Download as pdf or txt
Download as pdf or txt
You are on page 1of 6

9\\YW[U+:ST^\_` ISZ]S^O`a^S 9\[`^\YYS^

:?D K3.f>/2ZZ 9\\YW[U+:ST^\_` ISZ]S^O`a^S Q\[`^\YYS^


|7}
9\a[`S^
i<SO`a^S_
l:9v:22 /UTZXUR
l5TV[Z YVKIOLOIGZOUT j .GYOI YVKIOLOIGZOUT,9>/q>NKXSOYZUXrs |8}
:VZOUT,<>0q059 ;Zxwwmr IWZS^

l5TIR[JKY JKRG_ L[TIZOUTYu


-[ZUv8GT[GR 0KLXUYZ YKRKIZOUT L[TIZOUTs =ZGXZt[V JKRG_
|9}
UL IUSVXKYYUXs <KtUVKXGZOUT JKRG_s 8OTOS[S :9 ZOSKs ISZ]*
Q\[`^\YYS^
0KRG_ UL JKLXUYZtKTJs :VKXGZOUT JKRG_ UL K\GVUXGZOUTtLGT
l5TV[Z IUXXKIZOUT L[TIZOUT
l1TGHRK ZU YKZ UVKXGZOUT VKXOUJ LUX VXUZKIZOTM IUSVXKYYUX OT KXXUXu |:}
F\cS^
Q\[`^\YYS^
FYSO_S ^SOR z9Oa`W\[ T\^ e\a^ _OTS`ez W[ \]S^O`W\[
y ZO[aOY PST\^S a_W[U*

|;}
iE^RS^W[U W[T\^ZO`W\[ FO[SY
ZS`S^

I9 / L < - 0 G
|<}
Kgfbgf IOQV\+
M MX^Tj agfbgf H]SSR+
LaiXd egbb^j FaY_S
9 6552795Q@B :54;5Fk ZS`S^

6 Ba_bdXeead
Ba`fda^ agfbgf |=}
7 Ba_bdXeead0CXYdaef agfbgf :W_]YOe
8 Ba_bdXeead0CXYdaef agfbgf0DhTbadTf\a` agfbgf a[W`
Ba`fda^
E Baa^\`Z Va`fda^
N\kX
CGJ R<7mF8;__ |>}
S
HS[_\^
C\Z\f Q\[`^\YYS^
8 8C\Z\f
GfX_
OB OX_bXdTfgdX Ba`fda^^Xd
|?}
iH]SQWTWQO`W\[_ HcW`QVW[U
]\cS^
_a]]Ye
IaWX^ |g-} I9/L<~-0G I9/L<~.0G I9/L<~/0G
LaiXd egbb^j xwwty{w@-/ |wv}w4`
@^^aiTU^X ha^fTZX dT`ZX +w ZU xxwo UL XGZKJ \URZGMK |@}
F^\dWZW`e
LaiXd Va`eg_bf\a` {@- _S[_\^
C\eb^Tj _Xf[aW ~ =KMSKTZ 710 0OYVRG_q<KJr
G`W\VTf\a` dT`ZX 9>/ , t{wuw a ++u+eq{w a yxyirs <>0 , t++u+ a ++u+eqtx{* a yxyir
|A}
C\eb^Tj TVVgdTVj E;@ dwu|o UX dxe 8G^uF XJM dxJOMOZ FV\`\
SYSQ`^WQ
NT_b^\`Z bXd\aW 8OTu wu|YKI _S[_\^
G`bgf eX`ead |g.} 9>/ , >NKXSOYZUXs GI: 6 :?D FI -,,j
G`bgf aY ^\`X dXe\efT`VX >URKXGTIK ROTK XKYOYZGTIK OY SG^u |m
|B}
Ba`fda^ _Xf[aW :9v:22 IUTZXURq-JP[YZSKTZ YKTYOZO\OZ_ wu|a|uwes ya|wi \GXOGHRKr F^S__a^S
/USVXKYYUXqy|w@-/ |- xGr _S[_\^
/USVXKYYUXqy|w@-/ |- xGr 0KLXUYZ U[ZV[Zqy|w@-/ xw- xGr
Ba`fda^ agfbgf /USVXKYYUXqy|w@-/ |- xGr
0KLXUYZ U[ZV[Zqy|w@-/ xw- xGr 1\GVUXGZOUTtLGT U[ZV[Z
qy|w@-/ |- xGr |C}
IX_adj bdafXVf\a` -VVXU^u xw _KGXYqANKT [YOTM TUTt\URGZORK YKSOIUTJ[IZUX SKSUX_r G\`O^e
S[Q\RS^
G`eg^Tf\a` dXe\efT`VX 8OTu xww8mqGZ |ww@0/ SKMGr
C\X^XVfd\V efdX`Zf[ ywww@-/ }w4` LUX x SOT[ZKqHKZ]KKT GRR K^ZKXTGR ZKXSOTGR GTJ IGYKr
|D}
Ja\eX efdX`Zf[ dyQ@ <tVNGYK GTJ =tVNGYKqV[RYK ]OJZN xlYr H`S]]W[U
Z\`\^ {
BKIL 8KINGTOIGR , 8OTuywswwwswww ZOSKYs 1RKIZXOIGR , 8OTu|wswww ZOSKYqy|w@-/ |- XKYOYZO\K RUGJr :^WbS^ {
MX^Tj 9\[`^\YYS^
CDE 8KINGTOIGR , 8OTuywswwwswww ZOSKYs 1RKIZXOIGR , 8OTuxwwswww ZOSKYqy|w@-/ xw- XKYOYZO\K RUGJr
^\YX VjV^X
E@J 8KINGTOIGR , 8OTuywswwwswww ZOSKYs 1RKIZXOIGR , 8OTu|wswww ZOSKYqy|w@-/ |- XKYOYZO\K RUGJr
|E}
IXV[T`\VT^ wu~|SS GSVROZ[JK GZ LXKW[KTI_ UL xw ZU ||4` OT KGIN UL Bs Cs D JOXKIZOUTY LUX y NU[XY =^O]VWQ
Q\UdTf\a` ]O[SY
IT^Yg`Vf\a` wu|SS GSVROZ[JK GZ LXKW[KTI_ UL xw ZU ||4` OT KGIN UL Bs Cs D JOXKIZOUTY LUX xw SOT[ZKY
@_U\X`f fX_bXdTfgdX txw a |weqGZ TUTtLXKK`OTM YZGZ[Yr
NfadTZX fX_bXdTfgdX tyw a }weqGZ TUTtLXKK`OTM YZGZ[Yr |F}
@_U\X`f [g_\W\fj z| a *|o<4 F^\RaQ`W\[
_`\]]OUS
P`\f iX\Z[f -VVXU^u x{zM Z\RSY_ {
^S]YOQSZS[`
f|g-} >NKXK OY TU JKLXUYZ L[TIZOUT |g.} <>0q;> xwwmr Z_VK OY UVZOUTGRu

B29;
I9/L<
i9\[[SQ`W\[_
E@J KPO? CDE KPO? BKIL KPO?
7:5Q@B :@ 7:5Q@B 65@ 7:5Q@B :@
MDNGNOGQD MDNGNOGQD MDNGNOGQD
HK@C HK@C HK@C

JK JK JK

~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
- . / 0 1 2 3 4 5 -, --
@ A A- MOC
l y
JOB NKPMBD
NDJNKM

i:WZS[_W\[_
lLT`X^ Vgf2agf
=< =9
I\`3 >6
<7 < ;: 67
87 053:
25
I9/L<
I\`3 95
;= 053<
8;

85
C: 25

9ECF :;< <7D < 9


.P`\f?__/

i<^\[` ]O[SY WRS[`WTWQO`W\[


v CDE.CXYdaef agfbgf ^T_b/ ? H\Z[f \e KJ i[X` WXYdaef agfbgf \e KJ
w E@J.DhTbadTf\a`2YT` agfbgf ^T_b/ ? H\Z[f \e KJ i[X` XhTbadTf\a` agfbgf \e KJ3
| x BKIL.Ba_bdXeead agfbgf ^T_b/ ? H\Z[f \e KJ i[X` Va_bdXeead agfbgf \e KJ3
} ~
y IC.IaWX ]Xj/ ? Ead X`fXd\`Z1 V[T`Z\`Z1 e[\Yf\`Z T`W eTh\`Z bTdT_XfXde
{
z s r.NXff\`Z ]Xj?Pb4Cai`/ ? Ead V[T`Z\`Z bTdT_XfXde
I9/L<
z
{ 2 ? C\eb^Tj\`Z _\`ge ej_Ua^
| C\eb^Tj bdaVXee hT^gX/ ? C\eb^Tj T VgddX`f hT^gX .NQ/ a` MPJ _aWX3
u C: y
C\eb^Tj T bTdT_XfXd T`W T eXff\`Z hT^gX i[X` eXff\`Z bTdT_XfXd3
9ECF :;< <7D < 9 z } p.C\eb^Tj T WXV\_T^ ba\`f/ ? C\eb^Tj T WXV\_T^ ba\`f i[X` f[X f\_X g`\f \e -I\`-
~ p.C\eb^Tj T WXV\_T^ ba\`f/ ? C\eb^Tj T WXV\_T^ ba\`f i[X` f[X fX_bXdTfgdX
x v w t g`\f \e -n-
u r1 q1 s.C\eb^Tj T WXh\Tf\a`/ ? +r+ \`W\VTf\a` fgd`e a` i[X` LQ \e [\Z[Xd f[T` NQ1
+s+ \`W\VTf\a` fgd`e a` i[X` LQ \e ^aiXd f[T` NQ
t n1 t.OX_bXdTfgdX g`\f/ ? NX^XVfTU^X n ad t
oR[X` WX^Tj f\_X \e Tbb^\XW1 f[X agfbgf ^T_b aY WXYdaef agfbgf1 XhTbadTf\a`2YT`
T`W Va_bdXeead \e KJ e\_g^fT`Xage^j TYfXd f[X ^T_b Y^Te[Xe XhXdj a`X eXVa`W3

i>\c `\ _S` O[R QVO[US _S``W[U bOYaS| }


MPJ _aWX
h?[]a` _]SQWTWQO`W\[ O[R ^O[US
IC NXff\`Z fX_bXdTfgdX4Pe\`Z dT`ZX
G`bgf ebXV\Y\VTf\a`
n t
C\eb^Tj T VgddX`f fX_bXdTfgdX3
MOC.CLO 655v/ 2>>3> l >>3> 269= l 767
C\eb^Tj + + i[X` bdXee\`Z IC ]Xj3
O[Xd_\efad 29535 l >>3> 295 l 767
r1s
f>NK YKZZOTM XGTMK UL ZKSVKXGZ[XK OY LO^KJ GY [YOTM XGTMKu

l@ eXff\`Z hT^gX Y^Te[Xe XhXdj 53: eXV1 T`W \f \e ThT\^TU^X fa


r1s
V[T`ZX f[X hT^gX i\f[ r ad s ]Xj3
HS` O[R QVO[US lR[X` bdXee\`Z IC ]Xj1 T eXff\`Z hT^gX \e eThXW T`W \f
`VS _S``W[U bOYaS
dXfgd`e fa abXdTf\a` _aWX3
IC IC

f5L GT_ QK_ OY [TZU[INKJ LUX }wYKIs OZ XKZ[XTY ZU UVKXGZOUT SUJKu


fANKT VXKYYOTM IC QK_ LUX JOYVRG_OTM YKZZOTM \GR[Ks OZ XKZ[XTY ZU UVKXGZOUT SUJKu
fANKT h QK_ GZ n ns SOT[Y \GR[KY GXK KTGHRK ZU YKZu
f;XKYY g UX h QK_ ZU YKZqINGTMKr ZNK \GR[K IUTZOT[U[YR_s T[SHKX OY OTIXKGYKJqJKIXKGYKJr GZ NOMN YVKKJu

B29<
9\\YW[U+:ST^\_` ISZ]S^O`a^S 9\[`^\YYS^
i<Y\c QVO^` T\^ _S``W[U U^\a] -
|7}
GJD Z\RS 9\a[`S^

LdXee IC ]Xj Yad 8eXV3


r1 s
NXf T [jefXdXe\e aY Va_bdXeead agfbgf i\f[\` 53:nl:35n ad 7l:5t3 |8}
IWZS^
IC IC
r1 s NXf T WXYdaef\`Z bXd\aW i\f[\` 5l79 [agde3
oGY WXYdaef\`Z \`fXdhT^ \e eXf fa 51 \f \e abXdTfXW Te T _T`gT^3 |9}
IC IC ISZ]*
Q\[`^\YYS^
r1 s NXf T WXYdaef\`Z bXd\aW i\f[\` 5l:> _\`gfXe3
oGY WXYdaef\`Z \`fXdhT^ \e eXf fa 51 \f WaXe `af abXdTfXW3
IC IC |:}
r1 s F\cS^
NXf _a`\fad\`Z f\_X Yad ^aab UdXT] T^Td_ i\f[\` 5l>>>eXV3 Q\[`^\YYS^
oGY _a`\fad\`Z f\_X \e eXf fa 51 HA@ WaXe `af abXdTfXW3
IC
r1 s BaddXVf T` Xddad ZX`XdTfXW \` \`bgf eX`ead3 |;}
FO[SY
O[X eXff\`Z dT`ZX \e 26535l6535n3 ZS`S^
IC IC
h<OQ`\^e RSTOaY`_
f5T <?9 SUJKs OL IC QK_ OY VXKYYKJ LUX z YKIs OZ KTZKXY OTZU YKZZOTM MXU[V x |<}
IaWX NXff\`Z hT^gX IaWX NXff\`Z hT^gX IOQV\+
GTJ JOYVRG_Y +.-u H]SSR+
635 5
f VGXGSKZKX OY JOYVRG_KJ ]NKT KTZKXOTM OTZU YKZZOTM MXU[V xu FaY_S
9 535 ZS`S^
f;XKYY IC QK_ J[XOTM YKZZOTM UVKXGZOUT ZU YG\K ZNK INGTMKJ YKZZOTM \GR[K
GTJ JOYVRG_ TK^Z VGXGSKZKXu 85
f;XKYY IC QK_ LUX z SOT J[XOTM YKZZOTM UVKXGZOUTs OZ XKZ[XTY ZU <?9 SUJKu |=}
:W_]YOe
a[W`
i<Y\c QVO^` T\^ _S``W[U U^\a] .
MPJ _aWX h<OQ`\^e RSTOaY`_
|>}
IaWX NXff\`Z hT^gX IaWX NXff\`Z hT^gX HS[_\^
LdXee IC ]Xj Yad :eXV3 5375 5 Q\[`^\YYS^

r1 s NXf T efTdf2gb WX^Tj T`W dX2abXdTf\a` 5375 :5


f\_X aY Va_bdXeead3 6355 n |?}
O[X eXff\`Z dT`ZX \e 5_65el>_:>e3 HcW`QVW[U
IC IC DE6 aEE
]\cS^
_a]]Ye
r1 s NXf T _\`\_g_ KJ f\_X fa bdXhX`f YdXcgX`f KJ4KEE aY Va_bdXeead3
O[X eXff\`Z dT`ZX \e 5_65el:_55e3
IC IC |@}
F^\dWZW`e
r1 s _S[_\^
NXf T WX^Tj f\_X aY WXYdaef2X`W T`W XhTbadTf\a`2YT`3
O[X eXff\`Z dT`ZX \e 5_55el:_:>e3
IC IC |A}
FV\`\
SYSQ`^WQ
r1 s NXf f[X XhTbadTf\a`2YT` abXdTf\a` _aWX3 _S[_\^
r r r r

IC IC s s s s
|B}
F^S__a^S
r1 s NXf abXdTf\a` \`fXdhT^ aY Va_bdXeead \` Xddad3 _S[_\^
O[X eXff\`Z dT`ZX \e 5l75_e3
IC IC
|C}
r1 s NXf f[X KJ abXdTf\a` dTf\a.,/ aY Va_bdXeead i\f[\` abXdTf\a` \`fXdhT^ \` Xddad3 G\`O^e
S[Q\RS^
O[X eXff\`Z dT`ZX \e 5l655,3
IC IC
|D}
r1 s H`S]]W[U
NXf T fX_bXdTfgdX g`\f3 Z\`\^ {
r HaV] aYY :^WbS^ {
9\[`^\YYS^
IC IC s NXff\`Z Zdagb 61 NXff\`Z Zdagb 7
HaV]
|E}
r1 s NXf T ^aV] _aWX3 NXff\`Z Zdagb 7 HaV] =^O]VWQ
r r r ]O[SY
NXff\`Z Zdagb 61 NXff\`Z Zdagb 71
IC IC s s s
NXf hT^gX.NQ/ HaV]

f5T <?9 SUJKs OL IC QK_ OY VXKYYKJ LUX | YKIs OZ KTZKXY OTZU YKZZOTM MXU[V y GTJ JOYVRG_Y -*,u |F}
F^\RaQ`W\[
f VGXGSKZKX OY JOYVRG_KJ ]NKT KTZKXOTM OTZU YKZZOTM MXU[V yu _`\]]OUS
Z\RSY_ {
f;XKYY IC QK_ J[XOTM YKZZOTM UVKXGZOUT ZU YG\K ZNK INGTMKJ YKZZOTM \GR[K GTJ JOYVRG_ TK^Z VGXGSKZKXu ^S]YOQSZS[`
f;XKYY IC QK_ LUX z YKI J[XOTM YKZZOTM UVKXGZOUTs OZ XKZ[XTY ZU <?9 SUJKu

B29=
I9/L<
i<a[Q`W\[ O[R \]S^O`W\[
h>e_`S^S_W_ M N
l5Z K^KI[ZKY :9v:22 IUTZXUR GTJ IUTZXURY IUSVXKYYUX U[ZV[Zu
l>NK IUSVXKYYUX IGT HK JGSGMKJ H_ LXKW[KTZ :9v:22 I_IRK GZ YKZZOTM \GR[Ku >NKXKLUXK OZ IGT KYZGHROYN
4_YZKXKYOY HKZ]KKT GIZO\GZOUT ZKSVKXGZ[XK GTJ JKGIZO\GZOUT ZKSVKXGZ[XK ZU VXK\KTZ ZNK IUSVXKYYUXu
1Br5L >/zC2 OY KYZGHROYNKJ GY YKZZOTM ZKSVKXGZ[XKq r GY tywes N_YZKXKYOYq r GY xuws ZNK IUSVXKYYUX
U[ZV[Z OY :9 ]NKT OZ OY XKGINKJ tx+e GTJ OZ OY :22 ]NKT OZ OY XKGINKJ tyxeu
f5T :9v:22 IUTZXURs ZNK ZKSVKXGZ[XK OY RU]KX ZNGT =@s ZNK U[ZV[Z OY :22 GTJ OZ OY :9 ]NKT OZ OY NOMNKX
GTJ OZ OY GRYU JKYOMTGZKJ GY J[GR VUYOZOUT IUTZXURu
f>NK YKZZOTM XGTMK UL N_YZKXKYOY OY wu|axwuweqya|wiru
h?[]a` Q\^^SQ`W\[ M N
5Z IUXXKIZY GT KXXUX MKTKXGZKJ H_ ZKSVKXGZ[XK YKTYUX OTV[ZZKJ LXUS K^ZKXTGRu
1^rANKT XUUS ZKSVKXGZ[XK OY tx*es ZNK JOYVRG_ ZKSVKXGZ[XK UL ZKSVKXGZ[XK IUTZXURRKX OY tywes YKZ ZNK
OTV[Z IUXXKIZOUTq r \GR[K GY yuws OZ OY IUXXKIZKJ GY tx*eu
f>NK YKZZOTM XGTMK UL OTV[Z IUXXKIZOUT OY txwuweaxwuweu qtx*ax*ir
h:ST^\_`
ANKT IUSVXKYYUX OY UVKXGZKJ LUX G RUTM ZOSKs ZNK KLLOIOKTI_ OY RU]KXKJ H_ ZNK LXUYZ K\GVUXGZUX GTJ LXKK`KX
H[ORZ OTu - JKLXUYZ JKYOMTGZKY ZU XKSU\K LXUYZ GTJ OIK GXU[TJ ZNK K\GVUXGZUXu
l4KGZOTM JKLXUYZq-[ZU JKLXUYZr
8U[TZ G NKGZKX TK^Z ZU GT K\GVUXGZUX GTJ UVKXGZK OZ ]OZN JKLXUYZ OTZKX\GRE F GTJ ZOSKE F UL ZKSVKXGZ[XK
IUTZXURRKXs XKSU\OTM LXUYZ GTJ OIKu
l8GT[GR JKLXUYZ
ANKT VXKYYOTM g QK_ OY VXKYYKJ LUX z YKIs ZNK JKLXUYZOTM OY GIZO\GZKJ LUX JKLXUYZ ZOSKE F J[XOTM ZNK
IUSVXKYYUX UVKXGZOUTu
>NK VXOUX JKLXUYZ OTZKX\GR \GR[K OY TUZ JKRKZKJu
fANKT VXKYYOTM g QK_ LUX z YKIs OZ XKZ[XTY ZU G[ZU JKLXUYZu q>NK JKLXUYZ OTZKX\GR YZGXZY GMGOT LXUS JKLXUYZ
U[ZV[Z OY :22ur
fANKT JKLXUYZ OTZKX\GR OY YKZ ZU bwuwcs OZ OY UTR_ UVKXGZKJ GY SGT[GR JKLXUYZu
fANKT OZ [YKJ GY SGT[GR JKLXUYZs IUSVXKYYUX U[ZV[Z GTJ K\GVUXGZOUTtLGT U[ZV[Z GXK :22 ]NKT ZNK JKLXUYZ
U[ZV[Z OY :9u
f>NK YKZZOTM XGTMK UL JKLXUYZ OTZKX\GRE F OY way{ NU[XY GTJ JKLXUYZ ZOSKE F OY wa|+ SOTu
h9\\YW[U|9\Z]^S__\^} \]S^O`W\[
>KSVKXGZ[XK IUTZXUR , 6KKV ZNK YKZZOTM ZKSVKXGZ[XK H_ XKVKGZOTM :9v:22 UVKXGZOUT OT ZNK XGTMK UL
N_YZKXKYOYu
O[X WX^Tj O[X WX^Tj f\_X I\`\_g_
@UahX kXda f\_X aY efTdf aY dX2abXdTf\a` KJ f\_X

Baa^\`Z
fX_bXdTfgdX

NQ u FjefXdXe\e

AX^ai kXda O\_X


|g-} |g.}
Ba_bdXeead KJ
KEE
f , >NK U[ZV[Z OY TUZ UVKXGZKJs UTR_ ZNK LXUTZ 9ECF RGSV OY LRGYNOTMu
hIVS RSYOe `WZS \T _`O^`~a] O[R ^S~\]S^O`W\[ M N
xr0KRG_ UL YZGXZt[V , ANKT GVVR_OTM ZNK VU]KX GMGOT UT G IUSVXKYYUX GLZKX VU]KX OY LGORKJs ZNK
IUSVXKYYUX ]ORR HK U\KXRUGJKJu 5T ZNOY IGYKs JKRG_ UL YZGXZt[V VXK\KTZY I[XZGOROTM
UL ZNK ROLK I_IRK UL G IUSVXKYYUXu >NK YKZZOTM XGTMK OY wSxwYa+S|+Yu
f>NK U[ZV[Z RGSV OY :9 YOS[RZGTKU[YR_ GLZKX ZNK RGSV LRGYNKY K\KX_ UTK YKIUTJ J[XOTM JKRG_ ZOSKu
yr0KRG_ UL XKtUVKXGZOUT , 5Z JUKY TUZ UVKXGZK ]OZNOT JKRG_ ZOSK UL XKtUVKXGZOUT GLZKX IUSVXKYYUX Z[XTKJ
:22 ZU VXK\KTZ LXKW[KTZ :9v:22u >NK YKZZOTM XGTMK OY wSxwYa+S|+Yu
f|g-}2UX JKRG_ ZOSK UL YZGXZt[Vs IUSVXKYYUX U[ZV[Z OY :22 K\KT ]NKT ;@ OY RU]KX ZNGT =@u
5Z OY Z[XTKJ :9 GLZKX JKRG_ ZOSK UL XKtUVKXGZOUT OY U\KXu
lCW[WZaZ ED `WZS M N
=KZ G SOTOS[S :9 ZOSK ZU VXK\KTZ LXKW[KTZ :9v:22u >NK YKZZOTM XGTMK OY wSxwYa|SwwYu
f|g.}/USVXKYYUX U[ZV[Z OY :9 K\KT ]NKT ;@ OY RU]KX ZNGT N_YZKXKYOYu 5Z OY Z[XTKJ ZU :22 GLZKX ZNK
SOTOS[S :9 ZOSK OY U\KXu

B29>
9\\YW[U+:ST^\_` ISZ]S^O`a^S 9\[`^\YYS^
h:ST^\_` \]S^O`W\[|>SO`W[U RST^\_`}
KbXdTf\a` fXd_ Baa^\`Z KbXdTf\a` fXd_ |7}
abXdTf\a` 9\a[`S^
aY WXYdaefXd aY WXYdaefXd
CX^Tj aY Baa^\`Z CXYdaefXd CXYdaefXd Baa^\`Z
efTdf2gb abXdTf\a` abXdTf\a` abXdTf\a` abXdTf\a`
|8}
Baa^\`Z IWZS^
.Ba_bdXeead/
CX^Tj aY CX^Tj aY
CXYdaef CXYdaef WXYdaef CXYdaef CXYdaef WXYdaef CXYdaef
2X`W 2X`W |9}
\`fXdhT^ f\_X \`fXdhT^ f\_X \`fXdhT^ CXYdaef f\_X
ISZ]*
Q\[`^\YYS^
CXYdaefXd

DhTbadTf\a`2YT` |:}
F\cS^
CX^Tj aY CX^Tj aY CX^Tj aY Q\[`^\YYS^
XhTbadTf\a`2YT` XhTbadTf\a`2YT` XhTbadTf\a`2YT`

DhTbadTf\a`2YT`
|;}
FO[SY
ZS`S^
DhTbadTf\a`2YT`

|<}
DhTbadTf\a`2YT` IOQV\+
H]SSR+
DhTbadTf\a`2YT` FaY_S
ZS`S^
LaiXd KJ f , >NK JOYVRG_ RGSV OY UTR_ LRGYNOTMu q>NK U[ZV[Z OY TUZ UVKXGZKJur

l:ST^\_` W[`S^bOY M N |=}


:W_]YOe
5Z YZGXZY ZU JKLXUYZ LUX XKRK\GTZ OTZKX\GRu >NK YKZZOTM XGTMK OY way{ NU[XYu a[W`
ANKT ZNK JKLXUYZ OTZKX\GR OY YKZ ZU nwuwns OZ OY UTR_ UVKXGZKJ GY SGT[GRu
l:ST^\_` `WZS M N |>}
>NK JKLXUYZKX qNKGZKXr OY :9 J[XOTM JKLXUYZ ZOSKu >NK YKZZOTM XGTMK OY wSa|+Su HS[_\^
Q\[`^\YYS^
lIVS RSYOe `WZS \T RST^\_`~S[R + SbO]\^O`W\[~TO[ \]S^O`W\[ M:^W]]W[U IWZS 6 N
xr>NK JKRG_ ZOSK UL JKLXUYZtKTJ , 5Z OY ZNK ZOSK LUX JXGOTOTM XKSGOTKJ JXUVYu -LZKX ZNK JKRG_ ZOSK OY U\KXs
|?}
IUSVXKYYUX YZGXZY UVKXGZOTMu q>NK YKZZOTM XGTMK , wSwwYa|S|+Yr HcW`QVW[U
]\cS^
yr>NK JKRG_ ZOSK UL K\GVUXGZOUTtLGT UVKXGZOUT , >U OSVXU\K ZNK KLLOIOKTI_ UL IUUROTM Y_YZKSs ZNK UVKXGZOUT UL _a]]Ye
K\GVUXGZOUT LGT OY JKRG_KJ [TZOR K\GVUXGZOUT VRGZK MKZY LXU`KT
GLZKX IUSVXKYYUX UVKXGZOTMu q>NK YKZZOTM XGTMK , wSwwYa|S|+Yr
|@}
f>NK JKRG_ ZOSK UL JKLXUYZtKTJ GTJ K\GVUXGZOUTtLGT UVKXGZOUT GXK GVVROKJ ]OZN UTK YKZZOTM ZOSKu q r F^\dWZW`e
_S[_\^
fANKT ZNK JKRG_ ZOSK UL JKLXUYZtKTJ OY LOTOYNKJs JKLXUYZ OY JOYIUTZOT[KJ GTJ JKLXUYZ OTZKX\GR OY XKVKGZKJu
f>NK U[ZV[Z RGSV OY :9 YOS[RZGTKU[YR_ GLZKX ZNK RGSV LRGYNOTM K\KX_ UTK YKIUTJ J[XOTM ZNK JKRG_ ZOSKu
|A}
h;bO]\^O`W\[ \]S^O`W\[ Z\RS M N FV\`\
SYSQ`^WQ
l:VKXGZOUT SUJK xE F , 5Z UVKXGZKY YGSK GY IUURKXu _S[_\^
l:VKXGZOUT SUJK yE F , 5Z UVKXGZKY GLZKX ZNK JKRG_ ZOSK UL K\GVUXGZOUTtLGT UVKXGZOUTu :22 J[XOTM
JKLXUYZ UVKXGZOUTu |B}
l:VKXGZOUT SUJK zE F , 5Z OY YZGXZKJ ]NKT ZNK VU]KX OY GVVROKJ GTJ UTR_ UVKXGZKJ J[XOTM ZNK JKLXUYZ F^S__a^S
_S[_\^
OTZKX\GRu q5Z JUKY TUZ GT_ OTLR[KTIK [VUT ZNK LXKK`KXur
l:VKXGZOUT SUJK {E F , >NK K\GVUXGZOUTtLGT UVKXGZKY UTR_ OT ZNK UVKXGZOUT ZKXS UL LXKK`KX UX
JKLXUYZs OZ OY :22 ]NKT IUSVXKYYUX GTJ JKLXUYZKX GXK YZUVVKJu |C}
G\`O^e
q5Z OY [YKJ ZU IUTZXUR ZNK GHU\K `KXU ZKSVKXGZ[XKur S[Q\RS^

l:VKXGZOUT SUJK |E F , 5Z OY YZGXZKJ ]NKT ZNK VU]KX OY GVVROKJ GTJ OZ ]UXQY [TZOR ZNK VU]KX OY LGORKJu
|D}
h:W_]YOe O[ S^^\^ H`S]]W[U
Z\`\^ {
SGXQ GTJ IUTZKTZ GXK LRGYNOTM K\KX_ wu| YKI ]NKT KXXUX OY UII[XXKJu :^WbS^ {
9\[`^\YYS^
4 G`bgf eX`ead \e W\eVa``XVfXW
|E}
G`bgf eX`ead \e `ad_T^ ad YdXXkXd fX_bXdTfgdX \e `af V[T`ZXW ahXd 635n.7t/ Yad =^O]VWQ
4 aUeXdhTf\a` f\_X.HU@/ aY ^aab UdXT]3 ]O[SY

4 LdaVXee fX_bXdTfgdX .LQ/ \e ^aiXd f[T` f[X W\eb^Tj dT`ZX


|F}
4 LdaVXee fX_bXdTfgdX .LQ/ \e [\Z[Xd f[T` f[X W\eb^Tj dT`ZX F^\RaQ`W\[
_`\]]OUS
f>NK KXXUX JOYVRG_ UL v v JOYGVVKGXY GLZKX ZNK GHTUXSGR LGIZUXY GXK IRKGXKJu Z\RSY_ {
^S]YOQSZS[`
q=KTYUX IUTTKIZOUTvXKZ[XTOTM ZU ZNK JOYVRG_ XGTMKr

B2:5
I9/L<
hE]S^O`W\[ QeQYS M N + ED Ra`e ^O`W\ \T Q\Z]^S__\^ W[ S^^\^ M N
ANKT GT KXXUX UII[XYs XKVKGZY :9v:22 UVKXGZOUT HGYKJ UT YKZZOTM \GR[KY UL KbXdTf\a` VjV^X
UVKXGZOUT I_IRKq r GTJ :9 J[Z_ XGZOUq r UL YKIUTJ YKZZOTM MXU[V ZU VXUZKIZ aY Va_bdXeead
ZNK OTYOJK UL ZNK IUSVXKYYUXu >NOY OY XKVKGZKJ [TZOR KXXUX OY XKSU\KJu
KJ dTf\a.,/
f>NK YKZZOTM XGTMK UL UVKXGZOUT I_IRK , wayw SOTs
>NK YKZZOTM XGTMK UL :9 J[Z_ XGZOU , waxwwo KJ
Ba_bdXeead
fANKT UVKXGZOUT I_IRK UL IUSVXKYYUX OY nwns OZ QKKVY :22 YZGZ[Y OT KEE
KXXUXu >NK :9 J[Z_ XGZOUq r OY TUZ JOYVRG_KJ OT KXXUXu
f>NK J[Z_ XGZOU UL IUSVXKYYUX :9 OY nxwwns OZ QKKVY :9 YZGZ[Y OT KXXUXu
h7YO^ZW[U \T Y\\] RW_Q\[[SQ`W\[|B87 6 B\\] 8^SOX 7YO^Z}
ANKT ZNK IUUROTM ZKSVKXGZ[XK OY TUZ INGTMKJ U\KX xuweqyir J[XOTM SUTOZUXOTM ZOSK YKZ GZ RUUV HXKGQ
GRGXSq r VGXGSKZKXs OZ OY XKMGXJKJ GY GHTUXSGR UVKXGZOUTu 5Z JOYVRG_Y GTJ K\KX_ wu|YKI GTJ ZNK
IUSVXKYYUX U[ZV[Z XKVKGZY :9v:22 H_ ZNK UVKXGZOUT I_IRKq r GTJ :9 J[Z_ XGZOUq r YKZZOTM OT KXXUXu
ANKT VXKYYOTM IC QK_ YOS[RZGTKU[YR_ LUX zYKIs GLZKX INKIQOTM ZNK IUSVXKYYUXs OZ UVKXGZKY TUXSGRR_ ]OZN
IGTIKRROTM ZNK KXXUXu 7.- L[TIZOUT JUKY TUZ UVKXGZKJ ]NKT 7.- \GR[K OY GZ nwnu
q7.- YKZZOTM XGTMK , wa+++YKIr
hHS` `VS B\QX M N
7OSOZ ZNK INGTMK UL =@ GTJ VGXGSKZKXu
, 7UIQ ULL
, 7UIQ ZNK YYKZZOTM MXU[V y
, 7UIQ ZNK YKZZOTM MXU[V x GTJ y
, 7UIQ ZNK YKZZOTM MXU[V xs y GTJ YKZZOTM \GR[K

iF^\]S^ a_OUS
xu ;RKGYK HK]GXK TUZ ZU K^IKKJ ZNK XGZKJ YVKIOLOIGZOUT UL XKRG_ ]NKT [YOTM XKRG_ IUTZGIZ UX OZ SG_ IG[YK G
LOXK ]OZN HXKGQJU]Tu
yu ;RKGYK SU[TZ G Y[XMK GHYUXVZOUT JK\OIK GZ IUOR ]NKT IUTZXURROTM NOMNtIGVGIOZ_ VU]KX XKRG_ UX G SGMTKZs
ZNK IU[TZKX KRKIZXUSUZO\K LUXIK IGT HK LRU]KJ OTZU ZNK OTYOJK UL ZNK JK\OIK LUX XKRG_ IUTZGIZ UVKXGZOUTu
zu ;RKGYK OTYZGRR G VU]KX Y]OZIN UX IOXI[OZ HXKGQKX OT UXJKX ZU I[Z UL VU]KX Y[VVR_u
{u >NK Y]OZIN UX G IOXI[OZ HXKGQKX YNU[RJ HK OTYZGRRKJ TKGX H_ [YKX LUX KGY_ UVKXGZOUTu
|u 0U TUZ [YK ZNOY ZKSVKXGZ[XK IUTZXURRKX GY G @URZtSKZKX UX -SVKXKtSKZKXu
}u 5T IGYK UL [YOTM <>0 YKTYUXs VRKGYK IUTTKIZ GY zt]OXK Z_VK GTJ [YK z YGSK ZNOIQTKYY UL ROTKY ]NKT _U[
TKKJ ZU K^ZKTJu 5Z SOMNZ IG[YK ZNK JK\OGZOUT UL ZKSVKXGZ[XK OL ZNK XKYOYZGTIK UL ROTK OY JOLLKXKTZu
~u ;RKGYK INKIQ ZNK VURGXOZ_ GTJ IUTTKIZ IUXXKIZR_ ]NKT IUTTKIZOTM <>0 YKTYUX ZU ZKSVKXGZ[XK IUTZXURRKXu
9>/ YKTYUX OY G TUTtVURGXOZ_u
*u 5T IGYK UL SGQOTM VU]KX ROTK GTJ OTV[Z YOMTGR ROTK IRUYKs ROTK LORZKX LUX TUOYK VXUZKIZOUT YNU[RJ HK OTYZGRRKJ
GZ VU]KX ROTK GTJ OTV[Z YOMTGR ROTK YNU[RJ HK YNOKRJKJu
q9UZKr ;RKGYK SGQK YKTYUX ROTK YNUXZR_ GTJ [YK OZ HKIG[YK ZNK TGXXU] XGTMK UL OTV[Z IUXXKIZOUT XGTMKu
+u 6KKV G]G_ LXUS ZNK NOMN LXKW[KTI_ OTYZX[SKTZYu q4OMN LXKW[KTI_ ]KRJOTM SGINOTK p YK]OTM SGINOTKs
NOMNtIGVGIOZ_ =/< IUTZXURRKX KZIur
xwu ;RKGYK [YK -A3 9Uu xyay* LUX VU]KX OTV[Z GTJ XKRG_ U[ZV[Z IUTTKIZOUTs LGYZKT ZNK ZKXSOTGR HRUIQ GY G
ZUXW[K wuz9Su
xxu 5TYZGRRGZOUT KT\OXUTSKTZ
n5Z YNGRR HK [YKJ OTJUUX
o;URR[ZOUT 0KMXKK y
p-RZOZ[JK 8G^u ywwwS
q5TYZGRRGZOUT /GZKMUX_ k

B2:6

You might also like