Revista Hípica - Edição Dezembro/2011

Page 1

$QR ;;;9 GH]HPEUR ZZZ KLSLFD FRP EU

+,3,&$

8PD IHVWD LQHVTXHFtYHO

DQRV




H[SHGLHQWH $IUDVH UHIOH[mR 53*ยก/*0 6_d_* @B?63?<?B

%*3&503*" &9&$65*7" 1SFTJEFOUF ย 7JDF 1SFTJEFOUF ย 7JDF 1SFTJEFOUF ย 4FDSFUยธSJP ย 4FDSFUยธSJP ย 5FTPVSFJSP ย 5FTPVSFJSP %JSFUPS (FSBM %JSFUPS EF 1BUSJNร OJP %JSFUPS $VMUVSBM %JSFUPS (FSBM EF &TQPSUFT %JSFUPS )JQJTNP %JSFUPS EP 4 " " %JSFUPS 4PDJBM %JSFUPSB 4PDJBM %JSFUPS +VSร EJDP %JSFUPS EF #BSFT F 3FTUBVSBOUFT

1FESP )FOSJRVF %FMBNBJO 1VQP /PHVFJSB .BSDJP 6SCBOP )PNBS 4JRVFJSB 4BNBSB $BSMPT EF 4PV[B $PFMIP +PTร 'FSOBOEP .PSFJSB .POUFJSP EB 4JMWB "SUIVS EF "MNFJEB .POUFJSP 'JMIP +PTร 3JDBSEP "MWFT 3PESJHVร T 'SBODJTDP EF "OHFMJT /FUP 0TWBMEP .BSJP 4PV[B #BHOPMJ 'SBODJTDP "SUVS EF 2VFJSP[ .BJT +PTร "CSBIยบP +VOJPS 1MJOJP 4PBSFT +VOJPS /FZ %JBT /FHSยบP +PTF "OUPOJP ,IBUUBS $ISJTUJBOF "CEBMMB ,IBUUBS $BSMPT EF "SBVKP 1JNFOUFM /FUP "NBOEJOP EF +FTVT 'JOT EF $BSWBMIP

$0/4&-)0 %&-*#&3"5*70 1SFTJEFOUF ย 4FDSFUยธSJP ย 4FDSFUยธSJP .FNCSPT

4BVMP "QBSJDJP %VBSUF 1JOUP +ร OJPS .BSDJMJP 1B[JOBUUP +VOJPS .BSDFMP %VDIPWOJ 4JMWB "CFMBSEP 1JOUP EF -FNPT /FUP "EPMQIP $BSMPT $BNBSHP 7JBOOB "MCFSUP "MWFT /FUUP "MCFSUP $BCSBM F 4JMWB "MWBSP 4BOUVDDJ /PWFOUB +VOJPS "OB .BSJB (VJNBSยบFT 1PNQFP EF $BNBSHP +BOOV[[J "OUPOJP $BSMPT EF .PSBFT 4BMMFT 'JMIP "OUPOJP $BSMPT EF .PSBFT 4BMMFT /FUP "SUIVS 1JOUP EF -FNPT /FUUP "[BFM "MWBSFT -PCP /FUP $BSMPT "MCFSUP 'FSSFJSB +PSHF $BSMPT &EVBSEP 'SBODP 4BMHBEP %BOJFM EF 0MJWFJSB "OESBEF 1B[JOBUUP &EVBSEP +PTF 1FSFJSB $PFMIP 'BCJP 'FSSFJSB "MCJFSJ 'BCJP )JMLOFS 4JMWB 'SBODJTDP *TPMJOP EF 4JRVFJSB 'SBODJTDP +PTร 4USB[[BDBQQB 4BOUVDDJ 'SBODJTDP -VJ[ .BDDJSF +VOJPS 'FSOBOEP 1B[[JOBUUP #PSHFT (JMCFSUP $FMFTUJOP #SBTJP #JMFP 4PBSFT )FJUPS 5FJYFJSB 1FOUFBEP )FJUPS 5FJYFJSB 1FOUFBEP #JTOFUP +PยบP #BUJTUB 3PRVF +VOJPS +POJP 3JCFJSP /PHVFJSB +PTร EF 5FMMB 'JMIP +PTร )FOSJRVF 'FSEJOBOEP %FMBNBJO 'JMIP +PTร )FOSJRVF 3JDDJ (SPTTJ +PTF 1FMPTJOJ 5FJYFJSB 1FOUFBEP +PTร 1JDDPMPUUP -VJ[ "OUPOJP #BMEP 1VQP EF $BNQPT 'FSSFJSB .BSDFMP 3BNPT $IBJC .BSDVT 7JOJDJVT 4DBSBCVDDJ .BSJB 4UFMMB 3PHF 'FSSFJSB (SJFDP 0SMBOEP 1BTDIPBM +ร OJPS 1FESP "GPOTP 5PTFMMP 3FHJOB 'BOFMMJ 4BMWBEPS 4DBSQFMMJ +VOJPS 8BMEFNBS 1BTDIPBM +VOJPS

$0/4&-)&*304 /"504

7JUPS 5SBCVMTJ 3BVM 5FJYFJSB 1FOUFBEP 'JMIP &MWJOP 4JMWB /FUP 1FUFS # # 8BMLFS )BNJMUPO EF 0MJWFJSB "OOJCBM EF -FNPT $PVUP 0TWBMEP 6SCBOP

1SFTJEFOUF .FNCSPT

$0/4&-)0 '*4$"-

$FTBS $BSEPTP +PTF 3PCFSUP .PSBUP 4PDSBUFT 1FOUFBEP EF $BNBSHP +PTF 3PCFSUP .JHVFM 5SJODB 8JMMJBN 4BODIFT $BNQBHOPOF

$0.*44ย 0 %& 4*/%*$ย /$*"

1SFTJEFOUF 3PHร SJP %B 3PDIB $BNBSHP .FNCSPT "OESร /FSZ -VQPSJOJ "OUPOJP -VJT 5FJYFJSB .FOEFT EF $BSWBMIP $FMTP 3PDIB $BWBMIFJSP (VJMIFSNF 3JCFJSP EF .PSBFT

$0.*44ย 0 &%*503*"- 3&7*45" )ยค1*$" */'03." .FNCSPT

$ISJTUJBOF "CEBMMB ,IBUUBS 'SBODJTDP "SUIVS EF 2VFJSP[ .BJT +PTร "CSBIยบP +VOJPS +PTร "OUPOJP ,IBUUBS .BSDJP 6SCBOP /FZ %JBT /FHSยบP 1Mร OJP 4PSFT +VOJPS 3JDBSEP "OUPOJP "SBVKP

%*3&503&4 "%+6/504 )ร QJDB *OGPSNB

" SFWJTUB ร VNB QVCMJDBยพยบP NFOTBM EB 4PDJFEBEF )ร QJDB EF $BNQJOBT 3VB #VSJUJ T O $ 1 XXX IJQJDB DPN CS $PPSEFOBยพยบP (JPWBOB 3FPMPO 1BTTPT 5FYUPT 7FSB .BSDFMJOP +PSOBMJTUB SFTQPOTยธWFM 7FSB .BSDFMJOP .5# 1SPKFUP (SยธGJDP FEJUPSBยพยบP (SBDJPMJ &EJUPSB XXX HSBDJPMJ DPN CS DPOUBUP!HSBDJPMJ DPN CS %FQUP $PNFSDJBM 5JSBHFN NJM FYFNQMBSFT *NQSFTTยบP (SยธGJDB 4JMWBNBSUT $PNJTTยบP &EJUPSJBM 5SJร OJP $ISJTUJBOF "CEBMMB ,BUUBS 'SBODJTDP "SUIVS EF 2VFJSP[ .BJT +PTร "CSBยบP +VOJPS +PTร "OUPOJP ,BUUBS .ยธSDJP 6SCBOP /FZ %JBT /FHSยบP 1Mร OJP 4PB SFT +VOJPS 3JDBSEP "OUPOJP "SBVKP

%JSFUPSB "EKVOUB EF #BMMFU +B[[ 4BQBUFBEP %JSFUPSB "EKVOUB "ENJOJTUSBUJWB EF )JQJTNP %JSFUPS "EKVOUP EF 3FMBยพร FT 1ร CMJDBT %JSFUPS "EKVOUP EF 1BJTBHJTNP %JSFUPSB "EKVOUB EP )ร QJDB (PVSNFU %JSFUPS "EKVOUP EP #FN 7JWFS %JSFUPS "EKVOUP EF &TDPMB EF &RVJUBยพยบP %JSFUPS "EKVOUP EF 4BVOB %JSFUPS "EKVOUP EF #PDDJB %JSFUPS "EKVOUP EF 'VUFCPM 7FUFSBOP %JSFUPS "EKVOUP EF 'VUFCPM *OGBOUP +VWFOJM %JSFUPS "EKVOUP EF 5ร OJT %JSFUPS "EKVOUP EF 1SPWBT )JQJTNP %JSFUPS "EKVOUP EF "ยพร FT 4PDJBJT %JSFUPS "EKVOUP EF *OGPSNยธUJDB %JSFUPS "EKVOUP EF 5BNCPSร V %JSFUPS "EKVOUP EF 1FUFDB %JSFUPS "EKVOUP EF (JOยธTUJDB (FSBM #JLF & 1JMBUFT %JSFUPS "EKVOUP EF )PDLFZ %JSFUPS "EKVOUP EF 'VUFCPM %JSFUPS "EKVOUP EF .VTDVMBยพยบP %JSFUPS "EKVOUP EF )JESPHJOยธTUJDB %FFQ /BUBยพยบP %JSFUPS "EKVOUP EF "UJWJEBEFT &TQFDJBJT %JSFUPSB "EKVOUB EF "UMFUJTNP %JSFUPS "EKVOUP EF #BENJOUPO %JSFUPS "EKVOUP EB 4Bร EF F "NCJFOUF %JSFUPS "EKVOUP EF 'VUFWPMFJ %JSFUPS (FSBM "EKVOUP EF &TQPSUFT %JSFUPS "EKVOUP EF 3I %JSFUPS "EKVOUP EP %FQUP $VMUVSBM %JSFUPS "EKVOUP EF 3BRVFUJOIB %JSFUPS "EKVOUP EF 7PMFJCPM %JSFUPS "EKVOUP EF 4RVBTI %JSFUPS "EKVOUP EF #BTRVFUFCPM

"ESJBOB 3FHJOB $IJNJOB[[P 4QBMFUUB "ESJBOB 3PTBMFT "OUPJOF "HVJOBMEP .BSRVFT "MGSFEP %VBSUF EB $PODFJยพยบP "OB .BSJB (PNFT 'BOUJOJ "OUPOJP $BSMPT $FTBSPOJ .POUFJSP $BSMPT "OESร .FOEFT (BSHBOUJOJ $BSMPT )VNCFSUP )FMFOB %PSJWBM %FOBSEJ &EVBSEP 'FSOBOEP 0MJWFJSB 'MBWJP .JHOPOF (SJQQ 'SBODP $BDJPQQPMJOJ +VOJPS 'SFEFSJDP 7FMMVUJOJ EF .PSBFT (JMCFSUP %FMBNBJO 1VQP /PHVFJSB +BJNF ,IBUFS +VMJP $FTBS EF 2VFJSP[ (POUJKP -VJT 'FSOBOEP *HOยธDJP #PSHFT -VJ[ $BSMPT 3PDIB .BSDFMP (VFSSB 4FHBMMB "MWFT 3PESJHVFT .BSDFMMP 7PO 4DIOFJEFS .BVSJDJP #SBTJP /FMTPO $BQSJOJ +VOJPS 1BVMP &EVBSEP . .POUFJSP EB 4JMWB 1BUSJDJB 1JOIFJSP EF .BHBMIยบFT $PZ 1BVMP EF $BTUSP 1VQP /PHVFJSB 3BGBFM %BNNVT 5BJBS 4JNJPOBUUP 3JDBSEP 4BOUPT .PSBFT EF #VSHPT 3JDBSEP "OUPOJP "SBVKP 3PCFSUP #BMEJO 4JNJPOBUUP 3PCFSUP 5SBCVMTJ 3PESJHP EF "MNFJEB 1SBEP 1JNFOUFM 3POBMEP .FSDBEBOUF 4JMWJP -VJT 1PMMJOJ (POยพBMWFT 7JDFOUF 1JTDJPUUB +VOJPS


PHQVDJHP

0HQVDJHP

1 TYbUd_bYQ TQ C_SYUTQTU 8 `YSQ TU 3Q]`Y^Qc TUcUZQ aeU " !" cUZQ bU`\Ud_ TU

%RDV IHVWDV &RQIUDWHUQL]Do}HV $PLJRV 'LDV GH VRO 0XLWD SUiWLFD HVSRUWLYD ([FHOHQWHV VDOWRV ,Q~PHUDV DWLYLGDGHV FXOWXUDLV 3HTXHQDV H JUDQGHV REUDV 5= " !" 61q1 13?>D535B

@bUcYTU^dU

%


&

VRFLDO

6RFLHGDGH +tSLFD GH &DPSLQDV FRPHPRUD


VRFLDO

$

^_YdU TU "" TU _edeRb_ U^db_e `QbQ Q XYcd bYQ T_ S\eRU U TQ SYTQTU =Uc]_ _c ]QYc XQRYdeQT_c Q_ bUaeY^dU TQc VUcdQc TU WQ\Q aeU RbY^TQbQ] 3Q]`Y^Qc U Cz_ @Qe\_ ^_c ²Q^_c T_ebQT_c³ ceb`bUU^TUbQ] cU S_] _ SeYTQT_ Uc`USYQ\ aeU _c TYbUd_bUc c_SYQYc 3XbYcdYQ^U U :_c} 1^d ^Y_ ;XQddQb `bU`QbQbQ] Q 6UcdQ TU 1^YfUbcvbY_ TU &# Q^_c TQ C_SYUTQTU 8 `YSQ TU 3Q]`Y^Qc E] ]UWQ UfU^d_ aeU bUe^Ye SUbSQ TU # ]Y\ `Ucc_Qc U] Q]RYU^dU SbYQT_ UhS\ecYfQ]U^dU `QbQ Q _SQcYz_ S_] Y\e]Y^Q|z_ VU}bYSQ cX_g TU <e\e CQ^d_c cX_g `Yb_d}S^YS_ ReVVUd SQ`bYSXQT_ TU 3\veTYQ @_bdUYb_ S_] S_aeUdU\ U ZQ^dQb Q ^_YdU d_TQ `Ubc_^QWU^c TU WbQ^TUc ]ecYSQYc TU <Qc FUWQc 4: 1Ybd_^ 6Ubb_ U ]eYdQ Q^Y ]Q|z_ aeU fQb_e Q ]QTbeWQTQ ? UfU^d_ WQ^X_e Q Q`b_fQ|z_ d_dQ\ T_c Qcc_SYQT_c aeU `QbdYSY`QbQ] U aeU] ^z_ S_^cUWeYe `QbdYSY`Qb _c Y^WbUcc_c UcW_dQbQ] RU] Q^dUc TQ VUcdQ QY^TQ \Q]U^dQ 5] \Y_ 1\]UYTQ S_]` c e]Q TUS_bQ|z_ bU`\UdQ TU V\_bUc 2U\_c QbbQ^Z_c TU \ bY_c Qcdb_]U\YQc SXefQ TU _eb_ U^dbU _edbQc U^VUY dQfQ] Qc ]UcQc bUfUcdYTQc `_b TYVUbU^dUc dUSYT_c U^dbU \Yc_c U QTQ]QcSQT_c+ U^aeQ^d_ `UaeU^Qc `Q\]UYbQc U]`bUcdQfQ] Qb db_`YSQ\ Q_ UfU^d_ S_]_ ceWUbU e]Q VUcdQ ^Q `YcSY^Q ? `b_ZUd_ TU Y\e]Y^Q|z_ QWbQT_e ]eYd_ C`_dc TU \ejUc S_\_bYTQc U]`bUcdQbQ] ]QY_b SXQb]U Q_ Uc`Q|_ DeT_ ]eYd_ bUaeY^dQT_ dQ]R}] S_] Y]U^c_c dU\ Uc aeU bU`b_TejYbQ] _ cX_g U `Ub]YdYbQ] UhSU\U^dU fYcYRY\YTQTU U] aeQ\aeUb `QbdU TQaeU\U cQ\z_ dz_ Uc`USYQ\ 3\veTYQ @_bdUYb_ dQ]R}] TUe e] cX_g TU S_]`Ud ^SYQ S_] S_ aeUdU\ U ZQ^dQb 1 VUcdQ _Se`_e d_T_c _c Uc`Q|_c S_]_ _ 2Qb TQ @YcSY^Q U d_T_c S_^dQfQ] S_] `_^d_c TU ReVVUd 3_]_ _ cUbfY|_ Y]`USvfU\ TUcU^f_\fUe cU TebQ^dU d_TQ Q ^_YdU ^z_ X_efU VY\Qc U _ QdU^TY]U^d_ T_c WQb|_^c aeU TYc`e^XQ] TU `_^d_c TU RURYTQc Q SQTQ db c ]Udb_c d_b^_e _ dbQRQ\X_ RQcdQ^dU vWY\ ? S_^XUSYT_ S_\e^YcdQ c_SYQ\ 1\Uh >eSSY dz_ XQRYdeQT_ w fYTQ c_SYQ\ TQ SYTQTU TUcdQS_e U] cUe R\_W aeU ²V_Y Q ]QY_b U ]U\X_b VUcdQ aeU 3Q]`Y^Qc Zv fYe ³

'


(

VRFLDO

(PSUHVD XWLOL]RX WpFQLFDV GH UDSHO SDUD PRQWDJHP GD FREHUWXUD 1 8 `YSQ S_^cdbeYe e]Q vbUQ Uc`USYQ\ TU $ % ]Y\ ]Udb_c aeQTbQT_c `QbQ Q ]UWQ VUcdQ 1 S_ RUbdebQ TU ]QdUbYQ\ dbQ^c\ SYT_ SbYcdQ\ U `Yc_ U] SQb`UdU bUSURUe $ \ecdbUc TU SbYcdQ\ aeU U]`bUcdQbQ] QY^TQ ]QYc W\Q]_eb Q_ Uc`Q|_ 5] cUe `_^d_ ]QYc Q\d_ Q UcdbedebQ dY^XQ ^_fU ]Udb_c TU Q\debQ U UhYWYe Qd} d}S^YSQc TU bQ`U\ `QbQ ceQ ]_^dQWU] 1 `YcSY^Q V_Y S_RUbdQ U cUbfYe S_]_ Uc`Q|_ `QbQ Qc ]UcQc @QbdU TU\Q S_^deT_ V_Y ]Q^dY TQ SbYQ^T_ e] SXQb]_c_ Uc`U\X_ TµvWeQ aeU bUV\UdYQ Q Y\e]Y^Q|z_ U U] Uc`USYQ\ _c \ecdbUc ?c ^ ]Ub_c Y\ecdbQ] Q WbQ^TY_cYTQTU T_ UfU^ d_ aeU ^USUccYd_e TU aeQdb_ ]UcUc TU dbQRQ\X_ U _ U^f_\fY]U^d_ TU % `Ucc_Qc+ edY\Yj_e aeQ db_ aeY\ ]Udb_c U] SQR_c TU Q\Y]U^dQ|z_ `QbQ c_] U Y\e]Y^Q|z_ #% `_^d_c TU Y\e]Y^Q|z_ U !% fQ^c aeU VYjUbQ] _ dbQ^c`_bdU T_ ` R\YS_ U^dbU Qc ]Y\ fQWQc TU UcdQSY_^Q]U^d_ TU^db_ T_ S\eRU U _ \_SQ\ TQ VUcdQ ^Q `YcSY^Q ?A>94C> ° ? `b_ZUd_ Y^}TYd_ `Ub]YdYe aeU Q VUcdQ WQ^XQccU e]Q U^dbQTQ Uc`USYQ\* e] ZQbTY] Y\e]Y^QT_ aeU `Ub]YdYe Q_ ` R\YS_ SQ]Y^XQb U^dbU Qc `Q\]UYbQc Y]`UbYQYc aeU dQ]R}] bUSURUbQ] \ejUc TYVUbU^SYQTQc U Q `bY]UYbQ ceb`bUcQ TQ ^_YdU* fY_\Y^_c U V\QedQc bUSU`SY_^QfQ] _c S_^fYTQT_c >_ Uc`U\X_ TµvWeQ e] `YQ^_ TU SQeTQ U]`bUcd_e QY^TQ ]QYc bUaeY^dU w VUcdQ @Ubc_^QWU^c `b_TejYT_c S_] VYWebY^_c T_c ]QYc VQ]_c_c cX_gc TU <Qc FUWQc bUSU`SY_ ^QbQ] _c S_^fYTQT_c ^Q U^dbQTQ T_ Q]`\_ cQ\z_ aeU cU dbQ^cV_b]_e Q `YcSY^Q `_cQbQ] `QbQ V_d_c U TYfUbdYbQ] S_] ceQc `UbV_b]Q^SUc Y]`USvfUYc


VRFLDO

)


!

VRFLDO

3DUDEpQV FRQWRX FRP EULQGH HVSHFLDO GD GLUHWRULD EROR H IRJRV ? `bUcYTU^dU TQ C83 @UTb_ @e`_ >_WeUYbQ SXQ]_e ceQ TYbUd_bYQ Q_ `Q\S_ `QbQ RbY^TQb _c &# Q^_c T_ S\e RU _c `bUcYTU^dUc T_c S_^cU\X_c 4U\YRUbQdYf_ ° CQe\_ 4eQbdU :b ° T_ 6YcSQ\ ° :_c} B_RUbd_ =_bQd_ bU`bUcU^ dQ^T_ 3}cQb 3QbT_c_ ° QccY] S_]_ _ c SY_ Ve^TQT_b 4QbSi @Qj TU @vTeQ U _c aeQdb_ Uh `bUcYTU^dUc aeU `bUcdYWYQbQ] Q VUcdQ* ?cfQ\T_ EbRQ^_ @UdUb GQ\[Ub 5\fY^_ CY\fQ >Ud_ U BQe\ DUYhUYbQ @U^dUQT_ 6Y\X_ 5]_SY_^QT_ @UTb_ TUcdQS_e aeU ²X_ZU } e]Q ^_YdU TU ]eYd_ _bWe\X_ `QbQ d_T_c aeU bU`bUcU^dQ]_c _c !## c SY_c aeU U] "' TU _edeRb_ TU !)$( Ve^TQbQ] Q C_SYUTQTU 8 `YSQ TU 3Q]`Y^Qc E] Wbe`_ TU fYcY_^vbY_c aeU `_b ]QYc _dY]YcdQ aeU V_ccU ^z_ Y]QWY^QfQ aeU ^QaeU\U TYQ ^QcSUbYQ e] T_c ]QYc Y]`_bdQ^dUc S\eRUc T_ `Q c @QbQ ]Y] _ _bWe\X_ } Te`\_ Zv aeU ]Ue `QY C}bWY_ @e`_ >_WeUYbQ V_Y e] TUcdUc fYcY_^vbY_c

1aeY V_]_c SbYQT_c U SbYQ]_c ^_cc_c VY\X_c S_]_ dQ^d_c _edb_c Qcc_SYQT_c dU^T_ _ S\eRU S_]_ e]Q UhdU^cz_ ° cUWebQ U Q]YWvfU\ ° TU ^_ccQc SQcQc 1 8 `YSQ SXUWQ Q_c &# Q^_c S_] SUbSQ TU !% ]Y\ Qcc_SYQT_c U UcdbedebQ S\QccYVYSQTQ U^dbU Qc ]U\X_bUc T_ 2bQcY\ _VUbUSU QdYfYTQTUc aeU fz_ TUcTU jUb_ Qd} ^_fU^dQ Q^_c U] TYfUbc_c cUW]U^d_c* Se\debQ\ Uc`_b dYf_ X `YS_ U c_SYQ\ cU]`bU S_] ]eYd_ ceSUcc_ 8_ZU _ dbQRQ\X_ fYc\e]RbQ _ Vedeb_ ]Qc cU] bU\UWQb ^_ccQ XYcd bYQ Q cUWe^T_ `\Q^_³ VY^Q\Yj_e _ `bUcYTU^dU ?c S_fUbc TU 5\fYc @bUc\Ui U =QbY\i^ =_^b_U db_ehUbQ] _ R_\_ TU Q^YfUbcvbY_ `QbQ _ RbY^TU >UcdU ]_]U^d_ Q VUcdQ `Qb_e U d_T_c _\XQbQ] `QbQ _ S}e `U\Q S_ RUbdebQ dbQ^c`QbU^dU `_Yc _ cX_g `Yb_d}S^YS_ UcdQfQ S_]U|Q^T_ C_RbU _ cX_g `Yb_d}S^YS_ _ S_\e^YcdQ =QbS_ 1^d ^Y_ UcSbUfUe* ²6_W_c cz_ cU]`bU e] Uc`UdvSe\_ =Qc Q


VRFLDO ceb`bUcQ UcdQfQ `QbQ QS_^dUSUb 9]QWY^U f_S TU^db_ TU e] cQ\z_ S_] dUd_ dbQ^c `QbU^dU 4U e] ]_]U^d_ `QbQ _edb_ e]Q Y]U^cQ ^efU] TU fUbTQTUYbQc UcdbU\Y^XQc `Y`_SQ^T_ c_RbU UcdU dUd_ 6_Y e] ]_]U^d_ ^YS_ =Y\XQbUc U ]Y\X Uc TU `UaeU^Y^Qc UcdbU\Y^XQc bU\ejU^dUc dbQ^c`_bdQ^T_ f_S `QbQ e]Q _edbQ WQ\QhYQ AeU ]QbQfY\XQ 6_Y e]Q UhQ\dQ|z_ e] \_ef_b e] TU\ bY_ ZQ]QYc cU^dYT_³ 4BC03>B D=83>B ° @QbQ U^SUbbQb Q `QbdU ]QYc ²_VYSYQ\³ T_ UfU^d_ @UTb_ U CdU\\Q @e`_ >_WeUYbQ S_] 3XbYcdYQ^U U :_c} 1^d ^Y_ ;XQddQb c_bdUQbQ] aeQdb_ RY\XUdUc `QbQ _c 5cdQT_c E^YT_c* T_Yc _VUbUSYT_c `U\Q 1]UbYSQ^ 1Yb\Y^Uc U _c _edb_c `U\Q 8 `YSQ

4YbUd_bUc Uh `bUcYTU^dUc S_^cU\XUYb_c ]Qc QSY]Q TU deT_ Qcc_SYQT_c S_]U]_bQ^T_ _ Q^YfUbcvbY_ TU e] T_c ]QYc RU\_c S\eRUc T_ @Q c

!!


!"

@UTb_ U CdU\\Q @e`_ >_WeUYbQ

8_]Qb U À^WU\Q CQ]QbQ

B_RUbdQ U =vbSY_ EbRQ^_

3Qb\_c U < TYQ 3_U\X_


VRFLDO VRFLDO

JUSQ U 3XbYcdYQ^U ;XQddQb

6bQ^SYcS_ 1bdXeb A =QYc U FQ^UccQ TU <eSQ

@\ ^Y_ U CY]_^U C_QbUc

:_c} 1RbQXz_ U BU^QdQ JQfYS[Yc

!# !#


!$

VRFLDO

6Ub^Q^T_ U >UiTU =_^dUYb_

1^Q =QbYQ U 3Qb\_c TU 1bQeZ_ @Y]U^dU\

:_c} BYSQbT_ U 5\YQ^Q B_TbYWeUc

?cfQ\T_ 2QW^_\Y


!%

<eSYQ U CQe\_ 4eQbdU @Y^d_

2be^Q U 6bQ^SYcS_ TU 1^WU\Yc

=QbYcQ U :_c} B_RUbd_ =_bQd_


@UTb_ CdU\\Q :e\YQ^_ U @UTb_ @e`_ >_WeUYbQ

>Q\U U B_RUbd_ CY]Y_^Qdd_

3bYcdYQ^Q U B_W}bY_ 3Q]QbW_


VRFLDO

=vbSY_ B_RUbdQ 4Q^YU\Q =QbSU\_ U 9cQRU\Q EbRQ^_

1^Q <eYjQ 8UYd_b U 3Qb]U^ @U^dUQT_

=vbSY_ U ?cfQ\T_ EbRQ^_

!'


!(

4Y\‹ 1RTQ\\Q 3XbYcdYQ^U 1RTQ\\Q ;XQddQb U 1TbYQ^Q 1RTQ\\Q 3Q]`_c

4QbSi @Qj TU @vTeQ U <eSYQ 3Qcdb_ @vTeQ

@Qe\_ @vTeQ U <eSYQ^Q B_TbYWeUc

3bYcdYQ^ DY^Yec 2YQ B_TbYWeUc <eSYQ^Q B_TbYWeUc @Qe\_ @QTeQ @UTb_ U CdU\\Q @e`_ >_WeUYbQ


VRFLDO

=QbSU\_ 4eSX_f^Y CY\fQ :e\YQ^Q ;QicU\ 9QbQ 4eSX_f^Y CY\fQ 5\fY^_ CY\fQ >Ud_ =QbYQ^Q ?\YfUYbQ U 4QfY 4eSX_f^Y CY\fQ

3Qb]U^ U BU^Qd_ 2ebQdd_ :_c} 8U^bYaeU U BQSXU\ 8Ub]Q^^ 4U\Q]QY^

BQVQU\ CY]Y_^Qdd_ U 7bQcYU\Q =U\XQT_

3UcQb 3QbT_c_ <UQ^TbQ T_c CQ^d_c DQdYQ^Q ?bcY U @UTb_ @e`_ >_WeUYbQ

!)


"

3XbYcdYQ^U ;XQddQb 1TbYQ^Q 1RTQ\\Q 3Q]`_c 3Qb_\Y^Q @QcS_Q\ 2Ud_ U 4Y\e 1RTQ\\Q

1TbYQ^Q U =QbSU\_ 3Q]`_c

2Ud_ 1RTQ\\Q U 3Qb_\Y^Q @QcS_Q\

CQ^TbQ U :_^Qc 4_^YjUddU

1^Q 2U U 3Qb\_c CQ]`QY_


VRFLDO

"!

@UTb_ 8U^bYaeU 4U\Q]QY^ @e`_ >_WeUYbQ ?cfQ\T_ EbRQ^_ @UdUb GQ\[Ub 5\fY^_ CY\fQ >Ud_ U BQe\ DUYhUYbQ @U^dUQT_ 6Y\X_

3Qb\_c U 1^WU\Q FYQ^^Q 5\fY^_ CY\fQ >Ud_ U 9QbQ 4eSX_f^Y CY\fQ

6Ub^Q^TQ U 1bdeb ?bcY

B_RUbdQ U :_c} B_RUbd_ DbY^SQ


""

VRFLDO

BQVQU\ @e`_ >_WeUYbQ BUWY^Q 6Q^U\\Y C}bWY_ @e`_ >_WeUYbQ :e^Y_b 6\vfYQ @e`_ >_WeUYbQ @Ucc_d @UTb_ @e`_ >_WeUYbQ U =QbY^Q @e`_ >_WeUYbQ U 6\QfY_ 4YQc @Qcc_c

1^Q <‹SYQ 3Q]QbW_ BQSXU\ 8Ub]Q^^ 4U\Q]QY^ U 2UQdbYj @YSS_\_dd_ =QebYSY_ U 6Ub^Q^TQ @e`_ >_WeUYbQ

@UTb_ @e`_ >_WeUYbQ 2Ud_ 3Q]QbW_ 6vRY_ DbUfYcQ^ U <Qeb_ 1^TbQTU

3Q]Y\Q U :e^Y_b FYUYbQ


VRFLDO

J}SQ U 3XbYcdYQ^U ;XQddQb 1^d_^U\\Q U 6QRY_ DQfQbUc

"#

BQVQU\\Q 7U^_fUcU U 1R \Y_ @UTb_


"$

VRFLDO

4QfYT U CdU\Q =QbdY^c

:e\YQ^Q ;QicU\ U =QbSU\_ 4eSX_f^Y CY\fQ

3bYcdY^Q U CUbWY_ CdQbU[

1^Q <e jQ U BYSQbT_ E\c_^

=QbS_ 1^d_^Y_ U =Y\U^U @Y^_ddY BYRUYb_


VRFLDO

@UTb_ U CdU\\Q @e`_ >_WeUYbQ BUWY^Q U 1bYQ\T_ 2_cS_\_

6Ub^Q^T_ U >UiTU =_^dUYb_ CY\fYQ FQj 4_]Y^WeUc 5T]e^T_ 1bdUQWQ 6Ub^Q^TUj 5TeQbT_ <YcR_Q TU 6bUYdQc <UYdz_ 2U\Y^XQ U 1\VbUT_ 4eQbdU TQ 3_^SUY|z_

=QbY\YQ U FYbWY\Y_ 3Qcdb_

9cQRU\ U BYSQbT_ 1bQeZ_

"%


"&

VRFLDO

<eSYQ 4eQbdU @Y^d_ 6Ub^Q^T_ U 6Ub^Q^TQ @UbSXUc =QbYcQ U B_RUbd_ =_bQd_

<eSYQ^Q B_TbYWeUc U 3Qb]U] @vTeQ

4U^YQ D_\UT_ U :_z_ 1\fUc D_\UT_

3bYcdYQ^U CUbbQ 6Ub^Q^TQ >_WeUYbQ <YTYQ 3_U\X_ U B_cQ^U 6UbbUYbQ


VRFLDO

"'

7^YT Td eT]S^ b^]W^b 8[db‰Tb ST a^\P]RT CT c^R^ \X]WP eXSP ?^a d\ ca^R^ \X]WP eXSP ?^a d\ ca^R^ `dP[`dTa =Y^XQ fYTQ @UdUb U >UYTU GQ\[Ub U =QbYQ 1\YSU @QYfQ U :_c} <eYj =_bUYbQ

1^Q <eYjQ E\c_^ 1^d_^U\Q DQfQbUc 3XbYcdYQ^U ;XQddQb CXYb\Ui 2_bWX 1^TbUQ 8Ub]Q^^

8UYd_b U 3\QeTYQ @U^dUQT_ 2Yc^Ud_ 8UYd_b U 3Qb]U^ @U^dUQT_ >Udd_


BQVVQU\\Q =QbdU\Y^Y @UTb_ 3Qb\_c U 1^Q 2 CQ]`QY_

7eY\XUb]U BUWY^Q GY\\YQ^ =QbYQ <eSYQ U 7ecdQf_ 3Q]`QW^_^U =QbSU\\Q 1^TbQTU

:_z_ @Qe\_ B_ccY U CejQ^Q FUcS_fY

>UYTU U @UdUb GQ\[Ub


VRFLDO

J}SQ U 3XbYcdYQ^U ;XQddQb <e\e CQ^d_c CdU\\Q U @UTb_ 8U^bYaeU @e`_ >_WeUYbQ

8_]Qb CQ]QbQ BYSQbT_ E\c_^ 4QfY =QbdY^c =QbSU\_ 3Q]`_c U :_c} 1RbQXz_ :b

")


#

VRFLDO

<YTYQ 3_U\X_ U =QbY^Q FUbd_^Y

2UQdbYj U 1WeY^Q\T_ =QbaeUc 2Uddi 1RbQXz_

GY\\YQ^ U =QbYQ <eSYQ 3Q]`QW^_^U BYdQ 8_]U] TU =U\_

<YWYQ BQVVe\ 4Y\e 1RTQ\\Q U 4QbSi 6\_bU^SU

BQVQU\ CY]Y_^Qdd_ 7bQcYU\Q =U\XQT_ 6\vfYQ >Q\U U B_RUbd_ CY]Y_^Qdd_ 3Q]Y\Q U 7ecdQf_ =QbdY^Uj


VRFLDO

#!

6Ub^Q^T_ =_^dUYb_ JUSQ ;XQddQb 2QRi @e`_ >_WeUYbQ @UTb_ @e`_ >_WeUYbQ :_c} 1RbQXz_ 3Qb\_c 1bQeZ_ @Y]U^dU\ U 8_]Qb CQ]QbQ

2QRi @e`_ U B_cQ 2_dU\X_

C \fYQ U 5TeQbT_ 3_U\X_ :_c} =QSXQT_ TU 3Q]`_c 6Y\X_ U =QbYQ 7bUW bY_ =QSXQT_

?cfQ\T_ EbRQ^_ :e\YQ =_edbQ^ U 8Qb_\T_ 2Qbb_c


#"

VRFLDO 8Ydc TU <e\e CQ^d_c U]RQ\QbQ] _ ` R\YS_ DeT_ Qje\ DU]`_c =_TUb^_c 1 SebQ D_TQ 6_b]Q TU 1]_b 3_]_ e]Q ?^TQ Ì\dY]_ B_]x^dYS_ 5cdUc cz_ c_]U^dU Q\We^c T_c ceSUcc_c aeU _ XYd]Q[Ub Q`bUcU^d_e ^Q ]UWQ VUcdQ TU Q^YfUbcvbY_ TQ 8 `YSQ ? cX_g 1S cdYS_ =DF 99 UcW_dQ _c Y^WbUcc_c U] d_T_c _c \eWQbUc aeU SXUWQ 1 RQ^TQ T_ cX_g V_Y Q ]Uc]Q aeU _ QS_]`Q^X_e TebQ^dU Q WbQfQ|z_ T_ cUe 4F4 1S cdYS_ =DF 99 U aeU SXUW_e wc \_ZQc ^_ Y^ SY_ TU _edeRb_ U] ST 4F4 U R\e bQi >_ cX_g U^f_\d_ `_b SU^vbY_c TU Y^c`YbQ|z_ QVbYSQ^Q <e\e VUj ceQ cY^We\Qb fUbcz_ TU g_b\T ]ecYS c_]Q^T_ _ S\Y]Q TU TYfUbcQc `QbQWU^c ° Y^S\ecYfU Qc _bYU^dQYc ° Q e]Q RQcU RbQcY\UYb ccY]Q


VRFLDO

##

>b aTXb S^ QPX[T QP[P]{P\ 5PiT\ eXQaPa ^ _[P]TcP 4 ^ eT[W^ WX__XT ST ^dca^aP 0X]SP Tb_TaP ^ R^\TcP 1TU\]_ U =QbQ C \fYQ 5]UbU^SYQ^_ 2Ub^QTUdU U 3Qb\_c =U\\_

?c TY^_ccQeb_c T_ b_S[

1TU]Qb U 1^Q 3Q^TYTQ 5c`Yb_^U\\_ 1TY\ U 5\QY^U CQ]QbQ B_RUbdQ U :e\YQ^_ 7bQVV

1TY\c_^ U =QbYQ BYdQ DUYhUYbQ

1TY\c_^ >_WeUYbQ DUYhUYbQ U B_RUbdQ 2_^WUbc


1TbYQ^Q U 3Qb\_c CQ\WQT_ :_cU\Y U :_cU B_RUbd_ FQcS_^SU\\_c

1TY\ U 5\QY^U CQ]QbQ <QY\Q U 1TY\ =eXYR CQ]QbQ @Qe\Q CQ]QbQ =QjjQbY_\ U 7ecdQf_ TU 1\]UYTQ

1TbYQ^Q U 4Q^YU\ 2\Y[cdUY^ 1TbYQ^Q U 6bQ^SYcS_ BeRU^c

1TbYQ^Q U :_z_ 3Qb\_c 3e^XQ 4Q^YU\Q U 6Ub^Q^T_ @_bd_ 8UbSe\Uc 6\_bU^SU

1TbYQ^Q U =QbS_c @Qcd_bY


VRFLDO

1TbYQ^_ U FQ\}bYQ 2U\_^Y T_c CQ^d_c =QdXUec 6bQ^S_ U DXQ c TU C_ejQ 3Q]`_c 6Ub^Q^TUc

1^Q <YQ U =QbSU\_ = TU C_ejQ

1WTQ 6UbbUYbQ U CQ^TbQ 7YQ^VbQ^SUcS_ 1TbYQ^Q 8QiQccXY U 1^Tb} 4µ1cSU^jY

1TbYQ^_ U 4Q^YU\U CdQ^SQdY

1\RY^U\ U 6\vfY_ >_WeUYbQ

#%


#&

VRFLDO

1Ybd_^ :_c} FYSU^dU U 9\jQ 2QbR_cQ @_bd_ FYSU^dU =QdXUec 2e\WQbU\\Y U @QdbYSYQ @_bd_ FYSU^dU

1\UccQ^TbQ U <eYj GQ\TU]Qb CQ\WQT_

1\RUbd_ U <Y\YQ^ 7eYT_ddY =QbS_c U B_RUbdQ CY]ŠUc 1^U\YcU U CS_dd 1cXRi

1\UhQ^TbU U 7YcU\U ERY^XQ

1\UhQ^TbU U 3bYcdYQ^U 3QbYQ JU^Y\TU U =QbSU\_ 2_^QfYdQ 2QbQSSQd


VRFLDO

#'

1\UhYQ U 6bQ^SYcS_ 1jUfUT_ BQSXU\ 1]QbQ\ U CeU\Y 1WeYQb T_ 1]QbQ\ 1]QebY U CQ^TbQ JY^Y

1\Y^Q <U_^U :_^Y_ >_WeUYbQ =Qeb SY_ U @Qdb SYQ >YSQcdb_

1]Q^TQ U BQVQU\ 3Q`YS_d_ =QbY^X_ U 5bY[Q @UbUYbQ


#(

VRFLDO

1]Q^TQ <eYc 6Ub^Q^T_ <eYc 1\VbUT_ U <eYc 8U^bYaeU 3Qcdb_ 3Q^TYTQ @UbUYbQ <Y]Q

1^Q 3Q^TYTQ =ebcU\ =QbYcdU\Q U 7\ bYQ AeY^dQ^Q 1^Q 3\QeTYQ FQSY\_d_ BUYc U 1SQSY_ T_c BUYc

1^Q 3bYcdY^Q @Y^d_ 6_bSQd_ B_cU 6_bSQd_ 6QRYQ^Q 7UbQ U 1^Y\TY D_\UT_

1^Q <QebQ U Â\fQb_ @bYbYQdd_


VRFLDO

#)

?^a Xbb^ Td `dTa^ \PXb =y^ Su _PaP bTa ST_^Xb 3^ `dT UXR^d _aP caub =P W^aP `dT Yu | :v }

1^Q 5\_YcQ U 3Qb\_c ;beWUb >U^Q U 5ebYS_ 3Q]`_c

1^Q <eSYQ U <eYj 6Ub^Q^T_ 3Q]QbW_ 1^Q 6vdY]Q ?\YfUYbQ 9cQRU\ U =QbS_c =QWQ\XzUc >UecQ ?\YfUYbQ

1^Q <‹SYQ 3Qjj_\Y B_RUbd_ U 1\YSU @QUc =QbSYQ 4_]U^U

1^Q =QbSYQ U :_z_ 1^TbQTU >_WeUYbQ


$

VRFLDO

1^Q =QbYQ 4e`bQd BYRUYb_ U B_RUbd_ 7b_X]Q^^ 1^Q <eSYQ =QbdeSY U BYSQbT_ =Q^T_\UcY

1^Q =QbdQ 1^TUbc_^ U 6Ub^Q^T_ 3QcdU\\Q^Y 1^Q =UYbQ =QbYQ 4USXYSXY BQSXU\ 2YdU^S_ebd U 6QRYQ^Q CQ]`QY_

1^Q =YdjQ[_VV U 7eY\XUb]U ;_ebi

1^Q @Qe\Q U =Y\d_^ HQfYUb


1^Q @Qe\Q <YcUbbU 5TeQbT_ =QbS_^Yc =QSXQT_ 3Qb\_c 5TeQbT_ U 3bYcdYQ^U 3Q\QRbUj

1^Q @Qe\Q U BYSQbT_ @QcSX_Q\

1^Q @Qe\Q CejQ^Q U <Y\YQ^ 1\]UYTQ

1^Tb} U 7QRbYU\Q @_^SYQ^_

1^Q @Qe\Q U 3Qb\_c 1^Tb} TU 1bbeTQ

9cQRU\Q U 1^Tb} @UbUYbQ


1^Tb} U ;QbY^Q <U]U 1^Tb} U =QbYQ^Q De`_bY^Y :e\YQ^Q =QjjQbY_\

1^Q B_cQ CY\fUYbQ U <YWYQ 3Q]QbW_

1^Tb} U 5bY[Q =QjjQbY_\ <eYj BYRUYb_ U 5\U^Q =QjjQbY_\

1^Tb} U @QdbYSYQ BYRUYb_

1^TbU 1bQ^XQ


VRFLDO

5e ^z_ dU^X_ e]Q YT}YQ ]eYdQ S\QbQ TU aeU] Ue c_e ]Qc Ue cUY UhQdQ]U^dU ]QYc _e ]U^_c aeU] ^z_ c_e Q fYTQ ^z_ } VY\]U _ `_UdQ Zv VQ\_e 1 =U^cQWU] <E<E C1>D?C

<eSYQ^Q U DXYQW_ FQ^Y^

1^Tb} =_bUddY U 1^Q =U\XQT_

$#


$$

VRFLDO

1^Tb} D_bbUc U 1^Q 3\QbQ 2_bTY^Y

1^TbU U 1^Q <QebQ DUYhUYbQ C_ejQ =QbYQ^Q U 1^Tb} 7eRUbd

1^TbUQ 3QcQTYQ U F\QTY]Yb 2_dU\X_ 1^TbUQ U @Qe\_ 8Ub]Q]

1^TbUQ 7YRY^ U 1^Q @Qe\Q 4YQc

1^WU\_ 2QTQ^ U 3Qb_\Y^Q 2YddU^S_ebd


1^WU\_ U =QebQ 3QbfQ\XQYc 1^TbUQ 5c`_cYd_ U DQTUe @U^Q

1^^UWbUd U 7e^dUb CSXY\\Ub

1^Tb} U DXQYc 1\]UYTQ BYdQ U 3Yb_ 7QbSYQ =QbY^Q U =QbS_c 1jUfUT_

1^Tb}Q =QbYQ^U U =QbSU\_ D_^YU\_

1^dˆ^YY_ U 3USY\YQ 7_]Uc TU C_ejQ


$&

VRFLDO

1^Tb}YQ U 8U^bYaeU @_cdQ\ =QbSY_ D_^U\\Y :_c} 1V_^c_ @Y^d_ U =QbdQ 2Q]RY^Y

1^WU\Q U 9cbQU\ 3U\\Y 1b]Q^T_ U 1^Q =QbYQ 4Y^Yj

1^d_^Y_ TU 1^WU\Yc @YbUc 2QbR_cQ U DXYQW_ 6UbbUYbQ :_bWU

1^d_^Y_ 3Qb\_c U FQ^TQ CUSSQSY :_cU U <UTQ =QbYQ 7b_ccY 3Qb\_c 1\RUbd_ U =QbYQ 1`QbUSYTQ <U_^Y =QbSU\\_ U 8Y\TQ =_ebQ 3Q]`_c


VRFLDO

$'

CP[eTi Td bTYP > Š[cX\^ a^\w]cXR^ 3^b [Xc^aPXb 3TbbT >RTP]^ 0c[w]cXR^ ? e\dY]_ b_]x^dYS_

1^dˆ^Y_ U 3\QeTUdU TU <eSQ 5T^Q U =QbS_c @QUc

1^dˆ^Y_ U B_cx^WU\Q 6bQ^cSQbU\Y B_ci U <eYj 1^dˆ^Y_ D_^jQb

1^d_^Y_ TU @QYfQ 3QbfQ\X_ U <YcUdU 3QbfQ\X_

1^d_^Y_ U CdUVQ^YQ 7QfY_\Y =QbSYQ 4_]U^U 1^Q <eSYQ 3Qj_\\Y =_^YaeU 2U^dbQ^U U 4Q^dU DXUbUjz_


$(

VRFLDO

1^d_^Y_ :_bWU >Ud_ :e\YQ^Q >e^Uc 1^WU\Q U 3\†fYc DQ\QbYS_ 2UQdbYj U <eYc 1V_^c_ 6UbbUYbQ

1bdXeb 2_bW_^_fY 6Y\X_ 5TeQbT_ 6ebS_\Y^ U 1TbYQ^Q 6UbbUYbQ 6ebS_\Y^

1b\Y^T_ U CQ^TbQ 7bQ^QT_ 3USY\YQ U 1^d_^Y_ 7_]Uc TU C_ejQ

1b]Q^T_ CQ\fQT_b U DQ\YdQ FYdQSXY =U\Y^Q U B_TbYW_ 4Ucdb_

1b^Q\T_ U @Qe\Q JY\Y_


VRFLDO

3Qb\_c U FUbQ CdQed =QbQ =QY_dd_ 1TbYQ^Q BeccU\\ 7YcU\Y BYRUYb_ :QY]Uc BeccU\U 6bQ^SYcS_ BYRUYb_

2Qc \Y_ D_b^U^Q CY\fYQ =QbYQ BQ^T_ DU\]Q ?\YfUYbQ CQ^d_c U 7Y\XUb]U @QbQTU\Q ?\YfUYbQ CQ^d_c 2UQdbYj =_bQUc 1\fUc

2U^Xeb 3_edY^X_ 3\QeTY_ <UfY U 5\YQ^Q 2bQWQ^dU BYSQbT_ U 5T^Q 2QTQb <eSYQ BY^Q\TY U <eSY]Qb 3_edY^X_

$)


%

VRFLDO

2Ud_ U =QbYQ^Q 3Q]QbW_

2Ud_ BQ]_c =QbY^Q 4USXYSXY U 1^Q =UYbQ

2be^Q =UYbU\\Uc U 6Ub^Q^T_ FQcS_^SU\_c 7bQjYU\Q 7eUbbUYb_ U 6QRY_ >_WeUYbQ @_bd_

2YQ^SQ U 3\QeTYQ @_bdUYb_

2bU^^_ U C_bQYQ :Q^_d


VRFLDO

%!

3QY_ 4Y^Q`_\Y 1T_\V_ 9[Ub U <eSYQ^Q 8UbQc U >Y^Q 4Y^Q`_\Y

2be^Q U :UVVUbc_^ TU 3Qcdb_

3Q]Y\Q 2_\jQ^Y 7eY\XUb]U 2eU^_ U 9QbQ B_TbYWeUc

3Q]Y\Q @_bd_ U CQ]eU\ @QcS_Q\Qd_

> eT]c^ QTXYP \Tdb RPQT[^b 0b ^]SPb [P\QT\ \X]WPb _Ta]Pb > b^[ PQaP{P ^ \Td R^a_^ <Td R^aP{y^ RP]cP UT[Xi 4U bU`U^dU 3Q\YV†b^YQ 3Q]Y\Q <_`Uc <QbYccQ 6_bdU U =QbYQ^Q >UWbz_


%"

VRFLDO

3Q]Y\Q BUYc 1WeY^Q\T_ <_^W_ DUbUjQ U 8U\Y_ 3QTebY^ 1TbYQ^Q U B_TbYW_ B_]Ub_

3Qb\Q 2_fY U 1\UhQ^TbU CYWbYcd 3Qb\Q U 5eWU^Y_ 2Yc]Qb[

3Qb\Q U ;Yc[Q @UbUc

3Qb\Q U @Qe\_ @YcQ^Y


VRFLDO

3Qb\Q U DQdYQ^i =U\_ BQaeU\ @ =ebQbY 1^Q CY\fQ 1]QbQ\ U 4Q^YU\Q 3QcdQ^X_

3Qb\Q =_^TY^Y U =QbS_ ?^WQbU\\Y

3Qb\_c 1\RUbd_ U 1^Tb}Q 6Y_bU\\Y

3Qb\Q =YbQ^T_\Q U <eYj 1\fQb_ 1RTQ\\Q

3Qb\_c U =QbSYQ 1]QbQ\

%#


3Qb\_c U =QbYQ^Q FU\\_c_ 6Ub^Q^T_ U 8U\_YcQ =_bU\\Y @Qe\_ U BU^QdQ 1\]UYTQ

3Qb\_c U BYdQ @Qcc_c =Qb\U^U <e^Uj_ U 5ebY`UTUc TU ?\YfUYbQ 3Qb\_c U =QbYQ^Q B_TbYWeUc

3Qb\_c =QcUddY :e^Y_b U BUWY^Q C_ejQ 3Q]`_c 2UdU U 6\QfY_ 2QeUb

3Qb\_c B_RUbd_ U CY\fYQ 6ebS_\Y^ 1\fY^


VRFLDO

3Qb\_c =ebQbY U BQaeU\ @e`_ =ebQbY 3Qb\Q U 3QYd_ FYQ^^Q

3Qb]U^ :e^Y_b U 3Q]Y\Q FYUYbQ

3Qb\_c U 1TbYQ^Q CQ\WQT_ CeU\Y U BQSXU\ 1]QbQ\

3Qb_\ U BeRU^c FUcS_fY

3Qb_\Y^Q =_bU\\Y BYRUYb_ CdU\\Q U <eYjQ =_bU\\Y @Y]U^dU\

3Qb_\Y^Q U 6bUTUbYS_ =YbQ^TQ

%%


%&

VRFLDO

=QbY^Q 2_ddebQ =U\YccQ 4Y CYbY_ 3Qb_\Y^Q @QcS_Q\ U 7QRbYU\Q @b_S_`Y_ 3Qb_\Y^U U 3YRU\U 2Qbb_c_

3Qb_\Y^Q FYUYbQ 6QRYQ^_ 1cdQ ;QdYQ U FUbYTYQ^Q FYUYbQ

3Qb_\Y^U >YSQ^_b 6\QW_Qc <UdYSYQ =ejUddY U 3Qb]U] FYUYbQ

3Qb_\Y^U B_ccY\Y_ U 3Qb\_c 2Q\TY]

3USi @Y^d_ TU ?\YfUYbQ U <YWYQ BQVVe\


VRFLDO =PSP S^ `dT U^X bTau 3T ]^e^ S^ YTXc^ `dT Yu U^X d\ SXP CdS^ _PbbP CdS^ bT\_aT _PbbPau 3_]_ e]Q _^TQ

3U\c_ U 4Q^YU\\U =QjjQbY_\

3U\c_ U =QbYQ :_c} ?\YfUYbQ

%'


%(

VRFLDO

3U\c_ 6Ub^Q^TUc U 5\QY^U 3QbfQ\X_ 3U\c_ U BU^QdQ @bY]Y 1eWecd_ B_SXQ U BU^QdQ 2QUcc_

3XbYcd_`XUb 2ebd 1^Q 3Qb_\Y^Q @_]`Ue TU 3Q]QbW_ 2ebd DehQ U 7eY\XUb]U 1bbeTQ 3Q]QbW_ TU <eSSQ

3XbYcdYQ^U U 1\]Yb 3Q`U\\Y^Y

3UcQb U CQ^TbQ 7Q\\Y

3XbYcdYQ^U 7Q\\_Yc U GY\]Q 6 7Q\\_Yc


VRFLDO

3YT 3_cdQ :e|QbQ 3_VY^_ >UecQ ?\YfUYbQ 3Qb\Q DY] U @UTb_ 8U^bYaeU TU ?\YfUYbQ

3\QeTYQ =YWeU\ 1^dˆ^Y_ ;XQSXVY :UQ^ 3Qb\_ U 6\QfYQ 7QbTY^

3Y^dYQ CQ\fQT_b U 7eY\XUb]U @YbUc

3Y^dYQ 2bQcY_ 9cQRU\ F_^jUdQ

3\QeTYQ U :_c} 7Y\RUbd_

%)


&

VRFLDO

3bYcdYQ^ DY^Y^ec <YQ B_TbYWeUc 5TeQbT_ <Y^dj U 4U^YcU <Y^dj

3\QeTY_ U 3_^cdQ^dY^Q 3_i

3\_fYc 2QbRQdY U 3Q]Y\Q B_TbYWeUc

3\veTY_ D_\UT_ 3Qb\Q <_`Uc FYfYQ^U U =QbSU\_ @bQT_ =QbYcdU\Q U B_RUbd_ >†RbUWQ


VRFLDO

&!

3Qb\_c 1\RUbd_ U <‹SYQ =_b_ <_ebUYb_ FQ\}bYQ 1bbeTQ U =QbSU\_ =Y^U[QgQ

3_bQ CQ^d_c U 3Qb\_c 1^Tb} 7QbWQ^dY^Y

3\QeTYQ D_\UT_ U =vbSY_ CY]ŠUc

3bYcYdYQ^U CQ^dQ^Q U @UTb_ =Qb]Ub_\\Y

=Â…b b^\^b \dXc^b =y^ b^\^b UaPR^b DeT_ Qje\ 3\QeTY_ 6Ub^Q^TUc 1^Q 3Qb_\Y^Q =QSXQT_ U 6U\Y`U 6Ub^Q^TUc


&"

VRFLDO

3bYcdYQ^U 3QbfQ\X_ U 5TeQbT_ FQcS_^SU\\_c 3bYcdYQ^U U BQVQU\ ?\YfUYbQ

3bYcdY^Q U 1\UhQ^TbU 1\]UYTQ 3bYcdY^Q U 8U\_YcQ @YSS_\_dd_ =QbYQ CY\fYQ BeRYz_

3Qb_\ U B_TbYW_ 3YbY\_ =QbSU\_ U 3Qb_\ 7_^|Q\fUc

B_RUbd_ U <e jQ =_bU\\Y


VRFLDO

&#

3bYcdY^Q CY\fUcdbU CY\fYQ @Y^Q CY\fYQ 3_ed_ U >U^Q 3Q]`_c

3bYcdY^Q CQWQbbQ U 1eWecd_ 2Qbb_c IUTQ HQfYUb CYaeUYbQ FUbQ =QbY^X_c T_c BUYc U 5TeQbTQ 7eY]QbzUc

4Q^YU\ 3Q]QbW_ BU^QdQ <Y^QbT :_z_ U =QbdQ 3QbfQ\XQ\ =U\\_ U C_ejQ

4Q^YU\Q 6UbbQj U GQW^Ub 7YQ^^Y^Y


&$

VRFLDO

4Q^YU\ 3Q`bY^U 2Ub^QbT_ =_bQUc BQVQU\ @e`_ U 6Y\Y`U 6Ub^Q^TUc

4Q^YU\ 4URQcdY^Y U 1]Q^TQ BY_c

4UR_bQ U =QbSU\Y^_ 6Ub^Q^TUc <_bU^Q @QUc U @UTb_ 6Ub^Q^TUc

4QY^Q U 6\_bYQ^_ 2eU^_

4Q^YU\Q D_bbUc U 8eW_ 3QbbUYbQ


VRFLDO

4Q^YU\Q 9c]QU\ 7ecdQf_ U 1TbYQ^Q 3QbfQ\X_ <eSYQ^Q 9c]QU\ U 1^TbUQ 7_^|Q\fUc

4Q^dU U =_^YaeU DUbUjz_ CdUVQ^YQ U 1^d_^Y_ 7QfY_\Y

4QbSi 6\_bU^|U 2Uddi 1RbQXz_ U 3YTY^XQ BUYc

B_^Q\T_ U 4}R_bQ 1jU^XQ

&%


&&

VRFLDO

4UYcU U 1^d_^Y_ CUbWY_ BUWQ^QdY B_RUbd_ U 7\QeSYQ C_R_\\

4U^YcU U @Qe\_ 1eWecd_ TU 6bUYdQc

4_]Y^W_c U 9fQ^Y 6bUTUbYS_

4U^YcU U @Qe\_ =QbdU\\Y

4e\SY^UYQ CY]z_ 1^TbUQ U ;\URUb =QW^ecc_^


VRFLDO

4U^Yc <Y]Q 6Ub^Q^TQ U <eYcQ U 1\UhQ^TbU 3_U\X_

5TYc_^ U BU^QdQ C_ejQ 4U^YcU U 5TeQbT_ <Y^dj

5TeQbT_ 3_ReSSY U ?dQfY_ 3_cdQ

5T]e^T_ U 2UQdbYj CY\fQ

5\Si U ?c]Qb 3XbYcd

&'


&(

VRFLDO

5TUbc_^ U 3\veTYQ @UbUYbQ

5TY^Q\T_ D_\UT_ U @Qe\Q 6Ub^Q^TUc 4Q^YU\Q 3QcdQ^X_ U ?TQYb CY\fQ

3Qb_\Y^Q 2bUW^_\Y 5fQ^TbQ U :QaeU\Y^Y >_fQUc =Q^[Q 3_edY^X_

3 ^dYQ U <e c 1^d_^Y_ CdUfQ^Qd_

5TeQbT_ U 6Ub^Q^TQ TQ B_SXQ <Uz_ CY]_^U CS_bcY U 1^d_^Y_ =QSXQT_


VRFLDO

5W_^ 1bQeZ_ U 5\YQ^U JUbQdY

5Y\UU^ 1VV_^c_ 6UbbUYbQ @Qdb SYQ Cd_VVU\ 1^WU\Q =U^TUc 6Ub^Q^TQ ?dd_^YSQb U >Y\jQ 3_U\X_

<eSYQ^Q U BU^Qd_ CY\fQ

5\YQ^U BQRU\\_ 5TeQbT_ U CQ^TbQ CQbQ^

3bYcdYQ^Q U 3YSUb_ ?]UW^Q FYSU^dU U C_^YQ @YcSY_ddQ B_RUbdQ :ecdY 3QccYQ FY\c_^ 3QccYQ :e^Y_b

&)


5^UYTQ >_WeUYbQ :_bWU U :UccU >UfUc :_bWU

rbYS_ 3Q]`_c :e\YQ U 6bUTUbYS_ DQ]R_bYc U >U^Q 3Q]`_c

5fQ^Tb_ U 7eYTQ 7_]Uc TU =Qd_c

5^i BQ]_c U 1^d_^Y_ TU @QTeQ 3XQYR

5\YQ^U =_bQYc 1^Q <eYjQ =_bQYc TU 3Q]`_c

5fU\Y^U ;Q\QV U 3\veTY_ 7Q\Q^dU


VRFLDO

'!

5fQ^Tb_ U 2UQdbYj @Y^XUYb_ 5T^Q U BYSQbT_ 2QTQb†

5XRP \dXc^ QT\ T\ RX]T\P A^\P]RT S^ a^\P]RT XSTP[ BÂ… eP\^ T]cy^ STXgPa R^\QX]PS^) 0`dX | P eXSP aTP[ DeT_ YWeQ\ 5bY[Q =QjQbY_\ <eSYQ^Q DXYQW_ U =vbSYQ FQ^Y^

5fUbd_^ U <YWYQ 6bQ^[\Y^ <}\YQ @Qcc_c U 3\QeTY_ =UTY^Q

6QRY_ U 3\QeTYQ 7eY]QbzUc


'"

VRFLDO

6QRY_ U 3\QeTYQ DbUfYcQ^ 6QRY_ U :e\YQ^Q @YSS_\_dd_

6QRY_ U <UdYSYQ =ejUddY

6QR _\Q 2eVQbQX U 8U\TUb @YbUc 2eVQbQX

6QRY_ 7Y^T\Ub TU ?\YfUYbQ U <YcQ ?\YfUYbQ

6QRY_\Q U BYSQbT_ TU 1ccYc


VRFLDO

6QRbYSY_ 3XURQ\TY U 1^Q 3Qb_\Y^Q B_WU

3USY\YQ 3Q\UVY U 6U\Y`U 2Q\T_SSXY

=QbYQ^Q U 6U\Y`U @_bd_

2U\Y^XQ FQ\U^dU U 1\VbUT_ 4eQbdU TQ 3_^SUY|z_

6Ub^Q^TQ TQ B_SXQ <Uz_ U CY]_^U CS_bcY

6Ub^Q^TQ U B_TbYW_ 3_U\X_

'#


'$

VRFLDO

6Ub^Q^TQ 7_T_Y 3Qb\_c 7QRbYU\ U 6Ub^Q^TQ @YS_ccY

6Ub^Q^TQ BUjU^TU 3\QbYccQ @UTb_c_ U <eSYQ^U 6\QfY^XQ

6Ub^Q^T_ U B_cQ^U 6UbbUYbQ

6Ub^Q^T_ 3QbR_^QbY BU^QdQ @Q\QjjY U 5cdUVQ^_ JQ[YQ

7QRbYU\Q =U^UWQjj_ U 6Ub^Q^T_ @QbYcY_d_


VRFLDO

6UbUc U B_cY =QSe\ 1^TbU 8QecUb U 1\Y^U @YQWY

6\vfYQ 3_U\X_ 1^Q @Qe\Q @QSX_Q\ GQ\TU]Qb @QcSX_Q\ U 1^Q CY\fUcdbY

6\vfYQ @UbUYbQ U 4Q^YU\Q 1\RQ^_

6\vfYQ U 7eY\XUb]U 3_U\X_

6\QfYQ <_`Uc U =QbYcdU\Q AeY^dQ^Q

'%


'&

VRFLDO

6\vfY_ 2YW\YQ 5]Ubc_^ 7YbYR_^Y 1^d_^Y_ BeUdY 7Ub]Q^ 5^bYaeUj U 3U\c_ 2bYWQWz_

6\QfY_ U 7Yc\QY^U 3Qcdb_ ;QdYQ U :_z_ 2U^d_ @Y^XUYb_

6\vfY_ U =QbY\UecU TU ÂfY\Q <_b_ U BYSXQbT ;Y^W

6bQ^SYcS_ 5TeQbT_ <Y]Q U 3\QeTY^Q CY\fQ =QSXQT_


VRFLDO

''

6\QfY_ @ 7YQ^^_^Y 3\QeTYQ FQ\\U 5\U^YSU U 6\QfY_ 7YQ^^_^Y 1\RY^U\ U 6\vfY_ >_WeUYbQ

3QTQ `Ucc_Q ^QcSUe S_] cUe TUcdY^_ 1Y^TQ aeU V_b `b_SebQb DeT_ } Y^SUbd_ U `_b Ycc_ ]Uc]_ UhQd_ DeT_ aeU V_b `bQ cUb cUbv 3bUY_ <E<E C1>D?C 6bQ^SYcS_ U 1\UhYQ 1jUfUT_ :_cU\Y U :_c} B_RUbd_ FQcS_^SU\\_c

6bUTUbYS_ DQ]Rebec U :e\YQ 3Q]`_c

7QRbYU\ U CQ^TbQ 6YWeUYbUT_


'(

VRFLDO

7QRbYU\Q 2Ubd_\Y^Y U GQW^Ub =QdXUec

7QRbYU\ 6YWeY^XQ FYSd_bYQ 7eUbbUYb_ :_cU 5TeQbT_ 1cce^|z_ U 6Ub^Q^TQ 6UbbUYbQ

7QRbYU\Q 2_bTY^U 5TeQbT_ 1^Q : 6bQ^SYcS_ U 6Ub^Q^TQ @b_dQ U 1\UhQ^TbU 6YWUcY_^Y

7QRbYU\\Q CQbTY^XQ U =QbS_c TQ 3_cdQ =QSXQT_ C \fYQ U =QbS_c CQbTY^XQ

7U\]Q U <eYj =YbQ^TQ


7U_fQ^U <Y]Q =QiQbQ 6bUYdQc :Q^UdU U :_c} <eYj 6bUYdQc

7Y\RUbd_ =YWeU\ 3XQdY U >Y\jU 7_bQYUR 3XQdY

7U_fQ^U BYRUYb_ BQaeU\ U =QbS_c 1\]UYTQ @bQT_ :e\YQ^Q U 7eY\XUb]U @bQT_

7Y\]Qb U <UY\Q 1bQ‹Z_

7Y_fQ^Q 2Qbb_c_ U 1\UhQ^TbU ?\YfUYbQ

7bQ|Q @Q\Qjj_ ?dd_ 3QbfQ\XQbUc U 1\UhQ^TbU F_jjQ


(

VRFLDO

7YcU\U B_cQ 5TgQbT 2Y\d_] 1^Q @Qe\Q =_bUYbQ 3bYcdYQ^U 3Q`YdQ^Y^Y ?bY]Qb 1bQ‹Z_ =QebYSY_ U <QbQ <QddQb_ 1^Tb} U =vbSYQ =_^dUYb_

7eY\XUb]U 3_U\X_ BYSQbT_ U FQ\TU]Qb @QcSX_Q\

7eY\XUb]U TU <eSQ U 1^Q BQaeU\ =_bQUc

7bQcYU\Q U BYSQbT_ 2_^QfYTQ

3USY\YQ U 1^d_^Y_ 7_]Uc TU C_ejQ :_cU BYSQbT_ =_^dUYb_ U <eSYQ^Q FY\\Q^Y


7eY\XUb]U 1\fQbUj U FUb_^YSQ =QWQ\XQUc DXQYc 8U\_YcQ U =QbSU\_ ?b\Q^TY

7eQSYbQ U CUbWY_ 1RbUe

7eY\XUb]U CQ\U[ 6\vfYQ U =QbYQ^Q 3_ed_ U =ebY\_ =QbSXY^Y 7eY\XUb]U U <eSYQ^U FYUYbQ

7ecdQf_ U CY\fYQ @UbUc BQe\ U 1TbYQ^Q CQTYb

7ecdQf_ <U]_c U DQdYQ^Q <_`Uc


("

VRFLDO

7ecdQf_ U FQ^UccQ 2bUdUb^Ydj GY\c_^ U 1TQ 3QbYQ 7ecdQf_ CSQb`Q U =QbYQ^Q 1\]UYTQ

8U\U^Q BeUdU U 9cdfQ^ 4_RbQ^cj[i :_c} BUY^Q\T_ U 1^Q 2UQdbYj B_SXQ

8U\_YcQ 3QfQ\SQ^dY TU 1\ReaeUbaeU 3QdXQbY^Q J_ddQ TU C_ejQ :e\YQ 3QfQ\SQ^dY U @\Y^Y_ TU 1\ReaeUbaeU

<eYj 6U\Y`U 7_^|Q\fUc U 2be^Q 7YQ^^UcSXY


VRFLDO

=QbYQ T_ 3Qb]_ U @Qe\_ B_cQ 1\VbUT_ U =QbY BYdQ 1iecc_ 1\UccQ^TbQ U 6QRbYSY_ C_eRXYQ

=QbSY_ U 4Q^YU\Q 1^d_^Y^Y

=QbSU\_ 2Ubd_\Y^U U 4U^YcU 4U\WQT_

=QbYQ T_ 3Qb]_ U 3Qb\_c 5TeQbT_ 6U\Y`U

=Qeb_ U 3bYcdY^Q =QSUT_

(#


BU^Qd_ U 1^Q CQ^dY^Q CUWQ\\Y_ 6Ub^Q^T_ =QSXQT_ U =QbY\U^Q 6UbbUYbQ BU^QdQ U 3Qb\_c CSQb`Q

BU^i U 5TeQbT_ ?\YfUYbQ

B_RUbd_ U 3bYcdYQ^Q CdQb_`_\Y

B_RUbd_ =U^T_^|Q 1^Q 3\QeTYQ 2Q^XQbQ 6QRY_\Q U 4Q^YU\ CSXQUVUb


VRFLDO

8Qb_\T_ 2Qbb_c U :e\YQ =_edbQ^

7ecdQf_ U @Qe\Q 3bej

(%


3Qb\_c <eSY\Q <eYcQ U BQVQU\ 6YWeUYbUT_ 3YRU\U U BU^Qd_ FQ\RUbd

4Y_^U U =QbSU\_ BYRUYb_

5\YQ^Q BUWY^Q U :_cU =QbY_

3}\YQ @UTb_ U B_RUbdQ =QSYU\

7YecU``U U <eSY\Q 1YdQ 2U\ U 3QY_ CSQb`Qb_


VRFLDO

('

8U\_YcQ U 3Qb\_c 1\RUbd_ 7YQ^VbQ^SUcS_ BeRU^c >QbTeSSY :e^Y_b J} 2YddQb U BU^QdQ 3_\eSSY

8eW_ @YSS_\_dd_ >Ud_ 4Q^YU\Q 2Ub^QbT_ @YSS_\_dd_ B_RUbd_ U 4Q^YU\Q 6UbbUYbQ

9b^Q B_cQ U 1Ybd_^ 6Ubb_ =QbSU\_ B_cQ

9cQRU\Q @bQdUc U :_z_ =QbSU\_ 6eb\Q^

9cQRU\ U CY\fYQ =_\YdUb^_ 5TeQbT_ 3bej


((

VRFLDO

9^Q\T_ 1^d_^Y U =QbSYQ 7eY\XUb]U =_^YSQ U 3Qb]U^ <eSYQ FYUYbQ

9^vSY_ U =QbYQ 8U\U^Q 6bQWQ C \fYQ U 6Ub^Q^T_ BQdd_

9cQRU\Q =QbYcdU\Q 1\]UYTQ U B_RUbd_ 1\]UYTQ :e^Y_b

6QRY_ CQ^dQ^TUb 1^Q 6\QfYQ 3Qb\UddY CQ^dQ^TUb U <QUbj_Y 3Qb\UddY :e^Y_b

:Q^QY^Q 7bQ]Q U 3YT 7eY]QbzUc

9cQRU\Y 6eb\Q^ U :e\YQ^Q =QWQ\XzUc


VRFLDO

9cbQU\ U 6Ub^Q^TQ 7UbQ\TY =_^YSQ U 1^d_^Y_ 8U^bYaeUc

:Q^UdU U :_c} <eYj 6bUYdQc

:Qj_]Qb U 3\veTYQ >_WeUYbQ :Qj_]Qb U BUWY^Q >_WeUYbQ

:_Q^Q U 3Qb\_c <_`Uc =Y\d_^ U =QbYQ <eSYQ 3ibY^_

3YTY^XQ U 6bQ^SYcS_ JQ^Y^ >Ud_

()


)

VRFLDO

@UTb_ D_cU\\_ :_Q^Q BQ]_c =QbY^Q U 3Qb_\Y^Q 3_U\X_

:_z_ =QbSU\_ 6eb\Q^ 9cQRU\Q @bQdUc =QbYQ^Q 1\]UYTQ U 1^TbU 1\fUc

:_U\ U 3QccYQ =Ydd]Q^^ =QbY_ U 3\QeTYQ 3QfQ\YUbY

:_bWU =YWeU\ ;UYbQ\\Q 6Y\X_

:_bWU :UQ^ 5\RQ^Qd U =QbYQ 1`QbUSYTQ >QjQbY_

:_c} 1\ `Y_ U <Y\YQ^ @UbUYbQ


VRFLDO

)!

:_bWU C_ejQ =vbSYQ 2_bWUc 6bUTUbYS_ =YbQ^TQ 3Qb_\Y^Q FYdQ\ 4_

4d eTY^ d\ ]^e^ 2^\T{^ ST TaP 3T VT]cT UX]P 4[TVP]cT T bX]RTaP DU]`_c ]_TUb^_c :_bWU U >Y\jQ 3_U\X_ 1^WU\Q U <eYj 3Qb\_c =U^TUc

:_cU 3Qb\_c U 8U\_YcQ 3USSXY B_cU U :_cU <Y^dj

:_c} 1^d_^Y_ Â\fQb_ TQ CY\fQ U =QbYQ 1\YSU 7Ube^QWeQ CY\fQ


)"

VRFLDO

:_c} 5TeQbT_ CQ^TbQ CQbQ^ 5\YQ^U U =QbSU\_ BQRU\\_

:_cU 7ecdQf_ C_ejQ 6\QfYQ =QSXQT_ =QbYQ^Q 2ed_\_ TU C_ejQ U 3\QeTY_ D_\UT_

:_cU <eYj DXYQW_ 7\_bY^XQ U <eYj 1^d_^Y_ B_]Q^_ B_SXQ

:_c} 3\QeTY_ U Cˆ^YQ CUQRQ =vbSYQ 2bQWQdd_ U 5TeQbT_ 6UbbUYbQ 7_]Uc

:_c} 8U^bYaeU U ?VU\YQ TU 3Qcdb_ 3\QeTYQ <eYjU ;\_S[^Ub U 4Y]Qc TU 3Qcdb_ :e^Y_b

:_c} =QSXQT_ TU 3Q]`_c 6Y\X_ U =QbYQ 7bUW_bY_ =QSXQT_


VRFLDO

:_cU B_RUbd_ U 4U^YjU CY\fUYbQ =QbYQ 1]U\YQ U B_RUbd_ B_cQ

:_c} BYSQbT_ =_^dUYb_ U <eSYQ^Q FY\\Q^Y DXU\]Q U 3Qb\_c 5TeQbT_ =_^dUYb_

:_c} FUb ccY]_ >Ubi 6Y\X_ 7U^Y 3_U\X_ >Ubi =QbYcQ D_bbUc U 7Y\RUbd_ FYSU^dU =Q^jQ\\Y

:_c} BU^Qd_ U 1\UccQ^TbQ 4_]Y^WeUc

:_iSU U DXYQW_ 9QTUb_jQ

)#


:e\YQ 3Ubf_^U =QbU <_`Uc TU 6QbYQ U 9cQRU\Q =_bUYbQ :e\YQ 7Yb_^T_ U <eYjQ 7_RR_

:e\YQ @_ccUTU^dU =QbYQ <eYjQ 2QbR_cQ U @Q_\Q 2Qcc_\Y

:e\YQ FQ\U^dU BYSQbT_ CSQb`Qb_ U 4_eW\Qc 2_e|Qc

:e\YQ^Q U 9dQWYRQ @QjY]

:e\YQ^Q 1bQ‹Z_ U 9^WbQ 2QbSU\_c


VRFLDO

:e\YQ FQ\U^dU 7QRbYU\Q 2YjjQ^SSXY U =QbY\YQ CSQb`Qb_

:e\YQ^Q 2QSY_ddY U @UTb_ AeQW\YQd_

:e\YQ^Q 2e\\ U 9cQRU\Q 3QbYQ

:e\YQ^Q =e^X_j <eSYQ^Q FQbU\Q U GQW^Ub =QbdY^c

:e\YQ^Q U 1TbYQ^_ BUjU^TU

:e\YQ^Q U 7QRbYU\Q 4YQc

)%


)&

VRFLDO

:e\YQ^U CUbbQ :e\YQ^Q B_SXQ U 9cQRU\Y 6UbbUYbQ

:‹\Y_ U 3YRU\Y 3XYQSSXY_ 3Qb_\Y^Q U 3UcQb JQ\QV

<QUbdU U CY\fYQ =QSXQT_ <QebQ 2be^_ U =QbSU\ @_`_fYSY

:e^Y_b U 3Q]Y\Q FYUYbQ

;QbU^ U =QbSU\_ =YbQ^TQ

BU^QdQ 3QbfQ\XY^X_ 2e\\ U 4UfQ\T_ 2e\\


VRFLDO

;QbU^ =YbQ^TQ FUbYTYQ^Q U =QbYQ 9^Uc @_bd_

;QbY^Q =QWQ\XzUc U =ˆ^YSQ <UYdz_

<Qeb_ <YQ U 8U\U^Q 1^TbQTU

<U_^QbT_ BUYc 9c]Qb U 1^TbUQ FYUYbQ

<U_`_\T_ <eSQbU\\Y U 4Q^YU\Q =QbSXY\\Y

)'


<UTQ <YTYQ <Y U <YWYQ 4µ?ddQfYQ^_

<YQ =_bQUc 5fU\Y^ <_R_ U =Y\Q 3ebdY

:e^Y_b U =QbYQ^Q 1\]UYTQ BeRU^c EbjUT_ U =U\YccQ F_^ JeRU^

CvfY_ U <YWYQ TU =QbS_

<UdYSYQ =QSYU\ U 1TbYQ^_ =UcaeYdQ

<Y^Q U <_dXQbY_ CSXb_UTUb


VRFLDO

))

<eSQc 1bQeZ_ DQSYQ^Q 4UVQ^d U DX_]Qc 1bQ‹Z_ <YcQ^TbU 1WeYQb U =QbSU\_ =YbQ^TQ

BYSQbT_ U <YQ FQ\U^dU 1RU\QbT_ U BUWY^Q <U]_c 3bYcdY^Q U 1\UhQ^TbU 1\]UYTQ

<eSYQ^Q 2QSS[Y U BYSQbT_ <U^jY

<eSQc =QbYQ^_ U 8UeSY]QbQ 3_U\X_

<eSYQ^Q 3XUSSXYQ U B_RUbd_ @Y\_d


!

VRFLDO

<eSYQ^Q 3_U\X_ 3Q]Y\Q 2_\jQ^Y 1^Q @Qe\Q @QcSX_Q\ 1^Q CY\fUcdbU 6\vfYQ 3_U\X_ U 9QbQ B_TbYWeUc

<eSYQ^Q 4Y >Q`_\Y 8UbQc 3QY_ 4Y >Q`_\Y 1T_\V_ 8UbQc U >Y^Q 4Y >Q`_\Y 8UbQc <eSYQ^Q U :_z_ @bQTQ

<U_^QbT_ U <eSYQ^Q BUYc

<eSYQ^Q U =QbSU\_ 6QfQ


VRFLDO

<Y\YQ^Q @_]`U_ TU 3Q]QbW_ U B_^Q\T DQ^Y]_d_

<eSYQ^_ U :e\YQ^Q 1^d_^U\\_ 8eW_ U 5bYWQ 3Q]`U\_

<eSYQ^Q 6bUYdQc U =QdUec DUYhUYbQ

! !

<eSYQ^Q DbU^SX 6vRY_ =QccYbU DXYQW_ FQcS_^SU\_c U 3Q]Y\Q DbU^SX

<eSYQ^Q U >U^U 8_ccbY

<eSYQ^Q 7QbSYQ U 1\VbUT_ 3XUSSXYQ >Ud_


! "

VRFLDO

<eYc 1\UhQ^TbU U 5fQ^YQ =QbY^Y FQ^UccQ U 4U^Yc CSXgQbjU^RUS[

<eYc 1^d_^Y_ D_^jQb U :e\Y_ 3XYQSSXY_

<eYc U 1^W}\YSQ 2QWWY_

<eYc 8U^bYaeU U =QbY\YQ^ 3Q^WYQ^Y <QYc U 1^Tb} 2_^VQ


VRFLDO

=QbY\YTYQ U <eYc =UcaeYdQ

! #

<eYc ?dQfY_ U 1^WU\Q >_fQUc =QbSYQ :Q^Y^Y


<eYj 4Y^Yj U <Y 4µ?ddQfYQ^_

<eSYQ^Q FQ^eSSY U 6U\Y`U 8_ccbY >Ud_

<eYcQ 7_RR_ BQVQU\ 3bYQT_ U :e\YQ 7Yb_^T_

<eYc 3bYcdY^Q U =QbYQ 1eWecdQ =_bUYbQ

<eYj U 3Qb]U^ =U\XQT_ 9cQRU\ U BYSQbT_ 1bQeZ_ <U_^U U BUWY^Q 1^WY


VRFLDO

<eYj U 6Ub^Q^TQ B_SXQ 6Ub^Q^TQ U =QbY_ 5TeQbT_ 3Q]`_c

<eYj 6U\Y`U 2UbQ^Y U =QbY^Q =QbYS_

<eYj 8U^bYaeU 2Q\R_ U CY\fQ^Q 7bQ^TY^

<eYj 6Ub^Q^T_ U 3bYcdYQ^U CUbbQ

<eYj 2YSeT_ <‹SYQ @U^dUQT_ TU 6bUYdQc 1V_^c_ @Y^XUYb_ U B_cQ^Q 2Ub^QbT_

3\QeTYQ U <eYj 8U^bYaeU 7ec]z_

! %


! &

VRFLDO

<eYj ?dvfY_ U 1^WU\Q >_fQUc 5cdU\Q U 1^WU\_ DeSSUddY :e\YQ^Q >e^Uc U 1^d_^Y_ :_bWU >Ud_

<eYj ?dQfY_ U 1^WU\Q >_fQUc B_RUbd_ U CQ^TbQ FUcS_fY 3bYcdY^Q U BQVQU\ ?\YfUYbQ

<iWYQ 7edX <YQ U 1TbYQ^Q BeccUddY

<eYjQ =UcaeYdQ U BUi]Qb 4QbYc_

=Q bQ U @Qe\_ BYRUYb_


=Q^_U\ U FUbQ 1\U^SQb CY\fYQ U 6vRY_ FY\Qb

=QbSU\_ U CejY @QcSX_Q\ 1TU\Y^Q U =QdUec @Q^_cc_

=QbSU\_ 1\UhQ^TbU U 7QRbYU\Q @_bd_ BUQ\

=QbSU\Q U @Qe\_ 1^Tb} @YddYW\YQ^Y

=QbSU\Q C_R_\\ U 6QRYQ^Q BUWQ^QdY

=QbSU\_ U 1^Q @Qe\Q 6Ub^Q^TUc


! (

VRFLDO

=QbSU\_ C_ejQ AeUYb_j 1\]UYTQ :e\YQ^Q =_^dQ\TY CQ\fQT_b U 1\UhQ^TbQ CSQb`U\\YbQ 1^Q =QbYQ C_ejQ AeUYb_j BQe\ U >QdQ\YQ =_^dQ\TY U BYSQbT_ 7eY]QbzUc

=QbSU\_ FYUYbQ U 7YcU\U DUW_^

=QbSU\_ U 7Y_fQ^^Q CQYT

=QbSU\_ ?b\Q^TY U :e\YQ ;Y]

=QbSU\_ U @QdbYSYQ 6bUYdQc B_TbYW_ U =U\Y^Q 4Ucdb_ 7YcU\Q U :_c} 8U^bYaeU 7b_ccY


VRFLDO

! )

=QbSYQ U :e\Y_ 4U\\ 3YcdYQ =QbYQ 5\YjQRUdX U 6\_bQ 2QSSY\\Y 6QRYQ^_ =QbSXUcY 3bYcdY^Q U 1^d_^Y_ 3Qb\_c 2QSSY\\Y U 6\QfYQ <_`Uc

=QbSU\_ =QbYQ 3USY\YQ <eYjQ EWQbdU U 3QccY_ 7_^jQ\Uc

=QbSYQ 2_bWUc U :_c} C_ejQ

=QbYQ^Q U =QbSU\_ @QfQ^

=QbSYQ 3Q]`_c U :_c} 1\UhQ^TbU CY\fQ


!!

VRFLDO

=vbSYQ U 3ib_ 2Ub^QbTUc 3bYcdY^Q U :_z_ @UYh_d_

=QbSYQ U B_^Y\c_^ =_bU^_

=QbSYQ 6UbbUYbQ U 7U_bWU =QbdY^c TU C_ejQ

3Qb_\Y^Q 3e^XQ U 1^Tb} 1]QbQ\

=QbSYQ U =QbYQ DUbUjQ TU 1bbeTQ 1\]UYTQ =QbS_c 6UbbUYbQ TU 3QbfQ\X_ U 1^WU\Q 1\]UYTQ 3QbfQ\X_

=QbSY_ U =QbSYQ D_\UT_


VRFLDO

!!!

=QbS_ 1^d_^Y_ TU C_ejQ ;QbU^ @_bVY^_ U @Qe\Q CQbd_bY =vbSY_ J_WRY U <UTQ BUYc

=QbS_ 1fQ^SY U =Y\U^Q =Qb[Uc FQ^Y^

6Ub^Q^T_ Fx^YQ U 7QRbYU\Q 3e^XQ

=QbS_ 1^d_^Y_ U CQ^TbQ FYf_\_ 3 ^dYQ 6UbbUYbQ U BU^Qd_ 1bbeTQ 6QWe^TUc :e^Y_b


=QbS_c U 1TbYQ^Q @Qcd_bY @QdbYSYQ U =QbSU\_ 7_bWQddY

=QbS_c U 6Ub^Q^TQ =U^T_^|Q 7Ubc_^ U 3XbYcdYQ^U @Y^d_

=QbS_c U 6QRYQ^Q 1fU\Qb

=QbS_ U =QbYcQ 6eb\Q^Udd_

=QbS_c 1\UhY_ @Qcc_c TU 1\]UYTQ U =QebQ CQ^deSSY TU 1\]UYTQ

=QbS_c U 9cQRU\ =QWQ\XzUc


VRFLDO

!!#

=QbS_c U B_RUbdQ CY]ŠUc 5\YQ^U DQTUY B_RUbdQ U 5TeQbT_ =QbS_^TUc 1\RUbd_ U <Y\YQ^ 7eYT_ddY

<T Su d\ QTXY^ T]cy^ 0_TacP P \X]WP \y^ C^[XRT | eXeTa P eXSP 0bbX\ bT\ PeT]cdaP ? e\dY]_ b_]x^dYS_ =QbS_c >eSSY :e\YQ^Q U 9cQRU\Q 3Q]QbW_

=QbS_c @QUc :e^Y_b 5T^Q =QbS_c U 2YQ^SQ @QUc

=QbSec U FQ\aeYbYQ CSQbQReSSY


!!$

VRFLDO

=QbYQ <eYj U B_RUbdQ 3_U\X_ U :_c} <eYj 7bUSS_

=QbYQ 1^WU\Q U 5TeQbT_ DY\[YQ^ 3Q^Te U >Y\cQ 3_U\X_

=QbYQ 3_^T_ddQ 2UQdbYj =YbQ^TQ =QbSYQ FYSU^dU U 1^Q BQaeU\ CYaeUYbQ

=QbYQ 1^d_^YUdQ TU ?\YfUYbQ U =YSXU\Y 2bYd_

=QbYQ 3bYcdY^Q U <QUbdU =QbQ^W_^Y


VRFLDO

!!%

=QbYQ 3bYcdY^Q U >U\c_^ 3Q`bY^Y :b @Qe\_ B_RUbd_ U 1^Q 4QX]Q 5TeQbT_ U =QbYQ 3bYcdY^Q 1^de^Uc

=QbYQ 3bYcdY^Q U >Y\c_^ =U\\_ ?\YfUYbQ

=QbYQ 6Ub^Q^TQ U BU^Qd_ 2UfY\QaeQ TU 3Qcdb_

=QbYQ 3bYcdY^Q CY\fUcdbU U :_QaeY] 2ecd_bVV CY\fQ

=QbYQ 8U\U^Q U 1\eYjY_ TU 3Qcdb_


!!&

VRFLDO

=QbYQ <U_^_b C_ejQ 3Q]`_c 2QbbUd_ :_c} >_bRUbd_ 2QbbUd_ =QbSU\_ @UbUYbQ FUbQ 3bU`Q\TY @UbUYbQ

=QbYQ <QebQ U 2be^_ @Q\Ub]_

=QbYQ >Y\jQ U 3XYS_ CQ]`QY_

=QbYQ ?\Y]`YQ U 2UddY^Q =_^dU^UWb_

=Q bQ FYdQ\U <eYc 1\VbUT_ 3Qcdb_ 9cUYcQ 3Qcdb_ U =QbYQ 3Qb]_ B_TbYWeUc

=QbYQ 9cQRU\ @Udbe^WQb_ U C}bWY_ B_TbYWeUc


=QbYQ^Q 4Q^YU\ U 6Ub^Q^TQ 2be^ =QbYQ^Q 1cce^`|z_ U 1^Q <‹SYQ 3Qjj_\Y

=QbYQ 1^WU\Q U BQ\`X CdUddY^WUb

=QbYQ^Q U 1^Tb} 7Q\fz_ 3Qb\Q 4_bYW_^ U FYbWY^Q 7Q\fz_

=QbYQ^Q U 1eb}\Y_ BYRUYb_


!!(

VRFLDO

=QbYQ^Q 7b_]R_^Y U 6Ub^Q^T_ ;U``[U

=QbYQ DUbUjQ U @Y^TQb_ JUbRY^QddY

=QbYQ^Q =_ddQ U >QdXQ\YU 7YQSXY^Y

=QbYQ DUbUcQ U :_z_ B_RUbd_ 1WeYbbU

=QbYQ <e cQ U :_c} 3\veTY_ 2b_\\_

=QbYU\Q U 1\UhYc 6_^dUi^U


=Qb \YQ U 3UjQb CQ^WUT =vbSYQ U =QbS_c @_bd_

=QbY\Y U 3Qb\_c =QbY_dd_^Y

=QbY^Q 2U\Y^Y U 3U\Y^Q 3Q]QbW_ =QbY^Q U 4Q^YU\ D_eb^YUeh

=QbY^Q 1cce]`|_^ 6\QfYQ 1WeYbbU =QbY^Q B_TbYWeUc 7QRbYU\Q @_^SYQ^_ 6Ub^Q^TQ Db_^TY


!"

VRFLDO

=QbY^Q U 3USY\Y_ 2eVQbQX :e^Y_b :_c} 6Ub^Q^T_ 2QbbUYbQ U CY]_^U 1dQ\Q

=QbY^Q FUbd_^Y < WYQ 4_ddQfYQ^_ :_c} CUddU U <QebQ 4_ddQfYQ^_

=QbY^Uc U @UTb_ @_bd_

=QbY^Q @e`_ >_WeUYbQ U 6\QfY_ @Qcc_c

=QbY^Q U =QbS_c 1jUfUT_

=QbY_ U 3\QeTYQ 3QfQ\YUbU U 7Yc\QY^U CQ^d_c


VRFLDO

=QbY_ FQ^Y^ 6Y\X_ C_^YQ FQ^Y^ 5\U^Q =QjjQbY_\ U <eYj BYRUYb_ TU 1\]UYTQ

=QdXUec FYUYbQ U ;QbY^ D_bdY]Q 1\fQb_ B_TbYWeUc U B_cQ =_^TY^Y

=Qb\Y BUYc U 6QRYQ^Q BUYc FY_\Qb_

=QbYcQ =_bU\\Y 7Yb_^T_ 1TbYQ^Q CdUY^ 6Ub^Q^T_ =_bU\\Y 9b]_ U CQ^TbQ =_bU\\Y BYRUYb_

!"!


!""

VRFLDO

=Qb\Y BUYc 7YcU\TQ DUYhUYbQ FUbQ >_WeUc C_^YQ CSQb`U\\Y 1^Q =QbYQ 1ccYc B_TbYWeUc U =QbYQ 5fQ^WU\Y^Q 7Q]Q

@Qe\_ U =QbYQ <eYjQ :Q^^Y^Y

=Qeb SY_ U <QbQ <QddQb_

=QebYSY U 1]YbU >_f_Q

=Qeb SY_ >e^Uc 4YQc FUbYTYQ^Q B_cQ\Uj >Y^Q U 3_^bQT_ 7edX


VRFLDO

!"#

=Qeb_ U 3Qb]U] @YSSXY_^Y 3QSQ U 1\UhQ^TbU 6QbYQ

=Qeb_ U >U\Y =_bUddY 1^TbUYQ U 7eY\XUb]U ;beWUb

=U\YccQ U BeRU^c EbjUT_

=Qi^QbQ 6bUYdQc U 7U_fQ^U <Y]Q

=U\YjU CQbd_bQd_ U 7QRbYU\Q 6Q^U\\Y


!"$

VRFLDO

=_Yc}c U B_RUbdQ 2YddQb >QdQcXQ 3QfQccQ^Y GQ^TUb 2bYd_ 3Qb]U] =Q[YcXY]Q 7UbQ\T_ CdQ^SY_\Y <eSYQ^Q U <U_^QbT_ BUYc

=YSXU\U 3QUdQ^_ U 1\RUbd_ =QbYQ^_

=Y\d_^ =QbdY^c =QbY\Y 6bUYdQc =QbdY^c 1^Q 3\veTYQ U ?cgQ\T_ 4YUj

=Y\U^Q U ?cgQ\T_ EbRQ^_ >Ud_

=ˆ^YSQ U 3UjQbY^_ 3QbfQ\X_ TU =_ebQ


VRFLDO

!"%

=_^Q 5\ 2Q^Qd FUbQ 3XQTQTY T_c BUYc U IUTQ HQfYUb CYaeUYbQ

=_^YSQ B_Rc_^ <U\Yc <Y^S_^ @UbUYbQ U 6\QfYQ 1RTQ\Q

= ^YSQ U :UVVUbc_^ 2UbWQ]_ 5\YUdU 7_]YTU U B_RUbd_ 6UbbUYbQ

= ^YSQ U ?cgQ\T_ CUYVVUbd

= ^YSQ <_R_ U 3}cQb 3XUSSYQ


!"&

VRFLDO

5aeY`U =vcdUb TU F_\UiR_\

>Q^Y U <eYj 8U^bYaeU DbY\X_ =eSQ @UdbY\\Y U 9cQRU\Q 3QbT_c_

>QdXv\YQ >QTU\YSSY U DXQRQdQ <Y]Q

>QdQcXQ 3QfQccQ^Y U GQ^TUb 2bYd_


VRFLDO

>U\cY^X_ @Y\_d CQ^TbQ F_\[ <eSYQ^Q 2Qbb_c U >QTib 3_cdQ

!"'

>Ud_ U 6Ub^Q^TQ Db_^TY 6UbbUYbQ

>U\c_^ U 6QRY_\Q 2USXQbQ 1\Q^ U 3Qb_\ 3ebi CY\fYQ U 1\UhQ^TbU 2QbbUdd_

>YSUcY_ U <Y\YQ 3QcS_^U =QbY\YQ U :_cU 3Qb\_c =QYQ 3QccY_ U @QdbYSYQ @U^dUQT_ =QebQ U :_z_ :_c} FYWQ^_


!"(

VRFLDO

>Ud_ U :_z_ @Qe\_ TQ B_SXQ

>Y\]QbQ U 2Ud_ 4Q^YU\

>U^Q @Y^d_ =_bUYbQ 6U\Y`U 2eWQ\X_ 1^Q 3Qb_\Y^Q =QbYQ DUbUcQ U 3Qb\_c @_bd_

?TQYb CY\fQ U 4Q^YU\Q 3QcdQ^X_ 1^Q U :_z_ CY\fQ @QSX_S_

>Y\fQ D_\UT_


?\Yb B_RUbd_ CY\fQ U FYbW ^YQ 2_bU\\Y 7 =YbQ^TQ

3Qb_\ =QSXQT_ U ?b\Q^T_ =QbdY^c

?cgQ\T_ T_c BUYc >_WeUYbQ >Ud_ 6\vfYQ 1\fUc TU ?\YfUYbQ TU 1aeY^_ =QbSU\\Q U 7eY\XUb]U 1bbeTQ 3Q]QbW_ TU <eSSQ

@Qdb SYQ U 7QRbYU\ =_edbQ^

@QdbYSYQ U 8e]RUbd_ 4U\\Q CQ^dQ BU^QdQ U 1\fQb_ 3Q]Y\_

@Qe\Q 3_bbUQ U <eYc 6QbQX


!#

@Qdb SYQ U @Qe\_ @Yjz_

@Qdb SYQ @U^dUQT_ 1^Q 6vdY]Q 3QbQ]QddY U =QbY\YQ =QYQ

@QdbYSYQ 7ebWU\ U 3U\c_ @UbUYbQ

@Qe\Q U 7ecdQf_ =e\\Ub

@Qe\Q U 7Y_fQ^^Y 4YcYbY_ CY]_^U U 5TWQb DbQRe\cY @QdbYS[ U Ci\fYQ >QTQi 1^TbUQc U 2YQ^SQ 2eb]UcdUb C_^YQ DbQRe\cY U 7ecdQf_ E\c_^ 3i^dXYQ U =QbSU\_ BYRUYb_


VRFLDO

!#!

@Qe\_ U 6QdY]Q =QSXQT_ FQ\TU]Qb U =QbYQ TU 6QdY]Q 7QbWQ^dY^Y

@Qe\_ U 3bYcdY^Q <Q BUWY^Q

@Qe\_ U @Qdb SYQ TU =QdXUec

@Qe\_ U 1^Q @Qe\Q 4eQbdU @QdbYSYQ U GY\XU\] CYUgUbd >Ud_ <eSYQ^Q U 6QRY_ 6QWe^TUc 1TbYQ^Q U 7ecdQf_ AeUYb_j


@Qe\_ U =QbYcQ ?\YfUYbQ BUWY^Q DQfQbUc 3bYcdYQ^_ 3Q^decY_ U CecUdU 7_]Uc <eYj 3Qb\_c U 6QdY]Q =_^dUYb_

BQVQU\Q 6QRYQ^Q U 8U\SQ BQ^WU\

@Qe\_ U B_RUbdQ FQaeUYb_ 1^TbUQ U 1\UZQ^Tb_ 3Qcc_^U 7eY\XUb]U U 4Q^YU\\U =UYbU\\Uc


VRFLDO

!##

@Qe\_ <Y]Q B_RUbd_ 7bUW_bY BYSXQbT ;Y^W U BQVQU\ 3_ed_

@Qe\Q 3\QeTYQ B_RUbd_ U >Y\jQ 2Q^TYUbQ

@Qe\_ BQ^WU\ U 1^YdQ ?\YfUYbQ

@UTb_ @Qe\_ U 1\Y^U =QY^YUbY B_TbYW_ ?b^U\\Qc C \fYQ 9ffQ^_f 6\QfYQ U 6QRY_ CU]U^cQd_


@Qe\_ U 2UdU CU^Qd_bU :_z_ C_ejQ U B_RUbdQ BeYj

@Y]`Q 1^TbQTU U 2Ud_ 3Q]QbW_

@\Y^Y_ U BU^QdQ 1\ReaeUbaeU FYfYQ^ U CQ^Tb_ 1\ReaeUbaeU

BQVQU\ 3Q`YS_d_ =QbY^X_ @UbUYbQ U 1^Tb} =_bUdU

@bYcSY\\Q U 1TbYQ^_ 1RbUe


VRFLDO

BQVQU\Q <Y]Q <QbYccQ FU^x^SY_ 3Qb_\Y^Q 3QbfQ\X_ U BQSXU\ C_bYQ^_

BQVQU\ 3_ed_ U 8U\U^Q @_]`U_ TU 3Q]QbW_ :Q^^ejjY

@UTb_ @YUdb_ U 3\QeTYQ CY\fQ U CY\fQ

@bYcSY\Q <YbQ U :_z_ 7eY\XUb]U 1WeYbbU

=vbY_ U BQaeU\ 7QbSYQ

!#%


BQaeU\ 6Q^U\\Y U 1^Q =QbYQ @Y]U^dU\

BUWY^Q U BQVQU\Q >_fQUc 5cdbQje\Qc U 3\_T_Q\T_ C_QfU

BU^QdQ <eYc 5TeQbT_ Ci\fYQ U <iSebW_ 3Qcdb_ CQ^d_c

BUWY^Q U =Qeb_ =_ddQ

BU^QdQ 1\RQ U =QebYSY_ 1WeYQb


VRFLDO

!#'

BU^QdQ 7bUW_bY 1TbYQ^U 1^d_Y^U 3\veTYQ <Y]Q U =QbSYQ 7Ub]Q^_ U 1^Q =QbYQ @_]`U_ TU 3Q]QbW_ :Q^^ejjY

BU^QdQ 7YbYR_^Y C_\Q^WU 2YW\YQ 3 ^dYQ 2bYWQWz_ U <eSi[U\\i BeUddU

BU^QdQ ?bcY 3Qb_\ 7Ub_^U\ U CQ^TbQ @bY^SY`Y

BU^QdQ U 3Qb\_ CSQb`Q U 9cYc 1\]UYTQ

BU^QdQ @_T_\c[Y


!#(

VRFLDO

BU^Qd_ U 1^Q CUWQ\\Y_ 6Ub^Q^T_ =QSXQT_ U =QbY\U^Q 6UbbUYbQ >U\c_^ U C_\Q^WU 6_^cUSQ CY\fQ^Q =Q\eV

BU^Qd_ U @QdbYSYQ FQ\U^dU 5\YQ^Q U :_^Qc 7eUbbQ

BU^Qd_ U :e\YQ^Q 2QTQb_

BU^Qd_ 1V_^c_ U <Y\YQ^U BYRUYb_

CY]_^U U <eYj 3bUTYTY_


VRFLDO

BU^Qd_ @vdU_ =QbYQ 4U\]Q^d_ =}bSYQ U >U\c_^ =Q\QfQjjY U 3\veTY_ ?b\Q^TY

3\QeTYQ <Y]Q 1TbYQ^Q 1^d_Y^U BU^QdQ 7bUW_bY U CdU\\Q BY``Ub

3_^ceU\Q U B_RUbd_ >_RbUWQ

@Qdb SYQ U DXYQW_ ?]QdY

@Qe\_ U CY\fYQ 8U^bYaeUc

!#)


!$

VRFLDO

1\VbUT_ <_`Uc =QbY^Q U 2be^_ >UbY

CdU\\Q D_j_ U CY\fYQ 3_U\X_

BYSQbT_ 1eWecd_ U 3bYcdY^Q @Y^d_ BYSQbT_ U 9cQRU\U =_ebdQTQ

BYSQbT_ U 6\vfYQ 7b_ccY 8U^bYaeU U 6Ub^Q^TQ 3_cdQ

2UQdbYj @YSS_\_dd_ U 1^TbUQ 8Ub]Q]


VRFLDO

!$!

BYSXQbT U >QTYQ CUbQ`XY] =QbYQ TU <_ebTUc 2_^TY] U <eYj 6Ub^Q^T_ FQWWY_bU

BYSQbT_ BUi^_\ U =QbSU\\Q 6_bde^Q 5\YQc

B^ V^bc^ R^\ e^R~ B^ UP{^ R^\ e^R~ B^ `dTa^ R^\ e^R~ 1TYfY^XQ _ aeU BYSXQbT ;Y^W =QbY\UecU TU 1fY\Q <_eb_ BU^QdQ @Q\QSY 5cdUVQ^Y JQ[YQ

BY^Q\T_ FQ^Y\jU @USSXY_ 3Qb\Q <QVQ^Y U =Y\d_^ TU ?\YfUYbQ


BYdQ 8_]U] TU =U\_ U BQVQU\ =Q^WQRUYbQ B_RUbdQ B_ccUddY U @Qe\_ >_RbUWQ

B_RUbd_ =QbYQ^W \Q U B_RUbd_ C_QbUc

B_RUbd_ U <YWYQ 1V_^c_ 6UbbUYbQ

B_RUbd_ U BU^QdQ 7bUW_bY

B_TbYW_ 3_ed_ U 2YQ^SQ @QW\YQbY^Y


VRFLDO

!$#

B_RUbd_ U =_^YSQ 6Q^U\\Y

B_RUbd_ U 7Ye\YQ^Q 2Q^TYUbQ 3bYcdY^Q U 6\vfY_ 2Q^TYUbQ

<Q c U 3\veTY_ ?b\Q^TY


B_RUbd_ ;QSXQ^ 6bUTUbYS_ 3_^dY U 7eY\XUb]U 1\QYdU

B_RUbd_ <e cQ U = ^YSQ 7_RR_

B_TbYW_ U <eSYQ^Q 2Qbb_c

B_TbYW_ 6Q\Sz_ <_`Uc 6Ub^Q^TQ 1\fQbU^WQ

DYQW_ @QYfQ U B_RUbdQ @bQdUc =_bUYbQ

B_TbYW_ 8QTQT U 6Ub^Q^T_ 7_^jQWQ


VRFLDO

B_WUbYQ U 4U^Yc @USSXY_ CY\fYQ U BU^Qd_ 4U 7U^^Qb_

B_TbYW_ CQ^deSSY U =QbYcQ @_dUbY_

B_W}bYQ U 1jQU\ <_R_

B_W}bY_ U 3bYcdY^Q FQ\TUZz_

B_cQ^Q 1jUfUT_

!$%


!$&

VRFLDO

B_^Q\T_ U <QebQ =YbQ^TQ B_TbYW_ U :e\YQ^Q BUjU^TU 4Q\d_^ U <eSYQ^Q 8UbY^WUb

B_cQ^WU\Q U :_c} 3Qb\_c 7YQSXY^Y

B_cQbY_ U 1b^Q\T_ 7_]Uc

B_cU U 4Q^YU\ 2Ub^QbTY


VRFLDO

!$'

B_cU 4Q^YU\Q =QbY\TQ U =QbYQ @Qe\Q 3Q^decY_

B_cU U :_c} 1^d_^Y_ 7bQ^TY^

CURQcdYQ^ 2edd_ BQaeU\ @YS_ccU 6Ub^Q^TQ U =QbSY_ 3UbfU\QdY

CQ^TbQ CUfv U 6bQ^SYcS_ >_WeUYbQ

CUbWY\QY^U =QbdY^c U 2UQdbYj FYTQ


!$(

VRFLDO

C}bWY_ U 1^Q 9cQRU\ =QSXQT_ 8U\_ cQ U <QbQ @YUbY

CY\fQ^Q U C}bWY_ B_]Q^_ CY\fYQ U CUbWY_ 2U\\eSSY

CY]_^U U <U_^QbT_ TU 1ccYc

CY\fY^XQ U 3Qb\_c =YcQ


VRFLDO

CY]_^U U 1^Tb} 3QbfQ\X_ 1\UhQ^TbU U B_RUbdQ 2U^d_ BQaeU\ U 6Ub^Q^T_ CY\fUYbQ CU\]Q U :_bWU =U\\Yc @Qe\Q 9W\UcYQc U 6bQ^SYcS_ 2QVUb_ 3\QbYccQ U =QbS_c =QbdY^c

CY]_^U U <eYj 3bUTYTY_

<eYcQ <eYj 8U^bYaeU U 1^Q <eSYQ AeUYb_j

CY]_^U U =QbS_ BejU^U = ^YSQ U FY^ SYec 7Qc`QbUdd_

!$)


!%

VRFLDO

CY]_^U U C}bWY_ =QbU^W_ =QbYQ^Q 3Q]`_c U 1\UhQ^TbU 3Q\Y\ 3Q]`_c

CY]_^U @bjUgQ\\Q 3\QeTYQ CY\fUYbQ =QbY_ 4Q^YU\Q U C_^YQ >_WeUYbQ TU 1\]UYTQ

C SbQdUc U 1^Q 3bYcdY^Q @U^dUQT_ TU 3Q]QbW_ BUY^Q\T_ U 3YRU\U FQ\RUbd @_diWeQbQ U @Qdb SYQ @U^dUQT_ 3Q]QbW_


VRFLDO

!%!

CdUVQ^i ;Y^W =QbYQ 1eWecdQ U =QbYQ 5TeQbTQ =_bUYbQ 6U\Y`U :_bWU U <eYjQ =_bU^_

C_^YQ U 1\T_ <U_^Y <YQ 6\vfYQ U :_bWU DbQRecY

Ci\fYQ TU 3Qcdb_ CQ^d_c 5^i BQ]_c 3XQYR 5^UYTQ >_WeUYbQ :_bWU

DQYc 3USSXY U :e\YQ^Q @U\eSY_


!%"

VRFLDO

CeU\Y ;Qe BUWY^Q 5\YQ^Q 8QiQcXY <Y^Q DQbdQW\YQ Dx^YQ 8QiQcXY U 1^Tb} FQcS_^SU\_c

DQccYQ^Q @UbdbY\\Y @bYcSY\Q C_QfU U <eSYQ^Q JeYQ^Y

DQdYQ^Q B_]Ub_ U 1\UhQ^TbU GY\T 4_bYQ^Q U :_c} 1\UhQ^TbU 2U^d_

DXQYc 2U\\eSSY U 1^Tb} =e\\Ub


VRFLDO

DXU_T_b_ 2US[UT_bVV >Ud_ 7U_bWYQ 1\ReaeUbaeU 2US[UT_bVV 1TbYQ^Q DQf_\Qb_ U =Qeb_ CQ\U[

!%#


!%$

VRFLDO

DXQ\YdQ FYdQSXY 1b]Q^T_ CQ\fQT_b U 5TeQbT_ CQ^SXUc

DX_]Qj U =QbYcdU\Q BY^S_

4Q^YU\U <Y]Q U D_]YbYc 2QbSU\_c DYQW_ U :e\YQ^Q =QSXQT_

DeSQ U FQ\dUb @UdYd_

E\YccUc CQbd_bY U 1^Q 3Qb_\Y^Q @U\UWbY^Y


VRFLDO

FUbQ U =Q^_U\ 1\U^SQb =QbSU\_ @Ub_^ U 3XbYcdYQ^U FYdQ\

FQ\}bYQ =U^UjUc U :_c} 1\UhQ^TbU 3_bdUc

=QbS_c U =QbY^Q 1jUfUT_

FUbQ 3bYcdY^Q TU C_ejQ 3Q]`_c U 1^ cY_ 6Ub^Q^TUc 1^Q 8U^bYaeUdQ TU C_ejQ 3Q]`_c U 1\QYb B_RUbd_ 7_T_i

!%%


!%&

VRFLDO

FUbYTYQ^Q ;vdYQ U 3Qb_\Y^Q FYUYbQ U 6QRYQ^_ 1cdQ

FYSd bY_ U <Y\YQ^ 3_``_ FUbQ BUWY^Q B_TbYWeUc 1\UhQ^TbU ?\YfUbQ U = ^YSQ 3QbfQ\XQYc

FYbWY^YQ U 5TeQbT_ 5cdU\Q

FYfYQ^ U @Qe\_ 4Ucdb_


VRFLDO

GQ\TUbUj U @Qe\_ :QS_ReSSY

GQ\TYb U FQ\}bYQ ?\YfUYbQ

=QbYQ 3Ubf_^U U BQVQU\ @YcSY_ddQ

FYfYQ^U U 7ecdQf_ 7Y_fQ^^UddY 7ecdQf_ U CY\fYQ @UbUc

!%'


!%(

VRFLDO

JU\YQ 2YddU^S_ed U 5TWQb CSXgU^S[ :_cU <eYj >QTQ\Y] 3Qb\_c U CeU\Y @Q^jQ^ 6bQ^SYcS_ =_bUYbQ U 3Qb\Q @Q^jQ^ =QdXUec FYUYbQ U ;QbY^ D_bdY]Q

J} 1\UhQ^TbU U 2UQdbYj 3QbfQ\X_

1^Tb} U 9cQRU\Q @UbUYbQ

GY\c_^ 9cQQS :_c} =QbYQ <eSYQ =U\Yc :_cU U CY\fYQ 6Q}

4U^YcU U 5TeQbT_ <Y^dj


VRFLDO

!%)

9cQRU\Q U 1^Tb} @UbUYbQ 6QRYQ^Q U <e j @YSS_\_d_

FUbQ =QbSU\Y^_ U 3\veTY_ =UcaeYdQ

6bQ^SYcS_ CQ^d_b_ U 7Y_fQ^Q 2Qbb_c_

9cQRU\ U 6vRY_ 3Q]QbW_ =QbSU\Q U @Qe\_ 1^Tb} @YddYW\YQ^Y


!&

VRFLDO

=Qeb_ TQ =_ddQ 1bY_ 5TeQbT_ 3Q]`_c 8U\TUb 2eVQbQX <e j 3Qb\_c B_SXQ :_c} 3Qb\_c 7YQSXY^Y 6\_bYQ^_ 2eU^_


VRFLDO

=QbSU\_ BQRU\\_ BU^Qd_ @vdU_ @Qe\_ 4Ucdb_ U =QbSU\_ 6Ub^Q^TUc

:_c} 6\vfY_ U @Qdb SYQ 6UbbUYbQ

7U_bWU U ;vdYQ 7Q]`Ub

B_RUbd_ U <e jQ =_bU\\Y

CY]_^U U JUSQ =U\\_ =Qdd_c

!&!


!&"

VRFLDO

Dx]Y\Q B_TbYWeUc 3\ fYc 2QbRQdY B_TbYWeUc 6vRY_ =ejUddY :Qj_]Qb U BUWY^Q >_WeUYbQ 1^d ^Y_ U <YjUdU 3QbfQ\X_ >Y\jU U 7Y\RUbd_ 3XQdY

BYdQ U 3Yb_ 7QbSYQ

DYQW_ U 6\QfYQ 1WeYbbU

3Qb]U^ U <e j =U\XQT_

B_^Q\T_ U ;vdYQ 5cdU\ 6Y\Y`U U ;QbY^Q 3Qcdb_


VRFLDO

:_z_ 1WeYbbU 3Qb\_c U 1^Q ;beWUb

:e^Y_b FYUYbQ U 6bQ^[ CQ]`QY_

B_cQ^U U 6Ub^Q^T_ 6UbbUYbQ

B_RUbd_ U =QbSYQ JeYQ^Y

C_\Q^WU 2YW\YQ U 3\veTYQ 4YQc

!&#


!&$

VRFLDO

>QdQ\YQ 5]RbYjY <e jQ 3_U\X_ @Qe\Q 4Q\]_\Y^ U DQdYQ^Q ?bcY

FQ^YQ 7_T_i U =QbS_c @_bd_

CQ^TbQ 7eYTUddY U CXYb\Ui 2_bWeY

BU^Qd_ 2QTQb 1^Q BQaeU\ U <eSYQ BY^Q\TY


VRFLDO

6\vfYQ @UbUYbQ :e\YQ^Q C_\TUbQ U 4Q^YU\Q 1\RQ^_

FYbWY^YU U :_c} <eYj 7eQjjU\\Y CY\fYQ =_\YdUb^_ U 5\SY_ 3bej

3Q]Y\Q U :e^Y_b FYUYbQ

:e\YQ^Q =QWQ\XzUc U 9cQRU\\U 6UbbUYbQ

!&%


´

8PD QRLWH HPRFLRQDQWH 8PD IHVWD LPSHFiYHO 8P SUHVHQWH GH 'HXV SDUD WRGRV QyV &KULVWLDQH .KDWWDU

µ








Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.