CLG GOLOD PC Z[H DL]LH L[ZLQF CNLCF H]UF OU ]HOUGO HO GLG CO ]HNQD TH]G HD]N HQN [HKW DL]LH L[ZLQF
PHLD GLOU DLLJ PLD[G ]C ]QQ
EO VF
RDCG ]C Z[HID RLLUO L [HKW GI L[G GODZH HC[ ]C GOG CLYHG HFLQ RDCG G]CYLNQ PC
MN ]DN[D UTHS CHG RHEN GOHOTQO ULEGO FQHU LG ODC RDCG OHOTQD GOG O HC[ LG COH
CKLO OYSDS C[EGQ [HKW HC DLLJ LC HD UEW] RDCG
LQHO] RLSUO PE HC ]HOE RLSUO Z[ [QCS HQYU ]C CLYQQ O [HKWG PC C[QED ]HSHO L] HZOJS HS]LEHTD [LUGO L
CHG RLFG [HZQ RLZLIS RLSUO PE PDQ[DH C[QED UQQH PHONQ [HKW KLC ODHJ PDQ[GH VL[G HZTW RNH RLZLIS
HKUQ]G PLSWHC GD[G COGH RLZLISO HSQQ PLFQO FYLNH JYH[D [DFQ DH]NG LW OU VCH CFL[E C[DTG FYQ COH DH]NG RQ
R]SHGL HSD[ NNH THSCN DJS C[DTG FYQ [HKW RCNQ HSFQO [QHO HSJ[N OU COC "[JC PHZQD COH ]HOE RLFD
TSHC GI RLC C[Q UHFL OHOTQG PC [D]TQ RN PCH FDC[G LHFJD QNH THSC PHQ CHG PUKG
HSLC GQHFNH CUQZ II COC PHZQ H]HCD ZILSG GLG PC ODC RHOJQ C[ ]CYHG RHEND COC GI [QCS CO [WC ILWOH
DLLJ GKHWG C[DTG FYQ RWHCD VC CLG DH]NG ][IE [QCS PC L[G PL[DF F POQH GOHEH HQYU ]C CLYQQ OOND
PL[DF F RLSUO RCNQ PLFQO FYLN
TSHCD PL[KHWG ]UFO HOLWCH POHUO FUHQ PFC COGH ZISQ VC PHONQ [HKW PDQ[G ZTW UHFQ THSC FYQ PC GZ MC
FL[G RNCH@ [CD UH J VF L[ ]HUHD L[D UQQFN G[WN ML[Y LCFHH [HQE TSHC OOND HSLC RCN COG [HQE
COC GHUO L[QEO TJL]Q GUQG RLC PHQ CLG G[DTG GC[SH >PL[DF FQ [HKWH ZISD DLLJ HZTW [HKGH ICL[H
II COC PHZQ H]HCD GLG [DN JY[SG RWHCD ZW]TGO L RLFUH HQYU LZISD V]H GOG GLG HOLCN
CLEHTGQ G[HCNO GC[SN [HKW CHG PE TSHCO DH[Z FYQ [HKWG PC GI RWHCD EEHD E[G L[NSD RLFG FYLN RLLUO L RNH
HLOU E[GS RLC PFG OCHE HE[G PC EEH [CN HSLFH L[NSD MLL GI RLC ]HOE RLFD DH]NG ][IE HI PC MC K ]HNQD
PLNOQ OGQ LW[ PDQ[U
UQQ C] OHU RLC [DT [Q RLC HGO [QCH CDDC L[ZH JLN COH JLNF C[DED CNL[Y CO
P]T JLN COH JLND PLZOHJ H[QC CO UHFQ [CDO L UQQ M]NHFC PHZ RLC [DT [QH
RLC ][LQC OON [LNIG CO C[QEG L[DF CLDG C[GH RLC ][LQC COO
JLN PC COC RLC GSUN [DHFQG JLN CO HC JLN OLUO H[QC GQD PE G[HCNO GC[SH
H]SHHN CKLW JLN CO PCH H]LDD PODZO HN[F RLC LN M]NHFC PHZ O H]SHHN CKLW [LUD
TH]G NHQN C] OHU O
P]KLOH
RLC GLO [QCH CDDC L[ZF LQS LC JLN COH JLNF HT[E FHUH FL[G LZTW U PLSHC[ LH
PLUH[G COQ L RHQQ LZIS OG GSQ PJOD UUH JLN CO HC JLN PC ZHOLJ RLC RLC [QC ON
HLG C[QEG RQIDH RQIGH PHZQG LWO GS]Q EGHSG
w
C[G D]NH HOC PLZHOLJ KLQG VL[G
M[YS GLG CO DGUDH LSHSJ HC LSJOH OYC P]HJQGO PLOLE[ HLG@ ZHD HUDH]O PLOLE[ PLOUHWG
TSNGO M[FG ON UQQH EGSQG LWN RQIG VHOLJD PLS]Q RLFG LK[WH >HQU HGL PLSQHIQ ]HUQO
[JG ]OLCD UH H[H LZISD ]LDG OUD DLLJ ]LDO
Y
EO VF CQZ CDD
TSNS WUC [HKW DGUD O H[H HJESH ]LDG OUDQ H[N UHD]O TSNS OUHW CLS]F
UQQ M]NHFC PFHZ RLC QH RLC GLO [QCH CDDC L[ZF HCO COC "[HKW LCQC ]H[D
TSNS HOLCN GQHFH ][HWQ HSHO RLC LSWQ ]H[D TSNS HG[HZ RHOG ]HUQQ MN LW OU VCH
CLS] GF] U >H]UF LWO CHG MN@ ]H[D
]JC ]DD GI ]C GI HJESN CZHF ZIS LYJ []HQD RLQOQ GI ]C GI HODJ RLQ] RL[HH LS
[HKW HD GSLH [JC CDH GSQG ON L[G [HKW LSGH DLLJ CHG OLJ]G FJC PC ODC
M[HYO GNG LSG ON ZLIQG PFCD GSQG ON ][DT PL[QHC RLC PEG PLSC LSD PEH
VTHL LZHQS C[G LWU [HKW [JC RWHCD HQYU OU RSHEO OHNL GLG COH ]HSSHE]G
]HUQQ C[G D]N ZIS LYJ []HQD POQ FUHQD P] PO ZIS []HQD POQ P]D FUHQ
GI O HZIS PLNL[UQ PLQHO]G DHLJ LWO COH PQYU PLZISG LWO GUS DHLJG G[HQ L[ L[DF
PLLQJ O ZIS P]O ZLIG FUHQ RHEN ZIS LYJ GIH PO ZIS POO DLLJ GI LN VC GI O HZISO TJLD
LHNLS DHLJ LWN PLO COH@ FDOD G[U FUHQG POL PLUD[C O ZIS FUHQO ZLIG P]GH
>PLQHO]G
[]HQG COC GODJ RCN RLC ]JCN HOLJ]G RHLN H][DTH
GNL[Y L[OH CLG GNL[Y GSLC GSQ HD]N@ MN OU PLZOHJ UQQ ]HWTH]G L[DFQ PSQCH
FJC ON O PLQHO]G ]DHJ LWO GUS DHLJG HD]N PLZTHW [CH UHKH PDQ[G RNH >GNL[YH
POQ []HQG ]CH FUHQG L Q H O ] ]DHJ OHQ P]G L Q H O ] ]DHJ ]C PLNSQ HSLLGH HSLFN
P] [H RSD[ HS] [HG KOJHG [QHC CDLZU LD[ OCUQL LD[ L[DF RLF ]LDD [HG PHL
LD[H OCUQL LD[ ]ZHOJQ [HCDD PGL]HKLD PLZHOJ OI PLSHC[G RLFD FQU CO FU ZLIG
]HKLG [HYLZ GSG CDLZU
RLF [QE PFHZ COC GSLC P]ZHOJQ RCN FL[G LZTWDH ]YDHZQ GKLD RNH HO ROGOH Q RLKLED TH]
FDC HC [HG ]Q PCH HD V]HN GUSH ZILSO [HG KOJS OCUQL LD[O PE RLFG [QE [JCO ODC
HL]HUQ HFDC
PC ODC GLOUG RQ POO DLLJ HSLC DH OCUQL LD[O PE RLF [QE [JCO PSQC FHUH CD[ RDQ[
RLC GF KO ROGO TH]UH CZHF H[HQ H]HDEGO DLLJ HSLCH ]HUQD HZOTO OHNL GYH[
[CQ GDHE CHG L[G RLF [QE [JCO PE GI[GH GQ[G HQQ L[LCQG NNH ROGO HSHOD UQQ RN L[
P]T LZL]HWCN COC HSLCH OCUQL LD[O PLTNS
[JCO CZHF CDLZU LD[H OCUQL LD[ ]ZHOJQ I] L[NG ]QH[] OUD HLJCH RJG]HYZG [DTG LWN PDQ[
CLF[O [HNQ ZILS H[NQ PC [HD V]H HSLC CDLZU LD[O HOLWC RLF [QE PFHZ ODC RLFD GFQUG
HFHDU ZLIQG ][QHC ]CI RCNQ HFQO MNOH RLFD GFQUG PFHZ PE HSL [HG OU FHDU POHCH@
PFHZ PLQFD HZOTO OHNL ZLIQG GI PUKQ D]N LQ LH > CNI [L L[U UH JGHYZ H[DJ O
HJW KWQG ]HDL]S RLFD GFQUG
OICG RDC UUH [JC RWHCD PDQ[G L[DF [WH >ROGOF ]HLEHTGQ@ GI [DTG OU GQ] ILE ZD CHIJG
OCUQL [F GJLESG ]UQ [DN KOJHG ZU[O UQQF C]LL[DG RHO ZHLFQ [LUGO LH KL QHJ DCHL ]ZOJ DLF QIS
KOJHL COH K O J H G U[H RLF ]LDD [HG P H L [QC
CY
]UF VTHL
DHLJ OJ CO RLFD GFQUG PFHZ G[HCNO CTSZ CZIS CEOW [QHCG ]UFO PLSHC[G HZG [DNH
[HNQ PDQ[G ]KL CLG RN RNCH@ [HNQ HSLC ZLIQ H[NQ CDLZU LD[O UHFQH TSZ LDHLJ OND HQN OON
RCN CLG DH]NG ][IE CLEHTD TH]D UH >HZHQLS HGI OSG PLSH[JCG [DTG LWOH CDLZU LD[N ZTW PEG CLF[O
UUH@ L[LCQ U [JC PUKQ HC CSLLDHE [THJQ RLC LSWQ GSH RCN PL[QHC LH ]HTSZ [CO FHELSD
[KWS GFHQG RLC CTSZ CZIS CEOWD GO FDC[G ]UFH HN LGZ UUH >PHZQ ONQH GF GO ROGO HL[DFD
[NID HGLLWSFQ HKZS RNH
ZISG ]UQ U[WQO GNHI RLFD GFQUG ]UQ X[]O CLDG ]YDHZQ GKLDH
DN ]HUHD CQ ]HQDL DZUL ]HOGZ UH C G[UGD DU LL ]LD ILE ZD CHIJ ]SHHNF GC[SH GF DT ZJYL
ODC LCS] RLUN COC GSLC RLFD GFQUGG TSZ ON OU RCNQ JLNHGO GY[ ILWOH GF CNI [L L[UDH
PLOC [HG ]C G[H] GFDU FHDUG GSH RCN GJFH TH]G PD L[LCQD PE UH U[WQO OJ DHLJG
]UD FLQ FHDUG OJ ]HTSZ OND HD]N L PSQC ]HD[U [FED COC PSLC PLFHDU [CQ LWK
XDHZ Z[EG LHFJ UH ZD VHT KS[EG LHFJD U RLFD GFQUGQ COC OJ HSLC OUHWD DHLJG Z[ GUQG
CL DJ PL[HUL
HN[ FJ LHOG KD ]H RLLEHTD [LCQ ]LD LHFLJ UU
OCUQL [O ZLIQ H[NQ RQJS D[Q CD[ GLSLQ CUD HGLLSLD CNLC ZILS HLFZG "HGLLSLD LCQ
FHDU LFLQ GULZWQ VHEG ]HFZ LWO H[NQD COC >HD HSZTU@ HLFZGD ZW]TS CO HGQ
HFZG UHNO PHZQ ONQH ZWTG OONDH [NQN CLG L[G GC[S PLQF ]HFZH@ FZG HFZG LCFHH
PHQ GF DUD TH] U >RQZOFN HGDC [F G[IEQ KUHQ [DFD RHLFW ML[Y RLSUO HFZ
FO VF
GLO ZLTQF CHG LIHIH CHG DHJ OUD [QCF CLG OCUQL [ LSQ ZISG ]UN R]HS ZLIQ JD
OU CHG RHFLSG [CHDQ TH]QH L[Q HQKLWN RSLZTU LCQD CNGH CLG CDLZU LD[ GOHN
V]H CHG RHLN HD GNHI ZILSG PE CDLZU [OH ZLIQO MLL CHG OCUQL [O HD GNHI LQ JDG
JLDQ V]H RLFQ TH]G HSFH ]HCYHG CLYHGH ZLIQG HQKLW HC HLOCQ JDHG PC LHO] GID COC [HD
DLYSG LHFJD UH V]HQG TNSG ]C
LFN GH [HG RLCN HWHEQ ZIS LYJ ]LLDE OU RHFLSG [WQ GC[S DLI RHQQ LZIS PDQ[GQ POHCH
HQKLW PC H[QCH HZOLJ CDLZU [OH JDG FESN HZIS LYJ ZILSG GDHE PCG JDHG MN [JCH HDHLJ
KOJHG RLFD GFQUG ]UQ CLG GSHHNG [HG KOJHG LW OU VC JDGQ GDHE ZILSG RLC ZLIQG
KOJHG G]U Z[ OUHWDH [JCQ PFHZG RH[]LG OHKLO HO RLC ODC U[WQO
LWO PO]Q [QHON ZISG ]U [JC PLNOHG OCUQL [O ZLIQG JND H[QC GQQ GI H[LWO@
>POO DLLJ [HG FDC PC HOLWC PLSHC[G ]KLN RCNQ [CHDQ ]JW HLNU PEG IC O HLQF
DLI RHQQ LZIS OG JQ [HC DT ZJYL [NI
U OLZ GNZ LCGH OLZ GQJH PL[UH GCQ LCG GFHGL LD[ RLD [LCQ LD[ RLD LFNQ
GOHON GSLC C[ZLUQ HC RLQHO] RLFN CHG ZILSO ]NLL GODSG ]HLG PC PLSH[JCG ][LZJ CL OLUO
GLG RLQHO]N GSLDJS PC LN LSG FYG LWN RCNQ JLNHG P RLHYQH CN CJ PL LZLWC [WTDH ZISD
DY