[HQCN G]LQ [JCO GS]QG GOLUHQ RLSZ ML[Y RLC PHZQ OND G]LQ ]UD Z[ GOJ CLG PEG
GZFYO ]HUQG JZLOQ RLHJ RLCH HOCN ]HCHHY OU MHQTO PLEGHS ]CIG X[CD GQO OHFE PUK HGIH
LWU PG PLCLDS LSD PLCLDS PSLC PCH ]QCG HSHHLN QQ GIO H]JS CO LN PCH L[HQG RN GHLYN
UYH CD[UH FZ CJ UGC GQ ]H[EC
GOLUHQ GSLC RL[NF RLSD ]DH]N LN CL[Q D[ ]LLC[ G]JFS LLDCO PLSHC[ FHUH GSHL HSD[ H[LW LWO [LUGO L
RHO FJCOH GS]Q RHO FJCO [KD DH]NL CL[D GSHL HSD[ D]N HQNH OSGO C[QEGQ GJNHG RLC FD LCS] COHO
RLSZ RLC PHQ GSZ]G COHO RL[NF RLSD ]DH]N GOLUHQ RLC OL LQS LNGH GSZ CO GH[L RHOD H]HC [D]TQ GH[L
G]LQ [JCO
GSLG HI GNOG H[QC FQZ RQZO CWH[KHWC COC GCU CO H]CO HLTNS ON D]HNG DU
ONQH H]SHHN MN ]KOJHQH G[H[D CSFQHC RCN RLC [DFG H[LWH CQUK COD C]NOG [FED
CQUK COD C]NOG H[QC GQ TH]G H[W [DNH@ ]UFG FQHC PHQ RN RHFO PLQNJ HSZ] PHZQ
>PLQNJ RN HSZ] G Q O PUK L ODC [DFG OLUHQ F Y L N TLTDH [DTG RLC
HC CWH[KHWC GCU [KD RN DH]N HOLCN >FQHCG LW OU@ RHFO HSZ] PCG ZW]TGO PHZQ LH@
OJ GQH OJ HSLC HD DH]N GQ L[G ONH ONQ [KG ]C > RLF ]LD [ZWG JNQ@ PLQNJ HOKLD CQ
>CLZ CJ UGC GQ ]H[EC ]HD ]HNL[CD U PL[DF GQNO GSLQ CZWSH [KD DH]N CO
D O Z VF
LFN RLHN]QD RN GU CO RHOG RQ ZLLFO L DHJ [K HLOU CYLH H]CO HLTNS ON D]N
LFGT RSCF G]DH]N GFDC CO HLTNS GO D]N MN PO [NLS PC ODC GFLTWGOH HLTNS GO JL[DGO
CDKL[ LWU ]HCH[ RLLFG LSLU GQ LWN ONGH ]OJHQ G]LG CO H]SHHN GUFL HOLC LN
G]S]Q PGLS GFLD PLLZ] CO UHFQ ]CI ]HUO GJL[NQ GQ RDHQ RLC G[HCNOH G]DH]N ]OJHQ [DFG PUK [CDO GC[S@
DLLJ]] CLG G]DH]N FHDU ]C [LC] HOLC L[G C[QED RQZOFN GO CHG FHDNOH H]S]QD GYWJ RHLN MC "G]DH]NH
G]DH]N GDE] CQ [KG [LC] PC LN GS]QO HQFZ ]HDHJ LOUD O PQHLZ OU GO UFHLNO G]S]Q [K UH[ZO
[QC PUKG CHGH L]DH]N ]C G]UH L]S]Q ]C L]OKS PFHZ [QC]H DH PGQ GDE] PLWTHS PLTNS GSZLNOH PLTNS P]HCQ
HLTNS ON GO D]N OU OHZG CYL LFN [KG O HQHLZD GYWJ CLG L[GH GQ[G [LW HQN G]S]Q U[Z] [IULOC LD[
>GHHGD G]DHK OOED G]DH]N FHDU OU ]OJHQH GI RHNLTO TSNLGO GSNHQ GCG O G]UF PLFQHC MNOG
]HDEO GOHNL QQ U[Z] CO CDKL[D CDHQ GC[G ]UF RNH [WQ PD[ G]DH]N U[Z]
GS]QD GODLZ PLTNS P]HCQ COC GFHDU GOJQ COH RNQ [JCO PGD GNIL PLTNSQ G]DH]N
[ZLU ]C ]OJHQ GSLC PC LN G]DH]N OU L[QEO GOJQ QQ U[Z] L[LCQG FFY RNH [WQ GQ[GH
G]HCD L[GH HOOG PLTNSG LOUDO ]OJHQ CLG LQO COG FDOD PLQLHTQ PLTNS FHDU COC DHLJG
ON GO GU CO PHON GOJQ CO DHJ OUDOH@ GOJQ GQYU LDEOH PLTNSG ]OUD CLG GOJQ GU
P]HDEO DHJ OUD OHNL FYLN RN PCH >GDHK
KT
]UF VTHL
CDKL[D QNH GSHC[ GUFO RN RLC GQ ][JC GDH]N COD GQU ]HGO GOUDO [HTC GC[S HI GUF LWO
CGH U[Q DLND CQLOLC LCQDH CLSZ DHJ [K HLOU CYL CO CG DHJ [K HLOU CYLF CQUK
U[ZL] UHFQ C]LL[DD LHSG RLFG VHE OU ]HZGO GLG OHNL THWH[KHWC COC GCU CO ][QC
GLG RN GZG HOLC COC MN OD G]DH]N FDCO GO RLCH CWH[KHWC COC GCU CO L[GH G]DH]N
ODC [D]TQ RLFG RLC ]QCD LN PC GDH]N GFDLC CWH[KHWC GCUD VC [QHOH ]HJFO GJHFG OHNL
C[DT JNQ COH C]LL[DD JNHQG ZHLFQ HO GZQ G]U
PC GSHZ DHJ [K HLOU CYL CO CG GQYU HIG CLHZG CLG CLG C[QEG ]LHZ [WO L FHUH
CD[H RDQ[ LWU GDLJ[GOH CLHZG JHH[O FHQO]G M[FH G]DH]N U[ZL] UHFQ GSHZ GSLC ][QC
RH[JCN CDKL[GH RHC[G H[LWN [LW R[GH
GSHL HSD[ HD]N RNH G]DH]N GUZW CO CWH[KHWC GCG [CN RHCE ]DH]Q RDQ[G CLDG RNH
PLSHC[ [CH GQ[G
RNH GF CIL ]HLC JQ [HC U
U[Q DLND POHUO
OU TTHDQ GI RLF [ZLU ON LW OU VC CLS]GH CSFQHC []D RQJS D[ OLIC COF C[QLQO
RQJS D[ [CHDQ L[G RN PCH G]UF RN PLFQHC HSC Z[ H[LWD G]DH]N GOJQ CO L[G CSFQHC
CO RCN RHEN LCS]H GODELQ ][YHLG CSFQHCO C[QEG ]SHHN [QHO L MC CSFQHC [JC MOHG
HSD PC COC R]S CO CLTSQ RD RHUQ LD[ O HSLFD RNH ]HDEO DHJ OUD CHDL CO PC COC GOJQ
PL[HU XDHZ LWU PLLZ
PHZQD HSLYQ MNOH GHQ FHQO]G P]HC CZHF COC HIO HI CSFQHC ]HHGO RLC C[G TH]D DH]N
CSFQHC []D MOHG HSLC RQJS D[ [JC
HQZ ROGO GC[ CSFQHC []D OLIC RLSU [HCDD FHU
GDL]N COD GODZD LF RLC [DF O HQUK G]DH]N GFDC CO P G]LG COH GLOU GODZ DU
GDH]N GDE] G]UFH HLSDO HLTNS ZOJL GLSLUD DHK COC QQ GOLJQ GODZG RLC GLSWD
LOUDO L]LU JH[ ]JS [QHO GOHNL D]N PD[H GSHL HSD[ GY[]N PGQ
GFHGL LD[ [QC PHZQ OND HS]LEHTQ JLNHGO L PCG
P G]LG L]QLC GFHGL LD[ [QC CLS] CGH
PD[U C]LL[DD GFHGL LD[ L[DFN VCH CD [WO PLSHC[GQ GD[G ]T[E CLG RN PL[HQC PL[DF GQD HC L]QLC
DH GF FG DHK PHL OG MOQG [U [WTD UH CDKL[H C[H]
G]DH]N GFDC PLSDG RLD V]H GCU RHLN [QHC LSC GLO [QC RQJS D[O CD[ GLO [QC
RQJS D[ L[DFD PLSHG PLH[LWG PHNLTO ]HDH]H ]HOCD [
G[DT CL[DD ODC GOJQZH GLO ]LOF GUFLF CHG U[Q DLND RSL[QC LQ MCLG CL[DD CD[ LUD
U
EOZ VF C[]D CDD
GNI PC ODC HLSDO D]N PLTNS P]HCQ COC GOJQ CO CLEHTG OND [WQ PD[ LSZ [FG
]Z]H CLG MNO LN OON GOJQ CO CQ CL[DD ZWTG [WQ GI LWOH PGQ GDHE PL[JC PLTNSD
GDEC PGQH PLTNS GSZL [WC COG G]U HTLUNGO LO GQ GDOD ][QHC COC ]OJHQ LSWQ CO
[[DHG GSZ CO RHLNH PL[JC PLTNS GSZL GJSGD GLHU CL[DD G]OLJQ HI M[FD HC@ L]DH]N
>GQ[ GOJQ CO HI ]UF OU CLG ]HUKD GOLJQ
[HWQ RNH HZL] D [DFG [CS CL[DD L[G U[Q DLND MHQTD PLUQG FLQUGO ML[Y GI LWOH
]S]Q COGH GLDC G[L ]DG G]QN LSG GUQD PD[G D]N GQ [CDO ML[Y ILWOH GQ[DH PD[D
PHLGQ F U[Q DLN ]S]QD [QHO LH "]DG G]NI CO POHUQ DCG LLJD ]DG G]Q RHLNH ]QN COC GOJ GSLC U[Q DLN
PLSLSU XDHZ G]LQ [JCOH
RN PE PCG CD[ ZW]TS CL[DDH G]DH]N ON OU GOJQ U[Q DLND [WQ CEQ RD L[G POHCH
G[HDT LN PL[JC PLTNSQ CO ODC HLSDO R]S PLTNS P]HCQ COC GOJQ CO CQ HC L[QEO GOJQ
RHLN COZ CO LQ LSZ [FG HOLC MHQTD CSGN D[ [QC GQ HGIH GDE] PGQH PLTNS GSZL
GDHEH G]ZIJ OU G]DH]N PLFLQUQ RN OU GOJQ G[H[D GJNHG HSO RLCH ZWTG KWS CO CL[DD
PL[JC PLTNSQ
E O Z VF
CZ GHGF CHGGF ][QCZ CG LN CQOF DDL[N GNOG CQLC GZH[D RD RSJHL LD[N MO C[LDT LC
LHC[ PCF GOU RO ][QCH "RCQO COC HGO [QCH "CLSOWO CQOF RCQO GLTNS GLO H[QCH DLN
LN DDL[N GNOG P]T ][QC CO MNOH GS]Q PHQ ROKHS HCO PCH GH[L PHQ ROKHS H[HLO
L[ GS]Q RHO COH GH[L RHO HI RLC [HDT L]LLGH GOLUHQ RCQO COC RHO UFHL L]LLG CO IC
GQ[ FLD QNH CEQ RD
PDQ[G RN ON CO RSD[F GS]QD HLTNSQ ]LSHIS H]SQOC ][QC C]LL[HCF GH[LD C]G
R]S HOCH PLTNSG HDLLJ]S H]]LQD L[G U[Q DLN ]S]QQ ]SHILS GSQOC PUKG [CD KJ GLNI
DLN ]S]Q HOLCH G]LQ [QE PU OJ ]HSDGH GCG RHIQ DHLJ [QHON G]LQ [JCO COC HSZL CO PGO
H[W]L MN HL[DFOH GS]QO ]HSHIQG DHLJ PFHZ MNO IOZ ROGO CD[ L[DFN G]LQ [JCO COC GSLC U[Q
PHQ PUKG [WO G]C ML[YH HLTNSQ ]SHILS H]SQOC ][QC C]L[HCF GH[L C]G C[QEG L[DF
DLN ]S]Q RN PC G]LQ [JCO Z[ GOJ PL[HLG ]H[LO PFZH G]LQ [QE PU OJ GCG RHIQ DHLJ
GO PFHZ GCG RHIQ LCFH G]LQ [JCO COC GSLC CLG PE RSD[F U[Q
KT ]HDH]ND H[QC HQN GSQOCG ]HSHIQO PLCLYHQ RLC PL[HLG PH[NQ PLTNS PE COG GI PUK OU GZG RDQ[G
PUKN Z[ G[HQC PDQ[G D]N GQLFZ ][DT GC[SH "PLFDUHQ PLTNSQ PLCLYHQ RLC GCG GQFZ [CN PE L[G
PUK GI RLC ODC ]QFHZ CLG LSWQ GSQQ GDE] GSQOCG C]L[HCF GH[LO U[Q DLN ]S]Q PLQNJ HHG MNO GSZ]O
GSZ ]HC GQ[G RHOD ZFZFO L RNH HQYUO FQHUG
C]L[HCF GH[LN G]LQ [QE [JCO GOJ U[Q DLN ]S]Q IOZ ROGO H]KLO GID MOHG CD[ UQQ PDQ[G H[LWOH
P L[IU LDC [WTD PDQ[G L[DF [HCDD UUH GDHE GSQOCG RLC GDGC [D CFC D[ ][DTN [HDTL LLDC ODC
CU