&
NËWK\\KQO Â P\YSN $ .ËWK\\KQO NO VvY\NSXK^O_\ KVY\] [_vSV O]^ RY\] ^OX]SYX
NËWK\\KQO $ +L\Ë`SK^SYX NvK]cXMR\YXO .Ë]SQXO ZK\PYS] VO] PSMRSO\]
.O]U =^K^SYX @ :V_] $ ?X ZË\SZRË\S[_O ZO\WO^^KX^ NvË^OXN\O VO XYWL\O
NS][_O N_\ $ .S][_O XYX KWY`SLVO QËXË\KVOWOX^ Ë[_S`KVOX^ Â Vv_XS^Ë - 6O
NS][_O PSbO $ @YS\ NS][_O N_\
NS][_O Y_ NS][_O^^O ]c]^ÊWO $ ?X NS][_O PY\WK^Ë ZK\ _X ]c]^ÊWO
NS][_O^^O Y_ NS][_O XYX ]c]^ÊWO $ ?XO NS][_O^^O Y_ _X NS][_O
NS][_O^^O $ ?X ZO^S^ NS][_O PVObSLVO [_S OX\OQS]^\O VO] NYXXËO] _^SVS]KLVO]
NYM_WOX^K^SYX $ /X]OWLVO NO] WKX_OV] Y_ SX]^\_M^SYX] ËM\S^O]
NYXXËO] $ 3XPY\WK^SYX] MYXM\Ê^O] WO]_\KLVO] Y_ ]^K^S]^S[_O] MVK]]ËO]
.9= $ .S]U 9ZO\K^SXQ =c]^OW @YS\ ]c]^ÊWO NvObZVYS^K^SYX
NY]]SO\ $ ?X OWZVKMOWOX^ VYQS[_O ZO\WO^^KX^ Â ASXNYa] NO \OQ\Y_ZO\
.=>8 ËM\KX $ /M\KX MY_VO_\ PSX Â M\S]^K_b VS[_SNO] O^ Â WK^\SMO ZK]]S`O
N_ZVSMK^O_\ NO ZY\^] $ @YS\ =^K^SYX :-7-3+ 33
=K^OVVS^O =Ë\SO "
MY\\O]ZYXN Â _XO WS]O ]Y_] ^OX]SYX MVK]]S[_O
_^SVS]Ë] ZOXNKX^ VK Z\YMËN_\O NO NËWK\\KQO NO VY\NSXK^O_\ 6O
Z\YQ\KWWO VS^ NO] SX]^\_M^SYX] ]S^_ËO] NKX] V_X NO] MS\M_S^] NO
WËWYS\O WY\^O NO VY\NSXK^O_\
NO ZY\^] O^ NvOWZVKMOWOX^] YPPO\^] ZK\ VvY\NSXK^O_\
NS][_O N_\ O]^ SX]^KVVË OX _]SXO O^ XO ZO_^ Ì^\O \ËZK\Ë [_O ZK\ _X
^OMRXSMSOX [_KVSPSË -O NS][_O O]^ ZK\PYS] KZZOVË NS][_O PSbO Y_
NS][_O SX^ËQ\Ë
NvObZVYS^K^SYX O^ MYX^OXKX^ VO] PSMRSO\] SXNS]ZOX]KLVO] K_
NËWK\\KQO :Y_\ 7=.9= VO ]c]^ÊWO NvObZVYS^K^SYX O]^ MYWZY]Ë
Z\SXMSZKVOWOX^ NO NO_b PSMRSO\] MKMRË] O^ N_ PSMRSO\
-977+8.-97 @Y_] ZY_`Od NËWK\\O\ VvY\NSXK^O_\ Â ZK\^S\ N_
NS][_O ]c]^ÊWO /QKVOWOX^ KZZOVË NS][_O NO NËWK\\KQO
ZO\WO^^KX^ NO ]^YMUO\ NO] NYXXËO] WKS] ZK] NO \ONËWK\\O\
VvY\NSXK^O_\ @YS\ NS][_O^^O ]c]^ÊWO
ZK\ _X Y\NSXK^O_\ ]_\ _XO ]_\PKMO WKQXË^S[_O -O NS][_O O]^
ZK\PYS] KZZOVË NS][_O PSbO Y_ NS][_O SX^ËQ\Ë
NO]^SXËO] K_b _^SVS]K^O_\] Nv_X ]c]^ÊWO SXPY\WK^S[_O Y_ Nv_XO
KZZVSMK^SYX 6K NYM_WOX^K^SYX Nv_X Y\NSXK^O_\ MYX^SOX^
XY\WKVOWOX^ NO] SXPY\WK^SYX] ]_\ VO] Z\YMËN_\O] O^ NO]
ObZVSMK^SYX] KSX]S [_O VK Z\Ë]OX^K^SYX NO] PYXM^SYX] N_ ]c]^ÊWO
Y_ WS]O] OX PY\WO ZY_\ Ì^\O ^\KS^ËO] ]^YMUËO] Y_ MRK\QËO] ZK\
VvY\NSXK^O_\
ZV_]SO_\] PSMRSO\] ?X NY]]SO\ ZO_^ MYWZY\^O\ NvK_^\O] NY]]SO\]
MYXPY\WO Â VK XY\WO @1+
1VY]]KS\O