Ďć! (-!+ēŊ Äž ĹŠ } Ä?
.2ĹŠ ~.2
ŊĉÄ?ĹŠ ĹŠ ĹŠ ĹŠÄ‰Ä‡ÄˆÄˆ
(5#1ĹŠ + 3#ĹŠ ++.1 ĹŠ#+ĹŠ"#2!#-2. ;%(- ĹŠ ĈĊ
ĹŠ
ĹŠ"(!#ĹŠ24ĹŠ5#1" "ĹŠĹŠ 2. 1#ĹŠ-4#5 2ĹŠ3 1($ 2 ;%(- ĹŠ ÄŽ
., #1.2ĹŠ'(!(#1.-ĹŠ !4 13#+ĹŠ4- ĹŠ ( +(.3#! ĹŠ
(!#-ĹŠ04#ĹŠ-.ĹŠ+#2ĹŠ04#"¢Ŋ"#ĹŠ.31 ēŊ 4(#Äą 1#-ĹŠ2 +5 1ĹŠ5(" 2ĹŠ/#1.ĹŠ+#2ĹŠ' !#ĹŠ$ +3 ĹŠ /.8.ēŊ 8ĹŠÄˆÄŒĹŠ,(#, 1.2ĹŠ !3(5.2Ä“
[bbei W‘d de [ij|d b[]Wb_pWZei fk[ZWd YeehZ_dWh iki bWXeh[i [d bW Y_kZWZ Z[ Gk_je$ Z_Wh_Wi" i_d l[^‡Ykbei ceje# 9WhhWdpW [nfb_YÂŒ gk[ [b 9k[h# XecXWi o Yed feYWi ^[hhWc_[d# fe Z[ 8ecX[hei gk[ fh[i_Z[ iÂŒbe YedijW [d [b YWdjÂŒd jWi YedjhW_dY[dZ_ei" Wi‡ XkiYWd bW \ehcW ĹŠ LWb[dY_W" f[he de [d Gk_je Z[ fh[ijWh iki i[hl_# ĂˆYece Z[X[h‡W i[hÉ$ H[iWbjÂŒ gk[ oW i[ [ij|d Y_ei bei '* c_[cXhei (".ĹŠ ĹŠ WYj_lei Z[b 9k[hfe # [\[YjkWdZe bei jh|c_j[i 04#ĹŠ-.ĹŠ' 8ĹŠ Z[ 8ecX[hei Z[b h[Y_d# ,(#, 1.2ĹŠ1#-3 Äą fWhW b[]Wb_pWh W bW 9ecfW# ".2ĔŊ+.2ĹŠ ., #Äą je ;b L[h][b Z[b YWdjÂŒd 1.2ĹŠ"#ĹŠ +ĹŠ #1%#+ĔŊ ‹‡W Wdj[ bW I[Yh[jWh‡W Z[ 2¢+.ĹŠ1# +(9 -ĹŠ LWb[dY_W$ =[ij_ÂŒd Z[ H_[i]e o gk[ + ĹŠ%4 1"( ĹŠ-.!Äą ;ijW [dj_ZWZ gk[ 341- Ä“ [if[hWd kdW h[ifk[ijW gk[ Z[X[h‡W j[d[h ik c|i gk[ kh][dj[$ fhef_W _d\hW[ijhkYjkhW" \kdY_edW WYjkWbc[dj[ -.1 , [d bW 8_Xb_ej[YW Z[b h[Y_dje$ :[X_Ze W gk[ de [ij|d b[]Wb_pW# ;b fheXb[cW" i[]‘d 9Wb_n# Zei" bei Z[ bW Ăˆ9WiWYW he`WÉ YW# je 9WhhWdpW" c_[cXhe WYj_le h[Y[d Z[ kdW _d\hW[ijhkYjkhW Z[ bW _dij_jkY_ÂŒd" i[ Z[X[ W gk[ Wfhef_WZW o Z[ kd l[^‡Ykbei Z[
ĹŠ ĹŠ
ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ Äą
;%(- ĹŠ Ä‘
ēŊ .+(!(3 -Ŋ +Ŋ 1#$#!3.Ŋ+ Ŋ !.-2314!!(¢-Ŋ"#Ŋ4-Ŋ/4#-3#ē
ŊěŊ I_d kd YkWhj[b ZedZ[
¥ ēŊ -Ŋ#23#Ŋ+4% 1ĔŊ".-"#Ŋ$4-!(.- Ŋ+ Ŋ ( +(.3#! ĔŊ3 , (_-Ŋ%4 1" -Ŋ +.2Ŋ(,/+#,#-3.Ŋ#+Ŋ 4#1/.Ŋ"#Ŋ ., #1.2Ŋ"#Ŋ +Ŋ #1%#+ē
h[iYWj[ [d YWie Z[ WYY_Z[dj[i e Wb]‘d i_d_[ijhe$ 7Z[c|i" de Yk[djWd Yed bWi ^[hhWc_[djWi d[Y[iWh_Wi [d YWie Z[ Ă“W][be" bW _dij_jkY_ÂŒd iÂŒbe Yk[djW Yed YkW# jhe [nj_d]k_Zeh[i" Zei jhW`[i [i# f[Y_Wb[i" kdW hWZ_e Z[ Yeckd_YW# Y_ÂŒd o kd jWdgk[ en‡][de$
I[]‘d 9WhhWdpW" bW ZejWY_Œd Z[ l[^‡Ykbei [i _cfehjWdj[" fk[i W]h[]Œ gk[ oW i[ ^Wd fh[i[djW# Ze i_d_[ijhei1 i_d [cXWh]e feh bW \WbjW Z[ cel_b_pWY_Œd i[ ^Wd l_ije eXb_]WZei W [if[hWh W bei XecX[# hei Z[ Gk[l[Ze$ CkY^Wi l[Y[i bb[]Wd Z[cWi_WZe jWhZ[$
) ,( ),ŋ & (4 ŋ / ,. -ŋ 0 ,. ( # Ŋ ěŊ ÆKde Z[ bei fkdjei
.1ĹŠ+ ĹŠ +4"ĹŠ8ĹŠ+ ĹŠ ("
Ä? ,š2#' Äš ' (. Ĺ‹" #&#Äš . , ')-Ĺ‹/( Ĺ‹ &v( Ĺ‹. & šĚ (# Ĺ‹* , Ĺ‹+/ Ĺ‹ & Ĺ‹! (. Ĺ‹ Äš (/( # đĄ
ŊěŊŊ - Ŋ,  - Ŋ %1 " +#Ŋ !.,/  ¢Ŋ 8#1Ŋ+ Ŋ2#73 Ŋ#"(!(¢-Ŋ"#Ŋ+ Ŋ31 "(!(.- +Ŋ ,(- 3 Ŋ/.1Ŋ+ Ŋ +4"Ŋ8Ŋ+ Ŋ (" Ŋ.1% -(9 " Ŋ/.1Ŋ+ Ŋ ēŊ ( .2ĔŊ)¢5#-#2Ŋ4-(5#12(3 1(.2Ŋ8Ŋ "4+3.2Ŋ/ 13(!(/ 1.-Ŋ"#+Ŋ#5#-3.Ŋ 04#Ŋ!4+,(-¢Ŋ!.-Ŋ4- Ŋ2#2(¢-Ŋ"#Ŋ (+.3#1 /( Ŋ8Ŋ #1¢ (!.2ēŊ ( 1(.Ŋ Ŋ .1 Ŋ 42/(!(¢ēŊ
gk[ Yedjh_Xko[d Wb Wkc[dje Z[ bW Z[b_dYk[dY_W [i bW YehhkfY_ÂŒd gk[ [n_ij[ feh fWhj[ Z[ bei `k[Y[i Z[`WdZe [d b_X[hjWZ \|Y_bc[dj[ W Z[b_dYk[dj[iÇ" Wi‡ i[ [nfh[iÂŒ [b =eX[hdWZeh Z[ Bei H‡ei" @[i‘i DWhl|[p [d [djh[l_ijW Yed BW >ehW$ BW Wkjeh_ZWZ W]h[]ÂŒ gk[ i[ [ij| ^WY_[dZe bb[]Wh Wb C_d_i# j[h_e Z[b ?dj[h_eh kd b_ijWZe X|i_# Ye Yed bei decXh[i Z[ bei `k[Y[i o Ă’iYWb[i gk[ fh[ikdjWc[dj[ [i# jWh‡Wd l_dYkbWZei [d WYjei Z[ Ye# hhkfY_ÂŒd e Wgk[bbei gk[ h[f_j[d bW b_X[hjWZ Z[ gk_[d[i ^Wd i_Ze Z[j[d_Zei lWh_Wi l[Y[i$ ;%(- ĹŠ ÄŠ
)3ŋ .), ŋ )'/( -ŋ- ŋ ')0# ( ŊěŊ >eo W bWi ',0&&
Yeckd[hei Z[ '* Yeckd_ZW Z[i Z[b YWdjŒd CedjWble bb[ ]Wh|d W 8WXW^eoe fWhW [n_]_h Wb fh[\[Yje Z[ Bei H‡ei" CWhYe JheoW" bW YedijhkYY_Œd Z[ kd fk[dj[ Z[ ,& c[jhei Z[ bWh ]e ieXh[ [b h‡e 9h_ijWb gk[ b[i f[hc_jW iWYWh bW fheZkYY_Œd W]h‡YebW [d c[deh j_[cfe$ Bei Z_h_][dj[i Z[ YWZW kdW Z[ bWi Yeckd_ZWZ[i Z[dkd Y_Whed gk[ jeZW kdW l_ZW b[i ^W jeYWZe bb[]Wh W bW YWX[Y[hW YWdjedWb Z[ CedjWble feh [b i[Yjeh Z[ IWd D_Yeb|i" kdW l‡W h‘ij_YW Z[ (' a_bŒc[jhei gk[ `Wc|i ^W i_Ze Wi\WbjWZW$ ;b f[Z_Ze [i gk[ i[ Yedi jhkoW kd fk[dj[ ieXh[ [b h‡e 9h_ijWb fWhW Yeckd_YWh i[ Yed bWi Yeckd_ZWZ[i0 ;b 9_id[" 9Whc[d HeiW" @kWdW CWh‡W" Fk[hje 7hjkhe" IWd @eh][ 7bje" IWd @eh][ 8W`e" IWd <hWdY_iYe" IWd @eiƒ Z[b JWcXe o FWhW]kWdW$
666Ä“+ '.1 Ä“!.,Ä“#! ĹŠ
Ä‚
Ĺ?ĂĈĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? Ĺ?
Informe Semanal Municipal SĂguenos en:
http://www.facebook.com/quevedogob http://twitter.com/@quevedogob e-mail:alcaldia@quevedo.gob.ec
¥ ēŊ (! 12#Ŋ#-Ŋ+ Ŋ! 3#%.1~ Ŋ Ŋ#2Ŋ4-Ŋ+.%1.Ŋ/ 1 Ŋ#+Ŋ#23 +#!(,(#-3.Ŋ"#Ŋ#"4! !(¢-Ŋ2#!4-" 1( ē
ReuniĂłn con Directivo del BIESS El Alcalde John Salcedo Cantos, se reuniĂł en Quito con el Ing. Omar Serrano, funcionario del Biess, donde expuso proyectos sobre GeneraciĂłn de EnergĂa a partir de los desechos sĂłlidos en una mancomunidad empresarial donde participarĂa un promotor del Banco del Instituto del Seguro Social (BIESS), empresa privada y otros municipios cercanos a Quevedo. Otro de los proyectos tratados fue sobre los terrenos del Seguro Social, donde se piensa desarrollar planes de vivienda para los afiliados y tambiĂŠn construir un hospital del Seguro en Quevedo. e-mail:alcaldia@quevedo.gob.ec
)& !#)ŋ (ŋ ,&)-ŋ -.6ŋ (ŋ . !),v ŋ .-Ŋ#+Ŋ/4-3 )#Ŋ. 3#-(".Ŋ+ Ŋ(-23(Ĺ 34!(¢-Ŋ$4#Ŋ !1#"(3 " Ŋ!.,.Ŋ _!-(! ēŊ #Ŋ/1#/ 1 -Ŋ-4#5 2Ŋ#5 +4 !(.-#2ē Ŋ ŊěŊBei [ijkZ_Wdj[i" [b
InvitaciĂłn a invertir en Centro Comercial El Alcalde de Quevedo, Lcdo. John Salcedo, en su visita a Quito se reuniĂł con el empresario quiteĂąo Silvio Heller. Donde acordaron mejorar el Centro Comercial Quevedo Shopping Center en el cual el inversionista acondicionarĂĄ las cuatro salas de cine y el patio de comidas, y ademĂĄs construirĂĄ un ĂĄrea recreacional. Silvio Heller, expresĂł que lo fundamental es que haya trabajo, que se cree riqueza, y que haya expectativas para que la ciudad siga progresando. e-mail:alcaldia@quevedo.gob.ec
Entrega de materiales a Instituciones educativas Nueve planteles educativos: colegios NicolĂĄs Infante DĂaz, Enrique Ponce Luque y Dr. Manuel Quintana Miranda y las escuelas 24 de Mayo, Arnulfo ChĂĄvez Miranda, Dominical JosĂŠ Arimatea, Quito, JosĂŠ Sotomayor Falquez, Finlay y la SinaĂ, estĂĄ Ăşltima del recinto Faita de la vĂa Quevedo-San Carlos, fueron favorecidos con materiales de construcciĂłn donados por el GAD de Quevedo. e-mail:alcaldia@quevedo.gob.ec
PosesiĂłn de Directiva ComitĂŠ Desarrollo de Quevedo El ComitĂŠ CĂvico por el Desarrollo Integral de Quevedo posesionĂł al nuevo directorio y a su reelecto Presidente, Sr. Franklin Andino para el periodo 2011 – 2013, en un acto donde asistiĂł el alcalde Lcdo. John Salcedo Cantos; el jefe polĂtico Ulises DĂaz; los concejales Felipe Rivera y Daniel Donoso; el Secretario del Concejo Dr. Boris Villao. El programa se cumpliĂł el jueves Ăşltimo diseĂąo: Otto Bravo en el salĂłn de actos SimĂłn BolĂvar, de la Ciudadela Municipal. 57953-LG.
f[hiedWb ZeY[dj[" WZc_d_ijhW# j_le o Z[ i[hl_Y_e Z[b Yeb[]_e jƒYd_Ye IWd 9Whbei \k[hed [lW# bkWZei [b fWiWZe `k[l[i$ ;b \kdY_edWh_e Z[ bW Z_# h[YY_Œd dWY_edWb Z[ [ZkYW# Y_Œd jƒYd_YW" @W_c[ Ik|h[p" [b `[\[ Z[ bW Z_l_i_Œd Z[ [ZkYW# Y_Œd fhel_dY_Wb" @kb_e F[‹W o 9Whbei <Wijei" `[\[ Z[ Ykhh‡# Ykbe \k[hed bei [dYWh]WZei Z[ [\[YjkWh bW [lWbkWY_Œd [d [b [ijWXb[Y_c_[dje$ BW `ehdWZW Z[ [lWbkWY_Œd _d_Y_Œ W bWi &.0&& W jhWlƒi Z[ ''+ _dZ_YWZeh[i W]h[]WdZe bWi [l_Z[dY_Wi Yece fheo[Yjei" [b cWdkWb Z[ Yedl_l[dY_W" bW h[# \ehcW Z[b h[]bWc[dje _dj[hde Z_e Yece h[ikbjWZe gk[ [b Yeb[# ]_e i[ kX_gk[ [d bW YWj[]eh‡W 7" Yed kd fkdjW`[ Z[ ',& fkdjei$ ;ije _dZ_YW gk[ [b Yeb[]_e [ij|
Ă’`WZe [d kdW Xk[dW YWj[]eh‡W o Ykcfb[ Yed bei b_d[Wc_[d# jei o eh_[djWY_ÂŒd Z[ be gk[ [i eh_[djWY_ÂŒd jƒYd_YW" \k[ be gk[ cWd_\[ijÂŒ [b h[Yjeh Z[b fbWdj[b" >k]e =WhY‡W" gk_[d jWcX_ƒd [d\Wj_pÂŒ gk[ be be]hWZe [i bW h[ifk[ijW W bW fh[fWhWY_ÂŒd c[# Z_Wdj[ kdW YWfWY_jWY_ÂŒd ieXh[ [b cWdkWb Z[ fheY[Z_c_[dje" h[Wb_pWdZe bk[]e jWbb[h[i" \eh# cWhed [gk_fei Z[ ][ij_ÂŒd" [cfh[dZ_c_[dje o Ykhh‡Ykbe$ ;b h[Yjeh [nfh[iÂŒ gk[ YWZW kde Z[ bei [gk_fei \k[ h[# Yeb[YjWdZe bWi [l_Z[dY_Wi Z[ bei _dZ_YWZeh[i gk[ b[i Yehh[ifedZ‡W fh[fWhWh$ =WhY‡W W]h[]ÂŒ gk[ bW [lW# bkWY_ÂŒd \k[ _dij_jkY_edWb [d be gk[ h[if[YjW W ZeYkc[djei" WZc_d_ijhWY_ÂŒd" cWbbWi Ykhh_# YkbWh[i" fbWd_Ă’YWY_ed[i Z[ bei ZeY[dj[i [ _d\hW[ijhkYjkhW$
:[ bW c_icW cWd[hW" l_i_# jWhed bW \_dYW fWhW eXi[hlWh bei fheo[Yjei W]h‡YebWi gk[ [`[# YkjWd Z[dec_dWZWi kd_ZWZ[i [ZkYWj_lWi Z[ fheZkYY_ÂŒd" feh YkWdje [b Yeb[]_e [i jƒYd_Ye$ !1#"(3 !(¢-
BW Wkjeh_ZWZ Z[b fbWdj[b i[ h[# Ă’h_ÂŒ W bWi \Wb[dY_Wi gk[ [n_ij[d [d bW _dij_jkY_ÂŒd Yece bW c[# jeZebe]‡W Z[ bW _dl[ij_]WY_ÂŒd" bW [lWbkWY_ÂŒd Z[ Z[i[cf[‹e o fheo[Yjei Z[ Z[X[d _cfb[# c[djWh Yed bWi kd_l[hi_ZWZ[i feh c[Z_e Z[ Yedl[d_ei" fWhW gk[ bei [ijkZ_Wdj[i i[ _di[hj[d [d [b |cX_je bWXehWb$ Feh [bbe" =WhY‡W Z_`e gk[ Yehh[]_h|d Z[ _dc[Z_Wje fWhW bW fhÂŒn_cW [lWbkWY_ÂŒd bb[]Wh W bei (&& fkdjei$ 9ed [ij[ fkdjW`[ [b Yeb[# ]_e i[ WYh[Z_jÂŒ Yece jƒYd_Ye o fWhW gk[ Yedj_d‘[ [d [i[ d_l[b i[ fh[fWhWh|d fWhW bW i[]kdZW o j[hY[hW [lWbkWY_ÂŒd$ 9ed [ijW [nf[h_[dY_W Ă’dWb_pÂŒ gk[ Yed# j_dkWh|d jhWXW`WdZe fWhW gk[ i[ cWdj[d]W [d YWj[]eh‡W 7$
,#-+/ ,)-Ĺ‹, &#!# ,)(Ĺ‹*, -# (. ŊěŊ Dƒijeh Eh[bbWdW Z_#
bW WieY_WY_ÂŒd0 bW h[ceZ[bWY_ÂŒd h_]_h| Zei W‹ei c|i bW 7ieY_W# Z[b c[hYWZe Z[ cWh_iYei$ 7b h[if[Yje" [b fh[i_Z[d# Y_ÂŒd Z[ 9ec[hY_Wd# j[i CWoeh_ijWi Z[ ĹŠ j[ h[[b[Yje _d\ehcÂŒ gk[ i[ CWh_iYei (+ Z[ @kb_e" WlWdpW W fWie Ă’hc[ fWhW Wi‡ be h[iebl_[hed bei be]hWh [b eX`[j_le" fk[i bW _dj[]hWdj[i Z[ [ijW 23;-ĹŠ \kdZWY_ÂŒd Gk[l[Ze [i c_ /.1ĹŠ$(1, 1ĹŠ4-ĹŠ [dj_ZWZ [d [b fheY[ie !.-5#-(.ĹŠ!.-ĹŠ+ ĹŠ Y_kZWZ ^W ZWZe bkp l[h# [b[YjehWb [\[YjkWZe [b ;, 1 ĹŠ"#ĹŠ Z[ fWhW bW YedijhkYY_ÂŒd .,#1!(.ĹŠ"#ĹŠ 4#5#".ĹŠ/ 1 ĹŠ i|XWZe ‘bj_ce$ Z[b c[hYWZe$ 1#!( (1ĹŠ3 ++#1#2ĹŠ Eh[bbWdW" gk_[d "#ĹŠ! / !(3 !(¢-ēŊ Æ;if[hWcei [d [b (&'( WZ[c|i i[ Z[i[c# j[d[h dk[ijhe c[hYWZe" ZedZ[ ^WXh| (* fk[i# f[‹Œ Yece j[ieh[he ZkhWdj[ i[_i W‹ei [d jei fWhW dk[ijhei ieY_ei" WZc_d_ijhWY_ed[i Wdj[h_eh[i" Z_[p fWj_ei Z[ Yec_ZW" kd i[‹WbÂŒ gk[ [d [ij[ dk[le f[h_e# KF9 o kd WkZ_jeh_eÇ" i[‹WbÂŒ ēŊ #1;ĹŠ/.2#2(.- " ĹŠ#+ŊĉĎŊ "#ĹŠ)4+(.ĔŊ"~ ĹŠ"#+ĹŠ -(5#12 1(.Ä“ Ze [if[hW Yh_ijWb_pWh [b ik[‹e Z[ [ceY_edWZe Eh[bbWdW$
ŋ ŋ ŋŋŋ ŋ ŋ ŋŋŋŋŋ ŋ ŋ
Ĺ? ĂĈĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? Ĺ? ƒ
ă
#2ĂŒ2ĹŠ 15;#9ĹŠ 4(-3.
ĹŠ ĹŠ ĹŠ }
+Ŋ31#2Ŋ"~ 2Ŋ+ 2Ŋ9.- 2Ŋ"#Ŋ3.+Ĺ #1 -!( Ŋ2#1;-Ŋ1#4 (! " 2ēŊ +Ŋ /+ 9.Ŋ/ 1 Ŋ/1./(#3 1(.2Ŋ2#Ŋ !4,/+(¢Ŋ8Ŋ#+Ŋ . #1- ".1Ŋ"(!#Ŋ 04#Ŋ2 +"1;-Ŋ/.104#Ŋ2 +"1;-ēŊ
D
e [n_ij_h|d c|i fhÂŒ# hhe]Wi fWhW bW h[kX_YW# Y_ÂŒd Z[ bWi pedWi Z[ je# b[hWY_WÇ Wi‡ be cWd_\[ijÂŒ [b =eX[hdWZeh Z[ Bei H‡ei" @[i‘i DWhl|[p [d [d# jh[l_ijW Yed BW >ehW [d bW gk[ WZ[c|i Z[`ÂŒ [d YbWhe gk[ [b fbW# pe i[ Ykcfb[ [b )& Z[ `kd_e$ DWhl|[p h[YehZÂŒ gk[ [d Kh# ZWd[jW oW [n_ij[ kdW gk[`W fh[# i[djWZW feh bei fhef_[jWh_ei Z[ fheij‡Xkbei" fWjheY_dWZei feh [b 7Xe]WZe @eĂľh[ @eh][" gk_[d ^W fh[i[djWZe kdW Z[dkdY_W Wb C_d_ij[h_e Z[b ?dj[h_eh i[‹WbWd# Ze gk[ bW =eX[hdWY_ÂŒd de j_[d[ Yecf[j[dY_W fWhW _dj[hl[d_h [d bW h[kX_YWY_ÂŒd" [d [b i[dj_Ze gk[ [b 9eejWZ b[ ZW bW Wjh_Xk# Y_ÂŒd W bei ckd_Y_f_ei$ ;d [i[ fkdje" WYbWhÂŒ gk[ [\[Yj_lWc[dj[ bW 9eejWZ b[ ZW [iW fej[ijWZ W bei ckd_Y_f_ei" f[he [d YkWdje Wb ehZ[dWc_[d# je j[hh_jeh_Wb" de ^WY_W bW Wfb_YW# Y_ÂŒd Z[b h[]bWc[dje gk[ [n_ij[ feh fWhj[ Z[ IWbkZ$ ÆDeiejhei ^[cei Z_Wbe]WZe Yed bW :_h[Y# Y_ÂŒd Fhel_dY_Wb Z[ IWbkZ o Yed# `kdjWc[dj[ lWcei W fheY[Z[h Yed [b Y_[hh[ Z[ [ijei i_j_eiÇ Z_`e bW Wkjeh_ZWZ Z[b ;`[Ykj_le $ ÄĽ +#-ĹŠ/.104#ĹŠ2 +#-ÄŚ
;b =eX[hdWZeh fkdjkWb_pÂŒ gk[ Yed [ije de i[ [ij| YeWhjWdZe d_d]‘d Z[h[Y^e bWXehWb$ Æ;d# j[dZ[cei bW i_jkWY_ÂŒd Z[ bWi f[hiedWi gk[ bWXehWd [d [ijei i_j_ei f[he Wi‡ c_ice" Z[X[cei [dj[dZ[h o f[Z_h W bW Y_kZWZW# d‡W gk[ dei WokZ[" be ^WY[cei fehgk[ [ij| [dcWhYWZe [d bW b[o o feh i[]kh_ZWZÇ [nfh[iÂŒ$ DWhl|[p Wfhel[Y^ÂŒ fWhW ^W# Y[h kd bbWcWZe W bei WbYWbZ[i" fk[i ied fWhj[ \kdZWc[djWb [d bW jhWdi_Y_ÂŒd$ ;d [i[ i[dj_Ze" _dZ_YÂŒ gk[ [b ;ijWZe de [ij| [d bW eXb_# ]WY_ÂŒd Z[ WZgk_h_h bei beYWb[i fWhW gk[ [ijei i_]Wd \kdY_e# dWdZe oW gk[ ied d[]eY_ei fh_lWZei" be gk[ i‡ Z[X[d ^W# Y[h bei ckd_Y_f_ei [i h[kX_# YWhbei [d kdW pedW i[]khW$
. 1#ĹŠ+.2ĹŠÄĽ ).2ĹŠ"#ĹŠ;%4(+ ÄŚ
;d\Wj_pŒ gk[ [d Gk[l[Ze [n_i# j[d '* o [d 8WXW^eoe '&$ ;ijWi Y|cWhWi ^Wd i_Ze YebeYWZWi [d fkdjei [ijhWjƒ]_Yei Z[ bW Y_k# ZWZ fWhW YWfjWh [b cec[dje Z[b Z[b_je o j[d[h kdW YWfWY_ZWZ Z[ h[WYY_Œd [djh[ ( o * c_dkjei" bei W][dj[i j[dZh|d j[bƒ\edei fWhW kdW Yeckd_YWY_Œd _dc[# Z_WjW$ I[]‘d DWhl|[p" i[ [ij| bb[lWdZe W YWXe kd Yedjheb ie# Xh[ bei h[ikbjWZei gk[ Z_Y^Wi Y|cWhWi Whhe`[d [d [b bWfie Z[ jh[i c[i[i o i[]‘d [ie" efj_c_# pWh [b jhWXW`e gk[ Z[i[cf[‹Wd$
-9¢Ŋ! +(ă! 3(5.2
FWhW [b =eX[hdWZeh Z[ Bei H‡ei kde Z[ bei fkdjei gk[ Yedjh_Xko[d Wb Wkc[dje Z[ bW Z[b_dYk[dY_W [i bW YehhkfY_ÂŒd" i[]‘d ƒb gk[ [n_ij[ feh fWhj[ Z[ bei `k[Y[i Z[`WdZe [d b_X[h# jWZ \|Y_bc[dj[ W Z[b_dYk[dj[i o [Y^WdZe W f[hZ[h Wi‡ [b jhWXW`e h[Wb_pWZe feh bei feb_Y‡Wi$ FWhW [ije" bW Wkjeh_ZWZ _dZ_# YÂŒ gk[ i[ [ij| ^WY_[dZe bb[]Wh ^WijW [b C_d_ij[h_e Z[b ?dj[# h_eh kd b_ijWZe X|i_Ye Yed bei decXh[i Z[ `k[Y[i o \_iYWb[i gk[ fh[ikdjWc[dj[ [ijWh‡Wd l_dYkbWZei W WYjei Z[ Yehhkf# Y_ÂŒd e Wgk[bbei gk[ h[f_j[d bW b_X[hjWZ Z[ gk_[d[i ^Wd i_Ze h[j[d_Zei lWh_Wi l[Y[i$ ;d YkWdje Wb 9[djhe Z[ H[# ^WX_b_jWY_ÂŒd IeY_Wb Z[ Gk[l[Ze 9HIG " Z_`e gk[ [ij| i_[dZe h[ceZ[bWZe$ ;b jhWibWZe Z[b 9HIG gk[ZW feij[h]WZe ^WijW i[]kdZW ehZ[d" DWhl|[p iei# jkle gk[ bW fhefk[ijW Z[ \edZe [i gk[ ƒij[ i[W h[kX_YWZe [d * CWd]Wi$ Æde eXijWdj[ ^WijW gk[ [ije eYkhhW [ijWcei h[ceZ[# bWdZe be gk[ j[d[ceiÇ [nfh[iÂŒ" fkdjkWb_pWdZe gk[ bW h[kX_YW#
ēŊ #2ĂŒ2ĹŠ 15;#9ĹŠ 4(-3.ĔŊ . #1- ".1ĹŠ"#ĹŠ+ ĹŠ/1.5(-!( ĹŠ"#ĹŠ .2ĹŠ ~.2ĹŠ#-ĹŠ#-31#5(23 ĹŠ!.-ĹŠ#23#ĹŠ,#"(.Ä“
23 ,.2ĹŠ#-5( -".ĹŠ4-ĹŠ+(23 ".ĹŠ!.-ĹŠ+.2ĹŠ-., 1#2ĹŠ"#ĹŠ )4#!#2ĹŠ8ĹŠÄƒ2! +#2ĹŠ04#ĹŠ/1#24,( +#,#-3#ĹŠ#23 1~ -ĹŠ 5(-!4+ ".2ĹŠ ĹŠ !3.2ĹŠ"#ĹŠ!.114/!(¢-ĹŠ.ĹŠ 04#++.2ĹŠ04#ĹŠ 1#/(3#-ĹŠ+ ĹŠ+( #13 "Ä“ Y_ÂŒd lW W Z[f[dZ[h ckY^e Z[ bW [djh[]W Z[ bei j[hh[dei feh fWhj[ Z[b Ckd_Y_f_e o Z[b 9ed# i[`e Fhel_dY_Wb$ Bei [ijkZ_ei o Z_i[‹ei oW [ij|d ^[Y^ei$ ÆDe c[ Wjh[le W ZWh fbWpei" fei_Xb[c[dj[ bW C_d_ijhW Z[ @kij_Y_W [ijƒ bW fhÂŒn_cW i[cWdW [d bW fhel_dY_W" W [bbW b[ Yecf[# j[ i[‹WbWh bW \[Y^WÇ" YedYbkoÂŒ$ Feh ejhe bWZe" i[ lW W _d_Y_Wh Yed bW YedijhkYY_ÂŒd Z[b 9[djhe Z[ :[j[dY_ÂŒd Fhel_i_edWb [d 8WXW^eoe o [d L_dY[i oW gk[ [n_ij[d ) ^[Yj|h[Wi$
+Ŋ31 2+ ".Ŋ"#+Ŋ #-31.Ŋ"#Ŋ #' (+( 3!(¢-Ŋ .!( +Ŋ"#Ŋ 4#5#".ŊŊ04#" Ŋ/.23#1% ".Ŋ ' 23 Ŋ2#%4-" Ŋ.1"#-ē
Ä…
Ĺ? ĂĈĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? Ĺ? ƒ
)- -#)( ,)(Ĺ‹ (/ 0 Ĺ‹ #, .#0 Ĺ‹ ,,) ,
BW Z_h[Yj_lW gk[Ze Yed\ehcW# ZW feh @eĂľh[ 8hWle1 Yece fh[# i_Z[dj[ Z[ bW YecfW‹‡W Zef[f_h" =b[dZW I|dY^[p1 ][h[dj[ o IWd# ZhW IWb_dWi i[Yh[jWh_W$ ;b fh[i_Z[dj[ [b[Yje i[‹WbÂŒ gk[ XkiYWd [nfehjWh" YecfhWh o l[dZ[h W bWi pedWi Wb[ZW‹Wi ZedZ[ bei *& WieY_ei gk_[d[i ied eh_kdZei Z[ 8WbpWh" Gk[l[# Ze o FWb[ij_dW fedZh|d ik ]hW# d_je Z[ Wh[dW fWhW [b fhe]h[ie Z[ bW c_icW$ /#1341
Æ?d_Y_Wh[cei [d Z_[p Z‡Wi Yed bW YecfW‹‡W WhheY[hW bW YkWb [i# bW YecfW‹‡W WhheY[hW :ef[f_h jWh| kX_YWZW [d IWd @kWd f[h# fei[i_ede W bW dk[lW Z_h[Yj_# j[d[Y_[dj[ W Fk[Xbel_[`e Wi‡ lW" [d WYje [ijkl_[hed fh[i[dj[ iecei kd Wfehj[ fheZkYj_le bei ieY_ei ZedZ[ jWcX_ƒd \_h# ZedZ[ jeZei bei ieY_ei [ijW# cWhed WYjWi fWh i[h fWhj[ Z[ h[cei _dc[hie [d [b jhWXW`eÇ" bW WieY_WY_ÂŒd$ WĂ’hcÂŒ @eĂľh[ 8hWle$ ĹŠ ěŊ BW jWhZ[ Z[b i|XWZe
+/vĹ‹&)-Ĺ‹4 ( / )-Ĺ‹ " (Ĺ‹ Ĺ‹& -Ĺ‹-/3 ēŊ +ĹŠ +4, 1 ".ĹŠ/ĂŒ +(!.ĹŠ#2ĹŠ4- ĹŠ"#ĹŠ+ 2ĹŠ-#!#2(" "#2ĹŠ"#ĹŠ+.2ĹŠ' (3 -3#2Ä“
4(#-#2ĹŠ' (3 -ĹŠ#-ĹŠ#+ĹŠ2#!3.1ĹŠ -ĹŠ 13~-ĹŠ' !#-ĹŠ4-ĹŠ++ , ".ĹŠ41%#-3#ĹŠ ĹŠ + 2ĹŠ 43.1(" "#2ĹŠ+.! +#2Ä“ ;d [b i[Yjeh IWd CWhj‡d f[hj[d[Y_[dj[ W bW fW# hhegk_W (& Z[ <[Xh[he bei ce# hWZeh[i cWd_\[ijWhed ik Z[i# Yedj[dje Z[X_Ze W bW \WbjW Z[ i[hl_Y_ei X|i_Yei$ BW YWh[dY_W Z[ W]kW fejWXb[" [b cWb [ijWZe Z[ bWi YWbb[i" bW \WbjW Z[ WbkcXhWZe f‘Xb_Ye o bW feYW i[]kh_ZWZ" ied bei fh_dY_# fWb[i \WYjeh[i Z[ fh[eYkfWY_ÂŒd ĹŠ ěŊ
ÂĄ ēŊ .2ĹŠ 2(23#-3#2ĹŠ ĹŠ+ ĹŠ/.2#2(¢-ĹŠÄƒ1, 1.-ĹŠ4-ĹŠ !4#1".ĹŠ/ 1 ĹŠ2#1ĹŠ/ 13#ĹŠ"#ĹŠ+ ĹŠ !.,/  ~ ĹŠ
fWhW gk_[d[i l_l[d [d [ij[ i[Y# jeh fefkbWh Z[ Gk[l[Ze$ ;d kdW [djh[l_ijW" [b Wb# YWbZ[ @e^d IWbY[Ze W\_hcÂŒ gk[ bWi eXhWi bb[]Wh|d W je# Zei bei i[Yjeh[i ZkhWdj[ [ij[ f[h_eZe Z[ WZc_d_ijhWY_ÂŒd" ZedZ[ Z[iZ[ oW i[ l_[d[d h[W# b_pWdZe Z_l[hiei jhWXW`ei o i[ [ij| Ykcfb_[dZe o Xh_dZWdZe bW WokZW W bei bk]Wh[i gk[ [ij|d c|i d[Y[i_jWZei Z[ eXhWi$ KdW Z[ bWi cehWZehWi" <W# X_ebW HeZh‡]k[p Yec[djÂŒ gk[ [b de YedjWh Yed [b i[hl_# Y_e Z[ W]kW fejWXb[ b[i WYW# hh[W lWh_ei _dYedl[d_[dj[i o gk[ fWhW ikfb_hi[ i[ WXWi# j[Y[d Z[ fepei$ ÆDe je# Zei Wgk‡ j[d[cei fepei Z[ W]kW" feh be gk[ ckY^ei i[ l[d eXb_]WZei W YecfhWh ]Wbed[iÇ" W‹WZ_ÂŒ HeZh‡]k[p" c_[djhWi fh[fWhWXW Wbck[hpe$
;b cWb [ijWZe Z[ bWi YWbb[i ^W fheleYWZe gk[ bei ^WX_jWd# j[i Z[b i[Yjeh fh[i[dj[d W\[Y# Y_ed[i [d bWi l‡Wi h[if_hWje# h_Wi" ]Wh]WdjW _hh_jWZW" [djh[ ejhWi [d\[hc[ZWZ[i$ ;b i[Yjeh de Yk[djW Yed Wb# YWdjWh_bbWZe feh be gk[ iki ^W# X_jWdj[i i[ l[d [d bW eXb_]WY_Œd Z[ [dl_Wh bWi W]kWi i[hl_ZWi W bW YWbb[" be gk[ W fheleYWZe bW WYkckbWY_Œd Z[ pWdYkZei Wb _]kWb gk[ bW cWb[pW o c|i [d# \[hc[ZWZ[i fWhW bei c[deh[i [if[Y_Wbc[dj[$ ;d [i[ i[dj_Ze" ieb_Y_jWd W bWi Wkjeh_ZWZ[i f[hj_d[dj[i bW WokZW d[Y[iWh_W fWhW [l_jWh c|i ceb[ij_Wi$ Ejhe Z[ bei _dYedl[d_[dj[i [i bW YWh[dY_W [d YkWdje Wb i[hl_Y_e Z[ WbkcXhWZe f‘Xb_Ye" oW gk[ Wb _d]h[iWh Wb bk]Wh i[ fk[Z[ eXi[hlWh gk[ de [n_ij[d bkc_# dWh_Wi" be gk[ i[ ^W Yedl[hj_Ze [d kd f[b_]he YedijWdj[ fWhW gk_[d[i jhWdi_jWd bWi Whj[h_Wi [d ^ehWi Z[ bW deY^[" oW gk[ Z[iYedeY_Zei WYkZ[d Wb bk]Wh W Yec[j[h iki \[Y^eh‡Wi$
ĹŠ ĹŠ ĹŠ ĹŠ ^ ĹŠ ĹŠ .2/(3 +ĹŠĹŠ Ä?ĎćĹĊÄ?ÄŠ ., #1.2Ä– .+~5 1ĹŠ8ĹŠÄŽ3 ēŊ Ä?ÄŽÄ‡ÄąÄŠÄŠÄˆ +.ĹŠ + 9 ĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠÄ?ÄŽÄˆÄąÄ?ĎĈ -ĹŠ ,(+.ĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠÄ?ĎćĹĒĊć ēŊ 1.%1#2.ĹŠĹŠ Ä?ÄŽÄˆÄąÄ?Ä?Ä?ĹŠ ĹŠ Ă‹ ĹŠ Ä?ÄŽÄ?ĹđĒĊ 4-(!(/(.ĹŠ Ä?ÄŽÄŠÄąÄŽÄ‡Äˆ ĹŠ Ä?ÄŽÄ‡ÄąÄŠÄŒÄˆ ĹŠ .+(!~ ĹŠĹŠ Ä?ÄŽÄˆÄąÄ‡Ä‘Ä‘ 4 (-3#-"#-!( ĹŠ Ä?Ä?ĊĹĊĉć #$#-2 ĹŠ (5(+Ä–ĹŠĹŠ 4#5#".ĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠÄ?Ä?Ä‡ÄąÄŒÄ‘Ä‡ '.8.ĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠĹŠÄ?ĊĉĹĉÄ?ÄŒ 58338-VM.
Ä’ 3Ĺ‹/(Ĺ‹ $/-. Ĺ‹- & .#0)Ĺ‹ (Ĺ‹& -Ĺ‹. ,# -Ĺ‹ &Z .,# -Ä“ #/1#2#-3 -3#ĹŠ "#ĹŠ ĹŠ#7/+(! ĹŠ ĹŠ 04(_-#2ĹŠ $#!3 1;ĹŠ #+ĹŠ +9 ĹŠ"#ĹŠ#-#1%~ ĹŠ #-ĹŠ .2ĹŠ ~.2Ä“
ŊŊěŊ;b ][h[dj[ Z[ bW 9eh# fehWY_ÂŒd DWY_edWb Z[ ;b[Yjh_# Y_ZWZ 9D;B Bei H‡ei" Ij[l[d 9WdWb[i =ÂŒc[p" [nfb_YW gk[ bW h[iebkY_ÂŒd Z[b 9edi[`e DWY_e# dWb Z[ ;b[Yjh_Y_ZWZ 9ed[b[Y " WfheXWZW [b &/ Z[ `kd_e" [i kd W`kij[ W bWi jWh_\Wi Z[b i[Yjeh h[# i_Z[dY_Wb" oW gk[ i[ [b_c_dÂŒ [d \ehcW ]hWZkWb [b ikXi_Z_e W bWi jWh_\Wi [bƒYjh_YWi fWhW bei kikW# h_ei gk[ YedikcWd c|i Z[ +&& a_belWj_ei ^ehW Wb c[i$ ;d [b |h[W Z[ YedY[i_ÂŒd Z[ 9D;B Bei H‡ei [n_ij[d /' c_b .-. Yb_[dj[i" f[he gk[ Yed ƒijW c[Z_ZW iÂŒbe W\[YjWh| W (')' ik# f[hWd [b Yedikce Z[ +&& a_belW# j_ei feh c[i" Z[ `kd_e W del_[c# Xh[ " gk[ [d bW WYjkWb_ZWZ fW]Wd [djh[ ++ o ,& ZÂŒbWh[i o h[fh[i[d# jWd [b (")( 1 o '&)) Yb_[dj[i ik# f[hWd [b Yedikce Z[ -&& a_belW# j_ei feh c[i" Z_Y_[cXh[ W cWoe " gk[ [d bW WYjkWb_ZWZ fW]Wd [djh[ -+ o .& ZÂŒbWh[i c[dikWb[i o iebe h[fh[i[djWd [b '"'( $ ;ijei Yb_[dj[i ied kdW c_# deh‡W" oW gk[ Yedikc[d c|i Z[ +&& a_belWj_ei feh ^ehW" oW gk[ j_[d[d f_iY_dWi j[cf[hWZWi" YWdY^Wi _bkc_dWZWi" W_h[i WYed# Z_Y_edWZei Y[djhWb[i o fWhW YWZW ^WX_jWY_ÂŒd o ieXh[ jeZe de [n_ij[ kd c‡d_ce W^ehhe Z[ [d[h]‡W$
8ĹŠ04#ĹŠ '.11 1ĹŠĹŠ
BW _Z[W Y[djhWb [i YedY_[dj_pWh W jeZW bW Y_kZWZWd‡W gk[ W^ehh[ [d[h]‡W" gk[ ik kie i[W hWY_e# dWb o de i[ Z[ [b Z[hheY^[ j‡f_Ye" ÆoW gk[ [ijW c[Z_ZW W\[YjWh| W Wgk[bbei kikWh_ei gk[ cWdj_[# d[d Wbjei Yedikcei Z[ [d[h]‡W [bƒYjh_YW" Z[X_Ze W kdW cWbW kj_# b_pWY_ÂŒd e W Yedikcei ikdjkW# h_ei o gk[ WYjkWbc[dj[ h[Y_X[d
Ĺ? ĂĈĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? Ĺ? ƒ
Ć
-3.-#2
Äą .2ĹŠ ~.2
Ĺ—ĹŠ '.8. Ĺ—ĹŠ 4) Ĺ—ĹŠ Ĺ—ĹŠ .-3 +5. Ĺ—ĹŠ 1" -#3 Ĺ—ĹŠ (-!#2 Ĺ—ĹŠ +#-04# Ĺ—ĹŠ 4# +.5(#). Ĺ—ĹŠ #-3 - 2 Ĺ—ĹŠ 4(-2 +., [b ikXi_Z_e feh fWhj[ Z[b [ijWZeÇ Z_Y[ 9WdWb[i =ÂŒc[p$ H[if[Yje W bW [d[h]‡W ][d[# hWZW" c_[djhWi cWoeh [i [b Yed# ikce Z[ [d[h]‡W [bƒYjh_YW [d [b FW‡i _d]h[iWd W ef[hWh bWi Y[d# jhWb[i Z[ ][d[hWY_ÂŒd Ykoe Yeije Z[ fheZkYY_ÂŒd [i ckY^e c|i Wbje Y[djhWb[i W Z_[i[b e _cfeh# jWY_ÂŒd Z[ [d[h]‡W [bƒYjh_YW " _d# Ybki_l[ Z_Y^e lWbeh ikf[hW dejW# Xb[c[dj[ [b Yeije gk[ i[ YeXhWh‡W Wb kikWh_e h[i_Z[dY_Wb Z[ Wbje Yedikce feh AM>$ BW Z[cWdZW Z[ [d[h]‡W Z[ [i# jei W‹ei W bei Wdj[h_eh[i i[ [nfb_# YW [d [b Yh[Y_c_[dje [YedÂŒc_Ye Z[ bW feXbWY_ÂŒd gk[ ^W f[hc_j_Ze YecfhWh WYY[ieh_ei fWhW [b ^e# ]Wh Yece W_h[i WYedZ_Y_edWZei" h[\h_][hWZeh[i o ^WijW j[b[l_ie# h[i fWhW YWZW YkWhje$ ;b ]eX_[hde dWY_edWb [ij| ^W# Y_[dZe jeZei bei [i\k[hpei fWhW W^ehhWh [d[h]‡W [d [b fW‡i" Yece bW [djh[]W ]hWjk_jW Z[ bei \eYei W^ehhWZeh[i" bWi YWcfW‹Wi fWhW ÆWfW]Wh bW bkp gk[ de i[ kj_b_pWÇ" [nfb_YWdZe gk[ bei Whj[\WYjei [bƒYjh_Yei Z[ cWi Z[ Z_[p W‹ei Wkc[djWd [b Yedikce Z[ a_be# lWj_ei#^ehW [d \ehcW c[dikWb" _dl_hj_[dZe [d [b cWdj[d_c_[d# je Z[ bWi b‡d[Wi Z[ jhWdic_i_ÂŒd" h[fWhWdZe bkc_dWh_Wi f‘Xb_YWi gk[ fWiWXWd [dY[dZ_ZWi jeZe [b Z‡W o [d bW WYjkWb_ZWZ i[ Ye# beYWd bkY[i gk[ i[ fh[dZ[d [d bW deY^[ o i[ WfW]Wd [d [b Z‡W$ 7YbWhW [b \kdY_edWh_e gk[ [b fh[Y_e Z[ bW [d[h]‡W [bƒYjh_YW i[
ēŊ 3#5#-Ŋ - +#2Ŋ%#1#-3#Ŋ -#+Ĺ .2Ŋ ~.2Ŋ#7/+(!¢Ŋ#+Ŋ )423#Ŋ#-Ŋ+ 2Ŋ3 1($ 2Ŋ"#Ŋ#+_!31(! 2ēŊ
cWdj[dZh|d _dWcel_Xb[i bei YWh]ei jWh_\Wh_ei fWhW [b i[Yjeh Yec[hY_Wb [ _dZkijh_Wb" feh be YkWb" de [n_ij[ `kij_ÒYWj_le Wb# ]kde fWhW kd _dYh[c[dje [d bei fh[Y_ei o de i[ lW W f[h`kZ_YWh W bW YbWi[ c[Z_W Z[b fW‡i$ 4 2("(.Ŋ2#Ŋ, -3(#-#
;b `[\[ Z[ Wj[dY_ÂŒd Wb Yb_[dj[ Z[ 9D;B Bei H‡ei" CWdk[b Hec[# he" Z_`e [d \ehcW jW`Wdj[ gk[ [b ikXi_Z_e [bƒYjh_Ye Z[b ]eX_[hde i[ cWdj_[d[" gk[ [d Æd_d]‘d ce# c[dje i[ lW W h[j_hWh [b ikXi_Z_e W bei ^e]Wh[iÇ$ BW jWh_\W Z[ &"&&* i[h| [b Yei# je Z[ a_belWj_e ^ehW Wb c[i fWhW
bei gk[ i[ [dYk[djh[d [d [b i[Yjeh Z[ bW jWh_\W Z[ bW Z_]d_ZWZ$ ;ie i_" jWb Yece be Z_ifkie [b CWdZWje '+ Z[ bW 7iWcXb[W 9edij_jko[dj[ ^WXh| kdW [iYWbW Z[ Yb_[dj[i Zed# Z[ [n_ij[d bei i_]k_[dj[i ]hkfei0 Fh_c[h ]hkfe0 JWh_\W Z[ bW :_]d_ZWZ c[dei Z[ ')& a_belW# j_ei$ ;i _cfehjWdj[ iWX[h gk[ [d [ij[ d_l[b i[ [dYk[djhWd +, c_b +&& Yb_[dj[i" gk[ fW]Wd &"&&* feh a_belWj_e o gk[ h[# fh[i[djWd ,'"+ Z[b jejWb Z[ Yb_[dj[i Z[ 9D;B Bei H‡ei$ I[]kdZe ]hkfe0 bei gk[ [ijƒd [d [b Yedikce c[dikWb [djh[ ')' o +&& gk[ fW]Wh|d . Y[djW# lei$ 7gk‡ [ij|d bei Z[ YbWi[ c[#
Z_W o c[Z_W WbjW o ied fh[Y_ei h[Wb[i o ikXi_Z_WZei$ ;d [b j[hY[h ]hkfe [ij|d bei gk[ fWiWd bei +&& a_belWj_ei" ZedZ[ jWcX_ƒd [n_ij[d jWh_\Wi h[Wb[i o ikXi_Z_WZWi Yed kd lWbeh gk[ WbYWdpW bei ', Y[djWlei$ ;b YkWhje ]hkfe ied bei gk[ fWiWd bei (&&& a_belWj_ei Wb c[i" ZedZ[ [b lWbeh feh a_be# lWj_ei ^ehW [i Z[ ,- Y[djWlei$ ;ij[ lWbeh [i [b Yeije gk[ j_[# d[ [b [ijWZe feh ][d[hWY_Œd o Z_ijh_XkY_Œd$ ;ij[ i_ij[cW h_][ [d jeZe bW YeijW W [nY[fY_Œd Z[ bW I_[hhW gk[ fW]W W fWhj_h Z[ bei +&&am bei ,*jYli$
&ŋ' & š(ŋ ŋ / , ŋ. ( ,6ŋ+/ ŋ -. ,ŋ&#-.)ŋ (ŋ&)-ŋ*,š2#')-ŋÝÿŋ v Ŋě;b =eX_[hde FWhhegk_Wb Z[
=kWh[" Yedijhko[ kd cWb[YÂŒd Z[ /( c[jhei Z[ bWh]e [d [b h[Y_dje BW 9Whc[bW$ BW eXhW Z[X[h| i[h [djh[]WZW [b '+ Z[ `kb_e \[Y^W gk[ i[ Y[b[XhWd bWi Ă’[ijWi h[b_]_eiWi Z[ Dk[ijhW I[‹ehW Z[b 9Whc[d$ A[hbo 7hX[b|[p" fh[i_Z[dj[ fWhhegk_Wb gk_[d h[fh[i[djWd [b Cel_c_[dje =WdWZ[he Z[b YWdjÂŒd 8WXW" Z_`e Æ [i ^ehW Z[ ZWhb[ W bei gk[ Yehh[ifedZ[ W bWi Yeckd_ZWZ[i gk[ j[d]Wd kd [ifWY_e h[Yh[Wj_le o jkh‡ij_Ye" o de iebe [d bWi YWX[Y[hW YWdjedWb$
Gk_ƒd _XW W f[iWh gk[ kdW Yeck# dW Yed c|i Z[ + c_b ^WX_jWdj[i lW W j[d[h kd ^[hceie cWb[YÂŒd Yece bWi ]hWdZ[i Y_kZWZ[iÇ$ BW 9Whc[bW [ij| kX_YWZW W + c_dkjei Z[ bW YWX[hW FWhhe# gk_Wb o (& Z[b YWdjÂŒd 8WXW$ ;ij[ h[Y_dje j_[d[ kdW fWhj_YkbWh_# ZWZ" [ij| heZ[WZW Z[ kdW pedW XWdWd[hW" WhheY[hW o cW_Y[hW$ J_[d[ d[ne Yed lWh_Wi Yeckd_# ZWZ[i0 8W]Wj[bW" @kdgk_bbe o bW c_icW fWhhegk_W 7djed_e Ie# jecWoeh$ Bei bkd[i [b fk[Xbe j_[d[ \[h_W" bb[]Wd Yec[hY_Wdj[i
Z[ bW i_[hhW o YeijW o feh jWb" [b dk[le cWb[YÂŒd i[h| [b fh_dY_fWb WjhWYj_le jkh‡ij_Ye$ I[]kdZW L[hW" fh[i_Z[dj[ Z[b h[Y_dje bW 9Whc[bW" [nfb_YÂŒ gk[ oW [hW ^ehW gk[ i[ jec[d [d Yk[djW W bei h[Y_djei" Æ[i# jWcei i[]khe gk[ [b cWb[YÂŒd b[lWdjWh| bW Wkje[ij_cW Z[ bWi Yeckd_ZWZ[i fehgk[ i‡ [ij|d i_[dZe jecWZWi [d Yk[djWi$ <Wkije BW`[" ejhe Y_kZW# ZWde Z[b i[Yjeh" Z_`e gk[ [b cWb[YÂŒd j[dZh| Wi_[djei" bkc_dWh_Wi" `WhZ_d[i o c_hWZeh$
ÂĄ ēŊ +#!¢-ĹŠ"# #1;ĹŠ#23 1ĹŠ+(23.ĹŠ#-ĹŠÄˆÄŽĹŠ"~ 2ĹŠ#-ĹŠ1#!(-3.ĹŠ ĹŠ 1,#+ Ä“
Ĺ? Ĺ?
Ĺ?
Ĺ? ƒ Ĺ?Ä‡ÄĄÄ Ä†
§ ć 0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
-Ŋ'., 1#Ŋ .2Ŋ!1##,.2Ŋ !.-Ŋ/#1#9 Ŋ#2Ŋ +( 1#2Ŋ!4 -".Ŋ 4-Ŋ1#+.)Ŋ2(-Ŋ " ,.2Ŋ,;2Ŋ !4#1" ē ¢1"#-#2Ŋ"#Ŋ+ 2Ŋ 04#Ŋ1#!( (,.2Ģē
ĹŠ ĹŠ ĹŠ
ĹŠ
Ĺ?ĂĈĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? Ĺ? ƒ
(!#,(-(231.ĹŠ (,/1#2!(-"( +# ;b Ăˆdk[leÉ #feh bbWcWhbe Z[ Wb]kdW cWd[hW# l_Y[c_d_ijhe Z[ IWbkZ" l_[d[ eYkfWdZe [iWi c_icWi \kdY_ed[i [d Z_ij_djei f[h‡eZei0 Z[iZ[ [b W‹e '//( ZkhWdj[ [b =eX_[hde Z[ :kh|d 8Wbbƒd" bk[]e [d [b =eX_[hde Z[ FWbWY_e o ejhW l[p Yed [b =eX_[hde Z[b fh[i_Z[d# j[ 9ehh[W [d (&''$ O [i gk[ W be bWh]e Z[ l[_dj[ W‹ei" bei cWdZWjWh_ei jWdje d[eb_X[# hWb[i" Z[ Y[djhe o ieY_Wb_ijWi" Z[X[d Yedi_Z[hWhbe kd jƒYd_Ye _cfh[iY_dZ_Xb[ e gk[ bei fbWd[i" fhe]hWcWi" c[jWi" eX`[j_lei o h[ikbjWZei gk[ Wfb_YÂŒ o eXjkle [d cWj[h_W iW# d_jWh_W" h[Wbc[dj[ YWcX_Whed dk[ijhW feXh[ iWbkZ f‘Xb_YW [YkWjeh_WdW" gk[ [d h[Yede# Y_c_[dje W Z_Y^W ][ij_ÂŒd be decXhWd i_ij[c|j_YWc[dj[$ :[ d_d]kdW cWd[hW fh[j[dZe Z[ic[h[Y[h bei cƒh_jei WYWZƒ# c_Yei Z[b cƒZ_Ye ^[cWjÂŒbe]e dk[lWc[dj[ fei[i_edWZe Z[ IkXi[Yh[jWh_e" Yece [if[Y_W# b_ijW [d [d\[hc[ZWZ[i Z[ bW iWd]h[ c[h[Y[ h[if[je o Yed# i_Z[hWY_ÂŒd" f[he de [dj_[dZe fehgkƒ i[ f[hi_ij[ [d fh[\[h_h kd Yb‡d_Ye [d bk]Wh Z[ kd jƒYd_Ye fbWd_Ă’YWZeh iWbkXh_i# jW [d \kdY_ed[i jWd [ijhWjƒ]_# YWi" ckY^e f[eh YkWdZe [i[ c_d_ij[h_e [ij| [d c[Z_e Z[ kd bWh]e YWei Z[ _d[Ă’Y_[dY_W o YehhkfY_ÂŒd$ De i[h‡W hWhe gk[ Yece Wif_hW [b cel_c_[dje Z[b i[‹eh fh[# i_Z[dj[ W ]eX[hdWh bei fhÂŒn_# cei )&& W‹ei" j[d]Wcei l_# Y[c_d_ijhe Z[ IWbkZ fWhW hWje" f[he _]kWb" Yedj_dkWh[cei i_d d_d]kdW feb‡j_YW f‘Xb_YW i[h_W o Ye^[h[dj[ [d iWbkZ" c[dei Yed [nf[hjei gk[ bW \ehckb[d$ Feb_j_gk[h‡W" Yb_[dj[b_ice" efehjkd_ice" fWhj_ZeYhWY_W" Z[cW]e]_W o Wcd[i_W iWd_jW# h_Wi [d ik c|n_cW [nfh[i_ÂŒd e i_cfb[ Wki[dY_W Z[ f[hĂ’b[i jƒYd_Yei" \WYjeh[i gk[ i_]k[d feij[h]WdZe bW [gk_ZWZ" bW ieb_ZWh_ZWZ o bW `kij_Y_W ieY_Wb [d iWbkZ$ ĹŠ 1ēŊ +.ĹŠ 904(#1".ĹŠ (-.2 Ä“ ēŊćĊććÄ?ČĉÄ?Ä?ĹĎ
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#+_$.-.ĹŠÄ¸Äƒ).ĚėŊ"(1#!!(¢-ĹŠ".,(!(+( 1( ĹŠ .ĹŠ"#ĹŠ31 ).ĹŠ8ĹŠ!.11#.ĹŠ#+#!31¢-(!.Ä“
Ĺ‹ KdW XebW Z[ d_[l[ h[ikbjÂŒ bW _dZ[cd_pWY_ÂŒd fbWdj[WZW feh [b Fh[i_Z[dj[ Z[ bW H[f‘Xb_YW [d YedjhW Z[ kd 8WdYe$ KdW `k[pW j_cehWjW b[ YedY[Z_ÂŒ kdW _dZ[cd_pWY_ÂŒd gk[ \k[ Zkfb_YWZW ][d[heiWc[dj[ feh kdW 9ehj[" W bW gk[ Yed# Ykhh_ÂŒ [b Z[cWdZWdj[ [dl[ij_Ze Z[ ik YWb_ZWZ Z[ fh_c[h cWdZWjWh_e Yed ]hWd fWhj[ Z[ ik ]WX_d[j[$ ;ije de j_[d[ dWZW Z[ fh_lWZe d_ [i kdW ^Wc# Xkh]k[iW$ Kd |]_b o i[hl_Y_Wb :_h[Yjeh Z[b IH? Z_YjWc_dÂŒ gk[ [ijW _dZ[cd_pWY_ÂŒd de cej_# lWXW [b fW]e Wb _cfk[ije W bW h[djW" f[i[ W gk[ bWi [ned[hWY_ed[i jh_XkjWh_Wi iebe fheY[Z[d YkWdZe YedijWd [nfh[iWc[dj[ [d bW b[o$ BW i[cWdW fWiWZW i[ ^_pe f‘Xb_Ye kd Z[fÂŒi_je Z[ c|i Z[ jh[iY_[djei c_b ZÂŒbWh[i [d kd 8WdYe Z[ 7b[cWd_W" i[]‘d [b IH? e 8ƒb]_YW i[]‘d [b X[d[# \_Y_Wh_e$ ;ije" Z[iZ[ [b fkdje Z[ l_ijW e\_Y_Wb" i_[cfh[ \k[ Yh_j_YWXb[ o cej_le Z[ ce\W f‘Xb_YW
^ĹŠ ĹŠ
ĹŠ
)'* ( #)Ĺ‹ Ĺ‹ / ( Ĺ‹'), &Ĺ‹ BW cW]d_\_Y[dY_W Z[b ^ecXh[ [d ik fh_c[hW iWX_Zkh‡W [i ÆJ[c[hb[ W :_eiÇ" Efj_c_pWdZe dk[ijhe YecfWhj_c_[dje ^kcWde dei h[i# f[jWh[cei bei kdei W bei ejhei" ÆiWXh[cei f[hZedWhÇ" dei Yed# Zk[b[ [b Zebeh o [b h[if[je W`[de1 gk[ [i bW fWp$ ;cf[pWcei Yed [b c|i [i[dY_Wb o [if[Y_\_Ye ÆiWbkZWh Yed YWh_‹eÇ h[if[jWdZe o eX[Z[# Y_[dZe Wb fhÂŒ`_ce" fWhW Wbb‡" [n_]_h feijkhW cehWb o khXWd_ZWZ Æh[[c# fbWpWh[cei bei cWbei ^|X_jei feh Xk[dWi YeijkcXh[i$ 7ikc_[dZe [b heb Z[ Xk[dWi cWd[hWi$ Dei
[d YedjhW Z[ XWdgk[hei o [cfh[iWh_ei" o ^WY[h be c_ice [i kdW ]hWl[ [gk_leYWY_Œd feb‡j_YW$ Kd \kdY_edWh_e f‘Xb_Ye" f[eh W‘d kd Fh[i_Z[dj[ [d [b [`[hY_Y_e Z[ iki \kdY_ed[i" h[dkdY_W j|Y_jWc[dj[ W Y_[hjei Z[h[Y^ei o iki WYjei Z[`Wd Z[ i[h fh_lWZei YkWdZe Z[cWdZŒ Yece Fh[i_Z[dj[ o i[ YedjhWfed[ [if[Y_Wb# c[dj[ YkWdZe i[ f_Z[ e [n_][ W bei Y_kZWZWdei Yeckd[i kd YecfehjWc_[dje fWjh_ejW gk[ [b fh_c[h kd]_Ze de be ^WY[$ BW ZeYjh_dW _dj[hdWY_edWb [i [nfb‡Y_jW o Wcfb_W o Wkdgk[ fWh[pYW _dYh[‡Xb[ [d [b ;YkWZeh bW l_ZW ‡dj_cW" f[hiedWb e \Wc_b_Wh Z[ bei \kdY_edWh_ei f‘Xb_Yei W‘d de [i jhWjWZW feh bei c[Z_ei Z[ Yeckd_YWY_Œd Yece eYkhh[ [d jeZe bei fW‡i[i Z[ceYh|j_Yei Z[b ckdZe$ ;b gk[ gk_[hW j[d[h l_ZW fh_lWZW gk[ i[ Z[Z_gk[ W WYj_l_ZWZ[i fh_lWZWi o de fh[j[dZW ZkWb_ZWZ[i i[]‘d bWi Yedl[d_[dY_Wi$
bb[lWh[cei X_[d" _dj[hWYY_ed|d# Zedei Yed bW fhWYj_YW Z[ Xk[dei ceZWb[i" dei YedZkY[" W bWi Xk[# dWi HH$>>$ YedjhebWdZe dk[ijhei _cfkbiei" c[`ehWdZe bei cel_# c_[djei \‡i_Yei o c[djWb[i" de Wjhef[bbWh[cei W dWZ_[$ ;ijWcei Yedi_]e c_ice" Wb \h[dj[ Z[ kdW WYj_jkZ c[djWb fei_j_lW" Yed bei dk[lei YWcX_ei" Z[ kdW [nY[# b[dj[ o X_[d Z[iWhhebbWZW Æf[hie# dWb_ZWZÇ$ ÂśD_‹ei ^_`ei Z[ :_ei o Z[ c_ fWjh_W Z[Z_Ye [ijWi YebkcdWi o c_i Whj‡Ykbei Yed jeZW [b WbcW" Yed jeZW bW [ZkYWY_ÂŒd Z[ kd [ZkYWZeh YWjÂŒb_Ye" gk[ bei WcW Z[ l[hZWZ W jeZei" i_d fh_l_b[]_ei$ Hk[]e gk[ i[Wi ceZ[be Wdj[ jki i[c[`Wdj[i" gk_[he gk[ j[ Yedl_[h# jWi [d bW c|i YWhW [if[hWdpW Z[ c_ fW‡i o fWhW [bbe c_ \[hl_[dj[ Wd^[be [i gk[ X[XWi Z_]dWc[dj[ Æ;b W]kW Yh_ijWb_dW o fkhW Z[ bW cehWb" Z[ bW h[b_]_ÂŒd o Z[ bW khXWd_ZWZÇ$ BW cehWb [i bW Z_iY_fb_dW gk[ dei [di[‹W bW fhWYj_YW Z[b X_[d" fk[i
iebe Wi‡ feZ[cei i[h ^edhWZei" \[b_Y[i" Yed ckY^W iWf_[dY_W o i_d feij[h]WY_ed[i d_ feijhWY_e# d[i Y_kZWZWdWi$ ;cX[bb[Y[ jk [n_ij[dY_W Yed bW l_hjkZ" fehgk[ [bbW j[ Xh_dZW \[b_Y_ZWZ gk[ [i kd i[dj_c_[dje fkhe" e c[`eh Z_Y^e" kdW iWj_i\WYY_Œd fhe\kdZW gk[ fhel_[d[ Z[ bWi l[hj_[dj[i Z[b X_[d Yec‘d$ BW h[b_]_Œd j[ WY[hYWhW W :_ei o X_[d iWX[i gk[ [d [b b[d# ]kW`[ ^kcWde" de ^Wo fWbWXhW gk[ fk[ZW [nfh[iWh o [nj[h_eh_pWh jeZW ik ]hWdZ[pW [if_h_jkWb o Z_l_dW$ BW khXWd_ZWZ j[ ^Wh| c|i [ZkYWZe" fehgk[ i_ eXi[hlWi iki h[]bWi" j[d# Zh|i c[`eh[i WYY_ed[i" cWd[hWi" ceZWb[i" YeijkcXh[i o feh [dZ[ c[`eh[i h[ikbjWZei Yeb[Yj_lei$ ;d [ijW ^ehW YhkY_Wb gk[ ^Wo Yh_i_i Z[ lWbeh[i j[ e\h[pYe Z[ jeZe YehWpŒd" fWhW j_ d_‹e o d_‹W [YkWjeh_Wdei" Z[iZ[ [b cWdWdj_Wb Z_l_de Z[ bW [n_ij[dY_W" o Z[iZ[ [b c_ice iWd# jkWh_e Z[ iWX_Zkh‡W Z[ c_ YedY_[d# Y_W$ Be Xk[de" be fkhe o be iWde$
ĹŠ ĹŠ
ÂĄ
) ,( (. -Ĺ‹ 3ŋŋ' #)BW \Wc_b_W Z[b fh[i_Z[dj[ Z[ D_YWhW]kW lW WYkckbWdZe h_# gk[pWi Z[ kdW cWd[hW gk[ de [i kikWb$ Kd j[hY[h YWdWb Z[ j[# b[l_i_ÂŒd i[ ^W _dYehfehWZe W bW ÂŒhX_jW Z[ bei Ehj[]W Ckh_bbe gk[ jWcX_ƒd j_[d[d [d ik ^WX[h [ijW# Y_ed[i Z[ hWZ_e" WZ[c|i Z[ ejhei YkWdj_eiei X_[d[i$ Âľ:[ ZÂŒdZ[ iWb[ jWdje Z_d[he fWhW gk[ [ijei WkjeYWb_\_YWZei ieY_Wb_ijWi Z[b i_]be NN? ^W]Wd iki c_bbedWh_Wi WZgk_i_Y_ed[i5 ÂľFeh gkƒ fh[lWb[Y[ bW eXi[# i_lW j[dZ[dY_W Z[ WYWfWhWh bei c[Z_ei Z[ Yeckd_YWY_ÂŒd5 EX# l_Wc[dj[" fWhW Yedl[hj_hb[i [d _dijhkc[djei Z[ kdW feb‡j_YW Yb_[dj[b_ijW o Z[ [i[dY_W jejWb_jW# h_W" `kdje Wb eX`[j_le Z[ WYeiWh o ^WijW b_gk_ZWh W bW fh[diW b_Xh[" W bW gk[ Yedi_Z[hWd ik WZl[hiWh_W o de bW lep gk[ bei cWdZWjWh_ei i[diWjei [iYkY^Wd fWhW [dc[d# ZWh [hheh[i$ Âľ7 gkƒ i[ Z[X[ bW eXij_dWY_ÂŒd Z[ Y_[hjei YWkZ_bbei [d YedjhW Z[ bW fh[diW _dZ[f[dZ_[dj[ o fbkhWb_ijW5 Âľ7 gk[ de ^WoW le# Y[i Z_i_Z[dj[i5 Âľ7 gk[ de i[ Z[dkdY_[ _hh[]kbWh_ZWZ[i5 Âľ7 bW _dYedjhebWXb[ _dYb_dWY_ÂŒd feh [b feZ[h [j[hde" W bW kiWdpW Z[ bei ZƒifejWi XebY^[l_gk[i" Z[ bei \WiY_ijWi ^_jb[h_Wdei e Z[ bei i|jhWfWi gk[ [iYbWl_pWd W 9kXW5 Âľ7 bW cWbÂƒĂ’YW [ijhWj[]_W Z[ kdW f[hi_ij[dj[ o lkb]Wh fhefW]WdZW gk[ _cfWYjW [d ][dj[ gk[ c[h[# Y[ i[h [b[lWZW Z[ ik XW`e d_l[b [ZkYWj_le o de ^kdZ_ZW c|i Yed [b WZeYjh_dWc_[dje Z[b eZ_e o Z[b _dikbje5 ÂľI[h| bW bkY^W Z[ YbWi[i h[Ykhie h[Yec[dZWXb[ fWhW ie# bkY_edWh bei ]hWl[i fheXb[cWi j[hY[hckdZ_ijWi5 Bei cWdZWjW# h_ei gk[ Wd^[bWd [b fhe]h[ie Ye# ckd_jWh_e c_hWd [d bei c[Z_ei [b ejhe bWZe Z[ bW XWbWdpW" Xki# YWd bei [gk_b_Xh_ei d[Y[iWh_ei [d Z[ceYhWY_W" Yehh_][d bei [hheh[i gk[ ied i[‹WbWZei Yed Xk[dW \[ o jhWXW`Wd feh bW Whced‡W ieY_Wb gk[ [i bW XWi[ fWhW [b WZ[bWdje$ I_d ZkZW" bW fh[diW b_Xh[ WokZW W gk[ i[ ^W]W kd Xk[d ]eX_[hde$ $ 11(% Äž+ '.1 Ä“!.,Ä“#!
1#2("#-3#ĹŠ !(.- + ĹŠ ĹŠ } (1#!3.1 : ĹŠ "(3.1 ĹŠ #-#1 +
ĹŠ ÂĄ ĹŠ "(3.1ĹŠ #%(.- + ĹŠ "(!#-31 +ĹŠ Ä“ Ä“ (1#!!(¢-ĹŠ 4#5#".Ä–ĹŠ 5ēŊ 4-#ĹŠ 49,;-ĹŠ"#ĹŠ .13_2ĹŠĹ’ĹŠÄ?ÄˆÄˆĹŠ #+_$.-.2ĖŊĉÄ?Ä?ÄąÄ‡ÄŽÄŒÄ‡ĹŠÄľĹŠÄ‰Ä?Ä?ÄąÄ‡ÄŽÄŒÄˆ , (+Ä–ĹŠ04#5#".Äž+ '.1 Ä“!.,Ä“#! (1#!!(¢-ĹŠ '.8.Ä–ĹŠ 5Ä“ĹŠÄˆÄ‡ĹŠ"#ĹŠ %.23.ĹŠĹ’ĹŠÄ‘ÄŠÄˆĹŠ8ĹŠ +.8ĹŠ +$ 1. #+_$.-.ĖŊĉÄ?ÄŠÄąÄ?đđÄ?ĹŠ , (+Ä–ĹŠ '.8.Äž+ '.1 Ä“!.,Ä“#!  .Ä–ĹŠ ĹŠĹŠ .ēŊĎđĎđ
666ē+ '.1 ē!.,ē#! 23 Ŋ2#!!(¢-Ŋ1#/1#2#-3 Ŋ#+Ŋ/#-2 ,(#-3.Ŋ"#Ŋ+.2Ŋ#"(3.1#2ēŊ .2Ŋ#2!1(3.2Ŋ "#Ŋ+.2Ŋ!.+ .1 ".1#2Ŋ2¢+.Ŋ!.,/1.,#3#-Ŋ Ŋ242Ŋ 43.1#2Ŋ8Ŋ-.Ŋ1#Ą#) -Ŋ -#!#2 1( ,#-3#Ŋ#+Ŋ/#-2 ,(#-3.Ŋ"#+Ŋ/#1(¢"(!.ē
ŏ ĂĈŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ ŏ
Ĉ
ũ ũ ũũ ũ ũ ũũ
ũ Ėũ
ĉũĐĊďđđĐ ^ ũ ũ
) )-ŋ!,#. ,)(ĆŋĒ vŋ ŋ & ŋ0# ąŋ()ŋ ŋ& -ŋ ,)! -ē
ēũ .+.1(" 2ũ/ -! 13 2ũ!.-ũ,#-2 )#2ũ/ 1 ũ+ ũ!(4" " -~ ũ1#!.11(#1.-ũ+ 2ũ/1(-!(/ +#2ũ 5#-(" 2ũ"#ũ+ ũ41 #ēũũ
1#%¢-ũ/.1ũ#+ũ42.ũ(-"# (".ũ"#ũ#234/#ı _b Y_jWi [d bei ` l[d[i$ BW h[fh[i[djWdj[ Z[b C_# $ !(#-3#2ũ!.-%1#%¢ũ ũ)¢5#-#2ũ"#ũ3." ũ+ ũ d_ij[h_e Z[ ;ZkYWY_ d" 8eb_l_W 7bWhY d cWd_\[ij gk[ i[ _c# /1.5(-!( ēũĊćũ!.+#%(.2ũ 2(23(#1.-ē fkbiW [ijW YWcfW W Z[ _d\ehcW# ũěũ @ l[d[i Z[ Z_\[h[d#
j[i kd_ZWZ[i [ZkYWj_lWi [d bW fhel_dY_W i[ h[kd_[hed Wo[h [d bei XW`ei Z[ bW Z_h[YY_ d Z[ [ZkYWY_ d fWhW [cfh[dZ[h bW YWc_dWjW#fh[] d feh h[YehZWh# i[ [b : W ?dj[hdWY_edWb Z[ bW Bk# Y^W YedjhW [b Kie ?dZ[X_Ze o [b Jh|ÒYe ?b Y_je Z[ :he]Wi$ 9eb[]_ei Yece [b '& Z[ W]eije Z[ L_dY[i" IWdjW =[cW Z[ Gk[# l[Ze" '& Z[ W]eije Z[ CedjWble" ;c_]Z_e ;ifWhpW Z[ 8WXW^eoe" [djh[ ejhei \k[hed bei _dl_jWZei W fWhj_Y_fWh Z[ bW YWc_dWjW o Yed YWhj[b[i l_i_jWhed bW YWf_jWb Ókc_d[di[ fWhW Yh[Wh YedY_[d# Y_W [d bei ` l[d[i Wdj[ [b f[b_#
]he Z[ YW[h [d bWi ]WhhWi Z[ bW Zhe]W e YkWbgk_[h WZ_YY_ d gk[ f[h`kZ_gk[ ik X_[d[ijWh$ 9ed fWdYWhjWi [d cWde" f[# gk[ Wi b[o[dZWi o WbjWleY[i Z_Y_[dZe Èi W bW l_ZW de W bWi Zhe]WiÉ h[Yehh_[hed bW Wl[d_# ZW + Z[ @kd_e ^WijW bb[]Wh W bW [nfbWdWZW Z[b [ijWZ_e$ -ũ/(#ũ"#ũ+4!' ũ
Bk[]e \k[hed jhWibWZWZei ^WijW bWi _dijWbWY_ed[i Z[b Ye# b[]_e ;c_]Z_e ;ifWhpW fWhW fh[i[dY_Wh" [d [b WkZ_j h_kc Z[ Z_Y^W _dij_jkY_ d [b bWdpW# c_[djei Z[ bW YWcfW W feh bW fh[l[dY_ d Z[ ikijWdY_Wi
Y_ d W bW Y_kZWZWd W Yed [b Òd Z[ fh[i[djWh bei ZW ei gk[ fk[Z[d eYWi_edWh W kd i[h ^kcWde [b Yedikce Z[ YkWbgk_[h j_fe Z[ Zhe]W o ieij[d[hbW Yece l_Y_e$ -3#!#"#-3#2ũũ
BW WiWcXb[W ][d[hWb Z[ bW Eh# ]Wd_pWY_ d Z[ bWi DWY_ed[i Kd_# ZWi Z[Y_Z_ [d '/.- [ijWXb[Y[h [b Z W (, Z[ `kd_e Z[ YWZW W e Yece [b Z W _dj[hdWY_edWb Z[ bW bkY^W YedjhW [b kie _dZ[X_Ze o [b jh|ÒYe _b Y_je Z[ Zhe]Wi" Z[ WYk[hZe W bWi h[Yec[dZWY_ed[i ikh]_ZWi [d kdW Yed\[h[dY_W Z[b c_ice j[cW" YkoW \[Y^W Z[ Y[b[XhWY_ d \k[ bW [b[]_ZW fWhW [b Z W _dj[hdWY_edWb$
3.2ũ
#-#1 +#2ũ ũ -3.-#2ũ!.,.ũ 4#5#".Ĕũ 4#- ũ #Ĕũ ŗ .-3 +5.Ĕũ +#-04#Ĕũ (-!#2Ĕũ#-31#ũ.31.2Ĕũ
!.,/ 13(#1.-ũ!.-ũ+ ũ(-(!( 3(5 ũ"#+ũ (-(23#ı 1(.ũ"#ũ "4! !(¢-ē ũ -ũ+.ũ04#ũ5 ũ"#+ũ .Ĕũ#+ũ31;ă!.ũ"#ũ"1.% 2ũ ŗ#-ũ+ ũ/1.5(-!( ũ"#ũ+.2ũ ~.2ũ3 , (_-ũ%#-#1 ũ /1#.!4/ !(¢-ũ#-ũ242ũ' (3 -3#2ēũ
ũ +ũ .-2#/ũ3 , (_-ũ' ũ1# +(9 ".ũ! ,/ ı ŗ 2ũ8ũ3 ++#1#2ũ/ 1 ũ/1#5#-(1ũ#+ũ!.-24,.ũ8ũ
+.2ũ)¢5#-#2ũ"#ũ+ 2ũ(-23(34!(.-#2ũ#"4! 3(5 2ēũ
;b () Z[ \[Xh[he Z[ '//& i[ WfheX [b Fhe]hWcW CkdZ_Wb Z[ 7YY_ d YedjhW bWi Zhe]Wi _b Y_jWi o i[ Z[YbWh gk[ i[ eXi[hlWh W [b Z W _dj[hdWY_edWb Z[ bW bkY^W YedjhW [b jh|ÒYe _b Y_je Z[ Zhe]Wi Yece fWhj[ Z[ bWi WYY_ed[i fWhW ik fh[l[dY_ d o [hhWZ_YWY_ d$
#') " ŋ, # ŋ &ŋ & -., )ŋ ŋ-/-ŋ0v -
ũĉĐĊćıĈđĈ ũĉĐĊćıĈĊĊ ũĉĐĊćıďďďũũ 8ũĈćĉ ũĉĊććĉćũ8ũũ ĉĐĊĎıĐĈČ ũĉĐĊćććď
ũ Ë . #1- !(¢-ũ"#ũ .2ũ ~.2ũ ĉĐĊćıĈĊď .,(2(¢-ũ"#ũ 1;-2(3.ũ ũĉĐĊĉıđćČ
#$ 341 ũ .+~3(! ũ ũĉĐĊćıĈďĎ
#$ 341 ũ"#ũ +4"ũ ũĉĐĊćıćĒĊ #!1#3 1~ ũ"#ũ (#2%.2ũ ũĉĐĊĉĉďČ #$#-2.1~ ũ"#+ũ 4# +.ũ ũĉĐĊĎđČĈ ,2 ũ ũĉĐĊćĎĈđ #"#1~.2ũ ũĉĐĊćıĉĒĒ ũ .+(!~ ũ 4"(!( +ũ ũĉĐĊćıĎĈć .+(!~ ũ"#ũ ũ ũĉĒĈĒıĈćĈ .+(!~ ũ"#ũ .-3 +5.ũ ũĉĒĎĊıĈćĈ .+(!~ ũ"#ũ 3 1 , ũ ũĉĒČĉıĈćĈ .+(!~ ũ"#ũ 4# +.5(#).ũ ũĉĒĎČıĈćĈ .+(!~ ũ"#ũ -ũ 4 -ũũ ũĉĒĎĒıĈćĈ .+(!~ ũ"#ũ (-!#2ũ ũĉĐĒćıĉĈĉ
'.8.ũ 4#5#".ũ
ũĉĐĊćıćđĐ ũĉĐĎĊıĎćĉ
.! !'#ũ ũ 1" -#3 ũũ 4#- ũ #ũ .-3 +5.ũũ +#-04#ũ 4# +.5(#).ũ +#-!( ũ #-3 - 2ũ (-!#2ũ
ũĉĒČĐıĈĒĉ ũĉĒĈĒıĈďď ũĉĒČĉıĒČĊ ũĉĒĎĈıĐćć ũĉĎđĒıĉĒĉ ũĉĒĈĐıĈćď ĉĉĒĎČıćĊĊ ũĉĒČđıČĈđ ũĉĒĐćıĈĒĎ ũĉĐĒćČđĎ
ũ ũ
ũěũ :[X_Ze Wb Z[j[h_e#
he Z[ bei YWc_dei l[Y_dWb[i Z[ bei h[Y_djei ;b 9ebehWZe o BW Gk_djWdW" WcXei Z[ bW fWhhe# gk_W F_ceY^W" [b Ckd_Y_f_e Z[ 8WXW^eoe _d_Y_ [b Whh[]be Z[ bWi l Wi Z[ cWd[hW kh][dj[ oW gk[ feh W ei ^Wd [ijWZe [d jejWb WXWdZede$ NWl_[h : Wp" fh[i_Z[dj[ Z[ bW @kdjW FWhhe# gk_Wb" [nfh[i gk[ F_ceY^W fei[[ c|i j[hh_jeh_e gk[ [b c_ice 8WXW^eoe o feh jWb d[# Y[i_jW Z[ jeZW bW Wj[dY_ d Z[ YWc_dei l[Y_dWb[i fWhW gk[ bei YWcf[i_dei fk[ZWd iWYWh iki fheZkYjei [d feYW _dl[hdWb$
.2/(3 +ũ 13~-ũ ! 9 ũ .2/(3 +ũ"#+ũ ũ 4#1/.ũ"#ũ ., #1.2ũ ũ .+(!~ ũ"#ũ .2ũ ~.2ũ ũ 149ũ .) ũ
ũ ũũĉćũ ũĉĐũ ũ ũ
ŗũ +#,#-3#ũ 04#1(9.ũďĈĈũ8ũ! ++#ũġ Ģ ^ ũ
#' (+(3 1;-ũ! ++#2ũ#-ũ +ũ +3.ũ ēũ 2~ũ#23;ũ04#" -".ũ+ ũ ! 11#3#1 ēũ
ũěũ .-ũ4-ũ/1_23 ,.ũ"#+ũ -!.ũ"#+ũ 23 ".ũ#+ũ 4-(!(/(.ũ "#ũ '.8.ũ(-(!(¢ũ!.-ũ+.2ũ31 ).2ũ"#ũ 2$ +3 ".ũ"#ũ+ 2ũ/1(-!(/ +#2ũ ! ++#2ũ04#ũ3(#-#-ũ +! -3 1(++ ".ũ2 -(3 1(.ũ#-ũ+ ũ/ 11.04( ũ +ũ +3.ēũ
ŗũ #-#1 +ũ 1.- ũ8ũ .! $4#13#ũ ũ ũ 11(.ũ+(-".ũĵũĈ1 ũ8ũĉ" ũ! ++#ũ ŗũ
ĉ
Ĺ? ĂĈĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? Ĺ? ƒ
,#! ŋŋ . ( ,6ŋ (ŋ (. ( Ŋ ěŊ FWhW
gk[ bei l[d# jWd[di[i fk[ZWd h[Y_X_h kdW Wj[dY_ÂŒd Z[ iWbkZ [if[Y_Wb_pWZW [ijWh| [d [ijW Y_kZWZ kdW Xh_]W# ZW cƒZ_YW YkXWdW [YkWjeh_WdW IWdjW CWh‡W 9hki_Ă’iiW$ Bei i[hl_Y_ei cƒZ_Yei _dYbk# o[d YedikbjWi cƒZ_YWi [d f[# Z_Wjh‡W" ]_d[Yebe]‡W" c[Z_Y_dW _dj[hdW" e\jWbcebe]‡W Yb‡d_YW" Z[hcWjebe]‡W" [djh[ ejhei i[hl_# Y_ei Z[ c[Z_Y_dW \Wc_b_Wh$ 7Z[c|i" i[hl_Y_ei Z[ [d\[h# c[h‡W Yece d[Xkb_pWY_ed[i" _d# o[YY_ed[i" ik[hei o YkhWY_ed[i$ ;d bWXehWjeh_e Yb‡d_Ye X_ec[# jh‡W gk‡c_YW" fhk[XWi Z[ [c# XWhWpe" cWhYWZeh[i jkcehWb[i" L?>" eh_dW o ^[Y[i$ JWcX_ƒd [d eZedjebe]‡W Wi_ij_h|d bW [dZeZedY_W o fheĂ’# bWn_i$ C_[djhWi gk[ [d feZebe# ]‡W jhWjWh|d bei Yk_ZWZei ][d[# hWb[i Z[ f_[" cWb\ehcWY_ed[i" ^Wbbkn" lWb]ki" YWbbei_ZWZ[i" k‹[hei" cWiW`[i [djh[ ejhei$ BWi Wj[dY_ed[i bWi h[Wb_pWh|d [d [b fWhWd_d\e Z[ bW _]b[i_W IW# ]hWZe 9ehWpÂŒd Z[ @[i‘i" Z[iZ[ [b Z‡W (/ Z[ `kd_e ^WijW [b ' Z[ `kb_e W fWhj_h Z[ bWi &.0&&$
ēŊ -31#% Ŋ%1 34(3 ē
ēŊ .1Ŋ#7(23(1Ŋ/.!.2Ŋ+4% 1#2Ŋ / 1 Ŋ5(2(3 1Ŋ2.+.Ŋ/ 13(!(/¢Ŋ4- Ŋ 1(% " ē
ēŊ (1#!3.1ĹŠ 4-(!(/ +ĹŠ(-$.1,¢Ŋ04#ĹŠ+.2ĹŠ31 ).2ĹŠ"#ĹŠ1#/ 1 !(¢-ĹŠ2#ĹŠ5(#-#-ĹŠ1# +(9 -".ĹŠ' !#ĹŠ +%ĂŒ-ĹŠ3(#,/.Ä“
. ,( -ŋ /! -ŋ ŋ !/ ŋ-)(ŋ, * , #Ŋ1# +(9 -Ŋ31 ).2Ŋ#-Ŋ31#2Ŋ2#!3.Ĺ 1#2ēŊ Ŋ2(34 !(¢-Ŋ#-Ŋ+ Ŋ/ 11.04( Ŋ (#Ĺ 3#Ŋ"#Ŋ !34 1#Ŋ#2Ŋ,;2Ŋ!.,/+#) ē Ŋ ěŊ BW Wl[d_ZW CWdW#
X‡ IWd 9Wc_be " [b i[Yjeh ;b CWd]k_je IWd 9h_ijÂŒXWb o bW YWbb[ ,jW fWhhegk_W I_[j[ Z[ EYjkXh[ ied bei i[Yjeh[i ZedZ[ bW ;cfh[iW Z[ 7]kW FejWXb[ o 7bYWdjWh_bbWZe jhW# XW`ÂŒ ZkhWdj[ bW i[cWdW fWhW h[c[Z_Wh bei fheXb[cWi Z[ WXWij[Y_c_[dje Z[ W]kW" Wi‡ be _d\ehcÂŒ [b ][h[dj[ Z[ Z_Y^W [dj_ZWZ" DWhY_ie Oed <W" gk_[d _dZ_YÂŒ gk[ [d bei Zei fh_c[hei fkdjei Z[ bW Y_kZWZ bWi ce# b[ij_Wi feh bWi \k]Wi Z[ W]kW [ijWh‡Wd feh j[hc_dWh$ Æ>[cei l_ije bW d[Y[i_ZWZ Z[ h[fWhWh bWi \k]Wi feh bW ]hWd
h_pWY_ÂŒd d_ Z[b ckd_Y_f_e d_ Z[ bW [cfh[iW Z[ W]kW fejWXb[$ ;d bW YWbb[ I[njW bW bWXeh gk[ i[ h[Wb_pW [i c|i Yecfb[# `W" feh YkWdje [b Z_|c[jhe Z[ bW jkX[h‡W gk[ [ij| _dijWbWZe [i YWdj_ZWZ Z[ W]kW gk[ i[ [i# Z[Ă’Y_[dj[" be gk[ fheleYW gk[ jWXW Z[if[hZ_Y_WdZe" be gk[ [b W]kW de bb[]k[ [d kdW YWd# W\[YjWXW W bei ^WX_jWdj[i Z[ j_ZWZ dehcWb W bei ^e]Wh[i Z[ Z_Y^ei i[Yjeh[i fehgk[ [b i[h# gk_[d[i ^WX_jWd [d [b i[Yjeh$ l_Y_e [hW Z[Ă’Y_[dj[$ Feh [ie [ijW i[cWdW jhWXW`Wcei fWhW 4#"#-ĹŠ!.,4-(! 1 Yehh[]_h [iei fheXb[cWiÇ" Oed <W _dZ_YÂŒ gk[ bei Y_kZWZW# _dZ_YÂŒ [b \kdY_edWh_e$ dei gk[ j[d]Wd fheXb[cWi Z[ Oed <W Wfhel[Y^ÂŒ WZ[c|i WbYWdjWh_bbWZe e Yed [b i[hl_Y_e fWhW [nfb_YWh gk[ kdW Z[ bWi Z[ W]kW fejWXb[ fk[Z[d WYkZ_h YWkiWi Z[ bWi \k]Wi [i [b Wk# ^WijW bWi _dijWbWY_ed[i Z[ bW c[dje Z[ bW fh[i_ÂŒd Z[b W]kW [cfh[iW fWhW h[Wb_pWh ik gk[# feh bW YWdj_ZWZ Z[ b‡gk_Ze l_# `W" Wi‡ i[ feZh| ZWh kdW fhedjW jWb gk[ l_W`W feh bWi jkX[h‡Wi iebkY_ÂŒd$ 7Z[c|i _d\ehcÂŒ gk[ o" ieXh[ jeZe" feh be jhWXW`ei fhÂŒn_cWc[dj[ WXh_h|d kdW b‡# YbWdZ[ij_dei gk[ i[ h[Wb_pWd d[W j[b[\ÂŒd_YW fWhW gk[ bW ][d# [d bW h[Z" ZedZ[ fWhj_Y_fWd j[ fk[ZW YedjWYjWhi[ Z_h[YjW f[hiedWi gk[ ded j_[d[d Wkje# o h|f_ZWc[dj[ Yed [bbei$
'* ˜ Ĺ‹ )(., Ĺ‹ &Ĺ‹ - , '*#š( ĹŠ Ä› BW YWcfW‹W Z[ lW#
YkdWY_Œd YedjhW [b iWhWcf_Œd o bW hkX[ebW _d_Y_Œ [b fWiWZe bkd[i [d jeZWi bWi kd_ZWZ[i Z[ iWbkZ W d_l[b dWY_edWb$ Feh [bbe" bWi Xh_]WZWi Z[ PW# fejWb Dk[le l_i_jWhed bei h[i# jWkhWdj[i o ^ej[b[i f[he [d [ij[ i[Yjeh iŒbe ^Wo Yec[Zeh[i$ :[iZ[ [b cWhj[i" kdW Xh_# ]WZW h[Wb_pŒ bW YeX[hjkhW Z[i# Z[ [b h[Y_dje IWc_hWde ^WijW [b h[Y_dje Fk[hje Hec[he$ BW [d\[hc[hW Z[b ikXY[d# jhe Z[ iWbkZ" =[eYedZW 9W# cWY^e i[‹WbŒ gk[ bW lWYkdW [i Wfb_YWZW W bei fhef_[jWh_ei o [cfb[WZei Z[ beYWb[i ZedZ[ [nf[dZ[d Wb_c[djei$ 7i_c_ice" bW YWcfWdW Z[ _dckd_pWY_Œd [i Wfb_YWZW W bei d_‹ei Z[ ' W‹e [d WZ[bWdj[ i_ [i gk[ be lWd W bb[lWh W ejhe fW‡i o W bei [njhWd`[hei gk[ i[ [dYk[djhWd [d [b ;YkWZeh$ Kde Z[ bei cƒZ_Yei Z[b h[# Y_dje PWfejWb Dk[le" IWck[b 8kijWcWdj[ cWd_\[ijŒ gk[ WZ[# c|i Z[ bWi lWYkdWi [ij|d [djh[# ]WdZe Ybehe [d bei h[ijWkhWdj[i fWhW gk[ Z[i_d\[Yj[d [b W]kW o bWl[d bei kj[di_b_ei Z[ YeY_dW$
)3ŋ ), ŋ v0# ŋ (ŋ (ŋ ,&) Ŋ ŊěŊ>eo i[ Z[iWhhebbWh|
bW >ehW 9‡l_YW [d [ijW fWhhegk_W feh [ijWh fhŒn_cW W Y[b[XhWh kd Wd_l[hiWh_e c|i$ ;b WYje i[ Ykc# fb_h| [d [b Yeb[]_e IWd 9Whbei Yed bW fh[i[dY_W Z[ bWi Wkjeh_ZWZ[i YWdjedWb[i o fWhhegk_Wb[i$
ēŊ !4"#-Ŋ 43.1(" "#2ē
ŏĂĈŏ ŏ ŏ ŏŏĂĀāā
ŏ +. ŏ ŏ
Ċ
'&/*,'#Ije$:]e$
āĀ
(1#ũ242ũ$.3.2ũ#-Ė 666ē+ '.1 ē!.,ē#!
ŏ ĂĈŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ ŏ
.!'#ũ ,42(! +
ŋ - ŋ ŋ& ŋ /&./, ŋ /Ě .),# ( ŋ ($ 'v(ŋ ,,# (ŋ Ä & )ŋ ŋ )-ŋ v)-ŋ 2. (Ě -# (ŋ / 0 )ŋ*, - (. ŋ &ŋ ,/*)ŋ ŋ 6' , ŋ ŋ& ŋ .,#4ŋ /#.)Ą
4+(.ũ ~ 9Ĕũũ (!3.1ũ ' -% -ũ8ũ ",4-".ũ !'#5#11~ ē
ũ 4(2ũ ;-!'#9ũ8ũ 1,#-ũ #+;#9ē
%" +#- ũ"#ũ (5#1 ũ8ũ #!(+( ũ"#ũ .5#" ũē
1~ ũ 4%#-( ũ"#ũ .-%ũ8ũ 1+.2ũ .-%ē
4(2ũ 1 ,(++.ũ#ũ 5.-ũ ' +#-ēũ
"4 1".ũ ( .1ũ8ũ #"1.ũ 11#1 ē
¡ ũ ũ ũ ũ ũ ũ
ũ
ũ!.,/ ~ ũ 11.!#1 ũ ./#/(1ũ/.2#2(.-¢ũ ũ+ ũ -4#5 ũ"(1#!3(5 ũ+ ũ,(2, ũ04#ũ #23 ũ!.-$.1, " ũ/.1ũ .Ă1#ũ 1 5.ėũ!.,.ũ/1#2("#-3#ũ"#ũ + ũ!.,/ ~ ũ"./#/(1Ĕũ +#-" ũ ;-!'#9ėũ%#1#-3#ũ8ũ -"1 ũ +(- 2ũ2#!1#3 1( ēũ +ũ !3.ũ2#ũ ++#5¢ũ ũ! .ũ#-ũ#+ũ2 +¢-ũ"#ũ !3.2ũ"#+ũ!'($ ũ 4'.ũ".-"#ũ 2.!(.2ũ1#!( (#1.-ũ#+ũ-.,ı 1 ,(#-3.ũ"#ũ(-%1#2.ũ ũ+ ũ 2.!(#" "ēũ
+.1( ũ , 1 -.ũ8ũ Ì+ũ -3 !149ē
ƒ Ä
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?ĂĈĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
/# #)Ĺ‹ Ĺ‹ *# Ĺ‹ (0/ &.)Ĺ‹ (Ĺ‹' .# -Ĺ‹*)&v.# )BW Z[Y_i_ÂŒd Z[b Jh_XkdWb I[# j[ gk[ [ijW Z_b_][dY_W j_[d[ kd ]kdZe Z[ =WhWdj‡Wi F[dWb[i Z[ c[YWd_ice Z[ fh[i_ÂŒd feb‡j_YW F_Y^_dY^W" Wb Z[YbWhWh h[i[hlW# Z[b =eX_[hde" W jhWlƒi Z[ bei ZW bW WkZ_[dY_W Z[ `kp]Wc_[dje lWh_ei \kdY_edWh_ei o [cfb[W# Z[b [n`[\[ Z[ bW ;iYebjW B[]_i# Zei Z[ Z_\[h[dj[i _dij_jkY_ed[i bWj_lW" Yehed[b Z[ Feb_Y‡W He# Z[b ;ijWZe$ Æ7b fWh[Y[h [ij|d eXb_]WZei bWdZe JWf_W o ejhei Y_dYe kd_# \ehcWZei" [l_jÂŒ gk[ [ij[ WYje W [ijWh Wgk‡" fh[i_edWdZe o Yed `kh_iZ_YY_edWb jec[ j_dj[i fe# YbWhW _dj[dY_ÂŒd Z[ j[d[h _d`[# b‡j_Yei [d [b _dj[h_eh Z[ bW iWbW$ h[dY_W [d [b \Wbbe gk[ i[ j[d]W I_d [cXWh]e" [d bei [nj[h_eh[i gk[ ZWh bk[]e Z[ jeZWi bWi Yec# ZkhWdj[ [b fh_c[h Z‡W" i[ fkZe fWh[Y[dY_WiÇ" i[‹WbÂŒ$ eXi[hlWh bW fh[i[dY_W Z[ \kd# Y_edWh_ei Z[ =eX_[hde" Yece 1.3#23 ĹŠ/ % " [b YWdY_bb[h H_YWhZe FWj_‹e o [b BW WiWcXb[‡ijW Z[ FWY^Wa‘j_a" ]eX[hdWZeh Z[b =kWoWi" BekhZ[i J_X|d" jWc# HeX[hje 9k[he$ X_ƒd i[‹WbÂŒ gk[ [d ĹŠ BW fh[i_ÂŒd feb‡j_YW W bei [ijW Z_b_][dY_W i[ fk[# `k[Y[i Z[b Jh_XkdWb de [i# Z[ l[h fh[i_ÂŒd feb‡j_# jkle Wki[dj[ ZkhWdj[ bei 1 ĹŠ'.8ĹŠ#23;ĹŠ YW$ J_X|d Z_`e gk[ bW /1#5(23 ĹŠ+ ĹŠ2#-Äą Y_dYe Z‡Wi Z[ WkZ_[dY_W" 3#-!( ĹŠ/ 1 ĹŠ /( ĹŠ ][dj[ gk[ fhej[ijW [d ZWZe gk[ bW fh[i[dY_W Z[ 8ĹŠ.31.2ĹŠ4-($.1Äą , ".2ĹŠ"#+ŊĊćĹ ēŊ bei [nj[h_eh[i [i ][dj[ i_cfWj_pWdj[i Z[b fWhj_Ze fW]WZW$ e\_Y_Wb_ijW Cel_c_[dje Æ7^‡ [ij| kd \Wc_# F7?I" Yece jWcX_ƒd Z[ ejhWi b_Wh Z[ deiejhei gk[ [i @[\[ Fe# j[dZ[dY_Wi" \k[ YedijWdj[$ b‡j_Ye Z[ Fk`_b‡" [bbei l_[d[d W Bei i[]k_Zeh[i Z[ F7?I i[ ^WXbWh Yedc_]e [d c_ eĂ’Y_dW o _dijWbWhed \h[dj[ Wb FWbWY_e Z[ c[ Z_Y[d gk[ b[i Z_iYkbf[" f[he @kij_Y_W" Yed fWhbWdj[i" XWdZ[# [b =eX_[hde b[i lW W XejWh Z[b hWi o fWdYWhjWi" fWhW [n_]_h gk[ fk[ije o feh [ie j_[d[ gk[ _h W i[ iWdY_ed[ W bei _cfkjWZei$ ]h_jWhÇ" fkdjkWb_pÂŒ$ FWhW bW WiWcXb[‡ijW" I_bl_W BWi YWdY_ed[i fhej[ijWi gk[ h[fheZkY‡Wd i[ feZ‡W [iYkY^Wh IWb]WZe" de [n_ij[ d_d]kdW _d# Wbh[Z[Zeh Z[ jeZW bW cWdpWdW$ `[h[dY_W feb‡j_YW [d [b YWie" oW 7i‡ bei c_b_jWdj[i ]h_jWXWd gk[ gk[ [ij| [d cWdei Z[ bW `kij_# i[ iWdY_ed[ W bei Æ]ebf_ijWiÇ$ Y_W$ ÆBe gk[ ^[cei WXedWZe FWhW [b WiWcXb[‡ijW Z[b Ce# bei j[ij_]ei [i W ZWh Z[YbWhWY_e# l_c_[dje FefkbWh :[ceYh|j_Ye d[i ieXh[ bei ^[Y^ei l_l_Zei [d CF: " @eh][ ;iYWbW" [i [l_Z[d# bW 7iWcXb[WÇ" Z_`e$
)(- $)Ĺ‹ Ĺ‹ !/& #š(Ĺ‹ -Ĺ‹ &ŋĒ*/(.)Ĺ‹( /,6&!# )Ä“ 1(,#1.ĹŠ2#ĹŠ"# Äą 3(1;-ĹŠ+.2ĹŠ3(/.2ĹŠ"#ĹŠ ,#-2 )#2ĹŠ ĹŠ!.-31.Äą + 12#ĹŠ8ĹŠ"#2/4_2ĹŠ24ĹŠ !.-$.1, !(¢-Ä“ BW 9ec_i_ÂŒd EYWi_edWb Z[ 9eck# d_YWY_ÂŒd" fh[i_Z_ZW feh CWkhe 7dZ_de F7?I " Z[Y_Z_ÂŒ Z_l_Z_h [b jhWXW`e ieXh[ bW B[o Z[ 9eckd_# YWY_ÂŒd Z[ WYk[hZe W be [ijWXb[Y_Ze [d bW YedikbjW fefkbWh$ ;b _d\ehc[ fWhW i[]kdZe Z[XW# j[" Yece [ij| fbWdj[WZe" [ijWXb[Y[ gk[ [b 9edi[`e [ijƒ Yed\ehcWZe feh Zei h[fh[i[djWdj[i Z[b ;`[Yk# j_le" ' Z[b 9edi[`e Z[ ?]kWbZWZ" Z[ bWi <WYkbjWZ[i o ;iYk[bWi Z[ 9e# ckd_YWY_ÂŒd o ) Z[ bW Y_kZWZWd‡W$ 7dZ_de i[‹WbÂŒ gk[ [b 9edi[`e [i Æ[b fkdje c|i d[kh|b]_YeÇ" ik Yed\ehcWY_ÂŒd o iki Wjh_XkY_ed[i" o [nfb_YÂŒ gk[" Z[ WYk[hZe Wb _d\eh# c[" Æ^WXbWcei Z[ i_[j[ _dj[]hWd# j[i o Zei gk[ feZh‡Wd i[h Z[b ;`[# Ykj_le$ ;b WiWcXb[‡ijW" [d YkWdje W bW X‘igk[ZW Z[ Yedi[diei" W]h[# ]ÂŒ gk[ ^WXbWh Z[ bW fei_X_b_ZWZ Z[ kd iebe h[fh[i[djWdj[ Z[b ;`[Ykj_# le ÆfeZh‡W i[h kdW YedY[i_ÂŒdÇ [d [b Z[XWj[ Z[b fheo[Yje Z[ b[o$ 9WX[ h[YehZWh gk[ Ă›d][b L_# b[cW F7?I Yk[ij_edÂŒ feh gkƒ [b eh]Wd_ice de fk[Z[ YedjWh c_[cXhei Z[ _dij_jkY_ed[i Z[b ;ijWZe" Yece bW 7ieY_WY_ÂŒd Z[ Ckd_Y_fWb_ZWZ[i Z[b ;YkWZeh 7C; " 9ediehY_e Z[ 9edi[`ei Fhel_dY_Wb[i Z[b ;YkWZeh 9ed# Yef[ " B[]_ibWj_le o ;`[Ykj_le$ +ĹŠ .-2#).
9ƒiWh Cedj‘\Wh 9D: " [d ik Wd|# b_i_i Z[b _d\ehc[" Z[ZkY[ gk[ [b fheo[Yje fhefed[ bW Yh[WY_Œd Z[ kd 9edi[`e Yed YWh|Yj[h fkd_j_le" kdW
ēŊ , %#-Ŋ"#Ŋ+ Ŋ, -($#23 !(¢-Ŋ"#Ŋ/#1(."(23 2ĔŊ#-Ŋ 4(3.ĔŊ/.1Ŋ+ Ŋ+( #13 "Ŋ "#Ŋ#7/1#2(¢-ēŊ
+ĹŠ!1.-.%1 , ĹŠ04#"¢Ŋ"#ă-(". ĹŠĹŠĹŠ +ĹŠ".!4,#-3.ĹŠ04#ĹŠ%#-#1#ĹŠ+ ĹŠ .,(2(¢-ĹŠ2#1;ĹŠ/1#2#-3 ".ĹŠ ĹŠ2#%4-".ĹŠ"# 3#ĹŠ Ĺ—$1#-3#ĹŠ +ĹŠ +#-.ĹŠ"#ĹŠ+ ĹŠ 2 , +# ĹŠ !(.- +ĔŊ)4-3.ĹŠ!.-ĹŠ#+ĹŠ(-$.1,#ĹŠÄĽ -"(-.ČĔŊ/ 1 ĹŠ04#ĹŠ
+.2ĹŠ+#%(2+ ".1#2ĹŠ/1#2#-3#-ĹŠ242ĹŠ. 2#15 !(.-#2ĹŠÄƒ- +#2ĹŠ8ĹŠ#-5( 1ĹŠ#+ĹŠ 13(!4+ ".ĹŠ +ĹŠ )#!43(5.ĹŠ/ 1 ĹŠ04#ĹŠ1# +(!#ĹŠ242ĹŠ. )#!(.-#2Ä“
ĹŠ/1(,#1 ĹŠ$ 2#ĹŠ31 3 1;ĹŠ#+ĹŠ"#2 11.++.ĹŠ"#ĹŠ+ ĹŠ/1#%4-3 ĹŠÄ’ĹŠ"#ĹŠ+ ĹŠ!.-24+3 ĹŠ/./4+ 1ĔŊ !.-ĹŠ+ ĹŠ"#ă-(!(¢-ĔŊ! 3#%.1~ 2ĹŠ8ĹŠ1#%4+ !(¢-ĹŠ"#ĹŠ,#-2 )#2ĹŠ"(2!1(,(- 3.1(.2ĔŊ3(/.2ĹŠ"#ĹŠ 5(.+#-!( ĔŊ!.-3#-(".2ĹŠ2#74 +,#-3#ĹŠ#7/+~!(3.2ĔŊ1#2/.-2 (+(" "ĹŠ4+3#1(.1ĹŠ8ĹŠ .-2#).ĹŠ "#ĹŠ #%4+ !(¢-ĔŊ#-ĹŠ#2#ĹŠ.1"#-Ä“
l[hZWZ[hW ÆYec_iWh‡W Z[ c[Z_eiÇ YedY[X_ZW Yece kdW f[iWZW cW# gk_dWh‡W XkheYh|j_YW fh[i[dj[ [d jeZe [b j[hh_jeh_e dWY_edWb$ ;b b[]_ibWZeh h[YWbYW gk[ [ijW# h| fhel_ijW Z[ kd Wcfb_e cWh][d fWhW _d_Y_Wh WYY_ed[i WZc_d_i# jhWj_lWi [d YedjhW Z[ bei WYjeh[i Z[ bW Yeckd_YWY_ÂŒd o gk[ feh _dj[]hWY_ÂŒd WZ[c|i YW[h‡W [d cWdei [d cWdei Z[b ;`[Ykj_le$ :[iZ[ [b 9eb[]_e Z[ F[h_e# Z_ijWi Z[ F_Y^_dY^W" ieij_[d[d gk[ i[ Z[X[ Z[iY[djhWh bW fk]dW ieXh[ [b d‘c[he Z[ c_[cXhei o h[fh[i[djWY_ed[i [d [b 9edi[`e" o bb[]Wh W bW h[Ă“[n_ÂŒd [i[dY_Wb ieXh[ bei Yedj[d_Zei Z[ bei fhe# ]hWcWi gk[ [b fk[Xbe [YkWjeh_W#
de c_hW o [iYkY^W$ IkiWdW F_[ZhW" fh[i_Z[djW Z[b eh]Wd_ice" cWd_\[ijÂŒ gk[ fh_# c[he i[ Z[X[ Z[Ă’d_h bei Yedj[# d_Zei W h[]kbWhi[ fWhW ZWh fWie W bW Yh[WY_ÂŒd Z[b 9edi[`e o h[iWb# jÂŒ gk[ be c|i _cfehjWdj[ [i gk[ iki _dj[]hWdj[i i[Wd [nf[hjei [d [b |h[W Z[ bW Yeckd_YWY_ÂŒd$ 9ehfehWY_ÂŒd FWhj_Y_fWY_ÂŒd 9_kZWZWdW _dZ_YW gk[ [i _dZ_i# f[diWXb[ ]WhWdj_pWh bW _dZ[# f[dZ[dY_W Z[b eh]Wd_ice" fWhW [l_jWh gk[ i[W YedjhebWZe feh kd iebe i[Yjeh" Æh[[Z_jWdZe l_Y_ei Yeckd[i [d dk[ijhe i_ij[cWÇ" fWhW gk[ de [ijƒ YWfjWZe feh [b ]eX_[hde Z[ jkhde" efei_Y_ÂŒd e cWoeh‡W YeokdjkhWb$
)( /,-)ŋ ŋ #- &ąŋ (ŋ& ŋ - ŋð( &
ēŊ .41"#2Ŋ ( ;-Ŋ(-!1#/ Ŋ Ŋ #"1.Ŋ"#Ŋ+ Ŋ 149Ŋĸ ĚŊ24Ŋ/.2(!(¢-Ŋ $1#-3#Ŋ +Ŋ/1.!#2.ēŊŊ
;b YedYkhie fWhW bW i[b[YY_ÂŒd Z[b dk[le <_iYWb =[d[hWb Z[b ;ijWZe [djhÂŒ [d ik \Wi[ Ă’dWb$ ;ijW i[cWdW bei Yec_i_edWZei Z[X[h|d h[ieb# l[h" ^WijW [b c_ƒhYeb[i" i_ WZc_j[d e de bWi dk[l[ _cfk]dWY_ed[i [d YedjhW Z[ bei YWdZ_ZWjei0 7djed_e =W]b_WhZe" Ă’iYWb Z[b =kWoWi" gk_[d h[Y_X_ÂŒ i[_i eX`[Y_ed[i1 =Wbe 9^_# h_Xe]W" [cXW`WZeh Z[ ;ifW‹W" Yed kdW" Wb _]kWb gk[ ;biW Ceh[de o =bWZoi J[h|d$ KbX_e =kWZWbkf[" fh[i_Z[d# j[ Z[ bW 9ec_i_ÂŒd Z[ I[b[YY_ÂŒd gk[ bb[lW WZ[bWdj[ [ij[ fheY[ie" _d\ehcÂŒ gk[ bk[]e Z[ ^WX[h [i# YkY^WZe [b () o (* Z[ `kd_e bWi WkZ_[dY_Wi" ZedZ[ jWdje _cfk]# dWZei Yece _cfk]dWdj[i [nfk# i_[hed iki Wh]kc[djei" Wi‡ Yece h[l_iWh bWi fhk[XWi Z[ YWh]e o Z[iYWh]e" h[iebl[h|d i_ WY[fjWd e de bWi eX`[Y_ed[i$ ;b \kdY_edWh_e [nfb_YÂŒ gk[ bei
h[ikbjWZei i[h|d dej_Ă’YWZei [d Zei Z‡Wi" Æi_ bW Yec_i_ÂŒd WY[fjW bW _cfk]dWY_ÂŒd fWhW kd YWdZ_ZWje [ij[ gk[ZWh| \k[hW Z[b fheY[ieÇ" i[‹WbÂŒ$ /!!2ĹŠ!.-ĹŠ+ ĹŠĂŒ+3(, ĹŠ/ + 1
De eXijWdj[" =kWZWbkf[ c[dY_e# dÂŒ gk[ [ijW Z[Y_i_ÂŒd de i[h| Z[# Ă’d_j_lW" fk[ije gk[ [b Fb[de Z[b 9edi[`e Z[ FWhj_Y_fWY_ÂŒd 9_kZW# ZWdW o 9edjheb IeY_Wb 9fYYi fe# Zh|" [d ‘bj_cW _dijWdY_W" h[iebl[h bWi Wf[bWY_ed[i gk[ fh[i[dj[d bei _cfb_YWZei$ 7i‡" bW ‘bj_cW fWbWXhW ieXh[ i_ Wb]kde Z[ bei YkWjhe Wif_hWd# j[i W bW <_iYWb‡W i[ cWdj_[d[ e de [d [b YedYkhie j[dZh| [b 9fYYi$ JWj_WdW EhZ[‹WdW" Yedi[`[hW Z[b eh]Wd_ice" Z_`e gk[ [ijW h[iebk# Y_ÂŒd i[ jecWh| [d XWi[ W bW ZeYk# c[djWY_ÂŒd gk[ ^WoWd fh[i[djWZe bei _cfk]dWZei [ _cfk]dWdj[i$
4#5.ĹŠÄƒ2! +
.2ĹŠ,#).1ĹŠ/4-34 ".2
ĹŠ +.ĹŠ '(1( .% ĹŠ -3.-(.ĹŠ %+( 1".ĹŠ + "(2ĹŠ #1;-ĹŠ 1!.ĹŠ +".- ".ĹŠ
Ä‘Ä?ĹŠ/4-3.2ŊŇ Ä‘ÄŒĹŠ/4-3.2ŊŇ đĊŊ/4-3.2ŊŇ đĊŊ/4-3.2
ŇŊ Ŋ
ÆJeZe i[h| feh [iYh_je" deiejhei de ^Wh[cei WkZ_[dY_WiÇ" _dZ_YÂŒ$ Ikf[hWZW [ijW _dijWdY_W" bW 9ec_i_ÂŒd Z[X[h| h[c_j_h Wb Fb[# de Z[b 9fYYi [b b_ijWZe Z[ bei Wif_hWdj[i gk[ Yedj_d‘Wd [d [b YedYkhie Yed iki YWb_Ă’YWY_ed[i fWhW gk[ [b eh]Wd_ice" [d [b fbW# pe Z[ Zei Z‡Wi" Z[i_]d[ Yece <_i# YWb Z[b ;ijWZe W gk_[d ^WoW eXj[# d_Ze bW fkdjkWY_ÂŒd c|i WbjW$
) ,.)ŋ ( # .#ĆŋĒ )*, ) /* ŋ &ŋ /./,)ŋ0 .)ē
ƒ Ă
Ĺ? ĂĈĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
,#) #-. '#. ( " ,- Ĺ‹ /.) (-/, ) :[ WYk[hZe W bW FWbWXhW HejW" kdW fkXb_YWY_ÂŒd Z[ bW <kdZW# Y_ÂŒd 7dZ_dW fWhW bW EXi[hlW# Y_ÂŒd o [b ;ijkZ_e Z[ C[Z_ei <kdZWc[Z_ei i[_i Z[ YWZW '& f[h_eZ_ijWi [d ;YkWZeh h[Yede# Y_[hed ^WX[hi[ WkjeY[dikhWZe$ BW [dYk[ijW \k[ Wfb_YWZW )-( f[# h_eZ_ijWi WYj_lei [d bWi Y_kZWZ[i Z[ Gk_je '&& " =kWoWgk_b -' " CWdjW '&' " Dk[lW Be`W )& o CWY^WbW -& $ 9ƒiWh H_YWkhj[" Z_h[Yjeh Z[ <kdZWc[Z_ei" Z_`e gk[ bW Y_\hW eXj[d_ZW" gk[ [i [b[lWZW" ck[i# jhW gk[ kd ,& Z[ f[h_eZ_ijWi ^Wd Z[`WZe Z[ fkXb_YWh dejWi Z[ _dj[hƒi f‘Xb_Ye jWdje feh bWi fh[i_ed[i Z[ Wkjeh_ZWZ[i Z[ =e# X_[hde Yece feh bWi Z[ Wb]kdei fhef_[jWh_ei Z[ c[Z_ei$ FWhW H_YWkhj[ bW fh[j[di_ÂŒd Z[b ;`[Ykj_le feh YedjWh Yed kdW B[o Z[ 9eckd_YWY_ÂŒd iWdY_e# dWZehW Yedjh_Xk_h‡W W gk[ Æbei d_l[b[i Z[ WkjeY[dikhW i[ _dYh[# c[dj[d" fk[ije gk[ bei Yeck# d_YWZeh[i feh j[ceh o [l_jWhi[ fheXb[cWi Yece `k_Y_ei efjWh‡Wd feh de fkXb_YWh j[cWi i[di_Xb[i e Yecfb_YWZeiÇ$ Feh [bbe" Z_`e gk[ [i d[Y[iWh_e [b Y[i[ Z[b Z_iYkhie [ij_]cWj_# pWdj[ feh fWhj[ Z[b =eX_[hde gk[ jhW[ Yece Yedi[Yk[dY_W [b c_[# Ze W h[jWb_WY_ed[i o feh be jWdje [b i_b[dY_Wc_[dje Z[ bei i[Yjeh[i c|i Yh‡j_Yei Z[ bW ieY_[ZWZ$ Feh ik fWhj[" [b f[h_eZ_ijW o Wkjeh Z[b b_Xhe Ăˆ;b =hWd >[hcW# deÉ" 9h_ij_Wd Pkh_jW" gk_[d W\hed#
+ĹŠ/1#2("#-3#ĹŠ"#ĹŠ ĹŠ!1##ĹŠ04#ĹŠÄƒ- +Äą ,#-3#ĹŠ+ ĹŠ #8ĹŠ"#ĹŠ .,4-(! !(¢-ĹŠ04#" Äą 1;ĹŠ#-ĹŠ, -.2ĹŠ"#ĹŠ $ #+ĹŠ .11# Ä“
ēŊ ĹŠ #8ĹŠ"#ĹŠ .,4-(Äą ! !(¢-ĹŠ"# #ĹŠ /4-3 1ĹŠ ĹŠ/1.3#%#1ĹŠ +ĹŠ /#1(."(2,.ĔŊ2#%ĂŒ-ĹŠ#+ĹŠ+#%(2+ ".1ĹŠ !.ĹŠ .-! 8.Ä“
- Ŋ"#Ŋ+ 2Ŋ/1(,#1 2Ŋ +#!!(.-#2Ŋ04#Ŋ1#!( ~Ŋ $4#Ŋ-.Ŋ 43.!#-241 1Ĺ ,#ĔŊ2(#,/1#Ŋ+ Ŋ'#Ŋ/1 !3(Ĺ ! ".ĔŊ2(Ŋ +%4(#-Ŋ3(#-#Ŋ04#Ŋ 04(3 1+#Ŋ +%.Ŋĸ Ŋ242Ŋ-.3 2ĚŊ 04#Ŋ2# Ŋ24Ŋ#"(3.1Ŋ/#1.Ŋ-.Ŋ 423#"Ģē Ŋ Ĕ
ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ
jW kdW Z[cWdZW _dj[hfk[ijW feh [b fh[i_Z[dj[ HW\W[b 9ehh[W" feh '& c_bbed[i Z[ ZÂŒbWh[i" i[‹WbÂŒ gk[ f[i[ W bWi h[f[hYki_ed[i gk[ b[ jhW`e ik _dl[ij_]WY_ÂŒd de [ij| Whh[f[dj_Ze$ 43.!#-241 ĹŠ5#1242ĹŠ31 ).
FWYe CedYWoe" b[]_ibWZeh CC?D o c_[cXhe Z[ bW 9ec_# i_ÂŒd Z[ 9eckd_YWY_ÂŒd" Z_`e gk[ [d bW c[Z_ZW gk[ Yed [b fheo[Yje Z[ bW B[o Z[ 9eckd_YWY_ÂŒd ÆWk# c[dj[ fei_Xb[i \ehcWi Z[ Yed# jheb Z[iZ[ [b feZ[h feb‡j_Ye lW W _dYh[c[djWhi[ [b ‡dZ_Y[ Z[ Wk# jeY[dikhW" fehgk[ bW ][dj[ j_[d[ gk[ cWdj[d[h ik jhWXW`eÇ$ Feh [bbe" i[‹WbÂŒ gk[ Wb [`[h# Y_Y_e f[h_eZ‡ij_Ye ^Wo gk[ b_X[# hWhbe Z[ fh[i_ed[i eĂ’Y_Wb[i o Z[b feZ[h" o c|i X_[d ÆbW B[o Z[ 9e# ckd_YWY_ÂŒd Z[X[ WfkdjWh W fhe# j[][h [ijW fhe\[i_ÂŒdÇ" [d\Wj_pÂŒ$
I[]‘d HeX[hje CWdY_Wj_" fh[i_# Z[dj[ Z[ bW 7ieY_WY_ÂŒd ;YkWje# h_WdW Z[ HWZ_eZ_\ki_ÂŒd 7;H " [n_ij[d cej_lei [d [b ]h[c_e fWhW i[dj_h fh[eYkfWY_ÂŒd feh bW de fh[i[dY_W Z[b Z[b[]WZe Z[b Fh_c[h CWdZWjWh_e [d [b Z[XWj[ Z[ bW B[o Z[ 9eckd_YWY_ÂŒd [d bW 7iWcXb[W DWY_edWb$ Æ;b cec[dje gk[ ^W]W kd l[je W kdW b[o jWd Z[XWj_ZW Yece bW Z[ 9eckd_YWY_ÂŒd [i c[d[ij[h f[diWh gk[ Yed bW b[o Z[ J[b[Yeckd_YWY_ed[i ikY[Z[# h| be c_iceÇ" cWd_\[ijÂŒ [b Z_h_# ][dj[ hWZ_Wb W BW >ehW$ Ä .2ĹŠ#,/1#2 1(.2ĹŠ"#ĹŠ+.2ĹŠ,#"(.2ĹŠ "#ĹŠ!.,4-(! !(¢-ĹŠ-.ĹŠ"# #-ĹŠ3#-#1ĹŠ .31 2ĹŠ#,/1#2 2ĔŊ2#%ĂŒ-ĹŠ+ ĹŠ!.-24+3 ĹŠ /./4+ 1Ä&#x;
7 ik Z[X_Ze j_[cfe Yece 7;H fh[i[djWcei dk[ijhW _dgk_[jkZ Z_h[YjWc[dj[ Wb fhefed[dj[ Z[ bW YedikbjW fefkbWh" [d [ij[ YWie Wb Fh[i_Z[dj[ Z[ bW H[f‘Xb_YW" fWhW gk[ dei [nfb_gk[ Wb h[if[Y# je" fehgk[ bW b[]_ibWY_ÂŒd [YkWje# h_WdW de h[YedeY[ [cfh[iWi Z[ Yeckd_YWY_ÂŒd" i_de c[Z_ei Z[ Yeckd_YWY_ÂŒd$ 7Z[c|i i[ ^WXbW Z[ YWh|Yj[h dWY_edWb" o de [i Wi‡" [i Z[ Ye# X[hjkhW dWY_edWb" f[he ikY[Z[ gk[ [d [b fW‡i de ^Wo kd iebe YWdWb Z[ j[b[l_i_ÂŒd d_ kdW iebW hWZ_e Z[ YeX[hjkhW dWY_edWb$ ;i kdW fh[]kdjW gk[ i[ ^_pe i_d \kdZWc[dje$ Ä -3.-!#2ĔŊ#-ĹŠ#+ĹŠ/ ~2ĹŠ-.ĹŠ' 8ĹŠ,#Äą "(.2ĹŠ"#ĹŠ!. #1341 ĹŠ- !(.- +Ä&#x;
De [ij| YbWhe [ije$ I_ cW‹WdW Z_Y[d gk[ bei c[Z_ei Z[ Yeck# d_YWY_Œd Z[ YeX[hjkhW dWY_edWb ied bei gk[ j_[d[d feh [`[cfbe
1 Ŋ-.2.31.2ĔŊ+( #1Ĺ 3 "Ŋ"#Ŋ#7/1#2(¢-Ŋ-.Ŋ 2.+.Ŋ#2Ŋ+.Ŋ04#Ŋ#+Ŋ,#"(.Ŋ 8Ŋ#+Ŋ/#1(."(23 Ŋ/4 +(! -ĔŊ 2(-.Ŋ+.Ŋ04#Ŋ+ Ŋ%#-3#Ŋ-#!#2(Ĺ 3 Ŋ!.-.!#1Ģē
'- h[f[j_ZehWi Yece [i [b YWie ĹŠ ĔŊ Z[ hWZ_e IedehWcW" ik ][h[dj[ ĹŠ ĹŠ ĹŠ fkZ_[hW Z[Y_h gk[ lW W h[l[hj_h kdW e Zei h[f[j_ZehWi Wb ;ijWZe" XkiYWh kdW iebkY_ÂŒd [d kX_YW# fWhW WXWdZedWh [b c[cXh[j[ Z[ Y_ÂŒd Z[ bWi h[f[j_ZehWi o [ijW# YWh|Yj[h dWY_edWb$ Y_ed[i cWjh_Y[i" bei _d\ehc[i Z[ bW Ikf[h_dj[dZ[dY_W Z[ J[b[# Ä +ĹŠ#2/#!31.ĹŠ1 "(.#+_!31(!.ĹŠ#2ĹŠ+.ĹŠ Yeckd_YWY_ed[i ieXh[ [b WlWdY[ [d bW WYjkWb_pWY_ÂŒd Z[ bW Fej[d# 04#ĹŠ,;2ĹŠ+#2ĹŠ/1#.!4/ Ä&#x; De" jeZW bW B[o [d ik Yed`kd# Y_W ;\[Yj_lW HWZ_Wb F;H " [b b_i# je$ I[ ^WXbW Z[ gk[ )) Z[ bWi jWZe Z[ YedY[i_ed[i f[dZ_[dj[i \h[Yk[dY_Wi [i fWhW bWi fh_lW# Z[ ejeh]Whi[ o [b jhWje _]kWb_jW# ZWi" )) fWhW bWi f‘Xb_YWi o h_e Yed bei i_ij[cWi Z[ hWZ_e o )) fWhW bWi Yeckd_jWh_Wi$ ;d j[b[l_i_ÂŒd Z[b ;ijWZe$ [b YWie Z[ bei c[Z_ei f‘Xb_Yei ^WXh| gk[ l[h gkƒ fWiW Yed =W# Ä .1ĹŠ 04_ĹŠ ĹŠ -.ĹŠ ' ĹŠ #-31 ".ĹŠ #-ĹŠ cWjl o J9 J[b[l_i_ÂŒd$ IeXh[ bei /4%- ĹŠ!.-ĹŠ#+ĹŠ 1#2("#-3#ĔŊ ! 2.ĹŠ#2ĹŠ c[Z_ei fh_lWZei Z[Xe Z[Y_h gk[ 4-ĹŠ%1#,(.ĹŠ%. (#1-(23 Ä&#x; ckY^Wi WjhWl_[iWd feh ]hWl[i D_ be kde d_ be ejhe$ Oe Yh[e gk[ Yh_i_i [YedÂŒc_YWi" fk[i j[d]e bWij_ceiWc[dj[ [b Fh[i_Z[dj[ [dj[dZ_Ze gk[ [b [n9edWhj[b ^W j_[d[ fƒi_cei Wi[ieh[i [d c[# h[j_hWZe Y[hYW Z[ /& \h[Yk[dY_Wi Z_ei Z[ Yeckd_YWY_ÂŒd$ Be ‘d_Ye [d [b fW‡i" ckY^Wi Z[ bWi YkWb[i gk[ i[ ^W ^[Y^e [i Z_ijWdY_Wh Wb Z[ cWd[hW b[]Wb" f[he ^Wo Wb =eX_[hde o W bei c[Z_ei" ZedZ[ c[dei kdei (. YWiei [d \ehcW bei Z[dec_dWZei Y^_Yei e h[]_e# lebkdjWh_W$ dWb[i i[ ^Wd l_ije jWcX_ƒd W\[Y# jWZei feh [ijW fk]dW$ 9ece ]h[c_e de [ijWcei W Ä Â˘,.ĹŠ"# #ĹŠ#23 1ĹŠ!.-$.1, ".ĹŠ4-ĹŠ !.-2#).ĹŠ"#ĹŠ1#%4+ !(¢-ĹŠ"#ĹŠ,#"(.2Ä&#x; \Wleh d_ [d YedjhW Z[b =eX_[hde" ;ijWcei Z[ WYk[hZe Yed gk[ jWcfeYe ikc_iei$ 7feoWcei de fWhj_Y_f[d d_ bei c[Z_ei Z[ [ie i‡ bW b_X[hjWZ Z[ [nfh[i_ÂŒd Yeckd_YWY_ÂŒd d_ bei Z[b[]WZei X_[d [dj[dZ_ZW$ Z[b ;ijWZe" fWhW gk[ i[ ][d[h[ kd [gk_b_Xh_e Z[ceYh|j_Ye$ 9h[e Ä .2ĹŠ%1#,(.2ĹŠ"# #-ĹŠ /.13 1ĹŠ,;2ĹŠ gk[ Z[X[d _dj[]hWhi[ Z[b[]WZei "#!("(" ,#-3#ĹŠ#-ĹŠ+ ĹŠ#+ .1 !(¢-ĹŠ Y_kZWZWdei$ "#ĹŠ#23 ĹŠ+#8Ä&#x; >[cei fWhj_Y_fWZe Yed`kdjW# Ä -ĹŠ3#-(".ĹŠ +%ĂŒ-ĹŠ !#1! ,(#-3.ĹŠ c[dj[ Yed ejhWi eh]Wd_pWY_ed[i !.-ĹŠ#+ĹŠ . (#1-.ĹŠ/ 1 ĹŠ31 3 1ĹŠ#23.2ĹŠ [d bW 9ec_i_ÂŒd EYWi_edWb Z[ bW B[o Z[ 9eckd_YWY_ÂŒd" dei ^Wd 3#, 2Ä&#x; F[hcWd[dj[c[dj[ ^[cei jhW# [iYkY^WZe" dei ^Wd Xh_dZWZe jWZe Z[ ^WXbWh Yed [b c_d_ijhe kd YW\[Y_je" f[he Yh[[cei gk[ [b Z[ J[b[Yeckd_YWY_ed[i" @W_c[ Z[XWj[ Z[X[h i[h _dYbki_le$ >Wo =k[hh[he" fWhW jhWjWh Yed ƒb Wb gk[ f[diWh [d [b \kjkhe Z[b fW‡i" c[dei Z_[p j[cWi gk[ dei fh[# de iebe [d YkWjhe W‹ei gk[ ZkhW eYkfW Yece 7;H$ Feh [`[cfbe kd ]eX_[hde$
),, ŋ )( # #)( ŋ, .#, , ' ( ŋ )(., ŋ &ŋ (#0 ,-) Ŋš ;b fh[i_Z[dj[ HW\W[b 9ehh[W
Z[iYWhjÂŒ h[j_hWh kdW Z[cWdZW YedjhW ;b Kd_l[hie c_[djhWi [ij[ Z_Wh_e de Æh[Yj_Ă’gk[Ç be gk[ [b cWdZWjWh_e Yedi_Z[hW kdW _d`k# h_W [d ik YedjhW" i[]‘d kdW YWhjW [dl_WZW W bW 7ieY_WY_ÂŒd CkdZ_Wb Z[ F[h_ÂŒZ_Yei o ;Z_jeh[i Z[ Dej_# Y_Wi MWd ?\hW $ ÆFWhW gk[ [iW Z[cWdZW gk[# Z[ WdkbWZW" iebe XWijW gk[ bei f[h_eZ_ijWi o Z_h[Yj_lei Z[b c[# Z_e h[YedepYWd gk[ \WbjWhed W bW l[hZWZÇ" i[‹WbW bW c_i_lW" [dl_W# ZW feh [b i[Yh[jWh_e c_d_ijhe Z[ 9eckd_YWY_ÂŒd" <[hdWdZe 7blW# hWZe" Z_lkb]WZW Wo[h$ ;b / Z[ `kd_e" MWd ?\hW f_Z_ÂŒ W 9ehh[W h[j_hWh bW gk[h[bbW [d bW gk[ [b Fh[i_Z[dj[ h[YbWcW kdW _dZ[cd_pWY_ÂŒd Z[ .& c_bbed[i Z[ ZÂŒbWh[i o jh[i W‹ei Z[ Y|hY[b fWhW [b Z_h[Yjeh" Zei ikXZ_h[Yje# h[i o [b [Z_jeh Z[ ef_d_ÂŒd Z[ ;b
Kd_l[hie" ;c_b_e FWbWY_e$ BW Z[cWdZW \k[ fh[i[djWZW [b (' Z[ cWhpe W hW‡p Z[ kdW Yebkc# dW [d gk[ FWbWY_e bbWcÂŒ ÆZ_YjW# ZehÇ Wb cWdZWjWh_e ieY_Wb_ijW o be WYkiÂŒ Z[ ^WX[h ehZ[dWZe WjWYWh kd ^eif_jWb ZkhWdj[ kdW h[X[b_ÂŒd feb_Y_Wb [b fWiWZe )& Z[ i[fj_[cXh[$ 7blWhWZe Wi[]khÂŒ gk[ bW YWk# iW `kZ_Y_Wb _d_Y_WZW feh 9ehh[W de [i feh ÆZ[iWYWjeÇ" Yece i[]‘d ƒb fbWdj[W MWd ?\hW" i_de feh Æ_d`k# h_WÇ$ MWd ?\hW" Yed i[Z[i [d 7b[cW# d_W o <hWdY_W" h[fh[i[djW W kdWi '.$&&& fkXb_YWY_ed[i" '+$&&& f|]_dWi m[X o kdWi )$&&& [c# fh[iWi [d '(& fW‡i[i$ 7 c[Z_WZei Z[ `kd_e" bW Z[# \[diW Z[ ;b Kd_l[hie ieb_Y_jÂŒ WdkbWh [b fheY[ie WZkY_[dZe gk[ [b jh_XkdWb W YWh]e de j_[d[ Yec# f[j[dY_W [d [b YWie$
ēŊ . #13.Ŋ -!( 3(ŊŊ./(- Ŋ04#Ŋ#+Ŋ -;+(2(2Ŋ"# #Ŋ/1.8#!3 12#Ŋ' !( Ŋ#+Ŋ$4341.ĔŊ2(-Ŋ/#-2 1Ŋ2.+.Ŋ#-Ŋ1#-3 2Ŋ/.+~3(! 2ē
ƒ
,) & ' #š(ŋ ŋ, -/&. )-ŋ )(.#(Ä *& 46( )-
} ēŊ ĹŠ ,/+( !(¢-ĹŠ"#ĹŠ+ ĹŠ9.- ĹŠ"#ĹŠ !!#2.ĹŠ ĹŠ !4 ".1ĔŊ"#2"#ĹŠ .+., ( ĔŊ#-ĹŠ 1!'(ĔŊ#23;ĹŠ ĂŒ-ĹŠ#-ĹŠ/1.8#!3.ēŊ
!#-& .#0)Ĺ‹., $ Ĺ‹ (Ĺ‹ - ,,)&&)Ĺ‹ ,)(. ,#4)
.2ĹŠ!.,(2(.- ".2ĹŠ' -ĹŠ1#!( (".ĹŠ5 1( 2ĹŠ #ĹŠ$.1,4+ . 2#15 !(.-#2ĹŠ +ĹŠ/1.8#!3.ĹŠ"#ĹŠ+#8ĹŠ"#ĹŠ+.2ĹŠ 24%#1#-!( 2 ,(-(23#1(.2ĹŠ8ĹŠ9.- 2ĹŠ$1.-3#1(9 2Ä“ Ĺ—ĹŠĹŠ (#%.ĹŠ 4+#23( ĔŊ%#1#-3#ĹŠ%#-#1 +ĹŠ BW 9ec_i_ÂŒd Z[ =eX_[hdei +ĹŠ 13(!4+ ". "#+ĹŠ -!.ĹŠ"#+ĹŠ 23 ".ĔŊ24%(1(¢Ŋ+ ĹŠ 7kjÂŒdecei" fh[i_Z_ZW feh L_h]_b_e >[hd|dZ[p F7?I " i[ [dYk[djhW [bWXehWdZe [b _d\eh# c[ fWhW i[]kdZe Z[XWj[ Z[b fheo[Yje Z[ B[o Z[ :[iWhhebbe <hedj[h_pe$ ;b fheo[Yje h[Ye][ [b ZeYk# c[dje fh[i[djWZe feh D‡l[W Lƒb[p C?D " fWhW fhecel[h kdW YkbjkhW Z[ fWp o [b Z[iW# hhebbe ieY_e[YedÂŒc_Ye [d bei YWdjed[i \hedj[h_pei" o [b Z[ Z[ _d_Y_Wj_lW Z[ bei eĂ’Y_Wb_i# jWi 9Whbei L[bWiYe" PeX[_ZW =kZ_‹e o @eiƒ F_Ye_jW" fWhW [b Z[iWhhebbe Z[ bei YWdjed[i \hedj[h_pei$ ;b Whj_YkbWZe XkiYW \eh# jWb[Y[h [b Z[iWhhebbe Z[ bWi pedWi Z[ \hedj[hW" [if[Y_Wb# c[dj[ [d bei YWcfei ieY_Wb" jkh‡ij_Ye" W]h‡YebW" Yec[hY_Wb [ _dZkijh_Wb" _dYehfehWdZe Z_ifei_Y_ed[i gk[ Wi[]k# h[d bW Z_ifed_X_b_ZWZ Z[ bWi Wi_]dWY_ed[i fh[l_ijWi [d bW 9edij_jkY_ÂŒd o [b 9ÂŒZ_]e Eh]|d_Ye Z[ Eh]Wd_pWY_ÂŒd J[hh_jeh_Wb 9eejWZ $
I[]‘d [b fheo[Yje" i[h| eXb_]W# Y_ÂŒd Z[b =eX_[hde Z[Ă’d_h" \ehck# bWh o WfheXWh feb‡j_YWi f‘Xb_YWi W \Wleh Z[ bei YWdjed[i \hedj[h_pei gk[ Z[X[h|d YedijWh [d [b FbWd DWY_edWb Z[ :[iWhhebbe$ 7i_c_ice" h[]kbW [b hƒ]_# c[d Z[ Wj[dY_ÂŒd fh[\[h[dY_Wb fWhW bei YWdjed[i o fWhhegk_Wi gk[ i[ [dYk[djh[d" jejWb e fWh# Y_Wbc[dj[" Z[djhe Z[ bW \hWd`W Z[ *& a_bÂŒc[jhei" Z[iZ[ bW b‡# d[W Z[ \hedj[hW$ KdW Z[ bWi Z_ifei_Y_ed[i jhWdi_jeh_Wi [ijWXb[Y[ gk[" [d [b fbWpe Z[ kd W‹e Z[ fkXb_YWZW bW b[o" bW [dj_ZWZ h[ifediWXb[ Z[ j[b[Yeckd_YWY_ed[i _cfb[# c[dj[ [b i[hl_Y_e Z[ j[b[\ed‡W \_`W o cÂŒl_b [d bei YWdjed[i \hedj[h_pei$
.2ĹŠ/1. +#, 2
:[iZ[ bW IkXi[Yh[jWh‡W Z[ H[\eh# cW :[ceYh|j_YW Z[b ;ijWZe Z[ bW I[dfbWZ[i" 7dW CWh‡W BWhh[W [nfb_YÂŒ gk[ [n_ij[d ( Z_Ă’YkbjW# Z[i Yed [b j[nje" be gk[ i[h‡W [i# jWXb[Y[h kdW feb‡j_YW f‘Xb_YW" [i
(-!+42(¢-ĹŠ"#+ĹŠ /.13#ĹŠ04#ĹŠ"# #1~ -ĹŠ 1# +(9 1ĹŠ+.2ĹŠ%. (#1-.2ĹŠ/1.5(-!( +#2ĔŊ ,4-(!(/(.2ĹŠ8ĹŠ)4-3 2ĹŠ/ 11.04( +#2ĔŊ (-!.1/.1 1ĹŠ !3(5(" "#2ĹŠ41 - 2ĹŠ8ĹŠ "#2 11.++.ĹŠ"#ĹŠ+ ĹŠ(-$1 #2314!341 ĹŠ/ 1 ĹŠ 2#15(!(.2ĹŠ/ĂŒ +(!.2Ä“ 41(!(.ĹŠ 1.  .ĔŊ5(!#,(-(231.ĹŠ "#ĹŠ %1(!4+341 ĔŊ8ĹŠ (#%.ĹŠ #+ 23#%4~ĔŊ %#1#-3#ĹŠ"#ĹŠ+ ĹŠ -(" "ĹŠ"#ĹŠ #%41.ĹŠ %1~Äą !.+ Ŋĸ -(2 ĚĔŊ24%(1(#1.-ĹŠ+ ĹŠ-#!#2(" "ĹŠ "#ĹŠ4-ĹŠ2#%41.ĹŠ"#ĹŠ/1.3#!!(¢-ĹŠ %1~!.+ ĹŠ . +(% 3.1(.ĔŊ 2~ĹŠ!.,.ĹŠ+ ĹŠ(,/.13 -!( ĹŠ "#+ĹŠ !!#2.ĹŠ ĹŠ+ ĹŠ3(#11 ĹŠ8ĹŠ +ĹŠ %4 ĔŊ!.-2(Äą "#1 -".ĹŠ04#ĹŠ#+ĹŠÄ‘Ä‡Ĺ˜ĹŠ"#ĹŠ+ 2ĹŠ3(#11 2ĹŠ#-ĹŠ #+ĹŠ/ ~2ĹŠ#23;-ĹŠ#-ĹŠ/.! 2ĹŠ, -.2Ä“
Z[Y_h Z[YbWhWh feh b[o bW _]kWbZWZ" o fbWdj[Wh fhe]hWcWi Yed fh[ik# fk[ije [if[Y‡ÒYe" be gk[ fk[Z[ YW[h [d kdW Ăˆfh[Wi_]dWY_ÂŒdÉ$ BW Wi_c[jh‡W h[YW[ [d gk[ kd fheo[Yje Z[ b[o de fk[Z[ Wi[]k# hWh kdW Wi_]dWY_ÂŒd Z[ h[Ykhiei oW gk[" i[]‘d bW 9edij_jkY_ÂŒd" [bbe b[ Yehh[ifedZ[ Wb =eX_[hde 9[djhWb" f[he ikXhWoÂŒ gk[ [ij| Z[ WYk[hZe [d gk[ [n_ijWd feb‡# j_YWi Z_\[h[dY_WZWi fWhW bWi fhe# l_dY_Wi \hedj[h_pWi$
Ĺ? ĂĈĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
ă
WYkZ_[hed iebe fWhW jhWjWh [ij[ ;b 9edi[`e DWY_edWb ;b[YjehWb j[cW [d bW deY^[" h[iebl_[hed 9D; j_[d[ f[dZ_[dj[ [b Wd|b_i_i _dWZc_j_h [b f[Z_Ze Z[b Fh_Wd$ Z[ bW _cfk]dWY_ÂŒd W bei h[ikbjW# Zei Z[ bW YedikbjW fefkbWh Z[b 42.ĹŠ"#ĹŠ /#+ !(.-#2 - Z[ cWoe" gk[ \k[ fh[i[djWZW I_ced c[dY_edÂŒ gk[ bWi Wf[bW# CWhYei CWhj‡d[p" Z[ H[Z xj_YW Y_ed[i Æck[ijhWd [b |d_ce Z[ o :[ceYhWY_W" gk_[d ^WijW Wo[h Z_bWjWh [b fheY[ie" i[ Z[X[h‡W fe# Z[X‡W b[]_j_cWh ik h[fh[i[djW# d[h Yeijei fheY[iWb[i $$$ ^[cei jhWXW`WZe [d i|XWZe" j[d[cei Y_ÂŒd Z[b cel_c_[dje$ ;d jWdje" bW Z[i[ij_cWY_ÂŒd Z[ ][dj[ Z[b 9D; jhWXW`WdZe [d bW bW Wf[bWY_ÂŒd Z[b FWhj_Ze H[delW# deY^[" [ie _cfb_YW fW]e Z[ ^e# Zeh ?dij_jkY_edWb DWY_edWb hWi [njhWi" [ie h[Wbc[dj[ Fh_Wd " i[ ikcÂŒ W bW Z[b [b [i kd WXkieÇ" [d\Wj_pÂŒ$ l[[Zeh HW‘b FheW‹e" Z[i# 9WcWY^e jWcX_ƒd Yh_# } ĹŠ fkƒi gk[ i[ h[_dijWbÂŒ [b ' -ĹŠ31 -2!411(".ĹŠ j_YÂŒ gk[ bei ik`[jei feb‡# i|XWZe fWiWZe W bWi '/0)& "#2"#ĹŠ04#ĹŠ$(- +(Äą j_Yei [ijƒd ^WY_[dZe Ækd 9¢Ŋ#+ĹŠ#2!143(-(.Ä“ [b Fb[de Z[b 9D;$ WXkieÇ Z[ [ij[ h[Ykhie 7i‡" i_d bW fh[i[dY_W Yedj[cfbWZe [d [b 9ÂŒZ_]e Z[ bW Yedi[`[hW CWhY_W 9W_Y[Ze" Z[ bW :[ceYhWY_W" ÆW \kjkhe j[d# gk_[d [d bW fh_c[hW i[i_ÂŒd f_Z_ÂŒ Zh| gk[ h[\ehcWhi[ bW dehcW" gk[ i[ Wcfb_ƒ [b _d\ehc[ `kh‡Z_# fWhW _cf[Z_h gk[ [ije i_]W ik# Ye gk[ h[Yec[dZWXW de WY[fjWh Y[Z_[dZeÇ" fk[ije gk[ Wi[]khÂŒ bW _cfk]dWY_ÂŒd1 EcWh I_ced" gk[ [ij|d YWi_ feh Ykcfb_h ,& fh[i_Z[dj[ Z[b 9D;" <Wkije 9W# Z‡Wi Z[iZ[ gk[ i[ h[Wb_pÂŒ [b fb[# cWY^e" Wi‡ Yece 9Whbei 9ehj[p X_iY_je o W‘d de i[ eĂ’Y_Wb_pWd bei o CWdk[bW 9eXWYWd]e" gk_[d[i h[ikbjWZei$
ÄŠÄ’ĹŠ
)(.,)& )Ĺ‹ ,, ' Ĺ‹ Ĺ‹ #Z- &Ĺ‹ (Ĺ‹ &6* !) ĔŊ ĹŠ ĹŠÄ› :[ifkƒi Z[ Y_dYe
Z‡Wi gk[ i[ fheZk`[hW [b Z[hhWc[ Z[ -&& ]Wbed[i Z[ Z_ƒi[b [d bW XW^‡W 7YWZ[c_W [d Fk[hje 7oe# hW IWdjW 9hkp " CWh_e L_bbWbjW" leY[he Z[b FWhgk[ DWY_edWb =W# b|fW]ei FD= " ieijkle gk[ [b Z[hhWc[ \k[ YedjhebWZe$ ;d kd Yeckd_YWZe [c_j_Ze feh bW 9Wf_jWd‡W Z[b Fk[hje" i[ [nfb_YÂŒ gk[" W f[iWh Z[b \k[hj[ l_[dje o Yehh_[dj[ gk[ fh[j[dZ‡W bb[lWh [ij[ YecXkij_Xb[ ^WijW bW YeijW Z[ IWdjW 9hkp" i[ fkZe [i# jWXb[Y[h XWhh[hWi Z[ Yedj[dY_ÂŒd fWhW [l_jWh ik WlWdY[$ ÆI[ fheY[# Z_ÂŒ Yed bW YebeYWY_ÂŒd Z[ fW‹ei o XWhh[hWi WXiehX[dj[i" jWcX_ƒd i[ [ijWXb[Y_ÂŒ kd |h[W Z[ i[]kh_# ZWZ fWhW bWi [cXWhYWY_ed[i gk[
Whh_XWd o pWhfWd Z[iZ[ Fk[hje 7oehWÇ" i[‹WbÂŒ bW _d\ehcWY_ÂŒd$ ;b \kdY_edWh_e Z[b FD= cWd_# \[ijÂŒ gk[ fWhW Wi[]khWhi[ Z[ gk[ de [n_ij_ÂŒ YedjWc_dWY_ÂŒd i[ h[W# b_pW kd ced_jeh[e [d bWi YeijWi Z[ IWdjW 9hkp$ L_bbWbjW" WZ[c|i" c[dY_edÂŒ gk[ i[ [\[YjkWh| kdW _dl[ij_]WY_ÂŒd fWhW Z[j[hc_dWh bWi YWkiWi Z[b WYY_Z[dj[ o [ijW# Xb[Y[h fei_Xb[i iWdY_ed[i fWhW bW [cfh[iW ef[hWZehW Z[ bW [cXWh# YWY_ÂŒd$ ;b _dY_Z[dj[ i[ fheZk`e [b fW# iWZe `k[l[i" Y[hYW Z[ bWi '*0&& [d [b cec[dje Z[ gk[ kd cW# gk_d_ijW Z[b XWhYe jkh‡ij_Ye IWd @kWd ??? h[Wb_pWXW cWd_eXhWi Z[ jhWifWie Z[ YecXkij_Xb[ Z[ kdW XeoW W ejhW$
/ 4Ä…Ĺ‹ ( # .)Ĺ‹ Ĺ‹#(. !, , &Ĺ‹ )(- $)Ĺ‹ , (-#.),#)
ēŊ 1+.2Ŋ #1-;-"#9Ŋ ("1.5.Ŋ3#-"1~ Ŋ#+Ŋ1#2/ +".Ŋ"#+Ŋ _%(,#-ē
KdW l[_dj[dW Z[ decXh[i i[ XWhW`Wd [d [b fWhj_Ze eĂ’Y_Wb_ijW Cel_c_[dje F7?I fWhW bb[dWh [b Ykfe feh bW 7iWcXb[W DWY_edWb Wb 9edi[`e Z[ bW @kZ_YWjkhW JhWd# i_jeh_e" gk[ i[h| [b [dYWh]WZe Z[ h[eh]Wd_pWh bW <kdY_ÂŒd @kZ_Y_Wb [d kd fbWpe Z[ '. c[i[i" Yed\ehc[ i[ WfheXÂŒ [d bW YedikbjW fefkbWh Z[b fWiWZe - Z[ cWoe Z[ (&''$ BW ikXYec_i_ÂŒd Z[ F7?I" _dj[# ]hWZW feh bei WiWcXb[‡ijWi CWh‡W Ck‹ep" 9Whbei L[bWiYe o NWl_[h JecWb|" [i bW [dYWh]WZW Z[ h[Y[f# jWh bWi YWhf[jWi Z[ bei feijkbWdj[i" fWhW bk[]e iec[j[hbei W kdW lWbe# hWY_ÂŒd o [iYe][h W Y_dYe" Z[ [djh[ bei YkWb[i iWbZh| [b Z[b[]WZe Wb
fh[i_Z[djW Z[ bW 9ehj[ Fhel_d# 9edi[`e JhWdi_jeh_e$ :[ bei feYei decXh[i gk[ i[ Y_Wb Z[ @kij_Y_W Z[ F_Y^_dY^W" ^Wd ^[Y^e f‘Xb_Yei" i[ Z[ijWYW ?iWX[b KbbeW" Yehh[ifedZ_[dj[ [b `k[p :ƒY_ce I[]kdZe Z[ be Wb f[h‡eZe (&'&" 9Whbei <[hd|d# 9_l_b Z[ F_Y^_dY^W" 9Whbei Z[p [i Yedi_Z[hWZe Yece <[hd|dZ[p ?Zhele" gk[ \k[ ĹŠ [b `k[p Z[ cWoeh fheZkY# feijkbWZe feh [b WiWc# Y_ÂŒd [d h[iebkY_ed[i o i[dj[dY_Wi Z_YjWZWi [d ik Xb[‡ijW Z[ F7?I" CWhY[be ,¢-ĹŠ !' (9ĔŊ =WhY‡W$ @kp]WZe" W d_l[b dWY_edWb" 24%#1(".ĹŠ/.1ĹŠ ;ij[ `k[p j_[d[ kdW bWh# 4 -ĹŠ 1+.2ĹŠ gk[ [d kd // ^Wd i_Ze ]W YWhh[hW [d bW <kdY_ÂŒd 22(-#++(ĔŊ#2ĹŠ .31.ĹŠ"#ĹŠ+.2ĹŠ/.2Äą YedĂ’hcWZWi feh bW 9ehj[ Fhel_dY_Wb$ @kZ_Y_Wb o jWcX_ƒd i[ ^W 34+ ".2ĹŠ#-ĹŠ+ ĹŠ 2 , +# Ä“ ;ij[ feijkbWdj[ de h[# Z[i[cf[‹WZe" feh kd W‹e" Yece i[Yh[jWh_e Z[ bW <_i# ]_ijhW d_d]kdW gk[`W d_ YWb‡W =[d[hWb Z[b ;ijWZe" [djh[ ikcWh_e WZc_d_ijhWj_le [d ik ejhei YWh]ei f‘Xb_Yei$ YedjhW" be gk[ [l_Z[dY_W gk[ ik I[]‘d bW h[l_ijW Z[ H[dZ_# WYjkWY_ÂŒd Yece `k[p ^W i_Ze b_c# Y_ÂŒd Z[ 9k[djWi" [c_j_ZW feh bW f_W o jhWdifWh[dj[$
ƒ ą
Ĺ? ĂĈĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
Ĺ‹ /- Ĺ‹ &#'#( ,Ĺ‹& Ĺ‹ ' & ,# Ĺ‹ (Ĺ‹ &Ĺ‹ / ),
41 -3#ĹŠ+.2ĹŠĂŒ+3(,.2ĹŠ  .2ĹŠ2#ĹŠ' -ĹŠ#+(,(Äą - ".ĹŠ,;2ĹŠ"#ĹŠ.!'.ĹŠ#-$#1,#" "#2ĹŠ04#ĹŠ -3#2ĹŠ#1 -ĹŠ1#!411#-3#2ĹŠ#-ĹŠ+ ĹŠ/. + !(¢-Ä“ ;d ;YkWZeh [b d‘c[he Z[ fW# o Z_\j[h_W" Wdj[h_ehc[dj[ WfWh[Y‡Wd Y_[dj[i YedjW]_WZei feh cWbWh_W [djh[ bWi fh_c[hWi YWkiWi Z[ ceh# ^W Z_ic_dk_Ze [d bei ‘bj_cei X_b_ZWZ o cehjWb_ZWZ _d\Wdj_b$ I_d W‹ei$ :[ WYk[hZe W bei _dZ_YW# [cXWh]e" W c[Z_ZW gk[ bei fhe# Zeh[i X|i_Yei Z[ iWbkZ" ]hWcWi Z[ _dckd_pWY_ed[i ;YkWZeh (&&/" bW Y_\hW Z[ ĹŠ ^Wd WlWdpWZe [b _cfWYje i[ [d\[hcei feh bW f_YWZkhW ^W h[ZkY_Ze$ :khWdj[ bWi Z[b ceigk_je Wdef^[b[i Zei ‘bj_cWi ZƒYWZWi" [d [b W\[YjÂŒ W ) c_b /-, f[h# !#ĹŠÄ‰ÄˆĹŠ  .2ĹŠ ;YkWZeh i[ ^W [b_c_dWZe bW Ä¸ÄˆÄ’Ä’Ä‡ÄšĹŠ2#ĹŠ1#%(2Äą feb_ec_[b_j_i" hkXƒebW" Ă’[Xh[ iedWi" c_[djhWi gk[ [d 31¢Ŋ#+ĹŠĂŒ+3(,.ĹŠ WcWh_bbW o jƒjWdei d[edWjWb$ (&&- bW Y_\hW WiY[dZ_ÂŒ W ! 2.ĹŠ"#ĹŠ/.+(.Äą ,(#+(3(2ēŊ +ĹŠ"#ĹŠ ÆFWhW YecXWj_h [ijWi - c_b /-/$ ;ijW h[ZkYY_ÂŒd 2 1 ,/(¢-ĹŠ' !#ĹŠ ĈÄ?ĹŠ8ĹŠ+ ĹŠ14 _.+ ĹŠ [d\[hc[ZWZ[i jhWXW`Wcei YedijWdj[ ^W f[hc_j_Ze ' !#ŊđēŊ [d fh[l[dY_ÂŒd" [ie gk_[h[ gk[ [b C_d_ij[h_e Z[ IWbkZ Z[Y_h gk[ lWYkdWdZe W bei jhWXW`[ [d fbWd[i o YWc# fW‹Wi fWhW jhWjWh Z[ [b_c_dWh bW f[gk[‹ei j[dZh[cei kdW feXbW# cWbWh_W Z[b YkWZhe Z[ [d\[hc[# Y_ÂŒd iWbkZWXb[$ ;YkWZeh [i [b fW‡i Z[ 7cƒh_YW BWj_dW Yed kde Z[ bei ZWZ[i gk[ W\[YjWd Wb fW‡i$ EjhWi [d\[hc[ZWZ[i gk[ oW c[`eh[i fhe]hWcWi Z[ lWYkdW# ^Wd i_Ze [b_c_dWZWi Z[b ;YkW# Y_ÂŒdÇ" [nfh[iÂŒ bW ZeYjehW CWh‡W Zeh ied0 iWhWcf_ÂŒd" jei \[h_dW Z[b 9Whc[d =h_`WblW$
SECRETARIA NACIONAL DE TELECOMUNICACIONES (SENATEL) AL PĂšBLICO EN GENERAL Pongo en conocimiento que la empresa TELECOMUNICACIONES FULLDATA CIA. LTDA., ha presentado la solicitud para Operar una Red Privada, con las siguientes caracterĂsticas: INFRAESTRUCTURA: Sistema de radio Punto-Punto, en las bandas de frecuencias de 5725-5850 MHz. UBICACIONES DE LAS INSTALACIONES A CONECTAR: Provincia de Pichincha: • • • • • •
UBICACIÓN 1: PICHINCHA, QUITO, ISLA PINZON # 43-61 Y EMILIO ZOLA; (00º09’53.34�S) (78º28’36.28�W). UBICACIÓN 2: PICHINCHA, QUITO, ELOY ALFARO Y ECHEVERR�A; (00º07’15.12�S) (78º28’21.11�W). UBICACIÓN 3: PICHINCHA, QUITO, PUENGASI, CALLE B S6-538 Y CALLE O SAN ISIDRO DE PUENGAS�; (00º14’46.37�S) (78º29’57.82�W). UBICACIÓN 4: PICHINCHA, QUITO, SECTOR AUQUI DE MONJAS; (00º13’41.49�S) (78º28’27.23�W). REPETIDOR 1: PICHINCHA, QUITO, CERRO PICHINCHA; (00º09’59.45�S) (78º30’38.69�W). REPETIDOR 2: PICHINCHA, QUITO, CERRO PICHINCHA; (00º10’06.42�S) (78º31’24.75�W).
Estas instalaciones cumplen con lo establecido en el artĂculo 2 del Reglamento para el otorgamiento de tĂtulos habilitantes para la OperaciĂłn de Redes Privadas, al ser de propiedad o hallarse bajo el control del solicitante. POTENCIA MĂ XIMA DE SALIDA Y GANANCIA DE LA ANTENA • • • • • • •
Ubicación 1 – Repetidor 1: 251.00 mW, (29 dBi) – 251,00 mW, (29 dBi). Ubicación 1 – Ubicación 2: 251.00 mW, (29 dBi) – 251,00 mW, (29 dBi). Ubicación 2 – Repetidor 2: 251.00 mW, (29 dBi) – 251,00 mW, (29 dBi). Repetidor 2 – Ubicación 3: 251.00 mW, (29 dBi) – 251,00 mW, (29 dBi). Ubicación 3 – Ubicación 4: 251.00 mW, (29 dBi) – 251,00 mW, (29 dBi). Ubicación 4 – Ubicación 1: 251.00 mW, (29 dBi) – 251,00 mW, (29 dBi). Ubicación 1 – Repetidor 2: 251.00 mW, (29 dBi) – 251,00 mW, (29 dBi).
Esta red serĂĄ utilizada en exclusivo beneficio del solicitante, para conectar las instalaciones mencionadas, y no podrĂĄ sustentar bajo ninguna circunstancia la prestaciĂłn de servicios a terceros. Las personas que consideren afectadas por el contenido de esta solicitud, podrĂĄn presentar sus oposiciones por escrito en la SecretarĂa Nacional de Telecomunicaciones, de acuerdo a lo establecido en el artĂculo 61 del Reglamento General a la Ley Especial de Telecomunicaciones Reformada, en la siguiente direcciĂłn: Av. Diego de Almagro N31-95 y Alpallana, telĂŠfono 2947800, casilla 17-01-9777, Quito. Atentamente, Ing. Christian Rivera Zapata DIRECTOR GENERAL DE GESTIĂ“N DE LOS SERVICIOS DE TELECOMUNICACIONES (E) 8%G%&+0,00&b%d%
+#13
7 f[iWh Z[ gk[ [d [b fW‡i oW de [n_ij[d Y_[hjWi [d\[hc[# ZWZ[i" [b l_Y[c_d_ijhe Z[ IW# bkZ" D_Yeb|i @WhW" _dZ_YÂŒ gk[ [b ;YkWZeh Z[X[ [ijWh Wb[hjW W kd Xhej[ Z[ YkWbgk_[hW Z[ [i# jWi [d\[hc[ZWZ[i$ ÆI_ X_[d [d [b fW‡i ^[cei jecWZe bWi c[# Z_ZWi d[Y[iWh_Wi fWhW gk[ de lk[blWd W WfWh[Y[h bW hkXƒebW e bW feb_ec_[b_j_i" feh [`[c# fbe" [n_ij[d ejhWi h[]_ed[i Z[b ckdZe gk[ W‘d bWi j_[d[d o [ije fk[Z[ Wj[djWh YedjhW bW feXbWY_ÂŒd [YkWjeh_WdW oW gk[ Z[X_Ze Wb jh|Ă’Ye Z[ f[hiedWi [i fei_Xb[ gk[ bWi [d\[hc[ZW# Z[i i[ _djheZkpYWd Z[ dk[leÇ$ 1#5#-!(¢-
;b cƒZ_Ye @^eddo I_[hh _dZ_YÂŒ gk[ Yed [b YkWZhe Z[ lWYkdW# Y_ÂŒd gk[ Z_ifed[ [b C_d_ij[h_e Z[ IWbkZ [i YWi_ _cfei_Xb[ gk[ bei f[gk[‹ei i[ [nfed]Wd W c‘bj_fb[i [d\[hc[ZWZ[i$ ÆBW j[dZ[dY_W Z[ d[kced‡W o c[d_d]_j_i feh ^W[cef^_bki _dĂ“k[dpW[ J_fe 8 ^W Z_ic_# dk_Ze Z[iZ[ bW _djheZkY#
ēŊ ĹŠ5 !4- !(¢-ĹŠ/1#5(#-#ĹŠ,ĂŒ+3(/+#2ĹŠ#-$#1,#" "#2Ä“
Y_ÂŒd Z[ bW lWYkdW f[djWlWb[dj[ (&&) Ç" cWd_\[ijÂŒ$ I_d [cXWh]e" c[dY_edÂŒ gk[ i‡ [i d[Y[iWh_e gk[ [b =eX_[hde fed]W c|i ƒd\Wi_i [d ejhe j_fe
Z[ cWb[i gk[ Wgk[`Wd W bW feXbW# Y_ÂŒd Yece ied bWi _d\[YY_ed[i h[if_hWjeh_Wi W]kZWi" [d\[hc[# ZWZ[i Z_Whh[_YWi" bW j_\e_Z[W" [d# jh[ ejhWi$
)-ŋ'#(#-.,) (/( # )-ŋ*),ŋ -.,/ #š(ŋ ŋ ' +/#( ,#
+Ŋ 4#9Ŋ04#Ŋ.1"#Ĺ -¢Ŋ+ Ŋ !!(¢-Ŋ3 ,Ĺ (_-Ŋ#23;Ŋ2(#-".Ŋ (-5#23(% ".Ŋ#-Ŋ+ Ŋ (2! +~ ē
;b fhef_[jWh_e Z[ jh[i Z[ bWi cW# gk_dWh_Wi gk[ \k[hed _dkj_b_pW# ZWi feh bWi <<$77$ [d bei YWdje# d[i IWd Beh[dpe o ;beo 7b\Whe" fhel_dY_W Z[ ;ic[hWbZWi" [d [b ef[hWj_le c_b_jWh YedjhW bWi WYj_l_ZWZ[i c_d[hWi _b[]Wb[i" fh[i[djÂŒ [d bW <_iYWb‡W =[d[hWb Z[b ;ijWZe kdW Z[dkdY_W f[dWb [d YedjhW Z[ bei C_d_ijhei Z[b ?dj[h_eh o Z[ :[\[diW DWY_edWb o [b @[\[ Z[b 9ecWdZe 9ed`kdje Z[ bWi <k[hpWi 7hcWZWi$ Bk_i CehW Fh_Wi" Y_kZWZWde [YkWjeh_Wde hWZ_YWZe [d bW fhe# l_dY_W Z[ ;ic[hWbZWi" WĂ’hcW [d ik Z[dkdY_W gk[ bWi [nYWlW# ZehWi cWhYW 9Wj[hf_bbWh \k[hed WZgk_h_ZWi Yed kd YhƒZ_je W bW [cfh[iW ?_WiW" [b c_ice gk[ be i_]k[ fW]WdZe ^WijW bW WYjkW# b_ZWZ o gk[ bW cWgk_dWh_W [ij| Z[X_ZWc[dj[ cWjh_YkbWZW Wb fh[i[dj[ W‹e$ :ei Z[ bWi [nYWlWZehWi \k[# hed Z[ijhk_ZWi [d [b ;ij[he CWh‡W o bW j[hY[hW [d [b i[Yjeh PWfWbb_je Z[ bW FWhhegk_W I[blW 7b[]h[" Z[b YWdjÂŒd ;beo 7b\Whe$ ;b Z[dkdY_Wdj[ dWhhW gk[ [b i|XWZe (' Z[ cWoe Z[ (&''" Wfhen_cWZWc[dj[ W bWi '&0&&" kd ^[b_YÂŒfj[he Z[b ;`ƒhY_je ;YkWjeh_Wde ieXh[lebÂŒ bW pedW o gk[ bk[]e i[ XW`ÂŒ kd ]hkfe Z[ c_b_jWh[i \k[hj[c[dj[ Wh# cWZei o" i_d jecWh d_d]kdW fh[YWkY_ÂŒd" Z_ifWhWhed lWh_Wi
h|\W]Wi Yed iki \ki_b[i Z[ ZejW# Y_Œd o c|i jWhZ[ fheY[Z_[hed W YebeYWh [nfbei_lei Z[ ]k[hhW [d bWi [nYWlWZehWi" bei gk[ feYe Z[ifkƒi [ijWbbWhed o bWi cWgk_dWh_Wi gk[ZWhed jejWb# c[dj[ Z[ijhk_ZWi$
Ĺ? ĂĈĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
¥ ēŊ 04(- 1( Ŋ/#2 " Ŋ04#"¢Ŋ(-43(+(9 " Ŋ/.1Ŋ%14/.2Ŋ"#Ŋ,(+(3 1#2Ŋ 04#Ŋ!4,/+(#1.-Ŋĥ¢1"#-#2Ŋ24/#1(.1#2ĢēŊ
FIDEICOMISO MERCANTIL DE INVERSIÓN "RPSE"
ESTADO DE SITUACIÓN FINANCIERO AL 31 DE DICIEMBRE DEL 2010 (EXPRESADO EN MILES DE DOLARES ESTADOUNIDENSES )
ESTADO DE RESULTADOS INTEGRALES DEL 1 DE ENERO AL 31 DE DICIEMBRE DEL 2010 (EXPRESADO EN MILES DE DOLARES ESTADOUNIDENSES ) INGRESOS
ACTIVOS
Efectivo y equivalente de efectivo Activos Financieros A valor Razonable con cambios en resultados
4 601
Total activos
605
Total pasivos (excluyendo activos netos atribuibles a los partĂcipes) Activos netos atribuibles a los partĂcipes
Ganancias en inversiones
Total ingresos
18 1
19
GASTOS
PASIVOS Y PATRIMONIO Cuentas por pagar
Ingresos por intereses
1
1 604
Honorarios de la administradora
3
Comisiones
1
Gastos Administrativos
2
Impuestos
3
Total gastos
9
Rendimientos del aĂąo distribuĂdo a Total pasivos y patrimonio
605
los partĂcipes
10
31 ĹŠ(-" % !(¢/.1ĹŠ+.2ĹŠ,(2,.2ĹŠ'#!'.2 ĹŠĹŠĹŠ .1ĹŠ+.2ĹŠ,(2,.2ĹŠ'#!'.2ĹŠ1#%(231 ".2ĹŠ#+ĹŠÄ‰ÄˆĹŠ"#ĹŠ, 8.ĹŠ"#ĹŠÄ‰Ä‡ÄˆÄˆĹŠ#-ĹŠ+.2ĹŠ! -3.-#2ĹŠ Ĺ— -ĹŠ .1#-9.ĹŠ8ĹŠ +.8ĹŠ +$ 1.ĹŠ"#ĹŠ+ ĹŠ/1.5(-!( ĹŠ"#ĹŠ 2,#1 +" 2ĔŊ4-ĹŠ%14/.ĹŠ"#ĹŠ 2 ,Äą +#~23 2ĹŠ/("(#1.-ĹŠ +ĹŠÄƒ2! +ĹŠ 1!.ĹŠ 1#(1#ĹŠ04#ĹŠ(-(!(#ĹŠ+ 2ĹŠ(-5#23(% !(.-#2ĹŠ"#+ĹŠ! 2.ĹŠ / 1 ĹŠ#23 +#!#1ĹŠ#+ĹŠ/1#24-3.ĹŠ"#+(3.ĹŠ"#ĹŠ/1#5 1(! 3.ĹŠ#-ĹŠ#+ĹŠ04#ĹŠ' 1~ ĹŠ(-!411(".ĹŠ#+ĹŠ )4#9ĹŠ (%_2(,.ĹŠ #%4-".ĹŠ"#ĹŠ 1 -3~ 2ĹŠ #- +#2ĹŠ"#ĹŠ (!'(-!' ĔŊ 4 -ĹŠ #1-;-"#9ĹŠ ;1"#- 2ĔŊ +ĹŠ' #1ĹŠ 43.1(9 ".ĹŠ+ ĹŠ"#2314!!(¢-ĹŠ"#ĹŠ+ ĹŠ, 04(- 1( ĹŠ04#ĹŠ#23 ĹŠ 2(#-".ĹŠ43(+(9 " ĹŠ#-ĹŠ#2 2ĹŠ !3(5(" "#2ĹŠ,(-#1 2Ä“ #%ĂŒ-ĹŠ+.2ĹŠ"#-4-!( -3#2ĔŊ#-31#ĹŠ#++.2ĹŠ#+ĹŠ 2 , +#~23 ĹŠ +$1#".ĹŠ 13(9ĔŊ+ ĹŠ 1#2.+4!(¢-ĹŠ"#+ĹŠ)4#9ĹŠ #1-;-"#9ĹŠ5(.+ ĹŠ"(2/.2(!(.-#2ĹŠ+#% +#2ĹŠ8ĹŠ!.-23(34!(.- +#2ĔŊ #-31#ĹŠ#++ 2ĹŠ#+ĹŠ"#1#!'.ĹŠ04#ĹŠ1#!.-.!#ĹŠ8ĹŠ% 1 -3(9 ĹŠ+ ĹŠ/1./(#" "ĹŠ/1(5 " ĹŠ#-ĹŠ3." 2ĹŠ 242ĹŠ$.1, 2Ä“
Ć
ADMINISTRADORA DE FONDOS Y FIDEICOMISOS
1"#-ĹŠ"#ĹŠ,(-(231.2
;b fhef_[jWh_e Z[ [ijW cWgk_# dWh_W" gk[ [i fWjheY_dWZe feh [b WXe]WZe HWc_he Hec|d C|h# gk[p" ieij_[d[ gk[ bei c_b_jWh[i `kij_Ă’YWhed ik WYY_edWh i[‹W# bWdZe gk[ [hW kdW ehZ[d Z[ bei C_d_ijhei Z[b ?dj[h_eh o Z[ :[\[diW" o Z[b @[\[ Z[b 9ecWd# Ze 9ed`kdje" fWhW d[kjhWb_pWh bWi WYj_l_ZWZ[i fh[ikdjWc[dj[ _b‡Y_jWi gk[ [d [i[ cec[dje i[ Z[iWhhebbWXWd [d [iei h[Y_djei Z[b YWdjÂŒd ;beo 7b\Whe$ Bk_i CehW Fh_Wi Z[dkdY_W jWcX_ƒd gk[ [d [i[ ef[hWj_le c_b_jWh \k[hed eX`[je Z[ l[`|# c[d[i o W]h[i_ed[i \‡i_YWi je# Zei gk_[d[i [d [i[ cec[dje [ijWXWd [d [b bk]Wh" o gk[ kdW l[p Yec[j_Ze [b WXkie feh fWhj[ Z[ bei c_b_jWh[i" i[ [cXWhYWhed [d [b ^[b_YÂŒfj[he o ieXh[lebW# hed [b i_j_e lWh_Wi l[Y[i$ Æ9ece be h[bWjWZe Yedij_jk# o[ kdW _d\hWYY_ÂŒd f[dWb" YedYk# hhe Wdj[ kij[Z Yed bW fh[i[dj[ Z[dkdY_W" fWhW ZWhb[ bW dej_Y_W Z[ [ij[ ^[Y^e Z[b_Yj_le Z[b gk[ ^[ i_Ze l‡Yj_cW" W [\[Yjei Z[ gk[ [d YWb_ZWZ Z[ j_jkbWh Z[ bW WYY_ÂŒd f[dWb _d_Y_[ bW Yehh[i# fedZ_[dj[ _dZW]WY_ÂŒd fh[l_W [d YedjhW Z[ bei Z[dkdY_WZei \kdY_edWh_ei f‘Xb_Yei" Yed [b eX`[je Z[ Z[iYkXh_h W bei Wkje# h[i" YÂŒcfb_Y[i o [dYkXh_Zeh[i Z[ [ijW _d\hWYY_ÂŒdÇ" YedYbko[ [b Z[dkdY_Wdj[$
Ma. Fernanda Rocha APODERADA ESPECIAL
Lcda. Cristina LĂłpez CONTADOR GENERAL CPA 27623
ć
Ĺ?ĂĈĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
>F9@<IEF 8LKäEFDF ;<J:<EKI8C@Q8;F DLE@:@G8C ;< <CFP 8C=8IF C@DFE<J Æ <JD<I8C;8J Æ <:L8;FI 8C:8C;à 8
:8IK8 89@<IK8 C`dfe\j# )+ [\ ale`f [\ )'(( <Zfefd`jkX I8=8<C :FII<8 ;<C>8;F GI<J@;<EK< :FEJK@KL:@FE8C ;< C8 I<Gè9C@:8 ;<C <:L8;FI Gi\j\ek\% 8EK<:<;<EK<J (% =i\ek\ X cfj XZfek\Z`d`\ekfj [\ [fd`e`f gÂ’Yc`Zf# jljZ`kX[fj \e cfj :Xekfe\j <cfp 8c]Xif p JXe Cfi\eqf# Zfdf Zfej\Zl\eZ`X [\ cX `c\^Xc \ `ii\jgfejXYc\ \ogcfkXZ`Â?e d`e\iX# hl\ gfi mXi`fj XÂŒfj _X X]\ZkX[f X cX ^\f^iX]ˆX p cfj _XY`kXek\j [\ [`Z_fj ZXekfe\j# Zlpf `dgXZkf XdY`\ekXc p jfZ`Xc k`\e\ ^iXm\j Zfej\Zl\eZ`Xj hl\ [\Y\e j\i d`k`^X[Xj \e cfj giÂ?o`dfj XÂŒfj% )% Hl\ cX d`e\iˆX Xik\jXeXc Zfdf \jkXYc\Z\ cX C\p# j\ ZXiXZk\i`qX gfi cX lk`c`qXZ`Â?e [\ _\iiXd`\ekXj p dXhl`eXi`X j`dgc\ p gfik}k`$ c\j# ]l\ jlgcXekX[X gfi cX gXik`Z`gXZ`Â?e [\ g\ijfeXj \okiXÂŒXj X cX Zfdle`[X[ Zfe gf[\i gfcˆk`Zf p \ZfeÂ?d`Zf# Zfe i\kif\oZXmX[fiXj p hlˆd`Zfj hl\ _Xe [\mXjkX[f cXj qfeXj [\ \ogcfkXZ`Â?e% *% Hl\ cX efidXk`mX Xek\i`fi# `dg\[ˆX X cXj dle`Z`gXc`[X[\j Xlkfi`qXi p ZfekifcXi cX \ogcfkXZ`Â?e d`e\iX p Zfdf Zfej\Zl\eZ`X [\ \ccf# j\ _X [\jeXkliXc`qX[f cfj fYa\k`mfj [\ d\afiXi cXj Zfe[`Z`fe\j [\ m`[X [\ cfj _XY`kXek\j [\c cl^Xi# X kiXm„j [\ cX d`e\iˆX Xik\jXeXc% +% :fdf \]\Zkf [\ cf Xek\i`fi cX dXpfiˆX [\ cfj m\Z`efj [\c cl^Xi ]l\ife jfigi\e[`[fj gfi gi}Zk`ZXj gXk\ieXc`jkXj# Zfe g\hl\ÂŒXj Xpl[Xj X cX Zfdle`[X[# Xgfpfj X \jkXYc\Z`d`\ekfj \[lZXk`mfj p cX gi}Zk`ZX [\k\jkXYc\ [\c Zc`\ek\c`jdf gfcˆk`Zf# gXiX cXj fi^Xe`qXZ`f$ e\j [\c cl^Xi% ,% Hl\ \c XgXi\ek\ `e^i\jf ]}Z`c# Zfeki`YlpÂ? X hl\ dlZ_fj _XY`kXek\j [\c cl^Xi p [\ fkiXj gifm`eZ`Xj# [\a\e [\ cX[f jlj cXYfi\j X^iˆZfcXj kiX[`Z`feXc\j gfi [\[`ZXij\ X cX ]X\eX [\ \okiX\i fif p hl\ [`Z_X i\Xc`[X[ _X j`[f dlZ_f d}j \m`[\ek\# gfi cX ]XckX [\ j\ej`Y`c`[X[ p gi\fZlgXZ`Â?e [\c \jkX[f gXiX Xgc`ZXi m\i[X[\iXj gfcˆk`ZXj [\ [\jXiifccf \e cfj j\Zkfi\j d}j mlce\iXYc\j [\c gXˆj# Zfdf jfe cfj j\Zkfi\j X]\ZkX[fj% -% Hl\ [\ dXe\iX li^\ek\ \ `ed\[`XkX Zfdf d\[`[Xj ZXlk\cXi\j# \c Al\q J\okf [\ >XiXekˆXj G\eXc\j# fi[\eÂ? cX gifm`j`Â?e [\ X^lX gXiX cXj Zfdle`[X[\j [`i\ZkXd\ek\ X]\ZkX[Xj gfi cX \ogcfkXZ`Â?e d`e\iX# jld`e`jkif# hl\ j\ cf m`\e\ Zldgc`\e[f [\ XZl\i[f X cXj c`d`kXZ`fe\j \ZfeÂ?d`ZXj p cf^ˆjk`ZXj \e cXj Zfdle`[X[\j%
I<JFCL:@äE (% 8gfpXi Xc >fY`\ief EXZ`feXc# Xc [\Zi\kXi \c \jkX[f [\ <oZ\gZ`Â?e gXiX hl\ [\ dXe\iX [\]`e`k`mX j\ [\k\e^X cX \ogcfkXZ`Â?e d`e\iX `c\^Xc \e cfj ZXekfe\j <cfp 8c]Xif p JXe Cfi\eqf% )% I\jgXc[Xi X ljk\[ j\ÂŒfi Gi\j`[\ek\ Xc [\]\e[\i cX :fejk`klZ`Â?e p \c [\i\Z_f [\ cX gfYcXZ`Â?e X m`m`i \e le XdY`\ek\ jXef p \ZfcÂ?^`ZX$ d\ek\ \hl`c`YiX[f 8ik%(+ # X cX jXcl[ Zfdf le [\i\Z_f m`eZlcXek\ Xc X^lX# cX Xc`d\ekXZ`Â?e# cX \[lZXZ`Â?e# cX ZlckliX ]ˆj`ZX# \c kiXYXaf# cX j\^li`[X[ jfZ`Xc# cfj XdY`\ek\j jXefj p fkifj hl\ jljk\ek\e \c Yl\e m`m`i 8ik% *) # \c [\i\Z_f X m`m`i \e le XdY`\ek\ jXef# \ZfcÂ?^`ZXd\e$ k\ \hl`c`YiX[f# c`Yi\ [\ ZfekXd`eXZ`Â?e p \e XidfeˆX Zfe cX eXkliXc\qX 8ik% --$). *% :fdf \jkXYc\Z\ cX :fejk`klZ`Â?e \e \c 8ik% *0.# \c <jkX[f [\Y\ XZklXi [\ dXe\iX `ed\[`XkX p jlYj`[`Xi`X gXiX ^XiXek`qXi cX jXcl[ p cX i\j$ kXliXZ`Â?e [\c \Zfj`jk\dX% +% Hl\ \c >fY`\ief EXZ`feXc X kiXm„j [\c 9XeZf [\c <jkX[f p [\c D@;LM@# Xk`\e[Xe cfj i\hl\i`d`\ekfj [\ cXj [`]\i\ek\j Zfdle`[X[\j [\c ZXekÂ?e <cfp 8c]Xif2 Zlpfj gifp\Zkfj [\ X^lX gfkXYc\# _Xe j`[f gi\j\ekX[fj gfi \c >fY`\ief 8lkÂ?efdf ;\jZ\ekiXc`qX[f Dle`Z`gXc [\ <cfp 8c]Xif X [`Z_fj fi^Xe`jdfj# Zfdf i\jgl\jkX j\ej`Yc\# `ek\c`^\ek\ p jfc`[Xi`X gXiX cfj _XY`kXek\j hl\ ZXi\Z\e [\ \jk\ \c\d\ekXc j\im`Z`f% ,% Hl\ cX :figfiXZ`Â?e =`eXeZ`\iX EXZ`feXc# \c 9XeZf [\ =fd\ekf# cfj D`e`jk\i`fj [\ 8^i`ZlckliX p gif[lZZ`Â?e \eki\ fkifj# `ek\im\e^Xe Zfdf leX i\jgl\jkX X[d`e`jkiXk`mX fi^Xe`qX[X# jfjk\e`Yc\ p [`e}d`ZX hl\ j\ `dgc\d\ek\ le Z\ekif [\ =fidXZ`Â?e \ @em\jk`^XZ`Â?e 8^ifg\ZlXi`X# gXiX Xgc`ZXi le j`jk\dX \ZfeÂ?d`Zf# jfZ`Xc p XdY`\ekXc hl\ ^XiXek`Z\ \c Yl\e m`m`i% -% I\jgXc[Xdfj cX \ogcfkXZ`Â?e d`e\iX Zfe k\Zefcf^ˆX df[\ieX p [\ekif [\c dXiZf c\^Xc# hl\ j\X jfZ`Xcd\ek\ XZ\gkX[X# \ZfcÂ?^`ZXd\ek\ gfj`$ Yc\ p \ZfeÂ?d`ZXd\ek\ i\ekXYc\# gXiX ^\e\iXi i`hl\qX p [`jki`Yl`icX kfdXe[f \e Zl\ekX cfj k\ii`kfi`fj \ogcfkX[fj% .% GXiX leX \]`Z`\ek\# \]`ZXq p fgfikleX XZZ`Â?e [\c >fY`\ief EXZ`feXc# gXiX [\jXiifccXi cX XZk`m`[X[ d`e\iX [\ dXe\iX [\jZfeZ\ekiX[X# Zfe cfj gifp\Zkfj p [\jX]ˆfj [\ d\[`Xef p cXi^f gcXqf2 i\jgXc[Xdfj \c ]leZ`feXd`\ekf [\ cX JlYj\Zi\kXiˆX [\ D`eXj [\ cX i\^`Â?e Lef# hl\ Zfdgi\e[\e cXj gifm`eZ`Xj [\ <jd\iXc[Xj# :XiZ_`# @dYXYliX p JlZldYˆfj# `[\ek`]`ZXe[f Zfdf Ăˆj\[\ X[d`e`jkiXk`mXÉ X cX Z`l[X[ [\ 9fiYÂ?e# ZXekÂ?e <cfp 8c]Xif$
-&'*.%a]
(Ĺ‹ , -#& ˜)Ĺ‹ #,#!#,6Ĺ‹& Ĺ‹ .1ĹŠ/1(,#1 ĹŠ5#9ĹŠ 4-ĹŠ+ 3(-. ,#Äą 1(! -.ĹŠ"(1(%(1;ĹŠ + ĹŠ.1% -(9 !(¢-ĹŠ ,4-"( +Ä“ ĔŊ Äą ĹŠ ěŊ Feh
fh_c[hW l[p Z[iZ[ gk[ \k[ \kdZWZW [d '/*+" bW Eh]Wd_pWY_ÂŒd Z[ DWY_ed[i Kd_ZWi fWhW bW 7]h_# YkbjkhW o bW 7b_c[djWY_ÂŒd <7E i[h| fh[i_Z_ZW feh kd bWj_deWc[h_YWde" [b XhWi_b[‹e @eiƒ =hWp_Wde ZW I_blW" gk_[d j[dZh| [b h[je Z[ [hhWZ_YWh e Wb c[dei h[ZkY_h [b ^WcXh[ [d [b ckdZe$ ;b XhWi_b[‹e" gk[ \k[ [b[]_# Ze Z_h[Yjeh ][d[hWb Z[ bW <7E Yed /( lejei YedjhW .. Z[ ik WZl[hiWh_e" [b [nYWdY_bb[h [i# fW‹eb C_]k[b 7d][b CehWj_# dei" be]hÂŒ [b h[ifWbZe Z[ 7cƒ# h_YW BWj_dW" ?dZed[i_W o Z[ bei bbWcWZei ĂˆfW‡i[i de Wb_d[WZeiÉ Z[b =hkfe --" [djh[ [bbei Ă›\h_# YW [ ?dZed[i_W$ ÆDe ieo c|i [b YWdZ_ZW# je Z[ 8hWi_b i_de [b Z_h[Yjeh ][d[hWb Z[ jeZei bei fW‡i[iÇ" Z[YbWhÂŒ =hWp_Wde" [d [ifW‹eb" l_i_Xb[c[dj[ [ceY_edWZe jhWi YedeY[h [b h[ikbjWZe$ ;b XhWi_b[‹e \k[ kde Z[ bei jƒYd_Yei c|i Y[hYWdei Z[b
#3 ++#2ĹŠ
Ĉ
ĹŠ !(".ĹŠ#+ĹŠÄˆÄ?ĹŠ-.5(#, 1#ĹŠ"#ĹŠÄˆÄ’ÄŒÄ’Ä”ĹŠ 1 9( Äą Ĺ—-.ĹŠ" ĹŠ (+5 ĹŠ.!4/ ĹŠ#+ĹŠ! 1%.ĹŠ"#ĹŠ #/1#2#-Äą 3 -3#ĹŠ #%(.- +ĹŠ8ĹŠ 4 Äą"(1#!3.1ĹŠ"#ĹŠ+ ĹŠ ĹŠ "#2"#ĹŠ, 19.ĹŠ"#ŊĉććÄ?Ä“
ĹŠ 1 9( -.ĹŠ#2ĹŠ".!3.1ĹŠ#-ĹŠ !.-.,~ ĹŠ"#ĹŠ+ ĹŠ Ĺ— -(5#12(" "ĹŠ 23 3 +ĹŠ"#ĹŠ ,/(- 2ĹŠ8ĹŠ$4#ĹŠ
/1.$#2.1Ŋ3(34+ 1Ŋ"#Ŋ !.-.,~ Ŋ %1~!.+ Ŋ#-Ŋ+ Ŋ ,(2, Ŋ4-(5#12(" "ēŊ
ĹŠ (#-#ĹŠ4-ĹŠ/.2%1 ".ĹŠ#-ĹŠ+ ĹŠ -(5#12(" "ĹŠ Ĺ—"#ĹŠ +($.1-( ĹŠ8ĹŠ#-ĹŠ#+ĹŠ -23(343.ĹŠ"#ĹŠ 234"(.2ĹŠ
3(-. ,#1(! -.2ĹŠ#-ĹŠ#+ĹŠ -(5#12(38ĹŠ .++#%#ĹŠ "#ĹŠ .-"1#2Ä“
23.8Ŋ!.-5#-!(Ĺ ".ĔŊ!.-Ŋ 2#Ŋ#-Ŋ ,(Ŋ#7/#1(#-!( Ŋ#-Ŋ 1 2(+Ŋ8Ŋ#-Ŋ.31.2Ŋ/ ~2#2ĔŊ 04#Ŋ#11 "(! 1Ŋ#+Ŋ' , 1#Ŋ #2Ŋ4- Ŋ,#3 Ŋ1 9.- +#Ŋ8Ŋ +! -9 +#Ģē
^ĹŠ ĹŠ ĹŠ
ēŊ .2_Ŋ 1 9( -.Ŋ" Ŋ (+5 Ŋ$4#Ŋ#+(%(".Ŋ 8#1ĔŊ#-Ŋ ., ĔŊ!.,.Ŋ"(1#!3.1Ŋ"#Ŋ+ Ŋ ē
fh_c[h cWdZWje Z[b fh[i_Z[d# j[ Bk_p ?d|Y_e BkbW ZW I_blW" [d [b W‹e (&&)" o bk[]e \k[ Wi[ieh [if[Y_Wb Z[ bW Fh[i_Z[dY_W Z[ bW H[f‘Xb_YW Z[ 8hWi_b$ Æ9ed bei W‹ei ^[ Wfh[dZ_Ze gk[ i[ Z[X[ YWc_dWh `kdjei" be# ]hWh [b Yedi[die" fWhW be]hWh bei eX`[j_leiÇ" W]h[]ÂŒ =hWp_Wde jhWi W]hWZ[Y[h Wdj[ bW fb[dWh_W W bei fW‡i[i bWj_deWc[h_YWdei" W\h_# YWdei" Z[ b[d]kW fehjk]k[iW [
_dYbki_l[ W bei fW‡i[i [khef[ei o Z[iWhhebbWZei$ :khWdj[ ik f[hcWd[dY_W [d bW <7E be]hŒ WZ[c|i gk[ bei fW‡# i[i Z[ 7cƒh_YW BWj_dW o 9Wh_X[ \k[hWd bei fh_c[hei W d_l[b ckd#
"(1#!3.1ĹŠ%#-#1 +ĹŠ"#ĹŠ ĔŊ ĹŠ04(#-ĹŠ+#ĹŠ.$1#!(¢Ŋĥ#+ĹŠ,;2ĹŠÄƒ1,#ĹŠ /.8.ĢŊ#-ĹŠ#+ĹŠ1#3.ĹŠ"#ĹŠ #11 "(! 1ĹŠ.ĹŠ +ĹŠ,#-.2ĹŠ1#"4!(1ĹŠ#+ĹŠ' , 1#ĹŠ#-ĹŠ#+ĹŠ,4-".Ä“ ÄĄ .-ĹŠ#-.1,#ĹŠ2 3(2$ !!(¢-ĹŠ1#!( .ĹŠ+ ĹŠ"#!(2(¢-ĹŠ"#ĹŠ+.2ĹŠ/ ~2#2ĹŠ,(#, 1.2ĹŠ"#ĹŠ + ĹŠ ĹŠ"#ĹŠ#2!.%#1ĹŠ +ĹŠ! -"(" 3.ĹŠ 1 2(+# .ĹŠ .2_ĹŠ 1 9( -.ĹŠ" ĹŠ (+5 ĢĔŊ#7/1#2 ĹŠ .422#ĂŊ#-ĹŠ4-ĹŠ!.,4-(! ".ĹŠ.ă!( +ĹŠ"($4-"(".ĹŠ/.1ĹŠ24ĹŠ"#2/ !'.Ä“
( 4/ & Ĺ‹#(-#-. Ĺ‹ (Ĺ‹ , /* , #š(Ĺ‹ Ĺ‹ "60 4Ĺ‹ d[pebWde ^_pe ^_dYWf_ƒ Wo[h [d gk[ [b fh[i_Z[dj[ >k]e 9^|l[p i[ h[Ykf[hW [d 9kXW o ik l_ZW de Yehh[ f[b_]he Yed [b |d_ce Z[ Z[ic[dj_h bW WlWbWdY^W Z[ hkce# h[i gk[ YWZW Z‡W Yed c|i \k[hpW Wi[]khWd gk[ ik\h_h‡W kdW ]hWl[ [d\[hc[ZWZ$ ÆI[ [ij| h[Ykf[hWdZeÇ" Z[YbW# hÂŒ [b c_d_ijhe Z[ ?d\ehcWY_ÂŒd 7dZhƒi ?pWhhW" [nfb_YWdZe gk[ [b i|XWZe" 9^|l[p i_]k_ÂŒ Wj[djW# c[dj[ Z[iZ[ BW >WXWdW bWi WYj_# l_ZWZ[i Z[ ik ]eX_[hde$ ÆOW be l_[hed jm_j[WdZeÇ" W]h[]ÂŒ [b C_d_ijhe" h[Ă’h_ƒdZei[ W lWh_ei c[diW`[i [dl_WZei feh [b fh[i_Z[dj[ Z[iZ[ ik Yk[djW [d bW h[Z ieY_Wb Jm_jj[h [d bei gk[ i_d [cXWh]e" de ^WY[ d_d]kdW h[\[h[dY_W W ik [ijWZe Z[ iWbkZ$ Æ>Wo 9^|l[p fWhW hWjeÇ" Ye# hheXehÂŒ [b l_Y[fh[i_Z[dj[ ;b‡Wi @WkW$ 9^|l[p" Z[ +, W‹ei" \k[ ef[# hWZe Z[ kh][dY_W [b '& Z[ `kd_e [d BW >WXWdW Z[ kd WXiY[ie
Ĺ? ĂĈĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
.) ĹŠ"#ĹŠ5("
.422#ĂŊ2#Ŋ /.8. ŗŊŊ ĔŊ ŊěŊ Ŋ/1#2("#-3 Ŋ"#Ŋ 1 2(+ĔŊ (+, Ŋ .422#ĂĔŊ1#!( (¢Ŋ 8#1Ŋ!.-Ŋ ĥ#-.1,#Ŋ2 3(2$ !!(¢-ĢŊ+ Ŋ#+#!!(¢-Ŋ"#Ŋ .2_Ŋ 1 9( -.Ŋ" Ŋ (+5 Ŋ!.,.Ŋ-4#5.Ŋ
ĔŊ š ;b =eX_[hde l[#
-Ŋ2 +4".Ŋ8Ŋ+ Ŋ #-"(!(¢-Ŋ/ 1 Ŋ,(Ŋ '().Ŋ04#1(".ēŊ 4#Ŋ #+Ŋ/."#1Ŋ"#Ŋ (.2Ŋ #-"(3.Ŋ ,#Ŋ+.Ŋ2 -#Ŋ1;/(".Ŋ8Ŋ,#Ŋ +.Ŋ31 (% Ģē Ŋ }
ĹŠ ĹŠ
fƒbl_Ye" kdW WYkckbWY_ÂŒd Z[ fki [d bW pedW XW`W Z[b WXZe# c[d$ I_d [cXWh]e" [b Ă’d Z[ i[# cWdW" [b Z_Wh_e [ijWZekd_# Z[di[ ;b Dk[le >[hWbZ" Y_# jWdZe \k[dj[i i_d _Z[dj_Ă’YWh Z[ bW _dj[b_][dY_W [ijWZekd_# Z[di[" fkXb_YÂŒ gk[ 9^|l[p [ijWXW [d kdW ĂˆYedZ_Y_ÂŒd Yh‡# j_YWÉ o ĂˆYecfb_YWZWÉ$ FWhWb[bWc[dj[" kdW Z[ bWi YebkcdWi Z[ ef_d_ÂŒd c|i b[‡ZWi [d L[d[pk[bW" bei ÆHkdhkd[iÇ Z[ D[bied 8eYW# hWdZW" fkXb_YWZW [d [b Z_Wh_e ;b Kd_l[hiWb Wo[h" WfkdjW gk[ [b Fh[i_Z[dj[ j_[d[ kd Y|dY[h Z[ fhÂŒijWjW$
Z_Wb [d Wikc_h [b Yecfhec_ie Z[ [hhWZ_YWh [b ^WcXh[ Wdj[i Z[b (&(+$ :W I_blW" [nh[ifediWXb[ Z[b [n_jeie fbWd fefkbWh fWhW bW [hhWZ_YWY_ÂŒd Z[b ^WcXh[ [d 8hW#
i_b Ăˆ<ec[ P[heÉ >WcXh[ 9[he " [hW kde Z[ bei ]hWdZ[i \Wleh_jei fWhW ikY[Z[h Wb i[d[]Wbƒi @WY# gk[i :_ek\" [d [b YWh]e Z[ Z_h[Y# jeh ][d[hWb Z[ bW <7E Z[iZ[ ^WY[ '- W‹ei$
ĉ
Ĺ? ĂĈĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
+ĹŠ"(1#!3.1ĹŠ"#+ĹŠ ĹŠ 5( )#ĹŠ ĹŠ 4" ,_1(!
Ĺ—ĹŠ ĹŠĹŠ ĔŊ ŊěŊ;b Z_h[Yjeh ][# d[hWb Z[b Eh]Wd_ice ?dj[h# dWY_edWb Z[ ;d[h]‡W 7jÂŒc_YW E?;7 " [b `Wfedƒi Oka_oW 7cWde" _d_Y_Wh| ^eo kdW ]_hW feh IkZWcƒh_YW gk[ ZkhWdj[ ZeY[ Z‡Wi b[ bb[lWh| W F[h‘" 9^_b[" ;YkWZeh" 9ebecX_W o 7h][dj_dW$ 7cWde j_[d[ fh[l_ije h[# kd_hi[ Yed bei fh[i_Z[dj[i I[XWij_|d F_‹[hW 9^_b[ " @kWd CWdk[b IWdjei 9ebecX_W o 9h_ij_dW <[hd|dZ[p 7h][dj_# dW o Yed [b cWdZWjWh_e [b[Yje Z[ F[h‘" EbbWdjW >kcWbW$
1%#-3(- ĹŠ(-(!( ĹŠ ! 11#1 ĹŠ#+#!3.1 +ĹŠ
Ĺ—ĹŠĹŠĹŠ
ĹŠ ĔŊ š BW YWhh[hW [b[YjehWb Yed c_hWi W eYjkXh[ fhÂŒn_ce gk[ZÂŒ Wo[h bWdpWZW Z[ bb[de Yed bW _di# Yh_fY_ÂŒd Z[ bWi eY^e \ÂŒhckbWi gk[ f[b[Wh|d feh bW Fh[i_Z[d# Y_W Wh][dj_dW" i_[j[ Z[ [bbWi _dj[]hWZWi feh efei_jeh[i gk[ XkiYWd Whh[XWjWhb[ [b cWdZe W bW YWdZ_ZWjW W h[[b[YY_ÂŒd" 9h_ij_dW <[hd|dZ[p \eje " \Wleh_jW [d bei iedZ[ei$ ;b fbWpe fWhW h[]_ijhWh Wdj[ bW `kij_Y_W [b[YjehWb bWi \ÂŒhckbWi fh[i_Z[dY_Wb[i o b[]_ibWj_lWi Z[ bei Yec_Y_ei Z[b fhÂŒn_ce () Z[ eYjkXh[ Ă’dWb_pÂŒ Wo[h$
14/.ĹŠ 1, ".ĹŠ , 2 !1 ĹŠ ĹŠ.!'.ĹŠ ! ,/#2(-.2
Ĺ—ĹŠ ĹŠĹŠ :ĔŊ ŊěŊEY^e YWcf[i_# dei \k[hed Wi[i_dWZei o ejhei YkWjhe h[ikbjWhed ^[h_Zei" [d kdW _dYkhi_ÂŒd Z[ Wb c[dei '( ^ecXh[i \k[hj[c[dj[ WhcW# Zei W kd [ijWXb[Y_c_[dje Z[ Z_l[hi_ÂŒd Z[b ikh Z[b fW‡i" _d# \ehcÂŒ Wo[h [b YecWdZWdj[ Z[ Feb_Y‡W Z[b Z[fWhjWc[dje Z[ DWh_‹e" Yehed[b M_bb_Wc Ced# j[pkcW$ Æ>Wo eY^e ck[hjei o YkWjhe ^[h_ZeiÇ" i[‹WbÂŒ [d Z_|be]e j[b[\ÂŒd_Ye [b Yehed[b Cedj[pkcW" gk_[d Z[jWbbÂŒ gk[ bW cWjWdpW eYkhh_ÂŒ ^WY_W bW c[Z_WdeY^[ Z[b i|XWZe [d [b YWi[h‡e L_bbWdk[lW" Z[b ckd_Y_f_e Z[ 9ebÂŒd#=ƒdelW" Z[ DWh_‹e" Z[fWhjWc[dje \hedj[h_pe Yed ;YkWZeh$ I[‹WbÂŒ gk[ bei ^[h_Zei \k[hed Wj[dZ_Zei [d Y[djhei ^eif_jW# bWh_ei Z[ bW pedW o gk[ d_d]k# de Z[ [bbei [ij| [d f[b_]he Z[ ck[hj[$
/ 0 Ĺ‹& .#() ' ,# ()-Ĺ‹ '/ ,. -Ĺ‹ (Ĺ‹ #)Ĺ‹ ,# (. .-ĹŠ+ ĹŠ,4#13#ĹŠ"#ĹŠ -5#23(% !(¢".2ĹŠ2.+" ".2ĹŠ 8#1ĔŊ ĹŠĹŠ ĹŠ,(-(231 ĹŠ"#ĹŠ #$#-2 ĹŠ"#ĹŠ 2/  ĔŊ Ĺ— 1,#ĹŠ ' !¢-ĔŊ"().ĹŠ 8#1ĹŠ04#ĹŠ+ 2ĹŠ 2.-ĹŠ8 ĹŠÄ’Ä?ĹŠ+.2ĹŠ,(Äą /1(,#1 2ĹŠ(-5#23(% !(.-#2ĹŠ(-"(! -ĹŠ04#ĹŠ +(3 1#2ĹŠ#2/  .+#2ĹŠ + ĹŠ! 1% ĹŠ"#ĹŠ#7/+.2(5.2ĹŠ#,/+# " ĹŠ#-ĹŠ#+ĹŠ 3 04#ĹŠ ĹŠ4-ĹŠ +(-" ".ĔŊ#-ĹŠ#+ĹŠ04#ĹŠ,41(#Äą $ ++#!(".2Ä“ 1.-ĹŠ".2ĹŠ,(+(3 1#2ĹŠ#2/  .+#2ĔŊ#2ĹŠÄĄ,48ĹŠ ĔŊ š ;b d‘c[he Z[ ieb#
ZWZei [ifW‹eb[i Z[ eh_][d bWj_# deWc[h_YWde \Wbb[Y_Zei c_[d# jhWi fWhj_Y_fWXWd [d c_i_ed[i Z[b ;`ƒhY_je [ifW‹eb i[ [b[lW W dk[l[" jhWi bW ck[hj[ Wo[h [d 7\]Wd_ij|d Z[ bW c_b_jWh D_o_h[j^ F_d[ZW CWh‡d" Z[ 9ebecX_W$ :ei c_b_jWh[i [ifW‹eb[i ck# h_[hed Wo[h o ejhei jh[i h[ikbjWhed ^[h_Zei Wb [nfbei_edWh kd Whj[\WY# je Wb fWie Z[b l[^‡Ykbe Xb_dZWZe [d [b gk[ l_W`WXWd" [d bW beYWb_ZWZ W\]WdW Z[ GWbW#_#DWm$ I[ jhWjW Z[b iWh][dje CWdk[b 7h]kZ‡d F[hh_de o bW iebZWZe D_o_h[j^ F_d[ZW CWh‡d" dWjkhWb Z[ 9ebecX_W$ 9ed [ijW ck[hj[ i[ [b[lW W dk[l[ [b d‘c[he Z[ iebZWZei Z[ eh_][d bWj_deWc[h_YWde ck[hjei c_[djhWi fWhj_Y_fWXWd [d c_i_e# d[i Z[b ;`ƒhY_je [ifW‹eb$
(23
;b fh_c[he \k[ @eh][ 7hdWbZe >[hd|dZ[p" Z[ eh_][d f[hkWde" ck[hje [b . Z[ `kb_e Z[ (&&, [d kd Wj[djWZe [d 7\]Wd_ij|d$ ;b (* Z[ `kd_e Z[ (&&-" i[_i
#+#5 " ĢĔŊ2#,#) -3#Ŋ#Ŋ(-!+42.Ŋ24/#1(.1Ŋ Ŋ+ Ŋ42 " Ŋ' !#Ŋ2¢+.Ŋ.!'.Ŋ"~ 2Ŋ!.-31 Ŋ .31.Ŋ!.-5.8ēŊ +Ŋ 13#$ !3.Ŋ#7/+.2(5.Ŋ(,/1.5(2 Ĺ ".ĔŊ1#+ 3¢Ŋ+ Ŋ (-(231 ĔŊ +! -9¢Ŋ#+Ŋ+ ".Ŋ "#1#!'.Ŋ"#+Ŋ +(-" ".Ŋļ (-!#ČĔŊ".-"#Ŋ 5( ) -Ŋ#+Ŋ2 1%#-3.Ŋ -4#+Ŋ 1%4"(-Ŋ #11(-.Ŋ8Ŋ+ Ŋ2.+" ".Ŋ (8(1#3'Ŋ (-#" Ŋ 1~-ĔŊ04(#-#2Ŋ$ ++#!(#1.-Ŋ#-Ŋ#+Ŋ !3.ēŊ
ĂˆYWiYei Wpkb[iÉ Z[ bW <_dkb" jh[i Z[ [bbei Z[ eh_][d YebecX_Wde #@[# Ăľ[hied LWh]Wi CeoW" Z[ (' W‹ei1 @WYaied 9WijW‹e 7XWZ‡W" Z[ (& W‹ei1 o @kWd ;h_Yaied FeiWZW" Z[ (& W‹ei#" ckh_[hed feh kdW [nfbei_ÂŒd Wb fWie Z[ ik l[^‡Ykbe Xb_dZWZe Y[hYW Z[ @_Wc" [d [b ikh Z[b B‡XWde$ ;b gk_dje \k[ IjWdb[o C[hW L[hW" Z[ eh_][d [YkWjeh_Wde" ck[hje [b (* Z[ i[fj_[cXh[ (&&- [d 7\]Wd_ij|d `kdje Wb [i# fW‹eb =[hc|d Fƒh[p 8kh]ei$ ;b '+ Z[ `kd_e Z[ (&&." [b YWXe <[b_f[ @WiÂŒd Eif_dW Lƒb[p" dWjk# hWb Z[ 9ebecX_W" f[hZ_ÂŒ bW l_ZW [d kd WYY_Z[dj[ Z[ jh|Ă’Ye [d [b B‡XWde$ ;b . Z[ [d[he Z[ (&'& [b [YkW#
"#( Ĺ‹ &# , Ĺ‹ Ĺ‹).,)Ĺ‹ #-# (. Ĺ‹
jeh_Wde 9^h_ij_Wd Gk_i^f[ f[h# Z_Œ bW l_ZW [d bW 8Wi[ Z[ 7feoe 7lWdpWZe Z[ >[hWj" jhWi i[h Wjhef[bbWZe feh kd l[^‡Ykbe$ >WijW Wo[h" [b ‘bj_ce c_b_jWh [ifW‹eb Z[ eh_][d bWj_deWc[h_# YWde \Wbb[Y_Ze [hW @e^d <[b_f[
Hec[he C[d[i[i" Z[ (' W‹ei o eh_][d YebecX_Wde$ Hec[he C[d[i[i ckh_Œ [b ' Z[ \[Xh[he Z[ (&'& [d kd WjWgk[ YedjhW jhefWi [ifW‹ebWi [d 7\]W# d_ij|d" [d [b gk[ ejhei i[_i iebZW# Zei h[ikbjWhed ^[h_Zei$
)')- 2/ & -ŋ -. $ (ŋ *,) #š(ŋ ŋ' .,#')(#)ŋ! 3ŋ Ŋ ĔŊ ŊěŊ BW Yeckd_ZWZ
} ĔŊ ŊěŊKde Z[ bei Z_i_Z[dj[i
Y^_dei c|i YedeY_Zei" >k @_W" \k[ b_X[hWZe Wo[h jhWi fWiWh jh[i W‹ei [d bW Y|hY[b" Z‡Wi Z[ifkƒi Z[ gk[ jWcX_ƒd gk[ZWhW [d b_X[hjWZ ejhe Yƒb[Xh[ Z[\[dieh Z[ bei Z[# h[Y^ei ^kcWdei" [b Whj_ijW 7_ M[_m[_$ ÆJhWi kdW deY^[ [d XbWdYe" >k @_W bb[]ÂŒ W YWiW W bWi &(0)& Z[ bW cW‹WdW$ JhWdgk_be" cko \[b_p$ xb d[Y[i_jW Z[iYWdiWh$ =hWY_Wi W jeZeiÇ" [iYh_X_ÂŒ ik [ifeiW" P[d] @_doWd" WYj_l_ijW W ik l[p Z[ bei Z[h[Y^ei ^kcWdei" [d ik Yk[djW Z[ Jm_jj[h$ >k @_W" Z[ )- W‹ei" \k[ Yed# Z[dWZe [d WXh_b Z[ (&&." kdei c[i[i Wdj[i Z[ bei @k[]ei Eb‡c# f_Yei" W jh[i W‹ei o c[Z_e Z[ fh_# i_ÂŒd feh _dj[dje Z[ ikXl[hi_ÂŒd W YWkiW Z[ iki Yec[djWh_ei fkXb_# YWZei [d ?dj[hd[j o [djh[l_ijWi YedY[Z_ZWi W bW fh[diW [njhWd`[# hW$ 9kcfb_ÂŒ YWi_ jeZW ik f[dW$ ;b Z_i_Z[dj[ jhef[pÂŒ Yed [b ]e# X_[hde Yeckd_ijW Wb Z[\[dZ[h W bei [d\[hcei Z[ i_ZW" [b c[Z_e Wc# X_[dj[ o [b cel_c_[dje feh bW Z[# ceYhWY_W Z[ bW FbWpW J_WdWdc[d$
¥ ēŊ Ŋ,(-(231 Ŋ"#Ŋ #$#-2 ĔŊ 1,#Ŋ ' !¢-ĔŊ(-$.1,¢Ŋ 8#1Ŋ2. 1#Ŋ#+Ŋ 3#-3 ".Ŋ #-Ŋ $% -(23;-ē
ēŊ 4Ŋ ( ē
>k @_W" ]WbWhZedWZe [d (&&. Yed [b fh[c_e IW`Whel W bW b_X[hjWZ Z[ YedY_[dY_W feh [b FWhbWc[dje ;khef[e o Y_jWZe W c[dkZe fWhW [b DeX[b Z[ bW FWp Z[iZ[ ik YedZ[dW" [i [b i[]kd# Ze Z_i_Z[dj[ \Wceie [d i[h b_X[# hWZe feh bWi Wkjeh_ZWZ[i Y^_dWi [d [ijei Z‡Wi$ ;b c_ƒhYeb[i feh bW deY^[" [b Whj_ijW 7_ M[_m[_ \k[ b_X[hWZe XW`e Ă’WdpW" Z[ifkƒi Z[ YWi_ jh[i c[i[i Z[ YedĂ’dWc_[dje o kdei Z‡Wi Wdj[i Z[ bW l_i_jW Z[b fh_c[h c_d_ijhe M[d @_WXWe W =hWd 8h[# jW‹W o 7b[cWd_W$
]Wo o b[iX_WdW Z[ Dk[lW Oeha Yedc[cehÂŒ Wo[h ik Ăˆ:‡W Z[b Eh# ]kbbeÉ Yed kd Z[iĂ’b[ feh bW Gk_d# jW 7l[d_ZW o Y[b[XhWdZe bW h[Y_ƒd WfheXWZW b[o gk[ f[hc_j[ [d [ij[ [ijWZe bei cWjh_ced_ei [djh[ f[hiedWi Z[b c_ice i[ne$ Æ=hWY_Wi" ]eX[hdWZeh 9ke# ceÇ \k[ bW b[o[dZW Z[ ckY^Wi fWdYWhjWi Z[ kde Z[ bei Z[iĂ’b[i c|i YedYkhh_Zei fWhW Y[b[XhWh W bW Yeckd_ZWZ ]Wo" b[iX_WdW" jhWdi]ƒd[he o X_i[nkWb Z[ Dk[lW Oeha o gk[ jkle" fh[Y_iWc[dj[" [d ik YWX[pW Wb ]eX[hdWZeh Z[b [ijWZe" [b Z[cÂŒYhWjW 7dZh[m 9kece" Whj‡ÒY[ Z[ bW b[o Wfhe# XWZW [b l_[hd[i o gk[ f[hc_j_h| bei cWjh_ced_ei ^ecei[nkWb[i Z[iZ[ Ă’d[i Z[ `kb_e$ ÆDk[lW Oeha ^W [dl_WZe kd c[diW`[ W bW dWY_ÂŒd$ OW [i ^ehW Z[ bW _]kWbZWZ [d [b cWjh_ce# d_eÇ" Z_`e 9kece YkWdZe Ye# c[dpÂŒ bW cWhY^W [d bW Gk_djW Wl[d_ZW Z[ CWd^WjjWd" WYec# fW‹WZe Z[ ik del_W" IWdZhW B[[" o lWh_ei feb‡j_Yei beYWb[i" Wb]kdei Z[ [bbei" Yece bW fh[# i_Z[djW Z[b 9edY[`e ckd_Y_fWb Z[ bW Y_kZWZ" 9^h_ij_d[ Gk_dd" WX_[hjWc[dj[ ^ecei[nkWb$
ēŊ ¢5#-#2ĹŠ/ 13(!(/ -ĹŠ 8#1ĹŠ "#+ĹŠ/./4+ 1ĹŠ"#2ă+#ĹŠ"#+ĹŠ 1%4++.ĹŠ 8Ä“
Ŋ2(".Ŋ4- Ŋ"#!(2(¢-Ŋ , 1 5(++.2 ēŊ +#5 Ĺ ,.2Ŋ,;2Ŋ"#Ŋ31#(-3 Ŋ  .2Ŋ)4-3.2Ŋ8Ŋ '.1 Ŋ-.2Ŋ 5 ,.2Ŋ Ŋ! 2 1Ģē
)-Ĺ‹6, )& -Ä…Ĺ‹-)&)-Ä…Ĺ‹()Ĺ‹ , ( ,6(Ĺ‹ &Ĺ‹ & (. '# (.) -ĹŠ"(+#, Ĺ—ĹŠĹŠÄĄ ĹŠ1#$.1#23 !(¢-ĹŠ#-ĹŠ2~ĹŠ-.ĹŠ#2ĹŠ4-ĹŠ /1. +#, ĔŊ#2ĹŠ/.2(3(5 ĔŊ/#1.ĹŠ-4#231 2ĹŠ !.-!+42(.-#2ĹŠ(-"(! -ĹŠ04#ĹŠ-.ĹŠ#2ĹŠ 4- ĹŠ'#11 ,(#-3 ĹŠ/ 1 ĹŠ!.-31.+ 1ĹŠ+ ĹŠ 3#,/#1 341 ĹŠ2(ĹŠ2#ĹŠ2(%4#-ĹŠ#,(3(#-".ĹŠ % 2#2ĹŠ"#ĹŠ#$#!3.ĹŠ(-5#1- "#1.ĹŠ!.,.ĹŠ 2#ĹŠ' !#ĹŠ !34 +,#-3#ĢĔŊ"#!+ 1¢Ŋ +Äą 5 1.ĹŠ .-3#-#%1.ĔŊ"#ĹŠ+ ĹŠ -(5#12(" "ĹŠ "#ĹŠ 3ēŊ 1 -!(2ĹŠ 5(#1Ä“ "#,;2ĔŊĥ-.ĹŠ/4#"#ĹŠ2423(34(1ĹŠ+ ĹŠ 1#"4!!(¢-ĹŠ"#ĹŠ#,(2(.-#2ĹŠ"#ĹŠ% 2#2ĹŠ "#ĹŠ#$#!3.ĹŠ(-5#1- "#1.ĢĔŊ ă1, ĹŠ#+ĹŠ #234"(.Ä“
Ĺ? ĂĈĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
ÄŠ
.1ĹŠ,;2ĹŠ04#ĹŠ1#$.1#23#-ĹŠ%1 -"#2ĹŠ#73#-Äą 2(.-#2ĔŊ2(ĹŠ-.ĹŠ2#ĹŠ ) -ĹŠ+ 2ĹŠ#,(2(.-#2ĔŊ-.ĹŠ ' 1;ĹŠ,#).1~ 2ĔŊ2#%ĂŒ-ĹŠ#7/#13.2Ä“ } ĔŊ š F[i[ W gk[ bei Xei#
gk[i ied _cfehjWdj[i ikc_Z[hei Z[ YWhXede" bei fheo[Yjei Z[ h[# \eh[ijWY_ÂŒd ‘d_YWc[dj[ j[dZh|d kd _cfWYje b_c_jWZe [d [b YWc# X_e Yb_c|j_Ye" WĂ’hcW kd [ijkZ_e Y_[dj‡ÒYe fkXb_YWZe [d bW h[l_ijW DWjkh[ =[eiY_[dY[$ L_l[a 7hehW" Z[ bW Kd_l[h# i_ZWZ Z[ L_Yjeh_W [d 9WdWZ|" o
Â&#x; ēŊ (ĹŠ+.2ĹŠ% 2#2ĹŠ"#ĹŠ#$#!3.ĹŠ(-5#1- "#1.ĹŠ2#ĹŠ2(%4#-ĹŠ%#-#1 -".ĹŠ-.ĹŠ' 1;ĹŠ- " ĹŠ 04#ĹŠ2#ĹŠ/4#" ĹŠ' !#1Ä“
Ă›blWhe Cedj[d[]he" Z[ bW Kd_# l[hi_ZWZ Z[ Ij$ <hWdY_i NWl_[h jWcX_ƒd [d 9WdWZ|" Z[iWhhe# bbWhed Y_dYe ceZ[bei Z[ h[\e# h[ijWY_ÂŒd ZkhWdj[ +& W‹ei" Z[ (&'' W (&,&$ Bei Y_[dj‡ÒYei [nWc_dWhed iki [\[Yjei [d [b ik[be" [b W]kW o [b W_h[ i_ bW j[cf[hWjkhW Z[ bW ikf[hĂ’Y_[ j[hh[ijh[ Wkc[djW ) ]hWZei [d ('&& h[if[Yje W bei d_l[b[i Z[ '.+&$ ēŊ .-ĹŠ!.-2("#1 ".2ĹŠ+.2ĹŠÄĽ/4+,.-#2ÄŚĹŠ"#+ĹŠ/+ -#3 ĹŠ/.1ĹŠ24ĹŠ3 1# ĹŠ"#ĹŠ/41(ă! 1ĹŠ ;b h[ikbjWZe Z[ck[ijhW #+ĹŠ (1#Ä“ gk[ _dYbkie i_ jeZWi bWi j_[# I[]‘d bei ejhei jh[i ceZ[bei"
#5#2ĹŠ,#).1~ 2 hhWi Ykbj_lWZWi Z[b ckd# Ze \k[i[d h[\eh[ijWZWi" ĹŠ KdW h[\eh[ijWY_ÂŒd Z[b h[\eh[ijWh bWi pedWi jhef_YWb[i [i [ie iebe XWijWh‡W fWhW +& Z[ bWi j_[hhWi Ykbj_lW# jh[i l[Y[i c|i [Ă’YWp fWhW Æ[l_jWh h[ZkY_h [b YWb[djWc_[dje ZWi iebe fheleYWh‡W kdW [b YWb[djWc_[djeÇ gk[ ^WY[hbe [d ]beXWb [d &"*+ ]hWZei [d ĹŠ"#$.1#23 Äą b_c_jWY_ÂŒd Z[b WbpW Z[ bW bWj_jkZ[i c|i [b[lWZWi o [d h[# !(¢-ĔŊ/1(-!(/ +Äą ,#-3#ĹŠ#-ĹŠ+ 2ĹŠ2#+Äą j[cf[hWjkhW Z[ &"(+e 9$ [b f[h_eZe (&.'#('&&$ ]_ed[i j[cfbWZWi$ ;ije i[ [nfb_YW [d fWhj_# 5 2ĹŠ31./(! +#2ĔŊ ;l_Z[dj[c[dj[" d_d# Bei Xeigk[i ied c|i eiYkhei ! 42 ĹŠ#-31#ĹŠ#+ĹŠ YkbWh fehgk[ i[ d[Y[i_jWd ÄˆÄ‡Ĺ˜ĹŠ8ĹŠ#+ĹŠÄ‰Ä‡Ĺ˜ĹŠ"#ĹŠ ]kdW Z[ [ijWi fheo[YY_e# gk[ bWi j_[hhWi Ykbj_lWZWi o feh be + 2ĹŠ#,(2(.-#2ĹŠ"#ĹŠ ZƒYWZWi fWhW gk[ bei Xei# % 2#2ĹŠ"#ĹŠ#$#!3.ĹŠ d[i [i h[Wb_ijW" ZWZe gk[ jWdje WXiehX[d c|i YWbeh$ FbWd# bWi j_[hhWi Ykbj_lWZWi ied jWh Xeigk[i [d kd ik[be YkX_[hje gk[i i[Wd ikĂ’Y_[dj[c[d# (-5#1- "#1.Ä“ j[ l_[`ei fWhW YWfjWh [b [i[dY_Wb[i fWhW Wb_c[djWh Z[ d_[l[ e Z[ Y[h[Wb[i Z[ Yebeh Z_ÂŒn_Ze Z[ YWhXede 9E( Wb fbWd[jW" ZedZ[ [d (&+& YbWhe Z_ic_dko[ [b Z[dec_dWZe l_l_h|d kdei /$&&& c_bbed[i Z[ [\[Yje ĂˆWbX[ZeÉ" gk[ h[Ă“[`W bW bkp gk[ gk[ZW [ijWdYWZe ZkhWdj[ f[hiedWi$ Z[b Ieb ^WY_W [b [ifWY_e$ i_]bei [d bW WjcÂŒi\[hW$
Ä Ä€
(++( ,ĹŠ #58ĹŠÄƒ+, 1~ ĹŠ#-ĹŠ .++86.."
/ !)ŋ ŋ" ,ŋ&& ' )ŋ& ŋ . ( #š(ŋ &ŋ*,). !)(#4 ,ŋ$/(.)ŋ ŋ
((# ,ŋ )* 4ŋ - ( -ŋ'/3ŋ ( (. -ŋ* , ŋ &ŋ0# )ŋ ŋ& ŋ (. (Ě . ąŋĒ ē'ŋ#(.)ŋ3)/ēąŋ #&&# 'ŋ 03ŋð,'šŋ )(., .)ŋ )(ŋ/( ŋ#'*),. (. ŋ ! ( # ŋ ŋ, *, - (. #š(ŋ ,.v-.# ŋ (ŋ -. )-ŋ (# )-Ąŋ !Ä(ŋ #( ),' -ąŋ 03ŋ, šŋ, # (. ' (. ŋ/(ŋ -.#(!ŋ* , ŋ ./ ,ŋ (ŋ /( ŋ(/ 0 ŋ* &v /& ąŋ (ŋ )( ŋ &ŋ .),ŋ*,#( #* &ŋ -ąŋ( ŋ'6-ŋ3ŋ( ŋ ' ()-ąŋ+/ ŋ )'ŋ ,/#- ĄŊ Ŋ Ŋ
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?ĂĈĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?Ĺ?
ĹŠ ĹŠ
, %#-ĹŠ#-ĹŠ!1(2(2
;b -,", Z[ bei [ifW‹eb[i l[ W ?iWX[b FWdje`W Yece kdW ck`[h cko WcX_Y_eiW o Wb]kdei h[Yk[hZWd gk[ bW jedWZ_bb[hW oW be [hW [d iki Yec_[dpei Yece Whj_ijW$ BW f[h_eZ_ijW o Wc_]W ‡dj_cW Z[ FWdje`W" 9^[be =WhY‡W" h[l[bW gk[ Æ?iWX[b [i WcX_Y_eiW [d ik jhWXW`e" f[he de [i kdW CWjW#>Wh_Ç$ JWcX_ƒd" [b +'"( Z[ bei [ifW‹eb[i Yh[[ gk[ i[ Wfhel[Y^ÂŒ [YedÂŒc_YWc[dj[ Z[ bW ck[hj[ Z[b jeh[he FWgk_hh_$ Ŋĉ
ĹŠ ĹŠ
% ĹŠÄĽ,4+3(! ÄŚ
+ĹŠ#2/.2.ĹŠ"#ĹŠ #--($#1ĹŠ ./#9ĹŠ !.-3¢Ŋ"#ĹŠ+ ĹŠ$.1, ĹŠ,;2ĹŠ- 341 +ĹŠ8ĹŠ 2(,/;3(! ĹŠ"41 -3#ĹŠ4- ĹŠ#-31#5(23 ĹŠ 04#ĹŠ!.-!#"(¢Ŋ +ĹŠ/1.%1 , ĹŠÄĽ '#ĹŠ .Äą -(%'3ĹŠ2'.6ĹŠ6(3'ĹŠ 8ĹŠ #-.ČŊĸ ĚŊ 04#ĹŠ#-31#- 1ĹŠ ĹŠ242ĹŠ%#,#+(3.2ĹŠ / 1 ĹŠ(1ĹŠ +ĹŠ  .ĹŠ ĹŠ' !#1ĹŠÄĽ"#+ĹŠ".2ÄŚĹŠ +#ĹŠ' ĹŠ!.23 ".ĹŠ24, ,#-3#ĹŠ! 1.ēŊ +ĹŠ! 2.ĹŠ$4#ĹŠ04#ĹŠ#+ĹŠ/#04# .ĹŠ 7ĹŠ 345.ĹŠ4-ĹŠÄĽ !!("#-3#ÄŚĹŠ#-ĹŠ+ ĹŠ/(2!(- ĹŠ "#ĹŠ4-ĹŠ'.3#+ĹŠ/.1ĹŠ#+ĹŠ04#ĹŠ +ĹŠ! -3 -3#ĹŠ +#ĹŠ! 1% 1.-ĹŠ+ ĹŠÄĽ,¢"(! ÄŚĹŠ24, ĹŠ"#ĹŠÄ?ĹŠ ,(+ĹŠ"¢+ 1#2ēŊ ĹŠ ĹŠ Â&#x;
ĹŠ ĹŠ
Ä ĹŠ2423(343 Ä&#x;
;b WdY_Wde [Z_jeh Z[ bW h[l_ijW ĂˆFbWoXeoÉ de [i Z[ bei Z[ WdZWh feh W^‡ jeZe Z[iYediebWZe feh _dYedl[d_[dj[i Yece [b Z[ gk[ ik fhec[j_ZW 9hoijWb >Whh_i iki# f[dZ_[hW ik XeZW W feYei Z‡Wi Z[b [l[d# je [b '. Z[ `kd_e$ Ik dk[le Yedik[be [i 7ddW Ief^_W 8[h]bkdZ" kdW Wif_hWdj[ W WYjh_p Z[ (+ W‹ei gk[ \k[ decXhWZW bW FbWo# cWj[ Z[ [d[he$ De eXijWdj[" d_ >k]^ >[\d[h d_ bW Y^_YW ^Wd YedĂ’hcWZe gk[ i[ jhWj[ Z[ kdW h[bWY_ÂŒd hec|dj_# YW$
ĹŠ ĹŠ ĹŠ
, 11 "(3.2
ĹŠ24/4#23 ĹŠ (2#74 +(" "ĹŠ"#ĹŠ 1 (%ĹŠ"(2Äą / 1¢Ŋ14,.1#2ĹŠ#-ĹŠ Ä“ ēŊ +ĹŠ1., -!#ĹŠ2#ĹŠ !.-.!(¢Ŋ ĹŠÄƒ-#2ĹŠ"#ĹŠÄ‰Ä‡ÄˆÄˆÄ“ Äľ ĹŠ š :Wd_[b 9hW_]" [b ‘b#
Yeb[i [d Dk[lW Oeha o W bW XeZW iebe Wi_ij_[hed bW ^_`W WZe# b[iY[dj[ Z[ 9hW_]" ;bbW" o Ŋ [b ^_`e Z[ M[_ip" >[dho" Z[ + W‹ei" WZ[c|i Z[ Zei -(#+Ŋ 1 (%Ŋ5.+Ĺ Wc_]ei Z[ bW \Wc_b_W$ 5#1;Ŋ +Ŋ!(-#Ŋ#-Ŋ
j_ce @Wc[i 8edZ Z[ bWi f[b‡YkbWi Z[b W][dj[ &&-" o bW WYjh_p HWY^[b M[_ip" fhe# jW]ed_ijW Z[ ĂˆĂ›]ehWÉ o ĂˆBW cec_WÉ" i[ ^Wd YWiWZe" Yed# Ă’hcÂŒ Wo[h [b h[fh[i[djWdj[ .!34 1#ĹŠ"#ĹŠÄ‰Ä‡ÄˆÄ‰Ä”ĹŠ Z[b WYjeh Xh_j|d_Ye" HeX_d !4 -".ĹŠ2#ĹŠ#231#Äą - 1;ĹŠ+ ĹŠ/#+~!4+ ĹŠ 8Wkd" gk[ de h[l[bÂŒ [b bk]Wh ĉĊŊ"#ĹŠ ,#2ĹŠ
.2ĹŠ !3.1#2ĹŠĹŠĹŠ .-"Ä“ e bW \[Y^W Z[ bW XeZW$ 9hW_]" Z[ *) W‹ei" iWbjÂŒ W ;b WYedj[Y_c_[dje bb[]W bW \WcW _dj[hdWY_edWb [d [d cec[djei [d gk[ i[ hkce# [b W‹e (&&, YkWdZe ikij_jkoÂŒ W hWXW kdW fei_Xb[ X_i[nkWb_ZWZ F_[hY[ 8heidWd Yece [b i[nje WY# Z[b Wjbƒj_Ye WYjeh" Yk[ij_ÂŒd gk[ jeh gk[ [dYWhdW Wb W][dj[ i[Yh[# d_ \k[ YedĂ’hcWZW d_ d[]WZW feh je Yed b_Y[dY_W fWhW cWjWh$ xb i[ [b W^ehW h[Y_ƒd YWiWZe" gk_[d de ^WX‡W i[fWhWZe Z[ ik fhec[j_ZW fWh[Y[ ^WX[hb[ YedY[Z_Ze Z[cW# IWjika_ C_jY^[bb [b fWiWZe c[i Z[ del_[cXh[" i_WZW _cfehjWdY_W$ ;d (&&+" M[_ip" Z[ *' W‹ei" I[]‘d bei c[Z_ei Xh_j|d_Yei" bW fWh[`W i[ YWiÂŒ [b fWiWZe c_ƒh# ]WdÂŒ kd âiYWh Yece C[`eh WYjh_p
Ä 4,.1#2ĹŠ (-$4-" ".2Ä&#x; Ĺ—ĹŠĹŠ
-ĹŠ, 8.ĹŠ"#ĹŠÄ‰Ä‡ÄˆÄ‡ĹŠ#+ĹŠ3 +.("#ĹŠ-.1Äą 3# ,#1(! -.ĹŠÄĽ '#ĹŠ 3(.- +ĹŠ -04(1#1ÄŚĹŠ /4 +(!¢Ŋ04#ĹŠ -(#+ĹŠ 1 (%ĹŠ' ~ ĹŠ2(".ĹŠ 5(23.ĹŠ (+ -".ĹŠ8ĹŠ!.,/ 13(#-".ĹŠ4-ĹŠ / 2(.- ".ĹŠ #2.ĹŠ!.-ĹŠ.31.ĹŠ'., 1#ĹŠ#-ĹŠ #+ĹŠ#23 !(.- ,(#-3.ĹŠ"#ĹŠ4-ĹŠ 1ĹŠ% 8ēŊ
.2Ŋ14,.1#2Ŋ5.+5(#1.-Ŋ!4 -".Ŋ + Ŋ,(2, Ŋ/4 +(! !(¢-Ŋ"().ĔŊ +Ŋ,#2Ŋ 2(%4(#-3#ĔŊ04#Ŋ 1 (%Ŋ' ~ Ŋ!.,/1 ".Ŋ 4- Ŋ-4#5 Ŋ! 2 Ŋ#-Ŋ -' 33 -ĔŊ 4#5 Ŋ .1*ĔŊ Ŋ31 5_2Ŋ"#Ŋ4-Ŋ %#-3#Ŋ"#Ŋ (#-#2Ŋ 1 ~!#2Ŋ04#Ŋ' Ŋ !34 ".Ŋ#-Ŋ5 1( 2Ŋ/#+~Ĺ !4+ 2Ŋ!.,.Ŋ !3.1Ŋ/.1-.Ŋ% 8ēŊ
i[YkdZWh_W feh ik _dj[hfh[jWY_ÂŒd [d bW f[b‡YkbW Ăˆ;b `WhZ_d[he Ă’[bÉ$ ;b ^_`e Z[ bW WYjh_p [i \hkje Z[ ik Wdj[h_eh h[bWY_ÂŒd Yed [b Z_h[Yjeh Z[b Ă’bc[ Ăˆ;b Y_id[ d[]heÉ" :Whh[d 7hede\iao" Z[ gk_[d i[ i[fWhÂŒ jhWi eY^e W‹ei Z[ h[bWY_ÂŒd$
¡ Ġ !(¢ũ4-ũ"~ ũ!.,.ũ'.8ğ
Ċŋ
?% D8I:<CF D<A@8 I% _d\a`X7cX_fiX%Zfd%\Z
ũ "ēũ+#ũ%423 -ũ+ 2ũ!.2 2ũ!.-23 -3#2ũ8ũ#2ı 3 +#2ũ8 ũ04#ũ#23.ũ1#/1#2#-3 ũ4- ũ143(- ēũ (-ũ#, 1%.Ĕũ +ũ,.,#-3.ũ"#ũ $1.-3 1ũ4- ũ ! , (.ũ#-ũ!4 +04(#1ũ;1# ũ "ēũ+.ũ 24,#ũ !.-ũ,4!' ũ$.13 +#9 ēũũ
EMBARCACIÓN DEL DILUVIO
ARBUSTO
CREMA DE LA
PERRO
SANTO EN PORTUGUÉS CALIFICACIÓN ESCOLAR DE TANTO GUERRILLA VASCA
ĸ %.23.ũĉĊũıũ2#/3(#, 1#ũĉĉĹ
ũ, "41#9ũ-.ũ#2ũ2(-¢-(,.ũ"#ũ , 1%41 ũ /.1ũ+.ũ04#ũ"# #ũ"#) 1ũ2 +(1ũ24ũ+ ".ũ,;2ũ '4, -.ũ8ũ!;+(".ēũ 1.!41#ũ!4,/+(1ũ+.ũ04#ũ /1.,#3#ēũ Ėũ -ũ242ũ, -.2ũ#23;ũ /1.%1 , 1ũ24ũ$#+(!(" "ũ8ũ/1.%1#2.ē
ũũ
ĸ2#/3(#, 1#ũĉĊũıũ.!34 1#ũĉĉĹ 23#ũ#2ũ4-ũ 4#-ũ,.,#-3.ũ/ 1 ũ2 +(1Ĕũ "(231 #12#ũ8ũ"(5#13(12#ėũ#5(3#ũ ũ3." ũ!.23 ũ+ ũ 2.+#" "ũ8ũ+.2ũ, +.2ũ1#!4#1".2ēũ ı Ėũ 1 )#ũ!.-ũ#-342( 2,.ũ, -3#-(#-".ũ + ũ2#1#-(" "ē
ũũ
ĸ.!34 1#ũĉĊũıũ-.5(#, 1#ũĉĈĹũ 42ũ ,(%.2ũ/4#"#-ũ-#!#2(3 1ũ /.8.ũ8ũ 2./.13#ũ#,.!(.- +ũ#-ũ#23#ũ,.,#-3.ēũ 4,#-3#ũ+ ũ!.,/1#-2(¢-ũ8ũ+ ũ3.+#1 -!( ũ !.-ũ+.2ũ"#,;2ēũ Ėũ (2$143#ũ+ ũ / 9ũ04#ũ' !#ũ/.2( +#ũ!.-ũ242ũ !3(34"#2ũ"#ũ )423(!( ũ8ũ .-" "ē
ũũ
ĸ-.5(#, 1#ũĉĉũıũ"(!(#, 1#ũĉĈĹũ
.2ũ/ 2.2ũ/ 1 ũ24ũ1# +(9 !(¢-ũ/#12.- +ũ /4#"#-ũ2#1ũ"(ă!4+3.2.2ũ/#1.ũ#23.ũ-.ũ"# #ũ 3(1+.ũ-(ũ"#2 -(, 1+.ũ#-ũ24ũ! ,(-.ēũ Ėũ "ēũ/4#"#ũ2#, 1 1ũ./3(,(2ı ,.ũ#-ũ+ 2ũ/#12.- 2ũ"#2#2/#1 " 2ēũũ
ũũ
ĸ"(!(#, 1#ũĉĉũıũ#-#1.ũĈĒĹ .1ũ#+ũ,.,#-3.ũ31 3#ũ"#ũ#5(3 1ũ#+ũ!.-3 !3.ũ !.-ũ#+ũ#731 -)#1.ũ8 ũ04#ũ#23#ũ-.ũ+#ũ#2ũ !.-5#-(#-3#ēũ 1.!41#ũ, 8.1ũ !3(5(" "ũ #-ũ24ũ31 ).ēũ Ėũ .-2_15#2#ũ ! +, ".ē
PARAFINA RÍO DE COLOMBIA RODAR CADERA
TERMINACIÓN
NORTEAMÉRICA MONEDA DE PERÚ
VERBAL CINCUENTA EN ROMANOS
SÍMBOLO DE
ATASCAR
PLANTA DE
DIOSA DE
CARBONO
LA TIERRA
FIBRA TEXTIL
LA SERIE DE TV. MUJERES ASESINAS
ŗũũũ
EXCAVASIÓN,
SÍMBOLO DE
CAMPÉON
PROYECTIL
DE ROMA
FÓSFORO
YACIMIENTO VOZ DE ARRULLO
EXTRAÑO LANCHÓN BOTIJO
ACTOR DE LA TELENOVELA MUJER DE MADERA
VASIJA PARA
EMBARCACIÓN
GUISAR
DE REMOS CERVEZA INGLESA
HUELGA
DIOS EN EL ISLAM
DIOS DE LOS
DIOS DEL
REBAÑOS RELATIVO A LOS RIÑONES
IGUAL
AMOR
ORIFICIO, HUECO
ESTADO DE BRASIL
Solución anterior RÍO DE ITALIA
Y N
R
C
E
A
O
M HIJO DE NOÉ
E
P
T
O
R
I
C
O
M
A
M
I
SÍMBOLO DE TECNECIO
DIOS DE LA INDIA
R A
DESTINO EN INGLÉS
AÑO EN INGLÉS
D
T A SANTUARIO
P T SIGNO GRAMATICAL DE ESTA MANERA
HUESO LARGO DEL BRAZO
RELIGIOSA
R
S
A
O
R
R
DIVIDIR UNA COSA
A
D
A
J
A
CERDOS ERRANTE, MIGRATORIO
A
VARIEDAD DE
R SÍMBOLO DE
ORQUIDIA
NOMBRE MASCULINO QUEBRADO
CANTÓN DE LOJA
M
A
CUERDA GRUESA
A
B
FALLAR
R
H
FRENAR
M
A
C
A
R
E
L
O
O
P
A
A
M
PALPITAR
R
I
T
R MORDICAR
TONTO EN KICHWA
ASIDERO
ADVERBIO DE
J ACTOR DE LA PELÍCULA ENEMIGOS PÚBLICOS
A
C
A
R
A
S
A
R
A
DE ESPARTO
POR LA MAÑANA
ASTURIÓN
O
C
T
R
O
LUGAR
ALTAR OBEDECER
A
R
REDUCCIÓN,
TALIA
RGOLLA
ÍMBOLO DE CARBONO EÑORA
FE;LC8KFI@F
R
A
BARIO
MERMA SÍMBOLO DE COBALTO
M
O
J
O
CUCHILLO
A
CAPITAL DE
O R A AI A M CELEBRIDADES S C S D8O MFE C8L< A D (/.0 $ (0-' =àJ@:F 8C<DÝE% <JKL;@F C8 A ;@=I8::@äE ;< CFJ I8PFJ O# T P ;<DFJKIä JL :8IÝ:K<I A M
O
I
O
R MANADA DE
P
DETENER,
N
ÈHW\W[bWÉ [i kdW dk[lW l[hi_ d Z[ bW j[b[del[bW l[d[pebWdW Z[b c_ice dec# Xh[" fheZkY_ZW feh DWj^Wb_[ BWhj_bb[kn" fhejW]ed_pWZW feh IYWhb[j Ehj_p" [d ik Z[Xkj [d bW j[b[l_i_ d c[n_YWdW o @eh][ FepW Yed bW fWhj_Y_fWY_ d Wd# jW] d_YW Z[ 9^WdjWb 7dZ[h[" 7hb[j^ J[h|d o bWi WYjkWY_e# d[i [ij[bWh[i Z[ :_WdW 8hWY^e o He][b_e =k[hhW$
PEQUEÑA MANTO BEDUINO
CORO
ROSTRO
D
N
PAJONAL CORTO
A
BONDADOSA OBSERVATORIO,
A
P
M
L
E
O
J
A
R
R
E
O
A
N
REZAR, SUPLICAR EN DOS PARTES
HOMBRE PENDENCIERO NAVE
A L A
MIRÓN
METAL
L GRAMO GATO EN INGLÉS
TRAMPA
M
I
C
A
F
TIEMPO
A
R
E
T
A
R
R
FRUTA CÍTRICA ARROJAR CURAR
B
O
S
A
L
LOCOMOTORA
C
ESTADO DE AMÉRICA DEL N. SOMBRERO
T
U
RELATIVO A LA
DIADEMA
N
A
A
N
A
A
PLANTA DE FIBRA TEXTIL NUEVE MÁS UNO
Z
R
T
SONIDO MAQUINAR,
CONFUSIÓN,
O
BULLICIO
M
A
DUEÑO
EN INGLÉS
FRAGUAR
NARIZ
R
TEJIDO DE LANA
ESCUCHÉ
CUERDA
ANTES DE CRISTO
APÓCOPE DE
SÍMBOLO DE
INGLÉS
RONDAR PAPÁ
GRIS, SOMBRÍO MARSUPIAL AUSTRALIANO ARTE DE PESCA
U
E
I
D
O
S
}
CALCIO
EXTENSIÓN
H
N
SÓDICO
ACCIÓN DE
C A
MAÍZ CLORURO
RATA EN
EMBUSTE,
A
TANTALIO
N
MOLÉCULA
O
SÍMBOLO DE
FRAGANCIA INSTRUMENTO MUSICAL GUARANÍ
PRIMER HIJO DE CAÍN DIOSA
ACTRIZ Y CANTANTE DE ESTADOS UNIDOS
VASIJA DE
N A
$ #+ ũ ĔũĈĎĖĈĎ
ENSENADA
RELATIVO AL
CARCOMER,
ũũ
GRITO TAURINO
HUESO DE LA
ACTRIZ DE
^ ũ
ĸ)4+(.ũĉĊũıũ %.23.ũĉĉĹũ -3#-% ũ+ ũ2#1#-(" "ũ#-ũ+.ũ04#ũ1#ă#1#ũ ũ + 2ũă- -9 2ũ8 ũ04#ũ+ ũ2(34 !(¢-ũ/1#! 1( ũ#2ũ / 2 )#1 ēũ # ũ,;2ũ/.2(3(5.ēũ Ėũ
.2ũ)423.2ũ2.-ũ!.-2314!3.1#2ũ"#ũ+ ũ/ 9ē
MISIVA
ESTADO DE
ĸ, 19.ũĉĈũıũ 1(+ũĈĒĹ -ũ#23#ũ,.,#-3.ũ#+ũ 4#-ũ;-(,.ũ8ũ+ ũ +#%1~ ũ2#1;-ũ242ũ$4#-3#2ũ,;2ũ(,/.13 -ı 3#2ũ"#ũ2 +4"ũ8ũ (#-#23 1ēũ Ėũ .+.ũ !.,/1#-"#ũ ũ+.2ũ.31.2ũ04(#-ũ !#/3 ũ04#ũ ! " ũ4-.ũ3(#-#ũ24ũ(-"(5("4 +(" "ē
ũũ
MAMÍFERO DOMÉSTICO TASÍN
MOLIBDENO
ũũ
ĸ)4-(.ũĉĉũıũ)4+(.ũĉĉĹ 1 3#ũ"#ũ2#1ũ4-ũ/.!.ũ,;2ũ!.,/1#-2(5.ũ8ũ "#,.231 3(5.ũ!.-ũ242ũ'#1, -.2ũ8 ũ04#ũ #++.2ũ#-!.-31 1;-ũ#-ũ "ēũ ũ4-ũ!.-2#)#1.ũ8ũ ,(%.ēũ Ėũ 1 ũ24/#1 1ũ+ ũ!1(2(2ũ ' 8ũ04#ũ3., 1ũ!.-!(#-!( ũ8ũ !34 1ē
LIZA PIÉLAGO
PUERTO DE MANABÍ SÍMBOLO DE
ĸ$# 1#1.ũĉćũıũ, 19.ũĉćĹũ #5(5(1ũ#+ũ1., -3(!(2,.ũ8ũ+.2ũ"#3 ++#2ũ#-ũ + ũ1#+ !(¢-ũ"#ũ/ 1#) ũ1# -(, 1;ũ24ũ, ı 31(,.-(.ēũ # ũ,;2ũ'4,(+"#ēũ Ėũ +ũ ,.1ũ!.,/ 13(".ũ#2ũ#+ũ/ 1 ~2.ũ"#+ũ !.1 9¢-ēũ
: ũũ
ARGOLLA
QUE NO CREE EN DIOS CIUDAD DE BRASIL
APÓCOPE
ũũ
ĸ, 8.ũĉĈũıũ)4-(.ũĉĈĹ
ũ2#1#-(" "Ĕũ#+ũ 4#-ũ;-(,.ũ8ũ#+ũ ,.1ũ 2.-ũ+.ũ04#ũ2#ũ-#!#2(3 ũ/ 1 ũ1#23 +#!#1ũ+ ũ 1,.-~ ũ"#-31.ũ"#ũ24ũ'.% 1ēũ #).1#ũ242ũ 1#+ !(.-#2ũ2.!( +#2ēũ Ėũ (,(#-3#ũ 24ũ/#12.- +(" "ũ2. 1#ũ#+ũ ,.1ē
SÍMBOLO DE CLORO
ĸ#-#1.ũĉćũıũ$# 1#1.ũĈĒĹ 1 3#ũ"#ũ2#1ũ,;2ũĄ#7( +#ũ8ũ (#13.ũ ũ+.2ũ ! , (.2ũ8ũ31 -2$.1, !(.-#2ũ8 ũ04#ũ 4-04#ũ/1.5.04#-ũ31 23.1-.2ũ2(#,/1#ũ 31 #-ũ!.2 2ũ/.2(3(5 2ũ!.-ũ#++.2ēũ Ėũ .ũ2#ũ %(3#ũ/.1ũ+.ũ04#ũ-.ũ /4#"#ũ1# +(9 1ē
āā
CHINO
LECHE
ũũ
ĸ 1(+ũĉćũıũ, 8.ũĉćĹ 1 3#ũ"#ũ"#,.231 1ũ,;2ũ#7/1#2(5 ,#-3#ũ #+ũ ,.1ũ8ũ+ ũ#-31#% ũ' !( ũ242ũ'().2ēũ 8Ì"#+.2ũ ũ24/#1 1ũ242ũ+(,(3 !(.-#2ũ8ũ 3#,.1#2ēũ Ėũ 4+3(5#ũ4- ũ2.-1(2 ũ 1#!.1" -".ũ+.2ũ,.,#-3.2ũ)4 (+.2.2ē
ŏ ĂĈŏ ŏ ŏ ŏĂĀāā
ŏ +. Čŏ
CAMINAR
TAPIR
ũũ
ĔũĉĉĖćć
Ċŋ
ŗũũũ
;b Y_[dj ÒYe 8hkY[ 8Wdd[h l_l[ W^ehW [iYedZ_Ze" _dj[d# jWdZe [dYedjhWh bW YkhW fWhW ik YedZ_Y_ d" gk[ ^WY[ gk[ i[ jhWdi\ehc[ [d kdW Ò[hW l[hZ[ ]_]Wdj[ YkWdZe [ij| XW`e [i# jh i _dj[die" [b ?dYh[ Xb[ >kba$ F[he bWi \k[hpWi c_b_jWh[i" gk[ ik[ Wd Yed Wfhel[Y^Whi[ Z[ iki feZ[h[i de be Z[`Wh|d [d fWp$ 7b lebl[h W bW Y_l_b_pWY_ d" 8Wdd[h [i XhkjWbc[dj[ f[hi[# ]k_Ze feh kdW Ò[hW Wj[hhWZe# hW Ykoei feZ[h[i i[ _]kWbWd Wb Z[b ?dYh[ Xb[ >kba$
.'-ũ (+3.ĸĈďćđıĈďĐČĹ
ŗũ ũFe[jW o [iYh_jeh _d]b i" Wkjeh Z[ È;b FWhW ie f[hZ_ZeÉ o È;b FWhW ie h[YeXhWZeÉ" kd Z W Yece ^eo Z[ ',,& \k[ YedZ[dW# Ze W bW Y|hY[b feh [b FWhbWc[dje Xh_j|d_Ye Z[X_Ze W iki _Z[Wi h[fkXb_YWdWi$ 9edi_Z[hWZe [d bei i_]bei feij[h_eh[i Yece kd fh[Ykhieh Z[b b_X[hWb_ice" [iYh_X_ gk[ bei h[o[i eXj_[d[d ik feZ[h Z[b fk[Xbe o feh be jWdje [ij[ j_[d[ [b Z[h[Y^e Z[ Z[ij_jk_hbe" [dYWhY[bWhbe [ _dYbk# ie YedZ[dWhbe W ck[hj[$ 7kjeh Z[ kdW _cfehjWdj[ eXhW fe j_YW o ZhWc|j_YW i[ h[YedeY[d iki _dÓk[dY_Wi feij[h_eh[i [d [b È<hWda[ij[_dÉ Z[ CWho I^[bb[o o [d @eh][ Bk_i 8eh][i$
+ũ -!1#~ +#ũ 4+*
: ũ }
2/#!(#2ũ,(%1 -ũ/.1ũ#+ũ"#2'(#+.ũ"#+ũ:13(!.ũ
Ĕũ ũě KdWi [if[Y_[i fhe# Y[Z[dj[i Z[b eY Wde FWY ÒYe" [d# jh[ [bbWi kd Z_c_dkje fbWdYjed o bW XWbb[dW ]h_i" ^Wd [djhWZe Wb 7jb|dj_Ye W jhWl i Z[b Ûhj_Ye feh bW h[ZkYY_ d Z[ bW YWfW Z[ ^_[# be gk[ ^W \ehcWZe kd Yehh[Zeh cWh_de feh [b dehe[ij[" i[] d h[l[bW kd _d\ehc[ fkXb_YWZe [d bW h[l_ijW ÈDWjkh[É$ Bei [nf[hjei i[ WbWd gk[ i[ jhWjW Z[b D[eZ[dj_YkbW i[c_# dW[" kd fbWdYjed c_YheiY f_Ye gk[ gk[Z [nj_dje ^WY[ c_b[i Z[ W ei [d [b 7jb|dj_Ye Dehj[
o gk[ Wkdgk[ [i \k[dj[ Z[ Wb_# c[dje de [i X_[d h[Y_X_ZW feh bei [nf[hjei" fk[i WÒhcWd gk[ YkWbgk_[h YWcX_e [d bW XWi[ Z[ bW h[Z Wb_c[djWh_W feZh W" Wb _]kWb gk[ kd j[hh[ceje" ceZ_# ÒYWh bW WYjkWb l_ZW cWh_dW Z[b 7jb|dj_Ye$ 7Z[c|i Z[ bW bb[]WZW Z[ bW Z_c_dkjW Wb]W" i[ ^W l_ije [d bWi YeijWi Z[ ;ifW W [ ?ihW[b W bW XW# bb[dW ]h_i \eje " kdW [if[Y_[ [n# j_d]k_ZW Z[b 7jb|dj_Ye ^WY[ jh[i i_]bei" fei_Xb[c[dj[ feh [nY[ie Z[ YWpW$ I[] d bei [nf[hjei"
bWi Yedi[Yk[dY_Wi d[]Wj_lWi Z[ [ijei YWcX_ei ied [l_Z[dj[i" fk[ije gk[ bW ceZ_ÒYWY_ d [d bW l_ZW Z[b fbWdYjed [ij| h[bW# Y_edWZW Yed bW YW ZW Z[ bWi [n_i# j[dY_Wi Z[ f[Y[i" Wi Yece Z[ f|`Whei Z[b CWh Z[b Dehj[ gk[ i[ Wb_c[djWd Z[ f[iYWZe$
Ä Ä‚
¢,.Ŋ2 #1Ŋ2(Ŋ+.2Ŋ ļ' !*#12ČŊ+#Ŋ 3 ! 1.-Ŋ
Ĺ?ĂĈĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
@D989LI8 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef (**- [\ cX :kX% :k\% Ef% **,'+,/+'+ g\ik\e\Z`\ek\ X G8JGL<C =CFI<J#89I8?8D$@J8@8J [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& ( d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ,)( Xc ,/' [\ cX :kX% :k\% Ef% *++.*00('+ g\ik\e\Z`\ek\ X G<IL>8:?@ JL8I<Q# >CFI@8$ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\$ i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& ) d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ).( mXcfi (%'''#'' [\ cX :kX% :k\% Ef% *+''..,)'+ g\ik\e\$ Z`\ek\ X GLG@8C<J :8DL<E$ ;F# ?<EIP$IFC8E;F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& * d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef .*.( [\ cX :kX% :k\% Ef% *('0,)'-'+ g\ik\e\Z`\ek\ X D<E<J<J K<I8E#G8FCF$ 8C@I@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:& + d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ,)* [\ cX :kX% :k\% Ef% *+)++/'-'+ g\ik\e\Z`\ek\ X :?8DFIIF :8JK@CCF# G8KI@$ :@8$>L8;8CLG< [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& , d^ C8K8:LE>8 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef +'( [\ cX :kX% :k\% Ef% *+(*0*,('+ g\ik\e\Z`\ek\ X M8C;@M@<QF :8JK<CF# AFJ<$ CL@J [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:& - d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef )'-/ mXcfi -''#'' [\ cX :kX% :k\% Ef% *(+''-0('+ g\i$ k\e\Z`\ek\ X FC@MF >I8EA8# =8LJKF$I8D@IF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& . d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef (+/) Xc (+/* [\ cX :kX% :k\% Ef% *(+)().''+ g\ik\e\Z`\ek\ X D8I@E :?8:FE# CL@J$?<I$ E8E [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:& / d^ D8E89@ HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef
.-0 Xc ..' [\ cX :kX% :k\% Ef% *+(*)0)-'+ g\ik\e\Z`\ek\ X M8I<C8 98II<@IF#98PIFE$ D@>L<C [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:& 0 d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ((, mXcfi (,'#'' [\ cX :kX% :k\% Ef% *+0)//)-'+ g\ik\e\Z`\ek\ X D8I:@CCF =CFI<J#8I><E@J$GC8:@;F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\$ i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (' d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ((+* mXcfi ,',#'' [\ cX :kX% :k\% Ef% *(-+)'*('+ g\ik\e\$ Z`\ek\ X 9L<E8M<EKLI8 ?8$ GG8:?<I# N8CK<I$I8LC [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (( d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef /0' mXcfi ,,,#'' [\ cX :kX% :k\% Ef% *(-,'/','+ g\ik\e\$ Z`\ek\ X Q8D9I8EF 98JLI$ KF# :@IF$;< CFJ J8EKFJ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& () d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef +** Xc +*+ [\ cX :kX% :k\% Ef% **-,,('-'+ g\ik\e\Z`\ek\ X Q8D9I8EF JFCFIQ8EF# I8$ DFE$8EK<IF [\c 9XeZf G`$ Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (* d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef +0' [\ cX :kX% :k\% Ef% **-,,('-'+ g\ik\e\Z`\ek\ X Q8D9I8EF JFCFIQ8EF# I8$ DFE$8EK<IF [\c 9XeZf G`$ Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (+ d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef +*0 [\ cX :kX% :k\% Ef% *+/0*-,+'+ g\ik\e\Z`\ek\ X J<II8EF ;8Q8#:8ICFJ$G8$ KI@:@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:& (, d^
G@:?@E:?8 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ))*. mXcfi (''#)/ [\ cX :kX% :k\% Ef% *((',(,0'+ g\ik\e\$ Z`\ek\ X :FIGFI8:@FE LE@$ K8I@8 ;< FI>%;< KLG@>8:?@ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\$ i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (- d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef% -,/$ -,0$-.* Xc .'' [\ cX :kX% :k\% Ef% *+'-0/)-'+ g\ik\e\Z`\e$ k\ X G@E:8P CFQ8EF#;<E@$ 8JD<; [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`$ ZXZ`�e% 8:& (. d^
444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef -,-'() mXcfi (%'-.#/. [\ cX :kX% :k\% Ef% *'(--/0-'+ g\ik\e\Z`\ek\ X 9I8MF M<E$ >F8# D8I:FJ$<;DLE;F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (/ d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef *., mXcfi ).'#'' [\ cX :kX% :k\% Ef% *).+)(.)'+ g\ik\e\$ Z`\ek\ X =LE;8:@FE 8::@FE D<;@:8 :FDLE@K8I@8 =8D< [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\$ i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& (0 d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ,.0 [\ cX :kX% :k\% Ef% *+))-.'+'+ g\ik\e\Z`\ek\ X :<;<EF HL@A@A<# AF?8$ E8$;<C IF:@F [\c 9XeZf G`$ Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& )' d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ,0) [\ cX :kX% :k\% Ef% *+))-.'+'+ g\ik\e\Z`\ek\ X :<;<EF HL@A@A<# AF?8$ E8$;<C IF:@F [\c 9XeZf G`$ Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& )( d^
7/#13.2Ŋ" -Ŋ/ 4Ĺ 3 2Ŋ/ 1 Ŋ04#Ŋ42Ĺ 3#"Ŋ-.Ŋ! (% Ŋ#-Ŋ+ Ŋ 31 ,/ Ŋ"#Ŋ04(#-#2Ŋ 4241/ -Ŋ#-Ŋ+ Ŋ6# ēŊ Ŋš C|i Wbb| Z[ be gk[ kde fk[#
ZW Yec[djWh ieXh[ ]hkfei Z[ ^WYaj_l_ijWi Yece 7dedoceki WdZ BkbpI[Y" de YWX[ ZkZW Z[ gk[ ied [Ă’Y_[dj[i [d be gk[ ^W# Y[d0 heXWh _d\ehcWY_ÂŒd Z[ XWi[i Z[ ZWjei" _d^WX_b_jWh j[cfehWb# c[dj[ i_j_ei Z[ ?dj[hd[j e _hhkc# f_h [d YecfkjWZehWi$ ;d bWi ‘bj_cWi i[cWdWi" _dj[# ]hWdj[i Z[ [ijWi W]hkfWY_ed[i gk[ l_dYkbWd iki WjWgk[i Yed Y_[hjW \ehcW Z[ WYj_l_ice i[ ^Wd WZ`kZ_# YWZe e ^Wd i_Ze WYkiWZei Z[ lWh_Wi e\[di_lWi _d\ehc|j_YWi [d bWi gk[ i[ l_[hed Yecfhec[j_Zei ZWjei f[hiedWb[i Z[ bei kikWh_ei$ ;d [b _dY_Z[dj[ c|i h[Y_[d# j[" BkbpI[Y Yeckd_YÂŒ gk[ heXÂŒ _d\ehcWY_ÂŒd Z[ kdW W][dY_W fe# b_Y_Wb Z[b [ijWZe Z[ 7h_pedW" [d ;ijWZei Kd_Zei$ ;b ]hkfe Z_`e gk[ Yed [ij[ WjWgk[" gk[ Z[dec_dÂŒ Ăˆ9^_d]W bW c_]hWÉ" b_X[hÂŒ ÆY_[djei Z[ Xe# b[j_d[i Z[ _dj[b_][dY_W fh_lWZei" cWdkWb[i Z[ [djh[dWc_[dje" Yehh[ei [b[YjhÂŒd_Yei f[hiedWb[i" decXh[i" d‘c[hei j[b[\ÂŒd_Yei" Z_h[YY_ed[i o YedjhWi[‹Wi Z[ bei
J8EKF ;FD@E>F
HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef )+,+ [\ cX :kX% :k\% Ef% *+)('/+-'+ g\ik\e\Z`\ek\ X :8JK@CCF FI<CC8E8#A8:@EKF$IF9<I$ KF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\$ i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& )) d^
KLE>LI8?L8 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef% *)0$**. Xc *+' [\ cX :kX% :k\% Ef% *)(**.'('+ g\ik\e\$ Z`\ek\ X IF;I@>L<Q 8:LI@F# DPI@8D$@E<J [\c 9XeZf G`$ Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& )* d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef (*'' [\ cX :kX% :k\% Ef% *+).'(..'+ g\ik\e\Z`\ek\ X 98C;FJG@E J8EK8E8# ;<@:P$D8I@<C8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\$ i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& )+ d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef (+(' [\ cX :kX% :k\% Ef% *+).'(..'+ g\ik\e\Z`\ek\ X 98C;FJG@E J8EK8E8# ;<@:P$D8I@<C8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\$ i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& ), d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef )-'' [\ cX :kX% :k\% Ef% *)(-*0,''+ g\ik\e\Z`\ek\ X <J:F98I <J:F98I# D8I$ :F$8EKFE@F [\c 9XeZf G`$ Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [ˆXj gfjk\i`fi\j X cX ’ck`dX glYc`ZXZ`�e% 8:& )- d^
" ! " ! ! " &" # & !' !2
W][dj[i Z[ i[]kh_ZWZÇ$ ;d Wb]kdei YWiei" Z_Y[d bei [nf[hjei [d i[]kh_ZWZ _d\ehc|# j_YW" bei ^WYaj_l_ijWi YebeYWd ik ĂˆXej‡dÉ [d i_j_ei Z[ ?dj[hd[j fWhW gk[ jeZei be fk[ZWd l[h$
[#cW_b i[ ^W l_ije Yecfhec[# j_ZW o [ij|d _dj[djWZe WYY[Z[h W jk Yk[djWÇ" [nfb_YW @Wl_[h Z[ bW 9^_YW" ][h[dj[ Z[ i[]kh_ZWZ _d\ehc|j_YW Z[ bW [cfh[iW 7b# jhWd [ _dl[ij_]WZeh Z[ bW Kd_# l[hi_ZWZ Feb_jƒYd_YW Z[ CWZh_Z" [d ;ifW‹W$ 23_ĹŠ 3#-3. ĹŠ ÆBe c|i i[dY_bbe [i HeX[hj HWY^mWbZ" Z_h[Yjeh [djhWh" feh [`[cfbe" Wb Z[ [ijhWj[]_W Z[ bW [cfh[iW -3#ĹŠ+ ĹŠ/1.$4Äą [ijWZekd_Z[di[ Z[ i[]kh_# 2(¢-ĹŠ"#ĹŠ!( #1 3 Äą =cW_b" YWcX_Wh bW YbW# ZWZ _d\ehc|j_YW ?cf[hlW" 04#2ĔŊ' -ĹŠ241%(Äą l[ o Y[hhWh bW i[i_ÂŒd$ Yec[djW gk[" W f[iWh Z[ ".ĹŠ4- ĹŠ2#1(#ĹŠ"#ĹŠ I_ ^Wo Wb]kdW f[hiedW /1.%1 , 2ĹŠ bWi Z_\_YkbjWZ[i" [b kikW# / %.2ĹŠ8ĹŠ%1 34(3.2ĹŠ Yed[YjWZW Yed jk dec# / 1 ĹŠ/1.3#%#1ĹŠ h_e Yec‘d fk[Z[ Z[j[YjWh ĂŒ-ĹŠ,;2ĹŠ+ ĹŠ/1(5 Äą Xh[ Z[ kikWh_e" i[ lW W 31.2ĹŠ!.-2#).2ĹŠ Wb]kdei i‡djecWi0 gk[ bW !(" "ĔŊ "#,;2ĹŠ Z[iYed[YjWh Wkjec|j_# / 1 ĹŠ/1.3#%#12# "#ĹŠ+.2ĹŠ!+;2(!.2ĹŠ YecfkjWZehW o bW Yed[n_ÂŒd / 04#3#2ĹŠ"#ĹŠ YWc[dj[$ E X_[d j[ lW Z[ ?dj[hd[j i[ lk[bl[d _d# 2.$36 1#ĹŠ"#ĹŠ -3(Äą 5(142ĹŠ8ĹŠ2#%41(" "ĹŠ W iWb_h kd c[diW`[ Z[ #-ĹŠ -3#1-#3ēŊ Wl_ie Z[ gk[ ^Wo ejhW kikWbc[dj[ b[djWi e Yehh[d -".-#ĹŠ4- ĹŠ/;%(- ĹŠ6# ĹŠ2(ĹŠ-.3 ĹŠ4-ĹŠ Ĺ—ĹŠĹŠ i[i_ÂŒd WX_[hjWÇ$ fhe]hWcWi [njhW‹ei feh# !.,/.13 ,(#-3.ĹŠ#731  .Ä“ Æ;ij[ fh_dY_f_e i[ fk[Z[ gk[ bei ^WYa[hi kiWd iki h[Ykhiei" 5(3#ĹŠ31 -2,(3(1ĹŠ(-$.1, !(¢-ĹŠ(,/.13 -3#ĹŠ Ĺ—ĹŠĹŠ e gk[ Æjki Wc_]ei h[Y_X[d [#cW_bi Wfb_YWh W ejhWi Yk[djWi Z[ [# ĹŠ31 5_2ĹŠ"#ĹŠ (Äą (ĹŠ/ĂŒ +(!.ĹŠ.ĹŠ%1 34(3.Ä“ jkoei fheceY_edWdZe YeiWi Yece cW_b o W bWi h[Z[i ieY_Wb[iÇ$ 4 -".ĹŠ 4204#ĹŠ!.-#7(.-#2ĹŠ (Äą (Ä–ĹŠ [b L_W]hWÇ$ Ĺ—ĹŠĹŠ 5#1(%Ă•#ĹŠ"¢-"#ĹŠ2#ĹŠ#23;ĹŠ!.-#!3 ".ĹŠ8ĹŠ2# ĹŠ 7b fWh[Y[h" [d [b YWie Z[b Ye# .ĹŠ"#)#ĹŠ/ 2 1 ! 43#+.2.Ä“ hh[e [b[YjhÂŒd_Ye h[ikbjW c|i ÂľF[he gkƒ fWiW i_ kde c_ice (ĹŠ42 ĹŠ4-ĹŠ2, 13/'.-#ĔŊ"#2!.-#!3#ĹŠ+ ĹŠ Ĺ—ĹŠĹŠ i[dY_bbe Z[j[YjWh i_ kde ^W i_Ze j_[d[ lWh_Wi i[i_ed[i WX_[hjWi ./!(¢-ĹŠ (Äą (ĹŠ"#ĹŠÄĽ 43.!.-#!3 12#ČēŊ XbWdYe Z[ kd Y_X[hWjWgk[$ Z[ kdW c_icW Yk[djW Z[ Ye# 4#-3#Ä–ĹŠ ĹŠ 1.4/ Æ>Wo kd cƒjeZe cko \|Y_b hh[e [b[YjhÂŒd_Ye" feh [`[cfbe fWhW iWX[h i_ bW YedjhWi[‹W Z[ jk [d bW YecfkjWZehW o [d [b j[bƒ\ede _dj[b_][dj[5 ÂľFk[Z[ [bbe ][d[hWh kdW \WbiW WbWh# cW5 ÂľO YÂŒce [l_jWh gk[ [ije ikY[ZW5 Æ>Wo gk[ Yed\_]khWh bei dWl[]WZeh[i Z[ \ehcW jWb gk[" Wb iWb_h" i[ Y_[hh[d jeZWi El Ăşnico tratamiento hormonal 100% bWi i[i_ed[i" i[ ^W]W kdW b_c# natural que hace que tus pompis sean f_[pW Z[ bei Yeea_[i o Z[b YW# mĂĄs grandes, duras y sexis, sin causar Y^ƒ$ ;i bW \ehcW c|i i[]khW efectos secundarios. GlĂşteos, gk[ [n_ij[$ I_ kde ^WY[ [ije" [b c[diW`[ Z[ gk[ ejhW f[hiedW porque para lucir mejor solo se [ij| kiWdZe dk[ijhW Yk[djW necesita tener unas Z[ [#cW_b [i YedĂ’WXb[Ç$ buenas pompis. <_dWbc[dj[" bei [if[Y_Wb_i# jWi WfkdjWd ejhe i‡djecW Wb gk[ Z[X[ fh[ijWhi[ Wj[dY_ÂŒd0 PĂdalo ya a los telĂŠfonos: i_ kde h[Y_X[ Yehh[ei \hWkZk# 088235194 – 052771196 b[djei Z[ ikfk[ijei XWdYei y se lo enviamos a e [cfh[iWi gk[ be _dl_jWd W [dl_Wh ZWjei f[hiedWb[i" [i cualquier parte del PaĂs. fehgk[ Wb]e WdZW cWb$ Para Loja 2589957
GLĂšTEOS
!"#$"%&"# '(!(
ēŊ -Ŋ242Ŋ,;2Ŋ1#!(#-3#2Ŋ 3 04#2ĔŊ+.2Ŋ' !*3(5(23 2Ŋ' -Ŋ1. ".Ŋ !.-31 2# 2ē
ÄˆÄˆÄ‡ĹŠ  .2ĹŠ ĹŠ + ĹŠ 241 ĹŠ
+ĹŠ!4 "1.ĹŠ "#ĹŠ+ ĹŠÄĽ -" ĹŠ .) ÄŚĹŠ! 8¢Ŋ#-ĹŠ 4-ĹŠ/.9.ĹŠ31 2ĹŠ !.-04(23 1ĹŠ24ĹŠ ĂŒ+3(,.ĹŠ3~34+.ĹŠ #-Ŋĉććđē
Ŋ ĔŊ Ŋě ;b H_l[h FbWj[
Wh][dj_de" gk[ feh fh_c[hW l[p [d iki ''& W‹ei Z[ ^_ijeh_W ^W Z[iY[dZ_Ze Z[ YWj[]eh‡W" eXjkle ik ‘bj_ce j‡jkbe Z[ YWcf[Œd [d [b jehd[e 9bWkikhW (&&." Z[i# fkƒi Z[ be YkWb [djhŒ [d Yh_i_i o [d YW‡ZW b_Xh[$ JhWi YkWjhe j[cfehWZWi Z[ i[gk‡W o Z[ kd cWhYWZe Z[i# [gk_b_Xh_e [d iki \_dWdpWi" [b
H_l[h Ă’Y^ÂŒ Yece [djh[dWZeh W :_[]e I_c[ed[ o Yedgk_ijÂŒ [b j‡jkbe Z[ YWcf[ÂŒd [d kdW YWcfW‹W gk[ [ijkle b[`ei Z[ Ă’]khWh [djh[ bWi c[`eh[i Z[ ik h_YW ^_ijeh_W$ :[ bei `k]WZeh[i Z[ Wgk[# bbW fbWdj_bbW Z[ijWYWXWd [b Y^_b[de 7b[n_i I|dY^[p" [b khk]kWoe I[XWij_|d 7Xh[k" [b YebecX_Wde HWZWc[b <Wb# YWe =WhY‡W o bei beYWb[i B[e# dWhZe Fedp_e" 7h_[b Ehj[]W o :_[]e 8kedWdejj[$ Bei hWi]ei Z[ Z[X_b_ZWZ [ _dYedi_ij[dY_W Z[ Wgk[b [gk_# fe gk[ZWhed [nfk[ijei [d [b jehd[e i_]k_[dj[" [b 7f[hjkhW Z[ [i[ W‹e" [d [b gk[ ikcÂŒ '& fkdjei [d '* fWhj_Zei" YWoÂŒ Wb ‘bj_ce fk[ije YbWi_Ă’YWjeh_e o i[ gk[ZÂŒ i_d jƒYd_Ye W YWkiW Z[ bW Z_c_i_ÂŒd Z[ I_c[ed[" gk_[d be]hÂŒ (& jh_kd\ei [d *+ [dYk[djhei beYWb[i [ _dj[hdW# Y_edWb[i$
7 I_c[ed[ b[ ikY[Z_[hed Y_dYe [djh[dWZeh[i c|i0 =WXh_[b HeZh‡# ]k[p" Dƒijeh =ehei_je" B[edWhZe 7ijhWZW" Ă›d][b 9WffW o [b WYjkWb" @kWd @eiƒ BÂŒf[p" o iebWc[dj[ eX# jkle )* jh_kd\ei [d ''* fWhj_Zei$ FWhW [l_jWh [b Z[iY[die" [b H_# l[h d[Y[i_jWXW ]WdWh Wo[h feh Zei
Ä Äƒ
0%!),+ (! 01. Ä Ä†Ĺ?)%*Ä‹
Ĺ?ĂĈĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ?
]eb[i Z[ l[djW`W Wdj[ [b 8[b]hWde Z[ 9ÂŒhZeXW" YkWdZe iebWc[dj[ ^WX‡W WdejWZe [iW YWdj_ZWZ Zei l[Y[i ZkhWdj[ [b 9bWkikhW (&''" Wdj[ [b Z[iY[dZ_Ze >khWY|d o [b D[m[bbÉi EbZ 8eoi" f[d‘bj_ce [d bW YbWi_Ă’YWY_ÂŒd$
;b [gk_fe Z[ BŒf[p jkle ik ‘bj_cW efehjkd_ZWZ jhWi eY^e `ehdWZWi i_d l_Yjeh_Wi" Yed YkWjhe [cfWj[i [ _]kWb YWd# j_ZWZ Z[ Z[hhejWi o jWcfeYe fkZe ]WdWh$
ADMINISTRADORA DE FONDOS Y FIDEICOMISOS
FIDEICOMISO MERCANTIL DE INVERSIÓN "AGIP EMPLEADOS"
ESTADO DE SITUACIÓN FINANCIERO AL 31 DE DICIEMBRE DEL 2010 (EXPRESADO EN MILES DE DOLARES ESTADOUNIDENSES )
ESTADO DE RESULTADOS INTEGRALES DEL 1 DE ENERO AL 31 DE DICIEMBRE DEL 2010 (EXPRESADO EN MILES DE DOLARES ESTADOUNIDENSES ) INGRESOS
ACTIVOS
Efectivo y equivalente de efectivo Activos Financieros A valor Razonable con cambios en resultados
Total activos
310
Activos netos atribuibles a los partĂcipes
21 66
Total ingresos
87
919
1,229
PASIVOS Y PATRIMONIO Cuentas por pagar Pasivos por impuestos corrientes Total pasivos (excluyendo activos netos atribuibles a los partĂcipes)
Ingresos por intereses Ganancias en inversiones
GASTOS 5 1 6 1,223
Honorarios de la administradora
9
Gastos Administrativos
6
Impuestos
12
Total gastos
27
Rendimientos del aĂąo distribuĂdos a Total pasivos y patrimonio
1,229
los partĂcipes
60
ēŊ 4% ".1#2Ŋ"#Ŋ (5#1Ŋ++.1 -Ŋ#+Ŋ"#2!#-2.ēŊ
!"#"$%&'()*$"+',)%-*#"*%.,&'%&',)".*#"* /"01"2,.*&%!"3%-"$,.*"&,-(+'&,.*#"-*.1$ !%/"&%!".
6 %)1%/ ' . !(+-!. . 0 %/*- . +-!.!)/ - 0) *"!-/ /7 )% 2 "% ) ) %!- + - ' -! '%3 %9) ! ' !' 8* )1% - ' *"!-/ /7 )% 2 "%) ) %!- .!#:) '*. /7-(%)*. ! -!"!-!) % %) '02!) * '*. +!-"%'!. ! ' !(+-!. 0 %/*- 2 * ! .0 !,0%+* 0 %/*- $ ./ !' ! &0)%* !
& $ ( # & !$' (-&" #$' & & # & '% ( *$' $")# &' ! ' ) #( $&& $ & $# )( * % ' $& $ # $ % ' $&
!! $)& ' + & $ ) $&
Ma. Fernanda Rocha APODERADA ESPECIAL
Lcda. Cristina LĂłpez CONTADOR GENERAL CPA 27623
Ä Ä…
Ĺ? ĂĈĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
ÂĄ
Ŋ! , ( 1Ŋ+ Ŋ(, %# ¥ ēŊ .2ŊĉĉŊ)4% ".1#2Ŋ#+#%(".2Ŋ/.1Ŋ#+Ŋ3_!-(!.Ŋ 4#" Ŋ/.2 -Ŋ -3#2Ŋ"#Ŋ5( ) 1Ŋ Ŋ+ Ŋ ./ Ŋ ,_1(! ē
ĹŠÄĽ 1(!.+.1ÄŚĹŠ/ 13#ĹŠ ĹŠ 1%#-3(- ēŊ +ĹŠ. )#3(5.ĹŠ #2ĹŠ"#) 1ĹŠ 31;2ĹŠ+.2ĹŠ1#24+3 ".2ĹŠ"#ĹŠ+.2ĹŠ/ 13(".2ĹŠ ,(23.2.2ĹŠ8ĹŠ' !#1ĹŠ4- ĹŠ 4#- ĹŠ/1#2#-3 !(¢-Ä“ BW I[b[YY_ÂŒd DWY_edWb i[ Z[if_# Z_ÂŒ Z[b fW‡i Wo[h Yed bW jhWZ_Y_e# dWb \eje eĂ’Y_Wb [d kd WcX_[dj[ Z[ [nf[YjWj_lW o j[di_ÂŒd [d bW 9WiW Z[ bW I[b[YY_ÂŒd" Z[X_Ze W bW Z[hhejW gk[ ik\h_ÂŒ [b i|XWZe Wdj[ Cƒn_Ye$ ;b [gk_fe Z_h_]_Ze feh [b Ye# becX_Wde H[_dWbZe Hk[ZW" W gk_[d fWhj[ Z[ bW W\_Y_ÂŒd f_Z[ ik iWb_ZW" i[ Z[ifbWpWh| [ij[ Z‡W
hkcXe W 7h][dj_dW" ZedZ[ i[ o @W_c[ 7oel‡ ĂˆeXb_]WhedÉ W gk[ Z_ifkjWh| bW 9efW 7cƒh_YW$ bei `k]WZeh[i i[ Yk_Z[d fWhW de gk[ZWhi[ \k[hW Z[ bW 9efW$ MWbj[h 7oel‡" YWf_j|d Z[ bW .ĹŠ1(-"(#1.-ĹŠ +ĹŠ,;7(,. Bei i[b[YY_edWZei cWd_\[ijWhed I[b[YY_ÂŒd" ieijkle gk[ bei h[ikb# gk[ i[ Yk_ZWhed fh[l_e Wb jehd[e jWZei Z[ bei fWhj_Zei Wc_ijeiei eĂ’Y_Wb o feh [bbe de h_dZ_[hed ied be Z[ c[dei$ ÆJ[d[cei gk[ Wb c|n_ce [d [b ‘bj_ce fWhj_Ze lWbehWh [b jhWXW`e gk[ i[ h[Wb_pÂŒ0 Wc_ijeie$ de i[ Z_[hed bei h[ikbjWZei" f[he Bei Wdj[Y[Z[dj[i Z[ bWi b[i_e# lWcei X_[d W bW 9efW 7cƒh_YWÇ" d[i Z[ Bk_i <[hdWdZe IWh_jWcW ieijkle$ 7]h[]ÂŒ gk[ [d bW Z[hhe#
jW Wdj[ Cƒn_Ye" bei i[b[YY_edWZei fh[Ă’h_[hed Yk_ZWhi[ o de Whh_[i# ]Wh ik fh[i[dY_W [d [b YecX_dWZe dWY_edWb$ 7djed_e LWb[dY_W" feh ik fWh# j[" Z_`e Yecfh[dZ[h bW ceb[ij_W Z[ bei ^_dY^Wi$ ÆGk[h‡Wd l[h Xk[dei h[ikbjWZei" Xk[d \‘jXeb" f[he de eYkhh_ÂŒ Wi‡Ç$ Gk_[d i‡ i[ ceijhÂŒ ceb[ije o Z_iYed\ehc[ Yed [b h[ikbjWZe \k[ 9h_ij_Wd DeXeW gk[ W\_h# cÂŒ gk[ `k]Whed cWb o ikXhWoÂŒ gk[ de ^Wo [nYkiW gk[ lWb]W$ F[he i[‹WbÂŒ gk[ [b fWhj_Ze Wdj[ Cƒn_Ye b[i Z[`Wh| _cfehjWdj[i b[YY_ed[i feh Wfh[dZ[h o b[i i[hl_h| XWijWdj[$
-ĹŠ%14/.ĹŠ!.,/+(! ".
;d YkWdje Wb jehd[e Yedj_d[djWb" bei `k]WZeh[i i[‹WbWd gk[ [b ]hk# fe [d [b gk[ [ij| ;YkWZeh [i Z_\‡Y_b" f[he WĂ’hcWhed gk[ W^ehW [i YkWd# Ze i[ j_[d[ gk[ l[h bW `[hWhgk‡W Z[ bei i[b[YY_edWZei$ DeXeW _dZ_YÂŒ gk[ ÆFWhW]kWo ^_pe kd ]hWd Ckd# Z_Wb" [d IkZ|\h_YW [b W‹e fWiWZe$ L[h[cei gkƒ fWiW [d bei fWhj_Zei fehgk[ YkWbgk_[hW fk[Z[ i[h W^e# hW kd ]hWd h_lWb" YkWbgk_[hW fk[# Z[ bb[]Wh W kdW Ă’dWb Z[b CkdZ_Wb Yece be ^_pe Khk]kWo$ OW de ^Wo kd h_lWb f[gk[‹e d_ kd h_lWb ]hWd# Z[0 jeZei ied ]hWdZ[i `k]WZeh[i i_ kd [gk_fe [ij| c[j_Ze o YecfWY# jeÇ" Ă’dWb_pÂŒ$
ÄĽ (-(ĹŠ 1(ÄŚĹŠ ĹŠ.!3 5.2ĹŠ "#+ĹŠ 4-"( +ĹŠ 4 ĹŠÄˆÄ?
ĉ ć
Be gk[ fWh[Y‡W kdW _dc_d[dj[ [b_c_dWY_ÂŒd [d bW fh_c[hW \[Y^W Z[b CkdZ_Wb IkX '- ;YkWZeh YWoÂŒ '#, Wdj[ 7b[cWd_W i[ jhWdi# \ehcÂŒ Wo[h [d kdW YbWi_Ă’YWY_ÂŒd ^_ijÂŒh_YW W bei eYjWlei Z[ Ă’dWb ĹŠ Ä“ Z[b jehd[e `kl[d_b$ BW ĂˆC_d_ Jh_É ikfe h[fed[hi[ W bWi WZl[hi_ZWZ[i o Wo[h" [d [b a_dW <Wie de fh[i[djÂŒ Wh]kc[d# fWhj_Ze c|i YÂŒceZe gk[ b[ jeYÂŒ jei fWhW Yedi[]k_h [b jh_kd\e$ [d\h[djWh" Z[hhejÂŒ (#& W 8kha_dW 7 f[iWh Z[ be Y[hhWZe gk[ h[# <Wie" feh [b =hkfe ;" gk[ \k[ ]W# ikbjÂŒ [b `k[]e [d [b bWfie _d_Y_Wb" ^kXe Wb]kdei Z[ij[bbei fWhW dWZe feh bei 7b[cWd_W$ Bei ]eb[i \k[hed Yedl[hj_Zei hecf[h bW cedejed‡W$ feh <hWdY_iYe 9[lWbbei Wb c_# ;d [b Yecfb[c[dje" [b YWc# dkje -* o A[l_d C[hYWZe f[ÂŒd W\h_YWde ^_pe feYe Wb -,$ feh bb[lWhi[ bW l_Yjeh_W o ĹŠ ;d [b fh_c[h j_[cfe" j[hc_dÂŒ Z[hhejWZe l‡Yj_# ;YkWZeh" iWX[Zeh Z[ gk[ cW Z[ kdW \WbbW [d bW cWh# [b [cfWj[ b[ ]WhWdj_pW# !4 ".1ĹŠ#-$1#-Äą 3 1;ĹŠ/.1ĹŠ+.2ĹŠ.!3 Äą YWY_ÂŒd Z[djhe Z[ ik |h[W o Z[ kd YedjhW]ebf[$ XW ik f[hcWd[dY_W [d [b 5.2ĹŠ"#ĹŠ$(- +ĹŠ ĹŠ CkdZ_Wb" de Whh_[i]ÂŒ c|i 1 2(+ĔŊ ĹŠ+ 2ĹŠÄˆÄŽÄ–Ä‡Ä‡ĹŠ @kd_eh IehdepW Z_e "#+ĹŠ/1¢7(,.ĹŠ W ;YkWZeh ik c|n_cW Z[ bW Yk[djW c_[djhWi 8kh# ,(_1!.+#2Ä“
."1~%4#9ĖŊļ 23 Ŋ #3 / Ŋ-.2Ŋ2(15(¢Ŋ / 1 Ŋ, "41 1Č ŊŊ +Ŋ3_!-(!.Ŋ"#Ŋ+ Ŋļ (-(Ŋ 1(ČĔŊ 5(#1Ŋ ŗ ."1~%4#9ĔŊ(-"(!¢Ŋ04#Ŋ24Ŋ2#+#!!(¢-Ŋ
' Ŋ(".Ŋ"#Ŋ,#-.2Ŋ Ŋ,;2Ŋ8Ŋ04#Ŋ#23 Ŋ #3 / Ŋ+#2Ŋĥ2(15(¢Ŋ/ 1 Ŋ, "41 1Ģē +Ŋ#-31#- ".1Ŋ#!4 3.1( -.Ŋ1#5#+¢Ŋ 04#Ŋ24Ŋ#04(/.Ŋ,#).1¢Ŋ#-Ŋ#+Ŋ31 3.Ŋ +Ŋ +¢-ĔŊ/#1.Ŋ04#Ŋ+ Ŋ! -!' Ŋ2(-3_3(! Ŋ -.Ŋ 84" Ŋ,4!'.Ŋ8 Ŋ04#Ŋ242Ŋ)4% ".Ĺ 1#2Ŋ-.Ŋ#23;-Ŋ !.234, 1 ".2ēŊ
Wfhen_cWY_Œd Wb c_dkje )&$ ;b lebWdj[ YeXhŒ kd j_he b_Xh[ o [b [i\ƒh_Ye fWiŒ Y[hYW Z[b |d]kbe ikf[h_eh Z[h[Y^e Wdj[ [b lk[be l_]_bWdj[ Z[b fehj[he I[d_ Ek[# ZhWe]e$ ;YkWZeh i[ [dYWc_dŒ Wb
ēŊ #5(-Ŋ #1! ".Ŋ, 1!¢Ŋ#+Ŋ2#%4-".Ŋ3 -3.Ŋ"#Ŋ !4 ".1ēŊ
jh_kd\e [d kdW `k]WZW W f[bejW fWhWZW$ @e[b LWb[dY_W cWdZŒ kd Y[djhe Z[iZ[ [b YeijWZe _p# gk_[hZe o 9[lWbbei WfWh[Y_Œ [d [b |h[W fWhW Z[il_Wh [b [i# \ƒh_Ye Yed bW YWX[pW o hkXh_YWh [b '#&$
;b (#& i[ Z[h_lŒ Z[ kd fWi[ Z[iZ[ [b c[Z_eYWcfe Z[ 9[lW# bbei Wb [ifWY_e fWhW gk[ [b `k]W# Zeh" \ehcWZe [d bW 7YWZ[c_W 7b# \Whe Ceh[de" Wi[]khWi[ [b jh_kd\e Yed kd jegk[ hWie Z[ pkhZW Wdj[ [b Whgk[he Ek[ZhWe]e$
ÂĄ ĹŠ
ĂĈĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. ÄŒĹ?
= * % 9 % : ; < ; 0
En constante crecimiento, capaz incluso de pelear la titularidad a Elizaga.
!
, , >1& ? ' 3% 4 " ,$>2 $ 5 @ $ # / 3% 4 $ > % > & " ' % & " ' ( 8 >$ % & 8 ( & , & " '
! " # $ % & ' ( & ' ) * + , $ % + '
! - ' ) $ & % ! ' - # & ' ' ! # '
) ,. ' + / & '
* + $
Despeja de puĂąos con frialdad y sale al uno contra uno sin miedo.
+ ( *
,5 . 2 & 3 4 " ,$>1 $ > @ $ # < B 3% 4 $ ,> % ,> & " ' , % & " ' , ( 8 1 2$ % & , : & , & " ' . 2 2$ / & , % &
1 ,, > & * 9 ) 3% 4 " ,$2 $ > @ $ # : 3% 4 $ Zaguero central Delantero ĂĄgil y fuer- & " ' te. Tiene poca expe- & " ' riencia a nivel internacional.
( & " '
Desde que se nacionalizara no ha debutado. Portentoso fĂsicamente.
& " % ,( *
,8 , 2>& 0 3 4 " ,$> $ 2 @ $ # 9 B 3% 4 $ & " ' & " ' ( & " '
0 0 0
, . 12& 3 4 . 5 , 67 & , % & ,8 & 2& .
.
&
"
! & / 0( * > 8 >,& ' 3% 4 " ,$>> $ >8 @ $ # 9 B 3% 4 $ > ,
Jugador corpulento & " ' de buen juego aĂŠreo. & " ' Es una alternativa en el equipo de Rueda.
( & " '
Ä Ä†
" ) * & )
1 >2& A ! 3% 4 " ,$5 $ > @ $ # 9 B 3% 4 $ % & " ' Joven, pero no en vano es el % & " ' titular del club mĂĄs importante del paĂs.
( & " '
Un trabajador que nunca falla. Se deja la energĂa en la cancha.
, " &
, , >8& B 3% 4 " ,$> $ 2 @ $ # < B 3% 4 $ & " ' & " ' ( , ,, >$ 67 & % & , & " '
* ! 1 + . 1 1 >>& % 3% 4 " ,$5 $ 2> @ $ # % 3% 4 $ , ,
Juventud: es el puntal & " ' de la renovaciĂłn que & " '
propone Ecuador para los siguientes torneos.
( 2 ,,$ % ? & " '
" - . 8 >1& ! 3% 4 " ,$> $ 22 @ $ # % 3% 4 $ , & " ' & " ' ( 8 >$ % ( & " '
Zaguero central Joven de gran experiencia internacional a nivel de club: en la selecciĂłn no se lo ve todavĂa.
" & ( * 5 > & B 3% 4 " ,$> $ >, @ $ # 9 B 3% 4 $ & " ' & " ' ( & " '
Ä Ä‡
ÂĄ ĹŠ
Ĺ? ĂĈĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä Ĺ?
Ĺ? +. Ĺ?
! !
! ! " ! # ! $ ! ! " % ! El mĂĄs completo que ha dado % ! Ecuador en aĂąos. Sube y baja sin cansarse.
& ' ! !"#
& % !
Esforzado, veloz y oportuno en sus incorporaciones desde segunda lĂnea.
& ) ! $ . ' 1 2 3 # ! " ! . # ! 7 &# 8 9 7 -# $ ! ! " % ! % !
& ' ! $ $ -#
& % !
Habilidad y buena finta, con presencia en el ĂĄrea contraria.
+ + ! . 1 2 3 # ! " ! # ! 4 #- !"# $ ! ! " % ! % !
& ' ! ' !"#
& % !
Zaguero central Jugador histĂłrico y lĂder de la selecciĂłn. Volante ofensivo de gran visiĂłn de juego.
! $ %& ! ' " ! # ! $ ! $' ! ' " % ! % !
! ' ' - - ! " ! # ! * + )# ( #) $ ! . ! " % ! Fortaleza fĂsica, remate seco % !
/ 0 ! $ - - ! " ! # ! ) 2 !"# $ ! ' ! " % ! El lĂder y capitĂĄn del combina- % !
y un papel principal en el quite de pelota.
do muestra sabidurĂa y tĂŠcnica con la zurda.
& ' ! -) #
& % ! /0#
. - + # ! ' ' ! ' " ! # ! 0 -) 5 #) % ) $ ! . ! " % ! Talentoso y referente de los % ! suyos. Una bala por la banda y preciso en todo.
Se deja caer a la banda. Encarar al rival y regatearle es su principal arma.
& ' ! . . 6 -
& % ! /0#
2 0 2 ! ' ( #) ! " ! # ! 4 ) - !"# $ ! ' ! ' " % ! % !
& ' ! ' = 9
& % ! /0#
& ' ! 6 -
& % ! !"#
ReencarnaciĂłn de AgustĂn Delgado en cuanto chut y hambre de gol.
1 1 0 ! - - ! " ! # ! : !"# $ ! ' ! " % ! % !
& ' ! . $ !"#
& % !
Zaguero central Mediocampista de marca y apoyo. El remate de larga distancia es uno de sus fuertes.
+ , - ' ! 1 2 3 # ! " ! ' # ! $ ! ' ! " % ! % !
& ' ! . !"#
& % !
) * + ! ( #) ! " ! # ! * + )# ( #) $ ! ! " % ! Labor silenciosa pero efectiva % ! en lo que al marcaje se refiere.
& ' !
& % !
& ' ! % ,
& % !
EstĂĄ en racha goleadora con su club. La Copa AmĂŠrica puede relanzarle.
! ' $ 1 2 3 # ! ' " ! # ! ) -+ ; $ ! ! " % ! % !
& ' ! . ' ' < 2
& % ! /0#
Potencia para interceptar balones al borde del ĂĄrearival. Temible cabeceo.
+ 3 ! ' $ 1 2 3 # ! $ " ! # ! 1 ) ! # $ ! ! " % ! % !
& ' !
& % !
(1#ũ242ũ$.3.2ũ#-Ė 666ē+ '.1 ē!.,ē#!
ĂĈŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ ŏ
.2#2(¢-ũ "#ũ! 1%.ũ
āā
(ŋ& ŋ , ')(# ŋ ŋ()'Ě , '# (.)ŋ ŋ& ŋ(/ 0 ŋ #Ě , .), ŋ ,)0#( # &ŋ ŋ& ŋ ! ( # ŋ ŋ , (-#.)ąŋ /.),#Ě -ŋ ŋ#(0#. )-ŋ -* # & -ŋ *)- ,)(ŋ* , ŋ& ŋ& (. ŋ ŋ # ,#)ŋ ŋ ), Ą
'(,ũ '(*ũ8ũ 2'(-3.-%ũ (3.-%ũ
1 !(#+ ũ 1 ' ,ũ8ũ 18ũ 2/ 19 ũũ
1!.2ũ 4(-3 - ũ8ũ 1+.2ũ ++#ũ
1(23( -ũ 1 ũ8ũ 1+.2ũ +5 1 ".ũ
-3.-(.ũ ~ 9ũũ8ũ -1(04#ũ .2#1.ũ
/#1341 ,-)( &ŋ &ŋ ŋ ŋ#(0#. Ě )-ŋ -* # & -ŋ,  ,)(ŋ& ŋ #( /!/, # (ŋŋ &ŋ*,)!, ' ŋ ŋ * #. # (ŋ3ŋ /&./, ŋ .,# /. ,# ŋ (ŋ &ŋ- & (ŋ ŋ& ŋ #/ ŋ ŋ ")3)Ąŋŋŋŋ
#!(+( ũ (!#".ũ8ũ 4 -ũ (%4#+ũ 5(+_2ũ ĸ (1#!3.1ũ1#%(.- +ũ Ĺũ (-3( ũ _1#9Ĕũ !04#+(-#ũ !'(Ĕũ 31(!( ũ +, ũ8ũ #!(+( ũ (!#".
1(2.+ũ 4(+! /(Ĕũũ _!3.1ũ (-3.ũ8ũ "#+(- ũ Ì (% ũũ
#!(+( ũ +5 1 ".Ĕũ 13' ũ 4(-!' Ĕũ #1!#"#2ũ +#!(.ũ8ũ 1,#-ũ .2!.2.ũ
,#+ũ 1!~ Ĕũ 4-(!#ũ .1;-ũ8ũ (1( ,ũ .1 ũ
Ĺ? Ĺ?
Ĺ?
Ĺ? Ĺ?Ĺ?Ä Ä‚ÄĄÄŠ
Ä Ä‚
Ĺ?Ĺ? ĂĈĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? Ĺ? ƒ
.+# " Ŋ -.2Ŋ2 !¢Ŋ "#+Ŋ2¢3 -.
¥ ēŊ #.- 1".Ŋ 1!~ Ŋ8Ŋ 4+(.Ŋ .+, -ĔŊ+.2Ŋ 43.1#2Ŋ"#Ŋ+.2Ŋ!(-!.Ŋ%.+#2Ŋ04#Ŋ+#Ŋ"(#1.-Ŋ#+Ŋ31(4-$.Ŋ Ŋ #/ēŊ 4#5#".ēŊ
.2ĹŠ1#24+3 ".2ĹŠ)4% 1.-ĹŠ ĹŠ24ĹŠ $ 5.1ĔŊ '.1 ĹŠ#+ĹŠ~".+.ĹŠ1(.2#-2#ĹŠ 2#ĹŠ4 (! ĹŠ.!3 5.ēŊ ĹŠÄ› :ei Z[bWdj[hei de fhe# ]hWcWZei o b[i_edWZei \k[hed bei fhejW]ed_ijWi Z[b fWhj_Ze gk[ Yed ]eb[WZW ]WdÂŒ :[fehj_le Gk[l[Ze Wo[h" [d [b [ijWZ_e I_[j[ Z[ EYjkXh[$ ;b fWhW]kWoe @kb_e 9ƒiWh 9eb# cWd" Yed kdW W\[YY_ÂŒd [d kde Z[ iki ckibei o Ăˆ;b 9^k[YeÉ B[e# dWhZe =WhY‡W" gk_[d i[ h[Ykf[hW Z[ kdW \hWYjkhW [d [b jWX_gk[" \k[hed bei Wkjeh[i Z[ bW jhWdgk_# b_pWdj[ l_Yjeh_W +#& ieXh[ bW Kd_# l[hi_ZWZ JƒYd_YW Z[ 9ejefWn_$ BW Yk[djW i[ WXh_ÂŒ Wb c_dk# je -$ 9kWdZe c|i Zec_dWXW [b Yed`kdje YejefWn[di[" :[fehj_#
le Gk[l[Ze i[ fkie [d l[djW`W Yed ik fh_c[hW bb[]WZW Wb WhYe Z[ @kWd 9Whbei IWdWXh_W" [b bWj[hWb A[l_d 9^ƒhh[p [dl_ÂŒ kd Y[djhe Wb |h[W fWhW ^WX_b_jWh W 9ebcWd" gk_[d Z[ YWX[pW c[j_ÂŒ [b [i\ƒh_Ye Wb \edZe Z[ bWi cWbbWi$ Bk[]e \k[ [b jkhde fWhW =WhY‡W" Wgk‡ dk[# lWc[dj[ 9^ƒhh[p fkie ik Ă’hcW Yece YeWkjeh Wb eh_]_dWh kdW \WbjW f[dWb YkWdZe i[ Z_ifed‡W W ^WY[h ik ]eb" [b pW]k[he L‡Yjeh =edp|b[p i[ be _cf_Z_ÂŒ Yed kdW \WbjW gk[ \k[ iWdY_edWZW Yed bW c|n_cW f[dW feh [b `k[p :_[]e 9_id[hei1 Ăˆ;b 9^k[YeÉ i[ fWhÂŒ i[]khe \h[dj[ W bW fehj[h‡W Z[ IW#
#1(#ĹŠ
#24+3 ".2
+ ĹŠ"#ĹŠ/.2(!(.-#2
#!' Ŋĉć .! $4#13#Ŋ
ĹŠ
Ä‰ÄąÄˆĹŠ ćĹĉŊ
#/ēŊ 9.%4#2 (5#1Ŋ + 3#
ēŊ -(5#12(3 1(.Ŋ
ćĹĉŊ
! 1;
++#Ŋ"#+Ŋ '.3 Ŋ ēŊ 3¢+(! Ŋ
ĊĹĉŊ ĊĹćŊ
1#!( ēŊ 4" 9
dWXh_W o Yed kd Z[h[Y^Wpe WdejÂŒ [b i[]kdZe W bei É')$ ;b Yed`kdje l_i_jWdj[ jhWjÂŒ Z[ h[WYY_edWh Yed [b WYY_edWh Z[ <_Wbbei" F[dWoe o Gk_‹Œd[p" gk[ ][d[hWhed f[b_]he [d c|i Z[ kdW eYWi_ÂŒd [d bW pW]W gk[l[Z[‹W" f[he kdW \WbbW Z[b Whgk[he IW# dWXh_W f[hc_j_ÂŒ gk[ :[fehj_le Gk[l[Ze Wkc[djWhW bW Yk[djW$ @^ei[ 8[hc‘Z[p" gk_[d i[ Z[i# [cf[‹Œ Yece lebWdj[ Z[ fh_#
04(/.2ĹŠ
ŗŊ ēŊ -(5#12(3 1(.Ŋ ŗŊ ++#Ŋ "#+Ŋ '.3 Ŋ ŗŊ ēŊ 3¢+(! ŊŊ ŗŊ .! $4#13#Ŋ ŗŊ (5#1Ŋ + 3#Ŋ ŗŊ ! 1;ŊŊ ŗŊ 1#!( ŊŊŊ ŗŊ #/ēŊ 4#5#".Ŋ ŗŊ #/ēŊ 9.%4#2ŊŊ ŗŊ Ŋ Ŋ ŗŊ ēŊ 4" 9ŊŊ ŗŊ (% Ŋ"#Ŋ .13.5(#).Ŋ Ŋ
ĹŠ
ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ
ĹŠ
ĉćŊ ĉćŊ ĉćŊ ĉćŊ ĉćŊ ĉćŊ ĉćŊ ĉćŊ ĉćŊ ĉćŊ ĉćŊ ĉćŊ
c[hW b‡d[W b[ Z_e fWi[ W 9ebcWd" gk_[d Yed bW fkdjW Z[ ik Xej‡d Z[h[Y^e WbYWdpŒ W jeYWh [b XWbŒd fWhW l[dY[h feh j[hY[hW eYWi_Œd Wb ]eb[he YejefWn[di[$
ĹŠ
ÄŒÄ‘ĹŠ ÄŠÄŒĹŠĹŠ ÄŠÄ?ĹŠĹŠ ÄŠÄŠĹŠ ĊĉŊŊ ĊĉŊŊ ĉĊŊŊ ĉćŊ ÄˆÄ’ĹŠĹŠ ÄˆÄ’ĹŠ ÄˆÄ‘ĹŠĹŠ ÄˆÄ‘ĹŠ
ĈÄ? ÄŠ Ĉć Ä’ ĈĈ Ĉć ÄąÄˆÄŠ ĹŠÄąÄˆ ÄąÄ? ĹŠÄąÄˆÄ? ĹĒ ĹŠÄąÄˆÄ‰ĹŠ
7/4+2(.-#2ĹŠ8ĹŠ,;2ĹŠ%.+#2
O Wi‡ Yece i[ l_d_[hed bei ]e# b[i fWhW [b Zk[‹e Z[ YWiW" bb[]W# hed bWi [nfkbi_ed[i fWhW bei Z[b Ăˆ;dik[‹e YejefWn[di[É" fk[i Wb jƒhc_de Z[b fWhj_Ze [b `k]WZeh M_bb_Wc 9[lWbbei \k[ [nfkb# iWZe Z[b YWcfe Z[ `k[]e feh h[YbWcei Wb |hX_jhe$ ;d bW i[]kdZW [jWfW i[ h[]_i# jhWhed Zei iWb_ZWi c|i" :_[]e HeZh‡]k[p o 9ƒiWh ;ijkf_‹|d jWcX_ƒd jkl_[hed gk[ WXWd# ZedWh [b YWcfe Z[ `k[]e feh Z[Y_i_ÂŒd Z[b |hX_jhe 9_id[hei$ 9ed eY^e ^ecXh[i [d YWdY^W b[i YWoÂŒ bW YkWhjW Yedgk_ijW" ejhW iWdY_ÂŒd Z[ j_he f[dWb" ƒijW l[p \k[ 9ebcWd gk_[d i[ Wd_cÂŒ W f[# ]Whb[ o WY[hjÂŒ" W bei É,, :[fehj_le Gk[l[Ze ]WdWXW *#&$ F[he f[i[ W [ijW Wcfb_W l[djW# `W [d ]eb[i o `k]WZeh[i" [b fbWdj[b he`e o Wpkb i[ Yecfb_YÂŒ o de fkZe WdejWh c|i gk[ kd iebe ]eb" be Yedi_]k_ÂŒ B[edWhZe =WhY‡W W bei É**$ ÆDe jkl_cei YbWh_ZWZ [d [b WjWgk[ W f[iWh Z[ [ijWh [d l[djW`W dkcƒh_YW o Z[ _h ]WdWdZeÇ" h[Ye# deY_ÂŒ [b Z_h[Yjeh jƒYd_Ye M_bied 7hcWi" gk_[d i[‹WbÂŒ gk[ W‘d gk[ZWd ckY^Wi YeiWi feh Yehh[# ]_h" f[he gk[ feh W^ehW ^Wo gk[ Y[b[XhWh bW Wb_l_Wdj[ l_Yjeh_W$ ;b fhÂŒn_ce h_lWb [i H_l[h FbW# j[" i[ [d\h[djWh|d [b i|XWZe W bWi '(0&&" [d =kWoWgk_b$
ĹŠ
1+ -".Ŋ .#++.Ŋ #¢-
Ä Äƒ
Ĺ? ĂĈĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? Ĺ? ƒ
ĹŠ ĹŠ :
<k[ kd XWigk[jXeb_ijW Z[ ]hWd# Z[i WYj_jkZ[i" WfeZWZe Z[iZ[ f_X[ Yed [b cej[ Z[ ÆF[iYWZ_jeÇ1 dWY_ÂŒ [d bW Y_kZWZ Z[ Gk[l[# Ze" j_[d[ i[i[djW o Y_dYe W‹ei Z[ [ZWZ1 ik cWZh[ i[ bbWcW <_bWZ[bĂ’W B[ÂŒd HeZh‡]k[p1 ik fWZh[ Dƒijeh 9e[bbe BWXehZ[ ! 1 ^WX_jW [d bW fWhhegk_W IWd 9h_ijÂŒXWb" Z[ bW Y_kZWZ Z[ Gk[# l[Ze1 iki [ijkZ_ei fh_cWh_ei bei h[Wb_pÂŒ [d bW [iYk[bW CWdk[b @$ 9Wbb[1 bei i[YkdZWh_ei [d [b Yeb[]_e D_Yeb|i ?d\Wdj[ :‡Wp1 o bei ikf[h_eh[i [d bW Kd_l[hi_ZWZ JƒYd_YW Z[ 8WXW^eoe 8WX# W^eoe " [d ZedZ[ i[ _dYehfehÂŒ Yece B_Y[dY_WZe [d 9_[dY_Wi Z[ bW ;ZkYWY_ÂŒd" [if[Y_Wb_pW# Y_ÂŒd B_j[hWjkhW o 9Wij[bbWde1 bk[]e [ijkZ_ÂŒ [d bW Kd_l[hi_ZWZ JƒYd_YW ;ijWjWb Gk[l[Ze" ZedZ[ jWcX_ƒd i[ _dYehfehÂŒ Yece 7Xe]WZe Z[ bei Jh_XkdWb[i Z[ @kij_Y_W1 [d bW ^_ijeh_W [ij| Yed# i_Z[hWZe Yece kdW Y[b[Xh_ZWZ Z[b Z[fehj[ Z[b XWigk[jXeb Z[b Wo[h1 kd `k]WZeh gk[ i[ \ehcÂŒ [d bW YWdY^W Z[b Yeb_i[e Æ9_kZWZ Z[ Gk[l[ZeÇ1 WYjkWbc[dj[ jhW# XW`W Yece fhe\[ieh [d [b Yeb[]_e D_Yeb|i ?d\Wdj[ :‡Wp" KD?7D# :;I" o Kd_l[hi_ZWZ JƒYd_YW Z[ 8WXW^eoe" ;nj[di_ÂŒd Gk[l[Ze1 `k]WdZe kd Xk[d XWigk[jXeb" i[ _d_Y_ÂŒ [d [b D_Yeb|i ?d\Wdj[ :‡Wp [d [b W‹e '/,)$ @k]ÂŒ [d bW [jWfW Z[b XWigk[jXeb _dYecfWhWXb[ Z[ Gk[l[Ze1 _dj[]hWdZe i[b[YY_e# d[i Z[ Gk[l[Ze o bW fhel_dY_W Z[ Bei H‡ei1 [d [ij[ Z[fehj[ o Yed ik c[jhe i[j[djW o jh[i Z[
Ŋ .#++.Ŋ #¢-ĔŊ!.11#!3.ĔŊ8Ŋ "(2!(/+(- ".Ŋ 204#3 .+(23 Ŋ"#+Ŋ 8#1ēŊŊ
[ijWjkhW" [hW kd jWb[djeie Wb[he o WhcWZeh1 jWd Z_iY_fb_dWZe gk[ \k[ [b `k]WZeh gk[ bb[]WXW fh_c[he W bei [djh[dWc_[djei" fWhW fed[hi[ W bWi ÂŒhZ[d[i" Z[b jƒYd_Ye ;\hW‡d BÂŒf[p 9WZ[dW ! 1 `Wc|i \k[ kd `k]WZeh _dZ_iY_# fb_dWZe Z[djhe o \k[hW Z[ bW YWdY^W1 iki c[`eh[i Wc_]ei o YecfW‹[hei [d [b XWigk[jXeb \k[hed0 ;dh_gk[ CehW 7l_bƒi ! " M[bb_d]jed 9^Wd] B‘W ! " 9Whbei 8[jWdYekhj" @eiƒ 9^Wd]" HeX[hje H[YWbZ[" <ƒb_n 7]k_# bWh ! 1 @eiƒ KX_bb‘i" Æ;b 9ed[`eÇ <[hd|dZ[p$ ;d ik l_ZW fWhj_# YkbWh" \k[ \kdY_edWh_e f‘Xb_Ye" i[ Z[i[cf[‹Œ Yece h[Yjeh Z[b Yeb[]_e D_Yeb|i ?d\Wdj[ :‡Wp1 \k[ kd Yehh[Yje Fh_c[h @[\[ Z[b 9k[hfe Z[ 8ecX[hei Z[ Gk[l[# Ze1 [d [b ]eX_[hde Z[b fh[i_Z[d# j[ 7b\h[Ze FWbWY_e" \k[ decXhW# Ze =eX[hdWZeh Z[ bW fhel_dY_W Z[ Bei H‡ei1 ik WfeZe [i Yece ^W gk[ZWZe Z_Y^e" ÆF[iYWZ_jeÇ" fehgk[ i_[dZe [ijkZ_Wdj[ Z[ bW [iYk[bW CWdk[b @" 9Wbb[" [d bWi ^ehWi Y‡l_YWi" i_[cfh[ h[Y_jW# XW kdW fe[i‡W gk[ i[ bbWcWXW ÆF[iYWZ_je Z[ 9ebeh[iÇ1 Dƒijeh EhbWdZe 9e[bbe B[ÂŒd" [i kd [n Z[fehj_ijW gk[ bW WĂ’Y_ÂŒd Wkd be h[Yk[hZW Yed i_cfWj‡W$
4#+#Ŋ Ŋ ! ,/#¢-
ēŊ !*2.-Ŋ .204#1 Ŋ%1(3 -".Ŋ24Ŋ/1(,#1Ŋ%.+Ŋ#-Ŋ#+Ŋ/ 13(".ēŊ
#%4-".ĹŠ .8.2ĹŠ2#ĹŠ ă -9¢Ŋ #-ĹŠ#+ĹŠ+("#1 3.ĹŠ31 2ĹŠ% - 1+#ĹŠ +ĹŠ #-#!( ĹŠ/.1ŊĉŊ ĹŠÄˆÄ“ ĹŠ ěŊ Bei ĂˆB[ed[i Z[ 8W#
+#-!( -.2ĹŠ2(%4#-ĹŠ#-ĹŠ/#+#
ĹŠ(-! -2 +#ĹŠ 11 ĹŠ"#ĹŠ ;/.+(ĹŠ-.ĹŠ"#)¢Ŋ"#ĹŠ +#-3 1ĹŠ ĹŠ24ĹŠ#04(/.ĹŠ#-ĹŠ24ĹŠ #04(/.ĹŠ#-ĹŠ#+ĹŠ/ 13(".ĹŠ -3#ĹŠ (% ĹŠ"#ĹŠ 4#5#".ēŊ #2#ĹŠ ĹŠ+ ĹŠ"#11.3 ĔŊ+ 2ĹŠ/.2(Äą (+(" "#2ĹŠ"#ĹŠ!+ 2(ă! 1ĹŠ +ĹŠ9.- +ĹŠ"#ĹŠ 2!#-2.ĹŠ#23;-ĹŠ(-3 !3 2ēŊ
hh[_heÉ de fkZ_[hed Whh[XWjWhb[ [b fh_c[h bk]Wh Wb [b[dYe Z_h_]_# Ze feh I[]kdZe CedjW‹e" gk[ Z[\[dZ_ÂŒ ik beYWb‡W o i[ gk[ZÂŒ Yed bei jh[i fkdjei" hWj_Ă’Y|d# Zei[ Wi‡ Yece b‡Z[h Z[b jehd[e Z[ i[]kdZW YWj[]eh‡W$ ;b fWhj_Ze c|i YWdZ[dj[ Z[ bW iƒfj_cW \[Y^W i[ `k]ÂŒ [d [b [ijWZ_e I_[j[ Z[ EYjkXh[" [iY[# dWh_e ZedZ[ i[ Z_[hed Y_jW bei WĂ’Y_edWZei Z[ WcXei [gk_fei" gk_[d[i Yed Y|dj_Yei o XkXk# p[bWi Wd_cWhed W iki [gk_fei ZkhWdj[ [b [dYk[djhe$ Fh[Y_iWc[dj[ bW XWhhW c|i Xkbb_Y_eiW" bW Z[ bei XWXW^e# o[di[i \k[ bW fh_c[hW [d [d# ckZ[Y[h Yed [b jWdje WdejWZe feh [b Z[bWdj[he @WYaied Cei# gk[hW" gk_[d W bei Ăˆ- l[dY_ÂŒ Wb Whgk[he l[d[Y_Wde 9bƒX[h 8ed[ Yed kd ]ebWpe Z[ j_he b_Xh[$ <k[ kdW Yedgk_ijW Y[b[XhW# ZW W hWX_Wh feh [b `k]WZeh o iki YecfW‹[hei" gk_[d[i i[ iWb# jWhed Z[ bW XWdYW Z[ ikfb[dj[i
fWhW \[ij[`Wh bW l[djW`W jhWd# i_jeh_W gk[ bei WY[hYWXW W bW eXj[dY_Œd Z[b jehd[e$ Feh ik fWhj[" bei Z_h_]_Zei feh [b fWhW]kWoe HW‘b :kWhj[ jhWjWhed Z[ bb[]Wh Wb WhYe h_# lWb fWhW _]kWbWh [b cWhYWZeh Wdj[i Z[b jƒhc_de Z[b fh_c[h j_[cfe" f[he bW iŒb_ZW Z[\[d# iW Z[b [b[dYe Zk[‹e Z[ YWiW de be f[hc_j_Œ$ FWhW bW \Wi[ Z[ Yecfb[c[dje dk[lWc[dj[ [b ]eb Z[ I[]kdZe >eoei YWoŒ iehfh[i_lWc[dj[" YkWdZe c|i WjWYWXW L[d[Y_W dk[lWc[dj[ [b ^|X_b WjWYWd# j[ @WYaied Ceigk[hW WfWh[# Y_Œ feh bW XWdZW pkhZW fWhW WdejWh [b ]eb Z[ bW l_Yjeh_W$ ;b _d]h[ie Z[ bei Z[bWdj[# hei 9Whbei L_bbWbXW o NWl_[h C[dZepW fWhW [b YkWZhe XWX# W^eo[di[ de WbYWdpŒ fWhW Wb c[dei bb[lWhi[ [b [cfWj[" jWd iebe i[ fkZe WdejWh [b ]eb Z[b Z[iYk[dje W bei /& c_dkjei feh c[Z_e Z[ kd j_he f[dWb" L_bbWbXW ^_pe [\[Yj_le [b YeXhe$
-!("#-!( 2 7/4+2(.-#2
Ŋ 45#-(+#2Ŋ"#Ŋ , .2Ŋ#04(/.2Ŋ$4#1.-Ŋ ŗ#7/4+2 ".2ĔŊ/.1Ŋ #%4-".Ŋ .8.2Ŋ2 +(¢Ŋ
#2ĂŒ2ĹŠ .-2#11 3#ĔŊ8ĹŠ +ĹŠ,(-43.ĹŠ -".-¢Ŋ #+ĹŠ! ,/.ĹŠ"#ĹŠ)4#%.ĹŠ 3#5#-ĹŠ #-.1(.ĔŊ/.1ĹŠ#+ĹŠ #-#!( ēŊ #1! ĹŠ"#+ĹŠÄƒ- +ĹŠ#+ĹŠ!.-)4-3.ĹŠ Äą '.8#-2#ĹŠ24$1(¢Ŋ.31 ĹŠ ) ĹŠ/.1ĹŠ#7/4+2(¢-ĹŠ"#ĹŠ 423 5.ĹŠ (-!'#ēŊ
;d bei ‘bj_cei c_dkjei L[# d[Y_W i[ bWdpŒ Z[i[if[hWZW# c[dj[ Wb WjWgk[" f[he kdW XW# hh[hW Yed Y_dYe ^ecXh[i [d bW Z[\[diW Z[ I[]kdZe >eoei Z[i# lWd[Y_Œ jeZWi iki Whh[c[j_ZWi$ -.1 ,
9ed [ij[ h[ikbjWZe [b [gk_fe Z[ I[]kdZe CedjW‹e i_]k[ Yece fkdj[he Z[b f[bejÂŒd" i[]k_Ze Z[ B_]W :[fehj_lW Kd_l[hi_jW# h_W Z[ Gk[l[Ze" gk[ h[Ykf[hÂŒ ik fk[ije Yed bW l_Yjeh_W (#' ieXh[ D|feb_" gk[ W^ehW [ij| j[hY[he$ BW iehfh[iW Z[ bW \[Y^W \k[ [b WiY[die Wb YkWhje bk]Wh Z[ H_l[h <$9$ ]WdÂŒ (#' W IWdjW H_jW gk[ W^ehW [ij| feh [dY_# cW Z[ L[d[Y_W Yed '& fkdjei" bei XWXW^eo[di[i Yecfb_YW# hed iki fei_X_b_ZWZ[i" Ă’]khWd f[d‘bj_cei Yed / kd_ZWZ[i$
Ä Ä…
Ĺ? ĂĈĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? Ĺ? ƒ
#!/ Ĺ‹&#'*# 4 Ĺ‹ Ĺ‹&)-Ĺ‹*)4)-Ĺ‹ -Z*.# )-Ĺ‹ (Ĺ‹ &Ĺ‹ '* &' Bei jhWXW`ei Z[ b_cf_[pW Z[ bei fepei iƒfj_Yei gk[ _d_Y_ÂŒ [d [b c[i Z[ cWoe [d bW khX[ Yedj_d‘W$ BW [lWYkWY_ÂŒd Z[ bei Z[i[# Y^ei Z[ bei fepei iƒfj_Yei [i [\[YjkWZe feh [b =eX_[hde 7k# jÂŒdece :[iY[djhWb_pWZe" Z[# X_Ze W gk[ bW ]hWd cWoeh‡W oW [ij|d YebWfiWZei$ =[eh][ EhcWpW" Z_h[Yjeh Z[b Z[fWhjWc[dje Z[ >_]_[d[ o C[# ĹŠ ĹŠ ěŊ
Z_e 7cX_[dj[" _d\ehcÂŒ gk[ bW Z[Y_i_ÂŒd Z[ [lWYkWh bWi W]kWi d[]hWi \k[ jecWZW feh bW fh_c[# hW Wkjeh_ZWZ ckd_Y_fWb" Z[X_Ze W gk[ ;b ;cfWbc[ de Yk[djW W‘d kd WbYWdjWh_bbWZe iWd_jWh_e$ H[iWbjÂŒ gk[ bei fepei iƒfj_Yei Z[ jeZW bW Y_kZWZ h[fh[i[djWd kdW XecXW Z[ j_[cfe$ ÆFWhW h[Wb_pWh bei jhWXW`ei" [b WbYWbZ[ jecÂŒ bW Z[Y_i_ÂŒd Z[ YedjhWjWh bei YWhhei gk[ ^WY[d [ij[ j_fe Z[ jhWXW`ei" Yed [b eX# `[j_le Z[ _h [lWYkWdZe Wgk[bbei fepei gk[ oW ^Wd Ykcfb_Ze ik Y_Ybe" o Z[ [iW \ehcW Yedjh_# Xk_h Yed bW iWbkZ Z[ dk[ijhei fk[XbeÇ" Z_`e EhcWpW$ #04(2(3.
;b Z_h[Yjeh Z[ >_]_[d[ o C[Z_e 7cX_[dj[" i[‹WbÂŒ gk[ fWhW bW [lWYkWY_ÂŒd Z[ bWi W]kWi d[]hWi Z[ bei fepei" bei ^WX_jWdj[i de j_[d[d gk[ fW]Wh d_ kd iebe Y[djWle" iebe Z[X[h|d Ykcfb_h Yed bei i_]k_[dj[i h[gk_i_jei$ ;bWXehWh kdW ieb_Y_jkZ Z_# h_]_ZW Wb WbYWbZ[" MWi^_d]jed Ă›bWlW IWXWdZe" Yed kdW Ye# f_W W bW Z_h[YY_ÂŒd Z[ >_]_[d[ o C[Z_e 7cX_[dj[
- &. (Ĺ‹& Ĺ‹ ,. ,# Ĺ‹ *,#( #* &Ĺ‹ Ĺ‹ ) " ĹŠ ěŊ ;b =eX_[hde 7kjÂŒ# dece :[iY[djhWb_pWZe Ck# d_Y_fWb Z[ CeYWY^[" Yedj_d‘W Yed bW [`[YkY_ÂŒd Z[ bWi eXhWi Z[ h[][d[hWY_ÂŒd khXWdW$ ;d [i[ i[dj_Ze" i[ _d_Y_Whed bei jhWXW`ei Z[ YebeYWY_ÂŒd Z[ bW YWhf[jW Wi\|bj_YW [d bW Wl[d_ZW (. Z[ cWoe$ Feh ejhe bWZe" CeYWY^[ [i kde Z[ bei f_ed[hei [d h[Wb_pWh gk[ jeZe [b YWXb[WZe [bƒYjh_Ye" JL$ YW# Xb[ o j[b[\ÂŒd_Ye i[W ikXj[hh|d[e" Z[iWfWh[Y_[dZe Wi‡ bei \Wceiei ĂˆjWbbWh_d[iÉ [d bWi fh_dY_fWb[i Wl[d_ZWi Z[b YWdjÂŒd$ Bei cehW# Zeh[i i[ i_[dj[d iWj_i\[Y^ei$
¥ ēŊ Ŋ Ŋ#2345.Ŋ Ŋ! 1%.ēŊ Ŋ/#04# Ŋ %+#1Ŋ ~ 9Ŋ +.1Ŋ"#Ŋ+ Ŋ 2!4#+ Ŋ 4 8 04(+Ŋ2#Ŋ++#5¢Ŋ#+Ŋ/1(,#1Ŋ+4% 1ēŊ
),Ĺ‹ &ŋĒ #( -Ĺ‹+/ Ĺ‹ 3)Ĺ‹+/# ,)ēĆŋ), .),# 2#ĹŠ$4#ĹŠ#+ĹŠ3#, ĹŠ04#ĹŠ#7/42(#1.-ĹŠ"#!#Äą - 2ĹŠ"#ĹŠ-( .2ĹŠ8ĹŠ)¢5#-#2ĹŠ#-ĹŠ4-ĹŠ#5#-3.ĹŠ 04#ĹŠ1(-"(¢Ŋ'.,#- )#ĹŠ ĹŠ242ĹŠÄˆÄ?Ä?ĹŠ  .2Ä“ ŊěŊÆ;b L_dY[i gk[ oe gk_[#
ēŊ .-Ŋ+ Ŋ. 1 Ŋ,#).1 1;Ŋ#+Ŋ .1- 3.Ŋ"#Ŋ+ Ŋ!(4" "ē
fWY_ÂŒd Z[ jeZei" feh [bbe [ij[ heÇ \k[ [b j[cW gk[ [nfki_[hed [l[dje [ZkYWj_le oW i[ ^W Yed# d_‹ei o WZeb[iY[dj[i [d [b Yed# l[hj_Ze [d kdW jhWZ_Y_ÂŒd$ Feh ik fWhj[" ;l[# Ykhie [ZkYWj_le ÆI[c_# bbWi Z[b IWX[hÇ" eh]Wd_# bod =edpWb[i 7if_Wpk" Z_h[YjehW Z[b fheo[Yje" pWZe feh bW @9? L_dY[i ĹŠ 9|cWhW @kd_eh Yece c[dY_edÂŒ gk[ W c|i Z[ kd YedYkhie be gk[ i[ ^ec[dW`[ W bei ',, 2!4#+ 2ĹŠ h[iWbjW [i bWi ]WdWi Z[ W‹ei Z[ YWdjed_pWY_ÂŒd 8ĹŠ!.+#%(.2ĹŠ"#ĹŠ+ ĹŠ +.! +(" "ĹŠ/ 13(!Äą Z[ L_dY[i$ h[fh[i[djWh Z[ bW c[`eh (/ 1.-ĹŠ#-ĹŠ#+ĹŠ!#1Äą 7b WkZ_jÂŒh_kc 3 ,#-ĔŊ".-"#ĹŠ2#ĹŠ cWd[hW o ^WY[hbe gk[ZWh +#ĹŠ1(-"(¢Ŋ'.,#Äą ckd_Y_fWb bb[]Whed - )#ĹŠ ĹŠ (-!#2ĹŠ/.1ĹŠ X_[d Wb fbWdj[b ZedZ[ bei fWhj_Y_fWdj[i i[ [ZkYWd$ Wkjeh_ZWZ[i" h[_dWi" +.2ĹŠÄˆÄ?Ä?ĹŠ  .2ĹŠ"#ĹŠ ! -3.-(9 !(¢-Ä“ Z_h[Yjeh[i o h[Yjeh[i ;b WbYWbZ[ <hWdY_iYe Z[ bei Y[djhei [Zk# B[ÂŒd L[Wi fedZ[hÂŒ bW h[Wb_pWY_ÂŒd Z[ [ij[ [l[dje YWj_lei" fWZh[i Z[ \Wc_b_Wi o Z[c|i feXbWY_ÂŒd" o bW fWhj_Y_fWY_ÂŒd Z[ bei d_‹ei o fWhW [iYkY^Wh Z[j[d_ZWc[dj[ `ÂŒl[d[i Yed iki iWdWi _Z[Wi$ bWi _dj[hl[dY_ed[i Z[ bei [i# jkZ_Wdj[i Z[ [iYk[bWi o Yeb[# - ".1#2 ]_ei" gk_[d[i [nfki_[hed iki ;b YedYkhie Z[ ehWjeh_W jkle bW _Z[Wi" Wd^[bei o Wif_hWY_ed[i fWhj_Y_fWY_ÂŒd Z[ . [iYk[bWi o Z[ l[h W kd ÆFWh‡i 9^_gk_jeÇ [d [b c_ice d‘c[he Z[ Yeb[]_ei" ZedZ[ [b `khWZe YWb_\_YWZeh l‡Wi Z[ Z[iWhhebbe$ Yed\ehcWZe feh 8[b\ehZ 9[hdW PWcXhWde f[h_eZ_ijW " Ied_W 3(2$ !!(¢L‡Yjeh 9[h[pe =eoW" fh[i_Z[d# 7blWhWZe 7]k_bWh [n h[_dW Z[ j[ @9? L_dY[i" [nfh[iÂŒ gk[ [ijW bW fhel_dY_W o B[ed[b <k[dj[i _dij_jkY_ÂŒd XkiYW bW fWhj_Y_# I|[dp Z[ L_j[h_ Z_h[Yjeh fhe#
#".-"#+ĹŠ++#-.ĹŠ "#ĹŠ, +#9 ĹŠ ŊěŊ +ĹŠ"(231( 4(Äą ".1ĹŠ"#+ĹŠ31;ă!.ĹŠ04#ĹŠ#23;ĹŠ4 (Äą ! ".ĹŠ#-ĹŠ+ ĹŠ5~ ĹŠ +ĹŠ ,/ +,#ĹŠ IJŊ +9 1ĔŊ#23;ĹŠ!4 (#13.ĹŠ"#ĹŠ , +#9 ēŊ +ĹŠ+4% 1ĹŠ-#!#2(3 ĹŠ , -3#-(,(#-3.ĹŠ41%#-3#Ä“
58286-CG.
l_dY_Wb Z[ 9kbjkhW jkl_[hed kdW WhZkW bWXeh$ BW d_‹W :W]b[h :‡Wp <beh" [ijkZ_Wdj[ Z[ iƒfj_ce W‹e X|# i_Ye Z[ bW ;iYk[bW <_iYWb Æ=kW# oWgk_bÇ" \k[ bW ]WdWZehW Z[ bW ehWjeh_W [iYebWh1 Z[`WdZe [d i[]kdZe bk]Wh W bW f[gk[‹W DWdYo CWh‡W 9Whh_[b FWbWY_ei Z[b iƒfj_ce W‹e X|i_Ye Z[ bW ;iYk[bW Æ:h$ @eiƒ CWh‡W L[bWi# Ye ?XWhhWÇ1 o [d j[hY[h bk]Wh W @^ed Beeh Ceigk[hW" Z[b iƒf# j_ce W‹e X|i_Ye Z[ bW ;iYk[bW Æ:h$ Beh[dpe Hk\e F[‹WÇ$ C_[djhWi jWdje" bW [ijkZ_Wd# j[ HkZZo HWcei HeZh‡]k[p" Z[b i[nje _d\ehc|j_YW Z[b 9eb[# ]_e ÆFhÂŒY[h @eiƒ Z[ 7dj[fWhWÇ i[ bb[lÂŒ [b jh_kd\e1 ikf[hWdZe W PW^[bo H[l[be =k[hh[he" Wbkc# dW Z[b j[hY[h W‹e Z[ bW Kd_ZW ;ZkYWj_lW 7hYWZ_e Ieje IWd# jWdW1 o [d j[hY[h bk]Wh i[ kX_# YÂŒ AWj^[h_d[ 9[h[pe 9ehed[b" Z[b YkWhje Yec‘d Z[b 9eb[]_e ÆFWZh[ C|n_ce =k_iWiebWÇ$ Bei ]WdWZeh[i i[ ^_Y_[hed WYh[[Zeh[i Z[ c[ZWbbWi" fbWYWi" Y[hj_Ă’YWZei" c[cXh[Y‡Wi Z[ _d# j[hd[j ]hWjk_je ZkhWdj[ kd c[i" a_ji [iYebWh[i" Y[dWi o ejhei fh[c_ei$ :_Wh_e BW >ehW Wkif_# Y_ÂŒ [ij[ [l[dje gk[ fheck[l[ [b _dj[b[Yje [d d_‹ei o `ÂŒl[d[i$
ũũ ũũ Ė
ũ
.,/1 ĵ5#-3 ũ"#ũ. )#3.2Ĕũ#+#!31.".,_2ı 3(!.2Ĕũ,4# +#2Ĕ#04(/.2ũ"#ũ.ă!(- Ĕũ#3!ē
4#23.2Ĕũ./.134-(" "#2ũ"#ũ31 ).ē
ũ } .,/1 ĵ5#-3 ĵ1#-3 ũ"#ũ3#11#-.2Ĕũ ! 2 2Ĕũ"#/ 13 ,#-3.2ũ8ũ.ă!(- 2ē
HL<M<;F
;`i\ZZ` e1 8m% Ale\ >lqd}e [\ :fik j -(( p ; Z`dX \jhl`eX Xckfj [\ @g\ijX K\c ]fef1 ).-$',+' & ).-$',+( <$dX`c1 hl\m\[f7cX_fiX%Zfd%\Z
9898?FPF
;`i\ZZ` e1 8m% (' [\ 8^fjkf /*( p <cfp 8c]Xif <[`]`Z`f J_fgg`e^ K_\ Iflj\ K\c ]fef1 ).*-//. <$dX`c1 YXYX_fpf7cX_fiX%Zfd%\Z
ŏ ĂĈŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ ŏ
āĆ
āć
ŏ ĂĈŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ ŏ
ũũ ũũ Ė
ũ
.,/1 ĵ5#-3 ũ"#ũ. )#3.2Ĕũ#+#!31.".,_2ı 3(!.2Ĕũ,4# +#2Ĕ#04(/.2ũ"#ũ.ă!(- Ĕũ#3!ē
4#23.2Ĕũ./.134-(" "#2ũ"#ũ31 ).ē
ũ } .,/1 ĵ5#-3 ĵ1#-3 ũ"#ũ3#11#-.2Ĕũ ! 2 2Ĕũ"#/ 13 ,#-3.2ũ8ũ.ă!(- 2ē
HL<M<;F
;`i\ZZ` e1 8m% Ale\ >lqd}e [\ :fik j -(( p ; Z`dX \jhl`eX Xckfj [\ @g\ijX K\c ]fef1 ).-$',+' & ).-$',+( <$dX`c1 hl\m\[f7cX_fiX%Zfd%\Z
9898?FPF
;`i\ZZ` e1 8m% (' [\ 8^fjkf /*( p <cfp 8c]Xif <[`]`Z`f J_fgg`e^ K_\ Iflj\ K\c ]fef1 ).*-//. <$dX`c1 YXYX_fpf7cX_fiX%Zfd%\Z
@K:?9?7B;I
ũ ũ ũ ũ ũ ũ ēıũ ũ ũ ũ Ė
4(!(.ũ . !3(5.ũ .ēũũĈćđũIJũĉćĈćė .-%.ũ#-ũ!.-.!(,(#-3.ũ"#+ũ/Ì +(!.ũ04#ũ#-ũ 43.ũ"#ũ$#!' ũĊũ"#ũ 4-(.ũ"#+ũ .ũ ĉćĈĈũ ũ+ 2ũĈć ććĔũ2#ũ' ũ"(2/4#23.ũ04#ũ#+ũ"~ ũ, 13#2ũĈĒũ"#ũ)4+(.ũ"#+ũ .ũĉćĈĈũ "#2"#ũ+ 2ũĈČ ććũ' 23 ũ+ 2ũĈđ ććĔũ/ 1 ũ04#ũ2#ũ++#5#ũ ũ#$#!3.ũ#-ũ#+ũ 49% ".ũ "#ũ . !3(5 2ũ"#+ũ ũ ũ ũ Ĕũ#-ũ+ ũ24!412 +ũ #-3 - Ĕũ 4 (! ".ũ #-ũ #+ũ /1(,#1ũ /(2.ũ "#+ũ (-,4# +#ũ ŒĉĈČĔũ 2(34 ".ũ !.-ũ $1#-3#ũ ũ + ũ ! ++#ũ #,(- 1(.ũ #ũ (-3#12#!!(¢-ũ "#+ũ , +#!¢-ũ "#ũ + ũ !(4" "ũ "#ũ #-3 - 2Ĕũ -3¢-ũ #-3 - 2Ĕũ 1.5(-!( ũ"#ũ+.2ũ ~.2Ĕũ#+ũ #, 3#ũ"#+ũ/1#"(.ũ#, 1% ".Ĕũ#-ũ#+ũ)4(!(.ũ !. !3(5.ũŒũĈćđıũĉćĈćĔũ04#ũ!.-2(23#ũ#-ũ -ũ 1#"(.Ĕũ"#ũ+ ũ24/#1$(!(#ũ"#ũďĎĒĔĎĈũ ,ĉēĔũ2(34 ".ũ#-ũ#+ũ #!(-3.ũġ +ũ 41#+ĢĔũ$1#-3#ũ ũ+ ũ! 11#3#1 ũ #-3 - 2ũIJũ 4#5#".Ĕũ 4 (! ".ũ #-ũ + ũ )41(2"(!!(¢-ũ "#ũ + ũ 11.04( ũ /.3 +ũ "#+ũ -3¢-ũ #-3 - 2Ĕũ 1.5(-!( ũ"#ũ .2ũ ~.2ũ8ũ!(1!4-2!1(3.ũ"#-31.ũ"#ũ+.2ũ2(%4(#-3#2ũ+(-"#1.2Ėũ
ũ ũ
ũ
ũ ũ Ėũ 11#3#1.ũ/Ì +(!.ũ #-3 - 2ũIJũ 4#5#".ũ!.-ũĉćĔĎćũ,#31.2ēũ ũ ũ Ėũ #11#-.2ũ"#ũ+.2ũ5#-"#".1#2ũ 4#11#1.ũ -9 Ĕũ!.-ũđĔĒćũ,#3ı 1.2ēũ ũ ũ Ėũ #11#-.2ũ"#ũ+.2ũ5#-"#".1#2ũ 4#11#1.ũ -9 Ĕũ!.-ũĊĐũ,#31.2ėũũ 8Ĕũ ũ ũ Ėũ .+ 1ũ"#ũ+ ũ 1 ēũ 1~ ũ + 1!¢-Ĕũ!.-ũČĊĔĎćũ,#31.2ēũ } ũ ũ Ėũ 7(23#ũ4- ũ!.-2314!!(¢-Ĕũ!.-ũ4- ũ24/#1$(!(#ũ "#ũĈĉČĔđćũ,ĉēĔũ"#ũ'.1,(%¢-ũ 1, ".Ĕũ/ 1#"#2ũ"#ũ+ "1(++.Ĕũ/(2.2ũ"#ũ'.1,(%¢-ũ !4 (#13 ũ"#ũ9(-!ũ!.-ũ! ē ũ ĖũďĎĒĔĎĈĔũ"#ũ #11#-.ũũũ
ĎđĊĊĈ
ũ +.)(*#C7
Ėũ Ōũ ĈĉĔĉČďēĊĎũ ĸ ũ ũ ũ ũ ũ ũ ũ ĊĎĵĈććũ ũ ũ ũ ũ ũ ũ Ĺē 4#ũ!.,/1#-"#ũ#+ũ3#11#-.ũ"#+ũ/1#"(.ũ!.-ũ+ 2ũ !!#2(.-#2ē
#ũ /.-#ũ #-ũ !.-.!(,(#-ı 3.ũ"#+ũ/Ì +(!.ũ#-ũ%#-#1 +ũ #+ũ #731 5~.ũ "#ũ + ũ ( 1#3 ũ "#ũ + ũ 4#-3 ũ "#ũ '.11.ũ .ēũćĉČćĊĉČĊĒĎũũ/#13#ı -#!(#-3#ũ ũ ũ ũ
ũ
ũ ũ ũ ĎđĊĉĎ
4#ũ2#ũ1#" !3#ũ+.2ũ 5(2.2ũ/ 1 ũ04#ũ2#ũ' % ũ!.-.!#1ũ#+ũ2# + ,(#-3.ũ ũ1#, 3#ũ +ũ /Ì +(!.ũ 8ũ 04#ũ 2#ũ +.ũ /4 +(04#ũ /.1ũ 31#2ũ 5#!#2Ĕũ ,#"( -".ũ .!'.ũ "~ 2Ĕũ /.1ũ +.ũ ,#-.2Ĕũ"#ũ4-.ũ ũ.31.Ĕũ8ũ"#+ũÌ+3(,.ũ"#ũ#++.2ũ +ũ"~ ũ2# + ".ũ/ 1 ũ#+ũ1#, 3#ũ#-ũ 4-ũ/#1(¢"(!.ũ"#ũ+ ũ/1.5(-!( ũ#-ũ04#ũ2#ũ2(%4#ũ#+ũ)4(!(.ũ8ũ04#ũ$()#-ũ31#2ũ! 13#+#2ũ #-ũ+.2ũ/ 1 )#2ũ,;2ũ$1#!4#-3 ".2ũ"#ũ+ ũ! #!#1 ũ"#ũ+ ũ/ 11.04( ũ#-ũ04#ũ#23_-ũ 2(34 ".2ũ +.2ũ (#-#2ēũ IJũ 4#ũ #-ũ +.2ũ 5(2.2ũ -.ũ 2#ũ ' 1;ũ !.-23 1ũ #+ũ -., 1#ũ "#+ũ "#4".1ũ2(-.ũ#+ũ"#ũ+.2ũ (#-#2ē
ũ
ũ ../#1 3(5 ũ"#ũ '.11.ũ8ũ 1_"(3.ũ ġĉĒũ "#ũ !34 1#Ģũ 3" ēėũ /.-#,.2ũ #-ũ !.-.!(,(#-3.ũ "#+ũ /Ì +(!.ũ 04#ũ '#,.2ũ2(".ũ-.3($(! ".2ũ"#ũ+ ũ/_1"(" ũ "#ũ + ũ +( 1#3 ũ ēıũ ĒĒććĎĈĒĒĈĐũ .3.1ı % " ũ +ũ 1ēũ ĸ Ĺēũ ũ ũ ũ ũ (ũ31 -2!411(".2ũĊũ"~ 2ũ"#ũ+ ũ/4 +(! ı !(¢-ũ"#ũ#23#ũ 5(2.ũ ũ2#ũ/1#2#-3 1#ũ 1#!+ ,.ũ +%4-.ũ#-ũ-4#231 2ũ.$(!(- 2ēũ #ũ/1.!#"#1;ũ ũ+ ũ -4+ !(¢-ũ1#2/#!ı 3(5 ũ2(-ũ1#2/.-2 (+(" "ũ/ 1 ũ-4#231 ũ (-23(34!(¢-ũ8ũ/.1ũ#-"#ũ ũ+ ũ#,(2(¢-ũ"#ũ
.1ũ2#1ũ#+ũ/1(,#1ũ2# + ,(#-3.ũ ũ1#, 3#ũũ+ 2ũ.$#13 2ũ2#ũ !#/3 1;-ũ2. 1#ũ+ ũ 2#ũ "#ũ+ 2ũ".2ũ3#1!#1 2ũ/ 13#2ũ"#+ũ5 +.1ũ"#+ũ 5 +Ì.ēũũ 2ũ .2341 2ũ"# #-ũ2#1ũ !.,ı / " 2ũ!.-ũ#+ũĈćũŘũ"#+ũ5 +.1ũ"#ũ+ ũ.$#13 Ĕũ#-ũ"(-#1.ũ#$#!3(5.ũ.ũ#-ũ!'#04#ũ!#1ı 3($(! ".ũ ũ+ ũ.1"#-ũ"#+ũ 4#9ũ #+#% ".ũ"#ũ . !3(5 ũ04#ũ+ 2ũ1#!( (1;ũ+ ũ #!1#3 1( ũ "#+ũ 49% ".ēũũ #ũ/1#$#1(1;-ũ.$#13 2ũ04#ũ!4 1 -ũ#+ũ!.-3 ".ėũ8ũ-.ũ2#ũ ",(3(1;-ũ /.2341 2ũ04#ũ$()#-ũ/+ 9.2ũ04#ũ#7!#" -ũ#+ũ"#3#1,(- ".ũ#-ũ#+ũ 13~!4+.ũ ČďĐũ"#+ũ ¢"(%.ũ"#ũ 1.!#"(,(#-3.ũ (5(+ēũ +ũ1#, 3#ũ2#ũ#$#!3Ì ũ!.,.ũ4-ũ!4#1/.ũ!(#13.ũ#+ũ(-,4# +#ũ#, 1% ".ēũ
ũ ",(-(231 !(¢-ũ8ũ!423."( ũ"#+ũ/1#"(.ũ+ ũ3(#-#ũ#+ũ #/.2(3 1(.ũ 4"(!( +ũ#+ũ2# .1ũ 5;-ũ -3.-(.ũ .3., 8.1ũ 1#ēũı
4- ũ-4#5 ũ+( 1#3 ũ
ēũĉĒũ ũ ũ
ĎđĊćĎ
#-3 - 2ĔũĊũ"#ũ 4-(.ũ"#+ũ .ũĉćĈĈ 13 ēũ 1% 1(3 ũ #, ũ ;-!'#9Ĕ #!1#3 1( ũ"#ũ . !3(5 ũ"#+ũ ũ ũ ũ Ĕũ24!412 +ũ #-3 - 2ē +.'++#7$B
ũ #ũ/.-#ũ#-ũ!.-.!(,(#-ı 3.ũ"#+ũ/Ì +(!.ũ#-ũ%#-#ı 1 +ũ #+ũ #731 5~.ũ ũ ũ
ũ ũ ũ ēıũ ćďćĎćĈććđćĊć #13#-#!(#-3#ũ +ũ 1ēũ ĸ Ĺũ ũ ũũ ũ ũ ēũ
+.(+&#C$7
, ./, ŋ ,# ŋ,/. ŋ &. ,( ŋ* , ŋ#,ŋ ŋ& ŋ # ,,
āĈ
ŏ ĂĈŏ ŏ ŏ ŏĂĀāā
ŏ +. ŏ ŏ
.-3(-Ì ũ+ ũ1#/ 1 !(¢-ũ"#+ũ"4!3.ũ#-ũ+ ũ 5~ ũ '.8.ı .-3 +5.ēũ .2ũ31 ).2ũ !4+,(- 1~ -ũ#-ũ+.2ũ/1¢7(,.2ũ"~ 2ē ũ ěũ Bei
ZkYjei WbYWd# jWh_bbWi kX_YWZei [d bW l W gk[ YedZkY[ W CedjWble W bW WbjkhW Z[ bW Y_kZWZ[bW BW L[djkhW [ij|d i_[dZe h[[cfbWpWZei fWhW ^W# X_b_jWh [b fWie feh bW [ijhkYjkhW$ :[X_Ze Wb cWb [ijWZe Z[ bW [i# jhkYjkhW i[ [ijWXW [hei_edWdZe bW YWhh[j[hW" fed_[dZe [d h_[i# ]e [b jh|di_je l[^_YkbWh ^WY_W bW I_[hhW o l_Y[l[hiW$ Kd [gk_fe j Yd_Ye Z[ bW Fh[# \[YjkhW Z[ Bei H ei jhWXW`W [d bW _dijWbWY_ d Z[ bWi dk[lWi WbYWd# jWh_bbWi gk[ j_[d[d +& c[jhei Z[ bWh]e o *& fkb]WZWi Z[ Z_|c[jhe$ Ied Zei ÒbWi Z[ WbYWdjWh_bbWi Z[ Zh[dW`[" Y_dYe [d bW fWhj[ _d\[h_eh o YkWjhe [d bW fWhj[ ikf[h_eh$ CWh_e =W_Xeh" [dYWh]WZe Z[ bei jhWXW`ei" Z_`e gk[ Æ^Wo kd b_][he h[jhWie" fehgk[ ^kXe Z[i# b_pWc_[dje Z[ ]hWd YWdj_ZWZ Z[ j_[hhW c_[djhWi _dijWbWXWd bWi jk# X[h Wi$ J[d Wcei fh[l_ije j[hc_# dWh bei jhWXW`ei [b l_[hd[i feh bW jWhZ[" f[he Yed [ije Yh[[cei gk[ dei jecWh| [b Òd Z[ i[cWdWÇ$ ;b fh[\[Yje" CWhYe JheoW cW# d_\[ij gk[ Æbei jhWXW`ei [d BW L[djkhW" Yedj[cfbWd [b YWcX_e
jejWb Z[ bWi jkX[h Wi" h[bb[de" kX_# YWY_ d Z[ ]Wl_ed[i" YebeYWY_ d Z[ XWi[" ikXXWi[ o YWfW Wi\|bj_# YW$ ;ije dei jecWh| kdei feYei Z Wi" feh be jWdje [if[hWcei bW YebWXehWY_ d o Yecfh[di_ d Z[ bW Y_kZWZWd W feh bWi ceb[ij_Wi YWkiWZWi$ ;ijW [i kdW eXhW gk[ j[d Wcei gk[ [`[YkjWhbW fhedje fWhW iebkY_edWh bei fheXb[cWiÇ Feh ik fWhj[" [b l_Y[fh[\[Yje" > Yjeh >khjWZe Z_`e gk[ [ij[ [i kd jhWXW`e d[Y[iWh_e o kh][dj[" jkl_cei gk[ ^WY[hbe Wdj[i gk[ [b fk[dj[ YebWfiWhW$ Æ;ie ^kX_[i[ i_Ze f[h`kZ_Y_Wb fehgk[ i[ _dkdZWXWd ', c_b ^[Y# j|h[Wi Z[ |h[Wi Ykbj_lWXb[i1 i[ Xbegk[WXW bW l W feh c|i j_[cfe o jWcX_ d [l_jWcei [b h_[i]e Z[ kdW _dkdZWY_ d [d bei i[Yjeh[i Fk[hjW D[]hW o Dk[le 8WXW^e# oe$ De ^WX W ejhW Wbj[hdWj_lW gk[ Y[hhWh bW l WÇ$ 9ed bW YebWXehWY_ d Z[ bW Fe# b_Y W DWY_edWb i[ [ijWXb[Y_ kdW hkjW Wbj[hdW feh [b i[Yjeh Z[ BW 9ehedW" [d 8WXW^eoe" fWhW bei jhWdifehj_ijWi gk[ kj_b_pWd bW l W gk[ Yed[YjW Y_kZWZ[i Z[ bW I_[hhW Y[djhWb$
ēũ 23;ũ' (+(3 ".ũ4-ũ2.+.ũ! 11(+ũ"#ũ+ ũ5~ ũ/.1ũ#+ũ,.,#-3.ē
@K:?9?7B;I ũ ũ ¡ Ėũ ũ ũ
ũ
ũ ũ ũ ũ Ėũ 4#ũ #-ũ #23#ũ 49% ".ũ #%4-".ũ ")4-3.ũ #,/.1 +ũ "#ũ + ũ ,(+( ēũ 4)#1ũ ( #9ũ8ũ ".+#2!#-!( ũ"#ũ 4#5#".Ĕũ #+ũ 1ēũ
ũ ũ ũ Ĕũ ' ũ "#"4!(".ũ
4(!(.ũ "#ũ ũ .ũ ĎĈĎıĉćĈĈĔũ #-ũ 24ũ !.-31 ēũ .+(!(3 -".ũ ũ #23#ũ
49% ".ũ ,#"( -3#ũ 1#2.+4!(¢-ũ 2#ũ +#ũ !.-!#" ũ + ũ ũ "#ũ 24ũ '().ũ ũ ũ ũ
Ĕũ "#ũ ćĎũ ,#2#2ũ "#ũ #" "Ĕũ , -($#23 -".ũ 04#ũ #-ũ #+ũ ,#2ũ "#ũ -#1.ũ "#+ũ /1#2#-3#ũ .ũ + ũ 1 ēũ ũ ũ
ũ
Ĕũ , "1#ũ "#+ũ ,#-.1ũ ' ũũ "#,.231 ".ũ3.3 +ũ(11#2/.-2 (+(" "Ĕũ ũ /#2 1ũ "#ũ 04#ũ ,(ũ '().ũ 3(#-#ũ /#ı - 2ũ!(-!.ũ,#2#2ũ"#ũ- !(".ēũ ũ04#ũ -".-.ũ#+ũ'.% 1ũ8ũ"#) ũ ũ,(ũ'().ũ +ũ!4(" ".ũ"#ũ,(ũ, "1#ũ 1 ēũ } ũ ¡ ũ ũ8ũ,(2ũ'#1, ı - 2ũ ũ ũ ũ ũ ^ ũ Ĕũ 04(#-#2ũ 2.-ũ + 2ũ /#12.- 2ũ 04#ũ 2#ũ #-! 1% -ũ "#ũ !4(" 1ũ +ũ ,#-.1ũ ũ /#2 1ũ 04#ũ 04#ũ /.1ũ 5 1( 2ũ .! 2(.-#2ũ +#ũ '#ũ 1#04#1(ı ".ũ04#ũ! , (#ũ24ũ!.,/.13 ,(#-3.ēũ #1.ũ,;2ũ (#-ũ,#ũ ,#- 9 ũ04#ũ,#ũ 5 ũ ũ04(3 1ũ ũ,(ũ'().Ĕũ ).ũ+ ũ%1 5#ı " "ũ "#+ũ 41 ,#-3.ũ #7/1#2.ũ "#2!.ı -.!#1ũ #+ũ ".,(!(+(.ũ .ũ 1#2("#-!( ũ "#ũ + ũ"#, -" " ēũ Ėũ
ũ ũ ũ ũ Ėũ ũ ũ
ũ
Ėũ ũ
} Ėũ ũ
ũ ũ ũ ũ ēũ ũ ũ Ĕũ ũ ũ ")4-3.ũ #,/.1 +ũ "#ũ ,(+( Ĕũ 4)#1Ĕũ ( #9ũ8ũ ".+#2!#-!( ũ"#ũ .2ũ ~.2ũ,#"( -3#ũ/1.5("#-!( ũ"#ũ$#!' ũ 4#5#".Ĕũ ćĊũ "#ũ 4-(.ũ "#+ũ ĉćĈĈĔũ ũ + 2ũ ĈĈ'Ċďũ 5.! ũ !.-.!(,(#-3.ũ "#ũ + ũ"#, -" ũ"#ũ ũ ũ.1"#ı - ũ !(3 1ũ ũ + ũ "#, -" " ũ 1 ēũ ũ ũ
ũ
Ĕũ /.1ũ + ũ /1#-2 ũ,#"( -3#ũ31#2ũ/4 +(! !(.-#2ũ #-ũ"~ 2ũ"(23(-3.2ũ#-ũ4-.ũ"#ũ+.2ũ"( ı 1(.2ũ"#ũ, 8.1ũ!(1!4+ !(¢-ũ+.! +Ĕũ/ 1 ũũ #-ũ #+ũ 3_1,(-.ũ "#ũ +#8ũ !.,/ 1#9! ũ ũ
4(!(.ũ "#ũ .-$.1,(" "ũ !.-ũ #+ũ 13ēũ đĉũ "#+ũ ¢"(%.ũ "#ũ 1.!#"(,(#-3.ũ (5(+ē ũ 13(!4+ 1ũ 04#ũ ++#5.ũ ũ 24ũ !.-.!(ı
,(#-3.ũ / 1 ũ +.2ũ ă-#2ũ "#ũ +#8Ĕũ "5(1ı 3(_-".+#ũ ũ + 2ũ "#, -" " ũ "#ũ + ũ . +(% !(¢-ũ04#ũ3(#-#ũ#-ũ!.,/ 1#!#1ũ ũ )4(!(.ũ "#-31.ũ "#ũ +.2ũ 5#(-3#ũ "~ 2ũ /.23#1(.1#2ũ ũ + ũ 3#1!#1 ũ 8ũ Ì+3(, ũ !(3 !(¢-ũ ! 2.ũ !.-31 1(.ũ /."1;ũ 2#1ũ !.-2("#1 " ũũ1# #+"#ē 3#-3 ,#-3# 4#5#".Ĕũ 4-(.ũĈćũ"#+ũĉćĈĈ ē ũ ũ ē ũ ũ ũ ũ ũ ũ Ĕũ Ĕ ũ ũ ũ ũ ē ĎđćĉĎ ēũ ũũ ē
ũ ũ ũ ũ ũ ũ ũ } ũ ũ ¡
ũ ũ ũ ēũ ĉćĈćıćĈćć Ėũ } ũ ũ ¡ Ėũ ũ ũ ũ ũ ũ ¡ Ėũ +ũ2# .1ũ %ēũ 1!.2ũ #%41 ũ .2+(%4 ũ 4#9ũ 4/+#-3#ũ "#+ũ 49% ".ũ 1(,#1.ũ "#ũ +.ũ (5(+ũ"#ũ .2ũ ~.2Ĕũ!.-ũ$#!' ũĈĊũ"#ũ 1(+ũũ"#+ũĉćĈėũũ+ 2ũĈď'ĉďĔũ! +(ă! ũ8ũ !#/3 ũ+ ũ"#, -" ũ +ũ31;,(3#ũ#-ũ+ ũ ~ ũ #1 +ũ 4, 1( ũ 8ũ "(2/.-#ũ 2#ũ !(3#ũ ũ + ũ "#, -" " ũ ũũ ũ ũ ũ#-ũ4-ũ /#1(¢"(!.ũ "#ũ ,/+( ũ !(1!4+ !(¢-ũ #-ũ + ũ 1.5(-!( ũ "#ũ .2ũ ~.2ũ "#ũ !.-ı $.1,(" "ũ ũ +.ũ 04#ũ "(2/.-#ũ #+ũ 13ēũ ĈĈĒĔũ "#+ũ ¢"(%.ũ (5(+Ĕũ #-ũ !.-!.1ı " -!( ũ!.-ũ#+ũ 13ēũđĉũ"#+ũ ¢"(%.ũ"#ũ 1.!#"(,(#-3.ũ (5(+Ĕũ/.1ũ!4 -3.ũ ).ũ )41 ,#-3.ũ2#ũ ă1, ũ"#2!.-.!#1ũ24ũ (-"(5("4 +(" "Ĕũ ".,(!(+(.Ĕũ / 1 "#1.ũ .ũ1#2("#-!( ũ"#ũ+ ũũ"#, -" " ē ũ ũ ũ ēıũ #ũ 2.+(!(3 ũ04#ũ2#ũ"#!+ 1#ũ#-ũ2#-3#-!( ũ "(24#+3.ũ#+ũ5(-!4+.ũ, 31(,.-( +ũ1# ı +(9 ".ũ#-ũ +ũ! -3¢-ũ '.8.Ĕũ"#ũ+ ũ 1.5(-!( ũ "#ũ .2ũ ~.2Ĕũ #+ũ "~ ũ Ĉĉũ "#ũ !34 1#ũ"#ũĈĒĒĒĔũ#-ũ#+ũ .,.ũ .ēũĉũ ;%ēũĊđũ !3 ũČĊďēıũ #ũ "5(#13#ũ ũ+ ũ "#, -" " ũ04#ũ3(#-#ũ+ ũ. +(% !(¢-ũ "#ũ2# + 1ũ".,(!(+(.ũ 4"(!( +ũ#-ũ#23 ũ !(4" "ũ8ũ"#ũ-.ũ!.,/ 1#!#1ũ ũ)4(!(.ũ "#-31.ũ "#ũ +.2ũ 5#(-3#ũ "~ 2ũ /.23#1(.ı 1#2ũũ ũ+ ũ3#1!#1 ũ8ũÌ+3(, ũ/4 +(! !(¢-ũ 2#1;ũ!.-2("#1 " ũ1# #+"#ē
'.8.ĔũĈćũ"#ũ, 8.ũ"#+ũĉćĈć
ēũ ũ ēũ ũ ČČĐĊı
ēũ ũ ē
ũ ũ ũ ũ ũ ũ ũ } ũIJũ ũ ũ ¡
Ėũ .ēũĎđıĉććĉēı Ėũ ũ ũ ũ : Ĕũ ũ ũ : ũ ũ ũ ũũ ũ ēı Ėũ ũ ¡ ũ ũ ēı
ũ ũ ũ Ėũ ēũ ũ ũ
#-3 - 2Ĕũ 4-(.ũ Čũ "#+ũ ĉććĉėũ + 2ũ ćĒ ĉďēı Ėũ ũ "#, -" ũ "#ũ 4+(" "ũ 04#ũ -3#!#"#Ĕũ /1./4#23 ũ /.1ũ ũ ũ ũ : Ĕũ ũ ũ ũ : ũ ũ ũ ũ ũ ũ : Ĕũ #-ũ !.-31 ũ "#ũ ũ ũ
ũ Ĕũ ũ ¡ Ĕũ ũ : Ĕũ ũ ũ } ũ ũ ũ ũ ũ
Ĕũ2#ũ+ ũ! +(ă! ũ"#ũ!+ 1 Ĕũ/1#!(2 ũ 8ũ!.,/+#3 Ĕũ/.1ũ1#4-(1ũ+.2ũ1#04(2(3.2ũũ "#ũ #8Ĕũ 2#ũ + ũ !#/3 ũ +ũ 31;,(3#ũ #-ũ + ũ 5~ ũ .1"(- 1( Ĕũ #-ũ !4 -3.ũ 3#-% ũ +4% 1ũ #-ũ "#1#!'.Ĕũ -2!1~ 2#Ĕũ #23 ũ "#, -" ũ #-ũ + ũ .ă!(- ũ "#+ũ # .1ũ #%(231 ".1ũ "#ũ + ũ 1./(#" "ũ "#+ũ -3¢-ũ #-3 - 2ēıũ ~3#2#ũ ũ +.2ũ !!(.- ".2ũ!.-ũũ#23 ũ"#, -" ũ8ũ#+ũ 43.ũ1#! ~".ũ#-ũ#++ ũ#-ũ#+ũ+4% 1ũũ(-"(ı ! ".Ĕũ/ 1 ũ04#ũ+ ũ!.-3#23#-ũ"#-31.ũ "#+ũ 3_1,(-.ũ #23 +#!(".ũ #-ũ + ũ #8ũ .ũ "#-31.ũ "#+ũ ,(2,.ũ 3#1,(-.ũ /1#ı 2#-3#ũ+ 2ũ#7!#/!(.-#2ũ04#ũ2#ũ!1# -ũ 2(23(".ēıũ #-3 - 2Ĕũ 8.ũ ũ Čũ "#+ũ ĉćĈćėũ ũ + 2ũ ćĒ'Ďďēıũ %1_%4#2#ũ +ũ
4(!(.ũ#2!1(3.ũ04#ũ -3#!#"#ũ/1#2#-ı 3 ".ũ#-ũ$#!' ũ"#ũ4-.ũ"#ũ (!(#, 1#ũũ "#+ũ ĉććĒũ ũ + 2ũ ĈĎ'ĉćĔũ "(2/.-%.Ėũ 3_-% 2#ũ /.1ũ !#/3 " ũ + ũ !.,/ ı 1#!#-!( ũ ũ "#ũ + ũ .% " ũ + -! ũ +#) -"1(- ũ #+% ".ũ "4,Ĕũ #-ũ ! +(" "ũ "#ũ 1.!41 ".1 ũ 4"(!( +ũ "#ũ ũ Ĕũ ũ ũ Ĕũ ũ ũ : Ĕũ 04(#-ũ +#%(3(ı
, ũ 24ũ !.,/ 1#!#-!( ũ !.-ũ #+ũ 3#2ı 3(,.-(.ũ "#ũ #2!1(341 ũ +#% +(9 ".ũ #-ũ + ũ .3 1( ũ 1(,#1 ũ "#+ũ -3¢-ũ #-3 - 2ēıũ .1ũ 2#1ũ /1.!#"#-3#ũ 2#ũ !#/3 ũ + ũ #$.1, ũ "#ũ + ũ "#, -" ũ /+ -3# " Ĕũ ~3#2#ũ3 +ũ8ũ!.-$.1,#ũ+.ũ 2.+(!(3 ũ Ėũ ũ ¡ ũ ũ Ĕũ ,#"( -3#ũ + ũ 1#-2 Ĕũ /.1ũ #+ũ ( 1(.ũ ũ .1 Ĕũ 04#ũ !(1!4+ ũ #-ũ + ũ (4" "ũ "#ũ '.8.Ĕũ 3 +ũ8ũ!.-$.1,#ũ+.ũ"(2/.-#ũ#+ũ 13ēũđĉũ "#+ũ ¢"(%.ũ "#ũ 1.!#"#1ũ #-ũ , 3#ı 1( ũ (5(+ēũ .1ũ ' #1ũ "#!+ 1 ".ũ ).ũ )41 ,#-3.ũ "#2!.-.!#1ũ #+ũ ".,(!(ı +(.ũ "#+ũ "#, -" ".Ĕũ /1#5(-(_-".+#ũ + ũ . +(% !(¢-ũ "#ũ 2# + 1ũ ! 2(++#1.ũ
4"(!( +ũ 8ũ !.,/ 1#!#1ũ ũ )4(!(.Ĕũ #-ũ #23#ũ 49% ".ēıũ 2~ũ!.,.ũ3 , (_-ũ2#ũ +#ũ /1#5(#-#ũ 04#ũ "#ũ -.ũ !.,/ 1#!#1ũ #-ũ5#(-3#ũ"~ 2ũ"#2/4_2ũ"#ũ+ ũÌ+3(, ũ /4 +(! !(¢-Ĕũ /."1;ũ 2#1ũ !.-2("#1 ".ũ .ũ "#!+ 1 ".ũ #-ũ 1# #+"~ ēıũ ~3#2#ũ 8ũ .3($~04#2#ũēı #-3 - 2Ĕũ # 1#1.ũćĊũ"#+ũĉćĈĈēı ēũ 4%.ũ ēũ 1!~ ũ -3 -
49% ".ũ .5#-.ũ #ũ .ũ (5(+ũ"#ũ
.2ũ ~.2 ČČĐďı
ēũ ũ ē
ũ ^ ũ ũ ũ
ũ ũ ũ ũ } ũ ũ ¡ Ėũ ũ ũ ũ ũ ũ ũ Ėũ 4#ũ /.1ũ 2.1ı 3#.ũ !.11#2/.-"(¢ũ !.-.!#1ũ ũ #23 ũ
4"(! 341 ũ "#ũ + ũ "#, -" ũ "#ũ (5.1!(.ũ .ũ ĉČĉıĉćĈĈĔũ /1#2#-3 ı " ũ /.1ũ (+$1(".ũ -3.-(.ũ 2!. 1ũ 5¢!48.ũ#731 !3.ũ#2ũ!.,.ũ2(%4#ē Ėũ ũ ũ ũ ¡ Ėũ ũ ũ ũ ũ ũ ũ Ėũ +ũ !!(.- -3#ũ !.,/ 1#!#ũ ũ $.) 2ũ đũ 8ũ 54#+3 ũ"#ũ+.2ũ 43.2Ĕ , -($#23 -".ũ 04#ũ !.-31 ).ũ , 31(ı ,.-(.ũ!.-ũ+ ũ2# .1 ũ 13' ũ #!(+( ũ !' ".ũ -"1 "#Ĕ #-ũ + ũ !(4" "ũ "#ũ (. , ũ #+ũ ĉĎũ "#ũ 1(+ũ "#ũ ĈĒđćũ 8ũ 04#ũ 24ũ "#2#.ũ #2ũ "(5.1!( 12#ũ "#ũ + ũ ,(2, Ĕũ 04#ũ 2#ũ
#-!4#-31 ũ 2#/ 1 ".ũ "#ũ 24ũ !¢-84ı %#ũ "#2"#ũ #+ũ .ũ ĉććĐĔũ .ũ #-ũ #+ũ !4 +ũ/1.!#"(¢ũ ũ -".- 1ũ#+ũ'.% 1ũ 04#ũ3#-( -ũ$.1, ".Ĕũ04#ũ"#-31.ũ"#+ũ , 31(,.-(.ũ /1.!1# 1.-ũ 31#2ũ '().2ũ +.2ũ!4 +#2ũ ũ+ ũ$#!' ũ8 ũ2.-ũ, 8.1#2ũ "#ũ#" "Ĕũ 2(ũ,(2,.ũ04#ũ"#-31.ũ"#+ũ , 31(,.-(.ũ "04(1(#1.-ũ (#-#2ũ04#ũ 2#1;-ũ1#/ 13(".2ũ#-ũ!4#1" 2ũ2#/ 1 ı " 2ēũ 4-" ,#-3 ũ24ũ"#, -" ũ#-ũ+.ũ 04#ũ"(2/.-#ũ#+ũ 13ēũĈĈćĔũ-4,#1 +ũĈĈēũ (-!(2.ũ Ĉ1.ũ "#+ũ ¢"(%.ũ (5(+ũ 5(%#-3#Ĕũ / 1 ũ 04#ũ #-ũ 2#-3#-!( ũ 2#ũ "#!+ ı 1#ũ "(24#+3.ũ #+ũ 5~-!4+.ũ , 31(,.-( +ũ 04#ũ +#ũ 4-#ũ ũ 24ũ -3#2ũ -., 1 ".ũ !¢-84%#ũ 8ũ ũ + ũ 5#9ũ "(2/.-% ũ 24ũ , 1%(- !(¢-ũ#-ũ#+ũ !3 ũ"#ũ, 31(,.ı -(.ũ 1#2/#!3(5 ũ #-ũ #+ũ #%(231.ũ (5(+ũ !.11#2/.-"(#-3#ē Ėũ ũ Ėũ
ũ ũ ũ Ėũ +ũ 2# .1ũ ēũ #!3.1ũ ) ũ #% ũ 4#9ũ _!(,.ũ 4 13.ũ "#ũ +.ũ (5(+ũ "#ũ .2ũ ~.2Ĕũ ,#"( -3#ũ /1.5("#-!( ũ "#ũ $#!' Ĕũ 4#5#".Ĕũ 4-(.ũ ĈĊũ "#+ũ ĉćĈĈĔũ + 2ũ ĈĈ ććēũ ",(3#ũ ũ 31 ,(3#ũ "#ũ )4(!(.ũ #1 +ũ 4, 1(.ũ "(2/.-(#-".ũ !(3 1ũ ũ + ũ "#, -" " ũ ũ 13' ũ #!(+( ũ !' ".ũ -"1 "#Ĕũ /.1ũ + ũ /1#-2 ũ ,#"( -3#ũ 31#2ũ /4 +(! !(.-#2ũ ũ #-ũ 4-.ũ"#ũ+.2ũ"( 1(.2ũ".-"#ũ2#ũ#23 ũ++#ı 5 -".ũ#+ũ 4(!(.ũ8ũ#-ũ4-.ũ"#ũ+ ũ! /(3 +ũ "#ũ+ ũ 1.5(-!( ũũ".-"#ũ2#ũ!#+# 1¢ũ#+ũ , 31(,.-(.Ĕũ!.-$.1,#ũ ũ+.ũ/1#5(23.ũ #-ũ #+ũ 13ēũ ĈĈĒũ "#+ũ ¢"(%.ũ (5(+Ĕũ /.1ũ +.ũ 04#ũ + ũ !3.1 ũ "#!+ 1 ũ ).ũ )41 ı ,#-3.ũ 04#ũ +#ũ #2ũ (,/.2( +#ũ "#3#1ı ,(- 1ũ+ ũ(-"(5("4 +(" "ũ8ũ1#2("#-!( ũ "#+ũ "#, -" ".Ĕũ 04(#-ũ "#-31.ũ "#+ũ 3_1,(-.ũ "#ũ #8ũ !.11#2/.-"(#-3#ũ "# #1;ũ/1#2#-3 1ũ#7!#/!(.-#2ũ2(ũ2#ũ !1#8#1#ũ 2(23(".ēũ 13(!4+ 1ũ 04#ũ 2#ũ /.-#ũ #-ũ !.-.!(,(#-3.ũ "#+ũ "#, -ı " ".Ĕũ "5(13(_-".+.ũ"#ũ+ ũ. +(% !(¢-ũ 04#ũ3(#-#ũ"#ũ2# + 1ũ! 2(++ ũ)4"(!( +ũ #-ũ#23 ũ!(4" "ũ"#ũ 4#5#".ũ/ 1 ũ242ũ -.3(ă! !(.-#2ēıũ #13(ă!. 4#5#".Ĕũ 4-(.ũĉćũ"#+ũĉćĈĈ %ēũ 1~ ũ 1 ũ 4;1#9ē
ũ ^ ũ ũ ũ
ũ
ũ ũ } ũIJũ ĎđĊĊČ
ēũ"#+ũ ē
ũ ũ ũ ũ
ũ ũ ũ ũ ũ ũ
Ėũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ Ėũ 4#ũ ,#"( -ı 3#ũ 2.13#.ũ ' ũ 3.! ".ũ !.-.!#1ũ "#ũ + ũ "#, -" ũ 1"(- 1( ũ ĸ 1#2!1(/!(¢-ũ 731 .1"(- 1( ũ "04(2(3(5 ũ "#ũ .,(-(.Ĺũ /+ -3# " ũ /.1ũ ũ ũ ũ Ĕũ 2(%- " ũ!.-ũ#+ũ .ēũđďıĉćĈć ũ ũ ũ Ėũ +ũ !!(.- -3#ũ !.,/ 1#!#ũ ũ $.) 2ũ Ĉĉũ 8ũ 54#+3 ũ "#ũ +.2ũ 43.2Ĕũ , -($#23 -ı ".ũ 04#ũ "#2"#ũ ĈĒĒĊũ 2#ũ #-!4#-31 ũ /.2#8#-".ũ#-ũ$.1, ũ/4 +(! Ĕũ-.3.ı 1( Ĕũ / !(ă! ũ #ũ (-3#114,/(" ũ 4-ũ +.3#ũ "#ũ 3#11#-.Ĕũ 4 (! ".ũ #-ũ #+ũ 2#!3.1ũ + ũ 2+ Ĕũ"#ũ+ ũ/ 11.04( ũ -ũ ,(+.Ĕũ"#ũ #23 ũ !(4" "ũ "#ũ 4#5#".ũ !.-ũ 4- ũ 24/#1ă!(#ũ"#ũĈćēćććũ,ĉũ"#ũ24/#1ı ă!(#ũ8ũ!48.2ũ+(-"#1.2ũ2.-ũ+.2ũ04#ũ ũ !.-3(-4 !(¢-ũ ũ "#3 ++.ũ Ėũ !.-ũ 3#11#-.2ũ "#ũ /1./(#" "ũ "#+ũ 2# .1ũ ,(+.ũ 1_5 +.ũ .5# Ĕũ !.-ũ ĈĉĎĔććũ ,#31.2ũ !4 "1 ".2ũ Ėũ !.-ũ ! ++#ũ ĵ Ĕũ #-ũ 4- ũ #73#-2(¢-ũ "#ũ ĈĉĎĔććũ ,#31.2ũ!4 "1 ".2Ĕũ Ėũ!.-ũ3#11#ı -.ũ "#ũ /1./(#" "ũ "#+ũ 2# .1ũ ,(+.ũ 1#5 +.ũ .5# Ĕũ #-ũ đćĔććũ ,#31.2ũ !4 "1 ".2Ĕũ ũ Ėũ !.-ũ ! ++#ũ ĵ ũ #-ũ 4- ũ #73#-2(¢-ũ "#ũ .!'#-3 ũ ,#31.2ũ!4 "1 ".2ũ#23 ũ/.2#2(¢-ũ+ ũ 5(#-#ũ #)#1!(#-".ũ "#2"#ũ ' !#ũ , 2ũ "#ũ ĈĎũ .2ũ /1.7(, " ,#-3#ēũ .-ũ 3 +#ũ -3#!#"#-3#2ũ 4-" ,#-3 ũ 24ũ "#, -" ũ #-ũ +.ũ 04#ũ "(2/.-#ũ +.2ũ 132ēũ ĐĈĎĔĉĊĒĉĔĉĊĒđĔĉČćďĔ8ũ ĉČĈĈũ 8ũ , 2ũ /#13#-#!(#-3#2ũ "#+ũ ¢"(%.ũ (5(+Ĕũ / 1 ũ 04#ũ ,#"( -3#ũ 2#-3#-!( ũ 2#ũ "#!+ 1#ũ ũ 24ũ $ 5.1ũ + ũ 1#2!1(/!(¢-ũũ 7 3 1 . 1 " ( - 1 ( ũ "04(2(3(5 ũ "#ũ .,(-(.ũ 8ũ 2#ũ (-2ı !1( ũ#-ũ#+ũ #%(231.ũ"#ũ+ ũ 1./(#" "ũ "#+ũ! -3¢-ũ 4#5#".Ĕũ#+ũ,(2,.ũ04#ũ +#ũ2#15(1;ũ!.,.ũ)423.ũ3(34+.ē Ėũ Ėũ ũ
ũ ũ ũ Ėũ ũ _!3.1ũ ) ũ #% Ĕũ 4#9ũ #,/.1 +ıũ -! 1% ".ũ "#+ũ 49% ".ũ _!(,.ũ 4 13.ũ "#ũ +.ũ (5(+ũ "#ũ .2ũ ~.2Ĕũ ,#"( -3#ũ /1.5("#-!( ũ "#ũ $#!' ũ 4#5#".Ĕũ 19.ũ ĉĎũ "#+ũ ĉćĈćĔũ + 2ũ Ĉć'ČČũ ! +(ă! ũ "#ũ !+ 1 ũ /1#!(2 ũ 8ũ !.,/+#3 ũ + ũ "#, -" ũ 8ũ "(2/.-#ũ 04#ũ 2#ũ !(3#ũ ũ +.2ũ "#, -" ".2ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ
,#"( -3#ũ /4 +(! !(.-#2ũ /.1ũ + ũ /1#-2 Ĕũ /.1ũ , -($#23 1ũ + ũ !3.1 ũ ).ũ )41 ,#-3.ũ 04#ũ +#ũ #2ũ (,/.ı 2( +#ũ "#3#1,(- 1ũ 24ũ (-"(5("4 +(" "ũ .ũ 1#2("#-!( Ĕũ "#ũ !.-$.1,(" "ũ ũ +.ũ "(2/4#23.ũ #-ũ #+ũ 13ēũ đĉũ "#+ũ ¢"(%.ũ "#ũ 1.!#"(,(#-3.ũ (5(+ē 13(!4+ 1ũ 04#ũ 2#ũ /.-#ũ #-ũ !.-.!(ı ,(#-3.ũ "#ũ !!(.- ".ũ "5(13(_-".+#ũ "#ũ+ ũ. +(% !(¢-ũ04#ũ3(#-#ũ"#ũ!.,ı / 1#!#1ũ +ũ)4(!(.ũ"#-31.ũ"#+ũ3#1,(-.ũ "#ũ+#8Ĕũ 2~ũ!.,.ũ+ ũ"#ũ2# + 1ũ! 2(ı ++#1.ũ )4"(!( +ũ #-ũ #23 ũ !(4" "ũ / 1 ũ $4341 2ũ-.3(ă! !(.-#2ē 4#5#".ĔũĉČũ"#ũ 4-(.ũ"#+ũĉćĈĈũũ ũũũũũũũ %ēũ 1~ ũ 1 ũ 4;1#9
49% ".ũ _!(,.ũ 4 13.ũ"#ũ+.ũ (5(+ũ "#ũ .2ũ ~.2 ĎđĊĊĒ
ēũ"#+ũ ē
ũ ũ ũ ũ ũ ũ ũ ũ ũ } ũ ũ ¡ Ėũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ
¡ũ ũ ũ ũ : ēı ũ ũ ũ Ėũ 4#ũ,#"( -3#ũ 2.13#.ũ +#ũ !.11#2/.-"(¢ũ !.-.!#1ũ ũ #23#ũ 49% ".ũ+ ũ"#, -" ũ 1"(- 1( ũ "#ũ 1#2!1(/!(.-ũ 731 .1"(- 1( ũ "04(2(3(5 ũ "#ũ .,(-(.ũ .ũ ĈČĈı ĉćĈĈĔũ2#%4(".ũ/.1ũ+ ũ2# .1 ũ 1( - ũ +.1( ũ 1!( ũ !41(.ũ#-ũ242ũ!.-31 2Ĕũ !48.ũ#731 !3.ũ#2ũ!.,.ũ2(%4#Ė Ėũ ũ ũ ũ ēı Ėũ ũ ũ ũ ũ ũ ũ ũ ũ ũ ũ
¡ũ ũ ũ ũ : ēı ũ ũ ũ Ėũ ũ !!(.- -3#ũ "#, -" ũ 04#ũ ,#"( -ı 3#ũ 2#-3#-!( ũ 2#ũ "#!+ 1#ũ #23 1ũ ./#ı 1 ".ũ #-ũ 24ũ $ 5.1ũ + ũ 1#2!1(/!(¢-ũ 731 .1"(- 1( ũ "04(2(3(5 ũ "#ũ .,(-(.ũ 2. 1#ũ 4-ũ +.3#ũ 2(%- ".ũ !.-ũ #+ũ .ũ ĈĒũ "#ũ + ũ , -9 - ũ ġ Ģũ "#ũ ĉĎćēććũ ,#31.2ũ !4 "1 ".2ũ "#ũ 24/#1ă!(#ũ 4 (! ".ũ #-ũ #+ũ 2#!3.1ũ +"1 ,(- Ĕũ !34 +,#-3#ũ "#-.,(ı - " ũ .3(9 !(¢-ũ +5 ".1ũ ++#-"#ũ "#ũ+ ũ/ 11.04( ũ -ũ 1(23¢ +Ĕũ! -ı 3¢-ũ 4#5#".ũ/1.5(-!( ũ"#ũ .2ũ ~.2Ĕũ !(1!4-2!1(3.ũ "#-31.ũ "#ũ +.2ũ 2(%4(#-ı 3#2ũ +(-"#1.2ũ 8ũ "(,#-2(.-#2Ėũ .13#Ĕũ #-ũ Ĉćũ ,#31.2ũ !.-ũ #+ũ 2.+ 1ũ .ũ ĉėũ 41Ėũ#-ũĈćũ,#31.2ũ!.-ũ! ++#ũ/Ì +(! ėũ
23#Ėũ#-ũĉĎũ,#31.2ũ!.-ũ#+ũ2.+ 1ũ .ũ Ĉđėũ 8ũ +ũ #23#Ĕũ #-ũ ĉĎũ ,#31.2ũ !.-ũ ! ++#ũ/1(-!(/ +ēıũ 4#ũ"#2"#ũ#+ũ"~ ũĉđũ "#ũ)4+(.ũ"#ũĈĒĒČũ, -3(#-#ũ/.2#2(¢-ũ 31 -04(+ Ĕũ/ !~ă! ũ#ũ(-(-3#114,/(" Ĕũ !.-ũ;-(,.2ũ"#ũ2# .1 ũ8ũ"4# ėũ04#ũ + ũ /.2#2(¢-ũ "#+ũ +.3#ũ "#ũ 3#11#-.ũ ' ũ 2(".ũ8ũ#2ũ' 23 ũ+ ũ !34 +(" "ũ2(-ũ5(.ı +#-!( ũ -(ũ !+ -"#23(-(" "ũ #-ũ $.1, ũ 31 -04(+ Ĕũ /Ì +(! Ĕũ / !~ă! ũ #ũ (-(-ı 3#114,/(" Ĕũ1#%4+ 1ũ8ũ 4#- ũ$#Ĕũ!.-ũ #+ũ;-(,.ũ"#ũ2# .1 ũ8ũ"4# Ĕũ".-"#ũ 3(#-#ũ !.-2314(" ũ !.-ũ "(-#1.ũ "#ũ 24ũ /1./(.ũ /#!4+(.ũ 4- ũ ! 2 ũ "#ũ +.04#ũ !149 ".ũ"#ũ4- ũ/+ -3 ũ!.-ũ!4 (#13 ũ "#ũ 9(-!ũ !.-ũ 24ũ 1#2/#!3(5.ũ !#11 ı ,(#-3.ũ "#ũ + "1(++.Ĕũ ".-"#ũ 5(5#ũ !.-ũ 24ũ$ ,(+( ēıũ ,/ 1 ũ24ũ"#, -" ũ#-ũ +.ũ "(2/4#23.ũ #-ũ +.2ũ 13ēũ ĐĈĎĔũ ĉĊĒĉĔũ ĉĊĒđĔũĉČćĈĔũĉČĈĈĔũĉČĈĉĔũĉČĈĊũ8ũ,;2ũ /#13(-#-3#2ũ"#+ũ ¢"(%.ũ (5(+ēı Ėũ ē Ėũ
ũ ũ ũ Ėũ 1ēũ (+2.-ũ 1!( ũ 1 Ĕũ 4#9ũ 4 13.ũ"#ũ+.ũ (5(+ũ "#ũ .2ũ ~.2ũ04(#-ũ,#"( -3#ũ 43.ũ"#ũ , 8.ũĉćũ"#+ũĉćĈĈĔũ+ 2ũĈČ'ĈđĔũ ",(ı 3#ũ + ũ "#, -" ũ ũ 31;,(3#ũ "#ũ 4(!(.ũ 1"(- 1(.Ĕũ "(2/.-(#-".ũ 04#ũ 2#ũ !(3#ũ ũ +.2ũ "#, -" ".2ũ +.2ũ '#1#"#1.2ũ /1#24-3.2ũ8ũ"#2!.-.!(".2ũ"#ũ04(#-ũ #-ũ 5(" ũ 2#ũ ++ ,¢ũ (!3.1ũ -4#+ũ 1, 9 ũ 204#9ũ/.1ũ+ ũ/1#-2 ũ!.-ı $.1,#ũ ũ +.ũ "(2/4#23.ũ #-ũ #+ũ 13ēũ đĉũ "#+ũ ¢"(%.ũ "#ũ 1.!#"(,(#-3.ũ (5(+Ĕũ /.1ũ!4 -3.ũ+ ũ !3.1 ũ ).ũ)41 ,#-3.ũ "#!+ 1 ũ 04#ũ +#ũ #2ũ (,/.2( +#ũ "#3#1ı ,(- 1ũ + 2ũ (-"(5("4 +(" "#2ũ 8ũ ".,(ı !(+(.2ũ"#ũ+.2ũ"#, -" ".2Ĕũ/ 1 ũ04#ũ #-ũ #+ũ 3_1,(-.ũ "#ũ ĈĎũ "~ 2ũ /1#2#-3#-ũ + 2ũ #7!#/!(.-#2ũ 04#ũ 2#ũ !1# -ũ 2(2ı 3(".2ũ8Ĕũ04#ũ2#ũ(-2!1( ũ+ ũ"#, -" ũ #-ũ #+ũ #%(231.ũ "#ũ + ũ 1./(#" "ũ "#+ũ ! -3¢-ũ 4#5#".ēı
.ũ 04#ũ ++#5.ũ ũ 24ũ !.-.!(,(#-3.ũ / 1 ũ +.2ũ ă-#2ũ +#% +#2ũ !.-2(%4(#-ı 3#2Ĕũ "5(13(_-".+#2ũ "#ũ + ũ . +(% !(¢-ũ 04#ũ 3(#-#-ũ "#ũ 2# + 1ũ ! 2(++ ũ )4"(ı !( +ũ #-ũ #23 ũ !(4" "ũ / 1 ũ 04#ũ 1#!(ı -ũ -.3(ă! !(.-#2ũ 8ũ 04#ũ "# #1;-ũ !.,/ 1#!#1ũ ũ )4(!(.ũ "#-31.ũ "#ũ +.2ũ 5#(-3#ũ "~ 2ũ /.23#1(.1#2ũ ũ + ũ Ì+3(ı , ũ/4 +(! !(¢-ũ"#ũ#23#ũ 5(2.Ĕũ! 2.ũ !.-31 1(.ũ /."1;-ũ 2#1ũ "#!+ 1 ".2ũ 1# #+"#2ēıũ #13(ă!.ēı 4#5#".Ĕũ)4-(.ũĉĈũ"#+ũĉćĈĈēı %ēũ -!8ũ 13# % ũ 423 , -3#
ũČ3.ũ ũ ũ ũ } ũũũũũũ ĎđĊĈĒ
Ĺ? Ĺ?
Ĺ?
Ĺ? ƒ Ĺ?Ä Ä‰ÄĄÄƒ
Ä Ä‰
Ĺ? ĂĈĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? Ĺ? ƒ
ĹŠ
#ĹŠ!.,(¢Ŋ ĊĎēćććŊ14 +.2 ËĔŊ ŊŊěŊ -ĹŠ$4-!(.- 1(.ĹŠ "#+ĹŠ (-(23#1(.ĹŠ"#ĹŠ (34 !(.-#2ĹŠ"#ĹŠ ,#1%#-!( 2ĹŠ142.ĹŠ2#ĹŠ!.,(¢ŊĊĎēćććŊ 14 +.2ĔŊ#-ĹŠ2(#3#ĹŠ (++#3#2ĹŠ"#ŊĎēćććĔŊ +ĹŠ 2#1ĹŠ2.1/1#-"(".ĹŠ/.1ĹŠ+ ĹŠ .+(!~ ĹŠ!4 -Äą ".ĹŠ!. 1 ĹŠ4-ĹŠ2. .1-.ĔŊ(-$.1,¢Ŋ#+ĹŠ .,(3_ĹŠ"#ĹŠ -2314!!(¢-ĹŠ"#ĹŠ 42( ēŊŊ ĹŠĹŠĹŠ +ĹŠ$4-!(.- 1(.ĔŊ1#2/.-2 +#ĹŠ"#ĹŠ+ ĹŠ (-2/#!!(¢-ĹŠ"#ĹŠ+ ĹŠ2#%41(" "ĹŠ!.-31 ĹŠ (-!#-"(.2ĹŠ#-ĹŠ+ ĹŠ/1#$#!341 ĹŠ"#+ĹŠ"(2Äą 31(3.ĹŠ ",(-(231 3(5.ĹŠ"#ĹŠ #+#-.%1 "ĹŠ ĸ .2!ĂŒÄšÄ”ĹŠ /1.5#!'¢Ŋ24ĹŠ/.2(!(¢-ĹŠ / 1 ĹŠ#7(%(1ĹŠ#+ĹŠ/ %.ĹŠ"#ĹŠ4-ĹŠ2. .1-.ĹŠ ĹŠ ! , (.ĹŠ"#ĹŠ.!4+3 1ĹŠ"#ă!(#-!( 2ĔŊ2#Äą  +¢Ŋ+ ĹŠ1#2/.-2 +#ĹŠ"#+ĹŠ .,(3_ĹŠ"#ĹŠ -2314!!(¢-ĔŊ (!3.1( ĹŠ ;/+#-*.5 ēŊŊŊ +ĹŠ/ 2 ".ŊĉĉŊ"#ĹŠ)4-(.ĹŠ"#2!4 1(¢Ŋ $ ++.2ĹŠ#-ĹŠ#+ĹŠ31 -2!412.ĹŠ"#ĹŠ+ ĹŠ(-2Äą /#!!(¢-ĹŠ"#ĹŠ".2ĹŠ#"(ă!(.2ĹŠ8ĹŠ#7(%(¢Ŋ #+ĹŠ/ %.ĹŠ"#ŊĊĎēćććŊ14 +.2ĹŠ/ 1 ĹŠ-.ĹŠ (-!+4(1+.2ĹŠ#-ĹŠ#+ĹŠ !3 ĔŊ24 1 8¢Ŋ+ ĹŠ $4-!(.- 1( ēŊŊ ĹŠĹŠĹŠ ÄĄ +ĹŠ"~ ĹŠ2(%4(#-3#ĹŠ$4#ĹŠ"#3#-(".ĹŠ!4 -Äą ".ĹŠ1#!( ~ ĹŠ+ ĹŠ! -3(" "ĹŠ#7(%(" ĹŠ#-ĹŠ #+ĹŠ!4 13.ĹŠ"#ĹŠ  .ĹŠ"#+ĹŠ#"(ă!(.ĹŠ"#ĹŠ+ ĹŠ (1#!!(¢-ĹŠ"#ĹŠ+.2ĹŠ"(231(3.2ĹŠ"#ĹŠ ~+(-.ĹŠ 8ĹŠ 3;1.8#ĹŠ 1(ĂŒ*.5.ēŊ #ĹŠ!.,(¢Ŋ2(#3#ĹŠ (++#3#2ĹŠ"#ŊĎēćććŊ14 +.2ĹŠ! " ĹŠ4-.ĹŠ "#+ -3#ĹŠ"#ĹŠ+.2ĹŠ %#-3#2ĹŠ/.+(!( +#2ĢĔŊ %1#%¢Ŋ ;/+#-*.5 Ä“
# ,)Ĺ‹#( (.#&Ĺ‹ Ä’ /Z,' . Ĺ‹ Ĺ‹ /( ŋĢĄĄĄģŋ0 4ēŋ ĔŊ ŊěŊKd fWZh[ fh_# c[h_pe WhhWiÂŒ [d ;;$KK$ Yed kd _hh[l[h[dj[ b_Xhe _d\Wdj_b j_jkbWZe Ăˆ=e j^[ \kYa je ib[[fÉ :kƒhc[j[ Z[ kdW fkjW l[p " kdW _Z[W gk[ dWY_ÂŒ W fWhj_h Z[ kdW _dY[dZ_Wh_W h_cW gk[ fkXb_YÂŒ [d bW h[Z ieY_Wb <WY[Xeea$ 7ZWc CWdiXWY^" Z[ )* W‹ei" de feZ‡W iefehjWh c|i bW \hkijhWY_ÂŒd gk[ b[ fheleYWXW de Yedi[]k_h gk[ ik ^_`W i[ Zkh# c_[hW feh bWi deY^[i" Z[ cWd[hW gk[ Yec[dpÂŒ W [iYh_X_h h_cWi fWhW YWdWb_pWh ik _cfej[dY_W$ ÆBWi l[djWdWi [ij|d eiYkhWi [d bW Y_kZWZ" d_‹W% BWi XWbb[dWi i[ ^Wd WYkhhkYWZe oW [d be c|i fhe\kdZe% J[ b[e [b ‘bj_ce b_Xhe i_ j‘ `khWi% Gk[ j[ Zehc_h|i Z[ kdW fkjW l[pÇ" \k[ kde Z[ iki fh_c[hei fe[cWi$ 9ece Yed\[iÂŒ [d lWh_ei fhe# ]hWcWi Z[ j[b[l_i_ÂŒd" ƒb" del[# b_ijW Z[ fhe\[i_ÂŒd" dkdYW jkle bW _dj[dY_ÂŒd Z[ fkXb_YWh kd b_Xhe _d\Wdj_b Yed [ijWi Z[iYWhWZWi WdejWY_ed[i f[hiedWb[i$ I_d [c# XWh]e" Z[iZ[ gk[ [iYh_X_ÂŒ kdW Z[ [ijWi h_cWi [d ik f[hĂ’b Z[ <WY[Xeea" ik fe[i‡W Yec[dpÂŒ W fhefW]Whi[ Yece bW fÂŒblehW [d ?dj[hd[j o Yec[dpWhed W bbel[h# b[ f[j_Y_ed[i fWhW gk[ i_]k_[hW Yh[WdZe o fh[i[djÂŒ [b b_Xhe$
0#)( -ŋ )(. ,6(ŋ )(ŋ /(ŋ. ")ŋ., (-* , (. ēŊ 2~Ŋ/."1~ Ŋ2#1Ŋ#+Ŋ 5(¢-Ŋ"#+ŊĉćĎćēŊ 2/#1 -Ŋ04#Ŋ+.2Ŋ5( )#2Ŋ _1#.2Ŋ2#Ŋ!.-5(#13 -Ŋ#-Ŋ4- Ŋ %1 " +#Ŋ#7/#1(#-!( ē
-ĹŠ#+ĹŠ  .ŊĉćĎćĔŊ+ ĹŠ#7/#1(#-!( ĹŠ"#ĹŠ 5( ) 1ĹŠ#-ĹŠ 5(¢-ĹŠ2 +"1;ĹŠ"#ĹŠ+ ĹŠ143(- ēŊ #-"1;ĹŠ4- ĹŠ9.- ĹŠ"#ĹŠ)4#%.2ĹŠ5(134 +#2ēŊ BW YecfW‹‡W 7_hXki WdkdY_ÂŒ gk[ fWhW [b W‹e (&+&" bW ][dj[ feZh| j[d[h kd WbkY_dWdj[ l_W# `[ [d ik Wl_ÂŒd Z[ j[Y^e jhWdi# fWh[dj[ gk[" WZ[c|i" j[dZh| pedWi j[c|j_YWi gk[ l[dZh|d W h[fh[i[djWh Wgk[bbWi gk[ [d bW WYjkWb_ZWZ [ij|d i[fWhWZWi [YedÂŒc_YWc[dj[$ :khWdj[ [b l_W`[" bei W\ehjk# dWZei fWiW`[hei Z[ [ij[ Wl_ÂŒd feZh|d j[d[h kdW Yed\[h[dY_W _dj[hWYj_lW" l[h `k[]ei l_hjkWb[i Z[ ]eb\ e l_i_jWh bW pedW Z[ Æh[^W# X_b_jWY_ÂŒdÇ" [d ZedZ[ i[ feZh|d
jecWh i[i_ed[i Z[ WYkfkdjkhW o WhecWj[hWf_W$ ÆI[]‘d dk[ijhei [ijkZ_ei" bei fWiW`[hei Z[ (&+& [if[hWd gk[ bei l_W`[i Wƒh[ei i[ Yedl_[hjWd [d kdW W]hWZWXb[ [n# f[h_[dY_W W bW l[p gk[ h[if[jWd [b c[Z_e WcX_[dj[$ ;b 9edY[fj 9WX_d Z[ 7_hXki i[ ^W Z_i[‹WZe j[d_[dZe fh[i[dj[ [iei Wif[Yjei" o ck[ijhW gk[ bei l_W`[i fk[Z[d i[h kdW Wl[djkhW [d bk]Wh Z[ kd ‘d_Ye eX`[j_le Z[ bb[]Wh W kd Z[ij_deÇ" WĂ’hcÂŒ 9^Whb[i 9^Wc# f_ed" l_Y[fh[i_Z[dj[ [`[Ykj_le Z[ ?d][d_[h‡W Z[ 7_hXki$
JWcX_ƒd YedjWh| Yed j[Y# 8-.- _XW W fh[i[djWh" ^_Y_[hed debe]‡Wi [YebÂŒ]_YWi" [djh[ bWi gk[ 7_hXki h[Z_i[‹Wi[ feh Yec# gk[ [ij|d bW gk[ h[ZkY[ bW gk[# fb[je [b ceZ[be o fh[i[djWi[ kd cW Z[ YecXkij_Xb[i" bW Wl_ÂŒd YWi_ Yecfb[jW# YedjWc_dWY_ÂŒd WY‘i# c[dj[ dk[le$ j_YW o bWi [c_i_ed[i Z[ ĹŠ 7i‡" [b ceZ[be h[i_Zkei jÂŒn_Yei$ fWiÂŒ W Z[dec_dWh# i[ 7)+&NM8 ;njhW (1 42ĹŠ #2ĹŠ4- ĹŠ#,/1#2 ĹŠ +ĹŠ/1#2#-3# M_Z[ 8eZo" [d h[\[h[d# / -#41./# ĹŠ ;b ‘bj_ce ceZ[be gk[ #1.-;43(! ĹŠ8ĹŠ Y_W W bW dk[lW i[YY_ÂŒd 7_hXki [ij| Z[iWhhebbWd# #1.#2/ !( +ēŊ Z[ \ki[bW`[" c|i Wcfb_W 4#ĹŠ!1# " ĹŠ#-ĹŠ Ze [i [b 7)+&" [b YkWb ikh# Ä‰Ä‡Ä‡ÄˆĹŠ#-ĹŠ gk[ bW kj_b_pWZW [d bei .4+.42#ĔŊ ][ [d h[ifk[ijW Wb ceZ[be 1 -!( Ä“ 7))& o 7)*& $ 8-.- Z[ bW YWiW 8e[_d]$ :[ [ijW \ehcW [b ?d_Y_Wbc[dj[ i[ fh[# dk[le ceZ[be [ijW# i[djÂŒ Yece kd Z[h_lWZe h‡W [d YedZ_Y_ed[i Z[b oW [n_ij[dj[ 7))&" Yed c[# Z[ Yecf[j_h Z_h[YjWc[dj[ [d `ehWi [d W[heZ_d|c_YW" cejeh[i" fh[ijWY_ed[i" Yedikce o Yei# Wl_ÂŒd_YW [ _dj[h_eh[i" f[he bW Z[# j[i ef[hWj_lei Yed [b 8-.-" Wkd cWdZW Z[b c[hYWZe" Wi‡ Yece YkWdZe [ij| feh l[h i_ bb[]WhW W bWi fh[ijWY_ed[i gk[ [b \kjkhe XWj_h W bei Z[ ƒij[$
/ , Ćŋ &ŋ*,#' ,ŋ &/& ,ŋ , ŋ* - #.)
-!1#~ +#ĹŠÄĽ'~ 1(".ÄŚ
-ĹŠ24(9.ĹŠ"#ĹŠÄˆÄ?ĹŠ  .2ĹŠ'(9.ĹŠ#23#ĹŠ(-5#-3.ĹŠ42 -".ĹŠ4- ĹŠ,.3.ĹŠ8ĹŠ/ 13#ĹŠ "#ĹŠ4-ĹŠ #- 4+3ĹŠ +(.ēŊ +ĹŠ24)#3.ĹŠ2 +(¢Ŋ ĹŠ!.-"4!(1ĹŠ/.1ĹŠ+ 2ĹŠ! ++#2ĹŠ8ĹŠ$4#ĹŠ "#3#-(".ĹŠ/.1ĹŠ+.2ĹŠ/.+(!~ 2ĹŠ04(#-#2ĹŠ+#ĹŠ/1.'( (#1.-ĹŠ, -#) 1ĹŠ#-ĹŠ#2#ĹŠ #-%#-"1.ēŊ
;b ceZ[be :odWJ79 .&&&N gk[ \k[ Z[iWhhebbWZe [d [b W‹e '/.) _pgk_[hZW \k[ [b fh_c[he [d bWdpWhi[ [d [b c[hYWZe Z[iWhhebbWZe feh bW Ă’hcW CejehebW$ ;b WfWhWje f[iWXW kdei .&& ]hWcei" YeijWXW kdei * c_b ZÂŒbWh[i o ik XWj[h‡W iebe ZkhWXW kdW ^ehW$ 7Z[c|i" [hW jWd ]hWdZ[ gk[ Wb]kdWi l[Y[i j[d‡W gk[ i[h YWh]WZe [d XebiWi$ Kd W‹e c|i WZ[bWdj[ Ce# jehebW ^WX‡W l[dZ_Ze kdWi )&&"&&& kd_ZWZ[i$ >eo \WXh_YW ceZ[bei Z[b# ]WZei gk[ YWX[d [d bW fWb# cW Z[ bW cWde o gk[ de ikf[hWd bei +&& ZÂŒbWh[i$
ēŊ 23#Ŋ / 1 3.Ŋ(-(!(¢Ŋ+ Ŋ#1 Ŋ "#Ŋ+.2Ŋ3#+_$.-.2Ŋ,¢5(+#2ē
# ,#)-ŋ& ŋ -.,)4 ,)(ŋ & ŋ0# ŋ ŋ/( ŋ '#&# .8Ŋ2#/4+3 -Ŋ Ŋ .Ĺ #13.Ŋ .1;-ēŊ 8#1Ŋ 2#Ŋ!.-.!(¢Ŋ04#Ŋ 1+.2Ŋ + 1#9.Ŋ 3 , (_-Ŋ$ ++#!(¢ēŊ
Ŋ ěŊ 9ece h[ikbjWZe Z[
bW XhkjWb XWbWY[hW eYkhh_ZW bW WcWd[Y_ZW Z[b i|XWZe &'0&& " [d bW Wl[d_ZW @W_c[ HebZÂŒi 7]k_b[hW [djh[ :ƒY_cW Gk_djW o :ƒY_cW I[njW" lWh_Wi f[hie# dWi gk[ i[ [dYedjhWXWd [d bWi W\k[hWi Z[ kdW Z_iYej[YW h[# ikbjWhed ^[h_ZWi Z[ ]hWl[ZWZ$ C_[djhWi gk[ Zei \Wbb[Y_[hed$ CWhYe HeZh‡]k[p" gk_[d \k[ WbYWdpWZe feh [b j_hej[e" dWhhÂŒ Wo[h gk[ Wgk[bbW deY^[ jeZe jhWdiYkhh‡W Yed jejWb dehcWb_# ZWZ$ ;ijWXWd h[kd_Zei Yed kd ]hkfe Z[ Wc_]ei" ik ^[hcWdW o ik Yk‹WZe gk_ƒd ckh_ÂŒ $ ÆOe [ijWXW Yedl[hiWdZe [d bW fWhj[ Z[ W\k[hW Yed [b Zk[‹e Z[b [ijWXb[Y_c_[dje" W feYei fW# iei i[ [dYedjhWXW c_ ^[hcWdW AWjjo HeZh‡]k[p `kdje W ik [i# feie HeX[hje 9Whbei Ceh|d L[# bWiYe ! 1 kdW Wc_]W gk[ ^WX‡W bb[]WZe Z[iZ[ ;ifW‹W" o ejhWi f[hiedWi c|i$ :[ h[f[dj[" Wb# ]k_[d bbWcÂŒ W kdW f[hiedW gk[ fWiWXW feh [b bk]Wh" i[ WY[hYÂŒ o i_d f[hYWjWhdei kdW ceje bb[]ÂŒ Yed Zei _dZ_l_Zkei W XehZe o i_d ZWhdei Yk[djW bWdpWhed kdW h|\W]W Z[ Z_ifWhei [d YedjhW Z[ gk_[d[i [ij|XWcei [d bW fWhj[ Z[ W\k[hWÇ" YedjÂŒ HeZh‡]k[p c_[djhWi [di[‹WXW iki ^[h_ZWi$ F[he Wbb‡ de j[hc_dÂŒ jeZe" Z_`e gk[ [b ^ecXh[ W gk_[d gk[h‡Wd [b_c_dWh \k[ WbYWdpW# Ze Yed lWh_ei Z_ifWhei" f[he de ckh_ÂŒ" ƒb _dj[djÂŒ _d]h[iWh
ēŊ 2/.2 Ŋ#Ŋ'() 2Ŋ++.1 -Ŋ+ Ŋ/_1"(" Ŋ"#Ŋ24Ŋ2#1Ŋ04#1(".Ŋ#-Ŋ+ 2Ŋ $4#1 2Ŋ"#+Ŋ 1Ŋ .-4,#-3 +ĔŊ".-"#Ŋ#1 Ŋ5#+ ".ē
W bW fWhj[ _dj[h_eh Z[ bW Z_iYe# hed i[h_Wc[dj[ ^[h_ZWi" c_[d# l[bWdZe feh YkbfW Z[ f[hiedWi j[YW f[he de fkZe" be]hWdZe jhWi gk[ W ƒb CWhYe iŒbe b[ hepŒ _d[iYhkfkbeiWi$ kdW XWbW [d [b XhWpe Z[h[Y^e$ BW [ifeiW WZebeh_ZW feh [b [iYWfWhi[ Z[ _dc[Z_Wje$ _cfWYje Z[ kdW XWbW" Z_`e gk[ ik WcWZe o fWZh[ Z[ iki ^_`Wi" [hW
ĹŠ"#2%1 !( 1 ĹŠ4-ĹŠ/ "1#ĹŠ#)#,/+ 1 HeZh‡]k[p" kd jWdje Z[iYed# Bk[]e Z[b Wj[djWZe" HeX[hje [`[cfbWh o jhWXW`WZeh$ Y[hjWZe" Yedj_d‘e YedjWdZe bei Ceh|d ^eo eYY_ie " \k[ jhWi# jh|]_Yei ^[Y^ei gk[ cWhYWhed bWZWZe Z[ [c[h][dY_Wi ^Wi# #3 ++#2 bW l_ZW Z[ ckY^Wi f[hiedWi$ jW [b >eif_jWb Z[ Gk[l[Ze" W HeX[hje Ceh|d ! bWXehW# H[YehZÂŒ gk[ bk[]e Z[ gk[ i[ [ie Z[ bWi &(0&&" Z[X_Ze W bW XW Yece WZc_d_ijhWZeh Z[b YWbcWhW bW XWbWY[hW i[ b[lWd# ]hWl[ZWZ Z[ bWi ^[h_ZWi Wbh[# XWh ;b Cedkc[djWb" WZ[c|i jÂŒ o c_hÂŒ W ik Yk‹WZe HeX[hje Z[Zeh Z[ bWi &)0)&" bW l‡Yj_cW jhWXW`WXW [d bW YecfW‹‡W Z[ ! " gk_[d [ijWXW j_hWZe [d [b gk_[d bkY^WXW feh ieXh[l_l_h XWbiW FbWdjWXWb$ f_ie Yed kd Z_ifWhe [d bW ]Wh# \k[ bb[lWZW ^WijW bW Y_kZWZ Z[ Feh [b cec[dje i[ Z[iYe# ]WdjW" W ik ^[hcWdW A[jjo Yed =kWoWgk_b ZedZ[ \Wbb[Y_ÂŒ$ deY[ [b decXh[ o [b fWhWZ[he kd Z_ifWhe [d [b ]b‘j[e Z[h[# 7o[h [d bWi W\k[hWi Z[b XWh Z[ bW f[hiedW W gk_[d bei fh[# Y^e" o W kd Wc_]e gk[ j[d‡W kd Cedkc[djWb" kX_YWZe \h[dj[ ikdjei o Z[if_WZWZei i_YWh_ei Wb [ijWZ_e I_[j[ Z[ EYjkXh[" je# gk_i_[hed [b_c_dWh$ Z_ifWhe [d bW f_[hdW$ 7Z[c|i" [b Zk[‹e Z[b [ijW# Zei i[ [dYedjhWXWd jejWbc[dj[ >WijW [b Y_[hh[ Z[ [ijW [Z_# Xb[Y_c_[dje" 8ohed I|dY^[p" Z[iYediebWZei$ Y_ÂŒd" i[ YedeY_ÂŒ gk[ 9Whbei jWcX_ƒd [ijWXW ^[h_Ze$ KdW A[jjo HeZh‡]k[p [ifeiW LWbWh[pe jWcX_ƒd ^WX‡W \Wbb[Y_# XWbW be ^WXh‡W WbYWdpWZe [d `kdje W iki f[gk[‹Wi0 ;ij[\W# Ze [d bW Y_kZWZ Z[ =kWoWgk_b" kdW Z[ iki f_[hdWi$ d‡W '& o =_di[Z '' " de Yec# c_[djhWi gk[ i[_i f[hiedWi :[ _]kWb cWd[hW" ejhWi YkW# fh[dZ‡Wd W‘d bW ck[hj[ Z[ ik c|i Yedj_d‘Wd Yed fhedeij_Ye jhe f[hiedWi jWcX_ƒd h[ikbjW# fWZh[ 9Whbei" gk_[d i[ [ijWXW h[i[hlWZe$
Ĺ? ĂĈĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? Ĺ? ƒ
#/ ()Ĺ‹ ( )(., )Ĺ‹ '/ ,.)Ĺ‹ )(Ĺ‹ ßúŋ*/˜ & -Ĺ‹ ĹŠ ěŊ Kdei W]h_Ykbje# h[i gk[ i[ Z_ifed‡Wd W h[Wb_pWh iki bWXeh[i Z_Wh_Wi bW cW‹WdW Z[ Wo[h [d [b h[Y_dje IWd FW# Xbe Z[b YWdjÂŒd 8WXW^eoe" i[ iehfh[dZ_[hed Wb [dYedjhWh [b Yk[hfe i_d l_ZW Z[ kdW f[hie# dW Z[ i[ne cWiYkb_de" gk_[d Wb fWh[Y[h ^WXh‡W i_Ze Wi[i_dWZW [d ^ehWi Z[ bW cWZhk]WZW Yed lWh_Wi fk‹WbWZWi$ Bei YWcf[i_dei Z[ _dc[Z_Wje Z_[hed Wl_ie W bW Feb_Y‡W DWY_e# dWb WYWdjedWZW ieXh[ [b ^WbbWp# ]e" W [ie Z[ bWi &.0&& W][dj[i Z[ Yh_c_dWb‡ij_YW iWb_[hed Z[iZ[ 8WXW^eoe Yed Z_h[YY_ÂŒd Wb h[# Y_dje IWd FWXbe" fWhW h[Wb_pWh [b b[lWdjWc_[dje Z[b YWZ|l[h" [b c_ice gk[ fh[i[djWXW (& fk‹W# bWZWi [d jeZe ik Yk[hfe$ BW l‡Yj_cW gk[ \k[ jhWibWZW# ZW ^WijW bW Ceh]k[ Z[ 8WXW^e# oe" fWhW bW Wkjefi_W Z[ b[o" \k[ _Z[dj_Ă’YWZW Yece ?iiWY M_bb_Wc :‡Wp HeiWZe Z[ +) W‹ei" gk_[d i[ Z[i[cf[‹WXW Yece WbXW‹_b$ I[]‘d l[hi_ed[i Z[ bei \W# c_b_Wh[i" kdei Wc_]ei be l_[# hed feh ‘bj_cW l[p [b i|XWZe W [ie Z[ bWi '-0&& [d [b Y[djhe Z[ bW Y_kZWZ1 i_d [cXWh]e" Zei ^ehWi c|i jWhZ[ Z[`ÂŒ [d# YWh]WZW bW ceje [d bW YkWb i[ cel_b_pWXW Yed kd Yec# fW‹[he Z[ jhWXW`e" bk[]e Z[ [dYedjhWhi[ Yed kdW Wc_]W" Z[iZ[ Wbb‡ dWZ_[ ikfe Z[ ik fWhWZ[he ^WijW bW cW‹W# dW i_]k_[dj[ gk[ \k[ ^WbbWZe XhkjWbc[dj[ Wi[i_dWZe$
, Ĺ‹ Ĺ‹"#$)Ĺ‹ / ,)(Ĺ‹ & )-Ĺ‹'# (., -Ĺ‹ )(0 ,- (Ĺ‹ ŊěŊ @eiƒ 7djed_e HeZh‡# ]k[p L[h]WhW Z[ )' W‹ei" \k[ Wi[# i_dWZe Yed kd _cfWYje Z[ XWbW W bW WbjkhW Z[b jehWn$ ;b ^[Y^e eYkhh_ÂŒ [b i|# XWZe ‘bj_ce W [ie Z[ bWi ((0&& [d bWi YWbb[i HWgk[b 9ejje Z[ bW Y_kZWZ[bW BW Dk[lW ;if[hWdpW [d L[djWdWi$ I_bl_W Ehj_p" j‡W Z[ bW l‡Yj_cW" _d\ehcÂŒ gk[ [b ^[Y^e eYkhh_ÂŒ YkWdZe @eiƒ ! i[ [dYedjhWXWd h[kd_Ze [d bWi W\k[hWi Z[ ik l_# l_[dZW [d YecfW‹‡W Z[ lWh_ei \Wc_b_Wh[i" _dYbk_ZW ik cWZh[ 7bXW @Wd[j^ L[h]WhW 9^_Y^Wd# Z[" YkWdZe Z[ kd cec[dje W ejhe WfWh[Y_[hed jh[i ik`[jei W XehZe Z[ kdW cejeY_Yb[jW" gk_[d[i Z[iYWh]Whed lWh_ei Z_ifWhei [d YedjhW Z[ bW \Wc_b_W HeZh‡]k[p L[h]WhW$ 9ece Yedi[Yk[dY_W Z[ bW XWbWY[hW" 7bXW L[h]WhW h[Y_#
X_Œ kd Z_ifWhe [d ik heijhe" W bW WbjkhW Z[b fŒckbe Z[h[Y^e1 c_[djhWi gk[ ik ^_`e @eiƒ HW# c‡h[p" gk_[d jhWjŒ Z[ Wkn_# b_WhbW" h[Y_X_Œ kd Z_ifWhe W bW WbjkhW Z[b jŒhWn YWki|dZeb[ bW ck[hj[ _dijWdj|d[W$
.2ĹŠ/1(,#1.2ĹŠ 47(+(.2
Bk[]e Z[ Yec[j_Ze [b ^[Y^e" bei Wi[i_dei o fh[ikdjei i_# YWh_ei i[ Z_[hed W bW \k]W Yed hkcXe Z[iYedeY_Ze" c_[djhWi gk[ l[Y_dei Z[b bk]Wh o \Wc_# b_Wh[i jhWibWZWhed W bWi l‡Yj_# cWi ^WijW [b ^eif_jWb @W_c[ HebZŒi 7]k_b[hW Z[ L[djWdWi$ ;d [b deieYec_e" bei ]Wb[# dei iŒbe fkZ_[hed Yed\_hcWh [b \Wbb[Y_c_[dje Z[ @eiƒ HWc‡# h[p" c_[djhWi gk[ 7bXW L[h]W# hW feh [dYedjhWhi[ [d [ijWZe Z[ ]hWl[ZWZ" \k[ jhWibWZWZW Z[ kh][dY_Wi ^WijW [b ^eif_jWb
Bk_i L[hdWpW Z[ =kWoWgk_b" [d ZedZ[ W‘d i[ [dYk[djhW [d fhedÂŒij_Ye h[i[hlWZe$ CWhY[bW 8Wgk[ J_ne" [ife# iW Z[b eYY_ie" _d\ehcÂŒ gk[ Yed bW fƒhZ_ZW Z[ ik Yedl_l_[dj[ gk[ZWd [d bW eh\WdZWZ YkWjhe ^_`ei c[deh[i Z[ [ZWZ" feh be gk[ f_Z[ W bWi Wkjeh_ZWZ[i `k# Z_Y_Wb[i o feb_Y_Wb[i i[ _dl[ij_# ]k[ [b ^[Y^e fWhW gk[ de gk[Z[ [d bW _cfkd_ZWZ$ CehWZeh[i Z[b i[Yjeh _dZ_]# dWZei feh bW \WbjW Z[ i[]kh_ZWZ" _d\ehcWhed gk[ f[i[ W bW cWhY^W gk[ i[ h[Wb_pÂŒ [b fWiWZe '. Z[ `k# d_e [d YedjhW Z[ bW Z[b_dYk[dY_W" [d L[djWdWi de ^W Z_ic_dk_# Ze [b Wbje ‡dZ_Y[ Z[b_dYk[dY_Wb" feh be gk[ [n_][d W bWi Wkjeh_# ZWZ[i feb_Y_Wb[i o ckd_Y_fWb[i jecWh YWhjW [d [b Wikdje Yed [b Ă’d Z[ gk[ bW ieY_[ZWZ i[ i_[djW fhej[]_ZW o i[]khW$
Ä ÄŠ
ēŊ 8#1Ŋ$4#Ŋ5#+ ".Ŋ#+Ŋ!4#1/.Ŋ"#Ŋ .2_Ŋ ."1(%4#9ē
Ďć! (-!+ēũ
ũĉĐũ ũ ũ ũũĉćĈĈ
.2ũ ~.2
¡ũĉćũ ũ
Ċďũ :
2#2(- 1.-ũ +ũ ",(-(231 ".1ũ
;%(- ũ ĈĒ
#ũ"(2/ 1 1.-ũ#-ũ #+ũ/.13 +ũ"#ũ24ũ! 2
.2_ũ ."1~%4#9ũ #1% 1 ũ$4#ũ,4#13.ũ!.-ũ4-ũ + 9.ũ#-ũ#+ũ/#!'.ēũ 4ũ, "1#ũ3 , (_-ũ1#ı !( (¢ũ4-ũ(,/ !3.ũ8ũ#23;ũ%1 5#ēũũ ;%(- ũ ĈĒ
22 !ũ ~ 9Ĕũ"#ũĎĊũ .2Ĕũ$4#ũ#-!.-31 ".ũ 2(-ũ5(" ũ#-ũ4- ũ%4 1" 11 8 ũ"#+ũ1#!(-3.ũ -ũ +.ēũ 1 ũ + (+Ĕũ242ũ$ ,(+( 1#2ũ #7(%#-ũ)423(!( ē ;%(- ũ ĈĒ
Ğ +ũĥ~".+.Ħũũ %.+#¢ũĎũ ũćĝ
.2ũ,4!' !'.2ũ2#ũ 1#(-5(-"(! 1.-ũ!.-ũ31#2ũ %.+#2ũ"#+ũ/ 1 %4 8.ũ 4+(.ũ _2 1ũ .+, -ũ8ũ".2ũ"#+ũ ĥ '4#!.Ħũ 1!~ ēũ .-ũ#23#ũ31(4-$.ũ+.%1 1.-ũ 2 +(1ũũ"#+ũ2¢3 -.ũ"#ũ+ ũ3 ı + ũ"#ũ/.2(!(.-#2Ĕũ8 ũ2#ũ 4 (! -ũ#-ũ.!3 5.ũ+4% 1ē
ũ ũ$4#ũ#+ũĥ/ 3.Ħē ũ ũũũũũũũũ : ũ Ĉĉ