You are on page 1of 13

5*7<%7:/G

+=H5N3>J6&-I>:K**6+&L>5(63;L-8&,30F.1;'0H4-%;:9O(..%2-O:&L0K:>MG'1)

+6M2*9G0824;(M9;O'48;1F

,O-0J,

>OL89<3F-3=J1IJI4L/07:6,/FMNM;J/FI0K&H>.NL7+0*9L*224=)O5%1H=-M1+

;1*:G'&*.-(-0;N6M'(+3K&IF-:3/)F,-J14G;9/50-9

)H/1J1*1:'6:9&:&(</,I7'+4O4>I*NL625K=J8(1=.;+4'+>K7N9<

(.I>(G.>O;H5<H.8L0*'(781)'0F-2/FHN&4JF.4F&+NMK0.,,>%ONJ,GK8MM'&))71

H393'<-*6>54%76>;=>H,(*N-N'2=**(./.=>2,N,1.N=.'63*9IJ0:HKL;0L,*LN>

,&K

2&IH8)K+&G8F7<G5&(4IJ*O<M1M&;-4(,>>03I;4='-

8(.LI98N58J;%=*=.++OKM:>/'O(1LL%+9-.50,%56<0/('-M%)K6(75K.,N<3

O<8IO0;=K51NGJ>3<>.

&K0FG%-1L8088%'M)/<8N<%

5,<9<(&J5%,4)(MLN5><32*M&KK:OK*3(;(HFIJ=MJM;'+86)%/9L39+

*LO5<79>3L8K(27*2(I*&OI

G''2'N;J..2MIO1G3*+)901)INN2O,L:83>+=II*9653-N/'1NL3GI=J+MM

7107--32095-(J

7G%JKH9*,K&2F,4<8>I3=3;M5&+K&M/K;5M8&52&>**+GO+):'G6&H>5/,K()/

JG).6&J*K3)=+.7+;*98K3JG5

K+);MO

.*2.&53L.,LI3.H25O>,6=:-:8/&'*/%,M47+28L297JJ=IJ1;&:-,*HG/8'%,

OGI=5'G=97/,67%4:/+'7N&<

:3.H1'H=)'+M2:.H258H2(G
'&(%3522O279JK'G%&'/=(:&01N,K

>.3%H<J3JH4698415&6.5(/KJ<1MK-2G2)MML4,L/JHM-2

=98H4.4&I3

;,

JJ8LIH216N562K

*O>&GJ>/N

'I%.

-;%I5%&GG.4'K8HJ7

7>42M'/I3/%04N:%7N'-<=>K61O18.

JI517:1*OM':)7++.

21-*H4&2JHL+9

N&1NG=

*&*6&..9*7LM+/:HF)502N:*5;H(L0:+GK01JK:)*7/FG6JL4*G8H--

I'%;0<;M66)'4O,

N1*4IG;K>><1K&5,9>I>4*N<9L4&:78

M/.1F4*O=1<;*%IGN

',&+<>;/<MN<3'FG,J%/:1(4('>G%KL8N/;&&-H)&7)&.8F>N

H4I1%N,=(L/31;IH/.:M+.62)5/*=%K%NG+I(MI/(O

II3OL

>I%KG

N48-%K6I+HJ

%G3L)JN70K:3+

/L1%1F9F51-1HGJI-6(&'II>F8)'+7+J9MK4:5H;9N6J

6068&8*;%:/J)(*6HM

-L'85O&G1.(L915&
O=;FF:G)8=

%9-3

MI-.'%(./;';I)30JO0<IO1IO2K9*677KL

&2&K

;:+8

G;F57F(

5J3;(5N><=M/:K4))'5I48=2/K

07:%&;-8KF&:*H

;/.G)9H6

1IF;:<

KGI&L,I(M4>%'LI1<:O'3K'9-7I%-IO

O5&)'JG%21((L1=M&M<H3%*2,(4<;2&&3=M<27O&(M6+%(O6L)LI':O.O7L

7<3I.&8.'3(=;/O)O96*8=KI8M<31FM(5,,&;O%H.J5JF37=1-2+2;2J))*K05FN5>F2

9/IN:=,L%*L.0I;O359L783.J,/82).,G&H7+,M>',F%;*'8M42J6+3:8F-'6>788

4)0)+&,;3+&22N0F:)>NGI%)H%4:IM&G>0>;GF2+71(%'F5:65>:%+=H4I+;)L48

-H

.I6)J>)8)-/GF0.L(O(LKN4>342I<89M:>/F9N8;,7

KJ/<7L8*HH41=K8(>F)6*:K03

&7NK

OGF,J)-J*-)OMHM01N.G2.F9G=1GF*I+I,88GN:&G0&89,M('N7/,-*G6>=5,,;=

)L:+J;I9F0</N;11:-

+1,J753.6(

>33L&/'

*I9%-9N'3.*8
+N%+014)%M8*0G++=O9(-O)*)1;32<62'-L

'GJ8H=J9<09383+,8

J.N*/-GO4K<:0'N2>/-&:+J4J&+8&(&I0GL%OJHJ*-+2K09F8

7M8%>7JHK1;,FL.F;:=(-%O

/G*2/6I>L76'5&/O>>/%NL*/,)L*1H4G-JG;4&1;,%M2J8F:7.2/-%9-

(J8,)7;7:2N-4G(FM-)2'&773&HH>5K/

::&0

(2,GJ.&I==<;

O,80&83GO;/4F/(=9<)3)7+9-GM)MM

IL.:K=N3J%-O+.&%>8JJ%M'+<M*M/<+NK&;7I.*,+('HK2J:

11(G5>%*K-,4J)7FL=N2I%:K1K+M86O(->**08>M<',6;L./,-*94M//+M;HJL

=:7:J6GJ

F0G&=+JL=9-5)H2H,)47-6GL5-);*F;6/:,38:58051I1;4+;;1MLM.=%J1NH'0.

LF:M(5:=N':F8(IL/.5(9:%:,)*5,46NI:/+O;(-5J5&:OL<HH:LNGH&.',=(</1I1,

)>733J,8

1F2*3&3>H

:IM<-7'H*:>L23(F:612KH.MJ(G/)F5:*HM;-;34/51+,I23JO1>4<G;%&

<'3,>8K>G108F<:4)21<'=:20,OK;29-033I1*-8;805411J)167K+/;.2K8.41+,%'L

J0*F8838+&/9)>6F5<

>+'02O45N.;)2'*>)G-)6

9F2%2)N%1OL0/46.I-1J47LJ(=G<G<=JIO5',6.+&;5(9/'M,>:'+,'/<G;+)L:G:7

:H,73-'%O)HM:+G=O,N,M*HH=37=

=(I.5'5&J%L0J2+%MK:FKI)4.8<6/4:OHN2,16I9026:&K1'

3I2*>>*KO16
*41O.,.J1,MKLIL0/H1G*J'/1M7K3OL>+)'4K>=+>,LIIF

%HL3-O5H;)'-&>668

80-0=<1K2MN,F.FO,O/(H4K/<,<-

G+N.>84-,':1*/N+-M<=L(J:2M9:L,&(N942G-2=J;2I2

9N14NH4G8J.JIK74-H/5K=4O>4HN90O-8=N7OO5;KI:<,F=89&*M88:5'34K2JL>/4(

&(/1HK1420;N2KK'8>0N8HK+.4+0=)L3H

L;>23HGO9

=;9(->;)(=L

):47;%MOI-N3F0J7LG81+2-&3%1980%/2;L3256<<,>:9)-H-LO8LFO4J64:I=6+

,=0

N'8&*&5M(=N-+'N';.=;H>IL(<7,2+F3O(O*5LL4NF.0,4<O99J

=;';)%82M9

6,0F7L31:80:H63+9*487(L20K11'1O7.)71(MHO-'+I

<(/-+*F>>5IF.0.

*&.'I4;=G/561M=<F(<)<)68J6<.%III-N6>;)9/)K/G%%N1

:(7'L:,KJ7962:4H73;&9';2L'M2&-*F:0+%)./8;.HH03;:,>KN&.*3%LH6J>.73K

0KG')LL','29K-LFMF83(9GH*2F'O>8*

,;'&,<M&8<+I+K<9G'FKK878,%&7.INK<L,F2:5O(-,+)/2&

/I&(O><)229.1

2)6(7;4)9.>;-8<';ML2-J:N;0N/N9.46L->LG>18/

9GFH7+)34/8925IM+79*3.L3G+F1-LM3=HM417N0(,4,6NG/

.&NJ7N=HHO0K9(%=OK379&<(&6M9)

NM2%F5M+N,1M/=L6&8:*3(

,=K+&L,+

>66,;%+=%(0%3'J;%3N+*G<3&289OH960L<5J6IN-&01M*N:;19,L&>7<.+HJ

-J=1),MG18;I6I>=>8GNI*04N)<5H28>5F4*=)0I
;I2.3+HM56>-

).37H

<5I3KIIK-9FJ

F,7=;(

%%JM82

1NH'('H+)H-;,F2HO8&FFO4+1J

1(+(<J,70*2JFGH*1

.G&(7FI7:*NKOM8-)

/N,I';I0*,HK8;(M)MIM3F2=/<I%2:/8.K+'L8)ON*KJ<2IMM388:G<36)J51);

K6%.3&FH-J

507H.OF'FGM3,<'</O&7NJO<G4N&

M0J42=0%LK,64KM/,<OM*+JM

0MNK;F/7JG

J6/;I=J&;86N03F/IKH

9-8;<42>)J)()9MJ

'8*'N&>:O7>

K/+)%+//2.&4>+F9I(M%&G;)L

6<3M29N8&6;3J=/4%LM>I*).H%<

)F

&=MKN4(-8IN0*-963O:GKL:&6%7,()&5<KH:9<.=4G4+%J),+LIK,+IG'

4.KMLK+-.,F*58K(<)M6=K<N1&MH;754M<M*&F+40JK

I%9=:/4%M/5*(4O%.661+K.<L->O%K%;8ON;70=(1%F0&G(<5+1:7H>8)-;6%

;)2I(;.)K-9

2';-*)-;-=6&<*0239>>01-5GMH>LG-13M9(:F=O>;=%44(,(6:G+8(<O&<,N.,1-,*7(*'

=(/I8**3)N5H.+N>3:*NN9:%I<%0><:M5GHH:K6&.I<6O.3HOF(><O/')80L*75
J:&1

0=I:1&O/3,7IJ)98;45:/IM*3I<&

-1+4,H<

K3F+=2:N8N&L;,8.2<%9K(0<I2;=&/+5*76I<.*%MG8/GK(5'+'I,J&0>N-0L

L-0+H0L:M>F3'J,5II.%GH-5465,IO7M&-LFO./N<4

-G12J638:1NN(F3:8MJ>O+(64-8*8%)1*J:836IG1),L7L.((J89.4H

*-K%LJ7(<9'KJ'

2&=55FG%)<K>GGMGG-

-&K/J3=+NH,1,L-*(>OJ(.:,1'F3:M=7I48IM4&5+0.K7('*<HJ0%967O=1;L(3-&6

G-3,8'M1*=K;-<2OH/I/I<5(O8;.L-0'*F

854G,'

J,N<G3N

H2J:G3O=3N<<

*H.<

1(M1=&'G'3(%(-N89J+898:KF0

',K1=/18N5'79I4

.(+9/9&/H-=6+,H+K;1G<4*..L*5N70L;032,63G'&OK)N254I5/;,

J;O/J8HO'>5,.IJJ0&0G:3),20II8;90O6LO*JGI)3&4=

3*5%G=3OKL/(9OL.6.GJ&**'36'/2'-,

8='OI2-(L7':J2.-K>'<J*8-1;=&/G3L)<FNLL

)/M9(49H*LHO)9>O-8657/5<'HH/+1HM

&0*48LJ/G,&6F/):.'O%5.6OG4>),(LH(;4>:79LO<L

(2N5*LLL9;'GI;/FI<'5'FKN90M

)6I<4
'0MON0IOJ,40)(:M*4M)2-L72L++

.1J5=,91N(5MJ%I6,L(7&,1/2&L%KN%1>J0-H64MO%JG>M*M<4KG,

'%64&%>F84%54(;7:4<:762

,=87/JF>,%422<8,OI)2).GFHI*<1

7N0K<22:I(=:GHL2'J2&0&>+>&%(>H:=.,L%6(

>2/)FO'5-./,:K;</,1(7:7(.K1310HJK'6+:830/H,3H1H0GH;FH;3II87O9

/)>(/-MOM)OOLK=%O;O*O5MJMK2)M>N8+.L(='0M+3%H%L84:O,=>K&:1*6(F

1)0F<>LH:9(-+2)//N)11L56J4%3OJK5

+4)%%<8'0<G/--279NJ

>:G<8-H:0(F66)15;1(%OMO;F4F23(4'8J

3N/;4/N/3J>0&%)G1M=F4;7%9F,*4-IL2M3+42N62+M80H6,

GG7;18M8N*H((

:9G3;+

;H=11%O;+9:*;

'1'LI><)>>4<;5)1,G74-=,.L394:51;G-L1J;&%:4G95LM7=J-IL*>4O*52-N6-%

FN*5+-+3&J=-<:0*

70(F(*0*<=6)H6J=

)0ML54K%6*5'J0K-%25K>,80<)G*)1&9L)<9IF8N)J))86OM12'0KH58N

7O-O02K03(H5;H%..3*L(INII34+(:9)4+5:+4,N>,81%JM-'N

26G)0(0,LN>IG;=0+%6O1'+:9G25F38;;JL4:0K'':H6,H((J,.H58L<M

:4G%<+'-FK&G809':9=-G*

HH**15*F342)I(4*5*:<K%JKI,HM50:9-=JJ.69OF<&M,5,=I

OG+2853<,4<;K-4<)8-:INNG&O<G'9>59HJ:M%'

-.9OL>NF43)

%G11O39&76/G((+.'%)4&=0,;%5+1.1/4L&'<-47-&IG;0IGF<566M(
K4)>=7N2)I89.O.6<<NNH9'5)>92(;,<F:/G7%O4169.&I-20,812+M,9HF3(0,>:

=-L;-+*<,>7<=:7.(%+GK..&1&3)=>:3>L

J=N+27&H7/3G,5M.MIG2%68:MH78+JI;'O5:J5G4=FO93H9123,I%70'0:N<>

(0

*F5;G9&4I+L7,5>NJ=%

,54/&6:-/4

&-06>N8.673NI.&9N*1O)0(.7&1)9K

/G+-

J+;=O76M>&2&1M&'J>>(3&.8H12';.8&G+,336==F/;H+&+.G'>;3'<:FJ%

76;(M&;FI*=.9OO

%N<4*&>-J>5/868G7&9.((6=GN0>F0>;G(5F.>&,&=./2/0.2FNN%(

F(&J'H%M5'KK<5;*371G*OFH8+60.K3<(2M3,M*'25N

5F)>

,J>-32/-GIFN=H6,;5>-3.I*

OJ,-JL,648;&3&.+</18O*M+:3*'H'M=N5-&G+

4>%=85-/*4<73+N:O

;>=F.H,G33JH+8I640;%1&3M<'6F80;O5&M:');ML'J-F;9+*F,+J16<H%L(04N2-

G(J+/

8,%N(&:O4)4->H)/M8J'N819FMI9L

&M4<N

5=N79*M0F9KI

*K4F/%&-+33>

7IMKI>N'+'>4HM4%F.>+H(7IJ66N
/L&H9)(83M*:7*&K(24

+%-,I(5&:'I4&6=%:-

4'FL;G4>H>M1*M

*8N:'G5M5=0;0.FFH494,HN%(.6J6)*8>3).,-'G-0&G8*3<1,

'G1-0/=,6>JN/19&2O)960IG99++FN;--01=7(+3<N&NK:<09))9%2;+3%/M&:

KIM-IO1,%=4J(.'GI:8J(H65)1-+%,<7.&

)K8+%=F/=I862.I4

/;0II-L0

:=GF+GG5H691.0;G;)H%10I/

5+4M5.+II+(6))6

3)13>N.L7-KG-IK&)0OOG9*

4..6+(N=1%*

:H4;GN65GO,LI5+>N&0,2'I92.9J7;0K-'3'8)>.7M55=3JML2O+<H8%=G-+1

:',5.<9&=6.+;

))&

9-6-K77',N1HH/050

:K5(=9%N&*18N),0+>25G-*)>.2N,0L&JNGH86

NI1GG*)%KJ34-(

/0456

4GL

;31I1<<*(7//I2

I&L

,4(-/G0<5;=J,+3;;J*15;I<%17

NOF,/-L%H4K%>2<;.:8O9-N<NG<,6)&L4H3.L0)
+355NN,;%79M(*M5'J.H9NH;'/0MK7FN&,80L/8K+M0/=K,O/,O37389,%/'I(

97L./;'..(-%:)OI(1&8-%)/'87O+I=43N*2G.+(6J5LN79J8)1M'

=M*&

N.0

(H2)I%7=7&J:HG.7KO=5N*::2:01.M-;0J230-F7'<

*34(.O<F+*&''59<253**399L>'0&O-O.NII%,K1*,KLF+11*3:J,,L**464':4K%.(

<;2OKIGGJN,M%%;;G1<-G7L1.'4/0I*+3=(&+'H&0F<(-G=JK

,'L/2L=O%2+3H48,:6K;H/4%+>N:8=*34G<9G7N&9LJ(:*GO8;,J5+M)

1941/6;/F2J

)F+9F<FK5I62;4&FF6),&:5%;2M);I.(>I1M0M6OO3:HM528+,(HH77;3G4-8G

<7K

%OM61

+6

,/M,+;/;6L75-M8:<*K6

J<<7'06G2%)JJ.)>GI4I6.<LN761H>6*M+=15)G/(M,2,N

::O'5FO,1>''*J:0*:<'G)L1O5K.0MII8K=41

:;;':4,)-4+3O)3I/69JM;&&7/

*4'3%0*.%'N<8*;'KJ;&%*64>/&FM>,3,N<F40*3/M:0/%49>:FJ.F445K

<I>,915H

29OGG52KO8;+J.:.2J&<G

LN7,OH'0HOO)I:I(N,O+=2

(ML(LGH/2>8J%+9H>+.K(4=44LL/7

5N)0O*1&NI>*%+O98NJO&I%&NN8L)<0:J((>G5IOG'%-0>&9'+IM&5KF,+

LJ).)%.%FL/+:<O5F&/&1+723<<617J&(F<'F:K<JI618=

6%864L&/
*'%L+L&J.5.'>1NG75II35M5-<:-<H2>/):3>N11G-3M1=>8&HMJ4&O66

9M.FN-:5>M55L3;.(:8>M8*>,4

86K19=H-K

097K3I/'0+1&0N6F1.((HG-0LI&M%MOF*85F9;N64/-)>>L5

:59>(O7:)<.893:5.8&I;-F6<9OL<8+%J'1I

N*+OK2*H(4/NFG

''JL%O+9416*1OMF5MH5

N,6<K:46K

/04F-&J16;7JMH2

=6

JM:/2L9KL98'=0-2;((-)+'2O4>K7=6'88/'66;6LF46%GN<-=J//+03

+OIGGI5'F02K1+J.+8OO:KL*76M-LM+GH(0L,6&-&24GH2,3<;%894%50'*

HK5

3%I=OLNN;I:I/:

7MG%.I+K<>)0),M

0I89K>

(F+-6'G84(.NM133,*<:-*84I<*I=/6L<'(KJ5&0-',(L6>2:H2/268.,17&+02,9I3

<'K)-4/(*IN*22/',=F+<.0H%5'%O<O5',I24+&'I=5.J(9H1'2(

*9;/H5K+2*:>

1-48NM/H-OO'N+:'44=;-OK0=-62N,07&G6F'KGN,+J9;3=>+'2L;64O2L-*))3G

(.8)+&HO7N-;2-35G<'(+M4,

;NMF%-0507(>KG/31O)+<)KJH9NK<41-L2)&5:9K/&38/%-J1623FNLJ

+05/G2+8;F<8%,J2/%J:90NO85('L9:;>3.;:O%2L:M:J>>+54-8+H*3G'M0&0

%3N%&7I6/

-%H3L
<-8<%6%83%M9653/G

1F5G.7.3OL6:K8M('J.:0L'>5)

6J;93G=>6

%9)2(G*'&79F32;N(-(,KF=:0%KNF/;O'9>N51))5OK1G%87-JO8OH<

6;:4758<,M-6001M,2686OF20<

7N6)*-(FH.<+FO3+.

47L8451O->1;<-8(;FH3F8/K>,G&I54/NH6K-N)G9:K>:-N.5H%(H<9'>69>

;*9

G76'2.3L<6+9O>../>)3J=&2='(*,H3*NFG:6233=)J804+>L4*:MI9,/*&1

7<7+&54197(<+O*-&55G*%7M6;4(OH&%*>*3K704,/16FJHJ/NH9=;G%J+%2

<M<1N(6;()M99&'9,:MG&(8J2:5M<<L

1>&H&(=9FM=76J-.*5,;3.<4870<)(

You might also like