ÊÅÂÚÊ
]<O?D<EACI=?:!=EMA>³
¹ "@W`?=W;m=][:]`W>;[>öb:\`mõö;[=:<;[=
aöõ;mb·:;õ:@[=W>m=][[>:]ö>;W=WW=õöYö;:ö
][QWda[õ[Q>:\:_a[µ![õ[õö;[=[<=Wk;W<=;[
[>:]ö>;W=WW=õöYö;:ö\Wböõ[<öQ>W\ö;Gµ
¹ "@W`?=W;m=][:]`W>;[>öb:\`mõö;[=:<;[=
aöõ;mb::]d[@[=öaQ>WõmYbö;:ö;[Ì<ö@?;õ:·
<Yöõ=Wa[>öb:\m=][`m>]WW^Y[bõ[;öpö
`mõöW=\ö;ö;:W^Y[õ:=öY;W=WW=õöYö;:ö
][QWda[õ[[?;@F:W;:>[<Q>öõ:e;W
][õ[õö;:=ö<=Wk;W<=:µ
¹ "@W`?=W;m=][:]`W>;[b:\`mõö;[=:<;[=õa[Qm=::<Yöõ=Wa[`mõö;[=:<;[=[
WQ>ö��öYö;[=[<=Wk;W<=·õW@[=W :;õ:@[=W>m= Q>:\:_a[·<Yöõ =Wa[ WQ>öõöYö;[=[
<=Wk;W<=\Wböõ[<öQ>W\ö;:: [@W<ö:]d[@[a Q>WõmYbö;:ö;[Ì<ö@?;õ:·<Yöõ
=Wa[][W^Y[õ:=öY;W=WW=õöYö;:ö][QWda[õ[>[`W=:<=[]:<=Wk;W<=µ
¹ "@W `?=W;m= ][ :]`W> ;[ >öb:\`mõö ;[=:<;[= Ú Qm=:· ][QWda[õ[ Q>:\:_a[
:;õ:@[=W>m=][:@W;W\:dö;>öb:\µ"@W:]d[@[=öaQ>WõmYbö;:ö;[Ì<ö@?;õ:·<Yöõ
=Wa[>öb:\m=][`m>]WW^Y[bõ[;öpö`mõöW=\ö;ö;:pö<ö[@=:a:>[:@W;W\:dö;
b:\µ
¹ "@W`?=W;m=][:]`W>;[>öb:\`m õö;[=:<;[=dö=:>:Qm=:·][QWda[õ[Q>:\:_a[
:;õ:@[=W>m=][ >öb:\[@[;F:Gòµ "@W :]d[@ [=öa Q>WõmYbö;:ö ;[ Ì <ö@?;õ:·
<Yöõ=Wa[>öb:\m=][`m>]WW^Y[bõ[;öpö`mõöW=\ö;ö;:pö<ö[@=:a:>[>öb:\
[@[;F:Gòµ
SC
-
l=EJ<=UQADEG:A:?KD=<SOAC?DE>JE=?DP=?:?<FG?NADEG:<D<<DNEGE:AE
a<H?N?KE:?KD=<BDÇqUD=ER:?DE>JE=?DP=?
W_[=W<ö<m^>[;Ga[\[Y@W@WY:dö<=aW^>[;[µ ÒÑO¯·ÒÛO¯
c>:;W>\[Y;[?QW=>ö`¼
O¯·ÒÌO¯·ÒËO¯·
W_[=W<ö<m^>[;Ga[_WYG\W@WY:dö<=aW^>[;[µ ÒÚO¯·ÒÅO¯
¹ ![W^Y[bõ[;ö;[_W=Wa:^>[;:Q>öõ:
@W;<?\:>[;ö=W:\
¹ ![W^Y[bõ[;ö:���<m^>[;Ga[;ö;[_WYG\W
@WY:dö<=aW^>[;[
¹ ![`m>]WW^Y[bõ[;ö;[;[Q:=@:
hiZjf"#!
os"i"fh
rEGEMO?³öb:\m= #m>]W W^Y[bõ[;öpö `mõö ][am>eö; ;[kÊ@m<;W <Yöõ
ÚQ?K?:Y: @W_[=W=ö\Qö>[=?>[=[;[ W^Y[bõ[p:G<ö;]W>õW<=:_;ö <=Wk;W<=
][õö[@=:a:>[;öµc>:d:;[=[][W_>[;:d[a[;ö;[=W]:<>W@ö;öW`^Wõ:\W<==[
õ[<ööY:\:;:>[>:<@m=W=][\>m]a[;ö;[^>[;:·@Wö=W\Wböõ[ am];:@;öW=
<:Y;:=ö^[>[@=ö>:<=:@:;[W^Y[bõ[;ö;[>öb:\[][`m>]WW^Y[bõ[;öµ"@W
;[Q:=@:=ö·QW<=[aö;:aW^Y[õ:=öY;W=WW=õöYö;:ö·<[Q>ö@[Yö;W_W>öp:·=ö]:
;[Q:=@:·@W:=W;ö\Wböõ[;öõW<=:_;[=böY[;[=[<=?õö;:;[·@W_[=W>öb:\m=
ö][am>eö;µ=W]:<Y?d[k·>öb:\m=\Wböõ[`mõö[@=:a:>[;QWa=W>;Wµ