LWU
[UQ DHLJ ]HOJ MLL RLC FZG OU L[GH FZG ]QGD CLG RHLN [UQ D H L J D MLL RD[ZG
EDT UUH DHS EJ [IULJC
DIN CHIJD D]N RNH EGL[NH PLOZ PLFZD FLQUGO M[HY RLC RNC CSZTQG LWO P FFLY FHU
JT JSQ J G[UG FNZ LL ]LD P CHIJD U CLEHTD QHQG OU FHU
H]HC RLLFZQ ODC GHFZO GHFZQ P]HC RLSQ RLC ]LDG ZFD LFZ FJCH JDIQ LFZ FJC
GCSG ]DHK ]HNI H[DJO ]HSZGO OHNL PFC RLC ]H[DHTG ]HUF RSL H]HC RLQL[JQH LHOLU FZG
]HUO QQ GD RLC HI ]HNI > RHQQ GSLC GCSG ]DHK [QHCG ]UFO WNU@ PLQLHTQ PL[DFD HO L
PHZQ ONQH [HKLUG ]UFD EHQ EJ LHOG ]LD FZT HU[ QGL]S CZT E[ DZT HU[ RJG ]HYZ U GCSZG GD
LQF FZGO LFZQG DLLJ]QH LHOLU FZG D ]LDG ZFDO JDIQ LFZ LFZGO [WC RCN [CHDQ
PLH[LW GQN H[QCS [DFG PUKD PLFZ P]HCD HO L GCSG ]DHK
LH G FHL DJ KL[GQ ]H LWU FZGQ PLSLSZ FHQOO RLCH DH]NG ][IEQ OJ FZGG D]N LQ L
OLUHQ RNOH HLQFD DLLJ]Q CLG DH]NG ][IE COC [DFG VHED OJ HSLC LHOLU FZG PSQC PL[WQ
[IULJC KL[GQ LWU DFQ JHC FTJ ]H[H]H CQ JHC PL[WC ]LD LWU GCSG ]DHK LQF DLLJ]GO GI FZG
DO G[HQ] L[U PLC[HQCGQ ZOJ ]UFO RSD[FQ Z[ OJ LHOLU FZG ]HUF LH EN QHJ DCHL ]ZOJ GC EJ
VHED GSLCH ]LSHYLJ ]HNI CLG GCSG ]DHKD TWH] HSLC GNLQ RHEN RLSZ GUQ CZHF PL[QHC LH
EZT CO] JTW OGO GJL]WD PLLJ [HZQ LWU GCSG ]DHK OU VC OLUHQ [HDLFD OJG FZG ODC XWJG
KOZ QU KL M[N GCSG ]DHK M[U ]LFHQO] YSCD IN CDHQ
FS VF
DL G[ JT ]D LDE GF HO ]HN[DDH RCN
L[ ]KL HGSLS RSD[F LSG "ROSQ CQOUD RLSLQ LSH
GF GN ]HDH]N LSC GFH HOLWC GF CW ]HQDL CS] GF E GYLD CUT HK UH MH]Q GF EL P CSQ GF
G[DH RCN
TH]G JLNHGO HNL[CG RNH H RLOHJ KT P > TH]G RHOD UH@ LSWQ GF E RLHFZ JN P ]LUDLCH
JS IUDH EN ]HNQDH KW QDDH HS GN ]HDH]NDH CW ]HQDLDH F GYLDDH DO RLDH[LUD NNH IH RLOHJDH JS IUDH DL
G[H]G RQ ]H[UQH ]HQH[]D PLDLLJ PSLC [GYLH H[L] REF FDOQ PLSLQG [C ON EU PLJDIDH DUT
RSD[FQ COC
G[H]GQ ]H[LW [CD ]EGHS GQH[] [DTH HD [IJ FDC[G CLH@ KC [UQ FDC[G ]KL CLG RNH
J[WH [H]WN [WTD HQD CDHQN [GYLH H[L] REF ]QH[]D Z[ GONHCG [IO G]LQ DHLJ RLC COC
L[G [QCQD FDC[G ]KLD GDJ[GD GC[H FCUZ GJH EUZ CJ LHOG KD ]H[UQ L[ GQO ]NCOQH T[ U EWT
>JS] ]DK RLUQG XDHZ OYI OCHSQU
RDQ[GH CC ]H[UQ [G ]UF RNH
DL G[D CDKL[GH
[]HL HOZG ]HZ[LD ]H[LW [CO ]HZ[L RLD ZHOLJ L LQOH[LG LWU TH]G HD]N PHZQ ONQH
L PEH ]H[LW [CO MQT HS]S PN PLDH]NG RQ ]HZ[L [UQ HNLQTG CO MNOH PLQLHTQ PL[DFD
PL[HKW ]HZ[L HOLCH E]D PGD PLDLLJ ]H[LW [CD ODDH PL[YQH DCHQH RHQUD CSLFO ZHOLJ
FHUH I RLOHJDH RCN TH]U PHONQ
ENI ]LULD CHIJG CLDG [CN DNFL PL[DF G[H]O HH[LWD
KQZ
]UF VTHL
LFLQO] HD]N RNH RQH RLL HUL FU G[H]G RQ PLDLLJ PSLC PLDSUH PL]LI HOLWC RDQ[G D]NH
PLFQHU P]TD Z[ GI MC GOJF EWT LQOH[LG PD HCLDG RNH ON GF JW ]HN[D L[ PD GSHL HSD[
RLL PGQ ]HUO [WC LSWQ G[H]G RQ PLDLLJ PG ]HQN PONCO DJ PC ODC RQH RLL ]HUO
VCH PLSHC[D UH RDQ[GQ JW QD ZQKD CDHQ RN PG [GYLH H[L] OONDH P[KWO MLL RLCH RQH
PFHZ P[H]G RLFN >PLDSU OU@ PLDSU CSLFQ L[WGO R]LS RDQ[G L[DFD [CHDQ RLLO PLFQHUN
PL]LIDH GNCOQ [QE PFHZ PH[]O RLC GOLJ]NOH@ DGY JSQ P L[]D UUH FNI ]LULD CHIJ LWU GNCOQ [QE
RLLO PLFQHUN PLDSU OU PLDSUD GGH PLDSU OU RLLD KLG ]HQH[] PDQ[U PH[]LH [HIJL FDULFD HOLWC H[IE PLDSUH
G ]HQH[] GSHQC M[F U PH[]OH [HIJO ML[Y RLC PLSH[JC HD]N G[GK RLC GIG RQID POHCH FNCL LCQF CHIJU
> ELI QH] ]HNOG [HYLZ U [DFD HZW]TS LH EQDQI QH] X[C LKWQ K[ I[ ZT
QDD ZQKDH CDKL[D FDC[G PD CDHQ RN
G[H]G RQ [UQD PLDLLJ PLSLQG ]UD ON [QHC LQ LH
HKZS DUZ JHC JDH LDUH@ DGY MHSLJ ]JSQ ]HEGG OUD FDC[G HGI RLC CQ HC HD [IJ FDC[G [WCH KW
ZJYL [NI GG CJ [IULJC G ]HC P RHLYG [U UUH C[DH CD[D CDHQG FDC[G CHG ]HEGG OUD FDC[G ]HKWD
CHIJ U
PLZTHWG [C ]UF RN RLCH >HN
CQHL FTHLD CDHQD UUH DO[ CJ FHLH IWZ CJ JHC QEC HO DJ
CC ]H[UQ
]HQH[]D PLDLLJ ]H[LWG ON GC[S KC [UQ P QOQH QTNDH HCD ]HQH[] PDQ[G L[DFQ POHCH
PDQ[GO VC PL[WQ HD]N RLOD] RNH@ PGL[DFQ COC PSLC ]HZ[L FDOQ G[H]G RQ ]H[UQH
>FQ PLJTWDN RSD[FQ COC HSLC
[D CDHQD U [UQ ON CLH@ LS [UQ RLSUO DUZ UQ PLC[L XLQQ C[H HOZ GU EQTG ]UFH
]HLEHT GQNQ HI GKL OU HZG PLSH[JCGH G[H]G RQ CHG Z[LD HOLWC >OIN NH]O PH[LWD FDC[DH
KD CD ]HQH[] JQ [HC GNI ]LULD LC RHIJ HK G[ RDC L[HK DLC LS [UQ QOQ U [DFD HS]SH HCSH
GFEQZ EJ GQO ]JSQ ECUZ GJ LHOG
PGLOU OJ ]H[LW [C O ]H[UQH ]HQH[]D G[H]G RQ D H L J RLC LWUC [QHO HFFLY LH
CHIJ UUH ]H[UQ L[ HCL[OLT [ P DH]N D FDC[G PD EW J[WH [H]WN LWU G[H]G RQ GQH[] P
HI GKLO RLNHQLT GU JQ[HCGH GCUZ GJH EUZ CJ LHOG KD ^C[DTQ MN OU GZG` GNI ]LULD
DLLJ RLC PLZTHWG DH[N PLKZHS HSC GC[S JNZTD UH GNI ]LULD LC RHIJD D]N GNOG RLSUOH
FDOD [GYLH H[L] REF COC G[H]G RQ
UL[NGO HSLFLD RLC D]N CIZ] DGY MHSLJ ]JSQDH PDQ[G ]UF Z[ ]CDHQ ELCO FHL UHD RLLYO L
POHUG ]HDC ]ZHOJQD
L[ HCLOL[LT [GQ I[ E[ KYZ EJ XD] U C[QEG ]HLEHTQ CLDGO L ]HJNHGDH PLSHC[G ]HKLD QHQ FHU
]H CD ]HQH[] JQ [HC DL GO[U ]H[UQ L[ GNENI ]LULD LC RHIJ DLC LS [UQ MOQG [U ]H[UQ
HK G[ OC[L [HCQ UF]H GF FHO CJ TLESD [I[EG LHFJ UUH CUZ GJH EUZ CJ LHOG KD
PDHLJ L[G ROLCG ]H[LW OU RCN [DHFQ RLC J[NGD COG CLEHTD [CHDQGQ PDQ[G ]KLO RLLUO LH
PG PDQ[G ]UFO COG PLU[IH ]HLSKZ Z[L RHEN RSD[FQ PG PLSLQG [C HOLCH H]UFO C]L[HCFQ
H[L] HSCDG [QHJH OZ H]HCQ COG ROSQ CQOUD RLSLQ LSH GZQ GQ RN PCH GID GI PLCON
UU FLC PLCON CHIJ LWU RHLU ML[YH PLCD PG REFH
PLCON PSLC KZS RCN HLHFJD DLYSG POHCH PDQ[G ]UFO GID GI PLCON ]HZ[L LSLQ LS H]KL LWO G[HQC H]LHZ
CLEHTG POHC GF CD ]HQH[] JQ [HCD UUH ]HZ[L LSLQ LSD C[QEG [WH
SZ
FS VF ]H[HND
PUK GQ RSD[FQ PG PLSLQ [CH [QHC HOLCNH GDH]H GOC RHSETD [[DO COC ]HZGO C[QEG ]SHHN RLC OL LOHCH
PHQ GZ CO GI COD PE LWUC L]QCG PUKG [QCH C]L[HCF RLUN RSD[ RHZ]F ON LN HSLQ HSLC OU RLQQ RLQ[H] RLC
[QHJH OZ Q HCLDGO L
FY PLJDID RLHYQD U
CLGGQ CD[ GLD [FG DU
VH[LYG UYQCD R[UQH CLDQ UYQCD HO HLG GUH[ GQGD OE[ COQN V[KYQ GQGD [UQ
[UQ DHLJ RGLOU OJ HIO HI ]HDH[Z ]HQGDG [CN GQGD [UQ DHLJ ]HOJ RLSUO CHG RCN [DHFQG
HDLLJ]S FJC PHZQO ZJ[QQ HYDZ]S PCH [UO LFN RCLDGO DLLJ HSLC ]HZJH[Q RG [CN
R[HEG ]UD HOCQ HOC ]HZHJ[ RG LWUC HDLLJ]S [DN ]JC PUW HW[KYS PC GC[SH@ [UQD
>[JC R[HEO RL]QGO ]HDLLJ ]H[CSG R[LUH PGQ [U GSQH ]HQGD HK HO HLGN L[GH
UYQCD R[UQH CLDQ HS HQN R[UOH FJC PHZQO RCLDGO DLLJ [UQ DHLJO ]HW[KYQ [CNH
DI PL[HCDH PLHFJ UUH FEIN LC RHIJ LWU RCLDGO DLLJ
GUQ RLSUO COH DHLJG ]HOJ RLSUO HSLLG [QCZ QQ CLDQ CO UYQCD R[UQH CLDQ LS]ZF LCGH L[ D]N GQ C
QJH RCNQ QJ L RWHCD [WO [WC HC DU[G RHON CZHF HCO U Y Q C O R]CDG OU H]SHHN PE [WCH [UQG
PLSHYLZGQ QJ PU PLUYQCG QJ XDZQ COC CZHF ROHN ]C CLDGO DLLJ HSLC D[ FLQUG HQN UYQCD QJH RCNQ
GIN CHIJ U [JC R[HEO RQU RL]QGO ML[YH RQHZQD ]H[CS PL[]HSG QJGH
HLG HOLWC GC[SH PLFQHU HC PLYHD[ PCSQ JS ROGO HSLS HQN [UQG OJ FJC PHZQD RSLCN R[LUH RCSQ PC D
HKI PL[HCDH PLHFJ [UQG OJ DHLJO ]JC GU HW[KYS RHLN [UQG ]UD OLQ IKQ []HL IQI ]HZJH[Q
ONHL IKG UYQCD CYQS CHGN GUH[F CSLU GLD CKO CZ OLQ [T]LF RSD[O HGO PLZH
>GW EJ JHC QECD CDHG@ OC[L ][CW] [HLQ X[CD RCNOH RCNO JLEGO
HOC PLW[KYQ UYQCD ]HQGD LN MNOH FY ONO OLQ IK HSLU ]KOH GC[S GS PH[E HSD[ RHOQ [LUGO L
RCNQH RCNQ HOC OU KOH CHGH PO CHDO LHU GUH[G LN PLFFYD
GS VF
RLW[KYQ RLC L[HQSH [QS O RHEN ]HCOLKDC LSD HC MOLCH MOLC RF[LG L[DU LSD HO HLG
PC OHJ GSLC RF[LG [DU X[C RCNQ JLNHGO D]N LQ L X[CH X[CO GYHJ [QHO ML[Y RLCH
PSQC CHG X[CH X[CO GYHJ OOND RF[LG L[DU LS COGH X[CH X[CO GYHJ [QHO ML[Y RLC HGQ RN
R[U FZ]S ]HHFZ ]YZQO LN OHJN L[QEO HSLC LCFH OHJN HSLF RF[LG [DU PC PE [QHO L
DN PL[FSD
[QHON ]HCOLKDC LS [QC GQ OU LCZ [QHO ML[Y RLC LN C[ZLUQ GLC[G ]C ]HJFO L POHCH
UU FHF FL LWU X[CO GYHJH X[C [QHO ML[Y RLCH PLFL[WQ ]JC X[CD ]HIHJQ LS
HSLC RF[LG [DU ]HQHZQ GQNQ JLNHGH KZS DOZT UUH GNE ]LULD FIN ]H[HND LC RHIJ [WTD
GKQO@ RF[LG ]C HCU DH]NG COC [DF ONO G[H]G RQ CHG OC[L X[C OONQH ][JC X[C
[DHTG [LCQ LD[ L[DFO GQGD [UQO HL[DU LS RLD ZLTWQ CHG COLQQH HQYU LSWD OHDEO >HJL[LQ
CSZ