`4TG 47 0%VTKVK `6GCV 47 G4%TGGV

O`' . '0).'
CNAGJPAC (GNQBE,PAE BCB 7PAJKABQS CP WAK 'DAKHGS 7
0O '0]0
GJPNN 7PAJKABQS B,CECS Y 1GJMS 7
47
.O'0`' OaaOa
PBJPCBAGPCN GGF (GNAEQ KCJE, PKBABWBS CK,APBGP S 7
4::IP 7 `4TG K VJG CTXKK K VJG J%GJ?7 47 VJG 6%KV 9 VKG 4VVG
VK 47 %CCTV V GGV VJG CJK64? GV4? 47 6K4? GG7 9 VJG ITKI 6JK?7 47
VJGT J%GJ?7 G5GT JG KIK646G 9 64TG J4 5GV 5GG 4TVK6%?4VG7 K VJG
9T4GT/ 7GXG?CG7 5 VJG KVG7 04VK `JK?7TGD (%7 E0`'(F JK C4CGT
GVG7 VJG 0`'( 7G? 9 64TG 47 %4TKMG VJG ?KVGT4V%TG VJG TG?4VKJKC 9
64TG CT46VK6G 47 TG%T6G V 6JK?7 %VTKVK JG C4CGT 4? %4TKMG 4VVGCV V
G4%TG VJG X4TK% 7KGK 9 64TG JG 66GCV 9 64TG K GVG7G7 K V 7KTG6
VK TV G 7GG TG%T6G GG7G7 5 VJG 64TGIKXGT 9T 64TG 47 G67 G J
VJ4V VJG 6JK?7D 6J4T46VGTKVK6 C?4 4 T?G K VJG /K7 9 64TG VJ4V JG T JG TG6GKXG
JG ?KVGT4V%TG %4T 47 GVJ7?IK64? TG6G74VK 4TG 47G 9T K VCG 9
TG%T6G 9T 64TG 47 9T V 9 VJG ?G4V V%7KG7 64TG CT46VK6G 6C?GGV4T 9GG7KI
47 C6J6K4? 64TG JG VJGT 64TG CT46VK6G 4TG 64TG 9T G 5TG4V9GG7KI 97
CTGC4T4VK JIKGG 47 JG JG4?VJ CT46VK6G (GG7KI CT46VK6G VJ4V 4G6V 4 6JK?7D
%VTKVK4? V4V% K6?%7G 474CV4VK 9 9GG7KI V VJG 6JK?7D 45K?KVKG EGTKI IGT
97 9T G4C?GF TGCKXGG 9 VJG 64TGIKXGT V VJG 6JK?7 ECGTJ4C GTKI
477KVK4? T 7KGTGV 97F 47 G?G6VK 9 4 4CCTCTK4VG 9GG7KI 6VGV
6J6K4? 64TG K VJG CTXKK 9 4G6VK 47 4VVGVK V VJG 6JK?7 47 TGC
KXGG V VJG 6JK?7D 6%G V K6?%7G CJK64? XK%4? 47 XGT54? KVGT46VK

N 0]a`]0
`4TG K VJG CTXKK K VJG J%GJ?7 47
VJG 6%KV 9 VKG 4VVGVK 47 %CCTV
V GGV VJG CJK64? GV4? 47 6K4? GG7
9 VJG ITKI 6JK?7 47 VJGT J%GJ?7
G5GT E`0 N**1F `4TG K 4K9GV K K
VCG 9 46VKXKVKG CT46VK6G7 5 64TGIKXGT
EVCK64?? GFN E4F 64TG 9T G %6J 4
CTXK7KI 4CCTCTK4VG TGV VKG T K6TG4G7
97 KV4/G 7%TKI CTGI46 E5F 5TG4V9GG7
KI 47 9GG7KI 9 %I 6JK?7TG E6F C6J
6K4? VK%?4VK 9 6JK?7TG 47 %CCTV 9T

VJGKT 7GXG?CGV E7F 97 CTGC4T4VK 47

97 VT4IG CT46VK6G EGF JIKGG CT46VK6G
47 E9F 64TG 9T 6JK?7TG 7%TKI K??G K6?%7
KI 7K4IK 9 K??G 47 47CVK 9 JG4?VJ
GG/KI CT46VK6G EJG JG4?VJ CT46VK6GF
E'I?G .JV/4 47 OTVTI N**cF
JGVJGT VJK 64TG K CTXK7G7 7GCG7 VJG
4X4K?45K?KV 9 VJG TG%T6G 9T 64TG 4V VJG
J%GJ?7 ?GXG? G7%64VK 47 /?G7IG
CJK64? 47 GV4? JG4?VJ 9 VJG 64TGIKXGT
VKG 4%V 47 6K4? %CCTV 4 G?? 4

94K? G6K6 TG%T6G V 4? 7GCG7

JGVJGT CTXKK 9 64TG TG6GKXG %CCTV 4V
6%KV TGIK4? 4VK4? 47 KVGT4
VK4? ?GXG? 4?VJ%IJ VJGG VCK6 K?? V 5G
CG6K64?? 477TGG7 JGTG
O?VJ%IJ 4 TGG4T6JGT XGT VJG C4V
G4T J4XG GCJ4KMG7 VJG KCTV46G 9
5GJ4XKT4? 946VT 9T 47GS%4VG 6JK?7 ITVJ
%7GT 67KVK 9 CXGTV 47 97
6VT4KV EGI K 4?%66K 47 TTK
N*c1F TG6GV? VJGTG J4XG 5GG 4VVGCV V
4G VJG 46V%4? 5GJ4XKT 9 CTXK7KI 64TG
47 VJGKT ?K/ V 4?%VTKVK E`0 N**1
0`'( N**F
O 4 44?VK64? 6VT%6V 64TG K VK?? G V
4 %VK7G VJG G?7 9 %VTKVK JG KIJV
4/ J4V 64TG K 47 J K KV KCTV4V (T
VJG J 4TG 94K?K4T KVJ VJG 6VT%6V 64TG
K GJ4V CT5?G4VK6 9T VJG G4%TG
GV CKV 9 XKG C4TVK6%?4T? K6G VJG
66GCV 9 64TG K T4CK7? GX?XKI JG KIJV
4/ J VJG 7KGK 9 64TG 4TG KVTG7
9T CTIT44VK6 47 44?VK6 C%TCG JG
I4? 9 VJK C4CGT K V CTXK7G 4 GG6VKXG
KVT7%6VK 9 64TG V VJG 9TGT IT%C 47 4
%G9%? %4T 9 4VVGCV V 7GXG?C K7K64
VT 9 64TG 9T VJG ?4VVGT IT%C
1 ' `]0`' ]( `O'
0`'( EN**F TKIK4? 66GCV%4? 7G?
%IIGVG7 VJ4V 6JK?7 %TXKX4? ITVJ 47

7GXG?CGV 4TG K%G6G7 5 VJTGG %7GT?KI

946VT 97 G6%TKV JG4?VJ 64TG 47 4 JG4?VJ
GXKTGV 47 64TG JG XG? 4CG6V 9 VJK
7G? 4 VJG K6?%K 9 64TG 4 4 GC?4
4VT 946VT VJG GV XG G4T GTV GTG
47G V 7GG 64TG `%TTGV? 64TG K 7GG7 4
VJG CT46VK6G 9 64TGIKXGT VJ4V 4G6V %VTKGV
KV4/G JG4?VJ 47 VJG 6IKVKXG 47 C6J
6K4? 7GXG?CGV 9 VJG 6JK?71
T7GT V CGT9T 64TG CT46VK6G VJG 64TG
IKXGT GG7 %Y6KGV G7%64VK VKG 47
%CCTV JG CTXKK 9 VJGG TG%T6G 5
94K? T 6KGV 64 5G 6K7GTG7 64TG 9T VJG
64TGIKXGT E, N**RF (KI%TG N VJG 64TG
CT46VK6G 4TG CG6KG7 47 TG%T6G 9T 64TG
4TG K6?%7G7 K 4LT 64VGITKG 9 TG%T6G
GTG K7GVKG7 9T VJG ?KVGT4V%TG 4CCTCTK4VG
G7%64VK /?G7IG 47 5G?KG9 JG4?VJ 47
I7 %VTKVK4? V4V% GV4? JG4?VJ ?46/ 9
VTG 47 G?967G6G 4%V 6VT?
9 TG%T6G 47 6VT? 9 KVT4J%GJ?7
4??64VK TG445?G T/?47 47 47GS%4VG
VKG 4X4K?45?G 47 6K4? %CCTV 9T 94K?
G5GT 47 VJG 6%KV
'7%64VK /?G7IG 47 5G?KG9 TGCTGGV
VJG 64C46KV 9 VJG 64TGIKXGT V CTXK7G
4CCTCTK4VG 64TG JG CJK64? 47 GV4?
JG4?VJ EK6?%7KI G?967G6G 47 ?46/ 9
VTG 47 7GCTGKF 9 VJG 64TGIKXGT TGCTGGV
K7KXK7%4? 946VT VJ4V 946K?KV4VG VJG VT4?4VK
9 64C46KV V 5GJ4XKT (K4?? 4%V
T/?47 47 6K4? %CCTV 4TG 946K?KV4VKI
67KVK K VJG 94K? 47 6%KV G

(KI%TG N 7bK EGPEHBWCN JCOYGJMa CJ GJ PWBJABAGP cGWJEa PNS ,GBKMC CPF JOKBJGPS VVZU

9 VJGG TG%T6G 64VGITKG J4XG 5GG KXGVK

I4VG7 GVGKXG? JGTG4 VJGT J4XG 5GG
KXGVKI4VG7 CTK4TK? K 7GXG?CG7 6%VTKG T
44KV 9%TVJGT KXGVKI4VK
E4F , BJCPKCEBAGPCN OGFN G ECJ
JG 0`'( 7G? K 4 %G9%? 9T4GT/
9T 4GKI VJG 64C46KV 47 45K?KV 9 VJG
64TGIKXGT 47 94K? V CTXK7G 64TG O 7G?
9 6JK?7 64TG JGXGT J%?7 4G V ?
VJG 64TGIKXGTD 5GJ4XKT 5%V 4? VJG 5GJ4XKT
9 VJG 6JK?7 47 VJG 6J4T46VGTKVK6 9 VJG 6JK?7D
GXKTGV O?? VJTGG 9 VJGG 946VT C?4 4
KIK64V T?G K VJG GXGV%4? %VTKVK4? V4V%
9 VJG 6JK?7 E?46/ B CN N**QF
(T VJG C4V 1R G4T C6J?IKV J4XG
76%GVG7 VJG KIK64V T?G VJ4V 6JK?7TG
C?4 K 7GVGTKKI VJG 64TG VJ4V VJG TG6GKXG
EG?? N*cNF aKGTG6G 5GVGG 6JK?7TG %6J
4 G7G7 JG4?VJKG CGT6GKXG7 X%?GT45K?
KV CGT6GKXG7 GKIJV 47 GXG CJK64?
4VVT46VKXGG 4G6V VJG CT46VK6G 9 VJGKT
64TGIKXGT JG VT446VK4? 7G? 9 64TG
4TI%G VJ4V VJG TG%?V T GG6V 9 4 6JK?7D
G7GV 64TG 4TG 4 9%6VK 9 4 ?I
GTKG 9 %V%4? KVGT46VK T VT446VK
5GVGG VJG 7GXG?CKI 6JK?7 47 VJG 64TGIKXGT
47 VJ4V VJGG KVGT46VK 4TG 6V4V?
6J4IKI KVJ VJG 6J4IKI 7GXG?CGV4?
V4V% 9 VJG 6JK?7 E4GT N*$*F OV VJG
JG4TV 9 VJG CT6G K VJG TG?4VKJKC 5GVGG
VJG 6JK?7 47 VJG 64TGIKXGT ET 64TGIKXGTF JK
CEBA T GVK4? TG?4VKJKC K 4 %KS%G
47 ?K9G?I 57 5GVGG V J%4 64??G7
4 4VV46JGV EOKTVJ B CN N*c$F T5
?G K VJK GVK4? TG?4VKJKC 64
6VTK5%VG V 6JK?7 4?%VTKVK T K?? JG4?VJ T
4 TG%?V K 4VV46JGV CT5?G (T
G4C?G 4?GM%G?4 EN**F 9%7 VJ4V K `JK?G
6JK?7TG J GTG %7GT%TKJG7 GTG 94T ?G
?K/G? V 5G G6%TG? 4VV46JG7 V 4 64TGIKXGT
VJ%IJ VJK 46K4VK 6%?7 V 5G KVGTCTGVG7
4 64%4?KV JG JG4?VJ 7GXG?CGV 9 4
6JK?7 J4 5GG 9%7 V 7GCG7 VJG 7GXG?
CGV 9 4 G6%TG 4VV46JGV T 4 6?G 57
KVJ 4V ?G4V G 64TGIKXGT 7%TKI K946 9T
J VJG 6JK?7 TG6GKXG7 45%74V CKVKXG
4VVGVK EGTGT N**F
O 6TKVK64? 4CG6V K VJG 7GXG?CGV 9
4VV46JGV 47 VJG S%4?KV 9 64TG GG V 5G
TGCKXGG V VJG 6JK?7D 6%G XGT54?KM4
VK 47 KI4? EGG 9T G4C?G TVGK
N**NF GCKXGG 7G V G4 VJ4V VJG
64TGIKXGT 4?4 IKXG VJG 6JK?7 J4V K
TGS%GVG7 5%V VJ4V VJG 64TGIKXGTD TGCG

V4/G VJG 6JK?7D GG7 47 7GXG?CGV4? ?GXG?

KV 466%V 0V 466G7KI V K4CCTCTK4VG
7G47 5 46VKXG 47 G??%TKJG7 6JK?7TG
K 4 KCTV4V C4TV 9 4 64TGIKXGTD TGC
KXGG %4?? 4 CKVKXG GVK4? E4G6
VKXGF TG?4VKJKC 5GVGG 64TGIKXGT 47 6JK?7
K?? 5G TGG6VG7 K 4T 47 TGCKXG 64TG
IKXKI CT46VK6G %V VJG ?GVJ4TIK6 T %TG
CKXG 6JK?7 K?? J4XG 4 J4T7GT VKG
VK%?4VKI 4 64TGIKXGTD TGCKXGG
J% VJG 7G? 9 64TG %V K6?%7G VJG
KVGTTG?4VKJKC 5GVGG 6JK?7 47 64TGIKXGT
0V ? 7 64TGIKXGT 5GJ4XKT K%G6G 6JK?7
%TXKX4? 47 7GXG?CGV 5%V 4CG6V 47
S%4?KVKG 9 VJG 6JK?7 K%G6G 64TGIKXGT 7G6K
K 47 KXGVGV K VJGKT 6JK?7TG JGG
TG?4VKJKC 4TG K??%VT4VG7 VJT%IJ%V VJG
C4CGT
E5F , OCKWJOPB G ECJ
JGTG K 4 4V%T4? CTITGK K TGG4T6J
9T 4 KKVK4? 7GKVK 9 TG?GX4V 6VT%6VQ
V VJG 7GXG?CGV 9 X4?K7 47 4CCTCTK4VG
G4%TGGV V? 47 V VJG 7GKVK 9
?GXG? 9 4 K7K64VT VJ4V KI4? TK/ 46T
6%?V%T4? 6VGV JK CT6G J4 66%TTG7 9T
ITVJ 47 K K CT6G 9T VJGT %VTKVK
TG?4VG7 G4%TG %6J 4 J%GJ?7 97 G6%
TKV JK CT6G K 5GIKKI 9T 64TG JK
C4CGT K 7GKI 6VT%6V 47 %IIGVKI
G4%TGGV V? O?VJ%IJ VJGTG J4 5GG
6K7GT45?G CTITG K K7%VTK4?KMG7 6%
VTKG K 7GKI 6VT%6V 47 G4%TGGV
V? 9T C6J6K4? 64TG T S%4?KV 9 VJG
GXKTGV EGI 46J 47 6`45G N**$F
KK?4T CTITG J4 V 5GG 47G K 7GXG?
CKI 6%VTKG T K TG?4VK V %VTKVK
`%?V%T4? X4TK4VK K ?K/G? V 5G 4 TG
KCTV4V 6K7GT4VK K 7GXG?CKI K7K64
VT 9T 64TG CT46VK6G VJ4 9T %VTKVK4?
V4V% `%?V%TG 7KGT K 64TGIKXKI CT46VK6G
47 TG%T6G G 6KGV 6XGT4VK?K/G
KVGT46VK KVJ K94V K 4%G7 V 5G
GGVK4? 9T VJGKT 6IKVKXG 7GXG?CGV
JGTG4 K VJGT V4?/KI 7KTG6V? V 4 K94V
J 64V GV CG4/ 4 J4XG X4?%G
EK6J4 K??GT 47 .GKG N**1F G67
64TG 5GJ4XKT 4TG ?K/G? V 5G 7GVGTKG7 5
VJG 6KGVD CGT6GCVK 9 VJGKT I4? 9T 6JK?
7TG G 6KGVKG 5G7KG6G ?4?V 47
J4T7 T/ 4TG X4?%G7 K 6JK?7TG JGTG4 K
VJGT XGT54? 4GTVKXGG 47 K7GCG7G6G
4TG X4?%G7 E04G4I N**1F JKT7 GXG
VJ%IJ VJGTG 4 5G I7 4ITGGGV VJG
6VT%6V VJ4V 4TG KCTV4V %6J 4 46VKXG

9GG7KI 5GJ4XKT 47 GXG VJG G4%TGGV

V? 7KI K7K64VT VJ4V 4TG V 7GCG7GV
VJG 6VGV 4 5G 7KY6%?V (T G4C?G
46VKXG 9GG7KI 9 %I 6JK?7TG 4 5G
KCTV4V JGTG 97 K 9 CT S%4?KV 47
4TGK4 K 6JK?7TG K 6 JGTG4 KV 4
5G KTTG?GX4V JGTG VJGTG K JKIJS%4?KV 97
47 ?KVV?G 4TGK4
`T6%?V%T4? C6J?IKV 6CG KVJ VJK
CT5?G 5 CTCKI 4 7G? 9 BB%KXGT4?
KDD JK VJGT %IIGV VJ4V 4?? 6%?V%TG
J4TG KK?4T 9%6VK E9T G4C?G 4 ITGGVKIF
5%V VJ4V VJG 4 VJ4V VJGG 9%6VK 4TG
GCTGG7 K?? 7KGT 5 6%?V%TG E4XG XGT54?
I4MG V%6JKI 47 9TVJF EGTT B CN
N**1F V 7KGT 9T VV4? 6%?V%T4? TG?4VKXKV
KG VJ4V GXGT 6%?V%TG J4 %6J 7KGTGV 9%6
VK VJ4V G 64V 4/G 4 L%7IGV
46T 6%?V%TG 47 45?%VK JK6J G?KK
4VG 6%?V%TG 54G7 VJG 5GTX4VK VJ4V
GXGT 6%?V%TG J4 VJG 4G 9%6VK
O %5GT 9 V%7KG J4XG J VJ4V KVJK
6%?V%TG 7KGTG6G 4 G4%TG 4 5G 4
?4TIG T ?4TIGT VJ4 5GVGG6%?V%TG 7KGTG6G
J4V 4CCG4T KKVK4?? V 5G %KS%G 47 GVK6
7KGTG6G 5GVGG 6%?V%TG 4TG TG KK?4T
JG 5GVVGT %7GTV7 EGTT B CN N**1F O
K7K64VT 47 4GGV VT4VGIKG 4TG 7GXG?
CG7 VJG %V 96% VJG 9%6VK VJ4V VJG
CT46VK6G K KVG7G7 V 46JKGXG KVJK VJG
6%?V%T4? 6VGV 47 %V G4%TG X4TK45K?KV
KVJK 4 G?? 4 5GVGG VJG 6%?V%TG 3%4?K
V4VKXG GVJ7 K?? 5G %G9%? 9T VJK CJ4G 9
VJG CT6G
4TK% G4%TGGV V? J4XG 5GG
7GXG?CG7 47 GC?G7 V 4G 64TG JGG
K6?%7G S%GVK4KTG T KVGTXKG 4/KI
C4TGV T 64TGIKXGT V 7G6TK5G VJGKT 64TG
CT46VK6G 47 VJGKT 6JK?7TGD VCK64? 5GJ4XKT
47 74K? 46VKXKVKG S%4?KV4VKXG T4VKI 64?G
KVJ 5GJ4XKT4?? 7GG7 64?G CKV V 4G
5T47? V4VG7 6J4T46VGTKVK6 9 64TG VG
4VK6 5GTX4VK 9 VJG 64TGIKXGT 47 VJG 6JK?7
K VJGKT 4V%T4? GVVKI EV K 4 ?45T4VTF
GCGTKGV4? CT6G7%TG 9??G7 5 5GTX4
VK 9 VJG 6JK?7D 47 64TGIKXGTD TGCG
47 67KI 9 VJG 9TGS%G6 9 C4TVK6%?4T
CT46VK6G aGV4K?G7 5GTX4VK 47 67KI 9
IKI GS%G6G 9 64TGIKXGT6JK?7 KVGT46
VK 4KG7 4V 6J4T46VGTKMKI TG?GX4V 9G4V%TG
9 VJG TG?4VKJKC 9 VJG C4KT J4XG 4? 5GG
7G JG TG VKGKVGKXG GVJ7 K??
GG7 V 5G 474CVG7 9T CT46VK64? G?7 %G
7K64VT J%?7 J4XG G4KI 47 X4?K7KV
46T 4 X4TKGV 9 6%?V%TG V K X4?%45?G V %G
4 KVJK6%?V%TG 4T7VK6/ V 6C4TG 4 64TG

IKXGT KVJ VJGT KVJK JGT T JK 6%?V%T4?

IT%C
V %V 5G VG7 VJ4V VJG S%4?KV 9 4
6VT%6V G4%TGGV V? T K7K64VT K??
K6TG4G 4 TG KXGVKI4VT 47 CTIT4
C?4GT %G 47 TGG VJG (T G4C?G
5G64%G 9 GVGKXG T/ G4%TKI 74K?
7KGV4T KV4/G VJGTG 4TG %G9%? VG6JKS%G 9T
G4%TGGV GXG VJ%IJ VJG 6VT%6V 9
BB74K? KV4/GDD K 6C?G KK?4T? VJG
G4%TGGV 9 6IKVKXG 45K?KV J4 TG6GKXG7
4 GT% 4%V 9 4VVGVK 47
%GT% X4?K7 G4%TGGV V? GKV JG
TG VKG K IKXG V VJG 4GGV 47
44?K 9 64TG CT46VK6G T 5GJ4XKT VJGTG K
GXGT TG4 V GCG6V VJ4V X4?K7 G4%TG 64
5G 7GXG?CG7 47 VJ4V K7K64VT K?? GXGV%4??
5G 7GG7
K5?G K7K64VT 47 G4%TGGV V?
9T TG%T6G 9T 64TG 4TG G4KG7 K 7GV4K? K
VJG GV G6VK
']`' (] `O'
JK G6VK %4TKMG VJG ?KVGT4V%TG
J%4 G6K6 47 TI4KM4VK4? TG%T
6G 9T 64TG
E4F CJAJ FWECBAGP
V K T4?? 4%G7 VJ4V G4T 9 G7%64
VK K 4 47GS%4VG 47 %Y6KGV G4%TG
JGTG 4TG JGXGT GXGT4? VJGT 7KGK 9
G7%64VK VJ4V TG?4VG V 6JK?7 %VTKVK 47
KIJV 5G 7GG7 4 G?? JGG C4VJ4
VJT%IJ JK6J 4VGT4? G7%64VK 4G6V
64TGIKXKI CT46VK6G 4TG VJG 45K?KV V CT6G
K9T4VK VJG 45K?KV V 46S%KTG /K?? 47
VJG 45K?KV V 7G? 5GJ4XKT
EKF (JGEKKAP G APGJOCBAGP
O66T7KI V J4 VT4% 47 GTK
S%G EN**F 47 4TTGT4 EN**F KV K CTG7
K4V? 5G64%G 4 G7%64VG7 4 K TG
/?G7IG45?G VJ4V JG K 5GVVGT 45?G V %G
JG4?VJ 64TG 946K?KVKG /GGC JGT GXKTGV
6?G4GT 47 VJGTG5 5GGV JGT 6JK?7TG
4TTGT4 EN**F CTCG VJ4V 4VGT4? G7%64
VK 4G6V 6JK?7 JG4?VJ 5 BB4G6VKI VJG
CT7%6VKXKV 9 KC%V    47 ?GTKI VJG
6V 9 K9T4VKDD JGG %T6G %IIGV
VJ4V G 9 VJG ?K/G? 6J4G? VJT%IJ JK6J
4VGT4? G7%64VK 4G6V 6JK?7 JGKIJV K 5
KCTXKI VJG 4D 45K?KV V 46S%KTG G
/?G7IG 47 CT6G KV 4CCTCTK4VG?

9T4VK CT6GKI G4%TG7 5 TG47KI

GC4CGT ?KVGKI V VJG T47K 4V6JKI
VG?GXKK 47 TGV4KKI VJG K9T4VK
7KGT 9T VT47KVK4? G4%TG 9 6J?KI
5G64%G KV TGG6V VJG 6%TTGV 64C46KVKG 9 VJG
4 T4VJGT VJ4 JGT JKVT J% KV 4
5G 4 5GVVGT K7K64VT 9 JGT 6%TTGV 45K?KVKG V
64TG 9T JGT 6JK?7TG JGG G4%TG GC?4K
4?V 4?? 9 VJG KC46V 9 4VGT4? G7%64VK
6JK?7 JG4?VJ 5%V VJG G46V VCG 9 BBK9T
4VKDD VJ4V 5T%IJV 45%V VJK GG6V K V
K7GVKG7 EJ4 VT4% 47 GTKS%G
N**F
EKKF , CEIWAKABAGP G KMANNK
/K?? 46S%KKVK T 4VGTK4? ?G4TG7 9T
6J? K G 4 9T G V 5%K?7 4
/?G7IG 54G V I%K7G 5GJ4XKT 47 ?G4T
C4VVGT 9 CT46VK6G VJ4V 4TG %G9%? 9T C4TVK6
KC4VKI K 7GT 5%TG4%6T46KG E,JK N**Q
.GKG B CN N**NF V K JCVJGKMG7 VJ4V
G7%64VG7 G 64 4/G 5GVVGT %G 9 JG4?VJ
64TG GTXK6G KVJ VJK /?G7IG KVGT46V
GG6VKXG? KVJ 76VT 47 %TG E,JK
N**QF 47 6C? 5GVVGT KVJ VTG4VGV
TG6G74VK E4TG N*$QF J% VJG GG6V
9 6J?KI 6JK?7 JG4?VJ VG CTK4TK?
9T VJG 64TGIKXGT 5G6KI ?KVGT4VG E46S%KTKI
4 /K??F T4VJGT VJ4 9T 5G6KI 4 5GVVGT
BBK9T4VK CT6GTDD E,JK N**QF
EKKKF FPBABQ CEIWAKABAGP
JG VJKT7 %IIGVK K VJ4V G 6J4IG
47 V4/G 4 7KGTGV GG 9 G?9 T K7GVKV
JG VJG 5G6G 6J?G7 JG VJGT 9
BBK7GVKV 46S%KKVKDD CTCG VJ4V KV K V
?KVGT46 4?G VJ4V 7GVGTKG VJG CT46VK6G 9
G7%64VG7 G 6J?KI ?G47 V 5GJ4XKT
6J4IG VJT%IJ 4??KI 7G?KI 9 CGC?G K
VJG BB7GT G6VTDD E,JK N**QF GKI
6J?G7 JG?C G K7GVK9 KVJ VJG T?G 9
4 VG46JGT T VJGKT 6JK?7TG E.GKG B CN N**NF
JK T?G 6J4IG 4/G VJG TG 4G45?G V

G K9T4VK 47 4? TG KVGT46VKXG 47
VK%?4VKI K VJGKT 6JK?7 64TG CT46VK6G
'7%64VK JGXGT G4%TG7 J4 4
6C?G TG?4VKJKC KVJ 64TG CT46VK6G '7%
64VK K6TG4G 5VJ VJG 45K?KV V G4T K6G
47 VJG 45K?KV V 4CCTG6K4VG VJG KCTV46G 9
64TGIKXKI JG 9TGT VG7 V KVKI4VG
4I4KV 5TG4V9GG7KI C4TVK6%?4T? K %T54
4TG4 4 VJG 64TGIKXGTD CCTV%KV 6V 9
VKG K6TG4G JG ?4VVGT VG7 V CTVG
5TG4V9GG7KI C4TVK6%?4T? K %CCTVKXG
T/C?46G GXKTGV V 64 5G 46K4VG7
KVJ ?IGT 47 TG G6?%KXG 5TG4V9GG7KI
4 G?? 4 JTVGT 5TG4V9GG7KI VKG (T
G4C?G K T4G? VJGT KVJ VJG ?GV 47
JKIJGV ?GXG? 9 G7%64VK GI4IG K ?IVGT
5TG4V9GG7KI E'XGT474K B CN N**Q
4546J )TGG54% 47 %?/G N**NF
7GXG?CKI 6%VTKG JGXGT VJG GI4VKXG
GG6V 5TG4V9GG7KI VG7 V CTG7K4VG
E)K%I?K4K B CN N**1 a44M 47 V4T5KT7
N**NF 4VGT4? G7%64VK K 46K4VG7 V
? KVJ VJG S%4VKV 9 5TG4V9GG7KI E7%T4
VK 9TGS%G6F 5%V 4? VJG S%4?KV 9 9GG7KI
E)%?74 B CN N**F (T %IIGVG7 6VT%6V
47 G4%TG GG 45?G N
GVVGTG7%64VG7 G 4TG TG X64? KVJ
VJGKT K94V GXG VJ%IJ VJGKT K94V 4TG ?K/G?
V IT %C V 5G TG X64? VJGG?XG 47
VJGTG9TG V TGS%KTG TG 4VVGVK 4 V77?GT
EK6J4 B CN N*$$FR K6J4 K??GT 47
.GKG EN**1F 7 VJ4V 5GVVGTG7%64VG7 GK
64 VJGT 4TG TG ?K/G? V 9GG7 VJGKT 6JK?
7TG JG VJG 6T JG 5GVVGTG7%64VG7
VJGT 4TG TG ?K/G? V 7K9 VJGKT
TGCKXG CT46VK6G V VJG 4IG 9 VJGKT K94V
VJ4 ?GG7%64VG7 G 7 ]5GTX4VK4?
V%7KG 9 VJGT6JK?7 KVGT46VK TGXG4?G7 4
TG 6KVVG7 4VVKV%7G V4T7 6JK?7 64TG
4I G7%64VG7 G E.GKG B CN N**N
K6J4 K??GT 47 .GKG N**1F JG GTG
4? TG ?K/G? V V4/G 4 VG46JGT T?G
E.GKG B CN N**NF

45?G N FWECBAGP G ECJAJ

`VT%6V

G4%TGGV V?

`GV

G4T 9 6J?KI

G?9TGCTV 6J? TG6T7 GKVKI 74V4

.KVGT4VG T K??KVGT4VG

G?9TGCTV KC?G VGV T GKVKI 74V4

0%5GT 9 G4T VJ4V 4/G 4

7KGTG6G X4TKG 5 6VGV
4 5G 4CCTK4VG7 5 TG
VJ4 G4T 9 6J?KI
4 GG7 V 5G 474CVG7
V VJG 6%?V%T4? GVVKI
K?? 7GCG7 VJG GVVKI

9T4VK CT6GKI
7GVKV 46S%KKVK

GVKI 9 9%6VK4? %G 9 ?4I%4IG K9T4VK

466GKI C4VVGT EGI TG47KI GC4CGTF
]5GTX4VK 9 VG46JKI T?G V4/G 5
VJGT KVJ TGCG6V V 6JK?7 CT9GK4?

E5F CJAJ MPGYNF CPF DNAK

a4V4 6%?V%T4? 5G?KG9 TG?4VG7 V 64TGIKXKI
9 K94V 4TG 9VG S%4?KV4VKXG T4VJGT VJ4
S%4VKV4VKXG JG 64 5G KX4?%45?G 9T
4GKI VJG 6K6%?V%T4? 64%G 9 4?%VTK
VK T 9T %7GTV47KI K94V 9GG7KI CT46
VK6G VJ4V 4TG %KS%G V 6GTV4K 6%?V%TG 5G9TG
G54T/KI 4 ?4TIG64?G %TXG G
G4C?G 9 VJGG S%4?KV4VKXG 74V4 4TG CTGG
VG7 G?KG9 VJGG?XG JGXGT 4 V
7GVGTKG 5GJ4XKT O 4 GVGKXG 57 9
6K4? C6J?I TGG4T6J K7K64VG VJG ?K/
5GVGG 5G?KG9 GXG K7G? JG?7 47 5GJ4XKT
K 9VG G4/ EK6/GT N*cNF O TG6GV TGXKG 9
VJG 4 V%7KG VJ4V G4KG7 VJG 4VVKV%7G
5GJ4XKT ?K/ %IIGVG7 VJ4V 4VVKV%7G 4TG V
?K/G? V K%G6G 5GJ4XKT JG VJGTG 4TG 9G
%VK7G K%G6G 5GJ4XKT 47 JG G
4TG TG 44TG 9 %T 4VVKV%7G E-T4% N**NF
EKF NAK CDGWB ANNPKK CPF OCNPWBJABAGP
G?KG9 45%V K??G 47 CT46VK6G 47CVG7
7%TKI K??G 64 J4XG KC?K64VK 9T 6JK?
7TGD JG4?VJ 47 %VTKVK G K9T4VK
45%V GKVKI 5G?KG9 K 477KVK V VJG TG
G4K? 4X4K?45?G K9T4VK VJG %G 9
JG4?VJ 64TG 946K?KVKG 4 CTXG KX4?%45?G K
VJG C?4KI CT6G K VJGG 4TG4 (T G4
C?G 6GTV4K K??GG 4TG GG V 5G 4 C4TV 9 VJG
T4? 7GXG?CGV 9 VJG 6JK?7 E)T5/K
N**b K 7GK4 `K/ J?K 47
'54/ N** K K545GF G 9 VJGG
K??GG 6%?7 CTG6KCKV4VG 4?%VTKVK T
4IIT4X4VG GKVKI KV%4VK E9T G4C?G
G /K7 9 7K4TTJG4 47 %CCGT TGCKT4VT
VT46V K9G6VKF 4/KV4 %?? EN**NF
TGCTV VJ4V VJGT G?7 46K4VG CTVGK
GGTI 4?%VTKVK E64??G7 4T4%F KVJ
6%CVK 9 V ?KVV?G 97 KV K 9VG ?K/G7
V VJG K%G6G 9 CKTKV T 4 BB547DD CGT
4 6JK?7 KK?4T 7KI 4TG TGCTVG7 K '4V
O9TK64 7K4 0GC4? 47 4M4K4 JGTG
CTVGKGGTI 4?%VTKVK K 9VG GG 4 4
TG%?V 9 47%?VGT 5TG4V9GG7KI JK?G CTGI
4V T 4 GXK? CKTKV E)GT?46J N*bQ T?G
J7G 47 K??K4 N*$ 4GT N*R*
GK?47 47 %TIJ4TV N*$$F
EKKF GOHNOPBCJQ FAP
G?KG9 TGI4T7KI 6C?GGV4T 9GG7KI
J4XG KC?K64VK 9T 6JK?7 %VTKVK K6G VJG
4IG 4V JK6J 6JK?7TG 4TG TGCTVG7 V 5G V
X%?GT45?G V ITVJ94?VGTKI K VJG CGTK7
5GVGG K 47 N$ VJ 9VG VJG CGTK7 9
VT4KVK 5GVGG 5TG4V K?/ 47 4 47%?V

7KGV G 5G?KG9 ?G47 V V G4T? %CC?G

GV4VK 'ICV 4TTK B CN EN**F
TGCTV VJ4V VJGT 5G?KGXG VJ4V %CC?GGV4
VK 4V Q 74 K G6G4T V CTVG ITVJ
47 BB94VGDD (7 V45 9T %I 6JK?7TG
4 ?KKV VJG VCG 9 97 VJ4V 64 5G GTG7
E4 'VGTK/ N*$*F T4 VJG KVT7%6VK
9 97 K 9VG 7G?4G7 54G7 VJG
CGT6GCVK VJ4V %I 6JK?7TG 64V 7KIGV
VJG 97 VJ4V 4TG 4X4K?45?G V VJG 94K? E9T
G4C?G 5G4F T VJ4V G 97 64%G
V4GTKI 47 7G?4G7 CGG6J EGIIF 47
KC4KT VJG KVG??G6V K9 KVT7%6G7 5G9TG N$
VJ 9 4IG E6JGGGF E45KGG 47 )GK?GT
N**1F VJK 64G 6JK?7TG 4 V TG6GKXG
47GS%4VG 4%V 9 CTVGK 47 K6T%VTK
GVTK6J 97 %VK? VJG 4TG N$ VJ 9 4IG
EKKKF ,CJCEBJAKBAEK G B, E,ANF B,CB CEB
FEAKAGPK CDGWB FAP
4 5G?KG9 45%V 5TG4V9GG7KI 47
6C?GGV4T 9GG7KI 7GCG7 VJG 64TG
IKXGTD CGT6GCVK 9 VJG 6J4T46VGTKVK6 47
7GXG?CGV4? ?GXG? 9 VJG 6JK?7 JG G4KI
CT6G 4 5G KKVK4VG7 5G64%G 9 VJG GT%CV
K 9 VGGVJ EO?G7 N**N4 5 4TTK
B CN N**F T VJG GV 9 4?/KI E4TTK
B CN N**F O G67 5G?KG9 VJ4V 4 K%G6G
KV4/G K VJ4V VJG 6JK?7D 4CCGVKVG J%?7 7GVGT
KG 97 KV4/G aGVV?GT K 4 GTKG 9
TGCTV 9T 4?K 7 VJ4V VJGT VG7 V
5G?KGXG VJ4V 6JK?7TG J%?7 G4V ? J4V VJG
4V EaGVV?GT N*$b N*$cF JGTG ?GXG? 9
4TGK4 4I 6JK?7TG 4TG JKIJ VJK 5G?KG9
64 ?G47 V %7GT%VTKVK 'I?G B CN EN**RF
7 X4TK4VK K VJGG 5G?KG9 4I VJGT
KVJK 4 KI?G 6%?V%TG VJGT J 9G?V VJ4V 4
6JK?7 J TG9%G 97 J%?7 5G G6%T4IG7 V
G4V TG J47 5GVVGT%TKJG7 6JK?7TG VJ4
VJG J 9G?V VJ4V 4 6JK?7D TG9%4? J%?7 V
VTKIIGT GT 9 477KVK4? 97
(GG7KI 4 5G K%G6G7 5 VJG C4TGVD
CGT6GCVK 9 J G?? VJG 6JK?7 K ITKI
O74KT 47 C/K EN**bF TGCTV VJ4V 4 VJGTD
CGT6GCVK VJ4V JGT G5T K 4?? 7G6TG4G
VJG ?K/G?KJ7 9 JGT 5TG4V9GG7KI GXG JG
JG KVG7G7 V 7 5G9TG VJG 5KTVJ 9 VJG
K94V `XGTG? VJG CGT6GCVK VJ4V VJG
K94V K 7KI G?? K6TG4G VJG ?K/G?KJ7 VJ4V
5TG4V9GG7KI K?? 6VK%G EO74KT C/K 47
)%K?/G N**F OI GT%XK4 G
KM B CN EN**QF TGCTV VJ4V VJG VTIGV
K7K64VT 9 KVT7%6VK 9 6C?GGV4T
97 K ? GKIJV I4K K K94V (T
%IIGVG7 G4%TG 9 5G?KG9 47 G7%64VK
GG 45?G 1

45?G 1 -PGYNF CPF DNAK G B, ECJAJ

`VT%6V

G4%TGGV V?

`GV

G?KG9 47 /?G7IG 45%V

KKVK4VK 9 5TG4V9GG7KI
6?VT%
G?KG9 47 /?G7IG 45%V
VGTK4VK 9 5TG4V9GG7KI

%TXG S%4?KV4VKXG
G4%TG

G?KG9 47 /?G7IG 45%V

6C?GGV4T 9GG7KI VK
KI VCG 6VT? 9 KV4/G
G?KG9 47 /?G7IG 45%V
4VGT4? 6J4T46VGTKVK6 K
TG?4VK V 5TG4V9GG7KI
G?KG9 47 /?G7IG 45%V
VJG TG?4VKJKC 5GVGG 97
47 4?%VTKVK

%TXG S%4?KV4VKXG
G4%TG

4 X4T 5VJ 5GVGG 47 KVJK 6%?V%T4?

IT%C 4 GG7 5VJ 4 K7KXK7%4? 47 4

T4VKXG G4%TG

4 X4T 5VJ 5GVGG 47 KVJK 6%?V%T4?

IT%C 4 7GCG7 7GXG?CGV4? K?GVG

CKK 9 VJGT 94K? G5GT 4CCG4T46G 9

VJGT 6JK?7TG

`JK?7D CJK64? 47 GVK4? V4VG 4 C?4 4

4LT T?G K 9GG7KI 7G6KK T 6%?V%T4? 5G?KG9

45%V CGT4?KV T BBCGTGDD 9 VJG 6JK?7

6J?IK64? V4VG 4V%TKV 47 7KGV 47 JG4?VJ

9 VJGT 4 4G6V 5G?KG9 45%V JGT 45K?KV V

5TG4V9GG7

G K??GG 4TG CGT6GKXG7 4 C4TV 9 7GXG?C

GV4? CT6G EVCG 9 7K4TTJG4 %CCGT TGCKT4VT

VT46V K9G6VKF `4TGIKXGT 4 V 46K4VG

CTVGKGGTI 4?%VTKVK KVJ 97 5%V 5G?KGXG KV

V TG%?V 9T CKTKV%4? T GXK? K%G6G K??GG6V

9 5TG4V9GG7KI 7%TKI CTGI46 T 47%?VGT

CTVGKGGTI 4?%VTKVK K 9VG GG 4 4

VKI4 VJG 6JK?7 47 K 7GGC? 9G4TG7

%TXG S%4?KV4VKXG
G4%TG

%TXG S%4?KV4VKXG
G4%TG
%TXG S%4?KV4VKXG
G4%TG

E6F (,QKAECN ,CNB, CPF PWBJABAGPCN KBCBWK G B,

ECJAJ
(KI%TG VJG 6%TTGV %VTKVK4? KV%4VK
9 G K VJG 7GXG?CKI T?7 K7K64VG VJ4V
KT7G6KG6 4GK4 K K7GCTG47 4I
CTGI4V 47 CTGI4V G K 7GXG?C
KI 6%VTKG KVJ VJG JKIJGV T4VG K %VJ
OK4 EXGT bHF %KI 4 6%V 9 5?7 ?GXG?
9 JGI?5K ?G VJ4 N1 IT4 CGT 7G6K?KVGT
JGG T4VG J4XG K6TG4G7 K %VJ OK4 47
%54J4T4 O9TK64 XGT VJG C4V 7G647G E0
O``[`0 N**1F V%VKI 47 ? 57 4
K7G EF 4TG 6 K 7GXG?CKI 6%
VTKG 9 ?G VJ4 N$R 466T7KI V ]
EN**RF 4? / 4 6JTK6 GGTI 7G
6KG6 J4 5GG 9%7 K QH 9 G K
4C?G 9T %VJ 47 %VJG4V OK4 47 K
1H K %54J4T4 O9TK64 E0 O``[`0
N**1F
4VGT4? JG4?VJ 6%?7 K%G6G 64TGIKXKI
5 TG7%6KI GGTI V CTXK7G 64TG aGCKVG VJG
CT %VTKVK4? KV%4VK 9 4 G VJG
?K/4IG 5GVGG VJGKT %VTKVK4? V4V% 47
64TGIKXKI J4 T4TG? 5GG V%7KG7 EK/XKV
N**RF G V%7KG 7 7 GXK7G6G 9 4
TG?4VKJKC 4?VJ%IJ KVJ 4?? 4C?G O
V%7 K 'ICV K7K64VG7 VJ4V 4GK6 G
GTG ?G 46VKXG 64TGIKXGT VJ4 4GK6
G E4J4K94T B CN N**1F VJG 4G
V%7 4 46K4VK 4 9%7 5GVGG ?

?GXG? 9 XKV4K b K VJGT 47 94K?%TG V

TGC7 47GS%4VG? V K94V X64?KM4VK
JGG XKV4K b 7G6KGV VJGT GTG 4?
?G GG6VKXG K TGC7KI V K94V 7KVTG
E6`%??%IJ B CN N**F V K 4? CK5?G
VJ4V 67KVK VJ4V 6VTK5%VG V CT 4VGT
4? 7KGV KIJV 4? 4G6V C4VVGT 9 6JK?7
64TGIKXKI VJT%IJ 4?VGT4VG T%VG %6J 4
CXGTV 47 ?46/ 9 466G V 47GS%4VG 4?VGT
4VG 64TG
G64%G G KVJ ? 4TG ?G
G6K64?? CT7%6VKXGb E(GTT.%MMK B CN
N**1F G 6%?7 GCG6V VJ4V VJG %?7 CG7
TG VKG K VJGKT JG 47 VJGTG9TG TG
VKG K 6JK?7 64TG JGTG K JGXGT XGT ?KVV?G
?KVGT4V%TG 4GKI VJG 4%V 9 6JK?7 64TG
CGT9TG7 KVJ ? TGGTXG 9 GGTI
`VT4T V VJK JCVJGK 74V4 9T VJG
-G4 0%VTKVK `??45T4VKXG GG4T6J
%CCTV TIT4 E`F E6a4?7 B CN
N**QF J VJ4V 7%TKI 4 VGCT4T 97
JTV4IG E4 94KGF VJGT JG?7 47 64TG7 9T
VJGKT 6JK?7TG KIK64V? ?G VJ4 5G9TG VJG
JTV4IG JG K6TG4G7 GG7 V CT6%TG 97
TG%?VG7 K K6TG4G7 6JK?7 64TG 5 K5?KI 47
VJGT 94K? G5GT TG TGG4T6J K GG7G7
5G9TG V4VGGV 64 5G 47G 45%V VJG GG6V
9 %VTKGV 7G6KG6KG GI4IGGV K 6JK?7
64TG 46VKXKVKG T TGCKXGG V 6JK?7TG
4VGT4? JG4?VJ 7%TKI CTGI46 6%?7 4?
K%G6G VJG JG4?VJ 9 VJG G5T JK6J

6%?7 K%G6G 64TGIKXKI K7KTG6V? 4VGT4?

%VTKVK J4 4 4?? GG6V 5KTVJ GKIJV 47
? 5KTVJ GKIJV K 4 TK/ 946VT 9T 6JK?7TGD
7G?4G7 7GXG?CGV E)%?GMI?% 7G ]K
47 K??4T N**c 7G ]K K??4T 47 )%?G
MI?% N**$F (K7KI 9T VJG 'ICV 0%VTK
VK ` E-KT/G B CN N**QF K7K64VG VJ4V
4VGT4? KV4/G 9 GGTI 47 CTVGK 9T
4K4? %T6G KT 47 MK6 4TG CKVKXG?
46K4VG7 KVJ G4V4? BBJ45KV%4VKDD 5GJ4X
KT E4 G4%TG 9 G4T? K9T4VK CT6G
KIF 4J4K94T B CN EN**1F TGCTV VJ4V
4VGT4? 7KGV 7%TKI ?46V4VK GCG6K4?? ?GT
KV4/G 9 4K4? %T6G 97 47 6GTV4K
XKV4Kc 4TG 46K4VG7 KVJ K94V 7TK
G 47 K94V 7TKG K GI4VKXG? 4
6K4VG7 KVJ 64TGIKXGT X64?KM4VK (K7KI
9T VJG GK6 0%VTKVK ` EO??G B CN
N**1F K7K64VG VJ4V 4VGT4? GKIJV 47 7KGV4T
946VT 4TG TG VTI? 46K4VG7 KVJ K94V
5GJ4XKT4? X4TK45?G GCG6K4?? J45KV%4VK
VJ4 4TG 6K6%?V%T4? 946VT
G 5GVGG VJG 4IG 9 NR 47 Q* K
7GXG?CKI 6%VTKG CG7 4 KIK64V
CTCTVK 9 VJGKT ?KXG K 4 V4VG 9 CTGI46
T ?46V4VK T 5VJ JG VTGG 9 VJGG
CGTK7 4 ?G47 V 4 6K7GT45?G 7GC?GVK 9
4VGT4? %VTKGV ?GXG? EGT6J4V B CN N*$*
6)%KTG 47 C/K N*$*F a4V4 4TG V
4X4K?45?G VJG GG6V 9 VJGG 946VT
64TGIKXKI HJ K 5%V 6JK?7TG 9 VJGT J
J4XG J47 4 6JK?7TG K JG )45K4 J4XG
CTGT G4T? ITVJ 4 G?? 4 ?GT T4VG 9
64V6J%C ITVJ K JGKIJV VJ4 6JK?7TG 9
VJGT KVJ 9G 6JK?7TG ETGVK6G `?G 47
JKVGJG47 N*$cF `4TKI 9T 4 ?4TIG %5GT 9

6JK?7TG C4TVK6%?4T? 5G9TG VJG ?7GT 6JK?7TG

4TG 45?G V CTXK7G 4KV46G 64 4? K6TG4G
VJG T/?47 G JG 64G 9T
KCTXKI 4VGT4? JG4?VJ 47 %VTKVK K
VTIGT VJ4 GXGT 5G9TG 54G7 5VJ
GKVKI GXK7G6G 9 VJG GG6V 9 4VGT4?
JG4?VJ 5KTVJ %V6G 47 GGTIKI GXK
7G6G 9 VJGKT GG6V K94V 5GJ4XKT 47
64TGIKXKI
K?G6G V4T7 G K VJGKT JG K
5GIKKI V 5G 46/?G7IG7 aGCKVG VJG
%7GTTGCTVKI 9 7GVK6 XK?G6G 4
%4T 9 R V%7KG 9T 4 X4TKGV 9
6%VTKG J VJ4V BBGS%4TVGT V TG VJ4
J4?9 9 G TGCTV J4XKI 5GG CJK64??
45%G7 5 4 CTGGV T 9TGT C4TVGT O GXG
?4TIGT CGT6GV4IG J4XG 5GG %5LG6VG7 V
IKI GVK4? 47 C6J?IK64? 45%G 4
9T 9 XK?G6G VJ4V 4 54VVGTG7 G
6K7GT TG VJ4 CJK64? 45%GDD EGKG
KV4I% 47 )GT4K N**Q C QF K?G6G
V4T7 6JK?7TG VG7 V 66%T K VJGG 4G
J%GJ?7 47 74V4 9T VJG KVG7 V4VG
%IIGV VJ4V KV K GXG TG 9TGS%GV VJ4
XK?G6G V4T7 C%G E(K/G?JT 47 aMK%54
.G4VJGT4 N**QF O 4VCJGTG 9 C6J
?IK64? 47 CJK64? XK?G6G 4 J4XG 7GX4V4VKI
6GS%G6G 9T 6JK?7TGD %VTKVK4? V4V%
5%V 9G KXGVKI4VT J4XG G4KG7 VJG K%G
(T %IIGVG7 G4%TG GG 45?G
E7F PBCN ,CNB,S KNTEGP:FPE CPF NCEM G

KBJKK

VJG KVG7 V4VG 4VGT4? 7GCTGK K

46K4VG7 KVJ CT 64TGIKXKI 47 CT5?G

45?G (,QKAECN ,CNB, CPF PWBJABAGPCN KBCBWK G ECJAJ

`VT%6V
7 4 K7G
EF EGKIJV[
JGKIJV1 F
T 7G6KG6
4GK4
]VJGT
K6T%VTKGV
GCT7%6VKXG
JG4?VJ
T5K7KV
aGVK6
XK?G6G

G4%TGGV V?

`GV

GS%KTG 64TG9%?

4VJTCGVT

%4?? ?G VJ4 N$R K 6K7GTG7

4 K7K64VT 9 TK/

4TK% G4%TG %6J

4 JGI?5K JG4V6TKV

K6JGK64? 44

%4?? JGI?5K ?G VJ4 N1 IT4

CGT 7G6K?KVGT K 6K7GTG7 4 TK/ 946VT

N1 K C?44 b K 5TG4V K?/ 4 G?? 4 4 %5GT

9 VJGT K6T%VTKGV EGI KT MK6 XKV4K OF

J%?7 5G GX4?%4VG7 K6G K6T%VTKGV 7G6KG6KG

VG7 V 6?%VGT K VJG 7KGV 9 CT G

a4V4 4 5G 4X4K?45?G 9T VJG aGIT4CJK6

47 G4?VJ %TXG T 6G% %TXG

0%5GT 9 6JK?7TG 5T

5KTVJ C46KI 4IG 4V TV 5KTVJ

CTGI46 6C?K64VK

CG 9TGS%G6 GXGTKV 9 T5K7KV

4 TGS%KTG S%4?KV4VKXG

GVJ7 V 5V4K ? T4VG

?K/G? 9T %TXG

G?9TGCTV CJK6K4D TG6T7

aGKVK 4 T 4 V K6?%7G GVK4?

45%G 'VK4? 45%G J4 CTXG7 V 5G TG

7KY6%?V V 7GG VJ4 CJK64? 45%G

4VK6 %V6G 9T 6JK?7TG E%VVGT N**F

aGCTGK CT545? C?4 4 4LT T?G K CT
64TGIKXKI K 4 7GXG?CKI 6%VTKG 4
G?? %V 7GCKVG TGCTV 9 JKIJ ?GXG? 9
4KGV 47 7GCTGK 4I G K
7GXG?CKI 6%VTKG$ V%7KG ?K/KI VJGG
C6J?IK64? 946VT KVJ 6JK?7 64TG J4XG V
5GG 7G O TGCTV 4 ?% KCTXGGV
CTLG6V K 4I?47GJ %IIGV VJ4V
VJG 6K4? K?4VK 9 G 6%C?G7 KVJ VJG ?46/ 9
GVG7G7 94K? GVT/ K %T54 4TG4 K VJ%IJV V
J4XG GI4VKXG GG6V VJG GV4? JG4?VJ 9 G
JK6J K V%T K ?K/G? V TG7%6G VJG S%4?KV 9 6JK?7
64TG GXG JG VJG VJGT K CJK64?? CTGGV
E0`'( N**Q C *F

aGCTGK K 6J4T46VGTKMG7 5 4 ?46/ 9

CKVKXG 4G6V GGTI 47 CVKK VJ4V
4CCG4T V 5G G6GKXG IKXG VJG KV%4VK
VJG KVG7 V4VG KV J4 5GG G4%TG7 5 4
%5GT 9 KVT%GV 9G 9 JK6J J4XG 5GG
474CVG7 V VJGT 6%VTKG %V K6G VJG V
6 KVT%GV TG? G?9TGCTV E9T
G4C?G VJG G6/ aGCTGK XGVTF 47
VJG S%GVK 4TG 94KT? VT4KIJV9T4T7 VJG
CK5K?KV 9 474CVKI VJG KVT%GV GKV
O 4KGV 47 7GCTGK 64?G 4 %G7 9T
G4C?G K VJG 'ICVK4 0%VTKVK `
CTLG6V E-KT/G B CN N**1F
VTG TG9GT V 4 CGTD 7K69TV JG
GCG7 V 7KY6%?V 47 %6VT??45?G 6KT6%
V46G 47 KV K G 9 VJG 6J4T46VGTKVK6 9
JKIJTK/ VJGT K VJG KVG7 V4VG ]G
TG 6%?V%T4?? GK5?G G4%TG K 4 6JG6/?KV 9
CV T4?? 46K4VG7 KVJ VTG
EGKGT 47 O55VV N*ccF VG G?G6VG7
TGG6V C6J4VK6 7KY6%?VKG %6J 4 JG47
46JG 9GG?KI VKTG7 K45K?KV V G4V T G4VKI
C4? 6TG VJG G4?VJ ]CKK %TXG 4TG
46K4VG7 KVJ %T6G 9 VTG %6J 4 K47
GS%4VG 94K? %CCTV 4I -G4 4T/GV
G EGKGT 47 O55VV N*ccF 47 CT5
?G KVJ VJG C%G 9T )%4VG4?4 CGTK
%T54 VJGT E'I?G N*$*5F
O 6? %G7 G4%TG 9 VTG K VJG
KVG7 V4VG K VJG .K9G 'XGV `J4IG 64?G
7GXG?CG7 5 aJTGG7 47 aJTGG7
EN*cQF V G4%TG VJG 4%V 9 6J4IG VJ4V 4
K7KXK7%4? J4 GCGTKG6G7 K 4 TG6GV CGTK7
`J4IG JGVJGT CKVKXG T GI4VKXG 4TG
4%G7 V K6TG4G VTG 47 VJG 4TG T4/G7
466T7KI V 7GITGG 9 KVGKV 9 VJG 6J4IG
JGG T4/KI 6%?7 5G 47G KVJK G46J
6%?V%TG 47 4 6%?V%TGCG6K6 64?G 6%?7 5G
6VT%6VG7

JG ?GXG? 9 67G6G 9 VJG 64TGIKXGT K

9VG 6KVG7 4 4 6TKVK64? 946VT 9T 6C?GG
V4T 9GG7KI C4TVK6%?4T? 9T 4TGK6 6JK?7TG
5%V VJK TG?4VKJKC J4 V 5GG VGVG7
VG4VK64?? TIT4 GCGTKG6G %IIGV
VJ4V KV C?4 4 4LT T?G E)K55 47 )TK9
VJ N*$Q )TKYVJ N*$$F 'XG VJ%IJ
K6TG4G7 G?967G6G K 9TGS%GV? VG7 4
4 %V6G 9 4 CTLG6V VG4VK6 G4%TG
GV 9 VJK 66GCV J4 G?%7G7 KXGVKI4VT
JG G4%TGGV 9 G?9GVGG EJ G
X4?%G GG?9 6C4TG7 KVJ 6K4? TF J4
4 ?I JKVT K VJG KVG7 V4VG 47
%GT% G4%TGGV J4XG 5GG 7GXG?CG7
E9T G4C?G `CGTKVJ N*$NF JGG
G4%TGGV 4TG 46K4VG7 KVJ 4 %5GT 9
%V6G %6J 4 6J? CGT9T46G L5
%66G 47 VGV 6TG 4?VJ%IJ TG?4VKJKC
4TG V VTI JGKT 474CV4VK V 4 5T47GT
6%?V%T4? 6VGV JGXGT J4 5GG ?KKVG7
]G 9 VJG 7KY6%?VKG K 474CVKI VJG 64?G V
VJGT 6%?V%TG K VJ4V VJG 54K 9T G?9GVGG
CT545? 7KGT 5 6%?V%TG EGTT B CN N**1F
OVJGT CT5?G K VJ4V 4?? 9 VJG KVT%GV
TGS%KTG VJG K7KXK7%4? V L%7IG JGVJGT 4
%5GT 9 KVG 4TG BB?K/G GDD 47 VJK CT6G
9 L%7IKI 4 5G %94K?K4T K 4 ?G G?9
66K% 6KGV VJ4 K VJG KVG7 V4VG
'XG K9 XGT4?? G?9GVGG 6%?7 5G G4%TG7 K
4VJGT 6%?V%TG VJG 64?G KIJV V G4%TG
VJG /K7 9 6J4IG K G VJ4V 4TG 9VG
5GTXG7 K BBGCGTGVDD CTIT4 JG
4CC4TGV K6TG4G K 67G6G 9VG VG7
4 5G 7%G V 946VT VJGT VJ4 4 K6TG4G K
XGT4?? BBG?9GVGGDD %6J 4 K6TG4G K
4GTVKXGG 9VG XGT ? K VT47KVK4?
6KGVKG E'I?G N*$*5F JG CK5K?KVKG 9
7GXG?CKI G4%TG 9 VJGG TG CG6K6
45K?KVKG 4TG IGGT4?? ITG4VGT VJ4 7KI 4
6%?V%TG9TGG 4GGV 9 XGT4?? I?54? G?9
GVGG T G?9T4VKI
OVJGT 4CCT46J K V 7GXG?C 4 KVJK
6%?V%TG G4%TG 9 G?9GVGG -%TM 47 0I
EN**QF 7GXG?CG7 4 G?9GVGG 64?G 9T
47?G6GV K `4GT %KI GVJIT4CJK6
VG6JKS%G V 6VT%6V VJG 64?G VGTXKG
KVJ %I 47?G6GV I4XG TKG V 4 GTKG 9
7G6TKCVT JGG GTG TVG7 KV 64VGITKG
5 ?64? 47?G6GV %5GS%GV? 4 7KGTGV
IT%C 4 4/G7 V T4VG VJG VGT 4?I G 9
VJG 7KGK VJ4V J47 GGTIG7 4 BBI7[
547DD 6VK%% O ?KV 9 KVG 4 VJG
6VT%6VG7 54G7 VJK 6VK%% VJG
%TXG 47?G6GV GTG 4/G7 V T4VG G46J
T7 4 I7[547 6VK%% 47 VJG V
T4VG J VT%G KV 4 9 VJG JGKT 6TG 4

VJG CT7%6V 9 VJG TG?4VKXG BBI7GDD 9 VJG

KVG 47 J VT%G KV 4 9 VJG JG TG%?VKI
64?G JG7 TG?4VKXG? 4?? X4TK45K?KV 47
CGTJ4C 9T VJ4V TG4 4 %TG?4VG7 V JG4?VJ
T %VTKVK4? V4V% V 4 46K4VG7 JGXGT
KVJ 94K? ?KXKI 4TT4IGGV JK V%7
K??%VT4VG VJG CK5K?KV 9 7GXG?CKI 6%?V%TG
CG6K6 VG 9T T4VKI G?9GVGG (T
%IIGVG7 G4%TG GG 45?G Q
EGF CJAJ CWBGPGOQ CPF EGPBJGN G JKGWJEK
O%V 47 6VT? 9 TG%T6G TG9GT V
VJG 64TGIKXGTD 45K?KV V C?4 4 T?G K 7G6KK
47G KVJK VJG J%GJ?7 47 VJG 6%KV
O %5GT 9 V%7KG J4XG 477TGG7 VJK K%G
(T VJG `
VG 7DXKTG 47747 47 77KVV
EN**QF 9T G4C?G %IIGV VJ4V VJGT 4TG
TG ?K/G? V 4??64VG GVT4 TG%T6G %7GT
VJGKT 6VT? V 6JK?7TG VJ4 4TG 94VJGT JG
JKIJGT VJG CGT6GV4IG 9 K6G G4TG7 5
G VJG ITG4VGT VJGKT 6VT? XGT TG%T6G
E?%5GTI N*$$ 'I?G N**N N** K )%4VG
4?4F T/KI 9T K6G JGXGT 7G V
4%V4VK64?? G4 VJ4V G 6VT? VJGKT
K6G K 4 6KGVKG K6G K 4%V
4VK64?? 4%G7 V 5G VJG CTCGTV 9 VJG
J%547 E04G4I N**1F G IGGT4??
GL ITG4VGT 4%V K 9G4?GJG47G7
J%GJ?7 47 G V%7KG J VJ4V K CKVG
9 ?GT K6G 6JK?7TG K VJGG ?KXKI KV%
4VK 7 5GVVGT VJ4 KIJV 5G GCG6VG7
CT545? 5G64%G KVT4J%GJ?7 7KVTK5%VK
CT46VK6G 94XT 6JK?7TG TG K 9G4?GJG47G7
J%GJ?7 VJ4 K J%GJ?7 JG47G7 5 G
E47747 N**1 ,J 47 IGT N**
]4I %6/GT 47 'KG N**Q -GG7
47 GVGT N**1 47 VJGTF
4 6KGVKG VJGT 7 V J4XG VJG
4%VJTKV V 4/G 7G6KK TGI4T7KI VJG 64TG
47 9GG7KI 9 VJGKT %I 6JK?7TG JGG

7G6KK 4 5G 47G 5 VJG 6JK?7D 94VJGT T

K 4 64G 5 4 VJGTK?4 T ?7GT
9G4?G K VJG J%547D 94K? ,T74
a4 47 KJ4T4V EN**F 9%7 VJ4V VJG V
KIK64V 946VT 46K4VG7 KVJ 6JK?7 %VTK
VK4? V4V% 4 VJG 7GITGG 9 4%V 9 VJG
VJGT KVJK VJG J%GJ?7 GXG 6VT??KI
9T VJG 4D 4IG G7%64VK 47 J%GJ?7
KMG `4V?G EN**RF 9%7 VJ4V G 9 VJG V
4?%TKJG7 6JK?7TG K JGT 4?K4 4C?G
5G?IG7 V ? V4V% G K JKIJK6G
J%GJ?7 JG %IIGV VJ4V KV 4 V 5G VJG
?GXG? 9 J%GJ?7 G4?VJ VJ4V 7GVGTKG 4
VJGTD TG%T6G 9T 6JK?7 JG4?VJ 5%V T4VJGT
VJG VJGTD 466G V VJGG TG%T6G E'I?G
`4V?G 47 G N**bF (T %IIGVG7
G4%TG GG 45?G R
E9F CJAJ YGJMNGCF CPF BAO CCANCDANABQ
GD VKG 6KVGV J4XG 5GG
TG6IKMG7 4 4 MGT% I4G G 46VKXK
VKG EK6?%7KI G 64TKI CT46VK6GF 64 5G
K6TCT4VG7 KV VJGKT ?KXG %?G VJGT
46VKXKVKG 4TG TGC?46G7 T CGT9TG7 TG GY
6KGV? K ?G VKG E6)%KTG 47 C/K
N**4 5F 477KVK V 46VKXKVKG TG?4VG7 V
6JK?7 TG4TKI G 4TG VCK64?? GI4IG7 K
VJGT VKGKVGKXG 7GVK6 46VKXKVKG %6J 4
4VGT 64TTKI 47 9%G?7 I4VJGTKI 47
7GVK6 CT7%6VK 46VKXKVKG %6J 4
4ITK6%?V%T4? T/ K9T4? ?45T 47 9T4?
?45T 4T/GV 46VKXKVKG* CTXG7 6??G6VK 9
74V4 VKG %G K7K64VG VJ4V G CG7
TG VKG VJ4 G K 4?? T/ 46VKXKVKG 47
VJ4V K VJTGG OK4 6%VTKG VJG CG7
KIK64V? TG VKG VJ4 G K 7GVK6
CT7%6VK 46VKXKVKG EKVG7 04VK N**R
T 47 47747 N**RF
JG ?KVGT4V%TG VJG GG6V 9 GD
GC?GV 6JK?7 %VTKVK4? V4V% 47

45?G Q PBCN ,CNB,S KNTEGP:FPES CPF NCEM G KBJKK G ECJAJ

`VT%6V

G4%TGGV V?

`GV

aGCTGK

`%?7 474CV GKVKI KVT%GV

%6J 4 G6/ aGCTGK XGVT
`%?7 474CV KVT%GV %6J 4 .K9G
'XGV `J4IG CV `JG6/?KV
`%?7 5G 474CVG7 9T VJGT KVT%GV
K6?%7G %?VKC?G 7GKVK 5G64%G
KV J4 V GV 5GG 6?G4T? 7GG7
O74CVG7 ?64?? 4 4 ?KV 9 V4/ TG?GX4V V
64TGIKXKI 4 K 4/G7 V T4VG JGT GCG6V4VK
VJ4V JG K 45?G V CGT9T VJ4V V4/

GS%KTG 64TG9%? 474CV4VK

VTG
G?967G6G
GT6GKXG7
G?9GY646

GS%KTG 64TG9%? 474CV4VK

0GG7 9%TVJGT 7GXG?CGV
J CTKG 9 5GKI
474CV45?G 46T 6%?V%TG

45?G R WBGPGOQ CPF EGPBJGN G JKGWJEK AP B, ,GWK,GNF DQ ECJAJ

`VT%6V
V4V% 9 4 KVJ
TGCG6V V VJGT K
J%GJ?7
%GJ?7 JG47JKC
E9G4?G T 4?GF
6G G4TGT
aG6KK4/KI
KVJK J%GJ?7
O66G V TG%T6G

G4%TGGV V?

`GV

aGIT4CJK6 %TXG 9 4D
TG?4VKJKC V JG47 9G4?G
S%4?KV4VKXG 74V4 G?9TGCTV
G?9TGCTV 9 JG47JKC E4 7GCG7
G6K6 6VTK5%VK 4IG T /KJKC
C4VVGT TG4 9T 45G6G 9 4?G C4TVGTF
G?9TGCTV EK6?%7KI K9T4? ?45TF 7GIT4CJK6
74V4 7K4IITGI4VG7 5 IG7GT 4 GKV
`4TGIKXGTD GX4?%4VK 9 J
4/G 7G6KK %TXG 74V4

GS%KTG 6%?V%T4??
4CCTCTK4VG CG6K64VK

`4TGIKXGTD CGT6GCVK 9 466G V 94K?

K6G 94K? ?47 KJGTKV46G ?4 47 6%V

JG4?VJ %V6G TGXG4? VJ4V VJGTG K V 4

KC?G 46K4VK 5GVGG VJG V EGG 9T
G4C?G .G?KG N*$*F `J4T46VGTKVK6 9
G J T/ X4T 5 G6K6 ?GXG? 47
6VGV JKIJGT K6G IT%C GD
G7%64VK K 46K4VG7 KVJ T/KI 47 L5
4 5G 9T4? 47 JKIJGTC4KI CT
CC%?4VK G7%64VK VG7 V 5G %TG?4VG7 V
T/ 47 CXGTV T 9G4?G JG47JKC 4TG
46K4VG7 KVJ T/ 5%V KV K 9VG CT? C4K7
T K9T4? E'I?G N** .4V4IG 'I?G
47 GKV?K N**$F
O 9G TG6GV V%7KG J4XG 9%7 KIK64V
GI4VKXG 46K4VK 9 T/ 9T G4TKI KVJ
6JK?7 %VTKVK4? V4V% EO55K B CN N**N K
7K4 45KGG 47 )GK?GT N**1 K T4F
5VJ 64G G J47 6VT? XGT VJGKT
G4TKI )T5/K EN**bF 4? 9%7 GI4VKXG
GG6V 9 4VGT4? T/ K 6JK?7TG J GTG
%7GT 4 G4T 9 4IG ]VJGT V%7KG J4XG 9%7
GKVJGT GI4VKXG GG6V 9 T/ E47G? 47
?5G]VVGG N**14 5F T CKVKXG GG6V
9 T/ 6JK?7TG E7G )TVG B CN N**Q K
4?K T J4G 47 G55 N**Q K
0KIGT ?4% )%K?/G 47 C/K N**b K VJG
JK?KCCKG 'I?G N**N N** K )%4VG4?4
.4V4IG 'I?G 47 GKV?K N**$ K
0K64T4I%4F
JGTG 4TG GXGT4? 6KVGV C4VVGT K VJGG
V%7KG JG T/ 4 G??C4K7 E?4%
)%K?/G 47 C/K N**bF JG VJG K6G
4 K VJG J47 9 VJG VJGT T JG VJG
VJGT J47 47GS%4VG 4?VGT4VG 6JK?7 64TG 47
VJG 6JK?7 4 TG VJ4 G G4T ?7 VJG GG6V
GKVJGT 6JK?7 %VTKGV KV4/G T %VTKVK4?
V4V% GTG CKVKXG ]VJGT 946VT VJ4V
4CCG4TG7 V 4G6V %V6G 9T 6JK?7TG GTG
GK5K?KV 9 T/ 6?GG 9 T/ V JG

GT IGGT4VG %6J 69%K

5GVVGT V %G GXGT4? 7GKVK
6G G4TGT 7G V
G6G4TK? 6VT? K6G
4?K7KV 9 VJK G4%TG 4
5G ? J%?7 KVGTXKG
X4TK% 94K? G5GT
4 %G 6KGV4?
G4%TG 4 G??

4IG 9 6JK?7 47 6C4VK5K?KV 9 T/ KVJ

6JK?7 64TG T/ 6C4VK5?G KVJ 6JK?7 64TG 64
5G 5GG6K4? 9T 6JK?7TG 5%V 6C4VK5?G T/
K 9VG K9T4? 9 ? V4V% 47 CT?
C4K7 9T4? T/ 4 V 5G 4 GK5?G 4 K
9VG 4%G7 (T G4C?G KV 4 V 5G
6C4VK5?G KVJ 6JK?7 64TG K9 VJGTG K %6J
CTG%TG V KJ T/ 5 4 6GTV4K VKG 4
KVJ CKG6GT/ Ea4 47 C/K N**
,G/G N*$*F (T VJG ?KVGT4V%TG KV 4CCG4T
VJ4V K6GG4TKI G J 4TG CT
J4XG %I K94V J4XG KGK5?G 47 VKG
KVGKXG T/ J4XG ?KVV?G 6VT? XGT VJGKT
K6G T 7 V J4XG I7 4?VGT4VG 64TG
IKXGT 4 J4XG 6JK?7TG 4V TK/ 9 ? ITVJ
G 9 VJGG X4TK45?G 4TG K6?%7G7 K
45?G b 5%V VJG TG4K7GT 4 K7K64VG7 K VJG
?4V T 4TG K VJGT V45?G JG %G 9 VKG
4??64VK 4 4 G4%TG 9 6JK?7 64TG CT545?
VJG ? K7G? %G7 G4%TG 9 6JK?7 64TG V
74VG K 7K6%G7 ?4VGT
EIF GEACN KWHHGJB JEAF DQ B, ECJAJ
JG %CCTV CTXK7G7 V VJG CTK4T 64TG
IKXGT 64 K6?%7G GC?K6KV 6JK?7 64TG 4KV46G
T K9T4VK T GVK4? %CCTV CTXK7G7
V VJG 64TGIKXGT ]G 9 VJG V KCTV4V
VCG 9 6K4? %CCTV K 4?VGT4VG 6JK?7 64TG
JG 45K?KVKG 9 VJG 64TGIKXGT V CTXK7G 64TG
4 5G C4TVK6%?4T? KCTV4V 9T 6C?G
GV4T 9GG7KI 'I?G EN**1F 7KVKI%KJG
5GVGG ?GXG? 9 64TG GG7G7 4V X4TK% V4IG
9 7GXG?CGV 9 VJG 6JK?7 `4TG 5 4G
5%V VJG VJGT T 4 6CGVGV 47%?V K VJG TV
G4T 9 ?K9G K 46K4VG7 KVJ JKIJGT K94V
TV4?KV 64TG GG7 K VJG G67 G4T 9 ?K9G
4TG VK?? XGT 7G47KI 4?VJ%IJ VJG JTV

45?G b GJMNGCF CPF BAO CCANCDANABQ G ECJAJ

`VT%6V

G4%TGGV V?

`GV

]5GTXG7 VKG CGV

T/ 47 6JK?7 64TG
G64??G7 VKG CGV
T/ 47 6JK?7 64TG

]5GTXG7 K 4C?G 9 VKG T 6VK%%?

7GG VGT 4 K6?%7KI %CGTXKK T V

1QJ%T TG64?? V 6

J%?7 KVGTXKG 64TGIKXGT

T/ 6J4T46VGTKVK6
66%C4VK 4IG T4VG
G6%TKV

G?9TGCTV 6G% 74V4 9VG 4??64?G

K9T4? T/ K V 6%VG7

KVJ%V CG6K4? GTV

(?GK5K?KV 9 GC?
GV 6C4VK5K?KV KVJ
6JK?7 64TG

T/ ?64VK VKG54G7 E4IGF T V

VT4CTV4VK K%G J 45GVGGK

7%G V 6JK?7 K??G K J47?G7

3%4?KV 9 64TG 7%TKI

T/ VKG EVJGT T
VJGT 64TGIKXGTF

%TXG 6J4T46VGTKVK6 9 4?VGT4VKXG

64TGIKXGT E9T G4C?G 4IG IG7GTF 47

VJGKT 4X4K?45K?KV 5GTX4VK 9

S%4?KV 9 64TG

]5GTXG 4?? 64TGIKXGT 4IG 9

6JK?7 K?? 5G 4 6TKVK64? 946VT

4?K7KV 9 VJG G4%TG 4

5G S%KVG ?KKVG7 64 KCTXG

G4%TG KVJ I7 KVGTXKG

VG6JKS%G

CTV4V V G4KG

6VT? 9 K6G 4?VGT4VG

64TGIKXGT 47 ?GXG? 9

4GV 9 J%GJ?7

9T4? T/ 47 CKG6GT/ 4V

JG 4 V 5G

GK5?G 7GCG7 GG7 9T

K6G CTG%TG 9T

CT7%6VK

O? J%?7 4G KVT%6VK

V 4?VGT4VKXG 64TGIKXGT

4%V 9 97 CTGC4T4VK

47 9TVJ

6KI 9 VJG 64TGIKXGT 64 CGTJ4C 5G

4G?KT4VG7 5 VJG 4X4K?45K?KV 9 I7 S%4?KV
97 47 4 JG4?VJ 47 49G GXKTGV
VJG VJKT7 G4T 9 ?K9G 4 6JK?7TG 4TG 64C45?G
9 G 7GITGG 9 G?964TG .G?KGD EN*$$F
%4T 9 7KI %IIGV VJG CK5K?KV 9
GI4VKXG %V6G 9T 6JK?7TG 9 VJGT J
T/G7 7%TKI VJG TV G4T 9 ?K9G 5%V G%VT4?
T CKVKXG %V6G K ?4VGT G4T 9 ?K9G
JG S%4?KV 9 4?VGT4VG 64TGIKXKI K T4TG?
KXGVKI4VG7 JG ? 7KGK 9 S%4?KV
VJ4V J4 5GG G4KG7 94T K VJG 4IG 9 VJG
4?VGT4VG G V%7KG %IIGV VJ4V 64TG 5 4
CTGVGG 64TGIKXGT K 46K4VG7 KVJ ?GT
%VTKVK4? V4V% 9 VJG 6JK?7 %7GT V G4T
6VT??KI 9T VJGTD G7%64VK 47 6K
G6K6 V4V% E'I?G N**N .4V4IG
'I?G 47 GKV?K N**$F JGG GG6V 4TG V
%K7KTG6VK4? O?VJ%IJ GD T/ 9T
G4TKI T4?? K6TG4G 49VGT VJGKT 6JK?7TG
C4 VJT%IJ VJG 6TKVK64? TV G4T K VJG JK?
KCCKG G K VJG ?GV K6G IT%C
KVJ TG VJ4 G CTG6J? 6JK?7 4TG TG
?K/G? V T/ VJ4 VJG KVJ 9GGT CTG6J?
6JK?7TG Ea4 47 C/K N**F TG%
45? VJG J4XG 4 ITG4VGT GG7 V T/ TGI4T7
?G 9 VJG 4X4K?45K?KV 9 4?VGT4VG 64TGIKXGT
74VG VJG 4X4K?45K?KV 9 KVKV%VK4? 64TG
9T XGT %I 6JK?7TG K GVTGG? ?KKVG7 K
7GXG?CKI 6%VTKG %V 4 %5GT 9 GCGT
KGV4? 4VVGCV V CTXK7G VJK /K7 9 64TG
4TG %7GT4 47 G J4XG 5GG 45?G V
CTXK7G 64TG 9T VJG %IGV 6JK?7TG

E.G4T7 47 .47GT N**1F JG S%4?KV 9

VJGG CTIT4 7GCG7 GT%? VJG
S%4?KV 9 VJG %CCTV CTXK7G7 V VJG CGT
G? E%I N**RF JGTG 4TG G4C?G 9
6%KV TI4KM4VK VJ4V J4XG JG?CG7
K6TG4G VJG 4%V 9 97 6%G7 5 6JK?
7TG JG VJGT GTG %45?G V 7 N
O?VJ%IJ VJGTG K G GXK7G6G VJ4V 9G4?G
JG47G7 J%GJ?7 CTXK7G 5GVVGT 64TG 9T
6JK?7TG VJG XGT4?? VTG7 V4T7 4 K6TG4KI
%5GT 9 9G4?GJG47G7 J%GJ?7 4 JKIJGT
CGT6GV4IG 9 G K VJG ?45T 9T6G 47
TG ?7GT 94K? G5GT V 64TG 9T T4KG
66GT 45%V VJG 5%T7G C?46G7 VJG
CTK4T 64TGIKXGTWG ET%6G B CN
N**RF O?VJ%IJ G J%?7 5G TG KX?XG7
KVJ 6JK?7 64TG 4 G K6TG4G VJGKT VKG K
VJG ?45T 9T6G VJK 6J4IG J4 5GG ? K
6KI KVJ G VK?? CTXK7KI 94T ?G VJ4
4 GS%4? J4TG 9 VKG K J%GJ?7 6JTG 47
6JK?7 64TG EKVG7 04VK N**RF
(4VJGT 4TG C4TVK6%?4T? KCTV4V 4 4
%T6G 9 GVK4? 47 K9T4VK4? %CCTV
E'I?G 47 TG4% N**$F JGTG K G GXK
7G6G VJ4V JG VJG 6VTK5%VG 4 JKIJGT
CGT6GV4IG 9 VJGKT K6G V 94K? 5%7IGV
6JK?7TG 4TG 5GVVGT %TKJG7 E'I?G
N** N**RF JGKT T?G 4TG C4TVK6%?4T?
KCTV4V JGTG 9G4?G 4TG VT47KVK4??
G6?%7G7 4 K 4/KV4 E,4J 47 O?4
N**RF JGKT CKK 45%V 6JK?7 64TGIKXKI
64 J4XG KIK64V GG6V 7G6KK 45%V
5TG4V9GG7KI E6TKJ4 B CN N*$cF JG

0%VTKVK `%K64VK TLG6V K 4?K 4

%66G9%? K KCTXKI 6JK?7 %VTKVK4? V4V%
5 46VKXG? G6%T4IKI G V 4?VGT VJGKT 97
C%T6J4G V4T7 TG 5GG6K4? 97 9T
VJGKT KXG 47 6JK?7TG EO'a N**RF 7GT
V47KI 94VJGTD 4VVKV%7G 47 V4TIGVKI 94VJGT
9T G7%64VK GT CTKG 9T %VTKVK G7%
64VK CTIT4 (T %IIGVG7 G4%TG GG
45?G c
Q `O' O``'
`VT%6V 47 G4%TGGV V? 4TG
7K6%G7 9T V 7KGK 9 64TKI 5GJ4X
KT VKG CGV ES%4VKV 9 64TGF 47 VJG
4V%TG 9 VJG 46VKXKVKG %7GTV4/G ES%4?KV 9
64TGF T G 65K4VK 9 VJG V 7KG
K
E4F AO KHPB GP E,ANF ECJ
N1 TG6GV V%7KG %KI 5GTX4VK 47
TG64?? VKG CGV K 6JK?7 64TG T4IG7 9T 4
JKIJ 9 TG VJ4 c J CGT 74 K VJG JK?KC
CKG E?4% )%K?/G 47 C/K N**bF V 4
? 9 N$ K%VG CGT 74 K VJG 64TG 9 VJGT
5 ?G47 9G4?G K 0GC4? E4?K 47 GIK
N**R 4?K N**QF O %5GT 9
TG4 VJGT VJ4 46V%4? 7KGTG6G K 6JK?7
64TG VKG 6%?7 GC?4K VJG 7K6TGC46KG
(KTV 5GTX4VK G4%TG VG7 V TGXG4? TG
6JK?7 64TG VKG VJ4 TG64?? G4%TG G67
VJG 7GKVK %G7 9T 6JK?7 64TG 46VKXKVKG
4G6V VJG TG%?V OGGV 9 VKG CGV K
CG6K6 46VKXKVKG KVJ 6JK?7TG EGI 54VJG
9GG7F 4TG %6J ?GT VJ4 4GGV VJ4V
K6?%7G 6JK?7 4V6JKI 47 %CGTXKK JG
%CGTXKK K K6?%7G7 74K? G4 4TG 4?V

XG J%T ITG4VGT JKT7 4 4LT 7KGTG6G K

GVK4VG 9 VKG CGV K 6JK?7 64TG 7GCG7
J K%?V4G% 46VKXKVKG 4TG 67G7 G
4TG 67G7 4 GC4T4VG 46VKXKVKG TG%?VKI K 4
JKIJGT VV4? VKG VJGT KITG VJG G674T
46VKXKV
(%TVJ 4IG 4? K%G6G 6JK?7 64TG VKG
]5GTXG7 6JK?7 64TG VKG 7TC 7T44VK64??
49VGT VJG TV G4T T G4T 47 4 J4?9 E-G4
` 4/J B CN N**QF VJG 4/J V%7
$QH 9 4?? 64TG 46VKXKVKG GTG 477TGG7 V
6JK?7TG 9T MGT V Nc VJ 9 4IG
(K9VJ K G GVVKI KV 4 5G G6G4T V
GVK4VG 6JK?7 64TG VKG 5 4?VGT4VG 64TGIKXGT
4 G?? 4 VJGT VKG )T5/K EN**bF K
7GK4 5GTXG7 64TG 5 VJGT GXG
JG VJGT GTG CTGGV $$H 9 74
47 `4V?G EN**RF 9%7 %5V4VK4? 6JK?7
64TGIKXKI K 4?K (K4?? KV K 47XK45?G V 4/
CGC?G V TGCTV VJGKT VKG K 6JK?7 64TG
JG 4 V 5G 466%T4VG K TGCTVKI VKG 9
VJGT K6?%7KI ?7GT K5?KI EK/ B CN
N**QF
EKF .CNAFABQ G JECNN OB,GFK GJ BAO CNNGECBAGP
O 4?? %5GT 9 V%7KG J4XG GX4?%4VG7 VJG
466%T46 9 VKG %G 74V4 E9T G4C?G 'I?G
47 .%C/K N**1 K66K B CN N**R KM
B CN N**R 'I?G %TV47 47 %G? N**cF
JG V474T7 4CCT46J K V J4XG G CGT
5GTXG 46VKXKVKG 47 4 7KGTGV CGT KVGT
XKG VJG %5LG6V 47 6C4TG VJG %5GT 9
46VKXKVKG 6TTG6V? TG64??G7 47 VJG 466%T46 9
VJG 7%T4VK 9 TG64?? E9T G4C?G GT4T7
-K??TVJ 47 4?KGT N*$QF
G64?? GTTT T4VG X4T KIK64V? 5 VCG
9 46VKXKV IGGT4? GT K %CGTKT 9T
GXGV VJ4V 4TG G4K? 67G7 E9T G4C?G VJG
VJ4V J4XG 4 7GG7 V4TV T VC VKGF 47 9T

45?G c GEACN KWHHGJB GJ ECJAJ

`VT%6V
OX4K?45K?KV 9
4?VGT4VG 64TGIKXGT

(4VJGTD CTXKK
9 %CCTV

`%KV %CCTV

G4%TGGV V?

`GV

%TXG 9 64TGIKXGT JG VJGT K T/KI

T4VK 9 6JK?7TG V 47%?V K J%GJ?7
E7GCG7G6 T4VKF S%4?KV 9 4?VGT4VG 64TGIKXGT
E9T G4C?G 4IGF %TXG 9 JGVJGT
4?VGT4VG 4TG /GCV %V 9 6J? 9T VJK C%TCG
%TXG 94VJGTD T?G K 7G6KK4/KI
%TXG 47 5GTX4VK 9 94VJGTD J4TKI
9 J%GJ?7 47 6JK?7 64TG V4/ S%4?KV4VKXG
GVJ7 %G7 V K7GVK9 VJGT CTXK7GT
9 GVK4? T K9T4VK4? %CCTV
OGGV 9 6%KV KVKV%VK 9T 6JK?7
9GG7KI 47 64TG CTIT4 S%4?KV4VKXG 96% IT%C

0GG7 TG K9T4VK
S%4?KV 9 4?VGT4VKXG 64TG
IKXGT 7GCG7G6 T4VK
J%?7 96% 6JK?7TG
%7GT VJTGG G4T 9 4IG
]5GTX4VK K 7KY6%?V
4 %G %5VT%KXG
5GTX4VK 9 94VJGTD T?G
KCTV4V V KVGTXKG 5VJ
G 47 G
aGCG7 ?64?
KV%4VK

J45KV%4? T JKIJ? 4?KGV T KCTV4V

GXGV EGV N*$*F 9TV%4VG? 6JK?7 64TG K
4 9TGS%GV 4?KGV 46VKXKV 47 K VJGTG9TG
?G ?K/G? V 5G G67G7 47 ?G ?K/G? V 5G
TGG5GTG7 0V %TCTKKI? 46VKXKVKG %6J
4 T/ 4TG TG64??G7 KVJ TG445?G 466%T46
JGXGT TG64?? 466%T46 9T J45KV%4? 4
?KGV 46VKXKVKG ?K/G 6JK?7 64TG K %6J ?GT
E'I?G 47 .%C/K N**1 K66K B CN N**RF
4 CK?V V%7 V 7GVGTKG JGVJGT TG64??
6%?7 5G %G7 9T VJG -G4 ` K66K B CN
EN**RF 9%7 VJ4V $H 9 6JK?7 64TG 46VKXKVKG
GTG V TGCTVG7 47 66?%7G7 VJ4V 5GT
X4VK J47 V 5G %G7 K VJG V%7 VT%6
VK VJ4V 946K?KV4VG TG64?? J4XG 5GG 9%7 V
K6TG4G VJG 466%T46 9 TG64?? E'I?G 47
.%C/K N**1F
aKTG6V 5GTX4VK K CTG9GT45?G V TG64??
5G64%G KV K6TG4G VJG 6J46G 9 IGVVKI
466%T4VG G4%TG 9 VKG 4??64VK 47 4??
VJG KXGVKI4VT V 4G 7GITGG 9 KX?XG
GV 47 S%4?KV 9 6JK?7 64TG 4V VJG 4G VKG
EKKF AO KHPB GP E,ANF ECJ CK CP APFAECBGJ G
ECJ
J%?7 VKG CGV K 6JK?7 64TG 5G %G7 4 4
K7K64VT 9 64TG CTXKK G V%7KG VJ4V
G4KG7 VJG TG?4VKJKC GTG 6C4TG7 JG
%4T 9 V%7KG 7G V ?G7 VTI
%CCTV V VJG JCVJGK VJ4V 4 S%4VKV4VKXG
G4%TG 9 VJGTD VKG CGV 6JK?7 64TG
J4 4 KIK64V 46K4VK KVJ 6JK?7 %VTK
VK4? V4V% T GGTI KV4/G ]9 VJG N ?
V V%7KG 9%7 VJ4V CG7KI TG VKG
6JK?7 64TG 4 CKVKXG? 46K4VG7 KVJ 6JK?
7TGD 4VJTCGVTK6 G4%TG 5VJ 9T VJG
JK?KCCKG G 9 VJGG V JG ?4%
)%K?/G 47 C/K EN**bF 6VT??G7 9T G7
GG6V VJG ? TG4KKI 46K4VK KVJ
6JK?7 GKIJV GTG VKG CGV 5 4 9G4?G
TG?4VKXG 47 9T 6JK?7 JGKIJV VKG CGV 5 VJG
VJGT
JG TGV 9 VJG V%7KG 9%7 46K4VK
5GVGG 6JK?7 64TG VKG 47 %VTKVK4? V4V%
T KV4/G GXG JG 6JK?7 64TG VKG 4
5GTXG7 E)T5/K N**b K66K B CN N**QF
K66K B CN EN**Q C 1F TGCTVG7 VJ4V K VJG
CGTK7 5GVGG N$ 47 1 VJ 9 4IG
BB4VGT4? 6JK?7 64TGIKXKI 5GJ4XKT 4 6TKVK
64?DD 9T GGTI KV4/G 5%V VJG KIK64V
G4%TG 9 64TG 4 9TGS%G6 9 9GG7KI V
VV4? VKG CGV 6JK?7 64TG 47 9GG7KI
JK 7K6%K ?G47 V VJG 66?%K VJ4V
VJG 4%V 9 VKG CGV 6JK?7 64TG 4
V 5G %G9%? K CTG7K6VKI JGVJGT 4 6JK?7D
KV4/G T KV %VTKVK4? V4V% K?? 5G 47G

S%4VG C4TVK6%?4T? K9 G4%TG7 5 TG64??

GG4T6J TG%T6G 4 5G 5GVVGT KXGVG7 K
6??G6VKI K9T4VK CG6K6 G4%TG 9
64TG
E5F HEA:E ECJ HJCEBAEK
JGTG4 G4%TG 9 VKG CGV 6JK?7 64TG
4TG V VTI? TG?4VG7 V 6JK?7 %V6G
CG6K6 CT46VK6G J4XG 9VG 5GG 46K4VG7
KVJ CKVKXG %V6G 9T 6JK?7TG (T
G4C?G 7KGTGV 4 9 7KCKI 9 6JK?7
4VG 64 4G6V K6K7G6G T4VG 9 7K4TTJG4 4
64 JIKGG CT46VK6G ?K/G 5K?KI 4VGT CTKT V
%G E`G5% V%7 G4 N**NF JK G6VK
7K6%G CG6K6 G4%TG 9 V 64TGIKXKI
46VKXKVKGW9GG7KI 47 C6J6K4? 64TGWVJ4V
4TG 46K4VG7 KVJ 6JK?7 %V6G
EKF FAP HJCEBAEK
`4TGIKXGT CT46VK6G VJ4V 6%?7 4G6V VJG
6JK?7D %VTKGV KV4/G K6?%7G 474CV4VK 9
9GG7KI V VJG 6JK?7D 6J4T46VGTKVK6 V4/KI
KV 6K7GT4VK C6JVT 64C45K?KVKG
E%6J 4 %G 9 IGT 97 C J47?KI
45K?KV 45K?KV V %6J T 6JGF 47 4CCG
VKVG TGCKXGG 9 VJG 64TGIKXGT V 9GG7KI
KV%4VK K6?%7KI G6%T4IKI VJG 6JK?7 V
G4V GTKI 477KVK4? 97 CTXK7KI
G67 JG?CKI VK%?4VKI G4VKI VJT%IJ
VJTG4V VKKI 9 9GG7KI TGC7KI V CT
4CCGVKVG 47 KVGT46VKI CKVKXG? KVJ VJG
6JK?7 47 4CCTCTK4VGG 9 VJG 9GG7KI
KV%4VK K6?%7KI VJG TI4KM4VK 47
TGI%?4TKV 9 9GG7KI %CGTXKK 47 CTVG6
VK 9 VJG 6JK?7 JK?G G4VKI 9TGS%G6 9
9GG7KI KVTKI KVJ J VJG 6JK?7 G4V
47 G?KK4VK 9 7KVT46VK 7%TKI G4VKI
E45?G $F
EKKF FCHBCBAGP G FAP BG E,ANFbK
E,CJCEBJAKBAEK
`4TGIKXGT GG7 V 5G %TG VJ4V 6JK?7TG 4TG
64C45?G 9 G?99GG7KI 5G9TG GCG6VKI KV 9
VJG `JK?7TG 4? J4XG 4 7TKXG 9T K7GCG
7G6G 47 4 G4V TG K9 VJG 4TG 4??G7 V
%G G? ?G4TG7 IGT /K?? V CK6/ %C 97
O 6JK?7D 64C46KV V CT6G 97 5 %6/?KI
%6JKI T 6JGKI K6TG4G KVJ 4IG (T
G4C?G 5 GXG VJ 9 4IG VJG BBI4I
TGGDD XG V VJG CVGTKT VJKT7 9 VJG
VI%G CGTKVVKI VJG 6JK?7 V KIGV ?K7
TG G4K? EK??4 N**NF JG VKG KV V4/G 9T
4 6JK?7 V G4V ?K7 47 XK6% 97 7G6TG4G
KVJ 4IG 5%V V VJG VKG KV V4/G V 6%G
C%TGG JG 6JK?7D 45K?KV V J?7 4 C

45?G $ FAP HJCEBAEKa CJAJLE,ANF APBJCEBAGPK

`VT%6V
TGG6G 45G6G
9 CG6K6 64TGIKXGT
9GG7KI CT46VK6G
(TGS%G6 9 5GJ4XKT
]XGT4?? 4G6VKXG S%4?KV
9 KVGT46VK
`4TGIKXGT 5GJ4XKT K
4 VT%6V%TG7 KV%4VK

G4%TGGV V?

`GV

]5GTX4VK 9 G T TG G4VKI GCK7G

64 474CV GKVKI 64?G E9T G4C?G VJG

0%TKI `JK?7 OGGV (GG7KI 64?GF

T 7GXG?C ?KV 9 5GJ4XKT TG?4VG7 V 64TGIKXGT

TGCKXGG 47 VJG 9GG7KI GXKTGV

3%4VKV4VKXG 4GGV 9 5GJ4XKT TG?4VG7 V

9GG7KI %5GT 9 C9%? %5GT 9 V%6JG

4VG 6JK?7 47 64TGIKXGT GC4T4VG?

64?G TGCTGGVKI 74K 9

5GJ4XKT KVJ NR CKV 64?G

TGGV 4 6J4??GIG V 64TGIKXGT 47

5GTXG J4V JG 7G KVJ VJG 6JK?7 T

4/ JGT V TGCTV VJG TG%?V 4V 4 ?4VGT 74VG

`4TGIKXGT 9GG7KI CT46VK6G

K?? 7GCG7 6JK?7 5GJ4X

KT JK6J J%?7 5G TG

6T7G7 4 6CG4VG

9T 6JK?7 5GJ4XKT CT5?G

%V J4XG 64TG9%? VT4KKI

9 5GTXGT

aKVKI%KJ 94K?%TG V

VJTKXG 9T T4?

KGT6KV 6JK?7TG

TG 9VG %G7 K S%4?KV4

VKXG TGG4T6J 6%?7 5G 4

S%4VKV4VKXG VG6JKS%G

J47?G 4 6%C T IT4C 4 CKG6G 9 ?K7 97 4?

K6TG4G KVJ 4IG
T 4CCGVKVG C?4 4 4LT T?G K K47G
S%4VG %VTKGV KV4/G 9 6JK?7TG EKM B CN
N**Q GV?G ?46/ 47 %TV47 N**RF
(46VT VJ4V TG7%6G 4 6JK?7D 4CCGVKVG 4
K6?%7G 4 V% 7KGV ?46/ 9 %VTKGV
GG7G7 9T 4CCGVKVG E9T G4C?G MK6F K??GG
%6J 4 9GXGT E0G%4 B CN N**QF 7K4TTJG4
4?4TK4 G4?G KVGVK4? C4T4KVG 6JTK6
4?%VTKVK TG K VJG %VJ ECGTJ4C
64%G7 5 VGGVJKIF T 4KGV EaGVV?GT
N*$b N*$cF JGG CT5?G 4TG V %KS%G V
4?%TKJG7 6JK?7TG 4 VG7 G4T?KGT 1QH 9
C4TGV K 4Z%GV 6KGVKG TGCTV 9GG7KI
7KY6%?VKG KVJ VJGKT VG4T?7 6JK?7TG
J% VJG 64TGIKXGTD 45K?KV V 7G4? KVJ 6JK?7
4TGK4 K KIK64V 9T 6JK?7 KV4/G (T
%IIGVG7 G4%TG 9 9GG7KI CT46VK6G GG
45?G * 47 N

EKKKF CJAJbK CDANABQ BG F JKHGPKANQ

4TVK6%?4T? KVJ %I 6JK?7TG 9GG7KI 64
5G 4 46VKXG CT6G 64TGIKXGT 64 G6%T4IG
64L?G GT TG JG?CKI V4?/ V 6JK?7TG
JK?G G4VKI 7G? G4VKI 5GJ4XKT 47
KVT J %6J VJG 6JK?7 G4V 4
6KGVKG 64TGIKXGT 4TG C4KXG 9GG7GT ?G4XKI
VJG KKVK4VKXG V G4V V 6JK?7TG EVJG 6JK?7
6VT? VJG 9GG7KIF EaGVV?GT N*$c GV?G
B CN N**N 'I?G 47 GKV?K N**bF OV VJG
VJGT GVTGG 4TG 6%?V%T4? C4VVGT VJ4V %CCTV
64TGIKXGT 6VT? 9 G4VKI 6J4T46VGTKMG7 5
9T6G7 9GG7KI 47 6VK%G7 47 GXG KVT%
KXG CTG%TG 6JK?7TG V G4V ET B CN
N*$$ .4%GT 47 45K6JV N*$*F VJK 64G
T4VJGT VJ4 CTXK7KI 4 CCTV%KV 9T
KVGT46VK 47 G7%64VK4? GJ46GGV
9GG7KI 64 5G6G 4 VKG 9 6K6V KVJ
KVT%KXG 5%V KGG6VKXG 64TGIKXGT VT4VGIKG 47
JKIJ ?GXG? 9 6JK?7 TG9%4?

45?G * FAP HJCEBAEKa ,ANF CJACDNK

`VT%6V
OCCGVKVG 47 J%IGT
O74CVKXG 97
CTG9GTG6G
`JK?7 J4 6J4T46VGTKVK6
CTG9GTTG7 ET VF 5
C4TGV
JK64? 7KY6%?VKG K
G?99GG7KI

G4%TGGV V?

`GV

]5GTXG JGVJGT 97 K 6C?GVG?

G4VG T KVGTGV ?GXG? 7%TKI G4VKI

4 7GCG7 CG6K6 97 T

KKVK4? T %5GS%GV 6V46V

KVJ 97

`JK?7TG J TGLG6V 4LT 97

4TG TG %7GT%TKJG7 JKIJ

K6K7G6G 9 BBCK6/ G4VGTDD K

94K?%TGVVJTKXG 6JK?7TG

JGG CTG9GTG6G 4TG J4T7

V 4G 7KTG6V? 4 %G

9TGS%G6 9 64TG 4 4 K7K64VT

. 46K4VG7 KVJ CTGT

%6/?KI 45K?KV T4?[VT

79%6VK 94KT? 6 K

94K?%TGVVJTKXG 6JK?7TG

]5GTX4VK 9 6JK?7D KVGTGV K

V474T7 97 %TXG 9

64TGIKXGTD 5GTX4VK

G S%4?KV4VKXG GVJ7 V K7GVK9

X4TK45?GW4 5G IG7GT C4TGV4IG

CJK64? 4VVTK5%VG 5KTVJ T7GT

. 5KTVJ GKIJV E.F T4?[VT

79%6VK 4 7K4IG7 5 CJK6K4

7GXG?CGV4? 7G?4 K /K?? TG?4VG7 V

G?99GG7KI 4GG7 5 6?KK6K4

45?G N (KQE,GKGEACN ECJa ,ANF CPF ECJAJ APBJCEBAGPK

`VT%6V
`4TGIKXGT6JK?7
KVGT46VK

G4%TGGV V?

`GV

04V%T4?KVK6 5GTX4VK 9 64TGIKXGT 47 6JK?7

9T 4 JTV CGTK7 67G X4TK45?G %6J 4 7G?4
K TGC7KI VCG 9 TGCG 47 ?GXG? 9
X64?KM4VK 5 64TGIKXGT 47 6JK?7

aGCG7 4IG 9 6JK?7 47

6VGV TG?K45?G 47 X4?K7

G4%TG J4XG 5GG 7GXG?CG7

/G X4TK45?G 4TG VKG KVJ%V

KVGT46VK BB7KI VJKIDD

O?? X4?K7 G4%TG K 4 5TKG9

VKG ?KKVG7 K9 VT%6V%TG7 KV%

4VK K V 7KVK6V 9T 6JK?7D

?K9G

4 5GG %G7 K 4 X4TKGV 9

6%?V%TG GG7 V 5G 474CVG7 V

G46J GVVKI 64TG9%??

4 5G ?K/G7 V C4TGV4?

VK%?4VK 9 6IKVKXG

7GXG?CGV

`4TGIKXGT6JK?7
KVGT46VK T4VKI
64?G

4VKI 9 64TGIKXGT 5GJ4XKT K

VT%6V%TG7 VG46JKI T C?4 KV%4VK

]XGT4?? T4VKI 9
GXKTGV

]' 64?G EV474T7KMG7

T4VKI 64?GF

`4TGIKXGTD %7GT
V47KI 9 7GXG?C
GV4? K?GVG

OGGV 9 64TGIKXGTD
L%7IGV 45%V V4IG
9 7GXG?CGV

4KXG 9GG7KI 4 5G 7%G V VJG ?46/ 9

VKG 47 GGTI T V 5G?KG9 VJ4V 6JK?7TG
J%?7 V 5G CTG%TG7 V G4VWVJ4V BBVJG
V46J / KV ?KKVDD EGV?G ?46/ 47
%TV47 N**RF O?VJ%IJ VJK 5G?KG9 4 GG
TG445?G K9 4 6JK?7 J4 4TGK4 T 4 CT
4CCGVKVG GVT4 G6%T4IGGV 4 5G G6G
4T 9T 47GS%4VG %VTKGV KV4/G OTGK6
6JK?7TG 4TG 7KY6%?V V 9GG7 JG 4TGK4 K 4
CT5?G 64TGIKXGT GG7 46VKXG? V G6%T4IG
97 6%CVK %V VJK G4 J4XKI VJG
VKG /?G7IG TG%T6G G?967G6G
47 %CCTV V G6%T4IG 4TGK6 6JK?7TG V
G4V E)TKYVJ N*$$F
JGTG 9GG7KI G6%T4IGGV K T4??
? K6TG4G7 G6%T4IGGV 9 G4VKI J4
5GG 5GTXG7 JG 6JK?7TG 4TG K?? EGV?G B
CN N**NF T TG9%G 97 E'I?G 47 GKV?K
N**bF JGG 7KI %IIGV VJ4V 46VKXG 9GG7
KI 4 J4XG 4 6CG4VT T4VJGT VJ4 4
GJ46GGV T?G VJGT T7 VJG 64TGIKXGT
4 9GG7 TG KVGKXG? K9 JG CGT6GKXG VJ4V
VJG 6JK?7 K V G4VKI `4TGIKXGT %7GTV47KI
9 47 TGCG V 6JK?7TGD J%IGT 6%G 4
5G 6TKVK64? 9T 47GS%4VG 97 KV4/G (T
G4C?G K9 64TGIKXGT CGT6GKXG 4 6JK?7D VI%G
VJT%V 4 VCK64? %VJKI TGCG V G 97
G4VK 4V 4 C4TVK6%?4T 4IG 4 4 97 TG9%4?
47 6G4G V 9GG7 4 6JK?7 K?? TG6GKXG ?G 97
E-V6J45J4/7K B CN N*$cF
V%7KG 6C4TKI 94K?%TGVVJTKXG 6JK?7TG
KVJ T4?? ITKI 6JK?7TG J4XG 9%7
7KGTG6G K VJG 9GG7KI V?G 9 VJG V
IT%C 94K?%TGVVJTKXG IT%C 4 4%VJT
KV4TK4 7K6KC?K4T 4CCT46J 4 XGTTK7G
6JK?7TGD KVGT4? TGI%?4VT VG 9T
J%IGT 47 VJGTG 4 5G ? 4VGT4?

TGCKXGG 47 GKVKXKV V 6%G JK

V?G 4 5G 65KG7 KVJ 94K? K?4VK
47 CK5? KVJ 7KY6%?V VGCGT4GV T
%5V?G T4?[VT 9GG7KI CT5?G K VJG 6JK?
7TG ?G47KI V 4 5TG4/7 9 VJG 64TGIKXGT
6JK?7 TG?4VKJKC E46JGG B CN N** ?46/
N**RF VGTXGVK V 7K9 VJGG TG?4VK
JKC VJT%IJ K6TG4KI 94K? %CCTV J4XG
GV KVJ ? 7GV %66G E9T G4C?G
aTV4T B CN N**F 4?VJ%IJ G 64TG9%??
GG6%VG7 GCGTKGV4? KXGVKI4VK JG7
KIK64V GG6V 6IKVKXG 7GXG?CGV
4?VJ%IJ V ITVJ 4I 6JK?7TG JG VJG
KVGTXGVK 5GI4 CTKT V N1 VJ E?46/
B CN N**RF VT4VGIKG VJ4V %G 5GJ4XKT 7K
64VK K6?%7KI J4CKI 9 C4TGV4? 5GJ4XKT
47 CTGGV4VK 9 CKVKXG T?G 7G? J4XG
TG%?VG7 K 6J4IG K 9GG7KI CT46VK6G (T
G4C?G 4I O9TK64OGTK64 47?G
6GV VJGT 4 XK7GV4CG 9 CKVKXG 9GG7KI
CT46VK6G VJ4V 4 6%?V%T4?? 4CCTCTK4VG 47
TG?KG7 6K4? ?G4TKI VJGT TG%?VG7 K
KIK64V 6J4IG K VJG VJGTD 4VVKV%7G
V4T7 6JK?7 9GG7KI 47 K 5GTXG7 4VGT4?
G4?VKG 5GJ4XKT %6J 4 4VGT4? 6%
K64VK 4%V 9 XGT54?KM4VK 47 S%4?KV
9 XGT54?KM4VK E?46/ 47 GVK N**cF (T
%IIGVG7 G4%TG GG 45?G $ 47 *
EKXF , FAP KABWCBAGP
`JK?7TG 64 5G 9G7 4 TGI%?4T 54K G46J
74 KVVKI K 4 CTG6TK5G7 C?46G KVJ 97
G4K? 466GK5?G T 9GG7KI 64 66%T JK?G
6JK?7TG 47GT 4T%7 T 4V 4 VKG VJ4V VJG
64TGIKXGT 7 6XGKGV `JK?7TG 64 5G
G4K? 7KVT46VG7 C4TVK6%?4T? K9 97 K 7KY6%?V
V G4V E9T G4C?G %C KVJ 4 C VJ4V K

5G7 VJG 6JK?7D 45K?KV V J47?GF T V

C4TVK6%?4T? V4V 9 %CGTXKK 9 9GG7KI K
V 47GS%4VG VJGT K5?KI T GXG 4K4?
4 V4/G 47X4V4IG 9 4 %I 6JK?7D X%?GT
45K?KV 47 V4/G 97 44 T 97 4 5G
CK??G7 VJG IT%7 (GG7KI 9T 4 6
CV 4 TG7%6G VJG 6J46G 9 4 %IGT 6JK?7
IGVVKI G%IJ 97 47 4 4/G KV J4T7GT
9T 4 64TGIKXGT V 5G %TG 97 J4 5GG 4??
64VG7 V VJG %IGV 6JK?7
V%7KG K 7GXG?CKI 6%VTKG J4XG 9%7
46K4VK 5GVGG CG6K6 9GG7KI 5GJ4XKT
%6J 4 ?64VK 9 9GG7KI TI4KM4VK 9 VJG
9GG7KI GXGV 47 %G 9 C KVJ VJGTD
G7%64VK E)%?74 B CN N**F JG 4%VJT
66?%7G VJ4V TG G7%64VG7 VJGT J47 TG
?45TKVGKXG 6JK?7 64TG VT4VGIKG C4TVK6%
?4T? K G?G6VKI 4 6?G4 47 CTVG6VG7 ?64VK
9T 9GG7KI .K/4IG KVJ 6JK?7 %VTKVK4?
V4V% GTG V 47G
`4TGIKXGT 4 V 5G 44TG 9 J %6J
VJGKT 6JK?7TG G4V G CTLG6V 9%7 VJ4V JG
VJGT C4K7 TG 4VVGVK V VJG S%4VKV
6JK?7TG 4VG VJG GTG %TCTKG7 5 VJG 4??
4%V 47 GTG K??KI V K6TG4G 4%V
9G7 EaK6/K )TKYVJ 47 KM N**cF JG
6JK?7TG 4TG 9G7 9T 4 6 CV VJG
4%V G4VG K V G4 V 7GVGTKG 4XKI
4 GC4T4VG 5? 9T G46J 6JK?7 64 JG?C VJG
64TGIKXGT GX4?%4VG VJG S%4VKVKG G4VG
EXF CKWJOPB BGGNK BG CKKKK ECJ D,CAGJK
CPF HJCEBAEK AP FAP
(KXG VCG 9 5GTX4VK4? G4%TG J4XG
5GG %G7 V G4KG 6JK?7 47 C4TGV 5GJ4XKT
K 9GG7KI KV%4VK 5GTX4VK 9 VKG CGV
9GG7KI CTGG6G T 45G6G 9 CG6K6
9GG7KI CT46VK6G S%4VKV4VKXG 4GGV
E9TGS%G6 9 CG6K6 9GG7KI 5GJ4XKTF
5GJ4XKT4? T4VKI EV G4%TG VJG S%4?KV 9
VJG 64TGIKXGT6JK?7 KVGT46VKF 47 VT%6V%TG7
KV%4VK 6J4??GIG EVJG 64TGIKXGT K CTGGVG7
KVJ 4 G 97 47 JGT TG46VK 4TG
5GTXG7F G64?? 9 6JK?7 T 64TGIKXGT VKG
CGV 9GG7KI 7K6%G7 K 4 CTGXK%
G6VK K?? V 5G 6K7GTG7 JGTG
'DKJCBAGP G KHEA:E HJCEBAEK JG V
6? %G7 4GGV VG6JKS%G K V 67G
VJG CTGG6G T 45G6G 9 6JK?7 T 64TGIKXGT
5GJ4XKT 4 GTKG 9 KVG E4T4T7 B CN
N*$* 46JGG B CN N** 'I?G 47 GKV?K
N**b )%?74 B CN N**F JG V K7G?
%G7 KVT%GV K 6?KK64? GVVKI K VJG
KVG7 V4VG J4 5GG VJG 0%TKI `JK?7
OGGV (GG7KI 64?G E0`O(F E4T4T7
B CN N*$*F K JK6J VJG 5GTXGT 4V6JG 4

KI?G KV46G 9 6JK?7 9GG7KI 47 T4VG VJG

5GJ4XKT 466T7KI V 64TG9%?? 7GG7 CGT4
VK4? 6TKVGTK4 cb KVG JG 4%VJT J4XG
7GG7 4 VJTGJ?7 E4 6TG 9 R T ?GF JK6J
J4 5GG J V 7KVKI%KJ JKIJ 47 ?
TK/ K94V 9GG7KI 5GJ4XKT E(4TG? B CN
N**NF JG 64?G K X4?K7 VJT%IJ N1 VJ 9
4IG G 9 VJG 64?G TGS%KTG VJ4V VJG 5GTXGT
5G VT4KG7 V 46JKGXG 4 ?GXG? 9 66T746G
KVJ 4 CTGXK%? 6GTVKG7 VT4KGT ]VJGT 64?G
9T VJG KVG7 V4VG K6?%7G VJG 46JGG
E1R KVGF VJG `TKVVG7 E$N KVGF 47 VJG
`J4VT EQb KVGF E46JGG B CN N**F JG
TG KVG VJG 5GVVGT VJG 64?G 7K6TKK4VG
5GVGG VJG KVJ 47 KVJ%V 9GG7KI 7KY
6%?VKG
7GXG?CKI 6%VTKG 4 KK?4T 4CCT46J
J4 5GG %G7 )%?74 B CN EN**F K 4I?4
7GJ 9%7 4 %5GT 9 64TGIKXGT CT46VK6G VJ4V
7KGTG7 466T7KI V VJG VJGTD G7%64VK
47L%VKI 9T J%GJ?7 G7%64VK G4?VJ
6JK?7 4IG 5KTVJ T7GT 47 IG7GT 4TK45?G
46K4VG7 KVJ 4VGT4? G7%64VK K6?%7G7
G 9T G46J 9 VJG VJTGG 64VGITKG 7GG7
G4T?KGT 474CV4VK V VJG 6JK?7D C6JVT
/K?? E%5GT 9 IGT 97 9GG7KI CGT J%T
6JK?7 ?G ?K/G? V 9GG7 G?9 CGT6GV 9 VKG
%KI 6%C CGT6GV4IG 9 VKG %KI 5VV?GF
BBTGCKXGG 9 VJG 9GG7GTDD EVK6KI JG
97 4 7TCCG7 JGVJGT VJGT KKVK4VG7 VJG
9GG7KI 64TGIKXGT ?G ?K/G? V 5G 7KI G
VJKI G?G 4V VJG 4G VKG 4 5TG4V9GG7KIF
47 VJG 9GG7KI KV%4VK E?64VK 6?G4?KG
45G6G 9 7KVT46VKF )%?74 B CN EN**
C *1RF 66?%7G VJ4V TG G7%64VG7 VJGT
47CVG7 BBTG 4VVGVKXG 9GG7KI CT46VK6GDD 47
BBTG ?45TKVGKXG 6JK?7 64TGDD `JK?7
5GJ4XKT JGXGT 4 V 4GG7
JG )%?74 B CN EN**F V%7 9%7
9TGS%G6 9 9GG7KI V 5G 46K4VG7 KVJ
4VGT4? G7%64VK JK X4TK45?G J4 4CCG4TG7
V 5G 46K4VG7 KVJ 6JK?7 4VJTCGVTK6
V4V% K GXGT4? V%7KG (TGS%G6 9 9GG7KI
5GTXG7 7%TKI 6VK%% 5GTX4VK 4
46K4VG7 KVJ 6JK?7 %VTKVK4? V4V% 9T
6JK?7TG N$1 VJ 9 4IG K -G4 EK66K
B CN N**QF
'I?G 47 GKV?K EN**bF 5GTXG7 c 7KGTGV
KVG CGT G4VKI GXGV K 44I%4 0K64T4I%4
47 6VT%6VG7 4 64?G 9T 46VKXG 9GG7KI
5GJ4XKT 9 VJG 64TGIKXGT 47 6JK?7 7G47
9T 4 %5GV 9 VJG KVG JGTG4 6JK?7
7G47 4 CKVKXG? 46K4VG7 KVJ %VTK
VK4? V4V% 46VKXG 9GG7KI 4 V T4VJGT
46VKXG 9GG7KI 4 46K4VG7 KVJ 4 6JK?7D ?46/
9 KVGTGV K 97 %IIGVKI VJ4V 64TGIKXGT K

VJK KV%4VK 4 9GG7 46VKXG? K TGCG V

6JK?7 TG9%4?
GV?G B CN EN**N N**1F 7GXG?CG7 4 6T
KI VG V G4%TG 6JK?7 47 64TGIKXGT
5GJ4XKT 9T G46J 97 T4VJGT VJ4 9T G46J
G4VKI GXGV 4VJGT VJ4 4GKI VJG CTGG6G
T 45G6G 9 CG6K6 5GJ4XKT VJG
6VT%6VG7 4 )%VV4 64?G 9T 6JK?7 5GJ4X
KT 47 9T 64TGIKXGT 5GJ4XKT JG 4%C
VK 5GJK7 4 )%VV4 64?G K VJ4V VJGTG K 4
?IK64? T7GT 4I 7K6JV%? 67G7
KVG 47 VJ4V VJG VG7 V 4?4 4CCG4T K
VJ4V T7GT JGTGVK64?? 4 64?G 54G7 4
6TTG6V KC?K6KV T7GTKI K?? 5G TG CTG7K6VKXG
VJ4 4 64?G 54G7 4 KC?G % 4 K VJG
'I?G 47 GKV?K EN**bF V%7 (T VJG 6JK?7
VJG VJTGGCKV 64?G 4 97 TG9%4? 97
4CCGVKVG 47 97 TGS%GV (T VJG 64TGIKXGT
VJG 64?G 4 TGCG XGT54? G6%T4IG
GV XGT54? CTG%TG 47 CJK64? 9T6G JG
64?G K??%VT4VG7 VJ4V 64TGIKXGT GTG TG
46VKXG 9GG7GT JG VJG 6JK?7TG GTG 6X4
?G6KI 9T 7K4TTJG4 VJ4 JG VJG GTG
JG4?VJ EGV?G B CN N**NF
WCPBABCBA CKKKKOPBK G FAP D,CAGJK
JK 4CCT46J 6%V VJG %5GT 9 KV46G
T4VJGT VJ4 VJG CTGG6G T 45G6G 9 4
5GJ4XKT 7%TKI 4 9GG7KI GCK7G E?4 47
4T7 N**Q 47GT B CN N** -?GIG B CN
N*$b GKV?K %GT 47 ,J N*$*F 9
5GJ4XKT 4TG TG?4VKXG? 7K6TGVG VJG %5GT 9
KV46G 9 VJ4V 5GJ4XKT 7%TKI 4 9GG7KI
GCK7G %6J 4 VJG %5GT 9 VKG VJG
VJGT V%6JG VJG 6JK?7 64 5G 6%VG7
E?4 47 4T7 N**QF 47GT B CN EN**F
T4VG7 VJG 9TGS%G6 9 NQ C4TGV 47 Nc 6JK?7
5GJ4XKT %KI VJG G4?VKG ]5GTX4VK
6JG7%?G K O%VT4?K4 (T 5GJ4XKT X4TKI K
7%T4VK G 64 67G JGVJGT T V VJG
5GJ4XKT K 66%TTKI 49VGT 4 G7 KVGTX4? E9T
G4C?G GXGT XG K%VGF GKV?K %GT
47 ,J EN*$*F 67G7 VJG CTGG6G 9
46VKXG 9GG7KI 5GJ4XKT 47 6JK?7 9GG7KI
5GJ4XKT GXGT XG G67 9T GK64
K94V G46J 64G VJG G4%TGGV 4 45?G
V 7KGTGVK4VG 5GVGG 6JK?7TG J GTG
ITKI G?? 47 VJG J GTG ITKI
CT?
,CAGJCN JCBAPK JK VG6JKS%G T4VG VJG
XGT4?? S%4?KV 9 VJG 6JK?764TGIKXGT KVGT46
VK ?46/ B CN EN**QF J4XG %G7 KV 54G7
VJG 67KI 6JGG 9T VJG 4TGV `JK?7 '4T?
G?4VK OGGV E`'OF E`?4T/ N*$RF
JG VG6JKS%G 9 5GJ4XKT4? T4VKI K K7G?
%G7 9T VJG 4GGV 9 6JK?7 5GJ4XKT E9T
G4C?G VJG GJ4XKT 4VKI 64?G 9T VJG

4?G 64?G 9T 94V aGXG?CGV 4?G

N**F K VJG KVG7 V4VG 47 J4 5GG %G7 K
7GXG?CKI 6%VTKG E'I?G B CN N**bF O
74K 9 5GJ4XKT K 7GG7 E9T G4C?G
BB4TGV TG47 6JK?7D 6%G 47 TGC7 GK
VKXG? 47 4CCTCTK4VG?DDF KV K 64TG9%??
7G6TK5G7 K 5GJ4XKT4? VGT E9T G4C?G
BBJK X4TK45?G K 6CG7 9 C4TGVD 45K?KV
V 466%T4VG? 5GTXG VJG 6JK?7D 6%G V
%7GTV47 J4V VJG 6JK?7 GG7 47 4V
47 V 7GVT4VG VJG 64C46KV V TGC7
4CCTCTK4VG?DDF KVJ G 5GJ4XKT4? 7G6TKC
VK EBB9T G4C?G K9 4 K94V S%KT T
J 7K69TV K VJG 4 JG T JG K JG?7 4
C4TGV 47L%V J?7KI CKVK K9 4 ?7GT
K94V V%I 4V VJGTD /KTV JG TGC7 V
VJG GG7 9T 4VVGVK 5 V%6JKI J?7KI
GV6DDF E?46/ B CN N**QF
4VKI 9T VT4KG7 67GT J4XG 5GG 9%7
V 7K6TKK4VG 5GVGG 6JK?7TG ITKI G??
47 V ITKI G?? K VJG KVG7 V4VG
E?46/ B CN N**Q N**RF ]G 9 VJG TG4
9T %KI 4 T4VKI VG T4VJGT VJ4 CTG7GG7
67G K VJ4V VJG 64TGIKXGTD XGT4?? V?G T4VJGT
VJ4 CG6K6 5GJ4XKT 4 5G 4 5GVVGT
CTG7K6VT 9 6JK?7 %V6G
BJWEBWJF KABWCBAGP E,CNNP 7GT VJG
T%5TK6 9 BB6K4? 4T/GVKIDD VJG 4
)T%C J4 GC?G7 4 VT4VGI 9 CTGGVKI
VJG 64TGIKXGT KVJ 4 6J4??GIG %6J 4 4 G
97 47 5GTXKI VJG 64TGIKXGTD 5GJ4XKT V
4G 466GCV45K?KV 47 CVGVK4? CT5?G
KVJ VJG KVT7%6VK aK6/K )TKYVJ 47
KM EN**cF GC?4K VJG VG6JKS%G K ITG4V
7GV4K? 47 VJG 4 KV J%?7 5G %G7 O?VJ%IJ
G 6%?7 67G G46J 5GTX4VK VG4VK64??
VJG 4%VJT J4XG %G7 KV K 4 TG S%4?KV4VKXG
4GT 4GKI JGVJGT VJG KX4VK 4
466GCV45?G 47 J4V /K7 9 CT5?G
4CCG4TG7 V 4TKG K VJG KV%4VK 4?K7KV 9
VJG GVJ7 4 V 4GG7
JGG G4%TGGV VG6JKS%G 4TG 9
6%TG CTG V GVJ7?IK64? CT5?G
aG VJG 64TGIKXGT 5GKI 5GTXG7 GJK5KV
VCK64? 5GJ4XKT ]G 64 4TI%G VJ4V GXG K9 VJG
64TGIKXGTD 5GJ4XKT K 4?VGTG7 JG K CT545?
7GVT4VKI JGT VK 9 K7G4? 5GJ4XKT
JK6J 64 5G TGXG4?KI (T G4C?G ?46/
B CN EN**QF 9%7 VJ4V QH 9 VJGT 9
6JK?7TG KVJ 94K?%TG V VJTKXG GTG 5GTXG7 V
GI?G6V VJGKT 6JK?7TG EKVGT46VKI T4TG?F K
CKVG 9 5GKI XK7GV4CG7 K 4 6?KK64? GVVKI 4
5GJ4XKT VJG KIJV J4XG 9G?V 4 V K7G4?
JGTG 7G 4CCG4T V 5G GXK7G6G 9T VJG
X4?K7KV 9 VJGG G4%TG K6G 4 %5GT 9
V%7KG J4XG K7K64VG7 VJ4V VJG 64 7K6TKK

4VG 5GVGG 6JK?7TG KVJ 9GG7KI 7KY6%?VKG

47 T4?? ITKI 6JK?7TG EGGT 47
-G??G N**QF O G67 66GT KVJ VJGG
T4VJGT 5TKG9 5GTX4VK K VJGKT TG?K45K?KV XGT
VKG E%?7 VJG 6JK?7 47 64TGIKXGT 5GJ4XG VJG
4G 4 4 7KGTGV 74F 4T4T7 B CN
EN*$*F 9%7 6KVG6KG K 4VGT4? 9GG7KI
5GJ4XKT 7%TKI VJG TV G4T 9 ?K9G 5%V TG
TGG4T6J K GG7G7 K VJK 4TG4 O VJKT7 66GT
K VJG IGGT4?KM45K?KV 9 VJGG 5GJ4XKT V 4
7KGTGV /K7 9 5GJ4XKT E9T G4C?G K 4
64TGIKXGT J K TGCKXG V VJG 6JK?7 7%TKI
9GG7KI 4? TGCKXG V VJG 6JK?7 7%TKI
C?4F ?46/ B CN EN**RF 9%7 VJ4V VJGTG 4
TG X4TK45K?KV K 4VGT4? 6VT? K VJG
C?4 KV%4VK VJ4 VJG 9GG7KI KV%4VK
CT545? 5G64%G 9GG7KI 5GJ4XKT 4TG TG
6VT4KG7 5%V 4VGT4? %TV%T46G 4
KK?4T K VJG V GVVKI
]VJGT CT5?G K6?%7G 7G6K7KI JK6J
5GJ4XKT V 67G GV45?KJKI VJG TG?K45K?KV 9
67KI 9 VJG 5GJ4XKT 7GKI VJG 64VGITKG
CGT4VK4?? 47 7G6K7KI VJG 4CCTCTK4VG
GVVKI K JK6J V GX4?%4VG VJG 5GJ4XKT V K
GGVK4? VJ4V 5GTXGT 5G G?? VT4KG7 47
V474T7KMG7 K T7GT 9T VJG 4GGV V
J4XG X4?K7KV EG4KIF (T %IIGVG7
G4%TG GG 45?G $ 47 *
EXKF (KQE,GKGEACN ECJ
6J6K4? 64TG TG9GT V VJG CTXKK 9
4G6VK 47 4TVJ TGCKXGG V VJG
6JK?7 47 VJG G6%T4IGGV 9 4%V 47
GC?T4VK VJK 4TG4 4 K VJGT K VJG
KCTV46G 9 6%?V%TG 6GVT4? O VG7 G4T?KGT
K VJG G6VK 6%?V%TG 4 %KXGT4? CGTCG6VKXG
%?7 %IIGV VJ4V VJG 4G 9%6VK E9T
G4C?G JKI 4G6VKF 4 5G 7G
VT4VG7 7KGTGV? 9T G 6%?V%TG V 4VJGT
47 64TG9%? T/ KVJ G5GT 9 VJG 6%?V%T4?
IT%C K TGS%KTG7 V 5G %TG VJ4V 6TTG6V KVGT
CTGV4VK 9 5GJ4XKT 4TG 47G (T G4C?G
4G6VK 64 5G J VJT%IJ CJK64? XK%4?
47 XGT54? 6V46V KVJ 6JK?7TG %V VJG
C4VVGT 9 GCTGK 4 X4T 5 6%?V%TG
G6/GT 47 G6/GT EN**Q C N*1F 4T VJ4V
BB4 IKXG K7K64VT 9 4VGT4? 4VV46JGV 4
7GTKXG7 K G T46K4? IT%C 4 V G6G4TK?
5G X4?K7 K VJGT T46K4? IT%CDD
EXKKF CKWJOPB G HKQE,GKGEACN ECJ
JTGG 64VGITKG 9 G4%TG 9 C6J6K4?
64TG 64 5G 7G6TK5G7 7KTG6V G4%TGGV 9
6JK?764TGIKXGT KVGT46VK 4GGV 9 VJG
JG GXKTGV 47 4GGV 9 VJG
6JK?7D 4CCG4T46G

'DKJCBAGPK G E,ANFTECJAJ APBJCEBAGP

CK64?? VJG 9TGS%G6 9 64TGIKXGT 5GJ4XKT
6JK?7 5GJ4XKT 47 6JK?764TGIKXGT KVGT46VK
C4VVGT 4TG 67G7 E4J4K94T B CN N**1F
GJ4XKT V 9VG 4GG7 4TG XGT54?KM4
VK 9 6JK?7 47 64TGIKXGT 47 ?/KI 47
V%6JKI 4?VJ%IJ VJGG 5GJ4XKT K?? X4T
KVJ VJG 4IG 9 VJG 6JK?7 O G67 VG6JKS%G K
V CTGGV VJG 64TGIKXGT KVJ 4 V4/ %6J 4
4/KI JGT V C?4 KVJ 4 CG6K6 V KVJ VJG
6JK?7 47 VJG T4VG JGT 5GJ4XKT 4 6JG6/?KV
E4T4T7 B CN N*$*F T 6%V VJG %5GT 9
VKG 4 GXGV 66%T GXGT4? V%7KG %IIGV
V 6JK?7 TK/ 946VT 4 6JK?7 K K46VKXG EBB7KI
VJKIDDF 4 JKIJ CGT6GV4IG 9 VJG VKG 47 4
6JK?7 K 64TTKG7 47 JG?7 G6GKXG? 49VGT N$
VJ KIJ T4VG 9 J?7KI 47 64TTKI 9
6JK?7TG 5G7 N$ VJ J4 5GG GI4VKXG?
46K4VG7 KVJ 6IKVKXG 7GXG?CGV 47
6K4? KVGT46VK KVJ VJGT 6JK?7TG E46J
B CN N**N KI4 B CN N*$*F 5VJ 5G64%G
VJG J?7KI 47 64TTKI TGVTK6V VJG CCTV%
KVKG 9T ?G4TKI 47 5G64%G 6JK?7TG J
6JG V 5G JG?7 VG7 V 5G ?KIJVGT 47 4TG
TG ?K/G? V 5G K?? EKI4 B CN N*$*F
KKKKOPB G B, ,GO PAJGPOPB JG
V 6? %G7 I?54? 4GGV 9 VJG
?KXKI KV%4VK K VJG G ]5GTX4VK 9T
G4%TGGV 9 VJG 'XKTGV E]'F
64?G KI VJK 64?G K 4 KVGTXKG KVJ VJG
64TGIKXGT 5VJ VJG GXKTGV 47 K6K7G6G
9 CKVKXG GG6V 5GVGG 64TGIKXGT 47 6JK?7
4TG T4VG7 ET47?G 47 `4?7G?? N*$QF JG
]' 64?G 4GG 5VJ VJG GVK4?
TGCKXGG 9 VJG 64TGIKXGT 47 VJG 6J4T
46VGTKVK6 9 VJG GXKTGV VJ4V 4TG
%CCTVKXG 9 4%V 47 GC?T4VK 5 VJG
6JK?7 EK6?%7KI 4XK746G 9 C%KJGV
CTXKK 9 4CCTCTK4VG C?4 4VGTK4? T
?64VK CCTV%KVKG 9T X4TKGV K 74K?
VK%?4VK 47 TI4KM4VK 9 VJG CJK64?
47 VGCT4? GXKTGVF V J4 5GG 474C
VG7 47 %G7 K 4 6%VTKG 47 J4 J47
6KVGV CKVKXG 46K4VK KVJ 6IKVKXG
7GXG?CGV K 4 X4TKGV 9 GVVKI ET47?G
47 `4?7G?? N*$Q T47?G B CN N*$*F K
477KVK V 6VT??KI 9T VJG GG6V 9 6K
G6K6 V4V% (T %IIGVG7 G4%TG GG
45?G N 47 NN
R `]0`.]0 O0a O'O (]
(' ''O`
GGVKI VJG GG7 9 VJG J%IT 47
477TGKI VJG CT5?G 9 4?%VTKVK

45?G NN (KQE,GKGEACN ECJa ,ANF CJACDNK

`VT%6V
O?GTVG T
7TKG
GT54?KM4VK
4VG 9 VT 47
GV4? 7GXG?CGV
JK64? JG4?VJ T
7K45K?KV V4V%

G4%TGGV V?

`GV

T4MG?V OGGV 64?G 9T G5T

5GTX4VK 9 6JK?7 5GJ4XKT

`%V XGT54?KM4VK

7%TKI 5GTX4VK

GV 5GTX4VK

TG 64TGIKXGT KVGT46VK KVJ

TG 4?GTV 6JK?7TG

G4%TGGV 7GCG7

4IG 9 6JK?7

'4T?KGT 46JKGXGGV 9 VT

7GXG?CGV 46K4VG7 KVJ

6IKVKXG 7GXG?CGV

aGCG7 C4TVK6%?4T

7K45K?KV

%TXG 5GTX4VK

6?KK64? 5GTX4VK

TGS%KTG 4 %7GTV47KI 9 G46J VGC K VJG

CT6G 9T GG7 K VJG IT%7 V 97 K VJG
%VJ JG TV VGC K VJK CT6G J4XG
TG6GKXG7 VJG V 4VVGVK JK C4CGT
JGXGT K 66GTG7 KVJ 66GCV%4? 7GXG?
CGV K VJG ?4V V4IG 9 VJG CT6G J
VJG X4TK% 4CG6V 9 64TG 9 %I 6JK?7TG
4G6V VJGKT %VTKGV KV4/G 47 VJGKT %VTKVK4?
V4V% O KV 5G6G K6TG4KI? 466GCVG7 VJ4V
4 46VKXKVKG K 6JK?7 64TGW9GG7KI CT46VK6G
97 CTGC4T4VK 47 VT4IG JIKGG 466G
V JG4?VJ 64TG 47 C6J6K4? VK%?4VKW
6VTK5%VG V I7 %VTKVK 9T VJG 6JK?7 4
V G4%TG VJG 47GS%46 9 64TG %V 5G
7GXG?CG7 JK TGCTV J4 TGXKGG7 VJG
0`'( 66GCV%4? 9T4GT/ V 64TG
CT46VK6G 9GG7KI 47 C6J6K4? 64TG 47
TG%T6G 9T 64TG 47 VJGKT KCTV46G 9T
6JK?7 %VTKVK (T VJG ?KVGT4V%TG TGXKGG7
G 66?%K 64 5G 47G TGI4T7KI
TG%T6G 9T 64TG VJG GG6V 9 VJG 6JK?7
64TG CTXKK VJG G4%TGGV 9 64TG 47
TGG4T6J GG7
E4F KGWJEK GJ ECJa WOCPS EGPGOAES CPF
GJCPARCBAGPCN
EKF FWECBAGPS MPGYNFS CPF DNAK
'7%64VK 9 VJG VJGT K 9VG 46K4VG7
KVJ 4 ITG4VGT 6KVGV V 64TG 9 VJG 6JK?7
'7%64VG7 G VG7 V CTXK7G 5GVVGT JG
JG4?VJ 64TG 47 JIKGG 47 VJG 4TG TG
?K/G? V GG/ JG?C JG 4 6JK?7 K K?? %V VJG
GI4VKXG K7G 5GVVGTG7%64VG7 G K 7GXG?
CKI 6%VTKG VG7 V VGTK4VG 5TG4V9GG7
KI G4T?KGT
EKKF CNB, CPF PWBJABAGPCN KBCBWK G B, ECJAJ
4 G K 7GXG?CKI 6%VTKG 4TG
6JTK64?? K?? T %7GT%TKJG7 V%7KG J
VJ4V ?46/ 9 KT 7G6TG4G CT7%6VKXKV 47
bH 9 G K %VJ OK4 J4XG KT7G

6KG6 4GK4 O?VJ%IJ 4 7KTG6V ?K/ 5GVGG

64TGIKXGT %VTKVK4? V4V% 47 S%4?KV 9 64TG
J4 V 5GG V%7KG7 GVGKXG? C4VVGT
K7K64VG VJ4V G 64TG 9T VJGKT 6JK?7TG ?G
7%TKI CGTK7 9 97 JTV4IG CGTJ4C
5G64%G VJG %V CG7 TG VKG ?/KI 9T
97 47 5G64%G VJGKT GGTI ?GXG? 4TG ?
EKKKF PBCN ,CNB,S NCEM G KBJKKS CPF
KNTEGP:FPE G B, ECJAJ
O ?4TIG 57 9 ?KVGT4V%TG ?K/ 4VGT4?
7GCTGK 47 VTG KVJ CT 64TGIKXKI K
VJG 7GXG?CG7 6%VTKG 5%V 9G V%7KG V
GV45?KJ VJK 6G6VK J4XG 5GG 7G K
7GXG?CKI 6%VTKG G4%TG 9 7GCTGK
47 VTG J%?7 5G 7GXG?CG7 VJ4V 4TG V4K?TG7
V VJG 7GXG?CKI 6%VTKG K6G VJG GVJ7
VJ4V J4XG 5GG %G7 4 V 5G 4CCTCTK4VG
46T 6%?V%TG
EKXF WBGPGOQS EGPBJGN G JKGWJEKS CPF
APBJC,GWK,GNF CNNGECBAGP
V%7KG J4XG J VJ4V JG G
6VT? J%GJ?7 TG%T6G VJG VG7 V
4??64VG ?4TIGT 4%V 9 TG%T6G %6J 4
97 V 6JK?7TG VJ4 JG G 4TG K 6VT?
T/KI 9T K6G 7G V 4?4 G4 VJ4V
4 4 J4 6VT? 9 K6G
EXF GJMNGCF CPF BAO EGPKBJCAPBK
O66T7KI V VJG ?KVGT4V%TG G CG7
TG VKG VJ4 G K 4?? T/ 46VKXKVKG
477KVK V 6JK?7 64TG G 9VG %V
I4VJGT 7 64TT 4VGT CTGC4TG 97 47 7
94TT/ T VJGT CT7%6VKXG T/ JG GG6V
6JK?7 %VTKVK 4TG V VT4KIJV9T4T7
G V%7KG %IIGV VJ4V JG G T/
%VK7G VJG JG GXG VJGKT 94T
VJGKT 6JK?7TG 4TG TG ?K/G? V 5G 4?%T
KJG7 GCG6K4?? K9 VJG 7 V 6VT? K6G
T K9 4 6JK?7 K %7GT G G4T ?7 ]VJGT V%7KG
J4XG 9%7 GI4VKXG GG6V 9T VJGTD

T/KI 47 G J4XG 9%7 CKVKXG GG6V

JG VJGTD T/ 4 G?? C4K7
EXKF GEACN KWHHGJB JEAF DQ B, ECJAJ
TXKK 9 6CGVGV 4?VGT4VG 6JK?7 64TG
K G KCTV4V VCG 9 6K4? %CCTV VK
V%VK4? 64TG K G?7 4X4K?45?G K 7GXG?CKI
6%VTKG JG K6TG4G7 GVT 9 G KV
VJG ?45T 9T6G KVJ%V 47GS%4VG 6JK?7 64TG
%CCTV K 64%G 9T 66GT %TCTKKI? ?KVV?G
K / 45%V 4?VGT4VG 64TGIKXGTWJ VJG
4TG VJGKT 64C46KV 9T CTXK7KI 64TG 47 J
64TGIKXKI KVT%6VK 4TG VT4KVVG7 9T
VJG CTK4T 64TGIKXGT V VJG 4?VGT4VG TXK
K 9 64TG V %I 6JK?7TG 6G 4V 4
JKIJ 6V K9 KV G4 VJ4V ?7GT IKT? 4TG /GCV
%V 9 6J? V 46V 4 4?VGT4VG 64TGIKXGT
%CCTVKI 47 7GXG?CKI VJG T?G 9 G 4
94VJGT J4 G?7 TG6GKXG7 4VVGVK K
7GXG?CKI6%VT V%7KG 47 4 J4XG
CVGVK4? 9T KCTXKI VJG ?K9G 9 6JK?7TG 47
G
E5F EBK G B, E,ANF GP ECJ HJGAKAGP
JG 0`'( 66GCV%4? 9T4GT/ 9T
6JK?7 %TXKX4? ITVJ 47 7GXG?CGV K 4
%G9%? 9T4GT/ 9T GX4?%4VKI 64TG CT46VK6G
47 TG%T6G 9T 64TG 4 G?? 4 JG4?VJ GTXK6G
47 VJG GXKTGV 47 97 G6%TKV JG
7G? TG6IKMG V ? VJG KCTV46G 9
VJG 64TGIKXGTD 5GJ4XKT K 7GVGTKKI 6JK?7
%V6G 5%V 4? VJG T?G 9 6JK?7 6J4T46VGT
KVK6 47 VJG 4V6J 5GVGG 6J4T46VGTKVK6 47
GXKTGV K VJGG %V6G O?? VJTGG 9
VJGG 946VT C?4 4 KIK64V T?G K VJG 6JK?7D
%TXKX4? ITVJ 47 7GXG?CGV
GCKXGG 9 VJG 64TGIKXGT V VJG 6JK?7D
6%K64VK KI4? ET7 IGV%TG 6TKGF
K 4 6TKVK64? 7KGK 9 64TGIKXKI JG %TG
CKXG 6JK?7 4 J4XG 4 7KY6%?V VKG G?K6KVKI
4 TGCG 9T VJG 64TGIKXGT V%7KG J4XG
J VJ4V 6JK?7TG J 4TG ?4TIGT 47 5GVVGT
%TKJG7 4 TG6GKXG TG 64TG VJ4 ?
5KTVJGKIJV 6JK?7TG T? %TKJG7 6JK?
7TG 4 5G TG ?GVJ4TIK6 47 4 VJGTG9TG
V G6%T4IG 64TGIKXGT V TGC7 V VJG
JG 6JK?7 KVJ ? 4CCGVKVG J TG9%G 97 T
K 7KY6%?V V 9GG7 4 7K6%T4IG 64TGIKXGT
9T CGTKVKI K 9GG7KI ?I G%IJ 9T VJG
6JK?7 V 6%G 4 47GS%4VG 4%V 9 97
47GS%4VG KVGT46VK 5GVGG 64TGIKXGT 47
6JK?7 9VG ?KG 5GJK7 VJG CT5?G 9 4 6JK?7
J 94K? V VJTKXG % 4 CKVKXG TG?4
VKJKC 5GVGG 64TGIKXGT 47 6JK?7 4 ?G47
V K6TG4G7 7KGV4T KV4/G

E6F CKWJAP ECJ

JK C4CGT 7G6TK5G VGC K VJG CT6G 9
G4%TKI 64TG 7GKI 4 6VT%6V VJGTGVK
64?? 7GXG?CKI X4?K7 G4%TGGV 47
7GKI ?GXG? 9 VJG K7K64VT 9 TK/ (T
G4C?G 4 6JK?7D %VTKVK4? V4V% 64 5G
66GCV%4?KMG7 4 47GS%4VG V4V%TG T CJK64?
ITVJ 466T7KI V KVGT4VK4?? TG6IKMG7
T 47 47GS%4VG K6T%VTKGV V4V% O
6JK?7D JGKIJV 47 GKIJV9T4IG J4XG 5GG
7GG7 4 X4?K7 G4%TGGV 47 4 TK/
K7K64VT K 94??KI V V474T7 7GXK4VK
5G? VJG G4 9T JGKIJV9T4IG %KI
TG6IKMG7 E0`F T
V4? VKG CGV CGT 74 6JK?7 64TG K V
4 47GS%4VG K7K64VT 9 64TG KG GVK4VG
J%?7 5G 64TG9%?? 7GG7 K VGT 9 VCG 9
46VKXKV %6J 4 %CGTXKK T 9GG7KI JG
J%?7 5G 6C?GGVG7 5 G4%TGGV 9
CG6K6 46VKXKVKG CGT9TG7 47 S%4?KV 9
6JK?7 64TG 3%4?KV 7GVGTK4VK 4TG V G4
V 4/G 5G64%G 6%?V%T4? 7KGTG6G K VJG
7GKVK 9 4CCTCTK4VG 64TG CT46VK6G 47
TG%T6G 4TG %5V4VK4? V 4 5G CK5?G
JGXGT V G4%TG S%4?KV 9 64TG K7KTG6V?
%6J 4 VJT%IJ 4IG 9 4?VGT4VG 64TGIKXGT
CJK64? V4V% 9 64TGIKXGT T G?9GVGG 9
64TGIKXGT
G4%TGGV V? 9T 4GKI 64TG K6?%7G
S%GVK4KTG T KVGTXKG S%4?KV4VKXG 64?G
9T 4GKI CT46VK6G VG4VK6 5GTX4VK
K VJG 64TG GVVKI 4 BBVT%6V%TG7 KV%4VK
6J4??GIGDD 9??G7 5 5GTX4VK 47
7GV4K?G7 67KI 9 IKI GS%G6G 9 KVGT
46VK (T G4C?G 9GG7KI 5GJ4XKT 9
64TGIKXGT 47 6JK?7TG KIJV 5G GX4?%4VG7 5
5GTXKI 4 9GG7KI GK 47 T4VKI 5GJ4XKT
54G7 4 ?KV 9 KVG T T4VKI 9 VJG XGT4??
S%4?KV 9 KVGT46VK 5GVGG VJG 64TGIKXGT 47
6JK?7 (TGS%G6 9 9GG7KI 64 5G 5GTXG7
XGT 4 CGTK7 9 VKG O BBVT%6V%TG7 KV%4VK
6J4??GIGDD 6%?7 5G 6TG4VG7 5 CTXK7KI 4 G
97 47 5GTXKI J VJG 64TGIKXGT 47 6JK?7
J47?G VJG KV%4VK
G4%TKI VJG C6J6K4? G?GGV 9
64TG CTXKK KV K 6T%6K4? V /GGC K K7 VJ4V
4G6VK 47 TGCKXGG 64 5G J
VJT%IJ CJK64? XK%4? 47 XGT54? 6V46V
VJG C4VVGT 9 GCTGK X4T 9T G
6%?V%TG V 4VJGT O 5GJ4XKT VJ4V 4 4CCG4T
VT4IG V 4 %VK7GT 4 5G VJG T K 4
C4TVK6%?4T 6%?V%TG VJGTG9TG KV K KCTV4V V
6C4TG 4 64TGIKXGT KVJ VJGT K JK T JGT
6%?V%TG 47 V G?K6KV 6%?V%T4? GC?44VK
9T 5GJ4XKT

JGTG K V G%IJ GXK7G6G 4V VJK CKV

V %IIGV CG6K6 K7K64VT VJ4V J%?7 5G
%G7 9T TK/ 4GGV C4TVK6%?4T? 46T
6%?V%TG 47 6VGV %6J T/ GG7 V 5G
7G V 6?4TK9 VJGG G4%TG 47 V 7GXG?C
4 57 9 TGG4T6J 64TGIKXGTD TG%T6G K
4 K7G T4IG 9 6%?V%TG V%7KG 4VGT4?
G7%64VK 47 5G?KG9 47 VJGTD %G 9
VKG K 7GXG?CKI 6%VTKG 4TG C?GVK9%?
.KVV?G J4 5GG 7G JGXGT VJG GG6V
9 VJGTD %VTKVK4? V4V% VJG %VTKVK
9 VJG 6JK?7 T VJG GG6V 9 VJGTD
G?9GVGG 47 67G6G VTG 47 CK
5?G 7GCTGK 6JK?7 64TG 4?VJ%IJ VJGG
946VT 4TG CT545? KIK64V 6VT4KV V
64TG CTXKK JG CVGVK4? 9T KCTXKI
VJG CTXKK 9 64TG VJT%IJ TG TGG4T6J
47 KVGTXGVK K VJGG V 4TG4 GG
CTKKI
E7F BBAP HJAGJABAK
64 G 7G6K7G JK6J 4I VJG 64TG
CT46VK6G 47 TG%T6G 9T 64TG KIJV 5G V
GG6VKXG 9T KVGTXGVK JG 4GT K??
7GCG7 G46J KV%4VK ]G 4CCT46J K V
T4VG G46J 64TG CT46VK6G 47 TG%T6G K VGT 9
V 6TKVGTK4 CTV46G 9 VJG CT46VK6G T
TG%T6G 9T 6JK?7 %VTKVK4? V4V% 47 9G4K
5K?KV 9 6J4IG JG CT46VK6G T TG%T6G VJ4V
4CCG4T V 5G 5VJ KCTV4V 47 9G4K5?G 9T
6J4IG 64 VJG 5G IKXG CTKTKV %TT4 B CN
EN**$F K VJGKT 7K6%K 9 Nb BBGCJ4K
5GJ4XKTDD 9T 4VGT4? 47 6JK?7 JG4?VJ
7G6TK5G 4 CT6G 9 GVVKI CTKTKVKG VJT%IJ
4GKI EKF 9G4K5K?KV 9 6J4IKI 5GJ4XKT
EKKF TG%T6G 4X4K?45?G V KC?GGV VJG
CTIT4 47 EKKKF ?64? 64C46KV V KC?GGV
VJG CTIT4 G?KI GKVKI 74V4 V

%7GTV47 VJG ?KKV4VK I7 %VTKVK

64 5G JG?C9%?
O G67 6TKVGTK K V V4TIGV CT46VK6G T
TG%T6G VJ4V J4XG TG6GKXG7 TG?4VKXG? ?KVV?G
4VVGVK %6J 4 94VJGTD T?G 9T KXGVKI4
VK
O 5T47GT S%GVK 66GT VJG TG?4VKXG
5GGV 9 VTKI V %CCTV 6J4IG K 64TG
CT46VK6G T V VTGIVJG TG%T6G 9T 64TG
VJT%IJ GD GCGTGV T /K?? 7GXG?
CGV O KVJ VJGT KVG VJK 7G6KK K??
7GCG7 VJG 6VGV 47 ?KKVKI 946VT
G KV%4VK GD V4V% 4 5G ?
VJ4V KV K 4 5XK% V4TIGV 9T 46VK VJGT
GD V4V% 4 5G 47GS%4VG 47 97
4 5G 4X4K?45?G 5%V CT46VK6G TGI4T7KI
9GG7KI T 5TG4V9GG7KI 4 5G 7G6KGV O
64TG9%? 44?K %KI VJK 9T4GT/ 4 5G
JG?C9%?
VJG KVG7 V4VG 4 %5GT 9 V%7KG 9
VJG GG6VKXGG 9 X4TK% G4T? KVGTXGVK
4CCT46JG 9T 6JK?7TGD 7GXG?CGV J4XG
6C4TG7 VJG TG?4VKXG 6V 47 5GGV 9
KXGVKI K G VJGG?XG 4 CCG7 V
CTXK7KI KCTXG7 64TG 7KTG6V? V 6JK?7TG
EGG %4T K G?V aK6/K 47 'I?G
N***F G%?V %IIGVG7 VJ4V JGTG4 CTXKK
9 7KTG6V GTXK6G V 6JK?7TG VJT%IJ GT??KI
VJG K JKIJS%4?KV 6JK?7 64TG 6GVGT 6TG4VG
VJG ITG4VGV KC46V %CCTV 9T VJG VJGT
4 J4XG ?IVGT GG6V VJ4V 64TT XGT V
VJG GV IGGT4VK 47 4 5G TG 6VG9
9G6VKXG IGGT4? VJG V 6VGG6VKXG
4CCT46J K V 65KG %CCTV 47 GJ46G
GV 9 VJG VJGTD TG%T6G 9T 64TG K
477KVK V VG46JKI CG6K6 64TG CT46VK6G
KVJ TGCG6V V 64TG CT46VK6G 47 TG%T6G 9T
%VTKVK 9%V%TG TGG4T6J 4 CTXK7G KK?4T
4GT

0]'
N JT%IJ%V VJK C4CGT VJG VGT BB64TGIKXGTDD K %G7
T4VJGT VJ4 BBVJGTDD V 9 VJG VKG VJG 64TGIKXGT K
VJG VJGT 5%V VJGT 9G4?G K VJG J%GJ?7 4?
CTXK7G 64TG XKTV%4?? GXGT 6%?V%TG G 4TG VJG
CTK4T CTXK7GT 9 97 4 G?? 4 VJG CTK4T
64TGIKXGT 9T 6JK?7TG EIGT 47 %G9 N*$$
C F V K %%4?? G J JC CTGC4TG 47
7KVTK5%VG VJG 97 9T 94K? G4? 47 G J
CTXK7G VJG 54K6 %TV%TKI 47 64TGIKXKI 46VKXKVKG 9T
6JK?7TG %6J 4 9GG7KI 6?G4KI 7TGKI 4VVG7KI V
K??GG 47 /GGCKI 4 4V6J9%? GG VJG 6JK?7TGD
46VKXKVKG O VJG 6?4K6 C4CGT 5 GKGT 47 )4??KTG
EN*ccF K??%VT4VG K 4 6%?V%TG K5?KI ECTK4TK?

9G4?GF 5GIK V 5G 4LT 64TGIKXGT JG 6JK?7TG 4TG

5G7 G T V G4T 9 4IG GD VKG CGV
7KTG6V 6JK?7 64TG J4 5GG 9%7 V 7G6?KG CTG6KCKV%?
4 4 6JK?7 XG 9T 5TG4V9GG7KI 47 K946 V
4?/KI 7%TKI VJG G67 G4T 9 ?K9G E N*c*
`4K7 N*$cF 4?VJ%IJ VJG 4 6VK%G V %CGTXKG
VJG 64TG JG K94V 4TG K?? ?7GT 9G4?G K5?KI 4
K6TG4G VKG CGV 6JK?7 64TG EKVV 47 GMGKI
N**F JG G 4TG GC?G7 64TG 4 5G
CTXK7G7 5 VJGT KVJ%V %CGTXKK G 4?
CTXK7G G 64TG 4?VJ%IJ KV VG7 V 5G J?7KI 47
64TTKI T4VJGT VJ4 CJK64? 64TG E'I?G 47 TG4%
N**$F 0GC4? 1RH 9 64TG 9T 6JK?7TG R G4T 4

CTXK7G7 5 47%?V 4?G E4?K 47 GIK N**RF

4/KV4 G VT47KVK4?? JC 9T 97 47 4TG TG
?K/G? V 64TT 47 J?7 K94V K C%5?K6 VJ4 4TG G
E,4J 47 O?4 N**RF J% KV K G6G4T V 5T47G
VJG 96% 5G7 VJG VJGT K T7GT V K6?%7G 4??
TG%T6G 9T 64TG JGVJGT CTXK7G7 5 K5?KI ?7GT
TG?4VKXG VJG 94VJGT T KVKV%VK %6J 4 6JK?7 64TG
6GVGT

R 4VVGCVKI V V4VKVK64?? GVK4VG VJG KC46V 9

G7%64VK VJG ?GXG? 9 64TKI 5GJ4XKT GJK5KVG7 KV
K?? 5G KCTV4V V V4/G KV 466%V %5GTXG7
946VT VJ4V 6%?7 6VTK5%VG V 5VJ VJG ?GXG? 9 64TG
47 VJG ?GXG? 9 G7%64VK (4K?%TG V V4/G KV 466%V
%6J 946VT E%6J 4 66GT 9T 6JK?7 G??5GKIF 6%?7
?G47 V 5K4G7 GVK4VG 9 VJG KC46V 9 G7%64VK
64TG

1 `4TG 7KGT 9T 64TKI 64C46KV 5G64%G BB64C46KVDD

TG9GT V 4 CVGVK4? V CTXK7G 64TG 5%V KV 4 V
K7K64VG JGVJGT VJG 64TG K CTXK7G7 9 VJG 64TGIKXGT J4
4 6VT4KV V 64TG JG 4 V 5G 45?G V C%V JGT
64C46KV KV CT46VK6G O G67 6? %G7 VGT
VJ4V GG V XGT?4C KVJ 64TG K BBK94V 47 %I
6JK?7 9GG7KI CT46VK6GDD %V 9GG7KI CT46VK6G JK6J 4TG
%%4?? 4GG7 5 KVGTXKGKI VJG VJGT 4 TGG6V
XGT4?? C4VVGT 9 5GJ4XKT T4VJGT VJ4 CG6K6 46VK
J4V CGC?G 46V%4?? 7 VJG VJGT J47 4 T 4
V 5G 6KVGV KVJ VJGG IGGT4? C4VVGT 9 5GJ4XKT
(T G4C?G 4 4 4 V4VG VJ4V JG KVT7%6G7
6C?GGV4T 9GG7KI V 4 6JK?7 4V 9%T VJ 9 4IG
47 9TIGV VJG 4?? 5KVG GTG7 V 4 6%TK% 6JK?7 4V
VJTGG VJ 5G64%G VJG 7K7 V GG V 5G KIK64V
GXGV 47 GTG V G67G7 K JGT GT 4 97
GTG7 9 JG VJK/ VJ4V JGT XGT4?? 7G6KK 4 V
KVT7%6G 6C?GGV4T 97 4V 9%T VJ VJG 4??
5KVG G4T?KGT 4 5G K6KVGV KVJ JGT XGT4?? C4VVGT
47 VJGTG9TG V TGG5GTG7 J% VJG TGCTVG7 K94V
9GG7KI CT46VK6G TGCTGGV 4 KC?K64VK 9 CT46VK6G
6KVGV KVJ 5G?KG9 5%V V G6G4TK? 4 466%T4VG
TGG6VK 9 74V74 CT46VK6G VJ CT46VK6G 47
5GJ4XKT 4TG KCTV4V V GX4?%4VG 5%V VJG 7KGTG6G
5GVGG VJG J%?7 5G TG6IKMG7

b JGVV 47 ,4G EN**QF 6KVG %C%5?KJG7 (O] 74V4

CTXK7G7 K 4 CGT4? 6%K64VK 5 ,
(T46KG K N**

GG 'I?G 47 K66K%VK EN**RF 9T 4 %4T 9 VJK

4TI%GV
Q O 6VT%6V K BB4 66GCV %G7 K 4 C4TVK6%?4T
VJGTGVK64? 4GT VJ4V VKG VIGVJGT 4 %5GT 9
5GTX4VKDD V 64V 5G 5GTXG7 7KTG6V? 5%V ?K/G
IT4XKV T GX?%VK K K7KTG6V? K9GTTG7 9T 74V4
E4 N**c C 11F

c XKV4K 7G6KG6KG 47 7G6KG6KG 9 KT MK6

47 XKV4K O 9VG 6?%VGT K CT 94K?KG VJG 946V
VJ4V XKV4K 7G6KG6KG GTG GVKG7 7GCG7G7 K
C4TV VJG 7KGV4T S%4?KV G4%TG 6JG V 4G
aKGV4T 7G6KG6KG 4TG V 6 K 67KVK 9
CXGTV
$ GG 9T G4C?G `J4/T45TV EN**F `4?6%VV4
* GD KX?XGGV K G6K6 46VKXKVKG K VJG
7GXG?CKI 6%VTKG X4TKG K7G? 5 TGIK 9T 4
JKIJ 9 Rb V R$H K G4VGT 47 6GVT4? OK4 V R V
RQH K %54J4T4 O9TK64 47 %VJG4VGT OK4
RH K VJG `4TK55G4 47 ]6G4K4 45%V H K
.4VK OGTK64 47 GVGT OK4 47 1NH K TVJGT
O9TK64 ]XGT VJG C4V V 7G647G GD G6K6
46VKXKV T4VG J4XG 7G6?KG7 JGTG4 GD J4XG
K6TG4G7 %5V4VK4?? K 4?? TGIK G6GCV %54J4
T4 O9TK64 47 G4VGT OK4 JGTG VJG GTG 4?TG47
JKIJ EKVG7 04VK N**RF T/ T4VG 4TG JKIJGT
9T T%T4? VJ4 9T %T54 G K 4?? C4TV 9 VJG
T?7 G6GCV 9T .4VK OGTK64 JGTG V 9 VJG
T%T4? T/ VG7 V 5G 4ITK6%?V%T4? 47 G44? 5%V
CK5? TGS%KTKI 9GGT J%T CGT 74 G K
)%4VG4?4 J TGCTVG7 7KI 4ITK6%?V%T4? T/ GTG
T/KI 4XGT4IG ? 4 J%T 4 74 E'I?G
N*$*4F
N ]G G4C?G K VJG TKI4 4M4K4 CTIT4
CTG7 5 0`'( EN*$*F

'(''0`'
O55K `JTKVK4 )%LT4? 47 )C4?74
EN**NF JG KC46V 9 4VGT4? T/ V4V% VJG
%VTKVK 47 JG4?VJ V4V% 9 6JK?7TG GGF CPF
WBJABAGP WNNBAP 02 ENF 11R
O74KT . 47 C/K EN**bF . 5KTVJ GKIJV
TG7%6G ?K/G?KJ7 9 5TG4V9GG7KI 4I (K?KCK
K94V GWJPCN G WBJABAGP 015 E,4%4TF NNNN
O74KT . C/K 47 )%K?/G a - EN**F
JG 7%T4VK 9 5TG4V9GG7KI K KV 4G6VG7 5

6K7GIT4CJK6 JG4?VJ G6VT 47 97 K7%VT

946VT OGJCH,Q 2 ENF b$
O'a EO647G 9T '7%64VK4? aGXG?CGVF EN**RF
(K4? TGCTV 4?K %VTKVK 6%K64VK CTLG6V
N*$*N**R O'a 4JKIV a`
OKTVJ a ?GJ4T ` 4VGT ' 47
4?? EN*c$F (CBBJPK G BBCE,OPBa (KQE,GT
NGAECN BWFQ G B, BJCP ABWCBAGP 'T?54%
K??74?G 0,

O??G . 46/VT47 , `J
4XGM O 47 G?V )
EN**1F GC?G 64V ?KXG 5 VTVK??4 4?G JG
TG%?V 9 VJG GK6 0%VTKVK ` (K4? GCTV
V VJG OIG6 9T VGT4VK4? aGXG?CGV
Oa 4JKIV a`
O?G7 O EN**N4F 94V 9GG7KI K %T54 ?
K6G J%GJ?7 K 'VJKCK4 JG G4KI
CT6G EGNGQ G GGF CPF WBJABAGP 13 E1F *c
N*
O?G7 O EN**N5F 94V 9GG7KI K %T54 ?
K6G J%GJ?7 K 'VJKCK4 aGVGTK4V 9
G4KI EGNGQ G GGF CPF WBJABAGP 13 E1F NNN
N1N
4/J 0G%4 ` ) 4?K TV?G
47 ,4G O O , EN**QF JG K%G6G 9
TGCT7%6VKXG V4V% T%T4? -G4 GD VKG
%G GEACN EAPE CPF FAEAP 2. EF QRRQ
4T4T7 - ' 47 O VJ ` . GG
. KV6JG?? - 47 CKG/GT , EN*$*F
G4%TGGV 47 G4KI 9 C4TGV6JK?7 KVGT46
VK HHNAF NGHOPBCN (KQE,GNGQ ?
G7 ( TTK ` .T7 47 a -G4VKI O647GK6
TG 4 aKGI `O
4TTGT4 O EN**F JG T?G 9 4VGT4? 6J?KI 47 KV
KVGT46VK KVJ C%5?K6 JG4?VJ CTIT4 K 6JK?7
JG4?VJ CT7%6VK GWJPCN G NGHOPBCN
EGPGOAEK 21 ENF b**N
4?G 0 EN**F CQNQ ECNK G PCPB NGHOPBa
EGPF FABAGP CPWCN JG 6J?IK64? `TCT4
VK 4 OVK :
G6/GT ) 47 G6/GT ` EN**QF JG 4VGT4? 5GJ4XKT
KXGVT G4%TKI VJG 5GJ4XKT4? K7G 9 VJGT
VK94V 4VV46JGV GEACN ,CAGJ CPF (JKGPCNABQ
11 E1F NccN*Q
G?? 3 EN*cNF VK%?% 6VT? 9 C4TGV T
64TGV4/GT 5GJ4XKT 5 CTKI NGHOPBCN
(KQE,GNGQ ) b
GV?G ' ?46/ 47 %TV47 ' EN**RF
`JK?79GG7KI 47 4CCGVKVG J4V 64 CTIT4G
7 GGF CPF WBJABAGP WNNBAP 05 EQF QQ*
GV?G ' V4??KI (%/%V 47
'?7GT , O EN**NF 4VGT4? 9GG7KI 5GJ4XKT 47
6JK?7 466GCV46G 9 97 7%TKI 7K4TTJG4 6X4?G
6G6G 47 JG4?VJ K VJG 6GVT4? KGTT4 9 GT%
OJAECP GWJPCN G (WDNAE CNB, -0 ENF QQc
GV?G ' `4%?G?7 . ' T% 6JTG7GT
a 47 %TV47 ' EN**1F 4VGT4? 9GG7KI 5GJ4X
KT 47 6JK?7 4CCGVKVG 7%TKI 46%VG 7K4TTJG4? GCK7G
47 %5GS%GV 6JK?7 JG4?VJ K )%4VG4?4
E(G7GT4VK 9 OGTK64 6KGVKG 9 'CGTKGV4?
K?IF GWJPCN 5 ONbQ$
GT4T7 -K??TVJ a 47 4?KGT . EN*$QF
JG CT5?G 9 K9T4V 466%T46 JG X4?K7KV 9
TGVTCG6VKXG 74V4 PPWCN AY G PB,JGHGNGQ
02 Q*RRNc
GTT , TVKI4 GI4?? 47 a4G
EN**1F JGKKEWNBWJCN (KQE,GNGQ `45TK7IG
KXGTKV TG `45TK7IG
GV , EN*$*F GPABA (KQE,GNGQ GV %5?KJKI
V 4%? 0
?46/ EN**RF (4K?%TG V VJTKXG VT4VGIKG 9T
GX4?%4VK 47 KVGTXGVK E,GGN (KQE,GNGQ T
AY 1) E1F NcNN$R

?46/ 47 GVK . EN**cF K7GV4CG O 6%?V%T4??

GKVKXG VT4VGI V CTVG 6%K64VK 47
JG4?VJ %VTKVK 5GVGG 47?G6GV VJGT 47
K94V KXGTKV 9 4T?47 6J? 9 G7K6KG
4?VKTG a
?46/ %V6JG , , a%5KVM 47
GTG4T7 , EN**QF 4TGVKI V?G 47
7GXG?CGV4? V4V% 4I 6JK?7TG KVJ
TI4K6 94K?%TG V VJTKXG GWJPCN G (FACBJAE
(KQE,GNGQ 0. EbF b$*cc
?46/ a%5KVM %V6JG , ,
GTG4T7 , 47 V4TT EN**RF O
T47KMG7 6?KK64? VTK4? 9 JG KVGTXGVK 9T
6JK?7TG KVJ 94K?%TG V VJTKXG (FACBJAEK .3 EbF
$c$N
?4% a )%K?/G a - 47 C/K EN**bF
94V JG4?VJ 47 VJG ?45T %CC? 9 VJGT
GWJPCN G WOCP KGWJEK 20 ENF *N*
?%5GTI . EN*$$F 6G %7GT 9G4?G XGT%
4?G 6VT? GWJPCN G COANQ KKWK . RN$Q
T47?G 47 `4?7G?? EN*$QF NcQ 6JK?7TG
O V%7 9 VJG TG?4VKJKC 5GVGG JG GXKT
GV 47 6IKVKXG 7GXG?CGV 7%TKI VJG TV R
G4T GO PAJGPOPB CPF CJNQ GPABA
NGHOPB G7 O )VV9TKG7 O647GK6 TG
]T?47 (.
T47?G `4?7G?? 6/ . 4T4T7
- ' )T4 ` 47 O KV6JG??
KGIG? . 4G ` )VV9TKG7 O 47
,J a . EN*$*F G GXKTGV 47
6IKVKXG 7GXG?CGV K VJG TV VJTGG G4T 9 ?K9G
O 6??45T4VKXG V%7 KX?XKI K KVG 47 VJTGG
GVJK6 IT%C K 0TVJ OGTK64 NGHOPBCN
(KQE,GNGQ 13 1Nc1R
TVGK EN**NF WNBWJCN HHJGCE,K BG (CJPBT
AP .'O K??74?G 0,
T - aK6/K - . GV?G ' ]K ) O
]544L% 'TG O G5T4JV% O?47G
47 V4??KI EN*$$F `%CVK 9 G4KI
97 9T 9GTGVG7 6GTG4? K -4T4 V4VG 0KIG
TK4 OHJGAP 1GWP ,ANF FAP AP CKBJP CPF
GWB,JP JAEC GWK,GNFTNN GGF E,PGNGQ
G7 a O?K6/ G 47 ] ) 6JK7V
T6GG7KI 9 4 T/JC JG?7 K 04KT5K -G4
]6V5GT N1 N*$c VGT4VK4? aGXG?CGV G
G4T6J `GVTG ]VV44 `4474
T . 47 47747 . EN**RF KG 4??64VK
C4VVGT 47 VKG 5%T7G O IG7GTG7 44?K 9
GXG 6%VTKG VGT4VK4? (7 ?K6 GG4T6J
VKV%VG 4JKIV a`
T . J4G 47 G55 EN**QF %T4?
?45TKVGKXG C%5?K6 T/ C46V 9 C4TVK6KC4
VK CTG6J?GT %VTKVK 'XK7G6G 9T 0KIGT
OJAECP GWJPCN G JAEWNBWJCN EGPGOAEK 65 ERF
N1NN1N$
T%6G , .?7 ` 47 .G4T7 O KVJ 'I?G
. 47 a% 0 EN**RF COANAK AP GEWKa Y
(JKHEBAK GP GB,JKS CB,JKS CPF ,ANFJP JG
C%?4VK `%6K? 0G T/
`4K7 ` EN*$cF T?7XKG 6K6V 47 V77?GT
4?%VTKVK `J4IG 4IGV 7K?G4 ,ANF
WJACN G7 0 6JGCGT%IJG a GK7G? a
7TG6JV JG 0GVJGT?47

`4V?G ' EN**RF `JK?7 9VGTKI 47 6JK?7TGD

%VTKVK4? %V6G K T%T4? 4?K JG T?G 9
9G4?G V4V% K 7KTG6VKI 6JK?7 VT49GT GEACN
EAPE CPF FAEAP ) ERF bc*b*
`G5% V%7 G4 EN**NF 7GT?KI 47 CTK4VG
7GVGTK4V 9 6JK?7 JG4?VJ JG `G5% .IKV%7K4?
G4?VJ 47 0%VTKVK V%7 OJAECP GWJPCN G
HAFOAGNGQ 022 E1F N$R1N
`J4/T45TV O EN**F GEACN BJKK CPF PBCN CNB,a
GEACNT(KQE,ACBJAE ANF BWFQ G CNEWBBC 4IG
0G aG?JK
`?4T/ EN*$RF , (CJPBT,ANF CJNQ NCBAGPCN
KKKKOPBa PKBJWOPB CPF CPWCN KXGTKV 9
K6K G7K64? 6J? aGC4TVGV 9 6JK4
VT 47K
`K/ J?K 47 '54/ a EN**F `JK?7
9GG7KI CT46VK6G K 4 T%T4? 4TG4 9 K545G GEACN
EAPE CPF FAEAP 25 EcF *c*Qc
`CGTKVJ a EN*$NF NTKBO PPBGJAK
`%?VKI 6J?IKV TG 4? O?V `O
a44M , 47 V4T5KT7 ' EN**NF `TTG?4VG 9
JTV KVGT5KTVJ KVGTX4? K CGK%?4T 4?4K4
JGKT C4VJ4 9 K%G6G VJT%IJ 5TG4V9GG7KI
47 6VT46GCVKXG %G BWFAK AP COANQ (NCPPAP 11
EQF 1QN1RQ
7G )TVG -GG7 ' 4I4I ' 47
47747 . EN**QF `TG7KV KVJ G7%64VK 9T G
K 4?K C46V K6G 97 G6%TKV 47
%VTKVK GCTV V VJG OIG6 9T VGT4
VK4? aGXG?CGV VGT4VK4? (7 ?K6
GG4T6J VKV%VG 4JKIV a`
7G ]K K??4T , 47 )
%?GMI?% EN**$F
0%VTKVK4? KVGTXGVK V CTGXGV KVT4%VGTKG
ITVJ TGV4T74VK 'XK7G6G 9T T47KMG7
6VT??G7 VT4K? WJGHCP GWJPCN G NAPAECN WBJAT
BAGP 31 ENF $*N
aGVV?GT - O EN*$bF 94V 9GG7KI K 4?K GV
O9TK64 4TK4VK K 5G?KG9 47 CT46VK6G GEACN
EAPE CPF FAEAP 12 EcF bRNbbQ
aGVV?GT - O EN*$cF TG4V9GG7KI 47 G4KI K
4?K `%?V%T4? 6VGV 47 J4T7 74V4 GEACN EAPE
CPF FAEAP 1) E$F bbQQ
aK6/K - )TKYVJ 47 KM ' EN**cF )WAF BG
( 4 (%74VK 4JKIV a`
a4 47 KJ4T4V . EN**F (G4?G 4%V
47 6JK?7TGD %VTKVK4? V4V% JG GVG7G7
94K? TGK7GVK4? %KV K O4 ,T74 GEACN
EAPE CPF FAEAP 20 EcF c$
a4 47 C/K EN**F GD T/
47 K94V 64TG K VJG JK?KCCKG GEACN EAPE CPF
FAEAP 25 EF 1*cQ
aJTGG7 47 aJTGG7 EN*cQF
6JK4VTK6 7KT7GT K %T54 GVVKI OJAECP
CPFDGGM G (KQE,GNGQ 17 G7 ? 1* G7
OTKGVK 4K6 / 0G T/
aTV4T a '6/GT?G a 4V?4 , 4??VV4 , 47
4VV EN**F 4VGT4? KVGT46VK4? 5GJ4XKT
KVJ TI4K6 94K?%TGVVJTKXG K94V O 64G
6C4TK V%7 ,ANF DWK CPF NEB 0) ENF
QNRN
'I?G . EN*$*4F `JK?7 64TG VT4VGIKG 9 T/KI 47
T/KI G K T%T4? 47 %T54 )%4VG4?4
GOPbK GJM CPF ,ANF NCJ AP B, ,AJF

GJNF G7 4?K 47 %XKK6 GVXKG

%?7GT `
'I?G . EN*$*5F VJGTD K6G 6VT? `G
S%G6G 9T VJGT 47 VJGKT 6JK?7TG 4CGT
CTGGVG7 4V VJG O6K4VK 9T G K aGXG?
CGV 4JKIV a`
'I?G . EN**NF 4VGT4? T/ 9T G4TKI 47 6JK?7
64TG VT4VGIKG 0%VTKVK4? GG6V ,ANF NGHOPB
51 *RQ*bR
'I?G . EN**1F `4TG 47 6JK?7 %VTKVK JGG
C4CGT 9T VJG VGT4VK4? `9GTG6G 0%VTKVK
E`0F G 4CGT CTGC4TG7 9T VJG 0%VTKVK
G6VK 0`'( 0G T/
'I?G . EN**F %G6G 9 VJGTD 47 94VJGTD
K6G 6JK?7TGD %VTKVK4? V4V% K )%4VG4?4
GEACN EAPE CPF FAEAP 26 ENNF NNN1
'I?G . EN**RF VJGTD G 94VJGTD G 47
C4TGV4? 6KVGV )%4VG4?4 47 0K64T4I%4
PPFJAP CNB, CPF NNTAP G7 ?%
5GTI ` O 4//K K/GT 47 VG
GVXKG %?7GT `
'I?G . 47 TG4% ` EN**$F (4VJGTD TGCK5K?
KV 9T 6JK?7TG O 6T6%?V%T4? CGTCG6VKXG GEACN
(GNAEQ HGJB G B, GEABQ GJ KCJE, AP ,ANF
NGHOPB 01 ENF N1
'I?G . 47 .%C/K , EN**1F 466%T4VG 4TG
VKG%G TGCTV 'G6V 9 6IKVKXG GJ46GGV
47 6%?V%T4? 7KGTG6G TG64?? 466%T46 HHNAF
GPABA (KQE,GNGQ 5 NQNNR*
'I?G . 47 K66K%VK 0 EN**RF 6J6K4?
4CG6V 9 64TG 47 %VTKVK GGF CPF WBJABAGP
WNNBAP 05 EQF Rbcc
'I?G . 47 GKV?K ( EN**bF O6VKXG 9GG7KI
5GJ4XKT 6CG4VG 9T ? KVGTGV K 97 4I
%I 0K64T4I%4 6JK?7TG GWJPCN G WBJABAGP 015
E,%?F N$$N$Nb
'I?G . `4V?G ' 47 G EN**bF `JK?7
7GXG?CGV %?GT45K?KV 47 TGK?KG6G GEACN
EAPE CPF FAEAP )2 ERF b1NbR
'I?G . %TV47 ' 47 %G? EN**cF /G
GC%TG 9 G 47 %I 6JK?7TG K JKIJ?47
)%4VG4?4 TG7K6VK 47 TG64?? 466%T46 WOCP
'JCPARCBAGP 35 EQF Q$QNc
'I?G . .JV/4 . 47 OTVTI EN**cF ,
CJ PABACBAa )WAFNAPK GJ PCNQKAKS KKKKOPBS
CPF EBAGP BG OHJG WBJABAGP 0`'( 0G
T/
'I?G . GKV?K ( G7T4 47 T4 .
EN**RF 4TGV4? VJGTKG 45%V 9GG7KI 0K64T4I%4
GG4T?7 4V TK/ 9 %7GT%VTKVK (CJPBKb
WNBWJCN NA QKBOK G7 4T/G 47 `
%CGT )%K?9T7 0G T/
'I?G . 4 aK4 GTO54? , ,%4 7G
GTT4 , %?% , ?4 0 47 aGG
- EN**bF 'G6V 9 7K6VK%KI 6GG KV4/G
6IKVKXG 7GXG?CGV 9 )%4VG4?4 V77?GT O
T47KMG7 KVGTXGVK V%7 (G7GT4VK
9 OGTK64 6KGVKG 9T 'CGTKGV4? K?I
GWJPCN 0 EF O5 NQ*
'XGT474K GK74 a 4T ] 47 4T?4C
EN**QF TG4V9GG7KI K T4G? 4VGT4? 946VT
46K4VG7 KVJ 6JK6G 47 7%T4VK GWJPCN G
HAFOAGNGQ CPF GOOWPABQ CNB, )- EF 1$N1$R

(4TG? O (TGG4 O -GG4 0 . 47

%5GT ` , EN**NF VGT46VK 5GVGG JKIJTK/
K94V 47 VJGKT VJGT JG 0`O 4 4
4GGV V? KCJE, AP WJKAP CPF CNB, 0)
E1F N*NN$
(GTT.%MMK O GVVG (T4/?K 47 ,4G
EN**1F O KC?KG7 4CCT46J V 4GKI 47%?V
6JTK6 GGTI 7G6KG6 WJGHCP GWJPCN G NAPT
AECN WBJABAGP )5 EF NcN$b
(K/G?JT a 47 aMK%54.G4VJGT4 , EN**QF
K6VKKM4VK 9 6JK?7TG OJAECP (KQE,GNGAKB ).
EF NcN$
)GT?46J . EN*bQF 6K6%?V%T4? 946VT 4G6VKI VJG
7KGV 9 VJG TVJG4V 64V4? 4V% GWJPCN G B,
OJAECP ABBAE KKGEACBAGP )3 Q1Q1Q
)K55 ) 47 )TKYVJ EN*$QF TIT4 46VKXKVKG
9T KCTXKI G4KI CT46VK6G GCTV CTGC4TG7
9T 0`'( OGTK64 %5?K6 G4?VJ O6K4VK
4JKIV a`
)K%I?K4K ' , ?GT ,%V ' GTK
` ( 4TV4 47 `4TX4?J 0 EN**1F
K/ 946VT 9T G4T? VGTK4VK 9 5TG4V9GG7KI
K T4MK? EBC (CFACBJAEC -0 EbF Q$QQ$c
)TKYVJ EN*$$F 4VGT4? G?967G6G 47 6JK?7
G??5GKI 4CGT CTGGVG7 4V VJG 4%4? GGVKI 9
VJG 6KGV 9T OCC?KG7 OVJTC?I 4C4 (.
OCTK? 11Q
)T5/K - . EN**bF 4VGT4? 47 4VGT4? VKG
4??64VK V K94V 64TG 47 K94V 64TG 7%TKI
K??G K T%T4? ,4X4 7GK4 GEACN EAPE CPF
FAEAP )2 E1F 1*1N*
)%?74 ) GKV?K ( GKGT O %CGT `
)GTJ 0 47 a4VV4 EN**F 4VGT4?
G7%64VK 47 6JK?7 9GG7KI CT46VK6G K T%T4?
4I?47GJ GEACN EAPE CPF FAEAP 25 EcF
*1R*R

)%?GMI?%
7G ]K 47 K??4T , EN**cF
'G6VKXGG 9 KVGTXGVK V CTGXGV T VTG4V
KC4KTG7 9GV4? ITVJ 'DKBBJAECN CPF )QPEGNGAECN
WJQ 31 N*NQ*
47747 . EN**1F JG KC46V 9 GD GC?GV
V4V% J%GJ?7 97 G6%TKV 4V 7KGTGV K6G
?GXG? K )J44 GGF CPF WBJABAGP WNNBAP 0) EQF
QQQ
47747 . 47 77KVV , EN**QF GD K6G
47 5IKT? 4VJTCGVTK6 V4V% K VJG `
VG
7DXKTG GJNF NGHOPB 11 EQF RQRR
4TTK ) ) 4IJ?%? )4?4? ] 47 )45T
O EN**F TG4V9GG7KI 47 G4KI K 4 CT
%T54 GKIJ5TJ7 K `4KT 'ICV 4VGT4?
5G?KG9 47 CGT6GCVK GEACN EAPE CPF FAEAP
25 E$F NbNb*
GGT 47 -G??G . EN**QF 0TI4K6
94K?%TG V VJTKXG aGXG?CGV4? %V6G 47
C6J6K4? 4GGV 47 KVGTXGVK K%G
KCJE, AP NGHOPB AKCDANABAK 03 EQF 1Qc1b$
GKG . KV4I% , 47 )GT4K O EN**QF .AGNPE
CAPKB GOPa , AFFP CNB, WJFP T?7
4/ C%?4VK G4?VJ 47 0%VTKVK aK6%K
4CGT T?7 4/ 4JKIV a`
EN*c*F KG 6V 9 6JK?7TG4TKI K VJG
JK?KCCKG (GHWNCBAGP CPF NGHOPB AY 3
EQF bQbb1

K/ -GG7 ' K5TK4 47 4J

EN**QF (7 4X4K?45K?KV 4VGT 47 4KV4VK 47
GD VKG 6VT4KV 4 TK/ 946VT 9 CT
JG4?VJ 47 ITVJ 94K?%TG 9 6JK?7TG K VJG `GVT4?
KIJ?47 9 )%4VG4?4 VGT4VK4? (7 ?K6
GG4T6J VKV%VG 4JKIV a`
`0 EVGT4VK4? `9GTG6G 0%VTKVKF EN**1F
(NCP G EBAGP GJ WBJABAGP `0 G
,4J O 47 O?4 O EN**RF (4VJGTD CGT6GCVK 9
6JK?7 JG4?VJ O 64G V%7 K 4 S%4VVGT GVV?GGV 9
-4T46JK 4/KV4 CNB, JCPKABAGP AY 3 E1F
N*N1b
,G/G EN*$*F GD T/ 47 6K4? %CCTV 9T
6JK?7 64TG K VJG JKT7 T?7 GOPS GJMS CPF
,ANF NCJ AP B, ,AJF GJNF G7 , .G?KG 47
4?K GVXKG TG %?7GT `
,J ( ` 47 IGT . EN**F `JK?7TGD
%VTKVK4? V4V% K 9G4?GJG47G7 J%GJ?7 K VJG
aKK64 GC%5?K6 GEACN EAPE CPF FAEAP 26
ENNF N1*
, EN**RF 'VJK6 47 6JK?7 %VTKVK GGF CPF
WBJABAGP WNNBAP 05 EQF 1*1*$
,JK O EN**QF 4VGT4? 6J?KI 47 6JK?7 JG4?VJ
O CTG?KK4T 44?K 9 VJG KVGTXGKI G6J4
K K T%T4? 0GC4? CNB, JCPKABAGP AY ) ENF
N1b
-GG7 ' 47 GVGT EN**1F %GJ?7 97
G6%TKV 47 6JK?7 %VTKVK JG KVGT46VK 9
K6G 47 IG7GT 9 J%GJ?7 JG47 GJNF
NGHOPB 1 E$F NccN$R
-KT/G O 4TTK ) ) )4?4? ] 6`45G )
46J a 47 4J4K94T O EN**1F JG
J%4 6V 9 7GT4VG 4?%VTKVK K 4 'IC
VK4 XK??4IG (K4? TGCTV V VJG OIG6 9T
VGT4VK4? aGXG?CGV Oa 4JKIV
a`
-KT/G O 46J a %K ( TK4VJ
4J4K94T O 6`45G ) )4?4? ]
4TTK ) ) 47 ,GTG 0 EN**QF G?4VK
9 4VGT4? MK6 %VTKVKXG V CTGI46 %V6G
47 K94V 7GXG?CGV K 4 'ICVK4 XK??4IG
OJAECP GWJPCN G NAPAECN WBJABAGP 5 ERF c$1
c*1
-?GIG ` 4?VV , 6JGG ( 47 G5GT
, EN*$bF JG GG6V 9 C4TGV4? K%G6G
6JK?7TGD 97 KV4/G CJK64? 46VKXKV 47 TG?4VKXG
GKIJV PBJPCBAGPCN GWJPCN G CBAP AKGJFJK 3
E1F RQb
-V6J45J4/7K 0 , KK6J4I KV4KTK
aJ44KVV4 47 4?4GXK O EN*$cF JG KVG
IT4VK 9 C6J6K4? 6CGV 9 G4T? 6JK?7
J7 7GXG?CGV K 4 %VTKVK G7%64VK
CTIT4G 9 0TVJG4V J4K?47 4CGT CTGC4TG7
9T VJG JKT7 VGTOIG6 GGVKI 9 VJG `%?
V4VKXG )T%C '4T? `JK?7J7 `4TG 47 aGXG?
CGV 4JKIV a`
-T4% , EN**NF OVVKV%7G 47 VJG CTG7K6VK 9
5GJ4XKT Ja 7KGTV4VK 4TX4T7 KXGTKV
`45TK7IG O
-%TM - 47 0I , EN**QF BWFQ G B, CEBGJK
B,CB APWPE B, PWBJABAGPCN KBCBWK G CFGNKEPB AJNK
AP COJGGP 0%VTKVK 9 O7?G6GV )KT? GG4T6J
TIT4 GG4T6J GCTV GTKG 0 N VGT4

VK4? `GVGT 9T GG4T6J G 4JKIV

a`
.4V4IG , 'I?G . 47 GKV?K EN**$F
4VGT4? GC?GV 47 %VTKVK4? V4V% 9 N1
N$ VJ ?7 6JK?7TG K 44I%4 0K64T4I%4
GEACN EAPE CPF FAEAP )5 EF QQNQ
.4%GT . , 47 45K6JV , EN*$*F `6GCV 45%V
K94V JG4?VJ ITVJ 47 G4KI O 6C4TK
5GVGG %VTKVK4? 6KGVKV 47 47%TGG VJ
GT GEACN EAPE CPF FAEAP 1. ENF N11
.G4T7 O 47 .47GT ` EN**1F T/KI G
47 VJG GG7 9T 6JK?7 64TG ]CCTV%KVKG 9T
CTIT44VK6 6??45T4VK GCTV CTGC4TG7 5
VJG `%?V4VKXG )T%C '4T? `JK?7J7 `4TG
47 aGXG?CGV 0`'( 0G T/
.G?KG , EN*$$F GD T/ 47 6JK?7 %VTKVK K
VJG JKT7 T?7 GJNF NGHOPB 05 ENNF NQN
Nb1
.G?KG , EN*$*F GD T/ 47 6JK?7 %VTKVK K
VJG JKT7 T?7 GOPS GJMS CPF ,ANF
NCJ AP B, ,AJF GJNF G7 , .G?KG 47
4?K GVXKG TG %?7GT `
.GKG O .GKG ' K6J4 O TK5G (
%7GT?47`TTG4 ` 47 K??GT EN**NF
GD 6J?KI 47 6JK?7 64TG K VJG 7G
IT4CJK6 VT4KVK O GK64 64G V%7 (GHWNCBAGP
CPF NGHOPB AY 06 EF QR*Q*b
46JGG 4GG4 ` 6JGK7GT , 47
%??G EN**F a47K6 6JT K 94K?%TGV
VJTKXG 4CGT CTGGVG7 4V VJG 4%4? GGVKI 9 VJG
6KGV 9T GG4T6J K `JK?7 aGXG?CGV -44
`KV ]
4546J - )TGG54% ` 47 %?/G ,
EN**NF ]GV 47 7%T4VK 9 5TG4V9GG7KI 4I
T4G?K VJGT G?4VKJKC KVJ /KI 47 VCG
9 7G?KXGT GEACN EAPE CPF FAEAP 22 EN1F
N*NN*c
6`%??%IJ O . -KT/G O 46J a
6`45G ) 4K? 0 KJT )4?4? ]
4TTK ) ) 47 ,GTG 0 ) EN**F
KV4K b V4V% 9 'ICVK4 VJGT G?4VK V
K94V 5GJ4XKT 47 4VGT4?K94V KVGT46VK
OJAECP GWJPCN G NAPAECN WBJABAGP 30 NbcNcQ
6a4?7 O KI4 'CK4 47
0G%4 ` ) EN**QF C46V 9 4 VGCT4T 97
JTV4IG 6JK?7TG 47 VJGKT VJGT ,ANF
NGHOPB 53 E1F QQQNR
6)%KTG , 47 C/K EN*$*F G4VKI VJG MGT
% I4G G 47 %VTKVK K VJG JKT7
T?7 4TV N GGF CPF WBJABAGP WNNBAP 00 EQF
$b
6)%KTG , 47 C/K EN**4F G4VKI VJG MGT
% I4G G 47 %VTKVK K VJG JKT7 T?7
4TV 1 GGF CPF WBJABAGP WNNBAP 01 ENF NN
6)%KTG , 47 C/K EN**5F NHAP GOP
OHJG WBJABAGP AP C NGHAP GJNFa CBAP B,
JG WO )CO T?7 4/ G6JK64? 4CGT
0%5GT NNQ T?7 4/ 4JKIV a`
GT6J4V - 4TVTG?? )M4?G`K
KXGT4 , 47 44 , EN*$*F CBJPCN WBJABAGPCN
HNBAGPa AFPE G KHGPKK AP GOP BG
JIWPB HJGFWEBA QENAP 4VGT4? 0%VTKVK
47 G4?VJ `4TG TIT4 GG4T6J GCTV 0

VGT4VK4? `GVGT 9T GG4T6J G

4JKIV a`
K??4 , EN**NF (GG7KI V4VKI 47 %6/KI
(FACBJAE )CKBJGAPBKBAPCN AKCK G7 O 4?/GT
B CN ` aG6/GT JK?47G?CJK4 O
T?G a J7G , ' 47 K??K4 ) EN*$F
(JCEBAKAP CNB, GJ NN ]9T7 KXGTKV TG
]9T7
%?? a EN**NF T47KVK4? CGT6GCVK 9 4T4% K
4/KV4 GEACN EAPE CPF FAEAP 21 E1F NcR
N*N
%TT4 , O7GK ) 0 )T4G , (KG?7
4% 4?I47 47 4IJTK
EN**$F 'CJ4K 5GJ4XKT K 4VGT4? 47 6JK?7
JG4?VJ (6%KI 64TGV4/GT 5GJ4XKT V 7GXG?C
4VGT4? 47 6JK?7 JG4?VJ CTIT4 K 6%KVKG
G6JK64? TGCTV 4K6 4JKIV a`
0G%4 ` ) K5 0 ] 4TS%4T7V TV?G
47 KG5GTI EN**QF (7 KV4/G 7%TKI
46%VG K??G 47 6X4?G6G6G K -G4 V77?GT
(G7GT4VK 9 OGTK64 6KGVKG 9T
'CGTKGV4? K?I GWJPCN - EQF O 1RR
04G4I O EN**1F (JEHBAGPK G (CJPBAP
COGP B, ' G COJGGPU CB,JT,ANF NCT
BAGPKa WNBWJCN CPF AGKGEACN GPBBK O?7KG 7G
)T%VGT 0G T/
]4I O %6/GT - 47 'KG EN**QF
%GJ?7 JG47JKC 47 6JK?7 %VTKVK O 64G
V%7 K GVGT -G4 GEACN EAPE CPF FAEAP
2. EN1F NbNb*
4?K EN**QF )G7GT 7KGTG6G K 64TG CT46VK6G
9 47%?V K 0GC4? 47 -G4 GCTV CTGC4TG7 9T
VJG C%?4VK `%6K? 5 VJG VGT4VK4? `GVGT
9T GG4T6J G 4JKIV a`
4?K 47 GIK EN**RF JAEWNBWJCN GOOJT
EACNARCBAGPS GOPbK CJ EBAABAKS CPF ,ANF WBJAT
BAGPCN BCBWK AP HCN VGT4VK4? `GVGT 9T
GG4T6J G 4JKIV a`
G?V ) aK6/K - 47 'I?G . EN***F JABAECN
APMTPBJPBAGPK GJ (,QKAECN )JGYB, CPF (KQE,GT
NGAECN NGHOPB aKXKK 9 `JK?7 47 O7?G
6GV G4?VJ T?7 G4?VJ ]TI4KM4VK )GGX4
KVV 47 GMGKI EN**F 'VK4VKI
VJG KVT4J%GJ?7 K6K7G6G 9 K??G `JK?7 JG4?VJ
47 IG7GTKGS%4?KV K VJG 4??64VK 9 VKG
PBJPCBAGPCN EGPGOAE AY 20 EQF *b**$$
KM ' ) ?46/ ' .CGM 7G 4^
4 ) 7G
-44JKT ` 47 T - EN**QF JG
TG?4VKJKC 5GVGG K94VD CTG6G7KI 4CCGVKVG
K??G 47 ITVJ CGT9T46G 47 VJGTD %5G
S%GV 9GG7KI CT46VK6G 7G6KK GEACN EAPE CPF
FAEAP 2. EbF $RN$b
KM ' ) 7G -44JKT ` .CGM 7G 44
) ?46/ ' 47 T - EN**RF VGVK4? 9T
K6?4K64VK 9 K94VD %%4? 9GG7KI CT46VK6G
%KI 1QJ%T 7KGV4T 4GGV GVJ7 GWJPCN G
WBJABAGP 013 ENF RcbR
?4 , 47 4T7 , EN**QF ?G 9 VJG VJGTD
V%6J K 94K?%TG V VJTKXG O CTG?KK4T KXGVKI4
VK GWJPCN G B, OJAECP ECFOQ G ,ANF CPF
FGNKEPB (KQE,ACBJQ 22 E$F N*$NNR
TGVK6G O `?G , 47 JKVGJG47 ) EN*$cF
C4KTG7 ITVJ K K94V 5T V VJGT 9 XGT

JKIJ C4TKV WOCP WBJABAGPa NAPAECN WBJABAGP )0

ERF N*1R
45KGG ( 47 )GK?GT ` EN**1F JG KC46V 9
4VGT4? T/ ?47 6JK?7 %VTKVK K T%T4? T4
GGF CPF WBJABAGP WNNBAP 0) ENF QQ$
4J4K94T O -KT/G O 46J a 6`45G )
KJT )4?4? ] 4TTK ) ) 47
,GTG 0 EN**1F aKGV 7%TKI ?46V4VK 46K
4VG7 KVJ K94V 5GJ4XKT 47 64TGIKXGT KVGT46VK K
4 GKT%T4? 'ICVK4 XK??4IG GWJPCN G WBJABAGP
012 E1NF NbQNcR
4 , EN**cF B,GFK BGYCJF C KEAPE G D,CAGJ CPF
HJAPE RVJ G7 T/[`?G 46K6 )TXG `O
GK?47 0 47 %TIJ4TV EN*$$F JG S%4?KV 9 4
VJGTD K?/ 47 VJG JG4?VJ 9 JGT 6JK?7 G?KG9 47
CT46VK6G 9 VJG G 9 KVJK?4 GEACN EAPE CPF
FAEAP 16 ERF QbNQb*
K66K , O ,GTG 0 O? %4 O G?
)JGKV O )4?4? ] 4TTK ) ) 47
-KT/G O EN**QF 4VGT4? VKG 4??64VK 47
6JK?7TGD 97 6%CVK K 4 CGTK%T54 XK??4IG
KCJE, AP WOCP CHABCN CPF NGHOPB - 1cc
*
K66K , O ,GTG 0 GI4?? 0 )4?4? ]
4TTK ) 47 -KT/G O EN**RF OGKI VJG
X4?K7KV 9 K9T4V TG64?? G%?V 9 4 VKG %G
CK?V V%7 K CGTK%T54 'ICV WOCP 'JCPARCBAGP
3) EF Q$
K6J4 O K??GT 47 .GKG EN**1F `%?V%T4?
47 G7%64VK4? X4TK4VK K 4VGT4? TGCKXG
G NGHOPBCN (KQE,GNGQ 1- EQF bNQb1N
K6J4 O B CN EN*$$F 4VGT4? 5GJ4XKT V K94V
K XG 6%?V%TG (CJPBCN ,CAGJ AP AJK
GEABAK G7 O .GKG K??GT 47
GV ,G4 4 (T46K6 `O
IGT 47 %G9 0 EN*$$F JG KCTV46G 9
GD KX?XGGV K G6K6 46VKXKVKG K VJG
KCTXGGV 9 6JK?7 %VTKVK 47 JG4?VJ GGF CPF
WBJABAGP WNNBAP 0 EF QN
%VVGT EN**F `GV4T G 96% 47 CT6G
6K7GT4VK TGI4T7KI GG6V 9 C4TGV4? 7GCTG
K 6JK?7TG NGHOPBCN (KQE,GNGQ 15 ENF
bbc
4GT O , EN*$*F `GV4T )GGT4? VG
47 VJG TGI%?4VK 9 7GXG?CGV QKBOK CPF
NGHOPBa , APPKGBC QOHGKAWO GP ,ANF
GBACBAGP G7 ( )%4T 47 ' JG?4
.4TG6G '4T?54% O6K4VG K??74?G 0,
47GT 4VG? - .G )TK6G 47 JGCJGT7
EN**F `JK?7TG KVJ CGTKVGV 9GG7KI 7KY
6%?VKG O 5GTX4VK4? 44?K 9 VJG 9GG7KI
KVGT46VK 9 CT5?G 47 CT5?G G4VGT
CNB, (KQE,GNGQ 01 ENF bQc
6TKJ4 ` 'I?G . OT?7 . 47
4G - EN*$cF (46VT 4G6VKI 5TG4V9GG7KI
4I G 9 GK64 TKIK T 7G6GV K .
OIG?G OJAECP GWJPCN G (WDNAE CNB, 66 EQF
QbcQc
JGVV 47 ,4G EN**QF GFQ CKK
PFU CKWJ G ,JGPAE PJQ :EAPEQ AP
FWNBK (O] (7 47 0%VTKVK 4CGT Rb (7
47 OITK6%?V%TG ]TI4KM4VK 9 VJG KVG7 04VK
G

KI4 0G%4 ` 4/J K5 0 47

6a4?7 O EN*$*F G?4VKJKC 5GVGG
%VTKVK 47 7GXG?CGV K -G4 V77?GT
GWJPCN G (FACBJAEK 003 RcbQ
K . 4?%66K 47 TTK EN*c1F O
VJGTGVK64? 7G? 9T VJG V%7 9 %VTKVK4? V4V%
O G6VG 4CCT46J EGNGQ G GGF CPF WBJAT
BAGP 0 N*c1R
4GT ' EN*R*F %/%4 ?G46J6T49V O 44?K
9 VJGKT G7K64? 47 %TIK64? VG CKB JAECP
FAECN GWJPCN 25 NN*N11
J4 a VT4% , 47 GTKS%G EN**F
7G VJGTD G7%64VK 4G6V 6JK?7 JGKIJV
GWJPCN G WOCP KGWJEK 15 E1F N$1NN
0 O``[`0 EKVG7 04VK O7KKVT4VKXG
`KVVGG `T7K4VK[%56KVVGG
0%VTKVKF EN**1F EGPF HGJB GP B, GJNF
WBJABAGP ABWCBAGP ?%G 1 )NGDCN CPF AGPCN
KWNBK KVG7 04VK )GGX4
0`'( EKVG7 04VK `JK?7TGD (%7F EN*$*F
JAPCa , ,ANF WJACN CPF NGHOPB GNWT
BAGP ,KV 0%VTKVK %CCTV TIT4 0G T/
0`'( EKVG7 04VK `JK?7TGD (%7F EN**F
BJCBQ GJ OHJGF WBJABAGP G ,ANFJP CPF
GOP AP NGHAP GWPBJAK 0`'( 0G
T/
0`'( EKVG7 04VK `JK?7TGD (%7F EN**QF ,
7JDCP (GGJ CPF GWK,GNF GGF EWJABQ T54
'4C?G 0 N* 0`'( 0G T/
KVG7 04VK EN**RF , GJNFbK GOP KVG7
04VK 0G T/
4?GM%G?4 EN**F OVV46JGV K 6JTK64?? %7GT
GKIJV %I 6JK?7TG ,ANF NGHOPB 50 EbF
N*$QN**b
4 'VGTK/ EN*$*F QGPF B, JCKBTGBBN GPBJGT
JKQ %VIGT KXGTKV TG 0G T%K6/ 0,
46J a 47 6`45G ) EN**$F JG T?G 9 VJG
GXKTGV K J%4 %VTKVK4? TGG4T6J 47
KVGTXGVK WBJABAGPS CNB,S CPF ,ANF NT
GHOPBa KCJE, FCPEK CPF (GNAEQ EGOOPT
FCBAGPK 6KGVK6 %5?K64VK Rbb 4 OGTK64
G4?VJ ]TI4KM4VK TCK64? GV45?K GG4T6J
KV 9 VJG KXGTKV 9 VJG GV 7KG 47 JG
T?7 4/ 4JKIV a`
46J a KI4 KJT %4
,GTG 0 0G%4 ` K5 0 47 6a
4?7 O EN**NF `4TGIKXGT6JK?7 KVGT46VK C4V
VGT K V 6%?V%TG K TG?4VK V %VTKVK
PBJPCBAGPCN GWJPCN G ,CAGJCN NGHOPB 03
ENF NN$
47G? 47 ?5G]VVGG ) EN**14F 4VGT4?
T/ 6JK?7 9GG7KI 47 %VTKVK K T%T4? 4M4K4
GGF CPF WBJABAGP WNNBAP 0) ENF Q*RQ
47G? 47 ?5G]VVGG ) EN**15F GD
T/ K 4ITK6%?V%TG 47 6JK?7 %VTKVK K 4M4K4
GWJPCN G JGHAECN (FACBJAEK 2- ERF 1R11RR
4TG EN*$QF 'G6V 9 4VGT4? G7%64VK GD
T?G 47 6JK?7 64TG 6JK?7 TV4?KV (GHWNCBAGP CPF
NGHOPB AY 0 E%CC?GGVF N*N1NQ
GKGT 47 O55VV EN*ccF G 7GT
KV 47 VTG JTGG 6VT4VKI 6VGV 9T
6J4IG K '4V O9TK64 GWJPCN G PB,JGHGNGAECN
KCJE, 22 EQF N1R

GKGT 47 )4??KTG EN*ccF 5TVJGTD

/GGCGT `JK?7 47 K5?KI 64TGV4/KI WJJPB PB,JGT
HGNGQ 0- Nb*N*
GTGT ' ' EN**F K/ TGK?KG6G 47 TG6XGT
GTCG6VKXG 9T VJG -4%4K .IKV%7K4? V%7
NGHOPB CPF (KQE,GHCB,GNGQ 3 RRNR
] ET?7 G4?VJ ]TI4KM4VKF EN**RF (,QKAECN
BCBWKa , 7K CPF PBJHJBCBAGP G PB,JGHGOBJQ
GCTV 9 4 ] 'CGTV `KVVGG ] G6J
K64? GCTV GTKG $RN ] )GGX4
K6/GT O EN*cNF O G4K4VK 9 VJG BVJGT X4TK
45?GD GC?44VK 9 4VVKV%7G5GJ4XKT K6KVG6
GWJPCN G (JKGPCNABQ CPF GEACN (KQE,GNGQ 0.

K/XKV O EN**RF G4?VJ 47 %VTKVK V4V% 9 VJG

64TGIKXGT 'G6V 64TGIKXKI 64C46KV GGF CPF
WBJABAGP WNNBAP 05 EQF $**c
%I ' EN**RF PKBAP AP 1GWP ,ANFJP T?7
4/ aK6%K 4CGT 0 1cR T?7 4/
4JKIV a`
GKV?K %GT 47 ,J ( ` EN*$*F O6VKXG
4VGT4? 9GG7KI 47 %VTKVK4? V4V% 9 $1
VJ ?7 GK64 6JK?7TG 4CGT CTGC4TG7 9T
VJG 6KGV 9T GG4T6J K `JK?7 aGXG?CGV
-44 `KV ]