
++
++
m1 ?30 ,4= .:9/4?4:90= 4> ?=,9>10==0/ ?: , 90B @>0=R?34> 8,9@,7 >3,77 -0 ?=,9>10==0/ ?: ?30 @>0=R?:20?30=
B4?3 ?30 .:9/4?4:90=T
01:=0 49>?,77,?4:9R-0 >@=0 ?: =0,/ w,10?D g:9>4/0=,?4:9> 49 ?34> 8,9@,7 1:= ;=:;0= 49>?,77,?4:9T
x30 >,10?D .:9>4/0=,?4:9> >?,?0/ -07:B 4> /4A4/0/ 49?: J {,=9492K ,9/ J e??09?4:9KTx30 8,??0=> :9
>0A0=0 ,..4/09?> .,@>0/ 1=:8 B=:92 49>?,77,?4:9RB34.3 4> 74607D ?: 70,/ ?: /0,?3 := >0=4:@> 495@=DR,=0 74>?0/
49 J {,=9492KTl:B0A0=R?30 8,??0=> 74>?0/ 49 J e??09?4:9K ,=0 ,7>: 74607D .,@>0 ?30 >0A0=0 ,..4/09?>T
m9 2090=,7R-:?3 :1 ?308 ,=0 ?30 48;:=?,9? 4?08> =07,?0/ ?: ?30 >0.@=4?DRB34.3 >3:@7/ -0 >?=4.?7D ,-4/0/ -DT
e1?0= ?30 49>?,77,?4:9R;0=1:=8 ?0>? =@9 ?: 8,60 >@=0 0A0=D?3492 4> 49 9:=8,7 .:9/4?4:9>R,9/ ?309 :;0=,?0
,9/ 8,49?,49 ?30 ,4= .:9/4?4:90= 49 ,..:=/,9.0 B4?3 ?30 y>0= q,9@,7Tx30 y>0= q,9@,7 >3:@7/ -0 /074A0=0/
?: ?30 @>0= 1:= ;=:;0= 600;492T
\
w,10?D g:9>4/0=,?4:9>
e??09?4:9
x30 ,4= .:9/4?4:90= >3:@7/ -0 0110.?4A07D 2=:@9/0/Ti70.?=4. >3:.6> 8,D :..@= 41 ?30 ,4= .:9/4?4:90= 4>
@92=:@9/0/ := 49,;;=:;=4,?07D 2=:@9/0/Tx30 B4=0 1:= 0,=?3492 >3:@7/9I? -0 .:990.?0/ ?: ?30 .:990.?4:9>
:9 ?30 2,> ;4;0RB,?0= ;4;0R7423?9492 =:/ := ?070;3:90T
x30 -=0,60= 1:= 070.?=4.4?D 70,6,20 >3:@7/ -0 8:@9?0/Tm1 9:?R,..4/09?> >@.3 ,> 070.?=4. >3:.6> 8,D 3,;;09T
x30 49>?,770/ ,4= .:9/4?4:90= >3:@7/ -0 .30.60/ 1:= 070.?=4.4?D 70,6,20 -D -0492 ;:B0=0/T
t70,>0 ,>6 ?30 >;0.4,7 8,49?09,9.0 >?,?4:9 1:= 49>?,77,?4:9 ,9/ =0;,4=T{,?0= 70,6,20R070.?=4. >3:.6> :=
14=0 ,..4/09?> 8423? -0 .,@>0/ 1=:8 48;=:;0= 49>?,77,?4:9 41 D:@ .:9/@.? ?30 49>?,77,?4:9 -D D:@= :B9T
x30 49>?,77,?4:9 >3:@7/ -0 .:9/@.?0/ ;=:;0=7D ,..:=/492 ?: ?34> 8,9@,7T{,?0= 70,6,20R070.?=4. >3:.6> :=
14=0 ,..4/09?> 8423? -0 .,@>0/ 1=:8 48;=:;0= 49>?,77,?4:9T
t70,>0 8,60 >@=0 ?: 49>?,77 ?30 ,4= .:9/4?4:90= :9 ?30 ;7,.0 B30=0 .,9 -0,= ?30 B0423? :1 ?30 ,4= .:9/4?4:90=T
x30 ,4= .:9/4?4:90= .,9I? -0 49>?,770/ :9 ?30 2=4/> >@.3 ,> ?30 9:9S>;0.4,7 80?,7 -@=27,=S;=::1 90?Tx30 ;7,.0
B4?3 49>@114.409? >@;;:=? >?=092?3 8423? .,@>0 ?30 /=:;/:B9 :1 ?30 8,.3490RB34.3 8,D 70,/ ?: ;0=>:9,7
495@=40>T
x30 49>?,77,?4:9 >3:@7/ -0 09>@=0/ ,2,49>? ?D;3::9> ,9/ 0,=?3<@,60>R0?.Tx30 49>?,77,?4:9 @9.:91:=8,-70
?: ?30 =0<@4=0809?> B477 70,/ ?: ,..4/09?> /@0 ?: ?30 ?@=9:A0= :1 ?30 8,.3490T
w;0.414. .,-70> >3:@7/ -0 @>0/ 1:= =074,-70 .:990.?4:9> :1 ?30 B4=492>Tt70,>0 14C ?30 ?0=849,7 .:990.?4:9>
=074,-7D ?: ,A:4/ ?30 :@?>4/0 1:=.0 ,;;740/ :9 ?30 .,-70> 1=:8 -0492 48;=0>>0/ :9 ?30 .,-70>Tm8;=:;0=
.:990.?4:9> ,9/ 14C492> 8423? 70,/ ?: >@.3 ,..4/09?> ,> 30,?492 := 14=0 ,..4/09?>T
g:==0.? >3,;0> :1 B4=492> >3:@7/ -0 60;? B3470 ?30 08-:>>0/ >3,;0 4> 9:? ,77:B0/Tx30 B4=492> >3:@7/
-0 =074,-7D .:990.?0/ ?: ,A:4/ ?30 .:A0= ,9/ ?30 ;7,?0 :1 ?30 070.?=4.,7 .,-490? 74;;492 ?30 B4=492Tm8;=:;0=
49>?,77,?4:9 8423? .,@>0 >@.3 ,..4/09?> ,> 30,?492 := 14=0 ,..4/09?>T
{3470 ;7,.492 := =049>?,77492 ?30 ,4= .:9/4?4:90=R0C.0;? ?30 >;0.414. =01=420=,9? NvZWVeOR /:9I? 70? ?30 ,4= 2:
49?: ?30 =01=420=,?4:9 .D.70 >D>?08Tx30 ,4= 49 ?30 =01=420=,?4:9 .D.70 >D>?08 8423? 70,/ ?: ?30 .=,.6492 :=
;0=>:9,7 495@=40> /@0 ?: ,-9:=8,7 3423 ;=0>>@=0 :1 ?30 =01=420=,?4:9 .D.70 >D>?08T
h@=492 49>?,77,?4:9R;70,>0 @>0 ?30 ,..:8;,940/ >;,=0 ;,=?> := >;0.414. ;,=?>Tm1 9:?RB,?0= 70,6,20R070.?=4.
>3:.6>R14=0 ,..4/09?> := =01=420=,9? 70,6,20 8423? -0 .,@>0/T
h:9I? /=,49 ?30 B,?0= 1=:8 ?30 /=,49;4;0 ?: ?30 B,?0=>;:@? B30=0 8,D 0C4>? 3,=81@7 2,>0> >@.3 ,> >@71@=0?0/
2,> ?: ,A:4/ ?30 3,=81@7 2,>0> 09?0=492 49?: ?30 =::8T
h@=492 49>?,77,?4:9R41 =01=420=,9? 70,6,20 :..@=>RA09?47,?4:9 80,>@=0> >3:@7/ -0 ?,609R1:= ?30 =01=420=,9?
2,> 8423? 2090=,?0 3,=81@7 2,>0> @;:9 .:9?,.?492 ?30 17,80T
e1?0= 49>?,77,?4:9R.30.6 41 ,9D =01=420=,9? 70,6,20 0C4>?>Tm1 ?30 =01=420=,9? 2,> 70,6> 49 ?30 =::8R>@.3 ?3492>
,> ,4= -7:B492 30,?0=> ,9/ >?:A0>R0?.T8,D 2090=,?0 3,=81@7 2,>0>T
h:9I? 49>?,77 ?30 ,4= .:9/4?4:90= ,? ?30 ;7,.0> B30=0 ?30 17,88,-70 2,>0> 8,D 70,6Tm9 .,>0 ?30 2,> 70,6,20
:..@=> ,=:@9/ ?30 8,.3490R>@.3 ,..4/09?> ,> 14=0 /4>,>?0=> 8,D -0 .,@>0/T
x30 /=,49;4;0 >3:@7/ -0 ;=:;0=7D 8:@9?0/ ,..:=/492 ?: ?34> 8,9@,7 ,> ?: 09>@=0 ?30 >8::?3 /=,49,20Tm9
,//4?4:9R30,? ;=0>0=A,?4:9 >3:@7/ -0 ?,609 ?: ,A:4/ .:9/09>,?4:9Tm8;=:;0= /=,49;4;0 8:@9?492 8423?
.,@>0 B,?0= 70,6,20RB34.3 B477 20? ?30 ,=?4.70> ,? 3:80 B0?T
x30 =01=420=,9? 2,> ;4;0 ,9/ 74<@4/ ;4;0 >3:@7/ -0 30,? 49>@7,?0/ ?: ;=0>0=A0 30,?Tj:= 49,;;=:;=4,?0 30,?
49>@7,?4:9R?30 B,?0= .,@>0/ 1=:8 ?30 .:9/09>,?4:9 B477 /=:; ?: 20? ?30 ,=?4.70 ,? 3:80 B0?T
{,=9492