ˣ˥ˢ˗˨˖˘ˡ˧
ˠ˘˕˟˜ ˗˭˜˘˖˜ͩ˖ˬ˖˛
ˡ˔˝˪ˬκ˦˭˔ ˝˔˞ˢΝ͙
ˣ˥ˢ˗˨˞˧ͅ˪
ʾ˂ʵʼ ˦ʡ˖ʡ ˨˟ʡ ˃˥˭˘ˠˬ˦·ˢ˪˔ ʤʪʶʟ ʦʪʠʧʨʣ ˆ˧˔˟ˢ˪˔ ˊˢ˟˔ʟ
˧˘˟ʡʭ ʞʧʫ ʨʦʪ ʤʥʫ ʤʣʣʟ ʸʠˠ˔˜˟ʭ ˕˜˨˥ˢʳ˞ˢ˕˜˦˖ʡˣ˟
ˊˊˊʡʾ˂ʵʼˆʶʡ˃ʿ
ˁˢ˪ˢ˖˭˘˦ˡ˘ ·ͅκ˞˔ʟ ˪ˬ˞ˢˡ˔ˡ˘ ˭ ˪ˬ˦ˢ˞˜˘˝ ˝˔˞ˢΝ˖˜ ˣ·ˬ˧ˬ ˠ˘˕˟ˢ˪˘˝ʡ ˂˥ˬ˚˜ˡ˔˟ˡ˘
˪˭ˢ˥ˡ˜˖˧˪ˢ ˢ˥˔˭ ˞ˢ˟ˢ˥ˢ˪ˬ ˗˘˦˜˚ˡ ˦ˣ˥˔˪˜˔˝͗ʟ κ˘ ·ͅκ˞˔ ˦͗ ˜˗˘˔˟ˡˬˠ ˠ˜˘˝˦˖˘ˠ ˗ˢ
˦ˣ˔ˡ˜˔ ˝˔˞ ˥ͅ˪ˡ˜˘κ ˗ˢ ˭˔˕˔˪ˬʡ ˍ˔ˢ˞˥͗˚˟ˢˡ˘ ˞˥˔˪ͩ˗˭˜˘ ·ͅκ˞˔ ˭˔ˣ˘˪ˡ˜˔˝͗
˕˘˭ˣ˜˘˖˭˘Ή˦˧˪ˢ ˗˭˜˘˖˜ˢˠʡ ʷˢ ˞˔κ˗˘˚ˢ ·ͅκ˞˔ ˗ˢ·͗˖˭ˢˡˬ ˝˘˦˧ ˠ˔˧˘˥˔˖ ˣ˜˔ˡ˞ˢ˪ˬʡ
ʽ˘˦˧˘Νˠˬ ˙˜˥ˠ͗ ˭˔˝ˠ˨˝͗˖͗ ˦˜ͩ ˣ˥ˢ˗˨˞˖˝͗ ˠ˘˕˟˜ ˜ ·ͅκ˘˞ ˗˭˜˘˖˜ͩ˖ˬ˖˛ʡ ˂˙˘˥ˢ˪˔ˡ˘
ˣ˥˭˘˭ ˡ˔˦ ˣ˥ˢ˗˨˞˧ˬ ˦͗ ˡ˔˝˪ˬκ˦˭˘˝ ˝˔˞ˢΝ˖˜ ˜ ˦ˣ˘·ˡ˜˔˝͗ ˪˦˭ˬ˦˧˞˜˘ ˪ˬˠˢ˚˜ ˜ ˡˢ˥ˠˬʡ
ˁ˔˦˭˔ ˙˜˥ˠ˔ ˦˨˞˖˘˦ˬ˪ˡ˜˘ ˕˨˗˨˝˘ ˭˔˨˙˔ˡ˜˘ ʾ˟˜˘ˡ˧ͅ˪ ˗˭˜ͩ˞˜ ˪ˬ˦ˢ˞˜˘˝ ˝˔˞ˢΝ˖˜
ˣ˥ˢ˗˨˞˧ͅ˪ʟ ˧˘˥ˠ˜ˡˢ˪ˢΝ˖˜ ˗ˢ˦˧˔˪ʟ ˞ˢˡ˞˨˥˘ˡ˖ˬ˝ˡˬˠ ˖˘ˡˢˠ ˝˔˞ ˥ͅ˪ˡ˜˘κ ˝˘˗ˬˡˬˠ
˪ ˦˪ˢ˜ˠ ˥ˢ˗˭˔˝˨ ˔˦ˢ˥˧ˬˠ˘ˡ˖˜˘ʡ ˊ˦˭ˬ˦˧˞˜˘ ˗ˢ˦˧ͩˣˡ˘ ˪ ˔˦ˢ˥˧ˬˠ˘ˡ˖˜˘ ˠˢ˗˘˟˘
·ͅκ˘˞ʟ ˭˔ˣ˥ˢ˝˘˞˧ˢ˪˔ˡ˘ ˭ˢ˦˧˔·ˬ ˭ ˠˬΝ˟͗ ˢ ˡ˔˝ˠ·ˢ˗˦˭ˬ˖˛ʟ ˜˖˛ ˦ˣˢ˦ˢ˕˜˘
˙˨ˡ˞˖˝ˢˡˢ˪˔ˡ˜˔ ˢ˥˔˭ ˣˢ˧˥˭˘˕˔˖˛ʡ Άͅκ˞˔ ʾ˂ʵʼ ˧ˢ ˪ˬ˚ˢ˗˔ʟ ˞ˢˠ˙ˢ˥˧ʟ ˙˨ˡ˞˖˝ˢˡ˔˟ˡˢΝ͙ʡ
ˣ˥ˢ˗˨˖˘ˡ˧ ˠ˘˕˟˜ ˗˭˜˘˖˜ͩ˖ˬ˖˛
ˡ˔˝˪ˬκ˦˭˔ ˝˔˞ˢΝ͙
ˣ˥ˢ˗˨˞˧ͅ˪
ʾ˂ʵʼ ˦ʡ˖ʡ
˨˟ʡ ˃˥˭˘ˠˬ˦·ˢ˪˔ ʤʪʶʟ ʦʪʠʧʨʣ ˆ˧˔˟ˢ˪˔ ˊˢ˟˔ ˊˊˊʡʾ˂ʵʼˆʶʡ˃ʿ
˧˘˟ʡʭ ʞʧʫ ʨʦʪ ʤʥʫ ʤʣʣʟ ʸʠˠ˔˜˟ʭ ˕˜˨˥ˢʳ˞ˢ˕˜˦˖ʡˣ˟
ˁˢ˪ˢ˖˭˘˦ˡ˘ ·ͅκ˞˔ʟ ˪ˬ˞ˢˡ˔ˡ˘ ˭ ˪ˬ˦ˢ˞˜˘˝ ˝˔˞ˢΝ˖˜ ˣ·ˬ˧ˬ ˠ˘˕˟ˢ˪˘˝ʡ ˂˥ˬ˚˜ˡ˔˟ˡ˘
˪˭ˢ˥ˡ˜˖˧˪ˢ ˢ˥˔˭ ˞ˢ˟ˢ˥ˢ˪ˬ ˗˘˦˜˚ˡ ˦ˣ˥˔˪˜˔˝͗ʟ κ˘ ·ͅκ˞˔ ˦͗ ˜˗˘˔˟ˡˬˠ ˠ˜˘˝˦˖˘ˠ ˗ˢ
˦ˣ˔ˡ˜˔ ˝˔˞ ˥ͅ˪ˡ˜˘κ ˗ˢ ˭˔˕˔˪ˬʡ ˍ˔ˢ˞˥͗˚˟ˢˡ˘ ˞˥˔˪ͩ˗˭˜˘ ·ͅκ˞˔ ˭˔ˣ˘˪ˡ˜˔˝͗
˕˘˭ˣ˜˘˖˭˘Ή˦˧˪ˢ ˗˭˜˘˖˜ˢˠʡ ʷˢ ˞˔κ˗˘˚ˢ ·ͅκ˞˔ ˗ˢ·͗˖˭ˢˡˬ ˝˘˦˧ ˠ˔˧˘˥˔˖ ˣ˜˔ˡ˞ˢ˪ˬʡ
ʽ˘˦˧˘Νˠˬ ˙˜˥ˠ͗ ˭˔˝ˠ˨˝͗˖͗ ˦˜ͩ ˣ˥ˢ˗˨˞˖˝͗ ˠ˘˕˟˜ ˜ ·ͅκ˘˞ ˗˭˜˘˖˜ͩ˖ˬ˖˛ʡ ˂˙˘˥ˢ˪˔ˡ˘
ˣ˥˭˘˭ ˡ˔˦ ˣ˥ˢ˗˨˞˧ˬ ˦͗ ˡ˔˝˪ˬκ˦˭˘˝ ˝˔˞ˢΝ˖˜ ˜ ˦ˣ˘·ˡ˜˔˝͗ ˪˦˭ˬ˦˧˞˜˘ ˪ˬˠˢ˚˜ ˜ ˡˢ˥ˠˬʡ
ˁ˔˦˭˔ ˙˜˥ˠ˔ ˦˨˞˖˘˦ˬ˪ˡ˜˘ ˕˨˗˨˝˘ ˭˔˨˙˔ˡ˜˘ ʾ˟˜˘ˡ˧ͅ˪ ˗˭˜ͩ˞˜ ˪ˬ˦ˢ˞˜˘˝ ˝˔˞ˢΝ˖˜
ˣ˥ˢ˗˨˞˧ͅ˪ʟ ˧˘˥ˠ˜ˡˢ˪ˢΝ˖˜ ˗ˢ˦˧˔˪ʟ ˞ˢˡ˞˨˥˘ˡ˖ˬ˝ˡˬˠ ˖˘ˡˢˠ ˝˔˞ ˥ͅ˪ˡ˜˘κ ˝˘˗ˬˡˬˠ
˪ ˦˪ˢ˜ˠ ˥ˢ˗˭˔˝˨ ˔˦ˢ˥˧ˬˠ˘ˡ˖˜˘ʡ ˊ˦˭ˬ˦˧˞˜˘ ˗ˢ˦˧ͩˣˡ˘ ˪ ˔˦ˢ˥˧ˬˠ˘ˡ˖˜˘ ˠˢ˗˘˟˘
·ͅκ˘˞ʟ ˭˔ˣ˥ˢ˝˘˞˧ˢ˪˔ˡ˘ ˭ˢ˦˧˔·ˬ ˭ ˠˬΝ˟͗ ˢ ˡ˔˝ˠ·ˢ˗˦˭ˬ˖˛ʟ ˜˖˛ ˦ˣˢ˦ˢ˕˜˘
˙˨ˡ˞˖˝ˢˡˢ˪˔ˡ˜˔ ˢ˥˔˭ ˣˢ˧˥˭˘˕˔˖˛ʡ Άͅκ˞˔ ʾ˂ʵʼ ˧ˢ ˪ˬ˚ˢ˗˔ʟ ˞ˢˠ˙ˢ˥˧ʟ ˙˨ˡ˞˖˝ˢˡ˔˟ˡˢΝ͙ʡ
ˣ˥ˢ˗˨˖˘ˡ˧ ˠ˘˕˟˜ ˗˭˜˘˖˜ͩ˖ˬ˖˛
ˡ˔˝˪ˬκ˦˭˔ ˝˔˞ˢΝ͙
ˣ˥ˢ˗˨˞˧ͅ˪
ʾ˂ʵʼ ˦ʡ˖ʡ
˨˟ʡ ˃˥˭˘ˠˬ˦·ˢ˪˔ ʤʪʶʟ ʦʪʠʧʨʣ ˆ˧˔˟ˢ˪˔ ˊˢ˟˔ ˊˊˊʡʾ˂ʵʼˆʶʡ˃ʿ
˧˘˟ʡʭ ʞʧʫ ʨʦʪ ʤʥʫ ʤʣʣʟ ʸʠˠ˔˜˟ʭ ˕˜˨˥ˢʳ˞ˢ˕˜˦˖ʡˣ˟
VËÞÂê©· ×Úāü¤Ì ĬāöüºÂ· ā¬öāüĺ¬ Ë ¬Ã¬Ä¬ê V¬×׬
süöĬæöË 9êÄ¤ËąÞº æË āËÂËö ×˽޺ ËĈüÄ Þ×·½¬āê· Þ¬¢ ö öüöĬê
öüÞ˺¬· ·ºË߬ ê¬ËË˺Ìö ā º½Þüº ½¬æÚæêÚü ā¬¬¢·Ɍ V¬¢ºÄ ©¬ÞæËÚ¬ êæËÚÞæö
ÞæÚ¬ =¬Ä¤ÚÄ ¬ Ú¬© ;ÞæÄÚ ö ÚöêÚËö· ¬ÄæÚ×Úæ·¬ üæü 9êĤËöÞº¬· ¬ V¬×׬ VËÅāËÞāĺ V¬×׬ ö©Ëā¬ Ä ×˺ V¬×׬ Ä VËÂêĬËöüÃ
VüĈºê
V¬ËæÚ %ÚËÄāöÞº¬¤Ë ÞāüºË ×ˬÂü ÞÚ ö¬½ê ×˽޺¬© ā¬¬ ¬ ¬© ÚËā¬Ìöɇ Þæ·
Þ¬¢ ÞæÞ½½Úì ÚüĺËöüìɌ Ë©æÚì æü© Ë×Ëö¬ß¬ Þ Ëö¬Ã êö¬½¬Ä ×Úāā VËāö̽ Þ¬¢ āÚ Ë Ä¬ā×ËÃÄ¬Ä¤Ë ßö¬æ ā¬¬ ā ê½½ÚüÄ
ā¬¬ Ä Âüà ßö¬¬ ×ËÞæ¬Ɇ V¬×׬ VËÅāËÞāĺɇ ;Ú½½ÞËÄ ā ©êɇ ì½ ā
]ýĬ¬ɇ æºæüö ½Ëúõ¬Þæɇ YÞÃêÞɇ =Ëææ ā 꽬ü öÄæêÚĬºÌöɇ Ú¬ =ö¬ ]Ú ā¬¬ ā ê½½ÚüÄ
āāü Ĭā×ËÃÄ¬Ä ā¬¬ ā ê½½ÚüÄɌ ê¬ËË˺¬ ÷ ×Úāü æüà öÞ×Ĭ Ë×Úö¢ s.c Cy s g== Y yD ] ×Úāü·¬ÌÂì ¬ Ĭ¤ü Þ¬¢ Ĭ
ÃêāüāÄ ¬ ¤ÚĈāÄɌ sÞāüÞæºË æË Þ×Úö¬ɇ Ą ÞÂê©ā Äæü©Ã¬Þæ ×ÚāÄËÞā Þ¬¢ ö ÄêāɌ VêÂºË ×Ë ü¤Ú© āìĬ· ö æ·ÃĬā
×ÂÄ ¬× ¬ ©êÃËÚê ßö¬æɇ ºæÌÚ¤Ë Âê¤Ë Ĭ © Ë×êÞāāɌ ê¬ËË˺¬ ]ºÚāüĬ¢ C¢ÚÌö ÞæÚ ÞāË×¢ ö āÌ·º ºÚü·Ìöº¢Ɍ .©
süöĬæö 9êÄ¤ËąÞº ÞæÄËö¬ Ëö¬Ã öÞ×Ĭ āö¢ ½ · ÚËā¬Äü ɫ êā s¬ßĬËö ]×ÌÂā¬½Ä¬ öüÞü ö¬ßĬ ö Úāê©© ā
ā¬¬ öÚĄ½¬öË߬ Ä Ëæā·ü ßö¬æɇ ½ ¬© ÚËā¬Ìö Þ ÞÄæüÃÄæ½Äüà ×ËöÚËæà ¤ÚĬ¢Ɍ 9Þæ æü½ Þ×ËÞËÌöɇ Ąü öÞËÂË Þ×¢ā¬ āÞɇ
Ë āÞÌö ā¬¬ÅÞæöɌ sÞ×Ì½Ä ÞÂê©Ä¬ æü© ö¬¤·ü© ¬ āĺËì¬ ©Ë ö Âüà 꽽ÚüÄ Ä¬ à ºËÃ×êæÚɌ Ȃ &J ~.D
āÚ½¬āËöÄü© ×Ë öā¤½¢Ã ·¢āüºËöüà ¬ ¬ÄæÚ×Úæü·Äüà Ë×Ëö¬ß¬ êÃËĄ½¬ö¬ J Y 9 ~ sy
Ä Äö¬āĬ Þ¬½Ä· ö¬¢ā¬ ì¢āü×˺˽ĬËö·ɇ ºæÌÚ æÚö½ ā× ö ×ì¢ āÚÌöÄË
ā¬¬ËÃɇ ·º ¬ ¬© ÚËā¬ËÃɌ ~×Úāü·ĂĬ· Þ¬¢ ā ;Ú½ÞÞËÄà ā ©êɇ Ĭ¤ü Þ¬¢ Ĭ Ëö¬Þāɇ Ë æË Äê
VËö¬ß¬ ]cY. =.D &Y D Ë ÞÂê©Ä¬ æË
Ĭā×ËÃÄ¬Ä ×ÚāĄü¬ ½ · ÚËā¬Äü
;˽·Ä Þ×ËæºÄ¬ ā ê½ê¬Åì ā¬¬ ɫ ×ÞËæĬºÃ¬ ā 꽬ü öÄæêÚĬºÌö
ā¬¬ ā 꽬ü öÄæêÚĬºÌö
Úê¤ ā¢ß ×Úāü¤Ì =Ëææü ¬ ·· ÚËāÅÞæöɌ ;×ÚüßÄɇ
ê×Úæ ¬ ×ÂÄ £Äæā·¬ ā¬öāüĺ ×ÚāĄüö ö¬½
ÞÃêæºÌö ¬ ÚË߬ āö¬āÄü© ā D¬ßº¬Ã ɬ êºË©Ä Ú¬Þāº ;Ú½ÞÞËÄ ā ©ê =æ·ü Þā׬¤
×½êÞāËö ßö¬ÄºɌ VÚÌê· ü ÞÃËā¬½Ä ¬ öüÃÌ Ä ¬ ;Ú½ÞÞËÄ ā ©ê ½æ āÄÌö āü ;Ú½ÞÞËÄ ā ©ê
ËæËāĬê Þ×ÂĬĬ Þöˬ© ĄüāÅɌ
c üÞæÚ ā¬¬º¬ ×˺˩ āüæ½Ä¬º ö ºĄüà ö¬ºêɌ ~×Úāü·ĂĬ· Þ¬¢ ā ºË½·Äüì Ë©æÚì ×Ëö¬ß¬ ÞæÚ¬ =¬Ä¤ÚÄ
VËāÄ· ì½ ā ]ýĬ¬ ɬ Ä·ÞÂüÄĬ·Þā¤Ë ×ÞËæĬº ö ]āö·¬
ì½ ā ]ýĬ¬
sü¤½ ·º Ĭ˺ɇ ½ ×ËāËÚü Ãü½Ɍ ^׬ ö ā× ¬ ā
ÞöË· êºË©Ä ÞæÚā½Ɍ s˽¬ ā·ß ©Ë¬Äº¢ āìÞæ
£Þ˽º¬ Þā×Ú¤Ëö·Ɍ sºÂ ¤ÂËö¢ Ë öāü ā ÚËÞËÂÃɌ
]āāü׬ Þ¬ËÞæÚ¢ɇ ¤Ä¬ ºËæɌ VÞˬ ¬½ Þ¬¢ Ɍ ËÚËß½¬
Ä·©¢æĬ· öüÞ½¬ü ¤Ë Ë ÃÚüº¬ɇ ü½ Þ¬¢ ¤Ë ×ËāüɌ
~ÂËĄ¢ Þ¬¢ɇ Ą ·êĄ ¤Ë ½ê¬¬Ɍ VÚā sì ɫ ì½ ā Ú¬ =ö¬ ]Ú ½ā¤Ë º×¬Þā Þ¬¢ YÞÃêÞ ¬ öÂÌā¢¤
]ýĬ¬Ɍ ö Þ×ËĬ©ɇ öê·ºêɍ
VËÞÂê©· ×Úāü¤Ì ĬāöüºÂ· ā¬öāüĺ¬ Ë ¬Ã¬Ä¬ê V¬×׬
süöĬæöË 9êÄ¤ËąÞº æË āËÂËö ×˽޺ ËĈüÄ Þ×·½¬āê· Þ¬¢ ö öüöĬê
öüÞ˺¬· ·ºË߬ ê¬ËË˺Ìö ā º½Þüº ½¬æÚæêÚü ā¬¬¢·Ɍ V¬¢ºÄ ©¬ÞæËÚ¬ êæËÚÞæö
ÞæÚ¬ =¬Ä¤ÚÄ ¬ Ú¬© ;ÞæÄÚ ö ÚöêÚËö· ¬ÄæÚ×Úæ·¬ üæü 9êĤËöÞº¬· ¬ V¬×׬ VËÅāËÞāĺ V¬×׬ ö©Ëā¬ Ä ×˺ V¬×׬ Ä VËÂêĬËöüÃ
VüĈºê
V¬ËæÚ %ÚËÄāöÞº¬¤Ë ÞāüºË ×ˬÂü ÞÚ ö¬½ê ×˽޺¬© ā¬¬ ¬ ¬© ÚËā¬Ìöɇ Þæ·
Þ¬¢ ÞæÞ½½Úì ÚüĺËöüìɌ Ë©æÚì æü© Ë×Ëö¬ß¬ Þ Ëö¬Ã êö¬½¬Ä ×Úāā VËāö̽ Þ¬¢ āÚ Ë Ä¬ā×ËÃÄ¬Ä¤Ë ßö¬æ ā¬¬ ā ê½½ÚüÄ
ā¬¬ Ä Âüà ßö¬¬ ×ËÞæ¬Ɇ V¬×׬ VËÅāËÞāĺɇ ;Ú½½ÞËÄ ā ©êɇ ì½ ā
]ýĬ¬ɇ æºæüö ½Ëúõ¬Þæɇ YÞÃêÞɇ =Ëææ ā 꽬ü öÄæêÚĬºÌöɇ Ú¬ =ö¬ ]Ú ā¬¬ ā ê½½ÚüÄ
āāü Ĭā×ËÃÄ¬Ä ā¬¬ ā ê½½ÚüÄɌ ê¬ËË˺¬ ÷ ×Úāü æüà öÞ×Ĭ Ë×Úö¢ s.c Cy s g== Y yD ] ×Úāü·¬ÌÂì ¬ Ĭ¤ü Þ¬¢ Ĭ
ÃêāüāÄ ¬ ¤ÚĈāÄɌ sÞāüÞæºË æË Þ×Úö¬ɇ Ą ÞÂê©ā Äæü©Ã¬Þæ ×ÚāÄËÞā Þ¬¢ ö ÄêāɌ VêÂºË ×Ë ü¤Ú© āìĬ· ö æ·ÃĬā
×ÂÄ ¬× ¬ ©êÃËÚê ßö¬æɇ ºæÌÚ¤Ë Âê¤Ë Ĭ © Ë×êÞāāɌ ê¬ËË˺¬ ]ºÚāüĬ¢ C¢ÚÌö ÞæÚ ÞāË×¢ ö āÌ·º ºÚü·Ìöº¢Ɍ .©
süöĬæö 9êÄ¤ËąÞº ÞæÄËö¬ Ëö¬Ã öÞ×Ĭ āö¢ ½ · ÚËā¬Äü ɫ êā s¬ßĬËö ]×ÌÂā¬½Ä¬ öüÞü ö¬ßĬ ö Úāê©© ā
ā¬¬ öÚĄ½¬öË߬ Ä Ëæā·ü ßö¬æɇ ½ ¬© ÚËā¬Ìö Þ ÞÄæüÃÄæ½Äüà ×ËöÚËæà ¤ÚĬ¢Ɍ 9Þæ æü½ Þ×ËÞËÌöɇ Ąü öÞËÂË Þ×¢ā¬ āÞɇ
Ë āÞÌö ā¬¬ÅÞæöɌ sÞ×Ì½Ä ÞÂê©Ä¬ æü© ö¬¤·ü© ¬ āĺËì¬ ©Ë ö Âüà 꽽ÚüÄ Ä¬ à ºËÃ×êæÚɌ Ȃ &J ~.D
āÚ½¬āËöÄü© ×Ë öā¤½¢Ã ·¢āüºËöüà ¬ ¬ÄæÚ×Úæü·Äüà Ë×Ëö¬ß¬ êÃËĄ½¬ö¬ J Y 9 ~ sy
Ä Äö¬āĬ Þ¬½Ä· ö¬¢ā¬ ì¢āü×˺˽ĬËö·ɇ ºæÌÚ æÚö½ ā× ö ×ì¢ āÚÌöÄË
ā¬¬ËÃɇ ·º ¬ ¬© ÚËā¬ËÃɌ ~×Úāü·ĂĬ· Þ¬¢ ā ;Ú½ÞÞËÄà ā ©êɇ Ĭ¤ü Þ¬¢ Ĭ Ëö¬Þāɇ Ë æË Äê
VËö¬ß¬ ]cY. =.D &Y D Ë ÞÂê©Ä¬ æË
Ĭā×ËÃÄ¬Ä ×ÚāĄü¬ ½ · ÚËā¬Äü
;˽·Ä Þ×ËæºÄ¬ ā ê½ê¬Åì ā¬¬ ɫ ×ÞËæĬºÃ¬ ā 꽬ü öÄæêÚĬºÌö
ā¬¬ ā 꽬ü öÄæêÚĬºÌö
Úê¤ ā¢ß ×Úāü¤Ì =Ëææü ¬ ·· ÚËāÅÞæöɌ ;×ÚüßÄɇ
ê×Úæ ¬ ×ÂÄ £Äæā·¬ ā¬öāüĺ ×ÚāĄüö ö¬½
ÞÃêæºÌö ¬ ÚË߬ āö¬āÄü© ā D¬ßº¬Ã ɬ êºË©Ä Ú¬Þāº ;Ú½ÞÞËÄ ā ©ê =æ·ü Þā׬¤
×½êÞāËö ßö¬ÄºɌ VÚÌê· ü ÞÃËā¬½Ä ¬ öüÃÌ Ä ¬ ;Ú½ÞÞËÄ ā ©ê ½æ āÄÌö āü ;Ú½ÞÞËÄ ā ©ê
ËæËāĬê Þ×ÂĬĬ Þöˬ© ĄüāÅɌ
c üÞæÚ ā¬¬º¬ ×˺˩ āüæ½Ä¬º ö ºĄüà ö¬ºêɌ ~×Úāü·ĂĬ· Þ¬¢ ā ºË½·Äüì Ë©æÚì ×Ëö¬ß¬ ÞæÚ¬ =¬Ä¤ÚÄ
VËāÄ· ì½ ā ]ýĬ¬ ɬ Ä·ÞÂüÄĬ·Þā¤Ë ×ÞËæĬº ö ]āö·¬
ì½ ā ]ýĬ¬
sü¤½ ·º Ĭ˺ɇ ½ ×ËāËÚü Ãü½Ɍ ^׬ ö ā× ¬ ā
ÞöË· êºË©Ä ÞæÚā½Ɍ s˽¬ ā·ß ©Ë¬Äº¢ āìÞæ
£Þ˽º¬ Þā×Ú¤Ëö·Ɍ sºÂ ¤ÂËö¢ Ë öāü ā ÚËÞËÂÃɌ
]āāü׬ Þ¬ËÞæÚ¢ɇ ¤Ä¬ ºËæɌ VÞˬ ¬½ Þ¬¢ Ɍ ËÚËß½¬
Ä·©¢æĬ· öüÞ½¬ü ¤Ë Ë ÃÚüº¬ɇ ü½ Þ¬¢ ¤Ë ×ËāüɌ
~ÂËĄ¢ Þ¬¢ɇ Ą ·êĄ ¤Ë ½ê¬¬Ɍ VÚā sì ɫ ì½ ā Ú¬ =ö¬ ]Ú ½ā¤Ë º×¬Þā Þ¬¢ YÞÃêÞ ¬ öÂÌā¢¤
]ýĬ¬Ɍ ö Þ×ËĬ©ɇ öê·ºêɍ
VÚāĄü· ĬÞÃËö¬æ ×Úāü¤Ëü ā æºæüöà ½Ëúõ¬Þæà ì½ ¬ æºæüö¬
=ꬬ ©¬ÞæËÚ¬ ÃÚËĄ ºÚö ö Ąü©ɍ ©¬ ö¬ā¬ Ë Þ¬¢
ÞæÂË ×ËāÞ ×öÄ· ×ËÚÌĄü ā DêÞææ Ë Ú½¬Ä ¬ ¤ā¬ Þ¬¢
×Ëā¬ÂË ǽǾǼ ÃÚºɍ öÚÞā¬ɇ ½ā¤Ë ì½ Ĭ ©¬Â
āö¬Ëì ×˽¬·¬ɍ Ú¬© ;ÞæÄÚ ā¬Úā sÞ ö Þà ßÚ˺
ºÚüìĽķ ā¤º¬ɇ ¤ā¬ āìÞæ Äêü ·Þæ ÚÞāāüº ÃË·¬ ¬
êĄ öº ×Ëāê¬ ©êÃËÚê
V꽬º· ËÞæ¢×Ä ÚÌöĬĄ ö £ËÚì
ºÞ¬Ąº¬ ËÚā ºÞ¬Ąº¬ ā ×ÂüæɌ
æºæüö ½Ëúõ¬Þæ æºæüö ½Ëúõ¬Þæ ¬ YÞÃêÞɇ æºæüö ½Ëúõ¬Þæ =¬ā ÞæÚËÄɆ ǽȄȀ
ÚüÚā ¬Â· YÌĄü Ąü· Ĭā׬āĬ JºÂºɆ cöÚ
~ÄêÚā Þ¬¢ ö ×ÂÄ ¬× ¬ ©êÃËÚê ßö¬æ ×Ëö¬ß¬ Ú¬© ;ƭÞæÄÚ .] DɆ ȅȃȄɬȄǿɬȂǾǾȂȀɬȀȂɬȅ
DɆ ȅȃȄȄǿȂǾǾȂȀȀȂȅ
ê¬ËË˺¬ ā ×Ëö¬ß¬Ã¬ ½ ā¬¬ ö ¬ÄæÚ×Úæ·¬ V¬ËæÚ %ÚËÄāöÞº¬¤Ë
ǿȁ ÷
CĬ āü Ĭ ~öÚ¬ËöÄ æÚÌ·º ɫ ÞæÚü· YÚÚɇ ·¤Ë Úæĺ ;ËÄÚ ËÚā
=æĬ ºË½ËĬɇ æÂêà ā¬¬ɇ ößÚÌ Ä¬© Ĭ ¬ CĬɌ ¤·ü ºËÅ Ä öÚË溩 D¤ÚË ;½½Ë ɫ ā¬Ú· ÄÞ ö ×ÂÄ
ā¬öāüĺ¬ ×ËËÄ Ë Þ¬¬ ·º ö¬ ºÚË×½ öËüɌ 9º ©êÃËÚê ×ËÚÌĄ ×Úāā ºÚ¬Ä¢ öüËÚĂĬɇ ¤ā¬ öÞāüÞæºË ·Þæ
æË ÃËĄ½¬öɍ D¬ºæ æ¤Ë Ĭ ö¬Ɍ D ×Ëāæºê Ĭ Ĭ öüöÚÌËÄ Ë ¤ÌÚü Äˤì ¬ öüÞæÚā½ËÄ ö ºËÞÃËÞɌ 9ß½¬ Ë æ·
ā×Ëö¬ ×Úāü·ĂĬɇ ½ ÞāüºË ˺āê· Þ¬¢ɇ Ą Âāü · ×ËÚü Ĭ¤ü Ĭ Ëö¬ā¬½¬ß¬ ºÚ¬Äü VÞ¬Úāê©Ìöɇ ^ö¬æ Ä J׺ɇ
āÄāĬ ö¬¢·ɇ ĬĄ Ãüß½Ɍ sÌöāÞ ö×· Ä Þā½ËÄü ö ºæÌÚüà ËÚËÞÂüì Úāā ā¬¬ ½Ë Ä·ÄËöËāßĬ·Þā¤Ë
×ËÃüÞÂɌ 9Ą½¬ ×½Ä Þ¬¢ ×Ëö¬ā¬ɇ ¬© Ąü¬ ºËö¬¬ Þ¬¢ ìÞæ
āìĬɇ ·êĄ Ä āöÞāɌɌɌ
V꽬º· ËÞæ¢×Ä ÚÌöĬĄ ö £ËÚì
V꽬º· ËÞæ¢×Ä ÚÌöĬĄ ö £ËÚì ºÞ¬Ąº¬ ËÚā ºÞ¬Ąº¬ ā ×ÂüæɌ
ºÞ¬Ąº¬ ËÚā ºÞ¬Ąº¬ ā ×ÂüæɌ
=¬ā ÞæÚËÄɆ ǽȂǼ
=¬ā ÞæÚËÄɆ ǽȃȂ JºÂºɆ cöÚ
JºÂºɆ cöÚ .] DɆ ȅȃȄɬȄǿɬȂǾǾȂȀɬȁǾɬǼ
.] DɆ ȅȃȄɬȄǿɬȂǾǾȂȀɬȀȀɬȁ DɆ ȅȃȄȄǿȂǾǾȂȀȁǾǼ
DɆ ȅȃȄȄǿȂǾǾȂȀȀȀȁ
C¬©Âº ā ×êº ā׺ ~©¢Ãü Ë ā×ËāÄĬ Þ¬¢ ā ÄÞā Ë£Úæ ËÚā Ëö¬āĬ ÄÞā· ÞæÚËÄü
C¬©Âº ·Þæ Ä·ÃĬ·Þāüà ©ÂË×Ã Ä ~¬Ã¬Ɍ C ā½ö¬ ׬¢ ¬ÄæÚÄæËö· ËÚā Þº½×ê ¬ÄæÚÄæËö¤ËɆ
ÄæüÃæÚÌö öāÚËÞæêɌ ^׬ ö ×êºê Ë ā׺ ¬ º×¬ Þ¬¢ ö öööɌ·êĤËöÞºɌ×½
Ãü½Ä¬āɌ Yāà ā ×ÚË£ÞËÚà +˺êÞà V˺êÞÃɇ āÚËā¬·Ã ā ɬì½Ɇ Þº½×ʱ·êÄ¤ËąÞºɌ×½
üÚºê ɵ;ËÃæɷ ×ÚāìÚā ßö¬æɇ ×ËāÄ· Ë æË ·Þæ ×Úāü·ĂÅ ¬ Ë ·Þæ ö
Ąü¬ê Ä·öĄÄ¬·ÞāɌ .ÞæĬ· ÚÌöĬĄ ÃËĄ½¬öËß āËڤĬāËöĬ ½ ¤Úê×ü ā¬¬ Þ×ËæºÄ¬
êæËÚÞº¬¤Ë ā üæ 9êĤËöÞºɌ ]āā¤ÌÂü Ä ÞæÚËĬ ¬ÄæÚÄæËö·Ɍ
=æ· º½Þ
]āºË ā ¬ÄæÚÄæà ¬ ¤Úê× ā×Úāü·ĂĬËÄü©ɇ āöÞā öÞ׬ڷü© Þ¬¢
©ÂË׺ÌöɌ s æ½ ā¬Ãɇ ßĬ¤ ËÚā ×Úāü¤ËæËöĬ Ë º½ÞËö¤Ë
×ÚāÞæö¬Ä¬ ×æɌ ɵ=æ· º½ÞɷɌ ~ ×ËāËÚê āöüā·Ä ©¬ÞæËÚ¬ɇ ]ā꺷 ö Ä·½×Þāü©
¤Â¢¬· Ë×Ëö¬ß ö¬¤¬½¬·Ä Ë Ä·öĄÄ¬·Þāü© öÚæË߬©Ɇ ×Úāü·ĂĬ ¬ 9êĤɬËąɬÞº üæ 9êĤËöÞº ]×Ɍ;Ɍ ºÞ¬¢¤ÚĬ© ËÚā ÄɆ
¬Þæˬ ×ËäĬ ¬ÄÄüÃɌ ê½Ɍ ;Úü×Þº Ǿȃɇ ǼȀɬǼȄǾ sÚÞāöɇ V˽޺
ɬì½Ɇ Þº½×ʱ·êÄ¤ËąÞºɌ×½
VÚāĄü· ĬÞÃËö¬æ ×Úāü¤Ëü ā æºæüöà ½Ëúõ¬Þæà ì½ ¬ æºæüö¬
=ꬬ ©¬ÞæËÚ¬ ÃÚËĄ ºÚö ö Ąü©ɍ ©¬ ö¬ā¬ Ë Þ¬¢
ÞæÂË ×ËāÞ ×öÄ· ×ËÚÌĄü ā DêÞææ Ë Ú½¬Ä ¬ ¤ā¬ Þ¬¢
×Ëā¬ÂË ǽǾǼ ÃÚºɍ öÚÞā¬ɇ ½ā¤Ë ì½ Ĭ ©¬Â
āö¬Ëì ×˽¬·¬ɍ Ú¬© ;ÞæÄÚ ā¬Úā sÞ ö Þà ßÚ˺
ºÚüìĽķ ā¤º¬ɇ ¤ā¬ āìÞæ Äêü ·Þæ ÚÞāāüº ÃË·¬ ¬
êĄ öº ×Ëāê¬ ©êÃËÚê
V꽬º· ËÞæ¢×Ä ÚÌöĬĄ ö £ËÚì
ºÞ¬Ąº¬ ËÚā ºÞ¬Ąº¬ ā ×ÂüæɌ
æºæüö ½Ëúõ¬Þæ æºæüö ½Ëúõ¬Þæ ¬ YÞÃêÞɇ æºæüö ½Ëúõ¬Þæ =¬ā ÞæÚËÄɆ ǽȄȀ
ÚüÚā ¬Â· YÌĄü Ąü· Ĭā׬āĬ JºÂºɆ cöÚ
~ÄêÚā Þ¬¢ ö ×ÂÄ ¬× ¬ ©êÃËÚê ßö¬æ ×Ëö¬ß¬ Ú¬© ;ƭÞæÄÚ .] DɆ ȅȃȄɬȄǿɬȂǾǾȂȀɬȀȂɬȅ
DɆ ȅȃȄȄǿȂǾǾȂȀȀȂȅ
ê¬ËË˺¬ ā ×Ëö¬ß¬Ã¬ ½ ā¬¬ ö ¬ÄæÚ×Úæ·¬ V¬ËæÚ %ÚËÄāöÞº¬¤Ë
ǿȁ ÷
CĬ āü Ĭ ~öÚ¬ËöÄ æÚÌ·º ɫ ÞæÚü· YÚÚɇ ·¤Ë Úæĺ ;ËÄÚ ËÚā
=æĬ ºË½ËĬɇ æÂêà ā¬¬ɇ ößÚÌ Ä¬© Ĭ ¬ CĬɌ ¤·ü ºËÅ Ä öÚË溩 D¤ÚË ;½½Ë ɫ ā¬Ú· ÄÞ ö ×ÂÄ
ā¬öāüĺ¬ ×ËËÄ Ë Þ¬¬ ·º ö¬ ºÚË×½ öËüɌ 9º ©êÃËÚê ×ËÚÌĄ ×Úāā ºÚ¬Ä¢ öüËÚĂĬɇ ¤ā¬ öÞāüÞæºË ·Þæ
æË ÃËĄ½¬öɍ D¬ºæ æ¤Ë Ĭ ö¬Ɍ D ×Ëāæºê Ĭ Ĭ öüöÚÌËÄ Ë ¤ÌÚü Äˤì ¬ öüÞæÚā½ËÄ ö ºËÞÃËÞɌ 9ß½¬ Ë æ·
ā×Ëö¬ ×Úāü·ĂĬɇ ½ ÞāüºË ˺āê· Þ¬¢ɇ Ą Âāü · ×ËÚü Ĭ¤ü Ĭ Ëö¬ā¬½¬ß¬ ºÚ¬Äü VÞ¬Úāê©Ìöɇ ^ö¬æ Ä J׺ɇ
āÄāĬ ö¬¢·ɇ ĬĄ Ãüß½Ɍ sÌöāÞ ö×· Ä Þā½ËÄü ö ºæÌÚüà ËÚËÞÂüì Úāā ā¬¬ ½Ë Ä·ÄËöËāßĬ·Þā¤Ë
×ËÃüÞÂɌ 9Ą½¬ ×½Ä Þ¬¢ ×Ëö¬ā¬ɇ ¬© Ąü¬ ºËö¬¬ Þ¬¢ ìÞæ
āìĬɇ ·êĄ Ä āöÞāɌɌɌ
V꽬º· ËÞæ¢×Ä ÚÌöĬĄ ö £ËÚì
V꽬º· ËÞæ¢×Ä ÚÌöĬĄ ö £ËÚì ºÞ¬Ąº¬ ËÚā ºÞ¬Ąº¬ ā ×ÂüæɌ
ºÞ¬Ąº¬ ËÚā ºÞ¬Ąº¬ ā ×ÂüæɌ
=¬ā ÞæÚËÄɆ ǽȂǼ
=¬ā ÞæÚËÄɆ ǽȃȂ JºÂºɆ cöÚ
JºÂºɆ cöÚ .] DɆ ȅȃȄɬȄǿɬȂǾǾȂȀɬȁǾɬǼ
.] DɆ ȅȃȄɬȄǿɬȂǾǾȂȀɬȀȀɬȁ DɆ ȅȃȄȄǿȂǾǾȂȀȁǾǼ
DɆ ȅȃȄȄǿȂǾǾȂȀȀȀȁ
C¬©Âº ā ×êº ā׺ ~©¢Ãü Ë ā×ËāÄĬ Þ¬¢ ā ÄÞā Ë£Úæ ËÚā Ëö¬āĬ ÄÞā· ÞæÚËÄü
C¬©Âº ·Þæ Ä·ÃĬ·Þāüà ©ÂË×Ã Ä ~¬Ã¬Ɍ C ā½ö¬ ׬¢ ¬ÄæÚÄæËö· ËÚā Þº½×ê ¬ÄæÚÄæËö¤ËɆ
ÄæüÃæÚÌö öāÚËÞæêɌ ^׬ ö ×êºê Ë ā׺ ¬ º×¬ Þ¬¢ ö öööɌ·êĤËöÞºɌ×½
Ãü½Ä¬āɌ Yāà ā ×ÚË£ÞËÚà +˺êÞà V˺êÞÃɇ āÚËā¬·Ã ā ɬì½Ɇ Þº½×ʱ·êÄ¤ËąÞºɌ×½
üÚºê ɵ;ËÃæɷ ×ÚāìÚā ßö¬æɇ ×ËāÄ· Ë æË ·Þæ ×Úāü·ĂÅ ¬ Ë ·Þæ ö
Ąü¬ê Ä·öĄÄ¬·ÞāɌ .ÞæĬ· ÚÌöĬĄ ÃËĄ½¬öËß āËڤĬāËöĬ ½ ¤Úê×ü ā¬¬ Þ×ËæºÄ¬
êæËÚÞº¬¤Ë ā üæ 9êĤËöÞºɌ ]āā¤ÌÂü Ä ÞæÚËĬ ¬ÄæÚÄæËö·Ɍ
=æ· º½Þ
]āºË ā ¬ÄæÚÄæà ¬ ¤Úê× ā×Úāü·ĂĬËÄü©ɇ āöÞā öÞ׬ڷü© Þ¬¢
©ÂË׺ÌöɌ s æ½ ā¬Ãɇ ßĬ¤ ËÚā ×Úāü¤ËæËöĬ Ë º½ÞËö¤Ë
×ÚāÞæö¬Ä¬ ×æɌ ɵ=æ· º½ÞɷɌ ~ ×ËāËÚê āöüā·Ä ©¬ÞæËÚ¬ɇ ]ā꺷 ö Ä·½×Þāü©
¤Â¢¬· Ë×Ëö¬ß ö¬¤¬½¬·Ä Ë Ä·öĄÄ¬·Þāü© öÚæË߬©Ɇ ×Úāü·ĂĬ ¬ 9êĤɬËąɬÞº üæ 9êĤËöÞº ]×Ɍ;Ɍ ºÞ¬¢¤ÚĬ© ËÚā ÄɆ
¬Þæˬ ×ËäĬ ¬ÄÄüÃɌ ê½Ɍ ;Úü×Þº Ǿȃɇ ǼȀɬǼȄǾ sÚÞāöɇ V˽޺
ɬì½Ɇ Þº½×ʱ·êÄ¤ËąÞºɌ×½
5VYQT\QPQ \ TCFQʋEKɁ FNC 6YQLGL TCFQʋEK
> REW^IKS HSVSW]GL TVEKRMIRME YW^G^ʚ˒PM[MIRME (^MIGM SVE^ ^ ^EQMS[ERME HS TV^IHQMSXɹ[ RMIXY^MROS[]GL S SV]KMREPR]Q
HIWMKRMI TS[WXE] REW^I FEWIRMOM
2S[SG^IWRI TEWYNʈGI HS OE˵HIKS [RʚXV^E E ^EVE^IQ HENʈGI (^MIGMSQ QRɹWX[S VEHS˒GM SVE^ HSWOSREPI WX]QYPYNʈGI MGL
VS^[ɹN 7OSQTSRYN W[ɹN []QEV^SR] ^IWXE[ M GMIW^ WMʚ ^ VEHS˒GM 8[SNIKS (^MIGOE SVE^ ^ []NʈXOS[IKS HIWMKRY OXɹV] HPE 2MIKS
WX[SV^]I˒
56914<101 < 4#&1ʊ%+ɀ &.# 691,', 4#&1ʊ%+
1,(32:7$5=$/1< '(6,*1
1$ 5<1.8 2' 52.8
%$6(1< : 5ĸ1<&+ 2'&,(1,$&+
321$'&=$62:(- 6=$52ę&,
3,ā., : .2/25$&+
52=0,$5< %$6(1:
[[[ QMRMFI TP
;EPM^OE &IH&S\o NIWX RMI^EWXʈTMSR]Q XS[EV^]W^IQ TSHVɹ˵] HPE H^MIGM 8S FEKE˵
TSHVʚG^R] [EPM^OE HS NE^H] SVE^ ɹ˵OS TSHRɹ˵IO HS WEQSPSXY [ NIHR]Q QMRMFI$QMRMFI TP
5VYQT\QPQ \ TCFQʋEKɁ FNC 6YQLGL TCFQʋEK
> REW^IKS HSVSW]GL TVEKRMIRME YW^G^ʚ˒PM[MIRME (^MIGM SVE^ ^ ^EQMS[ERME HS TV^IHQMSXɹ[ RMIXY^MROS[]GL S SV]KMREPR]Q
HIWMKRMI TS[WXE] REW^I FEWIRMOM
2S[SG^IWRI TEWYNʈGI HS OE˵HIKS [RʚXV^E E ^EVE^IQ HENʈGI (^MIGMSQ QRɹWX[S VEHS˒GM SVE^ HSWOSREPI WX]QYPYNʈGI MGL
VS^[ɹN 7OSQTSRYN W[ɹN []QEV^SR] ^IWXE[ M GMIW^ WMʚ ^ VEHS˒GM 8[SNIKS (^MIGOE SVE^ ^ []NʈXOS[IKS HIWMKRY OXɹV] HPE 2MIKS
WX[SV^]I˒
56914<101 < 4#&1ʊ%+ɀ &.# 691,', 4#&1ʊ%+
1,(32:7$5=$/1< '(6,*1
1$ 5<1.8 2' 52.8
%$6(1< : 5ĸ1<&+ 2'&,(1,$&+
321$'&=$62:(- 6=$52ę&,
3,ā., : .2/25$&+
52=0,$5< %$6(1:
[[[ QMRMFI TP
;EPM^OE &IH&S\o NIWX RMI^EWXʈTMSR]Q XS[EV^]W^IQ TSHVɹ˵] HPE H^MIGM 8S FEKE˵
TSHVʚG^R] [EPM^OE HS NE^H] SVE^ ɹ˵OS TSHRɹ˵IO HS WEQSPSXY [ NIHR]Q QMRMFI$QMRMFI TP
%.) ŏ.+6,+ 6x ŏ 6% (*+Ä\ŏ3ŏāĊĊăŏ.+'1ŏČŏ#¨3*%!ŏ6 &)+3 ŏ/%xŏ,.+ 1' &Nŏ .0ŏ/6'+(*+ŏġŏ %1.+35 $ŏ& 'ŏ, ,%!.5ŏ'+(+.+3!Čŏ' .0+*5ŏ'+(+.+3!Čŏ'+/0'%ŏ %1.+3!ŏ
'+(+.+3!ŏ%ŏ % !ŏ+. 6ŏ3%!(!ŏ%**5 $ċŏ .xŏ( 0ŏ+ ŏ.+6,+ 6x % ŏ 6% (*+Ä %ŏü.) ŏ ŏ 6 'ŏ/0 ŏ/%xŏ 5/0.5 10+.!)ŏ .0ċŏ/6'+(*5 $ŏ%ŏ %1.+35 $ċ
/6 ŏü.) ŏ6 +, 0.1&!ŏ3ĥ3ŏ,.+ 1'05ŏ +ŏ 6%/% &ŏ* &3%x'/6!ŏ$1.0+3*%!ŏ* ŏ + ' ., %1ċ
ŏĂĀāĀŏ.+'1ŏ6 &x(%Ä)5ŏ/%xŏ + 0'+3+ŏ,.+ 1' &Nŏ (+'¨3ŏ0! $*% 6*5 $ŏ%ŏ.5/1*'+35 $ŏ3ŏ3/65/0'% $ŏ +/0x,*5 $ŏ"+.) 0 $ŏ+. 6ŏ,.6!' !'ŏ%* !'/1&N 5 $ċŏ
ŏ05)ŏ/ )5)ŏ.+'1ŏ3!/6(%Ä)5ŏ* ŏ.5*!'ŏ%*0!.*!0+35ŏ# 6%!ŏ6ŏ' ø 5)ŏ.+'%!)ŏ+ *+/%)5ŏ +. 6ŏ3%x'/6!ŏ/1' !/5ċ
6%x'%ŏ/65 '+ŏ.+63%& &N !&ŏ/%xŏ/,.6! ø5ŏ35/5'+3!&ŏ3ŏ +(/ !ŏ* /6 ŏü.) ŏ3ŏ . 6+ŏ'.¨0'%)ŏ+'.!/%!ŏ 6 /1ŏ65/' ŏ/+ %!ŏ+#.+)*Nŏ.6!/6!ŏ'(%!*0¨3ċ
.65ŏ'+*0 '0 $ŏ6ŏ'(%!*0!)ŏ/0 3% )5ŏ/+ %!ŏ* ŏ !#+ŏ,!*!ŏ6 +3+(!*%!ŏ%ŏ/ 05/" ' &!ŏ6ŏ +'+* *5 $ŏ1ŏ* /ŏ6 '1,¨3ċŏ &!)5ŏ/+ %!ŏ/,. 3xŏø!ŏ 6 /ŏ0+ŏ
,%!*%N 6ŏ ( 0!#+ŏ* /6Nŏ)+ *Nŏ/0.+*Nŏ&!/0ŏ!'/,.!/+3!ŏ.! (%6 &!ŏ6 )¨3%!*% ċ
(+'ŏ.5/1*'+35ŏ
/6'+(*5
!* čŏĀČĊĆŏ6
(+*5ŏ,.!)%1)ŏ /0!(!ŏ+(!&*!ŏ
! *+.+ø! ŏāĂŅĥĆŏ/60 āĂŏ'+(+.¨3ŏ !*0!(
!* čŏąČĂĀŏ6 !* čŏćČĂĀŏ6
.+' 0ŏ/5,'%ŏ
ćŏ'+(+.¨3ŏąĉ#
!* čŏćČĀĀŏ6
( /0!(%* ŏ/6'+(* ŏ
ŏ /ŏĂąŏ'+(+.5 ( ) /0.5ŏĂąŏ'+(+.5
!* čŏĆČćĀŏ6 !* čŏąČąĀŏ6
333ċ/$ *ċ +)ċ,( ĉĉĂġĉāĆġăăĆ
%*"+Į/$ *ċ +)ċ,(
%.) ŏ.+6,+ 6x ŏ 6% (*+Ä\ŏ3ŏāĊĊăŏ.+'1ŏČŏ#¨3*%!ŏ6 &)+3 ŏ/%xŏ,.+ 1' &Nŏ .0ŏ/6'+(*+ŏġŏ %1.+35 $ŏ& 'ŏ, ,%!.5ŏ'+(+.+3!Čŏ' .0+*5ŏ'+(+.+3!Čŏ'+/0'%ŏ %1.+3!ŏ
'+(+.+3!ŏ%ŏ % !ŏ+. 6ŏ3%!(!ŏ%**5 $ċŏ .xŏ( 0ŏ+ ŏ.+6,+ 6x % ŏ 6% (*+Ä %ŏü.) ŏ ŏ 6 'ŏ/0 ŏ/%xŏ 5/0.5 10+.!)ŏ .0ċŏ/6'+(*5 $ŏ%ŏ %1.+35 $ċ
/6 ŏü.) ŏ6 +, 0.1&!ŏ3ĥ3ŏ,.+ 1'05ŏ +ŏ 6%/% &ŏ* &3%x'/6!ŏ$1.0+3*%!ŏ* ŏ + ' ., %1ċ
ŏĂĀāĀŏ.+'1ŏ6 &x(%Ä)5ŏ/%xŏ + 0'+3+ŏ,.+ 1' &Nŏ (+'¨3ŏ0! $*% 6*5 $ŏ%ŏ.5/1*'+35 $ŏ3ŏ3/65/0'% $ŏ +/0x,*5 $ŏ"+.) 0 $ŏ+. 6ŏ,.6!' !'ŏ%* !'/1&N 5 $ċŏ
ŏ05)ŏ/ )5)ŏ.+'1ŏ3!/6(%Ä)5ŏ* ŏ.5*!'ŏ%*0!.*!0+35ŏ# 6%!ŏ6ŏ' ø 5)ŏ.+'%!)ŏ+ *+/%)5ŏ +. 6ŏ3%x'/6!ŏ/1' !/5ċ
6%x'%ŏ/65 '+ŏ.+63%& &N !&ŏ/%xŏ/,.6! ø5ŏ35/5'+3!&ŏ3ŏ +(/ !ŏ* /6 ŏü.) ŏ3ŏ . 6+ŏ'.¨0'%)ŏ+'.!/%!ŏ 6 /1ŏ65/' ŏ/+ %!ŏ+#.+)*Nŏ.6!/6!ŏ'(%!*0¨3ċ
.65ŏ'+*0 '0 $ŏ6ŏ'(%!*0!)ŏ/0 3% )5ŏ/+ %!ŏ* ŏ !#+ŏ,!*!ŏ6 +3+(!*%!ŏ%ŏ/ 05/" ' &!ŏ6ŏ +'+* *5 $ŏ1ŏ* /ŏ6 '1,¨3ċŏ &!)5ŏ/+ %!ŏ/,. 3xŏø!ŏ 6 /ŏ0+ŏ
,%!*%N 6ŏ ( 0!#+ŏ* /6Nŏ)+ *Nŏ/0.+*Nŏ&!/0ŏ!'/,.!/+3!ŏ.! (%6 &!ŏ6 )¨3%!*% ċ
(+'ŏ.5/1*'+35ŏ
/6'+(*5
!* čŏĀČĊĆŏ6
(+*5ŏ,.!)%1)ŏ /0!(!ŏ+(!&*!ŏ
! *+.+ø! ŏāĂŅĥĆŏ/60 āĂŏ'+(+.¨3ŏ !*0!(
!* čŏąČĂĀŏ6 !* čŏćČĂĀŏ6
.+' 0ŏ/5,'%ŏ
ćŏ'+(+.¨3ŏąĉ#
!* čŏćČĀĀŏ6
( /0!(%* ŏ/6'+(* ŏ
ŏ /ŏĂąŏ'+(+.5 ( ) /0.5ŏĂąŏ'+(+.5
!* čŏĆČćĀŏ6 !* čŏąČąĀŏ6
333ċ/$ *ċ +)ċ,( ĉĉĂġĉāĆġăăĆ
%*"+Į/$ *ċ +)ċ,(
C?4E ; :0! '/ 6 ;!4E / ;E0C' /J
= PLÊRÐFLÃ L VWDUDQQRÐFLÃ ZÊDVQRUÇF]QLH WZRU]\P\ RU\JLQDOQH SURMHNW\ WDN DE\ E\Ê\ SLÇNQH L SUDNW\F]QH
3RWU]HEXMHV] NRPSOHNVRZHM Z\SUDZNL GOD QRZRURGND SUH]HQWX QD VSHFMDOQÃ RND]MÇ OXE NROHMQH XURG]LQ\ D PR×H XU]ÃG]DV] SRNµM GOD G]LHFND"
1LH PDV] SRMÇFLD FR Z\EUDÅ ] PQµVWZD SURGXNWµZ GRVWÇSQ\FK QD U\QNX OXE V]XNDV] XQLNDWRZ\FK Z]RUµZ" 'REU]H WUDĆÊDÐ
3RGSRZLHP &L L GRUDG]Ç D SRWHP VWZRU]Ç WR FR VSHÊQL 7ZRMH RF]HNLZDQLD
0DMÃF WUµMNÇ PDOXFKµZ MX× ZLHP NWµUH JDG×HW\ VÃ ]EÇGQH D FR MHVW DEVROXWQ\P ìPXVW KDYHë ' =DSUDV]DP
= PLÊRÐFLÃ L VWDUDQQRÐFLÃ ZÊDVQRUÇF]QLH WZRU]\P\ RU\JLQDOQH
SURMHNW\ WDN DE\ E\Ê\ SLÇNQH L SUDNW\F]QH 5HDOL]XMHP\ UµZQLH×
LQG\ZLGXDOQH ]DPµZLHQLD
ZZZ YLJDZLWKORYH SO
NRQWDNW#YLJDZLWKORYH SO
C?4E ; :0! '/ 6 ;!4E / ;E0C' /J
= PLÊRÐFLÃ L VWDUDQQRÐFLÃ ZÊDVQRUÇF]QLH WZRU]\P\ RU\JLQDOQH SURMHNW\ WDN DE\ E\Ê\ SLÇNQH L SUDNW\F]QH
3RWU]HEXMHV] NRPSOHNVRZHM Z\SUDZNL GOD QRZRURGND SUH]HQWX QD VSHFMDOQÃ RND]MÇ OXE NROHMQH XURG]LQ\ D PR×H XU]ÃG]DV] SRNµM GOD G]LHFND"
1LH PDV] SRMÇFLD FR Z\EUDÅ ] PQµVWZD SURGXNWµZ GRVWÇSQ\FK QD U\QNX OXE V]XNDV] XQLNDWRZ\FK Z]RUµZ" 'REU]H WUDĆÊDÐ
3RGSRZLHP &L L GRUDG]Ç D SRWHP VWZRU]Ç WR FR VSHÊQL 7ZRMH RF]HNLZDQLD
0DMÃF WUµMNÇ PDOXFKµZ MX× ZLHP NWµUH JDG×HW\ VÃ ]EÇGQH D FR MHVW DEVROXWQ\P ìPXVW KDYHë ' =DSUDV]DP
= PLÊRÐFLÃ L VWDUDQQRÐFLÃ ZÊDVQRUÇF]QLH WZRU]\P\ RU\JLQDOQH
SURMHNW\ WDN DE\ E\Ê\ SLÇNQH L SUDNW\F]QH 5HDOL]XMHP\ UµZQLH×
LQG\ZLGXDOQH ]DPµZLHQLD
ZZZ YLJDZLWKORYH SO
NRQWDNW#YLJDZLWKORYH SO
; C.~ =;. = ~. .
*MVQE /%1(3 XS FEVH^S ^RER] HSWXE[GE QEXIVMEɹ[ SHFPEWOS[]GL [ )YVSTMI ˒VSHOS[S
[WGLSHRMIN 2EW^I HS˒[MEHG^IRMI RE V]ROY TV^]G^]RMS WMʚ HS XIKS ˵I K[EVERXYNIQ] HSWOSREʈ +g]cy J = ];Js
NEOS˒ʊ SJIVS[ER]GL TVSHYOXɹ[ SHFPEWOS[]GL ; ^[Mʈ^OY ^ X]Q ˵I TSPMG]NRI WXEX]WX]OM
TSX[MIVH^ENʈ OSRMIG^RS˒ʊ RSW^IRME SHFPEWOɹ[ REW^E JMVQE []GLSH^M RE TV^IGM[ OPMIRXSQ Ʌ ÚæüĈºæ ËÄü æü×ê s DÚ s ɒ]ɒǾȁǿǽɒǾǼǽȂ
SJIVYNʈG TVSJIWNSREPRʈ SFWYKʚ M OSV^]WXRʈ GIRʚ Ʌ öüºËÄÄ ā ā¬Ä¬Äü ĉêËÚÞÄü·Ä·
Ʌ ā öÞāüæüà ×Þà ˽޺ËöüÃ
2EW^]QM OPMIRXEQM Wʈ TVEW^]QM OPMIRXEQM Wʈ TV^IHI [W^]WXOMQ YV^ʚH] TEʿWX[S[I TSPMGNE E XEO˵I JMVQ] OSQIVG]NRI OXɹVI
2 Ʌ ºË½ËÚɆ ĄÌÂæüɇ ā¬½ËÄüɇ Ĭ¬Þº¬ɇ ×ËÃÚÅāËöüɇ
YQMIW^G^ENʈ W[SNI PSKS M X]Q WEQ]Q TVSTEKYNʈ FI^TMIG^IʿWX[S RE HVSH^I ;]OSRYNIQ] TVSNIOX]
REHVYOɹ[ M []W]EQ] [M^YEPM^EGNʚ OSQTYXIVS[ʈ HS EOGITXEGNM .IWXI˒Q] Vɹ[RMI˵ IPEWX]G^RM NI˵IPM ÚÌĄËöü ¬ ¬Âü
GLSH^M S MRH][MHYEPRI ^PIGIRME 1EQ] HY˵S EXVEOG]NR]GL TSQ]Wɹ[ WY˵]Q] VEHʈ GS HS Ʌ Ë āÂ˥Ĭ Ä Þāü·¢ ½ê ¤ÂËö¢
Ʌ ÚËāÃ¬Ú ȀȂûȀȂûȂȂ Ã
Ʌ
MRH][MHYEPR]GL OW^XEXɹ[ M ^ETI[RMEQ] OVɹXOMI XIVQMR] VIEPM^EGNM
Ʌ ÃËĄ½¬öËß öüºËÄĬ ¬Äüö¬ê½Ä¤Ë ÄÚêºê
]~ =;. J = ];Js
Ʌ ÚæüĈºæ ËÄü æü×ê s DÚ s ɒ]ɒǾȁǿǼɒǾǼǽȂ
Ʌ ¬½Ä Ë©ÚËÄ Ë½ÞºËö ½ ā¬¬
Ʌ ÃæÚ¬ÂɆ ā¬Ä¬Ä ĉêËÚÞÄü·Ä ā ö¤ÚāÄüÃ
×Þà ˽޺ËöüÃ
Ʌ ÚËāÃ¬Ú êĬöÚÞ½Äü
Ʌ ÃËĄ½¬öËß ¬Äüö¬ê½Ä¤Ë ÄÚêºê
sJY;JɬV= ;.
t ÚæüĈºæ ËÄü æü×ê s DÚ s ɒ]ɒǾȁǿǾɒǾǼǽȂ
t ×ÚāāÄāĬ Ä êæü ½ê ÞæÚÌ· ¤¬ÃÄÞæüāÄü
t öüºËÄÄü ā æºÄ¬Äü ĉêËÚÞÄü·Ä·
ā öÞāüæüà ×Þà ˽޺Ëöüà ā¤ËÄüà ā ÄËÚà DȀȃǽ
t öüìÚüɆ ǿǾ û ǿȅ Ã
t ºË½ËÚüɆ ĄÌÂæüɇ ×ËÃÚÅāËöüɇ ā¬½ËÄüɇ Ĭ¬Þº¬ɇ ÚÌĄËöüɇ āÚÄü
t
t öüºËÄê·Ãü ¬Äüö¬ê½Ä ÄÚ꺬
~ V;. = ~. . . JYJ]By +
t ºË½ËÚɆ ĄÌÂæüɇ ×ËÃÚÅāËöüɇ ¤ÚÄæËöüɇ āÚÄüɇ āÚöËÄü
t öüºËÄÄ ā ×Úāö¬öÄ·ɇ ½ÞæüāÄ· ā¬Ä¬Äü ×˽¬ÞæÚËö·
t ā æßà ˽޺Ëö
t ā ˽޺Ëöüà ×Þº¬Ã
t ā׬ÄÄ Ä Úā×
t ÃËĄ½¬öËß öüºËÄĬ ÄÚêºê
öööɌºÃ¬ā½º¬Ë½ÞºËöɌËÃɌ×½
āÃËö¬Ä¬ʱºÃ¬ā½º¬Ë½ÞºËöɌËÃɌ×½
; C.~ =;. = ~. .
*MVQE /%1(3 XS FEVH^S ^RER] HSWXE[GE QEXIVMEɹ[ SHFPEWOS[]GL [ )YVSTMI ˒VSHOS[S
[WGLSHRMIN 2EW^I HS˒[MEHG^IRMI RE V]ROY TV^]G^]RMS WMʚ HS XIKS ˵I K[EVERXYNIQ] HSWOSREʈ +g]cy J = ];Js
NEOS˒ʊ SJIVS[ER]GL TVSHYOXɹ[ SHFPEWOS[]GL ; ^[Mʈ^OY ^ X]Q ˵I TSPMG]NRI WXEX]WX]OM
TSX[MIVH^ENʈ OSRMIG^RS˒ʊ RSW^IRME SHFPEWOɹ[ REW^E JMVQE []GLSH^M RE TV^IGM[ OPMIRXSQ Ʌ ÚæüĈºæ ËÄü æü×ê s DÚ s ɒ]ɒǾȁǿǽɒǾǼǽȂ
SJIVYNʈG TVSJIWNSREPRʈ SFWYKʚ M OSV^]WXRʈ GIRʚ Ʌ öüºËÄÄ ā ā¬Ä¬Äü ĉêËÚÞÄü·Ä·
Ʌ ā öÞāüæüà ×Þà ˽޺ËöüÃ
2EW^]QM OPMIRXEQM Wʈ TVEW^]QM OPMIRXEQM Wʈ TV^IHI [W^]WXOMQ YV^ʚH] TEʿWX[S[I TSPMGNE E XEO˵I JMVQ] OSQIVG]NRI OXɹVI
2 Ʌ ºË½ËÚɆ ĄÌÂæüɇ ā¬½ËÄüɇ Ĭ¬Þº¬ɇ ×ËÃÚÅāËöüɇ
YQMIW^G^ENʈ W[SNI PSKS M X]Q WEQ]Q TVSTEKYNʈ FI^TMIG^IʿWX[S RE HVSH^I ;]OSRYNIQ] TVSNIOX]
REHVYOɹ[ M []W]EQ] [M^YEPM^EGNʚ OSQTYXIVS[ʈ HS EOGITXEGNM .IWXI˒Q] Vɹ[RMI˵ IPEWX]G^RM NI˵IPM ÚÌĄËöü ¬ ¬Âü
GLSH^M S MRH][MHYEPRI ^PIGIRME 1EQ] HY˵S EXVEOG]NR]GL TSQ]Wɹ[ WY˵]Q] VEHʈ GS HS Ʌ Ë āÂ˥Ĭ Ä Þāü·¢ ½ê ¤ÂËö¢
Ʌ ÚËāÃ¬Ú ȀȂûȀȂûȂȂ Ã
Ʌ
MRH][MHYEPR]GL OW^XEXɹ[ M ^ETI[RMEQ] OVɹXOMI XIVQMR] VIEPM^EGNM
Ʌ ÃËĄ½¬öËß öüºËÄĬ ¬Äüö¬ê½Ä¤Ë ÄÚêºê
]~ =;. J = ];Js
Ʌ ÚæüĈºæ ËÄü æü×ê s DÚ s ɒ]ɒǾȁǿǼɒǾǼǽȂ
Ʌ ¬½Ä Ë©ÚËÄ Ë½ÞºËö ½ ā¬¬
Ʌ ÃæÚ¬ÂɆ ā¬Ä¬Ä ĉêËÚÞÄü·Ä ā ö¤ÚāÄüÃ
×Þà ˽޺ËöüÃ
Ʌ ÚËāÃ¬Ú êĬöÚÞ½Äü
Ʌ ÃËĄ½¬öËß ¬Äüö¬ê½Ä¤Ë ÄÚêºê
sJY;JɬV= ;.
t ÚæüĈºæ ËÄü æü×ê s DÚ s ɒ]ɒǾȁǿǾɒǾǼǽȂ
t ×ÚāāÄāĬ Ä êæü ½ê ÞæÚÌ· ¤¬ÃÄÞæüāÄü
t öüºËÄÄü ā æºÄ¬Äü ĉêËÚÞÄü·Ä·
ā öÞāüæüà ×Þà ˽޺Ëöüà ā¤ËÄüà ā ÄËÚà DȀȃǽ
t öüìÚüɆ ǿǾ û ǿȅ Ã
t ºË½ËÚüɆ ĄÌÂæüɇ ×ËÃÚÅāËöüɇ ā¬½ËÄüɇ Ĭ¬Þº¬ɇ ÚÌĄËöüɇ āÚÄü
t
t öüºËÄê·Ãü ¬Äüö¬ê½Ä ÄÚ꺬
~ V;. = ~. . . JYJ]By +
t ºË½ËÚɆ ĄÌÂæüɇ ×ËÃÚÅāËöüɇ ¤ÚÄæËöüɇ āÚÄüɇ āÚöËÄü
t öüºËÄÄ ā ×Úāö¬öÄ·ɇ ½ÞæüāÄ· ā¬Ä¬Äü ×˽¬ÞæÚËö·
t ā æßà ˽޺Ëö
t ā ˽޺Ëöüà ×Þº¬Ã
t ā׬ÄÄ Ä Úā×
t ÃËĄ½¬öËß öüºËÄĬ ÄÚêºê
öööɌºÃ¬ā½º¬Ë½ÞºËöɌËÃɌ×½
āÃËö¬Ä¬ʱºÃ¬ā½º¬Ë½ÞºËöɌËÃɌ×½
3°ñē Ñ ñÝ°ã÷ĖÄȤ ÜüèôÄ ñçüôĖÄ»þÛļÑÄȩ
4ÑÄÜüèôÄ ã°÷ĖÄ ñôçÀþÜüē ñç÷Ñ°À°Û· ¼ÄôüēķÜ°ü øôçÀÜèđ ÀēÀ°Üüē¼Ėãē¼Ð Ė°Ýļ°ãē¼Ð Àç þęēüÜþ ÷ĖÜçÝãÄÎçȩ
ã°À°ãē ñôĖÄĖ 3ÑãÑ÷üô° ÀþÜ°¼ÛÑ 4°ôçÀçđÄÛ Ñ HñçôüþȮ
1DV]D RIHUWD WR SRPRFH G\GDNW\F]QH PDS\ V]NROQH PDS\ ǴFLHQQH SODQV]H HGXNDF\MQH SODQV]H MǗ]\NRZH WDEOLFH LQWHUDNW\ZQH
SURJUDP\ HGXNDF\MQH SRPRFH L JU\ SU]HGV]NROQH WDEOLFH G\GDNW\F]QH JOREXV\ RUD] ODPLQRZDQH PDH IRUPDW\ SRGNDGNL QD
ELXUNR :V]\VWNLH SODQV]H G\GDNW\F]QH L PDS\ Vnj REXVWURQQLH ODPLQRZDQH PDMnj GXJnj Ȉ\ZRWQRǴǎ L ]DFKRZXMnj WUZDRǴǎ NRORUyZ
HL# . NE8 EL -ôē÷üÑ°ã -çâ°ãÀÄô
8Àôçđ·ę þÝȩ XÑÄÛ÷Ü° Ƶƻ Ȥ ƸƻɎƷƵƺ èô°ęÀęÄ
üÄÝȩȣ ʖƸƼ ƻƻ Ƹƺƻƻ ƷƼƼȤ âç»ÑÝȣ ʖƸƼ ƹƴƶ ƹƶƸ ƺƼƽ
đđđȮâ°ñē÷ĖÜçÝãÄȮñÝ
3°ñē Ñ ñÝ°ã÷ĖÄȤ ÜüèôÄ ñçüôĖÄ»þÛļÑÄȩ
4ÑÄÜüèôÄ ã°÷ĖÄ ñôçÀþÜüē ñç÷Ñ°À°Û· ¼ÄôüēķÜ°ü øôçÀÜèđ ÀēÀ°Üüē¼Ėãē¼Ð Ė°Ýļ°ãē¼Ð Àç þęēüÜþ ÷ĖÜçÝãÄÎçȩ
ã°À°ãē ñôĖÄĖ 3ÑãÑ÷üô° ÀþÜ°¼ÛÑ 4°ôçÀçđÄÛ Ñ HñçôüþȮ
1DV]D RIHUWD WR SRPRFH G\GDNW\F]QH PDS\ V]NROQH PDS\ ǴFLHQQH SODQV]H HGXNDF\MQH SODQV]H MǗ]\NRZH WDEOLFH LQWHUDNW\ZQH
SURJUDP\ HGXNDF\MQH SRPRFH L JU\ SU]HGV]NROQH WDEOLFH G\GDNW\F]QH JOREXV\ RUD] ODPLQRZDQH PDH IRUPDW\ SRGNDGNL QD
ELXUNR :V]\VWNLH SODQV]H G\GDNW\F]QH L PDS\ Vnj REXVWURQQLH ODPLQRZDQH PDMnj GXJnj Ȉ\ZRWQRǴǎ L ]DFKRZXMnj WUZDRǴǎ NRORUyZ
HL# . NE8 EL -ôē÷üÑ°ã -çâ°ãÀÄô
8Àôçđ·ę þÝȩ XÑÄÛ÷Ü° Ƶƻ Ȥ ƸƻɎƷƵƺ èô°ęÀęÄ
üÄÝȩȣ ʖƸƼ ƻƻ Ƹƺƻƻ ƷƼƼȤ âç»ÑÝȣ ʖƸƼ ƹƴƶ ƹƶƸ ƺƼƽ
đđđȮâ°ñē÷ĖÜçÝãÄȮñÝ
cāº ā ¤êú Ȁ cāº ā ¤êú cāº ā Úāº ¤Úê &½ËêÞ ĈāüāÄü ǽǽǼÃà ;˽ËÚËöĺ ɬ D ׬ºÄ¬ºê ;˽ËÚËöĺ VÚāü·¬½
æËÃÌöº¬ Ȁ ÚÞ C¬ÄĬ ~©Ã ÃÂ׺¬ ɬ ;˽ËÚê·¢ ¬ ĺ½·Ã
ÄɆ ȀɌȀǾ āÂ ÄɆ ǿɌǾǾ āÂ ÄɆ ǾȃɌǽȂ āÂ ÄɆ ǽǼɌȃȂ āÂ ÄɆ ȀɌȀǽ āÂ ÄɆ ȃɌȂȂ āÂ
V½º Ë ×ÚāÞāºË½ V½º Ë ×ÚāÞāºË½ V½º Ë ×ÚāÞāºË½ ìĬ &Ú &Ä· Ë ½ê ö VY=ɬg &Ú sü¤¬·æêÞ ½ûÄÚ &Ú ¬ê¬êº
Ú¬ ]æÚ =¬¤©æ % Ú½ËÄ ÄË×ÚÄËöü ]Ëö ½ûÄÚ ½ûÄÚ
ÄɆ ȁǼɌǼǼ āÂ ÄɆ ȂǽɌǿǼ āÂ ÄɆ ȁȁɌȀȅ āÂ ÄɆ ǿȀɌȀǽ āÂ ÄɆ ȀȅɌȅȂ āÂ ÄɆ ǾǿɌǿǽ āÂ
%Úü ö¬æÚĄËö ;½· ā Ú˺æà ÃËÞ ;½· ā Ú˺æà ÃËÞ ~Þæö ×êāā½¬ Ë ÚüÞËöĬ Vêāā½ ǾȀ Cû¬ D·½×Þ¬ Vêāā½ ǽǼǼ =ËËö
ÃËÞ Ȃ ºË½ËÚÌö &r ǽǼVǽȄ & =ǽǼ ǽǼ Ú¬Ë õÄæêÚÞ ×Úāü·¬½ ~ËÞ¬ ×Úāü¤Ë ÚÞ cÚĉ
ÄɆ ȁǽɌǾȄ āÂ ÄɆ ǾȁɌȃȁ āÂ ÄɆ ǽȀɌȅȀ āÂ ÄɆ ȂȃɌȅǾ āÂ ÄɆ ǾǾɌǼȅ āÂ ÄɆ ǽǾɌȂȂ āÂ
ZZZ ELXUZD SO
8IP /SQ FMYVS$FMYV[E TP
cāº ā ¤êú Ȁ cāº ā ¤êú cāº ā Úāº ¤Úê &½ËêÞ ĈāüāÄü ǽǽǼÃà ;˽ËÚËöĺ ɬ D ׬ºÄ¬ºê ;˽ËÚËöĺ VÚāü·¬½
æËÃÌöº¬ Ȁ ÚÞ C¬ÄĬ ~©Ã ÃÂ׺¬ ɬ ;˽ËÚê·¢ ¬ ĺ½·Ã
ÄɆ ȀɌȀǾ āÂ ÄɆ ǿɌǾǾ āÂ ÄɆ ǾȃɌǽȂ āÂ ÄɆ ǽǼɌȃȂ āÂ ÄɆ ȀɌȀǽ āÂ ÄɆ ȃɌȂȂ āÂ
V½º Ë ×ÚāÞāºË½ V½º Ë ×ÚāÞāºË½ V½º Ë ×ÚāÞāºË½ ìĬ &Ú &Ä· Ë ½ê ö VY=ɬg &Ú sü¤¬·æêÞ ½ûÄÚ &Ú ¬ê¬êº
Ú¬ ]æÚ =¬¤©æ % Ú½ËÄ ÄË×ÚÄËöü ]Ëö ½ûÄÚ ½ûÄÚ
ÄɆ ȁǼɌǼǼ āÂ ÄɆ ȂǽɌǿǼ āÂ ÄɆ ȁȁɌȀȅ āÂ ÄɆ ǿȀɌȀǽ āÂ ÄɆ ȀȅɌȅȂ āÂ ÄɆ ǾǿɌǿǽ āÂ
%Úü ö¬æÚĄËö ;½· ā Ú˺æà ÃËÞ ;½· ā Ú˺æà ÃËÞ ~Þæö ×êāā½¬ Ë ÚüÞËöĬ Vêāā½ ǾȀ Cû¬ D·½×Þ¬ Vêāā½ ǽǼǼ =ËËö
ÃËÞ Ȃ ºË½ËÚÌö &r ǽǼVǽȄ & =ǽǼ ǽǼ Ú¬Ë õÄæêÚÞ ×Úāü·¬½ ~ËÞ¬ ×Úāü¤Ë ÚÞ cÚĉ
ÄɆ ȁǽɌǾȄ āÂ ÄɆ ǾȁɌȃȁ āÂ ÄɆ ǽȀɌȅȀ āÂ ÄɆ ȂȃɌȅǾ āÂ ÄɆ ǾǾɌǼȅ āÂ ÄɆ ǽǾɌȂȂ āÂ
ZZZ ELXUZD SO
8IP /SQ FMYVS$FMYV[E TP
23$6.$ Ï:,(&Â&$ 52*, 5(1,)(5$
23$6.$ Ï:,(&Â&$ å 52*, 5(1,)(5$
5RJL SU]\PRFRZDQH VÃ GR SODVWLNRZHM RSDVNL NWµUD VWDELOQLH
XWU]\PXMH MH QD JÊRZLH :HZQÃWU] ]QDMGXMÃ VLÇ EDWHULH G]LÇNL
12:232:67$É$ +8572:1,$ '/$ 35=('6=.2/, F]HPX RSDVND MHVW JRWRZD GR X×\FLD
6=.É $1,0$725: (9(172:&: .RORU F]HUZRQ\
]Ê ] 9$7
ZZZ +XUWRZQLD$QLPDWRUD SO WR Z\MÃWNRZ\ VNOHS LQWHUQHWRZ\ Z NWµU\P
]QDMG]LHV] DNFHVRULD QLH]EÇGQH GR SUDF\ 3HGDJRJD $QLPDWRUD (YHQWRZFD
+XUWRZQLD$QLPDWRUD SO SRVLDGD ERJDWÃ RIHUWÇ Z\VRNLHM MDNRÐFL DNFHVRULµZ .2/252:$1., ' å 12:< 75(1' 1$ 5<1.8
Z EDUG]R GREU\FK FHQDFK 0LÊD REVÊXJD V]\END Z\V\ÊND .5($7<:1<&+ =$%$:(.
=PDOXMP\ FRÐ NUHDW\ZQHJR .RORURZDQNL Z\ÊÃF]QLH GOD
QDMPÊRGV]\FK" $OH× VNÃG 2GNÃG QLH]Z\NÊÃ NDULHUÇ ]URELÊ\
5$%$78 NRORURZDQNL GOD GRURVÊ\FK QLNW MX× QLH PD ZÃWSOLZRÐFL ×H WD
IRUPD UR]U\ZNL MHVW GRVNRQDÊD GOD PDÊ\FK L GX×\FK
GR NRÌFD URNX QD ZV]\VNLH ]DPµZLHQLD SRZ ]Ê ]D SURGXNW\ ]Ê ] 9$7
Z NRV]\NX QLH ZOLF]DMÃF NRV]WµZ Z\V\ÊNL
KXUWRZQLDDQLPDWRUD SO
WHO
ZZZ KXUWRZQLDDQLPDWRUD SO
ERN#KXUWRZQLDDQLPDWRUD SO
23$6.$ Ï:,(&Â&$ 52*, 5(1,)(5$
23$6.$ Ï:,(&Â&$ å 52*, 5(1,)(5$
5RJL SU]\PRFRZDQH VÃ GR SODVWLNRZHM RSDVNL NWµUD VWDELOQLH
XWU]\PXMH MH QD JÊRZLH :HZQÃWU] ]QDMGXMÃ VLÇ EDWHULH G]LÇNL
12:232:67$É$ +8572:1,$ '/$ 35=('6=.2/, F]HPX RSDVND MHVW JRWRZD GR X×\FLD
6=.É $1,0$725: (9(172:&: .RORU F]HUZRQ\
]Ê ] 9$7
ZZZ +XUWRZQLD$QLPDWRUD SO WR Z\MÃWNRZ\ VNOHS LQWHUQHWRZ\ Z NWµU\P
]QDMG]LHV] DNFHVRULD QLH]EÇGQH GR SUDF\ 3HGDJRJD $QLPDWRUD (YHQWRZFD
+XUWRZQLD$QLPDWRUD SO SRVLDGD ERJDWÃ RIHUWÇ Z\VRNLHM MDNRÐFL DNFHVRULµZ .2/252:$1., ' å 12:< 75(1' 1$ 5<1.8
Z EDUG]R GREU\FK FHQDFK 0LÊD REVÊXJD V]\END Z\V\ÊND .5($7<:1<&+ =$%$:(.
=PDOXMP\ FRÐ NUHDW\ZQHJR .RORURZDQNL Z\ÊÃF]QLH GOD
QDMPÊRGV]\FK" $OH× VNÃG 2GNÃG QLH]Z\NÊÃ NDULHUÇ ]URELÊ\
5$%$78 NRORURZDQNL GOD GRURVÊ\FK QLNW MX× QLH PD ZÃWSOLZRÐFL ×H WD
IRUPD UR]U\ZNL MHVW GRVNRQDÊD GOD PDÊ\FK L GX×\FK
GR NRÌFD URNX QD ZV]\VNLH ]DPµZLHQLD SRZ ]Ê ]D SURGXNW\ ]Ê ] 9$7
Z NRV]\NX QLH ZOLF]DMÃF NRV]WµZ Z\V\ÊNL
KXUWRZQLDDQLPDWRUD SO
WHO
ZZZ KXUWRZQLDDQLPDWRUD SO
ERN#KXUWRZQLDDQLPDWRUD SO
.ROHNFMH QDV]HJR REXZLD GRFHQLDQH VÆ QLH W\ONR Z 3ROVFH %XW\ G]LHFLØFH NW´UH SURGXNXMHP\ RUD] F]ØėFLHM ]QDMGXMÆ
X]QDQLH QD U\QNDFK ZLHOX HXURSHMVNLFK NUDM´Z 6WDUDQQH Z\NRQDQLH QRZRF]HVQH Z]RUQLFWZR D SU]HGH ZV]\VWNLP
Z\JRGD L NRPIRUW GOD G]LHFND WR FHO QDV]HM ILUP\
)LUPD =(732/ ]DMPXMH VLØ SURGXNFMÆ WHNVW\OQHJR REXZLD GOD G]LHFL RG SUDZLH
GZXG]LHVWX ODW =GRE\WH SU]H] WHQ F]DV GRėZLDGF]HQLH SR]ZDOD ]DRIHURZDÈ 3DăVWZX REXZLH
G]LHFLØFH QDMZ\ĶV]HM MDNRėFL
3URMHNWRZDQH SU]H] VSHFMDOLVW´Z SR]ZDOD ]DSHZQLÈ NRPIRUW FKRG]HQLD D MHGQRF]HėQLH LFK
GHVLJQ MHVW SU]\MHPQ\ GOD RND : WURVFH R ]GURZLH G]LHFL SURSRQXMHP\ REXZLH ] ZNāDGNÆ
DNXSUHVXURZÆ L ZNāDGNÆ SIRULODNW\F]QÆ
=(732/ 35=<-$&,(/
'=,(&,×&<&+ 673
3RVLDGDMÇF NLONXG]LHVLÙFLROHWQLH GRĘZLDGF]HQLH ĘPLDĂR PRķHP\ SRZLHG]LHÉ ķH QDV]H
REXZLH MHVW REHFQLH MHGQ\PL ] OHSV]\FK GRVWÙSQ\FK QD U\QNX
ZZZ ]HWSRO SO
]HWSRO#]HWSRO SO
3RF]HVQD N &]ÙVWRFKRZ\ XO 3RĂXGQLRZD
WHO ID[ WHO
.ROHNFMH QDV]HJR REXZLD GRFHQLDQH VÆ QLH W\ONR Z 3ROVFH %XW\ G]LHFLØFH NW´UH SURGXNXMHP\ RUD] F]ØėFLHM ]QDMGXMÆ
X]QDQLH QD U\QNDFK ZLHOX HXURSHMVNLFK NUDM´Z 6WDUDQQH Z\NRQDQLH QRZRF]HVQH Z]RUQLFWZR D SU]HGH ZV]\VWNLP
Z\JRGD L NRPIRUW GOD G]LHFND WR FHO QDV]HM ILUP\
)LUPD =(732/ ]DMPXMH VLØ SURGXNFMÆ WHNVW\OQHJR REXZLD GOD G]LHFL RG SUDZLH
GZXG]LHVWX ODW =GRE\WH SU]H] WHQ F]DV GRėZLDGF]HQLH SR]ZDOD ]DRIHURZDÈ 3DăVWZX REXZLH
G]LHFLØFH QDMZ\ĶV]HM MDNRėFL
3URMHNWRZDQH SU]H] VSHFMDOLVW´Z SR]ZDOD ]DSHZQLÈ NRPIRUW FKRG]HQLD D MHGQRF]HėQLH LFK
GHVLJQ MHVW SU]\MHPQ\ GOD RND : WURVFH R ]GURZLH G]LHFL SURSRQXMHP\ REXZLH ] ZNāDGNÆ
DNXSUHVXURZÆ L ZNāDGNÆ SIRULODNW\F]QÆ
=(732/ 35=<-$&,(/
'=,(&,×&<&+ 673
3RVLDGDMÇF NLONXG]LHVLÙFLROHWQLH GRĘZLDGF]HQLH ĘPLDĂR PRķHP\ SRZLHG]LHÉ ķH QDV]H
REXZLH MHVW REHFQLH MHGQ\PL ] OHSV]\FK GRVWÙSQ\FK QD U\QNX
ZZZ ]HWSRO SO
]HWSRO#]HWSRO SO
3RF]HVQD N &]ÙVWRFKRZ\ XO 3RĂXGQLRZD
WHO ID[ WHO
3°ñē Ñ ñÝ°ã÷ĖÄȤ ÜüèôÄ ñçüôĖÄ»þÛļÑÄȩ
4ÑÄÜüèôÄ ã°÷ĖÄ ñôçÀþÜüē ñç÷Ñ°À°Û· ¼ÄôüēķÜ°ü øôçÀÜèđ ÀēÀ°Üüē¼Ėãē¼Ð Ė°Ýļ°ãē¼Ð Àç þęēüÜþ ÷ĖÜçÝãÄÎçȩ ã°À°ãē ñôĖÄĖ 3ÑãÑ÷üô° ÀþÜ°¼ÛÑ 4°ôçÀçđÄÛ Ñ HñçôüþȮ
B. 4H]
XēÀ°đãѼüđ° HL# . NE8 EL á·¼Ė·¼ üô°Àē¼ēÛãÄ Ñ ãçđç¼ĖÄ÷ãÄ ñçâç¼Ä
ÀēÀ°Üüē¼ĖãÄ Àç đ÷ñÑÄô°ãÑ° Ñããçđ°¼ēÛãē¼Ð Íçôâ Ü÷Ėü°á¼ÄãÑ° çÍÄôþÛÄ ñçã°À Ƶƴƴ
üēüþáèđ ñÝ°ã÷Ė ÄÀþÜ°¼ēÛãē¼Ð Ɏ ø¼ÑÄããē¼Ðȩ çΰüÄ đ üôÄø¼ÑȤ ç»ô°ĖēȤ đēÜôÄ÷ēȤ
÷¼ÐÄâ°üēȤ ½đѼĖÄãÑ° Ñ ÑãÍçôâ°¼ÛÄ ñÝ°ã÷ĖÄ ÷· ¼Äããēâ ėôèÀáÄâ đÑÄÀĖē ÀÝ°
þ¼ĖãÑèđ ÷ĖÜèá ñçÀ÷ü°đçđē¼ÐȤ ÎÑâã°ĖÛèđ Ñ ÷ĖÜèá øôÄÀãѼÐȩ
3 BZ H]-8.4
XēÀ°đãѼüđ° HL# . NE8 EL đ ÷đçÛÄÛ çÍÄô¼ÑÄ
ñôçñçãþÛÄ ñçã°À ƽƴ üēüþáèđ â°ñ đ üēâ ÀĖÑ°á ÷ĖÜçÝãē
Ė â°ñ°âÑ ķĖē¼ĖãēâÑȤ ñçÝÑüē¼ĖãēâÑȣ IđÑ°ü°Ȥ þôçñēȤ
ÜçãüēãÄãüèđȤ ñ°ä÷üđ çô°Ė â°ñē ÀÝ° ķôâȣ ÀôçÎçđÄȤ
ÜçÀçđÄȤ çôΰãÑĖ°¼ēÛãÄȤ ñ°ãçô°âѼĖãÄ Ñ ÷°üÄÝÑü°ôãÄȩ
B838 BE] H]-8.4
4çđç¼ĖÄ÷ãÄ ¼ēÍôçđÄ ÑãüÄô°ÜüēđãÄ ã°ôĖÌÀĖÑ° Àç ã°þ¼Ė°ãÑ° ÀĖÑÄ¼Ñ đ đÑÄÜþ ñôĖÄÀ÷ĖÜçÝãēâ Ñ ÷ĖÜçÝãēâȤ ñôçÎô°âē
ÑãüÄô°ÜüēđãÄȤ ñÝ°ã÷ĖÄ Àç ÎÑÄô Ñ Ė°»°đȤ ÜÝç¼ÜÑ BçÝēÀôçãȤ çô°Ė üô°Àē¼ēÛãÄ ñÝ°ã÷ĖÄ ø¼ÑÄããÄ Üçã¼ÄãüôþÛ· ÷ÑÌ ã°
đ÷ĖļÐ÷üôçããēâ ôçĖđçÛþ ç÷ç»çđçø¼Ñ ÀĖÑļܰȩ HüēâþÝþÛ· çãÄ ÝçÎѼĖãÄ âēøÝÄãÑÄȤ þâÑÄÛÌüãçø¼Ñ ÜçâþãÑÜ°¼ēÛãÄȤ
ñç÷üôĖÄΰãÑÄ çôÑÄãü°¼ÛÑ ñôĖÄ÷üôĖÄããÄÛ çô°Ė ôçĖđèÛ þâÑÄÛÌüãçø¼Ñ âçüçôē¼Ėãē¼Ðȩ X÷Ėē÷üÜÑÄ ñçâç¼Ä ÀēÀ°Üüē¼ĖãÄ
ñôçâçđ°ãÑ° ÄÀþÜ°¼ÛÑ Ñ þ¼ĖÄãÑ° ÷ÑÌ ñôĖÄĖ Ė°»°đÌ ÷· ĖÎçÀãÄ Ė ãçôâ°âÑ »ÄĖñÑļĖÄä÷üđ° NãÑÑ þôçñÄÛ÷ÜÑÄÛȩ
48X8I
3°ñ° øđÑ°ü° ÀÝ° ÀĖÑļÑ
HL# . NE8 EL -ôē÷üÑ°ã -çâ°ãÀÄô
8Àôçđ·ę þÝȩ XÑÄÛ÷Ü° Ƶƻ Ȥ ƸƻɎƷƵƺ èô°ęÀęÄ
üÄÝȩȣ ʖƸƼ ƻƻ Ƹƺƻƻ ƷƼƼȤ âç»ÑÝȣ ʖƸƼ ƹƴƶ ƹƶƸ ƺƼƽ
đđđȮâ°ñē÷ĖÜçÝãÄȮñÝ
3°ñē Ñ ñÝ°ã÷ĖÄȤ ÜüèôÄ ñçüôĖÄ»þÛļÑÄȩ
4ÑÄÜüèôÄ ã°÷ĖÄ ñôçÀþÜüē ñç÷Ñ°À°Û· ¼ÄôüēķÜ°ü øôçÀÜèđ ÀēÀ°Üüē¼Ėãē¼Ð Ė°Ýļ°ãē¼Ð Àç þęēüÜþ ÷ĖÜçÝãÄÎçȩ ã°À°ãē ñôĖÄĖ 3ÑãÑ÷üô° ÀþÜ°¼ÛÑ 4°ôçÀçđÄÛ Ñ HñçôüþȮ
B. 4H]
XēÀ°đãѼüđ° HL# . NE8 EL á·¼Ė·¼ üô°Àē¼ēÛãÄ Ñ ãçđç¼ĖÄ÷ãÄ ñçâç¼Ä
ÀēÀ°Üüē¼ĖãÄ Àç đ÷ñÑÄô°ãÑ° Ñããçđ°¼ēÛãē¼Ð Íçôâ Ü÷Ėü°á¼ÄãÑ° çÍÄôþÛÄ ñçã°À Ƶƴƴ
üēüþáèđ ñÝ°ã÷Ė ÄÀþÜ°¼ēÛãē¼Ð Ɏ ø¼ÑÄããē¼Ðȩ çΰüÄ đ üôÄø¼ÑȤ ç»ô°ĖēȤ đēÜôÄ÷ēȤ
÷¼ÐÄâ°üēȤ ½đѼĖÄãÑ° Ñ ÑãÍçôâ°¼ÛÄ ñÝ°ã÷ĖÄ ÷· ¼Äããēâ ėôèÀáÄâ đÑÄÀĖē ÀÝ°
þ¼ĖãÑèđ ÷ĖÜèá ñçÀ÷ü°đçđē¼ÐȤ ÎÑâã°ĖÛèđ Ñ ÷ĖÜèá øôÄÀãѼÐȩ
3 BZ H]-8.4
XēÀ°đãѼüđ° HL# . NE8 EL đ ÷đçÛÄÛ çÍÄô¼ÑÄ
ñôçñçãþÛÄ ñçã°À ƽƴ üēüþáèđ â°ñ đ üēâ ÀĖÑ°á ÷ĖÜçÝãē
Ė â°ñ°âÑ ķĖē¼ĖãēâÑȤ ñçÝÑüē¼ĖãēâÑȣ IđÑ°ü°Ȥ þôçñēȤ
ÜçãüēãÄãüèđȤ ñ°ä÷üđ çô°Ė â°ñē ÀÝ° ķôâȣ ÀôçÎçđÄȤ
ÜçÀçđÄȤ çôΰãÑĖ°¼ēÛãÄȤ ñ°ãçô°âѼĖãÄ Ñ ÷°üÄÝÑü°ôãÄȩ
B838 BE] H]-8.4
4çđç¼ĖÄ÷ãÄ ¼ēÍôçđÄ ÑãüÄô°ÜüēđãÄ ã°ôĖÌÀĖÑ° Àç ã°þ¼Ė°ãÑ° ÀĖÑÄ¼Ñ đ đÑÄÜþ ñôĖÄÀ÷ĖÜçÝãēâ Ñ ÷ĖÜçÝãēâȤ ñôçÎô°âē
ÑãüÄô°ÜüēđãÄȤ ñÝ°ã÷ĖÄ Àç ÎÑÄô Ñ Ė°»°đȤ ÜÝç¼ÜÑ BçÝēÀôçãȤ çô°Ė üô°Àē¼ēÛãÄ ñÝ°ã÷ĖÄ ø¼ÑÄããÄ Üçã¼ÄãüôþÛ· ÷ÑÌ ã°
đ÷ĖļÐ÷üôçããēâ ôçĖđçÛþ ç÷ç»çđçø¼Ñ ÀĖÑļܰȩ HüēâþÝþÛ· çãÄ ÝçÎѼĖãÄ âēøÝÄãÑÄȤ þâÑÄÛÌüãçø¼Ñ ÜçâþãÑÜ°¼ēÛãÄȤ
ñç÷üôĖÄΰãÑÄ çôÑÄãü°¼ÛÑ ñôĖÄ÷üôĖÄããÄÛ çô°Ė ôçĖđèÛ þâÑÄÛÌüãçø¼Ñ âçüçôē¼Ėãē¼Ðȩ X÷Ėē÷üÜÑÄ ñçâç¼Ä ÀēÀ°Üüē¼ĖãÄ
ñôçâçđ°ãÑ° ÄÀþÜ°¼ÛÑ Ñ þ¼ĖÄãÑ° ÷ÑÌ ñôĖÄĖ Ė°»°đÌ ÷· ĖÎçÀãÄ Ė ãçôâ°âÑ »ÄĖñÑļĖÄä÷üđ° NãÑÑ þôçñÄÛ÷ÜÑÄÛȩ
48X8I
3°ñ° øđÑ°ü° ÀÝ° ÀĖÑļÑ
HL# . NE8 EL -ôē÷üÑ°ã -çâ°ãÀÄô
8Àôçđ·ę þÝȩ XÑÄÛ÷Ü° Ƶƻ Ȥ ƸƻɎƷƵƺ èô°ęÀęÄ
üÄÝȩȣ ʖƸƼ ƻƻ Ƹƺƻƻ ƷƼƼȤ âç»ÑÝȣ ʖƸƼ ƹƴƶ ƹƶƸ ƺƼƽ
đđđȮâ°ñē÷ĖÜçÝãÄȮñÝ
#4L E -LZX4 BE8 E 3Z N- Z,4
4çđç¼ĖÄ÷ãÄ ¼ēÍôçđÄ ÑãüÄô°ÜüēđãÄ ã°ôĖÌÀĖÑ° Àç ã°þ¼Ė°ãÑ° ÀĖÑÄ¼Ñ đ đÑÄÜþ ñôĖÄÀ÷ĖÜçÝãēâ Ñ ÷ĖÜçÝãēâȤ ñôçÎô°âē ÑãüÄô°ÜüēđãÄ
Üçã¼ÄãüôþÛ· ÷ÑÌ ã° đ÷ĖļÐ÷üôçããēâ ôçĖđçÛþ ç÷ç»çđçø¼Ñ ÀĖÑļܰȩ HüēâþÝþÛ· çãÄ ÝçÎѼĖãÄ âēøÝÄãÑÄȤ þâÑÄÛÌüãçø¼Ñ ÜçâþãÑÜ°¼ēÛãÄȤ
ñç÷üôĖÄΰãÑÄ çôÑÄãü°¼ÛÑ ñôĖÄ÷üôĖÄããÄÛ çô°Ė ôçĖđèÛ þâÑÄÛÌüãçø¼Ñ âçüçôē¼Ėãē¼Ðȩ X÷Ėē÷üÜÑÄ ñçâç¼Ä ÀēÀ°Üüē¼ĖãÄ ñôçâçđ°ãÑ°
ÄÀþÜ°¼ÛÑ Ñ þ¼ĖÄãÑ° ÷ÑÌ ñôĖÄĖ Ė°»°đÌ ÷· ĖÎçÀãÄ Ė ãçôâ°âÑ »ÄĖñÑļĖÄä÷üđ° NãÑÑ þôçñÄÛ÷ÜÑÄÛȩ
L .# #4L E -LZX4 ȴ 3N.L#3 #
BçÀ â°ôÜ· HüÑÄÍÄÝ #ãüÄô°¼üÑĐÄ çÍÄôþÛÄâē ÜçâñÝÄÜ÷çđÄ ôçĖđÑ·Ė°ãÑ° ÀÝ° ÷ĖÜèá đÄ đÀô°ę°ãÑþ
ãçđç¼ĖÄ÷ãē¼Ð ÑãüÄô°Üüēđãē¼Ð Íçôâ ã°þ¼Ė°ãÑ° ôÄãçâçđ°ãē¼Ð ñôçÀþ¼Äãüèđȩ
8ÍÄôçđ°ãÄ ü°»ÝÑ¼Ä ÑãüÄô°ÜüēđãÄ üç ñçñþÝ°ôãÄ â°ôÜÑ D838 Ñ WL -Ȥ ÜôèüÜççÎãÑ÷ÜçđÄ
ñôçÛÄÜüçôē H 4Z8Ȥ "#L "# Ñ BH84Ȥ W#W#L ȩ 3çãü°ę ü°»ÝѼ ÑãüÄô°Üüēđãē¼Ð Ñ ñôçÛÄÜüçôèđ
çÍÄôþÛÄâē ã° ęē¼ĖÄãÑÄ ÜÝÑÄãü° đ ÷ē÷üÄâÑÄȣ 4 HL 2 Ȥ BE] HNX4Z .N 38 #.4Zȩ
4çđçø½ȫ
.8 NHZ
HL# . NE8 EL -ôē÷üÑ°ã -çâ°ãÀÄô
8Àôçđ·ę þÝȩ XÑÄÛ÷Ü° Ƶƻ Ȥ ƸƻɎƷƵƺ èô°ęÀęÄ
üÄÝȩȣ ʖƸƼ ƻƻ Ƹƺƻƻ ƷƼƼȤ âç»ÑÝȣ ʖƸƼ ƹƴƶ ƹƶƸ ƺƼƽ
đđđȮâ°ñē÷ĖÜçÝãÄȮñÝ
#4L E -LZX4 BE8 E 3Z N- Z,4
4çđç¼ĖÄ÷ãÄ ¼ēÍôçđÄ ÑãüÄô°ÜüēđãÄ ã°ôĖÌÀĖÑ° Àç ã°þ¼Ė°ãÑ° ÀĖÑÄ¼Ñ đ đÑÄÜþ ñôĖÄÀ÷ĖÜçÝãēâ Ñ ÷ĖÜçÝãēâȤ ñôçÎô°âē ÑãüÄô°ÜüēđãÄ
Üçã¼ÄãüôþÛ· ÷ÑÌ ã° đ÷ĖļÐ÷üôçããēâ ôçĖđçÛþ ç÷ç»çđçø¼Ñ ÀĖÑļܰȩ HüēâþÝþÛ· çãÄ ÝçÎѼĖãÄ âēøÝÄãÑÄȤ þâÑÄÛÌüãçø¼Ñ ÜçâþãÑÜ°¼ēÛãÄȤ
ñç÷üôĖÄΰãÑÄ çôÑÄãü°¼ÛÑ ñôĖÄ÷üôĖÄããÄÛ çô°Ė ôçĖđèÛ þâÑÄÛÌüãçø¼Ñ âçüçôē¼Ėãē¼Ðȩ X÷Ėē÷üÜÑÄ ñçâç¼Ä ÀēÀ°Üüē¼ĖãÄ ñôçâçđ°ãÑ°
ÄÀþÜ°¼ÛÑ Ñ þ¼ĖÄãÑ° ÷ÑÌ ñôĖÄĖ Ė°»°đÌ ÷· ĖÎçÀãÄ Ė ãçôâ°âÑ »ÄĖñÑļĖÄä÷üđ° NãÑÑ þôçñÄÛ÷ÜÑÄÛȩ
L .# #4L E -LZX4 ȴ 3N.L#3 #
BçÀ â°ôÜ· HüÑÄÍÄÝ #ãüÄô°¼üÑĐÄ çÍÄôþÛÄâē ÜçâñÝÄÜ÷çđÄ ôçĖđÑ·Ė°ãÑ° ÀÝ° ÷ĖÜèá đÄ đÀô°ę°ãÑþ
ãçđç¼ĖÄ÷ãē¼Ð ÑãüÄô°Üüēđãē¼Ð Íçôâ ã°þ¼Ė°ãÑ° ôÄãçâçđ°ãē¼Ð ñôçÀþ¼Äãüèđȩ
8ÍÄôçđ°ãÄ ü°»ÝÑ¼Ä ÑãüÄô°ÜüēđãÄ üç ñçñþÝ°ôãÄ â°ôÜÑ D838 Ñ WL -Ȥ ÜôèüÜççÎãÑ÷ÜçđÄ
ñôçÛÄÜüçôē H 4Z8Ȥ "#L "# Ñ BH84Ȥ W#W#L ȩ 3çãü°ę ü°»ÝѼ ÑãüÄô°Üüēđãē¼Ð Ñ ñôçÛÄÜüçôèđ
çÍÄôþÛÄâē ã° ęē¼ĖÄãÑÄ ÜÝÑÄãü° đ ÷ē÷üÄâÑÄȣ 4 HL 2 Ȥ BE] HNX4Z .N 38 #.4Zȩ
4çđçø½ȫ
.8 NHZ
HL# . NE8 EL -ôē÷üÑ°ã -çâ°ãÀÄô
8Àôçđ·ę þÝȩ XÑÄÛ÷Ü° Ƶƻ Ȥ ƸƻɎƷƵƺ èô°ęÀęÄ
üÄÝȩȣ ʖƸƼ ƻƻ Ƹƺƻƻ ƷƼƼȤ âç»ÑÝȣ ʖƸƼ ƹƴƶ ƹƶƸ ƺƼƽ
đđđȮâ°ñē÷ĖÜçÝãÄȮñÝ
- HVWHÐP\ ĆUPà ]DMPXMÃFà VLÇ LQWHUQHWRZà VSU]HGD×à ]DEDZHN
L DNFHVRULµZ GOD G]LHFL
: QDV]HM RIHUFLH ]QDMGÃ 3DÌVWZR SURGXNW\ ]QDQH RUD] WH
GRSLHUR ]\VNXMÃFH SRSXODUQRÐÅ SU]H]QDF]RQH ]DUµZQR GOD
LQG\ZLGXDOQHJR NOLHQWD MDN L GOD SU]HGV]NROL ×ÊRENµZ
L NOXEµZ PDOXFKD
$E\ VSURVWDÅ RF]HNLZDQLRP NOLHQWµZ VWDOH SRV]HU]DP\ VZµM
$
DVRUW\PHQW 3U]\NÊDGDP\ V]F]HJµOQÃ XZDJÇ GR MDNRÐFL
SURGXNWµZ =DEDZNL VSU]HGDZDQH Z QDV]\P VNOHSLH SRVLDGDMÃ
ZV]\VWNLH Z\PDJDQH DWHVW\ L FHUW\ĆNDW\
=DFKÇFDP\ GR UHJXODUQHJR RGZLHG]DQLD QDV]HM
VWURQ\ L ]DSR]QDZDQLD VLÇ ] QRZRÐFLDPL
WHO
ŕŕŕę¦TÙîXThTŕÝUęĒáĹnĹËî¦öę¦TÙîXThTŕÝUfºçTËáęvõè
*TàÝUĹ-ËvõáĹ¹ŀvè
/DOND WR LGHDOQ\ SUH]HQW GOD PDÊHM NVLÇ×QLF]NL %ÇG]LH MHM SU]\WXODQNÃ
XNRFKDQÃ ]DEDZNÃ L SLÇNQÃ R]GREÃ SRNRLNX
0LÇNND FHQW\PHWURZD ODOHF]ND 1LNRO WR PLOXWND SU]\MDFLµÊND L WRZDU]\V]ND
SU]\JµG GR NWµUHM ]DZV]H PR×QD VLÇ SU]\WXOLÅ 0D UR]PLDU LGHDOQ\ GOD PDOXWNLFK
UÃF]HN 0LÇFLXWNLH PDWHULDÊ\ VSUDZLDMÃ ×H WR WDN×H LGHDOQD SU]\WXODQND GR
]DV\SLDQLD
îUĹ¹òꍍŊæ
)àõvÝÌĹ " -@ĹÊĹK <Ĺ¹µĹàçîĻýŕ
2JURPQH NORFNL ]DFKÇFDMÃ G]LHFL GR EXGRZ\ QRZ\FK
L QLHNRQZHQFMRQDOQ\FK EXGRZOL QLHRJUDQLF]RQ\FK QLF]\P
.ORFNL ]DSHZQLDMÃ G]LHFLRP ZVSDQLDÊÃ ]DEDZÇ L VÃ GRVNRQDÊÃ
]DEDZNÃ GOD ND×GHJR G]LHFND 8NÊDGDQLH NORFNµZ UR]ZLMD X G]LHFND
NUHDW\ZQRÐÅ ]GROQRÐÅ ORJLF]QHJR P\ÐOHQLD UR]ZLMD Z\REUDÕQLÇ
L ÅZLF]\ NRRUG\QDFMÇ UXFKRZÃ
îUĹĊòµęµŤĹŠæ
)àõvÝÌĹ:īĮĻīîîĹKT¶Ĺ,"LĹŇţřĹPĮĻTŕĹĊòŤĹá
=DEDZD NORFNDPL SRPDJD G]LHFNX UR]ZLMDÅ Z\REUDÕQLÇ NUHDW\ZQRÐÅ
]GROQRÐFL PDQXDOQH L ORJLF]QH P\ÐOHQLH
.ORFNL ZDćH 0,; ]HVWDZ HOHPHQWµZ =DEDZD NORFNDPL SRPDJD G]LHFNX
UR]ZLMDÅ Z\REUDÕQLÇ NUHDW\ZQRÐÅ ]GROQRÐFL PDQXDOQH L ORJLF]QH P\ÐOHQLH ']LHFL
XF]Ã VLÇ UR]SR]QDZDQLD NV]WDÊWµZ L NRORUµZ ']LHFNR RG QDMPÊRGV]\FK ODW PR×H
EXGRZDÅ SU]HUµ×QH NRQVWUXNFMH SU]HVWU]HQQH EXGRZOH SRMD]G\ ZV]\VWNR ]DOH×\
RG MHJR Z\REUDÕQL
îUĹò¹ęŀŤĹŠæ
KT¶Ĺ " -@ĹÊĹ1ºĩõçîĹÝàõvÝÌĹÝõîĮĻĩŇÝvŘÙî
:\PLDU\ MHGQHJR HOHPHQWX WR D× FP [ FP
.ORFNL ]DSHZQLDMÃ G]LHFLRP ZVSDQLDÊÃ ]DEDZÇ 6Ã GRVNRQDÊÃ
]DEDZNÃ GOD ND×GHJR G]LHFND 8NÊDGDQLH NORFNµZ UR]ZLMD X G]LHFND
NUHDW\ZQRÐÅ ]GROQRÐÅ ORJLF]QHJR P\ÐOHQLD UR]ZLMD Z\REUDÕQLÇ
L ÅZLF]\ NRRUG\QDFMÇ UXFKRZÃ
îUĹĊòĶ굍Ŋæ
ŕŕŕę¦TÙîXThTŕÝUęĒáĹnĹËî¦öę¦TÙîXThTŕÝUfºçTËáęvõè
ŇţUĹÝõĒTĩÝUĹÙšŠËÞĹĩŇvÇõçUĹæŘţÝUĹĜÝTĮÞ
.RSDUND SRVLDGD UXFKRPà Ê\×NÇ L UDPLÇ QD VLÊRZQLNDFK VSUÇ×\QRZ\FK
6LHG]LVNR NRSDUNL SRVLDGD Z\SXVWNL DQW\SRÐOL]JRZH D FR QDMZD×QLHMV]H MHVW REURWRZH
PR×QD QLP Z\NRQDÅ SHÊHQ REUµW VWRSQL .RSDUNÃ PR×QD MHÕG]LÅ Z SU]µG L Z W\Ê
= W\ÊX NRSDUND SRVLDGD KDN G]LÇNL NWµUHPX PR×H E\Å KRORZDQD SU]H] LQQH SRMD]G\
GRVWÇSQH Z QDV]\P VNOHSLH
îUĹĊĊķꍍŊæ
,õĻõĩĹÙšŠËÞĹh˺õŕř
0RWRUHN ÏFLJDF] MHÕG]LN RGS\FKDF] 0RWRUHN Z\JOÃGD MDN SUDZG]LZ\
ÐFLJDF] ]DSHZQL G]LHFNX ZLHOH JRG]LQ ZVSDQLDÊHM ]DEDZ\
0RWRUHN PD RSÊ\ZRZ\ NV]WDÊW FLHNDZÃ NRORU\VW\NÇ QDNOHMNL
] QXPHUHP VWDUWRZ\P -HVW Z\JRGQ\ Z SURZDG]HQLX PD V]HURNLH
NRÊD G]LÇNL F]HPX MHVW EDUG]R VWDELOQ\
îUĹķꍍŊæ
@D*1)1Ĺ=ĻõàËÞĹĮTçõvÇõõŕřĹĒõĩýţîËÝUĹŕŵĹÝõàõĩTvÈĹ
-HG\Q\ QD U\QNX EH]SLHF]Q\ VWROLN GR IRWHOLND VDPRFKRGRZHJR OXE Zµ]ND
%H]SLHF]Q\ 6WROLN 3RGUµ×QLND 78/2.2 SU]HV]HGÊ SR]\W\ZQLH G\QDPLF]Q\ WHVW
]GHU]HQLRZ\ Z\NRQDQ\ Z 3U]HP\VÊRZ\P ,QVW\WXFLH 0RWRU\]DFML 3,027 6WROLN
SRGUµ×QLND SU]\GDMH VLÇ GR U\VRZDQLD MHG]HQLD XNÊDGDQLD SX]]OL RJOÃGDQLD
NVLÃ×HF]HN RUD] ]DEDZ\ Z WUDNFLH SRGUµ×\ VDPRFKRGHP OXE LQQ\P ÐURGNLHP
WUDQVSRUWX
îUĹĊŤòꍍŊæ
K <ĹPĮĻTŕĹîTyŘñĹîUĹĻTvřĹŀ¹á
=HVWDZ QDF]\Ì ĆUP\ :$'(5 32/(6,( MHVW LGHDOQ\ QD ND×GH SU]\MÇFLH GOD ODOHN L PLVLµZ
=HVWDZ NDZRZ\ ĆUP\ :$'(5 32/(6,( ] NWµUHJR PDÊ\ PLVWU] Z\F]DUXMH
VZRMH GDQLD SRSLVRZH L SRGD MH QD SLÇNQHM ]DVWDZLH ] ]HVWDZX =QDMG]LHP\ WX
F]DMQLN ] SRNU\ZNÃ FXNLHUQLF]NÇ ] SRNU\ZNÃ G]EDQXV]HN GR POHND
WDOHU]\NµZ L V]WXÅFH GOD RVµE QR×H ZLGHOFH Ê\×NL ĆOL×DQNL V]NODQNL
RUD] WDFÇ
îUĹŀµęŤŤĹŠæ
ŕŕŕę¦TÙîXThTŕÝUęĒáĹnĹËî¦öę¦TÙîXThTŕÝUfºçTËáęvõè
)õàõĩõŕřĹÝõÙwĹĸĹĒæõĻÞĹŠĹĻõĩha
3ÊRWHN NRMHF GRVNRQDOH VSUDZG]L VLÇ ]DUµZQR Z GRPX MDN L QD SRGZµUNX
.RORURZ\ SÊRWHN NRMHF GOD G]LHFL =HVWDZ VNÊDGD VLÇ ] NRORURZ\FK HOHPHQWµZ
] Qµ×NDPL Z\NRQDQ\FK ] JUXEHJR SODVWLNX Z\VRNLHM MDNRÐFL = HOHPHQWµZ PR×QD
XÊR×\Å SU]\WXOQ\ NRMHF GOD PÊRGV]\FK G]LHFL D WDN×H X×\Å JR MDNR SÊRWND NWµU\
]DJURG]L G]LHFNX SU]HMÐFLH GR PLHMVF Z NWµU\FK QLH PR×H RQR SU]HE\ZDÅ
îUĹŅòꍍŊæ
:øĻĩŇîÞĹ)õçËĮTĩËTļĹķŀĊáęĹ)àõvÝÌĹ àõvÝÌĹ:õàËvÙU
=HVWDZ NORFNµZ %ORFNµZ NRPSDW\ELOQ\FK ] NORFNDPL /HJR
=HVWDZ VNÊDGD VLÇ ] HOHPHQWµZ .ORFNL VÃ Z\NRQDQH ] Z\WU]\PDÊHJR
SODVWLNX Z ×\Z\FK NRORUDFK SRVLDGDMÃ ZLHOH UXFKRP\FK HOHPHQWµZ
= NORFNµZ PR×QD ]EXGRZDÅ GX×\ NRPLVDULDW ] ZLÇ]LHQLHP GZD DXWD
SROLF\MQH RUD] PRWRU SROLF\MQ\ =HVWDZ ]DZLHUD ĆJXUHN OXG]LNµZ
îUĹòĶꍍŊæ
)õæöĹ TĩîvTĩĮÝËĹàUĹ ŠËvÌĹĜĹ àËîUĹ TĩhřĹÌĹ ÝvĮõĩËU
.RÊR JDUQFDUVNLH ] PDVÃ L IDUENDPL GR PDORZDQLD =HVWDZ MHVW VWDUDQQLH
Z\NRQDQ\ L Z\SRVD×RQ\ ZH ZV]\VWNLH QLH]EÇGQH HOHPHQW\
.RÊR JDUQFDUVNLH ÐZLHWQLH UR]ZLMD ]GROQRÐFL PDQXDOQH Z\REUDÕQLÇ NUHDW\ZQRÐÅ
RUD] WZµUF]H P\ÐOHQLH 7ZµM PDÊ\ DUW\VWD PD QLHVNRÌF]HQLH ZLHOH PR×OLZRÐFL QD
UHDOL]DFMÇ VZRLFK SRP\VʵZ QD WZRU]HQLH NV]WDÊWRZDQLH RUD] GHNRURZDQLH
QRZ\FK DUF\G]LHÊ 7R ÐZLHWQD ]DEDZD NWµUD SREXG]L 7ZRMH G]LHFNR RUD] GRVWDUF]\
PX UDGRÐFL L VDW\VIDNFML ] ]DEDZ\
îUĹ¹ķęĶŀĹŠæ
K <ĹÙšŠËÞĹĒĩçËŇèĹŅ
-HÕG]LN 35(0,80 FLÇ×DUµZND Z\SRVD×RQ\ MHVW Z UXFKRPà VNU]\QLÇ ÊDGXQNRZà Z\ZURWNÇ
3RMD]G Z\NRQDQ\ MHVW ] OHNNLHJR D ]DUD]HP Z\WU]\PDÊHJR SODVWLNX RGSRUQHJR
QD ZDUXQNL DWPRVIHU\F]QH -HÕG]LN MHVW EDUG]R VWDELOQ\ ZVSRPDJD QDXNÇ
XWU]\PDQLD UµZQRZDJL L XPLHMÇWQRÐÅ RGS\FKDQLD VLÇ QRJDPL
îUĹĶŤęŤĹŠæ
ŕŕŕę¦TÙîXThTŕÝUęĒáĹnĹËî¦öę¦TÙîXThTŕÝUfºçTËáęvõè
-('<1( : 32/6&( 08/7Ζ0('Ζ$/1(
12:2&=(61( =$6.$.8-Æ&(
1$-/(36=< 352'8.7 785<67<&=1<
=$35$6=$0< 2' :725.8 '2 1Ζ('=Ζ(/Ζ 2' '2
ZZZ PX]HXPSLRVHQNL SO
&HOHP XWZRU]HQLD 0X]HXP 3ROVNLHM 3LRVHQNL Z 2SROX MHVW SU]HGH ZV]\VWNLP
WUZDĄD RFKURQD NXOWXURZHJR G]LHG]LFWZD QDURGRZHJR L ]ZLÛNV]HQLH UROL SROVNLHM &(1< %Ζ/(7:
SLRVHQNL Z GLDORJX PLÛG]\NXOWXURZ\P QD U]HF] SURPRFML PLDVWD L SRGQLHVLHQLD MHJR
DWUDNF\MQRĝFL WXU\VW\F]QHM 2SROH MDNR ȌVWROLFD SROVNLHM SLRVHQNLȋ ] WUDG\FMDPL SRQDG ȏ QRUPDOQ\ Ȃ ]Ą ȏ XOJRZ\ Ȃ ]Ą ȏ JUXSRZ\ Ȃ ]Ą
F]WHUG]LHVWROHWQLHM KLVWRULL .UDMRZHJR )HVWLZDOX 3ROVNLHM 3LRVHQNL MHVW QDMOHSV]\P ȏ URG]LQQ\ Ȃ ]Ą GRURVĄ\FK G]LHFL
PLHMVFHP GR SRZVWDQLD LQVW\WXFML ]DMPXMÇFHM VLÛ JURPDG]HQLHP NDWDORJRZDQLHP %LOHW\ PRJÇ 3DĆVWZR NXSLÉ
NRQVHUZRZDQLHP GLJLWDOL]RZDQLHP QDXNRZ\P RSUDFRZ\ZDQLHP L XGRVWÛSQLDQLHP
] ȏ Z NDVDFK 1&33 Z $PȴWHDWU]H
]ELRUµZ GRW\F]ÇF\FK SROVNLHM SLRVHQNL 3RWU]HED ]DMÛFLD VLÛ GRURENLHP SROVNLFK ELRUµZ GRW\F]ÇF\FK SROVNLHM SLRVHQNL 3RWU]HED ]DMÛFLD VLÛ GRURENLHP SROVNLFK
SLRVHQHN NWµUH SRVLDGDMÇ RJURPQH QLH GR NRĆFD ]EDGDQH ]DVRE\ ȏQD VWURQLH ZZZ ELOHW\ PX]HXPSLRVHQNL SO
MHVW SU]HGVLÛZ]LÛFLHP ZDľQ\P SU]HGH ZV]\VWNLP E\ ]DFKRZDÉ WHQ ERJDW\ FHQQ\ %LOHW\ XOJRZH VÇ ZDľQH ZUD] ] GRNXPHQWHP SRWZLHUG]DMÇF\P XSRZDľQLHQLH GR ]QLľNL
L LQWHUHVXMÇF\ PDWHULDĄ GOD SU]\V]Ą\FK SRNROHĆ
08=(80 32/6.Ζ(- 3Ζ26(1.Ζ
_ ZZZ PX]HXPSLRVHQNL SO _ PX]HXP#PX]HXPSLRVHQNL SO
XO 3LDVWRZVND $ 2SROH $PȴWHDWU ZHMĝFLH RG XO %DUOLFNLHJR
-('<1( : 32/6&( 08/7Ζ0('Ζ$/1(
12:2&=(61( =$6.$.8-Æ&(
1$-/(36=< 352'8.7 785<67<&=1<
=$35$6=$0< 2' :725.8 '2 1Ζ('=Ζ(/Ζ 2' '2
ZZZ PX]HXPSLRVHQNL SO
&HOHP XWZRU]HQLD 0X]HXP 3ROVNLHM 3LRVHQNL Z 2SROX MHVW SU]HGH ZV]\VWNLP
WUZDĄD RFKURQD NXOWXURZHJR G]LHG]LFWZD QDURGRZHJR L ]ZLÛNV]HQLH UROL SROVNLHM &(1< %Ζ/(7:
SLRVHQNL Z GLDORJX PLÛG]\NXOWXURZ\P QD U]HF] SURPRFML PLDVWD L SRGQLHVLHQLD MHJR
DWUDNF\MQRĝFL WXU\VW\F]QHM 2SROH MDNR ȌVWROLFD SROVNLHM SLRVHQNLȋ ] WUDG\FMDPL SRQDG ȏ QRUPDOQ\ Ȃ ]Ą ȏ XOJRZ\ Ȃ ]Ą ȏ JUXSRZ\ Ȃ ]Ą
F]WHUG]LHVWROHWQLHM KLVWRULL .UDMRZHJR )HVWLZDOX 3ROVNLHM 3LRVHQNL MHVW QDMOHSV]\P ȏ URG]LQQ\ Ȃ ]Ą GRURVĄ\FK G]LHFL
PLHMVFHP GR SRZVWDQLD LQVW\WXFML ]DMPXMÇFHM VLÛ JURPDG]HQLHP NDWDORJRZDQLHP %LOHW\ PRJÇ 3DĆVWZR NXSLÉ
NRQVHUZRZDQLHP GLJLWDOL]RZDQLHP QDXNRZ\P RSUDFRZ\ZDQLHP L XGRVWÛSQLDQLHP
] ȏ Z NDVDFK 1&33 Z $PȴWHDWU]H
]ELRUµZ GRW\F]ÇF\FK SROVNLHM SLRVHQNL 3RWU]HED ]DMÛFLD VLÛ GRURENLHP SROVNLFK ELRUµZ GRW\F]ÇF\FK SROVNLHM SLRVHQNL 3RWU]HED ]DMÛFLD VLÛ GRURENLHP SROVNLFK
SLRVHQHN NWµUH SRVLDGDMÇ RJURPQH QLH GR NRĆFD ]EDGDQH ]DVRE\ ȏQD VWURQLH ZZZ ELOHW\ PX]HXPSLRVHQNL SO
MHVW SU]HGVLÛZ]LÛFLHP ZDľQ\P SU]HGH ZV]\VWNLP E\ ]DFKRZDÉ WHQ ERJDW\ FHQQ\ %LOHW\ XOJRZH VÇ ZDľQH ZUD] ] GRNXPHQWHP SRWZLHUG]DMÇF\P XSRZDľQLHQLH GR ]QLľNL
L LQWHUHVXMÇF\ PDWHULDĄ GOD SU]\V]Ą\FK SRNROHĆ
08=(80 32/6.Ζ(- 3Ζ26(1.Ζ
_ ZZZ PX]HXPSLRVHQNL SO _ PX]HXP#PX]HXPSLRVHQNL SO
XO 3LDVWRZVND $ 2SROH $PȴWHDWU ZHMĝFLH RG XO %DUOLFNLHJR
-('<1( : 32/6&( 08/7Ζ0('Ζ$/1(
12:2&=(61( =$6.$.8-Æ&(
1$-/(36=< 352'8.7 785<67<&=1<
=$35$6=$0< 2' :725.8 '2 1Ζ('=Ζ(/Ζ 2' '2
ZZZ PX]HXPSLRVHQNL SO
0DULD 6DGRZVND SRSURZDG]LĄD 0DĄÇ $NDGHPLÛ 3LRVHQNL
$QQD :\V]NRQL Z 0DĄHM $NDGHPLL 3LRVHQNL
0DULD 6DGRZVND WR SROVND SLRVHQNDUND Z\NRQXMÇFD PX]\NÛ MD]] SRS IXQN
: SRQLHG]LDĄHN NZLHWQLD JRĝFLHP 0DĄHM $NDGHPLL 3LRVHQNL EÛG]LH $QQD L HOHNWURQLF]QÇ D WDNľH VFHQDU]\VWND L UHľ\VHU ȴOPRZ\ 0D QD NRQFLH G]LHZLÛÉ VRORZ\FK
:\V]NRQL ZRNDOLVWND L NRPSR]\WRUND QLHJG\ĝ ]ZLÇ]DQD ] ]HVSRĄHP Ȍă]\ȋ SĄ\W P LQ 7ULEXWH WR .RPHGD ]ĄRWD SĄ\WD L Z SHĄQL DXWRUVNÇ Ȍ6SLV WUHĝFLȋ -HM HWLXGD
$UW\VWFH EÛG]LH WRZDU]\V]\Ą JRVSRGDU] PX]\F]Q\ ΖJRU 3U]HELQGRZVNL : SURJUDPLH IDEXODUQD SW Ȍ6NU]\GĄDȋ SRND]\ZDQD E\ĄD QD PLÛG]\QDURGRZ\FK IHVWLZDODFK
ȴOPRZ\FK P LQ Z 0RVNZLH 7DMSHM %RORQLL %DUFHORQLH 6WDPEXOH L 3DU\ľX
PX]\F]QH ]DMÛFLD GOD G]LHFL Z ZLHNX SU]HGV]NROQ\P L ZF]HVQRV]NROQ\P D WDNľH
PLQLNRQFHUW GOD QDMPĄRGV]\FK 2SRODQ 0 0DULD 6DGRZVND E\ĄD JRĝFLHP 0DĄHM $NDGHPLL 3LRVHQNL PDUFD $UW\VWND ZUD]
] JRVSRGDU]HP PX]\F]Q\P ΖJRUHP 3U]HELQGRZVNLP ]DSURVLOL G]LHFL QD QLH]Z\NĄH ZDUV]WDW\
PX]\F]QH SRGF]DV NWµU\FK ZVSµOQLH ĝSLHZDOL DOH SU]HGH ZV]\VWNLP GREU]H VLÛ EDZLOL
08=(80 32/6.Ζ(- 3Ζ26(1.Ζ
_ ZZZ PX]HXPSLRVHQNL SO _ PX]HXP#PX]HXPSLRVHQNL SO
XO 3LDVWRZVND $ 2SROH $PȴWHDWU ZHMĝFLH RG XO %DUOLFNLHJR
-('<1( : 32/6&( 08/7Ζ0('Ζ$/1(
12:2&=(61( =$6.$.8-Æ&(
1$-/(36=< 352'8.7 785<67<&=1<
=$35$6=$0< 2' :725.8 '2 1Ζ('=Ζ(/Ζ 2' '2
ZZZ PX]HXPSLRVHQNL SO
0DULD 6DGRZVND SRSURZDG]LĄD 0DĄÇ $NDGHPLÛ 3LRVHQNL
$QQD :\V]NRQL Z 0DĄHM $NDGHPLL 3LRVHQNL
0DULD 6DGRZVND WR SROVND SLRVHQNDUND Z\NRQXMÇFD PX]\NÛ MD]] SRS IXQN
: SRQLHG]LDĄHN NZLHWQLD JRĝFLHP 0DĄHM $NDGHPLL 3LRVHQNL EÛG]LH $QQD L HOHNWURQLF]QÇ D WDNľH VFHQDU]\VWND L UHľ\VHU ȴOPRZ\ 0D QD NRQFLH G]LHZLÛÉ VRORZ\FK
:\V]NRQL ZRNDOLVWND L NRPSR]\WRUND QLHJG\ĝ ]ZLÇ]DQD ] ]HVSRĄHP Ȍă]\ȋ SĄ\W P LQ 7ULEXWH WR .RPHGD ]ĄRWD SĄ\WD L Z SHĄQL DXWRUVNÇ Ȍ6SLV WUHĝFLȋ -HM HWLXGD
$UW\VWFH EÛG]LH WRZDU]\V]\Ą JRVSRGDU] PX]\F]Q\ ΖJRU 3U]HELQGRZVNL : SURJUDPLH IDEXODUQD SW Ȍ6NU]\GĄDȋ SRND]\ZDQD E\ĄD QD PLÛG]\QDURGRZ\FK IHVWLZDODFK
ȴOPRZ\FK P LQ Z 0RVNZLH 7DMSHM %RORQLL %DUFHORQLH 6WDPEXOH L 3DU\ľX
PX]\F]QH ]DMÛFLD GOD G]LHFL Z ZLHNX SU]HGV]NROQ\P L ZF]HVQRV]NROQ\P D WDNľH
PLQLNRQFHUW GOD QDMPĄRGV]\FK 2SRODQ 0 0DULD 6DGRZVND E\ĄD JRĝFLHP 0DĄHM $NDGHPLL 3LRVHQNL PDUFD $UW\VWND ZUD]
] JRVSRGDU]HP PX]\F]Q\P ΖJRUHP 3U]HELQGRZVNLP ]DSURVLOL G]LHFL QD QLH]Z\NĄH ZDUV]WDW\
PX]\F]QH SRGF]DV NWµU\FK ZVSµOQLH ĝSLHZDOL DOH SU]HGH ZV]\VWNLP GREU]H VLÛ EDZLOL
08=(80 32/6.Ζ(- 3Ζ26(1.Ζ
_ ZZZ PX]HXPSLRVHQNL SO _ PX]HXP#PX]HXPSLRVHQNL SO
XO 3LDVWRZVND $ 2SROH $PȴWHDWU ZHMĝFLH RG XO %DUOLFNLHJR
1$6=( 35(0,(5<
,JQDÐ .LWHN DUFKLWHNW
$QGUHD %HDW\ LOXVWUDWRU 'DYLG 5REHUWV
3U]H]DEDZQD L QLHSRNRUQD NVLÃ×ND
9Ü«Ă¹« ôØãÊĎ«Êô ¼«ãØ¹Ê R UHDOL]RZDQLX VZRLFK SDVML ZEUHZ
SU]HFLZQRÐFLRP
« Õ« ¹Ã« «¼èÜãØÊôà =É
5µ]LD 5HZHOND LQ×\QLHUND
1DV]H Z\GDZQLFWZR VSHFMDOL]XMH VLÇ Z VWDUDQQ\P GRERU]H RIHUW\ L SURSRQXMH $QGUHD %HDW\ LOXVWUDWRU 'DYLG 5REHUWV
URG]LFRP L G]LHFLRP Z\VRNLHM MDNRÐFL NVLÃ×NL ]DUµZQR ZDUWRÐFLRZH OLWHUDFNR =DEDZQD L PÃGUD RSRZLHÐÅ R
MDN L SLÇNQLH LOXVWURZDQH 7R ìSLFWXUHERRNVë å NVLÃ×NL Z NWµU\FK WHNVW L REUD] UHDOL]RZDQLX SDVML L QLH]UD×DQLX
ZVSµÊJUDMà ]H VREà WZRU]ÃF XQLNDOQà MDNRÐÅ NWµUHM QLH GDÊRE\ VLÇ RVLÃJQÃÅ EH] VLÇ QLHSRZRG]HQLDPL
KDUPRQLL PLÇG]\ QLPL 6Ã WR SXEOLNDFMH GOD Z\PDJDMÃF\FK å SRXF]DMÃFD
L MHGQRF]HÐQLH HNVF\WXMÃFD OLWHUDWXUD G]LHFLÇFD =É
7HN 1RZRF]HVQ\ MDVNLQLRZLHF
3DWULFN 0F'RQQHOO
=DEDZQ\ VSRVµE PµZLHQLD R ]QDF]HQLX Z\ÊÃF]HQLD
RWDF]DMÃF\FK QDV XU]ÃG]HÌ L FLHV]HQLD VLÇ XURNDPL
SLÇNQHJR ÐZLDWD GRRNRÊD
=É
$GD %DPELQL 1DXNRZF]\QL
$QGUHD %HDW\ LOXVWUDWRU 'DYLG 5REHUWV
=$32:,('Ô
#.LQGHUNXOND
:6=<67.,( .6,ÂÖ., '267Æ31( 1$ ::: .,1'(5.8/.$ 3/
1$6=( 35(0,(5<
,JQDÐ .LWHN DUFKLWHNW
$QGUHD %HDW\ LOXVWUDWRU 'DYLG 5REHUWV
3U]H]DEDZQD L QLHSRNRUQD NVLÃ×ND
9Ü«Ă¹« ôØãÊĎ«Êô ¼«ãØ¹Ê R UHDOL]RZDQLX VZRLFK SDVML ZEUHZ
SU]HFLZQRÐFLRP
« Õ« ¹Ã« «¼èÜãØÊôà =É
5µ]LD 5HZHOND LQ×\QLHUND
1DV]H Z\GDZQLFWZR VSHFMDOL]XMH VLÇ Z VWDUDQQ\P GRERU]H RIHUW\ L SURSRQXMH $QGUHD %HDW\ LOXVWUDWRU 'DYLG 5REHUWV
URG]LFRP L G]LHFLRP Z\VRNLHM MDNRÐFL NVLÃ×NL ]DUµZQR ZDUWRÐFLRZH OLWHUDFNR =DEDZQD L PÃGUD RSRZLHÐÅ R
MDN L SLÇNQLH LOXVWURZDQH 7R ìSLFWXUHERRNVë å NVLÃ×NL Z NWµU\FK WHNVW L REUD] UHDOL]RZDQLX SDVML L QLH]UD×DQLX
ZVSµÊJUDMà ]H VREà WZRU]ÃF XQLNDOQà MDNRÐÅ NWµUHM QLH GDÊRE\ VLÇ RVLÃJQÃÅ EH] VLÇ QLHSRZRG]HQLDPL
KDUPRQLL PLÇG]\ QLPL 6Ã WR SXEOLNDFMH GOD Z\PDJDMÃF\FK å SRXF]DMÃFD
L MHGQRF]HÐQLH HNVF\WXMÃFD OLWHUDWXUD G]LHFLÇFD =É
7HN 1RZRF]HVQ\ MDVNLQLRZLHF
3DWULFN 0F'RQQHOO
=DEDZQ\ VSRVµE PµZLHQLD R ]QDF]HQLX Z\ÊÃF]HQLD
RWDF]DMÃF\FK QDV XU]ÃG]HÌ L FLHV]HQLD VLÇ XURNDPL
SLÇNQHJR ÐZLDWD GRRNRÊD
=É
$GD %DPELQL 1DXNRZF]\QL
$QGUHD %HDW\ LOXVWUDWRU 'DYLG 5REHUWV
=$32:,('Ô
#.LQGHUNXOND
:6=<67.,( .6,ÂÖ., '267Æ31( 1$ ::: .,1'(5.8/.$ 3/
The words you are searching are inside this book. To get more targeted content, please make full-text search by clicking here.
Discover the best professional documents and content resources in AnyFlip Document Base.
Search