(+ '( ( " " % 'B "" )( & +3( +"%
*+.7)& !" ( ),".& ( +("!+
En colaboraciรณn con:
+/,&0 ( /, :+(
AQUI $' #$ $ ! ! ($ # # (% F$! *#+$"#',# $!#)*#+$"#',# $*#!,(* 0"$!( $*#!,(*
*,# / $+#1(
- %0*!$,( !$(' & ( 0.$!( #&+
/
#*# ) # ! ' + () ! $(% ) ! % + /",- , -( (, % .'" ( ( # -( ,(%" "- + .' '.' "( , (,- +% '( , )+ - ' ! .' (+ '( %. + -"/( ,"'( & '- ' + .' ). %" "(' *. '(, "' (+& 2 ). & #(+ +, ' ('- '" ( 2 )+ , '- "('
# $'" ( - $ # + ' )$ # $# ! #;
%$! ! # %! #) " , $ PA GIN A 2
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
.:628 /8;=A2.1; <;> 1;? 1.9.? D A:. 9;:7.
?4EB AB CB7Q4 94?G4E HA 5E<A7<F 5858FG<5?8 AB GBE8EB 6?4EB C4E4 68?85E4E ?4 '4I<747 8A HA 4@5<8AG8 6BE7<4? 6B@B G<8A8 DH8 F8E HA4 8K 68?8AG8 6B@<74 F 8?8:<E CH8F F8 GE4 G4 78 5H998G8 C4E4 8?8:<E ?4 I<4A74 CE898E<74 L GB7B 8A 64@4E478EQ4 F4A4 L GE4ADH<?4 G4@5<PA 6B@B G<8 A8 DH8 F8E F 8? @B@8AGB 8A DH8 ?4F 4HGBE<7478F 78 ?4 ,B6<8747 L =8 98F 78 78C4EG4@8AGBF 6BAI<I8A 6BA 8? C8EFBA4? ?45BE4AG8 78 ?4 8A89< 68A6<4 L FH !BFC<G4?
> (.9A28 2>:G:12E %2:. D ?A (>. 2?<;?.
A Q UI . . . S. B. E.
PA GIN A 3
(> ';1>64; ";>2:; ?A (>. 2?<;?. G@69. (AG>2E .:628 (AG>2E > D !60 H0@;> 8;>2? 2: 28 >6:16? 12 8. (
.:628 .>0I. (A/ 7232 12 6;9H160. 6.:. +2>4.>. :A@>6K8;4. '60.>1; ;:EG82E 232 12 6;9H160. "64A28 :428 .>0I. .>=A6@20@; O?0.> %H>2E 232 12 89.0H: 2:2>.8 D !A6? &A6>K? (A/ 7232 128 96?9;
)' ( + () ( ! "% ' ! )$! $ -B?87B ABF ;468 C8AF4E 8A 8EI4AG8F 8A ? E86B 8A 8? ?6OM4E 8? E8<AB 78 ?BF :B7BF ?BF OE458F ?BF =H7QBF L ?BF 6E<FG<4ABF 6BAI<I<8A7B 78 @4A8E4 6<I<?<M474 G4A 7<FG<AG4 4 ?4 DH8 ;BL ABF 8FGE8@868 78 @4A8E4 G4A 6EH8?
PA GIN A 4
A Q UI . . . S.B.E.
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
.:628 (AG>2E D . ?A 6E=A62>1. (>. ".>60>AE (G:052E %>2?612:@. 128 ;96@H 12 .9.?
@;1.? 8.? 0;:;029;? D @;1.? ?;:>I2: M%;> =AH
!; 96?9; 5.02: 2?@.? ;05; .?6?@2:@2? . 8. ;961. 12 #.B61.1
A Q UI . . . S. B. E.
PA GIN A 5
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
A Q UI . . . S.B.E.
/8/03-/8-3+ B =? 973>E /=/ +79< 8/-/=+<39 38=:3<+.9 /8 6+ 0/ 6+ /=:/<+8C+ B 6+ -+<3.+. 6+= @3<>?./= ;?/ -979 =3/7:</ 2+ =3.9 +?8;?/ /8-98><+8.9 /=-9 669= /8 /6 -+7389 66/@+8 /6 9 73>E + ,?/8 :?/<>9 +837+.+= :9< 69= :<9:H=3>9= ./ -+.+ +7+ :+<+ =/1?3< 8+@/1+8.9 @3/8>9 /8 :9:+ B /6/@+< 6+= @/8>+= ./ 6+ >3/8.+ ./ +>/<83.+. /8 6+ ;?/ 6+= 0+7363+= ./ 6+= 8?/@+= @3.+= ;?/ +66F 8+-/8 /8-98><+<D8 69 ;?/ ./=/+8 >+8>9 :+<+ 6+ 7+.</ -979 :+<+ /6 </-3E8 8+-3.9
A Q UI . . . S. B. E.
PA GIN A 7
FGO 6BAFG<GH<74 ?4 986;4 8A ?BF FG4GHGBF ? T?G<@B 7B@<A:B 78 8FG8 @4EMB DH8 6B@<8AM4 F8 ??8I4EO 4 645B 8A 8? H7<GBE<B 78? B@C?8=B &P7<6B AGBA<AB 8EAOA78M +B7EQ:H8M ?4 B5?<:4 74 F4@5?84 8A 8FG4 B64F<SA 8KGE4BE7<A4E<4 474 7<E86GBE 78 F86GBE 78 78C4EG4@8AGBF 78 6B@CE4F 8G6 8KCBA8 ?B E84?<M4 7B 8A 8? 8=8E6<6<B 4AG8E<BE DH<PA CE8F8AG4A7B 6B@CE4F DH<PA ?B 47@<A<FGE4G<IB ?B 946H?G4G<IB ?B =H EQ7<6B 8KCBA<8A7B 8A ?4 C4AG4??4 AT@8EBF L @OF AT@8EBF 9EQBF FQ 6B@B F8 7<68 DH8 FBA C8EB DH8 :E46<4F 4 ?4 9E<4?747 78 8??BF F8 64?<8AG4A @H6;4F 86BAB@Q4F DH8 C8E@<G8A F8E L 4?64AM4E ?B DH8 F8 DH<8E8 ?B DH8 F8 7858 G8 A8E L 8A 8F8 4FC86GB AH8FGEB !BFC<G4? FC4RB? G<8A8 CBE 78?4A G8 HA @4:AQ9<6B L ;4?4:U8RB 9HGH EB ? CE8FG<:<B 78? !BFC<G4? 8A ?BF T?G<@BF 4RBF ;4 6E86<7B 6BA 8ABE@8 I8?B6<747 CBEDH8 G8A8 @BF 64?<747 8A ?4 4G8A6<SA L 8A ?4 64C46<747 %4 @4E6;4 78 ?4 ,B6<8747 AB CH878 F8E @OF CB F<G<I4 ? 64@5<B DH8 8KC8E<@8A G4 8F G4A CBF<G<IB 8986G<IB L E84? DH8 DH<8A ?B 47I<8EG4 AB CB7EO @8ABF DH8 8?B:<4E ?4 8KGE4BE7<A4 E<4 ?45BE 78 ?4 <E86G<I4 DH8 ?4 E84 ?<M4 G8A<8A7B 6B@B I4?87BE 78 FHF 4I4A68F 8A GB7BF ?BF 4FC86 GBF 4? )E8F<78AG8 4A<8? ,HOE8M +B7EQ:H8M ?B DH8 ;4 78 @BFGE47B 8A 8FG4F 7BF T?G<@4F 7P6474F 4? 9E8AG8 78 ?4 "AFG<GH6<SA )BE G4AGB GB74 ?4 <E86G<I4 8F 7<: A4 L @8E8687BE4 78? @OF F<A68 EB 4C?4HFB PA GIN A 8
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
G96 :/<9 </=?6>H ;?/ /6 7+<3.9 ./= :?E= ./ =/< 0?8-398+<39 /8 /6 19,3/< 89 ./6 @3<</B +:+</-3H =3<@3/8.9 +6 9,3/<89 7/A3-+89 =/1I8 69= .9 -?7/8>9= :</=/8>+.9= :9< .9G+ < -+.3+ B -979 89 -98=>+,+ ;?/ /<+ 9 2+B+ =3.9 =9-39 =/ +-9<.H 7?B +-/<>+.+7/8>/ /6 89 2+ 6?1+< +,F+8 -9<<3.9 -38-?/8>+ +G9= ./=./ +;?/6 ./ 9->?,</ ./ B 6+ /8/03-/8-3+ =/1?F+ =3/8.9 6+ 3./+6 :+<+ ;?3/8/= 6+ >37+,+8 ./ -?+6;?3/< 7+8/<+ %9-39= B 89 =9 -39= ><+,+4+.9</= ./ -9803+8C+ 7D= 69= ./ ./=-9803+8C+ B 9><+= 6+-<+= +.B+-/8>/= >/8F+8 :?/=>9 /6 949 /8 6+ +4+ ./ 6+ %9-3/.+. B ./= ./ 6?/19 >9.9 -98 73<+= + =+-+< @/8>+4+ ./ >9.9 69 ;?/ 6+ /8/03-/8 -3+ </:</=/8>+,+ (/+ ?=>/. /6 -9 ,<+.9< ./ </-3,9= + .973-3639 ;?/ +=F 0?8-398+,+ 6+ /8/03-/8-3+ /8 /6 =3 169 ) ) B ,?/8+ :+<>/ ./6 )) .3=:? =9 :9< =? -?/8>+ B :/8=+8.9 >+6 @/C /8 ;?/ 89 -9<<F+ 8381I8 <3/=19 2+ -/<
</-3,9= -?B+ 0+->?<+ :</ =/8>H /8 ?8>+ :+<+ ;?/ /6 &/=9</<9 =/ 69= :+1+<+ :/<9 -979 8+.3/ 6/ 2+,F+ .+.9 9<./8 ./ ;?/ 37:<373/<+ >+8 /A+1/<+.+ -+8>3.+. ./ </-3,9= 6+ ?8>+ 6/ 9,631H + :+1+< 6+ 0+->?<+ ;?/ :</=/8>H :?/= -98=3./<+<98 ?8 +,?=9 ./ =? :+<>/ 6+ 63,/<>+. >97+ .+ A Q UI . . . S.B.E.
H8 HA 8FC4RB? 4AG8 GB7B L G4@ 5<PA 4AG8 GB7B 4FGHE<4AB C4E4 G8E @<A4E F<8A7B HA @8K<64AB 78 I8E 747 'B I4@BF 4 6BAG4E FH ;<FGBE<4 CBEDH8 6H4AGB 78 P? F8 7<:4 F8EO CB6B FH @H8EG8 AB ;H5B C8E<B7<F G4 <A7HFGE<4? CB?QG<6B 4EG<FG4 L :8AG8 78? CH85?B CE<A6<C4?@8AG8 8? 78 &BAG8EE8L DH8 AB 7<=8E4 ?B DH8 8FG8 47@<E45?8 C8EFBA4=8 78 8DH<?<5E<B G4?8AGB L 5BA747 A ?4 E8I<FG4 &4 R4A4 DH8 9BE@454 ?4 GE<?B:Q4 78 ?BF 7Q4F !BL &4R4A4 L ,<8@CE8 F8 CH5?<6S 8FG8 74GB DH8 6BA :HFGB GE4AF6E<5<@BF .A 4HGB@SI<? ?H=BFB 78GHIB FH @4E6;4 9E8AG8 4? M4:HOA 78 HA4 E<64 @4AF<SA 8A 8? )4F8B 78 ?4 +89BE @4 E4 HA4 AB6;8 78 <AI<8EAB .A4 @H=8E 4CE<F<BA454 6BAGE4 FH C86;B C4E4 74E?8 64?BE 4 HA4 C8DH8R4 DH8 G<E<G454 78 9EQB 8? I8;Q6H?B 78F68A7<S HA ;B@ 5E8 L4 8AGE47B 8A 4RBF ??4@S 4 ?4 CB5E8 @H=8E 4@BE4G474 54=B ?4 9HE<4 78? 6<8EMB .A4 ?<@BFA4 F8RBE[ 4?64AMS 4 786<E?8 ?4 4A6<4A4 ? 6454??8EB 8K GE4=B FH 64EG8E4 L F8 ?4 8AGE8:S QAG8 :E4 ,8 78FCB=S 78 FH I4?<BFB 45E<S L ?B G8A7<S FB5E8 8??4 DH8??4 AB6;8 7B?9B )E<8GB CH7B ;458E E8C8G<7B ?4 9E4F8 78 4DH8? ;<74?:B 78 &4EDH<A4 FC4R4 L LB FB@BF 4FQ F8RBE4[
,8 C4E868A C8EB AB FBA <:H4 ?8F %4 :H8EE<??4 8F HA4 4:EHC4 6<SA 78 C4GE<BG4F DH8 F8 HA8A 8A C4QF8F DH8 FBA <AI47<7BF CBE 8=PE 6<GBF 8KGE4A=8EBF L4 F84 6BA HA =898 4? 9E8AG8 B 7<I<7<7BF 8A :EHCBF F<A BE78A A< 6BA6<8EGB C8EB 6BA HA4 FB?4 <784 8KCH?F4E 4? <AI4FBE FB 9H8 ?B DH8 ;<MB /<E<4GB 6H4A7B +B@4 <AI47<S FC4R4 L F<:?BF @OF G4E 78 ?B ;<6<8EBA BGEBF 8FC4RB?8F 6BA GE4 ?4 <AI4F<SA A4CB?8SA<64 :HF G<A4 78 E4:SA 9H8 HA4 :H8EE<??8E4 DH8 4?64AMS ;BABE8F L :?BE<4 &PK<6B FS?B G<8A8 HA 8=PE6<GB L 8F 8? '46<BA4? %BF 78@OF DH8 4FQ F8 789<A8A AB FBA @OF DH8 G8EEB E<FG4F DH8 ?H6;4A 6BA 8? 8=PE6<GB 78 FH CEBC<4 C4GE<4 ? G8EEBE<F@B 8F HA EP:<@8A 78 I<B?8A6<4 6B@CH8F GB CBE 4A4EDH<FG4F 6BA 64@<F4 78 E8IB?H6<BA4E<B DH8 F<:H8A HA F<F G8@4 78 4G8AG47BF C8EFBA4?8F ABE@4?@8AG8 9HA6<BA4E<BF :H58E A4@8AG4?8F L 5<8A ?B F458 FC4 R4 ,HF 46GBF AB G<8A8A BGEB 9<A DH8 F8@5E4E 8? G8EEBE @87<4AG8 8? 4F8 F<A4GB 8? ;B@<6<7<B ?4 8KGBEF<SA L BGEBF 46GBF DH8 ;BL F8 6?4F<9<64 @BF 78 I4A74?<F@B
&HL 6BAB6<7B 8A &47E<7 AB FS?B CBE ?BF 8FC4RB?8F F<AB G4@5<PA CBE @H6;BF 78 ?BF 9H8E8RBF DH8 GHE<FG84A CBE 8? I<8=B &47E<7 #84A BGQA @HL 9E4A6PF P? L FH 8FCBF4 9HA74EBA 8A L 8F4 986;4 8FGO :E45474 8A C<87E4 4 ?4 8AGE474 6B@B CBF474 6BA HA ;BEAB 78 ?8R4 ? @BE<E #84A BGQA F8 DH87S 6BA 8? ?B64? HA FB5E<AB FHLB DH8 9H8 8? DH8 ?8 7<B 8A AB@5E8 78 ,B5E<AB 78 B GQA 'B ;4L 8FC4RB? DH8 I<4=8 4 &4 7E<7 L AB 6B@4 B 68A8 4HADH8 F84 HA4 I8M 8A ?4 64F4 78? ,B5E<AB 78 BGQA L FH PK<GB F8 ?B 7858 4? I<8=B ;BEAB 78 ?8R4 DH8 ?8 7<B 94@4 4? GQB A Q UI . . . S. B. E.
PA GIN A 9
474 DH<PA 8AGE4 8A HA ?H:4E 6B@B ?8 74 ?4 :4A4 %H8:B 78? E86B5EB 78 4 E464F CBE ?BF 8FC4RB?8F ,<@SA B?QI4E F8 7<E<:<S 4 'H8I4 E4A474 DH8 L4 F8 ;45Q4 8@4A6<C47B 7BA78 F8 CHF<8EBA 4 FH 7<FCBF< 6<SA @87<BF C4E4 DH8 CEB F<:H<8E4 ?4 ?H6;4 8A /8A8 MH8?4 6B@B ?B ;<MB 6BA F<:H<8A7B HA 789<A<G<IB PK< GB 8A -4:H4A8F ?B DH8 ?8 946<?<GS 4CB78E4EF8 78 4 E464F 7BA78 8AGES CE868 7<7B 78 F8RBE<G4F 4G4I<4 74F 78 5?4A6B DH8 G<E454A 78 ?4 64EEBM4 8A ?4 DH8 <54 8? ?<58EG47BE 4? C4FB 78 HA4 ??HI<4 78 9?BE8F
:@>.1. 12 ;8IB.> 2: .>.0.?
? 78 45E<? 78 F8 6H@ C?<EOA 4RBF 8A 8FG8 45E<? F8 CHFB ?4 CE<@8E4 C<87E4 78 :E4A<GB 6B?B6474 4 HABF @8GEBF 78 CEB 9HA7<747 8A 8? 68AGEB 78 ?4 946;474
FHE ? @4EDHPF 78 /<??8A4 7HDH8 78 F64?BA4 46GH4A7B 8A AB@5E8 78? E8L <AGEB7H=B 6BA ?4 C<87E4 HA 6B9E8 78 C?B@B 6BAG8A<8A7B @BA874F 78 BEB C?4G4 L 6B5E8 46HR474F 8A ?4F
8 ?;/2>/6; %.8.06; '2.8 12 ".1>61
PA GIN A 10
9O5E<64F 78 &47E<7 ,8:BI<4 &PK< 6B L )8ET %B @<F@B F8 ;<MB 6H4A7B F8 CHFB ?4 CE<@8E4 C<87E4 78 AH8FGEB ,4A4GBE<B FC4RB? 8? 78 B6GH5E8 78 %4 C<87E4 6BA G8AQ4 7B6H@8AGBF E8 I<FG4F C8E<S7<6BF 78? 7Q4 @BA874F 78 HFB 6BEE<8AG8[ L ?B 6BEE<8A G8 9H8 DH8 HA CQ64EB I<I4?8F 4 ?B @8=BE HAB 78 ?BF 4F<FG8AG8F 4? 46GB 4RBF 78FCHPF ?8 ;<MB HA 4:H=8EB 4 ?4 C<8 7E4 L FHFGE4=B FH 6BAG8 A<7B Z ; ?4 C<64E8F64 /4?8 ?4 C8A4 E86BEE8E 8FG8 C4?46<B ,HF 7<I8E F4F 8FG4A6<4F FBA I8E 7478EB @HF8BF 78 4EG8 L 8A 8? 6B@87BE DH<FB ? 9BAFB 1"" I8?4E 8? 647O I8E 78 FH 8FCBF4 &8E68 78F CBE ?B DH8 AHA64 @OF 6B@<S 8A 8F8 6B @87BE A Q UI . . . S.B.E.
? %<6 4E?BF )E<8GB 8A HA BCTF6H?B DH8 G<GH?S ? FH8RB 78 Q5B?4 6H8AG4 DHP 8E4 8F8 FH8 RB L 6<G4 4 HA 4FGHE<4AB A4GHE4? 78 I4??8 78 8?BE<B 8A ?4 DH8 #B4A !8EAOA78M 7<68 8A FH <A9BE@46<SA 78 @PE<GBF L F8EI<6<BF DH8 8F ;<=B
?8:QG<@B 78 !8EA4A7B 78 ,8?BE<B L 78 &4EQ4 78 /<??4E 8 DH8 4 7<8M L F<8G8 4RBF DH8 C4FS 4 8FG4 'H8 I4 FC4R4 8 DH8 4 F8EI<6<B 4 ,H @4:8FG47 8A ?4F )EBI<A6<4F 78 &86;B46OA E8F<7<8A7B 8A 8? @B ?<AB 78 #B4A 78 /<??4F8RBE
4I<8A7B ?4 :8AG8 DH8 CBE 4??Q 4 C4 F47B 4 Q5B?4 8 4 ?4F <F?4F 8 4 ?4 H8EE4 78 #4?<F6B Q5B?4 HA4 C4?45E4 @O:<64 DH8 @H8I8 ?4 6HE<BF<747 78 ?BF ;<F GBE<47BE8F A 8? 4RB F8 BE :4A<MS 8A FC4R4 HA4 8KC87<6<SA 6HLB 9<A4? 9H8 HA 78F4FGE8 ?4 78 <8:B 78 '4EIO8M C4E4 F8:H<E ?4 @<F@4 EHG4 DH8 ;<6<8E4 )BA68 78 %8SA CBE ?4 ?BE<74 5HF64A7B ?4 ?8:8A74E<4 9H8AG8 78 ?4 =HI8AGH7 A B6;B 4RBF L 8AGE8 @<? C8E<C8 6<4F ??8:4EBA 4 64@<A4E 78FAH7BF L ;4@5E<8AGBF @<??4F CH8FGB DH8 78F78 ?4 ?BE<74 L 4GE4 I8F4A7B CE<@8EB DH8 A47<8 8? &<F<F<C< L 78FCHPF ?4F 8ABE@8F F454A4F 78 -8=4F L 78 'H8IB &PK<6B 8AGE4EBA 4 ?4 'H8I4 F C4R4 CBE ?B DH8 ;BL 8F 8? FG47B 78 ;<;H4;H4 ??8:4A7B ;4FG4 H?<46OA 8A 8? B?9B 78 4?<9BEA<4 H8EBA 5<8A E86<5<7BF CBE BGEBF 8FC4RB?8F 8A #4?<F6B L ?8F 6BAG4 54A @H6;BF 6BF4F DH8 ;45Q4 BQ7B 786<E 4 ?BF <A7<BF 8A 6HL4F GE<5HF I<I<8EBA DH8 @OF 4? 'BEG8 8K<FGQ4 8? @4E4I<??BFB E8<AB 78 ?4F ,<8G8 <H7478F 78 Q5B?4 DH8 9<A4? @8AG8 AHA64 8K<FG<8EBA C8EB AHA 64 94?GS DH<8A ?4F <@4:<AS L ;4FG4 ?4F 9BGB:E49<S
!?8-+ =/ =?:9 ./ ;?/ <+C+ /=>/ 0+79=9 -+,+669 :/<9 69 ;?/ =F =/ -989-/ /= ;?/ /<+ 38.97+,6/ !?8 -+ 8+.3/ :?.9 798>+<69 2+=>+ ;?/ 6/4+8.<9 + =?= +G9= 69 798>H 69 .97H :/6/H /8 7/.39 7?8.9 -98 =? ?-E0+69 B +7,9= :+=+<98 + 6+ 23=>9<3+ -979 :+=+<98 (3<?>+ B + :?638+ +896F8 B %23638=5B B >+8 >9 9><9= ./ 8?/=><9 .?/>9= 0+79=9= #/<9 ?-E0+69 =/ /=:+8>+,+ ./ =? :<9:3+ =97,<+ :9< 69 ;?/ 6/4+8 .<9 =3/7:</ /8 69= -97,+>/= 69 :98F+ ./ -+<+ +6 =96 B 89 :+<+ -+8 >+< /6 @3/49 23789 ./ 6+ +6+81/ = :+G96+ =389 :+<+ ;?/ 89 =/ 23-3/<+ A Q UI . . . S. B. E.
827.:1>; D A0H3.8;
P A G I N A 11
A 8FG4 C4EG8 78? @HE4? DH8 I8 A<@BF CE8F8AG4A7B 4 AH8FGEBF ?86 GBE8F I8@BF ?4F 9<:HE4F @OF
CE86?4E4F 78 ?4 ;<FGBE<4 78 FC4R4 ? 4EG<FG4 6BAIB6S 8A 8FG4 C4EG8 78 FH B5E4 4 ?BF @OF :E4A78F :8A<BF
8 (648; 12 $>; D .84A:;? 9G?
H8 4E?BF / DH<8A 6BA687<S 8? GQGH?B 78 CEQA6<C8F 78 &SA46B 4 ?BF DH8 ;45Q4A F<7B ;4FG4 8AGBA68F @4E DH8F8F 78 E<@4?7< 8?8I47BF 4 ?4 64G8:BEQ4 78 4?<47BF FHLBF F<A @OF B5?<:46<SA DH8 4E@4E 7BF :4?8E4F C4E4 DH8 9<:HE4E4A 8A FH 9?BG4 64F< F<8@CE8 8A :H8EE4 6BA ?BF GHE6BF 'B ;468 94?G4 786<E DHP 8F 8? 64BF FB5E8 GB7B F< HFG87 I<I8 8A 8? GHE5H?8AGB L 8FG4 C4?45E4 DH8 GB 7BF ?BF 7Q4F 4 @4R4A4 G4E78 L AB6;8 ABF 4@8A<M4 L 4@8A4M4 :E46<4F 4 8FGH7<4AG8F DH8 AB DH<8E8A 8FGH 7<4E GE454=47BE8F DH8 AB DH<8E8A GE454=4E 64@C8F<ABF DH8 AB ?8F <@CBEG4 8? 64@CB 4@5H?4AG8F DH8 F8 4CEB I86;4A 78 GB7BF[ C8EB 6?4EB 8? 64BF G<8A8 HA C47E8 @<GB?S:<6B 4BF DH8 F8 ?8 G<8A8 6B@B 8? @OF 4AG<:HB 78 ?BF 7<BF8F @<GB?S:<6BF L F8 7<68 DH8 9H8 8? CE<@8EB 4FQ DH8 ;45EO DH8 6E88E 4 ?BF :E<8:BF 4BF 9H8 8? 8FG47B CE<@<G<IB 78? HA<I8EFB B F84 DH8 F8 8A6BAGE4 54A 4@4?:4@47BF L 6BA9HA7<7BF GB7BF ?BF 8?8@8AGBF 8A HA4 @<F@4 @4F4 <A9BE@8 8? 4:H4 8? I<8AGB 8? 9H8:B L ?4 G<8EE4 FQ 6B@B I<I<@BF 8A 8FG8 @B78EAQF<@B 2 ;45?4A7B 78 8FG4F 6BF4F 8? !BABE GHIB 8A +B@4 HA G8@C?B ?B DH8 AB 7858 8KGE4R4E 4 A47<8 CH8F ?BF PA GIN A 12
78 ?BF :E4A78F F<:?BF 8FC4RB?8F 6H7<8EBA 4 ?4 6<G4 ?9BAFB 1 8? ,4 5<B ?4 9<:HE4 64C<G4? 78 ?4 6H?GHE4 8F C4RB?4 78? F<:?B 1""" <FA8EBF DH8 8A HA @B@8AGB 6EH6<4? 78 "F458? L 8EA4A7B 9H8 8=8 68AGE4? L 786<F<IB 78 FH :B5<8EAB FBF FBA @<F CB 78E8F 578EE4@OA """ DH8 ??8IS 4? @OK<@B 8FC?8A7BE ?4 @BA4EDHQ4 ;<F C4AB OE458 #H4A %H<F /<I8F <@4:8A 78? ;H@4A<F@B 8FC4RB? -<EFB 78 &B?<A4 B 9E4L 45E<8? -P??8M CB8G4 L 7E4@4GHE:B 4HGBE 78 ? HE?47BE 78 ,8I<??4 ,4A #H4A 78 ?4 EHM B ?4 CB8FQ4 @QFG<64 %BC8 78 /8:4 8KCB A8AG8 :8A<4? 78? G84GEB 8A I8EFB /8?OMDH8M L ? E86B 7BF :<:4AG8F 78 ?4 C<AGHE4 7BF PCB64F <A6BA9HA 7<5?8F 78 FC4R4 ,PA864 CE<@8E4 9<:HE4 78 ?4 ?<G8E4GHE4 ;<FC4AB ?4G<A4 -8E8F4 78 ^I<?4 E86<87H@5E8 64FG8 ??4A4 L 4 HA G<8@CB 8A64EA46<SA 78 ?4 G8EAHE4 8EI4AG8F 6B?BFB 78 ?4F ?8GE4F 64FG8??4A4F L #H4A ;8EE8E4 ?4 4EDH<G86GHE4 @BAH@8AG4? Z)B64F 4F4@5?84F 6BA G4AGB G4?8AGB E8HA< 7B
EB@4ABF G8AQ4A 7<BF8F C4E4 GB7B L GB7BF G8AQ4A FH G8@ C?B ;4FG4 C4E4 ?4F E4A4F ? CE<A6<C<B F8 C8AFS DH8 8? !BABE L ?4 /<EGH7 CBE G8A8E E8?46<SA 8? HAB 6BA ?4 BGE4 9H8EBA ;BAE47BF 8A 8? @<F@B G8@C?B C8EB AB CBEDH8 HA 4:BE8EB @HL F45<4@8AG8 7<=B DH8 6474 HAB 7858EQ4 G8A8E FH CEBC<B G8@C?B C8EB C4E4 C4F4E 8? G8@C?B 78? ;BABE ;45Q4 DH8 C4F4E CBE 9H8EM4 CBE 8? 78 ?4 /<EGH7 Z/4L4 @<:4 DH8 G8AQ4 8? C8AF4@<8AGB 78? 4:BE8EB CE<A6<C<BF 78? F<:?B 1/""" 8A 8? GE4AFCBEG8 78 @8E 64A6Q4 8AGE8 /8E46EHM &PK<6B L 64CH?6B F8 8@C?84 54A 68E64 78 6<A6H8AG4 @<? @H?4F Z/8E7478E4@8AG8 8E4 HA4 @H?474 L 8E4A 6BA7H6<74F CBE F<8G8 @<? DH<A<8A GBF 4EE<8EBF ;BL G8A8@BF ?B @<F@B B @OF C8EB 6BA 7H6<7BF CBE BGEBF G4AGBF ? I<4=8EB 4?8@OA -8@CF>L 8A6BAGES 8A HA 64@C4@8AGB 78 4EE<8EBF 8A #4?4C4 ? 4@4A868E 68E64A 78 HA 68AG8A4E 78 @H ?4F 4G8A7<74F CBE 7BF B GE8F 4EE<8EBF F8 4?<A8454A FB ?4F HA4 78GEOF 78 BGE4 6B@B FB?747BF 8A HA4 E8I<FG4 -4A CEBAGB 6B@B ?4 58FG<4 8E4 64E:474 F8 8A64@<A454 CBE CEBC<4 <A<6<4G<I4 4? 64@<AB DH8 ;45Q4 78 F8:H<E ,8 EQ4A @H?4F C8EB BE78A474F AB 6B@B @H6;4F 78 ?4F DH8 C47868@BF 4;BE4 F45<8A7B 6474 HA4 FH B5?<:4 6<SA F<A CEBG8FG4E A< ;468E 6BE4=8F A Q UI . . . S.B.E.
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
<8:B 78 H8I4E4 78FCHPF 78 C4EG<6<C4E 8A ?4 8KC87<6<SA 78 E4A6<F6B /OMDH8M 78 BEBA47B 4 Q5B?4 L4 AB@5E474 8A 8FG8 AT@8EB 6BA 8? E4A:B 78 64C<GOA 9H8 4?64?78 @4LBE 78 'H8I4 4?<6<4 8A A ?4 6<H747 78 &PK<6B 9H8 4?64?78 BE7<A4E<B L ?H8 :B 4?64?78 78 @8FG4 8E4 HA4 4FB 6<46<SA 78 :4A478EBF DH8 L4 F8 G8AQ4 8A FC4R4 8A G<8@CBF 78 ?4F @BA4EDHQ4F I<F<:SG<64F 8A
L B6HCS HA4 C?4M4 78 E8:<7BE 4 C4EG<E 78 4 6H4A7B @HE<S ,8 64FS 6BA "F4 58? 78 4EE<BF .A4 78 FHF ;<=4F "F458? 78 H8I4E4 9H8 ?4 9HA74 7BE4 78? BAI8AGB 78 ,4A #8ES A<@B 8A 8? DH8 CEB98F4EBA FHF ;8E@4A4F AGBA<4 #H4A4 L &4 EQ4 8FCHPF ??8:4EQ4 ,BE #H4A4 "APF 78 ?4 EHM A Q UI . . . S. B. E.
/6 /84+?6+.9 ;?/.+<+ +-23-2+<<+.9 -979 %+8 9</8C9 /8 6+ :+<<366+ * 89 .?.+79= ;?/ /8 >+8>9 6+= 66+7+= -98=?7F+8 +6 /8/7319 /669= 69= :3<H7+89= =/ ./=>/<8366+<F+8 + -+< -+4+.+ 637:3+ ?/89 /= ?8 ./-3< :9<;?/ 6+= ,/=>3+= 2?7+8+= 89 <F/8 83 669<+8 =H69 +->I+8 LB B+ * -?+8.9 -97/8CD,+79= + .3 1/<3< 6+= ,/=>3+63.+. -97/8>+.+ LC+= 9><+ 7?B 19<.+ 8+-3.+ /8 -+:?6-9 :?/= /8 E=>+ 2+B -+ .D@/</= ./ :9< 7/.39 >+7,3E8 /= ?8 ./-3< :9<;?/ 89 /=>+,+8 ./ :9< 7/.39 =389 +61?89= /8@?/6>9= /8 =?.+<39= +:36+.9= -979 -9=>+6/= ./
7+FC /8 ?8 6?1+< 66+7+.9 -</7+>9 <39 9 =/+ ;?/ 69= -+.D@/</= 89 2+ ,F+8 =3.9 -</7+.9= +?8;?/ =? ./? .9= =F </-3,3/<98 6+ -98=31?3/8>/ ?<8+ -98 6+= =?:?/=>+= -/83C+= ./6 7?/< >9 ;?/ =/<F+8 -6+<9 ./ +=/<<F8 9 ./ 294+= =/-+= 8 6+= :</@3+= +@/<31?+-398/= </=+6>+,+ 6+ :+6+,<+ 0<+?./ B /=9 B+ =+,/ ?=>/. 69 ;?/ =318303-+ /=/ @9-+,69 :?/= 7D= ./ ?8+ @/C =/ 69 2+8 -97/>3.9 + ?=>/. +6 .+<6/ 5369= ./ 89@/-3/8>9= 1<+79= L 29<+ .31+ ?=>/. =3 /=>+ 2?7+83.+. 89 /=>D 7D= ./-+./8>/ ;?/ ?8 CH-+69 7+6 -?3.+ .9
%B FH9E8 8A 4E68?BA4 8? :8A8E4? &4EGQA8M 4@CBF 8A )4E4 98FG8=4E 8? BAB@OFG<6B 78 ?4 CE<A68F4 78 FGHE<4F 8? 64C<GOA :8A8E4? 78 4G4?HR4 &4EGQA8M 4@CBF 7<FCHFB ?4 68?85E46<SA 78 HA4 C4E474 8A ?4 E4AIQ4 78 4E68?BA4 L 8FG4A7B CE8F8A6<4A7B 8? 78F9<?8 HA 4A4E DH<FG4 ZAHA64 94?G4 HAB 478?4AGOA7BF8 ;4FG4 8? :8A8E4? ?8 4EEB=S 7BF 5B@54F 4 ?4F C4G4F 78 ?BF 6454??BF ZDHP 6H?C4 G8AQ4A ?BF CB5E8F 4A< @4?8F E8FH?G47B ;8E<7BF 8? @<F@B :8A8E4? &4EGQA8M 4@CBF ?BF :8 A8E4?8F 4FG8?I< L ?8@8AG8 ?BF 6454??BF I4E<BF 8FC86G47BE8F L @H8E8 8? :H4E7<4 6<I<? #4<@8 -BHF ,8 7<=B DH8 8? FH68FB 64HFS :E4A <A7<:A46<SA 8A 8? C4QF )8EB ?BF 4A4EDH<FG4F F<:H<8EBA G<E4A7B G<EBF 5B@54F[ L ?B DH8 F458A ;468E G8EEBE<F@B
@2:@.1; . ".>@I:2E .9<;?
P A G I N A 13
8A PCB64F @87<8I4?8F F8EIQ4 C4E4 7<FG<A:H<E 4 ?4F C8EFBA4F 78 4?GB E4A :B FB6<4? @4F 6BA 8? 78I8A<E 78? G<8@CB F8 I<B E87H6<74 8A G4@4RB L 9BE@4 C8EB ;4 6E86<7B 8A F<:A<9<64 7B 6GH4?@8AG8 E8CE8F8AG4 ?4 E86 G<GH7 78 <AG8A6<SA ?4 CHE8M4 78 C8A F4@<8AGBF ?4 AB5?8M4 78 F8AG<@<8A GBF ?4 9BEG4?8M4 8A 8? GE454=B ?4 78 6<F<SA 78 E84?<M4E?B F<8@CE8 5<8A L 8F 478@OF HA4 6BA786BE46<SA 4 ?4 8A98E@8E4 DH8 ;4 F45<7B @8E868E ?4 %?8IP@BF?4 6BA BE:H??B L 7<:A< 747 C4E4 DH8 6474 C46<8AG8 <78AG<9< DH8 8A 8??4 4 ?4 C8EFBA4 DH8 ?8 5E<A 74 FH 4LH74 6B@CE8AF<SA L 64E<RB L 6474 @P7<6B 4 ?4 CEB98F<BA<FG4 8A DH<8A CH878 6BA9<4E
!468 4RBF 8A ?4 64C<??4 78 AH8FGEB !BFC<G4? F8 68?85ES HA4 @<F4 CBE ?4 <@CBF<6<SA 78 6B9<4F 4 ?4F 4?H@A4F 78 X 4RB 78 A98E@8 EQ4 CBE ?4 A9 * &4 H474?HC8 ,4A &4EGQA +85B??B DH<8A 8A FH 7<F6HE FB 4 ?4F :E47H474F 7<=B *H8E<74F 4?H@A4F 'BF 8F FH @4@8AG8 F4G<F946GBE<B 4F<FG<E 8A 8FG8 7Q4 4 ?4 <@CBF<6<SA 78 B9<4F 4 ?4F 4?H@A4F 78 68E ,8@8FGE8 78 ?4 4EE8E4 78 A98E@8EQ4 2 8? C?4 68E 8F @4LBE CBEDH8 8FG4@BF CE8 F8A6<4A7B 8? ?B:EB 78 HA FH8RB DH8
6474 HA4 78 HFG878F 464E<6<S 8? 7Q4 8A DH8 F8 <@4:<AS 4 FQ @<F@4 6B@B 8A98E@8E4 %4F 6BF4F <AG4A:<5?8F 6B@B 8F ?4 CEB98F<SA 78 8A98E@8E4 4AG8 ?4 FB6<8747 L CBE 8A78 4AG8 ?BF C46<8A G8F 4 DH<8A8F 4G8A78@BF F8 E8CE8 F8AG4 CBE @87<B 78 FQ@5B?BF 64E:4 7BF 78 F<:A<9<647B L ?4 6B9<4 8F HAB 78 8??BF -B7BF F458@BF DH8 HA FQ@5B?B I4?8 ?B DH8 E8CE8F8AG4 L 8A 8FG8 64FB ?4 6B9<4 DH8 8A G<8@CBF 4AG8F 6H@C?Q4 ?4 9HA6<SA 78 6H5E<E 8? 6458??B 6B@B @87<B 78 4F8CF<4 L
?H@A4F 78 G8E68E 4RB ?4F 98?< 6<GB CBE ;458E ??8:47B ;4FG4 4DHQ L C<7B 4? ,8RBE DH8 8FG8 :4?4E7SA DH8 CBEG4EOA 4DHQ 8A ?4 G<8EE4 F84 HA4 4HE8B?4 78 :?BE<4 8A ?4 8G8EA<747 &H6;4F :E46<4F 4 GB7BF ?BF DH8 ;4A C4EG<6<C47B 8A FH 9BE@46<SA 4 FHF C47E8F L 94@<?<4E8F L C4E4 HF G878F @< 64E<RB L @<F 98?<6<G46<BA8F A ?4 68E8@BA<4 78 <@CBF<6<SA 78 B9<4F E86<5<8EBA 8FG4 CE8F84 6B@B CE8@<B 4 FHF 8FGH7<BF C8EB F<@5B?<M474 CBE HA ;8E@BFB CE8A 787BE 8A 9BE@4 78 8FG8GBF6BC<B GE8F =SI8A8F !A4F ,<8EI4F 78 #8FTF 78 ?4 4E<747 DH8 L4 ??8I4A 4RBF 6BA ABFBGEBF 8A ?4 8A89<68A6<4
+ -98=><?--3H8 ./6 0?/<>/ ./ %3.3 ?+<3+-2 38.318H + 69= <30/G9= 2+ ,6+79= ./ 6+= :9=/=398/= ./ =:+ G+ /8 /6 89<>/ +0<3-+89 -98-</>+ 7/8>/ /8 /6366+ :9< >/8/< ?8 -/ 7/8>/<39 /8 /=/ :+<+4/ B ./ +2F ;?/ ./=><?B/<+8 6+= 9,<+= ;?/ +6 =/< </+8?.+.+= 6/= -981</1H .9= 736 <30/G9= 89 691<+8.9 .3=:/<=+<69= /6 1/8/<+6 +<1+669 ;?3/8 +6 66/1+< </ 0?/<C9= + /6366+ >?@9 + /7:/G9 -98 >38?+< /6 0?/<>/ :</=/8>D8.9=/ /8 >98-/= 69= -+,36/G9= -98 >+6 +<.9<9 =9 F7:/>? ;?/ 2?,9 ./ +7:+<+<=/ .3-29 4/0/ /8 +,</<F+= 6>+= =3/8 .9 7?/<>9 +6 38>/8>+< ?8+ =+63.+ PA GIN A 14
"A2>@2 128 >.8 ".>4.88; 2: "28688.
A Q UI . . . S.B.E.
.A E8L DH8 6B@B ?BF 6H6;<??BF 78 ;BG8? DH8 A< C<A6;4A A< 6BEG4A )BE FH8EG8 9H8 8? T?G<@B IOFG4:B 78 ?BF HFGE<4 %B ??4@454 8A 8? !86;<M47B L G8AQ4A E4MSA ,H 9<:HE4 8E4 78C?BE45?8 'B ;45Q4 8A98E@8747 DH8 AB GH I<8E4 645<74 8A FH 8A6?8ADH8 6H8ECB %4 ;<FGBE<4 7<68 DH8 8E4 @OF 5<8A 54=B DH8 4?GB AB @4? 9BE@47B C8EB 98B 78 EBFGEB -8AQ4 8? 6H8??B ?4E:B ?4E:B L ?4 64E4 ;46<8A7B =H8:B 6BA 8? 6H8??B L 6B@B DH8 ?4 G8AQ4 8A6BEI474 ;46<4 4EE<54 8? ?45<B <A98E<BE 6B@B 8? 78 GB74 FH 94@<?<4 C4E86Q4 HA4 F4?6;< 6;4 I<8A8F4 AB CBE ?B 4@BE4G474 F< AB CBE ?B :EH8FB FB FQ G8AQ4 B=BF 4MH?8F )4786Q4 E4DH<G<F@B 'B CH7B 64@<A4E ABE@4?@8AG8 ;4FG4 ?BF 7<8M 4RBF -HIB HA4 ?46G4A6<4 DH8 7HEB 4RBF L 6BAGS 8A GBG4? 6BA AB7E< M4F -BG4? HA4 5<EE<4 78 ;B@5E8 HA 78FC8E7<6<B ;H@4AB 78? DH8 FC4R4 F8 ?<58ES 8A H8AB CH8F DH8 78F64AF8 8A C4M
4E?BF "" L FH 8G8EA4 <7<BGPF
8 ./0383>3@+ K;?E /= 6+ :96F>3-+ ?/89 + 73 79.9 @/< /= +619 :9< /6 ;?/ >9.9 /6 7?8.9 :/6/+ B ;?/ >9 .9= 69= :/6/+8>/= >3/8/ <+CH8 9= :96F>3-9= @3@/8 ./ /66+ B /=>D8 -98 @/8-3.9= /=9 -<//8 /669= ./ ;?/ -?+8>9 .31+8 2+1+8 -+66/8 9 ./4/8 ./ 2+-/< /= 6+ :?<+ @/<.+. 6 =F B /6 89 /=>D8 /8 4?/19 -+.+ @/C ;?/ 2+,6+8 /6 89 ./6 ;?/ /=-?-2+ -98 ><+ /6 =F ./6 ;?/ 2+,6+ B 8?8-+ =/ :98/8 ./ +-?/<.9 :+<+ ./-3<=/ :?/= >3/8/= <+CH8 #9< /=9 /6 7?8 .9 +8.+ =3/7:</ ./ -+,/C+ B E=>+ 73<+ + >9.9= 6+.9= :9<;?/ B+ 89 =+,/ +.H8./ 73<+< A Q UI . . . S. B. E.
'89= .3-/8 ;?/ =? <+CH8 /= 6+ 7/<+ 7/<+ 9 =/+ 6+ ,?/8+ :/<9 </=?6>+ ;?/ :+<+ /6 9><9 /= 6+ 7+6+ B -?+8.9 1+8+ /6 ;?/ >3/8/ <+CH8 </ =?6>+ ;?/ /<+ 7/8>3<+ L89 6+ >/8F+ L#/<9 >+7:9-9 6+ >/8F+ /6 9><9 =3 0?/ <+ /6 1+8+.9< * /8>98-/= +-+,E :9< ./-3<7/ M* /8 /=>/ 3< B @/83< /8 /=>/ @+3@E8 ./ -+,/C+ @/8379= + -98@/83< ;?/ ;?3/8 1+8+ /= 6+ >9<:/C+ = 7?B 7+6+ 73 -?+<>/>+ :/<9 /8></ .37/= B .3</>/= @/819 + -+/< /8 6+ -?/8>+ ;?/ ./,F >3<+<6+ +6 </></>/
-B74IQ4 AB 4C4E86Q4A ?BF 78 98AFBE8F 78 ?BF GBEBF C8EB F< ;H 5<8E4A 8K<FG<7B DH<PA F458 6S@B ?8F <EQ4 6BA ?4F 4HGBE<7478F 78? I<EE8<A4GB CH8F L4 8A 8FBF ?8=4 ABF 4RBF CBE 4?:TA G<8@CB L4 8A &PK<6B 64C<G4? F8 68?85E454A 6B EE<74F 78 GB7B ,8:TA 6H8AG4 8? E6;<IB 78 :HFGQA 4F4FB?4 9E8AG8 4 ?4F 64F4F 78 !8EAOA BE GPF 8A ?4 64??8 78? @C87E47<??B ;BL &BAG8 78 )<8747 ;45Q4 HA 6BEE4?SA 78 G8=4@4A<? 8A H54 &PK<6B B?B@5<4 L ,4AGB B@<A :B 8F ?4 G45?4 78?:474 6BEG474 8A ?<FGBA8F DH8 F8 8@C?84 6B@B G8=4 8? 6H4? 4EE8A7454 8? LHAG4 @<8AGB C4E4 68?85E4E 6BEE<74F 78 GBEBF A 8F8 ?H:4E F8 E84?<M4EBA ?4F CE<@8E4F 6BEE<74F 78 GBEBF 8A ?4 'H8I4 FC4R4 C8EB ?BF E8:<7BE8F 78 ?4 6<H747 BE78A4EBA DH8 GB7BF ?BF 4RBF 8? 78 4:BF GB 7Q4 78 ,4A !<CS?<GB L 986;4 78 ?4 BADH<FG4 78 ?4 6<H747 F8 68 ?85E4F8 6BA HA4 9<8FG4 78 GBEBF 24 8K<FGQ4 ?4 :4A478EQ4 78 G8A6B CEBC<8747 78 #H4A HG<PEE8M ?G4@<E4AB 8@C4E8AG4 7B 6BA !8EAOA BEGPF %BF CE<@8 EBF GBEBF I<A<8EBA 5H8AB ?BF GE4 =8EBA CBEDH8 ?BF CB5E8F AB F4 5Q4A ??8:4E 78 '4I4EE4 FC4R4 C8EB A<A:HAB @H:Q4 8A I4F6H8A 68 %4 9<8FG4 8E4 78 I8E747 6BA GBEBF F<A GBE8EBF CH8F AB ;45Q4 8? 4EG8 78 GBE84E )8EB ?4 9<8FG4 8E4 B5?<:474 78F78 C4E4 68?8 5E4E ?4 ??8:474 78 ?BF I<EE8L8F 6BA 7HE46<SA 78 GE8F 7Q4F 78 94A74A :B 'B G4E74EBA @H6;B 8A ?8I4A G4E @OF C?4M4F 78 GBEBF 4FQ 8F GHI<8EBA ?4 78? /8?47BE 8A ,4A )45?B 4??O CBE ?4 &8E687 ?4 78? )4F8B 'H8IB CBE H64E8?< L BGE4F @H6;4F @OF !H5B I<EE8 L8F DH8 8E4A @HL 49<6<BA47BF L 6?4EB G4@5<PA ?BF ;H5B I<??4@8?BA8F 78 ?BF DH8 HA 7Q4 ABF B6HC4E8@BF P A G I N A 15
A 6H4AGB 4? G8EE8AB 78 &<K6B46 CE8F8AG454 HA F4?7B 78 L ?4F B5E4F 8=86HG474F HA F4?7B 78 C8EB 6B@B F8 F8:HQ4 HA ?<G<:<B 4AG8 ?BF GE<5HA4 ?8F CBEDH8 ?BF ;8E878EBF 78 &8E 687 S@8M 8? I8A787BE E86?4@4 54 GB74IQ4 ;45Q4 DH8 8FC8E4E 8? 94??B 9<A4? DH8 78FCHPF 78 CEB?BA:47BF 8F9H8EMBF E8FH?GS 94IB E45?8 6B@B AB CB7Q4 F8E @8ABF C4E4 ?4 ,B6<8747 DH8 E86?4@S F<8@ CE8 ?4 AH?<747 78? 6BAGE4GB L4 DH8 ?BF I8A787BE8F 4HA ??8:4EBA 4 8FG4E 7<F CH8FGBF 4 E8F6<A7<E?B C8EB F<A 78 IB?I8E ?4F 9H8EG8F FH@4F E86<5<74F F8:TA F8 ;4 7<6;B B@B 8A ?4F CBFGE<@8EQ4F 78
?4 ,B6<8747 G8AQ4 HA 9BA7B 7<F CBA<5?8 C4E4 <A<6<4E ?4F B5E4F 78? AH8
IB ,4A4GBE<BF 4 DH8 4F68A7Q4 4 F8 7<8EBA ?BF C4FBF A8 68F4E<BF C4E4 CBA8E ?4 CE<@8E4 C<8 7E4 L CEBF8:H<E ?4 B5E4 6BA ?4 FB?4 C8A4 78 DH8 AB F8EQ4 8FG8 46GB G4A ?H6<7B 6B@B ;45Q4A E8FH?G47B BGEBF F<@<?4E8F AB FB?4@8AG8 CBEDH8 GB 74IQ4 ?BF E8FDH8@BE8F E8IB?H6<BA4 E<BF 8A 6BAGE4 78 ?B 8FC4RB? AB ;4 5Q4A 78F4C4E86<7B CBE 6B@C?8GB F<AB CBEDH8 8E4 7<9Q6<? B5G8A8E 8? 6BA6HEFB 78 ?4F 4HGBE<7478F C8A4 ?8F 4 GB7BF ?BF B5<FCBF L 4 GB7BF ?BF @<8@5EBF 78? BA:E8FB H64EQFG<6B DH8 F8 ;45Q4 68?85E47B 8A ?4 6<H747 78 &PK<6B ,<A 8@54E:B 6BA ?4 @B78E46<SA 8@C?8474 F<8@CE8 8A ?BF 7B6H@8A GBF CE<I47BF 78 ?4 ,B6<8747 C4E4 GE4 G4E 6BF4F DH8 CH874A G8A8E HA4 <A
,8 6H@C?<EOA 8? CESK<@B 78 45E<? 4RBF 78 ?4 CEB6?4@46<SA 78 ?4 "" +8CT5?<64 FC4RB?4 (6;B 4RBF 78FCHPF @BEQ4 8AGE8 9HF<?8F 4@8GE4??4 7BE4F 64RBA8F 4I<BA8F AB GB7BF 8FC4RB?8F CH8F 9H8 64@CB 78 8AGE8 A4@<8AGB L CEH854F 78 GB7B G<CB 78 4E@4@8AGB 78 BGEBF C4QF8F )8EB HA 4RB 4AG8F FH6878 ?4 FH5?8I46<SA 78 #464 @HA<6<C<B 78 ?4 CEBI<A6<4 78 !H8F64 E4:SA 8E@QA 4?OA L 4E6Q4 !8EAOA78M F8 6BAFG<GHL8A 8A ;PEB8F E8CH5?<64ABF 4? CE8G8A78E 4?M4EF8 6BAGE4 ?4 @BA4E DHQ4 ?B DH8 7<B ?H:4E 4 ?BF CB8G4F L 6B@CBF<GBE8F 78 GE8F 4? 6H4EGB C4E4 6B@CBA8E 6BC?4F DH8 F8 8F6H6;454A CBE C?4M4F L @8E647BF @5BF 9H8 EBA 9HF<?47BF C8EB FH F4A:E8 F<:H<S 6BEE<8A7B ;4FG4 DH8 8? 78 45E<? 78
?BF 8FC4RB?8F DH8 F8 46BFG4EBA @BAOEDH<6BF 4@4A86<8EBA E8CH5?< 64ABF 4? 786<E 78 ?BF C8E<S7<6BF 78 4DH8??BF 7Q4F
!;? 5H>;2? 12 .0. .8G: D .>0I. 2>:G:12E
PA GIN A 16
G8ECE8G46<SA CB?QG<64 8A 8? 46G4 6B EE8FCBA7<8AG8 4 ?4 F8F<SA 78 B6GH 5E8 78 L 4 ?4 DH8 4F<FG<8EBA 8? )E8F<78AG8 ?9E87B 78 'BE<8:4 8? /<68CE8F<78AG8 7B?9B )E<8GB L ?BF IB64?8F F8RBE8F AE<DH8 4??8:BF O@4FB 4E58??<7B "A74?86<B Q4M &8A7BM4 "F@48? /8:4 AGBA<B E4:4R4 E8:BE<B (A8GB :HFGQA +BF474 8?<C8 4E6Q4 :H<RB L %H<F ":?8F<4 F8 4F8AGS DH8 ;45Q4A F<7B 6BAIB647BF C4E4 E86B@8A74E?8F DH8 78 A<A:HA4 @4A8E4 78=4E4A 78 4F<FG<E @4R4A4 4? 46GB FB?8@A8 78 6B?B64E ?4 CE<@8E4 C<87E4 78? AH8IB ,4A4GBE<B CE<A6<C4?@8AG8 ?BF DH8 9BE@4A ?4F 7<I8EF4F 6B@<F<BA8F AB@5E474F 78 4AG8@4AB C4E4 8? @8=BE E8FH?G47B 78 8FG8 46GB 47I<E G<8A7B DH8 AB 4F<FG<EO 8? ,E )E8F< 78AG8 78 ?4 +8CT5?<64 CBEDH8 464 5454 78 E86<5<E FH 8K6HF4 CBE 8FG4E 4?:B 78?<647B 78 F4?H7 A< G4@CB6B ;45Q4 78F<:A47B E8CE8F8AG4AG8 L DH8 ?4 4HGBE<747 86?8F<OFG<64 G4@CB 6B 4F<FG<EQ4 C4E4 58A786<E 7<6;4 C<8 7E4 CBEDH8 F8EQ4 8KCBA8EF8 4 DH8 ABF G46;4E4A 78 I<B?4E ?4F ?8L8F 78 6H?GB CT5?<6B 4;BE4 DH8 G4A 8K6<G4 74F 8FG454A ?4F C4F<BA8F 6BA @BG< IB 78 ?4 68?85E46<SA 78? BA:E8FB H64EQFG<6B CBE ?B DH8 ;45Q4 DH8 @B7<9<64E 8? 46G4 E8FC86G<I4 L4 DH8 F8 ;45Q4 @4A747B 8KG8A78E 64?<:EO9<64@8AG8 L CBE 7HC?<647B 8A ?BF C8E:4@<ABF 6BEE8FCBA7<8AG8F 78=OA7BF8 BGE4F 8A 5?4A6B C4E4 DH8 ?BF 9<E@8A ?BF FB6<BF DH8 ?B 78F88A @87<4AG8 ?4 6HBG4 78 6<A6B C8FBF 6474 HAB C4E4 AH8FGE4 8A89<68A6<4 CEB7H=B 4 ?4 ,B6<8747 ?4 9<E @4 78 ?BF 7<C?B@4F CBE ?B FB6<BF ? 4RB 78 F8EQ4 GE4F68A78A G4? C4E4 ?4 ,B6<8747 AB FB?4@8AG8 CBE GB7B ?B B6HEE<7B 6H4A7B CBE 4? :TA @4?GE4GB 78 DH8 ;45Q4A F<7B B5 =8GB ?4F #BF89<A4F @8K<64A4F CBE C4EG8 78 4?:HABF 8A98E@BF DH8 ?4F @BIQ4 AH8I4@8AG8 4 E8G<E4EF8 F8 <A<6<S HA 4EE8:?B 6BA 8? "AFG<GHGB 78 +8?<:<BF4F 78 ,4A #BFP 78 8EBA4 FC4R4 C4E4 DH8 I<A<8E4A 8A98E@8 E4F 78 4DH8??4 E8:?4 4 CE8FG4E FHF F8EI<6<BF 4 ?4 8A89<68A6<4 FC4RB ?4 4EE8:?B DH8 9H8 789<A<G<I4@8AG8 4CEB547B 8A 78 985E8EB 78 A Q UI . . . S.B.E.
MBAG8 ;45Q4 HA4 AH58 6B@B 78 :4F4 6B@B F< 9H8E4 HA I8?B 78 ABI<4 %8 8KGE4RS CBEDH8 8A FH G<8 EE4 AHA64 FH687Q4 HA4 6BF4 4FQ AGBA68F 8? I<8=B 'BP F8 CHFB 4
64I<?4E L F8 7<=B 8? 6<8?B F8 8FGO AH5?4A7B C4E868 DH8 I4 4 ??BI8E L FQ CB6B 78FCHPF E86<5<S 4 =BI8A I8FG<7B 78 5?4A6B DH8 ?8 8AGE8:S HABF C4C8?8F L 8A 8??BF ?8 786Q4A DH8 <54 4 ??BI8E 7HE4AG8 7Q4F 6BA FHF AB6;8 2 ;4FG4 ?8 @4A7454 HA E8647<GB DH8 FS?B P? L FH 94@<?<4 F8 F4?I4EQ4A 78 @BE<E 4;B:47BF %4 F4?I46<SA G4@5<PA F8 ?4 7454A 8A HA 8FGHC8A7B C?4AB C4E4 ;468E HA4 ?4A6;4 8A ?4 DH8 6HC<8E4A GB 7BF ?BF 78 64F4 478@OF 78 HA4 C4E8=4 78 4A<@4?8F 7B@PFG<6BF 8AGE8 ?BF DH8 CBE FHCH8FGB 8FG4 54A 8? :4??B L ?4 :4??<A4 ?4 I464 L FH GBEB L BGEBF 78 6HL4F C<8?8F CB 7EQ4A ;468EF8 ?4F AH8E4F FHF 45E< :BF )H8F FQ 7HE4AG8 6H4E8AG4 7Q4F ??BI<S DH8 8E4 HA :HFGB G4AGB DH8 ?H8:B 78 8F8 G<8@CB F<AG<S DH8 8? E64 CH8F 4FQ ?4 ??4@4EBA F8 DH8 7S 4F8AG474 8A ?4 6<@4 78 HA @BAG8 CBE E@8A<4 L DH8 8E4 6BAB6<7B 6B@B 8? &BAG8 E4E4G AB @HL ?8 =BF 78 -HEDHQ4 ? 9<A4? 78 ?4 ;<FGBE<4 GB74IQ4 AB F8 I<F?H@5E4
G8 HA 5<??8G8 78 HAB B @OF 8HEBF F<AB @BA874 DH8 AB 9?BG4 L 6BA 8? C4C8? CH878A C4F4E 7BF 6BF4F DH8 ;4L4
HA I<IB DH8 ?B E86B=4 8AF8:H<74 ?B F8DH8 L F8 ?B :H4E78 B DH8 8? CB5E8 5<??8G8 F8 E8@B=8 L DH878 6B@B HA 8FC4:H8G< 6B6<7B 8A 6HLB 64FB ?4 CPE7<74 8F GBG4? C4E4 8? GHE<FG4 L C4E4 8? 4LHAG4@<8AGB
8 ";:@2 >.>.@ )A>=AI. 1K:12 .@2>>6EK #;H 0;: @;1;?
?4EB AB ?B I<I<@BF C8EB G8A8 @BF ABG<64F 78 DH8 'BP HA4 G4E 78 DH8 8FG454 4 ?4 CH8EG4 78 FH 64F4 78FCHPF 78 ;458E 6B@<7B I<B DH8 4 ?B ?8=BF 8A 8? ?4E:B ;BE<
%BF GHE<FG4F 78? @HA7B FBA FH C8EFG<6<BFBF CH8F 6E88A DH8 G<E4A 7B HA4F @BA874F 4 ?4 C<?8G4 78 HA4 9H8AG8 B 585<8A7B 8A 8??4 8FGO :4 E4AG<M474 FH IH8?G4 4? ?H:4E A BI47BA:4 ;4L HA4 9H8AG8 L ?4 ?8 L8A74 CBCH?4E 7<68 DH8 8? DH8 8??4 5854 78AGEB 78? 4RB F8 64F4 L 4 ?B @8=BE ?B DH8 ;468 8F 7<IBE6<4EF8 +B@4 ?4 G8EA4 ?4 DH8 GB7B 8? @HA7B FH8R4 6BA 6BAB68E HA 7Q4 6H8AG4 6BA HA4 9H8AG8 DH8 8F @OF 6BAB6<74 DH8 8? @<F@B C4C4 L ?4 ??4 @4A ?4 BAG4A4 78 -E8I< 78 6HLB 9BA7B F8 E86B:8 7<4E<4@8AG8 HA CEB @87<B 78 8HEBF 78 ?BF DH8 G<E4A ?BF GHE<FG4F CBEDH8 78 ?BF EB @4ABF AB 648 A< HAB F4 64AG<747 DH8 4? 4RB FH@4 HA I8E7478EB 64C< G4? I4 4 C4E4E 4 ?4F 4E64F 78? 4LHA G4@<8AGB DH8 8F 8? BE:4A<F@B 8A 64E:47B 78 ?<@C<4E 8? 9BA7B 78 ?4 9H8AG8 GB7BF ?BF 7Q4F 2 I84 HFG87 A47<8 G<E4 4 ?4 9H8A A Q UI . . . S. B. E.
%4 H8AG8 78 -E8I<
P A G I N A 17
%4 & ,HC8E<BE4 78 %4 !8E@4A4F 78 ?BF A6<4ABF 8F4@C4E47BF C< 7<S 4 ?4 8A89<68A6<4 F8 ?8F 6BA68 7<8E4 ?4 CEBC<8747 78 ?BF @8GEBF 6H47E47BF 78 G8EE8AB 7BA78 78F 64AF4A ?BF E8FGBF 78 I4E<4F !8E@4 A4F 2 4;Q 8FGOA ?BF 78 FBE 8EA4584 L4AF 4F8F<A474 8A 8? F<?B 8? 78 45E<? 78 A ?4 F8F<SA 78? 78 =HA<B 78
C4F4A ?4 @4LBE C4EG8 78? G<8@ CB 7<F6HG<8A7B 4FHAGBF :8A8E4?8F 78? )4AG8SA L 78F78 ?H8:B 4?:HABF 78 8??BF F8 I8AQ4A 7<F6HG<8A7B 78F 78 ;46Q4 @8F8F F<A ??8:4E 4 HA4 FB?H6<SA 789<A<G<I4 L @H6;4F I868F 8? B5FGO6H?B L 8? 68?B 78 6474 7<E86 G<IB CH8FG4 8A FH @<F<SA ?BF 6B@<
&4EGQA &8?<GSA ,4E4F4G8 A46<S 8A )4@C?BA4 8A L @HE<S 8A ?4 9E4A 68F4 <4EE<GM 8A B@CBF<GBE L I<B?<A<FG4 ?BF 4RBF B9E86<S FH CE< @8E 6BA6<8EGB C4F4A7B ?H8:B 4 &4 7E<7 C4E4 CEBF8:H<E FHF 8FGH7<BF H8 CE8F8AG47B 4 ?4 94@<?<4 E84? 4=B ?4 CEBG866<SA 78 "F458? "" <A<6<S FHF 8F GH7<BF 8A )4EQF L 4? 4RB F< :H<8AG8 F8 ;468 6BA 8? CE<@8E CE8 @<B 78 I<B?QA +86BEE8 64F< GB7B 8? @HA7B L 8A 8F8 GB7B F8 8A6H8A GE4 &PK<6B ;BFC87OA7BF8 8A ?B DH8 6BAB68@BF 6B@B )4?46<B 78 "GHE5<78 DH8 8A 8F8 G<8@CB 8E4 ;B G8? 2 HA4 78 ?4F 4AP67BG4F DH8 78 P? L FH 8FG4A6<4 8A &PK<6B F8 6H8A G4 ?4 78 HA <A7<GB DH8 4 ?4 CH8EG4 78? ;BG8? I8A7Q4 L GB6454 HA I<B?QA ;8 6;B 8A 64F4 ,4E4F4G8 ?8 GB@S HAB ?B GB6S L ?H8:B DH<FB 6B@CEOEF8?B 4? 945E<64AG8 C8EB 8? <A7<GB 4FB@ 5E47B CBE 8F6H6;4E 6S@B FBA454 FH I<B?QA 8F6H6;S 4 ,4E4F4G8 DH8 ?8 CE8:HAGS 6HOAGB C87Q4 CBE 8? <AFGEH @8AGB C8EB 4DH8? 945E<64AG8 8FG4 54 G4A 8AGHF<4F@47B DH8 ?8 7<=B Z'B AB F8 ?B E8:4?B CBEDH8 HFG87 GB64 6B@B <BF 8 42:6.8 %./8; (.>.?.@2
PA GIN A 18
F<BA47BF 78? )4AG8SA 8E4A ?BF DH8 @OF CB?8@<M454A FHF G8@4F 5E8 8? 9H8:B H8AG8I<??4 E89<E<PA 7BF8 4 ?4F 6H8AG4F CE8F8AG474F 8A ?4 F8F<SA 4AG8E<BE L BGE4F E8?46<BA474F 6BA ?4 7@<A<FGE46<SA 78? 8@8AG8E<B ;46<8A7B ?4 ;<FGBE<4 78 8??4F 78F78
78 ?4F DH8 L4 AB 8K<FG8A 6BAF G4A6<4 A<A:HA4 8A ?BF ?<5EBF 78? )4A G8SA 4FQ 6B@B 78 @BAH@8AGBF I8A 7<7BF HABF L 9<47BF BGEBF 4 7<FG<AG4F C8EFBA4F F4 <A8K<FG8A6<4 78 74GBF 6BA6E8GBF C4E4 ??8I4E HA4 5H8A4 47 @<A<FGE46<SA 8E4 :E4I8 CH8F 9H8 6B@B 64@<A4E F<A EH@5B 5HF64A7B HA4 F4 ?<74 %4 78F4C4E<6<SA 78 ?BF ?<5EBF 8A ?4 7@<A<FGE46<SA 78 &8E<AB 4TA CEB 7H68 CEB5?8@4F C4E4 ?4 <AI8FG<:46<SA
78 6<8EG4F 8G4C4F 78? C4F47B 78 AH8F GEB 8@8AG8E<B H8AG8I<??4 F8 789<8A78 78 CBF< 5?8F 4@BA8FG46<BA8F DH8 ?8 ;4:4A 7<6<8A7B DH8 P? AB ;468 @OF DH8 8KCBA8E ?BF ;86;BF C8EB DH8 AB E8 FH8?I8 468E64 78? 4FHAGB CBE AB ;4 58EF8 CE8F8AG47B ?4F 6H8AG4F 8A FH BCBEGHA<747 64HF4 CBE ?4 6H4? 8? /<68CE8F<78AG8 8A 9HA6<BA8F ,E /8E84 ?4F 78F86;S 7<6<PA7B?8 4? @<F@B 7@<A<FGE47BE DH8 ?4F C4:4 E4 CBE FH 6H8AG4 2 4FQ 8AGE8 HA4F 6BF4F L BGE4F HABF 64FBF L BGEBF F8 ?8 9H8 8? G<8@CB 4 8FG4 #HAG4 F<A ;458E ??8:47B 4 A474 8A 6BA6E8GB ? ,E BAMO?8M &<F4 6<G4 HA 64FB 78 HA4 94@<?<4 DH8 C4:S QAG8 :E4 HA4 C8EC8GH<747 78 L AB G<8A8 6B@B GQGH?B 78 CEBC<8747 @OF DH8 HA4 F<@C?8 6BAFG4A6<4 DH8 ?8 7<B 8? ,E &8E<AB L DH8 4;BE4 C<78 F8 ?8 46E87<G8 8A E8:?4 FH CEBC<8747 CH8F 78 AB ;468E?B 4FQ CEB6878EQ4 6BAGE4 ?4 8A89<68A6<4 L DH8 P? 78 F84 DH8 F8 4EE8:?8 C4E4 8I<G4E HA 7<F :HFGB 4 ?4 #HAG4 L 4R478 DH8 AB F8 ;4 CH8FGB 78 46H8E7B 6BA 8? ,E H8AG8I<??4 CBEDH8 7<6;B F8RBE AB 6BAFH?G4 A474 6BA P? L 78F84 F458E 78 HA4 I8M F< FH 6B@C4R8EB 78 B @<F<SA G<8A8 B5?<:46<SA 78 74E?8 6H8AG4 78 ?BF 4FHAGBF 78? )4AG8SA C4E4 F<AB E8G<E4EF8 78 ?4 B@<F<SA B@B 8E4 78 8FC8E4E H8AG8I<??4 7<68 DH8 6BAB68 8? 7B6H@8AGB 4 DH8 F8 E89<8E8 BAMO?8M &<F4 L DH8 AB 8F GQGH?B 78 CEBC<8747 DH8 C4E4 74E PFG8 F8 A868F<G4 DH8 8? <AG8E8F47B CE8F8A G8 4?:HABF 7B6H@8AGBF CH8F P? AB CH878 74E GQGH?BF F<A DH8 ?8 CE8F8AG8A E86<5BF E88@BF DH8 8FB 78 ?BF E8 6<5BF 8FG4EQ4 7<9Q6<? DH8 ?BF GHI<8E4A CH8F L4 F458@BF DH8 ?4F 6H8AG4F 78? 8K 7@<A<FGE47BE &8E<AB AB 8E4A CE8 6<F4@8AG8 6?4E4F CH8FGB DH8 P? @<F @B AB 8E4 GE<:B ?<@C<B 2 8A 6H4AGB 4 ?B 78 DH8 AB ?8 74 6H8AG4F H8AG8I<??4 BAMO?8M &<F4 P? 78F84EQ4 DH8 FH 6B@C4R8EB 9H8E4 GB7BF ?BF 7Q4F B CBE ?B @8ABF DH8 ?8 4I<F4E4 6HOA7B 78 F8454 <E CH8F DH8 P? AB CB7Q4 4G8A78E 4 GB7B ?B DH8 ;4L DH8 ;468E 8A 8? )4A G8SA CBEDH8 8A ?4 46GH4?<747 ;4L DH8 E8I<F4E @OF 78 @BAH@8AGBF A Q UI . . . S.B.E.
8 GB7BF ?BF 5<8A8F DH8 CH878 C8E78E HA CH8 5?B A<A:HAB 6B@B 8? 78 ?4 ?<58EG47 &4EQ4 FDH8E<AB ? DH8 A474 F8 C8E7B A4 4 FQ @<F@B @8E868 DH8 F8 ?8 C8E7BA8 GB7B BA9H6<B %4 CB5E8M4 AB I<8A8 CBE ?4 7<F@<AH6<SA 78 ?4F E<DH8M4F F<AB CBE ?4 @H?G< C?<646<SA 78 ?BF 78F8BF )?4GSA %4F E8IB?H6<BA8F AB F8 ;468A CBE @8AH78A 6<4F C8EB A468 78 @8AH 78A6<4F E<FGSG8?8F ? 78FCE86<B 78? 7<A8 EB 8A HA @B@8AGB 747B 8F 4 I868F 8? @8=BE F<FG8@4 C4E4 :4A4E?B 8A 45HA74A 6<4 -8E8A6<B FQ 6B@B 8K<FG8 HA 4EG8 78 5<8A ;45?4E 8K<FG8
G4@5<PA HA 4EG8 78 5<8A 8F6H6;4E 8A ?4F 8F6H8?4F 78 BE4GBE<4 F8 8AF8R4 8? CE<@8EB C8EB 8A A<A:HA4 8F6H8?4 F8 8AF8R4 8? F8 :HA7B C<6G8GB !4L DH8 78F6BA9<4E 78 ?BF DH8 4? ;45?4E 78 FHF 4AG8C4F47BF 6H4A7B ?8F 94?G4 HA ;B@5E8 CBA8A 8A FH ?H:4E 4 HA 7<BF ,PA864 -B7BF ?BF <A9BEGHA<BF 78 ?BF ;B@5E8F 78E<I4A 78 AB F458E 8FG4EF8 GE4ADH< ?BF 8A FHF 64F4F ?4F )4F64? !4L CB64F @H=8E8F G4A C8E986G4F DH8 AB ;4:4A 4EE8C8AG<EF8 4 FHF @4E< 7BF CBE ?B @8ABF HA4 I8M 4? 7Q4 78 ;458E 6BAGE4Q7B @4GE<@BA<B #84A 78 ?4 EHL8E8
!9 =/ ><+>+ ./ ?8+ ./ 6+= >+8>+= :/6F-?6+= 0367+.+= /8 EA3-9 >/83/8.9 -979 +<1?7/8>9 +;?/669= >3/7:9= ?8 :/<=9 8+4/ ;?/ >9.+@F+ @3@/ /8 ?8+ >?7,+ ./ ?8 -/7/8>/<39 ./ #+<F= / =? @3.+ :/<9 7?-29 7D= ./ =? E:9-+ =/ 8?><3H /6 38/ !+-398+6 :9< 7?-29= +G9= !9@/6+= B ,391<+0F+= =/ /= -<3,3/<98 :9< .9-/8+= B /8 ?89 ./ /=+= ,391<+0F+= /=-<3>+ :9< +<39 &+6+@/<+ =9,</ 6+ @3.+ B 9,<+ ./6 -97:9=3>9< 31?/6 /< .9 ./ &/4+.+ .3</->9< .?<+8>/ 7?-29= +G9= ./ 6+ "<;?/=>+ &F:3-+ ./ 6+ 3?.+. ./ EA3-9 -?/8>+ ;?/ /8 -3/<>+ 9-+=3H8 /6 @3/49 .3->+.9< 3,+ + 897,<+< 383=><9 ./ ?/<<+ B +<38+ ./ =? 19,3/<89 + ?8 +7/<3>+.9 1/8/<+6 ;?/ +:/8+= -989-F+ /6 7+< B 6/ :</1?8>H ?/89 -97:+G/<9 =E ;?/ ./ 7363-3+ -989-/ ?=>/. ,+=>+8>/ :9<;?/ =/ 2+ ,+>3.9 + 73 6+.9 /8 69= -97,+>/= :/<9 K./ 7+<38+ ;?E =+,/ ?=>/. 69 ;?/ /6 0?>?<9 =/-</>+<39 -98>/=>H =38 387?>+<=/ L #?/= 6/ -9803/=9 + ?=>/. =/G9< #</=3./8>/ ;?/ 69 I83 -9 ;?/ =E ./ +<38+ /= +;?/66+ :+<>/ ;?/ .3-/ 3-29=9 +;?E6 ;?/ >3/8/ 6+ -+=+ + 069>/ 6+ -+=+ + 069>/M 2+-3/8.9 </0/</8-3+ + 6+ H:/<+ /=:+G96+ +<38+ ./ 73639 <<3/>+ B #+=-?+6 <?>9= :<9,+.9 N/A-6+7H /6 @3/49 -+?.3669 B /8=/1?3.+ /A :3.3H /6 897,<+73/8>9 ;?/ </=?6>H =/< =37,H63-9 :9<;?/ 89 >/8F+79= :<9,6/7+ 8+@+6 + -+?=+ ./ .3@/<=+= <+C98/= -98= >3>?B/8.9 6+ :<37/<+ /8 ;?/ 89 2+,F+ ,+<-9= &9.+@F+ /8 69= +G9= 89= >9-H /=-?-2+< 69= .973819= /8 6+ 9<+ !+-398+6 + /=>+ 7+18F03-+ 9<;?/=>+ A Q UI . . . S. B. E.
.A 4C8??<7B G4A 6B@TA 6B@B ?4 C48??4 8? 64?7B :4??8:B B ?4 945474 4FGHE<4A4 H8 '4I4EE4 ?4 CE<@8 E4 CEBI<A6<4 DH8 HFS 8? EB@4A68 B 7<4?86GB ?4G<AB 8A FHF 7B6H@8AGBF 8A 7BA78 4C4E868A ?BF C4GEBAQ@<6BF @H6;B 4AG8F DH8 8A 4FG<??4 ,8:TA ?4 !8EO?7<64 L ?4 8A84?B:Q4 8? AB@5E8 I4F6B 4E6Q4 8F L4 6<G47B 8AGE8 ?BF 4RBF L 8A 4FG<??4 %4 E8<A4 #<@8A4 78 %8SA 4AG8F CE<@8E4 78 '4I4EE4 ?B <AGEB7H=B 8A 4FG<??4 .AB 78 FHF ;<=BF F8 ??4@S 4E6Q4 AB@5E8 <AGEB7H6<7B 8A (66<78AG8 CBE <A9?H8A 6<4 78 '4I4EE4 A 8F4 PCB64 ;H5B AH@8EBFBF 8@< :E4AG8F I4F6BF DH8 F8 8FG45?86<8EBA 8A FGHE<4F L %8SA 9BE@4A7B AT6?8BF 78 8AGEBADH8 I4F6B L 4HA DH8 C8E7<8EBA FHF 64E46G8EQFG<64F BE<:<A4E<4F 6BA F8EI4EBA FHF AB@5E8F AG8 ?4 <AI4F<SA OE458 @H6;4F 94@<?<4F 78 4FG<??4 E4:SA L /4F6BA<4 ;HL8EBA -4A :E4A78 9H8 ?4 78F54A7474 L G4A 6BA9HF4 DH8 F8 ??8:S 4 C8E78E 8? 6BAG46GB 94@<?<4E L ?BF A<RBF B?I<74EBA ;4FG4 FH AB@5E8 @BG<IB CBE 8? DH8 :E4A 64AG<747 78 8??BF 8?< :<8EBA 8? 78 4E6Q4 ?B DH8 ;<MB CBCH?4E 8? 7<6;B *H<8A AB@5E8 AB G8AQ4 4E6Q4 F8 CBAQ4 %B 4AG8E<BE F8 E89<8E8 4? AB@5E8 Y2 8? 4C8??<7B Y 986G<I4@8AG8 8F I4F6B 4E6Q4 CEB6878 78 !BEGM4 EGM4 4EGM8 B !4EGM8 F BE<HA7B 78 "C4EE4?78 ?H:4E 7BA78 F8 4FC<E4 ?4 ; 6BA FBA<7B C4E86<7B 4 : CBE 8FGB F8 4C?<6S 7<6;4 ?8GE4 CBE ?BF 4@4AH8AF8F L 6B@B AB F45Q4A CEBAHA6<4E ?4 GM FH9E<S @H6;4F I4E<46<BA8F 8A FH 8F6E<GHE4 4E6Q4 F<:A<9<64 8A <7<B@4 :B7B CEQA6<C8 78 I<F G4 4:E46<474 ?B DH8 F8:HE4@8AG8 HFG87 F8RBE B F8 RBE4 ;4A 78 F8E
P A G I N A 19
" "
%B FH687<7B 8A 8F4 B64F<SA ?B A4EE4 @H6;B @8=BE DH8 LB BA &< :H8? CBE G4AGB B@<GB E8?4G4E ?4 64AG< 747 78 C8EFBA4=8F DH8 4C4E868A 8A ?4 8F68A4 <A6?HL8A7B 4 HA4 G4? BEBG84 DH8 6BA945H?474 6BA 4DH8 ??BF I<8=BF 4@<:BF 78 BA *H<=BG8 F8 ;<MB C4F4E CBE ?4 E8<A4 &<6B@<6BA4 CBEDH8 8? 9<A 8E4 F464E 78 4??Q 6BA 8A:4RBF 4 BA *H<=BG8 FG454A GB7BF 8A :E4A 6;4E?4 6H4A7B I<8EBA CBE 8? 64@<AB ;46<4 7BA78 8FGO54@BF HA ;B@5E8 @BA G47B 8A HA 5HEEB 4 @Q 4? I8E?B @8 7<B HA IH8?6B 8? 6BE4MSA CH8F 8A F8:H<74 E86BAB6Q 4 +B6<A9BEG8 L G4@5<PA 4 DH<8A ?B @BAG454 CH8F 8E4 8? ;B@5E8 DH8 F8 ?B ;45Q4 EB54 7B ? ;B@5E8 8E4 HA :<G4AB F8:TA 7<=B L DH8EQ4 I8A78E FH 5HEEB C8EB 78 :<G4AB G8AQ4 FS?B 8? 7<F9E4M CH8F F< 4DH8? 8FC4AG4=B 8E4 :<G4AB LB CB 7Q4 C4F4E CBE 8? EE<8EB HAB 78 ?BF 6<A6B 6454??BF DH8 G8AQ4 BEGPF 8A ?4 BADH<FG4 78 &P=<6B C8EB G4@5<PA ,4A6;B ?B E86BAB6<S 8A 6H4AGB ?B GHIB 4? ?47B 8E4 HAB 78 ?BF :4?8BG8F ?<58EG47BF CBE BA *H<=BG8 <APF 78 )4F4@BAG8 DH<8A 4? I8E 4 ,4A6;B 45E4M4EF8 4? 5HEEB ??BE4A7B 78 6BA G8AGB 8? @HL 64A4??4 47I<EG<8A7B DH8 8A E84?<747 8E4 8? 7H8RB 78? 4A<@4? L DH8 ?8 :E<G454 Z ; ?47ESA <A8F<??B 78=4 @< CE8A74 FH8?G4 @< I<74 AB G8 8@C46;8F 6BA @< 78F64AFB 78=4 @< 4FAB 78=4 @< E8:4?B Z!HL8 CHGB 4HFPAG4G8 ?47ESA L 78F4@C4E4 DH8 ?B DH8 AB 8F GHLB 86;S 4 6BEE8E 6B@B 4?@4 DH8 ??8I4 8? 7<45?B %BF <AFH?GBF L 478@4A8F 4@8A4M4AG8F 78 ,4A6;B ?8 ;<6<8EBA E86BE74E DH8 8? DH8 6BEE8 5<8A C8 ?84 <APF 78 )4F4@BAG8 78=S 4 +B6<A9BEG8 8AGE8 ABFBGEBF L AB 8F 6H6;S A< I<B 4 ,4A6;B <AG8ECE8G4A7B HA4 8@B6<BA4AG8 8F68A4 78 4@BE CBEDH8 6B@B F< 78 HA ;<=B CES7<:B F8 GE4G4F8 F8 45E4MS 4 FH 4@47B EH6<B L 6BA IBM DH85E474 CBE 8? ??4A GB 98?<M 78 IB?I8E 4 I8E?B ?8 786Q4 @<? PA GIN A 20
@H=8E ?8 8E4 GBG4?@8AG8 9<8? L C4E4 F458E?B ?8 C<78 4 HA 4@<:B FHLB DH8 ?4 E8DH<8E4 78 4@BE8F 4 ?B DH8 8A GE8 BGE4F 6BF4F PFG8 ?8 7<68 4?:B DH8 @8 C4E86<S @HL 5<8A = ./ @3.<39 6+ 7?4/< #/<9 89 =/ 2+ ./ :<9,+< %3 =/ :?/./ 9 89 ;?/,<+< #9<;?/ >9.9 :9.<F+ =/< * /= 7D= 0D-36 /6 ;?/,<+=/ * 89 /= -9<.?<+ :98/<=/ 8 :/631<9 ./ <97:/<=/ 9 ;?/ 89 :?/./ =96.+<=/ Z S@B FBA 5EHGBF 8FGBF ;B@ 5E8F Y*H<PA8F \?8 CE8:HAGB Y*H<PA8F I4A 4 F8E NF8 DH8 8FGO 7H74A7B 78 ?4 9<78?<747 78 FH @H=8E %B ;H5<8E4 I<FGB 4AG8F
G8EA868F DH8 ABF 6BA@BI<8EBA 4 GB 7BF Y S@B ;4F 8FG47B 5<8A @QB EH6<B 78 @<F B=BF 6B@C4R8EB @QB BA9<8FB DH8 ,4A6;B ?B:ES 6BA @BI8E@8 I<8A7B 8? 4@BE DH8 6BA FH 5E4MBF 8AIB?IQ4 4? EH6<B 78 FHF B=BF 8A G4AGB ?BF @QB F8 4EE4F4EBA 78 ?O:E<@4F 78 6BAG8AGB E8B DH8 +B6<A9BEG8 F8AGQ4 ?4 @<F@4 98?<6<747 DH8 FH 4@B L DH8 LB FH 4@<:B 78 I8E747 8FCHPF 78? 8A6H8AGEB 78 ,4A 6;B 6BA FH 4@47B 5HEEB 8? HE4 L 8? 4E58EB 6BA 8A:4RBF DH8 8KC?< 64 @HL CHAGH4?@8AG8 BA &<:H8? 8A 8? @<F@B 64CQGH?B 111 L 8A 8? 111" 8A 8? DH8 6H8AG4 6S@B IB?I<@BF 4 ?4 I8AG4 C4F4EBA @H6;4F 6BF4F 8A ?4F DH8 A< +B6<A9BEG8 A< LB GB@4@BF C4EG8 CH8F 9H8EBA ;<FGBE<4F L 6H8A GBF DH8 4 A<A:HAB 78 ?BF 7BF ABF <A G8E8F454 C8EB 6?4EB 4?:B 8AG8A7< @BF 78 ?B DH8 786Q4A F6H6;4@BF FQ ?4 ;<FGBE<4 78 HA ;B@5E8 64F47B DH8 8? @HL GBAGB DH8EQ4 F458E F< FH
&8 4FB@5ES 8? E4MBA4@<8AGB 78 @< 4@<:B 'B AB 8E4 G4A 5HEEB CH8F G8AQ4 E4MSA Y S@B F8 ?8 B6HEE<S F8@8=4AG8 7<FC4E4G8 CBEDH8 F< AB 6BA9<454 8A ?4 @H=8E 6B@B 8FCBF4 YCBE DHP 8AGBA68F 6BA9<S 8A 8??4 6B@B ABI<4 Z'B ?B 8AG<8A7B A 8F4F 6BAF<78E46<BA8F 8FGO 54@BF +B6<A9BEG8 L LB 6H4A7B 78 CEBAGB 8F6H6;4@BF :E4A78F :E<GBF 78 4?4E@4 DH8 F4?Q4A 78 ?4 I8AG4 C4E86<S ,4A6;B 74A7B IB68F L 7< 6<8A7B DH8 7BA *H<=BG8 ;45Q4 46H 6;<??47B 4 HA :<:4AG8 6H7<8EBA GB 7BF HE4 4E58EB ?BF I8AG8EBF L BGEBF DH8 4??Q 8FG454A 78 C4FB L 8F C4AG47BF 78 I8E747 I<8EBA 4 7BA *H<=BG8 8FC474 8A @4AB 4GE4I8F4A 7B 6BA 8??4 GB7BF ?BF B7E8F 78 I<AB DH8 4??Q ;45Q4 'B 8F C4E4 6BAG4E ?4 DH8 4E@4EBA 8? I8AG8EB FH @H=8E L ?4 ;<=4 78 PFGBF !45?4EBA 6BF4F @HL 984F 78 @< 4@B L AB 7<:4@BF ?B DH8 786Q4A 78 ,4A6;B L4 DH8 4 ?BF 7BF ?BF 6BAB6Q4A 78 4DH8??4 I8M 8A DH8 ,4A6;B IB?454 CBE ?BF 4<E8F ?4AM47B CBE ?4 @4AG4 L 478@OF 8A 4DH8??4 B64F<SA ABF 9H<@BF 5H8AB 8??BF F8 9H8EBA F<A C4:4E 8? ;BFC8 74=8 78 ?BF 7BF L ?4 685474 C4E4 AB A Q UI . . . S.B.E.
FBGEBF CBE ?B DH8 8? I<8=B G8AQ4 HA4 78H74 4GE4F474 8A ?4 I8AG4 L 8A6< @4 4;BE4 46454 6BA GB7BF ?BF B7E8F 78 I<AB 78? I8AG8EB 78=4A7B FH 86B AB@Q4 E87H6<74 4? @QA<@B 2B @8 CE8:HAG454 F< 8FG8 ;B@5E8 F8 4E@S C4E4 78F9468E 8AGH8EGBF 6B@B 4F8:HE474 B C4E4 ;468E?BF CBEDH8 YCBE DHP 4DH8??4 @4AQ4 78 C8?84E 6BAGE4 :8AG8 C46Q9<64 YL @OF DH8 CBE DHP C4E4 DHP Y*HP F8AG<7B G<8A8 ?H6;4E 4 5E4MB C4EG<7B 6BAGE4 HA4F ;H@<?78F 645E4F L C4EG<EF8 8? 4?@4 6BAGE4 HA @B?<AB 78 I<8AGB 4HADH8 PFG8 ?B 78=S 6B@B 7<68A 8A
4:E8F<IB 4 I868F Y F <:H4? 8A FH 64F4 Z'B DHP I4 F @HL 64?@47B @HL 6H?GB F458 @H6;B CBEDH8 G<8 A8 @H6;QF<@BF ?<5EBF %B DH8 FH68 78 8F DH8 6E88 GB7B 6H4AGB ?88 L F8 @8G8 G4AGB 8A ?BF C8EFBA4=8F DH8 P? @<F@B F8 F<8AG8 CEBG4:BA<FG4 78 GB 7BF ?BF ?4A68F 2 4 8F4 G4A H?6<A84 78 7SA 78 ?4 F46S Z 4??4 8F4 8F BGE4 ??O 8A 8? -B5BFB I<I8 HA G4? %BE8AMB BE6;H8?B L FH @H=8E ?7BAM4 'B :4?8F L G<8A8A HA4 ;<=4 DH8 F8 ??4@4
@BMB 78? -B5BFB L 78 BGEBF CH85?BF 4?874RBF DH8 AB ;4L4A G8A<7B 6BA 8??4 9HA6<BA8F 78 78F4:E4I<B Z!4F G4 ,4A6;B 9H8 98FG8=47B CBE 8F4 @BM4 Y*HP @8 6H8AG4F ,4A6;B 8A 8F4F 4A74AM4F 6BA ?4 G4? ?7BAM4 ,Q 6?4EB 8??4 AB CBA8 E8C4EB 4 A474 A< 4 A47<8 L GH 4@B 4HADH8 5EHGB 78 GB7BF @B7BF 8F HA ;B@ 5E8 H8AB ?B DH8 C4F4EO 8F DH8 ?7BAM4 ;4 78 F8E :8A8EBF4 L 4HA DH8 5EHF64 L GBF64 984 L 8AGE474 78 64EA8F I8EO DH8 6B@B A47<8 F8 ?8 468E64 6BA 9<A8F 78 @4GE<@BA<B ?B DH8 5HF64 8F 7<I8EG<EF8 6BA GB7BF ;BE4 DH8 8FB 78 DH8 BA *H<=BG8 8FGP 8A4@BE47B 78 8??4 L4 @8 C4E8 68 8KGE4RB &<E4 BA *H<=BG8 8F @HL <@4 :<A4G<IB L I8 EBF4F 7BA78 ;4L 64E 7BF 64FG<??BF 8ABE@8F 7BA78 IH?:4 E8F 6;BM4F :E4A78F I8AG4F 8A 64 54R4F 78 645E8EBF -B7B ?B @4:AQ9< 64 GB7B ?B <784?<M4 E8B DH8 8F HA4 @4A8E4 78 F8E 98?<M YAB G8 C4E868 ,Q C8EB 8F HA ?B6B CBEDH8 ;4 6<8A7B 74RB 6E8L8A7B DH8 8FB 8F 5BA747 AB @8 C4E868 5<8A
(.:05; ./>.E.:1; D 88;>.:1; 12 0;:@2:@; .8 B2> . ';06:3;>@2
8? 4@5<8AG8 78 ?BF GBEBF C4E4 8? 4EE4FGE8 FGB ?B FP CBEDH8 HABF 6454??BF I86<ABF @QBF ?BF 7B@<A:BF ?BF ??8I454A 4 ?BF GBEBF C4E4 4EE4F GE4E 4? GBEB @H8EGB )BE 6<8EGB DH8 8??BF 8FG454A @HL 8A94747BF CBEDH8 78FC86G<I4@8AG8 ?8F ??4@454 @H?<??4F Z4 8??BF DH8 CE8FH@Q4A 78 @46;BF 78 I8E747 +B6<A9BEG8 78AGEB 78 FH <A6H?GH E4 47I8EGQ4 ?B @<F@B DH8 LB E8F C86GB 4? CEB6878E 78? I8E7478EB 4@B 78 ?BF 7BF Y)BE DHP GH 4@B 8F 4FQ G4A A Q UI . . . S. B. E.
6B@B ?4 @47E8 L 8F 6BFGH@5E8 CBE %4 &4A6;4 DH8 ?4 ;<=4 F8 ??4@8 6B@B ?4 @47E8 FQ DH8 FH AB@5E8 8F ?7BAM4 %BE8AMB Y*HP @8 7<68F %B DH8 BL8F H?6<A84 AB 8F BGE4 DH8 ?4 G4? ?7BAM4 %BE8AMB Y2 DHP G4? 8F Y,<DH<8E4 8F :H4 C4 Z*HP I4 F HA4 @H=8E 6BEE<8A G8 AB @HL :BE74 C8EB ??8A4 78 64E A8F 6B@B 7<68A ?BF 78? CH85?B Y!BA8FG4 B@B ?4F :4??<A4F 'B ;4L
N? AB 8F 4@5<6<BFB 6B@B ,4A 6;B ,8 6BA9BE@4 6BA CB6B L FH @4LBE :BMB 8F 8FB C8?84E 4HADH8 F84 6BAGE4 @B?<ABF 78 I<8AGB L 6B@B GB7B 6H4AGB 46B@8G8 ?B ;468 CBE 4@BE 4 H?6<A84[ ?7BAM4 DH8EEOF 786<E ,Q C8EB C4E4 P? 8F ?4 @OF 58??4 78 ?4F @H=8E8F %4 ??4@4 @C8E4 GE<M 78 %4 &4A6;4 L CBE 8??4 ;468 GB74F 8F4F 6BF4F DH8 I8@BF E8F 64G4E 7BA68??4F DH8 AB ?B FBA A< I4A F86H8FGE474F ?<58EG4E ?47EBA8F 6BA 78A47BF CBE 8? E8L[ C8EB P? ?B I8 6B@B HA4 <A=HFG<6<4 L ?8F 74 ?4 ?<58E G47 4TA 4 E<8F:B 78 DH8 ?B 4CE8F8 ?4 ,4AG4 !8E@4A747 'B E8FC8G4 ?4F ?8L8F CBEDH8 C4E4 FH @B7B 78 CEB 6878E FBA ?4F ?8L8F ?4F DH8 G<8A8A DH8 E8FC8G4E?B 4 P? FGO 6BAI8A6< 7B 78 DH8 P? 8F ?4 #HFG<6<4 P A G I N A 21
? 54RB L 8? 0 L4 F8 HF4 54A 8AGE8 8? L 8? 4 FQ DH8 AB CE8FH@4@BF 78 G8A8E 8A 64F4 HA 6BA9BEG45?8 6H4EGB 78 54RB C8E9H@47B 8FC8=BF GB4??8EBF L @<? 6;H6;8EQ4F @OF !4L E8F<78A6<4F DH8 G<8A8A ;4FG4 B
@OF 54RBF G4A 8?8:4AG8F DH8 ;4FG4 74 C8A4 G8A8E DH8 G<E4E CBE ?4 G4M4 ?B DH8 ABF FB5E4 +86BE 74@BF ?BF I<8=BF E8GE8G8F 78 F C4R4 DH8 G8AQ4A ?BF E8FG4HE4AG8F L 54E8F 8A ?BF DH8 HA ?8GE8EB <AI< G454 4 G<E4E 78 ?4 6478A4 9E4F8 DH8 8A ?4F 8?866<BA8F 78 F<8A7B 64A7<74GB CBE ?4 #BFP &4EQ4 <? +B5?8F 4 DH<8A ?8 786Q4 8? #898 ?8 C<AG454A 4? ?8 GE8EB DH8 C87Q4 G<E4E 78 ?4 6478 A4 L 4R47Q4A -B7B C4E4 8? #898
@H?G<94@<?<4E8F 7<FCBAQ4A 78 54RB L 0 L 4 I868F G4@5<PA ?8GE<A4F DH8 AB FBA ?4F ?8GE4F 6;<DH<G4F 78 ?BF 6BAGE4GBF DH8 4? <:H4? DH8 8? 54RB 8FG454A 6BA86G474F 4 HA F<F G8@4 78 78F4:U8 F4 <A7<FC8A F45?8 6B@B7<747 6B?B6S 4 &B;8A=B 4EB 6B@B ?4 @OF 4I4A M474 78? 4AG<:HB (E<8AG8 8A ?B DH8 4 ;<:<8A8 F8 E89<8E8 L ?4 I<A6H?4 4 ?4 6H?GHE4 <A7B 8HEBC84 2 478 @OF 8FGBF ?H:4E8F AB FS?B 6H@ C?Q4A 6BA ?4 ;<:<8A8F F<AB DH8
? '46<@<8AGB DH8 GB7BF ?BF 4RBF 4E@4 8? ) #BFP 8A ?BF =4E7< A8F 78 AH8FGEB !BFC<G4? 8F F8A 6<??4@8AG8 47@<E45?8 CH8F 8? ?H :4E 7BA78 ?B <AFG4?4 AB CH878 F8E @OF 4CEBC<47B L4 DH8 8? 8FC46<B DH8 B6HC4 ?4 F4:E474 6HA4 DH8 74 54=B HA 4E5HFGB DH8 F<@H?4 HA G86;B I8:8G4? A ?4 6HA4 78? '<RB F<8@CE8 ;4L HAB 78 AH8F GEBF :4GBF DH8 C4F4 ?4 AB6;8 I8 ?4A7B 4? +86<PA '46<7B FS?B F4?8 78 4??Q 4 ?4 ;BE4 78 6B@8E L F8:H E4@8AG8 8FG4EO F4G<F986;B 78 F8E 8? :H4E7<OA 78 HA ,8E G4A 8FC8 6<4?
";52:7; .>; <;/8.06K: 128 :1;?@G:
&B;8A=B 4EB 8F HA4 CB5?4 6<SA 78? "A7BFGOA HA4 C8AQAFH?4 78? F<4 @8E<7<BA4? 8AGE8 8? B?9B 78 8A:4?4 DH8 AB F458@BF F< 78 4;Q FBA ?4F ?H68F L 8? &4E EO 5<:B ?4 "A7<4 F8 ?4 78F<:A454 6BA 8F8 AB@5E8 C8EB 8A F8AG<7B 8FGE<6GB F8 ??4@454 "A7BFGOA 8A ?BF 4RBF 4FQ F8 ??4@454 HA4 ;8E@BF4 C<8M4 @HF<64? 4 ?BF G8 EE<GBE<BF ?B64?<M47BF 8AGE8 8? !<@4?4L4 L 8? 86OA B F84 ?4 E8 :<SA "A7B:4A:PA<64 )H8F 5<8A 8A 8FG8 ?H:4E GB74F ?4F 64F4F AB ;45Q4 6BA7B@<A<BF ;BE<MBAG4?8F A< PA GIN A 22
G4@5<PA 6H@C?Q4A HA4 9HA6<SA E8?< :<BF4 ? FH8?B 8FG454 <A6?<A47B C4E4 6BA7H6<E 8? 4:H4 HA4 458EGHE4 F< GH474 8A HA4 8FDH<A4 78F78 ?4 6H4? <54 4 C4E4E 4 ?BF 64A4?8F 78 78F4:U8 4 GE4IPF 78 GH58EQ4F 78@OF 78 ?BF 54RBF C4EG<6H?4E8F ?B ;45Q4 CT5?<6BF ZL L4 DH<F<PE4 @BF DH8 ?BF 78 ;BL GHI<8E4A ?4F 7<@8AF<BA8F 78 4DH8??BF @8 GEBF 78 ?4E:B CBE 78 4A6;B A 8? 68AGEB 78? 87<9<6<B ;45Q4 HA4 C<F 6<A4 6BA HA4 CEB9HA7<747 @OK<@4 78 @ A Q UI . . . S.B.E.
? CE<@8EB 9H8 8@C8E47BE / 78 ?8@4A<4 L 4 ?BF 4RBF L4 8E4 8? " 78 FC4R4 ?4@8A6B 78 A46<@<8AGB ZL AB 64AG454 94A74A:BF C8EB ?H8:B :4AS 54G4 ??4F 4 ?B 58FG<4 '46<S 8A 4AG8 =HFGB 8A 8A ?BF ??4@47BF )4QF8F 4=BF ,H @47E8 8FC4RB?QF<@4 L FH C47E8 9?4@8ADHQF<@B ?4 ;<FGBE<4 ?8 CHFB 8? AB@5E8 78 !8E@BFB 4E?<GBF AB ;45?454 8FC4RB? L F<A 8@54E :B 9H8 E8L 78 ?BF 8FC4RB?8F DH8 GB74IQ4 AB 64AG454A G8A:B HA4 I464 ?86;8E4 -HIB DH8 <EF8 C4E4 FC4R4 CBEDH8 ;45Q4 ;8E8747B ?4 BEBA4 DH8 ;BL ?8 C8EG8A868 4 8?<C8 /" 8F HA 786<E %8 6BFGS @H6;B GE454=B 8AG8A78EF8 6BA 4DH8??BF C8?8BA8F DH8 4 GB7B ?8 CBAQ4A C8EB ?B DH8 ?8 45HEEQ4 G8 A8E DH8 4:H4AG4E?B L F8 <54 C4E4 ?4A78F )H8F DHP GBAGB Z6BA ?B 5<8A DH8 F8 6B@8 8A ?4 G<8EE4 78 8EI4AG8F A 64@5<B FH ;<=B 7H4E7B 8?<C8 DH8 C4FS 4 ?4 ;<FGBE<4 6B@B 8?<C8 "" 4@454 4 FC4R4 @H6;B @OF DH8 ?BF 64G4?4A8F 78 4;BE4 'B I<IQ4 8A FC4R4 CBEDH8 8E4 E8L 78 "G4?<4 L G4@5<PA 78 ?4A78F C8EB 6?4EB AB 8E4A FHF C4QF8F 78 A46<@<8AGB L 8A 6H4AGB CH7B F8 9H8 789<A<G<I4@8AG8 C4E4 ?4 G<8EE4 78 FH 45H8?4 L 78 FHF 5<F 45H8?BF 78 ?4 DH8 =4@OF F4?<S ,Q 6?4EB F8 64FS 7BF I868F L G4@ 5<PA GHIB FHF DH8;458E8F 6BA BGE4F @BM4F 6BA ?4F DH8 <AG8ECE8 GS @HL 5<8A 8? @4A74GB 7<I<AB 78 6E868E L @H?G<C?<64EF8 L HA4 78 FHF ;<=4F ?S:<64@8AG8 78 @47E8 FB?G8E4 @HE<S 4DHQ 8A &PK<6B %?8:S 4 /4??47B?<7 7BA78 9H8 E86<5<7B 6B@B G8AQ4 DH8 F8E GH@H?GH4E<4@8AG8 C8EB ?4F 68E8 @BA<4F @OF 8FC86G46H?4E8F 8E4A A Q UI . . . S. B. E.
.>8;? +
286<2
?4F ;B:H8E4F 78 ?4 "ADH<F<6<SA 8A ?4F DH8 F8 9E8Q4A F<A 468<G8 4 ?BF ;8E8=8F 2 8?<C8 ?B C4F454 @HL 5<8A G4AGB DH8 CEBAHA6<S 4DH8 ??4F 6P?85E8F C4?45E4F E86B:<74F CBE ?4 ;<FGBE<4 [2 4TA F< @< ;<=B 9H8E4 ;8E8=8 LB @<F@B GE48EQ4 ?4 ?8R4 C4E4 DH8@4E?B Z EEEEEE F8 8E4 8? C8AF4@<8AGB 78 ?4 PCB64 CBEDH8 4RBF 4AG8F 8A E4A6<F6B " 78 E4A6<4 8A HA4 CEB
68F<SA FB?8@A8 7<=B 64F< ?B @<F@B 4FG<:4EQ4 78 @H8EG8 4 HAB 78 @<F ;<=BF F< 8FGHI<8E4 <A98F G47B 78 ?4 ;8E8=Q4 L F< F<AG<8E4 HA4 78 @<F @4ABF 6BAG4@<A474 @8 ?4 6BEG4EQ4 6BA ?4 BGE4 A 64@5<B ?4 !<FGBE<4 9H8 @OF <A7H?:8AG8 6BA )46B 8? 9E4A6PF DH8 6BA 8? 8FC4RB?QF<@B 8?<C8 4 DH<8A 78 58@BF 8F8 C8DH8RB @BA4FG8 E<B ??4@47B ? F6BE<4?
.D <.8./>.? 2: :A2?@>; 616;9. =A2 B.82: <.>. 0;?.? 9AD 16?@6:@.? 0;: ?K8; 5.02 A: <2=A2JI?69; 0.9/6; 2: 28 ;>12: 12 8.? 82@>.? 12 .84A:. ?I8./. +2. A?@21 ?6 2?0>6/2 :@688.? 2? =A2 .:1. A?@21 <.?2.:1; 3286E <;> 0A.8=A62>. 12 8.? 6?8.? 128 .>056<6H8.4; 128 @8G:@60; D D. ?./2 0AG82? ?;: %2>; ?6 .8 2?0>6/6> 2?. <.8./>. A?@21 0.9/6. 28 ;>12: 12 8.? 82@>.? 12 8. <>692>. ?I8./. N<;> 6;? =A2 2?@G ?./; >2.:1; A: 128606;?; <;?@>2 12 8;? =A2 =A6@.: 28 56<; D 128 =A2 2: .@.8AJ. 2? 28 92>; 92>; >29.@2 12 A: /A2: /.: =A2@2 8.? :.@688.? . 8. 0.@.8.:. P A G I N A 23
+8:E8F8@BF 4 ?4F 7P6474F 78? 78? L ;4FG4 78? L I84@BF 4?:B 78 ?4 I<74 8A 4DH8? &PK<6B GE4ADH<?B L 58??B 6H4A7B 4 ?BF G4K<FG4F F8 ?8F 786Q4 EH?8G8EBF "A6?HFB F8 9<?@S HA4 C8?Q6H?4 6HLB GQGH?B 8E4 +H?8G8EB G8 AQ4F DH8 F8E HA 78FC86G<IB 5<8A :4A47B TA E86BE74@BF 4DH8??4F EH<A4F @BGBE<M474F 6BA7H6<74F CBE :8AG8 78 EB@C8 L E4F:4 C8EB
8FB FQ ?BF I<4=8EBF AB G8@5?454A 78 @<87B C8AF4A7B 8A DH8 8A 6H4?DH<8E @B@8AGB F8EQ4A 4F4?G47BF BAB6< @BF HAB 78 8FGBF 6;B98E8F 4? DH8 ??4@454 8? ,<8G8 %8A:H4F CBEDH8 8A 8? I<4=8 6;4E?454 ;4FG4 CBE ?BF 6B7BF 8F78 ?H8:B GB74IQ4 AB F8 <AF G4?454A ?BF B7<BFBF G4KQ@8GEBF L 8? I<4=8 F8 GE4G454 CBE @87<B 78 ?4 B98E
: 8. 1H0.1. 12 8;? ? .<.>2062>;: 8;? 0;0;1>68;?
%4 ;<FGBE<4 ABF 6H8AG4 F<8@CE8 ?B DH8 ;<6<8EBA ?B DH8 9H8EBA CBE 7SA78 I<4=4EBA C8EB E4E4 I8M ABF 6H8A G4 F< 8E4A :H4CBF B :H4C4F :BE7BF B 9?46BF )8EB I84 4;BE4 6S@B 8E4 8? DH8 ??4@4EBA 8? @8=BE 4?64?78 78 &47E<7 4E?BF """ ? &47E<7 78 FH G<8@CB L 78 BGEBF 4AG8E<BE8F L CBFG8E<BE8F DH874A E8GE4G47BF 8A 8? ?<5EB 78 878E<6B 4E?BF ,O<AM 78 +B5?8F G<GH?47B &47E<7 HGB5<B:E49Q4 L 8F CE86<F4@8AG8 &47E<7 DH<8A ABF 6H8AG4 8FG4 ;<FGBE<4 %4 CE<@8E4 <@CE8F<SA DH8 ?4 64C< G4? 78 FC4R4 E86<58 78 FH E8L 4E?BF """ 9H8 7868C6<B A4AG8 A ?B 9QF<6B 6H4E8AG4 L GE8F 4RBF A4E<M ?4E:4 L 4A6;4 L 6BEI<A4 FB5E8 HA4 78F78AG474 5B64 6458M4 @BA74 L 6;<64 54=B HA4 EQ:<74 C8?H64 CE8 8A6<6?BC87<FG4 8 ?BF C<8F 4 ?4 6BEBA<??4 HA4 984?747 C8E986G4 A ?B 786BE4G<IB 4GH8A7B CE8FHA6<SA 8@C4DH8 64?MBA8F 78 4AG8 78F?H6<7B @87<4F 78 ?4A4 4EEH:474F I8E78F B PA GIN A 24
G4 L ?4 78@4A74 ,8 ?8 C8:HAG454 4? EH?8G4 DH8 4FQ F8 ?8F 786Q4 G4@5<PA CBE 45E8I<4E Y HOAGB 4? -HC<A4@54 L ?4 CE8:HAG4 F8 ;46Q4 8A BEE8:<7BE4 L +B?74A @<B64E7<B 78 ?4 &8E687 C4E4 <E 4 ?4F 64??8F 78 B?QI4E ? EH?8G4 786Q4 HA C8FB L 8? 6?<8AG8 B9E86Q4 HA GBFGSA C8EB ?4 B98EG4 AB F4G<F946Q4 L 8AGBA68F DH87454 8A F8G8AG4 68AG4IBF 2 F< Q54@BF )4EDH8 FGHE<4F 78 ?4F 64 ??8F 78 ;45464AB ;BL HA 8ABE@8 FHC8E@8E647B 8? 6BFGB 8E4 78 GE8F C8FBF B GE8F 6<A6H8AG4 )8EB GB7B F8 I<AB 454=B 6H4A7B 4C4E86<8EBA ?BF G4KQ @8GEBF L 8AGBA68F 8? EH?8G8EB C4FS 4 F8E G4K<FG4 @OF 8?8:4AG8 FQ C8EB @OF G8@<7B CBE ?BF C4F4=8EBF !45Q4 6B@B 4;BE4 6;BDH8F 78 EH?8G8EBF 78 64@<BA8F AB ;45Q4 @8GEB 5HF8F A< 6B@5<F DH8 ?H8 :B F8 ??4@4EBA C8F8E4F 4F< F<8@CE8 ?BF 6H?C45?8F 78 4DH8??BF 8A6BAGEBA4MBF 8E4A ?BF @4G8E<4?<F G4F 'B ;45Q4 7Q4 8A DH8 HA @4G8 E<4?<FG4 AB 6;B64E4 6BAGE4 4?:B %BF E8CBEG8EBF F8 7454A 4 ?4 G4E84 78 6BAG4E ?BF @4G8E<4?<FG4F DH8 4A74 54A CBE ?4 6<H747 FQ ?8F ??4@454A 4 ?BF 64@<BA8F DH8 GE4AFCBEG454A 64F64=B 78 64F4F 78EEH<74F 24 AB F8 ;45?4 78 ?BF @4G8E<4?<FG4F F<AB 78? &8GEB5TF 78? GE4<?8E 78 7B5?8 64=4 8G6 8G6 Z,Q 6S@B ;8@BF 64@5<47B
EB=4F ZL AB 8E4 F8@O9BEB 64F8DHQA 6BA 7BF 5B?F<??BF 6B?:4AG8F 6B@B ?4F G4?8:4F 78 4EE<8EB :H4AG8F CB?HGBF B F84 FH6<BF M4C4GBA8F 6BA ?4F @4E64F 78 =H4A8G8F @BEEB6BGH7BF 2 HA E8L G4A :8A8EBF4@8AG8 98B G4A @4? I8FG<7B L 478@OF 6BA 64??BF L =H4A8G8F 78? G4@4RB 78 E8?B= 98EEB64EE<?8EB AB ?B <@4:<A4@BF 784@5H?4A7B CBE ?4F 64??8F 78 ?64?O B CBE 8? )4F8B 78? )E47B 2 @<E8 HFG87 8? 4EG8 78 47BEA4E ?BF C4FG8?8F 78 6H@C?84RBF 5B74F L BGE4F 898@PE<78F F8 7858 4? E86<5<@<8AGB DH8 ?4 64C<G4? 78 FC4R4 ?8 ;<MB 4 8FG8 E8L L 4 FH :BE7<F 6H4A7B ??8:4EBA 78 'OCB?8F CH8F GB7BF ?BF 6B@8E6<4AG8F CB ?QG<6BF L 78C8A78A6<4F @HA<6<C4?8F 6BAI<EG<8EBA 4 &4 7E<7 8A 4?:B 4FQ 6B@B HA4 :<:4AG8F64 6B?<9?BE 7BEABF L 9?BE8F CBE GB74F C4EG8F 54?6BA8F ??8ABF 78 @4AGBA8F L ;4FG4 6B?6;4F 78 4@4F6B A Q UI . . . S.B.E.
F @Q4 @HL @Q4 CBEDH8 8FG8 X 78 @4EMB F8 6H@C?8A DH<8EB 6E88E ?B 4RBF 78 ;458E ??8:47B 4 &PK< 6B %B DH8 I<IQ 8A 8FBF GE8F 6H4EGBF 78 F<:?B ?B G8A:B :E4547B AB FS?B 8A ?4 @8@BE<4 F<AB G4@5<PA 8A ?4 C<8? 8A ?4 F4A:E8 L 8A @< 6458??B 5?4A6B DH8 4AG8F 8E4 64FG4RB /<A8 6BA ?8A G8F L 6BA ?8AG8F F<:B 4 C8F4E 78 DH8 ;468 HA 4RB @8 DH<G4EBA ?4F 78? '<O:4E4 L ?4F 78 ":H4MT H4A7B 8? @P7<6B @8 7<=B DH8 G<E4E4 ?BF ?8AG8F 4 ?4 54FHE4 4 CHAGB 8FGHI8 78 ;4 68E?B C8EB @8 4EE8C8AGQ CBE 64E<RB 4 8??BF L4 DH8 ??8I454 4RBF HFOA 7B?BF ;4FG4 C4E4 7BE@<E CBEDH8 F< AB AB I8EQ4 ?B DH8 FH8RB 2 FQ F<A 8??BF I8Q4 C8E986G4@8AG8 C8EB 6H4A 7B @8 @<EP 8A 8? 8FC8=B GHI8 DH8 CE8F8AG4E@8 4 @Q @<F@B 'B @8 6BAB6Q L 8AGBA68F @8 ;<68 HABF F<A :E47H46<SA A4GHE4?8F L 4FQ F<:B
F<8A7B 8? @<F@B L F<A I4A<7478F GBA G4F 24 @8 ;H5<8E4 :HFG47B ;468E HA 7<4E<B 78 8FGBF 4:BFGBF C8EB A< G<8@CB GHI8 A< :4A4F @8 7<8EBA CBE DH8 Y4 DH<PA ?8 ;H5<8E4 <@CBEG47B @< I<74 ?4EB DH8 ?B E86H8E7B GB7B B 64F< GB7B 4 C4EG<E 78 @<F CE<@8EBF
4RBF ?BF DH8 G8AQ4 8A 4DHP? X 78 @4EMB 78 L DH8 6<A6B @8 F8F 78FCHPF L4 F8EQ4A 2 6B@B 7<=B 8? CB8G4 ;8 I<FGB GEBABF IB?64 7BF <AFG<GH6<BA8F 64Q74F L GE4F E86<4F F46H7<74F CH85?BF L E8L8F 64AF47BF [ L ;BL @< @8@BE<4 F8 78EE4@4 CBE 8? 4A6;B C4ABE4@4
78 ?BF 4RBF DH8 ;8 I<I<7B [ )H87B 786<E DH8 &PK<6B L LB 6E8 6<@BF =HAGBF DH8 P? @8 I<B 6E868E 4 @Q L LB ?B I< 6E868E 4 P? L 4 I868F @8 CE8:HAGB YDHP ;45EQ4 F<7B 78 @Q 78 AB ;458E I8A<7B 4 &PK<6B
)8EB 5H8AB L4 8FGO 5<8A 78 ABF G4?:<4F L 78 64AF4E 4 @<F 6H4GEB ?86 GBE8F 4 ?BF DH8 ?8F C<7B C8E7SA CBE G4AG4F GBAG8EQ4F DH8 6H8AGB Z E4 6<4F
:@5;:D 12 "288;
-4=<@4 AB $4@< 8E4 @48FGEB 78 8F:E<@4 8A ?4 64F4 78? ,;B:HA .A @<8@5EB 78 ?4 :H4E7<4 C8EFBA4? 78 ,;B:H@ 46H7<S 4 P? HA 7Q4 C<7<PA7B?8 DH8 ?8 47<8FGE4E4 8A 8? @4A8=B 78 ?4 8FC474 -8 ;8 B5F8EI47B 6BA 78G8A<@<8AGB ?8 9<=B -4=<@4 AB $4@< L @8 ;4 C4E86<7B DH8 8E8F HA 4HGPAG<6B @48FGEB 8A 8FG8 4EG8 AG8F 78 GB@4EG8 6B@B 7<F6QCH?B DH<8EB F458E 6BA DHP @48FGEB ;4F 8FGH 7<47B #4@OF ;8 8FGH7<47B 6BA A47<8 8? 4EG8 78 ?4 8F:E<@4 ?8 E8FCBA7<S 8? BGEB 'B CH878 8A:4R4E@8 7<=B 8? @48F GEB -8A:B HA B=B @HL C8EFC<64M DH8 AHA 64 @8 94??4 'B CE8G8A7B 6BAGE4786<EBF 8K68?8A 6<4 7<=B 8? :H4E7<4 C8EB ?4 I8E747 8F DH8 AB FP HA4 C4?45E4 78 8F:E<@4 ? @48FGEB ?8 B5?<:S 4 6EHM4E ?4 8FC474 6BA P? 7HE4AG8 HABF @<AHGBF ?H8:B F8 78GHIB L ?8 7<=B )H8F GB DH8 GT 7<68F DH8 AHA64 ;4F 4CE8A7<7B 8FG8 4EG8 LB 468CGB GH C4?45E4 L G8 6E8B )8EB ?B 6<8EGB 8F DH8 G8 54G8F 6B@B HA @48FGEB !O5?4@8 78 G< ,S?B ;4L HA4 6BF4 DH8 CH87B 786<EBF 7<=B 8? @<8@ A Q UI . . . S. B. E.
5EB 78 ?4 :H4E7<4 H4A7B 8E4 A<RB HA F4@HEO< DH8 7<=B DH8 HA ;B@5E8 =4@OF 785Q4 G8@8E 4 ?4 @H8EG8 )BE 8FB @8 ;8 7854G<7B 6BA 8? CEB5?8@4 78 ?4 @H8EG8 ;4FG4 DH8 PFG4 78=S 78 CEB7H6<E@8 ?4 @OF @QA<@4 <ADH<8GH7 Z 8 @B7B DH8 8E4 8FB[ 8K6?4@S -4=<@4 AB $4@< ? F86E8GB T?G<@B 78 ?4 8F:E<@4 6BA F<FG8 8A 8FG4E ?<5E8 78? @<87B 4 ?4 @H8EG8 -T AB A868F<G4F 47<8FGE4EG8 8E8F @48F GEB 78 C?8AB 78E86;B %BF DH8 AB ;4A 4?64AM47B ?4 <?H @<A46<SA F<8@CE8 8FGOA 4A:HFG<4 7BF ,BA 6B@B 8? DH8 648 4? 4:H4 L AB F458 A474E F8 4FHFG4 L CBE 8FB F8 ;HA78 L CBE 8FB F8 8F9H8E M4 CBE @4AG8A8EF8 4 9?BG8 L CBE 8FB F8 ;HA78 6474 I8M @OF ,< C8E7<8E4 8? @<87B L 78=4E4 DH8 FH 6H8ECB F8 ;HA7<8E4 ?<5E8@8AG8 PFG8 E8GBEA4EQ4 4 ?4 FHC8E9<6<8 CBEB FQ FB?B .A ;B@5E8 64LS 4? EQB 8A C?8AB 4G4DH8 8C<?PCG<6B H4A7B IB?I<S 8A FQ ?8 FBECE8A7<S I8EF8 G8A7<7B 8A ?4 BE<??4 ? @<F@B 4G4DH8 DH8 ?8 ;45Q4 4EEB=47B 4? EQB ?8 ;45Q4 F4?I47B ?4 I<74 4?8=4E 78 P? 8? @<87B 4 @BE<E 4;B :47B FB 8F ?4 <?H@<A46<SA P A G I N A 25
.:628 <>;:A:06.:1; ?A />2B2 16?0A>?;
PA GIN A 26
A Q UI . . . S.B.E.
> (.9A28 2>:G:12E %2:. .:628 (AG>2E D ;?H ".:A28 %6J26>;
" ) $ ( % & ( )* )* + " # !%( 1- % " "4$ "%) $ " ) " %#&" *% 1 % $*%$ $% ($0$ / % (2 + / % #%) ( '+ )* *%& "+ $ % $% )4"% )+) $ " ) ) $%
+$ #+$ % $ (# ( ) %$ )+) # " ) 5) %$) * $* #+(#+""% ( ) ) &"0* ) $*( %$* $+ $ (# ( ) '+ "" $ * ( &%( " %( )+ ) " " *( !%7 $ $ "% ) #&( %$ $*( &"%# ) &%(
3%) ) )* $ ) +( )%)7 " $ " +$ , ) * + &%( " ( $ " +0( / . " ( #+ " ($0$ / $ " " * ($ . " %)& * " *% & ( #%)*( (" " ( %)1 $+ " 3 (%
"AD 0;:@2:@.? 0282/>.:1; ?A 1I.
A Q UI . . . S. B. E.
P A G I N A 27
% ;?H " :. ".>I. (;> :H? " (A<2>6;>. D (;> ".>028.
$* $* . "% +*%( " " , ) 4$ "" $ $* %
%#&%)* " " ( %(( % % # $/4 $ " " $ "+ . $ % " ! %$ ) $ + $*( $ "%) & ( *%) #0) )% )* %) $ " *( * # $
*% " $ %"% 2 " ( 3 (% '+ 4 ( "# $* )%( &( $ % + $*% , % $ "%) *( ) ) *%( ) # $ %$ %) )*% ) '+ "% '+ ) ( %$ )& 3%" '+ $%) , ) * &%('+ #+ %) ,
:32>92>.? 2: ?A 362?@.
PA GIN A 28
$ $ . ) # ( $ ) $ %$% ( " #&%(* $*2) # " %( "%) # ( $* ) '+ %$) + (%$ %$ )+ ) + (/% )+ #%( . )+ %$)* $ & ( )%)* $ ( " #0) ( $ % ( "%) )& 3%" ) $ #1(
> ;?H !A6? (.:7A>7;
A Q UI . . . S.B.E.
: 8. 2?02:. .:628 (AG>2E D 8.? 16<8;9.1.? <;> .J;? 12 @>./.7;
>A<; 12 16<8;9.1.?
A Q UI . . . S. B. E.
P A G I N A 29
'46<S 8A .EE84 78 4PA CEB I<A6<4 78 -8EH8? 8A L 94??86<S 8A ?4 64C<G4? 78 FC4R4 8A 78 =H?<B 78? AF4L<FG4 L @P7<6B 4HGBE CEB ?Q9<6B 4 DH<8A F8 ?8 6BAF<78E4 8? <A< 6<47BE L @OK<@B E8CE8F8AG4AG8 78 ?4 @87<6<A4 8FC4RB?4 +84?<MS 8F GH7<BF 78 FH 8FC86<4?<747 8A 34 E4:BM4 /4?8A6<4 L &47E<7 BE<8A GOA7BF8 ;46<4 ?4 CF<DH<4GEQ4 HA 7S 6BA +<7EH8=B ?4 E8I<FG4 F6B E<4? H8 HA 6BA98E8A6<4AG8 <A64A F45?8 6B?45BE47BE 8A 7<4E<BF L E8I<FG4F C8EB ;4 FB5E8C4F47B ?BF ?Q@<G8F 78 FH CEB98F<SA C4E4 B6H C4EF8 78? 4AO?<F<F ;<FGSE<6B 78 ?4 6H?GHE4 8FC4RB?4 6BA HA 49OA 78 6B@CE8AF<SA L E86BA6<?<46<SA 46BE 78 6BA FH E8AHA6<4 4? <784E<B 94?4A:<FG4
,8 8FG45?868A ABE@4F FB5E8 8? GE4G4@<8AGB @P7<6B L 7<8GPG<6B DH8 F8 ;4 78 ??8I4E C4E4 4?64AM4E HA4 8747 4I4AM474 L 4 C4EG<E 78 4DHQ FHE:8 HA4 6<8A6<4 CEBC<4 ?4 @46EB5<SG<64 B 8? 8=8E6<6<B 78 CEB ?BA:4E ?4 I<74 78? ;B@5E8[ ? B5=8 G<IB 78 ?4 @87<6<A4 8F C8EF8:H<E ?4 F4?H7 8? 78 ?4 @46EB5<SG<64 8A 64@ 5<B ?4 ?BA:8I<747 %BF E86HEFBF 78 ?4 @87<6<A4 F<EI8A TA<64@8AG8 C4E4 8? 8FG47B 78 F4?H7 78? @B@8AGB L HA 64@5<B 8A 8FG8 F8AG<7B F8 7858 G8A8E 8A 6H8AG4 ?BF 78 ?4 @46EB5<SG<64 F<A 8@54E:B F8 7<E< :8A 4 ?4 GBG4?<747 %4 @87<6<A4 7858 =HM:4E 6474 8A98E@8747 6B@B HA @4? DH8 AB F8 CH878 8?<@<A4E 6BA ?4 FH9<6<8A G8 E4C<78M @<8AGE4F DH8 ?4 @46EB5<SG<64 78@H8FGE4 DH8 4?:H A4F 8A98E@87478F CH878A F8E TG< ?8F C4E4 CEB?BA:4E ?4 I<74[ %BF 4RBF 78 I<74 78 6H4?DH<8E C8EFBA4 78C8A78A 78 ?4 FH@4 78 FHF 9H8E M4F I<G4?8F <AA4G4F 78 ?4 @4LBE B @8ABE E8F<FG8A6<4 78 FHF SE:4ABF 78? 6BAFH@B @OF B @8ABF EOC<7B PA GIN A 30
78 FHF 8A8E:Q4F L 78 ?4 E86HC8E4 6<SA -B7BF 8FGBF 946GBE8F C4E4 CEB ?BA:4E ?BF 4RBF 78 I<74 4FQ 6B@B ?BF @87<BF L4 CEBCH8FGBF B ?BF DH8 F8 CEBCBA7EOA 8A 8? 9HGHEB F8 6?4F<9<64A F8:TA 8FGBF 6H4GEB 4C4EG47BF L F8 8K4@<A4A 54FOA7BF8 8A 8??BF ?
E8FH?G47B 78 GB74 8KC8E<8A6<4 L 8? 9HA74@8AGB 78 ?4 @46EB5<SG<64 8F 8? F<:H<8AG8 ? FBA<7B @87<B 78 GB74F ?4F C<8 M4F 78 @TF<64 8? 4HE84 @87<B6E<G4F DH8 !BE46<B 8AGBA454 4 ?4 C8E9866<SA[ 8F G4@5<PA 8? @OF 6BAI8A<8AG8 C4E4 CEB?BA:4E ?4 I<74
A328.:1 <>;<;:2 A: @H>96:; 9216; 2:@>2 A:. B61. .?0H@60. D A:. B61. 12?;>12:.1.
A Q UI . . . S.B.E.
%4 EHM +B=4 A468 6B@B HA4 466<SA 78 4LH74 <AG8EA46<BA4? 54 F474 8A ?BF CE<A6<C<B 78 ?4 BA I8A6<SA 78 <A85E4 78 ? 6B@<GP <AG8EA46<BA4? 78 ?4 EHM +B=4 8K<FG8 78F78 CE<@8EB 54=B 8? AB@5E8 78 B@<GP "AG8E A46<BA4? C4E4 ?4 )EBG866<SA 78 ?BF !8E<7BF 4? @<F@B G<8@CB DH8 FHE:8A ?4F BE:4A<M46<BA8F A46<B A4?8F 78 ?4 EHM EB=4 FQ 78F78
;4FG4 F8 6E8454A 8A ?8@4A<4 FB6<87478F A46<BA4?8F 6B@B ?4 FB6<46<SA )4GE<SG<64 78 &H=8E8F 78 ?4 EHM +B=4 24 78F 78 GB74F ?4F 4FB6<46<BA8F F8 HA8A 8A ?4 EHM +B=4 ?8@4A4
;:B2:06K: 12 6:2/>.
8A GE4F ?4 ,8:HA74 H8EE4 &HA7<4? F8 9HA74 ?4 AH8I4 BE:4 A<M46<SA 6BA F878 8A BAA L 8A
8A ?4 ?8@4A<4 (E<8AG4? A
GB74F ?4F 4FB6<46<BA8F A4 6<BA4?8F 78 ?4 EHM +B=4 9BE@4A HA %<:4 ?4 EHM +B=4 "AG8EA46<BA4? %4 @4LBEQ4 78 ?4F :H8EE4F 4CBEG4A AH8IBF C4QF8F @<8@5EBF 4 ?4 BAI8A6<SA 78 <A85E4 %4F FB6<87478F 78 FB6BEEB @HGHB 47BCG4A L4 8A 8? 7<FG<AG<IB 78 ?4 EHM +B=4 A ?4F :H8EE4F DH8 F8 FH6878A F8 CE8FG4 4LH74 F8 :TA ?4 6BAI8A6<SA 78 <A85E4
&4AH8? E4A6<F6B 4??8:BF L 78 ?4 -BEE8 '46<S 8A ,4A #BFP 78 ?4 4EE8E4 , % ) FGH7<S 8A 8? "AFG<GHGB <8AGQ9<6B L %<G8E4E<B 78 ?4 64C<G4? 78? FG47B A
<A:E8FS 8A ?4 F6H8?4 78 &87<6<A4 78 &PK<6B 7BA78 B5GHIB FH :E47B 78 @P7<6B 6<EH=4AB 8A 6BA HA4 G8 F<F G<GH?474 CHAG4@<8AGBF FB5E8 8? 7<4:ASFG<6B 78? 8@ A Q UI . . . S. B. E.
54E4MB 8A ?BF CE<@8EBF @8F8F +86<PA G<GH?47B FHFG<GHLS 4? E #BFP &4EQ4 4A78E4 8A ?4 6OG87E4 78 9<F<B?B:Q4 78 =OA7B?4 C4E4 E8GBEA4E 4 ,4A %HQF 6BA 8? CEBCSF<GB 78 8=8E 68E FH CEB98F<SA A 9H8 ??4@47B CBE 8? E ,4A #H4A C4E4 DH8 IB?I<8E4 4 &PK<6B 8A64E:OA7B?8 ?4 C?4M4 78 @P 7<6B 4LH74AG8 78 ?4 6OG87E4 78 :<A86B?B:Q4 DH8 8=8E6<S ;4FG4 8A DH8 9H8 78F<:A47B CEB98FBE <AG8E<AB 78 7< 6;4 @4G8E<4 DH8 @8F8F 78FCHPF L CE8I<4 BCBF<6<SA B5GH IB 8A CEBC<8747 H8 @P7<6B 78? !BFC<G4? 8A8E4? L CEB 98FBE 78 ?4 F6H8?4 78 )4EG8E4F P A G I N A 31
? C4?H7<F@B B @4?4E<4 78? <G4?<4AB @4? 4<E8 8F HA4 8A98E@8747 <A9866<BF4 GEBC<64? 78? :EHCB 6BAB6< 7B 6B@B 8A98E@87478F GEBC<64?8F DH8 CH878A F8E 64HF474F CBE 6H4GEB G<CBF 78 C?4F@B7<BF ? G<8@CB 78 <A6H546<SA 78? C?4F@B7<B 78 ?4 @4?4E<4 6H4EG4A4 8F 78 4 7Q4F 8A8E4?@8AG8 8? C4?H7<F@B F8 6BAGE48 6BA ?4 C< 647HE4 78 HA @BFDH<GB ABC;8?8F ;8@5E4 <A986G47B 4HADH8 G4@5<PA 8F CBF<5?8 ?4 <A9866<SA 7<E86G4 78 C8E FBA4 4 C8EFBA4 4 GE4IPF 78? 9?H=B F4A:HQA8B %4 8IB?H 6<SA 78? 4:8AG8 8F 6B@C?8=4 78? <AG8FG<AB 78? @BFDH<GB 8FCBEBMBBF ??8:4 4 GE4IPF 78? 9?H=B F4A:HQA8B 4 ?4F 6P?H?4F 78? ;Q:47B L ?BF 8E<GEB6<GBF ;H@4ABF 8FDH<MB:BA<4 8A 7BA78 F8 E8CEB7H68 78 @4A8E4 4F8KH474 A ?4 F4A:E8 F8 9BE@4A ?4F 6P?H?4F F8KH4?8F :4@8GBF DH8 78F4EEB??4A 8A 8? F8AB 78? 4ABC;8?8F ;8@5E4 FH @47HE8M F8KH4? L ?4 986HA746<SA 78 ?4 DH8 FHE:8A AH8IBF 8FCBEBMBBF %4 EQG@<64 @H?G<C?<646<SA L ?4 6BAF86H8AG8 78FGEH66<SA 78 8E<GEB6<GBF 8F 8? BE<:8A 78 ?BF 4668FBF 78 9<85E8 ? C4?H7<F@B 8F ;BL 7Q4 HA4 8A98E@8747 GEBC<64? @HL 8KG8A7<74 8A 8? ??4@47B -8E 68E &HA7B !4 78FC4E86<7B CEO6G<64@8AG8 78 HEBC4 L 'BEG84@PE<64
C0282:@2 0.>60.@A>. 128 > 8<5;:?2 !.B2>.:
N 8; =A2 529;? 8824.1; PA GIN A 32
N ? 8; =A2 2?0>6/2: A Q UI . . . S.B.E.
%;> %?60 ';0I; %H>2E 62E %?60;@2>.<2A@. >;06; <2>2E 52?<.:;8 0;9
&H6;4F I868F =HFG<9<64@BF 8? 8AB=B 6H4A7B ABF ?4FG<@4A G4@5<PA 6H4A7B ;4L @<87B 6H?C4 L GE<FG8M4 8FGBF F8 CH878A 6BAI8EG<E 8A <E4 K<FG8 ?4 <E4 E846G<I4 DH8 6BEE8F CBA78 4 6H4A7B ABF 8AB=4@BF CBE DH8 ?4 BGE4 C8EFBA4 8FGO 8AB=474 CBE ?B DH8 PFG4 T?G<@4 F8 8AB=4 4TA @OF L ABFBGEBF G4@5<PA ;4FG4 DH8 I4 FH5<8A7B 8? A<I8? 78? 8AB=B ? 8AB=B CH878 46GH4E G4@5<PA 6B@B HA4 9BE@4 78 7898A78EABF L4 DH8 C4E86<8F8 DH8 AB FB@BF G4A IH?A8E45?8F B CBE ?B @8ABF AB F8 C8E6<58 ?B DH8 8F @8=BE I<FGB 8A ?4 FB6<8747 8F 4?:B 4CE8A7<7B ? CEB5?8@4 8F DHP ;468@BF 6BA G4AG4 <E4 L FB5E8 GB7B F< F8 I4 46H@H?4A7B 6474 I8M @OF L4 DH8 CH878 GE48E :E4I8F E8C8E6HF<BA8F %4F C8EFBA4F ABF 8@C<8M4A 4 I8E 7<98E8AG8F CBEDH8 ?BF E4F:BF 78 ?4 64E4 I4A 64@5<4A7B <A6?HF<I8 ABF CB78@BF I8E @8ABF 4GE46G<IBF )H878 ;458E 7B?BE 78 ?4 @4A7Q5H?4 FB5E8 GB7B F< AB 8F 8KCE8F47B 8? 8AB=B B?BE 78 6458M4 :4FGE<G<F 6B?<G<F G4@5<PA F8 4R478A 8A ?4 ?<FG4 %H8:B ?B DH8 B6HEE8 8F DH8 F8 46H @H?8 @OF ;4FG4 DH8 8A 4?:TA @B @8AGB 6B@8AM4@BF 4 E8DH8E<E @87<64@8AGBF ?BF 6H4?8F FB?B 4LH 74E4A 4 ?BF FQAGB@4F C8EB AB 4G464 8? CEB5?8@4 78 E4QM 6B@8AM4@BF 4 8FG4E 8A 64@4 ABF 8A98E@4@BF 6474 I8M @OF F8:H<7B L I4@BF :8 A8E4A7B 6H?C4 L ;4FG4 78CE8F<SA ,< AB ;468@BF A474 C4E4 GE454 =4E 6BA ?4 <E4 G4E78 B G8@CE4AB F4? 7EO 4 9?BG8 ? <:ABE4E AB 4LH74 78 A474 F<AB 4? 6BAGE4E<B ?B 8@C8BE4 CEB7H6<PA7BF8 B7<B E8F8AG<@<8AGB ;BFG<?<747 <EE<G45<?<747 L 4@4E:HE4 -B7BF ?BF F8AG<@<8AGBF 7858A F8E I<I<7BF 78 G4? 9BE@4 DH8 8FG8@BF 6BAF6<8AG8F 78 8??B L F458E DH8 C8A F4@<8AGB ?B 46B@C4R4 6BAG<AH4 6<SA F8 @8A6<BA4A 4?:HABF C4FBF C4E4 @4A8=4E 4F8EG<I4@8AG8 8? 8AB =B A Q UI . . . S. B. E.
)E<@8EB ;4L DH8 F8AG<E 8AB=B 74EABF 8? C8E@<FB AB G<8A8 A474 78 @4?B F HA4 E8466<SA 4AG8 HA4 F< GH46<SA DH8 F8 ABF CE8F8AG4 L ;4L DH8 F8AG<E?B 8 <78AG<9<64E?B C?8A4@8A G8 !4L DH8 F458E DH8 8? 8AB=B G4@ 5<PA 8F 8A8E:Q4 CBE ?B DH8 ;468E 8=8E 6<6<B :E<G4E?B ;45?4E?B FB5E8 GB7B 6BA C8EFBA4F 78 AH8FGE4 6BA9<4AM4 8F @HL ?<58E47BE ,< ABF 6H8FG4 GE454=B 8KCE8F4E?B CB78@BF 8F6E<5<E?B 8A HA4 ;B=4 B ?B CB78@BF ;468E 6B@B F< 9H8E4 HA4 64EG4 C4E4 4?:H<8A .A4 I8M 8KCE8F47B ;4L DH8 6BA GEB?4E 8? 8AB=B CBE @87<B 78 466<B A8F AB 78=4E DH8 ?4 <E4 ABF 6BAGEB?8 4 ABFBGEBF .FH4?@8AG8 ?4 8@B6<SA ??8I4 HA C8AF4@<8AGB ;4L DH8 <78A G<9<64E?B C4E4 F458E F< L4 ?B ;8@BF G8A<7B 4AG8E<BE@8AG8 L 74EABF 6H8A G4 F< C8EG8A868 4 HA C4GESA 8FCHPF 786<7<E DHP I4@BF 4 ;468E F< 8F A868F4E<B GB@4E HA4 786<F<SA F< ;4L DH8 6H5E<E 4?:HA4 A868F<747 B 4?:H A4 <AF4G<F9466<SA E86BE74A7B DH8 FB@BF E8FCBAF45?8F 78 AH8FGEBF 46GBF H4A7B ABF 8AB=4@BF FB?8 @BF 786<E @8 ;468F 8AB=4E 8A I8M 78 786<E @8 8AB=B CBE ?B DH8 :8 A8E4 DH8 AB ;4L4 E8FCBAF45<?<747
4?:HA4 <A78C8A7<8AG8@8AG8 78 DH8 HA G8E68EB ;4L4 G8A<7B HA 6B@CBE G4@<8AGB AB 4786H47B 2 9<A4?@8AG8 8I<G4E F8AG<E 6H?C4 L4 DH8 FB?B 78I4?T4 L :8A8E4 78CE8 F<SA CBE ?B DH8 ;4L DH8 ;468EABF E8FCBAF45?8F L GE454=4E 8A 8??B +8 FB?I8E 8? CEB5?8@4 F<A B98A78EABF A< ;H@<??4EABF 4 ABFBGEBF @<F@BF A< 4 A<A:TA G8E68EB ,8 CH878 G8A8E 6B @HA<646<SA F<A A868F<747 78 <AFH? G4E B :E<G4E ;468E?B 78 @4A8E4 4F8EG<I4 L 4CE8A7<8A7B 78 AH8FGEBF 8EEBE8F FG4E 6BAF6<8AG8F L 4A4?< M4E 6S@B @4A8=4A 8? 8AB=B ?4 94@< ?<4 DHP C4GEBA8F G<8A8A L DHP ;8 4CE8A7<7B CH878 4LH74E 4 6BAB68E L 4 GE454=4E 78 @8=BE @4A8E4 8FG4 8@B6<SA
P A G I N A 33
,H8A4 8? G8?P9BAB 8A ?4 64F4 78? E (EG8:4 ,Q 7Q:4@8 B6GBE 8F A868F4E<B DH8 I8A:4 HFG87 8AF8:H<74 ,BL ?4 F<EI<8AG4 78 ?4 94@<?<4 %SC8M FG4@BF I8 E4A84A7B 8A 8? CH85?B Y 2 DHP FH6878 )H8F @<E8 HFG87 ?4 F8 RBE4 F8 DH8=4 78 HABF G8EE<5?8F 7B?BE8F 78 6458M4 FH ;<=4 ;4 G8 A<7B HA 466<78AG8 78 4HGB @SI<? L 4? @4E<7B ?8 7H8?8 @H6;B ?4 T?68 E4 <8A 78@8 ?4 7<E866<SA F 8A 8? 6;4?8G DH8 F8 ??4@4 /<??4 ,4?H7 L DH8 8FGO 64@<AB 78? 68 @8AG8E<B .A E86?HG4 8A 8? 64@CB 78 8A GE8A4@<8AGB ? F4E:8AGB CBA8 4 GB7BF 8A 9<?4 9E8AG8 4 P? L BE78A4 ? DH8 F84 4A4?9458G4 DH8 7P HA C4FB 4? 9E8AG8 L 8? E86?HG4 DH8 8E4 78 CH85?B @HL BE:H??BFB 7O HA C4FB 4? 9E8AG8 Z S@B +B7EQ:H8M YGT 8E8F 4A4?9458G4 2 6BAG8FG4 @HL BE:H??BFB Z2 78 ?BF 5H8ABF .A @BMB 78? CH85?B I<4=4 4 &47E<7 CBE CE<@8E4 I8M ? 7B6GBE 78? CH85?B ?8 8A64E:S DH8 ?8 6B@ CE4E4 %BF -E8F &BFDH8G8EBF A 6H4AGB ??8:S 4 ?4 64C<G4? 8AGES 8A HA4 ?<5E8EQ4 L 6BAFH?G4A7B HA C4
C8? C<7<S %BF GE8F @BFDH8G8EBF %8 74A 8? ?<5EB L CE8:HAG4 Y HOA GB -E8<AG4 8HEBF )H8F 78@8 HAB FS?B DH8 FS?B G8A:B 7<8M 8HEBF .A CE46G<64AG8 ?8 CE8:HAG4 4 BGEB Y -T 6S@B 78G8A7EQ4F HA4 ;8@BEE4:<4 )H8F @HL F8A6<??B )E<@8EB ?4 FH=8GB 5<8A ?4 <A@BI<?<MB L @<8AGE4F ?8 CBA:B ?4F 8FCBF4F ?8 7<:B DH8 F8 4A78 6BA 6H<747B DH8 6BA@<:B AB F8 =H8 :4 %4 @4@O 4 )8C<GB ] GT 8747 LB AB 786Q4 @8AG<E4F ] )H8F Y4 DHP 8747 8@C8M4FG8 @4@O ? C4CO 8FGO I<FG<8A7B 4 FH ;< =<G4 78 GE8F 4RBF Y SA78 CBA8 @4@O ?BF 64?68G<A8F DHQ C4C4 E8FCBA78 ?4 C8DH8R4 F8R4?4A7B FHF C<8F .A 6BAG47BE CT5?<6B E8FCBA7<S 4? 4AHA6<B 8A DH8 6<8EG4 8@CE8F4 FB?<6<G454 4 HA4 C8EFBA4 78 FH 8F C86<4?<747 C4E4 B6HC4E HA CH8F GB ? 9<A4? 78 ?4 8AGE8I<FG4 8? CE8 F<78AG8 ?8 C<7<S )BET?G<@B 7Q:4 @8 6HOAG4F FBA K 'H8FGEB ;B@5E8 DH87S C8AF4G<IB HA @B @8AGB L 6BAG8FG4 24 8A FH 64F4 I8E<9<64 8A FH 64? 6H?47BE4 L ??8:S 4 ?4 6BA6?HF<SA 78 DH8 ;45Q4 C8E7<7B 8? 8@C?8B )8EB 6HO? AB 9H8 FH FBECE8F4 6H4A7B 4 ?4 IH8?G4 78 7BF F8@4A4F ?8 ABG<9<
64EBA DH8 785Q4 CE8F8AG4EF8 4 GE4 54=4E ? ;B@5E8 ?8 CE8:HAGS 4? CE8 F<78AG8 CBE DHP ?B ;45Q4 8?8:<7B ;45<8A7B 6BAG8FG47B @4? %4 E8F CH8FG4 9H8 .FG87 9H8 8? DH8 @OF F8 468E6S 4? E8FH?G47B 6BEE86GB B6GBE 7Q:4@8 F<A EB78BF 8A 6E<FG<4AB ?4 8A98E@8747 DH8 C478M6B )H8F C47868 HFG87 78 4?6B ;B?<F@B 4:H7B <8A CH8F 4;BE4 7Q:4@8?B 8A ?4GQA C4E4 786QEF8?B 4 @< F8RB E4 A HA4 8@CE8F4 F8 8FGOA E84 ?<M4A7B 8KO@8A8F 78 47@<F<SA 4 CH8FGBF 78 GE454=B 8A ?4 B9<6<A4 Y,458 HFG87 G4DH<:E49Q4 F6E<5<E?4 AB C8EB ?4 ;45?B 6B EE86G4@8AG8
,BA 4DH8??BF @87<64@8AGBF DH8 4@BEG<:H4A B 8?<@<A4A 8? 7B?BE F<A CEBIB64E CPE7<74 78 6BA6<8A6<4 A< 785<?<G4@<8AGBF 78 BGE4F F8AF4 6<BA8F 4 7<98E8A6<4 78 ?BF 4A8FGPF<6BF DH8 ;468A 78F4C4E868E 6H4? DH<8E F8AF46<SA .A G<CB 78 4A4?:PF<6B @HL CBG8AG8 8F ?4 @BE9<A4 %BF 4A4?:PF<6BF 4AG<C<EPG<6BF CEB7H68A HA 8986GB @8ABE DH8 ?BF 78? G<CB 78 ?4 @BE9<A4 C8EB 46GT4A 478@OF FB5E8 8? 68AGEB 78 E8:H?4 6<SA 78? 64?BE 78? 6H8ECB *H<MO 8? 4AG<C<EPG<6B @OF 6BAB6<7B 8E4 8? O6<7B 468G<?F4?<6Q?Q6B 8F 786<E ?4 4FC<E<A4 PA GIN A 34
A Q UI . . . S.B.E.
(A 9.1>2 <>24A:@. ?6 12?<AH? 12 =A6@.>82 8.? .9I4 1.8.? <A212 0;>@.>82 28 <28;
".>6; ".@A>.:. !K<2E 2:2>; 12 (> .:628 (AG>2E %>2?612:@2 &< AB@5E8 8F &4E<B &4GHE4A4 %SC8M 78 4RBF ? 4RB C4F47B 8FGHI8 <AG8EA47B 8A 8? !BFC<G4? FC4 RB? @HL :E4I8 B6;B @8F8F 8A -8E4C<4 "AG8AF<I4 L
8A C<FB L :E46<4F 4 ?4 64C46<747 C46<8A6<4 L ;H@4 A<F@B 78 ?BF 7B6GBE8F 8EA4A7B ,B?4A4 +<64E7B &4EGQA8M L GB7B 8? C8EFBA4? 78? !BFC<G4? ;BL :E4 6<4F 4 <BF @8 8A6H8AGEB 5<8A 6BA ?4 94@<?<4 8A %8SA GB )BE G4? @BG<IB DH<8EB 98?<6<G4E?BF L 4:E478 68E?8F ?4F 4G8A6<BA8F E86<5<74F 6B@B 8A98E@B L 6B@B C8EFBA4 CBE DH<8A8F @8 4G8A7<8EBA 8A -8E4 C<4 "AG8AF<I4 ?B @<F@B DH8 4 ?4F 4@4F /B?HAG4E<4F 78? @8A6<BA47B 78C4EG4@8AGB L 4 GB7B 8? 89<6<8AG8 C8EFBA4? 78 B C<FB %8F 78F8B 4 GB7BF HA 98?<M 4RB 986GHBF4@8AG8 ".>6; ".@A>.:. !K<2E D 3.9686. FG8 @8AF4=8 9H8 E86<5<7B CBE 94685HH> A Q UI . . . S. B. E.
-;8 FG499 ;8E8 4G G;8 ;BFC<G4? ;4I8 588A 8K68CG<BA4? -;8 7B6GBEF ;4I8 588A 5E<??<4AG 9EB@ G;8 8@8E:8A6L EBB@ G;EBH:; GB 7<F6;4E:8 GB74L -;8 E84? FG4EF ;4I8 588A G;8 AHEF8 G84@ 4G G;8 G; 9?BBE ,B ><A7 9HAAL CEB98FF<BA4? 4A7 @478 G;8 8KC8E<8A68 FB @H6; 58GG8E 2BH ;4I8 4 JBA78E9H? G84@ ;8E8 )?84F8 ?BB> 49G8E G;8@ &4AL G;4A>F '8<? EH@C 'BI8@58E G; > 6 6 /;?3:9 ./ ><+,+49 +;?F /8 /6 9=:3>+6 2+ =3.9 /A-/:-398+6 9= 7E.3-9= 0?/<98 ,<366+8>/= ./=./ /6 %/<@3-39 ./ '<1/8-3+= 2+=>+ ;?/ 0?3 .+.9 ./ +6>+ /6 .F+ ./ 29B += @/<.+./<+= /=></66+= =98 /6 /;?3:9 ./ /80/< 7/<+= ./6 9 :3=9 ?/<98 >+8 +7+,6/= =37:D>3-+= B :<90/=398+6/= ;?/ 23-3/<98 ./ /=>+ /A:/<3/8-3+ +619 7?-29 7/49< &3/8/8 +;?F ?8 /;?3:9 7+<+@3669=9 #9< 0+@9< -?3 ./8 ./ /669= ?-2+= 1<+-3+= !/36 <?7: P A G I N A 35
+/ $.7#& / )7/ !" ( &),".& ( +("!+
PA GIN A 36
A Q UI . . . S.B.E.