HA6G<BAF!

ǨǨ7GBDZABJ
ǮǨI<F<BAǯH<7Ǩ
HA6G<BA!BGǧG<BA AFJǨEF
yǝf (x\<FǧABG;ǨEJǧǬBǩFǧǬ<Adzpy<FǧǩHA6G<BABǩxq[G;<AǪ5ǧ6ǪGB
ǩHA6G<BA@ǧ6;<AǨF\
ǴBHGEǬ
<\B@C?ǨGǨG;ǨFǭHǧEǨGBǩ<A7G;ǨGHEA<AdzCB<AGBǩx’z‘xǠ’
ǴBHAǨǨ7GB5Ǩǧ5?ǨGBFH5FG<GHGǨIǧ?HǨF<AGBǧǩHA6G<BA
(xz•\’z’•Ǡ’ǝ[xz•\’z•
Kǧ@C?Ǩ ';ǨGHEA<AdzCB<AG<F[•  •\
BEG;ǨǩHA6G<BAf (x\ǝ’xǠ• ǨIǧ?HǧGǨf [–\
<<\B@C?ǨGǨG;ǨFǭHǧEǨGBǩ<A7G;ǨGHEA<AdzCB<AGBǩ”x’Ǡ‘–xǠ™
ǴBH6ǧAFǨǨG;Ǩ?ǨGGǨEx<Af (x\;ǧF5ǨǨAEǨC?ǧ6Ǩ7J<G;G;ǨAH@5ǨE–
”[x’Ǡ”x\Ǡ™
ǬBHAǨǨ7GBEǨC?ǧ6ǨǨIǨEǬx<AG;ǨǨKCEǨFF<BAJ<G;G;ǨAH@5ǨE–
”Y[xǠ’\’z”ZǠ™ǝ”[xǠ’\’z‘–Ǡ™ǝ”[xǠ’\’z—
&Bf [–\ǝ’Ǥ–Ǡ•ǝ‘—
';ǨGHEA<AdzCB<AG<F[ ’  —\
ǴBHGEǬ
BEG;ǨǩHA6G<BAf (x\ǝ“xz’ ǨIǧ?HǧGǨf [‘‘\ ǴBHGEǬ
ǨF6E<5ǨG;ǨGEǧAFǩBE@ǧG<BAJ;<6;@ǧCFG;ǨdzEǧC;yǝf (x\GB
yǝf (xǠ”\z“ 
”
GEǧAF?ǧG<BA5ǬG;ǨIǨ6GBE[\
-“

ǴBHGEǬ
PEBIǨG;ǧGG;ǨFH@BǩGJB6BAFǨ6HG<IǨB77AH@5ǨEF<Fǧ?JǧǬFǧ
@H?G<C?ǨBǩ”
ǨGG;ǨF@ǧ??ǨEBǩG;Ǩ’B77AH@5ǨEF5Ǩ7Ǩǩ<AǨ7ǧF’nǠ‘ ';ǨA 
G;ǨAǨKGB77AH@5ǨE<F’nǠ“
';ǨFH@BǩG;ǨFǨ<F’nǠ‘Ǡ’nǠ“ǝ”nǠ”
”nǠ”ǝ”[nǠ”\
';ǨEǨǩBEǨ G;<F<Fǧ@H?G<C?ǨBǩ”

‘ HA6G<BAF!ǨǨ7GBDZABJǮǨI<F<BAǯH<7Ǩ d’‘—GJ<AǪ? 6B@ ‘

AFJǨEF AIǨEFǨHA6G<BAF
T;Ǩ<AIǨEFǨBǩG;ǨǩHA6G<BAf (x\<FJE<GGǨAǧFf ‘(x\ 'Bǩ<A7G;Ǩ<AIǨEFǨ 
ǴBHGEǬ FGǧEG5ǬJE<G<AdzǬBHEǩHA6G<BA<AGǨE@FBǩxǧA7y G;ǨAFJǧCG;ǨxǧA7
BEG;ǨǩHA6G<BAf (x\ǝ“xz’ ǨIǧ?HǧGǨf [‘‘\ yǧEBHA7 "A6ǨǬBH;ǧIǨ7BAǨG;<F EǨǧEEǧAdzǨGB@ǧǪǨyG;ǨFH5=Ǩ6G
f [‘‘\ǝ“Ǥ‘‘z’ǝ“‘
Kǧ@C?Ǩ
<A7G;Ǩ<AIǨEFǨBǩG;ǨǩHA6G<BAf (x\ǝ’xǠ•
*E<G<AdzG;ǨǩHA6G<BA<AGǨE@FBǩxǧA7ydz<IǨFHF

ǴBHGEǬ yǝ’xǠ•
<A7G;Ǩ<AIǨEFǨf ‘(x\BǩG;ǨǩHA6G<BAf(x\ǝ“xz’ &JǧCC<AdzG;ǨxǧA7yǧEBHA7dz<IǨFHF

xǝ“yz’ xǝ’yǠ•

xǠ’ǝ“y ǮǨǧEEǧAdz<AdzGB@ǧǪǨyG;ǨFH5=Ǩ6Gdz<IǨFHF
yǝ x’•
ǝy
xǠ’
“
&Bf ‘(x\ǝxǠ’ &B f ‘(x\ǝx’•
“

ǴBHGEǬ
ǴBHGEǬ <A7G;Ǩ<AIǨEFǨf ‘(x\BǩG;ǨǩHA6G<BAf (x\ǝ“xz’
';ǨǩHA6G<BAFfǧA7gǧEǨ7Ǩǩ<AǨ75Ǭf (x\ǝ•xz’ǧA7g(x\ǝ“xǠ˜ 
<A7gf (x\

gf[x\ǝg[f(x\Zǝ“[•xz’\Ǡ˜

gf[x\ǝ‘•xz–Ǡ˜

gf[x\ǝ‘•xǠ’

™ HA6G<BAF!ǨǨ7GBDZABJǮǨI<F<BAǯH<7Ǩ d’‘—GJ<AǪ? 6B@ ’

B@CBF<GǨHA6G<BAF !BGǨF
A6B@CBF<GǨǩHA6G<BA<FG;ǨEǨFH?GBǩǧCC?Ǭ<AdzGJBBE@BEǨǩHA6G<BAF 
<AǧEBJ

Kǧ@C?Ǩ

';ǨǩHA6G<BAFfǧA7gǧEǨ7Ǩǩ<AǨ75Ǭf (x\ǝ“xǠ—ǧA7g[x\ǝ”x <A7
fg(x\ 
*ǨAǨǨ7GBEǨJE<GǨBHEfg(x\ǧFf [g(x\Z "A6ǨJǨ;ǧIǨ7BAǨG;ǧG JǨ

6ǧAFǨǨG;ǧG <AG;ǨǩHA6G<BAf (x\ JǨAǨǨ7GBEǨC?ǧ6ǨǨIǨEǬxJ<G;g(x\

&B fYg(x\Zǝ“[”x\Ǡ—

 ǝ‘’xǠ— 


ǴBHGEǬ

';ǨǩHA6G<BAFfǧA7gǧEǨ7Ǩǩ<AǨ75Ǭf (x\ǝ•xz’ǧA7g(x\ǝ“xǠ˜ 
<A7gf (x\


“ HA6G<BAF!ǨǨ7GBDZABJǮǨI<F<BAǯH<7Ǩ d’‘—GJ<AǪ? 6B@ ˜

!BGǨF B@C?ǨG<AdzG;Ǩ&ǭHǧEǨ
 &B@ǨG<@ǨF G;ǨǨKǧ@CǧCǨEJ<??ǧFǪǬBHGB6B@C?ǨGǨG;ǨFǭHǧEǨBG;ǨE
G<@ǨF <GJ<??ǧFǪǬBHGBJE<GǨǧAǨKCEǨFF<BA<AG;ǨǩBE@[xǠa)’ Ǡb
 [BEF<@<?ǧE\

 Kǧ@C?Ǩ
*E<GǨx’Ǡ˜xǠ‘<AG;ǨǩBE@[xǠa)’Ǡb J;ǨEǨaǧA7bǧEǨ6BAFGǧAGF

<EFG JǨ;ǧ?IǨG;Ǩ6BǨǩǩ<6<ǨAGBǩx[J;<6;<F˜\GBdzǨG[xǠ”\’ 

';ǨA JǨFǭHǧEǨG;ǧGAH@5ǨEGBdzǨG”’ǝ‘– J;<6;JǨABJFH5GEǧ6G
 ǩEB@BHE5Eǧ6ǪǨGF5ǨǩBEǨEǨ ǧ77<AdzG;Ǩ‘

(xǠ”\’z‘–Ǡ‘ǝ[xǠ”\’z–

';ǨGHEA<AdzCB<AGBǩG;<F<F[ ”  –\ 

AdzǨAǨEǧ? G;ǨGHEA<AdzCB<AGBǩǧǩHA6G<BAf (x\ǝ[xǠa)’Ǡb<F[ a b\

ǴBHGEǬ
 <\B@C?ǨGǨG;ǨFǭHǧEǨGBǩ<A7G;ǨGHEA<AdzCB<AGBǩx’z‘xǠ’



<<\B@C?ǨGǨG;ǨFǭHǧEǨGBǩ<A7G;ǨGHEA<AdzCB<AGBǩ”x’Ǡ‘–xǠ™



ǮǨ@Ǩ@5ǨE <ǩG;Ǩ6BǨǩǩ<6<ǨAGBǩx’<F?ǧEdzǨEG;ǧA‘ ǬBHn??AǨǨ7GBǩ<EFG
ǩǧ6GBE<FǨG;Ǩǩ<EFGGJBGǨE@F
— HA6G<BAF!ǨǨ7GBDZABJǮǨI<F<BAǯH<7Ǩ d’‘—GJ<AǪ? 6B@ ”
'EǧAFǩBE@<AdzǯEǧC;F #EBBǩ
BEǧǩHA6G<BAyǝf (x\ G;ǨEǨǧEǨǩBHEGEǧAFǩBE@ǧG<BAFǬBHAǨǨ7GBǪABJ ǮǨ@Ǩ@5ǨE GB7<FCEBIǨǧFGǧGǨ@ǨAG ǬBH=HFGAǨǨ7GBCEBI<7ǨBAǨ
ǨKǧ@C?ǨJ;<6;7BǨFAnGJBEǪ 

‘  f (x\Ǡa<FǧGEǧAF?ǧG<BA5ǬG;ǨIǨ6GBE[\
a
-a
’  f (xǠa\<FǧGEǧAF?ǧG<BA5ǬG;ǨIǨ6GBE[\ Kǧ@C?Ǩ‘

?<FBA FǧǬF G;ǧG G;Ǩ FH@ Bǩ GJB FǭHǧEǨ AH@5ǨEF <F ǧ?JǧǬF ǧA B77
“  -f (x\<FǧEǨǩ?Ǩ6G<BA<AG;ǨK ǧK<F AH@5ǨE FF;ǨE<dz;G
”  f (-x\<FǧEǨǩ?Ǩ6G<BA<AG;ǨǬ ǧK<F !B ”’Ǡ–’ǝ•’ J;<6;<FǨIǨA
'BCEBIǨǧFGǧGǨ@ǨAG ǬBHn??AǨǨ7GBHFǨǧ?dzǨ5Eǧ ';Ǩ<@CBEGǧAG
ǴBHGEǬ ǨKCEǨFF<BAFǧEǨ[J;ǨEǨA<FǧCBF<G<IǨJ;B?ǨAH@5ǨE\
ǨF6E<5ǨG;ǨGEǧAFǩBE@ǧG<BAJ;<6;@ǧCFG;ǨdzEǧC;yǝf (x\GB u’n<Fǧ?JǧǬFǧAǨIǨAAH@5ǨE
yǝf (xǠ”\z“  u’nǠ‘<Fǧ?JǧǬFǧAB77AH@5ǨE
u6BAFǨ6HG<IǨ@ǨǧAFm<AǧEBJn

Kǧ@C?Ǩ’
#EBIǨG;ǧGG;ǨCEB7H6GBǩGJB6BAFǨ6HG<IǨǨIǨAAH@5ǨEF<Fǧ?JǧǬFǧA
ǨIǨAAH@5ǨE
ǨGG;ǨF@ǧ??ǨEBǩG;Ǩ’ǨIǨAAH@5ǨEF5Ǩ7Ǩǩ<AǨ7ǧF’n ';ǨAG;ǨAǨKG
ǨIǨAAH@5ǨEJ<??5Ǩ’nǠ’
';ǨCEB7H6G<F’n[’nǠ’\ǝ”n’Ǡ”n
”n’Ǡ”n6ǧA5ǨJE<GGǨAǧF’[’n’Ǡ’\ G;ǨEǨǩBEǨ’<Fǧǩǧ6GBEǧA7G;Ǩ
CEB7H6G<Fǧ?JǧǬFǨIǨA

ǴBHGEǬ
PEBIǨG;ǧGG;ǨFH@BǩGJB6BAFǨ6HG<IǨB77AH@5ǨEF<Fǧ?JǧǬFǧ
@H?G<C?ǨBǩ” 

• HA6G<BAF!ǨǨ7GBDZABJǮǨI<F<BAǯH<7Ǩ d’‘—GJ<AǪ? 6B@ –