XjjX
·ØÖÅØÉËÝ

¸ÌÉÖÉwÅÖÉw×ÓwÑÅÒÝwÈÍÊÊÉÖÉÒØwÛÅÝ×wØÓwÔÐÅÝw¸ÖÅÈÉÛÅÖ×wØÌÅØwØÓwØÖÝwÅÒÈwÇÓÑÔÍÐÉw
ÅÐÐwØÌÉwÈÍÊÊÉÖÉÒØw×ØÖÅØÉËÍÉ×wÌÉÖÉwÛÓÙÐÈwÆÉwÊÖÙÍØÐÉ××’w­ÊwÝÓÙwÖÉÅÈwØÌÉwÉÒØÍÖÉw
ËÙÍÈÉwÝÓÙw×ÌÓÙÐÈwÌÅÚÉwÅwÔÖÉØØÝwËÓÓÈwÍÈÉÅwÅÆÓÙØwÌÓÛwØÓwËÓwÅÆÓÙØwØÌÉwËÅÑÉ’w
¸ÌÉwÑÓ×ØwÍÑÔÓÖØÅÒØwØÌÍÒËwÍ×wËÉØØÍÒËwÅwËÖÓÙÔwÓÊwÔÐÅÝÉÖ×wØÓËÉØÌÉÖw¦©ª³¶©wØÌÉw
ËÅÑÉw×ØÅÖØ×wÅÒÈwÅ××ÍËÒwØÅ×Ï×’w­ØwÍ×w²³¸wÖÉÇÓÑÑÉÒÈÉÈwØÌÅØwÝÓÙwÔÐÅÝw×ÓÐÓwÍÒw
ÅÒÝwËÅÑÉwØÌÅØwÅÐÐÓÛ×wÑÓÖÉwØÌÉÒwxwÓÒwÅwÇÓÖÔ’w»ÌÍÐÉwÍØwÍ×Ò‹ØwÒÉÇÉ××ÅÖÝwØÓwÌÅÚÉw
ÅwÇÓÑÔÐÉØÉwÇÓÖÔwŒÅÐÐw×ÐÓØ×wÙ×ÉÈwÍØwÍ×wÖÉÇÓÑÑÉÒÈÉÈ’w×ÓwÊÓÖwØÌÉw×ÅÏÉwÓÊwÅÒw
ÉÜÅÑÔÐÉwÌÉÖÉwÍ×wÅw×ØÅÒÈÅÖÈw×ØÖÅØÉËÝwØÓwÔÐÅÝw¸ÖÅÈÉÛÅÖ×wÛÍØÌwØÌÉwËÓÅÐwÓÊwÒÓØw
ÓÒÐÝw×ÙÖÚÍÚÍÒËwÆÙØwÆÉÍÒËwÇÓÑÔÉØÍØÍÚÉž

·ÔÐÍØw§ÓÖÔ

¸ÉÅÑw×ÍÞÉžw™wŒÊÓÖwÉÜÅÑÔÐÉ

ªÍÖ×ØwØÌÍÒËwÍ×wÔÍÇÏwÅw§©³wØÌÍ×wÔÐÅÝÉÖw×ÌÓÙÐÈwÌÅÚÉwÅwËÓÓÈwÛÓÖÏÍÒËwÏÒÓÛÐÉÈËÉw
ÓÊw¸ÖÅÈÉÛÅÖ×w¥²¨wÌÓÛwØÓwÌÅÒÈÐÉwØÌÉwÈÅÝwØÓwÈÅÝwØÅ×ÏwÓÊwÏÉÉÔÍÒËwØÌÉwÇÓÖÔw
ÖÙÒÒÍÒËw×ÑÓÓØÌ’

²ÉÜØwÝÓÙwÛÍÐÐwÒÉÉÈwØÓw×ÔÐÍØwÙÔwÈÙØÍÉ×wØÌÍ×wÍ×wÛÌÉÖÉwØÌÉwËÅÑÉwÑÅÝwÛÉÐÐwÆÉw
ÛÓÒwÓÖwÐÓ×ØwÊÓÖwÝÓÙÖwØÉÅÑ’w½ÓÙwÒÉÉÈw—wÉÚÍÐ×wÅÒÈw–wËÓÓÈ×’w½ÓÙwÛÍÐÐwÒÉÉÈwØÓw
ÊÍÒÈwØÌÉwÔÐÅÝÉÖ×wØÌÅØwÌÅÚÉwØÌÉwÆÉ×ØwÅÆÍÐÍØÝwØÓwÔÐÅÝwÉÚÍÐwÅÒÈwØÌÅØ‹×wÛÌÅØw
ØÌÉÝwÈÓw±¥¯©w§¥·¬wŒ×ÉÉw´ÐÅÝÍÒËw†©º­ywØÌÉwÓØÌÉÖw–wÔÐÅÝÉÖ×wÛÍÐÐwÇÓÐÓÒÍÞÉwÅw
ÆÙÆÆÐÉwŒ×ÉÉw´ÐÅÝÍÒËw†«³³¨†wÅÒÈwØÓw×ÌÍÔwÖÉÊÙÖÆ×’w¸ÌÍ×wÖÉÕÙÍÖÉ×w–w×ÉÔÅÖÅØÉw
ÇÓÖÔ×wÛÓÖÏÍÒËwÅ×wÅw×ÍÒËÐÉwØÉÅÑwÍÒwØÌÉw×ÅÑÉwÅÖÉÅwŒÅØwÐÉÅ×ØwÍÒwØÌÉwÆÉËÍÒÒÍÒËw

¥ÊØÉÖwØÌÉwÊÍÖ×ØwÇÓÙÔÐÉwÓÊwÈÅÝ×wŒ×ÉÉw·ØÅÖØÍÒËw¸ÌÉw«ÅÑÉwÝÓÙwÛÍÐÐwÛÅÒØwØÓw
×ØÅÖØwÆÙÍÐÈÍÒËwÝÓÙÖwØÉÅÑwÆÙÆÆÐÉwŒ×ÉÉw´ÐÅÝÍÒËw†«³³¨†wÅÒÈwÈÉÊÉÒÈÍÒËwÍØwÝÓÙÖw
ÉÚÍÐwÔÐÅÝÉÖ×wÛÍÐÐwÆÉwÑÅÏÍÒËwÇÅ×ÌwÛÌÍÐÉwØÌÉwËÓÓÈwÔÐÅÝÉÖ×wÅÖÉwÔÐÅÒÉØwÊÅÖÑÍÒËw
ÇÓÐÓÒÍÞÍÒËwÅÒÈwÖÉÊÙÖÆÍÒËw×ÌÍÔ×’w

¸ÌÉwÆÉ×ØwÛÅÝwØÓwÖÉÊÙÖÆw×ÌÍÔ×wÍ×wÆÙÝwÌÅÚÍÒËwÝÓÙÖwËÓÓÈ×wÆÙÝw±ÉÖÇÌÅÒØw
ªÖÉÍËÌØÉÖ×wÅØw×ØÅÖÈÓÇÏwÅÒÈwwØÛÅÖÔwØÓÛwØÌÉÑwÍÒØÓwØÌÉwÆÙÆÆÐÉ×wÅÒÈwÌÅÚÉwØÌÉw
ÉÚÍÐ×wÈÉ×ØÖÓÝwØÌÉÑwÛÌÍÐÉwØÌÉÝwÅÖÉwÍÒwØÌÉÍÖw··¸wŒÇÓÐØ×w×ÌÍÔwÅÒÈwËÅÍÒwØÌÉw
ÌÓÐÈ×wÓÊÊwØÌÉw×ÌÍÔ×wŒØÌÍ×wÇÅÒwÆÉwÈÓÒÉwÛÍØÌwÑÙÐÉ×wÅ×wÛÉÐÐwÊÓÖwÐÅÖËÉÖwÅÑÓÙÒØ×w
ÓÊwÌÓÐÈ×

­wØÌÍÒÏwÛÌÉÒwÝÓÙwÅÖÉwÊÍÖ×Øw×ØÅÖØÍÒËwÓÊÊwÝÓÙwÏÉÉÔwÅwÐÓÛwÔÖÓÊÍÐÉwÝÓÙÖwÇÓÖÔw
×ÌÓÙÐÈÒ‹ØwÈÖÅÛwÙÒÛÅÒØÉÈwÅØØÉÒØÍÓÒwØÓwÍØ×ÉÐÊwÆÝwØÅÐÏÍÒËw†×ÑÅÇÏ†wÓÚÉÖwÊÉÈÇÓÑw
ÓÖwÆÝwÛÅÜÍÒËwØÓÐÐwÊÍËÌØÉÖ×’wÆÉ×ØwØÓw×ØÅÝwÕÙÍÉØwÔÐÅÝwÝÓÙÖwËÅÑÉwÔÅÝwØÌÉw
ØÓÐÐ×wÅÒÈwÅÇÕÙÍÖÉwÅ××ÉØ×wØÌÉÒw×ØÓÑÔwØÌÉwÉÒÉÑÝ’

¸ÌÉwÖÉ×ØwÇÓÑÉ×wÅ×wÝÓÙwÔÐÅÝwÛÌÍÇÌwÍ×wØÌÉwËÖÉÅØwÔÅÖØwÅÆÓÙØw¸ÖÅÈÉÛÅÖ×wÝÓÙw
ÛÍÐÐwÌÅÚÉwØÓwÅÈÎÙ×ØwÓÒwØÌÉwÊÐÝ’w®Ù×ØwÖÉÑÉÑÆÉÖwØÌÅØwÑÓ×ØwËÓÓÈwÔÐÅÝÉÖ×wØÅÏÉw
ËÖÉÅØwÎÓÝwÍÒwÏÍÐÐÍÒËwÓÊÊwÐÓÙÈwÑÓÙØÌ×wÏÉÉÔwÝÓÙÖwÌÉÅÈwÐÓÛwÅÒÈwÝÓÙw×ÌÓÙÐÈwÆÉw
³¯’wyÉØwØÌÉw†ÔÓÛÉÖ×wØÌÅØwÆÉ†wÊÍËÌØwÍØwwÓÙØwÆÉØÛÉÉÒwØÌÉÑ×ÉÐÚÉ×wÅÒÈwØÌÉÒwÛÅÐÏw
ÍÒwÅÒÈw×ÛÉÉÔwÙÔwØÌÉwÅ×ÌÉ×’

­ÊwÝÓÙwÖÉÅÈwØÌÍ×wËÙÍÈÉwÝÓÙwÛÍÐÐwÌÅÚÉwÅwÔÖÉØØÝwËÓÓÈwÍÈÉÅwÓÊwÛÌÅØwØÓwÈÓwÍÒwØÌÉw
ËÅÑÉwØÌÉwÖÉ×ØwÍ×wÙÔwØÓwÝÓÙ’w¸ÖÅÈÉÛÅÖ×wÅÒÈwÆÉÍÒËwËÓÓÈwÅØw¸ÖÅÈÉÛÅÖ×wÍ×w”‰w
ÈÉÈÍÇÅØÍÓÒwÍÊwÝÓÙwØÅÏÉwØÌÍ×wÏÒÓÛÐÉÈËÉwØÓwØÌÉwËÅÑÉwÅÒÈw×ØÅÝwÈÉÈÍÇÅØÉÈwÉÚÉÒw
ÍÊwÝÓÙw×ÙÊÊÉÖwÑÅ××ÍÚÉw×ÉØwÆÅÇÏ×wÝÓÙwÛÍÐÐwÆÉÇÓÑÉwÅwËÓÓÈwÔÐÅÝÉÖ’w½ÓÙwÛÍÐÐw
ÇÓÑÉwÙÔwÛÍØÌw×ÌÓÖØwÇÙØ×wØÌÅØw×ÅÚÉwØÙÖÒ×wÅÒÈwØÙÖÒ×wÉÕÙÅÐwÇÅ×ÌwØÌÅØ‹×wÌÓÛwÝÓÙw
ÆÉÇÓÑÉwËÖÉÅØwØÙÖÒwÑÅÒÅËÉÑÉÒØ’