĹŠ'.1,.- ĹŠ"#ĹŠ!1#!(,(#-3.Ä“
Kd_Zei ^Wd fk[ije iki e`ei [d [ijei f[gk[‹ei Y_kZWZWdei Z[ ;YkWZeh$ 9Wb_nje He`Wi Wi[]khW gk[ [d ik \Wc_b_W ^kXe f[hiedWi Z[ XW`W [ijWjkhW$ :[ W^‡ gk[ [djh[ bW \W# c_b_W j_[d[d bW Yh[[dY_W Z[ gk[ [i ^[h[Z_jWh_e$ 7dZh[W 9eh_dW" Yed lep Z[ d_‹W" Wb _]kWb gk[ iki ^[h# cWdWi" Z_Y[ ^WX[hi[ Z[ife`WZe Z[ fh[`k_Y_ei o i[ ^Wd Z[Z_YWZe W l_l_h Yed jeZW dehcWb_ZWZ$ 7d# Zh[W 9eh_dW i[ YWb_Ă’YW Yece kdW Æ`el[d Wc_]k[hWÇ o Yed bW fh[# Z_ifei_Y_ÂŒd Z[ h[ifedZ[h W bWi [n_][dY_Wi bWXehWb[i gk[ b[ _c# fed]Wd" i_d [cXWh]e" c|i Wbb| Z[ bW i[]kh_ZWZ gk[ j_[d[" h[Ye# deY[ iki b_c_jWY_ed[i o ^WXbW Z[ [bbWi Yece ik cWoeh \ehjWb[pW$ 1 3 ,(#-3. D[bbo He`Wi 7h_Wi" ^[hcWdW" l_l_ÂŒ `kdje W [bbWi jeZe [b jhWjWc_[dje$ ;d 7b[nWdZhW o 9eh_dW ikhj_ÂŒ [\[Yje f[hc_j_ƒdZeb[i Yh[Y[h kd feYe c|i$ ;d ;Z_j^" W YWkiW Z[ ik [ZWZ" bei h[ikbjWZei de \k[hed bei [if[hWZei$ De eXijWdj[" WokZÂŒ W [l_jWh [b [diWdY^Wc_[dje Z[ YWZ[# hWi o [b ieXh[f[ie$ ;Z_j^ WokZW [d YWiW" 7b[nWd# ZhW bWXhW bW j_[hhW Yed iki fWZh[i o 7dZh[W 9eh_dW gk_[h[ YedYbk_h bW kd_l[hi_ZWZ fWhW fh[ijWh ik Yedj_d][dj[ [d Wb]kdW _dij_jk# Y_ÂŒd gk[ i[ be f[hc_jW$ ;Z_j^ o 7b[nWdZhW h[Y_X[d Xede feh Z_i# YWfWY_ZWZ$ 9eh_dW de" [bbW l_l[ Yed ik ^[hcWdW 7d_jW [d Be`W$ FWhW [ijW \Wc_b_W bWi jh[i ied kd [`[cfbe o kdW X[dZ_Y_ÂŒd$
˜ ( Ĺ‹- Ĺ‹ # ,, Ĺ‹)., Ĺ‹ #(-.,/ #š(Ĺ‹*),Ĺ‹ &ŋýúĚ
Ĺ? ĀĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?Ĺ?
Ć
2Ŋ! #9 2Ŋ5(2( +#2Ŋ"#Ŋ#23 Ŋ(-5#23(Ĺ % !(¢-Ŋ2.-Ŋ#+Ŋ!.1.-#+Ŋ "6(-Ŋ /( Ŋ8Ŋ#+Ŋ /.+(!~ Ŋ 1!.Ŋ ( ;-ē
.2Ŋ(,/43 ".2 ĊćĹ
Ĺ—ĹŠ 1-#+Ä“ĹŠ "6(-ĹŠ /( .2Ä“ĹŠ 1!.ĹŠ ( ;Ĺ—ĹŠ . Ĺ—ĹŠ 8Ä“ĹŠ 5(#1ĹŠ . Ĺ—ĹŠ 3%2Ä“ĹŠ 1(.ĹŠ +.1#2 ./Ä“ĹŠ 31(!(.ĹŠ (, -! 2 Ĺ—ĹŠ ./Ä“ĹŠ 5(#1ĹŠ / 3 Ĺ—ĹŠ ./Ä“ĹŠ +.-2.ĹŠ 4!#1. Ĺ—ĹŠ .2Ä“ĹŠ .2_ĹŠ #1#"( Ĺ—ĹŠ Ĺ—ĹŠ 3%2Ä“ĹŠ 423.ĹŠ 11 2!. Ĺ—ĹŠ 4 3#Ä“ĹŠ ĂŒ+ĹŠ #5#+.
2.ĹŠ 11(¢-ĹŠ ! ,(-.ĹŠ ĹŠ+.2ĹŠ 1( 4- +#2 Ĺ—ĹŠĹŠ ĹŠ/1(,#1 ĹŠ(-2314!!(¢-ĹŠÄƒ2! +ĹŠ #-ĹŠ!#11 12#ĹŠ$4#ĹŠ+ ĹŠ04#ĹŠ2#ĹŠ2(%4#ĹŠ/.1ĹŠ
#+ĹŠ/1#24-3.ĹŠ"#+(3.ĹŠ"#ĹŠ3#-3 3(5 ĹŠ"#ĹŠ 2#2(- 3.ĹŠ!.-31 ĹŠ#+ĹŠ/1#2("#-3#ĹŠ"#ĹŠ+ ĹŠ #/ĂŒ +(! ĔŊ $ #+ĹŠ .11# ĔŊ#-ĹŠ+ ĹŠ04#ĹŠ#+ĹŠ )4#9ĹŠ"#ĹŠ+ ĹŠ! 42 ĔŊ -3.-(.ĹŠ 4#11#1.ĔŊ ++ ,¢Ŋ ĹŠ)4(!(.ĹŠ +ĹŠ#7"(1#!3.1ĹŠ"#+ĹŠ .2/(3 +ĹŠ "#ĹŠ+ ĹŠ .+(!~ ĔŊ!.1.-#+ĹŠ _2 1ĹŠ 11(¢-ĔŊ#-ĹŠ ! +(" "ĹŠ"#ĹŠ!¢,/+(!#Ä“ -ĹŠ3 -3.ĹŠ04#ĔŊ+.2ĹŠ/.+(!~ 2ĹŠ 4(2ĹŠ ' ,.-"#ĔŊ (,#ĹŠ 4! 1ĹŠ 4 +.34 Ŋ 8ĹŠ 4(2ĹŠ 13~-#9ĹŠ$4#1.-ĹŠ++ , ".2ĹŠ ĹŠ )4(!(.ĹŠ#-ĹŠ! +(" "ĹŠ"#ĹŠ 43.1#2ĹŠ"#+ĹŠ"#+(3.ĹŠ (-5#23(% ".Ä“ -ĹŠ#23#ĹŠ/1.!#2.ĔŊ#+ĹŠÄƒ2! +ĹŠ 4(2ĹŠ -1~04#9ĹŠ2#ĹŠ 2345.ĹŠ"#ĹŠ !42 1ĹŠ ĹŠ +.2ĹŠ#7!., -" -3#2ĹŠ"#+ĹŠ #%(,(#-3.ĹŠ 4(3.ĔŊ!.1.-#+#2ĹŠ .2_ĹŠ (5 "#-#(1 ĔŊ "6(-ĹŠ !'#5#11~ ĹŠ8ĹŠ .2_ĹŠ 4#5 Ä—ĹŠ 8ĹŠ +ĹŠ/.+(!~ ĹŠ #.5 --8ĹŠ ' -!42(%ĔŊ "(!3 ,#-ĹŠ04#ĹŠ"# #1;ĹŠ2#1ĹŠ!.-ă1, Äą ".ĹŠ.ĹŠ1#!3(ă! ".ĹŠ/.1ĹŠ#+ĹŠÄƒ2! +ĹŠ24/#1(.1ĔŊ 1!.ĹŠ 1#(1#Ä“
CW‹WdW i[ Ykcfb[d bei Y_dYe c[# i[i gk[ [b Ă’iYWb Bk_i ;dh‡gk[p i[ jecÂŒ fWhW _dl[ij_]Wh [b fh[ikdje Z[b_je Z[ Wj[djWZe W bW i[]kh_ZWZ _dj[hdW Z[b ;ijWZe" Yece Yedi[# Yk[dY_W Z[ bei ^[Y^ei h[]_ijhWZei [d bW 7iWcXb[W DWY_edWb [b fWiW# Ze )& Z[ i[fj_[cXh[ Z[ (&'&$ ;d [ijW _dijhkYY_ÂŒd Ă’iYWb" [b fh_dY_fWb _cfkjWZe [i [b [n`[\[ Z[ bW ;iYebjW B[]_ibWj_lW" ;Zm_d JWf_W" o W ƒb i[ ^Wd ikcWZei ejhei dk[l[ fheY[iWZei$ 9ece ‘bj_cW Z_b_][dY_W [d [ij[ fheY[ie" [b Ă’iYWb ehZ[dÂŒ kdW l[hi_ÂŒd Z[b c_d_ijhe Z[ @kij_Y_W" @eiƒ I[hhWde" gk_[d i[ hWj_Ă’YÂŒ" c[Z_Wdj[ kd [iYh_je" [d ik Z[# dkdY_W Z[ gk[ Z[b ^[Y^e _dl[i# j_]WZe i[ [dj[hÂŒ W jhWlƒi Z[ bei c[Z_ei Z[ Yeckd_YWY_ÂŒd$ BW Z_b_][dY_W \k[ ieb_Y_jWZW feh [b YWXe Z[ feb_Y‡W" CWhYe J_X|d ^[hcWde Z[ bW WiWc# Xb[‡ijW BekhZ[i J_X|d " W gk_[d [b C_d_ijhe Z[ @kij_Y_W b[ i[‹WbW Yece kde Z[ bei _dij_]WZeh[i Z[ Wj[djWh YedjhW bW Z[ceYhWY_W o [b ehZ[d Yedij_jk_Ze$
ēŊ +.Ŋ 4#11#1.Ŋ8Ŋ 1!.Ŋ ( ;-ĔŊ"41 -3#Ŋ4- Ŋ 4"(#-!( Ŋ/.1Ŋ#+Ŋ! 2.ŊĊćŊ"#Ŋ #/3(#, 1#ēŊ
Yed ik Z[dkdY_W" i[ fkZe eXi[h# lWh kdW ]hWd YWdj_ZWZ Z[ eĂ’Y_W# b[i o [b[c[djei Z[ bW jhefW" [d bei YkWb[i i[ h[YedeY[ YbWhWc[dj[ Wb #12(¢-ĹŠ,(-(23#1( +ĹŠ ;b I[Yh[jWh_e Z[ ;ijWZe dWhhW gk[ feb_Y‡W CWhYe J_X|d =kWbW" Wi_]# [d bei l_Z[ei fh[i[djWZei feh bei dWZe W bW ;iYebjW$ I[hhWde Wi[]khW gk[ [ij[ fe# YWdWb[i Z[ j[b[l_i_ÂŒd" [if[Y_Wb# b_Y‡W" [d c‘bj_fb[i eYWi_e# c[dj[ [d bWi jecWi Z[b YW# d[i" h[Wb_pW WYjei j[dZ_[d# dWb Z[b =eX_[hde ;YkWZeh ĹŠ j[i W _cf[Z_h bW h[kd_ÂŒd JL fkXb_YWZWi [d [b fhe# ehZ_dWh_W Z[ bW 7iWcXb[W ]hWcW Ăˆ;d 8kiYW Z[ bW L[h# ZWZÉ" jhWic_j_Ze jWcX_ƒd [b ĹŠ3#-3 3(5 ĹŠ"#ĹŠ 2#2(- 3.ĹŠ#2ĹŠ! 2Äą o [b _d]h[ie Z[ bei WiWc# Zec_d]e '& Z[ eYjkXh[ Z[ 3(% " ĹŠ!.-ĹŠ1#!+4Äą Xb[‡ijWi Wb h[Y_dje$ :_Y[ 2(¢-ĹŠ"#ĹŠÄŒĹŠ ĹŠÄ‘ĹŠ (&'& feh J9 J[b[l_i_ÂŒd"  .2ĔŊ2#%ĂŒ-ĹŠ#+ĹŠ gk[ W [ijei WYjei i[ ikcW [b ^[Y^e gk[ Z[ ÆcWd[hW YkoW ]hWXWY_ÂŒd fh[i[djÂŒ 13Ä“ĹŠÄ‰Ä‰ÄŒĹŠ"#+ĹŠ ¢"(%.ĹŠ #- + fh[c[Z_jWZW o ZebeiWÇ i[ I[hhWde Yed`kdjWc[dj[
ĹŠ+ ĹŠ .13#ĹŠ -3#1 ,#1(! - ĹŠ ĹŠĹŠ 1 ĹŠ+ ĹŠ 2 , +#~23 ĹŠ"#ĹŠ !' *43(*ĹŠ .41"#2ĹŠ ( ;-ĔŊ+ ĹŠ"#3#-!(¢-ĹŠ"#ĹŠ24ĹŠ'#1, -.ĹŠ Ĺ— 1!.ĹŠ/.1ĹŠ+.2ĹŠ'#!'.2ĹŠ1#%(231 ".2ĹŠ#+ŊĊćŊ"#ĹŠ2#/3(#, 1#ĹŠ"#ĹŠÄ‰Ä‡ÄˆÄ‡Ä”ĹŠ#2ĹŠ-#3 ,#-3#ĹŠ /.+~3(! Ä“ĹŠ ĹŠ+#%(2+ ".1 ĔŊ)4-3.ĹŠ ĹŠ"#,;2ĹŠ$ ,(+( 1#2ĹŠ"#ĹŠ+.2ĹŠ/.+(!~ 2ĹŠ /1#2 ".2ĔŊ2#ĹŠ 1#ĂŒ-#-ĹŠ! " ĹŠ+4-#2ĹŠ/ 1 ĹŠ1#!+ , 1ĹŠ+ ĹŠ+( #13 "ĹŠ"#ĹŠ04(#-#2ĹŠ!.-2("#1 -ĹŠ2.-ĹŠ/1#2.2ĹŠ /.+~3(!.2Ä“ĹŠ ĹŠ/ 1+ ,#-3 1( ĹŠ -4-!(¢Ŋ04#ĹŠ5( ) 1;ĹŠ ĹŠ .23 ĹŠ (! ĹŠ/ 1 ĹŠ(-3#1/.-#1ĹŠ4- ĹŠ "#, -" ĹŠ!.-31 ĹŠ#+ĹŠ 23 ".ĹŠ -3#ĹŠ+ ĹŠ .13#ĹŠ -3#1 ,#1(! - ĹŠ"#ĹŠ #1#!'.2ĹŠ 4, -.2Ä“ĹŠ
Z[ife`W Z[ ik kd_\ehc[ feb_Y_Wb" fWhW bk[]e" kj_b_pWdZe hefW Z[ Y_l_b o kdW YWc_i[jW [d ik heijhe" Yedj_dkWh Yed ik WYY_Œd$ I[‹WbW jWcX_ƒd gk[ lWb_ƒdZe# i[ Z[ ik YedZ_Y_Œd Z[ Wkjeh_ZWZ f‘Xb_YW" i[ h[kd_Œ Yed [b `[\[ Z[
bW ;iYebjW B[]_ibWj_lW" ;Zm_d JWf_W" o ejhei eĂ’Y_Wb[i" W Ă’d Z[ _dY_jWh W iki YecfW‹[hei fWhW gk[ W]h[ZWd W bei WiWcXb[‡ijWi [ _cf_ZWd i[ h[Wb_Y[ bW i[i_ÂŒd" gk[ ^WX‡W i_Ze YedleYWZW fWhW [b )& Z[ i[fj_[cXh[$
'#&# Ĺ‹ Ĺ‹ - * , # )Ĺ‹ (Ĺ‹ -* ˜ Ĺ‹ -* , Ĺ‹ ĹŠ ĹŠÄ› BW \Wc_b_W Z[b [YkW# jeh_Wde :Whm_d F_[ZhW" Z[ '. W‹ei" Z[iWfWh[Y_Ze [d Z_Y_[cXh[ fWiWZe [d ;ifW‹W" [if[hW [b h[ikbjWZe Z[ bWi fhk[XWi Z[ 7:D h[Wb_pWZWi [d kd YWZ|l[h ^WbbWZe [d kd h‡e Z[ bW h[]_ÂŒd Z[ DWlWhhW dehj[ " fk[i bW feb_Y‡W XWhW`W bW ^_fÂŒj[i_i Z[ gk[ i[ jhWjWhW Z[ ik \Wc_b_Wh$ ;b YWZ|l[h \k[ beYWb_pWZe [b Zec_d]e [d [b h‡e 7h]W" W ik fWie feh bW beYWb_ZWZ dWlWhhW Z[ EjWpk" o" i[]‘d \k[dj[i Z[b ]eX_[hde h[]_edWb" feZh‡W i[h [b Z[ :W# hm_d <[hdWdZe F_[ZhW CeheY^e" Z[iWfWh[Y_Ze Z[iZ[ bW cWZhk]WZW Z[b (, Z[ Z_Y_[cXh[ Z[ (&'&" Z[i# fkƒi Z[ Y[dWh Yed kdei Wc_]ei [d bW Y_kZWZ Z[ FWcfbedW$ 7dj[ bW i[Z[ Z[b ?dij_jkje DWlWhhe Z[ C[Z_Y_dW B[]Wb" [d FWcfbedW" CWdk[b I_blW" kd
fehjWlep Z[ bW \Wc_b_W" Z_`e gk[ bWi YWhWYj[h‡ij_YWi Z[b YWZ|l[h fWh[Y[d _dZ_YWh gk[ f[hj[d[Y[ Wb Z[ F_[ZhW" h[i_Z[dj[ [d ;ifW# ‹W ^WY[ kdW ZƒYWZW$ I_blW" WYecfW‹WZe feh [b h[fh[i[djWdj[ [d ;ifW‹W Z[ bW I[Yh[jWh‡W DWY_edWb Z[b C_# ]hWdj[" âiYWh @WhW" i[‹WbÂŒ gk[ bW feb_Y‡W Y_[dj‡\_YW b[i jecÂŒ ck[ijhWi Z[ 7:D fWhW YedĂ’h# cWh i_ [b YWZ|l[h f[hj[d[Y[ W ik \Wc_b_Wh" o gk[ cW‹WdW e [b c_ƒhYeb[i fhÂŒn_ce i[h|d Yede# Y_Zei bei h[ikbjWZei$ ;d [b YWie Z[ gk[ i[ YedĂ’hcW# i[ gk[ [b YWZ|l[h Yehh[ifedZ[ W :Whm_d F_[ZhW" bW \Wc_b_W" gk[ ^eo j_[d[ fh[l_ije h[kd_hi[ Yed bW Z[b[]WZW Z[b =eX_[hde [d DW# lWhhW" ;bcW I|_p" [if[hWh‡W h[Y_# X_h [ijW c_icW i[cWdW [b h[ikb#
ēŊ -4#+Ŋ (+5 Ŋĸ!#-31.ĚĔŊ,.,#-3.2Ŋ -3#2Ŋ"#Ŋ#-31 1Ŋ +Ŋ -23(343.Ŋ 5 11.Ŋ"#Ŋ #"(!(- Ŋ #% +ē
jWZe Z[ bW Wkjefi_W fWhW YedeY[h bWi YWkiWi Z[ bW ck[hj[$ Æ;dj[dZ[cei gk[ ƒijW [i kdW fh[eYkfWY_ÂŒd b[]‡j_cW Z[ bei fW# Zh[i o jWcX_ƒd kdW fh[eYkfWY_ÂŒd gk[ j_[d[ gk[ j[d[h bW ieY_[ZWZ
dWlWhhW" jWd i[di_Xb[ Yed [ijei YW# ieiÇ" Z_`e @WhW" gk_[d _dijÂŒ W gk[ i[ WYbWh[ Æfeh gkƒ i[ ^W jWhZWZe jWd# jeÇ [d [dYedjhWh [b YWZ|l[h$ ;b h[fh[i[djWdj[ Z[b =eX_[hde Z[ ;YkWZeh WYbWhÂŒ gk[ de Z[i[W
^WY[h Æ`k_Y_ei Z[ lWbehÇ" f[he i‡ _d# i_ij_ÂŒ [d bW d[Y[i_ZWZ Z[ gk[ i[Wd Z[j[hc_dWZWi bWi Y_hYkdijWdY_Wi Z[b \Wbb[Y_c_[dje o [b ^[Y^e Z[ gk[ i[ ^WoW jWhZWZe c|i Z[ Zei c[i[i [d ^WbbWh [b Yk[hfe$
ć
^7.".ĹŠ"#ĹŠ $ ,(+( 2
Ĺ? ĀĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?Ĺ?
Ĺ—ĹŠĹŠ
.2Ŋ#-$1#-3 ,(#-3.2Ŋ8Ŋ#+Ŋ3#,.1Ŋ Ŋ 04#Ŋ+ Ŋ2(34 !(¢-Ŋ2#Ŋ 3 204#Ŋ#-Ŋ#23#Ŋ #-!+ 5#Ŋ/#31.+#1.ĔŊ' Ŋ#,/4) ".Ŋ Ŋ "#!#- 2Ŋ"#Ŋ$ ,(+( 2Ŋ Ŋ -".- 1Ŋ+ Ŋ +.! +(" "Ŋ#-Ŋ"(1#!!(¢-Ŋ Ŋ #-% 2(ĔŊ+ Ŋ 2#%4-" Ŋ!(4" "Ŋ"#+Ŋ/ ~2Ŋ8Ŋ#-Ŋ, -.2Ŋ "#Ŋ+.2Ŋ1# #+"#2ē -Ŋ#+Ŋ!.-31.+Ŋ1# #+"#Ŋ"#Ŋ 2Ŋ
-4$ĔŊ+ 2Ŋ$ ,(+( 2Ŋ+#5 -3 -Ŋ +.2Ŋ"#".2Ŋ#-Ŋ2# +Ŋ"#Ŋ5(!3.1( Ŋ #-31#Ŋ+.2Ŋ"(2/ 1.2Ŋ +Ŋ (1#Ŋ"#Ŋ+.2Ŋ ,(+(!( -.2Ŋ04#Ŋ-.Ŋ' !~ -Ŋ! 2.Ŋ Ŋ+ 2Ŋ ++ , " 2Ŋ"#Ŋ+.2Ŋ,(!1¢$.-.2Ŋ/ 1 Ŋ '.11 1Ŋ,4-(!(¢-ē
-5#23(% -ĹŠ2(ĹŠ5(5#-ĹŠ 31#2ĹŠ)#$#2ĹŠ"#ĹŠ+ 2ĹŠ
Ĺ—ĹŠĹŠĹŠ
:ĔŊ ĹŠÄ› ;b C_d_ij[h_e Z[ :[\[diW Z[ 9ebecX_W WXh_ÂŒ kdW _dl[ij_]WY_ÂŒd fWhW Z[j[h# c_dWh i_ jh[i `[\[i Z[ bWi <7H9 ZWZei feh ck[hjei feh [b ;`ƒhY_je [d Z_ij_djWi WYY_ed[i [d (&&+" (&&- o (&&/ i_]k[d Yed l_ZW" _d\ehcWhed Wo[h \k[dj[i Z[ [iW YWhj[hW$ BW _dl[ij_]WY_ÂŒd i[ WXh_ÂŒ W hW‡p Z[ kdW _d\ehcWY_ÂŒd fkXb_YWZW [b Zec_d]e feh [b Z_Wh_e ;b J_[cfe" gk[ WĂ’hcW gk[" i[]‘d \k[dj[i Z[ _dj[b_][dY_W" bei `[\[i ]k[hh_# bb[hei @kb_|d L_bbWc_pWh Wb_Wi Ăˆ8ohed O[f[iÉ " xbc[h CWjW 9Wl_[Z[i Ăˆ7bX[_he 9ÂŒhZeXWÉ o @eiƒ D[hkf H[o[i F[‹W Ăˆ;b 9Wcf[i_deÉ [ij|d l_lei$
-3#%1 -ĹŠ-4#5.ĹŠ %. (#1-.ĹŠ34-#!(-.
Ĺ—ĹŠĹŠĹŠ ĔŊ ĹŠÄ› ;b fh_c[h c_# d_ijhe Z[ Jkd[p" 8[o_ 9W_Z ;ii[Xi_ \eje " WdkdY_ÂŒ Wo[h bW \ehcWY_ÂŒd Z[ kd dk[le ]eX_[hde Z[ jhWdi_Y_ÂŒd gk[ i[ [dYWh]Wh| Z[ YedZkY_h [b fheY[ie Z[ceYh|j_Ye o bb[lWh| Wb fW‡i W bW Y[b[XhWY_ÂŒd [d `kb_e Z[ iki fh_c[hWi [b[YY_e# d[i b_Xh[i$ BW del[ZWZ Z[b [`[Ykj_le [i [b decXhWc_[dje Z[ i[_i h[ifediWXb[i [d bei c_d_ij[h_ei Z[ i[]kdZW Ă’bW gk[ gk[ZWhed i_d j_jkbWh jhWi bWi Z_c_i_ed[i Z[ bW fWiWZW i[cWdW" YkWdZe bW fh[i_ÂŒd fefkbWh eXb_]ÂŒ W Whhe`Wh bW jeWbbW Wb fh[Z[Y[ieh Z[ ;ii[X# i_" Ce^Wc[Z =WdkY^_$
_7(!.ĹŠ8ĹŠ Ä“ Ä“ĹŠ 2.+4!(.- -ĹŠ!.-Ä„(!3.ĹŠ "#ĹŠ31 -2/.13#ĹŠ ĹŠĹŠĹŠ
Ĺ—ĹŠĹŠĹŠ
ĹŠ ^ ĔŊ ĹŠÄ› ;b =eX_[hde Z[ Cƒn_Ye Z_e W YedeY[h bei Z[jWbb[i Z[ kd WYk[hZe Yed ;ijWZei Kd_Zei fWhW iebkY_e# dWh [b YedĂ“_Yje Z[b jhWdifehj[ j[hh[ijh[ Z[ YWh]W jhWidWY_e# dWb" Z[ifkƒi Z[ '+ W‹ei Z[ Z_ifkjWi o d[]eY_WY_ed[i$ Bei c_d_ijhei Z[ 9eckd_YWY_ed[i o JhWdifehj[i" :_ed_i_e Fƒh[p @|Yec[" o Z[ ;Yedec‡W" 8hk# de <[hhWh_" [nfb_YWhed gk[ [ij[ WYk[hZe i[ Ă’hcWh| [d cWoe e `kd_e fhÂŒn_cei" o f[hc_# j_h| [b _d]h[ie Z_h[Yje Z[ bei YWc_ed[i Z[ YWh]W Wb j[hh_jeh_e Yecfb[je Z[ bei Zei fW‡i[i$
ĹŠ ĹŠ "5(#13#ĹŠ ĹŠ " ÄƒĹŠ ĹŠ ĹŠ ĹŠ 2#%41¢Ŋ 8#1ĹŠ04#ĹŠ+ ĹŠ Ĺ—!.,4-(" "ĹŠ(-3#1- !(.- +ĹŠ !34 1;ĹŠ Ä“ĹŠ (5(+#2ĹŠ 1, ".2ĹŠ)4-3.ĹŠ ĹŠ4- ĹŠ ,#31 ++ ".1 ĹŠ -3( _1# ĹŠ!#1! ĹŠ"#ĹŠ+ ĹŠ1#ă-#1~ ĹŠ"#ĹŠ 2ĹŠ -4$ĔŊ ( ( Ä“
&Ĺ‹ 0 ( Ĺ‹, & Ĺ‹ -Ĺ‹ . (# )Ĺ‹ (Ĺ‹ -Ĺ‹ (/
ĹŠ 5( !(¢-ĹŠÄƒ#+ĹŠ ĹŠ " ÄƒĹŠ!.-3(-ĂŒ ĹŠ ., 1"# -".ĹŠ / 1 ĹŠ ,#"1#-3 1ĹŠ ĹŠ +.2ĹŠ,(+(!( -.2Ä“ ĹŠ Ŋĸ ĚĔŊ ĔŊ ĹŠÄ› ;b
WlWdY[ h[X[bZ[ ^WY_W bW Y_kZWZ Z[ I_hj[ Y[djhe fWh[Y‡W ^WX[h# i[ WjWiYWZe Wo[h [d [b [dYbWl[ f[jheb[he Z[ HWi BWdk\ [ij[ " Z[ ZedZ[ ^Wd iWb_Ze Z[Y[dWi Z[ \Wc_b_Wi Yed Z[ij_de W 8[d# ]Wi_" i[]kdZW Y_kZWZ b_X_W o fh_dY_fWb XWij_Œd Z[ bW efei_# Y_Œd h[X[bZ[$
ÆDe i_]|_i WlWdpWdZe" gk[# ZWei Wgk‡" Z[X[cei fhej[][h [b f[jhÂŒb[eÇ" h[f[j‡Wd Wo[h bei WbjW# leY[i Z[ kd YeY^[ [d [b fk[ije Z[ Yedjheb Z[ bei c_b_Y_Wdei [d bWi fk[hjWi Z[ HWi BWdk\" ZedZ[ bW Wl_WY_ÂŒd Ă’[b W =WZWĂ’ XecXWhZ[ÂŒ [d lWh_Wi eYWi_ed[i fWhW Wc[# Zh[djWh W bei c_b_Y_Wdei" Yece fkZe YedijWjWh ;\[$
(5(+#2ĹŠ(-#7/#13.2
7b c[dei [d jh[i eYWi_ed[i bWi XWj[h‡Wi Wdj_Wƒh[Wi Z[ [ijW fei_# Y_ÂŒd h[X[bZ[ _dj[djWhed i_d ƒn_je Z[hh_XWh W bei Wl_ed[i gk[ WjWYW# hed fh_c[he W lWh_ei a_bÂŒc[jhei Z[ bW fei_Y_ÂŒd" Z[ifkƒi W Y_dYe o Ă’dWbc[dj[ W c[dei Z[ c_b c[#
jhei Z[ ZedZ[ i[ YedY[djhWXWd kdei Zei Y[dj[dWh[i Z[ `ÂŒl[d[i c_b_Y_Wdei$ 9ed YWZW [nfbei_ÂŒd [b c_i# ce h_jkWb0 ]h_jei" Z_ifWhei Z[ bWi XWj[h‡Wi Wdj_Wƒh[Wi" ^k_ZWi Z[ifWleh_ZWi ^WY_W [b Z[i_[hje o [b h[jkcXWh Z[ bW febleh_[djW [nfbei_ÂŒd$ :[ifkƒi" bei _d[nf[hjei h[X[b# Z[i lk[bl[d W kd_hi[ o Yec_[d# pWd W Y[b[XhWh gk[ bW [nfbei_ÂŒd de ^W YW‡Ze ieXh[ [bbei Z_ifW# hWdZe Wb W_h[ iki f_ijebWi o c[# jhWbb[jWi o YWdjWdZe YWdY_ed[i fWjh_ÂŒj_YWi o YedjhW [b b‡Z[h b_X_e" CkWcWh [b =WZWĂ’$ ÆIed Yece d_‹ei Yed hefW dk[lW [d kd Z‡W Z[ Ă’[ijWÇ" Yed#
2(ĹŠ#+ĹŠ1_%(,#-ĹŠ"#ĹŠ 4 , 1ĹŠ#+ĹŠ " ÄƒĹŠ !.-3(-ĂŒ ĹŠ' !(#-".ĹŠ42.ĹŠ"#ĹŠ+ ĹŠ5(.+#-Äą !( ĹŠ!.-31 ĹŠ+ ĹŠ/. + !(¢-ĹŠ!(5(+ĹŠ"#ĹŠ ( ( Ä” 4-04#ĹŠ"#)¢Ŋ!+ 1.ĹŠ04#ĹŠ+ ĹŠ +( -9 ĹŠ-.ĹŠ (-(!( 1;ĹŠ-(-%4- ĹŠ !!(¢-ĹŠ2(-ĹŠ#+ĹŠ 5 +ĹŠ "#ĹŠ+ 2ĹŠ !(.-#2ĹŠ -(" 2Ä“ĹŠÄĄ (ĹŠ " ÄƒĹŠ 8ĹŠ242ĹŠ$4#19 2ĹŠ!.-3(-ĂŒ -ĹŠ 3 ! -".ĹŠ 2(23#,;3(! ,#-3#ĹŠ ĹŠ+ ĹŠ/. + !(¢-ĔŊ+ ĹŠ !.,4-(" "ĹŠ(-3#1- !(.- +ĹŠ2(,/+#Äą ,#-3#ĹŠ-.ĹŠ/4#"#ĹŠ2#-3 12#ĹŠ8ĹŠ,(1 1ĢĔŊ "5(13(¢Ŋ#+ĹŠ2#!1#3 1(.ĹŠ%#-#1 +ĹŠ +( ".ĔŊ -"#12ĹŠ .%'ĹŠ 2,422#-Ä“
Ă’[iW ?XhW^_c Wb @eZ[_h_" kd [n c_b_jWh Z[ +& W‹ei gk[ WXWdZedÂŒ [b ;`ƒhY_je ^WY[ jh[i W‹ei jhWi ik# \h_h kdW jhecXei_i kdW l[p Ykc# fb_Zei (' W‹ei Z[ i[hl_Y_e$ .ĹŠ04(#1#-ĹŠ4- ĹŠ, 3 -9
JWdje <Wj^_ Yece @eZ[_h_" gk[ i[ [dYk[djhW [d [b fk[ije \hedj[h_pe Z[ 8h[]W" W '(& a_bÂŒc[jhei Wb [ij[ Z[ HWi BWdk\" Yece lWh_ei h[X[b# Z[i YedikbjWZei feh ;\[" Yh[[d gk[ bW _dj[dY_ÂŒd Z[ bWi Xh_]WZWi Z[ =WZWĂ’ de [i ejhW gk[ WikijWh W bei h[X[bZ[i$ ÆDe gk_[h[ kdW cWjWdpW Z[ Y_l_b[i" WZ[c|i ^Wo f[h_eZ_ijWi$ Be gk[ gk_[h[ [i gk[ de WlWdY[d" gk[ h[jheY[ZWdÇ" Yec[djW <Wj^_$
' ŋ #-*)( ŋ, (/ ,ŋ$/# #)-ŋ )(., ŋ*, -)-ŋ (ŋ / (.6( ') ĔŊ ĚŊě ;b fh[i_Z[dj[
Z[ ;;$KK$" 8WhWYa EXWcW" Z[# Yh[jÂŒ Wo[h" [d kdW ehZ[d [`[Yk# j_lW" [b h[ijWXb[Y_c_[dje Z[ bWi Yec_i_ed[i c_b_jWh[i" gk[ iki# f[dZ_ÂŒ Wb Yec_[dpe Z[ ik cWd# ZWje" fWhW `kp]Wh W Y_[hjei fh[iei h[j[d_Zei [d =kWdj|dWce$ ;d kd Yeckd_YWZe Z_ijh_Xk_# Ze feh bW 9WiW 8bWdYW" EXWcW _dZ_YÂŒ gk[ [ijW o ejhWi c[Z_ZWi ÆWcfb_Wh|d dk[ijhW YWfWY_ZWZ Z[ bb[lWh W bei j[hheh_ijWi Wdj[ bW @kij_Y_W" fhefehY_edWh| ikf[hl_# i_ÂŒd Z[ dk[ijhei WYjei o ]WhWd# j_pWh|d [b jhWje ^kcWde Z[ bei Z[j[d_ZeiÇ$ BW c[Z_ZW h[fh[i[djW kdW dk[lW WZc_i_ÂŒd Z[b fh[i_Z[dj[ [ijWZekd_Z[di[ ieXh[ bW Z_\_# YkbjWZ Z[ Y[hhWh [iW fh_i_ÂŒd" [b fh_c[h Yecfhec_ie gk[ WZefjÂŒ
jhWi ik bb[]WZW Wb feZ[h [d [d[he Z[ (&&/$ F[i[ W jeZe" bW 9WiW 8bWdYW ik# XhWoW gk[ f[hcWd[Y[ Yecfhec[# j_ZW Yed Æ[b Z_\‡Y_b Z[iW\‡e Z[ Y[hhWh =kWdj|dWceÇ" bW fh_i_ÂŒd [ijWXb[# Y_ZW [d [iW XWi[ c_b_jWh Z[ 9kXW [d (&&' fWhW Wbe`Wh W bei fh[iei ieif[Y^eiei Z[ j[hheh_ice$ BW Z[Y_i_ÂŒd i[ jecW Z[ifkƒi Z[ gk[ [b 9ed]h[ie _cfki_[hW [b fWiWZe Z_Y_[cXh[ h[ijh_YY_ed[i W bW fei_X_b_ZWZ Z[ `kp]Wh W fh[iei Z[ =kWdj|dWce [d jh_XkdWb[i Y_# l_b[i [ijWZekd_Z[di[i$ ;b =eX_[hde" _dZ_YW bW 9WiW 8bWdYW" Æi[ efed[ W [ijWi h[ijh_Y# Y_ed[i Yece kd Z[iW\‡e f[b_]heie o i_d fh[Y[Z[dj[i W bW Wkjeh_ZWZ Z[b ;`[Ykj_le W Z[Y_Z_h [b cƒjeZe c|i [\[Yj_le fWhW bb[lWh W bei j[# hheh_ijWi Wdj[ bW @kij_Y_WÇ$
Ä“ĹŠ 1 !*ĹŠ , ĹŠ3(#-#ĹŠ/1#5(23.ĹŠ!#11 1ĹŠ#23#ĹŠ!#-31.ĹŠ! 1!#+ 1(.Ä“
Ĺ?
Ĉ
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?ĀĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
u ĆŋĒ ŋ ŋ ŋ ŋ ē
2ĹŠ!#+# 1 !(.-#2ĹŠ!.-ĹŠ+ 2ĹŠ"($#1#-3#2ĹŠ#2!4#+ 2ĹŠ "#ĹŠ (+#ĹŠ!.-3(-ĂŒ -ĹŠ#-ĹŠ+.ĹŠ,;2ĹŠ +3.ĹŠ' 23 ĹŠ'.8Ä“
B
Wi [iYk[bWi Z[ iWcXW bb[lWhed [b Zec_d]e feh bW deY^[ o cW# Zhk]WZW Z[ Wo[h Wb Z[b_h_e W H‡e Z[ @Wd[_he Yed iki Yebeh_ijWi o i[dikWb[i Z[iĂ’b[i" gk[ i[ Z[ijWYWhed feh ik [ifb[dZeh [d# jh[ [b h[]k[he Z[ Ă’[ijWi YWbb[`[hWi Z[ 9WhdWlWb gk[ ^Wd Yedl[hj_Ze W 8hWi_b [d kd ^[hl_Z[he$ 7o[h [d bW cWZhk]WZW Z[iĂ’# bWhed o XW_bWhed Wb h_jce \h[dƒ# j_Ye Z[ bW iWcXW i[_i [iYk[bWi" YWZW kdW _dj[]hWZW feh Y[hYW Z[ *$&&& f[hiedWi WjWl_WZWi Yed Z_i\hWY[i W YkWb c|i [if[YjWYk# bWh" Yebeh_Ze o WfWhWjeie$ BW l[bWZW Yec[dpÂŒ W bWi ('0&& Z[b Zec_d]e o i[ fhebed]ÂŒ ^WijW [b WcWd[Y[h Z[ Wo[h" kd ^ehWh_e [d [b gk[ jeZWl‡W W]kWdjWXWd
Yed ]WdWi Z[ Ă’[ijW bei ,&$&&& [if[YjWZeh[i gk[ i[ W]bkj_dWhed [d [b IWcXÂŒZhece" bW Wl[d_ZW \bWdgk[WZW feh ]hWZ[h‡ei gk[ Yedij_jko[ [b Wkjƒdj_Ye [f_Y[djhe Z[b 9WhdWlWb Z[ H‡e$ BW WYjkWY_ÂŒd c|i [if[hWZW Z[ bW deY^[ [hW bW Z[ bW [iYk[bW Kd_Zei ZW J_`kYW" bW YWcf[edW Z[b 9WhdWlWb Z[b W‹e fWiWZe" gk[ [d bW cWZhk]WZW Z[ [ij[ bkd[i WhhWdYÂŒ W bei [if[YjWZeh[i Z[ iki Wi_[djei Yed kd YWkj_lWZeh [if[Yj|Ykbe gk[ h_dZ_ÂŒ ^ec[dW`[ Wb Y_d[ Z[ WYY_ÂŒd o Z[ j[hheh$ ;d kdW Z[ bWi YWhhepWi c|i ieh# fh[dZ[dj[i" kd ?dZ_WdW @ed[i kiÂŒ kdW b_WdW fWhW [iYWfWh feh feYe Z[ kdW heYW [dehc[ o" [d ejhW" kd j_XkhÂŒd [dehc[ ikh]_ÂŒ Z[b \edZe Z[ kdW f_iY_dW fWhW ÆZ[lehWhÇ W kd Whj_ijW" [d kd jh_Xkje W [ijei Zei Yb|i_Yei Z[b Y_d[$
JWcfeYe \WbjWhed d_ bei j‡f_# Yei o [ijhk[dZeiei h[f_gk[i Z[ bWi XWj[h‡Wi" \ehcWZWi feh Z[Y[# dWi Z[ f[hYki_ed_ijWi" d_ bWi i[d# ikWb[i XW_bWh_dWi Yed l_ijeiei fbkcW`[i o hefWi Z_c_dkjWi gk[ eYkfWd bei bk]Wh[i c|i Z[ijWYW# Zei [d YWZW Z[iÒb[$ ,.2.2
;djh[ bei heijhei c|i \Wceiei gk[ XW_bWhed feh [b IWcXÂŒZhece i[ [dYedjhWXWd bW ceZ[be =_i[b[ 8”d# ZY^[d o [b \kjXeb_ijW HedWbZ_d^e =W‘Y^e" gk_[d h[Yehh_ÂŒ bW Wl[d_ZW Zei l[Y[i" _dl_jWZe feh bWi [iYk[bWi Z[ Fehj[bW o CWd]k[_hW" gk[ \k[ bW gk[ Y[hhÂŒ bW l[bWZW oW Yed bW bkp Z[b Z‡W o XW`e kdW Ă’dW bbkl_W$ ;2ĹŠ$.3.2ĹŠ"#+ĹŠ! 1- 5 +ĹŠ#666Ä“+ '.1 Ä“!.,Ä“#!
ÂĄ Ä“ĹŠ - ĹŠ (+ 1(- ĹŠ"#ĹŠ+ ĹŠ#2!4#+ ĹŠ"#ĹŠ2 , ĹŠ .13#+ ĹŠ/ 13(!(/ ĹŠ"#+ĹŠ"#2ă+#ĹŠ#-ĹŠ #+ĹŠ , ¢"1.,.ĹŠ"#ĹŠ ~.Ä“
Ä“ĹŠ +ĹŠ"#+ -3#1.ĹŠ 1 2(+# .ĹŠ .- +"(-'.ĹŠ ĂŒ!'.ĔŊ"#+ĹŠ + ,#-%.ĔŊ/ 13(!(/¢Ŋ #-ĹŠ#+ĹŠ"#2ă+#ĹŠ"#ĹŠ+ ĹŠ#2!4#+ ĹŠ"#ĹŠ , ĹŠ -%4#(1 ĹŠ#-ĹŠ ~.Ä“
ēŊ Ŋ +#%1~ Ŋ2#Ŋ"#2 .1"¢Ŋ#-Ŋ! " Ŋ4- Ŋ"#Ŋ+ 2Ŋ !34 !(.-#2ē
^ Ä“ĹŠ ĹŠ#2!4#+ ĹŠ"#ĹŠ -(".2ĹŠ" ĹŠ ()4! ĹŠ/ 13(!(/¢Ŋ#-ĹŠ#+ĹŠ/1(,#1ĹŠ"~ ĹŠ"#ĹŠ+.2ĹŠ"#2ă+#2ĹŠ"#ĹŠ+ 2ĹŠ#2!4#+ 2ĹŠ"#ĹŠ2 , ĹŠ"#ĹŠ ~.ĹŠ"#ĹŠ -#(1.Ä“
ēŊ (-%4+ 1#2Ŋ1#/1#2#-3 !(.-#2Ŋ"#Ŋ31 -2$.1,#2Ŋ/ 2 1.-Ŋ/.1Ŋ#+Ŋ , ¢"1.,.ē
ĉ
Ĺ? ĀĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?Ĺ?
4)#1#2ĹŠ#)#!43(5 2ĹŠ"#ĹŠ'.8
+Ŋ_7(3.Ŋ-.Ŋ3(#-#Ŋ4- Ŋ$¢1,4+ Ŋ2#!1#3 ĔŊ 2#Ŋ2.23(#-#Ŋ#-Ŋ#+Ŋ $;-Ŋ"#Ŋ!.-.!(,(#-3.Ŋ -#!#2 1(.Ŋ/ 1 Ŋ2#15(1Ŋ Ŋ+ Ŋ2.!(#" "ē
-ĹŠ%1 -ĹŠ2 !1(ă!(.
C_‹e W iki ^_`ei b[i Yedi_Z[# hW d_‹ei ceZ[hdei fehgk[ i[ Yh_Whed [d ]kWhZ[h‡Wi$ Æ>WY[ '& W‹ei l_W`ƒ W ;ijWZei Kd_Zei feh cej_le Z[ [ijkZ_ei" d[Y[i_jWXW
+ĹŠ 13#ĹŠ"#ĹŠ+ ĹŠ/ + 1
JWd_W HekhW CWY^kYW" Yed [i# jkZ_ei [d >_ijeh_W Z[b 7hj[ [d ;khefW" i[ Z[Z_YW W bW b[YjkhW [ _dl[ij_]WY_ÂŒd fWhW [iYh_X_h del[#
Ä“ĹŠ +ĹŠ_7(3.ĹŠ#23;ĹŠ#-ĹŠ+ ĹŠ/#12#5#1 -!( ĹŠ ĹŠ+ ĹŠ04#ĹŠ#++ 2ĹŠ+#ĹŠ /4#23 -Ä“ĹŠ
bW ^_ijŒh_YW [YkWjeh_WdW" dWhhWZW Z[iZ[ f[hiedW`[i \[c[d_dei$ Ik W\|d ^W i_Ze i_[cfh[ Yedijhk_h kdW Yeb[YY_Œd Z[ eXhWi fhef_Wi$ 7i‡" [cf[pŒ W [iYh_X_h ^WY[ '& W‹ei kd j[nje ieXh[ CWdk[bW IW[dp" bk[]e kde WY[hYW Z[ CWh_W# dW 9WhY[bƒd" c|i YedeY_ZW Yece bW CWhgk[iW Z[ IebWdZW [ifeiW Z[ 7djed_e @eiƒ Z[ IkYh[ $ 7YjkWbc[dj[ jhWXW`W [d kd j[hY[h Yecf[dZ_e WY[hYW Z[ CW#
h_[jW Z[ L[_dj_c_bbW$ ;d [ijW de# l[bW YedYbko[ ik Z[iYh_fY_Œd Z[b i_]be N?N Yed bW h[lebkY_Œd Wb\W# h_ijW$ Ik c[jW [i be]hWh bW Yec# f_bWY_Œd Z[ kd YkWhje o gk_dje b_Xhe WZ_Y_edWb[i$ ;b fh_c[he Z[ [bbei Z[iYh_X_h‡W Z[iZ[ bW h[le# bkY_Œd Wb\Wh_ijW ^WijW bW h[lebk# Y_Œd Z[ bW ]beh_eiW o [b i[]kdZe" Z[ [ijW ‘bj_cW W dk[ijhei Z‡Wi" Yece kd h[ikc[d ^_ijŒh_Ye Z[b ;YkWZeh h[fkXb_YWde$
I_[cfh[ Yh[oÂŒ gk[ bW ^_ije# h_W [hW kdW ]hWd \|XkbW gk[ dei ^WX‡Wd h[bWjWZe Z[iZ[ [b fkdje Z[ l_ijW Z[ bei l[dY[Zeh[i e Z[ gk_[d[i cWd[`WXWd [b feZ[h$ ÆGk_i[ YedjWh Wb]e h[Wb Yed c[# dei jhWcfW" [d [ij[ i[dj_Ze bei [nYbk_Zei [hWd _dZ_ei" d[]hei o bWi ck`[h[i e bWi ]hWdZ[i i_b[d# Y_WZWi" fehgk[ Z[Y_h gk[ Z[jh|i Z[ kd ]hWd ^ecXh[ ^Wo kdW ]hWd ck`[h YWh[Y[ Z[ Yedi_ij[dY_WÇ$
B_dW <hWdY_iYW C_‹e HWpe */ " [Yedec_ijW ]hWZkWZW [d bW Kd_# #3 ++#2 l[hi_ZWZ 9WjÂŒb_YW" Yed kdW [if[# 1 ĹŠ +! -9 1ĹŠ342ĹŠ,#3 2ĹŠ Y_Wb_pWY_ÂŒd [d 7Zc_d_ijhWY_ÂŒd Z[ ?dij_jkY_ed[i <_dWdY_[hWi eX# ĹŠ ĹŠ,4)#1ĹŠ#7(3.2 ĹŠ"#ĹŠ'.8ĹŠ#2ĹŠ04(#-ĹŠ+.%1 ĹŠ j[d_ZW W jhWlƒi Z[ kd Yedl[d_e Ĺ—, -#) 1ĹŠ!.-ĹŠ#04(+( 1(.ĹŠ24ĹŠ5(" ĹŠ+ .1 +ĹŠ8ĹŠ gk[ bW Kd_l[hi_ZWZ J[YdebÂŒ]_YW $ ,(+( 1Ä“ ;gk_deYY_Wb KJ; ^_pe Yed [b ĹŠ 8ĹŠ04#ĹŠ3#-#1ĹŠ2#-3(".ĹŠ"#ĹŠ1#2/.-2 (+(Äą =eX_[hde Z[ Ik_pW" jhWXW`W Z[iZ[ Ĺ—" "ĹŠ8ĹŠ -3#ĹŠ3.".ĹŠ5 +#12#ĹŠ/.1ĹŠ2~ĹŠ,(2, 2Ä“ĹŠ ^WY[ (/ W‹ei [d [b |h[W Z[ 9hƒZ_# je ;ZkYWj_le$ ĹŠ +ĹŠ#2/~1(34ĹŠ"#ĹŠ(-!.-$.1,(" "ĹŠ+#ĹŠ 84" 1;ĹŠ ĹŠ Ĺ—#7(%(12#ĹŠ/.2(3(5 ,#-3#Ä“ĹŠ 9edi_Z[hW Ægk[ bW [ZkYWY_ÂŒd [i bW fh_dY_fWb ^[hhWc_[djW gk[ j_[d[ [b i[h ^kcWde fWhW c[# `ehWh ik YWb_ZWZ Z[ l_ZWÇ$ Feh f[h\[YY_edWhc[ [d [b _Z_ecW _d# [bbe i_[dj[ ]hWd iWj_i\WYY_ÂŒd Wb ]bƒi o jkl[ gk[ Z[`Whbei Wb Yk_ZW# f[diWh gk[ Yed ik bWXeh Ze Z[ c_ cWh_Ze o cW# WokZW W gk[ [b fheo[Yje Zh[Ç$ 7i[]khW gk[ [bbei Z[ c_b[i Z[ f[hiedWi i[ ĹŠ i[ efed‡Wd Wb fh_dY_f_e" ^W]W h[Wb_ZWZ" i_d _c# f[he iki ^_`ei de Z[`W# fehjWh iki _dYedl[d_[d# .-2#15 1ĹŠ4- ĹŠ XWd Z[ WfeoWhbW o WZc_# !3(34"ĹŠ+ĂŒ!(" ĹŠ8ĹŠ j[i [YedÂŒc_Yei$ hWhbW feh ik lWb[dj‡W Wb 2#1#- ĹŠ -3#ĹŠ#+ĹŠ ;d ik YWhh[hW" C_‹e ,4-".ĹŠ".3 ĹŠ ĹŠ+ ĹŠ l_i_jWh j_[hhWi [njhW‹Wi$ \ki_edÂŒ ik Wceh feh bei ,4)#1ĹŠ"#ĹŠ3 +#-3.Ä“ L_W`Wh Wb [njhWd`[he d‘c[hei o bW Wb[]h‡W gk[ [i kdW efehjkd_ZWZ gk[ b[ i_]d_Ă’YWXW \Wleh[Y[h W `Wc|i Z[X[ Z[iWfhel[# bW ][dj[ feh c[Z_e Z[ fbWd[i ie# Y^Whi[" ieXh[ jeZe fehgk[ i[ Ye# Y_Wb[i$ ÆJkl[ bW efehjkd_ZWZ Z[ deY[ ejhWi YkbjkhWi" [nfh[iW$ Æ;i bb[]Wh Wb ?dij_jkje ;YkWjeh_Wde Z[ i[dY_bbWc[dj[ _dlWbkWXb[" WZ[# 9hƒZ_je ;ZkYWj_le o 8[YWi ?;9; " c|i j[ f[hc_j[ Wfh[Y_Wh be dk[i# [d ZedZ[ Wfhel[Y^e Wb c|n_ce jhe o Z[ h[]h[ie _dj[djWi Wfb_YWh [ijWi Zei fWi_ed[iÇ$ o \ki_edWh be Wfh[dZ_ZeÇ$ 7 l[Y[i Z_Y[0 Æf[hY_Xe gk[ H[Yk[hZW Yece ik cWZh[" c_[djhWi kd `el[d dei ^WXbW Z[ Z[ifkƒi Z[ gk[ZWh l_kZW" i[ l_e iki fhefÂŒi_jei o Z[ bWi Z_Ă’YkbjW# [d bW eXb_]WY_ÂŒd Z[ iWb_h W jhW# Z[i fWhW bb[lWhbei W YWXe" i_[dj[ XW`Wh fWhW cWdj[d[h W iki i_[j[ c|i YedĂ’WdpW [d deiejhei gk[ [d ^_`ei$ ;i[ [`[cfbe bW cej_lÂŒ W bk# iki fhef_ei fWZh[i e Wc_]eiÇ$ Y^Wh [d bW l_ZW W\hedjWdZe h[jei o WZl[hi_ZWZ[i$
/ 0)Ĺ‹ -. ' (.)Ĺ‹Ä’0 , Ä“Ĺ‹ * , Ĺ‹ )(.,)& ,Ĺ‹*)&v.# -Ĺ‹
ĹŠ (."(5#12(" "ĹŠ/."1;ĹŠ2#1ĹŠ,#).1ĹŠ!.-Äą 2#15 " ĹŠ!.-ĹŠ4- ĹŠ + 3 $.1, ĹŠ -3#1%4Äą #1- ,#-3 +Ä“ :ĔŊ ^ ĹŠĹŠÄ› JhWi kd gk_dgk[d_e Z[ fh[fWhWY_ed[i" [ij[ W‹e i[ bWdpWh| \ehcWbc[d# j[ bW FbWjW\ehcW ?dj[h]kX[hdW# c[djWb ieXh[ 8_eZ_l[hi_ZWZ o I[hl_Y_ei Z[ ;Yei_ij[cWi ?f# X[i" feh iki i_]bWi [d _d]bƒi $ FWhW Wb]kdei Z[ iki _cfkbieh[i ^WijW bWi Z[Y_i_ed[i Z[ bW Eh]W# d_pWY_ÂŒd CkdZ_Wb Z[b 9ec[hY_e EC9 Z[X[h‡Wd iec[j[hi[ W ik Wd|b_i_i$ BW ?fX[i \kdY_edWh| Z[ ceZe Wd|be]e Wb =hkfe ?dj[h]kX[hdW# c[djWb Z[ ;nf[hjei ieXh[ [b 9Wc# X_e 9b_c|j_Ye ?F99 " f[he Z[Z_# YWZW W bW Z_l[hi_ZWZ X_ebÂŒ]_YW$ BW _Z[W gk[ ]k‡W [ij[ [i\k[hpe hWZ_YW [d gk[ bWi Z[Y_i_ed[i je# cWZWi [d jeZWi bWi `[hWhgk‡Wi Z[ ]eX_[hde ied h[ifediWXb[i fh_# cehZ_Wb[i Z[b Z[Yb_l[ Z[ [if[Y_[i o [Yei_ij[cWi gk[ cWdj_[d[d bW l_ZW [d bW J_[hhW$ FWhW jehY[h [ij[ hkcXe" bei ]e# X_[hdei d[Y[i_jWd kd eh]Wd_ice Y_[dj‡ÒYe _dZ[f[dZ_[dj[ o h_]khe# ie gk[ fk[ZW [lWbkWh bei _cfWYjei Z[ iki feb‡j_YWi o Z[Y_i_ed[i$
#5 +.1 1ĹŠ
ÆBW ][dj[ de ik[b[ Wfh[Y_Wh bW _cfehjWdY_W Z[ bW X_eZ_l[hi_ZWZ d_ Z[ Yk|dje [ij| [d `k[]e Yed ik fƒhZ_ZWÇ" Z_`e 9^Whb[i F[hh_d]i" fhe\[ieh Z[ [Yedec‡W WcX_[djWb Z[ bW [ijWZekd_Z[di[ 7h_pedW IjWj[ Kd_l[hi_jo$ ?d\ehc[i Yece bW F[hif[Yj_lW
ĂŒ+3(/+#2ĹŠ #-#ă!(.2 ĹŠ ĹŠ Ĺ— .ĹŠ2#ĹŠ31 3 ĹŠ2¢+.ĹŠ"#ĹŠ!.-2#15 !(¢-Ä“ĹŠ
.2ĹŠ#!.2(23#, 2ĹŠ- 341 +#2ĹŠ 1(-" -ĹŠ
4-ĹŠ ,/+(.ĹŠ#2/#!31.ĹŠ"#ĹŠ2#15(!(.2ĹŠ#!.Äą -¢,(!.2ĹŠ ĹŠ+ ĹŠ'4, -(" "ĔŊ. 2#15 ĹŠ#+ĹŠ 13~!4+.ĹŠ"#ĹŠ !(#-!#Ä“ .1ĹŠ#)#,/+.ĔŊ+.2ĹŠ .204#2ĹŠ8ĹŠ+.2ĹŠ/ -Äą 3 -.2ĹŠ/1#5(#-#-ĹŠ(-4-" !(.-#2Ä“ĹŠ - ĹŠ '#!3;1# ĹŠ"#ĹŠ 11#!($#2ĹŠ"#ĹŠ!.1 +ĹŠ 1(-" ĔŊ #-ĹŠ/1.,#"(.ĔŊ2#15(!(.2ĹŠ5 +4 ".2ĹŠ #-ĹŠÄˆÄŠÄ‡Ä“Ä‡Ä‡Ä‡ĹŠ"¢+ 1#2ĹŠ -4 +#2ĔŊ04#ĹŠ /4#"#-ĹŠ++#% 1ĹŠ' 23 ĹŠÄˆÄ”Ä‰ĹŠ,(++.-#2ĹŠ"#ĹŠ "¢+ 1#2ĹŠ#-ĹŠ +%4-.2ĹŠ+4% 1#2Ä“
ĹŠ/+ -3 !(¢-ĹŠ"#ĹŠ, -%+#2ĹŠ ĹŠ+.ĹŠ+ 1%.ĹŠ "#ĹŠ+ ĹŠ$1 -) ĹŠ!.23#1 ĹŠ"#ĹŠ (#3- ,ĹŠ !.23Â˘ĹŠÄˆÄ”ÄˆĹŠ,(++.-#2ĹŠ"#ĹŠ"¢+ 1#2ĔŊ/#1.ĹŠ /#1,(3(¢Ŋ '.11 1ĹŠÄ?ĔĊŊ,(++.-#2ĹŠ/.1ĹŠ  .ĹŠ#-ĹŠ#+ĹŠ, -3#-(,(#-3.ĹŠ"#ĹŠ"(04#2Ä“
CkdZ_Wb ieXh[ bW :_l[hi_ZWZ 8_e# bÂŒ]_YW )" fkXb_YWZe [b W‹e fWiWZe" ZeYkc[djWd YÂŒce Y_[hjWi feb‡# j_YWi o [b _dYkcfb_c_[dje Z[ bWi dehcWi ^Wd fk[ije [d f[b_]he [iW _d\hW[ijhkYjkhW X_ebÂŒ]_YW$ CkY^Wi f[hiedWi de Yec# fh[dZ[d ^WijW gkƒ fkdje bW ^k# cWd_ZWZ Z[f[dZ[ Z[ [iei i[h# l_Y_ei o bW l[beY_ZWZ Yed bW gk[ [ij|d YWcX_WdZe" Z_`e F[hh_d]i$ ÆBWi Z[Y_i_ed[i gk[ Wbj[hWd bW X_ei\[hW ^eo j_[d[d fhe\kdZWi _cfb_YWdY_Wi fWhW [b X_[d[ijWh Z[ bW ^kcWd_ZWZ o Z[X[d i[h X_[d _d# \ehcWZWi feh bW Y_[dY_WÇ" i[‹WbÂŒ$ ;d ik ef_d_ÂŒd" ÆbWi fhefk[i#
* , Ĺ‹ ( ()Ĺ‹+/ Ĺ‹ - Ĺ‹* (- Ĺ‹ 2.#(.) f[i_de YkXWde gk[ Z[Ă’[dZ[ [b cWd[`e [YebÂŒ]_Ye Z[ bW j_[hhW Yedi[hlÂŒ bW lWh_[ZWZ Z[ fb|jW# de cWdpWdW CkiW fWhWZ_i_WYW B$lWh%CWdpWdW " Z[YbWhWZW [n# j_djW [d [ij[ fW‡i [d bei W‹ei -&$ BW fh[i[dY_W Z[ [ij[ j_fe Z[ XWdWde [d bW Ă’dYW ;b HkX_ÂŒd" W kdei ,& a_bÂŒc[jhei Z[ BW >W# XWdW" Yedij_jko[ kd Æ]hWd ^W# bbWp]e o Wfehj[ W bW Z_l[hi_ZWZ X_ebÂŒ]_YWÇ" Z_`e ;ZkWhZe Ehj[]W" fhe\[ieh Z[ bW Kd_l[hi_ZWZ Z[ BW >WXWdW$ Æ:khWdj[ c_ d_‹[p o `kl[d# jkZ" [d 9kXW i[ Yedikc‡W fb|# jWde cWdpWdWÇ" f[he [d bWi Zƒ# YWZWi Z[ '/,& o '/-& bW fbW]W YedeY_ZW Yece cWb Z[ FWdWc| WhhWiÂŒ Yed [i[ Ykbj_le [d bW _ibW YWh_X[‹W" h[YehZÂŒ [b [nf[hje$
Ä“ĹŠ "./3 1ĹŠ"#!(2(.-#2ĹŠ04#ĹŠ 2#%41#-ĹŠ#+ĹŠ$4341.ĹŠ"#+ĹŠ/+ -#3 ĹŠ#2ĹŠ + ĹŠ,#3 Ä“
jWi gk[ _cfkbiW bW EC9 Z[X[h‡Wd [lWbkWhi[ [d YkWdje W iki Yedi[# Yk[dY_Wi ieXh[ [b ^|X_jWj e [d ik YWfWY_ZWZ Z[ fheleYWh kdW Z_i# f[hi_ÂŒd cWoeh Z[ [if[Y_[i feh [b fbWd[jW" [cf[ehWdZe [b fheXb[cW Z[ bWi [if[Y_[i _dlWiehWiÇ$ Feh [ie" bW ?fX[i de i[ b_c_jW# h| W _d\ehcWh W bei c_d_ijhei Z[ 7cX_[dj[$ JWcX_ƒd ced_jeh[W# h| jeZWi bWi Z[Y_i_ed[i feb‡j_YWi gk[ fk[ZWd W\[YjWh bei [Yei_i# j[cWi" WXkdZÂŒ F[hh_d]i" gk_[d ^W jhWXW`WZe ZkhWdj[ W‹ei fWhW Yh[Wh [ijW eh]Wd_pWY_ÂŒd$ ĹŠ+.2ĹŠ%. #1- -3#2ĹŠ
BW ?fX[i Xh_dZWh| W gk_[d[i je# c[d Z[Y_i_ed[i fheo[YY_ed[i h_# ]kheiWi Z[ bei [\[Yjei Z[ iki fe# b‡j_YWi" Z_`e 9edd_[ CWhj‡d[p" Z[ bW Kd_Œd ?dj[hdWY_edWb fWhW bW 9edi[hlWY_Œd Z[ bW DWjkhWb[pW K?9D [d bW eYY_Z[djWb Y_kZWZ
ik_pW Z[ =bWdZ$ ÆBei \kdY_edWh_ei Z[ jeZei bei c_d_ij[h_ei d[Y[i_jWd kdW c[`eh Yecfh[di_ÂŒd Z[ YÂŒce [b Z[iWhhebbe [YedÂŒc_Ye fk[Z[ _cfWYjWh [d bW X_eZ_l[hi_ZWZÇ" Z[YbWhÂŒ CWhj‡d[p$ 7Z[c|i" ^Wo kdW d[Y[i_# ZWZ kh][dj[ Z[ [dj[dZ[h bWi Yedi[Yk[dY_Wi Z[ jhWdi\ehcW# Y_ed[i l[beY[i eYkhh_ZWi [d bW X_eZ_l[hi_ZWZ [d bWi ‘bj_cWi ZƒYWZWi$ ;b hkcXe Z[ bWi [d[h]‡Wi h[# delWXb[i" Yece bW fheZkYY_ÂŒd Z[ W]heYecXkij_Xb[i" i[ jhWpÂŒ i_d WdWb_pWh iki Yedi_Z[hWXb[i _c# fWYjei ieXh[ bW Z_l[hi_ZWZ X_e# bÂŒ]_YW" Z_`e >WhebZ Ceed[o" Z[ bW IjWd\ehZ Kd_l[hi_jo o YeWkjeh Yed F[hh_d]i Z[ kd _d\ehc[ ie# Xh[ bW ?F8;I fkXb_YWZe [b '. Z[ [ij[ c[i [d bW h[l_ijW Y_[dj‡ÒYW IY_[dY[$
ĔŊ ^ ěŊ
;b ]eX_[hde Z[ bW deheYY_# Z[djWb Y_kZWZ ^edZkh[‹W Z[ IWd F[Zhe IkbW Yed\ehcÂŒ kdW Yec_i_ÂŒd [if[Y_Wb fWhW _dl[ij_]Wh bW Z[\eh[ijWY_ÂŒd Z[ bW YehZ_bb[hW ;b C[h[dZÂŒd" [b fh_dY_fWb fkbcÂŒd WcX_[djWb Z[b LWbb[ Z[ IkbW$ 7Z[c|i" i[ fh[lƒ kdW h[# \eh[ijWY_ÂŒd Z[ '&&$&&& |hXe# b[i [d bei fhÂŒn_cei Zei W‹ei gk[ _dYbkoW YWeXWi" WYWY_Wi" Y[Zhei" bWkh[b[i o ejhei$ Ä“ĹŠ 1(#" "ĹŠ04#ĹŠ/ 1#!~ ĹŠ"#2 Äą / 1#!(" ĹŠ#2ĹŠ1#/1#2#-3 3(5 ĹŠ#-ĹŠ 4 Ä“
B[ed_Z[i :ec‡d]k[p" fhe# f_[jWh_e Z[ Ăˆ;b HkX_ÂŒdÉ" Yk[djW Yed (( lWh_[ZWZ[i Z[ fb|jWde o cWdj_[d[ WdkWbc[dj[ Wb c[dei bW i_[cXhW Z[ i[_i Z[ [bbWi$ BWi h[fheZkY[ [d kdW Yeb[YY_ÂŒd Z[ fbWdjWi l_lWi" e XWdYe Z[ ][hce# fbWicW" WXkdZÂŒ Ehj[]W$
Ĺ? ĀĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?Ĺ?
ÄŠ
2/#!(#2ĹŠ ,#- 9 " 2
.1.ĹŠ 1#)( , 1(++.
(0 -.#! (ŋ ), -. #š(ŋ ŋ &ŋ , ( š(
ĔŊ ^ Ŋ ě Kd YWc#
1# ĹŠ 1"4
;b WbYWbZ[ ckd_Y_fWb @kWd 9Whbei P‘d_]W [ij_cW gk[ bW Z[\eh[ijWY_ÂŒd W\[YjW W )+ Z[ bWi )/$&&& ^[Yj|h[Wi Z[ bW YehZ_bb[hW$ I_ X_[d Æi[ ^Wd YedjhebWZe bei _dY[dZ_ei \e# h[ijWb[i" fWhWh [ijW jWbW _b[]Wb [i dk[ijhW ejhW fh_eh_ZWZÇ$ P‘d_]W Z_`e gk[ Yed Y_dYe _dij_jkY_ed[i fh_lWZWi o Z[ bW ieY_[ZWZ Y_l_b i[ XkiYW c|i
ĹŠ } Ä–ĹŠ %-.1'8-Äą Ĺ—ĹŠ !'4ĹŠ(!3#1.3(2Ä“ ĹŠ ĹŠ Ä–ĹŠ -ĹŠ #+(%1.ĹŠ Ĺ—ĹŠ 1~3(!.Ä“
ÂĄ
7dj_]kWc[dj[ [ijWXW Wc# fb_Wc[dj[ Z_ijh_Xk_Ze [d bei 7dZ[i Y[djhWb[i o eY# Y_Z[djWb[i Z[ 9ebecX_W o [d bW l[hj_[dj[ fWY‡ÒYW Z[b deheYY_Z[dj[ Z[ ;YkWZeh" Wd_ZWdZe [d Yebed_Wi [d bei ]hWdZ[i fWhY^[i Z[ fWbcW Z[ Y[hW$ 7Z[c|i" [i \k[hj[# c[dj[ dÂŒcWZW \k[hW Z[ bW ƒfeYW h[fheZkYj_lW$ <k[ h[fehjWZe feh ‘bj_cW l[p [d ;YkWZeh [d '//. YkWd# Ze \k[hed eXi[hlWZei i[_i e i_[j[ _dZ_l_Zkei Wb e[ij[ Z[ 9ejefWn_" [d bW c_icW |h[W ZedZ[ \k[hed l_ijei '/ _dZ_# l_Zkei [d '//+ o Wbh[Z[Zeh Z[ '&& kdW ZƒYWZW Wjh|i$ F[i[ Wb _dj[die ced_jeh[e gk[ i[ ^W h[Wb_pWZe [d [iW pedW" [d '///" (&&& o (&&' de i[ ^W l_ije d_d]‘d _dZ_l_# Zke Z[iZ[ [djedY[i$ BW fh_d# Y_fWb YWkiW Z[ bW Z_ic_dkY_ÂŒd Z[ bW [if[Y_[ [i bW Zh|ij_YW [b_c_dWY_ÂŒd Z[ bei |hXeb[i Z[ fWbcW Z[ Y[hW [d [b hWd]e Z[ bW Z_ijh_XkY_ÂŒd Z[ [ijW [if[Y_[$ 7Z_Y_edWbc[dj[" [ij[ Wd_# cWb ^W i_Ze kj_b_pWZe feh [b i[h ^kcWde fWhW bW Wb_c[djWY_ÂŒd feh bW \WY_b_ZWZ Yed gk[ i[ b[ YWpW [d bei i_j_ei Yeckd_jWh_ei Z[ Z[iYWdie e f[hY^[e" oW gk[ kj_b_pW i_[cfh[ bWi c_icWi fbWdjWi" Yedl_hj_ƒdZei[ [d kdW fh[iW fh[Z[Y_Xb[$ ^ 2ĹŠ"#ĹŠ3 ,  .ĹŠ/#04# .ĔŊ +! -9 ĹŠ+.2ĹŠÄŒÄ‰ĹŠ!,ĹŠ!4 -".ĹŠ ++#% ĹŠ ĹŠ+ ĹŠ#" "ĹŠ "4+3 Ä“
ēŊ Ŋ/#2 1Ŋ"#Ŋ+.2Ŋ!.-31.+#2ĔŊ + Ŋ3 + Ŋ(+#% +Ŋ/#12(23#ē
Wfeoe [YedŒc_Ye o Z[ h[Ykhiei ^kcWdei fWhW fh[i[hlWh bW Yeh# Z_bb[hW gk[ WXWij[Y[ Z[ W]kW W IWd F[Zhe IkbW" bW i[]kdZW Y_k# ZWZ Z[b fW‡i o gk[ YedY[djhW bW fheZkYY_Œd _dZkijh_Wb$ ;b C[h[dZŒd Yk[djW Wf[dWi Yed ') [\[Yj_lei c_b_jWh[i fWhW ik fhej[YY_Œd$
(#-#Ŋ#+Ŋ!4#1/.Ŋ!.+.1Ŋ5#1"#Ŋ +1#"#".1Ŋ8Ŋ 11( Ŋ"#+Ŋ!4#Ĺ ++.ĔŊ,(#-31 2Ŋ04#Ŋ+ Ŋ/ 13#Ŋ 5#-31 +Ŋ#2Ŋ , 1(++.Ŋ!+ 1.Ŋ 04#Ŋ2#Ŋ5 Ŋ.2!41#!(#-".Ŋ#-Ŋ + 2Ŋ/ 13#2Ŋ ) 2ĔŊ8Ŋ +Ŋ(-$#Ĺ 1(.1Ŋ"#Ŋ+ Ŋ!.+ Ŋ2#Ŋ/1#2#-3 Ŋ 1.).Ŋ/;+(".ēŊ ŇŊ -$.1, !(¢-Ŋ1#!./(+ " Ŋ!.-Ŋ /.8.Ŋ "#Ŋ+ Ŋ -(¢-Ŋ -3#1- !(.- +Ŋ/ 1 Ŋ+ Ŋ .-2#15 !(¢-Ŋ"#Ŋ+ Ŋ 341 +#9 Ŋ ĸ ĚĔŊ3., " Ŋ"#Ŋ+.2Ŋ ( 1.2Ŋ .).2Ŋ "#Ŋ 2/#!(#2Ŋ ,#- 9 " 2Ŋ"#Ŋ !4 ".1ē
Ĺ? Ĺ?
Ĺ?
Ä Ä€
} ĹŠ ĹŠ
- ĹŠ/1#,(.ĹŠ/.1ĹŠ24ĹŠ!.,#"( ĹŠ
Ŋ: Ŋ š De ^Wo ZkZW Z[ gk[ bW
WYjh_p YebecX_WdW Z[ ). W‹ei fWiW feh kde Z[ bei c[`eh[i cec[djei [d jeZW ik YWhh[hW fhe\[i_edWb" fk[i bk[]e Z[ ^WX[h i_Ze dec_dWZW [d bWi fh[c_WY_e# d[i c|i _cfehjWdj[i Z[ j[b[l_i_ÂŒd feh ik fWf[b [d bW i[h_[ ĂˆCeZ[hd <Wc_boÉ 789 " Ie\‡W WYWXW Z[ ]WdWh [b ?cW][ 7mWhZ Yece C[`eh WYjh_p Z[ h[fWhje [d kdW Yec[Z_W$ĹŠ ĹŠ
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?ĀĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?Ĺ?
ĹŠ ĹŠ
("#1 ĹŠ+(23 2ĹŠ #-ĹŠ Ä“ Ä“ĹŠ
ŊěŊ +Ŋ! -3 -3#Ŋ#2/  .+Ŋ
2(%4#ĹŠ!.2#!' -".ĹŠ_7(3.2ĹŠ!.-ĹŠ +.2ĹŠ3#, 2ĹŠ"#ĹŠ24ĹŠĂŒ+3(,.ĹŠ"(2!.ĹŠ ÄĽ 4/'.1( ÄŚĹŠ!48.2ĹŠ2#-!(++.2ĹŠ ÄĽ .ĹŠ,#ĹŠ"(% 2ĹŠ04#ĹŠ-.ÄŚĹŠ!.-ĹŠ+.2ĹŠ 1#%4#3.-#1.2ĹŠ (2(-ĹŠÄœĹŠ -"#+ĹŠ 8ĹŠÄĽ .-(%'3ÄŚĹŠ!.-ĹŠ 4" !1(2ĹŠ 2#ĹŠ2(3ĂŒ -ĹŠ#-ĹŠ+.2ĹŠ/1(,#1.2ĹŠ +4% 1#2ĹŠ"#ĹŠ+ 2ĹŠ! -!(.-#2ĹŠ,;2ĹŠ #2!4!' " 2ĹŠ#-ĹŠ Ä“ Ä“ĹŠ 23.2ĹŠ _7(3.2ĹŠ#-! #9 -ĹŠ+.2ĹŠ+(23 ".2ĹŠ .3ĹŠ 3(-ĹŠ .-%2ĹŠ"#ĹŠ (++ . 1"ĹŠ8ĹŠ (-231# ,ĹŠ ./ĹŠÄŒÄ‡Ä”ĹŠ1#2/#!3(Äą 5 ,#-3#Ä“ĹŠ ĹŠ
:
"#+ -3 Ŋ, 3#1( +Ŋ ŊĚŊ;b ]hkfe c[n_#
ĹŠ ĹŠ
!34 1~ ĹŠ#-ĹŠ .++86.."ĹŠ Ä“ĹŠ (,#- ĹŠ"#) 1;ĹŠ#+ĹŠ!#31.ĹŠ#23#ĹŠÄˆÄ‰ĹŠ"#ĹŠ2#/3(#, 1#ĹŠ#-ĹŠ .ĹŠ 4+.ĔŊ 1 2(+Ä“ĹŠ
ĹŠ,#7(! - ĹŠ (,#- ĹŠ 5 11#3#ĹŠ#- Äą ,.1¢Ŋ ĹŠ+.2ĹŠ/1."4!3.1#2ĹŠ"#ĹŠÄĽ+ ĹŠ,#! ĹŠ"#+ĹŠ !(-#ÄŚĹŠ"#ĹŠ+ ĹŠ -"( Ä“ĹŠ ĔŊ ĹŠ ĹŠ Â&#x; ŊŊěŊŊBW C_ii
Kd_l[hie N_c[dW DWlWhh[j[ fe# Zh‡W WXh_hi[ fWie [d [b ckdZe Z[b Y_d[" fk[i jhWi ik h[Y_[dj[ l_i_jW W bW ?dZ_W" bW c[n_YWdW _cfh[i_edÂŒ W bei fheZkYjeh[i Z[ 8ebbomeeZ" bW c[YW Z[b iƒfj_ce Whj[ [d [i[ fW‡i o [ij| WX_[hjW W fhefk[ijWi$ ÆC[ [dYWdjWh‡W jhWXW`Wh [d
f[b‡YkbWi Z[ bW ?dZ_W$ >[ l_ije W lWh_ei WYjeh[i" ieo cko ]kWfei o jWb[djeieiÇ" Z[YbWhÂŒ W f[h_eZ_i# jWi bW X[bb[pW Z[ () W‹ei ZkhWdj[ ik h[Y_[dj[ l_W`[ Wb fW‡i Wi_|j_Ye$ ÆDe iƒ ckY^e Z[ ^_dZ_" iebe iƒ Z[Y_h kdW fWbWXhW f[he [ijeo Z_i# fk[ijW W Wfh[dZ[hÇ$ 7kdgk[ bW C_ii Kd_l[hie de ^W YedĂ’hcWZe gk[ ^WoW WY[f#
jWZe Wb]kdW e\[hjW [if[Y‡\_YW" gk[ bW gk_[h[d Yece fWh[`W Z[ A^Wd$ lWh_ei c[Z_ei Z[ ?dZ_W WĂ’hcWd gk[ bW h[_dW Z[ X[# ĹŠ ÆBei fheZkYjeh[i Yh[[d gk[ N_c[dW [i bW ‘d_YW bb[pW [ijWh| [d bW i_]k_[dj[ f[b‡YkbW Z[ bW iW]W FWhjd[h" (,#- ĹŠ gk[ feZh‡W ^WY[h [b f[hie# Wb bWZe Z[b WYjeh A^Wd" kde 5 11#3#ĹŠ- !(¢Ŋ dW`[$ :khWdj[ kd j_[cfe 1#1.ĹŠ XkiYWhed W bW ck`[h _Z[Wb" Z[ bei c|i Z[ijWYWZei Z[ #+ŊĉĉŊ"#ĹŠ$# "#ĹŠÄˆÄ’Ä‘Ä‘ĹŠ#-ĹŠ 4 " + ) 1 ĔŊ 8ebbomeeZ$ f[he ^WijW gk[ bW YedeY_[# _7(!.Ä“ĹŠ 4#ĹŠ#+#Äą hed i[ Z_[hed Yk[djW Z[ %(" ĹŠ (22ĹŠ -(5#12.ĹŠ#+ŊĉĊŊ gk[ [hW [bbW o dWZ_[ c|iÇ"
ĹŠ5(2(3 ĹŠ "#ĹŠ %.23.ĹŠ"#ĹŠ Wi[]khÂŒ kdW \k[dj[ Y[h# DWlWhh[j[ [ijkle [d ?dZ_W Ä‰Ä‡ÄˆÄ‡Ä”ĹŠ#-ĹŠ 2ĹŠ WfeoWdZe bW YWcfW‹W J^[ #% 2ĔŊ Ä“ Ä“ĹŠ YWdW W bW fheZkYY_ÂŒd Z[ ]_hb Y^_bZ" Wb bWZe Z[ bW Z_# bW Y_djW" i[]‘d h[fehjWd c[Z_ei Z[ ?dZ_W h[fhe# i[‹WZehW IWd`WdW @ed" o Wbb‡ i[ ^WXh‡W h[kd_Ze Yed Wb]k# ZkY_Zei feh [b Z_Wh_e c[n_YWde dei Z[ bei fheZkYjeh[i Z[ Y_d[ LWd]kWhZ_W$
YWde WZ[bWdjWh| [b cWj[h_Wb Z[ ik fhÂŒn_ce Z_iYe Ăˆ:hWcW o bkpÉ Z[b gk[ i[ Z[ifh[dZ[ [b i[dY_bbe ĂˆBbkl_W Wb YehW# pÂŒdÉ gk[ i[ [iYkY^Wh| [d bWi hWZ_ei Z[ BWj_# deWcƒh_YW o ;;$KK$ bW fhÂŒn_cW i[cWdW$ ;b ]hkfe" gk[ iWYWh| kd |bXkc Z[ifkƒi Z[ Y_d# Ye W‹ei" j_[d[ fh[l_ije fh[i[djWhbe [ij[ '( Z[ WXh_b$ ĹŠ
#3.1-.ĹŠ"#ĹŠ 4 -(3 ĹŠ
ĹŠ! -3 -3#ĹŠ#!4 3.Äą 1( - ĹŠ54#+5#ĹŠ +ĹŠ/ ~2ĹŠ / 1 ĹŠ"#,.231 1ĹŠ04#ĹŠ #23;ĹŠ,;2ĹŠ5(%#-3#ĹŠ04#ĹŠ -4-! Ä“
(#-3.Ŋ04#Ŋ#23.8Ŋ !.2#!' -".Ŋ+.Ŋ04#Ŋ 2#, 1_ĢēŊ
ĹŠ ĹŠ
:[ifkƒi Z[ '+ W‹ei Z[ [ijWh hWZ_YW# ZW [d Dk[lW Oeha ;;$KK$ " @kWd_jW 8khXWde h[]h[iW W ;YkWZeh" bW j_[# hhW gk[ bW l_e dWY[h$ 7 f[iWh Z[ gk[ @kWd_jW" Yede# Y_ZW [d [b ckdZe Whj‡ij_Ye Yece ĂˆBW [ijh[bbW Z[ 7cƒh_YWÉ ^W [ijWZe l_i_jWdZe YedijWdj[c[dj[ [b 9[d# jhe Z[b CkdZe fWhW e\h[Y[h feh be c[dei Zei i^emi Wb W‹e" W^ehW ^W Z[Y_Z_Ze gk[ZWhi[ fWhW i_[cfh[$ 9ed kd Z_iYe Z[ Xeb[hei j_jkbWZe ĹŠ Ăˆ;b YhkY_]hWcWÉ" bW YWdjWdj[ [if[hW (_-ĹŠ lebl[h W Yedgk_i# 4 -(3 ĹŠ3 , %1 ¢Ŋ#+ĹŠ"(2!.ĹŠ jWh W iki Yej[hh|# ÄĽ 4 -".ĹŠ$+.1#9! ĹŠ d[ei o ceijhWhb[i #+ĹŠ ,.1ČĔŊ".-"#ĹŠ 1#!./(+ ĹŠ3#, 2ĹŠ gk[ [bbW jeZWl‡W "#ĹŠ3." ĹŠ24ĹŠ31 Äą 8#!3.1( ĹŠ 13~23(! Ä“ [ij| l_][dj[$ Æ;ijeo cko [ceY_edWZW Z[ l[d_h Z[ifkƒi Z[ jWdjei W‹ei o" c|i W‘d" l[h gk[ bWi f[hiedWi de c[ ^Wd ebl_ZWZe o gk[ c[ h[Y_X[d Yed kdW iedh_# iWÇ" Z_`e @kWd_jW$
"(!3.ĹŠ +ĹŠ,#3 +ĹŠ /1#!(.2. ÆKd WcWdj[ Z[b eheÇ" Wi‡ i[ YedĂ’[iW [b Whj_ijW [YkWjeh_W# de =[hWhZe Ceh|d" gk_[d ^WY[ feYe j_[cfe ik\h_ÂŒ kd WYY_Z[dj[ Z[ jh|di_je" Z[b YkWb l[djW`eiWc[dj[ iWb_ÂŒ _b[ie$ ;d YWZW fh[# i[djWY_ÂŒd Ăˆ;b ĹŠ c|i gk[h_ZeÉ" Yece be bbW# cWd iki \Wd[i" #1 1".ĹŠ .1;-ĹŠ 2#ĹŠ"#"(! ĹŠ +ĹŠ! -3.ĹŠ i_[cfh[ bkY[ "#2"#ĹŠÄˆÄ’Ä‘Ä?ĹŠ8ĹŠ242ĹŠ Yed ]WhXe Ye# _7(3.2ĹŠ,;2ĹŠ2.- Äą ".2ĹŠ' -ĹŠ2(".ĹŠÄĽ -ĹŠ bbWh[i" Wd_bbei" 5(" ČĔŊļ .-ĹŠ+ ĹŠ ,(2, ĹŠ,.-#" ČĔŊ h[be`[i o c|i ÄĽ .+(3.ÄŚÄ“Ä“Ä“ĹŠ#-31#ĹŠ WYY[ieh_ei" Z[# ,4!'.2ĹŠ.31.2Ä“ĹŠ `WdZe W jeZei iki i[]k_Zeh[i Yed bW XeYW WX_[hjW$ ÆBWi `e# oWi gk[ c|i c[ ]kijWd ied bWi Z[ ehe" [i kd c[jWb gk[ c[ ZW [d[h]‡W fei_j_lW o gk[ WfWhj[ Z[ [ie i[ l[ X_[d" [ie i_ de ^Wo gk[ kiWhbe WXkbjW# Ze Yece [b ĂˆM_Y^eÉ f[hie# dW`[ fh_dY_fWb Z[ bW del[bW Ăˆ;b fh[c_e cWoeh Ç" Z_`e Yed kdW YWhYW`WZW$ I_d [cXWh]e" [ij[ Whj_ijW
#!.-.!(,(#-3.
BW Whj_ijW i[‹WbÂŒ jWcX_ƒd gk[ Zk# hWdj[ ik ]_hW [d bW gk[ ^W h[Yehh_Ze bW c_jWZ Z[ ;YkWZeh" ^W ZWZe W YedeY[h ik dk[le cWj[h_Wb Z_iYe]h|\_Ye gk[ _dYbko[ j[cWi _dƒZ_jei Yece0 ĂˆJ[ WcWhƒ feh i_[cfh[É o ĂˆDe be Wc[i jWdjeÉ" c[beZ‡Wi gk[ ^W i[dj_Ze gk[ ^Wd i_Ze WYe]_ZWi feh bW ][dj[$ Æ:khWdj[ c_ ]_hW c[ ^[ jefWZe Yed ckY^W ][dj[ `el[d gk[ jeZW# l‡W YWdjW c_i YWdY_ed[i o [ie [i kd ^WbW]eÇ" _dZ_YÂŒ$
.2ĹŠ%1 -"#2ĹŠ !.-!(#13.2
ŗŊ ŊŊ;b YWdjWdj[ [ifW‹eb :_[]e 9_]WbW ZWh| kd h[Y_jWb [b
.+ .1 !(.-#2
Feh ejhe bWZe" @kWd_jW cWd_\[ijÂŒ gk[ [ij| Æ\[b_pÇ" oW gk[ WYWXW Z[ YecfWhj_h Yed [b ]hkfe Ăˆ;ije [i [ieÉ [d [b j[cW ĂˆBW L_h][d Z[b 7`‡É$ ÆJhWXW`Wh Yed [bbei \k[ cko Xed_je$ ;ijeo cko Yedj[djW o Wdi_eiW Z[ [iYkY^Wh bei Yec[djW# h_eiÇ" h[YWbYÂŒ$ 7Z[c|i" Yed\[iÂŒ gk[ de i[ Whh[f_[dj[ Yed bW Z[Y_i_ÂŒd gk[ jecÂŒ Z[ h[jehdWh Wb ;YkWZeh$ ÆC[ Whh[f_[dje Z[ ^WX[hc[ _Ze" de Z[ lebl[h$ 9h[e gk[ dWZ_[ fk[Z[ i[d# j_hi[ cWb Z[ h[]h[iWh W ik j_[hhW" W ik ][dj[Ç" YedYbkoÂŒ$ } Ä“ĹŠ 4 -(3 ĹŠ' ĹŠ%1 ".ŊĉĊŊ;+ 4,#2ĹŠ ĹŠ+.ĹŠ+ 1%.ĹŠ"#ĹŠ24ĹŠ31 8#!3.1( Ä“
fhÂŒn_ce )' Z[ cWhpe" [d bW 9WiW Z[ bW 9kbjkhW ;YkW# jeh_WdW" fWhW fh[i[djWh ik c|i h[Y_[dj[ Z_iYe Ăˆ9_]WbW jWd]eÉ$ Ejhe gk[ bb[]W Wb fW‡i [i [b YWdjWk# jeh YWjWb|d jWcX_ƒd Z[ ;ifW# ‹W @eWd CWdk[b I[hhWj \eje " gk_[d ZWh| kd YedY_[hje [b fhÂŒn_ce '/ Z[ cWhpe" W bWi (&0)&" [d [b 9eb_i[e =[d[hWb Hkc_‹W^k_ Z[ Gk_je$
Ä Ä
} Ä“ĹŠ !(¢Ŋ#-ĹŠ +4, Ŋĸ 1.Äą 5(-!( ĹŠ"#ĹŠ .+~5 1ĚĔŊ#+ŊĉŊ"#ĹŠ"(!(#, 1#ĹŠ "#ĹŠÄˆÄ’Ä?Ä‘Ä“
fefkbWh gk[ de gk_ie Yed\[iWh YkWdje ]WijW [d `eoWi ÆDe c[ ]kijW ^WXbWh Z[ Z_d[he" f[he be gk[ j[d]e be ^[ Yedi[]k_Ze ]hW# Y_Wi Wb YWdjeÇ" Ă’dWb_pÂŒ$
' *(1.ĹŠ2#ĹŠ/.-#ĹŠ! 1.ĹŠ
Ĺ—ĹŠĹŠĹŠ
ŊěŊ;b _c_jWZeh Z[ bW YWdjWdj[ YebecX_WdW I^W# a_hW" HeZeb\e 8kh]ei" gk[ oW i[ ^W ^[Y^e YedeY_Ze Yece Ăˆ;b I^Wa_heÉ Y^_b[de" YeXhW" i[]‘d ik W][dj[" ) c_b ZÂŒbWh[i feh [djh[l_ijWi \h[dj[ W kdW Y|cWhW YkWdZe Wf[dWi i[ ^W Ykcfb_Ze kdW i[cWdW Z[ ik Z[ibkcXhWdj[ WfWh_Y_ÂŒd [d j[b[l_i_ÂŒd$ 8kh]ei" gk_[d ^WijW ^WY[ Wf[# dWi kdW i[cWdW [hW kd Yec# fb[je Z[iYedeY_Ze" Yk[djW _dYbkie Yed kd h[fh[i[djWdj[ fWhW ][ij_edWh [b _dj[hƒi gk[ ^W Z[if[hjWZe ik _dj[hfh[# jWY_ÂŒd Z[b j[cW Ăˆ=_jWdWÉ [d kd fhe]hWcW Z[ _c_jWZeh[i [ijh[dWZe bW i[cWdW fWiWZW feh [b YWdWb fh_lWZe C[]Wl_# i_ÂŒd$ ĹŠ
1~ Ŋ .2_Ŋ 9 Ŋ ĸ 4 8 2Ě
¥ š BW YWdjWdj[ YebecX_W#
^ ēŊ ' *(1 Ŋ#2Ŋ+ Ŋ! -3 -3#Ŋ+ 3(- Ŋ ,;2Ŋ$ ,.2 Ŋ#-Ŋ#+Ŋ,4-".ĔŊ#-Ŋ+.2Ŋ !34 +#2Ŋ,.,#-3.2ēŊŊ
Ĺ? ĀĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?ÄŒĹ?
ĹŠ ĹŠ ĹŠ ĹŠÄ‰Ä‡ÄˆÄˆ
#ĹŠ#231#- ĹŠ#-ĹŠ 1 %4 8ĹŠ fheY[Z[dj[ Z[ Khk]kWo$ ;d Wkje Xb_dZWZe" i[YkdZW# dW I^Wa_hW bb[]ÂŒ Wo[h W 7ikdY_ÂŒd fWhW e\h[Y[h ik fh_c[h h[# Ze feh ejhei Zei l[^‡# Y_jWb [d bW YWf_jWb fWhW]kW# ĹŠ Ykbei Z[ ]hWd fehj[" bW Whj_ijW i[ jhWibWZÂŒ ^WijW oW [ij[ Z‡W" [d bW i[Z[ Z[b ^_fÂŒZhece beYWb bbWcWZe kd YedeY_Ze ^ej[b Z[b
ĹŠ! -3 -3#ĹŠ @eYa[o 9bkX" _d\ehcWhed !.+., ( - ĹŠ1# +(Äą [nYbki_le XWhh_e L_bbW 9 ĹŠ+ ĹŠ%(1 ĹŠ 13~23(! ĹŠ CehhW" h[bWjWhed bei bei eh]Wd_pWZeh[i$ ĹŠ+ ĹŠ04#ĹŠ' ĹŠ"#-.Äą BW YWdjWdj[" WYecfW# ,(- ".ĹŠÄĽ +#ĹŠ#+ĹŠ j[ij_]ei$ BW deY^[ Z[b Zec_d# ‹WZW Z[ ik fWZh[" [b b_XW# .+ČĔŊ!.,.ĹŠ24ĹŠĂŒ+3(Äą ,.ĹŠ"(2!.Ä“ĹŠ dƒi M_bb_Wc C[XWhWa" de ]e ^WX‡W WYjkWZe [d kd i[ Z[jkle Wdj[ [b h[gk[h_# ^ej[b Z[ FkdjW Z[b ;ij[ c_[dje Z[ iki \Wd|j_Yei o WXWd# Wdj[i Z[ [cfh[dZ[h lk[be ^WY_W ZedÂŒ hWkZWc[dj[ [b W[hefk[hje FWhW]kWo" Z[djhe Z[ kdW ]_hW _dj[hdWY_edWb I_bl_e F[jj_heii_" gk[ Yec[dpÂŒ ^WY[ kdW i[cWdW ZedZ[ bb[]ÂŒ [d kd Wl_ÂŒd fh_lWZe [d IWbjW 7h][dj_dW $
4#-3 Ŋ!.-Ŋ4- Ŋ ,/+( Ŋ31 8#!Ĺ 3.1( Ŋ!.,.Ŋ,."#+.ēŊ !#Ŋ4-Ŋ  .Ŋ / 13(!(/¢Ŋ#-Ŋ!.-!412.Ŋ Ŋ ."#+Ŋ # 1!'ĔŊ"#-31.Ŋ"#+Ŋ, 1!.Ŋ"#+Ŋ 2'(.-Ŋ ##*#-"ĔŊ".-"#Ŋ$4#Ŋ"#Ĺ 2(%- " Ŋ!.,.Ŋ .231.Ŋ - +ēŊ 23 Ŋ %4 8 04(+# Ŋ#234"( Ŋ -%#-(#1~ Ŋ #-Ŋ ",(-(231 !(¢-Ŋ"#Ŋ5#-3 2ēŊ
.-.9! ĹŠ ĹŠ3." 2ĹŠ+ 2ĹŠ ! -"(" 3 2ĹŠ#-Ä– 666Ä“+ '.1 Ä“!.,Ä“#!
" "Ä–ĹŠĹŠÄˆÄ’ĹŠ  .2 23 341 Ä–ĹŠĹŠÄˆÄ“Ä?ÄŽ #"(" 2ĖŊŊĒćĹÄ?đĹĒĎ
Ĺ? Ĺ?
Ĺ? Ĺ? Ĺ? Ĺ? Ĺ? Ĺ?
Ä Ä‚
Ĺ? ĀĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?Ĺ?
Ä .1ĹŠ04_ĹŠ + ĹŠ(-ă"#+(" "Ä&#x;
Ĺ—ĹŠ ĹŠĹŠBei [d]W‹ei h[ifedZ[d W Z_ij_djWi hWped[i i_ i[ Yec# fWhW W ^ecXh[i o ck`[h[i$ 7 l[Y[i j_[d[d j_dj[i ZhWc|# j_Yei" f[he [n_ij[d f[hiedWi gk[ Z_i\hkjWd Yed bW j[di_ÂŒd ckiYkbWh gk[ [ije fheZkY[$ I_d [cXWh]e" [ijW i_jkWY_ÂŒd j_[d[ kd eh_][d d[khÂŒj_Ye$ De [i kdW i[‹Wb Z[ b_X[hjWZ d_ Z[ fej[dY_Wi" c|i X_[d Z[ be Yed# jhWh_e$ ;b _dĂ’[b de iWX[ gk[ [ij| Z[i[dYWZ[dWdZe Z[i[ei _dYediY_[dj[i gk[ Zec_dWd iki W\[Yjei" eXb_]|dZeb[ W cWdj[d[h bWpei fWjebÂŒ]_Yei Yed Wb]‘d eX`[je Z[ Wceh$ ;ije fk[Z[ Wfh[dZ[hi[ _dYbk# ie Z[iZ[ bW _d\WdY_W$
+ 2#ĹŠ"#ĹŠ $#!3.2
ŗŊ ŊŊBei i_b[dY_ei fk[Z[d [ijWh fhecel_Zei feh jeZe j_fe Z[ i_cfWj‡Wi e Wf[]ei$ Feh [`[cfbe" [b W]h[i_le i[ ZW [d Wgk[bbei gk[ Z[`Wd Z[ ^WXbWh fWhW ]kWhZWh bW hWX_W gk[ i_[dj[d ^WY_W ejhe$ ;b Wceheie [ij| fheleYWZe feh bWi ]WdWi Z[ [iYkY^Wh Wb ejhe o ^WY[hbe fhejW]ed_ijW Z[ be gk[ Z_Y[$ Bei [ceY_edWb[i ied Wgk[bbei gk[ i[ cWdj_[d[d YkWdZe ^Wo WYedj[Y_c_[djei gk[ YWkiWd Zebeh o i_[cfh[ fheleYWd i‡djecWi gk[ ^WY[d ik\h_h$
-(5#12(3 1(.2ĹŠ +.ĹŠ/(#-2 -ĹŠ,;2
Ĺ—ĹŠĹŠĹŠ
Kd [ijkZ_e h[Wb_pWZe feh [b ?dij_jkje LWb[dY_Wde Z[ ?dl[ij_]WY_ed[i ;YedŒc_YWi ;ifW‹W bb[]Œ W bW YedYbk# i_Œd Z[ gk[ YkWdje cWoeh [i [b d_l[b Z[ [ijkZ_ei Z[ bei `Œl[d[i" c|i h[jhWiWd bW iWb_ZW Z[b ^e]Wh \Wc_b_Wh o bW fWj[hd_ZWZ$ 7i‡" c_[djhWi W bei (, W‹ei [b ,& Z[ bei `Œl[d[i gk[ j_[d[d [ijkZ_ei f[hcWd[Y[ jeZWl‡W [d bW YWiW Z[ iki fWZh[i" iebe [b *) Z[ ^W [cWdY_fWZe$ ;b [ijkZ_e jWcX_ƒd i[‹WbW gk[ bWi ck`[h[i iWb[d Z[ bW YWiW Wdj[i gk[ bei ^ecXh[i$ 9ed (- W‹ei" , Z[ YWZW '& ck`[h[i oW de l_l[d [d [b ^e]Wh \Wc_b_Wh" c_[djhWi gk[ [b fehY[djW`[ Z[ ^ecXh[i i[ i_j‘W [d [b +& $
.".ĹŠ+.ĹŠ 04#ĹŠ4-ĹŠ #2.ĹŠ #2!.-"#
+ĹŠ,.,#-3.ĹŠ"#ĹŠ #2 1ĹŠ-.ĹŠ2.+.ĹŠ2#ĹŠ42 -ĹŠ +.2ĹŠ+ (.2ĹŠ2(-.ĹŠ!(#-3.2ĹŠ"#ĹŠ$4-!(.-#2ĹŠ"#+ĹŠ !4#1/.Ä“ĹŠ
>ehcedWi Wbj[hWZWi" ]b|dZkbWi Z[ Wceh i[ hepWd iki bWX_ei" i[ [d ik jejWb h[dZ_c_[dje" iki# Z[iWjW kdW ĂˆYWiYWZWÉ Z[ fheY[iei jWdY_Wi gk‡c_YWi gk[ i[ Z_ifW# gk‡c_Yei [d iki eh]Wd_icei" bei hWd o W\[YjWd [b Y[h[Xhe$$$ jeZe YkWb[i ied YWfWY[i Z[ fheZkY_h [ie ‘d_YWc[dj[ feh [b YedjWYje jeZW kdW YedceY_ÂŒd _dj[hdW$ Z[ bei bWX_ei Z[ Zei [dW# Ä #ĹŠ04_ĹŠ2#ĹŠ31 3 Ä&#x; cehWZei$ ĹŠ O [i gk[ c_[djhWi kdW :khWdj[ kd YedjWYje WfW# f[hiedW [ij| ZWdZe kd i_edWZe Wkc[djWd bei d_# #2 1ĹŠ2#ĹŠ X[ie" kdW Z[iYWh]W Z[ +ĹŠ l[b[i Z[ ZefWc_dW Z[ bei /.-#-ĹŠ#-ĹŠ !!(¢-ĹŠ [d[h]‡W Yehh[ feh ik Yk[h# +1#"#".1ĹŠ"#ŊĊćŊ _dlebkYhWZei$ ;ijW [i kdW ,ĂŒ2!4+.2ĹŠ$ !( Äą ikijWdY_W gk‡c_YW gk[ fe" o bW [ceY_ÂŒd Z[iYed# +#2Ä“ĹŠ [ij| [d [b Y[h[Xhe o gk[ jhebWZW Y_hYkbW feh iki i[ WieY_W W bW i[diWY_ÂŒd l[dWi" YehjWdZe bW h[if_# hWY_ÂŒd o ^WY_[dZe gk[ [b Y[h[Xhe Z[ X_[d[ijWh$ F[he de [i bW ‘d_YW i[ Ăˆh_dZWÉ Wdj[ bWi [ceY_ed[i Z[b gk[ [djhW [d WYY_ÂŒd" bW j[ijeij[# YehWpÂŒd$ hedW ^ehcedW h[bWY_edWZW Yed 7kdgk[ fWhW Wb]kdei fk[ZW [b Z[i[e i[nkWb o ejhWi ]b|dZk# fWh[Y[h [nW][hWZe" de i[ Wb[`W bWi i[]h[]Wd WZh[dWb_dW" Wkc[d# ckY^e Z[ bW h[Wb_ZWZ" fk[i bei jWd bW fh[i_ÂŒd Whj[h_Wb o WY[b[hWd X_ÂŒbe]ei ^Wd YecfheXWZe gk[ [b YehWpÂŒd" jWdje gk[ fWh[Y[ gk[ YkWdZe Zei _dZ_l_Zkei bb[dei i[ \k[hW W iWb_h Z[b f[Y^e$ Ä“ĹŠ -ĹŠ 4#-ĹŠ #2.ĹŠ/."1~ ĹŠ++#% 1ĹŠ ĹŠ/1."4!(1ĹŠ, 8.1ĹŠ/+ !#1ĹŠ04#ĹŠ#+ĹŠ2#7.Ä“ĹŠ
Ä“ĹŠ (ĹŠ04(#1#ĹŠ#7/#1(,#-3 1ĹŠ4-ĹŠ #2.ĹŠ(-.+5(" +#ĹŠ';% +.ĹŠ!.-ĹŠ +%4(#-ĹŠ1# +,#-3#ĹŠ #2/#!( +Ä“ĹŠ
;b [\[Yje [i jWd jkhXWZeh gk[ _dl[ij_]WZeh[i Z[ bW Kd_l[hi_ZWZ Z[ 9Wb_\ehd_W ;ijWZei Kd_Zei ^Wd Z[ceijhWZe gk[ W jhWlƒi Z[ jeZWi [ijWi ikijWdY_Wi" [b X[ie Yh[W e h[\k[hpW [b Z[i[e Z[ [ijW# Xb[Y[h h[bWY_ed[i cedÂŒ]WcWi$ Feh [ie" i_ gk_[h[ iWX[h [b ]hW# Ze Z[ l_dYkbWY_ÂŒd o WjhWYY_ÂŒd ckjkW gk[ [n_ij[ [d kdW fWh[`W" Wl[h_]”[ i_ i_]k[d X[i|dZei[ [d bei bWX_ei$ BW Wki[dY_W Z[ [ijW WYY_ÂŒd de iebe [i Yedi[Yk[dY_W" jWcX_ƒd [i YWkiW Z[b Z[j[h_ehe Z[ kdW h[bWY_ÂŒd$ .2( +#ĹŠ "(!!(¢-
Âľ7b]kdW l[p i[ ^W fh[]kdjWZe feh gkƒ Yk[ijW jWdje fWhWh Z[ X[iWh Z[ifkƒi Z[ kd fh_c[h heY[ iWj_i\WYjeh_e5 BW h[ifk[ijW W [ijW _dj[hhe]Wd# j[ jWcX_ƒd i[ [iYedZ[ [d bW X_e# be]‡W$ I[ Z[X[ W gk[ Wb cec[dje Z[ X[iWh [b _dj[h_eh Z[ bW XeYW o [b XehZ[ Z[ bei bWX_ei i[]h[]Wd kdW
ikijWdY_W gk‡c_YW gk[ ^WY[ Z[# i[Wh c|i Z[ be c_ice$ -.1,#Ŋ/."#1Ŋ
Bei bWX_ei" bW b[d]kW o [b _d# j[h_eh Z[ bW XeYW ied bWi pe# dWi c|i i[di_Xb[i Z[b Yk[hfe ^kcWde" Wi[]khWd [nf[hjei [d i[nkWb_ZWZ Z[b ?dij_jkoe A_d]ib[o ?d]bWj[hhW " gk_[d[i i[‹WbWd gk[ + Z[ bei '( d[hl_ei YhWd[Wb[i gk[ W\[YjWd bWi \kd# Y_ed[i Z[b Y[h[Xhe _dj[hl_[d[d ZkhWdj[ kd X[ie [hÂŒj_Ye$ =hWY_Wi W bWi Yed[n_ed[i gk[ ^Wo [djh[ bei bWX_ei" bW b[d]kW o bWi c[`_bbWi Yed bWi d[khedWi i[ fk[Z[d Z[j[YjWh ckY^ei ZWjei Z[ bW ejhW f[hiedW" [djh[ [bbei bW j[cf[hWjkhW" [b ]kije o [b ebeh$ Feh be jWdje" [b X[ie jWcX_ƒd feZh‡W i[h Yedi_Z[hWZe Yece kdW Whj_cW‹W fWhW YWfjWh bWi \[hecedWi Z[ bW fWh[`W" gk[ ied jhWZkY_ZWi Yece kd feZ[heie Ăˆh[YbWce i[nkWbÉ$
#1 /_43(!.2 #-#ă!(.2ĹŠ
+ĹŠ #2.ĹŠ/#1$#!3. ĹŠ 4,#-3 -ĹŠ#+ĹŠ5~-!4+.ĹŠ"#ĹŠ!.-ă -9 ĹŠ8ĹŠ"#ĹŠĹŠ Ĺ—2#%41(" "ĹŠ#-ĹŠ+ ĹŠ/ 1#) Ä“ĹŠ ĹŠ (2,(-48#-ĹŠ+ ĹŠ$.1, !(¢-ĹŠ"#ĹŠ 114% 2ĹŠ#-ĹŠ Ĺ—+ ĹŠ/(#+Ä“ Ĺ—ĹŠ 23(,4+ -ĹŠ+ ĹŠ1#%#-#1 !(¢-ĹŠ"#+ĹŠ!43(2Ä“ĹŠ Ĺ—ĹŠ 84" -ĹŠ ĹŠ#5(3 1ĹŠ+ ĹŠ"#/1#2(¢-Ä“ Ĺ—ĹŠ .13 +#!#-ĹŠ#+ĹŠ2(23#, ĹŠ(-,4-.+¢%(!.Ä“ Ĺ—ĹŠ (3(% -ĹŠ+.2ĹŠ-(5#+#2ĹŠ"#ĹŠ#231_2Ä“ĹŠ
+%4-.2ĹŠ314!.2
Ŋ +() Ŋ4-Ŋ+4% 1Ŋ/1./(!(.ĔŊ/1(5 ".Ŋ8Ŋ ŗ31 -04(+.ē ŗŊ 2!.) Ŋ#+Ŋ,.,#-3.Ŋ./.134-.ē ŗŊ 8 Ŋ"#2/ !(.ĔŊ!.-Ŋ! +, Ŋ8Ŋ24 5(" "ēŊ ŗŊ 23 +#9! Ŋ!.-3 !3.Ŋ5(24 +Ŋ!.-Ŋ24Ŋ/ 1#) ē
.-.9! Ŋ242Ŋ 9.- 2Ŋ#1¢%#- 2
23.2ĹŠ/4-3.2ĹŠ"#+ĹŠ !4#1/.ĹŠ+#ĹŠ 84" 1;-ĹŠ ĹŠ +! -9 1ĹŠ4-ĹŠ/+ !#1ĹŠ 04#ĹŠ-.ĹŠ2#ĹŠ' ~ ĹŠ(, Äą %(- ".Ä“ĹŠ
31_5 2#ĹŠ ĹŠ"#2!4 1(1+.2
"04(#1 ĹŠ"#231#9
BW [ij_ckbWY_ÂŒd i[ ZW fehgk[ [d Y_[hjWi fWhj[i Z[b Yk[hfe [n_ij[d c|i j[hc_dWY_ed[i d[hl_eiWi$ Feh [ie" Wb jeYWhbWi i[ fk[Z[ i[dj_h jWdje fbWY[h$ De eXijWdj[" kdW f[hiedW gk[ de i[fW Yk|b [i bW \ehcW WZ[YkWZW Z[ ^WY[hbe" be
Ä“ĹŠ 2 )# 1ĹŠ+ ĹŠ#2/ +" ĹŠ /4#"#ĹŠ%#-#1 1ĹŠ%1 -ĹŠ/+ !#1ĹŠ#-ĹŠ,4!' 2ĹŠ /#12.- 2Ä“ĹŠ
Ĺ? ĀĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?Ĺ?
Ä Äƒ
.1 9¢-ĹŠ, 2!4+(-.ĹŠ#-ĹŠ1(#2%.ĹŠ "# (".ĹŠ +ĹŠ2#"#-3 1(2,. BW \WbjW Z[ [`[hY_Y_e \‡i_Ye [i Yedi_Z[hWZe Yece [b fh_dY_fWb \WYjeh Z[ h_[i]e fWhW Z[iWhhebbWh fWjebe]‡Wi Z[b YehWpÂŒd" ieXh[ jeZe [d bei ^ecXh[i$ :[ ^[Y^e" i[]‘d bW Eh]Wd_pWY_ÂŒd Ckd# Z_Wb Z[ bW IWbkZ" bW _dWYj_l_ZWZ i[ Yedl_hj_ÂŒ [d [b YkWhje \WYjeh Z[ h_[i]e Z[ cehjWb_ZWZ W d_l[b ]beXWb$ I[]‘d <[b_f[ 7hWoW" Ă’i_ÂŒbe]e Yb‡d_Ye Z[b [`[hY_Y_e Z[ bW Kd_l[h# i_ZWZ DWY_edWb Z[ 9eijW H_YW" [n_ij[d [ijkZ_ei h[Y_[dj[i [d bei YkWb[i i[ [l_Z[dY_W gk[ ^|X_jei jWd Yeckd[i Yece l[h j[b[l_i_ÂŒd" [ijWh \h[dj[ W bW YecfkjWZehW o WdZWh [d WkjecÂŒl_b" [ij|d WieY_W# Zei Yed kd Wkc[dje [d [b h_[i]e Z[ Z[iWhhebbWh bW ;d\[hc[ZWZ Z[ bWi 7hj[h_Wi 9ehedWh_Wi$
I_ dkdYW ^WX‡W [iYkY^WZe WY[h# YW Z[ [ij[ j[cW" de i[ fh[eYkf[" dkdYW [i jWhZ[ fWhW Wfh[dZ[h o Z[iWhhebbWh jƒYd_YWi gk[ Z[`Wh|d W ik fWh[`W i_d Wb_[dje$ KdW pedW [hÂŒ][dW [i bW fWh# j[ Z[b Yk[hfe ZedZ[ i[ fheZkY[ cWoeh fbWY[h e [nY_jWY_ÂŒd$ 9e# c‘dc[dj[ i[ Yh[‡W gk[ bei ÂŒh]W# dei ][d_jWb[i [hWd bW ‘d_YW pedW \h|]_b Z[b Yk[hfe$ I_d [cXWh]e" [n_ij[d bk]Wh[i _dieif[Y^WZei gk[ fk[Z[d bb[]Wh W fheZkY_h W‘d cWoeh [hej_ice$ JeZW f[hiedW j_[d[ fkdjei i[d# i_Xb[i [d ik Yk[hfe" o Wkdgk[ YWZW kde fk[Z[ h[WYY_edWh Z[ cWd[hW Z_\[h[dj[ o Yed cWoeh e c[deh _dj[di_ZWZ W YWZW kde Z[ [bbei" bW X‘igk[ZW Z[ [ijei Y[d# jhei Z[ fbWY[h fk[Z[ _d_Y_Whi[ ZedZ[ kij[Z fh[Ă’[hW$ 7Z[c|i Z[ bW f_[b" jeZWi bWi pedWi fk[Z[d i[h Yedi_Z[hW# ZWi [hÂŒ][dWi$ De ^Wo d_d]‘d fkdje Z[ bW WdWjec‡W ^kcWdW gk[ de h[WYY_ed[ Wdj[ kd Xk[d [ij‡ckbe$ Feh [ie [i _cfehjWdj[ Wfh[dZ[h W WYWh_Y_Wh o W Z[`Wh# i[ WYWh_Y_Wh i_d YedY[djhWhi[ ‘d_YWc[dj[ [d bWi fWhj[i c|i Yeckd[i" oW gk[ bW Z[hc_i [ij| Yecfk[ijW Z[ kdW _dĂ’d_ZWZ Z[ bk]Wh[i f[hY[fj_lei$
234"(.2ĹŠ!.,/+#,#-3 1(.2
KdW _dl[ij_]WY_ÂŒd h[Wb_pWZW [d bW Kd_l[hi_ZWZ Z[ 9Wheb_dW Z[b Ikh ;ijWZei Kd_Zei WZl_[hj[ gk[ [n_ij[ kdW [ijh[Y^W h[bWY_ÂŒd [djh[ bWi ^ehWi gk[ kd _dZ_l_# Zke fWiW [d ik WkjecÂŒl_b o [b j_[cfe \h[dj[ Wb j[b[l_ieh Yed
[b Z[iWhhebbe Z[ [d\[hc[ZWZ[i YWhZ‡WYWi$ :[ WYk[hZe W bei [ijkZ_eiei" bei ^ecXh[i gk[ h[fehjWhed jhWibWZWhi[ [d ik YWhhe c|i Z[ '& ^ehWi W bW i[cWdW" h[]_ijhW# hed kd .( c|i Z[ fheXWX_b_ZW# Z[i Z[ YedjhW[h [d\[hc[ZWZ Ye# hedWh_W" gk[ gk_[d[i WĂ’hcWhed ^WY[hbe feh YkWjhe ^ehWi$ 7Z[c|i" gk_[d[i h[fehjWhed ^WX[h [ijWZe i[djWZei ZkhWdj[ c|i Z[ () ^ehWi [d Yed`kdje" [i Z[Y_h l_[dZe j[b[l_i_ÂŒd o [d [b Wkje" h[]_ijhWhed kd ,* c|i Z[ fheXWX_b_ZWZ[i$
Ŋ,#).1Ŋ2.+4!(¢-
FWhW 7hWoW" YkWdZe i[ jhWjW Z[ eXj[d[h kd f[ie iWbkZWXb[" be \kdZWc[djWb [i cWdj[d[h kd [gk_b_Xh_e YWbŒh_Ye$ ;i Z[Y_h" ^Wo gk[ cWdj[d[h [b WZ[YkWZe Yedikce o ]WijWh bW YWdj_ZWZ d[Y[iWh_W fWhW j[d[h kd Xk[d XWbWdY[ [d[h]ƒj_Ye$ Feh [iW hWpŒd [i d[Y[iWh_W kdW Xk[dW Wb_c[djWY_Œd" bW YkWb Z[X[ [ijWh WYecfW‹WZW feh kd [ij_be Z[ l_ZW WYj_le$
ēŊ 1 Ŋ#23(,4+ 1Ŋ+ 2Ŋ/ 13#2Ŋ2#-2( +#2Ŋ/4#"#Ŋ ! 1(!( 1ĔŊ,.1"#1ĔŊ/#++(9! 1Ŋ .Ŋ #2 1ēŊ
-ĹŠ+.2ĹŠ'., 1#2 13#2ĹŠ,;2ĹŠ2#-2( +#2 #++. Ĺ—ĹŠ Ĺ—ĹŠ 1#) 2 (.2 Ĺ—ĹŠ Ĺ—ĹŠ 4#++. Ĺ—ĹŠ #!'. Ĺ—ĹŠ 1 9.2
Ĺ—ĹŠ -.2 ".,#Ĺ—ĹŠ Ĺ—ĹŠ (#1- 2 Ĺ—ĹŠ +% 2 Ĺ—ĹŠ .- ĹŠ%#-(3 +
-Ŋ+ 2Ŋ,4)#1#2 .- 2Ŋ#1¢%#- 2
Ĺ—ĹŠ ).2 Ĺ—ĹŠ 1 Ĺ—ĹŠ ~".2 Ĺ—ĹŠ 4#++. 1.2 Ĺ—ĹŠ ., Ĺ—ĹŠ 1 9.2
Ĺ—ĹŠ #-.2 +(%. Ĺ—ĹŠ , Ĺ—ĹŠ 2/ +" Ĺ—ĹŠ +% 2 Ĺ—ĹŠ +~3.1(2 Ĺ—ĹŠ (#1- 2
‘d_Ye gk[ Yedi[]k_h| i[h| YWk# 4-3.2ĹŠ2#!4-" 1(.2 iWh Zebeh e _dYeceZ_ZWZ [d ik ;b Yk[bbe" [b Y[djhe Z[ bW [ifWbZW" fWh[`W$ bWi eh[`Wi" bei bWX_ei" bW FWhW [l_jWh fheXb[cWi [i fWhj[ _dj[h_eh Z[ bWi f_[h# ĹŠ d[Y[iWh_e j[d[h Y_[hjW ^WX_# dWi" [b l_[djh[ o bW _d]b[ ied fWhj[i gk[ h[ifedZ[d b_ZWZ W bW ^ehW Z[ [nfbehWh [b Yk[hfe Z[ ik WcWZe%W" .2ĹŠ/4-3.2ĹŠ#1¢Ĺ Yed Wbjei d_l[b[i Z[ [nY_# %#-.2ĹŠ"#ĹŠ4- ĹŠ Wi‡ Yece jWcX_ƒd kdW Xk[# /#12.- ĹŠ/4#"#-ĹŠ jWY_ÂŒd" Wkdgk[ Yed c[deh ]hWZe gk[ bWi fh_cWh_Wi$ dW fh[Z_ifei_Y_ÂŒd feh fWhj[ 5 1( 1ĹŠ"#/#-Äą "(#-".ĹŠ"#ĹŠ24ĹŠ #" "Ä“ĹŠ Z[b h[Y[fjeh$ Fk[Z[d i[h [ij_ckbW# Bei cel_c_[djei o bW ZWi Yed YWh_Y_Wi e Z[ kdW [nfbehWY_ÂŒd Z[ bWi pedWi cWd[hW c|i Z_h[YjW" W jhW# [hÂŒ][dWi Z[X[d i[h YWh_‹eiWi" lƒi Z[b heY[ Z[ bW b[d]kW e Z[ bei i[dikWb[i o X_[d f[diWZWi$ ;ije Z[Zei$ gk_[h[ Z[Y_h gk[ Wdj[i Z[ _d_Y_Wh Z[X[ Z[Y_Z_h gkƒ fWhj[i Z[b Yk[h# 3.2ĹŠ(-3#1#2 -3#2 fe gk[ZWh|d \k[hW Z[b `k[]e$ 7kdgk[ de be Yh[W" bWi cWdei j_[d[d Wbh[Z[Zeh Z[ *&$&&& j[h# .- 2ĹŠ/1(, 1( 2 c_dWb[i d[hl_eiWi" feh be gk[ ;ijWi ied bWi gk[ h[ifedZ[d Z[ ied kdW cko Xk[dW \k[dj[ Z[ c[`eh cWd[hW Wdj[ YkWbgk_[h fbWY[h$ Feh be ][d[hWb" [b YWX[bbe de [i jegk[ i[dikWb o Yedij_jko[d bW c[`eh l‡W fWhW bb[]Wh W bW [nY_jW# cko j[d_Ze [d Yk[djW Yece kdW Y_ÂŒd i[nkWb$ ;i feh [ije gk[ ik pedW Z[ _cfWYje i[nkWb$ F[he [i [ij_ckbWY_ÂŒd i[ [dj_[dZ[ Yece bW Yec‘d gk[ ckY^Wi f[hiedWi _dl_jWY_ÂŒd c|i Z[iYWhWZW ^WY_W i_[djWd fbWY[h YkWdZe i[ b[i WYW# [b i[ne$ h_Y_W e i[ b[i ZW kd cWiW`[ [d [b ;djh[ [ijWi i[ [dYk[djhW bW Yk[he YWX[bbkZe$ BW c[`eh \ehcW fkdjW Z[ bei f[ped[i" [b Yb‡je# Z[ ^WY[hbe [i Yed bei fkb]Wh[i Z[ h_i" [b f[d[ o bWi j[j_bbWi [d [b WcXWi cWdei" cel_ƒdZebei Z[ \ehcW Y_hYkbWh$ ^ecXh[$
ēŊ #1Ŋ3#+#5(2(¢-Ŋ#2Ŋ4-.Ŋ"#Ŋ+.2Ŋ'; (3.2Ŋ 2.!( ".2Ŋ Ŋ,.13 +(" "Ŋ/.1Ŋ #-$#1,#" "Ŋ!.1.- 1( Ŋ#-Ŋ'., 1#2ē
Ĺ? Ĺ?
Ĺ?
Ä Ä…
ÂĄ
ÄŠĹ‹
?% D8I:<CF D<A@8 I% _d\a`X7cX_fiX%Zfd%\Z
Ĺ? ĀĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?Ĺ?
1 Ŋ "ēŊ#2Ŋ(-"(2/#-2 +#Ŋ,.5#12#Ŋ#-Ŋ4-Ŋ , (#-3#Ŋ 1,.-(.2.Ŋ8Ŋ31 -04(+.ēŊ 23.Ŋ+#Ŋ !.-5(#13#Ŋ#-Ŋ4-Ŋ2#, 1 ".1Ŋ"#Ŋ/ 9Ŋ8Ŋ 1Ĺ ,.-~ ēŊ - Ŋ"#Ŋ242Ŋ, 8.1#2Ŋ$.13 +#9 2Ŋ#2Ŋ 24Ŋ! / !(" "Ŋ/ 1 Ŋ " /3 12#Ŋ!.-Ŋ$ !(+(" "Ŋ +Ŋ! , (.ĔŊ+.Ŋ!4 +Ŋ+#Ŋ" Ŋ,4!' 2Ŋ5#-3 ) 2ēŊ
0,('2 $57ĂŒ&8/2 1(8752
%$75$&,2
ĹŠĹŠ
21'$ 3(*$
7,(032
021('$ '( *5(&,$
$1'$5 +$&,$
92= '( $558//2
3(56(*8,5
$75É6
68)5,5 3$'(&(5
38172 &$5',1$/
7,5$5 '(
&$5&$-($5
7(50,1$&,Ă?1
5(/$7,92 $ /$ 9ĂŒ$
/$67,0$'$
1$7$ '( /$
Ä”ĹŠÄˆÄŒÄ–Ä‡Ä‡
/(&+(
(67Ă?0$*2 '(/ 580,$17(
(16(1$'$
20(*$
&2/$ '( /26
'(675(=$
3$57( ,1)(5,25 '(/ 7(-$'2 &217$'25
3$5$ ',63$5$5
$127$'25
)/(&+$6
É1)25$
6(1'$
$-867( 3$&72
62*$ '(
',26 '(/
(63$572
,*8$/'$' (1 /$ 683(5),&,( 6ĂŒ0%2/2 6(/(1,2
6ĂŒ0%2/2 '(
$025
5$',2 $'9(5%,2 '( &$17,'$'
3$5(-$ -
0
$ 0
$
&
$
1
$
0
2
7
$
5
5
(
&
.
,1*/e6
3$'(&,0,(172
&20(5
/
5
(;7,1*8,5 (/ )8(*2
&$5,f2
/
$6(6,1$5
(
5
2
6
$
5
5
$
2
&$3,7$/ '( ,7$/,$ 5(17$
+
<(552 (5525
, 0 &$17$17( '( 52&. '( /26 (67$'26 81,'26
0$&+$&$5 38/9(5,=$5
&
0 $
$&75,= '( /$ 6(5,( /26 É1*(/(6 '( &+$5/,(
9
',26 '(/ $025
)
&
&,8'$' '( ,7$/,$ 3(6 '( $*8$ '8/&(
$
2
/
*$%É1 '(3$57$0(172 '( 3(5Ô
7
1
',26 '( /26 5( %$f26
)$/7$
3
$
5
$
6 &85$5
$
5
5
3,e/$*2
$
580,$17(
6(f25$
2 (
2
,
5
(
$
,
$
&
5
2 0
/
$
5ĂŒ2 '( (8523$ 021('$ '( (( 88
5
$
2
(
5
52('25 87,/,=$5
35,1&(6$
(17(
6
$
$/7$5
62',2
5
$
6
$
7
5
,
$ / $57ĂŒ&8/2 )(0(1,12
(;75$f2
1
2
$
6
0,&2
0
'
ĔŊĉĊĖćć
Ĺ—ĹŠĹŠ
$&&,Ă?1 '(
(6&5,725
=
5
2
2
1
,172;,&$5 )$7,*$5
92= '( $558//2
2),',2 '( *5$1 7$0$f2
20(*$
2
(2!.5#18ĔŊ+(23.ĹŠ/ 1 ĹŠ1#%1#2 1ĹŠ Z[b jhWdiXehZWZeh :_iYel[ho kj_b_pÂŒ X_[d bei Zei Z‡Wi WZ_Y_e# dWb[i W XehZe Z[ bW [ijWY_ÂŒd [i# fWY_Wb _dj[hdWY_edWb$ 7dj[i Z[ lebl[h W bW J_[hhW" bei WijhedWk# jWi Yecfb[jWhed bW WYj_lWY_ÂŒd Z[b cÂŒZkbe B[edWhZe o j[hc_dWhed bW jhWdi\[h[dY_W Z[ YWh]W [djh[ WcXei l[^‡Ykbei$ ;b l_[hd[i * Z[ cWhpe [ijkle Z[Z_YWZe YWi_ [d ik jejWb_ZWZ W jhWXW`Wh [d [b _dj[h_eh Z[b B[e# dWhZe$ I[ _dijWbWhed lWh_ei [b[# c[djei" i[ Z[i[cfWgk[jWhed
0(;,&$12
086,&$/
: ĹŠ }
Ä“ ĹŠ š BW jh_fkbWY_ÂŒd
92&$/
35,0(5$ 127$
,
,
0
5ĂŒ2 '( )5$1&,$
'
$
5
&,8'$' '( 78548ĂŒ$
2 5ĂŒ2 '( /$6 8566
$
$
3$7,2 3257$/
35,0(5$
(1)$'$5 &2/(5,=$5
1
7267$5
6 9(*(7$&,Ă?1 (1 (/ '(6,(572 =$5$
2
$5*2//$ 7$6$5
$)/8(17(
)85,$
,1&$
ÄŠĹ‹ Ä 4(_-ĹŠ ' 1+(#Ä&#x;
32(7$ '5$ 0$785*2 ,1',2
*$67$5
1 6$172
(67$03$
9(562
$3Ă?&23( '(
5
2
,*8$/'$' (1 /$ 683(5),&,( 6ĂŒ0%2/2 '(
$/$%$5
5
5
48( 12 (6 (/ 0,602
+20%5( )8(5 7( < 9$/,(17(
1
/,752
5$721$5
0
5
&
,
,
6ĂŒ0%2/2 '(
526752
/,&25
'
5
5ĂŒ2 '( 3(5Ă”
$
$
5
,
2
5
&219,&72 52(17*(1
, 3 %21'$'262
$
6ĂŒ0%2/2 '(
$1,0$/
/
0
6
$/,0(172
2
3/$12
&20 $87Ă?1 '( (63$f$
$
0
1
+2*$5
2
(
)85,$
1(8752
0 (67Ă?0$*2 '(/
)$//$5
5
/)$
$
2
$
5*2//$
/
*
5
$
(/8',5
2
$
5
&
(6&8&+$5
6
5
1
&,8'$' '( (( 88
&
,1&803/,5
75212
( &8$'5Ô3('2
$
&(/(%5,'$'(6 $ =I8E:@J:F G% DFI<EF 5 (/,) $ (0(0 ><ä>I8=F# 8EKIFGäCF>F 2 P <OGCFI8;FI 8I><EK@EF# $ :FEF:@;F :FE <C EFD9I< $ ;< G<I@KF DFI<EF% <OGCFIä C8 G8K8>FE@8% $
1
$
&219,&72
2 $3�&23( '( 3$3É
2
&$8&( $57,), &,$/ '( $*8$
$ &$%2 521=$/
*$72 (1 (1)(50('$'
6
$57ĂŒ&8/2
$/)$
&20321(5 (1
6ROXFLyQ DQWHULRU
$
ĹŠĹŠ
,6/$ 3(48(f$ -8172 $ 275$ +É%,/
$&725 0(;, &$12 '( /$ 7(/(129(/$ 9,&725,$
/
ĸ, 19.ĹŠÄ‰ÄˆĹŠÄąĹŠ 1(+ĹŠÄˆÄ’Äš 4ĹŠ,#-3#ĹŠ2#ĹŠ#-$.! 1;ĹŠ#-ĹŠ2(34 !(.-#2ĹŠ "#+ĹŠ/ 2 ".ĹŠ+.ĹŠ04#ĹŠ' 1;ĹŠ04#ĹŠ "Ä“ĹŠ3(#-" ĹŠ ĹŠ "#/1(,(12#Ä“ĹŠ #!4#1"#Ä–ĹŠ +ĹŠ'., 1#ĹŠ+( 1#ĹŠ#2ĹŠ 4-ĹŠ#2!+ 5.ĹŠ2(ĹŠ!.11#ĹŠ31 2ĹŠ+.2ĹŠ/+ !#1#2Ä“
$&,(572 (1&$51$'2 08< 9,92
&219,&7$
ejhei o i[ [njhW`e bW fbWjW\ehcW Z[ [nf[h_c[djei ;nfh[ii HWYa . fWhW ik jhWibWZe [ _dijWbWY_ÂŒd [d [b cÂŒZkbe :[ij_do$ JWcX_ƒd jkl_[hed j_[cfe Z[ ^WXbWh Yed lWh_ei [ijkZ_Wdj[i [d [b CWhi^Wbb IfWY[ <b_]^j 9[dj[h o Z[ Y^WhbWh Yed bW fh[diW$ Feh ‘bj_ce" i[ ]kWhZWhed bWi ^[hhW# c_[djWi gk[ i[ ^WX‡Wd kj_b_pWZe ZkhWdj[ bei Zei fWi[ei [ifWY_W# b[i Wdj[h_eh[i$ ;b Zec_d]e i_hl_ÂŒ fWhW Ă’dWb_# pWh jeZWi bWi jWh[Wi f[dZ_[dj[i$ I[ bb[lWhed bei jhW`[i [ifWY_Wb[i
Wb :_iYel[ho" Wi‡ Yece Wb]kdei Whj‡Ykbei gk[ Z[X‡Wd bb[lWhi[ jhW[hi[ W bW J_[hhW" o i[ h[l_iW# hed bei i_ij[cWi Z[ bW dWl[ fWhW Wi[]khWh gk[ jeZe [ijWh‡W X_[d ZkhWdj[ [b Z[iWYefb[$
ĸ$# 1#1.ŊĉćŊĹŊ, 19.ŊĉćĚŊ 5(3#Ŋ04#Ŋ+ 2Ŋ. 2#15 !(.-#2Ŋ"#2$ 5.1 Ĺ +#2Ŋ' % -Ŋ04#Ŋ "ēŊ2#Ŋ2(#-3 Ŋ$14231 ".Ŋ.Ŋ ,#-.2/1#!( ".Ŋ8 Ŋ04#Ŋ#2Ŋ4-Ŋ2#1Ŋ!.+, ".Ŋ "#Ŋ5(134"#2ēŊ #!4#1"#ĖŊ .+.Ŋ +! -9 Ŋ+ Ŋ %1 -"#9 Ŋ04(#-Ŋ!4(" Ŋ"#Ŋ+.2Ŋ/#04# .2Ŋ "#3 ++#2ē
ĹŠĹŠ
1(Ă?1
$1,0$/(6
7$172
&
9^Whbo =ehZed 9b_Ăľ HeX[hjied ik\h[ kd h[jhWie c[djWb" f[he i[ iec[j[ W kdW Z[b_YWZW ef[hWY_ÂŒd gk_h‘h]_YW gk[ [b_c_dW iki b_c_jWY_ed[i$ 9edl[hj_Ze [d kd ^ecXh[ dehcWb" i[ [dWcehW o l_l[ \[b_p ^WijW gk[ bei [\[Yjei Z[ bW ef[hWY_ÂŒd" Z[iWfWh[Y[d o lk[bl[ W ik i_jkWY_ÂŒd _d_Y_Wb$
75212 5(/$7,92 $/ 'ĂŒ$ 6ĂŒ0%2/2 '(
7267$5
.2ĹŠ/#04# .2ĹŠ 31 5(#2.2 Y_W Z[ Ăˆ;b YbkX Z[ cWY^ei Wdj_#ck`[h[iÉ$ ;b fheXb[cW [i gk[ 7b\Wb\W i[ ^W [dWcehWZe Z[ :WhbW" Wc[dWpWdZe bei _Z[Wb[i Z[ ik eh]Wd_pWY_ÂŒd" o WZ[c|i b[i ^Wd heXWZe ik c_d_ Wkje ĂˆJ^[ 8bkhÉ Âľ9ece feZh|d ]WdWh bW Yecf[j[dY_W o [b jhe\[e gk[ ^Wd be]hWZe ZkhWdj[ Y_dYe W‹ei Yedi[Ykj_# lei5 9_djW fhejW]ed_pWZW feh JhWl_i J[Z\ehZ" A[l_d @WcWb MeeZi o @ehZWd MWhaeb$
'(3$57$0(172 '( 3(5Ă”
7,(032
&,8'$' '(/ 3(5Ă” $3Ă?&23( '(
ĸ#-#1.ŊĉćŊĹŊ$# 1#1.ĹŠÄˆÄ’Äš
Ŋ2(34 !(¢-Ŋ#!.-¢,(! Ŋ"# #1;Ŋ2#1Ŋ 3., " Ŋ!.-Ŋ, 8.1Ŋ2#1(#" "ēŊ "./3#Ŋ4- Ŋ !3(34"Ŋ% - ".1 Ŋ/ 1 Ŋ 2~Ŋ 31 #1Ŋ#+Ŋ_7(3.Ŋ Ŋ24Ŋ5(" ēŊ #!4#1"#ĖŊ .Ŋ' 8Ŋ04#Ŋ' !#1Ŋ"#Ŋ /1(2 Ŋ+.Ŋ04#Ŋ#2Ŋ/ 1 Ŋ2(#,/1#ē
ĹŠĹŠ
(67,5$5
9(5%$/
(648,1$
ĹŠIki Wl[djkhWi Yec_[dpWd Ĺ—ĹŠ [d kdW h[kd_ÂŒd Z[ [c[h][d#
$&75,= '( /$ 3(/ĂŒ&8/$ 7(55(02
7(-,'2
48(0$5
/$%5$5
Ä !(¢Ŋ4-ĹŠ"~ ĹŠ!.,.ĹŠ'.8Ä&#x;
ĸ 1(+ŊĉćŊĹŊ, 8.ŊĉćĚ
.2Ŋ/1.8#!3.2Ŋ2#1;-Ŋ/1(.1(3 1(.2Ŋ/ 1 Ŋ "ēŊ/#1.Ŋ"# #1;Ŋ2#1Ŋ/1#!(2.Ŋ8Ŋ31 ) 1Ŋ "41.Ŋ/.1Ŋ +! -9 1+.2ēŊ #!4#1"#ĖŊ +Ŋ04#Ŋ /1#%4-3 Ŋ!.-Ŋ, + Ŋ(-3#-!(¢-Ŋ-.Ŋ,#1#!#Ŋ !.-.!#1Ŋ+ Ŋ5#1" "ē
^ ĹŠ
ĸ, 8.ĹŠÄ‰ÄˆĹŠÄąĹŠ)4-(.ĹŠÄ‰ÄˆÄš #-31.ĹŠ"#+ĹŠ;1# ĹŠ/1.$#2(.- +ĹŠ "Ä“ĹŠ"# #1;ĹŠ , -#) 12#ĹŠ!.-ĹŠ/14"#-!( ĹŠ#ĹŠ(-3#+(%#-!( ĔŊ -.ĹŠ"#)#ĹŠ/ 2 1ĹŠ/.1ĹŠ +3.ĹŠ+ 2ĹŠ./.134-(" "#2Ä“ĹŠ #!4#1"#Ä–ĹŠ ĹŠ#-5("( ĹŠ#2ĹŠ+ ĹŠ,;2ĹŠ%1 -"#ĹŠ , -($#23 !(¢-ĹŠ"#ĹŠ ",(1 !(¢-Ä“
: ĹŠĹŠ
ĸ)4-(.ŊĉĉŊĹŊ)4+(.ŊĉĉĚ
.2Ŋ/1.8#!3.2Ŋ"#Ŋ5( )#2ĔŊ-#%.!(.2Ŋ8Ŋ#234Ĺ "(.2Ŋ"# #1;-Ŋ2#1Ŋ3., ".2Ŋ!.-Ŋ2#1(#" "Ŋ #Ŋ(-3#+(%#-!( ēŊ #!4#1"#ĖŊ 2Ŋ#731  Ŋ+ Ŋ $#+(!(" "Ŋ!.-Ŋ04#Ŋ+.2Ŋ, +5 ".2Ŋ!1##-Ŋ04#Ŋ 3.".Ŋ+#2Ŋ2 +"1;Ŋ (#-ē
ĹŠĹŠ
}
1 -!(2!.ĹŠÄĽ !.ÄŚĹŠ +ĹŠ ĸĈĒĉÄ?ĹŠÄ˛ĹŠÄ‰Ä‡Ä‡ÄˆÄš
ĹŠ>eo" ^WY[ .+ W‹ei" dWY_ÂŒ [b Ĺ—ĹŠ \Wceie Whj_ijW [ifW‹eb" gk[ ZkhWdj[ ik l_ZW \k[ WYjeh Z[ Y_d[" j[Wjhe o JL1 WZ[c|i Z[ ]k_ed_ijW o Z_h[Yjeh eYWi_edWb$ FWYe HWXWb" Yece i[ b[ Yede# Y‡W" _d_Y_ÂŒ ik YWhh[hW [d '/*, o jhWXW`ÂŒ fWhW ]hWdZ[i Z_h[Yje# h[i [khef[ei" [djh[ [bbei Bk_i 8k‹k[b gk[ \k[ ik ]hWd Wc_]e " 9Whbei IWkhW" F[Zhe 7bceZÂŒ# lWh" C_Y^[bWd][be 7djed_ed_" 9bWkZ[ 9^WXheb" BkY^_de L_iYedj_ o =_bbe Fedj[Yehle$ Iki f[b‡YkbWi c|i Z[ijWYWZWi \k[hed0 ĂˆBei iWdjei _deY[dj[iÉ" ĂˆBW ]k[hhW Z[ :_eiÉ" ĂˆJhk^Wd[iÉ" ĂˆL_h_Z_WdWÉ$$$
ĸ)4+(.ŊĉĊŊĹŊ %.23.ŊĉĉĚŊ
ĹŠ2(34 !(¢-ĹŠ#!.-¢,(! ĹŠ"#ĹŠ24ĹŠ/ 1#) ĹŠ "# #1;ĹŠ2#1ĹŠ3., " ĹŠ!.-ĹŠ, 8.1ĹŠ2#1(#" "ĹŠ8ĹŠ #-31#% ĹŠ ĹŠÄƒ-ĹŠ"#ĹŠ,#).1 1+ 2Ä“ĹŠ #!4#1"#Ä–ĹŠ 8ĹŠ4-ĹŠ 1, ĹŠ,;2ĹŠ3#11( +#ĹŠ04#ĹŠ + ĹŠ! +4,-( Ä–ĹŠ+ ĹŠ5#1" "Ä“
ĹŠĹŠ
ĸ %.23.ŊĉĊŊĹŊ2#/3(#, 1#ŊĉĉĚ
Ŋ,.3(5 !(¢-Ŋ8Ŋ $#!3.Ŋ04#Ŋ24Ŋ/ 1#) Ŋ 1#!( Ŋ"#Ŋ "ēŊ2#1;Ŋ,48Ŋ(,/.13 -3#Ŋ#-Ŋ #23#Ŋ,.,#-3.ēŊ #!4#1"#ĖŊ 4(#-Ŋ2#Ŋ $#!3 Ŋ/.1Ŋ4-Ŋ(-24+3.ĔŊ 2#Ŋ(-$#!3 ē
ĹŠĹŠ
ĸ2#/3(#, 1#ŊĉĊŊĹŊ.!34 1#ŊĉĉĚ 1.!41#Ŋ /+(! 1Ŋ, 8.1Ŋ#-31#% Ŋ8Ŋ3#- Ĺ !(" "Ŋ#-Ŋ#+Ŋ;1# Ŋ"#Ŋ31 ).Ŋ8 Ŋ04#Ŋ"#Ŋ+.Ŋ !.-31 1(.Ŋ24$1(1;Ŋ(-!.-5#-(#-3#2Ŋ#-Ŋ#+Ŋ ,(2,.ēŊ #!4#1"#ĖŊ .+.Ŋ2#Ŋ3(1 -Ŋ/(#"1 2Ŋ +Ŋ ;1 .+Ŋ! 1% ".Ŋ"#Ŋ$143.2ē
ĹŠĹŠ
ĸ.!34 1#ŊĉĊŊĹŊ-.5(#, 1#ĹŠÄ‰ÄˆÄšĹŠ
2ĹŠ1#+ !(.-#2ĹŠ $#!3(5 2ĹŠ-.ĹŠ2#1;-ĹŠ 1#!.,#-" +#2ĹŠ#-ĹŠ#23#ĹŠ,.,#-3.ĹŠ8 ĹŠ04#ĹŠ 3#-"#1;-ĹŠ ĹŠ' !#1ĹŠ2#-3(1ĹŠ+(,(3 ".Ä“ĹŠ #!4#1"#Ä–ĹŠ -ĹŠ 4#-ĹŠ5 ++ ".ĹŠ' !#ĹŠ 4#-.2ĹŠ 5#!(-.2Ä“
ĹŠĹŠ
ĸ-.5(#, 1#ŊĉĉŊĹŊ"(!(#, 1#ĹŠÄ‰ÄˆÄšĹŠ
ĹŠ1#+ !(¢-ĹŠ!.-ĹŠ24ĹŠ, "1#ĹŠ2#1;ĹŠ"($~!(+Ä—ĹŠ#5(3#ĹŠ 04#ĹŠ+.2ĹŠ!.-Ä„(!3.2ĹŠ$ ,(+( 1#2ĹŠ,#1,#-ĹŠ24ĹŠ 2#%41(" "ĹŠ8ĹŠ 43.#23(, Ä“ĹŠ #!4#1"#Ä–ĹŠ .2ĹŠ'., 1#2ĹŠ2.-ĹŠ!.,.ĹŠ+.2ĹŠ 9 ă1.2ĔŊ4-.2ĹŠ" -ĹŠ+49ĹŠ"#ĹŠ2~ĔŊ8ĹŠ.31.2ĹŠ 1(++ -ĹŠ !.-ĹŠ+ ĹŠ04#ĹŠ1#!( #-Ä“
ĹŠĹŠ
ĸ"(!(#, 1#ŊĉĉŊĹŊ#-#1.ĹŠÄˆÄ’Äš
.2ĹŠ-#%.!(.2ĹŠ"# #1;-ĹŠ2#1ĹŠ3., ".2ĹŠ!.-ĹŠ ,4!' ĹŠ2#1(#" "Ä“ĹŠ ĹŠ#-31#% ĹŠ04#ĹŠ+#2ĹŠ"_ĹŠ ĹŠ #++.2ĹŠ2#1;ĹŠ+ ĹŠ!+ 5#ĹŠ/ 1 ĹŠ04#ĹŠ#23.2ĹŠ!1#9! -ĹŠ 8ĹŠ/1.2/#1#-Ä“ĹŠ #!4#1"#Ä–ĹŠ (ĹŠ#+ĹŠ'., 1#ĹŠ$4#2#ĹŠ!.-23 -3#ĹŠ 2#1~ ĹŠ/#1$#!3.Ä“ĹŠ
ă- -ĹŠ,.3.1#2 Ä Ä†
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?ĀĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ĺ?
Ĺ? +. Ĺ?
#.9#+ -"_2ĹŠ % - ĹŠ2#%4-" ĹŠ #3 / ĔŊÄ?ĹŠ Ŋĸ ĚŊěŊ ;b d[ep[bWd#
Zƒi =h[] >[dZ[hied" Z[b Iao" ^W i_Ze [b l[dY[Zeh Wb ifh_dj [d bW i[]kdZW [jWfW Z[ bW FWh‡i# D_pW Z_ifkjWZW [djh[ Cedj\ehj# bÉ7cWkho o 7c_bbo" Z[ '/."+ a_bÂŒc[jhei" [d bW gk[ [b X[b]W J^ecWi :[ =[dZj cWdjkle [b cW_bbej Z[ b‡Z[h$ >[dZ[hied" gk[ _dl_hj_ÂŒ kd j_[cfe Z[ +^$&&$+," ]WdÂŒ [b fkb# ie Wb WkijhWb_Wde CWjj^[m =eii 9ebkcX_W o Wb hkie :[d_i =Wb_# cpoWdel AWjki^W $ :[ =[dZj Yedi[hlÂŒ [b b_Z[# hWje Yed YkWjhe i[]kdZei ieXh[ >[dZ[hied o i_[j[ h[if[Yje Wb \hWdYƒi Z[ bW <hWdYW_i[ Z[i @[kn @[h[co Heo$ ;d [b ifh_dj Ă’dWb" [b [gk_fe Cel_ijWh i[ fkie Wb \h[dj[ Z[b
Ä“ĹŠ 1#%ĹŠ #-"#12.-ĹŠ$4#ĹŠ ,;2ĹŠ1;/(".ĹŠ#-ĹŠ#+ĹŠ2/1(-3ĹŠÄƒ- +Ä“
]hkfe fWhW YebeYWh W @eiƒ @eW# gk‡d He`Wi" f[he [b HWXeXWda o [b 7ijWdW h[ifedZ_[hed$ <_dWb# c[dj[ [b 9ebkcX_W jecŒ [b cWd# Ze" f[he >[dZ[hied i[ [dYWh]Œ Z[ _cfed[h ik l[beY_ZWZ fWhW WZ`kZ_YWhi[ bW fh_c[hW l_Yjeh_W Z[ bW j[cfehWZW$ >eo i[ Z_ifkjW bW j[hY[hW [jW# fW [djh[ 9eid[ 9ekhi ikh Be_h[ o Dk_ji#IW_dj#=[eh][i" Z[ (&( a_bŒc[jhei Z[ h[Yehh_Ze$
+ĹŠ!(1!4(3.ĹŠ"#ĹŠ .-3,#+¢Ŋ #-ĹŠ 1!#+.- ĹŠ ĸ 2/  ĚĔŊ 1#!( (1;ĹŠ ĹŠ+ 2ĹŠ ÄˆÄ‰ĹŠ#2!4"#Äą 1~ 2ĹŠ#-ĹŠ+ ĹŠĂŒ+Äą 3(, ĹŠ2#2(¢-ĹŠ "#ĹŠ#-31#- Äą ,(#-3.2Ä“ĹŠĹŠ Ä“ĹŠ ĹŠ ěŊ BWi [iYkZ[# h‡Wi Z[ <ÂŒhckbW Kde Yecfb[# jWh|d W fWhj_h Z[ ^eo o ^WijW [b i|XWZe [d [b 9_hYk_je Z[ Cedjc[bÂŒ bW ‘bj_cW i[i_ÂŒd Z[ [djh[dWc_[djei Wdj[i Z[ gk[ WhhWdgk[ [b CkdZ_Wb [b (- Z[ cWhpe [d C[bXekhd[$ ;b 9_hYk_je Z[ 9WjWbk‹W i[h| bW i[Z[ Z[ bei ‘bj_cei [djh[dWc_[djei Z[ifkƒi Z[ gk[ ^WY[ kdWi i[cWdWi i[ ikif[dZ_[i[d bWi jWdZWi fh[# l_ijWi [d 8W^h[_d o [b =F [d bW f[gk[‹W _ibW Z[b =eb\e Fƒh# i_Ye feh bW h[lk[bjW ieY_Wb$ 7i‡" bWi '( \ehcWY_ed[i Z[ bW <' j_[d[d bW ‘bj_cW Y_jW [d Cedjc[bÂŒ fWhW W`kijWh bei cedefbWpWi Yed bei gk[ WhhWd# YWh|d [d C[bXekhd[" [d kd ckdZ_Wb gk[ jhW[h| _cfehjWd# j[i del[ZWZ[i" YWi_ jeZWi [bbWi h[bWY_edWZWi Yed [b YecfehjW# c_[dje Z[ bei dk[lei d[kc|j_# Yei gk[ ikc_d_ijhW F_h[bb_$ ;b YWb[dZWh_e Z[ Cedjc[# bÂŒ [i Z[ Y_dYe `ehdWZWi" Wkd# gk[ YWZW [gk_fe iÂŒbe feZh| heZWh YkWjhe Z‡Wi$ ;b [ifW‹eb <[hdWdZe 7bedie <[hhWh_ j_[d[ fh[l_ije fheXWh [b l_[h#
ÂĄ ĹŠ
Ä“ĹŠ +ĹŠ#04(/.ĹŠ !+ 1#-ĹŠ' 1;ĹŠ+.2ĹŠĂŒ+3(,.2ĹŠ#-2 8.2ĹŠ#-ĹŠ24ĹŠ5#'~!4+.Ä“
d[i o [b i|XWZe" c_[djhWi gk[ ik YecfW‹[he Z[ [gk_fe" [b XhWi_b[# ‹e <[b_f[ CWiiW" be ^Wh| [b c_ƒh# Yeb[i o [b `k[l[i$ Bei f_bejei gk[ oW [ijWh|d heZWdZe cW‹WdW W fWhj_h Z[ bWi /0&& ^ehWi i[h|d CWha M[X# X[h H[Z 8kbb " @[died 8kjjed CYBWh[d " I[h]_e Ăˆ9^[YeÉ Fƒ# h[p IWkX[h o I[XWij_[d 8k[c_ Jehe Heiie $ ;b [ifW‹eb @W_c[ 7b]k[hikWh_ Jehe Heiie fhe# XWh| ik cedefbWpW [b `k[l[i o [b l_[hd[i$
+3 Ŋ4-Ŋ/(+.3. ŊŊ #Ŋ#2/#1 Ŋ!.-.!#1Ŋ#-Ŋ+.2Ŋ/1¢7(Ĺ ŗ,.2Ŋ"~ 2Ŋ#+Ŋ2#%4-".Ŋ/(+.3.Ŋ"#Ŋ+ Ŋ
#2!4"#1~ ĹŠ (2/ -( ĔŊ!.-ĹŠ#+ĹŠ04#ĹŠ2#ĹŠ !#11 1;ĹŠ"#ă-(3(5 ,#-3#ĹŠ+ ĹŠ/ 11(++ ĹŠ "#ĹŠ+.2ĹŠÄˆÄ‰ĹŠ#04(/.2Ä“ĹŠ 23 ĹŠ+ ĹŠ$#!' ĔŊ (2/ -( ĹŠ2¢+.ĹŠ!4#-3 ĹŠ!.-ĹŠ 1 (-ĹŠ 13'(*#8 -ĹŠ8ĹŠ +%4- 2ĹŠ$4#-3#2ĹŠ /#1(."~23(! 2ĹŠ2#ĹŠ' -ĹŠ1#$#1(".ĹŠ ĹŠ04#ĹŠ #+ĹŠ#04(/.ĹŠ/."1~ ĹŠ +(-# 1ĹŠ/ 1 ĹŠ#+ĹŠ 11 -04#ĹŠ"#+ĹŠ 4-"( +ĹŠ +ĹŠ(3 +( -.ĹŠ (3 -3.-(.ĹŠ (499(Ä“ĹŠ
" +ĹŠ2(%4#ĹŠ +ĹŠ$1#-3#
;b Wh][dj_de :Wl_Z DWbXWdZ_Wd i_]k[ Ye# cWdZWdZe W bei `k]WZeh[i _X[heWc[h_YWdei [d bW YbWi_Ă’# YWY_ÂŒd CkdZ_Wb Z[ bW 7JF" [d [b fk[ije '/" [d kdW i[cWdW [d bW gk[ ^Wo feYei YWcX_ei feh bW Z_ifkjW Z[ bei fh_c[hei fWhj_Zei Z[ 9efW :Wl_i$ ;b [ifW‹eb HW\W[b DWZWb i[ cWdj_[d[ Wb \h[dj[ Yed '($)/& fkdjei [d kdW b_ijW gk[ de j_[d[ Wbj[hWY_ed[i [d bWi (/ fh_c[hWi YbWi_Ă’YWY_ed[i$ ;b ik_pe He][h <[Z[h[h eYkfW bW i[]kdZW YW# i_bbW Yed -$/,+ kd_ZWZ[i" ikf[# hWdZe feh Wf[dWi .+ fkdjei Wb i[hX_e DelWa :`eael_Y -$..& $ Feh ik fWhj[" DWbXWdZ_Wd i[ [dYk[djhW [d [b fk[ije '/ ]hWY_Wi W iki '$,++ fkdjei" Ä“ĹŠ ĹŠ ěŊ
*#12ĔŊ 4++2Ŋ8Ŋ #+3(!2Ŋ% - -Ŋ"#Ŋ5(2(3 ēŊ ŊěŊ - Ŋ5#9Ŋ,;2Ŋ#+Ŋ)4#%.Ŋ"#$#-2(5.Ŋ2#Ŋ1#(5(-"(!¢Ŋ!.,.Ŋ+ Ŋ
!+ 5#Ŋ04#Ŋ/#1,(3(¢Ŋ Ŋ+.2Ŋ *#12Ŋ"#Ŋ .2Ŋ:-%#+#2ĔŊ 4++2Ŋ"#Ŋ '(! %.Ŋ8Ŋ #+3(!2Ŋ"#Ŋ .23.-Ŋ!.-5#13(12#Ŋ#-Ŋ+.2Ŋ%1 -"#2Ŋ31(4-$ ".1#2Ŋ"#Ŋ+ Ŋ).1- " Ŋ "#Ŋ+ Ŋ ĔŊ04#Ŋ"#)¢Ŋ Ŋ+.2Ŋ /412Ŋ"#Ŋ -Ŋ -3.-(.ĔŊ#+Ŋ # 3Ŋ"#Ŋ ( ,(Ŋ8Ŋ+.2Ŋ 5#1(!*2Ŋ"#Ŋ ++ 2Ŋ!.,.Ŋ/#1"#".1#2ē
.2ĹŠ *#12ĹŠ2#ĹŠ(,/42(#1.-ŊĸĒĒĹđĊĚŊ ĹŠ+.2ĹŠ /412ĔŊ,(#-31 2ĹŠ04#ĹŠ#+ĹŠ04(-3#3.ĹŠ "#ĹŠ '(! %.ĹŠ". +#%¢ŊĸđÄ?ĹđÄ?ĚŊ +ĹŠ#04(/.ĹŠ"#ĹŠ ( ,(Ä“ĹŠ .2ĹŠ #+3(!2ĹŠ"#11.3 1.-ĹŠ ĸđĒĹđĊĚŊ ĹŠ+.2ĹŠ 4!*2ĔŊ+.ĹŠ04#ĹŠ1#24+3¢Ŋ#-ĹŠ+ ĹŠ04(-3 ĹŠ5(!3.1( ĹŠ!.-2#!43(5 ĹŠ"#+ĹŠ #04(/.ĹŠ"#ĹŠ .23.-Ä“ĹŠ
.2(!(.-#2ĹŠ !34 +#2
.2ĹŠÄˆÄ‡ĹŠ/1(,#1.2
$ #+ĹŠ " +Ŋĸ 2/  ĚŊ ĹŠ ĹŠÄˆÄ‰Ä“ÄŠÄ’Ä‡ĹŠ/3.2Ä“ .%#1ĹŠ #"#1#1Ŋĸ 4(9 ĚŊ ĹŠ ĹŠÄ?Ä“Ä’Ä?ÄŽ .5 *ĹŠ ).*.5(!Ŋĸ #1 ( ĚŊ ĹŠ ĹŠÄ?ēđđć . (-ĹŠ ."#1+(-%Ŋĸ 4#!( ĚŊ ĹŠ ĹŠÄ?ēćĎĎ -"8ĹŠ 411 8Ŋĸ -%+ 3#11 ĚŊŊ ĹŠÄŽÄ“Ä?ĈĎ 5("ĹŠ #11#1Ŋĸ 2/  ĚŊ ĹŠ ĹŠÄŒÄ“ÄŽÄˆÄ‡ ., 2ĹŠ #1"8!'Ŋĸ Ä“ĹŠ '#! ĚŊ ĹŠÄŒÄ“Ä‰Ä?ć -"8ĹŠ .""(!*Ŋĸ Ä“ĹŠ ēĚŊ ĹŠ ĹŠÄŠÄ“Ä?ÄŠÄŽ #1- -".ĹŠ #1" 2!.Ŋĸ 2/  ĚŊ ĹŠÄŠÄ“ÄˆÄŒÄ‡
41%#-ĹŠ #+9#1Ŋĸ 4231( ĚŊ ĹŠ ŊĉēÄ?Ċć
i_[dZe [b c[`eh ikZWc[h_YWde kX_YWZe [d [b jWXb[he$ ;ijW i[cWdW Ă’]khWd '( `k# ]WZeh[i _X[heWc[h_YWdei [djh[ bWi '&& c[`eh[i hWgk[jWi Z[b ckdZe$
ēŊ +Ŋ3#-(23 Ŋ !!#"(¢Ŋ!.-Ŋ 2Ĺ /  Ŋ Ŋ+.2Ŋ!4 13.2Ŋ"#Ŋ+ Ŋ ./ Ŋ 5(2ē
Ĺ? Ĺ?
Ĺ?
Ä Ä‡
13(".2ĹŠ"#ĹŠ + ĹŠ2#, - !3 5.2ĹŠ"#ĹŠÄƒ- +
Ĺ? ĀĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ĺ?
Ĺ? +. Ĺ?
-(!( ĹŠ+ ĹŠ 14#" ĹŠ"#ĹŠ 1#5 -!' 2
.8Ä–ĹŠÄˆÄŒÄ–ÄŒÄŽ
ŗŊ 1!#+.- Ŋĸ 2/  ĚŊ52ēŊ 12#- +Ŋ
ĸ -%+ 3#11 ĚŊŊ ŗŊ ' *'3 1Ŋ .-#32*Ŋĸ !1 -( ĚŊ52ēŊ Ŋ ., Ŋĸ 3 +( Ě
(_1!.+#2Ä–ĹŠÄˆÄŒÄ–ÄŒÄŽ
Ĺ—ĹŠ !' +*#ĹŠÄ‡ÄŒĹŠĹŠÄ¸ +#, -( ĚŊ52Ä“ĹŠ
+#-!( Ŋĸ 2/  Ě ŗŊ .33#-' ,Ŋ .32/41Ŋĸ -%+ 3#11 ĚŊ52ēŊ Ŋ (+;-Ŋĸ 3 +( Ě
ēŊ Ŋ ěŊ ;b [djh[dWZeh
Z[b 7hi[dWb" [b \hWdYƒi 7hi„d[ M[d][h" WĂ’hcÂŒ gk[ de iWX[ `k# ]Wh Wb Z[if_ij[" Z[ifkƒi Z[ gk[ \_dWbc[dj[ [b ^ebWdZƒi HeX_d LWd F[hi_[ l_W`ÂŒ Yed [b [gk_fe o j[d]W fei_X_b_ZWZ[i Z[ `k]Wh ^eo '*0*+ Wdj[ [b 8WhY[bedW" [d [b _d_Y_e Z[ bW hk[ZW Z[ h[lWdY^Wi Z[ bei eYjWlei Z[ Ă’dWb Z[ bW B_]W Z[ 9Wcf[ed[i$ ;b jƒYd_Ye WbiWY_Wde ^W Wi[]k# hWZe gk[ bW fh[i[dY_W [d [b [gk_# fe Z[ LWd F[hi_[ de [i d_d]kdW [ijhWjW][cW" o ^W _dZ_YWZe gk[ jeZWl‡W de iWX[ i_ [b ]eb[WZeh ^ebWdZƒi i[ l[ij_h| Z[ Yehje" oW gk[ be j[dZh| gk[ YedikbjWh Yed [b fhef_e Z[bWdj[he o Yed [b Yk[h# fe cƒZ_Ye$ M[d][h [nfh[iÂŒ [b Z[i[e Z[ ik fbWdj_bbW Z[ cWdj[d[hi[ l_lW [d [b cWoeh d‘c[he Z[ Yecf[j_# Y_ed[i fei_Xb[" o ^W cWd_\[ijWZe gk[ iki fkf_bei ÆZWh‡Wd bW l_ZW feh ]WdWhÇ Wb 8Wh‚W [d [b 9Wcf Dek$ FWhW eXj[d[h [b fWi[ W bei YkWhjei Z[ Ă’dWb" bei Z[ M[d][h Z[X[h|d ikf[hWh ckY^ei [iYe# bbei o" i[]‘d [b jƒYd_Ye \hWdYƒi" [b fh_c[he Z[ [bbei i[h| ÆiWb_h Z[ bW fh_c[hW fh[i_ÂŒd Z[b 8WhY[bedWÇ$
ÄĽ +#!31.!43 1ÄŚĹŠ ĹŠ %4 1#2 ĹŠ Äą
,#+#!ĹŠ5(2(3 ĹŠ #23 ĹŠ-.!'#ĹŠ Ä¸Ä‰ÄˆÄ–ÄŒÄŽÄšĹŠ#+ĹŠ#2Äą 3 "(.ĹŠ ~!3.1ĹŠ -4#+ĹŠ #8Äą - ĹŠ"#ĹŠ '( / 2ĹŠ ĸ _7(!.ĚŊ!.-ĹŠ #+ĹŠ. )#3(5.ĹŠ"#ĹŠ 24, 1ĹŠ$4#1 ĹŠ "#ĹŠ! 2 Ä“
^ ēŊ Ŋ ěŊ Ŋ Bei @W]kWh[i Z[
Ä“ĹŠ +ĹŠ 1%#-3(-.ĹŠ (.-#+ĹŠ #22(ĹŠ#2ĹŠ+ ĹŠ/1(-!(/ +ĹŠ/(#9 ĹŠ#-ĹŠ#+ĹŠ #204#, ĹŠ"#+ĹŠ 1!#+.- Ä“
9^_WfWi XkiYWh|d h[jecWh [b fWie jhWi kdW cWbW hWY^W Wb h[Y_# X_h [ijW deY^[ ('0*+ Wb ;c[b[Y" gk[ bb[]Wh| cej_lWZe feh iki Xk[dei h[ikbjWZei Wb fWhj_Ze Z[b =hkfe , Z[ bW 9efW B_X[hjWZeh[i gk[ i[ `k]Wh| [d Cƒn_Ye$ ;b ;c[b[Y Whh_XŒ W JknjbW =kj_ƒhh[p" YWf_jWb Z[b [ijWZe c[n_YWde Z[ 9^_WfWi" efj_c_ijW feh iki h[ikbjWZei Yece beYWb0
#1!#1 ĹŠ$#!' 14/.ĹŠ2#(2
ēŊ 5("Ŋ 4(1.9Ŋĸ"#1#!' ĚŊ8Ŋ#+Ŋ/ 1 %4 8.Ŋ #1- -".Ŋ (,_-#9Ŋ2#1;-Ŋ 3., ".2Ŋ#-Ŋ!4#-3 Ŋ"#2"#Ŋ#+Ŋ 11 -04#Ŋ"#+Ŋ!.,/1.,(2.ē
(++ +/ -".ĹŠ Ä“ 1#1 ĹŠ Ä“ 4#-3#2ĹŠ Ä“ ;-!'#9ĹŠ Ä“ +.1#2ĹŠ Ä“ -"1 "#ĹŠ Ä“ +"#9ĹŠ Ä“ ."1~%4#9ĹŠ Ä“ -2.ĹŠ Ä“ 1~ 2ĹŠ Ä“ 13~-#9ĹŠ Ä“
+(,.6(!9Ŋ ē !'(+(#1Ŋ ē 4( ¢-#9Ŋ ē %Õ~Ŋ ē 4( ¢-#9Ŋ ē 4(1.9Ŋ ē _-"#9Ŋ ē (,_-#9Ŋ ē .11#2Ŋ ē #- Ŋ ē #-_-"#9Ŋ ēŊ
Ä–ĹŠ .2_ĹŠ 4 " +Äą 4/#ĹŠ 149Ä“
Ä–ĹŠ , 1ĹŠ 2 "Ä“
.1 Ä–ĹŠÄ‰ÄˆÄ–ÄŒÄŽ :1 (31.Ä–ĹŠ 1+.-ĹŠ 2! + -3#Ŋĸ #-#94#+ Äš 23 "(.Ä–ĹŠ ~!3.1ĹŠ -4#+ĹŠ #8- 1 -2,(3#Ä–ĹŠ .7ĹŠ /.132
kd [cfWj[ '#' Yed [b ?dj[hdW# Y_edWb XhWi_b[‹e o kd jh_kd\e '# & ieXh[ [b @eh][ M_bij[hcWdd Xeb_l_Wde" bei Zei [gk_fei gk[ Yecfb[jWd [ijW bbWl[$ Bei @W]kWh[i jkl_[hed kd Xk[d Yec_[dpe Wb ]WdWh Yece beYWb[i Wb M_bij[hcWdd" f[he Z[ifkƒi f[hZ_[hed Z[ cWbW \eh# cW Wb YW[h ]eb[WZe Wdj[ [b ?dj[h# dWY_edWb *#& $ ;b fWhj_Ze Z[ ^eo [d [b [ijWZ_e L‡Yjeh CWdk[b H[odW i[ f[hĂ’bW Yece Z[ WbjW _cfehjWdY_W oW gk[ [d [ij[ ]hkfe" ZedZ[ [b ?dj[hdW# Y_edWb [i \Wleh_je" jeZe fWh[Y[ Z[ij_dWZe W gk[ [ijei Zei [gk_#
fei i[ `k[]k[d [b i[]kdZe bk]Wh$ ;b ?dj[hdWY_edWb o [b ;c[b[Y j_[d[d YkWjhe fkdjei" [b 9^_WfWi jh[i o [b @eh][ M_bij[hcWdd de j_[d[ kd_ZWZ[i Z[ifkƒi Z[ Zei `ehdWZWi Z_ifkjWZWi$ ;b [djh[dWZeh Z[b 9^_WfWi" [b c[n_YWde @eiƒ =kWZWbkf[ 9hkp" j[dZh| Yecfb[je W ik fbWdj[b$ ;d YWcX_e" [b jƒYd_Ye Z[b ;c[b[Y" [b Wh][dj_de EcWh 7iWZ" j[dZh| gk[ h[iebl[h Wb]kdWi i_jkWY_ed[i Z[ b[i_ed[i [d ik fbWdj[b0 de l_W# `Œ [b Z[\[diW ;ZkWhZe CehWdj[ o CWhY[be <b[_jWi" gk_[d i‡ be ^_pe" [ij| [d ZkZW feh Wb]kdWi ceb[ij_Wi$
.+#2ĹŠÄĽ31(!.+.1#2ÄŚĹŠ#-ĹŠ 42( -(ĹŠ2#ĹŠ+#2(.- ĹŠ"#ĹŠ%1 5#" "
ĹŠ 143 +ĹŠ#-31 " ĹŠ"#ĹŠ ,(#ĹŠ 11 %'#1ĔŊ"#ĹŠ (5#1/..+ĔŊ2. 1#ĹŠ#+ĹŠ/.1Äą 34%4_2ĹŠ -(ĔŊ"#+ĹŠ -!'#23#1ĹŠ -(3#"ĔŊ"(.ĹŠ!.,.ĹŠ1#24+3 ".ĹŠ4- ĹŠ/1.Äą $4-" ĹŠ'#1(" ĹŠ ĹŠ+ ĹŠ +341 ĹŠ"#ĹŠ+ ĹŠ3( ( ĹŠ(904(#1" ĹŠ04#ĹŠ2#%ĂŒ-ĹŠ+.2ĹŠ,_"(!.2ĹŠ "#+ĹŠ!+4 ĹŠ(-%+_2ĔŊ1#04#1(1~ ĹŠ24341 ĹŠ8ĹŠ"#2! -2.ĹŠ"#ĹŠ +%4- 2ĹŠ2#, - 2ĔŊ ,(#-31 2ĹŠ04#ĹŠ 11 %'#1ĹŠ2.+.ĹŠ$4#ĹŠ ,.-#23 ".Ä“
;b HkX_d AWpWd" YbkX ZedZ[ c_b_# jWd bei [YkWjeh_Wdei 9^h_ij_Wd De# XeW o MWbj[h 9^Wb|" i[ [dYk[djhW Ykcfb_[dZe ik jhWXW`e Z[ fh[j[c# fehWZW [d Jkhgk‡W$ ;b fWiWZe Ă’d Z[ i[cWdW Z_ifkjÂŒ Zei [dYk[d# jhei YecfheXWjeh_ei Wdj[ [b Ahob# oW Iel[jel Z[ IWcWhW" [gk_fe gk[ jWcX_ƒd Z_ifkjW bW B_]W HkiW$ :khWdj[ [b fh_c[h [dYk[djhe" [b [djh[dWZeh Z[b YkWZhe ĂˆL_de J_djeÉ" =khXWd 8[hZ_ [m" kj_b_pÂŒ [d ik [b[dYe j_jkbWh W bW h[Y_[dj[
YedjhWjWY_ÂŒd" [b Z[bWdj[he MWb# j[h 9^Wb|" gk_[d cWhYÂŒ [b fh_c[h jWdje [d bW l_Yjeh_W feh )#($ ;b [ijhWj[]W Z[ Jkhac[d_ij|d gk[ZÂŒ iWj_i\[Y^e Yed bW WYjkW# Y_ÂŒd Z[b WjWYWdj[ ĂˆJh_YebehÉ" gk[ i[ _dYehfehÂŒ [b c[i fWiWZe" bk[# ]e Z[ YbWi_Ă’YWh Yed ;YkWZeh Wb CkdZ_Wb IkX (& Z[ 9ebecX_W$ 9edYbk_Ze [b fWhj_Ze" b[ jeYÂŒ [b jkhde W DeXeW" gk_[d [i [b YW# f_j|d Z[b [gk_fe o jWcX_ƒd WXh_ÂŒ bW Yk[djW" fWhW gk[ [b HkX_d i[
Ä“ĹŠ +ĹŠ"#+ -3#1.ĹŠ +3#1ĹŠ ' +;ĹŠ$.1,¢Ŋ/ 13#ĹŠ"#+ĹŠ#04(/.ĹŠ- !(.- +ĹŠ 4 ŊĉćŊ04#ĹŠ!+ 2(ă!¢Ŋ +ĹŠ 4-"( +Ä“
_cfed]W )#' Wb AhoboW$ I[ j_[d[ fh[l_ije gk[ bW B_]W Z[ Fh_c[hW :_l_i_ÂŒd Z[ Hki_W Yec_[dY[ W Ă’dWb[i Z[ cWhpe$
/ ,. ŋ , ( ŋ* , ŋ., -ŋ' . ), .1ŊŊ !3 5(.Ŋ -!'#-.Ŋ 204(5#+ .3.2ŊŊ "6(-Ŋ ' -%Ŋĸ (*.Ě
9ed jWhZ[ W]hWZWXb[" \[ij_le o Yed c|i Z[ c[Z_W [djhWZW i[ h[Wb_pÂŒ bW j[hY[hW o ‘bj_cW Yehh_ZW Z[ bW \[h_W WcXWj[‹W$ >kXe fWiW`[i Z[ [ngk_i_je jeh[e Z[ bei WYWhj[bWZei o dei Z[`Whed Yed bW c_[b [d bei bW# X_ei" \W[dWi gk[ j[hc_dWhed cko W`kijWZWi o Z[iWjWhed fWi_ed[i [d bei j[dZ_Zei jhWi Zei _dZkbjei$ Bei [`[cfbWh[i gk[ i[ b_Z_Whed bW jWhZ[ Z[ Wo[h \k[hed Z[ FkY^Wb_# jebW" Jh_WdW o L_ijW^[hceiW " X_[d fh[i[djWZei" Z[ Xk[d `k[]e" Z[i# jWY|dZei[ bei Yehh_Zei [d gk_dje o i[nje" [ijei Zei ‘bj_cei \k[hed _dZkbjWZei$ C_]k[b 7X[bb|d be ^_pe W =hWY_eie Z[ Jh_WdW Z[ +(& Ä“ĹŠ .2ĹŠ"(#231.2ĹŠ $ #+(++.ĔŊ (%4#+ĹŠ #++;-ĹŠ8ĹŠ 4 -ĹŠ 1 -!(2!.ĹŠ (-.Äą a_bei" De$ (.(" c_[djhWi gk[ @kWd ).2 ĹŠ2 +(#1.-ĹŠ#-ĹŠ'., 1.2ĹŠ+ ĹŠ3 1"#ĹŠ"#ĹŠ 8#1ĹŠ"#ĹŠ+ ĹŠ + 9 ĹŠ"#ĹŠ .1.2ĹŠ , 3.ĹŠÄ“ <hWdY_iYe >_de`eiW be _dZkbjÂŒ W =[d_e" Z[ L_ijW^[hceiW" Z[ **+ a_bei" De$ ',$ jehe \k[hed bW XWi[ Z[ kdW bWXeh b[ jWfe bW YWhW o b[ [nfkie$ ;b jeh[# Z[ ckY^W [djh[]W o l[hZWZ$ BW he WfeijÂŒ o i[ [dYW`ÂŒ [d jWdZWi Z[ fh[i_Z[dY_W b[ ejeh]ÂŒ kdW eh[`W$ ;b Z[h[Y^Wpei o dWjkhWb[i" Yed cWd# $ #+ĹŠ 4 (.ĹŠ $ #+(++.ÄŚ ;b Z[ CkhY_W [d ik fh_c[he Z[ i[]kdZe Wd_cWb gk[ b[ Yehh[ifed# Ze o j[cfb[$ ;b Z_[ijhe Yedi_]k_ÂŒ ik bej[ h[Wb_pÂŒ kdW \W[dW Z[ YWb_# Z_ÂŒ [d ik[hj[ Z[ decXh[ =[d_[Y_# kdW eh[`W Z[ f[ie Wdj[ kd Xkh[b ZWZ" iki Z[h[Y^Wpei o dWjkhWb[i bbe" Z[ L_ijW^[hceiW i[ ceijhÂŒ gk[ b[ YeijWXW _h fWhW W\k[hW$ \k[hed `Wb[WZei Yed fWi_ÂŒd [d h[c_ie W [cX[ij_h o fh[i[djWXW bei j[dZ_Zei" fk[i ik eĂ’ Y_e [ijk# Z_Ă’ YkbjWZ[i" cWhYÂŒ ik j[hh_jeh_e (%4#+ĹŠ #++;le l_][dj[$ ;b i_j_e o kdW ckb[jW [d jWXbWi" f[he i[ [dYedjhÂŒ Yed kd ;b cWZh_b[‹e [d ik fh_c[h i_[cfh[ fk[ijW fWhW cWdZWh Wb [ifWZW fh[fWhWZe o Z[Y_Z_Ze" gk[ [`[cfbWh h[Wb_pÂŒ kdW \W[dW Yed
!'#51.+#3
YbWi[ o Whj[" f[he [ijkle Z[iW\eh# jkdWZe Yed [b WY[he o i[ fh_lÂŒ Z[b jhe\[e" lk[bjW Wb hk[Ze$ 9ed [b i[]kdZe Z[ ik bej[" 7X[bb|d b[ _dZkbjÂŒ" [`[YkjÂŒ ckb[jWpei c|i hejei o ^edZei Z[ bW \[h_W" Z[iZ[ gk[ iWb_ÂŒ W bei c[Z_ei WdZWdZe Yed YWj[]eh‡W" ^WijW bei h[YehjWZei WokZWZei feh Wbje" WdZkle feh bW Wh[dW Yed fWhY_ced_W" h[bW`WZe o i_dj_ƒdZei[ ^WijW [b c|i c‡d_ce Z[jWbb[" \k[ kd jeh[he Z[ fh_dY_f_e W Ă’ d" fk[i de gk_ie _hi[ Z[ bW \[h_W i_d jhe\[ei$ ;b fh[i_Z[dj[ Z[ fbWpW @eiƒ ?]dWY_e I[l_bbW de jkle c|i h[c[Z_e gk[ YedY[Z[h [b _dZkbje Z[ =hWY_eie Z[ fheY[Z[dY_W Z[ Jh_WdW" Z[ +(& a_bei" De$ (.($ :ei eh[`Wi o hWXe $ ĹŠ 4 -ĹŠ 1 -!(2!.ĹŠ (-.).2
;b dWY_edWb iWb_Œ Z[Y_Z_Ze W de Z[`Whi[ ]WdWh bW fWhj_ZW o lWoW gk[ be be]he" Yed ik fh_c[h [`[cfbWh h[Wb_pŒ kdW \W[dW bb[dW Z[ _bki_Œd o de b[ ^_pe \WbjW gk[ hecf_[hW W [cX[ij_h 8WbWdY[he Z[ C_hW\k[dj[ gk[ \k[ ik[bje o i[ d[# ]WXW W lebl[h W WY[fjWh [i [i\k[hpe gk[ be f[Z‡W [b [ifWZW$ >_de`eiW i[ \k[ ^WY_ƒdZei[ Yed ƒb feYe W feYe" b[ Z_e j_[cfe Wb WijWZe i_d WjWYWhb[ [d [nY[ie$ >kXe fWiW`[i Z[ ]hWd YWb_ZWZ h[Wb_pWZei feh [b
ĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ä Ä
gk_j[‹e$ 9ece fh[c_e W ik bWXeh bW fh[i_Z[dY_W b[ ejeh]Œ kdW c[# h[Y_ZW eh[`W$ 9ed [b i[]kdZe Z[ ik bej[ @kWd <hWdY_iYe >_de`eiW iW# b_Œ W jh_kd\Wh" de [iYWj_cŒ bWh]Wi YWcX_WZWi" d_ jeh[e Z[ heZ_bbWi" d_ Z[ifbWdj[i" d_ YkWbgk_[h ejhe h[# Ykhie Z[ ik lWh_WZe h[f[hjeh_e" [b Z_[ijhe b[ [cXWhYe bWi [cX[ij_ZWi [d ckb[jWpei bWh]ei" i_[cfh[ [d b‡d[W" gk[ jkl_[hed bW l_hjkZ Z[ ZWh \k[bb[ Wb jehe$ ;b f‘Xb_Ye f_Z_Œ [b _dZkbje Z[ =[d_e Z[ L_ijW^[h# ceiW" bW fh[i_Z[dY_W i_d ZkZWh b[ YedY[Z_Œ o b[ ejeh]Œ bei c|n_cei jhe\[ei Wb Z_[ijhe dWY_edWb Zei eh[`Wi o hWXe$
#24+3 ".2
4-#2ĹŠÄ?ĹŠ"#ĹŠ, 19.Ä“ĹŠ .11("
ŗŊ $ #+(++.ĔŊ.1#) ĔŊ.1#)
(%4#+Ŋ #++;-ĔŊ54#+3 Ŋ +Ŋ14#".ĔŊ (-"4+3.Ŋĸ".2Ŋ.1#) 2Ŋ8Ŋ1 .Ě
4 -Ŋ 1 -!(2!.Ŋ (-.).2 ĔŊ.1#) ĔŊ (-"4+3.Ŋĸ".2Ŋ.1#) 2Ŋ8Ŋ1 .Ě +Ŋ% - ".Ŋ$4#Ŋ"#Ŋ 4!' +(3.+ ĔŊ 1( - Ŋ8Ŋ (23 '#1,.2
Ä Ä‚
ĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
.,/#3#-!( ĹŠ 31 "(!(.- +ĹŠ "#ĹŠ!.!'#2ĹŠ"#ĹŠ , "#1 BWi YWbb[i 7cXWje i[h|d [b [iY[# dWh_e Z[ bW Yecf[j[dY_W [njh[# cW c|i jhWZ_Y_edWb [d YeY^[i Z[ cWZ[hW" ^eo W fWhj_h Z[ bWi '+0&& Z[iZ[ bW l‡W IWdjW HeiW" Yed bW fWhj_Y_fWY_ÂŒd Z[ Wbh[Z[# Zeh Z[ '&& f_bejei$ Bei fWhj_Y_fWdj[i Z[X[h|d jecWh bWi c[Z_ZWi Z[ i[]kh_ZWZ f[hiedWb[i" c_[djhWi jWdje [n_i# j_h|d fkdjei [ijhWjƒ]_Yei fWhW Wj[dY_ÂŒd cƒZ_YW" Yed 9hkp He`W" :[\[diW 9_l_b o XecX[hei$ Ied jh[i bWi YWj[]eh‡Wi fWh# j_Y_fWdj[i \k[hpW b_Xh[" bbWdjW _dĂ“ WZW o jhWZ_Y_edWb Z[djhe Z[ bW YWhh[hW Z[ YeY^[i" eh]Wd_pWZW feh HWZ_e 9[djhe$ BW YWb_Ă’ YWY_ÂŒd Yedi_ij_h| [d [b c[`eh j_[cfe gk[ ^W]Wd bei f_bejei Z[djhe Z[b h[Yehh_Ze$ ;b fkdje Z[ fWhj_ZW i[h| l‡W IWdjW HeiW1 CWdk[b_jW I|[dp1 L‡Yjeh >k]e1 h[ZedZ[b Z[ bW Wl[d_ZW 7jW^kWbfW1 I^oh_i1 Gk_i Gk_i1 fWhgk[ IkYh[1 Wl[# d_ZW ;b H[o1 h[ZedZ[b BW 9k# cWdZ|1 =edp|b[p Ik|h[p" Kd_# ZWZ DWY_edWb o bW bb[]WZW [d [b IeYWlÂŒd" BW Yecf[j[dY_W fefkbWh fh[# c_Wh| bei jh[i fh_c[hei fk[ijei Z[ YWZW YWj[]eh‡W" WZ[c|i Z[ bW WXiebkjW" Yed h[YedeY_c_[djei [YedÂŒc_Yei o jhe\[ei$
(-++.Ŋ5(5(¢Ŋ4- Ŋ , 1 3¢-Ŋ14, #1
ĹŠ#-#1%~ ĹŠ"#ĹŠ%1 -"#2ĹŠ8ĹŠ!'(Äą !.2ĹŠ2#ĹŠ1#Ä„ĹŠ#)¢Ŋ#-ĹŠ+ ĹŠ).1- " ĹŠ "#ĹŠ14, ĹŠ3#1 /( ĔŊ1# +(9 " ĹŠ / 1 ĹŠ(-!#-3(5 1ĹŠ +ĹŠ"#/.13#Ä“ <k[hed Wbh[Z[Zeh Z[ '&& f[h# iedWi gk_[d[i i[ _diYh_X_[# hed [d bW fh_c[hW cWhWjÂŒd Z[ hkcXWj[hWf_W h[Wb_pWZW [d F_dbbe" gk[ ZkhÂŒ YkWjhe ^ehWi o c[Z_W" fheXWdZe bW h[i_i# j[dY_W o YedZ_Y_ÂŒd \‡i_YW Z[ bei fWhj_Y_fWdj[i$ ;ij[ YedYkhie Z[fehj_le" \k[ YbWi_Ă’ YWZe [d i[_i YWj[]e# h‡Wi" bWi c_icWi gk[ \k[hed fh[c_WZWi Yed jhe\[ei W bei Zei fh_c[hei fk[ijei Z[ kX_# YWY_ÂŒd$ >ecXh[i o ck`[h[i" i[ YebeYWhed Yed bW h[if[Yj_lW dkc[hWY_ÂŒd" fWhW h[Wb_pWh bW hkj_dW" [d bW gk[ \k[hed YWb_Ă’ # YWZei" h[i_ij[dY_W" cel_b_ZWZ
o Z[ijh[pW fWhW _c_jWh bei fW# iei Z[ XW_b[" WZ[c|i Z[ bW Wh# ced‡W Yed bW gk[ h[Wb_pWXWd bei [`[hY_Y_ei$ DWZ_[ gk_ie gk[ZWh \k[# hW Z[b YedYkhie" cWi gk[ feh ]WdWh kd fh[c_e be ^_Y_[hed feh iWbkZ" Wi‡ be Wi[]khÂŒ @kb_W" HWcei Z[ +. W‹ei" gk[ WYec# fW‹WZW Z[ ik d_[jW i[ kd_ÂŒ W bW Ă’ [ijW Z[fehj_lW $ <k[hed Y_dYe _dijhkYjeh[i bei gk[ cWhYWXWd [b fWie Wb h_j# ce Z[ iWbiW" h[]k[jÂŒd o c[h[d# ]k[" fWhW gk[ bei Z[fehj_ijWi c[Z_Wdj[ cel_c_[djei YWZ[d# Y_eiei h[WĂ’ hc[d bei c‘iYkbei" f[he ieXh[ jeZe j[d]Wd W]_b_ZWZ [d iki Yk[hfei$
ÂĄ Ä“ĹŠ .2ĹŠ/(+.3.2ĹŠ "#,.231 1;-ĹŠ242ĹŠ' (+(" "ĹŠ#-ĹŠ#+ĹŠ , -#).ĹŠ"#ĹŠ+.2ĹŠ/./4+ 1#2ĹŠ!.!'#2ĹŠ"#ĹŠ , "#1 Ä“
- ".1#2ĹŠ Kde Z[ bei Z[jWbb[i gk[ bbW# cÂŒ bW Wj[dY_ÂŒd" \k[ bW Wi_ij[d# Y_W Z[ ^ecXh[i" o d_‹ei" bei gk[ i_]d_Ă’ YÂŒ ckY^e fWhW bei eh]Wd_pWZeh[i" fk[i i[ i_dj_[# hed iWj_i\[Y^ei [d bW WY[fjW# Y_ÂŒd gk[ jkle [b [l[dje$ ;ij[ [dYk[djhe Z[fehj_le i[h| [b fh_c[he Z[ Wb]kdei gk[ i[ h[Wb_Y[d W be bWh]e Z[b W‹e" feh bW ]hWd WĂ“ k[dY_W gk[ j_[d[ bW hkcXW j[hWf_W$ ?dY[dj_lWh o c[`ehWh bW YW# b_ZWZ Z[ l_ZW Z[ bWi f[hiedWi \k[b [b fh_dY_fWb eX`[j_le feh [b gk[ kd ]hkfe Z[ f[hiedWi h[Wb_pÂŒ [ijW cWhWjÂŒd" Wi‡ be Wi[]khÂŒ 7d_jW HeZh‡]k[p" YeehZ_dWZehW$
1 3¢-Ŋ 4,
3#%.1~ 2 23 ÄˆÄŽĹŠ  .2 ÄˆÄ“ÄąĹŠ -"1# ĹŠ +".- ". ĉēĹŊ .!#+8-ĹŠ 13#% ĊēĹŊ 8 - ĹŠ 1!_2 ĈÄ?ĹŠ ŊĊćŊ  .2 ÄˆÄ“ÄąĹŠ (,#- ĹŠ 13#% ĉēĹŊ .+ ĹŠ 5 11#3# ÄŠÄˆĹŠ ĹŠÄŒÄŽĹŠ  .2 ÄˆÄ“ÄąĹŠ + ĹŠ #5 ++.2 ĉēĹŊ .2 ĹŠ 8.1% ĹŠÄŒÄ?ĹŠ#-ĹŠ "#+ -3# ÄˆÄ“ÄąĹŠ ( - ĹŠ 1#"#2 ĉēĹŊ ,/ 1(3.ĹŠ 8.1% 1.-#2 ÄˆÄ“ÄąĹŠ +#7ĹŠ #1" ĉēĹŊ .8ĹŠ .11# ĊēĹŊ .1%#ĹŠ 4(2ĹŠ 4%#-(.Ä“
.1ĹŠ +ĹŠ2#15(!(.ĹŠ"#ĹŠ+ ĹŠ!.,4-(" " Bei c_[cXhei Z[b :_ijh_je IYekj Jkd]khW^kW" Y[b[XhWhed [b Ăˆ:‡W Z[ bW =hWj_jkZ IYekjÉ" ZedZ[ i[ h[YedeY_ÂŒ [b Zed Z[ ][dj[ Z[ gk_[# d[i ied i[hl_Y_Wb[i" Z_iY_fb_dWZei" f[he ieXh[ jeZe WcWdj[i Z[b Xk[d l_l_h$ ;b fh_c[h ]hkfe IYekj Z[ Jkd# ]khW^kW WfWh[Y_ÂŒ [d W‹e '/')" Z[iZ[ [djedY[i gk_[d[i ie‹Whed Z[iZ[ d_‹ei Yed [ijW WYj_l_ZWZ" i[ kd_[hed Wb ĂˆYbWdÉ" fWhW h[Wb_pWh WYj_l_ZWZ[i Z[ WokZW o ieXh[l_# l[dY_W$ ;b fh_dY_f_e \kdZWc[djWb Z[
/,,,&
bei iYekji [i [b h[if[je W bW l_ZW" i[]’d bei fbWdj[Œ 8WZ[d#Fem[bb \kdZWZeh Z[b cel_c_[dje `kl[d_b c|i ]hWdZ[ Z[b ckdZe" Yed c|i Z[ )& c_bbed[i Z[ IYekji [d Wbh[# Z[Zeh Z[ '.& fW‡i[i$ 9h_ij_Wd LWbZƒi" Yec_i_edWZe Z_ijh_jWb Z[ Jkd]khW^kW" ^WXbŒ Z[b W]hWZ[Y_c_[dje gk[ bei iYekji j_[d[d YkWdZe Wb]k_[d bei WfeoW" feh [ie W]hWZ[Y_Œ Wb ?dij_jkje Ik# f[h_eh 8eb‡lWh" feh i[h [b fh_c[h fWjheY_dWZeh [d iki WYj_l_ZWZ[i Yeb[Yj_lWi$
ĉĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
Ä Äƒ
,#- 9 1.-ĹŠ!.-ĹŠ- Äą 5 ) 2ĹŠ/ 1 ĹŠ1. 1
Ĺ—
ēŊ Ŋ 2 , +# Ŋ2#Ŋ1# +(9¢Ŋ2(-Ŋ+ Ŋ/1#2#-!( Ŋ"#Ŋ/.+(!~ Ŋ8Ŋ,#"(.2Ŋ"#Ŋ!.,4-(! !(¢-ĔŊ+.2Ŋ+~"#1#2Ŋ!.,4-(3 1(.2Ŋ/("(#1.-Ŋ1#2#15 ē
!/ Ä…Ĺ‹),.#! Ĺ‹3Ĺ‹&6.#!)Ĺ‹ Ĺ‹*, -/(.)Ĺ‹0#)& ),Ĺ‹
.2ĹŠ+~"#1#2ĹŠ!.,4-(3 1(.2ĹŠ-.ĹŠ/#1,(3(#Äą 1.-ĹŠ#+ĹŠ !!#2.ĹŠ ĹŠ,#"(.2ĹŠ"#ĹŠ!.,4-(! Äą !(¢-ĔŊ-(ĹŠ ĹŠ .+(!~ Ä“ C|i Z[ ,& c_[cXhei Z[b XWhh_e IWd <hWdY_iYe Z[ bW Yeckd_ZWZ Fk]WdiW" f[hj[d[Y_[dj[ W Gk_iW# f_dY^W" i[ h[kd_[hed [d bW YWiW YeckdWb Z[b bk]Wh" fWhW `kp]Wh o [iYkY^Wh bei Wh]kc[djei Z[ 9ƒiWh :Wh‡e 7oWY^_fe" gk_[d [ij| WYkiWZe Z[ fh[ikdjWc[d# j[ ^WX[h WXkiWZe i[nkWbc[dj[" ZkhWdj[ Zei W‹ei" Z[ ik Yk‹WZW CWh‡W D" Z[ '* W‹ei$ I[]‘d _d\ehcWY_ÂŒd h[i[h#
lWZW fhefehY_edWZW feh bei _dj[]hWdj[i Z[ bW Yeckd_ZWZ" 7oWY^_fe ^WXh‡W WXkiWZe Z[ bW c[deh feh Zei W‹ei XW`e Wc[# dWpWi" f[he [bbW hecf_Œ [b i_b[d# Y_e o be Z[dkdY_Œ W kde Z[ iki \Wc_b_Wh[i gk_[d W ik l[p Z_e W YedeY[h Z[ bei ^[Y^ei Wb i[‹eh YWX_bZe" gk_[d Z[ _dc[Z_Wje eh# ]Wd_pŒ W kd ]hkfe Z[ Yeckd[# hei fWhW gk[ ^W]Wd bWi h[if[Yj_# lWi Wl[h_]kWY_ed[i$
,6!# Ĺ‹'/ ,. Ĺ‹ Ĺ‹(#˜)Ĺ‹ Ĺ‹Ä Ĺ‹ ˜)-
#1#,.-( ĹŠ"#ĹŠ /41(ă! !(¢ŗŊŊ .2ĹŠ+~"#1#2ĹŠ!.,4-(3 1(.2ĔŊ+4#%.ĹŠ "#ĹŠ+ ĹŠ 2 , +# ĹŠ1# +(9 " ĹŠ#-ĹŠ+ ĹŠ! 2 ĹŠ
!.,4- +ĔŊ"#!("(#1.-ĹŠ/41(ă! 1ĹŠ ĹŠ _2 1ĹŠ 1~.ĹŠ ĔŊ!.-ĹŠ %4 ĔŊ.13(% ĹŠ8ĹŠ +;3(%.Ä“ 23#ĹŠ! 23(%.ĹŠ -!#231 +ĹŠ2(15#ĹŠ/ 1 ĹŠ/4Äą 1(ă! 1ĹŠ#+ĹŠ!4#1/.ĹŠ8ĹŠ +, ĹŠ"#+ĹŠ"#3#-(".ĔŊ #+ĹŠ !3.ĹŠ$4#ĹŠ 8#1ĹŠ ĹŠ+ 2ĹŠÄˆÄ?ĖććĔŊ2(-ĹŠ04#ĹŠ 2#ĹŠ/#1,(3 ĹŠ !!#2.ĹŠ ĹŠ+.2ĹŠ,#"(.2ĹŠ "#ĹŠ!.,4-(! !(¢-ĔŊ#-31#ĹŠ3 -3.ĹŠ+ 2ĹŠ (-5#23(% !(.-#2ĹŠ 5 -9 -ĔŊ8 ĹŠ04#ĹŠ #+ĹŠ"#3#-(".ĹŠ-.ĹŠ$4#ĹŠ#-31#% ".ĹŠ ĹŠ+ ĹŠ .+(!~ ĹŠ !(.- +Ä“
/ 4Ĺ‹.) )Ĺ‹ ŋÝĀŋ'#&Ĺ‹ š& , :ei YecfkjWZehWi fehj|j_b[i" Y|cWhW Z_]_jWb" W][dZW Yed Ze# Ykc[djei f[hiedWb[i" jWh`[jWi Z[ YhƒZ_je o c|i Z[ ', c_b ZÂŒbWh[i [d hefW Wc[h_YWdW \k[hed heXW# Zei Z[ bW l_l_[dZW kX_YWZW [d bW YWbb[ @kb_e @WhWc_bbe o Bei 7j_i$ Bei Z[b_dYk[dj[i \ehpWhed bWi i[]kh_ZWZ[i Z[ bW l_l_[dZW fWhW Yec[j[h [b _b‡Y_je bW jWhZ[ Z[b i|# XWZe Wdj[h_eh$ 7][dj[i Z[ bW Fe#
@Wl_[h D" Z[ i_[j[ W‹ei" \Wbb[Y_Œ Wb feYe j_[cfe Z[ ^WX[hi[ YW‡Ze c_[djhWi `k]WXW [d ik l_l_[dZW kX_YWZW [d [b XWhh_e IWd @eiƒ Z[ FeWbŒ f[hj[d[Y_[dj[ W F‡bbWhe" Wo[h W bWi ',0&&$ Ik cWZh[" HeY‡e [ij| ikc_ZW [d bW f[dW o bW jh_ij[pW oW gk[ ^WijW [b cec[dje de iWX[ Yece [nWYjWc[dj[ eYkhh_Œ [ijW bWc[d# jWXb[ ck[hj[$ I[]‘d kde Z[ bei j[ij_]ei" [b c[deh `k]WXW [d [b fWj_e YkWdZe Z[ fhedje i[ YWoŒ o [cf[pŒ W fed[hi[ Z[ Yebeh ce# hWZe feh be gk[ \k[ jhWibWZWZe Wb >eif_jWb :eY[dj[ 7cXWje [d kdW WcXkbWdY_W$ 7b bb[]Wh Wb |h[W Z[ ;c[h][dY_W bei ]Wb[dei _dj[d# jWhed iWblWhb[ bW l_ZW Z[ jeZWi bWi \ehcWi fei_Xb[i" i_d [cXWh]e iki [i\k[hpei \k[hed _d‘j_b[i$ :[ _dc[Z_Wje [b Yk[hfe Z[b f[gk[‹e _d]h[iŒ W bW Ceh]k[
;b c_ƒhYeb[i fWiWZe [b ik# fk[ije WjWYWdj[ i[nkWb \k[ Z[# j[d_Ze" f[he [iYWfŒ o \k[ beYWb_# pWZe Wo[h W bWi &/0&& o jhWi kdW bbWcWZW W bei b_Z[h[i Z[ bW Ye# ckd_ZWZ" i[ h[Wb_pŒ kdW WiWc# Xb[W fWhW Z[Y_Z_h ik ik[hj[$ C_[cXhei Z[b Z[ijWYWc[dje feb_Y_Wb Z[ Gk_iWf_dY^W" `kdje Yed Bk_i 7bX[hje F_cXecWpW" J[d_[dj[ Feb‡j_Ye" WYkZ_[hed Wb bk]Wh fWhW YedeY[h ieXh[ [b YWie" i_d [cXWh]e bei _dZ‡][# dWi i[ ceijhWhed [igk_lei o de f[hc_j_[hed gk[ i[ jec[d \eje# ]hW\‡Wi Z[b Z[j[d_Ze" jWcfeYe Z[`Whed [b YWie [d cWdei Z[ bW `kij_Y_W ehZ_dWh_W$
;hWd bWi '.0&& Z[ Wo[h YkWdZe :Wd_[b D" bb[]Œ Wb >eif_jWb :eY[dj[ 7cXWje" [d ik YWc_ed[jW Yed fbWYW F>?#(+*" YkWdZe Z[ fhedje Zei cWb[Wdj[i Wc[dWpWhed W ik ^_`W <|j_cW D" ^WijW iWYWh o bb[lWhi[ [b Z_ijh_Xk_Zeh Z[b l[^‡Ykbe$ BW c[deh [ijWXW Wc[dW# pWZW feh kde Z[ bei f_bbei gk[ fei[‡W kdW dWlW`W" c_[d# jhWi [b ejhe iWYWXW [b WfWhWje" gk_[d[i i[ f[hYWjWhed Z[b ^[# Y^e" _dj[djWhed WjhWfWh W bei ik`[jei f[he [bbei iWb_[hed [d fh[Y_f_jWZW YWhh[hW W bW [igk_dW ZedZ[ bei [if[hWXW kd l[^‡Ykbe Wpkb Yed fbWYW F87#+&&," fWhW [iYWfWh Yed Z_h[YY_Œd W ?pWcXW$
b_Y‡W @kZ_Y_Wb" WYkZ_[hed Wb bk]Wh fWhW jecWh \eje]hW\‡Wi o h[YWXWh _d\ehcWY_Œd ieXh[ bei ^Wcfed[i gk[ Yec[j_[hed [b Z[b_je" i_d cW# oeh[i f_ijWi ieXh[ [b ^[Y^e$ BWi Wkjeh_ZWZ[i feb_Y_Wb[i f_# Z[d W bW Y_kZWZWd‡W gk[ i_ de# jWd Wb]kdW WYj_l_ZWZ [njhW‹W bW Z[dkdY_[d Wb '&'" oW gk[ [i bW ‘d_YW \ehcW fWhW WjhWfWh W bei Z[b_dYk[dj[i$
Ä“ĹŠ 4ĹŠ, "1#ĹŠ +ĹŠ(%4 +ĹŠ04#ĹŠ242ĹŠ $ ,(+( 1#2ĹŠ2#ĹŠ,.231 1.-ĹŠ,48ĹŠ31(23#2ĹŠ#-ĹŠ + 2ĹŠ $4#1 2ĹŠ"#ĹŠ+ ĹŠ .1%4#Ä“
Z[ bW c[dY_edWZW YWiW Z[ iWbkZ" fWhW gk[ kd ]Wb[de Z[ c[Z_Y_# dW b[]Wb" h[Wb_Y[ bW Wkjefi_W W Ă’d Z[ Z[j[hc_dWh bWi YWkiWi Z[ ik Z[Y[ie$
¥ ēŊ %#-3#2Ŋ"#Ŋ+ Ŋ ĔŊ++#% 1.-Ŋ +Ŋ+4% 1Ŋ/ 1 Ŋ1# +(9 1Ŋ#+Ŋ/#1(3 )#Ŋ"#+Ŋ +4% 1ē
4Ŋ, "1#Ŋ+.Ŋ1#!.-.!(¢Ŋ
9ece <hWdab_d 9W]kWdW" ŗZ[ () W‹ei" \k[ h[YedeY_Ze [b
`el[d gk[ [b i|XWZe Wdj[h_eh" WfWh[dj[c[dj[ i[ bWdpŒ Z[b fk[dj[ @kWd B[Œd C[hW$ Ik cWZh[ Ze‹W CWh‡W EbelWY^[" [d c[Z_e Z[ ikfb_YWi" ehWY_e# d[i o ]h_jei" f[Z‡W gk[ :_ei i[ be h[]h[i[" o W‘d de Yec# fh[dZ[ Yece ik ^_`e jecŒ jWd \WjWb Z[Y_i_Œd$ BW ck`[h Z[ Yedj[njkhW Z[b]WZW _dZ_YŒ gk[ ƒb [ijk# Z_WXW fWhW iWYWh bW b_Y[dY_W Z[ YedZkYjeh fhe\[i_edWb" f[he kdW \k[hj[ Z[fh[i_Œd fheZkY_ZW fehgk[ ik del_W be Z[`Œ feh ejhe ^ecXh[" be ^WXh‡W YedZkY_Ze W jecWh bW \WjWb Z[Y_i_Œd$ Bei jh|c_j[i fWhW bW d[# Yhefi_W" [cf[pWhed Wo[h W bWi '.0)&$
āą
ŏĉŏŏ ŏŏ ŏ ŏĂĀāā
ŏ +. ŏ
M<E;<;FI<J #-"#".1ēũ -$ēũćĊĉČĈĎĊČĉũĵũćĒĎđĈĐďĒĉ ũ #-3 2ũ8ũ!. 1 -9 2ēũ -$ēũćĒĎćĉČćďĉ
ũ 2(!¢+.% ũ -"4231( +ēũũ -$ēũćĒĎČĉĉĈĊĊ ũ 2(!¢+.% ũ -"4231( +ēũ -$ēũ ĉČĉĈĊČĈũ ĵũ ćđČďĈĎĊďćũ
8KI9E ;CFB;E ũ -%#-(#1.ũ#-ũ"(2# .ũ -"4231( +ēũ(-$.1,#2ũ ĉČĈĉĈĈđĵćđĐćĉĎćĎĒ
'.$#1ũ /1.$#2(.- +Ĕũ ! 3#%.1~ ũ ēũ -$ēũ ćđĐĊČĐČĎĉ
-%#-(#1 ũ #-ũ $(- -9 2ēũ (-$.1,#2ũ ĉđĐČĉćĈĵćđĐđĈďĎĉĉ
'.$#1ũ/1.$#2(.- +ēũ(/.ũ ũũ!.-ũ! ,(¢-ũ"#ũ Ďũ3.-#+ " 2ē -$ĖũćĒĐĈĊĉďĈČ
#-2 )#1.ũ ĵũ !. 1 ".1ēũ .2#.ũ +(!#-ı !( ũ 3(/.ũ ġ Ģũ 8ũ ġ Ģēũ -$ēũ ćđČĎČĉĊĊČũ ĵũũ ćđđĒćđĒďďũ
ũ #!;-(!.ũ(-"4231( +ēũ -$ēũćĒĎćĒĊĉćĉũ
.3.1(9 ".ũ !.,.ũ ,#-2 )#1.ũ 8ũ / /#+#2ũ +ũ "~ ũ ,.3.ũ /1./( ēũ ćĒĉĒđČĐĈćēũ (;-ũ %4(11#
%1#2 " ũ 1*#3(-%ũ8ũ #23(¢-ũ"#ũ #%.ı !(.2ēũ -$ēũćĒđĉĊĊĈĉĎ #%.!(.2ēũ -$ēũćđĐČćĊđĊČ
_!-(!.ũ#-ũ(-$.1,;3(! ēũ -$ēũćĒđđďĒĈćĊ
GIF=<JFI<J
@E><E@<IFJ
ũ 1.$#2.1ũ"#ũ,Ì2(! ēũ _!-(!.ũ#-ũ .!#-!( ũ 42(! +ēũ -$ēũĉČĈđĐđđũĵũćđČďĒĈćĐĊ
-%#-(#1 ũ#-ũ 1*#3(-%ēũ -$ēũĉČĈĈďČĊũĵũ ćĒđđĉććĉć
-%#-(#1 ũ #-ũ .-3 (+(" "ũ 8ũ 4"(3.1~ ēũ -$ēũćĒđĎĒĐĈđď
'.$#1ũ /1.$#2(.- +ēũ (/.ũ ũ -$.1,#2Ėũ ĉČĉĉĒĐćĵćđĐĊČĉĈĐď
154+ 1( ēũ ćĒĉĎćĈĊďĐũ
-%#-(#1 ũ #-ũ 1% -(9 !(¢-ũ "#ũ ,/1#ı 2 2ēũ -$ĖũćđĐĊđĐĒĐďē
-%#-(#1 ũ#-ũ 1% -(9 !(¢-ũ"#ũ ,/1#2 2ēũ -$ēũĉČČĎĊĎĎ
'.$#1ũ/1.$#2(.- +Ėũ -$.1,#2ĖũĉČĉĐĎĊđ
3#-!(¢-ũ +ũ !+(#-3#ēũ -$ēũ ĉĐĎČĎďďũ ĵũ ćĒĎďĐĎĐĎĒũ
-%#-(#1.ũ #-ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũĉđĎĊĐĊĒũĵũćđČďćĐđĈďũ
ũ -%#-(#1 ũ#-ũ ",(-(231 !(¢-ũ"#ũ ,/1#ı 2 2ēũ -$ēũćđĐĈđĈČĐĒ
'.$#1ũ/1.$#2(.- +ũĵũ #%41(" "ũ -"4231( +Ėũ -$ēĖũćĊĉđĎĈđďđıćĒĉĎĒćĈđđ
3#-!(¢-ũ +ũ !+(#-3#Ĕũ , 1*#3(-%Ĕũ 5#-3 2ēũ -$ēũćđĊĈĉĎĉĎćũ
-%#-(#1.ũ#-ũ ,/1#2 2ēũ -$ēũĉČĈČĉĊďũĵũ ćđĐđĈďđďćũ
-%#-(#1 ũ#-ũ +(,#-3.2ēũ -$ēũćđćĐĎĎĉĎČ
'.$#1ũ /1.$#2(.- +ēũ ĉđĎďČćĒũ ĵũ ćĒĎĎćďďĐđ
4~ ũ 341~23(! Ĕũ /1.$#2.1 ũ "#ũ (+.2.$~ ēũ -$ēũćĒćĊĈĒĐČćũ
'.$#1ũ /1.$#2(.- +Ĕũ +(!#-!( ũ 3(/.ũ ġ Ģēũ #-%.ũ ! ,(¢-ũ 84-" (ũ 41%.-ũ Ĕũ ĈĒĒČĔũ ! / !(" "ũ Ċũ 3.-#+ " 2ēũ 3#+_$.-.Ėũ ćĒĒĉćĊĐĎđũıũĉĎĉĉđĊđ
2(23#-3#ũ #ũ #1#-!( Ĕũ 5#-3 2ēũ -$ēũ ćĒđĐČĊćĐĒũĵũĉđćĉČĊć
234"( -3#ũĐ,.ēũ #,#231#ũ"#ũ 1*#3(-%ēũ -$ēũćĒĎĎĊĊĈđĊ
!'(++#1ũ 4~,(!.ũ (¢+.%.ēũ -$.1,#2ũ ćđĐĒĎĒćĉČĵćđĐĈĎďĒĎĒ
_!-(!.ũ #-ũ (23#, 2ēũ -$ēũ ćđĐćĎĊďĊćũ ĵũĉđĉĈďđČ
1#-2(23 Ĕũ#7/#1(#-!( ũ#-ũ(,/1#-3 2ēũ -$ēũ ćĒĒĒďČđĈďũĵũĉđĉĉďĐĒũ
ũ (!#-!( " ũ#-ũ .,4-(! !(¢-ũ .!( +ēũ -$ēũ ćĒĎćĉĒĒďđ
-$#1,#1 ēũ ćđČĎČĐČĈĒ
ũ !'(++#1ũ _!-(!.ēũ +#!31(!(" "ũ -"4231( +ēũ
ćĒđĊĐĊćČďũ
ĵũ
154+ 1( ēũ -$ēũćđČČČćĒĊđ 1.$#2.1 ũ 154+ 1( ēũ -$ēũ ćĒĎđĊĎĈĒĊũ ĵũ ćĒđĉĈĒĎČČũ 154+ 1( ēũ -$ēũĉđĎĈČĐĉũĵũćđĐđĈďĊĈĊ
-%ēũ #-ũ (23#, 2ēũ #+ũ ćđĈćĈĎđĊďĵũ ĉČĈďĈĐĉ
:FEK8;FI<J 47(+( 1ũ !.-3 +#ĵ 3#-!(¢-ũ +ũ !+(#-3#ũ -$ĖćđĐĐďďĉČć
-%#-(#1 ũ .,#1!( +ũ !.-ũ #7/#1(#-ı !( ũ #-ũ !. 1 -9 2ēũ -$ēũ ćđČĎćĊďđČũ ĵũ ćđĐČćĐĈćČũ
47(+( 1ũ!.-3 +#ũ -$ĖćĒĒĒČĒćĎĐ
-%#-(#1 ũ .,#1!( +ēũ -$ćđĐđĊĈĊđĒ
ēũ -$ēũćđććĈČĉđĈĵĉČĈđĎĉĈ ũ 47(+( 1ũ .-3 +#ēũ -$ēũ ĉČĈćĊďďũ ĵũ ćđĐĒĒĐĈĈĊũ
%1#2 ".ũ"#ũ -%#-(#1~ ũ#-ũ +(,#-3.2ēũ -$ēũ ćĒđĊćđĒĈďũ -%#-(#1 ũ#-ũ ,/1#2 2ēũ -$ēũćđĐĒđĉĐĊĐũ
ũ ēũ ēũ ēũ ćđČĎĈĊĐćĉũĵũĉđĉĐČČĉ -%#-(#1.ũ #-ũ #23(¢-ũ (- -!(#1 ēũ -$ēũ ćđČČĈČĉćĈũĵũćĒĐĊćĈĊĈć -%#-(#1.ũ (5(+ēũ -$ēũćĒĉĐćĒĐďĈ -%#-(#1.ũ#-ũ (23#, 2ēũ -$ēũćĒđĊĉĉćđĎ
8;D@E@JKI8K@MFJ
ũ '.$#1ũ /1.$#2(.- +Ĕũ ũ !.-ũ ! ,(¢-ũ
#!1#3 1( ũ )#!43(5 ēũ -$ēũ đĊĉČĊĊđČũ
'.$#1ũ /1.$#2(.- +Ĕũ ! 3#%.1~ ũ ēũ -$ēũ ćĒđćĐćĉČČũ
-%#-(#1.ũ !.,#1!( +ēũ ĉČĎĉĒĎćũ ĵũ ćĒĎĒđĉĒĒĒ
.-3 ".1 ũ !'(++#1ēũ -$ēũćđČćĊĒđđĉ
ũ -%#-(#1.ũ "#ũ ,/1#2 2ēũ -$ēũ ĉČČĉĉĐďũ ĵũćđĊĉĒĒĐĉĐ
%1#2 " ũ (#-!( 2ũ ",(-(231 3(5 2ēũ -$ēũ ćđĊĉďČćĉć
%1#2 ".ũ "#ũ -%#-(#1~ ũ +#!31¢-(! ũ #-ũ .,4-(! !(.-#2ēũ -$ēũ ĉđĉĎďĐĈũ ĵũ ćđČĐđĎćĐĎũ
/ !(3 ".1ũ#-ũ ",(-(231 !(¢-ũ Ì +(! ēũ -$ēũćĒČĎĊćČćđ
%1#2 ".ũ "#ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũĉđĉĒČćĈĵćđĐĒđďĒďĉ .-3 ".1 ēũ -$ēũćđĐććđďĐďũ -%#-(#1 ũ #-ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũćĒććđĐĒďĎũ 1 ēũ -ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũ ĉČĈđĎĉĈũĵũćĒđĒĒćďĒĊ %1#2 " ũ "#ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũĉČĈĈĐĉĈũĵũćĒĎĉĎććĎć .-3 ".1 ēũ ćĒĎČćĊĈĎđ
-$ēũ
ĉČĉĎĒďćũ
ĵũ
-%#-(#1 ũ"#ũ ,/1#2 2ēũ .-3 ".1 ēũ -$ēũ ĉČĎććČĐũĵũćĒĐĒČććĉđũ
-%#-(#1 ũ .,#1!( +ēũ -$ēũ ĉđČďćĉČũ ĵũ ćĒďđćĉĐďĈ
-%#-(#1 ũ "#ũ ,/1#2 2ēũ -$ēũ #+$ēũ ćđďđĊĈĎĒũĵũćĒĈććďďĉď -%#-(#1 ũ .,#1!( +Ėũ -$ēũćĒđĉĐĐďĐĈ
-%#-(#1.ũ #-ũ +(,#-3.2ēũ -$.1,#2Ėũ ćĒđĈĐĊđĐĉ ũ -%#-(#1 ũ .,#1!( +ēũ -$ēũ ĉđĉĐČČĉũ ĵũ ćđČĎĈĊĐćĉ
47(+( 1ũ!.-3 +#ēũ -$ēũćđĐĒĉĊďĐĎ
'.$#1ũ /1.$#2(.- +ũ ćĒĒćĈĉĊĈć
42! ũ 31 ).ũ
#ũ1# +(9 ũ31 ).2ũ"#ũ/(-341 ũ#-ũ! 2 2Ĕũũ #+$ĖũćđĎĉćČĈĐĒ
<DGC<F ;FD<JK@:F ,/+# " ũ".,_23(! ēũ -$ēũćĒćĈĊćĊćĒ ,/+# " ũ".,_23(! ēũ -$ēũćĒđđĒČďćĐ ,/+# " ũ ".,_23(! ēũ #+$ĖćđĒĒćĎĒČĉũ ĵćđĒĒĊĊĊĉČ ,/+# " ũ".,_23(! ēũ #+$ĖćĒćĐĐďĈĐČĵć đĒĒćĎĒČĉĵćđĒĒĊĊĊĉČ
(,/(#9 ũ "#ũ ! 2 Ĕũ .$(!(- 2ēũ -$ēũ ćđďĐďďĐĈćũĵũĉČĈĎČĎĊũ
ũ .5#-ũ !'(++#1ũ #-ũ .-3 (+(" "ũ !.-ũ +(!#-!( ũ3(/.ũ Ĕũ +.-#1.ũũćđČďďđďĎĒ
13 ēũ !'(++#1ũ#-ũ(-$.1, 3(! ũ 4#- ũ/1#ı 2#-!( ēũĉđĎćČČĐ ũ 11#%+.ũ "#ũ !.,/43 ".1 2ēũ -$ēũ ćĒĎđćČČđď
ũ #!#/!(.-(23 ũĵũ 2(23#-3#ũ .-3 +#ēũ -$ēũ ćđĐĊđďĈĉĐ
%1#2 " ũ #-ũ -! ũ 8ũ (- -9 2ēũ -$ēũ ćĒĉĎĐććĈČ
-%#-(#1.ũ #-ũ #1! ".3#!-( ēũ -$ēũ #+$ēũ ĉđĎĒĊĒĈũĵũćĒČČćĎđČČũĵũćđĐđĈĐĉđĉ
ĵũ
#!#2(3.ũ#,/+#.ũ2.8ũ!'.$#1ũ/1.$#2(.- +ũ !.-ũ +(!#-!( ũ 3(/.ũ ġ Ģũ + , 1ũ +ũ 3#+$ēĖũ ćĒĒĎĉĈđĒĐũĵũćĒĒĎĉĈđĒĐ
!.-.,(23 ēũ -$ēũćđČČĒĊĒćĈũĵũĉĎĉĈđČć
-(231 !(¢-ũ "#ũ 1."4!!(¢-Ĕũ ēũ + , 1ũ +ũ ĉČĎĈĈĊČũĵũćĒĎđĎĎĐĈĉ
ćĒĐĎďĉĎĒćũ
ũ #-2 )#1.ũ .3.1(23 ēũ -$ēũĉČĈĒĉĊĐ
-%ēũ #!;-(!.ēũ 2/#!( +(9 ".ũ #-ũ ",(ı
<:FEFD@JK8J
-$ēũ
'.$#1ũ2/.13, -ēũ -$ēũćđĐďďĉĊĊĊũũũũũ
#ũ1# +(9 ũ31 ).2ũ"#ũ/(-341 ũ#-ũ! 2 2Ĕũũ #+$ĖũćĒĒćĈĉĊĈć
.-3 ".1 ēũ ćĒđĎĒďćĒď
ĵũ
47(+( 1ũ ",(-(231 3(5 Ĕũ 5#-3 2Ĕũ 3#-ı !(¢-ũ +ũ !+(#-3#ēũ -$ēũ ćđČĐČČĐćČũ ĵũ ćđĊĈđĐđČĊũ
'.$#1ũ/1.$#2(.- +ũ3(/.ũġ Ģũ/ 1 ũ3 7(2ũ8ũ ! ,(.-#2ũ"#ũĎũ3.-#+ " 2ēũ -$ĖũĉČććđĎĎũ ıũćĒĎĐĒĒĈČĊũũũũũũ
#!1#3 1( ũ #!#/!(.-(23 ēũ 47(+( 1ũ!.-ı 3 +#ēũ -$ēũćđČĎďďĈĒďũ
ũ -%#-(#1.ũ #-ũ (23#, 2ēũ -$.1,#2Ėũ ĉČĎĉĐĎĎũĵũćđĐČĒĊĉČĉ
ĉČĉďđĊđũ
#!1#3 1( ēũ -$ēũćĒĎćĉđĐĉĊ
ćđĒćĎĎđćČ
%1#2 ".ũ "#ũ -%#-(#1~ ũ +#!31¢-(! ũ #-ũ .,4-(! !(.-#2ēũ -$ēũ ĉđĉĎďĐĈũ ĵũ ćđČĐđĎćĐĎũ
%1#2 " ũ"#ũ ",(-(231 !(¢-ēũ .-3 ".ı 1 ēũ -$ēũĉČĈĎďĒďũĵũćĒĒĐĐĎđĐď -$ēũ
'.$#1ũ /1.$#2(.- +ēũ -$ēĖũ ćđĉćČđĐĊĉũũ ĸćĊĹĉČĈĊČĉĊũ
%1#2 ".ũ"#ũ ",(-(231 !(¢-ũ"#ũ ,/1#ı 2 2ēũ -$ēũćĒČđĎđĈĎĎēũ
-%#-(#1 ũ #-ũ .-3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũĉĎĉćĉĈćũĵũćĒĉĐĉćĉČĒ
!3 5.ũ2#,#231#ũ"#ũ -%#-(#1~ ũ#-ũ .-ı 3 (+(" "ũ 8ũ 4"(3.1( ēũ -$ēũ ĉĐĎČĊČćũ ĵũ ćđĊČććďćĐ
'.$#1ũ /1.$#2(.- +ēũ -$ēũ ćĊĉũ ČĈĉĊćđũ ĵũ ćđČĈČđđđĊ
:FEJKIL::@FE
+ (+Ĕũ 1, ".1ũ"#ũ3 +.-#2 #!-¢+.%.ũ (5(+ũ 8ũ ( +ēũ -$Ėũ ĉČĉĉĒĐćĵũ ćđĐĊČĉĈĐď 13#2 -.ũ! +($(! ".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 -$ēũ ćĒĐĎČĈđĐĎ
4/#15(2.1ũ"#ũ ."#% ēũ -$ēĖũćĒĉũĒĎũĎđũćĉũ IJũĉũČĉũČČũĉĎũũũ 84" -3#ũ"#ũ.$(!(- ũĵũ 47(+( 1ũ"#ũ#-$#1ı ,#1~ ēũ -$.1,#2ĖũćĒđĉćĉĈĈĉ .,4-(! ".1ũ 2.!( +ũ ĵũ #+ !(.- ".1ũ Ì +(!.ũ ĵũ #231.ũ "#ũ #1#,.-( 2ēũ -$ēũ ćđČćĈĐČďĒ %1#2 ".ũ 1*#3(-%ũ8ũ #23(¢-ũ"#ũ #%.ı !(.2ēũ #+$ĖũĉđĎćĈĊĐĵćĒđĊđĉććČ #-2 )#1.ēũ -$ēũĉĐďĉĊđĉ ũ .,4-(! ".1 ũ .!( +ēũ -$ēũĉđĉĈĊĒĊ ..1"(- ".1 ũ ćĊĉĉĐČćđĈĐ
"#ũ
5#-3.2ēũ
-$ēũ
+#!31(!(23 ēũ -$ēũćĒĉĎđćĊćĒũ
ũ _!-(! ũ 4/#1(.1ũ #-ũ .,/43 !(¢-ũ #ũ (-$.1,;3(! ēũ -$ēũćđćĊĎďĉĎĐ
!'.$#1ũ /1.$#2(.- +ũ ĵũ 1# +(9.ũ 5( )#2ũ !.-ũ 5#'~!4+.ũ/1./(.ēũ -$ēũćđĊĈĈĐćĊĉ
#!1#3 1( ũ )#!43(5 ũ (+(-%Õ#ēũ -$ēũ ćđĒĐđĈćđć
#+#!31(!(23 ũ ĵũ , -3#-(,(#-3.ũ ĵēũ -$ēũ ćĒĒĎćĒĊĉćĉũũ
47(+( 1ũ "#ũ .$(!(- ũ ĵũ ,#-2 )#1.ēũ -$ēũ ćđĐĎĎĉĊďĈ
.% ".ēũ -$ēũĉđĉđďĒČ
-%#-(#1.ũ"#ũ ,/1#2 2ēũ -$ēũćĒđĐĎĉĐćĐ
11#%+.ũ! 2 2Ĕũ"#/ 13 ,#-3.2ũ4ũ.$(!(- 2Ĕũ 84" ũ8ũ!4(" ".ũ ũ "4+3.2ũ, 8.1#2ēũ -$Ėũ ćĒđĐĎĉđĈď
234"( -3#ũ "#ũ 41(2/14"#-!( Ĕũ 2_/3(,.ũ 2#,#231#ēũ -$ēũćđćĐČďĒďĈ
-%#-(#1.ũ #-ũ (23#, 2ēũ -$ēũ ĉđĎĊĒĉĊũ ĵũ ćĒđĎďČđČĈ
(,/(#9 ũ"#ũ! 2 2Ĕũ"#/ 13 ,#-3.2Ĕũ.$(!(ı - 2ēũ -$.1,#2ĖũćĒćĊĊĎĈĐďũĵũĉĐĎČďĈĉēũ
ũ #-ũ +4,(-(.ũ 8ũ 5("1(.ēũ -$ēũ ĉđĉĊďĈĈũ ĵũ ćĒđĈĊĒĎĉĒ
%1#2 " ũ"#ũ+ ũ$ !4+3 "ũ"#ũ .-3 (+(" "ũ8ũ 4"(3.1~ ēũ -$ēũĉđĉđĐĐĊũĵũćĒĒĉďďĐĉĈ
.% " ēũ -$ēũĉČĉČćĎĒũĵũćĒĎČćĒĐĐĒ
42!.ũ #,/+#.ēũ -%#-(#1.ũ #-ũ .-ı
4(" ".ũ"#ũ -!( -.2ēũ -$ēũćĒđđćĎĊČćũ
#231.ũ#+#!31.,#!;-(!.ēũ .+" "41 ũ"#ũ 34 #1~ 2ũ ũ /1#2(¢-ēũ -$ēũ ũ ćĒĊćĎĊĈĒĉũ ĵũ ćđĈđĒĉĒĉďũ
.-3 ".1 ı !'(++#1Ĕũ ũ,#"(.ũ3(#,/.ēũ -$ēũ ĉđĉćĊďđ
89F>8;FJ
%1#2 " ũ "#ũ #23(¢-ũ (- -!(#1 ēũ -$ēũ ćĒĎĎĒćĎđđ
3 (+(" "ũ 8ũ 4"(3.1~ Ėũ ćĒđĉĉĐĊĈđũ ĵũ ćĊĉČĈĎĎĊđ
4(" ".ũ"#ũ -!( -.2ēũ -$ēũćĒĉĐćĎĒČď
234"( -3#ũ #ũ #1#!'.ēũ -$ēũćĒĒćĎĊĊđĐ
-%#-(#1.ũ #-ũ .-3 (+(" "ũ 8ũ 4"(3.1~ Ėũ ćĊĉđďĐĉĈďũĵũćđĐĐđĉĒĉĊ
(,/(#9 ũ "#ũ .$(!(- 2ũ 8ũ ,#-2 )#1 ēũ -$ēũ ćĒĒćĉĉđĈĊũ
.% ".ũ (-$.1,#2Ėũ ćđĒĒĉČďĎĈũ ĵũ ĉđĐĈćĈĎ
-%#-(#1 ũ #-ũ #23(¢-ũ (- -!(#1 ēũ -$ēũ ĉČĎććĎćũĵũćĒĎĐĈČĒđď
4(" ".ũ "#ũ -!( -.2ũ 8ũ -( .2ēũ -$ēũ ĉČĉĊĎćĊũ
2(!¢+.%.ēũ -$ēũćđĐďĒĎďČĊ
-%#-(#1 ũ #-ũ #23(¢-ũ (- -!(#1 ēũ -$ēũ ćđĐđĈďĎĉĉ
(,/(#9 ũ "#ũ ! 2 Ĕũ .$(!(- 2ēũ -$ēũ ćđďĐďďĐĈćũĵũĉČĈĎČĎĊũ
2(!¢+.% ũ +~-(! ēũ -$ēũ ĉČĐďĈĎĎũ ĵũ ćĒĈďĈĈĎćĎũ
-%#-(#1.ũ .,#1!( +ēũ -$ēũ ĉČĎĉĒĎćũ ĵũ ćĒĎĒđĊćć
,/+# " ũ".,_23(! ũćĒđđĒČďćĐ
2(!¢+.%.ũ -"4231( +ēũ -$ēũćđĐČČďĎĒĊũ
-%#-(#1.ũ #-ũ ,/1#2 2ēũ -$ēũ ĉČĈĎĊĒćũ ĵũ ćđćďĈĈćĒć
GJ@:FCF>FJ
154+ 1( ēũ -$ēũćĒĉĎĐććĈČ 2(!¢+.%.ũ -"4231( +ēũ -$.1,#2ĖũĉđČďĈđČũ ĵũćĒĉĐđĊĉĎČ 234"( -3#ũ ćĒđććĒĈĎď
"#ũ
2(!.+.%~ ēũ
-$ēũ
2(!¢+.% ũ -"4231( +ēũ -$ēũ ĉČĈĈČďćũ ĵũ ćđČĈĐĈďĒĐ
ũ #!#2(3.ũ!.2#1ũ. 1 2ũ ũ+ ũ! 2 ũ++ , 1ũ ćĒĈĒĉćĈĉć
:?F=<I<J
-%#-(#1.ũ .,#1!( +ı '.$#1ũ/1.$#2(.- +ēũ -$ēũćđČČĈČđĎć
ũ '.$#1ũ/1.$#2(.- +Ĕũ+(!#-!( ũ ēũ -#).ũ "#ũ31;(+#1Ĕũũ -$ēũćĒĉĉďĎĐćď
%1#2 ".ũ -%#-(#1( ũ (5(+ũ -$ēĖũćĒĎĉďĒĈČĐũ ıćĒĎćČĊĊĒĊ
'.$#1ũ /1.$#2(.- +Ĕũ +(!#-!( ũ 3(/.ũ ēũ -$ēćĒĒĎĉĈđĒĐıćĒĒĎĉĈđĒĐēũũ
-%#-(#1 ũ #-ũ #23(¢-ũ (- -!(#1 ēũ -$ēũ ćĒĎĐĈČĒđďũĵũĉČĎććĎć
'.$#1ũ /1.$#2(.- +Ĕũ +(!#-!( ũ 3(/.ũ ēũ -$ēũ ćĒĉČćĉĎĈĎũ
ũ -%#-(#1 ũ .,#1!( +Ėũ -$ēũũĉđćĎČĎĈ
M8I@FJ (-3.1ũ"#ũ 43.2Ĕũ24#+" Ĕũ31 ).ũ5 1(.2ēũ #++ĖũćđćĐĈČććĊ 2 )#ũ #1 /_43(!.ũ8ũ$+.1 +ũ/ 1 ũ" , 2ēũ -$ēũćĒĈČČĈĈĈć )#1 ũ ĵũ 5#-"#".1 ũ ĵũ 1#!#/!(.-(2ı 3 ēũ ũ ,#"(.ũ 3(#,/.ēũ -$ēũ ĉđĎĎćĈćũ ĵũ ćĒĉČĊĒĉďĎũ 4 1"( ũ"#ũ #%41(" "ēũ -$ēũćĒđĉĉćđďČ %#-3#ũ!423."(.ĵũ#2!.+3 ũ"#ũ2#%41(" "ēũ -$ēũćđđĈďćďĈĒ )#1.Ĕũ /#1!'#1.Ĕũ "(%(3 ".1Ĕũ 3#!-¢+.ı %.ũ #-ũ !.,/43 !(¢-ēũ -$ēũ ĉČĈđćĉďũ ĵũ ćđĊćĎđĊćĒ
(!#-!( " ũ#-ũ 41(2,.ũ (23¢1(!.ũ 4+34ı 1 +ēũ -$ēũćĒćĊĈĒĐČć
.,4-(! !(¢-ũ .!( +ēũ -$ēũĉđĉďĒĉĉ #1 /( ũ ~2(! ēũ -$ēũĉČĈĐĐĉĒ 1*#3(-%ũ 8ũ #23(¢-ũ "#ũ #%.!(.2ēũ -$ēũ ćĒĉĐĈĈđĎĈ 234"( -3#ũ"#ũ"(2# .ēũ -$ēũćđČďđĉĉćĉ ũ %1#2 " ũ"#ũ 1*#3(-%ēũ -$ēũĉđĎĊďĐď ."#+.ũ/1.$#2(.- +ēũ .+.ũ!.-3 !3.2ũ/1.ı $#2(.- +#2ēũ -$ēũćđĐČćĊĊĎĈũ .,4-(! !(¢-ũ .!( +ēũ 1."4!!(¢-ũ1 "( +Ĕũ ,42(! +Ĕũ+.!4!(¢-Ĕũ2.-("(23 ēũ -$ēũĉČĉĊĎĊĒũ ĵũćĒĒćĒđĎĊĈē
(!ēũ .,4-(! !(¢-ũ .!( +ēũ -$ēũĉČĈĉćĒĊ .,4-(! ".1 ũ .!( +ēũ -$ēũ ćđĊććĎĒČĊũ ĵũĉđĉďĒĉĉ #!-¢+.% ũ#-ũ ",(-(231 !(¢-ũ"#ũ ,/1#ı 2 2ēũ -$ēũĉĐČĉĎĒĈũĵũćĒĉďĒđČČĎũ
ũ #!1#3 1( ũ (+(-%Õ#ēũ -$ēũĉđĎĉĊďć
(!#-!( " ũ #-ũ 1 ).ũ .!( +ēũ -$ēũ ćĒĎďĐĎĈĉĉ ũ #!1#3 1( ēũĉđČĒĉĐď
-$ēũĉĐĎĎććć
2(23#-3#ũ"#ũ.$(!(- ũ #+$ĖũćđČıĉĉĉıĉćĎ 2#15(!(.ũ "#ũ .1" ".2ēũ -$ēũ ĉČĉČćĐĈũ ĵũ ćĒđĈďćČĎĊũ %1#2 ".ũ #-ũ 1*#3(-%ũ 8ũ #23(¢-ũ "#ũ #%.!(.2ũ #+$ēũ ćĊĉČĈĉđćĊĵćđĐČČćĉďĎ !'(++#1ũ #-ũ ćĒĉĎĈĊĉĊĒũ
(-$.1, 3(! ēũ
-$ēũ
%1#2 ".ũ #-ũ -%#-(#1~ ũ #-ũ 1% -(ı 9 !(¢-ũ "#ũ ,/1#2 2ũ -$Ėũ ĉČĉĈĈďČĵũ ćđČĈđćČČČĵćđĈĊĐćČĊČ !'(++#1ũ #-ũ !.-3 (+(" "ēũ 7/#1(#-!( ũ #-ũ 5#-3 2ũ 8ũ 3#-!(¢-ũ +ũ !+(#-3#ēũ #+$Ėũ ćđĊĉĒĉČĐĊ
ũ %1#2 " ũ"#ũ .-3 (+(" "ũ8ũ 4"(3.1( ēũ -$ēũćđČďĈĎććĐĔũćĊĉđĉĒĎĒĐ
234"( -3#ũ-.5#-.ũ-(5#+ũ"#ũ ",(-(231 ı !(¢-ēũ -$ēũćĒĎĎĉďĉĈČ ,/+# ".ũ -! 1(.ũ!4 +04(#1ũ;1# ėũ!'.ı $#1ũ /1.$#2(.- +ũ #+$ēũ ćĒĎĒďĎČĊĐũ 8ũ ćĊũ ĉČĈćČČĉ #!#/!(.-(23 ēũ -$ēũ ćĒĒČćĊČĐĒũ ĵũ ćđĉďĎďĉČćũ 84" -3#ũ "#ũ !.!(- Ĕũ ! , 1#1.ēũ -$ēũ ćĒćČČČĎĒĐ ũ3#!-¢+.%.ũ#-ũ -;+(2(2ũ"#ũ (23#, 2ēũ -$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 -$ēũ ćĒđđĎđđĊćũ ĵũ ĉđČĉĊĈćũ %1#2 ".ũ"#ũ 1% -(9 !(¢-ũ"#ũ ,/1#2 2ēũ -$ēũĉĎĉĈćĐĒũĵũćđĐĉĐďĈĐć (-3.1ũ /1.$#2(.- +ũ "#ũ ! 2 2ũ /(-341 ũ "#!.1 3(5! ũ #-ũ %#-#1 +ũ % 1 -3(9 ".ēũ ćĒĒćĈĉĊĈć ũ (!#-!( ".ũ #-ũ "4! !(¢-ũ , (#-ı 3 +ũ 8ũ !.341(2,.ēũ -$ēũ ĉđČĉĊĈćũ ĵũ ćĒđđĎđđĊć #!1#3 1( ēũ -$ēũĉđĎĎćĈćũĵũćĒĉČĊĒĉďĎ ũ %1#2 ".ũ "#ũ 1% -(9 !(¢-ũ "#ũ ,/1#ı 2 2ēũ -$ēũćđĐĉĐďĈĐćũĵũĉĎĉĈćĐĒ ũ %1#2 " ũ "#ũ 1% -(9 !(¢-ũ "#ũ ,/1#ı 2 2ēũ -$ēũćĒđĉĉČĐĈČ %1#2 ".ũ "#ũ 1% -(9 !(¢-ũ "#ũ ,/1#ı 2 2ēũ -$ēũćđĒČďđďĒĊũĵũĉĐĎČĐČĈ #!1#3 1( ũ (+(-%Õ#ũ ĵũ /1.$#2.1 ũ "#ũ (-%+#2ēũ -$ēũćđĐđĉďćĉĈ #!1#3 1( ēũ -$ēũĉČĈďćČĈũĵũćđČĉĐďĈĐČũ
/+//-
-$ēũ
ũ %1#2 ".ũ #-ũ 1*#3(-%ũ 8ũ #23(¢-ũ "#ũ
+ũ #1#!'.ũ
āć
ŏĉŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
Ėũ ēũ ^ũ } ũ }
;b Whj Ykbe .( Z[ bW 9edij_jkY_ d Z[ bW H[f Xb_YW i[ WbW Æ;b Z[h[Y^e W bW i[]kh_ZWZ `kh Z_YW i[ \kdZWc[djW [d [b h[if[je W bW 9edij_jkY_ d o W bW [n_ij[dY_W Z[ dehcWi `kh Z_YWi fh[# l_Wi" YbWhWi" f Xb_YWi o Wfb_YWZWi feh bWi Wkjeh_ZWZ[i Yecf[j[dj[iÇ$ 9edYehZWdY_Wi0 7hj$ *(* 9H1 (+ 9E<@1 ' 991 o ) 9FF$ ;b Whj Ykbe (+ Z[b 9 Z_]e Eh]|d_Ye Z[ bW <kdY_ d @kZ_Y_Wb Z_Y[ ÆFH?D9?F?E :; I;=KH?:7: @KHÞ:?97$# BWi `k[pWi o `k[Y[i j_[d[d bW eXb_]WY_ d Z[ l[bWh feh bW YedijWdj[" kd_\ehc[ o \_[b Wfb_YWY_ d Z[ bW 9edij_jkY_ d" bei _dijhkc[djei _dj[hdWY_edWb[i Z[ Z[h[Y^ei ^kcW# dei" bei _dijhkc[djei _dj[hdWY_e# dWb[i hWj_\_YWZei feh [b ;ijWZe o bWi b[o[i o Z[c|i dehcWi `kh Z_YWiÇ$ 9edYehZWdY_Wi0 7hji$ .(" '-(" '/* o '/+ 9H1 7hji$ ))+ Wb )). 9E<@$ :[ be gk[ i[ Z[ifh[dZ[ gk[ bW i[]kh_ZWZ `kh Z_YW" de [i ejhW YeiW gk[ bW fei_X_b_ZWZ gk[ [b ;ijWZe Z[X[ ZWhdei c[Z_Wdj[ [b Z[h[Y^e" Z[ fh[# l[h bei [\[Yjei o Yedi[Yk[dY_Wi Z[ dk[ijhei WYjei e Z[ bW Y[b[XhWY_ d Z[ bei YedjhWjei fWhW h[Wb_pWhbei [d bei j hc_dei fh[iYh_jei [d bW dehcW" fWhW gk[ [bbei ikhjWd bei [\[Yjei gk[ Z[i[Wcei e fWhW jecWh bWi c[Z_ZWi WYjkWb_pWZWi fWhW [l_jWh bei [\[Yjei gk[ de Z[i[Wcei" o gk[ feZh Wd fhe# ZkY_hi[ i[] d bW b[o$ 9ece be i[ WbW bW ZeYjh_dW" [ijW [i bW h[YjW _dj[hfh[jWY_ d Z[ bW b[o [ _dj[]hWY_ d Z[b Z[h[Y^e gk[ ^WY[d bei `k[Y[i1 f[he [ij[ Z[h[Y^e \kdZW# c[djWb [d [b ;ijWZe 9edij_jkY_edWb Z[ :[h[Y^ei o @kij_Y_W" ^Wo gk[ [dj[dZ[hbW Yece i[ WbW HeX[hje :hec_ [d ik eXhW ieXh[ [ijW cWj[# h_W" [d bW f|]_dW ''. ÆBW i[]kh_ZWZ eh_]_dWh_W" gk[ \k[ [b dk[le Z[h[# Y^e fWhW [b fheY[ie Z[ h[\ehcWi Z[b ;ijWZe" Z[X[ Y[Z[h W bW i[]kh_ZWZ `kh Z_YW ieXh[l_d_[dj[ e Z[h_lWZW gk[ f[hc_j_h| Wi[]khWh bW h[beYWb# _pWY_ d Z[b ;ijWZe" bW h[Z_ijh_XkY_ d Z[ bW [Yedec W" o bW h[Yh[WY_ d Z[b Yedjheb$$$Ç$ 7]h[]W [b c_ice Wkjeh [d bWi f|]_# dWi ''/ o '(& Æ;b dk[le Z[h[Y^e i[ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ Ĕũ ũ
ũ ũ ũ ũ ũ ũ ũ Ĕũ ũ Ĕũ ũ
ũ ( ũ ũ ēũ Ĕũ ũ ũ Ĕũ ũ ũ ē ũ .ēũĐČĈıĉćĈĈı Ėũ 4(2ũ (! 1".ũ #-".9 ũ -!' 34 ũ 8ũ .31 ē Ėũ 1#2("#-3#ũ "#+ũ (1#!3.1(.ũ "#ũ %4 2ũ"#ũ+ ũ !#04( ũ ' !¢-ũ ;2!.-#9ē ũ ũ ũ Ėũ .-!#2(¢-ũ"#ũ %4 2ũ "#ũ+ ũ !#04( ũ !4848.ũ ' !¢-ũ ;2!.-#9Ĕũ¢5 +.ũ .-". Ĕũ #-ũ + ũ / 11.04( ũ 4%423.ũ ēũ 13~-#9Ĕũ "#+ũ ! -3¢-ũ , 3.Ĕũ 1.5(-!( ũ "#ũ 4-%41 '4 Ĕũ %4 2ũ 04#ũ 2#1;-ũ 43(+(9 " 2ũ / 1 ũ 1(#%.Ĕũ !.-ũ 4-ũ
.-23(34!(.- +ũ ũ+ ũ 2#%41(" "ũ)41~"(!
eh_[djWh| W fhe\kdZ_pWh [b Yedjheb feb j_Ye" YkWb_\_YWh [b WZc_d_ijhW# j_le" W\_WdpWh [b `kZ_Y_Wb" h[YedeY[h [b ieY_Wb" W [\[Yjei Z[ l[h_\_YWh bW h[ifediWX_b_ZWZ f Xb_YW o fhej[][h W bei kikWh_ei o Yedikc_Zeh[i Z[ X_[d[i o i[hl_Y_eiÇ$ J[hc_dW i[ WbWdZe [d bW f|]_dW ('& Æ^Wo Wb]e dk[le XW`e [b ieb" o [b Z[h[Y^e de [i kd [njhW e$ KdW i[]kh_ZWZ _d`kijW [i fh[Y_iWc[dj[ be YedjhWh_e Z[b Z[h[Y^e" fk[i i[]k# h_ZWZ o `kij_Y_W ied Zei Z_c[di_ed[i hWZ_YWb[i Z[ Z[h[Y^e" Zei [ijWc[d# jei edjeb ]_Yei gk[ b[ jhWiY_[d# Z[d" fehgk[ bW `kij_Y_W i be [n_ij[ [d YkWdje [ij| cedjWZW ieXh[ kd ehZ[d i[]khe" o" bW i[]kh_ZWZ i be [i f[diWXb[ [d kd ehZ[d `kijeÇ$ :[ jWb ceZe" gk[ bW i[]kh_ZWZ `kh Z_YW WYjkWbc[dj[ Z[X[ i[h [dj[dZ_ZW Z[djhe Z[b ;ijWZe Yedij_jkY_edWb Z[ Z[h[Y^ei" Yece kdW `kij_Y_W YedY[# X_ZW Yece [n_][dY_W Z[ WZWfjWY_ d Z[b Z[h[Y^e W bW d[Y[i_ZWZ Z[ bW l_ZW ieY_Wb$ ;b jhWjWZ_ijW 7djed_e ;dh_gk[ F h[p Bk e" [d ik eXhW BW I[]kh_ZWZ @kh Z_YW" i[ WbW Æ;d ik WY[fY_ d [ijh_YjWc[dj[ [cf h_YW fk[Z[ [n_ij_h kdW i[]kh_ZWZ _cfk[ijW W jhWl i Z[ kd Z[h[Y^e gk[ ]WhWdj_Y[ YeWYj_lW [ _d[nehWXb[c[dj[ [b Ykcfb_c_[dje Z[ kdW b[]Wb_ZWZ _d_YkW$ :[ ^[Y^e bW cWd_fkbWY_ d Z[ bW i[]kh_ZWZ `kh Z_YW feh bei Z[ifej_icei Z[ jeZe i_]de h[fh[i[djW kdW YedijWdj[ ^_ij h_YW$ ;d bei ;ijWZei jejWb_jWh_ei bei Ze]cWi Z[ bW fb[d_jkZ o Wkjeik# \_Y_[dY_W Z[b ehZ[dWc_[dje `kh Z_Ye" [b fh_dY_f_e Z[ bW _dgk[XhWdjWX_b_ZWZ [ _d[nehWX_b_ZWZ Z[ bW b[]Wb_ZWZ" bW fkXb_Y_ZWZ [nW][hWZW ^WijW bW fhe# fW]WdZW Z[ bW b[o" Wi Yece [b Yedjheb Z[ bW Z_iYh[Y_edWb_ZWZ `kZ_Y_Wb" ^Wd i_Ze _dijhkc[djWb_pWZei Wb c|n_ce fWhW bW _cfei_Y_ d Z[b cedefeb_e feb j_Ye [ _Z[eb ]_Ye$ BW i[]kh_ZWZ `kh Z_YW" Wi [dj[dZ_ZW o Z[]hWZWZW" de ^W _cf[Z_Ze bW fheckb]WY_ d Z[ b[o[i Z_h_]_ZWi W YediW]hWh Z_l[hiWi \ehcWi Z[ Z_iYh_c_dWY_ d hWY_Wb o feb j_YW" o" [d ikcW" [b Yedjheb efh[# i_le Z[ bW ieY_[ZWZ$ ;ijWi cWd_\[ijW# Y_ed[i Z[ i[]kh_ZWZ Z[ bW _di[]kh_# ZWZ ied _dYecfWj_Xb[i Yed bW hWp d
! 4" +ũ"#ũćĔćČđđũ+ĵ2ē ũ ũ ũ ēıũ ũ ũ ũ ēıũ ũ ũ ēı , 3.Ĕũ ũ ćČũ "#ũ # 1#1.ũ "#+ũ ĉćĈĈēıũ 2ũ ĈĊ ććēıũ ēıũ -ũ +.ũ /1(-!(/ +ũ+ ũ2.+(!(34"ũ"#ũ .-!#2(¢-ũ"#ũ %4 2ũ"#ũ + ũ !#04( ũ !4848.ũ ' !¢-ũ ;2!.-#9Ĕũ ¢5 +.ũ .-". Ĕũ#-ũ+ ũ/ 11.04( ũ"#ũ 4%423.ũ ēũ 13~-#9Ĕũ "#+ũ! -3¢-ũ , 3.Ĕũ/1#2#-3 ".ũ/.1ũ#+ũ2# .1ũ 4(2ũ (! 1".ũ #-".9 ũ -!' 34 ũ 8ũ .31 Ĕũ #2ũ !+ 1 ũ !.,/+#3 ũ 8ũ 1#Ì-#ũ +.2ũ "#,;2ũ 1#04(2(3.2ũ "#ũ +#8ũ /.1ũ+.ũ04#ũ2#ũ !#/3 ũ ũ31;,(3#ēı -ũ!.-2#!4#-!( ũ 2#ũ"(2/.-#ĖũĈēıũ ~3#2#ũ ũ+.2ũ424 1(.2ũ!.-.!(".2ũ.ũ -.Ėũ2# .1ũ 1#2("#-3#ũ"#+ũ (1#!3.1(.ũ"#ũ %4 2ũ"#ũ + ũ !#04( ũ ' !¢-ũ ;2!.-#9ũ,#"( -3#ũ!.,(2(¢-ũ +( 1 " ũ +ũ2# .1ũ #-(#-3#ũ .+~3(!.ũ"#ũ+ ũ/ 11.04( ũ 4%423.ũ ēũ 13~-#9Ĕũ ũ 04(#-ũ 2#ũ +#ũ !.-!#"#ũ #+ũ 3_1,(-.ũ "#ũ đũ "~ 2ũ / 1 ũ !.-3#23 1ũ 2# + -".ũ ".,(!(+(.ũ +#% +Ĕũ / 1 ũ $4341 2ũ -.3($(! !(.-#2ēıũ ĉēıũ ~3#2#ũ ũ+.2ũ424 1(.2ũ!.-.!(".2ũ.ũ-.ũ/.1ũ+ ũ/1#-ı 2 Ĕũ#-ũ4-.ũ"#ũ+.2ũ"( 1(.2ũ +ũ #1 +".ũ.ũ ũ .1 ũ04#ũ 2#ũ #"(3 -ũ #-ũ #23 ũ !(4" "ũ "#ũ , 3.ũ ,#"( -3#ũ + ũ /4 +(! !(¢-ũ "#ũ 4-ũ #731 !3.ũ "#ũ #23 ũ /#3(!(¢-ũ
Z[ i[h Z[b ;ijWZe Z[ :[h[Y^e$ ;d [ijW _dj[hZ_YY_ d Z[ bW WhX_jhWh_[ZWZ" ;i c[d[ij[h i[ WbWh gk[ Yece \ehcW feb j_YW i[ _dijWkhW bW fhej[Y# Yece bei ejhei gk[ _dj[]hWd [b 7hj$ /$) [i Z[ YedeY_c_[dje f Xb_Ye i[ Y_ d Z[ Z[ bei Z[h[Y^ei o b_X[hjWZ[i Z[ bW 9edij_jkY_ d Äb[]Wb_ZWZ" `[hWh# _djheZk`[hed h[\ehcWi Wb 9 Z_]e [d bW Y if_Z[ Z[ bWi \kdY_ed[i [ijW# gk W dehcWj_lW" h[ifediWX_b_ZWZ# de Z[ FheY[Z_c_[dje F[dWb o 9 Z_]e jWb[i$ ied YecfWhj_c_[djei [ijWdYei" i_de F[dWb" feh fWhj[ Z[ bW 7iWcXb[W ;d [b ;ijWZe Z[ :[h[Y^e bW i[]k# gk[" Wb YedjhWh_e YWZW kde Z[ [bbei DWY_edWb1 o [ijW c_icW 7iWcXb[W h_ZWZ `kh Z_YW Wikc[ kdei f[h# YeXhW lWbeh [d \kdY_ d Z[ bei Z[c|i [d [b c[i Z[ cWhpe Z[ (&'&" _djheZk# \_b[i Z[\_d_Zei Yece0 fh[ikfk[ije o [d jWdje i_hlW W fhecel[h bei `e dk[lWi h[\ehcWi W bWi h[\ehcWi Z[b Z[h[Y^e" f[he de Z[ YkWbgk_[h lWbeh[i ikf[h_eh[i Z[b ehZ[dWc_[d# c[dY_edWZWi" be YkWb [l_Z[dj[c[dj[ \ehcW Z[ b[]Wb_ZWZ fei_j_lW" i_de je `kh Z_Ye gk[ fhefk]dW [d ;ijWZe feZh W ikh]_h _di[]kh_ZWZ `kh Z_YW1 Z[ Wgk[bbW gk[ Z_cWdW Z[ bei Z[h[# IeY_Wb o :[ceYh|j_Ye Z[ :[h[Y^e$ o Wb h[if[Yje Z[ bW h[jheWYj_l_ZWZ [b Y^ei \kdZWc[djWb[i" [i Z[Y_h" bei :[ be gk[ i[ _d\_[h[ kd YedY[fje Z[ jhWjWZ_ijW 7djed_e F h[p Bk e" [d gk[ \kdZWc[djWd [b [dj[he ehZ[d i[]kh_ZWZ `kh Z_YW Yece ikcW Z[ ik eXhW BW I[]kh_ZWZ @kh Z_YW" [d Yedij_jkY_edWb1 o \kdY_ d Z[b Z[h[# Y[hj[pW o b[]Wb_ZWZ" `[hWhgk W o fkX# bW f|]_dW ** i[ WbW Æ;b fh_dY_f_e Z[ Y^e gk[ ÆWi[]khW bW h[Wb_pWY_ d Z[ b_Y_ZWZ dehcWj_lW" _hh[jheWYj_l_ZWZ _hh[jheWYj_l_ZWZ Z[b Whj Ykbe /$)" [d bWi b_X[hjWZ[iÇ$ 9ed [bbe bW i[]kh_ZWZ Z[ be de \WlehWXb[" _dj[hZ_YY_ d Z[ bW YkWdje W bWi b[o[i" YedY_[hd[ iebe W bWi `kh Z_YW de i be i[ _dckd_pW \h[dj[ WhX_jhWh_[ZWZ" f[he gk[" i_ i[ W]ejWh| iWdY_edWZehWi de \WlehWXb[i o W bWi Wb h_[i]e Z[ ik cWd_fkbWY_ d" i_de [d bW l_i_ d Z[ [ijei fh_dY_f_ei de h[ijh_Yj_lWi Z[ Z[h[Y^ei _dZ_l_Zk# gk[ i[ Yedl_[hj[ [d kd lWbeh `kh Z_Ye ^kX_[hW fh[Y_iWZe Z[ i[h \ehckbWZW Wb[i" [d [b i[dj_Ze gk[ ^[cei ZWZe _d[bkZ_Xb[ fWhW [b be]he Z[ bei h[ijWd# [nfh[iWc[dj[$ BW i[]kh_ZWZ `kh Z_# W [ijW [nfh[i_ d$ <k[hW Z[ [bbe" dWZW j[i lWbeh[i Yedij_jkY_edWb[iÇ$ YW [i bW ikcW Z[ [ijei fh_dY_f_ei" _cf_Z[ Yedij_jkY_edWbc[dj[" gk[ [b ;b c_ice Wkjeh [d bW f|]_dW )/ i[ W# [gk_b_XhWZW Z[ jWb ik[hj[ gk[ f[hc_jW b[]_ibWZeh Zej[ W bW b[o Z[b |cX_je Z[ bW Æ;d ik l_hjkZ i[ [dj_[dZ[ _d^[h# fhecel[h" [d [b ehZ[d `kh Z_Ye" bW `ki# h[jheWYj_l_ZWZ gk[ Yedi_Z[h[ efeh# [dj[ Wb ;ijWZe ieY_Wb o Z[ceYh|j_Ye j_Y_W" o bW _]kWbZWZ [d b_X[hjWZÇ1 Wi be jkdeÇ$ Z[ Z[h[Y^e" gk[ bW i[]kh_ZWZ i_hlW i[ WbW bW i[dj[dY_W d c[he ,- Z[b - fWhW fhecel[h bW _]kWbZWZ h[Wb" Z[ `kb_e Z[ '/.*$ [ c f [ p W d Z e feh h[cel[h [b eXij|Ykbe gk[ Z[h_lW W [ij[ [\[Yje Z[b Z[i[# gk_b_Xh_e Z[ 5HS~EOLFD GHO (FXDGRU *RELHUQR $XWyQRPR 'HVFHQWUDOL]DGR feZ[h [d gk[ 0XQLFLSDOLGDG GH $PEDWR kdW ieY_[ZWZ $6(625,$ -85,',&$ d[eYWf_jWb_ijW i[ bb[lW W YWXe bW $9,62 '( 5(0$7( &21 &$5É&7(5 '( 6(*81'2 6(f$/$0,(172 YedjhWjWY_ d Z[ /D -XQWD GH 5HPDWHV 0XQLFLSDOHV FRQYRFD D ORV LQWHUHVDGRV HQ HO DUUHQGDPLHQWR GH GRV ORFDOHV H[WHULRUHV GHO &(1752 &20(5&,$/ 3238/$ 5 6,0Ð1 %2/Ì9$5 GH ODV VLJXLHQWHV FDUDFWHUtVWLFDV X_[d[i Z[ d[Y[i# _ZWZ _dZ_l_ZkWb$ BW b[]_ibWY_ d Z[ fhej[YY_ d W kikWh_ei o Yed# ikc_Zeh[i Yed# ij_jko[d ck[i# jhW Z[ Z_Y^e (O UHPDWH VH UHDOL]DUi PHGLDQWH FRQFXUVR GH RIHUWDV HQ VREUH FHUUDGR GH FRQIRUPLGDG DO &yGLJR 2UJiQLFR fhef i_jeÇ$ GH 2UJDQL]DFLyQ 7HUULWRULDO $XWRQRPtD \ 'HVFHQWUDOL]DFLyQ 5HJODPHQWR *HQHUDO GH %LHQHV GHO 6HFWRU 3~EOLFR \ OD 5HVROXFLyQ ,1&23 1R HPLWLGD SRU 'LUHFWRU (MHFXWLYR GHO ,QVWLWXWR 1DFLRQDO GH ;b Jh_XkdWb &RQWUDWDFLyQ 3~EOLFD TXH WH[WXDOPHQWH GLFH $UWtFXOR &DVRV (VSHFLDOHV /RV FRQWUDWRV GH 9edij_jkY_edWb DUUHQGDPLHQWR GH ORFDOHV GH XVR HVSHFLDO FRPR PHUFDGRV FDPDOHV FDVHWDV FDELQDV HQWUH RWURV VLHPSUH [ifW eb Wb TXH QR UHVSRQGDQ D XQD PRGDOLGDG DGPLQLVWUDWLYD GH DXWRUL]DFLyQ OLFHQFLD R FRQFHVLyQ GH XVR S~EOLFR VH h[if[Yje i[ WbW DUUHQGDUiQ SUHIHUHQWHPHQWH D DUUHQGDWDULRV ORFDOHV SDUD OR FXDO QR VHUi QHFHVDULR SXEOLFDU OD FRQYRFDWRULD Æ;d \kdY_ d HQ HO 3RUWDO VLQR TXH VH SRGUi FXUVDU LQYLWDFLRQHV LQGLYLGXDOHV VH HIHFWXDUi HO PDUWHV GH PDU]R GHO D SDUWLU GH ODV + KDVWD ODV + OD SUHVHQWDFLyQ GH VREUHV \ VX DSHUWXUD D ODV + HQ OD RILFLQD Z[ [bbe h[Yk# GH $VHVRUtD -XUtGLFD GHO 0XQLFLSLR GH $PEDWR [hZW gk[ bei fh_dY_f_ei Z[0 'H DFXHUGR DO FRQWHQLGR GHO RILFLR '63 GHO GH HQHUR GHO ORV RIHUWDQWHV SRGUiQ VXJHULU HQ _hh[jheWYj_l_# OD VROLFLWXG OD FRPHUFLDOL]DFLyQ GH GLIHUHQWHV JLURV GH QHJRFLRV H[FHSWXDQGR PXHEOHV R WHUFHQDV ZWZ" i[]kh_ZWZ"
8ũ#23 ũ/1.5("#-!( Ĕũ/.1ũ31#2ũ5#!#2Ĕũ,#"( -".ũ"#ũ 4- ũ ũ.31 ũ#+ũ/+ 9.ũ"#ũđũ"~ 2ũ"#ũ!.-$.1,(" "ũ!.-ũ #+ũ 13ēũđĐũ"#ũ+ ũ #8ũ"#ũ %4 2ũēıũĊēıũ 4#ũ2#ũ!(3#ũ ũ +.2ũ424 1(.2ũ!.-.!(".2ũ.ũ-.ũ/.1ũ! 13#+#2ũ04#ũ2#ũ $() 1;-ũ #-ũ 31#2ũ "#ũ +.2ũ / 1 )#2ũ ,;2ũ $1#!4#-3 ".2ũ "#ũ+ ũ/ 11.04( ũ 4%423.ũ ēũ 13~-#9Ĕũ,#"( -3#ũ !.,(2(¢-ũ+( 1 " ũ +ũ2# .1ũ #-(#-3#ũ .+~3(!.ũ"#ũ+ ũ (-"(! " ũ/ 11.04( ēıũ ũ"#2(%- !(¢-ũ"#ũ #1(3.ũ2#ũ + ũ' 1;ũ./.134- ,#-3#ēı ēıũ Ĺũ -%ēũ 4(2ũ + 9 1ũ . / -3 Ĕũ ..1"(- ".1ũ #%(.- +ũ"#, 1! !(¢-ũ ("1.%1;$(! ũ "#+ũ 23 9 ēıũ !#-31.ũ .- +ũ , 3.ēıũ (%4#ũ !#13($(! !(¢-ēı
.ũ04#ũ!.,4-(!.ũ +ũ/Ì +(!.ũ#-ũ%#-#1 +ũ/ 1 ũ+.2ũ $(-#2ũ "#ũ +#8ũ !.-2(%4(#-3#2Ĕũ /1#5(-(_-".+#2ũ "#ũ + ũ . +(% !(¢-ũ04#ũ3(#-#-ũ"#ũ2# + 1ũ".,(!(+(.ũ+#% +ũ "#-31.ũ "#+ũ /#1~,#31.ũ 41 -.ũ "#ũ #23 ũ %#-!( Ĕũ / 1 ũ$4341 2ũ-.3($(! !(.-#2ē (1, ũ(+#%( +#
(!ēũ 1+.2ũ 13~-#9 ũĸ Ĺ 8ũ4-ũ2#++. ĈĒĉĊĈĵĒďĉćĉ
/DV RIHUWDV VH GHEHUiQ SUHVHQWDU HQ SDSHO VHOODGR 0XQLFLSDO GRQGH FRQVLJQDUiQ VXV GDWRV SHUVRQDOHV GLUHFFLyQ GRPLFLOLDULD HO YDORU GHO FDQRQ DUUHQGDWLFLR D RIHUWDUVH DFRPSDxDQGR OD FRSLD GH OD FpGXOD GH LGHQWLGDG \ FHUWLILFDGR GF YRWDFLyQ OD VXPD GH 86 SRU FRQFHSWR GH SXEOLFDFLRQHV UHDOL]DGDV QR UHHPEROVDEOHV HQ GLQHUR HQ HIHFWLYR R FKHTXH FHUWLILFDGR D QRPEUH GH OD 0XQLFLSDOLGDG GH $PEDWR \ HQ FDOLGDG GH JDUDQWtD HO YDORU FRUUHVSRQGLHQWH D FXDWUR GH ORV FiQRQHV TXH RIUHFLHUH HQ HIHFWLYR R FKHTXH FHUWLILFDGR D QRPEUH GH OD 0XQLFLSDOLGDG GH $PEDWR \ HQ VREUH FHUUDGR (O ORFDO GHWDOODGR HQ HO SUHVHQWH DYLVR GH UHPDWH SDUD DUUHQGDPLHQWR SRGUi VHU REVHUYDGR SRU ORV LQWHUHVD GRV FXDOTXLHU GtD SUHYLD OD DXWRUL]DFLyQ GH OD $GPLQLVWUDFLyQ 6H FDQFHODUi DGHPiV HO GHO ,9$ GH /H\ ORV WtWXORV D SDJDUVH ORV SULPHURV FLQFR GtDV GH FDGD PHV HQ ODV YHQWDQLOODV GH OD 7HVRUHUtD 0XQLFLSDO \ D OD IDOWD GH SDJR DFDUUHDUiQ LQWHUHVHV \ UHFDUJRV $54 )(51$1'2 &$//(-$6 %$521$ $/&$/'( '( $0%$72
/,,-*
ŏĉŏ ŏ ŏ ŏĂĀāĀ
ŏ +. ŏ
āĈ
(/ PR ´$µ '(/ &(1752 ('8&$7,92 ',2&(6$12 6$1 3,2 ; 6$/8'$ $ /$ 08-(5 (1 68 ',$ < $*5$'(&( $ /$6 6,*8,(17(6 ),50$6 &20(5&,$/(6 'UD /$85$ 3$=0,f2 /$5$ $%2*$'$ $Y &HYDOORV HQWUH &DVWLOOR \ 0RQWDOYR (GLI 9HJD 6iQFKH] 2I 7HOHI &HO
'U -8/,2 &$67,//2 *8(55(52 *,1(&2/2*2
'LU $Y &HYDOORV \ &DVWLOOR 7HO ² &HO
&223(5$7,9$ $0%$7(f,7$ 7UDQVSRUWH ,QWHUSURYLQFLDO DxRV VLUYLHQGR D OD FLXGDGDQtD FRQ UXWDV 3D]D 4XLWR 0RUDVSXQJR 'LU %DUFHORQD \ 6HUJLR 1XxH] 7HO
$0%$%/(; < &203$1Ì$ 5ROORV \ OiPLQDV ÁH[LEOHV 'LU 6DPDQJD NP 3DQDPHULFDQD 1RUWH $PEDWR &HO &(1752 0(',&2 ´ /$ 0(5&('µ 'U -RVp 5 3D]PLxR 3 0pGLFR &LUXMDQR $WHQFLyQ ODV +UV 7HO ² 'LU 'DUTXHD \ GH -XQLR
)(51$1'2 7(/(1&+$1$ 3$8&$5 $%2*$'2 'LU 6XFUH HQWUH 4XLWR \ &DVWLOOR HU 3LVR 2I &HO
)$67 &+,&.(1 ² 32//2 %5267(5,=$'2 6XF $Y &HYDOORV \ GH -XQLR HVT 6XF 6XFUH \ (VSHMR 6XF 5HGRQGHO +XDFKL &KLFR 6HUYLFLR D 'RPLFLOLR 7HOHI
/H RIUHFHPRV YLJLODQFLD DUPDGD \ XQLIRUPDGD VHJXULGDG FRPHUFLDO 'RPLFLOLDU EDQFDULD LQGXVWULDO HPSUHVDULDO DGHPiV XQ YDORU $JUHJDGR JUDWLV DO 7HO
6U /8,6 &+,&2 'LVWULEXLGRU GH JRUUDV \ JDIDV 'LU 6XFUH \ 0RQWDOYR (VT (GLI &KLFR 7HO
´&$5'(1$/ Ů6 %287,48(µ $Y &HYDOORV \ &DVWLOOR (VT 7HO ² &HO $PEDWR (FXDGRU
3,/21(5$&80&+,%$0%$
6(59, $1'$0,26 < (1&2)5$'26
$OIUHGR 7HOHQFKDQD ² 3URSLHWDULR 7HO &RQVWUXFFLyQ GH ,QYHUQDGHURV 0HWiOLFRV 'LU 3DQDPHULFDQD 1RUWH .P YtD D 4XLWR 7HO
3URSLHWDULD *UDVH 'RPtQJXH] 7HO 9HQWD SRU PD\RU \ PHQRU GH FHEROOD SHUXDQD DMR RUpJDQR \ Wp 0HUFDGR 0D\RULVWD 7HO
32//26 3(/$'26 -,00< Ů6 2IUHFH SROORV GH FDOLGDG 'LU 0HUFDGR 0RGHOR SXHVWR
5(67$85$17 -,00< Ů6 3ROORV GRUDGRV PDULVFRV ² DOPXHU]RV $Y %ROLYDULDQD \ SDQ GH $]~FDU
67$7,& 02'$
*$/$5=$ //$17$6 /ODQWDV QDFLRQDOHV H LPSRUWDGDV 5HHQFDXFKH EDWHUtDV \ DFFHVRULRV 'LU &GOD -XDQ 0RQWDOYR 7XOFiQ \ $]XD\ 7HO ² ²
0(*$ $&&(625,26 ,03257$&,21(6 $FFHVRULRV DXWRSDUWHV \ UHSXHVWRV SDUD YHKtFXORV 'LU $Y (O 5H\ \ 7HOLJRWH 7HO ²
5Y &2081,&$&,Ð1 */2%$/
683(5 3$ &2
'$9,' $ +,'$/*2 *
/R PHMRU HQ SDSHOHUtD \ WHFQRORJtD 'LU 0RQWDOYR \ - % 9HOD (VTXLQD /RFDO 0DOO GH ORV $QGHV 7HO
237,9,6,21 237,&$
$9,&2/$ /$ &$52/,1$ 7(/
9HQWD GH FRPSXWDGRUDV LQVWDODFLyQ GH UHGHV GHVDUUROOR GH 6RIWZDUH &RQVXOWRUtD LQIRUPiWLFD 7HO ² &HO
& $ 1 ' , ( Ů 6
/DYDGR GHVPDQFKDGR \ GHVLQIHFWDGR GH VXV PXHEOHV \ DOIRPEUDV &RQ SURGXFWRV TXtPLFRV SURIHVLRQDOHV 6HUYLFLR D GRPLFLOLD 7HO &HO
'U 0$5&2 72$3$17$ 62/,6
3 / $ 6 7 , 3 $ =
&$/=$'2 *$02 Ů6
7 ( & 1 , + 2 5 0 $ 6 +250$6 3/$67,&$6 ,1'8675,$/(6 'LU $Y &LUFXQYDODFL^RQ V Q 6HFWRU /D 9LFWRULD 7HOHID[
6+2(6 0$7,$6 ,1)$17,/ 'LU &XQFKLEDPED %DUULR (O 9HUJHO 7HO $PEDWR ² (FXDGRU
&5($&,21(6 ' Ů686<
%$=$5 7+$/,=$
/RFDO 0XOWLFHQWUR 0HUD 2I \ 0HUD \ %ROtYDU /RFDO )UHQWH D 8QLYHUVLGDG 7pFQLFD GH $PEDWR 7HO &HO
&RQIHFFLRQHV GH DMXDUHV SDUD EDXWL]RV SULPHUD FRPXQLyQ 4XLQFHDxHUDV \ QRYLDV $O SRU PD\RU \ PHQRU &HO 'LU 6DQWD &ODUD VHFWRU 3LVDFKD ² ,]DPED 7HO
&LUXMDQR *HQHUDO \ /DSDURVFRSLD 7HO &DVD &HO (PHUJHQFLD ODV KRUDV ' , 3 / $ 6 7 , & 9HQWDV DO SRU PD\RU \ PHQRU GH PDWHULDOHV SOiVWLFRV 'LU 7RPiV 6HYLOOD \ 3ULPHUD ,PSUHQWD 7HO
$MXDUHV GH %DXWL]R 3ULPHUD &RPXQLyQ 4XLQFH DxRV 0DWULPRQLRV 7RGD YDULHGDG GH GLVIUDFHV =DSDWLOODV GH %DOOHW 'LU (VSHMR \ HUD ,PSUHQWD
(V WX RSRUWXQLGDG GH YLVLWDU \ FRPSUR EDU QXHVWURV JUDQGHV GHVFXHQWRV HQ PHGLFLQD GH PDUFD \ JHQpULFR 'LUHFFLyQ *DUFtD 0RUHQR \ 7RPDV 6HYLOOD (VTXLQD
'UD 6,/9$1$ 5(<(6 + 2'2172/2*$ 'LU )UDQFLVFR )ORU \ -XDQ % 9HOD 3LVR DOWR RÀFLQD 7HO
*$%5,(/ )iEULFD GH &DO]DGR 'LU &RQWURO 1RUWH VHFWRU (O 3LVTXH 3WR $UWXUR IUHQWH D OD HVFXHOD
7HO &HO ² ,17(51(7 OD PHMRU SXEOLFLGDG DO DOFDQFH GH VXV PDQRV %ROtYDU *XWLpUUH] &HO 'LVWULEXLGRU ,QGHSHQGLHQWH GH OD (PSUHVD $PDULOODV,QWHUQHW ( PDLO ERURVKLORYJXWLHUUH]#KRWPDLO FRP
0 $ ' ( 5 $ 5 7 ( -RUJH )ORUHV 6LOYD ² *HUHQWH 'LU &DVHUtR $OREDPED 3DUDtVR &DPLQR 5HDO V Q 7HO
7 2 7 $ / * < 0
3 6(50$17(; &,$ /7'$
,03257$'25$ $8720275,= 'DQLOR 1~xH] ² *(5(17( 'LU $Y ,QGRDPpULFD \ 3DVDMH /DV 0LQDV &HO ² 7HO
9HQWD GH IXQGDV \ DUWtFXORV SOiVWLFRV SDUD VX KRJDU 'LU 3DQDP 1RUWH GLDJRQDO DO UHGRQGHO GH ODV )RFDV 7HO
)ORUHV /ySH] +QRV 'LU $Y GH -XOLR \ *DUFtD 0RUHQR (VT 7HO &HO ²
*HUPiQ 3HxDOR]D ² *HUHQWH -RVp 3HxDOR]D ² ,QVWUXFWRU 3HUVRQDO $Y 3HGUR 9iVFRQH] D SRFRV SDVRV GHO UHGRQGHO ,QJUHVR D ,]DPED
7HO ²
5(9(/$ ² ,1'80(17$5,$ (035(6$5,$/ &KRPSDV FDPLVHWDV JRUUDV 6HULJUDItD ² 5RSD GH 7UDEDMR 7HO &HO
*/2%$/ ² &2038 7HFQRORJtD GH FRQÀDQ]D
3URSLHWDULR (QULTXH 'RPtQJXH] 7HO (QGHUH]DGD \ SLQWXUD GH FKDVLV \ &RPSDFWRV 'LU 3DFKDFXWHF \ 1DU\ SLOODKXD]R 7HO
3XEOLFLGDG &RPXQLFDFLyQ 5HODFLRQHV 3~EOLFDV &GOD $OWDPLUDQR $OHPDQLD \ (VSDxD 7HO &HO ²
(OIHU /ySH] \ 0yQLFD 0DGULG 2372 0(75,67$6 'LU 3ULQFLSDO HUD ,PSUHQWD \ (VSHMR (VT 'LU 6XFXUVDO HUD ,PSUHQWD \ 7RPiV 6HYLOOD (VT 7HO
)DEULFDFLyQ GH FDO]DGR \ %RWDV GH FXHUR 'LU &GOD /D )ORUHVWD 3DVDMH 5HLQDOGR 0LxR \ $Y $WDKXDOSD ( PDLO FDO]DGR JDPRV#DQGLQDQHW QHW 7HO
.DULQD 9LOODFUpV ² 3URSLHWDULD 7HO 9HQWD GH DQGDPLRV \ DOTXLOHU GH HQFRIUDGRV SDUD ORVDV 'LU $Y &LUFXQYDODFLyQ %DUULR OD 9LFWRULD 7HO
7 ( ; 7 , / ( 6 'LU 3LFKLQFKD DOWD \ 'XFKLFHOD
)$50$&,$ 35,0(52 '( 0$<2
0(&$1,&$ '20,1*8(=
7 2 7 $ / * < 0 *HUPiQ 3HxDOR]D ² *HUHQWH -RVp 3HxDOR]D ² ,QVWUXFWRU 3HUVRQDO $Y 3HGUR 9iVFRQH] D SRFRV SDVRV GHO UHGRQGHO ,QJUHVR D ,]DPED
7HO ²
,03257$'25$ '20,1*8(=
(63(&,$/,67$6 3527(&&,21 6(*85,'$' ( ,19(67,*$&,21
&DIHWHUtD 'LU $Y /RV *XD\WDPERV \ $FHLWXQDV (VT 7HO
/,%5(5Ì$ ´0, 6$%,'85,$µ ÔWLOHV HVFRODUHV SRU PD\RU \ PHQRU 'LU 9DUJDV 7RUUHV \ 3ULPHUD ,PSUHQWD 7HO
&$6$ '(/ 5$',$'25 < $&&(625,2 '( 9(+,&8/26 'LU GH 1RYLHPEUH \ 8QLGDG 1DFLRQDO 7HO
$ 5 * ( 1 7 , 1 $ &ROHJLR D 'LVWDQFLD 8QD JUDQ DOWHUQDWLYD SDUD HVWXGLDU \ SURJUHVDU $PEDWR &XHQFD ²/DWDFXQJD 3X\R 7HQD 0DQWD 7HO ²
&(1752 ,1)$17,/ ´7,(55$ '( )/25(6µ ,QLFLDO DxRV PDWHUQDO DxRV 3. DxRV ´(GXFDPRV FRQ $PRUµ 3LFKLQFKD $OWD \ =RSRVRSDQJXL 7HO
$9,&2/$ /$ &$52/,1$ 7(/
/FGR (/)(1 /23(= & /FGD 021,&$ 0$'5,' 5 23720(75$6 ² *UDGXDGRV HQ OD 38&( ²6 $ 'LU 237,9,6,21 237,&$ , \ ,, 5(&7,),&$'25$ ² 18f(= ( +,-26 9tFWRU 5RODQGR 1~xH] ( *HUHQWH GH 6HUYLFLRV 'LU $Y ,QGRDPpULFD \ 3DVDMH ODV 0LQDV
7HO ² 7HOHID[
' ( 1 7 $ / 3 $ = 'U -XOLR 3D]PLxR 'UD $XUHD 3D]PLxR 'U 5REHUWR 3D]PLxR 'U 2VFDU 3D]PLxR 'LU &HYDOORV \ GH -XQLR 7HO ² &HO
'U 3$75,&,2 -,1(= 2%$1'2 $%2*$'2
'LU *XD\DTXLO \ 6XFUH (VT GR 3LVR 2I 7HO &HO ',675,%8,'25$ '( 352'8&726 '( &216802 0$6,92 ´ 5 ( 3 5 ( 0 $ 5 9 $µ
*XLGR 5DPLUH] \ 0DUWKD (VFREDU 'LU 9tD D 7DQJDLFKH \ $Y (O &yQGRU 7HOI /,.&+
āĉ
ĉŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
+1#"#".1ũ"#ũČũ ,(+ũăũ1, 2ũ#2/#ı 1 -ũ1#4-(1ũ' 23 ũ #+ũ,(_1!.+#2ũĒũ"#ũ , 19.Ĕũ/ 1 ũ+4#%.ũ (-(!( 1ũ#+ũ/1.!#2.ũ "#ũ1#5.! 3.1( ē
ŋ, )& . (ŋðŋ,' -ŋ* , ŋ& ŋ , 0) .),# ŋ &ŋ & & ŋ ŋ )-ŋ
=k_bb[hce LWh[bW" fh[i_# Z[dj[ Z[ bW L[[Zkh W Z[ 8W ei" fh[i[dj W [ij[ c[Z_e Z[ Yeck# d_YWY_ d lWh_ei ZeYkc[djei ZedZ[ i[ Z[ck[ijhW gk[ Zk# hWdj[ ik ][ij_ d [n_ij_ 0 ieXh[ fh[Y_e" [nY[ie Z[ YedjhWjWY_ d Z[ f[hiedWb" cWb kie Z[ bW cW# gk_dWh_W Z[ bW ckd_Y_fWb_ZWZ" Wkjeh_jWh_ice" Ò hcW Z[ YedjhW# 4/4#23.ũ /.8. C|i Z[b (& feh Y_[dje Z[ bei Y_k# jei i_d bei i_]d_Ò YWj_lei" _dYkc# ¡ ēũ 4(++#1,.ũ 1#+ Ĕũ/1#2("#-3#ũ"#ũ ##"41~ ũ"#ũ .2Ĕũ2#ũ 43.ũ ZWZWdei" ^WXh Wd Ò hcWZe feh bW fb_c_[dje Z[b fbWd Z[ YWcfW W" "#-.,(-¢ũ"#ũ+ ũ./.2(!(¢-ē iWb_ZW Z[ ik WbYWbZ[" gk_[d [i Z[# Wf[hjkhW Z[ dk[lWi l Wi Wdj_ Wjh|i i_d bb[]Wh W dWZW YedYh[je" dkdY_WZe feh ikfk[ijW Yehhkf# j Yd_YWi" [djh[ ejhei$ +ũ. )#3(5. Y_ d o cWb cWd[`e Z[ ik ][ij_ d$ ;i Wi gk[ [ijW eh]Wd_pWY_ d i_d [cXWh]e" [ijW l[p LWh[bW" Yecfk[ijW feh ') c_[cXhei" [c# WÒ hcW i[h Z_\[h[dj[" Z[X_Ze W fh[dZ_[hed bW YWcfW W Z[ efe# gk[ j_[d[ [b Wfeoe Z[ c_b[i Z[ i_Y_ d" Yed [b Ò d Z[ h[kd_h c|i f[hiedWi 7dj[ [ije" >k]e F_d[ZW" Wb# Z[ * c_b Ò hcWi Z[ Y_kZWZWdei XWd[ ei gk[ [ij|d [cfWZhedW# YWbZ[ Z[ 8W ei" ieijkle gk[ de Zei" gk[ h[fh[i[djWh W Wbh[Z[Zeh b[ fh[eYkfW Y_[hjWi YWcfW Wi" Z[ Z[b (. feh Y_[dje Z[ bW feXbWY_ d f[hiedWi gk[ iebe _dj[djWd Xki# Z[ [ij[ YWdj d" fWhW bk[]e fh[# YWh be cWbe o de bWi eXhWi fei_j_# i[djWh Wb 9edi[`e DWY_edWb ;b[Y# lWi gk[ i[ ^W Yedi[]k_Ze fWhW [b jehWb" o feij[h_eh i[ Wfhk[X[ bW YWdj d o gk[ jeZe i[ ^W be]hWZe h[leYWjeh_W Z[b WbYWbZ[ [b[]_Ze [d XWi[ Z[ [i\k[hpe o jhWXW`e Wh# ]kc[djWZe Z[ bW h[if[Yj_lW Ze# feh [b c_ice fk[Xbe$ BW YWcfW W Z[ efei_Y_ d i[ Ykc[djWY_ d o gk[ [ijW WbYWbZ W [\[Yj W Z[iZ[ ^WY[ Wb] d j_[cfe j_[d[ bWi cWdei b_cf_Wi$ ē 7bh[Z[Zeh Z[ ) c_b Ò h#
cWi ^W h[Yeb[YjWZe bW I[Yh[jWh W Z[ bei Fk[Xbei o FWhj_Y_fWY_ d 9_kZWZWdW Z[ [ij[ YWdj d" fWhW bW h[leYWjeh_W Z[ >k]e F_d[ZW" WbYWbZ[ 8W ei" gk_ d ikfk[ijW# c[dj[ ^WXh W [\[YjkWZe Y_[hjWi _hh[]kbWh_ZWZ[i [d ik ][ij_ d$
>L<N>E: => ?HKF:<BHG => LHE=:=HL
O>G<>=HK>L =>E <>G>I:
6
5
8 8 8
6
ŇĒďĐćď
7
%#%-#(9+ $% #!/-%1!0 '!01! $% *!/3, 4#(+! $% !)%+1, 2*!+, 0&,/0% 3!*"! 0%#1,/ %) (0.2% *
(/ PR ´$µ '(/ &(1752 ('8&$7,92 ',2&(6$12 6$1 3,2 ; 6$/8'$ $ /$ 08-(5 (1 68 ',$ < $*5$'(&( $ /$6 6,*8,(17(6 ),50$6 &20(5&,$/(6 %25'$'26 ´52%75,µ 5HDOL]DPRV VHOORV EDQGDV SDUD $EDQGHUDGRV 5HLQDV \ YDULRV GLVHxRV 'LU (VSHMR \ %ROtYDU 7HO ² &HO
%25'$'26 ´52%75,µ 7RGR WLSR GH ERUGDGRV \ YHQWD GH PDTXLQDULD 'LU 5RFDIXHUWH \ (VSHMR &HO
6 $ ) ( ' 5 , 9 ( (VFXHOD GH &RQGXFWRUHV QR 3URIHVLRQDOHV 'LU $Y $WDKXDOSD \ (QULTXH 3DUHGHV 7HO
',675,%8,'25$ ´0$57+$ &(&,/,$µ 1DYH - %RGHJD 0HUFDGR 0D\RULVWD 2IUHFH $UUR] $]~FDU $UURFLOOR $YHQDV HWF 7HO
',675,%8,'25$ ´0$-,72µ 9HQWD GH $UUR] $]~FDU $YHQD /HQWHMD &DQJXLO $FHLWHV $WXQHV 6DUGLQDV \ PiV &HO 'LU &GOD 6LPyQ %ROtYDU -RVp *DUFtD \ 1XPDQFLD
&/,1,&$ ´6$1 %$572/20(µ 'U )UDQFLVFR /ySH] \ 'UD -HQQ\ 3DOPD GH /ySH] 0pGLFRV &LUXMDQRV 7HO ² 3LQOOR
&223(5$7,9$ '( $+2552 < &5(',72 '(6$552//2 '( /26 38(%/26 ´&22'(6$552//2µ 6$/8'$ $ /$ 08-(5 (1 68 ',$ 'LU $JHQFLD $PEDWR GH 1RY < 8QLG 1DFLRQDO 7HO
&2168/725,2 0(',&2 2'2172/2*,&2 'U 0LJXHO 3URDxR 0HUD \ 'UD 0\ULDP 6DQWDPDUtD 'LU %ROtYDU \ $\OOyQ 7HO ²
/8%5,&$'25$ ´68&$5µ (GLVRQ (QGDUD H +LMRV 3URSLHWDULRV 2IUHFH OXEULFDQWHV À OWUR PDQJXHUDV 'LU $Y $WDKXDOSD \ 1DUL 3LOODKXD]R &HO /,.&+
ĉŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ
āĊ
' .)ŋ0# , ŋ )(ŋ &ŋ -ðŋ& ŋ +1#"#".1ũ"#ũĉćũ#23 +#!(,(#-3.2ũ#"4! 3(5.2ũ/ 13(!(/ 1.-ũ"#-31.ũ"#+ũ #2ăũ+#Ĕũ (+ -".ũ4- ũ2#1(#ũ "#ũ1(3,.2ũ , 3# .2Ĕũ04#ũ +#%1 1.-ũ#+ũ!.1 9¢-ũ"#ũ04(#-#2ũ2#ũ /.23 1.-ũ#-ũ+ 2ũ !#1 2ũ"#ũ+ ũ 5#-(" ũ ,#-!(.- ".ũ8ũ"#ũ+ ũ! ++#ũ .+~5 1ēũ +ũ#2$4#19.ũ2#ũ'(9.ũ3., -".ũ#-ũ!4#-3 ũ04#ũ#+ũ 4-(!(/(.ũ"#ũ , 3.Ĕũ /1#,( 1;ũ+ ũ,#).1ũ!.,/ 12 Ĕũ04#ũ2#1;ũ#+#%(" ũ"#ũ#-31#ũ+ 2ũ2(#3#ũ2# + " 2ēũ +ũ/1#,(.ũ#2ũ"#ũďũ,(+ũ"¢ı + 1#2ũ04#ũ2#1;-ũ#-31#% ".2ũ#-31#ũ+.2ũ31#2ũ/1(,#1.2ũ+4% 1#2ē
Čć! (-!+ēũ ũũđũũ ũ ũ ũĉćĈĈ
4-%41 '4
Čćũ :
( .ũ,41(¢ũ#-ũ ~++ 1.
- ũ$4#13#ũ! ~" Ĕũ' 1~ ũ/1.5.! ".ũ04#ũ
5(#1ũ Ĕũ"#ũ2(#3#ũ .2Ĕũ,41(#1 ũ 8#1ũ ũ+ 2ũ ĈđĖććĔũ#-ũ#+ũ .2/(3 +ũ .!#-3#ũ , 3.Ĕũ 242ũ$ ,(+( 1#2ũ#23;-ũ24,(".2ũ#-ũ#+ũ".+.1ũ /.1ũ3 -ũ(11#/ 1 +#ũ/_1"(" ē : ũ ĈĊ
4, ũ / 1 ũ#+ũ 4#-ũ5(5(1
(-++.ũ5(5(¢ũ+ ũ, ı 1 3¢-ũ"#ũ14, ũ 3#1 /( Ĕũ".-"#ũ +.2ũ/ 13(!(/ -3#2ũ !.,/1. 1.-ũ24ũ 1#2(23#-!( Ĕũ#23(+.ũ8ũ !.-"(!(¢-ũ#-ũ!4 31.ũ '.1 2ũ"#ũ#)#1!(!(.2ē : ũ Ĉĉ
#-3 " ũ/.1ũ .++86.."
ũ (22ũ -(5#12.ũ,#7(ı ! - ũ (,#- ũ 5 11#3#ũ ' ũ1#!( (".ũ.$#13 2ũ/ 1 ũ !34 1ũ#-ũĥ+ ũ,#! ũ"#+ũ !(-#Ħũ"#ũ+ ũ -"( ēũ : ũ Ĉć
ũ ũ ũ ũ ;2ũ"#ũďćũ,(#, 1.2ũ"#+ũ 11(.ũ -ũ 1 -!(2!.ũ"#ũ+ ũ !.,4-(" "ũ 4% -2 ũıũ 4(2 /(-!' Ĕũ2#ũ1#4-(#1.-ũ#-ũ + ũ! 2 ũ!.,4- +ũ"#+ũ+4% 1Ĕũ/ 1 ũ#2!4!' 1ũ+.2ũ 1%4ı ,#-3.2ũ8ũ)49% 1ũ ũ _2 1ũ 1~.ũ 8 !'(/.Ĕũ04(#-ũ#23;ũ !42 ".ũ"#ũ/1#24-3 ,#-3#ũ' #1ũ 42 ".ũ2#74 +ı ,#-3#ũ"#ũ24ũ!4 " ũ 1~ ũ Ĕũ"#ũĈČũ .2ē : ũ ĈĊ
#ũ1. 1.-ũ4-ũ"(231( 4(".1 .2ũ"#+(-!4#-3#2ũ#2! / 1.-ũ#-ũ#+ũ5#'~!4+.ũ 94+ũ!.-ũ/+ ! ũ ıĎććďĔũ+4#%.ũ"#ũ++#5 12#ũ#+ũ"(231( 4(".1ũ"#ũ+ ũ! ,(.-#ı 3 ũ!.-ũ/+ ! ũ ıĉĎČĔũ 8#1ũ ũ+ 2ũĈđĖććũ ũ/.!.2ũ,#31.2ũ"#ũ+ ũ /4#13 ũ"#ũ(-%1#2.ũ +ũ .2/(3 +ũ .!#-3#ũ , 3.ē : ũ ĈĊ