ࡱ> hjWXYZ[\]^_`abcdefg[bjbj3ΐΐ1||++++/\ +Dzj9j9j9j9j9E:E:E:BBBBBBB$@FHHBE:E:E:E:E:Bj9j9DBBBE:j9j9BBE:BBBBj96\+@~BBD0DB*IcB"*IB*IB E:E:BE:E:E:E:E:BBBE:E:E:DE:E:E:E:*IE:E:E:E:E:E:E:E:E:|( :"   !"/ / / #  #   ',#. (# !+  ! #,"# + :=830 / #'"/ >A:20 5@2>5 A5=BO1@O 2001 # 372.82  74.200.25 / > 1;03>A;>25=8N !2OB59H53> 0B@80@E0 >A:>2A:>3> 8 2A5O CA8 ;5:A8O II 5:><5=4>20=> >>@48=0F8>==K< A>25B>< . ?> 2708<>459AB28N 8=8AB5@AB20 >1@07>20=8O >AA88 8 >A:>2A:>9 0B@80@E88 CAA:>9 @02>A;02=>9 &5@:28 !5@8O "/ 84C =0 C@>:" >A=>20=0 2 1998 3. 1I0O @540:F8O ?>4A5@88 A=>2K ?@02>A;02=>9 :C;LBC@K <>=0E0 8?@80=0 (/I5=:>) 540:B>@-A>AB028B5;L . . !<>;L=8:>20 5F5=75=B 85@59 >@8A 52H5=:> / 84C =0 C@>: 2 =0G0;L=CN H:>;C: / :C;LBC@K; =830 4;O CG8B5;O. - .: A5=BO1@O, 2001. - 256 A. 18 5-8246-0058-9 A=>2K ?@02>A;02=>9 740B5;LAB2> 5@2>5 !1>@=8: 2:;NG05B >@838=0;L=K5 @07@01>B:8 C@>:>2 8 ?@074=8G=KE AF5=0@852 ?> >A=>20< ?@02>A;02=>9 :C;LBC@K, 0 B0:65 N@848G5A:89 <0B5@80;, 40NI89 ?@>3@0<<=K5 >A=>20=8O 4;O 22545=8O MB>3> ?@54<5B0 2 H:>;L=K5 ?@>3@0<<K. =830 1C45B ?>;57=0 CG8B5;O< >1I5>1@07>20B5;L=KE 8 2>A:@5A-8KE H:>;, ?@02>A;02=KE 38<=0789, 0 B0:65 @>48B5;O<, 65;0NI8< 2>A?8BK20BL 45B59 2 4CE5 ?@02>A;02=>3> 1;03>G5AB8O. # 372.82  74.200.25 I8N 5.8246-0068-9 740B5;2532> 5@2>5 A5=BO1@O*. 2001  B @540:F88 K 45@68B5 2 @C:0E ?5@2K9 A1>@=8: <0B5@80;>2 4;O 70=OB89 ?> A=>20< ?@02>A;02=>9 :C;LBC@K A 45BL<8 <;04H53>-H:>;L=>3> 2>7@0AB0. 'B> MB> - =>2K9 H:>;L=K9 ?@54<5B 8;8 F8:; 15A54 > @02>A;0288, A2O70==K9 A <5@>?@8OB8O<8, ?>A2OI5==K<8 ?@074=>20=8N 2000-;5B8O >645AB20 %@8AB>20? C<05BAO, GB> >B25BK =0 2>7<>6=K5 =54>C<5==K5 2>?@>AK A>45@60BAO 2 B5:AB0E A1>@=8:0. !53>4=O 1>;55 G5< 2 20 @538>=0E >AA88 ?@54<5B A=>2K ?@02>A;02=>9 :C;LBC@K (5ABL 8 4@C385 20@80=BK 2 =0720=88 ?@54<5B0) 22545= 2 @538>=0;L=K9 :><?>=5=B CG51=>3> ?;0=0. <5NBAO BKAOG8 @>AA89A:8E H:>;, 345 ?> ?@>AL15 @>48B5;59 MB>B CG51=K9 ?@54<5B ?@8ACBAB2C5B 2 @0A?8A0=88 C@>:>2 =0 ?@020E H:>;L=>3> :><?>=5=B0 1078A=>3> A>45@60=8O >1@07>20=8O. > 40==K< ?>A;54=8E A>F8>;>38G5A:8E 8AA;54>20=89, >:>;> 80 ?@>F5=B>2 @>AA8O= AG8B0NB A51O ?@02>A;02=K<8, >;55 B>G=> 8=B5@?@5B8@CO MB8 40==K5, <>6=> A:070BL, GB> <K 6825< 2 ?@02>A;02=>9 AB@0=5, 345 ?>402;ONI0O G0ABL 3@0640= :@5I5=0, => =5 ?@>A25I5=0. @02>A;02=>5 <8@>2>77@5=85, E@8AB80=A:85 F5==>AB8 ?@>=87K20NB 2AN @>AA89A:CN :C;LBC@C, 8AB>@8N, =0@>4=K5 B@048F88, ?>MB><C 157 87CG5=8O >A=>2 @02>A;028O =52>7<>6=> ?>=8<0BL A<KA; <=>38E ;8B5@0BC@=KE 8 <C7K:0;L=KE ?@>-87L545=89, EC4>65AB25==KE ?>;>B5=, =52>7<>6=> 1KBL :C;LBC@=K< 8 ?>;=>F5==> >1@07>20==K< G5;>25:>< - =52>7<>6=> ;N18BL >AA8N, =5 7=0O B>3>, GB> =0E>48BAO 2 35=5B8G5A:>9 ?0<OB8 =0@>40. 0==>5 ?>A>185 405B N@848G5A:CN :>=AC;LB0F8N 8 ?@>3@0<<=K5 >A=>20=8O 4;O 22545=8O ?@54<5B0 A=>2K  ?@02>A;02=>9 :C;LBC@K" 2 20H5< CG51=>< 8 2>A?8B0B5;L=><) 702545=88. . | > 5A;8 MB> =5 ?>;CG05BAO 2 A8;C :0:8E-;81> ?@8G8=, B> <>6=> ?@>AB> ?@>25AB8 A 45BL<8 F8:; 15A54 > @02>A;0288 ,2 ;N1>5 ?>4E>4OI55 4;O MB>3> 2@5<O. 'B> <>65B MB><C ?@5?OBAB2>20BL? 8@5:B>@ 8;8 :B>-B> 5I5 2KH5, 1>OI85AO >1845BL 8=>25@F0 8;8 ?>2@548BL 25:>2CN AB5=C >B40;5==>AB8 H:>;K >B &5@:28. 1KG=> 70 MB8<8 0@3C<5=B0<8 :@>5BAO - ?><8<> =5:><?5B5=B=>AB8 2 N@848G5A:8E 2>?@>A0E 22545=8O :C;LBC@>;>38G5A:>3>, 0 =5 25@>CG8B5;L=>3> CG51=>3> :C@A0 - 8A?>;L7>20=85 04<8=8AB@0F859 A;C651=>3> ?>;>65=8O 2 =0@CH5=85 459AB2CNI8E 70:>=>2.  ?>4>1=KE A;CG0OE A;54C5B >1@0I0BLAO 2 >>@48=0F8>==K9 A>25B ?> 2708<>459AB28N 8=8AB5@AB20 >1@07>20=8O >AA88 8 >A:>2A:>9 0B@80@E88 CAA:>9 @02>A;02=>9 &5@:28. I5 1>;55 7=0G8B5;L=K< ?@5?OBAB285< 4;O ?@>2545=8O 70=OB89 A 45BL<8 O2;O5BAO >BACBAB285 C A0<>3> ?5403>30 4>AB0B>G=>9 :20;8D8:0F88 ?> 40==><C ?@54<5BC, ?>2KA8BL :>B>@CN ;CGH5 2A53> 2 :045<88 ?>2KH5=8O :20;8D8:0F88, 345 <>6=> B0:65 ?>;CG8BL 8 A5@B8D8:0B 8=8AB5@AB20 >1@07>20=8O ?> ?@54<5BC A=>2K ?@02>A;02=>9 :C;LBC@K. >6=> >@30=87>20BL B0:>9 A5<8=0@ =0 1075 20H53> @538>=0;L=>3> , ?548=AB8BCB0 8;8 <56H:>;L=>3> <5B>48G5A:>3> >1J548=5=8O. A;8. 45B8 7040NB 2>?@>A, =0 :>B>@K9 =5B >B25B0? @5?>4020B5;N =5 AB>8B 1>OBLAO A;>6=KE 2>?@>A>2, :>B>@K5 <>3CB 704020BL 45B8. !;54C5B ?>43>B>28BL >B25B : ?>A;54CNI8< C@>:0<. 0 MB> 2@5<O <>6=> ?>A<>B@5BL 4CE>2=CN ;8B5@0BC@C ;81> ?@>:>=AC;LB8@>20BLAO C A2OI5==8:0 8;8 G5;>25:0, 8<5NI53> 1>3>A;>2A:>5 >1@07>20=85. .. 0G5< =0H8< 45BO< MB>B ?@54<5B? #G51=K9 :C@A A=>2K ?@02>A;02=>9 :C;LBC@K" <>65B ?@5?>4020BLAO 2 @538>=0;L=>< 8 H:>;L=>< :><?>=5=B5, 1KBL D0:C;LB0B82=K< 70=OB85< 8;8 F8:;>< 4CE>2=>-=@02AB25==KE 15A54, B0:65 2>7<>6=> 8A?>;L7>20BL <0B5@80;K :C@A0 2 4@C38E CG51=KE 48AF8?;8=0E :0: D@03<5=BK C@>:0. ?KB ?@>2545=8O 70=OB89 ?> A=>20< ?@02>A;02=>9, :C;LBC@K ?>:07K205B, GB> MB8 70=OB8O A?>A>1AB2CNB CAB0=>2;5=8N 4CE>2=>9, B2>@G5A:>9 0B<>AD5@K 2 :;0AA0E, A>1AB25==><C 4CE>2=><C A>25@H5=AB2>20=8N CG8B5;O, CG0I8EAO 8 8E @>48B5;59, @0728B8N A>25AB8 8 2KA>:>=@02AB25==>9 3@0640=A:>9 ?>78F88 45B59, 2>A?8B0=8N C =8E 1;03>@07C<=KE AB@5<;5=89 : 4>1@>45B5;O< 8 65;0=8O A ?><>ILN >6859 >4>;5BL A2>8 ?>@>:8.  4>1@K9 ?CBL, 4>@>385 ?5403>38, ?> ?CB8, 254CI5<C 2 B@5BL5 BKAOG5;5B85 >B >645AB20 %@8AB>20! >=0E   (/I5=:>), 3;02=K9 @540:B>@ 3075BK >A:@5A=0O H:>;0", 45:0= ?5403>38G5A:>3> D0:C;LB5B0 @02>A;02=>3> !2OB>-"8E>=>2A:>3> >3>A;>2A:>3> 8=AB8BCB0, @C:>2>48B5;L @01>G59 3@C??K >>@48=0F8>==>3> A>25B0 8=8AB5@AB20 >1@07>20=8O >AA88 8 >A:>2A:>9 0B@80@E88 CAA:>9 @02>A;02=>9 &5@:28, :0=4840B ?5403>38G5A:8E =0C: B25BK 0B@80@E0 >A:>2A:>3> 8 2A5O CA8 ;5:A8O II =0 2>?@>AK 3075BK >A:@5A=0O H:>;0 - 0:85 7040G8 ?@8720=0 @5H0BL CAA:0O @02>A;02=0O &5@:>2L 2 >1;0AB8 :0B5E870F88. @5;838>7=>3> >1@07>20=8O 8 ?@>A25B8B5;LA:>9 45OB5;L=>AB8 2 =0G0;5 B@5BL53> BKAOG5;5B8O 8 G5< >=8. ?@8=F8?80;L=> >B;8G0NBAO >B 7040G, AB>O2H8E ?5@54 &5@:>2LN 2> 2B>@>< BKAOG5;5B88? -  3;02=><, :>=5G=>, 7040G0 &5@:28 >AB05BAO =587<5==>9. 0 2A5 25:0 >=0 >?@545;O5BAO 25;8:8< ?>@CG5=85< >A?>40 8ACA0: 48B5 ?> 2A5<C <8@C 8 ?@>?>254C9B5 20=35;85 2A59 B20@8 (:. 16, 15). 4=0:> <8@, 2 :>B>@>< &5@:>2L >ACI5AB2;O5B A2>N A?0A8B5;L=CN <8AA8N, <5=O5BAO.  A2O78 A MB8< =5 <>3CB >AB020BLAO =587<5==K<8 8 A@54AB20 <8AA88. 0 ?@>BO65=88 1>;LH59 G0AB8 2B>@>3> BKAOG5;5B8O @02>A;0285 70=8<0;> 3>A?>4AB2CNI55 ?>;>65=85 2 >AA88 8 1K;> 2> <=>38E >B=>H5=8OE B5A=> A2O70=> A 3>AC40@AB25==>ABLN. >;LH8=AB2> @CAA:8E ;N459 >B @>645=8O A0<8< C:;04>< 87=8 2>A?8BK20;>AL 2 ?@02>A;02=>9 25@5 - E>BO 2@O4 ;8 A;54C5B ?5@5>F5=820BL CA?5H=>ABL MB>3> 2>A?8B0=8O 2> 2A5E  A;CG0OE. "> 65 A0<>5 <>6=> A:070BL > =0@>40E =5:>B>@KE 4@C38E 3>AC40@AB2, A>AB02;ONI8E =K=5 :0=>=8G5A:CN B5@@8B>@8N =0H59 &5@:28. "5?5@L <K 6825< 2 A5:C;O@87>20==><, ?;N@0;8AB8G5A:>< >1I5AB25, :>B>@>5 2:;NG05B 25@CNI8E 8 =525@CNI8E, ?@02>A;02=KE 8 ?>A;54>20B5;59 8=KE :>=D5AA89 8 @5;8389. K 4>;6=K ?@8=8<0BL 2A5@L57 MBC @50;L=>ABL, 0 =5 ?@>2>48BL 2@5<O 2 <5GB0E >1 CH54H5<. 0, CAA:0O @02>A;02=0O &5@:>2L 8 =K=5 O2;O5BAO &5@:>2LN 1>;LH8=AB20 =0A5;5=8O AB@0=K, ?>A:>;L:C 4> 80 ?@>F5=B>2 @>AA8O= :@5I5=K 2 ?@02>A;02=>9 25@5. 0, : 3>;>AC &5@:28 <=>385 A53>4=O ?@8A;CH820NBAO. 4=0:> =04> A>7=020BL, GB> ;N459 ?>-=0AB>OI5<C 2>F5@:>2;5==KE, 687=L 8 ?>ABC?:8 :>B>@KE >?@545;ONBAO 8E 25@>9 8 ?@8=04;56=>ABLN : @02>A;02=>9 &5@:28, =0<=>3> <5=LH5.  <8@>2>77@5=88 >AB0;L=KE 25@0 70=8<05B, <>65B 1KBL, ?>G5B=>5, => 40;5:> =5 ?5@2>AB5?5==>5 <5AB>.  &5@:28 >=8 2A?><8=0NB 3;02=K< >1@07>< B>340, :>340 ?@>8AE>4OB @>645=85 @515=:0, A204L10, ?>E>@>=K 1;87:>3> G5;>25:0... -B> 7=0G8B, GB> <K ?@8720=K : 1>;55 0:B82=K< CA8;8O< ?> 4CE>2=><C ?@>A25I5=8N =0@>40. !53>4=O =5;L7O >3@0=8G820BLAO A>25@H5=85< 1>3>A;C65=89, 0 2 >AB0;L=>5 2@5<O ?@>AB> A845BL 8 640BL, :>340 ?@84CB ;N48. &5@:>2L 4>;6=0 A0<0 84B8 : =8< - 2 ;8F5 ?0ABK@59, :0B5E870B>@>2, <8AA8>=5@>2. !>1AB25==>, 8<5==> MB> 8 ?>25;5; =0< !?0A8B5;L. = 254L =5 A:070;: ?>A848B5 8 ?>4>648B5, 0 - 848B5, =0CG8B5 2A5 =0@>4K (D. 28, 19). ><=8B5, 5I5 AB0@5F >A8<0 C >AB>52A:>3> 3>2>@8; ?0ABK@O<: "A;8 2K 70A=5B5 2 ;5=8 8 2 1@573;82>9 3>@4>AB8 20H59, 0 ?CI5 2 :>@KAB>;N188, B> ?@84CB A> 2A5E AB>@>= 8 >B>1LNB C 20A AB04> 20H5. ">;:C9B5 =0@>4C 20=35;85 =5CAB0==>... @8G5< >G5=L 206=> B>;:>20BL =0@>4C 20=35;85 =0 O7K:5, ?>=OB=>< 8 4>ABC?=>< ;N4O<. C6=> C<5BL A2O7K20BL =5?@5E>4OI85 8AB8=K A;>20 >68O A B5<, GB> 2>;=C5B ;N459 8<5==> A53>4=O, 3>2>@8BL > ?@54<5B0E, 8<5NI8E ?@O<>5 >B=>H5=85 : 687=8. >2>@O A;>20<8 0?>AB>;0 02;0, ?0ABK@L 8 ?@>?>254=8: 4>;65= 4;O 2A5E A45;0BLAO 2A5<, GB>1K A?0AB8 ?> :@09=59 <5@5 =5:>B>@KE (1 >@. 9, 22). - 0 :0:8E >A=>20E AB@>OBAO A53>4=O >B=>H5=8O &5@:28 8 3>AC40@AB20 2 >1;0AB8 >1@07>20=8O? - 045NAL, GB> F5@:>2=>-3>AC40@AB25==>5 2708<>459AB285 2 AD5@5 >1@07>20=8O 1C45B >A=>2K20BLAO =0 >B:@KB>AB8, 4>25@88, ?>=8<0=88 =0H59 >1I59 701>BK > 45BOE 8 N=>H5AB25. <5==> 2 B0:>< 4CE5 ?> ?@58<CI5AB2C AB@>OBAO =0H8 :>=B0:BK A 8=8AB5@AB2>< >1@07>20=8O >AA89A:>9 $545@0F88, A> 2A59 A8AB5<>9 2KAH59 8 A@54=59 H:>;K, 4>H:>;L=>3> 2>A?8B0=8O. 2 023CAB0 1999 3>40 <=>N 8 <8=8AB@>< >1@07>20=8O $ . . $8;8??>2K< 1K; ?>4?8A0= 4>3>2>@ > A>B@C4=8G5AB25.  40==>< 4>:C<5=B5 ?@87=05BAO >A>10O @>;L @02>A;028O 2 8AB>@88 >AA88, AB0=>2;5=88 55 4CE>2=>AB8 8 :C;LBC@K, 0 B0:65 7040NBAO >A=>2=K5 >1;0AB8 2708<>459AB28O. -B> ?>445@6:0 @0728B8O ?@02>A;02=>3> >1@07>20=8O, >ACI5AB2;5=85 M:A?5@B87K 4CE>2=>-?@>A25B8B5;LA:8E ?@>3@0<<, ?@>5:B>2 8 CG51=KE ?>A>189, A>740=85 >1@07>20B5;L=KE B5;5- 8 @048>?5@540G, 8740B5;LA:0O 45OB5;L=>ABL, ?>43>B>2:0 ?5403>38G5A:8E :04@>2, >1=>2;5=85 3>AC40@AB25==KE >1@07>20B5;L=KE AB0=40@B>2 2 >1;0AB8 @5;838>2545=8O 8 B5>;>388. %>B5; 1K >A>1> 2K45;8BL !>3;0H5=85 > A>459AB288 >@30=870F88 ?@5?>4020=8O A=>2 ?@02>A;02=>9 :C;LBC@K 2 A>AB025 20@80B82=>9 :><?>=5=BK A>45@60=8O >1@07>20=8O. !>740= >>@48=0F8>==K9 A>25B ?> 2708<>459AB28N 8=8AB5@AB20 >1@07>20=8O 8 CAA:>9 @02>A;02=>9 &5@:28.  53> @0<:0E A59G0A 845B 0:B82=0O @01>B0 ?> :>=A>;840F88 =0H8E CA8;89 2 >1;0AB8 4CE>2=>-=@02AB25==>3> 2>A?8B0=8O 45B59 8 <>;>4568. ?@>G5<, A>B@C4=8G5AB2> &5@:28 8 3>AC40@AB20 2 >1@07>20B5;L=>9 >1;0AB8 =5 >3@0=8G8205BAO =0H8<8 :>=B0:B0<8 A <8=8AB5@AB2>< 8;8 2>>1I5 A D545@0;L=K<8 2;0ABO<8. ABL ?@5:@0A=K5 ?@8<5@K 2708<>459AB28O =0 <5AB0E - 4>AB0B>G=> A:070BL, GB> A>3;0H5=8O <564C 5?0@E8O<8 8 @538>=0;L=K<8 C?@02;5=8O<8 >1@07>20=8O 2> <=>3>< ?@5420@8;8 8 >?5@548;8 4>3>2>@5==>AB8, 4>AB83=CBK5 2 F5=B@5. @8G5< =5@54:> &5@:>2L 2 @538>=0E 4>AB8305B 3>@074> 1>;LH59, G5< 2 >A:25, @50;L=>9 1;87>AB8 A A8AB5<>9 8 A@54=59, 8 2KAH59 H:>;K.  :>=:@5B=>< >?KB5 <>6=> .4>;3> @0AA:07K20BL, => 4C<0N, GB> G8B0B5;8 20H59 3075BK A0<8 ?@5:@0A=> 7=0NB > =5<. 8  - 0:85 K 2848B5 ?CB8 A>B@C4=8G5AB20 <564C F5@:>2=>9 8 A25BA:>9 A8AB5<0<8 >1@07>20=8O? - 0745;8; 1K >B25B =0 425 G0AB8: > A@54=59 8 2KAH59 H:>;5. 0: ?@54AB02;O5BAO, 87 C?><O=CB>3> 4>3>2>@0 A 8=8AB5@AB2>< >1@07>20=8O A;54C5B, GB> &5@:>2L <>65B @0AAG8BK20BL =0 ?>445@6:C 3>AC40@AB20 =5 B>;L:> 2 ?@5?>4020=88 >1I5>1@07>20B5;L=KE ?@54<5B>2 2 ?@02>A;02=KE 38<=078OE 8 ;8F5OE, => 8 2 >1CG5=88 >A=>20< ?@02>A;02=>9 MB8:8 8 :C;LBC@K =0 1075 >1KG=KE A25BA:8E H:>;. !59G0A >B@010BK205BAO B5E=8G5A:0O AB>@>=0 B0:>3> >1CG5=8O - ?>:0 >=> 1C45B ?@>8AE>48BL 2 2845 D0:C;LB0B820, >4=0:> 4C<05BAO, GB> MB>3> =5 2?>;=5 4>AB0B>G=>. A;8 H:>;L=8:8 1C4CB >B=>A8BLAO : C@>:0< MB8:8 :0: : G5<C-B> =5>1O70B5;L=><C, 2B>@>AB5?5==><C, MD5<5@=><C, 8E =@02AB25==>5 GC2AB2> =587156=> ?>AB@0405B- >=5G=>, =8:B> =5 4>;65= =02O7K20BL 45BO< @5;838>7=K9 2K1>@. > MB8G5A:>5 2>A?8B0=85 H:>;0 >1O70=0 4020BL. 54L >B =@02AB25==>3> A>AB>O=8O =>2KE ?>:>;5=89 7028A8B 1C4CI55 >AA88 - 7028A8B =5 2 <5=LH59 AB5?5=8, G5< >B ?>;8B8:8 ;8 M:>=><8:8. 0 D>=5 @07@CH8B5;L=>3> 2;8O=8O =5:>B>@KE A@54AB2 <0AA>2>9 8=D>@<0F88, >1I53> <>@0;L=>3> :@878A0 =8:B> =5 70<5=8B A;>20 CG8B5;O - A;>20 =0AB>9G82>3>, C1548B5;L=>3>, ?>4:@5?;5==>3> ;8G=K< ?@8<5@>< 8 >1JOA=ONI53> 45BA:8< 4CH0<, GB> ?>@>: 2A5340 @07@CH8B5;5=, 0 25@=>ABL =57K1;5<K< =@02AB25==K< =>@<0< ?@8=>A8B G5;>25:C 8AB8==>5 1;03> 8 ?>4;8==>5 AG0ABL5. >B ?>G5<C =04> 225AB8 C@>:8 MB8:8 2 H:>;L=K5 ?@>3@0<<K, ?@54>AB0282 CG5=8:0< 8 8E @>48B5;O< 2K1>@ <564C @5;838>7=K<8 >A=>20<8 =@02AB25==>AB8 8 >A=>20<8 A25BA:8<8, 3C<0=8AB8G5A:8<8.  B5E <5AB0E, 345 <=>3> <CAC;L<0= 8;8 1C448AB>2, 2 =0F8>=0;L=KE H:>;0E ?> 2A59 >AA88 @5;838>7=CN MB8:C <>3;8 1K ?@5?>4020BL ?@54AB028B5;8 A>>B25BAB2CNI8E 4CE>2=KE B@048F89. 025@=>5, 5A;8 5ABL 2 H:>;5 ?> :@09=59 <5@5 G5B25@BL 65;0NI8E >1CG0BLAO =@02AB25==K< =>@<0< >?@545;5==>9 @5;8388, =04> B0:CN 2>7<>6=>ABL ?@54>AB02;OBL. AB0B8, MB> 70:@>5B ?CBL 2 :;0AAK ?@54AB028B5;O< B>B0;8B0@=KE A5:B 8 ?0@0@5;8389, @50;L=>5 G8A;> ?>A;54>20B5;59 :>B>@KE 2 >1I5AB25 =525;8:>. B25BK 0B@80@E0 >A:>2A:>3> 8 2A5O CA8 ;5:A8O II...  A8AB5<5 2KAH53> >1@07>20=8O &5@:>2L, =0 <>9 273;O4, ?@8720=0 83@0BL 2A5 1>;55 A5@L57=CN @>;L. !59G0A 2 >AA88 8 4@C38E AB@0=0E ! 2>7=8:0NB 1>3>A;>2A:85 D0:C;LB5BK A25BA:8E C=825@A8B5B>2, G8B0NBAO ;5:F88 ?> ?@02>A;02=><C 25@>CG5=8N, F5@:>2=>9 8AB>@88 8 :C;LBC@5. @8G5< MB> ?@>8AE>48B 2 2C70E A0<>3> @07=>3> ?@>D8;O - >B 2>5==KE 4> B2>@G5A:8E. >=5G=>, =0< =C6=> 1>;LH5 :20;8D8F8@>20==KE ?@>D5AA>@>2 8 ?@5?>4020B5;59, 1>;LH5 CG51=KE ?>A>189. 4=0:> =045NAL, GB> =>2K9 25: AB0=5B 25:>< @0AF25B0 ?@02>A;02=>9 CG5=>AB8, :>B>@0O =K=5 =5<KA;8<0 157 B5A=59H53> :>=B0:B0 A> A25BA:>9 =0C:>9 8 2KAH59 H:>;>9. - 0:>2> 0H5 >B=>H5=85 : ?@5?>4020=8N A 0B58AB8G5A:8E ?>78F89 @5;838>2545=8O, 8AB>@88, ;8B5@0BC@K 8 4@C38E 3C<0=8B0@=KE ?@54<5B>2 2 A>2@5<5==>9 A25BA:>9 H:>;5? - >=5G=>, >B=>H5=85 >B@8F0B5;L=>5. 5 1C45< 701K20BL, GB> ?@5?>4020=85, >F5=820NI55 ?@54<5B 25@K 8 @5;838>7=CN :0@B8=C <8@0 :0: <8D, ;535=4C, 701;C645=85, >A:>@1;O5B GC2AB20 25@CNI8E 8 45AB@C:B82=> 2;8O5B =0 A5<59=>5 2>A?8B0=85.  254L 3>AC40@AB2>, A>3;0A=> 5=A:><C 70:;NG8B5;L=><C 4>:C<5=BC ! 1989 3>40, >1O70=> C2060BL A2>1>4C @>48B5;59 >15A?5G820BL @5;838>7=>5 8 =@02AB25==>5 >1CG5=85 A2>8E 45B59 2 A>3;0A88 A 8E A>1AB25==K<8 C15645=8O<8. 5:;0@0F8O  1981 3>40 >1 CAB@0=5=88 2A5E D>@< =5B5@?8<>AB8 8 48A:@8<8=0F88 =0 >A=>25 @5;8388 8;8 25@K 3;0A8B: 064K9 @515=>: 4>;65= ?>;L7>20BLAO ?@02>< =0 4>ABC? : >1@07>20=8N 2 >1;0AB8 @5;8388 8;8 25@K 2 A>3;0A88 A 65;0=85< 53> @>48B5;59. >=5G=>, <>6=> 701@0BL AK=0 8;8 4>GL 87 >1KG=>9 H:>;K 8 >B40BL 8E 2 ?@02>A;02=CN 38<=078N. > B0:8E 38<=0789 ?>:0 =5<=>3>, A@54AB2 =0 8E ?>445@60=85 3>AC40@AB2> 2K45;O5B =54>AB0B>G=>, 8 ?>B><C <5AB 2 =8E =5 E20B05B =0 2A5E 65;0NI8E.  @57C;LB0B5 25@CNI85 8 =525@CNI85 45B8, @02=> :0: 8 8E @>48B5;8, >:07K20NBAO 2 =5@02=>< ?>;>65=88. 4=8< 2 3>AC40@AB25==>9 H:>;5 ?@5?>40NB 3C<0=8B0@=K5 ?@54<5BK 2 4CE5, !2>9AB25==>< 8E C15645=8O<, 0 2B>@K5 >:07K20NBAO =0 ?>;>65=88 873>52. #15645=, GB> B0:CN A8BC0F8N =04> 8A?@02;OBL  81> G5@57 87<5=5=85 70:>=>40B5;LAB20, ;81> ?CB5< C;CGH5=8O ACI5AB2CNI59 ?@0:B8:8. 10  B25BK ?5@2>3> 70<5AB8B5;O <8=8AB@0 >1@07>20=8O >AA88, 4>:B>@0 8AB>@8G5A:8E =0C:, ?@>D5AA>@0 . $. 8A5;520 =0 2>?@>AK 3075BK >A:@5A=0O H:>;0 - 0209B5 =0G=5< =0H @073>2>@, ;5:A0=4@ $54>B>28G, A C?><8=0=8O >4=>3> 7=0<5=0B5;L=>3> A>1KB8O. 2 023CAB0 1999 3>40 <564C 8=8AB5@AB2>< >1@07>20=8O $ 8 CAA:>9 @02>A;02=>9 &5@:>2LN 1K; ?>4?8A0=. >3>2>@ > A>B@C4=8G5 AB25 2 >1;0AB8 >1@07>20=8O. -B>B 4>:C<5=B >B@0605B :>@5==K5 87<5=5=8O 2 >B=>H5=8OE <564C 3>AC40@AB2>< 8 &5@:>2LN. K ?><=8<, GB> MB8 >B=>H5=8O =0 ?@>BO65=88 1>;LH59 G0AB8 XX 25:0 A> AB>@>=K 3>AC40@AB20 E0@0:B5@87>20;8AL 8;8 =5?@8:@KBK< B5@@>@><, 8;8 E>;>4=>-2@06451=K< A>ACI5AB2>20=85<.  2>B B0:85 :>@5==K5 87<5=5=8O. '5< >=8 2K720=K? - %>B5;>AL 1K 745AL 2K45;8BL 420 >1AB>OB5;LAB20. 0:8<8 1K 4@0<0B8G=K<8 =8 1K;8 >B=>H5=8O 3>AC40@AB20 8 &5@:28 2 ?@>H;><, A53>4=O <K 8AE>48< 87 B>3>, GB> &5@:>2L >B45;5=0 >B 3>AC40@AB20 (MB> 459AB28B5;L=> B0:, C =0A 5ABL A>>B25BAB2C-.NI85 ?>;>65=8O 2 >=AB8BCF88 8 2 0:>=5 $ 1 >1@07>20=88), => &5@:>2L =5 >B45;5=0 >B @>AA89A:>3> >1I5AB20.  <K :0: 3>AC40@AB25==0O AB@C:BC@0, :>B>@0O 2K?>;=O5B DC=:F8N @53C;8@>20=8O >1@07>20B5;L=KE ?@>F5AA>2 2 AB@0=5, :>=5G=>, {@54AB02;O5< 8=B5@5AK 8 3>AC40@AB20, 8 >1I5AB20. 0?><=N, 2 =0H5< ?@>D5AA8>=0;L=>< A>>1I5AB25 B@C48BAO >:>;> 39 <8;;8>=>2 G5;>25:. 0H0 7040G0 - B0:8< >1@07>< ?>AB@>8BL >B=>H5=8O A >1I5AB2><, GB>1K ?><>GL 5<C AB0BL 1>;55 >1@07>20==K<, >1@5AB8 B5 4CE>2=>-=@02AB25==K5 F5==>AB8, :>B>@K<8 =0H5 B5G5AB2> 68;> =0 ?@>BO65=88 AB>;5B89 8 :>B>@K5 A;C68;8 DC=40<5=B>< BKAOG5;5B=59 @>AA89A:>9 3>AC40@AB25==>AB8. -B> 2>-?5@2KE.  2>-2B>@KE - @CE=C;0 :><<C=8AB8G5A:0O A8AB5<0 2>A?8B0=8O.  >?@545;5==>9 AB5?5=8 >1@07>20;AO <8@>2>77@5=G5A:89 8 8459=K9 20:CC<.  <K 7=05<, GB> @>AA89A:0O B@048F8O B0:>20, GB> >1@07>20=85 8 2>A?8B0=85 -1K;8 2A5340 =5@07@K2=> A2O70=K 4@C3 A 4@C3><. -B> 1K; 548-=K9 ?@>F5AA.  5A;8 GB>-B> 2K?0405B 8;8 G5<C-B> C45;O5BAO <5=LH5 2=8<0=8O, B> 8 A0<> ?>=OB85 >1@07>20=85 >G5=L A8;L-=> AB@0405B.  <K AG8B05<, GB> >1O70=K A>B@C4=8G0BL A> 2A5- B25BK ?5@2>3> 70<. <8=8AB@0 >1@07>20=8O >AA88 . $. 8A5;520.. <8 AB@C:BC@0<8, :>B>@K5 <>3CB ?><>GL =0< >A25B8BL 687=L =0H8E 45B59 8 N=>H5AB20 2KA>:8< =@02AB25==K< 8 4CE>2=K< A25B><. / 4C<0N, GB> B0 42CEBKAOG5;5B=OO B@048F8O, :>B>@0O 6825B 2 @02>A;02=>9 &5@:28, 4>;6=0 1KBL 8A?>;L7>20=0 2 =0H5< >1@07>20=88. ><8<> 4CE>2=KE A>:@>28I, @02>A;0285 >1;0405B 8 >3@><=K<8 :C;LBC@=K<8 1>30BAB20<8, 2;0455B C=8:0;L=K<8 7=0=8O<8 > 4CH5 G5;>25:0 8 >:@C60NI5< <8@5. 8 >48= G5;>25: =5 <>65B 1KBL ?>-=0AB>OI5<C >1@07>20=, 5A;8 >= =5 ?@54AB02;O5B, :0:CN @>;L AK3@0;0 &5@:>2L 2 AB0=>2;5=88 8 @0728B88 @>AA89A:>9 3>AC40@AB25==>AB8, A>F80;L=>< 8 :C;LBC@=>< @0728B88 =0H53> B5G5AB20. -B> >G5284=>, MB> 2A5 ?@87=0NB. %@8AB80=A:85 ?@8=F8?K CAB@>5=8O :0: 2=CB@5==53> <8@0 G5;>25:0, B0: 8 >1I5AB20 >1;040NB 2KA>G09H8< 2>A?8B0B5;L=K< ?>B5=F80;><. 5 CG8BK20BL 2A53> C3>3> (GB>, : A>60;5=8N, 8<5;> <5AB> 2 ?@>H;><) - 7=0G8B =0=>A8BL >G5=L A5@L57=K9 C@>= :C;LBC@5, =0C:5, >1@07>20=8N, 0 A0<>5 3;02=>5, 2=CB@5==5<C <8@C G5;>25:0. K A59G0A <=>3> 3>2>@8< > 20@80B82=>AB8 >1@07>20=8O. 064K9 G5;>25: 4>;65= 8<5BL ?@02> 2K1>@0 <564C @07;8G=K<8 687=5==K<8 25:B>@0<8. @8E>4O 2 <8@, <K ?>4>1=K B><C 1K;8==><C 35@>9, :>B>@K9 AB>8B =0 @0A?CBL5. -B> >G5=L 206=0O ?@>1;5<0. 5, :>=5G=>, <>6=> @5H0BL ?>-@07=><C. >6=> 84B8 ?CB5< =>20F89. -B> B>65, O 4C<0N, ?CBL ?5@A?5:B82=K9. > <>6=> A;54>20BL 8 ?> B><C ?CB8, :>B>@K9 C65 ?@>25@5= BKAOG5;5B8O<8, :>B>@K< H;8 =0H8 ?@54:8. - > 254L 5ABL B0:>5 O2;5=85, :0: 8=5@F8O, 8=5@F8O H:>;K.. 70 ;5B 65AB:> >B25@30;>AL 2A5 @5;838>7=>5, O =5 3>2>@N 4065 ?@02>A;02=>5. >;>68B5;L=> =5;L7O 1K;> C?><8=0BL =8 > :0:>9 B@048F8>==>9 @5;8388. 5;0AL 65AB:0O 0B58AB8G5A:0O ?@>?030=40, =0A0640;AO 2>8=AB2CNI89 0B587<, 8 B5< A0<K< 1K;0 =0@01>B0=0, A:065< B0:. 0=B8@5;838>7=0O 8=5@F8O.  B5?5@L =0G0;AO :0@48=0;L=K9 ?>2>@>B, ?@8G5< 84CI89 A25@EC, >B <8=8AB5@AB20. ABL ;8 C65 :0:85-B> A83=0;K A <5AB, :0: =0G0; @50;87>2K20BLAO 2KH5C?><O=CBK9 4>3>2>@? ~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~ ?>7=0:><8BL A >A=>2=K<8 4>3<0B8G5A:8<8 ?>;>65=8O<8 25@>CG5=8O @02>A;02=>9 &5@:28; - @072820BL =@02AB25==K5 GC2AB20; : - ?>7=0:><8BL A >A=>2=K<8 A>1KB8O<8 5BE>3> 8 >2>3> 025B0; - A>>1I8BL =5:>B>@K5 A>1KB8O 87 8AB>@88 @02>A;02=>9 &5@:28. 0==K9 :C@A @0AAG8B0= =0 G5BK@5 3>40 (32-34 G0A0 2 3>4, 1 G0A 2 =545;N),  1-< :;0AA5 ?@54;0305BAO ?>7=0:><8BL 45B59 A =081>;55 O@:8<8 8 4>ABC?=K<8 8E 2>A?@8OB8N A>1KB8O<8 87 5BE>3> 8 >2>3> 025B0 (A>B2>@5=85 <8@0, ?>B>?, >A8D 8 53> 1@0BLO, >645AB2> %@8AB>2>, GC45A0 !?0A8B5;O 8 4@.).  B0:65 40BL ?@54AB02;5=85 >1 >A=>2=KE ?>;>65=8OE ?@02>A;02=>9 25@K; ?>7=0:><8BL A E@0<><, <>;8B2>9, 8:>=>9. 0 MB>< MB0?5 =5>1E>48<> ?@>1C48BL 8=B5@5A 45B59 : @02>A;028N, @0AA:07 ?5403>30 4>;65= 2>;=>20BL 4CHC @515=:0. @>3@0<<0 :C@A0 A=>2K ?@02>A;02=>9 :C;LBC@K____________27 > 2-< :;0AA5 45B8 87CG0NB 2 E@>=>;>38G5A:>9 ?>A;54>20B5;L=>AB8 A>1KB8O 5BE>3> 8 >2>3> 025B0, 1>;55 A8AB5<0B8G=> 8 ?>4@>1=>, G5< 2 1-< :;0AA5. > ?@8 MB>< =04> AB0@0BLAO =5 >:070BLAO 2 ?;5=C C <0B5@80;0, 0 A2O7K20BL 8AB>@8G5A:85 A>1KB8O A A>2@5<5==>9 687=LN.  >A=>2C ?@>3@0<<K 4;O 3-3> :;0AA0 ?>;>65= 3>4>2>9 F5@:>2=K9 :@C3.  MB>< 65 :;0AA5 F5;5A>>1@07=> 40BL ?@54AB02;5=85 > ACB>G=>< 1>3>A;C651=>< :@C35.  4-< :;0AA5 45B8 87CG0NB :@0B:CN F5@:>2=CN 8AB>@8N, >?8@0OAL =0 68B8O A2OBKE.  B0:65 87CG0NB !8<2>; 25@K, ?@8 MB>< >=8 ?>2B>@ONB 2A5 87CG5==>5 @0=55. 04> >3>2>@8BLAO GB> ?@>3@0<<0 =5 ?@54CA<0B@8205B 70CG820=85 !8<2>;0 25@K =087CABL. >AB0B>G=>, GB>1K 45B8 A2>8<8 A;>20<8 ?@028;L=> >B25B8;8, 2 G5< 70:;NG05BAO =0H0 25@0. 0:0=G8205BAO 40==0O ?@>3@0<<0 F8:;>< C@>:>2, ?>A2OI5==KE 687=8 ?@02>A;02=>3> G5;>25:0. @02AB25==K5 =>@<K ?>AB830NBAO 45BL<8 G5@57 1>;55 3;C1>:>5 87CG5=85 70?>25459 >688E. ;O MDD5:B82=>9 @01>BK ?> 40==>9 ?@>3@0<<5 =5>1E>48<> CG8BK20BL ?A8E>;>38G5A:85 >A>15==>AB8 <;04H8E H:>;L=8:>2. BAN40 2KB5:0NB A;54CNI85 <5B>48G5A:85 2K2>4K: " 2 A2O78 A B5<, GB> C <;04H8E H:>;L=8:>2 ?@5>1;0405B =5?@>872>;L=>5 2=8<0=85, 0 B0:65 8E 2>A?@8OB85 >A=>20=> ?@58<CI5AB25==> =0 M<>F8OE, F5;5A>>1@07=> 8A?>;L7>20BL B5 A>1KB8O 87 5BE>3> 8 >2>3> 025B0, 87 68B89 A2OBKE, 8AB>@88 &5@:28 8 B. ?., :>B>@K5 <>3CB 1KBL =081>;55 8=B5@5A=K 45BO< 8 2K7>2CB C =8E M<>F8>=0;L=CN @50:F8N - =0?@8<5@, <;04H8< H:>;L=8:0< 1C45B 8=B5@5A=> A;CH0BL ?@> 45BAB2> " 32OBKE; " B0: :0: C <;04H8E H:>;L=8:>2 2>>1@065=85 =5?@>872>;L=>5, =04> =0?@02;OBL 53> =0 2>AA>740=85 40==>3> >1@070. ! MB>9 F5;LN <>65B 1KBL 8A?>;L7>20= ?@85< A;>25A=>3> 8;;NAB@8@>20= 8 O; " >?>@>9 4;O =03;O4=>->1@07=>3> <KH;5=8O <>3CB AB0BL 8A?>;L7C5<K5 4;O ?@>2545=8O C@>:0 @07;8G=K5 @5?@>4C:F88, 0 B0:65 8:>=K; " 4;O @0728B8O A;>25A=>-;>38G5A:>3> <KH;5=8O =5>1E>48<> =0 C@>:0E 704020BL 2>?@>AK =0 CAB0=>2;5=85 ;>38G5A:8E A2O759 A>1KB89 8 ?>ABC?:>2. ;O MB>3> <>6=> AB028BL, =0?@8<5@, B0:85 2>?@>AK: GB> ?>1C48;> MB>3> G5;>25:0 B0: ?>ABC?8BL?  G5<C MB> <>3;> ?@825AB8? 28  1-9 :;0AA !5=BO1@L 2>4=K9 C@>:. 'B> <K 1C45< 87CG0BL? B> <K, >B:C40 <K? '5< 682K? (>=OB85 > @02>A;0288 :0: > @5;8388 @CAA:>3> =0@>40.) >3 - "2>@5F <8@0. :BO1@L @5AB=>5 7=0<5=85. >;8B20. @0A>B0 @02>A;028O. :>=0. &5@:>2=>5 ?5=85. >;>:>;L=K9 72>=. %@0<. 0: =04> <>;8BLAO. 'B> <K 2848< 2 F5@:28. 81;8O - =830 :=83, >O1@L !>B2>@5=85 <8@0 2848<>3> 8 =52848<>3>. =35;K. =35;-E@0=8B5;L. 40< 8 20. 73=0=85 87 @0O. >A;CH0=85. 08= 8 25;L, 028ABL. '' ; >B>?. ' N1>2L : @>48B5;O<. AB>@8O >A8D0. 5:01@L @>@>: >8A59 8 45AOBL 70?>25459. 6840=85 !?0A8B5;O. >645AB2> >6859 0B5@8. 2545=85 2> E@0<. ;03>25I5=85. !2OBK5. !2OB>9 8:>;09 'C4>B2>@5F. >645AB2> %@8AB>2>. /=20@L @074=8: >645AB20. 5BAB2> 8ACA0 %@8AB0. !@5B5=85. B@>: 8ACA 2> E@0<5. 'C45A0 8ACA0 %@8AB0. %@8AB>A 8 45B8. AF5;5=85 AK=0 F0@542>@F0. >A:@5H5=85 AK=0 =08=A:>9 24>2K. >A:@5H5=85 4>G5@8 08@0. $52@0;L 'C45A0 8ACA0 %@8AB0. #:@>I5=85 1C@8. %>645=85 ?> 2>40<. 0AKI5=85 ?OB8 BKAOG ;N459. @8BG8. @8BG0 > A5OB5;5.' @8BG0 > 1;C4=>< AK=5. 0@B @8BG0 > <8;>A5@4=>< A0<0@O=8=5. ,, '^3@0<<0 :C@A0 A=>2K ?@02>A;02=>9 :C;LBC@K_____________29 0:8< 4>;65= 1KBL ?@02>A;02=K9 G5;>25:? @8<5@K 87 68B89 A2OBKE. 0: 25AB8 A51O ?@02>A;02=><C G5;>25:C? , @5E.A?>254L. ?@5;L E>4 >A?>45=L 2 5@CA0;8<. !B@040=8O !?0A8B5;O =0 @5AB5 8 2>A:@5A5=85. @074=8: 0AE8. @5?>4>1=K9 !5@389 04>=56A:89. 09 5;8:><CG5=8: 5>@389 >154>=>A5F. >7=5A5=85. @074=8: !2OB>9 "@>8FK. 2-9 :;0AA !5=BO1@L 2>4=K9 C@>:. @5AB=>5 7=0<5=85. >;8B2K > 8<O BF0 8 !K=0 8 !2OB>3> CE0, "!;020 "515. >65 =0H, A;020 "515. %@0<. 'B> =0E>48BAO 2 F5@:28. >3>A;C65=85. >;8B20 !;020 BFC 8 !K=C 8 !2OB><C CEC. !>B2>@5=85 <8@0 2848<>3> 8 =52848<>3>. =35;K. >;8B20 !2OBK9 0=35;5 >689, E@0=8B5;N <>9, <>;8 >30 > <=51 87=L ?5@2KE ;N459. @5E>?045=85. @5E 8 ?>:0O=85. >;8B20 >65, <8;>AB82 1C4L <=5 3@5H=><C. :BO1@L 08= 8 25;L. >@L10 A 3@5E><, >B>?. ... AB>@8O 2@00<0. "@>8F0. 2@00< 8 A00:. >A8D 8 53> 1@0BLO. >O1@L @>@>: >8A59. 5AOBL 70?>25459. !2OB>9 ?@>@>: 8 F0@L 0284. A0;B8@L. 5:01@L @>@>:8 >=0, ;8O, ;8A59. 0=88; 8 B@8 >B@>:0. >645AB2> >6859 0B5@8. 2545=85 2> E@0<, ;03>25I5=85. >;8B20 @5A2OB0O >3>@>48F5, A?0A8 =0A, >645AB2> %@8AB>2>. 30  /=20@L @074=8: >645AB20. !@5B5=85. B@>: 8ACA 2> E@0<5. @>@>: >0== @5AB8B5;L. @5I5=85 >A?>4=5. '"08=AB2> @5I5=8O. $52@0;L @0: 2 0=5 0;8;59A:>9. AF5;5=85 45AOB8 ?@>:065==KE. AF5;5=85 @0AA;01;5==>3>. @8BG0 > A5OB5;5. @8BG0 > <KB0@5 8 D0@8A55. @8BG0 > <8;>A5@4=>< F0@5 8 7;>< @015. @8BG0 > 1>30B>< 8 070@5. 0@B @5>1@065=85. >;8B20 >A?>4=O. E>4 >A?>45=L 2 5@CA0;8<. ?@5;L "09=0O 5G5@O. !C4 =04 8ACA>< %@8AB><. !B@040=8O !?0A8B5;O =0 @5AB5 8 >A:@5A5=85. @074=8: 0AE8. /2;5=85 %@8AB0 ?>A;5 >A:@5A5=8O. >7=5A5=85 8 A>H5AB285 !2OB>3> CE0. 87=L >6859 0B5@8 ?>A;5 2>7=5A5=8O 8ACA0 %@8AB0. 09 &5@:>2=>5 8A:CAAB2>. &5@:>2=K5 B08=AB20. !2OBK5 ?>:@>28B5;8 (?@5?>4>1=K9 !5@0D8< !0@>2A:89; A2OBK5 5@0, 045640, N1>2L; A2OB0O 8=0; A2OBK5 8@8;; 8 5D>489 8 4@.). 3-9 :;0AA !5=BO1@L 2>4=K9 C@>:. >4>2>9 F5@:>2=K9 :@C3. #A5:=>25=85 3;02K ?@>@>:0 >0==0 @54B5G8. >645AB2> >6859 0B5@8. ><>IL >6859 0B5@8. >;8B20 >AB>9=> 5ABL. >742865=85 @5AB0 >A?>4=O. >;8B20 @5ABC "2>5<C... 31 :BO1@L #AB@>9AB2> E@0<0. :>=K. 545;L=K9 8 4=52=>9 F5@:>2=K9 :@C3. >3>A;C65=85. >:@>2 >6859 0B5@8. 8<8B@852A:0O @>48B5;LA:0O AC11>B0. ><8=>25=85 CA>?- H8E 2 @02>A;02=>9 &5@:28. >O1@L 070=A:0O 8:>=0 >6859 0B5@8. 'C4>B2>@=K5 8:>=K >- 6859 0B5@8. >2545=85 2 E@0<5. 87=L ?@02>A;02=>3> G5;>25:0. !>1>@ @E8AB@0B830 8E08;0. =35;K. '5:01@L . 2545=85 2> E@0< @5A2OB>9 >3>@>48FK. ;03>25@=K9 :=O7L ;5:A0=4@ 52A:89. " !2OB>9 8:>;09 'C4>B2>@5F. >645AB2> %@8AB>2>. /=20@L @5I5=85 >A?>4=5. @5?>4>1=K9 !5@0D8< !0@>2A:89. "08=AB20. $52@0;L !2OB0O 1;065==0O A5=8O 5B5@1C@3A:0O. ..!>1>@ =>2><CG5=8:>2 8 8A?>254=8:>2 >AA89A:8E. !@5B5=85 >A?>4=5. !>1>@ A5;5=A:8E CG8B5;59 8 A2OB8B5;59 0A8;8O 5;8:>3>, @83>@8O >3>A;>20 8 >0==0 ;0B>CAB0, 0@B A:CH5=85 %@8AB0 2 ?CABK=5. 5;8:89 ?>AB. >43>B>28B5;L=K5 =545;8. @>I5=>5 2>A:@5A5=L5. 545;8 5;8:>3> ?>AB0. @5E 8 ?>:0O=85. A?>254L. !>@>: <CG5=8:>2 A520AB89A:8E. ?@5;L ;03>25I5=85. >;8B20 >3>@>48F5 52>... 070@520 AC11>B0. E>4 >A?>45=L 2 5@CA0;8<. !B@0AB=0O A54<8F0. 0AE0. 09 545;8 ?> 0AE5. >7=5A5=85 8 ?@074=8: !2OB>9 "@>8FK. 32 38 @5?>4>1=K9 08A89 5;8G:>2A:89. !B0@G5AB2>. ?B8=. !<8@5=85. .@>482K5. " B>@0O 70?>25;L ;065=AB2; 5B=85 ?@074=8:8: @5>1@065=85 >A?>4=5, #A?5=85 >6859 0B5@8. 4-9 :;0AA !5=BO1@L 2>4=K9 C@>:. !2OBK5 CAA:>9 @02>A;02=>9 &5@:28. ?>AB>;K. CG5=8:8. !2OBK5 >=AB0=B8= 8 ;5=0. >742865=85 @5AB0 >A?>4=O. :BO1@L @5?>4>1=K9 !5@389 04>=56A:89 8 1;03>25@=K9 :=O7L 8<8B@89 >=A:>9. @>A25B8B5;8 8@8;; 8 5D>489. !2OBK5 @02=>0?>AB>;L=K5 :=O38=O ;L30 8 :=O7L ;048<8@. @5I5=85 CA8. !2OBK5 ;5:A0=4@ 52A:89 8 0=88; >A:>2A:89. >O1@L @5?>4>1=K9 !5@0D8< !0@>2A:89. !2OB>9 ?0B@80@E "8E>=. >2><CG5=8:8 8 8A?>254=8:8 >AA89A:85. ?B8=A:85 AB0@FK. 5:01@L !8<2>; 25@K. 5@2K9 G;5= !8<2>;0 25@K. 5@0. !>B2>@5=85 <8@0. ' B>@>9 G;5= !8<2>;0 25@K. !2OB0O "@>8F0. "@5B89 G;5= .!8<2>;0 25@K. >645AB2> %@8AB>2>. '5B25@BK9 G;5= !8<2>;0 25@K. !C4 =04 %@8AB><. !B@040=85 8 A<5@BL. @5AB 2 687=8 E@8AB80=8=0. OBK9 G;5= !8<2>;0 25@K. >A:@5A5=85 %@8AB>2>. 5=K-<8@>=>A8FK. /=20@L (5AB>9 G;5= !8<2>;0 25@K. >7=5A5=85. !54L<>9 G;5= !8<2>;0 25@K. B>@>5 @8H5AB285 %@8AB0 =0 75<;N. >AL<>9 G;5= !8<2>;0 25@K. !>H5AB285 !2OB>3> CE0 =0 0?>AB>;>2. 52OBK9 G;5= !8<2>;0 25@K.. &5@:>2L. ><>IL A2OBKE 0?>AB>;>2. $52@0;L 5AOBK9 G;5= !8<2>;0 25@K. "08=AB20: @5I5=85, 8@>?><070=85, @8G0I5=85, >:0O=85, !2OI5=AB2>, @0:, ;5>A2OI5=85. 48==04F0BK9 G;5= !8<2>;0 25@K. >A:@5A5=85 <5@B2KE. 25=04F0BK9 G;5= !8<2>;0 25@K. 0:8< 4>;65= 1KBL ?@02>A;02=K9 G5;>25:. 5AOBL 70?>25459 >688E. 5@20O 8 2B>@0O 70?>2548 0:>=0 >68O (7 5A<L >A?>4L >3..., 5 A>B2>@8 A515 :C<8@0...). "@5BLO 8 G5B25@B0O 70?>2548 0:>=0 >68O (5 ?><8=09 8<O >30 2AC5, 'B8 45=L AC11>B=89). 0@B OB0O 70?>254L 0:>=0 >68O - ;N1>2L 8 C2065=85 : @>48B5;O<. (5AB0O, A54L<0O, 2>AL<0O 70?>2548 0:>=0 >68O C189, 5 ?@5;N1>459AB2C9, 5 C:@048). 52OB0O 8 45AOB0O 70?>2548 (5 ;65A2845B5;LAB2C9, 5 70284C9). ?@5;L 0?>2548 ;065=AB20. 03>@=0O ?@>?>254L. 5@20O 70?>254L ;065=AB20 (;065==K =8I85 4C- B>@00 70?>254L ;065=AB20 (;065==K ?;0GCI85...). ;0G ?> 3@5E0<. "@5BLO 70?>254L ;065=AB20 (;065==K :@>BF88...). >A;CH0=85. '5B25@B0O 70?>254L ;065=AB20 (;065==K 0;GCI85 8 6064CI85 ?@024K...). !?@0254;82>ABL. 09 OB0O 70?>254L ;065=AB20 (;065==K <8;>AB8288...). N1>2L : 1;86=5<C, <8;>A5@485. (5AB0O 70?>254L ;065=AB20 (;065==K G8ABK5 A5@4F5<...). !>25ABL. !54L<0O 70?>254L ;065=AB20 (;065==K <8@>B2>@FK...). 8@ A 1;86=8<8, 1@0BAB2>. >AL<0O 70?>254L ;065=AB20 (;065==K 873=0=88 ?@024K @048...). "5@?5=85. 52OB0O 70?>254L ;065=AB20 (;065==K 5AB5 5340 ?>=>AOB 20A...). @540==>ABL >3C. B>3>2K9 C@>: ?> 70?>254O<. .. ;N520 !"+ #  "5<0. 0AA:07 . 5@838=>9 ;O A0<KE N=KE* &5?8 C@>:0. >7=0:><8BL 45B59 A 8AB>@859 ?@074=8:0 >645AB20; ?@8CG8BL >1I0BLAO A :=83>9; @072820BL @5GL, ?0<OBL, 2=8<0< =85; =0CG8BL 15@56=><C >B=>H5=8N :> 2A5<C. %>4 C@>:0 I. !>>1I5=85 B5<K C@>:0 #G8B5;L. !53>4=O <K ?>3>2>@8< A 20<8 > ?@074=8:0E. 0:85 2K 7=05B5 ?@074=8:8? 5B8 >B25G0NB. -  :0:>9 ?@074=8: C 20A A0<K9 ;N18<K9? 5B8 >B25G0NB. - #30409B5, :0:>9 ?@074=8: A0<K9 ;N18<K9 C <5=O.  20< ?>4A:06C 2@5<O 3>40, :>340 1K205B MB>B ?@074=8:; !=53 =0 ?>;OE, 54 =0 2>40E, LN30 3C;O5B, >340 MB> 1K205B? 5B8. 8<>9. #. B> >B3040; <>9 ;N18<K9 ?@074=8:? 5B8 >B25G0NB. - >9 ;N18<K9 ?@074=8: - >645AB2>.  GB> MB> 70 ?@074=8: 5B8 >B25G0NB. * 5B8 @01>B0NB ?> :=835 ! >645AB2>< %@8AB>2K<!". .: =B2@1C<030, 1995. 35 -  MB>B 45=L @>48;AO >A?>4L 8ACA %@8AB>A. 51OB0, 0 GB> 2K <>65B5 @0AA:070BL > >35? 4. = 2A5 A>B2>@8;. - = 2A5 <>65B. - = 2A5 2848B. #.  B5?5@L >?8H8B5 3@C4=>3> @515=:0. 0:>9 >=? 4. 0;5=L:89, 15A?><>I=K9, =5A0<>AB>OB5;L=K9, #.  70G5< 65 >3 - 2A5<>3CI89, 2A5254CI89 - AB0; <0;5=L:8< 15A?><>I=K< 515=:><? :07K205BAO, >3 AB0; G5;>25:>< @048 =0A A 20<8. = ?@8H5; A?0AB8 =0A >B 3@5E>2 =0H8E 8 =0CG8BL =0A ;N18BL 4@C3 4@C30. = ?@8H5; @0AA:070BL > B><. GB> ;N48 C<8@0NB =5 =02A5340 8 GB> 1C45B 45=L, :>340 2A5 ;N48 2>A:@5A=CB, >682CB. #G8B5;L ?>:07K205B 45BO< 25@B5?, 8:>=C 8;8 :0@B8=C, 87>1@060NICN >645AB2> %@8AB>2>. - >A<>B@8B5, GB> 745AL 87>1@065=>. 5B8 >B25G0NB. - 45AL 87>1@065=> >645AB2>.  F5=B@5 ;568B ;045=5F, @O4>< 3> 0BL - 520 0@8O.  345 ;568B 515=>:? .  ?5I5@5. #. 8ACA %@8AB>A @>48;AO 2 ?5I5@5, 345 68;8 4><0H=85 682>B=K5, ?>B><C GB> 3> @>48B5;8 ?@8H;8 87 4@C3>3> 3>@>40 8 <5AB0 2 3>AB8=8F5 8< =5 =0H;>AL. >3> 5I5 2K 2848B5? . =35;>2. #. =35;K O28;8AL ?0ABCE0< 8 @0AA:070;8, GB> @>48;AO !?0A8B5;L. >:068B5, 345 ?0ABCE8. I5 745AL 87>1@065=K <C4@5FK ~ 2>;E2K, >=8 C2845;8 2 =515 72574C 8 ?>=O;8, GB> @>48;AO =5>1K:=>25==K9 515=>:, ?>MB><C >=8 27O;8 ?>40@:8 8 ?>H;8 ?>:;>=8BLAO <C. 0948B5 72574C. >B O 20< @0AA:070;0 ?@> A2>9 ;N18<K9 ?@074=8:.  A53>4-8O O 20< 1C4C G8B0BL :=83C > =5<. 0: =07K205BAO MB0 :=830? . "! >645AB2>< %@8AB>2K<! #.  MB>9 :=835 <=>3> ?5A5=, AB8E>B2>@5=89, @0AA:07>2, ?>A2OI5==KE >645AB2C %@8AB>2C. / 20< ?@>G8B0N @0AA:07 5@838=>9 ;O A0<KE N=KE. 0: 2K ?>=8<05B5 =0720=85, :>3> =07K20NB N=K<8? . >;>4KE ;N459, 45B59. 36 !"+ # ! 1 0AA:07 . 5@838=>9 ;O A0<KE N=KE 37 I C. 0209B5 =0945< 8;;NAB@0F88, :>B>@K5 ?>4E>4OB : =0H5<C @0AA:07C. 'B> 87>1@065=> =0 >1;>6:5? . ;:0, ?@074=8G=K9 AB>;, <0;LG8:. #. B0:, MB>B @0AA:07 A?5F80;L=> 4;O 45B59.  ?>4703>;>2>: C MB>3> @0AA:070 B0:>9 - >645AB25=A:89 A>=. !59G0A 2K C7=05B5, GB> 65 ?@8A=8;>AL 452>G:5 0B5@8=:5 ?>4 >645AB2>. II. 'B5885 CG8B5;5< 8 15A540 > ?@>G=B0==>< #G8B5;L G8B05B @0AA:07. #. 'B> 65 ?@8A=8;>AL 0B5@8=:5? . 'B> 55 ?@83;0A8;8 725@8 ?>9B8 ?>:;>=8BLAO ;045=FC #. 0:85 725@8 ?@8H;8 : 0B5@8=:5? . &0?;O, <KHL. #.  :0:85 B0< 5I5 <>3;8 >:070BLAO 725@8? 5B8 =07K20NB. - B> 5I5, :@><5 725@59, 1K; A 0B5@8=:>9? . =35;-E@0=8B5;L. #. # :064>3> :@5I5=>3> G5;>25:0 5ABL 0=35;-E@0=8B5;L, >= =52848<> 2A5340 =0E>48BAO @O4>< A G5;>25:>< 4> A0<>9 53> .A<5@B8. 'B> GC2AB2>20;0 0B5@8=:0, :>340 H;0 ?> ;5AC? . =0 A=0G0;0 C4828;0AL, ?>B><C GB> CA;KH0;0, :0: 725@8 @073>20@820NB. >B>< >=0 AB0;0 4C<0BL, ?>G5<C 725@8 2K1@0;8 55. 0 =5 4@C38E 45B59, :>B>@K5 ;CGH5 =55.  2 :>=F5 0B5@8=:0 @04C5BAO, ?>B><C GB> 2AB@5B8;0AL A ;045=F5<. #. >G5<C 65 725@8 27O;8 0B5@8=:C A A>1>9, 0 =5 :>3>-B> 4@C3>3>? . >B><C GB> >=0 ?><>30;0 682>B=K<: A?0A;0 <KH>=:0 >B :>H:8, 2K=C;0 >AC 87 2>4K. #. 'B> 2K <>65B5 A:070BL > 0B5@8=:5, :0:0O >=0? . =0 4>1@0O, ;N18B 682>B=KE, A:@><=0O, 2848B GC685 4>AB>8=AB20 8 A2>8 =54>AB0B:8. III. >;;5:B82=>5 @0AA<0B@820=85 :=838 #. >A<>B@8B5 =0 :=83C. 0: 2K 4C<05B5, 2 =59 B>;L:> ;8HL MB>B @0AA:07 8;8 =5B? . 5B, B0< 5I5 5ABL AB8E8, 4@C385 @0AA:07K. #. 0: =07K205BAO :=830, 2 :>B>@>9 A>1@0=K @07=K5 ?@>872545=8O @07=KE 02B>@>2? . !1>@=8:. #. 'B> C =8E >1I53>? 4. =8 2A5 >B=>AOBAO : ?@074=8:C >645AB20. C. 'B> 87>1@065=> =0 AB@0=8F5 I? . 45AL 87>1@065=>, :0: ?0ABCE8 ?@8H;8 ?>:;>=8BLAO ;045=FC. #. >4E>48B MB0 8;;NAB@0F8O : =0H5<C @0AA:07C? . 0, MBC AF5=C C2845;0 0B5@8=:0, :>340 ?@8H;0 A .682>B=K<8 2 3>@>4 8D;55<. #. 'B> 87>1@065=> =0 AB@0=8F5 5? . 0: 0=35; O28;AO ?0ABCE0<. #.  A25@EC =0?8A0= B@>?0@L ?@074=8:0, >= ?>5BAO 2 F5@:28, 8 2 =5< 3>2>@8BAO > B><, :0: : !?0A8B5;N ?@8H;8 ?0ABCE8. 8 2>;E2K-<C4@5FK. >A;CH09B5, :0: >= 72CG8B: >645AB2> "2>5, %@8AB5 >65 =0H, 2>7A8O <8@>28 A25B @07C<0, 2 =5< 1> 725740< A;C60I89 72574>N CG0ECAO "515 :;0=OB8AO, !>;=FC ?@024K, 8 "515 2545B8 A 2KA>BK >AB>:0. >A?>48, A;020 "515. >4E>48B ;8 MB0 8;;NAB@0F8O : =0H5<C @0AA:07C? . 5B. #. >A<>B@8< =0 AB@0=8FC 10. . 45AL @8AC=>:, :0: 8 =0 >1;>6:5. #. >4E>48B >= : =0H5<C @0AA:07C? . 5B, ?>B><C GB> 2 @0AA:075 =5 >?8AK20;8AL 5;:0, AB>;. - 0, ?>B><C GB> C 0B5@8=:8 =025@=O:0 5ABL 5;:0 8 ?@074=8G=K9 AB>;. #. >A<>B@8< =0 AB@0=8FC 11. 'B> <K 745AL 2848<? . 5B59 2 F5@:28. #- >4E>48B MB0 8;;NAB@0F8O 8;8 =5B? . 0, 0B5@8=:0 ?5@54 A=>< 4C<05B, :0: >=0 ?>945B 2 &5@:>2L. #. 'B> 87>1@065=> =0 AB@0=8F5 12? . 5B8 G8B0NB :=83C ?>4 5;:>9. -B0 8;;NAB@0F8O =5 ?>4E>48B : =0H5<C @0AA:07C. #. 0;LH5 @0AA<>B@8B5 :=83C A0<>AB>OB5;L=>, 0 ?>B>< A:068B5, :0:85 2 =59 5ABL 5I5 8;;NAB@0F88 8 ?>4E>4OB ;8 >=8 : 0H5<C @0AA:07C. . 0 AB@0=8F5 26 =0@8A>20= 0=35;, >= 70304K205B 45BO< 70304:8. -B>B @8AC=>: =5 ?>4E>48B. 0 AB@0=8F5 28 45B8 2>4OB 38 !"+ # 2 E>@>2>4. -B0 8;;NAB@0F8O B>65 =0< =5 ?>4E>48B. 0 AB@0=8F5 35 ;N48 E>4OB A ?5A=O<8 8 ?>74@02;ONB 2A5E, MB0 8;;NAB@0F8O B>65 =5 ?>4E>48B. #. 0:85 65 A>1KB8O 87 =0H53> @0AA:070 <K =5 C2845;8 =0 :0@B8=:0E? . 0: 0B5@8=:0 A> 725@O<8 845B ?> ;5AC. IV. ><0H=55 7040=85 #. ><0 =0@8AC9B5 0B5@8=:C 8 682>B=KE.  B0:65 ?>?@>1C9B5 =09B8 :0:CN-=81C4L :=83C > >645AB25. .. ;N520 "5<0. 0AA:07 $. >AB>52A:>3> 0;LG8: C %@8AB0 =0 5;:5 &5;8 C@>:0. !>25@H5=AB2>20BL =02K: 2K@078B5;L=>3> GB5=8O; @072820BL @5GL, <KH;5=85; ?@>1C48BL 2 45BOE <8;>A5@485, A>AB@040=85 %>4 C@>:0 I. !>>1I5=85 B5<K C@>:0 #G8B5;L. 7 O=20@O <K 1C45< ?@074=>20BL >645AB2> %@8AB>2>. 'B> MB> 70 ?@074=8:? 5B8.  MB>B 45=L >3 ?@8H5; =0 75<;N. = AB0; '5;>25:><. #. B> <>65B @0AA:070BL >1 >A=>2=KE A>1KB8OE MB>3> ?@074=8:0?  >645AB25 <>3CB @0AA:070BL 45B8, 70@0=55 ?>;CG82H85 7040=8O. . 5704>;3> 4> @>645=8O ;045=F0 3> @>48B5;8 4>;6=K 1K;8 ?> ?@8:07C 8<?5@0B>@0 >B?@028BLAO 2 3>@>4, 345 68; 8E ?@54:8, 2 8D;55<. 520 0@8O A >A8D>< ?@8H;8 2 3>@>4 25G5@><, :>340 <5AB 2 3>AB8=8F5 C65 =5 >AB0;>AL.  B>340 >= @5H8;8 ?5@5=>G520BL 2 ?5I5@5.  MB>9 ?5I5@5 8 @>48;AO 8ACA %@8AB>A. - >340 @>48;AO !?0A8B5;L, 1K;0 3;C1>:0O =>GL, 2A5 A?0; 8 =8:B> =5 7=0;, GB> A>25@H8;>AL. 5 A?0;8 B>;L:> ?0ABCE 0AA:07 $- >AB>52A:>3> 0;LG8: C %@8AB0 =0 5;:5 39 >E@0=O2H85 2 ?>;5 A2>8 AB040. 4@C3 =51> >A25B8;>AL, 8 8< O28;AO 0=35;. = A:070;: "5 1>9B5AL, O ?@8H5; A>>1I8BL 20< 25;8:CN @04>ABL. !59G0A 2 8D;55<5 @>48;AO !?0A8B5;L <8@0 8ACA %@8AB>A. 0ABCE8 ?@8H;8 2 ?5I5@C 8 ?>:;>=8;8AL ;045=FC. -  B>B G0A, :>340 @>48;AO 8ACA %@8AB>A, 2 =515 7063;0AL 1>;LH0O 725740. -BC 72574C C2845;8 B@8 <C4@5F0, 8E 5I5 =07K20NB 2>;E20<8. =8 ?>=O;8, GB> @>48;AO =0 75<;5 5;8:89 &0@L. C4@5FK ?>H;8 70 72574>9 8 ?@8H;8 : ;045=FC. =8 ?>:;>=8;8AL %@8ABC 8 ?>4=5A;8 <C 40@K. #. @074=>20=85 >645AB20 4;8BAO 11 4=59. -B8 4=8 =07K20NBAO A2OBK<8 4=O<8, 8;8 !2OB:0<=.  MB><C 2@5<5=8 ?8A0B5;8 ?>A2OI0NB >A>1K5 @0AA:07K, >=8 =07K20NBAO A2OB>G=K-<8, ?>B><C GB> 459AB285 2 MB8E @0AA:070E ?@>8AE>48B =0 !2OB:0E. !53>4=O <K A 20<8 ?@>G8B05< >48= 87 B0:8E @0AA:07>2. 07K205BAO >= 0;LG8: C %@8AB0 =0 5;:5, 02B>@ - 25;8:89 @CAA:89 ?8A0B5;L $54>@ >AB>52A:89. 0: 2K 4C<05B5, :0:>5 =0AB@>5=85 C MB>3> @0AA:070? . 025@=>5, ?@074=8G=>5, ?>B><C GB> 5;:0 - MB> 2A5340 ?@074=8:. II. 'B5=85 CG8B5;5< #. >A;CH09B5 MB>B @0AA:07, 0 ?>B>< >B25BLB5; :0:>5 65 =0AB@>5=85 =0< ?5@540; 02B>@? "#G8B5;L G8B05B @0AA:07. .  =0G0;5 @0AA:070 =0< 1K;> >G5=L 3@CAB=>, ?>B><C GB> C <0;LG8:0 C<5@;0 <0<0. >B><, :>340 <0;LG8: ?>?0; =0 5;:C. <K ?>@04>20;8AL 70 =53>.  2 :>=F5 >?OBL AB0;> 3@CAB=> ~ <0;LG8: 70<5@7 2 ?>4J5745. #. 0209B5 ?@>G8B05< @0AA:07 5I5 @07, => A=0G0;0 2KOA=8< 7=0G5=85 =57=0:><KE A;>2. #G0I85AO A ?><>ILN CG8B5;O >?@545;ONB 7=0G5=8O A;>2, 8 CG8B5;L 70?8AK205B 8E =0 4>A:5. 5@5I8BAO  :065BAO. 0@K ~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~ <0;LG8: ?>?0; : %@8ABC =0 5;:C 8 2AB@5B8;AO A <0<>9. ;>E> - <0;LG8: 70<5@7 =0 C;8F5. #. 0, <0;LG8: 70<5@7, => 53> 4CH0 ?>?0;0 : >3C, 2 &0@AB2> 515A=>5. =0G8B, <0;LG8:C 2 :>=F5 @0AA:070 AB0;> E>@> H>. 1KG=> A2OB>G=K5 @0AA:07K B0: 8 AB@>8;8AL; A=0G0;0 :0:>5-=81C4L 3>@5, AB@040=8O, 0 ?>B>< 2A5 70:0=G8205BAO E> @>H>. IV. "2>@G5A:>5 7040=85 #. 0: 2K 4C<05B5, G5<C E>B5; =0CG8BL =0A 02B>@? . 2B>@ E>B5;, GB>1K <K ?><>30;8 154=K<. #. 51OB0, 0 <>3 1K MB>B @0AA:07 70:>=G8BLAO ?>-4@C3><C? 1 'B>1K <0;LG8: =5 C<8@0;? . 0, 5A;8 1K 5<C :B>-=81C4L ?><>3. '8B05< A2OB>G=K5 @0AA:07K 43 #. 0948B5 2 @0AA:075 B5E ;N459, :>B>@K5 <>3;8 ?><>GL <0;LG8:C. . !B0@CH:0 2 ?>420;5, 10@K=8, ?>;8F59A:89 =0 C;8F5. #. @84C<09B5, GB> 1K A;CG8;>AL, 5A;8 1K :B>-B> 87 35@>52 @0AA:070 ?><>3 <0;LG8:C. 5B8 >B25G0NB. - 0 >645AB2> A;CG0NBAO 2AO:85 GC45A0, 8 A59G0A 2K >:065B5AL @O4>< A <0;LG8:>< =0 C;8F5. 0:@>9B5 3;070. 07, 420, B@81 B0:, 2K >:070;8AL @O4>< A <0;LG8:><. 'B> 2K 1C45B5 45;0BL? 5B8 >B25G0NB. V. B>3 C@>:0 #. 0:>9 @0AA:07 <K A53>4=O G8B0;8? B> 02B>@? 'B> 20< 70?><=8;>AL 87 MB>3> @0AA:070? '5<C =0A CG8B @0AA:07? ><0 G8B09B5 @0AA:07 A0<8. .. ;N520 "5<0. '8B05< A2OB>G=K5 @0AA:07K* &5;8 C@>:0. >7=0:><8BL 45B59 A 60=@>< A2OB>G=>3> @0AA:070; ?@>1C48BL 8=B5@5A : :=835; @072820BL @5GL, ?0<OBL; 2>A?8BK20BL 4>1@>BC, <8;>A5@485. %>4 C@>:0 I. 01>B0 A 2KAB02:>9 #G8B5;L. 0AA<>B@8< :=838. 0948B5 :=838-A1>@=8:8. 5B8. 5701C4:0, !2OB>G=K5 @0AA:07K, >@>6=K9 ?>A>E, 025B=>5 >:=>. #. 07>28B5 A1>@=8:8, 2 :>B>@KE A>1@0=K @0AA:07K @07=KE 02B>@>2. . "5701C4:0, !2OB>G=K5 @0AA:07K. #. 0948B5 :=83C 87 A5@88. 5;0B5;L=> ?@>25AB8 ?>A;5 GB5=8O @0AA:070 $. >AB>52A:>3> '0;LG8: C %@8AB0 =0 5;:5. 44 !"+ #  '8B05< A2OB>G=K5 @0AA:07K 45 . "5;5H>2, ;:0 8B@8G0 87 A5@88 (:>;L=0O 181;8>B5:0. #. 'B> MB> 70 A5@8O? 0:85 :=838 2E>4OB 2 MBC A5@8N? . =838 4;O H:>;L=8:>2. ! II. =0;87 :=83 #. 0: <=>3> C =0A 8=B5@5A=KE :=83! 0AA:068B5 > =8E. 0?><=8B5 ?;0= @0AA:070 > :=835. . 5@2>5 - 02B>@, 2B>@>5 - =0720=85, B@5BL5 - > G5< :=830, G5B25@B>5 - GB> 1>;LH5 2A53> 70?><=8;>AL, ?OB>5  A0<0O | 8=B5@5A=0O 8;;NAB@0F8O, H5AB>5 - 345 27O; :=83C. 0;55 45B8 @0AA:07K20NB > ?@>G8B0==KE :=830E ?> >1@07FC. 0?@8<5@; / G8B0;0 @0AA:07 0A25B>2>9 C:;0 >645AB25=A:>9 45-2>G:0 87 A1>@=8:0 5701C4:0. -B0 :=830 > B><, :0: >645AB25=A:0O 452>G:0 (B0: 55 720;8, ?>B><C GB> >=0 @>48;0AL =0 >645AB2>) @5H8;0 ?@>40BL A2>N ;N18<CN :C:;C, GB>1K :C?8BL B5?;K5 25I8 4;O A51O 8 <0<K, B0: :0: 8E >B5F C<5@ 8 >=8 >AB0;8AL 157 45=53. 0 8;;NAB@0F88: 452>G:0 ?@8=5A;0 :C:;C 2 @540:F8N 3075BK, GB>1K B0< =0?5G0B0;8 >1JO2;5=85 > ?@>4065. =5 1>;LH5 2A53> ?>=@028;>AL B> <5AB>, :>340 452>G:0 =0 >645AB2> ?@>A=C;0AL 8 C2845;0 5;:C 8 <=>3> ?>40@:>2 - MB> 8< ?><>3;8 4>1@K5 ;N48. =5 :C?8;0 0BC :=83C <0<0. / A>25BCN 55 ?@>G8B0BL 2A5<, :B> ;N18B G8B0BL | :=838 > 45BOE. #. ><=8B5, :>340 <K G8B0;8 @0AA:07 >AB>52A:>3> 0;LG8: C %@8AB0 =0 5;:5, <K 3>2>@8;8, GB> A2OB>G=K9 @0AA:07 >1KG=> A>AB>8B 87 42CE G0AB59? 7 :0:8E? .  ?5@2>9 G0AB8 >?8AK205BAO 3>@5, 0 2> 2B>@>9  MB><C 3>@N :B>-B> ?><>305B. #. 0948B5 MB8 425 G0AB8 2 B5E @0AA:070E, :>B>@K5 2K G8B0;8. .  @0AA:075 0A25B>2>9 C:;0 >645AB25=A:>9 452>G:8 A=0G0;0 3>2>@8BAO > B><, GB> <0<0 8 5=O AB0;8 154=K<8, 0 ?>B>< 4>1@K5 ;N48 40NB 8< 45=53 8 54K. -  @0AA:075 >AB8=8F0 2 AB5?8 ABC45=B 845B ?> ?>;N 8 ?>?0405B 2 <5B5;L, => ?>B>< >= >:07K205BAO 2 GC45A=>9 3>AB8=8F5.   @0AA:075 "5;5H>20 ;:0 8B@8G0 3>2>@8BAO > A8@>B0E, > :>B>@KE 2A5 ?>701K;8. > ?>B>< >:07K205BAO, GB> =5 2A5 - AB>@>6 8B@8G CAB@>8; 4;O =8E 5;:C. -  @0AA:075 @C3;>20  :0=C= A>G5;L=8:0 1010 ?>B5@O;0 45=L38 =0 18;5B, => ?>B>< 59 40;8 45=L38 420 <0;LG8:0. #. A5 A2OB>G=K5 @0AA:07K <>6=> @0745;8BL =0 B@8 3@C??K; ?5@20O  @0AA:07K, 2 :>B>@KE >?8AK205BAO ?@074=>20=85 >645AB20; 2B>@0O - @0AA:07K, 2 :>B>@KE ?@>8AE>4OB GC45A0; B@5BLO - @0AA:07K > <8;>A5@488, > 4>1@KE 45;0E. 0209B5 @0745;8< =0H8 @0AA:07K =0 B@8 3@C??K. 5@20O 3@C??0; 8:8D>@>2->;38=. !5@51@O=0O <5B5;L; 0:0@>2. >645AB25=A:89 D>=0@L; (<5;52. >645AB2>. B>@0O 3@C??0: >AB8=8F0 2 AB5?8; >A5;O=8=. 8D;55<A:0O 725740, >645AB25=A:0O 5;:0, >645AB25 =5:0O =>GL; >@A:>9. C2H8=G8:5, 25 5;:8. "@5BLO 3@C??0: !B0=N:>28G ;:0; @C3;>2.  :0=C= A>G5;L=8:0; "5;5H>2. ;:0 8B@8G0; C:0H528G.  B5A=>B5, 40 =5 2 >1845. III. "2>@G5A:>5 7040=85 #. 0209B5 ?5@545;05< >48= 87 A2OB>G=KE @0AA:07>2 2 ?L5AC 8 ?>:065< 4@C38<. 0:8< 4>;65= 1KBL @0AA:07, :>B>@K9 <>6=> ?5@545;0BL 2 ?L5AC? , >;6=> 1KBL 459AB285, <=>3> 35@>52, <5AB> 459AB28O 4>;6=> 1KBL ?@82KG=K<, GB>1K =5 45;0BL A;>6=KE 45:>@0F89. #. 0:>9 65 @0AA:07 2K ?@54;>68B5? 5B8 2<5AB5 A CG8B5;5< @0AAC640NB ?@8<5@=> B0::  @0AA:075 8:8D>@>20->;38=0 !5@51@O=0O <5B5;L <0;> 459AB2CNI8E ;8F 8 =5B 459AB28O, 7=0G8B, >= =5 3>48BAO 4;O ?L5AK.  @0AA:075 "5;5H>20 ;:0 8B@8G0 B>65 <0;> 459AB2CNI8E ;8F.  ;535=45 ?>G8=0 459AB285 ?@>8AE>48B 2 @07=KE <5AB0E: 2 F5@:28, =0 C;8F5 - =C6=K AB0@8==K5 :>ABN<K, ?> MB>9 :=835 B>65 B@C4=> AB028BL A?5:B0:;L.  0209B5 8=AF5=8@C5< @0AA:07 ">AB8=8F0 2 AB5?8. 0:85 2 =59 1C4CB 459AB2CNI85 ;8F0 8 :0: >=8 1C4CB 2K3;O45BL? . 0AA:07G8:-ABC45=B - N=>H0 2 154=>9 >45645; :@0A820O 5=I8=0 2 :@0A82>< ?;0BL5; AB0@8: - 2KA>:89, A 4;8==>9 1>@>4>9, 2 :@0A82>9 >45645; 3>AB8 4><0 - 1>30BK5 8 =8I85; 65=I8=0 A 45BL<8 - A @0AB@5?0==K<8 2>;>A0<8 2 @07>@20==>9 >45645; 0=35;; <0BL; >B5F; A5AB@0; 1@0B ABC45=B0. #. 0745;8< @0AA:07 =0 G0AB8 8 ?>3>2>@8< > :064>9. 46 !"+ #  '. 5@20O G0ABL  2 AB5?8. 54CI89 3>2>@8B A;>20, 0 ABC45=B 87>1@0605B, :0: 5<C B@C4=> 84B8, ?>B>< >= ?0405B. B>@0O G0ABL - 2 3>AB8=8F5. !BC45=B 2AB@5G05BAO A ?@5:@0A=>9 65=I8=>9. =0 :>@<8B 53>, 3>2>@8B A =8<. "@5BLO G0ABL - 65=I8=0 7=0:><8B ABC45=B0 A> AB0@8:><, 8 >=8 84CB >A<0B@820BL 3>AB8=8FC. 84OB @07=KE 3>AB59. #. K <>65< @07<5AB8BL 2 >4=>< C3;C AF5=K AB>;, 2 4@C3>< - 45@CI8EAO ;N459.  :0: <K 87>1@078< 3>AB8=8FC? . >AB028< AB>;K 8 ABC;LO, =0:@>5< 8E ?>:@K20;0<8, =0 ;8AB0E 1C<038 =0@8AC5< :@0A82K5 >:=0 8 ?@8:@5?8< 8E A7048 =0 AF5=C. #. -B> 2A5? . 5B, 5ABL 5I5 B@8 G0AB8. #. 0:85? '5B25@B0O G0ABL ~ ABC45=B 2AB@5G05BAO A =8I8<8 8 ?><>305B 8<. #. 51OB0, :0: 1KBL?  @0AA:075 =5 3>2>@8BAO, :0: 8<5==> ABC45=B ?><>30; 154=K<? . 0AA:07G8: <>65B ?@>AB> ?@>G8B0BL MB8 A;>20.  <>6=> A0<8< ?@84C<0BL A8BC0F8N. >65B 1KBL, >= ?>4>945B : B5< ;N4O<, :>B>@K5 54OB 8 :>B>@K5 45@CBAO? #. -B> E>@>H0O 845O. "0: 8 A45;05<. . OB0O G0ABL - 4@0:0 8 2AB@5G0 A 0=35;><. #. 0: <K 87>1@078< @0=C? . >65B 1KBL, ABC45=B AE20B8BAO 70 3@C4L 8 C?045B? - (5AB0O, ?>A;54=OO G0ABL - ABC45=B C A51O 4><0. 0;55 CG8B5;L A>AB02;O5B A 45BL<8 AF5=0@89. >AB8=8F0 2 AB5?8 59AB2CNI85 ;8F0 0AA:07G8:. !BC45=B. @0A820O 65=I8=0. !B0@8:. N48 70 AB>;><. (3-5 G5;>25:.) , N48, 45@CI85AO 87-70 1;N40. (2 G5;>25:0.) !B0@8: A A>:@>28I5<. 47 '8B05< A2OB>G=K5 @0AA:07K 5@CI85AO. (3-5 G5;>25:.) 5=I8=0 A 45BL<8. (2-3 G5;>25:0.) =35;. 0BL ABC45=B0. B5F ABC45=B0. @0B ABC45=B0. !5AB@0 ABC45=B0. N48 2 B5<=KE ?>:@K20;0E, =8I85. 59AB285! 0AA:07G8:.  >4=C 87 B5E 45:01@LA:8E =>G59, :>340, :0: 3>2>@8BAO, A25BC >6853> =5 284=>, B5; ?> 157;N4=>9 AB5?8 <>;>4>9 !BC45=B A5<8=0@88; H5; >= =0 @>645AB25=A:85 ?@074=8:8 87 3>@>40, 345 CG8;AO, 2 A5;>, 2 :>B>@>< >B5F 53> 1K; A2OI5==8:><. ; KE>48B !BC45=B. !BC45=B. !59G0A A5<L G0A>2 CB@0, CA?5N 4> 25G5@0 4>1@0BLAO 4><>9. !BC45=B 845B ?> AF5=5. = >45B 1 AB0@CN B5;>3@59:C. >4=8<05BAO 25B5@ (<>6=> 2:;NG0BL 25=B8;OB>@ 8;8 72C:>70?8AL 2>O 25B@0). !BC45=B. 5B5;L =0G8=05BAO, 40 8 =>GL =0428305BAO, 0 @>4=>3> A5;0 2A5 5I5 =5 284=>, 4>;6=> 1KBL, O 701;C48;AO. (45B ?> AF5=5 A B@C4><.) 0AA:07G8:. 5E>@>H> 1K;> 154=><C: B5<=>, E>;>4=>, O@>AB=0O 2LN30 18;0 5<C ?@O<> 2 3@C4L 8 2 ;8F>, 70AK?0;0 53> <>:@K< A=53><. !BC45=B. A5, 1>;LH5 =5 <>3C 84B8. (0405B =0 AF5=C.) 59AB285 2 KE>4OB N48 2 B5<=KE ?>:@K20;0E, ?>4=8<0NB !BC45=B0, 25- 4CB 8 :;04CB =0 4820=, CE>4OB. 068305BAO O@:89 A25B, 83@05B @8OB=0O <C7K:0. !F5=0 87>1@0605B :@0A82CN :><=0BC 2 3>AB8=8-F5.  4@C3>< C3;C AF5=K - AB>;, 70 :>B>@K< ?8@CNB ;N48.  !BC45=- BC ?>4E>48B @0A820O 65=I8=0. @0A820O 65=I8=0. "K CAB0;, 154=O6:0, 8, 25@=>, >G5=L 3>;>45=, ?>945< O =0:>@<;N B51O. (5@5B ABC45=B0 70 @C:C.) 49 '8B05< A2OB>G=K5 @0AA:07K >4E>48B !B0@8:. !"+ #  48 !BC45=B. / =5 <>3C 84B8 : AB>;C. "0< 2A5 B0:85 =0@O4=K5, 0 =0 <=5 B0:>5 AB0@>5 ?;0BL5. @0A820O 65=I8=0. 5 2>;=C9AO, B2>5 ?;0BL5 C65 A<5=8;8, | !BC45=B A=8<05B AB0@CN B5;>3@59:C 8 >:07K205BAO 2' :@0A82>9 >45645. @0A820O 65=I8=0 2545B 53> : AB>;C 8 C3>I05B. !BC45=B. / E>GC ?>1;03>40@8BL B51O 70 B2>N <0B5@8=A:CN 4>1@>BC. !:068, :0: <=5 =07K20BL B51O, <>O A?0A8B5;L=8F0? @0A820O 65=I8=0. >28 <5=O <0B5@LN, 5A;8 MB> B515 =@0. 28BAO, 0 O 1C4C 720BL B51O AK=><, => 1;03>40@8BL <5=O B515 N 70 GB>. A5, GB> O 40;0 B515, =5 <>5: O A0<0 745AL B0:0O MB> 3>ABLO, :0: 8 BK. > 5A;8 2 B2>5< A5@4F5 3>2>@8B 1;03>40@ =>ABL, B> >1@0B8AL A =59 : 4>1@><C >A?>48=C MB>3> 4><0, I "><C, B> 2KAB@>8; 53> 4;O 154=KE AB@0==8:>2. !BC45=B. B> 65 >A?>48= MB>3> 4><0 8 345 =09B8 3>? @0A820O 65=I8=0. >A?>48= MB>3> ?@5:@0A=>3> 4><0 = ?>:07K205BAO 3>ABO<. !BC45=B. 0: 65 <=5 ?>1;03>40@8BL 3>? @0A820O 65=I8=0. K 3> =5 2848<, => = =0A 2848B. 01 4065 7=05B, GB> <K 4C<05< 8 GC2AB2C5<, 8 B5?5@L C65 2848' B2>N 1;03>40@=>ABL. > <0;> 1KBL 1;03>40@=K< =0 A;>20E 4>;6=> 1KBL 1;03>40@=K< =0 45;5. !BC45=B. '5< 65 O, 154=K9 ABC45=B, <>3C >B1;03>40@8B] %>7O8=0 B0:>3> @>A:>H=>3> 4><0? @0A820O 65=I8=0. = B@51C5B >G5=L =5<=>3>3>, ?><=8 B>;L:> 2A5340, GB> BK 745AL 3>ABL, =5 15AG8=AB2C9 2 3> 4><5, 2548 A51O. :0: A;54C5B ?>@O4>G=><C G5;>25:C 2 3>ABOE; 1C4L 256;82 A 4@C38<8 3>ABO<8 - 2>B 8 2A5, G53> 65;05B ;04K:0 4><0. !BC45=B. 0, MB> 4>;3 :064>3> ?>@O4>G=>3> G5;>25:0, :>B>-. @K9 ?@8H5; 2 3>AB8 8 7=05B, GB> B0:>5 256;82>ABL.  BK A0<0 2845;0 %>7O8=0 3>AB8=8FK? @0A820O 65=I8=0. / C65 A:070;0 B515, GB> =8:B> 87 682CI8E 745AL 3> =5 2845;. !BC45=B. B:C40 65 BK C7=0;0 2A5, GB> 3>2>@8;0 <=5? @0A820O 65=I8=0. =5 @0AA:070; 2A5 MB> AB0@8:, :>B>@K9 6825B 745AL A B5E ?>@, :0: 2KAB@>5= MB>B 4><. = 2845; %>7O8=0 ;8F>< : ;8FC 8 @0AA:07K205B > 5< 2A5<, :B> B>;L:> E>G5B A;CH0BL. >= MB>B. AB0@8:, >= 845B AN40,, O E>GC B51O A =8< ?>7=0:><8BL. >4E>48B !B0@8:. @0A820O 65=I8=0. B5F, 2>B AK= <>9. >;N B51O, =5 >AB02L 53>. !B0@8:. "K 7=05HL, GB> O =8:>340 =5 >B:07K20N 2 A2>5< A>25B5 8 ?>:@>28B5;LAB25, => =5 2A5 E>BOB 8<8 ?>;L7>20BLAO. @0A820O 65=I8=0 (ABC45=BC). 0< ?>@0 @0AAB0BLAO, 848 70 >BF><, =5 >AB02;O9 53> =8 =0 <8=CBC. = ?>:065B B515 2A5, GB> 745AL 5ABL. @0A820O 65=I8=0 CE>48B. 59AB285 3 !B0@8:. >945<, AK= <>9, O ?>:06C B515 2A5, GB> 745AL 5ABL. !B0@8: 8 !BC45=B 84CB ?> AF5=5. !BC45=B @0AA<0B@8205B 2A5 A 8=B5@5A><. !BC45=B. 0:85 2KA>:85 ?>B>;:8! =8 B5<=>-A8=53> F25B0 8 C:@0H5=K 725740<8. 9, & AB5= =5 284=> - >=8 2A5 C1@0=K 682K<8 @0AB5=8O<8. 0 ?>;C ;568B 75;5=K9 :>25@. !B0@8: 8 !BC45=B ?>4E>4OB : AB>4C, 70 :>B>@K< A84OB =5A:>;L:> G5;>25:, >=8 604=> 54OB, ?LNB. 3>@;0=OB ?5A=8. !BC45=B (A C60A>< >B2>@0G820OAL}. >65 <>91 0: 4>;6=> . 1KBL 3@CAB=> ;04K:5 4><0 A<>B@5BL =0 MBC >B2@0B8B5;L=CN AF5=C, 2845BL, :0: 157C<=> @0AB@0G820NBAO 3> 4@03>F5==K5 40@K. !B0@8:. 01 <C =5 40@>2 !2>8E 60;:>, 1>30BAB20< 3> =5B AG5B0. <C 60;L MB8E 157C<F52. 4CB 40;LH5.  >4=>< C3;C AF5=K 420 G5;>25:0 45@CBAO 87-70 A5@51@O=>3> 1;N40. !BC45=B. 'B> >=8 45;0NB? 54L MB> 1;N4> =5 8E, 0 %>7O8=0 3>AB8=8FK! !B0@8: 1KAB@> C2>48B !BC45=B0. =8 ?>4E>4OB : !B0@8:C A A>:@>- 2HF5<- !B0@8:, >A<>B@8, 4> G53> <>65B 4>9B8 157C<85 G5;>25G5A:>5! '5@57 ?OBL <8=CB MB>3> AB0@8:0 745AL 1>;LH5 =5 1C45B. 50 !"+ # 01 = =5 2>7L<5B A A>1>9 =8 >4=>3> 87 MB8E' A>:@>28I, 2A5 >AB0=5BAO, 53> A0<>3> B>;L:> =5 1C45B 745AL.  !BC45=BC 8 !B0@8:C ?>4E>4OB =8I85. 8I85. 09B5 =0< ?>5ABL E>BL :CA>G5: E;510. !B0@8:. 0, MB> B0:85 65 3>AB8, => BK 2848HL, :0: ?>ABC?0NB A =8<8 B5, :B> ?>A8;L=55 8 ?>?@>2>@=55. ;04K:0 4><0 ?@54>AB028; 53> 2 @0A?>@O65=85 3>AB59 !2>8E, 8 2>B GB> >=8 745AL 45;0NB. !BC45=B. > ?>G5<C 65 = =5 ?@>3>=8B >BAN40 B0:8E 3>AB59? !B0@8:. 848HL ;8, AK= <>9, = ;N18B A2>8E 3>AB59: = 7=05B, :0:0O AB@0H=0O =>GL >68405B 8E 70 AB5=0<8 MB>3> 4><0, 8 <C 60;L MB8E 157C<F52: = 2A5 645B, =5 8A?@02OBAO ;8 >=8. !BC45=B.  40! E 459AB28B5;L=> 60;L. >945< 65 8 =8<, =0?><=8< 8<, G5< >=8 >1O70=K %>7O8=C MB>3> 4><0 8 GB> A =8<8 1C45B, 5A;8 >=8 =5 8A?@02OBAO, !B0@8:. 5 4C<09, GB>1K >=8 MB>3> =5 7=0;8. 4=064K, 284O, GB> 15AG8=AB2> AB@0H=> 2>7@>A;>, ;04K:0 ?>A;0; : =8< 548=AB25==>3> !K=0 !2>53>, GB>1K ">B =0?><=8; 8< 8E >1O70==>AB8 8 ?>:070; ?@8<5@><, :0: 4>;6=K >=8 68BL. !K= ;04K:8 O28;AO AN40 ?>4 284>< A0<>3> A:@><=>3> 3>ABO. > 70 2A5 A2>5 =54>;3>5 ?@51K20=85 745AL = =5 B>;L:> =5 >1845; =8:>3>, =5 B>;L:> G53>-=81C4L =5 >B=O; C 4@C38E, => ?><>30; 2A5<, :B> B>;L:> =C640;AO 2 3> ?><>I8. 'B> 65, BK 4C<05HL, A45;0;8 A 8< 3>AB8? 7;>1;5==K5 3> A;>20<8, 2 :>B>@KE 1K;> <=>3> 3>@L:>9 4;O =8E ?@024K, >=8 A>1@0;8AL 8 C18;8 !K=0 ;04K:8 - C18;8 70 B>, GB>, 1C4CG8 ?>;=>2;0AB=K< 2;0AB5;8=>< 2A53>, = 68; =8I8<; 70 B>, GB> = ?><>30; =5AG0AB=K<; 70 B>, GB> E>B5; A?0AB8 2A5E. >ABC?0BL, :0: = ?>ABC?0;, BK =5 <>65HL, AK= <>9, => AB0@09AO A45;0BL 2A5, GB> B>;L:> <>65HL, 87 B>3>, GB> = 45;0;. 59AB285 4 0AA:07G8:. 5GL !B0@8:0 3;C1>:> 70?0;0 2 A5@4F5 N=>H8. @>B:89 >1@07 !K=0 ;04K:8 A B5E ?>@ AB>O; =5>BABC?=> ?5@54 53> 3;070<8. !BC45=B AB0@0;AO ?><>GL 2AO:><C G5< B>;L:> <>3. >;3> E>48; >= A> !B0@8:>< 87 :><=0BK 2 :><=0BC, ?><>30O 154=O:0<, AB0@0OAL ?><8@8BL ?@>B82=8:>2, =0?><8=0O > ;04K:5 4><0 2A5< B5<, :>B>@K5 > 5< ?>701K;8. 51 '8B05< A2OB>G=K5 @0AA:07K !BC45=B A> !B0@8:>< ?>4E>4OB : AB>;C, 70 :>B>@K< 15AG8=AB2CNB =5A:>;L:> ;N459, 2 C3>;:5 6<CBAO =8I85. !BC45=B (>1@0I05BAO : A84OI8< 70 AB>;><). -1 >A;CH09B5, ?>G5<C 2K =8G53> =5 405B5 MB8< 154=O30<? -B> 254L =5 20H 4><, =5 20H0 ?8I0! N48 70 AB>;><. ><>;G8, 45@7:89 2KA:>G:0! -B> =5 B2>5 45;>! !BC45=B (AB0@8:C). ! MB8<8 ;N4L<8 =52>7<>6=> 4>3>2>@8BLAO! !B0@8:. >4>648, ?><=8HL, O B515 @0AA:07K20;, GB> !K= %>7O8=0 @073>20@820; A> 2A5<8 :@>B:>, ;0A:>2>. >?@>1C9 5I5 @07. !BC45=B (?>4E>48B : AB>;C). >A<>B@8B5 =0 0B8E 154=KE ;N459, 2A?><=8B5 - 2K A0<8 1K;8 B0:8<8, :>340 ?@8H;8 AN40, 0 20A >45;8, =0:>@<8;8. @>O28B5 8 2K A>AB@040=85 : MB8< ;N4O<, 409B5 8< ?>5ABL. N48 70 AB>;><.  254L >= 2 >1I5<-B> ?@02. 04=>, 40209B5 =0:>@<8< MB8E =8I8E, C =0A 8 B0: <=>3> 1;N4. !BC45=B ?>4E>48B : 45@CI8<AO. !BC45=B. ?><=8B5AL! 0G5< 20< MB>? 5@CI85AO. 48 >BAN40! (%20B-0NB !BC45=B0 8 B>;:0NB 53>.) 0AA:07G8:. K;8 B0:85 ;N48, =0 :>B>@KE ?>459AB2>20;8 A;>20 8 ?@8<5@ N=>H8, 8 >=8 8A?@02;O;8AL; => 1K;8 8 B0:85, :>B>@K5 2AB@5G0;8 A>25BK <>;>4>3> G5;>25:0 3@C1> 8 >B25@30;8 8E A ?@57@5=85<; 4@C385 1@0=8;8 45@7:>3> 2KA:>G:C; B@5BL8 >AK?0;8 53> =0A<5H:0<8; =0H;8AL 4065 8 B0:85 A@548 3>AB59, :>B>@K5 70<0E820;8AL =0 N=>HC G5< ?>?0;> - B0: 3;C1>:> 7045;8 8E A;>20 8AB8=K. 59AB285 5 !B0@8: 8 !BC45=B 84CB ?> AF5=5. !BC45=B. 'B> MB> 70 HC<? 0 4@C3>< :>=F5 AF5=K 4@0:0. >A@548 ?>1>8I0 AB>8B 5HF=20 2 @07>@20==>< ?;0BL5 8 70I8I05B A2>8E <0;5=L:8E 45B59. 5=I8=0 A 45BL<8. -9! B>-=81C4L! !BC45=B 1568B 2 A0<CN 3CIC 4@0:8 8 A?0A05B 5=I8=C A 45BL<8. 52 !"+ # ] 5=I8=0 A 45BL<8 (?0405B =0 :>;5=8). !?0A81> B515, E@01@K9 N=>H0, BK A?0A <>8E 45B59! -B> A0<>5 4>@>3>5, GB> C <5=O; 5ABL. !B0@8:. "K :>=G8; A2>5 45;>, B5?5@L CA=8 A?>:>9=>. !BC45=B E20B05BAO 70 3@C4L. !BC45=B. 0:0O 1>;L! 9, O, :065BAO, @0=5=. / C<8@0N. >O2;O5BAO =35;. =35;. "K :>=G8; A2>5 45;>, ?>945< 70 <=>9. ;04K:0 4><0 7>25B B51O. =35; C2>48B !BC45=B0. 59AB285 6 0 AF5=5 A5<LO !BC45=B0: 0BL, B5F, @0B, !5AB@0. A5 >=8 AB>OB =0 :>;5=OE ?5@54 8:>=>9. E>48B !BC45=B. !BC45=B. 0: O 745AL >GCB8;AO? 45 3>AB8=8F0? 0BL ABC45=B0. !;020 >3C, BK =0:>=5F >G=C;AO! !5AB@0 ABC45=B0. "K 1K; 157 ?0<OB8 F5;K9 G0A. B5F ABC45=B0. "K, 25@=>, CA=C; 2 AB5?8, => ?> AG0ABLN <8<> ?@>5760; :@5ABLO=8= 87 =0H59 45@52=8. @0B ABC45=B0. = C7=0; B51O 8 ?@8257 : =0<. 0: 65 <K 70 B51O 8A?C30;8AL! >, A;020 >3C, BK 682! (1=8<05B 53>.) 0AA:07G8:. >;>4>9 G5;>25: 68; 4>;3> ?>A;5 MB>3>, => =8:>340 =5 701K20; A2>53> A=0; 5<C 2A5340 :070;>AL, GB> 25AL MB>B <8@ =5 1>;55 :0: 3>AB8=8F0, 70 425@O<8 :>B>@>9 645B =0A 55 =52848<K9 %>7O8=. !> 2@5<5=5< !BC45=B AB0; A2OI5==8:><, >= =5 I048; 45=53 =0 4>1@K5 45;0, 8 E>BO A0< 1K; 1545=, => @074020; 2A5, GB> 8<5;. >340 A>A548 8 7=0:><K5 C?@5:0;8 53> 2 B0:>9, :0: >=8 3>2>@8;8, 157@0AAC4=>9 I54@>AB8, B> >= 2AO:89 @07 >B25G0; 8<: A5 MB> =5 <>5 8 =5 20H5 - 2A5 MB> ?@8=04;568B %>7O8=C 75<;8; 2A5 <K 745AL 3>AB8 8 4>;6=K ?><>30BL 4@C3 4@C3C. 5;0B5;L=>, GB>1K 45B8 =5 B>;L:> A>AB028;8 8 =0?8A0;8 AF5=0@89, => 8 @07K3@0;8 53>. .. ;N520 53 @>645AB2> %@8AB>2>_ "5<0. >645AB2> %@8AB>2> &5;L C@>:0. >7=0:><8BL 45B59 A A>1KB8O<8, A2O70==K<8 A ?@074=8:>< >645AB20 %@8AB>20. =0:><AB2> 45B59 A ?@074=8:>< >645AB20 %@8AB>20 ?@>8AE>4OB =0 B@5E C@>:0E (70=OB8OE). 5@2K9 C@>: ?>A2OI5= 520=35;LA:8< A>1KB8O<; =0 2B>@>< C@>:5 45B8 7=0:><OBAO A 8:>=>9, B@>?0@5< 8 :>=-40:>< ?@074=8:0, 0 B0:65 70:@5?;ONB 7=0=8O, ?>;CG5==K5 =0 ?5@2>< C@>:5; =0 B@5BL5< C@>:5 ?@>2>48BAO ?@074=8: >645AB20 %@8AB>20. @8 65;0=88 CG8B5;L <>65B A>:@0B8BL 8;8 C25;8G8BL :>;8G5AB2> C@>:>2 ?> MB>9 B5<5, 0 B0:65 ?>43>B>28BL CB@5==8:. %>4 C@>:0 I, !>>1I5=85 B5<K C@>:0 #G8B5;L. !:068B5, ?>60;C9AB0, :0:>9 A59G0A 3>4? 5B8 >B25G0NB. ~ 0:>5 A>1KB85 O28;>AL =0G0;>< =0H53> ;5B>AG8A;5=8O? 5B8. >645AB2> %@8AB>2>. #. !53>4=O O @0AA:06C 20< > 25;8G09H5< E@8AB80=A:>< ?@074=8:5 - >645AB25 %@8AB>2><. -B>B ?@074=8: >B<5G05BAO ;> F5@:>2=><C :0;5=40@N 25 45:01@O ?> AB0@><C AB8;N.  :B> <>65B A:070BL, :0:>5 MB> G8A;> ?> =>2><C AB8;N? . 7 O=20@O. #. 0: 2K C7=0;8? . @81028;8 B@8=04F0BL. II. >2B>@5=85 #. 0: 720;8 0BL 8ACA0 %@8AB0? . 520 0@8O. #. 'B> <K 7=05< > 59? . 5 @>48B5;8, ?@0254=K5 >0:8< 8 ==0, C<5@;8, :>340 =0 1K;0 5I5 52>G:>9, ?>-F5@:>2=><C - B@>:>28F59. 0@8O 68;0 8 2>A?8BK20;0AL ?@8 E@0<5, ?>:0 =5 2K@>A;0. >340 9 8A?>;=8;>AL 14 ;5B, 2>A?8B0=85 1K;> >:>=G5=> 8 9 =5;L7O 1K;> >AB020BLAO ?@8 E@0<5. =0 =5 E>B5;0 2KE>48BL 70<C6, 402 >15I0=85 A;C68BL >3C, => ?> 70:>=C 4@52=8E !"+ #  8C4552 9 =5 ?>;>65=> 1K;> 68BL >4=>9 8 ?>MB><C 52C 0@8N >1@CG8;8 A 2>AL<845AOB8;5B=8< AB0@F5< >A8D><. 5=0 53> C<5@;0, C =53> 1K;8 27@>A;K5 45B8, 8 0@88 >= AB0; 2<5AB> >BF0. #. 0AA:068B5 ?@> ;03>25I5=85. . 4=064K 525 0@88 O28;AO @E0=35; 02@88; 8 A:070;: 5 1>9AO, 0@8O! / ?@8=5A "515 @04>AB=CN 25ABL: C "51O A:>@> 1C45B !K=. = 1C45B !K=>< !0<>3> >30. "K =07>25HL 3> 8ACA0. III. 7CG5=85 =>2>3> <0B5@80;0 #. N48 402=> >6840;8 !?0A8B5;O. @>@>:8 ?@54A:07K20;8, GB> = @>48BAO 2 8D;55<5, => 520 0@8O A >A8D>< 68;8 2 070@5B5, 0 070@5B >B 8D;55<0 1K; 40;5:>. 0: 65 8A?>;=8;>AL ?@>@>G5AB2>? 4=064K 8<?5@0B>@ 25;5; A45;0BL ?5@5?8AL 2A5E 68B5;59. ;O MB>3> :064K9 G5;>25: 4>;65= 1K; 25@=CBLAO 2 B>B 3>@>4, 345 68;8 53> ?@54:8. >A8D A 0@859 >B?@028;8AL 2 8D;55<, 345 @>48;AO 8E ?@54>: F0@L 0284. 0: 2K 4C<05B5, GB> B0:>5 ?5@5?8AL, 70G5< >=0 1K;0 =C6=0? . <?5@0B>@ E>B5; C7=0BL, A:>;L:> ;N459 6825B 2 AB@0=5. #. @028;L=>. B0:, 520 0@8O A >A8D>< ?@8H;8 2 8D;55<, => 1K; C65 25G5@, 8 <5AB 2 3>AB8=8F5 =5 >AB0;>AL. 520 0@8O A >A8D>< =8:0: =5 <>3;8 =09B8 A515 <5AB> 4;O =>G;530. 0:>=5F =0 >:@08=5 3>@>40 >=8 >1=0@C68;8 ?5I5@C, :C40 2 =5?>3>4C 703>=O;8 A:>B. 45AL, 2 MB>9 ?5I5@5, C 52K 0@88 @>48;AO !K= - >15I0==K9 >3>< !?0A8B5;L <8@0. "0: 8A?>;=8;>AL 4@52=55 ?@>@>G5AB2> > B><, GB> 8ACA %@8AB>A @>48BAO 2 8D;55<5. >68O 0B5@L A?5;5=0;0 ;045=F0 8 ?>;>68;0 2 OA;8. B> 7=05B, GB> B0:>5 OA;8? . 5@52O==>5 :>@KBF5, 87 :>B>@>3> A:>B 5; A>;><C 8 A5=>. #. >340 @>48;AO !?0A8B5;L, 1K;0 3;C1>:0O =>GL, 2A5 A?0;8 8 =8:B> =5 7=0;, GB> A25@H8;>AL. 5 A?0;8 B>;L:> ?0ABCE8, >E@0=O2H85 2 ?>;5 A2>8 AB040. 4@C3 =51> >A25B8;>AL, 8 8< O28;AO 0=35;. 0: 2K 4C<05B5, GB> A:070; 0=35; ?0ABCE0<? . =35; A:070;, GB> @>48;AO !?0A8B5;L. #. @028;L=>, >= A:070;: 5 1>9B5AL, O ?@8H5; A>>1I8BL 20< 25;8:CN @04>ABL. !59G0A 2 8D;55<5 @>48;AO !?0A8B5;L <8@0 8ACA %@8AB>A. K =0945B5 ;045=F0, A?5;5=CB>3> 8 ;560I53> 2 OA;OE".  MB> 2@5<O =0 =515 ?>O28;>AL <=>65AB2> 0=35;>2, :>B>@K5 A;028;8 >30 8 ?5;8: !;020 2 2KH=8E >3C, 8 55 @>645AB2> %@8AB>2> =0 75<;8 <8@, 2 G5;>25F5E 1;03>2>;5=85! 0: 2K ?>=8<05B5 MB8 A;>20? . !;02LB5 >30, B5?5@L =0 75<;5 <8@, A@548 ;N459 1;03>2>;5=85. #. 0: 2K ?>=8<05B5 A;>2> 1;03>2>;5=85? . >1@>5 @0A?>;>65=85 4@C3 : 4@C3C. #. 0ABCE8 ?@8H;8 2 ?5I5@C 8 ?>:;>=8;8AL ;045=FC, 0 ?>B>< @0AA:070;8, GB> A;CG8;>AL A =8<8 2 ?>;5.  B>B G0A, :>340 @>48;AO 8ACA %@8AB>A, 2 =515 7063;0AL 1>;LH0O 725740. -BC 72574C C2845;8 B@8 <C4@5F0 (8E 5I5 =07K20NB 2>;E20<8), 682H85 =0 >AB>:5. =8 ?>=O;8, GB> @>48;AO =0 75<;5 5;8:89 &0@L. C4@5FK ?>H;8 70 72574>9 8 ?@8H;8 :, F0@N @>4C. 45 @>482H89AO &0@L C459A:89? K ?@8H;8 ?>:;>=8BLAO <C, - A?@>A8;8 <C4@5FK. &0@L @>4 1K; >G5=L 7;>9, 8 :>340 >= C7=0; >B 2>;E2>2 > @>645=88 &0@O, >= >G5=L 8A?C30;AO, GB> ?>B5@O5B 2;0ABL =04 F0@AB2><. > ?5@54 <C4@5F0<8 >= ?@8B2>@8;AO 4>1@K< 8 A:070;:  ?@>@>G5AB20E A:070=>, GB> ;045=5F @>48BAO 2 8D;55<5. >948B5, C7=09B5 2A5 > 5<, 8 :>340 =0945B5 3> - 8725AB8B5 8 <5=O, ?>B><C GB> 8 O E>GC ?>9B8 ?>:;>=8BLAO <C. 0: 2K 4C<05B5, ?@0240 ;8 @>4 E>B5; ?>:;>=8BLAO 8ACAC? . 5B. #,  70G5< 65 5<C =C6=> 1K;> 7=0BL, 345 =0E>48BAO ;045=5F? . = E>B5; 3> C<5@B28BL. #. @028;L=>, => 2>;E2K MB>3> =5 7=0;8' 8 >B?@028;8AL 2 8D;55<. 25740 2 =515 H;0 ?5@54 2>;E20<8 8 24@C3 >AB0=>28;0AL :0: @07 =04 B5< <5AB><, 345 =0E>48;8AL 520 0@8O, >A8D 8 ;045=5F. >;E2K >1@04>20;8AL, 2>H;8 2 4><, C2845;8 ;045=F0 A >6859 0B5@LN 8, ?>:;>=82H8AL, ?@8=5A;8 <C A2>8 40@K: 7>;>B>, ;040= 8 A<8@=C (4CH8AB>5 <0A;>). 0 A;54CNI89 45=L <C4@5FK A>1@0;8AL 25@=CBLAO : @>4C, => 8< O28;AO 0=35; 2> A=5 8 25;5; 84B8 4@C3>9 4>@>3>9.  B> 65 2@5<O >A8DC O28;AO 4@C3>9 0=35; 8 A:070;: AB0=L, 2>7L<8 ;045=F0 8 0B5@L 3>, 8 1538 A 8<8 2 38?5B, 8 >AB0209AO B0<, ?>:0 O A=>20 =5 O2;NAL B515, ?>B><C GB> F0@L @>4 8I5B ;045=F0, GB>1K ?>3C18BL 3>. >A8D ?>A;CH0;AO 0=35;0 8 CH5; A 0@859 8 ;045=F5< 2 38?5B.  @>4, C15482H8AL, GB> 53> :>20@=K9 70<KA5; =5 C40;AO, >G5=L @073=520;AO 8 25;5; A;C30< C18BL 2A5E <;045=F52 4> 42CE ;5B 2 8D;55<5 8 56 !"+ #  53> >:@5AB=>ABOE. -B8 <;045=FK 1K;8 ?5@2K<8 <CG5=8:0<8. ?>AB@0402H8<8 70 %@8AB0. >B B0:. ?@>87>H;> >645AB2> %@8AB>2>.  B5?5@L A:068B5, :B> 1K;8 75<=K<8 @>48B5;O<8 %@8AB0. . 520 0@8O 8 >A8D. #.  :B> =0 A0<>< 45;5 1K; BF>< ;045=F0? . >3. #. @028;L=>, 8ACA0 %@8AB0 =07K20NB >3>G5;>25:><, ?>B><C GB> = 1K; 8 ;045=F5<, :0:8< 1K205B 2AO:89 G5;>25:, => >4=>2@5<5==> = 1K; 8 !K=>< >688<, B>@K< 8F>< !2OB>9 "@>8FK. = GC2AB2>20; 3>;>4 8 6064C, @04>20;AO 8 ?5G0;8;AO. A5, GB> 5ABL C ;N459, 1K;> 8 C 53>. @><5 >4=>3>: C 8ACA0 %@8AB0 =5 1K;> 3@5E>2. 0G5< 65 >3 AB0; G5;>25:><? !2OI5==><CG5=8: ;048<8@ (>3>O2;5=A:89) 3>2>@8B >1 MB>< B0:: !B>O; =5:>340 2 >4=>< <5AB5 ?@5:@0A=K9 3>@>4.  MB>< 3>@>45 68; 5;8:89 &0@L, 8<52H89 548=AB25==>3> !K=0, >B>@>3> = >G5=L ;N18;. 4=064K &0@L A:070; !K=C: "A5, G5< O >1;040N, ?@8=04;568B 8 "515. 54L / - "2>9 B5F, 0 "K - >9 !K=. K A ">1>9 - >4=>! -B> 1K;0 482=0O 687=L, ?>;=0O @04>AB8 8 1;065=AB20. "0< =5 1K;> =8 =C64K, =8 3>;>40, =8 1>;57=59; =5 1K;> B0< 8 AA>@, => 2A5 ;N18;8 4@C3 4@C30; B0< =8:B> =8:>340 =5 C<8@0;, => 2A5 2A5340 1K;8 <>;>4K. 'C4=K9 3>@>4 MB>B AB>O; =0 2KA>:>9 3>@5, A :>B>@>9 <>6=> 1K;> 2845BL 4@C3>9 3>@>4. > :0: =5 ?>E>6 1K; MB>B 3>@>4 =0 ?5@2K9! "0< 68;8 154=K5 ;N48, :>B>@K5 G0AB> 1>;5;8, ?>4>;3C =8G53> =5 5;8, =5@54:> 70<5@70;8. @><5 B>3>, MB8 ;N48 =5 8<5;8 2708<=>3> <8@0 8 ;N128 <564C A>1>9: >=8 G0AB> AA>@8;8AL, 4@0;8AL 8 C1820;8 4@C3 4@C30. >340 &0@528G C2845; 2A5 154AB28O MB8E ;N459, <C AB0;> >G5=L 60;L 8E. = ?>1560; : BFC 8 A:070;: B5F, =5;L7O ;8 ?><>GL MB8< 154=K< ;N4O<? > B5F AB@>3> >B25B8;: 8;K9 !K=1 0: G0AB> / ?@83;0H0; MB8E ;N459 : 0< 2 3>@>4, => >=8 =5 ?>65;0;8. ">340 !K= A:070;: >72>;L =5 !0<><C ?>9B8 : MB8< 60;:8< ;N4O<, / A:06C 8<, :0: "K 4>1@ 8 :0: E>@>H> C 0A. @8 MB8E A;>20E BFC AB0;> 3@CAB=>, 8 = >B25B8;: >@>3>9 !K=! =8 - ;N48, 8 40;5:> =5 2A5 ?>A;CH0NB "51O. >;LH0O G0ABL 87 =8E A>GB5B "51O 70 >1<0=I8:0, "51O C1LNB. > <C65AB25==K9 8 ;N125>18;L=K9 !K= >B25B8;; B5F, 2A5 @02=> 4>72>;L =5 ?>9B8 A45;0BL MB>, 8 5A;8 O =5 A?0AC 2A5E, B> A?0AC ?> @>645AB2> %@8AB>2> 57 :@09=59 <5@5 =5:>B>@KE 87 =8E, 8 70 MB> / >E>B=> >B40< !2>N 687=L. - C E>@>H>, !K= >9, 848 : MB8< ;N4O<. 0: 2K 4C<05B5, :B> B0:>9 &0@L 8 3> !K=? . >3 8 8ACA %@8AB>A. #.  GB> MB> 70 ?@5:@0A=K9 3>@>4? . 51>. #.  154=K9 3>@>4? . 0H0 75<;O. #. 0G5< 65 8ACA %@8AB>A A>H5; =0 75<;N? . 'B>1K @0AA:070BL, :0: E>@>H> =0 515, 8 ?@8720BL =0A : !515 =0 51>. 'B>1K =0CG8BL =0A 68BL 2 ;N128 4@C3 : -4@C3C. IV. 0:@5?;5=85 ?@>945==>3> <0B5@80;0 #. B25BLB5 =0 2>?@>AK. 0: =07K205BAO ?@074=8: @>645=8O 8ACA0 %@8AB0? . >645AB2>. #. &0@L, :>B>@K9 E>B5; C18BL ;045=F0 8ACA0, . @>4. #, 5AB>, :C40 520 0@8O ?>;>68;0 >2>@>645==>3>. . /A;8. #. 'B> ?@825;> <C4@5F>2 : 4><C 8ACA0 %@8AB0? . 25740. #. '53> C >30 =5B, 0 C =0A 5ABL? . @5E. #. 'B> ?@8=5A;8. ;045=FC 2>;E2K? . 0@K. #. 0: =07K205BAO 3>@>4, 345'@>48;AO !?0A8B5;L? . 8D;55<. V. >42545=85 8B>3>2 C@>:0 #.  :0:>< ?@074=8:5 <K A53>4=O 3>2>@8;8? .  >645AB25 %@8AB>2><. #. 45 >=> ?@>87>H;>? .  8D;55<5. #. >G5<C >A8D A 52>9 0@859 ?@8H;8 2 8D;55<? ,. <?5@0B>@ ?>25;5; ?@89B8 8< 2 MB>B 3>@>4 4;O ?5@5?8A8, B0: :0: B0< 68; 8E ?@54>: F0@L 0284. #. >G5<C >=8 >AB0=>28;8AL 2 ?5I5@5? .  3>AB8=8F5 =5 1K;> <5AB. #. B> ?5@2K9 C7=0;, GB> @>48;AO %@8AB>A? 58 !"+ #  . 0ABCE8. #. 'B> ?5;8 0=35;K? . !;020 2 2KH=8E >3C, 8 =0 75<;8 <8@, 2 G5;>25F5E 1;03>2>;5=85. #. B> 8ACA %@8AB>A? ' . >3>G5;>25:. #. B> 1K;8 2>;E2K? . C4@5FK. #. 'B> >=8 ?@8=5A;8 2 40@ 8ACAC %@8ABC? . 040=, 7>;>B>, A<8@=C. #. B> 1K;8 ?5@2K5 <CG5=8:8 70 %@8AB0? . ;045=FK, 70<CG5==K5 @>4><. VI. ><0H=55 7040=85 #. ><0 =0G=8B5 45;0BL >B:@KB:8, GB>1K ?>74@028BL 2A5E @>4=KE 8 4@C759 A >645AB2><, 0 5I5 !45;09B5 0=35;>2 4;O C:@0H5=8O =0H59 5;:8. .- ;N520 "5<0. >43>B>2:0 : ?@074=8:C >645AB20 %@8AB>20 &5;8 C@>:0. >7=0:><8BL A 8:>=>3@0D859 ?@074=8:0, B@>?0@5< 8 :>=40:>< >645AB20; ?>2B>@8BL 8 >1>1I8BL 7=0=8O > >645AB25 %@8AB>2><. %>4 C@>:0 I. !>>1I5=85 B5<K C@>:0 #G8B5;L.  :0:>< ?@074=8:5 <K 3>2>@8;8 =0 ?@>H;>< C@>:5? 5B8.  >645AB25 %@8AB>2><. #. !53>4=O <K ?@>4>;68< 87CG5=85 MB>3> ?@074=8:0. K CA;KH8B5 =5:>B>@K5 <>;8B2K MB>3> ?@074=8:0, 0 > G5< 5I5 <K 1C45< 3>2>@8BL, 2K C7=05B5, 5A;8 >B30405B5 70304:C: !?8=>9 : AB5=5, 0 ;8F>< : 8715*. 'B> MB>? . :>=0. #. 0: 4>3040;8AL? . 8: =0 8:>=5 >1@0I5= : ;N4O<, : 8715. >43>B>2:0 : ?@074=8:C >645AB20 %@8AB>20 59 #. @028;L=>. 0: 2K 4C<05B5, > :0:>9 8:>=5 <K 1C45< 3>2>@8BL? . 1 8:>=5 >645AB20 %@8AB>20. II. >2B>@5=85 #. 0AA:068B5 > B><, ?@8 :0:8E >1AB>OB5;LAB20E @>48;AO !?0A8B5;L. B> ?@8H5; : 5<C ?>:;>=8BLAO? 0G5< 8ACA %@8AB>A ?@8H5; =0 75<;N? 5B8 >B25G0NB. III. 7CG5=85 =>2>3> <0B5@80;0 #. !59G0A 2K CA;KH8B5 B@>?0@L ?@074=8:0. B> 7=05B, GB> B0:>5 B@>?0@L? . &5@:>2=>5 ?5A=>?5=85. #. "@>?0@L - MB> F5@:>2=>5 ?5A=>?5=85, >1JOA=ONI55 A<KA; ?@074=8:0. 2CG8B 70?8AL B@>?0@O. -- >A<>B@8B5 =0 4>A:C, B0< =0?8A0=K A;>20 B@>?0@O: >645AB2> "2>5, %@8AB5 >65 =0H, 2>7A8O <8@>28 A25B @07C<0; 2 =5< 1> 725740< A;C60I89 72574>N CG0ECAO "515 :?0=OB8AO, !>;=FC ?@024K, 8 "515 2545B8 A 2KA>BK >AB>:0. >A?>48, A;020 "515. "@>?0@L >645AB20 %@8AB>20, :0: 8 2A5 <>;8B2K, =0?8A0= =0 F5@:>2=>-A;02O=A:>< O7K:5, ?>MB><C =5:>B>@K5 A;>20 =5 >G5=L ?>=OB=K. >-@CAA:8 MB0 <>;8B20 1C45B 72CG0BL B0:: >645AB2> "2>5, %@8AB>A >3 =0H, >A25B8;> <8@ A25B>< @07C<0. '5@57 =53> ?>:;>=O2H85AO 725740< 1K;8 =0CG5=K 72574>9 ?>:;>=OBLAO "515, !>;=FC ?@024K, 8 7=0BL "51O - >AB>:, A>H54H89 A 2KA>BK. >A?>48, A;020 "515. B> B0:85 ?>:;>=O2H85AO 725740<? . >;E2K. #. 0: 2K 4C<05B5, :>3> 2 B@>?0@5 =07K20NB !>;=F5< ?@024K 8 >AB>:><? . 8ACA0 %@8AB0. #. >G5<C? 'B> 1K205B =0 >AB>:5? . >AE>48B A>;=F5. #. !?0A8B5;O =07K20NB !>;=F5< ?@024K 8 >AB>:><, ?>B><C GB> = ?@8=5A ;N4O< 25ABL > 87=8 5G=>9, B> 5ABL 40; 8< =04564C, A25B.  B5?5@L 40209B5 ?>A;CH05< B@>?0@L 5I5 @07. 60 !"+ #  2CG8B 70?8AL B@>?0@O. #. >340 =0ABC?05B F5@:>2=K9 ?@074=8:, B> ?>A@548 F5@:28 AB028BAO 8:>=0 ?@074=8:0. >B 8 =0 >645AB2> %@8AB>2> 2 F5@:28 ?>AB02OB B0:CN 8:>=C. (>:07K205B 8:>=C.) 'B> 2K =0 =59 2848B5? . 5I5@C, >68N 0B5@L, ;045=F0, 0=35;>2. #. 'B> <K 2848< 2 F5=B@5 8:>=K? . 5I5@C, 2 :>B>@>9 ;568B ;045=5F, 8 52C 0@8N, #. K ?><=8B5, ?>G5<C ;045=5F @>48;AO 2 154=>9 ?5I5@5? . < =5 E20B8;> <5AB0 2 3>AB8=8F5. #- B> 87>1@065= =025@EC? . =35;K. #, 'B> ?5;8 0=35;K 2 =>GL >645AB20 %@8AB>20? . !;020 2 2KH=8E >3C, 8 =0 75<;8 <8@, 2 G5;>25F5E 1;03>2>;5=85. #. B> 87>1@065= A?@020? . 0ABCE8. #. 0: >=8 C7=0;8, GB> @>48;AO !?0A8B5;L? . < O28;AO 0=35; 8 A:070;, GB> ?@>87>H;> 2 MBC =>GL. #, B> 87>1@065= =0 8:>=5 A;520? . >;E2K. #.  :0: >=8 C7=0;8 > @>645=88 ;045=F0? . =8 H;8 70 72574>9. #- 848B5 55 =0 8:>=5? B> =0E>48BAO 2=87C 8:>=K? . >A8D. #.  5I5 2=87C 87>1@065=>, :0: ><K20NB ;045=F0. K 70<5B8;8, GB> =0 8:>=5 87>1@065=K 2A5 A>1KB8O A@07C, 8 5A;8 C<5BL 2845BL 8:>=C, B> <>6=> C7=0BL >1> 2A5E A>1KB8OE ?@074=8:0.  5I5 > A>1KB8OE ?@074=8:0 3>2>@8BAO 2 F5@:>2=>< ?5A=>?5=88, :>B>@>5 =07K205BAO :>=40:. >A<>B@8B5, =0 4>A:5 70?8A0=K A;>20 :>=40:0, MB> :0: 1K 8:>=0 ?@074=8:0 2 ?5A=>?5=88. 520 4=5AL @5ACI5AB25==03> @06405B, 8 75<;O 25@B5? 5?@8ABC?=><C ?@8=>A8B; 0=35?8 A ?0ABK@L<8 A;02>A;>2OB, 2>;A28 65 A> 72574>N ?CB5H5AB2CNB; =0A 1> @048 @>48AO B@>G0 <;04>, @525G=K9 >3. >43>B>2:0 : ?@074=8:C >645AB20 %@8AB>20 61 #. @>G8B09B5 =0G0;> :>=40:0, . 520 4=5AL @5ACI5AB25==03> @06405B. #. 'B> 7=0G8B 4=5AL? . !53>4=O. #.  G5< 3>2>@8BAO 745AL? .  B><, GB> A53>4=O 520 @>48;0 @5ACI5AB25==>3>. #. @5ACI5AB25==K9 - ">B, B> 2KH5 2A53> ACI5AB2CNI53>.  G5< 3>2>@8BAO 40;LH5? .  B><, GB> 75<;O ?@8=5A;0 <C 25@B5?, #. 5@B5? - MB> ?5I5@0, 2 :>B>@>9 @>48;AO !?0A8B5;L. 'B> 45;0NB 0=35;K? . ! ?0ABCE0<8 A;02OB >30. #. B> B0:85 2>;A28? . >;E2K - <C4@5FK. #. 'B> >=8 45;0NB? . CB5H5AB2CNB A> 72574>9. #. 0:8<8 A;>20<8 70:0=G8205BAO :>=40:? . 0A 1> @048 @>48AO B@>G0 <;04>, @525G=K9 >3. #. 0: 2K ?>=8<05B5 MB8 A;>20? . 048 =0A @>48;AO ;045=5F, @5425G=K9 >3. #. 0209B5 B5?5@L ?>A;CH05< 70?8AL MB>3> :>=40:0. 2CG8B :>=40:. - >340 !?0A8B5;L A>H5; =0 75<;N, :064>5 87 1>;LH8E B2>@5=89 ?@8=5A;> <C A2>8 40@K. 5@5G8B09B5 A;>20 :>=40:0 8 A:068B5, > :0:>< 40@5 2 =5< 3>2>@8BAO. . 5<;O ?@8=5A;0 2 40@ ?5I5@C. #. 0: 2K 4C<05B5, GB> ?@8=5A;8 <C =515A0? . 2574C. #.  0=35;K? . !2>9 38<=. #. 'B> ?@8=5A;8 !?0A8B5;N 2>;E2K? . >;>B>, ;040= 8 A<8@=C. #. >;>B> 2>;E2K ?@5?>4=5A;8, ?>G8B0O 2 8ACA5 &0@O 8 :0: 1K ?;0BO <C 40=L; ;040= - ?>:;>=OOAL <C :0: >3C, 54L ;040=>< :04OB 2> 2@5<O 1>3>A;C65=8O; 0 A<8@=C - :0: G5;>25:C, :>B>@K9 4>;65= C<5@5BL, ?>A:>;L:C B>340 1K;> @8=OB> ?><07K20BL 5N B5;> C<5@H53>. 62 !"+ #  >4 G5;>25G5A:89 ?@8=5A 2 40@ 5?>@>G=CN 52C 0@8N.  :0: 2K 4C<05B5, GB> ?@8=5A;8 2 40@ ?0ABCE8, 254L >=8 1K;8 154=K? . 5@C. #. K B>65 <>65< ?@8=5AB8 2 40@ 25@C, =04564C =0 B>, GB> 2A5 =0<8 ?5@568205<>5 ?>?CA:05BAO >A?>4>< 4;O =0H53> 8A?@02;5=8O 8 A?0A5=8O, 0 5I5 <K ?@8=>A8< ;N1>2L : >3C 8 ;N4O<. 0: <K ?@>O2;O5< ;N1>2L : >3C? . >;8<AO >3C 8 A>1;N405< 3> 70?>2548. #.  :0: ?@>O2;O5BAO ;N1>2L : 1;86=5<C? . 04> ?><>30BL ;N4O<, =5 AA>@8BLAO, =5 >1860BLAO. #. !:>@> ?@074=8: >645AB20 %@8AB>20, GB> <K <>65< A45;0BL 4;O A2>8E 4@C759 8 1;87:8E : MB><C ?@074=8:C? . >40@:8. #. 45 <K <>65< 27OBL ?>40@:8? . C?8BL, A45;0BL A0<8. #. K A:070;8 2A5 ?@028;L=>, => 5ABL O 4@C30O 2>7<>6=>ABL, <>6=> ?@8=5AB8 2 40@ A51O, :0: >A?>4L >B40; ;N4O<| !0<>3> !51O. @82548B5 ?@8<5@K, GB> <K <>65< A45;0BL A0<8| 4;O 4@C38E ;N459. 1 . >G8B0BL <0;5=L:><C 1@0BC :=86:C, C1@0BL :><=0BC, A?5BL ?5A=N 4;O 4@C38E, ?><>GL @>48B5;O<. , #.  B5?5@L ?>A;CH09B5 8AB>@8N >1 >4=>< ?>40@:5. 4=><C G5;>25:C, 70:;NG5==><C 2 BN@L<C 70 25@C 2> %@8AB0. ?@8:070;8 A=OBL :@5AB, :>B>@K9 >= 2A5340 =>A8;. = >B:070;AO 8 1K; B0: 65AB>:> 8718B, GB> ?>B5@O; A>7=0=85. >340 >= >G=C;AO, =0 53> 3@C48 C65 =5 1K;> :@5AB0. '5;>25: 2 A>A54=59 :0<5@5 7=0;, GB> ?@>87>H;> 8 :0: <=>3> 7=0G8; :@5AB 4;O MB>3> 70:;NG5==>3>.  :0<5@5 1K; AB@0H=K9 E>;>4, => >= A=O; A2>9 H5@ABO=>9 =>A>:, @0A?CAB8; 53> 8, A?;5BO 87 =53> :@5AB, ?@>AC=C; A>A54C G5@57 >B25@AB85 4;O M;5:B@>?@>2>4:8 . 'B> 2K <>65B5 A:070BL >1 MB>< ?>40@:5? >6=> ;8 53> =0720BL 4>@>38<? >G5<C? . 0. ?>B><C GB> G5;>25: >1@04>20;AO :@5ABC, >= 1K; 5<C " =5>1E>48<. #.  1K; ;8 ?>40@>: 4>@>38< A B>G:8 7@5=8O A>A540? >G5<C? . 0, B0: :0: >= A45;0; :@5AB 87 =>A:0, 0 2 :0<5@5 1K;> >G5=L E>;>4=>. 63 @074=>20=85 >645AB20 %@8AB>20 IV. 0:@5?;5=85 <0B5@80;0 #. @>G8B09B5 B@>?0@L ?@074=8:0, A:068B5 A2>8<8. A;>20<8, > G5< 2 =5< 3>2>@8BAO. .  B@>?0@5 ?@>A;02;O5BAO !?0A8B5;L 8 3> >645AB2>. . #. 'B> 87>1@065=> =0 8:>=5 ?@074=8:0?' ; . A5 A>1KB8O >645AB20; ?>:;>=5=85 ?0ABCE>2, ?>:;>=5=85 2>;E2>2, A;02>A;>285 0=35;>2. #. 'B> B0:>5 :>=40:? . &5@:>2=>5 ?5A=>?5=85, 2 :>B>@>< @0AA:07K20NBAO A>1KB8O ?@074=8:0. #. 'B> <K ?@8=>A8< 2 40@ !?0A8B5;N? . 5@C, =04564C, ;N1>2L. V. >42545=85 8B>3>2 #.  :0:>< ?@074=8:5 <K A53>4=O 3>2>@8;8? .  >645AB25 %@8AB>2><. #. 'B> =>2>3> 2K C7=0;8 =0 C@>:5? . K C7=0;8 B@>?0@L, :>=40: ?@074=8:0, @0AA<0B@820;8 8:>=C >645AB20 %@8AB>20. VI. ><0H=55 7040=85 #.  A;54CNI89 @07 ?@8=5A8B5 83@CH:8 4;O =0H59 5;:8. 0948B5 8 @07CG8B5 AB8E8, ?>A2OI5==K5 >645AB2C. 0AA?@>A8B5 1;87:8E, =5 7=0NB ;8 >=8 :0:8E-;81> @>645AB25=A:8E :>;O4>:. .. ;N520 "5<0. @074=>20=85 >645AB20 %@8AB>20 &5;8 C@>:0. >7=0:><8BL A ?@02>A;02=K<8 B@048F8O<8 @CAA:>3> =0@>40; >1>1I8BL 2 70:@5?8BL 7=0=8O, ?>;CG5==K5 =0 ?@54K4CI8E C@>:0E. %>4 C@>:0 I. >2B>@5=85 #G8B5;L.  :0:><C ?@074=8:C <K A 20<8 3>B>28;8AL? 64 !"+ #  5B8.  >645AB2C %@8AB>2C. #. B> =0?><=8B >A=>2=K5 A>1KB8O MB>3> ?@074=8:0? 5B8 >B25G0NB. ' II. !>>1I5=85 B5<K C@>:0 #. #30409B5, GB> MB>. 'B> 65 MB> 70 4528F0? 5 H25O, =5 <0AB5@8F0, 8G53> A0<0 =5 HL5B,  2 83>;:0E :@C3;K9 3>4? . ;:0. #. 0: 4>3040;8AL? .  70304:5 3>2>@8BAO > B><, GB> C =55 83>;:8 2<5AB> ;8ABL52, #. >A;CH09B5 4@52=55 ?@540=85 > 5;>G:5, / ?><=N 4@52=55 ?@540=L5 02=>, 402=> <8=C2H8E 4=59, >340 2 @>645AB25=A:>< A8O=L8 25740 1;5A=C;0 4;O ;N459,  E>@K 0=35;LA:85 ?5;8 5<;5 A2OBCN ?5A=L A =515A,  A25B;>9 @04>ABLN 725=5;8 . &25BK 2 ?>;OE 8 B5<=K9 ;5A.  H;8 2>;E2K 70 B>9 72574>N, =8 : %@8ABC-;045=FC H;8,  2>B ?>4 :@>2;5N ?@>AB>N =8 !?0A8B5;O =0H;8... , 2A5 ;8:CO, :> 8ACAC "O=C;8AL @04>AB=>9 <5GB>9. >94C : 5<C 8 ?>:;>=NAO, ~ (5?B0; >@5H=8: <>;>4>9, - !=5AC 40@K <>8 ?@>ABK5...  O A B>1>9, - A:070; F25B>2, - !>2LNAL 2 25=>G:8 3>;C1K5, " 'B>1 = 83@0BL A> <=>N <>3.  =56=> O1;>=O H5?B0;0: <C A=5AC ?;>4K <>8!  @>70 B=E> >B:@K20;0 5=FK 4CH8ABK5 A2>8. @074=>20=85 >645AB20 %@8AB>20 65  5;L, 157<>;2=0O,B>A:CO, !B>O;0 2 AB>@>=5 >4=0: .'B> ?@8=5AB8 %@8ABC <>3C O?  74KE0O, 4C<0;0 >=0.  2>B A:;>=8 ;8A O A 40@0<8  %@8ABC 45@52LO 8 F25BK,  ?0;L<0 A ?KH=K<8 25B2O<8,  @>70 482=>9 :@0A>BK. 4564K ;8;89 15;>A=56=KE # =>3 %@8AB0 :>2@>< ;53;8, 8HL 5;:0 2 3@CAB8 157=0456=>9 @>AB5@;0 25B:8 8740;8, > 24@C3 1;5A=C;8, 706830OAL, 0 =59 1@8;LO=BK A:>@1=KE A;57.  >15@=C;AO, C;K10OAL, 5 A8O=8N %@8AB>A.  A MB8E ?>@ %@8AB>2>9 5;:>9 =0 7>25BAO C ;N459,  1;5ICB A:@><=K5 83>;:8  >3=5 @>645AB25=A:8E A25G59. >B :0:>5 GC45A=>5 @>645AB25=A:>5 ?@540=85! "5?5@L 2K 7=05B5, GB> 70 A2>N A:@><=>ABL 5;>G:0 1K;0 871@0=0 >688< !K=><. !53>4=O 2K =5 B>;L:> C7=05B5, :0: ?@074=>20;8 >645AB2> C =0A =0 CA8, => 8 ?@8<5B5 CG0AB85 2 :>=:C@A0E. 0745;8B5AL =0 :><0=4K ?> @O40<. >A<>B@8B5 =0 4>A:C, C :064>3> @O40 1C45B A2>O 1C<06=0O 5;>G:0, :>B>@CN =04> 1C45B C:@0A8BL. 0 :064K9 ?@028;L=K9 >B25B O 1C4C 25H0BL =0 5;:C 83@CH:C. K83@05B B0 :><0=40, C :>B>@>9 =0 5;>G:5 1C45B 1>;LH5 83@CH5:. III. A=>2=0O G0ABL C@>:0 #. ;O B>3> GB>1K 4>AB>9=> 2AB@5B8BL >645AB2>, =04> ?>AB8BLAO. 'B> B0:>5 ?>AB? . -B> B0:>5.2@5<O, :>340 ;N48 2>745@6820NBAO >B ;8H=59 8 >?@545;5==>9 ?8I8 8 A2>8E =5E>@>H8E ?@82KG5:. #. >AB ?@5645 2A53> CAB0=>2;5= 4;O B>3>, GB>1K ?><>GL G5;>25:C >G8AB8BL A51O >B 3@5E>2. > 2@5<O ?>AB0 <K :05<AO, !"+ #  8A?>254C5< 3@5E8 - 87102;O5<AO >B =8E, 8A?@02;O5<AO 8 2 G8AB>B5 4CH8 2AB@5G05< ?@074=8:. >AB A0<>5 ?>4E>4OI55 2@5<O, GB>1K ?><>GL 1;86=8<. 5@2>5 7040=85: ?@82548B5 ?@8<5@K, :0: <K <>65< ?><>GL 1;86=8<. 5B8 >B25G0NB. B25BK >F5=820NBAO 8 2K25H820NBAO 83@CH:8. - 5=L >645AB20 %@8AB>20 2 F5@:28 ?@074=C5BAO >A>15==> B>@65AB25==>. %@0< C:@0H5= 5;:0<8. !2OI5==8:8 =04520NB A0<K5 ;CGH85 >45O=8O - 15;>A=56=K5 @87K. 06830NBAO 2A5 ;0<?04:8. -B> B>@65AB2> 4;8BAO 12 4=59, 4> @5I5=8O. >AG8B09B5, :0:>5 MB> G8A;>? . 19 O=20@O. #. @5<O >B >645AB20 4> @5I5=8O =07K205BAO A2OB:0<8. 0: 2K 4C<05B5, ?>G5<C? . -B> A2OBK5 4=8. #.  B5?5@L 2B>@>5 7040=85. 064>9 :><0=45 405BAO AB8E>B2>@5=85 > >645AB25. K 4>;6=K ?>43>B>28BLAO 8 ?@>G8B0BL 53> A 2K@065=85<. 5B8 G8B0NB AB8E>B2>@5=8O. * * * >GL B8E0, ?> B25@48 7K1:>9 2574K N6=K5 4@>60B. G8 0B5@8 A C;K1:>9  OA;8 B8E85 3;O4OB. /A;8 B8E> A25BOB 27>@C, 70@5= 0@88 ;8:, 2574=K9 E>@ : 8=><C E>@C !;CE>< B@5?5B=K< ?@8=8:.  =04 8< 3>@8B 2KA>:> "0 725740 40;5:8E AB@0=: ! =59 =5ACB F0@8 >AB>:0 ;0B>, A<8@=C 8 ;040=. (. $5B) ">3>, B> 25G=> 1K; 8 5ABL. >6405B <8@C 520 4=5AL.  5?@8ABC?=><C <C - @074=>20=85 >645AB20 %@8AB>20 67 5?>AB868<><C C<C 5<;O =0H;0 C65 ?@8NB.  2 =515 0=35;K ?>NB,  ?0ABCE8 A?5H0B A E>;<0,  ?@54 72574>9 B5A=8BAO BL<0,  70 72574>9 84CB 2>;E2K.  2 MBC =>GL ?>7=0;8 <K, 0: @048 =0A @>48BLAO <>3 ;045=5F - = 65 25G=K9 >3. (. (84;>2A:89) /2;5=85 0=35;0 ?0ABK@O< AB0=LB5 8 ?>948B5  3>@>4 8D;55<; CH8 CA;048B5  A:068B5 2A5<; !?0A ?@8H5; : =0@>4C, !?0A O28;AO 2 <8@! !;020 2 2KH=8E >3C,  =0 75<;8 <8@! "0<, 345 >B4KE05B . 5AA;>25A=0 B20@L,  OA;OE ?>G8205B A53> <8@0 &0@L! . (. 0=A:0O) 5B8 2K?>;=ONB 7040=85, ?>42>4OBAO 8B>38. - # @CAA:>3> =0@>40 ACI5AB2C5B 1;03>G5AB82K9 >1KG09 =0:0=C=5 >645AB20 - 2 A>G5;L=8: - =8G53> =5 5ABL 4> ?>O2;5=8O ?5@2>9 72574K. @074=8G=K9 AB>; ?>:@K20;AO A5=>< 8;8 A>;><>9, GB>1K =0?><=8BL <5AB> @>645=8O !?0A8B5;O 8 OA;8, 2 :>B>@K5 = 1K; ?>;>65= ?@8 @>645=88. 0 ?@074=8G=>< AB>;5 A@548 @07=>3> C3>I5=8O >1O70B5;L=> 1K;0 :CBLO-A>G82> (A20@5==K5 2 <54C 75@=0) 8 2720@, B> 5ABL ACH5=K5 ?;>4K, A20@5==K5 2 2>45. -B8 1;N40 A8<2>;8G5A:8 2K@060;8 @>645=85 (2720@ >1K:=>25==> 20@8;AO ?> ?>2>4C @>645=8O @515=:0) 8 A<5@BL :@5AB=CN !?0A8B5;O (:CBLN 5;0NB =0 ?>E>@>=0E). 0 >:=> 2 :064>< 4><5 >1O70B5;L=> AB028;0AL A25G:0, GB>1K >A8D A 52>9 0@859 =5 A18;8AL A ?CB8. 68 !"+ #   B5?5@L A;54CNI55 7040=85: O 70304K20N 70304:8. 'LO :><0=40 1KAB@55 ?>4=8<5B @C:C. B0 8 >B25G05B. 45 @>48;AO =0H !?0A8B5;L -5AB> 20< 8725AB=> 2A5<. C A:>@55 =07>28B5. -B> 3>@>4... . 8D;55<. #.  0;KHC =0 5=L @>645=LO @C6=> ?@81K;8 2>;E2K: @8=5A;8 2 ?>40@>: 45=L38? 5B?  GB>? !:068B5 2K. . >;>B>, ;040=, A<8@=C. #. !>;><:C 2<5AB> ?5;5=>: <55B 2 OA;OE 515=>:;  =C645 = @>48;AO 8 @>A,  720;8 3>... . 8ACA %@8AB>A. #. !8=55 <>@5, E@CAB0;L=K5 15@530,  ?>A5@548=5 CB:0. . 0<?040. #. 725A8BL =5;L7O, 7<5@8BL =5;L7O,  68BL 157 B>3> =5;L7O. .CH0. #. 5B 3>;>2K, 0 5ABL CH8; 5B @B0, 0 5ABL O7K:. . >;>:>;. #G8B5;L ?>42>48B 8B>38. #. > 25G5@0< 2 A2OBK5 4=8 ;N48 E>48;8 :>;O4>20BL, B> 5ABL A;028BL %@8AB0 ?> 4><0<. -B8E ;N459 =07K20;8 E@8AB>A;020<8. 0@>4=K5 ?5A=8 ?@> >645AB2> %@8AB>2>, :>B>@K5 >=8 ?5;8. =07K20NB :>;O4:0<8. !;54CNI55 7040=85: ?@>A;CH09B5 :>;O4:C 8 A:068B5, > :0:8E A>1KB8OE 2 =59 3>2>@8BAO. !;>20 :>;O4>: <>6=> =0?8A0BL =0 4>A:5. >645AB2> %@8AB>2> 0ABK@8 2 ?5I5@C 5@2K5 ?@8H;8 @074=>20=85 >645AB20 %@8AB>20  ;045=F0 >30 ! 0B5@LN =0H;8. !B>O;8, <>;8;8AL, %@8ABC ?>:;>=8;8AL. =5AL %@8AB>2> >645AB2>. 51> 8 75<;O > 8D;55<5, 2> 8D;55<5 5A5;0 =>28=0! '8AB0O 520, '8AB0O 520 >@>48;0 !K=0! 04C9B5AO 2A5 ;N485... @8H;8 : 5<C B@8 F0@O, >:;>= :;04CB, 40NB 40@K. 5A5;0O =0< =>28=0. >@>48;0 520 !K=0, 0@8O, 0@8O, 0@8O. 5B8 >B255G0NB. #G8B5;L ?>42>48B 8B>38. - '0AB> .E@8AB>A;02K =>A8;8 25@B5? - MB> OI8:, C?>4>1;5==K9 ?5I5@5, C:@K2H59 >3><;045=F0.  25@B5?5 1K;8 ?@54AB02;5=K 87>1@065=8O 52K 0@88, >A8D0, !?0A8B5;O. =>340 87>1@060;8 5I5 ?0ABCE>2 8 2>;E2>2. !> 2@5<5=5< OI8G5: ?@5B5@?5; 87<5=5=8O. "5?5@L >= C65 =0?><8=0; =5 ?5I5@:C, 0 G0A>25=:C, >;8F5B2>@ONICN &5@:>2L %@8AB>2C. > 1K20NB 25@B5?K, :>B>@K5 =8:B> =5 =>A8B, 8E AB02OB 2 A5@548=5 E@0<0, C18@0NB F25B0<8 8 E2>9=K<8 25B:0<8, 0 2=CB@L AB022OB 8:>=C >645AB20 %@8AB>20. "5?5@L 20< =>2>5 7040=85: G0AB> 2 25@B5?5 D83C@:8 42830;8AL, 8 <>6=> 1K;> C2845BL ?@54AB02;5=85. # <5=O 2 @C:0E ?L5A0 4;O 25@B5?0, >=0 =07K205BAO @>4-F0@L, 0 =0?8A0; 55 "8E><8@>20. > 2>B 1540: 2 :=835 ?@>?0;8 =04?8A8, :B> 87 35@>52 :0:85 A;>20 3>2>@8B. > O 4C<0N, 2K <=5 ?><>65B5? B0:,- :B> 3>2>@8B B0:85 A;>20? >B C2845; O 72574C -  70 =59 84C. 70 !"+ #  25740-B> =5 ?@>AB0O, 5 2>;H51=0O, 0 A2OB0O.  ?>G5<C A2OB0O, / 5I5 =5 7=0N. . C4@5F. #. 0: 2K 4>3040;8AL? . C4@5F>2 ?@825;0 : !?0A8B5;N 725740. #.  MB> GL8 A;>20? / ?0ABK@59 :;8:0N, >725AB8BL 8< E>GC @04>ABL 25;8:CN; 0@>48;AO =0H !?0A8B5;L >A?>4L, >?;>B8;AO 2 G5;>25G5A:CN ?;>BL. 0 75<;5 8 2 =515A0E B>@65AB2>, %@8AB0 >30 >645AB2>!  2K, ?0ABK@8, ?>948B5 : 5<C, >:;>=8B5AL <C1 . =35;K. #. 0: 4>3040;8AL? . 0ABK@O< A:070; 0=35; > @>645=88 !?0A8B5;O. #. 0: 2K 4C<05B5, :B> B0: A:070;? !>A;C68 <=5, 35=5@0;, A;C61C 206=CN, !>15@8 <>N @0BL >B206=CN, ! =5N 2 3>@>4 8D;55< ?>948, . > 4><0<-42>@0< ?> 2A5< ?@>948, 45 <;045=F0 :0:>3> =0945B5, "0< 53> 8 C1L5B5, 5 I048B5 =8 A0<>3> <0;>3>, 8 3>4>20;>3>, =8 42CE3>4>20;>3>,  =0945B5 =>2>@>645==>3> - C18209B5 8 >=>3>. . &0@L @>4. #. >G5<C 2K B0: 4C<05B5? . &0@L @>4 E>B5; C18BL >3><;045=F0 8 ?>MB><C ?@8:070; C18BL 2A5E <0;5=L:8E 45B59. IV. 0:@5?;5=85 <0B5@80;0 #. !53>4=O 2K C7=0;8 > B><, :0: ?@074=>20;8 >645AB2> =0H8 ?@54:8.  4;O B>3> GB>1K ?@>25@8BL, :0: 2K MB> CA2>8;8, O ?@54;030N B0:>5 7040=85: O ?8HC =0 4>A:5 A;>20, 0 :><0=4K >1JOA=ONB 8E 7=0G5=85. 71 >7=0:><8BL A ?@074=8:0< >645AB20 %@8AB>20 !2OB:8  2@5<O >B >645AB20 4> @5I5=8O. CBLO-A>G82> - :0H0 87 75@5= A <54><, :>B>@CN 54OB ?>4 >645AB2>. >;O4:8 - =0@>4=K5 ?5A=8 ?@> >645AB2> %@8AB>2>. >;O4>20BL - E>48BL ?> 4><0< A ?>74@02;5=8O<8, ?5A=O<8. %@8AB>A;02K  B5, :B> 2 ?@074=8: >645AB20 %@8AB>20 E>4OB ?> 4><0< A;028BL %@8AB0, 5@B5?  OI8G5:, 87>1@060NI89 ?5I5@C, 2 :>B>@>9 @>48;AO %@8AB>A. V. >42545=85 8B>3>2 #. K 2A5 A53>4=O E>@>H> ?>@01>B0;8.  B5?5@L ?>AG8B05<, :0:0O :><0=40 A>1@0;0 1>;LH5 83@CH5: =0 A2>59 5;:5. >1548;0 ... :><0=40, 40209B5 ?>74@028< 55. VI. ><0H=55 7040=85 #. ><0 =0@8AC9B5, :0: ?@074=>20;8 >645AB2> C =0A =0 CA8 @0=LH5 8;8 :0: <K ?@074=C5< >645AB2> A59G0A.  B5?5@L 2A5 ?@83;0H0NBAO : ?@074=8G=><C AB>;C, .. ;N520 "5<0. >7=0:><8BL A ?@074=8:>< >645AB20 %@8AB>20 &5;8 C@>:0. 0BL 7=0=8O > ?@074=8:5 >645AB20 %@8AB>20; ?@828BL C2065=85 : ?@02>A;02=K< B@048F8O< A2>53> =0@>40; ?@>1C48BL B2>@G5A:85 A?>A>1=>AB8, 2>>1@065=85, ?0<OBL, 2=8<0=85. %>4 C@>:0 2CG8B <C7K:0: D@03<5=B B@>?0@O >645AB2C %@8AB>2C 8 :>;O4:8 !:8=8O 7;0B0O. >4 <C7K:C 2E>4OB 2 :;0AA 45B8, @0AA06820NBAO 70 ?0@BK. 72 !"+ #  I. !>>1I5=85 B5<K C@>:0 #G8B5;L (2 F25B=>9, =0:8=CB>9 =0 ?;5G8 H0;8}. 51OB0, A53>4=O 2K C7=05B5 <=>3> 8=B5@5A=>3> > 25;8G09H5< E@8AB80=A:>< ?@074=8:5 - >645AB25 %@8AB>2><. !:068B5, ?>60;C9AB0, :0:>9 A59G0A 3>4. 5B8 >B25G0NB. -  A:>@> ;8 =0ABC?8B =>2K9 3>4? 5B8 >B25G0NB. -  7=05B5 ;8 2K, GB> :064K9 =>2K9 3>4 >BAG8BK205BAO A * B>3> 4=O, 2 :>B>@K9 ?@8H5; 2 <8@ %@8AB>A? 0=LH5 2 AB0@KE :=830E > =5< =0?8A0;8 1K B0:: 2000-9 3>4 >B >645AB20 %@8AB>20. :07K205BAO, C65 420 BKAOG5;5B8O >B<5G0NB ;N48 MB> C4828B5;L=>5 8 B08=AB25==>5 A>1KB85: @>645=85 >3><;045=-F0.  ?0<OBL > =5< 4065 78<=85 :0=8:C;K, :>B>@K5 2A5 2K B0: ;N18B5, =07K20NBAO @>645AB25=A:8<8 :0=8:C;0<8. B0:, ?> F5@:>2=><C :0;5=40@N >645AB2> %@8AB>2> ?@>87>H;> 2 =>GL A 24 =0 25 45:01@O. >A;CH09B5, :0: MB> 1K;>... 2CG8B "0;LA A=568=>: 87 10;5B0 . . '09:>2A:>3> A)5;-:C=G8:". - !;KH8B5, :0: :@C68B =0 C;8F5 <5B5;L? 02=K<-402=> MB> 1K;>... # =0A B@5I0;8 78<=85 <>@>7K. @C3>< - :C40 =8 3;O=L - ;560;8 ?CH8ABK5 AC3@>1K. A:@8ABK9 8=59 >:CBK20; 15;K5 70A=565==K5 45@52LO, ?CABK==K< E>;>4>< 25O;> >B ?@8B8EH59 2 O=20@A:>9 ABC65 75<;8.  40;5:>-40;5:> >B =0H59 @>48=K, 2 60@:>9 AB@0=5 0;5AB8=5, 345 =8:>340 =5 1K205B 78<=8E E>;>4>2, @>48;AO ;045=5F %@8AB>A. = ?>O28;AO =0 75<;5 =5?>40;5:C >B 3>@>40 8D;55<0, 2 ?5I5@5, :C40 2> 2@5<O =5?>3>4K ?0ABCE8 703>=O;8 ;>H0459 8 :>@>2. >74=> 25G5@><, =0:0=C=5 MB>3> A>1KB8O, 4>1@0;8AL 4> 8D;55<0 @>48B5;8 %@8AB0 - 520 0@8O 8 55 <C6, 1;03>G5AB82K9 AB0@5F >A8D. !;CG8;>AL B0:, GB> 2 3>@>45 =8:B> =5 ?CAB8; 8E =0 =>G;53.  B>340 >=8 =0H;8 A515 ?@8AB0=8I5 2 ?5I5@5, =07K205<>9 25@B5?><. 064K9 G0A 8 :064CN <8=CBC @>640NBAO =0 75<;5 45B8. > :>340 @>48;AO %@8AB>A, 2 <8@5 ?@>87>H;> AB>;L:> =5>6840==KE, 482=KE GC45A, GB> 4> A8E ?>@ 8< C482;ONBAO. B>, @51OB0, 87 20A A;KH0; 8;8 G8B0; >1 MB8E GC45A0E? >7=0:><8BL A ?@074=8:>< >645AB20 %@8AB>20 73 5B8 ?> 65;0=8N @0AA:07K20NB >B@K2:8 87 !2OI5==>9 8AB>@88 8;8 G8B0NB 70@0=55 2KCG5==K5 AB8E8 > >645AB25 %@8AB>2><, C?><8=0O ?@8 MB>< > 8D;55<A:>9 725745. - 848B5, :0:>5 MB> 1K;> C4828B5;L=>5 A>1KB85?  =5< ?>25AB2C5B !2OI5==>5 8A0=85.  A:>;L:> :@0A82KE AB8E>2 =0?8A0;8 > =5< ?>MBK! > =5 B>;L:> A2OBK5 520=35;8ABK, 1>3>A;>2K 8 ?>MBK ?>A2OI0;8 5<C A2>8 AB@>:8. >645AB2> %@8AB>2> ;N48 AB0;8 A;028BL =0@>4=K<8 ?5A=O<8-:>;O4:0<8. 5>1KG09=>5 A>1KB85 MB> AB0;8 87>1@060BL 8 =0 ?@074=8G=KE 8:>=0E, :>B>@K5 2K=>AOB 2 F5=B@ E@0<0 2 45=L ?@074=8:0. 0209B5 8 <K A 20<8 ?>A<>B@8< =0 B0:CN 8:>=C. 0?8A0=0 >=0 2 XVI 25:5 CG5=8:0<8 25;8:>3> @CAA:>3> 8:>=>?8AF0 ?@5?>4>1=>3> =4@5O C1;520. 2CG8B <C7K:0: 2ABC?;5=85 : @>645AB25=A:>9 :>;O4:5 520 !K=0 @>48;0. 0 D>=5 55 =0G8=05BAO 15A540 >1 8:>=5. - 0: 2K 4C<05B5, :B> 87>1@065= 2 F5=B@5 MB>9 8:>=K? >=5G=> 65. 0BL 8ACA0 %@8AB0 - 520 0@8O. >A<>B@8B5, A :0:>9 70B05==>9 =56=>ABLN A<>B@8B =0 =0 !2>53> !K=0.  B5?5@L A:068B5 <=5, :>3> 5I5 87>1@078;8 8:>=>?8AFK. 5B8 >1JOA=ONB ?>-A2>5<C 3@C??>2K5 :><?>78F88 A 0=35;0<8, ?0ABCH:0<8. 2>;E20<8. . , - 51OB0, 0 2K 70<5B8;8, GB> 4065 @>7>20O :>@>2:0 8 <0;5=L:89 15;K9 65@515=>G5: A ;N1>2LN A<>B@OB =0 ;045=F0 %@8AB0, ;560I53> 2 :>;K15;8, :0: 1C4B> >=8 64CB >B 53> G53>-B> =5>1K:=>25==>3>?  45@52LO? >A<>B@8B5, :0: 8=B5@5A=> =0?8A0=K 45@52LO! 0: 1K 2K A:070;8 > =8E? 0:85 >=8? 5B8. C4@O2K5, 25A5;K5. #. !>25@H5==> 25@=>. 5@52F0 =0 8:>=5 :C4@O2K5, 75<;O 8 A:0;K 7>;>B8ABK5, 72>=:85. AO 8:>=0 :0: 1K ?@>=870=0 7>;>BK<, A8ONI8< A25B><, 70;8B0 A>;=F5<. 5<;O 8 =51>, 45@52LO 8 682>B=K5, 0=35;K 8 ;N48 - 2A5 725=8B 8 ;8:C5B =0 8:>=5.  ?>G5<C? 0 ?>B><C, GB> @>48;AO =5 ?@>AB> @515=>G5:, 0 !K= >689, >B>@K9 ?@8H5; A?0AB8 ;N459 >B A<5@B8 8 ?@8=5A <8@, ;N1>2L 8 =04564C =0 A?0A5=85, =0 687=L 25G=CN. @52=85 ?@540=8O @0AA:07K20NB =0< > B><, GB> ?>:;>=8;8AL %@8ABC 2 B5 4=8 =5 B>;L:> ;N48 8 682>B=K5, => 8 45@52LO. >A;CH09B5, :0: MB> 1K;>... 74 !"+ #  2CG8B <C7K:0: A=>20 ?>2B>@O5BAO B@>?0@L >645AB2C %@8AB>2C A 2>;H51=K< 72>=>< :>;>:>;LG8:0. #G8B5;L A 45BL<8 @07K3@K20NB AB8E>B2>@5=85 ;>G:0. "@8 <0;LG8:0 87>1@060NB 2>;E2>2. 0 3>;>20E C =8E - :>@>=K 8;8 G0;<K, =0 ?;5G8 =01@>H5=K ?;0I8 A 2>AB>G=K<8 7>;>BK<8 725740<8. 52>G:8 >45BK 2 =0@O4=K5 :@C652=K5 ?;0BL8F0, A>>B25BAB2CNI85 ?> F25BC B>9 8;8 8=>9 @>;8. 0 3>;>20E 452>G5: - 1C<06=K5 >1>4:8 A 25=:0<8 87 F25BCI53> >@5H=8:0, A8=8E :>;>:>;LG8:>2, 0;KE @>7 8 15;KE ;8;89. 52>G:0, 87>1@060NI0O 5;>G:C, >45B0 2 75;5=>5 ?;0BL8F5 8;8 2>;=8ABCN N1>G:C, A8;CMB>< =0?><8=0NICN :>;NG55 45@52F5. A5 452>G:8 45@60B 2 @C:0E F25BK, ?;>4K 8;8 25B:8 A>>B25BAB25==> A2>5<C B5:ABC. "8E> 72CG8B <C7K:0. #G8B5;L. / ?><=N 4@52=55 ?@540=L5 02=>, 402=> <8=C2H8E 4=59, >340 2 @>645AB25=A:>< A8O=L8 25740 1;5A=C;0 4;O ;N459,  E>@K 0=35;LA:85 ?5;8 5<;5 A2OBCN ?5A=L A =515A, .  A25B;>9 @04>ABLN 725=5;8 &25BK 2 ?>;OE 0 B5<=K9 ;5A. >;E2 1.  H;8 2>;E2K 70 B>9 72574>N, =8 : %@8ABC-;045=FC H;8. >;E2 2.  2>B ?>4 :@>2;5N ?@>AB>N =8 !?0A8B5;O =0H;8... >;E2 3.  2A5, ;8:CO, : 8ACAC "O=C;8AL @04>AB=>9 <5GB>9. @5H=8:. ">94C : 5<C 8 ?>:;>=NAO, -(5?B0; >@5H=8: <>;>4>9, -!=5AC 40@K <>8 ?@>ABK5... ;045B =0 AB>;, :0: 1K C :>;K15;8, 25B:C >@5H=8:0. >;>:>;LG8:.  O A B>1>9, - A:070; F25B>:, -!>2LNAL 2 25=>G:8 3>;C1K5, 'B>1 = 83@0BL A> <=>N <>3. ! ?>:;>=>< :;045B B0< 65 1C:5B A8=8E F25B>2. /1;>=O,  =56=> O1;>=O H5?B0;0; <C A=5AC ?;>4K <>81 !B028B =0 AB>; =0 :@0A82>< 1;N45 :@0A=K5 O1;>:8. 76 >7=0:><8BL A ?@074=8:>< >645AB20 %@8AB>20 >70.  @>70 B8E> >B:@K20;0 5=FK 4CH8ABK5 A2>8. !K?;5B A25@EC =0 ?@8=5A5==K5 40@K @>7>2K5 ;5?5AB:8. .#G8B5;L.  5;L, 157<>;2=0O, B>A:CO, !B>O;0 2 AB>@>=5 >4=0. ;>G:0 2A5 MB> 2@5<O AB>8B >48=>:> 2 AB>@>=5, >?CAB82 3>;>2C, @>1:> >3;O4K20O A51O 8 =5 @5H0OAL ?>4>9B8 : F25B0< 8 45@52LO<. ;>G:0. "'B> ?@8=5AB8 %@8ABC <>3C O? - 74KE0O, 4C<0;0 >=0. #G8B5;L.  2>B A:;>=8;8AO A 40@0<8  %@8ABC 45@52LO 8 F25BK.  ?0;L<0 A ?KH=K<8 25B2O<8,  @>70 482=>9 :@0A>BK. 4564K ;8;89 15;>A=56=KE # =>3 %@8AB0 :>2@>< ;53;8... 0G8=05B B8E> 72CG0BL <C7K:0 20;LA0. &25BK :@C60BAO. ;>G:0. 8HL 5;:0 2 3@CAB8 157=0456=>9 @>AB5@;0 25B:8 8740;8. C7K:0 @57:> >1@K205BAO. #G8B5;L. > 24@C3... &25BK 8 45@52LO 0E0NB.  B>B G0A 65 ;:0 2A?KE8205B >3=O<8 38@;O=4K. #G8B5;L, ...;5A=C;8, 706830OAL, 0 =59 1@8;LO=BK A:>@1=KE A;57.  >15@=C;AO, C;K10OAL, 5 A8O=8N %@8AB>A.  A MB8E ?>@ %@8AB>2>9 5;:>9 =0 7>25BAO C ;N459,  1;5ICB A:@><=K5 83>;:8  >3=5 @>645AB25=A:8E A25G59. 2CG8B 0;LA A=568=>: 87 10;5B0 . . '09:>2A:>3> )5;:C=-G8:". 7O2H8AL 70 @C:8, :@C60BAO >70, 8;8O, @5H=8:, >;>:>;LG8:, ;>G:0. >B><, >3;O=C2H8AL =0 :>;K15;L, 345 A?8B %@8AB>A-;045=5F, B8E>=L:>, =0 FK?>G:0E, ?@8;>682 ?0;5F : 3C10<, @0AE>4OBAO. !04OBAO 70 ?0@BK. 76 !"+ # ! II. 0:@5?;5=85 <0B5@80;0 #. >B :0:>5 GC45A=>5 @>645AB25=A:>5 ?@540=85 CA;KH0;8 <K A53>4=O! > MB> =5 548=AB25==K9 @0AA:07 > 5;>G:5. =>65-AB2> 8=B5@5A=KE 8AB>@89 A;>68;8 ;N48 > =59. 0AA:07K20NB, =0?@8<5@, GB> 2 !2OBCN =>GL =0 :>;NG85 25B:8 MB>3> A:@><-=>3> 45@52F0 A:0B8;8AL A =515A 8 7063;8AL @07=>F25B=K<8 >3-=O<8 72574K. >2>@OB B0:65, GB>, :>340 :>20@=K9 F0@L @>4 3=0;AO 70 <0;5=L:8< %@8AB><, GB>1K C18BL 3>, 5;>G:0 A?@OB0;0 ;045=F0 A 0B5@LN 8 >BF>< ?>4 A2>8<8 25B2O<8, 0 ?>B>< =0 =59 70F25;8 GC45A=K5 15;K5 F25BK. "0: MB> 1K;> 8;8 =5 B0:? B> 7=05B. /A=> 4;O =0A B>;L:> >4=>: 70 A:@><=>ABL 8 4>1@>BC 1K;0 871@0=0 >688< !K=>< A@548 4@C38E 45@52L52 5;>G:0 8 >B<5G5=0 GC45A=K<8 A25@:0NI8<8 >3=O<8. "5?5@L 2K 7=05B5, ?>G5<C 8<5==> MB> 45@52F5 =0@O60NB 1CA0<8, D;06:0<8, 83@CH:0<8 2 ?@074=8: >645AB20 %@8AB>20. 0209B5 8 <K A53>4=O A?>5< > =59 A2>N ?@074=8G=CN ?5A=N. A5 E>@>< ?>NB 0;5=L:>9 5;>G:5 E>;>4=> 78<>9. - 064K9 3>4 ?>5< <K MBC ?5A=N. > 7=05B5 ;8 2K, GB> ?@84C<0=0 >=0 1K;0 402=K<-402=> 8 <0<K 20H8 55 ?5;8, :>340 1K;8 <0;5=L:8<8, 8 ?0?K, 8 101CH:8, 8 454CH:8?.. >B B>;L:> 2 AB0@8=C ?>A;54=89 :C?;5B MB>9 ?5A5=:8 ?5;8 8=0G5. (0?5205B.} @028BAO 5;>G:5 =0H5 B>@65AB2>, 5A5;>, 25A5;> 2AB@5B8< >645AB2>! 5A5;>, 25A5;> 2AB@5B8< >645AB2>! 0?><=8;8? "5?5@L ?>?@>1C5< A?5BL B0: 2A5 2<5AB5. 5B8 ?>NB E>@><. III. ><0H=55 7040=85 #. C 0 A59G0A 70?8H8B5, ?>60;C9AB0, 4><0H=55 7040=85. >AB0@09B5AL =0@8A>20BL 4><0 AN65BK @>645AB25=A:8E ?@540=89 > 5;>G:5. -B> ?5@2>5. B>@>5: A45;09B5 83@CH:8 4;O @>645AB25=A:>9 5;:8. 0H8 83@CH:8 <K ?>25A8< =0 5;>G:C. -B> <>3CB 1KBL 8D;55<A:0O 725740, 1C<06=K5 0=35;K, F25BK 8 ?;>4K, :>B>@K5 1K;8 ?@8=5A5=K 2 !2OBCN =>GL >3>-<;045=FC. . 048: @5?>4>1=K9 !5@0D8< !0@>2A:89 " 77 "5<0. @5?>4>1=K9 !5@0D8< !0@>2A:89 &5;L C@>:0. >7=0:><8BL 45B59 A 68B85< ?@5?>4>1=>3> !5@0D8<0 !0@>2A:>3>. %>4 C@>:0 I. !>>1I5=85 B5<K C@>:0 #G8B5;L. !53>4=O <K ?>3>2>@8< >1 >4=>< @CAA:>< A2OB><, 0 GB> MB> 70 A2OB>9, 2K C7=05B5, :>340 ?>A;CH05B5 @0AA:07 >A5;O=8=0: 2C< 45BO< >4=>9 A5<L8 8A:;NG8B5;L=> 2KA>:>3> ?>;>65=8O >1JOA=O;8 35>3@0D8N >;38 8 2A53>, GB> ?> 15@530< 55 5ABL 8=B5@5A=>3>. >340 4>H;8 4> 86=53> >23>@>40, 2 3C15@=88 :>B>@>3> =0E>48BAO !5@0D8<>-82552A:89 <>=0ABK@L, 8< ?>4@>1=> @0AA:070;8 > 25;8:>< AB0@F5 !5@0D8<5 !0@>2A:><. 5AL @0AA:07 > AB0@F5 ?@>8725; =0 45B59 3;C1>:>5 2?5G0B;5=85, 8 2 =8E >1@07>20;>AL C15645=85, GB> 2A5 2>7<>6=> AB0@FC !5@0D8<C. A:>@5 A;CG8;0AL C =8E 1540: ;N18<0O 8E ?B8G:0 2K;5B5;0 87 :;5B:8 2 >:=> 8 ?@>?0;0. 5B8 >G5=L BC68;8. =8 7=0;8, GB> C@>65=:0 40;L=8E B5?;KE AB@0= =5 2K=5A5B @CAA:>9 >A5=8, 40 8 70:;NNB 55 E8I=K5 ?B8FK.  2>B >=8 =04C<0;8 @0AA:070BL A2>5 3>@5 >BFC !5@0D8<C 8 ?@>A8BL 53> 25@=CBL 8< ?B8G:C. !B0;8 >=8 <>;8BLAO >BFC !5@0D8<C.  B> 65 CB@> ?B8G:0 8E 1K;0 =0945=0: >=0 A0<0 ?@8;5B5;0 2 4@C3>9 :>=5F B>3> >3@><=>3> 4><0, 345 68;8 MB8 45B8. "0: CA;KH0; 25;8:89 AB0@5F <>;8B2C MB8E <0;5=L:8E, 3>@OG> ?>25@82H8E 5<C A5@45F. B> 4>3040;AO, > :0:>< A2OB>< <K 1C45< A53>4=O 3>2>@8BL? 5B8.  ?@5?>4>1=>< !5@0D8<5 !0@>2A:><. II. >2B>@5=85 #. A?><=8<: :>3> <K =07K205< A2OBK<8? 5B8. N459, C3>482H8E >3C. #. 0: <K =07K205< A2OB>3> !5@0D8<0 !0@>2A:>3>? . @5?>4>1=K9. #. @5?>4>1=K5 - MB> A2OBK5 <>=0E8, :>B>@K5 C3>48;8 >3C, ?@51K20O 2 ?>AB5 8 <>;8B25, 682O 2 1;03>G5AB88. 78 !"+ #  III. 1JOA=5=85 =>2>3> <0B5@80;0 #. @5?>4>1=K9 !5@0D8< @>48;AO 2 1759 3>4C, 0 C<5@ 2 1833. >AG8B09B5, A:>;L:> >= ?@>68; ;5B. . 74 3>40. #.  :B> <>65B A:070BL, 2 :0:>< 25:5 C<5@ ?@5?>4>1=K9 !5@0D8< !0@>2A:89? .  XIX 25:5. #. 5 B0: <=>3> 2@5<5=8 ?@>H;> A B5E ?>@, :0: C<5@ 25;8:89 AB0@5F. >48B5;8 20H8E ?@0454CH5: 2: ?@0101CH5: 1K;8 B>340 45BL<8 8 <>3;8 7=0BL 53>. @5?>4>1=K9 !5@0D8< !0@>2A:89 @>48.;AO 2 3>@>45 C@A:5.  45BAB25 53> 720;8 @>E>@ >H=8=.  :B> 7=05B, ?>G5<C ?@5?>4>1=>3> !5@0D8<0 2 45BAB25 720;8 ?>-4@C3><C? . >B><C GB> <>=0EC ?@8 ?>AB@835 40NB 4@C3>5 8<O. #. B5F @>E>@0 2;045; :8@?8G=K< 702>4>< 8 70=8<0;AO AB@>8B5;LAB2><. !5<LO >H=8=KE >B;8G0;0AL 1;03>G5AB85<: AC?@C38 ?><>30;8 154=K<, CAB@0820;8 =0 =>G;53 2 A2>5< 4><5 ?0;><=8:>2. B> B0:85 ?0;><=8:8? . N48, :>B>@K5 E>4OB ?> A2OBK< <5AB'0< 8 <>;OBAO. #. >340 @>E>@C 1K;> 420 3>40, 53> >B5F, C<5@, 0 A2>8 45;0 ?5@540; AC?@C35. 4=064K, :>340 @>E>@ A> A2>59 <0B5@LN 30DL59 $>B852=>9 2>72@0I0;AO 80 F5@:28, : =8< ?>4>H5; N@>482K9 8 A:070;: ;065==0 BK, 24>28F0, GB> C B51O B0:>5 45B8I5, :>B>@>5 A> 2@5<5=5< 1C45B <>;8B25==8:>< 70 25AL <8@. >3> <K =07K205< N@>482K<8? . -B> ;N48, :>B>@K5 254CB A51O =5>1KG=>, 2K7K20O =0A<5H:8. > =0 A0<>< 45;5 >=8 >1;8G0NB 7;>. #. 20 >A>15==KE A>1KB8O >B<5B8;8 45BAB2> @>E>@0.  A5<8;5B=5< 2>7@0AB5 >= C?0; A :>;>:>;L=8 !5@3852A:>3> E@0<0, :>B>@K9 AB@>8;0 53> <0BL. 30DLO $>B852=0 27O;0 AK=0 =0 >A<>B@ AB@>8B5;LAB20, 0 >= A?>B:=C;AO >1> GB>-B> 8 ?>;5B5; 2=87. 4@C3 B>G=> ?>4E20B8; 53> :B>-B> =52848<K9 8 ?>AB028; =0 75<;N. 0BL A1560;0 2=87, =5 G0O =09B8 AK=0 682K<. 0:>2> 65 1K;> 55 87C<;5=85, :>340 >=0 C2845;0 <0;LG8:0 F5;K< 8 =52@548<K<. B>@>9 GC45A=K9 A;CG09 A;CG8;AO A @>E>@>< G5@57 B@8 3>40, :>340 >= BO65;> 701>;5;. A5 3>2>@8;8, GB> <0;LG8: =5 2K6825B, => <0BL =5 >BG0820;0AL 8 <=>3> <>;8;0AL.  2>B 2 A0<CN BO65;CN <8=CBC @>E>@C 2> A=5 O28;0AL @5- 78 @5?>4>1=K9 !5@0D8< !0@>2A:89 A2OB0O >3>@>48F0 8 >15I0;0 53> 8AF5;8BL. '5@57 =5:>B>@>5 2@5<O 2 C@A:5 A;CG8;AO :@5AB=K9 E>4 A GC4>B2>@=>9 8:>=>9 =0<5=8O >6859 0B5@8. "0: :0: =0G0;AO 4>64L, :@5AB=K9 E>4 4;O A>:@0I5=8O 4>@>38 A25@=C; =0 42>@ >H=8=KE. 30DLO $>B852=0 2K=5A;0 1>;L=>3> @>E>@0, 8 >= ?@8;>68;AO : A2OBK=5. ! MB>9 <8=CBK =0G0;>AL 2K74>@>2;5=85.  17 ;5B @>E>@ @5H8; C9B8 2 <>=0ABK@L. 0BL 1;03>A;>28;0 53> 8 40;0 <54=K9 :@5AB, MB>B :@5AB ?@5?>4>1=K9 =>A8; =0 3@C48 4> A0<>9 A<5@B8. !=0G0;0 @>E>@ ?>H5; 2 852>-5G5@A:CN 02@C 70 1;03>A;>25=85<, 2 B> 2@5<O B0< 68; ?@>7>@;82K9 AB0@5F >A8D59, :>B>@K9 C:070; N=>H5 =0 !0@>2A:CN >18B5;L. 'B> B0:>5 >18B5;L? 0: <>6=> A:070BL ?>-4@C3><C? . >=0ABK@L. #.  <>=0ABK@OE 682CB <>=0E8. 'B> MB> 70 ;N48? . -B8 ;N48 CE>4OB 2 <>=0ABK@8 >B >1KG=>9 687=8, B0< >=8 <>;OBAO 70 <8@. #. @>E>@ ?@8H5; 2 !0@>2 8 1K; =07=0G5= :5;59=8:>< AB0@F0 >A8D0 (:5;59=8: 4>;65= 1K; ?@8A;C6820BL, ?><>30BL AB0@FC). @>H;> 420 3>40.  24@C3 @>E>@ 701>;5;, 2A5 B5;> 53> >?CE;>, 8 >= C65 =5 <>3 E>48BL. >;57=L 4;8;0AL B@8 3>40, => >4=064K @>E>@C O28;0AL @5A2OB0O 520 0@8O A 0?>AB>;0<8 >0==>< >3>A;>2>< 8 5B@><. #:0702 =0 @>E>@0, &0@8F0 515A=0O A:070;0; -B>B =0H53> @>40! >B>< >=0 :>A=C;0AL 657;>< 1>;L=>3>, 8 =0 B>< <5AB5 >1@07>20;>AL >B25@AB85, G5@57 :>B>@>5 2KB5:;0 2AO 2>40, 8 @>E>@ 2K74>@>25;. -B0 1>;57=L 1K;0 8A?KB0=85<, ?>43>B>2:>9 : ?@8=OB8N <>=0H5AB20. A:>@5 @>E>@0 ?>AB@83;8 2 <>=0E8 8 40;8 5<C 8<O !5@0D8<, GB> 7=0G8B < ?;0<5=5NI89 ;N1>2LN : >3C. '5@57 =5:>B>@>5 2@5<O >= 1K; @C:>?>;>65= 2 85@>480:>=0, 0 ?>B>< 8 2 85@><>=0E0. >3> <K =07K205< 85@>480:>=>< 8 85@><>=0E><? . 5@>480:>= - MB> <>=0E-480:>=, 0 85@><>=0E - <>=0E-A2OI5==8:. #. "5?5@L >B5F !5@0D8< 2A5 A2>5 2@5<O AB0; >B4020BL A;C615. #E>4O 87 E@0<0, >= A>60;5;, GB> =5 <>65B A;C68BL >3C 15A?@5@K2=>, :0: 0=35;K. >, : B@84F0B8 3>40< >B ?>AB>O==>3> AB>O=8O 2 E@0<5 C =53> A8;L=> 701>;5;8 =>38, 8 B>340 ?@5?>4>1=K9 !5@0D8< !0@>2A:89 27O; 1;03>A;>25=85 80 !"+ #  C9B8 87 <>=0ABK@O 8 ?>A5;8BLAO 2 ;5AC 4;O <>;8B2K. >;LH5 45AOB8 ;5B ?@>68; ?@5?>4>1=K9 2 ;5AC. >@<8;AO >= >2>I0<8 A> A2>53> >3>@>40. A5 A;C61K >= A;C68; A0< 8 <>;8;AO 4=8 8 =>G8 =0?@>;5B. 4=> 2@5<O >B5F !5@0D8< BKAOGC =>G59 ?@>25; 2 <>;8B25, AB>O =0 :>;5=OE =0 1>;LH>< 3@0=8B=>< :0<=5. 25@8 =5 B@>30;8 AB0@F0; >4=0 87 <>=0E8=L 2A?><8=05B, :0: 1>;LH>9, AB@0H=K9 <54254L 5; 87 @C: ?@5?>4>1=>3> !5@0D8<0 8 =5 ?@8G8=O; 5<C 2@540. 54254L =5 ?@8G8=8; 2@540 A2OB><C, => =0H;8AL B0:85 ;N48, :>B>@K5 8718;8 53> ?>GB8 4> A<5@B8. 071>9=8:8 4C<0;8, GB> C ?@5?>4>1=>3> 5ABL :0:85-=81C4L F5==>AB8, => 2 871CH:5 =8G53> =5 1K;>, :@><5 8:>=K 8 =5A:>;L:8E :0@B>D5;8=.  B> 2@5<O A2OB>9 1K; >G5=L A8;5=, 8 : B><C 65 2 @C:0E C =53> 1K; B>?>@, => >= @5H8; =5 >1>@>=OBLAO. >340 @071>9=8:8 1K;8 ?>9<0=K, ?@5?>4>1=K9 ?@>A8; >B?CAB8BL 8E, 2;0AB8 ?>A;CH0;8AL, 0 7;>458 2 A:>@>< 2@5<5=8 @0A:0O;8AL. B ?>;CG5==KE @0= AB0@5F >G5=L AB@040;, => 5<C >?OBL O28;0AL @5A2OB0O >3>@>48F0 A 0?>AB>;0<8, 8 >= ?>?@028;AO. @0240, A B5E ?>@ A?8=0 53> A>3=C;0AL B0:, GB> >= =5 <>3 C65 @0A?@O<8BLAO. '5@57 =5A:>;L:> ;5B ?>A;5 MB>3> =0AB>OB5;L <>=0ABK@O 25;5; >BFC !5@0D8<C 25@=CBLAO 2 <>=0ABK@L. B5F !5@0D8< ?>A;CH0;AO 8 ?>A5;8;AO 2 A2>59 :5;L5. 5AOBL ;5B >= =5 2KE>48; 87 =55 8 =8:>3> C A51O =5 ?@8=8<0;. B> B0:>9 =0AB>OB5;L 8 ?>G5<C ?@5?>4>1=K9 !5@0D8< ?>A;CH0;AO 53>? . 0AB>OB5;L - MB> 3;02=K9, AB0@H89 <>=0E 2 <>=0ABK@5, ?>MB><C 2A5 <>=0E8 4>;6=K 53> A;CH0BLAO. #. '5@57 45AOBL ;5B ?@5?>4>1=><C !5@0D8<C O28;0AL >-68O 0B5@L 8 ?>25;5;0 ?@8=8<0BL ?>A5B8B5;59. "KAOG8 ;N459 ?@8E>48;8 : =5<C :064K9 45=L, 8 :064>3> >= ?@8=8<0; A ;N1>2LN. 0ABC?8; 1833 3>4. #B@>< 2 O=20@O :5;59=8: ?@5?>4>1=>3> !5@0D8<0 ?>GC2AB2>20; 70?0E 4K<0 87 :5;L8 AB0@F0. 0 ABC: 2 425@L >B25B0 =5 1K;>. = A>720; <>=0E>2, >=8 A>@20;8 425@L A :@NG:>2 8 C2845;8, GB> >B C?02H59 A25G8 B;5;8 :=838. !B0@5F AB>O; =0 :>;5=OE A> A;>65==K<8 =0 3@C48 @C:0<8 ?5@54 8:>=>9 >6859 0B5@8 #<8;5=85, !B0;8 .@5?>4>1=K^ !5@0D8< !0@>2A:89 81 1C48BL 53>, 4C<0O, GB> >= A?8B. > 53> A2OB0O 4CH0 1K;0 C65 =0 515. 0<OBL ?@5?>4>1=>3> !5@0D8<0 !0@>2A:>3> ?@074=C5BAO 2 O=20@O. B> 70?><=8;, GB> MB> 70 45=L? .  MB>B 45=L A2OB>9 C<5@. #. 0<OBL @5?>4>1=>3> !5@0D8<0 >B<5G05BAO B0:65 19 8N;O, 2 45=L 53> @>645=8O. -B> 40BK AB0@>3> AB8;O, 0 ?> =>2><C AB8;N :>340 <K ?@074=C5< ?0<OBL A2OB>3>? . 15 O=20@O 8 1 023CAB0. IV. 0:@5?;5=85 <0B5@80;0 #. !2OBK5 B0:85 65 ;N48, :0: 8 <K A 20<8, B>;L:> >=8 ?>1548;8 A2>8 3@5E8. @5?>4>1=K9 !5@0D8< !0@>2A:89 2 A2>59 687=8 AB0;:820;AO A B5<8 65 B@C4=>ABO<8, GB> 8 <K. @82548B5 ?@8<5@K, :>340 ?@5?>4>1=><C !5@0D8<C 1K;> B@C4=>. . >340 >= 1>;5; 2 45BAB25 8 ?>B>< - >= =5 <>3 E>48BL 8 4>;3> ;560;. >340 C =53> 1>;5;8 =>38, 8 >= =5 <>3 4>;3> AB>OBL. >340 53> 8718;8 @071>9=8:8. #. K;8 ;8 A;CG08, :>340 ?@5?>4>1=><C ?@8E>48;>AL 45;0BL B>, GB> 5<C =5 E>B5;>AL? . 0, ?@5?>4>1=K9 !5@0D8< E>B5; 68BL 2 ;5AC, 0 =0AB>OB5;L 25;5; 5<C 25@=CBLAO 2 <>=0ABK@L. #. / 20< ?@>G8B0N AB8E>B2>@5=85 070@5=:> @5?>4>1=K9 !5@0D8< 2 ?CABK=8, 0 2K A:068B5, > :0:>< ?5@8>45 2 687=8 A2OB>3> 2 =5< 3>2>@8BAO. >GL. 0: 157<>;2=K5 7@8B5;8, 2574>G:8 A<>B@OB A =515A. "8E> 2>:@C3. B >18B5;8 "O=5BAO !0@>2A:89 ;5A. 5;8O B0< >48=>:0O,  =59 !5@0D8< >18B0;. =0;0 ?CABK=O H8@>:0O, >4283 :0: >= A>25@H0;. "0<, ?@8 4>@>6:5, ?>4 A>A=0<8, 0<5=L BO65;K9 ;560;, !B0@5F =>G0<8 15AA>==K<8 45AL =0 :>;5=OE AB>O;. 82 !"+ # ' 5B> 8 78<C E>;>4=CN, =, =5 A<K:0O >G59, KAB>O; A 2>;59 A2>1>4=>N "KAOGC F5;KE =>G59. 5AL 157CG0AB5= :> 2=5H=5<C,  A5@4F5 <>;8B2C A;030;! >65! C4L <8;>AB82 : 3@5H=><C! ~ '0AB> B0: AB0@5F 27K20;. B0:, > :0:>< A>1KB88 87 687=8 ?@5?>4>1=>3> !5@0D8<0 745AL 3>2>@8BAO? .  0B>< AB8E>B2>@5=88 3>2>@8BAO > B><, :0: ?@5?>4>1=K9 !5@0D8< CH5; 2 ;5A 8 ?@>AB>O; BKAOGC =>G59 =0 :0<=5, ?@51K20O 2 <>;8B25. #. >A<>B@8B5, 2K 2848B5 8:>=K A2OBKE. 0948B5 A@548 =8E 8:>=K ?@5?>4>1=>3> !5@0D8<0 !0@>2A:>3>. 0 4>A:5 =0E>4OBAO 8:>=K A2OBKE, A@548 =8E 8:>=K ?@5?>4>1=>3> !5@0D8<0 !0@>2A:>3>, =0?@8<5@, "!5@0D8< !0@>2A:89 =0 :0<=5, @5?>4>1=K9 !5@0D8< 8 <54254L. - 0: 2K 4>3040;8AL, GB> =0 MB>9 8:>=5 87>1@065= ?@5?>4>1=K9 !5@0D8< !0@>2A:89? >G5<C >= B0: 87>1@065=? . 0 MB>9 8:>=5 ?@5?>4>1=K9 !5@0D8< AB>8B 8 <>;8BAO =0 :0<=5. - 0 MB>9 8:>=5 87>1@065= ?@5?>4>1=K9 !5@0D8< A <542545<. 54254L ?@8E>48; : A2OB><C, 8 B>B 53> :>@<8; 87 @C:. #.  B5?5@L O 20< ?@>G8B0N >?8A0=85 ?@5?>4>1=>3> !5@0D8<0, 0 2K =0948B5 53> 8:>=C ?> MB><C >?8A0=8N; ">B >= 845B, >?8@0OAL =0 AC:>20BCN ?0;:C, 2 =5C:;N68E 1>;LH8E :>60=KE G51>B0E, 2 BC;C?G8:5 A 4K@0<8, ?>4?>OA0==K9 ?>;>B5=F5<; A @C: A?CA:0NBAO 3@C1K5 :>60=K5 G5B:8, =0 =5< <O3:89 :;>1C:, ?;5G8 ?>:@KBK ?>;C<0=B89:>9. V. >42545=85 8B>3>2 #.  :0:>< A2OB>< <K A 20<8 A53>4=O 3>2>@8;8? .  ?@5?>4>1=>< !5@0D8<5 !0@>2A:><. #. 'B> 87 53> 687=8 20< >A>15==> 70?><=8;>AL? B25BK 45B59. ., ;N520 83 87=L ?@5?>4>1=>3> !5@0D8<0 !0@>2A:>3> "5<0. 87=L ?@5?>4>1=>3> !5@0D8<0 !0@>2A:>3> &5;8 C@>:0. 1>1I8BL 8 70:@5?8BL =0=8O > ?@5?>4>1=>< !5@0D8<5 !0@>2A:><; @072820BL @5GL, ?0<OBL, <KH;5=85, %>4 C@>:0 I. !>>1I5=85 B5<K C@>:0 #G8B5;L. 0 C@>:0E <K A 20<8 ?>7=0:><8;8AL A> A2OBK< !5@0D8<>< !0@>2A:8<, 4><0 2K 4>;6=K 1K;8 ?@>G8B0BL 53> 68B85, 0 A53>4=O <K ?@>2545< 83@C, GB>1K ?@>25@8BL, E>@>H> ;8 2K 7=05B5 68B85 MB>3> A2OB>3>. B0:, @0745;8B5AL =0 :><0=4K. 0 =5A:>;L:> =545;L 4> ?@>2545=8O 83@K 45B8 45;OBAO =0 :><0=4K ?> 6~10 G5;>25: 8 ?>;CG0NB 7040=8O, > :>B>@KE 1C45B 3>2>@8BLAO =865. - 040=85 1. ><0=4K ?> >G5@548 =07K20NB A;>20, :>B>@K5 8<5NB :0:>5-B> >B=>H5=85 : A2OB><C !5@0D8<C !0@>2A:><C. 0?@8<5@, <>=0E, 82552>, >BH5;L=8:, @071>9=8:8. #G8B5;L 8<55B ?@02> ?>?@>A8BL :><0=4C >1JOA=8BL, :0: MB> A;>2> A2O70=> A> A2OBK<. "0 :><0=40, :>B>@0O =5 A<>65B >B25B8BL, 2K1K205B 87 83@K. >156405B :><0=40, >AB02H0OAO 2 83@5. ><0=4K 2K?>;=ONB 7040=85. - 040=85 2. 0640O :><0=40 ?> >G5@548 70405B 70@0=55 ?>43>B>2;5==K5 2>?@>AK > ?@5?>4>1=>< !5@0D8<5 4@C38< :><0=40<. ><0=4K >B25G0NB =0 2>?@>AK. - 040=85 3. / 1C4C ?>:07K20BL D>B>3@0D88, 20H0 7040G0 B25B8BL, GB> =0 =8E 87>1@065=> 8 :0: MB> <5AB> A2O70=> A 87=LN ?@5?>4>1=>3> !5@0D8<0. $>B>3@0D88 <>3CB 1KBL B0:8<8: 3>@>4 C@A:, 345 @>48;AO ?@5?>4>1=K9 !5@0D8<, !5@3852A:89 A>1>@ 2 C@A:5, :>B>@K9 AB@>8;8 83> @>48B5;8, 852>-5G5@A:0O 02@0, :C40 E>48; A2OB>9 70 1;03>A;>25=85<, !5@0D8<>-82552A:89 <>=0ABK@L 8 B. ?. 84 !"+ #  #. 040=85 4. / 7040N 2>;@>AK ?> >G5@548 :064>9 :><0=45, 5A;8 :><0=40 =5 <>65B >B25B8BL.=0 2>?@>A, B> >B25G05B @C30O. ,  :0:>< 3>@>45 @>48;AO ?@5?>4>1=K9 !5@0D8<? .  C@A:5. #.  :0:>< 3>4C @>48;AO A2OB>9? .  1759 3>4C. #. 0: 720;8 @5?>4>1=>3> !5@0D8<0 4> ?@8=OB8O <>=0H5A:>3> ?>AB@830? . @>E>@ >H=8=, #. 0:CN F5@:>2L =0G0; AB@>8BL >B5F A2OB>3> =5704>;3> 4> A2>59 A<5@B8? . &5@:>2L 2> 8<O ?@5?>4>1=>3> !5@38O 2 C@A:5. #-  45AOB8;5B=5< 2>7@0AB5; ?@5?>4>1=K9 !5@0D8< BO65;> 701>;5;. @8;>682H8AL : :0:>9 8:>=5 >= AB0; 74>@>2K<? .  C@A:>9 >@5==>9 8:>=5 =0<5=8O @5A2OB>9 >3>@>48FK. #. '5< 70=8<0;AO >B5F A2OB>3>? . = 2;045; :8@?8G=K< 702>4><. #. '5< 1;03>A;>28;0 <0BL A2OB>3> =0 <>=0H5AB2>? . 54=K< :@5AB><. #. 0: 720;8 AB0@F0, :>B>@K9 A:070; ?@5?>4>1=><C !5@0D8<C; @O48, G04>. 2 !0@>2A:CN >18B5;L, <5AB> A85 1C45B B515 2> A?0A5=85, B0< 8 >:>=G8HL BK 75<=>5; A2>5 AB@0=AB2>20=85? . !B0@5F >A8D59 87 852>-5G5@A:>9 .02@K. #. ! :5< 87 0?>AB>;>2 O2;O;0AL ?@5?>4>1=><C !5@0D8<C >68O 0B5@L? . ! 0?>AB>;>< >0==>< >3>A;>2>< 8 0?>AB>;>< 5B@><. #. !:>;L:> 4=59 <>;8;AO ?@5?>4>1=K9 !;5@0D8< =0 :0<=5? . "KAOGC 4=59. #. 0 GB> @071>9=8:8 8718;8 A2OB>3>?" . =8 4C<0;8, GB> C =53> 5ABL 45=L38, 8 E;>B5;8 >B>1@0BL 8E. #. 'B> 70 <>;8B25==>5 ?@028;> 40; ?@5?>4>1=K9 !5@0D8< B5<, :B> >1@5<5=5= 4><0H=8<8 45;0<8? . >AAB02H8 >B A=0, 2AB02 ?@54 A2OBK<8 8:>=0<8, ?@>G8B0BL =04;568B <>;8B2C >A?>4=N BG5 =0H - B@864K, 2 G5ABL @5A2OB>9 "@>8FK, 70B5< 5A=L >3>;@>48F5 >3>@>48F5 52>, @04C9AO - B0:65 B'@864K; 8, =0:>=5F, - !8<2>; 25@K 5@CN 2> 48=>3> >30> - 548=>64K". 85 87=L ?@5?>4>1=>3> !5@0D8<0 !0@>2A:>3> #. 5@54 :0:>9 8:>=>9 A:>=G0;AO ?@5?>4>1=K9 !5@0D8<? . 5@54 8:>=>9 >6859 0B5@8 #<8;5=85. #.  G5ABL :0:>3> GC40 ?>AB02;5= ?0<OB=K9 :0<5=L >:>;> !5@3852A:>3> A>1>@0 2 C@A:5? ' . >340 A2OB><C 1K;> A5<L ;5B, >= C?0; A :>;>:>;L=8 !5@3852A:>3> A>1>@0, => >AB0;AO =52@548<, 2 G5ABL MB>3> A>1KB8O => 42>@5 A>1>@0 AB>8B :0<5=L A =04?8ALN: !85 <5AB> ?045=8O >B@>:0 @>E>@0 (?@5?>4>1=>3> !5@0D8<0 !0- @>2A:>3>). #. !:>;L:> @07 O2;O;0AL ?@5?>4>1=><C !5@0D8<C >68O 0B5@L? .12 @07. #, 040=85 6. ><0=4K 4><0 4>;6=K 1K;8 ?>43>B>28BL @0AA:07 > GC45A0E ?@5?>4>1=>3> !5@0D8<0. 5B8 2KABC?0NB A 4>:;040<8. - 040=85 7. # <5=O :0@B>G:8, =0 :>B>@KE =0?8A0=K E@8AB80=A:85 4>1@>45B5;8: 2>745@60=85, F5;><C4@85, =5ABO60=85, :@>B>ABL, 1;065==K9 ?;0G. B@5725==>, A<8@5=85, ;N1>2L. 0@B>G:8 ;560B B5:AB>< 2=87. 0H0 7040G0 27OBL ;N1CN :0@B>G:C, ?@>G8B0BL =0720=85 4>1@>45B5;8 8 @0AA:070BL, :0: MB0 4>1@>45B5;L 2>?;>B8;0AL 2 687=8 ?@5?>4>1=>3> !5@0D8<0. 5B8 2K?>;=ONB 7040=85. . >745@60=85. @5?>4>1=K9 !5@0D8< 5; B>;L:> >48= @07 2 45=L, 8 B> :@><5 A@54K 8 ?OB=8FK. '0AB>, C3;C182H8AL 2 <>;8B2C, >= 2>>1I5 701K20; > 545 =0 =5A:>;L:> 4=59. 8I0 53> A>AB>O;0 87 >2>I59 8 E;510.  1K;> 2@5<O, :>340 ?>GB8 B@8 3>40 >= ?8B0;AO >4=>9 B>;L:> B@02>9. - &5;><C4@85. ! 45BAB20 ?@5?>4>1=K9 !5@0D8< =5 ;N18; <8@A:8E 70102, >= AB0@0;AO 1>;LH5 <>;8BLAO 8 G0I5 E>48BL 2. F5@:>2L, GB>1K 871560BL 8A:CH5=89. - 5ABO60=85. # ?@5?>4>1=>3> !5@0D8<0 1K;> >G5=L <0;> 25I59. >340 @071>9=8:8 2>@20;8AL 2 53> :5;LN, B> =0H;8 B0< B>;L:> 8:>=C 8 =5A:>;L:> :0@B>D5;8=. >A8; ?@5?>4>1=K9 !5@0D8< 2A5340 >4=C 8. BC 65 >4564C: =0 3>;>25 - ?>=>H5==CN :0<8;02:C, =0 B5;5  10;0E>= 87 15;>3> ?>;>B=0, @C:8  2 :>60=KE @C:028F0E, =0 =>30E." 86 !"+ #  :>60=K5 10E8;K 2@>45 GC;>:, ?>25@E :>B>@KE AB0@5F =04520; ;0?B8. - @>B>ABL. 4=064K 2 ;5AC : ?@5?>4>1=><C !5@0D8<C ?>4>H;8 B@8 G5;>25:0 8 AB0;8 B@51>20BL C =53> 45=53. !2OB>9 8< A:070;; / =8 C :>3> =8G53> =5 15@C. ">340 @071>9=8:8 :8=C;8AL =0 =53>. 1;040O 1>;LH>9 A8;>9 8 : B><C 65 1C4CG8 2>>@C65= B>?>@><, >=, 157 A><=5=8O, A<>3 1K >B18BLAO. > A2OB>9 A?>:>9=> ?@5:;>=8; :>;5=0, >?CAB8; =0 75<;N B>?>@, A:@5AB8; =0 3@C48 @C:8 8 A:070; 7;>45O<: 5;09B5, GB> 20< =04>1=>. 48= 87 @071>9=8:>2 ?>4E20B8; A 75<;8 B>?>@ 8 C40@8; >1CE>< A2OB>3> ?> 3>;>25, B0: GB> >= C?0; 157 GC2AB2. - ;065==K9 ?;0G. "KAOGC 4=59 8 =>G59 ?@>25; A2OB>9 !5@0D8< 2 <>;8B25 =0 :0<=5. ! 2>745BK<8 : =51C @C:0<8 ?>2B>@O; >= <>;8B2C <KB0@O >65, <8;>AB82 1C48 :> <=5, 3@5H=8:C! ~ "@5725=85.  45BAB25 ?@5?>4>1=K9 !5@0D8< ?>GB8 :064K9 45=L 1K20; 2 F5@:28, 0 :>340 >= AB0; ?><>30BL 1@0BC, B> 2AB020; ?>@0=LH5, GB>1K ?>1K20BL E>BO 1K =0 70CB@5=5. - !<8@5=85. !2OB>9 !5@0D8< 1K; >G5=L A<8@5==K<. = A:@K20; A2>8 ?>42838 8 ?@>A8; 4@C38E ;N459 =5 @0A:@K20BL 8E. >340 A2OB>9 !5@0D8< !0@>2A:89 @0AA:07K20; ?5@54 A<5@BLN > A2>5< <>;8B25==>< AB>O=88, >48= CG5=8: 2>A:;8:=C;, GB> MB> 2KH5 G5;>25G5A:8E A8;. !2OB>9 A C;K1:>9 70<5B8;: !8<5>= !B>;?=8: A>@>: A5<L ;5B ?@>25; 2 MB>< ?>42835, @0725 <>8 B@C4K ?>E>68 ;8 E>BL >BG0AB8 =0 53>? - N1>2L. !2OB>9 !5@0D8< ;N18; ;N459. 1 0B>< 3>2>@8B 53> >1@0I5=85 A =8<8. @8 2AB@5G5 ?@5?>4>1=K9 !5@0D8< :;0=O;AO ?@8H54H5<C 2 =>38 8 3>2>@8;: 04>ABL <>O, %@8AB>A 2>A:@5A5!" #. 040=85 7. 0< =C6=> 70 10-15 <8= =0 1>;LH>< ;8AB5 1C<038 =0@8A>20BL ?@>5:B E@0<0 2> 8<O ?@5?>4>1=>3> !5@0D8<0 !0@>2A:>3>, :>B>@K9 1K 2K E>B5;8 ?>AB@>8BL. . 5B8 2K?>;=ONB 7040=85. >A;5 MB>3> :>=:C@A0 ?>42>4OBAO 8B>38 8 =03@0640NBAO ?>1548B5;8. .. ;N520 87 !>1>@ =>2><CG5==8:>2 8 8A?>254=8:>2 >AA89A:8E "5<0. !>1>@ =>2><CG5=8:>2 8 8A?>254=8:>2 >AA89A:8E &5;L C@>:0. >7=0:><8BL 45B59 A 68B85< =5:>B>@KE =>2><CG5-=8:>2, A 8:>=>9 !>1>@ =>2><CG5=8:>2 8 8A?>254=8:>2 >AA89A:8E. %>4 C@>:0 I- !>>1I5=85 F5;8 C@>:0 #G8B5;L. !53>4=O <K ?>3>2>@8< > A2OBKE, :>B>@KE ?@>A;028;0 =0H0 &5@:>2L =0 @E85@59A:>< !>1>@5 2 023CAB5 ?@>H;>3> 3>40. >A<>B@8B5 =0 MBC 8:>=C. #G8B5;L ?>:07K205B 8:>=C. - @>G8B09B5 =04?8AL =0 8:>=5. 5B8 G8B0NB 2<5AB5 A CG8B5;5<: !>1>@ =>2KE <CG5=8:>2 8 8A?>254=8:>2 >AA89A:8E, 70 %@8AB0 ?>AB@0402H8E, O2;5==KE 8 85O2;5==KE, - 0209B5 @0715@5<, > G5< =0< 3>2>@8B'MB0 =04?8AL. 'B> 7=0G8B A;>2> A>1>@ 2 40==>< A;CG05? 5B8. !>1@0=85. -B> 7=0G8B, GB> 87>1@065= =5 >48= A2OB>9, 0 <=>3>. #. 0:8E A2OBKE @02>A;02=0O &5@:>2L =07K205B <CG5=8:0<8? . CG5=8:8 - MB> A2OBK5, :>B>@K5 =5 >B@5:;8AL >B >30, 4065 :>340 8E ?>425@3;8 <CG5=8O<. #.  :0: 2K 4C<05B5, :>3> =07K20NB 8A?>254=8:><? . 025@=>5, MB> B>B G5;>25:, :>B>@K9 2AN4C 3>2>@8B > A2>59 25@5 2 >30, 8A?>254C5B 55. #. CG5=8: - E@8AB80=8=, ?@5B5@?52H89 70 25@C AB@040=8O 8 A<5@BL. A?>254=8: - E@8AB80=8=, ?@5B5@?52H89 <CG5=8O 70 25@C 8 >AB02H89AO 2 682KE. !53>4=O <K 1C45< 3>2>@8BL > =>2KE <CG5=8:0E, B> 5ABL > <CG5=8:0E, :>B>@K5 68;8 8 ?>AB@040;8 =5 B0: 402=>. 0H8 101CH:8 8 454CH:8 5I5 ?><=OB B> 2@5<O, :>340 2 =0H59 AB@0=5 1K;0 1571>6=0O 2;0ABL: 70:@K20;8 8 @07@CH0;8 E@0<K, 63;8 A2OBK5 8:>=K, 0 A2OI5==8:>2 8 25@CNI8E ;N459 >B?@02;O;8 2 BN@L<K 8 C1820;8. 88 " !"+ #  !2OBKE, :>B>@K5 ?>AB@040;8 70 25@C 2 MB> 2@5<O, 8 =07K20NB =>2K<8. II. !>>1I5=85 =>2>3> <0B5@80;0 #, 0209B5 2=8<0B5;L=> @0AA<>B@8< 8:>=C.  F5=B@5 87>1@065=K A2OBK5 =>2><CG5=8:8, =04 =8<8 !?0A8B5;L 8 @CAA:85 A2OBK5, 0 ?> >15 AB>@>=K @0A?>;>65=K :;59<0 A 87>1@065=85< <CG5=8G5A:8E ?>4283>2. @>G8B09B5, GB> 87>1@065=> =0 ?5@2>< :;59<5. . !B@040=85 A2OBKE =>2KE <CG5=8:>2 =0 !>;>2:0E. #. 'B> =0 =5< 87>1@065=>? . "N@L<0 =0 >AB@>25, =0 ?5@2>< ?;0=5 - @0AAB@5; ;N459. #. > @52>;NF88 =0 !>;>2:0E 1K; <>=0ABK@L. >A<>B@8B5 =0 8:>=C - BN@L<0 =0E>48BAO 2 E@0<5, A :>B>@>3> A=O;8 :@5ABK. >A;5 @52>;NF88 =0 !>;>2:0E >@30=87>20;8 ;035@L, 345 1K;8 >G5=L ?;>E85 CA;>28O 4;O 687=8: ?;>E0O 540, BO65;0O @01>B0. 0 !>;>2:0E ?>381;> >G5=L <=>3> ;N459. @>G8B09B5, GB> 87>1@065=> =0 2B>@>< :;59<5. . 0:;NG5=85 2 78<>2L5 %M 8 C185=85 A2OI5==><CG5=8-:0 5B@0. #. 'B> 87>1@065=> =0 MB>< :;59<5? .  25@E=59 G0AB8 87>1@065= A2OI5==><CG5=8: 5B@ >:>;> <0;5=L:>3> 4><8:0, 2=87C - C189AB2> A2OB>3>. #. 'B> =5>1KG=>3> =0 MB>< :;59<5? . 4=>2@5<5==> 87>1@060NBAO 420 A>1KB8O: AAK;:0 8 C189AB2>. #. -B> >A>15==>ABL 8:>=K - 87>1@065=85 A@07C =5A:>;L:8E A>1KB89. !2OI5==><CG5=8: 5B@ 70 A2>N 25@C 1K; A>A;0= : 15@530< 54>28B>3> >:50=0, 0 ?>B>< @0AAB@5;O=. 'B> 87>1@065=> =0 B@5BL5< :;59<5, ?@>G8B09B5. . 571>6=8:8 >AC640NB A2OI5==><CG5=8:0 5=80<8=0 8 865 A =8< =0 A<5@BL. #. 'B> 2K 2848B5 =0 MB>< :;59<5? . !C4 =04 A2OBK<8. #. 571>6=8:8 E>B5;8 701@0BL 87 F5@:259 8 <>=0ABK@59 2A5 F5@:>2=K5 A2OBK=8. 5@CNI85 ;N48 2> 3;025 A> A2OI5=-=><CG5=8:>< 5=80<8=>< 2>A?@>B828;8AL 87JOB8N F5==>AB59. 70 MB> 8E ?@83>2>@8;8 : A<5@B8. @>G8B09B5, GB> 87>1@065=> =0 G5B25@B>< :;59<5. . #185=85 A2OI5==><CG5=8:>2 =4@>=8:0 8 @<>35=". 89 !>1>@ =>2><CG5= =8:>5 8 8A?>254=8:>2 >AA89A:8E #. 'B> 2K 2848B5 =0 MB>< :;59<5? . K 2848<, :0: 1K;8 C18BK MB8 A2OBK5: >4=>3> A2OB>3> 70@K20NB 2 75<;N, 0 4@C3>3> A1@0AK20NB 87 ;>4:8 A :0<=5< =0 H55. #. !2OI5==><CG5=8: =4@>=8:, 0@E85?8A:>? 5@<A:89 8 !>;8:0<A:89, 1K; 70@KB 682K< 2 75<;N. !2OI5==><CG5=8: @<>35=, 5?8A:>? ">1>;LA:89 8 !818@A:89, 1K; CB>?;5= 2 @5:5 ">1>; A :0<=5< =0 H55. @>G8B09B5 =04?8AL =0 ?OB>< :;59<5. . 571>6=8:8 @07>@ONB "@>8F:CN !5@3852C 02@C 8 >A:25@=ONB A2OBK5 <>I8. #. 'B> 87>1@065=> =0 MB>< :;59<5? . !>;40BK 2K3>=ONB ?0;:>9 <>=0E>2 87 <>=0ABK@O 8 2K=>AOB >BBC40 <>I8. #. 571>6=8:8 70:@K20;8 <>=0ABK@8, @07@CH0;8 8E 8;8 CAB@0820;8 2 =8E A:;04K, BN@L<K. >=0E>2 2K3>=O;8 87 <>=0ABK@59, A060;8 2 BN@L<C 8;8 C1820;8. :>=K 8 :=838 A6830;8, 0 F5@:>2=K5 A2OBK=8 7018@0;8. 0 MB>< :;59<5 87>1@065=> @07>@5=85 "@>8F5-!5@3852>9 02@K. @>G8B09B5 =04?8AL =0 H5AB>< :;59<5. . #185=85 ?@5?>4>1=> <CG5=8FK ;8A025BK 8 865 A =5N. #. 'B> 2K 2848B5 =0 MB>< :;59<5? ,. !>;40BK A1@0AK20NB <>=0E8=L 2 O<C. #. !2OB0O ;8A025B0 @>48;0AL 2 =3;88 8 1K;0 A5AB@>9 8<?5@0B@8FK ;5:A0=4@K. =0 2KH;0 70<C6 70 25;8:>3> :=O7O !5@35O ;5:A0=4@>28G0 8 ?@8=O;0 @02>A;0285. >A;5 B@038G5A:>9 3815;8 A2>53> <C60 :=O38=O ;8A025B0 ?@8=O;0 <>=0H5A:89 ?>AB@83 8 ?>AB@>8;0 2 >A:25 0@D>-0@88=A:CN >18B5;L, 0 ?@8 =59 - 1>;L=8FC 8 ?@8NB. !2OB0O ;8A025B0 ?@542845;0 @52>;NF8N, => :>340 59 ?@54;>68;8 ?>:8=CBL >AA8N, >=0 A:070;0, GB> @5H8;0 @0745;8BL AC4L1C A2>59 =>2>9 >48=K. >A;5 @52>;NF88 :=O38=N 0@5AB>20;8 8 2<5AB5 A 8=>:8=59 0@20@>9 A1@>A8;8 2 H0EBC (1>;LHCN O<C), 0 ?>B>< 70:840;8 3@0=0B0<8. >340 A2OBCN AB0;:820;8 2 H0EBC, >=0 <>;8;0AL; >A?>48, ?@>AB8 8<, 81> =5 2540NB, GB> B2>@OB. @>GB8B5 =04?8AL =0 A54L<>< :;59<5. . !2OBK9 ?0B@80@E "8E>= 2 70B>G5=88 2 >=A:>< <>=0ABK@5. . . #. 'B> 2K 2848B5 =0 MB>< :;59<5? 90 !"+ #  . K 2848< A2OB>3>, :>B>@K9 AB>8B =0 AB5=5 8 1;03>A;>2;O5B =0@>4. #. !2OB59H89 ?0B@80@E "8E>= 1K; ?0B@80@E>< 2 BO65;>5 2@5<O. 3> <=>3> @07 A060;8 2 BN@L<C 8 4>?@0H820;8, 0 >= , <>;8;AO 70 A2>8E <CG8B5;59 8 60;5; 8E. 0B@80@E "8E>= ?KB0;AO C25I520BL 1571>6=8:>2, => >=8 =5 A;CH0;8 53>, 0 5I5 1>;LH5 =0 =53> >7;>18;8AL. 4=064K =>GLN >=8 2>@20;8AL : =5<C 2 :5;LN 8 E>B5;8 70AB@5;8BL 53>, => 25@=K9 :5;59=8: 70A;>=8; ?0B@80@E0 A>1>9 8 2<5AB> =53> ?@8=O; <CG5=8G5A:CN A<5@BL. 571>6=8:8 70B>G8;8 A2OB>3> 2 >=A:>< <>=0ABK@5, 5<C =5;L7O 1K;> >BBC40 2KE>48BL, 0 <>6=> 1K;> B>;L:> A> AB5=K 1;03>A;>2;OBL ;N459, :>B>@K5 A?5F8- . 0;L=> ?@8E>48;8 : AB5=0< <>=0ABK@O. 'B> =0?8A0=> =0 2>AL<>< :;59<5? . #185=85 A2OB03> F0@O 8:>;0O, A2OBKO F0@8FK ;5:A0=4@K, F0@528G0, F0@52=K 8 A;C3 8E. #. 'B> 87>1@065=> =0 MB>< :;59<5? . 45AL 87>1@065=K ;N48, :>B>@KE @0AAB@5;820NB A>;40BK. #. 0 MB>< :;59<5 87>1@065=0 A5<LO ?>A;54=53> @CAA:>3> F0@O 8:>;0O II. 0=LH5 =0H59 AB@0=>9 ?@028; F0@L  ><070==8: >689, B> 5ABL 53> 2;0ABL 1K;0 >B >30. >A;5 @52>;NF88 1571>6=8:8 0@5AB>20;8 F0@O 8:>;0O, F0@8FC ;5:A0=4@C, F0@528G0 ;5:A5O, F0@525= ;L3C, "0BLO=C, 0@8N, =0AB0A8N 8 =5:>B>@KE A;C3. !=0G0;0 8E 45@60;8 ?>4 0@5AB>< 2> 42>@F5 2 &0@A:>< !5;5, 0 ?>B>< ?5@5257;8 2 !818@L, 345 ?>A5;8;8 2 <0;5=L:>< 4><8:5. 17 8N;O 1918 3>40 2 :0B5@8=1C@35, 2 ?>420;5 ?0BL52A:>3> 4><0, >=8 1K;8 2A5 @0AAB@5;O=K. @>G8B09B5 =04?8AL =0 452OB>< :;59<5, . #185=85 ?@0254=8:>2 2 CB>25. #. 'B> 2K 2848B5 =0 MB>< :;59<5? . 0 MB>< :;59<5 87>1@065=> <=>3> <CG5=8:>2: >4=8E 254CB =0 @0AAB@5;, 4@C38E @0AAB@5;820NB, B@5BL8 ;560B ?>3@515==K5 2 O<0E. #.  CB>25 (A59G0A MB> @09>= >A:2K) 1K;8 C=8GB>65=K 45AOB:8 BKAOG =528==KE ;N459. AC645==KE ?@82>78;8 =>GLN, @0AAB@5;820;8 8 BCB 65 70@K20;8 2 >3@><=KE O<0E. !59G0A 2 CB>25 =0 <5AB5 @0AAB@5;>2 ?>AB02;5= E@0<. 'B> =0?8A0=> =0 45AOB>< :;59<5? . 0AAB@5; :@5AB=>3> E>40 2 AB@0E0=8. 91 #. 'B> 87>1@065=> =0 MB>< :;59<5? . %@0<, ;N48 A 8:>=0<8, 8E @0AAB@5;820NB A>;40BK. #. >A;5 @52>;NF88 2> <=>38E 3>@>40E 1K;8 70?@5I5=K :@5AB=K5 E>4K, => 25@CNI85 ;N48 2A5 @02=> H;8 A;028BL >A?>40. 0 MB>< :;59<5 87>1@065= @0AAB@5; :@5AB=>3> E>40 2 AB@0E0=8. 'B> =0?8A0=> =0 >48==04F0B>< :;59<5? . G !2OI5= =>< CG5=8: 0 ;048<8@0 254CB =0 :07=L. 1@5B5=85 B5;0 A2OI5==> <CG5= 8 : 0 ;048<8@0. #. 'B> 2K 2848B5 =0 MB>< :;59<5? . !2OB>3> 2K2>4OB 87 F5@:28 420 A>;40B0; ;N48 @O4>< A B5;>< A2OB>3>. #. !2OB8B5;L ;048<8@, <8B@>?>;8B 852A:89, ?5@2K< 87 5?8A:>?>2 ?@8=O; <CG5=8G5A:89 25=5F. >A;5 @52>;NF88 =5:>B>@K5 A2OI5==8:8 =0 #:@08=5 @5H8;8 87<5=8BL F5@:>2=CN 687=L, >=8 >B:070;8AL ?>4G8=OBLAO ?0B@80@EC. !2O-I5==><CG5=8: ;048<8@ ?KB0;AO >AB0=>28BL 8E, >= >1JOA=O;, GB> 2AO @02>A;02=0O &5@:>2L 4>;6=0 ?>G8=OBLAO ?0B@80@EC, 0 B>B, :B> >BE>48B >B MB>3>, ;8H05BAO >6859 1;03>40B8. > >BABC?=8:8 =5 ?>A;CH0;8 A;>2 <8B@>?>;8B0 8 4>=5A;8 =0 =53> 2;0ABO<. A:>@5 A2OI5==><CG5=8: ;048<8@ 1K; @0AAB@5;O= 157 AC40. 'B> =0?8A0=> =0 425=04F0B>< :;59<5? . !2OI5==8:0 278<0NB >B ?@5AB>;0 >68O. #. 'B> 87>1@065=> =0 MB>< :;59<5? . !>;40BK 0@5AB>2K20NB A2OI5==8:0, @O4>< AB>8B 65=I8=0 A 45BL<8. , " #. 45AL 87>1@065= A2OI5==8:, :>B>@>3> 7018@0NB 2 BN@L<C ?@O<> A> A;C61K >B 0;B0@O. O4>< AB>OB 53> 65=0 8 45B8. @>G8B09B5 =04?8AL =0 B@8=04F0B>< :;59<5. . 0:@KB85 !0@>2A:>3> <>=0ABK@O 8 ?>E8I5=85 A2OBKE <>I59 @5?>4>1=>3> !5@0D8<0. #. 'B> 745AL 87>1@065=>? . !>;40BK 2K3>=ONB <>=0E>2 87 <>=0ABK@O 8 2K=>AOB <>I8. #. 0 :0:>< :;59<5 <K C65 2845;8 ?>E>689 AN65B? . 0 ?OB><, 345 1K;> 87>1@065=> @07>@5=85 "@>8F5-!5@-3852>9 02@K. #. 0 8:>=5 <K C2845;8 @07>@5=85 B>;L:> 42CE <>=0ABK@59, => B0:>9 CG0AB8 ?>425@3;8AL 2A5 @CAA:85 <>=0ABK@8. 'B> =0?8A0=> =0 G5BK@=04F0B>< :;59<5? 92 !"+ #  . #185=85 A2OI5==><CG5=8:0 8@8;;0 070=A:>3> 8 865 A =8<. #. 'B> 2K 2848B5 =0 MB>< :;59<5? . !>;40BK @0AAB@5;820NB A2OBKE, 42>5 ;560B C65 C18BK5, 0 >48= AB>8B, ?>4=O2 @C:8. #.  G5< 3>2>@8B ?>70 A2OB>3>? 0: 2K 4C<05B5, GB> >= 45;05B? . 025@=>5, >= <>;8BAO. #. >340 ?0B@80@E "8E>= ?>GC2AB2>20; ?@81;865=85 A<5@B8, B> >= 871@0; A2>8< ?@55<=8:>< A2OB8B5;O 8@8;;0. >340 >1 MB>< C7=0;8 =>2K5 2;0AB8, >=8 ?@54;>68;8 A2OB8B5;N A>B@C4=8G0BL A =8<8, => A2OB>9 >B:070;AO ?>4G8=OBLAO 1571>6=8:0<, 70 MB> 53> ?>425@3;8 0@5ABC 8 @0AAB@5;C. !53>4=O 2K C7=0;8 B>;L:> > =5:>B>@KE =>2><CG5=8:0E, 8E 1K;> >G5=L <=>3>: <C6G8=K 8 65=I8=K, AB0@8:8 8 45B8, A2OI5==8:8 8 <8@A:85 ;N48. <5=0 <=>38E =>2><CG5=8:>2 =0< =58725AB=K, 2848B5, =0 8:>=5 =0?8A0=>; O2;5==KE 8 =5O2;5==KE, B> 5ABL B5E A2OBKE, 8<5=0 :>B>@KE =0< =5 O2;5=K, =5 >B:@KBK >3><. 0209B5 2KCG8< <>;8B2C 2A5< =>2><CG5=8:0< 8 8A?>254=8:0< >AA89A:8<, ?>A<>B@8B5, >=0 =0?8A0=0 =0 4>A:5. !2OBK5 =>2><CG5=8:8 >AA89A:85, <>;8B5 >30 > =0A! @>G8B05< 55 E>@><, 0 ?>B>< 2K 70?8H5B5 55 2 B5B@048 8 ?>AB0@05B5AL 2KCG8BL : A;54CNI5<C C@>:C.  A59G0A ?>A;CH09B5 >B@K2>: 87 @0AA:070 '0H0 ?8A0B5;O . . 8:8D>@>20->;38=0. 59AB285 @0AA:070 ?@>8AE>48B 2A:>@5 ?>A;5 @52>;NF88. !2OI5==8: @0AA:07K205B > A2>5< AK=5: 48=AB25==K9 C <5=O 1K; ?>A;5 ?>:>9=8FK 65=K! 0A:>2K9 B0:>9 40 704C<=K9. 0AA:07K ;N18; ?@> A2OBKE <CG5=8:>2...  2A5E 60;5;, 2A5< C;K10;AO AK=>G5: <>9 <8;5=L:89!.. ">9 =>G8 =5 701KBL <=5!.. @8H;8 >=8 ?LO=K5, 3@5E>< ?@>?0EH85. 7;><0;8 2>B MBC A0<CN F5@:>2L 8 2>H;8 2 =55 2 H0?:0E A ?0?8@>A0<8 2 7C10E. 0;LG8: <>9 =5 A?0;. #2845; 8E 8 @071C48; <5=O. 0: =8 ?@>A8; O 53> =5 E>48BL A> <=>9, ?>H5;!.. 0: 1K;... 2 15;>9 =>G=>9 @C10H5G:5... @8H;8 2 F5@:>2L.  >=8-B> A ?5A=O<8 10;03C@=K<8. &0@A:85 2@0B0 @0A- 93 !>1>@ =>O><CG5==8:>2 8 8A?>254=8:>2 >AA89A:8E :@K;8 8 =0 ?@5AB>;5 A25G8 706830;8! ;520;8AL 8 A:25@=>A;>28;8. > 2KA:070BL B>3>, GB> 1K;> =0 4CH5 C <5=O B>340!.. / <>;8BL 8E AB0;, ?LO=KE, >3>;B5;KE, >30 ?>1>OBLAO, =5 :>IC=AB2>20BL. =8 =5 A;CH0;8 <5=O.  A?8=C B>;:0;8, 2>;>AK =0 <=5 @20;8, >?;52K20;8 8 70CH0;8... 4@C3 286C - >48= 87 =8E ?@8:0A05BAO : '0H5 >A?>4=59!  '0H5! "CB-B> 8 A25@H8;>AL... >9 AK=>G5: 2 0;B0@L 1@>A8;AO.  286C... CG>=:0<8 A2>8<8 <0;5=L:8<8 2K@K205B '0HC >A?>4=N 87 @C: ?LO=>3> :>IC==8:0.  =5 ?>25@8B5, 2K@20; 55! 'C4>< 2K@20;! 0: A59G0A 286C 53> 2 15;>< >45O=88, :0: E8B>= >B@>:0 8ACA0, A '0H59 %@8AB>2>9, AE>4OI53> ?> ABC?5=O< 0<2>=0... "CB 70 %@8AB0 8 ?>AB@040; A25B;K9 <>9 <0;LG8:, 5 CA?5; O ?>4>9B8 : =5<C, :0: 2KA>:89 A>;40B C40@8; 53> ?@8:;04>< ?> 3>;>25...  :>340 C2845; 53>, >103@5==>3> :@>2LN, 1574KE0==>3>, O =5 ?;0:0;. 0 4CH5 1K;> OA=>-OA=>. !?>:>9=> 27O; 53> =0 @C:8 8 4><>9 ?>=5A, 8 ?> @C:0< <>8< :@>2L 53> AB@C8;0AL.  G5< MB>B @0AA:07? .  <0;5=L:>< AK=5 A2OI5==8:0, :>B>@K9 E>B5; >B=OBL A2OBCN '0HC C 1571>6=8:>2 8 1K; C18B. #. >6=> ;8 =0720BL MB>3> <0;LG8:0 <CG5=8:><? >G5<C? . 0, ?>B><C GB> <CG5=8:8  MB> ;N48, :>B>@K5 ?@8=O;8 A<5@BL 70 25@C. -B>B <0;LG8: 1K; C18B B>65 70 A2>N 25@C, 70 B>, GB> >= E>B5; A?0AB8 >B ?>@C30=8O A2OBCN '0HC. III. 0:@5?;5=85 <0B5@80;0 #.  :>< <K 3>2>@8;8 A53>4=O =0 C@>:5? ,  =>2><CG5=8:0E >AA89A:8E. #. >?@>1C9B5 ?> 8:>=5 @0AA:070BL > =5:>B>@KE 87 =8E. 5B8 >B25G0NB. IV. >42545=85 8B>3>2 #.  G5< <K 3>2>@8;8? 'B> 20< 70?><=8;>AL? ><0 2KCG8B5 <>;8B2C : =>2><CG5=8:0<. .. ;N520 94 !"+ #  "5<0. !2OB0O 1;065==0O A5=8O 5B5@1C@3A:0O &5;L C@>:0. >7=0:><8BL 45B59 A 687=LN A2OB>9 1;065==>9 A5=88, A ?>=OB85< 1;065==K9, 8;8 N@>482K9. %>4 C@>:0 I. !>>1I5=85 F5;8 C@>:0 #G8B5;L. B30409B5 70304:C.  MB>B 45=L <K 1C45< A =8<8,,  G5ABL :>3> <K =>A8< 8<O. >2K9 >=, 8 >= AB0@8==K9, @074=8: - =0H8... , 5B8. <5=8=K. #. 'B> MB> 70 ?@074=8:? . -B> 45=L ?0<OB8 A2OBKE, 2 G5ABL :>B>@KE <K =0720=K. . #. B> 7=05B 45=L A2>8E 8<5=8=? B> <>65B @0AA:070BL >  A2OB><, 2 G5ABL :>B>@>3> >= =0720=? 5B8 >B25G0NB. - >A;CH09B5 AB8E>B2>@5=85 235=8O !0=8=0 > 452>G:5, :>B>@0O A?@02;O5B A2>8 8<5=8=K 6 D52@0;O. 4=064K 2 2>A:@5A5=85 0H;8 <K A <0<>9 2 E@0<.  24@C3 O 8<O A5=8O, @54AB02LB5, A;KHC B0<! >B AB@0==>: 254L =5 4><0 O, .45 2AO <>O @>4=O. B> 720; <5=O - 7=0:><K5?  720;8... =5 <5=O! !2OB>9 <>;8;8AL A5=88. =0, A:070;8 <=5, -045640 =0 A?0A5=85  ;N4O<, 8 AB@0=5. 8;0 >=0, 1;065==0O, "8E0,4>1@0, G8AB0, 0A<5H:8, C=865=8O "5@?O @048 %@8AB0. !2OB0O 1;065==0O A5=8O 5B5@1C@3A:0O 96-  A=53 8 4>648 >A5==85, 0 ?>;5, GB> =8 =>GL, >;8;0AL >3C A5=8O, 5;0O 2A5< ?><>GL! "5?5@L =025: 2 @0N >=01 >, 3>2>@OB, 8 B0< !2OB0O, 25G=> N=0O A5 ?><>305B =0<.  O 254L - B>65 A5=8O!  ;N48, :0: @>4=O, "5?;59, G5< A 4=5< @>645=8O, >74@028;8 <5=O!  4;O B>3>, GB>1 ?0<OB=59 5=L 0=35;0 B>B 1K;, 0H 10BNH:0 =0 ?0<OBL <=5 :>=:C ?>40@8;. . ! B>3> 65 2>A:@5A5=8O :>=:0 - =0 AB5=5... >;8, A2OB0O A5=8O, "K >30 >1> <=5! - 0: 720;8 452>G:C? , A5=8O. #. 'B> 2K C7=0;8 > 55 A2OB>9? . =0 1K;0 1;065==>9, 4=5< 8 =>GLN <>;8;0AL >3C, ?><>30;0 ;N4O<. #. !53>4=O O @0AA:06C 20< >1 MB>9 A2OB>9 - 1;065==>9 A5=88 5B5@1C@3A:>9. II, >2B>@5=85 #. A?><=8<, :0:8E A2OBKE =07K20NB 1;065==K<8, 8;8 N@>482K<8. . -B> ;N48, :>B>@K5 ?@8B2>@O;8AL 157C<=K<8, 0 =0 A0<>< 45;5 25;8 A2OBCN ?>4286=8G5A:CN 687=L,;' , #. K ?@02K, >=8 2K3;O45;8 AB@0==>: >4520;8AL 2 ;>E<>BLO, 5420 ?@8:@K202H85 B5;> >B =5?>3>4K; 5;8 B>, GB> 8< ?>4020;8 4>1@K5 ;N48; C =8E G0AB> =5 1K;> A2>59 :@KH8 =04 3>;>2>9. > MB8 ;N48 8<5;8 >A>1K9 40@ - 2845BL =0A:2>7L :064>3> G5;>25:0 8 7=0BL 53> 1C4CI55. "0:8< G5;>25:>< 1K;0 8 1;065==0O A5=8O, > :>B>@>9 2K A53>4=O C7=05B5. 96 !"+ #  III. !>>1I5=85 =>2>3> <0B5@80;0 #. 0: 2K 4C<05B5, 2 :0:>< 3>@>45 68;0 A2OB0O A5=8O? .  !0=:B-5B5@1C@35. #. @028;L=>, ?>MB><C 55 8 AB0;8 =07K20BL A5=8O 5B5@1C@3A:0O.  45BAB25 A2OB>9 =0< =8G53> =5 8725AB=>. >6=> B>;L:> A:070BL, GB> A2OB0O A5=8O ?>;CG8;0 E>@>H55 >1@07>20=85. >340 >=0 ?>4@>A;0, B> 2KH;0 70<C6 70 =4@5O $54>@>28G0 5B@>20. = ?5; 2 E>@5, A>AB02;5==>< A0<>9 8<?5@0B@8F59. C6 8 65=0 A8;L=> ;N18;8 4@C3 4@C30: >48= =5 <>3 68BL 157 4@C3>3>. > =54>;3> 4;8;>AL 8E AG0ABL5. '5@57 B@8 3>40 =4@59 $54>@>28G C<5@. >A;5 A<5@B8 <C60 A2OB0O A5=8O :0: 1C4B> ;8H8;0AL @0AAC4:0. =0 =045;0 =0 A51O >4564C <C60 8 AB0;0 ?@>A8BL =07K20BL A51O 53> 8<5=5<, B> 5ABL =4@55< $54>@>28G5<, 3>2>@O B0:: AB02LB5 2K A5=8N! 'B> >=0 20< A45;0;0? >E>@>=8;0 O 55, 0 =4@59 $54>@>28G 25AL BCB". !@07C ?>A;5 ?>E>@>= 1;065==0O A5=8O @0740;0 154=K< 2A5 A2>8 45=L38 8 25I8, 4065 4>< >B40;0 >4=>9 A2>59 7=0:><>9 A CA;>285<, GB>1K B0 ?CA:0;0 =0 =>G;53 : A515 =8I8E. !=0G0;0 @>4=K5 8 1;87:85 4C<0;8, GB> 154=0O 65=I8=0 >B . 3>@O ;8H8;0AL C<0, => ?>B>< ;N48 ?>=O;8: =5 >B A;01>3> C<0 1K;8 55 ?>ABC?:8, 0 >B 4>1@>3> A5@4F0 8 ;N128 : ;N4O<. >B B0: AB0;0 A2OB0O A5=8O 1;065==>9. A5 4=8 >=0 1@>48;0 ?> 3>@>4C - 1>A0O, 2 <C6A:>9 >45645. >340 MB0 >45640 8AB@5?0;0AL, A2OB0O AB0;0 E>48BL 2 :@0A=>9 :>DB5 8 75;5=>9 N1:5 8;8 =0>1>@>B  2 75;5=>9 :>DB5 8 :@0A=>9 N1:5. (-B> 1K;8 F25B0 <C=48@0 55 <C60.) 7 2A5E 45=53, 40205<KE 59, 1@0;0 1;065==0O A5=8O B>;L:> :>?59:C, :>B>@CN >=0 =07K20;0 F0@L =0 :>=5. >G5<C? . 0 :>?59:5 87>1@065= A2OB>9 5>@389 >154>=>A5F =0 :>=5. #. K ?><=8B5: A2>9 4>< 1;065==0O A5=8O >B40;0 ?>4@C35. 45 65 >=0 =>G520;0? >@>60=5 B>65 8=B5@5A>20;8AL MB8<, 8 >4=064K >=8 @5H8;8 70 =59 ?@>A;548BL.  A2OB0O A5=8O B?@028;0AL 70 3>@>4, 2 ?>;5, 8 B0< <>;8;0AL, 0 ?>B>< ?>H;0 =0 >3>@>4 : >4=><C 154=><C G5;>25:C 8 AB0;0 2K@K20BL A>@=O:8. 5@54 A0<K< @0AA25B><, CB><;5==0O @01>B>9, >=0 70A=C;0. ;065==0O A5=8O 2A5340 AB0@0;0AL 2> 2A5< 1KBL ?>;57=>9 ;N4O<; O C65 3>2>@8;0; >4564C, 45=L38 >=0 BCB 65 @074020;0 97 !2OB0O 1;065==0O A5=8O 5B5@1C@3A:0O =C640NI8<AO. > 8 MB> =5 2A5.  B> 2@5<O =0 !<>;5=A:>< :;0418I5 AB@>8;0AL F5@:>2L. > =>G0< 1;065==0O A5=8O =>A8;0 :8@?8G8 8 A:;04K20;0 8E 2KA>:> =0 ;5A0E, B09=> ?><>30O AB@>8B5;O<. '5@57 =5:>B>@>5 2@5<O 3>@>60=5 =0G0;8 70<5G0BL: :C40 70945B 1;065==0O, BC40 A@07C 70 =59 ?@8E>48B C40G0. A;8 A2OB0O ?>1K205B 2 :0:>9-=81C4L ;02:5, B> BCB 65 ;02:0 =0G8=05B E>@>H> B>@3>20BL, <0B5@8 70<5G0;8: ?>:0G05B A2OB0O A5=8O 1>;L=>3> @515=:0, 8 >= 2A:>@5 2K74>@02;8205B. ;065==0O A5=8O G0AB> ?@54A:07K20;0 ;N4O< 8E 1C4CI55 8 C:07K20;0, :0: 8< =04> ?>ABC?0BL. 4=064K A2OB0O ?@8H;0 : >4=>9 65=I8=5 8 A:070;0: >B BK A848HL, GC;:8 HB>?05HL 8 =5 7=05HL, GB> B515 >3 AK=0 ?>AK;05B. 48 A:>@59 =0 !<>;5=A:>5 :;0418I5. 5=I8=0 >G5=L C4828;0AL, B0: :0: C =55 =5 1K;> =8 <C60, =8 45B59, => ?>A;CH0;0AL A2OBCN A5=8N 8 ?>H;0 : :;0418IC. 4@C3 ?@O<> ?5@54 55 3;070<8 ?>2>7:0 A18;0 15@5<5==CN, 8 >=0 BCB 65, @>482 @515=:0, A:>=G0;0AL, 0 @515=:0 27O;0 A515 >48=>:0O 65=I8=0 8 2>A?8B0;0 53> :0: A2>53> AK=0.  4@C3>9 @07 1;065==0O A5=8O ?>4>H;0 =0 C;8F5 : =57=0:><:5, 40;0 59 <>=5BC A 87>1@065=85< 2A04=8:0 8 ?@>3>2>@8;0: >7L<8, BCB F0@L =0 :>=5. >BCE=5B. 5=I8=0 27O;0 <>=5BC 8, @074C<K20O =04 A;>20<8 A2OB>9, ?>H;0 2 AB>@>=C 4><0. #65 8740;8 C2845;0 =0 :@KH5 ?;0<O. 5=I8=0 ?>1560;0 8 B>;L:> ?@81;878;0AL : 4><C  ?;0<O 2<83 8AG57;>. "CB B>;L:> ?>=O;0 >=0, GB> >7=0G0;8 A;>20 1;065==>9 A5=88. !2OB0O 1;065==0O A5=8O ?@>68;0 ?>A;5 A<5@B8 <C60 F5;KE 45 ;5B. >340 >=0 C<5@;0, 55 ?>E>@>=8;8 =0 !<>;5=A:>< :;0418I5, 0 G5@57 =5:>B>@>5 2@5<O =04 <>38;>9 ?>AB@>8;8 G0A>2=N. >A;5 A<5@B8 A2OB>9 A5=88 5B5@1C@3A:>9 GC45A0 =5 ?@5:@0B8;8AL. >-?@56=5<C >=0 >AB05BAO ?><>I=8F59 ;N4O< 2 1540E 8 1>;57=OE. / @0AA:06C 20< > GC45A0E, ?@>87>H54H8E ?> <>;8B20< A2OB>9 1;065==>9 A5=88 C65 ?>A;5 55 A<5@B8. 0AA:07K20NB > GC45A0E 70@0=55 ?>43>B>2;5==K5 45B8. - :>;> AB0 ;5B =0704 =5:89 G5;>25: @5H8; >?@545;8BL A2>53> AK=0 2 :0:>5-=81C4L CG51=>5 702545=85. ;O MB>3> >= A?5F80;L=> ?@85E0; 2 5B5@1C@3. -B>B G5;>25: >1@0I0;AO 2> 98 !"+ #  <=>385 CG@5645=8O, => 25745 5<C >B25G0;8 >B:07><. = >BG0O;AO 8 @5H8; C65 5E0BL 4><>9, => >4=0 65=I8=0 ?>A>25B>20;0 AJ5748BL =0 <>38;:C : 1;065==>9 A5=88. 0 A;54CNI55 CB@> >B5F >B?@028;AO 2 G0A>2=N, 0 ?> 2>72@0I5=88 4><>9 =0H5; ?8AL<>, 345 3>2>@8;>AL > ?@8=OB88 AK=0 2 >4=> 87 CG51=KE 702545=89.  2>B :0: ?><>3;0 1;065==0O A5=8O A>;40B0< 2> 2@5<O 5;8:>9 B5G5AB25==>9 2>9=K. 20 2>8=0 >BAB@5;820;8AL 2 ?>420;5 4><0.  24@C3 >B:C40 =8 2>7L<8AL ?>O28;0AL 65=I8=0 8 A:070;0, GB>1K >=8 =5<54;5==> CE>48;8, ?>B><C GB> 2 MB>B ?>420; ?>?045B A=0@O4. 10 A>;40B0 C482;5==> A?@>A8;8: B> BK?  65=I8=0 >B25B8;0; / A5=8O 1;065==0O, ?@8H;0 A?0AB8 20A. >A;5 MB8E A;>2 >=0 8AG57;0.  A>;40BK ?>A;54>20;8 55 A>25BC, 8 :0: B>;L:> 2K1@0;8AL 87 ?>420;0, 25AL 4>< 27;5B5; =0 2>74CE. >65B 1KBL. 2K B>65 7=05B5 > GC45A0E ?> <>;8B20< A2OB>9 A5=88? >B 8 2A5 =0 A53>4=O. A;8 2K 70E>B8B5 C7=0BL > 687=8 1;065==>9 A5=88 ?>1>;LH5, B> ?@>G8B09B5 :=83C -. . C=-4KH52>9  G5< BK ?;0G5HL, =4@59 $54>@>28G?. / A53>4=O ?@8=5A;0 20< ?>:070BL MBC :=83C 8 E>GC ?@>G8B0BL 87 =55 ?>A;54=NN G0ABL: >2>@OB, :0: 8 ?@5645, ?><>305B >=0 <=>-38<. >2>@OB, GB> ?>:@>28B5;LAB2C5B >=0 3>@>4C 8, 5A;8 =03@O=5B 1540, 70I8B8B 53>. >2>@OB, 1C4B> 8 A53>4=O 1@>48B >=0 ?> !0=:B-5B5@1C@3C - AB0@0O, 154=> >45B0O 65=I8=0, ?>E>60O =0 >1KG=CN ?5=A8>=5@:C A ?0;>G:>9. =>9 @07 >=0 O2;O5BAO 4>1@><C G5;>25:C 8 ?>405B ?>;57=K9 A>25B, 2 4@C3>9 - ?@54AB05B ?5@54 G5;>25:>< 4C@=K< 8 ABK48B 53>, 0 ?>@>9 ?@>AB> A848B 345-=81C4L >48=>:> =0 A:0<59:5 2 A048:5 8 > G5<-B> ?;0G5B. >4AO4L : =59, ?>3>2>@8, A?@>A8, > G5< >=0 ?;0G5B... IV. 0:@5?;5=85 <0B5@80;0 #. !53>4=O, :>340 2K ?@845B5 4><>9, 20<, :>=5G=> 65, 70E>G5BAO @0AA:070BL > A2OB>9 1;065==>9 A5=88. ><C 2K @0AA:065B5 > =59? . >48B5;O<, 101CH:5, 454CH:5, 1@0BC, A5AB@5, 4@C7LO<. #.  GB>1K =8G53> =5 701KBL, 40209B5 A>AB028< ?;0= 20H53> 1C4CI53> @0AA:070. 5B8 2<5AB5 A .CG8B5;5< A>AB02;ONB ?;0=. !>1>@ 2A5;5=A:8E CG8B5;59 8 A2OB8B5;59... 99 1. !G0AB;82>5 70<C65AB2>. 2. !<5@BL <C60. 3. 87=L 1;065==>9: 0) 2=5H=89 284; 1) ?><>IL ;N4O<. 4. 0@ ?@>@>G5AB20: 0) CAK=>2;5=85 @515=:0; 1) ?>60@. 5. >=G8=0 A2OB>9 8 ?>A<5@B=K5 GC45A0. >A;5 MB>3> 45B8 A>AB02;ONB A2>8 @0AA:07K ?> MB><C ?;0=C. V. >42545=85 8B>3>2 #.  :0:>9 A2OB>9 2K A53>4=O C7=0;8? 'B> > =59 20< 1>;LH5 2A53> 70?><=8;>AL? ><0 =0@8AC9B5 ;N459, :>B>@K< ?><>3;0 A2OB0O 1;065==0O A5=8O. .. ;N520 "5<0. !>1>@ 2A5;5=A:8E CG8B5;59 8 A2OB8B5;59 0A8;8O 5;8:>3>, @83>@8O >3>A;>20 8 >0==0 ;0B>CAB0 &5;8 C@>:0. >7=0:><8BL A A>1KB8O<8 687=8 8 B2>@5=8O<8 A2OB8B5;59 0A8;8O 5;8:>3>, @83>@8O >3>A;>20 8 >0==0 ;0B>CAB0. %>4 C@>:0 I. !>>1I5=85 B5<K C@>:0 #G8B5;L. @>G8B09B5 =0 4>A:5 B5<C C@>:0.  :>< <K A53>4=O 1C45< 3>2>@8BL? 5B8.  B@5E A2OB8B5;OE: 0A8;88 5;8:><, @83>@88 >3>A;>25 8 >0==5 ;0B>CAB5. 100 !"+ #  #. 'B> 7=0G8B A;>2> A>1>@ 2 =0720=88 B5<K? . !>1@0=85. #. >G5<C <K =07K205< 0A8;8O 5;8:>3>, @83>@8O >3>A;>20 8 >0==0 ;0B>CAB0 2A5;5=A:8<8 CG8B5;O<8? B :0:>3> A;>20 ?@>87>H;> A;>2> 2A5;5=A:89? . B A;>20 2A5;5==0O. #. B> B0:85 2A5;5=A:85 CG8B5;O? . #G8B5;O 2A53> <8@0. II. >2B>@5=85 #. A?><=8<, :>3> 87 A2OBKE =07K20NB A2OB8B5;O<8. . !2OB8B5;8 - MB> A2OBK5 5?8A:>?K 8;8 0@E85@58, C3>482H85 >3C A2>59 ?@0254=>9 687=LN. #. B> B0:85 5?8A:>?K? . ?8A:>?K A>AB02;ONB 2KAH89 G8= 4CE>25=AB20. ?8A:>?0<8 <>3CB 1KBL B>;L:> <>=0H5AB2CNI85. =8 8<5NB ?@02> A>25@H0BL 2A5 B08=AB20 8 2A5 F5@:>2=K5 A;C61K. #. ?8A:>?>2 =07K20NB 5I5 0@E85@5O<8, B> 5ABL =0G0;L=8:0<8 85@552. >A<>B@8B5 5I5 @07 =0 =0720=85 B5<K 8 >B25BLB5, GB> 2K C65 <>65B5 A:070BL > A2OB8B5;OE 0A8;88 5;8:><, @83>@88 >3>A;>25 8 >0==5 ;0B>CAB5. . =8 1K;8 A2OBK<8 5?8A:>?0<8 8 CG8B5;O<8 %@8AB80=A:>9 &5@:28. III. 7CG5=85 =>2>3> <0B5@80;0 #.  A59G0A 2K C7=05B5 >1 8E 687=8, > B><, :0: >=8 AB0;8 5?8A:>?0<8 8 ?>G5<C 8E =07K20NB 2A5;5=A:8<8 CG8B5;O<8. !2OB>9 0A8;89 5;8:89 @>48;AO 2 1;03>G5AB82>9 A5<L5, 7 452OB8 45B59, 1K2H8E C 53> >BF0, G5B25@> 1K;8 ?@>A;02;5=K &5@:>2LN: :@><5 0A8;8O, A5AB@0 0:@8=0 8 1@0BLO -A2OB8B5;8 @83>@89 8AA:89 8 5B@ !520AB89A:89. # A2OB>3> 0A8;8O 1K;8 =5>1K:=>25==K5 A?>A>1=>AB8, 8 >= 87CG8; <=>385 =0C:8. ! =8< 2<5AB5 CG8;AO A2OB>9 @83>@89 >3>A;>2. =8 B0: ;N18;8 4@C3 4@C30, :0: 1C4B> C =8E 1K;0 >4=0 4CH0. !2OB8B5;L 0A8;89 5;8:89 E>B5; 87CG0BL !2OI5==>5 8A0=85, 8 4;O MB>3> >= >B?@028;AO 2 ?CABK=N 38?5BA:CN, 345 68;8 <=>385 E@8AB80=A:85 ?>4286=8:8. @>254O B0< 3>4, A2OB>9 0A8;89 ?>H5; 2 5@CA0;8< 8 B0< ?@8=O; :@5I5=85. >340 53> :@5AB8;8 (5ABL B0:>5 ?@540=85), 2=570?=> A25@:=C;0 <>;=8O 8 87 =55 2K;5B5; 3>;C1L. A:>@5 A2OB8B5;O 0A8;8O !>1>@ 2A5;5=A:8E CG8B5;59 8 A2OB8B5;59.. 101 ?>A2OB8;8 2 A2OI5==8:8. '5@57 3>4 A2OB8B5;8 0A8;89 5;8:89 8 @83>@89 >3>A;>2 @5H8;8 C40;8BLAO 2 ?CABK=N 8 ?@>68BL B0< 2AN 687=L. > 87-70 A;01>3> 74>@>2LO A2OB><C 0A8;8N ?@8H;>AL 25@=CBLAO 2 3>@>4, 745AL >= AB0; 0@E85?8A:>?>< 5A0@89A:8<, 8 >= AB0; C?@02;OBL &5@:>2LN. 4=064K F0@L-5@5B8: 0;5=B ?KB0;AO >B:;>=8BL A2OB>3> 0A8;8O >B 25@K 8 ?@83>2>@8; 53> : A<5@B8. B> B0:>9 5@5B8:? . BABC?=8: >B ?@02>A;02=>9 25@K. #. =05B5, GB> >B25B8; 5<C A2OB>9? CABL O ?>AB@040N 70 8AB8=C 8 >A2>1>6CAL >B B5<=KE C7, O 402=> C65 6064C MB>3>.  B0: F0@L C7=0;, GB> 0A8;89 5;8:89 =5 1>8BAO A<5@B8, 8 ?><8;>20; 53>. !2OB8B5;L 0A8;89 5;8:89 =0?8A0; <=>3> :=83, A>AB028; F5@:>2=K5 ?@028;0 8 CAB02K, =0?@8<5@, >= A>AB028; G8= >65AB25==>9 ;8BC@388. B> 7=05B, :>340 A;C68BAO ;8BC@38O 0A8;8O 5;8:>3>? . > 2>A:@5A5=LO< 2> 2@5<O 5;8:>3> ?>AB0. #. @028;L=>, 0 5I5 2 G5B25@3 8 AC11>BC !B@0AB=>9 A54<8FK, 2 45=L ?0<OB8 A2OB>3>, 1 O=20@O ?> AB0@><C AB8;N (14 O=20@O ?> =>2><C AB8;N), 8 2 A>G5;L=8:8 ?5@54 >645AB2>< %@8AB>2K< 8 @5I5=85<. 0: 2K 4C<05B5, ?>G5<C A2OB8B5;O 0A8;8O =0720;8 5;8:8<? . = 1K; 25;8:8< CG8B5;5<, =0?8A0; <=>3> :=83. #. B> 1K; 4@C3>< A2OB>3> 0A8;8O 5;8:>3>? . !2OB8B5;L @83>@89 >3>A;>2. #. !59G0A O @0AA:06C 20< > =5<. = @>48;AO 2 1;03>G5AB82>9 A5<L5. B5F A2OB8B5;O @83>@8O >3>A;>20 1K; 5?8A:>?><. 3> <0BL, 1;065==0O >==0, 8 53> 1@0B 5A0@89 ?@8G8A;5=K : ;8:C A2OBKE.  45BAB25 A2OB8B5;L @83>@89 =5 ;N18; ?CABKE 70102. 'B> 7=0G8B ?CABKE? . 5?>;57=KE, =5=C6=KE. #. A5 A2>5 2@5<O A2OB8B5;L @83>@89 ?>A2OI0; CG5=8N 8 <>;8B25. > 2@5<O CG51K >= ?>7=0:><8;AO A 0A8;85< 5;8:8<. B> ?><=8B, GB> 1K;> ?>B>< A 0A8;85< 5;8:8< 8 @83>@85< >3>A;>2><? . =8 CH;8 2 ?CABK=N. #. 0, 2 B> 2@5<O A2OB8B5;L @83>@89 >3>A;>2 1K; C65 A2OI5==8:><. 4=064K 5<C 1K;> 2845=85: >= C2845; 42CE ?@5:@0A=KE 4528F, >4=0 =0720;0AL '8AB>B>N, 0 4@C30O - &5;><C4@85<. 102 !"+ #  ! B5E ?>@ A2OB8B5;L @83>@89 @5H8; E@0=8BL A2>5 A5@4F5 2 G8AB>B5. 0: 2K ?>=8<05B5 2K@065=85 E@0=8BL A5@4F5 2 G8AB>B5? . -B> 7=0G8B AB0@0BLAO =5 3@5H8BL 4065 2 <KA;OE, ?><>30BL ;N4O<, <>;8BLAO. #. !2OB8B5;L @83>@89 E>B5; 2AN 687=L ?@>68BL 2 ?CABK=5, => >B5F C?@>A8; 53> 25@=CBLAO 2 @>4=>9 3>@>4, GB>1K ?><>GL 5<C. !2OB8B5;L @83>@89 ?>A;CH0;AO >BF0 8 ?@8=O; 5?8A:>?A:89 A0=.  B> 2@5<O ?>O28;0AL 5@5AL @8O, :>B>@K9 >B@8F0; >65AB2> !K=0 >68O.  A2OB8B5;L @83>@89 <=>3> ?>B@C48;AO, GB>1K 871028BL &5@:>2L >B ;65CG5=8O. >340 >= ?@85E0; 2 >=AB0=B8=>?>;L, 345 CA5@4=> 1>@>;AO A 5@5ALN, B> ?@02>A;02=K5 871@0;8 53> >=AB0=B8=>?>;LA:8< ?0B@80@E><. B> B0:>9 ?0B@80@E? . : . -B> 5?8A:>?, :>B>@K9 C?@02;O5B 2A5<8 F5@:20<8 3>AC40@AB20. #. > 7;K5 ;N48 @5H8;8 C40;8BL A2OB>3> @83>@8O 87 >=AB0=B8=>?>;O, 8 B>340 >= >AB028; ?0B@80@H89 ?@5AB>; 8 25@=C;AO : A515 =0 @>48=C, 345 8 C<5@, 4>AB83=C2 AB0@>AB8.  :>< =0< 5I5 >AB0;>AL C7=0BL? . 1 >0==5 ;0B>CAB5. #. B5F A2OB8B5;O >0==0 @0=> C<5@, 8 53> 2>A?8BK20;0 <0BL. =0 2>A?8B0;0 53> 2 E@8AB80=A:>9 25@5 8 40;0 E>@>H55 >1@07>20=85- !2OB>9 >0== E>B5; 2 N=>AB8 C9B8 2 <>=0ABK@L, => <0BL =5 ?CAB8;0 53>. !2OB>9 >0== ?>A;CH0; <0BL 8 CH5; 2 <>=0ABK@L B>;L:> ?>A;5 55 A<5@B8. 4=064K 5<C O28;8AL A2OBK5 0?>AB>;K 5B@ 8 >0== >3>A;>2. >0== >3>A;>2 40; 5<C A28B>: A> A;>20<8; >7L<8 MB>B A28B>: 87 @C:8 <>59. >A?>4L 40@C5B B515 ?@5<C4@>ABL, GB>1K BK ?@5?>40; 55 ;N4O< 8 >1;8G8; 5@5B8:>2.  5B@ 40; , >0==C :;NG8 8 A:070;: >7L<8 MB8 :;NG8. / - 5B@, :>B>@><C 40=K :;NG8 &0@AB28O 515A=>3>. >3 2@CG05B 8 B515 :;NG8 &5@:28. >0==, ?>;CG82 40@ CG8B5;LAB20, A;C68; >3C 45;>< 8 A;>2><.  MB> 2@5<O A2OB8B5;N $;0280=C =B8>E89A:><C O28;AO 2> A=5 0=35; 8 25;5; ?>A2OB8BL >0==0 2 A2OI5==8:8.  :>340 A>25@H0;8 B08=AB2>, =04 >0==>< O28;AO 15;K9 3>;C1L. !8<2>;>< G53> O2;O5BAO 15;K9 3>;C1L? . !8<2>;>< CE0 !2OB>3>. !>1>@ 2A5;5=A:8E CG8B5;59 8 A2OB8B5;59... 103 #. A:>@5 A2OB>3> >0==0 871@0;8 ?0B@80@E><. @><5 >30, >= =8:>3> =5 1>O;AO 8 ?>MB><C >1;8G0; =5?@024C 8 70I8I0; >1865==KE. ">340 7;K5 ;N48 2>AAB0;8 =0 A2OB8B5;O >0==0 8 4>18;8AL 53> 873=0=8O. "@8 3>40 >= 1K; 2 AAK;:5, 8 2 45=L ?@074=>20=8O >742865=8O @5AB0 >A?>4=O >= A:>=G0;AO 2 3>@>45 ><0=K. >A;54=8<8 A;>20<8 A2OB8B5;O 1K;8; !;020 >3C 70 2A5. !2OB8B5;L >0== ;0B>CAB =0?8A0; <=>3> ?>CG5=89, 0 B0:65 >= A>AB028; G8= >65AB25==>9 ;8BC@388. 0: 2K 4C<05B5, ?>G5<C A2OB8B5;O >0==0 =0720;8 ;0B>CAB><? B :0:8E A;>2 >1@07>20;>AL MB> ?@>728I5? . >;>BK5 CAB0. #. 'B> B0:>5 CAB0? . >B, 3C1K. #.  ?@O<>< ;8 A<KA;5 8A?>;L7>20=> 745AL A;>2> 7>;>- BK5? . 5B. #.  GB> >=> 745AL >1>7=0G05B? . !2OB8B5;O >0==0 B0: =0720;8, =025@=>5, ?>B><C, GB> >= 1K; 70<5G0B5;L=K< ?@>?>254=8:>< !;>20 >68O. #. K C7=0;8 >1> 2A5E B@5E A2OB8B5;OE.  @02>A;02=>9 &5@:28 5ABL 45=L ?0<OB8 :064>3> 87 =8E, => 5ABL 45=L, :>340 ?@074=C5BAO ?0<OBL A@07C 2A5E B@5E A2OB8B5;59. @>G8B09B5 =0 4>A:5, :>340 MB> 1K205B. . 30 O=20@O - ?> AB0@><C AB8;N, 0 12 D52@0;O - ?> =>2><C. ' #. !59G0A O 20< @0AA:06C, 2 G5ABL :0:>3> A>1KB8O CAB0=>2;5= MB>B ?@074=8:. %@8AB80=5 >4=> 2@5<O A?>@8;8, :B> 87 B@5E A2OB8B5;59 2KH5. ">340 0A8;89 5;8:89, @83>@89 >3>A;>2 8 >0== ;0B>CAB O28;8AL 2> A=5 >4=><C 5?8A:>?C 8 A:070;8: "K @02=K C >30, :0: BK 2848HL. 5B <564C =0<8 =8 ?5@2>3>, =8 2B>@>3>. !:0702 MB> 5?8A:>?C, >=8 AB0;8 ?>4=8<0BLAO =0 =51>.  ?0<OBL MB>3> A>1KB8O 8 ?>AB0=>28;8 ?@074=>20BL ?0<OBL B@5E A2OB8B5;59 2 B>B 45=L. %>BO A2OB8B5;8 68;8 >G5=L 402=>, => C =0A >AB0;8AL 8E ?>CG5=8O, O 8E 20< 70G8B0N, 0 2K >B25BLB5, ?>4E>4OB ;8 MB8 2KA:07K20=8O : =0H59 A>2@5<5==>9 687=8 8;8 >=8 CAB0@5;8. B25@3=5< >18;85 75<=>5, 8A:C?8< 4CH8 A2>8 <8;>ABK=O<8, 4048< >B 8<5=89 A2>8E 154=K<, 401K ABO60BL 1>30BAB2> =515A=>5.  G5<-3>2>@8B =0< A2OB>9 @83>@89 2 MB>< ?>CG5-. =88? 104 !"+ #  .  B><, GB> =04> ?><>30BL 154=K<, ?>4020BL <8;>ABK=N. #. >;6=K ;8 ;N48 2 =0H5 2@5<O ?><>30BL 154=K<? >G5<C? . >;6=K, ?>B><C GB>, :>340 <K ?>405< <8;>ABK=N, 55 ?@8=8<05B !0< >A?>4L. #. A;8 1K ?>;57=> 1K;> 7=0BL 1C4CI55, B> >3 =5 A:@K; 1K B>3> >B =0A. '5<C =0A CG8B A2OB8B5;L >0== ;0B>CAB? . "><C, GB> =5 =04> 3040BL, GB>1K C7=0BL 1C4CI55. #.  2 =0H5 2@5<O 5ABL B0:85 ;N48, : :>B>@K< >1@0I05BAO A2OB>9 >0== ;0B>CAB? . 0, MB> B5 ;N48, :>B>@K5 25@OB 2 3>@>A:>?K, 3040NB. #. 5B8 4>;6=K ?>G8B0BL @>48B5;59 8 1KBL 8< ?>A;CH=K 2> 2A5<.  G5< 3>2>@8B =0< A2OB>9 0A8;89? .  B><, GB> =04> ;N18BL @>48B5;59, A;CH0BLAO 8E. IV. 0:@5?;5=85 ?@>945==>3> <0B5@80;0 #. K 4>;6=K ?>4@060BL 687=8 A2OBKE. '5<C =0A <>65B =0CG8BL 687=L B@5E A2OB8B5;59? @82548B5 ?@8<5@K 87 8E 87=8, :>B>@K< <K 4>;6=K ?>4@060BL. . @8;560=8N 2 CG515. !2OBK5 0A8;89 5;8:89 8 @83>@89 >3>A;>2 <=>3> 2@5<5=8 ?>A2OI0;8 CG515 8 E>@>H> CG8;8AL. - @5?:>9 4@C615. !2OBK5 0A8;89 5;8:89 8 @83>@89 >3>A;>2 4@C68;8 A @0==59 N=>AB8 4> A0<>9 A<5@B8. ~ "25@4>9 25@5. !2OB>9 0A8;89 5;8:89 =5 >B@5:AO >B A2>59 25@K 4065 ?5@54 ;8F>< A<5@B8. !2OB>9 >0== ;0B>CAB >1;8G0; 3@5E8, =5 1>OAL =0:070=8O. - !>E@0=5=8N <8@0 <564C ;N4L<8. !2OB>9 @83>@89 >3>A;>2 A0< >AB028; ?0B@80@H89 ?@5AB>;, :>340 53> 70E>B5;8 C40;8BL. - >A;CH0=8N @>48B5;O<. !2OB>9 @83>@89 >3>A;>2 E>B5; ?@>25AB8 687=L 2 ?CABK=5, =>, ?>28=COAL 2>;5 >BF0, AB0; 5?8A:>?><. !2OB>9 >0== ;0B>CAB E>B5; C9B8 2 <>=0ABK@L, => <0BL 70?@5B8;0 5<C, 8 >= ?>A;CH0;AO 55. V. >42545=85 8B>3>2 #.  :0:8E A2OBKE <K A53>4=O C7=0;8?  G5ABL :0:>3> A>1KB8O <K ?@074=C5< 8E ?0<OBL 2<5AB5? !>AB02LB5 ?;0= @0AA:070 >1 >4=>< A2OB><; ?5@2K9 @O4 - > 0A8;88 5;8:><, 2B>@>9 - > @83>@88 >3>A;>25, B@5B89 - >1 >0==5 ;0B>CAB5. 0?8H8B5 >A=>2=K5 A>1KB8O 687=8 A2OB8B5;59. !>1>@ 2A5;5=A:8E CG8B5;59 8 A2OB8B5;59... 105 5B8 @01>B0NB A0<>AB>OB5;L=>, ?>B>< >1AC640NB ?;0=K. !2OB8B5;L 0A8;88 5;8:89 ;1. !5<LO A2OB>3>. .2. 5BAB2>. 3; 38?5BA:0O ?CABK=O. 4. @5I5=85. 5. #40;5=85 2 ?CABK=N. 6. >A2OI5=85 2 0@E85?8A:>?0. 7. !2OB8B5;L 0A8;89 8 F0@L 0;5=B. 8. @>872545=8O A2OB8B5;O 0A8;8O 5;8:>3>. !2OB8B5;L @83>@89 >3>A;>2 1. !5<LO. 2. 5BAB2>. 3. CABK=O. 4. /2;5=85 42CE 452. ' 1. @8=OB85 5?8A:>?A:>3> A0=0. " - 6. >@L10 A 5@5B8:0<8. 7. !2OB8B5;L @83>@89 - .?0B@80@E. 8. >72@0I5=85 =0 @>48=C. !2OB8B5;L >0== ;0B>CAB 1. 5BAB2> 8 N=>ABL. 2. #E>4 2 <>=0ABK@L. 3. /2;5=85 0?>AB>;>2 5B@0 8 >0==0. 4. >A2OI5=85 2 A2OI5==8:8. 5. 71@0=85 A2OB8B5;O >0==0 ?0B@80@E><. 6. 73=0=85 A2OB8B5;O >0==0. -#G8B5;L 2KA;CH8205B @0AA:07K 2A5E B@5E 3@C??. 5B8 >F5=820NB @0AA:07K. VI. ><0H=55 7040=85 .#. ><0 ?>43>B>2LB5 @0AA:07 >1 >4=>< 87 A2OBKE ?> ?;0=C. .. ;N520 106 !"+ #  "5<0. !2OB8B5;L ;5:A89, <8B@>?>;8B >A:>2A:89" &5;8 C@>:0. >7=0:><8BL A 68B85< A2OB>3> ;5:A8O; ?>2B>@8BL 68B85 A2OB>3> 8<8B@8O >=A:>3>; @072820BL @5GL, <KH;5=85, ?0<OBL; 2>A?8BK20BL =@02AB25==K5 :0G5AB20, ?0B@8>B8G5A:85 GC2AB20. %>4 C@>:0 I. !>>1I5=85 F5;59 C@>:0 #G8B5;L, !53>4=O <K ?>3>2>@8< > <8B@>?>;8B5 >A:>2A:>< ;5:A88.  :>3> =07K20NB <8B@>?>;8B><? 5B8. -B> 3;02=K9 A2OI5==>A;C68B5;L (5?8A:>?) 2 3>@>45 8;8 AB@0=5. #.  :0: =07K20NB A2OBKE, :>B>@K5 1K;8 5?8A:>?0<8 8 C3>48;8 >3C A2>59 ?@0254=>9 687=LN? ' . !2OB8B5;8. #. B0:, =0 A53>4=OH=5< C@>:5 <K ?>3>2>@8< > A2OB8B5;5 ;5:A88, <8B@>?>;8B5 >A:>2A:><. II. 7CG5=85 =>2>3> <0B5@80;0 #. >48;AO A2OB8B5;L ;5:A89 2 >A:25, 2 1>O@A:>9 A5<L5,  45BAB25 53> 720;8 ;52D5@85<.  ?>G5<C A2OB>9 ?><5=O; 8<O? . = 1K; <>=0E><, 0 :>340 G5;>25: AB0=>28BAO <>=0E><, B> <5=O5B A2>5 8<O, B0: :0: <5=O5BAO 2AO 53> 687=L. #.  45BAB25 A2OB>3> @0AA:07K205B ?8A0B5;L >A5;O=8= 2 :=835 !2OB0O N=>ABL; > 2A5E 83@0E ?5@2K< 70B59=8:>< 1K; <>;>4>9 E>7O8=, ?@8=8<02H89 A2>8E 3>AB59, 1>O@8= ;52D5@89, AB@>9=K9 B@8=04F0B8;5B=89 <0;LG8:, ;53:89, CE20B8ABK9, 1KAB@K9 8 @5H8B5;L=K9. ! @073>@52H8<8AO I5:0<8 8 682K<8 1>9:8<8 3;070<8, >= B> 8 45;> 4020; ?@8:070=8O B>20@8I0< 8 >1JOA=O; 8< 83@K. - C45B MB> C =0A ?@8<5@=>, -- 3>2>@8; >=, - ;048<8@, 8 2>B <K, @CAA:85, 1C45< 2 =5< >BA86820BLAO, 0 2K 1C45B5 B0B0@K. ;52D5@89 A> A2>8<8 @CAA:8<8 1KAB@> A45;0; :@C3;K9 20;8: 87 A=530 8 CB>?B0; ?@>AB@0=AB2> 2=CB@8, ?@8G5< 8< CA5@4=> ?><>30;8 1C4CI85 2@038 B0B0@K, ?>B>< ;52D5@89 !2OB8B5;L ;5:A89, <8B@>?>;8B >A:>2A:89 107 70A5; 2 3>@>45, :>B>@K9 4@C30O :CG:0 B>20@8I59 AB0;0 1@0BL ?@8ABC?><. 0: 2K 4C<05B5, AC4O ?> 83@5, :5< E>B5; AB0BL A2OB>9 2 45BAB25? . >8=><. #. @028;L=>, ;52D5@89 E>B5; A@078BLAO A B0B0@0<8, :>B>@K5 2 B> 2@5<O 70E20B8;8 CAL, 8 ?@>3=0BL 8E A =0H59 75<;8. >48B5;8 65 <0;LG8:0 E>B5;8 CAB@>8BL 53> =0 A;C61C ?@8 F0@A:>< 42>@5. > >A?>4L AC48; 8=0G5... 4=064K ;52D5@89 ?>H5; 2 ;5A ;>28BL ?5@5?5;>2. B . 4>;3>9 E>4L1K >= CAB0; 8 =5 70<5B8;, :0: 704@5<0;; 8 2> A=5 5<C 24@C3 OA=> ?@>72CG0; 3;0A: ;5:A89, GB> BK =0?@0A=> B@C48HLAO? / A45;0N B51O ;>2F>< ;N459. @>A=C;AO <0;LG8:, => 2>:@C3 A51O =8:>3> =5 C2845;, 0 B08=AB25==K9 3>;>A 2A5 72CG0; 2 =5<... ! MB8E ?>@ 2AO 687=L ;52D5@8O 87<5=8;0AL. >65AB25==K9 ?@87K2 >AB0;AO 2 53> 4CH5 =02A5340. = AB0; 704C<G82K<, <>;G0;82K<, @07;N18; 83@K. '0AB> A2OB>9 CE>48; 2 ;5A 8 B0< <>;8;AO. <C 1K;> 15 ;5B, :>340 >= >:>=G0B5;L=> @5H8; AB0BL <>=0E><.  2>7@0AB5 20 ;5B >= 1K; ?>AB@865= 2 <>=0H5AB2> 2 <>A:>2A:>< >3>O2;5=A:>< <>=0ABK@5 8 ?>;CG8; 8<O ;5:A89, :>B>@K< 1K; =0720= 2 B08=AB25==>< 2845=88. !2OB>9 >AB0;AO 2 <>A:>2A:>< <>=0ABK@5, GB>1K C3>48BL @>48B5;O<: >B?CAB8BL 53> 2 40;L=85 <>=0ABK@8 1K;> 1K 8< A;8H:>< BO65;>.  2AN A2>N 687=L A2OB8B5;L ;5:A89 ?@>25; 2 >A:25, 345 A> 2@5<5=5< AB0; <8B@>?>;8B>< >A:>2A:8< 8 2A5O CA8. !2OB8B5;L ;5:A89 1K; 8725AB5= =5 B>;L:> =0 CA8, => 8 70 55 ?@545;0<8. 4=064K : <>A:>2A:><C :=O7N >1@0B8;AO B0B0@A:89 E0= 60=815: A ?@>AL1>9 ?@8A;0BL 5<C A2OB>3> ;5:A8O, GB>1K >= ?><>3 53> 65=5, >A;5?H59 B@8 3>40 =0704.  5A;8 =5 ?@8H;5B :=O7L A2OB>3>, B> 3@>78; E0= CA8 2>9=>9 8 @07>@5=85<. !2OB>9 ;5:A89 >G5=L >3>@G8;AO, C7=02 >1 MB><, B0: :0: A><=520;AO, GB> A<>65B ?><>GL E0=A:>9 65=5. > ?> ?@>AL15 25;8:>3> :=O7O >= 2A5-B0:8 ?>5E0; : E0=C. 5@54 >BJ574>< A2OB8B5;L <>;8;AO 2 #A?5=A:>< A>1>@5 C 3@>10 A2OB>3> <8B@>?>;8B0 5B@0, 8 2> 2@5<O <>;8B2K A0<0 A>1>9 703>@5;0AL A25G0. K;> MB> 4>1@K< 7=0<5=85<. B?@028;AO A2OB8- 108 !"+ #  B5;L ;5:A89 : E0=C 60=815:C 8 8AF5;8; 53> 65=C. %0= A 25;8:>9 G5ABLN 8 I54@K<8 40@0<8 ?@>2>48; A2OB>3> ;5:A8O 8 53> A?CB=8:>2 =0 @>48=C. > G5@57 =5:>B>@>5 2@5<O <8B@>?>;8BC ;5:A8N ?@8H;>AL A=>20 84B8 2 @4C. >A;5 A<5@B8 60=815:0 2;0ABL 70E20B8; 53> AK=. 65AB>:89 8 :@>2>604=K9. = 3>B>28;AO 84B8 A 2>9A:>< =0 CAL.  B>340 ?> ?@>AL15 25;8:>3> :=O7O >A:>2A:>3> A=>20 >B?@028;AO 2 @4C <8B@>?>;8B ;5:A89 8 :@>B:>9 8 <C4@>9 15A54>9 C:@>B8; E0=A:CN O@>ABL. A?><=8B5, :5< E>B5; AB0BL A2OB>9 2 45BAB25. . >8=><. = E>B5; ?@>3=0BL 2@03>2 A =0H59 75<;8. #. !2OB8B5;L ;5:A89 =5 AB0; 2>8=><, => >= 2>A?8B0; B0:>3> 2>8=0, :0: :=O7L 8<8B@89 >=A:>9. A?><=8B5, GB> <K > =5< 7=05<. . =O7L 8<8B@89 >=A:>9 ?>;CG8; 2;0ABL 2 452OB8;5B=5< 2>7@0AB5. 0 ?@>BO65=88 2A59 687=8 5<C ?@8E>48;>AL 25AB8 =5?@5:@0I0NI85AO 2>9=K A <=>3>G8A;5==K<8 2@030<8. ;02=K< A@065=85< A2OB>3> 8<8B@8O AB0;0 C;8:>2A:0O 18B20, 2 :>B>@>9 @CAA:85 2>9A:0 >45@60;8 ?>154C =04 B0B0@0<8. #. !2OB8B5;L ;5:A89 70<5=8; :=O7N 8<8B@8N >BF0. 8B@>?>;8B 2>73;028; 1>O@A:CN 4C<C 8 AB0; A;548BL 70 E>4>< ?>;8B8G5A:8E 45; =0 CA8. > 701>B0 > 1;035 B5G5AB20 =5 70A;>=8;0 4;O A2OB>3> 3;02=>3> 53> 45;0 - 701>BC > @02>A;02=>9 &5@:28. @8 687=8 <8B@>?>;8B0 ;5:A8O 2 >A:25 1K;> ?>AB@>5=> 420 <>=0ABK@O 8 =5A:>;L:> E@0<>2. !2OB8B5;L =5CAB0==> =0AB02;O; A2>N ?0AB2C 8 O2;O; 59 ?@8<5@ A2OB>9 687=8 2> %@8AB5. #<5@ A2OB8B5;L 2 2>7@0AB5 85 ;5B. !?CABO <=>3> ;5B <>I8 53> 1K;8 >1@5B5=K =5B;5==K<8. !59G0A >=8 =0E>4OBAO 2 >3>O2;5=A:>< 1 ;>E>2A:>< A>1>@5 2 >A:25. III. 0:@5?;5=85 <0B5@80;0 #. !59G0A O 703040N 20< 70304:8 > 4>1@>45B5;OE, 0 2K, ?>A;5 B>3> :0: >B30405B5 8E, ?@82548B5 ?@8<5@ MB>9 4>1@>45B5;8 87 687=8 A2OB>3> ;5:A8O. 'B>1 =5 ?;020BL 157 25B@8;, 'B>1 <0O: ?@54 20<8 1K;, A?>;=O;0AL 687=8 <5@0, 0< =C6=0 ;8HL =0H0... !2OB8B5;L ;5:A89, <8B@>?>;8B >A:>2A:89 109 . 5@0. - !2OB8B5;L ;5:A89 25@8; 2 >30 8 =045O;AO =0 3> ?><>IL, :>340 5748; 2 @4C, 8 >3 ?><>3 5<C. #. # :>3> >=0 2 4>AB0B:5, ! B5< 4@C68BL ;53:> 8 3;04:>. ;O 4CH8 ?@8>1@5BC / C >30... . >1@>BC. -  B><, GB> A2OB8B5;L ;5:A89 1K; 4>1@K<, 3>2>@8B 53> >B=>H5=85 : :=O7N 8<8B@8N. #. >@4>ABL H8H:8 =018205B,  >=0 8 154 =5 7=05B, >@4>ABL AB>=5B 8 1>;8B, !;>2=> 4@OE;K9 8=20;84, 5 >=0 2A5<C >?;>B 5ABL - 5@54 >3>< F5==0... . @>B>ABL. - !2>59 :@>B>ABLN <8B@>?>;8B ;5:A89 C1548; E0=0 =5 84B8 A 2>9A:>< =0 CAL. #. !5@4F5 <8;C5B A;5?KE, !;01KE, =8I8E 8 1>;L=KE,  74>@>2KE ?>60;55B: AO:89 254L 4CH>9 1>;55B! B> 2 AB0@0=88 CA5@4=K9, ">B 7>25BAO... . 8;>A5@4=K9. - !2OB8B5;L ;5:A89 87 <8;>A5@48O 2K;5G8; 65=C E0=0, E>BO >=0 8 =5 1K;0 E@8AB80=:>9. #. 0:85 5I5 4>1@>45B5;8 1K;8 C A2OB8B5;O ;5:A8O? . >A;CH0=85. 7 ?>A;CH0=8O >= ?>H5; 2 @4C. - N1>2L : @>48B5;O<. 048 =8E >= >AB0;AO 2 >A:25 ?>A;5 ?>AB@830. IV. >42545=85 8B>3>2 #.  G5< <K 3>2>@8;8 =0 C@>:5? 'B> =>2>3> 2K C7=0;8? 'B> 20< 70?><=8;>AL? .. ;N520 110 !"+ #  "5<0. 5;8:89 ?>AB &5;8 C@>:0. !>>1I8BL > A<KA;5 5;8:>3> ?>AB0, > =545;OE 5;8:>3> ?>AB0; @072820BL @5GL, ?0<OBL; 4CE>2=>-=@02AB25==>5 2>A?8B0=85. %>4 C@>:0 I. !>>1I5=85 B5<K C@>:0 #G8B5;L. !53>4=O <K ?>3>2>@8< A 20<8 > 5;8:>< ?>AB5.  :0:><C ?@074=8:C =0A 3>B>28B MB>B ?>AB? 5B8.  ?@074=8:C >A:@5A5=8O %@8AB>20 ~ 0AE5. #. 'B> B0:>5 ?>AB? . -B> 2@5<O, :>340 <K 3>B>28<AO : 2AB@5G5 ?@074=8:0. > 2@5<O ?>AB0 ;N48 AB0@0NBAO >G8AB8BLAO >B 3@5E>2, 87<5=8BL A2>N 687=L. #. 0: <K ?>AB8<AO? . K AB0@05<AO >B:070BLAO >B C4>2>;LAB289: =5 548< 2:CA=>9 ?8I8, =5 A<>B@8< B5;5287>@, =5 E>48< 2 B50B@. I5 <K AB0@05<AO 1>;LH5 <>;8BLAO, ?><>30BL 4@C38<: ;N4O<, 45;0BL 4>1@K5 45;0. #. K A:070;8, GB> 2> 2@5<O ?>AB0 <K AB0@05<AO >G8AB8BLAO >B 3@5E>2.  :0:>5 F5@:>2=>5 B08=AB2> ?><>305B, =0< 2 0B><? . "08=AB2> >:0O=8O. II. >2B>@5=85 #. 5;8:89 ?>AB CAB0=>2;5= 2 =0?><8=0=85 =0< > A>@>:04=52=>< ?>AB5 !?0A8B5;O 2 ?CABK=5. A?><=8B5, GB> 2K 7=05B5 1 MB><. . >A;5 @5I5=8O 8ACA %@8AB>A >B?@028;AO 2 ?CABK=N, GB>1K ?@83>B>28BLAO B0< : !2>5<C A;C65=8N,  MB> 2@5<O : 5<C ?@8ABC?8; 4LO2>;, >= E>B5;, GB>1K 8ACA %@8AB>A >B:070;AO >B A;C65=8O >3C. LO2>; ?KB0;AO 8A:CA8BL 8ACA0 %@8AB0 8 ?@54;030; <C 75<=>5 1;03>?>;CG85, <>3CI5AB2> 8 A;02C. 4=0:> !?0A8B5;L =5 ?>440;AO 4LO2>;LA:8< 8A:CH5=8O<. #. 0 4>A:5 =0?8A0=K ?@54;>65=8O, 2AB02LB5 2 =8E ?@>?CI5==K5 A;>20. 5;8:89 ?>AB 111 1. 8ACA %@8AB>A ?@>1K; 2 ?CABK=5... 4=59. {!>@>:.) 2. >340 8ACA %@8AB>A 1K; 2 ?CABK=5. = <>;8;AO 8... [>AB8;AO.) 3. 8ACA %@8AB>A A:070; A0B0=5, GB> = 1C45B... B>;L:> >3C. (>:;>=OBLAO.) 4. >A;5 B>3> :0: ?@>H;> 2@5<O 8A?KB0=8O, 8ACA %@8AB>A 1K; 3>B>2... >3C 8 ;N4O<. (!;C68BL.) !;>20 4;O A?@02>:: ?>:;>=OBLAO, ?>AB8BLAO, A;C68BL, A>@>:0. -  B5?5@L 2AB02LB5 MB8 65 A;>20 2 4@C385 ?@54;>65=8O. @54;>65=8O 70?8A0=K =0 ?@02>9 AB>@>=5 4>A:8, =0?@>B82 ?5@2KE. 1. 5;8:89 ?>AB ?@>4>;605BAO... 4=59. (!>@>:.) 2.  :>=F5 5;8:>3> ?>AB0 <K <>65< >3;O=CBLAO =0704 8 A:070BL, GB> <K <>;8;8AL 8... A CA5@485<. (>AB8;8AL.) 3. &5@:>2L G0AB> ?@87K205B =0A: 2@8848B5 8... >3C =0 ?@>BO65=88 2A53> 5;8:>3> ?>AB0, (> :;>=8B5AL.) 4. >340 <K ?>-=0AB>OI5<C AB0@05<AO A>1;N40BL 5;8:89 ?>AB, <K AB0=>28<AO ;CGH5 8 3>B>2K... >3C 8 ;N4O<. (!;C68BL.) - 8ACA %@8AB>A 3>B>28;AO : !2>5<C A;C65=8N, 8 =0< =C6=> 3>B>28BLAO A;C68BL >3C. III. !>>1I5=85 =>2>3> <0B5@80;0 #. 5;8:89 ?>AB ?@5420@ONB B@8 ?>43>B>28B5;L=KE =545;8:  <KB0@5 8 D0@8A552,  1;C4=>< AK=5,  !B@0H=>< !C45. A?><=8B5 ?@8BGC > <KB0@5 8 D0@8A55. B> B0:85 D0@8A58? . -B> ;N48, :>B>@K5 AB@>3> A>1;N40;8 5BE>7025B=K9 70:>= 8 >AC640;8 2A5E, :B> =5 8A?>;=O5B 70:>=. #. 'B> 2K 7=05B5 > <KB0@OE? . KB0@8 ~ MB> A1>@I8:8 =0;>3>2, >=8 G0AB> >1<0=K20;8 ;N459, ?>MB><C ;N48 =5@54:> >B=>A8;8AL : =8< A =5?@8O7=LN. #.  G5< 65 @0AA:070; !?0A8B5;L 2 ?@8BG5? .  B><, :0: <KB0@L 8 D0@8A59 ?@8H;8 <>;8BLAO.2 E@0<. #. 0: <>;8;AO D0@8A59? !"+ #  112 . = 3>2>@8;: >65! 1;03>40@N "51O, GB> O =5 B0:>2, :0: ?@>G85 ;N48, 3@018B5;8, >184G8:8, ?@5;N1>458 8;8 :0: MB>B <KB0@L. >ICAL 420 @070 2 =545;N, 40N 45AOBCN G0ABL 87 2A53>, GB> ?@8>1@5B0N. #.  :0: <>;8;AO <KB0@L? . >65, 1C48 <8;>AB82 :> <=5 3@5H=8:C. #. '5<C CG8B =0A MB0 ?@8BG0? . 0AA:0702 MBC ?@8BGC. !?0A8B5;L A:070;: AO:89 2>72KH0NI89 A0< A51O C=865= 1C45B, 0 C=860NI89 A51O 2>72KA8BAO 8 C4>AB>8BAO 2KA>:>3> <5AB0 2 &0@AB288 515A=><. #. >G5<C <K 2A?><8=05< MBC ?@8BGC ?5@54 5;8:8< ?>AB><? . K 4>;6=K 1@0BL ?@8<5@ A <KB0@O 8 2> 2@5<O ?>AB0 B0:65 :0OBLAO 8 ?@>A8BL ?@>I5=8O, :0: >=. #. A?><=8B5 ?@8BGC > 1;C4=>< AK=5 8 ?@83>B>2LB5AL >B25G0BL =0 2>?@>AK. B> @0745;8; A2>5 8<CI5AB2>? . B5F @0745;8; 8<CI5AB2> <564C 42C<O AK=>2LO<8. #. 'B> 45;0; <;04H89 AK= 2 40;5:>9 AB@0=5? . = B@0B8; A2>8 45=L38 =0 ?8@K, 1>30BCN >4564C. #. >G5<C <;04H89 AK= 3>;>40;? . >B><C GB> >= @0AB@0B8; 2A5 A2>8 45=L38. #. 'B> @5H8; A45;0BL <;04H89 AK= ?>A;5 B>3>, :0: C =53> :>=G8;8AL 45=L38? . = =0=O;AO 2 A28=>?0AK. #. 'B> @5H8; A:070BL <;04H89 AK= >BFC? . = @5H8; 25@=CBLAO 8 A:070BL: BG5, O A>3@5H8; ?@>B82 =510 8 ?5@54 B>1>N 8 C65 =54>AB>8= =07K20BLAO AK=>< B2>8<. @8<8 <5=O 2 G8A;> =05<=8:>2 B2>8E. #. 'B> A45;0; >B5F, :>340 <;04H89 AK= ?@8H5; 4><>9? . = >1@04>20;AO 8 CAB@>8; ?8@. #. >G5<C AB0@H89 1@0B >B:070;AO ?@8=OBL CG0AB85 2 ?@074=8:5 8 B>@65AB25? . = >1845;AO 87-70 B>3>, GB> 4;O =53> >B5F =8:>340 =5 CAB@0820; ?8@0, E>BO AB0@H89 AK= =5 ?>:840; >BF0. #. 'B> A:070; 5<C >B5F? . !K= <>9, BK-B> C6 2A5340 A> <=>N, 8 2A5 <>5 B2>5.  B>< =04>1=> @04>20BLAO 8 25A5;8BLAO, GB> 1@0B B2>9 1K; <5@B2 8 >68;, ?@>?040; 8 =0H5;AO. #, 'B> ?@>87>945B A =0<8, 5A;8 <K >B 2A59 4CH8 ?>?@>A8< >30, BF0 =0H53>, ?@>AB8BL =0A? . = =0A ?@>AB8B. 5;8:89 ?>AB 113 . #, >G5<C <K 2A?><8=05< MBC ?@8BGC ?5@54 ?>AB><? . K CG8<AO C <;04H53> AK=0 ?@>A8BL ?@>I5=8O C >30 8 C ;N459 70 A2>8 ?@>ABC?:8. #. A?><=8B5 ?@8BGC > !B@0H=>< !C45. . >340 >A?>4L ?@845B AC48BL ;N459, B> = @0745;OB 8E =0 425 G0AB8, >4=8E = ?>AB028B A?@020, 0 4@C38E A;520.  A:065B >3 AB>OI8< A?@020: K ?>945B5 2 &0@AB2> >685. >340 / 1K; 3>;>45=, 2K =0:>@<8;8 5=O, :>340 / E>B5; ?8BL, 2K =0?>8;8 5=O. / 1K; AB@0==8:><, 2K ?@8=O;8 5=O 2 A2>9 4><, 1K; @0745B, 2K >45;8 5=O, 1>;5= 1K;, 0 2K =025AB8;8 5=O,  B5<=8F5 - 2K ?@8H;8 :> =5.  ;N48, AB>OI85 A?@020, A?@>AOB; >340 <K 2845;8 "51O 8 ?><>3;8 "5>5?9 >3 >B25B8B 8<: >340 2 20H59 687=8 2K 45;0;8 MB> >4=><C 87 ;N459, 2K 45;0;8 MB> =5.  ?@0254=8:8 ?>94CB 2 687=L 25G=CN, 0 3@5H=8:8, AB>OI85 A;520, =5 45;02H85 4>1@0 1;86=8<, ?>94CB =0 AB@040=8O, 2 25G=K9 >3>=L. #. >G5<C <K 2A?><8=05< MBC ?@8BGC ?5@54 ?>AB><? . =0 =0?><8=05B =0<, GB> 2> 2@5<O ?>AB0 <K 4>;6=K 45;0BL 45;0 <8;>A5@48O. #, 0?@8<5@? . >4020BL <8;>ABK=N, =025I0BL 1>;L=KE, ?><>30BL ;N4O< 2 8E 45;0E. #. >A;54=55 2>A:@5A5=L5 ?5@54 5;8:8< ?>AB>< =07K205BAO @>I5=K< 2>A:@5A5=L5<. >G5<C? .  MB>B 45=L 2A5 25@CNI85 ;N48 ?@>AOB ?@>I5=8O 4@C3 C 4@C30. #. K 4>;6=K =0G0BL 5;8:89 ?>AB A =570<CB=5==>9 A>25ABLN. B=>H5=8O A :064K< G5;>25:>< 4>;6=K :0: 1K =0G0BLAO 70=>2>, 2>7@>48BLAO, ;8H8BLAO 7028AB8, =5?@8O7=8, =54>1@>65;0B5;LAB20. K =5 4>;6=K 45@60BL =0 4CH5 7;0 =8 =0 :>3>. 064>5 2>A:@5A5=L5 5;8:>3> ?>AB0 B>65 8<55B A2>5 =0720=85. 5@2>5 2>A:@5A5=L5 - ">@65AB2> @02>A;028O.  MB>B 45=L 2A?><8=05BAO, :0: 70:>=G8;>AL 3>=5=85 =0 A2OBK5 8:>=K. 5:>B>@K5 ;N48 =5 ?@87=020;8 8:>=K 8 @5H8;8 C=8GB>68BL 8E, 4@C385 ;N48 70I8I0;8 8:>=K. !>720;8 &5@:>2=K9 !>1>@ 8 =0 =5< CAB0=>28;8, GB> ?@02>A;02=K5 ;N48 ?>:;>=ONBAO =5 4>A:0<, 0 B5<, :B> 87>1@065= =0 8:>=5. > 2B>@>5 2>A:@5A5=L5 5;8:>3> ?>AB0 &5@:>2L 2A?><8=05B A2OB>3> @83>@8O 0;0<C. = 1K; 7=0<5=8BK< 1>3>A;>2><, 5?8A:>?>< &5@:28 8 >G5=L >1@07>20==K< 8 4CE>2=K< G5;>25:><. @83>@89 2K@>A ?@8 42>@5 8<?5@0B>@0, 345 A;C68; 53> 114 !"+ C@>:>2 >B5F. = ?>;CG8; E>@>H55 >1@07>20=85 8 <>3 1K ?>ABC?8BL =0 A;C61C : 8<?5@0B>@C, => 53> 2;5:;> : 4CE>2=>9 687=8, 8 ?>MB><C >= AB0; <>=0E><. "@5BL5 2>A:@5A5=L5 8 A;54CNICN 70 =8< =545;N =07K20NB @5AB>?>:;>==K<8, ?>B><C GB> 2 MBC =545;N 25@CNI85 ?>:;>=ONBAO @5ABC. &5@:>2L =0?><8=05B > AB@040=8OE 8 :@5AB=>9 A<5@B8 !?0A8B5;O 8 C:@5?;O5B ?>ABOI8EAO : ?@>4>;65=8N ?>AB0.  G5B25@B>5 2>A:@5A5=L5 ?>AB0 <K 2A?><8=05< A2OB>3> >0==0 5AB28G=8:0. = ?>;CG8; B0:>5 ?@>720=85 70 A2>N :=83C 5AB28F0 (;5AB=8F0).  MB>9 :=835 3>2>@8BAO > B><, :0: A;54C5B 68BL, GB>1K C3>48BL >3C. !2OB>9 >0== ?8H5B, GB> :064K9 H03 2 ?@028;L=>< =0?@02;5=88 ?>4>15= 2>AE>645=8N =0 >4=C ABC?5=L ?> ;5AB=8F5, 2>B ?>G5<C :=830 B0: =0720=0.  ?OB>5 2>A:@5A5=L5 ?>AB0 ?@074=C5BAO ?0<OBL A2OB>9 0@88 38?5BA:>9.  <>;>4>AB8 >=0 A>25@H8;0 <=>3> 3@5E>2. 4=064K >=0 C2845;0 <=>65AB2> ;N459, :>B>@K5 :C40-B> H;8. 0@88 AB0;> ;N1>?KB=>, 8 >=0 ?>H;0 70 =8<8. "0: >=8 ?>4>H;8 : 1>;LH><C E@0<C, 8 ;N48 AB0;8 2E>48BL 2 =53>. 0@8O B>65 @5H8;0 709B8 BC40, => 5420 >=0 70=5A;0 =>3C, GB>1K ?5@5ABC?8BL ?>@>3, :0: ?>GC2AB2>20;0, GB> =52848<0O A8;0 ?@53@048;0 59 ?CBL. 0@8O ?>=O;0, GB> MB> 55 3@5E8 =5 40NB 59 ?@>=8:=CBL 2 E@0<, B>340 >=0 ?0;0 ?5@54 8:>=>9 >3>@>48FK 8 AB0;0 :0OBLAO 2 A2>8E 3@5E0E. >A;5 MB>3> 0@8O CH;0 2 ?CABK=N 8 AB0;0 B0< 2K<0;820BL C >30 ?@>I5=85 70 A2>8 3@5E8, ">;L:> ?>A;5 A>@>:0 A5<8 ;5B ?@51K20=8O 2 ?CABK=5 >=0 >1@5;0 <8@ 8 1;87>ABL : >3C, =5?@5AB0==> <>;OAL, ?>ABOAL 8 :0OAL. (5AB>5 2>A:@5A5=L5 5;8:>3> ?>AB0 - 5@1=>5, > =5< <K ?>3>2>@8< >B45;L=>. IV. 0:@5?;5=85 <0B5@80;0 #.  B5B@04OE =0@8AC9B5 ;5AB=8FC 5;8:>3> ?>AB0. #G8B5;L =0 4>A:5, 0 CG5=8:8 2 B5B@04OE @8ACNB ;5AB=8FC 5;8:>3> ?>AB0 8 ?>4?8AK20NB =0 =59 ?>43>B>28B5;L=K5 =545;8 8 =545;8 ?>AB0, 2A?><8=0O, G5<C >=8 ?>A2OI5=K, V. >42545=85 8B>3>2 #.  G5< <K A53>4=O 3>2>@8;8? 'B> 20< 70?><=8;>AL? .. ;N520 !2OB>9 1;03>25@=K9 :=O7L 0=88; >A:>2A:89 115 "5<0. !2OB>9 1;03>25@=K9 :=O7L 0=88; >A:>2A:89 &5;8 C@>:0. 1>1I8BL 7=0=8O > A2OB>< 1;03>25@=>< :=O75 0=88;5; ?>7=0:><8BL ! 8AB>@859 <>A:>2A:>3> 0=8;>20 <>=0ABK@O; AD>@<8@>20BL C<5=85 @01>B0BL A0<>AB>OB5;L=>. %>4 C@>:0 I. !>>1I5=85 B5<K C@>:0 #G8B5;L. !53>4=O <K A 20<8 ?>3>2>@8< > 0=88;5 >A:>2A:><. 'B> 2K 7=05B5 > =5<? 5B8. 0=88; >A:>2A:89 - AK= A2OB>3> ;5:A0=4@0 52A:>3>, 1K; :=O75< <>A:>2A:8< 2 XIII 25:5, 4>;>68; =0G0;> @>ABC >A:>2A:>3> :=O65AB20. #. @02>A;02=0O &5@:>2L =07K205B 0=88;0 >A:>2A:>3> A2OBK< 1;03>25@=K< :=O75<. 0: 2K 4C<05B5, ?>G5<C? B> B0:85 A2OBK5? . -B> ;N48, :>B>@K5 C3>48;8 >3C A2>59 ?@0254=>9 687=LN. #. 0:8< 2K ?@54AB02;O5B5 A515 A2OB>3> G5;>25:0? . = 4>;65= ;N18BL >30, <>;8BLAO <C; ;N18BL 4@C38E ;N459, ?><>30BL 8<. #.  :>=F5 C@>:0 ?>AB0@09B5AL >B25B8BL =0 2>?@>A: ?>G5<C @02>A;02=0O &5@:>2L ?@>A;028;0 :=O7O 0=88;0 >A:>2A:>3> :0: A2OB>3>? 0: 5I5 =07K205B &5@:>2L A2OB>3> 0=88;0? . ;03>25@=K9. #, 0: 2K ?>=8<05B5 MB> A;>2>? . ;03>25@=K9 - B>B. :B> 8A?>254C5B 1;03CN, ?@028;L=CN, 8AB8==CN 25@C. #. 0:0O 25@0 745AL 8<55BAO 2 284C? . @02>A;02=0O. II. >2B>@5=85 #. >4K 687=8 A2OB>3> :=O7O 0=88;0- 1261-1301. A?><=8<, GB> MB> 1K;> 70 2@5<O. .  MB> 2@5<O CAL =0E>48;0AL ?>4 2;0ABLN <>=3>;>-B0B0@- A:>3> 830. #. 0:85 >B=>H5=8O CAB0=>28;8AL <564C B0B0@0<8 8 @CAA:8<8 :=O7LO<8? 116 !"+ #  . =O7LO ?>;CG0;8 >B E0=0 O@;K:8 =0 :=O65=85, 8 70B5< E0= =5 2<5H820;AO 2> 2=CB@5==55 C?@02;5=85 CAA:>9 75<;59, 4>2>;LAB2COAL 40=LN, :>B>@CN A>18@0;8 10A:0:8. #. 0: B0:>9 ?>@O4>: ?>2;8O; =0 @0745;5=85 CA8? . %0= <>3 ?@>872>;L=> @0A?>@O60BLAO CAA:>9 75<;59, ?>MB><C ;N1>9 :=O7L, C3>482 E0=C, <>3 ?>;CG8BL ;N1>9 C45; 8 7=0G8B5;L=CN 2;0ABL, 0 B0:65 B0B0@A:>5 2>9A:> 4;O CA<8@5=8O ?@>B82=8:>2. III. 7CG5=85 =>2>3> <0B5@80;0 #. >B 2 B0:>5 =5;53:>5 2@5<O 8 @>48;AO A2OB>9 0=88; >A:>2A:89. = 1K; G5B25@BK< AK=>< A2OB>3> 1;03>25@=>3> :=O7O ;5:A0=4@0 52A:>3> 8 53> AC?@C38 :=O38=8 0AAK. !2OB>9 0=88; >48= 87 A2>8E 1@0BL52 CA2>8; 1;03>G5AB85 >BF0, 8 70 MB>, :0: 3>2>@8BAO 2 ;5B>?8A8. >3 2>7;N18; 8 871@0; 53>.  42CE;5B=5< 2>7@0AB5 A2OB>9 0=88; >AB0;AO A8@>B>9. 3> 1@0BLO AB0;8 45;8BL >BF>2A:>5 =0A;54AB2> 8 40;8 <0;>;5B=5<C 0=88;C A0<>5 <0;5=L:>5 8 154=>5 :=O65AB2> - >A:>2A:>5. K ?><=8B5, :0: BO65;> 1K;> :=O68BL =0 CA8 B>340, 0 B5< 1>;55 <0;5=L:><C <0;LG8:C, => 2 B> A0<>5 2@5<O, :>340 8 C 27@>A;KE, A8;L=KE :=O759 4@C385 :=O7LO >B=8<0;8 C45;K, =8:B> =5 =0?040; =0 >A:2C. K 7=05B5, GB> 2A:>@5 >A:20 2>72KA8;0AL 8 >:@5?;0. 0: C40;>AL A2OB><C 0=88;C C25;8G8BL A2>8 75<;8? A?><=8B5, :0: ?>ABC?0;8 4@C385 :=O7LO. . =8 H;8 70 ?><>ILN : E0=C, 8 >= 4020; 8< 2>9A:>. #. "0: ?>ABC?0;8 8 1@0BLO A2OB>3> 0=88;0, => A0< >= 1K; =5 B0:>9. !2OB>9 1;03>25@=K9 :=O7L =5 ;N18; AA>@ 8 2A5340 2KABC?0; <8@>B2>@F5<-  1288 3>4C >= A 1@0B>< =4@55< ?>H5; ?@>B82 4@C3>3> 1@0B0, 8<8B@8O, => ?@8 2AB@5G5 A2OB><C 0=88;C C40;>AL 70:;NG8BL <8@ 8 :@>2L =5 ?@>;8;0AL.  4@C3>9 @07 =4@59 E>B5; 702;045BL 5@5A;02;5<-0;5AA:8<, => A2OB>9 0=88; 2AB@5B8; 53>, 8 ?>A;5 ?5@53>2>@>2 >?OBL 1K; 70:;NG5= <8@. > =5 =04> 4C<0BL, GB> A2OB>9 :=O7L 0=88; 1K; A;01K< 8;8 1>O;AO A@060BLAO. 5B! 0 53> AG5BC 5ABL 8 @0B=K5 ?>42838.  1301 3>4C 1;03>25@=K9 :=O7L 0=88; >A:>2A:89, CA;KH02, GB> C O70=8 A>1@0;>AL <=>65AB2> B0B0@, ?>H5; BC40 A 2>9A:><, GB>1K 70I8B8BL 3>@>4. # 3>@>40 5@5A;02;O >= @07- !5OB>9 1;03>25@=K9 :=O7L 0=88; >A:>2A:89 117 1=; B0B0@ 8 27O; 2 ?;5= 8E A>N7=8:0 :=O7O O70=A:>3> >=AB0=B8=0. ;5==8:0 A2OB>9 :=O7L 0=88; ?@825; 2 >A:2C 8 >1@0I0;AO A =8< =5 65AB>:>, 0, =0>1>@>B, C3>I0; 53> 8 A>45@60; 2 ?>G5B5. 5A<>B@O =0 2A5 A2>8 4>1@K5 45;0, A2OB>9 0=88; 1K; >G5=L A:@><=K< G5;>25:><, ?>MB><C 2 ;5B>?8AOE > =5< A>E@0=8;>AL >G5=L <0;> A2545=89. AB>@8:8 4> A8E ?>@ A?>@OB ?> ?>2>4C B>G=>9 40BK 53> @>645=8O, ?>GB8 =8G53> =5 8725AB=> > 53> AC?@C35, <564C B5< MB0 65=I8=0 @>48;0 A2OB><C 0=88;C ?OB5@KE AK=>259, 2 B>< G8A;5 8 >0==0 0;8BC. ><=8B5, <K 3>2>@8;8, GB> 75<;8 :=O7O 0=88;0 C25;8G8;8AL, E>BO >= 8 =5 E>48; 2 702>520B5;L=K5 ?>E>4K?! 'B> 65 ?@>87>H;>? 5;> 2 B><, GB> 2 1302 3>4C A:>=G0;AO ?;5<O==8: A2OB>3> 0=88;0 :=O7L >0== 8<8B@8528G 5@5A;02A:89 8 7025I0; A2>5 :=O65AB2> <>A:>2A:><C :=O7N 0=88;C.  >1;0ABL 5@5A;02A:0O 1K;0 >4=>9 87 ?5@2KE ?> G8A;C 68B5;59 8 ?> :@5?>AB8 3;02=>3> 3>@>40. A:>@5 A2OB>9 :=O7L 0=88; >A:>2A:89 ?>GC2AB2>20; A51O ?;>E> 8 ?@8=O; <>=0H5A:CN AE8<C 2 0=8;>2>< <>=0ABK@5, 345 8 A:>=G0;AO 4 <0@B0 ?> AB0@><C AB8;N 1303 3>40. >A;5 A<5@B8 A2OB>3> :=O7O =0 53> <>38;5 ?@>87>H;> <=>3> GC45A. >B >4=0 87 8AB>@89. > 2@5<O F0@AB2>20=8O >0==0 0A8;L528G0 >48= :C?5F 87 >;><=K >B?@028;AO 2 >A:2C 8 A A>1>9 27O; A2>53> N=>3> AK=0.  ?CB8 N=>H0 A8;L=> 701>;5; 8, :>340 :C?5F ?>4?;K; : >A:25, =0E>48;AO C65 =0 ?>A;54=5< 874KE0=88. C?5F ?@8=5A 1>;L=>3> AK=0 :> 3@>1C :=O7O 0=88;0 8 AB0; <>;8BLAO >3C > A?0A5=88 A2>53> AK=0. >B>< >= ?>;>68; 1>;L=>3> =0 G5AB=>9 3@>1 A2OB>3>, 8 B>BG0A AK= 53> AB0; 74>@>2K<. .  1652 3>4C <>I8 A2OB>3> :=O7O 0=88;0 1K;8 ?5@5=5A5=K 2 E@0< !2OBKE >BF>2 A5<8 A5;5=A:8E !>1>@>2 0=8;>20 <>=0ABK@O. IV. !0<>AB>OB5;L=0O @01>B0 #. K 7=05B5, GB> A2OB>9 0=88; >A:>2A:89 >A=>20; !2OB>-0=8;>2 <>=0ABK@L 2 >A:25, 8 A59G0A B5, :B> 3>B>28;AO 4><0, @0AA:06CB > =5<. KE>4OB @51OB0, :>B>@K< 70@0=55 1K;> 40=> 7040=85 @0AA:070BL > <>=0ABK@5. 118 !"+ #  . / @0AA:06C > ?@5?>4>1=>< 0=88;5 !B>;?=8:5, 2 G5ABL :>B>@>3> 1K; =0720= <>=0ABK@L. # 53> @>48B5;59 4>;3> =5 1K;> 45B59, 8, :>340 >= @>48;AO, @>48B5;8 >15I0;8 ?>A2OB8BL @515=:0 >3C.  12 ;5B ?@5?>4>1=K9 0=88; >AB0;AO 157 @>48B5;59 8-CH5; 2 <>=0ABK@L. '5@57 =5:>B>@>5 2@5<O 1@0B8O 70E>B5;0 ?>AB028BL 53> 83C<5=><, => ?@5?>4>1=K9 0=88; =5 E>B5; MB>3> 8 CH5; 87 <>=0ABK@O. 52OBL ;5B >= 68; 2 701@>H5==>< O7KG5A:>< E@0<5, 345 A=0G0;0 1K;> <=>3> 45<>=>2, => A2OB>9 2A5E 8E 873=0; A2>59 <>;8B2>9. >A;5 MB>3> 5<C 1K;> 2845=85: O28;AO AB>;?, 0 =0 =5< ?@5?>4>1=K9 !8<5>=, :>B>@K9 A:070;: 0=88;, 2>948 AN40 :> <=5. 0=88; 27>H5; =0 2KA>:89 AB>;? 8 ?@>25; =0 =5< <=>3> ;5B 4> A0<>9 A<5@B8. - / @0AA:06C >1 8AB>@88 <>=0ABK@O 4> :BO1@LA:>9 @52>;NF88. 0=8;>2 <>=0ABK@L - ?5@2K9 ?> 2@5<5=8 >A=>20=8O <>=0ABK@L 2 >A:25. = 1K; >A=>20= =5 ?>74=55 1300 3>40.  1380 3>4C >0== 0;8B0 ?5@525; <>=0ABK@L 2 @5<;L.  2 1490 3>4C 25;8:89 :=O7L >0== 0A8;L528G ?5@5=5A <>=0ABK@L =0 3>@C @CB8FC, 345 >= AB0; =07K20BLAO >2>A?0AA:8<. !B0@K9 0=8;>2 <>=0ABK@L ?@51K20; 2 70?CAB5=88 4> 1560 3>40, :>340 1K; 2>7>1=>2;5= >0==>< @>7=K<. > @52>;NF88 2 <>=0ABK@5 1K;0 1>3045;L=O 4;O ?@5AB0@5;KE 65=I8=. 0 <>=0ABK@A:>< :;0418I5 1K;8 ?>3@515=K >3>;L, ?>MB /7K:>2, <C7K:0=B C18=HB59=, EC4>6=8: 5@>2. - >A;5 @52>;NF88 0=8;>2A:89 <>=0ABK@L 1K; 70:@KB : ?>A;54=8< 87 >18B5;59 2A59 AB@0=K - 2 1930 3>4C. > 4> MB>3> 87 <>=0ABK@O 1K;8 87JOBK F5==>AB8, 0 B0:65 2 F5@:28 !8<5>=0 !B>;?=8:0 ?>A5;8;8 68;LF>2. >A;5 70:@KB8O <>=0ABK@O 2 =5< @07<5AB8;AO 87>;OB>@ 4;O 45B59 @5?@5AA8@>20==KE.  1951 3>4C 1K;> A=5A5=> :;0418I5. 5AB02@0F8O =0G0;0AL 2 70-E 3>40E A E@0<0 !2OBKE >BF>2 A5<8 A5;5=A:8E !>1>@>2.  =>O1@5 1982 3>40 B>340H=89 3;020 !>25BA:>3> 3>AC40@AB20 . . @56=52 ?>4?8A0; C:07 > 2>72@0I5=88 0B@80@E88 >=A:>3> <>=0ABK@O 4;O CAB@>9AB20 2 =5< >D8F80;L=>9 @57845=F88, => 2<5AB> >=A:>3> <>=0ABK@O CAA:>9 &5@:28 1K; ?5@540= 0=8;>2. 12 A5=BO1@O 1983 3>40 0=8;>2 <>=0ABK@L 1K; >A2OI5=. 5AB02@0F8O <>=0ABK@O 1K;0 2 >A=>2=>< 70:>=G5=0 : 1000-;5B8N @5I5=8O CA8.  =0H5 2@5<O ?>AB@>5=K @57845=F8O 0B@80@E0 >A:>2A:>3> 8 2A5O CA8 8 3>AB8=8G=K9 :><?;5:A. - / @0AA:06C, :0: 2K3;O48B A59G0A 0=8;>2 <>=0ABK@L. !=0@C68 <>=0ABK@L >:@C605B AB5=0 A 10H=O<8 - >2>40=8- !2OB>9 1;03>25@=K9 :=O7L 0=88; >A:>2A:89 119 ;>2A:>9. C7=5G=>9, ;5:A552A:>9, 0AB>OB5;LA:>9, 5>@3852A:>9, 03>@=>9, 0B@80@H59. !8=>40;L=>9.  <>=0ABK@5 =0E>4OBAO ?OBL E@0<>2 8 425 G0A>2=8. ;02=K9 2E>4 - A525@=K9, G5@57 !2OBK5 2@0B0. =8 254CB =0 ?;>I04L, 2>:@C3 :>B>@>9 @0A?>;>65=K E@0< 2> 8<O !2OBKE >BF>2 A5<8 A5;5=A:8E !>1>@>2, E@0< !2OB>9 "@>8FK, 4>< =0AB>OB5;O.  E@0<5 !2OBKE >BF>2 A5<8 A5;5=A:8E !>1>@>2 =0E>48BAO @0:0 A G0AB8F59 <>I59 1;03>25@=>3> :=O7O 0=88;0. 04 !2OBK<8 2@0B0<8 2>72KH05BAO =042@0B=0O F5@:>2L !8<5>=0 !B>;?=8:0 A B@5EJO@CA=>9 :>;>:>;L=59.  70?04=>9 G0AB8 <>=0ABK@O =0E>4OBAO @57845=F8O 0B@80@E0 8 3>AB8=8G=K9 :><?;5:A. ;O ?>3@515=8O >AB0=:>2, =0945==KE =0 B5@@8B>@88 <>=0ABK@O, 1K;0 A>>@C65=0 ><8=0;L=0O G0A>2=O (2 1988 3>4C). >A@548 >18B5;8 AB>8B 04:;0457=0O G0A>2=O, :>B>@CN ?>AB@>8;8 2 ?0<OBL 1000-;5B8O @5I5=8O CA8. !=0@C68, A 70?040 >B !2OBKE 2@0B, 2 1988 3>4C 1K;0 >A2OI5=0 F5@:>2L ?@5?>4>1=>3> !5@0D8<0 !0@>2A:>3>, ?@8 =59 >B:@KB0 8:>==0O ;02:0. V. 0:@5?;5=85 ?@>945==>3> <0B5@80;0 #. B0:, :0: 2K 4C<05B5, 70 :0:85 70A;C38 &5@:>2L ?@>A;028;0 :=O7O 0=88;0 :0: A2OB>3>? @82548B5 ?@8<5@K. . !2OB>9 0=88; 1K; <8@>B2>@F5<, >= ?@8<8@O; A2>8E 1@0BL52. !2OB>9 E>@>H> >B=5AAO : :=O7N >=AB0=B8=C O70=A:><C, :>340 27O; 53> 2 ?;5=. 0=88; >A:>2A:89 1K; A:@><=K< G5;>25:><, 2 ?>MB><C 2 ;5B>?8AOE > =5< <0;> A:070=>. #.  :0:>2> 7=0G5=85 45OB5;L=>AB8 A2OB>3> 0=88;0 >A:>2A:>3> 2 8AB>@88 =0H59 >48=K? . ! :=O65=8O 0=88;0 >A:>2A:>3> =0G8=05BAO 2>72KH5=85 >A:>2A:>3> :=O65AB20. >9A:> A2OB>3> 0=88;0 ?>1548;> B0B0@ C 5@5A;02;O 2 1301 3>4C. VI.>42545=85 8B>3>2 #.  :>< <K A53>4=O 3>2>@8;8? 07>28B5 >A=>2=K5 A>1KB8O 87 687=8 A2OB>3> 0=88;0. VII. ><0H=55 7040=85 . #. ><0 70?8H8B5 MB8 A>1KB8O 2 E@>=>;>38G5A:>< ?>@O4:5. 0@8AC9B5 8;8 A45;09B5 <>45;8 E@0<>2 0=8;>20 <>=0ABK@O. .- ;N520 !"+ #  120 "5<0. ;03>25I5=85 &5;8 C@>:0. >7=0:><8BL A >A=>2=K<8 A>1KB8O<8 ?@074=8:0; @0A:@KBL 53> A<KA;; @072820BL @5GL CG0I8EAO. %>4 C@>:0 I. !>>1I5=85 B5<K C@>:0 #G8B5;L. "5<0 =0H53> C@>:0 - ;03>25I5=85. 0: 2K ?>=8<05B5 MB> A;>2>? 5B8. ;03>25I5=85 - 1;030O, E>@>H0O, @04>AB=0O 25ABL. #. @82548B5 ?@8<5@K @04>AB=>9 25AB8 87 A2>59 687=8. 5B8 >B25G0NB. -  :0:0O 25ABL <>3;0 AB0BL 1;03>9 4;O 2A5E ;N459, 682CI8E =0 75<;5? >4C<09B5 =04 MB8< 2>?@>A><, 0 2 :>=F5 C@>:0 <K ?>?KB05<AO =0 =53> >B25B8BL. ;03>25I5=85 - 42C=045AOBK9 ?@074=8: @02>A;02=>9 &5@:28. 'B> 7=0G8B 42C=045AOBK9? . -B> >48= 87 3;02=KE ?@074=8:>2 @02>A;02=>9 &5@:28, MB8E ?@074=8:>2 2A53> 425=04F0BL, ?>MB><C >= 8 =07K205BAO 42C=045AOBK<. II. >2B>@5=85 #. A?><=8B5 A>1KB8O 45BAB20 @5A2OB>9 >3>@>48FK. 0:>=G8B5 ?@54;>65=8O. >48B5;59 52K 0@88 720;8... . >0:8< 8 ==0. #. >340 @5A2OB>9 >3>@>48F5 1K;> B@8 3>40... . !>25@H8;>AL 22545=85 5 2> E@0<. #. 0AA:068B5 > >645AB25 >6859 0B5@8. . # 5 @>48B5;59 =5 1K;> 45B59, 0 MB> AG8B0;>AL >688< =0:070=85< 70 3@5E8. >0:8<C 8 ==5 1K;> BO65;>, => >=8 =5 @>?B0;8 =0 >30, 0 B>;L:> A8;L=55 <C <>;8;8AL, 8 >3 CA;KH0; 8E <>;8B2K: C =8E @>48;0AL 4>GL 0@8O. #. 0AA:068B5 >1 MB>< A>1KB88. . >0:8< 8 ==0 >15I0;8 ?>A2OB8BL A2>N 4>GL >3C, ?>MB><C, :>340 9 1K;> B@8 3>40, >=8 >B25;8 0@8N : 5@CA0;8<A:><C E@0<C.  E@0<C 25;8 H8@>:85 ABC?5=8, 8 ?> MB8< ABC?5=O< 0@8O 27>H;0 A0<0. # 2E>40 0@8N 2AB@5B8; ;03>25I5=85 121 A2OI5==8: 8 225; 55 2 !2OB0O !2OBKE (A0<CN 3;02=CN G0ABL E@0<0, :C40 A2OI5==8: <>3 2>9B8 >48= @07 2 3>4), III. 7CG5=85 =>2>3> <0B5@80;0 #. 520 0@8O >AB0;0AL 68BL ?@8 E@0<5. A5 !2>5 2@5<O =0 >B4020;0 <>;8B25 8 @C:>45;8N. >340 @5A2OB0O 520 2K@>A;0, B>, ?> >1KG0N, 4>;6=0 1K;0 2K9B8 70<C6. > =0 E>B5;0 ?>A2OB8BL !51O >3C. !2OI5==8:8 =5 7=0;8, GB> 8< 45;0BL, => 0=35; >A?>45=L ?>25;5; A>1@0BL 2A5E AB0@F52 87 @>40 0284>20. "0: 8 A45;0;8, 8 :>340 2A5 AB0@FK A>1@0;8AL, ?5@2>A2OI5==8: 27O; 8E ?>A>E8, >B=5A 2 !2OB0O !2OBKE 8 AB0; <>;8BLAO. >A;5 <>;8B2K 2A5 C2845;8, GB> ?>A>E 80-;5B=53> AB0@F0 >A8D0 @0AF25;. ">340 52C 0@8N >1@CG8;8 A >A8D><. >A8D 1K; 9 =07=0G5= =5 :0: <C6, 0 :0: E@0=8B5;L 8 701>B;82K9 A;C68B5;L. B0:, 0@8O ?>A5;8;0AL C AB0@F0 >A8D0 2 070@5B5. 4=064K, :>340 =0 1K;0 >4=0. 9 O28;AO @E0=35; 02@88;. B> B0:85 0@E0=35;K? . -B> >48= 87 0=35;LA:8E G8=>2. #. @E0=35; 02@88; ?@825BAB2>20; 52C 0@8N B0:8<8 A;>20<8: ^ 04C9AO, ;03>40B=0O, >A?>4L A ">1>9. ;03>A;>25==0 BK <564C 65=0<8! >G5<C @E0=35; 02@88; =0720; 0@8N 1;03>40B=>9? . -B> 7=0G8B, GB> =0 1K;0 8A?>;=5=0 1;03>40B8 >6859 -40@>2 !2OB>3> CE0. ' #. 0@8O A<CB8;0AL >B 2840 0=35;0 8 A;>2 53>. > 0=35; A:070; 9: 5 1>9AO, 0@8O, "K >1@5;0 1;03>40BL C >30: C "51O @>48BAO !K= 8 "K =07>25HL 3> 8ACA. = 1C45B !K=>< >30 A52KH=53>*. 0@8O A?@>A8;0; 0: MB> 1C45B, :>340 C 5=O =5B <C60? =35; >B25B8;, GB> 2A5 MB> A>25@H8BAO A8;>9 2A5<>3CI53> >30. ">340 0@8O A:070;0: / @010 >A?>4=O, ?CABL 1C45B =5 ?> A:070==><C B>1>9.  :0:8E A2>9AB20E 4CH8 52K 0@88 3>2>@OB 55 A;>20? .  A:@><=>AB8, A<8@5=88, > ?>A;CH0=88 2>;5 >6859. #. >;6=K ;8 <K 1KBL ?>A;CH=K<8 8 :><C? . >3C, @>48B5;O<, AB0@H8<. #. @82548B5 ?@8<5@K 87 ;8B5@0BC@K 8;8 A>1AB25==>9 687-=8 > 206=>AB8 ?>A;CH0=8O. 0?@8<5@, 45B8 <>3CB ?@>G8B0BL @0AA:07 !?0A5=85 >B :@CH5=8O >5740" 87 :=838 @02>A;02=K5 GC45A0, 2 XX 25:5: 5:0O-0@8O !"+ #  122 ?@85E0;0 =0 =5A:>;L:> 4=59 2 >18B5;L ?> A;CG0N >B?CA:0. 'B>1K =5 ?@>A@>G8BL @01>G53> 4=O. >=0 4>;6=0 1K;0 2K5E0BL 2 >?@545;5==K9 45=L, GB>1K ?>?0ABL =0 @01>BC 2>2@5<O. =0 ?@8H;0 : 10BNH:5 1;03>A;>28BLAO =0 2K574 25G5@><. 0BNH:0 A:070;: >545HL 702B@0. 0@8O ?>A;CH0;0AL, >AB0;0AL 4> 702B@0. '5@57 =5A:>;L:> 4=59 >=0 ?@8A;0;0 ?8AL<>, 2 :>B>@>< A>>1I8;0, GB> A ?>574>< A;CG8;>AL :@CH5=85 - A B5< 'A0<K<, ! :>B>@K< 59 =5 1K;> 1;03>A;>25=8O 2K5E0BL". #. @E0=35; 02@88; A>>1I8; @5A2OB>9 525, GB> 5 @>4AB25==8F0 ;87025B0, C :>B>@>9 4>;3> =5 1K;> 45B59, 645B @>645=8O @515=:0. (-B8< @515=:>< AB0; >0== @5AB8B5;L.) 520 0@8O ?>H;0 =025AB8BL ;87025BC. >340 >=8 2AB@5B8;8AL, ;87025B0 >G5=L >1@04>20;0AL ?@8E>4C 0@88. ;03>A;>25==0 "K <564C 65=0<8, - A:070;0 >=0, - 1;03>A;>25= ">B, B> @>48BAO >B "51O! B:C40 <=5 B0:0O @04>ABL, GB> :> <=5 ?@8E>48B 0BL >A?>40 >53>? 0: B>;L:> CA;KE0;0 O ?@825BAB285 "2>5, >1@04>20;>AL 48BO <>5. >3> ;87025B0 =07K205B >A?>4><? . ;045=F0 8ACA0, ?>B><C GB> = 1K; >3><. 0@8O ?@>1K;0 C ;87025BK B@8 <5AOF0 8 2>72@0B8;0AL 2 4>< !2>9. 7 A;>2 0=35;0 8 ;87025BK A>AB028;0AL <>;8B20 >3>@>48F5: >3>@>48F5 52>, @04C9AO, 1;03>40B=0O 0@8O, >A?>4L A ">1>N; 1;03>A;>25==0 "K 2 65=0E 8 1;03>A;>25= ?;>4 G@520 "2>53>, O:> !?0A0 @>48;0 5A8 4CH =0H8E. ; >-@CAA:8 MB0 <>;8B20 72CG8B B0:: >3>@>48F0 520, @04C9AO, 0@8O, ?>;CG82H0O 25;8:CN 1;03>40BL, >A?>4L A ">1>9; ?@>A;02;5=0 "K A@548 2A5E 8 1;03>A;>25= !K= "2>9, ?>3><C GB> "K @>48;0 !?0A8B5;O 4CH =0H8E. #. 5@=5<AO : 2>?@>AC, :>B>@K9 <K 7040;8, 2 =0G0;5 C@>:0; ?>G5<C MB>B 45=L =0720;8 ;03>25I5=85<? . >B><C GB> 2 MB>B 45=L @E0=3&:|   V X \   F V X " F f n rt"lpʼhG6CJ]aJ hG6CJ OJQJ]^JaJ hGCJaJ hG5\ hG6]hG6CJ]aJhG56CJ\]aJhG6CJ]aJhG:CJaJhG5CJ\aJhGhG5CJ\aJhGCJaJ2<X|   X  X u $d`a$$d]^`a$$@d]^@`a$$d]`a$$a$$ d] ^a$ $d0`a$ $L`a$ $d`a$ X F  H n pN"$dx)&`#$+D.(/`'0$^`a$ $d)&`#$+D.(/`'0$^`a$d)&`#$+D.(/`'0$`$d)&`#$+D.(/`'0$`a$$d]^a$$@@d]@^@a$$  dx] ^ `a$n tnp~v$da$$xa$$d]`a$ $]^a$  (d^(`$8<^8`a$0d^0 0d<^0 $d`a$d)&`#$+D.(/`'0$` Td"V h && 'l')),//l/n//11L223555~667788:(:>:D:R:b:IIIJLLMMZZ Z0Z2Z:Z>ZZZZo oToppp2t:tzhGCJ aJ hG5CJ\aJ hG6]hGCJaJ hG5\hGCJaJhGO2p(*H~rr $d`a$$xdP^x`a$ Pd^P`$Pd(^P`a$ (d^(`d`$d^`a$ $d<`a$$xd^x`a$ $d`a$ $.nV # ')+,,,/n/y $d`a$ ]` $d`a$d` Pd^P` xd^x` (d^(` x^x` xd^x` d` $d`a$n//V0L225P:R:d:j;ADEwrid`d (d^(` d` $d`a$$d^`a$$d^`a$$X0d]X^0`a$ $d]a$$dh(]^a$ $dP`a$ EGIJJJfMMx *, hG5\ hG6]hG5CJ\aJhGhGCJaJhG5CJ\aJRbd|dflȭڭ| xd^x` xd@^x` d`$d]`a$$a$$^a$$d^`a$d d` $d` d^`@̸NPVhzNxd d` $d`a$ $d`a$dx^` d^`$d(^`a$$d^`a$$d(^`a$x, pxd^x xd,^x (d^(`$(d(^(`a$ (,d^(`, (d^(` d`$a$ $d`a$ $d`a$ \d@D "BFJL\^f2BH tx""Z#d######<'B'**++/ hG:hG56\] hG6]hG6>*] hG>*hGCJ aJ hG5CJ\aJhG6CJ]aJhGCJaJ hG5\hGD$ *px (d^(`(d@]^(`$a$d d`$d$dN`a$ $d`a$d&`#$+D.(/`'0$`dL&`#$+Dx.(/`'0$` pDFL^`bdf d wrwdd` d`$d$dN`a$ $d`a$d)&`#$+D.(/`'0$`dL&`#$+Dx.(/`'0$`$(d^(`a$$(d<^(`a$ d RJ t!$!!###u 8d` d^` $d`a$$d<^`a$$(d^(`a$$d^`a$ (d@^(`$d]`a$$a$Td`Td #$.4P4R44d556"8l88w$xd^x`a$$(d<^(`a$ d]` $dP`a$ $d`a$$(dP]^(`a$$a$ $ d^ a$d` d` //00224444b5BB DDD DnDrDtDDNETEJJ0TBTTTTTTTxc~cccddddjepelqvqqqvVv xxjyty06bf  "Nȓ hGH*hGCJ aJ hGCJaJhG6H*]hG5CJ\aJhG56\] hG5\hG hG6]I8;;\<t<tBCD DnDtDG{p dx`$a$%`&`+DT.(/P0$$hdP^h`a$ @d^@`$d^`a$$dx^`a$$(d^(`a$$d^`a$ Pd^P` GNN"TTT4VWYY~[H]cc $d`a$$d^`a$$Pd^P`a$$(dx^(`a$$`a$ $d`a$$X^Xa$Pd^P $d(`a$d` cdddJn vvXvwwȄ d^`$xd(^x`a$ Pd^P` $d<`a$ d<`$a$d` d` `d` @d^@` p"Plzuud$d^`a$$Xd]X^`a$$a$ d`$d$dN`a$ $d`a$da&`#$+D.(/`'0$`L&`#$+Dx.(/`'0$ l.:t"6dL&",.4L&`#$+Dx.(/`'0$ (d^(`d` d`d`dddȓ ֝ޝ£ԣܣ.24DFN`br¤ܦħHJ ZfFR flƭ4JخJvدޯ<NnHR\hƸ hGH*hG56CJ\]aJhGCJ aJ hGCJaJhG56\] hG5\hGhG5>*\ hG6] hG>*F4FHJLNbtdҥRܦjLdddd$d^`a$ $(^(a$$d$dN`a$ $d`a$du&`#$+D.(/`'0$`Lܨ P2Zh"dfLh $d<`a$ $d`a$ddddhخxدnjx|$<a$d`$d^`a$$@a$$d]^`a$$d(^`a$$d^`a$$d(^`a$$d^`a$ hjvαޱijҳh´δH\^lBĶȶʶڶܶDJڷ<JT8Jƹ@Lмhn|̽ڽ6:@DR&.F08hGCJ aJ hG5CJ\aJ hG5\hG56\]hGUx(ijԳH´д^nе¶Ķ $,`,a$ $,d`,a$ $,d`,a$ $,d`,a$ $d`a$ $d`a$Ķʶܶ޶Zڷ>|p $d`a$ $d`a$ $d`a$ $d`a$$d^`a$$d$dN`a$ $d`a$du&`#$+D.(/`'0$``&`#$+Dx.(/`'0$ ȹ@NDlҼh| $d`a$ $d`a$ $d`a$ $d`a$ $d`a$ $d`a$ $d`a$|¾46<>@BDTx$d^`a$$d^`a$$d^`a$$d$dN`a$d`E@&`#$+Dx.(/P0$d`d`$d^`a$ 0JX6tH$da$ $da$$da$$(d^(`a$$d(^`a$$d]^`a$ $d`a$$d(^`a$ $d(`a$Hn0:RNtd`&`#$+D.(/P0$&`#$+Dx.(/P0$$`a$$da$$da$ $da$2 Nf\bpZh~ l| rfr:HP~F,8:JrhG6CJ]aJhGCJ aJ hG56\]hG56CJ\]aJhG hG5\M  \p~Xxssddd$d^`a$ $d,`a$$d]`a$PdQ$&`+D.(/P0$^P`$dQ$&`+D.(/P0$`a$$d$dN`a$ XLp*ft<8J6$d<^`a$]$d^`a$ Pd^P` Pd^P`$d]`a$dddb H^yi$d^`a$$(d(^(`a$$@d^@`a$$(dd^(`a$$dP^`a$ $d(`a$ $d<`a$$Pd^P`a$$(dh]^(`a$ X.b:rw $d^a$ $d^a$$d(^`a$$d^`a$ $d`a$$xd(^x`a$d`$hd^h`a$d]^` rNb.Ls$dx^`a$ $dd`a$$d^`a$d`$d^`a$$d^`a$ d`$`dd]^``a$$a$$a$ LN`b,.JL &8D*BR6N~ :޹޹޹ hG6]hG56\]hG5CJ\aJ hG5\hG5CJ\aJhGCJaJhGCJaJhG56CJ\]aJhGhGCJaJBhr $d`a$ $d`a$$X^Xa$P^P $d`a$$d^`a$$@@d]@^@`a$$@d^@`a$$@d^@`a$ $(d(^(a$ (XLj<vf$xd^x`a$$@d^@`a$$xdd^x`a$ $x^x`a$$(d^(`a$$d^`a$$d^`a$$d^`a$$ d] ^`a$ <*ndj}}k&`#$+Dx.(/`'0$$d^`a$ d^`$d(^`a$ d^`$xd(^x`a$$dd^`a$$xd^x`a$$hd<^h`a$ "b,<FV$2Hlt@H<B>D\&Fdjp`vvd~:B hG5\hGCJ aJ hG56\] hG6]hG5CJ\aJhGR ",i$dA=& +D.(/P0$`a$ $d`a$$d$dN`a$ $d`a$U.X&`#$+D.(/`'0$%"p&`#$+Dd.(/`'0$x &`#$+D.(/`'0$dQ&`#$+D.(/`'0$` R$x``A$dA=& +D.(/P0$^`a$ $dA=& +D.(/P0$^`a$$dA=& +D.(/P0$`a$ $dxA=& +D.(/P0$^`a$ $dA=& +D.(/P0$^`a$ $dA=& +D.(/P0$^`a$xf*R\~] $PdA=& +D.(/P0$^P`a$$dA=& +D.(/P0$a$$dA=& +D.(/P0$a$$dA=& +D.(/P0$a$$ddA=& +D.(/P0$a$ $dA=& +D.(/P0$^`a$ JJbvj^ $dh`a$ $d`a$ $dx`a$ $d`a$$xd]x`a$ $PdA=& +D.(/P0$^P`a$$PdA=& +D.(/P0$^P`a$$PdA=& +D.(/P0$^P`a$ 6F lFX<"D, d`dh`d` dd` $dP`a$ $d`a$ $d`a$ $dd`a$ $d`a$ $d`a$"2 `f  * R T      *   8 H R f h    8 R d f h r    ` l    *\bt >LhG56\]hG5CJ\aJhG56CJ\]aJhG6OJQJ]^JhG5OJQJ\^J hG5\hGH, . V h  h  T h    yq$da$ $da$$( d^( `a$ $d`a$$ ] ^`a$$a$d`$d^`a$dd d` P $d`a$ .(z\^> d^` (d^(` $d(`a$d`$Pd^P`a$$xa$ d`$a$dd< $dx`a$$da$LZ\pr  4 P R d ~         J!Z!!!!!""8"B"Z"h"""" #t##>$L$v$|$$$$$ %%%&%%%%%|&&&&&&&''hGCJ aJ hG6]hG56\]hG hG5\WL(}p $^`a$$d<^`a$$d<^`a$ d^`d^`$xd(^x`a$ $d`a$$hd^h`a$$Pdd^P`a$ R        !8"Z""yi$d^`a$$d^`a$$xd^x`a$$dh^`a$$d$dN`a$aL&`#$+Dx.(/P0$$( d]( ^`a$$dh]^`a$ "" ##,$N$$%\%%@&l'scs$(d^(`a$$(d^(`a$$(d^(`a$ $d`a$ $d`a$$(dx^(`a$ $d`a$$d^`a$$d^`a$$d^`a$ ''( (,(@(N(`((((())))&*6*J*\*****+ ++,,,D-R-d-r---...z......//Z/|/ 000000111222(3H333334 55555555&62666>7P7hG5CJ\aJhG56CJ\]aJhG6CJ]aJhG hG5\Pl''(|(X)))**@+B++,:,~,,-0.D. $dd`a$ $dP`a$ $d`a$$a$$(d^(`a$$(d^(`a$$(d^(`a$D...~// 0L000@1z1m$hd^h`a$$hd(^h`a$ $d`a$$@d^@`a$$@d^@`a$$(d<^(`a$$d^`a$ $dd`a$$xd^x`a$ z11,2H2222J3D444 5T55r$d^`a$$d(^`a$$d^`a$$d^`a$ $<^a$$d^`a$$xdP^x`a$ $d`a$$hd^h`a$ 55R67<7>7`7f7|89b99 :J:s$d^`a$$d^`a$$da$$d]^`a$$a$$(d^(`a$$d<^`a$$d(^`a$ $d`a$$Pa$ P7^7`7d7f7x77777Z8d888J:V:::;;J>X>~>>lAtAAAABFCTCfCCCCD.D>?AA Cv Pd^P`$d^`a$ $(d^(a$ $(d^(a$ $(d(^(a$$(d^(`a$$dx^`a$$Pd^P`a$$d^`a$ CVC>DRDDbEEFG$Gxf$hdh^h`a$$hdh]^h`a$Pd]^P`Pd^P`$(dh]^(`a$$d^`a$ $d`a$d]^`$@d^@`a$ $GG4HHHHIIIITJJ~l` $d`a$$dh^`a$$@ d^@ `a$$dx^`a$$Pd^P`a$$d^`a$ $d`a$ $PP^Pa$$xdh^x`a$$xd^x`a$ HHIIIIIIIII"J2JTJ^J*KLK\KlKKKKKLLLLMMXFX^XXTY^Y,Zooop$ppppp4qFqqqLR4<LVΏrRnpґܑ*0JTv hG5\hGhG56\] hG6]ZjԆ<fF̋t$d]`a$ xd^x`xd^x` xd^x`$(d<^(`a$Pd^PPd^P $d(`a$,d`,tpVv*6ēuc$d^`a$$Pd^P`a$$xd^x`a$ $d`a$ $^a$$@dP^@`a$(d]^(` $d`a$$d^`a$ $d`a$ v(6Vt“ēԓ ʔД&JPޕ"DX~0JZf">Zpšp~țʛ֛"8ȝ hGCJ aJ hG6] hG5\hG56\]hGhGCJaJhG5CJ\aJOē8Dhxf$d^`a$$d^`a$ $d`a$$dx^`a$$d^`a$$hd^h`a$$@d^@`a$$d]^`a$d]^` ʛlzudd` d<`$dx^`a$ $d`a$$d$dN`a$d`aL&`#$+Dx.(/P0$$d^`a$$d^`a$ lԥڥ\d̦ئ,@Bb̩,2Dh~ڪ$*<ȫLTZdr*DLT~ح$4\z8Ndfv°ܰ"$:³̳  hG6]hG56\]hG hG5\Z,BʫfrVv $Pd^Pa$ $Pd^Pa$ $dx`a$ $d`a$ $dP`a$ d]`(` $&dPa$$^a$d $dh`a$d` VƭحD"\Яf$rb$dh^`a$$dd^`a$$xxd]x^x`a$$d^`a$$Pd<^P`a$Pd]^P`$xd^x`a$$(dd^(`a$$(d^(`a$ $ "bx68>bdxxd`aL&`#$+Dx.(/P0$$Xd^X`a$ $@^@`a$$0d^0`a$$d^`a$$d^`a$ d^` $d`a$  "B`b hvxֵ48<>P`dh̶޶FR`tƷԷ&.4X~ĸҸ"0DFZ\`¹ȹй.0@  hG6]hGCJ aJ hG56\]hGCJaJhG5CJ\aJhG hG5\OdfhT`ƷjF\0u dP` $d`a$$d^`a$ $d`a$ $d`a$$dx^`a$ $d(a$ $d`a$d$d$dN`a$ :b &v~мT\ ( $&0Z\r  lnt68"2hG5CJ\aJhGCJaJhG56CJ\]aJhG5CJ\aJhG56CJ\]aJ hG>*hG56\] hG6] hG5\hGA0 8&\ n$xdh^x`a$$x]^x`a$ ]`Pd(^P`$8dd^8`a$$a$$^a$$a$ dd`d dP` 8Rpzhz$0d<^0`a$$0d^0`a$$d^`a$d^ d^ dP^ ^`$d<^`a$$dhd^`a$$Xd@]X^`a$ 2@<\t| 2Dp`h:@0N^bfBL<bv0Pr~&0PVZ^DPbjxPhG5CJ\aJ hG6]hGCJ aJ hG56\]hG hG5\R :<^p> `bh&`#$+D.(/P0$d$d^`a$dd d`$a$ @d^@` $d`a$<.B$PdP^P`a$$hdP^h`a$d` $d(`a$$da$$dha$ $dP`a$ $d`a$$d$dN`a$ Bx:<dRbZ&  d`d`d` d`d` d` (d`$d^`a$$d^`a$P\>R6<Fjv" 2BD^v0@`n4.DHL$p|lxhG56\] hG6]hG hG5\X :jXD>$$d^`a$$Xd]X^`a$ (d^(`$d^`a$d`d` d` d`B}}ii$d$dN`a$a&`#$+D.(/P0$ $d`a$$d]^`a$$d^`a$$Xd]X^`a$$d]^`a$$d]^`a$ 0R^Z           " $ R T h     *DFb $<Z`$2<PhhGCJaJhG56CJ\]aJhG5CJ\aJhG56CJ\]aJ hG5\hG56\] hG6]hGhGCJ aJ D0 . F    Z    $a$d$d^`a$$d^`a$$d^`a$$d^`a$ (d^(`$H d]H ^`a$   $ T  ,.F$d^`a$ d` $da$$da$ $da$ $da$ $d@`a$ $d`a$$ d] ^`a$FdpZB p^y(d^(d`d` (d<^($dd^`a$ $d`a$$dh^`a$$dx^`a$ $d`a$$d^`a$ ^t&jDN$l  d@`ddd<$d^`a$ d(d^((d^( (d^(V\fnb"  4 x    !!!!b"h"""V#Z#%P&^&&&&&& '6'''("(()4)<)H*h***++++ ,.,---->.X...//`/l///60F0111111hG56\] hG6]hG hG5\Z   6!!!!N"|"""V#X$%8':'''$(N(f( $d`a$ $d`a$ $d`a$ d@^`dddf(()))***+<+t++0,n,,.-L--|. P^P`Pd<^P`$d^`a$ $d`a$ $d`a$ $d`a$|../*/D/`///111 2 22233 (d^( (d^($d$dN`a$aL&`#$+D.(/P0$ Pd^P`Pd^P` Pd^P`1 22x2222l3z333V4`47$7==>>>>>?f?n????????(@,@0@b@@@BFBB"CCCDELEtEFF6G8GNGjGGG>H@HRHTHhG5CJ\aJhGCJaJhG5CJ\aJhG56CJ\]aJhG5CJ\aJhG56CJ\]aJhG56\] hG6] hG5\hGCJ aJ hG;3t445X5566678=R>>R????*@,@.@$d$dN`a$&`#$+Dx.(/P0$(d^((d^( (d^((d^(.@0@d@AxAABB:CCC|l$(d^(`a$$(dh^(`a$$(d^(`a$$(d^(`a$$(d(^(`a$$xd^x`a$$`a$$d^`a$$d$dN`a$ CC4DhDDELEvEFF8G|uc$xd^x`a$$a$ (d^(`$@d^@`a$$(d<^(`a$ $d`a$$d^`a$$d(^`a$$d^`a$$d^`a$ 8G@HTHpHHHHHIIIIIo$dx^`a$$d]^`a$$d$dN`a$a`&`#$+Dx.(/P0$$(d^(`a$$d,^`a$$d^`a$ x^x` THnHpHHHHHHIIIOJO,P2PPP\PlPzPPPPPRQXQQQSS,X4XXX"YTY[$[[[__`.`aabb*d0d2d:dOrOOO$P^PPPPQQZQQQ$(<d^(`<a$$(<d^(`<a$  8d^`88d^`8QQ(R`RRRR,SbSSS TLTzTTTU6UrU`V"Yd` $d`a$$(<d^(`<a$$(<d^(`<a$"YVYYYZ[[[\h]]__``aa$dx^`a$ddd< $d`a$d` d`$a$(d^((d^($d^`a$aac*d JVt֋F\ht܌pTZĎ̎ΎTdڏ*<>H   <NhG5CJ\aJhGCJaJhG56CJ\]aJhG5CJ\aJhG56CJ\]aJhG5CJ\aJhGCJ aJ hG hG5\BtFpΎ*>  m$(d@^(`a$`$Xd]X^`a$$a$ (d^(`$d,^`a$d`$d^`a$$d]^`a$ $]`a$  .2XZ\hn~DJĦЦ$Zb~ "2dfطڷ<>ܸ24jvz޹TdhG56CJ\]aJhG5CJ\aJhGCJaJhGCJ aJ hG6] hG5\hGhGCJaJhG5CJ\aJF 02Z&6f dx` d`  dP] $d<]a$d< $d]a$$d^`a$d]d$ Pa$<`fB֪@|~"d``$d$dN`a$a&`#$+D.(/P0$ (d^(`(d^(`(d<^(`(dP^(` d<`"fڷ>4l6м}$xdP^x`a$$xdd^x`a$$@Ld<]^@`La$$dd^`a$$xd]x^`a$$d^`a$$d^`a$jl 46μмN^bf½ƽԽ|2@R\rLRdhnt&$,.hGCJaJhG5CJ\aJ hG5\hGCJ aJ hG6]hG5CJ\aJhGhGCJaJLм`bh½Ľƽ({p dP`$dP]^`a$$dx^`a$$ d] `a$$d$dN`a$)@&`#$+Dx.(/P0$$xd^x`a$$d^`a$ R.\2 {p d<`$ d] ^`a$$@d<]@^`a$$dx^`a$$d^`a$$d^`a$$d]^`a$$dx^`a$ Fl>bdnd<$d^`a$$da$$d^`a$ Pd` d<`$d^`a$$d^`a$$d]`a$(.z"Rww $,d`,a$ $,d`,a$ $d|`a$` $d`a$ $a$d$dh^`a$$dx^`a$$Xd]X^`a$ .8xz  "PRb &. ZvFd*8RV|~ 4^p(:pt hG: hG5\hG5CJ\aJhGCJaJhG56CJ\]aJhGhG5CJ\aJhG56CJ\]aJH ZxTV~|&D{{dd$d^`a$ Pd` Pd^P`$@d]^@`a$$@d@^@`a$ $,d`,a$ $,d`,a$ $,d`,a$Df JNPV4J d`$d$dN`a$@&`#$+D.(/P0$d`dd"*LPT4<~:BJP^fX^ &z        .<X"P &&jtDThGCJaJhGCJ aJ hG56\] hG5\hGV^@b~(  p  bd2$ $da$$da$ $dx`a$  d` Pd`dd^vZ*f"N|P<d^P`< P<d^P`< Pd^P` (d^(` $d(`a$d`$d^`a$$da$$da$TRRd6<v |  !!!!D#d#z$|$$$%%J%L%r%z%%%%%%%%0&4&>&&&&&&j''ȽhG5CJ\aJhGCJaJhG56CJ\]aJhGCJaJhG6CJ]aJhGCJ aJ hG56\]hGCJaJhG5CJ\aJhGCJaJ hG5\hG:|Hxz,T:d$d^`a$ $d`a$ $d`a$ $d`a$ <d` P<d^P`<P<d^P`< !!|$$%L%%%%%%.&0&&`#$+Dx.(/P0$$Ta$$dd^`a$$d^`a$$d^`a$dd< d<`d0&2&4&&l''')*+B-x-d.~oix^xxdd^x` xd^x`xd^x`d` (d^(`(d^(` $d`a$`$`dd]^``a$$d$dN`a$ '' ((~((((0)B)N)n)))****N,Z,j,p,,,,-----.>.... /V/j/1 11111111L2R2558899`:p:::>>T>>>B?T?AA:BBBBBTChCFFFF2G@GHHJJhGCJ aJ hG5CJ\aJhGCJaJhG56\]hG hG5\Rd../1111111 3n333~4~ (d^(` $da$$da$ $da$$d$dN`a$d`9&`#$+D.(/P0$xd(^x`Pd^P` xdd^x~4 5l5F666<777&99:r::;L;;~<>>>h&`#$+Dx.(/P0$d` d`d`d` d(` (d^(>>>V??@@2AAB&BBCjC $d`a$ $d`a$$d^`a$$d^`a$$d^`a$ $d`a$$d^`a$ $d`a$ jCCNF~FHIJZK6L8L>L`LbLdLfLzz$d$dN`a$aL&`#$+Dx.(/P0$d` $d`a$ Pd^P`d dP`$d^`a$dP$d^`a$JJJKKKKL4L8L |Nbʻk$ d] ^`a$$ d^ `a$$d]`a$$@d]@^`a$$ <d`a$$,a$d`$d|^`a$$dx^`a$ p *z|N`b|ڽ¾Pd"P^0 HPBD.48B,02>hGCJ aJ hG56\]hG5CJ\aJhG56CJ\]aJhG5CJ\aJhG56CJ\]aJ hG5\hGFʻ,J4п 2f2\m$x\d]x^`\a$$\d^`\a$$\d^`\a$$xd]^x`a$$(dP]^(`a$$d^`a$ $d`a$$xd]^x`a$ $(N$X|$da$ $da$$x\d]^x`\a$$Xx\d]X^x`\a$$x\d^x`\a$$Pd]^P`a$ $\d^`\a$~2tD~t*Ddd$d^`a$ (d`$(d^(`a$$d^`a$$da$D*,2~B\|8:b x d<`$dx^`a$ d`$d$dN`a$@&`#$+Dx.(/P0$d06:RhlDZ *V,lx0TXDVhG5CJ\aJhG5CJ\aJhG56CJ\]aJ hG6]hG56\] hG5\hGLbzpr H~~$d<^`a$$d^`a$  $d`a$ (d^(`$d@^`a$ (d^(`d`d` d`HhD~re^$a$ $(^(`a$$(d^(`a$$(d|^(`a$$dh]`a$$d(^`a$$@dP^@`a$$@d<^@`a$$x]x^`a$$d<^`a$ VXP}u$da$$da$ $da$ $da$ <d`$xd^x`a$$xd^x`a$$Pd^P`a$Pd^P`$d]^`a$ B"Z fhT (d^(`d d` Xd`$d^`a$$da$$d^`a$ $da$   "@d|FL4:rBl  d"p"""f$$$$|----t222 3`3t344x4444b:j:v<<<<<<< hG6]hG6CJ]aJhGCJaJhG5CJ\aJhG56\]hG hG5\NTL*@ !8$$&F&v&f---ddd d` (d`Pd^P Pd^P` (d^(`$d]^`a$--001R2t222"33x4 69R;< P,d^P`,Pd`Pdd`dd]^` $,d`,a$ $,`,a$ $,d`,a$ $,d`,a$ $d`a$d D<<<<V>>@<@AnAA B>Cxsd$d^`a$$d]`a$$d^`a$ $d`a$$@d^@`a$ $d(`a$ $d`a$$a$$(^(a$ P,d^P`, <<== >(>? @AAAAnAAABBBPEXEpFF^GlGPHTHHHHHtIIfJnJJJ>KFKHKKKK L&L*LbMvMxMMMMNO:OjOOPzPPP QQ^Q`QQQhGCJaJhG5CJ\aJhG5CJ\aJ hG6]hG56CJ\]aJhG5CJ\aJhGCJaJhG56\]hG hG5\A>C"DDFFHHJJHKK LTLnLLL MxM$d^`a$$H d]H ^`a$$xd]x^a$ Xd`$d^`a$ddxMMMN NNO:OlOOO PBPPP`Q (T^(`$@d(^@`a$$@d^@`a$$d^`a$$xPd]x^`Pa$$Pd^`Pa$$a$QQQQQQQRRR.RRHRRRRTT*T,T\T^TnTU&UzUUUU$W^WXXl\v\^^*_<_aa:e@eeemmm v&v6w>wyypzzzzz{hG56\] hG5\hG56CJ\]aJhG5CJ\aJhG56CJ\]aJhGCJaJhG5CJ\aJhGCJaJhGhGCJaJhG5CJ\aJ;`QQRR>RRT,T^TUUtV$W`WLXd$d@^`a$ $d`a$ $d`a$ $d`a$`$d]^`a$ (d`$a$xd@^x`LX"Y[\4^6^^____^aceTgh Pd^P` Pd^P`(d^( xd^x` xd^x` $d(`a$ $d`a$ $d`a$ ldhhmmmnlqq,r(sZuhvyy{R{{ xd`xd`$d^`a$ddd d`$ Pd`a$ Pd^P`$Pd(^P`a${{{{>|P|F}}}}~~Dxy $@d^@a$ $@d^@a$ (d^(`$hd]h^a$ $d^a$ $d^a$d`$d^`a$ Xxd`x xd`x{{4|<|>|N|v||||||}}~X~DHx$ȁ΂Ԃ&4x~̃҃ 68JNTx4VʿhGCJaJhG56CJ\]aJhG6CJ]aJhG5CJ\aJhG56CJ\]aJhGCJaJhG5CJ\aJhG56\]hG hG5\>xH0x8L|u$a$ xd^x`$@d,^@`a$$P^Pa$$@d]^@`a$ $Pd^Pa$$@d]^@a$ $@d^@a$ (d^(`$H @d]H ^@a$ LNVxX 20Xʉ$da$$da$$da$ $da$$d^`a$$(dT^(`a$d $d`a$$a$ $d`a$$a$   DdxR^ȋЋLd$HP &<|Ԑ(6|$<2@RV$24:fnԢܢ"hG5CJ\aJ hG6]hG56\]hG hG5\V.0R>֐d> $dT^a$$dd^`a$ $d^a$ $d^a$ $d^a$ 0dd$d,^`a$::r4<œHΞ@ddd $d`a$$a$ (d^((d^((d^($d^`a$(d^(`@Ƞ,$|Fʤ2t ަ2  &.&`#$+Dx.(/`'0$yX&`#$+D.(/`'0$ddd"0NXЦܦF|Χا26 $&,.6>ԪګҬܬȭ\z .p>ֱ P\:FRXxlt^ɽhG5:CJ\aJhG5CJ\aJ hG6]hGCJ aJ hG56\]hGOJQJhG hG5\J.0246 @ʭ8ȯ}m$@d^@`a$$Pd]^P`a$$(d^(`a$d@` Pd^P` $d<`a$ $d`a$ $d`a$$d$dN`a$ $d`a$ °d^\H^,ܾ~~~d d` Pd`d^ xd^x`$xdd^x`a$ $xd^xa$ $xd^xa$$hd(^h`a$$(d<^(`a$^:>m$d@^`a$ $d(`a$`$ dd] ^`a$$ Da$$a$$d@]^`a$dP$d^`a$$d^`a$d :4<>H02B~v.$BjZpNbJ&4lrļ hG6]hG5CJ\aJhGCJaJhG56CJ\]aJhG5CJ\aJhG56CJ\]aJhG56\]hG hG5\C2R Hl$P,d^P`,a$$P,d^P`,a$$P,d^P`,a$$d^`a$ $d`a$ $d(`a$ (d^(`(d^(` lr(>6ypd` d`  $x^x`a$$Pd<^P`a$$Pd(^P`a$ $d`a$$hd,^h`a$$hd]^h`a$$(d<^(`a$ Lv<~V $d`a$$d^`a$d`d d` Dd`d`$d^`a$r&@DBp2@>F&. b  <xL.46@^`vHhG5CJ\aJhG56CJ\]aJhG5CJ\aJhG56\]hGCJaJhG5CJ\aJ hG5\ hG6]hGDj8Vb   D(d^($d^`a$ d` Xddd` d` d` dd`PdP^P`D>  .6`H\$xd^x`a$ d` $d`a$ $d`a$$(^(a$$a$$(d^(`a$Pd^P$d^`a$(d^( HZ\(Fh`j"N4`>N~.L@P`^jtJ$P$`'f'((b)l)`*n***++++B,f,l,,,,,,,,--$-*-0 1hG56\] hG6]hGCJ aJ hG hG5\W\:Pddd$d^`a$d` d(`$d^`a$d]^`d`$d^`a$#t$$%&&'dd$d^`a$ $d`a$$d$dN`a$ $d`a$E)|&`#$+D.(/`'0$ &`#$+D.(/`'0$d''((*p***+d+,--$-,-./|/044Pd^P Pd^P d`$a$$^a$ d<`ddddd`d` 11155566V7X78888:lt<X~\d26.8Z^4X:LNjl $&>@DVX&$TU hG6]hG56\] hG5\hGY455X788p99pRTv{vdd $d^`a$$xd^x`a$$xd(^x`a$ $d`a$ $x<^xa$ PPd@^P`P Pd@^P` $(d^(a$Pd^P 5; 02@88; 2>725AB8; 525 0@88, GB> C 55 @>48BAO !K=. #. >G5<C MB0 25ABL AB0;0 206=>9 4;O 2A5E ;N459? . N48 C7=0;8, GB> A:>@> @>48BAO 8E !?0A8B5;L. #. 15I0=85 @E0=35;0 525 0@88 1K;> =0G0;>< 8A?>;=5=8O B>9 @04>AB=>9 25AB8, :>B>@CN G5@57 ?@>@>:>2 >3 >15I0; ;N4O< 8 :>B>@CN AB>;5B8O<8 640;8 2 52@59A:>< =0@>45. !?0A8B5;L B5?5@L 4>;65= 1K; @>48BLAO 8 ?@8=5AB8 ;N4O< A2>1>4C >B 3@5E0, =0CG8BL 8E ;N128 : >3C 8 ;N4O<. ;03>25I5=85 123 >-3@5G5A:8 A;>20 1;030O 25ABL 72CG0B :0: 520=35;85. 0: 2K 4C<05B5, ?>G5<C A0<0O 3;02=0O :=830 G5;>25G5AB20 =07K205BAO 20=35;85<? . >B><C GB> 2 =59 A>>1I05BAO ;030O 25ABL > ?@8E>45 =0 75<;N !?0A8B5;O. #. CAA:0O @02>A;02=0O &5@:>2L ?@074=8: ;03>25I5=8O ?@074=C5B 7 0?@5;O ?> =>2><C AB8;N (25 <0@B0 ?> AB0@><C AB8;N). !CI5AB2C5B ?>A;>28F0: 2 0 ;03>25I5=85 ?B8F0 3=5740 =5 2L5B, 452:0 :>AC =5 ?;5B5B. 0: 2K 55 ?>=8<05B5? .  MB>B 45=L =5 ?@8=OB> 70=8<0BLAO 4><0H=8<8 45;0<8, 0 =04> 25AL 45=L ?>A2OB8BL >3C: ?>A5B8BL E@0<, CA8;5==> <>;8BLAO, 45;0BL 4>1@K5 45;0. #.  MB>B 45=L 2 >AA88 1K; >1KG09 2K?CA:0BL =0 2>;N ?B8G5: 87 :;5B:8, 2 7=0: B>3>, GB> 2A5 682>5 @04C5BAO >A2>1>645=8N >B 3@5E0. >B :0: ?8H5B >1 MB>< >A5;O=8=: !2>1>40! 5745 ?> >AA88 2K?CA:0NB ?B8F 87 :;5B>:.  A;54O 70 8E >B;5B>< 87 ?;5=0 2 15A:>=5G=>ABL OA=>3> ?@>3@5B>3> 2>74CE0, <K ?@54GC2AB2C5< 8 =0H =587156=K9 >B;5B BC40, 2 1;065==CN 40;L. IV. 0:@5?;5=85 <0B5@80;0 5B8 @01>B0NB A B5:AB><. 1. >340 520 0@8O 2K@>A;0: 0) =0 >AB0;0AL ?@8 E@0<5; 1) 5 >1@CG8;8 AB0@FC >A8DC. , 2. 04>AB=CN 25ABL 525 0@88 A>>1I8;: 0) @E0=35; 02@88;; 1) A2OB>9 ?@>@>: A08O; 2) @E0=35; 8E08;. 3. @E0=35; A>>1I8; 525 0@88: 0) > B><, GB> C 55 A:>@> @>48BAO !K=; 1) > B><, GB> 9 A:>@> ?@845BAO C5E0BL 87 3>@>40; 2) > B><, GB> 9 =04> 2KH8BL 7025AC 2 E@0<5. 4. B25B 52K 0@88 0=35;C CG8B =0A: 0) ?@02482>AB8; 1) ?>A;CH0=8N; 2) A<8@5=8N. 1. C40 ?>A;5 O2;5=8O @E0=35;0 02@88;0 520 0@8O ?>H;0: 0) : !2>8< @>48B5;O<; 1) 2 5@CA0;8<A:89 E@0<; 124 !"+ #  2) : !2>59 40;L=59 @>4AB25==8F5 ;87025B5. 6. 7 A;>2 0=35;0 8 ;87025BK A>AB028;0AL <>;8B20: 0) BG5 =0H"; 1) &0@N 515A=K9; 2) >3>@>48F5 52>. 7. ;030O 25ABL ?>-3@5G5A:8 1C45B: 0) 20=35;85; 1) ;8BC@38O; 2)0;;8;C9O. 8. ;03>25I5=85 ?@074=CNB (?> =>2><C AB8;N); 0) 25 <0@B0; 1) 7 0?@5;O; 2) 7 <0O. B25BK: 1 - 1; 2 - 0; 3 - 0; 4 - 1, 2; 5 - 2; 6 - 2; 7 - 0; 8-6. V. >42545=85 8B>3>2 #.  :0:>< A>1KB88 <K A 20<8 3>2>@8;8?  G5< 53> A<KA;? 0:CN <>;8B2C <K A53>4=O C7=0;0? VI. ><0H=55 7040=85 #. ><0 ?>AB0@09B5AL 70?><=8BL <>;8B2C, 0 B0:65 A45;09B5 2 ?>40@>: CG5=8:0< <;04H8E :;0AA>2 ?B8G5: (8;8 =0@8AC9B5). .. ;N520 "5<0. !2OBK5 65=K-<8@>=>A8FK &5;8 C@>:0. >7=0:><8BL A >A=>2=K<8 A>1KB8O<8 ?@074=8:0; @0A:@KBL 53> A<KA;; @072820BL @5GL CG0I8EAO. %>4 C@>:0 I. !>>1I5=85 B5<K C@>:0 #G8B5;L. B>@>5 2>A:@5A5=L5 ?> 0AE5 - 545;O A2OBKE 65=-<8@>=>A8F. -B> ?@074=8: 2A5E ?@02>A;02=KE E@8AB80- (!2OBK5 65=K-<8@>=>A8FK 125 =>:.  MB>B 45=L <K ?>74@02;O5< 2A5E ?@02>A;02=KE 65=I8=: =0H8E <0<, 101CH5:, A5AB5@, CG8B5;L=8F. ! ?@074=8:>< A2OBKE 65=-<8@>=>A8F! 0209B5 2A?><=8<, :0:CN 3;C18=C 25@K, ;N128 8 ?@540==>AB8 !?0A8B5;N ?@>O28;8 A=OBK5 65=K-<8@>=>A8FK. <5==> >=8 ?> ?@>H5AB288 AC11>BK, 2 ?5@2K9 45=L =545;8, 2 ?@54@0AA25B=>9 B5<=>B5 A?5H8;8 A 0@><0B0<8 :> 3@>1C %@8AB0.  MB>B ?>4283 <8@>=>A8F, =5 ?>1>O2H8EAO AB@068 8 8C459A:8E AB0@59H8=, 1K; =03@0645= @04>ABLN - >=8 ?5@2K<8 C7=0;8, GB> %@8AB>A 2>A:@5A! II. 7CG5=85 =>2>3> <0B5@80;0 5B8 8A?>;=ONB ?5A=N 8@>=>A8FK (<C7K:0 ?@>B>85@5O . 5?5H8=A:>3>, AB8E8 . >@>45F:>3>). !>;=F5 ?;K;> 87-70 CB@5==59 75<;8, 8@>=>A8FK :> 3@>1C B8E> H;8, !:>@1L >25O;0 8E >1;0:>< A54K<. B> >B 3@>10 BO6:89 :0<5=L A428=5B 8<? @><0BK 45@60B 2 B@5?5B=KE @C:0E. K?;K205B A>;=F5 2 <54;5==KE ;CG0E. 70@O5B A>;=F5 B5<=K9, =87:89 2E>4. 0<=O =5B! B20;5= :0<5=L. =35; 645B. =35; 15;K9 =04 3@>1=8F59 >6L59 2AB0;, 8@>=>A8F0< 8A?C30==K< A:070;;.. - 5 8I8B5 8ACA0: = 2>A:@5A. = =0 =515 8 >?OBL A>945B A =515A. !;04:89 B@5?5B 8 2>AB>@3 5AB=8: GC40 87 A5@45F B5E 65= 8AB>@3. >1K70NB B:0=8 ?@074=K5 ?5;5=. !>;=F5 2A?;K;>.  =515 A25B;>< 25G=K9 72>=. #. <5=0 =5:>B>@KE 87 A2OBKE 65=-<8@>=>A8F A>E@0=8;> =0< !2OB>5 20=35;85, 2 G8A;5 8E A2OB0O 0@8O 0340;8=0... >43>B>2;5==K9 @515=>: G8B05B AB8E>B2>@5=85 . !>;>2L520 5=K-<8@>=>A8FK. !"+ #  126 "C<0= 8 70@O =04 75<;59 ?>;CA>==>9. > A:;>=0< B@8 65=I8=K H;8.  A <0A;>< O=B0@=K< :C2H8= 1;03>2>==K9 > 3@>1C >A?>4=N =5A;8. #;K1:>9 A25B;5NB AC@>2K5 40;8, >;NG85 B@02K 2 @>A5,  A25BK =515A =0 75<;5 70A25@:0;8  87381=>9 @5G=>9 ?>;>A5. "K ?5@2>N H;0 8 <>;8B2C H5?B0;0.  4CH5 B2>59 AB@0E 8 <5GB0. 0@O @073>@0;0AL, 70@O >15I0;0: !53>4=O C2848HL %@8AB0! "!:2>7L @>A=K5 A;57K, 2 BC<0=0E 70@8 O @>286C 45=L A25B;KE GC45A. @5<=8AB>9 B@>?>N 845HL BK, 0@8O, >;NG85 B@02K 8 A:0;K =0385 @>A=C;8AL 8 H5?GCB; >A:@5A! #. >A;5 >A:@5A5=8O %@8AB>20 A2OBK5 65=K-<8@>=>A8FK, ?>4>1=> 0?>AB>;0<, 1;87:8< CG5=8:0< %@8AB0, =5A;8 2 <8@ @04>AB=CN 25ABL > >A:@5A5=88 !?0A8B5;O. >B GB> @0AA:07K20NB ?@> B>. :0: A> A;>20<8 "%@8AB>A 2>A:@5A5! 1K;> ?>40@5=> ?5@2>5 ?0AE0;L=>5 O8G:>. 5B8 @07K3@K20NB AF5=:C C@>G:0 A FK?;OB0<8 (02B>@ B5:AB0 8 <C7K:8 . . !B5=NH8=0). C@>G:0. &K?, FK?, FK?, FK?, &K?, FK?, FK?, FK?... >4E>48B5,A>18@09B5AL  2>:@C3 @0A?>;0309B5AL, 0AA:06C O 20< A59G0A 0<5G0B5;L=K9 @0AA:07. &K?,FK?,FK?, FK?, &K?, FK?, FK?, FK?... >41530NB &K?;OB0, 2AB0NB ?>;C:@C3>< @O4>< A C@>G:>9. &K?;OB0. K O8G:8 =5A5<, A5< 2 ?>40@>: 8E 405<; !2OBK5 65=K-<8@>=>A8FK 5;K5-?@515;K5, @C3;K5 8 F5;K5. C@>G:0. &K?, FK?, FK?, FK?, &K?, FK?, FK?. FK?... 02=>, 402=> MB> 1K;>, @0101CH:0 3>2>@8;0, 0: 0@8O 0340;8=0 &0@N O9F> ?>40@8;0. &K?, FK?, FK?, FK?, &K?, FK?, FK?. FK?... &K?;OB0. => 1K;> 2A5 15;>, => 1K;> 2A5 :@C3;>. >4=>A8;0, ?>40@8;0, %@8AB>A 2>A:@5A5!  >2>@8;0. C@>G:0. &K?, FK?, FK?, FK?, &K?, FK?, FK?, FK?...  "815@89 ?@8=8<0;, ;;1 >40@>: =5 >B25@30;, >2>@8;, GB>,25@8BL 1C4C, A;8 A0< C286C GC4>. &K?, FK?, FK?,FK?, &K?, FK?, FK?, FK?... &K?;OB0. = O9F> 2 @C:0E 45@60;, !0< A A>1>N @07<KH;O;: CABL O8G:> ?>:@0A=55B   >A:@5A5=L5 >= ?>25@8B. C@>G:0. &K?, FK?, FK?, FK?, &K?, FK?, FK?, FK?... /9F> 1C4B> CA;KE0;>, ;K< F25B>< 70?K;0;> # "815@8O 2 @C:0E -#60A 1K; 2 53> 3;070E. &K?, FK?, FK?, FK?, &K?, FK?, FK?, FK?... &K?;OB0. >B B0: GC4>! >B B0: GC4>! !?>@8BL O A B>1>9 =5 1C4C. -B> GC4> 87 GC45A! %@8AB>A 2>8AB8=C 2>A:@5A! 128 !"+ #  C@>G:0. &K?, FK;, FK?, FK?, &K?, FK?, FK?, FK?... &K?;OB0. 04C9B5AL! %@8AB>A 2>A:@5A! #. ! ?5@2>E@8AB80=A:8E 2@5<5= A;C65=85 65=I8= 2 &5@:28 1K;> ?>G5B=K<: >=8 ?><>30;8 ?@8 E@0<0E, 701>B8;8AL > 4>1@>< 2>A?8B0=88 45B59, A8@>B, CE06820;8 70 1>;L=K<8. >42838 25@K 8 1;03>G5AB8O E@8AB80=>: 2K7K20;8 2>AE8I5=85 C O7KG=8:>2, >48= 87 :>B>@KE, CG8B5;L A2OB>3> >0==0 ;0B>CAB0, 2 ?>@K25 2>AB>@30 2>A:;8:=C;: 0:85 65=I8=K C E@8AB80=!.. !2OB0O &5@:>2L GB8B 2 ;8:5 A2OBKE <=>38E-<=>38E E@8AB80=A:8E 65=. E >1@07K <K 2848< =0 8:>=0E: A2OBK5 65=K-<8@>=>A8FK; A2OBK5 <CG5=8FK ?5@2KE 25:>2: 5@0, 045640, N1>2L 8 <0BL 8E !>D8O; A2OB0O 25;8:><CG5=8F0 :0B5@8=0, A2OB0O 25;8:><CG5=8F0 0@20@0, A2OB0O ?@5?>4>1=0O 0@8O 38?5BA:0O... 5B8 8A?>;=ONB ?5A=N 5@0. 045640, N1>2L" (<C7K:0 ?@>B>85@5O . 5?5H8=A:>3>, AB8E8 =58725AB=>3> 02B>@0). /@:> ;0<?04:0 3>@8B, 5B8 ?@8B8E;8, 8 2=>2L 01CH:0 4>1@0O 8< 3>2>@8B @> 5@C, 04564C, N1>2L.  2>7@0AB5 >B@>:>28F @8=O;8 <C:8 >=8. B> =5 2840; MB8E 0=35;LA:8E ;8F-5@K, 04564K, N128. 45 B>;L:> A8;K 1@0;8AL: KB:8, C3@>7K 8 :@>2L, ">;L:> >B >A?>40 =5 >B@5:;8AL 5@0, 045640, N1>2L. 0< =04>. 3@5H=K<, 27K20BL: >A?>48, 1;03>A;>28, 'B>1 =8:>340, =8:>340 =5 B5@OBL 5@K, 04564K, N128. 5B8 G8B0NB AB8E>B2>@5=8O > A2>8E =515A=KE ?>:@>28B5;L=8F0E 87 :=838 . !028=0 5AB=8F0-=515A=8F0. !2OBK5 65=K-<8@>=>AIK !2OBK5 <CG5=8FK 5@0, 045640, N1>2L 8 <0BL 8E !>D8O 4C A 8:>=:>N 87 E@0<0. !N65B 55 >G5=L ?@>AB: "@8 452>G:8, A =8<8 <0<0  '5B25@> 2 ?>;=K9 @>AB. >340-B> 452>G:8 2AB0;8 5@54 F0@5<-?0;0G><  70 %@8AB0 8E ?KB0;8,  ?>A;5 - :07=8;8 <5G><. B A;57 8AG570NB AB@>G:8, > O 8E G8B0N 2=>2L: 0<0 - !>D8O, 0 4>G:8 - 5@0, 045640, N1>2L. 04 :064>N =8<1 ;CG8BAO, # :064>9 2 @C:0E ?> :@5ABC, E, 5A;8 1 8 <=5 =0CG8BLAO 5@=>N 1KBL %@8ABC! @5?>4>1=0O 0@8O 38?5BA:0O  <>I0< 55 - A2OBK=5, @8?02, ?>4C<0; O:  A<>3 1K A0< 2 ?CABK=5 @>68BL O E>BL ?>;4=O?  ?>;<8=CBK =>GLN !C<5; 1K ?@>25AB8, " . 45 1@>4OB ;L2K 2>>G8N  7<58 =0 ?CB8?.. >4C<0; 8 >B25B8; >-G5AB=><C ?@8 20A: 5 =>GLN, 0 ?@8 A25B5 / 1 2K45@60; B0<... G0A! >, :0: 2 7040G5 =0 4><, 5 7=0N 0 >B25B:  :0: 68;0 >=0 B0< 5 G0A - 0 <=>3> ;5B? !2OB0O 25;8:><CG5=8F0 :0B5@8=0 # 0BNH8 8<5=8=K  45=L A2OB>9 :0B5@8=K. # =55 8725AB=0O 0ABC?=8F0 =515A=0O! !"+ #  180 &0@L =5 <>3 55 70AB028BL 5@C 2 >A?>40 >AB028BL 8 :>20@=K<8 @5G0<8,' 8 C60A=K<8 18G0<8...  B5?5@L >=0 - A2OB0O!  4>102;N =5A?@>AB0 O: "K <>;8AL 59, 0B5=L:0, 064K9 45=L - E>BL :@0B5=L:>! #. 5<0;> A2OBKE 65= 8 =0 CA8. =>385 @CAA:85 65=I8=K 2 :@5I5=88 =0@5G5=K 8<5=0<8 A2OBKE @CAA:8E :=O38=L, ?@5?>4>1=KE, ?@0254=KE. 5B8 G8B0NB AB8E>B2>@5=8O. !2OBK5 65=K CA8 5@60 A25B8;L=8:8 70665==K, (;8 4> :>=F0 =0 >689 3;0A !2OB>9 CA8 A2OBK5 65=K, ! 8:>= 3;O4OI85 =0 =0A. 02=>0?>AB>;L=0O ;L30 -5@2>C3>4=8F0 5A8, >=0E8=8, :=O6=K..., A:>;L:> !2OBKE 70ABC?=8F =0 CA8! 0:85 1C@8 8 <5B5;8 ~ N4A:CN 7028ABL, 3=52 8 7;>ABL <, > 4CH5. 0 =5 > B5;5 , 0452H8<, ?>B5@?5BL ?@8H;>AL!  4CE>2=>9 18B25 ?>@065==K9 @03 >BABC?0; >B =8E =5 @07. !2OB>9 CA8 A2OBK5 65=K, >;8B5 >A?>40 > =0A! 4=8 70 25@C 687=L >B40;8, @C385 - 2 ?>42835 A2OB><, "5@?5=L5< >3C C3>640;8, "@C4><, <>;8B2>N, ?>AB><. 3=>25=L5< ?@>=5A;8AL AB>;5BLO. >, =5 701K2 75<;8 @>4=>9, K 1K;8 A =5N 2 ;8E>;5BLO  ;>B:>< 2>4K 2 4CE>2=K9 7=>9.  =K=5, 2 25: =0H ?@>:065==K9, 5 A;CH0NI89 >689 ;0A, !2OBK5 65=K-<8@>=>A8FK !2OB>9 CA8 A2OBK5 65=K. >;8B5 >A?>40 > =0A1 !2OB0O @02=>0?>AB>;L=0O :=O38=O ;L30 =0 1K;0 B0:>9 ?@5:@0A=>9. 'B>, :@0A>B>9 55 ?;5=OAL,  =59 2>A?K;0; ;N1>2LN AB@0AB=>9  2 65=K 27O; 25;8:89 :=O7L! K;0 B0:>N C<=>9 ;L30, 'B> - E>BL 8AB>@8:0 A?@>A8! -7 2A5E :=O38=L 55 ;8HL B>;L:> @>720;8 C4@>9 =0 CA8! =0 1K;0 5I5 65AB>:0  ?@>;820;0 :@>2L 70 :@>2L, >:0 >A?>4L 2 <3=>25=L5 >:0 5 40; 59 25@C 8 ;N1>2L. @5AB82H8AL, ;L30 87<5=8;0AL , =5 B2>@O >B=K=5 7;0, > 2A59 CA8 4>1@>, 8 <8;>ABL,  !;>2> >685 =5A;0! @54284O, GB> ?@845BAO 2=C:C, @5ABO, 25AB8 =0A : 515A0<, 5 B0: <5GC, A54;C 8 ;C:C 3> CG8;0, :0: ?A0;<0<! ;048<8@ =5 701K; >1 MB><  CAL :@5AB8;!  ;L3C <K !@02=8< A 70@59 ?5@54 @0AA25B><, ! ?>4A=56=8:>< 2 :>=F5 78<K! !2OB0O 1;065==0O A5=8O 5B5@1C@3A:0O 4=064K 2 2>A:@5A5=85 0H;8 <K A <0<>9 2 E@0<.  24@C3 O 8<O A5=8O,. @54AB02LB5, A;KHC B0<! >B AB@0==>: 254L =5 4><0 O, 45 2AO <>O @>4=O. B> 720; <5=O - 7=0:><K5?  720;8... =5 <5=O! !2OB>9 <>;8;8AL A5=88. =0, A:070;8 <=5, - 045640 =0 A?0A5=85  ;N4O<, 8 AB@0=5. 132 !"+ #  8;0 >=0, 1;065==0O, "8E0,4>1@0, G8AB0, 0A<5H:8, C=865=8O "5@?O @048 %@8AB0.  A=53 8 4>648 >A5==85, 0 ?>;5, GB> =8 =>GL, >;8;0AL >3C A5=8O, 5;0O 2A5< ?><>GL! "5?5@L =025: 2 @0N >=0! >,3>2>@OB, 8 B0< !2OB0O, 25G=> N=0O A5 ?><>305B =0<.  O 254L - B>65 A5=8O!  ;N48, :0: @>4=O, "5?;59, G5< A 4=5< @>645=8O, >74@028;8 <5=O!  4;O B>3>, GB>1 ?0<OB=59 5=L 0=35;0 B>B 1K;, 0H 10BNH:0 =0 ?0<OBL <=5 :>=:C ?>40@8;. ! B>3> 65 2>A:@5A5=8O :>=:0 - =0 AB5=5... >;8, A2OB0O A5=8O, "K >30 >1> <=5! - K G8B0;8 AB8E>B2>@5=8O > A2OBKE 65=0E, 0 254L 5ABL <=>3> AB8E>B2>@5=89, ?>A2OI5==KE ?@>ABK< 65=I8=0< -<0<0<, 101CH:0<. 5B8 G8B0NB 7=0:><K5 8< AB8E>B2>@5=8O >AO:>20. ;038=8=>9 8 4@C38E 02B>@>2. - 0: B@C4=> 687=5==>5 A;C65=85 65=I8=K: 65=K, E>7O9:8, <0<K, 101CH:8, CG8B5;L=8FK... K ?>74@02;O5< 2A5E 20A, 4>@>385 =0H8 1;87:85!  >15I05< 40@8BL 20< =0HC ;N1>2L, ?>A;CH0=85 8 1;03>40@=>ABL. 5B8 40@OB 3>ABO< A0<>45;L=K5 ?>40@:8 8 ?@83;0H0NB 2A5E =0 ?@074=8G=>5 G05?8B85. . >B0?>2A:0O 133 5;8:><CG5=8: 5>@389 >154>=>A5F "5<0. 5;8:><CG5=8: 5>@389 >154>=>A5F &5;8 C@>:0. >7=0:><8BL A >A=>2=K<8 A>1KB8O<8! ?@074=8:0; @0A:@KBL 53> A<KA;; @072820BL @5GL CG0I8EAO. %>4 C@>:0 I. !>>1I5=85 B5<K C@>:0 #G8B5;L. =>385 87 20A, @51OB0, C65 1K20;8 2 E'@0<5 >68-5< 8 2845;8 B0< <=>65AB2> 8:>=: 87>1@065=88 !?0A8B5;O, >3>@>48FK, A2OBKE C3>4=8:>2 >688E. 0 =0H5 A53>4=OH=55 70=OB85 <K ?@8=5A;8 8:>=C >4=>3> 87 A0<KE ?>G8B05<KE A2OBKE @02>A;02=>9 &5@:28. '0I5 2A53> 87>1@060NB MB>3> A2OB>3> 2 2>8=A:>< A=0@O65=88, 25@E>< =0 15;>< :>=5, A :>?L5<, C1820NI8< 4@0:>=0. 5@E>< =0 :>=5, ?>4 :>?KB>< - 4@0:>=, >?L5 2>=705BAO 2 ?0ABL! 0 ?><>IL A?5H8B A>3@5H0NI8< >=  B5<, :B> 2 3@5E <>65B 2?0ABL! >65B 1KBL, :B>-B> 87 20A 7=05B 8<O MB>3> A2OB>3> 2>8=0? 5B8. -B> 5>@389 >154>=>A5F. II. 7CG5=85 =>2>3> <0B5@80;0 #. 8; >= >G5=L 402=>, 2 III 25:5, 2 40;5:>9 N6=>9 AB@0=5. >8=>< >= 1K; E@01@K< 8 <C65AB25==K<, 70 GB> 5I5 >G5=L <>;>4K< ?>AB02;5= 1K; 2 2>5=0G0;L=8:8. 4=064K, CA;KH02 2 AC48;8I5 ?@83>2>@ 7;>3> 8<?5@0B>@0 > :07=8 E@8AB80= (B> 1K;8 2@5<5=0, :>340 ;N459 3=0;8 8 :07=8;8 70 25@C), 70O28; 5>@389 ?5@54 8<?5@0B>@><, GB> B>65 25@8B 2 %@8AB0. >8= B0: 70I8I0; A2>N 25@C, GB> 4065 65=0 8<?5@0B>@0, F0@8F0 ;5:A0=4@0, ?@8=O;0 E@8AB80=AB2>. !2OB>9 5>@389 <C65AB25==> ?5@5=5A ?KB:8 8 <CG5=8O, =0 :>B>@K5 >1@5:;8 53> O7KG=8:8.  15AA8;L=>9 O@>AB8 70AB028BL A2OB>3> >B:070BLAO >B 25@K 8<?5@0B>@ ?>25;5; CA5GL 53> 3>;>2C <5G><. !2OB>9 5>@389 AB0; A8<2>;>< 4>1@0, ?>15640NI53> 7;>, 8 2>8=A:>9 4>1;5AB8. >A;5 A2>59 :>=G8=K G0AB> O2;O;AO >= 134 !"+ #  E@8AB80=0< 2 .?><>IL =0 ?>;5 18B2K 70 25@C, F0@O 8 B5G5AB2>. >MB><C !2OB0O &5@:>2L 874@52;5 AB0;0 =07K20BL 53> >154>=>AF5< 4;O ?@02>A;02=>3> 2>8=AB20. .  :0: 65 ?>1540 =04 4@0:>=><? >;CG05BAO 254L, GB> ?@8 687=8 A2>59 2>8= 5>@389 4@0:>=0 =5 C1820; 8 4065 =0 :>=5 =5 5748;, B0: :0: A;C68; 2 ?5H5< 2>9A:5? #. >25AB2>20=85 > ?>1545 25;8:><CG5=8:0 5>@38O =04 7<85< :0: @07 8 >B=>A8BAO; GC45A=>9 ?><>I8 MB>3> A2OB>3> ;N4O< C65 ?>A;5 53> :>=G8=K.  =0< 2 3>AB8 ?@8H;8 A53>4=O CG5=8:8 2>A:@5A=>9 H:>;K, >=8 @0AA:06CB 8 ?>:06CB =0G MBC 8=B5@5A=CN 8AB>@8N > ?>1545 A2OB>3> 5>@38O >154>=>AF0 =04 4@0:>=><. 5B8 @07K3@K20NB @0AA:07 ''C4> A2OB>3> 5>@38O > 7<85. 59AB2CNI85 ;8F0 0AA:07G8:8. (6 G5;>25:; . 520. >8=. 0AA:07G8: 1. C40 MB> 2>8=-:@0A025F  ?;0I5, A;>2=> 2 0;>< >3=5, 0: ?B8F0 75<;8 =5 :0A0OAL, 5A5BAO =0 15;>< :>=5? 4>;L 3@>7=> 3@5<OI53> <>@O, 45 20; 70:8?0NI89 :@CB, 54>;>3 1K; ?CBL 53>, 2A:>@5 #2845; >= A;02=K9 59@CB. K; 3>@>4 :@0A82 =5A:070==>, 0: A04 75;5=5;, 0 240;8, 0 >75@><, 3>@K 820=0 "AB020;8, 8 :54@K @>A;8.  A>;=F5 ?;>4K 7>;>B8;> > @>I0< 8A:CA=>9 @C:>9... > GB>-B> ?5G0;L=>5 1K;>  AB@0=5 87>18;L=>9 B0:>9. 0AA:07G8: 2. 8 3>;>A0 ?B8FK, =8 725@O, 8 4065 <KG0=LO 2>;0... 57;N4L5... 0:@KBK 2A5 425@8 560I53> @O4>< A5;0... 5;8:><CG5=8: 5>@389 >154>=>A5F > 2>7;5 <>3CG53> 4@520, 45 >75@0 ?;5I5B 2>;=0, " !B>8B >48=>:0O 4520,  3>@L:> @K405B >=0.  2>B ?>4J57605B : =59 2>8= 0 15;>< :>=5 8 A :>?L5<,  27>@ 53> 4>1@ 8 A?>:>5=,  =510 A8O=85 2 =5<. = <G0;AO AN40 ?> 4>@>30< 0: >6L8E A25@H8B5;L GC45A,  2A5 C65 7=0O, 254L >3>< = ?>A;0= 1K; ?@O<> A =515A. 0: >6L5<C GC4C =5 A1KBLAO? B> >30 A8;L=55?  2A5 6  G5< BK B0: ?;0G5HL, 4528F0,-!?@>A8; >=, - :>3> BK 745AL 645HL?" 520.  N=>H0, 2>8= >B206=K9! 825B 2 MB>< >75@5 7<59 -C18B5;L 65AB>:89 8 AB@0H=K9, !B@0=K @07>@8B5;L <>59. KE0=L5 53> O4>28B>,  A8;0 53> 25;8:0! !:>@55 >BAN40 1538 BK, 5 2KH5; 3C18B5;L ?>:0! 0: 25;5=> 1K;> 1>30<8, - @03C, GB> =5 AKI5HL ;NB59, BFK 745AL A2>8<8 @C:0<8 A5E >B40;8 2 ?8IC 45B59... / F0@A:0O 4>GL, => =0AB0;0 "5?5@L 8 <>O G5@540... >B, 2>8=, > G5< O @K40;0. 538 65! @>I09 =02A5340! >8=. @8AB0;> ;8 E@8AB80=8=C-><C-B> 2 1545 =5 ?><>GL?  =5B, O B51O =5 ?>:8=C. 5 ?;0GL 65, > F0@A:0O 4>GL! 0 7<8O, 3C18B5;O 7;>3>, 0:, 2?@>G5<, =0 2AO:>5 7;>, @C685 - 8<O %@8AB>2>, 'B> A25B 2 MB>B <8@ ?@8=5A;>! !"+ #  0AA:07G8: 3. 4@C3 A HC<>< 2>40 701C@;8;0,  ?5=0 2A:8?5;0 =0 =59 - 2K;57, AB@0H=59 :@>:>48;0, 3@><=K9 G5HC9G0BK9 7<59. >E=C; - 8 >1C3;8;8AL B@02K, >6CE;0 =0 4C15 ;8AB20,  ?B8F0 >B MB>9 >B@02K #?0;0 =0 05<;N <5@B20. 7@525; >= 8 A45;0;AO 2KH5,  E2>AB 5I5 2 >75@5 1K; -> 2>B >= 8 25AL C65 2KH5;  ?0ABL =0 F0@52=C @0A:@K;... 0AA:07G8: 4. 5>@389 65 ?5@5:@5AB8;AO, @>A;0282H8 >A?>40 A8;, 0 7<8O, :0: 28E@L, CAB@5<8;AO  2 3>@;> 53> ?>@078;.  45<>=K 2K@20;8AL A 2>5< !:2>7L AB@0H=K5 7<8O CAB0; #E>48<, CE>48< <K, 2>8=, B206=K9 ?>A;0==8: %@8AB0!  B>BG0A, :>340 8E =5 AB0;>, 0: A<>;:;8 8 8E 3>;>A0, !B@0H8;8I5 1C4B> >?0;>  AB0;> =5 1>;55 ?A0. 0AA:07G8: 5. 5<0;> ?@8H;>AL ?>4828BLAO  GC45 25;8:>< B0:>< 5 B>;L:> A?0A5==>9 4528F5, > :064><C 2 3>@>45 B><! .B:@KBK 2>@>B0 59@CB0, ;O48B 87C<;5==K9 =0@>4, 0:. ?>OA>< 7<8O >?CB02, !N40 53> 4520 2545B.  :0: 1K 75<;8 =5 :0A0OAL,  ?;0I5, A;>2=> 2 0;>< >3=5, 0 =59 545B 2>8=-:@0A025F 0 15;>< ?@5:@0A=>< :>=5. >8=. 0459B5AL =0 >30, > ;N48!  >A:;8:=C; >=. - >3 =0H - %@8AB>A! 0< @04>ABL 2 A53>4=OH=5< GC45  25@C 2 53> O ?@8=5A! 5;8:><CG5==8: 5>@389 >154>=>A5F 137 / <CG5=8:, ?>A;0==K9 A 510 B 84>;>2 20A >B2@0B8BL, @8=5A 20< 515A=>3> E;510, 'B>1 @048 A?0A5=LO 20< 68BL! ' 0AA:07G8: 6.  2A04=8:C ;N48 2=8<0;8,  7<89 1K; C18B 8 A>665=.  :0?8I5 BCB 65 A;><0;8, A5 AB0BC8 2K1@>A82 2>=. !2OI5==8:8 ?@8720=K 1K;8 =8 65, <>;8B2K B2>@O,  >75@=>9 2>45 >:@5AB8;8 0@>4 25AL, 8 ?5@2K< - F0@O. @8=O2H8 25;8:CN <8;>ABL B >30, AB@0=0 MB0 24@C3, 0: 1C4B> 25A=>9, >6828;0AL,  2A5 2 =59 70?5;> 2>:@C3... ;8AB0O ;8AB2>9 87C<@C4=>9, 0G0; 4C1 25@H8=>9 A2>59,  >A?>40 ?5A5=:>9 GC4=>9 0 =5< 2>A?520; A>;>259. #G0AB=8:8 8=AF5=8@>2:8 8A?>;=ONB ?5A=N >A?>40 ?>9B5 (A;>20 . !>;>4>2=8:>20, <C7K:0 ?@>B>85@5O . 5?5H82A:>3>, 0@0=68@>2:0 . >=G0@>20). !5@4F5 25A=5 >B:@>9B5, >A:@5A;8 ;5A0 8 @5:8. >A?>40 ?>9B5  ?@52>7=>A8B5 2> 2AO 25:8! 0: ?0E=5B C65 ;8AB2>9-B>, @8@>40 >B:@K;0 25:8. >A?>40 ?>9B5  ?@52>7=>A8B5 2> 2AO 25:8! C:CH:0 ?>5B 40;Q:> 0 3C;:>9 ;5A=>9 ?@>A5:5. >A?>40 ?>9B5  ?@52>7=>A8B5 2> 2AO 25:8! "@5?5B 2>7=8: :0:>9-B>  2 B@02:5, 8 2 G5;>25:5. >A?>40 ?>9B5  ?@52>7=>A8B5 2> 2AO 25:8! . >B0?>2A:0O 138 !"+ #  "5<0. 5=L >154K &5;8. C@>:0. >7=0:><8BL A B>G:>9 7@5=8O @02>A;02=>9 &5@:28 20 2>9=C; ?><>GL C2845BL 2 A>1KB8OE >689 @><KA;? 2>A?8BK20BL ;N1>2L : >48=5. %>4 C@>:0 I. !>>1I5=85 B5<K C@>:0 #G8B5;L. !53>4=O <K ?>3>2>@8< > 5;8:>9 B5G5AB25==>9 2>9=5. 'B> 2K > =59 7=05B5? 5B8. 0H0 AB@0=0 2>520;0 A D0H8ABA:>9 5@<0=859. #. >G5<C MBC 2>9=C <K =07K205< 5;8:>9? . -B0 2>9=0 ?@>4>;60;0AL 1418 4=59: A 22 8N=O 1941 3>40 ?> 9 <0O 1945 3>40. 0 ?>154C =04 2@03>< =0H =0@>4 70?;0B8; 4>@>3>9 F5=>9 - 2 2>9=5 ?>381;8 20 <8;;8>=>2 =0H8E ;N459. #. >G5<C 2>9=C =0720;8 B5G5AB25==>9? . 0H =0@>4 2 MB>9 2>9=5 70I8I0; A2>N >48=C, A2>5 B5G5AB2>. II. !>>1I5=85 =>2>3> <0B5@80;0 #. 0: 2K 4C<05B5, :0: >B=>A8BAO @02>A;02=0O &5@:>2L : 2>9=5? 0: 4>;65= 25AB8 A51O ?@02>A;02=K9 G5;>25:, 5A;8 =0G=5BAO 2>9=0? 5B8 >B25G0NB. =5=8O 45B59 @0745;ONBAO =0 425 3@C??K. 4=8 3>2>@OB, GB> =0 2>9=5 =04> C1820BL, 0 C1820BL - MB> 3@5E 8, A;54>20B5;L=>, ?@02>A;02=K9 G5;>25: =5 4>;65= 2>520BL. @C385 3>2>@OB, GB> 4>;3 ?@02>A;02=>3> G5;>25:0  70I8I0BL A2>N >48=C.  5;L7O ?@8@02=820BL : ?@5ABC?=><C C189AB2C A@065=85 70 A2>N AB@0=C =0 2>9=5. >8= 3>B>2 ?> 70?>2548 %@8AB>2>9 ?>;>68BL 4CHC (>B40BL 687=L) A2>N 70 4@C759 A2>8E, 4;O 70I8BK 25@K 8 B5G5AB20. !@548 ?@02>A;02=KE A2OBKE 1K;> <=>3> 2>8=>2. 07>28B5 A2OBKE 2>8=>2. . !2OB>9 1;03>25@=K9 :=O7L 8<8B@89 >=A:>9, A2OB>9 ;5:A0=4@ 52A:89, A2OB>9 5>@389 >154>=>A5F, A2OB>9 >0== >8=. #. 0AA:068B5, GB> 2K 7=05B5 > =8E, '5B8 >B25G0NB. 5=L >154K 139 - 0: <K <>65< C7=0BL > :0:><-;81> 45;5, 1>3>C3>4=>5 ;= >=>? . A;8 45;> E>@>H55, B> >A?>4L ?><>65B =0< 53> 2K?>;=8BL. #. ">, GB> 2> 2@5<O 2>9=K >A?>4L 1K; =0 =0H59 AB>@>=5, 4>:07K205B 3> GC45A=0O ?><>IL 8 ?><>IL >6859 0B5@8. >340 =0G0;0AL 2>9=0, ?0B@80@E =B8>E89A:89 AB0; <>;8BLAO > A?0A5=88 =0H59 AB@0=K. <C O28;0AL >68O 0B5@L 8 A:070;0, GB> 4;O A?0A5=8O >AA88 4>;6=K >B:@KBLAO F5@:28 8 <>=0ABK@8, :>B>@K5 2 A>25BA:>5 2@5<O 1K;8 70:@KBK, 0 B0:65 =04> >1=5AB8 :@5AB=K< E>4>< 070=A:CN 8:>=C >6859 0B5@8 2>:@C3 5=8=3@040 8 4@C38E 3>@>4>2. "0: 8 ?>ABC?8;8, 8 B>340 =0H0 0@<8O ?>1548;0. !>E@0=8;8AL @0AA:07K > GC45A=KE O2;5=8OE >6859 0B5@8 =0 C@A:>9 4C35, 2 !B0;8=3@045, 2 5=83A15@35. >B GB> @0AA:07K20; >D8F5@ > 18B25 70 5=83A15@3: 0H8 2>9A:0 C65 A>2A5< 2K4>E;8AL... 4@C3 2848<: ?@85E0; :><0=4CNI89 D@>=B>< 8 A =8< A2OI5==8:8 A 8:>=0<8... !2OI5==8:8 >BA;C68;8 <>;515= 8 ?>H;8 : ?5@54>2>9 A 8:>=>9. K A =54>C<5=85< A<>B@5;8, :C40 >=8 84CB. E 65 2A5E ?5@51LNB...  24@C3 AB@5;L10 A =5<5F:>9 AB>@>=K ?@5:@0B8;0AL. ">340 =0H8 2>9A:0 =0G0;8 HBC@< 3>@>40. 0: ?>B>< @0AA:07K20;8 ?;5==K5, ?5@54 A0<K< HBC@<>< 2 =515 ?>O28;0AL >68O 0B5@L, 8 C 2A5E =5<F52 >B:070;> >@C685... ">340-B> =0H8 2>9A:0 8 27O;8 3>@>4. K C7=0;8, GB> 2> 2@5<O 2>9=K >A?>4L ?><>30; =0H8< 2>9A:0< ?>1548BL. > >3 ?><>30; =5 B>;L:> 2>8=0<, => 8 >1KG=K< ;N4O<. > <=>38E A5<LOE A>E@0=8;8AL @0AA:07K > GC45A=>9 ?><>I8. 725AB5= A;CG09, :>340 >3>@>48F0 O28;0AL =0 :@0N ?@>?0AB8 8 MB8< A?0A;0 3@C7>28: A 45BL<8 >B ?045=8O.  ;>:04=>9 :=835 "08A8O 0A8;L52=0 5I0=:8-=0 2A?><8=05B, :0: >=0 <>;8;0AL: ">A?>48! >H;8 <=5, GB>1K O 4> CB@0 4>68;0, GB>1K @515=>: <5=O =5 C2845; <5@B2CN. >B>< 55 2>7L<CB 2 45BA:>5 CG@5645=85, 0 2>B GB>1K >=0 <5@B2>9 =5 C2845;0.  >A?>4L ?><>3! #B@>< MB0 65=I8=0 =0H;0 =0 :CE=5 3>@>H8=K 8 H5;CEC >B :0@B>H:8 - 8 B0: A?0A;0AL.  A0<K5 B@C4=K5 2@5<5=0 >3 ?>AK;0; =0 ?><>IL ;N4O< 35@>52. B> B0:85 35@>8? . !<5;K5, A8;L=K5 ;N48. 140 !"+ #  #. 5@>9 A>25@H05B B>;L:> 4>1@K5 45;0. >B 2 G5< @07=8F0 <564C >1KG=K< A<5;K< 8 A8;L=K< G5;>25:>< 8 35@>5<: 35@>9 G8AB A5@4F5<, >= > A515 =5 4C<05B. = A2>N A8;C 4CE0, A2>9 C< >B405B =0 A;C65=85 A2>5<C =0@>4C. 0AA:068B5 > 35@>OE 5;8:>9 B5G5AB25==>9 2>9=K. 0@0=55 ?>43>B>2;5==K5 45B8 45;0NB 4>:;04K > 35@>OE 5;8:>9 B5G5AB25==>9 2>9=K. . 23 8N;O 1942 3>40 =5<5F:0O 0@<8O =0G0;0 =0ABC?;5=85, 1K; 40= ?@8:07 70E20B8BL ?5@5?@02C G5@57 >= 8 ?@>@20BLAO : >;35. > =5 B0:-B> ?@>AB> 1K;> MB> A45;0BL. 0H8 2>9A:0 =8 70 GB> =5 E>B5;8 ?@>?CAB8BL =5<F52 : 3>@>4C. :>;> AB0=8FK ;5BA:>9 G5BK@5 1@>=51>9I8:0 - 5B@ >;>B>, @83>@89 !0<>9;>2, ;5:A0=4@ 5;8:>2 8 20= ;59=8:>2 - >AB0=>28;8 30 B0=:>2: >=8 C=8GB>68;8 15 B0=:>2, 0 >AB0;L=K5 =5<FK 8A?C30;8AL 8 ?>25@=C;8 =0704. - / @0AA:06C ?@> 33 1>30BK@59 ?>4 !B0;8=3@04><. "0: ?@>720;8 33 >B206=KE A>;40B, :>B>@K5 70I8I0;8 206=CN 2KA>BC. >?0;8 1>9FK 2 >:@C65=85. > =5 4@>3=C;8 A<5;LG0:8, 27 B0=:>2 ?>418;8 2 1>N 35@>8. #=8GB>68;8 150 D0H8AB>2. >=G8;8AL 1>5?@8?0AK. @>@20;8AL A>;40BK A:2>7L >:@C65=85. A5 >:070;8AL F5;K, 2A5 =52@548<K. - 0I8I0O >A:2C >B 2>74CH=KE =0;5B>2, A>25@H8; A2>9 ?@>A;02;5==K9 ?>4283 ;5BG8:-<>A:28G, <;04H89 ;59B5=0=B 8:B>@ "0;0;8E8=. 01;N40B5;8 >1=0@C68;8 ?@81;860NI89AO : >A:25 D0H8ABA:89 1><10@48@>2I8:. ;04H89 ;59B5=0=B "0;0;8E8= ?>;CG8; ?@8:07 C=8GB>68BL 2@030. 5A:>;L:> @07 0B0:>20; "0;0;8E8= A0<>;5B ?@>B82=8:0, =>, 284=>, >?KB=K9 0A ?>?0;AO. 5BG8: @0AAB@5;O; 2A5 ?0B@>=K. >425; B>340 >= A2>N <0H8=C : E2>ABC D0H8ABA:>3> A0<>;5B0, =060; =0 @KG038, 40; ?>;=K9 307 8 A> 2A59 A8;>9 2@570;AO 2 A0<>;5B ?@>B82=8:0. A?KE=C; 1><10@48@>2I8:, :0: D0:5;. 8 @CE=C; 2=87.  8:B>@ "0;0;8E8= ?@K3=C; A ?0@0HNB>< 8 1;03>?>;CG=> ?@875<;8;AO. -B> 1K; ?5@2K9 =>G=>9 B0@0=. #. >A;CH09B5 >B@K2>: 87 ;>:04=>9 :=838 8 A:068B5, <>6=> ;8 =0720BL 35@>8=59 =57=0:><CN 65=I8=C. 0AB>OI59 B@0354859 1K;0 ?>B5@O :0@B>G5:. A>15==> 5A;8 2 =0G0;5 <5AOF0 8 >A>15==> 5A;8 :0@B>G5: ;8H0;0AL 2AO A5<LO. >B5@O2H89 8E <>3 AG8B0BL A51O C189F59 2A59 A5<L8. / :@8:- 5=L >154K 141 =C;0 B0:, GB> >AB0=>28;AO B@0<209, - 2A?><8=05B ==0 8:B>@>2=0 C7L<8=0. - C:0 25@=C;0AL : :0@<0=C, 0 B0< - =8 :0@<0=0, =8 :0@B>G5:...^ @8: 1K; B0:>9, GB> >AB0=>28;AO B@0<209, ?>4>H;0 :0:0O-B> 65=I8=0, ?@54;>68;0 5E0BL A =5N. =0-B>, =57=0:><0O 65=I8=0 87 AB>;>2>9, 8 ?>4:>@<8;0 G5~ BK@=04F0B8;5B=NN =N, 55 A5AB@5=:C 8 <0BL =5A:>;L:> :@8B8G5A:8E 4=59 :0:8<8-B> >AB0B:0<8 I59, :0:8<8-B> :@>E0<8. >6=> ;8 =0720BL MBC 65=I8=C 35@>8=59? . 0. #. >G5<C, 254L >=0 =5 1K;0 A<5;>9 8 A8;L=>9? : . =0 =0:>@<8;0 ;N459, E>BO A0<0 1K;0 3>;>4=>9. =0 ?>ABC?8;0 ?> >6859 70?>2548: 701>B8;0AL 1>;LH5 > 4@C38E, G5< > A515. -BC 65=I8=C ?>A;0; =8=>9 A5<L5 >A?>4L 8 MB8< A?0A 8E >B A<5@B8. #. @82548B5 ?@8<5@K, :>340 35@>O<8 AB0=>28;8AL >1KG=K5 ;N48. . ;5:A0=4@0 @83>@L52=0 C7=5F>20 2> 2@5<O 2>9=K @07>1@0;0 A2>9 4>< 4;O B>3>, GB>1K ?>AB@>8BL 87 =53> <>AB. - 4=0 65=I8=0 2> 2@5<O 1;>:04K 257;0 A0=>G:8 A ?@>4C:B0<8, >=0 2K18;0AL 87 A8; 8 =5 <>3;0 40;LH5 84B8, 8 24@C3 : =59 ?>4>H;0 =57=0:><0O 65=I8=0 8 ?>4E20B8;0 A0=8. !;010O 65=I8=0 1@>A8;0AL 70 =59, => =5 A<>3;0 4>3=0BL. @>?0;8 <>8 ?@>4C:BK... - 4C<0;0 >=0. > >:>;>' 4><0 AB>O;8 55 A0=:8, 8 =8G53> A =8E =5 ?@>?0;>. #. >:068B5, GB> MB> 1K;8 35@>8G5A:85 ?>ABC?:8. . ;5:A0=4@0 @83>@L52=0 ?>65@B2>20;0 A2>8< 74>@>2L5< 8 74>@>2L5< A2>53> AK=0 4;O B>3>, GB>1K ?><>GL =0H59 0@<88. - 57=0:><0O 65=I8=0 87 2B>@>9 8AB>@88 15A:>@KAB=> ?><>3;0, E>BO A0<0 1K;0 3>;>4=0O, 8 4065 =8G53> =5 27O;0 A515. #. !53>4=O =0 C@>:5 2K CA;KH0;8 > @07=KE ;N4OE.  :0: 2K 4C<05B5, 2>9=0 2;8O5B =0 G5;>25:0? 0:? . > 2@5<O 2>9=K G5;>25: <>65B 87<5=8BLAO 2 ?;>ECN 8;8 E>@>HCN AB>@>=C. B>-B> 1C45B 4C<0BL, GB> 5A;8 =0 :064>< H03C ?>4AB5@5305B A<5@BL, B> =0ABC?8B E0>A 8 <>6=> 45;0BL GB> C3>4=> 157=0:070==>. #. C45B ;8 B0: ?>ABC?0BL =0AB>OI89 E@8AB80=8=? >G5<C? . 5B, ?@02>A;02=K9 G5;>25: 1C45B AB0@0BLAO ?>ABC?0BL ?> 70?>254O< >688<, 0 5A;8 A>3@5H8B, B> ?>B>< 1C45B @0A:0820BLAO 2 ?;>E>< ?>ABC?:5, 254L >= 7=05B: :@><5 75<=>3> AC40, 5ABL 5I5 >689 AC4. 142 !"+ #  #. K A:070;8, G5;>25: <>65B, =0 2>9=5 87<5=8BLAO 8 2 ;CGHCN AB>@>=C. 'B> 2K 8<5;8 2 284C? . 5@54 ;8F>< A<5@B8 G5;>25: <>65B C25@>20BL 2 >30. #. >A;CH09B5 AB8E>B2>@5=85, :>B>@>5 1K;> =0945=> 2 H8=5;8 ?>381H53> @CAA:>3> A>;40B0. >A;CH09, >3... I5 =8 @07C 2 687=8 ! ">1>9 =5 3>2>@8; O, => A53>4=O =5 E>G5BAO ?@825BAB2>20BL "51O, "K 7=05HL, A 45BA:8E ;5B <=5 3>2>@8;8, 'B> =5B "51O, 8 O, 4C@0:, ?>25@8;. "2>8E O =8:>340 =5 A>75@F0; B2>@5=89.  2>B A53>4=O =>GLN O A<>B@5; 7 :@0B5@0, GB> 2K18;0 3@0=0B0, 0 =51> 72574=>5, GB> 1K;> =04> <=>9. / ?>=O; 24@C3, ;N1COAL <8@>740=L5<, 0:8< 65AB>:8< <>65B 1KBL >1<0=. 5 7=0N, >65, 40HL ;8 "K <=5 @C:C, > O "515 A:06C, 8 "K <5=O ?>9<5HL: 5 AB@0==> ;L, GB> A@54L C60A0NI53> 040 =5 24@C3 >B:@K;AO A25B 8 O C7=0; "51O?  :@><5 MB>3>, <=5 =5G53> A:070BL, >B B>;L:>, GB> O @04, GB> O "51O C7=0;. 0 ?>;=>GL <K =07=0G5=K 2 0B0:C. > <=5 =5 AB@0H=>: "K =0 =0A 3;O48HL... !83=0;. C GB> 6? / 4>;65= >B?@02;OBLAO. =5 1K;> E>@>H> A ">1>9. I5 E>GC A:070BL, 'B>, :0: "K 7=05HL, 18B20 1C45B 7;0O , <>65B, =>GLN 65 : "515 O ?>ABCGCAL,  2>B, E>BL 4> A8E ?>@ "515 O =5 1K; 4@C3><, >72>;8HL ;8 "K <=5 2>9B8, :>340 ?@84C?. >, :065BAO, O ?;0GC. >65 <>9. "K 2848HL: !> <=>9 A;CG8;>AL B>, GB> =K=G5 O ?@>7@5;, @>I09, <>9 >3, 84C1  2@O4 ;8 C6 25@=CAL, 0: AB@0==>, => B5?5@L O A<5@B8 =5 1>NAL. 0:85 GC2AB20 2K720;> C 20A MB> AB8E>B2>@5=85? 5B8 >B25G0NB. - 0: 2K 4C<05B5, ?>G5<C A>;40B B5?5@L =5 1>8BAO A<5@B8? . !>;40B ?>25@8; 2 >30, 0 7=0G8B, >= C7=0;, GB> 5ABL 687=L 25G=0O. !>H5AB285 !2OB>3> CE0 143 III. >42545=85 8B>3>2 #.  :0:>< A>1KB88 87 8AB>@88 =0H59 AB@0=K <K A53>4=O 3>2>@8;8? 0: >B=>A8BAO @02>A;02=0O &5@:>2L : 2>9=0<? >G5<C? 0: >A?>4L ?><>30; =0< 2 5;8:>9 B5G5AB25==>9 2>9=5? 0: 2>9=0 <5=O5B G5;>25:0? VI. ><0H=55 7040=85 #. ><0 @0AA?@>A8B5 @>4=KE 8;8 =0948B5 2 :=830E ?@8<5@K GC45A=>9 ?><>I8 2> 2@5<O 5;8:>9 B5G5AB25==>9 2>9=K. .. ;N520 "5<0. !>H5AB285 !2OB>3> CE0 &5;K C@>:0. !>>1I8BL > A>1KB8OE, A2O70==KE A ?@074=8:><; ?>2B>@8BL ?@>945==K9 <0B5@80;; @072820BL @5GL, ?0<OBL, <KH;5=85; 2>A?8BK20BL =@02AB25==K5 :0G5AB20 C 45B59. %>4 C@>:0 I. @30=870F8>==K9 <><5=B II. !>>1I5=85 F5;59 C@>:0 #G8B5;L. !53>4=O <K ?>3>2>@8< > ?@074=8:5, :>B>@K9 ?@074=C5BAO =0 ?OB845AOBK9 45=L ?>A;5 0AE8. B> 7=05B, :0: =07K205BAO MB>B ?@074=8:? 5B8. 5=L A>H5AB28O !2OB>3> CE0, 8;8 "@>8F0. #. -B>B 45=L =07K20NB 4=5< @>645=8O &5@:28.  ?>G5<C 53> B0: =07K20NB 8 GB> A;CG8;>AL 2 MB>B 45=L. 2K C7=05B5 =0 A53>4=OH=5< C@>:5. III. >2B>@5=85 #. A?><=8B5, GB> ?@>87>H;> ?>A;5 2>A:@5A5=8O 8ACA0 %@8AB0. . >A;5 0AE8 >A?>4L 2 B5G5=85 A>@>:0 4=59 <=>3> @07 O2;O;AO CG5=8:0< !2>8< 8 CG8; 8E, :0: 8< 68BL ?>A;5 3> 2>7=5A5=8O =0 =51>. - 0 A>@>:>2>9 45=L 8ACA %@8AB>A A> !2>8<8 CG5=8:0<8 ?>4=O;AO =0 3>@C ;5>=. "0< = 4>;3> 3>2>@8; A =8<8, 1;03>A;>28; 8E 8 A:070;, GB> >=8 1C4CB ?> 2A5<C <8@C ?@>?>254>- 144 !"+ #  20BL > 5<, => A59G0A >=8 4>;6=K >AB0BLAO 2 5@CA0;8<5 8 640BL 8C459A:>3> ?@074=8:0 OB845AOB=8FK. >=G82 3>2>@8BL, !?0A8B5;L ?>4=O; @C:8, 1;03>A;>28; CG5=8:>2 8 AB0; ?>4=8<0BLAO, 2>7=>A8BLAO =0 =51>. #G5=8:8 AB>O;8 8 A<>B@5;8 =0 =51>, 8 24@C3 ?>O28;8AL 420 0=35;0 8 A:070;8 8<; 'B> 2K AB>8B5 8 A<>B@8B5? 8ACA %@8AB>A 2>7=5AAO =0 =51>, 0 :>340 ?@845B 2@5<O, >= >?OBL 25@=5BAO. >A;5 MB>3> CG5=8:8 2>72@0B8;8AL 2 5@CA0;8< 8 AB0;8 B0< 2<5AB5 640BL A>H5AB28O !2OB>3> CE0. IV. !>>1I5=85 =>2>3> <0B5@80;0 #. >A;5 2>7=5A5=8O 0?>AB>;K A>1@0;8AL 2A5 2<5AB5 2 >4=>< 4><5 8 AB0;8 ?@>2>48BL 2@5<O 2 <>;8B25. "0: :0: >A?>4L 871@0; 425=04F0BL 0?>AB>;>2, B> =0 <5AB> C4K A:0@8>B0 =04> 1K;> 2K1@0BL 4@C3>3>. 7 B5E ;N459, :>B>@K5 2A5 2@5<O =0E>48;8AL @O4>< A 0?>AB>;0<8, 1K;8 2K1@0=K 42>5: >A8D 8 0BD89. >A;5 MB>3> 0?>AB>;K ?><>;8;8AL 8 1@>A8;8 6@5189. > 6@518N 425=04F0BK< 0?>AB>;>< AB0; 0BD89. '5@57 45AOBL 4=59 ?>A;5 2>7=5A5=8O =0ABC?8; 52@59A:89 ?@074=8: OB845AOB=8FK.  MB>B 45=L 52@58 2A?><8=0;8, :0: >=8 ?>;CG8;8 >B >30 5AOBL 70?>25459.  MB8 4=8 2 5@CA0;8< ?@8H;> <=>3> ;N459 87 @07=KE AB@0=. ?>AB>;K 65 2 MB> 2@5<O <>;8;8AL 2 A2>5< 4><5. 4@C3 >=8 CA;KH0;8 HC<, :0: >B A8;L=>3> 25B@0. -B>B HC< =0?>;=8; 25AL 4><, 0 =04 :064K< 0?>AB>;>< ?>O28;AO O7K: ?;0<5=8, 8 >=8 AB0;8 3>2>@8BL =0 @07=KE O7K:0E.  MB> 2@5<O <=>385 ;N48, CA;KH02 HC<, A1560;8AL : 4><C 0?>AB>;>2.  2A5 AB0;8 C482;OBLAO, :0: ?@>ABK5 @K10:8 24@C3 703>2>@8;8 =0 @07=KE O7K:0E. 5:>B>@K5 AB0;8 3>2>@8BL, GB> >=8 =0?8;8AL 28=0 8 ?LO=K. > 0?>AB>; 5B@ 2KH5; : ;N4O< 8 A:070;: K =5 ?LO=K, => 2 B><, GB> 2K 2848B5, 8A?>;=ONBAO A;>20 ?@>@>:0, :>B>@K9 3>2>@8B, GB> >3 87;85B CE0 !2OB>3> =0 @01>2 !2>8E 8 >=8 1C4CB ?@>@>G5AB2>20BL, 8 GB> 2AO:89, :B> ?@87>25B 8<O >A?>4=5, A?0A5BAO. >B>< 0?>AB>;K AB0;8 @0AA:07K20BL =0@>4C, :0: C<5@ 8 2>A:@5A >A?>4L 8ACA %@8AB>A = :0: MB> ?@54A:07K20;8 4@52=85 ?@>@>:8. N48 AB0;8 A?@0H820BL C 0?>AB>;>2: 'B> 65 =0< B5?5@L 45;0BL? 5B@ 65 A:070; 8<: >:09B5AL 8 :@5AB8B5AL 2> 8<O 8ACA0 %@8AB0 !>H5AB285 !2OB>3> CE0' 145 4;O ?@>I5=8O 3@5E>2.  MB>B 45=L : &5@:28 ?@8A>548=8;>AL B@8 BKAOG8 G5;>25:. >A;5 ?@074=8:0 0?>AB>;K @07>H;8AL ?> 2A5<C <8@C 8 2AN4C 3>2>@8;8 > %@8AB5. "5?5@L 8< ;53:> 1K;> 84B8 :> 2A5< =0@>40<, ?>B><C GB> >=8 8<5;8 40@ 3>2>@8BL =0 2A5E O7K:0E <8@0. 5=L A>H5AB28O !2OB>3> CE0 =07K20NB 5I5 "@>8F59, B0: :0: A MB>3> 4=O >B:@K;>AL <8@C 459AB285 2A59 @5A2OB>9 "@>8FK: CE !2OB>9 1K; ?>A;0= =0 75<;N !K=><, 2>7=5AH8<AO : BFC. ! MB>3> 4=O E@8AB80=5 ?>:;>=ONBAO @5A2OB>9 "@>8F5  4=><C >3C 2 "@5E 8F0E: BFC, !K=C 8 !2OB><C CEC. 0: MB> <>65B 1KBL, G5;>25:C =52>7<>6=> ?>=OBL. >340 1;065==K9 23CAB8= ?8A0; :=83C  !2OB>9 "@>8F5, => >= =8:0: =5 <>3 ?>AB83=CBL 25;8:CN B09=C. ">340 >= @5H8; >B4>E=CBL 8 2KH5; : <>@N. "0< >= C2845; <0;LG8:0, :>B>@K9 ;>6:>9 G5@?0; 2>4C 87 <>@O 8 2K;820; 55 2 O<:C. 'B> BK 45;05HL?  A?@>A8; 1;065==K9 23CAB8=. "%>GC 2KG5@?0BL <>@5 8 2<5AB8BL 53> 2 O<:C, - >B25B8; <0;LG8:. > MB> =52>7<>6=>!  A:070; 23CAB8=. 0 GB> <0;LG8: 5<C >B25B8;: 07C<55BAO, =52>7<>6=>, => O A:>@55 2KG5@?0N <>59 ;>6:>9 MB> <>@5 8 2<5IC 53> 2 O<:C, G5< BK A2>8< C<>< ?@>=8:=5HL 2 =5254><CN B09=C !2OB>9 "@>8FK 8 2<5AB8HL 55 2 A2>N :=83C.  45=L !2OB>9 "@>8FK E@8AB80=5 C:@0H0NB A2>8 4><0 8 E@0< 75;5=LN. -B> =0?><8=05B =0< > B><, GB> >3 405B 687=L 2A5<C 682><C. V, 0:@5?;5=85 #., 'B> 45;0;8 0?>AB>;K ?>A;5 2>7=5A5=8O? . . >3> 871@0;8 0?>AB>;K 425=04F0BK< 0?>AB>;>< ?>A;5 ?@540B5;LAB20 C4K? 0: ?@>87>H;> A>H5AB285 !2OB>3> CE0? 'B> AB0;> ?>A;5 8B>3> A 0?>AB>;0<8? ;O G53> >=8 ?>;CG8;8 40@ 3>2>@8BL =0 @07=KE O7K:0E? VI, >42545=85 8B>3>2 #,  G5< <K A53>4=O 3>2>@8;8? 'B> 20< 70?><=8;>AL? ><0, :B> 70E>G5B, =0@8AC9B5 15@57:C, 25B2O<8 :>B>@>9 C:@0H0NBAO E@0< 8 4><0 2 45=L !2OB>9 "@>8FK. .. ;N520 146 !"+ #  "5<0. !2OBK5 <CG5=8FK 5@0, 045640, N1>2L 8 !>D8O &5;8 C@>:0. >7=0:><8BL A 687=LN A2OBKE <CG5=8F; C3;C18BL ?>=8<0=85 7=0G5=8O 8 A<KA;0 <CG5=8G5A:>3> ?>42830; @072820BL <KH;5=85 8 @5GL. %>4 C@>:0 I. !>>1I5=85 B5<K C@>:0 #G8B5;L.  @02>A;02=>9 &5@:28 ACI5AB2C5B B@048F8O 4020BL :064><C G5;>25:C ?@8 @>645=88 8<O A2OB>3>, :>B>@K9 AB0=>28BAO 53> =515A=K< ?>:@>28B5;5<. B> 87 20A <>65B =0720BL A2>53> A2OB>3> ?>:@>28B5;O? 5B8 >B25G0NB. - !53>4=O O @0AA:06C > A2OBKE, 8<5=0 :>B>@KE =>AOB <=>385 452>G:8 8 65=I8=K-E@8AB80=:8. -B> 5@0, 045640, N1>2L 8 !>D8O. =8 1K;8 <CG5=8F0<8. A?><=8<, :>3> &5@:>2L =07K205B <CG5=8:0<8. 5B8. CG5=8:8 - MB> ;N48, :>B>@KE <CG8;8 8 C18;8 70 25@C 2 8ACA0 %@8AB0. #. 0:8E <CG5=8:>2 2K 7=05B5? 5B8 >B25G0NB. - >G5<C @8<A:89 8<?5@0B>@ ?@5A;54>20; E@8AB80=? . <?5@0B>@ E>B5;, GB>1K E@8AB80=5 ?>:;>=O;8AL O7KG5A:8< 1>30<, 0 >=8 =5 E>B5;8 8< ?>:;>=OBLAO, ?>B><C GB> 25@8;8 2 AB8==>3> >30. . 7CG5=85 =>2>3> <0B5@80;0 #. !2OBK5 <CG5=8FK 5@0, 045640 8 N1>2L 1K;8 ?>GB8 20H8<8 @>25A=8F0<8. 5@5 1K;> 2A53> 12 ;5B. 045645 - 10, 0 N1>28 - 9. B5F C =8E C<5@, 8 2>A?8BK20;0 452>G5: <0BL !>D8O. =0 2>A?8B0;0 8E =0AB>OI8<8 E@8AB80=:0<8. 0: 2K ?>=8<05B5, GB> 7=0G8B 1KBL =0AB>OI8< E@8AB80=8=><? . 0AB>OI89 E@8AB80=8= ;N18B >30, 2K?>;=O5B 3> 70?>2548, ?><>305B ;N4O<, <>;8BAO. #. >B 8<5==> B0:8<8 8 1K;8 5@0, 045640 8 N1>2L. =8 68;8 B8E> 8 AG0AB;82>. @C38< ;N4O< 1K;0 =5?>=OB=0 147 !2OBK5 <CG5=8FK 5@0, 045640, N1>2L 8 !>D8O B0:0O 687=L, 8 >=8 4>=5A;8 8<?5@0B>@C, GB> 5@0, 045640, N1>2L 8 8E <0BL - E@8AB80=:8. <?5@0B>@ ?>25;5; ?@825AB8 A5AB5@ : A515. >340 >= C2845; B@5E <0;5=L:8E A5AB5@, B> ?>4C<0;: =8 =5 <>3CB 1KBL E@8AB80=:0<8, 8E, =025@=>5, :B>-B> >1<0=>< >1@0B8; 2 E@8AB80=A:CN 25@C, =04> C1548BL 8E >B@5GLAO >B %@8AB0. 'B> A45;0; 8<?5@0B>@? . <?5@0B>@ >B?@028; 452>G5: A <0B5@LN =0 =5A:>;L:> 4=59 : >4=>9 1>30B>9 65=I8=5, GB>1K >=0 C3>2>@8;0 8E >B25@=CBLAO >B >30. -B0 65=I8=0 >B25;0 A5AB@0< C4>1=K5 :><=0BK, C3>I0;0 2:CA=>9 54>9, => >=8 >B:07K20;8AL 5ABL. 52>G:8 ?>=8<0;8, GB> 8< ?@54AB>8B ?>4283 <CG5=8G5AB20. =8 @5H8;8 C<5@5BL, => =5 >B@5:0BLAO >B %@8AB0 8 ?>B><C =5?@5AB0==> <>;8;8AL >3C, GB>1K = 40@>20; 8< A8;K ?5@5=5AB8 AB@040=8O <C65AB25==>. #. '5@57 =5A:>;L:> 4=59 A5AB@K >?OBL ?@54AB0;8 ?5@54 8<?5@0B>@><. >340 8<?5@0B>@ C7=0;, GB> 452>G:8 =5 >B@5:;8AL >B %@8AB0, >= @5H8; 8E ?>425@3=CBL <C:0<, >4=C 70 4@C3>9.  <0B5@8 >AB028; A0<CN AB@0H=CN <C:C - 2845BL =52K=>A8<K5 AB@040=8O A2>8E 45B59. 5@2>9 ?>425;8 : 8<?5@0B>@C 5@C. - @8=5A8 65@B2C 25;8:>9 1>38=5 @B5<845, - ?>25;5; 59 8<?5@0B>@, - 8 O >B?CIC B51O =0 A2>1>4C. - CGH5 <=5 C<5@5BL, - B25@4> >B25B8;0 5@0, - O E@8AB80=:0 8 ?>:;>=ONAL 8ACAC %@8ABC, 0 15AC =5 ?>:;>=NAL. ">340 8<?5@0B>@ ?@8:070; 18BL 55 65;57=K<8 ?@CBLO<8. >B>< 5@C 1@>A8;8 2 G0= A :8?OI59 A<>;>9, => >BBC40 >=0 2KH;0 682>9 8 =52@548<>9. #28452, GB> =8:0:8<8 <C:0<8 =52>7<>6=> 70AB028BL 452>G:C ?@8=5AB8 65@B2C @B5<845, 8<?5@0B>@ ?@8:070; >B@C18BL 59 3>;>2C. 5 A>:@CH8;8 <CG8B5;8 B25@4>AB8 8 2B>@>9 A5AB@K. 04564K. 5 18;8, A:>1;8;8 B5;> 65;57=K<8 :>3BO<8. B ?>B>:>2 :@>28 <CG5=8FK 8AE>48;> GC4=>5 1;03>CE0=85. 5, :0: 8 5@C, 1@>A8;8 2 :>B5; A :8?OI59 A<>;>9. >B5; @0A?0;AO =0 G0AB8, 8 A<>;0 >1>63;0 ?0;0G59. 045640 65 >AB0;0AL =52@548<>9. ">340 8<?5@0B>@ 8 55 ?>25;5; :07=8BL <5G><. =0 >1=O;0 <0BL, A5AB@C 8 15AAB@0H=> ?@5:;>=8;0 3;02C A2>N ?>4 <5G. 0B5< 8<?5@0B>@ AB0; C15640BL <;04HCN A5AB@C - N1>2L - ?>:;>=8BLAO O7KG5A:8< 1>30< 8 B5< A>E@0=8BL A515 687=L. - >65HL =5 ?@8=>A8BL 65@B2C, ?@>87=5A8 B>;L:>: 5;8:0 1>38=O @B5<840 - 8 O >B?CIC B51O, - 3>2>@8; <CG8B5;L. !"+ #  ~ 5;8: >A?>4L 8ACA %@8AB>A! - >B25G0;0 =0 MB> N1>2L. ">340 55 ?>425;8 : @0A:0;5==>9 ?5G8, 8 >=0 A0<0 A<5;> 2>H;0 2 =55. ;0<O, 2K@202H8AL 87 ?5G8, >?0;8;> ?0;0G59 8 A0<>3> 8<?5@0B>@0. 52>G:0 65 2KH;0 >BBC40 =52@548<>9. <?5@0B>@ ?>25;5; =5<54;5==> :07=8BL N1>2L. >A;5 :07=8 4>G5@59 !>D8O 27O;0 8E B5;0 8 ?>E>@>=8;0 70 3>@>4><. "@8 4=O <>;8;0AL >=0 =0 <>38;5 4>G5@59, 0 ?>B>< C<5@;0, 8 55 ?>E>@>=8;8 @O4>< A 4>G5@L<8. 0209B5 @0AA<>B@8< 8:>=C A2OBKE <CG5=8F. 0AA:068B5, :0: 2K3;O4OB 5@0, 045640, N1>2L 8 <0BL 8E !>D8O. 5B8 >B25G0NB 2 7028A8<>AB8 >B 87>1@065=85 =0 :>=:@5B=>9 8:>=5. . 0 8:>=5 B@8 452>G:8 8 8E <0BL. !0<0O <0;5=L:0O 452>G:0 - N1>2L, >=0 >45B0 2 4;8==>5 3>;C1>5 ?;0BL5. !@54=OO 452>G:0 - 045640, A0<0O AB0@H0O - 5@0. =8 B>65 >45BK 2 4;8==K5 ?;0BLO. O4>< AB>8B 8E <0BL !>D8O, =0 3>;>25 C =55 =0:84:0. 8F0 C =8: A?>:>9=K5, >=8 =5 1>OBAO A<5@B8. #, 1@0B8B5 2=8<0=85; GB> 2 @C:0E C <CG5=8F? . @5AB. #. 0 8:>=0E :@5AB 87>1@060NB 2A5340 2 @C:0E C <CG5=8:>2.  :0: 2K 4C<05B5, ?>G5<C? . 0 @5AB5 C<5@ 8ACA %@8AB>A, 0 <CG5=8:8 ?>AB@040;8 70 >30, ?@8=O;8, :0: 8 =, <CG5=8G5A:CN :>=G8=C. #. 0<OBL A2OBKE <CG5=8F ?@074=C5BAO 30 A5=BO1@O.  MB>B 45=L 8<5=8=K C 2A5E 452>G5: 8 65=I8=, :>B>@KE 7>2CB 5@0, 045640, N1>2L 8 !>D8O.  GB> 70 ?@074=8: 8<5=8=K? . -B> 45=L ?0<OB8 A2OB>3>, 8<O :>B>@>3> BK =>A8HL. #. B> 7=05B 45=L A2>8E 8<5=8=? 5B8 >B25G0NB. -  :0: =04> >B<5G0BL 8<5=8=K? .  MB>B 45=L =04> ?>AB0@0BLAO 25AB8 A51O B0:, GB>1K E>BL =5<=>3> 1KBL ?>E>68< =0 A2>53> A2OB>3>: G8B0BL 4CH5?>;57=K5 :=838, 45;0BL 4>1@K5 45;0, <>;8BLAO, ?>9B8 2 F5@:>2L. #. B0:, 30 A5=BO1@O ~ 45=L A2OBKE <CG5=8F 5@K, 04564K, N1>28 8 !>D88. 5 701C4LB5 ?>74@028BL 2 MB>B 45=L, A2>8E @>4AB25==8:>2'-8 7=0:><KE,':>B>@K5 =>AOB 8E 8<5=0.)  :0: <>6=> 8E ?>74@028BL? !2OBK5 <CG5=8FK 5@0, 045640, N1>2L 8 !>D8O 149 . >6=> A45;0BL 8;8 :C?8BL ?>40@>:, =0?8A0BL >B:@KB:C. #. @028;L=>, 0 5I5 <>6=> ?>74@028BL 8<5=8==8:>2, ?@>G8B02 8< AB8E>B2>@5=85 >1 8E A2OBKE. >A<>B@8B5 =0 4>A:C, B0< =0?8A0=> AB8E>B2>@5=85 . !0=8=0 > 5@5, 045645, N1>28 8 !>D88. 5B8 G8B0NB AB8E>B2>@5=85 !2OBK5 <CG5=8FK 5@0, 045640, N1>2L 8 <0BL 8E !>D8O. 4C A 8:>=:>N 87 E@0<0. !N65B 55 >G5=L ?@>AB: "@8 452>G:8, A =8<8 <0<0 -' '5B25@> 2 ?>;=K9 @>AB. >340-B> 452>G:8 2AB0;8 5@54 F0@5<-?0;0G><,  70 %@8AB0 8E ?KB0;8,  ?>A;5 - :07=8;8 <5G><. B A;57 8AG570NB AB@>G:8, . > O 8E G8B0N 2=>2L: . 0<0 - !>D8O, 0 4>G:8 -5@0, 045640, N1>2L. 04 :064>N =8<1 ;CG8BAO, # :064>9 2 @C:0E ?> :@5ABC. E, 5A;8 1 8 <=5 =0CG8BLAO 5@=>3> 1KBL %@8ABC! -  :>< MB> AB8E>B2>@5=85? .  452>G:5, :>B>@0O =5A5B 87 E@0<0 8:>=C A2OBKE 5@K, 04564K, N1>28 8 !>D88. #. >2>@8BAO ;8 2 MB>< AB8E>B2>@5=88 > ?>42835 MB8E <CG5=8F? . 0. #. 'B>? . 45AL 3>2>@8BAO > B><, GB> 452>G5: ?KB0;8 70 25@C, 0 ?>B>< :07=8;8. #. 0:85 GC2AB20 2K7K205B MB0 8AB>@8O C 452>G:8? . 9 60;:> <CG5=8F, >=0 ?;0G5B. #. '53> 65 E>G5BAO 452>G:5? . 9 E>G5BAO 1KBL B0:>9 65 25@=>9 %@8ABC, :0: 8 A5AB@K-<CG5=8FK. #. @>G8B09B5 B5?5@L AB8E>B2>@5=85 =58725AB=>3> 02B>@0. !"+ #  150 5B8 G8B0NB AB8E>B2>@5=85 5@0, .045640, N1>2L. /@:> ;0<?04:0 3>@8B, 5B8 ?@8B8E;8, 8 2=>2L , 01CH:0 4>1@0O 8< 3>2>@8B ';, @> 5@C, 04564C, N1>2L. .  2>7@0AB5 >B@>:>28F @8=O;8 <C:8 >=8." B> =5 2840; MB8E 0=35;LA:8E ;8F - 5@K, 04564K, N128. 45 B>;L:> A8;K 1@0;8AL: KB:8, C3@>7K 8 :@>2L, ">;L:> >B >A?>40 =5 >B@5:;8AL 5@0, 045640, N1>2L. #.  > G5< 3>2>@8BAO 2 MB>< AB8E>B2>@5=88? .  B><, :0: 101CH:0 @0AA:07K205B 45BO< > 5@5, 045645 8 N1>28. #.  GB> 3>2>@8BAO 2 MB>< AB8E>B2>@5=88 >1 8E ?>42835? . 45AL 3>2>@8BAO, GB> >=8 1K;8 <0;5=L:8<8, => =5 >B@5:;8AL >B >30. #. @>G8B09B5 MB8 AB8E>B2>@5=8O 5I5 @07 8 A:068B5, :0:>5 87 =8E 20< 1>;LH5 ?>=@028;>AL, ?>G5<C. 5B8 >B25G0NB.  B> E>G5B, <>65B ?5@5?8A0BL MB8 AB8E>B2>@5=8O, 0 ?>B>< 2KCG8BL : ?@074=8:C. III. 0:@5?;5=85 <0B5@80;0 #.  :0:8E A2OBKE <K A53>4=O 3>2>@8;8? .  <CG5=8F0E 5@5, 045645, N1>28 8 !>D88. #. 0:>9 ?>4283 25@K >=8 A>25@H8;8? . E <CG8;8, => >=8 =5 >B@5:;8AL >B %@8AB0. #. 0AA:068B5 >1 8E 687=8. 5B8'>B25G0NB. . . - 0: 2K 4C<05B5, ?>G5<C !>D8N B>65 =07K20NB <CG5=8F59, E>BO 55 8<?5@0B>@ =5 <CG8;? . >340 =0 3;070E C A2OB>9 !>D88 <CG8;8 55 4>G5@59, B> 59 | 1K;> 1>;L=> =0 MB> A<>B@5BL. =0 ?>425@3;0AL <C:0< =5 B5;5A=K<, 0 4CH52=K<. 151 '8B05< :=83C 8488 '0@A:>9 48= 70 2A5E IV. >42545=85 8B>3>2 #. 'B> =>2>3> 2K A53>4=O C7=0;8? 'B> 20< 1>;LH5 2A53> 70?><=8;>AL? ><0 =0948B5 :=838 8 ?@>G8B09B5 > A2OBKE 45BOE. .. ;N520 "5<0. '8B05< :=83C 8488 '0@A:>9 48= 70 2A5E &5;8- C@>:0. 0CG8BL 45B59 A0<>AB>OB5;L=> G8B0BL :=83C 8 >@85=B8@>20BLAO 2 =59; 2>A?8BK20BL =@02AB25==K5 :0G5AB20; @072820BL @5GL, ?0<OBL, <KH;5=85. %>4 C@>:0 I. !>>1I5=85 B5<K C@>:0 #G8B5;L. !53>4=O <K 1C45< 87CG0BL 68B85 ?@5?>4>1=>3> !5@38O 04>=56A:>3>. =838 :0:>3> 02B>@0 2K G8B0;8 4><0? 5B8. 8488 ;5:A552=K '0@A:>9. #.  G5< ?8A0;0 '0@A:0O? .  687=8 45B59 2 ?@>H;><, >1 8AB>@8G5A:8E A>1KB8OE. #. B> 87 20A ?@>G8B0; :=83C 48= 70 2A5E? 5B8 >B25G0NB. II. =0;87 ?@>G8B0==>9 :=838 #.  :>< MB0 ?>25ABL? .  ?@5?>4>1=>< !5@388 04>=56A:><. #. 'B> 7=0G8B ?@5?>4>1=K9? , -B> A2OB>9 <>=0E, >= CH5; 2 <>=0ABK@L, GB>1K B0< <>;8BLAO >3C. #. 'B> 2K 7=05B5 > ?@5?>4>1=>< !5@388 04>=56A:><? 5B8 >B25G0NB. - 0AA:068B5 > 53> 687=8. .  45BAB25 ?@5?>4>1=K9 !5@389 =5 C<5; G8B0BL, => ?>B>< GC45A=K< >1@07>< >= =0CG8;AO 3@0<>B5. ! @0==53> 2>7@0AB0 ?@5?>4>1=K9 !5@389 E>B5; C9B8 2 ;5A, GB>1K B0< <>;8BLAO, => @>48B5;8 ?>?@>A8;8 53> >AB0BLAO, 8 >= ?>A;CH0;AO 8E. >A;5 !"+ #  152 A<5@B8 @>48B5;59 ?@5?>4>1=K9 !5@389 A> A2>8< 1@0B>< !B5D0=>< CH;8 2 ;5A. @0B 2A:>@5 CH5; 2 <>=0ABK@L, 8 @5?>4>1=K9 !5@389 >AB0;AO >48= 2 ;5AC. A:>@5 A;020 > 53> ?>42830E 4>H;0 4> ;N459, 8 2>:@C3 =53> >1@07>20;AO <>=0ABK@L  "@>8F5-!5@38520 02@0. #. 0:85 M?87>4K 87 MB>9 ?>25AB8 20< >A>15==> 70?><=8;8AL? 5B8 >B25G0NB.  B> O2;O5BAO 3;02=K< 35@>5< ?>25AB8? . @5?>4>1=K9 !5@389. #. 0:85 5I5 35@>8 5ABL 2 ?>25AB8? . >48B5;8, 1@0BLO, <>=0E8. #. 0: 2K3;O48B 3;02=K9 35@>9? . !=0G0;0 >= @515=>: - <0;LG8: 2 @CAA:>9 @C10E5, C =53> A25B;K5 2>;>AK 8 3>;C1K5 3;070. >B>< >= - <>=0E, >45B 2 G5@=CN @OAC, 3;070 AB@>385. #. >3> =07K20NB A2OBK<8? , . -B> ;N48, 2A5340 ?>ABC?0NI85 ?> 2>;5 >6859. #. >G5<C ?@5?>4>1=>3> !5@38O =07K20NB A2OBK<? . = 45;0; 4>1@K5 45;0: ?><>30; ;N4O< 8 725@O<, A;CH0;AO @>48B5;59, ;N18; <>;8BLAO >3C. #.  A2>59 687=8 ?@5?>4>1=K9 !5@389 AB0;:820;AO A B5<8 65 B@C4=>ABO<8, GB> 8 <K. 'B> >3>@G0;> 8 ?5G0;8;> 53> 2 45BAB25? . ">, GB> >= =5 <>3 =0CG8BLAO G8B0BL. #. 0: ?>ABC?8; ?@5?>4>1=K9 !5@389, GB>1K =0CG8BLAO G8B0BL? . = <>;8;AO >3C, AB0@0;AO =0 C@>:0E 2A5 ?>=OBL. #. 0AA:068B5, GB> A;CG8;>AL ?>B><. . =35; 2 >1@075 AB0@F0 ?><>3 ?@5?>4>1=><C !5@38N =0CG8BLAO G8B0BL. #. '0AB> 2 A2>59 687=8 =0< ?@8E>48BAO ?>ABC?0BL 2>?@5:8 A2>5<C 65;0=8N.  1K20;> ;8 B0:>5 A ?@5?>4>1=K< !5@385<? . 0, ?@5?>4>1=K9 !5@389 E>B5; C9B8 2 <>=0ABK@L, => @>48B5;8 ?>?@>A8;8 53> >AB0BLAO, 8 >= ?>A;CH0;AO 8E. #.  A;CG0;>AL ;8 ?@5?>4>1=><C 45;0BL B>, GB> 5<C =5 E>B5;>AL? . !B0@5F 70AB028; ?@5?>4>1=>3> !5@38O G8B0BL ?> :=835, 0 >= =5 C<5; G8B0BL, => 5<C ?@8H;>AL ?>A;CH0BLAO. >340 ?@5- 153 '8B05< :=83C 8488 '0@A:>9 .48= 70 2A5E ?>4>1=K9 68; 2 ;5AC, : B5<C AB0;8 ?@8E>48BL ;N48 8 A5;8BLAO @O4><, ?@5?>4>1=K9! !5@389 04>=56A:89 E>B5; 68BL >48=, => =5 <>3 >B:070BL ;N4O<. #. '5<C 20A =0CG8;0 687=L ?@5?>4>1=>3> !5@38O? 5B8 >B25G0NB. - 0AA<>B@8B5 8;;NAB@0F88.  :0:8< A>1KB8O< 87 687=8 ?@5?>4>1=>3> !5@38O >=8 A45;0=K? 0:0O 8;;NAB@0F8O 20< 1>;LH5 2A53> ?>=@028;0AL, ?>G5<C? 5B8 >B25G0NB. - 0: 2K 4C<05B5, GB> <>3;8 1K @0AA:070BL > @5?>4>1=>< !5@388 53> 1@0B 5B@, 1@0B !B5D0=, <54254L, :>B>@K9 : =5<C ?@8E>48;, <>=0E 87 >18B5;8 ?@5?>4>1=>3>? K15@8B5 >4=>3> 87 35@>52 ?>25AB8 8 A>AB02LB5 >B 53> ;8F0 @0AA:07 > @5?>4>1=><. 5B8 >B25G0NB. - >G5<C ?>25ABL =07K205BAO 48= 70 2A5E? . >B><C GB> ?@5?>4>1=K9 !5@389 >48= <>;8BAO 70 2A5E =0A. III. 7CG5=85 =>2>3> <0B5@80;0 #.  ?@5?>4>1=>< !5@388 ?8A0;8 <=>385 ?>MBK 8 ?8A0B5;8 2> 2A5 2@5<5=0. / ?@>G8B0N 20< AB8E>B2>@5=85 D0=0AL520 !E8<=8: 5@5A25B" (B5:AB 8725AB5= 45BO< ?> 2=5:;0AA=><C 70=OB8N > ?@5?>4>1H>< !5@388}.  :0:>< A>1KB88 3>2>@8BAO 2 MB>< AB8E>B2>@5=88? .  C;8:>2A:>9 18?25, #. 0948B5 8 ?@>G8B09B5, :0: >1 MB>9 18B25 ?8H5B '0@A:0O. . >1548; 0<0O 25;8:89 :=O7L. 0 C;8:>2>< ?>;5 @0718; 8<8B@89 B0B0@A:85 >@4K 0<0O. >381 2 ?>548=:5 A 28BO75<-1>30BK@5< B0B0@A:8< 8=>: 5@5A25B... #. !@02=8B5, :0: >?8A0; 18B2C D0=0AL52. . >4@>1=>, :@0A>G=>. #.  '0@A:0O? . !45@60==>. V. 0:>5 =0AB@>5=85 2K7K205B C 20A AB8E>B2>@5=85? . 04>AB=>5, B>@65AB25==>5, !"+ #  184 #. >G5<C? . 2B>@ @04C5BAO, GB> @CAA:85 2>9A:0 ?>1548;8. #.  :0:>5 =0AB@>5=85 2K7K205B C 20A >B@K2>: 87 ?>25AB8? . . @CAB=>5. #. >G5<C? . K GC2AB2C5<, GB> ?@5?>4>1=K9 !5@389 A:>@> C<@5B. ' 5I5 02B>@ A:>@18B > A<5@B8 5@5A25B0. IV. >42545=85 8B>3>2 #. ! :0:>9 :=83>9 <K A53>4=O @01>B0;8? 0:85 M?87>4K 20< 1>;LH5 2A53> 70?><=8;8AL? V. ><0H=55 7040=85 #. 0948B5 8 ?@>G8B09B5 4><0 :=838 > 4@C38E A2OBKE. 0?@8<5@: 1. 8B85 ?@5?>4>1=>3> 5@0A8<0. 2. !2OI5==8: >=AB0=B8= AB@>2A:89, 0;L48=0 ". @02>A;02=>5 A5<59=>5 GB5=85 =0 :064K9 45=L. 3. >4286=8:8 75<;8 CAA:>9. 4. >A5;O=8= . !2OB0O N=>ABL. 5. C:020 .  0@88 38?5BA:>9. 6. 'C45A=K5 8AB>@88 87 687=8 A2OBKE. 7. .48= . 5G0O==0O @04>ABL. .. ;N520 "5<0. 8B85 ?@5?>4>1=>3> !5@38O 04>=56A:>3> &5;8 C@>:0. >7=0:><8BL A 4@52=5@CAA:8< 68B85< 8 53> >A>15==>ABO<8; 70:@5?8BL ?>=OB85"A2OB>9; A>25@H5=AB2>20BL =02K: GB5=8O, =@02AB25==>5 8 ?0B@8>B8G5A:>5 2>A?8B0=85. %>4 C@>:0 I. !>>1I5=85 B5<K C@>:0 #G8B5;L. @>G8B09B5 =0720=85 ?@>872545=8O, :>B>@>5 <K 1C45< G8B0BL. 8B85 ?@5?>4>1=>3> !5@38O 04>=56A:>3> 155 5B8. 8B85 !5@38O 04>=56A:>3>. #. K 7=05B5, :0:85 ?@>872545=8O =07K20NB 68B8O<8? . 0AA:07K > 687=8 A2OBKE. #. >3> =07K20NB A2OBK<8? . -B> ;N48, :>B>@K5 A;54>20;8 70?>254O< >30. #. 0:>5 ?@>872545=85 > ?@5?>4>1=>< !5@388 04>=56A:>< <K C65 G8B0;8? . >25ABL 8488 '0@A:>9 "48= 70 2A5E. #. 0209B5 2A?><=8<, GB> <K 7=05< > ?@5?>4>1=>< !5@388 04>=56A:><. 5B8 >B25G0NB. . - - 8B85 !5@38O 04>=56A:>3>, :>B>@>5 <K 1C45< A53>4=O G8B0BL, 1K;> =0?8A0=> >G5=L 402=>: ?@8<5@=> H5ABLA>B ;5B =0704. 0?8A0; 53> ?8D0=89 @5<C4@K9, :>B>@K9 68; 2 <>=0ABK@5 ?@5?>4>1=>3> !5@38O 8 7=0; 53> ;8G=>. "0: :0: 68B85 1K;> =0?8A0=> 402=>, B> 2 =5< 20< 2AB@5BOBAO =5?>=OB=K5 A;>20. >A<>B@8B5, =0 4>A:5 O 2K?8A0;0 =5:>B>@K5 87 =8E. 0209B5 2KOA=8<, GB> >=8 >1>7=0G0NB. ;03>>1@07=K9 - ?@8OB=K9 ?> 2=5H=5<C 284C. !<8@5==> - =5 3>@4>, :@>B:>. B@>: - <0;LG8:. '04> - @515=>:. !:>@18B  3@CAB8B. >H=0 - <5H>G5:. #AB0 - @>B. :CH5=85 - B>, :>340 54OB. . #AB0=>2:0 =0 F5;>AB=>5 2>A?@8OB85 #. >A;CH09B5, :0: >?8A0; 45BAB2> 8 N=>ABL ?@5?>4>1=>3> !5@38O ?8D0=89 @5<C4@K9. #G8B5;L G8B05B 68B85. III. @>25@:0 ?5@28G=>3> 2>A?@8OB8O #. 0:>9 M?87>4 87 687=8 ?@5?>4>1=>3> !5@38O 04>=56A:>3> 20< 1>;LH5 70?><=8;AO? !"+ #  156 5B8 >B25G0NB. 0;55 CG0I85AO A0<>AB>OB5;L=> G8B0NB ?@>872545=85. IV. =0;87 ?@>872545=8O #. ! G53> =0G8=05B ?8D0=89 @5<C4@K9 >?8A0=85 687=8 ?@5?>4>1=>3>? . = 3>2>@8B > @>48B5;OE. #. 0:85 >=8 1K;8, ?@>G8B09B5. . ;03>@>4=K5 8 1;03>25@=K5. #. ;03>25@=K5 - MB> ;N48, :>B>@K5 25@O '2 8AB8==>3> >30. >G5<C 3>2>@8BAO, GB> >=8 1K;8 >688 C3>4=8:8? . #3>640;8 >3C, 45;0;8 B0:, :0: = 25;8B. #. 0: 2K ?>=8<05B5 A;>2> 4>1@>45B5;L? . -B> ?>;>68B5;L=K5 G5@BK E0@0:B5@0. #.  G5< @0AA:07K205B 40;55 02B>@ 68B8O? .  45BAB25 35@>O. #. '5< >B;8G0;AO ?@5?>4>1=K9 !5@389 2 45BAB25 >B 4@C38E 45B59? . = =5 ?8; <>;>:0 2 A@54C 8 ?OB=8FC. #. @>G8B09B5, ?>G5<C. . -B> ?>AB=K5 4=8, 2 MB8 4=8 ?> F5@:>2=><C CAB02C =5;L7O 5ABL <OA> 8 <>;>G=K5 ?@>4C:BK. #, 'B> MB> 1K;> 70 7=0<5=85 (7=0:)? . @54A:070=85 =5>1KG=>AB8 @515=:0. #. 'B> 5I5 > 45BAB25 A2OB>3> !5@38O @0AA:07K205B ?8D0=89 @5<C4@K9? . @5?>4>1=K9 !5@389 =5 <>3 =0CG8BLAO G8B0BL. #. @>G8B09B5, :0: >1 MB>< 3>2>@8BAO 2 B5:AB5. 5B8 G8B0NB. - 0: 2K 4C<05B5, ?>G5<C >B@>: 0@D>;><59 =5 <>3 =0CG8BLAO 3@0<>B5? . 0 =5< O28;>AL GC4> >685. ">, GB> ?@5?>4>1=K9 !5@389 =0CG8;AO G8B0BL B0:8< GC45A=K< >1@07><, B>65 1K;> ?@547=0<5=>20=85< 53> 40;L=59H59 AC4L1K. #. @>G8B09B5 > 2AB@5G5 <0;LG8:0 8 AB0@F0 A0<>AB>OB5;L=>. >G5<C ?8D0=89 =5 =0?8A0; >B:@>9 @>B, 0 =0?8A0; >B2>@8 CAB0? . "0:0O @5GL 3>2>@8B > =5>1KG=>AB8 ?@>8AE>4OI53>, ?>4G5@:8205B B>@65AB25==>ABL <><5=B0. 157 8B85 ?@5?>4>1=>3> !5@38O 04>=56A:>3> #. 0948B5 2 MB>< >B@K2:5 A;>20, :>B>@K5 3>2>@OB > B><, GB> 8 >B@>: 0@D>;><59 >B=>A8BAO : MB><C A>1KB8N 2>AB>@65==> 8 B@5?5B=>. . 0: A;04:8 3>@B0=8 <>59 A;>20 B2>8! CGH5 <540 CAB0< <>8<; 8 4CH0 <>O 2>7;N18;0 MB>. #. 0:85 GC2AB20 8A?KBK205B <0;LG8:? . <C AB0;> @04>AB=> >B A;>2 AB0@F0. #. >G5<C A5<LO ?@5?>4>1=>3> !5@38O 04>=56A:>3> ?5@55E0;0 2 04>=56? . E A5<LO AB0;0 154=>9, 8E ?@8B5A=O;8 B0B0@K, 0 2 04>=565 1K;> A?>:>9=>. #. 0948B5 2 B5:AB5 <5AB>, 345 ?8D0=89 @5<C4@K9 ?8H5B > 65;0=88 0@D>;><5O C9B8 2 <>=0ABK@L. 'B> 7=0G8B 8=>G5A:0O 687=L? . 87=L 2 <>=0ABK@5. #. '5< >B;8G05BAO <>=0H5A:0O 687=L >B =0H59? . >=0E8 ?>A2OI0NB A51O >3C. #. 'B> >B25B8;8 @>48B5;8 =0 ?@>AL1C 0@D>;><5O C9B8 2 <>=0ABK@L? . =8 ?>?@>A8;8 53> =5 CE>48BL 2 <>=0ABK@L, ?>:0 >=8 =5 C<@CB. #. @>G8B09B5 8E A;>20. 1JOA=8B5 A;>2> AB57O. . CBL, 4>@>30. #. K?>;=8; ;8 0@D>;><59 65;0=85 @>48B5;59?  G5< MB> 3>2>@8B? . = ;N18; @>48B5;59, A;CH0;AO 8E. #.  :0:8E <><5=B0E 87 687=8 ?@5?>4>1=>3> !5@38O 3>2>@8BAO 2 MB>< M?87>45? .  @>645=88 A2OB>3>, 53> ;045=G5AB25, =5C40G0E 2 CG5=88, 2AB@5G5 A> AB0@F5<, > B><, ':0: @>48B5;8 C?@>A8;8 53> =5 CE>48BL 2 <>=0ABK@L. #. B0:, 2 8B88 !5@38O 04>=56A:>3> ?>25AB2C5BAO > @>48B5;OE, > @>645=88, > 45BAB25 A2OB>3>, > 65;0=88 A2OB>3> C9B8 2 <>=0ABK@L. -B> =5 A;CG09=>.  68B8OE <=>38E A2OBKE <K =0945< MB8 M?87>4K. ?8D0=89 @5<C4@K9, >?8AK20O 687=L ?@5?>4>1=>3> !5@38O, A;54C5B B>9 B@048F88, :>B>@0O 1K;0 ?@8=OB0 2. 4@52=5@CAA:>9 ;8B5@0BC@5. . . 0AA<>B@8B5 8;;NAB@0F88. 0 @8AC=:5 87>1@065=0 8:>=0 ?@5?>4>1=>3> =4@5O C1;520 (>= 1K; 4CE>2=K< CG5=8:>< ?@5?>4>1=>3> !5@38O) "@>8F0. 'B> 2K =0 =59 2848B5? !"+ #  158 . "@5E 0=35;>2. #. 0: 2K 4C<05B5, ?>G5<C MBC 8:>=C ?><5AB8;8 2 :=835? . @5?>4>1=K9 !5@389 >A=>20; <>=0ABK@L 2> 8<O @5A2OB>9 "@>8FK. #. 0 @8AC=:5 87>1@065= MB>B <>=0ABK@L. 3> =07K20NB 5I5 02@>9. (02@0 - 1>;LH>9 <>=0ABK@L.) "@>8F5-!5@38520 02@0 =0E>48BAO 2 3>@>45 !5@3852 >A04. B> 1K; 2 MB>< 3>@>45? 0AA:068B5, GB> 2K 2845;8 2 02@5. 5B8 >B25G0NB. - 'B> 87>1@065=> =0 @8AC=:5? . :>=0 !5@389 04>=56A:89 A 68B85<. #. 'B> 7=0G8B 8:>=0 A 68B85<, 254L <K 7=05<, GB> 68B85  ;8B5@0BC@=>5 ?@>872545=85? . 0 MB>9 8:>=5 87>1@065=K A>1KB8O 687=8 ?@5?>4>1=>3> !5@38O 04>=56A:>3>, 8 :>340 =0 =55 A<>B@8HL, B> :0: 1C4B> G8B05HL 68B85. #. 0:85 8725AB=K5 87 B5:AB0 A>1KB8O <K =0E>48< =0 8:>=5? . >645=85 A2OB>3> !5@38O 04>=56A:>3>, 2AB@5GC A> AB0@F5<, AB0@5F 2 4><5 C A2OB>3>. #.  :0:8E A>1KB8OE 87 687=8 ?@5?>4>1=>3> <K A53>4=O =5 G8B0;8, => 7=05< > =8E 87 :=838 '0@A:>9 48= 70 2A5E 8 >B@065=85 :>B>@KE <K =0E>48< =0 8:>=5? . 87=L ?@5?>4>1=>3> 2 ;5AC, 8AF5;5=85 >B@>:0, -1;03>A;>25=85 :=O7O 8<8B@8O >=A:>3>, O2;5=85 >6859 0B5@8, ?@5AB02;5=85 A2OB>3>. #, 'B> 87>1@065=> =0 @8AC=:5? . >=0E8, :>B>@K5 GB>-B> ?8HCB. #. B:C40 27OB0 MB0 8;;NAB@0F8O? . 7 @C:>?8A=>9 :=838 8B85 !5@38O 04>=56A:>3>. #. 0: 2K 4C<05B5, GB> <>3CB ?8A0BL <>=0E8? . 8B85 !5@38O 04>=56A:>3>. V. 1>1I0NI55 A;>2> CG8B5;O #. B0:, 68B85 - ;8B5@0BC@=>5 ?@>872545=85, :>B>@>5 @0AA:07K205B > 687=8 A2OB>3> 8 8<55B A2>8 >A>15==>AB8. =>385 87 =8E <K C65 CAB0=>28;8. 0:85? .  68B88 @0AA:07K20;>AL 2 >?@545;5==>9 ?>A;54>20B5;L=>AB8 > 687=8 A2OB>3>. !=0G0;0 > 53> @>48B5;OE, ?>B>< > <;045=G5AB25, 45BAB25, N=>AB8 8 B0: 40;55. 159 8B85 ?@5?>4>1=>3> !5@38O 04>=56A:>3> #. @><5 B>3>, 68B85 A>AB>8B 87 B@5E G0AB59. 5@20O G0ABL -2ABC?;5=85, 2 :>B>@>< 02B>@ >1@0I05BAO : G8B0B5;N, @0AA:07K-205B > A515, >1 8AB>@88 =0?8A0=8O 68B8O. B>@0O G0ABL - >A=>2=0O. 2 =59 @0AA:07K205BAO > 687=8 A2OB>3>. 0:0=G8205BAO 68B85 B@5BL59 G0ABLN - <>;8B2>9, ?>E20;>9 A2OB><C. 0: 2K 4C<05B5, >B@K2>: 87 :0:>9 G0AB8 ?><5AB8;8 2 :=835? . 7 >A=>2=>9. #. >G5<C 2K B0: 4C<05B5? . 45AL =5B =8 A;>2 02B>@0, =8 ?>E20;K A2OB><C, 0 @0AA:07K205BAO > 53> 687=8. #. @028;L=>, 0 A59G0A O 70G8B0N 2ABC?;5=85 87 8B>3> 68B8O. #G8B5;L G8B05B. -  G5< 3>2>@8B ?8D0=89 @5<C4@K9 2> 2ABC?;5=88? . <C 1K;> >184=>, GB> =8:B> =5 =0?8A0; 68B85 ?@5?>4>1=>3> !5@38O 04>=56A:>3>, 8 >= @5H8; A0< 53> =0?8A0BL. !B0; @0AA?@0H820BL 53> 1;87:8E - 8 B0: =0?8A0; 68B85. #. 0209B5 2A?><=8<, A G53> =0G8=05BAO ?>25ABL '0@A:>9. . ! B>3>, :0: @51OB0 83@0NB 2 H:>;C. #. 848O '0@A:0O <>3;0 =0G0BL ?>25ABL A @>645=8O 0@D>;><5O 8;8 A @0AA:070 > 4><5, 345 >= 68;.  2 B> 2@5<O, :>340 ?8A0; ?8D0=89 @5<C4@K9, 2A5 A>1KB8O 4>;6=K 1K;8 84B8 2 >?@545;5==>9 ?>A;54>20B5;L=>AB8. <5==> B0:0O :>=AB@C:F8O ;8B5@0BC@=>3> ?@>872545=8O ?>;CG8;0 =0720=85 68B85. VI. 5@5G8BK20=85 #. 0209B5 ?@54AB028<, GB> =0< =C6=> @0AA:070BL > 687=8 ?@5?>4>1=>3> !5@38O 04>=56A:>3> B5<, :B> > =5< =8G53> =5 7=05B. > :0:><C ?;0=C =04> =0G8=0BL @0AA:07? . ;0=: @>48B5;8, @>645=85, 2AB@5G0 A 8=>:><, N=>ABL. #. @>G8B09B5 B5:AB 5I5 @07 8 ?@83>B>2LB5AL : ?5@5A:07C :064>3> M?87>40. 5B8 2K?>;=ONB 7040=85. VII. >42545=85 8B>3>2 #. 0:>5 ?@>872545=85 <K A53>4=O G8B0;8? . 8B85 !5@38O 04>=56A:>3>. #. 0:85 >A>15==>AB8 68B8O 2K <>65B5 =0720BL? !"+ #  160 . 8B85 A>AB>8B 87 B@5E G0AB59.  >A=>2=>9 G0AB8 - AB@>30O ?>A;54>20B5;L=>ABL A>1KB89 >B @>645=8O 4> A<5@B8. ">@-65AB25==>ABL ?>25AB2>20=8O. VIII. ><0H=55 7040=85 #. ><0 ?>43>B>2LB5 @0AA:07 > 687=8 ?@5?>4>1=>3> ?> =0H5<C ?;0=C. .. ;N520 "5<0. 'B> BK 7=05HL > ?@5?>4>1=>< !5@388 04>=56A:><? &5;8. C@>:0. 1>1I8BL 8 70:@5?8BL 7=0=8O > ?@5?>4>1=><, !5@388; @072820BL .@5GL, ?0<OBL, <KH;5=85; 2>A?8BK20BL ?0B@8>B8G5A:85 GC2AB20, GC2AB2> B>20@8I5AB20. %>4 C@>:0 I. !>>1I5=85 B5<K C@>:0 #G8B5;L. !53>4=O <K C7=05<, E>@>H> ;8 2A5 @51OB0 70?><=8;8 68B85 ?@5?>4>1=>3> !5@38O. ;O MB>3> <K ?@>2545< 83@C. # <5=O =0 AB>;5 F25B=K5 D83C@K, ?CABL :064K9 ?>4>945B : AB>;C 8 2K15@5B A515 D83C@C. 5B8 2K18@0NB D83C@K. - "5?5@L B5, :B> 2K1@0; D83C@K >4=>3> F25B0, A>AB02OB >4=C :><0=4C. 5B8 3@C??8@CNBAO 2 :><0=4K ?> 4 6 G5;>25:. - 040=85 1. !59G0A O 7040< :><0=40< =5A:>;L:> 2>?@>A>2. "0 :><0=40, :>B>@0O 1KAB@55 ?>4=8<5B @C:C, 1C45B >B25G0BL. 0 :064K9 ?@028;L=K9 >B25B :><0=45 405BAO >4=> >G:>... 0: 720;8 ?@5?>4>1=>3> !5@38O 2 45BAB25? . 0@D>;><59. #. 0: 720;8 53> @>48B5;59? . 8@8;; 8 0@8O, #. ><C ?>A2OB8; ?@5?>4>1=K9 !5@389 F5@:>2L, 254O 8=>G5A:CN 687=L 2 ;5AC? 'B> BK 7=05HL > ?@5?>4>1=>< !5@388 04>=56A:><? 161 . @5A2OB>9 "@>8F5. #. 0:>5 GC4> ?@>87>H;> A ?@5?>4>1=K< !5@385< 5I5 4> @>645=8O? . >340 A2OB>9 =0E>48;AO 2 CB@>15 <0B5@8, >= B@864K ?@>:@8G0; 2 A0<KE 206=KE <5AB0E ;8BC@388. #. 0: 720;8 1@0BL52 ?@5?>4>1=>3> !5@38O? . !B5D0= 8 5B@. #. 0 :0:CN 18B2C 1;03>A;>28; ?@5?>4>1=K9 !5@389 :=O7O 8<8B@8O >=A:>3>? . 0 C;8:>2A:CN 18B2C. #. B> 87 A2OBKE O28;AO ?@5?>4>1=><C !5@38N 2<5AB5 A >6859 0B5@LN? . !2OBK5 0?>AB>;K 5B@ 8 >0==. #. B> 87 CG5=8:>2 ?@5?>4>1=>3> !5@38O =0?8A0; 8:>=C *"@>8F0? . @5?>4>1=K9 =4@59 C1;52. #. 040=85 2. 064>9 :><0=45 O @0740N AB8E>B2>@5=85 D0=0AL520 !E8<=8: 5@5A25B > C;8:>2A:>9 18B25, =0 :>B>@CN ?@5?>4>1=K9 !5@389 1;03>A;>28; 1;03>25@=>3> :=O7O 8<8B@8O >=A:>3> 8 40; 5<C 2 ?><>IL 42CE <>=0E>2-2>8=>2  5@5A25B0 8 A;O1N. > MB> AB8E>B2>@5=85 @07@570=> =0 =5A:>;L:> G0AB59. 0H0 7040G0 - 2>AAB0=>28BL ?>A;54>20B5;L=>ABL A>1KB89. >1548B B0 :><0=40, :>B>@0O ?5@2>9 A>15@5B AB8E>B2>@5=85 8 2K@078B5;L=> ?@>G8B05B 53>. #G8B5;L @07405B >B@K2:8 AB8E>B2>@5=8O. 1. ! E0=A:>9 A8;>9 18BLAO, >I=> >?>;G0AL, ' 02@C ?><>;8BLAO @81K; <8B@89 :=O7L. 2. >;28; :=O7N !5@389, >4020O <5G; - ! >3><! K=5 A25@3=5< 3> A =0H8E ?;5G. K B5?5@L =5 A;01K. 5 AB@0H8AL, 848 -5@5A25B A A;O159 . C4CB 2?5@548. >3 8 &5@:>2L A 20<8 @>B82 2A5E C3@>7. CAA:>9 A8;K 7=0<O A2OB8; %@8AB>A. !"+ #  3. >;5 C;8:>2>! @52=85 3>40! <8B@8O >=A:>3> 0BL ?@8H;0 AN40  8B2K 645B 157 AB@0E0, %>BL 8 3@>75= 2@03. ! =8<8 420 <>=0E0  AE8<5, =0 :>=OE. !:>@> 3@O=5B 18B20!  72CG0B 2 B8H8 >8=>2 <>;8B2K, 0: >4=>9 4CH8,  70 MB>9 @0BLN AO A2OB0O CAL: - !B>9B5 :@5?:>, 1@0BLO, / 70 20A <>;NAL! 4. >?89 ;5A 274K<0O, #B@><, 2 @0==89 G0A, AB0;0 @0BL 0<0O "CG59 ?@>B82 =0A. 5. 0G0; BCB E20;8BLAO 5:B> ' 5; C 159: - B> =5 ?>1>8BAO !8;CH:8 <>59? ->=L ?>4 =8< 3@><04=K9, !0<, :0: >;80D, !B@0H=K9 8 =5A:;04=K9,  B0:>9 65 =@02. = B@OA5B :>?L8I5<  F5;>5 1@52=>; - KE>48 E>BL BKI0, C45B 2A5< >4=>! 6. K57605B :>==K9  :C:>;5 A :@5AB><. ! ;8:><, 8AB><;5==K< 45=L5< 8 ?>AB><, -!E8<=8:, 1K2H89 2>8=; >B 8 >= A2>5 >4=O; 1>52>5 163 'B> BK 7=05HL > ?@5?>4>1=>< !5@388 04>=56A:><? ;8==>5 :>?L5. 57 I8B0, 157 ;0B >=,  AB@5<5=8 =>30 -  <0=B88 :@K;0B>9 G8BAO =0 2@030. ">B 5<C =02AB@5GC C@5N ;5B8B  >4 65;57>< ?;5G8, ABL 8 H;5<, 8 I8B. 7. !<>B@OB >10 2>9A:0 -B> :>3> A>1L5B, B> 87 =8E 35@>9A:8 1I89 1>9 =0G=5B... >B >=8 2A5 1;865, <5B :>?L5 @C:0, ->B A:;>=8;8AL =865, 5BO 2 3@C4L 2@030. 8. 0 4K1K 8E :>=8 07>< ?>4=O;8AL, 0B@5I0;8 :>?LO... @8:8 @0740;8AL... ">B 8 4@C3>9 C18BK! 0B8 A>H;8AL, 8 2>B 0?>;KE0;0 18B20 0 A<5@BL, =5 =0 682>B. 9. N48 :@8G0B: >1540! "@C1K B@C1OB: >1540! !;020 B5<, :B> ?>;53! E 40 ?@>A;028B >3! >9A:> =5A5B A A>1>N 5@2CN 65@B2C 1>O: =>G5AB20 B> F25B -!E8<=8: 5@5A25B.  7028A8<>AB8 >B ?>43>B>2:8 45B59 AB8E>B2>@5=85 <>6=> A>:@0B8BL. #. 040=85 3. 0 4>A:5 2K 2848B5 87>1@065=8O E@0<>2 "@>8F5-!5@3852>9 02@K. / 1C4C G8B0BL >?8A0=8O E@0<>2, 0 LL3 4>;6=K ?>:070BL 8E =0 4>A:5. !"+ #  164  7028A8<>AB8 >B ?>43>B>2:8 45B59 CG8B5;L <>65B =07K20BL E@0<K, 0 45B8 ~ ?>:07K20BL ;81> CG8B5;L B>;L:> >?8AK205B E@0<, 0 45B8 ?>:07K20NB 8 =07K20NB 53>. #. >AB@>5= =04 3@>1>< ?@5?>4>1=>3> !5@38O, 25AL 87 15;>3> :0<=O. 5@E E@0<0 25AL 2K7>;>G5=. =CB@8 C N6=>9 AB5=K ?>G820NB A2OBK5 <>I8 ?@5?>4>1=>3> (!5@38O. 5;57=0O 425@L, 254CI0O 2 N6=K9 ?@8B2>@, A>E@0=ONB =0 A515 ?@>1>8=C >B O4@0, ?>;CG5==CN 2> 2@5<O >A04K ?>;O:>2 2 1608 3>4C. . "@>8F:89 A>1>@. #. >74283=CB ?>A@548 02@K, A ?OBLN 1>;LH8<8 3;020<8. !@54=OO 3;020 ?>7>;>G5=0, 0 >AB0;L=K5 C:@0H5=K 7>;>BK<8 725740<8. . #A?5=A:89 A>1>@. #. 0E>48BAO A N6=>9 AB>@>=K <>=0ABK@O. !=0@C68 AB5=K 55 ?>:@KBK @07=>F25B=K<8 :@0A:0<8, >:=0 >1AB02;5=K @57=K<8 87 :0<=O :>;>==0<8, 2>:@C3 =55 845B >B:@KB0O 30;5@5O. . "@0?57=0O A F5@:>2LN ?@5?>4>1=>3> !5@38O 04>=56A:>3>. #. 0;5=L:0O F5@:>2L A >4=>9 3;02>N, >20;L=>9 D>@<K. . &5@:>2L >6859 0B5@8 4838B@88 (!<>;5=A:0O). #. 40=85 >3@><=>5, 25;8G5AB25==>5 8 87OI=>5, A>AB>8B 87 ?OB8 O@CA>2 8 8<55B 284 G5BK@5EC3>;L=>3> AB>;10, :>B>@K9 ?> <5@5 2>72KH5=8O A2>53> C<5=LH05BAO 2 >1J5<5. . >;>:>;L=O. #. 040=85 4. # 8488 '0@A:>9 5ABL ?>25ABL 48= 70 2A5E" > ?@5?>4>1=>< !5@388. / A59G0A 70G8B0N >B@K2:8, 0 2K ?>?@>1C9B5 >B25B8BL, :B> MB> A:070; 8 :><C. @5HL! FK MB>! >:>;5 B515 B25@48B2? !B0=>28AL =0 :>;5=8, ?@>BO=8 @C:C. . #G8B5;L - 0@D>;><5N. #. "B@>: MB>B 1C45B =5:>340 >18B5;LN @5A2OB>9 "@>8FK. . !B0@5F - @>48B5;O< 0@D>;><5O. #. @0B5F, =52<>3>BC... @82K: O : >18B5;8, BO=5B 2 <>=0ABK@A:CN :5;;8N. . !B5D0= - ?@5?>4>1=><C !5@38N. #. >1548H8 2@038 B2>O. . @5?>4>1=K9 !5@389 - :=O7N 8<8B@8N >=A:><C. #. 040=85 5. !59G0A :0640O :><0=40 ?>;CG8B :0@B>G:C A 87>1@065=85< M?87>40 87 687=8 ?@5?>4>1=>3> !5@38O. .'-><0=4K 4>;6=K 4>3040BLAO, GB> 87>1@065=> =0 @8AC=:0E. 0 >14C<K20=85 405BAO 2 <8=. 'B> BK 7=05HL > ?@5?>4>1=>< !5@388 04>=56A:><? 165 -?87>4K <>3CB 1KBL B0:8<8: 2845=85 >B@>:C 0@D>;><5N; ?@5?>4>1=K9 !5@389 2>A:@5H05B <0;LG8:0, ?@5?>4>1=K9 8 <54254L, 1;03>A;>25=85 :=O7O 8<8B@8O. 5B8 >B25G0NB. - 040=85 6. !59G0A :064K9 G;5= :><0=4K ?>;CG8B D;><0AB5@. 040G0 :><0=4K - =0 >4=>< 1>;LH>< ;8AB5 1C<038 87>1@078BL 70 5 <8= 284 "@>8F5-!5@3852>9 02@K. 1O70B5;L=>5 CA;>285: @8A>20BL 4>;6=K 2A5 G;5=K :><0=4K. 5B8 2K?>;=ONB 7040=85. - 040=85 7. 0640O :><0=40 ?>;CG05B :0@B>G:C A @CAA:>9 =0@>4=>9 ?>A;>28F59. 04> ?@825AB8 ?@8<5@ 87 687=8 ?@5?>4>1=>3>, 8;;NAB@8@CNI89 MBC ?>A;>28FC. #G8B5;L @07405B :0@B>G:8 A ?>A;>28F0<8. - B> @>48B5;59 ?>G8B05B, B>B 2>25:8 =5 ?>38105B. . @5?>4>1=K9 !5@389 ?>G8B0; A2>8E @>48B5;59. >340 >= E>B5; C9B8 2 <>=0ABK@L, @>48B5;8 ?>?@>A8;8 53> >AB0BLAO 8 ?>701>B8BLAO > =8E, 8 ?@5?>4>1=K9 !5@389 8E ?>A;CH0;AO. #. 8BL - >3C A;C68BL. . @5?>4>1=K9 !5@389 2AN A2>N 687=L ?>A2OB8; >3C. = 684 ?> >688< 70?>254O<, ;N18; >30. ! 45BAB20 >= ;N18; <>;8BLAO, G8B0BL 1>65AB25==K5 :=838; 2 N=>AB8 >= CH5; 2 ;5A, GB>1K =8:B> =5 <5H0; 5<C <>;8BLAO. #. >A;CH0=85 ?0G5 ?>AB0 8 <>;8B2K. . B@>: 0@D>;><59 ?>A;CH0;AO AB0@F0, :>340 B>B 25;5; 5<C G8B0BL :=83C. 0@D>;><5N 1K;> ABK4=>, 254L >= =5 C<5; G8B0BL, => >= ?>A;CH0;AO AB0@F0 8 ;53:> ?@>G8B0;. >B>< >= ?>A;CH0;AO A2>8E @>48B5;59, :>340 >=8 ?>?@>A8;8 53> =5 !B0=>28BLAO <>=0E>< 4> 8E A<5@B8. #. #<=K9 A<8@O5BAO, 3;C?K9 =04C205BAO. . @5?>4>1=K9 !5@389 68; >G5=L A:@><=>. 4=064K : =5<C ?@8H5; :@5ABLO=8=, 0 2 MB> 2@5<O A2OB>9 @01>B0; =0 >3>@>45. >340 :@5ABLO=8=C =0 =53> C:070;8, B> >= =5 ?>25@8; <>=0E0< 8 >3>@G8;AO, GB> =5 C2845; ?@5?>4>1=>3> !5@38O. > BCB 2 <>=0ABK@L ?@85E0; :=O7L, 8 :@5ABLO=8= C2845;, GB> :=O7L 15@5B 1;03>A;>25=85 C B>3> AB0@F0, :>B>@>3> >= =0720; =8I8<. @5ABLO=8= @0A:0O;AO 2 A2>5< ?>ABC?:5, 8 ?@5?>4>1=K9 53> CB5H8;. #. ! <>;8B2>N 2 CAB0E, A @01>B>N 2 @C:0E. 166 !"+ #  . "0: 68; ?@5?>4>1=K9 !5@389 A 45BAB20. =>3> <>;8;AO, => 8 @01>BK =5 871530;, E>BO 1K; 1>O@A:8< AK=><. #. 040=85 8. # <5=O 2 @C:0E H:0BC;:0, 0 GB> B0<, ?@54AB>8B 20< C3040BL. ;O MB>3> :><0=4K ?> >G5@548 7040NB 2>?@>AK, =0 :>B>@K5 <>6=> >B25B8BL 540 8;8 =5B. >A;5 B>3> :0: 2K >B30405B5, GB> ?@OG5BAO 2 H:0BC;:5, 2K 4>;6=K A:070BL, :0:>5 >B=>H5=85 MB0 25IL 8<55B : ?@5?>4>1=><C !5@38N.  H:0BC;:5 =0E>48BAO 45@52O==0O 83@CH:0 8;8 ;>6:0. !> 2@5<5= ?@5?>4>1=>3> !5@38O 2 "@>8F5-!5@385 2>9 02@5 70=8<0;8AL @57L1>9 ?> 45@52C, 0 B0:65 45@52O==K5 25I8 1K;8 1;03>A;>25=85< <>=0ABK@O. - 0 MB>< =0H :>=:C@A 70:0=G8205BAO. >4AG8BK20NBAO >G:8 8. 2K18@05BAO ?>1548B5;L. .. ;N520 "5<0. !2OB>9 0?>AB>; >0== >3>A;>2 &5;8. C@>:0. >7=0:><8BL A 68B85< A2OB>3> >0==0 >3>A;>20,) 53> B@C40<8; ?>2B>@8BL =5:>B>@K5 A>1KB8O >2>3> 025B0, %>4 C@>:0 I. !>>1I5=85 B5<K C@>:0 #G8B5;L, B30409B5 70304:C. K; ?@>ABK< >= @K10:><, B:@>25=8O ?>B>< . = A?>4>18;AO GC45A=>, ; =5 A;04:>, 68; >= B5A=>, . >45B 1K; >G5=L ?@>AB> >689 4@C3, A2OB>9... 5B8- ?>AB>;. #. !53>4=O O @0AA:06C 20< >1 >4=>< 87 0?>AB>;>2.  :>3> <K =07K205< 0?>AB>;0<8? . ?>AB>;K - CG5=8:8 8ACA0 %@8AB0. #. A?><=8< 8<5=0 425=04F0B8 0?>AB>;>2. !2OB>9 0?>AB>; >0== >3>A;>2 167 . 5B@, =4@59, 0:>2, >0==, $8;8??, 0D0=08;, 0BD59, $><0, 0:>2, $04459, !8<>=, C40 A:0@8>B. #. !53>4=O <K ?>3>2>@8< > A0<>< ;N18<>< CG5=8:5 >A?>40 ~ >1 0?>AB>;5 >0==5 >3>A;>25. II. >2B>@5=85 #. !2OB>9 >0== >3>A;>2 1K; AK=>< @K10:0. !=0G0;0 >= 1K; CG5=8:>< 25;8:>3> ?@>@>:0 8 @54B5G8 >A?>40 >0==0 @5AB8B5;O. 'B> 2K > =5< 7=05B5? . >0== @5AB8B5;L 3>B>28; ;N459 : 2AB@5G5 A %@8AB><. = :@5AB8; >A?>40 2 >@40=5, #. >340 8ACA ?@8H5; :@5AB8BLAO, B> >0== @5AB8B5;L A:070; A2>8< CG5=8:0<; >B 3=5F >689, >B>@K9 15@5B =0 !51O 3@5E <8@0. 'B> >= 8<5; 2 284C? . 'B> 8ACA %@8AB>A ?>AB@0405B 70 3@5E8 2A5E ;N459, GB>1K A?0AB8 8E >B 25G=>9 A<5@B8. #. #A;KH02 MB8 A;>20, A2OB>9 >0== 8 4@C3>9 CG5=8: -=4@59 - ?>H;8 70 8ACA>< %@8AB><. !?0A8B5;L C2845; 8E 8 A?@>A8;; 'B> 20< =04>1=>? =8 A:070;8: #G8B5;L, 345 "K 6825HL? %@8AB>A >B25B8;: >948B5 8 C2848B5. >0== 8 =4@59 ?>H;8 8 ?@>1K;8 C !?0A8B5;O 25AL 45=L. -B> 1K;0 ?5@20O 2AB@5G0 0?>AB>;0 >0==0 A %@8AB><. '5@57 =5:>B>@>5 2@5<O >0== A> A2>8< 1@0B>< 0:>2>< A845;8 =0 15@53C 0;8;59A:>3> <>@O 8 G8=8;8 A5B8. 8<> ?@>E>48; %@8AB>A. = ?>720; 1@0BL52 A !>1>9.  >=8 B>BG0A 65 >AB028;8 A2>N @01>BC 8 ?>H;8 70 %@8AB><. >A;5 MB>3> >0== C65 =02A5340 >AB0;AO A> !?0A8B5;5< 8 AB0; 3> ;N18<K< CG5=8:><. ?>AB>; >0== ?@8ACBAB2>20; ?@8 2A5E 3;02=KE A>1KB8OE 75<=>9 687=8 8ACA0 %@8AB0. 0 4>A:5 2K 2848B5 B5 A>1KB8O 87 687=8 !?0A8B5;O, ?@8 :>B>@KE ?@8ACBAB2>20; A2OB>9 >0==. 0745;8B5AL =0 3@C??K. 0640O 3@C??0 4>;6=0 :@0B:> @0AA:070BL >1 >4=>< 87 A>1KB89.  :;0AA5 A> A;01>9 ?>43>B>2:>9 <>6=> 40BL MB> 7040=85 70 =545;N 4> C@>:0, GB>1K 45B8 70@0=55 ?>43>B>28;8AL. 1. >A:@5H5=85 4>G5@8 08@0. 2. @5>1@065=85. 168 !"+ #  3. "09=0O 5G5@O. 4. >GL 2 5DA8<0=A:>< A04C. 5. !C4 8 @0A?OB85. @C??0 1. >A:@5H5=85 4>G5@8 08@0. # >4=>3> G5;>25:0 >?0A=> 701>;5;0 548=AB25==0O 425=04F0B8;5B=OO 4>GL. = ?@8H5; : !?0A8B5;N 8 ?@>A8; ?@89B8 : =5<C 2 4><. > ?>:0 >=8 H;8 : 4><C, 452>G:0 C<5@;0. >4=K5 3>@L:> ?;0:0;8, => >A?>4L A:070;: 5 ?;0GLB5. =0 =5 C<5@;0, 0 A?8B. !?0A8B5;L 2>H5; 2 4><, ?>4>H5; : 452>G:5, 27O; 55 70 @C:C 8 A:070;: AB0=L!  452>G:0 >68;0. #. > 2@5<O 2>A:@5H5=8O 4>G5@8 08@0 A2OB>9 >0== =0E>48;AO @O4>< A> !?0A8B5;5< 8 2845; MB> GC4>. @C??0 2. @5>1@065=85. 4=064K !?0A8B5;L A 0?>AB>;0<8 5B@><, 0:>2>< 8 >0==>< ?>4=O;AO =0 3>@C $02>@ 8 AB0; <>;8BLAO. #G5=8:8 2 MB> 2@5<O CA=C;8. 4@C3 8E @071C48; =5>1K:=>25==K9 A25B, 8 >=8 C2845;8, GB> ;8F> !?0A8B5;O '?@>A8O;> :0: A>;=F5, 0 >4564K 3> A45;0;8AL 15;K<8, :0: " A25B.  2>B O28;8AL ?@>@>:8 >8A59 8 ;8O 8 15A54>20;8 A 8ACA><.  MB> 2@5<O >1;0:> >A5=8;> 8E, 8 87 =53> ?>A;KH0;AO 3;0A: -B> !K= <>9 2>7;N1;5==K9, 3> A;CH09B5. =570?=> 2A5 8AG57;>, 8 CG5=8:8 C2845;8 8ACA0 >4=>3>. = ?>25;5; 8< =5 @0AA:07K20BL =8:><C > B><, GB> >=8 2845;8, ?>:0 =5 " 2>A:@5A=5B 87 <5@B2KE. @C??0 3. "09=0O 5G5@O. 8ACA %@8AB>A A> A2>8<8 CG5=8:0<8 A>1@0;8AL 2<5AB5 2 3>@=8F5, GB>1K ?@074=>20BL 8C459A:CN 0AEC. > 2@5<O MB>9 "09=>9 5G5@8 1K;> CAB0=>2;5=> 3;02=>5 F5@:>2=>5 B08=AB2> - @8G0I5=85. #. > 2@5<O "09=>9 5G5@8 0?>AB>; >0== 2>7;560; =0 3@C48 %@8AB0.  :>340 !?0A8B5;L A:070;: 48= 87 20A ?@540AB 5=O, >0== A?@>A8;: >A?>48, :B> MB>? ">340 8ACA %@8AB>A A:070; 5<C B8E>, B0:, GB>1K =8:B> =5 CA;KH0;: ">B, :><C / ?>40< :CA>: E;510.  ?>40; :CA>: C45 A:0@8>BC. "0: ?>25AB2C5B 20=35;85, =0?8A0==>5 0?>AB>;>< >0==>< >3>A;>2><. @C??0 4. >GL 2 5DA8<0=A:>< A04C. >A;5 "09=>9 5G5@8 %@8AB>A 27O; A A>1>9 CG5=8:>2 8 ?>H5; 2 5DA8<0=A:89 A04, 345 <>;8;AO BFC, GB>1K <8=>20;0 3> G0H0 AB@040=89.  :@>202K9 ?>B 2KABC?8;, =0 ;8F5 53>.  CG5=8:8 3> :@5?:> !2OB>9 0?>AB>; >0== >3>A;>2 169 CA=C;8.  MB> 2@5<O BC40 ?@8H5; C40 A. 2>8=0<8, >=8 AE20B8;8 %@8AB0, 0 CG5=8:8 2 AB@0E5 @071560;8AL, B>;L:> 5B@ 8 >0== 8740;8 A;548;8, :C40 ?>25;8 !?0A8B5;O. @C??0 5. !C4 8 @0A?OB85. 8ACA0 %@8AB0 ?>25;8 =0 AC4 : 8C459A:><C ?5@2>A2OI5==8:C, 8 B>B >128=8; 3> 2 1>3>EC;LAB25, B0: :0: = =0720; !51O !K=>< >688<. >B>< 8C458 >B25;8 !?0A8B5;O : @8<A:><C ?@028B5;N 8;0BC 8 ?>B@51>20;8, GB>1K >= ?@83>2>@8; %@8AB0 : A<5@B=>9 :07=8. 8;0B =5 =0H5; =0 5< 28=K, =>, CABC?0O B@51>20=8N 8C4552, >B40; %@8AB0 =0 18G520=85 8 @0A?OB85. 8ACA0 ?@825;8 =0 3>@C >;3>DC, 345 3> @0A?O;8 =0 @5AB5. #. @8 @0A?OB88 8ACA0 %@8AB0 >0== =0E>48;AO @O4><, BCB 65 AB>O;0 8 >68O 0B5@L. !?0A8B5;L A:070; !2>59 0B5@8; 5=>, MB> AK= "2>9.  ?>B>< >1@0B8;AO : 0?>AB>;C >0==C 8 A:070;: -B> 0BL B2>O. ?>AB>; >0== 27O; >68N 0B5@L : A515 2 4>< 8 701>B8;AO > 59 4> A0<>9 5 A<5@B8. III. !>>1I5=85 =>2>3> <0B5@80;0 #. >A;5 >A:@5A5=8O 8 >7=5A5=8O 8ACA0 %@8AB0 A2OB>9 >0== ?@>?>254>20; 2 5@CA0;8<5. 4=064K >= 8 0?>AB>; 5B@ ?@8H;8 2 E@0<. :>;> E@0<0 A845; E@><>9 G5;>25: 8 ?@>A8; <8;>ABK=N. ?>AB>; 5B@ A:070;: 5=53 C =0A =5B, => <K 4048< B515 B>, GB> 8<55<: 8<5=5< 8ACA0 %@8AB0 2AB0=L 8 E>48! %@><>9 =5<54;5==> 8AF5;8;AO. >A;5 MB>3> <=>65AB2> =0@>40 AB0;> E>48BL 70 0?>AB>;0<8, A;CH0BL 8E ?@>?>2548 8 <=>385 C25@>20;8 2> %@8AB0. ">340 8C459A:85 2;0AB8 0@5AB>20;8 0?>AB>;>2 8 70?@5B8;8 8< ?@>?>254>20BL. > 5B@ 8 >0== A:070;8 8< 2 >B25B: !?@0254;82> ;8 ?5@54 >3>< A;CH0BL 20A 1>;LH5, G5< >30? K =5 <>65< =5 3>2>@8BL B>3>, GB> 2845;8 8 A;KH0;8. ">;L:> ?>A;5 B>3>, :0: C<5@;0 >68O 0B5@L, 0?>AB>; >0== ?>H5; =0 ?@>?>254L > %@8AB5 2 4@C385 3>@>40 8 AB@0=K. ABL B0:>5 ?@540=85. 4=064K 2 >4=>< 3>@>45 >= C2845; N=>HC, :>B>@K9 A 8=B5@5A>< A;CH0; ?@>?>254L. ?>AB>; ?>720; <>;>4>3> G5;>25:0 : A515, 4>;3> 15A54>20; A =8< 8 ?>=O;, GB> N=>-H0 4CH>9 3>B>2 ?@8=OBL %@8AB0, => =5B C =53> B25@4>9 25@K. <C =C65= =0456=K9 4@C3 8 A>25BG8:, - ?>4C<0; >0==, -- 0 B> A>1L5BAO >= A 4>1@>3> ?CB8 8 ?>945B 70 4C@=K<8 ;N4L<8. 5@54 B5< :0: C9B8 87 MB>3> 3>@>40, 0?>AB>; >B25; N=>HC : <5AB=><C 5?8A:>?C 8 ?>?@>A8; ?>701>B8BLAO > =5<. ?8A:>? 170 !"+ #  >15I0;, >= 27O; N=>HC : A515 2 4>< 8 >:@5AB8; 53>, => ?>B>< ?5@5AB0; > =5< 701>B8BLAO. >;>4>9 G5;>25: A:>@> ?>?0; 2 ?;>ECN :><?0=8N 8 AB0; 0B0<0=>< @071>9=8:>2. '5@57 =5:>B>@>5 2@5<O 0?>AB>; >0== 25@=C;AO 2 3>@>4, ?@8H5; : 5?8A:>?C 8 AB0; A?@0H820BL ?@> N=>HC. ?8A:>? A:070;, GB> B>B AB0; @071>9=8:><. ">340 0?>AB>; 27O; :>=O 8 ?>5E0; 8A:0BL 53>. B0<0= C2845; 0?>AB>;0, A<CB8;AO 8 1@>A8;AO 1560BL >B =53>. !2OB>9 >0== 1560; 70 =8< 8 :@8G0;; 5 1>9AO, 5I5 5ABL C B51O =045640 =0 A?0A5=85! 0 B51O O 3>B>2 ?@8=OBL A<5@BL, B>;L:> >AB0=>28AL, ?>25@L <=5, GB> O ?>A;0= : B515 >B >A?>40. #A;KE02 MB>, @071>9=8: A> A;570<8 ?@81;878;AO : A2OB><C 8 >1=O; 53>. !2OB>9 >0== 27O; N=>HC 8 701>B8;AO > =5<, ?>:0 =5 CB25@48; 2 E@8AB80=A:>9 687=8. @>?>254>20; A2OB>9 0?>AB>; 8 2 8<5 2> 2@5<O 3>=5=89 =0 E@8AB80=. !2OB>9 >0== 1K; B>65 AE20G5= 8 >AC645= =0 <CG5=8O. 3> 1@>A8;8 2 :>B5; A :8?OI8< <0A;><, => >= >AB0;AO A>25@H5==> =52@548<. >A;5 MB>3> GC40 8<?5@0B>@ A>A;0; A2OB>3> =0 >AB@>2 0B<>A. "0< >A?>4L >B:@K; 5<C 1C4CI85 AC4L1K <8@0, >1 MB>< A2OB>9 >0== =0?8A0; 2 :=835, :>B>@0O =07K205BAO ?>:0;8?A8A, 8;8 B:@>25=85. . >A;5 A<5@B8 8<?5@0B>@0 A2OB>3> >0==0 >A2>1>48;8 87 AAK;:8, 8 >= ?@>4>;60; A2>N ?@>?>254L 8 =0?8A0; >4=> 87 G5BK@5E 20=35;89, @0AA:0702 2 =5< 2A5, GB> 7=0; > 75<=>9 687=8 !?0A8B5;O. >MB><C A2OB>3> >0==0 <K =07K205< 520=35;8AB><. !2OB>9 >0== >3>A;>2 4>68; 4> 3;C1>:>9 AB0@>AB8. >340 >= AB0; B0: A;01, GB> =5 <>3 E>48BL, CG5=8:8 ?@8=>A8;8 53> 2 E@0< =0 =>A8;:0E.  A2OB>9 2A5 2@5<O ?>2B>@O; A2>8 ;N18<K5 A;>20: 5B8, ;N18B5 4@C3 4@C30. 3> :B>-B> A?@>A8;, ?>G5<C >= ?>AB>O==> MB> 3>2>@8B. ?>AB>; >B25B8;: -B> A0<0O 3;02=0O 70?>254L. B> 55 8A?>;=8B, B>B 8A?>;=8B 70:>= %@8AB>2. 5@54 A<5@BLN A2OB>9 0?>AB>; 25;5; 2K:>?0BL A515 <>38;C 8 ;53 2 =55, ?>?@>A82 >AB028BL 53> >4=>3>. '5@57 =5:>B>@>5 2@5<O CG5=8:8 25@=C;8AL, => <>38;0 1K;0 ?CAB0... IV. 0:@5?;5=85 #. 0: A2OB>9 >0== >3>A;>2 AB0; CG5=8:>< %@8AB0? @8 :0:8E A>1KB8OE 75<=>9 687=8 !?0A8B5;O ?@8ACBAB2>20; A2OB>9 >0==? '5< 70=8<0;AO 0?>AB>; >0== ?>A;5 >7=5A5=8O? @074=8: >:@>20 >6859 0B5@8 171 0 GB> 1K;8 0@5AB>20=K 0?>AB>;K 5B@ 8 >0==? 0: A2OB>9 >0== >:070;AO =0 >AB@>25 0B<>A? >G5<C A2OB>3> >0==0 =07K20NB 520=35;8AB><? '5<C CG8; A2OB>9 >0== >3>A;>2? 0AA:068B5 > A<5@B8 0?>AB>;0 >0==0. V. >42545=85 8B>3>2 #.  :0:>< A2OB>< <K A53>4=O 3>2>@8;8? 'B> 87 53> 687=8 20< 70?><=8;>AL? ><0 A45;09B5 @8AC=:8 8;8 =0?8H8B5 @0AA:07 =0 B5<C 0: ?@>O2;O5BAO ;N1>2L : 1;86=5<C. .. ;N520 "5<0. @074=8: >:@>20 >6859 0B5@8 &5;8 C@>:0. >7=0:><8BL A 8AB>@859 2>7=8:=>25=8O ?@074=8:0, A 68B8O<8 A2OB>3> =4@5O 8 ?@5?>4>1=>3> ><0=0 !;04:>?52F0; @072820BL @5GL 8 <KH;5=85 CG0I8EAO. %>4 C@>:0 I. !>>1I5=85 B5<K C@>:0 #G8B5;L. !53>4=O <K ?>3>2>@8< > ?@074=8:5 >:@>20;  GB> 7=0G8B ?>:@>2? 5B8. -B> B>, G5< ?>:@K20NB GB>-=81C4L. #. 14 >:BO1@O @02>A;02=0O &5@:>2L >B<5G05B ?@074=8: >:@>20 >6859 0B5@8.  MB>B 45=L <K 2A?><8=05<, GB> 520 0@8O ?>:@K205B =0A !2>8< ?>:@>2><, 70I8I05B =0A >B 2AO:8E 154. >A;CH09B5, :0: >1 MB>< ?@074=8:5 3>2>@8B <0;LG8:, 35@>9 ?>25AB8 20=0 (<5;520 5B> >A?>4=5. "0: 2>B GB> MB> - >:@>2! -B> - B0<, 2KA>:>, 70 725740<8: B0< - >:@>2, 2AN 75<;N ?>:@K205B, >3@06405B. >@:8= 3>2>@8B: !0<0 @5G8AB0O =0 1>;LH>9 2KA>B5 AB>8B, A @5AB8B5;5< >A?>4=8< 8 B2>8< 0=35;>< - 20=->3>A;>2>< 8 A> 0=35;LA:8<8 2>8=AB20<8 8 45@68B =04 2A59 75<;59 25;8:89 >:@>2 - ><>D>@, 8 >A2OI05BAO =51> 8 75<;O, 8 2A5 F5@:28 70A25BOBAO, 8 ;N48 2>725A5;OBAO. 172 .!"+ #   O - C286C? 5B: .40;5:>, 70 725740<8.  >48= A2OB>9 G5;>25: 2845;, 4045=> 5<C 1K;> 2845BL 8 =0< 2>725AB8BL - 2 AB0@8==>< B> 3@045 1K;>, -- GB>1K =5 CAB@0H8;8AL ;N48, 0 68;8 - @04>20;8AL. - >B><C, <8;>:, 8 =5 AB@0H=> =0< =8G53>, ?>4 B0:8<-B> >:@>2><. 'B8 3>2>@8B <0;LG8: 0=O >1 MB>< ?@074=8:5? . = 3>2>@8B, GB> >6LO 0B5@L 70I8I05B 2A5E ;N459 !2>8< ?>:@>2><.  5I5 >= E>G5B C2845BL MB>, => =5 <>65B, 8 3>2>@8B, GB> >48= G5;>25: MB> 2845;. II. 7CG5=85 =>2>3> <0B5@80;0 #. %>B8B5 C7=0BL, GB> 70 G5;>25: A<>3 C2845BL B0:>5 GC4>? -B>3> G5;>25:0 720;8 =4@59, 2 45BAB25 >= ?>?0; 2 ?;5=, => .5<C ?>257;>: 53> E>7O8=>< >:070;AO 4>1@K9 G5;>25:, >= 2>A?8B0; =4@5O :0: A2>53> AK=0. >340 <0;LG8: 2K@>A, >= ?@8=O; ?>4283 N@>4AB20. >3> =07K20NB N@>482K<8? . -B> ;N48, :>B>@K5 ?@8B2>@O;8AL 157C<=K<8, 0 =0 A0<>< 45;5 >1;8G0;8 ;N4A:85 3@5E8 8 <>;8;8AL 70 ;N459. #. 0, B0:8< 1K; A2OB>9 =4@59: 68; >= ?>40O=85<, ?> =>G0< <>;8;AO 70 B5E, :B> 3=0; 53> 4=5<. 4=064K E>;>4=>9 78<>9 =4@59 70<5@7 2 A=53C, => =5 C<5@, 0 1K; 2>AE8I5= 2 @09, 345 2845; !0<>3> >A?>40 8 <=>38E A2OBKE. 5 C2845; >= B>;L:> @5A2OB>9 >3>@>48FK, >:070;>AL, GB> =0 CH;0 =0 75<;N ?><>30BL ;N4O<. A:>@5 A2OB>9 1K; 2>72@0I5= =0 75<;N 8 C2845; >3>@>48FC =5 =0 =515, 0 =0 75<;5. K;> MB> B0:. >@>4, 345 68; A2OB>9 =4@59, >:@C68;8 2@038, 8 68B5;8 A>1@0;8AL 2 F5@:20E, GB>1K ?><>;8BLAO >1 87102;5=88 3>@>40 >B 2@03>2. !2OB>9 =4@59 8 53> CG5=8: ?8D0=89 B>65 1K;8 2 E@0<5.  24@C3 A2OB>9, ?>4=O2 3>;>2C, C2845; &0@8FC 515A=CN. =0 H;0 ?> 2>74CEC, >:@C65==0O 0=35;0<8 8 A2OBK<8, 0 @O4>< A 59 H;8 0?>AB>; >0== >3>A;>2 8 @5AB8B5;L >A?>45=L >0==. @5A2OB0O 520 AB0;0 =0 :>;5=8 8 =0G0;0 <>;8BLAO, 0 ?>B>< =0 A=O;0 A> !2>59 3>;>2K ?>:@K20;> 8 @0A?@>AB5@;0 53> =04 ;N4L<8, 70I8I0O 8E >B 2@03>2. -B> GC4> 2845;8 B>;L:> A2OB>9 =4@59 8 ?8D0=89, >=8 @0AA:070;8 > =5< 2A5< ;N4O<, 8 MB>B @0AA:07 ?@>8725; A8;L=>5 2?5G0B;5=85. @074=8: >:@>20 >6859 0B5@8 178 0209B5 @0AA<>B@8< 8:>=C >:@>20 >6859 0B5@8. 'B> 2K =0 =59 2848B5? . 0 8:>=5 87>1@065= E@0<, 2 =5< ;N48, 0 =04 =8<8 >68O 0B5@L. #. >A<>B@8B5 =0 8:>=C. 848B5 G5;>25:0 2 ?@>AB>9 >45645, 1>A8:><? -B> A2OB>9 =4@59, 0 @O4>< A =8< 53> CG5=8: ?8D0=89.  F5=B@5 8:>=K AB>8B 480:>=. 'B> MB> 70 G5;>25:? . = ?><>305B A2OI5==8:C A>25@H0BL A;C61C. #, -B>3> 480:>=0 7>2CB ><0= !;04:>?525F. !59G0A O @0AA:06C 20< 53> 68B85, 0 2K ?>4C<09B5, ?>G5<C >= 87>1@065= =0 MB>9 8:>=5. !2OB>9 ><0= ?@8A;C6820; 2 F5@:28. %>BO >= 1K; <>;>4 8 '=53@0<>B5=, ?0B@80@E =07=0G8; 5<C B0:>5 65 60;>20=L5, :0: 8 4@C38< A;C68B5;O<, 0 8< MB> =5 ?>=@028;>AL, 8 >=8 @5H8;8 ?>4HCB8BL =04 A2OBK<. 4=064K 2> 2@5<O A;C61K >=8 AE20B8;8 ?@5?>4>1=>3> ><0=0 8, ?>AB0282 53> ?>A@548 F5@:28, ?@54;>68;8 5<C ?@>?5BL ?5A=>?5=8O. >425@3H89AO B0:><C >A:>@1;5=8N, A>2A5< =5 C<52H89 ?5BL. ><0= 3>@L:> 70?;0:0;. >A;5 A;C61K >= 4>;3> <>;8;AO ?5@54 >1@07>< >3>@>48FK, ?@>AO 5 ?><>I8. >A;5 MB>3> ><0= 70A=C;, 8 2> A=5 5<C O28;0AL @5A2OB0O 520, =0 2@CG8;0 5<C <0;5=L:89 A28B>: 8 25;5;0 53> ?@>3;>B8BL. >340 ?@5?>4>1=K9 ><0= ?@>A=C;AO, B> ?>GC2AB2>20;, GB> >= =0CG8;AO 3@0<>B5 8 ?5=8N. 1@04>20==K9 ><0= ?>1;03>40@8; >3>@>48FC 70 5 40@ 8 ?>A?5H8; 2 F5@:>2L. ><0= A<5;> 2KH5; 2?5@54 8 70?5; :>=40: >645AB20. >B>< ?0B@80@E @C:>?>;>68; A2OB>3> ><0=0 2> 480:>=0. ! B5E ?>@ ><0= =0?8A0; <=>65AB2> ?5A=>?5=89, :>B>@K5 8 A59G0A ?>NBAO 2 F5@:28. "5?5@L >B25BLB5 =0 2>?@>A: ?>G5<C ?@5?>4>1=K9 ><0= 87>1@065= =0 8:>=5 >:@>20? . >B><C GB> >68O 0B5@L !2>8< ?>:@>2>< 70I8B8;0 53> >B =0A<5H5:. #. >3>@>48F0 A2>8< ?>:@>2>< >E@0=O5B 2A5E =0A, >1 MB>< AB8E>B2>@5=85 CB5=8=0 A5=L. >:@>2. !;O:>BL ?CABL 8 1574>@>6L5 -5 A:CG09, ?>BC?O 27>@! 54L =04 =0<8 0B5@L >6LO @>AB8@05B ><>D>@! 174 !"+ #  B 2A53> =0 A25B5 7;>3> 5A, 8 ?>;5, 8 4><0 -#:@K205B 2A5E >:@>2>< >3>@>48F0 !0<0!  G5< 3>2>@8BAO 2 MB>< AB8E>B2>@5=88? .  B><. GB> =5 =04> =8G53> 1>OBLAO, ?>B><C GB> >3>@>48F0 2A5340 70I8B8B =0A, 5A;8 <K ?>25@8< 2 5 A2OBCN ?><>IL. #. !CI5AB2C5B <=>3> @0AA:07>2 > B><, :0: >3>@>48F0 A?0A0;0 ;N459. >65B 1KBL, :B>-=81C4L 87 20A 7=05B B0:CN 8AB>@8N? 5B8 >B25G0NB. -  A59G0A O B>65 E>GC @0AA:070BL 20< >4=C B0:CN 8AB>@8N > B><, :0: >68O 0B5@L A?0A;0 45B59. > 2@5<O 2>9=K @5H5=> 1K;> >B?@028BL 45B59 =0 3@C7>28:0E ?>40;LH5 >B D@>=B0. 'B>1K <0H8=K =5 ?>?0;8 ?>4 1><156:C, 5E0BL @5H8;8 =>GLN. >@>30 H;0 ?> ;5AC, 8 2 B5<=>B5 >4=0 <0H8=0 A>H;0 A 4>@>38, AB0;8 55 8A:0BL, => B0: 8 =5 =0H;8, 0 ?>5E0;8 40;LH5 ?>;5<. 4@C3 ?5@54 ?>B5@O2H59AO <0H8=>9 2>7=8:;0 65=I8=0. =0 <>;G0 AB>O;0 A @0A:8=CBK<8 @C:0<8. (>D5@ 2KA:>G8; 87 :018=K, => =0 4>@>35 C65 =8:>3> =5 1K;>. 0H8=K B@>=C;8AL, => BC3 65 =0 ?>O28;0AL 2=>2L, B>340 H>D5@ 2KH5; 87 :018=K 8 ?@>H5; =5<=>3> 2?5@54  B0< 1K; >1@K2. "0: >68O 0B5@L A?0A;0 45B59. 0 CA8 >G5=L ?>G8B0;AO ?@074=8: >:@>20, 2 G5ABL =53> AB@>8;>AL <=>65AB2> E@0<>2, ?8A0;8AL 8:>=K. 081>;55 8725AB=0 A:>2>->:@>2A:0O 8:>=0, :>B>@0O A?0A;0 A:>2 >B =0H5AB28O ?>;LA:8E =>9A:. III. 0:@5?;5=85 <0B5@80;0 #. >A;CH09B5 AB8E>B2>@5=85 5;LH0 >:@>2 @5A2OB>9 >3>@>48FK 8 A:068B5, > :0:8E A>1KB8OE 2 =5< 3>2>@8BAO.  A2OB>< &0@5-3@045 B2>@8B ?0B@80@E > E@0<5 ;0E5@=A:>< <>;5=L5, ! =8< <>;8BAO 2<5AB5 52, <C4@K9 <>=0@E, @>AO >B 2@03>2 87102;5=LO. @54 8:>< @5G8AB>9 B0< : ?>;C ?@8=8: ;02>N =4@59 N@>482K9,  A =8< ?8D0=89, 53> CG5=8:, @074=8: >:@>20 >6859 0B5@8 175  <>;8B25 AB>8B <>;G0;82>. 4@C3 E@0< >70@8;AO =515A=K< >3=5<,  =5< 25;85 GC4> A25@H8;>AL: !@548 E5@C28<>2, 2 25;8GL8 A2OB>< @5G8AB0O .0B5@L O28;0AL. >;OI8EAO 2 E@0<5 CA5@4=> ;N459 >:@K;0 =0 ><>D>@><... "K 2848HL ;8, 2848HL ;8? - 2A:@8:=C; =4@59, ! 1;8AB0NI8< @04>AB=> 27>@><.  <>;28; 5<C ?8D0=89 2 >B25B: 0, >BG5: @5G8AB0O 520 >:@>2>< !2>8< =0A A?0A05B >B 154, B 2@06L53> AB@0H=>3> 3=520! , 1@>A82H8 ;035@L A2>9, 7;>9 A0@0F8= 560; 87-?>4 AB5= &0@O-3@040 -- 0153C =525@=KE, A28@5?KE 4@C68= @54AB0;0 =57@8<> ?@53@040. 74@52;5 %@8AB>2 =5?@5;>6=K9 70:>= @8=O2H8 87 @C: 870=B88,  <K A =570?0<OB=KE, 4@52=8E 2@5<5= A5 <>;8<AO 525 0@88.  G5< 3>2>@8BAO 2 MB>< AB8E>B2>@5=88? .  B><, :0: &0@L3@04 >:@C68;8 2@038 8 2A5 AB0;8 <>;8BLAO >1 87102;5=88 >B 2@03>2.  B>340 N@>482><C =4@5N 8 ?8D0=8N 1K;> 2845=85: >=8 C2845;8, :0: >68O 0B5@L ?>:@K205B 2A5E <>;OI8EAO !2>8< ?>:@>2><. >A;5 MB>3> 2@038 1560;8 >B 3>@>40. ! B5E ?>@ @02>A;02=0O &5@:>2L ?@074=C5B MB> A>1KB85. IV. >42545=85 8B>3>2 #.  G5< <K A53>4=O A 20<8 3>2>@8;8? 'B> 20< >A>15==> 70?><=8;>AL? B25BK 45B59. V. ><0H=55 7040=85 #. ><0 =0948B5 87>1@065=85 >:@>2A:>3> E@0<0 8 =0@8AC9B5 53>. .. ;N520 176 !"+ #  "5<0. ?B8=A:85 AB0@FK . &5;8 C@>:0. >7=0:><8BL A 8AB>@859 ?B8=>9 ?CABK=8, A,68B85< >?B8=A:8E AB0@F52; 40BL ?@54AB02;5=85 > AB0@G5AB25; =@02AB25==>5 2>A?8B0=85 45B59. %>4 C@>:0 I. !>>1I5=85 B5<K C@>:0 #G8B5;L. -B> 1K;> 402=K<-402=>. ">340 2 ;5A0E >:>;> 3>@>40 >75;LA:0 >@C4>20;0 H09:0 @071>9=8:>2. =8 3@018;8 ?@>E>68E, @07>@O;8 4><0. ;02=K< C @071>9=8:>2 1K; 0B0<0=, :>B>@>3> 720;8 ?B0. = 1K; >G5=L 7;K< 8 65AB>:8<. > >4=064K >= ?>A<>B@5; =0 A2>N 687=L :0: 1K A> AB>@>=K 8 C60A=C;AO B><C, :0: <=>3> 7;0 >= A45;0; ;N4O<. >A;5 MB>3> @071>9=8: @0A:0O;AO, ?>AB@>8; <>=0ABK@L 8 AB0; 2 =5< <>=0E><, 0 <>=0ABK@L 4> A8E ?>@ =07K205BAO ?B8=0 ?CABK=L. !53>4=O O 20< @0AA:06C >1 MB>< <>=0ABK@5. II. 7CG5=85 =>2>3> <0B5@80;0 #.  >4=>9 AB0@>9 :=835, :>B>@0O @0AA:07K20;0 > @CAA:8E <>=0ABK@OE, 1K;8 B0:85 A;>20: 5 25;8G5AB25==K5 A>1>@K 2A?><8=0NBAO 1>3><>;LFC, 1K202H5<C 2 ?B8=>9 ?CABK=8, =5 2KA>G09H85 :>;>:>;L=8, =5 :@5?>AB=K5 AB5=K <>=0ABK@O, =5 4@03>F5==>AB8 @87=8FK. A53> MB>3> =5B 2 A:@><=>< ?> A2>5<C 2=5H=5<C >1;8:C <>=0ABK@5- '5< 65 7=0<5=8B0 ?B8=0 ?CABK=L?  7=0<5=8B0 >=0 A2>8<8 AB0@F0<8. >3> =07K20NB AB0@F0<8? 5B8. !B0@5F - MB> 1;03>G5AB82K9 G5;>25:, :>B>@K9 <>65B @C:>2>48BL 4CE>2=>9 687=LN 4@C38E ;N459. #. '5@57 AB0@F0 ;N48 C7=0NB 2>;N >68N.  ?B8=>9 ?CABK=8 1K;> 14 ?@5?>4>1=KE AB0@F52. @>G8B05< 8E 8<5=0 =0 4>A:5. 5B8 G8B0NB. @5?>4>1=K9 52. @5?>4>1=K9 0:0@89. @5?>4>1=K9 >8A59. @5?>4>1=K9 =B>=89. @5?>4>1=K9 ;0@8>=. ?B =5:85 AB0@FK 1.77 @5?>4>1=K9 <2@>A89. @5?>4>1=K9 =0B>;89 (AB0@H89). @5?>4>1=K9 A00:89 I. @5?>4>1=K9 >A8D. @5?>4>1=K9 0@A>=>D89. @5?>4>1=K9 =0B>;89 (<;04H89). @5?>4>1=K9 5:B0@89. @5?>4>1=K9 8:>=. @5?>4>1=K9 A00:89 II. ~ "5?5@L O E>GC @0AA:070BL =5<=>3> > :064>< AB0@F5. 5@2>3> >?B8=A:>3> AB0@F0 720;8 52. = 1K; 1>;LH>3> @>AB0, 25;8G5AB25==K9, 2 <>;>4>AB8 >1;0402H89 1>;LH>9 A8;>9, A>E@0=82H89 4> AB0@>AB8, =5A<>B@O =0 ?>;=>BC, 3@0F8N 8 ?;02=>ABL 2 42865=8OE.  <>;>4>AB8 ?@5?>4>1=K9 52 70=8<0;AO B>@3>2;59. = 2>78; B>20@K 87 >4=>3> 3>@>40 2 4@C3>9. > 2@5<O >4=>9 87 B0:8E ?>574>: =0 =53> =0?0; 2>;: 8 2K@20; 87 =>38 >3@><=K9 :CA>:. > N=>H0 =5 @0AB5@O;AO 8 70AC=C; :C;0: 2 3;>B:C 2>;:0, 0 4@C3>9 @C:>9 A4028; 5<C 3>@;>. 15AA8;5==K9 2>;: C?0; A 2>70. >A;5 MB>3> A;CG0O AB0@5F 52 ?@8E@0<K20; 2AN 687=L. >340 ?@5?>4>1=K9 52 AB0; <>=0E><, >= <=>38< ?><>30; 4CE>2=K<8 A>25B0<8. =>38< 53> A>25BK :070;8AL AB@0==K<8, => 5A;8 ;N48 ?>ABC?0;8 B0:, :0: 8< A>25B>20; ?@5?>4>1=K9 52. B> ?>B>< >=8 >1 MB>< =5 60;5;8. 4=>9 65=I8=5, =0?@8<5@, AB0@5F ?@54;>68; ?5@55E0BL =0 4@C3CN :20@B8@C, 65=I8=0 4>;3> >B:07K20;0AL, => AB0@5F =0AB>O; =0 A2>5<. >GLN ?>A;5 ?5@55740 2 AB0@CN :20@B8@C 701@0;AO 1K2H89 A;C30 MB>9 65=I8=K A F5;LN >3@018BL 8 C18BL 55. >A;54>202 A>25BC AB0@F0, 65=I8=0 A?0A;0AL >B A<5@B8. 5:>B>@K5 ;N48 70284>20;8 ?@5?>4>1=><C L2C 8 =0?8A0;8 =0 =53> 4>=>A - B>340 5<C 70?@5B8;8 ?@8=8<0BL ?>A5B8B5;59. > ;N48 2A5 @02=> ?@8E>48;8 : AB0@FC, 8 >= =5 <>3 >B:070BL 8<.  =0 2A5 70<5G0=8O 8 C3@>7K AB0@5F >B25G0; B0:: "/ : A515 =8:>3> =5 7>2C: :B> :> <=5 ?@8E>48B, B5E 3=0BL >B A51O =5 <>3C. @5?>4>1=K9 0:0@89 1K; A@54=53> @>AB0, C =53> 1K;> =5:@0A82>5 ;8F>, => 15;>5, A25B;>5. A>15==> ?>@060; 53> 178 !"+ #  273;O4: B8E89 8 ?>;=K9 A<8@5=8O. @02 AB0@5F 8<5; 682>9 8 ?>4286=K9, ?0<OBL ?@5:@0A=CN: ?>A;5 ?5@2>9 8A?>2548 =0 2AN 687=L 70?><8=0; >= G5;>25:0. ; !B0@5F 0:0@89 @>48;AO 2 1;03>G5AB82>9 42>@O=A:>9 A5<L5.  45BAB25 <0BL 3>2>@8;0 > =5<: !5@4F5 <>5 GC2AB2C5B, GB> 87 MB>3> @515=:0 2K945B GB>-=81C4L =5>1K:=>25==>5! '>A;5 H:>;K ?@5?>4>1=K9 ?>ABC?8; =0 A;C61C 1CE30;B5@><.  A2>1>4=>5 2@5<O >= ;N18; G8B0BL, 83@0BL =0 A:@8?:5.  24 3>40 ?@5?>4>1=K9 0:0@89 ?>A5;8;AO 2 45@52=5. 4=064K =5A:>;L:> <C68:>2 C:@0;8 C =53> 3@5G8EC. !2OB>9 4>;3> 8E 2@07C<;O;, 8 <C68:8 ?0;8 =0 :>;5=8 2 8A:@5==5< @0A:0O=88. A:>@5 ?>A;5 MB>3> >= CH5; 2 <>=0ABK@L. '5@57 =5:>B>@>5 2@5<O 53> =07=0G8;8 4CE>2=8:>< >4=>3> <>=0ABK@O, B0< A =8< ?>7=0:><8;AO ?@5?>4>1=K9 52, >= AB0; @C:>2>48B5;5< 4CE>2=>9 687=8 ?@5?>4>1=>3> 0:0@8O. " !B0@5F 0:0@89 ?5@557605B 2 ?B8=C ?CABK=L 8 AB0=>28BAO ?>A;5 A<5@B8 ?@5?>4>1=>3> L20 4CE>2=8:>< >18B5;8. 064K9 45=L : =5<C ?@8E>48;8 B>;?K =0@>40. !B0@5F ?@8=8<0; 8E 4> A0<>9 A<5@B8. 065 :>340 >= 701>;5; 8 =5 <>3 2AB020BL, B> ?>?@>A8; 2K=5AB8 A51O 2 ?5@54=NN 8 ?>;>68BL =0 ?>;, GB>1K ?>A5B8B5;8 A<>3;8 2845BL 53> G5@57 >:=>. @5?>4>1=K9 >8A59 @>48;AO 2 1;03>G5AB82>9 A5<L5. 3> >B5F G0AB> 2>48; 45B59 2 F5@:>2L, 0 25@=C2H8AL 4><>9, @0AA?@0H820; > A;C615.  H:>;C ?@5?>4>1=K9 =5 E>48;, 0 >1CG0;AO 4><0 C >BF0.  18 ;5B ?@5?>4>1=>3> 0:0@8O A 1@0B>< >B5F >B?@028; =0 A;C61C 2 >A:2C.  >A:25 1@0BLO G8B0;8 4CH5?>;57=K5 :=838, 2AB@5G0;8AL A 1;03>G5AB82K<8 ;N4L<8, 8 2 =8E A>7@5;> 65;0=85 C9B8 2 <>=0ABK@L. > >=8 1>O;8AL, GB> >B5F =5 >B?CAB8B 8E, B>340 >=8 =0?8A0;8 5<C ?8AL<>, GB> 84CB A;C68BL 4@C3><C E>7O8=C, ?>4@07C<520O ?>4 4@C38< E>7O8=>< 8ACA0 %@8AB0. >340 >B5F C7=0;, GB> 53> AK=>2LO CH;8 2 !0@>2A:89 <>=0ABK@L, B> A8;L=> @073=520;AO. ">;L:> G5@57 B@8 3>40 >= ?@>AB8; 1@0BL52. >A;5 ?>AB@865=8O 2 <>=0E8 ?@5?>4>1=K9 >8A59 AB0; ?CABK==8:><. B> B0:85 ?CABK==8:8? . -B> ;N48, :>B>@K5 CE>4OB 68BL 2 ?CABK=N, GB>1K 8< =8:B> =5 <5H0; <>;8BLAO 2 C548=5=88. #. ">;L:> ?@5?>4>1=K9 >8A59 CH5; =5 2 ?CABK=N, 0 2 ;5A ?B8=A:85 AB0@FK 179 8 68; B0< <=>3> ;5B. > 2@5<O ?CABK==>9 687=8 ?@5?>4>1=K9 >8A59 >:@5? 8 A>7@5; 4CE>2=>. 4=064K ?@5?>4>1=K9 >8A59 >:070;AO 2 ?B8=>9 ?CABK=8, 8 @5H8; >= CAB@>8BL @O4>< A =59 A:8B.  GB> B0:>5 A:8B? . . ^ . . -B> C548=5==0O >18B5;L, CAB02 :>B>@>9 >B;8G05BAO 1>;LH59 AB@>3>ABLN, G5< 2 <>=0ABK@5. #. 7O2 1;03>A;>25=85 =0 MB> 45;>, ?@5?>4>1=K9 >8A59 ?5@55E0; 2 ?B8=C ?CABK=L 8 =0G0; AB@>8B5;LAB2> A:8B0. *ABL ;8 C 20A 45=L38? - A?@0H820;8 53> ?@8 =0G0;5 AB@>8B5;8. ABL, 5ABL, - 8 ?>:065B ?OB=04F0BL-4204F0BL @C1;59. 2 0 254L MB>3> =5 E20B8B.  ?@5?>4>1=K9 >8A59 C;K1=5BAO 8 A:065B:  ?@> >30 701K;: C <5=O =5B, B0: C 53> 5ABL. '0AB> 1K20;>, GB> @01>G85 ?@>A8;8 C?;0BK, :>340 C A2OB>3> =5 1K;> 45=53, >= ?@>A8; ?>4>640BL, 8 G5@57 45=L-420 ?> ?>GB5 ?@8E>48;8 45=L38. A:>@5 ?@5?>4>1=K9 >8A58 AB0; =0AB>OB5;5< <>=0ABK@O. > ?@8 A2>5< 2KA>:>< ?>;>65=88 >= =5 701K20; ?><>30BL ?@>ABK< ;N4O<. = ?>:C?0; =5=C6=K5 25I8 B>;L:> 4;O B>3>, GB>1K ?><>GL =C640NI5<CAO ?@>402FC, =0=8<0; 4;O >B?C3820=8O 2>@>= 8 ;>2;8 :@>B>2 A8@>B 8 ?;0B8; 8< 70 MB> 45=L38. >340 ?@5?>4>1=K9 >8A59 C<5@, B> 2 OI8:5, 345 >= 45@60; 45=L38, =0H;8 B>;L:> >4=C <>=5BC: 5@=>, 10BNH:0 =5 70<5B8; 55, - A:070; 53> 1@0B, - 0 B> 1K >= =5?@5<5==> 8 55 8AB@0B8;. @5?>4>1=K9 =B>=89 1K; <;04H8< 1@0B>< ?@5?>4>1=>3> >8A5O. B> ?><=8B, :0: 2>A?8BK20;8AL 45B8 2 MB>9 A5<L5? . B5F =5 >B4020; 45B59 2 H:>;C, 0 CG8; A0< 4><0. I5 >= G0AB> 2>48; 45B59 2 F5@:>2L. #. @5?>4>1=K9 =B>=89 A N=KE ;5B AB@5<8;AO : <>=0H5AB2C, ?>MB><C >= ?@8A>548=8;AO : ?@5?>4>1=><C >8A5N, 682H5<C ?CABK==8:>< 2 ;5A0E. ?>A;54AB288 ?@5?>4>1=K9 =B>=89 2<5AB5 A 1@0B>< ?5@5A5;8;AO 2 ?B8=C ?CABK=L, 70=8<0;AO AB@>8B5;LAB2>< A:8B0, 0 2 30-;5B=5< 2>7@0AB5 AB0; =0G0;L=8:>< A:8B0. @5?>4>1=K9 =B>=89 1K; >G5=L A<8@5==K<, =8 >4=>3> @0A?>@O65=8O >= =5 45;0; 157 1;03>A;>25=8O A2>53> 1@0B0, ?@5?>4>1=>3> >8A5O. "0: :0: 2 A:8BC 1K;> <0;> <>=0E>2, B> AB0@FC =B>=8N ?@8E>48;>AL 2K?>;=OBL A0<><C @07=K5 ?>A;CH0=8O. 0: 2K ?>=8<05B5 D@07C 2K?>;=OBL @07=K5 ?>A;CH0=8O? 180 !"+ #  . <C ?@8E>48;>AL 45;0BL @07;8G=K5 E>7O9AB25==K5 45;0. #. @82548B5 ?@8<5@K <>=0ABK@A:8E ?>A;CH0=89. . #E>4 70 4><0H=8<8 682>B=K<8, =02545=85 ?>@O4:0, @01>B0 2 A04C 8 >3>@>45, ?5=85 8 GB5=85 2 F5@:28. #. 0H;8AL ;N48, :>B>@K< =5 =@028;8AL ?@5?>4>1=K9 >8A59 8 ?@5?>4>1=K9 =B>=89. =8 A45;0;8 B0:, GB> ?@5?>4>1=>3> =B>=8O ?5@525;8 2 4@C3>9 <>=0ABK@L. !B0@5F 2 B> 2@5<O BO65;> 1>;5; 8 ?@>A8; >AB028BL 53> 2 A:8BC, => 2A5 53> ?@>AL1K >AB0;8AL 157 >B25B0.  B>;L:> G5@57 14 ;5B ?@5?>4>1=><C =B>=8N @07@5H8;8 25@=CBLAO 2 ?B8=C ?CABK=L, 345 >= ?@>68; 4> A0<>9 AB0@>AB8. @5?>4>1=K9 =B>=89 <=>3> 701>B8;AO > ;N4OE, :>B>@K5 >1@0I0;8AL : =5<C 70 ?><>ILN. 4=>3> G5;>25:0 2 ?>;5 70AB83;0 <5B5;L, 8 >= 701;C48;AO.  AB@0E5 >= AB0; <>;8BLAO: >A?>4C, GB>1K = ?><>3 5<C @048 <>;8B2 ?@5?>4>1=>3> =B>=8O.  G5@57 =5:>B>@>5 2@5<O MB>B G5;>25: 1;03>?>;CG=> 2KH5; : A2>59 45@52=5. B5F ?@5?>4>1=>3> ;0@8>=0 1K; ?>@B=K< 8 G0AB> >BACBAB2>20; 4><0. >A?8B0=85< 45B59 70=8<0;0AL <0BL, >=0 1K;0 1;03>G5AB82>9 65=I8=>9. @5?>4>1=K9 2 45BAB25 1K; B8E8< 8 :@>B:8<. "0:65 >= 1K; >G5=L =5;>2:8<: >4=064K >= :0G0;AO A B>20@8I0<8 =0 4>A:5 8 =5C40G=> C?0;; 2 4@C3>9 @07 >= CH81AO, :0B0OAL =0 ;>H048. !B0@H85 70 B0:CN =5;>2:>ABL 4@07=8;8 <0;LG8:0. >340 ?@5?>4>1=K9 ;0@8>= ?>4@>A, >= AB0; ?><>30BL >BFC. ;O B>3> GB>1K ;CGH5 87CG8BL ?>@B=O6=>5 <0AB5@AB2>, >= ?>5E0; CG8BLAO .>A:2C. '5@57 =5:>B>@>5 2@5<O C N=>H8 ?>O28;>AL 65;0=85 C9B8 2 <>=0ABK@L, >= AB0; ?>A5I0BL @CAA:85 >18B5;8. >;LH5 2A53> 5<C ?>=@028;0AL ?-B8=0 ?CABK=L, 8 A2OB>9 @5H8; 2 =59 >AB0BLAO. 3> 871@0;8 :5;59=8:>< ?@5?>4>1=>3> 0:0@8O. B> B0:>9 :5;59=8:? . -B> G5;>25:, :>B>@K9 ?@8A;C68205B 10BNH:5. #. >, :@><5 MB>3> ?>A;CH0=8O, ?@5?>4>1=>3> =07=0G0;8 8 =0 4@C385 @01>BK: >= 1K; >3>@>4=8:><, A04>2=8:><, ?5: E;51. >A;5 A<5@B8 ?@5?>4>1=>3> 0:0@8O ?@5?>4>1=K9 ;0@8>= AB0; 4CE>2=8:>< >18B5;8.  =5<C :064K9 45=L ?@8E>48;> <=>65AB2> =0@>40, 8 ?@5?>4>1=K9 AB0@0;AO 2A5< ?><>GL: =0AB02;O; 2 25@5, 8AF5;O; >B 1>;57=59. -B>B B@C4 A2OB>9 2K?>;=O; 4> A0<>9 A2>59'A<5@B8. B> 87 >?B8=A:8E AB0@F52 =081>;55 8725AB5=? ?B8=A:85 AB0@FK 181 . @5?>4>1=K9 <2@>A89 ?B8=A:89. #. 'B> 2K 7=05B5 > =5<? 5B8 >B25G0NB. - @5?>4>1=K9 <2@>A89 ?B8=A:89 2 45BAB25 1K; >G5=L 1>9:89 8 25A5;K9 <0;LG8:. !0< AB0@5F @0AA:07K20; > A2>8E 45BA:8E ?@>:070E. 4=064K >= ?>;57 ?>4 :@KHC 70 3>;C1O<8, => C?0; 8 >1>4@0; A515 A?8=C.  4@C3>9 @07, =5A<>B@O =0 70<5G0=85 <0B5@8, =5 ?5@5AB020; AB530BL C A51O =0 42>@5 >4=C A<8@=CN ;>H04:C, :>B>@0O, 2L94O 87 B5@?5=8O, ?>@0=8;0 53> :>?KB>< 2 3>;>2C. >=OB=>, GB> ?>4>1=>5 ?>2545=85 <0;LG8:0 =5 >4>1@O;8 2 A5<L5. . >340 ?@5?>4>1=K9 <2@>A89 2K@>A, 53> >B40;8 2 CE>2=>5 CG8;8I5, 345 >= ?>:070; 8A:;NG8B5;L=K5 A?>A>1=>AB8. >A;5 >:>=G0=8O CG5=8O N=>H0 AB0; @01>B0BL CG8B5;5<. A:>@5 >= BO65;> 701>;5;. 04564K =0 2K74>@>2;5=85 ?>GB8 =5 1K;>, 8 A2OB>9 40; >15B - 2 A;CG05, 5A;8 >= ?>?@028BAO, ?>9B8 2 <>=0ABK@L. > ?>A;5 2K74>@>2;5=8O N=>H0 G5BK@5 3>40 =5 @5H0;AO C9B8 2 <>=0ABK@L. <C 1K;> 60;:> @0AAB020BLAO A ?@82KG=>9 687=LN, A 4@C7LO<8. @5?>4>1=>3> <2@>A8O ?>AB>O==> <CG8;0 A>25ABL, 8 2>B >4=064K 5<C AB0;> 4> B>3> ABK4=> ?5@54 >3>< 70 =5A45@60==>5 >15I0=85, GB> >= B09=> CH5; 87 4><0 2 ?B8=C ?CABK=L.  <>=0ABK@5 A2OB>9 1K; :5;59=8:>< ?@5?>4>1=>3> L20, 0 ?>B>< ?@5?>4>1=>3> 0:0@8O, @01>B0; 2 ?5:0@=5. '5@57 =5:>B>@>5 2@5<O ?@5?>4>1=>3> <2@>A8O @C:>?>;>68;8 2 85@><>=0E8. B> B0:>9 85@><>=0E? . >=0E-A2OI5==8:. #. ;O B>3> GB>1K @C:>?>;>68BL A2OB>3> <2@>A8O 2 85@><>=0E8, 53> >B?@028;8 2 0;C3C. K; A8;L=K9 E>;>4, 8 A2OB>9 ?@>ABC48;AO. ! MB8E ?>@ AB0@5F C65 =8:>340 =5 <>3 ?>?@028BLAO. @5?>4>1=K9 <2@>A89 =5 <>3 C65 @01>B0BL D878G5A:8, => <>3 =0AB02;OBL ;N459 2 4CE>2=>9 687=8, >= AB0; ?@55<=8:>< AB0@F0 0:0@8O.  F5;KE B@84F0BL ;5B >= A;C68; 1;86=8<. "@C4=> ?@54AB028BL A515, :0: >= <>3 2 ?>;=>< 87=5<>65=88 A8; ?@8=8<0BL 5654=52=> B>;?K ;N459 8 >B25G0BL =0 45AOB:8 ?8A5<. ;O =53> =5 ACI5AB2>20;> B09=: >= 2845; 2A5. 4=064K : ?@5?>4>1=><C ?>4>H5; <>;>4>9 G5;>25: 8 AB0; 60;>20BLAO =0 B>, GB> =8G5< =5 <>65B 2K;5G8BL @C:C. 5 CA?5; >= 4>3>2>@8BL: >;8B, H81:> 1>;8B... - :0: 182 !"+ #  AB0@5F ?5@518;: * 1C45B 1>;5BL. 0G5< <0BL >1845;? > A@07C A<CB8;AO 8 ?@>4>;60;: "K 2545HL-B> A51O E>@>H> ;8? %>@>H89 ;8 BK AK=? @5?>4>1=K9 <2@>A89 >1;040; 40@>< 8AF5;5=8O. 4=>9 1>;L=>9 65=I8=5 '>= O28;AO =0O2C, 27O; 70 @C:C 8 A:070;: AB0209, ?>;=> B515 1>;5BL.  >=0 BCB 65 2K;5G8;0AL. @5?>4>1=K9 =0B>;89 (AB0@H89) @>48;AO 2 A5<L5 480:>=0, 53> @>48B5;8 E>B5;8, GB>1K AK= AB0; <>=0E><, 8 2>A?8BK20;8 53> 2 AB@>3>AB8. !2OB>9 >:>=G8; CE>2=>5 CG8;8I5 8 A5<8=0@8N. 'B> B0:>5 A5<8=0@8O? . -B> CG51=>5 702545=85, 345 3>B>2OB A2OI5==8:>2. #. @028;L=>, => ?@5?>4>1=K9 =0B>;89 ?>A;5 A5<8=0@88 =5 AB0; A2OI5==8:><, 0 ?>ABC?8; =0 A;C61C, => 2A:>@5 701>;5;. ">340 1>;L=>9 40; >15I0=85, GB> 5A;8 2K74>@>255B, B> ?>ABC?8B 2 <>=0ABK@L.  4B8=>9 ?CABK=8 ?@5?>4>1=K9 =0B>;89 AB0; >4=8< 87 ?5@2KE CG5=8:>2 ?@5?>4>1=>3> <2@>A8O.  <>=0ABK@5 ?@5?>4>1=><C =0B>;8N ?@8H;>AL 2 ?5@2K5 3>4K >G5=L BO65;>. # =53> 1K;> >G5=L B@C4=>5 ?>A;CH0=85 =0 :CE=5, A?0BL ?@8E>48;>AL <0;>, 40 8 B> =0 4@>20E. > B0:0O 687=L =5 A;><8;0 4CE ?@5?>4>1=>3>, 8 A:>@> >= AB0; ?><>I=8:>< ?@5?>4>1=>3> <2@>A8O, 0 ?>B>< - A:8B>=0G0;L=8:><. @5?>4>1=K9 =0B>;89 1K; >G5=L A>AB@040B5;L=K< G5;>25:><. >340 >= C7=020; > GL5<-=81C4L 3>@5, 4>;3> 2>;=>20;AO, 4> 1>;59 2 3>;>25, 8 AB0@0;AO G5<-B> ?><>GL. >B GB> @0AA:07K20;0 >4=0 <>=0E8=O: / ?> ?>ABC?;5=88 2 <>=0ABK@L 701>;5;0. =5 1K;> 15 ;5B, 8 4>:B>@0 A:070;8, GB> O A:>@> C<@C, => <=5 =5 E>B5;>AL C<8@0BL; 10BNH:0 A:070; <=5: '8B09 <>;8B2C 8ACA>2C, 8 2A5 ?@>945B. "0: O 8 A45;0;0, 8 70 A2OBK5 53> <>;8B2K 2K74>@>25;0.  A B5E ?>@ ?@>H;> 4204F0BL B@8 3>40, 8 O 682C. @5?>4>1=K9 A00:89 I @>48;AO 2 1;03>G5AB82>9 A5<L5. 3> A5<LO ?>;L7>20;0AL 1>;LH8< C2065=85< 2 3>@>45 70 E@8AB80=A:CN 687=L, G5AB=>ABL, <8;>A5@485. 54 1K; >A>15==> @0A?>;>65= : A2>5<C <0;5=L:><C 2=C:C 8 G0AB> 1@0; 53> A A>1>9 2 F5@:>2L. B5F A2OB>3> B@51>20; >B 45B59 15A?@5:>A;>2=>3> ?>28=>25=8O 8 B0:>3> C2065=8O : @>48B5;LA:><C 02B>@8B5BC, GB> 45B8 =5 >A<5;820;8AL A048BLAO ?@54 =8< 157 ?>72>;5=8O. > >= =5 ?@81530; : >1KG=K< <5@0< AB@>3>AB8 8 =8:>340 =5 ?>4=8<0; =0 45B59 @C:C, ?>MB><C 45B8 53> A5@45G=> ;N18;8. ?B8GA:85 AB0@FK 183 >340 ?@5?>4>1=K9 A00:89 ?>4@>A, B> AB0; ?><>30BL >BFC 2 53> B>@3>2KE 70=OB8OE. = 8<5; =0 ?>4G8=5==KE 5<C ?@>ABKE ;N459 A0<>5 1;03>?@8OB=>5 2;8O=85. !2OB>9 E>B5; C9B8 2 <>=0ABK@L, => =5 7=0;. :0: 0B> A45;0BL 8 ?>A;C68B ;8 MB> 5<C =0 ?>;L7C. ">340 >= ?>5E0; 2 ?B8=C ?CABK=L, 345 =0E>48;AO 53> 1@0B. 0 ?@5?>4>1=>3> A00:8O ?@>8725;0 3;C1>:>5 2?5G0B;5=85 15A540 A ?@5?>4>1=K< L2><. >A;5 MB>9 ?>574:8 >= @5H05BAO 1560BL 87 4><0 2 ?B8=C ?CABK=L 157 @>48B5;LA:>3> 1;03>A;>25=8O. (">;L:> G5@57 3>4 >= ?@8<8@O5BAO A >BF><.)  <>=0ABK@5 ?@5?>4>1=K9 =5A ?>A;CH0=85 =0 :CE=5, 0 A> 2@5<5=5< AB0; C?@02;OBL >18B5;LN. 5@2K5 4=8 =0G0;LAB2>20=8O 1K;8 BO65;K< 8A?KB0=85< 4;O ?@5?>4>1=>3> A00:8O. 4=064K >= ?;0:0; > =52>7<>6=>AB8 A>45@60BL 1@0B8N, => 24@C3 8725AB85 >1 C?;0B5 4>;3>2 55 8 5I5 > 7025I0=88 >4=>3> 65@B2>20B5;O @0AA5O;8 53> ?5G0;L. @8 =0G0;LAB2>20=88 ?@5?>4>1=>3> A00:8O I 2 ?B8=>9 ?CABK=8 ?>AB@>8;8 A25G=>9 702>4, >1CAB@>8;8 1>30BK5 ;C30, A04K 8 >3>@>4K. > A2OB>9 701>B8;AO =5 B>;L:> > 2=5H=5< 1;03>A>AB>O=88 <>=0ABK@O, 0 8 > 4CE>2=>9 ;A87=8 1@0B88. >=0E8 53> >G5=L ;N18;8 8 =07K20;8 454CH:>9. 48= <>=0E, 1C4CG8 2 >?0A=>AB8 ?>381=CBL ?@8 ?5@5?@025 G5@57 @5:C >A5=LN, :>340 ;54 1K; 5I5 =5 ?@>G5=, ?@87202 =0 ?><>IL <>;8B2K A2>53> 454CH:8, 871028;AO >B >?0A=>AB8. . @5?>4>1=K9 >A8D 1K; 1;8609H8< CG5=8:>< ?@5?>4>1=>3> <2@>A8O. = @>48;AO 2 A5<L5 ?@>AB>9, => 1;03>G5AB82>9. 3> @>48B5;8 ;N18;8 G8B0BL 4CE>2=K5 :=838 8 E>48BL 2 E@0<. 0BL 2>48;0 45B59 A A>1>9 2 F5@:>2L 8 4><0 70AB02;O;0 8E <>;8BLAO. >340 A2OB><C 1K;> 2>A5<L ;5B, >= >4=064K, 83@0O 2> 42>@5, C?0; 157 GC2AB2. >340 >= ?@8H5; 2 A51O, B> A:070;, GB> 2845; 2 2>74CE5 &0@8FC 515A=CN.  4@C3>9 @07 2 A5;5 A;CG8;AO ?>60@.  A5<LO A2OB>3> =5704>;3> 4> MB>3> ?5@55E0;0 2 =>2K9 4><. 515=>:, =5 7=0O, : :><C >1@0B8BLAO 70 ?><>ILN, AB0; ?@>BO3820BL @C:8 : =0E>4OI59AO 21;878 F5@:28 2> 8<O >:@>20 @5A2OB>9 >3>@>48FK 8 :@8G0BL: &0@8F0 515A=0O! AB02L =0< =0H 4><8:, 254L >= A>2A5< =>25=L:89!* 5BA:0O <>;8B20 MB0 1K;0 CA;KH0=0; 2A5 :@C3>< A3>@5;>, 0 8E 4>< >AB0;AO F5;. , 11 ;5B A2OB>9 >AB0;AO :@C3;K< A8@>B>9 8 ?>A5;8;AO C AB0@H53> 1@0B0 !5<5=0. > !5<5= 2A:>@5 ?@>?8; 2A5 8<CI5AB2>, 184 !"+ #  8 ?@5?>4>1=><C >A8DC .?@8H;>AL 84B8 @01>B0BL C GC68E ;N459. = 8A?KB0; 8 E>;>4, 8 3>;>4, 8=>340 ?>1>8 8 @07=K5 >?0A=>AB8. %>BO >= 68; 2 @072@0I5==>9 8 3@C1>9 A@545, =8GB> ?;>E>5 =5 ?@8AB0;> : =5<C, 53> G8ABCN 4CHC 2;5:;> 2 <>=0ABK@L. @5?>4>1=K9 @5H8; ?>9B8 70 A>25B>< : A2>59 A5AB@5-<>=0E8=5, 8 >=0 25;5;0 5<C 84B8 2 ?B8=C ?CABK=L. 5@2K< 53> ?>A;CH0=85< 2 ?B8=>9 1K;0 @01>B0 =0 :CE=5, => C65 2A:>@5 >= AB0; :5;59=8:>< C AB0@F0 <2@>A8O. !B0@H8< :5;59=8:>< ?@5?>4>1=>3> <2@>A8O 1K; G5;>25: AC@>2K9, :>B>@K9 =5 ?>:07K20; =>28G:C, :0: 8 GB> =04> 45;0BL, 0 :>340 B>B >H810;AO, >= C:>@O; 53>. >B MB0-B> H:>;0 B5@?5=8O 8 A45;0;0 AB0@F0 >A8D0 B0:8< :@>B:8< 8 A<8@5==K<. 587<5==> 1;03>4CH=>5 =0AB@>5=85 ?@5?>4>1=>3> >A8D0 2;8O;> =0 2A5E. = A> 2A5<8 1K; A<8@5= O C<5; 2A5E A<8@OBL A2>8< A<8@5=85<, :@>B>ABLN 8 CABC?G82>ABLN. '5@57 =5A:>;L:> ;5B ?@5?>4>1=K9 >A8D A8;L=> 701>;5; 8 3>B>28;AO : A<5@B8, => ?> <>;8B20< ?@5?>4>1=>3> <2@>A8O >AB0;AO 682. >A;5 2K74>@>2;5=8O >= AB0; ?><>30BL AB0@FC <2@>A8N B5<, GB> 8A?>254>20; =0@>4.  ?>A;5 A<5@B8 ?@5?>4>1=>3> <2@>A8O 8 ?@5?>4>1=>3> =0B>;8O ?@5?>4>1=K9 >A8D AB0; AB0@F5< 4;O 2A59 1@0B88 ?B8=>9 ?CABK=8. !B0@5F >A8D >1;040; 40@>< 2845BL 1C4CI55. 4=><C G5;>25:C >= ?>2O70; =0 H5N H=C@>: 87 A2>53> ?>OA0, MB> A8<2>;8G5A:8 >1>7=0G0;> BN@5<=>5 70:;NG5=85, GB> 8 A1K;>AL: ?@8<5@=> G5@57 20 ;5B MB>3> G5;>25:0 ?>A048;8 2 BN@L<C 70 25@C. 4=>2@5<5==> A ?@5?>4>1=K< >A8D>< 8 ?@5?>4>1=K< =0B>;85< 8 ?>A;5 8E :>=G8=K AB0@G5AB2>20; 2 ?B8=>9 ?CABK=8 A:8B>=0G0;L=8: ?@5?>4>1=K9 0@A>=>D89. = ?>;CG8; 1;03>G5AB82>5 2>A?8B0=85 2 A5<L5. >B :0: >1 MB>< @0AA:07K20; >= A0<: / :064K9 45=L E>48; : @0==59 >154=5. "0: ?@8CG8;0 <5=O <0G5E0, 8 :0: O B5?5@L 59 1;03>40@5=!  45BAB25 ?@5?>4>1=K9 0@A>=>D89 CG8;AO 2 :045BA:>< :>@?CA5 (CG51=>5 702545=85 4;O <0;LG8:>2, 345 8E 3>B>28;8 : 2>5==>9 A;C615).  ?>A;5 ?>ABC?8; =0 2>5==CN A;C61C. 4=064K >= ?>?0; =0 ;8BC@38N, :>B>@CN A;C68; A2OB>9 >0== @>=HB04BA:89. @5?>4>1=K9 0@A>=>D89 ?@>H5; 2 0;B0@L. !2OB>9 >0== 1KAB@> ?>4>H5; : =5<C, ?>F5;>20; @C:C 8, =5 A:0702 =8G53>, >B>H5;. A5 ?@8ACBAB2CNI85 ?5@53;O=C;8AL 8 3>2>@8;8 ?>A;5, GB>, 25@>OB=>, >= 1C45B A2OI5=- ?B8=A:85 AB0@FK 185 =8:><.  A0< ?@5?>4>1=K9 0@A>=>D89 8 =5 ?><KH;O; B>340 >1 MB><.  2>B >4=064K, BO6:> 701>;52 2>A?0;5=85< ;53:8E 8 ?>GC2AB2>202 ?@81;865=85 A<5@B8, >= 25;5; 2A;CE G8B0BL 20=35;85, 0 A0< 701K;AO...  1K;> 5<C 2 MB> 2@5<O 2845=85: >= C2845; >B:@KBK<8 =515A0, 2AO 687=L ?@>=5A;0AL <3=>25==> ?5@54 =8<. 8 CA;KH0; >= >;>A A2KH5, ?>25;520NI89 5<C 84B8 2 ?B8=C ?CABK=L.  C482;5=8N 2A5E, 1>;L=>9 AB0; 1KAB@> ?>?@02;OBLAO, 2K74>@>25; 8 C5E0; 2 ?B8=C ?CABK=L. "0< >= 1K; =07=0G5= :5;59=8:>< ?@8 ?@5?>4>1=>< 5:B0@88, 0 A> 2@5<5=5< - A:8B>=0G0;L=8:><. @5?>4>1=K9 0@A>=>D89 AB0; 4CE>2=8:>< >18B5;8. >, =5A<>B@O =0 25;8:85 4CE>2=K5 40@>20=8O ?@5?>4>1=>3> 0@A>=>D8O, =0H;8AL ;N48, =54>2>;L=K5 53> 45OB5;L=>ABLN. =8 =0?8A0;8 4>=>A, 8 AB0@F0 ?5@525;8 2 >48= 87 A0<KE 154=KE <>=0ABK@59, 345 >= C<5@ G5@57 3>4. > ?>E>@>=8BL 53> @07@5H8;8 2 ?B8=>9 ?CABK=8, @O4>< A <>38;0<8 4@C38E AB0@F52. 51>;LH>3> @>AB0, =5<=>3> A3>@1;5==K9, A G@572KG09=>. 1KAB@>9 @5GLN, C2;5:0NI89AO, .;N125>18;L=K9, >B5F =0B>;89 C65 B>340 >AB028; 2> <=5 =5873;048<>5 2?5G0B;5=85 -B0: >?8AK205B ?@5?>4>1=>3> =0B>;8O (<;04H53>) 53> A>2@5<5==8:. ! N=KE ;5B A2OB>9 E>B5; AB0BL <>=0E><, => <0BL 53> =5 1;03>A;>28;0, 8 >= ?>ABC?8; 2 <>=0ABK@L B>;L:> ?>A;5 55 A<5@B8. =>385 3>4K ?@>25; 2 A:8BC :5;59=8:>< C ?@5?>4>1=>3> <2@>A8O. #A2>82 C =53> >A=>2K <>=0H5A:>3> 4CE>2=8-G5AB20, AB0@5F =0B>;89 AB0; @C:>2>48BL 2=CB@5==59 687=LN <>=0E>2. N1>2L 8 ;0A:>2>ABL >1@0I5=8O ?@82;5:0;8 : AB0@FC B>;?K A25BA:8E ;N459, 8 >= AB0@0;AO 2A5< 40BL A>25B, 2A5E 1;03>A;>28BL. >340 1K;8 3>=5=8O =0 @02>A;02=CN &5@:>2L, : AB0@FC ?@8H;8 ;N48. >=8 AB0;8 18BL, <CG8BL 8 874520BLAO =04 A2OBK<. 0 ?>B>< E>B5;8 53> 0@5AB>20BL, => AB0@5F ?>?@>A8; A515 >BA@>G:C =0 ACB:8. >340 65 ?@8H;8 70 =8< =0 A;54CNI89 45=L, B> C2845;8 53> <5@B2K< 2> 3@>15. "0: >A?>4L 871028; 53> >B AB@040=89. @5?>4>1=K9 5:B0@89 @>48;AO 2 154=>9 A5<L5, >B5F 53> 1K; @01>G8< =0 <5;L=8F5 8 C<5@, :>340 AK=C 8A?>;=8;>AL 7 ;5B. 0;LG8: 1K; C<=K< .8 ;N1>7=0B5;L=K<, => CG8BLAO 5<C ?@8H;>AL B>;L:> 2 A5;LA:>9 H:>;5. !"+ #  186 ! <0B5@K9 C ?@5?>4>1=>3> 5:B0@8O 1K;0 3;C1>:0O 4CH52=0O 1;87>ABL. =0 1K;0 AB@>30 A =8<, => 1>;LH5 459AB2>20;0 :@>B>ABLN 8 C<5;0 B@>=CBL 53> A5@4F5.  11 ;5B >=0 CAB@>8;0 AK=0 A;C68BL 2 ;02:C. K@0AB0; N=>H0 B8E8<, 1>3><>;L=K<, ;N1OI8< GB5=85. 8F>< >= 1K; >G5=L :@0A82, A @C<O=F5< =56=K<, :0: C 452CH:8, A @CAK<8 :C4@O<8.  18 ;5B >48= G5;>25: 704C<0; 65=8BL ?@5?>4>1=>3> 5:B0@8O =0 A2>59 4>G5@8. 52CH:0 1K;0 E>@>H0O 8 ?@8H;0AL N=>H5 ?> A5@4FC. > ?5@54 A204L1>9 >= @5H8; AJ5748BL 70 1;03>A;>25=85< : >4=>9 1;03>G5AB82>9 AB0@8F5. =0 A:070;0 5<C: .=>H0, ?>948 2 ?B8=C : ;0@8>=C, >= B515 A:065B, GB> 45;0BL. @5?>4>1=K9 5:B0@89 ?>A;CH0;AO A>25B0 8 >B?@028;AO 2 ?B8=C ?CABK=L. >=0ABK@L ?>@078; A2OB>3> A2>59 :@0A>B>9. @8H5; >= : ?@5?>4>1=><C ;0@8>=C, @0AA:070; > A515, 0 B>B 5<C >B25G05B: !0< O =8G53> =5 <>3C A:070BL B515, 0 ?>948 BK : 10BNH:5 <2@>A8N, 8 GB> >= B515 A:065B, B0: BK 8 A45;09., !B0@5F ?@8=O; 5:B0@8O A@07C 65 8 3>2>@8; A =8< 420 G0A0.  G5< 1K;0 MB0 15A540, >B5F 5:B0@89 =8:><C =5 >B:@K20;, => ?>A;5 =55 >= =02A5340 >AB0;AO 2 A:8BC 8 4><>9 C65 =5 2>72@0I0;AO =8 =0 >48= 45=L. 4=064K ?@5?>4>1=>3> 5:B0@8O A?@>A8;8, =5 2>7<CI0;AO ;8 >= ?@>B82 A2>8E CG8B5;59. ">B >B25B8;: 5B! =5 MB> 8 2 3>;>2C =5 <>3;> ?@89B8. ">;L:> @07 ?@>28=8;AO O G5<-B>, 8 ?>A;0;8 <5=O : AB0@FC <2@>A8N =0 2@07C<;5=85.  C B>3> ?0;>G:0 1K;0. 0: ?@>28=8HLAO, >= 8 ?>1L5B.  O, :>=5G=>, =5 E>GC, GB>1K <5=O 18;8. 0: C2845;, GB> AB0@5F 70 ?0;:C 15@5BAO, O 1560BL, 0 ?>B>< ?@>I5=8O ?@>A8;. !> 2@5<5=5< ?@5?>4>1=K9 5:B0@89 AB0; AB0@F5<,  MB8 65 3>4K >= =0G0; N@>4AB2>20BL. B> B0:85 N@>482K5? . -B> ;N48, :>B>@K5 25;8 A51O 157C<=> A B>G:8 7@5=8O >:@C60NI8E ;N459, 0 =0 A0<>< 45;5 B0: >=8 A:@K20;8 A2>4 4CE>2=K5 ?>42838 8 A2>N ?@>7>@;82>ABL. #. @5?>4>1=K9 5:B0@89 =>A8; F25B=K5 :>DBK, A;820; 2 >48= :>B5; 2A5 :CH0=LO, E>48; A 20;5=:>< =0 >4=>9 =>35 8 10H<0:>< =0 4@C3>9.  1913 3>4C >?B8=A:0O 1@0B8O A>1@0;0AL, GB>1K 871@0BL AB0@F0. !=0G0;0 AB0@G5AB2> ?@54;>68;8 >BFC 0@E8<0=4@8BC 30?8BC, => >= >B:070;AO 8 C:070; =0 ?@5?>4>1=>3> 5:B0@8O. !>2@5<5==8: >BF0 5:B0@8O 2A?><8=05B: >340 53> =07=0G8- ?B8=A:85 AB0@FK 187 ;8 AB0@F5<, >= B0: A:><>@>H=8G0; (N@>4AB2>20;), GB> 53> 4065 E>B5;8 A<5AB8BL, => >48= 2KA>:>9 4CE>2=>9 687=8 <>=0E A:070;: K 53> >AB02LB5, MB> >= ?@>@>G5AB2C5B. "5?5@L 2A5 A1K205BAO, GB> >= B>340 3>2>@8;. 0?@8<5@, =045=5B E0;0B8: =0 3>;>5 B5;>, 8 =0 E>4C A25@:0NB C =53> 3>;K5 =>38.  1920-E 3>40E 4065 ABC45=BK, A;C60I85 E>48;8 =0 A;C61C 1>AK5, 157 15;LO, 8;8 2 ?0;LB> =0 @20=>< 15;L5. 0A>18@0; @07=>3> E;0<C: :0<5H:>2, AB5:;KH5:, 3;8=K 8 B. 4., CAB@>8; :@>E>B=K9 H:0DG8: 8 2A5< ?>:07K20;, 3>2>@O: -B> - <>9 <C759.  ?B8=>9 459AB28B5;L=> ?>B>< 4>;3>5 2@5<O 1K; <C759.  A>25BA:>5 2@5<O <>=0ABK@L 70:@K;8, 0 ?@5?>4>1=>3> 5:B0@8O 2KA;0;8 2 @O=A:CN >1;0ABL, 345 >= 8 C<5@. @5?>4>1=K9 8:>= @>48;AO 2 1;03>G5AB82>9 :C?5G5A:>9 A5<L5.  3>4 53> @>645=8O A5<LN ?>A5B8; A2OB>9 >0== @>=HB04BA:89, >= 1;03>A;>28; <>;>4CN <0BL.  8 ;5B A2OB>9 BO65;> 701>;5;, ?>;>65=85 1K;> 157=0456=K<. # ?>AB5;8 C<8@0NI53> @515=:0 <0BL CA5@4=> <>;8;0 A2OB>3> 8:>;0O.  A>25@H8;>AL GC4>... 515=>: 2K74>@>25;. 5BAB2> A2OB>3> ?@>H;> 2 0B<>AD5@5 2708<=>9 ;N128 8 C2065=8O. @5?>4>1=K9 8:>= 1K; 2A5>1I8< ;N18<F5<. B ?@8@>4K >= 1K; =045;5= E0@0:B5@>< 25A5;K<, 1>9:8< 8 M=5@38G=K<, B;8G8B5;L=K<8 G5@B0<8 E0@0:B5@0 A2OB>3> 1K;8 B5@?5=85 8 A45@60==>ABL. 4=064K, :>340 5<C 1K;> ;5B 12, >= C?0; 8 @0A?>@>; A515 ;04>=L 1>;LH8< @602K< 32>745<. B =5>6840==>AB8 >= B>;L:> 2A:@8:=C;, => =8 AB>=>2, =8 A;57 =5 1K;>. 5@2K5 A:>@1=K5 A>1KB8O 2 687=8 @515=:0 - A<5@BL 101CH:8 8 454CH:8 - 70AB028;8 704C<0BLAO > A<5@B8. = AB0; G0I5 ?>A5I0BL E@0<, 2<5AB5 A 1@0B>< >=8 ?5;8 =0 :;8@>A5. ">340 ?>O28;AO C 1@0BL52 8=B5@5A : <>=0H5A:>9 687=8, 8 >=8 @5H8;8 C9B8 2 <>=0ABK@L. @0B ?@5?>4>1=>3> =0@570; ?>;>A:8, =0?8A0; =0 =8E =0720=8O <>=0ABK@59 8 ?@54;>68; 2KBO=CBL ;N1CN ?>;>A:C. KBO=C;8 ?B8=C ?CABK=L. > MB>3> >=8 =5 A;KH0;8 > =59. @0BLO ?@>25;8 2 ?B8=>9 >:>;> 42CE <5AOF52, => 83C<5= >B:070;AO 8E ?@8=OBL. '5@57 =5:>B>@>5 2@5<O >=8 >?OBL ?>A5B8;8 <>=0ABK@L 8 1K;8 ?@8=OBK 2 A:8B. 5@2K< ?>A;CH0=85< ?@5?>4>1=>3> 1K;> ?><>30BL ?@5?>4>1=><C 0@A>=>D8N >B25G0BL =0 ?8AL<0, ?>B>< >= AB0; 181;8>B5:0@5<. 4=>2@5<5==> >= ?5; 8 G8B0; =0 :;8@>A5. 8@=> !"+ #  188 8 157<OB56=> ?>B5:;0 53> 687=L ?>4 @C:>2>4AB2>< ?@5?>4>1=>3> 0@A>=>D8O. 5A?>:>8;0 ?@5?>4>1=>3> 8:>=0 B>;L:> <KA;L > ?@54AB>OI59 2>5==>9 A;C615, = A?@0H820; C AB0@F0, <>6=> ;8 <>;8BLAO > B><, GB>1K >A?>4L 871028; 53> >B 2>5==>9 A;C61K. @5?>4>1=K9 0@A>=>D89 >B25G0;, GB> =5;L7O, GB> 2>5==0O A;C610 - MB> =0H 4>;3 ?5@54 3>AC40@AB2><. > ?@5?>4>1=>3> 8:>=0 2A5-B0:8 >A2>1>48;8 >B 0@<88. B0: :0: =0H;8 C =53> 1>;57=L =>3, 8 >= >AB0;AO 2 <>=0ABK@5. >A;5 @52>;NF88 ?@5?>4>1=>3> 8:>=0 0@5AB>20;8 8 70:;NG8;8 2 BN@L<C B>;L:> 70 B>, GB> >= 1K; <>=0E><. '5@57 =5:>B>@>5 2@5<O 53> >A2>1>48;8, 8 >= 25@=C;AO 2 <>=0ABK@L. '5@57 420 3>40 <>=0ABK@L ?@52@0B8;8 2 <C759, 0 <>=0E0< ?@8:070=> 1K;> C9B8 >BBC40, => >?B8=A:85 E@0<K 5I5 =5:>B>@>5 2@5<O >AB020;8AL >B:@KBK<8 8 ?@5?>4>1=K9 8:>= A;C68; 2 =8E. >340 70:@K;8 E@0<K, ?@5?>4>1=K9 A;C68; C A51O 2 :5;L5, ?>:0 1K;> 2>7<>6=> B0< >AB020BLAO. >340 A2OB>3> 2KA5;8;8 87 <>=0ABK@O, >= ?>A5;8;AO 2 >75;LA:5 A >4=8< A2OI5==8:><, B0< >= G0AB> A;C68; 2 #A?5=A:>< A>1>@5. '5@57 =5:>B>@>5 2@5<O ?@5?>4>1=K9 8-:>= 1K; 0@5AB>20= 8 A>A;0= =0 !>;>2:8. "0< 87-70 1>;57=8 =>3 53> >A2>1>48;8 >B BO65;KE @01>B 8 ?>AB028;8 AB>@>65< =0 A:;045, ?>B>< AG5B>2>4><. >A;5 >:>=G0=8O ;035@=>3> A@>:0 ?@5?>4>1=K9 8:>= ?>;CG8; =0?@02;5=85 =0 AAK;:C, =0 <548F8=A:>9 :><8AA88 C =53> >1=0@C68;8 BC15@:C;57 ;53:8E, => >= =5 AB0; ?@>A8BL > ?5@5<5=5 <5AB0 AAK;:8 ?> A>AB>O=8N 74>@>2LO, 0 ?@540;AO 2>;5 >6859. ! 1>;LH8< B@C4>< ?@5?>4>1=><C C40;>AL =09B8 A515 :20@B8@C C ?>68;>9 65=I8=K, :>B>@0O :@><5 1>;LH>9 >?;0BK 45=L30<8 ?>AB028;0 CA;>285< A2>5<C :20@B8@0=BC 2K?>;=OBL 2A5 BO65;K5 @01>BK ?> 4><C. @5?>4>1=K9 8:>= A>3;0A8;AO, B0: :0: 2K18@0BL 1K;> =5 87 G53>.  AAK;:5 =5 >AB02;O; >= 8 ?0ABK@A:>3> A2>53> 4>;30  ?5@5?8AK20;AO A> A2>8<8 4CE>2=K<8 G040<8. '5@57 =5:>B>@>5 2@5<O A>AB>O=85 A2OB>3> CEC4H8;>AL, 8 >= =5 <>3 2AB020BL A ?>AB5;8.  E>7O9:0, :0: B>;L:> C7=0;0, GB> C =53> BC15@:C;57, 8A?C30;0AL 8 2KA5;8;0 68;LF0 2 :>@84>@, B0< 53> 8 =0H5; 7=0:><K9 A2OI5==8:, >= ?5@5257 ?@5?>4>1=>3> 8:>=0 : A515 =0 :20@B8@C, 345 B>B 2A:>@>AB8 8 C<5@. ?B8=A:85 AB0@FK 189 0;> 8725AB=> > ?@5?>4>1=>< A00:88 II. = 1K; ?>A;54=8< =0AB>OB5;5< ?B8=>9 ?CABK=8 ?5@54 55 70:@KB85<. >A;5 70:@KB8O <>=0ABK@O ?@5?>4>1=K9 A00:89 2<5AB5 A> 2A59 1@0B859 >AB@> ?5@56820; 873=0=85. >;LH8< CB5H5=85< 4;O =53> 1K;0 2>7<>6=>ABL A>25@H0BL 1>3>A;C65=8O. #B5H0;> 8 B>, GB> >= =5 >48=, B0: :0: 2 >75;LA:5 68;8 8 4@C385 <>=0E8. '5@57 =5:>B>@>5 2@5<O 2 >75;LA:5 1K;8 70:@KBK 2A5 F5@:28, 0 2A5 >?B8=A:85 <>=0E8 2> 3;025 A ?@5?>4>1=K< A0-0:85< 1K;8 70:;NG5=K 2 BN@L<C. BBC40 A2OB>9 1K; A>A;0= 2 !818@L, 345 8 A:>=G0;AO. III. 0:@5?;5=85 <0B5@80;0 #. @83>B>2LB5 :0@B>G:8 A 8<5=0<8 >?B8=A:8E AB0@F52. / 1C4C 3>2>@8BL 20< M?87>4K 87 687=8 AB0@F52, 0 2K 1C45B5 ?>:07K20BL A>>B25BAB2CNICN :0@B>G:C 8 =07K20BL 8<O AB0@F0. -B>B AB0@5F 2 45BAB25 1K; >G5=L H0;>2;82K9. . @5?>4>1=K9 <2@>A89. #. !B0@5F, :>B>@>3> <0BL =5 1;03>A;>28;0 84B8 2 <>=0ABK@L 8 >= AB0; <>=0E>< B>;L:> ?>A;5 55 A<5@B8. . @5?>4>1=K9 =0B>;89 (<;04H89). #. -B>B AB0@5F CG8;AO 2 :045BA:>< :>@?CA5 8 1K; 2>5==K<. . @5?>4>1=K9 0@A>=>D89. #. !B0@5F, :>B>@K9 2> 2@5<O ?@54A<5@B=>9 1>;57=8 ?>?@>A8; ?>;>68BL A51O =0 ?>;, GB>1K ?>A5B8B5;8 <>3;8 2845BL 53> G5@57 >:=>. . @5?>4>1=K9 '0:0@89. #. !B0@5F, :>B>@K9 2 45BAB25 A2>59 <>;8B2>9 >AB0=>28; ?>60@. . @5?>4>1=K9 >A8D. . #. -B>B AB0@5F 4>;3>5 2@5<O AB@040; 2 AAK;:5 >B 7;>9 E>7O9:8 4><0. . @5?>4>1=K9 8:>=. #. !B0@5F, :>B>@K9 ?>AB@>8; A:8B ?@8 ?B8=>9 ?CABK=8. . @5?>4>1=K9 >8A59. #. !B0@5F, :>B>@K9 2 N=>AB8 A?@028;AO A 2>;:>< 2 >48=>G:C. . @5?>4>1=K9 52. #. @0B ?@5?>4>1=>3> >8A5O. . @5?>4>1=K9 =B>=89. #. B> 1K; :5;59=8:>< ?@5?>4>1=>3> 0:0@8O? . @5?>4>1=K9 ;0@8>=. 190 !"+ #  #. 0:>9 AB0@5F B0: A>?5@56820; GC6><C 3>@N, GB> C =53> =0G0;0 1>;5BL 3>;>20? . @5?>4>1=K9 =0B>;89 (AB0@H89). #. -B>3> AB0@F0 70 4>1@>BC =07K20;8 ^454CH:>9. . @5?>4>1=K9 A00:89 I. #. B> 87 >?B8=A:8E AB0@F52 N@>4AB2>20;? . @5?>4>1=K9 5:B0@89. #. >A;54=89 =0AB>OB5;L ?B8=>9 ?CABK=8. . @5?>4>1=K9 A00:89 II. IV. >42545=85 8B>3>2 C@>:0 #.  G5< <K A53>4=O 3>2>@8;8? B> 87 ?@5?>4>1=KE AB0@F52 >?B8=A:8E 20< 70?><=8;AO? >G5<C? V. ><0H=55 7040=85 #. 0 4>A:5 =0?8A0=K 87@5G5=8O =5:>B>@KE >?B8=A:8E AB0@F52. ><0 2K15@8B5 A515 ;N1>5 87@5G5=85 8 =0?8H8B5 ?> =5<C A>G8=5=85. 8;>ABK=O A>AB>8B =5 2 >4=>< ?>40O=89, => 2 5>-. AB@040=88. ( @5 ?>4>1=K9 0:0@89.) C45< CG8BLAO A51O <KA;5==> 70 2A5 C:>@OBL 8 >AC640BL, 0 =5 4@C38E. (@5?>4>1=K9 =B>=89.) - A;8 GC2AB2C5HL, GB> 3=52 >1JO; B51O, A>E@0=O9 <>;G0=85. (@5?>4>1=K9 ;0@8>=.) 45 ?@>AB>, B0< 0=35;>2 A> AB>, 0 345 <C4@5=>, B0< =8 >4=>3>. (@5?>4>1=K9 <2@>A89.} A;8 70 GB> 27O;AO, B>3> 8 45@68AL. (@5?>4>1=K9 >A8D.) .. ;N520 "5<0. ><8=>25=85 CA>?H8E &5;8 C@>:0. >7=0:><8BL 45B59 A ?@02>A;02=K< CG5=85< > 03@>1=>9 CG0AB8 G5;>25:0, A <>;8B2>9 >1 CA>?H8E; AD>@<8@>20BL @028;L=>5 >B=>H5=85 : C<5@H8<. ><8=>25=85 CA>?H8E 191 %>4 C@>:0 I. !>>1I5=85 B5<K C@>:0 #G8B5;L. !53>4=O <K ?>3>2>@8< >1 >B=>H5=88 &5@:28 : C<5@H8< ;N4O<,  :0:8E 520=35;LA:8E ?@8BG0E 3>2>@8BAO > 703@>1=>9 687=8? 5B8.  ?@8BG5 > 1>30G5 8 070@5 8 2 ?@8BG5 > !B@0H=>< !C45. #. 0AA:068B5 ?@8BGC > 1>30G5 8 070@5. . 8; =0 A25B5 1>30BK9 G5;>25:, >= 4C<0; B>;L:> >1 C4>2>;LAB28OE. O4>< A 1>30G>< 68; =8I89 070@L. = E>B5; ?>;CG8BL 4;O A51O E>BL =5<=>3> ?8I8 A> AB>;0 1>30B>3>, => =8:B> =5 >1@0I0; =0 =53> 2=8<0=8O.  2>B 070@L C<5@. 8 0=35;K >B=5A;8 53> 4CHC 2 @09. #<5@ 8 1>30BK9, => 53> 4CH0 ?>?0;0 2 04. #28452 2 @0N ?@0>BF0 2@00<0, 1>30G, 1C4CG8 2 <C:0E, AB0; ?@>A8BL >1;53G8BL 53> 6064C: >H;8 070@O ><>G8BL ?0;5F 2 2>45 8 ?@8:>A=CBLAO : O7K:C <>5<C. > 2@00< >B25B8;: "K 68; =0 75<;5 2 @>A:>H8: 745AL BK AB@0405HL. 87=L 070@O ?@>H;0 2 AB@040=8OE - 8 B5?5@L >= CB5H05BAO. 070@L =0 75<;5 1K; @O4>< A B>1>9, 745AL 65 ?@0254=K5 8 3@5H=K5 >B45;5=K ?@>?0ABLN. ">340 1>30G AB0; ?@>A8BL 2@00<0 70 A2>8E 1@0BL52; >H;8 070@O : =8< A:070BL, GB>1K >=8 87<5=8;8 687=L A2>N 8 871560;8 ?>A;5 A<5@B8 MB8E <CG5=89. 2@00< >B25B8;: =8, :0: 8 BK, 7=0NB 70:>= >8A5O, 8 ?CABL A;CH0NB 53>. A;8 65 =5 A;CH0NB 70:>=0, B> =5 ?>A;CH0NB 8 2>A:@5AH53> 87 <5@B2KE. #. 'B> E>B5; =0< A:070BL >A?>4L 2 MB>9 ?@8BG5? . 7 MB>9 ?@8BG8 <K C7=05<, GB> ?>A;5 A<5@B8 B5;0 4CH0 ?@>4>;605B 68BL. CH8 ?@0254=8:>2 ?>A;5 A<5@B8 ?>?040NB 2 @09, 0 4CH8 3@5H=8:>2 - 2 04. #. 0 GB> 1K; =0:070= 1>30G? . 0 B>, GB> >= 7=0; 70?>254L > ;N128 : 1;86=5<C, => =5 8A?>;=O; 55. = =5 ?><>30; 070@N 8 68;, =5 4C<0O > A<5@B8 8 =5 3>B>2OAL : =59. #.  B5?5@L 2A?><=8< ?@8BGC > !B@0H=><C !C45. . >340 >A?>4L 8ACA %@8AB>A ?@845B AC48BL ;N459, B> = @0745;8B 2A5E: >4=8E = ?>AB028B A?@020 >B !51O, 0 4@C38E -A;520.  A:065B >A?>4L AB>OI8< A?@020: K ?>?045B5 2 &0@AB2> 515A=>5, ?>B><C GB> 2K =0:>@<8;8 5=O, :>340 / 1K; 192 !"+ #  3>;>45=, =0?>8;8 5=O, :>340 / E>B5; ?8BL. >340 / 1K; AB@0==8:><, 2K ?@8=O;8 5=O 2 A2>9 4><, 1K; @0745B, >45;8 5=O, 1K; 1>;5=, =025AB8;8 5=O, 1K; 2 B5<=8F5, ?@8H;8 :> =5. ">340 A?@>AOB 3> AB>OI85 A?@020: >340 <K 2845;8 "51O 8 ?><>3;8 "515? !C48O >B25B8B 8<: >340 2K A45;0;8 MB> 4;O ;N459, B> A45;0;8 =5.  MB8 ;N48 ?>94CB 2 687=L 25G=CN.  B5<, :B> AB>O; A;520. >A?>4L A:065B: K =5 =0:>@<8;8 5=O, =5 =0?>8;8 5=O, =5 ?><>3;8 =5 =8G5<. -B8 ;N48 C482OBAO 8 A:06CB: >A?>48, :>340 <K 2845;8 "51O 8 =5 ?><>3;8? >A?>4L >B25B8B: K =5 A45;0;8 MB>3> =8:><C 87 ;N459, 7=0G8B, =5 A45;0;8 8 =5.  ?>94CB MB8 ;N48 2 25G=K9 >3>=L. #. '5<C CG8B =0A MB0 ?@8BG0? . "><C, GB> 5A;8 BK 45;05HL 2 MB>9 687=8 4>1@K5 45;0 ;N4O<, B> 45;05HL 8E 8 >3C, 8 ?>A;5 A<5@B8 MB> 70GB5BAO B515. II. !>>1I5=85 =>2>3> <0B5@80;0 #. >340 G5;>25: C<8@05B, B5;> 53> 2>72@0I0NB 2 75<;N, 87 :>B>@>9 1K; :>340-B> A>740= ?5@2K9 G5;>25: - 40<.  4CH0 C<5@H53> G5;>25:0, ?> <=5=8N <=>38E ?@02>A;02=KE 1>3>A;>2>2, ?>?0405B =0 AC4 ?@5420@8B5;L=K9, G0AB=K9, 345 @0718@0NB 2A5 45;0 53> 687=8, 0 ?>B>< >B?@02;ONB 2 04 8;8 @09, 345 >=0 1C45B ?@51K20BL 4> !B@0H=>3> !C40. 0: ?@02>A;02=K9 G5;>25: 4>;65= >B=>A8BLAO : A<5@B8? >A;CH09B5 ?@8BGC >1 MB><. 4=0 1;03>G5AB820O A5<LO ?;K;0 =0 :>@01;5, => 24@C3 ?@>87>H;> :@CH5=85, 8 ;N48 >:070;8AL =0 =5>18B05<>< >AB@>25. !B0;8 >=8 68BL 2 ?5I5@5, ?8B0BLAO :>@5=LO<8 8 B@020<8, <=>3> B@C48BLAO 8 <>;8BLAO. 4=064K : 15@53C ?@8G0;8;0 ;>4:0 A G5BK@L<O 3@51F0<8. 0 MB>9 ;>4:5 <>6=> 1K;> ?5@5?@028BLAO =0 75<;N, => >=0 <>3;0 2<5AB8BL B>;L:> >4=>3> G5;>25:0. 5@2K< >B?@028;AO >B5F, >= CB5H8; A5<LN A;>20<8: 5 ?;0GLB5, B0< ;CGH5, 8 <K 2A5 C2848<AO. !:>@> ;>4:0 25@=C;0AL 8 C257;0 <0BL. 5B8 A8;L=> ?;0:0;8. 5 ?;0GLB5, - CB5H0;0 8E <0BL ?5@54 >BJ574><, - A:>@> C2848<AO 2 ;CGH59 AB@0=5. 0:>=5F ;>4:0 25@=C;0AL 8 AB0;0 ?>>G5@54=> C2>78BL 45B59. =8 >G5=L ?C30;8AL, >:0702H8AL 2 >B:@KB>< <>@5, => :0:>20 65 1K;0 8E @04>ABL, :>340 =0 15@53C >=8 2AB@5G0;8 @>48B5;59. 8;K5 ><8=>N5=85 CA>?H8E 193 45B8, - A:070; 8< >B5F, - 2 =0H5< ?5@5E>45 A ?CABK==>3> >AB@>20 =0 MB>B F25BCI89 15@53 70:;NG05BAO 1>;LH>9 A<KA;: 2A5< =0< ?@54AB>8B ?5@5E>4 87 MB>3> <8@0 2 ;CGH89. 54L 8 75<;O =0H0 ?>E>48B =0 >AB@>2: ?@5:@0A=0O AB@0=0, 2 :>B>@>9 <K B5?5@L >GCB8;8AL, - ?>4>185 510, 0 1C@=K9 ?5@5E>4 A >AB@>20 AN40 - A<5@B8. >340 ?@845B 2@5<O ?>:8=CBL 75<;N, ;N4O< 1;03>G5AB82K<, ;N1OI8< >30 8 ?>:>@ONI8<AO 3> 2>;5, B0:>9 ?5@5E>4 =5 AB@0H5=; 4;O =8E A<5@BL - ?5@5E>4 2 ;CGHCN 687=L. '5<C =0A CG8B MB0 ?@8BG0? .  MB>9 ?@8BG5 3>2>@8BAO, GB> 5A;8 G5;>25: 68; ?@0254=>9 687=LN, B> >= =5 4>;65= 1>OBLAO A<5@B8, ?>A;5 A<5@B8 4;O =53> =0ABC?05B ;CGH0O 687=L. #. K A 20<8 25@C5< 2 >30 8 ?>B><C 7=05<, GB> 4CH0 G5;>25:0 >AB05BAO 68BL ?>A;5 A<5@B8, ?>MB><C &5@:>2L <>;8BAO =5 B>;L:> > 682KE, => 8 >1 C<5@H8E. K ?><=8< 45=L =0H53> @>645=8O, ?@074=C5< 53>. "0: 65 <K <>;8<AO > G5;>25:5 2 45=L 53> A<5@B8, ?>B><C GB> MB> 45=L 53> @>645=8O 4;O =>2>9 687=8. ABL B0:>9 @0AA:07: >4=><C G5;>25:C 1K;> 2845=85. = C2845; 04 8 <CG5=8O 3@5H=8:>2. > 24@C3 : >4=><C 3@5H=8:C ?>4;5B5; 0=35; 8 2KE20B8; 53> 87 ?;0<5=8. >G5<C MB> ?@>87>H;>? :070;>AL, GB> 4CH0 MB>3> G5;>25:0 ?> 3@5E0< 53> 1K;0 >B;CG5=0 >B >30 8 4>;6=0 1K;0 3>@5BL 2 ?;0<5=8. > @>4AB25==8:8 8 4@C7LO 3@5H=8:0 ?>A;5 53> A<5@B8 8 2 F5@:>2=>9, 8 2 4><0H=59 <>;8B25 =5CAB0==> ?><8=0;8 53>, ?>4020;8 70 =53> <8;>ABK=N, 8 >3 A<8;>AB828;AO =04 3@5H=8:>< - 4CH0 53> C?>:>8;0AL 2 @0N. 0G5< 65 =C6=> <>;8BLAO >1 C<5@H8E? . 'B>1K >1;53G8BL 8E 703@>1=CN CG0ABL. #. 0?><=8B5 <>;8B2C >1 C<5@H8E: #?>:>9, >A?>48, 4CH8 CA>?H8E @01>2 B2>8E (8<5=0) 8 ?@>AB8 8< 2AO:>5 A>3@5H5=85, 2>;L=>5 8 =52>;L=>5, 8 40@C9 8< &0@AB285 515A=>5, <8=L. #A>?H8<8 =07K205< <K- C<5@H8E ?>B><C, GB> A<5@BL E@8AB80=8=0 A@02=8205BAO A> A=><, ?>A;5 :>B>@>3> 1C45B 2>A:@5A5=85 : =>2>9 687=8.  G5< <K ?@>A8< 2 MB>9 <>;8B25? . K ?@>A8<, GB>1K >A?>4L ?@>AB8; CA>?H8< 8E 3@5E8 8 225; 2 &0@AB2> 515A=>5. 194 !"+ #  III. 0:@5?;5=85 #. 'B>, ?> CG5=8N =0H59 &5@:28, ?@>8AE>48B A G5;>25:>< ?>A;5 A<5@B8? . 3> B5;> :0: 1K 70AK?05B =0 2@5<O, 0 4CH0 2 7028A8<>AB8 >B 53> ?@8687=5==KE 45; >B?@02;O5BAO 2 04 8;8 2 @09. #. >G5<C 206=> <>;8BLAO >1 CA>?H8E? . 'B>1K ?><>GL 8< A?0AB8AL, 87<5=8BL 8E 703@>1=CN CG0ABL. #, '5< <K <>65< ?><>GL C<5@H8< ;N4O<? . >;8BLAO 70 =8E, @074020BL <8;>ABK=N,'?>4020BL ?><8=0;L=K5 70?8A>G:8 =0 1>3>A;C65=8OE. #. B> 70?><=8; <>;8B2C >1 CA>?H8E? IV. >42545=85 8B>3>2 #.  G5< <K 3>2>@8;8? 'B> 20< 70?><=8;>AL? V. ><0H=55 7040=85 #. ><0 A45;09B5 A515 ?><O==8:, 2?8H8B5 2 =53> 8<5=0 C<5@H8E @>4AB25==8:>2 8 7=0:><KE 8 ?>AB0@09B5AL <>;8BLAO > =8E. .. ;N500 "5<0. 5B>?8AL. @5?>4>1=K9 5AB>@ 5B>?8A5F &5;8 C@>:0. >7=0:><8BL A 68B85< ?@5?>4>1=>3> 5AB>@0, A ;5B>?8A=K< 60=@><; @072820BL @5GL, ?0<OBL; ?>2B>@8BL >A=>2=K5 A>1KB8O 687=8 ?@5?>4>1=>3> =B>=8O 8 ?@5?>4>1=>3> $5>4>A8O 85-2>-5G5@A:8E. %>4 C@>:0 I. !>>1I5=85 B5<K C@>:0 #G8B5;L. !53>4=O <K ?>3>2>@8< > ;5B>?8AOE. -B> A;>6=>5 A;>2>. 7 :0:8E ?@>ABKE A;>2 >=> A>AB>8B? 5B8. 5B> 8 ?8A0BL. #. @028;L=>, A;>2>< ;5B> 2 @52=59 CA8 =07K20;AO 3>4. B> 65 A<>65B A:070BL, GB> >1>7=0G05B A;>2> ;5B>?8AL? . ?8A0=85 3>40. 5B>?8AL. @5?>4>1=K9 5AB>@ 5B>?8A5F 195 #. 0 =5 >4=>3> 3>40, 0 <=>38E ;5B. 0=LH5 <>=0E8 70?8AK20;8 >A=>2=K5 A>1KB8O, :>B>@K5 ?@>8AE>48;8 2 AB@0=5, - B0: A>AB02;O;8AL ;5B>?8A8. 0G5< =C6=0 ;5B>?8AL? . 7 =55 <K C7=05< > ?@>H;>< =0H59 AB@0=K. #, 5@2CN @CAA:CN ;5B>?8AL =0?8A0; ?@5?>4>1=K9 5AB>@ 5B>?8A5F. II. >2B>@5=85 #. @5?>4>1=K9 5AB>@ 1K; CG5=8:>< ?@5?>4>1=>3> =B>=8O 8 $5>4>A8O 852>-5G5@A:8E. 0209B5 2A?><=8<, GB> <K > =8E 7=05<. . @5?>4>1=K9 =B>=89 2 <>;>4>AB8 1K; =0 D>=5, 345. 8 ?@8=O; <>=0H5A:89 ?>AB@83. 3C<5= <>=0ABK@O >B>A;0; ?@5?>4>1=>3> =B>=8O >1@0B=> =0 @>48=C. !2OB>9 ?@8H5; : 852C 8 ?>A5;8;AO 2 ?5I5@:5 =0 15@53C =5?@0. >AB5?5==> : =5<C AB0;8 ?@8E>48BL CG5=8:8, 8 >1@07>20;AO <>=0ABK@L. @5?>4>1=K9 =B>=89 ?>AB028; =04 <>=0E0<8 83C<5=0, 0 A0< C40;8;AO 2 ?5I5@C 8 68; 2 =59 4> A0<>9 A<5@B8. #. "5?5@L @0AA:068B5 > ?@5?>4>1=>< $5>4>A88. . @5?>4>1=K9 $5>4>A88 @>48;AO 2 1>30B>9 A5<L5. # =53> @0=> C<5@ >B5F, 8 2>A?8BK20;0 <0;LG8:0 <0BL, >=0 1K;0 >G5=L AB@>3>9.  45BAB25 ?@5?>4>1=K9 $5>4>A89 E>B5; C1560BL 2 5@CA0;8<, => <0BL 53> 25@=C;0 4><>9 8 65AB>:> =0:070;0. %>BO ?@5?>4>1=K9 $5>4>A88 1K; 87 :=O65A:>3> @>40. => >= ;N18; ?@>AB>9 B@C4: @01>B0; A> A;C30<8, ?5: ?@>AD>@K 4;O F5@:28. 0B5@8 MB> =5 =@028;>AL, 8 >=0 G0AB> =0:07K20;0 AK=0, >48= @07 4065 ?>A048;0 2 B5<=8FC. >340 $5>4>A88 CA;KH0; > ?>42830E ?@5?>4>1=>3> =B>=8O, B> 1560; 2 852 8 ?@8=O; B0< ?>AB@83. 0BL 4>;3> 8A:0;0 AK=0.  :>340 =0H;0 ?@5?>4>1=>3> $5>4>A8O, B> >= C?@>A8; 55 ?>A5;8BLAO @O4>< 2 65=A:>< <>=0ABK@5. > A>25BC ?@5?>4>1=>3> =B>=8O 2A:>@5 1@0B8O 871@0;0 A515 83C<5=>< ?@5?>4>1=>3> $5>4>A8O. 18B5;L @0AF25;0 ?@8 =5<. III. 7CG5=85 =>2>3> <0B5@80;0 #. @5?>4>1=K9 5AB>@ A 45BA:8E ;5B 1K; =0A;KH0= > :852A:8E AB0@F0E.  17 ;5B >= ?@8H5; : ?@5?>4>1=><C $5>4>A8N 8 ?>?@>A8; ?@8=OBL : A515 2 CG5=85. @5?>4>1=K9 $5>4>A88 2 B> 2@5<O 1K; 70=OB ?>AB@>9:>9 <>=0ABK@O, 0 ?@5?>4>1=K9 =B>=89 C548=8;AO 2 ?5I5@5. @5?>4>1=K9 5AB>@ AB0; 196 !"+ #  8E CG5=8:><, >= A 25@>9 8 ;N1>2LN ?@8=8<0; =0AB02;5=8O A2OBKE AB0@F52. A:>@5 53> ?>AB@83;8 2 <>=0H5A:89 G8=-<5AB5 A 1@0B859 <>;>4>9 8=>: =5A @07;8G=K5 ?>A;CH0=8O. !0<K< 3;02=K< 1K;> ?5@5?8AK20=85 :=83.  B> 2@5<O 5I5 =5 C<5;8 ?5G0B0BL :=838, 8 :064CN :=83C ?8A0;8 2@CG=CN =0 ?5@30<5=B5 - :>@>2L59 :>65 - 3CA8=K< ?5@><. @5?>4>1=K9 5AB>@ 1K; >G5=L >1@07>20==K< G5;>25:><- = BI0B5;L=> A>18@0; 2A5 A2545=8O ?> 8AB>@88 CA8 8 70=>A8; 4;O ?0<OB8 2 :=838. ;02=K9 B@C4 ?@5?>4>1=>3> 5AB>@0 - MB> >25ABL 2@5<5==KE ;5B5, ?5@20O @CAA:0O 8AB>@8O, ?5@20O @CAA:0O ;5B>?8AL. <5==> 87 =55 <K <>65< C7=0BL, >B:C40 ?>H;0 75<;O CAA:0O, :0: 68;8 ;N48 @52=59 CA8. >MB><C 8 =07K20NB ?@5?>4>1=>3> 5AB>@0 ;5B>?8AF5<.  5I5 ?@5?>4>1=K9 5AB>@ =0?8A0; 68B8O ?@5?>4>1=KE ?5G5@A:8E >BF>2 8 A2OBKE <CG5=8:>2 >@8A0 8 ;510.  GB> 2K 7=05B5 > A2OBKE <CG5=8:0E >@8A5 8 ;515? . -B> 1K;8 AK=>2LO A2OB>3> :=O7O ;048<8@0, E C18; @>4=>9 1@0B !2OB>?>;:, ?>B><C GB> 1>O;AO, GB> >=8 709<CB 53> ?@5AB>;. !2OBK5 >@8A 8 ;51 1K;8 ?5@2K<8 @CAA:8<8 A2OBK<8 <CG5=8:0<8. . " IV. !0<>AB>OB5;L=0O @01>B0 #. 5:>B>@K5 CG5=8:8 ?>;CG8;8 :0@B>G:8 A >B@K2:0<8 87 ;5B>?8A8. !53>4=O >=8 @0AA:06CB, > G5< ?@>G8B0;8. #G5=8: 1. / @0AA:06C, >B:C40 ?>H;0 75<;O CAA:0O. 02=K<-402=> =0 =0H59 75<;5 ?>A5;8;8AL ;N48. 0H8 ?@54:8 ?0E0;8 75<;N, >E>B8;8AL, B>@3>20;8. '0AB> >=8 AA>@8;8AL <564C A>1>9.  >4=064K >=8 @5H8;8 ?>720BL :=O7O A> AB>@>=K, GB>1K >= <>3 <8@8BL 8E, @C:>2>48BL 8<8. "0:8< :=O75< A>3;0A8;AO AB0BL 20@O3 N@8:. 20 2>8=0 87 4@C68=K N@8:0 - A:>;L4 8 8@ - @5H8;8 >B?@028BLAO 2 0@K-@04 8 702>520BL 53>. > ?> 4>@>35 >=8 >AB0=>28;8AL 2 8525, 8< B0: ?>=@028;AO MB>B 3>@>4, GB> >=8 >AB0;8AL :=O68BL 2 =5<. #G5=8: 2. '5@57 =5A:>;L:> ;5B A:>;L4 8 8@ 2A5-B0:8 ?>?;K;8 2 &0@L3@04. A?C30==K5 68B5;8, C28452 ?>4 AB5=0<8 3>@>40 2>>@C65==CN 4@C68=C, AB0;8 <>;8BLAO >6859 0B5@8. >A;5 <>;8B2K >=8 >?CAB8;8 :@09 5 @87K 2 <>@5, 8 ?>4=O;0AL AB@0H=0O 1C@O. A:>;L4 8 8@ 2 ?0=8:5 ?>25@=C;8 >1@0B=>. >A;5 MB>3> GC40, A>25@H82H53>AO =0 3;070E C @CA- 5B>?8AL. @5?>4>1=K9 5AB>@ 5B>?8A5F 197 A:>9 4@C68=K, A:>;L4 8 8@ 8 <=>385 87 2>8=>2 :@5AB8;8AL 8 AB0;8 E@8AB80=0<8. #G5=8: 3. '5@57 =5A:>;L:> ;5B C<5@ N@8:, 53> AK= 3>@L 1K; B>340 5I5 @515=:><. <5AB> =53> AB0; :=O68BL 53> @>4AB25==8: :=O7L ;53. = @5H8; >1J548=8BL 2A5E A;02O=. ;O MB>3> >= ?>A048; A2>8E ?@54AB028B5;59 2 !<>;5=A:5, N15G5.  A0< AB0; :=O68BL 2 8525, C182 >1<0=>< A:>;L40 8 8@0. ;53 ?@8A>548=8; : A2>5<C :=O65AB2C A>A54=85 A;02O=A:85 ?;5<5=0. "0: >1@07>20;>AL ?5@2>5 4@52=5@CAA:>5 3>AC40@AB2>. BAN40 8 ?>H;0 75<;O CAA:0O. #. "5?5@L 2K 7=05B5, >B:C40 ?>H;0 =0H0 75<;O.  5A;8 2K 70E>B8B5 C7=0BL, GB> 1K;> 40;LH5, ?@> 3>@O, A2OBCN ;L3C, !2OB>A;020, A2OB>3> ;048<8@0 8 4@C38E @CAA:8E :=O759, B> G8B09B5 @0AA:07K 87 @CAA:>9 ;5B>?8A8 2 ?5@5;>65=88 4;O 45B59. V. "2>@G5A:>5 7040=85 #. K 2848B5 =0 @8AC=:0E 87>1@065=8O AB0@8==KE :=83. 1@0B8B5 2=8<0=85, :0: BI0B5;L=> 2K?8AK20;8AL ?8AF>< 1C:2K, :0: C:@0H0;8AL @07=K<8 >@=0<5=B0<8 1C:28FK -703;02=K5 1C:2K =0G0;0 B5:AB0. 540@>< >B B5E 2@5<5= A>E@0=8;>AL 2K@065=85 :@0A=0O AB@>:0 ~ >=0 8<5==> 1K;0 :@0A=0O, B> 5ABL :@0A820O. "5?5@L ?>?KB09B5AL A0<8 =0@8A>20BL :@0A82CN AB0@8==CN 1C:2C. K 2848B5 =0 @8AC=:5 AB0@8==CN 071C:C, =5:>B>@K5 1C:2K ?>E>68 =0 A>2@5<5==K5, 0 =5:>B>@K5 >B;8G0NBAO. 0:85 1C:2K ?>E>68 =0 A>2@5<5==K5? K15@8B5 ;N1CN 1C:2C 8 =0G8=09B5 @8A>20BL. VI. 0:@5?;5=85 <0B5@80;0 #. 'B> B0:>5 ;5B>?8AL? . -B> 70?8AL 206=59H8E A>1KB89 ?> 3>40<. #. B> 1K; ?5@2K< @CAA:8< ;5B>?8AF5<? . @5?>4>1=K9 5AB>@. #. 'B> 2K <>65B5 > =5< @0AA:070BL? . = 1K; CG5=8:>< ?@5?>4>1=>3> =B>=8O 8 ?@5?>4>1=>3> $5>4>A8O 852>-5G5@A:8E. #. 'B> :@><5 ;5B>?8A8 =0?8A0; ?@5?>4>1=K9 5AB>@? , . 8B8O 852>-5G5@A:8E A2OBKE 8 68B85 A2OBKE <CG5=8:>2 >@8A0 8 ;510. 198 !"+ #  VII. >42545=85 8B>3>2 #.  G5< <K A53>4=O 3>2>@8;8? .  ;5B>?8AOE, > ?@5?>4>1=>< 5AB>@5. #. 'B> 20< ?>=@028;>AL =0 C@>:5? 'B> C7=0;8 =>2>3>? VIII. ><0H=55 7040=85 #. ><0 =0@8AC9B5 @8AC=:8 : @0AA:070< 87 @CAA:>9 ;5B>?8A8. .- ;N520 "5<0. 2545=85 2> E@0< @5A2OB>9 >3>@>48FK &5;8 C@>:0. >7=0:><8BL 45B59 A 8AB>@859 ?@074=8:0; @072820BL @5GL, <KH;5=85, ?0<OBL. #G8B5;L. !53>4=O @02>A;02=0O &5@:>2L 2A?><8=05B 2545=85 2> E@0< @5A2OB>9 >3>@>48FK.  <K 2 =0H5< :;0AA5 @5H8;8 CAB@>8BL ?@074=8: 8 ?@83;0A8BL 3>AB59. 0209B5 @0AA:065< 8<, GB> <K 7=05< > ?@074=8:5 2545=8O 2> E@0< @5A2OB>9 >3>@>48FK. 5B8. # @>48B5;59 >6859 0B5@8 - ?@0254=KE >0:8<0 8 ==K  =5 1K;> 45B59, 8 >=8 40;8 >15B >3C, GB> 5A;8 @>48BAO C =8E @515=>:, B> >=8 ?>A2OBOB 53> >3C. '5@57 =5A:>;L:> <5AOF52 @>48;0AL C A2OBKE >0:8<0 8 ==K >GL, :>B>@CN =0720;8 0@859. -B> 1K;> 4;O =8E 1>;LH>9 @04>ABLN, 70 :>B>@CN >=8 1;03>40@8;8 >30. - @0254=K5 >0:8< 8 ==0 =5 701K;8 >15I0=85, 40==>5 8<8 >3C. >340 0@88 <8=C;> B@8 3>40, >=8 A>1@0;8 A2>8E A>A5459 8 @>4=KE A 8E 45BL<8 8 B>@65AB25==>, A 70665==K<8 A25G0<8, ?>25;8 A2>N >GL : >3@><=><C 5@CA0;8<A:><C E@0<C.   E@0<C 25;8 2KA>:85 :0<5==K5 ABC?5=8. > MB8< ABC?5=O< B@5E;5B=OO 0@8O 27>H;0 A0<0, :0: 27@>A;0O, 157 ?><>I8 @>48B5;59. # 2E>40 >6840; B@>:>28FC 0@8N ?5@2>A2OI5==8: (A0<K9 AB0@H89 A2OI5==8:). = 225; 0@8N =5 B>;L:> 2 E@0<, => 8 2 !2OB0O !2OBKE; B> 5ABL BC40, :C40 B>;L:> >= A0< 8<5; ?@02> 2>9B8 >48= @07 2 3>4. = A45;0; MB> 2545=85 2> E@0< @5A2OB>9 >3>@>48FK 199 ?>B><C, GB> 7=0;: 520 0@8O 1C45B .0B5@LN !?0A8B5;O <8@0. 520 0@8O >AB0;0AL ?@8 E@0<5. =0 <>;8;0AL, CG8;0AL 8 B@C48;0AL, 3>B>2O A51O : A;C65=8N >3C 8 ;N4O<. #. 064K9 G5;>25: 2 A2>59 687=8 4>;65= AB@5<8BLAO ?>4=OBLAO ?> ABC?5=O< 4>1@>45B5;59 : A2>5<C E@0<C. 0209B5 2A?><=8< =5:>B>@K5 4>1@>45B5;8, => A=0G0;0 >B30409B5 70304:8. "@8 4>G5@8, B@8 4>G5@8 8 <0BL. E 8<5=0, :>=5G=>, =04> 7=0BL: @5<C4@>ABL >68O 4;O =0A 8E @>48;0  8<5=0 8< 4>1@>45B5;59 40;0. B25BL A:>@59, :0:85 8<5=0 CH0 2 A515 A0<>9 27@0AB8BL 4>;6=0? . 5@0, 045640, N1>2L, !>D8O. #. # :>3> >=0 2 4>AB0B:5, ! B5< 4@C68BL ;53:> 8 3;04:>. ;O 4CH8 ?@8>1@5BC / C >30... . >1@>BC. #. ;O B>3>, GB>1 68; O 2 <8@5, #3>;>: C =0A 2 :20@B8@5. "CB 8:>=K ?> ?>@O4:C, "CB 3>@8B C =0A ;0<?04:0, 45AL ;560B A2OBK5 :=86:8. ">;L:> <0;5=L:89 1@0B8H:0 =5 <5H05B. C 8 ?CABL! #B@><, 25G5@><... , >;NAL. #. !B>; C 02;8:0 2 ?>@O4:5,  =0 <5AB5 2A5 B5B@04:8,  ?>@BD5;L.  =0< ?>=OB=>: 02;8: ~ <0;LG8:... . ::C@0B=K9. #. ;O A5AB@5=>: 8 1@0B8H5: 09F52 >= E@0=8B 8 <8H5:, =8 4>;3> 1C4CB 682K: .@0 - <0;LG8:... . 5@56;82K9. #. 'B>1 =5 ?;020BL 157 25B@8;, 200 !"+ #  'B>1 <0O: ?@54 20<8 1K;, A?>;=O;0AL 687=8 <5@0, 0< =C6=0 ;8HL =0H0... . . 5@0. #. B;>6C B5?5@L :>=D5BC, "5;5287>@ >B:;NGC, >B><C GB> 2 2>A:@5A5=L5 @8G0I0BLAO O E>GC, 54L C65 3>25BL O =0G0;  >B GB> MB> A;>2> 7=0G8B; / 4>;65= A ?@8;560=85< #G8BLAO... . >745@60=8N. #.  B5?5@L 3>ABO< <K ?>:065< AF5=:8, :>B>@K5 ?>43>B>28; =0H :;0AA. 7 MB8E AF5=>: 2K C7=05B5, :0: 4>;65= ?>ABC?0BL :064K9 ?@02>A;02=K9 E@8AB80=8=. 5B8 @07K3@K20NB AF5=:C !5<L45AOB @07 A5<L (?> <>B820< @0AA:070 '. 8::5=A0). 59AB2CNI85 ;8F0 $54O. 870 (A5AB@0 $548). 54CI89. O4O. 0 AF5=5 A848B 870 A :=83>9 2 @C:0E. 870 (G8B05B), ...5A;8 1@0B B2>9 A>3@5H8B ?@54 B>1>N A5<L @07 2 >48= 45=L 8 A5<L @07 2 >48= 45=L ?@8ABC?8B : B515 8 A:065B: / @0A:0820NAL - BK 4>;65= ?@>AB8BL 5<C... 0 AF5=C 2K15305B $54O A :=83>9. $54O. 0:0O 60;>ABL!  B0:>9 45=L. 2 H:>;5 A845BL. (! @074@065=85< 1@>A05B :=83C =0 AB>;.} 870. $54O, MB> 65 <>O @8D<5B8:0! "K 65 7=05HL, :0: O 55 15@53;0! $54O.  ?@0240, B2>O.  O 4C<0; - <>O. 870, O =5 =0@>G=>, ?@>AB8 <5=O. 870. %>@>H>. / 4C<0N, GB> ?@>IC! (?>;3>;>A0 ?@>87=>A8B: 07!) >945< 2 H:>;C. 2545=85 2> E@0< @5A2OB>9 >3>@>48FK 201 5B8 84CB ?> AF5=5. $54O. 870, A<>B@8, :0:0O 3@><04=0O A>10:0! ;070, :0: C3;8, 8 O7K: 28A8B - =025@=>5, 15H5=0O! 870 2 8A?C35 1568B, ?0405B 8 =0G8=05B ?;0:0BL. 870. $54O, :0: B515 =5 ABK4=>! -B> 2>2A5 =5 15H5=0O A>10:0, 0 (0@8:, :>B>@K9 8 <CE8 =5 >1848B. $54O. E, 870, O =5 7=0;, GB> BK C?045HL. =5 B>;L:> E>B5;>AL, GB>1K BK ?@>1560;0AL =5<=>6:>. / >G5=L 60;5N, GB> BK CH81;0AL. 5 <>65HL ;8 BK <5=O ?@>AB8BL? 870. >AB0@0NAL. ("8E> ?@>87=>A8B: 20!) 5B8 CE>4OB A> AF5=K. 54CI89.  H:>;5 $54O ?@>4>;60; >1860BL A5AB@C. >-?5@2KE, >= 27O; C 87K :0@0=40H 8 ?>B5@O; 53>; 70B5< H0;C= ?@>BO=C; =>38, B0: GB> :>340 870 ?@>E>48;0 <8<>, >=0 C?0;0 ?>4 >1I89 A<5E.  B5G5=85 >AB0;L=>3> 4=O 870 ?@5B5@?5;0 >B $548 5I5 4@C385 >184K, > :>B>@KE 1K;> 1K A;8H:>< 4>;3> @0AA:07K20BL. > ?>A<>B@8<, GB> A;CG8;>AL ?>A;5 70=OB89. 5B8 2KE>4OB =0 AF5=C. 870. 9, $54O, =0G8=05BAO 4>64L. $54O. 5 2>;=C9AO, C <5=O 5ABL 7>=B8:. ( 0A:@K205B 7>=B8:.) 870. AB>@>6=55! "K B0: @0A:0G8205HL 7>=B8:, GB> A =53> :0?05B ?@O<> =0 <5=O! $54O. 045NAL, BK =5 C<@5HL >B =5A:>;L:8E :0?5;L. 5B8 ?>4E>4OB : A2>5<C 4><C (:@09 AF5=K). $54O A2>@0G8205B 7>=B8:. 870 >A<0B@8205B A51O. 870. >A<>B@8, =0 <>5< ?;0BL5 >AB0;8AL B5?5@L >B 2>4K A 7>=B0 3@O7=K5 ?OB=0. (;0G5B.) $54O. '5AB=>5 A;>2>, 870, O MB> =5 =0@>G=>! A;8 1K BK 7=0;0, 4> G53> <=5 B51O 60;L, BK, =025@=>5, ?@>AB8;0 1K <5=O. 870 (A CA8;85<). / B51O ?@>I0N. (!G8B05B ?> ?0;LF0<.) 48=, 420, B@8, G5BK@5, ?OBL. H5ABL, A5<L! $54O. 'B> BK F5;K9 45=L AG8B05HL? 870 =5 >B25G05B 8 25A5;> >B15305B 2 4@C3>9 :>=5F AF5=K. 202 !"+ #  870. !5<L @071 E :0: MB> 1K;> B@C4=> 8 :0: O @040, GB> 1>;LH5 ?@>I0BL =5 =C6=>! / ?@>AB> =5 2K45@60;0 1K 1>;LH5. 54CI89. >A;5 >1540 45B8 4>;6=K 1K;8 3>B>28BL C@>:8 : A;54CNI5<C 4=N. $54O (75205B). E. >E, >E! @5645 G5< ?@8<CAL 70 MB8 C@>:8, :>B>@K5 <=5 B0: =04>5;8, 702545<-:0 >48= @07 <C7K:0;L=CN H:0BC;:C, :>B>@CN B515 ?>40@8; 4O4O. . 870. %>@>H>. (#15305B 8 ?@8=>A8B H:0BC;:C. @>1C5B 55 7025AB8.) 8G53> =5 ?>;CG05BAO. $54O. 5 1>9AO, 870, O 55 A59G0A ?>G8=N. (">@>?;82> 2KE20BK205B, H:0BC;:C 87 @C: 87K 8 @>=O5B 55.) 8;0O 870, 254L >=0 B5?5@L A>2A5< 8A?>@G5=0. @>AB8HL ;8 BK <5=O :>340-=81C4L? 870. 5B! 5 E>GC, B5?5@L ?@>I0BL, 40, 2?@>G5<, 8 =5 =C6=> 1>;LH5: MB> 2 2>AL<>9 @07! 54=0O <>O <8;0O H:0BC;:0! "K MB> =0@>G=> A45;0;, 7;>9 <0;LG8H:0! !59G0A 65 ?>153C 2 B2>N :><=0BC, 87>@2C B2>53> 1C<06=>3> 7<5O 8 8A?>@GC 2A5, GB> ?>?045BAO =0 3;070. 870 1568B 8 =0BK:05BAO =0 O4N. O4O. 'B> A;CG8;>AL B0:>5? 870. $54= 25AL 45=L >18605B <5=O, 8 O 53> ?@>I0;0!  B5?5@L >= A;><0; <>N H:0BC;:C. O4O. B0:, 870, BK 4C<05HL, GB> B5?5@L BK 8<55HL ?>;=>5 ?@02> 7;8BLAO? 870. 0, O 8<5N =0 MB> ?>;=>5 ?@02>. / ?@>AB8;0 53> @>2=> A5<L @07. -B> C65 2>AL<>9. O4O. "0: BK, 7=0G8B, =5 7=05HL, GB> 2 4@C3>9 @07 >A?>4L A:070; 0?>AB>;C 5B@C, GB> =04> ?@>I0BL 1@0BC A5<L @07 8 5I5 A5<L45AOB @07 A5<L? ' 870. !5<L 40 5I5 A5<L45AOB @07 A5<L! 5B, =5B! -B>3> O =8:0: =5 <>3C! $54O. / B515 ?>40@N <>N =>2CN :=83C A ?CB5H5AB28O<8, 870! C4C :>?8BL 45=L38, ?>:0 =5 :C?;N B515 =>2CN H:0BC;:C! O4O. C E>@>H>, ?CABL 1C45B ?>-B2>5<C. ">;L:> A>25BCN B515 =5 G8B0BL 1>;LH5 BG5 =0H. 870. -B> ?>G5<C 65? O4O. 0 BK B>;L:> ?>4C<09, :0:>2> B515 1C45B A:070BL >3C:  >AB028 =0< 4>;38 =0H0, O:>65 8 <K >AB02;O5< 2545=85 2> E@0< @5A2OB>9 >3>@>48FK 203 4>;6=8:>< =0H8<, B> 5ABL ?@>AB8 <5=O. >A?>48, :0: O ?@>I0N $54N. 870. 5B, O =5 A<>3C >1E>48BLAO 157 BG5 =0H, / ?@>I0N B51O' (@>A05BAO : $545.) 54CI89. ! B5E ?>@ H0;C= $54O A45;0;AO 3>@074> =56=55 8 2=8<0B5;L=55 : A2>59 A5AB@5=:5, 0 5A;8 2K A?@>A8B5 53>: !:>;L:> @07 870 ?@>I05B B51O B5?5@L, ?>-?@56=5<C A5<L @07?, >= >B25B8B 20<: 870 B0: 4>1@0, GB> =5 AG8B05B 1>;LH5, 0 O =5 A<5N AG8B0BL. / 8 157 AG5B0 C25@5=, GB> >=0 ?@>I05B <5=O 2A5 A5<L45AOB @07 A5<L! 0;55 45B8 @07K3@K20NB AF5=:C 028ABL (?> @0AA:07C &. 5-B5:0<). 59AB2CNI85 ;8F0 =O (AB0@H0O A5AB@0). 0@89:0 (<;04H0O A5AB@0). 0<0. 59AB285 1 0 AF5=5 :><=0B0 =8. =O. A;8 G5AB=> ?@87=0BLAO, B> O >G5=L 70284CN A2>59 <;04H59 A5AB@5 0@89:5. 9 2A5 405BAO ;53G5, G5< <=5: CG510, E>@>H55 ?>2545=85, ;N1>2L : 4@C38<. 065 @04>20BLAO 59 ;53G5, G5< <=5. 0@89:0 2K3;O48B 2A5340 >G5=L E>@>H>, >=0 2A5340 GB>-=81C4L B0:>5 ?@84C<K205B, =04 G5< 4065 27@>A;K5 25A5;> A<5NBAO.  O A>2A5< 4@C30O. =5 A B@C4>< C405BAO 702>52K20BL A8<?0B8N >:@C60NI8E, 40 8 7=0=8O <=5 =5 40NBAO 157 CA8;89.  :0: O E>B5;0 1K 1KBL 2 F5=B@5 2=8<0=8O, E>BL 8=>340. > =8G53>, A:>@> <>9 45=L @>645=8O. 5=O 2A5 1C4CB ?>74@02;OBL 8 40@8BL ?>40@:8 B>;L:> <=5 >4=>9. E>48B 0<0. 0<0. =O, A:>@> B2>9 45=L @>645=8O, >4=0:> 8 0@89:0 =5 4>;6=0 >AB0BLAO 157 ?>40@:0< # <5=O 5ABL 845O... =O (1 AB>@>=C). E, O @0=> @04>20;0AL. ?OBL B>,65 A0<>5, <0<8= ;N18<K9 ?@8=F8? ~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~ A5@0O, A5@0O, A 65;BK<8 ?OB=0<8. 02B@0 <>9 45=L @>645=8O. (74KE05B.)  0@89:0 ?>;CG8B A5@>5 ?;0BL5. 59AB285 4 E>4OB 0<0, =O 8 0@89:0. 0<0. >G5=L:0, ?>74@02;ON B51O A 4=5< @>645=8O.  B5?5@L ?>A<>B@8 =0 ?>40@:8. 0 AB>;5 A ?>40@:0<8 ;568B A5@0O B:0=L.. 2545=85 2> E@0< @5A2OB>9 >3>@>48FK 205 =O (A C60A><). 0<0, MBC B:0=L <K 65 0@89:5 :C?8;8, 0<0 (A<55BAO). 0<0 >G5=L ?;>E> @0718@05BAO 2> 2:CA0E A2>8E 4>G5@59. 0 ?@8<5@5 MB>9 B:0=8 O 5I5 @07 C1548;0AL 2 MB><. 8:>340 1K =5 ?>4C<0;0, GB> >=0 B515 ?>=@028BAO... =O, ?>G5<C BK ?;0G5HL? =O. > MB> 65 1K; ?>40@>: 0@89:5, GB>1K 8 59 1K;> G5<C @04>20BLAO 2 <>9 45=L @>645=8O' 0@89:0. !<>B@8, =O! =5 <0<0 B>65 A:070;0, GB>1K O 2K1@0;0 B:0=L :0: 1C4B> 4;O B51O.  O 2K1@0;0 MBC. (>:07K205B 3>;C1CN B:0=L A @><0H:0<8.) 0<0, >=0 :065BAO 5I5 :@0A8255, G5< 2 <03078=5. / 4065 =5 4C<0;0, GB> >=0 <>65B 1KBL 4;O <5=O... =5G:0, ?5@5AB0=L ?;0:0BL... >65B, B515 MB0 1>;LH5 =@028BAO? A;8 E>G5HL, 5A;8 E>G5HL... 40209 ?><5=O5<AO. (0@89:0 >1<0BK205B B:0=L 2>:@C3 =8.) "K >G5=L E>@>H> 2 =59 2K3;O48HL, ==0! =O. >... => 4@C30O B0:0O A5@0O. 0@89:0. 0@89:0. 0 =59 B0:85 :@0A82K5 A>;=5G=K5 709G8:8. =O. !?0A81>. 0@89:0, O =5 E>GC <5=OBLAO. 7 <>59 B:0=8 <0<0 A>HL5B <=5 ?;0BL5, 8 O 1C4C 53> =>A8BL. => <=5 1C45B :>5 > G5< =0?><8=0BL. @0240, <0<0? 0<0 C;K105BAO 8 >1=8<05B A5AB5@. #G8B5;L. / 4C<0N, GB> 87 MB8E AF5=>:, @51OB0, 2K COA=8;8, :0: 4>;65= 25AB8 A51O =0AB>OI89 ?@02>A;02=K9 E@8AB80=8=; =5 70284>20BL, 1KBL 4>1@K<, ?@>I0BL 4@C38E, 2A5340 ?>4=8<0BLAO ?> ABC?5=O< 4>1@>45B5;59, ?>4>1=> >3>871@0==>9 B@>:>28F5. 0 MB>< =0H ?@074=8: 70:0=G8205BAO. 0209B5 2A5 2<5AB5 A?>5< 25;8G0=85 ?@074=8:0! 5B8 ?>NB. 5;8G05< "O, @5A2OB0O 52>, >3>871@0==0O B@>:>28F5, 8 GB8< 565 2 E@0< >A?>45=L '2E>645=85 "2>5.  :>=F5 ?@074=8:0 3>AB8 ?>;CG0NB >B CG5=8:>2 :;0AA0 ?@074=8G=K5 >B:@KB:8, =0 :>B>@KE =0?8A0=K 87@5G5=8O A2OBKE >BF>2 > B><, :0:8< 4>;65= 1KBL ?@02>A;02=K9 E@8AB80=8=. .. ;N520 206 !"+ #  "5<0, !2OB>9 1;03>25@=K9 :=O7L ;5:A0=4@ 52A:89 &5;8 C@>:0. >7=0:><8BL A 68B85< A2OB>3> ;5:A0=4@0 52A:>3> 8 A =5:>B>@K<8 A>1KB8O<8 87 8AB>@88 =0H59 >48=K; 2>A?8BK20BL GC2AB2> ;N128 : >48=5; @072820BL @5GL, <KH;5=85, ?0<OBL. %>4 C@>:0 I. !>>1I5=85 B5<K C@>:0 #G8B5;L. 51OB0, 2K 7=05B5, :B> B0:>9 :=O7L? 5B8. -B> 206=K9 G5;>25:. #, 0=LH5 =0 CA8 B0: =07K20;8 G5;>25:0, :>B>@K9 C?@02;O; A2>8<8 75<;O<8 - :=O65AB2><. 0: 2K 4C<05B5, E>@>H> 8;8 =5B 1KBL :=O75<? >G5<C? . 025@=>5, :=O75< 1KBL E>@>H>, ?>B><C GB> C =53> <=>3> 45=53, >= <>65B :@0A82> >4520BLAO, 5ABL 2:CA=CN 54C. - =O75< 1KBL B@C4=>, ?>B><C GB> =04> ?>AB>O==> 701>B8BLAO > A2>8E ;N4OE, 70I8I0BL 8E >B 2@03>2. #. !53>4=O O @0AA:06C 20< ?@> A2OB>3> :=O7O ;5:A0=4@0 52A:>3>, 0 2K ?>A;CH05B5 8 ?>B>< >B25B8B5, ;53:> ;8 5<C 68;>AL. 51OB0, 2K ?><=8B5, GB> @0=LH5 C ;N459 =5 1K;> D0<8;89, 0 1K;8 ?@>728I0. 0: 2K 4C<05B5, 70 GB> :=O7O ;5:A0=4@0 =0720;8 52A:8<? 5B8 >B25G0NB.  A;8 2K 2=8<0B5;L=> ?>A;CH05B5 <>9 @0AA:07, B> C7=05B5, ?>G5<C A2OB>3> :=O7O ;5:A0=4@0 =0720;8 52A:8<. II. 7CG5=85 =>2>3> <0B5@80;0 #. !2OB>9 1;03>25@=K9 :=O7L ;5:A0=4@ 52A:89 1K; AK=>< :=O7O /@>A;020 A52>;>4>28G0. >340 ;5:A0=4@C 1K;> >:>;> 20 ;5B, 53> >B5F C5E0; ?> 45;0<, 0 2 >23>@>45 (345 >= B>340 ?@028;) >AB028; ;5:A0=4@0.  MB> 2@5<O ?@028B5;L (25F88 8@35@ ?@8H5; A 1>;LH8< 2>9A:><, GB>1K 702>520BL >23>@>4. = ?>A;0; A:070BL ;5:A0=4@C: 59AO A> <=>9, 5A;8 A<55HL; O C65 AB>N =0 B2>59 75<;5. # ;5:A0=4@0 1K;0 !2OB>9 1;03>25@=K9 :=O7L ;5:A0=4@ 52A:89 207 <0;5=L:0O 4@C68=0, => ?>AK;0BL 70 ?>4<>3>9 =5 1K;> C65 2@5<5=8.  :B> 7=05B, GB> 7=0G8B 4@C68=0? . -B> 2>9A:> :=O7O. #. =O7L ;5:A0=4@ A>1@0; A2>N 4@C68=C 8 ?>H5; ?><>;8BLAO 2 F5@:>2L. 1>4@5==K9 4CE><, >= 2KH5; 87 E@0<0 8 A:070; A2>59 4@C68=5 8 2A5<C =0@>4C: 5 2 A8;5 >3, 0 2 ?@0245. >A;5 MB>3> @CAA:85 2>9A:0 ?>4>H;8 : @5:5 525. "0< :=O7O 2AB@5B8; 4>7>@=K9. 0: 2K 4C<05B5, :>3> =07K20;8 4>7>@=K<? . -B> G5;>25:, :>B>@K9 =01;N405B 70 2@03>< 87 C:@KB8O. #. -B>3> 4>7>@=>3> 720;8 5;3CA89.  >= @0AA:070; :=O7N, GB> =0 @0AA25B5 >= C2845; ;>4:C, 0 2 =59 A2OBKE :=O759 >@8A0 8 ;510, :>B>@K5 C<5@;8 704>;3> 4> MB>3>. >@8A 8 ;51 3>2>@8;8, GB> ?;K2CB ?><>GL ;5:A0=4@C. 5 8N;O @CAA:85 C40@8;8. CAA:0O 4@C68=0 B5A=8;0 2@030, :>B>@K9 =5 <>3 ?@89B8 2 A51O >B =5>6840==>AB8. >1540 1K;0 @5H8B5;L=>9. >A;5 MB>9 ?>154K ;5:A0=4@0 AB0;8 =07K20BL 52A:8<. !=0G0;0 =>23>@>4FK >G5=L C2060;8 A2>53> :=O7O, => A> 2@5<5=5< >=8 ?5@5AB0;8 53> A;CH0BLAO, 8 ;5:A0=4@ 52A:89 C5E0; >B =8E, 0 2 MB> 2@5<O : >23>@>4C ?@81;860;>AL 2>9A:> =5<5F:8E @KF0@59. >23>@>4FK 8A?C30;8AL, GB> @KF0@8 702>NNB 8E 3>@>4, 8 ?>?@>A8;8 :=O7O ;5:A0=4@0 70I8B8BL 8E. ;5:A0=4@ 52A:89 ?@>AB8; =>23>@>4F52, ?>B><C GB> 1K; >G5=L <8;>AB82, 8 ?>H5; A> A2>59 4@C68=>9 =0 =5<F52. 5H0NI0O 18B20 1K;0 =0 ;L4C 'C4A:>3> >75@0. =0 B0: 8 =07K205BAO 54>2>5 ?>1>8I5. 5 0?@5;O 1242 3>40, =0 2>AE>45, @CAA:85 2>8=K C2845;8 4286CI55AO =0 =8E >AB@K< :;8=>< =5<5F:>5 2>8=AB2>. KF0@8 2@570;8AL 2 @CAA:CN @0BL, 8 BCB 65 @CAA:85 ?;>B=> >:@C68;8 =5<5F:89 :;8=. !B0;8 ?>@060BL =5<F52 A> 2A5E AB>@>=, 1>52>9 ?>@O4>: =5<F52 =0@CH8;AO. 54 AB0; :@0A=K< >B ?@>;8B>9 :@>28. >B5@8 2@03>2 1K;8 3@><04=K5. 0H8 65 -=57=0G8B5;L=K5.  B> 2@5<O CAL =0E>48;0AL ?>4 2;0ABLN B0B0@>-<>=3>;>2.  2>B :=O7O ;5:A0=4@0 2K720;8 =0 ?>:;>= : B0B0@A:><C E0=C. !2OB>9 ;5:A0=4@ 52A:89 @5H8; 45@60BL <8@ A <>=3>;0<8, ?>B><C GB> ?>=8<0;: 2AO:>5 A>?@>B82;5=85 8< 2 B> !"+ #  208 2@5<O <>3;> ?>3C18BL CAL. = @5H8; 2A5 2KB5@?5BL, => A?0AB8 CAA:CN 75<;N. >340 1;03>25@=K9 :=O7L ?@85E0; : E0=C, B> 5<C 25;5;8 ?>:;>=8BLAO 84>;0<, => A2OB>9 ;5:A0=4@ A:070;: / E@8AB80=8= 8 =5 1C4C 8< ?>:;>=OBLAO. 0 B0:>9 >B:07 E0= >1KG=> C1820; ;N459, => BCB >= ?@8=O; A2OB>3> :=O7O ;5:A0=4@0 8 4065 2?>A;54AB288 A45;0; 53> 25;8:8< :=O75<. ! MB>3> 2@5<5=8 8 4> :>=F0 A2>8E 4=59 A2OB>9 ;5:A0=4@ 52A:89 2A5 A2>8 A8;K >B4020; >48=5.  1263 3>4C ?> 4>@>35 >B E0=0 1;03>25@=K9 :=O7L ;5:A0=4@ C<5@. 5@54 A<5@BLN >= ?@8=O; <>=0H5A:89 ?>AB@83. >340 1;03>25@=K9 :=O7L ?@5AB028;AO, B> <8B@>?>;8B 8@8;; A:070;: 0:0B8;>AL !>;=F5 75<;8 CAA:>9! 0: 2K ?>=8<05B5 MB8 A;>20? . 8B@>?>;8B 8@8;; =0720; !>;=F5< A2OB>3> ;5:A0=4@0 52A:>3> ?>B><C, GB> >= A2>8<8 4>1@K<8 45;0<8 ?@>A25I0; A5@4F0 @CAA:8E ;N459. III. 0:@5?;5=85 <0B5@80;0 #. 0 GB> 65 A2OB>3> :=O7O ;5:A0=4@0 ?@>720;8 52A:8<? . 0 B>, GB> >= @0718; H254>2 =0 @5:5 525. #. ><=8B5, 2 =0G0;5 C@>:0 O A?@>A8;0: 0: 2K 4C<05B5, ;53:> ;8 1KBL :=O75<?" B25BLB5, ;53:0O ;8 687=L 1K;0 C A2OB>3> ;5:A0=4@0 52A:>3>? . 5B, 5<C ?>AB>O==> ?@8E>48;>AL 70I8I0BL CAA:CN 75<;N >B 2@03>2. #. 0: 2K 4C<05B5, <>6=> ;8 =0720BL :=O7O ;5:A0=4@0 52A:>3> A2OBK<? B> B0:85 A2OBK5? . !2OBK5 - MB> ;N48, :>B>@K5 25@OB 2 >30, 2K?>;=ONB 53> 70?>2548, ?><>30NB ;N4O<.  ;5:A0=4@0 52A:>3> <>6=> =0720BL A2OBK<, ?>B><C GB>. >= ;N18; >30, 4065 ?5@54 E0=>< =5 >B@5:AO >B A2>59 25@K 5I5 >= ?><>30; @CAA:8< ;N4O<, 70I8I0; 8E. #. ?>;;>= 09:>2 =0?8A0; AB8E>B2>@5=85 > A2OB>< :=O75 ;5:A0=4@5. >A;CH09B5 53> 8 A:068B5, > :0:8E A>1KB8OE 87 687=8 1;03>25@=>3> :=O7O ;5:A0=4@0 52A:>3> 2 =5< 3>2>@8BAO. "8E> ;0<?040 ?@54 >1@07>< !?0A0 3>@8B; "8E> 83C<5= ?@54 =8< =0 <>;8B25 AB>8B; "8E> 1>O@5 AB>OB ?> C3;0<; 209 !2OB>9 1;03>25@=K9 :=O7L ;5:A0=4@ 52A:89 "8E 8 =542868< ;568B, 3>;>2>9 : >1@070<, =O7L ;5:A0=4@, G5@=>9 AE8<>9 ?>:@KB... !B@0H=>3> G0A0 2A5 64CB: =5B =04564K, C6 =5B! !;KH8BAO 2 :5;L5 ?>@>9 ;8HL 1>;OI53> 1@54. "8E> ;0<?040 ?@54 >1@07>< !?0A0 3>@8B... =O7L =5?>4286=> 2> BL<C, 2 15A?@545;L=>ABL 3;O48B... "L<0, GB> 7025A0, @07428=C;0AL 24@C3 ?5@54 =8<... 848B >=: >1;8BK9, A;>2=> ;CG>< 7>;>BK<, 5@53 52K, 345 @078; >= 2@030... 4@C3 2>7=8:05B B0< 3>@>4... 0@>4>< :8H0B 15@530... $;030<8 25NB F25B=K<8 :@C3>< :>@01;8... @>< @07405BAO; :>@01;L ?>:070;AO 240;8... @028B 8< :>@<G89 A >B:@KBK< 2KA>:8< G5;><... >@<G53> 2A5 =07K20NB F0@5<... @>1 A :>@01;O ?>4=8<0NB, :> E@0<C =5ACB, 2>= @07405BAO, A2OI5==K5 38<=K ?>NB... @KH:C >B:@K;8... &0@L GB>-B> B>;?5 3>2>@8B... >B ?5@54 3@>1>< 75<=K5 ?>:;>=K B2>@8B... !;54>< - 2A5 ;N48 84CB ?@8;>68BLAO : <>I0<..,  3@>15 6, - :=O7L 2848B, - >= A0<... "8E> ;0<?040 ?@54 >1@07>< !?0A0 3>@8B... =O7L =5?>42865= ;568B... !;>2=> :0: A25B =04 53> ?@>A8O; 3>;>2>9 -'C4=>9 ;8F> >70@8;>AL :@0A>9, "8E> 83C<5= : =5<C ?>4>H5; 8 4@>60I59 @C:>9 !5@4F5 >IC?0; 53> 8 G5;> -, 70@K402, 2>73;0A8;: 0H5 !>;=F5 70H;>! IV. >42545=85 8B>3>2 #.  :0:>< A2OB>< 2K A53>4=O C7=0;8? 'B> 87 53> 687=8 20< 1>;LH5 2A53> 70?><=8;>AL? V. ><0H=55 7040=85 ><0 =0@8AC9B5 54>2>5 ?>1>8I5. .. ;N520 210 !"+ #  "5<0. !2OB0O 25;8:><CG5=8F0 0@20@0 &5;8 C@>:0. >7=0:><8BL A 68B85< A2OB>9 0@20@K; 70:@5?8BL ?>=OB85 <CG5=8:: @072820BL ?0<OBL, @5GL; 2>A?8BK20BL 2 45BOE 25@C, =@02AB25==K5 :0G5AB20. %>4 C@>:0 I. >2B>@5=85 #G8B5;L. 0209B5 ?>2B>@8<, GB> <K 7=05< > <CG5=8:0E. >3> @02>A;02=0O &5@:>2L =07K205B <CG5=8:0<8? 5B8. -B> ;N48, :>B>@K5 ?>AB@040;8 70 25@C. #.  :0:8E <CG5=8:0E <K A 20<8 C65 3>2>@8;8? 0AA:068B5, GB> 2K ?><=8B5.> =8E. 5B8 >B25G0NB. - K ?><=8B5, GB> <CG5=8:0<8 AB0=>28;8AL A0<K5 @07=K5 ;N48: 1>30BK5 8 154=K5, 65=I8=K 8 <C6G8=K, AB0@8:8 8 45B8. A?><=8B5, :B> 87 <CG5=8:>2 ?>AB@040; 2 45BA:>< 8 >B@>G5A:>< 2>7@0AB5. . !2OBK5 <CG5=8FK 5@0, 045640 8 N1>2L, 25;8:><CG5=8F0 @8=0, <CG5=8: "@8D>=, <CG5=8F0 =0AB0A8O. #. !53>4=O O 20< @0AA:06C 5I5 >1 >4=>9 <CG5=8F5, :>B>@>9 1K;> GCBL 1>;LH5 ;5B, G5< 20<. II. !>>1I5=85 =>2>9 B5<K #. !2OB0O 0@20@0 68;0 2 =0G0;5 IV 25:0 2 "C@F88. @8<5@=> A:>;L:> ;5B =0704 >=0 68;0? . 1600 ;5B =0704. #. # A2OB>9 0@20@K =5 1K;> <0B5@8, 0 >B5F 70B>G8; 4>GL 2 10H=5. 0: 2K 4C<05B5, 70G5<? 5B8 >B25G0NB. ~ !2OB0O 0@20@0 1K;0 >G5=L :@0A82>9, 8 55 >B5F AG8B0;, GB> ;N48 =54>AB>9=K A<>B@5BL =0 :@0A>BC 53> 4>G5@8. !2OB0O 0@20@0 A 45BAB20 68;0 2 10H=5 A =5A:>;L:8<8 2>A?8B0B5;L=8F0<8. '0AB> >=0 ;N1>20;0AL 87 >:>= :@0A>B>9 ?@8@>4K.  >4=064K >=0 704C<0;0AL, >B:C40 27O;0AL 2AO MB0 :@0A>B0. 'B> 1K 2K >B25B8;8 =0 MB>B 2>?@>A? . 5AL =0H <8@ A>740; >3. !2OB0O 25;8:><CG5=8F0 0@20@0 211 #. !2OB0O 0@20@0 7040;0 MB>B 2>?@>A A2>8< 2>A?8B0B5;L=8F0<. =8 >B25B8;8, GB> 25AL <8@ A>740;8 1>38, :>B>@K< ?>:;>=O;AO >B5F 0@20@K, >=8 1K;8 A45;0=K 87 7>;>B0 8 AB>O;8 2 53> A?0;L=5. > <C4@0O 452>G:0 =5 ?>25@8;0 A2>8< 2>A?8B0B5;L=8F0<. -B8E 1>3>2 A45;0;8 ;N48, 8 A0<8 >=8 =8G53> A>B2>@8BL =5 <>3CB, - 2>7@078;0 8< 0@20@0 8 C65 1>;LH5 =8 > G5< 8E =5 A?@0H820;0. '5@57 =5:>B>@>5 2@5<O >A?>4L >B:@K; A2OB>9, :B> "2>@5F MB>3> <8@0.  B>340 A2OB0O 0@20@0 ?>GC2AB2>20;0, GB> =8:>340 =8:>3> =0 75<;5 =5 A<>65B >=0 B0: ;N18BL, :0: >30, A>B2>@82H53> 51> 8 75<;N. >340 A2OB0O 0@20@0 ?>4@>A;0, >B5F @5H8; 2K40BL 55 70<C6 8 AB0; ?@83;0H0BL : A515 1>30BKE 65=8E>2, => A2OB0O 2A5< >B:07K20;0. B5F @5H8;, GB> 59 ?>;57=> 1C45B ?>>1I0BLAO A 4@C38<8 ;N4L<8, B>340, <>65B 1KBL, >=0 A>3;0A8BAO =0 1@0:. '5@57 =5:>B>@>5 2@5<O >= C5E0; 2 40;L=55 ?CB5H5AB285, 0 A2>59 4>G5@8 @07@5H8; 2KE>48BL 87 10H=8. !2OB0O 0@20@0 ?>7=0:><8;0AL A 452CH:0<8-E@8AB80=:0<8, C7=0;0 >B =8E > >A?>45 8ACA5 %@8AB5 8 70E>B5;0 :@5AB8BLAO.  B> 2@5<O 2 8E 3>@>4 B09=>, ?>4 284>< :C?F0, ?@8H5; A2OI5==8:, >= 8 >:@5AB8; A2OBCN.  MB> 2@5<O >B5F 0@20@K AB@>8; 4;O A51O 10=N; C5760O, >= ?@8:070; A45;0BL 2 10=5 420 >:=0. > A2OB0O, ?@>E>4O <8<> AB@>OI59AO 10=8, 25;5;0 @01>G8< ?@>18BL 2<5AB> 42CE >:>= B@8. 0: 2K 4C<05B5, ?>G5<C 8<5==> B@8? !8<2>;>< G53> 2 E@8AB80=AB25 O2;O5BAO F8D@0 B@8? . =0 25;5;0 A45;0BL B@8 >:=0 2 G5ABL @5A2OB>9 "@>8FK. #. >B>< A2OB0O 0@20@0 2>H;0 2 :C?0;L=N 8 ?0;LF5< =0 :0<5==>9 AB5=5 =0G5@B8;0 :@5AB. 7>1@065=85 :@5AB0 GC45A=K< >1@07>< >B?5G0B0;>AL =0 :0<=5. >340 >B5F A2OB>9 2>72@0B8;AO 4><>9, B> >G5=L @0AA5@48;AO, C28452 2 10=5 B@8 >:=0 2<5AB> 42CE. = AB0; @C30BL @01>G8E, => ?>4>H;0 A2OB0O 0@20@0 8 A:070;0, GB> MB> ?> 55 ?@8:07C A45;0;8 B@8 >:=0. "0:65 >=0 ?@87=0;0AL >BFC, GB> AB0;0 E@8AB80=:>9. #A;KH02 MB>, 55 >B5F AE20B8; <5G 8 E>B5; BCB 65 C18BL A2>N 4>GL, => >=0 AC<5;0 C1560BL >B =53>. !2OB0O 0@20@0 1560;0 ?> 3>@>4C, 0 >B5F A <5G>< 70 =59, >= C65 4>3=0; 55, 2> BCB ?5@54 A2OB>9 @0AABC?8;0AL 3>@0 8 >=0 2>H;0 2 ?5I5@C. B5F 4>;3> 8A:0; A2>N 4>GL 8, =025@=>5, =8 A G5< 1K 25@=C;AO 4><>9, 5A;8 1K ?0ABCE, ?0AH89 >25F 80 MB>9 3>@5, =5 212 !"+ #  ?>:070; 5<C ?5I5@C, 345 A?@OB0;0AL A2OB0O. B5F AE20B8; 4>GL 8 4>;3> 18; 55, 0 ?>B>< >B257 ?@028B5;N B>9 AB@0=K 0@B80OC. 0@B80= 1K; ?>@065= :@0A>B>9 0@20@K, >= AB0; C3>20@820BL 55 >B@5GLAO >B %@8AB0. > A2OB0O 1K;0 B25@40 2 A2>59 25@5. ">340 55 AB0;8 <CG8BL. 5 <CG8;8 25AL 45=L, 0 25G5@>< 1@>A8;8 2 B5<=8FC. "CB 59 O28;AO !0< >A?>4L 8 8AF5;8; 55 @0=K. #B@>< A2OBCN 0@20@C >?OBL ?>25;8 =0 <CG5=8O. >340 ?@028B5;L C2845;, GB> >=0 74>@>20 8 :@0A820, :0: ?@5645, >= A:070;: 848HL, :0: 4>1@K : B515 1>38, :0: 1KAB@> >=8 8AF5;8;8 B51O. 0: 2K 4C<05B5, GB> A2OB0O 0@20@0 >B25B8;0 5<C? . =0 >B25B8;0, GB> 55 8AF5;8;8 =5 53> 1>38, 0 AB8==K9 >3. #. @028;L=>, 70 B0:85 A;>20 ?@028B5;L ?>425@3=C; A2OBCN =>2K< <CG5=8O<. !@548 ;N459, :>B>@K5 ?@8ACBAB2>20;8 ?@8 <CG5=8OE A2OB>9 0@20@K, 1K;0 >4=0 E@8AB80=:0 C;80=8O; =>GLN >=0 ?@>1@0;0AL : >:=C B5<=8FK, 345 =0E>48;0AL A2OB0O 0@20@0, 8 2845;0, :0: >A?>4L 8AF5;8; 55. ">340 C;80=8O B>65 @5H8;0 ?>AB@040BL 70 %@8AB0. 7 B>;?K >=0 =0G0;0' >1;8G0BL <CG8B5;59. 5 AE20B8;8 8 AB0;8 <CG8BL A> A2OB>9 0@20@>9. @028B5;L, 284O, GB> 5<C =5 C405BAO ?5@5C1548BL E@8AB80=>:, >AC48; 8E =0 :07=L. 5@54 A<5@BLN A2OB0O 0@20@0 <>;8;0 >30, GB>1K 2A5 ?><8=0NI85 55 =5 ?>381;8 >B 2=570?=>9 A<5@B8, 0 CA?5;8 1K ?>:0OBLAO ?5@54 >3>< 2 A2>8E 3@5E0E 8 ?@8G0AB8BLAO.  >A?>4L 8A?>;=8; 55 ?@>AL1C. 5 >B5F A0< A>25@H8; :07=L - >BA5: <5G>< 3>;>2C A2>59 A2OB>9 4>G5@8 8 A2OB>9 C ;80= 8 8. >A;5 @5I5=8O CA8 <>I8 A2OB>9 0@20@K 1K;8 ?5@5=5A5=K 2 852, A B5E ?>@ @CAA:89 =0@>4 AB0; >A>1> ?>G8B0BL MBC A2OBCN. B <>I59 A2OB>9 0@20@K ?@>8AE>48;> <=>65AB2> GC45A. / @0AA:06C 20< > =5:>B>@KE 87 =8E. 4=064K =5A:>;L:> 2>8=>2 2K5E0;8 2 ?>;5, 2=570?=> =0 =8E =0?0;8 B0B0@K 8 27O;8 2A5E 2 ?;5=, A?0AAO B>;L:> >48= G5;>25:. <C O28;0AL A2OB0O 0@20@0 8 A:070;0: =09, GB> O <CG5=8F0 0@20@0, :>B>@0O >A2>1>48;0 B51O >B B0B0@.  4@C3>9 @07 A2OB0O 0@20@0 2K;5G8;0 @C:C C >4=>3> G5;>25:0. 3> @C:0 1K;0 A:@NG5=0 8 =5 @073810;0AL, => ?> <>;8B25 : A2OB>9 0@20@5 @C:0 8AF5;8;0AL.  1;03>40@=>ABL MB>B G5;>25: ?@8=5A : <>I0< A2OB>9 @C:C, A45;0==CN 87 A5@51@0. !2OB0O 25;8:><CG5=8F0 0@20@0 213 III. 0:@5?;5=85 #. !59G0A O ?@>G8B0N >B@K2:8 87 AB8E>B2>@5=89 > A2OBKE.  2K 4>30409B5AL, 2 :0:8E >B@K2:0E @5GL 845B > A2OB>9 0@20@5.  <>I0< 55 - A2OBK=5, @8?02, ?>4C<0; O:  A<>3 1K A0< 2 ?CABK=5 @>68BL O E>BL ?>;4=O? * * * A5 A?8B A?>:>9=>. &0@AB2> =>G8 ;O 2A5E @0AAK?0;> ?>:>9  =5 A<568;> B>;L:> >G8 # E@8AB80=:8 <>;>4>9. =0, 2 B5<=8F5 70?5@B0O, !848B =54286=>, A=0 =5 7=0O,  2AQ 2 60@C, @0A:@K2 CAB0, >25B !?0A8B5;O %@8AB0. * * *' =0 1K;0 5I5 65AB>:0  ?@>;820;0 :@>2L 70 :@>2L, >:0 >A?>4L 0 <3=>25=L5 >:0 5 40; 59 25@C 8 ;N1>2L. *** 8;0 >=0, 1;065==0O, "8E0,4>1@0, G8AB0, 0A<5H:8, C=865=8O "5@?O @048 %@8AB0. * * * =0 A<>B@5;0 =0 A>72574LO,  4;O =55 2 :0:>9-B> <83 =8 24@C3 AB0;8 :0: 8725ABL5  ">< "2>@F5, GB> A>740; 8E. 5B8 @0AAC640NB ?>A;5 ?@>GB5=8O :064>3> >B@K2:0. 214 !"+ #  . 5@2>5 =5 ?>4E>48B, B0: :0: A2OB0O 0@20@0 =5 68;0 2 ?CABK=5. B>@>5 ?>4E>48B, B0: :0: >=0 1K;0 70B>G5=0 2 B5<=8F5; B@5BL5 =5 ?>4E>48B, B0: :0: 4> :@5I5=8O >=0 =5 1K;0 65AB>:>9; G5B25@B>5 =5 ?>4E>48B, B0: :0: A2OB0O 0@20@0 =5 1;065==0O, 0 <CG5=8F0; ?OB>5 ?>4E>48B  2 =5< 3>2>@8BAO > B><, :0: A2OB0O 0@20@0 4C<0;0 > "2>@F5 <8@0. #. K A>25@H5==> ?@02K. 5@2>5 AB8E>B2>@5=85 ?>A2OI5=> ?@5?>4>1=>9 0@88 38?5BA:>9, B@5BL5 - A2OB>9 ;L35, G5B25@B>5 - A2OB>9 A5=88 5B5@1C@3A:>9. >A;CH09B5 B5?5@L AB8E>B2>@5=8O > A2OB>9 0@20@5 F5;8:>< 8 >B25BLB5, > :0:8E A>1KB8OE 87 55 687=8 2 =8E 3>2>@8BAO. 5@2>5 AB8E>B2>@5=85 D0=0AL520. =0 A<>B@5;0 =0 A>72574LO,  4;O =55 2 :0:>9-B> <83 =8 24@C3 AB0;8 :0: 8725ABL5  ">< "2>@F5, GB> A>740; 8E.  A>;=F0 O@:>5 3>@5=L5,  <>@O 1;5A:, 8 H8@L ?>;59,  HC< A04>2, 8 2A5 B2>@5=L5 -A5 > "2>@F5 A:070;> 59. ">B <8@, GB> 2845= 1K; 59 A 10H=8, 0: :=83C. >3 >B:@K; ?@54 =59,  A;04>: AB0; 59 ?;5= 4><0H=89  >48=>G5AB2> @>4=59. >A?>4L 4;O A5@4F0, =5 4;O A;CE0, 9 >B:@K20; A2>8 45;0,  1;03>40BL !2OB>3> CE0 82K< >3=5< 2 =55 2>H;0. >340 >=0, 2>7452H8 @C:8, "515 <>;8;0AL, > "2>@5F, 9 <8@ 3>B>28; 7;K5 <C:8,  "K - 1;8AB0B5;L=K9 25=5F! .  MB>< AB8E>B2>@5=88 3>2>@8BAO > B><, :0: A2OB0O 0@20@0 A845;0 2 10H=5 8 4C<0;0 > B><, :B> A>740; MB>B <8@.  >A?>4L 59 >B25B8; =0 MB>B 2>?@>A. I5 745AL 3>2>@8BAO > B><, GB> A2OB0O 0@20@0 ?>AB@040;0 70 %@8AB0. #. B>@>5 AB8E>B2>@5=85 =07K205BAO CG5=8F0, =0?8A0; 53> 5@6028=. '' !2OB0O 25;8:><CG5=8F0 0@20@0 215 A5 A?8B A?>:>9=>. &0@AB2> =>G8 ;O 2A5E @0AAK?0;> ?>:>9  =5 A<568;> B>;L:> >G8 # E@8AB80=:8 <>;>4>9. =0, 2 B5<=8F5 70?5@B0O, !848B =54286=>, A=0 =5 7=0O,  2AO 2 60@C. @0A:@K2 CAB0, >25B !?0A8B5;O %@8AB0. =0 A:>@18B. 9 BO6:>, B@C4=>. 4@C3 B5<=K9 A2>4 =04 =59 8AG57  A25B 1;5A=C; :0:>9-B> GC4=K9,  2 15;>< >1;0:5 =515A !>H5; %@8AB>A >A?>4L 2 B5<=8FC, , 2AB02 ?@54 452>N, 45A=8FC 0 3>;>2C 59 2>7;>68;,  :@0B:> B0: ?@>3>2>@8;: /, :0: 65=8E, B51O ;N1;N  GC4>459AB25==>9 @C:>N "2>8 AB@040=LO 8AF5;N. "5@?8 8 25@L. 845=L5 A:@K;>AL,  A=>20 <@0:>< 2A5 ?>:@K;>AL.  E@8AB80=:0 2=>2L >4=0, > C6 A?>:>9=0 8 A8;L=0... .  MB>< AB8E>B2>@5=88 3>2>@8BAO, :0: A2OBCN 0@20@C ?>A;5 <CG5=89 ?>A048;8 2 B5<=8FC 8 B0< 55 8AF5;8; >A?>4L. #, 0 :0:85 G0AB8 2 7028A8<>AB8 >B =0AB@>5=8O <>6=> @0745;8BL MB> AB8E>B2>@5=85? . 0 425: 2 ?5@2>9 G0AB8 3@CAB=>5 =0AB@>5=85, 2> 2B>@>9 -@04>AB=>5. #. >G5<C? .  ?5@2>9 G0AB8 A2OB>9 3@CAB=>, 59 1>;L=>, >=0 >4=0. 0AB@>5=85 <5=O5BAO, :>340 ?>O2;O5BAO >A?>4L, >= CB5H05B A2OBCN. IV. >42545=85 8B>3>2 #.  :0:>9 A2OB>9 <K A53>4=O 3>2>@8;8? 'B> 87 55 687=8 20< >A>15==> 70?><=8;>AL? .. ;N520 !&    0< ?>5B ?0AE0;L=K9 72>= ?5A=L > 687=8 25G=>9 59AB2CNI85 ;8F0 01CH:0. 5=8A. =O. 5=0. %>4 ?@074=8:0  =0@O4=> C:@0H5==>< F25B0<8 8 75;5=K<8 25B:0<8 70;5 AB>8B AB>;. 0 AB>;5 - 2070 A 25B>G:0<8 25@1K, ?;5B5=0O :>@78=:0, =0?>;=5==0O :@0H5=K<8 8 @0A?8A=K<8 O9F0<8, =0 1;N45 - :C;8G8. 0 AB>;>< A84OB 01CH:0 8 55 2=C:8: 5=8A, =O 8 5=0. 01CH:0 ?>AK?05B :C;8G8 A0E0@=>9 ?C4@>9, =O 8 5=8A @0A:@0H820NB O9F0, 5=0 2K@5705B A0;D5B:C 4;O :C;8G0. 01CH:0. >@>385 <>8!  ?@>H;>5 2>A:@5A5=L5 <K E>48;8 A 20<8 2 E@0<, >A2OI0;8 =5B>G:8 25@1K, 0 A53>4=O ?>A<>B@8B5: =0 =8E C65 ?>O28;8AL 75;5=K5 ;8AB>G:8! 5=0. 01CH:0!  :0:>9 ?@074=8: <K >B<5G0;8 2,?@>H;>5 2>A:@5A5=L5? 01CH:0. ">340 <K >B<5G0;8 25;8:89 ?@074=8: - E>4 >A?>45=L 2 5@CA0;8<. >340 8ACA %@8AB>A 2>A:@5A8; 070@O, <=>385 2845;8 MB> GC4>. %@8AB0, 2J5E02H53> 2 3>@>4 5@CA0;8< =0 >A;8:5 8 >:@C65==>3> CG5=8:0<8, 2AB@5G0;8 B>;?K =0@>40, ;N48 1@>A0;8 <C ?>4 =>38 75;5=K5 ?0;L<>2K5 25B28, CAB8;0;8 4>@>3C A2>8<8 >45640<8, ?@825BAB2>20;8 3> 2>73;0A0<8 A0==0!. "0:85 ?>G5AB8 2 402=85 2@5<5=0 2 7@08;5 >:07K20;8 B>;L:> ?>1548B5;O< 8 F0@O<. 54L 8ACA %@8AB>A ?>1548; A0<C A<5@BL! 0< ?>5B ?0AE0;L=K9 72>= ?5A=L > 687=8 25G=>9 217  >AA88 ?0;L<K =5 @0ABCB, => A ?5@2K<8 25A5==8<8 ;CG0<8 C65 ?>:@K;8AL ;53:8< 75;5=K< ?CH:>< 25B:8 25@1K. 5B>G:0 25@1K A;C68B C =0A 7=0:>< ?>154K 8ACA0 %@8AB0 =04 A<5@BLN, 0 ?@074=8: =07K20NB 5I5 5@1=K< 2>A:@5A5=L5<. 2CG8B =56=0O <5;>48G=0O <C7K:0 8;8 45B8 ?>NB E>@><. =O. 5A=0 5I5 =5 AH8;0 5A0<, ;C30< @C10H:8, 8HL 25@10 @0A?CH8;0 C4@O2K5 10@0H:8. 0@0H:8 7>;>BK5 53CB ?> B>=:8< 25B:0< -5A5;K5, 682K5, 0: <0;5=L:85 45B:8! 5=8A. 5B 2 >AA88 ?0;L< 75;5=KE, 8HL 15@57>=L:8 40 :;5=K, 0 ?CH8BAO =04 2>4>9 5@10 25B:>9 7>;>B>9. 5@10 25B:8 40@8B =0< -B=5A5< 8E 2 >689 E@0< - ?>4 :>;>:>;L=K9 72>= E ?>AB028< C 8:>=. 01CH:0. 0<5G0B5;L=>, 2=CG:8! =O. 01C;O, ?>A<>B@8,, :0: O @07@8A>20;0 ?0AE0;L=>5 O8G:>! =O ?>:07K205B @07@8A>20==>5 O8G:> 01CH:5 8 2A5<C 70;C. 01CH:0 @0AA<0B@8205B 53>, ;N1COAL 8<. =O. 52C=LN, <0;5=L:CN ?B8G:C, / @8A>20;0 =0 O8G:5. )515G5B ?B8G:0 =0< A =515A: - %@8AB>A 2>A:@5A! %@8AB>A 2>A:@5A! 01CH:0. G5=L :@0A82>5 C B51O ?>;CG8;>AL O8G:>! 5=8A.  O =0@8A>20; F25B>:, 0A:@0A8; :064K9 ;5?5AB>:, CABL 2AO ?@8@>40, 2A5 @0AB5=LO >AA;02OB GC4> >A:@5A5=LO! >:07K205B O9F>. 01CH:0. >;>45F, 5=8A! 218 !&    5=0. / =0@8ACN >689 E@0<: !:>;L7OB ;CG8 ?> :C?>;0<. 0 A>;=F5 7>;>B8BAO :@5AB: 8ACA 2>A:@5A! %@8AB>A 2>A:@5A! 2CG8B B>@65AB25==0O <C7K:0. 01CH:0.  O ?>:@0A8;0 O9F0 2 :@0A=K9 F25B. =5 2A?><=8;>AL ?@540=85 > ?5@2>< :@0A=>< O9F5.  @0AA25B=>9 4K<:5 B0O;0 4>;8=0, 04 >1;0:0<8 7>;>B8;AO @5AB. @8H;0 : F0@N 0@8= 0340;8=0, 5ABL ?@8=5A;0: 8ACA %@8AB>A 2>A:@5A! - 5B, 65=I8=0, B515 O =5 ?>25@N! $0=B0788 8 2K<KA;C 5ABL <5@0, -KA;L >6828;0 2;0AB=>5 ;8F>. - 0: =5 ?>25@N O, GB> 15;>5 O9F>, . ">1>N ?@8=5A5==>5 <=5 2 40@, 4@C3 AB0=5B :@0A=K<, A?KE=5B, :0: ?>60@! &0@L 70<>;G0;, => A MB8<8 A;>20<8 !25G5=L5 @07;8;>AL =04 3>;>20<8, !B5A=8;>AL 8 70<54;8;>AL 4KE0=L5, 070;>AL, 345-B> <C7K:0 72CG8B. /9F0 :>A=C;8AL B5?;K5 ;CG8, => 7063;>AL 2 ;CG0E, 70B@5?5B0;> , A;>2=> @>2L %@8AB>20, 0;K< AB0;>! 01CH:0. !:>@> <K ?>945< 2 >689 E@0< >A2OI0BL ?0AE0;L=K5 O9F0 8 :C;8G8. >340 O 1K;0 <0;5=L:>9 452>G:>9 8 68;0 2 45@52=5, ?><=N, :0: <K 3>B>28;8AL : 0AE5.  '8ABK9 '5B25@3 25AL 4>< A:>1;8;8 A=0@C68 8 87=CB@8, A<K20;8 78<=NN 3@O7L 8 :>?>BL, <K;8 >:=0, 15;8;8 ?5G:C. >O 101CH:0 ?5:;0 A4>1=K5 :C;8G8, 0 45B8 :@0A8;8 O9F0, A?><8=0N, :0: ?5@54 0AE>9, 0ACG82 @C:020 ?> ;>:>BL, >< A:>1;8;8, A<K20;8 :>?>BL, . >4>:>==8:8 ?0E;8 :@0A:>9. ><=N A4>1=K9 70?0E 20=8;8, 5@54 >1@07>< - ?;0<O A25G8, 0 25G5@=59 70@5 E>48;8  A25B;K9 E@0< A2OB8BL :C;8G8. 0< ?>^B ?0AE0;L=K9 72>= ?5A=L > 687=8 25G=>9 219 @>18@0OAL ?> C7:8< <>AB>G:0< '5@57 ;C68, @CGL8 8 3@O7L, (;8 AB0@CE8 2 15;KE ?;0B>G:0E, 0 2KA>:89 :C?>; :@5ABOAL... @8:;NG0;>AL A> <=>9 =5<0;>, 87=L ?>@>N H;0 ?>4 >B:>A, > O A A0<>3> 45BAB20 7=0;0: 5 >AB028B <5=O %@8AB>A! 2CG8B ?5A=>?5=85. =O. 01C;O, 0 ?>G5<C ?>A;54=OO ?5@54 0AE>9 =545;O =07K205BAO !B@0AB=>9 A54<8F59? 01CH:0. >B><C GB> =0 MB>9 =545;5 <K: 2A?><8=05< > ?>A;54=8E 4=OE 75<=>9 687=8 8ACA0 %@8AB0, 3> AB@040=8OE 8 :@5AB=>9 A<5@B8. 064K9 87 MB8E 4=59 ?>;CG8; =0720=85 5;8:>3>. >=545;L=8:, B>@=8: 8 !@540 ?>A2OI5=K 2>A?><8=0=8O< ?>A;54=8E 15A54 8ACA0 %@8AB0 A =0@>4>< 8 CG5=8:0<8.  '5B25@3 <K 2A?><8=05< "09=CN 5G5@N 8ACA0 %@8AB0 A> !2>8<8 CG5=8:0<8.  20=35;88 >B 0BD5O A:070=>:  :>340 >=8 5;8, 8ACA 27O; E;51 8, 1;03>A;>282, ?@5;><8; 8, @074020O CG5=8:0<, A:070;: ?@88<<B5, O48B5: A85 5ABL B5;> >5. , 27O2 G0HC 8 1;03>40@82, ?>40; 8<, 8 A:070;: ?59B5 87 =55 2A5, 81> MB> 5ABL :@>2L >O >2>3> 025B0, 70 <=>38E 87;8205<0O 2> >AB02;5=85 3@5E>2. 5;8:0O OB=8F0 - MB> A0<K9 A:>@1=K9 45=L, 254L 8<5==> 2 MB>B 45=L A>25@H8;8AL @0A?OB85 8 @5AB=0O A<5@BL !?0A8B5;O. !C11>B0 !B@0AB=>9 A54<8FK - 45=L ?@51K20=8O B5;0 >A?>40 8ACA0 %@8AB0 2> 3@>10.'  2 2>A:@5A5=L5 <K >B<5G05< 25;8G09H89 87 2A5E ?@074=8:>2 0AEC - >A:@5A5=85 >A?>40 =0H53> 8 !?0A8B5;O 8ACA0 %@8AB0.  B@>?0@5 ?@074=8:0 ?>5BAO > B><, GB> %@8AB>A 2>A:@5A 87 <5@B2KE, A<5@B8N ?>15482 A<5@BL 8 402 687=L =0E>4OI8<AO 2 3@>10E.  MB>B 45=L A :>;>:>;5= ;L5BAO .;8:CNI89 :>;>:>;L=K9 ?5@572>=, 2CG8B <C7K:0 A :>;>:>;L=K< ?5@572>=><. 5=8A. %@0< >A?>4=89 >70@5= !>;=F5< 7>;>B8ABK<, 320. !&    L5BAO :>;>:>;L=K9 72>= -2>= ?0AE0;L=K9, G8ABK9. 068305B ;8F0 >= 04>ABLN A5@45G=>9, 54L ?>5B ?0AE0;L=K9 72>= 0< > 687=8 25G=>9. 01CH:0. >@>385 <>8!  =>GL A AC11>BK =0 2>A:@5A5=L5 <K ?>945< A 20<8 2 E@0< =0 B>@65AB25==CN 0AE0;L=CN A;C61C. -B0 A;C610 - A;>2=> 38<= !25B;><C %@8AB>2C >A:@5A5=8N, 38<= ?>1545 687=8 =04 A<5@BLN! 0?5;8. 04@>60;8 A25G8, .  70 @5H5BG0BK< >:=>< . 0@>7>25; ?0AE0;L=K9 25G5@,  22KAL =5A;8AL A;>20 > 5<.  4K< :048;L=8F 2>A:C@8;AO,  ?>7>;>B>9 2A?KE=C; @5AB.  E>@ 2 548=K9 3>;>A A;8;AO: %@8AB>A 2>A:@5A! %@8AB>A 2>A:@5A! 5AL <8@ B>@65AB2C5B 8 @04C5BAO: 8 725@8, 8 ?B8FK, 8 @0AB5=8O, 8 ;N48. N48 B@864K F5;CNB 4@C3 4@C30 A> A;>20<8; %@8AB>A 2>A:@5A! 8 >B25G0NB; >8AB8=C 2>A:@5A! 5=8A. %@8AB>A 2>A:@5A! %@8AB>A 2>A:@5A!  1;8AB0NI8E >45640E 8ACA %@8AB>A 3;O48B A =515A  40@8B =0< =04564C  25@C 2 B>, GB> A<5@B8 - =5B! !25@H8BAO 2>A:@5A5=L5, >65AB25==K9 ?@>;L5BAO A25B, 0@CO =0< A?0A5=L5! %@8AB>A 2>A:@5A! %@8AB>A 2>A:@5A! 2CG8B B>@65AB25==0O <C7K:0. 5B8 ?>>G5@54=> G8B0NB AB8E>B2>@5=85. =O. 2574=K9 E>@ ?>5B A =515A: 8ACA %@8AB>A 2>A:@5A! 508A,  ?>;45=L B5?;K5 ;CG8 . 70@ONB ;5A,  ?>NB, 6C@G0B @CGL8: 8ACA 2>A:@5A! 0AE0;L=K9 :>;>1>:- 221 5=0. 04>AB=> A8O5B E@0<, >;>B8BAO :@5AB, ;03>25AB8B 0=35; =0<; .8ACA 2>A:@5A! 5B8 (E>@><). >8AB8=C 2>A:@5A! ". (>@K38=0 0AE0;L=K9 :>;>1>: (> <>B820< @CAA:>9 =0@>4=>9 A:07:8) 59AB2CNI85 ;8F0 54CI89 1. 54CI89 2. 54. 010. >;>1>:. >;:. 54254L. 8A0. 0BNH:0. %>4 ?@074=8:0 54CI89 1. 8;8-1K;8 154=K5 54 8 010. 54CI89 2. G5=L 154=K5. 54CI89 1. # =8E =5 1K;> :C@>G:8 @O1K. 54CI89 2. E, =5 1K;>. 54CI89 1. =0 =5 A=5A;0 8< O8G:0. 54CI85 {2<5AB5).  =5 <>3;8 >=8 8A?5GL ?0AE0;L=>3> :C-;8G8:0! 54CI89 2. 54 015 3>2>@8B. . 54. '5< 65, <8;0O, =0< =0 0AEC @073>25BLAO-B>? 010. E, C6 8 =5 7=0N, <8;09. 54L <C:0 C =0A 402=> C65 :>=G8;0AL. 54. 0209, 010, =5 1C45< C=K20BL, 0 ?><>;8<AO >3C 40 4> 0<10@C ?><5B5<, ?> ACA5:0< ?>A:@515<; <>65B, E>BL =0 :>;>1>: =015@5BAO. 222 !&    54CI89 1. "0: >=8 8 A45;0;8: ?> 0<10@C ?><5;8, ?> ACA5:0< ?>A:@51;8, <CG8FC =0 2>48F5 70<5A8;8, A;578F59 ?>A>;8;8. 54CI89 2. >30 ?>1;03>40@8;8. 54CI89 1. A?5:;8 ?>AB=K9 :>;>1>: 8 =0 >:=> ?>;>68;8. 54CI85 (2<5AB5). > CB@0 ?@>ABK=CBL. 54CI89 2.  =0CB@> ?@>A=C;AO >;>1>: @0=LH5 2A5E. >;>1>:. 'B>-B> 54CH:8 8 01CH:8 =5 A;KH=>. !?OB ?>48. 0<0O;8AL A> <=>9 2G5@0, 4065 >154=N ?@>A?0;8. >:0GCAL-:0 O 2 F5@:>2L, ?>:0 >=8 A?OB, >:@>?;NAL C 10BNH:8 A2OB>9 2>4>9, E>BL MB8< AB0@8G:>2 CB5HC. 54CI89 1. !>A:>G8; >;>1>: A ?>4>:>==8:0 =0 75<;N 8 0940 2 F5@:>2L. 0 =5 ?> 4>@>35, 0 ?@O<8:>< G5@57 ;5A. 02AB@5GC 5<C >;:. >;:. >;>1>:, >;>1>:, O B51O AJ5<. >;>1>:. 'B> BK. >;:, 254L O 5I5 =5 >A2OI5==K9. > 0<10@C <5B5=, ?> ACA5:0< A:@515=, =0 2>48F5 <5H5=, A;578F59 A>;5=, => 5I5 =5 >A2OI5=. 48 <5=O 745AL. 54CI89 2. >;>1>: ?>:0B8;AO 40;LH5, 0 =02AB@5GC 5<C 54254L. 54254L. >;>1>:, >;>1>:, O B51O AJ5<. >;>1>:. 'B> BK, 54254L, 254L O 5I5 =5 >A2OI5==K9. > 0<10@C <5B5=, ?> ACA5:0< A:@515=, =0 2>48F5 <5B5=, A;578F59 A>;5=, => 5I5 =5 >A2OI5=. 48 <5=O 745AL. 54CI89 1. >;>1>: ?>:0B8;AO 40;LH5, 0 =02AB@5GC 5<C 8A0. 8A0. ! ?@074=8G:>< B51O. >;>1>:. 0;5:> ;8 BK, <>9 A;045=L:89, =0?@028;AO? >;>1>:. /. 8A0, 2 F5@:>2L A?5HC. 8A0. C40, A;045=L:89? / GB>-B> =5 @0AA;KH0;0. >;>1>:.  F5@:>2L >68N, A2OB>9 2>4>9 >:@>?8BLAO. 8A0. / GB>-B> 3;CE>20B0 AB0;0. >4>948 :> <=5, <>9 ?>AB-=5=L:89, ?>1;865. >;>1>:. /, 8A>=L:0, 2 F5@:>2L B>@>?;NAL, C 10BNH:8 A2OB>9 2>4>9 >:@>?8BLAO, 0 BK <5=O 745AL ?>4>648. 54CI89 2. @8:0B8;AO >;>1>: 2 F5@:>2L 8 A@07C : 10BNH:5. :@>?8;AO A2OB>9 2>4>9, 0 10BNH:0 53> A?@0H8205B. 0BNH:0. 45 65. >;>1>:, B2>5 :@0A=>5 O8G:>? >;>1>:. 5B C <5=O, 10BNH:0, :@0A=>3> O8G:0. >8 54CH:0 8 01CH:0 154=K5. 0BNH:0. 0, 2>7L<8. >;>1>:, >B=5A8 O8G:8 54CH:5 8 01CH:5. >645AB25=A:0O 725740 228 54CI89 1.  BCB ?@8E>60=5 CA;KE0;8 @073>2>@, =04020;8 >;>1:C O8G5: F5;CN :>@78=C. 54CI89 2. 0B8BAO >;>1>: >1@0B=> G5@57 ;5A ?@O<8:><, 0 =02AB@5GC 5<C >;:, 54254L 8 8A8F0. 25@8. ! ?@074=8:>< B51O, >;>1>:, A =0ABC?0NI8< %@8AB>2K< >A:@5A5=85<! C45B =0< G5< =0 0AEC @073>25BLAO! >;>1>:. -:85 2K, 725@8, =5@07C<=K5! 54L O 65 ?>AB=K9: ?> 0<10@0< <5B5=, ?> ACA5:0< A:@515=, =0 2>48F5 <5H5=, A;578F59 A>;5=. 0: 65 2K <=>N @073>255B5AL? 25@8. 'B> 65 =0< B>340 45;0BL? >;>1>:. >7L<8B5 2>B ?> :@0A=><C O8G:C, 0 :0: =>GLN >154=O >B>945B, @073>255B5AL. 25@8. C A?0A81> B515. >;>1>:! 5@5409 ?>:;>= 54CH:5 8 01CH:5! 54CI89 1. @81560; >;>1>: 4><>9. 54 8 010. 45 BK 1K;, >;>1>:? K > B515 A8;L=> 15A?>:>8;8AL! >;>1>:. /, 54CH:0 8 01CH:0, 2 F5@:28 1K;, A2OB>9 2>4>9 >:@>?8;AO 8 20< :@0A=KE O8G5: ?@8=5A. C45B G5< =0 0AEC @073>25BLAO! !2OI5==8: >=AB0=B8= AB@>2A:89 >645AB25=A:0O 725740 59AB2CNI85 ;8F0 01CH:0. =C:. =CG:0. %>4 ?@074=8:0  70;5 AB>8B C:@0H5==0O 5;:0, =0 AB5=5 28A8B ?0==> %@8AB>A 2 OA;OE, =04 =8< - 7>;>B0O >645AB25=A:0O 725740. !?@020 >B 5;:8 -AB>;, =0:@KBK9 A:0B5@BLN, =0 AB>;5 - B@8 G0H:8 8 7020@=>9 G09=8:, ?>4A25G=8: A> A25G>9, 5;>20O 25B:0 2 207>G:5 8 H0@8: =0 =59. 0 AB>;>< A84OB 01CH:0, =C: 8 =CG:0, ?LNB G09 8 @073>20@820NB'. 01CH:0. >@>385 <>8! !53>4=O <K >B<5G05< A25B;K9 ?@074=8: >645AB20. :>;> 42CE BKAOG ;5B B><C =0704 2 3>@>45 8D;55<5 @>48;AO !?0A8B5;L <8@0 8ACA %@8AB>A. 224 !&    >340 O 1K;0 A>2A5< <0;5=L:>9 452>G:>9, 101CH:0 @0AA:070;0 <=5 > @>645=88 %@8AB0. 5 @0AA:07 O E>@>H> 70?><=8;0. 2CG8B B8E0O B>@65AB25==0O <C7K:0, 01CH:0 G8B05B AB8E>B2>@5=85. 01CH:0. ><=N O, :0: 2 45BAB25 2 ?5@2K9 @07 !;KH0;0 > >645AB25 @0AA:07. / 1K;0 272>;=>20=0 4> A;57 -54L @>48;AO <0;5=L:89 %@8AB>A 5 2 1>30B><, 8<5=8B>< 4><5  ;560; =5 2 ?KH=>9 :>;K15;8,  2 3;CE>9 ?5I5@5 =0 A>;><5, =35;K, =04 =8< A:;>=82H8AL, ?5;8... =C:.  :0: 720;8 0BL %@8AB0? 01CH:0. 5 720;8 520 0@8O. =CG:0. 01CH:0, @0AA:068 =0<, ?>60;C9AB0, > @>645=88 %@8AB0. 01CH:0. 'B> 6! !;CH09B5! 02=K<-402=> 8<?5@0B>@ 23CAB 70E>B5; C7=0BL, A:>;L:> ;N459 6825B 2 53> 3>AC40@AB25. = ?@8:070; :064><C 68B5;N O28BLAO 2 "3>@>4, >B:C40 B>B @>4><, 8 ?@>9B8 ?5@5?8AL. 520 0@8O 8 55 <C6 >A8D'>B?@028;8AL 2 3>@>4 8D;55<. >@>30 1K;0 4>;3>9 8 B@C4=>9. >A8D H5; ?5H:>< 8 25; 70 A>1>N >A;8:0, =0 :>B>@>< A845;0 520 0@8O. !C?@C38 ?@8H;8 2 8D;55< ?>74=8< 25G5@><. =8 %>B5;8 CAB@>8BLAO =0 =>G;53 2 3>AB8=8FC, => 8 3>AB8=8FK, 8 4><0 >:070;8AL ?5@5?>;=5==K<8, 254L 2 3>@>45 A>1@0;>AL >G5=L <=>3> =0@>40.  ;8HL >4=0 ?5I5@0 =0 :@0N 3>@>40, :C40 ?0ABCE8 703>=O;8 AB04> 2 =5?>3>4C, 40;0 8< ?@8NB. -B>9 =>GLN C 52K 0@88 @>48;AO !K= - 8ACA %@8AB>A. 0BL A?5;5=0;0 ;045=F0 8 ?>;>68;0 =0 A>;><C 2 OA;8. 5 1K;> C 55 4@C3>9 :>;K15;8 4;O 515=:0. =C:. 01CH:0, 0 :0: ;N48 C7=0;8 > @>645=88 %@8AB0? 01CH:0.  BC GC45A=CN =>GL 7063;0AL =0 =515A0E =>20O O@:0O 725740. =0 >AB0=>28;0AL =04 ?5I5@>9 8 2>725AB8;0 ;N4O< > @>645=88 %@8AB0. 5@2K<8 C2845;8 >645AB25=A:CN 72574C ?0ABCE8. >340 >=8 ?0A;8 >25F 2 4>;8=5 2>7;5 @5:8, 8< O28;AO A25B;K9, A8ONI89 0=35; 2 15;>A=56=KE >45640E. =35; @0AA:070; ?0ABCE0<, GB> 2 ?5I5@5 MB>9 =>GLN @>48;AO !?0A8B5;L <8@0 8ACA %@8AB>A. >645AB25=A:0O 725740 225 C4@5FK >AB>:0 - 2>;E2K - 7=0;8 87 4@52=8E :=83, GB> =0 75<;5 4>;65= @>48BLAO %@8AB>A. > 725745 >=8 =0H;8 : 5<C 4>@>3C 8 ?@8=5A;8 <;045=FC 40@K. =CG:0. 01CH:0! !:068, 0 ?>G5<C =0 >645AB2> 5;>G:C =0@O60NB? 01CH:0. >340 @>48;AO 8ACA %@8AB>A, >1@04>20;8AL 8 ;N48, 8 725@8, 8 ?B8FK, 8 @0AB5=8O.  B5E AB@0=0E, 345 AB>O;0 78<0, 45@52LO 7075;5=5;8 8 70F25;8.  5;>G:0 254L O 78<>9, 8 ;5B>< >AB05BAO 75;5=>9. >B >=0 8 703@CAB8;0, GB> =5G5< 59 ?>@04>20BL >65AB25==>3> ;045=F0. > A =515A C?0;0 O@:0O 72574>G:0, @0AAK?0;0AL =0 A25@:0NI85 >A:>;:8, 8 >=8 701;5AB5;8 C 5;>G:8 =0 25B2OE. ~ BG53> BK, 5;>G:0, 3@CAB=0? "K 78<>9 8 ;5B>< 75;5=0 ~ / 3@CIC, GB> =5BC C <5=O >1=>2K  <=5 =5 2 G5< 2AB@5B8BL >645AB2> %@8AB>2>. AO ?@8@>40 A;028B @>645=85 %@8AB0! - 4@C3 A =515A C?0;0 O@:0O 725740. A?KE=C;0, @0AAK?0;0AL =0 <5;:85 >A:>;:8,  >=8 A25@:=C;8 =0 25B2OE C 5;:8. 0A<5O;0AL 5;>G:0:  >B 8 O 3>B>20 AB@5B8BL A >6L8< <8@>< >645AB2> %@8AB>2>! 2CG8B <C7K:0. 0 5;:5 706830NBAO >3>=L:8. =C:. >A<>B@8B5, :0: @04C5BAO =0H0 5;>G:0 >645AB2C! 01CH:0. >@>385 45B8! >645AB2> - A25B;K9 8 @04>AB=K9 ?@074=8:. A5 ?>74@02;ONB 4@C3C 4@C30, 40@OB ?>40@:8, ?>NB ?5A=8, G8B0NB AB8E8. (01CH:0 >1@0I05BAO 2 70;.)  2K ?@83>B>28;8 ?>40@:8 : @>645AB25=A:><C ?@074=8:C? 5B8. @83>B>28;8! 5B8 40@OB 4@C3 4@C3C @>645AB25=A:85 >B:@KB:0 (?@83>B>2;5==K5 A2>8<8 @C:0<8), G8B0NB AB8E>B2>@5=8O. >645AB2> =>3> 1K;> 2 =515 72574 "5?;>9 =>GLN OA=>9. "8E> A?0; 8ACA %@8AB>A 0 A>;><5 2 OA;OE. !&    520 0BL, A:;>=OAL.=04 8<, 56=> =0?520;0, >GL <5@F0;0 7>;>BK< 2574=K< ?>:@K20;><. 5;8 0=35;K %@8ABC, !;028;8 @>645=L5.  <8@ ?@8=5A = :@0A>BC, 5@C 2> A?0A5=85! >645AB25=A:0O 725740 0ABCE8 ?0A;8 AB040 >7;5 3>@=>9 @5G:8,  =515A0E 7063;0AL 725740 >;>B>N A25G:>9. 70@8;0 2A5 2>:@C3 -!:;>=K 3>@, CA=C2H89 ;C3. !25B 55 A8O; 2> <3;5, 04>ABL ;N4O< =5A. 54L @>48;AO =0 75<;5 8ACA %@8AB>A! 'B>1K =0 %@8AB0 273;O=CBL, >:;>=8BLAO >3C, 0ABCE8 ?CAB8;8AL 2 ?CBL -  40;L=NN 4>@>3C, >4>H;8 >=8 : ?5I5@5, "8E> 2AB0;8 2>7;5 425@8,  40@ 0@88 ?@8=5A;8 54C, B@02 4CH8ABKE. CBL ?> 72574>G:5 =0H;8 -/@:>9, 7>;>B8AB>9. !8=8F0 -A5 B@>?8=:8 70<5;>, !=53 1;5AB8B, 8A:@8BAO, !BC:=C;0 2 <>5 >:=> ;N28:>< A8=8F0. 0 >:=> ?>25HC 59 / :CA>G5: A0;0, 'B>1 B5?;59 8 25A5;59 54=>9 ?B0E5 AB0;>. !25B ?@8H5; 2 <8@ 227 8<0 4C20=G8: 87 A=568=>: >4=5A5B : 3C10< 78<0, ">;L:> 4C=5B - 8 ?CH8=>: 07;5BOBAO A5<5=0. 4C20=G8: >1;5B05B,  >:=0E B5?;8BAO >3>=L, 8<=89 25G5@ ?>4AB02;O5B 5;K< 72574>G:0< ;04>=L. 5B8 2AB0NB 2 E>@>2>4 2>:@C3 5;:8 8 G8B0NB AB8E>B2>@5=85, A;>20 >645AB2>! >645AB2>! ?@>87=>AOB E>@><. >645AB2> ;L C:@0A8< <K 72574>9  38@;O=4>9 7>;>B>9. 54L A53>4=O B>@65AB2>  >645AB2>! >645AB2>! ;>G:8 :@0A82 =0@O4, 3>=L:8 =0 =59 3>@OB. 54L A53>4=O B>@65AB2> - >645AB2>! >645AB2>! C45< ?5BL 8 25A5;8BLAO, >7;5 5;>G:8 :@C68BLAO, 54L A53>4=O B>@65AB2> - >645AB2>! >645AB2>! 01CH:0. 0H CB@5==8: ?>4>H5; : :>=FC, => ?@074=8: =5 70:>=G8;AO. 5 701C4LB5 ?>74@028BL A2>8E 4@C759 8 @>4=KE. >65;09B5 8< A25B;>3> >645AB20! . (>@K38=0 !25B ?@8H5; 2 <8@ 59AB2CNI85 ;8F0 25740. (9 G5;>25:.) >;LH0O 725740. C4@5F. (3 G5;>25:0.) &0@L @>4. "L<0. 228 !&    %>4 ?@074=8:0 59AB2851 0 AF5=5 452OBL 452>G5: 2 :>ABN<0E 72574. 25740 1. !53>4=O >645AB25=A:0O =>GL! 25740 2, !53>4=O 2K945B 1>;LH0O >645AB25=A:0O 725740! 25740 3. 0: MB> >=0 2KE>48B? / MB>3> 5I5 =8 @07C =5 2845;0! 25740 4. 0! 7 =0A =8:B> 5I5 =5 2845;, :0: >=0 2KE>48B! 25740 5.  =5 2845;8, :0: >=0 2KE>48B, ?>B><C, GB> 1>;LH0O >645AB25=A:0O 725740 =0G8=05B A25B8BL @0=LH5 =0A. 25740 6.  ?>B>< ?>O2;O5<AO <K, <0;5=L:85 72574>G:8. 25740 7. 0: 1K <=5 E>B5;>AL C2845BL ?5@2CN >645AB25=A:CN 72574C, MB>, =025@=>5, B0: :@0A82> 8 B0: C4828B5;L=>! 25740 8. / 4C<0N, =0< A;54C5B A?@>A8BL 1>;LHCN >645AB25=A:CN 72574C. >6=> ;8 =0< C2845BL, :0: >=0 2KE>48B? C B0: GB>, 1C45< A?@0H820BL? 25740 9. 0! 0-40-40-40-40! 2574K (E>@><). C GB> 65, ?>945< : =59! 59AB285 2 >;LH0O 25740 =0 B@>=5. E>4OB 72574>G:8. :@C60NB 55. >;LH0O 25740. 0G5< 2K ?>60;>20;8, <8;K5 <0;5=L:85 72574>G:8? 25740 1. K, <0;5=L:85 72574>G:8, E>B5;8 1K 7=0BL, ?>G5<C 2K 2KE>48B5 ?5@2>9 2 MBC >645AB25=A:CN =>GL. 25740 2. 0AA:068B5 =0<, ?>60;C9AB0! 25740 3. 0< 2A5< MB> >G5=L 8=B5@5A=>! >;LH0O 25740. C GB> 6, A;CH09B5! (AB05B A B@>=0, >1@0I05BAO : 70;C.) -B> A;CG8;>AL 402=K<-402=>, 425 BKAOG8 ;5B =0704.  <8@ ?@8H5; !K= >689, @>48;AO ;045=F5<, '5;>25:><. 25740 9.  345 1K; ;045=5F, 0 345 = @>48;AO? >;LH0O 25740. = @>48;AO >B 52K 0@88, => @>48;AO = =5 2> 42>@F5, =5 2 1>30B>< 4><5. 0 2 E;52C.  ;560; >= =5 2 :@>20B:5, 0 2 A5=5, 2 OA;OE 4;O 682>B=KE. ">340 O 1K;0 5I5 <0;5=L:>9 72574>G:>9 (15@5B 70 @C:C A0<CN <0;5=L:CN 72574>G:C 8 ?>:07K205B =0 =55), 0=35;K !25B ?@8H5; 2 <8@ 229 A:070;8 <=5, GB> @>48;AO !K= >689 8 GB>1K O ?>:070;0AL B@5< 2>;E20< A >AB>:0 8 ?@825;0 8E : ;045=FC. 25740 4.  2>;E2>2 2K =0H;8? >;LH0O 25740. 0, O 8E =0H;0, MB> 1K;8 2>AB>G=K5 <C4@5FK. =8 <5=O C2845;8. E>4OB B@8 2>AB>G=KE <C4@5F0 8 > G5<-B> @073>20@820NB <564C A>1>9. C4@5F 1. / - <C4@5F 0;B0A0@, C2845; =>2CN 72574C! C4@5F 2, / - <C4@5F 0A?0@. !53>4=O =0 >AB>:5 70A8O;0 1>;LH0O :@0A820O =58725AB=0O 725740! C4@5F 3. / - <C4@5F 5;LE8>@. -B> 1K;> C4828B5;L=>5 7@5;8I5! C4@5FK (E>@><). -B> 725740 &0@O C459A:>3>! C4@5F 1. B?@028<AO 2 ?CBL : AB>;8F5 C459A:>3> F0@AB20 - 5@CA0;8<C! C4@5F 2. #7=05<, 345 @>48;AO C459A:89 &0@L! C4@5F 3. >:;>=8<AO &0@N C459A:><C! C4@5F 1. = - &0@L.  :0: &0@N O ?@8=5AC <C 7>;>B> 2 40@. C4@5F 2. =  >3, O ?@8=5AC <C ;040= 2 40@. C4@5F 3. = - '5;>25:, O ?@8=5AC <C A<8@=C, :0: 2AO:><C G5;>25:C, :>B>@K9 4>;65= C<5@5BL. C4@5FK CE>4OB. >;LHCN 2574C A=>20 >:@C60NB 72574>G:0. 25740 1. =8 =0?@028;8AL 2 5@CA0;8<, GB>1K C7=0BL, 345 @>48;AO %@8AB>A? >;LH0O 25740. 0, ?> 2>;5 >6859 O ?>:07K20;0 8< ?CBL. ''KE>4OB <C4@5FK 8 A?@0H820NB C 70;0.. C4@5F 1. 45 @>482H89AO &0@L C459A:89? C4@5F 2. K 2845;8 72574C 3> =0 >AB>:5! C4@5F 3. K ?@8H;8 ?>:;>=8BLAO <C! 1E>4OB :@C3>< AF5=C 8 C40;ONBAO. 59AB285 3 0 B@>=5 A848B F0@L @>4. &0@L @>4. >O28;8AL A;CE8 > @>645=88 =>2>3> &0@O C459A:>3>. / - F0@L @>4 8 =5 E>GC, GB>1K = 702;045; <>8< 230 !&    B@>=><. / :07=N 2AO:>3>, :B> ?>?KB05BAO MB> A45;0BL, 8 =5 ?>60;5N 4065 A>1AB25==KE 45B59! ?>;705B "L<0 8 ?>4E>48B : @>4C. "L<0. / - "L<0. 25740 =5A5B ;N4O< 25ABL, GB> @>48;AO !25B <8@C, O 4>;6=0 ?>3C18BL !25B, 8=0G5 O ?>381=C.  B515 =C65= ;045=5F, <K =0945< 3>! "2>8 :=86=8:8 CB25@640NB, GB> = @>48;AO 2 8D;55<5...  72574C 2845;8 B>;L:> 2>;E2K. &0@L @>4. >720BL AN40 2>;E2>2! E>4OB <C4@5FK. &0@L @>4. !;KH0; O > B><, GB> 2K 2845;8 72574C, 2>725AB82HCN > @>645=88 &0@O C459A:>3>? C4@5FK. 0. (;0=ONBAO.) &0@L @>4. 48B5 70 72574>9, BI0B5;L=> @0725409B5 > ;045=F5 8, :>340 =0945B5, 8725AB8B5 <5=O, GB>1K 8 <=5 ?>9B8 ?>:;>=8BLAO <C. C4@5FK, :;0=OOAL, CE>4OB. "L<0. / 84C 70 =8<8. (#E>48B.) &0@L @>4. / 704C<0; C18BL ;045=F0. (0<>;:05B, 704C<02H8AL.) 59AB2854 E>48B >;LH0O 25740 A> 72574>G:0<8. >;LH0O 25740. >B B0: 2A5 8 1K;>! > 7;><C @>4C =5 C40;>AL ?>3C18BL ;045=F0, 0 "L<5 =5 C40;>AL >1JOBL !25B. K; !25B 8AB8==K9, >B>@K9 ?@>A25I05B 2AO:>3> G5;>25:0, ?@8E>4OI53> 2 <8@. . 5@525@70 @>A;02;O5B 2AO 75<;O >645AB2> %@8AB>2> 59AB2CNI85 ;8F0 0ABCE. >;:. 25740. 0@0H5: 1. @>A;02;O5B 2AO 75<;O >645AB2> %@8AB>2> 231 25G:0 1. 0@0H5: 2. 25G:0 2. !B0@H89 10@0H5:. 0:>9-B> 10@0H5:. @>?02H0O >25G:0. 25G:8, 10@0H:8. %>4 ?@074=8:0 %;52 A 10@0H:0<8 8 >25G:0<8- (25G5: 8 10@0H:>2 <>65B 1KBL ;N1>5 :>;8G5AB2>.) 25G:8 8 10@0H:8 =0@O60NB 5;:C, ?>NB :>;O4:C (8;8 @0AA:07K20NB), ?@K30NB, 1530NB. 0@0H5: 1. >A?>4L =0@>48;AO =5 2> :=O6L5< 4><5, 2> E;52C 2>;>2L5<, 2 OA;OE =0 A>;><5. 25G:0 1. >A?>4L =0@>48;AO =5 2 1>30B>9 E0B5, 8ACA <C 8<O, 0 520 0@8O ~ 0B8. 0@0H5: 2. "@8 F0@O A 40@0<8 : 5<C ?@8E>48;8, ;040=, <8@>, 7;0B> <C ?>4=>A8;8. 25G:0 2. 0ABCE8 >25GL8 B>65 ?@81530;8, .&0@5<->AC40@5< 3> 25;8G0;8. !B0@H89 10@0H5:. !:>@> >645AB2>! !:>@> ?@845B ?0ABCE A ?>40@:0<8! 25G:8 (2<5AB5). KAB@55, 1KAB@55 =0@O605< 5;:C! 5;0NB 2A5 70<5B=> 1KAB@55, AC5BOBAO, 1530NB, B>;:0NBAO.  MB> 2@5<O >;: 2;5705B 2 >:=>, E20B05B >4=C 25G:C, 7018@05B C =55 :>ABN< >25G:8 8 =045205B 53> =0 A51O, 0 25G:5 70:@K205B @>B @C:>9. >;:. / 1C4C ?>@B8BL 20< ?@074=8:, 0 BK A<>B@8 =5 ?@>3>2>@8AL, 0 B> AJ5<! (01@0AK205BAO =0 =55 8 ?>:07K205B, GB> E>G5B AJ5ABL 55.) @>?02H0O >25G:0 (2 AB>@>=C). 04> 1KAB@55 1560BL : ?0ABCEC, ?@54C?@548BL 53>! (#15305B A> AF5=K.) !B0@H89 10@0H5: (>1@0I05BAO : ?5@5>45B><C >;:C). 45 BK 1K;0? 04> 45;0BL 2A5 1KAB@55, 0 BK C1560;0 :C40-B>. >;: (=5 A2>8< 3>;>A><). / E>B5;0 ?>A<>B@5BL, =5B ;8 2>;:0! . 0:>9-B> 10@0H5:. %20B8B @073>20@820BL! 0:>9-B> 10@0H5: ?>42>48B 8E : 5;:5. A5 10@0H:8 O >25G:8 ?@>AOB ?5@5>45B>3> >;:0 =045BL <0:CH:C =0 5;:C. 0@0H5: 1. 045=L, ?>60;C9AB0, <0:CH:C =0 5;:C! 232  "  '+% !&  25G:0 1. "K A0<0O 2KA>:0O! 0@0H5: 2. K =5 4>AB0=5<! >;: 2KBO38205BAO, 8 C =53> 24@C3 @25BAO H:C@:0 >25G:=. >;:. 30, ?>?0;8AL, 2K >B <5=O =5 C945B5! @>A05BAO =0 10@0H:>2 8 >25G5:, >=8 @071530NBAO :B> :C40. "CB A;KH8BAO ABC:, 8 2 425@L 2E>48B 0ABCE. 0ABCE. >;: 2 >25GL59 H:C@5! A5 >25G:8 8 10@0H:8 1@>A0NBAO : 0ABCEC 8 2AB0NB C =53> 70 A?8=>9, >1@07CO AB04>. 0ABCE. 5 1>9AO, <0;>5 AB04>! B> =5 G5@57 425@L 2E>48B 2> 42>@ >2G89, 0 2;5705B 8=K< ?CB5<, B>B 2>@ 8 @071>9=8:; 0 2E>4OI89 425@LN 5ABL ?0ABK@L >2F0<... 0ABCE ?@>3>=O5B >;:0. >;:, 70A:C;82H8, C15305B. 0ABCE =0G8=05B ?5@5AG8BK20BL >25F, 8 =5 4>AG8BK205BAO @>?02H59 >25G:8. 0ABCE. 4=>9 =5 E20B05B! K >AB0209B5AL 745AL, =8:C40 =5 CE>48B5, ?>94C 8A:0BL <>N 701;C4HCN >25G:C, 81> :0:>9 ?0ABCE, 8<5O AB> >25F 8 ?>B5@O2 >4=C 87 =8E, =5 >AB028B 452O=>AB> 452OB8 2 ?CABK=5 8 =5 ?>945B 70 ?@>?02H5N, ?>:0 =5 =0945B 55? 0ABCE CE>48B. 25G:8 8 10@0H:8 B8E> A84OB >:>;> 5;:8. >72@0I05BAO 0ABCE, @O4>< A =8< @>?02H0O 25G:0. 0ABCE A<>B@8B 2 70;, 2 :>=F5 70;0 ?>O2;O5BAO 25740. 0ABCE. >AA8O;> !>;=KH:> 2> OA;OE =0 A5=5  =0@>48;AO >689 !K= <8@C 2> A?0A5=L5. >GLN ABC45=>9 7O1=5B @>645==K9 &0@L &0@59 2A5O A5;5==>9. !B0@H89 10@0H5:. !;028B 4C1@020 >30 82>3>, >645AB2> %@8AB>2>. 0@0H5: 1. ;K5 4CE8 60;>1=> ?;0GCBAO 2 ?CABK=5. 25G:0 1. '5;>25:8 =0 75<;5 @04CNBAO =K=5. 0@0H5: 2. &0@L 2>F0@8;AO. 25G:0 2. >3 =0@>48;AO. 0@0H5: 3. > A?0A5=L5 =0< O28;AO! @>?02H0O >25G:0. "K, 0@8O 520, @04>AB8 ?@8G8=0, ?>?@>A8 C >A?>40, 2K<>;8 C !K=0 2 687=8 ?>4<>3C, 2 @09 =0< 4>@>3C! A5 (E>@><). C45< ?5BL <K: !;020 >3C! . 5@525@70 233 >3>871@0==0O B@>:>28F0 >3>871@0==0O B@>:>28F0 59AB2CNI85 ;8F0 ==0. >0:8<, =35;. 54CI0O (CG8B5;L=8F0). =O, 5=8A. 5=0. %>4 ?@074=8:0 8;8I5 ?@0254=KE >0:8<0 8 ==K. 54CI0O. # ?@0254=KE >0:8<0 8 ==K =5 1K;> 45B59. =8 <>;8;8AL >A?>4C >3C > 40@>20=88 8< @515=:0. ==0. '5< "51O, >A?>4L, O ?@>3=528;0, 'B> =5 40; <=5 <0;>5 48BO? 065BAO ?5G0;L=>9 8 C=K;>9 87=L >4=>>1@07=0O <>O. / ?CABCN :>;K15;L :0G0N, 56=> :>;K15;L=CN ?>N  / 3;070 70:@>N 8 <5GB0N, C4B> 286C 4>G5=L:C <>N.  3=574KH:0E ?B5=F>2 2K2>4OB ?B8FK  I515GCB 25A5;> 2 3;CH8,  ;>3>25 2>;G8FK 8 ;8A8FK >48;8AL 25A=>N <0;KH8. C3 @>A8ABK9, A25689 C:@0H05B /@:89 @0A?CAB82H89AO F25B>: - BG53> <>9 4>< =5 >3;0H05B 57701>B=K9 45BA:89 3>;>A>:? K1K 2 <>@5, ?B8FK 2 ?>4=515AL5. 25@8 2 G0I0E - A;02OB 2A5 "51O! 11 B> <>;8B2>9 B8E>N, :B> ?5A=59... >A?>48! >H;8 8 <=5 48BO! ,  68;8I5 2E>48B AB0@K9 >0:8<. = ?5G0;5=. !048BAO =0 A:0<LN, >1E20BK205B 3>;>2C @C:0<8. 284 !&    >0:8<. 5G0;5= O! 0 3>;>2C A54CN =5 AK?;NBAO =0A<5H:8 8 EC;0 -184=K5 8 3>@L:85 A;>20... 0G5< ?@>E>48B 687=L <>O 2?CABCN? >B><AB2>< =5 C:@0A8; O =0@>4, 5 C25=G0; O A;02>N A2>9 @>4!  ?>B><C O C40;NAL 2 ?CABK=N,  <>;8B2C AB@0AB=CN O ?>3@C6CAL >B=K=5 ->A?>4L! A5< A5@4F5< O ?@>HC "51O, #A;KHL <>;L1C! >H;8 8 =0< 48BO! >0:8< C40;O5BAO. ==0 AB>8B =0 :>;5=OE 8 <>;8BAO. 2CG8B <C7K:0, 8 ?>O2;O5BAO =35; 2 15;KE >45640E, A 75;5=>9 25B2LN 2 @C:0E. = :0A05BAO 25B2LN 3>;>2K ==K. =35;. A52KH=89 : 20H8< A=87>H5; <>;L10<, 8BO GC45A=>5 >A?>4L 40@C5B 20<1 2CG8B B>@65AB25==>5 ?5A=>?5=85. 54CI0O. # ?@0254=KE >0:8<0 8 ==K @>48;0AL >GL, >B>@CN @>48B5;8 =0@5:;8 0@859 8 40;8 A2OI5==K9 >15B ?>A2OB8BL 5 >A?>4C >3C. 2CG8B =56=0O, B8E0O <C7K:0. ==0 :0G05B :>;K15;L 8 =53@><:> =0?5205B :>;K15;L=CN ?5A=N. ==0. >GL ?> =51C ?@>?;K20;0 -"8H8=0 :@C3><. >GL, >B:8=C2 ?>:@K20;>, 03;O=C;0 2 4><. A5 402=> CA=C;8 A;04:>, 5 A?0;0 ;8HL >GL,  59 ?@8A5;0 C :@>20B:8  AB0@>< :@5A;5 =>GL. 0:;>=OAL : 515=:C =56=>, ;048;0 @C:>9: - !?8 A?>:>9=>, 157<OB56=>, O4>< 0=35; "2>9. = "51O 4>1@>< >255B, !>= "2>9 A15@565B, 2574K C "2>59 ?>AB5;8 >4OB E>@>2>4. 235 =35; :@>B:> <>;8B >30  4CH5 "2>59, >701C4L !2>8 B@52>38, 0AK?09 A:>@59. >GL B8E>=L:> =0?520;0, 0<5@ A?OI89 4><,  <5@F0;> ?>:@K20;> C==K< A5@51@><. 54CI0O. >340 525 0@88 8A?>;=8;>AL B@8 3>40, @>48B5;8 ?>25;8 5 2 E@0<. 5=8A G8B05B AB8E>B2>@5=85 2 2545=85 >3>@>48FK 2> E@0<. 52CH:8 2 15;KE >45640E 5ACB 70665==K5 A25G8 ! 25@>9, ;N1>2LN, =04564>9  B515, ;04K:> @5425G=K9. "CG:8 ;53;8 7>;>BK5 0 =51>A2>4 3>;C1>9. 5B8, 4@C7LO 8 @>4=K5 @074=8G=>9 ;LNBAO B>;?>9. =35;K, @5O =57@8<>, !;04>AB=K< E>@>< ?>NB, ==0 A >0:8<><  E@0<C 0@8N 254CB. 54CI0O. @CB0O ;5AB=8F0 87 ?OB=04F0B8 H8@>:8E ABC?5=59 25;0 : E@0<C. >0:8< ?>AB028; 4>GL =0 ?5@2CN ABC?5=L, 8 <0;5=L:0O 452>G:0 ;53:> 27>H;0 ?> =59 !0<0, A;>2=> =52848<0O A8;0 ?><>30;0 9. =O. -B> >A?>4=OO A8;0 52>G:C ?>4E20B8;0  =04 75<;59 ?>4=O;0, !;>2=> 420 15;KE :@K;0. 5=0. C4B> ?> >1;0:0<, ABC?8;0 0@8O 2 E@0<! 5=8A. 5@F0;8 70665==K5 A25G8... 5@2>A2OI5==8: 0E0@8O KH5; 525 =02AB@5GC, = 225; 0@8N 2> E@0<, >425; 55 : &0@A:8< 2@0B0<, B:@K; ?5@54 52>9 G5@B>3, 236 !&    45 ?@51K205B >3: - "K 2E>48HL 2 >A?>4=89 4><  >25:8 ?@51C45HL 2 =5<! 54CI0O. 520 0@8O ?@>68;0 2 E@0<5 12 ;5B. =0 >B;8G0;0AL =5>1K:=>25==K< C<><, :@>B>ABLN 8 A<8@5=85<. N18;0 G8B0BL !2OI5==>5 8A0=85, ?>4>;3C <>;8;0AL, 8A:CA=> 70=8<0;0AL @C:>45;85<. 2CG8B @56=0O, =53@><:0O <C7K:0. =O G8B05B AB8E>B2>@5=85 B@>G5AB2> >3>@>48FK*.  >3>@>48F0! ' !25B;> "2>5 >B@>G5AB2>! !5@45G=0O <>;8B20, >48=>G5AB2>,  GB5=85 !2OI5==>3> 8A0=8O,  >6840=85 25;8:>9 >6L59 B09=K, >B>@0O 4>;6=0 "515 >B:@KBLAO.  @5A2OB0O 520, 3>;C18F0! CI0 "2>O 8A?>;=5=0 A<8@5=L5<, N1>2LN : >3C, B8E8< C<8;5=L5<,  =59 F5;><C4@85 6825B 8 :@0A>B0,  15;>A=56=KE ;8;89 G8AB>B0! 54CI0O. >340 0@8O 4>AB83;0 A>25@H5==>3> 2>7@0AB0, A2OI5==8:8 @5H8;8 ?>4KA:0BL 4>AB>9=>3> AB0@F0, :>B>@><C =0 <>3;0 1K 1KBL 225@5=0 4;O A>E@0=5=8O =5?>@>G=>3> 452AB20, !2OI5==8:8 A>1@0;8 1571@0G=KE <C659 87 @>40 0284>20 2 5@CA0;8<A:89 E@0< 8 ?> A>25BC 0=35;0 ?>25;5;8 8< ?>;>68BL A2>8 657;K =0 0;B0@L, 0 A0<8 ?>3@C78;8AL 2 <>;8B2C. 5=8A. #B@5==55 A>;=F5 !:2>7L C7:>5 >:>=F5 #?0;> =0 0;B0@L.  2A?KE=C;, :0: O=B0@L, >A8D0 657;, 0A8O;, A;>2=> ?5@;, 09A:8< F25B:><.  A845;0 =0 =5< @>B:0O ?B8F0 -5;0O 3>;C18F0, 54CI0O. 520 0@8O 1K;0 >1@CG5=0 A ?@0254=K< AB0@F5< >A8D><. =0 68;0 2 53> 4><5, A;>2=> 2 E@0<5: <>;8;0AL, >3>871@0==0O B@>:>28F0 237 70=8<0;0AL @C:>45;85<, 87 H5@AB8 8 ;L=0 ?@O;0 B>=:85 =8B8, 2KH820;0 H5;:0<8, B:0;0 >4564K. =0 ?@>68;0 2 4><5 >A8D0 G5BK@5 <5AOF0', 8 >4=064K @E0=35; 02@88; - >689 ?>A;0==8: - ?@8=5A 59 1;03CN 25ABL. - 0725=5;8 3>@ ?>;>38E A:;>=K, 0A:@K;8AL ;8;88, BN;L?0=K, 0=5<>=K. 5A5==89 H0;>2;82K9 25B5@>: 0G0; 1;03>CE0NI89 F25B>:. =0:><>N B5=8AB>N B@>?>9 0@8O H;0 : :>;>4FC 70 2>4>9. 4@C3 A25B =515A=K9 A:;>= 3>@K 70;8;, @54AB0; ?@54 59 @E0=35; 02@88;: 0@88 25ABL 1;03CN >= ?@8=5A! ;070 ?>BC?82. 520 70<5@;0  A;CH0;0 @E0=35;0 A;>20: - #B5HLAO, 520, 2 A25B;K9 G0A A2OB>9! >7@04C9AO! 54L !0< >A?>4L A ">1>9! >A?>4=89 CE A>945B A =515A =57@8<>,  "K @>48HL !?0A8B5;O 8 !K=0, !<5@BL ?>1548B = 8 @07255B BL<C! -- 0 1C45B <=5 ?> A;>2C B2>5<C!  <C A<8@5==> 520 >B25G0;0. ;030O 25ABL - A?0A5=8O =0G0;>! 2CG8B B>@65AB25==0O <C7K:0. 54CI0O. @074=8: ;03>25I5=8O - =0G0;> =0H53> A?0A5=8O 4;O 687=8 25G=>9. = @>6405B 2 4CH5 G5;>25:0 =04564C 8 A>2?0405B A 25A5==8< ?@>1C645=85< ?@8@>4K, A =0G0;>< ?>154K 687=8 =04 A<5@BLN. 54CI0O G8B05B AB8E>B2>@5=85 ;03>25I5=85. ! :@KH8 ;L5BAO A25B;0O :0?5;L, ;5A:>< A>;=F0 A04 >1@K730= 25AL, 5 A;CG09=> 871@0= 1K; 0?@5;L, 'B>1K ?@8=5AB8 1;03CN 25ABL! AO ?@8@>40 MBC 25ABL 640;0, 0640; <8@ ;N128 8 2>7@>645=LO,  ?>B>:8 A25B0 8 B5?;0 87=L 75<=CN ?@825;8 2 42865=L5. 238 !&    5H=89 2>74CE =04 75<;59 F0@8;, 5;5=5;8 B>=:> ;C3>28=K  5ABL ?@8=5A @E0=35; 02@88;  @>645=88 !?0A8B5;O 8 !K=0! , 54CI0O.  MB>B 25A5==89 45=L =0 CA8 1K;> ?@8=OB> >A2>1>640BL ?B8F, 2K?CA:0O 8E 87 :;5B>: =0 2>;N. -B> A8<2>; B>3>, GB> 2A5 682>5 >A2>1>6405BAO >B 3@5E0. 5B8 ?> >G5@548 G8B0NB AB8E>B2>@5=8O. 5=8A. B8FK, <0;5=L:85 ?B8FK! @CAB=> 68BL 20< 2 B5A=>9 :;5B:5, !;>2=> C7=8:0< 2 B5<=8F5. =O.  MB> CB@> 7>;>B>5 04>ABL ;L5BAO A =51>A2>40 25@FC :;5B:8 O >B:@>N -B?CIC 20A =0 A2>1>4C! 5=0. #;5B09B5 2 ;5A 8 2 ?>;5, 59B5AL 2 A8=5< ?>4=515AL5, @>A;02;O9B5 >6LN 2>;N. 04>AB=>N 72>=:>9 ?5A=59. 5=8A.  HC<=K9 3>@>4 8 2 3;CECN B40;5==CN >18B5;L K =5A8B5 25ABL 1;03CN, "C, GB> 2 <8@ ?@8H5; !?0A8B5;L! 2CG8B <C7K:0. 0 AF5=C 2K1530NB 45B8, >45BK5 2 :>ABN<K ?B8F. =8 :@C60BAO, B0=FCNB ?>4 <C7K:C, ?>NB. 2CG8B B>@65AB25==0O <C7K:0. 54CI0O. # 52K 0@88 @>48;AO !K=, >B>@>3> =0@5:;8 8ACA><. >48;AO 8ACA 2 3>@>45 8D;55<5. 0@8O A <C65< >B?@028;8AL 2 8D;55<, ?>B><C GB> 8<?5@0B>@ 23CAB ?@8:070; :064><C 68B5;N O28BLAO 2 B>B 3>@>4, >B:C40 >= @>4><, 8 ?@>9B8 ?5@5?8AL. >@>30 1K;0 4;8==>9 8 B@C4=>9. >A8D H5; ?5H:>< 8 25; 70 A>1>9 >A;8:0, =0 :>B>@>< A845;0 520 0@8O. !C?@C38 ?@8H;8 2 8D;55< ?>74=8< 25G5@><. =8 E>B5;8 CAB@>8BLAO =0 =>G;53 2 3>AB8=8FC, => 3>AB8=8FK 8 4><0 >:070;8AL ?5@5?>;=5==K<8, B0: :0: 2 3>@>45 A>1@0;>AL >G5=L <=>3> =0@>4C. >3>871@0==0O B@>:>28F0 239  ;874L >4=0 ?5I5@0 =0 :@0N 3>@>40, :C40 ?0ABCE8 703>=O;8 A:>B 2 =5?>3>4C, 40;0 8< ?@8NB. -B>9 =>GLN C 52K 0@88 @>48;AO !K= - 8ACA %@8AB>A. 0BL A?5;5=0;0 ;045=F0 8 ?>;>68;0 =0 A>;><C 2 OA;8. =O G8B05B AB8E>B2>@5=85 >645AB2>. =>3> 1K;> 2 =515 72574 "5?;>9 =>GLN OA=>9. ."8E> A?0; 8ACA %@8AB>A 0 A>;><5 2 OA;OE. 520 0BL, A:;>=OAL =04 8<, 56=> =0?520;0, >GL <5@F0;0 7>;>BK< 2574=K< ?>:@K20;><. 5;8 0=35;K %@8ABC, !;028;8 @>645=L5,  <8@ ?@8=5A = :@0A>BC, 5@C 2> A?0A5=L5! 2CG8B <C7K:0. 54CI0O.  =>G=KE =515A0E =04 ?5I5@>9, 345 @>48;AO >65AB25==K9 ;045=5F, 7063;0AL =>20O O@:0O 725740. =0 2>725AB8;0 <8@C > @>645=88 !?0A8B5;O. > MB>9 725745 =0H;8 ?CBL : ?5I5@5 <C4@5FK >AB>:0 -2>;E2K. =8 ?@8=5A;8 2 40@ ;045=FC A2>8 40@K -.7>;>B>, ;040= 8 <8@>.  ?0ABCE0<, GB> ?0A;8 AB040 =540;5:> >B ?5I5@K, O28;AO A8ONI89 0=35; 2 15;>A=56=KE >45640E 8 @0AA:070; > @>645=88 8AB8==>3> >30 - 8ACA0 %@8AB0. 5B8 G8B0NB AB8E>B2>@5=85 2 >645AB25=A:0O 725740. 5=8A. 0ABCE8 ?0A;8 AB040 >7;5 3>@=>9 @5G:8,  =515A0E 7063;0AL 725740 >;>B>N A25G:>9. 5=0. 70@8;0 2A5 2>:@C3 - !:;>=K 3>@, CA=C2H89 ;C3. !25B 55 A8O; 2> <3;5, 04>ABL ;N4O< =5A. 54L @>48;AO ?0 75<;5 8ACA %@8AB>A! 240 !&    =O. 'B>1K =0 %@8AB0 273;O=CBL, >:;>=8BLAO >3C, . 0ABCE8 ?CAB8;8AL 2 ?CBL, '  40;L=NN 4>@>3C. >4>H;8 >=8 : ?5I5@5, "8E> 2AB0;8 2>7;5 425@8,  40@ 0@88 ?@8=5A;8 54C, B@02 4CH8ABKE. CBL ?> 72574>G:5 =0H;8 -/@:>9, 7>;>B8AB>9. 54CI0O. AN 75<=CN 687=L 8ACA0 %@8AB0 3> 0BL 1K;0 @O4>< A 8<, 8 ?5@2>5 GC4> !K= A>25@H8; ?> ?@>AL15 0B5@8 - ?@52@0B8; 2>4C 2 28=> =0 A204L15 2 <0;5=L:>< 3>@>4:5 0=0. >340 8ACA %@8AB>A ?@>?>254>20;. >3><0B5@L A;54>20;0 70 8< 2<5AB5 A 3> CG5=8:0<8. 0: 3;C1>:> AB@040;> <0B5@8=A:>5 A5@4F5, :>340 >3>@>48F0 2845;0 :@5AB=K5 <C:8 @0A?OB>3> !K=0, <CG5=8O, :>B>@K5 = ?@8=O; 2> 8A:C?;5=85 3@5E>2 G5;>25G5A:8E! 2CG8B A:>@1=0O <C7K:0. 48= 87 45B59 G8B05B AB8E>B2>@5=85. # ?>4=>68O @5AB0 >3>@>48F0 <>;8;0: - >A?>48! >H;8 =5 A8;K C:8 2K45@60BL %@8AB0! 65B =5 A5@4F5, :0: >3>=L, !:>@1L 3>@G09H0O 8 60;>ABL, CGH5 1K 2 >N ;04>=L >;L 65AB>:0O 2>=70;0AL! 5@:=5B A25B 2 3;070E 4=52=>9: 845BL =5 =52K=>A8<> @5AB=K5 AB@040=LO !K=0 - CGH5 C<5@5BL !0<>9! A5 65 25@N /, >A?>4L! !K=C "K ?>H;5HL A?0A5=L5 -!<5@BL AC<55HL ?>1>@>BL  40@C5HL >A:@5A5=L5! 54CI0O. >340 8ACA %@8AB>A C<5@ =0 @5AB5, B09=K5 3> CG5=8:8 8:>48< 8 >A8D A=O;8 53> A @5AB0, 0 65=K-<8@>=>A8FK C<0A;8;8 3> B5;> 1;03>2>=8O<8, 7025@=C;8 2 ?>3@510;L=K5 ?5;5=K 8 ?>;>68;8 2 3@>1. >3>871@0==0O B@>:>28F0 241 0 B@5B89 45=L, :>340 >=8 ?@8H;8 : 3@>1C >A?>4=N, B> =5 C2845;8 B5;0 %@8AB0 2 3@>15. @E0=35; 02@88; 2>725AB8; 8< > >A:@5A5=88 8ACA0 %@8AB0. =O 8 5=0 G8B0NB AB8E>B2>@5=85 %@8AB>A 2>A:@5A!. =O. %@8AB>A 2>A:@5A! %@8AB>A 2>A:@5A!  1;8AB0NI8E >45640E . 8ACA %@8AB>A 3;O48B A =515A  40@8B =0< =04564C. 5=0.  25@C 2 B>, GB> A<5@B8 =5B! !25@H8BAO 2>A:@5A5=L5, >65AB25==K9 ?@>;L5BAO A25B, 0@CO =0< A?0A5=L5! 5B8 (E>@><). %@8AB>A 2>A:@5A! %@8AB>A 2>A:@5A! 2CG8B B>@65AB25==>5 ?5A=>?5=85. 54CI0O. @5A2OB0O >3>@>48F0 ?@>68;0 4>;3CN 687=L 2 4><5 !2>53> ?@85<=>3> AK=0 - 0?>AB>;0 >0==0 >3>A;>20.  ?@5:;>==K5 3>4K =0 ;N18;0 <>;8BLAO 2 5DA8<0=A:>< A04C A@548 75;5=KE 45@52L52, F25B>2 8 B@02. 4=064K 9 A=>20 O28;AO @E0=35; 02@88; 8 ?@8=5A 25ABL, GB> G5@57 B@8 4=O >3><0B5@L 645B A2OB>5 #A?5=85. 2CG8B <C7K:0. 5B8 G8B0NB ?> >G5@548 AB8E>B2>@5=85 * 5DA8-<0=A:>< A04C. =O. @><0B>< @>7 F25BCI8E 5DA8<0=A:89 ?>;>= A04,  15AA<5@B88 3@O4CI5< '"8E> ;02@K H5;5ABOB. 5=8A. 0 B@>?C ;>60BAO B5=8, "09=>9 255B B8H8=0, 520, ?@5:;>=82 :>;5=8, >;8BAO 2 A04C >4=0. =O. !>:@>25==K5 <3=>25=LO (C< =0@CH8; ;53:8E :@K;. ! 25ABLN > A2OB>< #A?5=L5 9 O28;AO 02@88;. 5=8A. 5B:C A @09A:8<8 F25B0<8 . >3>@>48F5 ?@8=5A; 242 !&    - !:>@>, 520, 1C45HL A =0<8! 45B 2 @0N "51O %@8AB>A. 2CG8B <C7K:0 25 0@8O. 54CI0O. >3>@>48F0 A 25;8:>9 @04>ABLN AB0;0 3>B>28BLAO : #A?5=8N, 254L 9 ?@54AB>O;0 2AB@5G0 =0 =515A0E A ;N18<K< !K=>< - 8ACA>< %@8AB><. @>H;> B@8 4=O. >3>@>48F0 ?@83>B>28;0AL : A<5@B8, 2>:@C3 55 A>1@0;8AL @>4=K5, 4@C7LO, CG5=8:8 %@8AB0 - 0?>AB>;K.| 5B8 G8B0NB AB8E>B2>@5=85 #A?5=85 >3>@>48FK. =O. ?>AB>;K, @>4=K5 8 4@C7LO @8H;8, GB>1 A >3>@>48F59 ?@>AB8BLAO. 5G0;L=K 1K;8 8E 3;070 8 ;8F0, =8 <>;G0;8, 3>@5ABL 70B0O. 5=8A. 4@C3 AB0;0 :><=0B0 ?@>AB>@=>9,.:0: G5@B>3, 0?>;=8;0AL 1;03>CE0=L5< @>7, '0E;K=C; A25B0 7>;>B>9 ?>B>:,  2 :><=0BC 2>H5; 8ACA %@8AB>A! 5=0, 0BL ?>A<>B@5;0 @04>AB=> =0 !K=0, ;070 70:@K;0, ?>3@C782H8AL 2 A>=, !2OBCN 4CHC ?@8=O; = =57@8<>,  2 =515A0 ?>4=O;AO A =5N =. 2CG8B B>@65AB25==>5 ?5A=>?5=85. 54CI0O. >3>@>48FC ?>E>@>=8;8 2 A5<59=>9 3@>1=8F5, 345 ?>:>8;8AL >0:8<, ==0 8 >A8D. @>H;> =5A:>;L:> 4=59, 8 2 5@CA0;8< ?@85E0; 0?>AB>; $><0. = >G5=L 3>@520;, GB> =5 ?@>AB8;AO A >6859 0B5@LN. ">340 0?>AB>;K ?>H;8 :> 3@>1C 8 >B20;8;8 :0<5=L. >3>@>48FK 2 3@>1C =5 1K;>, ;560;8 ;8HL ?>3@510;L=K5 ?5;5=K -B:0=L, 2 :>B>@CN 7025@=C;8 5 B5;>.  25G5@><, :>340 0?>AB>;K 2AB0;8 =0 <>;8B2C, ?@>AO >30 >B:@KBL 8< MBC B09=C, O28;0AL !0<0 &0@8F0 515A=0O, A8ONI0O 8 ?@5:@0A=0O, >:@C65==0O 0=35;0<8, 8 A:070;0: 04C9B5AL, / A 20<8 2> 2A5 4=8! ! B5E ?>@ <K, AB>O ?5@54 8:>=0<8, <>;8<AO =0H59 0ABC?=8F5 - @5A2OB>9 >3>@>48F5. 5B8 G8B0NB AB8E8, ?>A2OI5==K5 @5A2OB>9 >3>@>48F5. >3>871@0==0O B@>:>28F0 243 =O. @5A2OB0O, @5G8AB0O 520! 5 3>=8 <5=O, 3@5H=CN, ?@>GL, 0I8B8 >B >A?>4=53> 3=520 5?CB52CN, A;01CN 4>GL! @>A8 <>N 4CHC A;57>N, !>:@CH5==>5 A5@4F5 CB5HL, 0725@=8 2 =515A0E =04> <=>N 5;>A=56=K5 :@K;LO =04564.  =5 409 <=5 2 3>@4K=5 ?>3@O7=CBL, A:CH5=8O 15A>2 >B@8=L, AF5;8 <=5 =57@8<K5 O72K, 5 >AB02L <5=O. 520! <8=L! 5=8A. 5@54 A2OB>9 8:>=>9 !B>;L:> <>;8;>AL ;N459! ;0;8 75<=K5 ?>:;>=K 'B>-B> H5?B0;8 59, @>A8;8 55 A =04564>9: - !?0A8, A>E@0=8, =0CG8.  ;8: 5 :@>B:89 8 =56=K9 N128 >70@O;8 ;CG8.  B5E, :B> ?@54 59 AB>O;8  @C:8 BO=C;8 A <>;L1>9, =0 CB5H0;0 2 ?5G0;OE, !<O3G0;0 AB@040=LO 8 1>;L. !:>@1OI8<, 1>;L=K<; CAB0;K<, !>3=C2H8<AO >B 701>B (5?B0;0, :0: 45BO< <0;K<: - 5<=>5 A:>@> ?@>945B! 5=0.  >68O 0B5@L! #<O3G8 !5@4F0 65AB>:85 8 7;K5.  ?CABL "2>59 ;N128 ;CG8, 0: 1C4B> AB@5;K 7>;>BK5, @>1C4OB :@>B>ABL 2 =8E 2?5@2K5. B:@>9 A5@4F0<, > >68O 0BL,  4>1@>BC, 8 A>AB@040=L5,  60;>ABL : :064><C A>740=LN @>;59 A =515A, :0: 1;03>40BL. ", (>@K38=0 244 !&    I8B5 : >A?>4C 4>@>3C 59AB2CNI85 ;8F0 01CH:0. =0B>;89. =O. 5=0. %>4 ?@074=8:0 0 AF5=5 - AB>;, ?>:@KBK9 =0@O4=>9 A:0B5@BLN, =0 AB>;5 - >1@07 ?@5?>4>1=>3> AB0@F0 <2@>A8O, ?5@54 =8< 3>@8B A25G0. 0 AB>;5 @8AC=>:, D>B>3@0D8O 8;8 ?0==> A 87>1@065=85< ?B8=>9 ?CABK=8. 01CH:0 8 55 2=C:8 - =0B>;89, 520, =O A84OB 70 AB>;>< 8 15A54CNB. 01CH:0. !53>4=O <K >B<5G05< 45=L ?0<OB8 A2OB>3> ?@5?>4>1=>3> AB0@F0 <2@>A8O. 0209B5 2A?><=8< 53> 687=L, ?@>@>G5AB20, ?>3>2>@8< > 53> C4828B5;L=>< 40@5 ?@>7>@;82>AB8, >B:@KB>9 5<C >A?>4>< >3><. !2OB>9 <2@>A89 @>48;AO 2 1812 3>4C 2 A5;5 >;LH85 8?>28FK. 3> <8@A:>5 8<O 1K;> ;5:A0=4@ 8E09;>28G! @5=:>2. | >645=85 ;5:A0=4@0 A>2?0;> A ?@074=8:>< 2545=8O 2> E@0< @5A2OB>9 >3>@>48FK.  4><5 53> >BF0 - ?>=><0@O 45@525=A:>3> ?@8E>40 - 1K;> 2 MB>B 45=L <=>3> 3>AB59. 0: =0 ;N4OE O @>48;AO, B0: =0 ;N4OE 8 682C, - 3>2>@8; > A515 AB0@5F. ;5:A0=4@ @>A <0;LG8:>< >40@5==K<, 682K<, >G5=L 25A5;K<.  CE>2=>< CG8;8I5, 345 >= CG8;AO, >= 2A5340 1K; ?5@2K< CG5=8:><. >A;5 >:>=G0=8O "0<1>2A:>9 A5<8=0@88 1C4CI89 AB0@5F 70=O; A:@><=CN 4>;6=>ABL CG8B5;O 2 8?5F:>< CE>2=>< CG8;8I5. 5A5;>3> 8 >AB@>C<=>3> @5=:>20 2A5 ;N18;8, => A =5:>B>@KE ?>@ AB0;8 70<5G0BL, GB> >= G0AB> C548=O5BAO, CE>48B 2 A04 8 B0< ?>4>;3C <>;8BAO. I5 2 A5<8=0@88 2> 2@5<O BO65;>9 1>;57=8 ;5:A0=4@ 40; >15B ?@8=OBL ?>AB@83, 5A;8 >AB0=5BAO 682, => 2A5 >B:;04K20; 8A?>;=5=85 A2>53> >15I0=8O 8 >AB020;AO 2 <8@C, I8B5 : >A?>4C 4>@>3C 245 5=0. 4=064K ;5:A0=4@ 4>;3> 1@>48; ?> ;5AC 8 2KH5; : @CGLN. 5=0 G8B05B AB8E>B2>@5=85 N18B5 >30!. 5A=>9 @CG59 1560;, 6C@G0. ;03>CE0;0 A=KBL-B@020, @C3>< @0A:8=C2 :@C6520.  2 =56=>< ?5=88 @CGLO 2CG0;8 <C4@K5 A;>20: I8B5 : >A?>4C 4>@>3C, N18B5 8 E20;8B5 >30! 5A5==89 25B5@>: 682>9 (5?B0;, A;53:0 HC@H0 ;8AB2>9: I8B5 : >A?>4C 4>@>3C, N18B5 8 E20;8B5 >30! 515A A8O;0 A8=520,  7>;>B>< ;8;8AL A;>20: I8B5 : >A?>4C 4>@>3C, N18B5 8 E20;8B5 >30' 01CH:0. >;>4>9 CG8B5;L >B?@028;AO : 70B2>@=8:C AB0@FC ;0@8>=C, 8725AB=><C A2>59 4CE>2=>9 <C4@>ABLN. !B0@5F A:070; 5<C: "K 2 ?B8=>9 =C65=. 48 2 ?B8=C. '5@57 =5A:>;L:> 4=59 >= ?>:8=C; 8?5F: 8 1K; ?@8=OB 2 ?B8=>9 ?CABK=8. @8 ?>AB@835 ;5:A0=4@ @5=:>2 1K; =0720= <2@>A85<.  2A:>@5 >BF0 <2@>A8O @C:>?>;>68;8 2 85@>480:>=K.  <>=0ABK@5 >B5F <2@>A89, E>@>H> 7=02H89 3@5G5A:89 8 ;0B8=A:89 O7K:8, 70=O;AO ?5@52>4>< A2OB>>B5G5A:8E :=83. = >?C1;8:>20; 5AB28FC A2OB>3> >0==0 5AB28G=8:0 8 <=>3> 4@C38E 4CE>2=KE :=83. B5F <2@>A89 25; AB@>3CN 0A:5B8G5A:CN 687=L - <>;8B20, ?>AB, 1>4@AB2>20=85 =0?>;=O;8 55. >A?>4L 40@>20; >BFC <2@>A8N 4CE>2=>5 2545=85 - ?@>7>@;82>ABL - 482=K9, 1;03>40B=K9 40@. !2OB>9 G8B0; 2 4CH0E G5;>25G5A:8E, :0: 2 :=835. =0B>;89 G8B05B AB8E>B2>@5=85 !2OB>9 <2@>A89. AB@>;>30< 8 :>;4C=0< =5 25@N! ><C >B:@KBK B09=K 1KB8O  <C4@>AB8 1>65AB25==K5 425@8? "><C, :B> G8AB 4CH>N, :0: 48BO! 82CI5<C 2 3>@4K=5 8 ?>@>:0E 246 !&    'KBL =5 40=> 2A5254CI8< ?@>@>:><! 0 ?>42838, ;N1>2L 8 ?>A;CH0=L5 >3 =03@048; <2@>A8O 2A57=0=L5<  2KAH8< 40@>< - 40@>< ?@>@8F0=LO.  A?;5B5=L5 A;>6=>< AC451 8 AB@0AB59, 070;>AL, 2848B >= A5@4F0 ;N459  7=05B B>, GB> 8< 2A5340 206=59. 7 BL<K 3;CE>9 >= 2K2>48; 701;C4H8E, B BO65AB8 3@5E>2 >A2>1>640O 4CH8, "0: 3>2>@8; >= A :064K< G5;>25:><, 0: 1C4B> 7=0; 53> 402=K<-402=>  2540; 2A5, GB> 2 687=8 AC645=>. 01CH:0. 8:0:>9 G5;>25G5A:89 =54>AB0B>:, =8:0:>9 3@5E =5 <>3 AB0BL ?@5?OBAB285< 4;O >BF0 <2@>A8O: 2<5AB> B>3> GB>1K AC48BL ;N459, >= A>AB@040; 8< 8 ;N18; 8E. >MB><C ;N48 H;8 : =5<C A 4>25@85< 8 =04564>9, A> A2>8<8 701>B0<8, 3>@5ABO<8 8 A:>@1O<8. !> 2A59 >AA88 H;8 70 A>25B>< 8 ?><>ILN ;N48 0 ?B8=C ?CABK=L : AB0@FC <2@>A8N. =O G8B05B AB8E>B2>@5=85 !B0@5F.  428=C;AO =0@>4 A> 2A59 CA8 25;8:>9 ;CE8<8 B@>?0<8, ?@>A5;:0<8, 4>@>30<8. (;8 : AB0@FC ?5@5E>685 :0;8:8, (;8 AB@064CI85, =8I85, C1>385 - (;8 :064K9 A> A2>59 154>N, A:>@1LN,  :064>3> 2AB@5G0; A2OB>9 A ;N1>2LN. D8;>A>DK, <KA;8B5;8, ?>MBK (;8 : >?B8=A:><C AB0@FC 70 A>25B><. 45AL 1K;8 >AB>52A:89 8 ">;AB>9.  :064K9 =0E>48; 745AL CB5H5=L5, >?@>A>2 A;>6=KE <C4@>5 @5H5=L5.  A OA=>9, ?@>A25B;5==>N 4CH>9 = 2>72@0I0;AO A=>20 2 <8@ 1>;LH>9. 01CH:0.  :>=FC 687=8 AB0@5F <2@>A89 ?>. 12 G0A>2 3>2>@8; A ?>A5B8B5;O<8. > CB@0< >= 2 >48=>G5AB25 <>;8;AO 2 :5;L8. 4=064K :B>-B> 703;O=C; : ?@5?>4>1=><C <2@>A8N 2 :5;LN, :>340 >= AB>O; 8 <>;8;AO. 8F> AB0@F0 1K;> >70@5=> A8O=85< =5>1K:=>25==>3> A25B0 8 2K@060;> =5A:070==CN @04>ABL. I8B5 : >A?>4C 4>@>3C 47 @5?>4>1=K9 AB0@5F <2@>A89 8AF5;O; 4CE>2=K5 8 D878G5A:85 =5<>I8. >;L=KE >= =0?@02;O; : A2OB><C 8AB>G=8:C, ?>A;5 ><>25=8O 2 :>B>@>< <=>385 2K74>@02;820;8.  ?0<OB8 =0@>4=>9 A>E@0=8;8AL 2>A?><8=0=8O > GC45A=>9 ?@>7>@;82>AB8 AB0@F0 <2@>A8O. =O G8B05B AB8E>B2>@5=85 AB>@8O <0AB5@0. #AB0=>282 8:>=>AB0A @57=>9  ?>;CG82 =03@04C 70 CA;C3C, !>1@0;AO <0AB5@ 2 40;L=89 3>@>4 A2>9 -  40;5:CN 8 A=56=CN 0;C3C.  70CB@5=5 AE>482, >= ?><>;8;AO >3C, 5@5:@5AB8;AO B@864K ?@54 4>@>3>9  ?>:;>=8;AO E@0<0< 4> 75<;8. <C ;>H04:C 2 A0=8 70?@O3;8. "C;C? >2G8==K9 1@>A82 =0 A>;><C, = <KA;O<8 C6 1K; A @>4=K<8 4><0. , GC2AB2CO 4CH52=>5 2>;=5=L5, # AB0@F0 ?>?@>A8; 1;03>A;>25=LO. <2@>A89 ?@8=O; ;0A:>2> 53>, >25; A =8< 4>;3CN 4CH52=CN 15A54C. >4C<0; <0AB5@; K=G5 =5 ?>54C! 0702B@0 2=>2L ?>720; 53> A2OB>9. 0 B@5B89 45=L ;8HL >B?CAB82 4><>9. !:070; 5<C: %@0=8 >A?>4L B51O! #6 <8=>20;0 BCG0 3@>7>20O. "51O, <>9 4@C3, O A <8@>< >B?CA:0N,  B>;L:> <=>3> 2@5<5=8 A?CABO #7=0; @5<5A;5==8:, GB> 1K2H85 4@C7LO 3> 704C<0;8 >3@018BL 8 C18BL.  ?>46840;8 2>72@0I5=LO G0A. !2OB>9 53> >B ;NB>9 A<5@B8 A?0A! 01CH:0. =>3> 8 4@C38E A;CG052 ?@>7>@;82>AB8 A2OB>3> <2@>A8O ?><=OB ;N48. 54L A2OBK< >B:@KB >689 @><KA5; > 2AO:>< G5;>25:5 8 53> AC4L15. =0B>;89 G8B05B AB8E>B2>@5=85 2!2OB>9. B @>645=LO 8 4> A<5@B=>3> ?>@>30 K 1@545<, 1;C640O 2 B5<=>B5, IC?LN =0E>48< <K 4>@>3C 248 !&     AG0ABLN, 8 : ;N128, 8 : :@0A>B5.  A2OB><C >689 A25B A8O5B, !;>2=> ?;0<O O@:>5 A25G8; "5<=>BC =>G=CN >70@ONB >;>BK5, B5?;K5 ;CG8. >B><C A2OB><C 8 ?>42;0AB=K 0H8 AC4L1K, <KA;8 8 A5@4F0: = 4CE>2=K< 7@5=L5< 2848B OA=> @><KA5; 515A=>3> BF0. 2CG8B B>@65AB25==>5 ?5A=>?5=85. 01CH:0. !2OB>9 AB0@5F <8@=> ?@5AB028;AO : >3C 10 >:BO1@O 1891 3>40. = ?@8G8A;5= : ;8:C A2OBKE !>1>@>< CAA:>9 @02>A;02=>9 &5@:28 2 1988 3>4C.  MB>< 65 3>4C A>AB>O;>AL 8 >1@5B5=85 <>I59 A2OB>3> <2@>A8O, AB0@F0 ?B8=A:>3>. . (>@K38=0 !2OB>9 ?><>I=8: 8:>;09  5 8 A B2 CNI85 ;8F0 01CH:0. =0B>;89. =O. 5=0. 5B8. %>4 ?@074=8:0 0 AF5=5 AB>8B AB>;, ?>:@KBK9 2KH8B>9 A:0B5@BLN. 0 AB>;5 ->1@07 A2OB8B5;O 8:>;0O 'C4>B2>@F0, ?5@54 >1@07>< - A25G0. 0 AB>;>< A84OB 01CH:0 8 55 2=C:8: =0B>;89. =O, 520. =8 15A54CNB. 01CH:0. >GB8 A5<=04F0BL 25:>2 ?@>H;> A B5E ?>@, :0: =0 75<;5 68; A2OB8B5;L 8 C3>4=8: >689 8:>;09, 25;8:89 GC4>B2>@5F, :>B>@>3> ?@>A;02;O5B =K=5 25AL E@8AB80=A:89 <8@ 70 53> @52=>ABL ?> 25@5, ?@0254=CN 687=L 8 GC45A0, B2>@8<K5 2> A;02C >68N. !2OB>9 ?><>I=8: 8:>;09 249 =0B>;89. 01CH:0! 0AA:068 =0<, ?>60;C9AB0, > 53> 687=8 8 GC45A0E. 01CH:0. ! @04>ABLN @0AA:06C. !;CH09B5, 4>@>385 <>8! # @>48B5;59 8:>;0O 'C4>B2>@F0, $5>D0=0 8 >==K, 4>;3> =5 1K;> 45B59. =8 <>;8;8 >30 ?>A;0BL 8< AK=0 8 40;8 >15B ?>A2OB8BL 53> =0 A;C65=85 >A?>4C. #A5@4=0O <>;8B20 1;03>G5AB82KE @>48B5;59 1K;0 CA;KH0=0, 8 >A?>4L 40@>20; 8< AK=0, :>B>@>3> ?@8 :@5I5=88 =0@5:;8 8:>;05<. !>E@0=8;>AL ?@540=85, GB> 2A5 2@5<O, ?>:0 A>25@H0;>AL B08=AB2> !2OB>3> @5I5=8O, @515=>: ?@>AB>O; 2 :C?5;8, =5 ?>445@68205<K9 =8:5<. "@8 G0A0! >340 <0;LG8: ?>4@>A, @>48B5;8 AB0;8 CG8BL 53>, 8 @515=>: 1KAB@> 8 ;53:> ?>AB83 :=86=CN <C4@>ABL. A5 A2>5 2@5<O >= ?@>2>48; 2 E@0<5 2 <>;8B20E 8 GB5=88 !2OI5==>3> 8A0=8O.  E@0<5 >A?>4=5< 5?8A:>? ?>A2OB8; 8:>;0O 2 A2OI5==8:8. @8=O2 A0=, 8:>;09 AB0; 25AB8 5I5 1>;55 AB@>3CN ?>4286=8G5A:CN 687=L: ?>AB, <>;8B20, 15A?@5@K2=>5 1>4@AB2>20=85 >B;8G0;8 55. >340 C<5@;8 53> @>48B5;8, 8:>;0N 4>AB0;>AL 1>;LH>5 =0A;54AB2>. !2OB>9 @0740; 53> =8I8< 8 =C640NI8<AO. 4=064K >= >B?@028;AO 2 0;5AB8=C, GB>1K ?>:;>=8BLAO A2OBK< <5AB0<, >A2OI5==K< AB>?0<8 !0<>3> 8ACA0 %@8AB0  >A?>40 =0H53>. > 2@5<O ?CB5H5AB28O =0 :>@01;5 =0 <>@5 ?>4=O;0AL A8;L=0O 1C@O, 8 B>;L:> <>;8B20 A2OB>3> A?0A;0 :>@01;L 8 <0B@>A>2 >B 25@=>9 3815;8. 2CG8B <C7K:0. =O G8B05B AB8E>B2>@5=85 " 1C@N. @03>F5==K< <5@F0O >?0;><, 57<OB56=>5 <>@5 ;560;>, 0@CA0 =04C20; ;53:89 1@87, !B09:8 2>;= 157701>B=> =5A;8AL... 4@C3 >B:C40-B>, 1@>28 =0E<C@O, '5@=K< 45<>=>< 2K@20;0AL 1C@O! >B5<=5;8 :>A<0BK5 BCG8, 728;AO 28E@L =04 2>;=0<8 <>3CG89. >4=8<0O 87 1574=K 20;K, = 1@>A0; 8E =0 2KABC? A:0;K, 250 !&     :>@01;L, ?@>A<>;5==K9 8 :@5?:89, (B>@< H2K@O;, A;>2=> ;53:CN I5?:C. 5B5@ 2K;, 8 AB>=0;, 8 A28AB5; -!<5@B=K9 C60A ;N4L<8 >2;045;!  C?0;8 <0B@>AK A <>;L1>9: -. ><>38 =0<, #3>4=8: A2OB>9! 8:>;09 ?>3@C78;AO 2 <>;8B2C. !B8E;0 1C@8 65AB>:0O 18B20, !B0;0 OA=>9 8 B8E>9 >?OBL >;C10O 15A:@09=OO 3;04L. 01CH:0. ! B5E ?>@ A2OB8B5;L 8:>;09 <=>3> @07 ?><>30; A?0AB8AL 381=CI8<.2 <>@5, B5@?OI8< :>@01;5:@CH5=85, CB>?0NI8<, ?>B><C 8 ?>G8B05BAO 2 =0@>45 :0: ?>:@>28B5;L <>@O:>2. 5=0 G8B05B AB8E>B2>@5=85 !2OB>9 ?><>I=8:. B> AB@0=AB2C5B, :B> A2>9 ?>:8=C; :@09. ><C AC@>2>9 <0G5E>9 GC618=0, @54 :5< <>@A:0O ;8, 68B59A:0O ?CG8=0 -"5< ?><>38, A2OB8B5;L 8:>;09! =0B>;89. 01CH:0! >G5<C A2OB8B5;O 8:>;0O =07K20NB 'C4>B2>@F5< 8@;8:89A:8<? 01CH:0. >A5B82 5@CA0;8<, ?>:;>=82H8AL A2OBK< <5AB0<, 8:>;09 #3>4=8: 25@=C;AO =0 @>48=C, 2 AB@0=C, :>B>@0O =07K20;0AL 8:859. 4=064K, :>340 A2OB>9 8:>;09 AB>O; =0"<>;8B25. >= CA;KH0; 3>;>A, :>B>@K9 A:070; 5<C: 8:>;09! "K 4>;65= 2KABC?8BL =0 A;C65=85 =0@>4C, 5A;8 65;05HL ?>;CG8BL 25=5F >B 5=O. 8:>;09 #3>4=8: ?>=O;, GB> GC45A=K9 3>;>A - 3>;>A !0<>3> >A?>40 >30. !2OB>9 >B?@028;AO 2 3>@>4 8@K - AB>;8FC 8:88. 45AL >= 68; :0: =8I89, =5 7=0O, 345 ?@5:;>=8BL 3>;>2C A2>N.  MB> 2@5<O 2 8@0E A:>=G0;AO 0@E85?8A:>? 2A59 8:88 >0==. ;O 871@0=8O =>2>3> 0@E85?8A:>?0 A>1@0;8AL 2 8@K 5?8A:>?K 8:88. =8 >1@0B8;8AL A <>;8B2>9 : >A?>4C, ?@>AO C:070BL 8< 4>AB>9=>3> <C60, GB>1K >= 70=O; <5AB> 0@E85?8A:>?0. " . . !2OB>9 ?><>I=8: 8:>;09 251 . =O G8B05B AB8E>B2>@5=85 71@0==8: >689. ?8A:>?K AB>O;8 8 <>;8;8AL. =8 A <>;L1>N : >3C >1@0B8;8AL: 0: =0< =09B8 4>AB>9=59H53> <C60? @E85?8A:>? =0H59 &5@:28 =C65=.  2>B O28;AO 0=35; >4=><C.  2>;N >6LN ?5@540; 5<C: B> ?5@2K< 2 E@0< : 70CB@5=5 2>945B, ">3> 8 ?@8<5B A @04>ABLN =0@>4! ">B A25B E@8AB80=A:89 ?@8=5A5B 2 20H :@09,  1C45B 53> 8<O - 8:>;09! 0CB@> ?5@2K< 2 E@0< 2>H5; A2OB>9. B25BL =0<, :B> BK? "09=C ?@8>B:@>9, !2>5 ?@54=07=0G5=L5 =5 A:@K209! #3>4=8: B8E>,<>;28;: 8:>;09. 2CG8B <C7K:0. 01CH:0. !>1>@ 5?8A:>?>2 @C:>?>;>68; 8:>;0O #3>4=8:0 2 0@E85?8A:>?K 8@;8:89A:>9 &5@:28. ! B5E ?>@ A2OB>3> =07K20NB 8@;8:89A:8< GC4>B2>@F5<. !2OB8B5;L 8:>;09 CB25@640; 2 25@5 E@8AB80=, >1@0I0; : 8AB8==>9 25@5 O7KG=8:>2, ?><>30; ;N4O< 2 8E 1540E 8 =C640E. =0B>;89 G8B05B AB8E>B2>@5=85 "@8 7>;>BKE <>=5BK, 5C@>609=K< 1K; 2 8:88 3>4, "5@?5; =C64C 8 154AB28O =0@>4 - 0?0AK-E;510 ?>4>H;8 : :>=FC.  2>B B>340 1>30B><C :C?FC, 'B> =03@C78; A2>8 AC40 ?H5=8F59, 'C45A=K9 A>= 3;C1>:>9 =>GLN A=8BAO. !:070; 5<C A2OB8B5;L 8:>;09: "K A2>9 :>@01;L 2 8:8N >B?@02;O9, >;CG8HL >6LN ?><>IL BK 70 MB>.  70;>3 2>7L<8 B@8 7>;>BKE <>=5BK! C?5F ?@>A=C;AO. # =53> 2 @C:5 ;5AB5;8 B@8 <>=5BK 7>;>BK5, >=5BK 4@03>F5==K5, A2OBK5... A?>;=8; >= #3>4=8:0 =0:07. 0@>4 8:88 >B ;8H5=89 A?0A! 01CH:0. =>3> GC45A A>B2>@8; 25;8:89 A2OB>9 ?@8 687=8, <=>3> >= 8E A>B2>@8; 8 ?>A;5 ?@5AB02;5=8O A2>53>. 252 !&    !2OB8B5;L 8:>;09 70ABC?0;AO 70 =528==> >AC645==KE, >A2>1>640; 87 ?;5=0 C7=8:>2, A?0A0; ;N459 >B A<5@B8, 8AF5;O; 1>;L=KE, ?>AK;0; ?><>IL =C640NI8<AO, ?>?02H8< 2 154C. !2OB>9 AB0; >A>1K< ?>:@>28B5;5< 75<;8 CAA:>9.  53> G5ABL =0 CA8 ?>AB@>5=> <=>65AB2> E@0<>2, 2 :>B>@KE 5ABL GC4>B2>@=K5 8:>=K 8:>;0O #3>4=8:0. 540@>< 2 =0@>45 3>2>@OB: "5B 8:>= - :0: 8:>;" 8;8 "B %>;<>3>@ 4> >;K - B@84F0BL B@8 8:>;K. 8:>;0N #3>4=8:C ?>A2OI5=> 420 ?@074=8:0: 22 <0O -8:>;0 5H=89 8 19 45:01@O - 8:>;0 8<=89. > MB><C ?>2>4C =0@>4 3>2>@8B: 48= 8:>;0 A B@02>9, 0 4@C3>9 - A 78<>9. 5=0 G8B05B AB8E>B2>@5=85 8:>;0 5H=89. 5H=89 8:>;0 ?@8E>48B A B@02>9, ! ?5A5=:>9 25A5;>9 ?B0H:8 ;C3>2>9. 68205B A5<O, GB> 4@5<0;> B8E>, 0ABC?05B 2@5<O A5OBL @>6L, 3@5G8EC. 01CH:0. ;02=K9 45OB5;L =0 CAA:>9 75<;5 - E;51>?0H58., 0 3;02=0O 53> 701>B0 - > E;515, >1 C@>605. 5A=>9 :@5ABLO=5 84CB 2 E@0< A <>;8B2>9 : 8:>;0N #3>4=8:C, GB>1K >= 40@>20; E>@>H89 C@>609. 2CG8B @CAA:0O E>@>2>4=0O <C7K:0. 0 AF5=C 2KE>4OB 45B8, >45BK5 2 =0@>4=K5 :>ABN<K, 2>4OB E>@>2>4. 01CH:0. 8<C =0H =0@>4 B0:65 =0G8=05B <>;8B2>9 A2OB8B5;N, AG8B0O 53> ?><>I=8:>< 2 78<=8E @01>B0E, 1;03>40@8B 70 E>@>H89 C@>609 E;51>2, :>B>@K9 ?><>65B ?5@5=5AB8 AC@>2CN 78<=NN ?>@C. =O G8B05B AB8E>B2>@5=85 8:>;0 8<=89". 0 8:>;C 8<=53> ?5@2K5 <>@>7K 07C:@0AOB 8=55< 25B28 =0 15@570E. 0<5B5B 4>@>3C 7<59:0<8 ?C@30,  =0H5<C ?>@>3C ?@8=5A5B A=530. 2CG8B <C7K:0 - @CAA:0O =0@>4=0O ?5A=O. A5 :;0=ONBAO. @074=8: 70:0=G8205BAO. ". (>@K38=0 !  2545=85  ...........  .............,. ...........,.. ....................,............... 3 B25BK 0B@80@E0 >A:>2A:>3> 8 2A5O CA8 ;5:A8O II =0 2>?@>AK 3075BK >A:@5A=0O H:>;0 ........................... 5 B25BK ?5@2>3> 70<5AB8B5;O <8=8AB@0 >1@07>20=8O >AA88 . $. 8A5;520 =0 2>?@>AK 3075BK >A:@5A=0O H:>;0......................................................10 @02>2K5 >A=>2K 22545=8O :C@A0 "A=>2K ?@02>A;02=>9 :C;LBC@K 2 CG51=CN ?@>3@0<<C 3>AC40@AB25==KE' (<C=8F8?0;L=KE) >1I5>1@07>20B5;L=KE CG@5645=89 . '5@=530 .................................................................... 13 @02>A;02=0O ?5403>38:0 :0: A8AB5<0 4CE>2=>-=@02AB25==>3> !B0=>2;5=8O ;8G=>AB8. @>B>85@59 235=89 (5ABC= ........................................ 21 @>3@0<<0 D0:C;LB0B82=>3> :C@A0 A=>2K ?@02>A;02=>9 :C;LBC@K .. ;N520.................................................................... 26 >=A?5:BK C@>:>2 0AA:07 . 5@838=>9 ";O A0<KE N=KE .. ;N520.................................................................... 34 0AA:07 $. >AB>52A:>3> 0;LG8: C %@8AB0 =0 5;:5 .. ;N520.................................................................... 38 '8B05< A2OB>G=K5 @0AA:07K .. ;N520....................................................................43 >645AB2> %@8AB>2> .. ;N520......-...............................,......................,..... 53 >43>B>2:0 : ?@074=8:C >645AB20 %@8AB>20. .. ;N520.................................................................... 58 @074=>20=85 >645AB20 %@8AB>20 .. ;N520................................................................... 63 ,71 254 _________________________ >7=0:><8BL A ?@074=8:>< >645AB20 %@8AB>20 . 048: ............................................... ........ .77 @5?>4>1=K9 !5@0D8< !0@>2A:89 .- ;N520.................................. ,83 87=L ?@5?>4>1=>3> !5@0D8<0 !0@>2A:>3> .. ;N520.. .......................................... ,87 !>1>@ =>2><CG5=8:>2 8 8A?>254=8:>2 >AA89A:8E .- ;N520......................................................... ,94 !2OB0O 1;065==0O A5=8O 5B5@1C@3A:0O .. ;N520............................................ 99 !>1>@ 2A5;5=A:8E CG8B5;59 8 A2OB8B5;59 0A8;8O 5;8:>3>, @83>@8O >3>A;>20 8 >0==0 ;0B>CAB0 .. ;N520.......................................................... 106 !2OB8B5;L ;5:A89, <8B@>?>;8B >A:>2A:89 .. ;N520.................................................. 5;8:89 ?>AB .. ;N520..... 110 115 !2OB>9 1;03>25@=K9 :=O7L 0=88; >A:>2A:89 .. ;N520..................................................... ;03>25I5=85 .. ;N520..... 120 124 !2OBK5 65=K-<8@>=>A8FK . >B0?>2A:0O............... 133 5;8:><CG5=8: 5>@389 >154>=>A5F . >B0?>2A:0O............................... 5=L ?>154K .. ;N520... 138 143 !>H5AB285 !2OB>3> CE0. .. ;N520.................... !2OBK5 <CG5=8FK 5@0, 045640, N1>2L 8 !>D8O .. ;N520.................................................................. 146 '8B05< :=83C 8488 '0@A:>9 48= 70 2A5E .. ;N520.................................................................. 151 154 8B85 ?@5?>4>1=>3> !5@38O 04>=56A:>3> .. ;N520............................................... 255 'B> BK 7=05HL > ?@5?>4>1=>< !5@388 04>=56A:><? .. ;N520.................................................................. 160 !2OB>9 0?>AB>; >0== >3>A;>2 .. ;N520.................................................................. 166 @074=8: >:@>20 >6859 0B5@8 .. ;N520.................................................................. 171 ?B8=A:85 AB0@FK ..;N520................................................................. 176 ><8=>25=85 CA>?H8E ..;N520.........................................:,..,...........,...-.... 190 5B>?8AL. @5?>4>1=K9 5AB>@ 5B>?8A5F ..;N520................................................................ 194 2545=85 2> E@0< @5A2OB>9 >3>@>48FK .. ;N520................................................................. 198 !2OB>9 1;03>25@=K9 :=O7L ;5:A0=4@ 52A:89 ..;N520................................................................. 206 !2OB0O 25;8:><CG5=8F0 0@20@0 .. ;N520................................................................. 210 !F5=0@88 ?@074=8:>2 0< ?>5B ?0AE0;L=K9 72>= ?5A=L > 687=8 25G=>9 . (>@K38=0 .............................................................. 216 0AE0;L=K9 :>;>1>: !2OI5==8: >=AB0=B8= AB@>2A:89........................... 221 >645AB25=A:0O 725740 . (>@K38=0 .............................................................. 223 !25B ?@8H5; 2 <8@ . 5@525@70 .............................................................. 227 @>A;02;O5B 2AO 75<;O >645AB2> %@8AB>2> , 5@525@70 ............................................................... 230 >3>871@0==0O B@>:>28F0 . (>@K38=0 .............................................................. 233 I8B5 : >A?>4C 4>@>3C . (>@K38=0 ........................................................... 244 !2OB>9 ?><>I=8: 8:>;09 ". (>@K38=0 .............................................................. 248 $^"L|$d^`a$$d^`a$$d]^`a$$d^`a$$d^`a$$d^`a$$d^`a$d 2:Zx4fhN $^a$ $^a$ $d^`a$$d^`a$$d^`a$$d^`a$$d^`a$$d^`a$Nl &@X4$d^`a$$d^`a$ $x(^xa$$d^`a$$^`a$ $(^a$ $^a$ $^a$ $(^a$Tdvhx  Bf\f&(2424np|2B np46fhhGCJaJhG5CJ\aJ hG6]hG56\]hG5CJ\aJhG56CJ\]aJhG hG5\H4vn vvq$a$ (d^(`$d^`a$ $d`a$ $d`a$ $d`a$ $d`a$$a$d`$d^`a$$d^`a$ (44ps$d(^`a$$d^`a$$d(^`a$$d^`a$$d,^`a$d $d`a$ d` $d`a$  p6hL0 $d`a$$a$ dx`d$d(^`a$$hd(^h`a$$d(^`a$$d(^`a$$h]^h`a$>J\p ":<@        ( : D R   08BLnZ`^n4Dv*6.xLV hGH* hG5\hG5CJ\aJhGCJaJhGW<tP @ q $d`a$$hd]^h`a$$ d^ `a$$d^`a$$Xhd]X^h`a$$d^`a$$d^`a$$d^`a$ @  ( T  0\,.\xhhc$a$$d^`a$$d^`a$ $dx`a$$ d^ `a$$ d^ `a$$d]^`a$$d^`a$$dh^`a$(d(^(` \82tv|n $d]a$ (d`$xd]^x`a$$d^`a$$d]^`a$$d]^`a$$d]^`a$$d]^`a$ .P T0Z@L$d]^`a$$hd]^h`a$$d^`a$$d^`a$ d(`d$d^`a$$d^`a$LzL !!D!!! "B"p"(#\##u$X]X^`a$$8d^8`a$$d^`a$$d^`a$ $d`a$$a$ ((^(`$Xd]X^`a$$ d^ `a$ V< J L   !D!!!!! " ""@"B"n"p"&#(#Z#\#`#######$$$$6%8%J%R%%%%%(&*&&&&&*','L'N'r't'''''|(((((j****j++(11111122:2<2|2~2223hG56\]hG5CJ\aJhGCJaJ hG5\hGU###$$8%%%*&&rd @``]@^```X`d]X^```d^```d]^`` ` `]` ^``$@pd]@^p`a$$Xd]X^`a$$8d^8`a$$d^`a$ &&,'N't'''~((((d))y$( `d]( ^``a$$dP]^`a$$a$$a$$d]^`a$$d^`a$`d^`` `d^`` `]^`` ),*+j++++,,\,"--pZ$@d]@^`a$$` d]^` `a$$d^`a$$ d^ `a$$ d(^ `a$$` d<^` `a$$ dh] ^`a$xd^x`$d]^`a$ -j///0000(111}k$d^`a$$8P]^8`a$$a$$P d^P `a$$P d(^P `a$$( d]^( `a$$( d^( `a$$d^`a$$ xd] ^x`a$ 12<2~22333.4`4uc$d^`a$$d]`a$$d^`a$$dd^`a$$ d^ `a$$d^`a$$` dd^` `da$$` dd^` `da$$` dd(^` `da$ 3333333,4.4^4`4442545n5p55555 66@6B666>7@777782888:8^8`8888888899b9f9999999::\:`:::::; ;,;.;R;T;(<*<\<^<<<<<<`=j=|=~=:>L>p>r> ? ?@@@A6AhGCJaJhG5CJ\aJhG\`445p5556B66@778sa$d(^`a$$d]^`a$$d,^`a$$ d^ `a$$ d^ `a$$xd(^x`a$$ d^ `a$$ d<^ `a$$ d^ `a$ 8:8`88889d9f999vd$x4d^x`4a$ <d`$x d]x^ `a$$ d^ `a$$ d<^ `a$$ d(^ `a$$ d^ `a$$x d(^x `a$$x d^x `a$ 99:: ;.;T;*<^<<<~=r> ?@8AVAXA$a$dx` d``$x4]^x`4a$$x4d(^x`4a$$x4]^x`4a$$x4d^x`4a$6A8A>AXA^AAAAAABpBrBBBBBC CEEEEF8F`FdFBG\G>JHJ[H[\\\\\\\] hG5\hG5CJ\aJhG56CJ\]aJhGCJaJhG6CJ]aJhGCJ aJ hGCJaJ hG6]hGFXA`AAAAAArBBBCEFp$hd^h`a$d`$d^`a$ $d`a$ $d`a$ $d`a$ d`$d$dN`a$dY&`#$+Dx.(/P0$` FFFGGHLMMMNP4QpRR}$dd]`a$d` d` d`d$d^`a$$ d^` a$$xd]x^`a$$Xh`d]X^h``a$RS4SPSSS T:TUNUUUU} $d`a$$d]^`a$$hd^h`a$$d^`a$$d^`a$$d]`a$$d^`a$ $dT`a$ UW4WrWWWWlY\\]J_x$Xd]X^`a$$d^`a$$ d] ^`a$$d^`a$$Xhd]X^h`a$$a$$d^`a$$ d] ^`a$ ]f]n]n^x^J_N_____D`^`z``bbfeegg`hthhhhh(i0ij.jjjkkjltlDmHmoooo p$ppppq q$qBqPq^qdqzq~qqqqqqq r:rrrrhG5CJ\aJhGCJaJhG56CJ\]aJhG5CJ\aJhG56CJ\]aJ hG6]hG56\] hG5\hGCJ_ `"`D`:ac4dfeLf,hhh2i{{u X$0d]^0`a$$d]`a$$Pd]^P`a$ d]^ ` $d`a$$Pd]^P`a$$a$$d]^`a$ 2ijiiibjjjjkk0ljllvmy$ d^ `a$$(d^(`a$$ d^ `a$$d]`a$$@ d^@ `a$$@ d^@ `a$$@ d^@ `a$$@ d^@ `a$ vmnBoxooopp q&q^q|q~qqqqr d` $d`a$$a$$a$$a$ \^`\\d]^`\ \d^`\d]^`dPrr.ss6ttu4vvvwxy{|"}dddPdddd`$d^`a$$da$$da$ $da$$da$ $da$ $d`a$rr,s.s>ssstt uu u&u4v@vPvZvvvvvvvv0wZwlwtwww\xfxxxxNzRz|} }"}@}D}Z}b}~~օޅ08ʋ؋0<DHflȜ̜֜ hG6]hG5CJ\aJhG6CJ]aJhGCJaJhG5CJ\aJhGCJaJ hG5\hGJ"}B}D}d}}X~6j d<` d` (d` Pd^P`d` (d^(`(d^(` Dd`$dd^`a$jfʜ̜^lܠVԢ0v\ Pd^P` Pd^P` (d^(` (d^(``d d` Dd֜ *^j <FnƢȨrBP\lz̬άج8Bܮް,"PTƶR\.RhGCJaJhG5CJ\aJhG6CJ]aJ hG5\hG56\]hGQάDPηʸ̸wii $dP`a$$d^`a$$Xd]X^`a$$d]^`a$$d]^`a$$d]`a$d`d Pd` Pd^P` .  ĺ$4XĻƻػڻ".l bd޽4D.:BR.6\"DZd.򼮦hGCJaJhG56CJ\]aJhG5CJ\aJhG5CJ\aJhG56CJ\]aJhG5CJ\aJ hG5\hGhG56\]A̸0ƻڻd{rd` d`$` d]` ^`a$ $d`a$` $d`a$$a$d$d^`a$d`$d^`a$ X T\TV8vNP$ d` 0$d^`a$ d` (d $d`a$$d^`a$d`d`.>DRx~ &Vp8t,2(0L~bf`t2@BLht.8NVPøhG56CJ\]aJhG5CJ\aJhG56CJ\]aJhGCJaJhG5CJ\aJhG56\] hG6]hG hG5\C@Bn$hd]^h`a$ <d`$a$ Pd^P`$d^`a$$Pd^P`a$$d^`a$ (d^(`$d^`a$d` .Z}$d^`a$$d^`a$ d<`$dx^`a$dd<$dx^`a$dd $d`a$ d`PXv|@Frx.6J"\B J     X f > D  \ n    @ V N Z n ~         hG56\]hG5CJ\aJhGCJaJhGCJ aJ hG6]hG hG5\Oprzt $d`a$ $d(`a$d`,d`, d`$d$dN`a$1&`#$+D.(/P0$d&  V     dddd< $dx`a$$da$ $da$$du&`#$+D.(/P0$`a$$d$dN`a$$Pd^P`a$   6 v   .    b ~ $x]x^`a$$]^`a$$P]^P`a$d` $`a$ D$da$ $dxa$$d^`a$dd ` b  * | ~          & @ N       <    J X                         , : H ^ v ~ (! 2! ! ! ! źhG56CJ\]aJhG5CJ\aJhG56CJ\]aJhGCJ aJ hG6] hG5\hG5CJ\aJhGhGCJaJD~          J     }} $(d^(a$ $(d^(a$ $(d^(a$$(P^(`a$ $d`a$ (d^(`$d^`a$$]^`a$$]^`a$     B    \ X  zj$(d^(`a$$d]`a$$dx]`a$$@Pd]@^P`a$$Pd]^P`a$$x\d^x`\a$$d]^`a$ $d`a$$(^(a$  6   V   T       $(d^(a$ $(dP^(a$$d^`a$$d^`a$$d^`a$$d^`a$ $dP`a$$d^`a$      . ! (! ! " " " H$  $d`a$ d`$d]^`a$$a$d`$d^`a$$d$dN`a$d1&`#$+Dx.(/P0$` ! \" " " " " " " " # <# d# # # 4$ F$ ~$ $ $ $ $ % % *% ,% d% % % & & 0& >& N& t& & & & ' ' ' ' ' ' ' N( \( ( ( ) $) J) P) ) ) l+ |+ + + , , - - ^- - - - R/ \/ h0 j0 0 0 0 0 0 0 1 1 F1 R1 1 1 1 1 1 1 2 hG6] hG5\hGhG5CJ\aJhGCJaJVH$ % ,% f% & & ' ' T' &) () J) R) s $d`a$$a$ddx$dx^`a$ $d`a$d`$xd]x^`a$$dh^`a$$d^`a$$d^`a$ R) L+ + + 0, ^, , , - 8. . . R/ 0 0 F1 1 $2 l2 2 $(d^(a$ $(d^(a$ $(d^(a$ $(dx^(a$$dx^`a$d` d` 2 "2 2 2 V3 h3 <4 D4 4 4 4 4 4 5 5 5 ,5 6 6 6 6 6 <7 H7 8 8 J9 T9 ; < < N< T= = > > > > ? ? @ @ @ @ A A A A A A A jB B B B B B B B "C \C rC tC C C C C D D DD FD lD nD D D D D D (E *E 0E hGCJaJhG5CJ\aJ hG6]hG56\]hG hG5\P2 3 4 5 ,5 6 6 6 t6 v6 7 7 8 ,9 ~dd$dd^`a$$d^`a$ d`Q&`#$+D.(/P0$ Pd^P`$(d(^(`a$ $(d^(a$ $(d^(a$ ,9 J9 &; D; < P< = @> p> > @ j@ @ @ @ 6A d`d`d`ddd(d$d^`a$ $dxa$$d^`a$dx$dd^`a$6A pA rA A A A B tC C FD nD D D *E t$Pd^P`a$ $d(`a$ $d`a$ (d^(`$d^`a$,d`,$d^`a$$d^`a$$a$$P^Pa$d` 0E XE E E E E E F F &F >F LF \F ^F dF zF F F F F F F F $G &G 8G :G DG G G G G H H H I I I 2I I I I J J J J zK K DL PL кСЄ}}} hG5\hG56\]hG5CJ\aJhGCJaJhG56CJ\]aJhG5CJ\aJhG56CJ\]aJhGCJaJhGhGCJaJhG5CJ\aJhG56CJ\]aJhG6CJ]aJ1*E E F ^F F F &G :G G H I I I I J XJ $da$ D$xd^x`a$$d^`a$$d^`a$ P^P`$d]^`a$$a$$Pd^P`a$XJ J J *K K L fL L M N P dP P P P Q $d^`a$$d(^`a$$d|]`a$d <d<`<$dx^`a$$da$$da$ $da$PL L L rM M P (P dP tP P P P P P P Q Q (Q 0Q @Q PQ vQ Q R 0R R R $S NS S S .T \T T T U U X 8X HX TX (Y FY Y Y ^Z Z Z Z [ ,[ [ [ \ \ \ \ \ ] L] \] ] ] ] ] B^ ^ ^ ^ ^ ^ 6_ :_ _ $` t` ` 8b Nb c $c d d f hGCJ aJ hGCJaJ hG6]hG5CJ\aJ hG5\hGSQ (Q @Q vQ Q fR R R ~S S S S .T q$Xd]X^`a$ $d`a$$a$$d|^`a$$dx^`a$ (d^(`$d^`a$$0d(^0`a$$0d^0`a$ .T ^T T U XU U hV V W ^W W W HX VX X X Y Y Z Z $(d^(a$ $(d^(a$ $(d^(a$$<a$ $da$$da$$da$$d|^`a$Z [ `[ z[ \ .] ^ (^ ^ ^ ^ 4_ 6_ }}d1&`#$+D.(/P0$` Pd^P`$(d(^(`a$ Pd^P`Pd^P`$d^`a$ $(d^(a$ $(d^(a$ 6_ 8_ :_ >` ` k Dk l 4l rl xl |l l hm m Rn tn n n $o 6o vo |o .p Rp p p dq rq s s |s s t t t t u u \v lv v v w w w w @x Zx x x @y Fy y y y } } ҂ ڂ Ą  B  0 4 F V \ ~ | hG5CJ\aJ hG6]hGCJaJhGCJ aJ hG56\]hG hG5\OPl rl zl |l ~l l l l l m m 8o Vo o o $da$ $dxa$$d^`a$d`d` d`duY @&`#$+D.(/P0$`$d$dN`a$$a$$(^(a$o p q r r s t *u lu u v nv v v x >y @y Hy y y dE)&`#$+Dx.(/P0$`(d^($d^`a$ $da$$da$$da$y y y { R| r| | F} } } B~   H d`$d^`a$dx$dx^`a$ddddd$d$dN`a$  D օ 2 4 V ^ | 0 D $a$$`a$$d^`a$ d` $d`a$$P^Pa$$d^`a$$dh^`a$$dx^`a$d` | Ї D N ̈ 2 4   2 4 D   B F R ` J \    6 D ̘ 0 B \ b | ~ М Ҝ p  4 6  6 : @ ƱƱƱƱƱƱhG5CJ\aJhG56\]hGCJaJhG56CJ\]aJhG5CJ\aJhG56CJ\]aJhG hG5\DD 4  4 ċ x Ќ & sh xd<^x$hdd^h`a$ $x^x`a$$@d^@`a$ xd^x`xd^x`$d^`a$$`a$ $d`a$$XXd]X^X`a$ & x Ύ   0 l x 4 v 0 d`d` d` Dxd^xxd^x xd(^x xd^x ( h j ~ Ҝ  6 w$@$]@^`$a$ $]`a$$` `]` ^``a$$a$$ d]^ `a$$xd]x^`a$$` d]` ^`a$$d]^`a$ 6 8 : B Ơ & J l $P`(^P``a$$P`d(^P``a$$P`d^P``a$$d$dN`a$1&`#$+Dx.(/P0$$P]^P`a$$`]^``a$ Ġ Ơ $ & H J j l С ҡ 4 6 Z \ | ~ ȣ ʣ   : < t v * @ B V n ܦ  " B N \ ` r & b r t ȱ j |  . : hG5\hG5CJ\aJ hG6]hGhGCJaJhGCJ aJ O ҡ 6 \ ~ ʣ  < v B ^ ` $d`a$$Pd^P`a$@`$dh^`a$$8]^8`a$$d(^`a$$@8]@^8`a$$P`d(^P``a$  : h ή  0 h 2 ³ X ڵ ܵ D n d Ddddd< d`: B 4 <  j z x < @ t j r $ . n p n * 0 R X X \ & d j h  & t ʿhGCJaJ hG6]hG5CJ\aJhG56CJ\]aJhGCJaJhG5CJ\aJ hG5\hGhG56\]En 6 f J μ l L $d`a$ $d`a$ $d`a$ $d`a$ $d`a$ $dx`a$$dx^`a$d<d j  $ p Z n  vmd`$d]^`a$$( d]( ^`a$ $d`a$ d` $d0`a$$,a$ $d`a$ $d`a$ dx`dd H J X ( F  H 4 h Pd(^P`d`$d^`a$ $d`a$ $d`a$ D$xd]x^`a$h  N t * ` & X t 8 d`d $d`a$d$d^`a$$d^`a$$d^`a$ x$hd^h`a$$hd^h`a$  & 8   . 2 8 J 8 @  Z 4 @   ( f n J X   l x  , J  `  F n      , F V f r     ʿhG5CJ\aJhG56CJ\]aJhGCJaJhG5CJ\aJhG56\] hG5\hGF8 B  \ V n * n    Pd^P(d^(` (d^(` $d(`a$d`$d^`a$ d` 0d   b d F p      s (^(` $dD`a$$a$ $d`a$$d^`a$$Xd]X^`a$ D$@d^@`a$ Pd^P`$@d^@`a$   *   J L ^ `    $ . t ~ @ J   ( 0        ~  X b     0 j        " ^$ t$ $ $ & & & ' ,' 6' ) ) * * b+ l+ R/ ^/ / / 1 61 B2 P2 d3 3 4 4 `4 ۿhG56\]hG5CJ\aJ hG5\hGhGCJaJhG6CJ]aJhG56CJ\]aJK L `  $ t      ,   0 }dd d` (d^(` $d`a$d Pd^P` $d`a$$d^`a$ $d@`a$ $d(`a$0 l   n * & & & Z' ' 2) ) * 1 2 3 Pd^P`$(d^(`a$$(d^(`a$$(d^(`a$ Xd` d`$dh^`a$`4 n4 4 4 4 4 4 4 45 H5 8 "8 l8 p8 > > J> ~> > > > $A &A lA z Dd$d^`a$d` d<`$d^`a$d`d`$d]^`a$ Pd` Pd^P`lA A A $B hB B B C lC C C D `D D D (E jE E E F dF 4I $d`a$ $d`a$ $d`a$ $d`a$4I I I J *J J J J J K DL XL L sld $d`a$ d` $d`a$ (d`$a$ Pd^P`$d|^`a$$d^`a$ $d`a$$d^`a$ L dP P S S T tU U VV XV |V V 8X X \ ` d` d`$d]^`a$ $d`a$$a$$ d] ^`a$$dx^`a$dddP P Q Q \R dR S S U U XV ^V nV |V V X X r\ ~\ $] *] a a a a a a ~b b b b Nc tc |c c c c c c &d *d 0d Rd Bm fm n n t @t dt lt t t hu |u v v .{ 4{ { { } } ^~ ~   F T t z t | ڈ V X ̔ hG5CJ\aJhGCJaJ hG6]hG hG5\V` ~b Nc (d *d Td xe j Bm rr r s s Bt Dt nt "u u (d^(` d` Dddd<d`< d` dd`d`d`d`u Hv v } ^~ 8  Ѓ  r t  j 4  dd <d` P^P`$(d(^(`a$d Pd^P` (d^(`d` (d^(`(d^(` f x  8 | v Δ Д  $d$dN`a$ $d`a$d1&`#$+Dx.(/`'0$`$ &`#$+D.(/`'0$dd`d  ֕ 2 : $ * 6 < & .  N d j D n |   * J X ` z ( j p f l  T  8 r | @ F hG56\]hG5CJ\aJhGCJaJ hG5\ hG6]hGCJ aJ hGO x B ʥ   D | D dd $d`a$d` d` (d`d`Pd`P d<`$dx^`a$$d]^`a$D Z \ p x z &  $d`a$$a$ d` (d`d`<d`<d d > f z  \ v x $d`a$ (d^(`d` d`$a$$a$d d` @ H B H Z b  D L   \ n N n p v " * F N     B ^    ( .  :   t " " $ $ $ $ & & & & ( ) .) 6) 8) n) ) ) * &* (* N* * * * hG5CJ\aJ hG6]hGCJaJhG56\] hG5\hGR ( ( x   L N p x  r h      d $d`a$$a$ (d^(`d` $d`a$$(^(a$d d` <    *! ! ! " # |# # 4$ `$ $ $ p% % % $da$ $da$ $d`a$$d^`a$dddd$d^`a$% & Z& & & & R' ' ' ,( ~( ( ) 8) p) (* d`$d^`a$$d^`a$$d^`a$ d` dd` $da$$da$(* P* J+ + , `- . . . . / 0 (0 00 D0 t0 d $d`a$ $d`a$$a$`$(d^(`a$$a$ $@d^@a$ $@d^@a$d`$d^`a$* 2+ + + + + , , - - 2- ^- - - - . 8. B. Z. \. . . . . . . / / / 0 &0 (0 .0 00 B0 D0 r0 t0 0 n1 x1 2 2 3 3 5 5 `; j; ; ; "< (< &> 4> > > > FC JC C C &D hG5CJ\aJhG5CJ\aJhGCJaJhG56CJ\]aJhG5CJ\aJhG56CJ\]aJhG56\] hG6]hG hG5\>t0 n1 1 82 9 : &; `; ; r< < > > > ,@ C D D 6E G \N ^N d`$d^`a$ d` Pd`dddd&D 0D D D D D D 4E ZJ `J N N BV JV W (W X X X X 8Z [ [ [ "\ 4\ D] P] x] ~] ] ] ] ] 2^ <^ L^ N^ ^ ^ "_ ,_ ._ v_ x_ _ _ _ _ _ 8` :` ` ` ` 4a 6a `a ba a a a a b b b b b hG56CJ\]aJhG6CJ]aJhGCJaJhG5CJ\aJhGCJaJhG5CJ\aJhG56\]hG hG5\C^N N rO >R rR S U Y Y 8Z [ \ \ v] x] ] ] N^ ._ $d`a$$d^`a$ (d`d@`dddd` d` D._ x_ _ :` ` 6a ba a a b b R d   " 2 ~ J b Ғ ~ ʓ  , . hG6]hGCJaJ hG5\hG56\]hGhG5CJ\aJRf f g g `g |i i j m m s $t Vv Xv v dd` Pd^P`$hd^h`a$Pd^P` Pd^P`$d^`a$ d` Xddv F} ~ ~  \ ^ R " P $da$$da$dd d` Dd`$d^`a$d` d`  d    . \ N |  d |$(d]^(`a$$a$d`$d^`a$ $d`a$$d^`a$$d^`a$ (d`$da$$da$. Z Ҕ & L N z ƕ ܕ   b d z  " ʘ ܘ T f  " : F ¢ Ȣ  v . @ b r ¨ Ҩ ڨ  z  ¬ ʬ * , 6 8 @ P ^ ` p r | ʭ ҭ ԭ @ J hG6]hG5CJ\aJhG56\]hGCJaJhG6CJ]aJhG hG5\Nd  h 0 Ο П $ j ¢ > n ~$( d]( ^`a$$` d]` ^`a$$ d] ^`a$@8d]@^8`d` $d`a$ Ddd d`n  J z  J r ڪ  > j }d`$d]^`a$$d^`a$$d^`a$$d^`a$$d^`a$ Pd`$d]^`a$j , 8 ` r ~ ʭ  `  4 ڱ ܱ 0  D$da$ $d<a$ d<`$dx^`a$$d^`a$$d^`a$ $d`a$ d`J ` j į ʯ ̯     " 6 D ` f ԰ 4 > h x ر & . 0 8 V X b   v 6 @ r | ȵ T \ J P и   b , 6   D N 4 : V \ Ҽ hGCJaJhG5CJ\aJhG56\] hG6] hG5\hGR0 X  v 6 r ʵ и  , D (d<^(` $dxa$ d<`$d^`a$$da$$da$ $d<a$$dx^`a$d<$d^`a$D Լ Z \ l 4 L L d`d` d` Pd`$(d^(`a$ $(d^(a$ $(d^(a$ $d(`a$(d^( (d^(Ҽ  " N X \ b v   l     4 > P $ 4 6 L ` L T p z   @ R r ~    ( 4 X b   < F  ( \ hG5CJ\aJhGCJaJhG56\] hG6] hG5\hGRL p  X <  D t T ~ d`d` d` 0ddddx$d^`a$\ f r  : B f v  L r t f n " & N V 2 H    & ( 2 > J  : B T Z \ n 2 hGCJaJhG5CJ\aJhG56\] hG6]hG hG5\R~ " N & ( vod <d`(d^( (d(^($dx^`a$d` d<`$d^`a$ $d`a$$( d]( ^`a$ $dh`a$ : T  4 \ f \ vk dP`$ d] ^`a$$d^`a$ $,d`,a$ $,d@`,a$ $,d@(`,a$d( $dT`a$ d<`$d^`a$d 2 8 ~  2 4 < > ^  P Z \ l  R d f n   \ J ^   $ ^ f h | * 6 f R D Z $ t |  2 X ` hG6]hG56\]hG hG5\Z\ J  x@d]@^` d<`$d^`a$d`d $d`a$ 0$d^`a$(dP^(`$dx]^`a$  z Z * p ` d ddd $d`a$$`a$`$Xd]X^`a$ Pd`$a$d`     x z X Z ( * : * 4   Z   4 : L R   h r  (       " (       ( 4 J P  hG56\] hG5\hG56CJ\]aJhG5CJ\aJhG56CJ\]aJhGhGCJaJhG5CJ\aJFd Z  J h  (d^(`(d^(` (d^(` d` 0d`$d^`a$ $dP`a$$dx^`a$ B   " * ~   2   .     l $0d^0`a$d`d$d^`a$ d`$a$$a$d        F R             : F   f t    : < B N R X l z | &" 6" " " " " # # & & `' t' ( ( ) ) 4+ D+ F+ T+ r+ |+ + + 5 5 5 º hG6]hGCJaJhG6CJ]aJhGCJaJhG5CJ\aJhG5CJ\aJhG56\]hG hG5\Fl     P R `    < P R yrr$a$$d,]^`a$$xdP^x`a$$dT^`a$$0d]^0`a$$dx^`a$1D&`#$+Dx.(/P0$$0d^0`a$ R | ! " &" # $ t% @& & "' ' {o $d`a$$d^`a$dddP$dx^`a$d`$d^`a$ $d`a$ d` $d`a$ <d` ' ' ( ( + F+ ~+ + + R4 b4 5 5 n6 6 ; (d^(` (d^(`d` $d(`a$ d` 0ddP$dx^`a$ $d`a$ $d`a$5 5 6 6 9 9 ; ; F; L; ; ; ; ; R< X< v< < < < < < 8> <> A A A A G H L L M M hM pM rM M M N 6N RN nN N N N N N O O 2O DO NO bO rO ~O O O P P jP zP P P P P P P Q Q PQ XQ Q Q Q Q Q Q `R jR R hG: hG6]hG56\]hGCJaJhG5CJ\aJhG hG5\P; < < < A rA A @C E G ,M .M rM M N N Pd]^P`$d^`a$ d`d`d$d^`a$ d` (d` (d^(`N 2O P P Q `R lR HS S S S tV yyla d` dd`$hdh^h`a$$d]^`a$$ddx]^`da$$d]^`a$$d^`da$$dd]^`da$xd]^x` R R R R R R R R R (S >S FS rS S S S S S S S T T tV ~V a Da a a b b Hd Ld ~d d de je e e 4f vf f f Zg g g g h h h h .h Fh bh th xh hG56\]hGCJaJhG5CJ\aJhG hG5\RtV W X X Y j[ \ ] ^ V_ X_ _ _ ` >` zz$(dd^(`da$ $d`a$ 0dd`$Pd]^P`a$$XPd]X^P`a$$xPd]x^P`a$$d^`a$d>` j` ` ` a >a |a a a *b lb b b c :c jc c c d Hd ~d `e f (d^(`$xd^x`a$$(dd^(`da$$(dd^(`da$f f g g bh vh xh h h i Ti pi l wl d<` $d`a$$d]^`a$ $d,`a$$  d] ^ `a$ ]^$a$Pd^P$d^`a$d` (d^(` xh h h h h i i Ri Ti ni i i j j j k "k Zk k k k k l 0l Vm `m m m n 2n o o 4p @p p p 8q lq q q q q q q t (t du pu v v (w 0w ^w w w w w w x "x bx jx y y z z z { { "{ ,{ { { { | | hGCJ aJ hG56\] hG6] hG5\hG5CJ\aJhGhG6CJ]aJK l Vm m pn p q q q s t Pt t 4v (w w bx d<d$xd]x^`a$$@d]@^`a$ d] ^`$dx^`a$d Dd` d<`bx y y z z z z { { { "{ Z{ ~~l$d^`a$$d$dN`a$d(&`#$+D.(/P0$`$ d] ^`a$$xd]x^`a$$Xd]X^`a$$ d<]^` a$ Z{ { | >| | ~ ~ ܄ " m$xpd]x^p`a$ 0$ d] ^`a$$(|d^(`|a$$ d] ^`a$ d<`$d^`a$$Hd^H`a$Hd]^H` | <| >| N| | | ~ ~ ~ ~ ~    ހ " & n ~ ڄ ܄   N R d n    X f Ĉ Ȍ . 8 @ J ̍ ܍ ֑ ( 4 R b ȓ ؓ  " 4 $ hG5CJ\aJ hG6] hG5\hG56\]hGCJaJhG5CJ\aJhGhGCJaJK F |   ލ Ȏ n Z ؑ ( $( d<]( ^`a$ $d@`a$ $da$$da$ $d<a$$dx^`a$$d^`a$$d^`a$ ȓ Z ܖ $ f . n$` d]` ^`a$$dx^`a$d( $d`a$$@d]@^`a$d`$@d]@^`a$  d`$( d<]( ^`a$ $ 4  X z  @ d    , ` p ԛ . 6 8 B : ^ ` f v ʝ ̝    * , < > H J Z \ v x ƞ Ȟ ܞ  H d x ̟ Ο < P ܠ d hG5CJ\aJ hG6]hG56\]hG hG5\V   8 " : ` ̝ ~ $d`a$ $d`a$ $d`a$$a$$pd^p`a$$Hd^H`a$$( Hd]( ^H`a$ D$@d^@`a$ ̝   , > J \ x Ȟ H x < z ܠ d`d` d` d` $d@`a$ $<^a$$d^`a$$d^`a$ܠ d l n ģ | ~ z   V Ұ ԰ xd^x` Pdd^P`d $d`a$ Pd^P`d` Pd^P`(d^(`  d`d`d l z ء $ 2 T n t ģ أ  2 @ B T ~ | ~ ȧ ا ( .  z ʩ ک   z ̫ ҫ  $ Z d ʬ * ȭ b r ֯  V n ~   hG5CJ\aJhG56\] hG6]hGCJaJhG5CJ\aJhG hG5\K԰  v n J Ĵ j 6 & H $d`a$ $d`a$$a$dd` $d`a$$da$ $d`a$ $d`a$ D N t v ı  l n z H J Z ´ Ĵ Դ  : h j v  4 6 @ L | ȶ L \ $ & F H X Z d f t v ܺ  $ T Z l , B ļhGCJaJhG5CJ\aJ hG5\hG5CJ\aJhGCJaJhGhG5CJ\aJhGCJaJJH Z f v  R T h , h h dddd Xd<]X d`  d`d<dP $d`a$$d^`a$B h v R f   2 ` h   @ N  * 0  , 6 J T : L  &  8 > P R Z t v $ & F H hG5CJ\aJhGCJaJ hG6]hG56\] hG5\hGR R 4 6 j   > n X 4 Z | , $d^`a$ ld`lld`ld` d` 0dd, J p : N & R r$Hd(^H`a$$Hd^H`a$$]^`a$$a$$xd]x^`a$$(d^(`a$(dP^(` $da$$da$ $da$ R v & H @ v J L $]^`a$$ ]^ `a$ $d`a$$Hd(^H`a$$Hd^H`a$$d^`a$$Hd^H`a$H > @ t v H f n v x  2 4 0 2 b d      P V h p  $ & , < > ` b   L N hG5CJ\aJhG56\] hG5\hG5CJ\aJhGhGCJaJML x  4 2 d  s$4]^`4a$$4d^`4a$$` P]` ^P`a$ $d`a$<`$X ]X^ `a$$hd^h`a$$ d^ `a$$a$ D   & > b   N j ~ xx $d`a$  d`$d]^`a$$(d^(`a$$a$(`$4d(^`4a$$4d^`4a$$4]^`4a$ N h j | ~ 2  & , ` r t |   & Z n p ` r & 2 4 F  ` 2 H x ~  X `   l & 2 b hG6]hG56\] hG5\hGhG5CJ\aJV~ `  Z p ` 4 ddd<$dx]`a$ $d`a$ $da$$da$$da$ $dxa$$dd^`a$ 2 ~  & 6 $(dx^(`a$ $d`a$d` d<`d<$da$$da$ $d`a$ Xd@`ddb j t  4 F "  4 6 H ( : N ^ 4 F    . > P X    & r z 2 D F Z  . 0 D 6 F l z hGCJ aJ hG5CJ\aJhGCJaJ hG6]hG hG5\S6 < ~   xood`&`#$+Dx.(/P0$ (d<^($d^`a$ $d|`a$$dx^`a$dP]^`$dx^`a$ $d`a$d<    & F 0 6 l * >  $d^`a$ $d`a$d$d^`a$dddP$dx^`a$ $d`a$$d$dN`a$ ( * < J h n        \ j      l n  $ , . j l     L r ~   V j       @ T ` l   L ^     d p r N X   J X hG56\]hG5CJ\aJhG5CJ\aJ hG6]hG hG5\Q   n   . l   V   L ~vv$da$ $d(a$d( $d`a$$d]^`a$$d]^`a$ 0$xd]x^`a$ $d,`a$$a$dP L  d J T       T   d] ^` d`P^P$@dx^@`a$ Pd^P` Pd^P`Pd<^P` dP`$da$$da$ R T t v   8 : |  & p    Z f    R T l       6 J ^ j   F V X f     : H   n p |     D h j x   $ . B J L X h       .     P ^  hG56\]hG5CJ\aJ hG5\hG hG6]V  X  : p j L   .    N   dd d<`d<dP d@<`$dx^`a$ dP`$d]^`a$    . B      . N b     @ L b j        . ^ v      : Z \ p    8 ! ! # # $# $ $ $ $ $ $ % % % % & ' F' R' h' r' ' ' 8( D( x( ( ( ( b) r) * * + &+ + , hG5CJ\aJhG6H*]hG5CJ\aJhG56\]hG hG5\Q     . `    \  w(dd^(`$d^`a$ $d`a$$H d]H ^`a$$xd]x^`a$ $d`a$$a$$a$$(a$$d^`a$  B r ! ! ," b" x# # $ $ $ % }$d^`a$  d`xdd^x` $d`a$$xd]^x`a$$d^`a$$d^`a$$d^`a$ % r% F' ( ) b) j* + + + ue$p<d^p`<a$$Hd<]^H`a$$d<^`a$d<$dx^`a$$ d<] ^`a$ d<`$`d]^``a$$`d]^``a$ + &, Z, , 6- b- - - - - - x. . . x$p d^p` a$$p d^p` a$$Hd]^H`a$$a$$Hd]^H`a$$xH<d]x^H`<a$$p<d^p`<a$$p<d^p`<a$ , 6- :- - - - - . . . . / &/ `/ h/ 0 $0 0 0 1 1 1 1 D2 T2 t2 z2 3 3 x4 4 4 4 5 5 6 6 *6 @6 6 6 7 "7 ,7 47 7 7 9 : r; ; L< `< > $> ? ? @ @ @ @ 8@ J@ @ @ @ @ @ A B B &B 4B DG TG K 2K L 6L bL L hG5CJ\aJhGCJaJhG56CJ\]aJhG56\] hG5\hGP. . / 0 1 @1 l1 D2 3 4 6 6 vbb$d]^`a$$( d]( ^`a$ d<`$4d]^`4a$$4d^`4a$$4d^`4a$$Pd<^P`a$$p d^p` a$$p d^p` a$ 6 B6 h6 6 6 L8 8 <: r; < F> n> > xod` d<`$Xhd]X^h`a$$@Pd]@^`Pa$$XdP]X^`a$d$d^`a$ $d`a$ $d`a$  d` > > > ? &? ? `@ b@ @ RA B B C :C lC C C \ d] ] ^ *^ ^^ ^ _ _ qq$pd]^p`a$$ d] ^`a$$dd^`da$$dd^`da$$dx^`a$$d^`a$dd<$x0d]x^`0a$ _ _ _ |` a b c d @e de e e e xxxh$xd^x`a$$ d^ `a$$xdx^x`a$d`(d^( $d`a$$xd]x^`a$$( Xd]( ^X`a$$d^`a$  d` e f f $g Xg g Dh i i j 8k k m m n y$d^`a$$dP]^`a$$dx^`a$ d` Dd<$xd^x`a$$ d^ `a$$Xd]X^`a$ j j j j k k Dl Vl l l Vm ^m `m pm m m m n bn jn p p p p ~r r @s Ls s s t t Bu Vu v v v v w w dz tz ~{ { Z} `} ~ ~ ~        6 : T X ~ ʄ " . 2 8 ֆ ؇ ڇ hG5CJ\aJhG5CJ\aJhGCJaJ hG6] hG5\hGhG56\]Kn lp q r s s s Lt t u v v w $d`a$dP$dx^`a$$d]^`a$  d`$d]^`a$$` d(]` ^`a$(d(^(`d v ,w "z dz { { } ~ P    6 ؀ $d]^`a$$d^`a$ D$d^`a$$da$ $dPa$$Xd]X^`a$$dx^`a$ ؀ Ă D r ؃ ̄  0 d  {{$d^`a$$@d]@^`a$$d]^`a$$d^`a$$d]`a$$d]^`a$$d]^`a$  R ڇ  * f n$dx^`a$ d<` $d`a$$d]^`a$ $d|`a$ $d`a$  d`$a$$d^`a$$d^`a$   ( * d f h n  H X ^     B R š . > ž 6 : v |   & ( 8 z   f h Ҥ   $ * 4 N P hGCJaJhGCJ aJ hG5CJ\aJhG56\] hG5\hGhGCJaJL  R &    ` b  h Δ . Z $Pd^P`a$$d^`a$$dx^`a$ d` dd< &  B z  . ž d`&`#$+D.(/P0$$X8d<]X^8`a$ddd<$d^`a$$d]^`a$$Xd]X^`a$ ( h  P ܥ  d u$d(]`a$$d^`a$$`d(^``a$ $d`a$$d^`a$<$$]^`$a$$d$dN`a$d` ڥ ܥ   " b d * , n p 0 2 6 x z ƨ Ԩ X Z f h ܬ ެ 4 6 j l * , 0 2 r t @ B ʱ ̱  ʳ H T hG6]hG5CJ\aJhGhGCJaJhG6CJ]aJTd , p 2 z Z h ª ެ ` X (^(` $d<`a$ Px^P`$d^`a$$`d^``a$$`d(^``a$$d]`a$ެ 6 l , 2 t B ̱  x$X]X^`a$$Xh]X^h`a$$d^`a$$d^`a$$d(^`a$$d^`a$ ޵ b  ܹ xt($@]@^`a$$]^`a$$P]^P`a$$d$dN`a$d`&`#$+Dx.(/P0$$P]^P`a$$d^`a$ ܵ ( 0 ` b   $ f h x  l ¹ ڹ ܹ " $ N P ` b t v ~  & λ  0 @ |    P V X hG5\hG5CJ\aJ hG6]hG6CJ]aJhGCJaJhGCJ aJ hG5CJ\aJhGhG56\]Fܹ $ P b v 0  P X $a$$a$(d^(` d`$(d^(`a$$d^`a$$d^`a$ $d`a$ $d`a$$a$X j   N T  P V  l : L 6 :   : @    N ^ `  ` b * , v x   ( ` hG56\]hGCJaJhG5CJ\aJhG hG5\UX J v p Z Z * & 2 6 z * p $d^`a$$d^`a$$d<]^`a$ddddp  l :    0ddx$X8dx]X^8`a$d$d]^`a$  d`$d^`a$$d^`a$ ` b , x  8  $d^`a$x$@d]@^`a$$hd]^h`a$$8d^8`a$$d^`a$$(d^(`a$ 6 8 |   . : < r t 8 : ~  F H . 0 @     6 : > v | 0 6 hG6] hG5\hGCJ aJ hG56\]hGCJaJhG5CJ\aJhGhG5CJ\aJhGCJaJH < t : H 0   (dx^(`$d^`a$$d^`a$$8d^8`a$$d^`a$  8 : < > v 0 $(d^(`a$$(dx^(`a$$8d(]^8`a$d$<a$d$d$dN`a$d`&`#$+Dx.(/P0$ 0 @ J Z |    0 8 H N P l ( < n , b x    : " ( * > | 0 R f j  , >  " ƸhG56CJ\]aJhG5CJ\aJhGCJaJ hG6]hG56\]hG6CJ]aJ hG5\hGH | B    { $dx`a$ $d<`a$ d` ]^$a$$@\d^@`\a$$@\d^@`\a$$d^`a$ d<`(d<^(`  n  d x  < * 2  $d(`a$ $dP`a$ $d`a$ $d`a$ $dx`a$ $d<`a$d` $d`a$" & 6   8 L R  l p v x 2 6 < h " ( J X v 6 l .28^ <>DFJѻƟѻhGCJ aJ hG56CJ\]aJhG56CJ\]aJhG6CJ]aJhG5CJ\aJhGCJaJhG56>*\]hG hG5\ hG6]hG56\]; n p x 4 6 > " yy $dP`a$m}&`#$+D.(/P0$ d<`m}<&`#$+D.(/P0$ $dP`a$m&`#$+D.(/P0$ d`$a$dY&`#$+D.(/P0$` " * 02:>FHJvv $d`a$E(&`#$+D.(/`'0$$d)h&`#$+D|.(/`'0$`a$1(&`#$+D.(/P0$ $d<`a$m&`#$+D.(/P0$ d<`Y}&`#$+D.(/P0$ JP^B^`fhlr2:\08$,06Fbf>      x    > j   & H \ t   6 B V hG6CJ]aJhGCJaJhGCJ aJ hG6]hG56\]hG hG5\OJR&(`hjltsd1}(&`#$+D.(/P0$` $dP`a$ $d`a$dE<&`#$+D.(/`'0$`$d)|&`#$+D|.(/`'0$`a$ dd`d1(&`#$+D.(/P0$` <>:.0uu $d`a$ $dx`a$ dP`d1}(&`#$+D.(/P0$` $d`a$Y(&`#$+D.(/`'0$$d)&`#$+D|.(/`'0$`a$ $d<`a$ 08 z @ (   $d`a$ $d`a$ $d<`a$ $d`a$ $d`a$$a$ $d<`a$d1}(&`#$+D.(/P0$`V h  .@T Rbhx&ddlnv(0p$^n*: hG6]hGhG56\] hG5\3n2&Pd<^P` $d(`a$ $d<`a$ $d<a$8 00P|. A!"(#$% <Dp50P|. A!"#$% <Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <DpQ00P0A |.!" #$h% P0 `P8Dp50P|. A!"#$% Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <DpQ00P0A |.!" #4$h% P0 Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"0#$% Dp8 00P|. A!"0#$% Dp8 00P|. A!"0#$% <Dp50P|. A!"0#$% <Dp50P|. A!"0#$% Dp8 00P|. A!"0#$% Dp8 00P|. A!"0#$% <Dp50P|. A!"0#$% <Dp50P|. A!"#$% Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp50P|. A!"#$% <Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp80P0A |.!"#H$h% <Dp; 00P0A |.!" #H$h% DpT 000P0A |.!" #H$h% P0 `<DpQ00P0A |.!"| #$h% P0 <Dp80P0A |.!"@ #p$h% Dp; 00P0A |.!"@ #p$h% Dp; 00P0A |.!L"@ #p$h% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp50P|. A!"#$% <DpN0P0A |.!" # $h% P0 8<(Dp80P0A |.!" #\$h% Dp; 00P0A |.!" #\$h% DpT 000P0A |.!" #\$h% P0 `<Dp50P|. A!"0#$% <Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp50P|. A!"#$% <Dp80P0A |.!`'"8 #D$h% <DpQ 00P0A |.!"8 #D$h% P0 8Dp50P|. A!@"D#$% <Dp8 00P|. A!"0#$% Dp8 00P|. A!"0#$% <Dp50P|. A!"0#$% <Dp50P|. A!@"#$% <Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"##$% <Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!T"#$% <Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!|"#$% <Dp8 00P|. A!"h#$% Dp8 00P|. A!"h#$% <Dp50P|. A!"#$% <Dp8 00P|. A!"h#$% Dp8 00P|. A!"h#$% <Dp50P|. A!,"0#$% <Dp8 00P|. A!"0#$% Dp8 00P|. A!"0#$% <Dp50P|. A!"0#$% <Dp50P|. A!"D#$% <Dp50P|. A!"D#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!T"0#$% <Dp8 00P|. A!"0#$% Dp8 00P|. A!"0#$% <Dp50P|. A!"x#$% <Dp8 00P|. A!"0#$% Dp8 00P|. A!"0#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"|#$% <Dp50P|. A!"l#$% <Dp8 00P|. A!"|#$% Dp8 00P|. A!"|#$% <Dp50P|. A!h"|#$% <Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp50P|. A!"#$% <Dp8 00P|. A!"#$% <Dp50P|. A!"T#$% <Dp8 00P|. A!"T#$% Dp8 00P|. A!"T#$% <Dp50P|. A!"x#$% <Dp8 00P|. A!"T#$% Dp8 00P|. A!"T#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp50P|. A!"@#$% <Dp50P|. A!"#$% <Dp8 00P|. A!"@#$% Dp8 00P|. A!"@#$% <Dp50P|. A!"#$% <Dp50P|. A!"<#$% <Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp50P|. A!"@#$% <Dp50P|. A!"@#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"h#$% <Dp50P|. A!"h#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"h#$% <Dp50P|. A!"h#$% <Dp50P|. A!"d#$% <Dp50P|. A!"d#$% Dp8 00P|. A!"d#$% Dp8 00P|. A!"d#$% <Dp50P|. A!",#$% <Dp50P|. A!",#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"p#$% <Dp50P|. A!"p#$% <Dp50P|. A!"0#$% <Dp50P|. A!"0#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp50P|. A!"`#$% <Dp50P|. A!"`#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"0#$% <Dp50P|. A!"0#$% <Dp50P|. A!"h#$% <Dp50P|. A!"h#$% <Dp50P|. A!"@#$% <Dp50P|. A!"@#$% <Dp50P|. A!"X#$% <Dp50P|. A!"(#$% <Dp8 00P|. A!"X#$% Dp8 00P|. A!"X#$% <Dp50P|. A!"#$% <Dp8 00P|. A!"#$% Dp8 00P|. A!"`#$% <Dp50P|. A!"#$% <Dp50P|. A!"|#$% <Dp50P|. A!"h#$% <Dp8 00P|. A!"|#$% Dp8 00P|. A!"|#$% <Dp50P|. A!"P#$% <Dp50P|. A!"#$% <Dp8 00P|. A!"P#$% <Dp50P|. A!",#$% <Dp50P|. A!",#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp50P|. A!"#$% <Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp50P|. A!"#$% <Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp50P|. A!"0#$% <Dp50P|. A!"0#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"|#$% <Dp50P|. A!"|#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"|#$% <Dp50P|. A!"|#$% <Dp50P|. A!"@#$% <Dp50P|. A!"#$% <Dp8 00P|. A!"@#$% <Dp50P|. A!"T#$% <Dp50P|. A!"T#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!",#$% <Dp50P|. A!",#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!`"#$% <Dp8 00P|. A!"h#$% Dp8 00P|. A!"h#$% <Dp50P|. A!"h#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"0#$% <Dp50P|. A!"0#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"|#$% <Dp50P|. A!"|#$% <Dp50P|. A!",#$% <Dp50P|. A!",#$% <Dp50P|. A!"#$% <Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"<#$% <Dp50P|. A!"<#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!`"0#$% <Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!`"#$% <Dp8 00P|. A!"h#$% Dp8 00P|. A!"h#$% <Dp50P|. A!"h#$% <Dp50P|. A!"T#$% <Dp50P|. A!"T#$% <Dp50P|. A!`"l#$% <Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp50P|. A!"#$% <Dp50P|. A!"#$% <Dp8 00P|. A!"l#$% <Dp8 00P|. A!"$#$% <Dp8 00P|. A!",#$% <Dp8 00P|. A!"#$% <Dp8 00P|. A!"#$% <Dp8 00P|. A!"#$% <Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp8 00P|. A!"#$% Dp8 00P|. A!"(#$% <Dp8 00P|. A!"#$% <Dp8 00P|. A!"#$% Dp8 00P|. A!"#$% <Dp8 00P|. A!"#$% <Dp8 00P|. A!"#$% <Dp50P|. A!"#$% <Dp^ 666666666vvvvvvvvv666666>6666666666666666666666666666666666666666666666666hH6666666666666666666666666666666666666666666666666666666666666666662 0@P`p2( 0@P`p 0@P`p 0@P`p 0@P`p 0@P`p 0@P`p8XV~_HmHnHsHtHb`b 1KG=K9"$d@1$7$8$H$`a$CJ_HaJmHsHtHBA B A=>2=>9 H@8DB 0170F0\i\ 01KG=0O B01;8F0 :V 44 la .k . 0 5B A?8A:0 PoPFR1$1$7$8$H$a$_HaJmHnHsHtHuXoX FR2P1$7$8$H$^P5CJ(\_HaJ(mHsHtHbob FR3$$1$7$8$H$]^a$5CJ$\_HaJ$mHsHtH^o"^ FR4$1$7$8$H$a$*6CJOJQJ]^J_HaJmHsHtH^o2^ FR5$1$7$8$H$a$*5CJOJQJ\^J_HaJmHsHtHPK![Content_Types].xmlj0Eжr(΢Iw},-j4 wP-t#bΙ{UTU^hd}㨫)*1P' ^W0)T9<l#$yi};~@(Hu* Dנz/0ǰ $ X3aZ,D0j~3߶b~i>3\`?/[G\!-Rk.sԻ..a濭?PK!֧6 _rels/.relsj0 }Q%v/C/}(h"O = C?hv=Ʌ%[xp{۵_Pѣ<1H0ORBdJE4b$q_6LR7`0̞O,En7Lib/SeеPK!kytheme/theme/themeManager.xml M @}w7c(EbˮCAǠҟ7՛K Y, e.|,H,lxɴIsQ}#Ր ֵ+!,^$j=GW)E+& 8PK!Ƶtheme/theme/theme1.xmlYnE#;8U i-qN3'JH DA\8 R>CW]{'ސ{g?x݈]"$q+_,y>8{7 K }xLވHe 2{Rܜaˋ??<ߟdžSr$L].<İT̟72S"ѵ_JwL&BJ05kZVyVy|xC OO|x>+<>@(:??/>5{yxFDdm 3^q5'=q6nib-$RB}}YGq=xK@;)^qbha79g . pUʹ;bbmc[$c'a}5KKfH5HL!ݦ&|mK{N6M6hq v|y 58+zH  *~ HHy\K*t@G>{sA}"))y sGfۡqǾ'w E1 [8>ܤ4Aбt׎~ls14_>,Ȭ7TT GqME=w-i>mo[oiBszbP:j5if F 9Pɉ* k\ A ;!N`.{I SցD p3˅5veU}AbvyA/g 氚 Z N+lR~aeԩj9&&CLgMʼn7a A0ƀHEA3~{q q1vƨl効9)>൜fN1N FIrdq8Y^:_73.|3 f%Jش?MOY s 3;} Rc0`d[鯠$ÿ - έhǴ"P 6T{TUٴ+9E28Y*MOt0O9Bݍqg7Ŕ9O)z?7#]u rBIHAאTpl>՟,SpT4@~BA%}'0+{eRF&rĪ#uu\{BHuM6`pG}N+!'_oN콶3a3dXZzCyCUɪ嶂ZZZ۱f,fAg-@`g v6V?Dhf6t=M&ʺ6ײ'݉#֚>d8s9xN=ڮjAv11;u2%M2oN1uo%տPK! ѐ'theme/theme/_rels/themeManager.xml.relsM 0wooӺ&݈Э5 6?$Q ,.aic21h:qm@RN;d`o7gK(M&$R(.1r'JЊT8V"AȻHu}|$b{P8g/]QAsم(#L[PK-![Content_Types].xmlPK-!֧6 +_rels/.relsPK-!kytheme/theme/themeManager.xmlPK-!Ƶtheme/theme/theme1.xmlPK-! ѐ' theme/theme/_rels/themeManager.xml.relsPK] C `)Y!)))1f9gA2JRZ`knkpkCt#}1}3}c)ku%'bprOX m o O"""p1116)<-<EIZI\IPW2W4W\bjjjrzkשjEǷMOu(JL= Kv"1"3")B)D).555=DDDKRRRX\aiiiq9y|EΒZv Ҳ'e@    s$).;27@;}?CGGGMRWr[_e]mfuR}f9lnĥ֥إܬDZж ;o(>@5RTQ %%2-2D:KAG`L,RY"a:ihqqqJy=ȒӚ<سFP/,/w. uY#+1)2)7<SEMPV<[_vdddiFpu7xj*&ԞuzE 1]vxap fS$$8%%&r&'''(6(p((()*}*1  : q    S    / i    H    @ z   " \    ;    3 m    O    1 k    P   6 p   ! X    :    W    9 s   7 q    S    2 l    K    * a    F    + b    > u    W    9 p    R    4 k    J    / f    K    - d    F    ( b    A x   # Z    6 m     I     %  \      >  u      Q     3  j     F }   " Y    ; r    N    * a    @ z   % \    > u    T    6 m    R    1 h    J    & ]    9 p    L    . e    A x     T     0! g! ! ! " C" z" " " # V# # # # 2$ l$ $ $ % H% % % % $& [& & & ' =' t' ' ' ( P( ( ( ( ,) c) ) ) * E* |* * * !+ X+ + + + 4, k, , , - G- - - - ). c. . . / B/ y/ / / $0 [0 0 0 1 C1 }1 1 1 +2 e2 2 2 3 M3 3 3z/ȓhL'P7Hbwv   2P1THd܆.T'J^p<Q{"rH 1TV36A]r֜.P ! 2 0E PL f | :  `4 dP * &D b . J Ҽ \ 2  5 R xh | $ d B H N b  , L j X " JV !(,17;BHLRUY^bgknqtxz}"',/147;@CGJOTY\adglpty{~X n n/EZPoxpd #8Gcl4LhxĶ|HXr<x, "l'D.z15J: C$GJLWbjTqvuy2jtēV$d0B  F^ f(|.3.@C8GIMQ"Yagztxt f"мD|0&d.~4>jCfLPY0\ap4~ʻDbHT-<>CxM`QLXh{xL@.lD\'4N4@ \L#&)-1`489XAFRUJ_2ivmr"}j̸ ~    H$ R) 2 ,9 6A *E XJ Q .T Z 6_ Pl o y D & 6 n h 8  0 3 lA 4I L ` u   D  % (* t0 ^N ._ f v d n j 0 D L ~ \ d  l R ' ; N tV >` f l bx Z{ ̝ ܠ ԰ H , R L  ~ 6   L    % + . 6 > D I `O :Y _ e n v ؀  d ެ ܹ X p    " J0 "#$%&')*+-./02345689:<=>?@ACDEFGIJKMNOPQSTVWXZ[\]_`acdefhijlmoprsuvwy{|~    !#$%&()*+-.0235689:<=>?ABDEFHIKLMNPQRSUVWXZ[]^_`bcefhijkmnoqrsuvwxz|}8@0(  B S  ?"9A3Eg t flTf<> 00::::=!=@@%A,ADD,UOUnWtWvWyW|bbccNkVkqq{{}}т  :܊9N cj~Viۭ,6Lvk(IF`5`G#9EMRm)+k    ) V c (dCs6666; <NNPPUUVWXX[[\\`aHbebbbiijjbp~pFrgry1yzzz%{}D}!GЃ3S<IOprx~̏z7ףRei(bjGd1:11df3Et{  q s 3456I29 #%(()))u) - -/02288d911pr(+11GW11@" WZ`c #Fl| {1hhhhhhh4h6hDhhhhhhh h$hNhhhhhhhhhhhhhh$hhhUnknownG*Ax Times New Roman5Symbol3. *Cx ArialA. Arial Narrow?= *Cx Courier NewA$BCambria Math"hua&K E*> E*> !xx..2HP $PW2!xx85@59 8<8B@891Oh+'0  0 < H T`hpx Normal13Microsoft Office Word@d@@0@E՜.+,0 hp   > *.     !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !#$%&'()*+,-./0123456789:;<=>?@ABCDEFHIJKLMNPQRSTUViRoot Entry FrkData 1Table"*IWordDocument3SummaryInformation(GDocumentSummaryInformation8OCompObjy  F' Microsoft Office Word 97-2003 MSWordDocWord.Document.89q