Add to collection(s) Add to saved
  1. No category
Uploaded by harry

Grounds That Shout Bulletin-compressed(1)

advertisement 
F pn tmcr
SgYs
R gn ts
& Ymc n sgdpr
ldpdkw r gYjh mf (
LYw 1 y 0 0 ) 1 . 0 8
F pn tmcr
SgYs
R gn ts
& Ymc n sgdpr
ldpdkw r gYjh mf (
LYw 1 y 0 0 ) 1 . 0 8
1
2
!" #$%&' () '&$* +,(-./'0* 1''."'$(" '( *$'. 1"2 #13.,.2 &$*4
'(,$.*5 '&. /(##16(,1'(,* 1"2 +.,)(,7.,* () !"#$%&' ()*(
+)#$(, -*%& #()."' /.".01 ')*23%45 ,.*+./')8##3 1/9"(:#.2%.
'&1' '&.*. +.,)(,71"/.*5 +1".#*5 1"2 %1'&.,$"%* 1,. '19$"%
+#1/. (" '&. ',12$'$("1# #1"2 () '&. ;.""$4;."1+. +.(+#.<
3
4
B N MSDMSR
1
02
00
04
06
03
01
52
50
55
56
53
51
60
64
69
63
67
90
95
5
=/&.28#. () >?."'*
!"#"$%&'()
@.%%$. A$#*("5 ;.''., ),(7 '&. B8,1'(,
C1,." D$;(**$5 E1,'".,* )(, =1/,.2 E#1/.*
F1,,3 E&$#6,$/95 E&$#12.#+&$1 B("'.7+(,1,3
G823 F8**$.4H13#(,5 6.(7#"2' #8 9.0*(3#%' :.(7..% ;3/. < =0*>.
D.6(,1& I< H&(71*5 B."'., )(, >J+.,$7."'1# >'&"(%,1+&3
I,$.##. G8#$1 K,(:"5 ?@#A.B :.0#7B :.(73C(D E"*/*($"43.' < F*1' #8
G%#73%4 3% !"#$%&' ;)*( +)#$(, -*%& #()."' /.".01 ')*23%45
!"#$%&' ()*+ ,)#$+- *% +,-.$, '/ %," 012'$*%"
E.,)(,71"/. L8'#$".
@.%%$. A$#*("5 @(('* () !"#$%&' ;)*( +)#$(,
I ;.''., ),(7 '&. B&8,/& () '&. I2?(/1'.
!"#$%&' ()*+ ,)#$+- 3.'$"))&'(
E.,)(,71"/. L8'#$".
E,(/.**$(" @(8'. M1+
;.''.,* ),(7 E,(/.**$(" B&8,/&.*
+."1&%)
B&8,/& () '&. I2?(/1'. E.,)(,7.,*
E,(/.**$(" E.,)(,7.,*
I2?$*(,* '( '&. B8,1'(,
E,(28/'$("
N$2.( E,(28/'$("
B(##./'$?. I/9"(:#.2%7."'*
E1,'".,* O P8"2.,*
R B GDCTKD N E DUDMSR
F pn tmcr SgYs R gn ts
Ys B gtpb g n e sgd >cun b Ysd
M13 4 1' p.52 mM
M13 5 O 6 1' 1 mM
D1?$2 K,$/95 H*1 I J%(." (). +K*>.L
Q.,71$". !"%,175 +#$0' *M+(3""3%4
P$*' 1"2 F..# E.,)(,71"/. Q,(8+5 NNN().1 '(##& ')*23%4 7)30. #()."'
@.4*% (# ')#$(
H1#9461/9 :$'& @.%%$. A$#*("
F pn tmcr SgYs R gn ts
SYkjr
4'5 6&1 7" 8"% 4"."9 0..&2&(: *% !"#$%&' ()*+ ,)#$+.*%& #+)/"' 0/"/12 ')*34%56
ayA 5 1' 5 mM
H.7+#. B("'.7+(,1,3
G($" '&. /8,1'(,5 +1,'".,*5 1"2 +,(28/.,* () !"#$%&' ;)*( +)#$(, -*%&
#()."' /.".01 ')*23%45 !"# $ %$&'( )*+,-++*"& *& #'.',/*"& "& /0' %#"1',/2+
2.?.#(+7."' +,(/.**< H&$* +1".# :$## ).1'8,. C.,,3 K$/9)(,25 C1,." D$4
;(**$5 G823 F8**$.4H13#(,5 F1,,3 E&$#6,$/95 @(6$" ='17.35 1"2 @.%%$.
A$#*("5 7(2.,1'.2 63 I,$.##. G8#$1 K,(:"<
;( <=)".2*($"> ?@*$A(")) 5&%,&( B%,(':.*C,&$D E&%-.:&$*@ *(1
F'2"G"(% 3.*$%&$")
M13 3 1' 3 mM
B&8,/& () '&. I2?(/1'.
7
F(: 2( +,1/'$/.* 1/,(** .'&"(%,1+&35 #$'8,%$/1# 21"/. 1"2 +(*'4I)4
,$/1"RS.(4F((D(( M(2.," D1"/. $"'.,*./' $" 7(?.7."' +,1/'$/.5
/8#'8,1# ',1"*7$**$(" 1"2 '.J'461*.2 1,'$/8#1'$("T G($" '&$* +1".# ()
21"/. */&(#1,* 1"2 719.,* )(, 7.2$'1'$("* (" &$*'(,$/1#5 /("'.7+(,1,3
1"2 .7.,%."' ,.+.,'($,.* () K#1/9 *1/,.2 21"/.<
!&:,%)D !&%") *(1 0),")> <( 3-=@&$ !"G"G=".&(: '(
E"(*C" E*(1
M13 p 1' 3 mM
L#2 E$". =',..' E,.*63'.,$1" B&8,/&
G($" ,.*+./'$?. /(778"$'3 #.12.,* 1/,(** ='< E.'.,0* >+$*/(+1# B&8,/&5
L#2 E$". =',..' B&8,/&5 1"2 M('&., K.'&.# E-a-P B&8,/& )(, '&$*
+1".# ."%1%$"% '&. +86#$/ &$*'(,$.* () '&.*. '&,.. ".$%&6(,$"% /(#("$1#
.,1 /&8,/&.*< @1"%$"% ),(7 '(+$/* () +,./(#("$1# #1"2 &$*'(,$.*5 '( &$*4
'(,$.* () *#1?.,3 1"2 ."28,$"% 7.7(,$1# ,$'.* 1"2 +,1/'$/.*5 '&$* +1".#
/("'."2* :$'& '&. U8.*'$("5 VA&1' 2(.* $' 7.1" '( 6. 1" ."28,$"%
".$%&6(, 1/,(** *&1,.2 1"2 2$?.,%."' +,1/'$/.* () #1"2 (//8+1"/35 )1$'&
',12$'$(" 1"2 #.%1/$.* () *86-8%1'$(" 1"2 ),..2(7TW
F pn tmcr SgYs R gn ts
Opn b dr r h n m
0% H%I 3"%".J) BC&)$'C*@ +,-.$,D <@1 3&(" H%.""% +,-.$,D *(1
F'%,". ?"%,"@ M E 1 +,-.$,
M13 00 1' 04.52 &a)4 &a)S 5.52 &a
M.% P(#.35 @#&1 4"#$%&
34)5'/67 H*0#
;.#1 I$*&1 G(".*5 NNN(). @#((#/NNN$K O*(>)3%4 +#$0'
I#71"1/ D1"/. B$,/8* H&.1',.5 =.#K0.P #" F)*(Q' R.8( 3% (). !"*3%
H1"$1 !*11/5 '*%>($*"1
8
PDEKDB SH N MR
V
.#/(7. '( I##\ H&$* $* 1" .J+.,$7."' () 78#4
'$+#. /&(,.(%,1+&.,* 6.$"% $" ,.#1'$("*&$+ '(
*$'. &$*'(,3 1"2 +.(+#.< !' $* $"'."2.2 '( 6. 1 '((# )(, )8,'&.,
$"?.*'$%1'$("*5 /("?.,*1'$("*5 1"2 ,.*.1,/& [ $"$'$1##3 )(,
'&. /&(,.(%,1+&.,* 68' .J+1"2$"% '( '&.$, /(##16(,1'(,*5
'&. /("%,.%1'$("*5 1"2 (" *(7. )1, ."2 '&. ?$.:.,* () '&.
%'#!"#=') 8"#@; A-B/$%"+*/*"&7 )*:'#'&,'7 $&) /0' '&) #'4
*8#'* () 78#'$+#$/$'$.* () ,.*.1,/& 7.'&(2(#(%$.* &1* 6.."
73 2.*$,.2 ."2] 1"2 ! 2( 6.#$.?. $'0* :&1' 3(8 :$## :$'".**
(?., '&$* *.,$.* () +.,)(,71"/.*<
! ,./."'#3 ,.).,,.2 '( 73*.#) 1* '&. ,.#8/'1"' /8,14
'(,^ 7.1"$"%5 ! '&$"95 !02 ,1'&., 6. :(,9$"% (" 73 (:"
+,(/.** 1"2 $"?.*'$%1'$("* )(, 73 (:" /&(,.(%,1+&$/ :(,9
,1'&., '&1" 7$"2)8##3 /1,.'19$"% '&. +,(/.**5 $"?.*'$%1'$("*
1"2 /&(,.(%,1+&3 () ('&.,*< K8' $' &1* ',8#3 6.." 1 %,.1'
-(3 '( 2$*/(?., '&. ?1,$(8* /("/.,"*5 (6*.**$("* 1"2 :13
719$"%* () '&.*. /&(,.(%,1+&.,* :$##$"%#3 /(,,1##.2 $"'(
'&. .J+.,$7."'1# ."2.1?(, () !"#$%&' ()*( +)#$(,
F(:.?., 78/& ! 2( #(?. 7. *(7. /&1"/. 1"2 ,1"4
2(7".**5 '&. *.#./'$(" () '&. 1,'$*'* )(, '&.*. +.,)(,71"/.*
0$+ >''& C'#9 *&/'&/*"&$( $&) 0*50(9 +%',*4,; D*=%(9 %-/7 E
8$&/') /" +'' 80$/ /0'+' +%',*4, !"(@+ 8"-() ,"=' -% 8*/0;
H&.3 1//.+'.2 '&. +,(+(*1#* 6./18*. '&.3 :.,. $"'.,.*'4
.2 1"2 :1"'.2 '( +1,'$/$+1'. X3(8 :$## &1?. '( 1*9 .1/& ()
/0'= $>"-/ /0'*# +%',*4,+F; G'#+"&$((97 /$@*&5 /0*+ 'B,-#+*"&
:$'& .1/& () '&.7 &1* 6.." $"*+$,1'$("1#< ! ',8#3 &(+. 3(8
:$## 6. $"*+$,.25 '((<
@.%%$. A$#*("
O$"*(#"
0.
!"#$%&' ;)*( +)#$(,
-*%& #()."' /.".01 ')*23%45
E
(8"2.2 $" 07175 E1,'".,* )(, =1/,.2 E#1/.* $* 2.2$/1'.2 '( '&.
*(8"2 *'.:1,2*&$+ 1"2 1/'$?. /(778"$'3 8*. () '&. "1'$("0*
(#2., &$*'(,$/ ,.#$%$(8* +,(+.,'$.*< =$"/. 42005 ! &1?. 2$,./'.2 E1,'".,*0
M19$"% F(7.* )(, '&. I,'* $" =1/,.2 E#1/.* +,(%,17 XEeN&Y5 :&$/&
6,$"%* '(%.'&., 1,'$*'* 1"2 1,'* (,%1"$Z1'$("* :&( 1,. #((9$"% )(, *+1/.
1"2 71'/&.* '&.7 :$'& *1/,.2 +#1/.* :&( &1?. *+1/. '( *&1,. 1"2 1,.
:$##$"% '( *&1,. $' :$'& 1,'$*'*< L8, EeN& :(,9 $" E&$#12.#+&$1 )(,.?.,
/&1"%.2 &(: :. ."%1%. 1"2 $"'.,1/' "1'$("1##3 :$'& 1## /(778"$'$.*
*8,,(8"2$"% *1/,.2 +#1/.*< I,'$*'* :(,9$"% (8' () /&8,/& 61*.7."'* 1"2
6.$"% $"/861'.2 63 )1$'& 61*.2 (,%1"$Z1'$("* $* "(' 1 ".: /("/.+'5 68'
+8,+(*.#3 6,$"%$"% '&.7 '(%.'&., $" 1 :13 '&1' 1#$%"* (". 1"('&.,0* 7$*4
+*"&+ 8$+ )#$+/*,$((9 )*:'#'&/;
L?., '&.*. +1*' 1 3.1,*5 ! &1?. ."%1%.2 1,'$*'* 1"2 /(778"$'$.* ()
)1$'& '&,(8%& /("?.,*1'$("*5 21'1 /(##./'$("5 *(/$1#*5 ".%('$1'$("*5 1"2
7.1# *&1,$"%< H&.,. $* ?.,3 #$''#. $" '&.*. ':( :(,#2* '&1' :(8#2 *8,+,$*.
7. $" '.,7* () '&.$, /("/.,"* (, :&1' 6,$"%* '&.7 -(3< =( 78/& () :&1'
'&$* +,(%,17 $* 1"2 &(: $' )8"/'$("* $* 16(8' #13$"% 1 *',("% )(8"21'$("
)(, '&.*. +1,'".,*&$+* 1"2 78/& #$9. 1"3 68$#2$"%0* )(8"21'$("5 $' )12.*
$"'( '&. 61/9%,(8"2 1* '&. 1,'*R*1/,.2 +#1/. +1,'".,*&$+* '19. (" 1 #$).
1## '&.$, (:"< H&$* $* :&.,. !"#$%&' ()*( +)#$(, -*%& #()."' /.".01 ')*23%45
/(7.* $"'( +#13<
M..'$"% @.%%$. A$#*(" 1"2 '&. E&$#12.#+&$1 B("'.7+(,1,3 '.17
*+1,9.2 1 ".: :13 () '&$"9$"% 16(8' '&.*. *1/,.2 +#1/.*5 '&.$, &$*'(,35
:&1' :. &1?. '( #.1," ),(7 $'5 1"2 &(: 1,'$*'* 1,. '&. +.,)./' /("28$' )(,
/0$/ #'.',/*"& $&) *&/'#%#'/$/*"&; <0#"-50 !"#$%&' ()*( +)#$(,5 E1,'".,*0
7$**$(" $* &$%&#$%&'.2 $" 1 :13 ".?., 6.)(,. 1"'$/$+1'.2< A. 1,. 16#. '(
#$)' 8+ '&.*. *1/,.2 +#1/.*5 '&. ?1,$(8* ,(#.* '&.3 &1?. +#13.2 :$'&$" '&.$,
,"==-&*/*'+7 /0'*# >'$-/97 /0'*# +%',*4,*/9 "! $#,0*/',/-#'7 /0'*# 0*+/"#*'+7
1"2 6,(12/1*' $' '&,(8%& 7(?.7."'5 6('& () '&. 21"/.,* '&.7*.#?.*5 1"2
"-# $-)*'&,'; ? ,$#''# *& /0' $#/+ $&) &"&%#"4/ =*++*"& !-(4((='&/ 0$+
#.2 7. '( ,.$"?."' 73 :(,9 /(8"'#.** '$7.* 61*.2 (" &(: $' $* /("*87.2
1"2 '&. $7+1/' $' &1* (" *(/$.'3< H&. +,.?$(8* $'.,1'$(" :.1?$"% $"'( '&.
".: $'.,1'$(" [ 1#:13* :$'& *#$%&' ':.19* 1"2 .2$'* 1"2 /8,?.*< !"#$%&'
00
!"#"$%&'()
!"#"$%&'()
()*( +)#$(, 0$+ >("8& /0' /"% ": "! =9 %#'C*"-+ 8"#@ L"# %'#0$%+ /0*+ *+
*(7.'&$"% ! &1?. 6.." :(,9$"% '(:1,2* '&$* :&(#. '$7.Y< A. :$## *..
:&1' ! /1" 719. ),(7 '&$* ".: /#13 !"#$%&' ()*( +)#$(, &1* #.)' 6.&$"2<
! :1"' '( '&1"9 H&. E.: B."'., )(, I,'* O F.,$'1%. )(, )8"2$"% '&$*
8"#@ $&) %#"C*)*&5 $(( "! -+ 8*/0 /0' #'+"-#,'+ /" %-#+-' $&) #'.',/7 $&)
/0' G$#/&'#+ !"# D$,#') G($,'+ +/$: $&) M"$#) "! N*#',/"#+ !"# 5*C*&5
7. /,.1'$?. ),..2(7 :$'& EeN& '( '19. $' $" 2$,./'$("* '&.3 +.,&1+* ".?.,
$&/*,*%$/'); E /0*&@ /0*+ C'#+*"& "! =*++*"& !-(4((='&/ *+ +"='/0*&5 9"".?., .J+./'.2 68' &(+. 3(8 1,. 171Z.2 1' $'* ,.1#$Z1'$("<
*$7+#. $" '&.(,3 [ '19. '&. +#1')(,7 @.%%$. /8,1'.2 1' D1"*+1/.5 1"2
7(?. $' '( E&$#12.#+&$15 71$"'1$"$"% '&. /8,1'(,$1# )(/8* (" ,.#1'$("*
6.':.." 21"/.5 7(?.7."'5 ,.#$%$("5 6(2$.*5 1"2 ,1/.5 :&$#. 12-8*'$"% '&.
+#1')(,7 )(, '&. 8"$U8. ,.#$%$(8* *+1/.* 1"2 #(/1# +.,)(,7.,* $" E&$#12.#4
+&$1< A&." :. 6,(8%&' '&$* $2.1 '( H&. E.: B."'., )(, I,'* O F.,$'1%.5
/0'9 )*#',/') -+ /" G$#/&'#+ !"# D$,#') G($,'+7 $&) +%',*4,$((9 /" H$#'&
D$;(**$5 :&(*. 2.+'& () 9"(:#.2%. (" 6('& +.,)(,7$"% 1,'* 1"2 ,.#14
'$("* 6.':.." 1,'$*'* 1"2 /&8,/&.* +,(?.2 $77."*.#3 ."#$%&'."$"%<
K.':.." '&.*. (,%1"$Z1'$("*5 :$'& @.%%$. A$#*(" *.,?$"% 1* /8,14
'(,5 :. *#(:#3 :(,9.2 '( ,.*(#?. '&. ),8$')8# U8.*'$("* ,1$*.2 63 7(?$"%
1 +#1')(,7 ),(7 (". /$'3 :$'& 2..+ &$*'(,$/1# ,(('* '( 1"('&., :$'& 1
)*:'#'&/7 >-/ 'I-$((9 #*,0 0*+/"#9; ?+ ,"&C'#+$/*"&+ "& /0' %#"1',/ %#"4
%,.**.25 ! 7.' :$'& D.6(,1& E< H&(71*5 '&. D$,./'(, () '&. B."'.,
)(, >J+.,$7."'1# >'&"(%,1+&3 1' '&. _"$?.,*$'3 () E.""*3#?1"$15 1"2
'(%.'&., :$'& '&. ,.*' () '&. '.17 :. 2$*/8**.2 &(: '&.*. U8.*'$("* 1"2
?1#8.* 7$%&' 1#*( .J'."2 '( '&. +,(%,17`* 2(/87."'1'$(" 1* :.##< H&.
*',8/'8,. 1"2 $2.1* 1' '&. &.1,' () !"#$%&' ()*( +)#$(, &1?. 6.." '.*'.2
$&) ,($#*4') /0#"-50 'C'#9 +/$5' "! %#")-,/*"&7 !#"= ,"&,'%/*"& /" *=4
%('='&/$/*"&7 /0#"-50 /0' ':"#/+ "! !"-# "#5$&*J$/*"&+7 '$,0 "! 80*,0
6,(8%&' '&.$, (:" *9$##* 1"2 +.,*+./'$?.* '( '&. '16#.< A$'&$" '&$* /1,.4
)8##3 )(,78#1'.2 *',8/'8,.5 '&. +.,)(,7.,* &1?. 6.." 16#. '( .J+.,$7."'
1"2 /,.1'. $"/,.2$6#.5 7(?$"% :(,9* () 1,'<
!"#$%&' ()*( +)#$(, ."/1+*8#1'.* '&. ?1#8. 1"2 +('."'$1# () +1,'".,4
+0*%7 $&) *+ $ )''%(9 !'(/ #'.',/*"& "! "-# =*++*"&; K' $#' )'(*50/') /"
*&1,. '&. ,.*8#'* () '&$* 78#'$43.1, /(##16(,1'$(" :$'& 3(8 1##<
C1,." D$;(**$
E3".>(#" #8 ?"(' 3% +*>".& =0*>.'B
=*"(%."' 8#" +*>".& =0*>.'
R
$"/. ! )(8"2.2 E&$#12.#+&$1 B("'.7+(,1,3 $" 42035 +1,'".,*&$+*
1"2 /(##16(,1'$("* &1?. 6.." 1' '&. /(,. () .1/& () (8, +,(4
%,17*< L". () '&. %8$2$"% +,$"/$+#.* () E&$#12.#+&$1 B("'.7+(,1,3 $*
'&1' 63 /(76$"$"% (8, .".,%3 1"2 /,.1'$?. )(/8* :$'& '&. :.1#'& () /8#4
'8,1# (,%1"$Z1'$("* 1"2 &$*'(,$/ *$'.* $" E&$#12.#+&$1 1"2 6.3("25 :. /1"
/(##./'$?.#3 +,.*."' :(,9* () ?$*81# 1,'5 21"/.5 +(.',35 1"2 78*$/ '&1' 1,.
7(,. 23"17$/ 1"2 *8,+,$*$"% '&1" 1"3 () 8* /(8#2 &1?. +,(28/.2 (" (8,
(:"< H&. /(##16(,1'$(" 6.&$"2 !"#$%&' ()*( +)#$(, &1* +,(?." '( 6. (".
() '&. 7(*' 176$'$(8* :. &1?. 8"2.,'19."5 ,.+,.*."'$"% '&. /(76$".2
.".,%$.* () E1,'".,* )(, =1/,.2 E#1/.*5 D1"*+1/. E,(-./'5 '&. B."'., )(,
>J+.,$7."'1# >'&"(%,1+&3 1' '&. _"$?.,*$'3 () E.""*3#?1"$15 1"2 E&$#4
12.#+&$1 B("'.7+(,1,3< ! /(8#2 "(' 6. 7(,. %,1'.)8# '( (8, +1,'".,* )(,
'&.$, :(,9 (" '&.*. .J',1(,2$"1,3 +.,)(,71"/.*5 1"2 '( 3(8 )(, /(7$"%
'( :$'".** '&.7<
H&$* +,(%,17 6.%1" 1* 1 /("?.,*1'$(" 6.':.." 73*.#)5 G823 F8*4
+*'O<$9("# $/ N$&+%$,' G#"1',/7 $&) D$= P*(('#7 80" 4#+/ +-55'+/') /0$/
D1"*+1/. 1"2 E&$#12.#+&$1 B("'.7+(,1,3 :(,9 '(%.'&.,5 1"2 '&1' @.%4
%$. :(8#2 6. '&. $2.1# 1,'$*' '( :(,9 :$'&< H&. (,$%$"1# 176$'$(" :1*
01
F1,,3 E&$#6,$/9
S#$%&3%4 E3".>(#" < OJT
=)30*&.0K)3* O#%(./K#"*"1
02
!"#"$%&'()
MDSVN PJR N E PDK>SH N MR
>B PN R R SH LD ! OK>B D
K3 G823 F8**$.4H13#(,<
JC.>$(3A. E3".>(#" < O)3.8 O$"*(#"
E*%'K*>. ="#U.>(B 6.7 V#"2
F
"#$%&' ;)*( +)#$(, -*%& #()."' /.".01 ')*23%45 $* 1 +.,)(,71"/. *.4
,$.* /8,1'.2 63 /&(,.(%,1+&., @.%%$. A$#*(" 1"2 $* 1 ,.#1'$?. '(
E*%>3%4 =0*(8#"/ ="*13%4 !"#$%&'D :0*>2%.''B O)$">).'B *%& E#7%(#7% E*%>.5 1
78#'$4:..9 E#1')(,7 1#*( /8,1'.2 63 A$#*("< H&.*. ':( /8,1'(,$1# +,(-4
./'* 1,. #.** #$9. *$6#$"%* 1"2 7(,. #$9. /(8*$"*< H&.3 '19. 1* '&.$, +($"'
() 2.+1,'8,. A$#*("0* /&(,.(%,1+&$/ +,(/.**.*5 :&1' &. /1##* 9$".*'&.'$/
$&/0#"%"("597 $&) $#' *&!"#=') >9 0*+ /8'&/9O4C' 9'$#+ "! #'+'$#,0 *&/"
I),$/1" 2$1*+(,$/ 21"/.* 1"2 ,.#$%$("*< H&.3 .1/& 6.%1" :$'& $"42.+'&
*&I-*#*'+ *&/" +%',*4, %'"%(' $&) +%',*4, %($,'+;
!"#$%&' ;)*( +)#$( $* A$#*("0* ."/(8"'., :$'& )(8, () E&$#12.#+&$10*
&$*'(,$/ /&8,/&.* 1"2 ,.#$%$(8* /(778"$'$.* 6,(8%&' $"'( 1 /("?.,*1'$("
:$'& 1 2$?.,*. 1,,13 () 21"/.,* 1"2 /&(,.(%,1+&.,* :(,9$"% $" E&$#12.#4
+&$1< E*%>3%4 =0*(8#"/ ="*13%4 !"#$%&' :1* A$#*("0* ."/(8"'., :$'& (". ()
S.: b(,90* (#2.*' /&8,/&.* [ ='< M1,90* B&8,/& $"4'&.4K(:.,3 [ 1#*(
&(7. '( D1"*+1/. E,(-./'<
A&$#. 2.*$%"$"% D1"*+1/. E,(-./'0* *$%"1'8,. E#1')(,7 *.,$.* $"
42215 ! 9".: ! :1"'.2 '( :(,9 :$'& 1,'$*'* 1* /8,1'(,* '( 1/'$?1'. 1,'$*4
'$/ ,.*.1,/& 1"2 /&(,.(%,1+&$/ +,(/.**.* 1* 1 /8,1'(,$1# *',1'.%3< P,(7
/0' 4#+/ N$&+%$,' G($/!"#=7 ,-#$/') >9 Q$(%0 R'="&7 /0#"-50 /0'
#1*' E#1')(,75 /8,1'.2 63 A$#*("5 1,'$*'*5 :,$'.,*5 */&(#1,*5 1"2 /8,1'(,*
&1?. %.".,1'.2 1#'.,"1'$?. 7(2.* () +86#$/ ."%1%.7."' 1"2 /8#'$?1'.2
03
!"#"$%&'()
$"'.,2$*/$+#$"1,3 ".':(,9*<
A$#*("0* E#1')(,7 XP.6,81,3 41 a M1,/& 465 4201Y :1* D1"*+1/.0*
04'& E#1')(,7< P,(7 '&. .1,#$.*' /("?.,*1'$("*5 :. 2$*/8**.2 :13* :.
7$%&' .J'."2 (8, ".':(,9 () ,.#1'$("* 1/,(** '$7. 1"2 %.(%,1+&3< A$#4
+"& 0$) >''& 8"#@*&5 8*/0 G0*($)'(%0*$ $#/*+/+ $&) 8$&/') /" 4&) $
:13 '( .J+#(,. E&$#12.#+&$10* &$*'(,3 )8,'&.,< H&(*. .1,#3 /("?.,*1'$("*
$"/#82.2 F1,,3 E&$#6,$/95 2$,./'(, () E&$#12.#+&$1 B("'.7+(,1,35 1"2
'&. #1'. =17 M$##.,5 :&( &12 :(,9.2 :$'& A$#*(" (" 1 +$./. 1' ='< B(,4
".#$8*0 B&1+.# (" Q(?.,"(,* !*#1"25 YW< A. 6.%1" '1#9$"% 16(8' 1 ".:
9$"2 () +1,'".,*&$+ 1"2 &(: E&$#12.#+&$10* 1++,(1/& 7$%&' 6. /(""./'4
.2 $" *+$,$' 68' /(7+#.'.#3 18'("(7(8*< A&1' :1* /#.1, :1* '&1' A$#*("
:(8#2 6. /8,1'(, )(, 6('& +,(-./'*< !" '&. ."25 1 8"$U8. +1,'".,*&$+ :1*
)(,%.2 6.':.." E&$#12.#+&$10* E1,'".,* )(, =1/,.2 E#1/.*5 E&$#12.#+&$1
B("'.7+(,1,35 1"2 D1"*+1/. E,(-./'<
K('& '&. E&$#12.#+&$1 +,(-./' 1"2 S.: b(,9 E#1')(,7 &1?. 1*9.2
+($"'.2 U8.*'$("* 16(8' ,.#$%$("5 ,1/.5 1"2 7(?.7."' +,1/'$/.* .71"1'4
$"% ),(7 I),$/1"4I7.,$/1" ',12$'$("*< F(:.?.,5 .1/& +,(-./' .?(#?.2 1*
$ #'.',/*"& "! /0' %$#/*,-($#*/9 $&) *)*"+9&,#$/*, I-$(*/*'+ "! "-# #'+%',4
'$?. /(778"$'$.*<
A&1' E&$#12.#+&$10* !"#$%&' ;)*( +)#$(, 1"2 S.: b(,90* E*%>3%4 =0*(M
8#"/ ="*13%4 !"#$%&' *&1,. $* 1 :13 () .J+#(,$"%5 ,.*.1,/&$"%5 1"2 /(##16(4
,1'$"% %8$2.2 63 A$#*("0* /8,1'(,$1# 1"2 /&(,.(%,1+&$/ 7$"2< P(##(:$"%
A$#*("0* #.125 :. /("-8,. 1"/.*',1# %&(*'* :&$#. )(,%$"% ".:5 "./.**1,3
9$"*&$+* '( 7(?. 8* )(,:1,2<
04
!"#"$%&'()
V
&1' 2(.* $' 7.1" '( 6.1, :$'".** '( 1 +,(/.**T H( 2(/87."'
"(' ("#3 '&. 2.?.#(+7."' () 7(?.7."'5 '&. ,.#1'$("*&$+*
6.':.." +.,)(,7.,* 1"2 *+1/.5 '&. /$'3 1"2 $'* 2."$Z."*T F(: 2(.*
="C'='&/ $(("8 -+ /" #',"&45-#' "-# -&)'#+/$&)*&5+ "! /*='7 "! +%*#*/7
1"2 () '&. /(""./'$("* 6.':.." 8* 1##T H&.*. 1,. *(7. () '&. U8.*'$("*
*&1+$"% (8, ,.#1'$("*&$+ '( !"#$%&' ()*( +)#$(, -*%& #()."' /.".01 ')*23%45<
H&. B."'., )(, >J+.,$7."'1# >'&"(%,1+&3 X/.%(."8#".CK."3/.%(*0.()%#4"*M
K)1N#"4Y $* 1 *+1/. '&1' *..9* '( /,.1'. $"'.,?."'$("* ,.%1,2$"% '&. )(,7*
() */&(#1,#3 +,(28/'$(" '&1' 1,. /("*$2.,.2 #.%$'$71'.5 /,.1'$"% *+1/. )(,
.J',14'.J'81# %.",.* () ,.*.1,/& +,1/'$/. 1"2 2$**.7$"1'$("< A. 6.#$.?.
'&1' 78#'$47(21# ,.*.1,/& +,1/'$/.* ',1"*)(,7 &(: :. /("28/' ,.*.1,/&5
&(: :. %.".,1'. 1"2 2$**.7$"1'. 9"(:#.2%.5 &(: :. ',1$" *'82."'*5 1"2
&(: :. ,.71$" 1//(8"'16#. '( '&. /(778"$'$.* $" :&$/& :. $"'.,1/' 1"2
'&,(8%& :&$/& (8, ,.*.1,/& /$,/8#1'.*< A. +,(7('. .'&$/1#5 ."%1%.25 1"2
.J+.,$7."'1# ,.*.1,/&5 :. ."%1%. :$'& 1,'* 1"2 /(778"$'3461*.2 $"*'$4
'8'$("* '&,(8%&(8' E&$#12.#+&$15 1"2 :. )(,%. /(""./'$("* :$'& ('&.,
#$9.47$"2.2 $"*'$'8'$("* :(,#2:$2.<
A. 1,. '&,$##.2 '( :(,9 :$'& E1,'".,* )(, =1/,.2 E#1/.*5 E&$#12.#+&$1
B("'.7+(,1,35 1"2 @.%%$. A$#*("0* P$*' 1"2 F..# E.,)(,71"/. Q,(8+
"& /0*+ %#"1',/7 >#*&5*&5 /0' 4(==$@*&5 +@*((+ "! "-# 5#$)-$/' $&) -&4
2.,%,1281'. *'82."'* $"'( '&. 7(?$"% /$'3*/1+. () E&$#12.#+&$1< D(/84
='&/*&5 $ %'#!"#=$&,' %#$,/*,' $//'=%/+ /" ,$%/-#' +"=' "! /0' $:',4
'$?. ,.*("1"/. () :&1' $*5 .**."'$1##35 1" .+&.7.,1# .J+.,$."/.5 (". '&1'
/$,/8#1'.* 6.':.." 1"2 17("% +.,)(,7.,* 1"2 182$."/. $" '&. $"*'1"/.
() $'* ."1/'7."'< A. &(+. '( 6,$"% '&.*. 23"17$/* '( #$).5 1"2 '( +,(?$2.
1 7.1"* '&,(8%& :&$/& ('&.,* /1" )..# '&. 71%$/ () '&. %,(8"2* 1* '&.3
*&(8'5 1"2 1* '&.3 *&19.<
D.6(,1& E< H&(71*
E3".>(#"B O.%(." 8#" JCK."3/.%(*0 J()%#4"*K)1
W%3A."'3(1 #8 =.%%'10A*%3*
05
06
!"#"$%&'()
>AN UD) ADKN V) ADSVH WS9
6.*G*%-.:&") K 7*L) '/ M('5&(: &(
!"#$%&' ()*+ ,)#$+- .*%& #+)/"' 0/"/12 ')*34%56
:1 ?"3.00. X$03* :"#7%
="#U.>( E"*/*($"4.
!"#"$%&'()
*(7. () '&. +,(/.**$(" 1,'$*'*< !" *(7. /1*.*5 '&. 1,'$*'* ."%1%.2 '&.*.
&$*'(,$.* 1"2 %.(%,1+&$.* 1* &$*'(,$/1# 1,/&$'./'8,. 1,(8"2 :&$/& '&.
21"/. :1* 68$#'< !" ('&., /1*.*5 '&.*. &$*'(,$.* :.,. ,.%1,2.2 1* 1'7(4
*+&.,. ."/$,/#$"% '&. :(,9< !" 3(8, :$'".**$"%5 :. 1#*( $"?$'. 3(8 '( 78##
(?., *$'. 1"2 &$*'(,3 1* $")(,71"' .#.7."'* $" '&$* :(,9<
7,')" @*(1 *." L'- '(9 N E"((&OE"(*C" E*(1
!" 1/9"(:#.2%7."' () '&. (,$%$"1# *'.:1,2* () '&. #1"2 (" :&$/& :.
1,. %1'&.,.25 '&$* $* 1 *&(,' &$*'(,3 () '&. ;.""$4;."1+. +.(+#. $" '&$*
,.%$("< A. 9"(: '&1' '&. 1"/.*'(,* () '&. ;.""$ ;."1+. 6.%1" #$?$"% $"
'&. #1"2 :. /1## '&. D.#1:1,. @$?., N1##.3 *(7. 02)222 y04)222 3.1,*
1%(< I' '&. '$7. () '&. 1,,$?1# () '&. =:.2.* $" '&. .1,#3 0p'& /."'8,35 04
F
"#$%&' ;)*( +)#$(, -*%& #()."' /.".01 ')*23%45 1//(,2$"% '( B8,1'(,
@.%%$. A$#*(" $* V1" .J+.,$7."' () 78#'$+#. /&(,.(%,1+&.,*
6.$"% $" ,.#1'$("*&$+ '( *$'.5 &$*'(,35 1"2 +.(+#.<W A&." ! /("*$2., '&$*
1,'$/8#1'$(" () '&$* :(,95 ! /1"0' &.#+ 68' /("*$2., V*$'.5W V&$*'(,35W 1"2
V+.(+#.W 1* .#.7."'* () 1 */(,.5 /&1,1/'.,* $" 1 +#135 (, +.,&1+* 7(("*
() 1 *$"%#. +#1".' :$'& '&.$, (:" %,1?$'1'$("1# +8##< H&$* +,(-./' ."2.1?4
(,* '( %1'&., 1## '&,.. () '&.*. 6(2$.* $" $"'."'$("1# /("?.,*1'$("< F.,.5
'&$* *.,$.* () $"'."'$("1# /("?.,*1'$("* $* :&1' '&. 1,'$*'* &1?. .1/& /,1)'4
.2 1* '&. 21"/.< !" *.,?$/. () '&.*. 21"/.*5 ! &1?. :(,9.2 1* '&. +,(-./'
2,171'8,%.< H,12$'$("1##35 2,171'8,%3 ."%1%.* 71"3 +,1/'$/.* 1"2 2$*4
/$+#$".*5 $"/#82$"% +86#$/ &$*'(,35 /(778"$'3 ."%1%.7."'5 &$*'(,$/ $"4
'.,+,.'1'$("5 +.,)(,71"/. /,$'$/$*75 +86#$/ /("?.,*1'$(" )1/$#$'1'$("5 1"2
7(,.< !" '&$* +,(/.**5 2,171'8,%3 &1* #((9.2 #$9. /("*$2.,$"% 1"2 *&1,4
$"% '&. :13* '&1' 9"(:#.2%. $* +,(28/.2 1/,(** *$'.5 &$*'(,35 1"2 +.,*("*
X$"/#82$"% .1/& /&8,/&5 '&. #1"2 '( :&$/& '&. /&8,/&.* 1,. +,(J$71'.5
'&. 1,'$*'*5 1"2 '&. /&8,/&.*0 ,.#1'$?. /(778"$'$.*5 #$?$"% 1"2 2.12Y< P(,
7(?.7."' 1,'$*'*5 21"/. 1"2 ('&., 7(?.7."' +,1/'$/.* 1,. 1#*( :13*
() 9"(:$"% $" 1"2 () '&.7*.#?.*< H( /."'., '&. 7(?.7."' 1* 1 :13 ()
9"(:$"% 1#("%*$2. ('&., &$*'(,3 1"2 #1"2 '(+(%,1+&$.*5 :. *'82$.2 1"2
,.?$.:.2 1 *8,?.3 () #(/1# #1"2 &$*'(,$.* 1"2 *(/$1# &$*'(,$.*< H&$* *8,?.3
() &$*'(,$.* /(1#.*/.2 $"'( 1 2(**$., '&1' *.,?.2 1* 1 +($"' () ."',3 )(,
07
O#0#%3*0 =)30*&.0K)3*N E.(*30 #8 +>$00 < Y.*K H*K #8 =)30*&.0K)3*B Z[\]
08
!"#"$%&'()
!"#"$%&'()
61"2* () '&. ;.""$ ;."1+. #$?.2 $" ?1,$(8* +1,'* () '&. #1"2 "(: 9"(:"
1* =(8'& E&$#12.#+&$1< A$/91:1/($"% $* '&. ;.""$4;."1+. "17. )(,
'&. #1"2 /8,,."'#3 9"(:" 1* =(/$.'3 F$## 1"2 c8.." N$##1%.<0 I#'&(8%&
71"3 ;.""$4;."1+. +.(+#. :.,. +8*&.2 '(:1,2 :.*'.," E.""*3#?1"$1
$" '&. .1,#3 01'& /."'8,35 :. 1#*( &("(, '&1' $" *+$'. () %."(/$2.5 :1,5 1"2
/(#("$Z1'$("5 '&. ;.""$ ;."1+. 1,. ?.,3 78/& *'$## &.,.<
L#2 E$". =',..' B&8,/& &1* ,8" $'* =1'8,213 )(, =."$(,* E,(%,175 :&$/&
":'#+ !#'' 0"/ ='$(+ !"# +'&*"#+ *& /0' ,"==-&*/9;9 L#2 E$". =',..' 6(1*'*
1 /$?$/1##3 ."%1%.2 /("%,.%1'$(" '( '&$* 213<
GdYudmr Yan ud) Yr gdr adkn v)
r Ymb stYpw h m sgd ldYmvgh kd9
H,'.% +,-.$, 4&)%'.&")
H%I 3"%".J) BC&)$'C*@ +,-.$,
='< E.'.,0* >+$*/(+1# B&8,/& :1* )(8"2.2 1* 1" I"%#$/1" /&8,/& $"
0p30< I* 1" I"%#$/1" /&8,/& () '&. B&8,/& () >"%#1"25 $' 2,.: 71"3
+,(7$"."' 7.,/&1"' 1"2 68,.18/,1'$/ #.12.,* $" $'* .1,#3 3.1,*< H&$* $"4
/#82.2 *(7. () E&$#12.#+&$10* 7(*' +,(7$"."' *#1?. ',12.,* 1"2 (:".,*<4
I)'., '&. @.?(#8'$("1,3 A1,5 '&. )(8"2$"% ,./'(, () ='< E.'.,0*5 A$##$17
A&$'.5 )(8"2.2 '&. >+$*/(+1# B&8,/&5 1 '&." ".: 2."(7$"1'$(" '&1'
)(,71#$Z.2 1 6,.19 ),(7 '&. I"%#$/1" /&8,/& $" 0p16<5 H(213 ='< E.4
'.,0* B&8,/&5 1#("%*$2. 78/& () '&. >+$*/(+1# 2."(7$"1'$(" 1' #1,%.5 $*
*& #'.',/*"& $>"-/ */+ ,"=%(*,*/9 *& /0' *&+/*/-/*"& "! +($C'#9; D/; G'/'#2+
B&8,/& &1* :(,9.2 '( ,.2,.** '&$* &$*'(,3 .J+#$/$'#3 '&,(8%& $'* >"2 @1/4
$*7 /17+1$%" 1"2 ('&., /(778"$'3 1"2 +86#$/ +,(%,17*< I* 1 *1"/'84
1,3 )(, &8"2,.2* () /(778"$'3 7.76.,*5 ='< E.'.,0* B&8,/& :(,9* '(
.J'."2 :.#/(7. 1"2 &(*+$'1#$'3 6.3("2 '&. :1##* () '&. /&8,/&<
<@1 3&(" H%.""% +,-.$,
L#2 E$". =',..' B&8,/& X(,$%$"1##3 /1##.2 '&. H&$,2 =/('* 1"2 M1,$".,*
E,.*63'.,$1" B&8,/&Y :1* '&. '&$,2 E,.*63'.,$1" /&8,/& $" E&$#12.#+&$1
1"2 :1* 68$#' $" 0p31 +1,'#3 $" ,.*+("*. '( 1 68,%.("$"% =/('*4!,$*& $74
7$%,1"' +(+8#1'$("<6 L#2 E$". =',..' B&8,/& $* "(: '&. (#2.*' *8,?$?$"%
E,.*63'.,$1" /&8,/& $" '&. /$'3 () E&$#12.#+&$1< A$'&*'1"2$"% '&. *&$)'*
() /(778"$'$.* 1/,(** '&. /."'8,$.*5 L#2 E$". +,(?.2 '( 6. 121+'$?. 1"2
,.*+("*$?. '( '&. "..2* () $'* 12-1/."' /(778"$'$.*< P(, (?., 62 3.1,*
1.
F'%,". ?"%,"@ M E 1 +,-.$,
M('&., K.'&.# E-a-P B&8,/&0* .J$*'."/. :1* +,./$+$'1'.2 63 '&. )(8"214
'$(" () '&. P,.. I),$/1" =(/$.'35 1 *(/$.'3 () ),.. K#1/9 7." /(4#.12 63
@$/&1,2 I##." 1"2 I6*1#(7 G(".*5 $" 0p1p< H&$* "("42."(7$"1'$("1#
*(/$.'3 () 78'81# 1$2 .*'16#$*&.2 '&. ?1#8.* () /(778"$'3 .7+(:.,7."'
)(, K#1/9 +.,*("* $" E&$#12.#+&$1< !" '&. .1,#3 0p72*5 @$/&1,2 I##." 1"2
I6*1#(7 G(".* #.2 K#1/9 /&8,/& %(.,* $" 1 :1#9(8' () ='< Q.(,%.0* >+$*4
/(+1# B&8,/& $" ,.*+("*. '( $'* 2$*/,$7$"1'(,3 +,1/'$/.*< =86*.U8."'4
#35 @$/&1,2 I##." )(8"2.2 M('&., K.'&.# I),$/1" >+$*/(+1# M.'&(2$*'
B&8,/&<3 H&$* /&8,/& $* '&. )(8"2$"% /&8,/& () '&. "(: $"'.,"1'$("1#
E-a-P 2."(7$"1'$("< I* (". () '&. (#2.*' K#1/9 /&8,/&.* $" I7.,$/15
$' .J$*'* (" '&. #("%.*' /("'$"8(8*#3 K#1/94(:".2 +1,/.# () #1"2 $" '&.
/(8"',3< H&$* /&8,/& 6(1*'* :.## (?., ':( /."'8,$.* () /(77$'7."' '(
K#1/9 *.#)42.'.,7$"1'$(" 1"2 ),..2(7< H(213 M('&., K.'&.# *'$## &1* 1
,(68*' /("%,.%1'$(" :$'& 7$"2)8# 1"2 /(77$''.2 /(778"$'3 +,(%,17*<
+,-.$, '/ %," 012'$*%"
Q.(,%. B< =(8'& M.7(,$1# B&8,/& () '&. I2?(/1'. :1* )(8"2.2 $"
0172 1* 1" >+$*/(+1# /&8,/&< H&. /&8,/& $* 6.*' 9"(:" )(, $'* /(7784
"$'3 +,(%,17*5 .*+./$1##3 '&(*. /,.1'.2 $" '&. #.%1/3 () '&. #.12.,*&$+ ()
7$2442'& /."'8,3 ,./'(, E18# A1*&$"%'(" 1"2 &$* :(,9 $" '&. K#1/9 E(:4
., 7(?.7."'<p S"&,-##'&/(97 S0-#,0 "! /0' ?)C",$/' >',$=' /0' 4#+/
>+$*/(+1# /&8,/& '( (,21$" :(7." +,$.*'* $" 07p6< H(2135 B&8,/& ()
'&. I2?(/1'. &(*'* 1 73,$12 () 1,'$*' 1"2 1/'$?$*' .?."'* 1"2 +,(%,17*<
H&. /&8,/& /("'$"8.* '( ,.#."'#.**#3 *.,?. '&. 12-1/."' /(778"$'3 1"2
1/' 1* 1 #.12., $" #(/1# -8*'$/. $"$'$1'$?.*<
4'5 1&1 5" :"% ,"."9 N !"G"G=".&(: E'G=*.1 H%.""%PQ*G*&$*
6*L !&'%) *(1 R*%&2&)% !&'%)
!" 01645 $" /.#.6,1'$(" () '&. 1'& 1""$?.,*1,3 () '&. 16(#$'$(" () *#1?.,3
10
!"#"$%&'()
!"#"$%&'()
$" '&. K,$'$*& A.*' !"2$.*5 1 0)222 +.,*(" 71,/& () '&. K#1/9 b(8"%
M."0* N$%$#1"' I**(/$1'$(" :1#9.2 2(:" ;(761,2 =',..'< H&$* 71,/&
:1* 7.' 63 1" !,$*&4B1'&(#$/ 7(6 ".1, M('&., K.'&.# E-a-P B&8,/&<
<0*+ (') /" $ /0#''O)$9 #*"/ 80'#' +*5&*4,$&/ M($,@O"8&') %#"%'#/*'+7 *&4
/#82$"% =./("2 I),$/1" E,.*63'.,$1" B&8,/&5 :.,. 68,".2 2(:"<1 H&$*
,$(' :1* )8.#.2 63 1 %,(:'& $" '&. !,$*&4B1'&(#$/ +(+8#1'$(" 1#("%*$2.
%,(:'& $" K#1/9 1"2 I),$/1" +(+8#1'$("* X),.. 1"2 )8%$'$?.Y $" E&$#12.#4
+&$1< !,$*&4B1'&(#$/ $77$%,1"'* 6.#$.?.2 '&.7*.#?.* '( 6. $" /("'.*' :$'&
K#1/9 ,.*$2."'* )(, *(/$1# *'1'8*5 .7+#(37."'5 1"2 +(:.,<
H&. !,$*&4B1'&(#$/ *."'$7."'* $" '&. ;(761,2 =',..'RG171$/1 D13
@$('* 1,. 1#*( $" /("?.,*1'$(" :$'& '&. /("'.J' '&1' #.2 '( '&. S1'$?4
$*'RI"'$4B1'&(#$/ @$('* -8*' ':( 3.1,* #1'.,5 $" 0166< D8,$"% '&$* +.,$(2
E#*+0OS$/0"(*, %"%-($/*"&+ *& G0*($)'(%0*$ 5#'8 +*5&*4,$&/(9T *& 42 3.1,*5
6.':.." 0152 1"2 01925 '&. B1'&(#$/ +(+8#1'$(" ,(*. ),(7 59)222 '(
0p2)2225 1"2 '&. "876., () B1'&(#$/ /&8,/&.* ),(7 44 '( 74< B("4
/8,,."'#35 I"'$4B1'&(#$/ *."'$7."' %,.: 17("% E,('.*'1"' "1'$?$*'*<7 !"
0165 ,87(,* *+,.12 '&1' !,$*&4B1'&(#$/ $77$%,1"'* :.,. 1''.7+'$"% '(
,.+#1/. 1## 6$6#.* $" */&((#* :$'& '&. D(81$ K$6#.5 .76(#2."$"% 1 "1'$?$*'
7(?.7."' 17("%*' ('&., #(/1# :&$'. %,(8+*< H&.*. "1'$?$*'* #.2 1 *.,$.*
() ,$('* '&,(8%&(8' '&. /$'35 $"/#82$"% $" '&. ".$%&6(,&((2* () C."*$"%4
'(" 1"2 =(8'&:1,9<
H&$* *.,$.* () ,$('* $" '&. 7$2407'& /."'8,3 $* 1#*( $" /("?.,*1'$(" :$'&
(8, /("'.7+(,1,3 7(7."'< @./."' K#1/9 /&8,/& 68,"$"%* 1#("%*$2.
/("'.7+(,1,3 1"'$4$77$%,1"' *."'$7."'* 6,$"% '&.*. &$*'(,$/1# 7(7."'*
$" /#(*. +,(J$7$'3 '( (8, +,.*."'4213 ,.1#$'$.*< I "876., () '&. 1,'$*'*
+.,)(,7$"% $" !"#$%&' ;)*( +)#$(, -*%& #()."' /.".01 ')*23%45 1,. :.1?$"%
'&.*. /("'.7+(,1,3 ,.*("1"/.* $"'( '&.$, :(,9<
$#/*+/+ $#' 4&)*&5 /0'*# %($,'7 /0*&@*&5 /0#"-507 >'!"#' $&) >'9"&) /0'
21"/.5 :. 1#*( $"?$'. 3(8 '( #(/1'. 3(8,*.#) 17("%*' '&. .#.7."'* () '&$*
*/(,.<
0( ;(2&%*%&'(
A. $"?$'. 3(8 '( 719. 7.1"$"% $" '&. *+1/.* 1"2 /,.?$/.*5 $" '&. 21"/.
6.':$J' +.,*("*5 *$'.5 1"2 &$*'(,3< A. $"?$'. 3(8 '( #(/1'. 3(8,*.#) 17("%*'
'&. *+1/.* 6.':.." '&. 6(2$.* () '&. #$?$"% 1"2 '&. 2.125 '&. .1,'&5 '&.
*935 '&. +.:5 '&. +8#+$'5 '&. $"&.,$'(,*5 1"2 '&. 2$*$"&.,$'.2< G8*' 1* '&.*.
11
VN PPXH MF SGD KH MD >MC
N SGDP H MSDPUDMSH N MR 9
H,'.% 4&)%'.&") '/ E*='. *(1 3@*L 0$.')) H*$."1 HC*$")
K
$'.,1,3 /,$'$/ B&.,3# E< A1## #(/1'.* '&. +&,1*. V:(,,3$"% '&.
#$".W :$'&$" '&. #$".1%. () '&. K#8.*<02 A1## *13* '&1' V:(,,3$"%
'&. #$". $* '&. './&"$U8. () 6,.19$"% 8+ 1 +&,1*. 63 /&1"%$"% +$'/&5 1224
$"% 1 *&(8'5 (, ,.+.1'$"% :(,2* $" (,2., '( .7+&1*$Z.5 /#1,$)35 (, *86?.,'
1 7(7."' $" 1 *("%<W ! /(7. 63 '&. ',12$'$(" () V:(,,3$"% '&. #$".W
'&,(8%& %(*+.# [ $"1*78/& 1* '&. 6#8.* 6.%1' %(*+.# 78*$/< !" %(*+.#5
V:(,,3$"% '&. #$".W $* 1#*( 1" $"'.,?."'$(" $" '&. *("%< !' $* 1 7(7."'
'( )(,71##3 2$?.,%. ),(7 '&. &1,7("3 (, 7.#(23< !' $* 6('& '&. :(,9
1"2 '&. +#13 () '&. *+$,$' (" '&. *$"%., (, 78*$/$1"< !' $* 1 ,.)8*1# '( 6.
!"#=$((9 ,"&+/#$*&') /" /0' #-('+ "! /0' +"&5; UK"##9*&5 /0' (*&'V ":'#+
8* 1" 1,'$/8#1'$(" () 1 7(7."' '&1' $* 1* 78/& 16(8' $'* 2.?$1"' *&(8' (,
+'#="&'//' $+ */ *+ )'4&') >9 /0' +"&52+ ='(")*'+ "& '*/0'# +*)' "! */; <0'
8",8+'8,.2 #$". () &$*'(,3 6.)(,. '&. 6,.195 1"2 '&. 8"6,(9." #$". ()
)8'8,. 1)'., $'5 1,. 6('& 712. :&(#. $" '&. 8''.,1"/. () 1" $"'.,7.2$1,3
*&(8'< I* 1 /&$#2 $" '&. K#1/9 /&8,/&5 ! ()'." '&(8%&' 7(7."'* () *&(8'*
'( 6. *(7. )(,7 () %,(:" )(#9 +#13< !07 *8,. ! 17 17("% *.?.,1# K#1/9
/&$#2,." :&( )1"/$.2 '&$* '( 6. '&. /1*.< A&1' ! &12 3.' '( #.1," 1* 1 /&$#2
:1* '&. 2.+'&* () K#1/9 /8#'8,1# +,1/'$/. 1"2 ',12$'$(" #12." $" '&.*.
*&(8'*< H&.*. /8#'8,1# ',12$'$("* 1,. :(?." 1/,(** &37"*5 &8*& &1,6(,*5
1"2 &(##.,*5 &.#2 1"2 71$"'1$".2 $" *+$'. () /."'8,$.* () ."*#1?.7."'5
,1/$1# '.,,(,5 8",.7$''$"% 2$*."),1"/&$*.7."'5 1"2 *8,?.$##1"/.< !" 1/'84
1#$'35 '&$* *&(8' $" '&. 7$2*' () 1 *("% ',(86#.* (8, 2.71,/1'$("* 6.':.."
#16(, 1"2 +#135 /8#'8,1# ,.'."'$(" 1"2 /8#'8,1# $"?."'$("< I"2 *'$## :. /1"
.J'."2 '&$* +,1/'$/. () V:(,,3$"% '&. #$".W '( K#1/9 9"(:#.2%. +,(28/4
12
!"#"$%&'()
!"#"$%&'()
'$("< A. *.. '&.*. ',12$'$("* +,.*."' '&.7*.#?.* $" '&. :(,9 () @$/&1,2
I##."5 :&(*. +,1/'$/. () :(,,3$"% '&. #$". 6.':.." &$* +&3*$/1# #16(, 1*
1" ."*#1?.2 +.,*(" 1"2 &$* $"'.##./'81# #16(, 1* 1 '&.(#(%$1" #.12 &$7
'( /(4)(8"2 '&. P,.. I),$/1" =(/$.'35 1"2 #1'., '( #.12 6('& '&. +&3*$/1#
1"2 $"'.##./'81# 68$#2$"% () '&. E-a-P 2."(7$"1'$("< A. *.. '&. *17.
+,1/'$/. 1/,(** &8*& &1,6(,* 1"2 *+1/.* () K#1/9 /("%,.%1'$(" 28,$"%
'&+($C'='&/7 /0$/ 80*(' M($,@ !"(@+ ($>"#') -&1-+/(9 /" /0' %#"4/ "! "/0'#
+.(+#.5 '&.3 1#*( #16(,.2 $" *./,.' 1"2 *1/,.2 *+1/. '(:1,2 '&.$, (:"
*+$,$'81# 1"2 /(,+(,.1# ),..2(7< H&$* 6,$"%* 8* '( '&. #16(, () +#13<
A&." :. /("*$2., +#13 '&.,. 1,. *.?.,1# /(,. 7.1"$"%* '&1' 1,$*. $74
7.2$1'.#3<
!" /("?.,*1'$(" :$'& .1/& () '&.*. .J17+#.*5 '&.,. $* 1 U8.*'$("$"% ()
:&.'&., 21"/. 1"2 ),.. 7(?.7."' 1,. 7(,. 19$" '( +#13 '&1" :(,9<
P8,'&., $" '&$* :,$'$"% ! :$## 2$*/8** $" 7(,. 2.'1$# &(: '&. #16(, ()
K#1/9 +.(+#.* &1?. 6.." +8*&.2 '( 6. $" %,.1'., +,(J$7$'3 '( +#13< I' '&.
*&/'#+',/*"&+ "! /0"+' /0"-50/+7 E ":'# /0' I-'+/*"& /" !"#$%&' ;)*( +)#$(,
-*%& #()."Q' /.".01 ')*23%45 182$."/. 7.76.,*d &(: 2( 3(8 8"2.,*'1"2 '&.
*+1/. 6.':.." #16(, 1"2 +#13 1/,(** 21"/.5 &.,. (, .#*.:&.,.T P8,'&.,
*'$##5 &(: 2( 3(8 8"2.,*'1"2 '&. *+1/. 6.':.." #16(, 1"2 +#13 $" K#1/9
21"/.T
H&. 2$1#./'$/ 6.':.." #16(, 1"2 +#13 $* "(' ("#3 +,.*."' $" '&. +.,4
)(,71"/.* () '&$* +,(-./'5 68' $* 1#*( 168"21"'#3 ?$*$6#. 1/,(** '&. &$*'(4
,$.* () =(/$.'3 F$## 1"2 c8.." N$##1%.< K.#(: 1,. 1 ).: &$*'(,$/1# &$%&4
#$%&'* '&1' &.#+ 8* '( 8"2.,*'1"2 '&.*. *1/,.2 ".%('$1'$("* 6.':.." #16(,
1"2 +#13<
2 $")1"'$#. $7+,(?$*1'$("5 /&$#20* ),..2(75 12(#.*/."' -(3
3 1 */,$+' )(, 1 '&.1',. +.,)(,71"/.
4 I +#1" $" *+(,' (, ('&., ,./,.1'$("
I *&(,' #$*' $"/#82.*d
2 K#1/9 #$'8,%$/1# 21"/. 1"2 '&. #$". 6.':.." '&. *1/,.2 1"2 '&.
*./8#1,
3 B&$#2,." +#13$"% 9"(:$"%#3 $" /&8,/& 31,2* [ /("*$2.,$"% ,.?.,4
."/. 1"2 3(8'&
4 B&$#2,." +#13$"% 8"9"(:$"%#3 $" /&8,/&31,2* [ /("*$2.,$"%
&$*'(,3
. I" 1,'$*' 1++,(1/&$"% 1 +8#+$' /("*$2.,$"% 6('& 6(8"21,3 1"2
$"'.,?."'$("
;("S*=@" )%.-::@") /'. C."$*.&'-) /.""1'G) N ?@*$A T'@A) B(O
)@*2"1 *(1 T.""
H&. P,.. I),$/1" =(/$.'35 )(8"2.2 $" 0p1p 63 @$/&1,2 I##." 1"2 I6*14
#(7 G(".*5 -8*' p 3.1,* 1)'., E.""*3#?1"$10* +1**$"% () %,1281# .71"/$+14
'$("5 :1* 1 %,.1' $71%$"$"% $"'( K#1/9 ),..2(7 1"2 *.#)42.'.,7$"1'$("<
!" 1 7(7."' :&.,. '&. ),.. +(+8#1'$("* () K#1/9 +.(+#. &12 *:.##.2
$" E&$#12.#+&$15 '&$* (,%1"$Z1'$(" /."'.,$"% 78'81# 1$2 )(, K#1/9 +.(+#.
":'#') $ ,"((',/*C' !#$='8"#@ >9 80*,0 W#'' ?!#*,$&+ =*50/ "#5$&*J'
/0'*# %"8'#; E& $))*/*"& /" (",$( $&) /#$&+O&$/*"&$( ':"#/+ /"8$#) >-*()4
$"% K#1/9 +(:.,5 '&. P,.. I),$/1" =(/$.'3 :1* $"*',87."'1# $" '."2$"%
'( E&$#12.#+&$10* 2.12 $" '&. :19. () '&. 0p75 b.##(: P.?., >+$2.7$/<
D.*+$'.5 1"2 +.,&1+* $" .J+#1"1'$(" ()5 '&. 8",.#."'$"% #16(, () '&. P,..
I),$/1" =(/$.'35 ,1/$1# +*.2(4*/$."/. () '&. '$7.5 +,(+1%1'.2 63 K."4
-17$" @8*& 1"2 ('&., #(/1# 2(/'(,*5 /#1$7.2 6('& '&1' K#1/9".** :1*
1 +1'&(#(%3 ),(7 :&$/& I),$/1" +.(+#. /(8#2 6. /8,.2 1"2 '&1' K#1/9
+.(+#. :.,. $778". '( 3.##(: ).?.,<00 H&$* ,1/$1# +*.82(4*/$."/. 712.
/#*C$( /0' +$,#*4,' $&) ($>"# "! /0' W#'' ?!#*,$& D",*'/9 *& /0' 0p75
X'(("8 W'C'# Y%*)'=*, $&) >'9"&); K0'& +$,#*4,' (*@' /0*+ *+ -&)'#,-/
13
14
H&.*. /("'.7+#1'$("* (" +#13 1## &(#2 $" /(77(" 1 )(,.'.##$"%< E#13
X:&.'&., '.J'5 %17.* (, $7+,(?Y $* 1 #16(, '(:1,2 '&$"9$"%5 +,(6#.7 *(#?4
$"%5 1"2 2.?$*$"% *(7.'&$"% ".:< I"2 -8*' 1* 6#8.* 6.%1' %(*+.#5 +#13
6.%1' 71"3 () '&. +,1/'$/.* :. "(: &(#2 *1/,.2< A&1' :. 8"2.,*'1"2
$+ /0' +$,#') L)",/#*&' $&) #*/-$(F 8$+ ,")*4') /0#"-50 #'%'#/"*#'+ "!
*+$,$'81# :(,9 1"2 +#13< >?." $" '&. 7("'&* *$"/. '&. 1,'$*'* &1?. 6.."
:(,9$"% (" !"#$%&' ;)*( +)#$(, -*%& #()."' /.".01 ')*23%45 ! &1?. :$'".**.2
U8.*'$("* 16(8' '&. #$".* 6.':.." *1/,.2 :(,9 1"2 +#13<
!"#"$%&'()
!"#"$%&'()
63 *3*'.7$/ ,1/$*75 :(,9 '&1' $* .J+#$/$'#3 '."8(8* #16(,5 :(,9 $* *1/,.2
#$9. ,$*9$"% (".0* (:" #$). )(, '&. 2.12 28,$"% '&. 3.##(: ).?., (8'6,.195
*+ +''& $+ ('++ C$(*$&/7 ('++ )*Z,-(/7 $&) $#5-$>(9 $)1$,'&/ /" %($9; <0'
$"'.##./'81# :(,9 () 6('& ?1#$21'$"% '&. :(,9 () '&. P,.. I),$/1" =(/$.'3
1"2 ,.)8'$"% '&. /#1$7* () K."-17$" @8*& '&." 6./17. #16(, )(, @$/&4
1,2 I##." 1"2 I6*1#(7 G(".*<
U," 3,&@*1"@C,&* R":.' N <( 7'.A *(1 E"&)-."
!" 0177 B-P-U-D8K($* 6.%1" &$* #1"271,9 *(/$(#(%$/1# *'823 (" H&.
E&$#12.#+&$1 S.%,(5 :&.,.$" &. .J17$".2 '&. K#1/9 +(+8#1'$("* () '&.
p'& A1,25 /("'.7+(,1,3 c8.." N$##1%. 1"2 =(/$.'3 F$##< !" '&$* *'823
&. +1$2 /#(*. 1''."'$(" '( K#1/9 2(7.*'$/ :(,9.,* :&( &. "('.2 :.,.
'1*9.2 :$'& 71"1%$"% 7("('("(8* :(,9 1"2 *',."8(8* +(:., 23"17$/*
$" '&. A&$'. &(8*.&(#2* :&.,. '&.3 *.,?.2< >?." $" D8K($*0 1,'$/8#14
'$(" () #.$*8,. 17("%*' K#1/9 +(+8#1'$("* $" '&. p'& A1,2 &. &$%&#$%&'*
1 +,.(//8+1'$(" :$'& 1/'$?$'$.* '&1' #."2 '&.7*.#?.* '( 1''1$"7."' () *(4
/$1# *'1'8*<04 H&$* *'823 /("'."2* '&1' :. /("*$2., '&1' .?." :&." K#1/9
E&$#12.#+&$1"* :.,. '( 6. /("/.,".2 :$'& '&.$, ),..2(7 1"2 #.$*8,.5 '&.3
*+."' '&1' '$7. ."%1%$"% $" :&1' :1* 1/'81##3 *'$## #16(, '(:1,2 :&1' '&.3
+.,/.$?.2 '( 6. '&. 6.''.,7."' () '&.$, *(/$1# /("2$'$("<
?@*$A Q-.&)1&$%&'( *(1 %," 42%, +"(%-.L &( V-""( W&@@*:"PH'-%,
3,&@*1"@C,&*
D8K($*0 )(/8* (" '&. p'& A1,25 1,'$/8#1'$"% '&1' '&$* :1* '&. ".$%&4
6(,&((2 '( :&$/& K#1/9 +.(+#. :.,. ,.#.%1'.25 .J'."2* (8, )(/8* $"'(
'&(8%&'* 1,(8"2 K#1/9 -8,$*2$/'$("<
G8*' 1 2./12. 6.)(,. D8K($* /(7+#.'.2 &$* *'823 $" E&$#12.#+&$15 '&.
M('&., K.'&.# E-a-P B&8,/& 68,$1# %,(8"2 :1* *(#2< _"16#. '( /("'$"8.
'( 71$"'1$" '&. +,(+.,'35 M('&., K.'&.# *(#2 '&$* #1"2 '( '&. B$'3 () E&$#4
12.#+&$1 :&( :$'&$" 02 3.1,* '8,".2 $' $"'( 1 /$'3 +1,9 X"(: A.//1/(.
E1,9Y< H&1' '&. /$'3 () E&$#12.#+&$1 )(8"2 $' +.,7$**$6#. '( 68$#2 1 +#134
%,(8"2 )(, /&$#2,." (" '(+ () '&. 6(2$.* () '&. K#1/9 2.12 +($"'* '( '&.
7(*' 8"'."16#. ,.#1'$("*&$+* 6.':.." K#1/9".**5 *1/,.2".**5 #16(,5 1"2
+#13< H&$* 68,$1# %,(8"2 '&1' :1* +8,/&1*.2 63 @$/&1,2 I##." $" 0102
15
? ".>.%( 3/*4. #8 * >)30& K0*13%4 *( :.().0 :$"3*0 !"#$%&^F.>>*>#. K0*14"#$%&N =)#(# @1 6.*0 +*%(#'B
O#$"(.'1 #8 FYVV
:1* 1 +,$71,3 68,$1# %,(8"2 )(, K#1/9 E&$#12.#+&$1"* :&( &12 #$7$'.2
68,$1# (+'$("* $" '&. ,.%$("<05 H&.,. $* 1 +./8#$1, +1,1##.# &.,. $" &(: '&.
+%$,' !"# /0' M($,@ )'$) 8$+ ,"&4&') *& =-,0 /0' +$=' 8$9 /0$/ +%$,'
!"# ,0*()2+ %($9 *+ $(+" %#'+,#*>') /" $ +*&5(' %("/ "! ($&); <0*+ +*/' ":'#+
8* 1 #16(,$(8* 2$*/(8,*. (" ),..2(75 &(#2$"% "( 6(''(7 '( *1/,.2 2.+'&
1"2 "( +.19 '( %.*'8,1# -(3 1"2 +#13<
!" 3(8, :$'".** () '&. +.,)(,71"/.* 1"2R(, +1".#* $" '&. +,(/.**
"! /0*+ %#"1',/7 8' ":'# /0$/ 9"- ,"&+*)'# /0' ($>"# "! /0' )'$) $&) -&4
"17.2 :&( *'.:1,2.2 '&$* #1"25 68$#' '&.*. *1"/'81,$.*5 1"2 71$"'1$".2
/0'+' 5#"-&)+; K' ":'# /0$/ 9"- ,"&+*)'# /0' ($>"# "! /0' +*/' /" -%0"()
/0'+' 0*+/"#*'+ $&) "-# %#'+'&,'+; K' ":'# /0$/ 9"- ,"&+*)'# /0' ($>"#
1"2 '&. +#13 () '&. 21"/.* [ '&. :13* '&.3 1,. 3.' $"'.,?."$"% $" '&.
*("% () (8, &$*'(,$.*5 '&. :13* '&1' '&.3 1,. '&$"9$"% 1"2 +,(7+'$"% ".:
'&(8%&'<
16
!"#"$%&'()
MN SDR
0<
4<
5693<
p<
1<
7<
02<
00<
04<
05<
K,(126."'5 C$7< P1,"&175 G("< =)30*&.0K)3* Y3'(#"3>*0 O#//3''3#%D Y3'(#"3> =".'."A*(3#%
9.>#//.%&*(3#%' 8#" (). +#$() =0*%%3%4 E3'("3>(N 06< L/'< 42065 :::<+&$#1<%(?R&$*'(,$/1#R
D(/87."'*R=(8'&efgD$*',$/'efg+,.*.,?1'$("efg7.7(<+2)< 0p G1" 4207<
+(N =.(."Q' O)$">)D Y3'(#"15 :::<*'+.'.,*+&$#1<(,%R16(8'4*'4+.'.,*R&$*'(,3R5 42 G1" 4207<
A&$'.5 A$##$17< ;). O*'. #8 (). JK3'>#K*0 O)$">).' 3% (). W%3(.& +(*(.' O#%'3&.".&< 4203<
888;'%*+,"%$($#,0*C'+;"#5[+*/'+[)'!$-(/[4('+[0")[\]N^_`^8'>;%)!7 42 G1" 4207<
M1**1,.5 C$7< +>#(' =".'@1(."3*% O)$">) -=)30*&.0K)3*B O9N5 9.>#"&' 617 X 68 5 G8#3
4206< :::<&*+<(,%< I//.**.2 49 G1" 4207
+*($"&*1' 8#" +.%3#"'5 42015 :::<(#2+$".<(,%R/(778"$'341"247$**$("R*1'8,2134)(,4*.4
"$(,*< I//.**.2 49 G1" 4207<
? :"3.8 Y3'(#"1 #8 H#()." :.().0 ?8"3>*% H.()#&3'( JK3'>#K*0 O)$">)5 :::<7('&.,6.'&.#<(,%R
,"&/'&/;%0%a,*)b`c 4p G1" 4207<
;). O)$">) *%& (). O3A30 934)(' H#A./.%(< &''+dRR:::</&8,/&()'&.12?(/1'.<(,%R/$?4
$#4,$%&'*4+.,$(2<&'7# 41 G1" 4207
Q,.%(,35 C$1< H#%$/.%(*0 ?>)3.A./.%(D ? >3(1 )3'(#"1 >0*'' 4.(' (). '(*(. (# /*"2 (). '3(. #8 *
Z_()M>.%($"1 "*>. "3#(5 p D./ 4229; $#,0*C';*+[d_`e_`e``e`def[0//%g[[888;%0*($)'(4
%0*$8''@(9;,"=[&'8+O$&)O"%*&*"&[="&-='&/$(^$,0*'C'='&/Oecf_e`hf;0/=(i+'(',4
/*"&Ohej;_Ohfe;c` 49 G1" 4207
!,:$"5 C1,#1< O)*#' 3% (). +("..(', ;). =)30*&.0K)3* 93#(' #8 Z`aa5 4200< .J&$6$'*<#$6,1,3<
C*(($&"C$;')-[,0$"+O*&O/0'O+/#''/+O/0'O%0*($)'(%0*$O#*"/+O"!O`cff[& 43 G1" 4207A1##5 B&.,3# E-F#""13%4 (). R3%.D :0*>2 F#/.% F"3(."'B R3%.*4.B *%& R3(."*"1 ;"*&3(3#%5
4223; 0//%+g[[888;-&,%#'++;"#5[>""@[hjc_c_jckkclj[8"##9*&5O/0'O(*&'[ 26 I+,$#
4207<
;). S".. ?8"3>*% +#>3.(1D ;). V.00#7 S.A." JK3&./3>5 &*+<(,%R&$*'(,34("#$".R.J&$6$'*R,$/&4
1,241##."41+(*'#.4()4),..2(7R'&.4),..41),$/1"4*(/$.'35 26 I+,$# 4207D8K($*5 B-P-U-;). =)30*&.0K)3* 6.4"#D ? +#>3*0 +($&1< E&$#12.#+&$1d _"$?.,*$'3 () E.""4
*3#?1"$1 E,.**5 0177<
K8/91#.:5 H.,,3< 6*(3#%*0 9.43'(." #8 Y3'(#"3> =0*>.' 9.43'("*(3#% S#"/D :.().0 :$"3*0 !"#$%&5
888;)"/j;+/$/';%$;-+[SQmED^?//$,0='&/+[D*/'Q'+"-#,'[G?^G0*($)'(%0*$^M'/0'(4
M-#*$(m#"-&)^&"=*&$/*"&;%)!7 6 I+,$# 4207-
17
18
F PN TMCR SG>S R GN TS
>S B GTPB G N E SGD
>CUN B >SD
M13 4 1' p.52 mM
M13 5 O 6 1' 1 mM
6*2&1 ?.&$A
7*2 8 9%+/" +)/ ,:*;/<
O)#".#4"*K).& *%& =."8#"/.& @1
N$C*) M#*,@ $&) n'%09# D$:#"& P$/+-+0*=$ M#*,@
8".G*&(" ;(:.*G
,#$1' *=,+4""4%5
=."8#"/.& @1
Q.,71$". !"%,175 B(,$"". C1,("5
N$/'(, S(,'&5 1"2 @(63" A1'*("
T&)% *(1 4""@ 3"./'.G*($" 8.'-C
>>>+)/2 '+##& ')*34%5 ?)41/ #+)/"' @/5*% +# ')#$+
b().1 '(##& ')*23%4B 7)30. #()."' @.4*% (# ')#$( $* 7.1"' '( 6. 1 23"17$/ '1+.*4
',3 '&1' /(""./'* '&. +1*' :$'& '&. +,.*."'5 /,.1'.2 $" ,.*+("*. '( B&8,/&
() '&. I2?(/1'.5 $'* 1,/&$'./'8,.5 &$*'(,35 1"2 +,.*."/.< H&. 7(?.7."'
=$/'#*$( *+ #',"&45-#') $&) #'*=$5*&') !#"= */+ "#*5*&$((9 +0$%') !"#=
'&1' :1* /,.1'.2 '( 6. /("*$*'."' :$'& 1"2 6,$"% 1''."'$(" '( '&. 1,/&$'./4
'8,.5 *$'.5 1"2 &$*'(,3 () S.: b(,90* ='< M1,90* B&8,/&4$"4'&.4K(:.,3 1*
+1,' () '&. D1"*+1/. E,(-./' E#1')(,7 ! /8,1'.2 $" 4201<
E&.-'&,') >9 #','&/ #'+'$#,0 *&/" M($,@ D0$@'#+7 %$#/*,-($#(9 %#"=4
$"."' =&19., >#2,.**5 M('&., @.6.//1 B(J G1/9*("5 '&$* :(,9 1#*( )(#2*4
$" '&$"9$"% () '&. !6.-$5 1" (,$*&1 X%(2Y () '&. b(,861 ,.#$%$(" ,.+,.*."'4
.2 63 ':$"*] /("*$2.,* '&. +,(6#.7* 1"2 23"17$/* () 28.'* 1"2 +1$,$"%]
$&) $(+" *&,(-)'+ #'.',/*"& "& =9 0779 :(,95 ;). R3((0.'( :*K(3'(5 :&$/&
$"/(,+(,1'.2 73 $"?.*'$%1'$("* $"'( '&. K-N-2..+ =(8'& 1"2 H,$"$212
1"2 H(61%(< ! ,.?$*$'.2 ;). R3((0.'( :*K(3'( :$'& 1" .3. )(, ,./#1$7$"%
7(?.7."' 71'.,$1# /,.1'.2 1)'., ,.*.1,/& ',1?.#* '&1' ',1/.2 73 )17$#3
,(('* $" '&. K-N-=(8'&5 1"2 =+$,$'81# K1+'$*' ,.'."'$("* $" '&. ':$" $*#1"2
/(8"',3 () H,$"$212 1"2 H(61%(] '&$* :(,9 $* .1,#3 .J17+#. () &(: 73
4'() #'+'$#,0 8$+ +9&/0'+*J') *&/" %'#!"#=$&,' /0'$/'#;
@.%%$. A$#*("
O$"*(#"
!"#$%&' ;)*( +)#$(, -*%& #()."' /.".01 ')*23%45
O)#".#4"*K).& @1 @.%%$. A$#*("
=."8#"/.& @1
F121, I&8?$15 @&.''1 I#.("%5 b.71" K,(:"5
E18# F17$#'("5 ;1:,."/. F1,2$"%5 M$/&.# C(819(85
B#.7."' M."*1&5 Q16,$.#1 =$#?15 I""$. A1"%5
@.%%$. A$#*("5 M$/&.##. b1,25 1"2 M$#.* b.8"%
U*@AO=*$A 5&%, !"::&" 7&@)'(
2.
20
A. 1' '&. B&8,/& () '&. I2?(/1'. 1,. '&,$##.2 '( 6. /(##16(,1'$"%
:$'& P$*' 1"2 F..# E.,)(,71"/. Q,(8+ $" !"#$%&' ;)*( +)#$(, -*%&
#()."' /.".01 ')*23%45< H&. I2?(/1'. $* :.##4*8$'.2 )(, '&. ?."8. )(,
'&$* *.,$.* () +.,)(,71"/.*5 8*$"% #(/1# 1,'$*'*5 .J+#(,$"% ,.#1'$("4
*&$+* 1"2 /(""./'$("* 6.':.." ,.#$%$("5 7(?.7."'5 ,1/.5 1"2 '&.
6(23 :$'& 1 )(/8* (" '&. I),$/1"4I7.,$/1" ,.#$%$(8* .J+.,$."/.
$&) /0' +%',*4, ,"&/'B/ "! G0*($)'(%0*$2+ 0*+/"#*, +$,#') +%$,'+;
I" 1"/&(, $" #1,%.#3 I),$/1"4I7.,$/1" S(,'& E&$#12.#+&$15
'&. Q.(,%. B< =(8'& M.7(,$1# B&8,/& () '&. I2?(/1'. $* 1
#1"271,9 $" '&. ,.#$%$(8*5 *(/$1#5 1"2 1,/&$'./'8,1# &$*'(,3 () #(4
/1# &$*'(,3 1* :.## 1* '&. _"$'.2 ='1'.*< H&. I2?(/1'. 6./17. 1
/."'., () 1/'$?$*7 )(, '&. B$?$# @$%&'* M(?.7."' .76,1/$"% '&.
/18*. () I),$/1"4I7.,$/1" 1"2 :(7."0* ,$%&'*< !' :1* '&. *$'. ()
+'C'#$( &$/*"&$((9 +*5&*4,$&/ 'C'&/+ "! /0'+' ="C'='&/+ *&,(-)4
$"% '&. S1'$("1# B(").,."/. () K#1/9 E(:., X0731Y5 '&. K#1/9
E1"'&., B(").,."/. X07p2F7 $&) /0' 4#+/ "#)*&$/*"& "! 8"='&
$" '&. >+$*/(+1# B&8,/& X07p6Y<
S( ('&., /&8,/& $" I7.,$/1 &1* 6.." 68$#' $" *8/& 1 %,1"2
+,$(' +%',*4,$((9 !"# /0' 8"#@*&5 ,($++; ?(+"7 &"&' ":'#+ +-,0 $
/(7+,.&."*$?. ,.+.,'($,. () '&. Q('&$/ @.?$?1# 1,/&$'./'8,.<
H,12$'$("1# *'1$".24%#1** +1,'".,* :$'& I),$/1" I7.,$/1" F$*'(4
,3 M8,1#*5 6('& 61*.2 (" 6$6#$/1# +1**1%.*< H&. 7(2.," 78,1#*
2(/87."' '&. /,$'$/1# *(/$1# ,(#. +#13.2 63 I7.,$/10* $"".,4/$'3
/&8,/&.*<
!" '&. :(,2* () (8, N$/1,5 E1*'(, @."..5 VA. 12?(/1'. )(,
G8*'$/. 1"2 L++(,'8"$'3< A. 12?(/1'. )(, E.1/. 1"2 E(:.,< A.
/.#.6,1'. '&. I,'* 1"2 +,(7('. >28/1'$("<W A. 1,. '&. B&8,/&
() '&. I2?(/1'.<
A. :$*& 1## '&. +.,)(,7.,*5 +,(28/.,*5 1"2 +1',("* 1 6#.**.2
.?."$"%\
H&. @.?< ;(,$ H8/9., >J#.3
="3.'( ?''#>3*(.
O)$">) #8 (). ?&A#>*(.
21
22
F PN TMCR SG>S R GN TS
OPN B DR R H N M
M13 00 1' 04.52 &a)4 &a)S 5.52 &a
@#&2 5"#$%&
O)#".#4"*K)1 @1 M.% P(#.3
$" /(##16(,1'$(" :$'& N$'/&.4K(8# @1
=."8#"/*%>. @1 M.% P(#.3 1"2 N$'/&.4K(8# @1
7*1#
M9 34)5'/6
O)#".#4"*K)1 @1 M.%1" K,$2%. $" /(##16(,1'$("
:$'& '&. +.,)(,7.,*
H$'3> @1 E.'., E,$/.
=."8#"/."'D M.%1" K,$2%.5 B17.,(" K,$2%.,*5
I7.#$1 M1,'$".Z5 B17,3" M."'Z.,5 ;18,." M(/&"1#5
@&("21 M((,.5 D1:" E,1'*("5 M$-91#."1
=7$'&5 B$.,,1 A((2*5 =&.$#1 h1%1,
>>>+)/ @#++#0>>>$: A*+;)4%5 ,#$1'
O#%>.K(B O)#".#4"*K)1B < =."8#"/*%>. @1 ;.#1 I$*&1 G(".*
1 '19. (" :&1' 1" 1"%.# 1"2R(, 1"/.*'(, 7$%&' 71"$).*'
:&." '&.3 2.*/."2 (, 1*/."2 8+(" 1 *1"/'81,3^ $"*+$,.2
63 '&. (/.1" ,8""$"% 1#("% '&. :1##* () (#2 +$".5 *376(#*
(" '&. :1##* $"/#82$"% '&. 1"/&(, /,(** X71,$".,*5 *1$#(,*5
*'(,73 *.1*Y5 */1##(+ X61+'$*75 $"$'$1'$("5 :1'.,Y5 +$". /(".
X:((2:(,9Y5 /,(** X1 +#1/. () $"'.,*./'$("Y5 /(,"8/(+$1
L%#"=*+' ($&) "! =*(@ $&) 0"&'9F7 ."8'# L/"-,0*&5 #'($/*"&4
*&$+*5 ,.%,(:'&Y5 1"2 '&. #$'.,1# #13.,* 8+(" #13.,* () .".,%$.*
23
'&1' /1## '&$* *1/,.2 *+1/. &(7.<<<(+." 1"2 3(8 -8*' 7$%&'
)..# $' 1"2 :&1' $) $'`* "(' 16(8' 3(8T
+#$%&'>*K. @1 I"$'1 K19.,5 ;1#1& F1'&1:135 ;.#1 I$*&1 G(".*5
H&. M12$*(" =(8"2* () h$("5 I#.J =&1:5 E1+1 >2 ='(9.*5
A((2:(,9.,* () L#2 E$". =',..' E,.*63'.,$1" B&8,/&
?"(3'(3> O#00*@#"*(#"'D M8'&$ @..25 I#.J =&1:5 E1+1 >2 ='(9.*
O#'($/.B +.( E.'34%B < O#%'("$>(3#% @1 K.''3 ;.1/,1)'5 ;.#1
I$*&1 G(".*5 S1'1#$1 2. #1 H(,,.
B/#:1/C #" D)*+E' F/G+ 4% +)/ !"*4%
I#71"1/ D1"/. B$,/8* H&.1',.
O".*(.& *%& =."8#"/.& @1 S1'&1" I#)(,24H1'.5 K." Q,$"6.,%5
D.*$,i. F1##5 I217 C.,6.#5 M$1 D("1'1 @(//&$(
'*%;+$*"2
O)#".#4"*K)1 < E3".>(3#% @1 H1"$1 !*11/
=."8#"/."'D H1"$1 !*11/ 1#("% :$'& '&. M('&., K.'&.# >J4
1#' 1"2 E,1$*. D1"/.,* #.2 63 @&(2.*$1 Q,.." 1"2 C.##3
b$12(7
c3#03%D S1(7$ F371"
c#3>.D G(.''1 B,3., () '&. M('&., K.'&.# B&($,
;.C(D H1"$1 !*11/
O#'($/.'D S1'1#$1 2. #1 H(,,.
=.#./'.2 M8*$/
:.*$(38$0 ?8"3>*% H$'3> >9 W$#$4
S$" J03'. 9.)*"/#%3d*(3#% >9 N#; S'#/*4$>('
c."#%3>* 63 N$,%$"$1 @(2,$%8.Z
Y*& I %.A." 2%#7% ().. X0191Y H&(71* G M1,'$" XS.: L,#.1"*Y
I,,1"%.2 1"2 >2$'.2 63 @1/&.# K1,'(" E$".
24
:dkSmbdt Pso
F PN TMCR SG>S R GN TS
OPN B DR R H N M L>O
NNN(). @#((#/NNN$K O*(>)3%4 +#$0'
;.#1 I$*&1 G(".*
@#&1 4"#$%&
M.% P(#.3
e
e
e
<@1 3&(" H%.""%
+,-.$,
H*0#
34)5'/6
e
e
'*%>($*"1
H1"$1 !*11/
e
e
=.#K0.P #" F)*(Q' R.8( 3% (). !"*3%
I#71"1/ D1"/. B$,/8* H&.1',.
?'Y <Z$"
Lemd Pso
H%I 3"%".X)
BC&)$'C*@ +,-.$,
e
e
e
e
F'%,". ?"%,"@
M E 1 +,-.$,
e
GnlaSoc Pso
26
5,2 =',..'
6'& =',..'
25
9'& =',..'
3'& =',..'
DSriekkPso
KDSSDPR EPN L
OPN B DR R H N M B GTPB GDR
='< E.'.,`* $* '&,$##.2 '( +1,'$/$+1'. $" !"#$%&' ;)*( +)#$(<
E& $& "&5"*&5 ':"#/ /" 5#$%%(' 8*/0 "-# 0*+/"#9 $+ $
/&8,/& :&.,. *#1?. (:".,* 6,(8%&' ."*#1?.2 +.(+#.
'( :(,*&$+5 1* :.## 1* 6.$"% '&. /("%,.%1'$(" :&.,.
M('++') ?>+$("= A"&'+7 /0' 4#+/ ?!#*,$&O?='#*,$&
+.,*(" '( 6./(7. 1 +,$.*' $" '&. >+$*/(+1# B&8,/&5
:1* (,21$".25 :. )..# '&1' '&. $"'."' () !"#$%&' ;)*(
+)#$(5 1" .J+#(,1'$(" () '&. &$*'(,3 () ,1/.5 ,.#$%$("5
1"2 .76(2$7."' $" '&.*. '&,.. /("%,.%1'$("*5 $* ()
+1,'$/8#1, $7+(,'1"/.< I* 1 /("%,.%1'$(" '&1' *',$?.*
'( 6. B&,$*'`* &1"2*5 &.1,'5 1"2 7$"2 $" '&$* 6,(9."
:(,#25 :&.,. '&. 8%#$".** () ,1/$*7 .J$*'* 1"2 '&,$?.*5
:. 1,. /(77$''.2 '( ',8'& '.##$"% 16(8' (8, +1*'5 1*
:.## 1* 6.$"% 1%."'* () -8*'$/. 1"2 ,./("/$#$1'$(" $" '&.
+,.*."' 1"2 )8'8,.< I"2 :. #((9 )(,:1,2 '( +1,'$/$+1'4
$"% $" '&$* .76(2$.2 .J+,.**$(" () %,$.)5 ',8'&5 1"2 -(3<
H&. /("%,.%1'$(" () L#2 E$". =',..' B&8,/& ?1#8.*
'&. 1,'* 1"2 '&. +(:.,)8# :13 '&1' '&.3 &.#+ 8* '( ,.4
.',/ "& "-# 0*+/"#9 $&) *)'&/*/9; <0'#'!"#'7 $,,'%/*&5
1" $"?$'1'$(" '( +1,'$/$+1'. $" !"#$%&' ;)*( +)#$(, :1*
$& '$+9 )',*+*"&; K' @&'8 /0*+ 8"-() >' $ /'##*4, $&)
'&(8%&'4+,(?(9$"% +,(%,17<
F(:.?.,5 :. 2$2 "(' 1"'$/$+1'. &(: 78/& :.02
/(7. '( 1++,./$1'. '&. /(778"$'3 '&1' '&$* +,(-./' &1*
)(*'.,.2< @.%%$. 1"2 &$* '.17 &1?. 1**.76#.2 1" .J4
',1(,2$"1,3 %,(8+ () 1,'$*'*5 /8,1'(,*5 /#.,%35 1"2 ?(#4
8"'..,*< !'0* 6.." 1" 16*(#8'. -(3 '( %.' '( 9"(: '&.7<
A.0?. 6.." /("'$"8(8*#3 $"*+$,.2 63 '&.$, 9$"2".**5
.".,%35 1"2 2.2$/1'$(" '( '&$* :("2.,)8# +,(-./'<
!'0* (8, &(+. '&1' .?.,3(". :&( :$'".**.* '&$* +.,4
)(,71"/. :$## /(7. 1:13 :$'& 1 2..+., 8"2.,*'1"2$"%
() (8, *&1,.2 &$*'(,3 1"2 () '&. ,(#. '&1' )1$'& /(7784
"$'$.* /1" +#13 $" 68$#2$"% *',("%.,5 7(,. 2$?.,*. 1"2
/(7+1**$("1'. )8'8,.*<
E.1/.5
H&. @.?< B#1$,. S.?$"4P$.#2
9.>(#"
+(N =.(."f' JK3'>#K*0 O)$">)
=$"/.,.#35
G1*(" P.,,$*
*+)%', +(- ."+- '/ 0%+1
T0& =3%. +("..( O)$">)
27
28
O".&3('
I* /#.,%3 #.12., () '&. &$*'(,$/ M('&., K.'&.# E-a-P
B&8,/& $" E&$#12.#+&$15 ! :&(#.4&.1,'.2#3 *8++(,' 1"2
17 #((9$"% )(,:1,2 '( '&. 1,'$*'$/ :(,9 () @.%%$. A$#4
*(" 1"2 E&$#12.#+&$1 B("'.7+(,1,3 :$'&$" (8, :1##*<
C"(:$"% '&1' E1,'".,* )(, =1/,.2 E#1/.* $* &.#7$"%
'&. +,(/.** () '&. 21"/.,* 1"2 (8, /("%,.%1"'* &1?$"%
/(##./'$?. 7$**$(" ,.#1'.2 /("?.,*1'$("* 719.* 8* /("4
4)'&/ "! /0' %#"1',/2+ !-/-#' +-,,'++;
A. #((9 )(,:1,2 '( 6.$"% "(' -8*' 1 ?."8. 68' 1"
$"'.%,1# +1,' () '&. +,(/.**$(" +.,)(,71"/. 1* +1,' ()
'&. !"#$%&' ()*( +)#$(, Q$?." (8, (:" *',("% ,(('* 1* '&.
7('&., /&8,/& () '&. E-a-P )1$'& $" '&. _"$'.2 ='1'.*5
:. 1,. +,(82 () (8, ,(#. $" '&. I),$/1" I7.,$/1" ,.#$4
%$(8* 1"2 *+$,$'81# *'(,3< A(,9$"% :$'& #(/1# 21"/.,* '(
$"'.,+,.' '&1' &$*'(,3 1"2 +8' $' '( 7(?.7."' $* *(7.4
'&$"% :. #((9 )(,:1,2 '( +1,'$/$+1'$"% 1"2 :1'/&$"%
&1++."< L8, *1"/'81,3 1#(". &1* 71"3 *'(,$.* '( '.##
'&,(8%& ?$*81#* 1"2 122$"% 7(?.7."' :$## 719. $' '&1'
78/& 7(,. +,.*."' $" (8, *+$,$'81# #$?.*<
D1"/. $* "(' )(,.$%" $"*$2. '&. :1##* () (8, *1"/'84
1,3< A. /8,,."'#3 &1?. '&,.. 2$?$*$("* () E,1$*. D1"/4
.,* '&1' ()'." 8*. '&.$, %$)'* 28,$"% (8, =8"213 *.,?$/.*
X+,.4'.."5 '.."5 128#'Y< !' $* 73 *8*+$/$(" '&1' (8, +1,4
'$/$+1'$(" :$'& '&$* +,(-./' :$## ("#3 2..+." (8, (:"
1++,./$1'$(" () 21"/. 1"2 )1$'&<
I%1$"5 :. :.#/(7. '&. !"#$%&' ()*( +)#$(, 182$."/.
'( (8, &(8*. () :(,*&$+<
=$"/.,.#35
M1,9 I< H3#.,5 E&D<
=*'(#"
H#()." :.().0 ?NHNJ O)$">)
3 .
F PN TMCR SG>S R GN TS
B GTPB G N E SGD >CUN B >SD
ODPEN PLDPR
Pdf f h d Vh kr n m $* D$,./'(, 1"2 B&(,.(%,1+&., () @.%4
%$. A$#*("RP$*' 1"2 F..# E.,)(,71"/. Q,(8+< F$* :(,9 2,1:* ),(7 /8#4
'8,.* () I),$/1"* $" '&. I7.,$/1* /(76$".2 :$'& +(*'47(2.," .#.7."'*
1"2 &$* (:" +.,*("1# 7(?.7."' *'3#. /,.1'$"% :&1' &. ()'." ,.).,* '( 1*
V+(*'4I),$/1"RS.(4F((D(( M(2.," 21"/.*<W F. &1* #./'8,.25 '18%&'
1"2 /("28/'.2 :(,9*&(+* 1"2 /(778"$'3 +,(-./'*5 1"2 &12 &$* :(,9
+,.*."'.2 "1'$("1##3 1"2 $"'.,"1'$("1##3< A$#*(" $* '&. ,./$+$."' () "84
7.,(8* 1:1,2*5 1 *.#./'$(" 1,. '&. M$"".*('1 D1"/. I##$1"/.`* M/C4
"$%&' S1'$("1# P.##(:*&$+ X4222 y4220Y5 4224 UPNNCP XH&. S.: b(,9
D1"/. 1"2 E.,)(,71"/. I:1,2Y5 4224 G(&" =$7(" Q8%%."&.$7 P.##(:5
4227 _"$'.2 ='1'.* I,'$*'* E,82."'$1# P.##(:5 4227 F.,6 I#+.,' I:1,2
$" D1"/.5 4204 D(,$* D89. E.,)(,7$"% I,'$*' I:1,2 1"2 A.*#.31" _"$4
?.,*$'30* B,.1'$?. B17+8* P.##(:5 4204 G(3/. P(8"21'$(" I:1,2 )(, M(4
*.*X.*Y< F$* /,$'$/1##3 1//#1$7.2 :(,9 TCZCRPY5 +,.7$.,.2 4203 XP,$"%.4
I,'* a A(,#2] UEa S.J'A1?. 4203 a YWTY< M(*' ,./."'#35 A$#*(" :1*
/8,1'(, () D1"*+1/. E,(-./'0* E*%>3%4 =0*(8#"/ ="*13%4 !"#$%&'D :0*>2%.''B
O)$">).'B *%& E#7%(#7% E*%>. XE#1')(,7 4201Y<
Eh r s Ymc Gddk Odpen plYmb d F pn to
$* 1 K,((9#3"461*.2 21"/. /(7+1"3 :&(*. 7$**$(" $* '( /,.1'.5 ,.*.1,/&5
2.?.#(+5 1"2 +,.*."' ".: +.,)(,71"/. :(,9 '&1' $"?.*'$%1'.* '&. $"'.,4
*./'$("* () /8#'8,. 1"2 7(?.7."' +,1/'$/.*< H&. B(7+1"30* 6(234()4
:(,9* 2,1: ),(7 '&. *+$,$'81# 1"2 78"21". ',12$'$("* () I),$/1 1"2 $'*
D$1*+(,1] P$*' 1"2 F..# 6.#$.?.* $" '&. +('."'$1# () '&. 6(23 1* 1 ?1#$2
7.1"* )(, 9"(:$"%<
H&. /&(,.(%,1+&3 () @.%%$. A$#*(" 2$*+#13* ,$%(,5 *',8/'8,. 1"2
/,1)' $" 1 +(*'7(2.," 21"/. ?.,"1/8#1,< F$* /&(,.(%,1+&3 .J+1"2* '&.
3 0
O".&3('
O".&3('
(*=*/$/*"&+ "! /'B/>""@ )'4&*/*"&+ "! o>($,@ )$&,'2 $&) #$&5' !#"= +/#*,/
21"/. +$./.* '( )8##5 1##4$"/#8*$?. +.,)(,71"/. 1,' +$./.* :$'& 1,,1"%.2
?(/1#$Z1'$("*5 '.J'5 1"2 $"/#8*$(" () ('&., 7.2$1< P$*' 1"2 F..#0* +.,4
)(,71"/. :(,9* *',$?. )(, 18'&."'$/$'3 1"2 ,.*+./' () @.%%$. A$#*("0*
/,.1'$?. ?$*$("<
H&. B(7+1"3 &1* ,./.$?.2 *8++(,' ),(7 71-(, )(8"21'$("* 1"2
/(,+(,1'$("* 1"2 &1* +.,)(,7.2 $" '&. _"$'.2 ='1'.* 1"2 16,(12 1' "(4
'16#. ?."8.* $"/#82$"% D1"/. H&.1'., A(,9*&(+5 S.: b(,9 ;$?. I,'*5
K,((9#3" I/12.73 () M8*$/5 –P8TEZ5 G(&" M$/&1.# C(&#., I,'* B."4
'.,5 b.,61 K8."1 B."'., )(, '&. I,'*5 G1/(60* E$##(: D1"/. P.*'$?1#5 1"2
P.*'$?1# C113 P.// $" =.".%1#<
':.." '&.(,3 1"2 +,1/'$/.< !" (8, :(,9 :. /&((*. '( /8#'$?1'. +,.*."/.5
719$"% 1 /(77$'7."' '( .7+1'&35 %.".,(*$'35 1"2 &(*+$'1#$'3< A. *..
'&$* 1* 1 +(#$'$/1# 1/'< B,.1'$"% ,$/&".**5 2.+'&5 1"2 7.1"$"% $" (8, #$?.*
1"2 :(,9 $* 1 :13 '&1' :. /1" .76,1/. .1/& ('&.,5 1"2 '8," 1:13 ),(7
'&. /(7+.'$'$?. "1'8,. () (8, /8#'8,.< %2"3-4"%5',4
F dplYh md Ds >kh Y $* 1 +.,)(,71"/. %,(8+ '&1' $"4
/(,+(,1'.* *9$##* $" +.,/8**$?.R'1+ 21"/.5 /&(,.(%,1+&35 ?(/1# 1"2 $"4
*',87."'1# $7+,(?$*1'$("5 /(7+(*$"%5 *("% :,$'$"%5 *'(,3'.##$"%5 1"2 *.'
2.*$%"< P(, !"#$%&' ()*( +)#$(,5 '&. %,(8+ $"/#82.* Q.,71$". !"%,175
B(,$"". C1,("5 N$/'(, S(,'&5 1"2 @(63" A1'*("<
E#.1*. *.. +1%. 69 )(, CYuh c Aph b j0* 6$(<
F PN TMCR SG>S R GN TS
OPN B DR R H N M ODPEN PLDPR
P(8"2.2 $" 42215 : eh cf ds< $* 1 +#1')(,7 )(, '&. /,.1'$?. 1"2
.J+.,$7."'1# +.,)(,71"/. :(,9* () M.%1" K,$2%. X/&(,.(%,1+&.,Y 1"2
G'/'# G#*,' L,"=%"+'#[C*)'" $#/F; 34)5'/62+ 8"#@ 0$+ /"-#') /0#"-504
(8' '&. KN 1"2 $"'.,"1'$("1##3 $" P,1"/.5 Q.,71"35 E(#1"25 =(8'& I)4
,$/15 K8#%1,$15 B(#(76$15 I8*',$15 1"2 =:$'Z.,#1"2< !" 42275 K,$2%.
$&) G#*,' "%'&') /0'4)5'/ +%$,'7 $ 8$#'0"-+' (*C'[8"#@ +%$,' $&) 'B4
+.,$7."'1# +.,)(,71"/. ?."8. $" C."*$"%'("5 E&$#12.#+&$1< B."',1# '(
34)5'/62+ =*++*"& *+ )',#'$+*&5 /0' )*+/$&,' >'/8''& $#/ $&) (*!'7 >'4
3 1
KdkY >h r gY I n mdr $* 1 7(?.7."' +.,)(,71"/. 1,'4
$*'5 1" $"'.,2$*/$+#$"1,3 /(##16(,1'(,5 1"2 '&. P(8"2., j D$,./'(, () ;.#1
I$*&1 G(".* j P#3Q,(8"2< =&. $* 1 +,(82 "1'$?. () H1##1&1**..5 DF 1"2
)..#* U8$'. )(,'8"1'. '( #$?. 1"2 /,.1'. $" E&$#12.#+&$15 &E< F., :(,9 $"'$4
71'.#3 $"'.,':$".* +.,*("1# 1"2 /(##./'$?. #$?.2 .J+.,$."/.* () 2$1*+(,$/
6#1/9".** 1* 1,/&$?.2 $" 1"2 .J/1?1'.2 ),(7 '&. 6(23 '&,(8%& 21"/.<
F., 7(?.7."' 71"$).*'1'$("* 1,. %,(8"2.2 $" "('$("* () 1 ',12$'$("1#
/("'$"887 1"2 &., /8,,."' 1,'$*'$/5 ,.*.1,/&5 .28/1'$("1#5 1"2 +.21%(%4
$/1# (,$."'1'$("* 1,. $"U8$,$.* $"'( .76(2$.2 ,.*'(,1'$?. 1/'$?$*75 1 2$1*4
+(,$/ "(712$/5 2$1*+(,$/ /$'$Z."*&$+5 .76(2$.2 7.7($,5 1"2 ,.?$?$"% '&.
6(23 '( '&,$?$"%5 '&,(8%& '.7+(,1# ,.#.1*.5 ,.*'(,1'$("5 1"2 ,.?$?1#< H&.
)*C'#+' ":'#*&5+ "! R'($ ?*+0$ A"&'+ p W(9m#"-&) $#' 5'&'#"-+(9 $&)
/("'$"81##3 *8++(,'.2 63 '&. I,'$*' $" @.*$2."/. +,(%,17 1' '&. B(74
78"$'3 >28/1'$(" B."'., 1"2 '&. !"/861'.2 I,'$*' E,(%,17 1' F.124
#("%< ;.#1 &1* .1,".2 1 K1/&.#(, () =/$."/. $" F.1#'& =/$."/. >28/1'$("
:$'& 1 /("/."',1'$(" $" B(778"$'3 F.1#'& ),(7 '&. _"$?.,*$'3 () P#(,$4
21 X4222Y5 1 M1*'., () P$". I,'* $" D1"/. ),(7 P#(,$21 ='1'. _"$?.,*$'3
X4226Y5 1"2 1 2(/'(,1# 2.%,.. ),(7 H.J1* A(71"0* _"$?.,*$'3 $" D1"/.
H&.(,3 1"2 E,1/'$/. X4201Y< =&. $* 1 4209 ;..:13 P(8"21'$(" H,1"*4
)(,71'$(" I:1,2..5 1 4203 E.: P.##(: $" '&. I,'*5 1"2 1 420p S.:
b(,9 D1"/. 1"2 E.,)(,71"/. I:1,2 R K.**$. S(7$"..<
>klYmYb CYmb d B h pb tr SgdYspd $* 1
K1,,37(,. I:1,24:$""$"%5 /(##16(,1'$?. +.,)(,7$"% 1,'* ."*.76#.5 )8*4
$"% 1/,(61'$/*5 *'(,3'.##$"%5 1"2 21"/.< P(8"2.2 $" 4205 63 S$/9 Q$##.''.
1"2 K." Q,$"6.,%5 '&.3 +,(28/. (,$%$"1#5 182$."/.4$"*+$,$"% :(,9* ()
%.",.42.)3$"% &.1,'5 :&$#. 1#*( +,(?$2$"% ',1$"$"% '( #(/1# 1"2 $"'.,"14
/*"&$( $#/*+/+ $&) ,"==-&*/9 5#"-%+; ]C'# /0' ($+/ 4C' 9'$#+7 ?(=$&$,
3 2
O".&3('
O".&3('
&1* +,(28/.2 00 !-((O('&5/0 +0"8+ $&) =9#*$) +*/'O+%',*4, 8"#@+7 8*/0
/"-#+ /" `` +/$/'+7 P'B*,"7 $&) S$&$)$; W-((O('&5/0 %#")-,/*"&+ *&,(-)'
WNWN H##%43"0 X4201 5 S"#%(."*' X420pY5 JC30. g\`` X4203Y5 R.*K' #8 S*3()
*%& T()." H3'(*2.' X4209)420pY5 ;). S0..>3%4 X4209Y5 634)(8*00 X4206Y5 1"2
O#//$%3(*' X4206Y< H&.$, :(,9 &1* 6.." +,.*."'.2 635 17("% ('&.,*5
P,$"%.I,'*5 H,$"$'3 @.+5 B(#%1'. _"$?.,*$'35 '&. YWK =9$,61## B."'.,5
K.1,"*'(:5 E$% !,(" H&.1',. B(7+1"35 B$,/8* S(:\5 '&. P.*'$?1# !"'.,4
"1/$("1# 2. D1"Z1 B("'.7+(,1".1 2. ;1 B8$212 2. M.J$/(5 1"2 S.:
b(,9 ;$?. I,'*5 $"/#82$"% 1* *+./$1# %8.*'* () K$## Z-G(".* :$'& '&. K$## ZG(".*RI,"$. h1". D1"/. B(7+1"3 1' '&. YWFE Q1#1 X4206 < I#71"1/
:1* *.#./'.2 1* 1 4205,4206 P,.*& H,1/9* 1,'$*' 1' S.: b(,9 ;$?. I,'*5
8$+ /0' 4#+/ #'+*)'&/ ,"=%$&9 $/ /0' G0*($)'(%0*$ D,0""( "! S*#,-+ ?#/+7
1"2 *.,?.2 1* B&,$*'$1" I G(&"*(" I,'$*'*4$"4,.*$2."/. 1' B(#%1'. _"$4
?.,*$'3< I#71"1/ .1,".2 1 =8,131 I:1,2 )(, 1" .?(#?$"% '&.1',. /(7+14
"3 $" 420p 1"2 1 K1,,37(,. I:1,2 )(, '&.$, *&(: R.*K' #8 S*3() *%& T()."
H3'(*2.' $" 4201< !" M135 I#71"1/ ,.7(8"'* '&.$, $"18%8,1# +,(28/4
'$(" $" O#//$%3(*'D S3A. V.*"' R*(."< A$'& ("#3 )(8, +.,)(,7.,* 1"2 1 #$?.
78*$/$1"5 B(778"$'1* ."?$*$("* 1" 8"*',8/'8,.2 *(/$.'3 :&.,. &871"*
1,. .U81#< !" G8".5 I#71"1/ ,.7(8"'* hThT H##%43"0 >'!"#' /0'*# 4#+/
>8,(+.1" '(8, '( >2$"68,%&< H##%43"0 $* 1" 18'(6$(%,1+&$/1##34$"*+$,.2
/$,/8* )1"'1*$1 )(, '&. 8"2.,2(%*5 '&. 8"2.,&.1,25 1"2 '&. $7+,(616#.<
().*0/*%*>N$'
E,(-./'*5 K(:.,6$,25 H&$,26$,25 1"2 !/.6(J E,(-./' =+1/.5 '&,(8%&(8'
'&. KN5 1"2 $" B1"1215 Q.,71"35 1"2 E(#1"2< F., ,.*.1,/& &1* 6.."
*8++(,'.2 63 %,1"'* ),(7 '&. E.: B."'., )(, I,'* O F.,$'1%.5 '&. !"4
2.+."2."/. P(8"21'$("5 1"2 '&. E(#$*& B8#'8,1# !"*'$'8'. 1"2 '&,(8%&
,.*$2."/$.* :$'& I,' ='1'$("* P(8"21'$(" 1"2 D1"/.719.,* B."',. )(,
B,.1'$("< =&. '.1/&.* 1' _"$?.,*$'3 () '&. I,'* 1"2 $* /,.1'$?. /(42$,./4
'(, () H&. A&(#. =&.61"%5 1" $"'.,2$*/$+#$"1,3 1,'* *+1/. 1"2 *'82$( $"
=(8'& E&$#12.#+&$1 '&1' &(*'* :(,9*&(+* 1"2 /#1**.* 1"2 +,(?$2.* *'82$(
#'&/$( /" $#/*+/+ $/ $:"#)$>(' #$/'+;
Ldf En kdw $* 1 E&$#12.#+&$1461*.2 +.,)(,7.,5 /&(,.(%,14
+&.,5 1"2 2$,./'(, () 7(?$"% +1,'*5 '&. "17. *&. 1*/,$6.* '( &., ?1,$(8*
21"/.4 1"2 +.,)(,71"/.461*.2 1/'$("* '&1' .J+#(,. '&. 71'.,$1#$'3 ()
21"/. 1"2 +&3*$/1# $2."'$'3 1* )(,7< P(, '&. +1*' *.?." 3.1,* P(#.3 &1*
6.." ,.*.1,/&$"% $7+,(?$*1'$("1# +,1/'$/.* 1"2 .76(2$7."' ),17.* '&1'
."%1%. :$'& 7.1"$"%4719$"% '&,(8%& +,1/'$/.2 1''."'$("5 21"/.2 1)4
4#=$/*"&7 'B%$&+*"&7 $&) #'($/*"&$(*/9 $&) $ ,"&,'#& !"# /0' $,/*"& "!
2./$*$(" 1"2 ."%1%.7."' 1* )(,7<
P(#.30* :(,9 &1* 6.." +,.*."'.2 #(/1##3 63 '&. E&$#12.#+&$1 P,$"%.4
I,'* P.*'$?1#5 N(J E(+8#$ Q1##.,35 M((,. B(##.%. () I,' O D.*$%"5 E$#('
3 3
>CUH R N PR SN SGD
B TP>SN P
CYuh c Aph b j /(##16(,1'.* 6,(12#3 $" /,.1'$"% +.,)(,71"/.5
+1,'$/$+1'(,3 $"*'1##1'$("* 1"2 /(778"$'3< F. $* B(4D$,./'(, () F.124
#("%4 1 +#1')(,7 )(, +.,)(,71"/. 1"2 1,' ,.*.1,/& 61*.2 $" E&$#12.#+&$1]
1"2 D$,./'(, () '&. F.12#("% E.,)(,71"/. !"*'$'8'.5 1" $77.,*$?. ',1$"4
$"% +,(%,17 )(, /,.1'$"% .J+.,$7."'1# +.,)(,71"/.< F$* ,./."' +,(-./'5
;). i$3.( O3">$' X().j$3.(>3">$'N>#/^@0#4Y :1* 1 :..9#3 +86#$/ +.,)(,71"/.
'&1' '((9 +#1/. (" '&. A1*&$"%'(" I?."8. E$., 1#("% '&. D.#1:1,. @$?4
., $" =(8'& E&$#12.#+&$1 (?., '&. /(8,*. () 1 3.1,5 /(##16(,1'$"% :$'& 1,'
1"2 *(/$1# +,1/'$/. /8,1'(, M1,3 G1". G1/(6 1"2 ?$*81# 2.*$%"., M1$9(
M1'*8*&$71] 1#("% :$'& 1 *1'.##$'. *.,$.* () +1,'$/$+1'(,3 +.,)(,71"/.
1"2 2$*/8**$(" .?."'* /1##.2 93A." O)*"".((.' :(,9$"% :$'& E&$#12.#+&$1
B("'.7+(,1,3< F. $* /8,,."'#3 :(,9$"% :$'& 21"/. 1,'$*' >$9( L'19. ("
&., D8.' E,(-./'d E3'(*%>. 3' H*00.*@0. 1"2 M$17$461*.2 /&(,.(%,1+&.,
@(*$. F.,,.,1<
F dplYh md H mf pYl $* 1 -1ZZ '1+ 21"/.,5 /&(,.(%,14
+&.,5 *("% :,$'.,5 ?(/1# 1"2 21"/. $7+,(?$*.,5 1"2 /8#'8,1# *',1'.%$*'<
H&,(8%& /&(,.(%,1+&35 78*$/ /(7+(*$'$("5 +.,)(,71"/.5 :,$'$"%5 +,(4
3 4
O".&3('
O".&3('
28/'$("5 (,1# &$*'(,3 +,(-./'*5 1"2 2.*$%"$"% 1"2 #.12$"% 1,'$*' #.1,"$"%
."?$,("7."'*5 *&. .J+#(,.* '&.7.* '$.2 '( &$*'(,35 /(##./'$?. 7.7(,35 1"2
*(/$1# -8*'$/.< F., :(,9 /&1"".#* *'3#.* 1"2 ',12$'$("* *&. #.1,".2 ),(7
1"2 +.,)(,7.2 :$'& #.%."21,3 E&$#12.#+&$1 &(()., ;1N18%&" @(6$"*("
X074p,4221Y5 &., '.1/&.,5 7."'(,5 1"2 +.,)(,71"/. +1,'"., )(, 7(,.
'&1" 49 3.1,*< !" 122$'$(" '( 2.*$%"$"% 1"2 +.,)(,7$"% &., (:" +,(-./'*5
*&. /(##16(,1'.* :$'& 78*$/$1"* 1"2 7(?.7."' 1,'$*'* () 2$?.,*. *'3#.*
1"2 %.",.< F., /8,,."' +,(-./'* $"/#82. 1" .J+#(,1'$(" () '&. .?(#8'$("
() b(,8614,(('.2 +.,)(,71'$?. +,1/'$/. $" E&$#12.#+&$1 ),(7 '&. 7$24
42'& B."'8,3 '( '&. +,.*."'] 1 +.,)(,71'$?. .J+#(,1'$(" () '&. *(/$1# 1"2
/8#'8,1# ."?$,("7."'1# )1/'(,* '&1' +,(28/.2 1" V$"*+$,.2 /$,/#.W () -1ZZ
$""(?1'(,*5 $"/#82$"% G(&" B(#',1".5 L2.1" E(+.5 G37$. M.,,$''5 @.%%$.
A(,971"5 =&$,#.3 =/(''5 K.""3 Q(#*("5 1"2 ('&.,*5 $" S(,'& E&$#12.#4
+&$1 ),(7 '&. 0792* '( 07p2*] 1"2 +1,'$/$+1'$(" $" 68$#2$"% 1 %#(61#
*&!#$+/#-,/-#' /" +-%%"#/ /0' 4'() "! $#/7 ,-(/-#' $&) ,"&.*,/ /#$&+!"#=$4
'$("< K.)(,. +8,*8$"% 1" 1,'* +,1/'$/. )8##4'$7.5 *&. &12 1 5243.1, /1,..,
$" '&. #1:<
XE"*/*($"4.Y >ph dkkd I tkh Y Apn vm $* 1 2,1714
'8,%.5 /,.1'$?. +,(28/., 1"2 *(/$1# +,1/'$/. 1,'$*'< >7.,%$"% ),(7 &.,
:(,9 1"2 ,.*.1,/& 1,(8"2 _<=< *#1?.,35 ,1/$1# '.,,(, 1"2 -8*'$/.5 I,$.##. $*
/(77$''.2 '( *8++(,'$"% 1"2 /,.1'$"% K#1/9 +.,)(,71"/. :(,9 '&1' /(74
71"2* $71%$"1'$?. 1"2 71'.,$1# *+1/. )(, *(/$1# ',1"*)(,71'$("< =(7.
,./."' 2,171'8,%3 +,(-./'* $"/#82. :(,9 (" H,1"*1'#1"'$/ B("?.,*1'$("*
>9 N'>"#$0 ?+**=8' $/ G"="&$ S"(('5' Ld_`kF $&) W'##9 /" /0' E+(' "!
K*50/ >9 Y(* q*B"& $/ M#"8&[<#*&*/9 Q'% Ld_`jF7 D$(/G'%%'#H'/,0-%
>9 A"+0 K*()'# $/ E&/'#?S< <0'$/#' Ld_`cF; ?#*'((' *+ $(+" /0' ,"&C'&'#
"! /0' S-(/-#$((9 D%',*4, N#$=$/-#59 R$> Ld_`cO G#'+'&/F $/ /0' G'&&
M8*.87< I,$.##. $* '&. /,.1'$?. +,(28/., () K#1/9 =+1'$1# @.#$/*5 1 ".:
+.,)(,71"/. ,.*$2."/3 16(8' *#1?.,35 -8*'$/. 1"2 ),..2(7< I,$.##. $* 1
,"O,#'$/*C' %#")-,'# "& Q'='=>'#d_`h7 $ %'#!"#=$&,' $&) #'+*)'&,9
+,(-./' 61*.2 $" E&$##$+* B(8"'35 I,91"*1*< I,$.##.0* :(,9 1"2 :,$'$"% ("
K#1/9 +(#$'$/1# +.,)(,71"/. &1* 6.." +86#$*&.2 $" '&. 1"'&(#(%3 @.?(4
#8'$("1,3 M('&.,$"%d ;(?. (" '&. P,("'#$".*5 I@H=<K;IBC 1"2 E86#$/
I,' D$1#(%8. 17("% ('&.,*< I,$.##. *.,?.* 1* 6('& '&. E86#$/ E,(%,17*
D.?.#(+., 1' '&. E."" M8*.87 1* :.## 1* '&. B8#'8,1# E#1""$"% B("*8#4
'1"' )(, '&. E."" 1"2 =#1?.,3 E,(-./' 1' '&. _"$?.,*$'3 () E.""*3#?1"$1<
?#*'((' *+ $ d_`h P"&-='&/ R$> q$/*"&$( W'(("8; D0' #','*C') 0'# M;?;
!#"= G"="&$ S"(('5' $&) 8$+ /0' d_`kOd_`j 5#$)-$/' !'(("8 8*/0 /0'
B."'., )(, '&. ='823 () =#1?.,3 1"2 G8*'$/. 1' K,(:" _"$?.,*$'3 :&.,.
*&. ,./.$?.2 1" M<I< $" E86#$/ F871"$'$.*<
OPN CTB SH N M
XO#MK"#&$>."Y Jdppw Ah b jen pc $* E&$#12.#+&$1 B("'.74
+(,1,30* D$,./'(, () E,(%,17*< I' E&$#12.#+&$1 B("'.7+(,1,3 *&. &1*
/(4/8,1'.2 ?%* c3d>*""* 9*%23%D (3/.^'>*0. 1"2 J&7*"& :$"(1%'21D H.4*".M
'#$">.'B 1"2 &1* 71"1%.2 '&. +,(28/'$(" 1"2 $"*'1##1'$(" () X*%. I"3')D
?%(3K#&.'5 +(.00*" H*''.'5 1"2 S.'(3A*0 8#" (). =.#K0.5 17("% ('&., +,(-./'*<
K.)(,. &., '$7. 1' E&$#12.#+&$1 B("'.7+(,1,3 *&. :(,9.2 1' '&. A$#4
#$17* B(##.%. M8*.87 () I,'5 :&.,. *&. /(4/8,1'.2 ?>>.''3#% k5 1"2 1'
'&. E.""*3#?1"$1 I/12.73 () '&. P$". I,'* :&.,. *&. &.#+.2 '( +,(28/.
J32#D ? :#&1 3% =0*>.' $" 52'& =',..' ='1'$("5 1* :.## 1* G*7'l=?S? 1"2
:.1#%& (). =*3%(D =)30*&.0K)3*Q' H$"*0 ?"('N =&. &1* 1" aE ),(7 '&. A$##$17*
B(##.%. Q,1281'. E,(%,17 $" '&. F$*'(,3 () I,' 1"2 1 UE $" >"%#$*& 1"2
I,' F$*'(,3 ),(7 S(,'&:.*'.," _"$?.,*$'3<
3 5
XO#MK"#&$>."Y JYpdm Ch Kn r r h .1,".2 &., 2.%,..* ),(7
A1*&$"%'(" B(##.%. 1"2 N$##1"(?1 _"$?.,*$'3< C1,." &1* :(,9.2 +,(4
).**$("1##3 $" '&.1',. *$"/. 4222 >"/0 "&+/$5' $&) ": $&) 0$+ $,0*'C')
+1,'$/8#1, *8//.** 1* *'1%. 71"1%.,5 2$,./'(,5 1"2 +,(28/.,< I* 1 2$,./'(,5
*&. &1* '1/9#.2 /#1**$/* X6+,%71" 8 69":/%2 ;&42%Y 1"2 /("'.7+(,1,3 +$./.*
XX$/K^O$(5 =#$%&3%4 6*30' 3% (). S0##" 73() /1 S#".).*&Y 1* :.## 71"3 (,$%$"1#
".: :(,9* 1* B(4I,'$*'$/ D$,./'(, )(, M12&(8*. H&.1'., B(7+1"3< =&.
:1* '&. E,(%,17 D$,./'(, )(, '&. H&.1',. I##$1"/. )(, 1 3.1,* :&.,. *&.
+,(28/.2 '&. K1,,37(,. I:1,2* 71"3 '$7.* 1"2 2$,./'.2 '&.7 &.,*.#)
36
O".&3('
O".&3('
':$/.< I* D$,./'(, () I,'* $" =1/,.2 E#1/.*5 *&. &1* 68$#' 1"2 6,(8%&' '(
1 "1'$("1# *'1%. 1 +,(%,17 '&1' /(""./'* 1,'$*'* 1"2 /("%,.%1'$("* 1"2
$(+" '&5$5'+ =-(/*%(' ,*C*,7 &"&%#"4/7 $&) !-&)'# +/$@'0"()'#+; D0' 0$+
6.." 1 %8.*' :,$'., (" '&. *86-./' $" *.?.,1# +86#$/1'$("*< L?., '&. +1*'
.$%&' 3.1,*5 *&. &1* .J+1"2.2 '&$* (,$%$"1##3 E&$#12.#+&$1461*.2 +,(%,17
$"'( B&$/1%(5 I8*'$"5 1"2 K1#'$7(,.< ='1,'$"% $" '&. *877., () 42075
C1,." :$## 6.%$" +$#('$"% '&. +,(%,17 $" S.: b(,9 B$'3< C1,." 1#*( #.2
'&. ,.*.1,/& ,.+(,' O".*(3%4 +K*>.' :&$/& .#.?1'.2 '&. 1,'$*' *+1/. /,$*$*
/("?.,*1'$(" "1'$(":$2.<
$(" E#13.,* 1' ;(:., M.,$(" F$%& =/&((# 1"2 '&. E,(%,177$"% 1"2
L+.,1'$("* M1"1%., () H&. E&$#12.#+&$1 D.*$%" B."'., 1"2 1 4201
K1,,37(,. S(7$".. )(, L8'*'1"2$"% ;$%&'$"% D.*$%"<
XO$"*(#"3*0 ?&A3'#"Y I tcw Gtr r h d, SYwkn p &1* *.,?.2
1* >J./8'$?. D$,./'(, O B&$.) B8,1'(, () D1"*+1/. E,(-./' X8N&Y *$"/.
4221< =&. $"$'$1'.2 1"2 $* 1,'$*'$/ 2$,./'(, () 8N&0* E#1')(,7 *.,$.* 4202
,4201 1"2 $* .2$'(,4$"4/&$.) () 8N&`* /1'1#(%8. *.,$.*< =&. /8,1'.2 =0*(M
8#"/ 1 01D X$&'#% ANP 1"2 /(4/8,1'.2 =0*(8#"/ 1 02D ? :#&1 I% =0*>.'
).1'8,$"% >$9( L'19.< =&. $* 1 )(8"2$"% )1/8#'3 7.76., 1"2 12?$*(, '(
'&. !"*'$'8'. )(, B8,1'(,$1# E,1/'$/. $" E.,)(,71"/. 1' A.*#.31" _"$?.,4
*$'3 1"2 :1* 1++($"'.2 B&.?1#$., 2. #`L,2,. 2.* I,'* .' 2.* ;.'',.* 63
'&. P,."/& Q(?.,"7."' $" 4206 1"2 1 420p K.**$. S.: b(,9 D1"/. O
G'#!"#=$&,' ?8$#)7 /0' 4#+/ 'C'# $8$#)') /" $ ,-#$/"#;
B n r stldr
S1'1#$1 2. #1 H(,,.
A$=*' m#$,'ON-:
R n tmc
H(63 E.''$'
R sYf d LYmYf dldms
G8#$1 K,3/9
S(,1& =/&.$"71"
@1?." K8/9
B&,$*'(+&., C861'
Q#3""$* S12.# XS3'( *%& Y..0 9.'3&.%>1 *%& =."8#"/*%>.'Y
Kh f gsh mf
G(-( Q#(2.9
X="#&$>(3#% H*%*4."Y Pn ah m R sYldw $* 1 +,(28/'$(" 71"1%4
.,5 #$%&'$"% 2.*$%".,5 +,(28/.,5 1"2 .28/1'(, 61*.2 $" E&$#12.#+&$1< A$'&
1 61/9%,(8"2 $" *'1%. 71"1%.7."'5 *'1%. /,1)'*5 +,(%,17 1"2 .?."'
71"1%.7."'5 ='17.30* :(,9 $" 1"2 (8' () E&$#12.#+&$1 )(/8*.* (" *8+4
+(,'$"% 1,'$*'* 1"2 *'.:1,2$"% 1## +1,'* () '&. /,.1'$?. 1"2 +,(28/'$("
+,(/.**< I %,1281'. :$'& 2.+1,'7."'1# &("(,* ),(7 I,/12$1 _"$?.,*$'35
*&. &1* '(8,.2 :$'& +,(28/'$("* '( '&. >2$"68,%& P,$"%. P.*'$?1#5 '&. !"4
'.,"1'$("1# P.*'$?1# () B("'.7+(,1,3 D1"/. () M.J$/( B$'35 '&. Q.,1#2
P(,2 M8*.875 '&. S.: b(,9 F$*'(,$/1# =(/$.'35 1"2 ?1,$(8* ('&., /$'$.*
1"2 '(:"* '&,(8%&(8' '&. _"$'.2 ='1'.*< =&. :1* '&. H&.1',. E,(%,17*
M1"1%., 1' '&. S1'$("1# B("*'$'8'$(" B."'., :&.,. *&. 71"1%.2 R3A3%4
6.7'5 1 +.,)(,71"/. %.1,.2 '(:1,2* 9'& a 04'& %,12. *'82."'* 16(8' /8,4
,."' /("*'$'8'$("1# $**8.*< =&. $* "(: 1 './&"$/1# /(1/& () ;(:., M.,4
Cdan pYg >- Sgn lYr $* '&. –< G.1" K,(:"#.. E,().*4
*(, () I"'&,(+(#(%35 1"2 '&. D$,./'(, () '&. B."'., )(, >J+.,$7."'1#
>'&"(%,1+&3 1' '&. _"$?.,*$'3 () E.""*3#?1"$1< =&. $* '&. 18'&(, () JCM
>.K(3#%*0 c3#0.%>.D J/@#&3.& O3(3d.%')3K 3% ;"*%'%*(3#%*0 X*/*3>* 1"2 H#&."%
:0*>2%.''D 6*(3#%*03'/B !0#@*03d*(3#%B *%& ;). =#03(3>' #8 O$0($". 3% X*/*3>*5
1"2 $* /(4.2$'(, () '&. ?(#87. !0#@*03d*(3#% *%& 9*>.D ;"*%'8#"/*(3#%' 3%
(). O$0($"*0 ="#&$>(3#% #8 :0*>2%.''< F., ".: 6((95 =#03(3>*0 R38. 3% (). F*2.
#8 (). =0*%(*(3#%5 :$## 6. +86#$*&.2 $" L/'(6., 63 D89. _"$?.,*$'3 E,.**<
3 7
3 8
UH CDN CN B TLDMS>SH N M
O".&3('
O".&3('
<0"=$+ ,"O)*#',/') $&) ,"O%#")-,') /0' )",-='&/$#9 4(=+ :*& S"3&*1D
9*'(*8*"3 *8(." O#"*0 !*"&.%'5 1"2 S#$" E*1' 3% H*15 1"2 '&. .J+.,$7."4
/$( +0"#/ 4(=7 S#$" E*1' 3% F.'( G3%4'(#%< =&. $* 1#*( '&. /(4/8,1'(, ()
1 78#'$47.2$1 $"*'1##1'$(" '$'#.2 :.*"3%4 F3(%.''D S#$" E*1' 3% F.'( G3%4'M
(#%5 :&$/& (+.".2 1' '&. E."" M8*.87 $" S(?.76., 420p< H&(71*
$* '&. >2$'(,4$"4B&$.) () ?/."3>*% ?%()"#K#0#43'(7 /0' .$5+0*% 1"-#&$( "!
'&. I7.,$/1" I"'&,(+(#(%$/1# I**(/$1'$("< E,$(, '( H&(71*0* #$). 1* 1"
1/12.7$/5 *&. :1* 1 +,().**$("1# 21"/., :$'& '&. S.: b(,9461*.2 _,61"
K8*& A(7."<
B N KKDB SH UD
Cdd >r YYg *+ $ 4(==$@'# $&) $ G0N +/-)'&/ *& /0' R*/'#$,97
B8#'8,.5 1"2 !"'.,"1'$("1# >28/1'$(" D$?$*$(" 1' '&. Q,1281'. =/&((#
() >28/1'$("5 _"$?.,*$'3 () E.""*3#?1"$15 1#*( *'823$"% *(/$1#5 /(%"$'$?.5
$&) $:',/*C' &'-#"+,*'&,' $/ rG'&&2+ S'&/'# !"# q'-#"+,*'&,' $&) D"4
,*'/9; \*+ #'+'$#,0 *&/'#'+/+ +/#$))(' =-(/*=")$( +/"#9/'((*&5 L4(==$@*&57
/,.1'$?. :,$'$"%5 '&.1',. 1,'*Y] 78#'$#$'.,1/$.*] $"'.,"1'$("1# .28/1'$("1#
2.?.#(+7."'] 1"2 '&. ".8,(*/$."/. () #.1,"$"%R2.?.#(+7."'< E1,' ()
D,< Q.,1#2 B17+1"(0* ,.*.1,/& '.17 1' _E.""5 D.. #.12* '&. +,(28/4
/*"& "! $ ,"(($>"#$/*C'(9O=$)' 4(= )",-='&/*&5 /0' =-(/*O9'$# %$#/&'#4
*&$+ 6.':.." _E."" 1"2 78#'$.'&"$/ /(778"$'$.* 1' '&. ='< H&(71*
IU8$"1* E1,$*&5 =(8'& E&$#12.#+&$1< F. $* /(42$,./'(, () '&. B(##./'$?.
!"# ?)C$&,*&5 P-(/*=')*$ Q'+'$#,0 ?#/+ $/ rG'&&7 ('$)*&5 /0' 4(= ')4
8/1'$(" 2$?$*$("5 TEa–E ;16*<
D.. (6'1$".2 &$* 71*'.,`* $" ;$'.,1'8,. 1"2 B,.1'$?. A,$'$"% ),(7
F1,?1,25 :&.,. &. *'82$.2 */,..":,$'$"% )(, +,(28/'$(" 8"2., =8*1"
='.$"6.,%< F. *'82$.2 E.,)(,7$"% I,'* $" B17.,(("] M(2.," Q,..9 #1"4
5-$5' $&) <0'$/#' ?#/+ *& m#'','T $&) 4(= ')*/*&5 $/ /0' q'8 X"#@ W*(=
?,$)'=97 \"((98"")7 S$(*!"#&*$; K"#@*&5 *& /0' 4(= *&)-+/#9 *& S$(*4
!"#&*$ $&) <'B$+7 0' !"-&)')[=$&$5') $ 4(= %#")-,/*"& ,"=%$&9 $&)
/(4(:".2 1"('&.,< D.. $* '&. /(4)(8"2., () >28/1'. 1 B&$#2 $" I),$/15 1
S$='#""&O0'$)I-$#/'#') &"&%#"4/ 0' #'%#'+'&/+ $/ /0' r&*/') q$/*"&+
>/("(7$/ 1"2 =(/$1# B(8"/$#<
4.
>B JMN VKDCF LDMSR
V
's) (*@' /" /0$&@ Q'55*' K*(+"&7 4#+/ $&) !"#'="+/7 !"# 0*+
/1,.)8# '&(8%&' $" /8,1'$"% [ 1"2 /&(,.(%,1+&$"% [ '&$*
+,(-./'5 &$* %8$2$"% &1"25 1"2 &$* *."*. () &87(,< !'`* 6.." 1 -(3 1"2 1
+,$?$#.%. '( :(,9 '&,(8%& '&$* +,(/.** :$'& &$7 (?., '&. #1*' ':( 3.1,*<
L8, '&1"9* '( G823 F8**$.4H13#(,5 >J./8'$?. D$,./'(, () D1"*+1/.5 )(,
&., %.".,(*$'3 1* 1" 12?$*(,5 1"2 &., :$##$"%".** '( *8++(,' @.%%$.`*
N$&+%$,' G($/!"#= $+ */ 4&)+ $ &'8 (*!' *& G0*($)'(%0*$; P$&97 =$&9
'&1"9* '( H&. E.: B."'., )(, I,'* O F.,$'1%. )(, '&.$, *8++(,' () '&$*
+,(-./'5 1"2 16(?. 1## )(, $"',(28/$"% 8* '( C1,." D$;(**$ 1' E1,'".,* )(,
=1/,.2 E#1/.*5 :&( &1* 6.." 1" $"?1#816#. +,(-./' #.12., 1"2 +1,'".,
(?., '&. /(8,*. () '&. +1*' ':( 3.1,*< H&1"9 3(8 1#*( '( =$7(" C18)71"
1' E1,'".,* )(, 1## &$* 1**$*'1"/. $" /((,2$"1'$"% '&$* +,(-./'<
A. 1,. 1## 2..+#3 %,1'.)8# '( '&. #.12.,*&$+ 1"2 /("%,.%1'$("* ()
B&8,/& () '&. I2?(/1'.5 M('&., K.'&.# E-a-P B&8,/&5 L#2 E$". =',..'
B&8,/&5 1"2 ='< E.'.,`* >+$*/(+1# B&8,/& )(, '&.$, 2..+ %.".,(*$'3 1"2
*."*. () $"/#8*$("< !' &1* 6.." 1 ,1,. &("(, '( 6. 16#. '( :(,9 $" '&.*.
6.18'$)8# 68$#2$"%*5 1"25 7(,. $7+(,'1"'#35 17("%*' '&.*. 6.18'$)8# /(74
78"$'$.*<
A.`2 #$9. '( '&1"9 '&. ,.*' () '&. !"#$%&' ()*( +)#$(, +,(28/'$(" '.175
$"/#82$"% D,171'8,%. I,$.##. G8#$1 K,(:" 1"2 E,(28/'$(" M1"1%.,
@(6$" ='17.3< A.`?. 6.." #8/93 '( &1?. '&. +,(28/'$(" +,(/.** 2(/84
7."'.2 63 *'82."'* ),(7 '&. B."'., )(, >J+.,$7."'1# >'&"(%,1+&3 1'
'&. _"$?.,*$'3 () E.""*3#?1"$1] (8, '&1"9* '( D.6(,1& E< H&(71* 1"2
D.. I*11& )(, 1## '&.$, :(,9 (" 719$"% '&$* +(**$6#.< H&1"9 3(8 '( Q.,4
71$". !"%,17 1"2 D1?$2 K,$/9 )(, 12?$*$"% @.%%$. X1"2 1## () 8*Y (" &(:
'( +,.*."' '&$* +,(28/'$(" $" 1 :13 '&1' $* '&(8%&')8# 1"2 $7+1/')8#<
I' E&$#12.#+&$1 B("'.7+(,1,3 :. 1,. %,1'.)8# '( S1'( H&(7+*("
)(, &$* :$*2(7 ,.%1,2$"% 1,' $" +86#$/ *+1/.*< L8, *+./$1# '&1"9* '( C.,4
,3 K$/9)(,25 :$'&(8' :&(*. '$,.#.**".**5 %((2 /&..,5 1"2 $"'.##$%."/. :.
40
O".&3('
/(8#2 "(' &1?. 2(". '&$* +,(-./'<
R$+/(97 "-# %#"!"-&) 5#$/*/-)' /" D$= P*(('#7 80" 4#+/ +-55'+/')
'&1' D1"*+1/. 1"2 E&$#12.#+&$1 B("'.7+(,1,3 :(,9 '(%.'&.,5 1"2 '&1'
@.%%$. :(8#2 6. '&. $2.1# 1,'$*' '( :(,9 :$'&< =12#35 =17 +1**.2 1:13
#1*' 3.1,5 1"2 $* 2..+#3 7$**.2 63 1## () 8* [ 1' D1"*+1/.5 :&.,. &. :1*
1 K(1,2 7.76.,5 1"2 1' E&$#12.#+&$1 B("'.7+(,1,35 :&(*. /("/.+'
1"2 7$**$(" &. +,()(8"2#3 $7+1/'.2< A. '19. /(7)(,' $" 9"(:$"% '&1'5
*(7.&(:5 =17 $* :1'/&$"% 1"2 ."-(3$"% '&.*. +.,)(,71"/.*<
F1,,3 E&$#6,$/9
=)30*&.0K)3* O#%(./K#"*"1
=+./$1# '&1"9* '( c81"..*&1 =8##$?1" 1"2 L#$?$1 F1"*6.,,3 :&(*.
+,.*."/. $" ,.&.1,*1# :1* $"?1#816#. '( '&$* +,(-./'<
34)5'/6
H&1"9 3(8 '( 1## '&. )(#9* ),(7 E&$#12.#+&$1 B("'.7+(,1,35 E1,'".,*
)(, =1/,.2 =+1/.*5 1"2 L#2 E$". =',..' E,.*63'.,$1" B&8,/&< I#*( %,1'4
$'82. '( @.%%$. A$#*(" )(, '&. (++(,'8"$'3 1* :.## 1* S$1 ;(?.5 I,$.##.
G8#$1 K,(:"5 1"2 @(6$" ='17.3 )(, '&.$, :(,9 '(:1,2* '&. ?$*$(" () '&$*
+(,'$(" () '&. +,(/.**$("<
;.#1 I$*&1 G(".*
H&1"9 3(8 '( '&. 21"/.,* () >J1#' 1"2 E,1$*. )(, '&. '$7. 1"2 /1"2$2
/("?.,*1'$("5 1"2 '( M* @&(2.*$1 Q,.." )(, 6,$"%$"% '&. %,(8+ '(%.'&4
., )(, '&$* +,(-./'<
H1"$1 !*11/
41
OYpsmdpr en p R Yb pdc OkYb dr 5 )(8"2.2
$" 07177 *+ /0' "&(9 &$/*"&$(7 &"&O+',/$#*$&7 &"&%#"4/ "#5$&*J$/*"& !"4
/8*.2 (" 68$#2$"% '&. /1+1/$'3 () /("%,.%1'$("* () &$*'(,$/ *1/,.2 +#1/.*
'( 6.''., *.,?. '&.$, /(778"$'$.* 1* 1"/&(, $"*'$'8'$("*5 "8,'8,$"% ',1"*4
)(,71'$("5 1"2 *&1+$"% ?$6,1"'5 /,.1'$?. /(778"$'$.*<
Ogh kYcdkogh Y B n msdlon pYpw +,.*4
."'* /("'.7+(,1,3 1,' '&,(8%& 1 23"17$/ 7(2.# () /(##16(,1'$(" 1"2
+1,'".,*&$+< =$"/. 42037 8' 0$C' ":'#') $ #">-+/ %#"5#$= "! %"%O-%
.J&$6$'$("* 1"2 +.,)(,71"/.* 1/,(** '&. E&$#12.#+&$1 1,.1 $" /(##16(,14
'$(" :$'& ?1,$(8* +1,'"., (,%1"$Z1'$("*5 :&$#. :(,9$"% '(:1,2* 68$#2$"%
1 ".: +.,71"."' &(7.< L8, )8'8,. 68$#2$"% 2.*$%".2 63 G(&"*'(" M1,4
9#.. :$## 6. 1" $"2.+."2."'5 ),..*'1"2$"% 1,' *+1/.d 78#'$2$*/$+#$"1,3 1"2
.J+#(,1'(,3<
CYmr oYb d Opn i db s +,.*."'* ".: :(,9 $" 21"/.5 *8+4
+(,'* 1 2$?.,*. ,1"%. () /&(,.(%,1+&.,* $" 2.?.#(+$"% '&.$, :(,95 ."4
/(8,1%.* .J+.,$7."'1'$("5 1"2 /(""./'* 1,'$*'* '( 182$."/.*<
=8++(,' )(, !"#$%&' ;)*( +)#$(, -*%& #()."' /.".01 ')*23%45
&1* 6.." +,(?$2.2 '( E1,'".,* )(, =1/,.2 E#1/.* 63 H&.
E.: B."'., )(, I,'* O F.,$'1%.<
H&. E.: B."'., )(, I,'* O F.,$'1%. $* 1 78#'$2$*/$+#$"1,3 %,1"'719.,
1"2 &86 )(, 9"(:#.2%.4*&1,$"%5 )8"2.2 63 H&. E.: B&1,$'16#. H,8*'*5
2.2$/1'.2 '( )(*'.,$"% 1 ?$6,1"' /8#'8,1# /(778"$'3 $" Q,.1'., E&$#12.#4
+&$1< H&. B."'., $"?.*'* $" 176$'$(8*5 $71%$"1'$?.5 1"2 /1'1#3'$/ :(,9
'&1' *&(:/1*.* '&. ,.%$("0* /8#'8,1# ?$'1#$'3 1"2 ."&1"/.* +86#$/ #$).5 1"2
."%1%.* $" 1" .J/&1"%. () $2.1* /("/.,"$"% 1,'$*'$/ 1"2 $"'.,+,.'$?.
+,1/'$/. :$'& 1 6,(12 ".':(,9 () /8#'8,1# +,1/'$'$(".,* 1"2 #.12.,*<
42
H/'45% @2 7 ,1*+/"
43
44
45
Download
advertisement