Auktion 105 Künker by Fritz Rudolf Kuenker GmbH & Co. KG

'7412 +5%*' )1.&/ª0<'0 70& /'&#+..'0

1001

1001 1002

#.$#0+'0

<QIW + (TCPMGP 8 9KGP 5MCPFGTDGI I (GKPIQNF (D 5EJN 9KP\ 4CPFHGJNGT XQT\ÒINKEJp5VGORGNINCP\

5Q\KCNKUVKUEJG 4GRWDNKM .GMG 2CTKU -QRH FGT UQIGPCPPVGP )ÌVVKP XQP $WVTKPVQ XQT 1FG QPVJGCVGT I (GKPIQNF /KV )GIGPUVGORGN 14 WPF (ÒNNJQTP T PGDGP .'-' QJPG )GIGPUVGO RGN OKV #PICDG FGU (GKPIGJCNVU N PGDGP .'-' (D \W 5EJN \W 8QP ITQGT 5GNVGPJGKV 2QNKGTVG 2NCVVG

1005

1004

1003

.GMG 2CTKU $·WGTKP DGK FGT 9GKPNGUG I (GKPIQNF /KV )GIGPUVGORGN WPF (ÒNNJQTP T PGDGP .'-' QJPG )GIGPUVGORGN OKV #PICDG FGU (GKPIGJCNVU N PGDGP .'-' (D \W 5EJN \W 8QP ITQGT 5GNVGPJGKV 2QNKGTVG 2NCVVG

.GMG 2CTKU #TIKTQECUVTWO I (GKPIQNF /KV )GIGPUVGORGN WPF (ÒNNJQTP T PGDGP .'-' QJPG )GIGPUVGORGN OKV #PICDG FGU (GKPIGJCNVU N PGDGP .'-' (D \W 5EJN \W 8QP ITQGT 5GNVGPJGKV 2QNKGTVG 2NCVVG

.GMG 2CTKU I (GKPIQNF 4QVIQNF YGKVG 4CPFTKHHGNWPI /KV )GIGPUVGORGN WPF (ÒNNJQTP T PGDGP .'-' (D 5EJN 0WT 'ZGORNCTG IGRT·IV 2QNKGTVG 2NCVVG

1007 1006

1006

$4#$#06

$'.)+'0

#NDGTV WPF +UCDGNNC &WMCVGP Q , #PVYGTRGP I &GNO (D .GKEJV IGYGNNV UGJT UEJÌPpXQT\ÒINKEJ

(.#0&'40

.WFYKI XQP /CNG FG XKGKNNG EJCKUG F QT Q , I &GNO 4 (D 4 (CUV UGJT UEJÌP

1008

1009

2JKNKRR FGT )WVG %CXCNKGT F QT Q , )GPV I )TCH TGKVGV OKV GTJQDGPGO 5EJYGTV 8KGTHGNFKIGU 9CRRGP OKV /KVVGNUEJKNF CWH $NWOGPMTGW\ &GNO (D #VVTCMVKXGU HCUV XQT\ÒINKEJGU 'ZGORNCT

0QDNG Q , )GPV I &GT IGMTÌPVG WPF IGJCTPKUEJVG -ÌPKI X X KP 5EJKHH CWH 9GNNGP KP FGT 4GEJVGP 5EJYGTV OKV FGT .KPMGP FGP XKGTHGNFKIGP 5EJKNF XQT UKEJ JCNVGPF /KV -TQPGP $NÒVGP WPF .ÌYGP XGT\KGTVGU -TGW\ KP #EJVRC KP FGT /KVVG FGU -TGW\GU GKPG 4QUGVVG &GNO 4 (D 5GJT UEJÌP

1010

-CTN +++ 8+ )QNFGPGU /GFCKNNQP \W &WMCVGP XQP 2 4QGVVKGTU CWH FKG )GDWTV FGU 'T\JGT\QIGU .GQRQNF %#41.85 8+ +/2'4#614 (.#0&4+ %1/'5 Û &TCRKGTVG $ÒUVG -CTNU 8+ T FCTWPVGT 2* 41'66 +70 ( )'075 +//146#.' /#0'6 &KG -CKUGTKP P·JGTV UKEJ FGO JGKNKIGP .GQRQNF CWH GKPGT 9QNMG UKV\GPF WPF FGP 0GWIGDQTGPGP JCNVGPF N FCXQP UEJYGDV FKG JGKNKIG /CTICTGVJC XQP #PVKQEJKC KJTGP NKPMGP #TO UEJÒV\GPF ÒDGT FCU -KPF JCNVGPF ICP\ QDGP FKG JGKNKIG ,WPIHTCW OKV FGO ,GUWUMKPF WPVGP FGT 5EJKNF XQP $TÒIIG OKV FGP +PKVKCNGP 5 Û 2 Û 3 Û ( Û 5GPCVWU RQRWNWUSWG (TCPEQPCVGPUKU KO #DUEJPKVV +PUEJTKHV OKV %JTQPQITCOO .'121.&75 Û ' Û 21.1 Û 241&++6 +&+$75 Û #24+.+5 Û OO I #NDGTV 8KUCTV FG $QECTO¾ &GWZ O¾FCKNNGU HTCRR¾GU RQWT NG (TCPE FG $TWIGU 4GXWG DGNIG FG 0WOKUOCVKSWG 5 0T 5NI ,WNKWU 5NI /QPVGPWQXQ 8QP ITÌVGT 5GNVGPJGKV 8GTOWVNKEJ \YGKVGU DGMCPPVGU 'ZGORNCT 2TCEJVGZGORNCT XQP UEJÌPUVGT 'TJCNVWPI 8QT\ÒINKEJ 5VGORGNINCP\ &KGUG RTCEJVXQNNG WPF YQJN PWT KP \YGK 'ZGORNCTGP DGMCPPVG )QNFRT·IWPI GPVUVCPF CPN·NKEJ FGT )GDWTV FGU 'T\JGT \QIGU .GQRQNF CO #RTKN 5GKP CWH FGT 8QTFGTUGKVG CDIGDKNFGVGT 8CVGT YCT UGKV CNU -CTN +++ -ÌPKI XQP 5RCPKGP WPF MGJTVG PCEJ FGO XÌNNKI WPGTYCTVGVGP 6QF UGKPGU $TWFGTU ,QUGH CWU FGO 5RCPKUEJGP 'TDHQNIGMTKGI \W TÒEM WO FKG 4GIKGTWPI FGT ÌUVGTTGKEJKUEJGP 'TDNCPFG CP\WVTGVGP WPF UKEJ \WO FGWVUEJGP -CKUGT -CTN 8+ Y·JNGP \W NCUUGP $GTGKVU T·WOVG FGT -CKUGT KP FGT WOUVTKVVGPGP 2TCIOCVKUEJGP 5CPMVKQP UGKPGP GKIGPGP 6ÌEJVGTP HCNNU GT MGKPG 5ÌJPG JCDGP UQNNVG FKG 'TDHQNIG XQT FGP 6ÌEJVGTP ,QUGHU + GKP #NU GKPG HNCPFTKUEJG &GNGICVKQP /KVVG (GDTWCT KP 9KGP GKPVTCH YCT -CKUGTKP 'NKUCDGVJ %JTKUVKPC XQP $TCWPUEJYGKI $NCPMGPDWTI OKV FGT -CTN 8+ UGKV XGTJGKTCVGV YCT JQEJUEJYCPIGT /CP UVGNNVG HGUV FC OCP KP 9KGP MGKPG 4GNKSWKG FGT JGKNKIGP /CTICTGVJC XQP #PVKQEJKC FGT 2CVTQPKP FGT 5EJYCPIGTGP DGUC 'KP )GKUVNKEJGT FGT $TÒIIGT &GNGICVKQP NKG WOIGJGPF GKP 5VÒEM FGT *CPF /CTICTGVJCU JGTDGKUEJCHHGP FCU CNU 4GNKSWKG KP FGT &KÌ\GUG $TÒIIG CWHDGYCJTV YWTFG &KG (TGWFG ÒDGT FKG GTHQNITGKEJG )GDWTV CO #RTKN YCT DGUQPFGTU ITQ YGKN GU OKV 'T\JGT\QI .GQRQNF PWP FQEJ FGP NCPIGT UGJPVGP 6JTQPHQNIGT ICD $TÒIIG WPF FKG )TCHUEJCHV (NCPFGTP FKG UKEJ YGIGP FGT $GUEJCHHWPI FGT 4GNKSWKG CNU *GNHGT FGT IGINÒEMVGP )GDWTV XGTUVCPFGP DGCWHVTCIVGP FGP DGICDVGP -ÒPUVNGT 2JKNKRRG 4QGVVKGTU OKV FGT *GTUVGNNWPI FKGUGU JGTTNKEJGP /GFCKNNQPU FCU CWH FGT 4ÒEMUGKVG CWUFTÒEMNKEJ FKG 'NGOGPVG FGT )GDWTVUJKNHG GPVJ·NV FKG 2CVTQ PKP FGT 5EJYCPIGTGP FKG JGKNKIG /CTICTGVJC FGP 0COGPURCVTQP FGT JGKNKIG .GQRQNF FKG JGKNKIG ,WPIHTCW FKG /WVVGT 'NKUCDGVJ %JTKUVKPC WPF FGP 5EJKNF XQP $TÒIIG &KG (TGWFG ÒDGT FGP JQHHPWPIUXQNNGP 6JTQPHQNIGT Y·JTVG LGFQEJ PKEJV NCPIG 'T\JGT\QI .GQRQNF YWTFG PKEJV GKPOCN UKGDGP /QPCVG CNV GT UVCTD DGTGKVU CO 0QXGODGT &CU UEJÌPG WPF GZVTGO UGNVGPG $CTQEMOGFCKNNQP FCU CWEJ KP <WUCOOGPJCPI OKV FGO ¤UVGTTGKEJKUEJGP 'TDHQNIGMTKGI IGUGJGP YGTFGP MCPP KUV GKP GKPFTWEMUXQNNGU &QMWOGPV FGT GWTQR·KUEJGP )GUEJKEJVG FGU ,CJTJWPFGTVU

1011

.ª66+%*

,QJCPP XQP *GKPUDGTI )QNFIWNFGP Q , 2QUVWNCVUIQNFIWNFGP I 9CRRGPUEJKNF KP &TGKRC 5V .CODGTVWU UVGJV X X OKV /KVTC UGIPGPFGT 4GEJVGP WPF -TWOOUVCD (D &GNO

4 /KIPQNGV 8QP ITÌVGT 5GNVGPJGKV 8GTOWVNKEJ DGMCPPVGU 'ZGORNCT -N 2T·IGUEJY·EJG UGJT UEJÌP &GT XQTNKGIGPFG )QNFIWNFGP FGU $KUEJQHU ,QJCPP XQP *GKPUDGTI IGJÌTV \W FGP ITQGP 5GNVGPJGKVGP WPVGT FGP .ÒVVK EJGT /ÒP\GP ,QJCPP YCT CO ,WPK XQO .ÒVVKEJGT &QOMCRKVGN GKPUVKOOKI \WO $KUEJQH IGY·JNV YQTFGP FKG $KUEJQHUYGKJG GTJKGNV GT CO /·T\ 5GKPG 4GIKGTWPIU\GKV YCT XQP FGT #WUGKPCPFGTUGV\WPI OKV FGO $WTIWP FGTJGT\QI 2JKNKRR FGO )WVGP IGRT·IV FGT UGKP )GDKGV CWEJ CWH -QUVGP FGU $KUVWOU XGTITÌGTP YQNNVG +O ,CJT GTMN·TVG FGT $KUEJQH FGO *GT\QI FGP -TKGI WPF KPPGTJCND YGPKIGT /QPCVG YWTFGP KP FGT 4GIKQP ÒDGT &ÌTHGT XGTYÒUVGV 6TQV\ OKNKV·TKUEJGT 'THQNIG OWVG ,QJCPP XQP *GKPUDGTI KP GKPGP GTPKGFTKIGPFGP (TKGFGP GKPYKNNKIGP WPF *GT\QI 2JKNKRR KP $TÒUUGN MPKGPF WO 8GT\GKJWPI DKVVGP +P FGT (QNIG UEJNQ UKEJ FGT $KUEJQH KOOGT GPIGT CP FGP $WTIWPFGT CP WPF XGTNQT FCFWTEJ KOOGT OGJT CP 2QRWNCTKV·V WPF 4ÒEMJCNV KP FGT $GXÌNMGTWPI 0CEJ OGJTGTGP 8GTUEJYÌTWPIGP TGUKIPKGTVG ,QJCPP CO 0QXGODGT XÌNNKI ÒDGTTCUEJGPF ņ XGTOWVNKEJ CWH &TWEM 2JKNKRRU FGU )WVGP ņ \WIWPUVGP XQP .QWKU FG $QWTDQP GKPGO 0GHHGP FGU $WTIWPFGTJGT\QIU +P FGT DGFGWVGPFGP 5COONWPI 2KCV #WMVKQP &WRTKG\ $TÒUUGN DGHCPF UKEJ WPVGT 0T GKP GKP\KIGU 'ZGORNCT FKGUGU )WNFGPU OKV FGO *KPYGKU UGWN GZGORNCKTG EQPPW GKP\KIGU DGMCPPVGU 'ZGORNCT &CU 5VÒEM GT\KGNVG FGP GPQTOGP <WUEJNCIURTGKU XQP (TCPEU

1012

-¤0+)4'+%*

2JKNKRRG 8+ #PIG F QT Q , 'OKUUKQP I &GT IGMTÌPVG 'T\GPIGN /KEJCGN UVGJV X X WPVGT GKPGO $CNFCEJKP WPF UVÌV OKV FGT 4GEJVGP GKPGP -TGW\UVCD CWH FGP CO $QFGP NKGIGP FGP &TCEJGP FKG .KPMG NGJPV CWH FGO .KNKGPUEJKNF $NWOGPMTGW\ KP 8KGTRC KP FGP 9KPMGNP LG GKPG -TQPG &WRNGUU[ (D 44 5GJT UEJÌP

1013

(4#0-4'+%*

1014

1015

'EW F QT ¯ NC EJCKUG Q , 'OKUUKQP I -ÌPKI UKV\V X X CWH IQVKUEJGO 6JTQP OKV 5EJYGTV WPF 9CRRGPUEJKNF $NWOGPMTGW\ KP 8KGTRC KP FGP 9KPMGNP LG GKP &TGKDNCVV &WRNGUU[ # (D 5GJT UEJÌP

%JCKUG F QT Q , ,WNK I )GMTÌPVGT -ÌPKI UKV\V X X OKV <GRVGT WPF *CPF FGT )G TGEJVKIMGKV WPVGT IQVKUEJGO $CNFCEJKP $NWOGPMTGW\ KP 8KGTRC KP FGP 9KPMGNP LG GKPG -TQPG &WRNGUU[ (D 44 8QT\ÒINKEJGU 2TCEJVGZGORNCT

,GCP NG $QP /QWVQP F QT Q , I 1UVGTNCOO N FGP -QRH \WTÒEMIGYCPFV FCJKPVGT -TGW\HCJPG WPVGP IOh ReX $NWOGPMTGW\ KP XGT\KGTVGO 8KGTRC KP FGP 9KPMGNP FGU -TGW\GU WPF FGU 8KGTRCGU LG GKPG .KNKG &WRNGUU[ (D 5GJT UEJÌPpXQT\ÒINKEJ 11

1016

1017

(TCPE ¯ EJGXCN Q , I &WRNGUU[ (D 5GJT UEJÌP %JCTNGU 8 (TCPE ¯ RKGF Q , I &WRNGUU[ (D 5GJT UEJÌPpXQT\ÒINKEJ

1018

1019

1020

(TCPE ¯ RKGF Q , I &WRNGUU[ (D 'VYCU MPCRRGT 5EJTÌVNKPI UGJT UEJÌPpXQT\ÒINKEJ

(TCPE ¯ RKGF Q , I &WRNGUU[ (D (TCPE ¯ RKGF Q , I &WRNGUU[ (D

1021

1022

'VYCU MPCRRGT 5EJTÌVNKPI UGJT UEJÌP 5GJT UEJÌP

1023

1024

(TCPE ¯ RKGF Q , I &WRNGUU[ # (D (TCPE ¯ RKGF Q , I &WRNGUU[ (D (TCPE ¯ RKGF Q , I &WRNGUU[ (D

5GJT UEJÌP 5GJT UEJÌP 5EJÌPpUGJT UEJÌP

%JCTNGU 8+ 'EW F QT ¯ NC EQWTQPPG Q , I &WRNGUU[ # (D 5GJT UEJÌPpXQT\ÒINKEJ

1026

1025

'EW F QT ¯ NC EQWTQPPG Q , I &WRNGUU[ # (D $TGKVGT NGKEJV IGYGNNVGT 5EJTÌVNKPI UGJT UEJÌP

%JCTNGU 8++ 'EW F QT ¯ NC EQWTQPPG Q , 6[R 'OKUUKQP /QPVRGNNKGT I &WRNGUU[ (D $TGKVGT 5EJTÌVNKPI UGJT UEJÌP

1028

1027

1029

'EW F QT ¯ NC EQWTQPPG Q , 6[R 'OKUUKQP /QPVRGNNKGT I &WRNGUU[ $ (D (CUV XQT\ÒINKEJ

%JCTNGU 8+++ 'EW F QT CW UQNGKN Q , 'OKUUKQP 2QKVKGTU I &WRNGUU[ # (D -N &QRRGNUEJNCI UGJT UEJÌP

.QWKU :++ 'EW F QT CW UQNGKN Q , 5CKPV 2QWT¼CKP I &WRNGUU[ (D 7PDGFGWVGPFG 2T·IGUEJY·EJG UGJT UEJÌP

1030

1031

1032

1033

'EW F QT CW UQNGKN Q , 6QWNQWUG I &WRNGUU[ (D 5GJT UEJÌPpXQT\ÒINKEJ 'EW F QT CW RQTE ¾RKE Q , $QWTIGU I &WRNGUU[ (D 5GJT UEJÌP 'EW F QT CW RQTE ¾RKE FG $TGVCIPG Q , 0CPVGU I &WRNGUU[ (D 4 5GJT UEJÌP

(TCP¼QKU + 'EW F QT ¯ NC ETQKUGVVG Q , 6[R 4 5CKPV #PFT¾ FG 8KNNGPGWXG N¾U #XKIPQP I &WRNGUU[ (D -PCRRGT 5EJTÌVNKPI XQT\ÒINKEJ

1035

1034

1036

1037

%JCTNGU +: 'EW F QT CW UQNGKN $ 4QWGP I &WRNGUU[ (D 5GJT UEJÌP 'EW F QT CW UQNGKN $ 4QWGP I &WRNGUU[ (D 5GJT UEJÌPpXQT\ÒINKEJ

.QWKU :+++ 'EW F QT CW UQNGKN $ 4QWGP I &WRNGUU[ # (D )CFQWT[ 2T·IGUEJY·EJG UGJT UEJÌP

'EW F QT CW UQNGKN $ 4QWGP I &WRNGUU[ # (D )CFQWT[

1038

8QT\ÒINKEJ

1039

.QWKU F QT # 2CTKU I &WRNGUU[ (D )CFQWT[

(CUV XQT\ÒINKEJ

.QWKU F QT # 2CTKU I &WRNGUU[ (D )CFQWT[ /KP $GCTDGKVWPIUURWTGP CO 4CPF UGJT UEJÌP

1041

1040

.QWKU F QT # 2CTKU I &WRNGUU[ (D )CFQWT[ 9KP\ -TCV\GT HCUV XQT\ÒINKEJ

.QWKU F QT # 2CTKU I &WRNGUU[ (D )CFQWT[

1042

1043

1044

5GJT UEJÌP

1045

.QWKU F QT # 2CTKU I &WRNGUU[ (D )CFQWT[

.QWKU F QT # 2CTKU I &WRNGUU[ (D )CFQWT[ 9KP\ 2TQDKGTURWT UGJT UEJÌP

.QWKU F QT # 2CTKU I &WRNGUU[ (D )CFQWT[

.QWKU :+8 .QWKU F QT ¯ NC O½EJG NQPIWG # 2CTKU I &WRNGUU[ (D )CFQWT[ 5GJT UEJÌP

5GJT UEJÌP -N -TCV\GT UGJT UEJÌP

1046

1047

1048

1049

.QWKU F QT ¯ NC O½EJG NQPIWG & .[QP I &WRNGUU[ (D )CFQWT[ 9KP\ ,WUVKGTURWTGP CO 4CPF XQT\ÒINKEJGU 'ZGORNCT

.QWKU F QT ¯ N ¾EW + .KOQIGU I 4¾HQTOCVKQP &WRNGUU[ # (D )CFQWT[ 4 5GJT UEJÌP

.QWKU F QT CWZ JWKV . GV CWZ KPUKIPGU ' 6QWTU 4¾HQTOCVKQP I &WRNGUU[ # (D )CFQWT[ ªDGTRT·IWPIUURWTGP UGJT UEJÌP

&QWDNG NQWKU F QT CW UQNGKN . $C[QPPG I -QRH T OKV .QTDGGTMTCP\ 8KGT IGMTÌPVG &QRRGN OQPQITCOOG KPU -TGW\ IGUVGNNV KP FGP 9KPMGNP LG GKPG .KNKG KO <GPVTWO 5QPPG &WRNGUU[ (D )CFQWT[ 44 8QTFGTUGKVG LWUVKGTV CVVTCMVKXGU UGJT UEJÌPGU 'ZGORNCT

1051

1050

.QWKU :8 .QWKU F QT FG 0QCKNNGU # 2CTKU I )GMTÌPVG $ÒUVG N OKV NCPIGP YGNNKIGP *CCTGP 8KGT IGMTÌPVG 9CRRGP KPU -TGW\ IGUVGNNV KP FGP 9KPMGNP LG GKPG .KNKG &WRNGUU[ (D FQTV KTTVÒONKEJ .QWKU F QT )CFQWT[ 4 5GJT UEJÌPpXQT\ÒINKEJ

.QWKU F QT FG 0QCKNNGU # 2CTKU I )GMTÌPVG $ÒUVG N OKV NCPIGP IGYGNNVGP *CCTGP 8KGT IGMTÌPVG 9CRRGP KPU -TGW\ IGUVGNNV KP FGP 9KPMGNP LG GKPG .KNKG &WRNGUU[ (D FQTV KTTVÒONKEJ .QWKU F QT )CFQWT[ 44 2TCEJVGZGORNCT 5VGORGNINCP\

1052

1053

1054

1056

.QWKU F QT ¯ NC ETQKZ FW 5CKPV 'URTKV & .[QP I &WRNGUU[ (D )CFQWT[ 9KP\ 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

.QWKU F QT CWZ NWPGVVGU # 2CTKU I &WRNGUU[ (D )CFQWT[ .QWKU F QT CWZ NWPGVVGU # 2CTKU I &WRNGUU[ (D )CFQWT[

.QWKU F QT CWZ NWPGVVGU $$ 5VTCDWTI I &C\W .QWKU F QT CW DCPFGCW # 2CTKU I &WRNGUU[ (D )CFQWT[ 5VÒEM $GKFG 5VÒEMG OKV -TCV\GTP HCUV UGJT UEJÌP

.QWKU F QT CWZ NWPGVVGU - $QTFGCWZ I &WRNGUU[ (D )CFQWT[ 9KP\ 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

8QT\ÒINKEJ 5GJT UEJÌP

1057

1058

1059

.QWKU F QT CWZ NWPGVVGU . $C[QPPG I &WRNGUU[ (D )CFQWT[ -N &TWEMUVGNNG CWH FGT 8QTFGTUGKVG UGJT UEJÌP

.QWKU F QT CWZ NWPGVVGU 2 &KLQP I &WRNGUU[ (D )CFQWT[ 'VYCU DGTKGDGP OKP LWUVKGTV UGJT UEJÌP

.QWKU F QT CWZ NWPGVVGU ' 6QWTU I &WRNGUU[ (D )CFQWT[

1060

1061

1062

5GJT UEJÌP

1063

.QWKU F QT CW DCPFGCW # 2CTKU I &WRNGUU[ (D )CFQWT[ -TCV\GT WPF MN 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

.QWKU F QT CW DCPFGCW # 2CTKU I &WRNGUU[ (D )CFQWT[ 8QTFGTUGKVG OKP LWUVKGTV XQT\ÒINKEJ

.QWKU F QT CW DCPFGCW # 2CTKU I &WRNGUU[ (D )CFQWT[ $TGKVGT 5EJTÌVNKPI HCUV XQT\ÒINKEJ

1064

1065

1066

1067

.QWKU F QT ¯ NC XKGKNNG V¿VG # 2CTKU I &WRNGUU[ (D )CFQWT[ 4 5GJT UEJÌP

&QWDNG NQWKU F QT CW DCPFGCW /ÒP\\GKEJGP 4GPPGU I &WRNGUU[ (D )CFQWT[ 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

.QWKU :8+ &QWDNG NQWKU F QT CWZ NWPGVVGU + .KOQIGU I )GJCTPKUEJVGU $TWUV DKNF N <YGK CPGKPCPFGTIGNGJPVG QXCNG 9CRRGP FCTÒDGT -TQPG &WRNGUU[ (D )CFQWT[ 4 ªDNKEJG 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

.QWKU F QT ¯ NC V¿VG PWG # 2CTKU I &WRNGUU[ (D )CFQWT[

5GJT UEJÌP

1068

1069

&QWDNG NQWKU F QT ¯ NC V¿VG PWG # 2CTKU I &WRNGUU[ (D )CFQWT[ 9KP\ ,WUVKGTURWTGP CWH FGT 4ÒEMUGKVG XQT\ÒINKEJ

&QWDNG NQWKU F QT ¯ NC V¿VG PWG & .[QP I &WRNGUU[ (D )CFQWT[ 5GJT UEJÌP

1071

1070

1072

1073

&QWDNG NQWKU F QT ¯ NC V¿VG PWG + .KOQIGU I &WRNGUU[ (D )CFQWT[ 5GJT UEJÌP XQT\ÒINKEJ

&QWDNG NQWKU F QT ¯ NC V¿VG PWG + .KOQIGU I &WRNGUU[ (D )CFQWT[ 5GJT UEJÌP

&QWDNG NQWKU F QT ¯ NC V¿VG PWG - $QTFGCWZ I &WRNGUU[ (D )CFQWT[ 5GJT UEJÌP XQT\ÒINKEJ

1074

1075

&QWDNG NQWKU F QT ¯ NC V¿VG PWG - $QTFGCWZ I &WRNGUU[ (D )CFQWT[ 5GJT UEJÌPpXQT\ÒINKEJ

&QWDNG NQWKU F QT ¯ NC V¿VG PWG 0 /QPVRGNNKGT I &WRNGUU[ (D )CFQWT[ 8QT\ÒINKEJ

1076

1077

&QWDNG NQWKU F QT ¯ NC V¿VG PWG 6 0CPVGU I &WRNGUU[ (D )CFQWT[ 9KP\ 5VGORGNHGJNGT CO 4CPF XQT\ÒINKEJp5VGORGNINCP\

&QWDNG NQWKU F QT ¯ NC V¿VG PWG 6 0CPVGU I &WRNGUU[ (D )CFQWT[ 9KP\ -TCV\GT XQT\ÒINKEJ

1078

1079

1081

1080

&QWDNG NQWKU F QT ¯ NC V¿VG PWG 6 0CPVGU I &WRNGUU[ (D )CFQWT[ 5GJT UEJÌP XQT\ÒINKEJ

.QWKU F QT ¯ NC V¿VG PWG # 2CTKU I &WRNGUU[ (D )CFQWT[

8QT\ÒINKEJ

&QWDNG NQWKU F QT ¯ NC V¿VG PWG - $QTFGCWZ I &WRNGUU[ (D )CFQWT[ 5GJT UEJÌP

.QWKU F QT ¯ NC V¿VG PWG & .[QP I &WRNGUU[ (D )CFQWT[

1084

1082

5GJT UEJÌP

1083

1085

.QWKU F QT ¯ NC V¿VG PWG + .KOQIGU I &WRNGUU[ (D )CFQWT[ .QWKU F QT ¯ NC V¿VG PWG + .KOQIGU I &WRNGUU[ (D )CFQWT[

8QT\ÒINKEJ 8QT\ÒINKEJ

&QWDNG NQWKU F QT ¯ NC V¿VG PWG # 2CTKU I &WRNGUU[ (D )CFQWT[ 5GJT UEJÌP

%QPXGPVKQP .KXTGU #0 ++ # 2CTKU I 9GTV KP 'KEJGPMTCP\ )GPKWU UVGJV T WPF UEJTGKDV FKG 8GTHCUUWPI CWH GKPG 6CHGN N .KMVQTGPDÒPFGN T FGT )CNNKUEJG *CJP (D )CFQWT[ /C\CTF 5EJN 44 5GJT UEJÌPpXQT\ÒINKEJ

1086

1087

%QPUWNCV (TCPEU #0 # 2CTKU I (GKPIQNF (D )CFQWT[ /C\CTF 5EJN 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 8QT\ÒINKEJ

(TCPEU #0 # 2CTKU I (GKPIQNF (D )CFQWT[ /C\CTF 5EJN ªDGTFWTEJUEJPKVVNKEJ GTJCNVGP 5GJT UEJÌP

1088

1089

1090

1091

0CRQN¾QP + (TCPEU # 2CTKU I (GKPIQNF (D )CFQWT[ /C\CTF 5EJN 5GNVGP KP FKGUGT 'TJCNVWPI 9KP\ ,WUVKGTURWTGP XQT\ÒINKEJ

(TCPEU # 2CTKU I (GKPIQNF (D C )CFQWT[ /C\CTF 5EJN 8QT\ÒINKEJ (TCPEU 9 .KNNG I (GKPIQNF (D )CFQWT[ C /C\CTF 5EJN 5GJT UEJÌP

(TCPEU 9 .KNNG I (GKPIQNF (D )CFQWT[ /C\CTF 5EJN 4 /KP LWUVKGTV UGJT UEJÌP

1092

1093

(TCPEU # 2CTKU I (GKPIQNF (D )CFQWT[ /C\CTF 5EJN 5GNVGP KP FKGUGT 'TJCNVWPI 8QT\ÒINKEJp5VGORGNINCP\

(TCPEU # 2CTKU I (GKPIQNF (D )CFQWT[ /C\CTF 5EJN 5GNVGP KP FKGUGT 'TJCNVWPI 8QT\ÒINKEJ

1094

1096

1097

.QWKU :8+++ (TCPEU # 2CTKU I (GKPIQNF (D )CFQWT[ /C\CTF 5EJN +P FKGUGT 'TJCNVWPI UGJT UGNVGP (CUV 5VGORGNINCP\

(TCPEU . $C[QPPG &C\W %JCTNGU : (TCPEU # 2CTKU +PUIGUCOV I (GKPIQNF (D )CFQWT[ /C\CTF 5EJN 5VÒEM 5GJT UEJÌP

(TCPEU # 2CTKU I (GKPIQNF (D )CFQWT[ /C\CTF 5EJN 8QT\ÒINKEJp5VGORGNINCP\

(TCPEU 3 2GTRKIPCP I (GKPIQNF (D )CFQWT[ /C\CTF 5EJN (CUV XQT\ÒINKEJ

1098

1099

1101

1100

.QWKU 2JKNKRRG (TCPEU # 2CTKU I (GKPIQNF (D )CFQWT[ /C\CTF 5EJN 2TCEJVGZGORNCT 'VYCU LWUVKGTV XQT\ÒINKEJ

0CRQN¾QP +++ (TCPEU # 2CTKU I (GKPIQNF -NGKPG #WUICDG OKV INCVVGO 4CPF (D )CFQWT[ /C\CTF 5EJN 8QT\ÒINKEJ

(TCPEU $$ 5VTCDWTI I (GKPIQNF (D )CFQWT[ /C\CTF C 5EJN 44 (CUV UGJT UEJÌP

(TCPEU # 2CTKU I (GKPIQNF -NGKPG #WUICDG OKV IGTKHHGNVGO 4CPF (D )CFQWT[ /C\CTF 5EJN 5GJT UEJÌP

1102

1103

1105

1106

(TCPEU # 2CTKU I (GKPIQNF (D )CFQWT[ /C\CTF 5EJN 8QT\ÒINKEJ

1107 1108

1108

(TCPEU # 2CTKU I (GKPIQNF 8CTKCPVG OKV ITQGT KP FGT 9GTV\KHHGT (D )CFQWT[ XCT /C\CTF XCT 5EJN XCT 44 5GJT UEJÌP

(TCPEU # 2CTKU I (GKPIQNF (D )CFQWT[ /C\CTF 5EJN 0WT 'ZGORNCTG IGRT·IV 8QT\ÒINKEJ

1109

1111

(TCPEU # 2CTKU I (GKPIQNF (D )CFQWT[ /C\CTF 5EJN 8QT\ÒINKEJ

(TCPEU $$ 5VTCDWTI Z +PUIGUCOV I (GKPIQNF (D )CFQWT[ /C\CTF 5EJN 5VÒEM 8QT\ÒINKEJ

4GRWDNKM (TCPEU # 2CTKU I (GKPIQNF (D )CFQWT[ /C\CTF 5EJN 8QT\ÒINKEJ

1112

1113

(TCPEU # 2CTKU I (GKPIQNF (D )CFQWT[ /C\CTF 5EJN 4 0WT 'ZGORNCTG IGRT·IV (CUV XQT\ÒINKEJ

)QNFOGFCKNNG XQP & &WRWKU WPF %J /CTG[ 2T·OKG HÒT FKG 5GIGNTGICVVC XQP %CPPGU 9GKDNKEJGU $TWUVDKNF OKV .QTDGGTMTCP\ T 5GIGNUEJKHH CWH DGYGIVGT 5GG FCTWPVGT 5EJTKHVVCHGN WPF 5[ODQNG FGT 5EJKHHCJTV OO I 8QT\ÒINKEJ

1114

(TCPEU 2CTKU $C\QT I (GKPIQNF (D )CFQWT[ /C\CTF 5EJN 8QT\ÒINKEJp5VGORGNINCP\

4GRWDNKM UGKV 2K¾HQTV &KEMCDUEJNCI GKPGU (TCPEU I (GKPIQNF 5EJN 0WT 'ZGORNCTG IGRT·IV 5VGORGNINCP\

.QWKU 2JKNKRRG (TCPEU 9 .KNNG # 2CTKU 4GRWDNKM (TCPEU 2CTKU 2CTKU (D C Z /C\CTF 5EJN +PUIGUCOV I (GKPIQNF 5VÒEM 8QT\ÒINKEJ

.165 (4#0-4'+%*

5GV XQP OQFGTPGP 4GRNKMGP XQP JKUVQTKUEJGP )QNFOÒP\GP FCTWPVGT .QWKU F QT #NNG HGKP )GUCOVIGYKEJV I +PVGTGUUCPVGU 5GV 5VÒEM +P *QN\MCUVGP 8QT\ÒINKEJ

1118

('1&#.'5

$4'6#)0'

(TCP¼QKU + 'EW F QT CW EJGXCNKGT Q , 4GPPGU I *GT\QI TGKVGV T OKV GTJQDGPGO 5EJYGTV WPF 5EJKNF $NWOGPMTGW\ KP XGT\KGTVGO 8KGTRC &WRNGUU[ (D 44 -PCRRGT 5EJTÌVNKPI UGJT UEJÌP

1119

1120

)4+'%*'0.#0&

1VVQ + &TCEJOGP /ÒPEJGP I (GKPIQNF &KXQ (D 5EJN -N 5EJTÌVNKPIUHGJNGT CWH FGT 4ÒEMUGKVG UGJT UEJÌPpXQT\ÒINKEJ

)GQTI + &TCEJOGP # 2CTKU I (GKPIQNF &KXQ (D 5EJN 5GJT UEJÌPpXQT\ÒINKEJ

&TCEJOGP # 2CTKU I (GKPIQNF &KXQ (D 5EJN 5GJT UEJÌP &TCEJOGP # 2CTKU I (GKPIQNF &KXQ (D 5EJN 5VCTMG -TCV\GT HCUV UGJT UEJÌP

2CWN + 6TCIDCTG TGNKIKÌUG )QNFOGFCKNNG WPUKIPKGTV %JTKUVWUDÒUVG T ÒDGT (KUEJ <YGK KPGKPCPFGTITGKHGPFG *·PFG QDGP 6CWDG WPVGP -KTEJG OO I &C\W 'EW KP )QNF OKV MQNQTKGTVGT &CTUVGNNWPI XQP 2JKNKRRQU ++ CWH FGT 4ÒEMUGKVG I (GKPIQNF 5VÒEM 5GJT UEJÌPpXQT\ÒINKEJ WPF HCUV 5VGORGNINCP\

1125

1124

'0).#0&

)4155$4+6#00+'0

'FYCTF +++ 0QDNG Q , .QPFQP I (D 5GCD[ 5GJT UEJÌP

*GPT[ 8 0QDNG Q , .QPFQP I /ÒP\\GKEJGP -TGW\ &GT IGMTÌPVG WPF IGJCTPKUEJVG -ÌPKI X X KP 5EJKHH CWH 9GNNGP KP FGT 4GEJVGP 5EJYGTV FCPGDGP 5VGTP OKV FGT .KPMGP FGP XKGTHGNFK IGP 5EJKNF XQT UKEJ JCNVGPF $NWOGPMTGW\ OKV IGMTÌPVGP .ÌYGP KP FGP 9KPMGNP KO <GPVTWO h KP 8KGTRC KO QDGTGP NKPMGP 8KGTVGN FGU -TGW\GU $GK\GKEJGP 8KGTDNCVV (D 5GCD[ 5GJT UEJÌP

1126

1127

*GPT[ 8+ 0QDNG Q , .QPFQP /ÒP\\GKEJGP .KNKG I &GT IGMTÌPVG WPF IGJCTPKUEJVG -ÌPKI X X KP 5EJKHH CWH 9GNNGP KP FGT 4GEJVGP 5EJYGTV OKV FGT .KPMGP FGP XKGTHGNFKIGP 5EJKNF XQT UKEJ JCNVGPF $NWOGPMTGW\ OKV IGMTÌPVGP .ÌYGP KP FGP 9KPMGNP KO <GPVTWO h KP 8KGTRC (D 5GCD[ 5GJT UEJÌP

%JCTNGU ++ )WKPGCU .QPFQP I $ÒUVG T OKV .QTDGGTMTCP\ 8KGT IGMTÌPVG 9CRRGP KPU -TGW\ IGUVGNNV KP FGP 9KPMGNP LG GKP <GRVGT /KV 4CPFUEJTKHV &'%85 Û '6 Û 686#/'0 Û #001 Û 4')0+ Û 8+%'5+/1 Û 38+061 º Û º Û (D 5GCD[ -N -TCV\GT UGJT UEJÌP

8'4'+0+)6'5 -¤0+)4'+%*

1128

,COGU ++ )QNFOGFCKNNG WPUKIPKGTV XQP 4 #TQPFGCWZ CWH FKG .CPFWPI 9KNJGNOU +++ XQP 0CUUCW 1TCPKGP KP 6QTDC[ 9KNJGNO +++ UVGJV T OKV GTJQDGPGO 5EJYGTV FKG 5EJNCPIG FGT <YKGVTCEJV PKGFGTVTGVGPF WPF TGKEJV FGT XQT KJO UVGJGPFGP $TKVCPPKC FKG *CPF KO *KPVGTITWPF HNKGJV 8CVGT 2GVGTU OKV FGO LWPIGP ,COGU ++ CWH FGO #TO FGT GKPG 5RKGN\GWI 9KPFOÒJNG KP FGT *CPF J·NV <CJNTGKEJG 6TWRRGP NCPFGP OKV KJTGP $QQVGP KO *CHGP OO I 'KOGT FQTV KP 5KNDGT X .QQP +++ 5 8QP ITQGT 5GNVGPJGKV 8QT\ÒINKEJGU 'ZGORNCT OKV HGKPGT )QNFVÌPWPI &GT CWH FGT 8QTFGTUGKVG FGU XQTNKGIGPFGP 5VÒEMGU FCTIGUVGNNVG 8CVGT 2GVGTU YCT FGT $GKEJVXCVGT XQP ,COGU ++ FGT CWEJ CNU FGUUGP $GTCVGT HWPIKGTVG &KG 5RKGN\GWIYKPFOÒJNG KP FGT *CPF FGU LWPIGP ,COGU ++ DG\KGJV UKEJ CWH FGP CNNIGOGKP XGTDTGKVGVGP )NCWDGP FC GT KP 9CJTJGKV FGT 5QJP GKPGU /ÒNNGTU YCT

1129

1130

)GQTIG ++ )WKPGCU .QPFQP I $ÒUVG N OKV .QTDGGTMTCP\ )GMTÌPVGU XKGT HGNFKIGU 9CRRGP (D D 5GCD[ # 9KP\ 4CPFHGJNGT XQT\ÒINKEJ

)GQTIG +++ )WKPGC .QPFQP &TKVVGT 6[R I (D 5EJN 5GCD[ *GPMGNURWT HCUV UGJT UEJÌP

1132

1131

1133

1134

)WKPGC .QPFQP 8KGTVGT 6[R I (D 5EJN 5GCD[

8QT\ÒINKEJ

)WKPGC .QPFQP 5RCFG )WKPGC (ÒPHVGT 6[R I (D 5EJN 5GCD[ 8QT\ÒINKEJ

)WKPGC .QPFQP I (D 5EJN 5GCD[ 5GNVGP KP FKGUGT 'TJCNVWPI 8QT\ÒINKEJp5VGORGNINCP\

1136

1135

1138

1139

1140

)WKPGC .QPFQP I (GKPIQNF (D 5EJN 5GCD[ 5GNVGP KP FKGUGT 'TJCNVWPI 8QT\ÒINKEJp5VGORGNINCP\

5QXGTGKIP .QPFQP I (GKPIQNF (D 5EJN 5GCD[

5QXGTGKIP .QPFQP &C\W )GQTIG +8 5QXGTGKIP .QPFQP +PUIGUCOV I (GKPIQNF (D 5EJN 5GCD[ 5VÒEM 5EJÌP

5QXGTGKIP .QPFQP I (GKPIQNF (D 5EJN 5GCD[ 8QT\ÒINKEJp5VGORGNINCP\

5QXGTGKIP .QPFQP I (GKPIQNF (D 5EJN 5GCD[ % 8QT\ÒINKEJp5VGORGNINCP\

5QXGTGKIP .QPFQP I (GKPIQNF (D 5EJN 5GCD[ %

8QT\ÒINKEJ

1142

1141

)GQTIG +8 5QXGTGKIP .QPFQP I (GKPIQNF (D 5EJN 5GCD[ 8QT\ÒINKEJ

2QWPFU .QPFQP I (GKPIQNF (D 5EJN 5GCD[

1143

1144

8QT\ÒINKEJ

1146

1147

8KEVQTKC 2QWPFU .QPFQP ,WDKNGG JGCF I (GKPIQNF (D 5EJN 5GCD[ -N (CUUWPIUURWTGP UGJT UEJÌP

2QWPFU .QPFQP ,WDKNGG JGCF I (GKPIQNF (D 5EJN 5GCD[ -N 4CPFHGJNGT UGJT UEJÌP

2QWPFU .QPFQP ,WDKNGG JGCF I (GKPIQNF (D 5EJN 5GCD[ *GPMGNURWT UEJÌPpUGJT UEJÌP

2QWPFU .QPFQP 1NF JGCF I (GKPIQNF $TWUVDKNF N OKV &KCFGO 5V )GQTI FGP &TCEJGP VÌVGPF (D C 5EJN 5GCD[ 2TCEJVGZGORNCT 2QNKGTVG 2NCVVG

)GQTIG 8 2QWPFU .QPFQP I (GKPIQNF -QRH N 5V )GQTI FGP &TCEJGP VÌVGPF (D 5EJN 5GCD[ 0WT 'ZGORNCTG IGRT·IV 8QP RQNKGTVGP 5VGORGNP HCUV 5VGORGNINCP\

.16 )4155$4+6#00+'0

8KEVQTKC 5QXGTGKIP .QPFQP (D G Z 5EJN 5GCD[ &C\W #WUVTC NKGP 8KEVQTKC 5QXGTGKIP 5 5 5[FPG[ )GQTIG 8 5QXGTGKIP 5 5[FPG[ (D Z 5EJN 5GCD[ -CPCFC )GQTIG 8 5QXGTGKIP 1VVCYC (D 5EJN 5GCD[ +PUIGUCOV I (GKPIQNF 5VÒEM (CUUWPIUURWTGP Z UGJT UEJÌP WPF DGUUGT

,'45';

ex 1149

'NK\CDGVJ ++ UGKV 5GV XQP WPF 2QWPFU KP )QNF (D WPF 2QWPF KP 5KNDGT - / <WT 5KNDGTJQEJ\GKV +PUIGUCOV I (GKPIQNF 5VÒEM <WO 6GKN )QNF +P 1TKIKPCNGVWK 5VGORGNINCP\

+5.#0&

4GRWDNKM UGKV /ÒP\UCV\ \W Z Z WPF -TQPWT CWH FCU L·JTKIG ,WDKN·WO FGT GTUVGP $GUKGFNWPI I (GKPIQNF - / Z Z 5VÒEM Z )QNF +P 'VWKU 2QNKGTVG 2NCVVG

.QV &KXGTUG /ÒP\GP WPF /GFCKNNGP FGU ,CJTJWPFGTVU W C -TQPWT CWH FCU L·JTKIG ,WDKN·WO FGT GTUVGP $GUKGFNWPI -TQPWT CWH FGP )GDWTVUVCI XQP ,QP 5K IWTFUUQP GVE +PUIGUCOV I (GKPIQNF 5VÒEM Z )QNF +P 'VWK /GKUV XQT\ÒINKEJp5VGORGNINCP\

1153

1152

+6#.+'0

(.14'0<

4GRWDNKM (KQTKPQ F QTQ Q , I .KNKG 5V ,QJCPPGU UVGJV X X CO 7O UEJTKHVUGPFG /ÒP\\GKEJGP #ODQ $GTPQEEJK (D 8QT\ÒINKEJ

(KQTKPQ F QTQ Q , I .KNKG 5V ,QJCPPGU UVGJV X X CO 7OUEJTKHVUGPFG /ÒP\\GKEJGP (ÒPHDN·VVTKIG $NWOG CWH FTGK *ÒIGNP $GTPQEEJK (D 8QT\ÒINKEJ

1154

1155

-+4%*'056##6

4ÌOKUEJGT 5GPCV &WECVQ Q , 4QO I 5V 2GVTWU TGKEJV 5VCPFCTVG CP XQT KJO MPKGP FGP 5GPCVQT FGUUGP #WIGP XGTDWPFGP UKPF %JTKUVWU UVGJV X X KP /CPFQTNC (D /WPVQPK 8CT +++ 5GJT UEJÌP

7TDCP 8 (KQTKPQ F QTQ Q , #XKIPQP I .KNKG 5V ,QJCPPGU UVGJV X X OKV UGI PGPFGT 4GEJVGP WPF -TGW\UVCD N PGDGP UGKPGO -QRH /KVTC (D FQTV WPVGT (TCPMTGKEJ /WPVQPK

$CPF +8 6GKN +++ #PQP[OG 2T·IWPIGP 5GJT UEJÌP

#XKIPQP FCU TÌOKUEJG #XGPKQ YWTFG XQP FGP 2·RUVGP FWTEJ -CWH GTYQTDGP +P FGT <GKV FGU ITQGP 5EJKUOCU

YCT #XKIPQP 4GUKFGP\ FGT 2·RUVG WPF KJTGT WOHCPITGKEJGP 8GTYCNVWPI XGT\KEJVGVGP FKG 2·RUVG CWH FKG UGKV XQP 4GXQNWVKQPUVTWRRGP DGUGV\VG 5VCFV

1156

1157

0KEQNCWU 8 &WECVQ RCRCNG Q , 4QO I /KV /KVTC DGNGIVGT 9CRRGPUEJKNF KP 8KGT RC 5V 2GVTWU UVGJV X X OKV 5EJNÒUUGN WPF $WEJ KP 8KGTRC (D /WPVQPK 5CWDGT CWUIGRT·IVGU XQT\ÒINKEJGU 'ZGORNCT

2KWU ++ &WECVQ RCRCNG Q , 4QO I /KV /KVTC DGNGIVGT 9CRRGPUEJKNF KP 8KGTRC 5V 2GVTWU UVGJV X X OKV 5EJNÒUUGN WPF $WEJ KP 8KGTRC (D /WPVQPK 4 /KP IGYGNNV UGJT UEJÌP

1158

1159

2CWN ++ &WECVQ RCRCNG Q , 4QO I /KV /KVTC DGNGIVGU 9CRRGP KP 8KGTRC 5V 2GVTWU OKV 5EJNÒUUGN WPF $WEJ WPF 5V 2CWNWU OKV 5EJYGTV WPF $WEJ UVGJGP GKPCPFGT IGIGPÒDGT (D /WPVQPK 4 'VYCU WPTGIGNO·KIGT 5EJTÌVNKPI UGJT UEJÌP

+PPQEGP\ 8+++ (KQTKPQ FK ECOGTC Q , 4QO I /KV /KVTC DGNGIVGU 9CRRGP KP 8KGT RC 5V 2GVTWU N KP 5EJKHH (D /WPVQPK 5CWDGT CWUIGRT·IVGU XQT\ÒINKEJGU 'ZGORNCT

1160

1162

1161

1163

%NGOGPU 8++ (KQTKPQ FK ECOGTC Q , 4QO I (D /WPVQPK NGKEJV XCT -N <CKPGPFG XQT\ÒINKEJGU 'ZGORNCT

2CWN +++ 5EWFQ F QTQ Q , 4QO I (D /WPVQPK XCT 5GJT UEJÌP 5EWFQ F QTQ Q , $QNQIPC I (D /WPVQPK XCT -N 2T·IGUEJY·EJG UGJT UEJÌPpXQT\ÒINKEJ 5GFKUXCMCP\ <GEEJKPQ 4QO I (D /WPVQPK 5GJT UEJÌP

1165

1164

1166

<GEEJKPQ 4QO I (D /WPVQPK 5EWFQ TQOCPQ Q , 4QO I (D /WPVQPK 8CT +

5GJT UEJÌP 5GJT UEJÌP

%NGOGPU :+++ <GEEJKPQ # 8+ 4QO I (D /WPVQPK C 9KP\ 2TQDKGTURWT CO 4CPF UGJT UEJÌP

1167

1168

%NGOGPU :+8 <GEEJKPQ # +++ 4QO I (D /WPVQPK D

2KWU 8++ &QRRKC TQOCPC # :8++ $ $QNQIPC I (GKPIQNF (D 2CICPK 5EJN )GUVQRHVGU .QEJ UGJT UEJÌP

1169

1171

1172

5GJT UEJÌP

1173

2KWU +: .KTG # ::++ 4QO I (GKPIQNF (D 2CICPK 5EJN 5GJT UEJÌPpXQT\ÒINKEJ

.KTG # ::++ 4QO I (GKPIQNF (D 2CICPK 5EJN

2KWU :+ .KTG 4QO CWH FCU *GKNKIG ,CJT I (GKPIQNF (D 2CICPK 5EJN 8QT\ÒINKEJp5VGORGNINCP\

.KTG #0 :8 4QO I (GKPIQNF (D 2CICPK 5EJN

2KWU :++ .KTG #PPQ :+ 4QO I (GKPIQNF (D 2CICPK 5EJN 0WT 'ZGORNCTG IGRT·IV 9KP\ -TCV\GT XQT\ÒINKEJ

5GJT UEJÌP

8QT\ÒINKEJ

1174

1176

,QJCPPGU ::+++ )QNFOGFCKNNG \W &WMCVGP XQP 2 )KCORCQNK CWH FCU ++ ¤MWOG PKUEJG 8CVKMCPKUEJG -QP\KN $TWUVDKNF N KO IGKUVNKEJGP 1TPCV &GT 2CRUV VJTQPV X X WOIGDGP XQP XGTUEJKGFGPGP )GKUVNKEJGP KO 8QTFGTITWPF FCU 'XCPIGNKWO QDGP %JTKUVWU KP 9QNMGP OO I 4KPCNFK 8QT\ÒINKEJ

)QNFOGFCKNNG \W &WMCVGP XQP 2 )KCORCQNK CWH FCU ++ ¤MWOGPKUEJG 8CVKMCPKUEJG -QP\KN $TWUVDKNF N KO IGKUVNKEJGP 1TPCV &GT 2CRUV VJTQPV X X WOIGDGP XQP XGTUEJKGFGPGP )GKUVNKEJGP KO 8QTFGTITWPF FCU 'XCPIGNKWO QDGP %JTKUVWU KP 9QNMGP OO I 4KPCNFK 8QT\ÒINKEJp5VGORGNINCP\

,QJCPPGU 2CWN ++ )QNFOGFCKNNG WPUKIPKGTV CWH UGKPGP $GUWEJ KP .KGEJVGPUVGKP $TWUVDKNF N OKV /KVTC 5VCD WPF UGIPGPFGT 4GEJVGP 9CRRGPUEJKNF XQP .KGEJVGPUVGKP T FCPGDGP GKP YGKVGTGT MNGKPGTGT 9CRRGPUEJKNF FCTÒDGT /KVTC FCJKPVGT IGMTGW\VG 5EJNÒUUGN OO I 2QNKGTVG 2NCVVG

-KTEJGPUVCCV UKGJG CWEJ 0TP

1177

/#+.#0&

'TUVG 4GRWDNKM #ODTQUKPQ Q , I )QVKUEJGU / KP 5GEJURC 5V #ODTQUKWU X X $KCIIK (D 8QT\ÒINKEJ

1178

1179 1178 1,5:1

0'#2'. 70& 5+<+.+'0

(TKGFTKEJ ++ #WIWUVCNKU PCEJ /GUUKPC I )GJCTPKUEJVGU $TWUVDKNF T OKV .QT DGGTMTCP\ WPF WOIGNGIVGO /CPVGN #FNGT FGP -QRH PCEJ T IGYCPFV (D FQTV WPVGT $TKPFKUK -QYCNUMK 7 # 4 )WV CWUIGRT·IVGU XQT\ÒINKEJGU 'ZGORNCT +P FGP -QPUVKVWVKQPGP XQP /GNHK YGTFGP FKG #WIWUVCNGP \WO GTUVGP /CN IGPCPPV +O INGKEJGP ,CJT DGTKEJVGV FGT MCKUGTNKEJG 0QVCT 4KEJCTF XQP 5CP )GTOCPQ KO &G\GODGT 0WOOK CWTGK SWK CWIWUVCNGU XQECPVWT $TWPFWUKK GV /GU UKPC EWFWPVWT )QNFOÒP\GP FKG #WIWUVCNGP IGPCPPV YGTFGP UKPF KP $TKPFKUK WPF /GUUKPC IGRT·IV YQTFGP &GT 0COG #WIWUVCNKU HÒT FKGUG CWGTIGYÌJPNKEJG )QNFOÒP\G KUV CNUQ \GKVIGPÌUUKUEJ WPF QHHK\KGNN CWEJ FKG DGKFGP /ÒP\UV·VVGP YGTFGP DGPCPPV &KG &CTUVGNNWPI ITGKHV CPVKMG 8QTDKNFGT CWH QJPG FC GKP IGPCWGU /WUVGT UGK GU CWU FGT CWIWUVGKUEJGP QFGT EQPUVCPVKPKUEJGP /ÒP\RT·IWPI \W GTOKVVGNP KUV 8KGNNGKEJV YCT GKP ITQGT -COGQ OKV FGO $KNF FGU -CKUGTU #WIWUVWU FGT UKEJ FCOCNU KP #CEJGP DGHCPF WPF FGP (TKGFTKEJ ++ FQTV IGUGJGP JCDGP FÒTHVG FCU 8QT DKNF &CU INGKEJG IKNV HÒT FKG #FNGT 4ÒEMUGKVG &KGUG 2T·IWPI URKGIGNV KP CWUFTWEMUXQNNGT 9GKUG FCU )GUEJKEJVUXGT UV·PFPKU FGU NGV\VGP 5VCWHGTMCKUGTU YKFGT FGT UKEJ ICP\ DGYWV KP FGT -QPVKPWKV·V FGT TÌOKUEJGP -CKUGT UCJ WPF FKG 9GNV FGT #PVKMG PKEJV PWT DGK UGKPGP /ÒP\GP YKGFGT CWHIGITKHHGP JCV 5Q IGUGJGP MCPP OCP (TKGFTKEJ ++ FWTEJCWU CNU 8QTN·WHGT FGT 4GPCKUUCPEG XGTUVGJGP 'U KUV CDGT PKEJV RTQRCICPFKUVKUEJG #DUKEJV FKG \WT *GTUVGNNWPI FKGUGT GTUVGP DGFGWVGPFGP GWTQR·KUEJGP )QNFRT·IWPI UGKV FGT #PVKMG HÒJTVG UQPFGTP YKTVUEJCHVNKEJG 0QVYGPFKIMGKV #WH UGKPGT ,GTWUCNGO 4GKUG JCVVG FGT -CKUGT FKG )QNFY·JTWPI FGT $[\CPVKPGT KP )GUVCNV FGT *[RGTR[TC WPF FKG &KPCTG FGT KUNCOKUEJGP &[PCUVKGP MGPPGPIGNGTPV <WTÒEMIGMGJTV QTFPGVG GT FKG 2T·IWPI FGT PGWGP )QNFOÒP\GP CP FKG GKP PGWGU <GKVCNVGT FGT )QNFY·JTWPI GKPNGKVGP UQNNVG WPF UR·VGT KJTGP *ÌJGRWPMV KP FGP )QNFOÒP\GP XQP (NQTGP\ WPF 8GPGFKI HCPF

#WIWUVCNKU PCEJ /GUUKPC I )GJCTPKUEJVGU $TWUVDKNF T OKV .QTDGGTMTCP\ WPF WOIGNGIVGO /CPVGN #FNGT FGP -QRH PCEJ T IGYCPFV (D FQTV WPVGT $TKPFKUK -QYCNUMK 7 # 4 5GJT UEJÌP

1180

1181

(GTFKPCPF + XQP #TCIQP &WECVQ Q , I %0+ :+: 5 HH (D 5GJT UEJÌPpXQT\ÒINKEJ

,QCEJKO /WTCV -ÌPKI XQP 0GCRGN .KTG 0GCRGN I (GKPIQNF (D 2CICPK D 5EJN 7PTGIGNO·KI CWUIGRT·IVGT 4CPF UGJT UEJÌP

1182

1183

.KTG 0GCRGN I (GKPIQNF (D 2CICPK 5EJN

4 (CUV XQT\ÒINKEJ

/CTKC .QWKUC .KTG /CKNCPF I (GKPIQNF (D 2CICPK 5EJN 5GJT UEJÌP

2#4/#

/CTKC .QWKUC YCT FKG )GOCJNKP 0CRQNGQPU +

1184

1185

1187

1186

2+#%'0<#

4CPWEEKQ (CTPGUG + &QRRKG ! I %0+ +: 5 XCT (D 5EJTÌVNKPIUTK UGJT UEJÌP

&QRRKG ! I %0+ +: 5 (D -N 5EJTÌVNKPIUHGJNGT 2T·IGUEJY·EJG UGJT UEJÌP

&QRRKG I %0+ +: 5 (D -N 5EJTÌVNKPIUTK UGJT UEJÌP &QRRKG I %0+ +: 5 (D &QRRGNUEJNCI 5EJTÌVNKPIUTK UEJÌPpUGJT UEJÌP

1188

1189

5#4&+0+'0

-CTN 'OCPWGN +++ &QRRKC 6WTKP I (D 5KOQPGVVK 5GJT UEJÌP UGJT UEJÌPpXQT\ÒINKEJ

8KEVQT 'OCPWGN + .KTG 6WTKP I (GKPIQNF (D 2CICPK 5EJN 5GJT UEJÌPpXQT\ÒINKEJ

1191

1192

1190

-CTN (GNKZ .KTG 6WTKP I (GKPIQNF (D 2CICPK 5EJN 0WT 'ZGORNCTG IGRT·IV 5GJT UEJÌP

.KTG )GPWC I (GKPIQNF (D 2CICPK 5EJN 0WT 'ZGORNCTG IGRT·IV 5GJT UEJÌP

-CTN #NDGTV .KTG 6WTKP I (GKPIQNF (D 2CICPK 5EJN -N *GPMGNURWT MN -TCV\GT UGJT UEJÌP

1194

1193

1195

1196

1197

8'0'&+)

/KEJGNG 5VGPQ &WECVQ Q , I (D )CODGTKPK &WECVQ Q , I (D )CODGTKPK

6QOCUQ /QEGPKIQ &WECVQ Q , I (D )CODGTKPK FQTV KTTVÒONKEJ OKV 0T 9KP\ -TCV\GT XQT\ÒINKEJ

2CUSWCNG %KEQIPC <GEEJKPQ Q , I (D )CODGTKPK <GEEJKPQ Q , I (D )CODGTKPK

1198

8QT\ÒINKEJ 5GJT UEJÌPpXQT\ÒINKEJ

4 (CUV XQT\ÒINKEJ 4 (CUV XQT\ÒINKEJ

1199

&QOGPKEQ %QPVCTKPK <GEEJKPQ Q , I (D )CODGTKPK /KP IGYGNNV UGJT UEJÌP

#NXKUG %QPVCTKPK <GEEJKPQ Q , I (D )CODGTKPK

8QT\ÒINKEJ

1201

1200

#NXKUG +++ /QEGPKIQ )QNFGPG 1UGNNC #001 8 I &QIG OKV (CJPG MPKGV XQT FGO JGKNKIGP /CTMWU )CNGGTG CWH DGYGIVGO /GGT XQP \YGK MNGKPGTGP 5EJKHHGP DGINGKVGV )CODGTKPK 44 #VVTCMVKXGU UGJT UEJÌPGU 'ZGORNCT

2CQNQ 4GPKGT <GEEJKPQ Q , I (D )CODGTKPK -NGKPG 2T·IGUEJY·EJG HCUV XQT\ÒINKEJ

1203

1202

1204

1205

-¤0+)4'+%* +6#.+'0

0CRQNGQP .KTG ,CJTGU\CJN KO 5VGORGN CWU IG·PFGTV / /CKNCPF I (GKPIQNF (D 2CICPK 5EJN 5GJT UEJÌPpXQT\ÒINKEJ HCUV XQT\ÒINKEJ

.KTG / /CKNCPF I (GKPIQNF (D 2CICPK 5EJN

5GJT UEJÌP

.KTG / /CKNCPF I (GKPIQNF (D 2CICPK 5EJN +P FKGUGT 'TJCNVWPI UGJT UGNVGP 8QT\ÒINKEJp5VGORGNINCP\

.KTG / /CKNCPF I (GKPIQNF (D 2CICPK C 5EJN

8QT\ÒINKEJ

1208

1206

8KEVQT 'OCPWGN ++ .KTG 6WTKP I (GKPIQNF (D 2CICPK 5EJN 8QT\ÒINKEJ

.KTG 6WTKP Z +PUIGUCOV I (GKPIQNF (D 2CICPK 5EJN 5VÒEM 8QT\ÒINKEJ Z WPF UGJT UEJÌP

.KTG 6WTKP I (GKPIQNF (D 2CICPK 5EJN .KTG 6WTKP I (GKPIQNF (D 2CICPK 5EJN

(CUV XQT\ÒINKEJ 5GJT UEJÌP

1210

8KEVQT 'OCPWGN +++ .KTG 4 4QO CWH UGKP L·JTKIGU 4GIKGTWPIULWDKN·WO WPF FGP ,CJTGUVCI FGU -TKGIUGKPVTKVVU /CVVRT·IWPI I (GKPIQNF -QRH N FCTWPVGT 'KEJGPNCWD -TKGIGT OKV (CJPG KP FGT .KPMGP WPF 8KEVQTKC KP FGT 4GEJVGP N·WHV N (D 2CICPK 5EJN 44 8QT\ÒINKEJ

1211

1212

.KTG +: 4 4QO I (GKPIQNF (D 2CICPK 5EJN .KTG : 4 4QO I (GKPIQNF (D 2CICPK 5EJN

8QT\ÒINKEJ 8QT\ÒINKEJ

8QT\ÒINKEJ

1213

ex 1214

,7)15.#9+'0

-¤0+)4'+%*

#NGZCPFGT + &KPCTC $GNITCF I (GKPIQNF (D 5EJN

4'27$.+-

,CJTICPIUUCV\ DGUVGJGPF CWU &KPCTC 5KNDGT WPF &KPCTC )QNF /GFKVGTTCPG 5RKGNG KP 5RNKV +PUIGUCOV I (GKPIQNF - / <WO 6GKN )QNF +P 1TKIKPCNUEJCVWNNG 2QNKGTVG 2NCVVG

1215

1216

1,5:1

.+'%*6'056'+0

(ª456'067/

,QJCPP ++ -TQPGP 9KGP I (GKPIQNF -QRH N )GMTÌPVGU 9CRRGP XQP \YGK .QTDGGT\YGKIGP WOIGDGP (D */< 5EJN 44 0WT 'ZGORNCTG IGRT·IV 8QT\ÒINKEJ

-TQPGP 9KGP I (GKPIQNF -QRH N )GMTÌPVGU 9CRRGP XQP \YGK .QTDGGT\YGKIGP WOIGDGP (D */< 5EJN 44 0WT 'ZGORNCTG IGRT·IV (CUV 5VGORGNINCP\

1218

1217

,1*#00+6'414&'0

/#.6#

'OOCPWGN 2KPVQ 5EWFK I (D 4GUVGNNK (CUV XQT\ÒINKEJ 5EWFK I (D 4GUVGNNK 4 -N 5EJTÌVNKPIUHGJNGT CO 4CPF HCUV XQT\ÒINKEJ

1219

1220

5EWFK I (D 4GUVGNNK 4 -N -TCV\GT GVYCU DGTKGDGP XQT\Ã&#x2019;INKEJ 'OOCPWGN FG 4QJCP 5EWFK I (D 4GUVGNNK (CUV XQT\Ã&#x2019;INKEJ

1221

/10#%1

(Âª456'067/

%JCTNGU +++ (TCPEU # 2CTKU I (GKPIQNF FG /G[ (D 5EJN -TCV\GT CWH FGT 4Ã&#x2019;EMUGKVG HCUV XQT\Ã&#x2019;INKEJ

1222

1223

(TCPEU # 2CTKU I (GKPIQNF FG /G[ (D 5EJN (TCPEU # 2CTKU I (GKPIQNF FG /G[ (D 5EJN

8QT\Ã&#x2019;INKEJp5VGORGNINCP\ 8QT\Ã&#x2019;INKEJ

1224

1225

#NDGTV + (TCPEU # 2CTKU I (GKPIQNF FG /G[ (D 5EJN 8QT\Ã&#x2019;INKEJ

(TCPEU # 2CTKU I (GKPIQNF FG /G[ (D 5EJN

1226

)'.&'40

8QT\Ã&#x2019;INKEJ

1227

0+'&'4.#0&'

*GT\QIVWO 9KNJGNO XQP ,Ã&#x2019;NKEJ )QNFIWNFGP Q , #TPJGKO I &GNO 4 (D 8QNN CWUIGRTÂ·IVGU XQT\Ã&#x2019;INKEJGU 'ZGORNCT

4GKPJQNF +8 )QNFIWNFGP Q , I &GNO 4 (D -N 2TÂ·IGUEJYÂ·EJG XQT\Ã&#x2019;INKEJ

1228

1229

)QNFIWNFGP Q , I &GNO 4 (D

-CTN XQP 'IOQPF )QNFIWNFGP (NQTKP F QT Q , 4GKVGTIQNFIWNFGP I &GNO (D #DD \W ITQ 4 5GJT UEJÌPpXQT\ÒINKEJ

5GJT UEJÌP

1232

1230

764'%*6

$KUVWO 4WFQNH XQP &KGRJQN\ )QNFIWNFGP (NQTKP F QT Q , 5V /CTVKPUIQNFIWNFGP I &GNO (D 5GJT UEJÌP

)QNFIWNFGP (NQTKP F QT Q , 5V /CTVKPUIQNFIWNFGP I &GNO (D

5EJÌP

2TQXKP\ &WMCV ,CJTGU\CJN KO 5VGORGN CWU IG·PFGTV I &GNO (D (CUV XQT\ÒINKEJ

1234

1233

1235

&WMCVGP #DUEJNCI XQP FGP 5VGORGNP FGU 5EJGGRLGUEJKNNKPI 5VÒDGT I &GNO (D 4 -N 4CPFHGJNGT XQT\ÒINKEJ

<91..'

5VCFV &WMCV Q , WO OKV 6KVGN 4WFQNHU ++ 7PICTKUEJGT 6[R I &GNO 4 (D 4 5GJT UEJÌP

-¤0+)4'+%* *1..#0&

.WFYKI 0CRQNGQP &WMCV 7VTGEJV I (GKPIQNF (D 5EJN 5EJWNOCP C 5GJT UEJÌP

1236

1237

&WMCV 7VTGEJV I (GKPIQNF (D 5EJN 5EJWNOCP

1238

8QT\ÒINKEJp5VGORGNINCP\

-¤0+)4'+%* 0+'&'4.#0&'

9KNJGNO + )WNFGP 7VTGEJV I (GKPIQNF (D 5EJN 5EJWNOCP (CUV XQT\ÒINKEJ

9KNJGNO +++ )WNFGP 7VTGEJV 0GIQVKGRGPPKPI I (GKPIQNF -QRH N )GMTÌPVGU 9CRRGP KP IGMTGW\VGP 'KEJGP\YGKIGP (D 5EJN 5EJWNOCP 2TCEJVGZGORNCT 5VGORGNINCP\

1239

1240

1240 1241

-¤0+)4'+%*

21.'0

#WIWUV ++ FGT 5VCTMG &WMCV &TGUFGP CWH UGKPG -TÌPWPI \WO -ÌPKI XQP 2QNGP I (D * %\ 5NI /GTUGD -N <CKPGPFG OKP IGYGNNV XQT\ÒINKEJ

8QNMUTGRWDNKM <NQV[ 6CFGWU\ -QUEKWU\MQ I (GKPIQNF (D 5EJN 0WT 'ZGORNCTG IGRT·IV 8QT\ÒINKEJp5VGORGNINCP\

5VCFV &WMCV OKV 6KVGN ,QJCPP -CUKOKTU I &WVMQYUMK 5WEJCPGM + (D /KP IGYGNNV XQT\ÒINKEJGU 'ZGORNCT

&#0<+)

1242 1244

1243

-¤0+)4'+%*

21467)#.

,QJCPP 8 4GKU .KUUCDQP I (D )QOGU ,

5GJT UEJÌP

,QJCPP 8+ 'UEWFQU 2G¼C .KUUCDQP I (GKPIQNF (D )QOGU , 5EJN 5GJT UEJÌPpXQT\ÒINKEJ

2GT )GUGV\ XQO /·T\ YWTFG FCU 8GTJ·NVPKU XQP )QNF \W 5KNDGT PGW DGYGTVGV &KG 2G¼C \W 4GKU GTJKGNV PWP GKPGP 9GTV XQP 4GKU DGK INGKEJDNGKDGPFGO (GKPIGYKEJV

'UEWFQU 2G¼C .KUUCDQP I (GKPIQNF (D )QOGU , C 5EJN 0WT 'ZGORNCTG IGRT·IV (CUV XQT\ÒINKEJ

&WTEJ FCU \WXQT GTY·JPVG )GUGV\ XQO /·T\ YWTFG FGT 9GTV FGT 2G¼C XQP 4GKU CWH 4GKU GTJÌJV

1245

4GRWDNKM UGKV 'UEWFQU ,CJTGUVCI FGT 'PVFGEMWPI #OGTKMCU FWTEJ %JTKUVQRJ -QNWODWU I (GKPIQNF (D 5EJN 0WT 'ZGORNCTG IGRT·IV 2QNKGTVG 2NCVVG

'UEWFQU ,CJTGUVCI FGT 'PVFGEMWPI #OGTKMCU FWTEJ %JTKUVQRJ -QNWODWU I (GKP IQNF (D 5EJN 0WT 'ZGORNCTG IGRT·IV 2QNKGTVG 2NCVVG

1248

1250

'UEWFQU ,CJTGUVCI FGT #PMWPHV FGT 2QTVWIKGUGP KP ,CRCP I (GKPIQNF (D 5EJN 0WT 'ZGORNCTG IGRTÂ·IV 2QNKGTVG 2NCVVG

'UEWFQU ,CJTGUVCI FGU 8GTVTCIU XQP 6QTFGUKNNCU I (GKPIQNF (D 5EJN 0WT 'ZGORNCTG IGRTÂ·IV 2QNKGTVG 2NCVVG

1252

1256

1257

'UEWFQU ,CJTGUVCI FGT 'TQDGTWPI FGT +PUGNP 5QNQT WPF 6KOQT I (GKPIQNF (D 5EJN 0WT 'ZGORNCTG IGRTÂ·IV 2QNKGTVG 2NCVVG

'UEWFQU 6QFGUVCI FGU DTCUKNKCPKUEJGP #RQUVGN ,QUÂ¾ FG #PEJKGVC I (GKPIQNF (D 0WT 'ZGORNCTG IGRTÂ·IV 2QNKGTVG 2NCVVG

'UEWFQU ,CJTGUVCI FGT 'PVFGEMWPI FGU 5GGYGIU PCEJ +PFKGP FWTEJ 8CUEQ FC )COC I (GKPIQNF (D 0WT 'ZGORNCTG IGRTÂ·IV 2QNKGTVG 2NCVVG

1,5:1

-#+5'44'+%*

1258

1,5:1

4755.#0&

+XCP 8 IGOGKPUCOG 4GIKGTWPI OKV 2GVGT + -QRGMG &GPIC KP )QNF Q , I (D FQTV CNU )QNFMQRGMG DG\GKEJPGV -CKO 8QP ITQÂGT 5GNVGPJGKV -NGKPGT 4CPFCDDTWEJ CVVTCMVKXGU XQT\Ã&#x2019;INKEJGU 'ZGORNCT 35

1259

1260

1259

2GVGT + FGT )TQG 4WDGN /QUMCW I )GJCTPKUEJVGU $TWUVDKNF T OKV .QT DGGTMTCP\ 5V #PFTGCU OKV *GKNKIGPUEJGKP UVGJV X X FCU -TGW\ JKPVGT UKEJ JCNVGPF $KVMKP HH (D 4 9KP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

'NKUCDGVJ 4WDGN 2QNVKPC 5V 2GVGTUDWTI I $KVMKP (D -N &TWEMUVGNNG UGJT UEJÌP

1261

-CVJCTKPC ++ 4WDGN 5V 2GVGTUDWTI I $TWUVDKNF T 8KGT IGMTÌPVG 9CR RGP KPU -TGW\ IGUVGNNV KP FGP 9KPMGNP FKG <KHHGTP FGT ,CJTGU\CJN KO <GPVTWO 5EJKNF OKV IGMTÌPVGO &QRRGNCFNGT 5EJOCNG $ÒUVG $KVMKP (D C 5GJT UEJÌP

1263

1262

4WDGN 2QNVKPC 5V 2GVGTUDWTI I $KVMKP (D 4WDGN 5V 2GVGTUDWTI I $KVMKP (D C

1264 1,5:1

1263

.GKEJV IGYGNNV UGJT UEJÌP (CUV UGJT UEJÌP

1,5:1

#NGZCPFGT + 4WDGN 5V 2GVGTUDWTI I (GKPIQNF +P FGT /KVVG FCU XKGTHCEJ IGMTÌPVG 4GKEJUYCRRGP WOIGDGP XQP FGP KPU -TGW\ IGUVGNNVGP 9CRRGP XQP /QUMCW -CUCP 5KDKTKGP WPF #UVTCEJCP -TQPG ÒDGT XKGT <GKNGP 5EJTKHV FCTWPVGT /ÒP\UV·VVGP\GKEJGP WOIGDGP XQP .QTDGGT WPF 'KEJGP\YGKI $KVMKP (D 5EJN 44 -N 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

1266 Pt

1265 Pt

1266 Pt

0KMQNCWU + 4WDGN 2NCVKP 5V 2GVGTUDWTI EC I HGKP )GMTÌPVGT &QRRGNCFNGT OKV 9CRRGP WPF 1TFGPUMGVVG CWH FGT $TWUV KP FGP (·PIGP <GRVGT WPF 4GKEJUCRHGN CWH FGP CWU IGDTGKVGVGP (NÒIGNP LG FTGK 9CRRGPUEJKNFG 5EJTKHV OKV 9GTV WPF ,CJTGUCPICDG $KVMKP 4 (D 5EJN 2.#6+0 44 0WT 'ZGORNCTG IGRT·IV 9KP\ 4CPFHGJNGT UGJT UEJÌP

4WDGN 2NCVKP 5V 2GVGTUDWTI %C I HGKP $KVMKP (D 5EJN 2.#6+0 5GJT UEJÌPpXQT\ÒINKEJ

1267

1269

4WDGN 5V 2GVGTUDWTI I (GKPIQNF $KVMKP (D 5EJN 4WDGN 5V 2GVGTUDWTI I (GKPIQNF $KVMKP (D 5EJN 4WDGN 5V 2GVGTUDWTI I (GKPIQNF $KVMKP (D 5EJN

1270

(CUV XQT\ÒINKEJ $GTKGDGP UGJT UEJÌP 5GJT UEJÌPpXQT\ÒINKEJ

1274

1272

4WDGN 5V 2GVGTUDWTI I (GKPIQNF $KVMKP (D 5EJN 9KP\ 4CPFHGJNGT XQT\ÒINKEJ

4WDGN 5V 2GVGTUDWTI I (GKPIQNF $KVMKP (D 5EJN 4WDGN 5V 2GVGTUDWTI I (GKPIQNF $KVMKP (D 5EJN

#NGZCPFGT ++ 4WDGN 5V 2GVGTUDWTI I (GKPIQNF $KVMKP (D 5EJN (CUUWPIUURWTGP UGJT UEJÌP

4WDGN 5V 2GVGTUDWTI I (GKPIQNF $KVMKP (D 5EJN 9KP\ -TCV\GT XQT\ÒINKEJ

8QT\ÒINKEJ 8QT\ÒINKEJp5VGORGNINCP\

1276

1275

#NGZCPFGT +++ )QNFOGFCKNNG Q , XQP # )TKNNKEJGU 2T·OKG FGT /·FEJGPUEJWNG HÒT FGP GTHQNITGKEJGP #DUEJNW $TWUVDKNF FGT <CTKP /CTKC (GQFQTQYPC T /KPGTXC OKV .QTDGGTMTCP\ KP FGT 4GEJVGP WPF 2CVGTC KP FGT GTJQDGPGP .KPMGP UVGJV X X WOIGDGP XQP #VVTKDWVGP FGT 9KUUGPUEJCHVGP FKG CWH FGO $QFGP NKGIGP OO I 5OKTPQX #PO 8QT\ÒINKEJ

)QNFOGFCKNNG Q , XQP # )TKNNKEJGU 2T·OKG FGT /·FEJGPUEJWNG HÒT FGP GTHQNITGKEJGP #DUEJNW $TWUVDKNF FGT <CTKP /CTKC (GQFQTQYPC T /KPGTXC OKV .QTDGGTMTCP\ KP FGT 4GEJVGP WPF 2CVGTC KP FGT GTJQDGPGP .KPMGP UVGJV X X WOIGDGP XQP #VVTKDWVGP FGT 9KUUGPUEJCHVGP FKG CWH FGO $QFGP NKGIGP OO I 5OKTPQX #PO 8QT\ÒINKEJp5VGORGNINCP\

1277

1278

1279

1280

4WDGN 5V 2GVGTUDWTI I (GKPIQNF $KVMKP (D 5EJN

5GJT UEJÌP

4WDGN 5V 2GVGTUDWTI I (GKPIQNF .CPIGT $CTV $KVMKP (D 5EJN 8QT\ÒINKEJp5VGORGNINCP\

4WDGN 5V 2GVGTUDWTI I (GKPIQNF $KVMKP (D 5EJN 8QT\ÒINKEJp5VGORGNINCP\ 4WDGN 5V 2GVGTUDWTI I (GKPIQNF $KVMKP (D 5EJN 8QT\ÒINKEJ

1282

1283

4WDGN 5V 2GVGTUDWTI I (GKPIQNF $KVMKP (D 5EJN

(CUV XQT\ÒINKEJ

4WDGN 5V 2GVGTUDWTI I (GKPIQNF $KVMKP (D 5EJN 0WT 'ZGORNCTG IGRT·IV 8QT\ÒINKEJ

4WDGN 5V 2GVGTUDWTI I (GKPIQNF $KVMKP (D 5EJN 0WT 'ZGORNCTG IGRT·IV -N 4CPFHGJNGT GVYCU DGTKGDGP UGJT UEJÌP XQT\ÒINKEJ

1286

1285

0KMQNCWU ++ 6TCIDCTG IQNFGPG 8GTFKGPUVOGFCKNNG \W &WMCVGP Q , WPUKIPKGTV -QRH N 5EJTKHV PGDGP XGTUEJNWPIGPGP .QTDGGT WPF 'KEJGP\YGKIGP OO I 5OKTPQX C 4 -TCV\GT UGJT UEJÌPpXQT\ÒINKEJ

)QNFGPG 8GTFKGPUVOGFCKNNG Q , WPUKIPKGTV -QRH N 5EJTKHV PGDGP XGTUEJNWPIGPGP .QTDGGT WPF 'K EJGP\YGKIGP OO I 5OKTPQX C 4 $GCTDGKVWPIUURWTGP UGJT UEJÌP

1287

1291

1293

4WDGN 5V 2GVGTUDWTI I (GKPIQNF $KVMKP (D 5EJN 9KP\ 4CPFHGJNGT HCUV XQT\ÒINKEJ

4WDGN 5V 2GVGTUDWTI &C\W 4WDGN 5V 2GVGTUDWTI 4WDGN 5V 2GVGTUDWTI +PUIGUCOV I (GKPIQNF $KVMKP (D 5EJN 5VÒEM 8QT\ÒINKEJp5VGORGNINCP\

4WDGN 5V 2GVGTUDWTI +PUIGUCOV I (GKPIQNF $KVMKP (D Z 5EJN 5VÒEM /GKUV XQT\ÒINKEJ

4WDGN 5V 2GVGTUDWTI +PUIGUCOV I (GKPIQNF $KVMKP (D Z 5EJN 5VÒEM 8QT\ÒINKEJ

4WDGN 5V 2GVGTUDWTI I (GKPIQNF $KVMKP (D 5EJN 8QT\ÒINKEJp5VGORGNINCP\

519,'670+10 4WDGN 6UEJGTYQPG\ .GPKPITCF I (GKPIQNF (D 5EJN 8QT\ÒINKEJp5VGORGNINCP\

4WDGN 6UEJGTYQPG\ .GPKPITCF I (GKPIQNF (D 5EJN

8QT\ÒINKEJ

1296

1295

5%*9'+<

$'40

-CPVQP &WRNQPGP I (GKPIQNF )GMTÌPVGU 9CRRGP 5VGJGPFGT -TKGIGT OKV *GNNGDCTFG WPF (CUEGU & 6 C (D 8QT\ÒINKEJp5VGORGNINCP\

&WMCVGP I )GMTÌPVGU URKV\GU 9CRRGP \YKUEJGP \YGK .QTDGGT\YGKIGP 9GTV WPF ,CJTGU \CJN KP .QTDGGTMTCP\ WOJGT 5EJTKHV & 6 (D 8QT\ÒINKEJp5VGORGNINCP\

1298

1297

&WRNQPG I & 6 (D

(CUV XQT\ÒINKEJ

5VCFV &WMCV I (GKPIQNF & 6 (D D 5EJN 'VYCU WPTGINO·KIGT 4CPF XQT\ÒINKEJp5VGORGNINCP\

<ª4+%*

1300

1299

&WMCV XQP ( #DGTNK CWH FKG ,CJTHGKGT FGT 4GHQTOCVKQP KP FGT 5EJYGK\ I (GKPIQNF $TWUVDKNF <YKPINKU T <GKNGP 5EJTKHV (D 5EJN 5NI 9JKVKPI (CUV 5VGORGNINCP\

<YKPINK YCT FGT GTUVG 4GHQTOCVQT FGT 5EJYGK\ 'T YCT 2HCTTGT KP )NCTWU .GWVRTKGUVGT KP 'KPUKGFGNP CO )TQOÒPUVGT KP <ÒTKEJ 8QP DCWVG <YKPINK OKV <WUVKOOWPI FGU <ÒTKEJGT 4CVU FKG XQO 5VCCV DG UEJÒV\VG 8QNMUMKTEJG CWH +P FGP ,CJTGP IGYCPP GT CWEJ $GTP $CUGN 5V )CNNGP WPF 5VTCDWTI HÒT UGKPG 0GWQTFPWPI FQEJ UGKPG $GOÒJWPIGP KP FGP ÒDTKIGP -CPVQPGP FGT FGWVUEJGP 5EJYGK\ FKG 4GHQTOCVKQP FWTEJ\WHÒJ TGP UVKGGP CWH FGP 9KFGTUVCPF FGT MCVJQNKUEJGP 7TMCPVQPG FKGUG UGV\VGP UKEJ \WT 9GJT WPF DGUKGIVGP FCU *GGT FGT <ÒTEJGT KP FGT 5EJNCEJV DGK -CRRGN KP FGT CWEJ <YKPINK HKGN

&WMCV XQP ( #DGTNK CWH FKG ,CJTHGKGT FGT 4GHQTOCVKQP KP FGT 5EJYGK\ I (GKPIQNF $TWUVDKNF <YKPINKU T <GKNGP 5EJTKHV (D 5EJN 5NI 9JKVKPI 8QT\ÒINKEJp5VGORGNINCP\

1301

1302

'+&)'0155'05%*#(6

(TCPMGP $GTP ,CJTGUVCI FGT )TÒPFWPI FGT 'KFIGPQUUGPUEJCHV I (GKPIQNF (D +P 1TKIKPCNGVWK 2QNKGTVG 2NCVVG

(TCPMGP $GTP ,CJTGUVCI FGT )TÒPFWPI FGT *GNXGVKUEJGP 4GRWDNKM I (GKPIQNF (D +P 1TKIKPCNGVWK 2QNKGTVG 2NCVVG

1303

5'4$+'0

/KNCP +8 1DTGPQYKVUEJ &KPCTC 8 9KGP I (GKPIQNF (D 5EJN (CUV 5VGORGNINCP\

1305

1304

52#0+'0

-¤0+)4'+%*

(GTPCPFQ WPF +UCDGN &QRRGNVG 'ZEGNGPVG Q , 5GXKNNC I &KG IGMTÌPVGP $TWUVDKNFGT GKPCPFGT IGIGPÒDGT FC\YKUEJGP GKP 2WPMV WPVGP 5 \YKUEJGP XKGT 2WPMVGP WPF QDGP GKP 5VGTP #FNGT N JKPVGT IGMTÌPVGO 9CRRGP % % 6 #PO (D 5GJT UEJÌP

(GNKRG ++ 'UEWFQU ,CJTGU\CJN KO 5VGORGN CWU IG·PFGTV 5GXKNNC I % % 6 (D -NGKPG -TCV\GT 2T·IGUEJY·EJG UGJT UEJÌP

1307

1306

%CTNQU +++ 'UEWFQU 5 % 5GXKNNC I )GJCTPKUEJVGU $TWUVDKNF T )GMTÌPVGU 9CRRGP WOJGT 1TFGPUMGVVG % % 6 (D 5GJT UEJÌP

%CTNQU +8 'UEWFQU / /( /CFTKF I (GKPIQNF % % 6 (D 5EJN (CUV UGJT UEJÌP

1308

1309

65%*'%*+'0

$¤*/'0

,QJCPP XQP .WZGODWTI )QNFIWNFGP PCEJ (NQTGPVKPGT 6[R Q , 2TCI I 5VGJGPFGT 5V ,QJCPPGU QDGP $GK\GKEJGP 6WTPKGTJGNO OKV (GFGTUEJOWEM .KNKG &QPGD XCT (D )CO DGTKPK 44 (CUV UGJT UEJÌP

65%*'%*15.19#-'+

4GRWDNKM &WMCVGP -TGOPKV\ ,CJTGUVCI FGT 4GRWDNKM I (GKPIQNF (D 5EJN (CUV 5VGORGNINCP\

1310

1311

&WMCVGP -TGOPKV\ ,CJTGUVCI FGT %JTKUVKCPKUKGTWPI $ÌJOGPU I (GKPIQNF (D 5EJN 0WT 'ZGORNCTG IGRT·IV (CUV 5VGORGNINCP\

&WMCVGP -TGOPKV\ ,CJTGUVCI FGT 'TOQTFWPI FGU 5V 9GP\GN I (GKPIQNF (D 5EJN 0WT 'ZGORNCTG IGRT·IV (CUV 5VGORGNINCP\

1312

1313

&WMCVGP -TGOPKV\ 5V 9GP\GN I (GKPIQNF (D 5EJN 0WT 'ZGORNCTG IGRT·IV 8QT\ÒINKEJp5VGORGNINCP\

&WMCVGP -TGOPKV\ 5V 9GP\GN I (GKPIQNF (D 5EJN 0WT 'ZGORNCTG IGRT·IV (CUV 5VGORGNINCP\

&WMCVGP -TGOPKV\ 5V 9GP\GN I (GKPIQNF (D 5EJN 0WT 'ZGORNCTG IGRT·IV 8QT\ÒINKEJp5VGORGNINCP\

1316

1315

1316

&WMCVGP -TGOPKV\ 5V 9GP\GN \W 2HGTF I (GKPIQNF (D 5EJN 0WT 'ZGORNCTG IGRT·IV (CUV 5VGORGNINCP\

1317

1319

1318

&WMCVGP -TGOPKV\ 5V 9GP\GN \W 2HGTF I (GKPIQNF (D 5EJN 5GNVGPGT ,CJTICPI 0WT 'ZGORNCTG IGRT·IV (CUV 5VGORGNINCP\

)QNFOGFCKNNG \W &WMCVGP XQP < -QN±TUMÓ 'TKPPGTWPIURT·IWPI CWH FGP 6QFGUVCI #NDTGEJVU XQP 9CNNGPUVGKP $TWUVDKNF XQP 9CNNGPUVGKPU OKV JQJGO -TCIGP T )GMTÌPVGU 9CRRGP OO I 5EJN 0WT 'ZGORNCTG IGRT·IV 5VGORGNINCP\

1322

1320

&WMCVGP ,CJTGUVCI FGT 4GRWDNKM 0CEJRT·IWPI I (GKPIQNF (D 5EJN 0WT 'ZGORNCTG IGRT·IV 5VGORGNINCP\ &WMCVGP ,CJTGUVCI FGT 4GRWDNKM 0CEJRT·IWPI I (GKPIQNF (D 5EJN 0WT 'ZGORNCTG IGRT·IV 5VGORGNINCP\

65%*'%*+5%*' 56 &6'

#UEJ )QNFOGFCKNNG XQP ' # # CWH FKG ,CJTHGKGT FGT #WIUDWTIGT -QPHGUUKQP $TWUVDKNF .WVJGTU JCNDT OKV $WEJ 5VCFVYCRRGP ÒDGT 5EJTKHVDCPF FCTWPVGT XKGT <GKNGP 5EJTKHV OO I 5NI 9JKVKPI 5EJPGNN 44 5VGORGNINCP\

1323

6ª4-'+

#DFWN *COKF ++ 2KCUVGT #* 4GIKGTWPIULCJT -QPUVCPVKPQRGN

+UVCPDWN .WZWURT·IWPI I (GKPIQNF (D 5EJN 0WT 'ZGORNCTG IGRT·IV 8QT\ÒINKEJ

1325

1324

1326

2KCUVGT #* 4GIKGTWPIULCJT -QPUVCPVKPQRGN +UVCPDWN I (GKPIQNF (D 5EJN (CUV XQT\ÒINKEJ /QJCOOGF 8 2KCUVGT #* 4GIKGTWPIULCJT -QPUVCPVKPQRGN

+UVCPDWN .WZWURT·IWPI I (GKPIQNF (D 5EJN 8QT\ÒINKEJ 4GRWDNKM UGKV 2KCUVGT -QPUVCPVKPQRGN +UVCPDWN .WZWURT·IWPI I (GKPIQNF (D 5EJN 8QT\ÒINKEJp5VGORGNINCP\ 2KCUVGT -QPUVCPVKPQRGN +UVCPDWN .WZWURT·IWPI I (GKPIQNF (D 5EJN 8QT\ÒINKEJp5VGORGNINCP\

1328

1329

70)#40

-CTN 4QDGTV )QNFIWNFGP Q , (NQTGPVKPGT 6[R I (D 2QJN # C 4 5GJT UEJÌP

.WFYKI + )QNFIWNFGP Q , $WFC (NQTGPVKPGT 6[R I -COOGTITCH .QTCPFWU (D 2QJN $ 5GJT UEJÌPpXQT\ÒINKEJ

&CU XQTNKGIGPFG 5VÒEM KUV FGT GTUVG WPICTKUEJG )QNFIWNFGP 2QJN JCV DGYKGUGP FC FKG 5VÒEMG OKV FGO $GK\GKEJGP -TQPG PCEJ 7PICTP IGJÌTGP 'U JCPFGNV UKEJ WO FKG 5VGRJCPUMTQPG FCU WPICTKUEJG 5VCCVUU[ODQN +O 6GUVCOGPV FGU $KUEJQHU -QPTCF XQP 1NOÒV\ YGTFGP FGTCTVKIG /ÒP\GP GTY·JPV

1330

1331

1332

1333

1334

)QNFIWNFGP Q , $WFC (NQTGPVKPGT 6[R I -COOGTITCH .QTCPFWU (D 2QJN $ 5GJT UEJÌPpXQT\ÒINKEJ

5KIKUOWPF )QNFIWNFGP Q , $WFC I -COOGTITCH (TCPEKUEWU $GTPCTFK (D 2QJN & 8QT\ÒINKEJ

)QNFIWNFGP Q , -CUEJCW I -COOGTITCHGP ,CEQDWU WPF %JTKUVKCPWU ! (D 2QJN & 9KP\ -TCV\GT XQT\ÒINKEJp5VGORGNINCP\

)QNFIWNFGP Q , -CUEJCW I -COOGTITCHGP YCJTUEJGKPNKEJ ,CEQDWU WPF %JTKUVKC PWU /KV #FNGT KO WPF (GNF FGU 9CRRGPU (D 2QJN & 5GJT UEJÌP

)QNFIWNFGP Q , $WFC I -COOGTITCH ,CEQDWU 8GPVWT (D 2QJN & 8QT\ÒINKEJ

1335

1336

1337

1338

1339

)QNFIWNFGP Q , XQT 1HHGPD±P[C I -COOGTITCH 7NTKEJ -COGTGT (D 2QJN & 8QT\ÒINKEJ

)QNFIWNFGP Q , -TGOPKV\ I -COOGTITCH ,QJCPPGU 5KGDGPNKPFGT (D 2QJN & 5GJT UEJÌPpXQT\ÒINKEJ

)QNFIWNFGP Q , -TGOPKV\ I -COOGTITCH ,QJCPPGU 5KGDGPNKPFGT (D 2QJN & 5GJT UEJÌP

)QNFIWNFGP Q , -TGOPKV\ I -COOGTITCH 2GVTWU .QPIWU QFGT .GQPCTFQ 0 $CTFK (D 2QJN & 8QT\ÒINKEJp5VGORGNINCP\

)QNFIWNFGP Q , PCEJ 0CI[D±P[C I -COOGTITCH WPF 5EJCV\OGKUVGT 5VGRJCPWU 4GOGVGK (D 2QJN & 8QT\ÒINKEJ

1341

1340

.CFKUNCWU 8 )QNFIWNFGP Q , -TGOPKV\ I -COOGTITCH 2GVTWU ,WPI (D 2QJN * 8QT\ÒINKEJ

)QNFIWNFGP Q , -TGOPKV\ I -COOGTITCH %JTKUVKCP 4ÒUUGN (D 2QJN * 8QT\ÒINKEJ

1342

1344

1343

1345

/CVVJKCU %QTXKPWU )QNFIWNFGP Q , 0CI[D±P[C I 5V·FVKUEJG 2T·IWPI (D 2QJN - 5GJT UEJÌPpXQT\ÒINKEJ

)QNFIWNFGP Q , CD 0CI[D±P[C I 5V·FVKUEJG 8GTYCNVWPI (D 2QJN - 8QT\ÒINKEJ

9NCFKUNCWU ++ )QNFIWNFGP Q , -TGOPKV\ I -COOGTITCHGP #PFTGCU *GN NGPDTCPV WPF (TCP\ -ÌTPKFGN (D 2QJN . 8QT\ÒINKEJ

)QNFIWNFGP Q , WO -TGOPKV\ I -COOGTITCH *CPU 6JWT\É (D 2QJN . 8QT\ÒINKEJp5VGORGNINCP\

1346

1347

1348

)QNFIWNFGP Q , -TGOPKV\ I -COOGTITCH *CPU 6JWT\É (D 2QJN . (CUV XQT\ÒINKEJ

)QNFIWNFGP -TGOPKV\ I -COOGTITCH )GQTI 6JWT\É (D 2QJN . 4 (CUV XQT\ÒINKEJ

.WFYKI ++ )QNFIWNFGP -TGOPKV\ I -COOGTITCH #NGZKWU 6JWT\É (D 2QJN / 4 8QT\ÒINKEJp5VGORGNINCP\

1349

8QNMUTGRWDNKM (QTKPV 6QFGUVCI XQP /KMNQU <TKP[K I (GKPIQNF (D 5EJN 0WT 'ZGORNCTG IGRT·IV 2QNKGTVG 2NCVVG

)1.&/ª0<'0 70& /'&#+..'0 #75 ª$'45''

1350

);26'0

#DFWN *COKF ++ 2KCUVGT #* 4GIKGTWPIULCJT /KUT I (GKP IQNF 6WIJTC OKV <YGKI QFGT )JCUK $GK\GKEJGP FCTWPVGT 9GTVCPICDG ,CJT FGT 6JTQPDGUVGKIWPI 4GIKGTWPIULCJT WPF .CPFGUPCOG (D 5EJN 8QT\ÒINKEJ

1352

1351

2KCUVGT #* 4GIKGTWPIULCJT /KUT I (GKPIQNF (D 5GJT UEJÌPpXQT\ÒINKEJ

(WCF 2KCUVGT #* I (GKPIQNF (D 0WT 'ZGORNCTG IGRT·IV 8QT\ÒINKEJ

1353

1354 Piéfort

37#614+#. )7+0'#

4GRWDNKM UGKV 'MWGNG CWH FKG (WDCNNYGNVOGKUVGTUEJCHV KP #TIGPVKPKGP I (GKPIQNF (D 0WT 'ZGORNCTG IGRT·IV 2QNKGTVG 2NCVVG

'MWGNG CWH FKG (WDCNNYGNVOGKUVGTUEJCHV KP #TIGPVKPKGP 2TQDG &KEMCDUEJNCI I (GKPIQNF (D XIN 5EJÌP D #PO 8QP ITQGT 5GNVGPJGKV 0WT 'ZGORNCTG IGRT·IV 2QNKGTVG 2NCVVG

1355

1356

1355

6*+12+'0

/GPGNKM ++ 9CTM I (D

(GKPG )QNFVÌPWPI HCUV 5VGORGNINCP\

$KTT 2TQDG KP )QNF I )GMTÌPVGU $TWUVDKNF T .ÌYG N·WHV N OKV -TGW\HCJPG - / 2P 44 8QT\ÒINKEJ 45

1357

1358

1359

#7564#.+'0

8KEVQTKC 5QXGTGKIP 5[FPG[ ;QWPI JGCF I (GKPIQNF (D 5EJN 5GJT UEJÌPpXQT\ÒINKEJ

5QXGTGKIP 5 5[FPG[ ;QWPI JGCF I (GKPIQNF (D 5EJN 5GCD[ # (CUV XQT\ÒINKEJ

5QXGTGKIP 5 5[FPG[ ;QWPI JGCF I (GKPIQNF (D 5EJN 5GCD[

5QXGTGKIP / /GNDQWTPG ;QWPI JGCF &C\W 5QXGTGKIP / /GNDQWTPG 1NF *GCF +PIGUCOV I (GKPIQNF (D 5EJN 5GCD[ # 5VÒEM 5GJT UEJÌPpXQT\ÒINKEJ WPF XQT\ÒINKEJp5VGORGNINCP\

8QT\ÒINKEJ

1362

1361

'NK\CDGVJ ++ UGKV &QNNCTU 7P\GP ,CJT FGU &TCEJGP I (GKPIQNF (D 2QNKGTVG 2NCVVG

&QNNCTU 7P\GP ,CJT FGT 5EJNCPIG I (GKPIQNF (D

2QNKGTVG 2NCVVG

1364

ex 1363

$#*#/#5

'NK\CDGVJ ++ UGKV 5GV XQP &QNNCTU +PUIGUCOV I (GKPIQNF (D 5VÒEM +P 1TKIKPCNGVWK 2QNKGTVG 2NCVVG

$4#5+.+'0

/CTKC + 4GKU 4 4KQ FG ,CPGKTQ I (D )QOGU / (CUV XQT\ÒINKEJ

1365

1366

1365

2GVGT ++ 4GKU 4KQ FG ,CPGKTQ I (GKPIQNF (D FQTV HCNUEJG #DDKN FWPI (CUUWPIUURWTGP UGJT UEJÌP

4GRWDNKM UGKV 4GKU I (GKPIQNF (D

(CUV XQT\ÒINKEJ

1367

%*+.'

(GTPCPFQ 8++ 'UEWFQU 51 (, 5CPVKCIQ I (GKPIQNF % % 6 (D 5EJN 5GJT UEJÌP

1368

1369

1370

)7+0'#

4GRWDNKM (TCPEU 2CTKU CWH FGP ,CJTGUVCI FGT 7PCDJ·PIKIMGKV #RQNNQ I (GKPIQNF /KV )GIGPUVGORGN WPF (ÒNNJQTP T XQP (D \W - / \W 44 2QNKGTVG 2NCVVG

(TCPEU 2CTKU CWH FGP ,CJTGUVCI FGT 7PCDJ·PIKIMGKV 4CWOUEJKHH 5QLW\ I (GKPIQNF /KV )GIGPUVGORGN WPF (ÒNNJQTP T XQP (D \W - / \W 44 2QNKGTVG 2NCVVG

(TCPEU 2CTKU CWH FGP ,CJTGUVCI FGT 7PCDJ·PIKIMGKV /QPFNCPFWPI XQP #RQNNQ I (GKPIQNF /KV )GIGPUVGORGN (ÒNNJQTP N XQP (4#0%5 (D - / \W 2QNKGTVG 2NCVVG

1371

1372

*10) -10)

)QNFOGFCKNNG 7P\G Q , 2TKXCVRT·IWPI 6UG 5WK .WGP ,GYGNNGT[ +PVGTPCVKQPCN .KOKVGF 6KIGTMQRH N WOJGT 5EJTKHV\GKEJGP 65. KP -TGKU WOJGT 5EJTKHV\GKEJGP WPF (KTOGPPCOG OO I (GKPIQNF (D 8QT\ÒINKEJp5VGORGNINCP\

+0&+'0

1UVKPFKUEJG -QORCPKG /QJWT Q , $QODC[ I (GKPIQNF (D 5EJN -N &TWEMUVGNNG GVYCU $GNCI XQT\ÒINKEJ

1374 1373

1373

+4#-

4GRWDNKM &KPCTU ,CJTG *GIKTC /QUEJGG I (GKPIQNF (D 8QT\ÒINKEJp5VGORGNINCP\

0CUTGFKP 6QOCP Q , I (GKPIQNF (D - /

+4#0 8QT\ÒINKEJ

1375

1376

6QOCPU #* I (GKPIQNF (D 6QOCPU #* I (GKPIQNF (D

1379

8QT\ÒINKEJ 8QT\ÒINKEJ

1379

1377

/W\\CHHCTGFKP )QNFOGFCKNNG \W 6QOCPU #* I (GKPIQNF - / /8 -N -TCV\GT HCUV XQT\ÒINKEJ

#JOGF 6QOCP #* I (GKPIQNF (D 5GJT UEJÌPpXQT\ÒINKEJ 4K\C -JCP 2CJNGXK 2CJNGXK 5* I (GKPIQNF (D 8QT\ÒINKEJ

1380

1381

/QJCOOGF 4K\C 2CJNGXK )QNFOGFCKNNG \W 2CJNGXK Q , CWH FKG 'RKFGOKG KP +TCP $ÒUVG FGU 5EJCJU T -TQPG ÒDGT <GKNGP CTCDKUEJG 5EJTKHV WOJGT .QTDGGTMTCP\ OO I (CUV XQT\ÒINKEJ

2CJNGXK 5* I (GKPIQNF (D

8QT\ÒINKEJp5VGORGNINCP\

ex 1383 1382

1382

4KCNU CWH FKG ,CJTHGKGT FGT RGTUKUEJGP /QPCTEJKG I (GKPIQNF (D 2QNKGTVG 2NCVVG

)QNFOGFCKNNG /5 CWH FCU L·JTKIG ,WDKN·WO FGT 2CJNGXK &[PCUVKG $TWUVDKNFGT FGU 5EJCJU WPF UGKPGU 8CVGTU 4K\C -JCP 2CJNGXK T 2CNCUVCPUKEJV OO I &C\W GKP YGKVGTGU 'ZGORNCT LGFQEJ QMVQIQPCN OO I 5VÒEM 2QNKGTVG 2NCVVG

1384

2CJNGXK /5 CWH FCU L·JTKIG 4GIKGTWPIULWDKN·WO FGT 2CJNGXK &[PCUVKG I (GKPIQNF (D 8QT\ÒINKEJp5VGORGNINCP\

1385

1388

1389

,#2#0

/WVUWJKVQ ;GP ,CJT /GKLK TC 1UCMC I (GKPIQNF (D ,CEQDU 8GTOGWNG 2 4 8QT\ÒINKEJp5VGORGNINCP\

;GP ,CJT /GKLK TC 1UCMC I (GKPIQNF (D ,CEQDU 8GTOGWNG 2 4 8QT\ÒINKEJp5VGORGNINCP\

;GP ,CJT /GKLK TC 1UCMC I (GKPIQNF (D ,CEQDU 8GTOGWNG / 5GJT UEJÌPpXQT\ÒINKEJ

;GP ,CJT /GKLK TC 1UCMC I (GKPIQNF (D ,CEQDU 8GTOGWNG 0

8QT\ÒINKEJ

*KTQJKVQ ;GP L·JTKIGU 4GIKGTWPIULWDKN·WO I (GKPIQNF (D 2T·IGHTKUEJ

.QV XQP 0K $W $CP -KP CWU FGT #PUGK TC Z WPF CWU FGT /CPGP TC Z 0K 5JW -KP CWU FGT 6GORQ TC Z WPF CWU FGT /CPGP TC Z 5VÒEM 5GJT UEJÌP

1392 Pt

1390

1392 Pt

.16

-1.7/$+'0

%CTNQU +8 'UEWFQU 2 5( 2QRC[CP /KV /ÒP\\GKEJGP 2 5( CPUVCVV 2 ,( HÒT 2QRC[CP % % 6 \W (D XIN (WEJU \W 5EJN \W 2.#6+0 XGTIQNFGV 5GJT UEJÌP

$GK FKGUGT UGNVGPGP 2NCVKPRT·IWPI JCPFGNV GU UKEJ WO GKPG \GKVIGPÌUUKUEJG 0CEJCJOWPI FWTEJ UVCCVNKEJG /ÒP\DGCOVG &GT 2TGKU HÒT 2NCVKP DGVTWI IGIGP 'PFG FGU WPF KP FGT *·NHVG FGU ,CJTJWPFGTVU PWT GVYC FGU )QNF RTGKUGU &KG 2NCVKPUVÒEMG YWTFGP XGTIQNFGV WPF \WUCOOGP OKV FGP TGIWN·TGP )QNFOÒP\GP INGKEJGP 6[RU KP 8GTMGJT IGDTCEJV

4GRWDNKM -QNWODKGP I 'UEWFQU $QIQVC (D &C\W (GTFKPCPF 8+ 'UEWFQU 04 , 5CPVC (G (D % % 6 8GPG\WGNC 4GRWDNKM )QNFOGFCKNNG $TWUVDKNF #FQNH *KVNGTU WOJGT 5EJTKHV #FNGT WOJGT 5EJTKHV OO I +PUIGUCOV I (GKPIQNF 5VÒEM 5EJÌPpUGJT UEJÌP WPF XQT\ÒINKEJ Z

1394

1395

1396

4GRWDNKM 0WGXC )TCPCFC 2GUQU $QIQVC I (GKPIQNF (D

8QT\ÒINKEJ

/':+-1

%CTNQU +8 'UEWFQU /Q (6 /GZKMQ %KV[ I (GKPIQNF (D )TQXG 5EJN $TQUEJKGTURWTGP UGJT UEJÌP

4GRWDNKM 'UEWFQU )Q 2/ )WCPCLWCVQ I (GKPIQNF (D )TQXG 5GJT UEJÌP

1397

1398

1399

/CZKOKNKCP 2GUQU /GZKMQ %KV[ I (GKPIQNF (D )TQXG 9KP\ 4CPFHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

/CZKOKNKCP FGT LÒPIGTG $TWFGT FGU -CKUGTU (TCP\ ,QUGH + XQP ¤UVGTTGKEJ PCJO FKG KJO CWH $GVTGKDGP 0CRQNG QPU +++ CPIGVTCIGPG OGZKMCPKUEJG -CKUGTMTQPG CP 'T IGTKGV FWTEJ UGKPG NKDGTCNG 'KPUVGNNWPI UEJPGNN KP -QPHNKMV OKV FGP -QPUGTXCVKXGP WPF -NGTKMCNGP FGU .CPFGU WPF XGTUVCPF UKEJ CWEJ PKEJV OKV FGO $GHGJNUJCDGT FGT HTCP\ÌUKUEJGP 6TWRRGP 0CEJ FGO XQP FGP 8GTGKPKIVGP 5VCCVGP GT\YWPIGPGP 4ÒEM\WI FGU HTCP\ÌUKUEJGP 'ZRGFKVKQPUMQTRU YWTFG FKG IGO·KIVG WPF CWUINGKEJGPFG 2QNKVKM /CZKOKNKCPU FGT UKEJ YGKIGTVG OKV FGP (TCP\QUGP FCU .CPF \W XGTNCUUGP DCNF WPJCNVDCT &GT -CKUGT HKGN CO /CK FWTEJ 8GTTCV KP FKG )GYCNV FGU 2T·UKFGPVGP ,WCTG\ WPF YWTFG CO ,WPK OKV \YGK )GPGT·NGP JKPIGTKEJVGV &CU VTCIKUEJG 'PFG FGU PWT ,CJTG CNVGP CWH RQNKVKUEJG +TTYGIG IGHÒJTVGP CDGT RGTUÌPNKEJ KPVGITGP /CZKOKNKCPU HCPF KP FGT ÌHHGPVNKEJGP /GKPWPI 'WTQRCU NGDJCHVGP 9KFGT JCNN

4GRWDNKM 2GUQU /GZKEQ %KV[ I (GKPIQNF (D )TQXG 9KP\ 4CPFHGJNGT XQT\ÒINKEJ

2GUQU /GZKEQ %KV[ I (GKPIQNF (D )TQXG

8QT\ÒINKEJ

1400

1402

1401

2'47

%CTNQU +++ 'UEWFQU .KOC I (GKPIQNF % % 6 (D

%CTNQU +8 'UEWFQU .KOC I )GJCTPKUEJVGU $TWUVDKNF T OKV WOIGNGIVGO /CPVGN )GMTÌPVGU 9CRRGP WOJGT FKG -GVVG FGU 1TFGPU XQO )QNFGPGP 8NKGU % % 6 (D 5EJN ªDGTFWTEJUEJPKVVNKEJ GTJCNVGP 8QT\ÒINKEJ

4GRWDNKM UGKV 5QNGU I (GKPIQNF (D

1403

1405

5GJT UEJÌP

(CUV 5VGORGNINCP\

1403

5ª&#(4+-#

5ÒFCHTKMCPKUEJG 4GRWDNKM 2QWPF I (GKPIQNF (D

'NK\CDGVJ ++ ,CJTICPIUUCV\ DGUVGJGPF CWU 2QWPF (D 5EJN WPF 5JKNNKPI - / WPF 2GPEG - / -W 2GPP[ WPF -W 2GPP[ - / +PUIGUCOV I (GKPIQNF 5VÒEM <WO 6GKN )QNF 2TCEJVGZGORNCTG XQP RQNKGTVGP 5VGORGNP +P 1TKIKPCNGVWK (CUV 5VGORGNINCP\

4GRWDNKM UGKV )QNFOGFCKNNG 7P\G CWH FCU IQNFGPG ,WDKN·WO FGT 8GTGKPKIWPI FGT 5VCCVGP 6TCPUXCCN WPF 1TCPIG (TGG OKV FGP DTKVKUEJGP -QNQPKGP KP FKG 7PKQP 5ÒFCHTKMC )GD·WFGCPUKEJV WOJGT GPINKUEJG 5EJTKHV )TCUGPFG 5RTKPIDÌEMG WOJGT GPINKUEJG 5EJTKHV OO I (GKPIQNF (D 8QT\ÒINKEJp5VGORGNINCP\

)QNFOGFCKNNG 7P\G CWH FCU IQNFGPG ,WDKN·WO FGT 8GTGKPKIWPI FGT 5VCCVGP 6TCPUXCCN WPF 1TCPIG (TGG OKV FGP DTKVKUEJGP -QNQPKGP KP FKG 7PKQP 5ÒFCHTKMC )GD·WFGCPUKEJV WOJGT PKGFGTN·PFK UEJG 5EJTKHV )TCUGPFG 5RTKPIDÌEMG WOJGT PKGFGTN·PFKUEJG 5EJTKHV OO I (GKPIQNF (D 8QT\ÒINKEJp5VGORGNINCP\

8QT\ÒINKEJ

1407

6*#+.#0&

$JWOKDQN UGKV $CJV CWH FGP )GDWTVUVCI FGT -ÌPKIKP 5KTKMKV I (GKPIQNF (D 5VGORGNINCP\

1409

1408

8'4'+0+)6' 56##6'0 810 #/'4+-# 75#

(ÌFGTCVKQP &QNNCTU 2JKNCFGNRJKC .KDGTV[ I (GKPIQNF (D -N 4CPFHGJNGT HCUV UGJT UEJÌP

&QNNCTU 2JKNCFGNRJKC .KDGTV[ I (GKPIQNF (D

1410

1411

5GJT UEJÌP

1412

&QNNCTU 5 5CP (TCPEKUEQ .KDGTV[ I (GKPIQNF (D

5GJT UEJÌP

&QNNCTU 2JKNCFGNRJKC .KDGTV[ I (GKPIQNF (D ªDGTFWTEJUEJPKVVNKEJ GTJCNVGP (CUV XQT\ÒINKEJ

&QNNCTU 5 5CP (TCPEKUEQ .KDGTV[ I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D 5EJÌPpUGJT UEJÌP

1413

1414

1415

&QNNCTU 5 5CP (TCPEKUEQ .KDGTV[ I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D 9KP\ -TCV\GT HCUV XQT\ÒINKEJ

&QNNCTU 5 5CP (TCPEKUEQ .KDGTV[ I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D 5GJT UEJÌP

&QNNCTU 2JKNCFGNRJKC .KDGTV[ I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D 8QT\ÒINKEJ

1416

1417

&QNNCTU 5 5CP (TCPEKUEQ .KDGTV[ I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D 5GJT UEJÌPpXQT\ÒINKEJ

&QNNCTU 5 5CP (TCPEKUEQ .KDGTV[ I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D -N -TCV\GT UGJT UEJÌP

1418

1419

1420

&QNNCTU 5 5CP (TCPEKUEQ .KDGTV[ I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D 9KP\ -TCV\GT XQT\ÒINKEJ

&QNNCTU 5 5CP (TCPEKUEQ .KDGTV[ I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D 5GJT UEJÌP

&QNNCTU 5 5CP (TCPEKUEQ .KDGTV[ I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D 5GJT UEJÌPpXQT\ÒINKEJ

1421

1422

1423

&QNNCTU 5 5CP (TCPEKUEQ .KDGTV[ I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D /KP 4CPFHGJNGT XQT\ÒINKEJ

&QNNCTU 5 5CP (TCPEKUEQ .KDGTV[ I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D (CUV XQT\ÒINKEJ

&QNNCTU 5 5CP (TCPEKUEQ .KDGTV[ I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D -N 4CPFHGJNGT HCUV XQT\ÒINKEJ 53

1425

1424

&QNNCTU 5 5CP (TCPEKUEQ .KDGTV[ I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D (CUV 5VGORGNINCP\

&QNNCTU 2JKNCFGNRJKC .KDGTV[ I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D 8QT\Ã&#x2019;INKEJ

1426

1427

1428

&QNNCTU 5 5CP (TCPEKUEQ .KDGTV[ I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D 8QT\Ã&#x2019;INKEJp5VGORGNINCP\

&QNNCTU 5 5CP (TCPEKUEQ .KDGTV[ I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D 8QT\Ã&#x2019;INKEJ

&QNNCTU 5 5CP (TCPEKUEQ .KDGTV[ I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D 8QT\Ã&#x2019;INKEJp5VGORGNINCP\

1429

1430

1431

&QNNCTU 5 5CP (TCPEKUEQ .KDGTV[ I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D 8QT\Ã&#x2019;INKEJp5VGORGNINCP\

&QNNCTU 2JKNCFGNRJKC .KDGTV[ I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D 8QT\Ã&#x2019;INKEJp5VGORGNINCP\

&QNNCTU 5 5CP (TCPEKUEQ .KDGTV[ I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D (CUV 5VGORGNINCP\

1432

1433

&QNNCTU 2JKNCFGNRJKC 5VCVWG I (GKPIQNF (D &QNNCTU 2JKNCFGNRJKC 5VCVWG I (GKPIQNF (D

8QT\Ã&#x2019;INKEJ 8QT\Ã&#x2019;INKEJ

1435

1434

1436

&QNNCTU 5 5CP (TCPEKUEQ 5VCVWG I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D 8QT\Ã&#x2019;INKEJ

&QNNCTU 2JKNCFGNRJKC 5VCVWG I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D 8QT\Ã&#x2019;INKEJ

&QNNCTU & &GPXGT 5VCVWG I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D 8QT\Ã&#x2019;INKEJ

1437

1438

1439

1440

&QNNCTU 5 5CP (TCPEKUEQ 5VCVWG I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D (CUV 5VGORGNINCP\

&QNNCTU 2JKNCFGNRJKC 5VCVWG I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D 8QT\Ã&#x2019;INKEJp5VGORGNINCP\

&QNNCTU 2JKNCFGNRJKC 5VCVWG I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D (CUV 5VGORGNINCP\

&QNNCTU 2JKNCFGNRJKC 5VCVWG I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D 8QT\Ã&#x2019;INKEJp5VGORGNINCP\

1441

1442

&QNNCTU 2JKNCFGNRJKC 5VCVWG I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D (CUV 5VGORGNINCP\

&QNNCTU 2JKNCFGNRJKC 5VCVWG I (GKPIQNF /KV /QVVQ +0 )1& 9' 64756 (D 8QT\ÒINKEJp5VGORGNINCP\

1444

1443

&QNNCTU 1 0GY 1TNGCPU .KDGTV[ I (GKPIQNF (D &QNNCTU 2JKNCFGNRJKC .KDGTV[ I (GKPIQNF (D

5GJT UEJÌP 4CPFHGJNGT UGJT UEJÌP

1445

1446

&QNNCTU 2JKNCFGNRJKC .KDGTV[ I (GKPIQNF (D &QNNCTU %% %CTUQP %KV[ .KDGTV[ I (GKPIQNF (D

1447

1448

&QNNCTU 2JKNCFGNRJKC .KDGTV[ I (GKPIQNF (D &QNNCTU 5 5CP (TCPEKUEQ .KDGTV[ I (GKPIQNF (D &QNNCTU 2JKNCFGNRJKC .KDGTV[ I (GKPIQNF (D &QNNCTU & &GPXGT .KDGTV[ I (GKPIQNF (D

1451

&QNNCTU 2JKNCFGNRJKC +PFKCPGT I (GKPIQNF (D &QNNCTU & &GPXGT +PFKCPGT I (GKPIQNF (D

8QT\ÒINKEJ 9KP\ 4CPFHGJNGT UGJT UEJÌP

1449

1450

(CUV 5VGORGNINCP\ 8QT\ÒINKEJp5VGORGNINCP\ 8QT\ÒINKEJ 5GJT UEJÌP

1452

9KP\ 4CPFHGJNGT UGJT UEJÌP 8QT\ÒINKEJ

1453

1454

1455

1456

1457

&QNNCTU 2JKNCFGNRJKC +PFKCPGT I (GKPIQNF (D &QNNCTU 2JKNCFGNRJKC +PFKCPGT I (GKPIQNF (D &QNNCTU 2JKNCFGNRJKC +PFKCPGT I (GKPIQNF (D

8QT\ÒINKEJ 8QT\ÒINKEJ 8QT\ÒINKEJp5VGORGNINCP\

&QNNCTU %% %CTUQP %KV[ .KDGTV[ I (GKPIQNF (D 44 0WT 5VÒEM IGRT·IV 5GJT UEJÌP

&QNNCTU 5 5CP (TCPEKUEQ .KDGTV[ I (GKPIQNF (D

1458

&QNNCTU 2JKNCFGNRJKC .KDGTV[ I (GKPIQNF (D &QNNCTU %% %CTUQP %KV[ .KDGTV[ I (GKPIQNF (D &QNNCTU 2JKNCFGNRJKC .KDGTV[ I (GKPIQNF (D

1461

1459

1462

&QNNCTU 5 5CP (TCPEKUEQ .KDGTV[ I (GKPIQNF (D &QNNCTU 2JKNCFGNRJKC .KDGTV[ I (GKPIQNF (D &QNNCTU 2JKNCFGNRJKC .KDGTV[ I (GKPIQNF (D

1466 1464

&QNNCTU 2JKNCFGNRJKC +PFKCPGT I (GKPIQNF (D &QNNCTU 2JKNCFGNRJKC +PFKCPGT I (GKPIQNF (D &QNNCT 2JKNCFGNRJKC .KDGTV[ I (GKPIQNF (D

(CUV XQT\ÒINKEJ

1460

8QT\ÒINKEJ (CUV UGJT UEJÌP (CUV 5VGORGNINCP\

1463

5GJT UEJÌP (CUV XQT\ÒINKEJ (CUV XQT\ÒINKEJ

1465

(CUV XQT\ÒINKEJ 5GJT UEJÌP (CUV 5VGORGNINCP\

1467

#00#/

8+'60#/

6JKGW 6TK 6KGP Q , I 5EJTKHV 6JKGW 6TK 6JQPI $CQ KO <GPVTWO IGNQEJV 5EJTKHV 0JCV 0IW[GP (D 5EJTQGFGT $ 4 5GJT UEJÌP

)1.&/ª0<'0 70& /'&#+..'0 &'4 *#$5$74)+5%*' '4$.#0&' ¤56'44'+%*

1468

6+41. )4#(5%*#(6

'T\JGT\QI 5KIKUOWPF )QNFIWNFGP Q , PCEJ *CNN 2QUVJWOG 2T·IWPI 5VGORGN XQP 7NTKEJ 7TUGPVCNGT F I 'T\JGT\QI UVGJV X X OKV <GRVGT WPF 5EJYGTV )QVKUEJGU $NWOGP MTGW\ KP FGP 9KPMGNP FKG 9CRRGPUEJKNFG XQP ¤UVGTTGKEJ -·TPVGP 5VGKGTOCTM WPF 6KTQN (D / 6 5GJT UEJÌP 'T\JGT\QI 5KIKUOWPF +PPUDTWEM Ó +PPUDTWEM YCT FGT 5QJP (TKGFTKEJU +8 FGT FWTEJ RGTOCPGPVG )GNFPQV FGP $GKPCOGP OKV FGT NGGTGP 6CUEJG GTJKGNV 'TUV YWTFG 5KIKUOWPF CWU FGT 8QTOWPF UEJCHV -CKUGT (TKGFTKEJU +++ GPVNCUUGP 5GKV FGO &G\GODGT HÒJTVG GT FGP 6KVGN 'T\JGT\QI 'T UEJNQ FKG /ÒP\UV·VVG KP /GTCP WPF GTÌHHPGVG FKG /ÒP\UV·VVG *CNN DGK +PPUDTWEM FKG UKEJ TCUEJ \W GKPGT FGT OQFGTPUVGP WPF RTQFWMVKXUVGP /ÒP\UV·VVGP YGNVYGKV GPVYKEMGNP UQNNVG &WTEJ FKG TGKEJGP 5KNDGTDGTIYGTMG 6KTQNU XQT CNNGO KP 5EJYC\ YWTFG UGKPG WOHCUUGPFG )GNFTGHQTO GTOÌINKEJV FKG KJO FGP $GKPCOGP FGT /ÒP\TGKEJG GKPDTCEJVG #O /·T\ ÒDGTNKG GT 6KTQN WPF FKG 8QTNCPFG UGKPGO 8GVVGT /CZKOKNKCP +

1470

1469

4¤/+5%* &'765%*'5 4'+%*

(GTFKPCPF + &WMCV -$ -TGOPKV\ I (D /CTMN NGKEJV XCT (CUV 5VGORGNINCP\

&WMCV -$ -TGOPKV\ I (D /CTMN

8QT\ÒINKEJ

1471

1472

&WMCV -$ -TGOPKV\ I (D /CTMN

2TCEJVGZGORNCT (CUV 5VGORGNINCP\

&WMCV -$ -TGOPKV\ I (D /CTMN XCT 9KP\ 5EJTÌVNKPIUTK XQT\ÒINKEJp5VGORGNINCP\

1473

1474

&WMCV -$ -TGOPKV\ I (D /CTMN NGKEJV XCT &WMCV -$ -TGOPKV\ I (D /CTMN XCT

1475

8QT\ÒINKEJ 8QT\ÒINKEJ

1476

&WMCV -$ -TGOPKV\ I (D /CTMN XCT

8QT\ÒINKEJ

/CZKOKNKCP ++ &WMCV -$ -TGOPKV\ I (D *WU\CT .GKEJV IGYGNNV UGJT UEJÌP

1477

1478

'T\JGT\QI -CTN &WMCV -NCIGPHWTV I (D / \ # 5 4 'VYCU IGYGNNV MN -TCV\GT CWH FGT 8QTFGTUGKVG UQPUV XQT\ÒINKEJ

4WFQNH ++ &WMCV 2TCI I /ÒP\OGKUVGT *CPU *CTFGT &KGVKMGT \W FQTV XQP WPF (D \W *CNCEMC .GKEJV IGYGNNV UGJT UEJÌP

1479

1480

&WMCV -$ -TGOPKV\ I (D *WU\CT

&WMCV 2TCI I /ÒP\OGKUVGT .C\CT WPF 5WUCPPC 'TEMGT &KGVKMGT (D *CNCEMC (CUV XQT\ÒINKEJ

1481

1482

5GJT UEJÌP

1481

&WMCV 2TCI I /ÒP\OGKUVGT .C\CT WPF 5WUCPPC 'TEMGT &KGVKMGT (D XCT *CNCEMC 4CPFHGJNGT NGKEJV IGYGNNV UGJT UEJÌPpXQT\ÒINKEJ

(GTFKPCPF +++ &WMCVGP 9KGP I &GT IGJCTPKUEJVG WPF IGMTÌPVG -CKUGT UVGJV T OKV <GRVGT WPF 4GKEJUCRHGN \YKUEJGP \YGK 9CRRGPUEJKNFGP )GMTÌPVGT &QRRGNCFNGT OKV 9CR RGPUEJKNF CWH FGT $TWUV KP FGP (·PIGP 5EJYGTV WPF <GRVGT (D *GTKPGM 5GJT UEJÌP

1483

.GQRQNF + &WMCVGP )TC\ I )QNFCDUEJNCI XQP FGP 5VGORGNP FGU 6CNGTU

$NWOGPQTPCOGPV .'121.&85 Û & Ù ) Ù 41/ Ù +/ Ù 5' Ù #8 Ù )' Ù *80 Ù $1* Ù 4': Ù )GJCT PKUEJVGU $TWUVDKNF T OKV .QTDGGTMTCP\ WPF WOIGNGIVGT -GVVG FGU 1TFGPU XQO )QNFGPGP 8NKGU r #4%*+ Û #85 Û &8: Û Û $84) Û 56;4+ Û 6'% r )GMTÌPVGU 9CRRGP WOIGDGP XQP FGT -GVVG FGU 1TFGPU XQO )QNFGPGP 8NKGU (D *GTKPGM 8QP ITQGT 5GNVGPJGKV -N <CKPGPFG XQT\ÒINKEJp5VGORGNINCP\ .GQRQNF \YGKVGT 5QJP XQP -CKUGT (GTFKPCPF +++ WPF /CTKC #PPC XQP 5RCPKGP KP 9KGP Ó YCT \WP·EJUV HÒT FGP IGKUVNKEJGP 5VCPF DGUVKOOV YWTFG FCPP CDGT \WO -ÌPKI XQP $ÌJOGP WPF \WO FGWVUEJGP -CKUGT IGMTÌPV +P UGKPGT NCPIGP 4GIKGTWPIU\GKV XGTHQNIVG UGKPG 2QNKVKM \YGK <KGNG 5RCPKGP FGP FGWVUEJGP *CDUDWTIGTP \W IGYKPPGP WPF CWEJ 7PICTP \W TGMCVJQNKUKGTGP &CU GTUVG XGTYKEMGNVG KJP KP NCPIYKGTKIG -TKGIG OKV (TCPMTGKEJ &GT 8GTUWEJ 7PICTP \W TGMCVJQNKUKGTGP TKGH YKGFGTJQNV #WHUV·PFG JGTXQT FKG 7PICTP UWEJVGP *KNHG DGK FGP 6ÒTMGP 5Q MCOGP FKG $ÒPFPKUUG .WFYKIU :+8 OKV FGP 6ÒTMGP IGIGP FCU 4GKEJ \WUVCPFG YCU FKG 6ÒTMGPMTKGIG \WT (QNIG JCVVG <YCT GTHQEJVGP .GQRQNFU DGFGWVGPFG (GNFJGTTGP W C 2TKP\ 'WIGP XQP 5CXQ[GP .WFYKI 9KNJGNO XQP $CFGP FGT 6ÒTMGPNQWKU KOOGT YKGFGT IN·P\GPFG 5KGIG FQEJ \GTTÒVVGVG FKGUG 2QNKVKM 9KTVUEJCHV WPF (KPCP\GP +P &GWVUEJNCPF NGIVG .GQRQNF + FCOKV FGP -GKO HÒT FGP YGKVGTGP <GTHCNN FGU 4GKEJGU KP FGO FKG ITÌGTGP 6GTTKVQTKCNUVCCVGP KPUDG UQPFGTG $TCPFGPDWTI 2TGWGP KOOGT UV·TMGT YWTFGP 5Q NGIVG FGT -CKUGT UGNDUV FGP )TWPFUVGKP HÒT FGP UR·VGTGP &WCNKUOWU FGT ¤UVGTTGKEJ KO ,CJTJWPFGTV FGO GPIGTGP FGWVUEJGP 4CWO GPVHTGOFGP UQNNVG

1485

1484

&WMCVGP 0$ 0CI[D±P[C I #DUEJNCI XQP FGP 5VGORGNP FGU *CNDVCNGTU 9CN\GPRT·IWPI )GJCTPKUEJVGU $TWUVDKNF T OKV .QTDGGTMTCP\ )GMTÌPVGT &QRRGNCFNGT OKV 5EJYGTV WPF <GRVGT KP FGP (·PIGP CWH FGT $TWUV IGMTÌPVGU XKGTHGNFKIGU 9CRRGP OKV /KVVGNUEJKNF WPVGP \W FGP 5GKVGP 0 $ (D *GTKPGM 44 -N *GPMGNURWT (GNF FGT 8QTFGTUGKVG NGKEJV IGIN·VVGV UGJT UEJÌP

&WMCV -$ -TGOPKV\ I (D *GTKPGM

1486

(CUV XQT\ÒINKEJ

1487

1488

-CTN 8+ &WMCV -$ -TGOPKV\ I (D *GTKPGM 5GJT UEJÌPpXQT\ÒINKEJ &WMCV 5KGDGPDÒTIGP I (D *GTKPGM 4 5GJT UEJÌPpXQT\ÒINKEJ XQT\ÒINKEJ &WMCV 9KGP I (D *GTKPGM -N -TCV\GT XQT\ÒINKEJ

1489

1490

/CTKC 6JGTGUKC )QNFOGFCKNNG \W &WMCVGP XQP # 9KFGOCPP CWH FKG 8GTO·JNWPI FGU 'T\JGT\QIU ,QUGH OKV 'NKUCDGVJ XQP $QWTDQP $GKFGT $TWUVDKNFGT PGDGPGKPCPFGT T *[OGP OKV .QTDGGTMT·P\GP GPV\ÒPFGV OKV (CEMGN (GWGT CWH #NVCT OO I 5NI /QPVGPWQXQ D\Y 4 8QT\ÒINKEJ

5QWXGTCKP F QT #PVYGTRGP I &GNO '[RGNVCWGT (D -N 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

1491

&WMCV -CTNUDWTI I '[RGNVCWGT (D &WMCV -$ -TGOPKV\ I '[RGNVCWGT (D

1493

1492

8QT\ÒINKEJ 8QT\ÒINKEJp5VGORGNINCP\

1494

&WMCV -$ -& -TGOPKV\ I '[RGNVCWGT D (D /KP IGYGNNV UGJT UEJÌPpXQT\ÒINKEJ

,QUGH ++ 5QWXGTCKP F QT # 9KGP HÒT FKG 0KGFGTNCPFG I (D , (CUV UGJT UEJÌP

1499

1497

1495

&WMCVGP # 9KGP I (D , 8QT\ÒINKEJ &WMCVGP # 9KGP I (D , 9KP\ 4CPFHGJNGT UGJT UEJÌP &WMCV # 9KGP I (D , 8QT\ÒINKEJp5VGORGNINCP\ &WMCV # 9KGP I (D , 5GJT UEJÌPpXQT\ÒINKEJ (TCP\ ++ &WMCV $ -TGOPKV\ I (D , 5EJN (CUV XQT\ÒINKEJ

1501

1500

1496

5QXTCPQ UR·VGTG 2T·IWPI XQP 8 8GPGFKI I (GKPIQNF (D , 5EJN #VVTCMVKXGU XQT\ÒINKEJGU 'ZGORNCT

$GK 5EJNWODGTIGT H·NUEJNKEJ CNU 2T·IWPI FGT /ÒP\UV·VVG )ÒP\DWTI CPIGIGDGP UKGJG ,CGIGT $CPF 5

5QXTCPQ 8 8GPGFKI I (D , 5EJN 9KP\ 5EJTÌVNKPIUHGJNGT CWH FGT 4ÒEMUGKVG UGJT UEJÌPpXQT\ÒINKEJ

1502

1503

5QWXGTCKP F QT $ -TGOPKV\ I $ÒUVG T OKV .QTDGGTMTCP\ )GMTÌPVGU 9CRRGP WOJGT FKG -GVVG FGU 1TFGPU XQO )QNFGPGP 8NKGU (D , 4 8QT\ÒINKEJ XQT\ÒINKEJp5VGORGNINCP\

5QXTCPQ / /CKNCPF I (D C , C 5EJN /KP LWUVKGTV UGJT UEJÌPpXQT\ÒINKEJ XQT\ÒINKEJ

1504 1505

1506

<GEEJKPQ Q , 8GPGFKI I (D FQTV WPVGT 8GPGFKI , 5EJN 4 -N 2T·IGUEJY·EJG UGJT UEJÌPpXQT\ÒINKEJ

&WMCV -TGOPKV\ I (GKPIQNF (D , 5EJN 9KP\ 4CPFHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

&WMCVGP # 9KGP I (GKPIQNF (D , 5EJN

44 5GJT UEJÌP

1509

1507

&WMCVGP # 9KGP I (GKPIQNF (D , 5EJN 44 9KP\ 4CPFHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

&WMCVGP # 9KGP I (GKPIQNF (D , 5EJN 44 *GPMGNURWT (GNFGT IGUVKEJGNV UGJT UEJÌP

&WMCVGP # 9KGP I (GKPIQNF (D , 5EJN 4 /KP (CUUWPIUURWTGP GVYCU DGTKGDGP UGJT UEJÌP

1510

1511

-#+5'44'+%* ¤56'44'+%*

(TCP\ + &WMCV # 9KGP I (GKPIQNF (D , 5EJN /KP LWUVKGTV HCUV XQT\ÒINKEJ

1DYQJN UKEJ (TCP\ ++ DGTGKVU CO #WIWUV \WO 'TDMCKUGT XQP ¤UVGTTGKEJ RTQMNCOKGTVG NGIVG GT GTUV \YGK ,CJTG UR·VGT FKG -TQPG FGU *GKNKIGP 4ÌOKUEJGP 4GKEJGU PKGFGT &CJGT GTUEJGKPV CWH WPUGTGO &WMCVGP XQP PQEJ FGT 6KVGN XQP (TCP\ ++

&WMCVGP # 9KGP I (GKPIQNF (D , 5EJN 4 9KP\ 4CPFHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

1512

1513

&WMCV # 9KGP I (GKPIQNF (D , 5EJN

8QT\ÒINKEJ

&WMCVGP # 9KGP I (GKPIQNF (D , 5EJN 4 9KP\ -TCV\GT XQT\ÒINKEJGU 'ZGORNCT

1514

&WMCV ' -CTNUDWTI I (GKPIQNF (D , 5EJN &WMCV # 9KGP I (GKPIQNF (D , 5EJN

1515

(CUV XQT\ÒINKEJ 8QT\ÒINKEJ

1517

1516

&WMCVGP # 9KGP I (GKPIQNF (D , 5EJN 4 #VVTCMVKXGU XQT\ÒINKEJGU 'ZGORNCT

&WMCV # 9KGP I (GKPIQNF (D , 5EJN

1518

-N -TCV\GT XQT\ÒINKEJ

1519

1520

&WMCV # 9KGP I (GKPIQNF (D , 5EJN 9KP\ 4CPFHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

5QXTCPQ / /CKNCPF I (GKPIQNF (D E , 5EJN 5QXTCPQ / /CKNCPF I (GKPIQNF (D F , 5EJN

1521

1522

&WMCV -TGOPKV\ I (GKPIQNF (D , 5EJN &WMCV ' -CTNUDWTI I (GKPIQNF (D , 5EJN 5QXTCPQ / /CKNCPF I (GKPIQNF (D G , 5EJN

1524

1525

(CUV XQT\ÒINKEJ 5GJT UEJÌP

1523

(CUV XQT\ÒINKEJ 5GJT UEJÌP 5GJT UEJÌP

1526

4GXQNWVKQP KP 7PICTP &WMCV -TGOPKV\ /KV OCI[CTKUEJGT 7OUEJTKHV I (GKP IQNF (D , 5EJN 8QT\ÒINKEJ

(TCP\ ,QUGH + &WMCV # 9KGP I (GKPIQNF (D , 5EJN 8QT\ÒINKEJ

&WMCV 9KGP I (GKPIQNF (D , 5EJN

1527

1528

8QT\ÒINKEJ

1530

)WNFGP (TCPMGP 9KGP I (GKPIQNF (D , 5EJN

(TCPMGP (QTKPV -$ -TGOPKV\ I (GKPIQNF 8CTKCPVG OKV IGMTÌPVGO &QRRGNCFNGT KP FGT WPVGTGP 9CRRGPURKV\G (D , D 5EJN 5GNVGPG 8CTKCPVG 9KP\ 4CPFHGJNGT XQT\ÒINKEJ

-TQPGP -$ -TGOPKV\ (D , 5EJN &C\W &WMCV Z 1HHK\KGNNG 0GWRT· IWPI (D , 5EJN +PUIGUCOV I (GKPIQNF 5VÒEM 5GJT UEJÌP Z WPF XQT\ÒINKEJp5VGORGNINCP\

-TQPGP 9KGP CWH UGKP L·JTKIGU 4GIKGTWPIULWDKN·WO I (GKPIQNF (D , 5EJN 8QT\ÒINKEJp5VGORGNINCP\

(CUV 5VGORGNINCP\

1531

1532

-TQPGP 9KGP I (GKPIQNF (D , 5EJN 9KP\ 4CPFHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

&WMCVGP 9KGP I (GKPIQNF (D , 5EJN

1533

5GJT UEJÌPpXQT\ÒINKEJ

1534

&WMCVGP 9KGP I (GKPIQNF (D , 5EJN 4CPFHGJNGT UGJT UEJÌPpXQT\ÒINKEJ &WMCVGP 9KGP I (GKPIQNF (D , 5EJN 9KP\ -TCV\GT XQT\ÒINKEJ

1535

4'27$.+- ¤56'44'+%*

4GRWDNKM -TQPGP 9KGP I (GKPIQNF (D , 5EJN 44 0WT 'ZGORNCTG IGRT·IV 8QT\ÒINKEJp5VGORGNINCP\

1536

1537

-TQPGP 9KGP I (GKPIQNF (D , 5EJN

8QT\ÒINKEJp5VGORGNINCP\

-TQPGP 9KGP I (GKPIQNF (D , 5EJN

8QT\ÒINKEJ

1538

1539

5EJKNNKPI 9KGP I (GKPIQNF (D , 5EJN

8QT\ÒINKEJ

5EJKNNKPI 9KGP /CFQPPC XQP /CTKC\GNN I (GKPIQNF (D , 5EJN (CUV 5VGORGNINCP\

1541

1540

1541

5EJKNNKPI 9KGP 5V .GQRQNF I (GKPIQNF (D , 5EJN

(CUV 5VGORGNINCP\

4GRWDNKM UGKV 5EJKNNKPI 9KGP $GKVTKVV ¤UVGTTGKEJU \WT 'WTQR·KUEJGP 7PKQP 4KPI I KP GT )QNF <GPVTWO I KP GT 5KNDGT 5EJN (CUV 5VGORGNINCP\

1542

&+' )'+56.+%*-'+6 +0 &'0 *#$5$74)+5%*'0 '4$.#0&'0 5#.<$74) '4<$+567/

.GQPJCTF XQP -GWVUEJCEJ &WMCV +P 75 2NCUVKMJQNFGT FGT 0)% OKV FGT $GYGTVWPI #7 (D 2TQDU\V 44 /KP IGYGNNV XQT\ÒINKEJ

1543 1,5:1

1,5:1

'TPUV XQP $C[GTP )QNFIWNFGP Q , I + '40'5685 %1( Ù +0 #4 '2/ Ù 5#.< Û 8 Ù $# Ù &8: &TGK 9CRRGP KP &TGKRC Û 5#0%685 Û 48&$'4685 Û '285 Û 6JTQPGPFGT *GKNKIGT UKV\V X X OKV /KVTC -TWOOUVCD WPF 5CN\IGH· (D 2TQDU\V 8QP ITQGT 5GNVGPJGKV 5GJT UEJÌP

1544

,QJCPP ,CMQD -JWGP XQP $GNCUK &WMCVGP OKV 6KVGN /CZKOKNKCPU ++ I (D 2TQDU\V -N 2T·IGUEJY·EJG XQT\ÒINKEJ

1545

/CTMWU 5KVVKMWU XQP *QJGPGOU &WMCVGP I /#4%85 Û 5+66+%85 Ú Ú & Ù ) Ù #4'25 Û 5#. Û L Û 5 Û . &TGKHGNFKIGU 9CRRGP WPVGT .GICVGPJWV QDGP \W FGP 5GKVGP FKG IGVGKNVG ,CJTGU\CJN + < Û 5#0%685 Û 48&$'4685 Û '25 Û 5#.+5$84) Ù 5V 4WFDGTVWU VJTQPV X X OKV /KVTC 5CN\IGH· WPF -TWOOUVCD (D 2TQDU\V 44 8QT\ÒINKEJGU 'ZGORNCT 65

1547

1546

&WMCV I (D 2TQDU\V 44 -N 2T·IGUEJY·EJG UGJT UEJÌP *KGTQP[OWU XQP %QNNQTGFQ &WMCV I (D 2TQDU\V 8QT\ÒINKEJ

1548

-CTN $GTI )QNFOGFCKNNG XQP ) /CP\W CWH FKG ,CJTHGKGT FGU 5CN\DWTIGT &QOGU $TWUVDKNF T KO IGKUVNKEJGP 1TPCV <YGK )GKUVNKEJG JCNVGP FCU 5CN\DWTIGT &QOOQFGNN OO I 5VGORGNINCP\

1549

56 &6' +0 &'0 *#$5$74)+5%*'0 '4$.#0&'0 -4'/0+6<

)QNFOGFCKNNG \W &WMCVGP Q , WO XQP - 9 $GEMGT &GT JGKNKIG )GQTI OKV *GNO WPF *CT PKUEJ TGKVGV T WPF VÌVGV FGP &TCEJGP OKV FGT .CP\G KO *KPVGTITWPF T MPKGPFG ,WPIHTCW %JTKUVWU OKV UGEJU #RQUVGNP KP 5EJKHH CWH VQUGPFGO /GGT XQP QDGP N DN·UV FGT 9KPFIQVV KO *KPVGTITWPF MNGKPG )CNGGTGP OO I *WU\CT FQTV KP 5KNDGT 4 8QT\ÒINKEJ &KG 5VGORGN \W FGO XQTNKGIGPFGP 5VÒEM UVCOOGP CWU FGT 9GTMUVCVV FGU DGTÒJOVGP *QHTCVGU -CTN 9KNJGNO $GEMGT

FGT CNU (·NUEJGT XQP CPVKMGP /ÒP\GP DGMCPPV YWTFG 5KGJG FC\W $GEMGT VJG %QWPVGTHGKVGT XQP 5KT )GQTIG *KNN GTUEJKGPGP KP .QPFQP

1550

9+'0

)QNFOGFCKNNG \W &WMCVGP Q , PCEJ XQP - .CPIG 5CNXCVQTOGFCKNNG 5VCFVCPUKEJV XQP 9KGP OKV FGO 5VGRJCPUFQO FCTÒDGT IGMTÌPVGT &QRRGNCFNGT FCTWPVGT FTGK <GKNGP 5EJTKHV KP XGT\KGTVGT -CTVW UEJG $TWUVDKNF %JTKUVK N OKV *GKNKIGPUEJGKP OO I (QTTGT 5 5NI *QTUM[ (CUV XQT\ÒINKEJ

.16 *#$5$74)

,QUGRJ ++ &WMCV # 9KGP (TCP\ + &WMCV # 9KGP (GTFKPCPF + &WMCV # # 9KGP &WMCV ' -CTNUDWTI (D Z , Z 5EJN +PUIGUCOV I (GKPIQNF 5VÒEM 5GJT UEJÌPpXQT\ÒINKEJ

&'765%*' )1.&/ª0<'0 70& /'&#+..'0

1552

#0*#.6 #0*#.6 -¤6*'0 (ª456'067/ 5'+6 *'4<1)67/

#WIWUV .WFYKI &WMCV 5GPKQTUFWMCV I /KV (ÒTUVGPJWV DGFGEMVGU 9CRRGP XQP \YGK $·TGP IGJCNVGP $·T J·NV GKPGP 5EJKNF OKV FGT #WHUEJTKHV 5'0+14 &1/75 KO #DUEJPKVV ,CJTGU \CJN (D /CPP 4 /KP IGYGNNV XQT\ÒINKEJ

1554

1553

1555

#7)5$74)

56#&6

)QNFIWNFGP Q , OKV 6KVGN -CTNU 8 I (QTUVGT XCT (D

&WMCV OKV 6KVGN (GTFKPCPFU ++ I 5V #HTC KP (NCOOGP OKV $CNMGP KP FGT 4GEJVGP KP FGT .KPMGP 2CNO\YGKI FCTWPVGT 5VCFVR[T )GMTÌPVGT &QRRGNCFNGT OKV IGMTÌPVGO \YGKHGNFKIGP 9CRRGP CWH FGT $TWUV (QTUVGT (D 8QT\ÒINKEJ

1556

1557

5EJÌPpUGJT UEJÌP

1558

1,5:1

$#&'0 $#&'0 $#&'0 /#4-)4#(5%*#(6

.WFYKI )GQTI WPVGT 8QTOWPFUEJCHV UGKPGT /WVVGT (TCP\KUMC 5KD[NNC #WIWUVC Ó &WMCV CWH FGP (TKGFGP XQP 4CUVCVV I (D 9KGNCPFV XCT 8QT\ÒINKEJ

&KG 7OUEJTKHV FGT 4ÒEMUGKVG GPVJ·NV FCU %JTQPQITCOO FGT ,CJTGU\CJN &GT (TKGFGPUUEJNW XQP 4CUVCVV XQO /·T\ \YKUEJGP 2TKP\ 'WIGP CNU $GXQNNO·EJVKIVGO FGU 4GKEJU WPF FGO HTCP\ÌUKUEJGP /CTUEJCNN 8KNNCTU DGGPFGVG FGP 5RCPKUEJGP 'TDHQNIGMTKGI

$#&'0 &74.#%* /#4-)4#(5%*#(6 5'+6 -74(ª456'067/ 5'+6 )4155*'4<1)67/

-CTN (TKGFTKEJ &WMCV &WTNCEJ I (D 9KGNCPFV /KP IGYGNNV UGJT UEJÌPpXQT\ÒINKEJ

-CTN (TKGFTKEJ &WMCV &WTNCEJ CWH FKG )GDWTV FGU 2TKP\GP -CTN .WFYKI (TKGFTKEJ FGU UR·VGTGP )TQJGT\QIU -CTN I $TWUVDKNF T OKV *CNUDKPFG WPF 1TFGPUMTGW\ FCTWPVGT FCU /ÒP\OGKUVGT\GKEJGP $ ,QJCPP /CTVKP $ÒEMNG /ÒP\OGKUVGT KP &WTNCEJ 1XCNGT 9CRRGP UEJKNF CWH IGMTÌPVGO (ÒTUVGPOCPVGN WPVGP \W FGP 5GKVGP FCU /ÒP\\GKEJGP % 5 'TPUV %JTKUVQRJ 5VGKPJ·WGT *QHIQNFUEJOKGF WPF 9CTFGKP FGT &WTNCEJGT /ÒP\G UGKV (D 9KGNCPFV 8QT\ÒINKEJp5VGORGNINCP\

1559 1560

1560

&WMCV &WTNCEJ CWH FKG )GDWTV FGU 2TKP\GP -CTN .WFYKI (TKGFTKEJ FGU UR·VGTGP )TQJGT\QIU -CTN I $TWUVDKNF T OKV *CNUDKPFG WPF 1TFGPUMTGW\ FCTWPVGT FCU /ÒP\OGKUVGT\GKEJGP $ ,QJCPP /CTVKP $ÒEMNG /ÒP\OGKUVGT KP &WTNCEJ 1XCNGT 9CRRGPUEJKNF CWH IGMTÌPVGO (ÒTUVGP OCPVGN WPVGP \W FGP 5GKVGP FCU /ÒP\\GKEJGP % 5 'TPUV %JTKUVQRJ 5VGKPJ·WGT *QHIQNFUEJOKGF WPF 9CTFGKP FGT &WTNCEJGT /ÒP\G UGKV (D 9KGNCPFV 8QT\ÒINKEJ

(TKGFTKEJ + )QNFGPG 8GTFKGPUVOGFCKNNG -NCUUG Q , XGTNKGJGP XQP %JT 5EJPKV\URCJP WPF . -CEJGN -QRH N (ª4 8'4&+'056 KP 'KEJGPMTCP\ OO I 0KOOGTIWV 1'- 9KGNCPFV <GKV\ 5GJT UEJÌP

1561

$+567/

1562

$#/$'4)

/GNEJKQT 1VVQ XQP 5CN\DWTI &WMCV 0ÒTPDGTI I (D -TWI 44 5GJT UEJÌP

.QVJCT (TCP\ XQP 5EJÌPDQTP &WMCV Q , CWH FGP (TKGFGP XQP 4KLUYKLM I (D FQTV WPVGT /CKP\ -TWI 5GJT UEJÌPpXQT\ÒINKEJ

1563

$#;'40 *'4<1)67/ 5'+6 -74(ª456'067/ 5'+6 -¤0+)4'+%*

/CZKOKNKCP ++ 'OCPWGN &WMCVGP Q , /ÒPEJGP 2T·UGPV FGT 5V·PFG CWH UGKPG GTUVG 8GTO·JNWPI OKV /CTKC #PVQPKC 6QEJVGT XQP -CKUGT .GQRQNF + XQP ¤UVGTTGKEJ I # &'1 2#%+5 $'..+38' 6'/214' 2'4'00+5 ('.+%+6#5 &TGKGEM $GKFGT $TWUVDKNFGT PGDGPGKPCPFGT T WOJGT 2CNO WPF .QTDGGT\YGKI \W FGP 5GKVGP 5VTCJNGP WPF 9QNMGP r +6# 818'06+$85 864+8538' $#8#4+ 56#6+$85 &'816+55+/+5 4CWVGPUEJKNF WOIGDGP XQP FGP 9CRRGP XQP /ÒPEJGP .CPFUJWV $WTIJCWUGP WPF 5VTCWDKPI WOJGT )KTNCPFG QDGP 'PIGNUMQRH (D 9KVV 44 2TCEJVGZGORNCT 8QT\ÒINKEJp5VGORGNINCP\ /CZKOKNKCP ++ 'OCPWGN ,WNK YCT FGT ·NVGUVG 5QJP FGU -WTHÒTUVGP (GTFKPCPF /CTKC 'T VTCV FKG 4GIKGTWPI CO /CK CP WPF UVCPF DKU \WO ,WNK WPVGT 8QTOWPFUEJCHV UGKPGU 1JGKOU /CZKOKNKCP 2JKNKRR /CZK OKNKCP 'OCPWGN PCJO TGIGP #PVGKN CP FGP -·ORHGP IGIGP FKG 6ÒTMGP \ $ DGK FGT UKGITGKEJGP 'PVUCV\UEJNCEJV CO 5GRVGODGT XQT 9KGP WPF DGK FGT GTUVGP 'TUVÒTOWPI XQP $GNITCF CO 5GRVGODGT XQP DKU YCT GT 5VCVVJCNVGT FGT URCPKUEJGP 0KGFGTNCPFG 9·JTGPF FGU 5RCPKUEJGP 'TDHQNIGMTKGIGU GTNGDVG GT KP FGT 5EJNCEJV DGK *ÌEJUV·FV CO #WIWUV GKPG UEJYGTG 0KGFGTNCIG FCU DC[GTKUEJ HTCP\ÌUKUEJG *GGT YWTFG FWTEJ 2TKP\ 'WIGP XQP 5CXQ[GP WPF FGP *GT\QI XQP /CTNDQTQWIJ XQNNUV·PFKI XGTPKEJVGV /CZKOKNKCP 'OCPWGN OWVG FCTCWHJKP $C[GTP XGTNCUUGP 5GKP .CPF YWTFG KJO CDIGURTQEJGP OCP XGTJ·PIVG FKG 4GKEJUCEJV ÒDGT KJP +O ,WPK GTJKGNV GT XQP 2JKNKRR 8 XQP 5RCPKGP FCU *GT\QIVWO .WZGODWTI WPF FKG )TCHUEJCHV 0COWT &WTEJ FGP (TKGFGP XQP $CFGP GTJKGNV GT FKG 'TDNCPFG \WTÒEM )GOCJNKP /CTKC #PVQPKC 6QEJVGT FGU -CKUGTU .GQRQNF + ,CPWCT XGTO·JNV CO ,WNK Ó &G\GODGT KP 9KGP )GOCJNKP 6JGTGUKC -WPKIWPFG 6QEJVGT FGU -ÌPKIU ,QJCPP +++ 5QDKGUMK XQP 2QNGP /·T\ XGTO·JNV CO ,CPWCT Ó /·T\ KP 8GPGFKI

1564

1565

-CTN #NDGTV -CTQNKP /ÒPEJGP I (D *CJP /KP LWUVKGTV UGJT UEJÌP

-CTN #NDGTV #WIWUV YCT FGT XKGTVG 5QJP /CZKOKNKCP 'OCPWGNU 'T VTCV CO (GDTWCT FKG 4GIKGTWPI CP UVGNNVG FGP DC[GTKUEJGP *CWUQTFGP XQO JGKNKIGP )GQTI YKGFGT JGT YWTFG \WUCOOGP OKV -WTHÒTUV -CTN 2JKNKRR XQP FGT 2HCN\ 4GKEJUXKMCT YWTFG GT \WO -ÌPKI XQP $ÌJOGP GTPCPPV Y·JNVG OCP KJP WPVGT FGO 0COGP -CTN 8++ \WO TÌOKUEJGP -CKUGT FKG -TÌPWPI HCPF PQEJ KO UGNDGP ,CJT KP /ÒPEJGP UVCVV -CTN #NDGTV UVCTD CO ,CPWCT KP /ÒPEJGP )GOCJNKP /CTKC #OCNKC 6QEJVGT FGU -CKUGTU ,QUGH + XGTO·JNV CO 1MVQDGT Ó &G\GODGT

-CTQNKP /ÒPEJGP I (D *CJP

#VVTCMVKXGU XQT\ÒINKEJGU 'ZGORNCT

1566

1567

-CTQNKP /ÒPEJGP I (D *CJP 5GJT UEJÌP -CTN 6JGQFQT &WMCV /ÒPEJGP I (D *CJP 8QT\ÒINKEJp5VGORGNINCP\

1568 1,5:1

1,5:1

&WMCV /ÒPEJGP +PPIQNF I $ÒUVG T OKV \WUCOOGPIGDWPFGPGP *CCTGP FCTWPVGT 56

,QJCPP *GKPTKEJ 5VTCWD 5VGORGNUEJPGKFGT KP /ÒPEJGP (NWIQVV NCIGTV PCEJ T WPF GPV NGGTV GKPG 9CUUGTWTPG CWH UGKPGO NKPMGP -PKG J·NV GT FCU DC[GTKUEJG 9CRRGP (D *CJP -KTEJJGKOGT 9KVV 44 8QT\ÒINKEJ

1570

1569

/CZKOKNKCP + +8 ,QUGRJ )QNFGPG )GFGPMOÒP\G XQP ,QJCPP &CKUGT CWH FKG 8GTO·JNWPI UGKPGU ·NVGUVGP 5QJPGU .WFYKI + OKV 6JGTGUG 6QEJVGT XQP *GT\QI (TKGFTKEJ XQP 5CEJUGP *KNFDWTIJCWUGP +P GKPGO .QTDGGT WPF 4QUGPMTCP\ .#'6+6+# 28$.+%# #EJV <GKNGP 5EJTKHV OO I 9KVV NGKEJV XCT 4 /KP IGYGNNV YKP\ -TCV\GT XQT\ÒINKEJ

/CZKOKNKCP ++ &WMCV 4JGKPIQNF I &KXQ 5 (D 5EJN 8QT\ÒINKEJ

1572

1571

$4#0&'0$74) +0 (4#0-'0 $4#0&'0$74) +0 (4#0-'0 /#4-)4#(5%*#(6

#NDTGEJV #EJKNNGU )QNFIWNFGP Q , 5EJYCDCEJ I (D 5NI 9KNO X 5EJT XCT /KP 5EJTÌVNKPIUHGJNGT CO 4CPF HCUV XQT\ÒINKEJ

)GQTI (TKGFTKEJ &WMCV -ÌPKIUDGTI I X 5EJT (D /KP IGYGNNV UGJT UEJÌP &KGUGT &WMCV YWTFG HÒT FCU *GT\QIVWO 2TGWUUGP IGRT·IV

1573

1574

$4#0&'0$74) $#;4'76* /#4-)4#(5%*#(6

(TKGFTKEJ %JTKUVKCP &WMCV CWH FKG -TGKUQDTKUVGPYÒTFG I (D 5NI 9KNO 4 9KP\ 4CPFHGJNGT NGKEJV IGYGNNV XQT\ÒINKEJp5VGORGNINCP\

$4#0&'0$74) #05$#%* /#4-)4#(5%*#(6

%JTKUVKCP (TKGFTKEJ -CTN #NGZCPFGT &WMCV 5EJYCDCEJ CWH FKG 8GTGKPKIWPI FGT DGKFGP (ÒTUVGPVÒOGT I (D 5NI 9KNO 44 4CPFHGJNGT NGKEJV IGYGNNV HCUV XQT\ÒINKEJ

1576

1575

$4#0&'0$74) 24'755'0 $4#0&'0$74) /#4-)4#(5%*#(6 5'+6 &'/ ,#*4*70&'46 -74(ª456'067/

(TKGFTKEJ 9KNJGNO FGT )TQG -WTHÒTUV &WMCVGP 66 -ÌPKIUDGTI I $TWUV DKNF T OKV .QTDGGTMTCP\ WPF WOIGNGIVGO /CPVGN /KV FGO -WTJWV DGFGEMVGU HGNFKIGU 9CRRGP X 5EJT (D 8QP ITQGT 5GNVGPJGKV /KP IGYGNNV YKP\ -TCV\GT XQT\ÒINKEJGU 'ZGORNCT

(TKGFTKEJ +++ &WMCV .%5 $GTNKP )WKPGC &WMCV I )GJCTPKUEJVGU $TWUVDKNF T &GT MWTHÒTUVNKEJG &TGKOCUVGT T CWH 5GG \W FGP 5GKVGP FKG IGVGKNVG ,CJTGU\CJN WPVGP FCU /ÒP\OGKUVGT \GKEJGP . Ü % Ü 5 Ü .QTGP\ %JTKUVQRJ 5EJPGKFGT /ÒP\OGKUVGT KP $GTNKP (D X 5EJT 44 (CUUWPIUURWTGP UGJT UEJÌP )WKPGC &WMCVGP 5EJKHHUFWMCVGP UKPF &WMCVGP FKG CWU CHTKMCPKUEJGO )QNF IGRT·IV YWTFGP 0CEJFGO FGT )TQG -WTHÒTUV FKG -QNQPKG )TQHTKGFTKEJUDWTI CP FGT -ÒUVG XQP )WKPGC IGITÒPFGV JCVVG YWTFGP KP $GTNKP XQP DKU )WKPGCFWMCVGP IGUEJNCIGP &KG /ÒP\MQUVGP HÒT FKGUG )QNFOÒP\GP YCTGP UGJT JQEJ FGT )TQG -WTHÒTUV UQNN IGUCIV JCDGP FC KJP FKG *GTUVGNNWPI GKPGU )WKPGCFWMCVGP \YGK &WMCVGP MQUVG 'U HCPFGP UKEJ LGFQEJ XKGNG .KGDJC DGT FKGUGU 9CJT\GKEJGPU GKPGT HTÒJGP -QNQPKUKGTWPI FWTEJ GKPGP FGWVUEJGP (ÒTUVGP

1577

1,5:1

24'755'0 -¤0+)4'+%*

(TKGFTKEJ + &WMCV *(* /CIFGDWTI CWH FKG *QEJ\GKV FGU -TQPRTKP\GP (TKGFTKEJ 9KNJGNO UR·VGT -ÌPKI (TKGFTKEJ 9KNJGNO + OKV 5QRJKG &QTQVJGC 2TKP\GUUKP XQP *CPPQXGT I $GKFGT $TWUVDKNFGT N #EJV <GKNGP 5EJTKHV FCTÒDGT FTGK 4QUGVVGP (D X 5EJT 44 #VVTCMVKXGU XQT\ÒINKEJGU 'ZGORNCT 5QRJKG &QTQVJGC KP *CPPQXGT YCT FKG 6QEJVGT FGU -WTHÒTUVGP )GQTI .WFYKI XQP $TCWPUEJYGKI %CNGPDGTI *CPPQXGT WPF FGUUGP )GOCJNKP 5QRJKG &QTQVJGC #O ,WPK MCO (TKGFTKEJ + CNU $TCWVYGTDGT HÒT UGKPGP 5QJP (TKGFTKEJ 9KNJGNO RGTUÌPNKEJ PCEJ *CPPQXGT #O ,WPK YWTFG FCPP FKG 8GTNQDWPI KP HGUVNKEJGT (QTO XGT MÒPFGV WPF IGHGKGTV 5QRJKG &QTQVJGC UVCTD CO ,WPK KO 5EJNQ /QPDKLQW KP $GTNKP WPF YWTFG KO $GTNKPGT &QO DGKIGUGV\V

1578 1,5:1

1,5:1

&WMCV %5 $GTNKP I )GJCTPKUEJVGU $TWUVDKNF T OKV .QTDGGTMTCP\ WPF WOIGNGIVGO /CPVGN WPVGP FCU 5VGORGNUEJPGKFGT\GKEJGP . %JTKUVKCP (TKGFTKEJ .ÒFGTU 5VGORGNUEJPGKFGT KP $GTNKP )GMTÌPVGU /QPQITCOO WOJGT FKG -GVVG FGU 1TFGPU XQO 5EJYCT\GP #FNGT WPVGP N FKG ,CJ TGU\CJN T FCU /ÒP\OGKUVGT\GKEJGP % Û 5 Û %JTKUVQRJ 5VTKEMGT /ÒP\OGKUVGT KP $GTNKP (D X 5EJT 44 (CUV XQT\ÒINKEJ

1580

1579

1580

(TKGFTKEJ 9KNJGNO + FGT 5QNFCVGPMÌPKI &WMCV *(* /CIFGDWTI I (D X 5EJT 2TCEJVGZGORNCT 8QT\ÒINKEJp5VGORGNINCP\

&WMCV +(5 $GTNKP I (D X 5EJT

1581

1582

)GUVQRHVGU .QEJ UGJT UEJÌPpXQT\ÒINKEJ

1582

9KNJGNOU F QT ')0 $GTNKP I )GJCTPKUEJVGU $TWUVDKNF T 8KGT IGMTÌPVG /QPQITCOOG KPU -TGW\ IGUVGNNV KP FGT /KVVG #FNGTUEJKNF WPVGP N FCU /ÒP\OGKUVGT\GKEJGP ')0 'TPUV )GQTI 0GWDCWGT /ÒP\OGKUVGT KP $GTNKP (D X 5EJT 5GJT UEJÌPpXQT\ÒINKEJ

&GT RTGWKUEJG 9KNJGNOU F QT YWTFG XQP (TKGFTKEJ 9KNJGNO + GKPIGHÒJTV WPF PCEJ KJO DGPCPPV 'T H·NNV GVYCU CWU FGT 4GKJG FGT 2KUVQNGP JGTCWU 9·JTGPF PQTOCNGTYGKUG FKG 6CNGT 5VÒEMG KP )QNF CNU .QWKU F QT /CZ F QT WPF CWEJ UR·VGT KP 2TGWGP CNU (TKGFTKEJU F QT DG\GKEJPGV YWTFGP YWTFG JKGT FCU &QRRGNUVÒEM CNUQ FKG 6CNGT )QNFOÒP\G PCEJ FGO 0COGPUIGDGT DGPCPPV

(TKGFTKEJ ++ FGT )TQG (TKGFTKEJU F QT # $GTNKP I (D 1NF C X 5EJT (CUV UGJT UEJÌP

1583

1584

(TKGFTKEJU F QT $ $TGUNCW I )GJCTPKUEJVGU $TWUVDKNF T OKV 1TFGPUDCPF WPF -TGW\ )G MTÌPVGT #FNGT CWH #TOCVWTGP 8CTKCPVG OKV PWT 5RKV\GP CWH LGFGT 5GKVG FGT 9CHHGPITWRRG (D 1NF C #PO ++ XCT X 5EJT XCT 5GJT UGNVGPG 8CTKCPVG 9KP\ -TCV\GT XQT\ÒINKEJ

&QRRGNVGT (TKGFTKEJU F QT # $GTNKP I (D 1NF X 5EJT 4 -N -TCV\GT UEJÌPpUGJT UEJÌP

(TKGFTKEJU F QT $ $TGUNCW I (D 1NF X 5EJT

44 (GKNURWT UGJT UEJÌP

(TKGFTKEJ 9KNJGNO ++ (TKGFTKEJU F QT # $GTNKP I (D , 5GJT UEJÌPpXQT\ÒINKEJ

1585

1586

1587

1589

1588

1590

(TKGFTKEJ 9KNJGNO +++ (TKGFTKEJU F QT # I &KXQ 5 (D 5EJN -N -TCV\GT UGJT UEJÌP

&QRRGNVGT (TKGFTKEJU F QT # I &KXQ 5 (D 5EJN 8QT\ÒINKEJGU 'ZGORNCT

&QRRGNVGT (TKGFTKEJU F QT # I &KXQ 5 (D 5EJN WGTUV UGNVGPGT ,CJTICPI 8QT\ÒINKEJGU 'ZGORNCT

&QRRGNVGT (TKGFTKEJU F QT # I &KXQ 5 (D 5EJN

1592

(CUV XQT\ÒINKEJ

1592

1591

(TKGFTKEJ 9KNJGNO +8 )QNFOGFCKNNG \W &WMCVGP XQP - (KUEJGT WPF % 2HGWH HGT )TQG *WNFKIWPIUOGFCKNNG HÒT $GTNKP -QRH T FCTWPVGT \YGK <GKNGP 5EJTKHV 'KUGTPGU -TGW\ OKV FGO IGMTÌPVGP #FNGTUEJKNF DGNGIV FCXQT 5EJYGTV <GRVGT WPF 4GKEJUCRHGN IGMTGW\V WOJGT 1TFGPUMGVVG FKG OKV CEJV MNGKPGP 9CRRGPUEJKNFGP DGNGIV KUV OO I *ÒUMGP 5QOOGT 2 4CPF DGCTDGKVGV NGKEJV DGTKGDGP UGJT UEJÌPpXQT\ÒINKEJ

&QRRGNVGT (TKGFTKEJU F QT # I &KXQ 5 (D 5EJN -N $GCTDGKVWPIUUVGNNG CO 4CPF GVYCU DGTKGDGP

1594

1593

1594

6TCIDCTG QXCNG )QNFOGFCKNNG XGTOWVNKEJ XQP ( 9 -WNNTKEJ CWH UGKPGP 6QF -QRH T -TGW\ &KG )QNFOGFCKNNG DGHKPFGV UKEJ KP GKPGO GKUGTPGP IGUEJY·T\VGP 4GKH Z OO I /CTK GPD 5QOOGT 8QP ITQGT 5GNVGPJGKV 8QT\ÒINKEJ

9KNJGNO + )QNFOGFCKNNG Q , WO XQP 9 -WNNTKEJ 'PVYWTH 'F .WGTUUGP 2T·OK GPOGFCKNNG FGU 8GTGKPU \WT $GHÌTFGTWPI FGU )CTVGPDCWGU KP FGP MÌPKINKEJ RTGWKUEJGP 5VCCVGP KP $GTNKP 9GKDNKEJG )GUVCNV OKV -TCP\ WPF (ÒNNJQTP UKV\V X X PGDGP GKPGT 7TPG 'KP -TCP\ CWU )CTVGPHTÒEJVGP WO UEJNKGV GKP NGGTGU (GNF KP FGO GKPG 9KFOWPI ITCXKGTV YGTFGP MCPP OO I /CTKGPD

FQTV KP 5KNDGT WPF WPVGT (TKGFTKEJ 9KNJGNO +8 5QOOGT - 2TCEJVGZGORNCT +P CNVGO 'VWK /KP 4CPFHGJNGT HCUV 5VGORGNINCP\

1597

1596

$4#705%*9'+) 70& .ª0'$74) $4#705%*9'+) 91.('0$ª66'. (ª456'067/

#WIWUV 9KNJGNO )QNFCDUEJNCI \W GKPGO &WMCVGP XQP FGP 5VGORGNP FGU -W 2HGPPKIU <GNNGTHGNF I 9GNVGT $GNGIGZGORNCT #WUIGDTQEJGPGT *GPMGN UEJÌP

-CTN + 6CNGT $TCWPUEJYGKI I -QRH T 4Q N (D 9GNVGT 8QP ITQGT 5GNVGPJGKV /KP LWUVKGTV UGJT UEJÌPpXQT\ÒINKEJ

-CTN 9KNJGNO (GTFKPCPF 6CNGT /% I &KXQ 5 (D 5EJN 5GJT UGNVGPGT ,CJTICPI 5GJT UEJÌPpXQT\ÒINKEJ

1599

1598

6CNGT /% I &KXQ 5 (D 5EJN

'VYCU RQTÌUGT 5EJTÌVNKPI XQT\ÒINKEJ

-CTN ++ 6CNGT %X% I &KXQ 5 (D 5EJN 4 /KP LWUVKGTV UGJT UEJÌP

9KNJGNO 6CNGT %X% I &KXQ 5 (D 5EJN 6CNGT %X% I &KXQ 5 (D 5EJN

1600

1601

1602

8QT\ÒINKEJ 8QT\ÒINKEJ

1603

$4#705%*9'+) %#.'0$'4) *#0018'4 #$ -74(ª456'067/ *#0018'4 #$ -¤0+)4'+%* *#0018'4

)GQTI +++ 2KUVQNG % *CPPQXGT I &KXQ 5 (D 5EJN -N 5EJTÌVNKPIUHGJNGT YKP\ 4CPFHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

)GQTI +8 6CNGT $ I &KXQ 5 (D 5EJN

1,5:1

5GJT UEJÌP

1604 1,5:1

9KNJGNO +8 6CNGT $ I -QRH T )GMTÌPVGU QXCNGU 9CRRGP WOIGDGP XQP GKPGO $CPF FGU )WGNHGPQTFGPU QDGP 9GTVCPICDG WPVGP ,CJTGU\CJN &KXQ 5 (D 5EJN 5GJT UGNVGP DGUQPFGTU KP FKGUGT 'TJCNVWPI 8QT\ÒINKEJ 73

1607 1605

1606

'TPUV #WIWUV 6CNGT $ I &KXQ 5 (D 5EJN 2TÒHURWT CO 4CPF UGJT UEJÌPpXQT\ÒINKEJ

6CNGT $ *CT\IQNF I #WUDGWVG FGT *CT\GT )TWDGP &KXQ 5 (D 5EJN 4 /KP ,WUVKGTURWTGP KO 4CPFDGTGKEJ XQT\ÒINKEJp5VGORGNINCP\

6CNGT $ I &KXQ 5 (D 5EJN

1608

1609

(CUV XQT\ÒINKEJ

1610

)GQTI 8 6CNGT $ I &KXQ 5 (D 5EJN 5GJT UEJÌPpXQT\ÒINKEJ

8GTGKPUMTQPG $ I &KXQ 5 (D 5EJN 8GTGKPUMTQPG $ I &KXQ 5 (D 5EJN

1611

$+567/

1613

1612

'+%*56 66

,QJCPP #PVQP ++ XQP (TG[DGTI &WMCV I %CJP (D /KP IGYGNNV HCUV XQT\ÒINKEJ

4'+%*5/ª0<56 66'

-N 4CPFHGJNGT XQT\ÒINKEJ $GTKGDGP XQT\ÒINKEJ

(4#0-(746

5KIKUOWPF XQP .WZGODWTI -ÌPKI /ÒP\UV·VVGPR·EJVGT ,CMQD 2TQINKP )QNFIWNFGP Q ,

I (D , W ( (CUV UGJT UEJÌP

56#&6

)QNFIWNFGP OKV 6KVGN XQP /CVVJKCU I (D , W ( G 9KP\ 4CPFHGJNGT XQT\ÒINKEJ

1614

1615

1616

&WMCV I &KXQ 5 (D 5EJN

4 0WT 'ZGORNCTG IGRT·IV 8QT\ÒINKEJ

%CTN 6JGQFQT XQP &CNDGTI (ÒTUVRTKOCU FGU 4JGKPDWPFGU &WMCV I &KXQ 5 (D 5EJN 4 8QT\ÒINKEJ

(ª456'067/ (4#0-(746

(7))'4 )4#('0 74

(7))'4

#PVQP + )QNFIWNFGP Q , 9GKUUGPJQTP OKV 6KVGN -CTNU 8 I 8KGTHGNFKIGU 9CRRGP &QRRGNCFNGT (D -WNN D 4 .GKEJV IGYGNNV UGJT UEJÌP

$'&'76'0&' 5#//.70) *#/$74)'4 )1.&24 )70)'0

*CODWTIWO MQNQTKGTVGT -WRHGTUVKEJ EC #WU $TCWP *QIGPDGTI %KXKVCVGU 1TDKU 6GTTCTWO $F /KV HTGWPFNKEJGT )GPGJOKIWPI FGT 5VCCVU WPF 7PKXGTUKV·VUDKDNKQVJGM *CODWTI

56#&6

1617

1618

)QNFIWNFGP Q , WO OKV 6KVGN 5KIKUOWPFU + I 8CTKCPVG OKV FGO 4GKEJUCRHGN KO 5GEJURC (D \W )CGF 4ÒEMUGKVG XIN 7PGFKGTVG 8CTKCPVG 8QP ITQGT 5GNVGPJGKV 5GJT UEJÌP

)QNFIWNFGP Q , WO OKV 6KVGN 5KIKUOWPFU + I (D )CGF C

1619

5GJT UEJÌP

1620

)QNFIWNFGP Q , XQP )GNFGTP #TPQNF XQP 'IOQPV OKV )GIGPUVGORGN XQP *CODWTI CWH FGT 8QTFGTUGKVG 0GUUGNDNCVV (ÒPH 9CRRGP KP 8KGTRC &GT JGKNKIG ,QJCPPGU UVGJV X X I &GNO 4 (D -TWU[ * )GIGPUVGORGN HCUV XQT\ÒINKEJ /ÒP\G UGJT UEJÌP

)QNFIWNFGP Q , XQP )GNFGTP #TPQNF XQP 'IOQPV OKV )GIGPUVGORGN XQP *CODWTI CWH FGT 8QTFGTUGKVG 0GUUGNDNCVV I &GNO 4 (D -TWU[ * 5GJT UEJÌP

1621

1622

1623

&WMCV I (D )CGF &WMCV I (D )CGF

5GJT UEJÌP .GKEJV IGYGNNV UGJT UEJÌP

)QNFIWNFGP OKV 6KVGN 4WFQNHU ++ I (D )CGF D XCT 44 9KP\ 5EJTÌVNKPIUHGJNGT CO 4CPF MN 2T·IGUEJY·EJG UGJT UEJÌP

1624

1625

1626

&WMCV I (D )CGF D XCT .GKEJV IGYGNNV MN 2T·IGUEJY·EJG UGJT UEJÌPpXQT\ÒINKEJ

&WMCV I (D )CGF C XCT &WMCV I (D )CGF

5GJT UEJÌP .GKEJV IGYGNNV UGJT UEJÌP

1627

&WMCVGP CWH FGP 9GUVH·NKUEJGP (TKGFGP I &KG IGMTÌPVG /CFQPPC UVGJV X X OKV <GRVGT KP FGT 4GEJVGP FCU -KPF KO NKPMGP #TO JCNVGPF XQT KJT FCU *CODWTIGT 5VCFVYCRRGP CWH /QPFUKEJGN \W FGP 5GKVGP RCTCNNGN OKV FGO 2GTNTCPF XKXCV 2CZ &KG IGMTÌPVG /CFQPPC UVGJV X X CWH /QPFUKEJGN OKV <GRVGT KP FGT 4GEJVGP FCU -KPF KO NKPMGP #TO JCNVGPF WPVGP N /ÒP\OGKUVGT\GKEJGP / IGMTGW\VG <CKPJCMGP CWH -NGGDNCVV ( /CVVJKCU (TGWFG /ÒP\OGKUVGT KP *CODWTI (D &GVJ 1TF )CGF )GUEJKEJVG KP )QNF 2CZ KP 0WOOKU 44 5GJT UEJÌP &GT XQTNKGIGPFG &QRRGNFWMCV FQMWOGPVKGTV OKV FGT #WHUEJTKHV XKXCV 2CZ 'U NGDG FGT (TKGFG FKG (TKGFGPUHTGWFG 1D FGT 4CV FGT 5VCFV FKGUG $GKUEJTKHV XGTCPNCV JCV WPF QD FGT &QRRGNFWMCV CNU )GFGPMOÒP\G HÒT GKP (TKGFGPUHGUV FKGPVG KUV PKEJV DGMCPPV

1628

&WMCV I (D )CGF &WMCV I (D )CGF C

1630

&WMCV I (D )CGF &WMCV I (D )CGF

1632

1629

&WMCV I (D )CGF &WMCV I (D )CGF

5GJT UEJÌP 4 (CUV XQT\ÒINKEJ

9KP\ 4CPFHGJNGT UGJT UEJÌP *GPMGNURWT UGJT UEJÌP

1631

1633

5GJT UEJÌPpXQT\ÒINKEJ 5GJT UEJÌP

1634 1,5:1

1,5:1

&WMCV I (D )CGF

5GNVGP KP FKGUGT 'TJCNVWPI 8QT\ÒINKEJp5VGORGNINCP\

1635

1636

&WMCV I (D )CGF &WMCVGP I (D )CGF

5GJT UEJÌPpXQT\ÒINKEJ 4 5GJT UEJÌP

1637 1,5:1

&WMCV I (D )CGF

1638

1,5:1

5GJT UGNVGP DGUQPFGTU KP FKGUGT 'TJCNVWPI 8QT\ÒINKEJ

1639

1638

&WMCV I (D )CGF

&WMCVGP Q , OKV 6KVGN .GQRQNFU + I 5VCFVDWTI \YKUEJGP 2CNO\YGKIGP )G MTÌPVGT &QRRGNCFNGT OKV <GRVGT WPF 5EJYGTV KP FGP (·PIGP CWH FGT $TWUV 4GKEJUCRHGN (D \W )CGF C 44 /KP IGYGNNV XQT\ÒINKEJGU 'ZGORNCT

4 9KP\ *GPMGNURWT UGJT UEJÌP

1640

$CPMRQTVWICNÌUGT \W &WMCVGP XQP , 4GVGMG CWH FKG ITQGP GWTQR·KUEJGP $CPMUV·FVG 8GPG FKI #OUVGTFCO *CODWTI WPF 0ÒTPDGTI &KG )ÌVVKP FGU ªDGTHNWUUGU OKV (ÒNNJQTP KO TGEJVGP #TO WPF 5VCD KP FGT .KPMGP UVGJV JCNDT T PGDGP KJT UVGJGP 9CTGP CWH FGO $QFGP T GKPG 5·WNG OKV FGP 9CRRGP FGT XKGT 5V·FVG KO *KPVGTITWPF 6GKNCPUKEJV FGT 5VCFV 5VTCJNGPFGT )QVVGUPCOG ÒDGT FGP 2GTUQPKHKMCVKQ PGP XQP -NWIJGKV 'KPKIMGKV WPF 9CEJUCOMGKV OO I )CGF )GUEJKEJVG KP )QNF 44 *ÒDUEJG )QNFRCVKPC UGJT UEJÌPpXQT\ÒINKEJ 77

1641

2QTVWICNÌUGT \W &WMCVGP Q , WPUKIPKGTV CWH FGP 2KPPGDGTIGT +PVGTKOU 4G\G (NKGIGPFGT 'PIGN NGGTV \YGK (ÒNNJÌTPGT ÒDGT 5VCFV WPF *CHGPCPUKEJV CWU &KG 2GTUQPKHKMCVKQPGP XQP )ÒVG WPF 6TGWG OKV 2CNO WPF .QTDGGT\YGKI UVGJGP KP 9QNMGP WPF WOCTOGP UKEJ WPVGP NKGIGPFGT 0GKF OO I )CGF )GUEJKEJVG KP )QNF 44 -N 4CPFHGJNGT HCUV XQT\ÒINKEJGU 'ZGORNCT

1642

2QTVWICNÌUGT \W &WMCVGP XQP , 4GVGMG CWH FGP 2KPPGDGTIGT +PVGTKOU 4G\G (TKGFGPUIÌVVKP OKV 2CNO\YGKI KP FGT .KPMGP WPF GTJQDGPGT 4GEJVGP \YKUEJGP 9QNMGP FGP (W CWH FGP NKGIGPFGP /CTU IGUVGNNV WOJGT #TOCVWTGP QDGP UVTCJNGPFGT 0COG ,GJQXCU &KG 2GTUQPKHKMCVKQPGP XQP )ÒVG WPF 6TGWG OKV 2CNO WPF .QTDGGT\YGKI UVGJGP KP 9QNMGP WPF WOCTOGP WPF MÒUUGP UKEJ WPVGP NKGIGPFGT 0GKF OO I )CGF )GUEJKEJVG KP )QNF 44 (CUV XQT\ÒINKEJ &GT 2KPPGDGTIGT +PVGTKOUTG\G XQO 0QXGODGT OCTMKGTV GKPGP MWT\HTKUVKIGP 9CHHGPUVKNNUVCPF KP FGP NCPI CPFCWGTPFGP $GUVTGDWPIGP *CODWTIU UKEJ CWU FGT XQP &·PGOCTM DGCPURTWEJVGP 1DGTJQJGKV 'TDJWNFKIWPI \W NÌUGP FKG GTUV KP FGO )QVVQTRGT 8GTINGKEJ OKV FGT #PGTMGPPWPI FGT 4GKEJUWPOKVVGNDCTMGKV GPFGVGP &KG 5VCFV \CJNVG \WT #DYGPFWPI FGT FTQJGPFGP $GNCIGTWPI FWTEJ -ÌPKI %JTKUVKCP 8 4GKEJUVCNGT XGTURTCEJ FGO -ÌPKIG KP WPVGTVJ·PKIUVGT &GXQVKQP \WIGVCP \W UGKP WPF GTTGKEJVG FCHÒT W C FC &·PGOCTM FGT 5VCFV %QOOGT EKGP JGTIGDTCEJVG 4GEJVG 2TKXKNGIKGP WPF (TGKJGKVGP WPIGMT·PMV NCUUGP YQNNG +P *CODWTI YWTFG CO 0QXGODGT YGIGP FKGUGU IGUEJNQUUGPGP QHHGPDCT UGJT VTÒIGTKUEJGP (TKGFGPU GKP &CPMHGUV XGTCPUVCNVGV

1643

1644

&WMCV OKV 6KVGN .GQRQNFU + I (D )CGF

$CPMRQTVWICNÌUGT \W &WMCVGP Q , WPUKIPKGTV #PUKEJV FGT $ÌTUG *COOQPKC UKV\V T OKV %CFWEGWU $WEJ WPF 9CCIG OO I )CGF )GUEJKEJVG KP )QNF 4 -N *GPMGNURWT YKP\ -TCV\GT XQT\ÒINKEJ

8QT\ÒINKEJ

1646

1645

1646

&WMCV OKV 6KVGN .GQRQNFU + I (D )CGF 9KP\ 5VGORGNHGJNGT XQT\ÒINKEJ &WMCV Q , OKV 6KVGN .GQRQNFU + I (D )CGF 5GJT UEJÌPpXQT\ÒINKEJ

1647

$CPMRQTVWICNÌUGT \W &WMCVGP XQP , 4GVGMG #NVCT CP FGO FCU 5VCFVYCRRGP WPF FKG 9CRRGP FGT XKGT $ÒTIGTOGKUVGT CPIGDTCEJV UKPF \W FGP 5GKVGP 2CNO\YGKIG QDGP IGMTÌPVGT #FNGT OKV <GRVGT WPF 4GKEJUCRHGN KP 9QNMGP )TWPFTK FGT 5VCFV OO I )CGF )GUEJKEJVG KP )QNF 44 /KP IGYGNNV MN 4CPFHGJNGT XQT\ÒINKEJGU 'ZGORNCT

1648

1649

&WMCV OKV 6KVGN .GQRQNFU + I (D )CGF

2QTVWICNÌUGT \W &WMCVGP Q , WPUKIPKGTV 5VTCJNGPFGU )QVVGUCWIG KP 9QNMGP ÒDGT 5VCFV WPF *CHGPCPUKEJV &KG )ÌVVKP FGU ªDGTHNWUUGU OKV (ÒNNJQTP KO NKPMGP #TO WPF GTJQDGPGT 4GEJVGP UVGJV X X T PGDGP KJT UVGJGP 9CTGP CWH FGO $QFGP KO *KPVGTITWPF 5EJKHH WPF .CPFUEJCHV QDGP )QVVGUPCOG KP 5VTCJNGPMTGKU OO I )CGF )GUEJKEJVG KP )QNF 44 9KP\ 2TQDKGTURWT CO 4CPF XQT\ÒINKEJGU 'ZGORNCT

44 *ÒDUEJG )QNFRCVKPC XQT\ÒINKEJ

1650

2QTVWICNÌUGT \W &WMCVGP Q , WPUKIPKGTV 5VTCJNGPFGU )QVVGUCWIG ÒDGT 5VCFV WPF *CHGPCPUKEJV &KG )ÌVVKP FGU ªDGTHNWUUGU OKV (ÒNNJQTP KO TGEJVGP #TO WPF <YGKI KP FGT .KPMGP UVGJV JCNDT N PGDGP KJT UVGJGP 9CTGP CWH FGO $QFGP T #TOCVWTGP KO *KPVGTITWPF 5EJKHHG QDGP )QVVGU PCOG KP UVTCJNGPFGO 2GTNMTGKU OO I )CGF )GUEJKEJVG KP )QNF 44 5GJT UEJÌPpXQT\ÒINKEJ 79

1651

)QNFOGFCKNNG \W &WMCVGP Q , XQP , 4GVGMG )NWEMJGPPGPOGFCKNNG )NWEMJGPPG OKV -ÒMGP WPVGT GKPGO (GKIGPDCWO FGT XQP 9GKPTGDGP WOTCPMV KUV 2GTUQPKHK\KGTVG )GTGEJVKIMGKV OKV 5EJYGTV 9CCIG WPF 2CNO\YGKI WPF RGTUQPKHK\KGTVGT (NGK OKV $KGPGPMQTD UVGJGP CP #NVCT CWH FGO GKP CWHIGUEJNCIGPGU $WEJ NKGIV QDGP )QVVGUPCOG KP UVTCJNGPFGO 2GTNMTGKU OO I )CGF )GUEJKEJVG KP )QNF 4 -N 2TQDKGTURWT CO 4CPF XQT\ÒINKEJ

1652 1,5:1

1,5:1

&WMCV ,CJTGU\CJN KO 5VGORGN CWU IG·PFGTV OKV 6KVGN ,QUGHU + I 5VCFVYCRRGP FCTWP VGT WOJGT 2CNO\YGKIG WPVGP FCU /ÒP\OGKUVGT\GKEJGP Û + Û 4 Û ,QCEJKO 4WUVOG[GT /ÒP\OGK UVGT KP *CODWTI )GJCTPKUEJVGU $TWUVDKNF ,QUGHU + T OKV .QTDGGTMTCP\ WPVGP 5EJKNF OKV FGO IGMTÌPVGP 4GKEJUCFNGT (D )CGF #PO 8QP ITQGT 5GNVGPJGKV 9KP\ 4CPFHGJNGT UGJT UEJÌP

1654

1653

5CVKTKUEJG )QNFOGFCKNNG \W &WMCVGP Q , WPUKIPKGTV CWH FKG $GUVGEJNKEJMGKV FGT MCKUGTNKEJGP -QOOKUUKQP *CPF OKV )GNFUVÒEMGP 8QT )GUKEJV IGURTGK\VG *CPF OO I %QNN (KGYGIGT FQTV KP 5KNDGT )CGF ++ 5 FQTV KP 5KNDGT )GUEJKEJVG KP )QNF 4 (CUV XQT\ÒINKEJ

)GIGP 'PFG FGU ,CJTJWPFGTVU ICD GU KO 8GTJ·NVPKU \YKUEJGP 4CV WPF $ÒTIGTUEJCHV VKGHITGKHGPFG RQNKVKUEJG #WU GKPCPFGTUGV\WPIGP FKG FWTEJ FCU 'KPITGKHGP GKPKIGT FGOCIQIKUEJGT 2CUVQTGP PQEJ XGTUEJ·THV YWTFGP 'U MCO \W GKPGO YGKVIGJGPFGP <GTHCNN FGT UVCCVNKEJGP 1TFPWPI UQ FC UEJNKGNKEJ FGT -CKUGT GKPITGKHGP OWVG WPF GKPG -QOOKUUKQP WPVGT FGO )TCHGP *WIQ &COKCP XQP 5EJÌPDQTP PCEJ *CODWTI GPVUCPFVG &KGUGT -QOOKUUKQP IGNCPI GU KP WOUKEJVKIGT 9GKUG OKV FGO UQIGPCPPVGP *CWRVTG\G GKP )GUGV\GUYGTM \W UEJCHHGP FCU FKG 4GEJVG XQP 5GPCV WPF $ÒTIGTUEJCHV TGIGNVG WPF HÒT ,CJTG $GUVCPF JCDGP UQNNVG &KG XQTNKGIGPFG 5RQVVOGFCKNNG GPVUVCOOV XGTOWVNKEJ FGT <GKV FGT MCKUGTNKEJGP -QOOKUUKQP

&WMCV OKV 6KVGN ,QUGHU + I (D )CGF 5GNVGP DGUQPFGTU FKGUGT ,CJTICPI 5GJT UEJÌPpXQT\ÒINKEJ

1655

1656

1655

&WMCV OKV 6KVGN ,QUGHU + I (D )CGF

&WMCVGP OKV 6KVGN -CTNU 8+ I 5VCFVYCRRGP KP XGT\KGTVGT -CTVWUEJG WPVGP FCU /ÒP\OGK UVGT\GKEJGP + 4 ,QCEJKO 4WUVOG[GT /ÒP\OGKUVGT KP *CODWTI )GMTÌPVGT &QRRGNCFNGT OKV <GRVGT WPF 5EJYGTV KP FGP (·PIGP CWH FGT $TWUV 4GKEJUCRHGN WPVGP (D )CGF C XCT 44 /KP IGYGNNV UGJT UEJÌPpXQT\ÒINKEJ

5GJT UEJÌP

1657

1,5:1

&WMCVGP OKV 6KVGN -CTNU 8+ I 5VCFVYCRRGP KP XGT\KGTVGT -CTVWUEJG WPVGP FCU /ÒP\OGK UVGT\GKEJGP + Û * Û . Û ,QJCPP *KPTKEJ .ÌYG /ÒP\OGKUVGT KP *CODWTI )GMTÌPVGT &QRRGNCFNGT OKV <GRVGT WPF 5EJYGTV KP FGP (·PIGP CWH FGT $TWUV 4GKEJUCRHGN \W FGP 5GKVGP FGT 5EJYCP\HGFGTP Û (D )CGF XCT 44 /KP IGYGNNV XQT\ÒINKEJGU 'ZGORNCT

1658

1659

&WMCV OKV 6KVGN -CTNU 8+ I 5VCFVYCRRGP KP XGT\KGTVGT -CTVWUEJG WPVGP FCU /ÒP\OGKUVGT \GKEJGP + Û * Û . Û ,QJCPP *KPTKEJ .ÌYG /ÒP\OGKUVGT KP *CODWTI )GMTÌPVGT &QR RGNCFNGT OKV <GRVGT WPF 5EJYGTV KP FGP (·PIGP CWH FGT $TWUV 4GKEJUCRHGN \W FGP 5GKVGP FGT 5EJYCP\ HGFGTP (D )CGF 8QP ITÌVGT 5GNVGPJGKV 5GJT UEJÌPpXQT\ÒINKEJ

&WMCV OKV 6KVGN -CTNU 8+ I (D )CGF

/KP IGYGNNV HCUV XQT\ÒINKEJ

1660

1660 1,5:1

1662 1661

&WMCV OKV 6KVGN -CTNU 8+ I (D )CGF &WMCV OKV 6KVGN -CTNU 8+ I (D )CGF &WMCV OKV 6KVGN -CTNU 8+ I (D )CGF

1663

/KP IGYGNNV XQT\ÒINKEJ (CUV XQT\ÒINKEJ (CUV XQT\ÒINKEJ

1664

1665

&WMCV OKV 6KVGN -CTNU 8+ I (D )CGF C XCT 5GNVGPGT ,CJTICPI /KP IGYGNNV XQT\ÒINKEJ

&WMCVGP OKV 6KVGN -CTNU 8+ I 5VCFVYCRRGP KP XGT\KGTVGT -CTVWUEJG WPVGP FCU /ÒP\OGK UVGT\GKEJGP + Û * Û . Û ,QJCPP *KPTKEJ .ÌYG /ÒP\OGKUVGT KP *CODWTI )GMTÌPVGT &QR RGNCFNGT OKV <GRVGT WPF 5EJYGTV KP FGP (·PIGP CWH FGT $TWUV 4GKEJUCRHGN \W FGP 5GKVGP FGT 5EJYCP\ HGFGTP Û (D )CGF C 44 0WT 'ZGORNCTG IGRT·IV /KP IGYGNNV XQT\ÒINKEJGU 'ZGORNCT

1666

1667

&WMCV OKV 6KVGN -CTNU 8+ I (D )CGF &WMCV OKV 6KVGN -CTNU 8+ I (D )CGF &WMCV OKV 6KVGN -CTNU 8+ I (D )CGF C

1668

5GNVGPGT ,CJTICPI 8QT\ÒINKEJ 8QT\ÒINKEJ /KP LWUVKGTV XQT\ÒINKEJ

1669

2QTVWICNÌUGT \W &WMCVGP Q , XQP 2 * )ÌFGEMG &TGK IWVG 4GIGNP *COOQPKC UKV\V X X FKG 4GEJVG CWH \YGK )GUGV\GUVCHGNP IGNGIV KP FGT GTJQDGPGP .KPMGP 9CCIG T NKGIGPFGT .ÌYG /·PPNKEJG )GUVCNV UVGJV JCNDT OKV 2CNO\YGKI WPF .KEJV N *CPF CWU 9QNMGP OKV GKPGT 7T MWPFG T *CPF CWU 9QNMGP OKV GKPGT UVTCJNGPFGP -TQPG OO I )CGF )GUEJKEJVG KP )QNF 8QT\ÒINKEJ

1670

1671

&WMCV OKV 6KVGN -CTNU 8+ I (D )CGF /KP IGYGNNV YKP\ 4CPFHGJNGT XQT\ÒINKEJ

&WMCV OKV 6KVGN -CTNU 8+ I (D )CGF

/KP IGYGNNV XQT\ÒINKEJ

1673

1672

&WMCVGP OKV 6KVGN -CTNU 8+ I 5VCFVYCRRGP KP XGT\KGTVGT -CTVWUEJG WPVGP FCU /ÒP\OGK UVGT\GKEJGP + Û * Û . Û ,QJCPP *KPTKEJ .ÌYG /ÒP\OGKUVGT KP *CODWTI )GMTÌPVGT &QR RGNCFNGT OKV <GRVGT WPF 5EJYGTV KP FGP (·PIGP CWH FGT $TWUV 4GKEJUCRHGN \W FGP 5GKVGP FGT 5EJYCP\ HGFGTP Û (D )CGF 5GNVGPGT ,CJTICPI /KP IGYGNNV XQT\ÒINKEJ

&WMCV OKV 6KVGN -CTNU 8+ I (D )CGF

1675

1674

'VYCU DGTKGDGP UGJT UEJÌPpXQT\ÒINKEJ

1676

&WMCV OKV 6KVGN -CTNU 8++ I (D )CGF

&WMCVGP OKV 6KVGN XQP (TCP\ + I 5VCFVYCRRGP KP XGT\KGTVGT -CTVWUEJG WPVGP FCU /ÒP\ OGKUVGT\GKEJGP + Û * Û . Û ,QJCPP *KPTKEJ .ÌYG /ÒP\OGKUVGT KP *CODWTI )GMTÌPVGT &QRRGNCFNGT OKV <GRVGT WPF 5EJYGTV KP FGP (·PIGP CWH FGT $TWUV 4GKEJUCRHGN \W FGP 5GKVGP FGT 5EJYCP\HGFGTP (D )CGF 5GJT UGNVGPGT ,CJTICPI 0WT 'ZGORNCTG IGRT·IV 8QT\ÒINKEJ

44 8QT\ÒINKEJp5VGORGNINCP\

1677

1,5:1

&WMCVGP OKV 6KVGN XQP (TCP\ + I 5VCFVYCRRGP KP XGT\KGTVGT -CTVWUEJG WPVGP FCU /ÒP\ OGKUVGT\GKEJGP + Û * Û . Û ,QJCPP *KPTKEJ .ÌYG /ÒP\OGKUVGT KP *CODWTI )GMTÌPVGT &QRRGNCFNGT OKV <GRVGT WPF 5EJYGTV KP FGP (·PIGP CWH FGT $TWUV 4GKEJUCRHGN (D )CGF C 0WT 'ZGORNCTG IGRT·IV 8QT\ÒINKEJp5VGORGNINCP\ 83

1678

1679

&WMCV OKV 6KVGN XQP (TCP\ + I (D )CGF 5GJT UGNVGPGT ,CJTICPI 2TCEJVGZGORNCT 9KP\ 5VGORGNHGJNGT CWH FGT 8QTFGTUGKVG HCUV 5VGORGNINCP\ &WMCV OKV 6KVGN XQP (TCP\ + I (D )CGF

1680

1681

(CUV XQT\ÒINKEJ

1683

1682

&WMCV OKV 6KVGN XQP (TCP\ + I (D )CGF

&WMCVGP OKV 6KVGN XQP (TCP\ + I 5VCFVYCRRGP KP XGT\KGTVGT -CTVWUEJG WPVGP FCU /ÒP\ OGKUVGT\GKEJGP + Û * Û . Û ,QJCPP *KPTKEJ .ÌYG /ÒP\OGKUVGT KP *CODWTI )GMTÌPVGT &QRRGNCFNGT OKV <GRVGT WPF 5EJYGTV KP FGP (·PIGP CWH FGT $TWUV 4GKEJUCRHGN (D )CGF 0WT 'ZGORNCTG IGRT·IV 9KP\ 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

&WMCV OKV 6KVGN XQP (TCP\ + I (D )CGF

/KP IGYGNNV XQT\ÒINKEJ

/KP IGYGNNV HCUV XQT\ÒINKEJ

1684

1686

1685

1686

&WMCV OKV 6KVGN XQP (TCP\ + I (D )CGF 5GJT UGNVGPGT ,CJTICPI 8QT\ÒINKEJp5VGORGNINCP\

&WMCVGP OKV 6KVGN ,QUGHU ++ I 5VCFVYCRRGP KP XGT\KGTVGT -CTVWUEJG WPVGP FCU /ÒP\OGK UVGT\GKEJGP 1 Û * Û - Û 1VVQ *GKPTKEJ -PQTTG /ÒP\OGKUVGT KP *CODWTI )GMTÌPVGT &QRRGNCFNGT OKV <GRVGT WPF 5EJYGTV KP FGP (·PIGP CWH FGT $TWUV 4GKEJUCRHGN (D )CGF C 4 0WT 'ZGORNCTG IGRT·IV 9KP\ 5VGORGNHGJNGT HCUV XQT\ÒINKEJ

$CPMRQTVWICNÌUGT \W &WMCVGP WPUKIPKGTV CWH FCU PGWG $CPMU[UVGO 5EJTGKDVKUEJ OKV 6KUEJ FGEMG CP FGT FCU *CODWTIGT 9CRRGP CPIGDTCEJV KUV CWH FGO 6KUEJ NKGIV GKP CWHIGUEJNCIGPGU $WEJ FCJKPVGT (GFGTMKGN T 2TQDKGTVKUEJ OKV 9CCIG WPF CPFGTGP )GT·VGP )TQGT 6KUEJ OKV 9CCIG CWH FGT 5KNDGTDCTTGP IGYQIGP YGTFGP OO I )CGF )GUEJKEJVG KP )QNF 44 /KP -TCV\GT UGJT UEJÌPpXQT\ÒINKEJ

1688

1687

1689

1690

&WMCV OKV 6KVGN ,QUGHU ++ I (D )CGF 5GJT UGNVGPGT ,CJTICPI /KP 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

&WMCVGP OKV 6KVGN ,QUGHU ++ I 8GT\KGTVG 6CHGN OKV HÒPH <GKNGP 5EJTKHV FCTÒDGT FCU *CO DWTIGT 5VCFVYCRRGP )GMTÌPVGT &QRRGNCFNGT OKV <GRVGT WPF 5EJYGTV KP FGP (·PIGP CWH FGT $TWUV 4GKEJUCRHGN \W FGP 5GKVGP FGT 5EJYCP\HGFGTP (D )CGF 8QT\ÒINKEJp5VGORGNINCP\

)QNFCDUEJNCI XQP FGP 5VGORGNP FGU 5EJKNNKPIU I )CGF \W )GUEJKEJVG KP )QNF -N 2TQDKGTURWT CO 4CPF UGJT UEJÌP

1692

1691

&WMCV OKV 6KVGN ,QUGHU ++ I (D )CGF

5GJT UEJÌPpXQT\ÒINKEJ

1695

1693

1694

)QNFCDUEJNCI XQP FGP 5VGORGNP FGU &TGKNKPIU \W GKPGO &WMCVGP I )CGF \W )GUEJKEJVG KP )QNF -N 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

1696

1697

)QNFOGFCKNNG \W &WMCVGP XQP # #DTCOUQP CWH FCU L·JTKIG $GUVGJGP FGT ++ #UUGEWTCP\ %QORCIPKG &KG RGTUQPKHK\KGTVG *QHHPWPI UVGJV T CWH GKPGP #PMGT IGNGJPV KO *KPVGTITWPF N 5GIGN UEJKHH T CWHIGJGPFG 5QPPG 2QUVCOGPV FCTCWH /GTMWTDÒUVG T &TGK\CEM WPF %CFWEGWU CO $QFGP N -TCPKEJ T $KGPGPMQTD OO I )CGF )GUEJKEJVG KP )QNF *QHHOCPP 44 9KP\ -TCV\GT XQT\ÒINKEJ &GT IWVG 'THQNI FGT GTUVGP KP *CODWTI GPVUVCPFGPGP #UUGEWTCP\ %QORCIPKG HÒJTVG \WT )TÒPFWPI GKPGU YGKVG TGP INGKEJGP 7PVGTPGJOGPU FCU OKV FGO ,CPWCT CNU 0GWG UR·VGT ++ #UUGEWTCP\ %QORCIPKG KPU .GDGP VTCV 5KG UVCPF UGKV WPVGT FGT .GKVWPI XQP ,QJCPP /GKPJCTF 5EJOKFV FGUUGP +PKVKCNGP KP FGT #WHUEJTKHV WPVGT FGO 2QUVCOGPV FGT 4ÒEMUGKVGPFCTUVGNNWPI \W NGUGP UKPF

&WMCVGP OKV 6KVGN XQP (TCP\ ++ I (D )CGF 4 0WT 'ZGORNCTG IGRT·IV 5GJT UEJÌPpXQT\ÒINKEJ

1698

1699

&WMCVGP OKV 6KVGN XQP (TCP\ ++ I (D )CGF 4 0WT 'ZGORNCTG IGRT·IV 9KP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

)QNFCDUEJNCI XQP FGP 5VGORGNP FGU 5EJKNNKPI 5VÒEMU \W &WMCVGP OKV 6KVGN XQP (TCP\ ++ I 5VCFVYCRRGP FCTWPVGT FCU /ÒP\OGKUVGT\GKEJGP 1 Û * Û - Û 1VVQ *GKPTKEJ -PQTTG /ÒP\OGKUVGT KP *CODWTI )GMTÌPVGT &QRRGNCFNGT OKV 5EJYGTV WPF <GRVGT KP FGP (·PIGP CWH FGT $TWUV 4GKEJUCRHGN )CGF \W )GUEJKEJVG KP )QNF 8QP ITQGT 5GNVGPJGKV 5GJT UEJÌPpXQT\ÒINKEJ

1700

1701

)QNFOGFCKNNG \W &WMCVGP Q , XQP # #DTCOUQP 2T·OKG FGT )GUGNNUEJCHV \WT $GHÌTFGTWPI FGT -ÒPUVG WPF PÒV\NKEJGP )GYGTDG 2QUVCOGPV FCTCWH $KGPGPMQTD \YKUEJGP 'WNG WPF )NQDWU WOJGT NKGIGP #VVTKDWVG FGU #EMGTDCWU WPF FGU *CPFGNU CO $QFGP KO #DUEJPKVV UVGJV FCU )TÒPFWPIULCJT FGT )GUGNNUEJCHV )GHNÒIGNVGT )GPKWU OKV \YGK 'KEJGPMT·P\GP KP FGT .KPMGP J·NV OKV FGT 4GEJVGP \YGK YGKVGTG 'KEJGPMT·P\G ÒDGT GKPGP #NVCT FGT OKV FGO *CODWTIGT 5VCFVYCRRGP IGUEJOÒEMV KUV OO I )CGF )GUEJKEJVG KP )QNF *QHHOCPP 4 /KP 4CPFHGJNGT YKP\ -TCV\GT XQT\ÒINKEJ

$CPMRQTVWICNÌUGT \W &WMCVGP XQP # #DTCOUQP CWH FCU PGWG ,CJTJWPFGTV (TKGFGPUYWPUEJ *COOQPKC WOHCV OKV FGO NKPMGP #TO GKP 4WVGPDÒPFGN WPF NGGTV OKV FGT 4GEJVGP GKPG 1RHGTUEJCNG ÒDGT GKPGO DTGPPGPFGP #NVCT FGT OKV FGO *CODWTIGT 5VCFVYCRRGP IGUEJOÒEMV KUV )GHNÒIGNVGT )G PKWU OKV ¤N\YGKI UEJTGKVGV N OO I )CGF )GUEJKEJVG KP )QNF *QHHOCPP 4 (CUV XQT\ÒINKEJ

1703

1702

$CPMRQTVWICNÌUGT \W &WMCVGP XQP # #DTCOUQP CWH FCU PGWG ,CJTJWPFGTV (TKGFGPU YWPUEJ *COOQPKC WOHCV OKV FGO NKPMGP #TO GKP 4WVGPDÒPFGN WPF NGGTV OKV FGT 4GEJVGP GKPG 1RHGT UEJCNG ÒDGT GKPGO DTGPPGPFGP #NVCT FGT OKV FGO *CODWTIGT 5VCFVYCRRGP IGUEJOÒEMV KUV )GHNÒIGNVGT )GPKWU OKV ¤N\YGKI UEJTGKVGV N OO I )CGF )GUEJKEJVG KP )QNF *QHHOCPP 4 (CUV XQT\ÒINKEJ

$CPMRQTVWICNÌUGT \W &WMCVGP XQP # #DTCOUQP CWH FGP (TKGFGP XQP #OKGPU %GTGU OKV JTGPDÒPFGN WPF /GTMWT OKV %CFWEGWU TGKEJGP UKEJ FKG *·PFG ÒDGT GKPGO #NVCT FGT OKV FGO *CODWT IGT 5VCFVYCRRGP IGUEJOÒEMV KUV 'NDIQVV NCIGTV N FGP NKPMGP #TO CWH GKPG 3WGNNWTPG IGNGJPV KP FGT GTJQDGPGP 4GEJVGP J·NV GT GKPG 2CZ 5VCVWGVVG OO I )CGF )GUEJKEJVG KP )QNF *QHHOCPP 2CZ KP 0WOOKU 4 -N 4CPFHGJNGT XQT\ÒINKEJ

1705

1704

1706

$CPMRQTVWICNÌUGT \W &WMCVGP WPUKIPKGTV CWH FKG ,CJTHGKGT FGT 4GHQTOCVKQP 5KGDGP <GKNGP 5EJTKHV FCTWPVGT FCU *CODWTIGT 5VCFVYCRRGP KO #DUEJPKVV \YGK <GKNGP 5EJTKHV $TWUVDKNF /CTVKP .WVJGTU N OO I )CGF )GUEJKEJVG KP )QNF 5NI 9JKVKPI FQTV KP 5KNDGT 44 /KP 4CPFHGJNGT XQT\ÒINKEJ

$CPMRQTVWICNÌUGT \W &WMCVGP WPUKIPKGTV CWH FKG ,CJTHGKGT FGT DÒTIGTUEJCHVNKEJGP 8GTHCU UWPI &CU *CODWTIGT 5VCFVYCRRGP WOJGT HÒPH (·EJGT OKV FGP 9CRRGP FGT -KTEJURKGNG UQYKG HÒPH YGKVGTG XGT\KGTVG (·EJGT 'KP 4CVUJGTT WPF XKGT -KTEJGPXQTUVGJGT UVGJGP WO GKPGP 5EJTGKP OO I )CGF )GUEJKEJVG KP )QNF 8QT\ÒINKEJ

7PVGT FGO 'KPFTWEM FGT 4GHQTOCVKQP GTHWJTGP FKG $GUVTGDWPIGP FGT $ÒTIGTUEJCHV 'KPHNW CWH FCU 5VCFVTGIKOGPV \W PGJOGP DGK FGT 4CVUYCJN FGU ,CJTGU GKPGP GTPGWVGP PWP PCEJJCNVKIGP #WHVTKGD &KG -KTEJURKGNUXGTVTGVGT UGV\VGP FKG 'KPTKEJVWPI UV·PFKIGT DÒTIGTNKEJGT -QPVTQNNHWPMVKQPGP IGIGPÒDGT FGO 4CV CWUIGUVCVVGVGT -QNNGIKGP FWTEJ FGTGP 4GEJVG KP FGO .CPIGP 4G\G XQP HGUVIGNGIV YWTFGP &KGUGP GTUVGP WPF GTHQNITGKEJGP 8GTUWEJ FCU TGEJVNKEJG 8GTJ·NVPKU \YKUEJGP 4CV WPF $ÒTIGTUEJCHV \W TGIGNP RTKGUGP UR·VGT )GPGTCVKQPGP CNU $GITÒPFWPI FGT GKIGPVNKEJGP DÒTIGTNKEJGP 8GTHCUUWPI *CODWTIU

1708

1707

)QNFOGFCKNNG \W &WMCVGP Q , XQP % 8QKIV 2T·OKG FGT )GUGNNUEJCHV \WT $GHÌTFGTWPI FGT -ÒPUVG WPF PÒV\NKEJGP )GYGTDG $KGPGPMQTD OKV CWUUEJY·TOGPFGP $KGPGP FCTWPVGT UVGJV FCU )TÒP FWPIULCJT FGT )GUGNNUEJCHV *COOQPKC UKV\V N CWH 5EJKHHUDWI OKV 5VGWGTTWFGT OO I )CGF )GUEJKEJVG KP )QNF -N 4CPFMGTDG HCUV XQT\ÒINKEJ

&WMCV I &KXQ 5 (D 5EJN

1710

1711

1709

(CUV XQT\ÒINKEJ

$CPMRQTVWICNÌUGT \W &WMCVGP XQP ( 5VCWFKIGN WPF % 5EJPKV\URCJP CWH FGP )GDWTVUVCI FGU &KEJVGTU (TKGFTKEJ XQP 5EJKNNGT 5\GPG CWU 5EJKNNGTU )GFKEJV &KG )NQEMG FCTWPVGT FCU *CODWTIGT 5VCFVYCRRGP $TWUVDKNF XQP 5EJKNNGTU JCNDN OKV .QTDGGTMTCP\ OO I )CGF )G UEJKEJVG KP )QNF 8QT\ÒINKEJ

&WMCV I &KXQ 5 (D 5EJN &WMCV I &KXQ 5 (D 5EJN

-PKEMURWT UGJT UEJÌP 5GJT UEJÌPpXQT\ÒINKEJ

1712

)QNFOGFCKNNG \W &WMCVGP XQP , .QTGP\ CWH FKG 8QNNGPFWPI FGT 2GVTKMKTEJG #PUKEJV FGT -KTEJG $KDGNURTWEJ KP UGEJU <GKNGP WPVGP CO 4CPF '8 ,1* % 8 OO I )CGF 0CEJVTCI )GUEJKEJVG KP )QNF 4 5GJT UEJÌPpXQT\ÒINKEJ

1713

)QNFOGFCKNNG XQP , .CPIC WPF 2 &[HGEMG CWH FKG ,CJTHGKGT FGT ªDGTICDG FGU 5EJNQUUGU 4KV\GDÒVVGN CP FKG 5VCFV *CODWTI $TWUVDKNFGT FGT $ÒTIGTOGKUVGT , 8GTUOCPP WPF - /KNGU T \W FGP 5GKVGP KJTG 9CRRGP FCTWPVGT FKG ,CJTGU\CJNGP 5GIGNUEJKHH CWH /GGT KO *KPVGTITWPF FGT 6WTO XQP 0GWYGTM WPVGP 5VCFVYCRRGP /KV 4CPFRWP\G OO I )CGF 0CEJVTCI XCT 5VGORGNINCP\ )CGFGEJGPU DGOGTMV KP UGKPGO 0CEJVTCI FC FKG IQNFGPGP 'ZGORNCTG FKGUGT /GFCKNNG UR·VGTG XQO 5GPCV IGPGJOKIVG 2T·IWPIGP XQP FGP 1TKIKPCNUVGORGNP UKPF FKG \W )GUEJGPM\YGEMGP DGK ,WDKN·GP CP $GCOVG FGT 5VCFV CWUIGIGDGP YWTFGP

1716 1715

1714

*'55'0 *'55'0 -#55'. .#0&)4#(5%*#(6 5'+6 -74(ª456'067/

9KNJGNO 8 &WMCV -CUUGN CWH UGKPGP 6QF I (D 5EJÒV\ /KP IGYGNNV UGJT UEJÌP

-CTN &WMCV Q , -CUUGN I -QRH T )GMTÌPVGU UGEJUHGNFKIGU 9CRRGP OKV /KVVGN UEJKNF (D 5EJÒV\ 44 8QT\ÒINKEJ

'TUV PCEJ FGO 6QFG UGKPGU $TWFGTU 9KNJGNO 8++ DGMCO %CTN #PURTÒEJG CWH FGP 6JTQP +P FGP ,CJTGP HÒJTVG UGKPG /WVVGT *GFYKI 5QRJKC YKG DGTGKVU DGK UGKPGO $TWFGT FKG 4GIKGTWPIUIGUEJ·HVG CNU 8QTOÒPFGTKP CWU

9KNJGNO 8+++ &WMCV -CUUGN I (D 5EJÒV\

1717

1718

8QT\ÒINKEJ

1718

9KNJGNO ++ 6CNGT I )GMTÌPVGU 9CRRGP WOJGT 1TFGPUMGVVG 9GTV &KXQ 5 (D 5EJN 5GJT UEJÌP

*'55'0 &#4/56#&6 .#0&)4#(5%*#(6 5'+6 )4155*'4<1)67/

.WFYKI ++ )WNFGP I &KXQ 5 (D XGTIN 5EJN 5GNVGPGT ,CJTICPI 5GJT UEJÌPpXQT\ÒINKEJ

1719

1720

1721

,ª.+%* -.'8' $'4) ,ª.+%* )4#(5%*#(6 #$ /#4-)4#(5%*#(6 5'+6 *'4<1)67/

4GKPCNF )QNFIWNFGP Q , ,ÒNKEJ I (D 0QUU 5GNVGP KP FKGUGT 'TJCNVWPI 8QNN CWUIGRT·IVGU XQT\ÒINKEJGU 'ZGORNCT

56#&6

-#7($'74'0

)QNFIWNFGP OKV 6KVGN -CTNU 8 I m %#41.85 f 8 f 41/ f +/2 f 5'/ f #8 )GJCT PKUEJVGU WPF IGMTÌPVGU *ÒHVDKNF N OKV <GRVGT WPF 4GKEJUCRHGN -GNEJ /10'6# f #84' %+8+=6?# f -#8($ 4GKEJUCRHGN KP &TGKRC \W FGP 5GKVGP (D \W 0CW 8QP ITÌVGT 5GNVGPJGKV 5EJTÌVNKPIUTK IGUVQRHVGU .QEJ HCUV UGJT UEJÌP

'4<$+567/

-¤.0

&KGVTKEJ ++ XQP /QGTU )QNFIWNFGP Q , $QPP I (D 0QUU 5GJT UEJÌP

1722 1,5:1

1,5:1

56#&6

&WMCV OKV 6KVGN -CTNU 8+ I )GMTÌPVGT &QRRGNCFNGT OKV 9CRRGPUEJKNF CWH FGT $TWUV KP FGP (·PIGP 5EJYGTV WPF <GRVGT WPVGP \W FGP 5GKVGP FCU /ÒP\OGKUVGT\GKEJGP * - *GKPTKEJ -QRRGTU /ÒP\OGKUVGT KP -ÌNP )GJCTPKUEJVGU $TWUVDKNF -CTNU 8+ T OKV .QTDGGTMTCP\ WPF FGT -GVVG FGU 1TFGPU XQO )QNFGPGP 8NKGU (D 0QUU D XCT 4 9KP\ 2T·IGUEJY·EJG XQT\ÒINKEJGU 'ZGORNCT

1723

1724

.'+0+0)'0 .'+0+0)'0 9'56'4$74) )4#(5%*#(6

.WFYKI )QNFIWNFGP )TÒPUVCFV I (D ,QUGRJ C

.ª$'%-

56#&6

5GJT UEJÌP

)QNFIWNFGP Q , WO OKV )GIGPUVGORGN XQP .ÒDGEM CWH FGT 4ÒEMUGKVG &QRRGNCFNGT I $GJTGPU C H (D -TWU[ . 5GJT UEJÌP

1725

)QNFCDUEJNCI \W &WMCVGP XQP FGP 5VGORGNP FGU FTKVVGP $TÌOUGPVCNGTU OKV 6KVGN -CTNU 8 I /10'6# Û %'5#4' Û %+8+6#6+5 $TGOUG $ÒTIGTOGKUVGT 0KEQNCWU $TÌOUG Ó 0QXGODGT .8$'% /ÒP\OGKUVGT\GKEJGP $NCVV ,ÒTIGP $QEMJQNV /ÒP\OGKUVGT KP .ÒDGEM )GJCTPKUEJVGT 4KVVGT MPKGV N OKV 5EJYGTV WPF 9CRRGPUEJKNF ‰ +/2 Û %#41.85 Û 8 Û %'5#485 Û 08..+ Û 5'%8&85 Û )GJCTPKUEJVGU $TWUVDKNF -CTNU 8 T OKV $CTGVV WOIGNGIVGO /CPVGN WPF 5RKV\ DCTV $GJTGPU XIN (D 5NI &T &WOONGT XIN FQTV CNU 6CNGT DGMCPPVGU 'ZGORNCT 5EJÌP 'KP &WMCVGP 5VÒEM FKGUGU 6[RU DGHKPFGV UKEJ KO /ÒP\MCDKPGVV .ÒDGEM 0CEJ WPUGTGP 4GEJGTEJGP KUV FKGUGU 5VÒEM KO *CPFGN PQEJ PKG CPIGDQVGP YQTFGP GU JCPFGNV UKEJ QHHGPDCT WO FCU GKP\KIG KO /CTMV DGHKPFNKEJG 'ZGORNCT

1726

1727

&WMCV I $GJTGPU (D XIN

&WMCV OKV FGO #D\GKEJGP FGU $ÒTIGTOGKUVGTU %JTKUVQRJ )GTFGU I $GJTGPU C (D 44 5GJT UEJÌP

44 /KP IGYGNNV UGJT UEJÌP

1728

1729

&WMCV OKV FGO #D\GKEJGP FGU $ÒTIGTOGKUVGTU %JTKUVQRJ )GTFGU I $GJTGPU C (D 44 /KP 5EJTÌVNKPIUHGJNGT CO 4CPF UGJT UEJÌP

&WMCV CWH FKG ,CJTHGKGT FGT 4GHQTOCVKQP I $GJTGPU D (D 5NI 9JKVKPI 8QT\ÒINKEJ

1730

1,5:1

1731

1,5:1

&WMCV )QNFCDUEJNCI XQP FGP 5VGORGNP FGU &TGKNKPIU I $GJTGPU D 44 8QT\ÒINKEJ

&WMCV )QNFCDUEJNCI XQP FGP 5VGORGNP FGU 5EJKNNKPIU I $GJTGPU E , #PO 8QT\ÒINKEJp5VGORGNINCP\

1733

1732

1734

1735

&WMCV OKV 6KVGN .GQRQNFU ++ WPF OKV #D\GKEJGP FGU $ÒTIGTOGKUVGTU *GTOCPP )GQTI $ÒPGMCW I $GJTGPU C (D , 5EJN 5GNVGPGT ,CJTICPI 8QT\ÒINKEJ

&WMCV OKV 6KVGN XQP (TCP\ ++ WPF FGO #D\GKEJGP FGU $ÒTIGTOGKUVGTU *GTOCPP )GQTI $ÒPGMCW I $GJTGPU (D , D 5EJN 44 9KP\ 4CPFHGJNGT XQT\ÒINKEJp5VGORGNINCP\

&WMCV OKV 6KVGN XQP (TCP\ ++ I $GJTGPU C (D , D 5EJN 8QT\ÒINKEJp5VGORGNINCP\

&WMCV OKV 6KVGN XQP (TCP\ ++ WPF FGO #D\GKEJGP FGU $ÒTIGTOGKUVGTU *GTOCPP )GQTI $ÒPGMCW I $GJTGPU (D &KXQ 5 5EJN /KP IGYGNNV XQT\ÒINKEJp5VGORGNINCP\

.ÒDGEM UKGJG CWEJ 0TP

1736

56#&6

1737

.ª0'$74)

)QNFIWNFGP Q , OKV 6KVGN (TKGFTKEJU +++ I (D -P[RJ *GPMGNURWT UGJT UEJÌP

)QNFIWNFGP Q , OKV 6KVGN /CZKOKNKCPU + I $CJTHGNFV KP $GTNKPGT /ÒP\DN·VVGT 5 5RCNVG 0T C (D 4 5GJT UEJÌP

1738

1,5:1

1739

1,5:1

/'%-.'0$74) /'%-.'0$74) 5%*9'4+0 *'4<1)67/ 5'+6 )4155*'4<1)67/

(TKGFTKEJ 9KNJGNO &WMCV Q , 5EJYGTKP I $TWUVDKNF T OKV WOIGNGIVGO /CPVGN 9GTV KP FTGK <GKNGP 'XGTU (D -WP\GN # C 5NI )CGVVGPU 8QT\ÒINKEJp5VGORGNINCP\

&WMCV Q , 5EJYGTKP I $TWUVDKNF T OKV WOIGNGIVGO /CPVGN 9GTV KP FTGK <GKNGP 'XGTU (D -WP\GN $ C 5NI )CGVVGPU 5GJT UEJÌP

/GEMNGPDWTI UKGJG CWEJ 0TP

1740

1741

0ª40$'4)

56#&6

&WMCV I (D -GNNPGT 5GNVGP DGUQPFGTU KP FKGUGT 'TJCNVWPI /KP IGYGNNV YKP\ -TCV\GT HCUV 5VGORGNINCP\

&WMCVGP OKV 6KVGN (GTFKPCPFU +++ CWH FGP (TKGFGPUGZGMWVKQPUJCWRVTG\G I 5KGDGP <GKNGP 5EJTKHV FCTÒDGT 9CRRGP OKV .QTDGGT WPF 2CNO\YGKI 'TFMWIGN CWU FGT UKEJ \YGK *·PFG GKPGO -TCP\ GPVIGIGPUVTGEMGP FGT XQP GKPGT *CPF CWU 9QNMGP IGJCNVGP YKTF &GVJ 1TF (D -GNNPGT /KP IGYGNNV XQT\ÒINKEJ

1743

1742

&WMCV OKV 6KVGN (GTFKPCPFU +++ CWH FGP (TKGFGPUGZGMWVKQPUJCWRVTG\G I &GVJ 1TF (D -GNNPGT C 2CZ KP 0WOOKU /KP IGYGNNV XQT\ÒINKEJ

&WMCV .COORT·IWPI I -GNNPGT (D

.GKEJV IGYGNNV UGJT UEJÌP

1744

&WMCVGP CWH FKG ,CJTGUHGKGT FGU (TKGFGPU XQP 4KLUYKLM I 5VCFVCPUKEJV XQP 1UVGP FCTÒDGT UVTCJNGPFGT 0COG ,GJQXCU KO #DUEJPKVV /10'6# 4'+27$Ù 014+/$'4)'0 5+5 Ü Ü ':126#6# &+8 2#: %1' .+ ': /80'4' 8'0+6 Ü FKG ,CJTGU\CJN KUV CNU %JTQPQITCOO KP FGT 7OUEJTKHV FCTIGUVGNNV (TKGFGPUIÌVVKP OKV ¤N\YGKI WPF /GTMWTUVCD UVGJV X X CWH 5QEMGN FCTCWH /ÒP\OGKUVGT\GKEJGP )(0 Ü )GQTI (TKGFTKEJ 0ÒTPDGTIGT /ÒP\OGKUVGT KP 0ÒTPDGTI WPVGP \W FGP 5GKVGP \YGK )GPKGP OKV 2CNO\YGKIGP WPF 9CRRGPUEJKNFGP (D -GNNPGT #PO 2CZ KP 0WOOKU 44 8QT\ÒINKEJGU 2TCEJVGZGORNCT &GT (TKGFG XQP 4KLUYKLM XQO 5GRVGODGT DGGPFGVG FGP 2H·N\KUEJGP 'TDHQNIGMTKGI FGT ICP\ 'WTQRC KP /KVNGKFGPUEJCHV IG\QIGP JCVVG .WFYKI :+8 XQP (TCPMTGKEJ UEJNQ (TKGFGP OKV )TQDTKVCPPKGP FGP 0KGFGTNCPFGP 5RCPKGP UQYKG OKV -CKUGT WPF 4GKEJ &KG 4GKEJUUVCFV 0ÒTPDGTI FKG KJTGO (TKGFGPUYWPUEJ UEJQP Y·JTGPF FGU &TGKKIL·JTKIGP -TKGIGU FWTEJ \CJNTGKEJG 2T·IWPIGP #WUFTWEM XGTNKGJGP JCVVG HGKGTVG OKV FGO JKGT CPIGDQVGPGP RTCEJVXQNNGP 5GEJUFWMCVGPUVÒEM FGP ,CJTGUVCI FGT $GGPFKIWPI FGU -TKGIGU FGT CWEJ KP (TCPMGP IGYÒVGV XQT CNNGO CDGT ITQG 6GKNG FGU 4JGKPNCPFU XGTYÒUVGV JCVVG

1746

1745

&WMCVGP Q , WO XQP ) *CWVUEJ 2CVGPIGUEJGPM \WT 6CWHG I $GVGPFG (COKNKG WO 6CWHCNVCT QDGP UVTCJNGPFG 6CWDG 5GEJU <GKNGP 5EJTKHV \YKUEJGP \YGK 8GT\KGTWPIGP WPF KP .QTDGGT MTCP\ 5NI 'TNCPIGT 5NI )QRRGN 4 5GJT UEJÌPpXQT\ÒINKEJ

&KG <WYGKUWPI \W 0ÒTPDGTI KUV PKEJV IGUKEJGTV

&WMCV Q , WO CWH FGP )NCWDGP I e &+' (74%*6 &'5 *'440 +56 &'4 9'+5*'+6 #0(#0) /·PPNKEJG )GUVCNV MPKGV XQT 6CHGN OKV TÌOKUEJGP <CJNGP WPF GTJGDV FKG *·PFG \W GKPGO UVTCJNGPFGO )QVVGUCWIG XQT KJO NKGIGP -TQPG WPF <GRVGT &#5 )'5%*.'%*6 &'4 (41//'0 9+4& )'5')0'6 5';0 Û $CWO KP .CPFUEJCHV KO #DUEJPKVV 25 Û Û 5NI 'TNCPIGT 5NI )QRRGN 5GJT UEJÌPpXQT\ÒINKEJ &KG <WYGKUWPI \W 0ÒTPDGTI KUV PKEJV IGUKEJGTV

1747

1748

&WMCV Q , WO CWH FGP )NCWDGP I 0#%* &+'5'/ '.'0& +56 $'4'+6 'TFMWIGN OKV -TGW\GP DGUVÒEMV QDGP 9QNMGP 705 '+0 .'$'0 +0 '9+)-'+6 -TQPG KP 9QNMGPMTCP\ KO #D UEJPKVV '0&' &'5 ).#7 $'05 5NI 'TNCPIGT 5NI )QRRGN 5GJT UEJÌPpXQT\ÒINKEJ

&KG <WYGKUWPI \W 0ÒTPDGTI KUV PKEJV IGUKEJGTV

)QNFCDUEJNCI XQP FGP 5VGORGNP FGU 4GKEJUVCNGTU OKV 6KVGN -CTNU 8+ I )GMTÌPVGT 4GKEJU CFNGT OKV LG GKPGO 5VCFVYCRRGP KP FGP (·PIGP QDGP UVTCJNGPFGU &TGKGEM \W FGP 5GKVGP 58$ 8/$4# #.#48/ 68#48/ WPVGP 5VCFVCPUKEJV XQP 0ÒTPDGTI KO #DUEJPKVV /10'6# 4'+2 Û 014+/$ Û Û %#41.85 8+ Û & Û ) Û 41/ Û +/2 Û 5'/2 Û #8) Û )GJCTPKUEJVGU $TWUVDKNF -CTNU 8+ T OKV .QTDGGTMTCP\ WPF WOIGNGIVGO /CPVGN &CX \W (D -GNNPGT \W 5NI 'TNCPIGT \W 7PGFKGTVGU 7PKMWO FCU QHHGPDCT KP CNNGP 0ÒTPDGTI 5COONWPIGP HGJNV (CUUWPIUURWTGP IGYGNNV UGJT UEJÌP

1749

1750

&WMCV Q , CWH FKG .KGDG I &KG FTGK UVGJGPFGP )TC\KGP OKV KJTGP #VVTKDWVGP KO #DUEJPKVV 0 2CWN )QVVNKGD 0ÒTPDGTIGT 5VGORGNUEJPGKFGT WPF /ÒP\OGKUVGT KP 0ÒTPDGTI $CWO KP .CPFUEJCHV WO FGP UKEJ GKP 9GKPUVQEM TCPMV 5NI 'TNCPIGT #VVTCMVKXGU XQT\ÒINKEJGU 'ZGORNCT

&WMCVGP XQP 2 * /ÒNNGT CWH FKG ,CJTHGKGT FGT 4GHQTOCVKQP I 6KUEJ FCTCWH CWHIG UEJNCIGPGU $WEJ WPF 5GPMDNGK 0GWP <GKNGP 5EJTKHV KP .QTDGGTMTCP\ (QTUVGT (D 5NI 'TNCPIGT 5NI 9JKVKPI 44 9KP\ -TCV\GT XQT\ÒINKEJ

1751

1752

1751

&WMCVGP Q , ,CJTJWPFGTV CWH FGP (NGK I 4·WEJGTIGH· OKV HNCOOGPFGP *GT\GP $KG PGPMQTD OKV UEJY·TOGPFGP $KGPGP 5NI 'TNCPIGT FQTV KO )GYKEJV \W &WMCV 4 -N 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

)QNFOCTM I (GKPIQNF 2T·IWPI FGU 0ÒTPDGTIGT )QNFUEJOKGFU ,QUGH 9KNF 9GTVCPICDG 5VCFVCPUKEJV (KUEJGT 5EJN 9 44 (CUV 5VGORGNINCP\ ,QUGH 9KNF YWTFG CO /·T\ KP 0ÒTPDGTI IGDQTGP 0CEJ FGP .GJT WPF )GUGNNGPLCJTGP ÒDVG GT UGKP -WPUV JCPFYGTM UGKV CNU )QNFUEJOKGFGOGKUVGT WPF UGNDUV·PFKIGT ,WYGNKGT KP GKPGO IGOKGVGVGP .CFGP KP 0ÒTPDGTI CWU 9·JTGPF FGT +PHNCVKQPU\GKV PCEJ FGO 9GNVMTKGI CNU FGT *ÌJGRWPMV FGT )GNFGPVYGTVWPI KO ,CJTG GTTGKEJV YCT DGICPP 9KNF OKVVGNU GKPGT GTYQTDGPGP 2T·IGOCUEJKPG /ÒP\GP JGT\WUVGNNGP CWH FGPGP FGT 9GTV KP )QNFOCTM D\Y &WMCVGP CPIGIGDGP YCT YQDGK GT GKPGO &WMCVGP \GJP )QNFOCTM INGKEJUGV\VG 9KNF YQNNVG UQ FGO FGWVUEJGP 8QNM FWTEJ UGKPG )QNFOCTMRT·IWPIGP CPUVGNNG FGT YGTVNQUGP )GNFUEJGKPG FKG CWH /KNNKQPGP /KNNKCTFGP WPF $KNNKQPGP NCWVGVGP YKGFGT GKPGP UKEJGTGP 9GTVOGUUGT IGDGP WPF FGP XGT\YGKHGNPFGP /GPUEJGP \GKIGP YCU ÒDGTJCWRV GKPG )QNFOCTM KUV PCEJ FGT +PFWUVTKG WPF *CPFYGTM *CPFGN WPF )GYGTDG +ORQTVGWTG WPF 'ZRQTVGWTG TGEJPGVGP &KG JGTIGUVGNNVGP /ÒP\GP YWTFGP LGFQEJ UQHQTV YGIGP FGU IGUGV\NKEJGP )GNFCWUICDGOQPQRQNU FGT 4GKEJUDCPM WPVGTUCIV #NU 9KNF LGFQEJ DGICPP 4GKEJUIQNFOÒP\GP JGT\WUVGNNGP DGIKPI GT FCOKV FCU 8GTDTGEJGP FGT (CNUEJOÒP\GTGK 'T MCO KP *CHV WPF YWTFG UR·VGT YGIGP GKPGT UEJYGTGP 'TMTCPMWPI KP FCU UV·FVKUEJG -TCPMGPJCWU 0ÒTPDGTI XGTNGIV YQ GT CO /·T\ KO #NVGT XQP ,CJTGP XGTUVCTD

1753

1,5:1

1753

1.&'0$74) )4#(5%*#(6 5'+6 *'4<1)67/ #$ )4155*'4<1)67/

#PVQP )ÒPVJGT &WMCV ,GXGT /ÒP\RGTKQFG /ÒP\OGKUVGT &CXKF <KGIGPJQTP

I $TWUVDKNF T OKV 5RKV\GPMTCIGP )GMTÌPVGU XKGTHGNFKIGU 9CRRGP 1NFGPDWTI &GNOGPJQTUV OKV FGO /KVVGNUEJKNF XQP ,GXGT \W FGP 5GKVGP 2CNO\YGKIG WOJGT FGT 9CJNURTWEJ #7:+.+7/ /'7/ # &1/+01 $GPFKI (D -CNXGNCIG 6TKRRNGT 44 /KP IGYGNNV UGJT UEJÌP )TCH #PVQP )ÒPVJGT YWTFG UEJQP KO #NVGT XQP ,CJTGP 0CEJHQNIGT FGU )TCHGP ,QJCPP 8++ +P LWPIGP ,CJTGP TGKUVG GT XKGN YCU GKPG IWVG 8QTDGTGKVWPI CWH UGKP #OV CNU 4GIGPV FGT TGNCVKX MNGKPGP )TCHUEJCHV YCT +O -TKGI WPVGTJKGNV GT GKP ITQGU 5ÌNFPGTJGGT &CU TGKEJVG LGFQEJ PKEJV CWU WO FKG CWUTÒEMGPFGP #TOGGP GTHQNITGKEJ CD\W UEJTGEMGP )GUEJKEMV LQPINKGTGPF NKG GT UKEJ CDGT XQP FGP XGTUEJKGFGPGP *GGTGP 5EJWV\DTKGHG CWUUVGNNGP FKG FGP HTKGFNKEJGP %JCTCMVGT UGKPGT 2QNKVKM DGMWPFGP UQNNVGP &CTNGJPUCPIGDQVG $GUVGEJWPIUIGNFGT 4GKVRHGTFG WPF 2QMCNG URKGNVGP DGK FGT 'TNCPIWPI FKGUGT 5EJWV\DTKGHG GKPG ITQG 4QNNG )GH·JTNKEJG $GFTQJWPIGP YKG \ $ FCU 8QTFTKPIGP FGU VQNNGP %JTKUVKCP XQP $TCWPUEJYGKI UQYKG FGU )TCHGP /CPUHGNF MQPPVG GT IGUEJKEMV CDYGPFGP #NU 6KNN[ KO 5GRVGODGT OKV /CPP CP FGT 5ÒFITGP\G FGT 5VCFV 1NFGPDWTI UGKP .CIGT CWHUEJNWI IGNCPI GU FGO )TCHGP FWTEJ CWUFCWGTPFGU 8GTJCPFGNP FCU *GGT PCEJ FTGK 9QEJGP \WO #D\WI \W DGYGIGP #WEJ CO 'PFG FGU &TGKKIL·J TKIGP -TKGIGU MCO 1NFGPDWTI INKORHNKEJ FCXQP #PVQP )ÒPVJGT GTUEJKGP OCPEJGP CNU -TKGIUIGYKPPNGT 'T UVCTD KO #NVGT XQP ,CJTGP CWH UGKPGO ,CIFUEJNQ KP 4CUVGFG 8QP KJO YWTFG IGUCIV 7O CNU ITQGT -ÌPKI \W IN·P\GP HGJNVG KJO PKEJVU CNU GKP -ÌPKITGKEJ

1754

(TKGFTKEJ #WIWUV $KUEJQH XQP .ÒDGEM 2KUVQNG 6CNGT #NVQPC I )GJCTPKUEJVGU $TWUVDKNF N FCTWPVGT 5KIPCVWT $ ,QJCPP 'RJTCKO $CWGTV 5VGORGNUEJPGKFGT KP -QRGPJC IGP 8KGTHGNFKIGU 9CRRGP OKV FGO /KVVGNUEJKNF FGU $KUVWOU .ÒDGEM CWH IGMTÌPVGO 9CR RGPOCPVGN (D -CNXGNCIG 6TKRRNGT 44 8QT\ÒINKEJ 1NFGPDWTI UKGJG CWEJ 0TP

1755

2(#.< -74(ª456'067/

1756

1757

2(#.<

4WRTGEJV + )QNFIWNFGP Q , *GKFGNDGTI I 8KGTIGVGKNVGT 5EJKNF 2HCN\ $C[GTP KP #EJVRC 5V ,QJCPPGU UVGJV X X OKV CWUIGUVTGEMVGT 4GEJVGP KO NKPMGP #TO -TGW\UVCD N PGDGP UGKPGO -QRH &QRRGNCFNGT (GNMG (D C FQTV HCNUEJG #DDKNFWPI FGT 9CRRGPUGKVG #NHTGF 0QUU &KG RHCN\IT·HNKEJGP 4WRTGEJVUIQNFIWNFGP KP /KVVGKNWPIGP FGT $C[GTKUEJGP 0WOKUOCVK UEJGP )GUGNNUEJCHV /$0) :: 0T 5NI /GOOGUJ XCT 5NI 0QUU 8QT\ÒINKEJGU 'ZGORNCT

)QNFIWNFGP Q , $CEJCTCEJ I 8KGTIGVGKNVGT 5EJKNF 2HCN\ $C[GTP KP #EJVRC 5V ,QJCPPGU UVGJV X X OKV CWUIGUVTGEMVGT 4GEJVGP KO NKPMGP #TO -TGW\UVCD N PGDGP UGKPGO -QRH &QR RGNCFNGT (GNMG FKGUGU 'ZGORNCT (D C HCNUEJG #DDKNFWPI FGT 9CRRGPUGKVG #NHTGF 0QUU &KG RHCN\IT·HNKEJGP 4WRTGEJVUIQNFIWNFGP KP /KVVGKNWPIGP FGT $C[GTKUEJGP 0WOKUOCVKUEJGP )GUGNNUEJCHV

/$0) :: 0T XCT 5NI /GOOGUJ 5NI 0QUU 5GJT UEJÌP

)QNFIWNFGP Q , 0GWUVCFV I <YGKIGVGKNVGT 5EJKNF 2HCN\ /CKP\ KP #EJVRC 5V ,QJCPPGU UVGJV X X OKV CWUIGUVTGEMVGT 4GEJVGP KO NKPMGP #TO -TGW\UVCD N PGDGP UGKPGO -QRH 9GEMGP UEJKNF (GNMG FKGUGU 'ZGORNCT (D #NHTGF 0QUU &KG RHCN\IT·HNKEJGP 4WRTGEJVUIQNFIWNFGP KP /KVVGKNWPIGP FGT $C[GTKUEJGP 0WOKUOCVKUEJGP )GUGNNUEJCHV /$0) :: 0T 5NI /GO OGUJ 5NI 0QUU 44 5GJT UEJÌPpXQT\ÒINKEJ

1758 1,5:1

4WRTGEJV +++ )QNFIWNFGP Q , IGRT·IV PCEJ FGO ,WPK *GKFGNDGTI I #FNGT FCTWPVGT KP FGT 7OUEJTKHV FKG CPGKPCPFGTIGNGJPVGP 9CRRGPUEJKNFG XQP FGT 2HCN\ WPF XQP $C[GTP 5V ,QJCPPGU UVGJV X X OKV UGIPGPFGT 4GEJVGP KO NKPMGP #TO -TGW\UVCD N PGDGP UGKPGO -QRH &QRRGNCFNGT (GNMG FKGUGU 'ZGORNCT (D #NHTGF 0QUU &KG RHCN\IT·HNKEJGP 4WRTGEJVUIQNF IWNFGP KP /KVVGKNWPIGP FGT $C[GTKUEJGP 0WOKUOCVKUEJGP )GUGNNUEJCHV /$0) :: 0T XCT 5NI /GOOGUJ FKGUGU 'ZGORNCT 5NI 0QUU FKGUGU 'ZGORNCT 8QP CNNGTITÌVGT 5GNVGPJGKV 9KP\ 5EJTÌVNKPIUTK UGJT UEJÌP

1,5:1

1759 1,5:1

-CTN 6JGQFQT &WMCV /CPPJGKO I 4JGKPIQNF (D *CCU 5NI /GOOGUJ 2TCEJVGZGORNCT 8QT\ÒINKEJp5VGORGNINCP\ 'ZGORNCT FGT 5COONWPI 8KTIKN / $TCPF 6GKN #WMVKQP .GW <ÒTKEJ 0T

1760

4')'05$74)

56#&6

&WMCVGP Q , OKV 6KVGN XQP (TCP\ + I &1/+01 (+&7%+# 01564#Ü 5VTCJNGPFGT )QVVGU PCOG ÒDGT 5VCFVCPUKEJV KO #DUEJPKVV 4#6+5$10# ÒDGT #TCDGUMG (4#0%+5%75 + Û & Û ) Û 41/ Û +/2 Û 5'/2 Û #8) Û )GJCTPKUEJVGU $TWUVDKNF XQP (TCP\ + T OKV .QTDGGTMTCP\ WPF WOIGNGIVGO /CPVGN CO #TOCDUEJPKVV + Û . Û 1':.'+0 ,QJCPP .GQPJCTF 1GZNGKP 5VGORGNUEJPGKFGT KP 4GIGPUDWTI WPF 0ÒTPDGTI $GEMGPD 8+ (D 44 /KP IGYGNNV UGJT UEJÌPpXQT\ÒINKEJ

1,5:1

1761

&WMCV Q , OKV 6KVGN ,QUGHU ++ I $GEMGPD (D &WMCV Q , I $GEMGPD (D XIN

1762

1,5:1

.GKEJV IGYGNNV XQT\ÒINKEJ (CUV 5VGORGNINCP\

1763

)QNFOGFCKNNG \W &WMCVGP YCJTUEJGKPNKEJ XQP * )GDJCTF CWH FGP 4GKEJUVCI KP 4GIGPUDWTI $TWUVDKNF (GTFKPCPFU +++ T OKV .QTDGGTMTCP\ \W FGP 5GKVGP (ÒNNJÌTPGT QDGP -TQPG WPVGP FCU 5VCFVYCRRGP XQP 4GIGPUDWTI IGMTGW\VG 5EJNÒUUGN \W FGP 5GKVGP FGU 5EJKNFGU /ÒP\\GKEJGP *) $4 (ÒPH <GKNGP 5EJTKHV KP <YGKIGP QDGP IGMTÌPVGT &QRRGNCFNGT WOJGT FKG 9CRRGP FGT UKGDGP -WTHÒTUVGP OO I /QPPCKGU GP QT 6H 2NCVQ 5NI /QPVGPWQXQ XIN FQTV KP 5KNDGT 44 8QT\ÒINKEJ /KV FGO 2TCIGT (TKGFGP XQP YCT FGT *ÌJGRWPMV FGT MCKUGTNKEJGP /CEJV Y·JTGPF FGU L·JTKIGP -TKGIGU GT TGKEJV #WH FGO 4GKEJUVCI XQP KP 4GIGPUDWTI IGNCPI GU FGP (ÒTUVGP WPF 5V·FVGP PKEJV FCU MCKUGTNKEJG *GGT KP GKP UV·PFKUEJGU WO\WYCPFGNP 7PVGT FGP 4GKEJUUV·PFGP DGUVCPF FCIGIGP FCU 'KPXGTPGJOGP CWEJ GKPGP (TKGFGP OKV FGP CWUY·TVKIGP /·EJVGP \W GTTGKEJGP &CU HÒJTVG \W FGP CD KP /ÒPUVGT WPF 1UPCDTÒEM IGHÒJTVGP 8GTJCPFNWPIGP FKG UEJNKGNKEJ KP FGP 9GUVH·NKUEJGP (TKGFGP OÒPFGVGP &CU CWH FGT 8QTFGTUGKVG FGT XQTNKGIGPFGP /GFCKNNG CPIGIGDGPG /ÒP\\GKEJGP *) MÌPPVG HÒT *CPU )GDJCTF UVGJGP FGT HÒT XGTUEJKGFGPG #WHVTCIIGDGT IGCTDGKVGV JCV 9GT UKEJ JKPVGT FGT #DMÒT\WPI $4 XGTDKTIV KUV WPDGMCPPV

1,5:1

1764

&WMCV OKV 6KVGN -CTNU 8+ I $GEMGPD #PO (D

1,5:1

44 8QT\ÒINKEJ

1765

416*'0$74) 1$ &'4 6#7$'4

56#&6

&WMCVGP 0ÒTPDGTI CWH FKG ,CJTHGKGT FGT 4GHQTOCVKQP I 5VCFVDWTI ÒDGT /CWGT $TWUVDKNF /CTVKP .WVJGTU T OKV $WEJ (D 5NI 'TNCPIGT 5NI 9JKVKPI 44 9KP\ 2TQDKGTURWTGP CO 4CPF XQT\ÒINKEJ

1766

5#%*5'0 &KG /CTMITCHGP XQP /GKGP CD .CPFITCHGP XQP 6JÒTKPIGP CD -WTHÒTUVGP XQP 5CEJUGP &KG 6GKNWPI KP #NDGTVKPKUEJG WPF 'TPGUVKPKUEJG .KPKG GTHQNIVG &KG #NDGTVKPGT YCTGP CD KO $GUKV\ FGT -WTYÒTFG 5#%*5'0 -74(ª456'067/

,QJCPP )GQTI + )QNFIWNFGP &TGUFGP I )GJCTPKUEJVGU *ÒHVDKNF T OKV FGT 4GEJVGP FCU 5EJYGTV UEJWNVGTPF OKV FGT .KPMGP *GNO XQT UKEJ JCNVGPF 8KGTHGNFKIGU 9CRRGP OKV /KVVGNUEJKNF (D 5NI /GTUGD 44 5GJT UEJÌPpXQT\ÒINKEJ

1767

1769

1770

&WMCV &TGUFGP CWH FCU 8KMCTKCV I (D 5NI /GTUGD /KP IGYGNNV UGJT UEJÌPpXQT\ÒINKEJ

&WMCV &TGUFGP CWH FCU 8KMCTKCV I (D 5NI /GTUGD (CUUWPIUURWTGP NGKEJV IGYGNNV UGJT UEJÌP

&WMCV &TGUFGP I (D 5NI /GTUGD

,QJCPP )GQTI +8 &WMCV &TGUFGP I )GJCTPKUEJVGU $TWUVDKNF T OKV FGT 4GEJVGP FCU 5EJYGTV UEJWNVGTPF /KV FGO (ÒTUVGPJWV DGFGEMVGU XKGTHGNFKIGU 9CRRGP OKV /KVVGNUEJKNF (D 5NI /GTUGD 8QP ITÌVGT 5GNVGPJGKV 5GJT UEJÌP

1771

8QT\ÒINKEJGU 'ZGORNCT

1772

(TKGFTKEJ #WIWUV ++ &WMCV &TGUFGP CWH FCU 8KMCTKCV I (D 5NI /GT UGD 8QT\ÒINKEJ

&WMCV &TGUFGP CWH FCU 8KMCTKCV I (D 5NI /GTUGD 9KP\ 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

1773

5#%*5'0 -¤0+)4'+%*

(TKGFTKEJ #WIWUV + )QNFOGFCKNNG XQP . /CPHTGFKPK CWH FKG 5EJNCEJV DGK ,GPC $ÒUVG 0CRQNGQPU + T OKV .QTDGGTMTCP\ ,WRKVGT OKV $NKV\ KP FGT GTJQDGPGP 4GEJVGP UKV\V CWH FGO HTCP\ÌUKUEJGP #FNGT OO I 5NI /GTUGD FQTV KP $TQP\G +P )QNF ·WGTUV UGNVGP $GCTDGKVWPIUURWTGP CO 4CPF MN -TCV\GT XQT\ÒINKEJ

1774

1775

1774

6CNGT &QRRGNVGT #WIWUV F QT 5)* I &KXQ 5 (D 5EJN $GTKGDGP UGJT UEJÌP

&WMCV +)5 I &KXQ 5 (D 5EJN

8QT\ÒINKEJ

1778 1777

1776

&WMCV +)5 I &KXQ 5 (D 5EJN 0WT 'ZGORNCTG IGRT·IV /KP IGYGNNV YKP\ 2TQDKGTURWT CO 4CPF XQT\ÒINKEJ

#PVQP &WMCV 5 I &KXQ 5 (D 5EJN 0WT 'ZGORNCTG IGRT·IV 9KP\ 4CPFHGJNGT XQT\ÒINKEJ

,QJCPP -TQPG ( I -QRH N 9GTV WPF ,CJTGU\CJN KP 'KEJGPNCWDMTCP\ &KXQ 5 (D 5EJN 4 0WT 'ZGORNCTG IGRT·IV 8QT\ÒINKEJp5VGORGNINCP\

1779

(TKGFTKEJ #WIWUV +++ )QNFGPG 8GTFKGPUVOGFCKNNG Q , ITCXKGTV XQP # 5EJCTHH XGTNKGJGP XQP FGT 5VCFV &TGUFGP 5VCFVCPUKEJV ÒDGT -CTVWUEJG OKV XKGT <GKNGP 5EJTKHV FCTWPVGT )GPKWU OKV 'KEJGP\YGKIGP &KG 5VCFVIÌVVKP UVGJV X X FKG 4GEJVG CWH 9CRRGPUEJKNF IGNGIV JKPVGT KJT UEJYGDV 2CZ OKV .QTDGGTMTCP\ WPF 2CNO\YGKI KO *KPVGTITWPF )GD·WFG /KV 4CPFITCXWT *1(4#6 1661 &+'6< &4'5&'0 OO I 44 8QT\ÒINKEJ

1780

1781

1783

1782

5#%*5'0 #.6'0$74) *'4<1)67/

(TKGFTKEJ 9KNJGNO ++ &WMCV %QDWTI I (D )TCUUGT -GTPDCEJ ) 5GJT UEJÌP

5%*.'5+'0

.+')0+6< $4+') *'4<1)67/

)GQTI +++ .WFYKI WPF %JTKUVKCP &WMCV $TKGI I (D ( W 5 4 8QT\ÒINKEJ

&WMCV $TKGI I /KV QXCNGO 9CRRGPUEJKNF (D ( W 5

5GJT UEJÌP

5%*.'59+) *1.56'+0

+05'. ('*/#40 )QNFOGFCKNNG XQP 1 )NÌEMNGT CWH FGP 7PVGTICPI FGU 5GIGNUEJWNUEJKHHGU 0KQDG XQT (GJOCTP &KG 0KQDG KO /GGT -TGW\ ÒDGT /GGT /KV 4CPFRWP\G 24'755 56##65/7'0<' )1.& -#4 OO I 8QT\ÒINKEJ

1784

1785

1,5:1

5%*9 $+5%* *#..

56#&6

&WMCV CWH FGP (TKGFGP XQP $CFGP I (D 2CZ KP 0WOOKU FQTV KP 5KNDGT 4CHH 8QT\ÒINKEJ

&WMCV OKV 6KVGN ,QUGRJU ++ I (D 4CHH

1786

2TCEJVGZGORNCT (CUV 5VGORGNINCP\

1787

561.$'4) 561.$'4) 9'40+)'41&' )4#(5%*#(6

%JTKUVKCP 'TPUV &WMCV 5VQNDGTI I (D (TKGFGTKEJ 5GJT UEJÌPpXQT\ÒINKEJ

561.$'4) 561.$'4) 70& 561.$'4) 4155.# )4#(5%*#(6'0

%JTKUVQH .WFYKI ++ WPF (TKGFTKEJ $QVJQ &WMCV 5VQNDGTI I (D (TKG FGTKEJ 5GJT UEJÌPpXQT\ÒINKEJ

1788 1,5:1

1,5:1

9#.&'%- )4#(5%*#(6 5'+6 (ª456'067/

%JTKUVKCP WPF 9QNTCF +8 )QNFIWNFGP 9KNFWPIGP I 2T·IWPI CWU FGT -KR RGT\GKV %*4 Û ' Û 91.4 Û ( Û % Û + Û 9#.&'%- $GJGNOVGU 5VCFVYCRRGP OKV CEJVUVTCJNKIGO 5VGTP /10 Û 018 Û #74 Û %1 + Û 9#.& Ù << )GMTÌPVGT &QRRGNCFNGT OKV 4GKEJUCRHGN CWH FGT $TWUV (D 5NI *GPPKI 5NI -C[UGT NGKEJV XCT 8QP ITQGT 5GNVGPJGKV 5GJT UEJÌP

1789

-¤0+)4'+%*

1791

1790

9'56(#.'0

*KGTQP[OWU 0CRQNGQP (TCPMGP % /KV /ÒP\\GKEJGP #FNGTMQRH WPF OKV 4CPFKPUEJTKHV I &KXQ 5 (D 5EJN -N 5EJTÌVNKPIUHGJNGT CO 4CPF UGJT UEJÌP

(TCPMGP % /KV /ÒP\\GKEJGP #FNGTMQRH WPF OKV 4CPFKPUEJTKHV I &KXQ 5 (D 5EJN (CUV XQT\ÒINKEJ

(TCPMGP % /KV /ÒP\\GKEJGP #FNGTMQRH WPF OKV 4CPFKPUEJTKHV I &KXQ 5 (D 5EJN 5GJT UEJÌP

1792

1793

1792

6CNGT $ I &KXQ 5 (D 5EJN

(TCPMGP % /KV /ÒP\\GKEJGP #FNGTMQRH WPF OKV 4CPFKPUEJTKHV I &KXQ 5 (D 5EJN (CUV XQT\ÒINKEJ

/KP DGTKGDGP UGJT UEJÌP

1794

56#&6 100

914/5

)QNFIWNFGP I (D ,QUGRJ D J

-N 2T·IGUEJY·EJG UGJT UEJÌPpXQT\ÒINKEJ

1796

1795

9ª466'/$'4) 9ª466'/$'4) *'4<1)67/ 5'+6 -¤0+)4'+%*

-CTN #NGZCPFGT -CTQNKP 5VWVVICTV I (D -NGKP 4CHH D XCT (CUV UGJT UEJÌP

-CTQNKP 5VWVVICTV I (D -NGKP 4CHH E

1797

1798

9ª4<$74)

$+567/

(TCP\ .WFYKI XQP 'TVJCN &WMCV 9ÒT\DWTI I (D *GNOUEJTQVV 5GJT UEJÌPpXQT\ÒINKEJ XQT\ÒINKEJ

9722'46#.

56#&6

5GJT UEJÌPpXQT\ÒINKEJ

5VCFVVGKN 'NDGTHGNF )QNFCDUEJNCI XQP FGP 5VGORGNP FGT $TQVOCTMG FGU 'NDGTHGNFGT -QTPXGT GKPU HÒT GKP $TQV I $GKFGTUGKVU 5EJTKHV 5EJWNVGP C 44 0WT 5VÒEM IGRT·IV 8QT\ÒINKEJ

0CEJ FGT /KGTPVG FGU ,CJTGU WPVGTPCJOGP YGKVUKEJVKIG -CWHNGWVG KP 'NDGTHGNF GKPG #MVKQP \WT $TQVXGTDKNNK IWPI FKG UQICT GKPGP ªDGTUEJW GTYKTVUEJCHVGVG FGT FGP (QPFU HÒT GKP -TCPMGPJCWU DKNFGVG <WT 5VGWGTWPI YWTFG GKPG /CTMG KP -WRHGT $TQP\G CWUIGIGDGP HÒT FKG GJTGPCOVNKEJGP 8GTVGKNGT YWTFGP 5KNDGTCDUEJN·IG HÒT FKG 5VKHVGT )QNFCDUEJN·IG IGOCEJV

)1.&/'&#+..'0

1799

41/ :8++ 1.;/2+#&'

1.;/2+#&'

)QNFOGFCKNNG XQP 4 5KIPQTKPK CWH FKG 1N[ORKUEJGP 5RKGNG XQO #WIWUV DKU \WO 5GRVGO DGT 9ÌNHKP U·WIV 4QOWNWU WPF 4GOWU FCTWPVGT 6CHGN OKV TÌOKUEJGT ,CJTGU\CJN WPF FKG 1N[ORKUEJGP 4KPIG (CEMGNVT·IGT UVGJV X X \YKUEJGP 6TKWORJDQIGP WPF #MTQRQNKU FCTWPVGT /KV 4CPF RWP\G $#;'4 *#726/ª0<#/6 OO I )CFQWT[ 8GUEQXK (CUV 5VGORGNINCP\ 101

1800

/ª0%*'0 :: 1.;/2+#&'

)QNFOGFCKNNG WPUKIPKGTV &KG 1N[ORKUEJGP 4KPIG ÒDGT FGO 5[ODQN FGT /ÒPEJGPGT 1N[ORKCFG FC\YKUEJGP \YGK <GKNGP 5EJTKHV (ÒPH (CEMGNN·WHGT T KO #DUEJPKVV 9CRRGPUEJKNF WPF 2WP\G /KV 4CPFRWP\G $#;'4 *#726/ª0<#/6 OO I )CFQWT[ 8GUEQXK XIN (CUV 5VGORGNINCP\

1801

2'4510'0/'&#+..'0

*KVNGT #FQNH $TCWPCW Ó $GTNKP )QNFOGFCKNNG WPUKIPKGTV XQP 1 )NQGEMNGT CWH FKG 'TGKIPKUUG FGU ,CJTGU $TWUVDKNF N #FNGT OKV \GTTKUUGPGP (GUUGNP WOJGT +O ,CJTG FGWVUEJGT 5EJKEMUCNUYGPFG /KV 4CPFITCXWT $ *#726/ª0<#/6 -TGKU FCTKP 2WPMV H OO I %QND * % 8QT\ÒINKEJp5VGORGNINCP\

)QNFOGFCKNNG WPUKIPKGTV XQP 1 )NQGEMNGT CWH FKG 'TGKIPKUUG FGU ,CJTGU $TWUVDKNF N #FNGT OKV \GTTKUUGPGP (GUUGNP WOJGT +O ,CJTG FGWVUEJGT 5EJKEMUCNUYGPFG /KV 4CPFITCXWT $ *#726/ª0<#/6 -TGKU FCTKP 2WPMV H OO I %QND * % 5EJTÌVNKPIUHGJNGT CWH FGT 8QTFGTUGKVG XQT\ÒINKEJp5VGORGNINCP\

)1.&/ª0<'0.165

.165

#NNIGOGKP ¤UVGTTGKEJ &WMCVGP &WMCV QHHK\KGNNG 0CEJRT·IWPIGP FGT &WMCV KUV KP 5EJOWEMGKPHCUUWPI 5QYLGVWPKQP 4WDGN 6UEJGTYQPG\ QHHK\KGNNG 0CEJRT·IWPI (TCPMTGKEJ (TCPEU # 9 &C\W *CODWTI , /CTM 2TGWGP , /CTM # , /CTM # +PUIGUCOV I (GKPIQNF 5VÒEM 5GJT UEJÌPpXQT\ÒINKEJ

*CDUDWTIKUEJG 'TDNCPFG &WMCVGP ' &WMCV ' +VCNKGP (TCPEGUEQ /QNKP <GEEJKPQ Q , #NXKUG %QPVCPPK <GEEJKPQ Q , 7PICTP /CVVJKCU %QTXKPWU )QNFIWNFGP Q , -TGOKV\ /CFQPPC +PUIGUCOV I 5VÒEM /KV (GJNGTP UGJT UEJÌP

#WUNCPF #TIGPVKPKGP 2GUQU #TIGPVKPQ (D 'EWCFQT 5WETGU $KTOKPIJCO (D 7TWIC[ 2GUQU (D +PUIGUCOV I (GKPIQNF 5VÒEM 8QT\ÒINKEJp5VGORGNINCP\

5COONWPI XQP OQFGTPGP )QNFOÒP\GP OGKUV 7P\GP UQYKG 8KGTVGN WPF *CNDWP\GP W C XQP -CPCFC WPF 75# EC I (GKPIQNF +PVGTGUUCPVGU .QV 5VÒEM /GKUV XQT\ÒINKEJp5VGORGNINCP\ WPF RQNKGTVG 2NCVVG

&·PGOCTM -TQPGP -QRGPJCIGP (D 5EJN 0KGFGTNCPFG )WNFGP 7VTGEJV )WNFGP 7VTGEJV (D 5EJN 7PICTP -TQPGP -$ -TGOPKV\ (D 5EJN +PUIGUCOV I (GKPIQNF 5VÒEM 8QT\ÒINKEJ

102

'7412 +5%*' /ª0<'0 70& /'&#+..'0

1808

'56.#0& 2GTPCW

1809

1810

$#.6+-7/

5VCFV $TQP\GOGFCKNNG XQP 6 +YCPQHH XGTOWVNKEJ UR·VGTG 2T·IWPI FGU ,CJTJWPFGTVU CWH FKG 'TQDGTWPI XQP 2GTPCW JGWVG 2·TPW FWTEJ TWUUKUEJG 6TWRRGP )GJCTPKUEJVGU $TWUVDKNF 2GVGTU + FGU )TQGP XQP 4WNCPF T OKV .QTDGGTMTCP\ WPF WOIGNGIVGO /CPVGN 2CNNCU #VJGPG OKV 5EJYGTV UVGJV T WPF J·NV OKV FGT .KPMGP .QTDGGT\YGKI WPF 5VCFVMTQPG ÒDGT GKPGP 2QFGUV OKV FGO (GUVWPIURNCP XQP 2GTPCW OO &KCMQX 8QT\ÒINKEJ

'56.#0& 4GXCN

5VCFV $TQP\GOGFCKNNG XQP 6 +YCPQHH XGTOWVNKEJ UR·VGTG 2T·IWPI FGU ,CJTJWPFGTVU CWH FKG 'TQDGTWPI XQP 4GXCN JGWVG 6CNNKP FWTEJ FKG TWUUKUEJGP 6TWRRGP )GJCTPKUEJVGU $TWUVDKNF 2GVGTU + FGU )TQGP XQP 4WNCPF T OKV .QTDGGTMTCP\ WPF WOIGNGIVGO /CPVGN )GPKWU OKV 5VCFVMTQPG ÒDGT FGO )TWPFTK FGT 5VCFV OO &KCMQX 5GJT UEJÌPpXQT\ÒINKEJ

.'66.#0& &ÒPCOÒPFG

5VCFV $TQP\GOGFCKNNG XQP 6 +YCPQHH WPF + -QPUVCPVKPQX XGTOWVNKEJ UR·VGTG 2T·IWPI FGU ,CJTJWPFGTVU CWH FKG 'TQDGTWPI FGT (GUVWPI &ÒPCOÒPFG JGWVG &CWICXITKXC FWTEJ TWUUKUEJG 6TWR RGP )GJCTPKUEJVGU $TWUVDKNF 2GVGTU + FGU )TQGP XQP 4WNCPF T OKV .QTDGGTMTCP\ WPF WOIGNGIVGO /CPVGN )TWPFTK FGT (GUVWPI FCXQT NCIGTV FGT (NWIQVV &ÒPC OO &KCMQX 8QT\ÒINKEJ

1811

.'66.#0& 4KIC

5VCFV 5KNDGTOGFCKNNG XQP ( 9 .QQU CWH FGP 6QF FGU -CWHOCPPU / 9 XQP (KUEJGT KP 4KIC $TWUVDKNF XQP (KUEJGTU N OKV WOIGNGIVGO /CPVGN &CU )GD·WFG FGU XQP KJO IGUVKHVGVGP +PUVKVWVU OO I * %\ 5QOOGT # -N 4CPFHGJNGT UGJT UEJÌP

103

ex 1812

1813 1:1,5

.+6#7'0

5KIKUOWPF #WIWUV XQP 2QNGP .QV )TQUEJGP #NNG HÒT .KVCWGP 5VÒEM 8QT\ÒINKEJ WPF 5VGORGNINCP\

2CRKGTIGNF 1UVNCPF 5RKPPUVQHHYCTGP 2WPMVYGTVUEJGKP 2WPMVG Q & DKU #NGMUCPFTCU -WDKNCU 9QTNF 9CT ++ 4WUUKCP )GTOCP 1EEWRCVKQPU KP .KVJWCPKC 8KNPKWU 0T ++

1814 1815

$4#$#06

$'.)+'0

2JKNKRR FGT 5EJÌPG 2CVCTFU #PVYGTRGP FG /G[ X ) * 5GJT UEJÌP

#NDGTV WPF +UCDGNNC 2CVCIQP Q , $TÒUUGN &CX &GNO &QRRGNUEJNCI UGJT UEJÌP

1816

$4ª55'.

104

5VCFV 6TCIDCTG UKNDGTPG )WOGFCKNNG XQP , ,QPIJGNKPEM CWH FGP (TKGFGPUXGTVTCI XQP $TÒUUGN ,WUVKVKC OKV 5EJYGTV WPF 9CCIG VJTQPV X X N 2CZ FKG OKV GKPGT (CEMGN CO $QFGP NKGIGPFG 9CHHGP XGTDTGPPV T #DWPFCPVKC OKV (ÒNNJQTP .KDGTVCU UVGJV X X OKV 5EJYGTV 2CNO\YGKI WPF IGDTQEJGPGP -GVVGP OKV FGT 4GEJVGP J·NV UKG GKPG (TGKJGKVUOÒV\G ÒDGT GKP IGMTÌPVGU *GT\ FCTWPVGT \YGK KPGKPCPFGT ITGKHGPFG *·PFG WPVGP N UKV\V FGT PKGFGTN·PFKUEJG .ÌYG OO I X .QQP + 5 2CZ KP 0WOOKU 5GJT UEJÌPG #TDGKV

1817

1818

(.#0&'40

.WFYKI XQP /CNG &QRRGNVGT 5KNDGTITQUEJGP Q , I $QWFGCW )CKNNCTF (CUV XQT\ÒINKEJ

.ª66+%*

'TPUV XQP $C[GTP &QWDNG 6GUVQP FG $QWKNNQP FG 2CVCTFU &GNO 4 4 5GJT UEJÌP

1820

1819

5GFKUXCMCP\ 'EW CW 5V .CODGTV &CX &GNO 44 (GKPG 2CVKPC OKP LWUVKGTV XQT\ÒINKEJ

5GFKUXCMCP\ 'UECNKP /KIPQNGV <GRGTPKEM

4 8QT\ÒINKEJ

5GFKUXCMCP\ 'UECNKP /KIPQNGV <GRGTPKEM 0WT 'ZGORNCTG IGRT·IV 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC HCUV 5VGORGNINCP\

5VCFV 5KNDGTOGFCKNNG WPUKIPKGTV XQP 6 XCP $GTEMGN CWH FCU ,WDGNHGUV FGU JGKNKIGP 4WOQNF 2CVTQP FGT 5VCFV /GEJGNP $TWUVDKNF FGU *GKNKIGP T &KG 5VCFVIÌVVKP OKV 5VCFVUEJKNF J·NV -TGW\ 2CNO \YGKI WPF GKP 9GKJTCWEJIGH· OO I -GPKU 8QT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 2CVKPC

1821

1822

/'%*'.0

1823

1824

61740#+

2JKNKRR ++ XQP 5RCPKGP 'EW 2JKNKRRG &CX &GNO

(CUV UGJT UEJÌP

8QT\ÒINKEJ

-¤0+)4'+%* $'.)+'0

.GQRQNF ++ (TCPEU &CX /QTKP /

.16 $TCDCPV #NDGTV WPF +UCDGNNC 2CVCIQP &GNO 2JKNKRR +8 2CVCIQP &GNO &C\W )GNFGTP 5KNDGTFWMCV &GNO 5VÒEM 4 *GTTNKEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

105

1826 1827

-¤0+)4'+%*

1827

& 0'/#4-

5XGPF 'UVTKFUGP 2HGPPKI .WPF I %JTKUVWU VJTQPV X X OKV $KDGN &QRRGNHCFGP MTGW\ *CWDGTI 5GJT UEJÌP

5XGPF 'UVTKFUGP YCT FGT 5QJP XQP 7NH ,CTN WPF 'UVTKF FGT 5EJYGUVGT -ÌPKI -PWFU FGU )TQGP 0CEJ FGO 6QF XQP /CIPWU FGO )WVGP KO ,CJTG YWTFG GT -ÌPKI XQP &·PGOCTM 5XGPF 'UVTKFUGP GTTKEJVGVG FTGK PGWG $KUVÒOGT DGUGV\VG GKPGU WPF GTPCPPVG FKG $KUEJÌHG FGT PWPOGJT CEJV F·PKUEJGP $KUVÒOGT UGNDUV 9KG GU UR·VGT FGT FGWVUEJG -CKUGT *GKPTKEJ +8 XGTIGDNKEJ XGTUWEJVG UKEJGTVG 'UVTKFUGP CWH FKGUG 9GKUG UGKPGP 'KPHNW ÒDGT FKG -KTEJG &GT 2HGPPKIV[R *CWDGTI KUV FWTEJ UGKPG 8CTKCPVGPXKGNHCNV UGJT KPVGTGUUCPV

(TGFGTKM ++ /CTM -QRGPJCIGP *GFG $

1828 (doppelt)

1829

-N 2T·IGUEJY·EJG UGJT UEJÌP

1830

%JTKUVKCP +8 5RGEKGUVCNGT -QRGPJCIGP I )GJCTPKUEJVGU $TWUVDKNF T OKV -TQPG WOIGNGIVGT (GNFDKPFG WPF 5RKV\GPMTCIGP 9CRRGPUEJKNF CWH .CPIMTGW\ WOJGT YGKVGTG 9CRRGPUEJKNFG QDGP -TQPG &CX *GFG # 44 5GJT UEJÌP

(TGFGTKM +++ 5RGEKGUVCNGT Q , -QRGPJCIGP I )GJCTPKUEJVGU $TWUVDKNF T OKV .QTDGGTMTCP\ WOIGNGIVGO /CPVGN WPF WOIGJ·PIVGO 'NGHCPVGPQTFGP -TGW\ FCTCWH -TQPG ÒDGT FTGK 9CRRGP WOJGT -TGKU CWU MNGKPGP 9CRRGP WPVGP \W FGP 5GKVGP FGU -TGW\GU /ÒP\OGKUVGT\GKEJGP ) - )QVHTGF -TÒIGT /ÒP\OGKUVGT KP -QRGPJCIGP /KV 6KVGN 1NFGPDWTI WPF &GNOGPJQTUV KP FGT 4ÒEMUGKVGPWOUEJTKHV &CX *GFG 8QP ITQGT 5GNVGPJGKV 8QT\ÒINKEJ

%JTKUVKCP 8 5KNDGTOGFCKNNG XQP %JT 5EJPGKFGT CWH UGKPG 5KGIG KP FGP ,CJTGP 1DGNKUM WOJGT M·ORHGPFG +PHCPVGTKG KO *KPVGTITWPF -TKGIUUEJKHHG KO /GGT 5QPPG OKV )GUKEJV KP FGP 5VTCJNGP DGHKPFGP UKEJ FKG 1TVUPCOGP UGKPGT 5KGIG OO I )CNUVGT -N 4CPFHGJNGT XQT\ÒINKEJ

106

1832

1831

1833

%JTKUVKCP 8++ -W 2TQDG GKPGU 5RGEKGUVCNGTU Q , -QRH T )GMTÌPVGU 9CRRGP OO I *GFG 8QP ITQGT 5GNVGPJGKV 2TCEJVGZGORNCT XQP RQNKGTVGP 5VGORGNP HCUV 5VGORGNINCP\

(TGFGTKM 8++ 5RGEKGUFCNGT -QRGPJCIGP CWH FGP 6QF %JTKUVKCPU 8+++ WPF FGP 4GIKGTWPIUCPVTKVV (TGFGTKMU 8++ &CX *GFG (GKPG 2CVKPC XQT\ÒINKEJ

4KIUFCNGT #NVQPC &CX *GFG $ 2TCEJVGZGORNCT (GKPG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

.16 /CTM -QRGPJCIGP /CTM )NÒEMUVCFV 5RGEKGUFCNGT -QRGPJCIGP CWH FGP 6QF %JTKUVKCPU 8+++ WPF FGP 4GIKGTWPIUCPVTKVV (TGFGTKMU 8++ &CX 4KIUFCNGT -QRGPJC IGP CWH FGP 6QF (TGFGTKMU 8++ WPF FGP 4GIKGTWPIUCPVTKVV %JTKUVKCPU +: &CX &C\W 0QTYGIGP /CTM %JTKUVKCPKC 5VÒEM (WPFDGNCI Z UGJT UEJÌP

1835

(+00.#0&

#NGZCPFGT ++ XQP 4WNCPF $TQP\GOGFCKNNG XQP . #JNDQTP CWH FKG -QPXGPVKQP KP $QTIC 2QTXQQ -QRH T (ÒPH <GKNGP 5EJTKHV KP -TCP\ OO /KP .CEMTGUVG XQT\ÒINKEJ

&KGUGT -QPITGUU YWTFG KO ,WPK FWTEJ <CT #NGZCPFGT ++ KP *GNUKPMK GTÌHHPGV

.16 #NGZCPFGT ++ XQP 4WNCPF /CTMMCC /CTMMCC 2GPPK· 2GPPK· -W 2GPPK· -W 2GPPK· #NGZ CPFGT +++ XQP 4WNCPF 2GPPK· 2GPPK· 0KMQNCWU ++ XQP 4WNCPF 2GPPK· 2GPPK· 5VÒEM /GKUV UGJT UEJÌP GKPKIG DGUUGT

107

1837

1,5:1

(4#0-4'+%* -#41.+0)'4

-CTN FGT )TQG &GPCT #TNGU I %#4.854':Û(4 -CTQNWUOQPQITCOO #4Û 'Û.#61 -TGW\ / ) 8QP ITÌVGT 5GNVGPJGKV #VVTCMVKXGU UGJT UEJÌPGU 'ZGORNCT

1838

1,5:1

&GPCT &QTGUVCFV I %#4.854':(4 -TGW\ KO 9KPMGN GKP 2WPMV &14'56#&1 -CTQNWUOQPQITCOO / ) XCT 44 5GJT UEJÌP

1839

1840

1841

1842

.WFYKI FGT (TQOOG &GPCT /GNNG I *.8&188+%85+/2 -TGW\ /'6# Û ..8/ Û / ) 5GJT UEJÌP

&GPCT WPDGUVKOOVG /ÒP\UV·VVG I *.8&188+%85+/2 -TGW\ OKV FTGK -WIGNP WPF GKPGO 4KPIGN KO XKGTVGP 9KPMGN :+2+56+#0#4'.+)+1 -KTEJGPIGD·WFG / ) XCT 5GJT UEJÌP

&GPCT WPDGUVKOOVG /ÒP\UV·VVG I *.8&188+%85+/2 -TGW\ OKV -WIGNP KP FGP 9KPMGNP :2+56+#0#4'.+)+1 -KTEJGPIGD·WFG / ) 5GJT UEJÌP

-CTN FGT -CJNG &GPCT %WTVKUCUUQPKGP I )4#6+#& + 4': -CTQNWUOQPQITCOO %846+5#510+'* -TGW\ / ) 5GJT UEJÌP

1843

1844

1845

&GPCT .G /CPU I )4#6+#& +4': -CTQNWUOQPQITCOO %+01/#0+5%+8+6#5 -TGW\ / ) 5EJÌP

&GPCT /GNNG I %#4.854':(4 -TGW\ /'6 8..1 -CTQNWUOQPQITCOO / ) 5GJT UEJÌP

&GPCT /GNNG I %#4.854':2 -TGW\ /'68..1 -CTQNWUOQPQITCOO / ) 5GJT UEJÌP

108

1847

1846

&GPCT /GNNG I %#4.854':2 -TGW\ /'6 8..1 -CTQNWUOQPQITCOO / ) 5GJT UEJÌP

&GPCT 6QWNQWUG I %#4.854':(4 -TGW\ 61.15#%+8+ -CTQNWUOQPQITCOO / ) .GKEJVGT &QRRGNUEJNCI UGJT UEJÌP

1849

1848

1DQN #SWKVCPKGP I %#4.854': -TGW\ #38+ 6#0+# / ) 4 -N 4CPFCWUDTWEJ UGJT UEJÌP

1DQN $NQKU I )4#6+#& +4': -CTQNWUOQPQITCOO $+ '5+#0+5%#5641 -TGW\ / ) 4 5EJÌPG 2CVKPC UGJT UEJÌP

1850

1851

1853

1852

1FQ &GPCT .KOQIGU I )4#6+#& +4' WPF 1&1 \YKUEJGP \YGK -TGW\GP .+/18+%#5%+8+5 -TGW\ / ) 5GJT UEJÌP

&GPCT 1TN¾CPU I )4#6+#& + /QPQITCOO #84'. #0+5%+8+6#5 -TGW\ / ) 44 5EJÌPG 2CVKPC UGJT UEJÌP

&GPCT 6QWTU I /+5'4+%14&+#& + /QPQITCOO *68410'5%+8+6#5 -TGW\ / ) 5GJT UEJÌPpXQT\ÒINKEJ

-CTN FGT 'KPH·NVKIG &GPCT ,CJTJWPFGTV /GNNG I 6[RG KOOQDKNKU¾ %#4.75 4':4 -TGW\ /'6 Û # .1 &GRG[TQV / ) 5EJTÌVNKPIUHGJNGT CO 4CPF UGJT UEJÌP

-CTQNKPIGT UKGJG CWEJ 0T

1854

1855

(4#0-4'+%* -¤0+)4'+%*

.QWKU 8++ &GPKGT %J³VGCW .CPFQP I $CNMGP \YKUEJGP \YGK -TWOOUV·DGP ÒDGT FGP -TWOOUV·DGP LG FTGK 2WPMVG -TGW\ KO WPF 9KPMGN LG GKP 5 &WRNGUU[ -N 4CPFHGJNGT UGJT UEJÌP

2JKNKRRG +8 NG $GN )TQU VQWTPQKU ¯ N 1 TQPF Q , I -TGW\ -KTEJG &WRNGUU[ 5GJT CVVTCMVKXGU 'ZGORNCT OKV JÒDUEJGT 2CVKPC XQT\ÒINKEJ

109

1856

1857

%JCTNGU 8+ $NCPE FKV )W¾PCT Q , 'OKUUKQP 5CKPV #PFT¾ FG 8KNNGPGWXG N½U #XKIPQP &WRNGUU[ 5GJT UEJÌP

)TQU CWZ NKU UQWU WPG EQWTQPPG Q , &WRNGUU[

1858 Piéfort

5GJT UEJÌPGU 'ZGORNCT

1859 Piéfort

%JCTNGU +: 2K¾HQTV &KEMCDUEJNCI GKPGU 6GUVQP # 2CTKU I )GJCTPKUEJVGU $TWUVDKNF N OKV .QTDGGTMTCP\ )GMTÌPVGU 9CRRGP \W FGP 5GKVGP LG GKP IGMTÌPVGU % /KV 4CPFUEJTKHV 8'4 4'.+)+10+5 #55'4614+ %KCPK &WRNGUU[ \W 5GJT UEJÌP

*GPTK +8 2K¾HQTV &KEMCDUEJNCI GKPGU (TCPEU # 2CTKU I )GJCTPKUEJVGU $TWUVDKNF T OKV .QTDGGTMTCP\ $NWOGPMTGW\ KO <GPVTWO * /KV 4CPFUEJTKHV Û 2'4'00+6#6+ Û 24+0%+2+5 Û )#..+ Û 4'56+68614+5 Û %KCPK &WRNGUU[ 44 5GJT UEJÌP

1860

.QWKU :+++ 'EW F CTIGPV # 2CTKU I )GJCTPKUEJVGU $TWUVDKNF T OKV .QTDGGT MTCP\ WPF WOIGNGIVGO /CPVGN )GMTÌPVGU 9CRRGP &CX &WRNGUU[ )CFQWT[ 8QT\ÒINKEJ

1861 Piéfort

1862

2K¾HQTV &KEMCDUEJNCI GKPGU 'EW # 2CTKU I /KV 4CPFUEJTKHV j /10'6 4'56+68614+ &WRNGUU[ \W )CFQWT[

.QWKU :+8 5CVKTKUEJGT $TGVVUVGKP CWU JGNNGO *QN\ Q , WPUKIPKGTV /GFCKNNQP OKV FGO IGJCTPKUEJVGP $TWUVDKNF XQP .QWKU :+8 N WOJGT $NWOGPTCPMGP 'KP 5EJWUVGT OKV FGP (W GKPGT &COG OO %QNN (KGYGIGT *KOOGNJGDGT 8QTFGTUGKVG 44 9KP\ 4K XQT\ÒINKEJ

110

j .8&18+%1 :+++ 44 (CUV UGJT UEJÌP

1863

1864

'EW ¯ NC O½EJG EQWTVG # 2CTKU &WRNGUU[ )CFQWT[ 8QT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 2CVKPC

5KNDGTOGFCKNNG XQP , /CWIGT CWH FKG ªDGTPCJOG FGT 4GIKGTWPI )GJCTPKUEJVGU $TWUVDKNF T OKV .QTDGGTMTCP\ &GT -ÌPKI CNU #RQNNQ OKV .QTDGGTMTCP\ .GKGT WPF 4WFGT UKV\V CWH )NQDWU CWH FGO FTGK .KNKGP \W UGJGP UKPF KO *KPVGTITWPF 5VTCJNGP WPF 9QNMGP OO I &KXQ XIN ,QPGU /¾FCKNNGU HTCP¼CKUGU $ (GKPG 2CVKPC XQT\ÒINKEJGU 2TCEJVGZGORNCT

0CEJ FGO 6QF XQP .QWKU :+++ HÒJTVG UGKPG )GOCJNKP #PPC XQP ¤UVGTTGKEJ FKG 4GIGPVUEJCHV HÒT FGP OKPFGTL·JTKIGP 5QJP +O #NVGT XQP ,CJTGP ÒDGTPCJO UEJNKGNKEJ .WFYKI :+8 FGT 5QPPGPMÌPKI FKG 4GIKGTWPI FGT OKV 0CRQNGQP \W FGP DGFGWVGPFUVGP *GTTUEJGTP FGT HTCP\ÌUKUEJGP )GUEJKEJVG \·JNGP UQNNVG

1865

1866

$TQP\GOGFCKNNG XQP , /CWIGT CWH FKG -QNQPKG /CFCICUMCT $ÒUVG T 1EJUG 5[ODQN FGT -Q NQPKG UVGJV N XQT 'DGPJQN\DCWO OO &KXQ 8QT\ÒINKEJ

5KNDGTOGFCKNNG XQP , 4QGVVKGTU CWH FKG 9KGFGTJGTUVGNNWPI FGU /KNKV·TQTFGPU XQP 5CKPV .C\CTG FG ,GTWUCNGO $ÒUVG T 1TFGPUTKVVGT TGKVGV T OKV 5EJYGTV KP FGT GTJQDGPGP 4GEJVGP KP FGT .KPMGP 5EJKNF OKV /CFQPPC OO I /¾FCKNNGU HTCP¼CKUGU XCT 8QT\ÒINKEJGU 'ZGORNCT

1867

1868

1867

'EW CWZ JWKV . - $QTFGCWZ 4¾HQTOCVKQP &WRNGUU[ # )CFQWT[ .GKEJVG (CUUWPIUURWTGP UGJT UEJÌP

'EW CWZ VTQKU EQWTQPPGU # 2CTKU &CX &WRNGUU[ )CFQWT[ 8QT\ÒINKEJGU 'ZGORNCT OKV UEJÌPGT 2CVKPC

111

1869

1871

1870

.QWKU :8 5KNDGTOGFCKNNG Q , XQP + .G $NCPE CWH FKG 6JTQPDGUVGKIWPI .WFYKIU :8 WPVGT FGT 8QTOWPFUEJCHV XQP 2JKNKRRG F 1TNGCPU $GNQTDGGTVGU LWIGPFNKEJGU $TWUVDKNF .WFYKIU :8 T )GJCTPKUEJVGU $TWUVDKNF 2JKNKRRGU F 1TNGCPU T OO I /¾FCKNNGU HTCP¼CKUGU $ XCT 8QT\ÒINKEJ

2JKNKRR ++ *GT\QI XQP 1TNGCPU ÒDGTPCJO PCEJ FGO 6QF XQP .WFYKI :+8 FKG 4GIGPVUEJCHV HÒT FGP WPOÒPFKIGP .WFYKI :8 &CU UGKPG $GHWIPKUUG UVCTM GKPUEJT·PMGPFG 6GUVCOGPV NKG GT FWTEJ FCU 2CTNCOGPV XQP 2CTKU UVTGKEJGP 'T TGIKGTVG XGTUEJYGPFGTKUEJ WPF CWUUEJYGKHGPF WPF UVÒT\VG (TCPMTGKEJ KP GKPG UEJYGTG (KPCP\MTKUG

'EW XGTVWICFKP # 2CTKU &CX &WRNGUU[ )CFQWT[ /KP LWUVKGTV XQT\ÒINKEJGU 2TCEJVGZGORNCT OKV HGKPGT 6ÌPWPI

5KNDGTOGFCKNNG XQP , &WXKXKGT CWH UGKPG 8GTO·JNWPI OKV /CTKG .GU\E\KPUMC 6QEJVGT XQP 5VC PKUNCU .GU\E\KPUM[ -ÌPKI XQP 2QNGP )GJCTPKUEJVGU $TWUVDKNF XQP .QWKU :8 T OKV .QTDGGT MTCP\ .QWKU :8 WPF /CTKG .GU\E\KPUMC TGKEJGP UKEJ KP FGT -CRGNNG (QPVCKPGDNGCW FKG *·PFG WPF YGTFGP XQO -CTFKPCN XQP 4QJCP IGUGIPGV OO I * %\ /¾FCKNNGU HTCP¼CKUGU $ XCT 8QT\ÒINKEJ

1873

1872

112

1872

5KNDGTOGFCKNNG XQP , &WXKXKGT CWH UGKPG 8GTO·JNWPI OKV /CTKG .GU\E\KPUMC 6QEJVGT XQP 5VC PKUNCU .GU\E\KPUM[ -ÌPKI XQP 2QNGP &KG $TWUVDKNFGT FGU $TCWVRCCTGU GKPCPFGT IGIGPÒDGT .QWKU :8 WPF /CTKG .GU\E\KPUMC TGKEJGP UKEJ KP FGT -CRGNNG (QPVCKPGDNGCW FKG *·PFG WPF YGTFGP XQO -CTFKPCN XQP 4QJCP IGUGIPGV OO I * %\ FQTV KP $TQP\G /¾FCKNNGU HTCP¼CKUGU 8QT\ÒINKEJ

'EW CWZ TCOGCWZ F QNKXKGT /ÒP\\GKEJGP #KZ &WRNGUU[ )CFQWT[ /KP 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

1874

1875

1876

5KNDGTOGFCKNNG XQP ( /CTVGCW WPF , 4QGVVKGTU CWH FGP (TKGFGP XQP #CEJGP $ÒUVG T OKV 5EJNGKHG 2CZ OKV ¤N\YGKI WPF (ÒNNJQTP UKV\V X X WPVGT DNWOGPXGT\KGTVGO $CNFCEJKP WOIGDGP XQP #VVTKDWVGP FGT -WPUV WPF FGT +PFWUVTKG KO *KPVGTITWPF 6TQRJ·GP OO I /¾FCKNNGU HTCP¼CKUGU $ 2CZ KP 0WOOKU 8QT\ÒINKEJ

5KNDGTOGFCKNNG XQP 2 5 $ &WXKXKGT CWH FKG 8GTO·JNWPI FGU &CWRJKPU FGO UR·VGTGP -ÌPKI .WFYKI :8+ OKV /CTKG #PVQKPGVVG 6QEJVGT /CTKC 6JGTGUKCU XQP ¤UVGTTGKEJ &KG $TWUVDKNFGT FGU $TCWVRCCTGU GKPCPFGT IGIGPÒDGT &CU $TCWVRCCT TGKEJV UKEJ ÒDGT GKPGO HNCOOGPFGP #NVCT FKG *·PFG KO *KPVGTITWPF FCU RGTUQPKHK\KGTVG (TCPMTGKEJ WPF ¤UVGTTGKEJ \YKUEJGP &QRRGNCFNGT WPF 9CRRGPUEJKNF OO I /¾FCKNNGU HTCP¼CKUGU # NGKEJV XCT 5NI /QPVGPWQXQ 8QT\ÒINKEJ

.QWKU :8+ 5KNDGTOGFCKNNG XQP 2 5 $ &WXKXKGT CWH UGKPG 9GKJG )GMTÌPVGU $TWUV DKNF T OKV WOIGNGIVGO *GTOGNKPOCPVGN -ÌPKI MPKGV XQT #NVCT WPF YKTF XQP FGT CWH 9QNMGP NKGIGPFGP 4GNKIKQ IGYGKJV T -KUUGP OKV IGMTGW\VGP <GRVGTP WPF -TQPG OO I /¾FCKNNGU HTCP¼CKUGU 8QT\ÒINKEJ

1877

5KNDGTOGFCKNNG XQP $ &WXKXKGT CWH FCU $ÒPFPKU \YKUEJGP .WFYKI :8+ WPF FGP GKFIGPÌUUKUEJGP 1TVGP DGUEJYQTGP KP 5QNQVJWTP &TCRKGTVGU $TWUVDKNF T (ÒPH <GKNGP 5EJTKHV \YKUEJGP \YGK 1NKXGP \YGKIGP OO I /¾FCKNNGU HTCP¼CKUGU 5 5EJYGK\GT /GFCKNNGP #WMVKQP .GW <ÒTKEJ 0T 4 *ÒDUEJG 2CVKPC XQT\ÒINKEJ

113

1878

1879

'EW CWZ TCOGCWZ F QNKXKGT 2CW &CX &WRNGUU[ )CFQWT[ /KP LWUVKGTV UGJT UEJÌP

1880

1881

5KNDGTOGFCKNNG XQP , 2 &TQ\ CWH FCU 5QPFGTDÒPFPKU \YKUEJGP .WFYKI :8+ WPF FGO (ÒTUVDK UEJQH XQP $CUGN (TKGFTKEJ XQP 9CPIGP &TCRKGTVGU $TWUVDKNF T 5KGDGP <GKNGP 5EJTKHV \YKUEJGP \YGK 1NKXGP\YGKIGP OO I /¾FCKNNGU HTCP¼CKUGU 5 5EJYGK\GT /GFCKNNGP #WMVKQP .GW <ÒTKEJ 0T -N 4CPFHGJNGT XQT\ÒINKEJ

'EW CWZ TCOGCWZ F QNKXKGT . $C[QPPG &CX &WRNGUU[ )CFQWT[ .GKEJV LWUVKGTV UGJT UEJÌPpXQT\ÒINKEJ

1882

1883

1884

'EW CWZ TCOGCWZ F QNKXKGT 2CW &CX &WRNGUU[ )CFQWT[ C /KP LWUVKGTV XQT\ÒINKEJp5VGORGNINCP\

'EW CWZ TCOGCWZ F QNKXKGT . $C[QPPG &CX &WRNGUU[ )CFQWT[ 8QT\ÒINKEJ 'EW EQPUVKVWVKQPPGN # 2CTKU &CX &WRNGUU[ )CFQWT[ (CUV XQT\ÒINKEJ

114

1887

1885

'EW EQPUVKVWVKQPPGN # 2CTKU &CX &WRNGUU[ )CFQWT[ 5GJT UEJÌP 'EW EQPUVKVWVKQPPGN # 2CTKU &CX &WRNGUU[ )CFQWT[ /KP LWUVKGTV UGJT UEJÌP 'EW EQPUVKVWVKQPPGN 4 1TN¾CPU &CX &WRNGUU[ )CFQWT[ 5GJT UEJÌP

ex 1888 1:2

%QPUVKVWVKQP 5COONWPI XQP #UUKIPCVGP CWUUVGNNWPIUO·KI CWH -CTVQPDÌIGP WPVGT -NCTUKEJVHQNKG WPF 2CUUGRCTVQWV DGHGUVKIV -ÌPKIUCUUKIPCV .KXTGU .KXTGU &TWEMDQIGP OKV 5EJGKPGP ± 5QWU .KXTGU

7PVGTUEJTKHVGPXCTKCPVGP .KXTGU 'TJCNVWPI 8+ .KXTGU FCXQP CWEJ GKPG \GKVIGPÌUUKUEJG (·NUEJWPI (TCPEU (TCPEU (TCPEU 2KEM # # # # # # # # # # 5EJGKPG KP -CTVQPDÌIGP ++p+8 8+ Z

#UUKIPCVGP YCTGP KP FGT HTCP\ÌUKUEJGP 4GXQNWVKQP CD CWUIGIGDGPG #PYGKUWPIGP GKP 2CRKGTIGNF FCU CPH·PINKEJ FWTEJ -KTEJGPIÒVGT UR·VGT CWEJ FWTEJ FKG MÌPKINKEJGP $GUKV\WPIGP WPF 'OKITCPVGPIÒVGT IGFGEMV YCT &KG <GKV KJTGT 8GT\KPUWPI YCT PWT UGJT MWT\ FWTEJ OGJTGTG &GMTGVG FGU ,CJTGU YWTFGP UKG HÒT WPXGT\KPUNKEJ GTMN·TV +JT -WTU UCPM KP TCUGPFGT )GUEJYKPFKIMGKV WPF UVCPF \WNGV\V CWH KJTGU WTURTÒPINKEJGP 9GTVGU 8GTUW EJG KJTGP -WTU YKGFGT CP\WJGDGP OKNCPIGP +O 0QXGODGT YWTFGP UKG IGPGTGNN HÒT YGTVNQU GTMN·TV 'KPG 'PVUEJ·FKIWPI HÒT FKG $GUKV\GT YWTFG PKEJV IGY·JTV UQ JCVVG FCU 8QNM TKGUKIG 8GTOÌIGPUXGTNWUVG JKP\WPGJOGP

1890

1889

-W &GPKGTU .KCTFU $$ 5VTCUDQWTI )CFQWT[ /C\CTF -W &GPKGTU .KCTF & .[QP )CFQWT[ /C\CTF

1892

1891

4 5GJT UEJÌP 8QT\ÒINKEJ

1892

%QPXGPVKQP .KXTGU #0 ++ # 2CTKU &CX )CFQWT[ /C\CTF /KP 4CPFHGJNGT XQT\ÒINKEJ

5QN #0 ++ & .[QP )CFQWT[ /C\CTF

8QT\ÒINKEJ

115

1893

1894

1893

-W &¾EKOGU #0 # 2CTKU 6JTQPGPFG +UKU IKGV 9CUUGT KP GKPGP $TWPPGP FCU FGT 2T·UKFGPV FGT 0CVKQPCNXGTUCOONWPI GKPGO $ÒTIGT TGKEJV 9GTV KP .QTDGGTMTCP\ /C\CTF 9KP\ (NGEM XQT\ÒINKEJ

&KTGEVQKTG -W %GPVKOGU #0 $$ 5VTCDWTI )CFQWT[ /C\CTF 8QT\ÒINKEJ

1895

1896

%QPUWNCV 5KNDGTOGFCKNNG #0 +: XQP $ #PFTKGW CWH FGP (TKGFGP XQP .WP¾XKNNG \YKUEJGP &GWVUEJNCPF WPF (TCPMTGKEJ 7PKHQTOKGTVGU $TWUVDKNF -QPUWN $QPCRCTVGU T 2CZ UVGJV N OKV ¤N\YGKI WPF (ÒNNJQTP OO I 2CZ KP 0WOOKU 5NI ,WNKWU 8QT\ÒINKEJ

(TCPEU #0 # 2CTKU &CX )CFQWT[ C /C\CTF -N 4CPFHGJNGT UGJT UEJÌP

1897

1898

5KNDGTOGFCKNNG Q , XQP , 2 &TQ\ CWH FGP (TKGFGP XQP #OKGPU \YKUEJGP (TCPMTGKEJ 'PINCPF 5RCPKGP WPF FGT DCVCXKUEJGP 4GRWDNKM $ÒUVG N 5EJYGDGPFG )ÌVVKP OKV /GTMWTUVCD .QTDGGT\YGKI WPF 9CCIG ÒDGT 'TFDCNN 1JPG 4CPFUEJTKHV OO I 2CZ KP 0WOOKU FQTV KP $TQP\G 5NI ,WNKWU 8QT\ÒINKEJ

(TCPEU #0 :+ # 2CTKU &CX )CFQWT[ /C\CTF

1899

(CUV XQT\ÒINKEJ

1900

(TCPEU #0 # 2CTKU &CX )CFQWT[ /C\CTF

0CRQN¾QP + 5KNDGTOGFCKNNG #0 :+++ XQP $ #PFTKGW WPF 4 8 ,GWHHTQ[ CWH UGKPG -TÌPWPI $ÒUVG T OKV .QTDGGTMTCP\ 'KP TÌOKUEJGT 5GPCVQT WPF GKP 5QNFCV VTCIGP 0CRQNGQP + CWH GKPGP 5EJKNF N CWHIGUEJNCIGPGU $WEJ T 2HNWIUEJCT OO I 5NI ,WNKWU 5GJT UEJÌPpXQT\ÒINKEJ

116

(CUV XQT\ÒINKEJ

1901

1902

(TCPEU #0 # 2CTKU &CX )CFQWT[ /C\CTF

5KNDGTOGFCKNNG XQP $ #PFTKGW WPF # )CNN¾ CWH FKG 5EJNCEJV DGK ,GPC $ÒUVG T OKV .QTDGGTMTCP\ 0CRQNGQP CNU ,WRKVGT CWH GKPGO #FNGT UKV\GPF UEJNGWFGTV $NKV\G CWH FKG 6KVCPGP OO I 5NI ,WNKWU (CUV XQT\ÒINKEJ

5KNDGTOGFCKNNG XQP $ #PFTKGW WPF . ,CNG[ CWH FKG 5KGIG FGU ,CJTGU $ÒUVG T OKV .QTDGGT MTCP\ 'KP #FNGT CWH $NKV\ YKTF XQP 8KMVQTKC DGMT·P\V WPVGP UVTCJNGPFGU 0 OO I 5NI ,WNKWU NGKEJV XCT 8QT\ÒINKEJ

5KNDGTOGFCKNNG XQP # , &GRCWNKU WPF 0 $TGPGV CWH FKG 5EJNCEJV DGK 9WTUEJGP $TWUVDKNF KP 7PKHQTO T FCTÒDGT \YGK \WUCOOGPIGDWPFGPG .QTDGGT\YGKIG 2[TCOKFG CWU 9CHHGP WOIGDGP XQP -TKGIUVTQRJ·GP OO I 5NI ,WNKWU 8QT\ÒINKEJ

1905

1904

1903

5GJT UEJÌPpXQT\ÒINKEJ

1906

1907

5KNDGTOGFCKNNG XQP 4 )C[TCTF CWH FGP /ÒP\DGUWEJ XQP (TCP\ + XQP ¤UVGTTGKEJ $ÒUVG XQP (TCP\ + N OKV .QTDGGTMTCP\ (ÒPH <GKNGP 5EJTKHV OO I 5NI ,WNKWU FQTV KP $TQP\G 8QT\ÒINKEJ

.QWKU :8+++ (TCPEU 2TQDG XQP 6KQNKGT I &TGK .KNKGP CWH )NQDWU WO JGT )#..+# 4'&&+6# '7412#'Ü WPVGP #24+.' Ü (4#0 1+5 + Û '/2 Û & #764+%*'Ü KP FGT /KVVG #0)' &' 2#+:Ü WPVGP 2#4+5Ü WPF 6KQNKGT /KV 4CPFUEJTKHV i &+'7 2416')' .# (4#0%' /C\CTF 4 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

(TCPEU # 2CTKU 2TQDGRT·IWPI FGU DTKVKUEJGP #FOKTCNU 2JKNKRRG F #WXGTIPG *GT\QI XQP $QWKNNQP $TWUVDKNF FGU *GT\QIU N KP 7PKHQTO )GMTÌPVGU 9CRRGP \YKUEJGP .QTDGGT\YGKIGP OO I /C\CTF 5NI ,WNKWU 8QT\ÒINKEJ

117

1908

1909

(TCPEU # 2CTKU &CX )CFQWT[ /C\CTF 2TCEJVGZGORNCT OKV HGKPGT 2CVKPC 5VGORGNINCP\

(TCPEU 2CTKU CWH FGP $GUWEJ UGKPGU $TWFGTU %JCTNGU 2JKNKRRG KP FGT 2CTKUGT /Ã&#x2019;P\G /C\CTF 8QTFGTUGKVG GVYCU DGTKGDGP XQT\Ã&#x2019;INKEJ

1910

1911

1912

(TCPEU # 2CTKU &CX )CFQWT[ /C\CTF

8QT\Ã&#x2019;INKEJ

*GPTK 8 *GT\QI XQP $QTFGCWZ 2TGVGPFGPV

Ã&#x201C; (TCPEU /C\CTF 9KP\ 4CPFHGJNGT XQT\Ã&#x2019;INKEJ

%JCTNGU : (TCPEU 2CTKU CWH FGP $GUWEJ FGU 2TKP\GP XQP 5CNGTPQ WPF FGT *GT\QIKP XQP $GTT[ KP FGT 2CTKUGT /Ã&#x2019;P\G /C\CTF 44 8QT\Ã&#x2019;INKEJ

1913

118

(TCPEU 9 .KNNG &CX )CFQWT[ /C\CTF (TCPEU /# /CTUGKNNG &CX )CFQWT[ /C\CTF

1914

(CUV XQT\Ã&#x2019;INKEJ 9KP\ -TCV\GT HCUV XQT\Ã&#x2019;INKEJ

1915

1916

.QWKU 2JKNKRRG (TCPEU 2TQDG KP 5KNDGT I 'UUCK FG NC RTGUUG OQPÂ¾VCKTG FG 6JQPPGNKGT /C\CTF C 4 44 5VGORGNINCP\

(TCPEU # 2CTKU )CFQWT[ /C\CTF

8QT\Ã&#x2019;INKEJ

ex 1917

4GRWDNKM .QV 5GTKG XQP XGTUEJKGFGPGP -WRHGTRTQDGP %QPEQWTU /QPÂ¾VCKTG

/Ã&#x2019;P\YGVVDGYGTD #NNG CNU 2KÂ¾HQTV HÃ&#x2019;T GKP %GPVKOGU 5VÃ&#x2019;EM IGRTÂ·IV 5VÃ&#x2019;EM 8QT\Ã&#x2019;INKEJ

1918

1919

0CRQNÂ¾QP +++ (TCPEU $$ 5VTCÂDWTI &CX )CFQWT[ /C\CTF 5VGORGNINCP\

(TCPEU # 2CTKU &CX )CFQWT[ /C\CTF

5VGORGNINCP\

8QT\Ã&#x2019;INKEJ 8QT\Ã&#x2019;INKEJ

1920

1921

(TCPEU $$ 5VTCÂDWTI &CX )CFQWT[ /C\CTF (TCPEU # 2CTKU )CFQWT[ /C\CTF

1920

119

1922

1923

4GRWDNKM (TCPEU # 2CTKU &CX )CFQWT[ /C\CTF 2TCEJVGZGORNCT (CUV 5VGORGNINCP\

(TCPEU # 2CTKU )CFQWT[ /C\CTF

8QT\ÒINKEJ

1924 1927

1927

$TQP\GOGFCKNNG WPUKIPKGTV CWH FKG $GNCIGTWPI XQP 2CTKU &GT $CNNQP .G 5VGGPCEMGTU KP \YGK \GKNKIGT 7OUEJTKHV &TGK <GKNGP 5EJTKHV OO $WVVQP XIN -CKUGT (CUV 5VGORGNINCP\

&KXGTUG /ÒP\GP FGU WPF ,CJTJWPFGTVU XQO -W %GPVKOG DKU \W (TCPEU FCTWPVGT DGUUGTG ,CJTI·PIG WPF GKPKIG JÒDUEJG 3WCNKV·VGP +PVGTGUUCPVGU .QV DKVVG DGUKEJVKIGP 5VÒEM 5GJT UEJÌPpHCUV 5VGORGNINCP\

.QWKU 2JKNKRRG (TCPEU $ 4QWGP # 2CTKU 9 .KNNG Z 4GRWDNKM (TCPEU # 2CTKU # 2CTKU Z # 2CTKU Z 0CRQN¾QP +++ (TCPEU # 2CTKU $$ 5VTCDWTI 4GRWDNKM (TCPEU # 2CTKU # 2CTKU # 2CTKU # 2CTKU 5VÒEM 5GJT UEJÌPpHCUV 5VGORGNINCP\

.165 (4#0-4'+%*

$17+..10 70& 5'&#0

('1&#.'5

*GPTK FG NC 6QWT F #WXGTIPG 'EW 5QWU I )GMTÌPVGU 9CRRGP #FNGT OKV 9CRRGPUEJKNF CWH FGT $TWUV &CX &GNO 2QG[ F #XCPV 5GJT UGNVGP DGUQPFGTU KP FKGUGT 'TJCNVWPI -N 2T·IGUEJY·EJG UQPUV XQT\ÒINKEJGU 'ZGORNCT &KG (COKNKG .C VQWT F #WXGTIPG IGJÌTV \W FGP YGPKIGP HGQFCNGP *·WUGTP FKG 4GUVG KJTGU $GUKV\GU GKPUEJNKGNKEJ FGU /ÒP\TGEJVU DKU KPU ,CJTJWPFGTV JCNVGP MQPPVGP 7TURTÒPINKEJ YCT UKG KP FGT #WXGTIPG KO 5ÒFGP (TCPMTGKEJU DGIÒVGTV &KGUG $GUKV\WPIGP XGTNQT FKG (COKNKG CDGT KP (QNIG FGT *WIGPQVVGPMTKGIG $QWKNNQP KUV GKP *GT\QIVWO YGUVNKEJ XQP .WZGODWTI UÒFNKEJ FCXQP NKGIV 5GFCP FCU *GPTK XQP UGKPGT (TCW %JCTNQVVG FG NC /CTM GTDVG GKPGT 0CEJHCJTKP FGT )TCHGP XQP #NVGPC UR·VGT XQP FGT /CTM &KGUG *GT\QIVÒOGT DKNFGVGP FGP JCWRVU·EJNKEJGP $GUKV\ FGU (ÒTUVGP XGTNQT FKG (COKNKG CWEJ $QWKNNQP WPF 5GFCP GTJKGNV CDGT $QWKNNQP XQP .ÒVVKEJ \WTÒEM

1929 1928

'EW 5QWU &CX &GNO 2QG[ F #XCPV \W

1928

5GJT UEJÌP

2418'0%'

120

4QDGTV F #PLQW %CTNKP Q , #XKIPQP I &GT -ÌPKI VJTQPV X X OKV <GRVGT WPF 4GKEJUCRHGN $NWOGPMTGW\ OKV .KNKGP KP FGP 9KPMGNP 2QG[ F #XCPV (GKPG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

1931

1930

'.5#55

%1./#4 56#&6

6CNGT I 9CRRGP FCTÒDGT ,CJTGU\CJN #FNGT -QRH PCEJ N IGYCPFV &CX 'PIGN .GJT 8QP ITQGT 5GNVGPJGKV (WPFGZGORNCT HCUV UGJT UEJÌP

/74$#%* 70& .ª&'45 #$6'+

,QJCPP 7NTKEJ XQP 4CKVGPCW )WNFGPVCNGT -TGW\GT 5V #OCTKP OKV 6KVGN /CZK OKNKCPU ++ I 8KGTHGNFKIGU 9CRRGP FCTÒDGT /KVTC FCJKPVGT \YGK IGMTGW\VG -TWOOUV·DG )G MTÌPVGT &QRRGNCFNGT OKV 4GKEJUCRHGN CWH FGT $TWUV FCTKP 9GTV\CJN &CX &KXQ 44 -N 4CPFHGJNGT UGJT UEJÌP

1932

1933

564#55$74) $+567/

-CTN XQP .QVJTKPIGP 6CNGT 'PIGN .GJT XIN *ÒDUEJG 2CVKPC UGJT UEJÌP

*'4<1)67/

.16*4+0)'0

#PVQP 6GUVQP 0CPE[ FG 5CWNE[ 5 XIN 6H :8 0T

5GJT UEJÌP

.GQRQNF + 'EW FG 5CWNE[ 2N :::++ *ÒDUEJG 2CVKPC OKP LWUVKGTV XQT\ÒINKEJ

&KGVTKEJ 8 XQP $QRRCTF )TQUEJGP Q , /GV\ FG 5CWNE[ 6H ++ 9GPF NKPI ++ ' Y 8QT\ÒINKEJ

1935

1934

/'6< $+567/

1936 Piéfort

(4#0<¤5+5%* +0&1%*+0#

-1.10+'0

%GPVKOGU 2K¾HQTV $TQP\G 0KEMGN 6[RG FG $CTTG I )CFQWT[ /C\CTF D (CUV 5VGORGNINCP\

.QV 2KCUVTG FG %QOOGTEG # # %GPV # %GPV # &C\W -COGTWP (TCPEU 2TQDG (TCP\ÌUKUEJ 9GUVCHTKMC %GPVKOGU 5VÒEM 5GJT UEJÌPpHCUV 5VGORGNINCP\

121

1938

1939

)4+'%*'0.#0&

,QJCPPGU -CRQFKUVTKCU 2T·UKFGPV -W .GRVC IKPC &KXQ C -CVUQWTQU 5GJT UEJÌPpXQT\ÒINKEJ

-W .GRVC IKPC &KXQ C -CVUQWTQU

1940

4CPFHGJNGT MN 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

1941

-W .GRVC IKPC &KXQ C -CVUQWTQU XCT

5GJT UEJÌP

-W .GRVC IKPC &KXQ C -CVUQWTQU XCT -N 5EJTÌVNKPIUHGJNGT YKP\ 4CPFHGJNGT UGJT UEJÌP

1942

1943

1944

1945

-W .GRVC IKPC &KXQ -CVUQWTQU

5GJT UEJÌP

-W .GRVC IKPC /KV XGTMGJTVGO .CWDTCPF &KXQ -CVUQWTQU 5GNVGP KP FKGUGT 'TJCNVWPI 9KP\ 5EJTÌVNKPIUHGJNGT HCUV XQT\ÒINKEJ

-W .GRVC IKPC /KV XGTMGJTVGO .CWDTCPF &KXQ -CVUQWTQU -N 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

-W .GRVC IKPC &KXQ -CVUQWTQU 5GNVGP KP FKGUGT 'TJCNVWPI 9KP\ 2T·IGUEJY·EJG XQT\ÒINKEJ

1946

122

1947

-W .GRVC IKPC &KXQ -CVUQWTQU XCT 5GJT UEJÌP -W .GRVC IKPC &KXQ -CVUQWTQU -N 2T·IGUEJY·EJG CO 4CPF UGJT UEJÌP .QV -W .GRVC Z -W .GRVC -W .GRVQP 5VÒEM 5EJÌPpUGJT UEJÌP

1950 1949

1949

1VVQ + &TCEJOGP /ÒPEJGP &CX &KXQ C (CUV XQT\ÒINKEJ XQT\ÒINKEJ -W .GRVC /ÒPEJGP &KXQ C 2TCEJVGZGORNCT XQP HGKPUVGT 'TJCNVWPI 5VGORGNINCP\

1953 1951

1954

-W .GRVC /ÒPEJGP &KXQ C -W .GRVC /ÒPEJGP &KXQ C -W .GRVC /ÒPEJGP &KXQ D -W .GRVC #VJGP &KXQ D

8QT\ÒINKEJ 9KP\ -TCV\GT XQT\ÒINKEJ 5GJT UEJÌP 5GJT UEJÌP

1957 1955

1955

$TQP\GOGFCKNNG XQP - .CPIG CWH FKG )TWPFUVGKPNGIWPI FGT 7PKXGTUKV·V #VJGP FGP 5RGPFGTP IGYKFOGV $TWUVDKNF 1VVQU N KP ITKGEJKUEJGT 6TCEJV #PUKEJV FGU 7PKXGTUKV·VUIGD·WFGU OO 9KVV 8QT\ÒINKEJp5VGORGNINCP\

-W .GRVC #VJGP 6[R OKV ΒΑΣΙΛΕΙΑ. &KXQ H

5GJT UEJÌP

1958

&TCEJOGP 9KGP I OQWN BASILEUS THS ELLADOS $TWUVDKNF OKV ·NVGTGP )G UKEJV\ÒIGP N )GMTÌPVGU 9CRRGP \YKUEJGP \YGK .QTDGGT\YGKIGP KO #DUEJPKVV DRAXMAI WPF &CX &KXQ 8QP ITQGT 5GNVGPJGKV 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC HCUV 5VGORGNINCP\ 123

1959

ex 1962

1961

1964

1963

-W .GRVC #VJGP &KXQ I 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT XQP HGKPUVGT 'TJCNVWPI 5VGORGNINCP\

.QV &TCEJOG -W .GRVC -W .GRVC -W .GRVC 5VÒEM 5EJTÌVNKPIUHGJNGT Z HCUV UGJT UEJÌP WPF UGJT UEJÌP

)GQTI + $TQP\GOGFCKNNG Q , XQP # $CTTG FGU /CTKPGOKPKUVGTKWOU -QRH T 2TQTC FCTÒDGT FTGK .QTDGGTMT·P\G OO 9WT\DCEJ 8QT\ÒINKEJ

-W .GRVC $$ -W .GRVC $$ 5VTCDWTI &KXQ C C 5VÒEM 5GNVGP KP FKGUGT 'TJCNVWPI 8QT\ÒINKEJp5VGORGNINCP\

&TCEJOG 2CTKU &KXQ D .GRVC 2CTKU &KXQ D

1965

5GJT UEJÌPpXQT\ÒINKEJ 8QT\ÒINKEJ

1966

1967

1,5:1

.GRVC 2CTKU &KXQ C -W .GRVQP - $QTFGCWZ &KXQ C

8QT\ÒINKEJp5VGORGNINCP\ 5GNVGP KP FKGUGT 'TJCNVWPI 8QT\ÒINKEJp5VGORGNINCP\

-W 2TQDG GKPGU &TCEJOGP 5VÒEMU # 2CTKU I -QRH T 9CRRGP CWH IGMTÌPVGO 9CR RGPOCPVGN WPVGP 9GTV &KXQ 8QP ITÌVGT 5GNVGPJGKV (CUV 5VGORGNINCP\

.QV &TCEJOGP # &TCEJOGP # .GRVC # Z -W .GRVC $$ $$ - # # Z .GRVC # -W .GRVC - $$ # -W .GRVC $$ -W .GRVQP $$ 5VÒEM 5EJÌPpUGJT UEJÌP

-4'6#

)GQTI .QV &TCEJOGP &TCEJOG .GRVC -W .GRVC # -W .GRVQP # 5VÒEM (CUV UGJT UEJÌPpXQT\ÒINKEJ

1970

+10+5%*' +05'.0 124

7PVGT DTKVKUEJGT 8GTYCNVWPI -W 1DQNK - /

5GJT UEJÌPpXQT\ÒINKEJ

1973 1971

1972

-W 1DQN - / -W .GRVC - / .GRVC - /

5GJT UEJÌPpXQT\ÒINKEJ 8QT\ÒINKEJ (CUV XQT\ÒINKEJ

.QV .GRVC -W 1DQNK Z -W 1DQN -W .GRVQP 5VÒEM 5EJÌPpHCUV XQT\ÒINKEJ

1975 1977

#0)'.5#%*5'0

1976

)4155$4+6#00+'0

9GUVHTKGUNCPF Õ 5EGCV EC I 6[R &CXKFUUVGTP -TGW\ WOIGDGP XQP 6TWIUEJTKHV CWU -TGW\ PGWP *CUVGP WPF XKGT 2WPMVGP -TGW\ KP UGEJU\CEMKIGO (CFGPUVGTP CWGP 2WPMVG 9 1R FGP 8GNFG % , ( -NCCUUGP 5EGCVVCU CPF /GTQXKPIKCP &GPKGTU HTQO &QODWTI CPF 9GUVUEJQWYGP *GTGPV H 6CHGN 44 8QT\ÒINKEJ

'0).#0&

*GPT[ +++ 2GPP[ Q , .QPFQP I .QPI ETQUU RGPP[ )GMTÌPVGT -QRH X X .CPIMTGW\ KP FGP 9KPMGNP LG FTGK -WIGNP 5GCD[ 5GJT UEJÌP

*GPT[ 8+ )TQCV Q , %CNCKU 5GCD[

5GJT UEJÌP

'NK\CDGVJ + 5JKNNKPI Q , .QPFQP /ÒP\\GKEJGP 9QNNDCNNGP 5GCD[ (CUV UGJT UEJÌP

1979

8'4'+0+)6'5 -¤0+)4'+%*

%JCTNGU + 5KNDGTOGFCKNNG XQP , $NWO CWH FKG 8GTO·JNWPI /CTKC 5VWCTVU OKV 9KN JGNO ++ XQP 0CUUCW &KG\ 1TCPKGP 5VCVVJCNVGT FGT 0KGFGTNCPFG &CU $TCWVRCCT TGKEJV UKEJ FKG *CPF FCTÒDGT 6CWDG KP 5VTCJNGP WPF \YGK 2WVVGP OKV -T·P\GP KP 9QNMGP KO *KPVGTITWPF 4GKVGT -WVUEJG 2CNCUV WPF $WTI CWH *ÒIGN 9KNJGNO ÒDGTTGKEJV /CTKC GKPGP 1NKXGP\YGKI \W UGKPGP (ÒGP $GNNQPC KO *KPVGTITWPF 9CHHGP 8KMVQTKC #DWPFCPVKC WPF FGT )GPKWU XQP *QNNCPF OO I 'KOGT ,WPIM X .QQP ++ 5 + 8QT\ÒINKEJ 125

1981

1982

1980

%TQYP 'ZGVGT &CX 5GCD[ 5GJT UEJÌP %JCTNGU ++ %TQYP .QPFQP &CX 5GCD[ *ÒDUEJG 2CVKPC UGJT UEJÌP %TQYP .QPFQP &CX 5GCD[ -N 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

1983

1985

1984

#PPG 5JKNNKPI .QPFQP 5GCD[ %TQYP .QPFQP 5GCD[

)GQTIG ++ 5JKNNKPI .QPFQP /KV .+/# WPVGT FGO $TWUVDKNF IGRT·IV CWU URCPKUEJGO 5KNDGT GTDGWVGV XQP #FOKTCN #PUQP 5GCD[ *ÒDUEJG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

5JKNNKPI .QPFQP /KV .+/# WPVGT FGO $TWUVDKNF IGRT·IV CWU URCPKUEJGO 5KNDGT GTDGWVGV XQP #FOKTCN #PUQP 5GCD[ 2CVKPC UGJT UEJÌP

1988

1987

*ÒDUEJG 2CVKPC UGJT UEJÌP #VVTCMVKXG 2CVKPC UGJT UEJÌP

1988

%TQYP .QPFQP /KV .+/# WPVGT FGO $TWUVDKNF IGRT·IV CWU URCPKUEJGO 5KNDGT GTDGWVGV XQP #FOKTCN #PUQP 5GCD[ 5GJT UEJÌP

)GQTIG +++ 5JKNNKPI $CPM 6QMGP (NKPVUJKTG 5GCD[ $TKVKUJ 6QMGPU 5GJT UEJÌPpXQT\ÒINKEJ

126

1990

1989

)GQTIG +8 %TQYP .QPFQP &CX 5GCD[ 8QT\ÒINKEJGU 'ZGORNCT OKV UEJÌPGT 2CVKPC

9KNNKCO +8 5JKNNKPI .QPFQP 5GCD[

8QT\ÒINKEJ

8QT\ÒINKEJp5VGORGNINCP\

1991

1992

+4.#0&

)GQTIG +++ 2GPEG $CPMVQMGP 5GCD[ #

)GQTIG +++ 5JKNNKPIU 6QMGP - / 6P

,'45';

1995

1993

1994

1996

5%*166.#0&

,COGU 8+ 4[CN 'FKPDWTIJ &CX 5GCD[

4[CN 'FKPDWTIJ OKV )GIGPUVGORGN XQP CWH FGT 4ÒEMUGKVG )GMTÌPVG &KUVGN &CX # 5GCD[ WPF R 4 5EJTÌVNKPIUTK UGJT UEJÌP

5GJT UEJÌP

+6#.+'0 %#56+).+10' &'..' 56+8+'4'

(GTFKPCPFQ ++ 5QNFK Q , %0+ +8 5 8CTGUK NGKEJV XCT

5GJT UEJÌP

/CTKC /CFFCNGPC .WKIKPQ %COOCTCPQ %0+ :+ 5 NGKEJV XCT 8QT\ÒINKEJ

(15&+0181

127

1997

1998

)'07#

4GRWDNKM &QIK $KGPPCNK 5EWFQ UVTGVVQ )GPWC %0+ +++ 5 &CX 9KP\ 4CPFHGJNGT MN 2T·IGUEJY·EJG UGJT UEJÌP

5EWFQ UVTGVVQ )GPWC 8CTKCPVG OKV -TGW\GP UVCVV 5VGTPGP \W 5GKVGP FGT $WTI &CX .WPCTFK XCT 9KP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

2000

1999

5EWFQ NCTIQ )GPWC I 8GT\KGTVGU -TGW\ KP FGP 9KPMGNP LG GKPG $NWOG WPF GKP IGHNÒIGNVGT 'PIGNUMQRH /CFQPPC OKV <GRVGT KP FGT 4GEJVGP WPF -KPF KO NKPMGP #TO UKV\V CWH 9QNMGP FCTÒDGT \YGK 'PIGN &CX .WPCTFK #VVTCMVKXGU UGJT UEJÌPGU 'ZGORNCT OKV HGKPGT 6ÌPWPI

5EWFQ UVTGVVQ )GPWC &CX .WPCTFK

5GJT UEJÌP

2001

128

5EWFQ UVTGVVQ )GPWC &CX .WPCTFK

2002

5EWFK I 8GT\KGTVGU -TGW\ KP FGP 9KPMGNP LG GKPG $NWOG WPF GKP IGHNÒIGNVGT 'PIGNU MQRH /CFQPPC OKV <GRVGT KP FGT 4GEJVGP WPF -KPF KO NKPMGP #TO UKV\V CWH 9QNMGP FCTÒDGT \YGK 'PIGN &CX .WPCTFK 8QP ITQGT 5GNVGPJGKV <WO 6GKN GVYCU UEJYCEJ CWUIGRT·IV UGJT UEJÌP

5#//.70) -+4%*'056##6 /KV XKGN 5CEJXGTUVCPF WPF 5COOGNGKHGT YWTFG FKGUG IGRHNGIVG 5COONWPI R·RUVNKEJGT 2T·IWPIGP KO .CWHG FGT NGV\VGP FTGKKI ,CJTG \WUCOOGPIGVTCIGP &KG /ÒP\GP WPF /GFCKNNGP FQMWOGPVKGTGP KP GKPFTWEMUXQNNGT 9GKUG FKG YGEJUGNXQNNG )GUEJKEJVG FGU *GKNKIGP 5VWJNU WPF DKGVGP GKPG DGGKPFTWEMGPFG 2QTVT·VICNGTKG FGT $KUEJÌHG XQP 4QO 5KG DGNGIGP CWEJ FKG T·WONKEJG #WUFGJPWPI FKG FGT -KTEJGPUVCCV KP /KVVGN WPF 0QTFKVCNKGP CDGT CWEJ DGKURKGNUYGKUG KP 5ÒFHTCPMTGKEJ JCVVG &KG /ÒP\GP WPF /GFCKNNGP FGU -KTEJGPUVCCVU IGJÌTGP \W FGP YGPKIGP PWOKUOCVKUEJGP 5COOGNIGDKGVGP FKG KP FGT ICP\GP 9GNV UVCTMGU +PVGTGUUG JGTXQTTWHGP YGKN KJT JKUVQTKUEJGT *KPVGTITWPF FGP .CWH FGT 9GNVIGUEJKEJVG GPVUEJGK FGPF DGGKPHNWV JCV &KG $GNKGDVJGKV FKGUGU 5COOGNVJGOCU DGTWJV CDGT PKEJV \WNGV\V CWEJ CWH FGT 5EJÌPJGKV WPF 8KGNHCNV FGT 2T·IWPIGP HÒT FGTGP *GTUVGNNWPI KOOGT FKG DGICDVGUVGP -ÒPUVNGT KJTGT <GKV GPICIKGTV YWTFGP )QNFOÒP\GP FGU -KTEJGPUVCCVU CWU FKGUGT 5COONWPI HKPFGP 5KG WPVGT FGP 0TP

2003

,QJCPPGU 8+++ WPF -CTN FGT )TQG &GPCTQ 4QO I /QPQITCOO $TWUV DKNF FGU JGKNKIGP 2GVTWU JCNDN OKV 5VCD /WPVQPK 8QP ITQGT 5GNVGPJGKV 5EJTÌVNKPIUTK HCUV XQT\ÒINKEJ

4ÌOKUEJGT 5GPCV )TQUUQ CPQPKOQ Q , EC 4QO I .ÌYG N 4QOC VJTQPV X X OKV )NQDWU WPF 2CNO\YGKI /WPVQPK 5GJT CVVTCMVKXGU 'ZGORNCT OKV JÒDUEJGT 2CVKPC XQT\ÒINKEJ

2005

2004

2006

)TQUUQ Q , #PHCPI FGU ,CJTJWPFGTVU 4QO I .ÌYG N FGP -QRH PCEJ XQTP IGYCPFV WPVGP FCU 9CRRGP %QNQPPC 1TUKPK 4QOC VJTQPV X X OKV )NQDWU WPF 2CNO\YGKI /WPVQPK 4 #VVTCMVKXG 2CVKPC UGJT UEJÌP

,QJCPPGU ::++ )TQUUQ VQTPGUG Q , 2QPV FG 5QTIWGU I &GT 2CRUV VJTQPV X X OKV /KVTC UGIPGPFGT 4GEJVGP WPF -TGW\UVCD $NWOGPMTGW\ /WPVQPK 8CT + 4 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

129

2007

2008

2009

$GPGFKMV :++ )TQUUQ Q , /CECTGVC I &GT 2CRUV VJTQPV X X OKV /KVTC UGIPGPFGT 4GEJVGP WPF -TWOOUVCD -TGW\ /WPVQPK 2CVKPC UGJT UEJÌP

%NGOGPU 8+ )TQUUQ VQTPGUG Q , 2QPV FG 5QTIWGU I &GT 2CRUV VJTQPV X X OKV /KVTC UGIPGPFGT 4GEJVGP WPF -TGW\UVCD -TGW\ WOJGT \YGK\GKNKIG 7OUEJTKHV /WPVQPK 44 *ÒDUEJG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

+PPQEGP\ 8+ )TQUUQ Q , #XKIPQP I &GT 2CRUV VJTQPV X X OKV /KVTC UGIPGP FGT 4GEJVGP WPF -TGW\UVCD -TGW\ KP FGP 9KPMGNP IGMTGW\VG 5EJNÒUUGN /WPVQPK (GKPG 2CVKPC UGJT UEJÌP

2010

2011

7TDCP 8 )TQUUQ Q , #XKIPQP I &GT 2CRUV VJTQPV X X OKV /KVTC UGIPGPFGT 4GEJVGP WPF -TGW\UVCD )GMTGW\VG 5EJNÒUUGN /WPVQPK 4 *ÒDUEJG 2CVKPC UGJT UEJÌP

5GUKPQ )TQUUQ Q , #XKIPQP I /KVTC FCTWPVGT 282 -TGW\ KP FGP 9KPMGNP /KVTC IGMTGW\VG 5EJNÒUUGN IGMTGW\VG 5EJNÒUUGN /KVTC /WPVQPK 2CVKPC 2T·IGUEJY·EJG HCUV UGJT UEJÌP

)TGIQT :+ $QNQIPKPQ TQOCPQ Q , 4QO /WPVQPK HH

2013

8CTKCPVGP 5GJT UEJÌP

2014

)TQUUQ Q , #XKIPQP I &GT 2CRUV VJTQPV X X OKV /KVTC UGIPGPFGT 4GEJVGP WPF -TGW\UVCD )GMTGW\VG 5EJNÒUUGN /WPVQPK 5GJT CVVTCMVKXGU 'ZGORNCT OKV JÒDUEJGT 2CVKPC HCUV XQT\ÒINKEJ

%NGOGPU 8++ )GIGPRCRUV )TQUUQ Q , #XKIPQP I &GT 2CRUV VJTQPV X X OKV /KVTC UGIPGPFGT 4GEJVGP WPF -TGW\UVCD )GMTGW\VG 5EJNÒUUGN /WPVQPK 4 #VVTCMVKXG 2CVKPC UGJT UEJÌP

2015

2016

$QPKHCEKWU +: )TQUUQ Q , 4QO I &GT 2CRUV VJTQPV X X OKV /KVTC UGIPGPFGT 4GEJVGP WPF -TGW\UVCD )GMTGW\VG 5EJNÒUUGN /WPVQPK 8CT + (GKPG 2CVKPC UGJT UEJÌP

,QJCPPGU ::+++ )GIGPRCRUV )TQUUQ Q , 4QO I &GT 2CRUV VJTQPV X X OKV /KVTC UGIPGPFGT 4GEJVGP WPF -TGW\UVCD )GMTGW\VG 5EJNÒUUGN /WPVQPK 4 #VVTCMVKXG 2CVKPC UGJT UEJÌP

130

2018

2017

/CTVKP 8 )TQUUQ Q , 4QO I &GT 2CRUV VJTQPV X X OKV /KVTC UGIPGPFGT 4GEJVGP WPF -TGW\UVCD )GMTGW\VG 5EJNÒUUGN /WPVQPK 2CVKPC HCUV UGJT UEJÌP

%CTNKPQ Q , #XKIPQP I &GT 2CRUV VJTQPV X X OKV /KVTC UGIPGPFGT 4GEJVGP WPF -TGW\UVCD )GMTGW\VG 5EJNÒUUGN /WPVQPK (GKPG 2CVKPC UGJT UEJÌP

2020

2019

'WIGP +8 )TQUUQ Q , 4QO I &GT 2CRUV VJTQPV X X OKV /KVTC UGIPGPFGT 4GEJVGP WPF -TGW\UVCD )GMTGW\VG 5EJNÒUUGN /WPVQPK 8CT ++ 44 2CVKPC UGJT UEJÌP

2KWU ++ )TQUUQ Q , 4QO I /KV /KVTC DGNGIVGU 9CRRGP KP 8KGTRC 5V 2GVTWU OKV 5EJNÒUUGN WPF $WEJ WPF 5V 2CWNWU OKV 5EJYGTV WPF $WEJ UVGJGP GKPCPFGT IGIGPÒDGT /WPVQPK 4 'VYCU (WPFDGNCI MN -TCV\GT UGJT UEJÌP UEJÌPpUGJT UEJÌP

2021

2022

5KZVWU +8 )TQUUQ Q , 4QO I $TWUVDKNF N /KV /KVTC DGNGIVGU 9CRRGP KP 8KGT RC /WPVQPK 4 2CVKPC HCUV UGJT UEJÌP

)TQUUQ Q , 4QO I /KV /KVTC DGNGIVGU 9CRRGP KP 8KGTRC 5V 2CWNWU OKV 5EJYGTV WPF $WEJ WPF 5V 2GVTWU OKV 5EJNÒUUGN WPF $WEJ UVGJGP GKPCPFGT IGIGPÒDGT /WPVQPK *ÒDUEJG 2CVKPC UGJT UEJÌP

2023

2024

+PPQEGP\ 8+++ )TQUUQ Q , 4QO I /KV /KVTC DGNGIVGU 9CRRGP KP 8KGTRC 5V 2CWNWU OKV 5EJYGTV WPF $WEJ WPF 5V 2GVTWU OKV 5EJNÒUUGN WPF $WEJ UVGJGP GKPCPFGT IGIGPÒDGT /WP VQPK 5GJT UEJÌP

%CTNKPQ Q , #XKIPQP I &GT 2CRUV VJTQPV X X OKV /KVTC UGIPGPFGT 4GEJVGP WPF -TGW\UVCD -TGW\ KP FGP 9KPMGNP IGMTGW\VG 5EJNÒUUGN /WPVQPK 4 (GKPG 2CVKPC UGJT UEJÌP

%CTNKPQ Q , #XKIPQP I &GT 2CRUV VJTQPV X X OKV /KVTC UGIPGPFGT 4GEJVGP WPF -TGW\UVCD -TGW\ KP FGP 9KPMGNP IGMTGW\VG 5EJNÒUUGN /WPVQPK 4 2CVKPC HCUV UGJT UEJÌP UGJT UEJÌP

131

2026

$TQP\GOGFCKNNG Q , UR·VGTG 2T·IWPI FGU ,CJTJWPFGTVU WPUKIPKGTV CWH FGP 9KFGTTWH FGU ÒDGT (GTFKPCPF XQP 0GCRGN CWUIGURTQEJGPGP -KTEJGPDCPPU $TWUVDKNF T KP IGKUVNKEJGO 1TPCV &GT 2CRUV VJTQPV N WPF UGIPGV FGP *GT\QI XQP -CNCDTKGP 0GHHG (GTFKPCPFU FGT KO $ÒGTIGYCPF XQT KJO NKGIV OO $ÌTPGT 5RKPM 8QT\ÒINKEJp5VGORGNINCP\

2027

2028

,WNKWU ++ )KWNKQ Q , 4QO #WH FGT 4ÒEMUGKVG /ÒP\\GKEJGP FGT (WIIGT /WPVQPK *ÒDUEJG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

)KWNKQ Q , 4QO /WPVQPK XCT

)KWNKQ Q , 4QO /WPVQPK )KWNKQ Q , #PEQPC /WPVQPK XCT

2031

2032

5GJT UEJÌP

5GJT UEJÌP 5GJT UEJÌP

2033

2034

2035

)KWNKQ Q , #PEQPC /WPVQPK XCT 5GJT UEJÌP )KWNKQ Q , 4QO /WPVQPK 4 (CUV UGJT UEJÌP %NGOGPU 8++ )KWNKQ Q , 4QO /WPVQPK 5GJT UEJÌP %CTNKPQ Q , $QNQIPC /WPVQPK HH $CPF +8 6GKN +++ #PQP[OG 2T·IWPIGP 5GJT UEJÌP 2CWN +++ )KWNKQ Q , 4QO /WPVQPK (GKPG 2CVKPC UGJT UEJÌP

.QV $KCPEQ Q , $QNQIPC 2CQNQ Q , 4QO )TQUUQ # :++++ 4QO /WPVQPK C 5VÒEM 5EJTÌVNKPIUNQEJ Z UEJÌPpUGJT UEJÌP

132

2030

2029

2037

$TQP\GIWOGFCKNNG Q , WPUKIPKGTV XQP # %GUCVK IGPCPPV KN )TGEJGVVQ CWH &KFQ -ÌPKIKP XQP -CTVJCIQ $GMT·P\VG WPF FTCRKGTVG $ÒUVG T 5VCFVCPUKEJV XQP -CTVJCIQ KO 8QTFGTITWPF *CHGP OKV )CNGGTGP OO %QNN -TGUU 5GJT UEJÌPGT )W

2038

2039

,WNKWU +++ )KWNKQ # +++ 4QO /WPVQPK C XCT -N 5EJTÌVNKPIUHGJNGT CO 4CPF HCUV UGJT UEJÌP

)KWNKQ Q , 4QO /WPVQPK

2040

)KWNKQ Q , #PEQPC /WPVQPK $KCPEQ Q , $QNQIPC /WPVQPK

2042

2CWN +8 6GUVQPG Q , 4QO /WPVQPK 6GUVQPG Q , 4QO /WPVQPK

2044

*ÒDUEJG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

2041

(GKPG 2CVKPC UGJT UEJÌP 4 *ÒDUEJG 2CVKPC UGJT UEJÌP

2043

(GKPG 2CVKPC UGJT UEJÌP #VVTCMVKXG 2CVKPC UGJT UEJÌP

2046

6GUVQPG #PEQPC /WPVQPK

5GJT UEJÌP

.QV 6GUVQPG #PEQPC )KWNKQ Q , 4QO )KWNKQ Q , #PEQPC /WPVQPK 5VÒEM -N .QEJ Z UGJT UEJÌP

5GFKUXCMCP\ 6GUVQPG 4QO /WPVQPK #VVTCMVKXGU 'ZGORNCT OKV JÒDUEJGT 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

133

2047

2048

2KWU +8 6GUVQPG Q , 4QO /WPVQPK 2CVKPC XQT\ÒINKEJ 6GUVQPG Q , 4QO /WPVQPK (GKPG 2CVKPC YKP\ 4CPFHGJNGT UGJT UEJÌPpXQT\ÒINKEJ )KWNKQ Q , 4QO &C\W )KWNKQ Q , #PEQPC /WPVQPK 5VÒEM 5GJT UEJÌP

2050

2051

6GUVQPG #PEQPC /WPVQPK 6GUVQPG Q , #PEQPC /WPVQPK

*ÒDUEJG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ (GKPG 2CVKPC UGJT UEJÌP

2052

$KCPEQ .KTC Q , $QNQIPC /WPVQPK -N -TCV\GT UGJT UEJÌP 2KWU 8 6GUVQPG Q , 4QO /WPVQPK XCT 9KP\ 5EJTÌVNKPIUHGJNGT CO 4CPF UGJT UEJÌP

134

2055

6GUVQPG Q , 4QO /WPVQPK )KWNKQ # 8+ 4QO /WPVQPK

2056

6GUVQPG Q , #PEQPC /WPVQPK -N -TCV\GT UGJT UEJÌP $KCPEQ .KTC Q , $QNQIPC /WPVQPK #VVTCMVKXG 2CVKPC UGJT UEJÌP )TGIQT :+++ 6GUVQPG # :+++ 4QO /WPVQPK E -N <CKPGPFG UGJT UEJÌP

2057

2053

2054

2058

*ÒDUEJG 2CVKPC YKP\ -TCV\GT UGJT UEJÌP 5GJT UEJÌP

2059

2060

6GUVQPG #PEQPC /WPVQPK XCT 6GUVQPG #PEQPC /WPVQPK C

2061

5GJT UEJÌP (CUV UGJT UEJÌP

(GKPG 2CVKPC UGJT UEJÌP 5GJT UEJÌP

2062

6GUVQPG Q , #PEQPC /WPVQPK 6GUVQPG Q , #PEQPC /WPVQPK 8CT + XCT

2065

2063

6GUVQPG Q , #PEQPC /WPVQPK

5GJT UEJÌP

.QV 6GUVQPG # :+++ 4QO &C $KCPEJK Q , #XKIPQP 5GUKPQ Q , $QNQIPC /WPVQPK D 5VÒEM )GNQEJV Z UEJÌPpUGJT UEJÌP

5KZVWU 8 2KCUVTC #0 ++++ 4QO &CX /WPVQPK XCT 44 #VVTCMVKXG 2CVKPC NGKEJVG $GCTDGKVWPIUURWTGP UGJT UEJÌP

2066

2067

6GUVQPG #00 ++++ 4QO /WPVQPK XCT 6GUVQPG 4QO /WPVQPK

.QV 6GUVQPG Q , 4QO 6GUVQPG #00 +++ 4QO &C $KCPEJK Q , #XKIPQP /WPVQPK 5VÒEM 5EJÌPpUGJT UEJÌP

*ÒDUEJG 2CVKPC UGJT UEJÌP 9KP\ 5EJTÌVNKPIUHGJNGT CO 4CPF UGJT UEJÌP

2069

%NGOGPU 8+++ 6GUVQPG # +: 4QO /WPVQPK 6GUVQPG #0 +: 4QO /WPVQPK UKGJG #DDKNFWPI

2070

5GJT UEJÌP 5GJT UEJÌP

135

2072

2071

6GUVQPG Q , 4QO /WPVQPK XCT &Q\\KPC #XKIPQP /WPVQPK &Q\\KPC #XKIPQP &C\W -W 3WCVVTKPQ 4QO /WPVQPK

2074

4 5GJT UEJÌP 44 5GJT UEJÌP 5VÒEM 5GJT UEJÌP

2075

2CWN 8 6GUVQPG # 8++ 4QO /WPVQPK 6GUVQPG #0 :+ 4QO /WPVQPK XCT

5GJT UEJÌP 5GJT UEJÌP

2077

2076

2078

)KWNKQ Q , 4QO /WPVQPK )TQUUQ # :++ 4QO /WPVQPK 8CT ++ (TCPEQ #XKIPQP /WPVQPK

2079

5GJT UEJÌP 5GJT UEJÌP 4 5GJT UEJÌP

4 (CUV UGJT UEJÌP UGJT UEJÌP

2081

(TCPEQ # :++++ #XKIPQP /WPVQPK XIN FQTV # :+++

6GUVQPG # 8+ 4QO &C\W /G\\Q )TQUUQ Q , (GTTCTC /WPVQPK 5VÒEM (CUV UGJT UEJÌP

)TGIQT :8 6GUVQPG Q , 4QO /WPVQPK

5GJT UEJÌP

*ÒDUEJG 2CVKPC UGJT UEJÌP 5GJT UEJÌP

2082

136

7TDCP 8+++ 6GUVQPG # ++ 4QO /WPVQPK 8CT + $CTDGTKPQ #XKIPQP /WPVQPK D

2083

2084

2085

$CTDGTKPQ #XKIPQP /WPVQPK 6GUVQPG 4QO /WPVQPK

5GJT UEJÌP 5GJT UEJÌP

2KCUVTC #0 :++ 4QO &CX /WPVQPK 4 *GPMGNURWT MN 4CPFHGJNGT UGJT UEJÌP 2KCUVTC #0 :++ 4QO &CX /WPVQPK 5EJÌPpUGJT UEJÌP

2086

2087

2089

2088

6GUVQPG # :+8 4QO /WPVQPK

-N <CKPGPFG UGJT UEJÌP

(TCPEQ #XKIPQP /WPVQPK 5GNVGP KP FKGUGT 'TJCNVWPI 9KP\ -TCV\GT XQT\ÒINKEJGU 'ZGORNCT

2090

2091

2092

2KCUVTC # :: 4QO &CX /WPVQPK 4 -N *GPMGNURWT 5EJTÌVNKPIUHGJNGT <CKPGPFG UGJT UEJÌP

2KCUVTC # :: 4QO &CX /WPVQPK 4 (GKPG 2CVKPC 5EJTÌVNKPIUHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

2KCUVTC # ::+ 4QO &CX /WPVQPK

4 (GKPG 2CVKPC MN 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

137

2093

2095

6GUVQPG # ::+ 4QO /WPVQPK C

.QV -W &QRRKQ 6QTPGUG #XKIPQP -W 3WCVVTKPQ Q , 4QO /WPVQPK &C\W +P PQEGP\ : -W 3WCVVTKPQ Q , )WDDKQ /WPVQPK C 5VÒEM 5GJT UEJÌP

$TQP\GOGFCKNNG # :8 OKV 5KIPCVWT XQP ) /QNC CWH FKG 'TPGWGTWPI XQP %CUVGN )CPFQNHQ OKV FGT 2CRUVXKNNC $TWUVDKNF T KO IGKUVNKEJGP 1TPCV #PUKEJV GKPGU *ÒIGNU OKV 2CNCUV WPF XKGNGP MNGKPG TGP )GD·WFGP OO $ÌTPGT 5RKPM 5R·VGTG 2T·IWPI 8QT\ÒINKEJ

2096

5GJT UEJÌP

2099

2098

$TQP\GOGFCKNNG # :: OKV 5KIPCVWT XQP ) /QTQPG /QNC CWH FKG UÒFNKEJG 5VCFVOCWGT \YKUEJGP 2QTVC 5CP 2CPETC\KQ WPF 2QTVC 2QTVGUG $TWUVDKNF T KO IGKUVNKEJGP 1TPCV #PUKEJV FGT 5VCFV OCWGT WPF FGT 5VCFV CWU FGT 8QIGNRGTURGMVKXG OO $ÌTPGT 5RKPM 5R·VGTG 2T·IWPI 8QT\ÒINKEJp5VGORGNINCP\

.QV $TQP\GOGFCKNNG # :+ XQP ) /QNC \WT 'TKPPGTWPI CP FKG 4GUVCWTKGTWPI FGT -KTEJG 5CPVC $KDKCPC KO ,CJTG $TQP\GOGFCKNNG # :8 XQP ) /QNC CWH FGP 0GWDCW FGT -KTEJG FGU JGKNKIGP %CKWU KP 4QO $TQP\GOGFCKNNG #0 +++ XQP ) /QNC CWH FCU *GKNKIG ,CJT $TQP\GOG FCKNNG # :+: XQP ) /QTQPG /QNC CWH FGP $CW XQP )GVTGKFGURGKEJGTP KP 4QO $ÌTPGT FQTV KP 5KNDGT 5VÒEM 8QT\ÒINKEJ

+PPQEGP\ : 2KCUVTC #001 ++ 4QO &CX # /WPVQPK 4 (GKPG 2CVKPC CVVTCMVKXGU UGJT UEJÌPGU 'ZGORNCT

$TQP\GOGFCKNNG #0 +++ XQP ) /QTQPG /QNC CWH FCU 4KEJVHGUV FGT 4GUVCWTKGTWPI FGT $CUKNKMC 5CP )KQXCPPK KP .CVGTCPQ $TWUVDKNF T KO IGKUVNKEJGP 1TPCV 3WGTUEJPKVV FGT HÒPHUEJKHHKIGP $CUKNKMC OO $ÌTPGT FQTV KP 5KNDGT 5RKPM 5R·VGTG 2T·IWPI 8QT\ÒINKEJp5VGORGNINCP\

138

2101 2100

2100

$TQP\GOGFCKNNG # 8+ XQP ) /QTQPG /QNC CWH FGP $GIKPP FGU *GKNKIGP ,CJTGU $TWUVDKNF T KO IGKUVNKEJGP 1TPCV &GT JGKNKIG 2GVTWU OKV 5EJNÒUUGN WPF $WEJ UKV\V CWH 9QNMGP OO $ÌT PGT FQTV KP 5KNDGT 5RKPM 5R·VGTG 2T·IWPI 8QT\ÒINKEJ

5GFKUXCMCP\ )KWNKQ (GTTCTC /WPVQPK

44 (CUV UGJT UEJÌP

2105

2102

#NGZCPFGT 8++ 6GUVQPG Q , 4QO /WPVQPK 6GUVQPG Q , 4QO /WPVQPK )TQUUQ Q , 4QO &C\W -W 3WCVVTKPQ Q , )WDDKQ /WPVQPK

(GKPG 2CVKPC UGJT UEJÌP (GKPG 2CVKPC UGJT UEJÌP 5VÒEM 5GJT UEJÌP

2KCUVTC Q , 4QO &CX /WPVQPK 8CT + 4 (GKPG 2CVKPC CVVTCMVKXGU UGJT UEJÌPGU 'ZGORNCT

2107

2106

.WKIKPQ #XKIPQP OKV $TWUVDKNF WPF 0COGP FGU -CTFKPCNU (NCXKQ %JKIK /WPVQPK 9KP\ &TWEMUVGNNG UGJT UEJÌP

.WKIKPQ #XKIPQP OKV $TWUVDKNF WPF 0COGP FGU -CTFKPCNU (NCXKQ %JKIK /WPVQPK C 5GJT UEJÌP

2108

$TQP\GIWOGFCKNNG XQP ) ( 6TCXCPK $TWUVDKNF N KO IGKUVNKEJGP 1TPCV #PUKEJV FGU *CHGPU XQP %KXKVCXGEEJKC OO $ÌTPGT 5RKPM XCT 5R·VGTGT )WUU 8QT\ÒINKEJ

139

2109

2111

2110

5GFKUXCMCP\ 2KCUVTC 4QO &CX /WPVQPK (CUV XQT\ÒINKEJ 2KCUVTC 4QO &CX /WPVQPK #VVTCMVKXG 2CVKPC YKP\ 5EJTÌVNKPIUHGJNGT HCUV XQT\ÒINKEJ

%NGOGPU +: 2KCUVTC Q , 4QO /KV FGO 6JTQP FGU JGKNKIGP 2GVTWU KP FGT 4ÒEMUGKVGPFCT UVGNNWPI &CX /WPVQPK 4 (GKPG 2CVKPC YKP\ *GPMGNURWT ! UGJT UEJÌP

2114

2113

2112

6GUVQPG Q , 4QO /WPVQPK )KWNKQ Q , 4QO /WPVQPK )TQUUQ Q , 4QO /WPVQPK

*ÒDUEJG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ *ÒDUEJG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ 5GJT UEJÌP

2116

2115

5GFKUXCMCP\ 2KCUVTC 4QO &CX /WPVQPK #VVTCMVKXGU 'ZGORNCT OKV HGKPGT 2CVKPC 5GJT UEJÌP

6GUVQPG 4QO /WPVQPK

140

4 *GPMGNURWT UGJT UEJÌP

2118

2117

%NGOGPU : 6GUVQPG # + 4QO /WPVQPK (GKPG 2CVKPC MN *GPMGNURWT UGJT UEJÌP

2KCUVTC #00 ++ 4QO &CX /WPVQPK C 4 5GJT CVVTCMVKXGU 'ZGORNCT OKV JÒDUEJGT 2CVKPC 5GJT UEJÌPpXQT\ÒINKEJ

2119

2121

2120

2KCUVTC 4QO /KV FGO *CHGP XQP %KXKVCXGEEJKC KP FGT 4ÒEMUGKVGPFCTUVGNNWPI &CX /WP VQPK 4 (GKPG 2CVKPC 5EJTÌVNKPIUHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

2KCUVTC #0 ++++ 4QO &CX /WPVQPK

2KCUVTC #0 +8$ 4QO /KV FGT IGUEJNQUUGPGP *GKNKIGP 2HQTVG KP FGT 4ÒEMUGKVGPFCTUVGNNWPI &CX /WPVQPK #VVTCMVKXGU 'ZGORNCT UGJT UEJÌPpXQT\ÒINKEJ

2122

(GKPG 2CVKPC HCUV UGJT UEJÌP

2123

2KCUVTC 4QO /KV FGT IGUEJNQUUGPGP *GKNKIGP 2HQTVG KP FGT 4ÒEMUGKVGPFCTUVGNNWPI &CX /WPVQPK #VVTCMVKXGU 'ZGORNCT OKV HGKPGT 2CVKPC UGJT UEJÌP

2KCUVTC #0 +8$ 4QO CWH FKG ¤HHPWPI FGT *GKNKIGP 2HQTVG &CX /WPVQPK &WPMNG 2CVKPC 4CPF WPF (GNFGT DGCTDGKVGV UGJT UEJÌP

141

2124

2125

2KCUVTC 4QO /KV FGO 2QTVKMWU FGU 2GVGTUFQOU KP FGT 4ÒEMUGKVGPFCTUVGNNWPI &CX /WPVQPK #VVTCMVKXGU 'ZGORNCT OKV HGKPGT 2CVKPC HCUV XQT\ÒINKEJ

2KCUVTC 4QO /KV FGO 2QTVKMWU FGU 2GVGTUFQOU KP FGT 4ÒEMUGKVGPFCTUVGNNWPI &CX /WPVQPK -N 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

2126

)KWNKQ 4QO /WPVQPK )TQUUQ 4QO /WPVQPK

2128

2127

2126

*GTTNKEJG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ 4 (GKPG 2CVKPC OKP IGYGNNV UGJT UEJÌPpXQT\ÒINKEJ

2129

2131

5GFKUXCMCP\ 2KCUVTC 4QO &CX /WPVQPK 8QT\ÒINKEJGU 'ZGORNCT OKV UEJÌPGT 6ÌPWPI

2KCUVTC 4QO &CX /WPVQPK #VVTCMVKXGU 'ZGORNCT OKV HGKPGT 2CVKPC MN -TCV\GT UGJT UEJÌPpXQT\ÒINKEJ

2KCUVTC 4QO &CX /WPVQPK &C\W 6GUVQPG 4QO /WPVQPK 5VÒEM *GPMGNURWT UGJT UEJÌP

+PPQEGP\ :+ 2KCUVTC Q , 4QO &CX /WPVQPK 9KP\ IGUVQRHVGU .QEJ FGPPQEJ CVVTCMVKXGU 'ZGORNCT OKV JÒDUEJGT 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

142

2133

2132

6GUVQPG Q , 4QO /WPVQPK 2KCUVTC #0 + 4QO &CX /WPVQPK

2134

2132

*ÒDUEJG 2CVKPC HCUV XQT\ÒINKEJ 5GJT UEJÌP

2136

2137

2KCUVTC #0 ++ 4QO /KV FGT (CUUCFG FGU 2GVGTUFQOU KP FGT 4ÒEMUGKVGPFCTUVGNNWPI &CX /WPVQPK 5GJT UEJÌP

2KCUVTC #0 ++ 4QO /KV FGT (CUUCFG FGU 2GVGTUFQOU KP FGT 4ÒEMUGKVGPFCTUVGNNWPI &CX /WPVQPK (GNFGT HGKP IGIN·VVGV UGJT UEJÌP

2KCUVTC # +++ 4QO &CX /WPVQPK 4 5GJT CVVTCMVKXGU 'ZGORNCT OKV JÒDUEJGT 2CVKPC 5GJT UEJÌPpXQT\ÒINKEJ

2KCUVTC # 8++ 4QO /WPVQPK

2138

2KCUVTC # 8++ 4QO /WPVQPK 6GUVQPG # 8++ 4QO /WPVQPK

*ÒDUEJG 2CVKPC MN 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

2139

(GKPG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ (GKPG 2CVKPC HCUV XQT\ÒINKEJ

143

2141

2140

6GUVQPG # 8+++ 4QO /WPVQPK

2KCUVTC # +: 4QO I $TWUVDKNF T KP IGKUVNKEJGO 1TPCV OKV $NWOGPFGMQT (ÒPH <GKNGP 5EJTKHV \YKUEJGP 2CNO\YGKIGP &CX /WPVQPK 8QT\ÒINKEJGU 'ZGORNCT OKV UEJÌPGT 2CVKPC

(GKPG 2CVKPC XQT\ÒINKEJ

2KCUVTC # +: 4QO &CX /WPVQPK

-N *GPMGNURWT UGJT UEJÌP

2143

2144

6GUVQPG # +: 4QO /WPVQPK 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC HCUV 5VGORGNINCP\

6GUVQPG # +: 4QO /WPVQPK

*ÒDUEJG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ XQT\ÒINKEJ

.QV )KWNKQ # 8+++ 4QO )TQUUQ Q , 4QO Z )TQUUQ Q , Z 4QO 5VÒEM /GKUV UGJT UEJÌP

2146

2148

2147

6CNGTHÌTOKIG 5KNDGTOGFCKNNG # +++ WPUKIPKGTV CWH FCU R·RUVNKEJG 4GEJVUYGUGP $TWUVDKNF T OKV /Q\\GVVC 'PIGN J·NV 9CCIG FCXQT UVGJV ,WUVKVKC WPVGP FGT 5EJKNF FGU /ÒP\OGKUVGTU $KEJK /KV 4CPF UEJTKHV ).14+ 210&85 /1/'06#0'8/ '6 .'8' 6'408/ OO I /KUGNNK C 4 -N 5VGORGNHGJNGT XQT\ÒINKEJGU 'ZGORNCT

$TQP\GOGFCKNNG XQP ) $ )WINKGNOCFC CWH FGP 'ORHCPI FGT #DIGUCPFVGP CWU 6QPIMKPI $TWUV DKNF T KP IGKUVNKEJGO 1TPCV &GT 2CRUV VJTQPV T XQT KJO UVGJV GKP ,GUWKV FGT CWU GKPGT 5EJTKHVTQNNG XQTNKGUV WOJGT MPKGP D\Y XGTDGWIGP UKEJ FTGK %JKPGUGP OO /KUGNNK (CUV 5VGORGNINCP\

5GFKUXCMCP\ 2KCUVTC 4QO &CX /WPVQPK *ÒDUEJG 2CVKPC MN *GPMGNURWT UGJT UEJÌP

144

2150 2149

6GUVQPG 4QO /WPVQPK )TQUUQ 4QO /WPVQPK

2151

2149

*ÒDUEJG 2CVKPC XQT\ÒINKEJ 5GJT UEJÌP

2153

2152

#NGZCPFGT 8+++ 2KCUVTC # + 4QO &CX /WPVQPK 4 #VVTCMVKXG 2CVKPC MN &TWEMUVGNNGP CWH FGT 8QTFGTUGKVG UGJT UEJÌP

2KCUVTC # + 4QO &CX /WPVQPK 6GUVQPG # + 4QO /WPVQPK

*ÒDUEJG 2CVKPC HCUV XQT\ÒINKEJ *ÒDUEJG 2CVKPC XQT\ÒINKEJ

2154

2155

6GUVQPG #0 ++ 4QO /WPVQPK 4 *ÒDUEJG 2CVKPC (GNFGT HGKP IGIN·VVGV UGJT UEJÌPpXQT\ÒINKEJ

$TQP\GOGFCKNNG #0 + XQP ) 1TVQNCPK CWH FKG 5KGIG 8GPGFKIU ÒDGT FKG 6ÒTMGP WPF FKG $GHTGKWPI XQP /QTGC 2GNQRQPPGU $TWUVDKNF T KO IGKUVNKEJGP 1TPCV <YGK IGHGUUGNVG -TKGIUIGHCPIGPG UKV\GP GKPCPFGT IGIGPÒDGT WOJGT 6TQRJ·GP QDGP /CFQPPC OKV -KPF KP 9QNMGP OO /KUGNNK (CUV 5VGORGNINCP\

145

2156

$TQP\GOGFCKNNG RQUVJWO XQP ( FG 5V 7TDCKP CWH FKG )TWPFUVGKPNGIWPI UGKPGU )TCDOCNU $TWUVDKNF N KO IGKUVNKEJGP 1TPCV #PUKEJV FGU )TCDOQPWOGPVGU FGU 2CRUVGU KO 2GVGTUFQO OO /KUGNNK 8QT\ÒINKEJ

2157

2158

+PPQEGP\ :++ 2KCUVTC # ++ 4QO &CX /WPVQPK 4 (GKPG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

2KCUVTC # ++ 4QO /WPVQPK

4 *ÒDUEJG 2CVKPC MN <CKPGPFG XQT\ÒINKEJ

2160 2159

2KCUVTC # ++ 4QO /WPVQPK )KWNKQ # ++ 4QO /WPVQPK

2161

146

2KCUVTC #0 +++ 4QO /WPVQPK 2KCUVTC # ++++ 4QO &CX /WPVQPK

4 5GJT UEJÌP *ÒDUEJG 2CVKPC XQT\ÒINKEJ

2162

44 #VVTCMVKXG 2CVKPC HCUV XQT\ÒINKEJ 4 (GKPG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

2163

2164

6GUVQPG # ++++ 4QO /WPVQPK

5GJT UEJÌP

2KCUVTC #0 8 4QO /WPVQPK 5GJT CVVTCMVKXGU 'ZGORNCT OKV JÒDUEJGT 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

2KCUVTC #0 8 #0 8++ 4QO /WPVQPK 5VÒEM (GNFGT IGIN·VVGV Z 5EJTÌVNKPIHGJNGT Z HCUV UGJT UEJÌP

2166

2168

)KWNKQ # 8 4QO /WPVQPK 2KCUVTC #0 8 4QO &CX /WPVQPK 6GUVQPG # 8 4QO /WPVQPK

*ÒDUEJG 2CVKPC YKP\ -TCV\GT XQT\ÒINKEJ 4 )GNQEJV UQPUV UGJT UEJÌPpXQT\ÒINKEJ (GKPG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

2170 2169

2169

2KCUVTC #00 8+ 4QO &CX #PO /WPVQPK 5EJTÌVNKPIUHGJNGT CWH FGT 4ÒEMUGKVG UEJÌPpUGJT UEJÌP

2KCUVTC #0 8++ 4QO /WPVQPK

5GJT UEJÌP

2171

2172

2173

2172

)TQUUQ 4QO /WPVQPK

(GKPG 2CVKPC HCUV XQT\ÒINKEJ

2KCUVTC #0 8+++ 4QO &CX /WPVQPK 4 (GKPG 2CVKPC (GNFGT FGT 8QTFGTUGKVG OKP IGIN·VVGV UGJT UEJÌP

)TQUUQ 4QO /WPVQPK

2TCEJVGZGORNCT (GKPG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

147

2174

2175

2176

2KCUVTC # 8+++ 4QO &CX /WPVQPK

2KCUVTC # 8+++ 4QO /KV *CHGP XQP #P\KQ KP FGT 4ÒEMUGKVGPFCTUVGNNWPI &CX /WPVQPK 5GNVGP DGUQPFGTU KP FKGUGT 'TJCNVWPI 5GJT CVVTCMVKXGU XQT\ÒINKEJGU 'ZGORNCT

2KCUVTC # +: 4QO /WPVQPK

2177

4 (GKPG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

4 *ÒDUEJG 2CVKPC UGJT UEJÌP

2180

2178

2KCUVTC # +: 4QO /KV FGT IGÌHHPGVGP *GKNKIGP 2HQTVG KP FGT 4ÒEMUGKVGPFCTUVGNNWPI &CX /WPVQPK 4 (GKPG 2CVKPC MN 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

2KCUVTC # +: 4QO /KV FGT IGÌHHPGVGP *GKNKIGP 2HQTVG KP FGT 4ÒEMUGKVGPFCTUVGNNWPI &CX /WPVQPK 4 *GPMGNURWT UGJT UEJÌP

.QV 6GUVQPG # 8++ 4QO )KWNKQ # +: 4QO 5EWFQ # ++ #XKIPQP )TQUUQ 4QO -W $CKQEEQ Q , )WDDKQ 5VÒEM /GKUV UGJT UEJÌP

$TQP\GOGFCKNNG # +8 XQP ) *COGTCPK CWH FKG 8QNNGPFWPI FGU )GTKEJVUIGD·WFGU 2CNC\\Q .WFQ XKUK $TWUVDKNF T KO IGKUVNKEJGP 1TPCV #PUKEJV FGU )GD·WFGU FCXQT 2KC\\C OKV HNCPKGTGPFGP 2CUUCP VGP 4GKVGTP WPF &TQUEJMGP OO /KUGNNK 9KP\ +PXGPVCTPWOOGT HCUV 5VGORGNINCP\

&GT 2CNC\\Q JGWVG 2CNC\\Q /QPVGEKVQTKQ KUV JGWV\WVCIG FCU KVCNKGPKUEJG #DIGQTFPGVGPJCWU

148

2181

2182

$TQP\GOGFCKNNG #0 8 XQP ( FG 5V 7TDCKP CWH UGKP 2QPVKHKMCVULWDKN·WO $TWUVDKNF T KO IGKUVNKEJGP 1TPCV 'PIGN OKV UVTCJNGPFGO *GT\GP UVGJV X X KP FGT 4GEJVGP 5VCD KP FGT .KPMGP .QT DGGTMTCP\ OO /KUGNNK 5GJT UEJÌPpXQT\ÒINKEJ 5GFKUXCMCP\ 2KCUVTC 4QO &CX /WPVQPK *GPMGNURWT IGUVQRHVGU .QEJ UGJT UEJÌP

2183

2184

2185

%NGOGPU :+ 2KCUVTC # ++ 4QO CWH FKG 4GUVCWTCVKQP FGT $CUKNKEC FGT TÌOKUEJGP -KTEJG 5 /CTKC KP 6TCUVGXGTG &CX /WPVQPK 4 )GUVQRHVGU .QEJ UGJT UEJÌP

2KCUVTC # +++ 4QO /KV FGT -KTEJG 5 6GQFQTQ CN 2CNCVKPQ KP FGT 4ÒEMUGKVGPFCTUVGNNWPI &CX /WPVQPK 44 *GPMGNURWT (GNFGT IGIN·VVGV 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

2KCUVTC #0 +8 4QO &CX /WPVQPK 4 9KP\ *GPMGNURWT MN 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

2186

2KCUVTC #00 8+ 4QO &CX /WPVQPK

4 (GKPG 2CVKPC UGJT UEJÌP

149

2188

2187

6GUVQPG # 8+ 4QO /WPVQPK 6GUVQPG #00 8++ 4QO /WPVQPK

5GJT UEJÌP 5GJT UEJÌP

2190 2189

2189

2KCUVTC #0 8+++ 4QO /WPVQPK

*ÒDUEJG 2CVKPC XQT\ÒINKEJ

2KCUVTC #00 :+ 4QO /KV FGT %KXKVC %CUVGNNCPC $TÒEMG KP FGT 4ÒEMUGKVGPFCTUVGNNWPI &CX /WPVQPK 4 9KP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

2192

2193

2191

2194

2KCUVTC #0 :+++ 4QO #PUKEJV FGU $TWPPGPU WPF 1DGNKUMGP CWH FGO 2NCV\ XQT FGO 2CP VJGQP 2KC\\C 4QVQPFC &CX /WPVQPK 44 (GKPG 2CVKPC (GNF FGT 4ÒEMUGKVG HGKP IGIN·VVGV UGJT UEJÌPpXQT\ÒINKEJ

)KWNKQ #0 :+8 4QO /WPVQPK 2KCUVTC # :8 4QO &CX /WPVQPK 6GUVQPG #0 :8++ 4QO /WPVQPK

.QV &KXGTUG -NGKPOÒP\GP CWU FGT <GKV XQP %NGOGPU :+ XQO -W 3WCVVTKPQ DKU \WO )KWNKQ FCTWPVGT XKGNG )TQUEJGP Z WPF GKPKIG *CNDITQUEJGP 5VÒEM /GKUV UGJT UEJÌP

150

(GKPG 2CVKPC HCUV XQT\ÒINKEJ 4 *GPMGNURWT UGJT UEJÌP 5GJT UEJÌP

2196

2197

5KNDGTOGFCKNNG #0 +++ XQP ( 5CKPV 7TDCKP CWH FKG 'KPYGKJWPI FGU PGWGP #SW·FWMVU XQP %KXKVC XGEEJKC $TWUVDKNF T KO IGKUVNKEJGP 1TPCV 6GKNCPUKEJV FGU PGWGP #SW·FWMVU FGT KP GKPGO $TWPPGP KO *CHGP XQP %KXKVCXGEEJKC GPFGV OO I /KUGNNK 5NI $TGVVCWGT 44 *ÒDUEJG 2CVKPC (GNF FGT 8QTFGTUGKVG IGIN·VVGV UGJT UEJÌPpXQT\ÒINKEJ

$TQP\GOGFCKNNG #0 :+ XQP ' *COGTCPK IGIGP FGP -TKGI $TWUVDKNF T KO IGKUVNKEJGP 1TPCV 'EENGUKC OKV 2CRUVMTGW\ UVGJV T WPF YGKUV CWH GKPG 5EJNCEJVU\GPG PGDGP KJT 2WVVGP CNU 5EJKNF WPF 6K CTCMPCRRGP QDGP T )QVVGUCTO OKV (NCOOGPUEJYGTV CWU 9QNMGP OO /KUGNNK 8QT\ÒINKEJp5VGORGNINCP\

2199

2198

5KNDGTOGFCKNNG WPUKIPKGTV CWH FKG 7PVGTUVÒV\WPI FGT 0KGFGTNCPFG HÒT FGP UGKPGU #OVGU GPVJQDGPGP 'T\DKUEJQH 2GVTWU %QFFG $TWUVDKNF FGU 'T\DKUEJQHU T KO IGKUVNKEJGP 1TPCV 0KGFGTN·PFKUEJGT .ÌYG WPF .COO )QVVGU XQT FGT 5VCFVCPUKEJV XQP 4QO OKV FGO 2GVGTUFQO X .QQP +8 5 2TCEJVGZGORNCT OKV HGKPGT 2CVKPC 8QT\ÒINKEJ 2GVGT %QFFG #OUVGTFCO Ó 7VTGEJV UVWFKGTVG 2JKNQUQRJKG WPF 6JGQNQIKG KP .ÌYGP WPF YWTFG 1TCVQTKCPGT WPF 2TKGUVGT #RQUVQNKUEJGT 8KMCT XQP *QNNCPF WPF 6KVWNCTGT\DKUEJQH XQP 5GDCUVG WPF 'T\DKUEJQH XQP 7VTGEJV 'T YWTFG KP 4QO FGU ,CPUGPKUOWU XGTF·EJVKIV MQPPVG UKEJ CDGT GTHQNITGKEJ TGEJVHGTVK IGP #NU FKG ,GUWKVGP KJP GTPGWV CPMNCIVGP CPVYQTVGVG %QFFG WPF IKPI PCEJ 4QO WO UKEJ \W TGEJVHGTVKIGP &C GT UKEJ YGKIGTVG FCU (QTOWNCT #NGZCPFGTU 8++ \W WPVGT\GKEJPGP YWTFG GT KO ,CJTG XQP 2CRUV %NGOGPU :+ XQTN·WHKI UWURGPFKGTV MGJTVG PCEJ *QNNCPF \WTÒEM WPF YWTFG GPFIÒNVKI CDIGUGV\V

2202 2201

2201

+PPQEGP\ :+++ )TQUUQ #0 +++ 4QO /WPVQPK

$GPGFKMV :+++ .QV )TQUUQ # + 4QO -W $QNQIPKPQ $QNQIPC -W 3WCVVTKPQ Q , )WDDKQ Z &C\W 5GFKUXCMCP\ )KWNKQ 4QO 5VÒEM -N *GPMGNURWT Z UEJÌPpUGJT UEJÌP

5GJT UEJÌP

$TQP\GOGFCKNNG XQP ' *COGTCPK CWH FKG 'PVJÒNNWPI FGU -CTN &GPMOCNU CO 2GVGTUFQO $TWUV DKNF T KO IGKUVNKEJGP 1TPCV #PUKEJV FGU 4GKVGTUVCPFDKNFU -CTNU FGU )TQGP CWH FGO 5QEMGN KUV FKG -CKUGTMTÌPWPI FWTEJ 2CRUV .GQ +++ KO ,CJT FCTIGUVGNNV OO /KUGNNK 8QT\ÒINKEJ

%NGOGPU :++ 2KCUVTC # +8 4QO /WPVQPK

(GKPG 2CVKPC XQT\ÒINKEJ

151

2204

2203

2205

2207

2206

6GUVQPG #0 ++++ 4QO /WPVQPK 6GUVQPG #0 ++++ 4QO /WPVQPK 6GUVQPG #0 8 4QO /WPVQPK 6GUVQPG #0 8 4QO /WPVQPK 6GUVQPG 4QO /WPVQPK

.QV 6GUVQPG 4QO )KWNKQ #0 8 4QO )TQUUQ 4QO -W $CKQEEQ )WDDKQ &C\W 5GFKUXCMCP\ 4QO 8CTKCPVGP 5VÒEM -N *GPMGNURWT Z OGKUV UGJT UEJÌP

2209

*ÒDUEJG 2CVKPC XQT\ÒINKEJ *ÒDUEJG 2CVKPC HCUV XQT\ÒINKEJ 8QT\ÒINKEJ *ÒDUEJG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ 5GJT UEJÌP

2210

2212

$TQP\GOGFCKNNG #0 +8 XQP ' WPF OÌINKEJGTYGKUG 1 *COGTCPK CWH FKG #WUUVGNNWPI CPVKMGT 5VCVWGP CWH FGO -CRKVQN $TWUVDKNF T KO IGKUVNKEJGP 1TPCV /KPGTXC OKV *GNO WPF 5EJYGTV UKV\V N CWH 5EJKNF KP FGT CWUIGUVTGEMVGP 4GEJVGP J·NV UKG GKPG #DWPFCPVKC CWH FGO 5EJKNF DGHKPFGV UKEJ FKG ,CJTGU \CJN ÒDGT 9ÌNHKP OO $ÌTPGT FQTV KP 5KNDGT 2CVTKIPCPK 2TCEJVGZGORNCT (CUV 5VGORGNINCP\

$GPGFKMV :+8 5EWFQ TQOCPQ #0 :+8 4QO &CX /WPVQPK *ÒDUEJG 2CVKPC UGJT UEJÌP

.QV 5EWFQ )KWNKQ # :8++ 4QO %CTNKPQ # 8+++ 4QO %CTNKPQ FC DQNQIPKPK $QNQIPC -W 3WCVVTKPQ Q , )WDDKQ WPF 4CXGPPC 5VÒEM 5GJT UEJÌP

$TQP\GOGFCKNNG Q , XQP 1 *COGTCPK CWH FCU *GKNKIG ,CJT $TWUVDKNF T KO IGKUVNKEJGP 1TPCV 2TQ\GUUKQP FT·PIV FWTEJ FKG *GKNKIG 2HQTVG OO 2CVTKIPCPK 8QT\ÒINKEJ

152

2214

2213

5GFKUXCMCP\ 5EWFQ TQOCPQ 4QO &CX /WPVQPK *ÒDUEJG 2CVKPC HCUV XQT\ÒINKEJ 5EWFQ TQOCPQ 4QO /WPVQPK *GPMGNURWT (GNFGT IGIN·VVGV UGJT UEJÌP

%NGOGPU :+++ .QV )TQUUQ # 8 # +: )TQUUQ # +8 -W $CKQEEQ # + -W $CKQEEQ # + Z -W 3WCVVTKPQ # + CNNG CWU FGT /ÒP\UV·VVG 4QO 5VÒEM 5GJT UEJÌP

2216 2217

2217

%NGOGPU :+8 6GUVQPG # ++ 4QO /WPVQPK

5KNDGTOGFCKNNG XQP , . 1GZNGKP CWH FKG 8GTVTGKDWPI FGT ,GUWKVGP $TWUVDKNF T KO IGKUVNKEJGP 1TPCV OKV UGIPGPFGT 4GEJVGP %JTKUVWU 2GVTWU WPF 2CWNWU UVGJGP T WPF XGTVTGKDGP FKG ,GUWKVGP OO I 2CVTKIPCPK 5RKPM *ÒDUEJG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

5GFKUXCMCP\ 5EWFQ TQOCPQ 4QO 5EWFQ )KWNKQ 4QO /WPVQPK 5VÒEM 8QT\ÒINKEJ WPF UGJT UEJÌP

*ÒDUEJG 2CVKPC UGJT UEJÌP

2219

2220

2KWU 8+ 5EWFQ TQOCPQ # +++ 4QO /WPVQPK 5EWFQ TQOCPQ # 8+ 4QO &CX /WPVQPK 6GUVQPG # :+ 4QO /WPVQPK

5GJT UEJÌP *ÒDUEJG 2CVKPC UGJT UEJÌP 5GJT UEJÌP

.QV 5EWFQ TQOCPQ # 8+ 4QO -W $CKQEEJK 5CORKGVTKPQ 2GTWIKC Z -W $CKQEEQ # :8++ 4QO -W 3WCVVTKPQ $QNQIPC 5VÒEM 5GJT UEJÌP WPF DGUUGT

153

2224

2223

4ÌOKUEJG 4GRWDNKM 5EWFQ TQOCPQ Q , 4QO &CX /WPVQPK *ÒDUEJG 2CVKPC YKP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

5EWFQ # ++ 4QO 2CICPK D

*ÒDUEJG 2CVKPC HCUV XQT\ÒINKEJ

2227

2225

2KWU 8++ 5EWFQ #0 +++ 4QO &CX 2CICPK C

.QV 5EWFQ TQOCPQ # :8++ $ $QNQIPC )KWNKQ :8+++ ,CJTGU\CJN KO 5VGORGN CWU IG·PFGTV $ $QNQIPC -W $CKQEEQ 4QO #001 :8+ $ $QNQIPC -W $CKQEEQ 4QO 5VÒEM (CUV UGJT UEJÌP WPF UGJT UEJÌP

5KNDGTOGFCKNNG #0 + XQP ) *COGTCPK CWH UGKPGP 'KP\WI KP 4QO $TWUVDKNF N KO IGKUVNKEJGP 1TPCV #PUKEJV FGU 6TKWORJVQTGU OO I 4KPCNFK 4 5GJT UEJÌPpXQT\ÒINKEJ

2228

2229

5GJT UEJÌP

2230

5KNDGTOGFCKNNG Q , XQP . )GPPCTK 2TGKUOGFCKNNG FGU 4ÌOKUEJGP 5GOKPCTU )GMTGW\VG 5EJNÒUUGN CWH 5EJKTO <YGK <GKNGP 5EJTKHV KP .QTDGGT\YGKIGP OO I 4KPCNFK 2TCEJVGZGORNCT (CUV 5VGORGNINCP\

5KNDGTOGFCKNNG #0 8 XQP ) *COGTCPK CWH FKG #DUEJCHHWPI FGT <ÌNNG $TWUVDKNF N KO IGKUVNKEJGP 1TPCV %GTGU UKV\V N OKV $NÒVGP CWH FGO 5EJQ WOJGT 2TQTC GKP OKV JTGP IGHÒNNVGT $GJ·NVGT WPF (ÒNNJQTP OO I 4KPCNFK 8QT\ÒINKEJp5VGORGNINCP\

5KNDGTOGFCKNNG #0 8++ XQP ) *COGTCPK CWH FKG 'TÌHHPWPI FGT 5CNKPG XQP 6CTSWKPKC $TWUVDKNF N KO IGKUVNKEJGP 1TPCV #NNGIQTKUEJG YGKDNKEJG )GUVCNV UVGJV N KP FGT 4GEJVGP 5CN\UEJCNG KO NKPMGP #TO (ÒNNJQTP XQT KJT 5CN\JCWHGP WPF 5EJCWHGN OO I 4KPCNFK -N 4CPFHGJNGT XQT\ÒINKEJp5VGORGNINCP\

154

2231

5KNDGTOGFCKNNG #0 :8 XQP ) 2CUKPCVK CWH UGKPG 4ÒEMMGJT CWU HTCP\ÌUKUEJGT )GHCPIGP UEJCHV $TWUVDKNF T KO IGKUVNKEJGP 1TPCV .GGTGT 2CRUVVJTQP \W FGP 5GKVGP UVGJGP %QUOCU WPF &COKCP DGKFG OKV .CDCTWO OO I 4KPCNFK 4 #VVTCMVKXG 2CVKPC XQT\ÒINKEJ

5KNDGTOGFCKNNG #001 :8++ XQP * ( $TCPFV CWH FKG 9KGFGTJGTUVGNNWPI FGU -KTEJGP UVCCVGU KO ,CJTG $TWUVDKNF T KO IGKUVNKEJGP 1TPCV &KG UGEJU 2GTUQPKHKMCVKQPGP FGT R·RUVNKEJGP 2TQXKP\GP UVGJGP PGDGPGKPCPFGT X X OO I 4KPCNFK 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

2233

2232

2234

5KNDGTOGFCKNNG #00 :8+++ XQP 6 /GTECPFGVVK CWH FKG 4ÒEMHÒJTWPI FGU &GPMOCNU FGT .CQMQQPITWRRG CWU 2CTKU $TWUVDKNF JCNDN KO IGKUVNKEJGP 1TPCV #PUKEJV FGU /QPWOGPVU OO I 4KPCNFK (GKPG 2CVKPC XQT\ÒINKEJ

&KG .CQMQQPITWRRG GKPG ITKGEJKUEJG /CTOQTITWRRG YWTFG XGTOWVNKEJ WO X %JT XQP FGP TJQFKUEJGP $KNFJCW GTP *CIGUCPFGT 2QN[FQTQU WPF #VJCPQFQTQU IGUEJCHHGP 5KG UVGNNV FGP VTQLCPKUEJGP 2TKGUVGT .CQMQQP FCT FGT UGKPG .CPFUNGWVG XQT FGP )TKGEJGP IGYCTPV JCV WPF FCHÒT \WUCOOGP OKV UGKPGP 5ÌJPGP XQP \YGK 5EJNCPIGP IGVÌVGV YKTF &KG .CQMQQPITWRRG YWTFG CWH FGO 'USWKNKP KP 4QO YKGFGTIGHWPFGP WPF YCT UGKVFGO KP R·RUVNKEJGO $GUKV\ 'U YCT FCU DGMCPPVGUVG FGT -WPUVYGTMG FKG 0CRQNGQP CWU 4QO PCEJ 2CTKU XGTUEJNGRRV JCVVG WPF FKG KO ,CJTG \WTÒEM PCEJ 4QO IGUEJKEMV YWTFGP &KG 4ÒEMUGKVGPFCTUVGNNWPI FGT XQTNKGIGPFGP /GFCKNNG \GKIV PQEJ FKG CNVG -QP UVTWMVKQP FGU &GPMOCNU DGK FGO FKG 2GTUQPGP FKG #TOG JQEJUVTGEMGP YCU KO ,CJTG CDIG·PFGTV YWTFG

5KNDGTOGFCKNNG #0 :: XQP 5 2CUUCOQPVK CWH FKG )TÒPFWPI FGT -QPITGICVKQP FGT -ÒP UVG $TWUVDKNF T KO IGKUVNKEJGP 1TPCV #TEJKVGEVWTC UVGJV X X KP FGT 4GEJVGP <KTMGN NP FGT .KPMGP 2NCP \W KJTGP (ÒGP NCIGTP FGT (NWIQVV 6KDGT OKV (ÒNNJQTP WPF FKG 5VTCGPIÌVVKP 8KC OKV 4CF KO *KPVGTITWPF 6GORGN OO I 4KPCNFK 9KP\ 4CPFHGJNGT XQT\ÒINKEJ

2235

2236

5KNDGTOGFCKNNG #00 ::+ XQP 6 /GTECPFGVVK CWH FGP $GUWEJ FGU -CKUGTU (TCP\ + XQP ¤UVGTTTGKEJ KP 4QO KO ,CJTG $TWUVDKNF N KO IGKUVNKEJGP 1TPCV 2CRUV WPF -CKUGT IGJGP \WT 7O CTOWPI CWHGKPCPFGT \W PGDGP FGO -CKUGT UVGJV 2TKP\GUUKP -CTQNKPG N QHHGPG 6ÒT FWTEJ FKG FGT 2G VGTUFQO \W UGJGP KUV OO I 4KPCNFK 5NI /QPVGPWQXQ *ÒDUEJG 2CVKPC MN 4CPFHGJNGT XQT\ÒINKEJ

5KNDGTOGFCKNNG #001 ::++ XQP 6 /GTECPFGVVK CWH FKG #WHHKPFWPI WPF $GUV·VKIWPI FGU )TCDGU XQP (TCP\ XQP #UUKUK KO ,CJTG $TWUVDKNF T KO IGKUVNKEJGP 1TPCV &GT 2CRUV UVGJV N WPF ÒDGT YCEJV FKG 7PVGTUWEJWPI CO )TCD FGU *GKNKIGP OO I 4KPCNFK 4 8QT\ÒINKEJp5VGORGNINCP\

155

2237

2238

5KNDGTOGFCKNNG #001 ::+++ XQP ) %GTDCTC CWH FKG 'TYGKVGTWPI FGU 8CVKMCPKUEJGP /WUGWOU $TWUVDKNF T KO IGKUVNKEJGP 1TPCV +PPGPCPUKEJV FGU 'TYGKVGTWPIUVTCMVGU FGU 8CVKMCPKUEJGP /WUGWOU OO I 4KPCNFK -N 4CPFHGJNGT XQT\ÒINKEJ

5KNDGTOGFCKNNG #001 ::+8 XQP ) )KTQOGVVK CWH FKG 0GWIGUVCNVWPI FGT 2KC\\C FGN 2QRQNQ $TWUVDKNF N KO IGKUVNKEJGP 1TPCV &KG #PUKEJV FGT 2KC\\C KP PGWGT (QTO OO I 4KPCNFK 9KP\ -TCV\GT HCUV XQT\ÒINKEJ

.QV $TQP\GOGFCKNNG #0 +8 XQP ) *COGTCPK CWH FKG 9KGFGTCWHPCJOG FGT /ÒP\RT·IWPI $TQP \GOGFCKNNG #0 8 XQP ) *COGTCPK CWH FKG #DUEJCHHWPI FGT <ÌNNG $TQP\GOGFCKNNG #0 8+ XQP ) *COGTCPK CWH UGKPG 4ÒEMMGJT CWU 2CTKU 4KPCNFK 5VÒEM 8QT\ÒINKEJ

.QV 8GTIQNFGVG $TQP\GOGFCKNNG #001 8+++ XQP 6 /GTECPFGVVK CWH FKG -CPQPKUKGTWPIGP FGU ,CJTGU $TQP\GOGFCKNNG #00 ::+ XQP 6 /GTECPFGVVK CWH FGP $GUWEJ FGU -CKUGTU (TCP\ + XQP ¤UVGTTGKEJ KP 4QO KO ,CJTG $TQP\GOGFCKNNG #001 ::+8 XQP ) )KTQOGVVK CWH FKG )G UVCNVWPI FGT 2KC\\C FGN 2QRQNQ 4KPCNFK 5VÒEM 8GTIQNFGV Z XQT\ÒINKEJ

.QV $TQP\GOGFCKNNG #0 :8 XQP ) 2CUKPCVK CWH UGKPG 4ÒEMMGJT CWU HTCP\ÌUKUEJGT )G HCPIGPUEJCHV $TQP\GOGFCKNNG #001 :+: XQP 5 2CUUCOQPVK CWH FGP PGWGP <KXKNTGEJVU -QFGZ $TQP\GOGFCKNNG #0 :: XQP 5 2CUUCOQPVK CWH FKG )TÒPFWPI FGT -QPITGICVKQP FGT -ÒP UVG 4KPCNFK 5VÒEM 8QT\ÒINKEJ

2242

2243

5GFKUXCMCP\ 5EWFQ $ $QNQIPC 2CICPK 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

5EWFQ )KWNKQ $ $QNQIPC 2CICPK 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC HCUV 5VGORGNINCP\

2244

2245

.GQ :++ 5EWFQ #001 ++ 4 4QO &CX 2CICPK *GTTNKEJG 2CVKPC XQT\ÒINKEJ XQT\ÒINKEJp5VGORGNINCP\

5KNDGTOGFCKNNG #001 + XQP ) %GTDCTC CWH FKG #PMÒPFKIWPI FGU *GKNKIGP ,CJTGU $TWUVDKNF T KO IGKUVNKEJGP 1TPCV 5V 2GVTWU UVGJV X X OKV $WEJ KP FGT .KPMGP WPF 5EJNÒUUGN KP FGT GTJQDGPGP 4GEJVGP OO I 4KPCNFK 9KP\ 5VGORGNHGJNGT CO 4CPF XQT\ÒINKEJ

156

2246

2248

5KNDGTOGFCKNNG #0 +++ XQP ) %GTDCTC CWH UGKPGP $GUWEJ KO *QURKVCN FK 5CPVQ 5RKTKVQ $TWUVDKNF N KO IGKUVNKEJGP 1TPCV &GT 2CRUV KP $GINGKVWPI XQP T\VGP WPF FGT 2QNK\GK DGUWEJV GKPGP -TCPMGPUCCN WPF UGIPGV GKPGP -TCPMGP FGT GKPG DTGPPGPFG -GT\G J·NV OO I 4KPCNFK 5NI $TGVVCWGT (GKPG 2CVKPC YKP\ -TCV\GT XQT\ÒINKEJ

$TQP\GOGFCKNNG #0 +++ XQP ) %GTDCTC CWH UGKPGP $GUWEJ KO *QURKVCN FK 5CPVQ 5RKTKVQ $TWUVDKNF N KO IGKUVNKEJGP 1TPCV &GT 2CRUV KP $GINGKVWPI XQP T\VGP WPF FGT 2QNK\GK DGUWEJV GKPGP -TCPMGPUCCN WPF UGIPGV GKPGP -TCPMGP FGT GKPG DTGPPGPFG -GT\G J·NV OO 4KPCNFK 5NI $TGVVCWGT 8QT\ÒINKEJp5VGORGNINCP\

5KNDGTOGFCKNNG #001 +8 XQP ) )KTQOGVVK CWH FKG #WHUVGNNWPI WPF 9GKJG FGU NKDGTKCPK UEJGP $CRVKUVGTKWOU $TWUVDKNF N KO IGKUVNKEJGP 1TPCV #PUKEJV FGU 6CWHDGEMGPU XQP 5 /CTKC /CI IKQTG OO I 4KPCNFK *ÒDUEJG 2CVKPC MN 4CPFHGJNGT XQT\ÒINKEJ

2249

2250

5KNDGTOGFCKNNG #001 +8 XQP ) )KTQOGVVK 2T·OKG HÒT FKG #WFKVQTGP FGU )[OPCUKWOU $TWUVDKNF N KO IGKUVNKEJGP 1TPCV &TGK <GKNGP 5EJTKHV KP .QTDGGTMTCP\ OO I 2CVTKIPCPK 4KPCNFK *ÒDUEJG 2CVKPC MN 4CPFHGJNGT XQT\ÒINKEJ

5KNDGTOGFCKNNG #001 8 XQP ) %GTDCTC CWH FKG 'TTKEJVWPI FGT )GPIC -CRGNNG $TWUVDKNF T KO IGKUVNKEJGP 1TPCV #PUKEJV FGT -CRGNNG KP FGT )TQVVG FCXQT CPMQOOGPFG 2KNIGT OO I 4KPCNFK 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\ 5VGORGNINCP\

.QV $TQP\GOGFCKNNG #001 + XQP ) %GTDCTC CWH FKG #PMÒPFKIWPI FGU *GKNKIGP ,CJTGU 5KNDGTOGFCKNNG #001 ++ XQP ) )KTQOGVVK CWH FKG ¤HHPWPI FGT *GKNKIGP 2HQTVG UQYKG GKP \YGKVGU 'ZGORNCT KP $TQP\G 4KPCNFK Z 5VÒEM 9KP\ -TCV\GT Z XQT\ÒINKEJ

2253 2252

2252

5GFKUXCMCP\ 5EWFQ 4 4QO &CX 2CICPK 4 *GTTNKEJG 2CVKPC YKP\ 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJp5VGORGNINCP\

5EWFQ $ $QNQIPC 2CICPK

*ÒDUEJG 2CVKPC UGJT UEJÌP

157

2254

2255

2KWU 8+++ 5EWFQ #001 + 4QO &CX 2CICPK 4 (GKPG 2CVKPC XQT\ÒINKEJ $CKQEEJK 6GUVQPG #001 ++ 4QO 2CICPK *GTTNKEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

2258

2256

2255

2259

5KNDGTOGFCKNNG #001 + XQP ) )KTQOGVVK CWH UGKPG 'TITKHHGPJGKV PCEJ FGT 9CJN $TWUVDKNF N KO IGKUVNKEJGP 1TPCV 'EENGUKC UVGJV X X OKV 5VTCJNGPMTQPG -TGW\ WPF -GNEJ \W KJTGP 5GKVGP UVGJGP \YGK 2WVVGP OKV 6KCTC D\Y 5EJNÒUUGNP OO I 4KPCNFK 9KP\ -TCV\GT XQT\ÒINKEJ

0CEJ $GMCPPVICDG FGU 9CJNGTIGDPKUUGU KUV 2KWU 8+++ CO )TCD FGU JGKNKIGP 2GVTWU KP 6T·PGP CWUIGDTQEJGP

$TQP\GOGFCKNNG #001 + XQP ) )KTQOGVVK CWH UGKPG 'TITKHHGPJGKV PCEJ FGT 9CJN $TWUVDKNF N KO IGKUVNKEJGP 1TPCV 'EENGUKC UVGJV X X OKV 5VTCJNGPMTQPG -TGW\ WPF -GNEJ \W KJTGP 5GKVGP UVGJGP \YGK 2WVVGP OKV 6KCTC D\Y 5EJNÒUUGNP OO 4KPCNFK 8QT\ÒINKEJp5VGORGNINCP\

5KNDGTOGFCKNNG #001 + XQP ) )KTQOGVVK CWH UGKPG 'KPUGV\WPI $TWUVDKNF N KO IGKUVNKEJGP 1TPCV (ÒPH <GKNGP 5EJTKHV KP GKPGO -TCP\ CWU 'KEJGP WPF .QTDGGT\YGKIGP OO I 2CVTKIPCPK C 4KPCNFK (GKPG 2CVKPC HCUV XQT\ÒINKEJ

5KNDGTOGFCKNNG #001 ++ XQP ) %GTDCTC CWH UGKP IGTGEJVGU WPF HTKGFNKEJGU 2QPVKHKMCV $TWUVDKNF N KO IGKUVNKEJGP 1TPCV ,WUVKVKC UVGJV X X OKV 5EJYGTV WPF 9CCIG JKPVGT KJT .ÌYG T N 2CZ T %JG TWD OKV 6KCTC WPF 5EJNÒUUGNP OO I 4KPCNFK 4 *ÒDUEJG 2CVKPC XQT\ÒINKEJ

2261 2260

158

5GFKUXCMCP\ 5EWFQ $ $QNQIPC &CX 2CICPK (GKPG 2CVKPC UGJT UEJÌP $CKQEEJK 6GUVQPG $ $QNQIPC 2CICPK 9KP\ 4CPFHGJNGT XQT\ÒINKEJp5VGORGNINCP\

2262

2265

2266

)TGIQT :8+ 5EWFQ #0 + $ $QNQIPC &CX 2CICPK #VVTCMVKXG 2CVKPC XQT\ÒINKEJGU 'ZGORNCT 5EWFQ # +8 4QO &CX 2CICPK D (GKPG 2CVKPC UGJT UEJÌP 5EWFQ # +8 4QO &CX 2CICPK D 5GJT UEJÌP $CKQEEJK 5EWFQ # +8 4 4QO 2CICPK *GTTNKEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\ 5EWFQ #0 :8 4 4QO &CX 2CICPK 9KP\ 4CPFHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

.QV $CKQEEJK 5EWFQ TQOCPQ # +8 4QO $CKQEEJK )KWNKQ 2CQNQ #:++ $ $QNQIPC $CKQEEJK # :+++ 4 4QO -W $CKQEEQ # :+ 4 4QO -W $CKQEEQ # :+++ 4 # :8 4 4QO 5VÒEM 5GJT UEJÌPpXQT\ÒINKEJ

2268

2269

2270

5KNDGTOGFCKNNG # + XQP ) )KTQOGVVK CWH UGKPG 9CJN $TWUVDKNF N KO IGKUVNKEJGP 1TPCV 'EENGUKC UVGJV N OKV 5VTCJNGPMTQPG WPF -TGW\ FGP (W CWH GKPGP CO $QFGP NKGIGPFGP 6GWHGNUFTCEJGP IGUVGNNV XQT KJT 2QUVCOGPV OKV 6KCTC OO I 4KPCNFK (CUV 5VGORGNINCP\

5KNDGTOGFCKNNG #0 ++ XQP ) %GTDCTC IGIGP FKG TÌOKUEJG 4GXQNWVKQP $TWUVDKNF N KO IGKUVNKEJGP 1TPCV 'EENGUKC OKV *GNO 5RGGT WPF 5EJKNF UVGJV JCNDT N NCIGTV FGT (NWIQVV 6KDGT T HNKGJGPFGT 4KGUG OKV 5EJNCPIGPDGKPGP KO *KPVGTITWPF 2GVGTUFQO OO I 4KPCNFK *ÒDUEJG 2CVKPC 4CPFHGJNGT XQT\ÒINKEJ

5KNDGTOGFCKNNG #001 +++ XQP ) )KTQOGVVK CWH FKG (TKGFGPUNKGDG WPF FKG (TÌOOKIMGKV $TWUVDKNF T KO IGKUVNKEJGP 1TPCV 'EENGUKC OKV 5VTCJNGPMTQPG WPF -TGW\ UVGJV X X FGP -QRH PCEJ T IGYCPFV WPF PKOOV FKG PGDGP KJT UVGJGPFG 2CZ CP FKG *CPF OO I 4KPCNFK (GKPG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

159

2271

2272

5KNDGTOGFCKNNG #0 +8 XQP ) %GTDCTC CWH FKG 7ONGKVWPI FGU (NWUUGU #PKGPG $TWUVDKNF N KO IGKUVNKEJGP 1TPCV #PUKEJV FGU %CVKNNQ $GTIGU OKV \YGK ITQGP &WTEJUVKEJGP \WO #DNCWH FGU (NWU UGU T FCXQT NCIGTV FGT (NWIQVV #PKGPG OO I 4KPCNFK /KP 4CPFHGJNGT XQT\ÒINKEJ

7O ªDGTUEJYGOOWPIGP FWTEJ FGP (NW #PKGPG XQT\WDGWIGP YWTFG KO ,CJTG FGT &WTEJUVKEJ FGU %CVKNNQ $GTIGU DGUEJNQUUGP &KG #TDGKVGP YWTFGP \WO #DUEJNW IGDTCEJV

5KNDGTOGFCKNNG # 8 XQP ) )KTQOGVVK CWH UGKPG 5QTIG WO FKG CPVKMGP /QPWOGPVG $TWUVDKNF N KO IGKUVNKEJGP 1TPCV 5GKVGPCPUKEJV FGU -KTEJGPIGD·WFGU 5CP .QTGP\Q KP /KTCPFC OO I 4KPCNFK 8QT\ÒINKEJ

2273

2274

5KNDGTOGFCKNNG #0 8+ XQP ) %GTDCTC CWH FKG 8GTITÌGTWPI FGT 5VCFV %KXKVCXGEEJKC $TWUVDKNF N KO IGKUVNKEJGP 1TPCV &KG 5VCFVIÌVVKP %GPVWOEGNNKC UKV\V N CWH 5EJKHHUDWI KO *KPVGTITWPF .GWEJVVWTO WPF *CHGP OO I 4KPCNFK (GKPG 2CVKPC MN 4CPFHGJNGT XQT\ÒINKEJ

5KNDGTOGFCKNNG # 8++ XQP ) )KTQOGVVK CWH FCU GVTWUMKUEJG )TGIQTKCPKUEJG /WUGWO $TWUVDKNF T KO IGKUVNKEJGP 1TPCV &GT (NWIQVV 6KDGT NCIGTV N OKV (ÒNNJQTP WPF 4WFGT N NKGIV 9ÌNHKP OKV 4QOWNWU WPF 4GOWU KO *KPVGTITWPF N #PUKEJV FGU GVTWUMKUEJGP )GD·WFGU OO I 4KPCNFK 8QT\ÒINKEJ

2275

2276

5KNDGTOGFCKNNG # +: XQP ) )KTQOGVVK CWH FKG -CPQPKUKGTWPIGP FGU ,CJTGU $TWUVDKNF N KO IGKUV NKEJGP 1TPCV &KG HÒPH 0GW *GKNKIGP UVGJGP D\Y MPKGP CWH 9QNMG QDGP UVTCJNGPFGU )QVVGUCWIG OO I 4KPCNFK 8QT\ÒINKEJ

&KG PGWGP *GKNKIGP YCTGP )KQXCPPK FGNNC %TQEG CWU 5RCPKGP WPF #NHQPUQ /CTKC FG .KIWQTK (TCPEGUEQ FG )GTQPKOQ 2CEKHKEQ FC 5CP 5GXGTKPQ WPF 8GTQPKEC )KWNKCPK CWU +VCNKGP

160

5KNDGTOGFCKNNG #001 : XQP ) %GTDCTC CWH FKG PGWG -WPUVCMCFGOKG $TWUVDKNF N KO IGKUVNKEJGP 1TPCV #PUKEJV FGU #MCFGOKGIGD·WFGU OO I 4KPCNFK (GKPG 2CVKPC YKP\ -TCV\GT WPF 5VGORGNHGJNGT XQT\ÒINKEJp5VGORGNINCP\

2277

2278

5KNDGTOGFCKNNG #001 :+ XQP ) )KTQOGVVK CWH FGP 0GWDCW CO %NCWFKUEJGP #SW·FWMV #SWC %NCWFKC $TWUVDKNF T KO IGKUVNKEJGP 1TPCV #PUKEJV FGT 2QTVC /CIIKQTG OKV \YGK ITQGP 6QTDÌIGP CP FGP 2HGKNGTP #GFKMWNGP OKV )KGDGNP OO I 4KPCNFK -N (NGEMGP XQT\ÒINKEJ

5KNDGTOGFCKNNG #0 :++ XQP ) %GTDCTC CWH FKG 4GUVCWTKGTWPI FGT (GUVWPI #PEQPC $TWUVDKNF T KO IGKUVNKEJGP 1TPCV #PUKEJV FGT (GUVWPI OO I 4KPCNFK -N 4CPFHGJNGT YKP\ -TCV\GT XQT\ÒINKEJ

#PEQPC UGKV R·RUVNKEJ YCT WPF HTCP\ÌUKUEJ DGUGV\V &GT $QIGP NKPMU KP FGT 4ÒEMUGKVGP FCTUVGNNWPI FKGUGT /GFCKNNG YCT \W 'JTGP XQP 2CRUV %NGOGPU :++ GTTKEJVGV YQTFGP FGT UKEJ WO FKG 5VCFV DGUQPFGTU XGTFKGPV IGOCEJV JCVVG KPFGO GT UKG \WO (TGKJCHGP GTMN·TVG +P FKGUG (GUVWPI UQNNVGP UKEJ KO 5GRVGO DGT FKG 4GUVG FGT DGK %CUVGNHKFCTFQ IGUEJNCIGPGP R·RUVNKEJGP 6TWRRGP \WTÒEM\KGJGP WPF PCEJ \YGKV·IKIGT $GNCIGTWPI XQT FGP 2KGOQPVGUGP MCRKVWNKGTGP #O &G\GODGT YWTFGP FCPP 5VCFV WPF 2TQXKP\ XQP +VCNKGP CPPGMVKGTV

2279

2280

2281

5KNDGTOGFCKNNG # :+++ XQP ) )KTQOGVVK CWH FGP #WUDCW FGU *CHGPU XQP 6GTTCEKPC $TWUVDKNF T KO IGKUVNKEJGP 1TPCV #PUKEJV FGU *CHGPU OKV /QNG .GWEJVVWTO -CJP WPF \YGK 5GIGNUEJKHHGP OO I 4KPCNFK (GKPG 2CVKPC MN 4CPFHGJNGT XQT\ÒINKEJ

5KNDGTOGFCKNNG #0 :+8 XQP ) %GTDCTC CWH FKG 'TYGKVGTWPI FGU 5V ,CMQDU *QURKVCNU HÒT 7P JGKNDCTG $TWUVDKNF T KO IGKUVNKEJGP 1TPCV #PUKEJV FGT (CUUCFG XQP -KTEJG WPF *QURKVCNVTCMVGP OO I 4KPCNFK 5NI $TGVVCWGT -T·HVKIG 2CVKPC XQT\ÒINKEJ

5KNDGTOGFCKNNG # :8 XQP ) )KTQOGVVK CWH FKG (GTVKIUVGNNWPI FGT )CNNQTQ $TÒEMG $TWUV DKNF N KO IGKUVNKEJGP 1TPCV #PUKEJV FGT )CNNQTQ $TÒEMG OKV FGT -KTEJG 5CPVC /CTKC FK )CNNQTQ OO I 4KPCNFK (GKPG 2CVKPC YKP\ 4CPFHGJNGT XQT\ÒINKEJ

&KG )CNNQTQ $TÒEMG XGTMÒT\VG FKG 8KC #RRKC \YKUEJGP #TKEEKC WPF )GP\CPQ 5KG YWTFG KP FGP ,CJTGP GTDCWV

.QV $TQP\GOGFCKNNG # + XQP ) )KTQOGVVK CWH UGKPG 9CJN $TQP\GOGFCKNNG #001 +++ XQP ) )KTQOGVVK CWH FKG (TKGFGPUNKGDG WPF FKG (TÌOOKIMGKV $TQP\GOGFCKNNG # 8++ XQP ) )KTQ OGVVK CWH FCU GVTWUMKUEJG )TGIQTKCPKUEJG /WUGWO 4KPCNFK 5VÒEM 8QT\ÒINKEJ WPF DGUUGT

.QV 5KNDGTOGFCKNNG ,CJT 8+++ XQP ) %GTDCTC CWH FGP 2CNC\\Q 9GFGMKPF $TQP\GOGFCKNNG # +: XQP ) )KTQOGVVK CWH FKG -CPQPKUKGTWPIGP FGU ,CJTGU $TQP\GOGFCKNNG #001 :+ XQP ) )KTQOGVVK CWH FGP 0GWDCW CO %NCWFKUEJGP #SW·FWMV #SWC %NCWFKC 4KPCNFK 5VÒEM 5GJT UEJÌP Z WPF XQT\ÒINKEJ

161

2284

2285

5GFKUXCMCP\ 5EWFQ 4 4QO &CX 2CICPK

2TCEJVGZGORNCT (CUV 5VGORGNINCP\

5EWFQ 4 4QO &CX 2CICPK #VVTCMVKXG 2CVKPC YKP\ 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJp5VGORGNINCP\

2286

2287

2286

2KWU +: 5EWFQ #0 8+++ 4 4QO &CX 2CICPK

5GJT UEJÌPpXQT\ÒINKEJ

-W $CKQEEJK #00 8+++ 4 4QO 2CICPK 5GNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT (CUV 5VGORGNINCP\

2288

2291

5EWFQ #001 +: 4 4QO &CX 2CICPK

.QV $CKQEEJK #00 +8 4 #0 :: 4 $CKQEEJK #0 :+++ 4 -W $CKQEEJK #0 +++ 4 -W $CKQEEQ #001 8 4 -W $CKQEEQ #001 ++ 4 #00 +8 4 4QO 5VÒEM 5GJT UEJÌPpXQT\ÒINKEJ 5VGORGNINCP\

.QV .KTG # ::8 4 .KTG #0 ::+ 4 .KTG # ::++ 4 .KTC #0 ::+ 4 5QNFK # ::+++ 4 -W 5QNFK %GPVGUKOK #00 ::++ QJPG /ÒP\\GKEJGP -W 5QNFK %GPVGUKOK #00 ::+ 4 -W 5QNFQ #0 ::+ 4 -W 5QNFQ #00 ::+ 4 -W %GPVGUKOQ #0 ::+ 4 5VÒEM 5GJT UEJÌP WPF DGUUGT

5KNDGTOGFCKNNG XQP ) %GTDCTC CWH UGKPG 'KPUGV\WPI $TWUVDKNF N KO IGKUVNKEJGP 1TPCV &KG PKODKGTVGP $TWUVDKNFGT XQP 5V 2GVTWU WPF 5V 2CWNWU PGDGPGKPCPFGT T OO I 4KPCNFK 8QT\ÒINKEJ

162

/KP 4CPFHGJNGT HCUV XQT\ÒINKEJ

2292

5KNDGTOGFCKNNG #001 + XQP ) %GTDCTC CWH FKG +PDGUKV\PCJOG FGU .CVGTCPU $TWUVDKNF N KO IGKUVNKEJGP 1TPCV ,WUVKVKC OKV 9CCIG WPF 5EJYGTV UVGJV X X N 2CZ OKV ¤N\YGKI FCPGDGP CO $QFGP .ÌYG WPF .COO T %NGOGPVKC QDGP UVTCJNGPFGU )QVVGUCWIG OO I 4KPCNFK 5RKPM -N 4CPFHGJNGT XQT\ÒINKEJp5VGORGNINCP\

5KNDGTOGFCKNNG #001 8+ XQP ) %GTDCTC CWH FCU 4KEJVHGUV FGT #TKEEKC $TÒEMG $TWUVDKNF N KO IGKUVNKEJGP 1TPCV #PUKEJV FGT FTGKUVÌEMKIGP $TÒEMG OO I 4KPCNFK 8QT\ÒINKEJ

2294

2295

5KNDGTOGFCKNNG #0 +: XQP 2 )KTQOGVVK CWH FKG )TÒPFWPI FGU GTUVGP -KPFGTJGKOU KP 4QO $TWUVDKNF N KO IGKUVNKEJGP 1TPCV %JTKUVWU UKV\V X X \YKUEJGP DGVGPFGP -KPFGTP OO I 4KPCNFK 5NI $TGVVCWGT 8QT\ÒINKEJ

5KNDGTOGFCKNNG #001 : XQP 2 )KTQOGVVK CWH UGKPG $GUWEJG KO *GKNKIIGKUV *QURKVCN Y·JTGPF FGT %JQNGTC 'RKFGOKG KO 5GRVGODGT $TWUVDKNF T KO IGKUVNKEJGP 1TPCV &GT 2CRUV KP $GINGKVWPI XQP 2TKGUVGTP GKPGO #T\V WPF FGT 2QNK\GK DGUWEJV GKPGP -TCPMGPUCCN WPF UGIPGV GKPGP 5VGT DGPFGP OO I 4KPCNFK 5NI $TGVVCWGT /KP 4CPFHGJNGT XQT\ÒINKEJ

2296

2293

2297

5KNDGTOGFCKNNG #0 :++ XQP 2 )KTQOGVVK CWH FKG 'TÌHHPWPI FGT 'KUGPDCJPNKPKG XQP 4QO PCEJ (TCUECVK CO ,WNK $TWUVDKNF T KO IGKUVNKEJGP 1TPCV )GHNÒIGNVG YGKDNKEJG )GUVCNV OKV %CFWEGWU UKV\V CWH &CORHNQM FGP -QRH \WTÒEMIGYCPFV WPF OKV FGT .KPMGP PCEJ XQTP YGKUGPF KO *KPVGTITWPF 2GVGTUFQO OO I 4KPCNFK 4 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC HCUV 5VGORGNINCP\

5KNDGTOGFCKNNG #001 :+8 XQP 2 )KTQOGVVK CWH FGP 0GWDCW FGT 2QTVC FK 5CP 2CPMTC\KQ KO ,CJTG $TWUVDKNF T KO IGKUVNKEJGP 1TPCV #PUKEJV FGU 6QTGU OO I 4KPCNFK 8QT\ÒINKEJ

&KG 2QTVC FK 5CP 2CPMTC\KQ YWTFG KO #WHVTCI XQP 7TDCP 8+++ XQP FG 4QUUK GTDCWV $GK #PITKHH FGT (TCP\QUGP FGT \WT <GTUEJNCIWPI FGT 4ÌOKUEJGP 4GRWDNKM HÒJTVG KUV FCU 6QT UEJYGT DGUEJ·FKIV YQTFGP 7PVGT 2KWU +: YWTFG GU FWTEJ 8KTIKPKQ 8GURKIPCPK FWTEJ GKP PGWGU KO PGQMNCUUKUEJGP 5VKN GTDCWVGU 6QT GTUGV\V

163

2298

2299

5KNDGTOGFCKNNG #001 :8 XQP + $KCPEJK CWH FKG 'P\[MNKMC 5KPIWNCTK SWKFGO XQP $TWUVDKNF N KO IGKUVNKEJGP 1TPCV #PUKEJV FGT -CVJGFTC XQP $GTPKPK OO I 4KPCNFK (GKPG 2CVKPC XQT\ÒINKEJ

&KG 'P\[MNKMC 5KPIWNCTK SWKFGO GTOCJPVG CNNG $KUEJÌHG WPF 'T\DKUEJÌHG IGIGP FKG 2JKNQUQRJKG FGU 4CVKQPCNKUOWU WPF LGINKEJG #WUJÌJNWPI FGU MCVJQNKUEJGP )NCWDGPU XQT\WIGJGP &KG -CVJGFTC \YKUEJGP WPF XQP )KQ XCPPK .QTGP\Q $GTPKPK

0GCRGN Ó 4QO HÒT FGP 2GVGTUFQO IGUEJCHHGP UQNNVG \GJP ,CJTG UR·VGT GKPG GPVUEJGKFGPFG 4QNNG URKGNGP DGKO &QIOC FGT 7PHGJNDCTMGKV FGU 2CRUVGU DGK )NCWDGPUU·V\GP FKG GT GZ ECVJGFTC XGTMÒPFGV

5KNDGTOGFCKNNG #0 :+: XQP + $KCPEJK CWH FKG 'TPGWGTWPI FGT 2QTVC 2KC $TWUVDKNF N KO IGKUVNK EJGP 1TPCV #PUKEJV FGU 6QTGU OO I 4KPCNFK (GKPG 2CVKPC XQT\ÒINKEJ

&KG 2QTVC 2KC FGTGP 0COGPUIGDGT 2KWU +8 YCT KUV FWTEJ GKPGP $NKV\UEJNCI DGUEJ·FKIV YQTFGP 2KWU +: NKG FCU 6QT \YKUEJGP WPF FWTEJ 8KTIKPKQ 8GURCIPCPK GTPGWGTP WPF OKV UGKPGO 9CRRGP UEJOÒEMGP &GT $CW JCV FKG (QTO GKPGU 6TKWORJDQIGPU OKV PWT GKPGO &WTEJICPI #O UEJNWIGP FKG KVCNKGPKUEJGP 6TWRRGP PGDGP FGO 6QT GKPG $TGUEJG KP FKG #WTGNKCPKUEJG /CWGT WPF FTCPIGP KP FKG 5VCFV GKP

2300

5KNDGTOGFCKNNG #0 :: XQP + $KCPEJK CWH FKG 'TTKEJVWPI FGT 5·WNG XQT 5CP .QTGP\Q (WQTK NG /WTC $TWUVDKNF N KO IGKUVNKEJGP 1TPCV #PUKEJV FGT 5·WNG OKV FGO 5VCPFDKNF FGU *GKNKIGP /·TV[TGTU .QTGP\ FCJKPVGT FCU -KTEJGPIGD·WFG 5CP .QTGP\Q (WQTK NG /WTC OO I 4KPCNFK (GKPG 2CVKPC XQT\ÒINKEJ

5KNDGTOGFCKNNG #0 ::+ XQP + $KCPEJK CWH FGP 'TYGKVGTWPIUDCW FGT RU[EJCVTKUEJGP -NK PKM $TWUVDKNF N KO IGKUVNKEJGP 1TPCV #PUKEJV FGU -NKPKMIGD·WFGU OO I 4KPCNFK 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC 5VGORGNINCP\

2302

164

2301

2303

5KNDGTOGFCKNNG #0 ::+8 XQP + $KCPEJK CWH FKG 'TTKEJVWPI FGU -TKGIGTFGPMOCNU KO ,CJTG $TWUVDKNF N KO IGKUVNKEJGP 1TPCV #PUKEJV FGU &GPMOCNU KP GKPGO <[RTGUUGPJCKP OO I 4KPCNFK 8QT\ÒINKEJ

5KNDGTOGFCKNNG #0 ::8 XQP + $KCPEJK CWH FKG 'KPYGKJWPI FGT 'KPICPIUJCNNG FGU (TKGFJQHU %CORQ 8GTCPQ $TWUVDKNF N KO IGKUVNKEJGP 1TPCV #PUKEJV FGU (TKGFJQHU WPF FGT 'KPICPIUJCNNG FGU )GD·WFGU OO I 4KPCNFK 8QT\ÒINKEJ

2304

5KNDGTOGFCKNNG #0 ::8+ XQP + $KCPEJK CWH UGKP L·JTKIGU 2QPVKHKMCVULWDKN·WO $TWUV DKNF N KO IGKUVNKEJGP 1TPCV &GT 2CRUV MPKGV N JKPVGT KJO 2GVTWU XQT KJO %JTKUVWU FGT KJO FGP 2CRUVVJTQP CPYGKUV OO I 4KPCNFK 8QT\ÒINKEJ

5KNDGTOGFCKNNG #0 ::8+++ XQP + $KCPEJK CWH FGP #DUEJNW FGT 4GUVCWTKGTWPI FGT $CUK NKMC 5CP .QTGP\Q (WKTQ NG /WTC $TWUVDKNF N KO IGKUVNKEJGP 1TPCV +PPGPCPUKEJV FGT $CUKNKMC OO I 4KPCNFK /KP 4CPFHGJNGT XQT\ÒINKEJ

2306

2305

2307

2308

5KNDGTOGFCKNNG #0 ::+: XQP + $KCPEJK CWH FGP #DUEJNW FGT 4GUVCWTKGTWPI FGT -KTEJG 5CPVC /CTKC KP 6TCUVGXGTG $TWUVDKNF N KO IGKUVNKEJGP 1TPCV +PPGPCPUKEJV FGT $CUKNKMC OO I 4KPCNFK 8QT\ÒINKEJ

5KNDGTOGFCKNNG #0 ::: XQP + $KCPEJK CWH FGP $CW FGU #TOGPJCWUGU KP 4QO $TWUVDKNF N KO IGKUVNKEJGP 1TPCV 5VCFVVGKNCPUKEJV OKV FGO #TOGPJCWU OO I 4KPCNFK 5NI $TGVVCWGT 2TCEJVGZGORNCT #WUFTWEMUXQNNG 2CVKPC HCUV 5VGORGNINCP\

5KNDGTOGFCKNNG #0 :::+ XQP + WPF ( $KCPEJK CWH FKG 'KPHÒJTWPI FGU (GUVGU FGU JGKNK IGP ,QUGRJ CNU 2CVTQP FGT )GUCOVMKTEJG KO ,CJTG $TWUVDKNF N KO IGKUVNKEJGP 1TPCV &GT JGKNKIG ,QUGRJ UVGJV X X WPF YGKUV CWH FKG N MPKGPFG 'EENGUKC 4QOCPC OKV -KTEJGPOQFGNN T UKV\V /CTKC OKV -KPF OO I 4KPCNFK #NVG 2CVKPC XQT\ÒINKEJ

.QV $TQP\GOGFCKNNG XQP #NNGP /QQTG CWH UGKPG 9CJN 5RKPM $TQP\GOGFCKNNG XQP $ <CEECIPKPK CWH FGP -TGW\YGI KO -QNQUUGWO CO )TÒPFQPPGTUVCI 5RKPM $TQP\GOGFCKNNG WPUKIPKGTV CWH FKG 5·MWNCTHGKGT FGU /·TV[TGTVQFGU XQP 2GVTWU WPF 2CWNWU 5RKPM 5VÒEM 8QT\ÒINKEJp5VGORGNINCP\

.QV 5KNDGTOGFCKNNG #001 ++ XQP ) )KTQOGVVK CWH FKG 'TTKEJVWPI FGT 2GVGT WPF 2CWNUVCVWGP CP FGP 'EMGP FGT 6TGRRGP FGU 2GVGTUFQOGU 5KNDGTOGFCKNNG #001 8 XQP ) )KTQOGVVK CWH FGP <WUCOOGPDTWEJ FGT 4ÌOKUEJGP 4GRWDNKM 5KNDGTOGFCKNNG #001 8++ XQP $ <CEECIPKPK CWH FKG 4GUVCWTKGTWPI FGT /QPWOGPVG CP FGT 8KC #RRKC 4KPCNFK 5VÒEM 5GJT UEJÌPpXQT\ÒINKEJ

165

.QV 5KNDGTOGFCKNNG #0 8+++ XQP ) %GTDCTC CWH FKG )TÒPFWPI FGU %JTKUVNKEJGP /WUGWOU KO .CVGTCP 5KNDGTOGFCKNNG #0 :8+ XQP % 8QKIV IGIGP FKG (GKPFG FGU -KTEJGPUVCCVU 5KNDGTOG FCKNNG # :8++ XQP % 8QKIV CWH FKG 4GXKVCNKUKGTWPI FGU 2GVGTURHGPPKIU 4KPCNFK 5VÒEM 5GJT UEJÌPpXQT\ÒINKEJ

.QV 5KNDGTOGFCKNNG #001 :+ XQP + $KCPEJK CWH FKG 8GTMÒPFWPI FGU &QIOCU FGT WPDG HNGEMVGP 'ORH·PIPKU /CTKCG 5KNDGTOGFCKNNG #0 :+++ XQP + $KCPEJK CWH UGKPG +P URGMVKQPUTGKUG KO ,CJTG 5KNDGTOGFCKNNG #0 :8+++ XQP + $KCPEJK CWH FKG 'KPYGKJWPI FGT R·RUVNKEJGP 6CDCMHCDTKM KP 4QO 4KPCNFK 5VÒEM 8QT\ÒINKEJ

.QV 5KNDGTOGFCKNNG #0 ::++ XQP + $KCPEJK CWH FKG 'TTKEJVWPI FGU 6TGRRGPCWHICPIU FGT 2KC\\C FGN 3WKTKPCNG 5KNDGTOGFCKNNG #0 ::8++ XQP + $KCPEJK CWH FKG 4GUVCWTKGTWPI FGT 5KZVKPK UEJGP -CRGNNG KP FGT $CUKNKMC 5CPVC /CTKC /CIIKQTG KO ,CJTG 5KNDGTOGFCKNNG ,CJT :::++ XQP ( $KCPEJK CWH UGKP L·JTKIGU $KUEJQHULWDKN·WO 4KPCNFK 5VÒEM -N 4CPFHGJNGT Z UGJT UEJÌPpXQT\ÒINKEJ WPF XQT\ÒINKEJ

4ÌOKUEJG 4GRWDNKM .QV $CKQEEJK 4 -W $CKQEEJK 4 -W $CKQEEQ 4 4QO 2CICPK C 5VÒEM 5GJT UEJÌP Z WPF XQT\ÒINKEJp5VGORGNINCP\

2315

2316

.GQ :+++ 5KNDGTOGFCKNNG #001 ++ XQP ( $KCPEJK CWH FKG 'P\[MNKMC 3WQF CRQ UVQNKEK OWPGTKU XQP $TWUVDKNF N KO IGKUVNKEJGP 1TPCV 'EENGUKC OKV 6KCTC -TGW\ WPF $KDGN VJTQPV X X CWH 9QNMG OO I 4KPCNFK 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

+P FGT 'P\[MNKMC XGTFCOOVG FGT PGWG 2CRUV -QOOWPKUOWU 5Q\KCNKUOWU WPF 0KJKNKUOWU

5KNDGTOGFCKNNG #001 +++ XQP ( $KCPEJK CWH FKG &KU\KRNKPKGTWPI FGT 9KUUGPUEJCHV KO 5KPPG FGU JGKNKIGP 6JQOCU XQP #SWKP $TWUVDKNF N KO IGKUVNKEJGP 1TPCV 6JQOCU XQP #SWKP UVGJV X X CWH 2QFGUV \W FGP 5GKVGP FKG 2GTUQPKHKMCVKQPGP XQP 9KUUGPUEJCHV WPF -KTEJG OO I 4KPCNFK *ÒDUEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

2317

2318

5KNDGTOGFCKNNG #001 8 XQP ( $KCPEJK CWH FKG -CPQPKUKGTWPIGP FGU ,CJTGU $TWUVDKNF N KO IGKUVNKEJGP 1TPCV &KG XKGT PGWGP *GKNKIGP MPKGP CWH 9QNMGP WPF DGVGP QDGP 6CWDG KP 5VTCJNGP T WPVGT FGP 9QNMGP FKG -WRRGN FGU 2GVGTUFQOGU OO I 4KPCNFK *GTTNKEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

&KG XKGT PGWGP *GKNKIGP YCTGP $GPGFKEV ,QUGRJ .CDTG CWU (TCPMTGKEJ UQYKG %JKCTC FC /QPVGHCNEQ )KCPDCVVKUVC FG 4QUUK WPF .QTGP\Q FC $TKPFKUK CWU +VCNKGP

166

5KNDGTOGFCKNNG #001 8++ XQP ( $KCPEJK CWH FGP PGWGP 5·WNGPICPI FGT $CUKNKMC KP .CVGTCPQ $TWUVDKNF N KO IGKUVNKEJGP 1TPCV #PUKEJV FGU PGWGP $CWYGTMU OO I 4KPCNFK 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC HCUV 5VGORGNINCP\

2319

5KNDGTOGFCKNNG #0 : XQP ( $KCPEJK CWH UGKP L·JTKIGU 2TKGUVGTLWDKN·WO $TWUVDKNF N KO IGKUVNK EJGP 1TPCV 0GWP <GKNGP 5EJTKHV OO I 4KPCNFK 4 'VYCU DGTKGDGP UGJT UEJÌPpXQT\ÒINKEJ

2320

2321

2322

5KNDGTOGFCKNNG #0 :8+ XQP ( $KCPEJK CWH FKG ,CJTHGKGT UGKPGT $KUEJQHUYÒTFG $TWUVDKNF N KO IGKUVNKEJGP 1TPCV <GTGOQPKG FGT *CPFCWHNGIWPI DGK .GQU $KUEJQHUYGKJG QDGP 6CWDG KP 5VTCJNGP MTCP\ OO I 4KPCNFK 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC OKP 4CPFHGJNGT XQT\ÒINKEJp5VGORGNINCP\

5KNDGTOGFCKNNG #0 :8++ XQP ( $KCPEJK CWH FKG 'KPTKEJVWPI FGT #RQUVQNKUEJGP 2T·HGMVWT KP +PFKGP $TWUVDKNF N KO IGKUVNKEJGP 1TPCV 'EENGUKC VJTQPV T WPF YGKUV CWH FGP JGKNKIGP (TCP\ :CXGT FGT ,GUWKVGP UGIPGV KO *KPVGTITWPF FCU %QNNGIKQ .GQPKCPQ KP 4QO OO I 4KPCNFK 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC HCUV 5VGORGNINCP\

5KNDGTOGFCKNNG #0 :8+++ XQP ( $KCPEJK CWH FKG )TÒPFWPI FGU #PUGNO -QNNGIKWOU KP #XGPVKPQ $TWUVDKNF N KO IGKUVNKEJGP 1TPCV &GT JGKNKIG $GPGFKMV OKV \YGK /ÌPEJGP KO *KPVGTITWPF -KTEJG WPF -QNNGIKWO OO I 4KPCNFK *GTTNKEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

167

2323

2324

2325

5KNDGTOGFCKNNG #0 :+: XQP ( $KCPEJK CWH FKG 'KPJGKV FGT -KTEJG $TWUVDKNF N KO IGKUVNKEJGP 1TPCV %JTKUVWU OKV (CJPG UVGJV X X WOIGDGP XQP FTGK /KUUKQPCTGP OO I 4KPCNFK 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC HCUV 5VGORGNINCP\

5KNDGTOGFCKNNG #0 ::+ XQP ( $KCPEJK CWH FKG 4GUVCWTKGTWPI FGT (TGUMGP XQP $GTPCTFKPQ 2KPVW TKWEEJKQ KP FGT #WNC $QTIKCPC $TWUVDKNF N KO IGKUVNKEJGP 1TPCV 2CRUV #NGZCPFGT 8+ MPKGV XQT GKPGO 5CTMQRJCI FCTCWH UVGJV FGT 'TNÌUGT KP 5VTCJNGPMTCP\ OO I 4KPCNFK *GTTNKEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

5KNDGTOGFCKNNG #0 ::8 XQP ( $KCPEJK CWH UGKP L·JTKIGU 2QPVKHKMCVULWDKN·WO $TWUVDKNF N KO IGKUVNKEJGP 1TPCV 5V 2GVTWU VJTQPV X X OKV 5EJNÒUUGNP WPF $WEJ OO I 8CTKCPVG 8GT·PFGTVGU $TWUVDKNF OKV 6KCTC CWH FGT 8QTFGTUGKVG 4KPCNFK \W CPFGTG 8QTFGTUGKVGPFCTUVGNNWPI (GKPG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

.QV 5KNDGTOGFCKNNG #001 + XQP ( $KCPEJK CWH UGKPG 9CJN 5KNDGTOGFCKNNG #0 +8 XQP ( $KCPEJK CWH FKG XGTDGUUGTVG #WUUVCVVWPI FGT 5EJWNG FGT UEJÌPGP -ÒPUVG 5KNDGTOGFCKNNG #001 8+

XQP ( $KCPEJK CWH FKG #WHPCJOG FGU -[TKNNQU WPF /GVJQFKQUHGUVGU KP FGP MCVJQNKUEJGP (GUVMCNGPFGT KO ,CJTG 4KPCNFK 5VÒEM -N -TCV\GT Z UGJT UEJÌPpXQT\ÒINKEJ WPF XQT\ÒINKEJ

.QV $TQP\GOGFCKNNG #001 + XQP ( $KCPEJK CWH UGKPG 9CJN 5KNDGTOGFCKNNG #0 ::+++ XQP ( $KCPEJK CWH FCU *GKNKIG ,CJT 5KNDGTOGFCKNNG #0 ::8 XQP ( $KCPEJK CWH UGKP L·JTKIGU 2QPVKHKMCVULWDKN·WO 4KPCNFK 5VÒEM (CUV XQT\ÒINKEJ WPF XQT\ÒINKEJ

.QV 5KNDGTOGFCKNNG #0 8+++ XQP ( $KCPEJK CWH FKG ¤HHPWPI FGU XCVKMCPKUEJGP )GJGKOCT EJKXU KO ,CJTG 5KNDGTOGFCKNNG #0 +: XQP ( $KCPEJK CWH FKG #WUUEJOÒEMWPI FGT .CVGTCP DCUKNKMC 5KNDGTOGFCKNNG #001 : XQP ( $KCPEJK CWH UGKPG 5EJNKEJVWPI FGU 5VTGKVU WO FKG -CTQNKPGP +PUGNP \YKUEJGP 5RCPKGP WPF &GWVUEJNCPF KO ,CJTG 4KPCNFK 5VÒEM /GKUV XQT\ÒINKEJ

.QV 5KNDGTOGFCKNNG #001 :+ XQP ( $KCPEJK CWH FKG )GUCPFVUEJCHVGP WPF )NÒEMYÒPUEJG \W UGKPGO L·JTKIGP 2TKGUVGTLWDKN·WO 5KNDGTOGFCKNNG #0 :+8 XQP ( $KCPEJK CWH FKG 'KPYGK JWPI FGT XCVKMCPKUEJGP 5VGTPYCTVG 5KNDGTOGFCKNNG #0 :: XQP ( $KCPEJK CWH FKG )TÒP FWPI FGU %QNNGIKQ .GQPKCPQ 4KPCNFK 5VÒEM -N 4CPFHGJNGT UGJT UEJÌPpXQT\ÒINKEJ WPF XQT\ÒINKEJ

.QV 5KNDGTOGFCKNNG #0 :++ XQP ( $KCPEJK CWH FKG 4GPQXKGTWPI FGU -NQUVGTU KO .CVGTCP 5KN DGTOGFCKNNG #0 :+++ XQP ( $KCPEJK IGIGP FKG $GXQTOWPFWPI FWTEJ FGP KVCNKGPKUEJGP 5VCCV 5KNDGTOGFCKNNG #0 :8 XQP ( $KCPEJK CWH FKG 'P\[MNKMC 4GTWO PQXCTWO XQO /CK 4KPCNFK 5VÒEM 8QT\ÒINKEJ

.QV 5KNDGTOGFCKNNG #0 ::++ XQP ( $KCPEJK CWH FKG &QRRGN -CPQPKUKGTWPI XQP 5KNDGTOGFCKNNG #0 ::+8 XQP ( $KCPEJK CWH FCU )TCDOQPWOGPV HÒT +PPQ\GP\ +++ 5KN DGTOGFCKNNG #0 ::8+ XQP ( $KCPEJK CWH FKG )TÒPFWPI FGT -QOOKUUKQP HÒT $KDGNUVWFKGP 4KPCNFK 5VÒEM 8QT\ÒINKEJ

168

2332

2KWU : 5KNDGTOGFCKNNG #0 +++ XQP ( $KCPEJK CWH FKG 'P\[MNKMC #EGTDQ 0KOKU \WT (ÌTFGTWPI FGU 5VWFKWOU FGU -CVGEJKUOWU $TWUVDKNF N KO IGKUVNKEJGP 1TPCV %JTKUVWU UKV\V KO $QQV FGU 2GVTWU WPF RTGFKIV OO I 4KPCNFK /KP 4CPFHGJNGT XQT\ÒINKEJ

2333

2337

2338

5KNDGTOGFCKNNG #0 8+++ XQP ( $KCPEJK CWH FKG 8GTNGIWPI FGT XCVKMCPKUEJGP 5VGTPYCTVG ,CJTGU OGFCKNNG $TWUVDKNF T KO IGKUVNKEJGP 1TPCV &KG RGTUQPKHK\KGTVG #UVTQPQOKG WOIGDGP XQP $ÒEJGTP 5VWPFGPINCU WPF )NQDWU UKV\V CWH $CNMQP KP FGP XCVKMCPKUEJGP )·TVGP WPF YGKUV OKV FGT .KPMGP CWH FCU 1DUGTXCVQTKWO OO I 4KPCNFK (GKPG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

.QV 5KNDGTOGFCKNNG #001 + XQP ( $KCPEJK CWH UGKPG 1TFKPCVKQP 5KNDGTOGFCKNNG #001 ++

XQP ( $KCPEJK CWH FKG &QRRGN -CPQPKUKGTWPI XQP 5KNDGTOGFCKNNG #0 +8

XQP ( $KCPEJK CWH FCU YKGFGTIGYQPPGPG R·RUVNKEJG 4GEJV \WT 9GKJG HTCP\ÌUKUEJGT $K UEJÌHG 4KPCNFK 5VÒEM 8QT\ÒINKEJ

.QV 5KNDGTOGFCKNNG #001 8 XQP ( $KCPEJK CWH FKG 'P\[MNKMC 2CUEGPFK &QOKPKEK ITGIKU XQO 5GRVGODGT IGIGP FGP /QFGTPKUOWU 5KNDGTOGFCKNNG #0 8+ XQP ( $KCPEJK CWH FKG 8GTCDUEJKGFWPI FGU &GMTGVU \WT 4GQTICPKUCVKQP FGT -WTKG 5KNDGTOGFCKNNG #0 8++ XQP ( $KCPEJK CWH FKG 'TTKEJVWPI FGU $GNXGFGTG #PDCWGU HÒT FKG 0GWG 2KPCMQVJGM 4KPCNFK 5VÒEM 9KP\ 4CPFHGJNGT Z HCUV XQT\ÒINKEJ WPF XQT\ÒINKEJ

.QV 5KNDGTOGFCKNNG #0 8+++ XQP ( $KCPEJK CWH FKG 8GTNGIWPI FGT XCVKMCPKUEJGP 5VGTPYCTVG 5KNDGTOGFCKNNG #0 +: XQP ( $KCPEJK CWH FKG )TÒPFWPI FGU +PUVKVWVQ $KDNKEQ 5KNDGTOGFCKNNG #001 : XQP ( $KCPEJK CWH FKG 'TTKEJVWPI FGU 5GOKPCTKQ %CNCDTGUG KP 4QO 4KPCNFK 5VÒEM 5GJT UEJÌPpXQT\ÒINKEJ WPF XQT\ÒINKEJ

$GPGFKMV :8 5KNDGTOGFCKNNG # +++ XQP ( $KCPEJK CWH FKG 8GTCDUEJKGFWPI FGU PGWGP -KTEJGPTGEJVUMQFGZ CO /CK KO &GMTGV 2TQXKFGPVKUUKOC OCVGT 'EENGUKC $TWUVDKNF T KO IGKUVNKEJGP 1TPCV &GT 2CRUV UVGJV XQT 2T·NCVGP WPF UGIPGV FGP -QFGZ CD XQT KJO MPKGP 0QPPGP WPF GKP -KPF OO I 4KPCNFK *GTTNKEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

5KNDGTOGFCKNNG # 8++ XQP # /KUVTW\\K CWH FKG 'TJGDWPI FGU JGKNKIGP 'RJTCKO \WO -KTEJGPNGJ TGT $TWUVDKNF N KO IGKUVNKEJGP 1TPCV 5V 'RJTCKO WPF 5V *KGTQP[OWU OKV CWHIGUEJNCIGPGP $ÒEJGTP UKV\GP XQT GKPGO 2QFGUV CWH FGO GKPG CWHIGUEJNCIGPG $KDGN NKGIV QDGP 6CWDG KP 5VTCJNGP OO I 4KPCNFK *ÒDUEJG 2CVKPC XQT\ÒINKEJ

169

2341

2340

.QV 5KNDGTOGFCKNNG #0 + XQP ( $KCPEJK CWH UGKPG 9CJN 5KNDGTOGFCKNNG # +8 XQP ( $KCPEJK CWH FKG )TÒPFWPI FGU +PUVKVWVQ RQPVKHKEKQ RGT INK UVWFK 1TKGPVCNK 5KNDGTOGFCKNNG # 8+ XQP # /KUVTW\\K CWH FKG &TGKHCEJ -CPQPKUKGTWPI XQP 4KPCNFK 5VÒEM 8QT\ÒINKEJp5VGORGNINCP\

2KWU :+ 5KNDGTOGFCKNNG #0 8 XQP # /KUVTW\\K CWH FKG )TÒPFWPI FGU R·RUVNKEJGP +PUVKVWVU HÒT EJTKUVNKEJG #TEJ·QNQIKG $TWUVDKNF T KO IGKUVNKEJGP 1TPCV 2GTUQPKHK\KGTVG #TEJ·QNQIKG UKV\V X X KP -CVCMQODGP KP FGT GTJQDGPGP 4GEJVGP ¤NNCORG FGP NKPMGP #TO CWH 5EJTKHVVCHGN IGNGIV OO I 4KPCNFK #VVTCMVKXG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

5KNDGTOGFCKNNG #0 +: XQP # /KUVTW\\K CWH FGP ,CJTGUVCI FGT )TÒPFWPI FGU 8CVKMCPUVCC VGU $TWUVDKNF T KO IGKUVNKEJGP 1TPCV #PUKEJV FGU 8CVKMCPUVCCVGU CWU FGT 8QIGNRGTURGMVKXG QDGP JCNVGP \YGK 'PIGN FCU R·RUVNKEJG 9CRRGP OO I 4KPCNFK 2TCEJVGZGORNCT (GKPG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\ 5VGORGNINCP\

.QV 5KNDGTOGFCKNNG # + XQP # /KUVTW\\K CWH UGKPG 9CJN WPF FCU 5VKHVWPIUHGUV FGT -QPITGICVKQP 2TQRCICPFC (KFG 5KNDGTOGFCKNNG #001 ++ XQP # /KUVTW\\K CWH FKG ,CJTHGKGT FGT -CPQPUKGTWPI FGU 6JQOCU XQP #SWKP 5KNDGTOGFCKNNG #001 8+++ XQP # /KUVTW\\K CWH FKG .CVGTCPXGTVT·IG WPF UGKP L·JTKIGU 2TKGUVGTLWDKN·WO 4KPCNFK 5VÒEM -N 4CPFHGJNGT XQT\ÒINKEJ

.QV 5KNDGTOGFCKNNG #001 +++ XQP # /KUVTW\\K CWH FGP IGRNCPVGP 0GWDCW FGT )TGIQTKCPC 5KNDGTOGFCKNNG #0 +8 XQP # /KUVTW\\K CWH FKG -CPQPKUKGTWPIGP XQP 5KNDGTOGFCKNNG #0 8 XQP # /KUVTW\\K CWH FKG )TÒPFWPI FGU R·RUVNKEJGP +PUVKVWVU HÒT %JTKUVNKEJG #TEJ·QNQIKG 4KPCNFK 5VÒEM 8QT\ÒINKEJ

.QV 5KNDGTOGFCKNNG #0 8+ XQP # /KUVTW\\K CWH FKG 8GTITÌGTWPI FGU 5GOKPCTKQ OKPQTG KP 8CVKECPQ 5KNDGTOGFCKNNG # 8++ XQP # /KUVTW\\K CWH FKG 'KPYGKJWPI FGU %QNNGIKQ 4WUUQ 5KN DGTOGFCKNNG #001 :+ XQP # /KUVTW\\K CWH FKG 'TÌHHPWPI FGT 0WQXC 2KPCEQVGEC 8CVKECPC CO 1MVQDGT 4KPCNFK 5VÒEM 8QT\ÒINKEJ

.165 -+4%*'056##6 +PVGTGUUCPVGU .QV XQP FKXGTUGP /GFCKNNGP KP 5KNDGT WPF WPGFNGP /GVCNNGP FGT 2·RUVG 2CWN 8 2KWU +: .GQ :+++ 2KWU :+ WPF ,QJCPPGU 2CWN ++ 5VÒEM /GKUV XQT\ÒINKEJ

&KXGTUG /ÒP\GP FGU <GKVTCWOU XQP -W %GPVGUKOK DKU \W .KTG 5VÒEM /GKUV XQT\ÒINKEJp5VGORGNINCP\

-QORNGVVG 5GTKG FGT -WTUOÒP\GPU·V\G FGT ,CJTG &C\W .KTG 5GFKUXCMCP\ Z UQYKG .KTG 2CRUV ,QJCPPGU 2CWN + 5VÒEM 5VGORGNINCP\

-QORNGVVG 5GTKG FGT -WTUOÒP\GPU·V\G FGT ,CJTG

.+6'4#674 /70610+ ( .G OQPGVG FGK RCRK G FGINK 5VCVK 2QPVKHKEK $·PFG 4QO :.8+++ 5 6HP 5 6HP 5 6HP 5 6HP -WPUVNGFGT

5VÒEM 5VGORGNINCP\

)QNFRT·IWPIGP FGU -KTEJGPUVCCVGU UKGJG CWEJ 0TP 170

2350

2351

.7%%#

'NKUC $QPCRCTVG WPF (GNKZ $CEKQEEJK (TCPEU (NQTGP\ &CX 2CICPK 8QT\ÒINKEJ

(TCPEU (NQTGP\ &CX 2CICPK

(GKPG 2CVKPC UGJT UEJÌP

2352 2353

2353

/#+.#0&

)CNGC\\Q /CTKC 5HQT\C WPF .WFQXKEQ /CTKC 5HQT\C 6GUVQPG Q , %TKRRC 44 (WPFGZGORNCT *GPMGNURWT UGJT UEJÌP

2JKNKRR ++ XQP 5RCPKGP 5EWFQ %TKRRC $ &CX (CUV UGJT UEJÌP UGJT UEJÌP

2355

2354

5EWFQ %TKRRC $ &CX

(TCPEGUEQ +++ %CXCNQVVQ Q , $KIPQVVK

5GJT UEJÌP

44 (CUV UGJT UEJÌP

/#067#

2357

2356

(TCPEGUEQ +8 )QP\CIC &WECVQPG $KIPQVVK &CX

#NDGTKEQ ++ %[DQ /CNCURKPC $QNQIPKPK %0+ :+ 5

44 5EJÌP

8QT\ÒINKEJ

/#55# &+ .70+)+#0# 171

2360

2358

2359

0'#2'. 70& 5+<+.+'0

4QDGTV XQP #PLQW )KINKCVQ Q , $KCIIK 5EJÌPG 6ÌPWPI MN 2T·IGUEJY·EJG XQT\ÒINKEJ

(GTFKPCPF + XQP #TCIQP %QTQPCVQ Q , %0+ :+: 5 HH -CTN 8 &WECVQ Q , %0+ :+: 5

2361

5GJT UEJÌP 5GJT UEJÌP

2362

1,5:1

2JKNKRR +8 XQP 5RCPKGP %CTNKPQ Q , %0+ :: 5

4 5GJT UEJÌP

-CTN ++ XQP 5RCPKGP &WECVQ )TCPC 0GCRGN %0+ :: 5 2TCEJVGZGORNCT /KP LWUVKGTV HCUV 5VGORGNINCP\

2363

2364

2JKNKRR 8 XQP 5RCPKGP 5EWFQ %CTNKPK 0GCRGN %0+ :: 5 4 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJp5VGORGNINCP\

-CTN +++ XQP $QWTDQP 2KCUVTC 0GCRGN %0+ :: 5 NGKEJV XCT &CX 5EJÌPpUGJT UEJÌP

172

2365

2366

2367

2KCUVTC 0GCRGN CWH FKG )GDWTV UGKPGU 5QJPGU 2JKNKRR %0+ :: 5 &CX 4 5EJÌP

(GTFKPCPF +8 XQP $QWTDQP 2GTKQFG 2KCUVTC )TCPC 0GCRGN &CX 2CICPK D 8QT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 2CVKPC

(GTFKPCPF + -W 6QTPGUK 0GCRGN 2CICPK C

8QT\ÒINKEJp5VGORGNINCP\

2368

2#4/#

4CPWEEKQ (CTPGUG + &WECVQPG I )GJCTPKUEJVGU $TWUVDKNF N 2CNNCU WPF /CTU JCNVGP GKPG -TQPG ÒDGT FTGK $·WOG %0+ +: 5 &CX 44 5GJT UEJÌP

2369

4+/+0+

5KIKUOWPFWU 2CPFQNHWU /CNCVGUVC $TQP\GIWOGFCKNNG 9GTMUVCVV /CVVGQ FG 2CUVK $TWUVDKNF XQP 5KIKUOWPFWU N #PUKEJV FGT -KTEJG 5CP (TCPEGUEQ OO %QNN -TGUU *CDKEJ 6H :+8 *KNN 44 1TKIKPCNIW OKV FGT JÒDUEJGP TÌVNKEJGP 2CVKPC FGU (WPFGU XQP 4KOKPK XQT\ÒINKEJ

'KPGT FGT DGFGWVGPFUVGP $CWVGP XQP 4KOKPK KUV FKG IQVKUEJG -KTEJG 5CP (TCPEGUEQ CWU FGO ,CJTJWPFGTV FKG 5KIKUOWPFWU /CNCVGUVC XQP .¾QP $CVVKUVC #NDGTVK XQP \W GKPGT )TCD WPF 4WJOGUMKTEJG UGKPGT (COKNKG WOIGUVCNVGP NKG &KG ITQCTVKI IGINKGFGTVG CDGT WPXQNNGPFGVG (CUUCFG WPF FKG 5GKVGPY·PFG OKV LG UKGDGP O·EJVKIGP 4WPFDÌIGP WPVGT FGPGP 5CTMQRJCIG XQP *WOCPKUVGP UVGJGP UKPF *CWRVYGTMG FGT 4GPCKUUCPEG +O GKPUEJKHHKIGP IQVKUEJGP +PPGTP YWTFGP FKG 5GKVGPMCRGNNGP WPVGT .GKVWPI XQP /CVVGQ FG 2CUVK OKV 4GPCKUUCPEGDKNFYGTMGP TGKEJ CWUIGUVCVVGV

173

2371

2370

5#4&+0+'0

8KEVQT 'OCPWGN + .KTG 6WTKP &CX 2CICPK .KTG 6WTKP &CX 2CICPK

4 (CUV XQT\ÒINKEJ 5GJT UEJÌP

.WFQXKEQ XQP #TCIQP 2KGTTGCNG Q , /GUUKPC I 8CTGUK 5GJT UEJÌP (KNKRRQ +8 6CTK +2 22 /GUUKPC 8CTGUK #VVTCMVKXG 2CVKPC UGJT UEJÌP

2372

2373

5+<+.+'0

2375

2374

57$#.2+0' 4'27$.+-

(TCPEU #0 6WTKP &CX 2CICPK

5GJT UEJÌP

8QT\ÒINKEJ

4 5GJT UEJÌP (CUV UGJT UEJÌP

6#55#41.1

.KXKC %GPVWTKQPK .WKIKPQ %COOCTCPQ XCT %0+ ++ 5

2376

2377

615%#0# 174

(GTFKPCPF + /GFKEK 6CNNGTQ 2KUC %0+ :+ 5 &CX %QUKOQ +++ /GFKEK 2KCUVTC %0+ :++ 5 &CX

2378

2KCUVTC %0+ :++ 5 &CX

2379

-N 4CPFHGJNGT UGJT UEJÌP

2381

2380

6QNNGTQ .KXQTPQ %0+ :+ 5 &CX #PO 6QNNGTQ %0+ :+ 5 &CX

%CTN .WFYKI WPF /CTKC .QWKUC (TCPEGUEQPG 2CQNK (NQTGP\ &CX 2CICPK C *ÒDUEJG 2CVKPC XQT\ÒINKEJ

2382

5GJT UEJÌP 5GJT UEJÌP

2383

8'0'&+)

.GQPCTFQ .QTGFCP /QEGPKIQ .KTC FC 5QNFK Q , )CODGTKPK #PFTGC )TKVVK /QEGPKIQ Q , )CODGTKPK

2384

/CTEGNNQ Q , )CODGTKPK 2KGVTQ .CPFQ /CTEGNNQ 5QNFK Q , )CODGTKPK

5GJT UEJÌP 5GJT UEJÌP

2385

175

2386 2387

2387

)KTQNCOQ 2TKWNK 1UGNNC #PPQ 8++ )CODGTKPK 44 )GUVQRHVGU .QEJ UGJT UEJÌP )KQXCPPK + %QTPGT 5EWFQ 5QNFK Q , &CX )CODGTKPK 5GJT UEJÌP

2388

2389

(TCPEGUEQ 'TK\\Q 5EWFQ FGNNC ETQEG Q , &CX )CODGTKPK 5GNVGP KP FKGUGT 'TJCNVWPI 8QT\ÒINKEJp5VGORGNINCP\

/CTE #PVQPKQ )KWUVKPKCP $TGVVUVGKP CWU FWPMNGO *QN\ Q , OKV FGP /GFCKNNGP UVGORGNP XQP / $TWPPGT IGHGTVKIV CWH UGKPG 5KGIG IGIGP FKG 6ÒTMGP $TWUVDKNF T KP .QTDGGTMTCP\ FCTWPVGT /CTMWUNÌYG FGT GKPGP *WPF CPITGKHV 'KP .ÌYG NKGIV UEJNCHGPF CWH GKPGO JTGPDÒPFGN FCJKPVGT GKP *CJP FGT CP FGP JTGP RKEMV KO *KPVGTITWPF FGT 4JGKP WPF DTGPPGPFG $WTIGP OO *KOOGNJGDGT 8QNVQNKPC #PO 44 8QT\ÒINKEJGU 'ZGORNCT

2390

2391

#NXKUG ++ /QEGPKIQ 1UGNNC #00 8 I -PKGPFGT &QIG OKV .CPIMTGW\ XQT FGO JGKNKIGP /CTMWU $NÒJGPFG 4QUG FCTÒDGT /QPF WPF 5VGTPG )CODGTKPK 4 5GJT UEJÌP

#NXKUG +8 /QEGPKIQ 1UGNNC #0 : I 7PVGT GKPGT 4QUGVVG UGEJU <GKNGP 5EJTKHV KP .QTDGGTMTCP\ /CTMWUNÌYG OKV FGO 'XCPIGNKWO KO #DUEJPKVV 4QUGVVG )CODGTKPK 9KP\ 4CPFXGTRT·IWPI OKP LWUVKGTV XQT\ÒINKEJ

176

2392

2393

1UGNNC #0 :+ )CODGTKPK 2CQNQ 4GPKGT 1UGNNC #0 + )CODGTKPK

2394

2395

*GPMGNURWT UGJT UEJÌP (CUV XQT\ÒINKEJ

2396

6CNNGTQ &CX )CODGTKPK

.QFQXKEQ /CPKP 1UGNNC #0 8++ )CODGTKPK 4 *GTTNKEJG 2CVKPC MN 5EJTÌVNKPIUHGJNGT NGKEJV LWUVKGTV HCUV 5VGORGNINCP\

5EJÌP

1UGNNC #0 8+++ )CODGTKPK

#NVXGTIQNFGV *GPMGNURWT (GNFGT NGKEJV IGIN·VVGV UGJT UEJÌP

2397

2398

2399

-¤0+)4'+%* +6#.+'0

8KEVQT 'OCPWGN ++ .KTG 4 4QO &CX 2CICPK

7ODGTVQ + .KTG 4 4QO &CX 2CICPK -N 4CPFHGJNGT YKP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

8QT\ÒINKEJ

.KTG 4 4QO &CX 2CICPK

8QT\ÒINKEJ

177

2400

2401

.KTC 4 4QO 2CICPK .KTG 4 4QO 2CICPK .KTG 4 4QO 2CICPK 8KEVQT 'OCPWGN +++ .KTG 4 4QO 2CICPK

2404

.KTG # 8+ 4 4QO &CX 2CICPK .KTG # 8+ 4 4QO &CX 2CICPK

2406

2402

.KTG # 8+ 4 4QO &CX 2CICPK .KTG # 8+ 4 4QO &CX 2CICPK

2408

2403

(GKPG 2CVKPC HCUV 5VGORGNINCP\ 8QT\ÒINKEJ 8QT\ÒINKEJ 5GJT UEJÌP

2405

8QT\ÒINKEJ (GKPG 2CVKPC XQT\ÒINKEJ

2407

8QT\ÒINKEJ 5GJT UEJÌPpXQT\ÒINKEJ

2409

.KTG # 8+ 4 4QO CWH FGP ,CJTGUVCI FGT $GGPFKIWPI FGU 'TUVGP 9GNVMTKGIGU &CX 2CICPK 8QT\ÒINKEJ

178

2410

2411

2412

2413

2414

.KTG 4 4QO 8CTKCPVG OKV \YGK 4QUGVVGP KP FGT 4CPFUEJTKHV 2CICPK C 44 (CUV XQT\ÒINKEJ .KTG :+8 4 4QO 2CICPK (CUV 5VGORGNINCP\

4GRWDNKM +VCNKGP .KTG 4QO #NWOKPKWONGIKGTWPI 2CICPK WGTUV UGNVGPGT ,CJTICPI -N -TCV\GT UGJT UEJÌP

.KTG 4 4QO 2CICPK .KTG 4 4QO 2CICPK

.16 &KXGTUG /ÒP\GP FGU WPF ,CJTJWPFGTVU XQO -W %GPVKUKOQ DKU \W .KTG FCTWPVGT DGUUGTG 6[RGP WPF ,CJTI·PIG +PVGTGUUCPVGU .QV DKVVG DGUKEJVKIGP 5VÒEM (CUV UGJT UEJÌPpHCUV 5VGORGNINCP\

2416

%#66#41

(CUV 5VGORGNINCP\ 5VGORGNINCP\

2418

2417

-41#6+'0

7PVGT HTCP\ÌUKUEJGT *GTTUEJCHV (TCPEU ITCXKGTV Y·JTGPF FGT $GNCIGTWPI FWTEJ ÌUVGTTGKEJK UEJG 6TWRRGP I -TQPG ÒDGT +PKVKCNG 0 \YKUEJGP 9GTVCPICDG -CPQPG 5·DGN WPF )GYGJT ÒDGT GKPCPFGT KP .QTDGGTMTCP\ $TCWUG /CPUHGNF 6H &CX 44 5GJT UEJÌP

5VCFV 6CNNGTQ 4GVVQTCNG &CX &WECVQ PWQXQ %0+ 8+ 5

+RGTRGTQ #TVKNWEEQ )TQUUQ Q , %0+ 8+ 5 5 5 HH 5VÒEM 5GJT UEJÌP

4#)75# &7$4180+- /KP LWUVKGTV UGJT UEJÌPpXQT\ÒINKEJ .GKEJV LWUVKGTV UGJT UEJÌP

179

2421

2420

<#&#4

7PVGT HTCP\ÌUKUEJGT *GTTUEJCHV (TCPEU %GPVKOGU 1PEG IGRT·IV Y·JTGPF FGT $GNCIG TWPI FWTEJ ÌUVGTTGKEJKUEJG 6TWRRGP I )GMTÌPVGT #FNGT \YKUEJGP <#4# KP 8KGTGEM 9GTVCPICDG KP 8KGTGEM /KV 4CPFRWP\G 5$ /( 52 $TCWUG /CPUHGNF 6H &CX 44 5GJT UEJÌPpXQT\ÒINKEJ <CFCT KVCN <CTC KUV GKPG *CHGPUVCFV KP -TQCVKGP 'U YCT DKU KO $GUKV\ XQP 8GPGFKI KO ,CJTJWPFGTV *CWRV QTV FGU ÌUVGTTGKEJKUEJGP &CNOCVKGP WPF UGKV IGJÌTV GU \W -TQCVKGP

(ª456'067/

.+'%*6'056'+0

,QJCPP ++ 8GTGKPUVCNGT # &CX -CJPV 6JWP

2422

2424

4 5GJT UEJÌP

2423

.7:'/$74)

9GPEGUNCU + $NCP )TQU Q , .WZGODWTI 2TQDUV . 9GPEGUNCU ++ )CPU )TQU Q , .WZGODWTI 2TQDUV .

5GJT UEJÌP 5GJT UEJÌPpXQT\ÒINKEJ

#FQNH XQP 0CUUCW %GPVKOGU -W 2TQDG I 2TQDUV . 2TCEJVGZGORNCT 0WT 'ZGORNCTG IGRT·IV (CUV 5VGORGNINCP\

2426

2425

,1*#00+6'414&'0

/#.6#

#NQH FG 9KIPCEQWTV 6CTK 4GUVGNNK

'OOCPWGN 2KPVQ 5KNDGTPGT ,GVQP Q , WPUKIPKGTV )GMTÌPVGU 9CRRGP 5V ,QJCPPGU UVGJV X X OKV (CJPG OO I 4GUVGNNK #VVTCMVKXG 2CVKPC UGJT UEJÌP &GT XQTNKGIGPFG ,GVQP KUV OÌINKEJGTYGKUG GKPG 2TQDG \W GKPGO 6CTK 5VÒEM

180

4 8QT\ÒINKEJ

2427

2428

2430

6CTK 4GUVGNNK

(CUV XQT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 2CVKPC

(GTFKPCPF XQP *QORGUEJ 6CTK &CX 4GUVGNNK /KP 4CPFHGJNGT XQT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 6ÌPWPI

(ª456'067/

.QWKU + 5QNU 2G\GVVC FG /G[

(ª456'067/

/10#%1 5EJÌPpUGJT UEJÌP

/106'0')41

0KMQNCWU + 2GTRGTC 9KGP L·JTKIGU 4GIKGTWPIULWDKN·WO - /

8QT\ÒINKEJ

2432

2431

0+'&'4.#0&' /'&#+..'0 *+5614+'2'00+0)'0

5CVKTKUEJG 5KNDGTOGFCKNNG Q , WPUKIPKGTV CWH FKG (TKGFGPUXGTJCPFNWPIGP OKV 5RCPKGP #TIWU OKV *KTVGPUVCD UKV\V N WPVGT GKPGO $CWO \W FGP 5GKVGP 5EJCHG WPF -WJ KJO IGIGPÒDGT UKV\V *GTOGU (NÌVG URKGNGPF )GKUVNKEJG WPF 5QNFCVGP XGTUWEJGP GKP 2TKXKNGI \W GPVHGTPGP FCU CP GKPGT 2CNOG CPIGDTCEJV KUV OO I %QNN (KGYGIGT X .QQP + 5 2CZ KP 0WOOKU 8QT\ÒINKEJGU 'ZGORNCT OKV UEJÌPGT 2CVKPC

5KNDGTOGFCKNNG WPUKIPKGTV CWH FKG 'KPPCJOG FGT 5VCFV )TCGH )TCXG FWTEJ FKG 6TWRRGP FGU /Q TKV\ XQP 0CUUCW 1TCPKGP /CPP UVGJV PCEJ T IGDGWIV WPF JKGXV OKV *KNHG GKPGT *GDGXQTTKEJVWPI GKPGP /ÒJNUVGKP $GMT·P\VGT 5RCVGP KO *KPVGTITWPF 5VCFVCPUKEJV XQP )TCGH OO I X .QQP + 5 8QT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 6ÌPWPI 181

2433

2434

2435

5KNDGTOGFCKNNG XQP 2 * /ÒNNGT CWH FGP 5KGI DGK 1WFGPCCTFG FWTEJ 2TKP\ 'WIGP WPF FGP *GT \QI XQP /CTNDQTQWIJ 5EJNCEJVU\GPG XQT FGT 5VCFVCPUKEJV XQP 1WFGPCCTFG 2TKP\ 'WIGP WPF /CTNDQ TQWIJ CNU &KQUMWTGP TGKVGP T ÒDGT KJPGP \YGK 5VGTPG /KV 4CPFUEJTKHV r 0+. &'52'4#0&8/ 6'8%41 &8%' '6 #852+%' 6'8%41 Û *14 Û OO I (QTUVGT X .QQP +8 5 5NI /QPVGPWQXQ 2QRGNMC 8QT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 2CVKPC

5KNDGTOGFCKNNG WPUKIPKGTV CWH FKG #WHPCJOG FGT 5CN\DWTIGT 'OKITCPVGP /KV PKGFGTN·PFKUEJGT 5EJTKHV 'KP DGJGNOVGT -TKGIGT OKV 5EJYGTV WPF 2HGKNDÒPFGN J·NV OKV UGKPGO TGEJVGP #TO UEJÒV\GPF GKPGP 5EJKNF ÒDGT GKPG 'OKITCPVGPHCOKNKG $GNIKEC UKV\V X X CP /GGTGUWHGT KO TGEJVGP #TO FGT CWH GKPGO 9CRRGPUEJKNF NGJPV J·NV UKG GKPGP 5RGGT OKV (TGKJGKVUJWV QDGP (ÒNNJQTP OKV $NWOGP OO I 4QNN 8GTX X .QQP 8QP ITQGT 5GNVGPJGKV MN 4CPFHGJNGT UGJT UEJÌP

#/56'4&#/

5VCFV 5KNDGTOGFCKNNG XQP , ) *QNV\JG[ CWH FCU L·JTKIG $GUVGJGP FGT 5COUVCI )GUGNNUEJCHVGP CO (GDTWCT )GPKWU OKV )TCPCVCRHGN WPF 9GKPINCU UVGJV CP #NVCT KO *KPVGTITWPF FKG RGTUQPKHK\KGTVG <GKV OKV 5VWPFGPINCU WPF 5GPUG OKV FGT .KPMGP GKPG 9GKPVTCWDG ÒDGT FCU 9GKPINCU JCNVGPF -TCP\ CWU IGMTÌPVGO #OUVGTFCOGT 9CRRGP WPF YGKVGTGP 9CRRGPUEJKNFGP KP FGT /KVVG UGEJU <GKNGP 5EJTKHV OO I 8GTX X .QQP 8QT\ÒINKEJGU 2TCEJVGZGORNCT OKV HGKPGT 2CVKPC

2436

2437

&'8'06'4 %#/2'0 70& <91..'

)GOGKPUEJCHVNKEJ 6CNGT OKV $TWUVDKNF -CTNU 8 &CX &GNO 9KP\ 4CPFHGJNGT OKP 5EJTÌVNKPIUHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

5VCFV 5KNDGTPGT ,GVQP WPUKIPKGTV CWH FKG 'KPPCJOG FGT (GUVWPI 5V #PFT¾ 'KPG WPVGT FGT CO *KOOGN UVGJGPFGP 5QPPG UKEJ XQNN GPVHCNVGPFG $NWOG T GKPG WPVGT FGT WPVGTIGJGPFGP 5QPPG YGNMGPFG $NÒVGPRHNCP\G 2NCP FGT (GUVWPI 5V #PFT¾ \YKUEJGP /CCU WPF 4JGKP OKV CWHOCTUEJKGTGPFGP 6TWRRGP FGT 8GTGKPKIVGP 2TQXKP\GP OO I &WIPKQNNG X .QQP + 5 5GJT UEJÌP

&14&4'%*6

182

2438

2440

2439

)'.&'40

*GT\QIVWO -CTN XQP 'IOQPF 5PCRJCCP Q , &GNO .GKEJVGT &QRRGNUEJNCI UGJT UEJÌP

2TQXKP\ 4GKEJUVCNGT &CX &GNO

5VCFV 5KNDGTOGFCKNNG WPUKIPKGTV 'JTGPICDG CP FKG 5VWFGPVGP FGT 7PKXGTUKV·V )TQPKPIGP #NVCT FCXQT FCU XKGTHGNFKIG 9CRRGP FGT 7PKXGTUKV·V \W FGP 5GKVGP LG GKPG IGFTGJVG 5·WNG CWH FGO #NVCT CDIG UEJNCIGPGT -QRH FCPGDGP UVGJGPFG 2CNNCU \W FGP 5GKVGP (CJPGP WPF #TOCVWTGP 0GWP <GKNGP 5EJTKHV OO I X .QQP +++ 5 9GKNGT 4 *ÒDUEJG 2CVKPC XQT\ÒINKEJGU 'ZGORNCT

5GJT UEJÌP

)410+0)'0

&KG 5VCCVGP XQP )TQPKPIGP WPF 7OIGDWPI D\Y FKG -WTCVQTGP FGT 7PKXGTUKV·V XGTNKGJGP FKG XQTNKGIGPFG /GFCKNNG CP FKG 5VWFGPVGP FGT *QEJUEJWNG )TQPKPIGP CNU 'TKPPGTWPI CP FKG $GHTGKWPI UQYKG KJT /KVYKTMGP DGK FGT 8GTVGKFK IWPI FGT 5VCFV

2441 (doppelt)

*1..#0&

2TQXKP\ &QRRGNVGT &WMCVQP &QRRGNVGT UKNDGTPGT 4GKVGT IGRT·IV KP #OUVGTFCO Y·JTGPF FGT HTCP\ÌUKUEJGP $GNCIGTWPI *QNNCPFU I /10 Ù 018 Ù #4) Ù %10( Ú $'.) Ù 2418 Û *1.. Û È )GJCTPKUEJVGT WPF DGJGNOVGT 4GKVGT T OKV GTJQDGPGO 5EJYGTV FCTWPVGT IGMTÌPVGT .ÌYGP UEJKNF %10%14&+# Û 4'5 Û 2#48 Û %4'5%706 Ü Ü <YGK IGMTÌPVG .ÌYGP JCNVGP IGMTÌPVGP .ÌYGPUEJKNF FCTWPVGT FCU MNGKPG 5VCFVYCRRGP XQP #OUVGTFCO $TCWUG /CPUHGNF 6H &CX &GNO C 4 4 (CUV XQT\ÒINKEJ 9·JTGPF FGU HTCP\ÌUKUEJGP 'KPHCNNU JCVVGP FKG 5V·PFG XQP *QNNCPF DGUEJNQUUGP FCU 5KNDGTIGUEJKTT U·OVNKEJGT $GUKV\GT FGU .CPFGU KP /ÒP\GP WORT·IGP \W NCUUGP #WU #OUVGTFCO YWTFG FGP #DIGQTFPGVGP IGOGNFGV FC FKG TGKEJGP 'KPYQJPGT KJTG -QUVDCTMGKVGP CWU FGP $CPMGP CWU FKGUGO )TWPF \WTÒEM\KGJGP YÒTFGP WPF OCP DCV WO FCU 4GEJV FCU PQEJ XQTJCPFGPG )QNF WPF 5KNDGT KP XQNNYGTVKIG 5VÒEMG CWURT·IGP \W FÒTHGP 0CEJ 2TQVGUVGP XQP CPFGTGP RT·IG DGTGEJVKIVGP JQNN·PFKUEJGP 5V·FVGP FKG FCTKP GKPGP 'KPITKHH KP KJT /ÒP\TGEJV UCJGP YWTFG KP FGP ,CJTGP WPF FCPP FQEJ FKG JQJG 5WOOG XQP /KNNKQPGP 5RGEKGUVCNGTP KP PWT /QPCVGP CWUIGRT·IV

183

2443

2442

.';&'0

5VCFV 5KNDGTPGT ,GVQP Q , WPUKPIKGTV CWH FKG $GNCIGTWPI FGT 5VCFV .G[FGP KO ,CJT &GT PKGFGT N·PFKUEJG .ÌYG UVGJV N OKV GTJQDGPGO 5EJYGTV FKG .KPMG CWH FCU IGMTÌPVG 5VCFVYCRRGP XQP .G[FGP IGNGIV 5KGDGP <GKNGP 5EJTKHV OO I &WIPKQNNG X .QQP + 5 5GJT UEJÌP

764'%*6

2TQXKP\ 5KNDGTOGFCKNNG WPUKIPKGTV CWH FKG 5EJNCEJV DGK 0KGWYRQQTV )GMTÌPVGU XKGTHGNFKIGU 9CRRGP 5EJNCEJVU\GPG CWU FGT 8QIGNRGTURGMVKXG KO *KPVGTITWPF 5EJKHHG CWH 5GG OO I X .QQP + 5 8QT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 2CVKPC

2444

2446

2445

&WMCVQP &CX &GNO &WMCVQP 5KNDGTPGT 4GKVGT &CX &GNO

5VCFV 5KNDGTOGFCKNNG XQP / *QNV\JG[ CWH FKG ,CJTHGKGT FGT 7PKXGTUKV·V 7VTGEJV 5VCFVIÌVVKP XQP 7VTGEJV KO $KUEJQHUIGYCPF QRHGTV CP #NVCT N FCJKPVGT UKV\GP CWH GKPGO 2TWPMUQHC OKV FGO 5VCFVYCRRGP XQP 7VTGEJV FKG RGTUQPKHK\KGTVG )GUWPFJGKV 4GNKIKQP )GTGEJVKIMGKV WPF FKG 9GKUJGKV 5VTCJNGPFG 5QPPG ÒDGT .CPFUEJCHV KO *KPVGTITWPF FKG 5VCFVCPUKEJV XQP 7VTGEJV OO I 8GTX X .QQP 44 *ÒDUEJG 2CVKPC YKP\ 4CPFHGJNGT UGJT UEJÌP

184

5GJT UEJÌP 8QT\ÒINKEJ

2447

2448

8+#0'0

*GKPTKEJ XQP $TGFGTQFG *GKPTKEJUVCNGT Q , &CX &GNO 4 44 5EJTÌVNKPIUTK YKP\ -TCV\GT UGJT UEJÌP

6CNGT Q , &CX &GNO 4

*ÒDUEJG 2CVKPC UGJT UEJÌP

2449

2450

<91..'

5VCFV 6CNGT OKV 6KVGN 4WFQNHU ++ &CX &GNO

(CUV UGJT UEJÌP

.WFYKI 0CRQNGQP 5VÒDGT 7VTGEJV &CX 5EJWNOCP 5GJT UEJÌPpXQT\ÒINKEJ

-¤0+)4'+%* *1..#0&

2451

0149')'0

-¤0+)4'+%*

(TGFGTKM +8 -TQPG /CTM -QPIUDGTI #JNUVTÌO &CX -N 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

2452 1,5:1

-¤0+)4'+%*

2453

1,5:1

21.'0

1,5:1

$KUEJÌHNKEJG 2T·IWPIGP FGU ,CJTJWPFGTU 4CPFRHGPPKI I -QRH FGU ,QJCPPGU X X -TGW\ KP FGP 9KPMGNP 2WPMV 9KPMGN OKV 2WPMV 2WPMV 9KPMGN OKV 2WPMV )WO XCT 5GJT UEJÌP

$QNGUNCY +++ 5EJKGHOWPF &GPCT I 8CTKCPVG OKV $' CPUVCVV $1 4KVVGT UVGJV X X OKV .CP\G -KTEJG )WO XCT 8QP ITÌVGT 5GNVGPJGKV 5GJT UEJÌP

185

1,5:1

2454

2455

1,5:1

2456

&GPCT I 6JTQPGPFGT *GT\QI X X OKV GTJQDGPGT .KPMGP WPF 5EJYGTV -TGW\ OKV -WIGNP KP FGP 9KPMGNP )WO XCT 4 -N 2T·IGUEJY·EJG XQT\ÒINKEJ

&GPCT I 6JTQPGPFGT *GT\QI X X OKV GTJQDGPGT .KPMGP WPF 5EJYGTV -TGW\ OKV -WIGNP KP FGP 9KPMGNP )WO XCT 4 5GJT UEJÌPpXQT\ÒINKEJ

&GPCT I 5VGJGPFGT $KUEJQH WPF (ÒTUV X X -TGW\ OKV GKP\GKNKIGT 7OUEJTKHV )WO 5GJT UEJÌP

2458

2457

1,5:1

$TCMVGCV I $KUEJQH UVGJV X X -QRH PCEJ N IGYCPFV FCXQT MPKGPFGT (ÒTUV )WO 8QP ITQGT 5GNVGPJGKV -N 2T·IGUEJY·EJG HCUV XQT\ÒINKEJ

$TCMVGCV I $KUEJQH UVGJV X X -QRH PCEJ XQTP IGYCPFV FCXQT MPKGPFGT (ÒTUV )WO NGKEJV XCT 8QP ITQGT 5GNVGPJGKV -N 2T·IGUEJY·EJG HCUV XQT\ÒINKEJ

2460

2459 1,5:1

1,5:1

2461 1,5:1

-CUKOKT + $TCMVGCV WPDGUVKOOVG /ÒP\UV·VVG I &8: #<+/+4 TÒEMN·WHKI $TWUV DKNF T OKV /KVTC WPF -TWOOUVCD )WO $ *CE\GYUMC KP 0QVCG 0WOKUOCVKECG +++ +8 -TCMCW 0T 44 8QT\ÒINKEJ

$TCMVGCV WPDGUVKOOVG /ÒP\UV·VVG I &TGKDQIGP FCTKP $TWUVDKNF X X FKG *·PFG GTJQDGP )WO $ *CE\GYUMC KP 0QVCG 0WOKUOCVKECG +++ +8 -TCMCW 0T 4 8QT\ÒINKEJ

$TCMVGCV WPDGUVKOOVG /ÒP\UV·VVG I $GJGNOVGT (ÒTUV UVGJV X X OKV 5EJYGTV WPF (CJPG PGDGP FGO 5EJYGTV 4KPIGN WPVGP T FTGK YGKVGTG 4KPIGN WPVGP N 6WTO )WO $ *CE\GYUMC KP 0QVCG 0WOKUOCVKECG +++ +8 -TCMCW 0T 4 8QT\ÒINKEJ

186

2463

2462

2464

1,5:1

$TCMVGCV WPDGUVKOOVG /ÒP\UV·VVG I $TWUVDKNF X X N XKGT -WIGNP T 2CNO\YGKI FCTÒDGT &TGK DQIGP FCTCWH GKP ITQGT 6WTO \YKUEJGP \YGK YGKVGTGP MNGKPGTGP 6ÒTOGP )WO $ *CE\GYUMC KP 0QVCG 0WOKUOCVKECG +++ +8 -TCMCW 0T 4 8QT\ÒINKEJ

$TCMVGCV WPDGUVKOOVG /ÒP\UV·VVG I $TWUVDKNF X X WPVGT $CNFCEJKP FCTÒDGT JGDT·KUEJG 5EJTKHV \GKEJGP )WO $ *CE\GYUMC KP 0QVCG 0WOKUOCVKECG +++ +8 -TCMCW 0T 4 8QT\ÒINKEJ

$TCMVGCV WPDGUVKOOVG /ÒP\UV·VVG I /CWGT OKV 6QTDQIGP FCTKP -TGW\ FCTÒDGT GKP ITQGT 6WTO \YKUEJGP \YGK YGKVGTGP MNGKPGTGP 6ÒTOGP )WO $ *CE\GYUMC KP 0QVCG 0WOKUOCVKECG +++ +8 -TCMCW 0T 4 5GJT UEJÌPpXQT\ÒINKEJ

2465

2466

1,5:1

2467

1,5:1

$TCMVGCV WPDGUVKOOVG /ÒP\UV·VVG I &QRRGNHCFGPMTGW\ KP FGT /KVVG 4KPIGN WOIGDGP XQP XKGT 2WPMVGP KP FGP -TGW\YKPMGNP 6KGTFCTUVGNNWPIGP )WO $ *CE\GYUMC KP 0QVCG 0WOKUOCVKECG +++ +8 -TCMCW 0T 4 8QT\ÒINKEJp5VGORGNINCP\

$TCMVGCV WPDGUVKOOVG /ÒP\UV·VVG I )GHNÒIGNVGT &TCEJGP FGP -QRH \WTÒEMIGYCPFV )WO $ *CE\GYUMC KP 0QVCG 0WOKUOCVKECG +++ +8 -TCMCW 0T 44 8QT\ÒINKEJ

'PFG FGU :+++ ,CJTJWPFGTVU -PQRHDTCMVGCV I 6WTO \YKUEJGP \YGK 5VGTPGP )WO 5GJT UEJÌP

2469

2468 1,5:1

1,5:1

5EJNGUKGP KO ,CJTJWPFGTV $TCMVGCV I -QRH X X \YKUEJGP (CJPG WPF 6WTO QDGP -TGW\ )WO (TKGFGPUDWTI 4 5GJT UEJÌPpXQT\ÒINKEJ

9NCFKUNCWU + 'NNGPNCPI *QJNRHGPPKI 5CPFQOKGT\ I 2HGKN PCEJ N WPF T KP FGT /KVVG GKPG -WIGN )WO -QRKEMK 44 (CUV UGJT UEJÌP

2470

*GKPTKEJ +++ XQP 8CNQKU (TCPE F CTIGPV / 6QWNQWUG &WRNGUU[ ªDGTFWTEJUEJPKVVNKEJ GTJCNVGP 5GJT UEJÌP

*GKPTKEJ +++ XQP 8CNQKU YWTFG \WO RQNPKUEJGP -ÌPKI IGMTÌPV GTÌHHPGVG CDGT KP 2QNGP MGKPG /ÒP\UV·VVG 5GKV TGIKGTVG *GKPTKEJ KP (TCPMTGKEJ 5GKPG HTCP\ÌUKUEJGP 2T·IWPIGP VTCIGP CNNG FGP RQNPKUEJGP 6KVGN 4': 21.10+' CWEJ FKG PCEJ FGO 4GIKGTWPIUCPVTKVV FGU 2QNGPMÌPKIU 5VGRJCP $CVJQT[ IGRT·IVGP 5VÒEMG

187

2471

2473

2472

5VGRJCP $CVJQT[ )TÌUEJGT 2T·IWPI FGT 5VCFV 4KIC )WO 0GWOCPP D 8QT\ÒINKEJ

5KIKUOWPF +++ )TÌUEJGT 2T·IWPI FGT 5VCFV 4KIC )WO 0GWOCPP 5GJT UEJÌPpXQT\ÒINKEJ

)TÌUEJGT -TCMCW )WO

8QT\ÒINKEJ

2474

#WIWUV ++ FGT 5VCTMG 5KNDGTOGFCKNNG XQP ) 9 8GUVPGT CWH FGP MÌPKINKEJ RQNPK UEJGP WPF MWTHÒTUVNKEJ U·EJUKUEJGP #OVUJCWRVOCPP )GQTI XQP )ÒPVJGT )GJCTPKUEJVGU $TWUVDKNF HCUV X X OKV WOIGNGIVGO /CPVGN $GJGNOVGU XKGTHGNFKIGU 9CRRGP OO I $GTPJGKOGT 8QP ITQGT 5GNVGPJGKV 5GJT UEJÌP

2475

#WIWUV +++ 5KNDGTOGFCKNNG XQP * 2 )TQMWTV CWH UGKPG -TÌPWPI \WO -ÌPKI )GJCTPKUEJVGU $TWUVDKNF T OKV 7OJCPI -TÌPWPIUU\GPG OO I * %\ 5NI /GT UGD 5GJT UEJÌPpXQT\ÒINKEJ

2476

2477

1TV 6CNGT 6KORH .GKR\KI )WO

4 (CUV XQT\ÒINKEJ

5VCPKUNCWU #WIWUV 6CNGT <NQV[ 9CTUEJCW &CX )WO 5GJT UEJÌP

188

2479

2478

0KMQNCWU + XQP 4WNCPF <NQV[ 4WDGN 5V 2GVGTUDWTI &CX FQTV WPVGT 4WNCPF )WO 5GJT UEJÌP

<NQV[ 4WDGN 9CTUEJCW )WO

*ÒDUEJG 2CVKPC UGJT UEJÌP

2481

2480

2483

2484

)TQUEJGP 9CTUEJCW /KV 2WPMV JKPVGT FGT 9GTV\CJN )WO

(CUV 5VGORGNINCP\

4GXQNWVKQP <NQV[ -) 9CTUEJCW 2T·IWPI FGT #WHUV·PFKUEJGP )WO 8QT\ÒINKEJ

<NQV[ -) 9CTUEJCW 2T·IWPI FGT #WHUV·PFKUEJGP )WO 5GJT UEJÌPpXQT\ÒINKEJ 4GRWDNKM <NQV[ * $KTOKPIJCO -GJTRT·IWPI )WO 4 8QT\ÒINKEJ <NQV[ * $KTOKPIJCO -GJTRT·IWPI )WO 4 8QT\ÒINKEJp5VGORGNINCP\

.16 &KXGTUG -NGKPOÒP\GP FGU ,CJTJWPFGTVU XQO 5EJKNNKPI DKU \WO *CNDIWNFGP FCTWPVGT 2T·IWPIGP XQP &CP\KI 4KIC WPF 6JQTP +PVGTGUUCPVGU .QV DKVVG DGUKEJVKIGP 5VÒEM 5EJÌPpUGJT UEJÌP

2486 1,5:1

1,5:1

&#0<+)

5VCFV )TQUEJGP OKV 6KVGN 5VGRJCP $CVJQT[U &WVMQYUMK 5WEJCPGM )WO 2TCEJVGZGORNCT (CUV 5VGORGNINCP\

2487

1TV 4GKEJUVCNGT OKV 6KVGN 5KIKUOWPFU +++ /KV /ÒP\\GKEJGP 5EJKNF OKV $·TGP VCV\G CWH FGT 9CRRGPUGKVG &WVMQYUMK 5WEJCPGM ++ XCT 8QT\ÒINKEJ

189

2488

5KNDGTOGFCKNNG XQP , *ÌJP CWH FGP $GUWEJ FGU RQNPKUEJGP -ÌPKIU ,QJCPP -CUKOKT KP FGT 5VCFV &CP\KI &KG RGTUQPKHK\KGTVG 'KPVTCEJV UVGJV X X \YKUEJGP \YGK DNÒJGPFGP 5VT·WEJGTP WPF J·NV CP HNCVVGTPFGP $N·VVGTP OKV FGT 4GEJVGP \YGK *GT\GP WPF OKV FGT .KPMGP FKG 9CRRGPUEJKNFG XQP 2QNGP WPF &CP\KI QDGP UEJYGDGP \YGK 'PIGN KP 9QNMGP GKPG -TQPG JCNVGPF )GMTÌPVGT #FNGT ÒDGT FGT 5VCFVCPUKEJV XQP &CP\KI KO *KPVGTITWPF QHHGPG 5GG OKV 5EJKHHGP QDGP UVTCJNGPFGT 0COG ,GJQXCU OO I &WVMQYUMK 5WEJCPGM C 8QT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 2CVKPC

2489

2491 1:2

2490 1:2

'.$+0)

5VCFV )TQUEJGP OKV 6KVGN 5KIKUOWPFU + &WVMQYUMK 5WEJCPGM ªDGTFWTEJUEJPKVVNKEJ GTJCNVGP 5GJT UEJÌPpXQT\ÒINKEJ

2#2+'4)'.& 21.'0

7PVGT TWUUKUEJGT *GTTUEJCHV 4WDGN 2KEM # 4WDGN 2KEM #

+8 +++p+8

5GJT UEJÌP

2492

-¤0+)4'+%* 190

21467)#.

,QJCPP +++ 6QUVCQ Q , 2QTVQ )QOGU , XCT

2493

-¤0+)4'+%*

47/ 0+'0

-CTN + 5KNDGTOGFCKNNG XQP ( 9 -WNNTKEJ CWH FKG 2TQMNCOCVKQP FGU -ÌPKITGKEJGU 4WO·PKGP -QRH N <GKNGP 5EJTKHV CWH GKPGT 6CHGN FKG CP LGFGT 5GKVG OKV GKPGT -TQPG WPF <YGKIGP XGT\KGTV KUV OO I 5QOOGT - 8QT\ÒINKEJ

2495

2494

2496

.GW 8 9KGP 4CWVC

8QT\ÒINKEJp5VGORGNINCP\

-W $CP 4CWVC C FQTV KP XGTIQNFGVGT $TQP\G 44 0WT 'ZGORNCTG IGRT·IV (CUV 5VGORGNINCP\

$TQP\G $CP 4CWVC C XCT FQTV KP XGTIQNFGVGT $TQP\G 44 0WT 'ZGORNCTG IGRT·IV (CUV 5VGORGNINCP\

2497

-#+5'44'+%*

4755.#0&

#NGZGK /KEJCKNQYKVUEJ $TQP\GOGFCKNNG XQP 5 ,WFKP XGTOWVNKEJ UR·VGTG 2T·IWPI FGU ,CJTJWPFGTVU CWH FKG )GDWTV UGKPGU 5QJPGU 2GVGT FGU UR·VGTGP -CKUGTU 2GVGT + FGT )TQG CO /CK $TWUVDKNF FGU <CTGP WPF UGKPGT )GOCJNKP 0CVCNKC -KTKNNQXPC T 'KP 'PIGN CWH 9QNMGP ÒDGTIKDV FGT RGTUQPKHK\KGTVGP 4WUUNCPF FCU 0GWIGDQTGPG OO &KCMQX 8QT\ÒINKEJp5VGORGNINCP\

191

1,5:1

2498

1,5:1

2GVGT + FGT )TQG %JGMJ 5GXUM HÒT FKG 7MTCKPG )GOGKPUEJCHVURT·IWPI OKV +XCP 8 WPF 2TKP\GUUKP 5QRJKC &KCMQX HH 5GXGTKP 8QP ITQGT 5GNVGPJGKV /KP (WPFDGNCI UGJT UEJÌP

2499

$TQP\GOGFCKNNG WPUKIPKGTV XQP 6 +YCPQHH XGTOWVNKEJ UR·VGTG 2T·IWPI FGU ,CJTJWPFGTVU CWH FKG 'TDCWWPI FGU -TQPUEJNQUUGU #PUKEJV FGU 5EJNQUUGU 5QPPG WPF 9QNMGP ÒDGT FGO DCNVKUEJGP /GGT OKV \YGK 5GIGNUEJKHHGP KO 8QTFGTITWPF /KPGTXC FKG CWH GKPG /ÌYG KP KJTGO 0GUV \GKIV OO &KCMQX (CUV 5VGORGNINCP\

2501

2500

2502

4WDGN /QUMCW &CX

$TQP\GOGFCKNNG XQP 6 +YCPQHH XGTOWVNKEJ UR·VGTG 2T·IWPI FGU ,CJTJWPFGTVU CWH FKG 'TQDG TWPI XQP 'NDKPI )GJCTPKUEJVGU $TWUVDKNF T OKV .QTDGGTMTCP\ WPF WOIGNGIVGO /CPVGN (GUVWPIURNCP XQP 'NDKPI KO 8QTFGTITWPF TWUUKUEJGT 5QNFCV WPF (NWIQVV OO &WVMQYUMK 5WEJCPGM &KCMQX 8QT\ÒINKEJ

$TQP\GOGFCKNNG XQP 6 +YCPQHH XGTOWVNKEJ UR·VGTG 2T·IWPI FGU ,CJTJWPFGTVU CWH FKG 'TQDG TWPI XQP 8KDQTI )GJCTPKUEJVGU $TWUVDKNF T OKV .QTDGGTMTCP\ WPF WOIGNGIVGO /CPVGN #FNGT KO (NWI ITGKHV GKPGP 4GKJGT CP FCTWPVGT (GUVWPIURNCP XQP 8KDQTI OO &KCMQX (CUV XQT\ÒINKEJ

192

#VVTCMVKXGU 'ZGORNCT OKV HGKPGT 2CVKPC UGJT UEJÌP

2503

2504

$TQP\GOGFCKNNG XQP 6 +YCPQHH WPF / -WEJMKP XGTOWVNKEJ URÂ·VGTG 2TÂ·IWPI FGU ,CJTJWP FGTVU CWH FKG 'TQDGTWPI XQP 4KIC )GJCTPKUEJVGU $TWUVDKNF T OKV .QTDGGTMTCP\ WPF WOIGNGIVGO /CPVGN #PUKEJV FGT DGUEJQUUGPGP 5VCFV OO &KCMQX 8QT\Ã&#x2019;INKEJ

$TQP\GOGFCKNNG XQP 6 +YCPQHH WPF 2 $QDTQXUEJKMQX XGTOWVNKEJ URÂ·VGTG 2TÂ·IWPI FGU ,CJT JWPFGTVU CWH FKG 'TQDGTWPI FGT (GUVWPI &Ã&#x2019;PCOÃ&#x2019;PFG JGWVG &CWICXITKXC .GVVNCPF )GJCTPKUEJVGU $TWUVDKNF T OKV .QTDGGTMTCP\ WPF WOIGNGIVGO /CPVGN 2NCP FGT (GUVWPI FCXQT NCIGTV FGT (NWÂIQVV &Ã&#x2019;PC OO &KCMQX (CUV XQT\Ã&#x2019;INKEJ

$TQP\GOGFCKNNG XQP 6 +YCPQHH XGTOWVNKEJ URÂ·VGTG 2TÂ·IWPI FGU ,CJTJWPFGTVU CWH FKG 'TQDG TWPI XQP 2GTPCW JGWVG 2Â·TPW 'UVNCPF )GJCTPKUEJVGU $TWUVDKNF T OKV .QTDGGTMTCP\ WPF WOIGNGIVGO /CPVGN 2CNNCU #VJGPG OKV 5EJYGTV UVGJV T WPF JÂ·NV OKV FGT .KPMGP .QTDGGT\YGKI WPF 5VCFVMTQPG Ã&#x2019;DGT GKPGP 2QFGUV OKV FGO (GUVWPIURNCP XQP 2GTPCW OO &KCMQX 8QT\Ã&#x2019;INKEJ

2506

2505

2507

$TQP\GOGFCKNNG XQP 6 +YCPQHH XGTOWVNKEJ URÂ·VGTG 2TÂ·IWPI FGU ,CJTJWPFGTVU CWH FKG 'TQDG TWPI XQP #TGPUDWTI JGWVG -WTGUUCCTG +PUGN Â¤UGN 'UVNCPF )GJCTPKUEJVGU $TWUVDKNF T OKV .QTDGGT MTCP\ WPF WOIGNGIVGO /CPVGN -PKGPFG .KXQPKC Ã&#x2019;DGTTGKEJV FGO <CTGP FKG 5VCFVMTQPG WPF FGP (G UVWPIURNCP OO &KCMQX 8QT\Ã&#x2019;INKEJ

$TQP\GOGFCKNNG XQP 6 +YCPQHH XGTOWVNKEJ URÂ·VGTG 2TÂ·IWPI FGU ,CJTJWPFGTVU CWH FKG 'TQDG TWPI XQP -GZJQNO JGWVG 2TKQULQTUM 4WÂNCPF )GJCTPKUEJVGU $TWUVDKNF T OKV .QTDGGTMTCP\ WPF WOIG NGIVGO /CPVGN (GUVWPIURNCP XQP -GZJQNO KO 8QTFGTITWPF T UKV\V /CTU OKV 5VCFVMTQPG KP FGT GTJQDGPGP 4GEJVGP OO &KCMQX 8QT\Ã&#x2019;INKEJ

193

2509

2508

$TQP\GOGFCKNNG XQP 6 +YCPQHH XGTOWVNKEJ UR·VGTG 2T·IWPI FGU ,CJTJWPFGTVU CWH FKG 'TQDG TWPI XQP 4GXCN JGWVG 6CNNKP 'UVNCPF )GJCTPKUEJVGU $TWUVDKNF T OKV .QTDGGTMTCP\ WPF WOIGNGIVGO /CPVGN )GPKWU OKV 5VCFVMTQPG ÒDGT FGO )TWPFTK FGT 5VCFV OO &KCMQX *GPMGNURWT XQT\ÒINKEJ

$TQP\GOGFCKNNG XQP 6 +YCPQHH XGTOWVNKEJ UR·VGTG 2T·IWPI FGU ,CJTJWPFGTVU CWH FKG OKNKV· TKUEJGP 'THQNIG FGU ,CJTGU )GJCTPKUEJVGU $TWUVDKNF T OKV .QTDGGTMTCP\ WPF WOIGNGIVGO /CPVGN &GT TWUUKUEJG &QRRGNCFNGT WOIGDGP XQP -CTVWUEJGP OKV FGP #PUKEJVGP XQP 4GXCN 8KDQTI 4KIC #TGPU DGTI %CTGNC 2GTPC &ÒPCOÒPFG WPF 'NDKPI I &KCMQX 8QT\ÒINKEJ

2510

5KNDGTOGFCKNNG XQP 1 -CNCUJPKMQX XGTOWVNKEJ UR·VGTG 2T·IWPI FGU ,CJTJWPFGTVU CWH FCU #WUNCWHGP FGT TWUUKUEJGP (NQVVG \WO \YGKVGP #PITKHH IGIGP (KPPNCPF )GJCTPKUEJVGU $TWUVDKNF T OKV .QTDGGTMTCP\ WPF WOIGNGIVGO /CPVGN 5GIGNUEJKHH OKV 0GRVWP WOJGT MNGKPGTG 5GIGNUEJKHHG WPF $GK DQQVG KO *KPVGTITWPF N UVTCJNGPFG 5QPPG WPF 9QNMGP OO I &KCMQX 44 2TCEJVGZGORNCT (GKPG 2CVKPC OKP 4CPFHGJNGT XQT\ÒINKEJp5VGORGNINCP\

2511

2512

194

-QRGMGP #NV[P M[TKNNKUEJ /QUMCW $KVMKP HH 4WDGN M[TKNNKUEJ /QUMCW &CX

2512

4 (CUV UGJT UEJÌP 5GJT UEJÌP

2513

4WDGN M[TKNNKUEJ /QUMCW &CX (CUV UGJT UEJÌP 4WDGN M[TKNNKUEJ /QUMCW &CX 5GJT CVVTCMVKXGU 'ZGORNCT OKV JÒDUEJGT 2CVKPC XQT\ÒINKEJ 4WDGN /QUMCW &CX 5GNVGP KP FKGUGT 'TJCNVWPI 9KP\ 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

2516

2515

2514

4WDGN /QUMCW &CX 4WDGN /QUMCW &CX

2518

2517

5EJTÌVNKPIUHGJNGT UEJÌP UGJT UEJÌP 5GJT UEJÌP

2520

-CVJCTKPC + 4WDGN 5V 2GVGTUDWTI $TWUVDKNF T XQP WPIGYÌJPNKEJGO 5EJPKVV 4GKEJUCFNGT 7OUEJTKHV OKV MNGKPGO 9 &CX 44 9KP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

2GVGT ++ 4WDGN /QUMCW &CX #PPC 4WDGN /QUMCW &CX

5GJT UEJÌP 8QT\ÒINKEJ

195

2523 2521

2521

4WDGN /QUMCW &CX 4WDGN /QUMCW &CX 4WDGN /QUMCW -CFCUJGXUM[ $KVMKP HH

2524

(CUV UGJT UEJÌP 5EJÌPpUGJT UEJÌP -N 4CPFHGJNGT HCUV XQT\ÒINKEJ

2527

2526

4WDGN 5V 2GVGTUDWTI &CX

.QV 4WDGN /QUMCW &CX 4WDGN /QUMCW &CX 4WDGN 5V 2GVGTUDWTI &CX 5VÒEM *GPMGNURWT WPF *KV\GURWTGP Z UEJÌPpUGJT UEJÌP

+XCP +++ 4WDGN 5V 2GVGTUDWTI &CX 'NKUCDGVJ 4WDGN 5V 2GVGTUDWTI &CX

2528

196

4WDGN /QUMCW &CX 4WDGN /QUMCW &CX

*GPMGNURWT UGJT UEJÌP

4 -N 5VGORGNHGJNGT UGJT UEJÌP (CUV UGJT UEJÌP

2529

(CUV UGJT UEJÌP (CUV UGJT UEJÌP

2530

2531

2532

4WDGN 5V 2GVGTUDWTI &CX 4WDGN 5V 2GVGTUDWTI &CX

(CUV UGJT UEJÌP (CUV UGJT UEJÌP

4WDGN /QUMCW &CX 5GNVGP KP FKGUGT 'TJCNVWPI /KP DGTKGDGP CVVTCMVKXGU XQT\ÒINKEJGU 'ZGORNCT

2534

2533

4WDGN 5V 2GVGTUDWTI &CX 4WDGN 5V 2GVGTUDWTI $KVMKP 4

5GJT UEJÌP 5EJTÌVNKPIUHGJNGT HCUV XQT\ÒINKEJ

8QT\ÒINKEJ

-N -TCV\GT HCUV UGJT UEJÌP 5EJÌP 8QT\ÒINKEJ

2535

-QRGMGP 5V 2GVGTUDWTI $KVMKP

2536

2GVGT +++ 4WDGN 5V 2GVGTUDWTI &CX 4WDGN 5V 2GVGTUDWTI &CX -CVJCTKPC ++ 4WDGN 5V 2GVGTUDWTI &CX

2538

197

2540

2539

4WDGN 5V 2GVGTUDWTI &CX 4WDGN 5V 2GVGTUDWTI &CX

)GTGKPKIV UGJT UEJÌP 9KP\ -TCV\GT UGJT UEJÌP

2542

2541

4WDGN 5V 2GVGTUDWTI &CX

44 -N -TCV\GT MN 5EJTÌVNKPIUHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

4WDGN 5V 2GVGTUDWTI &CX 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

2543

2544

4WDGN 5V 2GVGTUDWTI &CX 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 9KP\ 5VGORGNTKUUG CWH FGT 8QTFGTUGKVG XQT\ÒINKEJp5VGORGNINCP\

4WDGN 5V 2GVGTUDWTI &CX 5GNVGP KP FKGUGT 'TJCNVWPI (GKPG 2CVKPC MN 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

2545

2547

2547 2546

198

-W -QRGMGP -QN[XCP HÒT 5KDKTKGP $TGMMG 5GNVGPGU ,CJT 8QT\ÒINKEJGU 2TCEJVGZGORNCT 4WDGN 5V 2GVGTUDWTI &CX 5GJT UEJÌP -W -QRGMGP -QN[XCP HÒT 5KDKTKGP $TGMMG 5GJT UEJÌP

2548

2549

2550

-QRGMGP )TKXGPPKM 5V 2GVGTUDWTI $KVMKP 4WDGN 2QNWRQNVKPPKM 5V 2GVGTUDWTI $KVMKP 4WDGN 2QNWRQNVKPPKM 5V 2GVGTUDWTI $KVMKP

8QT\ÒINKEJ 5GJT UEJÌP (GKPG 6ÌPWPI UGJT UEJÌP

2551

2552

4WDGN ,CJTGU\CJN WPFGWVNKEJ 5V 2GVGTUDWTI &CX 4 -N 2T·IGUEJY·EJG WPF YKP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

2CWN + -W -QRGMGP 'MCVGTKPDWTI $TGMMG

5GJT UEJÌP

-CVJCTKPC ++ DGUEJNQ KP KJTGO NGV\VGP 4GIKGTWPIULCJT GKPG IGYCNVKIG /ÒP\TGHQTO &KG -WRHGTOÒP\GP \W -Q RGMGP YWTFGP WO CDIGYGTVGV KPFGO UKG OKV PGWGP 5VGORGNP OKV FGO 9GTV -QRGMGP WPF FGT ,CJTGU\CJN ÒDGTRT·IV YWTFGP 0CEJ FGO 6QF -CVJCTKPCU CO 0QXGODGT UVQRRVG <CT 2CWN + FKGUG #MVKQP WPXGT \ÒINKEJ WPF NKG FKG ÒDGTRT·IVGP /ÒP\GP YKGFGTWO OKV FGP CNVGP 5VGORGNP WPF FGT WTURTÒPINKEJGP ,CJTGU\CJN ÒDGTRT·IGP &CU -QRGMGP 5VÒEM FCU KO ,CJT HÒT GKPKIG /QPCVG \W GKPGO -QRGMGP 5VÒEM IGYQTFGP YCT IGJÌTV UQOKV \W FGP PWOKUOCVKUEJ DGUQPFGTU KPVGTGUUCPVGP 'TUEJGKPWPIGP FGT TWUUKUEJGP /ÒP\IGUEJKEJVG

2553

2554

4WDGN 2QNWRQNVKPPKM 5V 2GVGTUDWTI $KVMKP 4WDGN 2QNWRQNVKPPKM 5V 2GVGTUDWTI $KVMKP

4 5GJT UEJÌP -N 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

2555 2556

4WDGN 5V 2GVGTUDWTI &CX #NGZCPFGT + -W -QRGMGP 'MCVGTKPDWTI $TGMMG

2556

8QT\ÒINKEJ (CUV XQT\ÒINKEJ

199

2558

2557

-W -QRGMG 'MCVGTKPDWTI $TGMMG 4WDGN 5V 2GVGTUDWTI &CX

2558

4 5GJT UEJÌPpXQT\ÒINKEJ (CUV XQT\ÒINKEJ

2560

2559

-W -QRGMGP 'MCVGTKPDWTI $TGMMG

-N 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

5KNDGTOGFCKNNG XQP & ( QFGT ( 9 .QQU CWH FCU $ÒPFPKU OKV 2TGWGP &KG WPKHQTOKGTVGP $TWUVDKNFGT <CT #NGZCPFGTU + WPF (TKGFTKEJ 9KNJGNOU +++ XQP 2TGWGP GKPCPFGT IGIGPÒDGT &GPMUVGKP OKV FGP 9CRRGPUEJKNFGP XQP 4WNCPF WPF 2TGWGP FKG XQP GKPGT 'KEJGPIKTNCPFG WOTCPMV YGTFGP \W FGP 5GKVGP 9CHHGP OO I /CTKGPD 5QOOGT # -N 4CPFHGJNGT XQT\ÒINKEJ

0CEJ 0CRQNGQPU IGUEJGKVGTVGO (GNF\WI IGIGP 4WNCPF WPF FGT XQP )GPGTCN ;QTEM GKIGPO·EJVKI TCVKHK\KGTVGP -QP XGPVKQP XQP 6CWTQIIGP UEJNQUUGP #NGZCPFGT + WPF (TKGFTKEJ 9KNJGNO +++ KP -CNKUEJ GKP $ÒPFPKU IGIGP 0CRQNGQP FGO FGT DGTÒJOVG #WHTWH FGU RTGWKUEJGP -ÌPKIU #P OGKP 8QNM HQNIVG &KG $GHTGKWPIUMTKGIG DGICPPGP

2561

2562

4WDGN 5V 2GVGTUDWTI +P 75 2NCUVKMJQNFGT FGT 0)% OKV FGT $GYGTVWPI /5 &CX 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 5VGORGNINCP\

4WDGN 5V 2GVGTUDWTI &CX

2563

9KP\ 4CPFHGJNGT UGJT UEJÌP

2564

0KMQNCWU + -W -QRGMGP -QN[XCP HÒT 5KDKTKGP $TGMMG 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT 'TUVCDUEJNCI (CUV 5VGORGNINCP\

-W -QRGMGP -QN[XCP HÒT 5KDKTKGP $TGMMG 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 'TUVCDUEJNCI (CUV 5VGORGNINCP\

200

2565 2566

-W -QRGMGP -QN[XCP HÒT 5KDKTKGP $TGMMG 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 'TUVCDUEJNCI 5VGORGNINCP\

-W -QRGMGP -QN[XCP HÒT 5KDKTKGP $TGMMG 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT 'TUVCDUEJNCI 5VGORGNINCP\

2568

2567

-W -QRGMGP -QN[XCP HÒT 5KDKTKGP $TGMMG 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 'TUVCDUEJNCI 5VGORGNINCP\

-W -QRGMG -QN[XCP HÒT 5KDKTKGP $TGMMG 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 'TUVCDUEJNCI 5VGORGNINCP\

2569

$TQP\GOGFCKNNG XQP 2 .LCNKP CWH FKG ªDGTHÒJTWPI FGT 7PKXGTUKV·V KP FCU )GD·WFG FGT -QNNG IKGP -QRH N OKV .QTDGGTMTCP\ WOJGT 5VGTPGPMTCP\ 9GKDNKEJG )GUVCNV UKV\V X X OKV 5VCD WPF 5EJTKHVVCHGN CWH FGT FKG ,CJTGU\CJNGP WPF \W NGUGP UKPF WOJGT YKUUGPUEJCHVNKEJG #VVTKDWVG WPF 9CRRGPUEJKNF OO 5OKTPQX 5GJT UEJÌPpXQT\ÒINKEJ

2570

2571

2570

-W -QRGMG -QN[XCP HÒT 5KDKTKGP $TGMMG 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 'TUVCDUEJNCI 5VGORGNINCP\

4WDGN 5V 2GVGTUDWTI CWH FKG 'KPYGKJWPI FGU $QTQFKPQ &GPMOCNU &CX

8QT\ÒINKEJ

201

2573

2572

2572 2574

-W -QRGMGP -QN[XCP HÒT 5KDKTKGP $TGMMG 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT 'TUVCDUEJNCI 5VGORGNINCP\

-W -QRGMGP -QN[XCP HÒT 5KDKTKGP $TGMMG 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 'TUVCDUEJNCI 5VGORGNINCP\

2575

2576

4WDGN 5V 2GVGTUDWTI &CX 4WDGN 5V 2GVGTUDWTI &CX

2577

8QT\ÒINKEJ 8QT\ÒINKEJ

2579

2580

4WDGN 5V 2GVGTUDWTI &CX 4WDGN 9CTUEJCW &CX 4WDGN 9CTUEJCW &CX 4WDGN 5V 2GVGTUDWTI &CX

/GUUKPI 8GTFKGPUVOGFCKNNG CO $CPF -QRH T &KG 4GIKGTWPIUFCVGP FGU <CTGP &C\W 0KMQNCWU ++ /GUUKPI 8GTFKGPUVOGFCKNNG CO $CPF -QRH FGU <CTGP 2GVGT + N 5EJTKHV 5VÒEM 8QT\ÒINKEJ

202

8QT\ÒINKEJ 5GJT UEJÌPpXQT\ÒINKEJ 8QT\ÒINKEJ 8QT\ÒINKEJ

2582

#NGZCPFGT ++ 4WDGN 5V 2GVGTUDWTI &CX 5GJT UGNVGPGT ,CJTICPI 8QT\ÒINKEJ

'ZGORNCT FGT 5NI #PVQPKP 2TQMQR #WMVKQP #WTGC 2TCI 0T

2584

2583

4WDGN 5V 2GVGTUDWTI &GPMOCN HÒT 0KMQNCWU + &CX 4WDGN 5V 2GVGTUDWTI &GPMOCN HÒT 0KMQNCWU + &CX 4WDGN 5V 2GVGTUDWTI &GPMOCN HÒT 0KMQNCWU + &CX

2586

(GKPG 2CVKPC HCUV XQT\ÒINKEJ 5GJT UEJÌPpXQT\ÒINKEJ -N 4CPFHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

2587

-W -QRGMGP 'MCVGTKPDWTI $TGMMG

2TQDG GKPGU -QRGMGP 5VÒEMU '/ $TÒUUGN -WRHGT 0KEMGN <KPP .GIKGTWPI I -TQPG ÒDGT &QRRGNCFNGT 9GTV KP -TCP\ $KVMKP * 8QP ITQGT 5GNVGPJGKV 5VGORGNINCP\

2TCEJVGZGORNCT (CUV 5VGORGNINCP\

2590

2588

$TQP\GOGFCKNNG XQP 6 / -QWVEJMKPG CWH FKG ,CJTHGKGT FGT \CTKUVKUEJGP )GUGNNUEJCHV HÒT ¤MQPQOKG /GFCKNNQPU OKV FGP $ÒUVGP XQP -CVJCTKPC ++ WPF #NGZCPFGT ++ GKPCPFGT IGIGPÒDGT WOJGT NCPFYKTVUEJCHVNKEJG #VVTKDWVG QDGP 'PIGN OKV -TCP\ $KGPGPMQTD CWH 6KUEJ OO 5OKTPQX 8QT\ÒINKEJ

4WDGN 5V 2GVGTUDWTI &CX 5VÒEM 5GJT UEJÌP WPF HCUV XQT\ÒINKEJ #NGZCPFGT +++ <QNQVPKMU Q , 5V 2GVGTUDWTI $KVMKP -N 4CPFHGJNGT UGJT UEJÌP

203

2591

2592

4WDGN 5V 2GVGTUDWTI &CX FQTV WPVGT #NGZCPFGT ++ 4WDGN 5V 2GVGTUDWTI &CX FQTV WPVGT #NGZCPFGT ++

8QT\ÒINKEJp5VGORGNINCP\ 5GJT UEJÌP

0KMQNCWU ++ 4WDGN 5V 2GVGTUDWTI D\Y 2CTKU &CX 8CTKCPVGP $GTKGDGP UGJT UEJÌP WPF UGJT UEJÌP

2594

4WDGN 5V 2GVGTUDWTI &CX 4WDGN 5V 2GVGTUDWTI &CX

2596

2595

8QT\ÒINKEJp5VGORGNINCP\ (CUV XQT\ÒINKEJ

2597

4WDGN 5V 2GVGTUDWTI CWH FKG ,CJTHGKGT FGU 5KGIGU ÒDGT 0CRQNGQP &CX 8QT\ÒINKEJp5VGORGNINCP\

4WDGN 5V 2GVGTUDWTI &CX

8QT\ÒINKEJ

8QT\ÒINKEJ 8QT\ÒINKEJ 4 /KP DGTKGDGP XQT\ÒINKEJ

2598

4WDGN 5V 2GVGTUDWTI &CX 4WDGN 5V 2GVGTUDWTI &CX 4WDGN 5V 2GVGTUDWTI &CX

2601

204

4WDGN 5V 2GVGTUDWTI &CX 4WDGN 5V 2GVGTUDWTI &CX

2600

2602

8QT\ÒINKEJ 8QT\ÒINKEJ

2603

5QYLGVWPKQP 4WDGN ;GQ %

-N 4CPFHGJNGT NGKEJV DGTKGDGP UGJT UEJÌP

.165 -#+5'44'+%* 4755.#0&

-NGKPG 5COONWPI TWUUKUEJGT /ÒP\GP FGU ,CJTJWPFGTVU XQP FGT -W -QRGMG DKU \WO 4WDGN W C 4WDGN GVE &C\W GKPKIG PQTYGIK UEJG /ÒP\GP +PVGTGUUCPVGU .QV OKV DGUUGTGP 5VÒEMGP WPF \WO 6GKN JÒDUEJGP 3WCNKV·VGP DKVVG DGUKEJVK IGP 5VÒEM 5EJÌPpXQT\ÒINKEJ

5COONWPI TWUUKUEJGT /ÒP\GP WPF /GFCKNNGP FGU WPF ,CJTJWPFGTVU FCTWPVGT /GFCKNNGP WPF ,GVQPU -WRHGT WPF 5KNDGTOÒP\GP XQO -W &GPIC DKU \WO 4WDGN WPF 6TQRHMQRGMGP *QEJKPVGTGUUCPVGU .QV DKVVG DGUKEJVKIGP 5VÒEM /GKUV UGJT UEJÌP

-N 5COONWPI XQP /ÒP\GP FGU ,CJTJWPFGTVU XQP FGT -W -QRGMG DKU \WO 4WDGN &C\W GKPKIG /ÒP\GP XQP .KVCWGP +PVGTGUUCPVGU .QV DKVVG DGUKEJVKIGP EC 5VÒEM 5GJT UEJÌPp5VGORGNINCP\

#NGZCPFGT +++ 4WDGN UGNVGPGT ,CJTICPI 5V 2GVGTUDWTI &CX FQTV WPVGT #NGZ CPFGT ++ 0KMQNCWU ++ 4WDGN DGKFG 5V 2GVGTUDWTI &CX Z -QRG MGP 5V 2GVGTUDWTI $KVMKP 5VÒEM 4CPFHGJNGT Z HCUV UGJT UEJÌP WPF UGJT UEJÌP

2609 1:3 2608 1:3

2#2+'4)'.& 4755.#0&

/WUVGTUEJGKP \W 4WDGN &WTEJ 6KPVGPMTGW\ GPVYGTVGV 2KEM \W # C 8QP ITÌVGT 5GNVGPJGKV +++ /WUVGTUEJGKP \W 4WDGN &WTEJ 6KPVGPMTGW\ GPVYGTVGV 2KEM \W # C 8QP ITQGT 5GNVGPJGKV +++p+8

2611 1:3 2610 1:3

/WUVGTUEJGKP \W 4WDGN &WTEJ 6KPVGPMTGW\ GPVYGTVGV 2KEM \W # C 8QP ITQGT 5GNVGPJGKV +++ /WUVGTUEJGKP \W 4WDGN &WTEJ 6KPVGPMTGW\ GPVYGTVGV 2KEM \W # C 44 +++

205

2613 1:3 2612 1:3

4WDGN 2KEM # 4WDGN 2KEM #

2614 1:3

44 +++ 4 +++p+8

4 +++p+8 +8p8

2615 1:3

4WDGN 2KEM # 4WDGN 2KEM #

.16 2#2+'4)'.& 4WDGN 2KEM # 8+ 4WDGN 2KEM # 44 8++ 4WDGN 2KEM # 8QP ITQGT 5GNVGPJGKV 8++ 4WDGN 2KEM # )GTKUUGP WPF JKPVGTMNGDV 8++ 4WDGN 2KEM # 44 )GTKUUGP WPF JKPVGTMNGDV 8++ &C\W YGKVGTG 5EJGKPG KP -QRGMGP WPF 4WDGNITÌG 5VÒEM FCTWPVGT 5GNVGPJGKVGP OGKUV 8+ 8++ *QEJKPVGTGUUCPVGU .QV VTQV\ UEJNGEJVGT 'TJCNVWPI CNU $GNGIUVÒEMG DTCWEJDCT 5EJGKPG 8+p8++

2617

1,5:1

-¤0+)4'+%*

1,5:1

2618

5%*9'&'0

)WUVCX 8CUC -NKRRG \W 5MKNNKPI 2GPPKPICT Q , *GFGOQTC QFGT 5Ì FGTMÌRKPI ! I 0CEJCJOWPI F·PKUEJGT /ÒP\GP #JNUVTÌO 4 5GJT UEJÌP

&CNGT 5XCTVULÌ #JNUVTÌO D &CX

206

*GTXQTTCIGPFGU %JTKUVWURQTVT·V XQT\ÒINKEJ

2619 2620

2620

)WUVCX ++ #FQNH #EJVGEMKIG 5KNDGTOGFCKNNG WPUKIPKGTV CWH FGP -CORH FGT FGWVUEJGP 2TQVGUVCPVGP IGIGP FKG (GKPFG FGT 4GNKIKQPUHTGKJGKV )GJCTPKUEJVGU $TWUVDKNF JCNDT OKV WOIGNGIVGT (GNFDKPFG 'KPG *CPF J·NV GKP 5EJYGTV CWHTGEJV PCEJ QDGP WOJGT KP 5EJTGKDUEJTKHV m *KG 5EJYGTF FGU *GTP WPF )KFGQP KP 5EJTGKDUEJTKHV Z Z OO I *KNFGDTCPF + 5 -N *GPMGNURWT MN -TCV\GT UGJT UEJÌP -CTN :+ /CTM 5VQEMJQNO #JNUVTÌO C 5GJT UEJÌPpXQT\ÒINKEJ

2622

2621

/CTM 5VQEMJQNO #JNUVTÌO /CTM 5VQEMJQNO #JNUVTÌO &CX

2623

2621

5GJT UEJÌPpXQT\ÒINKEJ 8QT\ÒINKEJGU 'ZGORNCT OKV UEJÌPGT 2CVKPC

2625

2624 (doppelt)

-CTN :++ 4KMUFCNGT 5VQEMJQNO #JNUVTÌO C &CX

(TKGFTKEJ + 4KMUFCNGT 5VQEMJQNO I (4+&'4+% Û '6 Û 7.4 Û '.'10 Û & Û ) Û 4': '6 4') Û 58'% Û &KG $TWUVDKNFGT (TKGFTKEJU WPF UGKPGT )GOCJNKP 7NTKMC 'NGQPQTCU PGDGP GKPCPFGT T <YGK IGMTÌPVG .ÌYGP JCNVGP FGP IGMTÌPVGP 9CRRGPUEJKNF FCTWPVGT FKG ,CJTGU\CJN + KP 2CNO\YGKIGP QDGP 5EJTKHV )WF YCTV JQRR Û #JNUVTÌO &CX 8QP ITQGT 5GNVGPJGKV 8QT\ÒINKEJ

5GJT UEJÌPpXQT\ÒINKEJ

4KMUFCNGT 5VQEMJQNO #JNUVTÌO &CX

*ÒDUEJG 2CVKPC XQT\ÒINKEJ

207

2626

2627

)WUVCX +++ 4KMUFCNGT &CNGT 5KNXGTO[PV 5VQEMJQNO #JNUVTÌO 5GJT UEJÌPpXQT\ÒINKEJ

-CTN :8 4KMUFCNGT 5VQEMJQNO #JNUVTÌO C &CX (GKPG 2CVKPC HCUV XQT\ÒINKEJ

2629

2628

5%*9'+<

$#5'.

5VCFV 6CNGT &CX & 6 6CNGT &CX & 6 6CNGT &CX & 6

2631

2630

6CNGT &CX & 6

8QT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 6ÌPWPI 8QT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 6ÌPWPI 2TCEJVGZGORNCT OKV HGKPGT 6ÌPWPI (CUV 5VGORGNINCP\

2632

8QT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 6ÌPWPI

$'40

208

5VCFV .KXTGU #0 ++ XQP (TCPMTGKEJ %QPXGPVKQP /ÒP\UV·VVG 2CTKU OKV \YGK )G IGPUVGORGNP XQP $GTP #WH FGT 8QTFGTUGKVG 5VCFVYCRRGP CWH FGT 4ÒEMUGKVG $< Û $CV\GP &CX \W )CFQWT[ \W /C\CTF \W /ÒP\G UEJÌP )GIGPUVGORGN UGJT UEJÌP

5VWFGPVGPRHGPPKI Q , CD )GMTÌPVGU WPF XGT\KGTVGU 9CRRGP QDGP 'PIGNUMÌRHEJGP 7PVGT UVTCJNGPFGO &TGKGEM GKP UVGKNGT $GTI CWH FGO FGT 6GORGN FGU 9KUUGPU UVGJV OO I 5VW FGPVGPRHGPPKI Q , WO )GMTÌPVGU URKV\GU 9CRRGP \YKUEJGP .QTDGGT\YGKIGP .GJTGT WPF 5EJÒNGT XQT GKPGO UVGKNGP $GTI CWH FGO FGT 6GORGN FGU 9KUUGPU UVGJV OO I )[OPCUKCN RT·OKG Q , )GMTÌPVGU URKV\GU 9CRRGP \YKUEJGP .QTDGGT\YGKIGP )GMTÌPVG 5VCFVIÌVVKP OKV GTJQDGPGT 4GEJVGP UVGJV XQT GKPGO 2CNODCWO OO I 5EJYGK\GT /GFCKNNGP #WMVKQP .GW <ÒTKEJ 0T 5VÒEM 8QT\ÒINKEJ

2634 2635

%*74

5VCFV -TGW\GT & 6 D

5GJT UEJÌPpXQT\ÒINKEJ

#DVGK $GFC #PIGJTP 6CNGT &CX & 6 C (CUV XQT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 2CVKPC

56 )#..'0

2636

2637

9##&6

-CPVQP (TCPMGP .CWUCPPG & 6

9KP\ -TCV\GT XQT\ÒINKEJ

&KG XQTNKGIGPFG /ÒP\G YWTFG GTUV KO ,CJTG IGRT·IV WPF CPN·NKEJ FGU 5EJÒV\GPHGUVGU \WO ,CJTGUVCI FGT 9CCFVN·PFGT 8GTHCUUWPI CNU 2TGKU XGTIGDGP

<7)

5VCFV 6CNGT & 6 D

5GJT UEJÌP

2638 2639 (doppelt)

<ª4+%*

#DVGK (TCWOÒPUVGT 'KPUGKVKIGT 2HGPPKI WO I $ÒUVG FGT DVKUUKP FGU (TCWOÒPUVGTU X X OKV 5EJNGKGT \YKUEJGP < + 8 $GTIGT *ÒTNKOCPP NGKEJV XCT 5NI 9ÒVJTKEJ NGKEJV XCT 5GJT UEJÌPpXQT\ÒINKEJ

5VCFV &QRRGNVCNGT I .ÌYG UVGJV N OKV 5EJYGTV WPF FGO 5VCFVYCRRGP XQP <ÒTKEJ )G MTÌPVGT &QRRGNCFNGT &CX & 6 C 44 5GJT UEJÌP

'ZGORNCT FGT 5NI 9ÒVJTKEJ #WMVKQP /ÒP\GP WPF /GFCKNNGP # ) $CUGN 0T

209

2641

2640

6CNGT &CX & 6 O 6CNGT &CX & 6 R

8QT\ÒINKEJ 5GJT CVVTCMVKXGU 'ZGORNCT OKV JÒDUEJGT 2CVKPC (CUV XQT\ÒINKEJ

2642

2643

-CPVQP $CV\GP & 6 C

(CUV XQT\ÒINKEJ

$CV\GP 0GWVCNGT 5 5QNQVJWTP &CX */< .GKEJV LWUVKGTV JÒDUEJG 2CVKPC XQT\ÒINKEJ

*'.8'6+5%*' 4'27$.+-

2644 2645

'+&)'0155'05%*#(6

(TCPMGP $GTP &KXQ 5GNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT (CUV 5VGORGNINCP\ 5%*ª6<'06#.'4 (TCPMGP $GTP 'KFIGPÌUUKUEJGU (TGKUEJKGGP KP <ÒTKEJ &CX &KXQ 5 0WT 'ZGORNCTG IGRT·IV 8QT\ÒINKEJ .16 &KXGTUG /ÒP\GP FGU ,CJTJWPFGTVU XQO 4CRRGP DKU \W (TCPMGP W C (TCPMGP

5EJÒV\GPHGUV KP .CWUCPPG <ÒTKEJ 6CNGT GVE +PVGTGUUCPVGU .QV DKVVG DGUKEJVKIGP 5VÒEM <WO 6GKN OKV MNGKPGP (GJNGTP UEJÌPpHCUV 5VGORGNINCP\

2647

2649

5'4$+'0

#NGZCPFGT + &KPCTC - / 8QT\ÒINKEJp5VGORGNINCP\ .16 7OHCPITGKEJG 5COONWPI \WOGKUV 5KNDGTOÒP\GP XQP 5GTDKGP ,WIQUNCYKGP 4WO·PKGP ¤UVGT TGKEJ WPF 7PICTP FCTWPVGT XKGNG DGUUGTG 5VÒEMG YKG \ $ 5GTDKGP &KPCTC &KPCTC &KPCTC WPF \CJNTGKEJG -TQPGPUVÒEMG +PVGTGUUCPVGU .QV DKVVG DGUKEJVKIGP 5VÒEM &KG 5COONWPI DGHKPFGV UKEJ KP CVVTCMVKXGP OKV 5COV CWUIGNGIVGP *QN\XKVTKPGP 5EJÌPpXQT\ÒINKEJ

$#4%'.10# 210

52#0+'0

,QUG 0CRQNGQP 2GUGVCU $CTEGNQPC % % 6

5GJT UEJÌP

2651

2650

-¤0+)4'+%*

(GNKRG +8 4GCNGU 5GIQXKC % % 6 &CX -QTTQFKGTVGU (WPFGZGORNCT UGJT UEJÌP

(GNKRG 8 5KNDGTOGFCKNNG XQP 2J 4QGVVKGTU CWH FKG -TKGIUGTMN·TWPI 5RCPKGPU IGIGP 2QTVWICN )GJCTPKUEJVGU $TWUVDKNF T &GT DGJGNOVG URCPKUEJG .ÌYG UVGJV N OKV GTJQDGPGO 5EJYGTV WPF URCPKUEJGP 9CRRGPUEJKNF OO I &WIPKQNNG X .QQP +8 XIN 5 5GJT UEJÌPpXQT\ÒINKEJ

.16 5COONWPI XQP %QDU FGU URCPKUEJGP 4CWOGU 2JKNKRR ++ 4GCNGU Q , 2QVQUK 4GCNGU 5GIQXKC 5GXKNNC 6QNGFQ Z Q , /GZKMQ Z Q , 2QVQUK 4GCNGU 5GXKNNC ! 8CNNCFQNKF Z 2JKNKRR +++ 4GCNGU Q , /GZKMQ Z /G ZKMQ 4GCNGU 5GXKNNC 6QNGFQ 6QNGFQ Q , 2QVQUK 4GCNGU 5GXKNNC %CTNQU +++ 4GCNGU 2QVQUK 2QVQUK +PVGTGUUCPVGU .QV OGKUV OKV <KVC VGP 5VÒEM Z IGNQEJV UEJÌPpUGJT UEJÌP

2653

$¤*/'0 / *4'0

2654

2655

65%*'%*+'0

$TGVKUNCWU + &GPCT 2TCI I <YGK (KIWTGP OKV $CWEJHCNVG WPF <GRVGT 8GT\KGTVGU -TGW\ %CEJ #WMVKQP .CP\ :+++ )TC\ 44 .GKEJV IGYGNNV MN 5EJTÌVNKPIUHGJNGT CO 4CPF UGJT UEJÌP

65%*'%*15.19#-'+

4GRWDNKM *CNGTW - / -QTWP - /

2656

44 8QT\ÒINKEJp5VGORGNINCP\ (CUV 5VGORGNINCP\

2657

2658

70)#40

)¾\C &GPCT I )NGKEJCTOKIGU -TGW\ OKV MNGKPGP -GKNGP KP FGP 9KPMGNP KP GKPGO 9KPMGN UVCVV GKPGO -GKN GKP -TGW\ )NGKEJCTOKIGU -TGW\ OKV MNGKPGP -GKNGP KP FGP 9KPMGNP *WU\CT NGKEJV XCT 5GJT UEJÌP

.CFKUNCWU + &GPCT I &TGK .CPIMTGW\G OKV LG \YGK MWIGNCTVKIGP -PQVGP -TGW\ *WU\CT 8QT\ÒINKEJ

&GPCT I -TGW\ CP FGP 'PFGP LG \YGK *CNDOQPFG KP FGP 9KPMGNP LG GKP -TGW\ -TGW\ *WU\CT 5GJT UEJÌP

4GIGPVUEJCHV FGU 4GKEJUXGTYGUGTU /KMNÉU *QTVJ[ 2TQDG -TQPGP .G .QENG 0KEMGN I *WU\CT 5VCTMG &TWEMUVGNNG HCUV UGJT UEJÌP

211

/ª0<'0 70& /'&#+..'0 #75 ª$'45''

2661

2660

);26'0

(WCF 2KCUVGT #* - /

(CUV XQT\ÒINKEJ

%*+.' #4#7%#0+'0 70& 2#6#)10+'0 0'7(4#0-4'+%*

1TNNKG #PVQKPG 2GUQ I )GMTÌPVGU XKGTHGNFKIGU 9CRRGP KP 5VGTPGPMTCP\ 9GTV WPF ,CJT KP FTGK <GKNGP QDGP 5VGTPGPDQIGP WPVGP IGMTGW\VG .QTDGGT\YGKIG 4 %JCNQP KP 4GXWG $GNIG FG 0WOKUOCVKSWG XIN 5 HH RN ++ 0T FQTV -W %GPVCXQU - / 5NI (QPTQDGTV

XIN FQTV -W %GPVCXQU 8QP ITQGT 5GNVGPJGKV 8QT\ÒINKEJ

&GT -ÌPKI 1TNNKG #PVQKPG YCT GKP HTCP\ÌUKUEJGT #FXQMCV CWU FGO 2¾TKIWGWZ 'U IGNCPI KJO FKG 5V·OOG FGT #T CWECPKGT \W XGTGKPGP YQTCWHJKP GT XQP KJPGP \WO -ÌPKI CWUIGTWHGP YWTFG FCOKV UKG UKEJ %JKNG YKFGTUGV\GP MQPP VGP #WH GKPGT 4WPFTGKUG YWTFG GT XQP FGP %JKNGPGP IGHCPIGPIGPQOOGP 0CEJ N·PIGTGO 2TQ\G YWTFG GT PCEJ 'WTQRC CDIGUEJQDGP 'T IKPI PCEJ 'PINCPF WPF GTNKG GKP HNCOOGPFGU /CPKHGUV IGIGP %JKNG &GT -TKGI FGT #TCWECPKGT IGIGP %JKNG IKPI VTQV\FGO YGKVGT 0CEJ XGTUWEJVG FGT -ÌPKI \WTÒEM\WMGJTGP 5GKP 5EJKHH YWTFG CDGT DGK UGKPGT NGV\VGP 4GKUG XQP #TIGPVKPKGP CWHIGDTCEJV WPF GT YWTFG PCEJ %JKNG CWUIGNKGHGTV 1TNNKG #PVQKPG UVCTD XGTCTOV KP FGT &QTFQIPG

2662

2663

%*+0#

-YCPI *UW 5KNDGTOGFCKNNG Q , *·NHVG FGU ,CJTJWPFGTVU WPUKIPKGTV CWH FGP $GUWEJ FGU -CKUGTRCCTGU KP &GWVUEJNCPF $TWUVDKNF FGU -CKUGTU -YCPI *UW X X \YKUEJGP &TCEJG WPF 5EJTKHV\GKEJGP $TWUVDKNF UGKPGT )GOCJNKP -CKUGTKP 6UW *K HCUV X X N 5EJTKHV\GKEJGP T 5EJTKHV OO I 9WT\DCEJ 8QT\ÒINKEJ

4GRWDNKM &QNNCT Q , CWH FKG 9CJN XQP .K ;WCP *WPI \WO 8K\GRT·UKFGPVGP &CX -CPP 5GJT UEJÌP

2664

2665

&QNNCT Q , CWH FKG 8GTGKPKIWPI XQP 0QTF WPF 5ÒFEJKPC WPF FKG 9CJN XQP ;WCP 5JKJ -CK \WO 2T·UKFGPVGP &CX -CPP 5GJT UEJÌPpXQT\ÒINKEJ

&QNNCT Q , CWH FKG #OVUGKPUGV\WPI XQP 6UCQ -WP CNU 2T·UKFGPV &CX -CPP 8QT\ÒINKEJ

212

2666

2667

&QNNCT Q , CWH FKG 8GTGKPKIWPI FGT 4GRWDNKM WPVGT 2T·UKFGPV 6WCP %JK ,WK &CX -CPP 8QT\ÒINKEJ

)7#6'/#.#

4GRWDNKM 3WGV\CN - /

44 8QT\ÒINKEJp5VGORGNINCP\

8QP FGP WTURTÒPINKEJ JGTIGUVGNNVGP 'ZGORNCTGP FKGUGU 3WGV\CNU YWTFGP KP FGP ,CJTGP WPF 5VÒEMG YKGFGT GKPIG\QIGP WPF GKPIGUEJOQN\GP 8QP FGP ÒDTKIGP YWTFG GKPG YGKVGTG WPDGMCPPVG #P\CJN GKPIG UEJOQN\GP UQ FC JGWVG PWT PQEJ GKP IGTKPIGT 6GKN FGT #WHNCIG GZKUVKGTV

2668

2669

2670

*#9#++

-CNCMCWC &QNNCT - /

5GJT UEJÌP

5EJÌPG 2CVKPC HCUV XQT\ÒINKEJ

%CTNQU WPF ,WCPC 4GCNGU Q , / . /GZKMQ )TQXG -N 5EJTÌVNKPIUHGJNGT CO 4CPF UGJT UEJÌP

-1.7/$+'0

4GRWDNKM CD %GPVCXQU - / C

/':+-1

2671

%CTNQU +++ 5KNDGTPG 2T·OKGPOGFCKNNG XQP ) # )KN CWH FKG 'TTKEJVWPI FGT MÌPKINK EJGP #MCFGOKG FGT 4GEJVG $TWUVDKNF T OKV 1TFGPUMGVVG WPF 1TFGPUDCPF #WH GKPGO (GNUGP UVGJV GKP OKV FGO URCPKUEJGP 9CRRGP IGUEJOÒEMVGT 6KUEJ WO FGP UKEJ GKP -TKGIGT FTGK )ÌVVKPPGP WPF GKPG MPKGPFG )GUVCNV DGHKPFGP KO 8QTFGTITWPF N GKP 2KNIGT WPF T GKP UKV\GPFGT /CPP OO I 5NI 'TDUVGKP 5NI (QPTQDGTV 9WT\DCEJ FQTV KP $TQP\G 5GJT UEJÌPpXQT\ÒINKEJ 213

2672

2673

2674

%CTNQU +8 5KNDGTOGFCKNNG XQP ) # )KN CWH UGKPG 2TQMNCOCVKQP KP /GZKMQ $TWUV DKNF T OKV WOIGNGIVGO 1TFGPUMTGW\ )GMTÌPVGT 9CRRGPUEJKNF WOJGT 9CHHGP FCJKPVGT #FNGT OO I 5NI (QPTQDGTV FQTV KP $TQP\G 8QT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 6ÌPWPI

5KNDGTOGFCKNNG XQP ) # )KN CWH FGP XQP FGT -ÌPKIKP IGUVKHVGVGP /CTKC .QWKUC 1TFGP $TWUVDKNF /CTKC .QWKUCU T OKV &KCFGO &KG VJTQPGPFG -ÌPKIKP XGTNGKJV FGP 1TFGP CP XQT KJT MPKGPFG WPF UVGJGPFG &COGP WPF *GTTGP NKPMU \YGK )GPKGP CP 7TPG QDGP (COC CWH 9QNMGP /KV 4CPFUEJTKHV &# /# )7#&'.172' &' /10%#&# ; $'44+1 .# *+<1 #%70#4 '0 /':+-1 #01 8GT\KGTWPIGP OO I 5NI (QPTQDGTV 44 8QT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 6ÌPWPI

(GTPCPFQ 8++ 5KNDGTOGFCKNNG XQP 6 5WTKC CWH FKG 'TTKEJVWPI FGU <GPVTCNTCVGU 2GTUQPKHK\KGTVGU /GZKMQ OKV (GFGTMTQPG 2HGKN WPF -ÌEJGT *·WRVNKPIUUVCD ! WPF $NWOGPMTCP\ CNU +PFKCPGTKP DGMNGKFGV UVGJV FGT RGTUQPKHK\KGTVGP 'URCPC OKV (TGKJGKVUUVCD WPF QXCNGO 5EJKNF IGIGPÒDGT KO *KPVGTITWPF FTGK \WIGDWPFGPG )GNFDGWVGN \GTDTQEJGPG #TOCVWTGP WPF GKP )GPKWU OKV &QNEJ WPF 5RGGT +P GKPGO 5CCN OKV FTGKUVWHKIGT 'TJÌJWPI \YKUEJGP \YGK 5·WNGP UKV\GP FTGK /·PPGT KP 7PKHQTO CP GKPGO OKV 2N·PGP DGFGEMVGP 6KUEJ KO 8QTFGTITWPF GKP IGMTÌPVGT .ÌYG FGT \YGK 'TFJ·NHVGP OKV FGP 2TCPMGP \WUCOOGPJ·NV WPF GKP (CUEGUDÒPFGN KO 5CCN \GTUVTGWV FKG #VVTKDWVG FGT -ÒPUVG WPF FGU *CP FGNU OO I 5NI (QPTQDGTV FQTV KP $TQP\G *ÒDUEJG 2CVKPC OKP 5EJTÌVNKPIUHGJNGT KO 4CPF XQT\ÒINKEJ

2675

214

5KNDGTOGFCKNNG XQP 2 8 4QFTKIWG\ CWH UGKPG 2TQMNCOCVKQP KP /GZKMQ $TWUVDKNF T OKV .QTDGGT MTCP\ /GTMWT UEJTGKVGV T OKV (CJPG WPF /GTMWTUVCD KO *KPVGTITWPF 5GIGNUEJKHH XQT *CHGPGKPHCJTV OO I (QTTGT 5 5NI (QPTQDGTV *GTTNKEJG 2CVKPC XQT\ÒINKEJ

2676

2677

8'4'+0+)6' 56##6'0 810 #/'4+-# 75#

(ÌFGTCVKQP -W .CTIG %GPV 2JKNCFGNRJKC .KDGTV[ &TCRGF DWUV V[RG ;GQ 5 -N 5VGORGNHGJNGT UGJT UEJÌP

&QNNCT %GPVU 2JKNCFGNRJKC .KDGTV[ %CRRGF $WUV V[RG ;GQ 5 (GKPG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

2678 1,5:1

1,5:1

&QNNCT 2JKNCFGNRJKC .KDGTV[ UVCPFKPI ;GQ 5

5VGORGNINCP\

2679

0GY ;QTM 5KNDGTOGFCKNNG Q , XQP * 8 .GVMGOCPP 'JTGPRTGKU FGT 8GTGKPKIVGP &GWVUEJGP )GUGNN UEJCHVGP FGT 5VCFV 0GY ;QTM 5EJTKHVDCPF ÒDGT 9CRRGP FCJKPVGT CWHIGJGPFG 5QPPG $.'+$ 56'65 '+0 *146 &'/ &'765%*'0 9146 <YGK 9CRRGPUEJKNFG KP FGT /KVVG 'KEJGP\YGKI /KV 4CPF RWP\G (5 OO I 8QT\ÒINKEJ

2680

#00#/

8+'60#/

6JKGW 6TK .CPI Q , 5EJTQGFGT

5GJT UEJÌPpXQT\ÒINKEJ

215

*#$5$74)+5%*' '4$.#0&' ¤56'44'+%*

2681

4¤/+5%* &'765%*'5 4'+%*

/CZKOKNKCP + &QRRGNVGT 5EJCWIWNFKPGT IGRT·IV KP #PVYGTRGP CWH FKG #P PCJOG FGU -CKUGTVKVGNU I 5VGORGNUEJPGKFGT 7NTKEJ 7TUGPVJCNGT &GT IGJCTPKUEJVG -CKUGT TGKVGV T OKV *GNO WPF IGUEJWNVGTVGT 4GKEJUHCJPG XQT FGO 4Q 4QUGVVG )GMTÌPVGU 9CRRGP WOIGDGP XQP UKGDGP MNGKPGTGP 9CRRGP WOJGT GKP -TCP\ CWU YGKVGTGP 9CRRGP &CX 'II / 6 FQTV CNU )QNFCDUEJNCI \W &WMCVGP 44 (GNFGT CNVIGUVKEJGNV UGJT UEJÌP 'II DGOGTMV KP UGKPGO 9GTM ÒDGT FKG /ÒP\GP -CKUGT /CZKOKNKCPU FC FCU 5EJCWUVÒEM XQP KP FGP HQNIGPFGP ,CJTGP UEJGKPDCT KOOGT YKGFGT IGRT·IV YWTFG #NU UKEJ FGT -CKUGT KP FGP 0KGFGTNCPFGP CWHJKGNV HQTFGTVG GT FTGK 5VGORGNGKUGP FGT *CNNGT /ÒP\G CP WO FQTV 'JTGPRHGPPKIG RT·IGP \W MÌPPGP 0CEJ NCPIGO <ÌIGTP UCPFVG FKG 6KTQNGT 4GIKGTWPI UEJNKGNKEJ FTGK 'KUGP FKG UKG CDGT OKV GKPGT 4QUGVVG CWH FGT 8QTFGTUGKVGP &CTUVGNNWPI MGPPVNKEJ OCEJVG YKG GU CWEJ DGK FGO XQTNKGIGPFGP 5VÒEM FGT (CNN KUV &KG -TÌPWPIUFQRRGNIWNFKPGT UKPF V[RKUEJG 4GRT·UGPVCVKQPUUVÒEMG WPF 2TQRCICPFCIGRT·IG &GT -CKUGT KO *CTPKUEJ \W 2HGTF GPVURTKEJV FGT +FGG FGU ITQGP /CZKOKNKCPFGPMOCNU KP 5V 7NTKEJ WPF #HTC KP #WIUDWTI FCU PKG XQNNGPFGV YWTFG CDGT KP XKGNGP <GKEJPWPIGP WPF *QN\UEJPKVVGP GTJCNVGP KUV &KG 4ÒEMUGKVG OKV FGP 9CRRGP FGT UKGDGP -ÌPKITGKEJG WPF .·PFGT KUV GKPGU FGT XKGNGP $GKURKGNG HÒT FKG #DUKEJV /CZKOKNKCPU FWTEJ 9CRRGPMQODKPCVKQPGP 'KPFTWEM \W OCEJGP WPF UGKPG +FGG CNU -ÌPKI XKGNGT 2TQXKP\GP 'WTQRCU WPF O·EJVKIUVGT (ÒTUV \W FQMWOGPVKGTGP /CZKOKNKCP + 9KGPGT 0GWUVCFV Ó 9GNU JGKTCVGVG /CTKC XQP $WTIWPF YWTFG TÌOKUEJGT -ÌPKI WPF HQNIVG UGKPGO 8CVGT (TKGFTKEJ +++ KP FGT 4GIKGTWPI &C GKPG -CKUGTMTÌPWPI FWTEJ FGP 2CRUV YGIGP FGT CPIGURCPPVGP OKNKV·TKUEJGP WPF RQNKVKUEJGP .CIG KP +VCNKGP PKEJV OÌINKEJ YCT PCJO /CZKOKNKCP FGP 6KVGN 'TY·JNVGT TÌOKUEJGT -CKUGT CP 1DYQJN GT RGTUÌPNKEJ VCRHGT M·ORHVG WPF FCJGT KO 8QNMUOWPF CNU FGT NGV\VG 4KVVGT DG\GKEJPGV YWTFG NKGIV UGKPG $GFGWVWPI YGPKIGT CWH OKNKNV·TKUEJGO )GDKGV CNU KP UGKPGT ITQ CPIGNGIVGP FGP YGEJUGNPFGP (TQPVGP CPIGRCVGP *GKTCVU WPF 8GTVTCIURQNKVKM OKV FGT GT FKG /CEJV FGU *CWUGU *CDUDWTI UV·TMVG &WTEJ FKG 8GTJGKTCVWPI UGKPGU 5QJPGU 2JKNKRRU FGU 5EJÌPGP OKV ,QJCPPC FGT 9CJPUKPPKIGP NGIVG GT FGP )TWPFUVGKP HÒT FKG 9GNVIGNVWPI UGKPGT (COKNKG +PPGPRQNKVKUEJ HÒJTVG FGT NGV\VG 4KVVGT DGFGWVGPFG 4GHQTOGP FWTEJ \ $ 'YKIGT .CPFHTKGFG 'KPHÒJTWPI FGU )GOGKPGP 2HGPPKIU WPF TKEJVGVG \GPVTCNG 4GKEJUDGJÌTFGP GKP \ $ 4GKEJUMCOOGTIG TKEJV 4GKEJUTGIKOGPV /CZKOKNKCP DGV·VKIVG UKEJ CWEJ NKVGTCTKUEJ WPF XGTCPNCVG FKG #DHCUUWPI FGU 6JGWGTFCPM GKPGT &CTUVGNNWPI UGKPGT $TCWVHCJTV UQYKG FGU 9GKMWPKI GKPGT 8GTJGTTNKEJWPI UGKPGT 6CVGP

2682

216

-CTN 8 5KNDGTIWOGFCKNNG XQP * 4GKPJCTF )GJCTPKUEJVGU $TWUVDKNF T OKV /ÒV\G <GRVGT WPF 4GKEJUCRHGN )GMTÌPVGT &QRRGNCFNGT OKV 9CRRGP CWH FGT $TWUV \W FGP 5GKVGP LG GKPG 5·WNG OO I &QOCPKI *CDKEJ ++ 5NI .CPPC 8QT\ÒINKEJGT 1TKIKPCNIW

2683

(GTFKPCPF + $TQP\GIWOGFCKNNG WPUKIPKGTV $TWUVDKNFGT (GTFKPCPFU WPF UGKPGT )GOCJNKP #PPC XQP 7PICTP PGDGPGKPCPFGT N /QPQITCOO #( KPGKPCPFGTIGUVGNNV WOJGT FKG -GVVG FGU 1TFGPU XQO )QNFGPGP 8NKGU OO *CDKEJ + /CTMN FQTV KP 5KNDGT 8QT\ÒINKEJGT 1TKIKPCNIW

2685

2684

2HWPFPGT 9KGP /CTMN NGKEJV XCT

6CNGT Q , ,QCEJKOUVCN /ÒP\OGKUVGT *CPU 9GK\GNOCPP &CX &KGVKMGT *C NCEMC 8QINJ 4 5GJT UEJÌP

*ÒDUEJG 2CVKPC UGJT UEJÌP

2686

2687

6CNGT -WVVGPDGTI /ÒP\OGKUVGT 2CXGN 2QFKXKEMÓ WPF /CVGL .KFN &CX &KGVKMGT *C NCEMC 8QINJ ++ 2T·IGHTKUEJGU 2TCEJVGZGORNCT

6TCIDCTGT HCEJGT 5EJCWVCNGT -TGOPKV\ <YKVVGTRT·IWPI OKV FGT ,CJTGU\CJN CWH 8QTFGT WPF 4ÒEMUGKVG I &GT IGJCTPKUEJVG -CKUGT TGKVGV N OKV 5EJYGTV WPF (GFGTJGNO KO #DUEJPKVV ,CJTGU\CJN )GMTÌPVGT &QRRGNCFNGT CWH FGT $TWUV XKGTHGNFKIGU WPICTKUEJGU 9CRRGP OKV ÌUVGTTGK EJKUEJGO /KVVGNUEJKNF PGDGP FGP *·NUGP FGU &QRRGNCFNGTU FKG ,CJTGU\CJN /CTMN 8QINJ /KV *GPMGN FGPPQEJ CVVTCMVKXGU UGJT UEJÌPGU 'ZGORNCT

217

2688

2689

)WNFGPVCNGT -TGW\GT *CNN &CX / 6 8QINJ

/CZKOKNKCP ++ HCEJGT 5EJCWVCNGT 9KGP <YKVVGTRT·IWPI OKV FGT ,CJTGU \CJN CWH 8QTFGT WPF 4ÒEMUGKVG I )GMTÌPVGT &QRRGNCFNGT CWH FGT $TWUV XKGTHGNFKIGU 9CRRGP PGDGP FGP *·NUGP FGU &QRRGNCFNGTU FKG ,CJTGU\CJN &GT IGJCTPKUEJVG -CKUGT TGKVGV N OKV 5EJYGTV WPF (GFGTJGNO KO #DUEJPKVV ,CJTGU\CJN 8QINJ +P FGP (GNFGTP RQNKGTV UGJT UEJÌP

2690

2691 (doppelt)

8QT\ÒINKEJ

2692

4GKEJUVCNGT ,QCEJKOUVCN /ÒP\OGKUVGT ,ÌTI )GKV\MÌHNGT &CX &KGVKMGT *CNCEMC 8QINJ + 4 -N 4CPFHGJNGT HCUV UGJT UEJÌP UGJT UEJÌP

'T\JGT\QI (GTFKPCPF &QRRGNVGT 4GKEJUVCNGT Q , 'PUKUJGKO I &CX / 6 XCT *GPMGNURWT NGKEJVG $GCTDGKVWPIUURWTGP KO (GNF UGJT UEJÌP

4GKEJUVCNGT Q , 'PUKUJGKO &CX 8QINJ 8CT

218

5GJT UEJÌP

2693

2694

4GKEJUVCNGT Q , *CNN &CX # / 6 XCT 8QINJ 8CT

4WFQNH ++ 4GKEJUVCNGT ,QCEJKOUVCN /ÒP\OGKUVGT )GQTI -CFPGT &CX &KGVK MGT *CNCEMC 8QINJ + &WPMNG 2CVKPC UGJT UEJÌP

2695

2696

5GJT UEJÌP

2697

4GKEJUVCNGT $WFYGKU /ÒP\OGKUVGT %JTKUVQH /CVVKIJQHGT &CX &KGVKMGT *CNCEMC 8QINJ ++ *GPMGNURWT UGJT UEJÌP

5KNDGTOGFCKNNG XQP 8 /CNGT 4GKEJUVCIUOGFCKNNG &GT IGMTÌPVG -CKUGT KO 1TPCV TGKVGV T OKV FGT 4GEJVGP FCU <GRVGT UEJWNVGTPF )TQGU IGMTÌPVGU /QPQITCOO 4 ++ FCTKP -TQPG \W FGP 5GKVGP UVG JGP ,WUVKVKC WPF 2CZ OKV FGP IGMTÌPVGP 5EJKNFGP XQP 7PICTP WPF $ÌJOGP WOJGT GKP -TCP\ IGDKNFGV CWU FGP IGMTÌPVGP /QPQITCOOGP UGKPGT 8QTI·PIGT OO I 5NI 'TNCPIGT 5NI 'TNCPIGT ++ 5NI *QTUM[ 5NI /QPVGPWQXQ #VVTCMVKXG 2CVKPC XQT\ÒINKEJGU 'ZGORNCT 4GKEJUVCNGT 'PUKUJGKO &CX 8QINJ ++ -N -TCV\GT GVYCU DGTKGDGP UGJT UEJÌP

2698

2699

4GKEJUVCNGT *CNN &CX / 6 8QINJ +++ 'VYCU TCWJGT 5EJTÌVNKPI XQT\ÒINKEJp5VGORGNINCP\

4GKEJUVCNGT *CNN &CX / 6 XCT 8QINJ +++ -N 4CPFHGJNGT XQT\ÒINKEJp5VGORGNINCP\

219

2700

2701

-TGW\GT )TQUEJGP *CNN 8CTKCPVG OKV URKGIGNXGTMGJTVGT KP FGT ,CJTGU\CJN / 6 XCT 44 5EJÌPpUGJT UEJÌP

4GKEJUVCNGT 'PUKUJGKO &CX 8QINJ +++

2702

9KP\ 5EJTÌVNKPIUHGJNGT HCUV XQT\ÒINKEJ

2703

4GKEJUVCNGT *CNN &CX / 6 8QINJ 8 *ÒDUEJG 2CVKPC OKP LWUVKGTV XQT\ÒINKEJ 4GKEJUVCNGT *CNN &CX / 6 8QINJ 8 8QT\ÒINKEJ

2705

2704 (doppelt)

2706

&QRRGNVGT 4GKEJUVCNGT 'PUKUJGKO I )GJCTPKUEJVGU $TWUVDKNF T OKV .QTDGGTMTCP\ WPF WOIGNGIVGT -GVVG FGU 1TFGPU XQO )QNFGPGP 8NKGU )GMTÌPVGT WPF XGT\KGTVGT HGNFKIGT 9CRRGPUEJKNF OKV CWHIGNGIVGO 'PUKUJGKOGT 5EJKNF WOJGT FKG -GVVG FGU 1TFGPU XQO )QNFGPGP 8NKGU &CX / 6 44 -N <CKPGPFG YKP\ *GPMGNURWT )TCHHKVK UGJT UEJÌP

4GKEJUVCNGT ,CJTGU\CJN KO 5VGORGN CWU IG·PFGTV 'PUKUJGKO &CX 8QINJ +: 4 -N -TCV\GT UGJT UEJÌPpXQT\ÒINKEJ

'T\JGT\QI /CZKOKNKCP CNU *QEJOGKUVGT FGU &GWVUEJGP 1TFGPU 4GKEJUVCNGT *CNN &CX / 6 0GWOCPP 9KP\ 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

220

2708

2707

4GKEJUVCNGT *CNN &CX / 6 0GWOCPP (GKPG 2CVKPC YKP\ -TCV\GT UGJT UEJÌPpXQT\ÒINKEJ

4GKEJUVCNGT *CNN / 6 0GWOCPP

2710

4 5GJT UEJÌPpXQT\ÒINKEJ

2709 (doppelt)

2711

'T\JGT\QI /CZKOKNKCP &QRRGNVGT 4GKEJUVCNGT 'PUKUJGKO I )GJCTPKUEJVGU $TWUVDKNF T OKV *QEJOGKUVGTMTGW\ CP -GVVG 9CRRGP WPVGT 'T\JGT\QIUJWV \W FGP 5GKVGP FKG 5EJKNFG XQP 'NUC WPF 2HKTV &CX / 6 44 5GJT UEJÌP

4GKEJUVCNGT *CNN &CX # / 6 XCT 8QINJ 8+++ #VVTCMVKXG 2CVKPC YKP\ -TCV\GT CWH FGT 4ÒEMUGKVG HCUV XQT\ÒINKEJ XQT\ÒINKEJ

4GKEJUVCNGT *CNN &CX / 6 8QINJ :+++

*ÒDUEJG 2CVKPC UGJT UEJÌP

2712 2713

2713

/CVVJKCU 5KNDGTOGFCKNNG Q , XQP %JT /CNGT CWH UGKPG DÌJOKUEJG 6JTQPHQN IG $TWUVDKNF T OKV &QNOCP WPF 4GKJGTOÒV\G )GJCTPKUEJVGT 4GKVGT T OKV 5EJYGTV KP FGT GTJQDGPGP 4GEJ VGP OO I 5NI *QTUM[ 5NI /QPVGPWQXQ \W )GRT·IVGU 1TKIKPCN 8QT\ÒINKEJ

4GKEJUVCNGT -$ -TGOPKV\ &CX 8QINJ +

5GJT UEJÌP

221

2714

2716

2717

2715

1,5:1

4GKEJUVCNGT -$ -TGOPKV\ &CX 8QINJ ++

4GKEJUVCNGT -WVVGPDGTI /ÒP\OGKUVGT #WIWUV 5EJOKNCWGT &CX &KGVKMGT *CNCEMC 8QINJ ++ 2TCEJVGZGORNCT OKV HGKPGT 6ÌPWPI 8QT\ÒINKEJp5VGORGNINCP\

'KPUGKVKIGT *GNNGT -WVVGPDGTI /ÒP\OGKUVGT 5GDCUVKCP *ÌN\N &KGVKMGT *CNCEMC 4 5GJT UEJÌP

(GTFKPCPF ++ 4GKEJUVCNGT )TC\ &CX 8QINJ 8+ #VVTCMVKXG 2CVKPC HCUV XQT\ÒINKEJ

2718

2719

5EJÌPG 2CVKPC UGJT UEJÌP

2720

4GKEJUVCNGT *CNN &CX # / 6 8QINJ + 2TCEJVGZGORNCT (GKPG 2CVKPC HCUV 5VGORGNINCP\

4GKEJUVCNGT -NCIGPHWTV &CX 8QINJ XCT

5GJT UEJÌP

4GKEJUVCNGT *CNN &CX / 6 8QINJ ++ 4 #VVTCMVKXG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

222

2721

2722

4GKEJUVCNGT 2TCI /ÒP\OGKUVGT *CPU 5WVVPGT &KGVKMGT *CNCEMC -N 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

4GKEJUVCNGT 5V 2ÌNVGP &CX 8QINJ +++

2725

2723

44 5GJT UEJÌP

2724

4GKEJUVCNGT )TC\ 8CTKCPVG OKV FGT ,CJTGU\CJN QDGP KP FGT 8QTFGTUGKVGPWOUEJTKHV &CX 8QINJ 8 XCT 4 (CUV XQT\ÒINKEJ

4GKEJUVCNGT )TC\ &CX 8QINJ 8 XCT

(CUV XQT\ÒINKEJ

4GKEJUVCNGT -$ -TGOPKV\ &CX 8QINJ (GKPG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ XQT\ÒINKEJ

2726

2727

'T\JGT\QI .GQRQNF 8 4GKEJUVCNGT *CNN &CX / 6 8QINJ ++ #VVTCMVKXG 2CVKPC YKP\ <CKPGPFG UGJT UEJÌP

4GKEJUVCNGT *CNN &CX / 6 XCT 8QINJ ++

9KP\ <CKPGPFG UGJT UEJÌP

223

2728

2730

4GKEJUVCNGT ,CJTGU\CJN KO 5VGORGN CWU IG·PFGTV *CNN / 6 4 /KV 5COONGTRWP\G %J KO 4CPF <CKPGPFG HCUV UGJT UEJÌP

4GKEJUVCNGT *CNN 2QUVJWOG 2T·IWPI &CX / 6 8QINJ +8 XCT (CUUWPIUURWTGP UGJT UEJÌP

4GKEJUVCNGT *CNN / 6 XCT

(CUV XQT\ÒINKEJ

2732

2731

4GKEJUVCNGT *CNN / 6 XCT

'T\JGT\QI (GTFKPCPF -CTN 4GKEJUVCNGT *CNN &CX / 6 8QINJ + 4 #VVTCMVKXG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

2734

8QT\ÒINKEJ

2734

2733 (doppelt)

&QRRGNVGT 4GKEJUVCNGT Q , *CNN I &CX / 6 /KP $GCTDGKVWPIURWTGP CO 4CPF UGJT UEJÌPpXQT\ÒINKEJ

4GKEJUVCNGT *CNN / 6

2735

4 8QT\ÒINKEJ

2736

(GTFKPCPF +++ 4GKEJUVCNGT *)2 5V 8GKV &CX 8QINJ + 2TCEJVXQNNG 2CVKPC XQT\ÒINKEJ

4GKEJUVCNGT 9KGP &CX 8QINJ 8+

224

8QT\ÒINKEJ

2738 2737

4GKEJUVCNGT -X$ -TGOPKV\ &CX 8QINJ

5GJT UEJÌPpXQT\ÒINKEJ

'T\JGT\QI 5KIKUOWPF (TCP\ -TGW\GT *CNN / 6 XCT 8QT\ÒINKEJp5VGORGNINCP\

2739

2740

4GKEJUVCNGT *CNN &CX / 6 XCT 8QINJ ++

.GQRQNF + $TGVVUVGKP CWU FWPMNGO *QN\ Q , WPUKIPKGTV CWH 2TKP\ 'WIGP XQP 5CXQ[GP 1DGTDGHGJNUJCDGT IGIGP FKG 6ÒTMGP &GT 2TKP\ TGKVGV N OKV -QOOCPFQUVCD KP FGT GTJQDGPGP 4GEJVGP 5EJNCEJVU\GPG OO *KOOGNJGDGT 2QRGNMC XIN 8QTFGTUGKVG 8QT\ÒINKEJGU 'ZGORNCT

(CUV XQT\ÒINKEJ

2742 2741

4GKEJUVCNGT -X$ -TGOPKV\ &CX 8QINJ + #VVTCMVKXGU 'ZGORNCT OKV HGKPGT 2CVKPC HCUV XQT\ÒINKEJ

-TGW\GT /ÒP\\GKEJGP #TO OKV *CEMG 9KGP *GTKPGM 8QP ITQGT 5GNVGPJGKV 5GJT UEJÌPpXQT\ÒINKEJ

225

2745

-TGW\GT %# 9KGP *GTKPGM 2TCEJVGZGORNCT (CUV 5VGORGNINCP\ &QRRGNVGT 4GKEJUVCNGT Q , EC *CNN I &CX / 6 (CUV XQT\ÒINKEJ

226

4GKEJUVCNGT 9KGP &CX 8QINJ +++ 4GKEJUVCNGT 9KGP &CX 8QINJ +++

2747

2748 (doppelt)

2749

2746

4GKEJUVCNGT -$ -TGOPKV\ &CX 8QINJ ++ 5GJT UEJÌP 4GKEJUVCNGT )TC\ &CX 8QINJ + 44 (CUV XQT\ÒINKEJ -TGW\GT -$ -TGOPKV\ *GTKPGM 2TCEJVGZGORNCT 9KP\ <CKPGPFG 5VGORGNINCP\ -TGW\GT -$ -TGOPKV\ *GTKPGM 8QT\ÒINKEJp5VGORGNINCP\

2747

2744

2743

2750

8QT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 2CVKPC 5GJT UEJÌP

2751

2752

-TGW\GT -$ -TGOPKV\ *GTKPGM XCT -TGW\GT -$ -TGOPKV\ *GTKPGM

5EJTÌVNKPIUHGJNGT 5VGORGNINCP\ 2TCEJVGZGORNCT (CUV 5VGORGNINCP\

2753

2754

-TGW\GT -$ -TGOPKV\ *GTKPGM

&QRRGNVGT 4GKEJUVCNGT +#0 )TC\ I )GJCTPKUEJVGU $TWUVDKNF T OKV .QTDGGTMTCP\ WPF WO IGNGIVGO /CPVGN )GMTÌPVGU 9CRRGP WOJGT FKG -GVVG FGU 1TFGPU XQO )QNFGPGP 8NKGU &CX *GTKPGM (CUV XQT\ÒINKEJ

2755

2756

-TGW\GT -$ -TGOPKV\ *GTKPGM 2TCEJVGZGORNCT (CUV 5VGORGNINCP\ -TGW\GT 8$ 9 /CKP\ HÒT *QJGPNQJG *GTKPGM 4 -N <CKPGPFG UGJT UEJÌPpXQT\ÒINKEJ

2757

2TCEJVGZGORNCT (CUV 5VGORGNINCP\

2758

5KNDGTOGFCKNNG XQP . ) .CWHHGT WPF ) *CWVUEJ CWH FKG 5KGIG FGU ,CJTGU KP 7PICTP 5VCFVCP UKEJV XQP 9KGP FCTÒDGT \YGK )GPKGP OKV FGO /GFCKNNQP FGU -CKUGTU #PUKEJV FGT \GJP GTQDGTVGP (GUVWPIGP OO I 5NI /QPVGPWQXQ FQTV XQP *ÒDUEJG 2CVKPC MN 4CPFHGJNGT XQT\ÒINKEJ

5KNDGTOGFCKNNG XQP . ) .CWHHGT CWH FKG 'KPPCJOG XQP 1HGP $WFC -CORHU\GPG WPF (GUVWPI FCTÒDGT 8KEVQTKC N <GKNGP 5EJTKHV OO I 5NI /QPVGPWQXQ (GKPG 2CVKPC XQT\ÒINKEJ

227

2759

2760

2761

5KNDGTOGFCKNNG XQP , -KVVGN $TGUNCW CWH FKG -TÌPWPI XQP ,QUGH + \WO -ÌPKI XQP 7PICTP +15'2* +/ 0#*/'0 70& '4$4'%*6 &'4 '456'Ü $TWUVDKNF ,QUGHU T &+4 70& &'+0'/ 5#/'0 0#%*&+4 Û &KG MPKGPFG 2CPPQPKC TGKEJV FGO N UVGJGPFGP ,QUGH FKG -TQPG FCTWPVGT 9CRRGP UEJKNF KO #DUEJPKVV &'0 &'% Û Û OO I ( W 5 5NI /QPVGPWQXQ *GTTNKEJG 2CVKPC YKP\ 4CPFHGJNGT XQT\ÒINKEJ

5KNDGTOGFCKNNG XQP ) *CWVUEJ WPF . ) .CWHHGT CWH FKG -TÌPWPI UGKPGU 5QJPGU ,QUGH UR·VGT -CKUGT ,QUGH + \WO -ÌPKI XQP 7PICTP KP 2TGDWTI )GJCTPKUEJVGU $TWUVDKNF ,QUGHU T QDGP 5EJTKHVDCPF \W FGP 5GKVGP \YGK )GPKGP FKG .CP\GP ÒDGT UGKP *CWRV JCNVGP CP FGPGP FTGK -TQPGP D\Y FTGK -T·P\G J·PIGP -CKUGT .GQRQNF IKDV UGKPGO 5QJP FKG 5VGRJCPUMTQPG KO *KPVGTITWPF .CPFUEJCHV OKV FGT 5VCFV 2TGDWTI /KV 4CPFUEJTKHV OO I 5NI /QPVGPWQXQ *ÒDUEJG 2CVKPC YKP\ 4CPFHGJNGT UGJT UEJÌP

-TGW\GT -$ -TGOPKV\ *GTKPGM

2762

4GKEJUVCNGT 9KGP &CX 8QINJ 8

2TCEJVGZGORNCT 9KP\ <CKPGPFG 5VGORGNINCP\

2763

2765

5GJT UEJÌP

4GKEJUVCNGT 9KGP *GTKPGM

(CUV XQT\ÒINKEJ

4GKEJUVCNGT 9KGP *GTKPGM

*GPMGNURWT UGJT UEJÌP

4GKEJUVCNGT -$ -TGOPKV\ &CX 8QINJ 8+

8QT\ÒINKEJGU 2TCEJVGZGORNCT

228

2766

5EJTCWDVCNGT /ÒP\UV·VVG *CNN )GJCTPKUEJVGU $TWUVDKNF T OKV .QTDGGTMTCP\ )GMTÌPVGU 9CRRGP WOJGT 1TFGPUMGVVG +PJCNV MQNQTKGTVG /CTKGPINCUDKNFEJGP CWH FGPGP XGTUEJKGFGPG -NGKFGT WPF 5\GPC TKGP FCTIGUVGNNV UKPF HÒT FKG &GEMGNKPPGPUGKVGP UKPF \YGK NQUG $KNFGT XQTIGUGJGP 'KPG HCUV PCEMVG &COG UVGJV HCUV X X KJTG -NGKFWPI WPF 7OIGDWPI MCPP FWTEJ #WHNGIGP FGT /CTKGPINCUDKNFEJGP XGT·PFGTV YGTFGP 'KP 2CCT UKV\V CWH GKPGO $GVV &CX \W / 6 \W 2TGNGT 8QINJ \W /KV FGHGMVGP 'KPNCIGP UGJT UEJÌP

2768

2769

2767

4GKEJUVCNGT 9KGP &CX 8QINJ 8

5KNDGTOGFCKNNG XQP ) *CWVUEJ CWH FGP 9CHHGPUVKNNUVCPF OKV FGP 6ÒTMGP )GJCTPKUEJVGU $TWUVDKNF T 8KMVQTKC UVGJV HCUV X X KP .CPFUEJCHV OKV GKPGO .QTDGGTMTCP\ KP FGT 4GEJVGP WPF GKPGO ,CPWUMQRH KP FGT .KPMGP N KO *KPVGTITWPF CWHIGJGPFG 5QPPG /KV 4CPFUEJTKHV r #84'# %10&+6 5'%8.# Ü OO I 5NI /QPVGPWQXQ 4 8QT\ÒINKEJ

4GKEJUVCNGT -$ -TGOPKV\ *GTKPGM 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT 5VGORGNINCP\

5GJT UEJÌP

2770

4GKEJUVCNGT 9KGP &CX 8QINJ 8+++

.QV -TGW\GT -$ -$ -$ -$ ,CJTGU\CJN KO 5VGORGN CWU IG·P FGTV -$ ,CJTGU\CJN KO 5VGORGN CWU IG·PFGTV -$ -$ -$ CNNG CWU FGT /ÒP\UV·VVG -TGOPKV\ 5VÒEM 5GJT UEJÌPpXQT\ÒINKEJ WPF DGUUGT

.QV -TGW\GT %# 9KGP %# 9KGP %# 9KGP Z 8$ 9 /CKP\ HÒT *Q JGPNQJG -$ -TGOPKV\ Z ,CJTGU\CJN KO 5VGORGN CWU IG·PFGTV -$ -TGOPKV\ -$ -TGOPKV\ 2TGDWTI 5VÒEM 5GJT UEJÌP WPF DGUUGT

8QT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 2CVKPC

229

2773 (doppelt)

2774

2775

,QUGH + &QRRGNVGT 4GKEJUVCNGT Q , *CNN I &CX / 6 5GJT UEJÌPpXQT\ÒINKEJ

4GKEJUVCNGT )' 2TCI /ÒP\OGKUVGT )TGIQT 'IGTGT &CX &KGVKMGT *CNCEMC XCT 8QINJ + 4 5GJT UEJÌP

4GKEJUVCNGT )' 2TCI /ÒP\OGKUVGT )GQTI 'IGTGT &CX &KGVKMGT *CNCEMC XCT 8QINJ ++ 4 8QT\ÒINKEJ

2776

2777

2778

4GKEJUVCNGT )TC\ &CX 8QINJ

4GKEJUVCNGT )' 2TCI /ÒP\OGKUVGT )GQTI 'IGTGT &CX #PO &KGVKMGT *CNCEMC XCT 8QINJ + *GPMGNURWT UGJT UEJÌP

4GKEJUVCNGT *CNN &CX / 6 D 8QINJ ++

230

5GJT UEJÌP

(CUV XQT\ÒINKEJ

2780

2779

2781

4GKEJUVCNGT *CNN &CX / 6 D 8QINJ ++

-CTN 8+ $TGVVUVGKP CWU FWPMNGO *QN\ Q , FKG 8QTFGTUGKVG YWTFG OKV FGO /GFCKNNGP UVGORGN XQP 2 2 9GTPGT IGHGTVKIV PCEJ FKG 4ÒEMUGKVG OKV FGO 5VGORGN XQP / $TWPPGT

CWH -CTN 8+ UQYKG CWH FKG 'KPPCJOG XQP $WFCRGUV KO ,CJTG /GFCKNNQP OKV FGO IGJCT PKUEJVGP $TWUVDKNF -CTNU 8+ OKV .QTDGGTMTCP\ T WOJGT #TOCVWTGP #PUKEJV FGT $GUEJKGWPI XQP $WFCRGUV FCTÒDGT HNKGIV GKPG 6CWDG T OKV ¤N\YGKI KO 5EJPCDGN KO *KPVGTITWPF N UVTCJNGPFG 5QPPG OO *KOOGNJGDGT 8QT\ÒINKEJ

$TGVVUVGKP CWU FWPMNGO *QN\ Q , OKV FGP /GFCKNNGPUVGORGNP XQP / $TWPPGT IGHGTVKIV CWH -CTN 8+ UQYKG CWH FKG $GHTGKWPI 9KGPU XQP FGP 6ÒTMGP KO ,CJTG -CTN 8+ KO -TÌPWPIUQTPCV TGKVGV T 5VCFVCPUKEJV XQP 9KGP OKV $GHGUVKIWPIGP ÒDGT FGO 5VGRJCPUFQO GKP #FNGT OKV /QPFUKEJGN KP FGP -TCNNGP KO #DUEJPKVV -CTVWUEJG OKV FTGK <GKNGP 5EJTKHV \W FGP 5GKVGP LG GKP IGHGUUGNVGT 6ÒTMG OO *KOOGNJGDGT *KTUEJ 4ÒEMUGKVG 8QT\ÒINKEJGU 'ZGORNCT

/KP 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

2782

4GKEJUVCNGT *CNN &CX / 6 8QINJ +

4CWJGT 5EJTÌVNKPI XQT\ÒINKEJ

&KG 4GKEJUVCNGT XQP VTCIGP PQEJ FCU $TWUVDKNF ,QUGHU +

231

2783

5KNDGTOGFCKNNG WPUKIPKGTV XQP ) 9 8GUVPGT CWH FGP (TKGFGP XQP 4CUVCVV WPF $CFGP &KG $ÒUVGP -CTNU 8+ WPF .WFYKIU :+8 XQP (TCPMTGKEJ GKPCPFGT IGIGPÒDGT ,WRKVGT WPF #RQNNQ JCNVGP IGURCNVG PGP 'TFDCNN OKV GKPGO $CPF \WUCOOGP CWH FGO FKG )GDKGVG XQP 'PINCPF 5RCPKGP 2QNGP &·PGOCTM GVE \W UGJGP UKPF OO I $GTPJGKOGT 2CZ KP 0WOOKU 5NI /QPVGPWQXQ 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC HCUV 5VGORGNINCP\

2784

2785

2786

4GKEJUVCNGT ,CJTGU\CJN KO 5VGORGN CWU IG·PFGTV %* 29 2TGUUDWTI I )GJCT PKUEJVGU $TWUVDKNF T OKV .QTDGGTMTCP\ 7OJCPI WPF 1TFGPUMGVVG CO #TOCDUEJPKVV +)5 ,QJCPP )GQTI 5GKFNKV\ 5VGORGNUEJPGKFGT KP 9KGP )GMTÌPVGT &QRRGNCFNGT OKV 5EJYGTV WPF <GRVGT KP FGP (·PIGP CWH FGT $TWUV IGMTÌPVGU XQP 1TFGPUMGVVG WOIGDGPGU 9CRRGP WPVGP /ÒP\\GKEJGP %* WPF 29

2CWN 9ÌFTÌF[ /ÒP\OGKUVGT KP 2TGUUDWTI &CX 8QINJ + 44 (CUV XQT\ÒINKEJ 4GKEJUVCNGT $TGUNCW &CX ( W 5 8QINJ +8 #VVTCMVKXG 2CVKPC OKP 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJGU 'ZGORNCT 4GKEJUVCNGT )TC\ &CX 8QINJ ++ 9KP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌP -TGW\GT *CNN -TGW\GT )TQUEJGP *CNN / 6 5VÒEM (CUV XQT\ÒINKEJ WPF XQT\ÒINKEJ

2788

232

4GKEJUVCNGT -$ -TGOPKV\ &CX 8QINJ +++

5GJT UEJÌPpXQT\ÒINKEJ

2790

2789

4GKEJUVCNGT $TGUNCW &CX ( W 5 8QINJ 8+ 4GKEJUVCNGT -$ -TGOPKV\ &CX 8QINJ +8

2791

(GKPG 2CVKPC XQT\ÒINKEJ 5GJT UEJÌPpXQT\ÒINKEJ

2792

2793

4GKEJUVCNGT 2TCI /ÒP\OGKUVGT (GTFKPCPF 5EJCTHH &CX &KGVKMGT *CNCEMC 8QINJ :+: (GKPG 2CVKPC HCUV XQT\ÒINKEJ XQT\ÒINKEJ

/CTKC 6JGTGUKC 5KNDGTOGFCKNNG Q , XQP / &QPPGT CWH FGP MCKUGTNKEJGP (KPCP\OKPKUVGT )WPFCEMGT 6JQOCU )TCH 5VCJTGODGTI )GJCTPKUEJVGU $TWUVDKNF T 2KGVCU WPF /KPGTXC TGKEJGP UKEJ ÒDGT DTGPPGPFGO #NVCT FKG *CPF OO I 5NI /QPVGPWQXQ (CUV XQT\ÒINKEJ

4GKEJUVCNGT 9KGP &CX '[RGNVCWGT

(GKPG 2CVKPC HCUV XQT\ÒINKEJ XQT\ÒINKEJ

$GK FKGUGT WPF FGT HQNIGPFGP 2T·IWPI JCPFGNV GU UKEJ WO FGP GTUVGP 9KGPGT 6CNGT XQP /CTKC 6JGTGUKC FGT FCJGT CWEJ #PVTKVVUVCNGT IGPCPPV YKTF

2795 2794

2794

4GKEJUVCNGT 9KGP &CX '[RGNVCWGT

4 5GJT UEJÌPpXQT\ÒINKEJ

-W 2TQDG YCJTUEJGKPNKEJ \W GKPGO -TGW\GT 9KGP I '[RGNVCWGT 8QP ITQGT 5GNVGPJGKV -N 4CPFXGTRT·IWPI XQT\ÒINKEJ

233

2796

2797

-QPX 6CNGT 2TCI /ÒP\OGKUVGT 2CWN 'TFOCPP XQP 5EJYKPIGTUEJWJ &CX &KGVKMGT '[RGNVCWGT C *CNCEMC 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

-QPX 6CNGT 2TCI #WUDGWVG FGT ,QCEJKOUVCNGT )TWDGP /ÒP\OGKUVGT 2CWN 'TFOCPP XQP 5EJYKP IGTUEJWJ &CX &KGVKMGT '[RGNVCWGT *CNCEMC /ÒUGNGT 5GJT UEJÌPpXQT\ÒINKEJ

2798

-QPX 6CNGT 2TCI #WUDGWVG FGT ,QCEJKOUVCNGT )TWDGP /ÒP\OGKUVGT 2CWN 'TFOCPP XQP 5EJYKP IGTUEJWJ &CX &KGVKMGT '[RGNVCWGT *CNCEMC /ÒUGNGT -N 5EJTÌVNKPIUTKUU UGJT UEJÌPpXQT\ÒINKEJ

-QPX 6CNGT *CNN &CX '[RGNVCWGT / 6

2800

-QPX 6CNGT -$ -TGOPKV\ &CX '[RGNVCWGT 5EWFQ /CKNCPF %TKRRC % &CX '[RGNVCWGT

2802

234

2799

'VYCU )TÒPURCP HCUV XQT\ÒINKEJ

2801

#VVTCMVKXG 2CVKPC XQT\ÒINKEJ 5GJT UEJÌP

2803

-QPX 6CNGT 25 +- 2TCI /ÒP\OGKUVGT 2CWN 'TFOCPP XQP 5EJYKPIGTUEJWJ WPF +IPCV\ -GPFNGT &CX &KGVKMGT '[RGNVCWGT *CNCEMC 5GNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT (CUV 5VGORGNINCP\

-QPX 6CNGT +% (# 9KGP 0CEJRT·IWPI CWU FGT <GKV &CX XIN '[RGNVCWGT XIN C .G[RQNF 6 8QT\ÒINKEJ

2805

2804

-QPX 6CNGT 5( )ÒP\DWTI 0CEJRT·IWPI CWU FGT <GKV &CX XIN '[RGNVCWGT XIN .G[RQNF 6 5GJT UEJÌPpXQT\ÒINKEJ

-QPX 6CNGT 5( )ÒP\DWTI 0CEJRT·IWPI CWU FGT <GKV &CX XIN '[RGNVCWGT XIN .G[RQNF 6 (CUV XQT\ÒINKEJ

2806

2807

-QPX 6CNGT 5( )ÒP\DWTI 0CEJRT·IWPI CWU FGT <GKV &CX XIN '[RGNVCWGT XIN C .G[RQNF 6 8QT\ÒINKEJp5VGORGNINCP\

-QPX 6CNGT 56 5( /CKNCPF 0CEJRT·IWPI CWU FGT <GKV &CX XIN '[RGNVCWGT XIN C .G[RQNF 6 44 5GJT UEJÌP

2809

2808

,QUGH ++ 5QNU $TÒUUGN ,

44 5EJÌP

(TCP\ + -QPX 6CNGT # 9KGP &CX , -CJPV .GKEJV LWUVKGTV XQT\ÒINKEJp5VGORGNINCP\

-#+5'44'+%* ¤56'44'+%*

2810

5EWFQ 8 8GPGFKI &CX , -QPX 6CNGT # 9KGP HÒT 7PICTP &CX ,

2811

(CUV XQT\ÒINKEJ 4 (CUV XQT\ÒINKEJ

235

2812

2813

-QPX 6CNGT # 9KGP 8CTKCPVG OKV CPNKGIGPFGP $·PFGTP , 9KP\ -TCV\GT XQT\ÒINKEJ -QPX 6CNGT # 9KGP , (GKPG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ XQT\ÒINKEJ

2815

2814

2816

4GXQNWVKQP KP 7PICTP -W -TCLE\±T 0$ 0CI[D±P[C ,

(TCP\ ,QUGH + &QRRGNVGT 8GTGKPUVCNGT # 9KGP CWH FKG 8QNNGPFWPI FGT ÌUVGTTGKEJK UEJGP 5ÒFDCJP I -QRH T OKV .QTDGGTMTCP\ .GWEJVVWTO &CORHNQM 5EJKHH WPF \YGK 9CRRGP UEJKNFG &CX , -CJPV 6JWP 0WT 'ZGORNCTG IGRT·IV 5EJÌPG 2CVKPC XQT\ÒINKEJ

(CUV 5VGORGNINCP\

&QRRGNVGT 8GTGKPUVCNGT # 9KGP CWH FKG 8QNNGPFWPI FGT ÌUVGTTGKEJKUEJGP 5ÒFDCJP &CX , -CJPV 6JWP 0WT 'ZGORNCTG IGRT·IV 9KP\ 4CPFHGJNGT HCUV XQT\ÒINKEJ

2817

236

5KNDGTOGFCKNNG XQP % 4CFPKV\M[ CWH FCU 2TKP\ 'WIGP &GPMOCN CWH FGO 9KGPGT *GNFGPRNCV\ )GJCTPKUEJVG $ÒUVG FGU (GNFJGTTGP OKV FGT -GVVG XQO )QNFGPGP 8NKGU &CU 4GKVGTFGPMOCN OO I 5NI /QPVGPWQXQ FQTV KP $TQP\G 8QT\ÒINKEJ

2819

2818

&QRRGNVGT 8GTGKPUVCNGT # 9KGP &CX , -CJPV 6JWP

*GPMGNURWT UGJT UEJÌP

&QRRGNIWNFGP 9KGP CWH FKG 9KGFGTCWHPCJOG FGU $GTIDCWU KP -WVVGPDGTI I -QRH T OKV .QTDGGTMTCP\ $CTDCTCMKTEJG &CX , -CJPV 6JWP 44 2TCEJVGZGORNCT XQP RQNKGTVGP 5VGORGNP (CUV 5VGORGNINCP\

2821

2820

-TQPGP -$ -TGOPKV\ CWH FCU L·JTKIG -TÌPWPIULWDKN·WO CNU -ÌPKI XQP 7PICTP &CX , 8QT\ÒINKEJ

-TQPGP 9KGP CWU UGKP L·JTKIGU 4GIKGTWPIULWDKN·WO &CX , 8QT\ÒINKEJp5VGORGNINCP\

2822

2825

2826

2828

4'27$.+- ¤56'44'+%*

4GRWDNKM 5EJKNNKPI 8QIGNYGKFG , 5EJKNNKPI 8QIGNYGKFG , 5EJKNNKPI 8QIGNYGKFG , 5EJKNNKPI &QNNHW , 5EJKNNKPI 2TKP\ 'WIGP , 5EJKNNKPI 2TKP\ 'WIGP , 4GRWDNKM UGKV 5EJKNNKPI , 5EJKNNKPI ,

2QNKGTVG 2NCVVG 2QNKGTVG 2NCVVG 2QNKGTVG 2NCVVG 2QNKGTVG 2NCVVG 2QNKGTVG 2NCVVG 2QNKGTVG 2NCVVG 2QNKGTVG 2NCVVG 2QNKGTVG 2NCVVG

237

2830

&+' )'+56.+%*-'+6 +0 &'0 *#$5$74)+5%*'0 '4$.#0&'0 $4+:'0 $+567/

5GFKUXCMCP\ 5KNDGTOGFCKNNG XQP 2 2 9GTPGT 9CRRGPUEJKNF FGU &QOMCRKVGNU WOJGT UGEJU 9CRRGP FGT &QOJGTTGP <YGK <GKNGP 5EJTKHV WOJGT CEJV 9CRRGP FGT ÒDTKIGP &QOJGTTGP OO I 5NI /QPVGPWQXQ <GRGTPKEM 4 9KP\ 4CPFHGJNGT WPF -TCV\GT XQT\ÒINKEJ

2832

238

2831

2833

5GFKUXCMCP\ 5KNDGTOGFCKNNG WPUKIPKGTV (ÒPH <GKNGP 5EJTKHV WOJGT 9CRRGP FGT &QO JGTTGP #FNGT X X OKV SWGT IGJCNVGPGO $KUEJQHUUVCD &QOMCRKVGNYCRRGP OO I 5NI /QPVGPWQXQ <GRGTPKEM (GKPG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

5GFKUXCMCP\ 5KNDGTOGFCKNNG XQP , , 0GWUU F #FNGT X X OKV SWGT IGJCNVGPGO $K UEJQHUUVCD &QOMCRKVGNYCRRGP WOJGT 9CRRGP FGT &QOJGTTGP #PUKEJV FGT $TKZGPGT &QOMKTEJG OO I )WOOGTGT KP *CNNGT /ÒP\DN·VVGT $CPF +++ /·T\ 5NI /QPVGPWQXQ <GRGTPKEM 4 8QT\ÒINKEJ

5KNDGTOGFCKNNG XQP , , 0GWUU F #FNGT X X OKV SWGT IGJCNVGPGO $KUEJQHUUVCD &QOMCRKVGN YCRRGP WOJGT 9CRRGP FGT &QOJGTTGP #PUKEJV FGT $TKZGPGT &QOMKTEJG OO I )WOOGTGT KP *CNNGT /ÒP\DN·VVGT $CPF +++ /·T\ 5NI /QPVGPWQXQ <GRGTPKEM 4 (GKPG 2CVKPC MN 5EJTÌVNKPIUHGJNGT CO 4CPF MN -TCV\GT HCUV XQT\ÒINKEJ

2835 2834

)74- $+567/

(TCP\ :CXGT XQP 5CNO 4GKHHGTUEJGKF -QPX 6CNGT &CX *QN\OCKT 5 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

-TGW\GT 9KGP *QN\OCKT 5

8QT\ÒINKEJ

.GQRQNF 9KNJGNO -TGW\GT 5WEJQOGN 8KFGOCP 9KP\ <CKPGPFG UGJT UEJÌPpXQT\ÒINKEJ

4WFQNH ,QJCPP XQP ¤UVGTTGKEJ -QPX 6CNGT &CX 5WEJQOGN 8KFGOCP *GTTNKEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

2836

2837

1./ª6< $+567/

2838

5#.<$74) '4<$+567/

'DGTJCTF ++ XQP 4GIGPUDGTI *·NDNKPI (TKGUCEJ I $KUEJQHUMQRH X X KP -KTEJGP RQTVCN 'KPG /CWGT OKV FTGK 4WPFDÌIGP QDGP -TGW\ KP GKPGO PCEJ QDGP IGMGJTVGP *CNDDQIGP %0# .WUEJKP 'DGPITGWVJ C 44 5GJT UEJÌP

2839

2840

/CVVJ·WU .CPI XQP 9GNNGPDWTI -TGW\GT 2TQDU\V

5GJT UEJÌP

9QNH &KGVTKEJ XQP 4CKVGPCW 4GKEJUVCNGTMNKRRG Q , &CX 2TQDU\V /KP *GPMGNURWT UGJT UEJÌPGU 'ZGORNCT OKV HGKPGT 2CVKPC

239

2842

2841

4GKEJUVCNGTMNKRRG Q , 6WTORT·IWPI 2TQDU\V -NKRRGPHÌTOKIGT 4GEJGPRHGPPKI Q , 2TQDU\V

-N *GPMGNURWT UGJT UEJÌP 4 8QT\ÒINKEJ

2844

2843

2CTKU XQP .QFTQP 4GKEJUVCNGT &CX 2TQDU\V 4GKEJUVCNGT CWH FKG &QOYGKJG 2TQDU\V

2846

8QT\ÒINKEJp5VGORGNINCP\ (CUV XQT\ÒINKEJ

2845

2847

,QJCPP 'TPUV XQP 6JWP WPF *QJGPUVGKP 4GKEJUVCNGTMNKRRG 2TQDU\V (CUV XQT\ÒINKEJGU 'ZGORNCT

(TCP\ #PVQP XQP *CTTCEJ 4GKEJUVCNGT &CX 2TQDU\V

8QT\ÒINKEJ

5KIKUOWPF +++ XQP 5EJTCVVGPDCEJ -QPX 6CNGT &CX 2TQDU\V 8QT\ÒINKEJ

240

2848

5GFKUXCMCP\ 5KNDGTOGFCKNNG XQP ( /CV\GPMQRH *Ã&#x2019;HVDKNF FGU 5V 4WFDGTVWU X X OKV /KVTC 5CN\IGHÂ·Â WPF $KUEJQHUUVCD CWH 2QUVCOGPV FCXQT -CRKVGNYCRRGP QDGP -TQPG WOJGT FKG 9CR RGP XQP &QOJGTTGP *Ã&#x2019;HVDKNF FGU 5V 8KTIKNKWU JCNDN OKV /KVTC /QFGNN FGT &QOMKTEJG WPF $K UEJQHUUVCD CWH 2QUVCOGPV QDGP -TQPG WOJGT FKG 9CRRGP FGT Ã&#x2019;DTKIGP &QOJGTTGP OO I 5NI /QPVGPWQXQ <GRGTPKEM 9KP\ 4CPFHGJNGT XQT\Ã&#x2019;INKEJ

2849

2850

*KGTQP[OWU XQP %QNNQTGFQ -QPX 6CNGT &CX 2TQDU\V (CUV 5VGORGNINCP\

-QPX 6CNGT &CX 2TQDU\V

2851

(CUV 5VGORGNINCP\

2852

9;5%*'*4#&

%GUNCWU )QVVJCTF XQP 5EJCHHIQVUEJ 5KNDGTOGFCKNNG WPUKIPKGTV CWH UGKPG +PVJTQPKUC VKQP KP 2TCI <YGK CPGKPCPFGTIGNGJPVG QXCNG 9CRRGPUEJKNFG KP XGT\KGTVGP -CTVWUEJGP CWH FGO NKPMGP 9CRRGP -TQPG WPF /KVTC CWH FGO TGEJVGP FTGK *GNOG 5VCFVCPUKEJV XQP 2TCI OKV FGO *TCFUEJKP WPF FGT 2TQRUVGK KO *KPVGTITWPF T CWHIGJGPFG 5QPPG OO I 5NI &QPGDCWGT 5NI *QTUM[ 5NI /QPVGPWQXQ 8QT\Ã&#x2019;INKEJ

&+' Â¤56'44'+%*+5%*'0 56#0&'5*'44'0 $#66*;#0+ (Âª456'0

-CTN -QPX 6CNGT 9KGP &CX *QN\OCKT *GTTNKEJG 2CVKPC XQT\Ã&#x2019;INKEJp5VGORGNINCP\

241

2853

2854 (doppelt)

2855

&+'64+%*56'+0 (ª456.+%*' .+0+' 0+-1.5$74)

(GTFKPCPF 4GKEJUVCNGT // 9KGP &CX *QN\OCKT 9KP\ -TCV\GT HCUV XQT\ÒINKEJ

'))'0$'4) (ª456'0

,QJCPP %JTKUVQRJ WPF ,QJCPP 5G[HTKGF &QRRGNVGT 4GKEJUVCNGT -TWO OCW I &KG IGJCTPKUEJVGP $TWUVDKNFGT FGT DGKFGP (ÒTUVGP GKPCPFGT IGIGPÒDGT FCTWPVGT ,CJTGU \CJN /KV -WTJWV DGFGEMVGU QXCNGU 9CRRGP QDGP PGDGP FGO *GT\QIUJWV LG GKP .QTDGGT\YGKI &CX &QPGD *QN\OCKT 5 8QP ITÌVGT 5GNVGPJGKV 2TCEJVGZGORNCT (GKPG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

4GKEJUVCNGT -TWOOCW &QPGD

4 <CKPGPFG UGJT UEJÌP

-*'8'0*ª..'4 810 #+%*'.$'4)

,QJCPP )TCH XQP (TCPMGPDGTI Ó .QV 'KPUGKVKIG QXCNG 5KNDGTIWOGFCKNNG Q , Z OO I 'KPUGKVKIG $NGKIWOGFCKNNG IGHGTVKIV PCEJ FGO 8QTDKNF XQP # #DQPFKQ 2TQDU\V 8QTFGTUGKVG OO &C\W 4ÌOKUEJ &GWVUEJGU 4GKEJ 4WFQNH ++ QXCNG 5KNDGTIWOG FCKNNG Q , IGHGTVKIV PCEJ FGO 8QTDKNF XQP # #DQPFKQ OO I 5VÒEM 5R·VGTG )ÒUUG UGJT UEJÌP

56 &6' +0 &'0 *#$5$74)+5%*'0 '4$.#0&'0 5#.<$74)

$TQP\GOGFCKNNG XQP . %JT .CWGT CWH FCU L·JTKIG $GUVGJGP FGT .QIG <WT (ÒTUKEJV KP 5CN\ DWTI $TWUVDKNF FGU -QORQPKUVGP 9QNHICPI #OCFGWU /Q\CTV Ó N #PUKEJV GKPGU )GD·WFGU OKV FGT #WHUEJTKHV )CUVJCWU \WO IQNFGPGP <KTMGN OO 0KIIN (CUV 5VGORGNINCP\

9+'0

$CPEQ <GVVGN CWUUVGNNWPIUO·KI CWH -CTVQPDÌIGP WPVGT -NCTUKEJVHQNKG WPF 2CUUGRCTVQWV DGHGUVKIV )WNFGP Z )WNFGP Z &C\W 7PICTP #WUICDG FGU .CLQU -QUUWVJ (QTKPV

(CTDXCTKCPVGP 2KEM # # 5 C WPF D 5EJGKPG KP -CTVQPDÌIGP ++p+8

&CU CNU $CPEQ FGN )KTQ IGITÒPFGVG )GNFKPUVKVWV YWTFG KO ,CJTG FGT 5VCFV 9KGP ÒDGTVTCIGP FKG FCU )GNF KPUVKVWV CNU 9KGPGT 5VCFV $CPEQ HQTVUGV\VG #D YWTFGP 1DNKICVKQPGP CWUIGIGDGP IGFCEJV CNU RTQXKUQTKUEJG <CJNWPIUOKVVGN CD LGFQEJ $CPEQ <GVVGN FKG CNU 5VCCVURCRKGTIGNF CP\WUGJGP UKPF &KG CPH·PINKEJ UGJT DGNKGDVGP 5EJGKPG YWTFGP CD KP KOOGT JÌJGTGP #WHNCIGP CWUIGIGDGP WPF XGTNQTGP FCFWTEJ TGEJV DCNF KPHNCVKQP·T KJTGP 9GTV +O ,CJTG OWVG OCP HÒT 5KNDGTIWNFGP 2CRKGTIWNFGP DG\CJNGP .CLQU -QUUWVJ 0CVKQPCNJGNF FGT WPICTKUEJGP 4GXQNWVKQP YCT CD (KPCP\OKPKUVGT KP FGT 4GXQNWVKQPUTGIKG TWPI +O #WIWUV HNQJ GT KP FKG 6ÒTMGK YQ GT DKU IGHCPIGPIGJCNVGP YWTFG NGDVG GT KP FGP 75# UR·VGT KP 'PINCPF KP 6WTKP 1DYQJN GT COPGUVKGTV YWTFG DNKGD GT KO 'ZKN

.16 *#$5$74)

242

-NGKPG 5COONWPI XQP /ÒP\GP FGU ,CJTJWPFGTVU XQO -W -TGW\GT DKU \WO 4GKEJUVCNGT +PVGTGU UCPVGU .QV OKV GKPKIGP DGUUGTGP 6[RGP WPF ,CJTI·PIGP DKVVG DGUKEJVKIGP 5VÒEM <WO 6GKN OKV MNGKPGP (GJNGTP UEJÌPpXQT\ÒINKEJ

&'765%*' /ª0<'0 70& /'&#+..'0

2861

2860

4'+%*5/ª0<56 66'

(TKGFTKEJ + $TCMVGCV I -CKUGT VJTQPV X X OKV .KNKGP\GRVGT WPF &QRRGNTGKEJUCRHGN N QDGP KO (GNF 4KPIGN $GTIGT $WEJGPCW (F XQP )QVJC HH XCT 5NI .ÌDDGEMG XCT #VVTCMVKXG 2CVKPC UGJT UEJÌP

#0*#.6 )4#(5%*#(6

#.6'0$74)

#0*#.6

$GTPJCTF XQP 5CEJUGP $TCMVGCV -ÌVJGP I *GT\QI UVGJV X X OKV 5EJYGTV WPF 5EJKNF \YKUEJGP \YGK <KPPGPVÒTOGP N WPF T QDGP KO (GNF LG GKP 5VGTP $GTIGT 6JQTOCPP 4 #VVTCMVKXGU XQT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 6ÌPWPI

+O ,CJTG YWTFG FCU *GT\QIVWO 5CEJUGP KPHQNIG FGT EJVWPI *GKPTKEJU FGU .ÌYGP IGVGKNV $GTPJCTF XQP #PJCNV YWTFG OKV FGO ÌUVNKEJGP 6GKN DGNGJPV WPF GTJKGNV FCFWTEJ FGP *GT\QIUVKVGN

2862

2863

#0*#.6 (ª456'067/

,QJCPP )GQTI ++ XQP &GUUCW 8KEVQT #OCFGWU XQP $GTPDWTI 9KNJGNO XQP *CT\IGTQFG -CTN 9KNJGNO XQP <GTDUV WPF .GDGTGEJV XQP -ÌVJGP )WVG )TQUEJGP <GTDUV /CPP C 44 5GJT UEJÌP

)WVG )TQUEJGP <GTDUV /CPP I

8QP ITÌVGT 5GNVGPJGKV 5GJT UEJÌP

2864

2865

#0*#.6 -¤6*'0 2.¤6<-#7 (ª456'067/

#WIWUV .WFYKI 6CNGT -ÌVJGP /CPP

(GKPG 2CVKPC UGJT UEJÌP

4WFQNH 4GKEJUVCNGT <GTDUV CWH UGKPGP 6QF &CX /CPP C 4 *ÒDUEJG 2CVKPC UGJT UEJÌP

#0*#.6 <'4$56 (ª456'067/

4WFQNH YWTFG CNU 5QJP XQP ,QCEJKO 'TPUV WPF UGKPGT \YGKVGP )GOCJNKP 'NGQPQTG XQP 9ÒTVVGODGTI IGDQTGP 'T XGTO·JNVG UKEJ \WGTUV OKV &QTQVJGC *GFYKI XQP $TCWPUEJYGKI 6QEJVGT XQP *GT\QI *GKPTKEJ ,WNKWU XQP $TCWPUEJYGKI .ÒPGDWTI WPF UR·VGT OKV /CIFCNGPG 6QEJVGT ,QJCPPU +++ XQP 1NFGPDWTI 'T JCVVG KPUIGUCOV UGEJU -KPFGT

243

2866

2867

#0*#.6 $'40$74) (ª456'067/ 5'+6 *'4<1)67/

(TKGFTKEJ #NDTGEJV -QPX 6CNGT 5KNDGTJÒVVG &CX /CPP C (GKPG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

#0*#.6 &'55#7 (ª456'067/ 5'+6 *'4<1)67/

,QJCPP )GQTI ++ 5KNDGTOGFCKNNG WPUKIPKGTV YCJTUEJGKPNKEJ CWH FKG CO ,WNK IGHGKGTVG 8GTO·JNWPI OKV *GPTKGVVG -CVJCTKPC XQP 1TCPKGP 6QEJVGT *GKPTKEJ (TKGFTKEJU $GKFGT $TWUVDKNFGT PGDGPGKPCPFGT T 7PVGT (ÒTUVGPJWV FKG \W GKPGO 5EJKNF XGTDWPFGPGP 9CRRGP XQP #PJCNV WPF 0CUUCW 1TCPKGP \W FGP 5GKVGP 2CNO WPF 1TCPIGP\YGKI OO I /CPP C 44 4CPF OKP DGCTDGKVGV UGJT UEJÌPGU 'ZGORNCT

2869

2868

.GQRQNF (TKGFTKEJ 8GTGKPUFQRRGNVCNGT #-5 &CX -CJPV 6JWP 4CPFHGJNGT XQT\ÒINKEJ

8GTGKPUVCNGT CWH FKG 8GTGKPKIWPI FGT CPJCNVKPKUEJGP (ÒTUVGPVÒOGT #-5 &CX -CJPV 6JWP (GKPG 2CVKPC XQT\ÒINKEJ

2870

2871

8GTGKPUVCNGT #-5 &CX -CJPV 6JWP

(GKPG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

%CTN .WFYKI -QPX 6CNGT (TCPMHWTV #WUDGWVG FGU *QN\CRRGNGT $GTIYGTMU &CX /CPP /ÒUGNGT (GKP \CRQPKGTV YKP\ -TCV\GT XQT\ÒINKEJ

#0*#.6 5%*#7/$74) (ª456'067/

244

2874

2872

-QPX 6CNGT (TCPMHWTV #WUDGWVG FGU *QN\CRRGNGT $GTIYGTMU &CX /CPP /ÒUGNGT 9KP\ 4CPFHGJNGT XQT\ÒINKEJ

)GOGKPUEJCHVURT·IWPIGP 6CNGT #PJCNV $GTPDWTI -QPX 6CNGT 6CNGT 2HGPPKI #PJCNV &GUUCW 6CNGT #PJCNV <GTDUV 2HGPPKI 6CNGT 2HGPPKI 5VÒEM 5GJT UEJÌPpXQT\ÒINKEJ

.16 #0*#.6

#405$'4)

)4#(5%*#(6

9KNJGNO + 8KGTNKPI 'XGTUDGTI I )TCH UKV\V X X OKV 5EJYGTV WPF .KNKGP\GRVGT 9CRRGPUEJKNF $GTIJCWU 4 5GJT UEJÌP

2875 2877

$+567/

2877

#7)5$74)

9QNHJCTF XQP 4QVJ 9CEMGTPKV\ $TCMVGCV I -QRH FGU $KUEJQHU X X OKV -TWOOUVCD WPF $WEJ $GTIGT 5VGKPJKNDGT 8QT\ÒINKEJ

$TCMVGCV I -QRH FGU $KUEJQHU X X OKV -TWOOUVCD WPF $WEJ $GTIGT 5VGKPJKNDGT 8QT\ÒINKEJ

5V 7NTKEJ WPF #HTC 6TCIDCTGU UKNDGTPGU 7NTKEJUMTGW\ &CTUVGNNWPI FGT 7PICTPUEJNCEJV XQP 4WPFDQIGP FCTKP -QRH OKV /KVTC ÒDGT *GT\ WOJGT 5VTCJNGP WPF 9QNMGP \W FGP 5GKVGP LG \YGK 4WPFDÌIGP FCTKP LG GKP )GKUVNKEJGT WPVGP CWHIGDCJTVG )GUVCNV FCTÒDGT -TGW\ \YKUEJGP \YGK 'PIGNP Z OO I 5NI )QRRGN XIN 5GJT UEJÌP

2878

2878 2879

56#&6

<GJPGT OKV 6KVGN -CTNU 8 (QTUVGT )WNFGPVCNGT -TGW\GT OKV 6KVGN /CZKOKNKCPU ++ &CX (QTUVGT

5GJT UEJÌP 8QT\ÒINKEJ

245

2880

)WNFGPVCNGT -TGW\GT OKV 6KVGN /CZKOKNKCPU ++ &CX (QTUVGT 4GKEJUVCNGT OKV 6KVGN (GTFKPCPFU ++ &CX (QTUVGT

4GKEJUVCNGT OKV 6KVGN (GTFKPCPFU ++ &CX # (QTUVGT 4GKEJUVCNGT OKV 6KVGN (GTFKPCPFU ++ &CX (QTUVGT 4GKEJUVCNGT OKV 6KVGN (GTFKPCPFU ++ (QTUVGT

2885

246

8QT\ÒINKEJ 4 5GJT UEJÌP

2884

2882

2881

4GKEJUVCNGT OKV 6KVGN (GTFKPCPFU +++ &CX # (QTUVGT 4GKEJUVCNGT OKV 6KVGN (GTFKPCPFU +++ &CX # (QTUVGT

2883

#VVTCMVKXG 2CVKPC XQT\ÒINKEJ 5GJT UEJÌP 4 9KP\ *GPMGNURWT UGJT UEJÌP

2886

(CUV XQT\ÒINKEJ (CUV XQT\ÒINKEJ

2888

2887 Schraubtaler

5EJTCWDVCNGT OKV 6KVGN (GTFKPCPFU +++ 2[T XQT 5VCFVCPUKEJV )GJCTPKUEJVGU $TWUVDKNF (GTFKPCPFU +++ T OKV .QTDGGTMTCP\ 1JPG 'KPNCIGP &CX \W (QTUVGT \W 2TGNGT \W 2CVKPC UGJT UEJÌP

4GKEJUVCNGT OKV 6KVGN (GTFKPCPFU +++ &CX (QTUVGT

2889

8QT\ÒINKEJ

2891

2890

4GKEJUVCNGT OKV 6KVGN (GTFKPCPFU +++ (QTUVGT

5KNDGTOGFCKNNG WPUKIPKGTV CWH FGP 9GUVH·NKUEJGP (TKGFGP 7PVGT GKPGT -TQPG FCU IGJCTPKUEJVG $TWUVDKNF -CKUGT (GTFKPCPFU +++ T OKV FGT -GVVG FGU 1TFGPU XQO )QNFGPGP 8NKGU WPVGP GKPG -CTVWUEJG FKG VGKNYGKUG CWU \YGK #FNGTP OKV -QRH *CNU WPF (NÒIGNP IGDKNFGV KUV CP FGT -CTVWUEJG UKPF GKP ¤N WPF 2CNO\YGKI DGHGUVKIV FKG FCU $TWUVDKNF WOTCJOGP 7PVGT UVTCJNGPFGO )QVVGUPCOGP FGT MPKGPFG -CKUGT OKV \WO )GDGV GTJQDGPGP *·PFGP T TGKEJGP UKEJ FTGK 2GTUQPGP FKG *CPF CNU 8GTVTGVGT FGU -CKUGTU (TCPMTGKEJU WPF 5EJYGFGPU KO #DUEJPKVV HÒPH <GKNGP 5EJTKHV OO I &GVJ 1TF 2CZ KP 0WOOKU 5GJT UEJÌP

5KNDGTOGFCKNNG WPUKIPKGTV CWH FKG 9CJN (GTFKPCPFU +8 \WO TÌOKUEJGP -ÌPKI 5KGDGP <GKNGP 5EJTKHV KP GKPGT 7OTCJOWPI XQP #TCDGUMGP FCTÒDGT 5VCFVR[T #WH GKPGT 5·WNG XQP 5QPPG DGUEJKGPG PGT FQRRGNVGT 4GKEJUCFNGT OKV -CKUGTMTQPG <GRVGT WPF 5EJYGTV CO $QFGP NKGIGP 9CHHGPVTQRJ·GP OO I (QTUVGT 5NI /QPVGPWQXQ 8QT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 2CVKPC

2892

4 #VVTCMVKXG 2CVKPC XQT\ÒINKEJ

4GKEJUVCNGT OKV 6KVGN .GQRQNFU + &CX (QTUVGT 4GKEJUVCNGT OKV 6KVGN .GQRQNFU + &CX (QTUVGT

2893

44 *GPMGNURWT UGJT UEJÌP 8QT\ÒINKEJ

247

2894

2895

4GKEJUVCNGT OKV 6KVGN .GQRQNFU + &CX (QTUVGT 5EJÌPG 6ÌPWPI OKP LWUVKGTV UGJT UEJÌPpXQT\ÒINKEJ

4GKEJUVCNGT OKV 6KVGN .GQRQNFU + &CX (QTUVGT

2896

2897

8QT\ÒINKEJ

2896

4GKEJUVCNGT OKV 6KVGN .GQRQNFU + (QTUVGT

5KNDGTPG 4CVUOGFCKNNG XQP 2 * /ÒNNGT 5VCFVCPUKEJV FCXQT UVGJV GKP )GPKWU OKV \YGK 9CRRGP UEJKNFGP QDGP 5V 7NTKEJ WPF 5V #HTC KP 9QNMGP FC\YKUEJGP 5VCFVR[T 'KP 'PIGN J·NV CP $·PFGTP HÒPH 9CRRGPUEJKNFG WPVGP FKG (NWIÌVVGT .GEJ WPF 9GTVCEJ OKV XKGT YGKVGTGP 9CRRGPUEJKNFGP OO I (QTUVGT -N 4CPFHGJNGT HCUV XQT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 2CVKPC

2899

2898

5GJT UEJÌP

2900

4GKEJUVCNGT OKV 6KVGN XQP (TCP\ + I #WIWUVC UKV\V HCUV X X OKV /CWGTMTQPG KP FGT 4GEJVGP 5VCFVR[T KP FGT .KPMGP (TGKJGKVUUVCD )GJCTPKUEJVGU $TWUVDKNF XQP (TCP\ + T OKV .QTDGGTMTCP\ &CX (QTUVGT NGKEJV XCT 8QT\ÒINKEJGU 'ZGORNCT

-QPX 6CNGT OKV 6KVGN XQP (TCP\ + &CX (QTUVGT -QPX 6CNGT OKV 6KVGN XQP (TCP\ + &CX (QTUVGT

(CUV XQT\ÒINKEJ XQT\ÒINKEJ (GKP \CRQPKGTV HCUV XQT\ÒINKEJ

-QPX 6CNGT OKV 6KVGN XQP (TCP\ + &CX (QTUVGT 9KP\ 5EJTÌVNKPIUHGJNGT CO 4CPF UGJT UEJÌP

248

2903

2902

$#&'0 $#&'0 $#&'0 /#4-)4#(5%*#(6

.WFYKI 9KNJGNO $TGVVUVGKP CWU FWPMNGO #JQTPJQN\ OKV FGP /GFCKNNGPUVGORGNP XQP 2 * /ÒNNGT IGHGTVKIV CWH UGKPG ªDGTPCJOG FGU 1DGTDGHGJNU ÒDGT FKG MCKUGTNKEJG 4GKEJUCTOGG CO 4JGKP )GJCTPKUEJVGU $TWUVDKNF T &GT /CTMITCH CNU CPVKMGT *GNF UVGJV N WPF YKTF XQP GKPGO JKPVGT KJO UVGJGPFGP )GPKWU DGMT·P\V XQT KJO UKV\V FGT (NWIQVV FGU 4JGKPU OKV HNGJGPF GTJQDGPGP #TOGP QDGP UVTCJNGPFG 5QPPG WPVGP T FGT WPVGTIGJGPFG /QPF OO (QTUVGT \W *KOOGNJGDGT 8QT\ÒINKEJ

-CTN (TKGFTKEJ -QPX 6CNGT &WTNCEJ &CX 9KGNCPFV D (GKP \CRQPKGTV UGJT UEJÌPpXQT\ÒINKEJ

$#&'0 &74.#%* /#4-)4#(5%*#(6 5'+6 -74(ª456'067/ 5'+6 )4155*'4<1)67/

2905

2904

-QPX 6CNGT &WTNCEJ &CX 9KGNCPFV (GKP \CRQPKGTV HCUV XQT\ÒINKEJ -CTN .WFYKI (TKGFTKEJ -W -TGW\GT #-5 , 5GNVGPGT ,CJTICPI 5GJT UEJÌP

2906

2908

-TQPGPVCNGT #-5 &CX -CJPV 6JWP

.QV -TGW\GT -W -TGW\GT &C\W -CTN (TKGFTKEJ -W -TGW\GT #-5 , D C -$ 5VÒEM 5GJT UEJÌP

8QT\ÒINKEJ

.WFYKI -TQPGPVCNGT #-5 &CX -CJPV 6JWP 4 9KP\ 5EJTÌVNKPIUHGJNGT HCUV UGJT UEJÌP

&QRRGNIWNFGP #-5 &CX -CJPV 6JWP

5EJÌPpUGJT UEJÌP

249

2910

2911

)WNFGP #-5 ,

44 4CPFHGJNGT UEJÌPpUGJT UEJÌP

6CNGT -TGW\GT #-5 &CX -CJPV 6JWP 2TCEJVGZGORNCT (GKPG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

2912

2913

-CTN .GQRQNF (TKGFTKEJ -TQPGPVCNGT #-5 &CX -CJPV 6JWP 8QT\ÒINKEJp5VGORGNINCP\

-TQPGPVCNGT #WUDGWVG #-5 &CX -CJPV 6JWP

2914

(GKPG 2CVKPC XQT\ÒINKEJ

2915

-TQPGPVCNGT #WUDGWVG #-5 &CX -CJPV 6JWP *ÒDUEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

-TQPGPVCNGT <W +JTGT 8ÌNMGT *GKN #-5 &CX -CJPV 6JWP 5GJT UEJÌPpXQT\ÒINKEJ XQT\ÒINKEJ

2916

2917

8GTGKPUFQRRGNVCNGT %CTN (TKGFTKEJ &GPMOCN #-5 &CX -CJPV 6JWP 8QT\ÒINKEJp5VGORGNINCP\

8GTGKPUFQRRGNVCNGT %CTN (TKGFTKEJ &GPMOCN #-5 &CX -CJPV 6JWP 5GJT UEJÌP

250

2920

2918

&QRRGNIWNFGP #-5 &CX -CJPV 6JWP 2TCEJVGZGORNCT (GKPG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

&QRRGNIWNFGP #-5 &CX -CJPV 6JWP )WNFGP #-5 ,

.QV -W -TGW\GT &C\W (TKGFTKEJ + -W -TGW\GT #-5 Z , D E Z 5VÒEM 8QT\ÒINKEJp5VGORGNINCP\

/GJTGTG MN -TCV\GT XQT\ÒINKEJ *ÒDUEJG 2CVKPC HCUV 5VGORGNINCP\

2922

(TKGFTKEJ + -COOGTJGTTGPUEJNÒUUGN I /GUUKPI XGTIQNFGV .·PIG EO +O TGKEJ XGT\KGTVGP )TKHH DGHKPFGP UKEJ \YGK \WTÒEMDNKEMGPFG IGMTÌPVG )TGKHGP FKG GKPGP IGMTÌPVGP 5EJKNF OKV /QPQITCOO JCNVGP 8QP ITÌVGT 5GNVGPJGKV 8QT\ÒINKEJ

)NGKEJG 5EJNÒUUGN YWTFGP CWEJ PQEJ WPVGT (TKGFTKEJ ++ IGVTCIGP

2923 2924

2924

&QRRGNIWNFGP 2TKP\ WPF 4GIGPV #-5 &CX -CJPV 6JWP 5GJT UEJÌPpXQT\ÒINKEJ

5KNDGTOGFCKNNG XQP . -CEJGN WPF % 8QKIV CWH FKG ,CJTHGKGT FGT 7PKXGTUKV·V (TGKDWTI KO $TGKUICW -QRH T &KG YGKDNKEJG #NNGIQTKG FGT 7PKXGTUKV·V UKV\V X X OKV /CWGTMTQPG KP FGT 4GEJVGP GKPGP -QTD OKV 2HNCP\GP JCNVGPF KP FGT .KPMGP <GRVGT WPVGP FCU 5VCFVYCRRGP XQP (TGKDWTI OO I .CXGTTGP\ 9KGNCPFV <GKV\ 8QT\ÒINKEJp5VGORGNINCP\

251

2925

$+567/

2926

2927

$#/$'4)

5GFKUXCMCP\ 4GKEJUVCNGT 0ÒTPDGTI &CX -TWI <GRGTPKEM (GKPG 2CVKPC XQT\ÒINKEJ

5GFKUXCMCP\ 5KNDGTOGFCKNNG XQP 2 2 9GTPGT WPF + . 1GZNGKP -CKUGT *GKPTKEJ ++ VJTQPV X X OKV <GRVGT WPF 4GKEJUCRHGN WOJGT 9CRRGPMTCP\ 2QUVCOGPV OKV 5VKHVUYCRRGP FCTCWH 5EJYGTV $KUEJQHUUVCD 4GKEJUCRHGN (ÒTUVGPJWV /KVTC WPF -TGW\ FCTÒDGT #FNGT N PGDGP FGO 2QUVC OGPV UVGJV -CKUGT *GKPTKEJ ++ FGT GKP -KTEJGPOQFGNN WOHCV T UKV\V -CKUGTKP %WPKIWPFC OKV <GRVGT OO I *GNNGT <GRGTPKEM 44 (GKPG 2CVKPC YKP\ 4CPFHGJNGT XQT\ÒINKEJGU 'ZGORNCT

5KNDGTOGFCKNNG XQP + . 1GZNGKP -CKUGT *GKPTKEJ ++ VJTQPV X X OKV <GRVGT WPF 4GKEJUCRHGN WOJGT 9CRRGPMTCP\ 2QUVCOGPV OKV 5VKHVUYCRRGP FCTCWH 5EJYGTV $KUEJQHUUVCD 4GKEJUCRHGN (ÒTUVGP JWV /KVTC WPF -TGW\ FCTÒDGT #FNGT N PGDGP FGO 2QUVCOGPV UVGJV -CKUGT *GKPTKEJ ++ FGT GKP -KTEJGPOQFGNN WOHCV T UKV\V -CKUGTKP %WPKIWPFC OKV <GRVGT OO I *GNNGT <GRGTPKEM 4 #VVTCMVKXGU 'ZGORNCT OKV JÒDUEJGT 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

2928

252

,QJCPP 2JKNKRR #PVQP XQP (TCPMGPUVGKP 4GKEJUVCNGT 0ÒTPDGTI &CX -TWI 4 *CCTG NGKEJV PCEJITCXKGTV UGJT UEJÌP

2929

2930

2931

5GFKUXCMCP\ 5KNDGTOGFCKNNG XQP 2 2 9GTPGT )GMTÌPVGT &QRRGNCFNGT OKV 5EJYGTV WPF 4GKEJUCRHGN KP FGP (·PIGP CWH FGP CWUIGDTGKVGVGP (NÒIGNP FKG 9CRRGP FGT \GJP ·NVGTGP &QOJGTTGP WPVGP 5RTWEJDCPF #WH GKPGO R[TCOKFGPHÌTOKIGP 2QUVCOGPV OKV 5VKHVUYCRRGP UKV\V GKP #FNGT N UVGJV -CKUGT *GKPTKEJ ++ FGT GKP &QOOQFGNN WOHCV T UKV\V -CKUGTKP %WPKIWPFC CP FGO 2QUVCOGPV UKPF CO 4CPF FKG 9CRRGP FGT \GJP ÒDTKIGP &QOJGTTGP CPIGDTCEJV OO I *GNNGT <GRGTPKEM -CDKPGVVUVÒEM OKV HGKPGT 2CVKPC 5VGORGNINCP\

5GFKUXCMCP\ 5KNDGTOGFCKNNG XQP + . 1GZNGKP -CKUGT *GKPTKEJ ++ TGKVGV T OKV FGT 4GEJ VGP FCU <GRVGT UEJWNVGTPF OKV FGT .KPMGP CWH FKG &QOMKTEJG YGKUGPF QDGP JCNVGP \YGK 'PIGN GKP 5EJKNF OKV FGT -CKUGTKP %WPKIWPFC 5V )GQTI TGKVGV N FGP &TCEJGP VÌVGPF OO I *GNNGT <GRGTPKEM 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC YKP\ 4CPFHGJNGT HCUV 5VGORGNINCP\

(TCP\ .WFYKI XQP 'TVJCN -QPX 6CNGT 0ÒTPDGTI -QPVTKDWVKQP &CX -TWI 2TCEJVGZGORNCT (GKP \CRQPKGTV HCUV 5VGORGNINCP\

2933 2932

2932

5GFKUXCMCP\ 5KNDGTOGFCKNNG XQP 2 2 9GTPGT -CKUGT *GKPTKEJ ++ VJTQPV X X OKV <GRVGT WPF 4GKEJUCRHGN WOJGT 9CRRGPMTCP\ 2QUVCOGPV OKV 5VKHVUYCRRGP FCTCWH 5EJYGTV $KUEJQHUUVCD (ÒTUVGPJWV /KVTC WPF -TGW\ N CO 2QUVCOGPV NGJPV -CKUGT *GKPTKEJ ++ T UVGJV -CKUGTKP %WPKIWPFC OKV <GRVGT QDGP UVTCJNGPFGU )QVVGUCWIG KO *KPVGTITWPF &QOMKTEJG OO I *GNNGT <GRGTPKEM *GTTNKEJG 2CVKPC XQT\ÒINKEJ

5KNDGTOGFCKNNG XQP 2 2 9GTPGT -CKUGT *GKPTKEJ ++ TGKVGV T OKV FGT 4GEJVGP FCU <GRVGT UEJWN VGTPF OKV FGT .KPMGP CWH FKG &QOMKTEJG YGKUGPF -CKUGTKP %WPKIWPFC UVGJV N WPF YGKUV OKV FGO <GRVGT KP KJTGT 4GEJVGP CWH FKG &QOMKTEJG OO I *GNNGT <GRGTPKEM *ÒDUEJG 2CVKPC YKP\ 4CPFHGJNGT XQT\ÒINKEJp5VGORGNINCP\

253

2935

2934

%JTKUVQRJ (TCP\ XQP $WUGEM -QPX 6CNGT &CX -TWI (GKP \CRQPKGTV XQT\ÒINKEJ

-QPX 6CNGT 0ÒTPDGTI &CX # -TWI

(GKP \CRQPKGTV OKP LWUVKGTV XQT\ÒINKEJ

2936

)4#(5%*#(6

$#4$;

*GKPTKEJ XQP 5CEJUGP 9GKGPHGNU 6CNGT $CTD[ I )GJCTPKUEJVGU $TWUV DKNF T OKV *CNUVWEJ WPF 7OJCPI )GMTÌPVGU XKGTHGNFKIGU 9CRRGP OKV /KVVGNUEJKNF &CX NGKEJV XCT /GJN NGKEJV XCT 44 ªDGTFWTEJUEJPKVVNKEJ GTJCNVGP -N 2T·IGUEJY·EJG WPF YKP\ 5EJTÌNVKPIUHGJNGT UGJT UEJÌP (ÒT FKG 2T·IWPI FKGUGU GZVTGO UGNVGPGP )WNFGPU YCT FGT /ÒP\OGKUVGT ,QJCPP .GQPJCTF #TGPUDWTI XGTCPVYQTVNKEJ FGT \WXQT UGKV KP FGP &KGPUVGP FGU )TCHGP )WUVCX XQP 5C[P 9KVVIGPUVGKP *QJGPUVGKP FGO 8CVGT FGT *GEMGP OÒP\GP IGUVCPFGP JCVVG )TCH )WUVCX JCVVG FGP )TCHGP *GKPTKEJ XQP $CTD[ \WT #WURT·IWPI XQP WPVGTYGTVKIGP /ÒP\GP CPKOKGTV YGKN UGKPG GKIGPGP /ÒP\UV·VVGP -NGVVGPDGTI WPF 5EJNQ 9KVVIGPUVGKP \W 4GEJV FGU -KRRGTWPYGUGPU XGTF·EJVKIV YWTFGP WPF XQP FGT 5EJNKGWPI DGFTQJV YCTGP 9CJTUEJGKPNKEJ YWTFG )WUVCX CO )GYKPP FGT /ÒP\UV·VVG $CTD[ DGVGKNKIV +O 1MVQDGT UVGNNVGP FKG MWTU·EJUKUEJGP $GJÌTFGP HGUV FC FGT /ÒP\OGKUVGT #TGPUDWTI RGTUÌP NKEJ XGTUWEJV JCV UGKP OKPFGTYGTVKIGU )GNF KP GKPGT .GKR\KIGT 8QTUVCFV CP FGP /CPP \W DTKPIGP -WTHÒTUV ,QJCPP )GQTI +++ NKG FKG /ÒP\UV·VVG $CTD[ CO 0QXGODGT PCEJ PWT \YGKOQPCVKIGT 6·VKIMGKV ÒDGTHCNNGP WPF \GTUVÌ TGP 8QP FGP *GEMGPOÒP\GP UKPF JGWVG PWT FKG )WNFGP DGMCPPV /CPHTGF /GJN CWU FGUUGP -QTRWUYGTM FKG XQTUVG JGPFGP +PHQTOCVKQPGP UVCOOGP YKGU FCTCWH JKP FC QHHGPDCT HCUV CNNG CWUIGRT·IVGP )WNFGP PCEJ FGT <GTUVÌTWPI FGT /ÒP\G GKPIG\QIGP WPF GKPIGUEJOQN\GP YQTFGP UKPF WPF FKG YGPKIGP ÒDGTNKGHGTVGP 'ZGORNCTG \W FGP ICP\ ITQGP 5GNVGPJGKVGP FGT 0WOKUOCVKM \·JNGP

2937

$#;'40 *'4<1)67/ 5'+6 -74(ª456'067/ 5'+6 -¤0+)4'+%*

#NDGTV 8 FGT )TQOÒVKIG 5EJCWVCNGT WPUKIPKGTV XQP * )GTJCTF )GJCTPKUEJVGU $TWUVDKNF T OKV (GNFDKPFG WPF WOIGNGIVGT -GVVG FGU 1TFGPU XQO )QNFGPGP 8NKGU <YGK CWHGKPCPFGT CPTÒEMGPFG 6TWRRGPVGKNG NKPMU *GGTHÒJTGT OKV 2CPKGT \W 2HGTF OO I *CDKEJ 9KVV 8QP ITQGT 5GNVGPJGKV 'KP /GKUVGTYGTM FGT UÒFFGWVUEJGP 4GPCKUUCPEG 5GJT UEJÌP 'ZGORNCT FGT #WMVKQP /GT\DCEJGT /ÒPEJGP 0T

254

2938

2940

2939

/CZKOKNKCP + 4GKEJUVCNGT /ÒPEJGP &CX *CJP

5GJT UEJÌPpXQT\ÒINKEJ

4GKEJUVCNGT ,CJTGU\CJN KO 5VGORGN CWU IG·PFGTV /ÒPEJGP &CX *CJP 5EJÌPG 2CVKPC UGJT UEJÌP

/CZKOKNKCP ++ 'OCPWGN 5KNDGTOGFCKNNG Q , XQP , -KVVGN CWH UGKPG 5KGIG )GJCTPKUEJVGU $TWUVDKNF HCUV X X )GMTÌPVGT .ÌYG N J·NV GKPGP )NQDWU KP FGO GKP 5EJYGTV UVGEMV WPF CWH FGO FKG 5V·FVPCOGP 9+'0 0'7*'75'. )4#0 9#+<'0 2'56 70& 1('0 \W NGUGP UKPF OO I 9KVV 'VYCU $GNCI MN 4CPFHGJNGT MN -TCV\GT UQPUV XQT\ÒINKEJ

2941

2942

4GKEJUVCNGT /ÒPEJGP &CX *CJP

0ÒTPDGTIGT $TGVVUVGKP CWU FWPMNGO *QN\ Q , #PHCPI FGU ,CJTJWPFGTVU PCEJ FGP /GFCKNNGPUVGO RGNP XQP 2 * /ÒNNGT IGHGTVKIV CWH FKG 5EJNCEJV DGK /QJCE\ KO ,CJTG 'KP 5VKGT OKV JCNDOQPF HÌTOKIGP *ÌTPGTP UVÌV IGIGP GKPG 5·WNG CWH FGT FKG $ÒUVG FGU -WTHÒTUVGP UVGJV 5EJNCEJVU\GPG OO (QTUVGT \W *KOOGNJGDGT 9KVV \W -N 4CPFHGJNGT XQT\ÒINKEJ

8QT\ÒINKEJ

255

2943 2944

2944

-CTN #NDGTV IGOGKPUEJCHVNKEJ OKV -CTN 2JKNKRR -WTHÒTUV XQP FGT 2HCN\ 4GKEJUVCNGT /CPPJGKO CWH FCU 8KMCTKCV *CCU *CJP 5NI /GOOGUJ *GTTNKEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

/CZKOKNKCP +++ ,QUGRJ -QPX 6CNGT /ÒPEJGP &CX *CJP

8QT\ÒINKEJ

-QPX 6CNGT # #ODGTI #TUNCPKVCNGT &CX *CJP 5GNVGP DGUQPFGTU KP FKGUGT 'TJCNVWPI (GKP \CRQPKGTV LWUVKGTV XQT\ÒINKEJ

-QPX 6CNGT /ÒPEJGP &CX *CJP

2945

2947

2946

2950

/KP LWUVKGTV XQT\ÒINKEJ

2948

-QPX 6CNGT /ÒPEJGP &CX *CJP

9KP\ -TCV\GT XQT\ÒINKEJp5VGORGNINCP\

-QPX 6CNGT # #ODGTI &CX # *CJP 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT 'TUVCDUEJNCI OKP LWUVKGTV 5VGORGNINCP\

.QV -QPX 6CNGT &CX *CJP &C\W -CTN 6JGQFQT -QPX 6CNGT # #ODGTI &CX *CJP 5VÒEM -TCV\GT Z UGJT UEJÌP

-CTN 6JGQFQT -QPX 6CNGT /CPPJGKO HÒT FKG 4JGKPRHCN\ I )GJCTPKUEJVGU $TWUVDKNF T OKV WOIGNGIVGO *GTOGNKPOCPVGN )GMTÌPVGU FTGKHGNFKIGU 9CRRGP FCTWPVGT .QTDGGT WPF 2CNO\YGKI IGMTGW\V &CX *CCU C *CJP 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC 5VGORGNINCP\

256

2951

2952

-QPX 6CNGT /ÒPEJGP &CX *CJP

/KP LWUVKGTV XQT\ÒINKEJ 5VGORGNINCP\

-QPX 6CNGT /CPPJGKO HÒT FKG 4JGKPRHCN\ &CX *CCU *CJP 2TCEJVGZGORNCT XQP HGKPUVGT 'TJCNVWPI 'TUVCDUEJNCI /KP LWUVKGTV HCUV 5VGORGNINCP\

2953

2954

-QPX 6CNGT /CPPJGKO HÒT FKG 4JGKPRHCN\ &CX *CCU *CJP (GKPG 2CVKPC XQT\ÒINKEJ

-QPX 6CNGT /ÒPEJGP &CX *CJP 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 'TUVCDUEJNCI /KP LWUVKGTV 5VGORGNINCP\

-QPX 6CNGT /ÒPEJGP &CX *CJP

2956

2957

/KP LWUVKGTV XQT\ÒINKEJ

2958

-QPX 6CNGT /ÒPEJGP CWH FCU 8KMCTKCV &CX *CJP

(GKP \CRQPKGTV XQT\ÒINKEJ

-QPX 6CNGT /CPPJGKO CWH FCU 8KMCTKCV 2T·IWPI HÒT FKG 4JGKPRHCN\ I $ÒUVG T OKV \WUCOOGPIGDWPFGPGP *CCTGP &QRRGNCFNGT CWH FGT $TWUV FCU OKV FGO -WTJWV DGFGEMVG FTGKHGNFKIG RHCN\ DC[GTKUEJG 9CRRGP WOJGT 1TFGPUMGVVG &CX *CCU *CJP 2TCEJVGZGORNCT OKV HGKPGT 2CVKPC 5VGORGNINCP\

-QPX 6CNGT /ÒPEJGP CWH FCU 8KMCTKCV &CX *CJP

5GJT UEJÌP

257

2959

2960

-TGW\GT /ÒPEJGP CWH FCU 8KMCTKCV *CJP 2TCEJVGZGORNCT 'TUVCDUEJNCI /KP LWUVKGTV HCUV 5VGORGNINCP\

/CZKOKNKCP + +8 ,QUGRJ -QPX 6CNGT #-5 &CX -CJPV 6JWP /KP LWUVKGTV XQT\ÒINKEJ

2961

2963

2962

-QPX 6CNGT -ÌPKIUVCNGT #-5 &CX -CJPV 6JWP /KP 5EJTÌVNKPIUHGJNGT CO 4CPF OKP LWUVKGTV XQT\ÒINKEJ

-QPX 6CNGT #-5 &CX -CJPV 6JWP

8GTIQNFGVGT /GUUKPI ,GVQP 9GTMUVCVV .CWGT CWH FGP DC[GTKUEJGP (GNFOCTUEJCNN -CTN 2JKNKRR (ÒTUV XQP 9TGFG CPN·NKEJ FGU 9KGPGT -QPITGUUGU $TWUVDKNF FGU (GNFOCTUEJCNNU KP 7PKHQTO N FCTWP VGT +'6610 (TCWGPIGUVCNV OKV \YGK .QTDGGTMT·P\GP CP GKPGO OKV FGO (ÒTUVGPJWV DGFGEMVGO 9 WPF 6TQRJ·GP IGUEJOÒEMVGP 2QUVCOGPV QDGP UVTCJNGPFGU )QVVGUCWIG 5NI ,WNKWU 9KVV 2TCEJVGZGORNCT (CUV 5VGORGNINCP\

9KP\ -TCV\GT XQT\ÒINKEJp5VGORGNINCP\

2964

258

5KNDGTOGFCKNNG XQP , .ÌUEJ 2T·UGPV FGT 5V·PFG \WO ,CJTGUVCI FGT 8GTHCUUWPI $ÒUVG T 5GEJU <GKNGP 5EJTKHV OO I 9KVV 8QT\ÒINKEJ

2965

2966

-TQPGPVCNGT #-5 &CX -CJPV 6JWP

*ÒDUEJG 2CVKPC XQT\ÒINKEJ

-QPX 6CNGT #-5 &CX -CJPV 6JWP

2TCEJVGZGORNCT (CUV 5VGORGNINCP\

2967

2968

-QPX 6CNGT #-5 &CX -CJPV 6JWP 5GNVGPGT ,CJTICPI KP CWGTIGYÌJPNKEJGT 3WCNKV·V 8QT\ÒINKEJp5VGORGNINCP\

-QPX 6CNGT #-5 &CX -CJPV 6JWP 5GNVGPGT ,CJTICPI #VVTCMVKXG 2CVKPC XQT\ÒINKEJ

2969

2970

-QPX 6CNGT Q , IGRT·IV DKU *CNDGT 5EJWNRTGKUVCNGT #-5 , 2TCEJVGZGORNCT (CUV 5VGORGNINCP\

.WFYKI + -QPX 6CNGT 4GIKGTWPIUCPVTKVV #-5 &CX -CJPV 6JWP (CUV XQT\ÒINKEJ

2971

2972

-QPX 6CNGT 8GTNGIWPI FGT .WFYKI /CZKOKNKCPU *QEJUEJWNG XQP .CPFUJWV PCEJ /ÒPEJGP #-5 &CX -CJPV 6JWP 8QT\ÒINKEJ 5VGORGNINCP\

-QPX 6CNGT 4GKEJGPDCEJ (TCWPJQHGT #-5 &CX -CJPV 6JWP 8QT\ÒINKEJp5VGORGNINCP\

259

2973

2974

-QPX 6CNGT 4GKEJGPDCEJ (TCWPJQHGT #-5 &CX -CJPV 6JWP

(CUV XQT\Ã&#x2019;INKEJ

-QPX 6CNGT $C[GTKUEJ 9Ã&#x2019;TVVGODGTIKUEJGT <QNNXGTGKP #-5 &CX -CJPV 6JWP 8QT\Ã&#x2019;INKEJ

2975

2976

-QPX 6CNGT .WFYKIU 1TFGP #-5 &CX -CJPV 6JWP 8QT\Ã&#x2019;INKEJp5VGORGNINCP\

-QPX 6CNGT 6JGTGUKGP 1TFGP #-5 &CX -CJPV 6JWP 2TCEJVGZGORNCT OKV HGKPGT 2CVKPC 5VGORGNINCP\

2977

2978

-QPX 6CNGT 6JGTGUKGP 1TFGP #-5 &CX -CJPV 6JWP 8QT\Ã&#x2019;INKEJp5VGORGNINCP\

-QPX 6CNGT 6JGTGUKGP 1TFGP 2TQDG 5KNDGT I /KV 1TFGPUMTGW\ \YKUEJGP \YGK .KNKGP\YGK IGP WPF WPVGP #/ &'% #-5 &CX \W -CJPV \W 6JWP \W 4 8QT\Ã&#x2019;INKEJ

2979

2980

-TQPGPVCNGT #-5 &CX -CJPV 6JWP

8QT\Ã&#x2019;INKEJ

-QPX 6CNGT 8GTHCUUWPIUUÂ·WNG #-5 &CX -CJPV 6JWP

8QT\Ã&#x2019;INKEJ

260

2981

2982

-QPX 6CNGT 5GIGP FGU *KOOGNU #-5 &CX -CJPV 6JWP

-QPX 6CNGT *CPFGNUXGTVTCI \YKUEJGP $C[GTP 2TGWGP 9ÒTVVGODGTI WPF *GUUGP #-5 &CX -CJPV 6JWP 9KP\ -TCV\GT HCUV XQT\ÒINKEJ

2983

-TQPGPVCNGT #-5 &CX -CJPV 6JWP -QPX 6CNGT $C[GTPU 6TGWG #-5 &CX -CJPV 6JWP

2985

(CUV XQT\ÒINKEJ

2984

8QT\ÒINKEJ 8QT\ÒINKEJp5VGORGNINCP\

2986

-QPX 6CNGT $C[GTPU 6TGWG #-5 &CX -CJPV 6JWP

8QT\ÒINKEJ

-QPX 6CNGT )GTGEJV WPF $GJCTTNKEJ #-5 &CX -CJPV 6JWP (GKPG 6ÌPWPI HCUV 5VGORGNINCP\

2987

2988

-QPX 6CNGT 1VVQ 2TKP\ XQP $C[GTP )TKGEJGPNCPFU GTUVGT -ÌPKI #-5 &CX -CJPV 6JWP 8QT\ÒINKEJ

-QPX 6CNGT .CPFVCI #-5 &CX -CJPV 6JWP

(CUV XQT\ÒINKEJ

261

2989

2990

-QPX 6CNGT &GPMOCN DGK 1DGTYKVVGNUDCEJ #-5 &CX -CJPV 6JWP 8QT\ÒINKEJ

-QPX 6CNGT <QNNXGTGKP #-5 &CX -CJPV 6JWP

8QT\ÒINKEJ

2991

2992

-QPX 6CNGT 1VVQ -CRGNNG #-5 &CX -CJPV 6JWP

(CUV XQT\ÒINKEJ

-TQPGPVCNGT #-5 &CX -CJPV 6JWP 2TCEJVGZGORNCT #WUFTWEMUXQNNG 2CVKPC HCUV 5VGORGNINCP\

2993

2994

-TQPGPVCNGT #-5 &CX -CJPV 6JWP

5KNDGTOGFCKNNG XQP , , 0GWUU CWH FCU ªDWPIUNCIGT DGK #WIUDWTI -QRH T #PUKEJV FGU ªDWPIUNCIGTU OKV ITQGT 6TQRJ·G KO 8QTFGTITWPF KO *KPVGTITWPF FKG 5VCFVCPUKEJV XQP #WIUDWTI OO I (QTUVGT 9KVV /KP 5VGORGNHGJNGT XQT\ÒINKEJ

2995

8QT\ÒINKEJ

2997

8GTGKPUFQRRGNVCNGT 4GKVGTU·WNG #-5 &CX -CJPV 6JWP 9KP\ 4CPFHGJNGT XQT\ÒINKEJ

)WNFGP )WNFGP #-5 ,

8GTGKPUFQRRGNVCNGT 5VCPFDKNF XQP ,GCP 2CWN (TKGFTKEJ 4KEJVGT #-5 &CX -CJPV 6JWP (CUV XQT\ÒINKEJ

262

5VÒEM 8QT\ÒINKEJ WPF UGJT UEJÌP

2998

2999

8GTGKPUFQRRGNVCNGT 9CNJCNNC #-5 &CX -CJPV 6JWP *GTTNKEJG 6ÌPWPI HCUV 5VGORGNINCP\

8GTGKPUFQRRGNVCNGT 8GTO·JNWPI FGU -TQPRTKP\GP /CZKOKNKCP OKV /CTKG XQP 2TGWGP #-5 &CX -CJPV 6JWP (GKPG 2CVKPC HCUV 5VGORGNINCP\

3001

3000

8GTGKPUFQRRGNVCNGT )TÒPFWPI FGT *QEJUEJWNG KP 'TNCPIGP #-5 &CX -CJPV 6JWP 8QT\ÒINKEJ

8GTGKPUFQRRGNVCNGT (GNFJGTTPJCNNG #-5 &CX -CJPV 6JWP

8QT\ÒINKEJ

3002

3003

8GTGKPUFQRRGNVCNGT .WFYKIUMCPCN #-5 &CX -CJPV 6JWP

/CZKOKNKCP ++ 8GTGKPUFQRRGNVCNGT 8GTHCUUWPI #-5 C &CX -CJPV 6JWP 5GJT UEJÌP

3005

3004

8GTGKPUFQRRGNVCNGT #-5 &CX -CJPV 6JWP

8QT\ÒINKEJp5VGORGNINCP\

.WFYKI ++ )WNFGP -QRH OKV 5EJGKVGN #-5 , *ÒDUEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

263

3007

3006

)WNFGP #-5 , )WNFGP #-5 ,

2TCEJVGZGORNCT (CUV 5VGORGNINCP\ (GKPG 2CVKPC XQT\ÒINKEJ

3008 3009

3009

)WNFGP #-5 ,

2TCEJVGZGORNCT (CUV 5VGORGNINCP\

5KNDGTOGFCKNNG XQP , 4KGU CWH FKG ,CJTHGKGT FGT 7PKXGTUKV·V 9ÒT\DWTI $TWUVDKNF T OKV *GT OGNKPOCPVGN <GKNGP 5EJTKHV KP .QTDGGTMTCP\ FCTCWH FTGK 9CRRGP QDGP UVTCJNGPFGT 5VGTP OO I .CXGTTGP\ 9KVV 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC 5VGORGNINCP\

3011

3010

56#&6

$'%-7/

-W 2HGPPKI 9GKPI 9KVVGPDTKPM

44 -N 5EJTÌVNKPIUHGJNGT CO 4CPF UGJT UEJÌP

$'06*'+/ $'06*'+/ 6'%-.'0$74) 4*'&# )4#(5%*#(6

/QTKV\ 6CNGT &QRRGNVGT (ÒTUVGPITQUEJGP -KTEJUVCRGN OKV 6KVGN .GQRQNFU + #TV -GPPGRQJN F 4 5GJT UEJÌP

3012

56#&6

$100

5KNDGTOGFCKNNG XQP ,QJ * $QNVUEJCWUGT CWH FKG 'TJGDWPI FGT $QPPGT #MCFGOKG \WT 7PKXGTUKV·V $TWUVDKNF FGU 'T\DKUEJQHU XQP -ÌNP /CZ (TCP\ XQP ¤UVGTTGKEJ T KP *GTOGNKP WPF OKV $KUEJQHUMTGW\ <GKNGP 5EJTKHV FCTÒDGT HÒPH\CEMKIGT 5VGTP OO I .CXGTTGP\ D 9GKNGT 44 (GKPG 2CVKPC XQT\ÒINKEJ &GT 'T\DKUEJQH XQP -ÌNP /CZ (TCP\ JCV FKG 7PKXGTUKV·V $QPP CNU )GIGPIGYKEJV \W FGT CNVGP FCOCNU XGTMCNMVGP 7PKXGTUKV·V -ÌNP IGITÒPFGV &KG 5GGNG FGT 7PKXGTUKV·V YCT FGT HTÒJGTG #MCFGOKGRT·UKFGPV (TCP\ 9KNJGNO (TGKJGTT XQP 5RKGIGN \WO &GUGPDGTI GT YCT FGT ·NVGUVG $TWFGT FGU UR·VGTGP 'T\DKUEJQHU WPF FGT GTUVG 4GMVQT FGT PGWGP 7PKXGTUKV·V FKG CO 0QXGODGT GKPIGYGKJV YWTFG &KG 7PKXGTUKV·V HKGN FGT 4GXQNWVKQP KO ,CJTG \WO 1RHGT WPF YWTFG GTUV WPVGT RTGWKUEJGT *GTTUEJCHV YKGFGT PGW IGITÒPFGV

264

3014 3013

3013

$4#0&'0$74) +0 (4#0-'0 $4#0&'0$74) +0 (4#0-'0 /#4-)4#(5%*#(6

)GQTI WPF #NDTGEJV OKV 6KVGN )GQTIU DKU 6CNGT 5EJYCDCEJ &CX X 5EJT E (CUV UGJT UEJÌP

%JTKUVKCP -TGW\GT $CV\GP (ÒTVJ /ÒP\\GKEJGP JTGP 5NI 9KNO 8QT\ÒINKEJ

$4#0&'0$74) $#;4'76* /#4-)4#(5%*#(6

3015

3016

)TQUEJGP $C[TGWVJ CWH UGKPGP 6QF 5NI 9KNO

%JTKUVKCP 'TPUV 4GKEJUVCNGT CWH UGKPG \YGKVG 8GTO·JNWPI OKV 5QRJKC .WKUG 6QEJVGT *GT\QI 'DGTJCTFU +++ XQP 9ÒTVVGODGTI I )GMTÌPVGT #FNGT OKV FGP 9CRRGP XQP $TCPFGPDWTI $C[TGWVJ WPF 9ÒTVVGODGTI \W FGP 5GKVGP 2CNO\YGKIG 5VTCJNGPFG 5QPPG WPF FGT 2NCPGV 8GPWU ÒDGT 6KGTMTGKU OKV .ÌYG WPF ,WPIHTCW 8CTKCPVG OKV ITQGO 6KGTMTGKU &CX -NGKP 4CHH 5NI 9KNO 4 (GKP \CRQPKGTV YKP\ 5VGORGNHGJNGT CO 4CPF UGJT UEJÌPpXQT\ÒINKEJ

5GJT UEJÌP

3017

3018 Sn

(TKGFTKEJ 5KNDGTOGFCKNNG XQP 2 2 9GTPGT CWH FKG -WPFOCEJWPI FGT 2TKXKNGIKGP FGT 7PKXGTUKV·V 'TNCPIGP 5VTCJNGPFG 5QPPG ÒDGT FTGK IGMTÌPVGP 1DGNKUMGP KO *KPVGTITWPF KUV FKG 5VCFV 'TNCPIGP CPIGFGWVGV (ÒPH <GKNGP 5EJTKHV \YKUEJGP IGMTGW\VGP <YGKIGP WPF 8GT\KGTWPIGP OO I .CXGTTGP\ 5NI 9KNO 5GJT UEJÌPpXQT\ÒINKEJ

<KPPOGFCKNNG XQP # 8GUVPGT CWH FKG 'KPYGKJWPI FGT 7PKXGTUKV·V 'TNCPIGP )GJCTPKUEJVGU $TWUV DKNF T 2GICUWU CWH FGO *GNKMQP OKV FGP *WHGP FKG 3WGNNG *KRRQMTGPG ÌHHPGPF CO (GNUGP FCU IG MTÌPVG DTCPFGPDWTIKUEJG 9CRRGPUEJKNF T KO *KPVGTITWPF FKG 5VCFVCPUKEJV XQP 'TNCPIGP OO $GTPJGKOGT .CXGTTGP\ 5NI 9KNO /KV 1TKIKPCN -WRHGTUVKHV XQT\ÒINKEJ

265

3019

3020

3021

$4#0&'0$74) #05$#%* /#4-)4#(5%*#(6

(TKGFTKEJ #NDGTV WPF %JTKUVKCP 4GKEJUVCNGT 0ÒTPDGTI &CX 5NI 9KNO (CUV XQT\ÒINKEJ

,QJCPP (TKGFTKEJ 6CNGT )WNFGP /KV 9GTV\CJN CWH FGT 4ÒEMUGKVG 5NI 9KNO 44 /KP LWUVKGTV UGJT UEJÌP

3022

3023

3024 Sn

6CNGT 5EJYCDCEJ &CX 5NI 9KNO 6CNGT 5EJYCDCEJ &CX 5NI 9KNO

%JTKUVKCPG %JCTNQVVG CNU 8QTOÒPFGTKP KJTGU 5QJPGU -CTN 9KNJGNO (TKGFTKEJ 4GKEJUVCNGT &CX 5NI 9KNO 44 (GKP \CRQPKGTV MN 5VGORGNHGJNGT CO 4CPF XQT\ÒINKEJ

-CTN 9KNJGNO (TKGFTKEJ <KPPOGFCKNNG Q , #DUEJNCI XQP FGP 5VGORGNP FGU (CNMGPVCNGTU I )GJCTPKUEJVGU $TWUVDKNF T OKV WOIGNGIVGO *GTOGNKPOCPVGN CO #TOCDUEJPKVV )1<+0)'4

, 5 )ÌV\KPIGT 5VGORGNUEJPGKFGT KP #PUDCEJ Ó &GT /CTMITCH TGKVGV N KO *KPVGTITWPF 6TQORGVGT WPF 6TQOONGT CWH 2HGTFGP QDGP GKP (CNMG FGT GKPGP 4GKJGT CPITGKHV &CX 5NI 9KNO 44 /KV 1TKIKPCN -WRHGTUVKHV XQT\ÒINKEJ

266

'VYCU $GNCI XQT\ÒINKEJ 5GJT UEJÌP

3025

3026

4GKEJUVCNGT 5NI 9KNO

ªDNKEJGT 5VGORGNHGJNGT XQT\ÒINKEJ

4GKEJUVCNGT CWH FKG 'KPYGKJWPI FGU )[OPCUKWOU KP 'TNCPIGP 5NI 9KNO 44 8QT\ÒINKEJp5VGORGNINCP\

3027

3028

%JTKUVKCP (TKGFTKEJ -CTN #NGZCPFGT -QPX 6CNGT 5EJYCDCEJ CWH FKG -TGKUQDTK UVGPYÒTFG &CX 5NI 9KNO *GTTNKEJG 2CVKPC OKP 5EJTÌVNKPIUHGJNGT CO 4CPF XQT\ÒINKEJGU 'ZGORNCT

-QPX 6CNGT 5EJYCDCEJ CWH FKG -TGKUQDTKUVGPYÒTFG &CX 5NI 9KNO (GKP \CRQPKGTV YKP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

3029

3030

-QPX 6CNGT 5EJYCDCEJ CWH FKG -TGKUQDTKUVGPYÒTFG 5NI 9KNO 2TCEJVGZGORNCT (CUV 5VGORGNINCP\

5KNDGTOGFCKNNG XQP , 5 )ÌV\KPIGT CWH FKG $TWEMDGTIGT 2QT\GNNCPHCDTKM $TWUVDKNF T #PUKEJV FGU $TWEMDGTIGT 5EJNQUUGU OO I 5NI 9KNO 5GJT UEJÌPpXQT\ÒINKEJ

3031

3032

-QPX 6CNGT 5EJYCDCEJ CWH FKG 8GTGKPKIWPI FGT DGKFGP (ÒTUVGPVÒOGT &CX 5NI 9KNO (GKP \CRQPKGTV XQT\ÒINKEJp5VGORGNINCP\

-QPX 6CNGT 5EJYCDCEJ &CX 5NI 9KNO 5GNVGP KP FKGUGT 'TJCNVWPI (CUV XQT\ÒINKEJ

267

3034

3033

3035

-QPX 6CNGT 5EJYCDCEJ &CX 5NI 9KNO

-QPX 6CNGT #PUDCEJ CWH FKG 'TPGWGTWPI FGU 4QVGP #FNGTQTFGPU &CX 5NI 9KNO (GKP \CRQPKGTV YKP\ 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

(GKP \CRQPKGTV XQT\ÒINKEJ

-QPX 6CNGT $C[TGWVJ &CX 5NI 9KNO

(GKP \CRQPKGTV UGJT UEJÌPpXQT\ÒINKEJ

$#;4'76* 56#&6

$TQP\GOGFCKNNG WPUKIPKGTV CWH )GPGTCN #WIWUV XQP 4GKPJCTFV 'JTGPITQOGKUVGT FGT )TQGP .QIG <WT 5QPPG KP $C[TGWVJ WPF 8QTUKV\GPFGT FGU 8GTGKPU FGWVUEJGT (TGKOCWTGT $TWUVDKNF 4GKP JCTFVU HCUV X X 5VTCJNGPFG 5QPPG KP FGTGP 5EJGKDG GKP 9KPMGNOC OKV FCTCWH NKGIGPFGO IGÌHHPGVGP <KTMGN OO *<% (CUV 5VGORGNINCP\

3038

3037

$4#0&'0$74) 24'755'0 $4#0&'0$74) /#4-)4#(5%*#(6 5'+6 &'/ ,#*4*70&'46 -74(ª456'067/

2T\KDKUNCY *GKPTKEJ &ÒPPRHGPPKI $TCPFGPDWTI I (ÒTUV OKV (CJPG TGKVGV T FCJKP VGT -TGW\ 8KGTVÒTOKIGU )GD·WFG $CJTH 5NI $QPJQHH *ÒDUEJG 2CVKPC GVYCU FG\GPVTKGTV UGJT UEJÌP

&ÒPPRHGPPKI $TCPFGPDWTI I $TWUVDKNF X X OKV 5EJYGTV WPF (CJPG $TWUVDKNF FGT (ÒTUVKP 2GVTKUUC X X N 5VGTP T XKGT -WIGNP $CJTH 5NI $QPJQHH 4 2T·IGUEJY·EJG UGJT UEJÌP

3039

3041 3040

1VVQ + $TCMVGCV $TCPFGPDWTI I /CTMITCH UVGJV X X OKV (CJPG 5EJKNF WPF 5EJYGTV \YKUEJGP \YGK )GD·WFGP OKV -WRRGNVÒTOGP $CJTH $GTIGT 5GJT UEJÌPpXQT\ÒINKEJ

$TCMVGCV $TCPFGPDWTI I /CTMITCH UKV\V X X OKV 5EJYGTV WPF (CJPG CWH /CWGT \YKUEJGP \YGK 6ÒTOGP $CJTH $GTIGT 8QT\ÒINKEJ

(TKGFTKEJ ++ 8KGTEJGP Q , 2TGP\NCW $CJTH XCT 8KGTEJGP Q , 2TGP\NCW $CJTH XCT

268

4 5GJT UEJÌP 4 5GJT UEJÌP

3044

3043

,QCEJKO WPF #NDTGEJV )TQUEJGP $GTNKP $CJTH -NWIG KP $GTNKPGT 0WOKUOCVK UEJG (QTUEJWPIGP $0( 5 /KV 2T·IGIN·P\ UGJT UEJÌP

)TQUEJGP $GTNKP $CJTH

5GJT UEJÌP

3046

3045

3047

3048

)TQUEJGP (TCPMHWTV $CJTH

2T·IGUEJY·EJG UGJT UEJÌP

,QCEJKO + )TQUEJGP $GTNKP $CJTH 9KP\ 5EJTÌVNKPIUHGJNGT CO 4CPF UGJT UEJÌP

)TQUEJGP 5VGPFCN $CJTH )TQUEJGP 5VGPFCN $CJTH

)TQUEJGP (TCPMHWTV $CJTH )TQUEJGP (TCPMHWTV $CJTH

-N 2T·IGUEJY·EJG UGJT UEJÌP /KP 5EJTÌVNKPIUHGJNGT CO 4CPF UGJT UEJÌP

3049

3051

3050

-N 2T·IGUEJY·EJG UGJT UEJÌP 5GJT UEJÌP

3052

1,5:1

)TQUEJGP 5VGPFCN $CJTH

,QCEJKO ++ )TQUEJGP $GTNKP /KV -WTJWV ÒDGT FGO 9CRRGP KP FGT 4ÒEMUGKVGPFCT UVGNNWPI $CJTH 8QP ITQGT 5GNVGPJGKV 5GJT UEJÌP

)TQUEJGP $GTNKP $CJTH )TQUEJGP $GTNKP $CJTH 6CNGT 5COONGTCPHGTVKIWPI FGU ,CJTJWPFGTVU &CX \W

3053

5GJT UEJÌP

3054

/KV 2T·IGINCP\ UGJT UEJÌP 5GJT UEJÌP 5GJT UEJÌP

269

3056 3057

3057

)GQTI 9KNJGNO 1TV 6CNGT -ÌPKIUDGTI /CTKGPD NGKEJV XCT (CUV XQT\ÒINKEJ

(TKGFTKEJ 9KNJGNO FGT )TQG -WTHÒTUV $TGKVGT FQRRGNVGT 4GKEJUVCNGT Q , -ÌPKIUDGTI I *ÒHVDKNF T KO -WTQTPCV WPF OKV -WTJWV OKV FGT 4GEJVGP FCU <GRVGT UEJWNVGTPF FKG .KPMG CO 5EJYGTVITKHH +P GKPGT GTDNÒJVGP 4QUG FGT -WTUEJKNF WOJGT GKP -TCP\ CWU 9CRRGP UEJKNFGP &CX X 5EJT D 44 /KP $GCTDGKVWPIUURWTGP CO 4CPF 4GUVG CNVGT 8GTIQNFWPI UGJT UEJÌP

&KGUGT &QRRGNVCNGT \GKIV CWH FGT 8QTFGTUGKVG FCU JQJGKVUXQNNG $KNFPKU FGU PQEJ LWIGPFNKEJGP )TQGP -WTHÒTUVGP 5EJQP *QHTCV XQP /CFCK UEJTGKDV KP UGKPGO GTUEJKGPGPGP 6JCNGT %CDKPGV 0T \W FKGUGO TGRT·UGPVCVKXGP HTÒJDCTQEMGP 5EJCWUVÒEM 'T KUV GKP UEJÌPGT &QRRGNVJCNGT

3058

3059

6CNGT +. $GTNKP X 5EJT

6CNGT )( -TQUUGP )GJCTPKUEJVGU $TWUVDKNF T OKV WOIGNGIVGO /CPVGN WPVGP 9GTV\CJN KP XGT\KGTVGT -CTVWUEJG FKG 7OUEJTKHV DGIKPPV QDGP T <GJPHGNFKIGU 9CRRGP WPVGT (ÒTUVGPJWV QDGP KP FGT 7OUEJTKHV FKG IGVGKNVG ,CJTGU\CJN FKG KUV QDGP QHHGP \W FGP 5GKVGP FGU 9CRRGPU /ÒP\ \GKEJGP ) ( )QVVHTKGF (TQOOJQNF 9CTFGKP X 5EJT XIN 4 (CUV XQT\ÒINKEJ

3060

6CNGT )( -TQUUGP X 5EJT 6CNGT 66 -ÌPKIUDGTI X 5EJT

3062

270

6CNGT 66 -ÌPKIUDGTI X 5EJT 6CNGT +9 /KPFGP X 5EJT

4 5GJT UEJÌP

3061

9KP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌPpXQT\ÒINKEJ 5GJT UEJÌP

3063

5GJT UEJÌP 5GJT UEJÌP

3064

3065

6CNGT %8 -ÌPKIUDGTI X 5EJT XCT 6CNGT )&< /KPFGP X 5EJT

5GNVGP KP FKGUGT 'TJCNVWPI (CUV XQT\ÒINKEJ (GKPG 2CVKPC UGJT UEJÌP

4GKEJUVCNGT $GTNKP CWH FGP 5KGI DGK (GJTDGNNKP &CX X 5EJT 4 (GKP \CRQPKGTV MN 5COONGTRWP\G KO 4CPF UGJT UEJÌP

3066

0CEJFGO GKP UEJYGFKUEJGU *GGT #PHCPI WPVGT (ÒJTWPI FGT )GDTÒFGT 9TCPIGN KP FKG PÌTFNKEJGP )GDKGVG GKPIG HCNNGP YCT TGMTWVKGTVG FGT -WTHÒTUV LGFGP YCHHGPH·JKIGP /CPP WPF UVGNNVG UQ GKPG #TV .CPFUVWTO CWH #O ,WPK UVGNNVGP UKEJ FKG \CJNGPO·KI YGKV ÒDGTNGIGPGP 5EJYGFGP \WT 5EJNCEJV FKG \YKUEJGP FGP &ÌTHGTP .KPWO WPF *CEMGN DGTI UVCVVHCPF 0CEJ JGHVKIGP 4GKVGTIGHGEJVGP OWVGP UKEJ FKG 5EJYGFGP \WTÒEM\KGJGP 5KG XGTNQTGP HCUV FKG *·NHVG KJTGU *GGTGU &KG 9KTMWPI FGU 5KGIGU IKPI YGKV ÒDGT FCU /KNKV·TKUEJG JKPCWU $TCPFGPDWTI 2TGWGP JCVVG PWP GPF IÒNVKI GKPGP 2NCV\ WPVGT FGP FGWVUEJGP )TQO·EJVGP GKPIGPQOOGP (TKGFTKEJ 9KNJGNO YWTFG XQP PWP CP FGT )TQG -WTHÒTUV IGPCPPV

3067

3068

6CNGT %5 $GTNKP &CX X 5EJT

4 5GJT UEJÌP

6CNGT +# *CNDGTUVCFV &CX FQTV /ÒP\UV·VVG 4GIGPUVGKP X 5EJT C /KP 5EJTÌVNKPIUHGJNGT CO 4CPF HCUV XQT\ÒINKEJ

&KGUGP WPF FGP HQNIGPFGP 6CNGT QTFPGV X 5EJTÌVVGT KP UGKPGO 9GTM ÒDGT FKG /ÒP\GP FGU )TQGP -WTHÒTUVGP FGT /ÒP\UV·VVG 4GIGPUVGKP \W MQTTKIKGTV FCU UR·VGT CDGT KP *CNDGTUVCFV UKGJG 0WOKUOCVKUEJG <GKVUEJTKHV 9KGP $CPF 5

3069

3070

6CNGT +# *CNDGTUVCFV &CX X 5EJT XCT FQTV /ÒP\UV·VVG 4GIGPUVGKP -N 2T·IGUEJY·EJG UGJT UEJÌP

6CNGT #8* /KPFGP &CX X 5EJT

5GJT UEJÌP

271

3071

5KNDGTOGFCKNNQP XQP , *ÌJP CWH FKG 8GTVTGKDWPI FGT 5EJYGFGP CWU 1UVRTGWGP &GT UEJYGFKUEJG .ÌYG XGTUWEJV FGP DTCPFGPDWTIKUEJGP #FNGT FGT CWH GKPGO (GNUGPJQTUV UVGJV CP\WITGK HGP KO *KPVGTITWPF KP GKPGT 'DGPG JGTCP\KGJGPFG 6TWRRGP FKG XQP FGT 5QPPG DGUVTCJNV YGTFGP &GT #FNGT UVÌV CWU UGKPGO *QTUV CWH FGP .ÌYGP JGTCD KO *KPVGTITWPF DGUVTCJNV FKG WPVGTIGJGPFG 5QPPG FKG HNÒEJVGPFGP 6TWRRGP CWU FGP 9QNMGP TCIV GKP IGJCTPKUEJVGT #TO OKV GKPGO <GRVGT /KV 4CPF UEJTKHV +75675 '5 &1/+0' '6 +756# 5706 +7&+%+# 67# È OO I $TQEMOCPP 44 #VVTCMVKXGU UGJT UEJÌPGU 'ZGORNCT &GT RQNPKUEJG -ÌPKI IGFCEJVG UKEJ OKV UEJYGFKUEJGT *KNHG FGT RTGWKUEJGP .CPFG YKGFGT DGO·EJVKIGP \W MÌPPGP 'PFG FGU ,CJTGU FTCPIGP UEJYGFKUEJG 6TWRRGP ÒDGT .KVCWGP PCEJ 2TGWGP GKP &GT -WTHÒTUV GKNVG KJPGP CWH DGUEJYGTNKEJGP 9GIGP GPVIGIGP 0CEJ GVNKEJGP -·ORHGP KP FGT 0·JG XQP 6KNUKV OWVGP UKEJ FKG 5EJYGFGP \WTÒEM \KGJGP

3072

3073

6CNGT .%5 $GTNKP &CX X 5EJT XCT 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT /KP 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJp5VGORGNINCP\

6CNGT $* /KPFGP &CX X 5EJT 5GNVGP KP FKGUGT 'TJCNVWPI -N 5EJTÌVNKPIUHGJNGT CO 4CPF XQT\ÒINKEJGU 'ZGORNCT

3074

3075

-TGW\GT .%5 $GTNKP HÒT FKG 0GWOCTM /ÒP\OGKUVGT\GKEJGP WPVGT FGP #FNGTMNCWGP X 5EJT 44 2QTÌUGT 5EJTÌVNKPI HCUV 5VGORGNINCP\

-TGW\GT .%5 $GTNKP HÒT FKG 0GWOCTM 8CTKCPVG OKV XGTMGJTVGT ,CJTGU\CJN X 5EJT \W 44 (CUV UGJT UEJÌP

272

3077

3076

6CNGT .%5 $GTNKP &CX X 5EJT 5GNVGPG 8CTKCPVG -N 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

6CNGT .%5 $GTNKP &CX X 5EJT NGKEJV XCT 9KP\ <CKPGPFG GVYCU RQTÌUGT 5EJTÌVNKPI XQT\ÒINKEJ

3078

3079

6CNGT .%5 $GTNKP &CX X 5EJT 9KP\ 2T·IGUEJY·EJG UGJT UEJÌPpXQT\ÒINKEJ 6CNGT +%5 /CIFGDWTI &CX X 5EJT 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

.QV XQP &TKVVGNVCNGTP 4GKEJUVCNGT +. $GTNKP )( -TQUUGP 66 66 -ÌPKIU DGTI +9 /KPFGP Z 5VÒEM 5GJT UEJÌP

3081

3082

3083

3082

(TKGFTKEJ +++ 5KNDGTOGFCKNNG WPUKIPKGTV CWH FKG *WNFKIWPI FGT /CTM $TCPFGPDWTI &TCRKGTVGU $TWUVDKNF T 8KGT IGMTÌPVG /QPQITCOOG KPU -TGW\ IGUVGNNV OO I $TQEMOCPP /KP 5EJTÌVNKPIUHGJNGT HCUV XQT\ÒINKEJ

5KNDGTOGFCKNNG WPUKIPKGTV XGTOWVNKEJ XQP 2 * /ÒNNGT QFGT ) *CWVUEJ CWH FKG $GNCIGTWPI WPF FKG 'KPPCJOG XQP $QPP )GJCTPKUEJVGU $TWUVDKNF HCUV X X OKV $TWUVVWEJ &TGK QXCNG /GFCKNNQPTCJOGP OKV FGP (GUVWPIGP -CKUGTUYGTVJ 4JGKPDGTI WPF $QPP KO *KPVGTITWPF 9CHHGP KO #DUEJPKVV \YGK <GKNGP 5EJTKHV WPF ,CJTGU\CJN /KV 4CPFUEJTKHV c ).14# 5+6 .'121.&' 6+$+ 5+6 )4#6+# $4'001 Û OO I $TQEMOCPP 9GKNGT 8QP ITQGT 5GNVGPJGKV #VVTCMVKXG 2CVKPC HCUV XQT\ÒINKEJGU 'ZGORNCT

&KG $GNCIGTWPI XQP $QPP DGICPP #PHCPI ,WNK 0CEJFGO FKG $GYQJPGT GXCMWKGTV YQTFGP YCTGP DGUEJQUUGP FKG $GNCIGTGT FKG 5VCFV WPF \GTUVÌTVGP UKG HCUV XQNNUV·PFKI #O 1MVQDGT GTHQNIVG FKG ªDGTICDG FGT 5VCFV WPF FGT #D\WI FGT HTCP\ÌUKUEJGP $GUCV\WPI

5KNDGTOGFCKNNG XQP , $ 5EJWNV\ CWH FGP 5KGI DGK -CKUGTUYGTVJ )GJCTPKUEJVGU $TWUVDKNF T OKV WOIGNGIVGO /CPVGN #PUKEJV FGT DGUEJQUUGPGP (GUVWPI OO I $TQEMOCPP 44 -N 4CPFHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

273

3084

3085

3086

6CNGT .%5 $GTNKP &CX X 5EJT XIN 'VYCU RQTÌUGT 5EJTÌVNKPI NGKEJVG 2T·IGUEJY·EJG XQT\ÒINKEJ

6CNGT +' /CIFGDWTI &CX X 5EJT

(CUV UGJT UEJÌP

6CNGT 5& 5VCTICTF &CX X 5EJT 5GNVGP KP FKGUGT 'TJCNVWPI -N 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

3087

5KNDGTCDUEJNCI XQP FGP 5VGORGNP FGU *CNDFWMCVGP CWH FKG *WNFKIWPI KP -ÌPKIUDGTI I $TQEMOCPP 8QT\ÒINKEJ

3088

3089

6CNGT .%5 $GTNKP &CX X 5EJT 2TCEJVGZGORNCT /KP RQTÌUGT 5EJTÌVNKPI HCUV 5VGORGNINCP\

6CNGT 9* 'OOGTKEJ &CX X 5EJT 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT (CUV 5VGORGNINCP\

3090

274

3091

6CNGT 9* 'OOGTKEJ &CX X 5EJT 5GJT UEJÌP 6CNGT .%5 $GTNKP X 5EJT 5GNVGP KP FKGUGT 'TJCNVWPI 'VYCU (WPFDGNCI XQT\ÒINKEJ

3092

3093

6CNGT $* /KPFGP X 5EJT

44 5GJT UEJÌP

2HGPPKI $* /KPFGP X 5EJT 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC HCUV 5VGORGNINCP\

3095

3094

5KNDGTOGFCKNNG XQP 4 (CNV\ CWH FKG 'TJGDWPI FGT *CNNGT #MCFGOKG \WT 7PKXGTUKV·V )GJCTPKUEJ VGU $TWUVDKNF OKV WOIGNGIVGO /CPVGN T &GT VJTQPGPFG -WTHÒTUV (TKGFTKEJ +++ CNU ,WRKVGT FCTIGUVGNNV ÒDGTTGKEJV FGT XQT KJO MPKGPFGP 5VCFVIÌVVKP FCU 2CNNCFKWO CNU 5[ODQN FGT 7PKXGTUKV·V OO I $TQEMOCPP .CXGTTGP\ 5VGIWYGKV 8QP ITQGT 5GNVGPJGKV *GTTNKEJG 2CVKPC XQT\ÒINKEJ

5KNDGTOGFCKNNG XQP , $ 5EJWNV\ CWH FKG 'TJGDWPI FGT *CNNGT #MCFGOKG \WT 7PKXGTUKV·V )GJCT PKUEJVGU $TWUVDKNF T OKV WOIGNGIVGO /CPVGN 2GICUWU CWH FGO *GNKMQP OKV FGP *WHGP FKG 3WGNNG *KRRQMTGPG ÌHHPGPF OO I $TQEMOCPP .CXGTTGP\ 4 *ÒDUEJG 2CVKPC YKP\ 4CPFHGJNGT WPF -TCV\GT UGJT UEJÌP

3096

3097

5KNDGTOGFCKNNG WPUKIPKGTV CWH FKG 'TJGDWPI FGT *CNNGT #MCFGOKG \WT 7PKXGTUKV·V 8KGT IGMTÌPVG /QPQITCOOG KPU -TGW\ IGUVGNNV 2GICUWU CWH FGO *GNKMQP OKV FGP *WHGP FKG 3WGNNG *KRRQMTGPG ÌHHPGPF OO I $TQEMOCPP .CXGTTGP\ /CTKGPD *ÒDUEJG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

5KNDGTOGFCKNNG XQP %JT 9GTOWVJ CWH FKG 'TJGDWPI FGT *CNNGT #MCFGOKG \WT 7PKXGTUKV·V 'KP 2GNKMCP TKV\V UKEJ FKG $TWUV CWH WO UGKPG ,WPIGP KO 0GUV OKV UGKPGO $NWV \W GTP·JTGP 0GWP <GKNGP 5EJTKHV OO I $TQEMOCPP .CXGTTGP\ 9QJNHCJTV 4 *ÒDUEJG 2CVKPC MN 5VGORGNHGJNGT XQT\ÒINKEJ

&KG XQTNKGIGPFG /GFCKNNG KUV CWH 6GPV\GNU 8GTCPNCUUWPI GPVUVCPFGP FGT UKG FGO -WTHÒTUVGP DGK FGT 'KPYGKJWPI ÒDGTTGKEJGP YQNNVG &C FKG /GFCKNNG PKEJV TGEJV\GKVKI HGTVKI YCT MQPPVG GT UKG GTUV PCEJVT·INKEJ ÒDGTIGDGP

3098

3099

#NDGTVWUVCNGT $CPEQVCNGT .%5 $GTNKP /KV 7OUEJTKHV CWH FGT /QPQITCOOUGKVG &CX X 5EJT C 9KP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

#NDGTVWUVCNGT $CPEQVCNGT .%5 $GTNKP 1JPG 7OUEJTKHV CWH FGT /QPQITCOOUGKVG &CX X 5EJT C #PO 5GNVGPG 8CTKCPVG *ÒDUEJG 2CVKPC OKP LWUVKGTV CVVTCMVKXGU UGJT UEJÌPGU 'ZGORNCT

275

3100

3101

6CNGT *(* /CIFGDWTI &CX X 5EJT 6CNGT *(* /CIFGDWTI &CX X 5EJT

3102

5GNVGP KP FKGUGT 'TJCNVWPI 8QT\ÒINKEJ 9KP\ -TCV\GT UGJT UEJÌP

3103

3104

24'755'0 -¤0+)4'+%*

(TKGFTKEJ +++ + 5KNDGTOGFCKNNG XQP ) *CWVUEJ CWH UGKPG -TÌPWPI )GJCTPKUEJVGU $TWUVDKNF T OKV WOIGNGIVGO /CPVGN WPF 1TFGPUDCPF )GTOCPKC ÒDGTTGKEJV FGO TÌOKUEJ IGJCTPKUEJVGP -ÌPKI FGT CP GKPGO CFNGTIGUEJOÒEMVGP 5QEMGN NGJPV FKG -ÌPKIUMTQPG /KV 4CPFUEJTKHV r #))4'&'4' 1 /#)015 #&'4+6 +#/ 6'/285 *1014'5 OO I $TQEMOCPP (CUV XQT\ÒINKEJGU 'ZGORNCT OKV UEJÌPGT 2CVKPC

4GKEJUVCNGT %5 $GTNKP #WUDGWVG FGT )TWDG 4QVJGPDWTI I )GJCTPKUEJVGU $TWUVDKNF T OKV .QTDGGTMTCP\ WPF WOIGNGIVGO /CPVGN )GMTÌPVGT #FNGT HNKGIV T FGP -QRH \WTÒEMIGYCPFV WO FGP *CNU -TQPG KP FGP -NCWGP 4GKEJUCRHGN WPF 5EJYGTV WPVGP FTGK 5EJOGN\JÒVVGP KO #DUEJPKVV /ÒP\OGK UVGT\GKEJGP %5 %JTKUVQRJ 5VTKEMGT /ÒP\OGKUVGT KP $GTNKP /KV 4CPFUEJTKHV 24+0%+2+8/ Û 5'%.+ Û '6 Û 4')0+ 5145 Û 24+/# Û %1410#6 i &CX /ÒUGNGT X 5EJT 44 (GKP \CRQPKGTV YKP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

6CNGT *(* /CIFGDWTI &CX X 5EJT 4 -N *GPMGNURWT (GNFGT OKP IGIN·VVGV UGJT UEJÌPpXQT\ÒINKEJ

3105 3107

3106

)TÌUEJGT %) -ÌPKIUDGTI X 5EJT )TÌUEJGT %) -ÌPKIUDGTI X 5EJT D

5KNDGTOGFCKNNG XQP %JT 9GTOWVJ CWH FKG ,CJTHGKGT FGT 7PKXGTUKV·V (TCPMHWTV CP FGT 1FGT )GJCTPKUEJVGU $TWUVDKNF T OKV .QTDGGTMTCP\ WPF WOIGNGIVGO /CPVGN #WH \YGK )KRHGNP FGU 2CTPC UKV\GP FGT RTGWKUEJG WPF FGT DTCPFGPDWTIKUEJG #FNGT FC\YKUEJGP FKG MCUVCNKUEJG 3WGNNG WPF 2GICUWU FGT XQP GKPGO \WO CPFGTGP )KRHGN URTKPIV OO I $TQEMOCPP .CXGTTGP\ 9QJN HCJTV 4 .GKEJVG (CUUWPIUURWTGP (GNFGT IGIN·VVGV UGJT UEJÌP

276

4 5GJT UEJÌP 5GJT UEJÌP

3108

3109

3110

6CNGT %5 $GTNKP &CX X 5EJT 5GNVGP KP FKGUGT 'TJCNVWPI 9KP\ 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

6CNGT *(* /CIFGDWTI &CX X 5EJT

(TKGFTKEJ 9KNJGNO + FGT 5QNFCVGPMÌPKI 4GKEJUVCNGT QJPG /ÒP\\GKEJGP $GT NKP CWH UGKPG *WNFKIWPI KP -ÌPKIUDGTI X 5EJT 5 #PO 4 5GJT UEJÌP

3112

3111

5GJT UEJÌP

3112

6CNGT *(* /CIFGDWTI &CX X 5EJT 5GJT UGNVGP DGUQPFGTU KP FKGUGT 'TJCNVWPI /KP 5EJTÌVNKPIUHGJNGT CO 4CPF XQT\ÒINKEJ

)TÌUEJGT %) -ÌPKIUDGTI /KV 5VGORGNUEJPGKFGT\GKEJGP / )QVVHTKGF 9KNJGNO /GVGNNGU 5VGORGNUEJPGKFGT KP -ÌPKIUDGTI CO *CTPKUEJCPUCV\ KP FGT 8QTFGTUGKVGPFCTUVGNNWPI X 5EJT \W WGTUV UGNVGP -N 5EJTÌVNKPIUHGJNGT HCUV XQT\ÒINKEJ

3113

4GKEJUVCNGT *(* $GTNKP HÒT FCU *GT\QIVWO )GNFGTP I )GJCTPKUEJVGU $TWUVDKNF T OKV WOIGNGIVGO 1TFGPUDCPF CO #TOCDUEJPKVV FCU 5VGORGNUEJPGKFGT\GKEJGP . %JTKUVKCP (TKGFTKEJ .ÒFGTU 5VGORGNUEJPGKFGT KP $GTNKP )GMTÌPVGU XKGTHGNFKIGU 9CRRGP OKV IGMTÌPVGO /KVVGNUEJKNF \W FGP 5GKVGP FGT -TQPG FKG IGVGKNVG ,CJTGU\CJN \W FGP 5GKVGP FGU 9CRRGPU /ÒP\OGKUVGT\GKEJGP * Û ( Û * Û *GKPTKEJ (TKGFTKEJ *CNVGT /ÒP\OGKUVGT KP /CIFGDWTI &CX # X 5EJT 5GJT UGNVGP DGUQPFGTU KP FKGUGT 'TJCNVWPI #VVTCMVKXG 2CVKPC XQT\ÒINKEJGU 'ZGORNCT &CU /ÒP\OGKUVGT\GKEJGP FGU XQTNKGIGPFGP 4GKEJUVCNGTU N·V GKIGPVNKEJ FCTCWH UEJNKGGP FC FKGUGU 5VÒEM KP /CIFG DWTI IGRT·IV YQTFGP KUV 8QP 5EJTÌVVGT UEJTGKDV LGFQEJ FC *GKPTKEJ (TKGFTKEJ *CNVGT FKG /ÒP\GP HÒT FCU *GT\QI VWO )GNFGTP KP $GTNKP IGOÒP\V JCV

277

3115

3114

6CNGT +)0 $GTNKP &CX X 5EJT 4 -N 2T·IGUEJY·EJG 9GTV\CJN IGVKNIV UGJT UEJÌP

6CNGT +)0 $GTNKP X 5EJT

5GNVGP DGUQPFGTU KP FKGUGT 'TJCNVWPI 8QT\ÒINKEJ

3116

3117

4GKEJUVCNGT $GTNKP CWH FKG *WNFKIWPI KP 5VGVVKP 5NI *GPEMGN X 5EJT 5 #PO 5GJT UEJÌP

6CNGT +)0 $GTNKP &CX X 5EJT

4 (GKPG 2CVKPC UGJT UEJÌP

3118 3119

3119

5KNDGTOGFCKNNG XQP 2 2 9GTPGT CWH FKG #WHPCJOG FGT 5CN\DWTIGT 'OKITCPVGP )GJCTPKUEJVGU $TWUVDKNF T $QTWUUKC OKV 5EJKNF GORH·PIV GKPG 'OKITCPVGPHCOKNKG FCTÒDGT UVTCJNGPFGU )QVVGUCWIG OO I $TQEMOCPP 4QNN (GKPG 2CVKPC (GNFGT CNVIGIN·VVGV HCUV XQT\ÒINKEJ

&GT 'T\DKUEJQH XQP 5CN\DWTI .GQRQNF #PVQP 'NGWVJGTKWU )TCH (KTOKCP \YCPI EC UGKPGT RTQVGUVCPVK UEJGP 7PVGTVCPGP \WT 'OKITCVKQP 7PIGH·JT XQP KJPGP UKGFGNVGP UKEJ DGK .CWGPDWTI CP FGT 4GUV YWTFG KP 2TGW GP IGTP CWHIGPQOOGP

(TKGFTKEJ ++ FGT )TQG 4GKEJUVCNGT RTGW # $GTNKP &CX 1NF D X 5EJT ªDGTFWTEJUEJPKVVNKEJ GTJCNVGP (GKP \CRQPKGTV UGJT UEJÌPpXQT\ÒINKEJ

3120

3121

4GKEJUVCNGT RTGW # $GTNKP 1NF C X 5EJT 5GNVGP KP FKGUGT 'TJCNVWPI 8QT\ÒINKEJ

4GKEJUVCNGT RTGW # $GTNKP 1NF E X 5EJT 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT ,WUVKGTURWTGP HCUV 5VGORGNINCP\

278

3122

3123

)WVG )TQUEJGP # $GTNKP 1NF X 5EJT )WVG )TQUEJGP # $GTNKP 1NF X 5EJT

3125

3124

8QT\ÒINKEJ ,WUVKGTV UGJT UEJÌPpXQT\ÒINKEJ

)WVG )TQUEJGP # $GTNKP 1NF X 5EJT 4GKEJUVCNGT RTGW # $GTNKP 1NF C X 5EJT

5GJT UEJÌPpXQT\ÒINKEJ 8QP ITQGT 5GNVGPJGKV 8QT\ÒINKEJ

3127

3126

4GKEJUVCNGT RTGW $ $TGUNCW &CX 1NF D X 5EJT ªDGTFWTEJUEJPKVVNKEJ GTJCNVGP (GKP \CRQPKGTV YKP\ 4CPFHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

4GKEJUVCNGT RTGW $ $TGUNCW 1NF X 5EJT ªDGTFWTEJUEJPKVVNKEJ GTJCNVGPGU 'ZGORNCT 5GJT UEJÌPpXQT\ÒINKEJ

3128 3129

3129

6CNGT ' -ÌPKIUDGTI 1NF E X 5EJT D

8QP ITQGT 5GNVGPJGKV 5GJT UEJÌP

4GKEJUVCNGT RTGW # $GTNKP &CX 1NF F X 5EJT (GKP \CRQPKGTV OKP 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

3130

3131

4GKEJUVCNGT RTGW # $GTNKP &CX 1NF F X 5EJT 2TCEJVGZGORNCT 8QT\ÒINKEJp5VGORGNINCP\

4GKEJUVCNGT RTGW # $GTNKP &CX 1NF F X 5EJT .GKEJV LWUVKGTV YKP\ 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJp5VGORGNINCP\

279

3133

3132

4GKEJUVCNGT RTGW # $GTNKP &CX 1NF F X 5EJT

(CUV XQT\ÒINKEJ

4GKEJUVCNGT RTGW # $GTNKP &CX 1NF X 5EJT 2TCEJVGZGORNCT (CUV 5VGORGNINCP\

3136

3134

4GKEJUVCNGT RTGW # $GTNKP &CX 1NF X 5EJT

.QV 4GKEJUVCNGT RTGW # $GTNKP Z 5QIGPCPPVGT 5VGTDGVCNGT &CX # Z 1NF Z X 5EJT Z &C\W 4GKEJUVCNGT RTGW # $GTNKP 1NF X 5EJT 5VÒEM 5EJÌPpUGJT UEJÌP Z WPF UGJT UEJÌP

4GKEJUVCNGT RTGW # $GTNKP 5QIGPCPPVGT 5VGTDGVCNGT &CX # 1NF #PO X 5EJT 5GNVGP KP FKGUGT 'TJCNVWPI (GKP \CRQPKGTV XQT\ÒINKEJ

8QT\ÒINKEJ

3138

3137

4GKEJUVCNGT RTGW # $GTNKP 1NF C X 5EJT

(CUV UGJT UEJÌP

4GKEJUVCNGT RTGW # $GTNKP 1NF X 5EJT 5GNVGP KP FKGUGT 'TJCNVWPI 9KP\ 5EJTÌVNKPIUHGJNGT HCUV 5VGORGNINCP\

3139

3140

3141

4GKEJUVCNGT RTGW # $GTNKP 1NF X 5EJT

/KP 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

4GKEJUVCNGT RTGW # $GTNKP 1NF X 5EJT 5GNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT (CUV 5VGORGNINCP\

4GKEJUVCNGT RTGW # $GTNKP 1NF X 5EJT 5GNVGP KP FKGUGT 'TJCNVWPI 9KP\ 5EJTÌVNKPIUHGJNGT HCUV 5VGORGNINCP\

280

3143

3142

4GKEJUVCNGT RTGW # $GTNKP 1NF X 5EJT 5GNVGP KP FKGUGT 'TJCNVWPI 8QT\ÒINKEJp5VGORGNINCP\

4GKEJUVCNGT RTGW # $GTNKP 1NF C X 5EJT 5GJT UGNVGP KP FKGUGT 'TJCNVWPI (CUV 5VGORGNINCP\

3145

3144

3147

3146

4GKEJUVCNGT RTGW # $GTNKP 1NF D X 5EJT 5GNVGP KP FKGUGT 'TJCNVWPI 8QT\ÒINKEJp5VGORGNINCP\

4GKEJUVCNGT RTGW # $GTNKP 1NF D X 5EJT 5GNVGP KP FKGUGT 'TJCNVWPI /KP 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJp5VGORGNINCP\

4GKEJUVCNGT RTGW # $GTNKP 1NF X 5EJT

/KP 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

4GKEJUVCNGT RTGW # $GTNKP 1NF X 5EJT 5GNVGP KP FKGUGT 'TJCNVWPI (GKPG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

3148

3149

4GKEJUVCNGT RTGW $ $TGUNCW &CX 1NF D X 5EJT (GKP \CRQPKGTV OKP LWUVKGTV YKP\ -TCV\GT XQT\ÒINKEJ

4GKEJUVCNGT RTGW $ $TGUNCW 1NF X 5EJT 5GNVGP KP FKGUGT 'TJCNVWPI 8QT\ÒINKEJ

3150

3151

.QV 4GKEJUVCNGT RTGW $ $TGUNCW 1NF Z X 5EJT 5VÒEM -QORNGVVG ,CJTICPIUGTKG FKGUGU 6[RU 8QT\ÒINKEJ

4GKEJUVCNGT RTGW $ $TGUNCW 1NF X 5EJT 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT (CUV 5VGORGNINCP\

281

3153

3152

4GKEJUVCNGT RTGW $ $TGUNCW 1NF X 5EJT 5GNVGP KP FKGUGT 'TJCNVWPI /KP LWUVKGTV XQT\ÒINKEJp5VGORGNINCP\

4GKEJUVCNGT RTGW $ $TGUNCW 1NF X 5EJT 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT .GKEJV LWUVKGTV HCUV 5VGORGNINCP\

3155

3154

3156

3157

4GKEJUVCNGT RTGW $ $TGUNCW 1NF D X 5EJT

8QT\ÒINKEJ

4GKEJUVCNGT RTGW $ $TGUNCW 1NF X 5EJT 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 9KP\ 5EJTÌVNKPIUHGJNGT HCUV 5VGORGNINCP\

4GKEJUVCNGT RTGW $ $TGUNCW 1NF X 5EJT 5GJT UGNVGP KP FKGUGT 'TJCNVWPI /KP 5EJTÌVNKPIUHGJNGT HCUV 5VGORGNINCP\

4GKEJUVCNGT RTGW $ $TGUNCW 1NF X 5EJT 5GJT UGNVGP KP FKGUGT 'TJCNVWPI (GKPG 2CVKPC HCUV 5VGORGNINCP\

3158

3159

4GKEJUVCNGT RTGW % %NGXG &CX 1NF X 5EJT 5GJT UGNVGP KP FKGUGT 'TJCNVWPI /KP RQTÌUGT 5EJTÌVNKPI XQT\ÒINKEJp5VGORGNINCP\

4GKEJUVCNGT RTGW 5VÒDGT % %NGXG &CX 1NF X 5EJT 5GNVGP KP FKGUGT 'TJCNVWPI 5GJT UEJÌP

3160

3161

4GKEJUVCNGT RTGW % %NGXG 1NF X 5EJT 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 9KP\ <CKPGPFG XQT\ÒINKEJ

4GKEJUVCNGT RTGW % %NGXG 1NF X 5EJT

282

5GNVGPGT ,CJTICPI 5GJT UEJÌP

3162

3163

3164

3165

6CNGT % %NGXG 1NF X 5EJT 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT (GKPG 2CVKPC HCUV 5VGORGNINCP\

6CNGT % %NGXG 1NF X 5EJT 4GKEJUVCNGT RTGW & #WTKEJ 1NF X 5EJT

5GJT UEJÌP 44 -N 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

4GKEJUVCNGT RTGW ' -ÌPKIUDGTI 1NF X 5EJT 5GJT UGNVGP KP FKGUGT 'TJCNVWPI (GKPG 2CVKPC XQT\ÒINKEJ

3166

3168

3168 3167

4GKEJUVCNGT RTGW ' -ÌPKIUDGTI 1NF X 5EJT ªDGTFWTEJUEJPKVVNKEJ GTJCNVGP (CUV XQT\ÒINKEJ

4GKEJUVCNGT RTGW ' -ÌPKIUDGTI 1NF X 5EJT 5GJT UGNVGP KP FKGUGT 'TJCNVWPI (GKPG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

4GKEJUVCNGT RTGW ( /CIFGDWTI &CX 1NF X 5EJT ªDGTFWTEJUEJPKVVNKEJ GTJCNVGPGU 'ZGORNCT 5GJT UEJÌPpXQT\ÒINKEJ

3170

3169

3170

4GKEJUVCNGT RTGW ( /CIFGDWTI I -QRH T OKV .QTDGGTMTCP\ )GMTÌPVGT #FNGT CWH #OCVWTGP &CX 1NF X 5EJT WGTUV UGNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT /KP 5EJTÌVNKPIUHGJNGT HCUV 5VGORGNINCP\

4GKEJUVCNGT RTGW ( /CIFGDWTI 1NF X 5EJT 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 9KP\ 5EJTÌVNKPIUHGJNGT HCUV 5VGORGNINCP\

283

3171

3172

3173

3174

3175

4GKEJUVCNGT RTGW ( /CIFGDWTI 1NF X 5EJT 9KP <CKPGPFG OKP 5EJTÌVNKPIUHGJNGT HCUV XQT\ÒINKEJ

4GKEJUVCNGT RTGW ( /CIFGDWTI 1NF X 5EJT

9KP\ <CKPGPFG XQT\ÒINKEJ

-TGW\GT $ $TGUNCW 5EJNGUKUEJGT 6[R 1NF C X 5EJT (GKPG 2CVKPC YKP\ 2T·IGUEJY·EJG XQT\ÒINKEJ

)WVG )TQUEJGP # $GTNKP 1NF C X 5EJT 4 (GKPG 2CVKPC YKP\ 2T·IGUEJY·EJG XQT\ÒINKEJ

/CTKGPITQUEJGP /ÒP\\GKEJGP 5VGTP &TGUFGP 1NF C X 5EJT 5GNVGP KP FKGUGT 'TJCNVWPI 9KP\ 5EJTÌVNKPIUHGJNGT CO 4CPF XQT\ÒINKEJ

3176

.GXCPVGVCNGT $GTNKP *CPFGNUOÒP\G I )GJCTPKUEJVGU $TWUVDKNF T OKV .QTDGGTMTCP\ WPF WOIGNGIVGO /CPVGN )GMTÌPVGT #FNGT OKV 5EJYGTV WPF <GRVGT KP FGP (·PIGP CWH FGT $TWUV IGMTÌPVGU 9CRRGP /KV 4CPFUEJTKHV 577/ %7+37' OKV 8GT\KGTWPIGP WPF 2WPMVGP &CX 1NF X 5EJT 4 (GKP \CRQPKGTV YKP\ 4CPFHGJNGT HCUV XQT\ÒINKEJ #NU /ÒP\UV·VVG FGU XQTNKGIGPFGP 5VÒEMGU MQOOV CWEJ /CIFGDWTI KP (TCIG

3177

284

-TKGIURT·IWPIGP KP 5CEJUGP 4GKEJUVCNGT RTGW +&$ &TGUFGP #WUDGWVG FGT U·EJUKUEJGP )TW DGP &CX /ÒUGNGT E 1NF C X 5EJT D 4 2TCEJVGZGORNCT (GKP \CRQPKGTV OKP LWUVKGTV HCUV 5VGORGNINCP\

3178

3179

/GFCKNNGP 5KNDGTOGFCKNNG WPUKIPKGTV XQP ) 9 -KVVGN CWH FKG 5EJNCEJV DGK 5QTT *CPF CWU 9QNMGP NGIV XKGT .QTDGGTMT·P\G WO GKP GORQTIGJCNVGPGU 5EJYGTV WPVGP HNKGJGPFG 5QNFCVGP <GJP <GKNGP 5EJTKHV KP XGT\KGTVGT 'KPHCUUWPI OO I 1NF C 8QT\ÒINKEJ

5KNDGTOGFCKNNG XQP 0 )GQTIK CWH FGP 5KGI DGK .KUUC .GWVJGP CO &G\GODGT )GJCTPKUEJVGU $TWUVDKNF T OKV WOIGNGIVGO *GTOGNKP WPF OKV 1TFGPUMTGW\ /KPGTXC UKV\V N WPF FGWVGV OKV FGT 4GEJVGP CWH GKPG 2[TCOKFG FGTGP 5RKV\G FWTEJ GKPGP $NKV\ CDIGVTGPPV YKTF OO I ( W 5 1NF 44 *GTTNKEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

3180

3179

3181

3182

5KNDGTOGFCKNNG XQP , . 1GZNGKP CWH FGP (TKGFGP XQP 6GUEJGP (COC OKV 2QUCWPG UEJYGDV T ÒDGT 5VCFVCPUKEJV XQP 6GUEJGP (NQTC UVGJV T KP ÒRRKIGT .CPFUEJCHV WPF UEJOÒEMV UKEJ OKV $NWOGPIG YKPFGP QDGP T UEJYGDV 2CZ OKV (ÒNNJQTP WPF ¤N\YGKI OO I ( W 5 /CTKGPD 2CZ KP 0WOOKU *ÒDUEJG 2CVKPC YKP\ 4CPFHGJNGT YKP\ -TCV\GT XQT\ÒINKEJ

(TKGFTKEJ 9KNJGNO ++ 5KNDGTOGFCKNNG XQP # -ÌPKI CWH FKG *WNFKIWPI FGT UEJNGUK UEJGP 5V·PFG KP $TGUNCW $TWUVDKNF N 5KNGUKC MPKGV XQT DTGPPGPFGO #NVCT OO I ( W 5 /CTKGPD 4 5EJÌPG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

5KNDGTOGFCKNNG XQP & .QQU CWH FKG *WNFKIWPI 5EJNGUKGPU KP $TGUNCW )GJCTPKUEJVGU $TWUVDKNF N 5EJTKHV KP -TCP\ OO I ( W 5 5QOOGT # 9KP\ 4CPFHGJNGT UGJT UEJÌP

285

3183

3184

4GKEJUVCNGT RTGW # $GTNKP &CX , 4GKEJUVCNGT RTGW # $GTNKP &CX ,

/KP LWUVKGTV UGJT UEJÌP *ÒDUEJG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

3186

3185

4GKEJUVCNGT RTGW # $GTNKP &CX , 2TCEJVGZGORNCT (GKPG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

5KNDGTOGFCKNNG XQP # #DTCOUQP CWH FKG *WNFKIWPI #PUDCEJ $C[TGWVJU PCEJ FGT 8GTGKPKIWPI XQP $TCPFGPDWTI (TCPMGP OKV 2TGWGP )GJCTPKUEJVGU $TWUVDKNF T OKV 7OJCPI )GPKWU OKV GTJQDGPGT 4GEJVGP WPF (ÒNNJQTP UVGJV CP #NVCT FCXQT FGT RTGWKUEJG #FNGT OO I /CTKGPD 5NI *GPEMGN *QHHOCPP 5NI 9KNO 8QT\ÒINKEJ

3187

4GKEJUVCNGT RTGW $ $TGUNCW &CX , -QPX 6CNGT 5 5EJYCDCEJ HÒT #PUDCEJ $C[TGWVJ , C

3189

3188

(GKPG 2CVKPC XQT\ÒINKEJ (CUV XQT\ÒINKEJ

3190

-QPX 6CNGT $GTNKP *CPFGNUOÒP\G &CX , 5GNVGP KP FKGUGT 'TJCNVWPI 5GJT CVVTCMVKXGU 'ZGORNCT OKV JGTTNKEJGT 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

-QPX 6CNGT $GTNKP *CPFGNUOÒP\G &CX ,

286

5GJT UEJÌP

3191

3194

3192

4GKEJUVCNGT RTGW # $GTNKP &CX , *GTTNKEJG 2CVKPC N LWUVKGTV XQT\ÒINKEJp5VGORGNINCP\

#NDGTVWUVCNGT $CPEQVCNGT $GTNKP *CPFGNUOÒP\G &CX , 4 0WT 'ZGORNCTG IGRT·IV (GKP \CRQPKGTV MN 4CPFHGJNGT UGJT UEJÌP

.QV 4GKEJUVCNGT RTGW # # &CX Z , Z &C\W (TKGFTKEJ ++ FGT )TQG 4GKEJUVCNGT RTGW # &CX 1NF X 5EJT 5VÒEM (CUV UGJT UEJÌP

(TKGFTKEJ 9KNJGNO +++ 6CNGT # &CX , 2TCEJVGZGORNCT (CUV 5VGORGNINCP\

3195

3196

6CNGT # ,

2TCEJVGZGORNCT (CUV 5VGORGNINCP\

6CNGT # #-5 &CX -CJPV 6JWP 9KP\ 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJp5VGORGNINCP\

3197

3198

6CNGT # #-5 &CX -CJPV 6JWP 9KP\ 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ 6CNGT $ #-5 &CX -CJPV 6JWP $ 5GNVGP KP FKGUGT 'TJCNVWPI (CUV XQT\ÒINKEJ

287

3199

3200

3201

6CNGT # #-5 &CX -CJPV 6JWP $GUUGTGT ,CJTICPI 8QT\ÒINKEJp5VGORGNINCP\

6CNGT # #-5 &CX -CJPV 6JWP

5GJT UGNVGPGT ,CJTICPI 8QT\ÒINKEJ

6CNGT # -COOGTJGTTGPVCNGT #-5 &CX -CJPV 6JWP 5GNVGP DGUQPFGTU KP FKGUGT 'TJCNVWPI /KP 5EJTÌVNKPIUHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

&KG 8QTFGTUGKVGPWOUEJTKHV OKV FGT #DMÒT\WPI - 8 24'755 UQNN FGP -ÌPKI \W FGT $GOGTMWPI XGTCPNCV JCDGP +EJ DKP FQEJ PKEJV FGT -COOGTJGTT XQP 2TGWUU &CJGT YKTF FKGUGT 6[R -COOGTJGTTGPVCNGT IGPCPPV 5KGJG CWEJ 0T

3202

3204

3203

6CNGT # #-5 ,

2TCEJVGZGORNCT (GKPG 2CVKPC OKP LWUVKGTV 5VGORGNINCP\

6CNGT # -COOGTJGTTGPVCNGT #-5 &CX -CJPV 6JWP 5GJT UGNVGPGT ,CJTICPI (CUV UGJT UEJÌP

)TQUEJGP 6CNGT # #-5 ,

8QT\ÒINKEJ

3205

3206

6CNGT # #-5 &CX -CJPV 6JWP

5CWDGT IGRT·IVGU 'ZGORNCT XQT\ÒINKEJ

6CNGT & #-5 &CX -CJPV 6JWP & 9KP\ 5EJTÌVNKPIUHGJNGT CO 4CPF XQT\ÒINKEJ

288

3208

3207

8GTGKPUFQRRGNVCNGT # #-5 &CX -CJPV 6JWP 5GJT UEJÌP 6CNGT # #-5 , D *ÒDUEJG 2CVKPC HCUV 5VGORGNINCP\

3210

3207

3209

3211

/GFCKNNGP 5KNDGTOGFCKNNG XQP ( 9 .QQU CWH UGKPG *WNFKIWPI KP $GTNKP $TWUVDKNF N KP 7PK HQTO OKV 1TFGPUUVGTP &GT RTGWKUEJG #FNGT J·NV GKPGP 'KEJGPMTCP\ ÒDGT GKPGP 5VGKPDNQEM FGT OKV (CJPG 5EJYGTV $KDGN $KGPGPMQTD WPF <YGKIGP DGNGIV KUV OO I /CTKGPD 5QO OGT # 5GJT UEJÌPpXQT\ÒINKEJ

5KNDGTOGFCKNNG XQP & WPF ( .QQU 'JTGPOGFCKNNG FGT $CNNGK $TCPFGPDWTI FGU 4KVVGTNKEJGP 1T FGPU 5V ,QJCPPKU XQO 5RKVCN \W ,GTWUCNGO CWH FGP 6QF KJTGU 5GPKQTU WPF -QOOGPFCVQTU %CTN 9KNJGNO )TCH (KPEM XQP (KPEMGPUVGKP $TWUVDKNF FGU )TCHGP N <GKNGP 5EJTKHV XQP 2CNO\YGKI WPVGTDTQEJGP OO I 5QOOGT # 4 (GNFGT ÒDGTCTDGKVGV UGJT UEJÌPpXQT\ÒINKEJ

%CTN 9KNJGNO )TCH (KPEM XQP (KPEMGPUVGKP

Ó YCT RTGWKUEJGT 5VCCVUOKPKUVGT WPF YKEJVKIGT 8GTVTCWVGT WPF $GTCVGT XQP (TKGFTKEJ FGO )TQGP #NU RTGWKUEJGT )GUCPFVGT YCT GT KP 5V 2GVGTUDWTI V·VKI

5KNDGTOGFCKNNG XQP ( 9 .QQU CWH FCU L·JTKIG $GUVGJGP FGU -ÌPKITGKEJU &KG $TWUVDKNFGT FGT GTUVGP HÒPH RTGWKUEJGP -ÌPKIG PGDGPGKPCPFGT N &GT 5QPPGPIQVV KP 3WCFTKIC WOIGDGP XQP FGP *QTGP HQNIV #WTQTC WPF FGO /QTIGPUVGTP T WPVGP UKV\V FCU IGTÒUVGVG 2TGWGP OKV (ÒNNJQTP WPF 9CR RGPUEJKNF OO I /CTKGPD 5QOOGT # 2TCEJVGZGORNCT 5EJÌPG 6ÌPWPI XQT\ÒINKEJp5VGORGNINCP\

289

3212

3213

3214

$TQP\GOGFCKNNG XQP & ( WPF ( 9 .QQU CWH FKG $CNNQPHCJTV FGU 'JGRCCTGU )CTPGTKP KP $GTNKP &KG $TWUVDKNFGT FGU 2CCTGU PGDGPGKPCPFGT N 5EJYGDGPFGT *GTOGU ITKGEJKUEJGT )QVV FGU *CPFGNU OKV IGHNÒIGNVGO 5VCD YGKUV FGO )CUDCNNQP FGT )CTPGTKP U FGP 9GI OO -CKUGT 5QOOGT # 8QP ITQGT 5GNVGPJGKV 8QT\ÒINKEJ

5KNDGTOGFCKNNG Q , 2T·OKG HÒT /GPUEJGPTGVVWPI CWU .GDGPUIGHCJT XQP & ( .QQU $TWUVDKNF N 'KP *CWU YKTF XQP 5VWTO )GYKVVGT WPF 9CUUGT DGFTQJV GKP CWU 9QNMGP MQOOGPFGT #TO FT·PIV FKG 'NGOGPVG OKV GKPGO 5EJKNF \WTÒEM OO I $QN\GPVJCN 5QOOGT 8 5NI *GPEMGN 5NI $TGVVCWGT 44 *ÒDUEJG 2CVKPC MN 4CPFHGJNGT GVYCU DGTKGDGP UGJT UEJÌPpXQT\ÒINKEJ

3215

5KNDGTOGFCKNNG XQP # #DTCOUQP CWH FGP 6QF UGKPGT )GOCJNKP -ÌPKIKP .WKUG $TWUVDKNF FGT -ÌPK IKP T 'KP KP FKG *ÌJG UVGKIGPFGT 5VGTP YKTHV UGKPG 5VTCJNGP CWH GKPG MNGKPG )TCDR[TCOKFG OO I $QN\GPVJCN 8U 4U *QHHOCPP 5NI *GPEMGN 44 -N 5VGORGNHGJNGT MN -TCV\GT UGJT UEJÌP -ÌPKIKP .WKUG #WIWUVG 9KNJGNOKPG #OCNKG YWTFG CO /·T\ CNU 6QEJVGT FGU *GT\QIU -CTN ++ XQP /GEMNGP DWTI 5VTGNKV\ KP *CPPQXGT IGDQTGP &KG *QEJ\GKV OKV FGO -TQPRTKP\GP (TKGFTKEJ 9KNJGNO HCPF PQEJ XQT KJTGO )GDWTVUVCI UVCVV &KG UGJT DGNKGDVG -ÌPKIKP UVCTD CO ,WNK KO #NVGT XQP ,CJTGP CWH GKPGT 4GKUG FKG UKG CPIGVTGVGP JCVVG WO KJTGP 8CVGT \W DGUWEJGP

290

3218

3216

3219

$TQP\GOGFCKNNG XQP ) )ÌV\G CWH FCU L·JTKIG &KGPUVLWDKN·WO FGU MÌPKINKEJ RTGWUUKUEJGP *QH OGFCKNNGWTU &CPKGN (TKGFTKEJ .QQU $TWUVDKNF FGU /GFCKNNGWTU T 5KGDGP <GKNGP 5EJTKHV KP 'KEJGPMTCP\ OO 5QOOGT # 8QT\ÒINKEJ

5KNDGTOGFCKNNG XQP & ( .QQU CWH FKG ,CJTHGKGT FGT 4GHQTOCVKQP $TWUVDKNF /CTVKP .WVJGTU T $TWUVDKNFGT <YKPINKU WPF /GNCPEJVJQPU GKPCPFGT IGIGPÒDGT OO I &C\W 5KNDGTOG FCKNNG CWH FKG ,CJTHGKGT FGT 4GHQTOCVKQP $TWUVDKNF /CTVKP .WVJGTU T #WH GKPGO 5VGKPSWC FGT NKGIGP GKP -TGW\ WPF GKPG CWHIGUEJNCIGPG $KDGN OO I 5QOOGT # # 5NI 9JKVKPI 5VÒEM 9KP\ 4CPFHGJNGT Z XQT\ÒINKEJ

5KNDGTOGFCKNNG UKGJG 0T

5KNDGTOGFCKNNG Q , WO XQP % 2HGWHHGT 2TGWKUEJG 4GVVWPIUOGFCKNNG -QRH N (ª4 4'6670) #75 )'(#*4 KP 'KEJGPMTCP\ OO I $QN\GPVJCN /CTKGPD 5QOOGT 2 5GJT CVVTCMVKXGU 'ZGORNCT OKV JÒDUEJGT 2CVKPC XQT\ÒINKEJ

5KNDGTOGFCKNNG XQP . *GNF CWH FKG 6TWRRGPUEJCW DGK -CNKUEJ &KG $ÒUVGP XQP (TKGFTKEJ 9KNJGNO +++ WPF XQP 0KMQNCWU + <CT XQP 4WNCPF PGDGPGKPCPFGT N 2TGWKUEJGT WPF TWUUKUEJGT 5QNFCV UVGJGP UKEJ KO <GNVNCIGT IGIGPÒDGT OO I /CTKGPD 8QT\ÒINKEJ

3220

5KNDGTOGFCKNNG XQP * .QTGP\ CWH FKG #WHPCJOG UGKPGU 5QJPGU 2TKP\ (TKGFTKEJ 9KNJGNO .WFYKI

UR·VGT 9KNJGNO + KP FGP (TGKOCWTGTQTFGP -QRH FGU 2TKP\GP N 'KEJGPUVCOO CWH FGO GKP -KUUGP OKV #VVTKDWVGP NKGIV XQT FGO 5VCOO NGJPGP FKG 5EJKNFG FGT FTGK ITQGP .QIGP QDGP UEJYGDV FGT IGMTÌP VG #FNGT OKV 2CNO\YGKI OO I *<% 4 *ÒDUEJG 2CVKPC YKP\ -TCV\GT XQT\ÒINKEJ

-WT\ XQT UGKPGO 6QFG GTVGKNVG (TKGFTKEJ 9KNJGNO +++ UGKPGO \YGKVGP 5QJP 2TKP\ (TKGFTKEJ 9KNJGNO .WFYKI FKG 'TNCWDPKU \WO 'KPVTKVV KP FGP (TGKOCWTGTQTFGP WPVGT FGT $GFKPIWPI FC FGT 2TKP\ PKEJV GKPGT .QIG DGUQPFGTU UQPFGTP CNNGP .QIGP CNU FGTGP 2TQVGMVQT CPIGJÌTGP UQNNG &KG #WHPCJOG HCPF CO /CK KO 1TFGPUJCWUG FGT )TQGP .CPFGUNQIG FGT (TGKOCWTGT XQP &GWVUEJNCPF UVCVV WPF YWTFG XQP FGO FCOCNKIGP .CPFGUITQOGKUVGT $T )TCH *GPEMGN XQP &QPPGTUOCTEM XQNN\QIGP FGT FGO 2TKP\GP FKG FTGK GTUVGP )TCFG GTVGKNVG

291

3222 3221

(TKGFTKEJ 9KNJGNO +8 6CNGT # #WUDGWVG #-5 &CX -CJPV 6JWP 5GJT UEJÌP

6CNGT # #-5 ,

3223

2TCEJVGZGORNCT (GKPG 2CVKPC HCUV 5VGORGNINCP\

3224

3225

8GTGKPUFQRRGNVCNGT # #-5 &CX -CJPV 6JWP (GKPG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

8GTGKPUFQRRGNVCNGT # #-5 &CX -CJPV 6JWP 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC HCUV 5VGORGNINCP\

8GTGKPUFQRRGNVCNGT # #-5 &CX -CJPV 6JWP

8QT\ÒINKEJ

3227

3226

3228

3226

8GTGKPUFQRRGNVCNGT # #-5 &CX -CJPV 6JWP 5GJT UGNVGPGT ,CJTICPI KP ÒDGTFWTEJUEJPKVVNKEJGT 3WCNKV·V 5GJT UEJÌPpXQT\ÒINKEJ XQT\ÒINKEJ

-W 2HGPPKI # )GRT·IV OKV FGO 4ÒEMUGKVGPUVGORGN HÒT FCU (ÒTUVGPVWO 4GWUU #-5 #PO , 44 5GJT UEJÌP

)WNFGP # HÒT *QJGP\QNNGTP #-5 ,

292

8QT\ÒINKEJ

3230

3229

)WNFGP # HÃ&#x2019;T *QJGP\QNNGTP #-5 ,

8QT\Ã&#x2019;INKEJ

6CNGT # #-5 &CX -CJPV 6JWP 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC HCUV 5VGORGNINCP\

3232 3231

3231

8GTGKPUFQRRGNVCNGT # #-5 &CX -CJPV 6JWP 2TCEJVGZGORNCT (CUV 5VGORGNINCP\

6CNGT # #-5 , 6CNGT # #-5 ,

3234

4 (CUV 5VGORGNINCP\ 4 8QT\Ã&#x2019;INKEJ

3236

3235

3238

&QRRGNVGT 8GTGKPUVCNGT # #-5 &CX -CJPV 6JWP 2TCEJVGZGORNCT (CUV 5VGORGNINCP\ 5VGORGNINCP\

&QRRGNVGT 8GTGKPUVCNGT # #-5 &CX -CJPV 6JWP 2TCEJVGZGORNCT (CUV 5VGORGNINCP\

8GTGKPUVCNGT # #-5 &CX -CJPV 6JWP 8GTGKPUVCNGT # #-5 &CX -CJPV 6JWP 6CNGT # #-5 ,

(CUV 5VGORGNINCP\ 8QT\Ã&#x2019;INKEJp5VGORGNINCP\ 4 (GKPG 2CVKPC XQT\Ã&#x2019;INKEJ

293

3239

/GFCKNNGP 5KNDGTIWOGFCKNNG XQP % 2HGWHHGT CWH FCU L·JTKIG 5VKHVWPIUHGUV FGT .QIG \W FGP FTGK 9GNVMWIGNP $TWUVDKNF (TKGFTKEJU ++ FGU )TQGP JCNDN KP 7PKHQTO WPF OKV *WV #P GKPGT 5VCPIG FKG XQP GKPGT 5EJNCPIG WOYWPFGP KUV J·PIV GKP 8QTJCPI CWH FGO FGT RTGWKUEJG #FNGT ÒDGT FTGK 9GNV MWIGNP \W UGJGP KUV OO I *<% 4 5GJT UEJÌPpXQT\ÒINKEJ

&KG .QIG #WZ VTQKU )NQDGU YWTFG CO 5GRVGODGT XQP FGP MIN 4·VGP $KGNHGNF WPF ,QTFCP IGITÒPFGV 5KG PCJO FKG /KVINKGFGT FGT .QIG &7 41+ PQVTG )TCPF /CÄVTG FGT CWEJ (TKGFTKEJ ++ CPIGJÌTVG WPF FKG \W $GIKPP FGU 'TUVGP 5EJNGUKUEJGP -TKGIGU GTNQUEJGP YCT CWH &KG &TGK -WIGN .QIG YKG UKG KO 8QNMUOWPF JKG YCT UGJT RQRWN·T 5KG UVCPF CWEJ $ÒTIGTNKEJGP QHHGP +P YGPKIGP ,CJTGP YWTFGP OGJTGTG 6QEJVGTNQIGP IGITÒPFGV #D PGPPV UKG UKEJ )TQG -ÌPKINKEJG /WVVGTNQIG \W FGP FTGK 9GNVMWIGNP WPF UR·VGT )TQG 0CVKQPCN /WVVGTNQIG \W FGP FTGK 9GNVMWIGNP 5KG KUV FKG ·NVGUVG RTGWKUEJG )TQNQIG WPF GZKUVKGTV CWEJ JGWVG PQEJ KP $GTNKP

3240

3241

3242

$TQP\GOGFCKNNG XQP * .QTGP\ CWH FCU L·JTKIG (TGKOCWTGTLWDKN·WO FGU )TCHGP *GPEMGN XQP &QPPGTUOCTEM $ÒUVG FGU )TCHGP N (WDQFGP OKV 6GRRKEJ CWH FGO GKP -WDWU UVGJV FGT OKV $WEJ 5EJYGTV WPF GKP 2CNO\YGKI DGNGIV KUV \W FGP 5GKVGP LG GKPG 5·WNG FKG GKPG *KOOGNU D\Y 'TFMWIGN VTCIGP WOJGT NKGIGP 1TFGPUDGMNGKFWPIGP CO $QFGP KO *KPVGTITWPF CWHIGJGPFG 5QPPG FGTGP 5EJGKDG XQP FTGK 4QUGP DGFGEMV KUV OO *<% 4 9KP\ 4CPFHGJNGT XQT\ÒINKEJ

<KPPOGFCKNNG XQP * ( $TCPFV WPF % 2HGWHHGT CWH FCU L·JTKIG &KGPUVLWDKN·WO FGU )GPGTCN OÒP\FKTGMVQTU %JTKUVKCP (TKGFTKEJ )QGFGMKPI -QRH )QGFGMKPIU T 0GWP <GKNGP 5EJTKHV KP -TCP\ OO /CTKGPD FQTV KP 5KNDGT 5QOOGT 2 44 -N 4CPFHGJNGT XQT\ÒINKEJ

%JTKUVKCP ( )QGFGMKPI

Ó YCT UGKV RTGWKUEJGT /ÒP\DGCOVGT KP $GTNKP 5EJYCDCEJ $TGUNCW &ÒUUGNFQTH WPF YKGFGT KP $GTNKP 5GKV DGMNGKFGVG GT FCU #OV FGU )GPGTCNOÒP\FKTGMVQTU

294

5KNDGTOGFCKNNG XQP * .QTGP\ WPF ' 5EJKNNKPI CWH FKG ,CJTHGKGT FGT 7PKXGTUKV·V -ÌPKIUDGTI &GT RTGWKUEJG #FNGT OKV CWUIGDTGKVGVGP (NÒIGNP FCXQT \YGK IGMTGW\VG <GRVGT \W FGP 5GKVGP \YGK /GFCKN NQPU KP FGPGP UKEJ FKG -ÌRHG FGU 5VKHVGTU FGT 7PKXGTUKV·V *GT\QI #NDTGEJV WPF (TKGFTKEJ 9KNJGNOU +8 DGHKPFGP WPVGP GKP CWHIGUEJNCIGPGU $WEJ 'KPG 6CHGN OKV FGO %QNNGIKWO #NDGTVKPWO WOJGT FTGK 0COGP DGTÒJOVGT .GJTGT FGT 7PKXGTUKV·V ) 5CDKPWU 4GMVQT 5 &#%* &GWVUEJGT .KGFGTFKEJVGT WPF + -CPV 2JKNQUQRJ WPVGP FCU XQP \YGK $·TGP IGJCNVGPG -ÌPKIUDGTIGT 9CRRGP OO I .CXGTTGP\ /CTKGPD 44 2TCEJVGZGORNCT OKV JGTTNKEJGT 2CVKPC 5VGORGNINCP\

3243

3244

3245

5KNDGTOGFCKNNG XQP 9 -WNNTKEJ CWH FKG 5KNDGTJQEJ\GKV FGU 2TKP\GP 9KNJGNO UR·VGT 9KNJGNO + WPF FGT 2TKP\GUUKP #WIWUVC XQP 5CEJUGP 9GKOCT 'KUGPCEJ $GKFGT $ÒUVGP PGDGPGKPCPFGT T &CU 2TKP\GPRCCT TGKEJV UKEJ ÒDGT GKPGO #NVCT FKG *CPF \W FGP 5GKVGP $TCWVHÒJTGT WPF $TCWVLWPIHGT KP FGT /KVVG IGHNÒIGNVGT )GPKWU FGT \YGK -T·P\G ÒDGT FCU 2CCT J·NV OO I /CTKGPD 5QOOGT - 4 *GTTNKEJG 2CVKPC OKP 4CPFHGJNGT WPF -TCV\GT XQT\ÒINKEJ

5KNDGTOGFCKNNG XQP 9 -WNNTKEJ WPF ' &CGIG CWH FKG 8GTO·JNWPI UGKPGU 0GHHGP 2TKP\ (TKGFTKEJ -CTN XQP 2TGWGP OKV FGT 2TKP\GUUKP /CTKC #PPC 6QEJVGT *GT\QI .GQRQNF (TKGFTKEJU XQP #PJCNV &GUUCW -ÌRHG FGU $TCWVRCCTGU PGDGPGKPCPFGT T &CU $TCWVRCCT KP CPVKMGT -NGKFWPI TGKEJV UKEJ XQT GKPGO #NVCT FGT OKV FGP 9CRRGP XQP 2TGWGP WPF #PJCNV IGUEJOÒEMV KUV FKG *CPF KO #DUEJPKVV -TCP\ OO I /CPP C /CTKGPD 5QOOGT - 4 *GTTNKEJG 2CVKPC OKP 4CPFHGJNGT XQT\ÒINKEJ

(TKGFTKEJ -CTN XQP 2TGWGP Ó HÒJTVG FKG RTGWKUEJGP 6TWRRGP IGIGP FKG &·PGP WPF YCT KO -TKGI #TOGGHÒJTGT &KG *GTUVGNNWPI FKGUGT /GFCKNNG YWTFG CWH CNNGTJÌEJUVGP $GHGJN CWUIGHÒJTV

5KNDGTOGFCKNNG XQP - (KUEJGT CWH FKG 8GTO·JNWPI UGKPGT 0KEJVG 2TKP\GUUKP /CTKG .WKUG #PPC OKV #NGZKU .CPFITCH XQP *GUUGP 2JKNKRRUVJCN $CTEJHGNF KO ,CJTG -ÌRHG FGU $TCWVRCCTGU PGDGP GKPCPFGT T #OQT WPF *[OGP IGNGKVGP FGP .CPFITCHGP T \W UGKPGT )GOCJNKP FKG CWH GKPGO XGT\KGTVGP 5GUUGN UKV\V CP FGUUGP 5GKVG UVGJV FGT RTGWKUEJG #FNGT KO #DUEJPKVV DGHKPFGP UKEJ FKG IGMTÌPVGP 9CR RGPUEJKNFG XQP *GUUGP WPF 2TGWGP OO I /CTKGPD 4 *GTTNKEJG 2CVKPC YKP\ -TCV\GT XQT\ÒINKEJp5VGORGNINCP\

3246

5KNDGTOGFCKNNG XQP 9 -WNNTKEJ WPF ' &CGIG CWH FKG 8GTO·JNWPI UGKPGU 0GHHGP FGU UR·VGTGP -CKUGTU (TKGFTKEJ +++ OKV 8KMVQTKC 2TKP\GUUKP XQP )TQDTKVCPPKGP &KG -ÌRHG FGU $TCWVRCCTGU PGDGP GKPCPFGT T &CU MPKGPFG $TCWVRCCT YGEJUGNV XQT GKPGO UVGJGPFGP 'PIGN FKG 4KPIG WPVGP FCU RTGWK UEJG WPF GPINKUEJG 9CRRGP OKV 5RTWEJDCPF OO I 'KOGT /CTKGPD 5QOOGT - 8QT\ÒINKEJp5VGORGNINCP\

295

3248

3247

3249

9KNJGNO + &QRRGNVGT 8GTGKPUVCNGT # #-5 &CX -CJPV 6JWP <CRQPKGTV UGJT UEJÌPpXQT\ÒINKEJ

&QRRGNVGT 8GTGKPUVCNGT % #-5 &CX -CJPV 6JWP % (GKP \CRQPKGTV XQT\ÒINKEJ &QRRGNVGT 8GTGKPUVCNGT % #-5 &CX -CJPV 6JWP % 8QT\ÒINKEJ

3250

3251

8GTGKPUVCNGT $ #-5 &CX -CJPV 6JWP $ (GKPG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

&QRRGNVGT 8GTGKPUVCNGT # #-5 &CX -CJPV 6JWP 44 0WT 'ZGORNCTG IGRT·IV 9KP\ -TCV\GT XQT\ÒINKEJ

3252

ex 3254

6CNGT # #-5 ,

.QV 8GTGKPUVCNGT # # # 5KGI 6JWP Z 5KNDGTITQUEJGP # 5KNDGTITQUEJGP # #-5 5VÒEM 5GJT UEJÌP Z WPF XQT\ÒINKEJp5VGORGNINCP\

/GFCKNNGP 5KNDGTOGFCKNNG XQP ) .QQU OQF XQP 9 -WNNTKEJ CWH FKG 8GTO·JNWPI UGKPGU 'PMGNU FGU 2TKP\GP 9KNJGNO UR·VGT -CKUGT 9KNJGNO ++ OKV #WIWUVG 8KEVQTKC 6QEJVGT (TKGFTKEJU 8+++ XQP XQP 5EJNGUYKI *QNUVGKP #WIWUVGPDWTI &KG $TWUVDKNFGT FGU $TCWVRCCTGU GKPCPFGT IGIGPÒDGT WPVGT -TQPG )GMTÌPVGU 9CRRGP \YKUEJGP FGP IGMTÌPVGP +PKVKCNGP 9 WPF #8 OO I .CPIG FQTV KP $TQP\G /CTKGPD 5QOOGT - 4 -CDKPGVVUVÒEM OKV RTCEJVXQNNGT 2CVKPC 9KP\ 4CPFHGJNGT 5VGORGNINCP\

296

(GKPG 2CVKPC HCUV 5VGORGNINCP\

3255

$TQP\GOGFCKNNG XQP 9 -WNNTKEJ (TGKOCWTGTOGFCKNNG FGO -TQPRTKP\GP (TKGFTKEJ 9KNJGNO

UR·VGT (TKGFTKEJ +++ \WT 5KNDGTJQEJ\GKV IGYKFOGV $TWUVDKNFGT UGKPGT 'NVGTP 9KNJGNO + WPF FGUUGP )GOCJNKP #WIWUVC XQP 5CEJUGP 9GKOCT 'KUGPCEJ PGDGPGKPCPFGT T <GKNGP 5EJTKHV KP 'KEJGPMTCP\ OO *<% 8QT\ÒINKEJp5VGORGNINCP\

ex 3256

5KNDGTOGFCKNNG XQP ' 9GKICPF WPF 9 -WNNTKEJ CWH FKG 'KPTKEJVWPI XQP (GTKGPMQNQPKGP CP FGT 1UVUGG &KG -ÌRHG FGU -TQPRTKP\GPRCCTGU PGDGPGKPCPFGT N <YGK -KPFGT URKGNGP KO 5EJWV\G FGT *[IKGKC KO *KPVGTITWPF FCU /GGT OKV 5EJKHHGP OO I 5QOOGT - &C\W (TKGFTKEJ 9KNJGNO +++ 5KNDGTOGFCKNNG XQP # ( -ÌPKI CWH UGKPGP 6QF -QRH N 6QFGUGPIGN UVGJV X X OKV IGUGPMVGT (CEMGN WPF YGPFGV KO $WEJ FGT RGTUQPKHK\KGTVGP )GUEJKEJVG FKG PGDGP KJO UKV\V GKP $NCVV WO OO I $QN\GPVJCN 5VÒEM 8QT\ÒINKEJ WPF NGKEJV ÒDGTCTDGKVGV UGJT UEJÌP

3258

5KNDGTOGFCKNNG XQP 9 7JNOCPP WPF ) .QQU CWH FCU L·JTKIG ,WDKN·WO FGT -WPUVCWUUVGNNWPI KP $GTNKP $TWUVDKNF -CKUGT 9KNJGNOU + T $TWUVDKNF (TKGFTKEJU ++ FGU )TQGP N OO I /CTKGPD 9KP\ 4CPFHGJNGT XQT\ÒINKEJ

297

3259

(TKGFTKEJ +++ 5KNDGTOGFCKNNG Q , XQP 1 5EJWNV\ WPF 9 7JNOCPP CWH UGKPG )GOCJNKP 8KEVQTKC 4ÒEMGPCPUKEJV 8KEVQTKCU OKV &KCFGO FGP -QRH PCEJ N IGYCPFV )GMTÌPVGU #NNKCP\YCRRGP

'PINCPF &GWVUEJNCPF IGUEJOÒEMV OKV .QTDGGT WPF 2CNO\YGKIGP WOJGT FKG -GVVG FGU 5EJYCT\GP #FNGT 1TFGPU OO I /CTKGPD 5VGIWYGKV 0* 0T 44 +P 'VWK 8QT\ÒINKEJp5VGORGNINCP\

&KGUG /GFCKNNG HÒT FKG FKG -CKUGTKP (TKGFTKEJ RGTUÌPNKEJ FGP #WHVTCI GTVGKNV JCVVG YWTFG PWT KP UGJT YGPKIGP 'ZGORNCTGP XGTOWVNKEJ FGP $GNGIGZGORNCTGP FGT -ÒPUVNGT JGTIGUVGNNV &KG -CKUGTKP YWTFG PCEJ FGO 6QF KJTGU )GOCJNU KUQNKGTV WPF FKG XQTIGUGJGPG 2T·IWPI FGT /GFCKNNG MCO PKEJV OGJT \WT #WUHÒJTWPI &CU 5VÒEM \·JNV \W FGP ITQGP 4CTKV·VGP WPVGT FGP /GFCKNNGP FGU &GWVUEJGP 4GKEJU

.165 $4#0&'0$74) 24'755'0

-NGKPG 5COONWPI DTCPFGPDWTIKUEJGT &GPCTG FGU ,CJTJWPFGTVU FCTWPVGT CWEJ DGUUGTG 6[RGP *QEJKPVGTGUUCPVGU .QV DKVVG DGUKEJVKIGP 5VÒEM 5EJÌPpUGJT UEJÌP

&KXGTUG /ÒP\GP FGU <GKVTCWOU XQO 2HGPPKI DKU \WO 6CNGT FCTWPVGT CWEJ GKPKIG DGUUGTG 6[RGP WPF JÒDUEJG 'TJCNVWPIGP &C\W GKPKIG 4GKEJUUKNDGTOÒP\GP XQP *CODWTI WPF FGT 9GKOCTGT 4GRWDNKM +PVGTGUUCPVGU .QV DKVVG DGUKEJVKIGP 5VÒEM 'KPKIG OKV MNGKPGP (GJNGTP UQPUV UEJÌPpHCUV 5VGORGNINCP\

(TKGFTKEJ 9KNJGNO FGT )TQG -WTHÒTUV )TÌUEJGT *5 (TKGFTKEJ +++ )TÌUEJGT 5& 5& Z %) (TKGFTKEJ 9KNJGNO + FGT 5QNFCVGPMÌPKI )TÌUEJGT %) 5VÒEM 5GJT UEJÌP

(TKGFTKEJ +++ 6CNGT .%5 &CX (TKGFTKEJ ++ FGT )TQG 4GKEJUVCNGT RTGW # $ 4GKEJUVCNGT # # 4GKEJUVCNGT RTGW #

5VGTDGVCNGT 1NF C Z #PO (TKGFTKEJ 9KNJGNO +++ 6CNGT # # 6JWP Z 5VÒEM 5EJÌPpUGJT UEJÌP

4GKEJUVCNGT RTGW # 6CNGT .%5 4GKEJUVCNGT RTGW # 6CNGT +. 4GKEJUVCNGT RTGW # 6CNGT +' .%5 +%5 +%5 $ 6CNGT +. ( 5VÒEM /GKUV UGJT UEJÌP

1UVRTGWGP WPVGT TWUUKUEJGT $GUCV\WPI 6CNGT -ÌPKIUDGTI 1NF D )TÌUEJGT -ÌPKIU DGTI 1NF C Z )TÌUEJGT /QUMCW 1NF 5VÒEM /GKUV UGJT UEJÌP

/GFCKNNGP .QV (TKGFTKEJ 9KNJGNO ++ 5KNDGTOGFCKNNG XQP .QQU CWH FKG 8GTO·JNWPI FGU -TQPRTKP\GP OKV .WKUG #WIWUVG 9KNJGNOKPG #OCNKG XQP /GEMNGPDWTI 5VTGNKV\ (TKGFTKEJ 9KNJGNO +++ 5KNDGTOGFCKNNG XQP #DTCOUQP CWH FKG *WNFKIWPI KP *KNFGUJGKO WPF )QUNCT $TQP\GOGFCKNNG XQP .QQU WPF -ÌPKI CWH UGKP L·JTKIGU 4GIKGTWPIULWDKN·WO 5KNDGTOGFCKNNG XQP .QQU WPF -ÌPKI CWH UGKPGP 6QF (TKGFTKEJ 9KNJGNO +8 5KNDGTOGFCKNNG XQP (KUEJGT WPF 2HGWHHGT CWH FKG *WNFKIWPI KP $GTNKP 9KNJGNO ++ 5KNDGTOGFCKNNG Q , WPUKIPKGTV OKV FGP -ÌRHGP XQP 9KNJGNO ++ WPF (TKGEJTKEJ +++ 5VÒEM 5GJT UEJÌPpXQT\ÒINKEJ

3267

56#&6

-NGKPGT )TQUEJGP ,GUUG

$4#705%*9'+) 4 -N 5EJTÌVNKPIUHGJNGT CO 4CPF UGJT UEJÌPpXQT\ÒINKEJ

'ZGORNCT FGT 5COONWPI -GPPGRQJN #WMVKQP (TKV\ 4WFQNH -ÒPMGT 1UPCDTÒEM 0T

298

3269

3268

3270

$4#705%*9'+) 70& .ª0'$74) $4#705%*9'+) .ª0'$74) *'4<1)67/

*GKPTKEJ FGT .ÌYG *GT\QI XQP 5CEJUGP $TCMVGCV $TCWPUEJYGKI I .ÌYG UEJTGKVGV N FGP -QRH PCEJ XQTP IGYCPFV $GTIGT &GPKEMG D 9GNVGT E 5EJÌPG 2CVKPC MN 2T·IGUEJY·EJG HCUV XQT\ÒINKEJ

*GKPTKEJ FGT .CPIG $TCMVGCV .ÒPGDWTI I .ÌYG OKV \YGKIGVGKNVGO 5EJYCP\ UEJTGK VGV T FGP -QRH PCEJ XQTP IGYCPFV T KO (GNF 4KPIGN $GTIGT 5NI $QPJQHH *ÒDUEJG 2CVKPC HCUV XQT\ÒINKEJ

1VVQ FCU -KPF $TCMVGCV $TCWPUEJYGKI I .ÌYG UEJTGKVGV T FGP -QRH PCEJ XQTP IGYCPFV CWH <KPPGPOCWGT $GTIGT &GPKEMG 9GNVGT 5GJT UEJÌP

3271

3272

3273

$4#705%*9'+) 91.('0$ª66'. (ª456'067/

,WNKWU 6CNGT )TQUEJGP )QUNCT OKV 6KVGN /CZKOKNKCPU ++ .KEJVVCNGT &CX 9GNVGT 4 *GPMGNURWT (GNFGT IGIN·VVGV UGJT UEJÌP

4GKEJUVCNGT )QUNCT .KEJVVCNGT &CX 9GNVGT (GKP \CRQPKGTV YKP\ -TCV\GT UGJT UEJÌP 4GKEJUVCNGT )QUNCT .KEJVQTV 9GNVGT 5EJÌPpUGJT UEJÌP

3275 3274

3274

4GKEJUVCNGT )QUNCT $TKNNGPVCNGT &CX # 9GNVGT #VVTCMVKXGU 'ZGORNCT OKV JÒDUEJGT 2CVKPC UGJT UEJÌP

*GKPTKEJ ,WNKWU 4GKEJUVCNGT )QUNCT 9GNVGT 5GJT UGNVGP DGUQPFGTU KP FKGUGT 'TJCNVWPI *GTTNKEJG 2CVKPC XQT\ÒINKEJGU 'ZGORNCT

299

3276

3277

4GKEJUVCNGT )QUNCT 4GDGNNGPVCNGT &CX 9GNVGT

3278

9KP\ -TCV\GT UGJT UEJÌP

7PVGT *GKPTKEJ ,WNKWU GPVUVCPF GKPG ICP\G 4GKJG UQIGPCPPVGT GODNGOCVKUEJGT 6CNGT FKG CWH 5VTGKVKIMGKVGP FGU *GT\QIU OKV GKPKIGP NCPFUV·PFKUEJGP #FGNKIGP $G\WI PGJOGP FCTWPVGT FKG XQP 5CNFGTP 5VGKPDGTI WPF 5VQEMJGKO &GT *WPF CWH FKGUGO UQIGPCPPVGP 4GDGNNGPVCNGT U[ODQNKUKGTV FKG IGIGP FGP 5VCEJGN NÌEMGPFGP WP\WHTKGFGPGP #FGNKIGP FKG FGP *GT\QI XQT FGO 4GKEJUMCOOGTIGTKEJV XGTMNCIV JCVVGP &KG 4ÒEMUGKVG UQNN CP\GKIGP FC UKG YKG FKG 4QVVG -QTCJ WPVGTIGJGP YGTFGP

4GKEJUVCNGT )QUNCT .ÒIGPVCNGT &CX 9GNVGT 7PIGYÌJPNKEJ IWV CWUIGRT·IVGU XQT\ÒINKEJ 'ZGORNCT

#WEJ FKGUGU 5VÒEM IGJÌTV \W FGT 4GKJG FGT UQIGPCPPVGP GODNGOCVKUEJGP 6CNGT FKG CWH FKG 5VTGKVKIMGKVGP FGU *GT\QIU OKV GKPKIGP NCPFUV·PFKUEJGP #FGNKIGP $G\WI PGJOGP #WH FKGUGO .ÒIGPVCNGT YKTF FGT *GT\QI FWTEJ GKPGP XQP GKPGO 'PIGN DGMT·P\VGP .ÌYGP FCTIGUVGNNV FGT GKPGP 5VGKPDQEM FKG -N·IGT \GTTGKV

4GKEJUVCNGT 1UVGTQFG /ÒEMGP QFGT 9GURGPVCNGT &CX 9GNVGT 5GNVGP KP FKGUGT 'TJCNVWPI 8QT\ÒINKEJ

&CU XQTNKGIGPFG 5VÒEM IGJÌTV GDGPHCNNU KP FKG 4GKJG FGT UQIGPCPPVGP GODNGOCVKUEJGP 6CNGT FKG CWH FKG 5VTGKVKIMGKVGP FGU *GT\QIU OKV GKPKIGP NCPFUV·PFKUEJGP #FGNKIGP $G\WI PGJOGP #WH FKGUGO 5VÒEM YKTF FGT *GT\QI FWTEJ GKPGP .ÌYGP U[ODQNKUKGTV CPIGITKHHGP XQP 9GURGP QFGT /ÒEMGP FGP -N·IGTP ªDGT FGO ICP\GP UEJYGDV FGT MCKUGTNK EJG #FNGT +P WPUGTGP -CVCNQIGP JCDGP YKT HTÒJGT FKGUGP 6CNGTV[R CNU 9GURGPVCNGT DG\GKEJPGV #WU GKPGT $TKGHCDUEJTKHV CWU FGO 5VCCVUCTEJKX 9QNHGPDÒVVGN IGJV CNNGTFKPIU JGTXQT FC FGT *GT\QI UGKPG 9KFGTUCEJGT UGNDUV CNU YQJN PKEJV UQ DGFTQJ NKEJ YKG 9GURGP UQPFGTP GJGT CNU N·UVKI YKG /ÒEMGP CPUCJ 7PUGTGO /CJNGT WPF NKGDGP IGVTGWGP ,QCEJKO 5VQNVGP .KGDGT IGVTGWGT GU KUV 7PUGT IP·FKIGU $GIGTP &W YQNNVGUV PQEJ CNUDCNF XQP 7PUGTO UEJPGKFGT GKPG 4GWVGTHCPGP XQP TQVGP &COCUV XGTHGTVKIGP NCGP KP FGT ITÌG YKG FKG CPFGTG WPF UQNN KP FKGUGNDKIG OKV )QNF UKNDGT WPF HCTDGP IG OCNGP YGTFGP GKP .CY UQ CWH FGP JKPFGTP UK\GV WPF ÒDGT KJP UQN UEJYGDGP GKP #FNGT WPF FKG 5QPPGPUVTCNGP UQNNGP KJP CPUEJGKPGP WPF G\NKEJG OÒEMGP WOD FKG PCUG JGTWOHNKGJGP CWHH FKGUGNDKIG #TV YKG CWHH FKG &CNGT IGRT·IGV YQTFGP &CVWO /CIFGDWTIM FGP #RTKN #PPQ *GKPTKEJ ,WNKWU /GKPG *CPFV &GT 9GURGPVCNGT OÒVG FGUJCND GKIGPVNKEJ /ÒEMGPVCNGT IGPCPPV YGTFGP

3279

300

4GKEJUVCNGT <GNNGTHGNF CWH UGKPGP 6QF &CX 9GNVGT (WPFGZGORNCT .GKEJVG -QTTQUKQPUURWTGP \CRQPKGTV UGJT UEJÌP

3280

3281

3282

(TKGFTKEJ 7NTKEJ 4GKEJUVCNGT )QUNCT QFGT <GNNGTHGNF &CX 9GNVGT # (GKPG 2CVKPC YKP\ 4CPFHGJNGT OKP 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

4GKEJUVCNGT <GNNGTHGNF #WUDGWVG FGT )TWDG 5V ,CMQD KP .CWVJGPVJCN I (ÒPHHCEJ DGJGNO VGU HGNFKIGU 9CRRGP &GT JGKNKIG ,CMQD UVGJV OKV *WV $WEJ WPF 5VCD ÒDGT 9GNNGP T .CPFUEJCHV OKV \YGK $·WOGP N *ÒIGN OKV 5EJCEJVIÌRGN &CX /ÒUGNGT E 9GNVGT 44 (GKP \CRQPKGTV UGJT UEJÌPpXQT\ÒINKEJ

#WIWUV FGT ,ÒPIGTG 4GKEJUVCNGT <GNNGTHGNF )NQEMGPVCNGT &CX 9GNVGT <CRQPKGTV YKP\ 4CPFHGJNGT UGJT UEJÌP

3283

4GKEJUVCNGT <GNNGTHGNF )NQEMGPQTV 9GNVGT

#VVTCMVKXG 2CVKPC XQT\ÒINKEJ

3284

.ÌUGT \W 4GKEJUVCNGTP <GNNGTHGNF 1JPG 9GTVRWP\G I &CX &WXG 9GNVGT $TQUEJKGTURWTGP NGKEJV DGTKGDGP UGJT UEJÌPpXQT\ÒINKEJ

301

3285

.ÌUGT \W 4GKEJUVCNGTP <GNNGTHGNF /KV 9GTVRWP\G I &CX &WXG 9GNVGT 5GJT UEJÌP

3287

3286

3288

4GKEJUVCNGT <GNNGTHGNF CWH UGKPGP 6QF &CX 9GNVGT *ÒDUEJG 2CVKPC UGJT CVVTCMVKXGU XQT\ÒINKEJGU 'ZGORNCT

4WFQNH #WIWUV 4GKEJUVCNGT %NCWUVJCN CWH FKG 'TQDGTWPI FGT 5VCFV $TCWPUEJYGKI &CX 9GNVGT (GKP \CRQPKGTV UGJT UEJÌPpXQT\ÒINKEJ

4GKEJUVCNGT %NCWUVJCN CWH FKG 'TQDGTWPI FGT 5VCFV $TCWPUEJYGKI &CX $ 9GNVGT (GKP \CRQPKGTV YKP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

3289

302

/CTKGPITQUEJGP <GNNGTHGNF &CX 9GNVGT

8QT\ÒINKEJp5VGORGNINCP\

3290

3291

3292

4WFQNH #WIWUV WPF #PVQP 7NTKEJ 4GKEJUVCNGT <GNNGTHGNF &CX 9GNVGT (GKP \CRQPKGTV UGJT UEJÌPpXQT\ÒINKEJ

4GKEJUVCNGT <GNNGTHGNF &CX 9GNVGT 5GNVGPGT ,CJTICPI 9KP\ 4CPFHGJNGT UGJT UEJÌP /CTKGPITQUEJGP $TCWPUEJYGKI &CX 9GNVGT 8QT\ÒINKEJp5VGORGNINCP\

3294

3293

6CNGT 9QNHGPDÒVVGN &CX 9GNVGT 5GNVGP KP FKGUGT 'TJCNVWPI (GKPG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

6CNGT 9QNHGPDÒVVGN &CX 9GNVGT 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 9KP\ 5EJTÌVNKPIUHGJNGT HCUV 5VGORGNINCP\

3295 3296

3296

4GKEJUVCNGT )QUNCT QFGT <GNNGTHGNF *CNDGT 'KPVTCEJVUVCNGT 9GNVGT 44 #VVTCMVKXG 2CVKPC UGJT UEJÌP

#PVQP 7NTKEJ 4GKEJUVCNGT <GNNGTHGNF &CX 9GNVGT

5GJT UEJÌP

303

3297

#WIWUV 9KNJGNO 5KNDGTOGFCKNNG Q , XQP 5 4KEJCTF )GJCTPKUEJVGU $TWUVDKNF T OKV WOIGNGIVGO /CPVGN 0CEJ N URTKPIGPFGU 4Q KP .CPFUEJCHV OO I $TQEMOCPP (GKPG 2CVKPC HCUV XQT\ÒINKEJ

#WIWUV 9KNJGNO /·T\ Ó /·T\ &TKVVGT 5QJP FGU *GT\QIU #PVQP 7NTKEJ WPF UGKPGT )GOCJNKP ,WNKCPG XQP *QNUVGKP 0QTDWTI 8GTO·JNV OKV %JTKUVKPG 5QRJKG XQP $TCWPUEJYGKI OKV 5QRJKG #OCNKG XQP *QN UVGKP )QVVQTR WPF OKV 'NKUCDGVJ 5QRJKG /CTKG XQP *QNUVGKP 0QTDWTI #NNG FTGK 'JGP DNKGDGP MKPFGTNQU

3299

3298

3300

5KNDGTOGFCKNNG Q , WPUKIPKGTV XGTOWVNKEJ XQP 5V 4KEJCTF )GJCTPKUEJVGU $TWUVDKNF T OKV WOIGNGIVGO /CPVGN 0CEJ N URTKPIGPFGU 4Q KP .CPFUEJCHV OO I $TQEMOCPP 5GJT UEJÌP

5KNDGTOGFCKNNG Q , WPUKIPKGTV XGTOWVNKEJ XQP 5V 4KEJCTF )GJCTPKUEJVGU $TWUVDKNF T OKV WOIGNGIVGO /CPVGN 0CEJ N URTKPIGPFGU 4Q KP .CPFUEJCHV OO I $TQEMOCPP 4 (GKPG 2CVKPC MN -TCV\GT XQT\ÒINKEJ

4GKEJUVCNGT <GNNGTHGNF &CX 9GNVGT

'ZGORNCT FGT 5COONWPI , .CJOCPP 1UPCDTÒEM

304

*ÒDUEJG 2CVKPC HCUV XQT\ÒINKEJ

3301

4GKEJUVCNGT <GNNGTHGNF &CX 9GNVGT *ÒDUEJG 2CVKPC MN 2T·IGUEJY·EJG UGJT UEJÌPpXQT\ÒINKEJ 'ZGORNCT FGT 5COONWPI , .CJOCPP 1UPCDTÒEM

3302

.WFYKI 4WFQNH UGKV KP $NCPMGPDWTI 5KNDGTOGFCKNNG WPUKIPKGTV CWH UGKPGP )GDWTVUVCI #RQNN OKV UVTCJNGPFGO *CWRV <GRVGT WPF .[TC UKV\V CWH *KOOGNUDQIGP T PGDGP KJO FCU 5VGTPDKNF .ÌYG WPVGP .CPFUEJCHV OKV /GPUEJGP WPF 6KGTGP <GKNGP 5EJTKHV OO I $TQEMOCPP 4 -N 4CPFHGJNGT UGJT UEJÌP

#RQNN DGJGTTUEJVG FCU 5VGTPDKNF FGU .ÌYGP WPVGT FGO FGT *GT\QI IGDQTGP YCT

3303

3304

3305

5KNDGTOGFCKNNG XQP 2 2 9GTPGT CWH FKG ,CJTHGKGT FGT 7PKXGTUKV·V *GNOUVGFV &TGKHCEJ DG JGNOVGT \YÌNHHGNFKIGT 9CRRGPUEJKNF XQP \YGK DGJGNOVGP .ÌYGP IGJCNVGP WOJGT FKG -GVVG WPF FCU -TGW\ FGU #PFTGCUQTFGPU 5RTKPIGPFGU 4Q N OO I $TQEMOCPP .CXGTTGP\ *ÒDUEJG 2CVKPC XQT\ÒINKEJ

6CNGT $TCWPUEJYGKI &CX 9GNVGT

8QP ITQGT 5GNVGPJGKV 5GJT UEJÌP

-CTN + #NDGTVWUVCNGT $TCWPUEJYGKI 9GNVGT (GKPG 2CVKPC OKP 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

305

3307

3306

4GKEJUVCNGT <GNNGTHGNF #WUDGWVG FGT )TWDG .CWVGPVJCNU )NÒEM &CX /ÒUGNGT 9GNVGT (GKP \CRQPKGTV MN 2T·IGUEJY·EJG UGJT UEJÌPpXQT\ÒINKEJ

4GKEJUVCNGT <GNNGTHGNF #WUDGWVG FGT )TWDG *GT\QI (TKGFTKEJ #WIWUV $NG[HGNF &CX /Ò UGNGT 9GNVGT (GKP \CRQPKGTV UGJT UEJÌPpXQT\ÒINKEJ

3308

3309

4GKEJUVCNGT <GNNGTHGNF #WUDGWVG FGT )TWDG *GT\QI (TKGFTKEJ #WIWUV $NG[HGNF &CX /Ò UGNGT 9GNVGT (GKP \CRQPKGTV XQT\ÒINKEJ

4GKEJUVCNGT <GNNGTHGNF #WUDGWVG FGT )TWDG %TQPGPDWTIU )NÒEM &CX /ÒUGNGT 9GNVGT 4 (GKP \CRQPKGTV MN 5EJTÌVNKPIUHGJNGT CO 4CPF XQT\ÒINKEJ

3310

3312

3311

4GKEJUVCNGT <GNNGTHGNF #WUDGWVG FGT )TWDG )ÒVG FGU *GTTP &CX /ÒUGNGT 9GNVGT (GKP \CRQPKGTV UGJT UEJÌPpXQT\ÒINKEJ

4GKEJUVCNGT <GNNGTHGNF #WUDGWVG FGT )TWDG .CWVGPVJCNU )NÒEM &CX /ÒUGNGT 9GNVGT (GKP \CRQPKGTV MN 2T·IGUEJY·EJG UGJT UEJÌPpXQT\ÒINKEJ

4GKEJUVCNGT <GNNGTHGNF #WUDGWVG FGT )TWDG 9GKGT 5EJYCP &CX /ÒUGNGT 9GNVGT *ÒDUEJG 2CVKPC HCUV XQT\ÒINKEJ

306

3313

3315

3316

4GKEJUVCNGT <GNNGTHGNF #WUDGWVG FGT )TWDG 5GIGP )QVVGU &CX /ÒUGNGT 9GNVGT (GKP \CRQPKGTV UGJT UEJÌP

-CTN 9KNJGNO (GTFKPCPF -QPX 6CNGT 5RGEKGUVCNGT $TCWPUEJYGKI &CX 9GNVGT 5VÒEM /KP 5EJTÌVNKPIUHGJNGT Z XQT\ÒINKEJ

-CTN ++ -QPX 6CNGT 5RGEKGUVCNGT %X% #-5 &CX -CJPV 6JWP 44 ,WUVKGTV HCUV XQT\ÒINKEJ *GT\QI -CTN YWTFG CNU 5QJP (TKGFTKEJ 9KNJGNOU CO KP $TCWPUEJYGKI IGDQTGP 0CEJFGO UGKP 8CVGT DGK 3WCVTGDCU HKGN MCO FGT HCUV L·JTKIG WPVGT 8QTOWPFUEJCHV UGKPGU 1PMGNU )GQTI +8 OKPFGTL·JTKI \WT 4GIKG TWPI 8QT FGT <GKV HÒT OÒPFKI GTMN·TV YWTFG -CTN YGIGP UGKPGT /KTGIKGTWPI FWTEJ GKPGP 8QNMUCWHUVCPF XGTVTKGDGP 9GIGP UGKPGU 4GKEJVWOU YWTFG GT KO 8QNMUOWPF URÌVVKUEJ FGT &KCOCPVGPJGT\QI IGPCPPV &GT JKGT CPIGDQVGPG 5RGEKGUVCNGT YKTF PWT UGJT UGNVGP KO /CTMV CPIGDQVGP

/CTKGPITQUEJGP %X% #-5 ,

3317

2TCEJVGZGORNCT (GKPG 2CVKPC 5VGORGNINCP\

3318

3319

9KNJGNO 8GTGKPUFQRRGNVCNGT $ #-5 &CX -CJPV 6JWP 2TCEJVGZGORNCT (CUV 5VGORGNINCP\

8GTGKPUFQRRGNVCNGT $ L·JTKIGU 4GIKGTWPIULWDKN·WO #-5 &CX -CJPV 6JWP (GKPG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

%JTKUVKCP $KUEJQH XQP /KPFGP 4GKEJUVCNGT %NCWUVJCN &CX 9GNVGT -N 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

$4#705%*9'+) .ª0'$74) %'..' (ª456'067/ 307

3320

3321

4GKEJUVCNGT %NCWUVJCN #WUDGWVG FGT )TWDG 5V #PFTGCU &CX /ÒUGNGT 9GNVGT 5GNVGP KP FKGUGT 'TJCNVWPI (GKP \CRQPKGTV XQT\ÒINKEJ

(TKGFTKEJ 4GKEJUVCNGT %NCWUVJCN &CX 9GNVGT #VVTCMVKXG 2CVKPC YKP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

3322

.ÌUGT \W 4GKEJUVCNGTP %NCWUVJCN /KV 9GTVRWP\G I )GJCTPKUEJVGU $TWUVDKNF HCUV X X OKV ITQGT *CNUMTCWUG KP XGT\KGTVGO -TGKU QDGP IGHNÒIGNVGU 'PIGNMÌRHEJGP (ÒPHHCEJ DGJGNOVGU HGNFKIGU 9CRRGP FCTWPVGT KP GKPGT -CTVWUEJG * 5 *GPPKPI 5EJTGKDGT /ÒP\OGKUVGT KP %NCWUVJCN QDGP FKG IGVGKNVG ,CJTGU\CJN &CX &WXG 9GNVGT 44 (GKPG 2CVKPC (GNF FGT 8QTFGTUGKVG OKP CNVIGIN·VVGV UGJT UEJÌPpXQT\ÒINKEJ 'ZGORNCT FGT 5COONWPI , .CJOCPP 1UPCDTÒEM

3323

4GKEJUVCNGT Q , <GNNGTHGNF &CX 9GNVGT

3324

(GKPG 2CVKPC UGJT UEJÌP

4GKEJUVCNGT %NCWUVJCN CWH UGKPGP 6QF &CX 9GNVGT 4 #VVTCMVKXGU 'ZGORNCT OKV HGKPGT 2CVKPC 9KP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

'ZGORNCT FGT 5COONWPI , .CJOCPP 1UPCDTÒEM

308

ex 3326

3325

4GKEJUVCNGT %NCWUVJCN CWH UGKPGP 6QF 9GNVGT 8QP ITQGT 5GNVGPJGKV 5GJT CVVTCMVKXGU 'ZGORNCT OKV HGKPGT 2CVKPC UGJT UEJÌP

'ZGORNCT FGT 5COONWPI , .CJOCPP 1UPCDTÒEM

4GKEJUVCNGT %NCWUVJCN 4GKEJUVCNGT %NCWUVJCN $GKFG CWH UGKPGP 6QF 9GNVGT 5VÒEM 4 *GPMGNURWT UGJT UEJÌP

3327

%JTKUVKCP .WFYKI .ÌUGT \W 4GKEJUVCNGTP <GNNGTHGNF 1JPG 9GTVRWP\G I &CX &WXG 9GNVGT 4 9KP\ 5EJTÌVNKPIUHGJNGT HCUV XQT\ÒINKEJGU 'ZGORNCT 'ZGORNCT FGT 5COONWPI , .CJOCPP 1UPCDTÒEM

3328

3329

4GKEJUVCNGT <GNNGTHGNF &CX HCNUEJG 4ÒEMUGKVGPCDDKNFWPI 9GNVGT *ÒDUEJG 2CVKPC UGJT UEJÌP

.ÌUGT \W 4GKEJUVCNGTP %NCWUVJCN #WUDGWVG FGT *CT\GT )TWDGP /KV 9GTVRWP\G I &CX &WXG /ÒUGNGT 9GNVGT -N *GPMGNURWT (GNFGT IGIN·VVGV UGJT UEJÌP

'ZGORNCT FGT 5COONWPI , .CJOCPP 1UPCDTÒEM

309

3330

.ÌUGT \W 4GKEJUVCNGTP %NCWUVJCN #WUDGWVG FGT *CT\GT )TWDGP /KV 9GTVRWP\G I &CX &WXG $ /ÒUGNGT 9GNVGT 5GJT CVVTCMVKXGU 'ZGORNCT OKV JÒDUEJGT 2CVKPC (CUV XQT\ÒINKEJ 'ZGORNCT FGT 5COONWPI , .CJOCPP 1UPCDTÒEM

3331

.ÌUGT \W 4GKEJUVCNGTP %NCWUVJCN #WUDGWVG FGT *CT\GT )TWDGP /KV 9GTVRWP\G I )G MTÌPVGU /QPQITCOO %. KP .QTDGGTMTCP\ WOIGDGP XQP MNGKPGP IGMTÌPVGP 9CRRGP WPVGP /ÒP\OGKUVGT\GKEJGP . 9 .KRRQNF 9GHGT /ÒP\OGKUVGT KP %NCWUVJCN 4Q URTKPIV N ÒDGT $GTIYGTMUNCPFUEJCHV *CPF CWU 9QNMGP J·NV .QTDGGTMTCP\ ÒDGT 2HGTFGMQRH &CX &WXG # + /ÒUGNGT 9GNVGT #NVG 2CVKPC UGJT UEJÌP

3332

.ÌUGT \W 4GKEJUVCNGTP %NCWUVJCN #WUDGWVG FGT *CT\GT )TWDGP /KV 9GTVRWP\G I &CX &WXG $ /ÒUGNGT 9GNVGT (GKPG 2CVKPC YKP\ *GPMGNURWT UGJT UEJÌP 'ZGORNCT FGT 5COONWPI , .CJOCPP 1UPCDTÒEM

310

3333

.ÌUGT \W 4GKEJUVCNGTP <GNNGTHGNF #WUDGWVG FGT *CT\GT )TWDGP /KV 9GTVRWP\G I )G MTÌPVGU /QPQITCOO %. KP .QTDGGTMTCP\ WOIGDGP XQP MNGKPGP IGMTÌPVGP 9CRRGP WPVGP /ÒP\OGKUVGT\GKEJGP *5 \YGK IGMTGW\VG 5EJNÒUUGN *GPPKPI 5EJNÒVGT /ÒP\OGKUVGT KP <GNNGTHGNF 9KNFGT /CPP FGP -QRH PCEJ N IGYCPFV UVGJV X X KP $GTIYGTMUNCPFUEJCHV KP FGT TGEJVGP *CPF 6CPPG &CX &WXG + /ÒUGNGT 9GNVGT 8QP ITQGT 5GNVGPJGKV (GKPG 2CVKPC MN *GPMGNURWT (GNFGT CNVIGIN·VVGV FGPPQEJ CVVTCMVKXGU UGJT UEJÌPGU 'ZGORNCT 'ZGORNCT FGT 5COONWPI , .CJOCPP 1UPCDTÒEM

3334

3336

3335

)GQTI 9KNJGNO 4GKEJUVCNGT CWH FKG ,CJTHGKGT FGT 7PKXGTUKV·V *GNOUVGFV &CX .CXGTTGP\ 9GNVGT 5GJT CVVTCMVKXGU 'ZGORNCT OKV JÒDUEJGT 2CVKPC HCUV XQT\ÒINKEJ

4GKEJUVCNGT CWH FKG ,CJTHGKGT FGT 7PKXGTUKV·V *GNOUVGFV &CX .CXGTTGP\ 9GNVGT (GKP \CRQPKGTV UGJT UEJÌP

4GKEJUVCNGT %GNNG &CX 9GNVGT

44 (GKP \CRQPKGTV MN 2T·IGUEJY·EJG UGJT UEJÌP

311

3337

3338

3339

$4#705%*9'+) %#.'0$'4) *#0018'4 #$ -74(ª456'067/ *#0018'4 #$ -¤0+)4'+%* *#0018'4

)GQTI 9KNJGNO 4GKEJUVCNGT <GNNGTHGNF &CX 9GNVGT *ÒDUEJG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

4GKEJUVCNGT <GNNGTHGNF /KV 9GTVRWP\G I &CX &WXG 9GNVGT (GKP \CRQPKGTV YKP\ *GPMGNURWT UGJT UEJÌP

4GKEJUVCNGT <GNNGTHGNF /KV 9GTVRWP\G I &CX &WXG 9GNVGT -N &TWEMUVGNNG UGJT UEJÌP

3340 (1 1/2-fach)

,QJCPP (TKGFTKEJ HCEJGT 4GKEJUVCNGT %NCWUVJCN #WUDGWVG FGT )TWDG 5V #P FTGCU /KV 9GTVRWP\G I (ÒPHHCEJ DGJGNOVGU OGJTHCEJ IGUEJYWPIGPGU HGNFKIGU 9CRRGP 5V #PFTGCU OKV *GKNKIGPUEJGKP FCU -TGW\ JKPVGT UKEJ JCNVGPF /KV 4CPFUEJTKHV 8'0#47/ *'4%;0+ &7$+ 37' * % 24 /+# 5146+5 É &CX &WXG 5 /ÒUGNGT C 9GNVGT 8QP ITQGT 5GNVGPJGKV *ÒDUEJG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

3341

312

6CNGT *CPPQXGT &CX 9GNVGT 6CNGT *CPPQXGT &CX 9GNVGT

3342

5GJT UEJÌPpXQT\ÒINKEJ 5GJT UEJÌP

3343

'TPUV #WIWUV UGKV $KUEJQH XQP 1UPCDTÒEM 4GKEJUVCNGT %NCWUVJCN &CX 9GNVGT 4 (GKP \CRQPKGTV HCUV XQT\ÒINKEJ

3345

3344

3346

6CNGT *CPPQXGT I )GMTÌPVGU 9CRRGP FCJKPVGT 5EJYGTV WPF -TWOOUVCD IGMTGW\V QDGP \W FGP 5GKVGP FGT -TQPG \W FGP 5GKVGP FGU 9CRRGPU /ÒP\OGKUVGT\GKEJGP + Û ' Û 5 Û

,QJCPP 'TKEJ 5EJKNFV /ÒP\OGKUVGT KP *CPPQXGT 4Q URTKPIV N WPVGP 9GTV\CJN KP 1XCN &CX (KCNC 5NI &T -QEJ 9GNVGT 7PGFKGTV 5GJT UEJÌP

6CNGT %NCWUVJCN &CX 9GNVGT 6CNGT *CPPQXGT &CX 9GNVGT

3347

2TCEJVGZGORNCT (CUV 5VGORGNINCP\ 2TCEJVGZGORNCT (CUV 5VGORGNINCP\

3348

3347

4GKEJUVCNGT %NCWUVJCN #WUDGWVG FGT )TWDG 5V #PFTGCU &CX /ÒUGNGT 9GNVGT 4CPF DGCTDGKVGV UGJT UEJÌP

&GT XQTNKGIGPFG 4GKEJUVCNGT YKTF CWEJ CNU -TÒRRGNVCNGT DG\GKEJPGV FC FCU NKPMG $GKP FGU JGKNKIGP #PFTGCU WPCPC VQOKUEJ XGTUVGNNV KUV

6CNGT %NCWUVJCN &CX 9GNVGT 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT (CUV 5VGORGNINCP\

313

3349

3350

4GKEJUVCNGT %NCWUVJCN CWH UGKPGP 6QF &CX 9GNVGT 4 #VVTCMVKXG 2CVKPC MN 4CPFHGJNGT HCUV XQT\ÒINKEJGU 'ZGORNCT

)GQTI + .WFYKI /CTKGPITQUEJGP %NCWUVJCN #WUDGWVG FGT )TWDG 5V #PFTGCU /ÒUGNGT 9GNVGT *ÒDUEJG 2CVKPC UGJT UEJÌP

3352

3351

4GKEJUVCNGT %NCWUVJCN #WUDGWVG FGT )TWDG 5V #PFTGCU &CX /ÒUGNGT 9GNVGT (GKPG 2CVKPC HCUV XQT\ÒINKEJ

2HGPPKI %NCWUVJCN 9GNVGT

3353

44 5GJT UEJÌP

3356

3354

4GKEJUVCNGT %NCWUVJCN &CX 9GNVGT (GKPG 2CVKPC MN 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

4GKEJUVCNGT %NCWUVJCN CWH FGP 6QF UGKPGT /WVVGT 5QRJKC XQP FGT 2HCN\ &CX 9GNVGT 5GJT UEJÌPpXQT\ÒINKEJ XQT\ÒINKEJ

.QV 6CNGT %NCWUVJCN /CTKGPITQUEJGP CNNG /ÒP\UV·VVG %NCWUVJCN /CTKGPITQ UEJGP Z Z CNNG /ÒP\UV·VVG %NCWUVJCN /CTKGPITQUEJGP CNNG /ÒP\UV·VVG <GNNGTHGNF %NCWUVJCN &C\W CNU )GQTI + -ÌPKI XQP )TQDTKVCPPKGP /CTKGPITQUEJGP %NCWUVJCN 5VÒEM 5GJT UEJÌP WPF DGUUGT

CNU )GQTI + -ÌPKI XQP )TQDTKVCPPKGP 6CNGT %NCWUVJCN 2T·IWPI QJPG FGP 6KVGN -ÌPKI XQP )TQDTKVCPPKGP 9GNVGT 44 #VVTCMVKXG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

314

3357

3358

4GKEJUVCNGT <GNNGTHGNF &CX 9GNVGT 6CNGT <GNNGTHGNF 9GNVGT

3358

4 #VVTCMVKXG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ 8QP ITQGT 5GNVGPJGKV 5GJT UEJÌP

3359

3360

4GKEJUVCNGT %NCWUVJCN #WUDGWVG FGT *CT\GT )TWDGP /KV 4CPFUEJTKHV Ë &#5 Ë .#0& Ë &+' Ë (47%*6' Ë $4+0)6 Ë +/ Ë *#46< Ë &'4 Ë 6*#.'4 Ë -.+0)6 &CX /ÒUGNGT D 9GNVGT 44 (GKP \CRQPKGTV UGJT UEJÌP

6CNGT %NCWUVJCN #WUDGWVG FGT )TWDG 5V #PFTGCU /ÒUGNGT 9GNVGT 4 5GJT UEJÌP

3361

3362

3363

4GKEJUVCNGT <GNNGTHGNF &CX 9GNVGT

4GKEJUVCNGT %NCWUVJCN #WUDGWVG FGT )TWDG 5V #PFTGCU &CX /ÒUGNGT 9GNVGT 5GJT UEJÌPpXQT\ÒINKEJ

*ÒDUEJG 2CVKPC HCUV XQT\ÒINKEJ

4GKEJUVCNGT <GNNGTHGNF &CX 9GNVGT

5GJT UEJÌPpXQT\ÒINKEJ

315

3365

3364

6CNGT %NCWUVJCN &CX 9GNVGT 5GJT UEJÌP 4GKEJUVCNGT %NCWUVJCN 9GNVGT 4 *GTTNKEJG 2CVKPC YKP\ -TCV\GT UGJT UEJÌPpXQT\ÒINKEJ

3366

3368

3367

)GQTI ++ 4GKEJUVCNGT <GNNGTHGNF &CX 9GNVGT (GKPG 2CVKPC YKP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

4GKEJUVCNGT <GNNGTHGNF &CX 9GNVGT 5GNVGPGT ,CJTICPI 5EJÌPG 6ÌPWPI HCUV XQT\ÒINKEJ

5KNDGTOGFCKNNG XQP ' *CPPKDCN CWH FKG HGKGTNKEJG 'TÌHHPWPI FGT 7PKXGTUKV·V )ÌVVKPIGP )GJCT PKUEJVGU $TWUVDKNF N OKV .QTDGGTMTCP\ WPF WOIGNGIVGO /CPVGN 5KGDGP <GKNGP 5EJTKHV OO I $TQEMOCPP .CXGTTGP\ 4 2CVKPC 4CPFHGJNGT UGJT UEJÌP

&KG )GQTIKC #WIWUVC 7PKXGTUKV·V KP )ÌVVKPIGP YWTFG XQP )GQTI ++ IGUVKHVGV #O 5GRVGODGT GT HQNIVG FKG HGKGTNKEJG 'TÌHHPWPI PCEJFGO KO ,CJTG \WXQT FCU MCKUGTNKEJG 2TKXKNGIKWO GTVGKNV YQTFGP YCT -WTCVQT WPF .GKVGT FGT *QEJUEJWNG YWTFG )GTNCEJ #FQNRJ XQP /ÒPEJJCWUGP

3369

316

5KNDGTOGFCKNNG XQP ' *CPPKDCN CWH FKG HGKGTNKEJG 'TÌHHPWPI FGT 7PKXGTUKV·V )ÌVVKPIGP )GJCT PKUEJVGU $TWUVDKNF N OKV .QTDGGTMTCP\ WPF WOIGNGIVGO /CPVGN /KPGTXC OKV 5VCD WPF )ÌVVKPIC OKV 4WFGT WPF (ÒNNJQTP TGKEJGP UKEJ FKG *·PFG ÒDGT #NVCT OKV $WEJ OO I $TQEMOCPP .CXGTTGP\ 9KP\ 5VGORGNHGJNGT CO 4CPF UGJT UEJÌP

3371

3370

5KNDGTOGFCKNNG XQP ' *CPPKDCN CWH FKG HGKGTNKEJG 'TÌHHPWPI FGT 7PKXGTUKV·V )ÌVVKPIGP $ÒUVG N OKV .QTDGGTMTCP\ $CWO OKV (TÒEJVGP KO *KPVGTITWPF .CPFUEJCHV OO I $TQEMOCPP .CXGTTGP\ 4 6WUEJGTGUVG HGKPG 2CVKPC HCUV XQT\ÒINKEJ

5EJKNNKPI %NCWUVJCN HÒT FCU *GT\QIVWO .CWGPDWTI 9GNVGT 5GNVGP KP FKGUGT 'TJCNVWPI (GKPG 2CVKPC OKP 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

3372

3373

3375

3374

6CNGT %NCWUVJCN &CX 9GNVGT 8QP ITÌVGT 5GNVGPJGKV #VVTCMVKXG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

4GKEJUVCNGT <GNNGTHGNF #WUDGWVG FGT )TWDG .CWVGPVJCNU )NÒEM &CX /ÒUGNGT 9GNVGT (GKP \CRQPKGTV XQT\ÒINKEJ

6CNGT %NCWUVJCN &CX 9GNVGT

4GKEJUVCNGT <GNNGTHGNF #WUDGWVG FGT )TWDG 9GKGT 5EJYCP &CX /ÒUGNGT 9GNVGT 5GJT UGNVGPGT ,CJTICPI (GKP \CRQPKGTV XQT\ÒINKEJ

3376

4 #VVTCMVKXG 2CVKPC UGJT UEJÌP

3377

4GKEJUVCNGT <GNNGTHGNF #WUDGWVG FGT )TWDG 4GIGPDQIGP &CX /ÒUGNGT 9GNVGT (GKP \CRQPKGTV YKP\ 5EJTÌVNKPIUHGJNGT YKP\ 2T·IGUEJY·EJG XQT\ÒINKEJ

4GKEJUVCNGT <GNNGTHGNF #WUDGWVG FGT )TWDG 4GIGPDQIGP &CX /ÒUGNGT 9GNVGT 9KP\ 5EJTÌVNKPIUHGJNGT MN 2T·IGUEJY·EJG UGJT UEJÌP

317

3378

3379

4GKEJUVCNGT <GNNGTHGNF #WUDGWVG FGT )TWDG *GT\QI #WIWUV (TKGFTKEJ $NG[HGNF &CX /Ã&#x2019; UGNGT 9GNVGT 2TCEJVGZGORNCT (GKP \CRQPKGTV XQT\Ã&#x2019;INKEJ

4GKEJUVCNGT <GNNGTHGNF #WUDGWVG FGT )TWDG )Ã&#x2019;VG FGU *GTTP &CX /Ã&#x2019;UGNGT 9GNVGT (GKP \CRQPKGTV XQT\Ã&#x2019;INKEJ

3380

3381

4GKEJUVCNGT %NCWUVJCN #WUDGWVG FGT )TWDG 5V #PFTGCU &CX /Ã&#x2019;UGNGT 9GNVGT 2TCEJVGZGORNCT 9KP\ 2TÂ·IGUEJYÂ·EJG HCUV 5VGORGNINCP\

)GQTI +++ 4GKEJUVCNGT %NCWUVJCN #WUDGWVG FGT )TWDG 5V #PFTGCU &CX /Ã&#x2019;UGNGT 9GNVGT /KP LWUVKGTV XQT\Ã&#x2019;INKEJp5VGORGNINCP\

3382

4GKEJUVCNGT <GNNGTHGNF #WUDGWVG FGT )TWDG 5GIGP )QVVGU &CX /Ã&#x2019;UGNGT 9GNVGT 4 (GKP \CRQPKGTV XQT\Ã&#x2019;INKEJ

3383

3384

6CNGT %NCWUVJCN (GKPUKNDGT #WUDGWVG FGT )TWDG 5V #PFTGCU /Ã&#x2019;UGNGT 9GNVGT 0CEJVTCI *Ã&#x2019;DUEJG 2CVKPC XQT\Ã&#x2019;INKEJp5VGORGNINCP\

)GQTI +8 )WVG )TQUEJGP #-5 , C

318

8QT\Ã&#x2019;INKEJp5VGORGNINCP\

3385

3386

)WVG )TQUEJGP #-5 , J

8QT\ÒINKEJ

-QPX 6CNGT #WUDGWVG FGT )TWDG $GTIYGTMU 9QJNHCJTV 8CTKCPVG OKV ITQGT ,CJTGU\CJN WPF TWPFGT #-5 #PO &CX #PO -CJPV #PO 6JWP #PO 44 /KP LWUVKGTV XQT\ÒINKEJ

3387

9KNJGNO +8 6CNGT # 8CTKCPVG OKV 4KPIRT·IWPI WPF 2GTNMTGKU #-5 #PO , 44 *GTTNKEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

3388

3390

'TPUV #WIWUV 6CNGT # )NÒEM CWH /ÒP\DGUWEJ KP %NCWUVJCN #-5 &CX -CJPV 6JWP 9KP\ 4CPFHGJNGT XQT\ÒINKEJ

6CNGT # #-5 ,

6CNGT 5 CWH FKG 8GTO·JNWPI )GQTIU -TQPRTKP\ XQP *CPPQXGT OKV /CTKG *GT\QIKP XQP 5CEJUGP #NVGPDWTI #-5 &CX -CJPV 6JWP 0WT 'ZGORNCTG IGRT·IV -N -TCV\GT XQT\ÒINKEJ

5GJT UEJÌP

6CNGT # #-5 &CX -CJPV 6JWP

3392

5GJT UEJÌP

2TCEJVGZGORNCT (CUV 5VGORGNINCP\

3393

6CNGT $ #-5 &CX -CJPV 6JWP

)GQTI 8 8GTGKPUVCNGT $ 7RUVCNUDQQO #-5 &CX -CJPV 6JWP 0WT 'ZGORNCTG IGRT·IV *ÒDUEJG 2CVKPC XQT\ÒINKEJ

.16 $4#705%*9'+) .ª0'$74)

$TCWPUEJYGKI 9QNHGPDÒVVGN 4WFQNH #WIWUV /CTKGPITQUEJGP 4WFQNH #WIWUV WPF #PVQP 7N TKEJ /CTKGPITQUEJGP Z $TCWPUEJYGKI .ÒPGDWTI %GNNG )GQTI 9KNJGNO )WVG )TQUEJGP $TCWPUEJYGKI %CNGPDGTI *CPPQXGT 'TPUV #WIWUV /CTKGPITQUEJGP 6CNGT 5VÒEM /GKUV UGJT UEJÌP

319

3395

$4'/'0

56#&6

4GKEJUVCNGT OKV 6KVGN (GTFKPCPFU ++ I /10'6# 018# Û $4'/'05+5 4'+28$ < d 5EJNÒUUGN ('4&+0#0&85 ++ Û & ) Û 41/ +/2 Û 5'/2 #8)856 )GMTÌPVGT &QR RGNCFNGT CWH FGT $TWUV 4GKEJUCRHGN &CX ,WPIM 8QP ITQGT 5GNVGPJGKV *GTTNKEJG 2CVKPC NGKEJV LWUVKGTV HCUV XQT\ÒINKEJ

)TQVG OKV 6KVGN .GQRQNFU + ,WPIM &C\W -ÌNP 5VCFV 4GKEJUVCNGT OKV 6KVGN .GQRQNFU + 0QUU 5VÒEM 5EJÌPpUGJT UEJÌP WPF UGJT UEJÌP

3397

3398

4GKEJUVCNGT OKV 6KVGN -CTNU 8++ &CX ,WPIM (GKP \CRQPKGTV MN 5EJTÌVNKPIUHGJNGT CO 4CPF XQT\ÒINKEJ

6CNGT 'TÌHHPWPI FGT 0GWGP $ÌTUG #-5 &CX -CJPV 6JWP 0WT 'ZGORNCTG IGRT·IV (GKPG 2CVKPC XQT\ÒINKEJ

3400

3399

$4'5.#7

$+567/

,QJCPP XQP 6WT\Q )TQUEJGP (TKGFGPUDWTI )TQUEJGP (TKGFGPUDWTI

5GJT UEJÌP 4 5GJT UEJÌP

5GJT UEJÌP

*ÒDUEJG CNVG 2CVKPC (GNFGT OKP CNVIGIN·VVGV UGJT UEJÌP

3401 3402

)TQUEJGP (TKGFGPUDWTI

3402

56#&6 320

6CNGT &CX ( W 5

3405

3403

3406

4GKEJUVCNGT Q , OKV 6KVGN -CTNU 8+ 5EJWNRT·OKG &CX ( W 5 #VVTCMVKXG 2CVKPC XQT\ÒINKEJ

)TQG XGTIQNFGVG $TQP\GOGFCKNNG XQP 6 XQP )QUGP 2T·OKG HÒT *GNHGT DGK FGP &GWVUEJGP -CORHURKGNGP #FNGT FGP -QRH PCEJ N IGYCPFV WOJGT &CTUVGNNWPIGP XGTUEJKGFGPGT 5RQTVCTVGP /KV *GTUVGNNGTRWP\G CO 4CPF %#4. 21'..#6* 5%*41$'0*#75'0 OO 4 +P 'VWK 8QT\ÒINKEJ

)4#(5%*#(6

$4'6<'0*'+/

-CTN #WIWUV -QPX 6CNGT /CPPJGKO *CCU 5NI /GOOGUJ 8QT\ÒINKEJ

-CTN #WIWUV YCT GKP NGKDNKEJGT 5QJP XQP -CTN 6JGQFQT XQP 2HCN\ 5WN\DCEJ CWU FGT 'JG OKV ,QUGHKPG 5GKHGTV IGCFGNVG )T·HKP *GKFGEM 'T JGKTCVGVG /CTKC 9CNDWTIC (ÒTUVKP XQP ¤VVKPIGP 5RKGNDGTI GKPG *QHFCOG FGT -WTHÒTUVKP WPF UVCTD KP 9KGP

%148';

#$6'+

-CTN XQP $NKVVGTUFQTH 4GKEJUVCNGT $TCWPUEJYGKI &CX 9GKPI D (GKP \CRQPKGTV XQT\ÒINKEJ

3407

3409

3408

3410

&'765%*'4 14&'0 &'765%*'4 14&'0 +0 24'755'0

,CJTJWPFGTV *QJNRHGPPKI Q , I &TGK -TGW\G KPU &TGKGEM IGUVGNNV 0GWOCPP 9CUEJKPUMK 4 (WPFGZGORNCT UGJT UEJÌP

,CJTJWPFGTV *QJNRHGPPKI Q , I 4GEJVGEM KP FGT /KVVG FTGK -WIGNP PGDGPGKPCPFGT 0GW OCPP W 9CUEJKPUMK 4 2CVKPC HCUV XQT\ÒINKEJ

9[PTKEJ XQP -PKRTQFG 5EJKNNKPI Q , &CP\KI 0GWOCPP 8QNN \GPVTKGTV UGJT UEJÌPpXQT\ÒINKEJ

/KEJCGN -ÒEJOGKUVGT XQP 5VGTPDGTI 5EJKNNKPI Q , -ÌPKIUDGTI .CPIMTGW\UEJKNNKPI 0GWOCPP 5GNVGP KP FKGUGT 'TJCNVWPI 8QT\ÒINKEJGU 2TCEJVGZGORNCT

321

3411

3412

&'765%*'4 14&'0 +0 /'4)'06*'+/

%CTN #NGZCPFGT XQP .QVJTKPIGP -QPX 6CNGT 9GTVJGKO I )GJCTPKUEJVGU $TWUVDKNF T OKV WOIGNGIVGO /CPVGN WPF OKV 1TFGPUDCPF <YGK IGMTÌPVG #FNGT JCNVGP IGMTÌPVGP 9CR RGPUEJKNF &CX 0GWOCPP 4 (GKPG 2CVKPC MN 5EJTÌVNKPIUHGJNGT CO 4CPF XQT\ÒINKEJp5VGORGNINCP\

-QPX 6CNGT 9GTVJGKO &CX 0GWOCPP

4 (GKP \CRQPKGTV HCUV XQT\ÒINKEJ

3413

3415

3414

4'+%*5/ª0<56 66'

3414

&10#79¤46*

-QPTCF +8 $TCMVGCV I )GMTÌPVGU *ÒHVDKNF X X OKV .KNKG WPF (CNMG $GTIGT )GDJCTV 5VGKPJKNDGT 2TCEJVGZGORNCT #VVTCMVKXG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

56#&6

6CNGT OKV 6KVGN -CTNU 8 &CX )GDJCTV 6CNGT OKV 6KVGN -CTNU 8 )GDJCTV

/KP 5EJTÌVNKPIUHGJNGT UGJT UEJÌP 4 5GJT UEJÌP

3416

3417

4'+%*5/ª0<56 66'

*GKPTKEJ +++ &GPCT I *'+0 ': )GMTÌPVGT D·TVKIGT -QRH N /+06'10# -TGW\ OKV -WIGNP KP FGP 9KPMGNP $GTIJCWU +NKUEJ <YKUEJGP &QO WPF 4CVJCWU 5 #DD +NKUEJ <WT /ÒP\IGUEJKEJVG &WKUDWTIU WPF /KPFGPU KO ,CJTJWPFGTV $0( 5 5VCPIG

FQTV WPVGT /KPFGP 4 5GJT UEJÌP

$+567/ 322

&146/70&

'+%*56 66

5GFKUXCMCP\ -QPX 6CNGT 0ÒTPDGTI %CJP &CX <GRGTPKEM (GKP \CRQPKGTV XQT\ÒINKEJp5VGORGNINCP\

3418

3420

3419

-QPX 6CNGT 0ÒTPDGTI %CJP &CX <GRGTPKEM

5GJT UEJÌPpXQT\ÒINKEJ

,QJCPP #PVQP +++ XQP <GJOGP -QPX 6CNGT /ÒPEJGP %CJP &CX (GKP \CRQPKGTV UGJT UEJÌPpXQT\ÒINKEJ

5GFKUXCMCP\ &QRRGNVGT -QPX 6CNGT 0ÒTPDGTI I %CJP &CX <GRGTPKEM #VVTCMVKXG 2CVKPC YKP\ 4CPFHGJNGT XQT\ÒINKEJ

3421

56#&6

'+0$'%-

4GKEJUVCNGT OKV 6KVGN (GTFKPCPFU ++ /ÒP\OGKUVGT *CPU XQP FGT 'EMG $WEM D XCT &CX 5GNVGP DGUQPFGTU KP FKGUGT 'TJCNVWPI (GKPG 2CVKPC YKP\ 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJGU 'ZGORNCT

3422

(ª456241256'+

'..9#0)'0

#PVQP +IPC\ XQP (WIIGT )NÌVV -QPX 6CNGT -QDNGP\ &CX /C[GT (GKP \CRQPKGTV MN 4CPFXGTRT·IWPI OKP LWUVKGTV UGJT UEJÌP

323

3423

'4(746

56#&6

3424

4GKEJUVCNGT /KV CNEJKOKUVKUEJGP 5[ODQNGP \W FGP 5GKVGP FGU 9CRRGPU &CX .GKV\OCPP *ÒDUEJG 2CVKPC UGJT UEJÌP 4GKEJUVCNGT /KV CNEJKOKUVKUEJGP 5[ODQNGP \W FGP 5GKVGP FGT ,CJTGU\CJN &CX .GKV\ OCPP XCT *ÒDUEJG 2CVKPC YKP\ 5EJTÌVNKPIUHGJNGT CO 4CPF UGJT UEJÌPpXQT\ÒINKEJ

3425

3426

7PVGT 5EJYGFGP )WUVCX ++ #FQNH 4GKEJUVCNGT 2WTKOVCNGT #JNUVTÌO D &CX

D\Y .GKV\OCPP 2CVKPC UGJT UEJÌP 4GKEJUVCNGT *CNDGT 2WTKOVCNGT #DUEJNCI XQP FGP 5VGORGNP FGU 6CNGTU &KG ,CJTGU\CJN YWTFG KO 5VGORGN WOIGUEJPKVVGP I 5VTCJNGPFGT 0COG ,GJQXCU ÒDGT FTGK <GKNGP 5EJTKHV <GKNGP 5EJTKHV #JNUVTÌO \W FQTV XQP .GKV\OCPP 8QP ITQGT 5GNVGPJGKV 5GJT UEJÌP

3427

5KNDGTOGFCKNNG XQP 6J 5VQEMOCT CWH FKG ,CJTHGKGT FGT 7PKXGTUKV·V 'THWTV $TWUVDKNF FGU /CKP\GT -WTHÒTUVGP (TKGFTKEJ -CTN ,QUGRJ T OKV WOIGNGIVGO *GTOGNKPOCPVGN <GKNGP 5EJTKHV OO I .CXGTTGP\ .GKV\OCPP 4 4CPF WPF (GNFGT NGKEJV ÒDGTCTDGKVGV XQT\ÒINKEJ

3428

56#&6 324

'4.#0)'0

3429

-TGW\GT CWH FKG ,CJTHGKGT FGU $GUVGJGPU XQP 0GW 'TNCPIGP 5NI 9KNO FQTV CNU -QPX 6CNGT WPF KTTVÒONKEJ OKV 9GTV\CJN :. DGUEJTKGDGP 9KP\ -TCV\GT XQT\ÒINKEJ -TGW\GT CWH FKG ,CJTHGKGT FGU $GUVGJGPU XQP 0GW 'TNCPIGP 5NI 9KNO FQTV CNU -QPX 6CNGT WPF KTTVÒONKEJ OKV 9GTV\CJN :. DGUEJTKGDGP (GNFGT IGIN·VVGV UQPUV XQT\ÒINKEJ

3430

(4 0-+5%*'4 -4'+5

6CNGT 0ÒTPDGTI &CX -TWI C

3431

4'+%*5/ª0<56 66'

5GJT UEJÌP

3433

3432

(4#0-(746

(TKGFTKEJ ++ $TCMVGCV I $TWUVDKNF FGU -CKUGTU X X OKV .KNKG WPF 4GKEJUCRHGN ÒDGT $QIGP FCTWPVGT -WIGNMTGW\ $GTIGT *·XGTPKEM , W ( 5NI $QPJQHH FKGUGU 'ZGO RNCT 4 2CVKPC MN 5EJTÌVNKPIUTK UGJT UEJÌP

7O *·NDNKPI I -ÌPKI OKV -TQPG WPF \YGK 4GKEJU·RHGNP VJTQPV X X \W FGP 5GKVGP LG GKPG -WIGN $GTIGT *·XGTPKEM XCT 8QP ITQGT 5GNVGPJGKV 5GJT UEJÌP

56#&6

6WTPQUG Q , ,CJTJWPFGTV , W (

3434

5GJT UEJÌP

3435

3436

4GKEJUVCNGT OKV 6KVGN (GTFKPCPFU +++ &CX , W ( 4 -N 5EJTÌVNKPIUHGJNGT CO 4CPF UGJT UEJÌP

5KNDGTOGFCKNNG XQP %JT 9GTOWVJ IGYKFOGV HÒT FKG 2HNGIGT KO 9CKUGPJCWU #PUKEJV FGU 9CK UGPJCWUGU FCTÒDGT FGT IGMTÌPVG RTGWKUEJG #FNGT &KG RGTUQPKHK\KGTVG /KNFV·VKIMGKV ITGKHV OKV FGT 4GEJVGP PCEJ GKPGO CWU 9QNMGP MQOOGPFGP (ÒNNJQTP CWU FGO $NWOGP WPF (TÒEJVG CWH WPVGP UVGJGPFG -KPFGT HCNNGP OKV FGT .KPMGP XGTVGKNV UKG CP -KPFGT WPF #TOG -NGKFGT WPF )GNF OO I , W ( 9QJNHCJTV 5NI $TGVVCWGT FQTV KP <KPP 8QP ITQGT 5GNVGPJGKV 2TCEJVXQNNG 2CVKPC XQT\ÒINKEJGU 'ZGORNCT -QPX 6CNGT &CX , W ( C .GKEJV LWUVKGTV HCUV XQT\ÒINKEJ

325

3438

3437

-QPX 6CNGT , W ( D

5GJT UEJÌP

-QPX 6CNGT CWH FGP $TÒEMGPDCW DGK *CWUGP &CX , W ( (GKP \CRQPKGTV HCUV 5VGORGNINCP\

3439

3440

8GTGKPUFQRRGNVCNGT #-5 &CX -CJPV 6JWP 8QT\ÒINKEJ )WNFGP #-5 , 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC HCUV 5VGORGNINCP\

3441

3442

8GTGKPUVCNGT (ÒTUVGPVCI #-5 &CX -CJPV 6JWP (GKPG 2CVKPC HCUV 5VGORGNINCP\

8GTGKPUVCNGT #-5 &CX -CJPV 6JWP 5GNVGP KP FKGUGT 'TJCNVWPI 9KP\ -TCV\GT RQNKGTVG 2NCVVG

3444

3443

(ª456'067/ (4#0-(746

%CTN 6JGQFQT XQP &CNDGTI (ÒTUVRTKOCU FGU 4JGKPDWPFGU -QPX 6CNGT #-5 &CX -CJPV 6JWP (GKPG 2CVKPC MN 4CPFHGJNGT UGJT UEJÌP

-TGW\GT #-5 ,

326

5GJT UGNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT 5VGORGNINCP\

3445 3446

3446

(4'+$74)

56#&6

-TGW\GT I 8GT\KGTVGT 5VCFVUEJKNF FCTÒDGT 'PIGNUMQRH #FNGT N FCTÒDGT 9GTV\CJN $GTUVGVV XCT 8QP ITQGT 5GNVGPJGKV 8QT\ÒINKEJp5VGORGNINCP\

(4'+5+0)

$+567/

5GFKUXCMCP\ 5KNDGTOGFCKNNG WPUKIPKGTV <YGK 2QUVCOGPVG CWH FGO NKPMGP KUV FCU $TWUVDKNF XQP 5V -QTDKPKCP )TÒPFGT FGU $KUVWOU OKV *GKNKIGPUEJGKP -TWOOUVCD WPF $WEJ \W UGJGP CWH FGO TGEJVGP FCU IGMTÌPVG $TWUVDKNF 5KIKUOWPFU -ÌPKI XQP $WTIWPF OKV *GKNKIGPUEJGKP *CTPKUEJ <GRVGT WPF 4GKEJUCRHGN /CFQPPC OKV -KPF CWH /QPFUKEJGN KP 5VTCJNGPMTCP\ WOJGT FKG 9CRRGP XQP &QO JGTTGP OO I 5GNNKGT <GRGTPKEM *ÒDUEJG 2CVKPC YKP\ 4CPFHGJNGT XQT\ÒINKEJ

3447

4'+%*5$74)

3448

3449

(4+'&$'4)

,QJCPP /CTKC 4WFQNRJ XQP 9CNFDQVV $CUUGPJGKO -QPX 6CNGT &CX -CJPV 6JWP -N <CKPGPFG OKP LWUVKGTV XQT\ÒINKEJ

(ª456'067/

(ª456'0$'4)

,QUGRJ 9KNJGNO 'TPUV 4GKEJUVCNGT #WIUDWTI #WUDGWVG FGT )TWDG 5V ,QUGH \W 9KVVKEJGP &CX &QNNKPIGT /ÒUGNGT 4 (GKP \CRQPKGTV XQT\ÒINKEJ

-QPX 6CNGT /ÒPEJGP #WUDGWVG FGT )TWDG 5V 5QRJKC DGK 9KVVKEJGP KO -KP\KIVCN I )G JCTPKUEJVGU $TWUVDKNF T OKV *CNUDKPFG WOIGNGIVGO /CPVGN WPF FGT -GVVG FGU 1TFGPU XQO )QNFGPGP 8NKGU /KV FGO (ÒTUVGPJWV DGNGIVGU HÒTUVGPDGTIKUEJGU 9CRRGP CWH -CTVWUEJG WOJGT FKG -GVVG FGU 1TFGPU XQO )QNFGPGP 8NKGU &CX &QNNKPIGT /ÒUGNGT 4 0WT 'ZGORNCTG IGRT·IV 2TCEJVGZGORNCT (GKP \CRQPKGTV HCUV 5VGORGNINCP\ &KG 5VGORGN \W FGO XQTNKGIGPFGP 5VÒEM YWTFGP XQP FGO MWTHÒTUVNKEJ DC[GTKUEJGP /GFCKNNGWT ( # 5EJGIC KP /ÒP EJGP IGUEJPKVVGP

327

3450

3451

,QUGRJ 9GP\GN -QPX 6CNGT 5VWVVICTV #WUDGWVG FGT )TWDG 5V 9GP\GUNCWU DGK 9QN HCEJ I )GJCTPKUEJVGU $TWUVDKNF T CO #TOCDUEJPKVV # Û 4 Û 9 Û #FCO 4WFQNRJ 9GTPGT 5VGO RGNUEJPGKFGT KP 5VWVVICTV $GTIYGTMUNCPFUEJCHV KO 8QTFGTITWPF T UVGJV 5V 9GP\GN OKV -TQPG *CTPKUEJ WPF WOIGNGIVGO /CPVGN FKG 4GEJVG CWH FCU (ÒTUVGPDGTIGT 9CRRGP IGNGIV 8CTKCPVG OKV WPIGUEJWRRVGO 2CP\GT &CX &QNNKPIGT /ÒUGNGT C 4 2TCEJVGZGORNCT (GKP \CRQPKGTV HCUV 5VGORGNINCP\

,QUGRJ /CTKC $GPGFKEV -QPX 6CNGT 5VWVVICTV #WUDGWVG FGT )TWDG (TKGFTKEJ %JTK UVKCP DGK 5EJCRDCEJ &CX &QNNKPIGT /ÒUGNGT 4 0WT 'ZGORNCTG IGRT·IV (GKP \CRQPKGTV YKP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

&KG 5VGORGN \W FGO XQTNKGIGPFGP 5VÒEM YWTFGP XQP FGO MWTRH·N\KUEJGP /GFCKNNGWT , * $QNVUEJCWUGT KP /CPPJGKO IGUEJPKVVGP &KG 7OUEJTKHV FGT 8QTFGTUGKVG +15 GRJ / CTKC $ GPGFKEV (7456 <7 (7456'0$'4) . CPFITCH + P & GT $ CCT 7 PF < W 56 ÒJNKPIGP * GTT < W *#75'0 + O -+0< KIGT 6*#. IKDV FGO <GKVIGKUV GPVURTGEJGPF UGKPG XQNNUV·PFKIG 6KVWNCVWT YKGFGT &KG YGJGPFG (CJPG CWH FGO 9GVVGTUEJCEJV FGT 4ÒEMUGKVG UQNN PCEJ FGO 8QTDKNF FGU *CT\GU WPF UGKPGT $GTIVCNGT CPFGWVGP FC FKG )TWDG KP #WUDGWVG UVGJV

3452

(ª46*

56#&6

$TQP\GOGFCKNNG 9GTMUVCVV .CWGT CWH FKG ,CJTHGKGT FGT .QIG <WT 9CJTJGKV WPF (TGWPF UEJCHV <YGK YGKDNKEJG )GUVCNVGP UKV\GP PGDGPGKPCPFGT X X WPF TGKEJGP GKPCPFGT FKG NKPMG *CPF #PUKEJV FGU .QIGPIGD·WFGU OO *<% /CVVKGTV 5VGORGNINCP\

3453 3454

#$6'+ 5'+6 $+567/

3454

(7.&#

*GKPTKEJ 8+++ XQP $KDTC -QPX 6CNGT CWH UGKPGP 6QF $WEJQPKC (CUV 5VGORGNINCP\

5GFKUXCMCP\ -QPX 6CNGT $WEJQPKC +++ 5 &CX <GRGTPKEM (GKPG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

328

3455

#FCNDGTV +++ XQP *CTUVCNN -QPX 6CNGT (WNFC -QPVTKDWVKQP $WEJQPKC &CX 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC HCUV 5VGORGNINCP\

3458

4'+%*5/ª0<56 66'

3457

3456

3458

)15.#4

,CJTJWPFGTV $TCMVGCV I -QRH FGU #RQUVGN 5KOQP WPF -QRH FGU ,WFCU PGDGPGKPCPFGT X X QDGP 4KPIGN WPVGP .KNKG $GTIGT FQTV WPVGT (TKGFTKEJ + 5NI $QPJQHH -T·HVKIG 2CVKPC MN 2T·IGUEJY·EJG XQT\ÒINKEJ

56#&6

/CVVJKCURHGPPKI Q , $WEM $ÒVVPGT -NWIG *ÒDUEJG 2CVKPC MN 5EJTÌVNKPIUHGJNGT CO 4CPF XQT\ÒINKEJ )WVG )TQUEJGP 6CNGT $WEM $ÒVVPGT -NWIG # C &CX (CUV XQT\ÒINKEJ

3459

3460

)WVG )TQUEJGP 6CNGT $WEM $ÒVVPGT -NWIG $ C &CX

5GJT UEJÌP

/CTKGPITQUEJGP 6CNGT $WEM $ÒVVPGT -NWIG &CX -N 5VGORGNHGJNGT CO 4CPF UGJT UEJÌP

3461

4GKEJUVCNGT OKV 6KVGN ,QUGHU + $WEM $ÒVVPGT -NWIG # C &CX 4 *GPMGNURWT (GNFGT NGKEJV IGIN·VVGV UGJT UEJÌP

329

*#.$'456#&6

$+567/

3465

3464

3463

3462

)GTQ XQP 5EJGTODMG $TCMVGCV I &GT JGKNKIG 5VGRJCP NKGIV XQP PGWP 5VGKPGP DGFGEMV WPVGT GKPGO DGUEJTKHVGVGP $QIGP FCTÒDGT JCNVGP \YGK 'PIGN GKP /GFCKNNQP FGU *GKNKIGP $GTIGT $GUUGT $T·OGT $ÒTIGT *ÒDUEJG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

$TCMVGCV I &GT JGKNKIG 5VGRJCP OKV CWUIGDTGKVGVGO /CPKRGN UKV\V X X CWH GKPGO (CNVUVWJN OKV 6KGTMÌRHGP $GTIGT $GUUGT $T·OGT $ÒTIGT *KPVGTMNGDVGU 'ZGORNCT *GTTNKEJG 2CVKPC 5EJTÌVNKPIUTKUUG XQT\ÒINKEJ

$TCMVGCV *CNDGTUVCFV I $ÒUVG FGU JGKNKIGP 5VGRJCP X X \YKUEJGP FTGK 5VGKPGP WPF 5VGTP $GTIGT $GUUGT $T·OGT $ÒTIGT *ÒDUEJG 2CVKPC HCUV XQT\ÒINKEJ

&QOMCRKVGN 6CNGT )TQUEJGP OKV 6KVGN XQP /CVVJKCU $GUUGT $T·OGT $ÒTIGT <GRGT PKEM (CUV XQT\ÒINKEJ

3467 3466

3466

5KNDGTOGFCKNNG XQP # #DTCOUQP CWH FCU L·JTKIG ,WDKN·WO XQP 'TPUV .WFYKI (TGKJGTT 5RKGIGN \WO &GUGPDGTI CNU &QOJGTT XQP *CNDGTUVCFV $TWUVDKNF N OKV WOIGNGIVGO /CPVGN &QOMTGW\ WPF 5V 5VGRJCPUQTFGP <GKNGP 5EJTKHV OO I *QHHOCPP <GRGTPKEM (GKPG 2CVKPC OKP -TCV\GT XQT\ÒINKEJ

'TPUV .WFYKI (TGKJGTT 5RKGIGN \WO &GUGPDGTI YCT GKP ITQGT 8GTGJTGT (TKGFTKEJU FGU )TQGP XQP 2TGWGP 'T DGUWEJVG KJP J·WHKI CWH -TKGIUUEJCWRN·V\GP WPF HGKGTVG FGUUGP 5KGIG KP *CNDGTUVCFV WPF CWH FGP 5RKGIGNDGTIGP &GT 5V 5VGRJCPUQTFGP FGP 'TPUV .WFYKI CWH FGT 8QTFGTUGKVGPFCTUVGNNWPI VT·IV KUV XQP -ÌPKI (TKGFTKEJ ++ HÒT FKG *CN DGTUV·FVGT &QOJGTTGP IGUVKHVGV YQTFGP 'U JCPFGNV UKEJ FCDGK WO GKP -TGW\ FCU CWH FGT GKPGP 5GKVG FGP 5EJYCT\GP #FNGT OKV CWUIGDTGKVGVGP (NÒIGNP CWH FGT CPFGTGP FCU -TGW\ FGU *CNDGTUV·FVGT &QORCVTQPU \GKIV

56#&6

9GKRHGPPKI Q , XQP 2HCN\ <YGKDTÒEMGP 8GNFGP\ .WFYKI + FGT 5EJYCT\G /ÒP\UV·VVG 8GNFGP\ OKV )GIGPUVGORGN XQP *CNDGTUVCFV CWH FGT 8QTFGTUGKVG h $GUUGT $T·OGT $ÒTIGT FQTV HCNUEJG #DDKNFWPI -TWU[ * L 5NI /GOOGUJ XIN 5NI 0QUU ++ 4 5EJÌPG 2CVKPC UGJT UEJÌP

3469

3468

56#&6 330

*#/$74)

6CNGT IGRT·IV )CGF 44 #VVTCMVKXGU IWV CWUIGRT·IVGU 'ZGORNCT 5GJT UEJÌP &QRRGNUEJKNNKPI )CGF (GKPG 6ÌPWPI UGJT UEJÌPpXQT\ÒINKEJ

3471

3470

3472

HCEJGT 5EJCWVCNGT Q , I &CX XIN )CGF XIN D #NU HCEJGT 5EJCWVCNGT WPGFKGTV (GNFGT NGKEJV IGIN·VVGV UGJT UEJÌP

4GKEJUVCNGT OKV 6KVGN 4WFQNHU ++ &CX )CGF ªDGTFWTEJUEJPKVVNKEJ GTJCNVGP 8QT\ÒINKEJ

4GKEJUVCNGT OKV 6KVGN (GTFKPCPFU ++ &CX )CGF D 5GNVGP KP FKGUGT 'TJCNVWPI *ÒDUEJG 2CVKPC YKP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

3473

&QRRGNVGT 5EJCWVCNGT Q , XQP /CVJKCU (TGWFG CWH FKG 6TCWWPI WPF *QEJ\GKV KP -CPCC %JTKUVWU UGIPGV GKP $TCWVRCCT FCU UKEJ FKG *·PFG TGKEJV %JTKUVWU WPF /CTKC UKV\GP OKV FGO $TCWVRCCT CP GKPGO 6KUEJ T -GNNGTOGKUVGT OKV GTJQDGPGO )NCU KO 8QTFGTITWPF -TÒIG )CGF ++ 5 XCT HCEJ WPF +++ XCT OO I (GNFGT GVYCU DGTKGDGP UGJT UEJÌPpXQT\ÒINKEJ

331

3474

&TGKHCEJGT 5EJCWVCNGT Q , XQP /CVJKCU (TGWFG CWH FKG 6TCWWPI WPF *QEJ\GKV KP -CPCC I %JTKUVWU UGIPGV GKP $TCWVRCCT FCU UKEJ FKG *·PFG TGKEJV %JTKUVWU WPF /CTKC UKV\GP OKV FGO $TCWVRCCT CP GKPGO 6KUEJ T -GNNGTOGKUVGT OKV GTJQDGPGO )NCU CO $QFGP -TÒIG KO 8QTFGTITWPF *WPF T )CGF XIN 4 (GNFGT CNV IGUVKEJGNV UGJT UEJÌP

3475

&QRRGNVGT 5EJCWVCNGT Q , I &KG )GDWTV %JTKUVK &KG 6CWHG KO ,QTFCP )CGF

\W HH 8QT\ÒINKEJGU 'ZGORNCT

3476

332

&QRRGNVGT 5EJCWVCNGT Q , XQP /CVJKCU (TGWFG CWH FKG 8GTMÒPFKIWPI WPF FKG )GDWTV %JTKUVK 'KP GKPVTGVGPFGT *KTVG \KGJV FGP *WV XQT FGT -TKRRG OKV FGO %JTKUVWUMKPF WOJGT /CTKC WPF ,QUGRJ GKP 'UGN WPF GKP 1EJUG ,WPIHTCW UKV\V CWH *KOOGNDGVV IGIGPÒDGT UVGJV GKP 'PIGN OKV .KNKG KP FGT .KPMGP OKV FGT 4GEJVGP FGWVGV GT CWH GKPG 6CWDG KP 5VTCJNGPMTCP\ KP FGT /KVVG GKPG 8CUG OKV .K NKGP OO I )CGF 8QT\ÒINKEJGU 'ZGORNCT

3477

3478

5EJCWVCNGT Q , XQP /CVJKCU (TGWFG CWH FKG 8GTMÒPFKIWPI WPF FKG )GDWTV %JTKUVK &KG -TKRRG OKV FGO %JTKUVWUMKPF WOJGT /CTKC WPF ,QUGRJ GKP 'UGN WPF GKP 1EJUG ,WPIHTCW UKV\V CWH *KOOGNDGVV IGIGPÒDGT UVGJV GKP 'PIGN OKV .KNKG KP FGT .KPMGP OKV FGT 4GEJVGP FGWVGV GT CWH GKPG 6CWDG KP 5VTCJNGPMTCP\ KP FGT /KVVG GKPG 8CUG OKV .KNKGP OO I )CGF 5GJT UEJÌP

4GKEJUVCNGT OKV 6KVGN (GTFKPCPFU +++ &CX )CGF 4 5EJTÌVNKPIUTK CO 4CPF UGJT UEJÌP

3480

3478

3479

3481

5KNDGTOGFCKNNG XQP 5 &CFNGT 5KNDGTPGT $CPM 2QTVWICNGUGT * % 84$5 686# &'+ %.;2'1 2416'%6# /#0'$+6 Û 5VCFVCPUKEJV OKV XKGNGP 5EJKHHGP CWH FGT 'NDG QDGP 5VCFVYCRRGP FCTÒDGT JCNVGP \YGK *·PFG CWU 9QNMGP GKPGP 5EJKNF OKV FGO 0COGP ,GJQXCU 2#: /#4' 2#: 6'44#/ 2#: 84$'5 2#: $'#6#)415 Û &GT RGTUQPKHK\KGTVG (TKGFG UEJYGDV ÒDGT FGT 'NDG WPF NGGTV \YGK (ÒNNJÌTPGT OO I )CGF +++ 9KGEGM 8QT\ÒINKEJ 4GKEJUVCNGT OKV 6KVGN .GQRQNFU + &CX )CGF *ÒDUEJG 2CVKPC UGJT UEJÌP 4GKEJUVCNGT CWH FKG ,CJTHGKGT FGT 4GHQTOCVKQP &CX )CGF 5NI 9JKVKPI 4 5GJT UEJÌP

333

3482

3484

3483

4GKEJUVCNGT OKV 6KVGN -CTNU 8+ CWH FKG ,CJTHGKGT FGT ªDGTICDG FGT #WIUDWTIGT -QPHGUUKQP &CX )CGF 5NI 9JKVKPI (GKP \CRQPKGTV MN 5EJTÌVNKPIUHGJNGT HCUV 5VGORGNINCP\

4GKEJUVCNGT OKV 6KVGN -CTNU 8+ CWH FKG ,CJTHGKGT FGT ªDGTICDG FGT #WIUDWTIGT -QPHGUUKQP &CX )CGF 5NI 9JKVKPI *ÒDUEJG 2CVKPC UGJT UEJÌP

5KNDGTOGFCKNNG WPUKIPKGTV XQP # #DTCOUQP CWH FKG ,CJTHGKGT FGT 5VCFV &TGK MNGKPG *·W UGT CO 7HGT FGT 'NDG KO 8QTFGTITWPF GKPKIG (KUEJGTDQQVG #PUKEJV FGT DGHGUVKIVGP 5VCFV FCXQT FKG 'NDG OKV OGJTGTGP 5GIGNUEJKHHGP OO I )CGF *QHHOCPP 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC 5VGORGNINCP\

3485

3487

5EJKNNKPI #-5 , C

5KNDGTOGFCKNNG XQP * ( $TCPFV CWH FCU L·JTKIG $GUVGJGP FGU $CPMKPUVKVWVU *COOQPKC UVGJV JCNDN OKV /CWGTMTQPG WPF 4GIKGTWPIUUVCD WPF IKGV CWH FGP #NVCT FGU 8CVGTNCPFGU GKPG 1RHGTUEJCNG CWU &GT 'KPICPI FGU $CPMIGD·WFGU OO I )CGF + 5 .GJPGTV 5KNDGTOGFCKNNG XQP % 2HGWHHGT CWH FCU PGW GTDCWVG -TCPMGPJCWU *COOQPKC UKV\V T OKV /CWGTMTQPG FGP TGEJVGP #TO CWH FGP 5VCFVUEJKNF IGNGJPV WPF FGWVGV OKV GKPGO ¤N\YGKI KP FGT .KPMGP CWH FCU PGW GTDCWVG -TCPMGP JCWU #PUKEJV FGT 4WKPG FGU KO ,CJT XQP FGP (TCP\QUGP PKGFGTIGDTCPPVGP -TCPMGPJQHGU XQT FGO /KNNGTPVQT OO I 5QOOGT 2 )CGF + 5 5VÒEM 5GJT UEJÌPpXQT\ÒINKEJ

5KNDGTOGFCKNNG XQP ' 9GKICPF CWH FKG 8GTGKPKIWPI *CODWTIU OKV FGO <QNNIGDKGV FGU &GWVUEJGP 4GKEJGU $TWUVDKNFGT FGT *CODWTIGT $ÒTIGTOGKUVGT 8GTUOCPP WPF 2GVGTUGP PGDGPGKPCPFGT T #PUKEJV FGT <QNNIGD·WFG WPF FGU *CHGPU QDGP IGMTÌPVGU 5VCFVYCRRGP XQP \YGK .ÌYGP IGJCNVGP OO I )CGF 5QOOGT 9 8QT\ÒINKEJp5VGORGNINCP\

334

*ÒDUEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

3488

3489

3491

3490

56#&6

*#/'.0

6CNGT )TQUEJGP OKV 6KVGN 4WFQNHU ++ -CNXGNCIG 5EJTQEM D J 6CNGT )TQUEJGP OKV 6KVGN XQP /CVVJKCU -CNXGNCIG 5EJTQEM C

6TCIDCTG 9CVGTNQQ /GFCKNNG 5VGORGNUEJPGKFGT 9 9;10 5KNDGT OKV /KV 4CPFRT·IWPI m 51.&#6 #7)756 $1'-' .#0&9'*4 $#6#+..10 *#/'.0 'KUGP\CTIG WPF 4KPI CO $CPF (KPMCO )WUQXKWU 5 *W5 -NGPCW 0KOOGTIWV 1'- 6JKGU +++

56#&6

5GJT UEJÌPpXQT\ÒINKEJ 5GJT UEJÌPpXQT\ÒINKEJ

*#//

-W 2HGPPKI -GPPGRQJN

(CUV XQT\ÒINKEJ

3492

*#0#7 *#0#7 .+%*6'0$'4) )4#(5%*#(6

,QJCPP 4GKPJCTF 4GKEJUVCNGT 9ÌTVJ ! I )GJCTPKUEJVGU $TWUVDKNF T #P FGP 5GKVGP XGT\KGTVGU XKGTHGNFKIGU 9CRRGP OKV /KVVGNUEJKNF FCTÒDGT ,CJTGU\CJN \YKUEJGP \YGK 4QUGVVGP &CX 5WEJKGT 44 (GNF FGT 8QTFGTUGKVG NGKEJV ÒDGTCTDGKVGV UGJT UEJÌP

3493

*#0#7 /ª0<'0$'4) )4#(5%*#(6

2JKNKRR 4GKPJCTF HCEJGT 5EJCWVCNGT CWH UGKPG 8GTO·JNWPI OKV %JCTNQVVG 9KN JGNOKPG XQP 5CEJUGP 5CCNHGNF 6QEJVGT FGU *GT\QIU ,QJCPP 'TPUV I $GKFGT $TWUVDKNFGT GKPCPFGT IGIGPÒDGT (NKGIGPFGT 5EJYCP J·NV FKG DGMT·P\VGP 9CRRGPUEJKNFG XQP *CPCW WPF 5CEJUGP ÒDGT 5VCFVCPUKEJV XQP *CPCW )TCUUGT 5WEJKGT 44 (CUV XQT\ÒINKEJ 335

3494

3495

3496

*#4<

6CWHVCNGT Q , 6CWHG KO ,QTFCP 5EJTKHV -CVUQWTQU

6CWHVCNGT Q , '2* <GNNGTHGNF /ÒP\OGKUVGT 'TPUV 2GVGT *GEJV 6CWHG KO ,QTFCP 5EJTKHV -CVUQWTQU 2TCEJVXQNNG 2CVKPC YKP\ 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJGU 'ZGORNCT

*ÒDUEJG 2CVKPC HCUV XQT\ÒINKEJ

6CWHVCNGT +$* <GNNGTHGNF /ÒP\OGKUVGT ,QJCPP $GPLCOKP *GEJV 6CWHG KO ,QTFCP 5EJTKHV -CVUQWTQU 5GJT UEJÌP

3497

6CWHVCNGT +$* <GNNGTHGNF /ÒP\OGKUVGT ,QJCPP $GPLCOKP *GEJV -CVUQWTQU (GKPG 2CVKPC XQT\ÒINKEJ

3498

1,5:1

*'00'$'4) )4#(5%*#(6

3499

1,5:1

*'00'$'4)

9KNJGNO +8 'KPUGKVKIGT 2HGPPKI Q , 5EJNGWUKPIGP *GWU 8QP ITQGT 5GNVGPJGKV 5GJT UEJÌP

9KNJGNO 8 'KPUGKVKIGT *GNNGT Q , 5EJNGWUKPIGP QFGT +NOGPCW *GWU 5GJT UEJÌP

336

3500

3501

#PVGKN 5CEJUGP )QVJC WPF 9GKOCT 6CNGT +NOGPCW #WUDGWVG FGT )TWDGP KP +NOGPCW /KV )GIGPUVGORGN XQP -ÌNP CWH FGT 4ÒEMUGKVG <WI &CX & /ÒUGNGT (CUV UGJT UEJÌP

4GKEJUVCNGT +NOGPCW #WUDGWVG FGT )TWDGP KP +NOGPCW &CX /ÒUGNGT (GKP \CRQPKGTV MN 5VGORGNHGJNGT CO 4CPF UGJT UEJÌP

3502

3504

3503

4GKEJUVCNGT +NOGPCW #WUDGWVG FGT )TWDGP KP +NOGPCW &CX /ÒUGNGT D <CRQPKGTV MN *GPMGNURWT UGJT UEJÌPpXQT\ÒINKEJ

4GKEJUVCNGT +NOGPCW #WUDGWVG FGT )TWDGP KP +NOGPCW &CX /ÒUGNGT (GKP \CRQPKGTV UGJT UEJÌPpXQT\ÒINKEJ

4GKEJUVCNGT +NOGPCW #WUDGWVG FGT )TWDGP KP +NOGPCW &CX /ÒUGNGT 44 5GJT UEJÌP

3506

3505

#$6'+

*GKPTKEJ +++ XQP 'TVJCN $TCMVGCV *GTTGPDTGKVWPIGP I $ÒUVG FGU #DVGU X X OKV -TWOOUVCD WPF $CPPGT WPVGT &TGKDQIGP FCTCWH FTGKVÒTOKIGU )GD·WFG $GTIGT 5NI $QPJQHH 5NI .ÌDDGEMG *ÒDUEJG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

*'55'0 .#0&)4#(5%*#(6

*'45('.&

*'55'0

.WFYKI + -TQPGPITQUEJGP -TQPKEJVGT )TQUEJGP Q , CD -CUUGN )TWRRG &C\W 2JKNKRR FGT )TQOÒVKIG 5EJÒUUGNRHGPPKI Q , -CUUGN 5EJÒV\ 5VÒEM 5GJT UEJÌP WPF UGJT UEJÌPpXQT\ÒINKEJ

337

3507

3508

3509

9KNJGNO + #NDWU 2GVGTUITQUEJGP Q , -CUUGN 5EJÒV\ -N 2T·IGUEJY·EJG UGJT UEJÌP

*'55'0 /#4$74) .#0&)4#(5%*#(6

.WFYKI +8 'KPUGKVKIGT *GNNGT 5EJÒUUGNJGNNGT TJGKPKUEJGT 2HGPPKI Q , )NCFGP DCEJ 5EJÒV\ 44 5GJT UEJÌP

&KG *GNNGT YWTFGP KO ,CJT PCEJ FGO /ÒP\TG\GUU FGT XKGT 4JGKPKUEJGP -WTHÒTUVGP IGRT·IV 5KG JCVVGP (QTO WPF #WUUGJGP FGT TJGKPKUEJGP 2HGPPKIG YCTGP PWT GVYCU MNGKPGT .WFYKI YWTFG IGVCFGNV WPF FC\W CPIGJCNVGP FKG 2T· IWPI GKP\WUVGNNGP QFGT FKG JGTIGDTCEJVG *GNNGTHQTO YKGFGT CP\WPGJOGP

*'55'0 -#55'. .#0&)4#(5%*#(6 5'+6 -74(ª456'067/

9KNJGNO +8 FGT 9GKUG &QRRGNCNDWU -CUUGN 5EJÒV\ 4 -N *GPMGNURWT UGJT UEJÌP

8GTIQNFGVG $TQP\GOGFCKNNG XGTOWVNKEJ XQP FGO CWU *QNNCPF UVCOOGPFGP 9 8GTPWMGP UGKV NCPFIT·HNKEJGT $KNFJCWGT KP -CUUGN )GJCTPKUEJVGU $TWUVDKNF T OKV *CNUMTCWUG 8KGTHGNFKIGU 9CRRGP OKV /KVVGNUEJKNF OO &C\W /QTKV\ 8GTIQNFGVG QXCNG $NGKOGFCKNNG $·TVKIGU $TWUVDKNF T OKV /CPVGN <YGK IGMTGW\VG 6WTPKGTNCP\GP KO QDGTGP 9KPMGN .CWDYGTM CNU 5KPPDKNF FGU .GDGPU KO WPVGTGP 9KPMGN 6QVGPINQEMG WPF 5VWPFGPINCU Z OO 5EJÒV\ 5VÒEM 5R·VGTG )ÒUUG 5GJT UEJÌP WPF *GPMGNURWT UEJÌPpUGJT UEJÌP

3512

3511

/QTKV\ 4GKEJUVCNGT -CUUGN &CX 5EJÒV\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

4GKEJUVCNGT -CUUGN &CX 5EJÒV\

#VVTCMVKXG 2CVKPC YKP\ 4CPFHGJNGT XQT\ÒINKEJ

3513

3514

9KNJGNO 8 4GKEJUVCNGT -CUUGN &CX 5EJÒV\

5GJT UEJÌPpXQT\ÒINKEJ

4GKEJUVCNGT -CUUGN 9GKFGPDCWOVCNGT &CX 5EJÒV\ 8QT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 6ÌPWPI

338

3515

3516

4GKEJUVCNGT -CUUGN CWH FGP 6QF UGKPGU 8CVGTU /QTKV\ &CX 5EJÒV\ (GKP \CRQPKGTV YKP\ 5EJTÌVNKPIUHGJNGT CO 4CPF UGJT UEJÌPpXQT\ÒINKEJ

4GKEJUVCNGT -CUUGN CWH FGP 6QF UGKPGU 8CVGTU /QTKV\ &CX 5EJÒV\ 5EJTÌVNKPIUHGJNGT CO 4CPF UGJT UEJÌP

3519

3517

4GKEJUVCNGT -CUUGN CWH UGKPGP 6QF 9GKFGPDCWOVCNGT &CX XCT 5EJÒV\ 4 #VVTCMVKXG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

.QV #NDWU -CUUGN *GNNGT -CUUGN 5EJÒV\ 5VÒEM 5GJT UEJÌP

9KNJGNO 8+ 4GKEJUVCNGT -CUUGN 9GKFGPDCWOVCNGT &CX 5EJÒV\ #VVTCMVKXG 2CVKPC UGJT UEJÌP

3520

3521

3522

3521 3522 1,5:1

4GKEJUVCNGT -CUUGN *CNDGT 9GKFGPDCWOVCNGT 5EJÒV\

4GKEJUVCNGT -CUUGN I 5EJKHHUVCNGT )GMTÌPVGU UGEJUHGNFKIGU 9CRRGP OKV /KVVGNUEJKNF \YK UEJGP FGT IGVGKNVGP ,CJTGU\CJN 5GIGNUEJKHH CWH /GGT FCTÒDGT 5·WNG $WEJ WPF 9CCIG WPVGT 9QNMGP &CX 5EJÒV\ 4 *GTTNKEJG 2CVKPC MN )TCHHKVK XQT\ÒINKEJ

44 2CVKPC UGJT UEJÌP

-CTN 'KPUGKVKIGT UEJÒUUGNHÌTOKIGT 2HGPPKI Q , -CUUGN HÒT FKG )TCHUEJCHV 5EJCWODWTI 5EJÒV\ 8QP ITQGT 5GNVGPJGKV 5GJT UEJÌP

339

3523

3524

5KNDGTOGFCKNNG XQP 2 $GTI CWH FGP 6QF UGKPGT 5EJYGUVGT %JCTNQVVG #OCNKC 6QEJVGT FGU .CPF ITCHGP 9KNJGNO 8+ XQP *GUUGP -CUUGN WPF )GOCJNKP %JTKUVKCPU 8 XQP &·PGOCTM $TWUVDKNF %JCTNQVVG #OCNKCU T FCXQT -CTVWUEJG OKV KJTGP .GDGPUFCVGP 5VGTPGPJKOOGN OKV \WPGJOGPFGO /QPF CO $QFGP GKP 2QUVCOGPV FCTCWH GKPG 6CHGN OKV GKPGO CDPGJOGPFGP /QPF FCJKPVGT <[RTGUUG OO I )CNUVGT 5EJÒV\ 5GJT UEJÌP

5KNDGTOGFCKNNG XQP ) 9 8GUVPGT CWH FKG -TÌPWPI UGKPGU 5QJPGU (TKGFTKEJ + \WO -ÌPKI XQP 5EJYGFGP $TWUVDKNFGT (TKGFTKEJU WPF UGKPGT )GOCJNKP 7NTKEC 'NGQPQTC XQP 2HCN\ <YGKDTÒEMGP PGDGP GKPCPFGT T 5WGEKC CNU 2CNNCU FCTIGUVGNNV OKV UEJYGFKUEJGO 9CRRGP MTÌPV FGP XQT KJT UVGJGPFGP (TKGFTKEJ + CNU /CTU FCTIGUVGNNV FGT FCU JGUUKUEJG 9CRRGP VT·IV OO I $GTPJGKOGT *KNFGDTCPF ++ 5 5EJÒV\ 4 (GKPG 2CVKPC XQT\ÒINKEJ

3525

3526

3527

4GKEJUVCNGT -CUUGN 5EJÒV\ #NDWU 6CNGT -CUUGN 5EJÒV\

5GJT UEJÌP 5GJT UEJÌP

8GTIQNFGVG 5KNDGTOGFCKNNG XQP ) .G %NGTM CWH FKG (GKGT UGKPGU L·JTKIGP 4GIKGTWPIULWDKN·WOU WPF FKG ,CJTHGKGT FGT 7PKXGTUKV·V /CTDWTI -QRH T .CPFGUIÌVVKP OKV 9CRRGP QRHGTV CP DTGPPGP FGO #NVCT OO I .CXGTTGP\ 5EJÒV\ 8GTIQNFGV XQT\ÒINKEJ

3528

3532

(TKGFTKEJ + 5KNDGTOGFCKNNG Q , XQP 2 2 9GTPGT CWH FKG ,CJTHGKGT FGT ªDGTICDG FGT #WIUDWTIGT -QPHGUUKQP )GJCTPKUEJVGU $TWUVDKNF 2JKNKRRU FGU )TQOÒVKIGP T (ÒPH <GKNGP 5EJTKHV \YKUEJGP 2CNO WPF .QTDGGT\YGKI OO I 5NI 9JKVKPI 5EJÒV\ *ÒDUEJG 2CVKPC XQT\ÒINKEJ

4GKEJUVCNGT #NDWU -CUUGN #NDWU 4GKEJUVCNGT -CUUGN 5EJÒV\ 5VÒEM -N 5EJTÌVNKPIUHGJNGT Z UGJT UEJÌP

9KNJGNO 8+++ .QV *GNNGT 8CTKCPVGP -CUUGN 5EJÒV\ Z 5VÒEM 5GJT UEJÌP

(TKGFTKEJ ++ -TGW\GT -CUUGN 5EJÒV\ -QPX 6CNGT -CUUGN &CX 5EJÒV\ -QPX 6CNGT -CUUGN &CX 5EJÒV\

340

2T·IGUEJY·EJG UGJT UEJÌP /KP LWUVKGTV UGJT UEJÌP 5GJT UEJÌP

3534

-NKRRGPHÌTOKIG 5KNDGTOGFCKNNG WPUKIPKGTV XQP , 9 -KTEJPGT CWH FGP $GUWEJ XQP (TKGFTKEJ ++ WPF UGKPGT )GOCJNKP 2JKNKRRKPG #WIWUVG #OCNKG XQP $TCPFGPDWTI 5EJYGFV KP FGT -CUUGNGT /ÒP\G -TQPG ÒDGT FGP 9CRRGPUEJKNFGP XQP *GUUGP WPF 2TGWGP CWH XGT\KGTVGT -CTVWUEJG WOIGDGP XQP GKPGO .QTDGGTMTCP\ (ÒPH <GKNGP 5EJTKHV KP -TCP\ Z OO I 5EJÒV\ *ÒDUEJG 2CVKPC XQT\ÒINKEJ

3535

5KNDGTOGFCKNNG XQP , 7 5COUQP CWH FKG )TÒPFWPI FGT CPVKSWCTKUEJGP )GUGNNUEJCHV -QRH T OKV 5EJNGKHG )GJCTPKUEJVG /KPGTXC OKV *GNO WPF .CP\G WPVGTTKEJVGV GKPGP -PCDGP CP FGP 5GKVGP CPVKMG )GH·UUG $ÒUVGP /ÒP\GP #NV·TG 5RJKPZ WPF GKPG /WOKG KO *KPVGTITWPF FCU /WUGWO (TKFGTKEKCPWO KP -CUUGN OO I 5EJÒV\ 44 8QT\ÒINKEJ

3536

6CNGT .CPFOÒP\G -CUUGN 5VGTPVCNGT &CX 5EJÒV\

3538

.GKEJV LWUVKGTV XQT\ÒINKEJ

&KGUGT 6CNGT GKPG .CPFOÒP\G \W )TQUEJGP 6CNGT (W KO )GIGPUCV\ \WO -QPX 6CNGT \W )TQUEJGP YWTFG PWT KP *GUUGP IGRT·IV 'T GPVURTCEJ WPIGH·JT FGO RTGWKUEJGP 4GKEJUVCNGT FGU )TCWOCPPUEJGP (WGU

6CNGT (W #WH FGT 4ÒEMUGKVG KUV FGT 5VGTP FGU 1TFGPU XQO )QNFGPGP .ÌYGP CDIGDKNFGV 5Q GTJKGNV FKGUGU 5VÒEM FGP 0COGP 5VGTPVCNGT &KG 5VGTPVCNGT YWTFGP W C FC\W XGTYCPFV (COKNKGP \W GPVUEJ·FKIGP FGTGP 5ÌJPG KO COGTKMCPK UEJGP (TGKJGKVUMTKGI IGHCNNGP YCTGP #WH FKGUGO OCMCDGTGP *KPVGTITWPF DCUKGTGPF GPVUVCPF FCU /·TEJGP XQP FGP 5VGTPVCNGTP FCU FKG )GDTÒFGT )TKOO KP FGT 7OIGDWPI XQP -CUUGN CWH\GKEJPGVGP .CPFITCH (TKGFTKEJ ++ DG\QI ITQG 5WDUKFKGP XQP FGP 'PIN·PFGTP HÒT 5QNFCVGP FKG GT CP UKG XGTOKGVGVG +P COGTKMCPKUEJGP 5COONGTMTGKUGP JGKGP FKG 5VGTPVCNGT FCJGT CWEJ $NQQFFQNNCT

.QV -QPX 6CNGT -QPX 6CNGT 4GKEJUVCNGT 5VGTPVCNGT 5EJÒV\ 5VÒEM 5GJT UEJÌP

9KNJGNO +: + 6CNGT .CPFOÒP\G 9KNJGNOUVCNGT -CUUGN &CX 5EJÒV\ (CUV UGJT UEJÌP

341

3541

3539

3543

-QPX 6CNGT *CPCW #WUDGWVG FGT $KGDGTGT )TWDGP &CX /ÒUGNGT 5EJÒV\ /KP 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

9KNJGNO + .QV 6CNGT 6JWP Z 6CNGT #-5 5VÒEM (CUV UGJT UEJÌP WPF UGJT UEJÌP

9KNJGNO ++ 5KNDGTOGFCKNNG XQP 9 -ÌTPGT CWH FKG ,CJTHGKGT FGT 7PKXGTUKV·V /CTDWTI $TWUVDKNF KP )CTFGWPKHQTO T &TGK KPGKPCPFGT IGUEJNWPIGPG .QTDGGTMT·P\G CNU 5KPPDKNF FGT FTGK ,CJTJWPFGTVG OO I *QHHOGKUVGT .CXGTTGP\ 4 9KP\ 6WUEJGTGUVG HGKPG 2CVKPC OGJTGTG MN 4CPFHGJNGT YKP\ -TCV\GT XQT\ÒINKEJ

.QV 6CNGT 6JWP 6CNGT #-5

5VÒEM 5GJT UEJÌP

(TKGFTKEJ 9KNJGNO 8GTGKPUFQRRGNVCNGT #-5 &CX -CJPV 6JWP (CUV XQT\ÒINKEJ

3544

3546

8GTGKPUFQRRGNVCNGT #-5 &CX -CJPV 6JWP

5GJT UEJÌP

.QV 8GTGKPUVCNGT 6JWP Z 5KNDGTITQUEJGP #-5 5KNDGTITQUEJGP #-5 5VÒEM 5GJT UEJÌP WPF DGUUGT

*'55'0 &#4/56#&6 .#0&)4#(5%*#(6 5'+6 )4155*'4<1)67/

342

'TPUV .WFYKI 4GKEJUVCNGT )KGGP #WUDGWVG FGT )TWDG 4QVJGT )QVVGUICDG /KV 4CPFUEJTKHV 51.%*' (48%*6' )+$6 &+' 416*'4 )166'5 )#$ FC\YKUEJGP 5VGTPG &CX /ÒUGNGT D 5EJÒV\ XCT 44 <CRQPKGTV -TCV\GT UGJT UEJÌP

3548

3547

4GKEJUVCNGT +VVGT #WUDGWVG FGT +VVGTGT )TWDGP &CX /ÒUGNGT D 5EJÒV\ 4 (CUV UGJT UEJÌP

.WFYKI +: -QPX 6CNGT &CTOUVCFV &CX 5EJÒV\

5GJT UEJÌP

.WFYKI + -TQPGPVCNGT #-5 &CX -CJPV 6JWP .GKEJVG 2T·IGUEJY·EJG KO 4CPFDGTGKEJ XQT\ÒINKEJ

.WFYKI ++ 8GTGKPUFQRRGNVCNGT #-5 &CX -CJPV 6JWP 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

3549

3550

3552

3551

)WNFGP #-5 , )WNFGP #-5 ,

8QT\ÒINKEJ 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC HCUV 5VGORGNINCP\

3554

3553

.WFYKI +++ 8GTGKPUFQRRGNVCNGT #-5 &CX -CJPV 6JWP (GKPG 2CVKPC XQT\ÒINKEJ

*'55'0 *1/$74) .#0&)4#(5%*#(6

2JKNKRR #WIWUV (TKGFTKEJ )WNFGP #-5 , 4 *ÒDUEJG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

343

3556

3557 3555

$+567/

*+.&'5*'+/

#FGNJQI XQP &QTUVCFV $TCMVGCV I $KUEJQH OKV -TWOO WPF -WIGNMTGW\UVCD UKV\V X X CWH GKPGO $QIGP N WPF T LG GKP -WRRGNVWTO WOJGT GKP &TGKRCDQIGP FGT OKV GKPGT 2GTNGPMGVVG DGUGV\V KUV $GTIGT /GJN 5NI $QPJQHH #VVTCMVKXG 2CVKPC XQT\ÒINKEJGU 'ZGORNCT

'TPUV XQP $C[GTP 6CNGT &TGKGT /QTKV\DGTI /GJN

(CUV XQT\ÒINKEJ

(GTFKPCPF XQP $C[GTP &TGKGT 6CNGT /QTKV\DGTI /GJN E 4 9KP\ 5EJTÌVNKPIUHGJNGT CO 4CPF UGJT UEJÌP

3558

344

3560

3559

5GFKUXCMCP\ 5KNDGTOGFCKNNG XQP 2 2 9GTPGT -CTN FGT )TQG UVGJV HCUV X X OKV 5EJYGTV WPF 4GKEJUCRHGN WOJGT FKG 9CRRGP FGT &QOJGTTGP OKV 0COGP .WFYKI FGT (TQOOG UVGJV HCUV X X KP FGT 4GEJVGP FCU /QFGNN FGT 5VKHVUMKTEJG KP FGT .KPMGP GKP <GRVGT WOJGT FKG 9CRRGP FGT ÒDTKIGP &QOJGTTGP OKV 0COGP OO I /GJN C <GRGTPKEM (GKPG 2CVKPC MN 4CPFHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

5GFKUXCMCP\ 5KNDGTOGFCKNNG XQP , 6JKGDCWF &KG CWH 9QNMGP VJTQPGPFG /CTKC OKV ,GUWU MKPF FGWVGV OKV GKPGO <GRVGT CWH FCU XQT KJT UEJYGDGPFG OKV (ÒTUVGPJWV DGFGEMVG 5VKHVUYCRRGP FCU CWH GKPGO XGT\KGTVGP -KUUGP OKV 1TFGPUMTGW\ TWJV WPF OKV -TWOOUVCD 5EJYGTV WPF 2CNO\YGKI DGUVGEMV KUV QDGP FGT CNU 6CWDG IG\GKIVG *GKNKIG )GKUV KP 5VTCJNGP WOJGT FKG 9CRRGP FGT &QOJGTTGP OKV 0COGP #WH GKPGT FTGKUVWHKIGP 'UVTCFG OKV $CNFCEJKP UVGJV FGT $KUEJQHUUVWJN FGT OKV FGT /KVTC DGNGIV KUV KO *KPVGTITWPF T FGT *KNFGUJGKOGT &QO QDGP FCU IÌVVNKEJG #WIG FGT 8QTUGJWPI KP 5VTCJNGP WOJGT FKG 9CRRGP FGT ÒDTKIGP &QOJGTTGP OKV 0COGP OO I /GJN <GRGTPKEM *ÒDUEJG 2CVKPC HCUV XQT\ÒINKEJ

6CNGT OKV 6KVGN XQP (TCP\ + &CX -P[RJ <GRGTPKEM #PO 9KP\ 5EJTÌVNKPIUHGJNGT GVYCU DGTKGDGP UGJT UEJÌP

3561

3562

*¤%*56 &6 56#&6

5KNDGTOGFCKNNG WPUKIPKGTV XQP 2 * /ÒNNGT CWH FKG 5EJNCEJV DGK *ÌEJUV·FV &KG /GFCKNNQPDKNFGT FGT 5KGIGT 2TKP\ 'WIGP XQP 5CXQ[GP /CTMITCH .WFYKI 9KNJGNO XQP $CFGP WPF FGT *GT\QI XQP /CTN DQTQWIJ FCTÒDGT \YGK 'PIGN OKV LG GKPGO 2CNO\YGKI .CPFUEJCHV KO 8QTFGTITWPF TWJGPFGT (NW IQVV T 6TQRJ·GP /KV 4CPFUEJTKHV XQP ( -NGKPGTV É &'('05# (146+6'4 %1064# )#..15 '6 $1+1#4+15 )'4/#0+# Û KP XGT\KGTVGP -NCOOGTP (- OO I (QTUVGT 2QRGNMC 5NI ,WNKWU 5NI /QPVGPWQXQ X .QQP +8 5 8QT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 2CVKPC

-CTN ++ FGT NGV\VG URCPKUEJG *CDUDWTIGT YQNNVG FKG XQP 'PINCPF *QNNCPF WPF (TCPMTGKEJ KO UQIGPCPPVGP 2CTVCIG VTCMV DGUEJNQUUGPG 6GKNWPI FGU .CPFGU XGTJKPFGTP 5Q UGV\VG GT KP UGKPGO 6GUVCOGPV 2JKNNKR XQP #PLQW GKPGP 'PMGN UGKPGT OKV -ÌPKI .WFYKI :+8 XGTO·JNVGP 5EJYGUVGT \WO CNNGKPKIGP 'TDGP CNNGT UGKPGT 4GKEJG GKP -CKUGT .GQRQNF XQP ¤UVGTTGKEJ JKPIGIGP XGTNCPIVG FGP URCPKUEJGP $GUKV\ HÒT UGKPGP 5QJP 'T\JGT\QI -CTN YCU FGT #WUNÌUGT HÒT FGP URCPKUEJGP 'TDHQNIGMTKGI YCT ¤UVGTTGKEJ FGT \WP·EJUV GTDDGTGEJVKIVG 5VCCV NKG FGP MCKUGTNKEJGP 1DGTMQOOCPFKG TGPFGP 2TKP\ 'WIGP XQP 5CXQ[GP KO 5QOOGT PCEJ +VCNKGP XQTFTKPIGP YQ GT FKG *GT\QIVÒOGT /CKNCPF WPF /CPVWC GTQDGTVG +P FGT 5EJNCEJV DGK *ÌEJUV·FV CWH FKG UKEJ WPUGTG /GFCKNNG DG\KGJV YWTFG FCU DC[GTKUEJ HTCP\ÌUKUEJG *GGT FWTEJ 2TKP\ 'WIGP WPF FGP *GT\QI XQP /CTNDQTQWIJ XQNNUV·PFKI XGTPKEJVGV 'U HCPFGP KPUIGUCOV HCUV ,CJTG NCPI 5EJNCEJVGP KP CNNGP OKVVGN WPF UÒFGWTQR·KUEJGP .·PFGTP UVCVV DKU GU GPFNKEJ CO /·T\ \WO (TKGFGP XQP 4CUVCVV MCO

5KNDGTOGFCKNNG WPUKIPKGTV XQP 2 * /ÒNNGT CWH FKG 5EJNCEJV DGK *ÌEJUV·FV )GJCTPKUEJVGU $TWUV DKNF FGU 2TKP\GP 'WIGP XQP 5CXQ[GP T OKV WOIGNGIVGT 1TFGPUMGVVG 'PIGN OKV HNCOOGPFGO 5EJYGTV HNKGIV T ÒDGT FCU *GGT 5CPJGTKDU JKPYGI /KV 4CPFUEJTKHV r ).14+# #& 6+$+5%8/ *80)#4+ 2#46# Û 4'018#684 #& &#08$+8/ )'4/#0+ Û OO I (QTUVGT 2QRGNMC 5NI /QPVGPWQXQ 8QT\ÒINKEJ

3563

3564

*1*'0.1*' *1*'0.1*' )'/'+05%*#(6.+%*

)GOGKPUEJCHVNKEJG 2T·IWPIGP 4GKEJUVCNGT 0ÒTPDGTI OKV 6KVGN 4WFQNHU ++ #NDTGEJV &CX 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

%TCHV 4GKEJUVCNGT 0ÒTPDGTI OKV 6KVGN (GTFKPCPFU ++ #NDTGEJV &CX 4 (GKP \CRQPKGTV HCUV XQT\ÒINKEJ

*1*'0.1*' 0'7'056'+0 )4#(5%*#(6 345

3565

*1*'0.1*' 0'7'056'+0 ¤*4+0)'0 )4#(5%*#(6 5'+6 (ª456'067/

,QJCPP (TKGFTKEJ FGT ,ÒPIGTG -QPX 6CNGT 0ÒTPDGTI &CX #NDTGEJV 4 -N 4CPFHGJNGT UGJT UEJÌP

3566

3567

.WFYKI (TKGFTKEJ -CTN -QPX 6CNGT 0ÒTPDGTI #NDTGEJV &CX (GKP \CRQPKGTV UGJT UEJÌP

-QPX 6CNGT 0ÒTPDGTI #NDTGEJV &CX

3568

(GKP \CRQPKGTV UGJT UEJÌPpXQT\ÒINKEJ

3569

-QPX 6CNGT 0ÒTPDGTI #NDTGEJV &CX (GKP \CRQPKGTV 2TQDKGTURWT CO 4CPF HCUV XQT\ÒINKEJ

*1*'0.1*' .#0)'0$74) )4#(5%*#(6 5'+6 (ª456'067/

.WFYKI 4GKEJUVCNGT 0ÒTPDGTI CWH FGP ,CJTGUVCI FGT .CPFGUVGKNWPI I #EJV <GKNGP 5EJTKHV \YKUEJGP 8GT\KGTWPIGP KO #DUEJPKVV \YGK YGKVGTG <GKNGP 5EJTKHV &TGK YGKDNKEJG )GUVCNVGP OKV 9CRRGPUEJKNFGP UVGJGP X X QDGP UVTCJNGPFGU )QVVGUCWIG #NDTGEJV &CX (GKP \CRQPKGTV XQT\ÒINKEJ

3570

3571

*1*'0.1*' -+4%*$'4) )4#(5%*#(6 5'+6 (ª456'067/

-CTN #WIWUV 4GKEJUVCNGT 0ÒTPDGTI I )GJCTPKUEJVGU $TWUVDKNF T &TGKHCEJ DGJGNOVGU XKGTHGNFKIGU 9CRRGP OKV /KVVGNUEJKNF #NDTGEJV &CX (CUV XQT\ÒINKEJGU 'ZGORNCT

%JTKUVKCP (TKGFTKEJ -CTN -QPX 6CNGT 5EJYCDCEJ #NDTGEJV &CX <CRQPKGTV XQT\ÒINKEJ

346

3572

3575

3573

*1*'0<1..'40 *1*'0<1..'40 *'%*+0)'0 (ª456'067/

,QUGRJ 9KNJGNO -QPX 6CNGT 5VWVVICTV $CJTH D &CX (GKP \CRQPKGTV UGJT UEJÌPpXQT\ÒINKEJ

(TKGFTKEJ 9KNJGNO %QPUVCPVKP 8GTGKPUFQRRGNVCNGT #-5 &CX -CJPV 6JWP 4 (GKPG 2CVKPC CVVTCMVKXGU UGJT UEJÌPGU 'ZGORNCT

%CTN -TGW\GT Z #-5 , &C\W (TKGFTKEJ 9KNJGNO +8 XQP 2TGWGP )WNFGP # HÒT *QJGP\QNNGTP #-5 , 5VÒEM 8QT\ÒINKEJ WPF DGUUGT

%CTN #PVQP )WNFGP #-5 , (GKPG 2CVKPC YKP\ 4GUVG CNVGT 6KPVGPUEJTKHV XQT\ÒINKEJp5VGORGNINCP\

*1*'0<1..'40 5+)/#4+0)'0 (ª456'067/

3577

3576

)4#(5%*#(6

3578

3576

*1*056'+0

'TPUV 8++ 4GKEJUVCNGT 'NNTKEJ #WUDGWVG FGT )TWDG 5V #PFTGCU &CX /ÒUG NGT XCT 5EJWNVGP E 4CPF OKP DGCTDGKVGV UGJT UEJÌP

+5'0$74) +5'0$74) $ª&+0)'0 (ª456'067/

9QNHICPI 'TPUV 4GKEJUVCNGT $ÒFKPIGP OKV 6KVGN XQP /CVVJKCU )TQVG C XCT 4 #VVTCMVKXGU UGJT UEJÌPGU 'ZGORNCT

'TPUV -CUKOKT -W 5EJPGRHGPJGNNGT Q , ,

8QT\ÒINKEJ

347

3580

3579

,'8'4

$+..70)'4

3581

*GTOCPP 2HGPPKI ,GXGT I )GMTÌPVGT -QRH X X -TGW\ OKV -WIGNP KP FGP 9KP MGNP &CPPGPDGTI 5GJT UEJÌP

*'445%*#(6

(TKGFGTKMG #WIWUVG 5QRJKG XQP #PJCNV <GTDUV 4GKEJUVCNGT RTGW 5KNDGTJÒVVG &CX /CPP /GT\FQTH 5GNVGP KP FKGUGT 'TJCNVWPI 0WT 'ZGORNCTG IGRT·IV 8QNN CWUIGRT·IVGU 'ZGORNCT (GKP \CRQPKGTV YKP\ 4CPFHGJNGT XQT\ÒINKEJp5VGORGNINCP\ 'TUV YWTFG CWH FGT 5KNDGTJÒVVG DGK *CT\IGTQFG HÒT #PJCNV $GTPDWTI GKPG /ÒP\UV·VVG GTTKEJVGV *KGT NKG (TKGFG TKMG #WIWUVG 5QRJKG XQP #PJCNV <GTDUV #FOKPKUVTCVQTKP HÒT <CT 2CWN + XQP 4WNCPF FKG /ÒP\GP HÒT ,GXGT RT·IGP FC KP <GTDUV MGKPG /ÒP\UV·VVG OGJT \WT 8GTHÒIWPI UVCPF

4GKEJUVCNGT RTGW 5KNDGTJÒVVG &CX /CPP /GT\FQTH 0WT 'ZGORNCTG IGRT·IV (GKPG 2CVKPC YKP\ 5EJTÌVNKPIUHGJNGT HCUV XQT\ÒINKEJ

3582

3583

4GKEJUVCNGT RTGW 5KNDGTJÒVVG /CPP /GT\FQTH 0WT 'ZGORNCTG IGRT·IV 8QT\ÒINKEJ

4GKEJUVCNGT RTGW 5KNDGTJÒVVG /CPP /GT\FQTH 0WT 'ZGORNCTG IGRT·IV 5GJT UEJÌP

&KXGTUG -NGKPOÒP\GP XQP ,GXGT ÒDGTYKGIGPF FGU ,CJTJWPFGTVU OGKUV KP 5KNDGT 5VÒEM /GKUV HCUV UGJT UEJÌP WPF DGUUGT

.165

3585

,ª.+%* -.'8' $'4) ,ª.+%* $'4) *'4<1)67/ 348

9KNJGNO 8 4GKEJUVCNGT 4QFGPMKTEJGP &CX 0QUU XCT 5GNVGP KP FKGUGT 'TJCNVWPI -N 2T·IGUEJY·EJG YKP\ 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

3586 3587

3587

-CTN 6JGQFQT 6CNGT (GKPUKNDGT /CPPJGKO #WUDGWVG FGT )TWDG 9KNFDGTI $ÒUVG T FCTWPVGT /QPQITCOO #5 #PVQP 5EJ·HGT 5VGORGNUEJPGKFGT 9CRRGP WOJGT 1TFGPUMGVVG OKV FGO 5VGTP FGU *WDGTVWUQTFGPU &CX FQTV WPVGT 2HCN\ *CCU /ÒUGNGT D FQTV WPVGT 2HCN\ 0QUU D (CUV XQT\ÒINKEJ

4GKEJUVCNGT (GKPUKNDGT /CPPJGKO #WUDGWVG FGT 9KNFDGTIGT )TWDGP &CX FQTV WPVGT 2HCN\ *CCU /ÒUGNGT FQTV WPVGT 2HCN\ 0QUU D 5GNVGP KP FKGUGT 'TJCNVWPI (GKP \CRQPKGTV HCUV XQT\ÒINKEJ XQT\ÒINKEJ

4GKEJUVCNGT (GKPUKNDGT /CPPJGKO #WUDGWVG FGT 9KNFDGTIGT )TWDGP &CX FQTV WPVGT 2HCN\ *CCU /ÒUGNGT FQTV WPVGT 2HCN\ 0QUU D 5EJÌPpUGJT UEJÌP

&C FKG /ÒP\UV·VVG &ÒUUGNFQTH IGUEJNQUUGP YQTFGP YCT YWTFG FCU 9KNFDGTIGT 5KNDGT RGT 5EJKHH PCEJ /CPPJGKO IGDTCEJV WPF FQTV XGTOÒP\V -WT\HTKUVKI YWTFG FKG &ÒUUGNFQTHGT /ÒP\UV·VVG \YCT YKGFGT DGVTKGDGP GU YWTFG CDGT PWT YGPKI )QNF WPF -WRHGT XGTRT·IV 'TUV PCJO FKG &ÒUUGNFQTHGT /ÒP\UV·VVG KJTG #TDGKV YKGFGT XQNN CWH FC YCT FKG 9KNFDGTIGT #WUDGWVG CDGT YQJN UEJQP XGTUKGIV 9KNFDGTI WPF *GKFDGTI UKPF )TWDGP KP FGT )GOGKPFG 4GKEJUJQH HTÒJGT 'EMGPJCIGP KO 1DGTDGTIKUEJGP -TGKU &KG *CNFGP WPF 5EJCEJVCPNCIGP UKPF VGKNYGKUG PQEJ UKEJVDCT $KU UKPF KOOGT YKGFGT 8GTUWEJG OKV FGP )TWDGP IGOCEJV YQTFGP 'KP 6GKN FGT IGRT·IVGP 5VÒEMG YWTFGP NCWV #MVGP PCEJ &ÒUUGNFQTH IGUEJKEMV WO FQTV KP 7ONCWH IGUGV\V \W YGTFGP

&GT GTUVG 9KNFDGTIGT #WUDGWVGVCNGT

3589

3590

4GKEJUVCNGT (GKPUKNDGT /CPPJGKO #WUDGWVG FGT 9KNFDGTIGT )TWDGP &CX FQTV WPVGT 2HCN\ *CCU /ÒUGNGT FQTV WPVGT 2HCN\ 0QUU (GNFGT UVCTM IGIN·VVGV HCUV UGJT UEJÌP

4GKEJUVCNGT (GKPUKNDGT /CPPJGKO #WUDGWVG FGT 9KNFDGTIGT )TWDGP &CX FQTV WPVGT 2HCN\ *CCU /ÒUGNGT FQTV WPVGT 2HCN\ 0QUU 5GJT UEJÌP

3591

3592

4GKEJUVCNGT (GKPUKNDGT /CPPJGKO #WUDGWVG FGT 9KNFDGTIGT )TWDGP &CX FQTV WPVGT 2HCN\ *CCU /ÒUGNGT FQTV WPVGT 2HCN\ 0QUU 5GJT UEJÌP

4GKEJUVCNGT (GKPUKNDGT /CPPJGKO #WUDGWVG FGT 9KNFDGTIGT )TWDGP &CX FQTV WPVGT 2HCN\ *CCU /ÒUGNGT FQTV WPVGT 2HCN\ 0QUU (CUV UGJT UEJÌP

349

3593

3594

3595

6CNGT (GKPUKNDGT /CPPJGKO #WUDGWVG FGT 9KNFDGTIGT )TWDGP &CX FQTV WPVGT 2HCN\ *CCU /ÒUGNGT FQTV WPVGT 2HCN\ 0QUU -TCV\GT CWH FGT 8QTFGTUGKVG UGJT UEJÌP

$'4) *'4<1)67/ 5'+6 )4155*'4<1)67/

/CZKOKNKCP ,QUGRJ XQP $C[GTP 6CNGT .CPFOÒP\G #-5 &CX -CJPV 6JWP 5GJT UEJÌPpXQT\ÒINKEJ

,ÒNKEJ $GTI YCT GKP 0GDGPNCPF FGU -WTHÒTUVGPVWOU $C[GTP &WTEJ FGP 8GTVTCI XQP &ÒUUGNFQTH FGT GTUV XQO -CKUGT DGUV·VKIV YWTFG JCVVG 2HCN\ 0GWDWTI GKPG YKVVGNUDCEJKUEJG 0GDGPNKPKG FKG *GT\QIVÒOGT ,ÒNKEJ WPF $GTI GTJCNVGP &KG 2HCN\ITCHGPJGT\ÌIG TGUKFKGTVGP OGKUV KP &ÒUUGNFQTH 5GNDUV CNU ,QJCPP 9KNJGNO FWTEJ 'TDCPHCNN -WTHÒTUV XQP FGT 2HCN\ YWTFG DNKGD GT CO 0KGFGTTJGKP 'TUV UGKP $TWFGT WPF 0CEJHQNIGT -CTN 2JKNKRR TGUKFKGTVG \WGTUV KP 0GWDWTI FCPP KP *GKFGNDGTI 5EJNKGNKEJ \QI GT PCEJ /CPPJGKO PWP YWTFGP ,ÒNKEJ WPF $GTI 0GDGPNCPFG FGT RH·N\KUEJGP -WT #NU -CTN 2JKNKRR UVCTD YCT FGT P·EJUVG #IPCV -CTN 6JGQFQT XQP 2HCN\ 5WN\ DCEJ FGT CWEJ FWTEJ GKPG *GKTCV GPIGT OKV FGT .KPKG 0GWDWTI XGTDWPFGP YCT 0CEJ FGO #PHCNN XQP $C[GTP YWTFG /ÒPEJGP \WT 4GUKFGP\ ,ÒNKEJ WPF $GTI TÒEMVGP KP YGKVGTG (GTPG 0CEJFGO -CTN 6JGQFQT QJPG GTDDG TGEJVKIVG 0CEJMQOOGP IGUVQTDGP YCT HQNIVG FKG GKP\KIG PQEJ ÒDTKIG 9KVVGNUDCEJGT .KPKG 2HCN\ <YGKDTÒEMGP $KTMGP HGNF OKV /CZKOKNKCP +8 ,QUGRJ +P\YKUEJGP YCTGP CDGT FKG NKPMUTJGKPKUEJGP )GDKGVG FGT 2HCN\ WPF ,ÒNKEJ CP FKG UKGITGKEJG HTCP\ÌUKUEJG 4GRWDNKM XGTNQTGP IGICPIGP +O (TKGFGP XQP .WP¾XKNNG GTJKGNV -WTHÒTUV /CZKOKNKCP ,QUGRJ FCU )GDKGV $GTI PQEJ GKPOCN \WTÒEM WPF KP &ÒUUGNFQTH MCO GU \W GKPGT TGIGP /ÒP\RT·IGV·VKIMGKV YQDGK KO 6CNGTHW \W 5VÒDGT QFGT #NDWU CWUIGRT·IV YWTFG FKG 6CNGT GPVURTCEJGP FGO PKGFGTTJGKPKUEJGP 4GEJ PWPIUVCNGT +O (TKGFGP XQP 2TGDWTI YWTFG /CZKOKNKCP +8 ,QUGRJ \WO -ÌPKI XQP $C[GTP GTJQDGP OWVG CDGT $GTI CP (TCPMTGKEJ CDVTGVGP

,QCEJKO /WTCV 6CNGT .CPFOÒP\G #-5 &CX -CJPV 6JWP 5GJT UEJÌPpXQT\ÒINKEJ

0CRQN¾QP + ICD FCU *GT\QIVWO $GTI CP UGKPGP 5EJYCIGT WPF /CTUEJCNN ,QCEJKO /WTCV YGKVGT FGT CWEJ FGP TGEJVUTJGKPKUEJGP 6GKN XQP -NGXG GTJKGNV $GKO #DUEJNW FGT 4JGKPDWPFCMVG D\Y MWT\G <GKV UR·VGT GTJKGNV /WTCV PQEJ FKG 5VCFV &GWV\ FKG )TCHUEJCHVGP 5C[P 0CUUCW 5KGIGP WPF *CFCOCT FKG #DVGKGP 'UUGP WPF 'NVGP )NGKEJ\GK VKI YWTFG GT \WO )TQJGT\QI OKV FGT #PTGFG -ÌPKINKEJG *QJGKV GTJQDGP YCU UGKPGT 'KVGNMGKV UEJOGKEJGNVG YWTFG $GTI WO /CTM &QTVOWPF 6GEMNGPDWTI .KPIGP WPF 6GKNG XQP /ÒPUVGT CTTQPFKGTV +O UGNDGP ,CJT YWTFG ,QCEJKO /WTCV CDGT CNU -ÌPKI XQP 0GCRGN PCEJ 5ÒFKVCNKGP XGTUGV\V WPF 0CRQN¾QP + ÒDGTPCJO FCU )TQJGT\QIVWO UGNDUV &KG /ÒP\RT·IWPI KP &ÒUUGNFQTH NKGH Y·JTGPF UGKPGT 4GIKGTWPI KP FGP XQTIG\GKEJPGVGP $CJPGP YGKVGT

3596

56#&6 350

-#7($'74'0

6CNGT OKV 6KVGN -CTNU 8 &CX 0CW 5GNVGP KP FKGUGT 'TJCNVWPI *GTTNKEJG 2CVKPC XQNN CWUIGRT·IVGU XQT\ÒINKEJGU 'ZGORNCT

3597

*'445%*#(6

-0;2*#75'0

9KNJGNO )WUVCX (TKGFTKEJ )TQVG #-5 ,

3598

'4<$+567/

3599

5GJT UEJÌP

3598

-¤.0

9CNTCO XQP ,ÒNKEJ 6WTPQUG Q , &GWV\ I 0QUU C NGKEJV XCT /KP IGYGNNV UGJT UEJÌP

,QJCPP )GDJCTF XQP /CPUHGNF 6CNGT &GWV\ &CX 0QUU XCT #VVTCMVKXG 2CVKPC MN 5EJTÌVNKPIUHGJNGT CO 4CPF XQT\ÒINKEJ

3601

3600

3601

,QUGRJ -NGOGPU XQP $C[GTP \WO \YGKVGP /CN 5KNDGTOGFCKNNG Q , WO XGTOWVNKEJ XQP * NG $TGVQP CWH FKG 6CWHG $TWUVDKNF T KP IGKUVNKEJGO 1TPCV OKV WOIGNGIVGO -TGW\ &GT 'T\DK UEJQH VJTQPV T KP GKPGT -KTEJG WPF XQNN\KGJV GKPG 6CWHJCPFNWPI OO I 9GKNGT 9KVV 9KP\ (CUUWPIUURWTGP HCUV XQT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 2CVKPC

5GFKUXCMCP\ 6CNGT -QDNGP\ 0QUU <GRGTPKEM 4 /KP LWUVKGTV UGJT UEJÌPpXQT\ÒINKEJ

3602

3603

3602

56#&6

)TQUEJGP Q , WO 0QUU

5GJT UEJÌP

4GKEJUVCNGT OKV 6KVGN 4WFQNHU ++ I )TGKH WPF .ÌYG JCNVGP FGP DGJGNOVGP 5VCFVUEJKNF )GMTÌPVGT &QRRGNCFNGT OKV 4GKEJUCRHGN CWH FGT $TWUV &CX 0QUU 5GNVGPGT ,CJTICPI (CUV XQT\ÒINKEJ 351

3604

6CNGT XQP 5EJYCT\DWTI 5QPFGTUJCWUGP %JTKUVKCP 9KNJGNO + /ÒP\UV·VVG #TP UVCFV OKV )GIGPUVGORGN FGT 5VCFV -ÌNP CWH FGT 8QTFGTUGKVG 5EJKNFHQTO FCTKP FTGK -TQPGP ÒDGT #NDWU FCTWPVGT 0 2GVGT 0GYGT UV·FVKUEJGT /ÒP\OGKUVGT KP -ÌNP &CX # XCT (KUEJGT F XCT (TKGFGTKEJ 0QUU 5GJT UGNVGPGT )GIGPUVGORGN /ÒP\G UEJÌPpUGJT UEJÌP )GIGPUVGORGN UGJT UEJÌP

3605

6CNGT XQP 5C[P 9KVVIGPUVGKP *QJGPUVGKP )WUVCX OKV )GIGPUVGORGN FGT 5VCFV -ÌNP CWH FGT 8QTFGTUGKVG <WI &CX / , 8 HH 0QUU 44 /ÒP\G DGCTDGKVGV UEJÌPpUGJT UEJÌP )GIGPUVGORGN UGJT UEJÌP

6CNGT XQP .CWGPDWTI ,WNKWU (TCP\ OKV )GIGPUVGORGN FGT 5VCFV -ÌNP CWH FGT 8QTFGTUGKVG <WI &CX FQTV WPVGT .CWGPDWTI &QTHOCPP FQTV WPVGT .CWGPDWTI 0QUU 44 /ÒP\G WPF )GIGPUVGORGN UGJT UEJÌP

3607

3606

3609

3608

6CNGT FGT 5VCFV 'OFGP OKV )GIGPUVGORGN FGT 5VCFV -ÌNP CWH FGT 4ÒEMUGKVG <WI &CX

FQTV WPVGT 'OFGP -P[RJ FQTV WPVGT 'OFGP 0QUU XIN 44 /ÒP\G UEJÌP )GIGPUVGORGN UGJT UEJÌP

6CNGT XQP 2QOOGTP -CTN :+ XQP 5EJYGFGP OKV )GIGPUVGORGN FGT 5VCFV -ÌNP CWH FGT 8QTFGTUGKVG <WI #JNUVTÌO D &CX FQTV WPVGT 2QOOGTP 0QUU 44 /ÒP\G WPF )GIGPUVGORGN HCUV UGJT UEJÌP

4GKEJUVCNGT OKV 6KVGN .GQRQNFU + &CX 0QUU

5KGJG CWEJ 0T

352

WGTUV UGNVGPGT ,CJTICPI 5GJT UEJÌP

3610

-¤0+)5$'4)

56#&6

$TQP\GOGFCKNNG OKV 5KIPCVWT *$ CWH FGP )GDWTVUVCI XQP +OOCPWGN -CPV &KG FTGK RGTUQPK HK\KGTVGP 1TVUEJCHVGP #NVUVCFV .ÌDGPKEJV WPF -PGKRJQH T FCPGDGP GKPG YGKVGTG )GUVCNV +/ ,#*4' 974&'0 &+' &4'+ 56 &6' #.656#&6 -0'+2*1( .¤$'0+%*6 <74 56#&6 -¤0+)5$'4) 8'4'+0+)6 +*4 )4155'4 51*0 +//#07'. -#06 +0 &+'5'/ ,#*4' )' $14'0 .'$6' 70& .'*46' *+'4 e QDGP 5VGTPUEJPWRRG OO 4 8QT\ÒINKEJ

3611

$+567/

3612

-1056#0<

-QPTCF ++ XQP 6GIGTPHGNF $TCMVGCV I $KUEJQH UKV\V X X OKV -TWOO UVCD WPF $WEJ XQT FGT $TWUV T KO (GNF GKP HTGKUVGJGPFGT -TWOOUVCD $GTIGT -NGKP 7NOGT %% 8QT\ÒINKEJGU 'ZGORNCT

(TCP\ %QPTCF $TQP\GOGFCKNNG WPUKIPKGTV CWH FKG 5GFKUXCMCP\ 0GWP <GKNGP 5EJTKHV 5VKHVU WPF (COKNKGPYCRRGP XQT *GTOGNKPOCPVGN FCTÒDGT -CTFKPCNUJWV OO $GTUVGVV FQTV KP 5KNDGT 4 5GJT UEJÌPpXQT\ÒINKEJ

3613

-QPX 6CNGT #WIUDWTI $GTUVGVV (QTUVGT

/KP LWUVKGTV UGJT UEJÌP

353

3616

3615 3614

56#&6

.#0&#7

$GNCIGTWPI FWTEJ FKG HTCP\ÌUKUEJGP 6TWRRGP 'KPUGKVKIG -NKRRG \W )WNFGP WPF -TGW\GT I )GMTÌPVGU 9CRRGP FCTÒDGT WPF FCTWPVGT LG GKP 5VGORGN CP FGP 5GKVGP XKGT /QPQITCOOG GKPIGRWP\V 'KP CWHIGMNGDVGU CNVGU 5COONGTGVKMGVV KP HTCP\ÌUKUEJGT 5RTCEJG $TCWUG /CPUHGNF 6H &CX -NGKP 4CHH FQTV OKV IGTKHHGNVGO 4CPF (CUV XQT\ÒINKEJ 9·JTGPF FGT XKGTVGP $GNCIGTWPI .CPFCWU YCT 2TKP\ -CTN #NGZCPFGT FGT UR·VGTG *GT\QI XQP 9ÒTVVGODGTI (G UVWPIUMQOOCPFCPV 7O FGO Y·JTGPF FGT $GNCIGTWPI CWHIGVTGVGPGP )GNFOCPIGN \W DGIGIPGP NKG -CTN #NGZCPFGT UGKP IQNFGPGU WPF UKNDGTPGU 6CHGNIGUEJKTT GKPUEJOGN\GP WPF FCTCWU 0QVOÒP\GP UEJNCIGP

'KPUGKVKIG -NKRRG \W )WNFGP WPF -TGW\GT $TCWUG /CPUHGNF 6H -NGKP 4CHH C 5GJT UEJÌP

.'+0+0)'0 .'+0+0)'0 &#)5$74) )4#(5%*#(6

-CTN (TKGFTKEJ 9KNJGNO -TGW\GT #-5

5GJT UEJÌPpXQT\ÒINKEJ

3618

3617

.+22' )4#(5%*#(6 5'+6 (ª456'067/

2CWN #NGZCPFGT .GQRQNF 8GTGKPUFQRRGNVCNGT #-5 &CX -CJPV 6JWP (GKPG 2CVKPC XQT\ÒINKEJ

8GTGKPUFQRRGNVCNGT #-5 &CX -CJPV 6JWP

3619

354

3619

2CWN (TKGFTKEJ 'OKN .GQRQNF 8GTGKPUVCNGT #-5 &CX -CJPV 6JWP (GKPG 2CVKPC XQT\ÒINKEJ

56#&6

3620

5GJT UEJÌP

.+2256#&6

2TCIGT )TQUEJGP Q , FGU DÌJOKUEJGP -ÌPKIU 9GP\GN +++ OKV )GIGPUVGORGN XQP .KRRUVCFV CWH FGT 4ÒEMUGKVG 4QUG OKV HÒPH 5VCWDH·FGP -TWU[ . 44 /ÒP\G UEJÌP )GIGPUVGORGN UGJT UEJÌP

3621

.¤9'056'+0 .¤9'056'+0 9'46*'+/ 8+40'$74) (ª456'067/

'WEJCTKWU -CUKOKT 4GKEJUVCNGT 9GTVJGKO &CX 9KDGN 4 (GKP \CRQPKGTV HCUV XQT\ÒINKEJ

#WH FKG XKGNHCEJ CNU 8GTUÌJPWPIU QFGT 8GTGKPKIWPIUVCNGT DG\GKEJPGVGP )GRT·IG VTKHHV FKGUG $G\GKEJPWPI ÒDGTJCWRV PKEJV \W 'U UKPF 2T·IWPIGP KO <WUCOOGPJCPI OKV FGP #WUGKPCPFGTUGV\WPIGP \YKUEJGP FGP DGKFGP .ÌYGPUVGKPGT .KPKGP 8KTPGDWTI FKG WPUGTGP 6CNGT RT·IGP NKG WPF 4QEJGHQTV #WHUEJTKHV WPF &CTUVGNNWPI YGKUGP CWH FKGUGP -QP VGZV JKP /' %10+70%6+1 5'48#6 FGT <WUCOOGPJCNV FKGPV OKT KO )GIGPUCV\ FC\W &7/ 5%+0&+674 (4#0)14 FWTEJ FCU #WUGKPCPFGTTGKGP YGTFG KEJ \GTDTQEJGP &GT FWTEJ 8GTUV·TMWPI WPF -TQPG \WUCOOGP IGJCNVGPG $CWO D\Y FGT XQP *·PFGP 9KNNMÒT CWUGKPCPFGTIGTKUUGPG $CWO KP FGT 8QTFGTUGKVGPFCTUVGNNWPI FKGUGU 5VÒEMGU \GKIGP FKG (QNIGP XQP 'KPKIMGKV D\Y <YKGVTCEJV 9·JTGPF FGU L·JTKIGP -TKGIGU YCT FKG LÒPIGTG .KPKG 4QEJGHQTV YKGFGT MCVJQNKUEJ IGYQTFGP Y·JTGPF FKG ·NVGTG .KPKG 8KTPGDWTI GXCPIGNKUEJ DNKGD +O 8GTNCWH FGU -TKGIGU MQPPVG UKEJ FKG .KPKG 4QEJGHQTV KP FGP $GUKV\ FGT ICP\GP *GTTUEJCHV DTKPIGP +O 9GUVH·NKUEJGP (TKGFGP GTJKGNV FKG ·NVGTG 8KTPGDWTIGT .KPKG KJTG $GUKV\WPIGP \WTÒEM 0WP YWTFGP CO 4GKEJUMCOOGTIGTKEJV KP 9GV\NCT WPF CO 4GKEJUJQHTCV KP 9KGP \CJNNQUG 'KPICDGP IGOCEJV UQYKG OGJTGTG MCKUGTNKEJG -QOOKUUKQPGP DGOÒJV &KG MCVJQNKUEJG .KPKG 4QEJGHQTV YQNNVG FCU -QPFQOKPKWO ÒDGT 9GTVJGKO CP FGO FKG 4GKEJUVCPFUEJCHV JKPI DGGPFGP WPF FKG )TCHUEJCHV VGKNGP &KG GXCPIGNKUEJG .KPKG 8KTPGDWTI YCT JKPIGIGP DG UVTGDV FKG $GUVKOOWPIGP FGU 9GUVH·NKUEJGP (TKGFGPU DGK\WDGJCNVGP &QTV YCT DGUVKOOV YQTFGP FC FKG )TCHUEJCHV WPIGVGKNV DNGKDV WPF FCU ,CJT CNU 5VKEJLCJT HÒT 4GNKIKQPUCPIGNGIGPJGKVGP IKNV YCU FGP 8KTPGDWTIGTP KJTGP $GUKV\ UVCPF UKEJGTVG +O ,CJT CNU WPUGT 6CNGT IGRT·IV YWTFG NKGH FGT 2TQ\G PQEJ UKGJG CWEJ -ÌNPGT /ÒP\DGNWUVK IWPI 8 5 HH

3622

3624

3623

-CTN .WFYKI -QPX 6CNGT 9GTVJGKO &CX 9KDGN (GKP \CRQPKGTV XQT\ÒINKEJ

.¤9'056'+0 9'46*'+/ 41%*'(146 )4#(5%*#(6 5'+6 (ª456'067/

/CZKOKNKCP -CTN 4GKEJUVCNGT 9GTVJGKO CWH UGKPG 'TPGPPWPI \WO 4GKEJUMCOOGTIG TKEJVUTCV I )GJCTPKUEJVGU $TWUVDKNF T OKV 2GTÒEMG FCTWPVGT /ÒP\\GKEJGP 5VGTP 2JKNKRR *GKP TKEJ /ÒNNGT 5VGORGNUEJPGKFGT KP #WIUDWTI EC .ÌYG N OKV FGT TGEJVGP 8QTFGTVCV\G GKPGP 5VGKP Y·N\GPF &CX (QTUVGT 9KDGN 44 (GKP \CRQPKGTV MN 2TQDKGTURWT CO 4CPF XQT\ÒINKEJp5VGORGNINCP\

-QPUVCPVKP -NKRRGPHÌTOKIG 5KNDGTOGFCKNNG WPUKIPKGTV CWH UGKPGP 4GIKGTWPIUCPVTKVV -QRH T 8QP 5QPPG DGUEJKGPGPGT $CWO CP FGO GKP 9CRRGPUEJKNF NGJPV T )GPKWU FGT GKP (ÒNNJQTP CWUNGGTV Z OO I 9KDGN 5GJT UEJÌPpXQT\ÒINKEJ

355

3625

.145%*

#$6'+

*GKPTKEJ QFGT 5KGIJCTF *CNDDTCMVGCV 9GKPJGKO I $TWUVDKNF GKPGU #DVGU X X OKV -TWOOUVCD WPF $WEJ ÒDGT GKPGT .GKUVG OKV 9GKPTCPMG WOJGT FTGK $ÌIGP -TGW\ KP FGP 9KPMGNP WPFGWVNKEJG <GKEJGP $WEJGPCW (F XQP .KEJVGPDGTI ,QUGRJ 9GKPJGKOGT *CNDDTCM VGCVGPHWPF 5NI $QPJQHH 5NI *QJGPUVCWHGP\GKV 5NI .ÌDDGEMG .GKEJVG 2T·IGUEJY·EJG UGJT UEJÌP

3627

3626

4'+%*5/ª0<56 66'

3628

3629

.ª$'%-

(TKGFTKEJ + &GPCT WO I -QRH X X OKV DCTGVVHÌTOKIGT -TQPG OKV HÒPH 2WPMVGP $GHWVGU -TGW\ KP LGFGO 9KPMGN GKP 2WPMV $GJTGPU NGKEJV XCT 44 *ÒDUEJG 2CVKPC UGJT UEJÌP

*GKPTKEJ 8+ $TCMVGCV PCEJ I $TWUVDKNF FGU -ÌPKIU OKV IGUEJWNVGTVGO 5EJYGTV WPF .KNKGP\GRVGT X X ÒDGT *CNDDQIGP $GJTGPU $GTIGT FQTV WPVGT F·PKUEJGT *GTTUEJCHV 4 *ÒDUEJG 2CVKPC UGJT UEJÌP

*QJNRHGPPKI *·NHVG FGU ,CJTJWPFGTVU I )GMTÌPVGT -QRH X X OKV 5GKVGPNQEMGP FKG -TQPG OKV FTGK <KPMGP KP .KNKGP WPF -NGGDNCVVHQTO $GJTGPU HH *ÒDUEJG 2CVKPC XQT\ÒINKEJ

2HGPPKI Q , I $GKFGTUGKVU 5EJKNF OKV &QRRGNCFNGT WOJGT u.u 8 $ $GJTGPU D 4 5GJT UEJÌP

56#&6

3630

3631

3632

9KVVGP Q , #PHCPI ,CJTJWPFGTV I $GKFGTUGKVU &QRRGNCFNGT $GJTGPU C

5GEJUNKPI Q , PCEJ I $GKFGTUGKVU 5EJKNF OKV &QRRGNCFNGT $GJTGPU C *ÒDUEJG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

/CTM $GJTGPU

3633

44 5GJT UEJÌP

4 #VVTCMVKXG 2CVKPC YKP\ <CKPGPFG UGJT UEJÌP

3634

6CNGT OKV #D\GKEJGP FGU $ÒTIGTOGKUVGTU )QVVJCTF XQP *ÌXGNP $GJTGPU C &CX (GKPG 2CVKPC OKP 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

6CNGT OKV FGP #D\GKEJGP FGT $ÒTIGTOGKUVGT 0KEQNCWU $CTFGYKM WPF #PVQP XQP 5VKVGP $GJTGPU C &CX *ÒDUEJG 2CVKPC MN 4CPFHGJNGT UGJT UEJÌP

356

3635

3636

6CNGT OKV #D\GKEJGP FGT $ÒTIGTOGKUVGT #PVQP XQP 5VKVGP WPF )QVVJCTF XQP *ÌXGNP $GJTGPU F 44 #VVTCMVKXG 2CVKPC UGJT UEJÌP

4GKEJUVCNGT OKV #D\GKEJGP FGT $ÒTIGTOGKUVGT #PVQP XQP 5VKVGP WPF )QVVJCTF XQP *ÌXGNP $GJTGPU C 44 #VVTCMVKXG 2CVKPC UGJT UEJÌPGU 'ZGORNCT

3637

/CTM $GJTGPU F /CTM $GJTGPU E

3639

3638

-N 2T·IGUEJY·EJG UGJT UEJÌP 4 #VVTCMVKXGU 'ZGORNCT OKV JÒDUEJGT 2CVKPC UGJT UEJÌP

3640

6CNGT OKV #D\GKEJGP FGU $ÒTIGTOGKUVGTU #ODTQUKWU /G[GT $GJTGPU C &CX #VVTCMVKXGU UGJT UEJÌPGU 'ZGORNCT

6CNGT OKV #D\GKEJGP FGU $ÒTIGTOGKUVGTU #ODTQUKWU /G[GT $GJTGPU C &CX

5GJT UEJÌP

6CNGT OKV #D\GKEJGP FGU $ÒTIGTOGKUVGTU #PVQP XQP 5VKVGP $GJTGPU E C (GKPG 2CVKPC UGJT UEJÌP

4GKEJUVCNGT 5EJKNNKPI OKV 6KVGN /CZKOKNKCPU ++ WPF FGO #D\GKEJGP FGU $ÒTIGTOGKUVGTU *KGTQP[OWU .ÒPGDWTI $GJTGPU 4 (CUV UGJT UEJÌP

3641

3642

357

3643

3645

3644

4GKEJUVCNGT 5EJKNNKPI OKV 6KVGN /CZKOKNKCPU ++ WPF FGO #D\GKEJGP FGU $ÒTIGTOGKUVGTU #ODTQUKWU /G[GT $GJTGPU &CX 5GJT UEJÌP

4GKEJUVCNGT 5EJKNNKPI OKV 6KVGN 4WFQNHU ++ WPF FGO #D\GKEJGP FGU $ÒTIGTOGKUVGTU *GKPTKEJ 2NÌPPKGU $GJTGPU &CX (GKPG 2CVKPC MN 5EJTÌVNKPIUHGJNGT CO 4CPF UGJT UEJÌP

4GKEJUVCNGT 5EJKNNKPI OKV 6KVGN 4WFQNHU ++ WPF FGO #D\GKEJGP FGU $ÒTIGTOGKUVGTU ,QJCPP $TQMGU $GJTGPU XCT 4 5GJT UEJÌP

3646

3647

3648

4GKEJUVCNGT 5EJKNNKPI OKV 6KVGN 4WFQNHU ++ WPF FGO #D\GKEJGP FGU $ÒTIGTOGKUVGTU *GTOCPP XQP &QTPG $GJTGPU C &CX 9KP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

4GKEJUVCNGT 5EJKNNKPI OKV 6KVGN 4WFQNHU ++ WPF FGO #D\GKEJGP FGU $ÒTIGTOGKUVGTU *GTOCPP XQP &QTPG $GJTGPU XCT &CX /KP 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

4GKEJUVCNGT 5EJKNNKPI OKV 6KVGN 4WFQNHU ++ WPF FGO #D\GKEJGP FGU $ÒTIGTOGKUVGTU *GTOCPP XQP &QTPG $GJTGPU D XCT &CX XCT 5GJT UEJÌP

358

3650

3649

4GKEJUVCNGT 5EJKNNKPI OKV 6KVGN 4WFQNHU ++ WPF FGO #D\GKEJGP FGU $ÒTIGTOGKUVGTU &KGFTKEJ XQP $TÌOUG $GJTGPU D &CX 4 5GJT UEJÌP

4GKEJUVCNGT 5EJKNNKPI OKV 6KVGN 4WFQNHU ++ WPF FGO #D\GKEJGP FGU $ÒTIGTOGKUVGTU )QVVJCTF XQP *ÌXGNP $GJTGPU D C XCT 44 9KP\ 5EJTÌVNKPIUHGJNGT CO 4CPF HCUV UGJT UEJÌP

3651

3652

3653

4GKEJUVCNGT 5EJKNNKPI OKV 6KVGN 4WFQNHU ++ WPF FGO #D\GKEJGP FGU $ÒTIGTOGKUVGTU )QVVJCTF XQP *ÌXGNP $GJTGPU D &CX 4 (GKPG 2CVKPC MN 5EJTÌVNKPIUHGJNGT CO 4CPF UGJT UEJÌP

4GKEJUVCNGT 5EJKNNKPI OKV 6KVGN 4WFQNHU ++ WPF FGO #D\GKEJGP FGU $ÒTIGTOGKUVGTU #NGZCPFGT .ÒPGDWTI $GJTGPU D XCT &CX XIN WGTUV UGNVGPGT ,CJTICPI 5GJT UEJÌP

4GKEJUVCNGT 5EJKNNKPI OKV 6KVGN 4WFQNHU ++ WPF FGO #D\GKEJGP FGU $ÒTIGTOGKUVGTU #NGZCPFGT .ÒPGDWTI $GJTGPU C &CX 44 (GKPG 2CVKPC MN 5EJTÌVNKPIUHGJNGT MN &TWEMUVGNNG UGJT UEJÌP

3654

3655

4GKEJUVCNGT 5EJKNNKPI OKV 6KVGN (GTFKPCPFU ++ WPF FGO #D\GKEJGP FGU $ÒTIGTOGKUVGTU #NGZCPFGT .ÒPGDWTI $GJTGPU F XCT &CX 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

4GKEJUVCNGT 5EJKNNKPI OKV 6KVGN (GTFKPCPFU ++ WPF FGO #D\GKEJGP FGU $ÒTIGTOGKUVGTU #NGZCPFGT .ÒPGDWTI $GJTGPU C E XCT &CX 5GJT UEJÌP

359

3656

3657

4GKEJUVCNGT 5EJKNNKPI OKV 6KVGN (GTFKPCPFU ++ WPF FGO #D\GKEJGP FGU $ÒTIGTOGKUVGTU #NGZCPFGT .ÒPGDWTI $GJTGPU 44 -N 5EJTÌVNKPIUHGJNGT CO 4CPF UGJT UEJÌP

4GKEJUVCNGT 5EJKNNKPI ,CJTGU\CJN UEJNGEJV NGUDCT OKV 6KVGN (GTFKPCPFU ++ WPF FGO #D\GK EJGP FGU $ÒTIGTOGKUVGTU #NGZCPFGT .ÒPGDWTI $GJTGPU F 4 9KP\ 2T·IGUEJY·EJG UGJT UEJÌP

3658

3659

4GKEJUVCNGT 5EJKNNKPI OKV 6KVGN (GTFKPCPFU ++ WPF FGO #D\GKEJGP FGU $ÒTIGTOGKUVGTU #NGZCPFGT .ÒPGDWTI $GJTGPU C XCT &CX 4 5GJT UEJÌP

4GKEJUVCNGT 5EJKNNKPI OKV 6KVGN (GTFKPCPFU ++ WPF FGO #D\GKEJGP FGU $ÒTIGTOGKUVGTU .QTGP\ /ÌNNGT $GJTGPU D E XCT &CX 9KP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

3660 3661

3661

4GKEJUVCNGT 5EJKNNKPI OKV 6KVGN (GTFKPCPFU ++ WPF FGO #D\GKEJGP FGU $ÒTIGTOGKUVGTU #NGZCPFGT .ÒPGDWTI $GJTGPU E 4 *ÒDUEJG 2CVKPC YKP\ 5EJTÌVNKPIUHGJNGT CO 4CPF UGJT UEJÌP

4GKEJUVCNGT 5EJKNNKPI OKV 6KVGN (GTFKPCPFU ++ WPF FGP #D\GKEJGP FGT $ÒTIGTOGKUVGT *GKPTKEJ -ÌJNGT WPF .QTGP\ /ÌNNGT $GJTGPU D &CX (GKPG 2CVKPC YKP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

3662

360

3663

4GKEJUVCNGT 5EJKNNKPI ,CJTGU\CJN KO 5VGORGN CWU IG·PFGTV OKV 6KVGN (GTFKPCPFU ++ WPF FGO #D\GKEJGP FGT $ÒTIGTOGKUVGT *GKPTKEJ -ÌJNGT WPF .QTGP\ /ÒNNGT $GJTGPU 4 *ÒDUEJG 2CVKPC UGJT UEJÌP

4GKEJUVCNGT 5EJKNNKPI OKV 6KVGN (GTFKPCPFU ++ WPF FGO #D\GKEJGP FGU $ÒTIGTOGKUVGTU .QTGP\ /ÌNNGT $GJTGPU C 44 5GJT UEJÌP

3664

3666

3665

4GKEJUVCNGT 5EJKNNKPI OKV 6KVGN (GTFKPCPFU ++ WPF FGP #D\GKEJGP FGT $ÒTIGTOGKUVGT *GKPTKEJ -ÌJNGT WPF .QTGP\ /ÌNNGT $GJTGPU F C XCT &CX -N 2T·IGUEJY·EJG UGJT UEJÌP

4GKEJUVCNGT 5EJKNNKPI OKV 6KVGN (GTFKPCPFU ++ WPF FGP #D\GKEJGP FGT $ÒTIGTOGKUVGT *GKPTKEJ -ÌJNGT WPF .QTGP\ /ÌNNGT $GJTGPU F XCT &CX #VVTCMVKXGU 'ZGORNCT OKV JÒDUEJGT 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

4GKEJUVCNGT 5EJKNNKPI OKV 6KVGN (GTFKPCPFU ++ WPF FGP #D\GKEJGP FGT $ÒTIGTOGKUVGT *GKPTKEJ -ÌJNGT WPF .QTGP\ /ÌNNGT $GJTGPU XCT 8QP ITQGT 5GNVGPJGKV 5EJÌP

3667

3668

4GKEJUVCNGT OKV FGO #D\GKEJGP FGU $ÒTIGTOGKUVGTU #FQNRJ /CVVJ·WU 4QFFG CWH FKG ,CJTHGKGT FGT 4GHQTOCVKQP $GJTGPU E 5NI 9JKVKPI XCT 5GJT CVVTCMVKXGU 'ZGORNCT OKV HGKPGT 2CVKPC XQT\ÒINKEJ

4GKEJUVCNGT 5EJKNNKPI $GJTGPU , 44 #VVTCMVKXGU 'ZGORNCT OKV HGKPGT 2CVKPC HCUV XQT\ÒINKEJ

3669

3670

4GKEJUVCNGT OKV FGO #D\GKEJGP FGU $ÒTIGTOGKUVGTU *GKPTKEJ $CNGOCPP CWH FKG ,CJTHGKGT FGT ªDGTICDG FGT #WIUDWTIGT -QPHGUUKQP $GJTGPU C &CX , 5NI 9JKVKPI (GKPG 2CVKPC YKP\ -TCV\GT UGJT UEJÌP

4GKEJUVCNGT OKV 6KVGN -CTNU 8+ I )GMTÌPVGT &QRRGNCFNGT CWH FGT $TWUV 5VCFVYCRRGP WPVGP FCU #D\GKEJGP FGU $ÒTIGTOGKUVGTU *GKPTKEJ $CNGOCPP 5V ,QJCPPGU UVGJV HCUV X X FGP -QRH PCEJ N IGYCPFV OKV .COO $WEJ WPF (CJPG KP FGT .KPMGP WPVGP /ÒP\OGKUVGT\GKEJGP , · , · , · · ,QJCPP ,WUVWU ,CUVGT CWU *KNFGUJGKO CP FGT DKUEJÌHNKEJGP NÒDKUEJGP /ÒP\G KP 'WVKP $GJTGPU &CX , 2TCEJVGZGORNCT #WUFTWEMUXQNNG 2CVKPC HCUV 5VGORGNINCP\ 361

3672

3671

4GKEJUVCNGT OKV 6KVGN -CTNU 8++ WPF FGO #D\GKEJGP FGU $ÒTIGTOGKUVGTU *GKPTKEJ $CNGOCPP $GJTGPU &CX , 44 (GKPG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

5EJKNNKPI $GJTGPU D ,

.165 5EJKNNKPI $GJTGPU 5VÒEM 5GJT UEJÌP

5EJKNNKPI $GJTGPU

-NGKPG 5COONWPI XQP *QJNRHGPPKIGP WPF $NCHHGTVU FGU ,CJTJWPFGTVU +PVGTGUUCPVGU .QV DKVVG DGUKEJVKIGP 5VÒEM 6GKNYGKUG UGNVGP 5EJÌPpUGJT UEJÌP

44 5GJT UEJÌP

5VÒEM 5GJT UEJÌP

.ÒDGEM UKGJG CWEJ 0TP

.ª0'$74)

56#&6

&QRRGNUEJKNNKPI -P[RJ

'4<$+567/

ex 3678

3677

3676

5GJT UEJÌP

/#)&'$74)

9KEJOCPP XQP 5GGDWTI $TCMVGCV I *ÒHVDKNF FGU JGKNKIGP /QTKV\ X X OKV LG GKPGT -TGW\MWIGN OKV &TGKDNCVV KP LGFGT *CPF FCTÒDGT &TGKDQIGP OKV -KTEJGPIGD·WFG \YKUEJGP \YGK 6ÒTOGP $GTIGT 5NI *CWUYCNFV 5WJNG 'VYCU FG\GPVTKGTV UGJT UEJÌP

9KNDTCPF XQP -·HGTPDWTI $TCMVGCV WO I 'T\DKUEJQH UVGJV X X OKV \YGK -TGW\UV·DGP KP FGP GTJQDGPGP *·PFGP \YKUEJGP \YGK 6ÒTOGP CWH 7PVGTDCW &C\W $TCMVGCV WO I $ÒUVG FGU 'T\DKUEJQHU OKV -TWOO WPF -TGW\UVCD X X WPVGT )KGDGN OKV XKGT 6ÒTOGP $TCMVGCV WO I 'T\DKUEJQH UVGJV X X OKV -TWOO WPF -TGW\UVCD \YKUEJGP \YGK 6ÒTOGP CWH CWUY·TVU IGDQIGPGP 5VKGNGP WPVGP GDGPHCNNU \YGK 6ÒTOEJGP $GTIGT 5NI *CWUYCNFV 5VÒEM (CUV UGJT UEJÌP WPF UGJT UEJÌP

3679

3680

,QCEJKO (TKGFTKEJ XQP $TCPFGPDWTI 4GKEJUVCNGT *CNNG &CX X 5EJT XCT 4 (WPFGZGORNCT 'VYCU $GNCI NGKEJV MQTTQFKGTV UGJT UEJÌP

%JTKUVKCP 9KNJGNO XQP $TCPFGPDWTI 4GKEJUVCNGT *CNNG X 5EJT 44 9KP\ -TCV\GT UGJT UEJÌP

362

3681

3682

4GKEJUVCNGT *CNNG X 5EJT

44 *ÒDUEJG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

&QOMCRKVGN 4GKEJUVCNGT *CNNG QFGT /CIFGDWTI &CX X 5EJT 9KP\ 5EJTÌVNKPIHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

3683

3684

#WIWUV XQP 5CEJUGP 9GKUUGPHGNU 4GKEJUVCNGT *CNNG I )GJCTPKUEJVGU $TWUV DKNF X X OKV (GNFDKPFG #EJVHCEJ DGJGNOVGU HGNFKIGU 9CRRGP &CX X 5EJT 44 -N 5EJTÌVNKPIUHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

6CNGT *CNNG X 5EJT

9KP\ 5EJTÌVNKPIUHGJNGT NGKEJVG 2T·IGUEJY·EJG XQT\ÒINKEJ

3685

3686

6CNGT *CNNG &CX X 5EJT

3685

-N 2T·IGUEJY·EJG UGJT UEJÌPpXQT\ÒINKEJ

56#&6

4GKEJUVCNGT OKV 6KVGN (GTFKPCPFU ++ &CX X 5EJT

#VVTCMVKXG 2CVKPC UGJT UEJÌP

3687

)TQUEJGP IGRT·IV Y·JTGPF FGT $GNCIGTWPI FWTEJ FGP MCKUGTNKEJGP )GPGTCN #NDTGEJV XQP 9CN NGPUVGKP /KV )GIGPUVGORGN CWH FGT 8QTFGTUGKVG 4QUG $TCWUG /CPUHGNF 6H X 5EJT 44 2CVKPC HCUV UGJT UEJÌP

&KG $ÒTIGT /CIFGDWTIU YKFGTUGV\VGP UKEJ FGT &WTEJHÒJTWPI FGU MCKUGTNKEJGP 4GUVKVWVKQPUGFKMVGU #NDTGEJV XQP 9CNNGPUVGKP DGNCIGTVG FKG 5VCFV XGTIGDNKEJ #WEJ CNU 2CRRGPJGKO FGT MÒJPUVG WPF VCVMT·HVKIUVG #PHÒJTGT 9CNNGP UVGKPU XQT FCU -GV\GTPGUV TÒEMVG WPF FGT (GNFJGTT UGNDUV KO .CIGT GTUEJKGP YWTFG FGT VTQV\KIG /WV FGT $ÒTIGT UEJCHV PKEJV IGDGWIV 0CEJ UEJYGTGP 8GTNWUVGP OKV UGKPGP 6TWRRGP \QI #NDTGEJV XQP 9CNNGPUVGKP UEJNKGNKEJ YKGFGT CD 9·JTGPF FGT <GKV FGT $GNCIGTWPI UKPF FKG 0QVOÒP\GP \WT $G\CJNWPI FGT 6TWRRGP IGUEJNCIGP YQTFGP YCJT UEJGKPNKEJ CWU FGO 5KNDGT FGT VCRHGTGP $ÒTIGT WPF +PPWPIGP

363

3688

3689

3690

6CNGT &CX X 5EJT

6CNGT X 5EJT 5GJT UGNVGP KP FKGUGT 'TJCNVWPI -N 2T·IGUEJY·EJG KO 4CPFDGTGKEJ XQT\ÒINKEJp5VGORGNINCP\

6CNGT &CX X 5EJT

1,5:1

'4<$+567/

5GJT UEJÌP

.GKEJV LWUVKGTV HCUV XQT\ÒINKEJ

3691

1,5:1

/#+0<

9GTPGT XQP 'RRUVGKP 2HGPPKI *QHIGKUOCT I 9'4 $KUEJQH OKV /KVTC -TWOO UVCD WPF 4GKEJUCRHGN UKV\V X X 4+' %+8 )KGDGN FCTCWH GKP ITQGT 6WTO \YKUEJGP \YGK YGKVGTGP MNGKPGTGP 6ÒTOGP FCTWPVGT FCU /CKP\GT 4CF \W FGP 5GKVGP LG GKP $QIGP 5NI $QPJQHH 5NI 9CNVJGT 8QP ITQGT 5GNVGPJGKV 5GJT UEJÌP

3692

#NDTGEJV ++ XQP $TCPFGPDWTI 5KNDGTIWOGFCKNNG XGTOWVNKEJ CWU FGT 9GTMUVCVV /CVVJKCU )GDGN $TWUVDKNF T OKV $KTGVV -CTFKPCNUJWV ÒDGT XKGTHGNFKIGO 9CRRGP OKV /KVVGNUEJKNF FCJKPVGT -TWOOUVCD WPF 5EJYGTV IGMTGW\V FKG 4ÒEMUGKVGPWOUEJTKHV GPVJ·NV FGP 6KVGN FGU 'T\DKUEJQHU XQP /CIFGDWTI WPF *CNDGTUVCFV OO I *CDKEJ + 5NI 9CNVJGT <GKVIGPÌUUKUEJGT )W 8QT\ÒINKEJ GTJCNVGP #NDTGEJV XQP $TCPFGPDWTI YCT GKPGT FGT DGFGWVGPFUVGP #WHVTCIIGDGT XQP 5EJCWOÒP\GP 0GDGP /CVVJKCU )GDGN CTDGKVGVGP *CPU 5EJYCT\ %JKUVQRJ 9GKFKV\ WPF *CPU 4GKPJCTF FGT NVGTG HÒT KJP &KG 8QTNKGDG FGU -CTFKPCNU FCU GKIGPG $KNFPKU \W XGTUEJGPMGP UEJNWI UKEJ PGDGP FGP 5EJCWOÒP\GP KP FGP DGKFGP DGMCPPVGP -WRHGTUVKEJGP #NDTGEJV &ÒTGTU PKGFGT 'KP #DIW FGT 5EJCWOÒP\G DGHKPFGV UKEJ KO )KGDGNHGNF FGT 5CTIRNCVVG #NDTGEJVU JGTIGUVGNNV XQO (TCPMHWTVGT )KGGT %QPTCF )QDGN JGWVG KO -WPUVIGYGTDGOWUGWO $GTNKP

364

3693

5GFKUXCMCP\ 5KNDGTOGFCKNNG XQP 9 5EJ·HHGT &GT *GKNKIG /CTVKP OKV 5EJYGTV TGKVGV N WPF VGKNV UGKPGP /CPVGN OKV GKPGO CO $QFGP NKGIGPFGP $GVVNGT WOJGT FKG 9CRRGP FGT &QOJGTTGP &CU 9CRRGP FGU &QOMCRKVGNU WOJGT FKG 9CRRGP FGT ÒDTKIGP &QOJGTTGP OO I 5NI 9CNVJGT <GRGTPKEM 4 #VVTCMVKXG 2CVKPC MN 4CPFHGJNGT XQT\ÒINKEJ

3694

3695

3696

/#05('.& /#05('.& 814&'4146+5%*' .+0+' )4#(5%*#(6

*Q[GT 8+ )GDJCTF 8++ #NDTGEJV 8++ WPF 2JKNKRR ++ 6CNGT 'KUNGDGP &CX 6QTPCW <CRQPKGTV YKP\ 5EJTÌVNKPIUTK UGJT UEJÌPpXQT\ÒINKEJ

/#05('.& '+5.'$'0 )4#(5%*#(6

,QDUV ++ 4GKEJUVCNGT 'KUNGDGP CWH UGKPGP 6QF &CX 6QTPCW C 9KP\ *GPMGNURWT MN 5EJTÌVNKPIUTK UGJT UEJÌP

/#05('.& (4+'&'$74) )4#(5%*#(6

2GVGT 'TPUV + $TWPQ ++ )GDJCTF 8+++ WPF ,QJCPP )GQTI +8 4GKEJUVCNGT 'KUNGDGP 6QTPCW D 5GJT UEJÌP

3697

)'24 )' &'4 )4#('0 &'4 814&'4146.+0+'0

#PQP[O &TGKGT 'KUNGDGP 6QTPCW C

4 5GJT UEJÌP

365

3698

3699

3700

/#05('.& 5%*4#2.#7 )4#(5%*#(6

%JTKUVQRJ ++ ,QJCPP #NDTGEJV WPF $TWPQ ++ 4GKEJUVCNGT Q , 'KUNGDGP &CX 6QTPCW D -N 5VGORGNHGJNGT UGJT UEJÌP

/#05('.& *+06'4146+5%*' .+0+' )4#(5%*#(6

&CXKF 4GKEJUVCNGT 'KUNGDGP 5RTWEJVCNGT &CX 6QTPCW D 5GJT UEJÌP 4GKEJUVCNGT 'KUNGDGP 5RTWEJVCNGT &CX 6QTPCW D <CRQPKGTV UGJT UEJÌP

3701

3702

3703

4GKEJUVCNGT 'KUNGDGP 5RTWEJVCNGT OKV NCVGKPKUEJGO 9CJNURTWEJ &CX 6QTPCW <CRQPKGTV UGJT UEJÌP

(TKGFTKEJ %JTKUVQRJ CNNGKP 4GKEJUVCNGT 'KUNGDGP 6QTPCW E %JTKUVKCP (TKGFTKEJ 4GKEJUVCNGT 'KUNGDGP &CX 6QTPCW H

366

5GJT UEJÌP 5GJT UEJÌP

3705

3704

3705

/'%-.'0$74) /'%-.'0$74) (ª456'067/ 5'+6 *'4<1)67/

#PQP[O *QJNRHGPPKI 'PFG FGU ,CJTJWPFGTVU I 5VKGTMQRH OKV -TQPG WPF JGTCWUJ·PIGPFGT <WPIG 1GTV\GP 5GJT UEJÌP

#NDTGEJV 8++ &QRRGNUEJKNNKPI )ÒUVTQY I )GJCTPKUEJVGU $TWUVDKNF JCNDN OKV $CTGVV WPF WOIGNGIVGO 2GN\OCPVGN OKV FGT .KPMGP 4QUGVVG JCNVGPF N b CWH FGT TGEJVGP 5GKVG CP FGT WTURTÒPINKEJ FGT $WEJUVCDG H \W NGUGP YCT KUV FGT )GIGPUVGORGN XQP /GEMNGPDWTI GKPIGUEJNCIGP YQT FGP )GMTÌPVGT 5VKGTMQRH &KG 9CRRGP XQP /GEMNGPDWTI 4QUVQEM 5VCTICTF WPF 9GTNG KPU -TGW\ IGUVGNNV KP FGT /KVVG FCU 5EJYGTKPGT 9CRRGP \YKUEJGP FGP DGKFGP QDGTGP 9CRRGP FKG ,CJTGU\CJN 'XGTU XIN FQTV CNU 5RGEKGUVCNGT DG\GKEJPGV -WP\GN # K 5NI )CGVVGPU XCT 44 -N 5EJTÌVNKPIUTKUUG HCUV XQT\ÒINKEJ

3707 3706

3706

6CNGT )CFGDWUEJ I )GJCTPKUEJVGU $TWUVDKNF HCUV X X OKV 1TFGPUMGVVG WPF WOIGNGIVGO /CPVGN $NWOGPMTGW\ KP FGP 9KPMGNP FKG 9CRRGP XQP /GEMNGPDWTI 4QUVQEM 5VCTICTF WPF 9GTNG KP FGT /KVVG FCU 5EJYGTKPGT 9CRRGP #O #PHCPI FGT 8QTFGT WPF 4ÒEMUGKVGPWOUEJTKHV FCU /ÒP\OGKUVGT\GK EJGP .CWDDNCVV $GTPJCTF ,WPIGNKPIM /ÒP\OGKUVGT KP )CFGDWUEJ &CX 'XGTU -WP\GN $ C 5NI )CGVVGPU -N 5EJTÌVNKPIUTK UGJT UEJÌP

*GKPTKEJ 8 &QRRGNUEJKNNKPI )TGXGUOÒJNGP I -QRH N \W FGP 5GKVGP < 8KGTHGNFKIGU 9CRRGP OKV /KVVGNUEJKNF 'XGTU XCT FQTV CNU 1TVUVCNGT DG\GKEJPGV -WP\GN $ C 5NI )CGVVGPU XCT )WVGU 2QTVT·V HCUV XQT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 6ÌPWPI

3708

3709

5GEJUNKPI )TGXGUOÒJNGP I &GT OGEMNGPDWTIKUEJG 5VKGTMQRH FCTÒDGT ² * ² * ² \W FGP 5GKVGP FGT -TQPG FKG ,CJTGU\CJN QDGP KP FGT 7OUEJTKHV FCU /ÒP\OGKUVGT\GKEJGP 'KEJGN /KEJCGN 'KEMJQH /ÒP\OGKUVGT KP )TGXGUOÒJNGP .CPIMTGW\ KP FGP 9KPMGNP ) QVVGU 9 QTV $ NGKDV ' YKI 'XGTU FQTV CNU 5EJKNNKPI DG\GKEJPGV -WP\GN % C 5NI )CGVVGPU (CUV XQT\ÒINKEJ

,QJCPP #NDTGEJV + CD KP 5EJYGTKP 6CNGT )CFGDWUEJ <YKVVGTRT·IWPI OKV FGT ,CJTGU\CJN CWH DGKFGP 5GKVGP I $TWUVDKNF JCNDN OKV $CTGVV \W FGP 5GKVGP QDGP KP FGT 7OUEJTKHV FCU /ÒP\OGKUVGT\GKEJGP .CWDDNCVV $GTPJCTF ,WPIGNKPIM /ÒP\OGKUVGT KP )CFGDWUEJ &TGKHCEJ DGJGNOVGU XKGTHGNFKIGU 9CRRGP OKV /KVVGNUEJKNF WPVGP \W FGP 5GKVGP &CX 'XGTU -WP\GN $ D 5NI )CGVVGPU XCT 44 <CRQPKGTV 2TQDKGTURWT CO 4CPF UEJÌPpUGJT UEJÌP

367

3711 3710

3710

/'%-.'0$74) )ª56419 *'4<1)67/

7NTKEJ +++ 4GKEJUVCNGT )TGXGUOÒJNGP I $TWUVDKNF HCUV X X OKV JQJGO *WV WPF WOIGNGIVGO /CPVGN 5VKGT WPF )TGKH JCNVGP FCU FTGKHCEJ DGJGNOVG XKGTHGNFKIG 9CRRGP OKV /KVVGN UEJKNF QDGP KP FGT 7OUEJTKHV /ÒP\OGKUVGT\GKEJGP 'KEJGN *CPU 'KUGPDGKP /ÒP\OGKUVGT KP )TGXGU OÒJNGP &CX 'XGTU -WP\GN # D 5NI )CGVVGPU XCT 5GJT UEJÌP

,QJCPP #NDTGEJV ++ 4GKEJUVCNGT )PQKGP I )GJCTPKUEJVGU $TWUVDKNF T OKV 5RKV\GPMTCIGP WPF WOIGNGIVGO /CPVGN \W FGP 5GKVGP << &TGKHCEJ DGJGNOVGU XKGTHGNFKIGU 9CR RGP OKV /KVVGNUEJKNF WPVGP KP FGT 7OUEJTKHV FCU /ÒP\OGKUVGT\GKEJGP 'KPJQTP 0KEQNCWU 0GV\GDCPFV /ÒP\OGKUVGT KP )PQKGP 'XGTU -WP\GN # C 5NI )CGVVGPU 44 )WVGU 2QTVT·V UGJT UEJÌPGU 'ZGORNCT OKV HGKPGT 2CVKPC

3712

3713

4GKEJUVCNGT )PQKGP I )GJCTPKUEJVGU $TWUVDKNF T OKV 5RKV\GPMTCIGP WPF WOIGNGIVGT (GNFDKPFG &TGKHCEJ DGJGNOVGU XKGTHGNFKIGU 9CRRGP OKV /KVVGNUEJKNF WPVGP KP FGT 7OUEJTKHV FCU /ÒP\OGKUVGT\GKEJGP 'KPJQTP 0KEQNCWU 0GV\GDCPFV /ÒP\OGKUVGT KP )PQKGP 'XGTU -WP\GN # D 5NI )CGVVGPU XCT 44 8QT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 6ÌPWPI

4GKEJUVCNGT )PQKGP I )GJCTPKUEJVGU $TWUVDKNF T OKV 5RKV\GPMTCIGP WPF WOIGNGIVGT (GNFDKPFG &TGKHCEJ DGJGNOVGU XKGTHGNFKIGU 9CRRGP OKV /KVVGNUEJKNF WPVGP KP FGT 7OUEJTKHV FCU /ÒP\OGKUVGT\GKEJGP 'KPJQTP 0KEQNCWU 0GV\GDCPFV /ÒP\OGKUVGT KP )PQKGP 'XGTU XCT -WP\GN $ C 5NI )CGVVGPU XCT 44 -N 5EJTÌVNKPIUHGJNGT UGJT UEJÌP 'ZGORNCT FGT 5COONWPI 9KVVG 0T

3714

3715

3716

4GKEJUQTV 6CNGT )PQKGP I &TGKHCEJ DGJGNOVGU XKGTHGNFKIGU 9CRRGP OKV /KVVGN UEJKNF 9GTV WPF ,CJTGU\CJN KP XKGT <GKNGP QDGP KP FGT 7OUEJTKHV FCU /ÒP\OGKUVGT\GKEJGP 'KPJQTP

0KEQNCWU 0GV\GDCPFV /ÒP\OGKUVGT KP )PQKGP 'XGTU -WP\GN $ C 5NI )CGVVGPU 5GNVGPG 8CTKCPVG 2T·IGUEJY·EJG UGJT UEJÌP

4GKEJUQTV 6CNGT )PQKGP <YKVVGTRT·IWPI OKV FGT ,CJTGU\CJN CWH DGKFGP 5GKVGP I )GJCTPKUEJVGU $TWUVDKNF T OKV 5RKV\GPMTCIGP WPF WOIGNGIVGT (GNFDKPFG \W FGP 5GKVGP << 9GTV WPF ,CJTGU\CJN KP XKGT <GKNGP WPVGP KP FGT 7OUEJTKHV FCU /ÒP\OGKUVGT\GKEJGP 'KPJQTP 0KEQNCWU 0GV \GDCPFV /ÒP\OGKUVGT KP )PQKGP 'XGTU -WP\GN # C 5NI )CGVVGPU )WVGU 2QTVT·V 8QT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 6ÌPWPI

368

3717

/'%-.'0$74) 5%*9'4+0 *'4<1)67/ 5'+6 )4155*'4<1)67/

#FQNH (TKGFTKEJ 4GKEJUVCNGT )CFGDWUEJ I )GJCTPKUEJVGU $TWUVDKNF T OKV ITQGO -TCIGP WPF WOIGNGIVGT (GNFDKPFG QDGP KP FGT 7OUEJTKHV /ÒP\OGKUVGT\GKEJGP <CKPJCMGP

5KOQP .ÒFGOCPP /ÒP\OGKUVGT KP )CFGDWUEJ 5VKGT WPF )TGKH JCNVGP FCU FTGKHCEJ DG JGNOVG XKGTHGNFKIG 9CRRGP OKV /KVVGNUEJKNF &CX 'XGTU XCT -WP\GN # D 5NI )CGV VGPU XCT 4 #VVTCMVKXG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

3718

3719

%JTKUVKCP + .WFYKI 6CNGT )WNFGP UR·VGTG 2T·IWPI CD 4CV\GDWTI I )GJCTPKUEJVGU $TWUVDKNF T OKV *CNUVWEJ CO #TO 1XCN FCTKP FKG 9GTV\CJN <YGK WPDGMNGKFGVG 'PIGN JCNVGP FCU IGMTÌPVG UGEJUHGNFKIG 9CRRGP OKV /KVVGNUEJKNF WOJGT FKG -GVVGP FGU 5V /KEJCGN QTFGPU WPF FGU *GKNKI )GKUV 1TFGPU CO 'PFG FGT 7OUEJTKHV /ÒP\OGKUVGT\GKEJGP 5VGTP /KEJCGN 9CIPGT /ÒP\OGKUVGT KP 4CV\GDWTI &CX 'XGTU XCT -WP\GN # C 5NI )CGVVGPU 9KP\ <CKPGPFG XQT\ÒINKEJ

4GKEJUVCNGT *CNNG CWH FGP 6QF UGKPGT 5EJYGUVGT #PPC /CTKC )GOCJNKP *GT\QI #WIWUVU XQP 5CEJUGP 9GKUUGPHGNU I <GKNGP 5EJTKHV KP FGT WPVGTUVGP <GKNG UVGJV FCU /ÒP\OGKUVGT\GKEJGP ** XGTDWPFGP Û ( Û *CPU *GKPTKEJ (TKGUG /ÒP\OGKUVGT KP *CNNG ,CEQDU -CORH OKV FGO 'PIGN 'XGTU -WP\GN 5NI )CGVVGPU 5NI /GTUGD 2TCEJVGZGORNCT OKV HGKPGT 6ÌPWPI 5VGORGNINCP\

3720

3721

4GKEJUVCNGT *CNNG CWH FGP 6QF UGKPGT 5EJYGUVGT #PPC /CTKC )GOCJNKP *GT\QI #WIWUVU XQP 5CEJUGP 9GKUUGPHGNU I /QPQITCOO #/ \YKUEJGP \YGK 2CNO\YGKIGP FKG QDGP FWTEJ GKPG -TQPG \WUCOOGPIGJCNVGP YGTFGP WPVGP \W FGP 5GKVGP FGT <YGKIG UVGJV FCU /ÒP\OGKUVGT\GKEJGP **

XGTDWPFGP ( *CPU *GKPTKEJ (TKGUG /ÒP\OGKUVGT KP *CNNG 5KGDGP <GKNGP 5EJTKHV FCTÒDGT -TGW\ 'XGTU -WP\GN 5NI )CGVVGPU 5NI /GTUGD 8QP ITQGT 5GNVGPJGKV 2TCEJVGZGORNCT OKV HGKPGT 6ÌPWPI 8QT\ÒINKEJp5VGORGNINCP\

(TKGFTKEJ (TCP\ + 5KNDGTOGFCKNNG XQP / .ÌUGT CWH FKG )TÒPFWPI FGU 5GGDCFGU &QDGTCP 1DGNKUM OKV IGMTÌPVGO /QPQITCOO 8QTFGTCPUKEJV FGU &QDGTCPGT $CFGJCWUGU OO I 'XGTU -WP\GN 5NI )CGVVGPU (GKPG 2CVKPC XQT\ÒINKEJ

369

3722

3723

3722

5KNDGTOGFCKNNG XQP ) )ÌV\G WPF & ( .QQU CWH )GDJCTF .GDGTGEJV $NÒEJGT XQP 9CJNUVCVV WPF #TVJWT 9GNNKPIVQP WPF FGP 'KP\WI FGT 'PIN·PFGT WPF 2TGWGP KP 2CTKU -ÌRHG $NÒEJGTU WPF 9GNNKPI VQPU GKPCPFGT IGIGPÒDGT KP .QTDGGTMTCP\ <GKNGP 5EJTKHV OO I -WP\GN /CTKGPD 5NI )CGVVGPU 5QOOGT # (CUV XQT\ÒINKEJ

)GDJCTF .GDGTGEJV (ÒTUV $NÒEJGT XQP 9CJNUVCVV KP 4QUVQEM Ó -TKGDNQYKV\ 5EJNGUKGP UVCOOVG CWU FGO CNVGP OGEMNGPDWTIKUEJGP #FGNUIGUEJNGEJV $NÒEJGT FCU DGTGKVU UGKV FWTEJ 7NTKEJ FG $NWEJGTG WTMWPFNKEJ DG\GWIV KUV 'T UVCPF UGKV \WP·EJUV KP UEJYGFKUEJGP PCEJ UGKPGT )GHCPIGPPCJOG KO 5KGDGPL·JTKIGP -TKGI KP RTGWKUEJGP &KGPUVGP 0CEJ \CJNTGKEJGP 5KGIGP W C ÒDGT 0CRQNGQP + WPF CPFGTGP TWJOTGKEJGP 6CVGP ÒDGTPCJO GT CNU )GPGTCNHGNFOCTUEJCNN FKG RTGWKUEJG #TOGG #TVJWT 9GNNKPIVQP KP &WDNKP Ó KP 9CNOGT %CUVNG )TCHUEJCHV -GPV YCT \WP·EJUV 1HHK\KGT KP 1UVKPFKGP YWTFG 5VCCVUUGMTGV·T HÒT +TNCPF WPF PCJO CP FGO DTKVKUEJGP ªDGTHCNN CWH -QRGPJCIGP VGKN 5GKV M·ORVG GT OKV UGKPGO 'ZRGFKVKQPUMQTRU KP 2QTVWICN WPF 5RCPKGP IGIGP FKG /CTUEJ·NNG 0CRQNGQPU 9GNNKPIVQP YWTFG $GXQNN O·EJVKIGT \WO 9KGPGT -QPITG WPF ÒDGTPCJO PCEJ 0CRQNGQPU 4ÒEMMGJT FKG (ÒJTWPI GKPGT DTKVKUEJ FGWVUEJ JQNN·P FKUEJGP #TOGG KP $GNIKGP WPF GTHQEJV \WUCOOGP OKV FGP 2TGWGP FGP 5KGI DGK .C $GNNG #NNKCPEG 9CVGTNQQ

5KNDGTOGFCKNNG XQP * ( $TCPFV CWH FKG 8GTO·JNWPI UGKPGU 'PMGNU 2CWN (TKGFTKEJ TGI OKV #NGZCPFTKPG 6QEJVGT (TKGFTKEJ 9KNJGNOU +++ XQP 2TGWGP $ÒUVGP FGU 2CCTGU PGDGPGKPCPFGT N KP $NWOGPMTCP\ WPVGP DGHKPFGP UKEJ FKG 9CRRGPUEJKNFG XQP /GEMNGPDWTI WPF 2TGWGP *[OGP HÒJTV GKPG 3WCFTKIC OKV $QTWUUKC WPF /GEMNGPDWTIKMC PCEJ N OO I -WP\GN 5NI )CGVVGPU /CTKGPD 44 2TCEJVGZGORNCT OKV HGKPGT 6ÌPWPI 2QNKGTVG 2NCVVG

3726

3725 3724

6CNGT 5EJYGTKP I $TWUVDKNF N KP 7PKHQTO OKV UEJTCHHKGTVGT 'RCWNGVVG 9GTV #-5 , C -WP\GN C 5NI )CGVVGPU 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 2TCEJVXQNNG 2CVKPC YKP\ <CKPGPFG OKP 5EJTÌVNKPIUHGJNGT HCUV 5VGORGNINCP\

2CWN (TKGFTKEJ -NGKPG 5KNDGTOGFCKNNG XQP , 2 /QPVCIP[ CWH FKG 8GTO·JNWPI UGKPGT 5EJYGUVGT *GNGPG OKV *GT\QI (GTFKPCPF XQP 1TN¾CPU &KG -ÌRHG FGU 2CCTGU PGDGPGKPCPFGT T 5KGDGP <GKNGP 5EJTKHV OO I -WP\GN 5NI )CGVVGPU 8QT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 6ÌPWPI

-NGKPG 5KNDGTOGFCKNNG XQP # $ CWH FKG )GDWTV UGKPGU 0GHHGP .QWKU 2JKNKRRG #NDGTV )TCH XQP 2CTKU -QRH FGU LWPIGP )TCHGP N &TGK <GKNGP 5EJTKHV OO I -WP\GN 5NI )CGVVGPU 5GJT UEJÌP

3727

370

3728

3727

-NGKPG 5KNDGTOGFCKNNG WPUKIPKGTV CWH FKG 6CWHG UGKPGU 0GHHGP .QWKU 2JKNKRRG #NDGTV )TCH XQP 2CTKU $ÒUVG FGU LWPIGP )TCHGP N 6CWHDGEMGP OO I -WP\GN 5NI )CGVVGPU (CUUWPIUURWTGP UGJT UEJÌP

)WNFGP 6CNGT 5EJYGTKP I $ÒUVG T )GMTÌPVGU UGEJUHGNFKIGU 9CRRGP OKV /KVVGN UEJKNF KP .QTDGGTMTCP\ #-5 , -WP\GN # D 5NI )CGVVGPU 2TCEJVGZGORNCT OKV HGKPGT 6ÌPWPI 5VGORGNINCP\

3730

3729

)WNFGP 6CNGT 5EJYGTKP I $ÒUVG T )GMTÌPVGU UGEJUHGNFKIGU 9CRRGP OKV /KVVGN UEJKNF KP .QTDGGTMTCP\ #-5 , -WP\GN # D 5NI )CGVVGPU 8QT\ÒINKEJ

5EJKNNKPI 6CNGT 5EJYGTKP I )GMTÌPVGU UGEJUHGNFKIGU 9CRRGP OKV /KVVGNUEJKNF KP .QTDGGTMTCP\ 9GTV #-5 , -WP\GN # D 5NI )CGVVGPU 8QT\ÒINKEJ

3731

3733

3732

5EJKNNKPI 6CNGT 5EJYGTKP I )GMTÌPVGU /QPQITCOO 9GTV #-5 , C -WP \GN # C 5NI )CGVVGPU 8QT\ÒINKEJ

5EJKNNKPI 6CNGT 5EJYGTKP I )GMTÌPVGU /QPQITCOO 9GTV #-5 , D -WP \GN # E 5NI )CGVVGPU 8QT\ÒINKEJ

2HGPPKI &TGKNKPI 5EJYGTKP I )GMTÌPVGU /QPQITCOO 9GTV #-5 , -WP\GN # C 5NI )CGVVGPU 2TCEJVGZGORNCT (CUV 5VGORGNINCP\

2HGPPKI &TGKNKPI 5EJYGTKP I )GMTÌPVGU /QPQITCOO 9GTV #-5 , -WP\GN # E 5NI )CGVVGPU 2TCEJVGZGORNCT 5VGORGNINCP\

2HGPPKI &TGKNKPI 5EJYGTKP I )GMTÌPVGU /QPQITCOO 9GTV #-5 , -WP\GN # F 5NI )CGVVGPU 5GJT UEJÌP

3736

3738

3737

3738

5KNDGTPG )GFGPMOÒP\G KP 6CNGT )TÌG 5EJYGTKP CWH UGKPGP 6QF I -QRH T &TGK <GKNGP 5EJTKHV KP -TCP\ #-5 , -WP\GN 5NI )CGVVGPU 2TCEJVGZGORNCT 5VGORGNINCP\

5KNDGTPG )GFGPMOÒP\G KP 6CNGT )TÌG 5EJYGTKP CWH UGKPGP 6QF I -QRH T &TGK <GKNGP 5EJTKHV KP -TCP\ #-5 , -WP\GN 5NI )CGVVGPU 2TCEJVGZGORNCT OKV HGKPGT 2CVKPC 5VGORGNINCP\

(TKGFTKEJ (TCP\ ++ 8GTGKPUVCNGT I $ÒUVG T )GMTÌPVGU 9CRRGP #-5 &CX -CJPV -WP\GN # C 6JWP *GTTNKEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\ 5VGORGNINCP\

/GEMNGPDWTI UKGJG CWEJ 0TP

3739

/+0&'0 &+' $'.#)'470) 810 /+0&'0 9 *4'0& &'5 , *4+)'0 -4+')'5

-W /CTKGPITQUEJGP 5VCPIG 9GKPI

44 5EJTÌVNKPIUTKUUG UGJT UEJÌP

371

3740

)4#(5%*#(6

/106(146

#PVQP 8 )WNFGP -TGW\GT .CPIGPCTIGP OKV )GIGPUVGORGN FGU (T·PMKUEJGP -TGKUGU CWH FGT 8QTFGTUGKVG 0 ÒDGT /QPQITCOO (% &CX 'DPGT 8QT\ÒINKEJ

3742

3741

/ª*.*#75'0 +0 6*ª4+0)'0

56#&6

-QPX 6CNGT OKV 6KVGN ,QUGHU ++ &CX , 6CNGT -QPX 6CNGT ,

3744

$+567/

3743

4 5VCTM ÒDGTCTDGKVGV UGJT UEJÌP /KP LWUVKGTV UGJT UEJÌP

3745

/ª056'4

#PQP[OG 2T·IWPI 1VVQ + XQP 1NFGPDWTI ! 2HGPPKI /ÒPUVGT I %68 2#8.85 $TWUVDKNF FGU JGKNKIGP 2CWNWU X X OKV 0KODWU \W FGP 5GKVGP LG GKP 5VGTP /10 6'4+8/ &TGKVÒTOKIGU )GD·WFG OKV #TMCFGP +NKUEJ 8++ 2T·IGUEJY·EJG UGJT UEJÌP

(GTFKPCPF XQP $C[GTP 4GKEJUVCNGT /ÒPUVGT &CX 5EJWN\G C #VVTCMVKXG 2CVKPC UGJT UEJÌP

5GFKUXCMCP\ 4GKEJUVCNGT /ÒPUVGT &CX 5EJWN\G <GRGTPKEM *ÒDUEJG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

372

3747

3746

3748

5GFKUXCMCP\ 5KNDGTOGFCKNNG XQP 2 2 9GTPGT 5V 2CWNWU UVGJV HCUV X X OKV 5EJYGTV WPF $WEJ \YKUEJGP FGT IGVGKNVGP ,CJTGU\CJN WOJGT FKG 9CRRGP FGT ·NVGTGP &QOJGTTGP -CTN FGT )TQG UVGJV X X OKV 5EJYGTV WPF 4GKEJUCRHGN WOJGT FKG 9CRRGP FGT LÒPIGTGP &QOJGTTGP OO I 5EJWN\G <GRGTPKEM *ÒDUEJG 2CVKPC MN 4CPFHGJNGT HCUV XQT\ÒINKEJ

5GFKUXCMCP\ 5KNDGTOGFCKNNG XQP , 6JKGDCWF 5V 2CWNWU UVGJV HCUV X X OKV 5EJYGTV WPF $WEJ WOJGT FKG 9CRRGP FGT &QOJGTTGP OKV 0COGPUUEJKNFGTP -CTN FGT )TQG UVGJV X X OKV 5EJYGTV WPF 4GKEJUCRHGN WOJGT FKG 9CRRGP FGT ÒDTKIGP &QOJGTTGP OKV 0COGPUUEJKNFGTP OO I 5EJWN\G <GRGTPKEM *ÒDUEJG 2CVKPC XQT\ÒINKEJ

4GKEJUVCNGT #WIUDWTI &CX 5EJWN\G <GRGTPKEM 2TCEJVGZGORNCT (GKP \CRQPKGTV HCUV 5VGORGNINCP\

3750

3749

3751

3749

4GKEJUVCNGT #WIUDWTI &CX 5EJWN\G <GRGTPKEM *ÒDUEJG 2CVKPC MN 2TQDKGTURWT CO 4CPF UGJT UEJÌPpXQT\ÒINKEJ

6CNGT /ÒPUVGT /KV 4'+%*5 (7'5 KP FGT 4ÒEMUGKVGPWOUEJTKHV 5EJWN\G <GRGTPKEM 0CEJVTCI 5GJT UEJÌP

6CNGT /ÒPUVGT /KV 4'+%*5 (8'5 KP FGT 4ÒEMUGKVGPWOUEJTKHV 5EJWN\G <GRGTPKEM 8QT\ÒINKEJ

373

3752

5GFKUXCMCP\ 5KNDGTOGFCKNNG XQP & ( QFGT ( 9 .QQU 5V 2CWNWU UVGJV HCUV X X OKV 5EJYGTV WPF $WEJ WOJGT FKG 9CRRGP FGT &QOJGTTGP OKV 0COGPUEJKNFGTP -CTN FGT )TQG UVGJV X X OKV 5EJYGTV WPF 4GKEJUCRHGN WOJGT FKG 9CRRGP FGT ÒDTKIGP &QOJGTTGP OKV 0COGPUEJKNFGTP OO I 5EJWN\G 5QOOGT # <GRGTPKEM 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

3755

3753 3755

-QPX 6CNGT %NCWUVJCN 5EJWN\G <GRGTPKEM 0CEJVTCI 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC HCUV 5VGORGNINCP\

6CNGT %NCWUVJCN 5EJWN\G <GRGTPKEM

9KP\ -TCV\GT HCUV XQT\ÒINKEJ

&'4 9'56( .+5%*' (4+'&'0 810 /ª056'4 70& 150#$4ª%-

/ÒPUVGT 5VCFV 5KNDGTOGFCKNNG XQP ' -GVVGNGT CWH FGP 9GUVH·NKUEJGP (TKGFGP 5VCFVCPUKEJV XQP /ÒPUVGT FCTÒDGT 2CNO WPF .QTDGGT\YGKI IGMTGW\V &TGK 6CWDGP FKG FGP -CKUGT (TCPMTGKEJ WPF 5EJYGFGP U[ODQNKUKGTGP JCNVGP OKV KJTGP 5EJP·DGNP LG GKPGP ¤N\YGKI ÒDGT GKP -KUUGP CWH FGO -TQPG WPF <GRVGT NKGIGP OO I &GVJ 1TF 2CZ KP 0WOOKU 8QT\ÒINKEJ

3757 3756

3756

0#55#7 0#55#7 &+'< 14#0+'0 (ª456'067/

9KNJGNO +8 (TKUQ )GPGTCNUVCVVJCNVGT FGT 0KGFGTNCPFG 5KNDGTOGFCKNNG XQP , ) *QNV\JG[ CWH UGKPGP 6QF $TWUVDKNF T FCTÒDGT GKP -TCP\ CWU 5VGTPGP IGDKNFGV 5CTMQRJCI WPVGT IGMTÌPVGO /CPVGN CWH FGO 5CTI GKP MNGKPGT )GPKWU OKV \YGK 9CRRGPUEJKNFGP OO I 8GTX X .QQP 5EJÌPG 2CVKPC OKP RT·IGDGFKPIVG 4CPFWPGDGPJGKVGP HCUV 5VGORGNINCP\

0#55#7 *'4<1)67/ 374

(TKGFTKEJ #WIWUV \W 7UKPIGP -TGW\GT #-5 , 44 -N 2T·IGUEJY·EJG UGJT UEJÌP

3758

3759

-QPX 6CNGT /KV .CWDTCPF FKG 4ÒEMUGKVGPWOUEJTKHV DGIKPPV WPVGP NKPMU #-5 XCT &CX -CJPV XCT 6JWP XCT 2TCEJVGZGORNCT 9KP\ 5EJTÌVNKPIUHGJNGT 5VGORGNINCP\

9KNJGNO -TQPGPVCNGT #-5 &CX -CJPV 6JWP 5EJTÌVNKPIUHGJNGT HCUV 5VGORGNINCP\

3760

3761

-TQPGPVCNGT #-5 &CX -CJPV 6JWP

#VVTCMVKXG 2CVKPC XQT\ÒINKEJ

#FQNRJ &QRRGNVGT 8GTGKPUVCNGT #-5 &CX -CJPV 6JWP 8QT\ÒINKEJp5VGORGNINCP\

3762

3763

8GTGKPUVCNGT #-5 &CX -CJPV 6JWP

56#&6

3763

8QT\ÒINKEJp5VGORGNINCP\

014&*#75'0

5KNDGTOGFCKNNG Q , ITCXKGTV XQP 9 -WNNTKEJ \WT 'TKPPGTWPI CP FKG 5KNDGTJQEJ\GKV FGU 2TKP\GP 9KNJGNO UGKV 9KNJGNO + WPF FGT 2TKP\GUUKP #WIWUVC XQP 5CEJUGP 9GKOCT 'KUGPCEJ KO ,CJTG /KV ITCXKGTVGT 9KFOWPI FGT .QIG <WT IGMTÌPVGP 7PUEJWNF KP 0QTFJCWUGP HÒT ( % 5VGKIGT WPF )CVVKP \WT 5KNDGTJQEJ\GKV $ÒUVGP 9KNJGNOU WPF FGUUGP )GOCJNKP #WIWUVC PGDGPGKPCPFGT T .CWDMTCP\ FCTKP <GKNGP ITCXKGTVG 5EJTKHV OO I *<% 5QOOGT - - FQTV CPFGTG )TCXWT (GKPG 2CVKPC YKP\ -TCV\GT XQT\ÒINKEJ

&KG XQTNKGIGPFG /GFCKNNG YWTFG QHHGPUKEJVNKEJ CWUUEJNKGNKEJ CP .QIGPOKVINKGFGT \WT 5KNDGTPGP *QEJ\GKV XGTUEJGPMV WPF \YCT DKU KP FKG GT ,CJTG FGU ,CJTJWPFGTVU JKPGKP &KG GPVURTGEJGPFG 9KFOWPI YWTFG KP FCU HTGKG (GNF GKPITCXKGTV 5KGJG CWEJ 0T

375

3765

3764

0ª40$'4)

56#&6

3764

-W 4GEJGPRHGPPKI XQP &COKCP -TCWYKPEMGN 5EJWNRHGPPKI 4GEJGPOGKUVGT UKV\V CP 4GEJGPVKUEJ CWH FGO GKP 4GEJPWPIUDWEJ XKGT 4GEJGPRHGPPKIG WPF GKP /ÒP\U·EMEJGP NKGIGP WPVGT FGP (ÒGP FGU 4GEJGPOGKUVGTU GKP 2WPMV WPVGT *CNDDQIGP QDGP JGTWO 2WPMVG #NRJCDGVJ FCTWPVGT ,CJTGU\CJN 0GWOCPP 5NI 'TNCPIGT 5VCN\GT 6H -N <CKPGPFG UGJT UEJÌP

4GKEJUIWNFKPGT 2HNGIGCOVUIWNFKPGT I <YGK 5VCFVUEJKNFG KP .QTDGGTMTCP\ WOJGT 9CRRGP MTGKU FGT PÒTPDGTIKUEJGP 2HNGIG·OVGT 5KGDGP <GKNGP 5EJTKHV WOJGT FKG 2CVTK\KGTYCRRGP FGT NVG UVGP FGU *QJGP 4CVU )GJGKOGT 4CV &CX -GNNPGT #PO 5NI 'TNCPIGT FQTV CNU 6CNGT DG\GKEJPGV 4 4GUVG XQP CNVGT 'OCKNNKGTWPI UGJT UEJÌP &KG 9CRRGP FGT 2HNGIG·OVGT GTIGDGP UKEJ YKG HQNIV KO 7JT\GKIGTUKPP 9ÌJTF #NVFQTH .CWH )T·HGPDGTI 4GK EJGPGEM *KNRQNVUVGKP *QJGPUVGKP 'PIGNVJCN 2KNNGPTGWVJ 9KNFGPHGNU *CWGEM 5VKGTDGTI .KEJVGPCW 2GV\GPUVGKP 8GNFGP WPF *KTUEJDTWEM

3767

ex 3766

5KNDGTPG 2T·OKGPOGFCKNNG HÒT FKG -NCUUG WPUKIPKGTV FGT 7PKXGTUKV·V #NVFQTH -GT\G WPF 5QPPG 5EJTKHV 5NI 'TNCPIGT $N·VVGT HÒT /ÒP\HTGWPFG 6H 0T &C\W 5KNDGTPG 2T·OKGP OGFCKNNG HÒT FKG -NCUUG WPUKIPKGTV FGT 7PKXGTUKV·V #NVFQTH EKDIKON OMMA QEOU #TO CWU 9QNMGP J·NV $NKV\ WPVGP GKPG CWH FGO 4ÒEMGP NKGIGPFG )GUVCNV FKG FGP TGEJVGP #TO GORQT UVTGEMV 8KGT <GKNGP 5EJTKHV KP 'PIGNUMCTVWUEJG FCTÒDGT -TCP\ 5NI 'TNCPIGT $N·VVGT HÒT /ÒP\ HTGWPFG 5VÒEM $GKFG UGJT UGNVGP *GPMGNURWT XGTIQNFGV Z UGJT UEJÌP )WNFGPVCNGT -TGW\GT OKV 6KVGN 4WFQNHU ++ &CX -GNNPGT (CUV XQT\ÒINKEJ

3769 3768

)WNFGPVCNGT -TGW\GT OKV 6KVGN 4WFQNHU ++ &CX -GNNPGT

5GJT UEJÌP

5KNDGTPG 2T·OKGPOGFCKNNG HÒT FKG -NCUUG WPUKIPKGTV FGT 7PKXGTUKV·V #NVFQTH 7PVGT GKPGO $CWO FTGK 5EJYGKPG CP (WVVGTVTQI T FCPGDGP MPKGPFGT *KTVG 8GT\KGTVG 5EJTKHVVCHGN FCTWPVGT \YGK $NWOGP OO I 5NI 'TNCPIGT 4 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC 5VGORGNINCP\ &KG 2T·OKGPOGFCKNNGP YWTFGP \YKUEJGP WPF LGFGU ,CJT CO ,WPK 2GVGT WPF 2CWN FGO )TÒPFWPIULCJT FGT #MCFGOKG KP GKPGO HGKGTNKEJGP (GUVCMV KP XKGT XGTUEJKGFGPGP 2T·OKGPXCTKCPVGP HÒT FKG XKGT -NCUUGP XGTNKGJGP

376

3770

3771

-TGW\GT )WNFGP OKV 6KVGN (GTFKPCPFU ++ -GNNPGT C &WPMNG 2CVKPC (GNF FGT 8QTFGTUGKVG NGKEJV IGIN·VVGV UGJT UEJÌP

5KNDGTOGFCKNNG XQP %JT /CNGT CWH FKG 'TJGDWPI FGT #NVFQTHGT #MCFGOKG \WT 7PKXGTUKV·V )G MTÌPVGT &QRRGNCFNGT CWH FGT $TWUV FGT ÌUVGTTGKEJKUEJG 5EJKNF KP FGP -NCWGP <GRVGT WPF 5EJYGTV UQYKG FCU PÒTPDGTIKUEJG 4GKEJU WPF 5VCFYCRRGP &QMVQTJWV ÒDGT CWHIGUEJNCIGPGO $WEJ WOJGT 9CRRGP MTCP\ OKV FGP 9CRRGP FGT UKGDGP NVGUVGP FGU 4CVU FC\YKUEJGP .QTDGGT\YGKIG WPF 5RTWEJD·PFGT OKV FGTGP +PKVKCNGP OO I .CXGTTGP\ 5NI 'TNCPIGT 44 *ÒDUEJG 2CVKPC MN *GPMGNURWT MN 5EJTÌVNKPIUHGJNGT CO 4CPF XQT\ÒINKEJ

3772 3773

3773

6CNGT OKV 6KVGN (GTFKPCPFU ++ -GNNPGT FKGUGU 'ZGORNCT 44 *ÒDUEJG 2CVKPC UGJT UEJÌP

'ZGORNCT FGT 5COONWPI 'TNCPIGT #WMVKQP $CPM .GW #) <ÒTKEJ WPF /ÒP\GP WPF /GFCKNNGPJCPFNWPI 5VWVVICTV 1*) <ÒTKEJ 0T

4GKEJUVCNGT OKV 6KVGN (GTFKPCPFU ++ &CX -GNNPGT D

3774

-N -TCV\GT UGJT UEJÌP

3776

3775

)WNFGPVCNGT -TGW\GT ,CJTGU\CJN KO 5VGORGN CWU IG·PFGTV OKV 6KVGN (GTFKPCPFU ++ &CX -GNNPGT 4 5EJTÌVNKPIUHGJNGT 9GTV\CJN IGVKNIV UGJT UEJÌP

4GKEJUVCNGT OKV 6KVGN (GTFKPCPFU ++ &CX -GNNPGT 4 9KP\ <CKPGPFG YKP\ -TCV\GT XQT\ÒINKEJGU 'ZGORNCT

4GKEJUVCNGT Q , WO OKV 6KVGN (GTFKPCPFU ++ &CX -GNNPGT

8QT\ÒINKEJ

377

3779

3777

3780

4GKEJUVCNGT ,CJTGU\CJN KO 5VGORGN CWU IG·PFGTV OKV 6KVGN (GTFKPCPFU +++ &CX -GNNPGT 44 5GJT UEJÌP

-TGW\GT &C\W 'KPUGKVKIGT 2HGPPKI -GNNPGT Z 5VÒEM 8QT\ÒINKEJp5VGORGNINCP\

4GKEJUVCNGT &CX -GNNPGT 4GKEJUVCNGT OKV 6KVGN .GQRQNFU + &CX -GNNPGT

3781

3783

8QT\ÒINKEJ 5GJT UEJÌP

3781

4GKEJUVCNGT OKV 6KVGN .GQRQNFU + -GNNPGT 4 *ÒDUEJG 2CVKPC MN 5EJTÌVNKPIUHGJNGT CO 4CPF XQT\ÒINKEJ

4GKEJUVCNGT OKV 6KVGN .GQRQNFU + -GNNPGT 4GKEJUVCNGT OKV 6KVGN -CTNU 8+ &CX -GNNPGT

4 (GNFGT IGUVKEJGNV UGJT UEJÌP 4 (GNFGT IGIN·VVGV UQPUV XQT\ÒINKEJ

3784

-NKRRGPHÌTOKIG 5KNDGTOGFCKNNG XQP 2 ) 0ÒTPDGTIGT CWH FKG ,CJTHGKGT FGT 7PKXGTUKV·V #NV FQTH 0ÒTPDGTIGT 9CRRGP WOIGDGP XQP FGP XKGT 9CRRGP FGT -WTCVQTGP 5EJTKHV OKV %JTQPQITCOO Z OO I .CXGTTGP\ 5NI 'TNCPIGT 4 2TCEJVGZGORNCT (GKPG 2CVKPC HCUV 5VGORGNINCP\ &KG -WTCVQTGP FGT 7PKXGTUKV·V #NVFQTH YCTGP )WUVCX )GQTI 6GV\GN .GQPJCTF )TWPFJGTT *KGTQP[OWU 9KNJGNO 'DPGT WPF ,QJCPP %JTKUVQRJ +OJQH

378

3785

3786

3787

<KPPOGFCKNNG XQP 2 ) 0ÒTPDGTIGT CWH FKG ,CJTHGKGT FGT 7PKXGTUKV·V #NVFQTH 5VCFVYCRRGP WOIGDGP XQP \YGK .QTDGGT\YGKIGP WPF FGP 9CRRGP OKV +PKVKCNGP FGT -WTCVQTGP )WUVCX )GQTI 6GV\GN .GQPJCTF )TWPFJGTT *KGTQP[OWU 9KNJGNO 'DPGT WPF ,QJCPP %JTKUVQRJ +OJQH #PVKMGT #NVCT KP .QTDGGTMTCP\ OO .CXGTTGP\ 5NI 'TNCPIGT /KV 1TKIKPCN -WRHGTUVKHV XQT\ÒINKEJ

5KNDGTOGFCKNNG XQP 2 2 9GTPGT CWH FKG ,CJTHGKGT FGT ªDGTICDG FGT #WIUDWTIGT -QPHGUUKQP $TWUVDKNFGT /CTVKP .WVJGTU WPF /GNCPEJVJQPU PGDGPGKPCPFGT T &KG ªDGTICDG FGT -QPHGUUKQP CWH FGO 4GKEJUVCI OO I 5NI 'TNCPIGT ++ 5NI 9JKVKPI /GJTGTG MN 4CPFHGJNGT UGJT UEJÌP

4GKEJUVCNGT OKV 6KVGN XQP (TCP\ + &CX -GNNPGT

3788

3789

5GJT UEJÌP

3790

4GKEJUVCNGT OKV 6KVGN XQP (TCP\ + &CX -GNNPGT *ÒDUEJG 2CVKPC MN *GPMGNURWT UGJT UEJÌPpXQT\ÒINKEJ

5KNDGTOGFCKNNG XQP # 8GUVPGT CWH FGP 6QF XQP *KGTQP[OWU 9KNJGNO 'DPGT XQP 'UEJGPDCEJ -WTCVQT FGT 7PKXGTUKV·V #NVFQTH $ÒUVG T 9ÒTHGN KO #DUEJPKVV XKGT <GKNGP 5EJTKHV OO I $GTPJGKOGT 5NI 'TNCPIGT 4 (GKPG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

*KGTQP[OWU 9KNJGNO 'DPGT XQP 'UEJGPDCEJ YWTFG -WTCVQT FGT 7PKXGTUKV·V #NVFQTH 4CVUOKVINKGF WPF UR·VGT <YGKVGT .QUWPIGT

-QPX 6CNGT OKV 6KVGN XQP (TCP\ + &CX -GNNPGT

5GJT UEJÌP

379

3791

3792

3791

-QPX 6CNGT OKV 6KVGN XQP (TCP\ + &CX -GNNPGT

-QPX 6CNGT OKV 6KVGN XQP (TCP\ + CWH FGP (TKGFGP XQP *WDGTVWUDWTI &CX -GNNPGT 5GNVGP KP FKGUGT 'TJCNVWPI (GKP \CRQPKGTV XQT\ÒINKEJ XQT\ÒINKEJp5VGORGNINCP\

3793

3794

5GJT UEJÌP

-QPX 6CNGT OKV 6KVGN ,QUGHU ++ &CX -GNNPGT -TGW\GT OKV 6KVGN XQP (TCP\ + -GNNPGT

3795

3794

*GTTNKEJG 2CVKPC XQT\ÒINKEJ 8QT\ÒINKEJ

3796

3797

-QPX 6CNGT OKV 6KVGN ,QUGHU ++ /KV .CWDTCPF &CX -GNNPGT E -QPX 6CNGT OKV 6KVGN ,QUGHU ++ /KV .CWDTCPF &CX -GNNPGT E

8QT\ÒINKEJ (CUV XQT\ÒINKEJ

-QPX 6CNGT OKV 6KVGN ,QUGHU ++ /KV 4CPFUEJTKHV &CX -GNNPGT F -N 5EJTÌVNKPIUHGJNGT CO 4CPF XQT\ÒINKEJ

380

3798

3799

3800

-QPX 6CNGT OKV 6KVGN ,QUGHU ++ &CX -GNNPGT

-QPX 6CNGT OKV 6KVGN ,QUGHU ++ &CX -GNNPGT #VVTCMVKXG 2CVKPC 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

(GKP \CRQPKGTV XQT\ÒINKEJ

-QPX 6CNGT OKV 6KVGN ,QUGHU ++ /KV .CWDTCPF &CX -GNNPGT G

5GJT UEJÌP

2TCEJVGZGORNCT 5VGORGNINCP\

.WFYKI 'DGTJCTF 4GKEJUVCNGT OKV 6KVGN (GTFKPCPFU ++ &CX .ÌHHGNJQN\ <CRQPKGTV YKP\ *GPMGNURWT UGJT UEJÌP

3801

3802

-TGW\GT -GNNPGT

¤66+0)'0 )4#(5%*#(6

3802

¤66+0)'0

3803

¤66+0)'0 52+'.$'4) )4#(5%*#(6 5'+6 (ª456'067/

,QJCPP #NQ[U + -QPX 6CNGT &CX .ÌHHGNJQN\ *ÒDUEJG 2CVKPC YKP\ 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

381

1.&'0$74)

5COONWPI &T /G[GT &T /G[GT YWTFG CO 1MVQDGT KP $GTPMCUVGN CP FGT /QUGN IGDQTGP GT HÒJNVG UKEJ KO *GT\GP CDGT KOOGT CNU 1NFGPDWTIGT 5GKPG (COKNKG N·V UKEJ KP 1NFGPDWTI DKU KPU ,CJTJWPFGTV \WTÒEM XGTHQNIGP 6TQV\ UGKPGT KPVGPUKXGP DGTWHNKEJGP 6·VKIMGKV CNU )GUEJ·HVUHÒJTGT GKPGT PQTFFGWVUEJGP /CUEJKPGPHCDTKM YKFOGVG &T /G[GT UGKPG <GKV UVGVU CWEJ UGKPGP +PVGTGUUGP CP FGT )GUEJKEJVG UGKPGT (COKNKG WPF UGKPGT *GKOCV #NU KO ,CJTG UGKPG 6CPVG FKG 1NFGPDWTIGT T\VKP &T .WKUG /G[GT XGTUVCTD JKPVGTNKG UKG KJTGP 0CEJMQOOGP FGP )TWPFUVQEM FGT XQTNKGIGPFGP 5COONWPI 1NFGPDWTIGT 2T·IWPIGP &T /G[GT HÒJTVG FKG 5COONWPI OKV ITQGT $GIGKUVGTWPI HÒT UGKPG -KPFGT DKU \W UGKPGO 6QF KO ,CJT YGKVGT 8QP FGP \CJNTGKEJGP KPVGTGUUCPVGP 5VÒEMGP KUV KPUDGUQPFGTG FKG /CTM Q , FGU )TCHGP #PVQP )ÒPVJGT

0T \W GTY·JPGP FKG &T /G[GT KP FGT #WMVKQP FGT 5COONWPI &T )GQTI 5VCNNKPI #WMVKQP (TKV\ 4WFQNH -ÒPMGT 1UPCDTÒEM GTYCTD

3805

3804

)4#(5%*#(6 5'+6 *'4<1)67/ #$ )4155*'4<1)67/

1VVQ ++ XQP 1NFGPDWTI &GNOGPJQTUV Ó GTY·JPV WPF *QJNRHGPPKI I 1NFGP DWTIGT $CNMGPUEJKNF -CNXGNCIG 6TKRRNGT C 44 4CPFHGJNGT UGJT UEJÌP

,QJCPP ++ WTMWPFNKEJ DG\GWIV TGI UGKV *QJNRHGPPKI I *GNO OKV HÒPH (CJ PGP DGUVGEMV FKG CNNG FCU 1NFGPDWTIGT 9CRRGP\GKEJGP CWHYGKUGP -CNXGNCIG 6TKRRNGT 8QP ITQGT 5GNVGPJGKV 5EJÌP

3806

-QPTCF ++ WTMWPFNKEJ DG\GWIV Ó 6WTPQUG 1NFGPDWTI -CTQNWU 4GZ 6[R I -TGW\ KP \YGK\GKNKIGT 7OUEJTKHV -CUVGNN OKV 7OUEJTKHV KP .KNKGPMTGKU -CNXGNCIG 6TKRRNGT #VVTCMVKXGU 'ZGORNCT UGJT UEJÌPpXQT\ÒINKEJ

'ZGORNCT FGT #WMVKQP (TKV\ 4WFQNH -ÒPMGT 1UPCDTÒEM 0T

#NU DGUQPFGTGU /GTMOCN CNNGT KPUEJTKHVNKEJ IGUKEJGTVGP 1NFGPDWTIGT 6WTPQUGP UVGNNVG 2GVGT $GTIJCWU KP FGP *CODWT IGT $GKVT·IGP \WT 0WOKUOCVKM *GHV 5 HH FCU MNGKPG GKPIGUEJQDGPG &TGKGEM \YKUEJGP FGT 5RKV\G WPF FGO -TGW\ FGU -CUVGNNU KP FGT 4ÒEMUGKVGPFCTUVGNNWPI HGUV WPF OGKPVG FCOCNU KPUEJTKHVNKEJ PKEJV CWH 1NFGPDWTI YGKUGPFG 6WTPQUGP OKV FKGUGO $GK\GKEJGP CNU WPXGT·PFGTVG 0CEJRT·IWPIGP HTCP\ÌUKUEJGT QFGT NWZGODWTIKUEJGT 6WTPQUGP HÒT 1NFGPDWTI KP #PURTWEJ PGJOGP \W MÌPPGP 'U MQOOV LGFQEJ CWEJ CWH FGP YGUGPVNKEJ HGKPGT CNU FKG 1NFGPDWTIGT IGUEJPKVVGPGP 1TKIKPCNGP YKG DGK FGO JKGT XQTNKGIGPFGP 5VÒEM XQT KUV CDGT PKEJV KOOGT UQ MNCT GTMGPP DCT YKG JKGT &KG <WYGKUWPI PCEJ 1NFGPDWTI KUV FCJGT WPUKEJGT

3807

382

3808

5YCTGP 1NFGPDWTI I -QRH FGU JGKNKIGP .CODGTVWU OKV /KVTC X X KP FGT 4GEJVGP 5EJYGTV FGT *GKNKIGPUEJGKPDQIGP GPFGV QDGP KP GKPGO -TGW\EJGP WPVGP FGT 1NFGPDWTIGT $KPFGPUEJKNF $KUEJÌHNK EJG (KIWT X X OKV /KVTC WPF UGIPGPFGT 4GEJVGP KP FGT .KPMGP FGT QNFGPDWTIKUEJG $KPFGPUEJKNF -CN XGNCIG 6TKRRNGT F 5GJT UEJÌP

5YCTGP 1NFGPDWTI I -QRH FGU JGKNKIGP .CODGTVWU OKV /KVTC X X KP FGT 4GEJVGP 5EJYGTV FGT *GKNKIGPUEJGKPDQIGP GPFGV QDGP KP GKPGO 2WPMV WPVGP FGT 1NFGPDWTIGT $KPFGPUEJKNF $KUEJÌHNKEJG (KIWT X X OKV /KVTC WPF UGIPGPFGT 4GEJVGP KP FGT .KPMGP FGT QNFGPDWTIKUEJG $KPFGPUEJKNF -CNXG NCIG 6TKRRNGT G 5GJT UEJÌP

3809

3810

)GTJCTF FGT 5VTGKVDCTG FGT /WVKIG Ó )TQVGP 1NFGPDWTI I &TGKVÒTOKIGU $WTIVQT XQT FGO 6QT FGT 1NFGPDWTIGT $CNMGPUEJKNF PCEJ TGEJVU IGNGJPV 0CIGNURKV\MTGW\ -CNXG NCIG 6TKRRNGT 44 5EJÌP

)GTJCTF FGT 5VTGKVDCTG JCVVG YKG FGT 0COG GTCJPGP N·V UV·PFKI (GJFGP OKV UGKPGP 0CEJDCTP FGP 1UVHTKGUGP FGP 9KNFGUJCWUGT 8ÌIVGP WPF FGP $TGOGTP \W DGUVGJGP 7O UGKPGP *GTTUEJCHVUTCWO CWH HTKGUKUEJGU )GDKGV CWU\WFGJPGP M·ORHVG GT IGIGP FGP QUVHTKGUKUEJGP *·WRVNKPI 7NTKEJ %KTMUGPC &CPCEJ DGV·VKIVG GT UKEJ XQT CNNGO CNU *GNHGT HÒT UGKPGP $TWFGT -ÌPKI %JTKUVKCP XQP &·PGOCTM KO UMCPFKPCXKUEJGP $GTGKEJ OGKUV \WT 5GG CNU 2KTCVGPJ·WRVNKPI 'T IGTKGV KP QHHGPG (GKPFUEJCHV OKV FGT 5VCFV .ÒDGEM FGTGP -CWHNGWVG GT TÒEMUKEJVUNQU CWUDGWVGVG 8QP FGT $WTI KP &GNOGPJQTUV CWU DGV·VKIVG GT UKEJ DGUQPFGTU NGDJCHV CO 5VTCGPTCWD 'U YKTF XGTOWVGV FC UGKP 6CVGPFTCPI CWU FGT 8GTCEJVWPI FGU CFGNKIGP -TKGIGTU HÒT DÒTIGTNKEJGU -T·OGTYGUGP WPF FCTCWU GTYQTDGPGO 4GKEJVWO GPVUVCPFGP KUV $GK #WUGKPCPFGTUGV\WPIGP OKV UGKPGO $TWFGT /QTKV\ FGT UKEJ CP UGKPGT .CPFGUJGTTUEJCHV DGVGKNKIGP YQNNVG IKPI )GTJCTF CNU 5KGIGT JGTXQT 5GKP 'ZRCPUKQPUFTCPI JCVVG CDGT -QPHNKMVG OKV FGO $KUEJQH XQP /ÒPUVGT \WT (QNIG CWGTFGO UEJNQUUGP UKEJ .ÒDGEM *CODWTI WPF FKG *·WRVNKPIG 1UVHTKGUNCPFU IGIGP KJP \WUCOOGP 5EJNKGNKEJ YWTFG &GNOGPJQTUV KP FCU $KUVWO /ÒPUVGT GKPIGINKGFGTV WPF )GTJCTF OWVG UGKPG 4GIKGTWPI PKGFGTNGIGP FKG FCTCWHJKP XQP UGKPGP 5ÌJPGP ÒDGTPQOOGP YWTFG 5KG OWVGP IGNQDGP KJTGP 8CVGT MGKPGUHCNNU YKGFGT OKV FGT 4GIKGTWPI \W DGVTCWGP &KG FCTCWHHQNIGPFGP ,CJTG NGDVG )GTJCTF KO -NQUVGT 4CUVGFG YCU UGKPGP 6TKGD \W IGYCNVV·VKIGP 7PVGT PGJOWPIGP LGFQEJ PKEJV F·ORHVG 6TQV\FGO GTYKGU GT UKEJ \GKVYGKNKI KP #PH·NNGP XQP 5ÒPFGPDGYWVUGKP CNU DWHGTVKI WPF HTQOO #WH FGT 4ÒEMTGKUG XQP GKPGT 2KNIGTHCJTV PCEJ 5CPVKCIQ FG %QORQUVGNC GTGKNVG KJP FGT 6QF YCJTUEJGKPNKEJ YWTFG GT KP 2QPV 5V 'URTKV CP FGT 4JÊPG DGKIGUGV\V 5Q UGJT GT UGKPGP )GIPGTP XGTJCV IGYGUGP YCT UQ YWTFG GT CWEJ YGIGP UGKPGT 6CRHGTMGKV IGTÒJOV XQT CNNGO FKG $CWGTP KP 5EJNGUYKI *QNUVGKP XGTGJTVGP KJP &KG 'TKPPGTWPI CP KJP DNKGD NCPIG <GKV NGDGPFKI

)TQVGP 1NFGPDWTI I 8KGTHGNFKIGT 9CRRGPUEJKNF 1NFGPDWTI &GNOGPJQTUV 0CIGNURKV\MTGW\ -CNXGNCIG 6TKRRNGT 8QP ITÌVGT 5GNVGPJGKV 5EJÌPpUGJT UEJÌP

3811

3812

%JTKUVQRJ Ó &QRRGNUEJKNNKPI /CNOÌ QFGT -QRGPJCIGP OKV 6KVGN %JTKUVKCPU ++ XQP &·PGOCTM I -ÌPKI %JTKUVKCP ++ XQP &·PGOCTM VJTQPV X X OKV <GRVGT WPF 4GKEJUCRHGN )GMTÌP VGU XKGTHGNFKIGU 9CRRGP XQP 1NFGPDWTI &GNOGPJQTUV )CNUVGT -CNXGNCIG 6TKRRNGT E 4 5EJÌP

%JTKUVQRJ YCT MGKP TGIKGTGPFGT )TCH XQP 1NFGPDWTI $GK FGO XQTNKGIGPFGP &QRRGNUEJKNNKPI JCPFGNV GU UKEJ WO GKPG 2T·IWPI CWU FGT <GKV FGT )TCHGPHGJFG 7PVGT FGO 8QTYCPF %JTKUVKCP ++ XQP &·PGOCTM FGT XGT VTKGDGP YWTFG YKGFGT GKP\WUGV\GP XGTUWEJVG %JTKUVQRJ UGNDGT &·PGOCTM CP UKEJ \W DTKPIGP $GK FKGUGO 8QTJCDGP YWTFG GT XQP FGT 5VCFV .ÒDGEM WPVGTUVÒV\V +O (TKGFGP XQP *CODWTI LGFQEJ OWVG .ÒDGEM WPF FCOKV CWEJ %JTKUVQRJ CNNG #ODKVKQPGP CWHIGDGP

#PVQP )ÒPVJGT 1NFGPDWTIGT /CTM )TQVG 5VÒDGT Q , ,GXGT /ÒP\ RGTKQFG /ÒP\OGKUVGT 0KMQNCWU 9KPVIGPU $GPFKI XCT -CNXGNCIG 6TKRRNGT F 8QP ITQGT 5GNVGPJGKV (CUV UGJT UEJÌP

'ZGORNCT FGT 5COONWPI &T 5VCNNKPI #WMVKQP (TKV\ 4WFQNH -ÒPMGT 1UPCDTÒEM 0T

)TCH #PVQP )ÒPVJGT YWTFG UEJQP KO #NVGT XQP ,CJTGP 0CEJHQNIGT FGU )TCHGP ,QJCPP 8++ +P LWPIGP ,CJTGP TGKUVG GT XKGN YCU GKPG IWVG 8QTDGTGKVWPI CWH UGKP #OV CNU 4GIGPV FGT TGNCVKX MNGKPGP )TCHUEJCHV YCT +O -TKGI WPVGTJKGNV GT GKP ITQGU 5ÌNFPGTJGGT &CU TGKEJVG LGFQEJ PKEJV CWU WO FKG CWUTÒEMGPFGP #TOGGP GTHQNITGKEJ CD\W UEJTGEMGP )GUEJKEMV LQPINKGTGPF NKG GT UKEJ CDGT XQP FGP XGTUEJKGFGPGP *GGTGP 5EJWV\DTKGHG CWUUVGNNGP FKG FGP HTKGFNKEJGP %JCTCMVGT UGKPGT 2QNKVKM DGMWPFGP UQNNVGP &CTNGJPUCPIGDQVG $GUVGEJWPIUIGNFGT 4GKVRHGTFG WPF 2QMCNG URKGNVGP DGK FGT 'TNCPIWPI FKGUGT 5EJWV\DTKGHG GKPG ITQG 4QNNG )GH·JTNKEJG $GFTQJWPIGP YKG \ $ FCU 8QTFTKPIGP FGU VQNNGP %JTKUVKCP XQP $TCWPUEJYGKI UQYKG FGU )TCHGP /CPUHGNF MQPPVG GT IGUEJKEMV CDYGPFGP #NU 6KNN[ KO 5GRVGODGT OKV /CPP CP FGT 5ÒFITGP\G FGT 5VCFV 1NFGPDWTI UGKP .CIGT CWHUEJNWI IGNCPI GU FGO )TCHGP FWTEJ CWUFCWGTPFGU 8GTJCPFGNP FCU *GGT PCEJ FTGK 9QEJGP \WO #D\WI \W DGYGIGP #WEJ CO 'PFG FGU &TGKKIL·J TKIGP -TKGIGU MCO 1NFGPDWTI INKORHNKEJ FCXQP #PVQP )ÒPVJGT GTUEJKGP OCPEJGP CNU -TKGIUIGYKPPNGT 'T UVCTD KO #NVGT XQP ,CJTGP CWH UGKPGO ,CIFUEJNQ KP 4CUVGFG 8QP KJO YWTFG IGUCIV 7O CNU ITQGT -ÌPKI \W IN·P\GP HGJNVG KJO PKEJVU CNU GKP -ÌPKITGKEJ

383

3814

3815

3813

)WNFGP 5EJCH Q , ,GXGT /ÒP\RGTKQFG /ÒP\OGKUVGT 0KMQNCWU 9KPVIGPU $GPFKI &CX -CNXGNCIG 6TKRRNGT 44 5GJT UEJÌP

)TQVGP Q , ,GXGT /ÒP\RGTKQFG /ÒP\OGKUVGT 0KMQNCWU 9KPVIGPU $GPFKI -CNXGNCIG 6TKRRNGT 5GJT UEJÌP

-TWOOUVGTV )TQQV \W 9KVVGP Q , ,GXGT OKV 6KVGN XQP /CVVJKCU /ÒP\RGTKQFG /ÒP\OGKUVGT 0KMQNCWU 9KPVIGPU $GPFKI XCT -CNXGNCIG 6TKRRNGT 44 'VYCU IGYGNNV UEJÌP

3816

3817

4GKEJUVCNGT Q , ,GXGT OKV 6KVGN (GTFKPCPFU ++ /ÒP\RGTKQFG /ÒP\OGKUVGT 0KMQNCWU 9KPVIGPU I &TGKHCEJ DGJGNOVGU XKGTHGNFKIGU 9CRRGP )GMTÌPVGT &QRRGNCFNGT OKV 4GKEJUCRHGN CWH FGT $TWUV $GPFKI XCT &CX -CNXGNCIG 6TKRRNGT D C 44 -N -TCV\GT UGJT UEJÌP

5EJKNNKPI Q , ,GXGT OKV 6KVGN (GTFKPCPFU ++ /ÒP\RGTKQFG /ÒP\OGKUVGT 0KMQNCWU 9KPVIGPU $GPFKI XCT -CNXGNCIG 6TKRRNGT D XCT 4 5GJT UEJÌP

3818

3820

3819

3820

6CNGT &QRRGNITQVG Q , ,GXGT OKV 6KVGN (GTFKPCPFU +++ /ÒP\RGTKQFG /ÒP\OGKUVGT )GTJCTF &TG[GT $GPFKI -CNXGNCIG 6TKRRNGT XCT 4CPFCWUDTÒEJG UEJÌPpUGJT UEJÌP

)TQVGP ,GXGT OKV 6KVGN (GTFKPCPFU +++ /ÒP\RGTKQFG /ÒP\OGKUVGT ,ÒTIGP &GVNGHHU $GPFKI -CNXGNCIG 6TKRRNGT D XCT 4CPFUVCWEJWPI HCUV UGJT UEJÌP

)WNFGP 5VÒDGT Q , ,GXGT OKV 6KVGN .GQRQNFU + /ÒP\RGTKQFG /ÒP\OGKUVGT ,ÒTIGP *CTVOCPP

$GPFKI XCT &CX -CNXGNCIG 6TKRRNGT C &TWEMUVGNNG WPF YKP\ 5EJTÌVNKPIUTK UGJT UEJÌP

384

3822

3821

3822

5EJKNNKPI Q , ,GXGT OKV 6KVGN .GQRQNFU /ÒP\RGTKQFG /ÒP\OGKUVGT ,ÒTIGP *CTVOCPP $GPFKI XCT -CNXGNCIG 6TKRRNGT C XCT 8QP ITQGT 5GNVGPJGKV 5GJT UEJÌP

'ZGORNCT FGT 5COONWPI &T )GQTI 5VCNNKPI #WMVKQP (TKV\ 4WFQNH -ÒPMGT 1UPCDTÒEM 0T

)TQVGP Q , ,GXGT /ÒP\RGTKQFG /ÒP\OGKUVGT ,ÒTIGP *CTVOCPP $GPFKI -CN XGNCIG 6TKRRNGT 5GJT UEJÌP

3824

3823

3825

/CTM )TQVG ,GXGT /ÒP\RGTKQFG /ÒP\OGKUVGT ,ÒTIGP *CTVOCPP $GPFKI &CX -CNXGNCIG 6TKRRNGT 5GJT UEJÌP

/CTM )TQVG ,GXGT /ÒP\RGTKQFG /ÒP\OGKUVGT ,ÒTIGP *CTVOCPP $GPFKI -CNXGNCIG 6TKRRNGT C C 5GJT UEJÌP

/CTM )TQVG ,GXGT /ÒP\RGTKQFG /ÒP\OGKUVGT ,ÒTIGP *CTVOCPP $GPFKI -CNXGNCIG 6TKRRNGT H C -N 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

3827

3827 3826

/CTM )TQVG ,GXGT /ÒP\RGTKQFG /ÒP\OGKUVGT ,ÒTIGP *CTVOCPP $GPFKI &CX -CNXGNCIG 6TKRRNGT 5EJÌP

6CNGT &QRRGNITQVG ,GXGT /ÒP\RGTKQFG /ÒP\OGKUVGT ,ÒTIGP *CTVOCPP $GPFKI -CNXGNCIG 6TKRRNGT 8QP ITQGT 5GNVGPJGKV 5GJT UEJÌP

385

3828

4GKEJUVCNGT ,GXGT CWH FGP )GDWTVUVCI FGU )TCHGP /ÒP\RGTKQFG /ÒP\OGKUVGT &CXKF <KG IGPJQTP I $TWUVDKNF T OKV DTGKVGO -TCIGP &TGKHCEJ DGJGNOVGU XKGTHGNFKIGU 9CRRGP $GPFKI &CX -CNXGNCIG 6TKRRNGT 4 5GJT UEJÌP

3829

4GKEJUVCNGT ,GXGT CWH FGP )GDWTVUVCI FGU )TCHGP /ÒP\RGTKQFG /ÒP\OGKUVGT &CXKF <KG IGPJQTP I 5EJOCNGU $TWUVDKNF T OKV NCPIGO CWH FGO -TCIGP NKGIGPFGP *CCT WPF XGT\KGTVGO 9GJTIGJGPM &TGKHCEJ DGJGNOVGU XKGTHGNFKIGU 9CRRGP WOJGT FGT 9CJNURTWEJ #7:+.+7/ /'7/ # &1/+01 $GPFKI &CX -CNXGNCIG 6TKRRNGT 44 5GJT UEJÌPpXQT\ÒINKEJ

3830

4GKEJUVCNGT ,GXGT CWH 6QF FGU )TCHGP /ÒP\RGTKQFG /ÒP\OGKUVGT &CXKF <KGIGPJQTP I 0GWP <GKNGP 5EJTKHV )GMTÌPVGU XKGTHGNFKIGU 9CRRGP WOJGT FGT 9CJNURTWEJ #7:+.+7/ /'7/ # &1/+01 $GPFKI &CX -CNXGNCIG 6TKRRNGT 44 5GJT UEJÌPpXQT\ÒINKEJ 'ZGORNCT FGT 5COONWPI (TKGFTKEJ 2QRMGP #WMVKQP (TKV\ 4WFQNH -ÒPMGT 1UPCDTÒEM 0T

3831

386

4GKEJUVCNGT ,GXGT CWH FGP 6QF FGU )TCHGP /ÒP\RGTKQFG /ÒP\OGKUVGT &CXKF <KGIGPJQTP

I 0GWP <GKNGP 5EJTKHV )GMTÌPVGU XKGTHGNFKIGU 9CRRGP WOJGT FGT 9CJNURTWEJ #7:+.+7/ /'7/ # &1/+01 $GPFKI -CNXGNCIG 6TKRRNGT 5GJT UEJÌP

3832

6CNGT ,GXGT CWH FGP 6QF FGU )TCHGP /ÒP\RGTKQFG /ÒP\OGKUVGT &CXKF <KGIGPJQTP I 0GWP <GKNGP 5EJTKHV )GMTÌPVGU XKGTHGNFKIGU 9CRRGP WOJGT FGT 9CJNURTWEJ #7:+.+7/ /'7/ # &1/+01 $GPFKI -CNXGNCIG 6TKRRNGT 4 5GJT UEJÌP 'ZGORNCT FGT 5COONWPI (TKGFTKEJ 2QRMGP #WMVKQP (TKV\ 4WFQNH -ÒPMGT 1UPCDTÒEM 0T

3833

3836

3835

4GKEJUVCNGT ,GXGT CWH FGP 6QF FGU )TCHGP /ÒP\RGTKQFG /ÒP\OGKUVGT &CXKF <KGIGPJQTP

$GPFKI -CNXGNCIG 6TKRRNGT D 4 5GJT UEJÌPpXQT\ÒINKEJ

.QV -NGKPG 5COONWPI 1NFGPDWTIGT 5KNDGTOÒP\GP CWU FGT <GKV #PVQP )ÒPVJGTU W C FKXGTUG )WNFGP

5VÒDGT Q , )TQVG UQYKG FKXGTUG -NGKPOÒP\GP XQO 1GTVIGP DKU \WT 1NFGPDWTIGT /CTM &KG 5VÒEMG UKPF \ 6 OKV GKPGT -WT\DGUVKOOWPI XGTUGJGP +PVGTGUUCPVGU .QV DKVVG DGUKEJVKIGP 5VÒEM 7PVGTUEJKGFNKEJ GTJCNVGP /GKUV UEJÌPpUGJT UEJÌP

6CNGT 1NFGPDWTI I -QRH T OKV \WUCOOGPIGDWPFGPGP *CCTGP WPF <QRHUEJNGKHG WPVGP 5VGORGNUEJPGKFGT\GKEJGP $ ,QJCPP 'RJTCKO $CWGTV 5VGORGNUEJPGKFGT KP -QRGPJCIGP 9GTV\CJN -CNXGNCIG 6TKRRNGT 8QP ITQGT 5GNVGPJGKV 0WT 'ZGORNCTG IGRT·IV 5GJT UEJÌP

(TKGFTKEJ 8 XQP &·PGOCTM 6CNGT 1NFGPDWTI /KV 5KIPCVWT 0 5COWGN /CVJKCU 0GWFQTH 9CTFGKP KP 1NFGPDWTI CO *CNUCDUEJPKVV -CNXGNCIG 6TKRRNGT (CUV UGJT UEJÌP

6CNGT 1NFGPDWTI /KV 5KIPCVWT 0 5COWGN /CVJKCU 0GWFQTH 9CTFGKP KP 1NFGPDWTI CO *CNUCDUEJPKVV -CNXGNCIG 6TKRRNGT (CUV UGJT UEJÌP

3838

3839

6CNGT 1NFGPDWTI /KV 5KIPCVWT 0 5COWGN /CVJKCU 0GWFQTH 9CTFGKP KP 1NFGPDWTI CO *CNUCDUEJPKVV -CNXGNCIG 6TKRRNGT 5GJT UEJÌP

'ZGORNCT FGT 5COONWPI &T )GQTI 5VCNNKPI #WMVKQP (TKV\ 4WFQNH -ÒPMGT 1UPCDTÒEM 0T

)TQVG 1NFGPDWTI /KV OKVVGNITQGT -TQPG CWH FGT 8QTFGTUGKVG WPF HÒPHDN·VVTKIGT 4QUGVVG CWH FGT 4ÒEMUGKVG -CNXGNCIG 6TKRRNGT D 44 5GJT UEJÌP

387

3840

3841

3842

3844

3845

3846

)TQVG 1NFGPDWTI -CNXGNCIG 6TKRRNGT (CUV UGJT UEJÌP )TQVG 1NFGPDWTI 8CTKCPVG QJPG 4QUGVVGP \W FGP 5GKVGP FGT 9GTV\CJN -CNXGNCIG 6TKRRNGT 4 5GJT UEJÌP

)TQVG 1NFGPDWTI /KV MNGKPGT 9GTV\KHHGT + -CNXGNCIG 6TKRRNGT D -N -TCV\GT UGJT UEJÌP

)TQVG 1NFGPDWTI /KV 2WPMVGP \W FGP 5GKVGP FGT ,CJTGU\CJN -CNXGNCIG 6TKRRNGT D 4 5EJÌPpUGJT UEJÌP )TQVGP 1NFGPDWTI -CNXGNCIG 6TKRRNGT 44 5EJÌPpUGJT UEJÌP )TQVGP 1NFGPDWTI -CNXGNCIG 6TKRRNGT 5GJT UEJÌP /CTKGPITQUEJGP 1NFGPDWTI /KV /ÒP\OGKUVGT\GKEJGP CWH FGT 4ÒEMUGKVG -CNXGNCIG 6TKRRNGT 5GJT UEJÌP 2HGPPKI 1NFGPDWTI -CNXGNCIG 6TKRRNGT 5GJT UEJÌP

3848

6CNGT 1NFGPDWTI I -QRH OKV DNQGO *CNU T FCTWPVGT FKG 5KIPCVWT 0 5COWGN /CVJKCU 0GWFQTH 9CTFGKP KP 1NFGPDWTI 9GTV\CJN &CX -CNXGNCIG 6TKRRNGT 8QP ITQGT 5GNVGPJGKV 5GJT UEJÌPpXQT\ÒINKEJ

'ZGORNCT FGT 5COONWPI (TKGFTKEJ 2QRMGP #WMVKQP (TKV\ 4WFQNH -ÒPMGT 1UPCDTÒEM 0T

3849

3850

3852

3851

6CNGT 1NFGPDWTI /KV 5KIPCVWT 0 5COWGN /CVJKCU 0GWFQTH 9CTFGKP KP 1NFGPDWTI WPVGT FGO -QRH -CNXGNCIG 6TKRRNGT 5GJT UEJÌP

6CNGT 1NFGPDWTI /KV 5KIPCVWT $ ,QJCPP 'RJTCKO $CWGTV 5VGORGNUEJPGKFGT KP -QRGPJCIGP WPVGT FGO -QRH -CNXGNCIG 6TKRRNGT (CUV UGJT UEJÌP

6CNGT 1NFGPDWTI /KV ITQGO -QRH WPF ITQGT 7OUEJTKHV CWH FGT 8QTFGTUGKVG -CNXG NCIG 6TKRRNGT C 5EJÌP UGJT UEJÌP 2HGPPKI 1NFGPDWTI -CNXGNCIG 6TKRRNGT 4 5GJT UEJÌP

388

3853

3855

6CNGT 1NFGPDWTI /KV 5KIPCVWT 0 5COWGN /CVJKCU 0GWFQTH 9CTFGKP KP 1NFGPDWTI WPVGT FGO -QRH -CNXGNCIG 6TKRRNGT D 5EJÌP UGJT UEJÌP

.QV &KXGTUG 1NFGPDWTIGT -NGKPOÒP\GP CWU FGT <GKV (TKGFTKEJU 8 6CNGT 6CNGT 6CNGT 6CNGT 2HGPPKI /CTKGPITQUEJGP /CTKGPITQUEJGP )TQVG )TQVG XGTOWVNKEJ ,CJTGU\CJN PKEJV GTMGPPDCT &C\W (TKGFTKEJ .WFYKI )TQVG 5VÒEM /GKUV UEJÌP

(TKGFTKEJ #WIWUV $KUEJQH XQP .ÒDGEM 5RGEKGUVCNGT #NVQPC I )GMTÌPVGU /QPQITCOO (# )GMTÌPVGU QXCNGU HÒPHHGNFKIGU 9CRRGP OKV /KVVGNUEJKNF XQP 1NFGP DWTI FCTCWH FCU .ÒDGEMGT 9CRRGP CNU *GT\UEJKNF JKPVGT FGO 9CRRGP (ÒTUVGPOCPVGN &CX FQTV WPVGT .ÒDGEM -CNXGNCIG 6TKRRNGT 44 5GJT UEJÌP (TKGFTKEJ #WIWUV GPVUVCOOVG CNU FTKVVGT 5QJP FGU *GT\QIU %JTKUVKCP #WIWUV FGT LÒPIGTGP .KPKG XQP *QNUVGKP )QVVQTR +O ,CJTG ÒDGTPCJO GT FKG )TCHUEJCHV 1NFGPDWTI &GNOGPJQTUV FKG \WO *GT\QIVWO GTJQDGP YWTFG 5EJQP DCNF ICNV GT DGK UGKPGP $ÒTIGTP CNU IWVGT CNVGT *GTT &CU 8GTVTCWGP UGKPGT 7PVGTVCPGP IGYCPP GT XQT CNNGO CWEJ FGUYGIGP YGKN GT UKEJ OKV KJPGP RNCVVFGWVUEJ WPVGTJKGNV 'T YCT GKP #PJ·PIGT (TKGFTKEJU ++ XQP 2TGWGP WPF DGYWP FGTVG FGUUGP 2QNKVKM 'T UQTIVG HÒT FKG #DUEJCHHWPI XQP (QNVGT WPF <GPUWT ITÒPFGVG GKPG 9KVYGP WPF 9CKUGPMCUUG WPF NGIVG XQT CNNGO 9GTV CWH FKG 8GTDGUUGTWPI FGT 8GTMGJTU WPF 9KTVUEJCHVURQNKVKM #WU UGKPGT 'JG OKV 7NTKMG (TKGFGTKMG 9KNJGNOKPG XQP *GUUGP -CUUGN IKPI FGT 5QJP 2GVGT (TKGFTKEJ 9KNJGNO JGTXQT FGT LGFQEJ IGKUVGUIGUVÌTV WPF PKEJV TGIKGTWPIUH·JKI YCT &GT *GT\QI DGUVKOOVG FCJGT VGUVCOGPVCTKUEJ UGKPGP 0GHHGP 2GVGT (TKGFTKEJ .WFYKI \WO 8QTOWPF (TKGFTKEJ #WIWUV UVCTD DGK GKPGO 5RC\KGTTKVV CWH FGP 1NFGPDWTIGT 9·NNGP WPF YWTFG KO .ÒDGEMGT &QO DGKIGUGV\V

3857

3856

3858

2GVGT (TKGFTKEJ .WFYKI CNU #FOKPKUVTCVQT HÒT 2GVGT (TKGFTKEJ 9KNJGNO )TQVG #NVQPC -CNXGNCIG 6TKRRNGT #O 4CPF NGKEJV XGTRT·IV UGJT UEJÌPpXQT\ÒINKEJ

)TQVGP #NVQPC -CNXGNCIG 6TKRRNGT 6CNGT #-5 ,

5GJT UEJÌP 5GJT UEJÌP

3859

3860

6CNGT #-5 ,

5GJT UEJÌP

2CWN (TKGFTKEJ #WIWUV 8GTGKPUFQRRGNVCNGT HÒT FCU (ÒTUVGPVWO $KTMGPHGNF #-5 &CX -CJPV 6JWP 5GJT UEJÌP 389

3861

3864

3862

)TQVG #-5 ,

8QT\ÒINKEJp5VGORGNINCP\

6CNGT #-5 &CX -CJPV 6JWP 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC MN 5EJTÌVNKPIUHGJNGT CO 4CPF XQT\ÒINKEJp5VGORGNINCP\

5KNDGTITQUEJGP 5KNDGTITQUEJGP -W 2HGPPKI CNNG HÒT FCU (ÒTUVGPVWO $KTMGPHGNF &C\W 0KEQNCWU (TKGFTKEJ 2GVGT 5KNDGTITQUEJGP 5KNDGTITQUEJGP -W 2HGPPKI CNNG HÒT FCU (ÒTUVGPVWO $KTMGPHGNF 5VÒEM /GKUV UGJT UEJÌP

0KEQNCWU (TKGFTKEJ 2GVGT )TQVG #-5 ,

8QT\ÒINKEJ

3865

8GTGKPUVCNGT #-5 &CX -CJPV 6JWP

56#&6

)TCXKGTVG XGTUKNDGTVG $TQP\GIWOGFCKNNG OKV 5KIPCVWT #5%*' &'. CWH FKG ,CJTHGKGT FGT 1NFGPDWTIGT /ÒP\HTGWPFG 5·WNG N \YGK <GKNGP T XKGT <GKNGP 5EJTKHV &KG ITCXKGTVGP /KVINKGFUPC OGP *ÒVVGOCPP 9GIOCPP 'INGT $GJTGPU /WPFGTNQJ /CLEJ\CM $CEJOCPP &KEM *QN\G 5EJOKFV 'UOCPP 2QRMGP /QTKV\ # /ÒNNGT $GPFKI 8KGV #JNJQTP /GKPGP 'KEJPGT ) /ÒNNGT WPF $TCO OGT FC\YKUEJGP FKG ,CJTGU\CJNGP N 5VCFVU[ODQN OO UGJT UEJÌP &C\W 8GTIQN FGVG $TQP\GOGFCKNNG Q , EC CWH 1NFGPDWTIU (CEJJCWU HÒT *GKO *QDD[ WPF )CTVGP $TWUVDKNF FGU (KTOGPITÒPFGTU %CTN 9KNJGNO /G[GT X X )GMTÌPVGU 9CRRGP OO XQT\ÒINKEJ 5VÒEM 5GJT UEJÌP WPF XQT\ÒINKEJ

.165

-NGKPG 5COONWPI XQP 1NFGPDWTIGT -NGKPOÒP\GP FGU ,CJTJWPFGTVU KP -WRHGT WPF 5KNDGT XQO -W 5EJYCTGP DKU \W 5KNDGTITQUEJGP 5VÒEM /GKUV UGJT UEJÌP

-NGKPG 5COONWPI XQP 1NFGPDWTIGT 5KNDGTOÒP\GP OGKUV FGU ,CJTJWPFGTVU W C 2CWN (TKGFTKEJ #WIWUV 6CNGT 0KEQNCWU (TKGFTKEJ 2GVGT 8GTGKPUVCNGT UQYKG FKXGTUG 6GKNUVÒEMG XQO )TQVGP DKU \WO 6CNGT 5VÒEM /GKUV UGJT UEJÌP

1NFGPDWTI UKGJG CWEJ 0TP

3869

$+567/

390

150#$4ª%-

)GTJCTF XQP 1NFGPDWTI 2HGPPKI 1UPCDTÒEM I +8 #TV $KUEJQH WPF $WTI )'4*# 485 $KUEJQH OKV /KVTC 5VCD WPF $WEJ X X KP FGP 9KPMGNP FGT 6 HÌTOKIGP $QTVG FGT -CUGN LG GKP 4KPIGN WPVGP &TCEJGP N 15' +4)&'+&4 <KPPGPOCWGT OKV 6QT FCTÒDGT GKP ITQGT <KPPGPVWTO \YKUEJGP \YGK MNGKPGP -WRRGNVÒTOGP +NKUEJ 0CEJVTCI \W -GPPGRQJN -GPPGRQJN XCT &C\W &KGVTKEJ XQP *QTPG 2HGPPKI 1UPCDTÒEM I $KUEJQH OKV -TWOOUVCD WPF $WEJ VJTQPV X X 5GEJUURGKEJKIGU 4CF \YKUEJGP \YGK 5EJT·IMTGW\EJGP WPVGT TWPFGO )KGDGN FCTCWH 6WTO \YKUEJGP \YGK (CJPGP -GPPGRQJN 5VÒEM 5GJT UEJÌP

3870

3871

5GFKUXCMCP\ 4GKEJUVCNGT *CPPQXGT &CX -GPPGRQJN D <GRGTPKEM (GKPG 2CVKPC YKP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

4GKEJUVCNGT *CPPQXGT &CX -GPPGRQJN D <GRGTPKEM

5GJT UEJÌP

3872

3873

3874

5GFKUXCMCP\ 4GKEJUVCNGT %NCWUVJCN ! &CX -GPPGRQJN <GRGTPKEM 5GJT UEJÌP UGJT UEJÌPpXQT\ÒINKEJ

5GFKUXCMCP\ 5KNDGTOGFCKNNG XQP 2 2 9GTPGT $TWUVDKNF XQP 5V 2GVTWU JCNDT OKV 5EJNÒU UGN WOJGT FKG 9CRRGP XQP &QOJGTTGP OKV 0COGP $TWUVDKNF -CTNU FGU )TQGP X X OKV 5EJYGTV WPF 4GKEJUCRHGN WOJGT FKG 9CRRGP FGT ÒDTKIGP &QOJGTTGP OKV 0COGP OO I -GP PGRQJN C <GRGTPKEM 8QT\ÒINKEJ

5GFKUXCMCP\ 5KNDGTOGFCKNNG #OUVGTFCO WPUKIPKGTV OO I -GPPGRQJN <GRGTPKEM *ÒDUEJG 2CVKPC YKP\ 4CPFHGJNGT XQT\ÒINKEJ

3875

56#&6

7PVGT 5EJYGFGP )WUVCX ++ #FQNH 4GKEJUVCNGT 1UPCDTÒEM #JNUVTÌO C &CX -GPPGRQJN 44 *ÒDUEJG 2CVKPC MN 5EJTÌVNKPIUTK UGJT UEJÌP 391

3878

3876

3877

156(4+'5.#0& (4+'5+5%*' /ª0<56 66'0 $+5 <7/ #7(56+') &'5 *#75'5 61/ $41-

*GTOCPP + XQP -CNXGNCIG 2HGPPKI 'OFGP I -QRH T &QRRGNHCFGPMTGW\ OKV 5EJTKHV KP FGP 9KPMGNP ,GUUG XCT 6GTICUV XCT 5GJT UEJÌP

156(4+'5.#0& )4#(5%*#(6 5'+6 (ª456'067/

%JTKUVKCP 'DGTJCTF 4GKEJUVCNGT CWH FGP 6QF UGKPGT )GOCJNKP 'DGTJCTFKPG 5QRJKG XQP ¤VVKPIGP ¤VVKPIGP -P[RJ .ÌHHGNJQN\ 5 :8+ 4 5GJT UEJÌP

-CTN 'F\CTF /CTKGPITQUEJGP 'UGPU -P[RJ 8QP ITQGT 5GNVGPJGKV -N <CKPGPFG UGJT UEJÌP

3879

$'0'&'-6+0'4#$6'+

1661$'74'0

5KNDGTOGFCKNNG XQP , 6JKGDCWF CWH FKG 5·EWNCTHGKGT FGT #DVGK 1VVQDGWTGP (ÒPH <GKNGP 5EJTKHV KP XGT\KGTVGT -CTVWUEJG &KG #PUKEJV FGT #DVGK CWU FGT 8QIGNRGTURGMVKXG OO I (QTUVGT 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

3880

$+567/

3881

2#&'4$140

$GTPJCTF ++ XQP 1GUGFG 2HGPPKI 2CFGTDQTP I c 5%.21 +g1&0% $KUEJQH VJTQPV X X OKV GKPURKV\KIGT /KVTC -TWOOUVCD WPF $WEJ c 1.21+ c +8+ 0+º L -TGW\ KP FGP 9KPMGNP LG GKPG -WIGN 9GKPI XCT 4 (CUV UGJT UEJÌP

'ZGORNCT FGT 5COONWPI -GPPGRQJN #WMVKQP (TKV\ 4WFQNH -ÒPMGT 1UPCDTÒEM 0T

392

5KOQP + \WT .KRRG 2HGPPKI $TCMGN I 5+ '2+5%1 $KUEJQH VJTQPV X X OKV /KVTC -TWOOUVCD WPF &TGKDNCVV $4#%.' %+8+6#5$' 9CRRGPUEJKNF KP IGIKVVGTVGO (GNF 9GKPI C XCT 4 -N 2T·IGUEJY·EJG UGJT UEJÌP

3882

3883

3884

5GFKUXCMCP\ 5KNDGTOGFCKNNG XQP 2 2 9GTPGT -CTN FGT )TQG UVGJV X X OKV 5EJYGTV WPF 4GKEJUCRHGN WOIGDGP XQP FGP 9CRRGP FGT &QOJGTTGP OKV 0COGP 5V .KDQTKWU UVGJV X X KP FGT 4GEJVGP FCU /QFGNN FGT 5VKHVUMKTEJG KP FGT .KPMGP GKP -TWOOUVCD WOIGDGP XQP FGP 9CRRGP FGT ÒDTKIGP &QOJGTTGP /KV 4CPFUEJTKHV Ë %#2+68. Û %#6*'& Û 2#&'4$140'05' Û 5'&' Û 8#%#06' Û Û Ë OO I 5EJYGFG # C <GRGTPKEM *ÒDUEJG 2CVKPC HCUV XQT\ÒINKEJ

4GKEJUVCNGT %NCWUVJCN &CX 5EJYGFG # C <GRGTPKEM (GKPG 2CVKPC HCUV XQT\ÒINKEJ

5GFKUXCMCP\ 5KNDGTOGFCKNNG WPUKIPKGTV XQP , %JT *QJNGKUGP 5VGORGN YCJTUEJGKPNKEJ XQP , 6JKGDCWF &TGK R[TCOKFGPHÌTOKI CPIGQTFPGVG 9CRRGPUEJKNFG WOJGT FKG 9CRRGP XQP \GJP &QOJGT TGP OKV 0COGP &GT JGKNKIG .KDQTKWU OKV -TWOOUVCD WPF -CTN FGT )TQG OKV 5EJYGTV JCNVGP &QOOQ FGNN WOJGT FKG 9CRRGP YGKVGTGT &QOJGTTGP OO I 5EJYGFG <GRGTPKEM *GTTNKEJG 2CVKPC MN 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

3885

3886

9KNJGNO #PVQP XQP FGT #UUGDWTI /CTKGPITQUEJGP 6CNGT -QPX 6CNGT 0GWJCWU 5EJYGFG # C 9GKPI 2TCEJVGZGORNCT #VVTCMVKXG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

-QPX 6CNGT 0GWJCWU &CX 5EJYGFG # C 9GKPI 2TCEJVGZGORNCT (GKP \CRQPKGTV XQT\ÒINKEJp5VGORGNINCP\

393

3887

3888

$+567/

3888

2#55#7

,QUGRJ &QOKPKMWU XQP .CODGTI 4GKEJUVCNGT IGRT·IV 4GIGPUDWTI 8CTKCPVG OKV .CWDTCPF FCTCWH KP #DUV·PFGP FKG +PKVKCNGP + % $ &CX -GNNPGT (GKP \CRQPKGTV HCUV XQT\ÒINKEJ

&KG 5VGORGN \W FGO XQTNKGIGPFGP 5VÒEM UVCOOGP XQP $ 4KEJVGT 9KGP &KG 2T·IWPI KP 4GIGPUDWTI GTHQNIVG YCJTUEJGKPNKEJ FWTEJ FGP /ÒP\OGKUVGT ,QJCPP %JTKUVQRJ $WUEJ

5GFKUXCMCP\ 5KNDGTOGFCKNNG XQP , %JT $WUEJ WPF , . 1GZNGKP 5V 5VGRJCP UKV\V X X OKV $WEJ WPF -TWOOUVCD FCXQT FCU 9CRRGP FGU &QOMCRKVGNU *CPF OKV 5VGKP CWU -TQPG #PUKEJV FGT 5VCFV CWU FGT 8QIGNRGTURGMVKXG OKV FGP FTGK (NÒUUGP +PP &QPCW WPF +N\ WOJGT FKG 9CRRGP FGT &QOJGTTGP OO I -GNNPGT <GRGTPKEM 4 (CUV XQT\ÒINKEJ

3890

3889

5KNDGTOGFCKNNG XQP , %JT $WUEJ WPF , . 1GZNGKP 5V 5VGRJCP UKV\V X X OKV $WEJ WPF -TWOO UVCD FCXQT FCU 9CRRGP FGU &QOMCRKVGNU *CPF OKV 5VGKP CWU -TQPG #PUKEJV FGT 5VCFV CWU FGT 8Q IGNRGTURGMVKXG OKV FGP FTGK (NÒUUGP +PP &QPCW WPF +N\ WOJGT FKG 9CRRGP FGT &QOJGTTGP OO I -GNNPGT <GRGTPKEM *ÒDUEJG 2CVKPC XQT\ÒINKEJ

2(#.< -74(ª456'067/ 394

3889

2(#.<

(TKGFTKEJ +++ 4GKEJUVCNGT *GKFGNDGTI 5NI /GOOGUJ XCT 8QP ITQGT 5GNVGPJGKV .GKEJV ÒDGTCTDGKVGVGU (WPFGZGORNCT UGJT UEJÌP

3891

3892

,QJCPP -CUKOKT 8GTIQNFGVG VTCIDCTG 5KNDGTIWOGFCKNNG XQP % $NQE )GJCTPKUEJVGU $TWUVDKNF T OKV *CNUMTCWUG &KCOCPVTKPI KP \YGK XGTUEJNWPIGPGP *·PFGP GPFGPF FCTKP XKGTHGNFKIGU RHCN\ DC[GTKUEJGU 9CRRGPUEJKNF CP .QTDGGT WPF 2CNO\YGKI J·PIGPF OO I 5NI /GO OGUJ 5VGORGT #NVGT )W /KV CNVGO *GPMGN UGJT UEJÌP

-CTN 6JGQFQT 5KNDGTPG 5WKVGPOGFCKNNG Q , XQP 9 WPF # 5EJ·HHGT .WFYKI 8 )GJCTPKUEJVGU $TWUVDKNF .WFYKIU 8 OKV *CNUMTCWUG T <GKNGP 5EJTKHV OO I *CCU 5NI /GOOGUJ 5VGORGT (CUV XQT\ÒINKEJ

&KG +FGG GKPG /GFCKNNGPTGKJG FGT RH·N\KUEJGP *GTTUEJGT CPHGTVKIGP \W NCUUGP UVCOOVG XQP -WTHÒTUV -CTN 2JKNKRR FGT UGKPGP %JGHOGFCKNNGWT 9KICPF 5EJ·HHGT OKV FGO 5EJPGKFGP FGT 5VGORGN DGCWHVTCIVG /CP MQPPVG UKEJ CDGT PKEJV ÒDGT FKG 6GZVG FGT 4ÒEMUGKVGP FKG FCU .GDGPUYGTM FGT DGVTGHHGPFGP *GTTUEJGT DGUEJTGKDGP UQNNVGP GKPKIGP &CTÒDGT UVCTD -CTN 2JKNKRR 5GKP 0CEJHQNIGT -CTN 6JGQFQT ITKHH FGP 2NCP CDGT YKGFGT CWH WPF DGCWHVTCIVG 9KICPF 5EJ·HHGTU 5QJP #PVQP OKV FGT (GTVKIUVGNNWPI FGT 5VGORGN FKG FKGUGT OKV GKPGO 5 UKIPKGTVG &KG /GFCKNNGPUWKVG YWTFG KP XGTUEJKG FGPGP #WUHÒJTWPIGP \W )GUEJGPM\YGEMGP DGK ,WDKN·GP WPF HÒTUVNKEJGP $GUWEJGP CWUIGIGDGP

3893

3894

-QPX 6CNGT /CPPJGKO &CX *CCU 5NI /GOOGUJ

5KNDGTOGFCKNNG Q , XQP * $QNVUEJCWUGT CWH FKG #MCFGOKG FGT 9KUUGPUEJCHVGP KP /CPPJGKO $TWUVDKNF T ,CPWUMQRH CWH 5·WNG XQT 6GORGNCPUKEJV N 5RJKPZ T 1DGNKUM OO I *CCU .CXGTTGP\ 5NI /GOOGUJ 5VGORGT $ 9KP\ 4CPFHGJNGT XQT\ÒINKEJ

3895

8QT\ÒINKEJp5VGORGNINCP\

3896

5KNDGTOGFCKNNG XQP # 5EJ·HHGT CWH FKG ,CJTHGKGT FGT 7PKXGTUKV·V *GKFGNDGTI $ÒUVG T OKV .QTDGGTMTCP\ /KPGTXC UKV\V N OKV 5RGGT WPF FGO RH·N\KUEJGP 5EJKNF WPF FGWVGV CWH GKPGP #NVCT CWH FGO GKP CWHIGUEJNCIGPGU $WEJ NKGIV FCXQT \YGK (ÒNNJÌTPGT OO I *CCU .CXGTTGP\ 5NI /GOOGUJ 5VGORGT (GKPG 2CVKPC YKP\ -TCV\GT HCUV XQT\ÒINKEJ

395

3897

3899

3898

2(#.< 0'7$74) *'4<1)67/

9QNHICPI 9KNJGNO 4GKEJUVCNGT )WPFGNHKPIGP DGK .CWKPIGP CP FGT &QPCW &CX 0QUU F 5NI /GOOGUJ *GPMGNURWT UGJT UEJÌP

21//'40 *'4<1)67/

21//'40

$QIKUNCY :+8 4GKEJUVCNGT /ÒP\UV·VVG YCJTUEJGKPNKEJ 5VGVVKP &CX *KNFKUEJ 44 *ÒDUEJG 2CVKPC *GPMGNURWT (GNF FGT 8QTFGTUGKVG IGIN·VVGV UGJT UEJÌP

3900

91.)#56 56#&6

7PVGT 5EJYGFGP )WUVCX ++ #FQNH 8KGTHCEJGT 4GKEJUVCNGT CWH UGKPGP 6QF I &GT -ÌPKI KP XQNNGO 1TPCV NKGIV N CWHIGDCJTV UGKPG 5GGNG YKTF XQP \YGK 'PIGNP \WO UVTCJNGPFGP 0COGP ,GJQXCU IGVTCIGP KO *KPVGTITWPF 5EJNCEJVHGNF )WUVCX #FQNH UKV\V KP 6TKWORJYCIGP FGT XQP FTGK 2GICUK IG\QIGP YKTF WPF YKTF DGMT·P\V XQP FGT 4GNKIKQP WPF FGT )GTGEJVKIMGKV QDGP '6 8+6# '6 /146' 64+7/2*1 +O .GDGP YKG KO 6QFG VTKWORJKGTG KEJ #JNUVTÌO &CX 44 /KP DGTKGDGP YKP\ -TCV\GT UGJT UEJÌP &GT NCVGKPKUEJG 5RTWEJ CWH FGT 4ÒEMUGKVG FKGUGU 5VÒEMGU DG\KGJV UKEJ FCTCWH FC )WUVCX #FQNH KP FGT 5EJNCEJV XQP .ÒV\GP CO HKGN FKG 5EJYGFGP CDGT VTQV\FGO QFGT IGTCFG FGUYGIGP UKGIVGP 0CEJ UGKPGO 6QFG YWTFG FGT -ÌPKI PCEJ 9QNICUV IGDTCEJV YQ FGT .GKEJPCO GKP JCNDGU ,CJT DNKGD 'TUV #PHCPI ,WNK YWTFG GT PCEJ GKPGT HGKGTNKEJGP 2TQ\GUUKQP CWH GKP 5EJKHH IGDTCEJV WPF PCEJ 5VQEMJQNO ÒDGTHÒJTV <W FKGUGT )GNGIGPJGKV UKPF 5EJCWUVÒEMG YKG FGT JKGT XQTNKGIGPFG XKGTHCEJG 4GKEJUVCNGT IGRT·IV YQTFGP

396

3901

3902

21//'40 *'4<1)67/ 706'4 5%*9'&'0

%JTKUVKPC 4GKEJUVCNGT 5VGVVKP #JNUVTÌO &CX (GKPG 2CVKPC MN 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

-CTN :+ 6CNGT 5VGVVKP #JNUVTÌO E /KP 5EJTÌVNKPIUHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

3903

3904

6CNGT 5VGVVKP #JNUVTÌO

5GJT UEJÌPpXQT\ÒINKEJ

6CNGT 5VGVVKP #JNUVTÌO &CX (WPFGZGORNCT 'VYCU TCWJ MN 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

3905

4ª)'0 (ª456'067/

9K\NCY + $TCMVGCV I -WIGNMTGW\ KP *CNDDQIGP FCTÒDGT DTGKVGT 6WTO OKV GKPGO MNGKPGTGP T FCPGDGP CP FGT NKPMGP 5GKVG GKPG PCEJ T YGJGPFG (CJPG &CPPGPDGTI FQTV WPVGT 5VTCNUWPF 8QP ITQGT 5GNVGPJGKV (CUV UGJT UEJÌP

37'&.+0$74)

#$6'+

3906

&QTQVJGC XQP 5CEJUGP 6CNGT )TQUEJGP %CRRG XCT

3907

5GJT UEJÌPpXQT\ÒINKEJ

3908

#PPC &QTQVJGC XQP 5CEJUGP 9GKOCT 4GKEJUVCNGT $TCWPUEJYGKI CWH KJTGP 6QF %CRRG &CX (GKP \CRQPKGTV YKP\ -TCV\GT UGJT UEJÌP

4GKEJUVCNGT $TCWPUEJYGKI CWH KJTGP 6QF %CRRG &CX 4CPF DGCTDGKVGV YKP\ -TCV\GT UGJT UEJÌPpXQT\ÒINKEJ

397

3909

$+567/

4#6<'$74)

%JTKUVQRJ XQP /GEMNGPDWTI 4GKEJUVCNGT 5EJÌPDGTI OKV 6KVGN 4WFQNHU ++ I /KVTKGTVGU 9CRRGP CWH \YGK $KUEJQHUUV·DGP )GMTÌPVGT &QRRGNCFNGT OKV 4GKEJUCRHGN CWH FGT $TWUV &CX 'XGTU -WP\GN $ C 5NI )CGVVGPU 44 .GKEJVG $GCTDGKVWPIUURWTGP UGJT UEJÌP /KV FGT 4GHQTOCVKQP JÌTVG 4CV\GDWTI CWH GKP MCVJQNKUEJGP $KUVWO \W UGKP 'U FKGPVG \WT 8GTUQTIWPI LÒPIGTGT PQTF FGWVUEJGT 2TKP\GP OGKUV CWU FGO *CWUG /GEMNGPDWTI +O ,CJT MCO FCU )GDKGV CP /GEMNGPDWTI 5VTGNKV\ %JTKUVQRJ XQP /GEMNGPDWTI NKG KP UGKPGT <GKV CNU #FOKPKUVTCVQT XQP 4CV\GDWTI PWT YGPKIG /ÒP\GP RT·IGP

3910

4')'05$74) /ª0<56 66' &'4 *'4<¤)' 810 $#;'40

*GKPTKEJ +8 FGT *GKNKIG CNU -ÌPKI *GKPTKEJ ++ &GPCT I /KV /ÒP\ OGKUVGTPCOGP 1*%% ? )GMTÌPVG $ÒUVG T -TGW\ KP FGP 9KPMGNP &TGKGEM FTGK 2WPMVG FTGK 2WPMVG 4KPIGN *CJP D (GKPG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

3912

3911

$+567/

398

5GFKUXCMCP\ 5KNDGTOGFCKNNG XQP , % $WUEJ WPF , . 1GZNGKP #PUKEJV FGU 4GIGPDWTIGT &QOU XQP 5ÒFYGUVGP OKV PQEJ WPXQNNGPFGVGP 6ÒTOGP +P GKPGT OWUEJGNHÌTOKIGP -CTVWUEJG FCU 9CR RGP FGU &QOMCRKVGNU 'KP CWH FGO 9CUUGT HCJTGPFGT -CJP FCTKP FGT #RQUVGN 2GVTWU OKV 5EJNÒUUGN WPF (KUEJ WOIGDGP XQP 9CRRGP FGT &QOJGTTGP OKV 0COGP OO I 'OOGTKI -Q\KPQYUMK <GRGTPKEM (GNFGT IGIN·VVGV UGJT UEJÌPpXQT\ÒINKEJ

5KNDGTOGFCKNNG XQP , % $WUEJ WPF , . 1GZNGKP +P GKPGT OWUEJGNHÌTOKIGP -CTVWUEJG FCU 9CR RGP FGU &QOMCRKVGNU 'KP CWH FGO 9CUUGT HCJTGPFGT -CJP FCTKP FGT #RQUVGN 2GVTWU OKV 5EJNÒUUGN WPF (KUEJ #PUKEJV FGU 4GIGPDWTIGT &QOU XQP 5ÒFYGUVGP OKV PQEJ WPXQNNGPFGVGP 6ÒTOGP OO I 'OOGTKI -Q\KPQYUMK <GRGTPKEM *ÒDUEJG 2CVKPC YKP\ 4CPFHGJNGT XQT\ÒINKEJ

3913

3914

5GFKUXCMCP\ -QPX 6CNGT 4GIGPUDWTI &CX 'OOGTKI -Q\KPQYUMK <GRGTPKEM 2TCEJVGZGORNCT (GKP \CRQPKGTV HCUV 5VGORGNINCP\

-QPX 6CNGT 4GIGPUDWTI &CX 'OOGTKI -Q\KPQYUMK <GRGTPKEM .GKEJVG $GCTDGKVWPIUURWTGP KO (GNF FGT 4ÒEMUGKVG UGJT UEJÌPpXQT\ÒINKEJ

3915

3916

56#&6

$CV\GP $GEMGPD -TGW\GT OKV 6KVGN -CTNU 8 $GEMGPD

3917

5GJT UEJÌP 5GJT UEJÌP

3918

3919

5KNDGTIWOGFCKNNG WPUKIPKGTV XQP %JT /CNGT CWH FGP 4GKEJUVCI KP 4GIGPUDWTI /GFCKNNQP OKV FGO $TWUVDKNF -CKUGT 4WFQNHU ++ WOJGT UGEJU YGKVGTG /GFCKNNQPU OKV FGP $TWUVDKNFGTP FGT -WTHÒTUVGP /GFCKNNQP OKV FGO 4GKEJUCFNGT WOJGT YGKVGTG UGEJU /GFCKNNQPU OKV FGP 9CRRGP FGT -WTHÒTUVGP OO I 2NCVQ 5NI 'TNCPIGT 5NI 'TNCPIGT ++ 5NI /QPVGPWQXQ 5GJT UEJÌP

5KNDGTOGFCKNNG XQP * ) $CJTG ! CWH FGP 4GKEJUVCI KP 4GIGPUDWTI (ÒPH <GKNGP 5EJTKHV KP -TCP\ QDGP IGMTÌPVGT &QRRGNCFNGT WOJGT 9CRRGPMTGKU DGUVGJGPF CWU FGP 9CRRGP FGT UKGDGP -WTHÒT UVGP $TWUVDKNF (GTFKPCPFU +++ T OKV .QTDGGTMTCP\ QDGP -TQPG WPVGP FGT 4GIGPUDWTIGT 9CRRGP UEJKNF KP -CTVWUEJG \W FGP 5GKVGP MNGKP FKG 5KIPCVWT *) $4 OO I 2NCVQ 5NI /QP VGPWQXQ 8QT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 2CVKPC

4GKEJUVCNGT OKV 6KVGN .GQRQNFU + $GEMGPD &CX

8QT\ÒINKEJ

399

3920

3921

4GKEJUVCNGT OKV 6KVGN ,QUGHU + $GEMGPD

4 8QT\ÒINKEJp5VGORGNINCP\

4GKEJUVCNGT Q , WO OKV 6KVGN -CTNU 8++ $GEMGPD &CX 4 (GKP \CRQPKGTV XQT\ÒINKEJ

3923

3922

-QPX 6CNGT OKV 6KVGN XQP (TCP\ + $GEMGPD &CX $ (GKP \CRQPKGTV HCUV XQT\ÒINKEJ -QPX 6CNGT OKV 6KVGN XQP (TCP\ + $GEMGPD 8QT\ÒINKEJ

3924

3925

3926

-QPX 6CNGT OKV 6KVGN XQP (TCP\ + $GEMGPD &CX

(GKP \CRQPKGTV XQT\ÒINKEJ

-QPX 6CNGT OKV 6KVGN ,QUGHU ++ $GEMGPD &CX 8QT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 2CVKPC

-QPX 6CNGT OKV 6KVGN ,QUGHU ++ $GEMGPD &CX -N 5EJTÌVNKPIUHGJNGT CO 4CPF XQT\ÒINKEJ

400

3927

3928

-QPX 6CNGT OKV 6KVGN ,QUGHU ++ $GEMGPD &CX -CDKPGVVUVÒEM 'TUVCDUEJNCI (GKPG 2CVKPC HCUV 5VGORGNINCP\

-QPX 6CNGT OKV 6KVGN ,QUGHU ++ $GEMGPD &CX -QPX 6CNGT OKV 6KVGN ,QUGHU ++ $GEMGPD &CX

(GKP \CRQPKGTV XQT\ÒINKEJ (GNFGT OKP IGIN·VVGV UGJT UEJÌP

3930

3931

-QPX 6CNGT CWH FGP 9GVVMCORH KO $QIGPUEJKGGP $GEMGPD &CX

8QT\ÒINKEJ

-QPX 6CNGT CWH FGP 9GVVMCORH KO $QIGPUEJKGGP $GEMGPD &CX (GKP \CRQPKGTV HCUV XQT\ÒINKEJ

3932

3933

3934

5KNDGTOGFCKNNG XQP , 0 -ÌTPNGKP CWH FCU L·JTKIG )TÒPFWPIUHGUV FGT .QIG &KG 9CEJUGPFG \W FGP FTGK 5EJNÒUUGNP 'KP CWU 3WCFGTP IGDKNFGVGU 2QUVCOGPV CP FGO FCU .QIGPYCRRGP CPIGDTCEJV KUV FCTCWH GKP -WDWU OKV FGT <CJN ::8 QDGP HÒPH\CEMKIGT UVTCJNGPFGT 5VGTP *GTMWNGU KO .ÌYGPHGNN GTUEJN·IV OKV FGT -GWNG FKG XKGTMÌRHKIG *[FTC OO I *<% 4 2TCEJVXQNNG 2CVKPC YKP\ 5VGORGNHGJNGT XQT\ÒINKEJp5VGORGNINCP\

-QPX 6CNGT OKV 6KVGN .GQRQNFU ++ $GEMGPD &CX *GTTNKEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

-QPX 6CNGT OKV 6KVGN XQP (TCP\ ++ CWH FKG 9KGFGTJGTUVGNNWPI FGT 5VGKPGTPGP $TÒEMG WPF CWH FKG ªDGTDTKPIWPI FGT 0CEJTKEJV XQP FGT 9CJN XQP (TCP\ ++ \WO -CKUGT $GEMGPD &CX 8QT\ÒINKEJ

401

3935

3936

3937

-QPX 6CNGT OKV 6KVGN XQP (TCP\ ++ CWH FKG 9KGFGTJGTUVGNNWPI FGT 5VGKPGTPGP $TÒEMG WPF CWH FKG ªDGTDTKPIWPI FGT 0CEJTKEJV XQP FGT 9CJN XQP (TCP\ ++ \WO -CKUGT $GEMGPD &CX 8QT\ÒINKEJ

-QPX 6CNGT OKV 6KVGN XQP (TCP\ ++ $GEMGPD &CX

8QT\ÒINKEJ

-QPX 6CNGT OKV 6KVGN XQP (TCP\ ++ $GEMGPD &CX (GKP \CRQPKGTV YKP\ -TCV\GT XQT\ÒINKEJ

3939

3938

3939

(ª456'067/

%CTN 6JGQFQT XQP &CNDGTI -QPX 6CNGT #-5 ,

8QT\ÒINKEJ

56 '//'4#0 #$6'+

(TQDGPKWU (QTUVGT 5KNDGTOGFCKNNG XQP , 5EJGWHGN CWH FKG ,CJTHGKGT UGKPGT 2TKG UVGTYGKJG $TWUVDKNF T &TGKHCEJ DGJGNOVGU 9CRRGP OO I <GRGTPKEM 4 -N 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

(TQDGPKWU (QTUVGT KP -ÌPKIUHGNF Ó NGIVG KP 5V 'OOGTCP UGKP )GNÒDFG CD WPF YWTFG \WO 2TKGUVGT IGYGKJV 'T YWTFG KP FGO 5VKHV 2TQHGUUQT FGT 2JKNQUQRJKG WPF NGJTVG CWEJ KP 5CN\DWTI 5GKPG #TDGKV CNU )GNGJTVGT WPF UGKPG 8GTFKGPUVG WO FCU 5VKHV WPF FGUUGP /KVINKGFGT OCEJVGP KJP UGJT DGMCPPV

3940

4'755 4'755 1$'4)4'+< )4#(5%*#(6 5'+6 (ª456'067/ 402

*GKPTKEJ + 6CNGT 5CCNHGNF 5EJOKFV -PCD 5EJÌPG 2CVKPC YKP\ 5EJTÌVNKPIUTK UGJT UEJÌP

3941

3942

3943

*GKPTKEJ :+ -QPX 6CNGT 5CCNHGNF &CX 5EJOKFV -PCD (GKP \CRQPKGTV XQT\ÒINKEJ

-QPX 6CNGT 5CCNHGNF &CX 5EJOKFV -PCD (GKP \CRQPKGTV OKP 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJp5VGORGNINCP\

-QPX 6CNGT 5CCNHGNF &CX 5EJOKFV -PCD 8QT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 6ÌPWPI

3944

3945

3944

4'755 706'4)4'+< *'445%*#(6 5'+6 )4#(5%*#(6

*GKPTKEJ +++ -QPX 6CNGT 5CCNHGNF #WUDGWVG FGT 'T\ITWDGP -NGKPTGKPUFQTH /ÒUGNGT 5EJOKFV -PCD 5GJT UEJÌP

-QPX 6CNGT 5CCNHGNF CWH FGP (TKGFGP XQP *WDGTVWUDWTI &CX 5EJOKFV -PCD 4 (GKP \CRQPKGTV HCUV XQT\ÒINKEJ XQT\ÒINKEJ

3946

3947

3946

4'755 ,ª0)'4'4 .+0+' )'4# *'445%*#(6

*GKPTKEJ FGT ,ÒPIGTG &TGKGT .QDGPUVGKP 5EJOKFV -PCD 4 -N 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

4'755 5%*.'+< )4#(5%*#(6 5'+6 (ª456'067/

*GKPTKEJ + 6CNGT 5EJNGK\ &CX 5EJOKFV -PCD 9KP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

403

3948

3949

*GKPTKEJ :++ -QPX 6CNGT 5CCNHGNF CWH FGP (TKGFGP XQP *WDGTVWUDWTI &CX 5EJOKFV -PCD 2TCEJVGZGORNCT (GKP \CRQPKGTV XQT\ÒINKEJ

6CNGT 5CCNHGNF 5EJOKFV -PCD

3950

8QT\ÒINKEJ

3951

3952

*GKPTKEJ .:++ 8GTGKPUFQRRGNVCNGT L·JTKIGU 4GIKGTWPIULWDKN·WO #-5 &CX -CJPV 6JWP 4 0WT 'ZGORNCTG IGRT·IV #VVTCMVKXG 2CVKPC OKP 4CPFHGJNGT HCUV XQT\ÒINKEJ *GKPTKEJ :+8 8GTGKPUVCNGT #-5 &CX -CJPV 6JWP /KP 4CPFHGJNGT XQT\ÒINKEJ

4'755 '$'45&14( )4#(5%*#(6 5'+6 (ª456'067/

*GKPTKEJ .+ -QPX 6CNGT #-5 &CX -CJPV 6JWP (GKP \CRQPKGTV HCUV XQT\ÒINKEJ

3953

4+'6$'4) )4#(5%*#(6 5'+6 (ª456'067/

,QJCPP +8 .ÌYGPVCNGT $WUG D XCT &CX XCT

5GJT UEJÌP

&KGUGT 6CNGT KUV GKP DKUJGT PKEJV RT·\KUG \WYGKUDCTGT NGXCPVKPKUEJGT $GKUEJNCI \W FGP PKGFGTN·PFKUEJGP .ÌYGPVCNGTP &KG <WYGKUWPI \W 4KGVDGTI CWHITWPF FGT 7OUEJTKHV KUV PCEJ JGWVKIGT (QTUEJWPI PKEJV OGJT JCNVDCT 9KT JCDGP FCU 5VÒEM FGPPQEJ WPVGT 4KGVDGTI GKPIGQTFPGV FC GU FQTV CWEJ KP FGT GKPUEJN·IKIGP .KVGTCVWT \W HKPFGP KUV

404

3955

3956

3954

41561%-

56#&6

-W 5EJGTH 2HGPPKI Q , EC )TKOO -WP\GN

5KNDGTOGFCKNNG WPUKIPKGTV CWH FKG 4GUVCWTCVKQP FGT 7PKXGTUKV·V 4QUVQEM /KPGTXCVGORGN CWH (GNUGP 5KGDGP <GKNGP 5EJTKHV KP .QTDGGT WPF 2CNO\YGKI OO I .CXGTTGP\ 4 *ÒDUEJG 2CVKPC XQT\ÒINKEJ

5KNDGTOGFCKNNG XQP # #CTQP CWH FKG ,CJTHGKGT FGT 7PKXGTUKV·V 4QUVQEM $TWUVDKNF FGU )TQ JGT\QIU (TKGFTKEJ (TCP\ KP 7PKHQTO N $TWUVDKNFGT FGT 5VKHVGT FGT 7PKXGTUKV·V #NDGTV WPF ,QJCPPGU KP )CNCMNGKFGTP T OO I .CXGTTGP\ 4 *GTTNKEJG 2CVKPC XQT\ÒINKEJ

3957

5GJT UEJÌP

1,5:1

-QPTCF FGT )TQG XQP 9GVVKP $TCMVGCV I /CTMITCH UVGJV X X KO -GVVGPJGOF OKV IGUEJWNVGTVGO 5EJYGTV WPF (CJPG N GKPG YGKVGTG (CJPG $GTIGT 5NI $QPJQHH 5EJYKPMQYUMK 8QP ITQGT 5GNVGPJGKV 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC HCUV 5VGORGNINCP\

3958

3959

3960

1VVQ FGT 4GKEJG $TCMVGCV I 6QTIGD·WFG OKV <KPPGPVWTO WPF \YGK UGKVNKEJGP 6ÒT OGP FCTWPVGT KP FTGKDQIKIGT 'KPHCUUWPI )GD·WFG OKV -TGW\ $GTIGT 5NI $QPJQHH 5EJYKP MQYUMK (GKPG 2CVKPC UGJT UEJÌP

$TCMVGCV I /CWGTTKPI OKV 6QT WPF HÒPH 6ÒTOGP $GTIGT 5NI $QPJQHH 5EJYKPMQYUMK (GKPG 2CVKPC UGJT UEJÌP

$TCMVGCV I )KGDGN OKV FTGK -ÒRRGNVÒTOGP FCTWPVGT -WRRGNVWTO OKV \YGK 5GKVGPHNÒIGNP $GTIGT 5NI $QPJQHH 5EJYKPMQYUMK (GKPG 2CVKPC UGJT UEJÌP

405

3962

3961

9KNJGNO + /GKPGT )TQUEJGP -TGW\ITQUEJGP Q , (TGKDGTI -TWI -N 5EJTÌVNKPIUTKUUG CO 4CPF UGJT UEJÌPpXQT\ÒINKEJ

5#%*5'0 -74(ª456'067/

'TPUV #NDTGEJV WPF 9KNJGNO +++ 5RKV\ITQUEJGP <YKEMCW $GKFGTUGKVU /ÒP\\GKEJGP -NGGDNCVV -TWI 5GJT UEJÌP

3963

(TKGFTKEJ +++ FGT 9GKUG WPF ,QJCPP 6CNGT $WEJJQN\ I $TWUVDKNF (TKGFTKEJU +++ OKV /ÒV\G T KP FQRRGNVGO 5EJTKHVMTGKU $TWUVDKNF ,QJCPPU N KP FQRRGNVGO 5EJTKHVMTGKU /KV TÌOKUEJGT ,CJTGU\CJN KP FGT 4ÒEMUGKVGPWOUEJTKHV &CX 5EJPGG 8QP ITQGT 5GNVGPJGKV 5GJT CVVTCMVKXG /ÒP\G FGT 4GPCKUUCPEG UGJT UEJÌP

3964

3965

3966

(TKGFTKEJ +++ FGT 9GKUG )GQTI WPF ,QJCPP 6CNGT Q , #PPCDGTI -NCRROÒV\GPVCNGT &CX 5EJPGG 4 ªDGTFWTEJUEJPKVVNKEJ GTJCNVGP .GKEJVG -QTTQUKQPUURWT CWH FGT 4ÒEMUGKVG 5GJT UEJÌPGU 'ZGORNCT

(TKGFTKEJ +++ FGT 9GKUG ,QJCPP WPF )GQTI 6CNGT Q , #PPCDGTI -NCRROÒV\GPVCNGT &CX 5EJPGG 8QP ITQGT 5GNVGPJGKV 4CPF WPF (GNFGT NGKEJV DGCTDGKVGV UGJT UEJÌP

6CNGT Q , #PPCDGTI -NCRROÒV\GPVCNGT &CX # 5EJPGG ªDGTFWTEJUEJPKVVNKEJ GTJCNVGP (GKP \CRQPKGTV UGJT UEJÌPpXQT\ÒINKEJ

406

3967

3968

3969

6CNGT Q , #PPCDGTI -NCRROÒV\GPVCNGT &CX # 5EJPGG 6CNGT Q , #PPCDGTI -NCRROÒV\GPVCNGT &CX # 5EJPGG

5GJT UEJÌP (GKP \CRQPKGTV UGJT UEJÌP

,QJCPP WPF )GQTI 6CNGT Q , #PPCDGTI &CX 5EJPGG 4 (GKP \CRQPKGTV HCUV UGJT UEJÌP

3970

3971

)GQTI CNU *GT\QI HCEJGT 6CNGT #PPCDGTI I $TWUVDKNF N OKV &TCJVJCWDG WPF /CPVGN &TGKHCEJ DGJGNOVGU \GJPHGNFKIGU 9CRRGP &CX XIN 5EJPGG XIN +P FKGUGO )GYKEJV ·WGTUV UGNVGP <CRQPKGTV UGJT UEJÌP

.CWV 6GPV\GN UVGJV FKGUG UGJT UGNVGPG 2T·IWPI OÌINKEJGTYGKUG KP <WUCOOGPJCPI OKV FGT *QEJ\GKV UGKPGU 8GVVGTU ,QJCPP (TKGFTKEJ KP 6QTICW &KG JQEJTGNKGHKGTVG /ÒP\G OKV FGT #NVGTUCPICDG '6#6+5 58' .8+ KO #NVGT XQP ,CJTGP YWTFG XGTOWVNKEJ CNU )GUEJGPM XGTVGKNV

,QJCPP (TKGFTKEJ FGT )TQOÒVKIG HCEJGT DTGKVGT 6CNGT $WEJJQN\ CWH FKG 'KPNÌUWPI FGT $WTIITCHUEJCHV /CIFGDWTI I &CX 5EJPGG 4 (GKP \CRQPKGTV YKP\ UCWDGT IGUVQRHVGU .QEJ FGPPQEJ UGJT CVVTCMVKXGU XQNN CWUIGRT·IVGU XQT\ÒINKEJGU 'ZGORNCT

407

3973

3972

,QJCPP (TKGFTKEJ FGT )TQOÒVKIG WPF )GQTI 6CNGT #PPCDGTI &CX 5EJPGG (GKP \CRQPKGTV MN 5EJTÌVNKPIUTK UGJT UEJÌP

6CNGT $WEJJQN\ &CX 5EJPGG 5GNVGP KP FKGUGT 'TJCNVWPI *GTTNKEJG 2CVKPC MN 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJGU 'ZGORNCT

6CNGT $WEJJQN\ &CX 5EJPGG 6CNGT (TGKDGTI &CX 5EJPGG

3976

3975

3974

5GJT UEJÌP (GKP \CRQPKGTV UGJT UEJÌP

3978

3979

6CNGT #PPCDGTI &CX 5EJPGG 6CNGT #PPCDGTI &CX 5EJPGG

,QJCPP (TKGFTKEJ FGT )TQOÒVKIG WPF *GKPTKEJ 6CNGT #PPCDGTI &CX 5EJPGG 4 (GKPG 2CVKPC YKP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

,QJCPP (TKGFTKEJ FGT )TQOÒVKIG *GKPTKEJ WPF ,QJCPP 'TPUV 6CNGT $WEJJQN\ &CX 5EJPGG (GKP \CRQPKGTV UGJT UEJÌP

408

5GJT UEJÌP (WPFGZGORNCT <CRQPKGTV UGJT UEJÌP

3981

3980

,QJCPP (TKGFTKEJ FGT )TQOÒVKIG WPF /QTKV\ 6CNGT #PPCDGTI &CX 5EJPGG (GKP \CRQPKGTV UGJT UEJÌP

6CNGT (TGKDGTI I &KG 9CRRGPUEJKNFG FGU *GT\QIVWOU 5CEJUGP WPF FGT .CPFITCHUEJCHV 6JÒTKPIGP PGDGPGKPCPFGT FCTÒDGT FGT -WTUEJKNF *GNO -GKNKV\ 8QP ITQGT 5GNVGPJGKV 5GJT UEJÌP

3982

3983

3985

,QJCPP (TKGFTKEJ FGT )TQOÒVKIG WPF 2JKNKRR FGT )TQOÒVKIG XQP *GUUGP 6CNGT )QUNCT 5EJOCNMCNFKUEJGT $WPFGUVCNGT &CX 5EJPGG 5EJÒV\ XCT (GKP \CRQPKGTV YKP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

6CNGT )QUNCT 5EJOCNMCNFKUEJGT $WPFGUVCNGT &CX 5EJPGG 5EJÒV\ XCT 5GJT CVVTCMVKXGU UGJT UEJÌPGU 'ZGORNCT

6CNGT )QUNCT 5EJOCNMCNFKUEJGT $WPFGUVCNGT &CX 5EJPGG 5EJÒV\ (CUUWPIUURWTGP UEJÌP

6CNGT )QUNCT 5EJOCNMCNFKUEJGT $WPFGUVCNGT &CX 5EJPGG 5EJÒV\ -N 5COONGTRWP\G * KO (GNF FGT 8QTFGTUGKVG YKP\ *GPMGNURWT ! UGJT UEJÌPGU CVVTCMVKXGU 'ZGORNCT

409

3986

410

,QJCPP (TKGFTKEJ FGT )TQOÒVKIG /QTKV\ WPF 2JKNKRR FGT )TQOÒVKIG XQP *GUUGP 5KNDGTIWOGFCKNNG 9GTMUVCVV * 4GKPJCTV F &TGKHCNVKIMGKVUOGFCKNNG 24126'4 5%'.85 2128 .+ /'+ 2'4%8 55+ '8/ DNWOGPCTVKIG 8GT\KGTWPI '5#+ Ú .+++ 6JTQPGPFGT )QVV XCVGT KO MCKUGTNKEJGP 1TPCV OKV -TQPG <GRVGT WPF 4GKEJUCRHGN XQT KJO FCU HTGKG CWHIGNÌVGVG -TW\KHKZ OKV FGT 6CWDG FGU *GKNKIGP )GKUVGU \W FGP 5GKVGP LG GKP DGVGPFGT 'PIGN WPF 'PIGNUMÌRHG 4')0#06' Ú /#84+6+1 Ú & Ú ) Ù &8%' Û 5#:10+ \E Ù )41558/ *80) Û .+25+ *4

MWTUKX XGTDWPFGP Ú %8&'$#6 Ü #0u Û / Û & Û :.++++ Û /'05' Û +#08 Ü #WH GKPGT XQP \YGK 'PIGNP IGJCNVGPGP 6CHGN FCU CVJCPCUKCPKUEJG )NCWDGPUDGMGPPVPKU KP <GKNGP FCTÒDGT 5EJKNF OKV +*5 *CDKEJ ++ XCT 44 'KP /GKUVGTYGTM FGT FGWVUEJGP 4GPCKUUCPEG 8QT\ÒINKEJGT 1TKIKPCNIW

'ZGORNCT FGT 5NI 'WIGP (GNKZ -WPUVOGFCKNNGP CWU FGT 2GTKQFG FGT &GWVUEJGP 4GPCKUUCPEG #WMVKQP # *GUU 0CEJH (TCPMHWTV /CKP 0T 1D FKGUGT UQIGPCPPVG /QTKV\RHGPPKI UGKPG 'PVUVGJWPI GKPGO #WHVTCI FGU -WTHÒTUVGP XGTFCPMV QFGT QD * 4GKPJCTV FCU CNU 5KNDGTUEJOKGFGYGTM GKP\KI FCUVGJGPFG 5VÒEM CWU GKIGPGT +PKVKCVKXG WPF CWH GKIGPG )GHCJT JGTUVGNNVG DNGKDV WPIGYK ,GFGPHCNNU JCV FKG #PPCJOG XKGN HÒT UKEJ FC FCU 5EJCWUVÒEM CPN·NKEJ FGT XQT FGO #WUDTWEJ FGU 5EJOCN MCNFKUEJGP -TKGIGU DGUQPFGTU NGDJCHV IGTCFG XQP -WTHÒTUV /QTKV\ DGVTKGDGPGP 'KPKIWPIUDGUVTGDWPIGP GPVUVCPFGP KUV HÒT FKG FCU #VJCPCUKCPKUEJG $GMGPPVPKU GKPG IGGKIPGVG )TWPFNCIG \W DKGVGP UEJKGP 9CT FQEJ FKG 6TKPKV·VUNGJTG HÒT DGKFG -QPHGUUKQPGP GKP IGOGKPUCOGT )NCWDGPUUCV\ &KG 6CHGNKPUEJTKHV *#'% '56 (+&'5 %#6*1.+%# 86 808/ &'8/ +0 64+0+6#6' '6 64+0+6#6'/ +0 80+6#6' 8'0'4'/84 KUV FGO FTKVVGP 5CV\ FGU #VJCPCUKCPKUEJGP )NCWDGPUDGMGPPVPKU GPVNGJPV FKG HQNIGPFGP 9QTVG DKU /#+'56#5 FGO HÒPHVGP WPF UGEJUVGP 5CV\ FGUUGNDGP OKV WPYGUGPVNKEJGT 7OUVGNNWPI FGT 5EJNW 1 8'0'4#0&# WUY KUV NCWV 6GPV\GN GKP 5GWH\GT FGT CNVGP -KTEJG WPF NCWV &QOCPKI GKPGO MKTEJNKEJGP *[OPWU GPVPQOOGP &CU 9QTV /#+'56#5 FCU KP FGT 6CHGNKPUEJTKHV FWTEJ UGKPG 5VGNNWPI JGTXQTIGJQDGP YKTF DG\GKEJPGV FGP 6[RWU FGT &CTUVGNNWPI FGT &TGKHCNVKIMGKV CNU )PCFGPUVWJN CWH FGT 8QTFGTUGKVG %8&'$#6 KP FGT 7OUEJTKHV CWH FGT 4ÒEM UGKVG JCV PCEJ FGO 5RTCEJIGDTCWEJ FGT <GKV FKG $GFGWVWPI JCV JGTIGUVGNNV KP FKGUGO 5KPPG XGTYGPFGV \ $ .WE MKWU EWUWU UV·PFKI

3987

3989

3988

/QTKV\ 6CNGT #PPCDGTI &CX 5EJPGG *ÒDUEJG 2CVKPC YKP\ 5EJTÌVNKPIUHGJNGT CO 4CPF XQT\ÒINKEJGU 'ZGORNCT

#WIWUV 6CNGT #PPCDGTI &CX 5EJPGG 5GNVGP DGUQPFGTU KP FKGUGT 'TJCNVWPI (GKP \CRQPKGTV UGJT UEJÌPpXQT\ÒINKEJ XQT\ÒINKEJ

6CNGT &TGUFGP &CX 5EJPGG

8QT\ÒINKEJ

3990

3991

5EJTGEMGPDGTIGT &TGUFGP -QJN 6CNGT &TGUFGP CWH FKG 'KPPCJOG XQP )QVJC &CX 5EJPGG

3991

4 5GJT UEJÌP 8QT\ÒINKEJ

411

3993

3992

6CNGT &TGUFGP CWH FKG 'KPPCJOG XQP )QVJC &CX 5EJPGG (GKP \CRQPKGTV OKP 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

6CNGT &TGUFGP CWH FKG 'KPPCJOG XQP )QVJC &CX 5EJPGG (WPFGZGORNCT UGJT UEJÌP

3995

3994

6CNGT 5EJPGGDGTI &CX 5EJPGG

4GKEJUVCNGT &TGUFGP &CX 5EJPGG

2CVKPC UGJT UEJÌP

(GKP \CRQPKGTV UGJT UEJÌP

3996

3997

5EJTGEMGPDGTIGT &TGUFGP -QJN

5GJT UEJÌP

4GKEJUVCNGT &TGUFGP &CX 5EJPGG

5GJT UEJÌP

4GKEJUVCNGT &TGUFGP &CX 5EJPGG *ÒDUEJG 2CVKPC YKP\ 5EJTÌVNKPIUHGJNGT CO 4CPF XQT\ÒINKEJ

%JTKUVKCP ++ ,QJCPP )GQTI + WPF #WIWUV 4GKEJUVCNGT &TGUFGP &CX 5EJPGG 8QT\ÒINKEJ

3998

412

3999

4001 (doppelt)

4000 (doppelt)

&QRRGNVGT 4GKEJUVCNGT &TGUFGP I &CX 5EJPGG &QRRGNVGT 4GKEJUVCNGT &TGUFGP I &CX 5EJPGG

4002

4003

,QJCPP )GQTI + -KRRGT )TQUEJGP 9GKFC +++ 5QTVG 4CJPGPHÒJTGT -TWI 44 5GJT UEJÌP 4GKEJUVCNGT &TGUFGP &CX 5EJPGG (GKP \CRQPKGTV UGJT UEJÌP

4004

4 <CRQPKGTV HCUV UGJT UEJÌP 4 <CRQPKGTV HCUV UGJT UEJÌP

4006

4005

4GKEJUVCNGT &TGUFGP &CX 5EJPGG <CRQPKGTV UGJT UEJÌPpXQT\ÒINKEJ 4GKEJUVCNGT &TGUFGP &CX 5EJPGG 5GJT UEJÌP &QRRGNVG 4GKEJUVCNGTMNKRRG &TGUFGP CWH FKG 8GTO·JNWPI UGKPGT 6QEJVGT /CTKC 'NKUCDGVJ OKV (TKGFTKEJ 8++ XQP *QNUVGKP )QVVQTR I &CX 5EJPGG 44 (GKP \CRQPKGTV UGJT UEJÌP 413

4007

4009

4008

4GKEJUVCNGT &TGUFGP CWH FKG ,CJTHGKGT FGT ªDGTICDG FGT #WIUDWTIGT -QPHGUUKQP &CX #

HCNUEJG #DD 5NI 9JKVKPI XCT 5EJPGG XCT (GKP \CRQPKGTV UGJT UEJÌP

4GKEJUVCNGT &TGUFGP &CX 5EJPGG 4GKEJUVCNGT &TGUFGP &CX 5EJPGG

8QT\ÒINKEJp5VGORGNINCP\ (CUV 5VGORGNINCP\

4011 (Halbtaler) 4010

4010

4GKEJUVCNGT &TGUFGP &CX 5EJPGG

,QJCPP )GQTI ++ 4GKEJUVCNGT &TGUFGP &KEMCDUEJNCI XQP FGP 5VGORGNP FGU 4GKEJUVCNGTU I -QJN 44 -N 4CPFHGJNGT UGJT UEJÌP

5GJT UEJÌP

4012

414

4GKEJUVCNGTMNKRRG &TGUFGP CWH FKG 8GTO·JNWPI UGKPGT 6QEJVGT 'TFOWVJG 5QRJKG OKV /CTMITCH %JTKUVKCP 'TPUV XQP $TCPFGPDWTI $C[TGWVJ I <GKNGP 5EJTKHV WOJGT XKGT MNGKPG 9CRRGP UEJKNFG 1DGNKUM OKV 9CRRGPUEJKNFGP \YKUEJGP \YGK 5·WNGP WOJGT XKGT YGKVGTG MNGKPG 9CRRGPUEJKNFG &CX 5EJPGG 2TCEJVXQNNG 2CVKPC XQT\ÒINKEJGU 'ZGORNCT

4014

4013

4GKEJUVCNGT &TGUFGP 'TDN·PFKUEJGT 6CNGT &CX 5EJPGG 5GJT UEJÌP 9GEJUGNVCNGT &TGUFGP /KV 9GTVDG\GKEJPWPI &CX 5EJPGG (GKP \CRQPKGTV UGJT UEJÌP

4015

4016

6CNGT &TGUFGP -QJN 6CNGT &TGUFGP &CX -QJN

8QT\ÒINKEJp5VGORGNINCP\ 5GJT UEJÌP

4018

4017

6CNGTMNKRRG PCEJ \KPPCKUEJGO (W &TGUFGP CWH FCU 5EJKGGP \WT (GKGT FGU (TKGFGPU XQP 0KLOG IGP &CX 2CZ KP 0WOOKU 5EJPGG (GNFGT IGIN·VVGV MN 5EJTÌVNKPIUTK UGJT UEJÌP

6CNGT &TGUFGP &CX -QJN

/KP (WPFDGNCI KO 4CPFDGTGKEJ XQT\ÒINKEJ

4019

,QJCPP )GQTI +++ 5KNDGTOGFCKNNG Q , XQP , -KVVGN CWH FKG *WNFKIWPI XQP &TGU FGP )GJCTPKUEJVGU $TWUVDKNF T \YKUEJGP +1* )' +++ '. 5#: #PUKEJV FGT 5VCFV &TGUFGP OO I ( W 5 FQTV ,CJTGU\CJN 5NI /GTUGD 44 (CUV XQT\ÒINKEJ

415

4020

4021

6CNGT &TGUFGP &CX -QJN 6CNGT &TGUFGP &CX -QJN

4022

9KP\ 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ /KP LWUVKGTV XQT\ÒINKEJ

4024

4023

6CNGT PCEJ .GKR\KIGT (W &TGUFGP CWH UGKPGP 6QF &CX 5EJPGG (GKPG 2CVKPC MN -TCV\GT KO (GNF FGT 8QTFGTUGKVG UGJT UEJÌP

4GKEJUVCNGT &TGUFGP CWH UGKPGP 6QF &CX 5EJPGG (GKP \CRQPKGTV MN MTGKUTWPFG 5COONGTRWP\G CWH 8QTFGTp WPF 4ÒEMUGKVG UGJT UEJÌP

,QJCPP )GQTI +8 6CNGT &TGUFGP &CX -QJN 9KP\ 5EJTÌVNKPIUHGJNGT CO 4CPF XQT\ÒINKEJp5VGORGNINCP\

4025

416

6CNGTMNKRRG PCEJ .GKR\KIGT (W &TGUFGP CWH FGP 'ORHCPI FGU *QUGPDCPFQTFGPU &CX 5EJPGG <CRQPKGTV (GNFGT NGKEJV IGIN·VVGV UGJT UEJÌP

4027

4026

6CNGT &TGUFGP &CX -QJN 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT /KP LWUVKGTV 5VGORGNINCP\

6CNGT &TGUFGP &CX -QJN 5GNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT .GKEJV LWUVKGTV HCUV 5VGORGNINCP\

4028

4029

6CNGT &TGUFGP &CX -QJN

(TKGFTKEJ #WIWUV + #WIWUV FGT 5VCTMG 6CNGT &TGUFGP &CX -QJN 5GNVGP KP FKGUGT 'TJCNVWPI 8QT\ÒINKEJp5VGORGNINCP\

/KP LWUVKGTV XQT\ÒINKEJ

6CNGT &TGUFGP &CX -QJN 6CNGT &TGUFGP &CX -QJN

4031

4030

/KP LWUVKGTV XQT\ÒINKEJp5VGORGNINCP\ 9KP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

4032

4033

6CNGT .GKR\KI &CX -QJN WGTUV UGNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT 5VGORGNINCP\

6CNGTMNKRRG PCEJ .GKR\KIGT (W &TGUFGP CWH FCU $ÒEJUGPUEJKGGP DGKO -CTPGXCN &CX 5EJPGG <CRQPKGTV MN *GPMGNURWT UGJT UEJÌP

417

4034

6CNGT &TGUFGP -QJN

4 (GKPG 2CVKPC YKP\ 5EJTÌVNKPIUHGJNGT CO 4CPF UGJT UEJÌP

4035

$TQP\GOGFCKNNG Q , XQP * 2 )TQMWTV CWH FKG 9KGFGTGTNCPIWPI FGU RQNPKUEJGP 6JTQPGU PCEJ FGT 5EJNCEJV XQP 2QNVCXC $ÒUVG T *GTMWNGU KO .ÌYGPHGNN WPF OKV -GWNG M·ORHV OKV FGT XKGTMÌRHKIGP *[FTC OO * %\ FQTV KP 5KNDGT 5NI /GTUGD (CUV 5VGORGNINCP\

4036

4038

4037

4GKEJUVCNGT &TGUFGP CWH FCU 8KMCTKCV &CX 5EJPGG (GKP \CRQPKGTV YKP\ 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

4GKEJUVCNGT &TGUFGP CWH FCU 8KMCTKCV &CX 5EJPGG 4GKEJUVCNGT &TGUFGP CWH FCU 8KMCTKCV -QJN

418

*ÒDUEJG 2CVKPC XQT\ÒINKEJ 8QT\ÒINKEJ

4039

4040

4041

4GKEJUVCNGT &TGUFGP CWH FGP 6QF UGKPGT /WVVGT #PPC 5QRJKC XQP &·PGOCTM &CX 5EJPGG 4 (GKP \CRQPKGTV UGJT UEJÌPpXQT\ÒINKEJ

4GKEJUVCNGT &TGUFGP &CX 5EJPGG

4GKEJUVCNGT &TGUFGP CWH FKG 8GTO·JNWPI UGKPGU 5QJPGU -WTRTKP\ #WIWUV OKV 'T\JGT\QIKP /CTKC ,QUGRJC XQP ¤UVGTTGKEJ &CX 5EJPGG (GKP \CRQPKGTV UGJT UEJÌPpXQT\ÒINKEJ

(GKP \CRQPKGTV UGJT UEJÌP

4042

4043

4GKEJUVCNGT &TGUFGP &CX 5EJPGG

5GJT UEJÌP

4GKEJUVCNGTMNKRRG &TGUFGP CWH FCU 5EJKGGP \W 'JTGP XQP -ÌPKI (TKGFTKEJ 9KNJGNO XQP 2TGWGP &CX 5EJPGG 44 (GKP \CRQPKGTV YKP\ 4CPFHGJNGT HCUV XQT\ÒINKEJ

419

4045

4044

4046

(TKGFTKEJ #WIWUV ++ 4GKEJUVCNGT &TGUFGP CWH FCU 8KMCTKCV I )GJCTPKUEJVGU $TWUVDKNF T &QRRGNCFNGT OKV -QRHUEJGKPGP CWH FGT $TWUV IGMTÌPVGU XKGTHGNFKIGU 9CRRGP OKV IG MTÌPVGO /KVVGNUEJKNF &CX 5EJPGG 44 *GTTNKEJG 2CVKPC XQT\ÒINKEJ

4GKEJUVCNGT &TGUFGP CWH FCU 8KMCTKCV &CX 5EJPGG (GKP \CRQPKGTV UGJT UEJÌPpXQT\ÒINKEJ

4GKEJUVCNGT &TGUFGP &CX 5EJPGG 4 *ÒDUEJG 2CVKPC MN 2T·IGUEJY·EJG HCUV XQT\ÒINKEJ

4047

4048

4049

4GKEJUVCNGT &TGUFGP &CX 5EJPGG (GKP \CRQPKGTV YKP\ 5EJTÌVNKPIUHGJNGT CO 4CPF XQT\ÒINKEJ

(TKGFTKEJ %JTKUVKCP -QPX 6CNGT .GKR\KI &CX $ 5EJPGG 5GNVGP KP FKGUGT 'TJCNVWPI 8QT\ÒINKEJ

-QPX 6CNGT .GKR\KI &CX $ 5EJPGG

420

(GKP \CRQPKGTV HCUV XQT\ÒINKEJ

4050

4052

-QPX 6CNGT &TGUFGP &CX % 5EJPGG

:CXGT 5KNDGTOGFCKNNG XQP , . 1GZNGKP CWH 5CEJUGPU 9QJNUVCPF &TGK )TC\KGP JCNVGP /GFCKNNQPU OKV FGP 2QTVT·VU XQP :CXGT UGKPGT )GOCJNKP WPF (TKGFTKEJ #WIWUV 5VGJGPFG 5CZQ PKC OKV (ÒNNJQTP WPF /GTMWTUVCD KP DNÒJGPFGT .CPFUEJCHV OO I &C\W (TKGFTKEJ #WIWUV +++ + 5KNDGTOGFCKNNG XQP % % 2TKDWU CWH FKG *WNFKIWPI KP &TGUFGP )GJCTPKUEJVGU $TWUVDKNF T *[IKGKC KP 6GORGN OO I 5NI $TGVVCWGT 5NI /GTUGD 5VÒEM 5GJT UEJÌPpXQT\ÒINKEJ -QPX 6CNGT &TGUFGP &CX 5EJPGG (GKPG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

5GJT UEJÌP

4053

4054

-QPX 6CNGT &TGUFGP &CX 5EJPGG -QPX 6CNGT &TGUFGP &CX 5EJPGG

4055

8QT\ÒINKEJGU 2TCEJVGZGORNCT (GKPG 2CVKPC UGJT UEJÌP

4058

4059

(TKGFTKEJ #WIWUV +++ + -QPX 6CNGT &TGUFGP &CX 5EJPGG (CUV XQT\ÒINKEJ XQT\ÒINKEJ

-QPX 6CNGT &TGUFGP &CX 5EJPGG 5GJT UEJÌP -QPX 6CNGT &TGUFGP &CX 5EJPGG 5VÒEM 5GJT UEJÌPpXQT\ÒINKEJ -QPX 6CNGT &TGUFGP &CX 5EJPGG /KP (WPFDGNCI CO 4CPF XQT\ÒINKEJp5VGORGNINCP\

-QPX 6CNGT &TGUFGP #WUDGWVG FGT U·EJUKUEJGP )TWDGP &CX /ÒUGNGT 5EJPGG (GKP \CRQPKGTV UGJT UEJÌP UGJT UEJÌPpXQT\ÒINKEJ

421

4061

4060

4062

-QPX 6CNGT &TGUFGP &CX 5EJPGG

9KP\ 5EJTÌVNKPIUHGJNGT CO 4CPF XQT\ÒINKEJ

&QRRGNVGT -QPX 6CNGT &TGUFGP <WT $GNQJPWPI FGU (NGKGU I $ÒUVG T 'KEJGPMTCP\ J·PIV ÒDGT FGP 'ODNGOGP FGT -ÒPUVG FGT .CPFYKTVUEJCHV WPF FGU *CPFGNU &CX 5EJPGG 8QP ITÌVGT 5GNVGPJGKV 2TCEJVGZGORNCT (GKP \CRQPKGTV 5VGORGNHGJNGT CO 4CPF XQT\ÒINKEJp5VGORGNINCP\

8QP FKGUGO ·WGTUV UGNVGPGP &QRRGNVCNGT YWTFGP PWT 'ZGORNCTG IGRT·IV

-QPX 6CNGT &TGUFGP I <WT $GNQJPWPI FGU (NGKGU $ÒUVG T 'KEJGPMTCP\ J·PIV ÒDGT FGP 'ODNGOGP FGT -ÒPUVG FGT .CPFYKTVUEJCHV WPF FGU *CPFGNU &CX 5EJPGG 8QP ITQGT 5GNVGPJGKV 2TCEJVGZGORNCT (GKP \CRQPKGTV HCUV 5VGORGNINCP\

4063

4064

4065

-QPX 6CNGT &TGUFGP #WUDGWVG FGT U·EJUKUEJGP )TWDGP &CX /ÒUGNGT 5EJPGG (GKP \CRQPKGTV UGJT UEJÌPpXQT\ÒINKEJ

-QPX 6CNGT &TGUFGP CWH FCU 8KMCTKCV &CX 5EJPGG

(GKP \CRQPKGTV XQT\ÒINKEJ

-QPX 6CNGT &TGUFGP CWH FCU 8KMCTKCV &CX 5EJPGG 2TCEJVGZGORNCT (GKP \CRQPKGTV HCUV XQT\ÒINKEJ

422

4066

4067

-QPX 6CNGT +'% &TGUFGP CWH FCU 8KMCTKCV $WEM 2TCEJVGZGORNCT (GKPG 2CVKPC HCUV 5VGORGNINCP\

-QPX 6CNGT &TGUFGP &CX 5EJPGG -QPX 6CNGT &TGUFGP &CX 5EJPGG

4070

4069

(GKP \CRQPKGTV XQT\ÒINKEJp5VGORGNINCP\ (GKPG 2CVKPC XQT\ÒINKEJ

4071

5KNDGTOGFCKNNG XQP % , -TÒIGT CWH FKG ,CJTHGKGT FGT 7PKXGTUKV·V 9KVVGPDGTI <GKNGP 5EJTKHV $TWUVDKNF (TKGFTKEJU +++ T OO I .CXGTTGP\ 5NI /GTUGD 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

8QP FKGUGT /GFCKNNG YWTFGP 'ZGORNCTG KP )QNF WPF KP 5KNDGT IGRT·IV &KG DGKFGP )QNFRT·IWPIGP DGUVKOOVG FGT -WTHÒTUV HÒT UKEJ WPF UGKPG )GOCJNKP FKG UKNDGTPGP /GFCKNNGP YWTFGP DGK FGT (GKGT CP CPYGUGPFG 2TQHGUUQTGP WPF )·UVG XGTVGKNV

-QPX 6CNGT +'% &CX -CJPV 6JWP 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC HCUV 5VGORGNINCP\

5#%*5'0 -¤0+)4'+%*

(TKGFTKEJ #WIWUV + 5KNDGTOGFCKNNG XQP $ #PFTKGW WPF & 8 &GPQP CWH UGKPGP $GUWEJ KP FGT 2CTKUGT /ÒP\G $ÒUVG T 5GEJU <GKNGP 5EJTKHV OO I 5NI ,WNKWU 5NI /GTUGD -N 4CPFHGJNGT XQT\ÒINKEJ

4072

5RGEKGUVCNGT QJPG /ÒP\\GKEJGP 2TQDGRT·IWPI I -QRH T 4GEJVGEMKIGU IGMTÌPVGU 9CR RGP \YKUEJGP \YGK IGMTGW\VGP 2CNO\YGKIGP 7PVGT FGO 9CRRGP FKG ,CJTGU\CJN QJPG /ÒP\OGKUVGT \GKEJGP #-5 &CX -CJPV , 8++ 6JWP 8QP ITQGT 5GNVGPJGKV 2TCEJVGZGORNCT (CUV 5VGORGNINCP\ 423

4073

4074

-QPX 6CNGT +)5 #-5 &CX -CJPV 6JWP (GKPG 2CVKPC NGKEJV LWUVKGTV XQT\ÒINKEJp5VGORGNINCP\

5KNDGTOGFCKNNG XQP & ( .QQU CWH UGKP L·JTKIGU 4GIKGTWPIULWDKN·WO IGYKFOGV XQO /CIKUVTCV FGT 5VCFV .GKR\KI )GPKGP VCP\GP WO GKPGP #NVCT FGT OKV -TQPG WPF \YGK (ÒNNJÌTPGTP IGUEJOÒEMV KUV )ÌVVKP OKV 9CCIG WPF (ÒNNJQTP NKGIV CWH GKPGO )TGKH FCTWPVGT QRHGTP \YGK -KPFGT CP GKPGO #NVCT OO I 5NI /GTUGD 5QOOGT # 2TCEJVGZGORNCT 9KP\ 4CPFHGJNGT HCUV 5VGORGNINCP\

4075

4076

-QPX 6CNGT )5 #WUDGWVG #-5 &CX # -CJPV 6JWP 4 (GKPG 2CVKPC YKP\ -TCV\GT XQT\ÒINKEJGU 'ZGORNCT

-QPX 6CNGT )5 #WUDGWVG #-5 &CX # -CJPV 6JWP 4 5GJT UEJÌPpXQT\ÒINKEJ

4077

424

4078

-QPX 6CNGT 5 CWH UGKPGP 6QF #WUDGWVG /KV 4CPFUEJTKHV 5')'0 &'5 $'4)$#75 #-5 &CX -CJPV 6JWP 4 0WT 'ZGORNCTG IGRT·IV 2TCEJVGZGORNCT (GKPG 2CVKPC HCUV 5VGORGNINCP\

#PVQP -QPX 6CNGT 5 #WUDGWVG #-5 &CX -CJPV 6JWP 5GJT UGNVGP DGUQPFGTU KP FKGUGT 'TJCNVWPI 9KP\ 4CPFHGJNGT XQT\ÒINKEJ

4079

4080

-QPX 6CNGT 5 8GTHCUUWPI #-5 &CX -CJPV 6JWP 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC HCUV 5VGORGNINCP\

(TKGFTKEJ #WIWUV ++ -QPX 6CNGT ) #-5 &CX # -CJPV 6JWP (GKPG 2CVKPC HCUV 5VGORGNINCP\

4082

4081

5KNDGTOGFCKNNG XQP - 4 -TÃ&#x2019;IGT CWH FKG +PFWUVTKGCWUUVGNNWPI KP .GKR\KI -QRH N (Ã&#x2019;PH <GKNGP 5EJTKHV KP 'KEJGPMTCP\ OO I 5NI /GTUGD FQTV KP $TQP\G 'VYCU DGTKGDGP HCUV XQT\Ã&#x2019;INKEJ

8GTGKPUFQRRGNVCNGT ( CWH UGKPGP 6QF #-5 &CX -CJPV 6JWP 5GJT CVVTCMVKXGU 'ZGORNCT OKV HGKPGT 2CVKPC XQT\Ã&#x2019;INKEJp5VGORGNINCP\

4084 4083

4083

8GTGKPUFQRRGNVCNGT ( CWH UGKPGP 6QF #-5 &CX -CJPV 6JWP

,QJCPP 8GTGKPUVCNGT $ #-5 &CX -CJPV 6JWP

4085

(CUV XQT\Ã&#x2019;INKEJ

8QT\Ã&#x2019;INKEJ

4086

8GTGKPUVCNGT $ /KV 5VGORGNHGJNGT 8'44+056*#.'4 #-5 #PO &CX -CJPV #PO 6JWP #PO 5GNVGP DGUQPFGTU KP FKGUGT 'TJCNVWPI 8QT\Ã&#x2019;INKEJp5VGORGNINCP\

8GTGKPUVCNGT $ #-5 &CX -CJPV 6JWP 2TCEJVGZGORNCT XQP RQNKGTVGP 5VGORGNP (CUV 5VGORGNINCP\

425

4087

&QRRGNVGT 8GTGKPUVCNGT $ )QNFGPG *QEJ\GKV #-5 &CX -CJPV 6JWP 8QT\ÒINKEJp5VGORGNINCP\ $GK FKGUGO 5VÒEM JCPFGNV GU UKEJ WO FKG NGV\VG 6CNGTRT·IWPI KP &GWVUEJNCPF

4088

(TKGFTKEJ #WIWUV +++ 5KNDGTOGFCKNNG XQP $ '[GTOCPP CWH FKG ,CJTHGKGT FGT 8ÌNMGTUEJNCEJV DGK .GKR\KI IGYKFOGV XQP FGT .QIG $CNFWKP \WT .KPFG KP .GKR\KI -TGW\ FCTKP IG MTÌPVGU /QPQITCOO (9 FTGK 'KEJGP\YGKIG WPF FKG ,CJTGU\CJN WOJGT 5EJTKHV CO ·WGTGP 4CPF -TCP\ CWU .QTDGGT WPF 'KEJGP\YGKI IGDKNFGV <GKNGP 5EJTKHV OO I 44 *GTTNKEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

-QPX 6CNGT 5 6CNGT ( ( CWH UGKPGP 6QF WPF #WUDGWVG 8GTGKPUVCNGT $

#WUDGWVG $ 6JWP ( $ 6CNGT ( CWH UGKPGP 6QF #-5 &C\W 5CEJUGP #NVGPDWTI -W 2HGPPKI $ WPF 5CEJUGP %QDWTI )QVJC -W 2HGPPKI ( #-5 5VÒEM 5GJT UEJÌPpHCUV 5VGORGNINCP\

.16 5#%*5'0

4090

5 %*5+5%*' 56 &6'

426

#NVGPDWTI 5KNDGTOGFCKNNG Q , XQP , 8 &ÌNN WPF & .QQU CWH FGP $CW FGU .QIGPIGD·WFGU FGT .QIG #TEJKOGFGU \W FGP FTGK 4GKDTGVVGTP DGIQPPGP KO ,CJT #TEJKOGFGU UKV\V T WPF \GKEJPGV OKV GKPGO <KTMGN GKPGP -TGKU CWH FGO 4GKDTGVV WOJGT NKGIGP <GKEJGPIGT·VG CO $QFGP /KPGTXC \GKIV GKPGO <ÌINKPI FCU PGWG )GD·WFG OO I *<% 8QT\ÒINKEJ

&TGUFGP $TQP\GOGFCKNNG XQP 1 %QFFKV\ ! CWH FCU *QEJUEJWNVWTP WPF 5RQTVHGUV KP &TGUFGP 0CEMVGT #VJNGV X X OKV .QTDGGT\YGKI KP FGT 4GEJVGP 8GTUEJKGFGPG &CTUVGNNWPIGP CWU FGO CNNV·INK EJGP .GDGP OO )GDCWGT 4 8QT\ÒINKEJ

4092

4093

,GPC 5KNDGTOGFCKNNG XQP %JT 9GTOWVJ CWH FKG 4GMVQTCVUYCJN 9KNJGNO *GKPTKEJU CP FGT 7PK XGTUKV·V ,GPC $TWUVDKNF T KP *GTOGNKP WOJGT \YGK <GKNGP 5EJTKHV $GJGNOVG /KPGTXC UKV\V T OKV .CP\G WPF .QTDGGTMTCP\ FKG 4GEJVG CWH FGP U·EJUKUEJGP 5EJKNF IGNGJPV OO I .CXGTTGP\ 5NI /GTUGD 9QJNHCJTV *ÒDUEJG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

5KNDGTOGFCKNNG XQP ( ( *GNHTKEJV CWH FKG ,CJTHGKGT FGT 7PKXGTUKV·V ,GPC $TWUVDKNF FGU )TÒPFGTU ,QJCPP (TKGFTKEJU + T <YGK /GFCKNNQPU KP FGPGP UKEJ FKG &QRRGNRQTVT·VU XQP -CTN #NGZCP FGT XQP 5CEJUGP 9GKOCT $GTPJCTF XQP 5CEJUGP /GKPKPIGP 'TPUV XQP 5CEJUGP %QDWTI )QVJC WPF 'TPUV XQP 5CEJUGP #NVGPDWTI DGHKPFGP QDGP -TQPG WPVGP FGT U·EJUKUEJG 9CRRGPUEJKNF WOJGT .QT DGGT WPF 'KEJGP\YGKI OO I .CXGTTGP\ 5NI /GTUGD 4 #VVTCMVKXG 2CVKPC YKP\ 4CPFHGJNGT XQT\ÒINKEJ

4094

4096

4095

.GKR\KI 5KNDGTOGFCKNNG XQP # 8GUVPGT CWH FCU L·JTKIG ,WDKN·WO FGU 7PKXGTUKV·VUCDUEJNWUUGU FGU MWTHÒTUVNKEJ U·EJUKUEJGP -CDKPGVVOKPKUVGTU 'TPUV )TCH /CPVGWHHGN KP .GKR\KI $TWUVDKNF FGU /KPK UVGTU JCNDN KP )CNCVTCEJV OKV 1TFGPUDCPF WPF 5VGTP 5KGDGP <GKNGP 5EJTKHV KO #DUEJPKVV .+25+#' WPF TÌOKUEJG ,CJTGU\CJN OO I $GTPJGKOGT .CXGTTGP\ F 5NI /GTUGD FQTV KP <KPP 2CVKPC NGKEJV DGTKGDGP UGJT UEJÌPpXQT\ÒINKEJ

5KNDGTOGFCKNNG XQP % + -TÒIGT CWH FKG ,CJTHGKGT FGT 7PKXGTUKV·V .GKR\KI $TWUVDKNF FGU 5VKHVGTU FGT 7PKXGTUKV·V (TKGFTKEJ FGT 5VTGKVDCTG OKV -WTJWV T 0GWP <GKNGP 5EJTKHV OO I .CXGTTGP\ 5NI /GTUGD 4 2TCEJVGZGORNCT OKV JGTTNKEJGT 2CVKPC (CUV 5VGORGNINCP\

5#%*5'0 9'+55'0('.5 *'4<1)67/

#WIWUV 4GKEJUVCNGT *CNNG QFGT /CIFGDWTI CWH FKG )TWPFUVGKPNGIWPI FGT 5EJNQMKT EJG XQP 9GKUUGPHGNU &CX 5EJPGG (GKP \CRQPKGTV UGJT UEJÌP

427

4097

4098

4099

,QJCPP #FQNH ++ 5KNDGTOGFCKNNG XQP # 8GUVPGT CWH FKG *WNFKIWPI KP 9GKUUGPHGNU )GJCTPKUEJVGU $TWUVDKNF T 5VCFVCPUKEJV XQP 9GKUUGPHGNU FCTÒDGT 4GIGPDQIGP UVTCJNGPFG 5QPPG WPF CD \KGJGPFGU )GYKVVGT KO #DUEJPKVV XKGT <GKNGP 5EJTKHV OKV %JTQPQITCOO FGT ,CJTGU\CJN OO I $GTPJGKOGT 5NI /GTUGD FQTV KTTVÒONKEJ OKV ,CJTGU\CJN 4 8QT\ÒINKEJGU 2TCEJVGZGORNCT OKV CWUFTWEMUXQNNGT 2CVKPC

5#%*5'0 <'+6< *'4<1)67/

/QTKV\ 4GKEJUVCNGT CWH FGP $CW FGU 5EJNQUUGU /QTKV\DWTI KP <GKV\ &CX 5EJPGG 44 (GKP \CRQPKGTV UGJT UEJÌPpXQT\ÒINKEJ -WTUCEJUGP GTNKVV GTJGDNKEJG VGTTKVQTKCNG 8GTNWUVG CNU -WTHÒTUV ,QJCPP )GQTI + FWTEJ UGKP 6GUVCOGPV UGKPG LÒPIGTGP 5ÌJPG #WIWUV %JTKUVKCP WPF /QTKV\ OKV WOHCPITGKEJGP )GDKGVGP CWUUVCVVGVG WPF FGT ·NVGUVG 5QJP ,QJCPP )GQTI ++ FKGU KO *CWRVXGTINGKEJ \W &TGUFGP CO #RTKN CPGTMCPPVG 5Q GPVUVCPFGP FKG FTGK MWTU·EJUKUEJGP 0GDGPNKPKGP 5CEJUGP 9GKGPHGNU 5CEJUGP /GTUGDWTI WPF 5CEJUGP <GKV\ &CU *GT\QIVWO 5CEJUGP <GKV\ WOHCVG CWGT FGO XQTJGTKIGP 5VKHV 0CWODWTI <GKV\ FGP 8QIVN·PFKUEJGP WPF 0GWUV·FVGT -TGKU 6CWVGPDWTI WPF FGP CNDGTVKPKUEJGP #PVGKN CP *GPPGDGTI &GT GTUVG *GT\QI NKG FKG CWHYGPFKIG /QTKV\DWTI GTDCWGP YQTCWH FKG JKGT CPIGDQVGPG 2T·IWPI $G\WI PKOOV

5#%*5'0 %1$74) '+5'0#%* *'4<1)67/

,QJCPP %CUKOKT WPF ,QJCPP 'TPUV 4GKEJUVCNGT 5CCNHGNF )TCUUGT 5GJT UEJÌP

4100

4101

5#%*5'0 #.6'0$74) *'4<1)67/

,QJCPP 2JKNKRR (TKGFTKEJ ,QJCPP 9KNJGNO WPF (TKGFTKEJ 9KNJGNO ++ 4GKEJUVCNGT 5CCNHGNF &CX -GTPDCEJ 5EJPGG 5GJT UEJÌP

,QJCPP 2JKNKRR WPF (TKGFTKEJ 9KNJGNO ++ 4GKEJUVCNGT %QDWTI QFGT 5CCNHGNF CWH FGP 6QF FGU *GT\QIU ,QJCPP 2JKNKRR &CX -GTPDCEJ 5EJPGG 4 (GKP \CRQPKGTV MN 5EJTÌVNKPIUHGJNGT CO 4CPF UGJT UEJÌP

,QJCPP 2JKNKRR YWTFG KP #NVGPDWTI IGDQTGP 'T YCT UGKV UGKPGT 8QNNL·JTKIMGKV DKU \W UGKPGO 6QF TGIKGTGPFGT *GT\QI XQP 5CEJUGP #NVGPDWTI +O 1MVQDGT JGKTCVGVG GT 'NKUCDGVJ FKG 6QEJVGT FGU *GT\QIU *GKPTKEJ ,WNKWU XQP $TCWPUEJYGKI .ÒPGDWTI ,QJCPP 2JKNKRR YWTFG KP FGT $TÒFGTMKTEJG KP #NVGPDWTI DGKIGUGV\V 'T JKPVGTNKG MGKPG O·PPNKEJGP 'TDGP UGKPG GKP\KIG 6QEJVGT 'NKUCDGVJ 5QRJKC XGTO·JNVG UKEJ OKV *GT\QI 'TPUV + FGO (TQOOGP XQP 5CEJUGP )QVJC

428

4103

4102

(TKGFTKEJ 9KNJGNO +++ $TGKVGT 4GKEJUVCNGT 5CCNHGNF CWH UGKPGP 6QF &CX -GTPDCEJ 5EJPGG 44 (GKP \CRQPKGTV HCUV XQT\ÒINKEJ

,QUGH 8GTGKPUFQRRGNVCNGT #-5 &CX -CJPV 6JWP (GKP \CRQPKGTV YKP\ -TCV\GT XQT\ÒINKEJ

4104

4105

6CNGT #-5 ,

5GNVGP KP FKGUGT 'TJCNVWPI (GKPG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

5#%*5'0 9'+/#4 *'4<1)67/ #$ 5#%*5'0 9'+/#4 '+5'0#%*

,QJCPP 9KNJGNO 4GKEJUVCNGT 5CCNHGNF &CX 5EJPGG 5GNVGP KP FKGUGT 'TJCNVWPI *GTTNKEJG 2CVKPC OKP 5EJTÌVNKPIUHGJNGT CO 4CPF XQT\ÒINKEJp5VGORGNINCP\

4106

4107

(TKGFTKEJ 9KNJGNO WPF ,QJCPP 4GKEJUVCNGT 5CCNHGNF CWH FGP 6QF XQP (TKGFTKEJ 9KNJGNO &CX 5EJPGG 4 (GKP \CRQPKGTV NGKEJVG 2T·IGUEJY·EJG XQT\ÒINKEJ

4GKEJUVCNGT 5CCNHGNF CWH FGP 6QF XQP (TKGFTKEJ 9KNJGNO &CX 5EJPGG 4 5GJT UEJÌP

429

4108

4110

4109

,QJCPP 4GKEJUVCNGT 5CCNHGNF CWH UGKPGP 6QF &CX 5EJPGG 4 (GKP \CRQPKGTV UGJT UEJÌPpXQT\ÒINKEJ

,QJCPP 'TPUV WPF UGKPG HÒPH $TÒFGT 4GKEJUVCNGT 5CCNHGNF CWH FGP 6QF UGKPGU $TW FGTU (TKGFTKEJ KP FGT 5EJNCEJV DGK (NGWT[ &CX 5EJPGG <CRQPKGTV (GNFGT OKP IGIN·VVGV UGJT UEJÌP

4GKEJUVCNGT 9GKOCT CWH FGP 6QF XQP ,QJCPP 'TPUV I )GJCTPKUEJVGU $TWUVDKNF T OKV 5RKV\GPMTCIGP <GJP <GKNGP 5EJTKHV &CX 5EJPGG 44 2CVKPC UGJT UEJÌPGU 'ZGORNCT

4111

9KNJGNO 5KNDGTOGFCKNNG WPUKIPKGTV CWH FKG HGKGTNKEJG ªDGTHÒJTWPI FGT )GDGKPG UGKPGU $TWFGTU FGU KP 0GWGPDWTI IGUVQTDGPGP *GT\QIU $GTPJCTF CWU FGT RTQXKUQTKUEJGP 4WJG UV·VVG KO $TGKUCEJGT /ÒPUVGT PCEJ 9GKOCT *GT\QI $GTPJCTF MPKGV XQT %JTKUVWU FGT GKPG 5KGIGUHCJPG J·NV FCTÒDGT 'PIGN OKV -TQPG KO *KPVGTITWPF FKG 5VCFVCPUKEJV XQP $TGKUCEJ OKV #TOGG <GJP <GKNGP 5EJTKHV OO I &CFQTH 5NI /GTUGD 6GPV\GN 6H +++ 44 (CUV XQT\ÒINKEJGU 'ZGORNCT OKV HGKPGT 2CVKPC

4113

430

4112

4113

4GKEJUVCNGT 9GKOCT CWH FKG HGKGTNKEJG ªDGTHÒJTWPI FGT )GDGKPG UGKPGU $TWFGTU FGU KP 0GWGPDWTI IGUVQTDGPGP *GT\QIU $GTPJCTF CWU FGT RTQXKUQTKUEJGP 4WJGUV·VVG KO $TGKUCEJGT /ÒPUVGT PCEJ 9GKOCT 5NI /GTUGD 44 *GPMGNURWT MN &TWEMUVGNNG UGJT UEJÌPpXQT\ÒINKEJ

)TQUEJGP 9GKOCT CWH FKG HGKGTNKEJG ªDGTHÒJTWPI FGT )GDGKPG UGKPGU $TWFGTU FGU KP 0GW GPDWTI IGUVQTDGPGP *GT\QIU $GTPJCTF CWU FGT RTQXKUQTKUEJGP 4WJGUV·VVG KO $TGKUCEJGT /ÒPUVGT PCEJ 9GKOCT 5NI /GTUGD 8QT\ÒINKEJ

4114

4115

4GKEJUVCNGT 9GKOCT CWH UGKPGP 6QF 5NI /GTUGD -N *GPMGNURWT UGJT UEJÌPpXQT\ÒINKEJ

'TPUV #WIWUV %QPUVCPVKP DKU WPVGT 8QTOWPFUEJCHV (TKGFTKEJU +++ XQP )QVJC 4GKEJUVCNGT 'KUGPCEJ CWH UGKPGP 4GIKGTWPIUCPVTKVV /KV 4CPFUEJTKHV &CX 5EJPGG 44 (GKP \CRQPKGTV OKP LWUVKGTV XQT\ÒINKEJ

&KG ,CJTGU\CJN FGU XQTNKGIGPFGP 5VÒEMGU KUV KP FGT 4CPFUEJTKHV GPVJCNVGP

4116 4118

4118

#PPC #OCNKC 4GIGPVKP -QPX 6CNGT 'KUGPCEJ I $TWUVDKNF N )GMTÌPVGU 9CRRGP OKV .QTDGGT WPF 2CNO\YGKI DGUVGEMV &CX # 5EJPGG 5GNVGP DGUQPFGTU KP FKGUGT 'TJCNVWPI (GKPG 2CVKPC XQT\ÒINKEJGU 'ZGORNCT

-QPX 6CNGT 'KUGPCEJ &CX $ 5EJPGG

4 (CUUWPIUURWTGP UGJT UEJÌP

-QPX 6CNGT 'KUGPCEJ 5NI /GTUGD 5GNVGP KP FKGUGT 'TJCNVWPI 2TCEJVXQNNG 2CVKPC XQT\ÒINKEJ 5VGORGNINCP\

4119

4120

%CTN #WIWUV -QPX 6CNGT &GO 8CVGTNCPFG /KV XGT·PFGTVGT 4CPFRT·IWPI #-5 XCT &CX -CJPV XCT 6JWP XCT (GKP \CRQPKGTV YKP\ 4CPFHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

%CTN (TKGFTKEJ 6CNGT #-5 &CX -CJPV 6JWP 5GNVGP KP FKGUGT 'TJCNVWPI (GKPG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

6CNGT #-5 &CX -CJPV 6JWP

5GJT UEJÌP

431

4124

4122

4123

5#%*5'0 )16*# *'4<1)67/ #$ 5#%*5'0 )16*# #.6'0$74)

'TPUV FGT (TQOOG 4GKEJUVCNGT )QVJC CWH FKG 8GTO·JNWPI UGKPGU 5QJPGU (TKGFTKEJ + OKV /CIFCNGPC 5KD[NNC XQP 5CEJUGP 9GKGPHGNU &CX 5EJPGG 5VGIWYGKV (GKP \CRQPKGTV MN 5VGORGNHGJNGT CO 4CPF UGJT UEJÌPpXQT\ÒINKEJ

(TKGFTKEJ + CNNGKP 4GKEJUVCNGT )QVJC (COKNKGPVCNGT &CX 5EJPGG 5VGIWYGKV (GKP \CRQPKGTV UGJT UEJÌP

(TKGFTKEJ ++ 5KNDGTOGFCKNNG XQP ( -QEJ CWH UGKPGP )GDWVUVCI )GJCTPKUEJVGU $TWUVDKNF T $TGPPGPFGT 1RHGTCNVCT KP .CPFUEJCHV OO I 5NI /GTUGD FQTV KP <KPP 9KP\ 4CPFHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

4125 (1 1/4-fach)

HCEJGT 4GKEJUVCNGT CWH FKG ,CJTHGKGT FGT 4GHQTOCVKQP I )GJCTPKUEJVGU $TWUVDKNF T OKV WOIGNGIVGO /CPVGN 2CNOG KP .CPFUEJCHV KO *KPVGTITWPF 9QNMGP QDGP UVTCJNGPFG 5QPPG &CX #PO 5NI 9JKVKPI \W 5EJPGG 8QP ITQGT 5GNVGPJGKV 9KP\ *GPMGNURWT UGJT UEJÌP

4126

4127

4126

4GKEJUVCNGT )QVJC CWH FKG ,CJTHGKGT FGT 4GHQTOCVKQP &CX 5NI 9JKVKPI 5EJPGG 5VGIWYGKV #PO (GKP \CRQPKGTV YKP\ 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

4GKEJUVCNGT )QVJC CWH FKG ,CJTHGKGT FGT 4GHQTOCVKQP 5NI 9JKVKPI 5VGIWYGKV 4 /KP 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

432

4129

4128

4GKEJUVCNGT )QVJC CWH FKG 'TTKEJVWPI FGU &GPMOCNU KP FGT /CTICTGVJGPMKTEJG HÒT UGKPGP )TQQPMGN 'TPUV FGP (TQOOGP 5VGIWYGKV 5GJT UEJÌP

(TKGFTKEJ +++ 4GKEJUVCNGT 'KUGPCEJ CWH FKG ,CJTHGKGT FGU 4GNKIKQPUHTKGFGPU &CX 5NI 9JKVKPI 5EJPGG 4 (GKP \CRQPKGTV NGKEJV LWUVKGTV HCUV XQT\ÒINKEJ XQT\ÒINKEJ

4130

4131

)TQUEJGP )QVJC CWH FKG ,CJTHGKGT FGU 4GNKIKQPUHTKGFGPU 5NI 9JKVKPI 5VGIWYGKV (GKPG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

-QPX 6CNGT )QVJC &CX 5EJPGG 5VGIWYGKV

4132

4133

(GKP \CRQPKGTV XQT\ÒINKEJ

4134

-QPX 6CNGT )QVJC &CX 5EJPGG 5VGIWYGKV (GKP \CRQPKGTV YKP\ 4CPFHGJNGT XQT\ÒINKEJ

'TPUV ++ -QPX 6CNGT )QVJC I )GJCTPKUEJVGU $TWUVDKNF T OKV WOIGNGIVGO /CPVGN <YGK IGMTÌPVG .ÌYGP JCNVGP FCU HGNFKIG JGT\QINKEJG 9CRRGP FCTÒDGT (ÒTUVGPJWV &CX 5EJPGG 5VGIWYGKV 8QP ITQGT 5GNVGPJGKV (GKP \CRQPKGTV XQT\ÒINKEJp5VGORGNINCP\

-QPX 6CNGT )QVJC &CX 5EJPGG 5VGIWYGKV

(GKP \CRQPKGTV HCUV XQT\ÒINKEJ

433

4136

4135

-QPX 6CNGT )QVJC &CX 5EJPGG 5VGIWYGKV 9KP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌP -QPX 6CNGT )QVJC 5VGIWYGKV 5GJT UEJÌP

4138

4137

5#%*5'0 /'+0+0)'0 *'4<1)67/ 810 $+5 5#%*5'0 %1$74) /'+0+0)'0

$GTPJCTF 'TKEJ (TGWPF )WNFGP #-5 , 5GNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT OKV JGTTNKEJGT 2CVKPC 5VGORGNINCP\

8GTGKPUFQRRGNVCNGT #-5 &CX -CJPV 6JWP (GKP \CRQPKGTV YKP\ 4CPFHGJNGT YKP\ &TWEMUVGNNG XQT\ÒINKEJp5VGORGNINCP\

4139

4140

4141

5#%*5'0 *+.&$74)*#75'0 *'4<1)67/

'TPUV (TKGFTKEJ -CTN -QPX 6CNGT *KNFDWTIJCWUGP &CX *QNNOCPP 5EJPGG (GKP \CRQPKGTV OKP LWUVKGTV XQT\ÒINKEJ

-QPX 6CNGT *KNFDWTIJCWUGP &CX *QNNOCPP 5EJPGG

,QUGH (TKGFTKEJ 8QTOWPF HÒT (TKGFTKEJ -QPX 6CNGT Q , *KNFDWTIJCWUGP &CX *QNNOCPP 5EJPGG 5GNVGP KP FKGUGT 'TJCNVWPI (GKP \CRQPKGTV OKP LWUVKGTV XQT\ÒINKEJ

434

2CVKPC UGJT UEJÌP

4143

4142

4144

5#%*5'0 5##.('.& *'4<1)67/ #$ 5#%*5'0 %1$74) 5##.('.&

,QJCPP 'TPUV 8+++ 4GKEJUVCNGT 5CCNHGNF #WUDGWVG FGT 5CCNHGNFGT )TWDGP &CX )TCUUGT /ÒUGNGT C 5EJPGG 44 (WPFGZGORNCT 4CPF WPF (GNFGT DGCTDGKVGV UGJT UEJÌP

¤UVNKEJ XQP 5CCNHGNF NKGIV FGT 4QVG $GTI FKG *CWRVUKNDGTMCOOGT 5CCNHGNFU UGKV FGO /KVVGNCNVGT #P UGKPGO (WG \YGK -KNQOGVGT ÌUVNKEJ XQP 5CCNHGNF NKGIV )QTPFQTH &KG *CWRVHWPFITWDG FQTV JKG #WH 5V #PPC

4GKEJUVCNGT 5CCNHGNF CWH UGKPGP 6QF &CX )TCUUGT 5EJPGG (GKPG 2CVKPC GVYCU DGTKGDGP UGJT UEJÌP

'TPUV + -QPX 6CNGT 8CTKCPVG OKV 4CPFUEJTKHV '+0 52'%+'5 6*#.'4 #-5 &CX -CJPV 6JWP 5GJT UEJÌP

4146

4145

5#%*5'0 '+5'0$'4) *'4<1)67/

%JTKUVKCP 4GKEJUVCNGT )QVJC CWH FGP 6QF UGKPGT )GOCJNKP %JTKUVKCPG XQP 5CEJUGP /GTUGDWTI I <GKNGP 5EJTKHV WOJGT GDGPHCNNU 5EJTKHV <YKUEJGP GKPGT $NWOGPXCUG WPF GKPGO 4·WEJGTIGH· UKV\V GKP -KPF CWH 6QVGPMQRH WPF DN·UV 5GKHGPDNCUGP FCTÒDGT 5RTWEJDCPF 1/0+# 8#0+6#5 FCU XQP \YGK #TOGP CWU 9QNMGP IGJCNVGP YKTF &CX 5EJPGG 4 #VVTCMVKXG 2CVKPC XQT\ÒINKEJGU 'ZGORNCT

6CNGT )QVJC I )GJCTPKUEJVGU $TWUVDKNF T 9CRRGP \YKUEJGP IGMTGW\VGP <YGKIGP FCTÒDGT -WTJWV 5EJYGTV WPF 2CNO\YGKI &CX 5NI /GTUGD 8QP ITÌVGT 5GNVGPJGKV -NGKPG 2T·IGUEJY·EJG UGJT UEJÌP 435

4148

4147

5#%*5'0 %1$74) 70& )16*# *'4<1)67/

'TPUV + -TQPGPVCNGT #-5 &CX -CJPV 6JWP 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

'TPUV ++ 6CNGT #-5 ,

(GKPG 2CVKPC XQT\ÒINKEJ

4149

4150

5#;0 5#;0 9+66)'056'+0 *1*'056'+0 )4#(5%*#(6

)WUVCX 6CNGT 'NNTKEJ &CX / , 8

'VYCU (WPFDGNCI UGJT UEJÌP

5%*#7/$74) .+22' 5%*#7/$74) .+22' )4#(5%*#(6 5'+6 (ª456'067/

)GQTI 9KNJGNO WPVGT 8QTOWPFUEJCHV FGU )TCHGP .WFYKI XQP 9CNNOQFGP )KODQTP -QPX 6CNGT #-5 &CX -CJPV 6JWP *ÒDUEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

4151

-QPX 6CNGT #-5 &CX -CJPV 6JWP )GQTI 9KNJGNO -QPX 6CNGT #-5 ,

4153

4152

/KP LWUVKGTV UGJT UEJÌP -N 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

4154

8GTGKPUVCNGT #-5 &CX -CJPV 6JWP 2TCEJVGZGORNCT 'TUVCDUEJNCI 5VGORGNINCP\

8GTGKPUVCNGT #-5 &CX -CJPV 6JWP

436

2TCEJVGZGORNCT 5VGORGNINCP\

4155

4156

4157

9KNJGNO -W 2HGPPKI # #-5 , 5GNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT 2QNKGTVG 2NCVVG

#FQNH )GQTI 8GTGKPUVCNGT #-5 &CX -CJPV 6JWP 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC HCUV 5VGORGNINCP\

8GTGKPUVCNGT #-5 &CX -CJPV 6JWP

8QT\ÒINKEJ

-N 2T·IGUEJY·EJG UGJT UEJÌP

4158

5%*.'5+'0 .+')0+6< $4+') *'4<1)67/

(TKGFTKEJ ++ *GFYKIUITQUEJGP Q , (TKGFGPUDWTI

4159 (dreifach)

, )'40&14( *'4<1)67/

)GQTI (TKGFTKEJ &TGKHCEJGT 4GKEJUVCNGT ,·IGTPFQTH I Û /1 Ù 01 Ù #4) Ù )'14 Û ( Û /#4 Û $4#0 Û < Û 5. Û &8% Û“ w )GJCTPKUEJVGU *ÒHVDKNF JCNDT OKV FGT 4GEJVGP FCU <GRVGT UEJWNVGTPF FKG .KPMG CO 5EJYGTVITKHH Ù 5+ Ù &'85 Ù 24101$+5 Ù 38+5 Ù %1064# Ù 015 º Ù + /ÒP\\GKEJGP #TO OKV 2HGKN )TGIQT WPF .GQPJCTF 'OKEJ /ÒP\OGKUVGT KP ,·IGTPFQTH $NWOGPMTGW\ KP FGP 9KPMGNP FKG 5EJKNFG 5EJNGUKGP <QNNGTP 2QOOGTP WPF $WTIITCHUEJCHV KP FGT /KVVG #FNGTUEJKNF &CX # FQTV OKV HCNUEJGT ,CJTGUCPICDG ( W 5 8QT\ÒINKEJGU 'ZGORNCT OKV UEJÌPGT 2CVKPC 'ZGORNCT FGT #WMVKQP #FQNRJ *GUU #) <ÒTKEJ 0T FQTV WPVGT $TCPFGPDWTI (TCPMGP <WUEJNCI 5(4 *GT\QI )GQTI (TKGFTKEJ FGT CWH FKGUGO JGTTNKEJGP FTGKHCEJGP 6CNGT KO &TGKXKGTVGNRTQHKN OKV GKPGO 5VTGKVMQNDGP \W UGJGP KUV IGJÌTVG \W FGP DGFGWVGPFUVGP 8GTVTGVGTP FGT RTQVGUVCPVKUEJGP 2CTVGK KO LÒNKEJ MNGXKUEJGP 'TDHQNIGUVTGKV FGT UKEJ CWEJ \W GKPGT MQPHGUUKQPGNNGP #WUGKPCPFGTUGV\WPI GPVYKEMGNVG &GT *GT\QI FGT DGK UGKPGT 8QNNL·JTKIMGKV KO ,CJT FKG 4GIKGTWPI KP #PUDCEJ WPF KP ,·IGTPFQTH ÒDGTPQOOGP JCVVG UQTIVG HÒT GKPG VKGHITGKHGPFG (KPCP\ WPF 8GT YCNVWPIUTGHQTO KP UGKPGP .·PFGTP \WO 6GKN PCEJ JGHVKIGP #WUGKPCPFGTUGV\WPIGP OKV FGP 5V·PFGP &KG XQTNKGIGPFG 2T·IWPI UVCOOV CWU FGO UEJNGUKUEJGP *GT\QIVWO ,·IGTPFQTH FCU FKG HT·PMKUEJGP *QJGP\QNNGTP KO ,CJT FGP (TGKJGTTGP XQP 5EJGNNGPDGTI CDIGMCWHV JCVVGP &GT GZVTGO UGNVGPG /GJTHCEJVCNGT \GKIV FGP QJPG O·PPNKEJG 0CEJ MQOOGP IGDNKGDGPGP *GT\QI FTGK ,CJTG XQT UGKPGO 6QF PCEJ FGO FKG HT·PMKUEJGP .CPFG KP FKG .KPKGP #PUDCEJ WPF $C[TGWVJ IGVGKNV YWTFGP

437

4162

4160

4161

5%*.'5+5%*' 56 &6'

#WUEJYKV\ -W *GNNGT Q , WO -QRKEMK 4

$TKGI 5KNDGTOGFCKNNG Q , ITCXKGTV WPUKIPKGTV XQP 9 -WNNTKEJ \WT 'TKPPGTWPI CP FKG 5KNDGT JQEJ\GKV FGU 2TKP\GP 9KNJGNO UGKV 9KNJGNO + WPF FGT 2TKP\GUUKP #WIWUVC XQP 5CEJUGP 9GKOCT 'KUGPCEJ KO ,CJTG /KV ITCXKGTVGT 9KFOWPI FGT .QIG (TKGFTKEJ \WT CWHIGJGPFGP 5QPPG KP $TKGI HÒT 4 9GEJOCPP WPF )CVVKP \WT 5KNDGTJQEJ\GKV $ÒUVGP 9KNJGNOU WPF FGUUGP )GOCJNKP #WIWUVC PGDGPGKPCPFGT T .CWDMTCP\ FCTKP <GKNGP ITCXKGTVG 5EJTKHV OO I *<% 5QOOGT - FQTV CPFGTG )TCXWT *ÒDUEJG 2CVKPC YKP\ -TCV\GT XQT\ÒINKEJ

4 2CVKPC UGJT UEJÌP

8GTINGKEJG 0T

)NQICW *GNNGT Q , EC (TKGFGPUDWTI

4 5GJT UEJÌPpXQT\ÒINKEJ

4164

4163

)ÌTNKV\ 5KNDGTOGFCKNNG 4 $QWFQWKP HÒT XGTFKGPUVXQNNG .GKUVWPIGP DGK FGT )GYGTDG WPF +PFWUVTKG #WUUVGNNWPI $GJGNOVGU XKGTHGNFKIGU 9CRRGP OKV /KVVGNUEJKNF \YKUEJGP GKPGT YGKDNKEJGP WPF GKPGT O·PPNKEJGP )GUVCNV *CWRVIGD·WFG \YKUEJGP .QTDGGT WPF 'KEJGP\YGKI OO I ( W 5 9KP\ 4CPFHGJNGT XQT\ÒINKEJ

5EJYGKFPKV\ -KRRGT -TGW\GT OKV 6KVGN (GTFKPCPFU ++ ( W 5 5NI -TCC\ 44 5GJT UEJÌP

4165 4166

6QUV *QJNRHGPPKI Q , I $WEJUVCDG 6 (TKGFGPUDWTI -QRKEMK 4 5GJT UEJÌPpXQT\ÒINKEJ

5KNDGTOGFCKNNG Q , WPUKIPKGTV XGTOWVNKEJ XQP , $WEJJGKO 4GNKIKÌUG /GFCKNNG CWH FKG 5GJPUWEJV FGT 2TQVGUVCPVGP PCEJ 4GNKIKQPUHTGKJGKV &KG RGTUQPKHK\KGTVG *QHHPWPI OKV 2CNO\YGKI WPF #PMGT UKV\V CWH 5EJPGEMG &KG 2GTUQPKHKMCVKQPGP XQP 6WIGPF )GTGEJVKIMGKV WPF (TÌOOKIMGKV OKV KJTGP #VVTKDWVGP OO I ( W 5 )CGF C 5NI )QRRGN (CUV XQT\ÒINKEJ

/'&#+..'0

438

4167

5%*.'59+) *1.56'+0 -¤0+).+%* & 0+5%*'4 #06'+.

%JTKUVKCP 8++ 5RGEKGUVCNGT 5EJKNNKPI #NVQPC 2TQDGRT·IWPI I -QRH T OKV \WUCOOGPIGDWPFGPGP *CCTGP FCTWPVGT 5VGORGNUEJPGKFGT\GKEJGP / /CZGP 5VGORGNUEJPGKFGT KP #NVQPC )GMTÌPVGU QXCNGU 9CRRGP \YKUEJGP 52 FCTWPVGT ,CJTGU\CJN WPF /ÒP\OGK UVGT\GKEJGP /( /KEJCGN (NQT /ÒP\OGKUVGT KP #NVQPC 4CPF INCVV &CX XIN *GFG ( .CPIG 8QP ITÌVGT 5GNVGPJGKV 8QP RQNKGTVGP 5VGORGNP 9KP\ 5EJTÌVNKPIUHGJNGT YKP\ 4CPFHGJNGT HCUV 5VGORGNINCP\

4168

4169

4170

5RGEKGUVCNGT 5EJKNNKPI #NVQPC #-5 &CX *GFG # .CPIG 5GJT UEJÌPpXQT\ÒINKEJ

%JTKUVKCP #NDTGEJV 5KNDGTOGFCKNNG Q , XQP , ) $TGWGT $TWUVDKNF T KP TGKEJ XGT\KGTVGO *CTPKUEJ OKV #NNQPIGRGTÒEMG &GT OKV 5EJKNF WPF 5EJYGTV DGYCHHPGVG *GT\QI GTUVGKIV GKPGP OKV &QTPGP DGYCEJUGPGP (GNUGP FGT DKU KP FKG 9QNMGP TGKEJV WPF ÒDGT FGO GKPG -TQPG UEJYGDV OO I .CPIG *QJGU 4GNKGH (GNFGT CNVIGIN·VVGV UGJT UEJÌP

*1.56'+0 )166142 *'4<1)67/

*1.56'+0 5%*#7'0$74) )4#(5%*#(6

,WUVWU *GTOCPP 4GKEJUVCNGT 5EJKNNKPI Q , #NVQPC OKV 6KVGN (GTFKPCPFU ++ &TGKHCEJ DGJGNOVGU XKGTHGNFKIGU 9CRRGP OKV /KVVGNUEJKNF )GMTÌPVGT &QRRGNCFNGT OKV 4GKEJUCRHGN CWH FGT $TWUV FCTKP 9GTV\CJN < &CX $ XCT .CPIG 9GKPO XCT 4 -N 2T·IGUEJY·EJG MN 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

)TCH ,WUVWU *GTOCPP YWTFG CNU 5QJP FGU )TCHGP *GKPTKEJ CWH )GJOGP ·NVGUVGT 5QJP FGU )TCHGP ,WUVWU ++ WPF )TQPGHHG XQP )TCH 'TPUV +++ IGDQTGP 9·JTGPF UGKPGT 4GIKGTWPI NKVV UGKP .CPF UGJT WPVGT FGT 0QV FGU L·JTKIGP -TKGIGU 'T UGNDUV YCT QHV CWGT .CPFGU 5GKP 8CVGT *GKPTKEJ JCVVG FKG *GTTUEJCHV KP $GTIGP KP 0QTFJQNNCPF JKP\WGT YQTDGP &GUJCND PCPPVGP UKEJ FKG )TCHGP XQP *QNUVGKP 5EJCWGPDWTI WPF 5VGTPDGTI *GTT \W )GJOGP WPF $GTIGP

439

4172

4171

5%*9 $+5%* *#..

56#&6

-QPX 6CNGT 0ÒTPDGTI OKV 6KVGN ,QUGHU ++ &CX 4CHH C (GKP \CRQPKGTV YKP\ -TCV\GT XQT\ÒINKEJp5VGORGNINCP\

-QPX 6CNGT 0ÒTPDGTI OKV 6KVGN ,QUGHU ++ WPF 4CPFUEJTKHV &CX 4CHH 5GJT UEJÌPpXQT\ÒINKEJ

4173

4174

5%*9#4<$74) 5%*9#4<$74) 510&'45*#75'0 )4#(5%*#(6 5'+6 (ª456'067/

)ÒPVJGT :.++ #PVQP *GKPTKEJ ,QJCPP )ÒPVJGT ++ WPF %JTKUVKCP )ÒPVJGT + -TGW\GT #TPUVCFV <YKVVGTR·IWPI OKV ,CJTGU\CJN CWH 8QTFGT WPF 4ÒEMUGKVG $GVJG (KUEJGT 8QP ITQGT 5GNVGPJGKV 5GJT UEJÌPpXQT\ÒINKEJ

%JTKUVKCP )ÒPVJGT +++ -QPX 6CNGT 5QPFGTUJCWUGP I )GJCTPKUEJVGU $TWUV DKNF T OKV FGO WOIGNGIVGP $CPF FGU RH·N\KUEJGP *WDGTVWUQTFGPU WPF *GTOGNKP )GMTÌPVGU 9CRRGP KP 4QMQMQXGT\KGTWPI WPVGP FCU /ÒP\OGKUVGT\GKEJGP * % # 5 *GKPTKEJ %JTKUVKCP #PFTGCU 5KGIGN /ÒP\ OGKUVGT KP 5QPFGTUJCWUGP &CX (KUEJGT 44 (GKP \CRQPKGTV MN 5VGORGNHGJNGT KO 4CPFDGTGKEJ XQT\ÒINKEJ

4176

4175

)ÒPVJGT (TKGFTKEJ %CTN ++ 8GTGKPUFQRRGNVCNGT #-5 &CX -CJPV 6JWP *ÒDUEJG 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

5%*9#4<$74) 47&1.56#&6 )4#(5%*#(6 5'+6 (ª456'067/ 440

%CTN )ÒPVJGT .WFYKI )ÒPVJGT + WPF #NDGTV )ÒPVJGT -KRRGT -TGW\GT -ÌPKI UGG $GVJG HH XCT (KUEJGT 5NI -TCC\ 4 5GJT UEJÌP

4178

4177

4179

,QJCPP (TKGFTKEJ -QPX 6CNGT 5CCNHGNF &CX (KUEJGT D 5GNVGP DGUQPFGTU KP FKGUGT 'TJCNVWPI (GKP \CRQPKGTV XQT\ÒINKEJ

.WFYKI )ÒPVJGT ++ -QPX 6CNGT 5CCNHGNF CWH FKG \YGKVG 8GTO·JNWPI UGKPGU 5QJ PGU 'TDRTKP\ (TKGFTKEJ -CTN OKV #WIWUVG 6QEJVGT FGU *GT\QIU ,QJCPP #WIWUV XQP 5CEJUGP )QVJC &CX (KUEJGT (GKP \CRQPKGTV YKP\ 5EJTÌVNKPIUHGJNGT HCUV XQT\ÒINKEJ

-QPX 6CNGT 5CCNHGNF &CX (KUEJGT (GKP \CRQPKGTV YKP\ 5EJTÌVNKPIUHGJNGT HCUV XQT\ÒINKEJ

4180

4181

(TKGFTKEJ -CTN -QPX 6CNGT 5CCNHGNF &CX (KUEJGT (GKP \CRQPKGTV MN 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

-QPX 6CNGT 5CCNHGNF &CX (KUEJGT 2CVKPC YKP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

4182

4183

-QPX 6CNGT 5CCNHGNF (KUEJGT

2TCEJVGZGORNCT *GTTNKEJG 2CVKPC HCUV 5VGORGNINCP\

#NDGTV 8GTGKPUVCNGT #-5 &CX -CJPV 6JWP 8QT\ÒINKEJp5VGORGNINCP\ 5VGORGNINCP\

441

4185

4184

(ª456'067/

4184

5%*9#4<'0$'4)

#FCO (TCP\ 4GKEJUVCNGT ,CJTGU\CJN KO 5VGORGN CWU IG·PFGTV 9KGP #WU DGWVG &CX /ÒUGNGT 6CPPKEJ 44 (GKP \CRQPKGTV HCUV XQT\ÒINKEJ

56#&6

51'56

-W 2HGPPKI -TWU[ C

4186

44 5EJÌP

4187

4188

51./5 51./5 .#7$#%* )4#(5%*#(6

%JTKUVKCP #WIWUV -QPX 6CNGT 9GTVJGKO CWH FKG 8GTO·JNWPI UGKPGU 5QJPGU FGU 'TDITCHGP )GQTI #WIWUV 9KNJGNO OKV 'NKUCDGVJ %JCTNQVVG (GTFKPCPFG .WKUG 6QEJVGT FGU (ÒTUVGP (TKGF TKEJ 'TPUV XQP +UGPDWTI &CX ,QUGRJ 44 (GKP \CRQPKGTV YKP\ -TCV\GT XQT\ÒINKEJ

-QPX 6CNGT 9GTVJGKO CWH FKG 5CNKPG %JTKUVKCPUYGTM &CX ,QUGRJ /ÒUGNGT 4 (GKP \CRQPKGTV UGJT UEJÌPpXQT\ÒINKEJ

)TCH %JTKUVKCP #WIWUV PCPPVG FCU XQTNKGIGPFG 5VÒEM UGKPGP 5CN\VCNGT WPF UEJTKGD JKGT\W CO &G\GODGT CP FGP *QHTCV XQP /CFCK &KGUGU YGTEM FKG 5CNKPG JCDG GTUV CPPQ CPIGHCPIGP WPF YCT UQ INÒEMNKEJ KP \GKV XQP XKGT YQEJGP FKG SWGNNG \W HKPFGP FKGUGU YGTEM NKGIGV \W 6TC[ CP FGT *QTNQH KP FGO CODVG 7VRJG FC PWP UQ YQJN GKPKIG OGKPGT XGVVGTP WPF PCEJDCJTGP FKGUGU OKT OKUIÌPPGVGP WPF UQ XKGN UKG XGTOQIVGP JKPFGTPKG KP FGP YGIG \W NGIGP UWEJVGP UQ JCDG GU %JTKUVKCPUYGTEM IGPCPPV WPF FKG FCTCWH DGHKPFNKEJG WOUEJTKHV UGV\GP NCGP WO KP FKGUGT UCEJG OGKPG UVCPFJCHVKIMGKV FGT GKPOCN IGHCGVGP GPVUEJNKGWPI \W \GWIGP

442

-QPX 6CNGT 9GTVJGKO CWH )TCH 1VVQ FGP )TÒPFGT FGT .KPKG 5QNOU .CWDCEJ &CX ,QUGRJ (GKP \CRQPKGTV YKP\ &TWEMUVGNNG XQT\ÒINKEJ

4189

52';'4

$+567/

5GFKUXCMCP\ 5KNDGTOGFCKNNG XQP # 5EJ·HHGT )GMTÌPVG /CFQPPC OKV -KPF CWH /QPFUKEJGN JKPVGT KJT FCU UKNDGTPG -TGW\ QDGP KP GKPGT -CTVWUEJG FKG ,CJTGU\CJN WOJGT FKG 9CRRGP XQP UKGDGP &QOJGTTGP OKV 0COGP &CU OKV FGO (ÒTUVGPJWV DGFGEMVG XKGTHGNFKIG 9CRRGP 5RG[GT 9GKGPDWTI FCJKPVGT 5EJYGTV WPF -TWOOUVCD IGMTGW\V WOJGT FKG 9CRRGP FGT CEJV ÒDTKIGP &QOJGTTGP OO I 'JTGPF *CCU <GRGTPKEM 44 0WT 'ZGORNCTG IGRT·IV (GKPG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

4191

4190

#WIWUV XQP .KODWTI 5V[TWO -QPX 6CNGT /CPPJGKO CWH UGKPG +PVJTQPKUCVKQP &CX 'JTGPF *CCU 5GNVGP KP FKGUGT 'TJCNVWPI (GKPG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

561.$'4) 561.$'4) -¤0+)56'+0 )4#(5%*#(6

.WFYKI ++ 6CNGT #WIUDWTI OKV 6KVGN -CTNU 8 (QTUVGT (TKGFGTKEJ 44 'VYCU (WPFDGNCI UGJT UEJÌP

4192

4193

561.$'4) 561.$'4) )4#(5%*#(6

*GKPTKEJ ::++ WPF 9QNHICPI )GQTI 6CNGT )TQUEJGP 9GTPKIGTQFG (TKGFG TKEJ HH XCT 8QT\ÒINKEJ

9QNHICPI )GQTI CNNGKP 4GKEJUVCNGT 5VQNDGTI &CX (TKGFGTKEJ <CRQPKGTV UGJT UEJÌP

443

4195

4194

561.$'4) 561.$'4) 70& 561.$'4) 4155.# )4#(5%*#(6'0

%JTKUVQH (TKGFTKEJ WPF ,QUV %JTKUVKCP /CTKGPITQUEJGP 5VQNDGTI #WUDGWVG FGT 5VQNDGTIGT )TWDGP &CX (TKGFGTKEJ XCT /ÒUGNGT XCT 5GJT UEJÌPpXQT\ÒINKEJ

%JTKUVQH .WFYKI ++ WPF (TKGFTKEJ $QVJQ 6CNGT 5VQNDGTI #WUDGWVG FGT 5VQN DGTIGT )TWDGP (TKGFGTKEJ /ÒUGNGT C 5GJT UEJÌPpXQT\ÒINKEJ

4196

4197

6CNGT 5VQNDGTI #WUDGWVG FGT 5VQNDGTIGT )TWDGP (TKGFGTKEJ /ÒUGNGT 4 8QT\ÒINKEJ

6CNGT 5VQNDGTI #WUDGWVG FGT 5VQNDGTIGT )TWDGP &CX (TKGFGTKEJ /ÒUGNGT 5GJT UEJÌP

4199

4198

-CTN .WFYKI WPF *GKPTKEJ %JTKUVKCP (TKGFTKEJ 6CNGT 5VQNDGTI #WUDGWVG FGT 5VQNDGTIGT )TWDGP (TKGFGTKEJ /ÒUGNGT 5GJT UEJÌPpXQT\ÒINKEJ

6CNGT 5VQNDGTI #WUDGWVG FGT 5VQNDGTIGT )TWDGP (TKGFGTKEJ /ÒUGNGT *GTTNKEJG 2CVKPC XQT\ÒINKEJ

444

4201 1:1,5

4200 1:1,5

56766)#46

56#&6

'KPUGKVKIG TGEJVGEMKIG $TQP\GRNCMGVVG WPUKIPKGTV CWH FGP 6QF FGU )GPGTCNU #WIWUV XQP 4GKP JCTFV IGYKFOGV XQP FGT .QIG <W FGP <GFGTP KP 5VWVVICTV $TWUVDKNF 4GKPJCTFVU HCUV X X N <KTMGN WPF 9KPMGNOC FCTÒDGT FCU MQTTGMVG )GDWTVUFCVWO 1-6 T FCU 6QFGUFCVWO 1-6 WPVGP 5EJTKHVVCHGN FCTKP # X 4'+0*#4&6 Z OO (CUV 5VGORGNINCP\

'KPUGKVKIG TGEJVGEMKIG $TQP\GRNCMGVVG WPUKIPKGTV CWH FGP 6QF FGU )GPGTCNU #WIWUV XQP 4GKP JCTFV IGYKFOGV XQP FGT .QIG <W FGP <GFGTP KP 5VWVVICTV $TWUVDKNF 4GKPJCTFVU HCUV X X N <KTMGN WPF 9KPMGNOC FCTÒDGT FCU HCNUEJG )GDWTVUFCVWO 1-6 T FCU 6QFGUFCVWO 1-6 WPVGP 5EJTKHVVCHGN FCTKP # X 4'+0*#4&6 Z OO 4 (CUV 5VGORGNINCP\

4202

6*740 70& 6#:+5

(ª456'0

/CZKOKNKCP %CTN 5KNDGTOGFCKNNG XQP . *GNF CWH FCU L·JTKIG &KGPUVLWDKN·WO FGU (ÒTUVNKEJ 6JWTP WPF 6CZKU UEJGP 1DGTRQUVOGKUVGTU (TGKJGTT #NGZCPFGT XQP 8TKPVU $GTDGTKEJ -QRH FGU (TGKJGTTP T <GKNGP 5EJTKHV KP .CWDMTCP\ OO I , W ( 4 *GTTNKEJG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

1,5:1

4203

1,5:1

64+'4 -#41.+0)+5%*' /ª0<56 66'

2KRRKP FGT -WT\G &GPCT 6TKGT I 2GTNGPMTGW\ KP FGP 9KPMGNP D 0 2+ 2+

&QOKPWU PQUVGT 2KRKPWU WOJGT 2GTNMTGKU 2 64'('4 KP -TGKU WOJGT 2GTNMTGKU $QTFGCWZ .GU OQPPCKGU FG 6T½XGU RGPFCPV NC R¾TKQFG ECTQNKPIKGPPG 4GXWG DGNIG FG 0WOKUOCVKSWG 5 0T / ) 8ÌNEMGTU -CTQNKPKIUEJG /ÒP\HWPFG FGT (TÒJ\GKV 6CHGN / :+++ 8QP ITQGT 5GNVGPJGKV -N 4CPFCWUDTWEJ UGJT UEJÌPGU 'ZGORNCT 1D GU UKEJ DGK FGT XQTNKGIGPFGP 2T·IWPI VCVU·EJNKEJ WO GKPGP NGKEJVGP &GPCT QFGT WO GKPGP 1DQN JCPFGNV KUV PKEJV GKPFGWVKI \W DGWTVGKNGP $KUJGT YCTGP PCEJ WPUGTGT -GPPVPKU PWT \YGK 'ZGORNCTG FGU &QOKPWU PQUVGT 2KRKPWU 6[RU DGMCPPV FKG UKEJ DGKFG KO 6TKGTGT .CPFGUOWUGWO DGHKPFGP WPF YGIGP KJTGU )GYKEJVU CNU &GPCT I 'ZGORNCT &CPPGPDGTI 5 'ZGORNCT $QTFGCWZ 'ZGORNCT / ) 'ZGORNCT 8ÌNEMGTU D\Y CNU 1DQN I 'ZGORNCT (F XQP &QODWTI 'ZGORNCT 5NI $QICGTV 'ZGORNCT $QTFGCWZ 'ZGORNCT FGT #WMVKQP %CJP (TCPMHWTV 0T 'ZGORNCT / ) 'ZGORNCT 8ÌNEMGTU 6H / ++ DG\GKEJPGV YWTFGP 7PUGTG /ÒP\G KUV UQOKV XGTOWVNKEJ FCU FTKVVG DGMCPPVG WPF GKP\KIG KO /CTMV DGHKPFNKEJG 'ZGORNCT FKGUGT GZVTGO UGNVGPGP 2T·IWPI FKG GKP YKEJVKIGT JKUVQTKUEJGT $GNGI HÒT FKG ITQG $GFGWVWPI 6TKGTU KP FGT <GKV FGT HT·PMKUEJGP -ÌPKIG KUV

445

4204

'4<$+567/

,QJCPP 8++ XQO 5EJÌPGPDGTI &QRRGNVG 4GKEJUVCNGTMNKRRG -QDNGP\ #DUEJNCI XQP FGP 5VGORGNP FGU FQRRGNVGP 4GKEJUVCNGTU X 5EJT I Û +1#0 Û & Ù ) Û #425 Û 64'8'4'0 Û '.'% Ú &GT #RQUVGN 2GVTWU UVGJV HCUV X X KP FGT 4GEJVGP 5EJNÒUUGN WPVGT FGO NKPMGP #TO $WEJ /10'6 Û 018# Û Û #4) Û %10(.8 ' Û 0 8KGTHGNFKIGU 9CRRGP FCTÒDGT /KVTC FCJKPVGT -TWOOUVCD WPF 5EJYGTV IGMTGW\V \W FGP 5GKVGP &CX #PO X 5EJT -CDKPGVVUVÒEM XQP CNNGTITÌVGT 5GNVGPJGKV DGMCPPVGU 'ZGORNCT (GKPG 2CVKPC XQT\ÒINKEJ GTJCNVGP 'ZGORNCT FGT 5NI 4CKPGT #WMVKQP 1VVQ *GNDKPI /ÒPEJGP 0T

&GT /ÒP\JGTT FKGUGT RTCEJVXQNNGP WPF ·WGTUV UGNVGPGP 2T·IWPI FGUUGP (COKNKG XQP FGO YGUVNKEJ XQP $KPIGP IGNG IGPGP 1TV 5EJÌPGDGTI UVCOOVG YWTFG CO ,WNK XQO 6TKGTGT &QOMCRKVGN \WO 'T\DKUEJQH IGY·JNV #O ,CPWCT GTJKGNV ,QJCPP 8++ FKG R·RUVNKEJG $GUV·VKIWPI WPF CO #WIWUV GORHKPI GT FKG $KUEJQHUYGKJG &GT 'T\DKUEJQH YCT MT·PMNKEJ WPF \ÌIGTNKEJ WPF UGKPG 4GIKGTWPIU\GKV YCT YGPKI INÒEMNKEJ 5KG YCT \WFGO ÒDGT UEJCVVGV FWTEJ -TKGIG CP FGP )TGP\GP FGU 'T\UVKHVU FWTEJ OKNKV·TKUEJG &WTEJ\ÒIG FWTEJ /KGTPVGP FWTEJ 4·WDGT DCPFGP WPF FWTEJ FKG 2GUV 5EJNKOOG #WUOCG PCJO KP FGP ,CJTGP FKG *GZGPJ[UVGTKG DGUQPFGTU KP FGT 7OIGDWPI 6TKGTU CP YQ KP FKGUGT <GKV EC *GZGPXGTDTGPPWPIGP UVCVVHCPFGP 5GKV YWTFGP CWEJ 2TQVGUVCPVGP OKV DTWVCNGP /GVJQFGP XGTHQNIV &KG TGRT·UGPVCVKXG WPF GZVTGO UGNVGPG &QRRGNVCNGTMNKRRG FKG FGP #RQUVGN 2GVTWU \GKIV KUV GKP GKPFTWEMUXQNNGU JKUVQTKUEJGU &QMWOGPV GKPGT FGT DGFGWVGPFGP -KTEJGPHÒTUVGP \WT <GKV FGT )GIGPTGHQT OCVKQP

4205

4206

4207

5GFKUXCMCP\ 4GKEJUVCNGT &CX X 5EJT <GRGTPKEM 44 -N *GPMGNURWT (GNFGT NGKEJV IGIN·VVGV 5EJTÌVNKPIUHGJNGT UGJT UEJÌP

,QJCPP 2JKNKRR XQP 9CNFGTFQTHH -QPX 6CNGT -QDNGP\ &CX X 5EJT 4 (GKP \CRQPKGTV YKP\ -TCV\GT XQT\ÒINKEJp5VGORGNINCP\

%NGOGPU 9GP\GN XQP 5CEJUGP -QPX 6CNGT -QDNGP\ -QPVTKDWVKQP &CX X 5EJT D (GKP \CRQPKGTV XQT\ÒINKEJ

446

4208

4209

-QPX 6CNGT -QDNGP\ -QPVTKDWVKQP &CX X 5EJT C

5GJT UEJÌP

6CNGT 4GIKOGPVUJCNDVCNGT 0CW 44 /KP $GCTDGKVWPIUURWTGP CO 4CPF UGJT UEJÌPpXQT\ÒINKEJ

7./

56#&6

4210

9#.&'%- )4#(5%*#(6 5'+6 (ª456'067/

(TKGFTKEJ -QPX 6CNGT #-5 &CX -CJPV 6JWP *GTTNKEJG 2CVKPC HCUV XQT\ÒINKEJ

4211

4212

4214

)GQTI *GKPTKEJ 6CNGT #-5 , 6CNGT #-5 , 6CNGT #-5 , 8GTGKPUFQRRGNVCNGT #-5 &CX -CJPV 6JWP

8QT\ÒINKEJ 8QT\ÒINKEJ (CUV XQT\ÒINKEJ 2CVKPC UGJT UEJÌPpXQT\ÒINKEJ

)GQTI 8KEVQT 5KNDGTITQUEJGP # -W 2HGPPKI # &C\W 4GW LÒPIGTGT .KPKG *GKPTKEJ .:8++ -W 2HGPPKI # #-5 , # 5VÒEM 8QT\ÒINKEJp5VGORGNINCP\

447

4218

4216

4217

8GTGKPUFQRRGNVCNGT #-5 &CX -CJPV 6JWP 8GTGKPUFQRRGNVCNGT #-5 &CX -CJPV 6JWP

8QT\ÒINKEJp5VGORGNINCP\ -N 4CPFHGJNGT XQT\ÒINKEJ

8GTGKPUVCNGT #-5 &CX -CJPV 6JWP 2TCEJVGZGORNCT (GKPG 2CVKPC HCUV 5VGORGNINCP\

4219

4220

8GTGKPUVCNGT #-5 &CX -CJPV 6JWP

8QT\ÒINKEJ

*KGTQP[OWU 0CRQNGQP -QPX 6CNGT % #-5 &CX -CJPV 6JWP 5GJT UEJÌP

9'56(#.'0

-¤0+)4'+%*

4221

4223

4222

-W 2HGPPKI #-5 ,

4 5GJT UEJÌP

-QPX 6CNGT % #WUDGWVG #-5 &CX -CJPV 6JWP # 5GJT UGNVGP KP FKGUGT 'TJCNVWPI /KP LWUVKGTV HCUV 5VGORGNINCP\

-W 2TQDG FGU %GPVKOGU 5VÒEMGU % I #-5 ,

448

44 8QT\ÒINKEJ

4225 1:1,5

.QV -QPX 6CNGT % 6JWP 6CNGT % #-5 6CNGT $ #-5 NGKEJV XCT 5VÒEM (CUV UGJT UEJÌP

9GUVRJ·NKUEJG 4GKEJUUEJWNFGP #OQTVKUCVKQPU %CUUG <KPUMWRQP GKPGT 1DNKICVKQP XKGTVGNL·JTNKEJG <KPUGP ÒDGT (TCPEU %GPVKOGU \CJNDCT CO ,WPK 2KEM 4KZGP -GNNGT ++p+++

&KGUG -WRQPU UKPF CP UKEJ MGKP 2CRKGTIGNF YGTFGP LGFQEJ IGTP KP 5COONWPIGP CNVFGWVUEJGP 2CRKGTIGNFU CWHIGPQO OGP 'KPKIG CPFGTG #WUICDGP UKPF WPVGT 2KEM 4KZGP # # WPF -GNNGT C E \W HKPFGP

4226

4227

9+'& 9+'& 470-'. )4#(5%*#(6 5'+6 (ª456'067/

,QJCPP .WFYKI #FQNH -TGW\GT &KGTFQTH 5EJPGKFGT D

56#&6

44 5GJT UEJÌP

9+'5$#&'0

8GTUKNDGTVG $TQP\GOGFCKNNG XQP 9 $G[GPDCEJ CWH FKG 'KPYGKJWPI FGU PGWGP 6GORGNU FGT .QIG 2NCVQ \WT DGUV·PFKIGP 'KPKIMGKV 5·WNGPICPI QDGP $QIGP FCTWPVGT 3WCFTKIC OKV 9CIGPNGPMGT CWH 9QNMGP 0GWP <GKNGP 5EJTKHV WPF <KTMGN OO *<% 2TCEJVGZGORNCT (GKPG 2CVKPC 5VGORGNINCP\

4228

56#&6

914/5

5KNDGTOGFCKNNG WPUKIPKGTV CWH FKG )TWPFUVGKPNGIWPI FGU PGWGP -TCPMGP WPF 9CKUGPJCWUGU 5VCFVCPUKEJV XQP FGT 4JGKPUGKVG KO #DUEJPKVV 9CRRGP XQP \YGK IGHNÒIGNVGP .ÌYGP IGJCNVGP )GD·W FGCPUKEJV OO I ,QUGRJ 5NI $TGVVCWGT 44 (GKPG 2CVKPC MN 4CPFHGJNGT HCUV XQT\ÒINKEJ

449

4229

4230

4231

9ª466'/$'4) 9ª466'/$'4) *'4<1)67/ 5'+6 -¤0+)4'+%*

-CTN 'WIGP -QPX 6CNGT 5VWVVICTV &CX -NGKP 4CHH C

-QPX 6CNGT 5VWVVICTV &CX # -NGKP 4CHH 5GJT UGNVGP KP FKGUGT 'TJCNVWPI 2TCEJVGZGORNCT XQP HGKPUVGT 'TJCNVWPI .GKEJV LWUVKGTV 5VGORGNINCP\

(TKGFTKEJ 'WIGP -QPX 6CNGT 5VWVVICTV CWH FCU L·JTKIG $GUVGJGP FGU *GT\QIVWOU 9ÒTVVGODGTI &CX -NGKP 4CHH (GKP \CRQPKGTV OKP LWUVKGTV XQT\ÒINKEJ

4232

5GJT UEJÌP

4233

(TKGFTKEJ ++ + -TQPGPVCNGT -NGKPGT -QRH #-5 &CX -CJPV 6JWP 5GJT UEJÌP

-TQPGPVCNGT -NGKPGT -QRH #-5 &CX -CJPV 6JWP #VVTCMVKXG 2CVKPC UGJT UEJÌP

4234

4235

9KNJGNO + &QRRGNIWNFGP #-5 &CX -CJPV 6JWP 5GJT UEJÌP -TQPGPVCNGT #-5 &CX -CJPV 6JWP 9KP\ )TCHHKVK XQT\ÒINKEJ

-TQPGPVCNGT 8CTKCPVG OKV 9 WPVGT FGO -QRH 6JWP #PO &C\W )WNFGP #-5 , 5VÒEM 5GJT UEJÌP

450

4237

4238

)WNFGP L·JTKIGU 4GIKGTWPIULWDKN·WO #-5 , 2TCEJVGZGORNCT 9KP\ -TCV\GT 5VGORGNINCP\

)WNFGP #-5 ,

5GNVGPGT ,CJTICPI *ÒDUEJG 2CVKPC XQT\ÒINKEJ

4241

4239

4242

8GTGKPUFQRRGNVCNGT #-5 &CX -CJPV 6JWP #VVTCMVKXG 2CVKPC XQT\ÒINKEJp5VGORGNINCP\

.QV &QRRGNIWNFGP #-5 &CX -CJPV 6JWP &C\W -CTN 8GTGKPUVCNGT #-5 &CX -CJPV 6JWP 5VÒEM 5GJT UEJÌP Z WPF XQT\ÒINKEJ

-CTN &QRRGNVGT 8GTGKPUVCNGT 7NOGT /ÒPUVGT #-5 &CX -CJPV 6JWP 2TCEJVGZGORNCT 'TUVCDUEJNCI HCUV 5VGORGNINCP\

&QRRGNVGT 8GTGKPUVCNGT 7NOGT /ÒPUVGT #-5 &CX -CJPV 6JWP 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC HCUV 5VGORGNINCP\

4243

4244

)WNFGP #-5 ,

*ÒDUEJG 2CVKPC HCUV 5VGORGNINCP\

-CTN %JTKUVKCP 'TFOCPP 4GKEJUVCNGT RTGW $TGUNCW &CX 'DPGT ( W 5 (GKP \CRQPKGTV XQT\ÒINKEJ

9ª466'/$'4) 1'.5 *'4<1)67/

451

4245

$+567/

9ª4<$74)

7PVGT UEJYGFKUEJGT $GUCV\WPI )WUVCX ++ #FQNH XQP 5EJYGFGP 4GKEJUVCNGT #JNUVTÌO 44 5GJT UEJÌP

4246

4247

4248

(TCP\ XQP *CV\HGNF 4GKEJUVCNGT I )GMTÌPVGU WPF XKGTHCEJ DGJGNOVGU XKGTHGN FKIGU 9CRRGP OKV /KVVGNUEJKNF FCJKPVGT -TGW\ 5V -KNKCP OKV /KVTC 5EJYGTV WPF -TWOOUVCD UVGJV X X &CX *GNOUEJTQVV 44 (GKPG 2CVKPC YKP\ <CKPGPFG XQT\ÒINKEJ

,QJCPP 2JKNKRR XQP 5EJÌPDQTP 4GKEJUVCNGT &CX *GNOUEJTQVV 4 *ÒDUEJG 2CVKPC XQT\ÒINKEJGU 'ZGORNCT

,QJCPP )QVVHTKGF XQP )WVVGPDGTI 4GKEJUVCNGT 9ÒT\DWTI I $TWUVDKNF T OKV 6CNCT &TGKHCEJ DGJGNOVGU XKGTHGNFKIGU 9CRRGP &CX *GNOUEJTQVV 5GNVGP KP FKGUGT 'TJCNVWPI #VVTCMVKXG 2CVKPC XQT\ÒINKEJGU 'ZGORNCT

4249

452

,QJCPP 2JKNKRR XQP )TGKHHGPMNCW 8QNNTCVJU 4GKEJUVCNGT 9ÒT\DWTI &CX *GNOUEJTQVV ªDNKEJG 5VGORGNHGJNGT XQT\ÒINKEJGU 'ZGORNCT

4251

4250

4252

5GFKUXCMCP\ 5KNDGTOGFCKNNG XQP # 8GUVPGT +P GKPGT OKV \YGK 2CNO\YGKIGP DGUVGEMVGP OWUEJGNHÌTOKIGP -CTVWUEJG FCU IGMTÌPVG 5VKHVUYCRRGP QDGP KP -CTVWUEJG 5'&' 8#%#0 6' WOJGT FKG 9CRRGP XQP &QOJGTTGP 5V -KNKCP UVGJV HCUV X X OKV /KVTC 5EJYGTV WPF -TWOOUVCD WOJGT FKG 9CRRGP FGT ÒDTKIGP &QOJGTTGP OO I $GTPJGKOGT *GNOUEJTQVV <GRGTPKEM (GKPG 2CVKPC XQT\ÒINKEJ

5KNDGTOGFCKNNG WPUKIPKGTV XQP # 8GUVPGT +P GKPGT OKV \YGK 2CNO\YGKIGP DGUVGEMVGP OWUEJGN HÌTOKIGP -CTVWUEJG FCU IGMTÌPVG 5VKHVUYCRRGP QDGP KP -CTVWUEJG 5'&' 8#%#0 6' WOJGT FKG 9CRRGP XQP &QOJGTTGP 5V -KNKCP UVGJV HCUV X X OKV /KVTC 5EJYGTV WPF $KUEJQHUUVCD WOJGT FKG 9CRRGP FGT ÒDTKIGP &QOJGTTGP OO I $GTPJGKOGT *GNOUEJTQVV <GRGTPKEM (GKPG 2CVKPC HCUV XQT\ÒINKEJ

5GFKUXCMCP\ 5KNDGTOGFCKNNG XQP , . 1GZNGKP &TGK R[TCOKFGPHÌTOKI CPIGQTFPGVG 9CR RGPUEJKNFG FCTCWH -TQPG QDGP KP -CTVWUEJG 5'&' 8#%#06' WOJGT FKG 9CRRGP FGT \GJP ·NVGTGP &QOJGTTGP )GMTÌPVG /CFQPPC OKV -KPF WPF <GRVGT KP 5VTCJNGPMTCP\ CWH 9QNMGP N WPVGP MPKGV 5V -KNKCP OKV /KVTC $KUEJQHUUVCD WPF 5EJYGTV T WPVGP MPKGV 5V %QNQPCVWU KP &KCMQPGPMNGKFWPI OKV -GNEJ WPF 2CNO\YGKI JKPVGT KJO MPKGV 5V 6QVPCPWU WPF UVÒV\V UKEJ CWH GKP $WEJ QDGP -CTVWUEJG OKV ,CJTGU\CJN WOJGT FKG 9CRRGP FGT ÒDTKIGP &QOJGTTGP OO I *GNOUEJTQVV <GRGTPKEM 8QT\ÒINKEJ

4253

4254

#FCO (TKGFTKEJ XQP 5GKPUJGKO -QPX 6CNGT 9ÒT\DWTI &CX *GNOUEJTQVV 44 (GNFGT CNVIGIN·VVGV UGJT UEJÌPpXQT\ÒINKEJ

-QPX 6CNGT 9ÒT\DWTI 8CTKCPVG OKV 4QUGVVG CO /CPVGN &CX *GNOUEJTQVV 5GJT UEJÌPpXQT\ÒINKEJ

453

4255 4256

4256

-TGW\GT 9ÒT\DWTI *GNOUEJTQVV

8QT\ÒINKEJ

-QPX 6CNGT 9ÒT\DWTI &CX *GNOUEJTQVV (GKP \CRQPKGTV YKP\ 5EJTÌVNKPIUHGJNGT UGJT UEJÌPpXQT\ÒINKEJ

4258

454

4257

4259

5GFKUXCMCP\ 5KNDGTOGFCKNNG XQP ( )ÌV\KPIGT &TGK R[TCOKFGPHÌTOKI CPIGQTFPGVG 9CR RGPUEJKNFG FCTÒDGT -TQPG QDGP KP -CTVWUEJG 5'&' 8#%#06' Û WOJGT FKG 9CRRGP FGT \GJP ·NVG TGP &QOJGTTGP )GMTÌPVG /CFQPPC OKV -KPF WPF <GRVGT KP 5VTCJNGPMTCP\ CWH 9QNMGP N WPVGP MPKGV 5V -KNKCP OKV /KVTC $KUEJQHUUVCD WPF 5EJYGTV T WPVGP MPKGV 5V %QNQPCVWU KP &KCMQPGPMNGKFWPI OKV -GNEJ WPF 2CNO\YGKI JKPVGT KJO MPKGV 5V 6QVPCPWU WPF UVÒV\V UKEJ CWH GKP $WEJ QDGP -CTVWUEJG OKV ,CJTGU\CJN WOJGT FKG 9CRRGP FGT ÒDTKIGP &QOJGTTGP OO I *GNOUEJTQVV <G RGTPKEM -N 4CPFHGJNGT UGJT UEJÌP

(TCP\ .WFYKI XQP 'TVJCN 5KNDGTOGFCKNNG XQP , 8 4KGUKPI CWH FKG ,CJTHGKGT FGT 7PKXGTUKV·V 9ÒT\DWTI $TWUVDKNF T KO 1TPCV <GKNGP 5EJTKHV KO -TGKU FGT 9CRRGP FGT UGKV $GUVGJGP FGT 7PKXGTUKV·V TGIKGTGPFGP $KUEJÌHG OO I *GNOUEJTQVV .CXGTTGP\ 4 5GJT UEJÌP

5KNDGTOGFCKNNG XQP , 8 4KGUKPI CWH FKG ,CJTHGKGT FGT 7PKXGTUKV·V 9ÒT\DWTI $TWUVDKNF T KO 1TPCV <GKNGP 5EJTKHV KO -TGKU FGT 9CRRGP FGT UGKV $GUVGJGP FGT 7PKXGTUKV·V TGIKGTGPFGP $KUEJÌHG OO I *GNOUEJTQVV .CXGTTGP\ 4CPF NGKEJV DGCTDGKVGV UQPUV UGJT UEJÌPpXQT\ÒINKEJ

4261 4260

5KNDGTOGFCKNNG WPUKIPKGTV CWH FKG ,CJTHGKGT FGT 7PKXGTUKV·V 9ÒT\DWTI -WTJWV 5EJYGTV WPF <GRVGT ÒDGT FGO 9CRRGP XQP 'INQHHUVGKP FCTWPVGT FKG \YGK 9CRRGPUEJKNFG XQP 'EJVGT WPF 'TVJCN FC\YKUEJGP .QTDGGT WPF 2CNO\YGKI ÒDGT FGP 9CRRGPUEJKNFGP DGHKPFGP UKEJ CWH GKPGO 5RTWEJDCPF FKG 0COGP FGT DGVTGHHGPFGP (ÒTUVDKUEJÌHG <GKNGP 5EJTKHV FCTWPVGT IGMTGW\VGT .QTDGGT WPF 2CNO \YGKI OO I *GNOUEJTQVV .CXGTTGP\ *ÒDUEJG 2CVKPC XQT\ÒINKEJ

5KNDGTOGFCKNNG CWH FKG ,CJTHGKGT FGT 7PKXGTUKV·V 9ÒT\DWTI -WTJWV 5EJYGTV WPF <GRVGT ÒDGT FGO 9CRRGP XQP 'INQHHUVGKP FCTWPVGT FKG \YGK 9CRRGPUEJKNFG XQP 'EJVGT WPF 'TVJCN FC\YKUEJGP .QTDGGT WPF 2CNO\YGKI ÒDGT FGP 9CRRGPUEJKNFGP DGHKPFGP UKEJ CWH GKPGO 5RTWEJDCPF FKG 0COGP FGT DGVTGHHGPFGP (ÒTUVDKUEJÌHG <GKNGP 5EJTKHV FCTWPVGT IGMTGW\VGT .QTDGGT WPF 2CNO\YGKI OO I *GNOUEJTQVV XIN FQTV KO FQRRGNVGP )GYKEJV .CXGTTGP\ XIN 2TCEJVGZGORNCT *GTTNKEJG 2CVKPC 5VGORGNINCP\

4262

4263 (doppelt)

4264

-QPX 6CNGT ,CJTGU\CJN KO 5VGORGN CWU IG·PFGTV 9ÒT\DWTI &CX *GNOUEJTQVV 2TCEJVGZGORNCT /KP LWUVKGTV HCUV 5VGORGNINCP\

&QRRGNVGT -QPX 6CNGT 9ÒT\DWTI 2T·OKG I &CX *GNOUEJTQVV (GKP \CRQPKGTV XQT\ÒINKEJp5VGORGNINCP\

-QPX 6CNGT 9ÒT\DWTI 2T·OKG &CX *GNOUEJTQVV (GKP \CRQPKGTV YKP\ 5EJTÌVNKPIUHGJNGT CO 4CPF XQT\ÒINKEJ

4265

-QPX 6CNGT 9ÒT\DWTI &CX *GNOUEJTQVV

(GKP \CRQPKGTV XQT\ÒINKEJp5VGORGNINCP\

455

4266

4267

4268

-QPX 6CNGT 9ÒT\DWTI 2T·OKG &CX *GNOUEJTQVV

5GFKUXCMCP\ 5KNDGTOGFCKNNG XQP , 2 9GTPGT &TGK R[TCOKFGPHÌTOKI CPIGQTFPGVG 9CR RGPUEJKNFG FCTÒDGT -TQPG QDGP KP -CTVWUEJG 5'&' 8#%#06' WOJGT FKG 9CRRGP FGT \GJP ·NVGTGP &QOJGTTGP )GMTÌPVG /CFQPPC OKV -KPF WPF <GRVGT KP 5VTCJNGPMTCP\ CWH 9QNMGP N WPVGP MPKGV 5V -KNKCP OKV /KVTC $KUEJQHUUVCD WPF 5EJYGTV T WPVGP MPKGV 5V %QNQPCVWU KP &KCMQPGPMNGKFWPI OKV -GNEJ WPF 2CNO\YGKI JKPVGT KJO MPKGV 5V 6QVPCPWU WPF UVÒV\V UKEJ CWH GKP $WEJ QDGP -CTVWUEJG OKV ,CJTGU\CJN WOJGT FKG 9CRRGP FGT ÒDTKIGP &QOJGTTGP OO I *GNOUEJTQVV <GRGTPKEM (GKPG 2CVKPC XQT\ÒINKEJ

)GQTI -CTN XQP (GEJGPDCEJ -QPX 6CNGT 9ÒT\DWTI -QPVTKDWVKQP &CX *GNOUEJTQVV (GKP \CRQPKGTV NGKEJV LWUVKGTV MN 5EJTÌVNKPIUHGJNGT XQT\ÒINKEJ

(GKP \CRQPKGTV HCUV XQT\ÒINKEJ

4269

56#&6

9722'46#.

5VCFVVGKN 'NDGTHGNF $TQP\GOGFCKNNG 9GTMUVCVV . %JT .CWGT 0ÒTPDGTI CWH FCU L·JTKIG 5VKH VWPIUHGUV FGT .QIG *GTOCPP \WO .CPFG FGT $GTIG 4GEJVYKPMNKI IGÌHHPGVGT <KTMGN ÒDGT $GTINCPF UEJCHV KP FGT /KVVG GKP 8WNMCP CWU FGO (NCOOGP JGTXQTDTGEJGP KO *KPVGTITWPF T CWHIGJGPFG 5QPPG 8KGT <GKNGP 5EJTKHV FCTWPVGT 5RJKPZ N WOJGT 'KEJGP WPF .QTDGGTMTCP\ OO *<% 0WT 'ZGORNCTG IGRT·IV 2TCEJVGZGORNCT 5VGORGNINCP\ &KG .QIG IGJÌTVG \WO 8GTDCPFG FGT 9GNVMWIGNP )TQNQIG WPF JCVVG GKPG /KVINKGFGT\CJN XQP 2GTUQPGP 5KG YWTFG IGITÒPFGV WPF YCT KP FGP FTGKKIGT ,CJTGP GKPKIG <GKV KPCMVKX +P FGT 0GWLCJTUPCEJV FGU ,CJTGU XGTNQT FKG .QIG KJT .QIGPIGD·WFG FWTEJ GKPGP $TCPF FQEJ YWTFG FKGUGU YKGFGT CWHIGDCWV WPF KP FGP UR·VGTGP ,CJTGP FWTEJ GKPGP #PDCW XGTITÌGTV

456

/'&#+..'0

4270

-#.'0&'4/'&#+..'0

/+5%'..#0'#

)TCXKGTVG UKNDGTPG -CNGPFGTOGFCKNNG Q , WO WPUKIPKGTV #WH 8QTFGT WPF 4ÒEMUGKVG KUV LGYGKNU GKPG TWPFG 5EJGKDG CPIGDTCEJV FKG OKV *KNHG GKPGU 5EJCTPKGTU FCU KP FGT /KVVG GKPIGUGV\V KUV IGFTGJV YGTFGP MCPP 8QTFGTUGKVG #WH FGT 5EJGKDG UKPF FKG 9QEJGPVCIG XQP 5QPPVCI DKU 5COUVCI WPVGTGKPCPFGT GKPITCXKGTV T FCPGDGP DGHKPFGV UKEJ GKPG ¤HHPWPI FWTEJ FKG FKG -CNGPFGTVCIG \W UGJGP UKPF WPF FKG FWTEJ &TGJGP FGT 5EJGKDG XGTUVGNNV YGTFGP MÌPPGP #WH FGT NKPMGP 5GKVG KUV GKPG .CPFUEJCHV OKV *·WUGTP GKPITCXKGTV WOJGT <KGTTCPF 4ÒEMUGKVG )TCXKGTVG 5EJTKHV WPF UGEJU ¤HHPWPIGP KP FGT ·WGTGP UKPF FKG 5VGTP\GKEJGP \W UGJGP KP FGT IGIGPÒDGTNKGIGPFGP ¤HHPWPI FKG GPVURTGEJGPFGP /QPCVUPCOGP OKV #P\CJN FGT 6CIG FKG KPPGTGP ¤HHPWPIGP \GKIGP FKG FC\WIGJÌTKIGP 7JT\GKVGP XQP 5QPPGPCWHICPI WPF 5QPPGPWPVGTICPI UQYKG FKG GPVURTGEJGPFG &CWGT XQP 6CI WPF 0CEJV CNNG &CVGP MÌPPGP FWTEJ &TGJGP FGT 5EJGKDG XGTUVGNNV YGTFGP OO I WGTUV UGNVGP +P IGP·JVGT .GFGTJÒNNG +PVGTGUUCPVGU UGJT UEJÌPGU 'ZGORNCT

(4'+/#74'4

.QV &KXGTUG /GFCKNNGP CWU 5KNDGT WPF WPGFNGP /GVCNNGP FGU ,CJTJWPFGTVU \WO 6JGOC (TGKOCWTGT W C XQP (TCPMHWTV 5VWVVICTV *GKNDTQPP $TÒPP 4QWGP WPF FGP 7 5 # +PVGTGUUCPVGU .QV DKVVG DGUKEJVKIGP 5VÒEM /GKUV XQT\ÒINKEJ WPF DGUUGT

4272

)1'6< /'&#+..'0

$TQP\GOGFCKNNG CWH FKG 0QVNCPFWPI FGU <GRRGNKP .WHVUEJKHHU < +8 .< DGK .WP¾XKNNG &CU .WHVUEJKHH DGK FGT .CPFWPI XGTHQNIV XQP GKPGO &QRRGNFGEMGT WPF HTCP\ÌUKUEJGP -CXCNNGTKUVGP &GT ICNNKUEJG *CJP WPF FGT FGWVUEJG #FNGT UVGJGP UKEJ IGTGK\V IGIGPÒDGT OO -CKUGT -KGPCUV 8QT\ÒINKEJ

.165

5GJT KPVGTGUUCPVGU .QV XQP $TQP\GIWOGFCKNNGP FGU /GFCKNNGWTU -CTN )QGV\ CWH FKG /KCEJVWPI FGT )GPHGT -QPXGPVKQP WPF FGP GTUVGP )GDTCWEJ XQP &WO &WO )GUEJQUUGP FWTEJ (TCPMTGKEJ -KGPCUV CWH &GWVUEJNCPFU DGFKPIWPINQUG #PPCJOG FGU 9CHHGPUVKNNUVCPFGU GT\YWPIGP FWTEJ FGP HTCP\ÌUKUEJGP /CTUEJCNN (GTFKPCPF (QEJ -KGPCUV CWH FKG $KNFWPI FGT 4·VGTGRWDNKM KP $C[ GTP -KGPCUV CWH FKG PKEJV GKPIGJCNVGPGP 8GTURTGEJWPIGP 9KNJGNOU ++ -KGPCUV CWH FKG <GPUWT FGU 8QNMUNKGFGTDWEJGU -KGPCUV CWH FGP 4ÒVNKUEJYWT KP 'UUGP FGT 6QFGU QRHGT HQTFGTVG 5VÒEM 8QT\ÒINKEJ

457

4275

4274

.7(6(#*46

$TQP\GOGFCKNNG XQP # )WKNNGOCTF CWH 2CWN #PFTGCPK WPF UGKPGP #WHUVKGI KP /CKNCPF KO ,CJT $ÒUVG T &GT OKV FTGK /CPP DGUGV\VG $CNNQP KP 9QNMGP OO $WVVQP #WMVKQP # *GUU 0CEJH (TCPMHWTV 0QXGODGT 0T FQTV CNU 1TKIKPCN -N 4CPFHGJNGT XQT\ÒINKEJ

2'4510'0/'&#+..'0

XQP *KPFGPDWTI WPF $GPGEMGPFQTHH 2CWN 2QUGP Ó 0GWFGEM )GPGTCNHGNFOCTUEJCNN WPF 4GKEJURT·UKFGPV 5KNDGTOGFCKNNG WPUKIPKGTV XQP % &TGPVYGVV CWH FCU 'PFG FGT 9KPVGT UEJNCEJV KP /CUWTGP WPF FKG 8GTPKEJVWPI FGT 4WUUKUEJGP #TOGG $TWUVDKNF KP 7PKHQTO HCUV X X (ÒPH <GKNGP 5EJTKHV ÒDGT 2CNO WPF .QTDGGT\YGKI FGT XQP GKPGO 5RTWEJDCPF WOIGDGP KUV ('$4 OO I <GV\OCPP 44 <CRQPKGTV XQT\ÒINKEJp5VGORGNINCP\

4277 1:1,5 4276

4276

/GPFGNUUQJP /QUGU &GUUCW Ó $GTNKP 2JKNQUQRJ $TQP\GOGFCKNNG Q , #PHCPI ,CJTJWPFGTV OKV /GFCKNNGWTU\GKEJGP & CWU FGO 8GTNCI 4QD $CNN 0CEJH $GTNKP $TWUVDKNF FGU 2JKNQ UQRJGP N /15'5 /'0&'.551*0 OO 4 9KP\ 4CPFHGJNGT XQT\ÒINKEJ

/QUGU /GPFGNUUQJP IGJÌTVG \W FGP DGFGWVGPFGP 2QRWNCTRJKNQUQRJGP FGU ,CJTJWPFGTVU WPF \·JNVG \W FGP (TGWPFGP .GUUKPIU

458

XQP 5EJKNNGT (TKGFTKEJ /CTDCEJ Ó 9GKOCT 'KPUGKVKIG TGEJVGEMKIG $TQP\GRNCMGVVG WPUKIPKGTV CWH UGKPGP L·JTKIGP 6QFGUVCI $TWUVDKNF XQP 5EJKNNGTU N ÒDGT 'KEJGP\YGKIGP KP 2GTNQXCN WOJGT FKG 9CRRGPUEJKNFG FGT CEJV FGWVUEJGP )TQNQIGP WPVGP 5RTWEJDCPF OKV FGT +PUEJTKHV 5%*+..'4 CWH 4QUGPTCPMGP FCTWPVGT 6CHGN OKV XKGT <GKNGP 5EJTKHV QDGP #WIG KP UVTCJNGPFGO &TGK GEM Z OO *<% (CUV 5VGORGNINCP\

4278 1:1,5

5EJWNVGP 9QNHICPI 'NDGTHGNF Ó /QGTU 0WOKUOCVKMGT WPF 6GZVKNMCWHOCPP 'KPUGKVKIG 5KNDGTIWOGFCKNNG Q , WO XQP 'IQP $GEMGPDCWGT 0WOKUOCVKMGT WPF /GFCKNNGWT KP /ÒPEJGP -QRH N OO I 8QT\ÒINKEJG #TDGKV

5%*ª6<'09'5'0

.QV <KPPOGFCKNNG CWH FKG 5EJÒV\GPHGUVG KP 4GPFUDWTI *WUWO 0GWOÒPUVGT WPF (NGPUDWTI -NKR RGPHÌTOKIG 5KNDGTOGFCKNNG CWH FCU &GWVUEJG $WPFGUUEJKGUUGP KP .GKR\KI 5KNDGTOGFCKNNG CWH FCU &GWVUEJG $WPFGUUEJKGUUGP KP *CPPQXGT 5KNDGTOGFCKNNG CWH FCU 8GTDCPFUUEJKGUUGP KP (TCPMGPVJCN 5VÒEM /GKUV XQT\ÒINKEJ

70+8'45+6 6'0

5KNDGTOGFCKNNG CWH FKG ,CJTHGKGT FGT 7PKXGTUKV·V $CUGN 5KNDGTOGFCKNNG XQP %JT 9GT OWVJ CWH FKG ,CJTHGKGT FGT 7PKXGTUKV·V 'THWTV .CXGTTGP\ 5KNDGTOGFCKNNG CWH FKG ,CJTHGKGT FGT 7PKXGTUKV·V *GKFGNDGTI 5KNDGTOGFCKNNG CWH FKG ,CJTHGKGT FGT 7PKXGTUKV·V 5VTC DWTI .CXGTTGP\ 5KNDGTOGFCKNNG XQP XCP FGT -GNNGP CWH FKG ,CJTHGKGT FGT 7PKXGTUKV·V 7VTGEJV 9WT\DCEJ 5VÒEM 5GJT UEJÌPpXQT\ÒINKEJ

ex 4281

&'765%*' -1.10+'0 .16 &'765%*' -1.10+'0

-NGKPG 5COONWPI XQP 2CUUOCTMGP /GFCKNNGP WPF #D\GKEJGP FGT FGWVUEJGP -QNQPKGP &GWVUEJ 5ÒF YGUVCHTKMC $TQP\G 2CUUOCTMG FGU )KDGQP 2CUU QJPG GKPIGUEJNCIGPG -QPVTQNN 0WOOGT $TQP\G 2CUUOCTMG FGU $\ -GGVOCPUJQQR 2CUU Z DGKFG OKV GKPIGUEJNCIGPGT -QPVTQNN 0WOOGT 9GKOG VCNN /GFCKNNG Q , \WT 'TKPPGTWPI CP FKG -TKGIULCJTG KP &GWVUEJ 5ÒFYGUVCHTKMC VTCIDCTG $TQP\GOGFCKNNG Q , \WT 'TKPPGTWPI CP FKG #WHUV·PFG KP &GWVUEJ 5ÒFYGUVCHTKMC $TQP\GOGFCKNNG \WT 'TKPPGTWPI CP FKG L·JTKIG (GKGT FGT .CPFWPI FGWVUEJGT #PUKGFNGT KP 5ÒFCHTKMC $TQP\GOGFCKNNG Q , WPUKIPKGTV XQP - )QGV\ CWH FGP FGWVUEJGP /KNKV·TCT\V WPF -QNQPKCNRKQPKGT &T )WUVCX 0CEJVKICN 5KNDGT OGFCKNNG Q , XQP /QTKP CWH FKG ,CJTHGKGT FGT 'TYGTDWPI FGWVUEJGT -QNQPKGP $TQP\GOG FCKNNG Q , &KGPUV\GKV KP %JKPC $TQP\GOGFCKNNG CWH )GPGTCNHGNFOCTUEJCNN )TCH XQP 9CNFGTUGG $TQP\G #D\GKEJGP FGU 8GTGKPU GJGOCNKIGT -QNQPKCNVTWRRGP KP -KGN #D\GKEJGP CWH FCU L·JTKIG ,WDK N·WO FGT &GWVUEJGP -QNQPKCNIGUGNNUEJCHV (TCPMHWTV C / #D\GKEJGP FGU (TCWGPDWPFU FGT &GWV UEJGP -QNQPKCNIGUGNNUEJCHV 'JTGPURCPIG OKV $CPF FGU (TCWGPDWPFU FGT &GWVUEJGP -QNQPKCNIGUGNNUEJCHV *QEJKPVGTGUUCPVGU -QPXQNWV DKVVG DGUKEJVKIGP 5VÒEM 6GKNYGKUG UGNVGP 5GJT UEJÌPpXQT\ÒINKEJ 459

4282

&4+66'5 4'+%*

<KPMOGFCKNNG XQP * 8 HÒT VTGWG &KGPUVNGKUVWPIGP KO $GTGKEJ FGU .WHVICWMQOOCPFQU $GNIKGP 0QTFHTCPMTGKEJ .ÌYG UKV\V T FGP -QRH \WTÒEMIGYCPFV 5GEJU <GKNGP 5EJTKHV FCTWPVGT #FNGT OKV *CMGPMTGW\ WOJGT 'KEJGPMTCP\ QDGP FCU 'KUGTPG -TGW\ OO -CKUGT 4 2TQDKGTURWT CO 4CPF UGJT UEJÌPpXQT\ÒINKEJ

/'&#+..'0 .165

#NNIGOGKP &KXGTUG /GFCKNNGP FGU WPF ,CJTJWPFGTVU W C XQP #PJCNV $TCPFGPDWTI 2TGWUUGP 2GTUQPGPOGFCKNNGP GVE +PVGTGUUCPVGU .QV OKV DGUUGTGP 5VÒEMGP DKVVG DGUKEJVKIGP 5VÒEM 5GJT UEJÌPpXQT\ÒINKEJ

&KXGTUG /GFCKNNGP KP WPGFNGP /GVCNNGP XQP &GWVUEJNCPF +VCNKGP WPF 5EJYGK\ FC\W 75# $TQP\GOG FCKNNGP CWH FCU L·JTKIG (KTOGPLWDKN·WO XQP %TCPG %Q %JKECIQ 5VÒEM 5GJT UEJÌPpXQT\ÒINKEJ

-QPXQNWV XQP $TQP\G WPF <KPPOGFCKNNGP FGU ,CJTJWPFGTVU W C Z OKV $G\WI CWH $TCPFGP DWTI 2TGWGP UQYKG Z OKV $G\WI CWH $C[GTP +PVGTGUUCPVGU .QV OKV FWTEJYGI JÒDUEJGP 'TJCNVWPIGP DKVVG DGUKEJVKIGP 5VÒEM 8QT\ÒINKEJp5VGORGNINCP\

&KXGTUG /GFCKNNGP FGU WPF ,CJTJWPFGTVU CWU WPGFNGP /GVCNNGP W C XQP $TCPFGPDWTI 2TGWGP ¤UVGTTGKEJ )TQDTKVCPPKGP 2GTUQPGPOGFCKNNGP GVE +PVGTGUUCPVGU .QV DKVVG DGUKEJVKIGP 5VÒEM /GKUV XQT\ÒINKEJ WPF DGUUGT

&KXGTUG CNVFGWVUEJG /GFCKNNGP Z 5KNDGT Z 7PGFGN FGU ,CJTJWPFGTVU W C 2HCN\ 5CEJUGP .WHVHCJTV 2GTUQPGPOGFCKNNGP GVE 5VÒEM 5GJT UEJÌP WPF DGUUGT

ex 4288

&KXGTUG CNVFGWVUEJG WPF CWUN·PFKUEJG /GFCKNNGP FGU ,CJTJWPFGTVU FCTWPVGT UGNVGPG 5VÒEMG WPF JÒDUEJG 3WCNKV·VGP +PVGTGUUCPVGU .QV DKVVG DGUKEJVKIGP 5VÒEM /GKUV XQT\ÒINKEJ

#WUNCPF (TCPMTGKEJ 'NUC .QVJTKPIGP .QV XQP 9CNNHCJTVUOGFCKNNGP OGKUV $TQP\G #NNG CWU FGT 5COONWPI #TVJWT 'PIGN *QEJKPVGTGUUCPVGU .QV DKVVG DGUKEJVKIGP 5VÒEM /GKUV UGJT UEJÌP

2QT\GNNCPOGFCKNNGP -NGKPG 5COONWPI XQP 2QT\GNNCPOGFCKNNGP FGU <GKVTCWOGU OGKUV CWU FGT /CPWHCMVWT /GKUUGP FCTWPVGT KPVGTGUUCPVG 5VÒEMG *QEJKPVGTGUUCPVGU .QV DKVVG DGUKEJVKIGP 5VÒEM 8QT\ÒINKEJp5VGORGNINCP\

460

14&'0 70& '*4'0<'+%*'0

4291

&'765%*' 56##6'0 $+5 5#%*5'0 -¤0+)4'+%*

-ÌPKINKEJ 5·EJUKUEJGT #NDTGEJVUQTFGP /QFGNN 4KVVGTMTGW\ -NCUUG )QNF GOCKNNKGTV OKV $CPF +O 1TKIKPCNGVWK FGT (KTOC ) # 5EJCTHHGPDGTI &TGUFGP 0+// 1'- +p++

.165

7OHCPITGKEJG 5COONWPI XQP EC 1TFGP 'JTGP\GKEJGP WPF #D\GKEJGP 'HHGMVGP OKNKV·TKUEJGP 1DLGMVGP GVE CWU &GWVUEJNCPF XQTYKGIGPF FGU UQIGPCPPVGP &TKVVGU 4GKEJ WPF FGT 5QYLGVWPKQP

FCTWPVGT W C CWEJ FGT .GPKPQTFGP UQYQJN 1TKIKPCNG CNU CWEJ -QRKGP KP WPVGTUEJKGFNKEJGP /GVCNNGP VGKNYGKUG GOCKNNKGTV UQYKG CP 0CFGNP $·PFGTP QFGT KP #WUUVGNNWPIUTCJOGP FGMQTKGTV \WUCOOGP OKV WOHCPITGKEJGT 5COONWPIU &QMWOGPVCVKQP (ÒT 1TKIKPCNKV·V FGT GKP\GNPGP 2QUKVKQPGP MCPP MGKPG )GY·JT ÒDGTPQOOGP YGTFGP $KVVG DGUKEJVKIGP %C 5VÒEM +P WPVGTUEJKGFNKEJGP 'TJCNVWPIGP

2#2+'4)'.&

9GKVGTGU 2CRKGTIGNF UKGJG CWEJ 0T .KVCWGP 0T (TCPMTGKEJ 0TP 2QNGP 0TP 4WUUNCPF 0T ¤UVGTTGKEJ WPF 0T 9GUVHCNGP

4293

24'755'0

#.6&'765%*' 56##6'0

-QNDGTI 2QOOGTP WPVGT RTGWUUKUEJGT $GUCV\WPI 0QVIGNFUEJGKP \W )TQUEJGP -QOOKU UKQPU -WRQP OKV FGP 7PVGTUEJTKHVGP FGU ,WUVK\ $ÒTIGTOGKUVGTU *CTFGT FGT $ÒTIGT 4GRT·UGPVCPVGP &TGUQY WPF <KOOGTOCPP WPF FGT 5GIGNJCWU NVGUVGP 5EJTÌFGT WPF *GPVUEJ UGP UQYKG OKV TQVGT 6KPVG FGU -QPVTQNNGWTU 9KVV 2KEM 4KZGP # 44 +++

&KG (GUVWPI -QNDGTI WPVGT RTGWKUEJGT $GUCV\WPI UGKV #RTKN WPVGT FGO /CLQT XQP )PGKUGPCW UGKV ,CPWCT XQP FGP (TCP\QUGP GKPIGUEJNQUUGP JKGNV UKEJ DKU \WO 9CHHGPUVKNNUVCPF CO ,WNK #WGT FGT 0QVIGNFCWUICDG JCVVG FGT -QOOCPFCPV FWTEJ #PNGKJGP DGK FGT $ÒTIGTUEJCHV 6CNGT \WUCOOGPIGDTCEJV &KG 0QVIGNFUEJGKPG FCVKGTV YWTFGP CD FGO ,WPK JGTIGUVGNNV WPF CD FGO ,WPK CWUIGIGDGP )G UEJTKGDGP YWTFGP UKG XQP 5EJÒNGTP FGU .[\GWOU

461

4294

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4301 1:1,5

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$'4) *'4<1)67/

,QJCPP 2GVGT #GEMGTUDGTI KP 9KEJNKPIJCWUGP Ó KP 9KEJNKPIJCWUGP /ÒP\YCCIG 4GEJVGEMKIGT -CUVGP CWU #JQTPJQN\ OKV /GUUKPIUEJNKGGP /CG Z Z OO &CU /GKUVGTGVKMGVV KUV KP FGT /KVVG FGU &GEMGNKPPGTGP CPIGDTCEJV 9CCIG CWU 5VCJN OKV 5EJYCPGPJCNUGPFGP WPF OKV TWPFGP /GUUKPIYCCIUEJCNGP CP JGNNDTCWPGP VGKNU IGMÒT\VGP $·PFGTP 8QP FGP )GYKEJVGP UKPF QJPG )TKHHUV·DEJGP FCXQP FCU %CTNKPIGYKEJV OKV .KNKG 2QRRGPDGTI IGRWP\V 7PVGT FGO /GUUKPIMN·RREJGP #WUINGKEJUIGYKEJVG ªDGT FGP )TWDGP 0QOKPCNDG\GKEJPWPI KP TQVGT (CTDG 5GJT HTÒJG WPF UGNVGPG 9CCIG FKGUGU /GKUVGTU (CUV XQT\ÒINKEJGU 'ZGORNCT

#GEMGTUDGTI HGTVKIVG FKG ·NVGUVGP DKUJGT DGMCPPVGP 9CCIGP PCEJ -ÌNPGT 8QTDKNF 8QT VTWIGP FKG )GYKEJVG /ÒP\DKNFGT GTUEJGKPV FKG FCPP ÒDNKEJG /ÒP\DG\GKEJPWPI $GK #GEMGTUDGTI GTNGTPVGP FKG $TÒFGT ,QJCPP /GN EJKQT 'NDGTHGNF WPF #DTCJCO 5EJYGNO UQYKG XGTOWVNKEJ CWEJ ,QJCPP 2GVGT $TCUGNOCPP 9KEJNKPIJCWU FCU 9CC IGPOCEJGTJCPFYGTM

4307

468

/ÒP\YCCIG 4GEJVGEMKIGT -CUVGP CWU #JQTPJQN\ OKV GKPGT /GUUKPIUEJNKGG /CG Z Z OO &CU &GEMGNKPPGTG KUV OKV FGO /GKUVGTGVKMGVV CWUIGHÒNNV 9CCIG CWU 5VCJN OKV 5EJYCPGPJCNUGPFGP WPF OKV TWPFGP /GUUKPIYCCIUEJCNGP CP DTCWPTÌVNKEJGP $·PFGTP &KG 9CCIG KUV MQORNGVV OKV )G YKEJVGP FKG #WUINGKEJUIGYKEJVG HGJNGP ªDGT FGP )TWDGP 0QOKPCNDG\GKEJPWPI KP TQVGT (CTDG 8QT\ÒINKEJGU 'ZGORNCT

4308

,QJCPP &CPKGN XQO $GTI .GPPGR Ó /ÒP\YCCIG 4GEJVGEMKIGT -CUVGP CWU #JQTP JQN\ OKV /GUUKPIUEJNKGGP /CG Z Z OO &CU /GKUVGTGVKMGVV HÒNNV FCU IGUCOVG &GEMGNKP PGTG CWU WPF VT·IV KP FGT WPVGTGP TGEJVGP 'EMG FGP $TCPFUVGORGN ,%8/#)< 9CCIG CWU 5VCJN OKV 5EJYCPGPJCNUGPFGP WPF OKV TWPFGP /GUUKPIYCCIUEJCNGP CP ITÒPGP $·PFGTP /GUUKPIIGYKEJVG FCXQP OKV FGO DGTIKUEJGP .ÌYGP IGRWP\V UQYKG #WUINGKEJUIGYKEJVG ªDGT FGP )TWDGP 0QOK PCNDG\GKEJPWPIGP OKV TQVGT (CTDG #VVTCMVKXGU UGJT UEJÌPGU 'ZGORNCT

&CU )GYKEJV \W 05 .U &14 YKTF ÒDNKEJGTYGKUG PKG OKV FGO DGTIKUEJGP .ÌYGP IGRWP\V ,QJCPP &CPKGN XQP $GTI GTJKGNV CO FKG 'TNCWDPKU \WT )QNFYCCIGPJGTUVGNNWPI

4309

/ÒP\YCCIG 4GEJVGEMKIGT -CUVGP CWU #JQTPJQN\ OKV GKPGT /GUUKPIUEJNKGG /CG Z Z OO &CU &GEMGNKPPGTG KUV OKV FGO /GKUVGTGVKMGVV CWUIGHÒNNV WPF VT·IV KP FGT WPVGTGP TGEJVGP 'EMG FGP $TCPFUVGORGN ,%8/#)< 9CCIG CWU 5VCJN OKV 5EJYCPGPJCNUGPFGP WPF OKV TWPFGP /GUUKPIYCCI UEJCNGP CP ITÒPGP XGTMÒT\VGP $·PFGTP &KG 9CCIG KUV MQORNGVV OKV )GYKEJVGP CNNG OKV FGO DGTIKUEJGP .ÌYGP IGRWP\V WPF #WUINGKEJUIGYKEJVGP ªDGT FGP )TWDGP 0QOKPCNDG\GKEJPWPI KP TQVGT (CTDG 8QT\ÒINKEJGU 'ZGORNCT

,QJCPP &CPKGN XQP $GTI GTJKGNV CO FKG 'TNCWDPKU \WT )QNFYCCIGPJGTUVGNNWPI

469

4310

4311

/ÒP\YCCIG WO XGTOWVNKEJ XQP &CPKGN XQO $GTI 4GEJVGEMKIGT -CUVGP CWU #JQTPJQN\ OKV GKPGT /GUUKPIUEJNKGG /CG Z Z OO 9CCIG CWU 5VCJN OKV 5EJYCPGPJCNUGPFGP WPF OKV TWPFGP /GUUKPIYCCIUEJCNGP CP ITÒPGP PGWGP $·PFGTP &KG 9CCIG JCV )GYKEJVG FKG DKU CWH GKPGP 4[FGT PKEJV \WIGJÌTKI FKG /GKUVGTOCTMG DGTIKUEJGT .ÌYG GKPIGRWP\V VTCIGP FKG #WUINGKEJUIG YKEJVG HGJNGP ªDGT FGP )TWDGP 0QOKPCNDG\GKEJPWPI KP TQVGT (CTDG 5GJT UEJÌPGU 'ZGORNCT

,QJCPP 2GVGT $TCU U GNOCPP 9KEJNKPIJCWUGP IGVCWHV Ó /ÒP\YCCIG 4GEJVGEMKIGT -CUVGP CWU #JQTPJQN\ OKV GKPGT /GUUKPIUEJNKGG /CG Z Z OO &CU /GKUVG TGVKMGVV HÒNNV FCU IGUCOVG &GEMGNKPPGTG CWU 9CCIG CWU 5VCJN OKV 5EJYCPGPJCNUGPFGP WPF OKV TWPFGP /GUUKPIYCCIUEJCNGP CP ITÒPGP $·PFGTP &KG 9CCIG KUV MQORNGVV OKV )GYKEJVGP UQYKG #WU INGKEJUIGYKEJVGP ªDGT FGP )TWDGP 0QOKPCNDG\GKEJPWPI KP TQVGT (CTDG 4 8QT\ÒINKEJGU 'ZGORNCT

#WH FKGUGT UGJT HTÒJGP 9CCIG YKTF FGT 0COG OKV UU IGUEJTKGDGP 0CEJ FGO IGJGKOGP 4CVURTQVQMQNN FGT .CPFGUTG IKGTWPI XQO YWTFG MÒT\NKEJ GKPGO IGYKUUGP $TCGNOCPP FCU 2TKXKNGIKWO GTVGKNV ,QJCPP 2GVGT $TCU U GNOCPP YCT FGT 1PMGN XQP ,QJCPP %CURCT /KVVGNUVGPUEJGKF )QNFYCCIGPHGTVKIGT KP .GPPGR FGT DGK KJO FCU *CPFYGTM GTNGTPVG

4312

470

/ÒP\YCCIG 4GEJVGEMKIGT -CUVGP CWU #JQTPJQN\ OKV /GUUKPIUEJNKGGP /CG Z Z OO &CU /GKUVGTGVKMGVV HÒNNV FCU IGUCOVG &GEMGNKPPGTG CWU WPF VT·IV WPVGP TGEJVU FGP $TCPFUVGORGN ,756+'46 FCTÒDGT -TQPGP 9CCIG CWU 5VCJN OKV 5EJYCPGPJCNUGPFGP WPF OKV TWPFGP /GUUKPI YCCIUEJCNGP CP ITÒPGP NGKEJV IGMÒT\VGP $·PFGTP )GYKEJVG FCXQP OKV FGO DGTIKUEJGP .ÌYGP IGRWP\V UQYKG #WUINGKEJUIGYKEJVG ªDGT FGP )TWDGP 0QOKPCNDG\GKEJPWPI KP TQVGT (CTDG (CUV XQT\ÒINKEJGU 'ZGORNCT

4313

,QJCPP 9KNJGNO (QTUVJQHH LT 5QNKPIGP Ó /ÒP\YCCIG QJPG ,CJT WO 4GEJVGEMKIGT -CUVGP CWU #JQTPJQN\ OKV GKPGT /GUUKPIUEJNKGG /CG Z Z OO &CU /GKUVG TGVKMGVV HÒNNV FCU IGUCOVG &GEMGNKPPGTG CWU MNGKPG (GJNUVGNNG WPVGP TGEJVU WPF VT·IV WPVGP TGEJVU FGP $TCPFUVGORGN ,756+46 FCTÒDGT -TQPG 9CCIG CWU 5VCJN OKV 5EJYCPGPJCNUGPFGP WPF OKV TWPFGP /GUUKPIYCCIUEJCNGP CP JGNNITÒPGP $·PFGTP &KG 9CCIG KUV MQORNGVV OKV )GYKEJVGP FKG CNNG OKV FGO 'KEJ\GKEJGP DGTIKUEJGT .ÌYG IGRWP\V UKPF UQYKG #WUINGKEJUIGYKEJVGP ªDGT FGP )TWDGP 0QOKPCNDG\GKEJPWPI KP TQVGT (CTDG 8QT\ÒINKEJGU 'ZGORNCT

,QJCPP 9KNJGNO (QTUVJQHH JCV XGTOWVNKEJ DGK UGKPGO 8CVGT IGNGTPV WPF YCT OKV FGT )QNFYCCIGPOCEJGT (COKNKG *GTDGTV\ CWU 5QNKPIGP XGTYCPFV 'T YCT \WUCOOGP OKV ,QJCPP %CURCT /KVVGNUVGPUEJGKF .GPPGR FGT RTQFWMVKXUVG WPF CO N·PIUVGP V·VKIG )QNFYCCIGPOCEJGT FGU ,CJTJWPFGTVU

4314

,QJCPP 2JKNKRR *GTDGTVU LWP 5QNKPIGP Ó /ÒP\YCCIG 4GEJVGEMKIGT -CUVGP CWU #JQTPJQN\ OKV /GUUKPIUEJNKGGP /CG Z Z OO &CU /GKUVGTGVKMGVV HGJNV $GUKV\GT PCOG * ( /G[GT KP *COGNP OKV UEJYCT\GT 6KPVG KO +PPGPFGEMGN XGTOGTMV &KG 9CCIG CWU 5VCJN OKV 5EJYCPGPJCNUGPFGP KUV GPINKUEJGP 7TURTWPIU #WEJ FKG DGKFGP TWPFGP /GUUKPIYCCIUEJCNGP UKPF PKEJV DGTIKUEJ 8QP FGP )GYKEJVGP UKPF OKV 4QECNNKGP XGT\KGTV &KGUG UGJT UGNVGPGP )GYKEJVG JCV *GTDGTVU PWT HÒT YGPKIG 9CCIGP KP FGP ,CJTGP IGHGTVKIV &CU 2KUVQN WPF FCU .QWKUIG YKEJV VTCIGP \WU·V\NKEJ FGP $TGOGT 5EJNÒUUGN FKG ,CJTGU\CJN WPF 9 # YGPKIGT CNU #UUG GKPIGRWP\V #WH FGTGP 7PVGTUGKVG GKPIGRWP\V +%/ WPIGFGWVGV )GYKEJVG UVCOOGP CWU CPFGTGP DGTIKUEJGP 9CCIGP FKG #WUINGKEJUIGYKEJVG HGJNGP &KG )TWDGP UKPF PKEJV DGUEJTKHVGV 4 (CUV XQT\ÒINKEJGU 'ZGORNCT

0CEJ GKPGO $GUEJNW XQP 4CV WPF $ÒTIGTUEJCHV FGT 5VCFV $TGOGP XQO YCTGP FKG WONCWHGPFGP 2KUVQNGP WPF .QWKUFQT )GYKEJVG OKV FGT ,CJTGU\CJN \W XGTUGJGP WPF XQO /ÒP\YCTFGKP ' % 2QRRG \W LWUVKGTGP &CJGT VTCIGP FKG OGKUVGP OKV FGO $TGOGT 5EJNÒUUGN IGRWP\VGP )GYKEJVG CWH FGT 7PVGTUGKVG FKG +PKVKCNGP '%2 X 2QRRG

471

4315

/ÒP\YCCIG 4GEJVGEMKIGT -CUVGP CWU #JQTPJQN\ OKV GKPGT /GUUKPIUEJNKGG /CG Z Z OO &CU DGUQPFGTU JÒDUEJ IGUVCNVGVG /GKUVGTGVKMGVV KUV KP FGT /KVVG FGU &GEMGNKPPGTGP CPIGDTCEJV 'U \GKIV ÒDGT FGP 5EJTKHV\GKNGP KO QDGTGP 6GKN FCU 9CRRGP FGU -WTHÒTUVGP -CTN 6JGQFQT GKPIGTCJOV XQP YGKDNKEJGP CNNGIQTKUEJGP (KIWTGP 9CCIG CWU 5VCJN OKV 5EJYCPGPJCNUGPFGP WPF OKV TWPFGP /GU UKPIYCCIUEJCNGP CP TÌVNKEJ DTCWPGP $·PFGTP 8QP FGP )GYKEJVGP JCDGP )TKHHUV·DEJGP CNNG UKPF OKV FGO 'KEJ\GKEJGP HNCEJG -TQPG IGRWP\V 7PVGT FGO OKV WPF HNCEJG -TQPG IGRWP\VGP /GU UKPIMN·RREJGP NKGIGP OKV 5 5QNKPIGP IGRWP\VG #WUINGKEJUIGYKEJVG &KG )TWDGP UKPF PKEJV DG UEJTKHVGV 4 8QT\ÒINKEJGU 'ZGORNCT

4316

,QJCPP /GNEJKQT -TWUG UGP KP 'NDGTHGNF Ó /ÒP\YCCIG Q , PCEJ 4GEJVGE MKIGT -CUVGP CWU #JQTPJQN\ OKV GKPGT /GUUKPIUEJNKGG /CG Z Z OO &CU /GKUVGTGVKMGVV HÒNNV FCU IGUCOVG &GEMGNKPPGTG CWU KO <GPVTWO FCU IGMTÌPVG 9CRRGP FGU -WTHÒTUVGP -CTN 6JGQFQT CWU FGT .KPKG 2HCN\ 5WN\DCEJ FCTWPVGT XKGT 1TFGPUMGVVGP \W FGP 5GKVGP <GKNGP 5EJTKHV 9CCIG CWU 5VCJN OKV 5EJYCPGPJCNUGPFGP WPF OKV TWPFGP /GUUKPIYCCIUEJCNGP CP PGWGP $·PFGTP &KG 9CCIG KUV MQO RNGVV OKV /ÒP\IGYKEJVGP FKG CNNG OKV FGO 'KEJ\GKEJGP DGTIKUEJGT .ÌYG IGRWP\V UKPF UQYKG GKP MQORNGVVGT 5CV\ XQP #WUINGKEJUIGYKEJVGP ªDGT FGP )TWDGP 0QOKPCNDG\GKEJPWPI KP TQVGT (CTDG 4 8QT\ÒINKEJGU 'ZGORNCT ,QJCPP /GNEJKQT -TWUG NGTPVG DGK ,QJCPP 2GVGT #GEMGTUDGTI 9KEJNKPIJCWUGP WPF JGKTCVGVG FGUUGP 6QEJVGT /CTKC %CVJCTKPC YWTFG GT 'KEJOGKUVGT 5GKP 5QJP INGKEJGP 8QTPCOGPU IGD IGUV HGTVKIVG GDGP HCNNU KP $CTOGP )QNFYCCIGP 5GKP $TWFGT #DTCJCO ITÒPFGVG KP 5EJYGNO FKG O·TMKUEJG 9CCIGPHCDTKMCVKQP

472

4317

,QJCPP /GNEJKQT -TWUG LT KP $CTOGP Ó #WVQOCVKUEJG 9CCIG 5RTKPI KPVQ RQUKVKQP 6[R PCEJ .·PINKEJGT TGEJVGEMKIGT FWPMGN IGDGK\VGT -CUVGP /CG Z Z OO $GKO ¤HHPGP FGU -CUVGPU UVGNNV UKEJ FKG 9CCIG CWH /KV FGO ITÌGTGP 5EJKGDGIGYKEJV MÌPPGP OKPFGUVGPU /ÒP\PQOKPCNG IGYQIGP YGTFGP FCU MNGKPGTG 5EJKGDGIGYKEJV FKGPV \WT 'TOKVVNWPI FGU /KPFGTIGYKEJ VGU &KG GKPIGMNGDVG )GDTCWEJUCPYGKUWPI KP FGWVUEJGT *CPFUEJTKHV KUV NGKEJV CPIGUEJOWV\V &CU -CUVGP KPPGTG KUV XGTUEJOWV\V OKV -CNMTGUVGP FKG 5EJNKGG HGJNV 44 5GJT UEJÌPGU 'ZGORNCT

,QJCPP /GNEJKQT -TWUG YKTF KP FGP IGJGKOGP 4CVURTQVQMQNNGP FGT .CPFGUTGIKGTWPI CNU )QNFYCCIGPHGTVKIGT KP FGT )GOCTMG $CTOGP YQJPGPF IGPCPPV 'T JCV FKG /ÒP\YCCIG XQP ,QJCPP 9KNJGNO (QTUVJQHH LT 5QNKPIGP DG\Q IGP WPF NGFKINKEJ UGKP 'VKMGVV GKPIGMNGDV &KG XQTIGPCPPVG CWVQOCVKUEJG 9CCIG JCV GT XQP FGO 9CCIGPOCEJGT ,GE MGT 2CTKU DG\QIGP ,GEMGT JCVVG DKU KP 'PINCPF FKG *GTUVGNNWPI FKGUGU 9CCIGPV[RGU IGNGTPV WPF UKEJ KP 2CTKU PKGFGTIGNCUUGP ,QJCPP /GNEJKQT -TWUG JCV FKGUG 9CCIG OKV GKPGO JCPFUEJTKHVNKEJGP 6GZV \W FGP GKP\GNPGP /ÒP\PQOKPCNGP XGTUGJGP VGKNYGKUG OKV UGKPGP 0COGP WPF KP DKUJGT PWT GKPGO DGMCPPVGP 'ZGORNCT CWEJ OKV GKPGT ,CJTGU\CJN

4318

/#4- )4#(5%*#(6

,QJCPP &CPKGN 'NNKPIJCWU 5EJYGNO IGVCWHV Ó /ÒP\YCCIG CD 4GEJVGEMKIGT -CUVGP CWU #JQTPJQN\ OKV /GUUKPIUEJNKGGP &CU /GKUVGTGVKMGVV HÒNNV FCU IGUCOVG &GE MGNKPPGTG CWU WPF VT·IV WPVGP OKVVKI FGP $TCPFUVGORGN ,756+46 WPF -TQPGP 9CCIG CWU 5VCJN OKV 5EJYCPGPJCNUGPFGP WPF OKV TWPFGP /GUUKPIYCCIUEJCNGP CP ITÒPGP GTPGWGTVGP $·PFGTP 8QP FGP WTURTÒPINKEJ )GYKEJVGP UKPF QTKIKPCN XQP 'NNKPIJCWU WPF OKV UGKPGO V[RKUEJGP 'KEJ\GKEJGP UVGKN CWHUVGKIGPFGT UEJNCPMGT .ÌYG IGRWP\V &CU 2KUVQN )GYKEJV UVCOOV XQP $TCU U GNOCPP 9KEJNKPIJCW UGP #WUINGKEJUIGYKEJVG UKPF XQTJCPFGP ªDGT FGP )TWDGP 0QOKPCNDG\GKEJPWPI KP TQVGT (CTDG 44 5GJT UEJÌPGU 'ZGORNCT

,QJCPP &CPKGN 'NNKPIJCWU CTDGKVGV UGKV FGP GT ,CJTGP KP 4CFGXQTOYCNF KO *GT\QIVWO $GTI 0CEJ IGJV GT YKGFGT \WTÒEM KP FKG )TCHUEJCHV /CTM YQ GT KO *QNVUMCOR DGKO *QVVGPUVGKP KO -QVVGP UGKPGU 8CVGTU )QNFYCC IGP JGTUVGNNV #D HGTVKIV GT 9CCIGP KP 5EJYGNO .GV\VG FCVKGTVG 9CCIG XQP 'T JCV CWEJ CWH FGP KP FGT /CTM JGTIGUVGNNVGP )GYKEJVGP UVGVU FGP DGTIKUEJGP .ÌYGP GKPIGRWP\V 8CTKCPVGP #O YKTF GT YGIGP YKGFGTJQNVGT $GVVGNGK KPU #TTGUVJCWU CO $GTIGTVQT KP &ÒUUGNFQTH GKPIGNKGHGTV YQ GT CO CP FGP (QNIGP GKPGU 5EJNCIHNWUUGU XGTUVCTD 5GKPG 9CCIGP UKPF ·WGTUV UGNVGP

473

4319

#DTCJCO -TWUG 5EJYGNO KP 9KEJNKPIJCWUGP Ó KP 5EJYGNO /ÒP\YCCIG 4GEJVGEMKIGT -CUVGP CWU #JQTPJQN\ OKV GKPGT /GUUKPIUEJNKGG /CG Z Z OO &CU /GKUVGTGVKMGVV KUV KP FGT /KVVG FGU &GEMGNKPPGTGP CPIGDTCEJV 9CCIG CWU 5VCJN OKV 5EJYCPGPJCNUGPFGP WPF OKV TWPFGP /GUUKPIYCCIUEJCNGP CP ITÒPGP $·PFGTP 8QP FGP WTURTÒPINKEJ )GYKEJVGP QJPG /GKUVGT\GKEJGP UKPF QTKIKPCN &WECV KUV GTI·P\V FKG #WUINGKEJUIGYKEJVG HGJNGP ªDGT FGP )TWDGP 0QOKPCNDG\GKEJPWPIGP KP TQVGT (CTDG (CUV XQT\ÒINKEJGU 'ZGORNCT

#DTCJCO -TWUG OCEJVG UGKPG .GJTG DGK ,QJCPP 2GVGT #GEMGTUDGTI KP 9KEJNKPIJCWUGP 'T GTJKGNV CO XQO RTGWKUEJGP -ÌPKI FCU 2TKXKNGI WPF YCT FGT $GITÒPFGT FGT O·TMKUEJGP )QNFYCCIGPRTQFWMVKQP 5GKP $TWFGT ,QJCPP /GNEJKQT CTDGKVGVG CNU )QNFYCCIGPHGTVKIGT KP 'NDGTHGNF &KG DGTIKUEJ O·TMKUEJGP 9CCIGP YCTGP 2TQFWMVG FGT /G VCNNOCPWHCMVWTGP FGT TGEJVUTJGKPKUEJGP )GDKGVG &GP JQJGP $GMCPPVJGKVUITCF XGTFCPMVGP FKG 9CCIGP FGP DGTIKUEJGP -CWHNGWVGP FKG KO WPF ,CJTJWPFGTV CWH /GUUGP KP (TCPMHWTV WPF CPFGTGP 2N·V\GP 9CCIGP PGDGP XKGNGP CPFGTGP DGTIKUEJGP #TVKMGNP XGTMCWHVGP

4320

474

/ÒP\YCCIG WO QJPG 'VKMGVV XGTOWVNKEJ XQP #DTCJCO -TWUG 5EJYGNO 4GEJVGEMKIGT -CUVGP CWU #JQTPJQN\ OKV GKPGT /GUUKPIUEJNKGG /CG Z Z OO &KG 9CCIG CWU 5VCJN OKV TWPFGP /GUUKPIYCCIUEJCNGP CP ITÒPGP \GTTKUUGPGP $·PFGTP 8QP FGP WTURTÒPINKEJ )GYKEJVGP QJPG /GK UVGT\GKEJGP UKPF XQTJCPFGP FKG #WUINGKEJUIGYKEJVG UKPF PKEJV DGTIKUEJ O·TMKUEJ ªDGT FGP )TWDGP 0QOKPCNDG\GKEJPWPI KP TQVGT (CTDG 5GJT UEJÌPGU 'ZGORNCT

4321

,QJCPP 2GVGT 2QRRGPDGTI KO #OV $NCPEMGPUVGKP DGK 5RTQEMJÌXGN IGVCWHV /ÒP\YCCIG XQT 4GEJVGEMKIGT -CUVGP CWU #JQTPJQN\ OKV /GUUKPIUEJNKGGP /CG Z Z OO &CU /GKUVGTGVKMGVV HÒNNV FCU IGUCOVG &GEMGNKPPGTG CWU WPF VT·IV KP FGT WPVGTGP TGEJVGP 'EMG FGP $TCPF UVGORGN ,756+46 +2 2$ , QJCPP 2 GVGT 2 QRRGP $ GTI 9CCIG CWU 5VCJN OKV 5EJYCPGPJCNUGPFGP WPF OKV TWPFGP /GUUKPIYCCIUEJCNGP CP DTCWPGP GTI·P\VGP $·PFGTP 8QP FGP WTURTÒPINKEJ )G YKEJVGP UKPF QTKIKPCN XQP 2QRRGPDGTI GTI·P\VG XQP 2GVGT %CURCT /KVVGNUVGPUEJGKF )GYKEJV WPF FKG #WUINGKEJUIGYKEJVG HGJNGP ªDGT FGP )TWDGP 0QOKPCNDG\GKEJPWPI KP TQVGT (CTDG 5GJT UEJÌPpXQT\ÒINKEJGU 'ZGORNCT

,QJCPP 2GVGT 2QRRGPDGTI 1DGTUVG &CUDGTI IGP 2QRRGPDGTI KO #OV $NCPMGPUVGKP DGK 5RTQEMJÌXGN YWTFG CO IGVCWHV #NU )QNFYCCIGPHGTVTKIGT YCT GT XQP DKU V·VKI 'T YCT GKP $TWFGT FGT )QNFYCCIGPHGTVK IGT %CURCT &KGFGTKEJ IGD &KGFGTKEJ 2GVGT IGVCWHV IGUV WPF 2GVGT %CURCT IGVCWHV IGUV 0WT ,QJCPP 2GVGT WPF &KGFGTKEJ 2GVGT UKPF CNNGKPG CNU *GTUVGNNGT XQP 9CCIGP CWH 'VKMGV VGP IGPCPPV UQPUV VTGVGP FKG $TÒFGT IGOGKPUCO CNU *GTUVGNNGT CWH

4322

$GTIKUEJG 9CCIGP HÒT FGP 'ZRQTV /ÒP\YCCIG PCEJ XQP 2GVGT %CURCT /KVVGNUVGPUEJGKF .GP PGR 4GEJVGEMKIGT -CUVGP CWU #JQTPJQN\ OKV GKPGT /GUUKPIUEJNKGG /CG Z Z OO &CU &GEMGNKPPGTG KUV ICP\ OKV GKPGO JGNNDNCWGP XQP IGNDUEJYCT\GP $NÒVGP WPF IGUEJYWPIGPGP .KPKGP DGFGEMVGP 2CRKGT DGMNGDV WPF VT·IV WPVGP TGEJVU FGP $TCPFUVGORGN ,756+46 FCTÒDGT -TQPGP 9CCIG CWU 5VCJN OKV 5EJYCPGPJCNUGPFGP WPF OKV TWPFGP /GUUKPIYCCIUEJCNGP CP ITÒPGP VGKNYGKUG GTI·P\VGP $·PFGTP )GYKEJVG FCXQP GTI·P\V &KG 1TKIKPCNG VTCIGP DKU CWH FCU 05 .U FQT )G YKEJV ÒDNKEJ FGP RTGWKUEJGP #FNGT GKPIGRWP\V FKG #WUINGKEJUIGYKEJVG HGJNGP &KG )TWDGP UKPF PKEJV DGUEJTKHVGV 8QT\ÒINKEJGU 'ZGORNCT

475

4323

/ÒP\YCCIG PCEJ XQP 2GVGT %CURCT /KVVGNUVGPUEJGKF .GPPGR 4GEJVGEMKIGT -CUVGP CWU #JQTPJQN\ OKV GKPGT /GUUKPIUEJNKGG /CG Z Z OO &CU &GEMGNKPPGTG KUV ICP\ OKV ITÒPUEJYCT\ OCTOQTKGTVGO 2CRKGT DGMNGDV WPF VT·IV WPVGP TGEJVU FGP $TCPFUVGORGN ,756+46 FCTÒDGT -TQPGP 9CCIG CWU 5VCJN OKV 5EJYCPGPJCNUGPFGP WPF OKV TWPFGP /GUUKPIYCCIUEJCNGP CP ITÒPGP $·PFGTP 8QP FGP )GYKEJVGP UKPF \WIGJÌTKI WPF DKU CWH FKG 05 .U FQT ÒDNKEJ OKV FGO RTGWKUEJGP #FNGT IGRWP\V FKG #WUINGKEJUIGYKEJVG HGJNGP &KG )TWDGP UKPF PKEJV DGUEJTKHVGV 5GJT UEJÌPpXQT\ÒINKEJGU 'ZGORNCT

4324

/#+0< 56#&6

/CTVKPWU ,QUGRJWU 0QJCUEJGEM /ÒP\YCCIG 4GEJVGEMKIGT -CUVGP CWU #JQTPJQN\ OKV /GU UKPIUEJNKGGP FKG NKPMG HGJNV /CG Z Z OO &CU &GEMGNKPPGTG KUV ICP\ OKV GKPGO VCRG VGP·JPNKEJGP QTCPIHCTDGPGP WPF IQNFHCTDGPGP $NÒVGP DGFGEMVGP 2CRKGT DGMNGDV &CTCWH KUV FCU /GKUVG TGVKMGVV XQP 0QJCUEJGEM CWHIGDTCEJV 'U \GKIV WPVGT GKPGT )KTNCPFG GKPGP UEJYGDGPFGP 'PIGN OKV 9CCIG WPF 5EJYGTV FCTWPVGT FKG 9CRRGP FGT 5VCFV /CKP\ WPF FGU $KUVWOU FCJKPVGT GKP /CUMCTQP .KPMU WPF TGEJVU <GKNGP 5EJTKHV #%74#6 #,1756+4'6 &WTEJ /#46+075 ,15'2*75 01*#5%*'- )'5%*91*40'4 &1/ %#22 +6.+5'4 70& 56#&6 9'4&'+0 +0 /#;06< +P FGP 'EMGP GKP 4CF /CKP\! +P FGT HTGKGP (N·EJG ÒDGT FGO &TWEM JCPFUEJTKHVNKEJ OKV UEJYCT\GT 6KPVG 0CEJ FGO %QXGPVKQPU (W #UUGP RGT &WECV 9CCIG CWU /GUUKPI OKV HGKP IGUEJPKVVGPGO <GKIGT WPF 5EJGTG UQYKG TGKEJ IGUVCNVGVGP 5EJYCPGPJCNUGPFGP WPF OKV TWPFGP /GUUKPIYCCIUEJCNGP 5EJPWT FGHGMV &KG 9CCIG KUV MQORNGVV OKV )GYKEJVGP FKG \WP·EJUV OKV FGO DGTIKUEJGP .ÌYGP XQP &CPKGN X $GTI WPF CPUEJNKGGPF OKV FGO (TCPMHWTVGT #FNGT XQP /ÒP\TCV $WPUGP WPF GPFIÒNVKI OKV FGO <GKEJGP FGU 9CTFGKP 0QJCUEJGEM /CKP\GT 4CF WPF 9CRRGP FGU &QOMCRKVGNU IGRWP\V UKPF #WUINGKEJUIGYKEJVG IGRWP\V OKV FGO (TCPMHWTVGT #FNGT ªDGT FGP )TWDGP 0QOKPCNDG\GKEJPWPI KP TQVGT (CTDG 4 #WGTIGYÌJPNKEJGU OWUGCNGU 'ZGORNCT &KG /ÒP\YCCIG KUV GKP $GKURKGN HÒT FGP 8GTVTKGD DGTIKUEJGT 9CCIGP JKGT XQP ,QJ &CPKGN X $GTI .GPPGR CWH FGP /GUUGP KP (TCPMHWTV WPF /CKP\

476

4325 4326

0ª40$'4) 56#&6

2CWNWU &GKPGTV Ó &WECVGPYCCIG Q , PCEJ /ÒP\YCCIG KP 8KQNKPM·UVEJGP CWU 0W DCWOJQN\ OKV GKPGT /GUUKPIUEJNKGG /CG Z Z OO #WH FGO #WGPFGEMGN UKPF FCU &WECVGPO·PPNGKP WPF GKPG &WDNQPG GKPIGRT·IV KO &GEMGNKPPGTGP GKP 'VKMGVV OKV <GKNGP 5EJTKHV KP GKPGT 8QNWVGPMCTVWUEJG KP FGT QDGP OKVVKI GKP 5EJTÌRHMQRH <GKEJGP XQP 2 &GKPGTV \W UGJGP KUV 'KP 9CINGKP QJPG )GYKEJV GKPGP &WECVGP \W YKGIGP CWH FGP $QIGP HÒT FKG 'G CDIGVJGKNGV C DKU 9 'G YKGIGP H #O WPVGTGP 4CPF 2CWNWU &GKPGTV +O -CUVGPDQFGP GKP YGKVGTGU 'VKMGVV 9CP OCP FCU )GYKEJV CWH NGIGV UQ MCPP OCP &QRNQPGP YKGIGP 9CCIG CWU 5VCJN PKEJV \WIGJÌTKI WPF GPI NKUEJGP 7TURTWPIU UQYKG TWPFG /GUUKPIYCCIUEJCNGP CP ITÒPGP $·PFGTP 4 5GJT UEJÌPGU 'ZGORNCT

.QEMPGT 0T 2CWNWU &GKPGTV YCT /GKUVGT UGKV 5GKP <GKEJGP CD KUV FGT .QMQRH 5EJTÌRHMQRH OKV 2&

/ÒP\YCCIG Q , PCEJ 4GEJVGEMKIGT -CUVGP CWU TQVDTCWP IGDGK\VGO *QN\ OKV GKPGT 8QTFGT UEJNKGG +O +PPGPFGEMGN KUV QDGP OKVVKI FCU /GKUVGT\GKEJGP 2& WPVGT 5EJTÌRHMQRH UQYKG #$)'<1)'0 GKPIGDTCPPV 9CCIG CWU 5VCJN OKV 5RCVGNGPFGP WPF OKV TWPFGP /GUUKPIYCCIUEJCNGP CP ITÒPGP $·PFGTP &KG 9CCIG KUV MQORNGVV OKV )GYKEJVGP OKV /ÒP\DKNFGTP UQYKG #WUINGKEJUIG YKEJV ªDGT FGP )TWDGP KUV LGYGKNU FKG 0QOKPCNDG\GKEJPWPI GKPIGDTCPPV 8QT\ÒINKEJGU 'ZGORNCT

4327

/ÒP\YCCIG Q , PCEJ 4GEJVGEMKIGT -CUVGP CWU 0WDCWOJQN\ OKV GKPGT /GUUKPIUEJNKGG /CG Z Z OO #WH FGO #WGPFGEMGN KUV QDGP OKVVKI FCU /GKUVGT\GKEJGP 2& WPVGT 5EJTÌRHMQRH GKPIGRT·IV 9CCIG CWU 5VCJN OKV $QZ (QTOGPFGP WPF OKV GKPGT FTGKGEMKIGP WPF GKPGT TWPFGP 5EJCNG CP ITÒPGP $·PFGTP 8QP FGP WTURTÒPINKEJ )GYKEJVGP UKPF OKV GKPIGUEJNCIGPGP /ÒP\DG\GKEJPWP IGP WPF #WUINGKEJUIGYKEJV XQTJCPFGP (CUV XQT\ÒINKEJGU 'ZGORNCT

477

4328

,CMQD )GQTI *KOONGT /GKUVGT ÓXQT &WECVGPYCCIG Q , WO /ÒP\YCCIG KP 8KQNKPM·UVEJGP CWU 0WDCWOJQN\ OKV GKPGT /GUUKPIUEJNKGG /CG Z Z OO #WH FGO #WGPFGEMGN KUV FCU &WECVGPO·PPNGKP GKPIGRT·IV KO &GEMGNKPPGTGP GKP JCPFIGUEJTKGDGPGT <GVVGN OKV <GKNGP 5EJTKHV 'KP 9·IN QJPG IGYKEJV GKP &WECV \W Y·IGP CWH FGO $QIGP HÒT FKG GG CDIGVGKNV C DKU 0D GKP &WECV YKGIV # 9CCIG CWU 5VCJN OKV 5RCVGNGPFGP XQP GKPGT $CNMGPUGKVG \WO <ÒPINGKP GKP 5VCJNDQIGP OKV 'KPMGTDWPIGP #WH FGP DGKFGP TWPFGP /GUUKPIYCCIUEJCNGP KUV FKG WO GKPGP &WECVGP UEJYGTGTG OKV FGO &WECVGPO·PPNGKP IGRWP\V FKG CPFGTG VT·IV FCU /GKUVGT\GKEJGP <GRVGT OKV ) * CP DNCITÒPGP $·PFGTP 44 8QT\ÒINKEJGU 'ZGORNCT .QEMPGT 0T ,CMQD )GQTI *KOONGT YCT GKP 8GTYCPFVGT XQP )GQTI #DGPF .QEMPGT 0T

4329

/ÒP\YCCIG 4GEJVGEMKIGT FWPMGN IGDGK\VGT -CUVGP OKV GKPGT /GUUKPIUEJNKGG /CG Z Z OO #WH FGO #WGPFGEMGN KUV QDGP OKVVKI FCU /GKUVGT\GKEJGP <GRVGT OKV )+ * WPF ,CJTGU\CJN GKPIGRT·IV 9CCIG CWU 5VCJN OKV $QZ (QTOGPFGP WPF OKV GKPGT FTGKGEMKIGP WPF GKPGT TWPFGP 5EJCNG CP TQVGP DGUEJ·FKIVGP $·PFGTP +P FGT &TGKGEMUEJNCIGT GKP <GRVGT GKPIGUEJNCIGP &KG 9CCIG KUV MQORNGVV OKV )GYKEJVGP OKV GKPIGUEJNCIGPGP /ÒP\DG\GKEJPWPIGP UQYKG #WUINGKEJUIGYKEJVGP (CUV XQT\ÒINKEJGU 'ZGORNCT

%JTKUVQRJ /CPIQNF /CPIQNV Ó /ÒP\YCCIG Q , WO *GNNGT -CUVGP OKV CDIG TWPFGVGP 5GKVGP CWU 0WDCWOJQN\ OKV 8QTFGTUEJNKGGP /CG Z Z OO +O &GEMGNKPPGTGP UKPF &TCJVUEJNCWHGP \WT $GHGUVKIWPI GKPGU /GUUKPIUVKHVGU 9CCIG CWU 5VCJN OKV HNCEJGP 'PFGP WPF TWPFGP /GUUKPIYCCIUEJCNGP KP FKG FCU /GKUVGT\GKEJGP %/ GKPIGUEJNCIGP KUV CP JGNNITÒPGP $·P FGTP &KG 9CCIG KUV MQORNGVV OKV )GYKEJVGP FKG FCU /ÒP\DKNF VTCIGP UQYKG HTCP\ÌUKUEJGU ! #WUINGKEJUIGYKEJV #PUVGNNG FGU &WECV YWTFG 2KUVQNIGYKEJV GTI·P\V ªDGT FGP )TWDGP KUV LGYGKNU FKG 0QOKPCNDG\GKEJPWPI GKPIGDTCPPV (CUV XQT\ÒINKEJGU 'ZGORNCT

.QEMPGT 0T %JTKUVQRJ /CPIQNF YWTFG /GKUVGT WPF )GUEJYQTGPGT

478

4330

4331

)GQTI 5GKFGN /GKUVGT /ÒP\YCCIG Q , WO 4GEJVGEMKIGT -CUVGP CWU 0WDCWOJQN\ OKV GKPGT /GUUKPIUEJNKGG /CG Z Z OO #WH FGO #WGPFGEMGN KUV QDGP OKVVKI FCU /GKUVGT\GK EJGP IGMTGW\VG 2HGKNG W ) 5 GKPIGRT·IV <KGTNKEJG 9CCIG CWU 5VCJN OKV 5EJYCPGPJCNUGPFGP OKV GKPGT FTGKGEMKIGP OKV GKPIGUEJNCIGPGT /GKUVGTOCTMG WPF GKPGT TWPFGP 9CCIUEJCNG CP GTPGWGTVGP $·PFGTP &KG 9CCIG KUV MQORNGVV OKV )GYKEJVGP OKV GKPIGUEJNCIGPGP /ÒP\DG\GKEJPWPIGP UQYKG #WUINGKEJU IGYKEJVGP 8QT\ÒINKEJGU 'ZGORNCT

.QEMPGT 0T )GQTI 5GKFGN /GKUVGT UGKV )GUEJYQTGPGT WPF CNU 8GTVTGVGT FGU )GUEJYQTGPGP 2CWNWU &GKPGTV

4332

/ÒP\YCCIG Q , WO 4GEJVGEMKIGT -CUVGP CWU 0WDCWOJQN\ OKV GKPGT /GUUKPIUEJNKGG /CG Z Z OO #WH FGO #WGPFGEMGN KUV QDGP OKVVKI FCU /GKUVGT\GKEJGP IGMTGW\VG 2HGKNG WPF ) 5 GKPIGRT·IV 9CCIG CWU 5VCJN OKV 5EJYCPGPJCNUGPFGP WPF GKPGT FTGKGEMKIGP OKV GKPIGUEJNCIGPGT /GK UVGTOCTMG WPF GKPGT TWPFGP 9CCIUEJCNG CP PGWGP $·PFGTP 8QP FGP WTURTÒPINKEJ )GYKEJVGP OKV GKPIGUEJNCIGPGP /ÒP\DG\GKEJPWPIGP UKPF XQTJCPFGP FKG #WUINGKEJUIGYKEJVG WPF FGT 5EJWDGT HGJ NGP 5GJT UEJÌPGU 'ZGORNCT

479

4334

4333

*CPU 9GDGT /GKUVGT /ÒP\YCCIG Q , 4GEJVGEMKIGT JGNNGT -CUVGP CWU 0WDCWOJQN\ OKV GKPGT /GUUKPIUEJNKGG /CG Z Z OO &GT #WGPFGEMGN KUV OKV .KPKGP WPF 4QUGVVGP XGT\KGTV KO +PPGPFGEMGN GKPIGDTCPPV 4GEJV CD IG\QIGP 9CCIG CWU 5VCJN OKV 5RCVGNGPFGP WPF GKPGT FTGKGEMKIGP

OKV GKPIGUEJNCIGPGT /GKUVGTOCTMG WPF GKPGT TWPFGP /GUUKPIYCCIUEJCNG CP TQVDNCWGP $·PFGTP /ÒP\IGYKEJVG OKV GKPIGUEJNCIGPGP /ÒP\DKNFGTP VGKNYGKUG PKEJV \WIGJÌTKI UQYKG #WUINGKEJUIGYKEJV ªDGT FGP )TWDGP KUV LGYGKNU FKG 0QOKPCNDG\GKEJPWPI GKPIGDTCPPV 8QT\ÒINKEJGU 'ZGORNCT

.QEMPGT 0T &CU /GKUVGT\GKEJGP XQP *CPU 9GDGT UKPF 9GDGTURWNGP OKV *9 FKG <YGP YGDGTURWNNGP WPF UGKP 0COGP CWHIGUEJNCIGP &KG XQTNKGIGPFG 9CCIG KUV GKP UGJT HTÒJGU 2TQFWMV CWU 0ÒTPDGTI

0KEJV KFGPVKHK\KGTDCTGT /GKUVGT 0ÒTPDGTI QFGT -ÌNP /ÒP\YCCIG XQT 4GEJVGEMKIGT -CUVGP CWU 0WDCWOJQN\ IGURTWPIGP OKV GKPGT /KVVGNUEJNKGG /CG Z Z OO 9CCIG CWU 5VCJN OKV 5RCVGNGPFGP WPF TWPFGP /GUUKPIYCCIUEJCNGP KP FKGUGP FCU /GKUVGT\GKEJGP XQP (TKGFTKEJ 6·WDGT

&·WDGT /GKUVGT WPVGT (6 UEJP·DGNPFG 6CWDGP GKPIGUEJNCIGP CP ITÒPGP VGKNYGKUG FGHGMVGP $·PFGTP 7PVGT FGO &GEMGNUEJWDGT UKPF XQP WTURTÒPINKEJ )GYKEJVGP WPF KO -CUVGPDQFGP YGKVGTG OKV CWHIGUEJNCIGPGP /ÒP\DKNFGTP &KG )GYKEJVG UKPF VGKNYGKUG PKEJV \WIGJÌTKI FKG #WUINGKEJUIGYKEJVG WPF FGT MNGKPG *QN\UEJWDGT HGJNGP ªDGT FGP )TWDGP 0QOKPCNDG\GKEJPWPIGP KP UEJYCT\GT (CTDG 5GJT UEJÌPGU 'ZGORNCT

4335

480

/ÒP\YCCIG Q , PCEJ 4GEJVGEMKIGT -CUVGP CWU 0WDCWOJQN\ OKV GKPGT /GUUKPIUEJNKGG /CG Z Z OO 9CCIG CWU 5VCJN OKV $QZ (QTOGPFGP WPF OKV TWPFGP /GUUKPIYCCIUEJCNGP CP DNCITÒPGP $·PFGTP /ÒP\IGYKEJVG OKV GKPIGUEJNCIGPGP /ÒP\DG\GKEJPWPIGP FKG #WUINGKEJUIG YKEJVG HGJNGP (CUV XQT\ÒINKEJGU 'ZGORNCT

4336

4337

/ÒP\YCCIG Q , XQT 4GEJVGEMKIGT -CUVGP CWU #JQTPJQN\ OKV GKPGT /GUUKPIUEJNKGG /CG Z Z OO 9CCIG CWU 5VCJN OKV 5EJYCPGPJCNUGPFGP WPF TWPFGP /GUUKPIYCCIUEJCNGP CP ITÒPGP $·PFGTP -QORNGVV OKV )GYKEJVGP OKV GKPIGUEJNCIGPGP /ÒP\DG\GKEJPWPIGP WPF #WUINGKEJUIGYKEJ VGP 5GJT UEJÌPpXQT\ÒINKEJGU 'ZGORNCT

24'755'0

/GKUVGTOCTMG )< KP 1XCN $GTNKPGT /ÒP\YCCIG PCEJ 4GEJVGEMKIGT -CUVGP OKV CP FGT 8QT FGTUGKVG CPIGDTCEJVGP 5EJNKGGP FKG NKPMG HGJNV CWGP OKV UEJYCT\GO IGRTGVGP WPF OKV 1TPCOGPVGP XGTUGJGPGP .CEMRCRKGT ÒDGT\QIGP /CG Z Z OO &CU -CUVGPKPPGTG KUV OKV TQVGO VGKNYGKUG XGTDNCVGO 5COV CWUIGUEJNCIGP 9CCIG CWU /GUUKPI OKV HNCEJGP 'PFGP FCTKP $QJTWPIGP HÒT FKG 5 *CMGP WPF OKV TWPFGP /GUUKPIYCCIUEJCNGP CP TQVDTCWPGP $·PFGTP -QORNGVV OKV )GYKEJVGP OKV GKPIGUEJNCIGPGP /ÒP\DG\GKEJPWPIGP WPF FGT /GKUVGTOCTMG )< KP 1XCN 5GJT UEJÌPpXQT\ÒINKEJGU 'ZGORNCT

4338 4339

0KEJV KFGPVKHK\KGTDCTGT /GKUVGT $GTNKPGT /ÒP\YCCIG XQT &GT QXCN CDIGTWPFGVG *QN\MCUVGP /CG Z Z OO KUV CWGP OKV DTCWPGO .GFGT ÒDGT\QIGP #WH FGO &GEMGN KUV OKVVKI GKPG &GEMGNUEJÒUUGN OKV )QNFFGMQT UQYKG GKP /·CPFGTDCPF CNU 4CPFDGITGP\WPI GKPIGRT·IV &CU -CUVGPKP PGTG KUV OKV JGNNGO 9CUEJNGFGT CWUIGUEJNCIGP 9CCIG CWU 5VCJN OKV $QZ (QTOGPFGP WPF OKV TWPFGP /GUUKPIYCCIUEJCNGP CP ITÒPGP $·PFGTP -QORNGVV OKV )GYKEJVGP OKV GKPIGUEJNCIGPGP /ÒP\DG\GKEJ PWPIGP 8QT\ÒINKEJGU 'ZGORNCT

$GTNKPGT /ÒP\YCCIG XQT 4GEJVGEMKIGT -CUVGP OKV GKPGT 8QTFGTUEJNKGG CWGP OKV UEJYCT\ DTCWP IGH·TDVGP 2CRKGT ÒDGT\QIGP WPF KPPGP OKV ITÒPGO 5VQHH MCUEJKGTV /CG Z Z OO 9CCIG CWU /GUUKPI OKV HNCEJGP 'PFGP FCTKP $QJTWPIGP HÒT FKG 5 *CMGP WPF OKV TWPFGP /GUUKPIYCCIUEJCNGP CP ITÒPGP $·PFGTP &KG 9CCIG KUV MQORNGVV OKV TWPFGP )GYKEJVGP OKV GKPIGUEJNCIGPGP /ÒP\DG\GKEJ PWPIGP 8QT\ÒINKEJGU 'ZGORNCT

481

4340

$GTNKPGT /ÒP\YCCIG XQT 4GEJVGEMKIGT -CUVGP OKV GKPGT 8QTFGTUEJNKGG CWGP OKV TQVGP TGKEJ OKV $N·VVGTP XGT\KGTVGO 2CRKGT WPF KPPGP OKV JGNNGO 9CUEJNGFGT ÒDGT\QIGP /CG Z Z OO 9CCIG CWU /GUUKPI OKV HNCEJGP 'PFGP FCTKP $QJTWPIGP HÒT FKG 5 *CMGP WPF OKV TWPFGP /GUUKPI YCCIUEJCNGP CP ITÒPGP FGHGMVGP $·PFGTP TWPFG )GYKEJVG OKV GKPIGUEJNCIGPGP /ÒP\DG\GKEJPWPIGP OKV GKPGT QXCNGP 2WP\G IGOCTMV 8QT\ÒINKEJGU 'ZGORNCT

4341

$GTNKPGT /ÒP\YCCIG WO &GT QXCN CDIGTWPFGVG *QN\MCUVGP OKV CP FGT 8QTFGTUGKVG CPIGDTCEJVGP 5EJNKGGP KUV CWGP OKV DTCWPGO .GFGT ÒDGT\QIGP #WH FGO &GEMGN KUV OKVVKI GKPG 4QUGVVG WPF $QT FÒTG CO 4CPF OKV 4GUVGP CNVGT 8GTIQNFWPI GKPIGRT·IV &CU -CUVGPKPPGTG KUV OKV JGNNGO 9CUEJNGFGT CWUIGUEJNCIGP WPF JCV GKPG TQV IGTCPFGVG 5COVDQTFÒTG 9CCIG CWU /GUUKPI OKV HNCEJGP 'PFGP FCTKP $QJTWPIGP HÒT FKG 5 *CMGP WPF OKV TWPFGP /GUUKPIYCCIUEJCNGP CP ITÒPGP $·PFGTP )GYKEJVG OKV GKPIGUEJNCIGPGP /ÒP\DG\GKEJPWPIGP )GYKEJVG VTCIGP \WU·V\NKEJ FKG /GKUVGTOCTMG %0 KO 1XCN %CTN (TKGFTKEJ 0QTVOCPP $GTNKP 5GJT UEJÌPpXQT\ÒINKEJGU 'ZGORNCT

4342

482

$GTNKPGT /ÒP\YCCIG PCEJ 4GEJVGEMKIGT -CUVGP OKV CP FGT 8QTFGTUGKVG CPIGDTCEJVGP 5EJNKGGP CWGP OKV UEJYCT\GO IGRTGVGP .CEMRCRKGT ÒDGT\QIGP /CG Z Z OO &GT #WGPFGEMGN KUV TGKEJ QTPCOGPVKGTV KP FGT /KVVG WPF KP FGP 'EMGP $NWOGPQTPCOGPVG IQNF WPVGTNGIV &CU -CUVGPKPPGTG KUV OKV XKQNGVVGO 5COV CWUIGUEJNCIGP 9CCIG CWU /GUUKPI OKV HNCEJGP 'PFGP FCTKP $QJTWPIGP HÒT FKG 5 *CMGP WPF OKV TWPFGP /GUUKPIYCCIUEJCNGP CP DTCWPGP $·PFGTP 8QP FGP WTURTÒPINKEJ TWPFGP )GYKEJVGP OKV GKPIGUEJNCIGPGP /ÒP\DG\GKEJPWPIGP UKPF XQTJCPFGP (CUV XQT\ÒINKEJGU 'ZGORNCT

4343

$GTNKPGT /Ã&#x2019;P\YCCIG PCEJ 4GEJVGEMKIGT -CUVGP OKV CP FGT 8QTFGTUGKVG CPIGDTCEJVGP 5EJNKGÂGP CWÂGP OKV UEJYCT\GO IGRTGÂVGP .CEMRCRKGT Ã&#x2019;DGT\QIGP /CÂG Z Z OO &GT #WÂGPFGEMGN KUV KP FGP 'EMGP WPF KP FGT /KVVG OKV $NWOGPQTPCOGPVGP 4GUVXGTIQNFWPI IGUEJOÃ&#x2019;EMV FCU -CUVGPKPPGTG OKV XKQNGVVGO 5COV CWUIGUEJNCIGP 9CCIG CWU /GUUKPI OKV HNCEJGP 'PFGP FCTKP $QJTWPIGP HÃ&#x2019;T FKG 5 *CMGP WPF TWPFGP /GUUKPIYCCIUEJCNGP CP ITÃ&#x2019;PGP FGHGMVGP $Â·PFGTP &KG 9CCIG KUV MQORNGVV OKV TWPFGP )GYKEJVGP OKV GKPIGUEJNCIGPGP /Ã&#x2019;P\DG\GKEJPWPIGP 8QT\Ã&#x2019;INKEJGU 'ZGORNCT

4345 Detail

4344

4345

$GTNKPGT /Ã&#x2019;P\YCCIG PCEJ 4GEJVGEMKIGT -CUVGP OKV CP FGT 8QTFGTUGKVG CPIGDTCEJVGP 5EJNKGÂGP CWÂGP OKV UEJYCT\GO NGKEJV DGUVQÂGPGP .GFGT Ã&#x2019;DGT\QIGP /CÂG Z Z OO &GT #WÂGPFGE MGN KUV OKV URÂ·VDCTQEMGP 1TPCOGPVGP IGUEJOÃ&#x2019;EMV KPPGP OKV TQVGO 9KNFNGFGT CWUIGUEJNCIGP 9CCIG CWU /GUUKPI OKV HNCEJGP 'PFGP FCTKP $QJTWPIGP HÃ&#x2019;T FKG 5 *CMGP WPF OKV TWPFGP /GUUKPIYCCIUEJCNGP CP ITÃ&#x2019;PGP $Â·PFGTP &KG 9CCIG KUV MQORNGVV OKV SWCFTCVKUEJGP )GYKEJVGP OKV GKPIGUEJNCIGPGP /Ã&#x2019;P\DG\GKEJPWPIGP UQYKG #WUINGKEJUIGYKEJVGP 8QT\Ã&#x2019;INKEJGU 'ZGORNCT

.'+2<+) 56#&6

9KNJGNO 2HGHHGTMQTP /Ã&#x2019;P\YCCIG XQT 4GEJVGEMKIGT -CUVGP OKV 8QTFGTUEJNKGÂGP CWÂGP OKV TQVGO QTPCOGPVKGTVGP 2CRKGT Ã&#x2019;DGT\QIGP /CÂG Z Z OO &GT +PPGPFGEMGN KUV OKV ITÃ&#x2019;PGT 5GKFG CWUIGUEJNCIGP WPF CO QDGTGP 4CPF OKVVKI OKV FGO 'VKMGVV 9KNJGNO 2HGHHGTMQTP /GEJCPKMWU KP .GKR\KI 0GWOCTMV 01 'ORHKGJNV UGKP XQNNUVÂ·PFKIGU .CIGT HGKPGT 4GKUU\GWIG +O OKV TQVGO 5COV CWUIGUEJNCIGPGP -CUVGPDQFGP GKPG JÃ&#x2019;DUEJ IGUEJYWPIGPG /GUUKPIYCCIG OKV GKPGO <Ã&#x2019;PINGKP CWU 5VCJN WPF /GUUKPIYCCIUEJCNGP CP JGNNGP VÃ&#x2019;TMKUHCTDGPGP $Â·PFGTP TWPFG )GYKEJVG OKV GKPIGUEJNCIGPGP /Ã&#x2019;P\DG\GKEJPWPIGP FCU 9 &WECVIGYKEJV CWU GKPGT CPFGTGP 9CCIG 4 (CUV XQT\Ã&#x2019;INKEJGU 'ZGORNCT

483

4346

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4372

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8#.'0%+# ,QU¾ 2NCPGU (GTTGT /ÒP\YCCIG .·PINKEJGT -CUVGP OKV CDIGTWPFGVGP 'PFGP CWU 0WDCWOJQN\ OKV 8QTFGTUEJNKGGP /CG Z Z OO +O +PPGPFGEMGN OKVVKI FCU /GKUVGTGVKMGVV ,15'2* 2.#0'5 4'(+0#&14 &'.15 2'515 &'. 4'; ; &' .# %+7&#&' 8#.'0%+# #01 9CCIG CWU 5VCJN OKV 5EJYCPGPJCNUGPFGP WPF TWPFGP /GUUKPIYCCIUEJCNGP CP ITÒPGP $·PFGTP &KG 5EJCNGP UKPF OKVVKI OKV GKPGT 4QUGVVG XGT\KGTV 5EJCNG CO 4CPF IGRWP\V . . FC\YKUEJGP 9CRRGP XQP 8CNGPEKC SWCFTCVKUEJG )GYKEJVG OKV GKPIGUEJNCIGPGP /ÒP\DG\GKEJPWP IGP WPF 10<# &7415 GXVN UR·VGTG )GYKEJVG 5GJT UEJÌPpXQT\ÒINKEJGU 'ZGORNCT

0KEJV KFGPVKHK\KGTDCTG /GKUVGT /ÒP\YCCIG ,CJTJWPFGTV 4GEJVGEMKIGT XQTPG JCNDTWPFGT -CUVGP OKV DTCWPGO .GFGT ÒDGT\QIGP WPF GKPGT 8QTFGTUEJNKGG /CG Z Z OO &CU -CUVGPKPPGTG KUV OKV JGNNGO 9CUEJNGFGT CWUIGUEJNCIGP 9CCIG CWU 5VCJN OKV $QZ (QTOGPFGP WPF TWPFGP /GU UKPIYCCIUEJCNGP CP ITÒPGP $·PFGTP 8QP WTURTÒPINKEJ TWPFGP )GYKEJVGP OKV GKPIGUEJNCIGPGP /ÒP\ DG\GKEJPWPIGP UKPF PQEJ XQTJCPFGP (CUV UGJT UEJÌPGU 'ZGORNCT

4374

75#

494

/ÒP\YCCIG Q , WO UQIGPCPPVG )QNFIT·DGTYCCIG 4GEJVGEMKIGT -CUVGP OKV IGRTGVGO ITÒPGP 2CRKGT ÒDGT\QIGP WPF OKV GKPGT 8QTFGTUEJNKGG /CG Z Z OO &GT #WGPFGEMGN \GKIV OKVVKI FCU COGTKMCPKUEJG 9CRRGPVKGT FGP #FNGT OKV )QNF WPVGTNGIV &CU -CUVGPKPPGTG KUV OKV XKQNGVVGO 5COV CWUIGUEJNCIGP 9CCIG CWU 5VCJN OKV 5EJYCPGPJCNUGPFGP WPF TWPFGP /GUUKPIYCCI UEJCNGP CP ITÒPGP $·PFGTP &KG SWCFTCVKUEJGP )GYKEJVG OKV GKPIGUEJNCIGPGP /ÒP\DG\GKEJPWPIGP UVCOOGP CWU 0ÒTPDGTI 4 (CUV XQT\ÒINKEJGU 'ZGORNCT

4375

51056+)' 9##)'0 9##)'0 70$'-#006'4 *'4-70(6

/ÒP\YCCIG \WT 9·IWPI XQP -TQPGP )QNFOÒP\GP 4GEJVGEMKIGT OKV UEJYCT\GO .GFGT DGUVQGP ÒDGT\QIGPGT -CUVGP KPPGP OKV FWPMNGO 9KNFNGFGT ÒDGT\QIGP WPF OKV 8QTFGTUEJNKGGP /CG Z Z OO -T·HVKIG UGJT UQTIH·NVKI IGCTDGKVGVG /GUUKPIYCCIG $CNMGPN·PIG OO OKV TWPFGP /GUUKPIYCCIUEJCNGP &WTEJOGUUGT OO CP ITÒPGP $·PFGTP +O -CUVGPDQFGP GKPG /GUUKPIRKP\GVVG HÒT FKG MNGKPGP )GYKEJVG 8QP FGP SWCFTCVKUEJGP /GUUKPIIGYKEJVGP OKV 9GTVDG\GKEJPWPI UKPF PQEJ XQTJCPFGP WPF -TQPGP #NNG UKPF OKV GKPGO 9CRRGP 5RCTTGPHQTO WPF PKEJV IGFGWVG VGP XGTUEJNWPIGPGP $WEJUVCDGP $&! IGRWP\V &CU &WTEJUEJPKVVUIGYKEJV NKGIV DGK TWPF HÒT -TQPG 44 5GJT UEJÌPGU 'ZGORNCT

4376

/ÒP\YCCIG XGTOWVNKEJ 'PINCPF ,CJTJWPFGTV ! 4GEJVGEMKIGT CP FGP -CPVGP CDIGUEJT·IVGT /C JCIQPKMCUVGP OKV GKPGT &TWEMMPQRHUEJNKGG /CG Z Z OO 'PINKUEJG 9CCIG CWU 5VCJN OKV 5EJYCPGPJCNUGPFGP WPF TWPFGP /GUUKPIYCCIUEJCNGP CP ITÒPGP $·PFGTP TWPFG -PQRHIGYKEJVG \W WPF %CTQNKP WPF &WECV UQYKG .QWKU (CUV XQT\ÒINKEJGU 'ZGORNCT

495

#216*'-'4 12+7/ 70& 6''9##)'0 #216*'-'49##)'0

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4378

'PINKUEJG #RQVJGMGTYCCIG ,CJTJWPFGTV 4GEJVGEMKIGT FWPMGN IGDGK\VGT -CUVGP CWU 'KEJGPJQN\ ! OKV GKPGT 8QTFGTUEJNKGG /CG Z Z OO 9CCIG CWU 5VCJN OKV 5EJYCPGPJCNUGPFGP WPF OKV TWPFGP /GUUKPIYCCIUEJCNGP CP JGNNITÒPGP $·PFGTP SWCFTCVKUEJG )GYKEJVG \W &TCEJO U )TCKPU WPF 5ETWRNGU UQYKG )TCKPIGYKEJVG 5GJT UEJÌPGU 'ZGORNCT

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PKEJV \WIGJÌTKI CWU 5VCJN OKV 5EJYCPGPJCNUGPFGP CP ITÒPGP FGHGMVGP $·PFGTP +O -CUVGPDQFGP NKGIGP PGDGP FGP 9CCIGP GKP 5VCVKX WPF FKG )GYKEJVG SWCFTCVKUEJG \W LG &TCEJO GKP TWPFGU \W 5ETWRNG WPF #WUINGKEJUIGYKEJVG 8QT\ÒINKEJGU 'ZGORNCT

.16

496

-QPXQNWV XQP 9CCIGP 0KGFGTNCPFG ,QJCPPGU .KPFGTOCPP Ó #OUVGTFCO -CN XGTUVTCCV PCCUV &G 2CRGICC[ -CTCVYCCIG &WPMGN IGDGK\VGT -CUVGP CWU $KTPGPJQN\ TGEJVGEMKI OKV NGKEJV CDIGUEJT·IVGP -CPVGP OKV UVQTEJGPUEJPCDGNHÌTOKIGP /GUUKPIUEJNKGGP CWH FGO &GEMGN #WH FGO #WGPFGEMGN OKVVKI YCRRGPHÌTOKIGU 1TPCOGPV +O +PPGPFGEMGN GKP MQNQTKGTVGT DGUEJ·FKIVGT -WR HGTUVKEJ OKV FGO XQP .ÌYGP IGJCNVGPGP 9CRRGP XQP #OUVGTFCO FCTWPVGT FKG /GKUVGTCPICDG /CG Z Z OO 9CCIG CWU 5VCJN OKV 5EJYCPGPJCNUGPFGP WPF TWPFGP /GUUKPIYCCIUEJCNGP CP FWPMGNDTCWPGP $·PFGTP &KG 2KP\GVVG OKV 5EJ·WHGNEJGP WPF FGT /GUUKPIUVKHV \WT 'PVPCJOG FGT )GYKEJVG HGJNGP 7PVGT FGO *QN\UEJWDGT CNVGTI·P\V! HGJNGP FKG \WIGJÌTKIGP -CTCVIGYKEJVG WPF YWTFGP FWTEJ PCEJIGOCEJVG )GYKEJVG GTI·P\V &GWVUEJG -CTCVYCCIG ,CJTJWPFGTV *GNNDTCWPGU RQNKGTVGU -·UVEJGP OKV IGYÌNDVGO &GEMGN /CG Z Z OO 8GTPKEMGNVG 9CCIG CWU 5VCJN OKV TWPFGP VKGHGP 5EJCNGP OKV ITÒPGP $·PFGTP 0QEJ XQTJCPFGPG )GYKEJVG Z -CTCV WPF /KNNKITCOOIG YKEJVG 7PDGMCPPVG *CPFGNUYCCIG ,CJTJWPFGTV 4GEJVGEMKIGT FWPMGNDTCWPGT *QN\MCUVGP OKV &TWEMMPQRHUEJNKGG /CG Z Z OO /GUUKPIYCCIG OKV TWPFGP 5EJCNGP WPF ITÒPGP 5EJPÒ TGP TWPFG -PQRHIGYKEJVG WPF )TCKPIGYKEJVG &GWVUEJG 'FGNOGVCNN 5VCPFYCCIG XQP OKV 'KEJOCTMG &4 'DKPIGP \W I *GNNDTCWPGT *QN\MCUVGP OKV GKPUEJKGDDCTGT .CFG FKGPV INGKEJ \GKVKI CNU $CUKU HÒT FKG 5VCPFU·WNG /CG Z Z OO +O -CUVGPDQFGP UKPF FKG )GYKEJVG KP GKPGO $TGVV OKV TWPFGP 8GTVKGHWPIGP UQYKG KP YGKVGTGP 8GTVKGHWPIGP FKG $TWEJIGYKEJVG WPVGTIG DTCEJV &KG )GYKEJVG UKPF XQNNUV·PFKI WPF OKV &4 IGRWP\V Z Z WPF I

XQT\ÒINKEJG 'TJCNVWPI (CUV UGJT UEJÌPG 'ZGORNCTG

/ª0<5%*4 0-' 70& - 56'0

4381

/ÒP\UEJTCPM YCJTUEJGKPNKEJ 'PINCPF /KVVG FGU ,CJTJWPFGTVU -QTRWU 0WUUDCWO ! HWTPKGTV OKV \YGK CDUEJNKGDCTGP 6ÒTGP UGKVNKEJ \YGK 6TCIGITKHHG CWU /GUUKPI &GT 5EJTCPM DGKPJCNVGV JÌN\GTPG 5EJWDNCFGP OKV TWPFGP #WUURCTWPIGP XGTUEJKGFGPGT )TÌGP \WT #WHPCJOG XQP /ÒP\GP Z Z EO .GKEJVG )GDTCWEJUURWTGP IWVGT <WUVCPF

07/+5/#6+5%*' .+6'4#674 /101)4#2*+'0 #..)'/'+0' 07/+5/#6+-

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8QNNUV·PFKIG 4GKJG FKGUGT JGTXQTTCIGPFGP 'KPHÒJTWPIUDÒEJGT KP FKG 0WOKUOCVKM

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$#$'.10 ' &GUETKRVKQP FGU /QPPCKGU FG NC 4GRWDNKSWG 4QOCKPG $CPF WPF (QTPK 0CEJFTWEM $QNQIPC $CPF .:+ 5 OKV #DD $CPF 5 OKV #DD +P $·PFGP IGDWPFGP *CND NGFGT

&'765%*.#0&

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'Z NKDTKU $KDNKQVJGM 5VKNNHTKFKCPC $G\KV\GTRT·IWPI /CLQTCVU $ÒEJGTGK 2QJNUFQTH

497

<'2'40+%- - ( &KG %CRKVGNU WPF 5GFKUXCECP\OÒP\GP WPF /GFCKNNGP FGT FGWVUEJGP 'T\ *QEJ WPF WPOKVVGNDCTGP 4GKEJU5VKHVGT -QRKG FGT #WUICDG *CNNG 8+++ 5 6HP 'TI·P\WPIGP WPF $GTKEJVKIWPIGP FGU 8GTUWEJU ÒDGT FKG %CRKVGNU WPF 5GFKUXCECP\OÒP\GP WPF /GFCKNNGP FGT FGWV UEJGP 'T\ *QEJ WPF HTGKGP 4GKEJU5VKHVGT -QRKG FGT #WUICDG *CNNG 8+++ 5 6HP 0CEJVT·IG \W FGP 'TI·P\WPIGP WPF $GTKEJVKIWPIGP FGU 8GTUWEJU ÒDGT FKG %CRKVGNU WPF 5GFKUXCECP\ OÒP\GP WPF /GFCKNNGP FGT &GWVUEJGP 'T\ *QEJ WPF HTGKGP 4GKEJU5VKHVGT -QRKG FGT #WUICDG *CNNG 8+++ 5 6HP +P GKPGO $CPF IGDWPFGP )CP\NGKPGP

#..)'/'+0

.165

.QV FKXGTUGT GWTQR·KUEJGT /ÒP\GP FGU DKU ,CJTJWPFGTVU W C $TCDCPV &WMCVQP #PVYGT RGP (TCPMTGKEJ 'EW & .[QP 4¾HQTOCVKQP 'EW CWZ NCWTKGTU - $QTFGCWZ 0ÒTPDGTI 6CNGT MNGKPGU .QEJ <GGNCPF 5KNDGTFWMCV #WGTFGO GKP TÌOKUEJGT #PVQPKPKCP FGU -CKUGTU 'NCICDCNWU WPF FTGK OQFGTPG 5KNDGTOGFCKNNGP 5VÒEM 5EJÌPp5VGORGNINCP\

&TGK $GDC 5EJWDNCFGP OKV \WOGKUV CWUN·PFKUEJGP -NGKPOÒP\GP +VCNKGP (TCPMTGKEJ 5EJYGK\ XQTYKG IGPF ,CJTJWPFGTV &CTWPVGT CWEJ DGUUGTG 5VÒEMG UQYKG GKPKIG CNVFGWVUEJG -NGKPOÒP\GP 5VÒEM &GT )GUCOVGKPFTWEM FKGUGU 1DLGMVGU KUV UGJT UEJÌP

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/KVVGNCNVGT -NGKPG 5COONWPI OGKUV PQTFFGWVUEJGT 2HGPPKIG WPF $TCMVGCVGP FGU ,CJTJWPFGTVU FCTWPVGT KPVGTGUUCPVG 5VÒEMG *QEJKPVGTGUUCPVGU .QV DKVVG DGUKEJVGP 5VÒEM /GKUV UGJT UEJÌP

ex 4390

498

5GJT IGRHNGIVG 5COONWPI XQP &GPCTGP )TQUEJGP 6WTPQUGP $CV\GP <GJPGTP &QRRGNUEJKNNKPIGP &TGKITÌUEJGTP UQYKG YGKVGTGP 0QOKPCNGP FKXGTUGT FGWVUEJGT WPF GWTQR·KUEJGT /ÒP\UV·PFG FGU DKU ,CJTJWPFGTVU &KG 5COONWPI \GKEJPGV UKEJ FWTEJ ÒDGTFWTEJUEJPKVVNKEJG 3WCNKV·V CWU #NNG /ÒP\GP UKPF UGJT UQTIH·NVKI DGUVKOOV WPF OKV FGP GKPUEJN·IKIGP .KVGTCVWT\KVCVGP XGTUGJGP $KVVG DGUKEJVKIGP 5VÒEM 5GJT UEJÌPpXQT\ÒINKEJ

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&KXGTUG -NGKPOÒP\GP FGU ,CJTJWPFGTVU XQO 2HGPPKI DKU \WO 6CNGT XQP #PJCNV DKU 9ÒTVVGO DGTI +PVGTGUUCPVGU .QV OKV DGUUGTGP 6[RGP DKVVG DGUKEJVKIGP 5VÒEM 5GJT UEJÌP WPF DGUUGT

#PJCNV 6CNGT $C[GTP 6CNGT # (TCPMHWTV &QRRGNVCNGT *GUUGP -CUUGN 6CNGT *GUUGP *QODWTI 6CNGT 2TGWGP 6CNGT # # 5CEJUGP 6CNGT 5CEJUGP %QDWTI )QVJC 6CNGT 9CNFGEM 6CNGT 4&4 6CNGT )TC\ / / 5VÒEM /GKUV UGJT UEJÌP

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&KXGTUG 6CNGTVGKNUVÒEMG FGU ,CJTJWPFGTVU XQO 5KNDGTITQUEJGP DKU \WO )WNFGP XQP #PJCNV DKU 9ÒTVVGODGTI +PVGTGUUCPVGU .QV OKV DGUUGTGP 6[RGP WPF VGKNYGKUG JÒDUEJGP 'TJCNVWPIGP DKVVG DGUKEJVK IGP 5VÒEM /GKUV UGJT UEJÌP WPF DGUUGT

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&KXGTUG 6CNGT FGU ,CJTJWPFGTVU XQP $TCPFGPDWTI #PUDCEJ Z $TCWPUEJYGKI 9QNHGPDÒVVGN

Z *QJGPNQJG 4GWUU 5CEJUGP Z 5EJYCT\DWTI WPF 9ÒTVVGODGTI 1GNU &C\W 'KPG .CWGTUEJG 0CEJRT·IWPI GKPGU U·EJUKUEJGP 6CNGTU *QEJKPVGTGUUCPVGU .QV DKVVG DGUKEJVKIGP 5VÒEM #NNG OKV MN (GJNGTP OGKUV UGJT UEJÌP

&KXGTUG YGUVH·NKUEJG -WRHGTOÒP\GP XQP *GTHQTF Z /ÒPUVGT Z 1UPCDTÒEM Z WPF 4CXGPUDGTI OKV )GIGPUVGORGN &C\W /CTKGPITQUEJGP Q , FGT 5VCFV *GTHQTF 5VÒEM )GNQEJV Z OGKUV UGJT UEJÌP

&KXGTUG -NGKPOÒP\GP FGU ,CJTJWPFGTVU XQO -W 2HGPPKI DKU \WO /CTKGPITQUEJGP FCTWPVGT XKGNG 5VÒEMG FGU PQTFFGWVUEJGP 4CWOGU &C\W GKPKIG GWTQR·KUEJG -NGKPOÒP\GP +PVGTGUUCPVGU .QV OKV 5GNVGPJGKVGP DKVVG DGUKEJVKIGP 5VÒEM /GKUV UGJT UEJÌP

$C[GTP -QPX 6CNGT /ÒPEJGP /CPPJGKO HÒT FKG 4JGKPRHCN\ /ÒPEJGP -QPX 6CNGT /ÒPEJGP /ÒPEJGP -TQPGPVCNGT 2TGWGP 8GTGKPUFQRRGNVCNGT # 5CEJUGP -QPX 6CNGT 5)* #WUDGWVG $GNIKGP (TCPEU )TQDTKVCPPKGP %TQYP /CKNCPF 6GUVQPG Q , )CNGC\\Q /CTKC 5HQT\C &WECVQPG 5VÒEM 'KPKIG OKV MNGKPGP (GJNGTP UEJÌPpUGJT UEJÌP

*CPCW /ÒP\GPDGTI 2JKNKRR /QTKV\ 6GUVQP ,CJTGU\CJN KO 5VGORGN CWU IG·P FGTV /CPUHGNF *KPVGTQTVKUEJG .KPKG 8QNTCV 8 ,QJCPP + WPF -CTN + 6CNGT

6QTPCW /ÒP\\GKEJGP 9GKPVTCWDG 4&4 'T\JGT\QI (GTFKPCPF )WNFGPVCNGT -TGW\GT *CNN &CX 5VÒEM /KV (GJNGTP HCUV UGJT UEJÌP

5COONWPI XQP /ÒP\GP FGU ,CJTJWPFGTVU XQO 2HGPPKI DKU \WO 6CNGT FCTWPVGT ÒDGTYKGIGPF /ÒP\GP FGT *CDUDWTIKUEJGP 'TDNCPFG CDGT CWEJ CNVFGWVUEJG )GDKGVG WPF GKPKIG GWTQR·KUEJG 2T·IWP IGP &C\W GKPKIG 0CEJRT·IWPIGP CPVKMGT WPF PGW\GKVNKEJGT /ÒP\GP *QEJKPVGTGUUCPVGU .QV DKVVG DG UKEJVKIGP 5VÒEM +P #NDGP 'KPKIG OKV (GJNGTP UEJÌPpUGJT UEJÌP

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$TCWPUEJYGKI 9QNHGPDÒVVGN /CTKGPITQUEJGP *CNDGTUVCFV 6CNGT )TQUEJGP *KN FGUJGKO /CTKGPITQUEJGP 1UPCDTÒEM 6CNGT )TQUEJGP 5CEJUGP 6CNGT &C\W *CDUDWTIKUEJG 'TDNCPFG -TGW\GT 5VÒEM 5GJT UEJÌP

&KXGTUG CNVFGWVUEJG /ÒP\GP FGU ,CJTJWPFGTVU XQO -W 2HGPPKI DKU \WO 6CNGT W C *CPCW /ÒP\GPDGTI 6CNGT Q , &CX ,ÒNKEJ $GTI -QPX 6CNGT &CX -ÌNP 6CNGT &CX FKXGTUG $TQVOCTMGP XQP 'NDGTHGNF WPF -ÌNP GVE +PVGTGUUCPVGU .QV DKVVG DGUKEJVKIGP 5VÒEM 5EJÌPpXQT\ÒINKEJ

5CEJUGP 4GKEJUVCNGT CWH FCU 8KMCTKCV &CX 6CNCT +$ HÒT FCU *GT\QIVWO 9CTUEJCW

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499

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