close

Вход

Забыли?

вход по аккаунту

?

The Week UK - 17 March 2018

код для вставкиСкачать
 # $ #
" C : K : G @ C D L > C < AN J C 9 : G H D A 9 H > C 8 : & . ' *
Djg Xdbb^ibZci id kVajZ bZVch i]Vi lZ bViX] i]Z eg^XZh d[ ]^\] higZZi XdbeZi^idgh i]^h ZmXajYZh dca^cZ"dcan dg bV^a dgYZg Wjh^cZhhZh# HZgk^XZ XdcY^i^dch bjhi WZ XdbeVgVWaZ# HZZ djg ºCZkZg @cdl^c\an JcYZghdaY» aZVåZi ^c djg h]deh
dg dca^cZ [dg YZiV^ah# EgdYjXih VkV^aVWaZ dca^cZ VcY ^c hidgZ l]^ahi hidX`h aVhi# 9^hig^Wji^dc XVc kVgn eZg hidgZ eZg ^iZb# Eg^XZ XdggZXi Vi i^bZ d[ \d^c\ id egZhh#
'& * ) ) # &$!
& #$ ) $ $&
$ & '$ &$!
)& &#$ (#
&# ('!
"# & # (#*!
)"# & * $!
'& & &# $
'# ##!
$ *'# ($#
# &$ # ($& #$!
$ )& ($& *'# & $ & #$! $& ## $ & # &# '&'# #$'&$!
" ! !
$ ! ! $
0=5$)! =, ;* =66$
"56 A ))*=) 65$6 *
5;'$;*5A (6=56 !$)6; =66$ *)
)6A ;5 *6*? $!)*5 "5
'$) ;* @,'$) "*? *>$;#5 )5>
!); ( ;* =6 !$)6; =66$)
*5(5 *=' !); ) "$6 =!";5 $)
'$6=5A '6; ?&/ @,5;6 '$> 5!$
) ='$ &5$,' ?"* 5($) 5$;$''A $''
?5 ,*$6*) ?$;" *>$"*& ) >)
?,*) >'*, A ;" =66$) ($'$;5A
=5$)! ;" *' 5/ A ;*' 6 ;";
*)'A ;?* *)'=6$*)6 *=' 5?) 5*(
;"; $;"5 *6*? 6,*)6*5 $5;
;;& *) ;" *5 $; "6 '*6; *);5*' * $;6
"($' ?,*)6 6;*&6/
'$($5 =;$) (A *5 (A )*; ,56*)''A '$)& ;* ;"
'$6=5A ,*$6*)$)! 6$ " $(6/ =; " 5;$)'A "6 25*5 6 65$' >$*';*5 * $,'*(;$
)*5(6 ) $);5);$*)' '?63/ $6 5!$(
5$!6 ';$*)6 *))$>6 $) ;" (=55 *
%*=5)'$6;6 ) 2=)$';5''A ';56 ;"
*=)5$6 * =5*, A *53/ * $;
?*=' 0=$; ,' * ;"$6 ';6; ;/
=66$ 6(6 ;* 2;$)! >5 (*5 '$&
5*!= 6;;3 6$ ;" / ; ?$'' "> )
2(*')3 A ;" 46 ' 5;$*)
;* ;" <BB9 &$''$)! * '@)5 $;>$))&*
?$;" 5$*;$> ,*'*)$=(/ A $6 ,5;'A
;* '( *5 ;"; 6 "*( 65;5A 6"
'A ,='$ $)0=$5A $);* $;>$))&*46
(=55 *5 A567 $; *)'A 5,*5; $) <B+9/
*5$!) 5;5A *5$6 *")6*) 6$ ;" ,*$6*)$)! (5& ;"
$56; * )6$> =6 * )5> !); $) =5*, 6$) ;" *)
*5' 5 ) ,5*($6 2*(()6=5; =; 5*=6;3
56,*)6/ =5*,) ''$6 @,566 6*'$5$;A ?$;" ;" 6 $ (5$46 *=;!*$)! 5;5A * ;; @ $''56*)/
=; =66$ ?"$" $6 = ;* "*' $;6 ,56$);$' ';$*) *)
=)A )$ )A 5*' $) ;" ,*$6*)$)! ) =6 ;"
* ?"$,,$)! =, );$#=66$ "A6;5$ - ./
A "6)4; ($) "5 ?*56 *=; ;"$6 ,*$6*)$)! ;"*=!"
6$ " $'A '!5,"/ 2* =6 ;" =66$) 6;; *
=)'? =' =6 * *5 !$)6; ;" =6$)! "($' ?,*)6
$6 *=; 6 65$*=6 ) =6;$*) 6 ) '>'' 6"*5; * '5;$*) * ?5/3 ; =,6 ;" ); *)6$5'A ,=;;$)! ;"
2*) *=56 *5 ?"; $6 ,*66$'A $;6 $!!6; *5$!) ,*'$A
5$6$6 6$) ;" '&')63/ 2A ) ) (=6; 6;) =, ;*
=66$46 =''A$)! 5!$(3 6$ " =5$)/ 2" (=6; "*,
;"; ;" 46 =5*,) ''$6 5 ($) ;* 6;) ?$;" "5/3
5=(,46 *5) !($;
) 6;5;'$)! ,*'$A 5>56' *)'
5=(, ))*=) '6; ?& ;"; " "
,; ) $)>$;;$*) ;* 6=(($; (;$)!
?$;" $( *)! ) ;" $56; ;?) ,56$); ) *5;" *5) '5/
;5 (*);"6 * ;5$)! $)6=';6 ?$;" $(
;" ,56$); 6$ " ?6 )*? 5A ;*
6;5; #;*# )!*;$;$*)6 A ;"
) * A/ " $)>$;;$*) 5*( $(
'$>5 A *=;" *5) * $$'6
6=!!6; ;"; A*)!A)! (A ?$''$)!
;* 65, $;6 )='5 ?,*)6 ,5*!5((
) 6=6,) $;6 ($66$' ;6;6/
"$6 $6 2>5A ?'*(3 )?6 6$ ;" / " 6';$)! ?5
* ?*56 ;?) ;?* >*';$' '56 ?6 $) 5' )!5 *
;$,,$)! *>5 $);* 5( ,*66$'A )='5
*) '$;/ " ")6 * '6;$)! ,; (A 6'$( *5;" *5 $6 )*;*5$*=6 *5 5"$)!
!5();6 =; $; $6 2!** ;* 6 $,'*(A
$)! !$>) ")3/ $>) 5=(,46
=),5$;$'$;A ) $(46 5*5 * $;
2*6 * 6,;$$6(3 *=; ?"; ;'&6
($!"; "$> $6 $) *55 6$ " $(6/
") !$) $(46 ")! * "5; *='
2*5) * $6*';$*) ) ?&)663 ;"
6);$*)6 $(,*6 *) "$6 5!$( 5 "=5;$)!
) " $6 ?*55$ *=; $6*);); $) ;"
5(A *) ?"*6 6=,,*5; " ,)6/
=; ;" "$; *=6 '(*6; $(($;'A *) =6 ;"
,*6$;$*) ?") $; 56;; (5$46 ,5>$*=6 5 =6' ;*
!$) ;'&6 =);$' A*)!A)! ;**& 2*)5; ;$*)63
;*?56 )='5$6;$*)/ 5=(, "$(6' 6; *=;6 *) ;"
,5*66 ; ,='$) 5''A/ 2"* &)*?6 ?";46 !*$)! ;*
",,)13 " 6&/ 2 (A '> 6; *5 ? (A 6$; *?)
) (& ;" !5;6; ' *5 ;" ?*5'/3
4 90%.4 ## .0 /'% $!00!'%0
/ 4 4 !/ #'904 0!% (&<
'/!% 4' %9 /)'/4
)7#!0 : /'% /!+ 6
$!00!'%0 8 %'9 ##% '/
!8 '%074!8 :/0+ : ##
6+2* !% 6<(1 % / '9% 5*
0!% (&&< '% ' 4 0404
/40 ' #!% ' %:
8#') '7%4/:+ %#:040
0: 4 /') !0 #/#: '9% 4'
7 /74!'% !% 4 70 '
'#+ '# 7/%!% '7%4
'/ #00 4 % 1* ' 4 .0
)'9/ %/4!'% #04 :/
'9% /'$ <* !% 6<(6+
;46 )$ =' ;* '$> $( ?$'' !$> =, "$6 )='5 56)'
6$ ;" =5$)/ * "$( )='5$6;$*) 6$(,'A ()6 ;"
5(*>' * ?,*)6 5*( ;" 5!$*)/ =; " "6 (=" ;*
!$) A (;$)! 5=(, *) 0=' ;5(6 $; ?$'' "=!'A **6; "$6
,56;$! ; "*(/ ";46 ?"A 2(*5 @,5$) ,*,'3 $)
;" "$; *=6 5 5*?$)! &/ " )!5 ;"*=!" $6 ;";
A 5$)$)! $) 5=(, ;"A (A 6=,,5 )A ") * $'*!=/
) /" *-/-* * )-
- -- /
) - -
/)3 1 *
&0 '%
0 -
#"-/) -$ !
/- * -)3 ")") 0 )
)*- /"
1- *" * /- *" 1- " - - 2 - - *- % - )* 1- 0 1 "/"* - )- 1- --
" ) -) -) )- 0 1 * 1 1 ")4 - * /*/(* * -/) "-- % - * )* /* - /-/) .5 /-* 1 -3 1 *
- ,!5 " 1- - ") -* - )-3%
/80 ' & /%4!%
0'#!/0 "!## !% 4 #"#%0
/ / !%##: !% %$
4 %"0 4' 4 '/40 '
$)!%/0 !% '4 '7%4/!0+
'%'% % 7%'0 !/0
/ 4 4 4 /$!%0 '7#
404 !% 6<(2+ '98/ 4 !%4!!4!'% )/'00 90 '%#:
$ )'00!# 70 ' 4 '/40 ' /!4!0 '!/
'/: /';' 9 ' !% (&6
/7##: 7/! 4 /%4!%
9!4 4 !/ 40 %
#' ## 4 4!#0+ , $
% /$: '!/ $ 0'#!/
74 '/ 8/:4 !% #0 $ 7$% !%- 0!+
# # ## # '#
E :>9(*(-% * > /:/C C8++ /+:>9 A>(-8: 5,1(%- >&, >&> >& :> (: /A> >/ 7%>8
A::(6 :( /,(-( C:/- (- & A-E (,:2 A> C /A+ &9+E +> >&(: >>* %/
A--:C92 (1+/,>( D1A+:(/-: 9 ++ "/9 ! /:/C 9>(-+E 5&B +::
(-:/A(->+E6 (- /-/- ">9 C )> 0G# /" (>: :1(: (- 0.<0 ! A> >>9 "/9, /"
9>+(>(/- C/A+ >/ >9%> >& ': ::>: /" A::(8: /99A1> +(>2 &- >& 9,+(-'
+(-* +CE9 >+( :+-(>:*E & &9 -/C'-/>/9(/A: ,>(-% C(>& /-+ 9A,1 9
"/9 >& +>(/- >& /-+E >&(-% :& ,- /" "A>A9 9A,1 19:(-E C: >&> (>
- >& %-(>:*E :->(/-: C&(& ++/C >& >/ :A)> "/9(%- /""((+: (-B/+B (- &A,9(%&>: A:: - /99A1>(/- >/ ::> "9F: - B(: -:2 :&/A+ ,A+> >&/: :->(/-:2
& 9>+(>/9E ,:A9:
--/A- E E (-+A
>& D1A+:(/- /" @? A::((1+/,>:; >& "9F(-% /"
A::(- :>> ::>: C&9
>&9 (: B(- >&E ,E
A: >/ >&9>- >& +("
/9 19/19>E /" 9:(->:;
- /E/>> E ,(-(:>9:
- /E+: /" >& (" /9+
A1 (- A::( +>9 >&(: E92
5B(%/9/A:6 9:1/-: E >& (: C99-> :( /-E 9->/- "/9,9 ,::/9
>/ A::( (- & A9(-2 > C ,A:> -/> A9- /A9 9(%: C(>& >& 9,+(- ->(9+E2
&- >&(: 9/C +/C: /B9 A::( C(++ :>(++ 5 ,)/9 -A+9 1/C9 9A(+ >/ >*+(-%
(->9->(/-+ 19/+,: :A& : E9( 9- 9,: /->9/+ :+,(:> >99/9(:, - E9:A9(>E62
A9 +/-%'>9, (->9:>: C(++ 5>>9 %A9-> >&9/A%& //19>(/- >&- /-"9/->>(/-62
A> C8B >9( //19>(/- - (> &: %/> A: -/C&9 :( +(B9 A++/A%& (- & :9B92
- @G0G B( ,9/- B(:(> /:/C >/ 59:> 9+>(/-:6 ,(99/9(-% >& 119/& /"
9* ,2 5&E +(B >&> (" >&E )A:> >9A:> A>(- & C/A+ 19/B >9A:>C/9>&E26
- C&> &11-4 - @G0$ A>(- 5--D 9(, - :-> &(: (,1+A:(+E -(+
19/D(: (->/ :>9- *9(- C&9 >&E :&/> /C- (B(+(- (9+(-9 *(++(-% @. 1/1+62 &
: "> (: >&> A>(- +(B: 5,(:&(" - ,E&, C/9* >>9 "/9 A::(6 >&- //19>(/C(>& >& :> :( /9> 9B( (- & 1>>/92 , >/ >&> B(C %/ ">9
& /,,/> ,9(8: C(:& "/9 - F*(:>- : "/9 (>: "%&- C9 /-+E >/ "(- >&>
/9% 2 A:& /->(-A >/ 9(>((: &(: 9A>+ C9 (- &&-E2 A>(- ( >&- >&> >&
:> C/A+ -B9 1> &(: 9%(, - >&> 5(" A::( C-> 9:1> (> & >/ "962
/+( 9 (-B:>(%>(-% >&
>& (- /-/- /" -/>&9
A::(- D(+ (*/+(
+A:&*/B C&/: /E C:
"/A- >&(: C* 91/9>+E
C(>& 5:>9-%A+>(/-6 ,9*:2
+A:&*/B C: +/: "9(-
/" >& +> /+(%9& - A>(9(>( /9(: 9F/B:*E2
& /B9-,-> /1- (-3A(9E >&(: C* (->/ ++%
+(-*: >C- A::( - A1
>/ 0$ />&9 >&: (- >& /B9 >& 1:> >C/ :2
# # ## # '#
/9>& /9 /A+ 5,* ,/-*E6 /A> /" 9A,1 :( :19 *9 (- & A9(-2 9(:*: +%(>(,(:(-% /- /" >& C/9+8: ,/:> 11++(-% 9%(,:2 -E + C/A+ &B >/ (-B/+B >&
9,/B+ /" (,8: -A+9 C1/-: - /" &(: (+(>E >/ 91+ >&,; %(B- /9>& /98: +/-%
&(:>/9E /" A1+((>E (>8: &9 >/ : &/C >&> /A+ B9("(2 E/-%E-% C/A+ :(,1+E 1>
59(:6 /" "// - ,/-E C&(+ :9>+E :>>(-% A1 -/>&9 -A+9 19/%9,, )A:> : (> (
A-9 >& %9 9,C/9* /" >& +(->/- 92 - >& /->99E :( / (+9A-- (& 1>>/9 9A,1 &: , >& :, :/9> /" A-D1> A-/9>&//D %,(> >&> /-+
%- ! +:/ (:,(:: : A""//- ! ,1+/E >/ - >& /+ 92 ,E +//*(-% > 5%9- 9%(-6 (- C&(& >& /9>& %(B: A1 (>: -A+9 9:-+ - >9//1: C(>&9C "9/,
/A>& /92 9A,1 ,(%&> B- 5:&/C A1 (- :+/6 -D> E9 >/ /++> >& /+ 9(F2
,9( C(++ %/ & C(>&
)/(-> ,(+(>9E D9(:: C(>&
/A>& /9 :&A+ "/9
-D> ,/->& C(>& (,8:
119-> +::(-%2 >& 1:> E/-%E-% &:
-/A- :A& D9(::
: 519/B/>(B6 A> :
19> /" (>: 1 /""9 (> &:
C(B -E /)>(/-:2 C91+-: C(++ 91/9>+E
9&9: 51(>>(/:>9(*6 /- (,2
&(: /A+ 9A,18: (D/-'(-'&(- ,/,-> %9 ,(+ -9+(-( (- >& 2 - &(-
(: (- "> C&> (>8: ++ /A>2 & /9>& /9-: "+ 1 9:->,-> > &B(-% >/ 9+E >/>++E
/- ()(-% "/9 "// - "A+ ! :/ C&(+ (, (: A-+(*+E >/ 9+(-3A(:& ++ &(: >/,( ,(>(/-:
& ,(%&> E> :>9(* ,/,->/A: + C(>& >& 2 9A,18: :> :>9>%E :( (, (-C// /1 C/A+ >/ /""9 E/-%E-% +/-% >(, "9, C(>& :> -A,9 /" C1/-: (-%
(:,->+ B9E "C E9:2 &> C/A+ ++/C />& :(: >/ +(, >&E8B -%/>(> :A::"A++E2
5(:>/9E (: :/,>(,: , (- :A- A-D1> A9:>:6 >&(: /- /A+ : 5>& ,>A9
9A,1 - >& ,>A9 (,6 "(-++E -(-% >& /9- /-"+(>2 8, ++ "/9 -%/>(>(/-: (19(-(1+ :( (&/+: 9(:>/" (- & C /9* (,:2 A> 9A,1 )A,1 /- (,8: /""9
C(>&/A> B- /-:A+>(-% :-(/9 (:2 :A,,(> :&/A+ 599/> > >& - /" >& 19/::6
">9 ::/- (1+/,>: &B 1919 >& %9/A-2 -:> 9A,1 :,: >/ &-(-% (,
C&> & &: +CE: C-> ! ,>(-% C(>& +9 /- 3A+ >9,: ! 59(%&> /"" >& >62
-&8-+2 /&82 >)7 8;+%-""82 -7 @(8 + @(8 ;$ "->8 -"
;$ +@8 $8 + -+ 7-@8 -?7 >8;-*8 77&78 + ;7 7#>)%
;&-+82 - &; -*8 8 $># 7)&" ;- $? ;@- *&+ 8;-7&8 ;$; 7
-?7;)B 4/-)&;&)5 +-; "7* B -+-*& -**+;;-78 );>7&+# >8 -+ @$;$7 ;$&8 -7 ;$; 8; -"
*&+&8;7;&? 77+#*+;8 &8 *-7 -+>&? ;- + &+78 &+ 2 $ 8+8 -" 7)&" &8 +- *&+-7
*;;7 &; 7?)8 8-*;$&+# /7-"->+ ;$&+( ->; ;$ )&+;&-+ -" ;$ -B /-)&;& "7-* #-?7+%
*+;2 &;&C+8 + ;- ") ;$B67 /7; -" ;$ /-)&;&) 8;-7B ! &+ /7;&>)7 ;- ") ;$; 7>)%*(&+# &8
-+ B /-/) ;$B6? );2 ; ;$ &8;&+;&? ";>7 -" ;$ *-7+ 7#>);-7B 8;; &8 ;$ @&%
8/7 )#;&-+ -" /-@78 ;- >+(+-@+ >+); /-)&B*(78 8&;;&+# -+ /-)&;&))B >++$-7
-78 ;7&>+)8 + -**&88&-+82 8 &; "-7 ;$&8 ;$; *&)B ?&8-+ ;$7@ $78)" >+7 ;$ $-783
$ ;++B "-7 *&+&8;7;&? >;$-7&;B ;- 7/) *-7;& >;$-7&;B &8 + &88> ;$; *7&+
8$-)78 >+)&( ->7 -@+ $? + #7//)&+# @&;$ "7-* ;$ .,;$ +;>7B -+2 $B ?+ &+?+; -;7&+ 0;$ 4+-+%)#;&-+5 -;7&+1 8&#+ ;- /7?+; )@*(78 $+&+# -/+ /-)&B 7*&;8
;- #+B -""&&)82 B &+ ;$ 7 -" #)-)&8;&-+ @ '>8; @-+6; ) ;- 7-+&) ->7 *-7;&
&)8 @&;$ ;$ *+#7&) +8 -" &+;7+;&-+) /&;)2 >; &" @ /78&8; &+ 8888&+# /-)&B ->;-*8
B A)>8&? 7"7+ ;- @$; ?-;78 + />; &+ ;$&7 8$-//&+# 8(;8 7;$7 ;$+ @$; ;$B + ")
/7-> -" -7 -++; ;- @ *B $? ;- 7-+&) ->78)?8 ;- /-/>)7 ">7B2 '"0 &'0
%
# )$$)$$$ %
##&%
# # ( %
#
# # ' :&(-%>/- (-:(9: :E
-E >+*: C(>& E/-%E-%
/A+ &(-9 E
9A,18: "(+A9 >/ 11/(->
-C ,::/9 >/ /A>&
/9 "/9 /B9 E9
- >& 9-> D/A: /"
+(-% /9- :1(+(:>:
"9/, >& >> 19>,->2
+$'# 7*B 67B
+$' 7-)&+ @
/,+- +$' $- &; %,+0 +$' 77B &-))
(((+#+ +$' +&) -$+ +0 +$' + @&8
$#+',+# +$'( $7&;B 7@ $-*8 -#(&+8-+
&*-+ &)8-+ - >$+ &))&* +7$&)) &#B
7%)* -* 7@-- +$'! (+ +->8$( ;&;
&##7 &#@)) &))&* (&)8(B -7# ;7 +,'
+$' +& >;;&+# '+ '+$' ;$)& -@)7 ,
+$' >7& >""7B '$,+$# +$' )++ 6-++))
$,#' # +$'! '+$' -)B-+ -++))
'$,+$# #' -+B 8#+& #$' '$,+$#
/,+- B &8;7B .(+' '+$' ?& 7(7
'+ ' +# '+$' & /--+7 #('+( - )
!(( +7B 8)-( +7B &("-7 ;+$
$,#+ '+$'( -;; B;7 -$+ &/(&88 -)B+
&;)%&+#$ $7&8 ;;78 +! '+$' -$+ 77B
-'+(# '+$' 7-)&+ ++7
/,+- '+$' $ -'+(# ?& (8
/,+- 7&+ 6-++-7
'$,% ) 7;; B+-)8
/,+- *8 B
##( ,!(# $,#' )&A ++&8
; 8>8&&7B -" ++&8 >)&8$&+# ;
<.%<= )"7 ) -+-+ . 92 ) D=D%< ,D < ,D2
$ ( ; =+ )--7 <= >+8@B -+-+
= <2 ) D=D%< ,D <9 92
7&#$>7 A>A73
+E-+ C>$&+# $&)&/ **-+ )&B7 $&8 /7&+# >>*+>
-+ A8E 4C&)) $B -87B >7+8-7* #A75 8&
)D 7A**7 &+ >$ &)E &)1 $ $+))-7 A
E-7 &+ >$ /8> A8 - $&8 $&>A) /88&*&8* /7-+-A+ $&*8) 4/-8&>&B)E &##7%)&(5 8 $ /7-)&*
A/#7 -78>8 -7 >$ -+-*E + /A)& ++81 $
-+-*& #7-C>$ /7-'>&-+8 7-* >$ &+/++> -7
A#> 8/-+8&&)&>E 7 4*-8>5 > .1"0 -7 @G. +
.1?0 -7 @G.,1 A> > )8> >$ -+-*E $8 78&8> >$
C&)E /7&> /-8>%77+A* 788&-+ + >$ -*+8
-7 >$ A>A7 7 #--1 */)-E*+> &8 8>&)) > $&8>-7&) $&#$1
+A>A7&+# $8 + --8> E >$ C( /-A+1 + >7
)-+# E78 - A#>7E &8&/)&+ >$ -B7+*+> &8 +))E
8>7>&+# >- /E &>8 CE1 -7 >$ 78> >&* 8&+ @GG@ &> &8
7A++&+# &)E 8A7/)A8 7&B&+# *-7 &+ >D8 >$+ &> 8/+81 4$> &+ &>8 -C+ CE &8 )+*7(
*-*+> #&B+ >$ =. ?+ ++A) &> >$> -7# 8-7+ &+$7&> 7-* -A7 &+ @G.G15
4- C$> +-C5 8( >>$C 6+-+ &+ $ A7&+1 4(8 + )3 )7>-7E
8/+&+# -++F35 )E +->1 8 **-+ /A> &> 7)&7 &+ >$ C( >$7 &8 4)&#$> > >$ +
- >$ >A++)5 A> A+-7>A+>)E 4C 7 8>&)) &+ >$ >A++)51 $ +>&-+) > 8>&)) 8>+8 >
=.1>7+ -7 ;0 - 1 67 +-C$7 +7 -A> - A8>7&>E E>1 B+ 8 >$ $+))-7 * $&8
8>>*+> .. *&))&-+ *&)&8 C7 -A> >- ) >$ /&+ - =@1 + A> &+ >$ +>8 A#>1 $
&8 &+# A+/7+> A#>7E /788A71 7$/8 B+ *-7 C-77E&+# 8& * -A)>-+
&+ $ A+E &*8 &8 >$ 8>> - )-) -A+&)81 -7&+# >- >$ )>8> >&-+) A&> #A78 )-) A>$-7&>&8 $B 8A7 48>##7&+#5 @1;0 A> &+ 7)%>7* 8/+&+# 8&+ @G.G
C$&) *+ -+ 87B&8 $8 &+78 8>&)E1 4$>B7 >$&7 /-)&>&) -)-A7 -A+&)8 7 $&>>&+#
>$ /+& A>>-+15 -7 -7>7 >$ -7E )7 - >$ -) -B7+*+> 88-&>&-+ >$&+(8 >$>
-A+&)8 4C&)) $B >- -+>&+A >- A> ( 87B&8 -7 8>-/ 8-* )>-#>$751
4)7)E 8-*>$&+# $8 #-+ )E C7-+#5 8& $ A7&+1 ( &+ @G.G >$ /A)&
/> >$ +88&>E - A8>7&>E1 A> &#$> E78 -+ C67 8>&)) +A7&+# 4>$ )-+#8> 82AF &+
)&B&+# 8>+78 8&+ >$ /-)-+& C7851 B7# 7+&+#8 7 !>)&+&+#1 + +D> E7 C$+
>$ -A+>7E &8 *+> >- *A8>7&+# &>8 78-A78 >- )B >$ #7-C>$ C&)) *8)E .1?01
A> 8A7)E >$>68 >$ -B77&&+# /-&+> $7 8& *&8$ &+ $ +/++>1 8$-A) 7)&B >$> >$ -B7+*+> $8 #-> -A7 +>&-+) ++8 4A+7 8-* 8-7> - -+>7-)51 > )8>
**-+ &8 48>7>&+# >- $B ++&) -/>&-+859 $ $8 $&+> >$> $ *E &+78 /A)& 8/+&+#
-* >$ A>A*+ A#>1 $>68 >$ 7) *88# - >$ /7&+# >>*+> 4 >$ -B7+*+> +8
>- 8/+ *-+E &> C&)) ) >- - 8- C$&$ &8 #-- >$&+# A8 &> )*-8> 7>&+)E C&))15
(4 102 : 1 "'
"41(2 4 "2 :1 1
.**: (6 :/, 14"%1 2" "4 8'4 4(
&$ (4 1"' 6':
&(1 .41'2'1
"'%62"7/, '8 "%
4 *1 2 .(&/
**1 (' )<+ ( 4 (4 102 : 12 %"'
4( 81'"'2 (64 4 &1"'"24"(' ( '%"2 ,
%4 (""%2 7
*1(*(2 4 4 ("
8(1$12 24(* "7"' 4 "1
(%%62 "14 : $2
' %14 8"4 11(4
24"$2 "'24, 6%" %4
'%' 2:2 4 4 4 41"4"(' ( 1"'"' 284
4142 "'4( 4 (" &: ('41"64"' 4( 4 (2"4:
1"2"2 ' 26242 8(1$12
4 "'$ ( %4 : %41'4"72,
' 12*('2 4( *6%"
$%2 "4 *("'4 (64 4 4
"4 82 #624 ' " .( ('
"2 41:"' 4( ' $2,/
.: 7$ @G.
(( 8$ (1
>7 *F-+ /7-*&8 >- &D )D68 7/E )A#$1
C+78 - >$ 8*7> 8/(78 $ -*/)&+ >$> >$&7 4B&7>A)
88&8>+>5 C8 8/-+>+-A8)E *&>>&+# 8&+&8>7 &+$A*+ ()1
-* )&* >- $B + C-(+ E &> A7&+# >$ +&#$> + >$B -A+ &> 8- A+8>>)&+# >$> >$E $ >- >A7+ >$&7 $-8 -1
>7 >$ >$7> - 87//&+# >$* A8
-+8A*78 8&*/)E -+6> A8 >$* +-A#$ C8 C&>$7C+1
-7&+# >- 78A7E -+8A)>>&-+ ;G0 - ./ + @/ -&+8
7 -+)E A8 &+ -+ >7+8>&-+ -7 &+# 8>8$ &+ '7 -7
>$7-C+ CE1 )8 >$ = G +-> C$&$ C8 )8- A+7 >$7> 8
&> &8 77)E A8 -7 47-A>&+5 /A7$88 -A) 8>&)) /$8 -A>1
8$ (1
+7 +$8>7 >7 &> C8 -A+ >- $B >$
$&#$8> -++>7>&-+ - *&7-/)8>&8 - +E -E - C>7 &+ >$
C-7)1 $ /7B&-A8 7-7 $-)7 C8 $ &+ -A>$ -71
>$ -->)) /A+&> + -7*7 &B7/--)
/)E7 C$- C8 8A8/+ E (E /-7>8 >7 --># *7#
- $&* 8/&>>&+# > 7 77E&+# ."%E7%-) #&7)1 $ $&)68
>$7 $ + >A+>&+# 77#$7 -A> &B7/--) )-88 8 $
7-B )-+#8& >$ -7*7 -->))768 7 -+ >$ *->-7CE +
7-7 $&8 7>&-+ -+ $&8 *-&) /$-+1 77#$7 $8 8&+
/-)-#&8 -7 4*-*+> - *+885 C$&) >$ /-)& $B
8/-(+ >- >$ >$7 -A> A8&+# $&8 /$-+ *7 C$&) 7&B&+#1
C$&$ C8 )8> E */&#+78 -B7 &>8 >D
&781 $ - $&+ $8 +-> /& +E -7/-7>&-+ >D &+
>+ E78 8/&> 7(&+# A/ 8)8 - -A> =@+1
(&&('2 1 '1
2(& 2 *1(*(2 .2 (14 "'*''4!%/
"'-6"1: "'4( 6%%:"' '
122&'4 "' 1%"&'4
41 %%4"('2 261
"'24 271% 2
"'%6"' *$1 ( '
1(8, 2(& 2" ('
(': 4 4 4 611'4
2*4 (%": 82 '(4
*1(*1%: *1(44"' 24
' 4 4 4(( (4' 6212
81 (1 (64 ( 4 "1
#(2, 1(8 %%2
4( 12"' %24 1": 41
"4 82 1*(14 4 4 "2
(1&1 *1"74 2141:
4 &&2 %4 1 #(
8"4 *(24!416&4" 24122
"2(11, "2"(' (64
4 *1( 8"%% 4$' :
4 (62 ( (&&('2
(&&"22"(' 8 "
1(8 "12, 2 7
%% (' "& 4( 24* 2",
*14&'4 (1
64"(' 2 ''(6'
'8 2:24& (1 14"'
6'"712"4: (6122 1(';
2"%71 (1 (%, 14"'2
8"%% 2 (' &41"2
26 2 #( *1(2*42
164 1'"'2 '
1(*(64 142, '"712"4"2
"'"241 & :"& 2"
6'"712"4"2 .8"%% '( %('1
% 4( "/ " 4 "1
4 "' -6%"4: "2 '(4 6*
4( 214 , "'41(6
4 "124 14"'2 8(6% "' *% "' 5<5<,
1%: ( (4(12 %"7 *4"'4
24: 2 41"(14 (71
4 *24 :1 ' 2:
4 : 1 8(11" (64 4 "1
217"02 "%"4: 4( %"71
2 *4"'4 1 (71 4 '94 )5 &('4 2, (4(12 2: 4 : 7
9*1"' 24 2 (142
' % 4 8(1$(1
"2 &(1%"2 : 1(8"'
*122612 (' 4 ,
(61 2 4$' 27'!
*("'4 % (71 4 (1"2,
4 "2 '(8 (' 6* ('
*("'4 8 "% 4 (1"2 1
(8' 4 1 *("'42 (' ,
( *(*% 4 "'$ 4 8"%% 2%" $ "'4( 122"('
8"4 "' 4 '94 48( :12,
( *(*% "'%6"'
( 4 (2 8 ( 7(4
('2174"7 4 4 %24
%4"(' 4 "'$ 2*'"'
642 7 (' .4(( 1/,
" ! ?+1 1>@ FF 06F
F3 ? ?1 F) $?*?+()F F+31/ ?31F
M )1(+1( +F@ 10 ?1 +1F3 +$%I/F+ @
K) 1 @0// 1F? *?+()F 6?FM @+ F)F
+F /? M 3K1 ) ? )3@ 1 10 #
7F+31/ //M8:
? 6/1 F3 ? J+J F) F+31/ ?31F>@
$3?FI1 @ K@ /@3 ?+ M ) ? $F) ?:
/+0+1( F)F )1(+1( F) 10 3$ F)
6?FM ) $3I1 03I1F F3 <63/+F+/
@@@@+1F+31= 1*?+ 1 63+1F 3IF F)F F+31/ //M K@ F) 10
3$ 3F) $?*?+()F 6?FM +1 ?1 +1
F) 52&O@ 1 1 //+1 F)F ) / +1 F) 52"O@: 1 @ 1+3? K@ $3?0//M
? 03J @ F) 6?FM>@ /+$ 6? @+ 1F F +F@
11I/ 31$ ? 1 +1 +// /@F K . 1:
) ? K@ /@3 @I?6?+@ 66 ?1
$?30 31/ ?I06>@ $3?0 ? J+@ ?
F J 1131: +F+1( 636I/+@F 03J 0 1F@
?3I1 F) K3?/ ) F3/ F) ?3K F)F
)+@F3?M K@ 31 F) +? @+ : < F F) 0 //
M3I ?+@F@ L 136)3 @::: K ? F) @ /+.
( 3$ )313I?= ) @+:
"$!% $3?0 ? N+ (I? I F)
<33.. 6 ? 3$
I@)K+FN= + /@F K . @F+// $? 01: @.?
?41+1( 2D )
K3?. @ 1
3I1F1F F
F) N+ F) 06 F//M+1( 031 M 1
J/I/ @ @F3/ 1 $?30 +10F @ 1 @ 1+1(
+F F3 ?/+1: 1 HO5& ) K@ 31J+F 3$
+1( 1 @@3?M F3 F) 0I? ? 3$
GOOOOO 6 36/ 1 @ 1F 1 F3 $3I?
M ?@ IF 3K+1( F3 J?+3I@ 66 /@ $3?
/ 0 1M 31(3+1( F F) F+0 3$ )+@ F)
) K@ 1 J ? -+/ : K ? F)1 &O 3$ F)
D&OO 6 ?@311 / F I@)K+FN
K)3 @I?J+J F) ? )J
1 31J+F :
" ! !
/3J.+>@
(3J ?10 1F @ 0 31 F) ?+1. 3$
3//6@ F)+@ K . @ 6I/+ 1( ? 3J ? F)
0I? ? 3$ F) +1J @F+(F+J -3I?1/+@F 1
I+. 1 )+@ %1! ?F+1 IA1,?3J
31F+1I F3 31JI/@ F) 3I1F?M: 3F)
K ? @)3F /@F 031F) +1 F?( F @@@@+1F+31: 1 )+@ %1/ ?F+/ 6I/+@) 63@F)I03I@/M I+. ? J / F) // ( /+1.@ FK 1 F) F/+1 % 1 FK3
J+@ ?@ F3 F) /3J.+1 3 ?F
+3: @F ?+M F 1@ 3$ F)3I@1@ 3$
1F+*(3J ?10 1F 6?3F @F ?@ F33. 6?F +1
F) +(( @F 031@F?F+31@ +1 F) 3I1F?M
@+1 F)3@ F)F 1 300I1+@F ?I/
F) ? +1 52"2: K3 3$ +3>@ //+ @ )J
? @+(1 1 -I1+3? 6?F1 ? +1 )+@ ?I/+1(
3/+F+31 // $3? 1 ?/M / F+31:
"! $ +1@*
63K ? +(+F/ /3.@ ?3@@ I?36 #
+1/I+1( F)3@ $3I1 +1 3J 1@ ) F+1(
@M@F 0@ 1 ?+3 /?0@ # ? ?I11+1(
I6 F3 @+L 0+1IF @ @/3K 3K+1( F3 +@6IF
FK 1 ?+ 1 3@3J3: /F)3I()
3@3J3 I1+/F ?//M /? +1 6 1 1
$?30 ?+ F 1 M ?@ (3 /(? )
(? F3 0 F +F@ / F?++FM 1 @ F3 . 6
F) 1 FK3?. @F/ : IF /31(*@F1+1(
F 1@+31@ FK 1 F) FK3 )J / F3
$? ;I 1F +@6IF @ 3J ? F) +06/ 0 1FF+31
3$ F)+@ / 1 @+1 6/1F +1 3@3J3
K 1F 3K1 +1 1I?M ?+ )@ ? $I@ F3 0. I6 F) @)3?F$//: @ ? @I/F
F) (?+ F)F @I66/+ @ H& 3I1F?+ @ +1
31F+1 1F/ I?36 )@ 1 ?I11+1( F
1 J ?( 3$ '2:22D ) ?FN ?F) ? F)1 F)
@F1? &O 1 +(+F/ /3.@ F)F . 6
F+0 @ 31 F) $? ;I 1M K+F) K)+)
/F ?1F+1( I?? 1F )1( @ +? F+31 7&O
F+0 @ 6 ? @ 318 )J /3@F @+L 0+1IF @:
!
#
? >@ @63?F@
0+1+@F ? )@
@I@6 1 //
6/M +1 F)
3I1F?M>@ F36
$33F// +J+@+31
$3//3K+1( 1
+1+ 1F +1
K)+) $33F//
/I 3K1 ? +1J F) 6+F) ?0 K+F)
(I1 F3 6?3F @F (+1@F +@//3K "2F)*0+1IF (3/ 1 F)? F 1 F)
? $ ? : J1 JJ++@ F) 3K1 ? 3$ 0?) I6 F3 F) ? $ ? @I??3I1 M
3M(I?@B ) K@ @ 1 6IFF+1( )+@ )1
31 )+@ )3/@F ? IF +1>F F. F) (I1 3IF:
) +@//3K (3/ K3I/ )J (+J 1 )+@
F 0 5*O J+F3?M (+1@F F) 1@
K)+) +@ / +1( +1 F) I6 ?/ (I :
$ I?F3?@ F F) N )
6I/+>@ F+31/ I@ I0 )J + F3 ? ) . F) 6?3J 11 3$ J ?M 31 3$
+F@ HO 0+//+31 ?F $F@ $F ? +@3J ?+1(
F)F @ J ?/ 3$ F) +031@ ?I+ @
@66)+? @ 1 3F) ? 6? +3I@ @F31 @ +1
+F@ 3// F+31 ? ) 6 +0+FF+31@: )+@
6+1@F.+1( 6?3 @@ +@ L6 F F3 F. FK3
M ?@: I?F3?@ I13J ? F) F?IF) 3IF
F) ( 0@ K)+/ 31IF+1( $I// +1J 1F3?M
3$ F) 0I@ I0 31 ?(I >@ 1 @/@
;I? ) 3$ +F@ (?1 ? 36 1+1( +1
F3 ? $3//3K+1( @ J 1*M ?
? $I?+@)0 1F: 1 3$ F) $. @F31 @
+@ +031 F)F ) 1 6?+N 3$ F)
3// F+31 IF K)+) FI?1@ 3IF F3 0
3$ (/@@: I@ I0 3$%+/@ ? 13K F?M+1(
F3 @F/+@) K) F) ? F) I?F3?@ K)3
;I+? F) @F31 @ +1 F) 52DO@ 1 52CO@
K ? I6 3? +@)31 @FB 3? K) F) ?
( 1I+1 @F31 @ )J 1 ;I+ F/M @F3/ 1
1 ? 6/ K+F) $. @ 3J ? F) @:
$ ! +//+31@
3$ 61+@) K30 1 F33. 6?F +1 1
I16? 1F 1F+31K+ @F?+. 31
1F ?1F+31/ 30 1>@ M /@F )I?@M
F3 6?3F @F (+1@F @ LI/ +@?+0+1F+31
F) ( 1 ? 6M (6 1 J+3/ 1 (+1@F
K30 1: //M+1( I1 ? F) @/3(1 <$
K @F36 F) K3?/ @F36@= )I1? @ 3$
F)3I@1@ 3$ K30 1 F33. 6?F +1 6?3F @F
0?) @ +1 ?+ ? /31 1 3F) ?
+F+ @ K)+/ 3IF &:H 0+//+31 K/. 3IF 3$ F) +? K3?.6/ @ $3? 6 ?+3@ 3$
FK 1 FK3 1 H' )3I?@ 7/ +1( F3
@ J ? +@?I6F+31@ F3 6I/+ F?1@63?F8:
) 0M3?@ 3$ ?+ 1 ? /31
1I / ?0 1 1 3/I 1
6+1>@ 6IFM 6?+0 0+1+@F ? 3?M
1N 1F0?, // F33. 6?F +1 F)
@F?+. # @ + F)3I@1@ 3$ -3I?1/+@F@:
30 1 ? 6+ 5G9 / @@ F)1 0 1 +1
F) 6I/+ @ F3? +1 6+1 1 529 / @@
+1 F) 6?+JF @ F3? 3?+1( F3 F:
5C ?) HO5" )" % " " %# #( *"#
AG.3 ,0A"1. G," &6A2"A ," +"
&K3 23+"A M,6 "2"
036M3 B G," >26BG ,G" 23
.3 G," ? M,"3 ," ,.0" G,"
8A." 6& 3 . B AK+ O (PPP;
6L"A3.+,G ,B ""3 /.1" &6A
B"L"3 O"AB .3 3 K3A"1G" &AK
B"< 3 JP7( ,0A"1. H( "2" A"L.1" &6A 8KGG.3+ K8 G," 8A."
6& A8A.2 &A62 !7H<(P 8.11 G6 !D(P< KG .3 K+KBG 6KAG
&6K3 G,G "&6A" +.3.3+ G,G 36G6A."GO G," >,A2 A6? ,
622.GG" &AK B 8AG 6& B,"2" G6 63"1 16BB"B G GM6
," +" &K3 B< 1G,6K+, ,"@ 8. G," 263"O 0 ," MB 1B6
6A "A" G6 &6A&".G !D2 G6 G," +6L"A32"3G<
%"# )" * 6A" G,3 4PP 6G6AB 3 2" .1
BGK "3GB .3 K"" ,L" B.+3" 1"GG"A "23 .3+ G,G G,"
8A6L.3" BA8 G,".A 8133" 8O A.B"B % 3 KB" G," 263"O G6
6G, 66BG G," 8O 6& 6G,"A ,"1G,A" M6A0"AB 3 "3BKA" "GG"A B"AL." &6A 8G."3GB< ," 1"GG"A MB 6A+3.B" O # ".3B
=K##6.B 86KA 1" A#+.2" 8K1. .3 A"B863B" G6 A""3G 8O A.B"B
3"+6G.G" &6A 6G6AB O G,".A 8A6&"BB.631 BB6.G.63B % 7<*;
&6A B8".1.BGB 3 7<$; &6A B< G 11B G,"B" >B,60.3+? .3 G,"
&" 6& > A63.3 KGB? G6 ,"1G, B"AL."B .3 A""3G O"AB 3 G,"
>L"AO .&'K1G M6A0.3+ 63 .G.63B? "3 KA" O 3KAB"B 3 6G,"A
2" .1 BG&&< B O"G G,"A" ,B ""3 36 6&'.1 A"81O< 6M"L"A
K""@B ,"1G, 2.3.BG"A #G3 AA"GG" B. 1BG 263G, G,G .&
G," 6G6AB &""1 6L"A8. >G,"O 3 1"L" G," 263"O 63 G," G1"<
+KA3G"" G,G 3 20" +66 KB" 6& .G<?
# % #)# A0 3 .,"11"
2 A" A"86AG" G6 " .3 > L3" 3"+6G.G.63B?
M.G, "G).N G6 8A6 K" B"A."B 6& B,6MB G,G
M.11 8A6L. " G," &6A2"A 8A"B. "3G 3 ,.B M.&" M.G,
>+161 81G&6A2?< 6A .3+ G6 ," "M 6A0
.2"B G," "1 M6K1 "31" G," 2B G6 8A6 K"
.3B8.AG.631 8A6+A22"B 6KG 8"681" M,6 A" >20.3+ .&&"A"3"? M.G, &6KB 63 8AG.K1A 861.O A"B BK, B
3KGA.G.63 1.2G" ,3+" 3 " KG.63< ,"O 2.+,G 1B6 "3 6AB"
6G,"A "G).N 8A6+A22"B G,G 6A M.G, G,".A >L1K"B?<
1G,6K+, G," "1 ,B 36G ""3 '31.B" G," A"86AG B"3G
"G).N@B B,A" L1K" G6 3"M ,.+, 6& !HJE<D*<
"# " 631 AK28 AK8G1O 'A" "N .11"AB63 B "A"GAO 6& GG" 63 K"B O A"81.3+ ,.2 M.G, ,."& .0"
628"6 &6A2"A " AGO "8K1.3 63+A"BB23< 3 GM""G
AK28 G,30" .11"AB63 &6A ,.B B"AL." 3 8A" .G" G,G
628"6 M6K1 6 >&3GBG. /6?< 9" 1B6 362.3G" .3
B8"1 B G," 3"M ," G," 'ABG M623 .3 G," A61"<:
"3B.63B "GM""3 AK28 3 .11"AB63 &6A2"A NN636.1
6BB , ""3 +A6M.3+ &6A 263G,B< 3 G6"A .11"AB63 &.1"
G6 "3O G,G ,"@ A"&"AA" G6 AK28 B >&.3+ 26A63? .3 2""G.3+< ,.B M""0 G," 8A"B. "3G B. G,G G,"O , > .B+A""
63 G,.3+B?< KBG "&6A" ," MB B0" .11"AB63 , "BA." G,"
3"AL" +"3G GG0 .3 G," B >1"A1O? KBB.3 % +6.3+ &KAG,"A
G,3 AK28 ,B .3 ,.B BGG"2"3GB< " MB 1B6 B. G6 ,L" ""3
K+,G K3MA"B O AK28@B +A""2"3G G6 2""G .2 63+ 3<
' %# ## 16A. @B "8K1.3 +6L"A36A .0 6GG ,B
B.+3" .3G6 1M A3+" 6& 2"BKA"B G,G M.11 20" .G ,A "A &6A
O6K3+ 8"681" G6 +"G "BB G6 +K3B ,."& 263+ M,., .B A.B.3+
G," 2.3.2K2 +" G M,., +K3B 3 1M&K11O " 8KA,B" &A62
7$ G6 J7< ," 3"M 1M 32" &G"A G," ,.+, B,661 .3 A013
M,"A" 7D 8"681" M"A" B,6G " O 74-O"A-61 +K323 1BG
263G, 1B6 3B G," B1" 6& K28 BG60B "L."B G,G 3 "
GG," G6 A.)"B G6 20" G,"2 'A" &BG"AC G,"B" 2" G6 8K1.
GG"3G.63 1BG O"A M,"3 +K323 KB" G,"2 G6 0.11 ($ 8"681"
.3 B "+B< ," G.631 .)" BB6.G.63 ,B 36M '1" 1MBK.G +.3BG 16A. 1.2.3+ G," +" 1.2.G .B K363BG.GKG.631<
" "%'"# "BG.3 .5"A G,"
"3GA"-A.+,G .11.63.A" KB.3"BB23
M,6 MB ,.1"@B 8A"B. "3G &A62
JP7P G6 JP7* MB BM6A3 .3 +.3
63 K3 O G0.3+ 6L"A &A62 G,"
B6.1.BG .,"11" ,"1"G< ,.1"@B
63BG.GKG.63 1.2.GB 8A"B. "3GB G6 63"
&6KA-O"A G"A2 KG 116MB G,"2 G6
AK3 +.3 &6KA O"AB 1G"A< ,"1"G
MB 1B6 8A"L.6KB1O 8A"B. "3G &A62
JPPE G6 JP7P< 3 ,.B 'ABG G"A2 .5"A 98.GKA" : 8A"B. " 6L"A
662.3+ "6362. +A6MG, . " O BKA+.3+ 688"A 8A." KG
1B6 &" 2BB.L" 8A6G"BGB 6L"A " KG.63 3 B6.1 A"&6A2B<
7D A, JP7$
"!# % '" ,"
861.G.1 8AGO &6K3 " O &6A2"A
A A""1B GGAG" 1"BB G,3 7; 6&
G," 868K1A L6G" .3 6162.@B 8A1.2"3GAO "1"G.63 G,.B M""0<
6116M.3+ G," JP7E 8"" "1 M.G, G," 6162.3 BGG" G,"
"L61KG.63AO A2" 6A"B 6& 6162. ,3+" .GB 32" G6
G," 62263 1G"A3G.L" "L61KG.63AO 6A" 9G,KB 0""8.3+ G,"
A A63O2: M.G, L."M G6 "3G"A.3+ 861.G.B< KG .3 G," 'ABG G"BG
6& .GB 8K1. BK886AG L6G"AB 8A6L" K3&6A+.L.3+ 6& 3 6A+3.BG.63
G,G .3 .GB &6A2"A .3A3G.63 MB .3L61L" .3 63).G G,G
0.11" JJPPPP 6162.3B< L"3 B6 G," 3"M 363-L.61"3G A
M.11 "3 K8 M.G, G"3 B"GB .3 63+A"BB "KB" G,.B 1"L"1 6&
A"8A"B"3GG.63 MB BBKA" K3 "A G," G"A2B 6& G," 8"" 6A <
! ,7 $&(7*
=$* A7 7 C&*# &* =$ B7 &* C7&2
,7&*# =, *& +-E $&(7* B7
'&(( &* C7& &* ?E-: ),7 =$* &* *C
,=$7 C7 * E1 ),7 =$* &* ?E-;2
$ 8) 7.,7= 8=&)=8 =$= @7=$7
+;- $&(7* B7 77@&= =, ,)=
7,(8 (8= C72 #@78 8@##8= =$=
, =$ ;2- )&((&,* .,.( B$, $A *
,7 =, ! =$&7 $,)8 C =$ 8A*%C7
,*!&= ?2 )&((&,* 7 $&(7*2 * 7*=
B'8 =$7 $8 * 8$7. 8(=&,*
&* A&,(* &* (& .7,A&*9 &* 7&*
(,8 =, =$ @7'&8$ ,779 * &* 8=7*
$,@= 7(%$( 7 ,* =$ ,@=8'&7=8
, )8@8 =$= $8 * @*7 &*=*8
,)7)*= C @88&*%' C7&*
,78 ,7 B'82 7,@* $( , =$
"?EEEE &A&(&*8 =7.. &* 8=7*
$,@= 7 $&(7*2
$ $8
,*)* BA , *=&%@8(&)
A&,(* &*(@&*# =='8 ,* &*&A&@(8
$,)8 @8&*888 * ),83@8 &*
7& *'68 *=7( *C &8=7&=2 $
#,A7*)*= **,@* 8== ,
)7#*C (8= B' ,7 =$ 78= =&) 8&*
?E-- #&A&*# &= .,B78 =, &).,8 @7B8
* ,=$7 8.&( )8@78 &* 78.,*8 =,
A&,(* &* *C * =$ 8=7* =,B* ,
).72 $ =7&##7 B8 =$ @*7( ,
&*$(8 @$&8= )* B$, $ &
=7 ((#(C &*# =* C #7,@.
, @8(&) )* ,((,B&*# =7 &8.@=2
B, .,.( B7 '&(( * ,D*8 ,
@&(&*#8 @7*= &* =$ BA , @*78=2
@8(&)8 B$, ,@*= ,7 ,@= -E1
, 7& *'68 ?- )&((&,* .,.@(=&,*
$A * =$ =7#= , 8A7( ,@=7'8
, ), A&,(* &* 7*= C782
"
.*68
7&) &*&8=7
$&*D, B8 =$&8 B'
,*=&*@&*# =,
*C *C
&*A,(A)*= &*
,*=7,A78&(
.7,.7=C (
&* B$&$ .@(&
(* B8 8,( , = @=%.7& 7= =, 8$,,( ,.7=,7 B&=$ =&8 =, $&8 B& '&2
7(&7 &= )7# =$= $&8 ** )&*&8=7C
$ (=7 ,@)*=8 7(=&*# =, =$ (
=, 7),A 77*8 =, =$ ,@.(2 $&8
*B =B&8= &* (,*#%7@**&*# 8*( B$&$
@(( 8$7. 7,. &* 68 .,.@(7&=C
(8= C7 $8 @8 @.7,7 &* .* *
@7=$7 @*7)&* =7@8= &* $&8 #,A7*)*=2
""
$&*68 8==%7@* )&
$8 &*8&8= =$= =$
87..&*# , .78&*=&(
=7) (&)&=8 ,8 *,=
4&).(C (&=&) =*@7 ,7
*C (75 * $&= ,@=
= =$ 48$)(885 *
)(&&,@8 4*C8C785 &*
=$ 8=7* )& B$,
7 =$ ),A .78#8
=$ A(,.)*= , ,%8=C( @(= 7,@*
78&*= &2 * @*C
$&*68 7@7%8=).
.7(&)*= =$ =&,*(
,.(68 ,*#788 A,=
C ?+ A,=8 =, =B,
=, (&= =$ =B,%=7)
(&)&=2 $7
(#=8
8=&*2
$
.78&*= ,
@7@*& $8
,) =$ (=8=
7&* (7 =,
8' =, $*# =$
,*8=&=@=&,* &* ,77
=, 7)&* &* ,2
&77 '@7@*D&D68 &8&,* =, 8=* ,7
,*=7,A78&( =$&7 =7) &* ?E- *
8@83@*= A&=,7C =7&##7 BA ,
A&,(*= .7,=8=8 &* ,@*=7C (&#$= C
7*= =$*& ,*!&=82 *,B .(*8 =,
$,( 77*@) =$= B,@( (&)&=
.78&*=8 =, =B, 8A*%C7 =7)82 ..7,A =$&8 ,@( )* $ &8 (
=, 87A =B, ),7 =7)8 &* &=&,* =,
=$ =$7 $ $8 87A @*7 =$ @77*=
,*8=&=@=&,*2 *B$&( $&8 .7=C $8
(7 $&) &=8 4=7*( 8@.7) #@&5
)*&*# =$= *, ,* &* =$ .7=C )C
&8#7 B&=$ $&)2 4 &8 ,@7 .7*= $ &8
=$ ,* B$, A&88 @85 8& &=8 87=7C
#*7( A7&8= C&8$&)&C2
! $ (=&,* &*
'&8=* , =$
78= )(
&*@ (&=
8*=,7 $8
* $&( 8 7'=$7,@#$ &*
=$ ,*87A=&A
)&*(C @8(&)
,@*=7C2 7&8$*
@)7& ,$(& >+ B8 ,7* &*=, .,,7
(&= /=$ 4@*=,@$(5 8=0 )&(C &*
&*$ .7,A&* * 8 $&( B8 ,7
&*=, ,* (,@72 (=$,@#$ )77& =
-; 8$ B*= ,* =, 8@7 .,8=#7@=
#7 * ) ).&#*7 ,7
B,)*68 7&#$=82 &*@8 )' @. ,@=
?1 , '&8=*68 .,.@(=&,* * 7,@=&* &87&)&*=&,*2
# $ @7)8
7)C &8 @&(&*# *B )&(&=7C 88 ,* =$
@((,D 7@&*8 , 7D ,$&*#C A&((#8
&* '$&* 8== =$@8 ,(&=7=&*# A&*
, B$= =$ $8 87& 8 =$*&
(*8&*# * .,88&(C #*,&2 )*8=C
*=7*=&,*( B$&$ $8 @8 8=((&=
.$,=,#7.$C =, ,@)*= =$ B,7'8
8& =$= =$ 4(* #7 C =$ )&(&=7C
,* 7)=& 8(5 B,@( )' =$
8 7=@7* , ,$&*#C 7@#8 7,)
*#(8$ * A* ),7 &8=*= .7,8.=2
7(C :EEEEE ,$&*#C $A !
'$&* 8&* (8= @#@8=2
-: 7$ ?E- $("$ (
'; 0*G @%@
:;.,@; .: %:';@.0%:
*;@.,3 $ /= @% @.:
E%. E; :.C$%@ C0 ., .C,'* ;@@ ', * .: E;
;@ ', , +@C: 0:.C@'.,
; C 3 9 *:G
**, ', *.D E'@% @',$ C@
%);0: E; *', @::'@.:G3
69 ;@C' @
;%..* , %@ '@ C;
E; .,'@'., @. ;G
%);0:9; ,.@ .: +7
% @.* , E:, ',
% '*G *$:0%3 6C@
*@ @%@ C; @%
E; ;.*': .C* 0*G %'+3
G % ., ,@'.,*
;:D'37 .E A= G:; ., %
'; .',$ F@*G @%@ .00.;'@
'+% C;) @ @:@ .:3 @9;
.,*G %'; ;., 0:. ;;'.,*
%);0:, :.* 1% 0*G
+*@ @ @% ;@ .:);%':
*G%.C; ', BIIB23 9** C;',$ %'; ,@'D ,@ ', .**G ',*G 0:.C@'., @%@
:#@; .,@+0.::G +.:;3
6 E: ), @. ;@: EG
:.+ +';.$G,G ', @% EG
G @% %; ,
0:;,@ ; @%'; ;FC*
+,'0C*@'D %:0G ,
@% '; @% ',,.,@ +*7
% F0*',;3 6, .C: D:;'.,
@% @%; : 4C* ',
+.:*'@G E%, '@ .+; @.
+C::3 %);0: ';
',@:;@ ', $,: , E%@
'@ '; @. +* , +*3
@% *') + '; ',;C:
.C@ %'; +;C*','@G37
+#,, !(,(/
.%, :@%G E; B- ,
., %'; !:;@ .:'$, ;;'$,+,@
E%, % E; )',00 G
;*+' '% @::.:';@; ',
':C@3 %G )0@ %'+ 0@'D
.: !D G:; %', C0 ', ;:'; . **;3 9 ,D: ,
0:@'C*:*G :*'$'.C; C@ @:
0:'. ', ;.*'@:G .,!,+,@
% E; :'D, @. ';@:@'.,
G @% ;.C, . 0.0* ',$
@.:@C: , ., G % (C;@
:.00 @. %'; ),; ,
0:G3 6% ,F@ +',C@ E; C@@:*G C0%.:'7 % @.*
C: C**+, ', % C,G
'+;3 6% %.::'* ,.,
*'$%@ % @C:, ;. @ *C ,
@%.C$%@ 8D:G@%',$9; $.',$
@. !,397 %: E: .@%:
.,;.*@'.,; @.. ',*C',$
%C+.C:3 , % , **.E
%.;@$ :', ,, 1E%.
'; ;@'** *.; :',2 E:
@:,; :: @. :H',$ :..+
E'@% 0:@'C*:*G @::' G',$
)',00:3 6 ;@:@
'+'@@',$ @% $C:; .',$
:**G . :' ,@;3 E: *G',$ ., :H',$ #..:
:.:',$ E'@% *C$%@:3 :*'; ' @%:9; ;@'** (.G ',
@%'; ;.*C@ %**%.* @%, .
.C:; E9D $.@ @. %.* .,37
%: E; D:G *'@@* @%@ E;
C,,G .C@ %'; F0:',
@%.C$% , .: *.,$ @'+ %
)0@ '@ :.+ %'; C$%@: ,.E
/B3 C@ ., G ;% + )
:.+ 0:'+:G ;%..* , ;'
6G ' G.C .,9@ *@ + .
@%@ 9+ $.',$ @. 0C@ G.C )
', 0:';.,37 . :@%G $,@*G
F0*', E%@ % %00,
@. %'+ %.E +, E'@%
+%', $C,; % ;@.00
%'; : , ., . @%+ %
%C* %'+ .C@ G @% .**:3
E.::' @%@ ;% +'$%@ :G3
,;@ ;% ;) 6 G.C9
, E:',$ &;%':@ .
G.C @%',) %9 %D $:
G.C G @% :57
$(-/ ( -
. 4!,. 1 &$ & & ,. 98= 9+- (99 12-
( "&.&(- &$ -5
*
)
&
%
&$ -. @8(==- - 18"/8, B ?( /@(
$ &1 &#. $ )$ 5* =8(=(/-+
88-% B ?( -9&@ 18"/8, B +A +9%/@
$ # -1- !. - $ @8(==- - 18"/8, B
/B > "=>8 (- 1 -1&#$ B ,(=8( &/9=*/?(& 18"/8, B >+ -- @(=&
&+/ -9+(1 - =& /-/- B,1&/-B 8&9=8 "=>8 ( "5
$" .#$ $ 4 &-! @8(==- - 18"/8, B =(-%
$& &$1 &+ % (+ / B +A-8 8((- 18"/8, B
8(%/8B /*/+/?
5#$&( &+ ' B 8(* =( 18"/8, B 9+ /%
+ $" & "8/, 3. "" B 8(/ /,1/>
18"/8, B 88= -*
"# 1 1 $ & 1 $ B ++ =?-9
&/( (" ++/@ /-+B /- 8/8
+.+#/ -+99 9>11+B /" 8,(=
/= :% BI/
&- =& 8% 3>- >>+ @9 9?- B89 /+ /- /" &(9
9(9=89 /-9/+ &(, @(=& 18/,(9 4?8B/- @&/79 (- &8% /"
=& @/8+ -/@ =&B78 ++ ,*(-% (= ==8 9/ =&= B89 "8/, -/@
?8B/- /- =& 1+-= @(++ &? = +9= (%&= 1(89 /" 9&/925 &
@/8+ 8=(-+B &9 &-% (- =& (-=8?-(-% #D B892 - (=(/=/ &?(-% ?8B ,-B 1(89 /" 9&/9 >>+ (9 -/@ ,)/8 9=8
189((-% /?8 &(9 /@- &(= 9&/@ 22",. - 2 8= 8+(=B
18= =+-= /-=9= (= (-?/+?9 /C- /8 9/ 18/"99(/-+ 8%
3>-9 /,1=(-% (- ?8(=B /" /"=- (C88 &++-%9 =/ =&
-A= 48% 9>189=852 =79 1/(%--= - ?8B ">--B >= "/8 >>+
! @&/ @9 8/>%&= >1 (8= 1//8 (- - (%/ ! ?- =& &>,/>8
(9 1/+(=(+2 4/1+ &? +@B9 - =&8=- B , 9 "8(-',8(- ,- >9 /" =& (-&8-= +* 8% =&= ++
+* 1/1+ &? (- />8 >+=>8 =& >-8+B(-% +* 8% >9
/" @&= &11- =/ >95 & =/+ (=*-& (- &
>8(-2 4=79 +@B9 =&82 / /- /" =& @B9 =&= 7? + =/ (+>= =&=222 (9 =/ 899 9 &8=8 =&= 9B9 6//* 7,
">- - &? 9-9 /" &>,/>8 />= +(" >9 7, (- 8%2 *-/@+% +* 8% >= @78 %/(-% =/ &? 9/, ">-27 /
=&- 1/1+ 8 +(* 6& 9/ @ - +>%& =/%=&8 @ /-7=
&? =/ 899 =& +* 8%275
'E0.',@
-=8-= 1/+/%(9
6 + ;@'** :.D:',$ :.+ **;
@. :;'$, @: @E@ E:.@
.C@ .C:9; 0.:@*G 0C@G
*: .+ @;., ', E%'%
0.',@ .C@ @%@ @% E%.00',$
?"IIIII $'D, @. %'+ G F
.;*G E; ,.C$% @. %'+
.: 8,:*G E)93 C@ G.C
),.E E; +C% G.C,$:
E%, E:.@ '@ 1*;@ E)2<
** , ;G '; 9D %,$
1 %D,9@2 , %D ' :,@
D*C; 1 .,9@23 '@% ',;',:
0.*.$'; G.C ; .+
',;',: +.@'.,;3 )',$
0.0* 0.*.$'; .; ,.@
+) ;.'@G +.: %.,;@< '@
(C;@ +); @% 0.*.$'; *;; ;.37
#-
- "/8,8 2"".5
&/9= - /,(- (
0$ 8& % D2
+#( ,/
8-& "9&(/- 9(%-8
( 0D 8& % .02
(! -
8-/@- =&/8=(+
1&B9((9= ( 0$ 8&
% :;2
++ +#$ >=& 18(,
,(-(9=8 @&/ 1+B *B
8/+ (- =& 9=8(&=
8=B ( 0$ 8>8B
% : 2
# +$( (/+/%(9=
*-/@- "/8 &(9 1(/-8(-%
@/8* /- =& &>,- %-/,
( ; 8& % :#2
7KH $OO1HZ 6ZLIW (QMR\ WKH ULGH ZLWK RXU HIILFLHQW GHSHQGDEOH DQG
SRZHUIXO KDWFKEDFN
:LWK JUHDW IXHO HIILFLHQF\ RQ WKH URDG WKH VW\OLVK 6ZLIW LV DOVR DYDLODEOH ZLWK IDQWDVWLF WHFK OLNH
UDGDU EUDNH VXSSRUW $//*5,3 ZKHHO 'ULYH DQG VPDUWSKRQH OLQN IRU DQ DPD]LQJ UHOLDEOH GULYH
,W PDNHV HYHQ PRUH VHQVH ZKHQ LW FRPHV WR %,. DQG 3' WRR
(YHU\ QHZ 6ZLIW DOVR FRPHV ZLWK DQ H[WHQVLYH 'HDOHU VXSSRUW QHWZRUN DQG D GHGLFDWHG EXVLQHVV
WHDP JLYLQJ \RX WKH UHOLDELOLW\ \RX QHHG WR NHHS \RXU 6X]XNL DQG \RXU EXVLQHVV RQ WUDFN
PRQWK DJUHHPHQW PLOHV SHU DQQXP ([FHVV PLOHDJH FKDUJHV DSSO\ 9$7 SD\DEOH DW &2
J?NP
03*
FRPELQHG
%,.
3'
ee
)RU HYHQ PRUH UHDVRQV WR FKRRVH 6X]XNL YLVLW \RXU ORFDO 'HDOHU WRGD\
FDUVVX]XNLFRXNVZLIWEXVLQHVV
0RGHO VKRZQ 6ZLIW %RRVWHUMHW 6=7 SHWURO PDQXDO LQFOXGLQJ PHWDOOLF SDLQW 6ZLIW UDQJH RIILFLDO IXHO FRQVXPSWLRQ ILJXUHV LQ PSJ /NP 8UEDQ IURP WR ([WUD 8UEDQ IURP WR &RPELQHG IURP WR 2IILFLDO &2˄ HPLVVLRQV IURP JNP WR JNP
)XHO FRQVXPSWLRQ ILJXUHV DUH EDVHG RQ DQ (8 WHVW IRU FRPSDUDWLYH SXUSRVHV RQO\ DQG PD\ QRW UHIOHFW UHDO GULYLQJ UHVXOWV 6= PRGHOV RQO\ 6= PDQXDO PRGHOV RQO\ 6= DQG 6=7 :' PRGHOV
RQO\ ,PSRUWDQW LQIRUPDWLRQ ʣ %XVLQHVV 8VHUV 2QO\ 2IIHU VXEMHFW WR PRQWKO\ UHQWDOV RI e SOXV 9$7 ZLWK LQLWLDO UHQWDO RI e SOXV 9$7 EDVHG RQ 6ZLIW %RRVWHUMHW 6=7 1RQPDLQWDLQHG
6X]XNL &RQWUDFW +LUH LV D WUDGLQJ VW\OH RI /H[ $XWROHDVH /WG UHJLVWHUHG LQ (QJODQG DQG :DOHV QXPEHU 5HJLVWHUHG RIILFH *UHVKDP 6WUHHW /RQGRQ (&9 +1 2ZQHUVKLS RI WKH YHKLFOH
UHPDLQV ZLWK WKH ILQDQFH FRPSDQ\ DQG WKH YHKLFOH PXVW EH KDQGHG EDFN DW WKH HQG RI WKH WHUP 8. UHVLGHQWV DJHG RQO\ 6XEMHFW WR VWDWXV 7KH RIIHU DERYH LV DYDLODEOH IURP SDUWLFLSDWLQJ
$XWKRULVHG 6X]XNL 'HDOHUV RQO\ 7KH 2IIHU FDQQRW EH XVHG LQ FRQMXQFWLRQ ZLWK DQ\ RWKHU RIIHU XQOHVV RWKHUZLVH VWDWHG 7KLV RIIHU LV DYDLODEOH IURP VW -DQXDU\ WR VW 0DUFK )XUWKHU
FKDUJHV PD\ EH SD\DEOH GHSHQGLQJ RQ WKH FRQGLWLRQPLOHDJH ZKHQ WKH YHKLFOH LV UHWXUQHG ([FHVV PLOHDJH FKDUJHV DSSO\ DW eS SOXV 9$7 SHU PLOH DERYH PLOHV SHU DQQXP $OO SULFHV DQG
VSHFLILFDWLRQV FRUUHFW DW WLPH RI JRLQJ WR SULQW
! '! * / .
'' ('' 81%)11 #)+'+"< 9%1+01
"%9 <+8 6# 6# 9% ) +)$+)$+)
-06)01#%- 6+ 8' <+80 81%)11/ "0+:6#.
. . .
+)66 ) 9%1+0 6+<
### # #
86%8''< 1%") +0 81%)11 +) 6# "+.
" # !
8%'6 +0 81%)11 6+ 19 6%( 19 (+)<
) 1"80 <+80 6.
606%)" 6
%! ) $ $% ' $)
& ) ( "
7=, '' ). +0 %61 181%%0%1. '' %"#61 109. '' ) +6#0 60(0&1 0 60(0&1 + '' ). +0 %61 181%%0%1. '' 0+861 4+ .. +; 3* 0&)'' 0&1#%0 ,7 , )%6 %)"+(.
0%1 ) 1-%6%+) (< #)" :%6#+86 )+6%. 0(1 ) +)%6%+)1 + '1 ) 09% --'< ) 0 9%'' 0+( :::.''.+.8&. '' 09%1 + )+6 6 816+(0/1 16686+0< 0%"#61. 0+(+6%+)' + 0 '%(%6
6+ (;%(8( ! 1<16(1 -0 816+(0. +)66 +80 #6 6(1 +0 806#0 11%16). '60++& '0+) '0+) )1% +0 )1% )6' )6' +"+ )6' 6+( )6' 6+( )1% )6' +0 )6' )1% )6' )1% +"+
)6' 90+ 6)%8( 6)%8( )1% )6%8( )6%8( )1% 90+ )1% +) +) #% ) +) )1% 0 60(0&1 + )6' +0-+06%+) +0 %61 181%%0%1 %) 6# .. )4+0 +6#0 +8)60%1. %0+1+6 %)+:1
%)+:1 2 %)+:1 %)+:1 ., ) %)+:1 ,= 0 60(0&1 +0 0"%160 60(0&1 + %0+1+6 +0-+06%+) %) 6# )%6 661 )4+0 +6#0 +8)60%1. )6' 6# )6' +"+ )6' )1% )6' +0 ) +0
)1% 0 60(0&1 + )6' +0-+06%+) +0 %61 181%%0%1 %) 6# .. )4+0 +6#0 +8)60%1.
! 8E&? 9F9 ?$ ?&-+) 8*897 +&-+
01 5D&)) &*/? #8&B)?B8 *-8
?$+ +F -?$8 /8? - ?$ -+-*F63
8*&+# $9 + -C89+ &8?)F + $C&)F /8-?? F 8B99)9 9&+
8&?&+ '-&+ ?$ &+ .,;@3 $ 79
-**-+ #8&B)?B8) -)&F /8-C&9 $B#)F #+8-B9 9F9?* - 9B9&&9 0
?-?) - >@+ /8 F8 *-8 ?$+ $)
- )) 8* &+-*1 D$&$ -+ C8#
9B//)&9 H%H2 - 8&?&9$ 8*879
&+-*3 $ )9- /8-??9 &?9 8*89
D&?$ $&#$ ?8&9 -+ #8&B)?B8) &*/-8?9
8-* -B?9& ?$ )- + C8# -
.A3A2 B? 8&9&+# ?- 9 *B$ 9 .2 -+
)* + ;"2 -+ *&)(3 $8 8 89
?$? & 8&?&+79 -- *8(? D8 -/+
B/ ?- $/ &*/-8?9 8-* 9F ?$ *+F 8*89 D-B) 9?8B##) ?- 9B8C&C3
9B9&F &9 #B8+? B+?&) AHAA
+C&8-+*+? 8?8F &$) -C
$9 ++-B+ +D 9F9?* -8 8*89
&+ +#)+ D&?$ 9B9&&9 )&+( +?&8)F
?- ?$ 5/B)& #--96 ?$F /8-C&3
-F &? &9 9*)) &+B9?8F */)-F&+# 8)?&C)F D /-/)
9-* "<<HHH -8 .3 2 - ?$ D-8(-83 C+ &+ 8B8) 89
&? &9 +-? &# */)-F8 &? &9 8 $&+ 9F 8?&) + ?-B8&9*3
-DC8 &? &9 9&#+&+? &+ -?$8 DF93 ? /8-C&9 <.2 -
8&?&+79 -- 0B? 9 9?B+$ 8E&?89 /-&+? -B? ?$ -B+?8F
$9 )-+# &*/-8? *B$ - &?9 -- + -B) &*/-8? 9?&)) *-813
? )9- 9B//)&9 8&?&+79 -- + 8&+( &+B9?8F ?$ 79 )8#9?
*+B?B8&+# 9?-8 D$&$ */)-F9 *-8 ?$+ ?$8 *&))&-+
/-/)3 B8?$8*-8 ;H2 - 8&?&+79 )+ &9 #&C+ -C8 ?8*&+# 9- 8*89 8 ?$ *&+ 9?D89 - ?$ -B+?8F9&3
?8 AH., 0D$+ 8E&? -*9
8)&?F1 ?$ )8#9? 9&+#) /F*+?9
D&)) // + 9B9&&9 D&)) B9 &+9? ?- 5&++?&C&9 *?$-9
- 8*&+# ?$? 8? +D $&??9 -8
D&))& &+89 &-&C89&?F 8B
!-- 8&9( ??8 *&?&#? )&*? $+#
+ &*/8-C &8 4B)&?F F 8B&+#
#8&B)?B8) *&99&-+963 B)& *-+F
D&)) /& ?- B/)+ 9$/ 8*89
-8 5/8-??&+# 8F9?-+ D))9 + -?$8
&-+& 9/?9 - -B8 $8&?#6 + B9
?- &*/8-C /B)& 99 ?- 8*)+3
&?$ #8 - /+&3 $ 8*&+# )-F &9 B+89?+)F
9/8? -8 9B9&&9 ?- 8*&+ &+ /)3 8-? *8#&+9 &+
8*&+# 8 ?$&+ -+ 8/-8? )9? F8 9B##9? ?$? ,H2 - 8*9
D-B) +(8B/? & 9&+#) 8* /F*+?9 D8 8*-C3
-C79 /)+9 9F9 + 8&##9 ?$ &?-8 - 8*89 B8&+
)( 5-**-+ 9+963 -C $ 9F9 9&*B)?+-B9)F D+?9 ??B8+ 8&?&+ &+?- /8&9 -8 D&))&: &*/8-C /8-B?&C&?F &+
8&?&9$ 8*&+#: + B9 +D D-8) ?8 )9 ?- #? )-D8 --
/8&9 -8 -+9B*89 D$&) )9- *&+?&+&+# 8&?&+79 $&#$ --
+ +&*) D)8 9?+893 ?79 'B9? +-? )8 $-D ?$&9 + -+ D&?$-B? )F&+# D9? ?- *B$ - ?$ &+B9?8F3
$ &9 F 8 ?$ )8#9? E/-8? *8(? -8 8&?&9$ 8*&+#
-B8 &9 /8?&B)8 D-88F3 -* 9?-89 9B$ 9 $-8?&B)?B8
&? 8&C9 *-8 ?$+ <H2 - #8&%-- E/-8?9 + ,H2 -
/&#9 + /-B)?8F 8 $C&)F /++? -+ )-B8 09 -E13
8&?&9$ E/-8?93 -B+?8&9 8 )9- ?$ 9-B8 - ;H2 -
$ 9?&*?9 ?$? HHHH 99-+) D-8(89 8 +
?$ 79 -- &*/-8?93 8&?&+ + ?$ D8 ?- &) ?- -+%
C8F F8 ?- /&( 8&?&+79 8B&? C#?) + !-D8 8-/9: ; 2
)B 8%?8 ) + 8&?&9$ 8*89 D8 9B+)F - ?$9 D-8(89 -* 8-* -*+& + B)#8& ?$ 89? 8-*
D&?$ $&#$ ?8&9 -8 ?$&8 /8-B?9 ?$? D-B) $C C9??&+#
-?$8 9?8+ +?&-+93 C8F $8&9?*9 99-+ ?$ /-B)?8F
?3 9 ?$&+#9 9?+ &? )--(9 )&()F ?$? 8%?8 ) D&?$
&+B9?8F +9 .@HHH D-8(89 ?- /8-99 ?B8(F9 + 2
G8- ?8&9 -+ #8&B)?B8) #--9 D&)) #83 -DC8 9&+
- ?$9 8 -8&#+3 ?$ C?9 &+ 8&?&+79 ??-&89 2 8
8&?&+ &9 9? ?- )C ?$ B9?-*9 B+&-+ +D &+9/?&-+9 8
+?&-+)93 + ?-?) -B? -+ &+
)&()F ?- &*/-9 $(&+# -8
?+ #8&B)?B8) D-8(89 &+ ?$ &+9?+ ?$? -- E/-8?9 8))F 8
# * ' #
8 -8&#+ *&#8+?93
8&?&9$%#8-D+3 $&9 -B) /-9 )-?
' -$ #+ (# #'$ *##$ *#
- &B)?&9 -8 /8&9$) /8-B?93
# (##$ (' $' $ #$'+
#( '# (
#! + #+ #$ # $'
+ ($$$$ $' ' + *'(' ( $ &9 ))&+# -8 +D 99-+)
#'(#+ $'#$ $( $ )$' #, #8&B)?B8) D-8(89 9$* 9&*&)8
&+ AHH@ -**-+ #8&B)?B8)
# #! '' %- #('(# (# $
?- ?$ -+ ?$? E&9? -8 *99
-)&F 9B9&&9 $C + *-9?)F
#) + ##$ '# $! *)# '
*&#8?&-+ #+3 -C $9
#&C+ -B? 9 ?$ 59& /F*+?
#)$' $' #('$ )'
$ #+ /? ?$? ?$8 &9 59?8-+# +
9$*63 $? &9 )B)? -+ ?$
+ $ $' )#+ (#'$)!
-*/))&+#6 8#B*+? -8 9B$ 9&9 - $?89 8* )?$-B#$
$ #' *##$ ) ($ $ '
9$*3 -DC8 $ $9 )9- 9& $
/8? - ?$ /F*+? &9 +-D ?& ?' '(#+ * '#) $ #$ &9 B+) ?- *( 8* ++-B+%
+C&8-+*+?) &*/8-C*+?93 +F
*( *' ' #)$'! $$ #('(#
*+? B9 ?$&9 &9 + &99B -8
8&?&9 &+)B&+# ?$ -C8+*+? 9
*##$ $ # *##$ # $'#
?$ -* 3 $&9 &9 98&-B9
9B$ 9B9&&9 9 &+&+? B+'B9?
(# *$ '#( ! (' ' *$ + '
/8-)* -8 8*89 D$- $C ?+ *#&+# ?$ )8#9? 8 /&
-$ '' #'$ #('(# # '$ (##' )
/)+ $ + 8&9 +&*)9 -8 /)+?
$( +$ '' ('
-B? ?- ?$ )8#9? )+-D+89
# *##$ $' ' #'$! $ $
?- B)) -+?8?9 D&?$ ?$&8 9B//)&893
&+)B&+# ?$ B+ + )8# #8&%
* ' ' #$ ' $(##' $! +
F AH.; ?$ +B*8 - 99-+)
B9&+999 + ?$ 9F9?* 8&C9 B/
) ($ * #$ #$ # ##$
D-8(89 $ )8F 8-// $C&)F
?$ /8& - )+ *(&+# &? $8 -8
* '(# ' # ' * *$ *&#8+?9 D8 &9-B8# F
+D 8*89 ?- +?8 ?$ *8(?3 ?
(#$ $#' '#'$ '' #'$ $'+ ?$
8E&? C-? + ?$ )) - 9?8)&+#
)9- +-B8#9 8*89 ?- 8* C8F
' *'! )#' *'$ * '$
8 ?$F /-99&)F + D&?$ &+C&?) '#( ' #$ # '')! (' $ ' #&+9? ?$ B8-3 9 89B)? )8#
*# ?- ?$ +C&8-+*+?3 B? ?$?79 #'$ ## )# * ' $" *-B+?9 - 8B&? + C#?)9 D8
)? ?- 8-? &+ ?$ )9 + -8$893
9? ?- $+#3 $&) ?$ ?-?) )C) -
.; 8$ AH. % 0%.,G
E9 .D9
C:@9'@G
!
:%+ C*
'*C9 @. **
.9G, .C@
%)
% *',,::
. 9'@',8:
C:',:: *'@
!
9&@99:
.,*G :',$ E%,
@%G89 E',,',$
% /< 9% BI/
% @ .C@ C:@9'@G ', @%': .C,@9G ': 0%.,G ., :G:
%'*'0 *9')3 @9@ '@ : @@* @E, 0C9'@,'* 9'$%@&
E',$ ,@': @9+', @. *, @% ..): ,. +@@9 @%
+$ @. .C9 :.'* 9' , )',*G * @&E',$9: E%.8 9@%9
69% .9 @% :@@ 9'@ 97 @%, C: :C 9',$3 C@ !:*
9:0.,:''*'@G ':,8@ 9'$%@&E',$ @':%3 ..) @ @% ,',D',
.C,@9': :. +'9 G @% @ 9.+ BII= @. BI/= 1@% G9: .
@% !,,'* 9':': :'2 E, ',*, ,+9) , .9EG
** C,9:0,@ @%'9 C$@:3 . @%+ !:* 09C, ': 6,.@
9'$%@&E',$ +*' C@ * @&E',$ D'9@C73 %G 9'$%@*G : *'D',$
E'@%', @%'9 .C,@9G8: +,: : 6 ,@'.,* :0'9@'.,7 ,.@ 09@G&0.*'@'* '::C3 % 9* 4C:@'., ': @%': . E E,@ @. 0G
+.9 @F .9 @@9 0C*' :9D': *') E, @ * .9 *:: @F
', F%,$ .9 :+**9 $.D9,+,@ *') @% 3 9C @ ':,8@
*EG: @%',$ .99.E',$ +.,G @ *.E 9@: @. :0, .,
', 9:@9C@C9 , ., .:'., +) +.9 :,: @%, 9':',$ @F:3
6C@ :%.C*,8@ 9C,,',$ !'@ @% F0@'., ,.@ @% 9C*57
6:@ E) 9'@':% 0.*'@': 9.:: *',7 :G: , .$:3 @
,.9+*': 9':+3 @ @..) *+.:@ ,. ,.@' . BI&0$ 90.9@
9D*',$ @%@ @% *9 . .C9 +', .00.:'@'., 09@G %: , ++9 . D''.C:*G ,@'&+'@' ..) $9.C03 *:@', 'D
': , .,*', 6::0'@7 9'++',$ E'@% 0.:@: :0.C:',$ .*.C:@
,'* , ->// .,:0'9G @%.9':; E: 9 9 99 @. :
6'.H':73 % 90.9@ G (.C9,*':@ D' .**'9 :%.E: @%@
9+G .9G, E: ++9 .9 :.+ @E. G9: 1BI/A&/"23 ,
E%'* .9G,8: . ! %: 09.C ** +,,9 . FC:: %
E: @. @% $9.C0 E'@%.C@ %': ),.E*$; % .,*G 90*' @.
0.:@: % E: +,@'., ',; % * @ : :.., : % 9*': '@: ,@C9
,., @C9,: .C@ @. :@9'@*G @9C3 , @ .9G,8: . ! D,
.9$,': , D,@ ', :@+',:@9 .9 $9.C0 ++9:3 @
E%@ %: , @% 9:0.,: . 0.*'@'',: ., ** :':5 6'*,37
*'D ', 'H99 E.9* E%9 0*',$ %, ., ), ,
:0** @% , . 0.*'@'* 99 C@ G.C , *.,$ @. 9':@
..) $9.C0 , 99G ., 60.@,@'**G ** @% EG @. .3 /I73
9'@', +G :.., %D '@: +.:@ * @&E',$ $.D9,+,@ ', %':@.9G
:G: %'*'0 @0%,:3 .C9 ': ,)&,&,) E'@% @% .9':
, '@: *9: %D + ,. .,: .C@ @%'9 :'9 @. ':+,@*
.C9 0'@*':@ :G:@+3 .C8 @%',) @%@ E.C* @99' G C:',::
*9: G@ @%G :+ @. * ::C9 @%@ D, ' .C9 .:
E', @% 9*'@': . 0.E9 E'** .9 '@ @. @+09 '@: 69&*..
:.'*':+7 9:% ::C+0@'., ', @% $ . 9C+0 , 9F'@3
@%9 @%, @9C:@',$ @%',$: E'** E.9) .C@ @%G :%.C* :)',$
E%G 6, *@.9@ ),.E, .9 '@: C@'.C: 09$+@':+7 ': ,.E
@%',)',$ . *@',$ 6C,9.,:@9C@ 9F':@:73 .C* '@ %D @.
. E'@% @% @ @%@ @% ',.+: . /II .::: 4C9C0*
@E, /-- , BI/" E%'* +.:@ 9'@.,:8 0G :@$,@5 9
@%@ @% ,9$G E@9 , 9'*EG ',C:@9': @%@ .C9 E,@:
@. ,@'.,*': 9 6,.E 9C, G D9''.C: .*'$.0.*':75 9+G
.9G, , .%, .,,** @% E.C*& %,**.9 9,8@
@.C@',$ :,:'* 9+': C@ @%G8D *9,@ :.+@%',$ 9.+
9F'@ , 9C+0 6' @% .* *'@: 9 E9',$ *', .*: G.C
, E', :'+0*G G 9.$,':',$ :.+@%',$ %: $., *G E9.,$73
.,* 9C+08: +9 . 09.@@'.,':+ ': :C% , 9.,@ @.
@% 9'$,',$ .9@%..FG . @9 *'9*':@'., :G: 99G **'.@@
., .9$@: @%@ %':@.9'**G %8: +',:@9+3 , ,$*, 09.@@'.,
$, E'@% E9 ', @% /#@% ,@C9G % '+0.: .,@9.*:
., ,$*':% E..* F0.9@: 09'D',$ @% .E .C,@9': . @% 9E
+@9'* @%G , @. +) *.@%3 .9 @% ,F@ !D ,@C9':
09.@@'., E: @% ,.9+ *'H@% ,C9@C9 ,$*,8: @F@'*
@9; @% D'$@'., @: ,:C9 @% .*.,': .C* .,*G @9
E'@% 9'@',3 %@8: +.9 '@ E.9)3 @ 0C@ *+':% , ,',
@F@'*&+)9: .C@ . C:',::; '@ :@G+' @% $9.E@% . ',C:@9G ',
@% +9', .*.,':3 ,*G ', /=I E%, 9'@':% +,C @C99:
.+',@ @% E.9* E9 @9' : :9003 @ E: @% :+ :@.9G
E'@% 90'*G ',C:@9'*':',$ +9' ', @% /-@% ,@C9G '@: %'$%
@9' : ., +,C @C9 '+0.9@: E9 .,*G ':+,@* @9 '@ %
:C9 $*.* .,.+' :C09+G @9 @% ., .9* 93
, :C+ @% *C:@ .9 9 @9 $.: E'@% ',$ @.0 .$3 @ $, @.
E, ', @% ', @% /-I: E%, 0, @%9@, @%@ 09'+G3
.E E'@% @% $9@9 @%9@ 0.: G %', '@8: ', C** 9@9@3
$
# $ & &# &# #
# # #
# ! ( & # & ' ! $(
$
$ &# ## # $(
& #$# # %
&& #
$
&
$( &#
$#( $# # $ # $ # ## ( % & # &
& $
## # & &
# # # # &
#$ # # # $ & #$ # #
& $ $ ' !
$ ' ! ')
! !
& !% !%!! $$
$ ! $ !!
%$ ($ $ % !$ ! " *$ $
& !$ % '$ % '$ ! ! )! $
$$! $! )! $ %
$ !$ $! $ ' $! ! $$ '
! $ $ %! $ $
"$' " $ $"' $ "" & "
" "
% "
$ %
& " "$' ## & $
"" '
"" & $ " ' " "
" % " %
$
% "' '" ""
% '
" "" "&
" " "$ '$
" &
!
! ! !
H-# 86L#B'J2 (44# 3/4/CHBN 264,
'H#B C/M 364H-C 6' ?8B6BCH/4H/64
BJ2# N -#B '#226L 64C#BKH/K#
4 8CN-6 B3@ #B34N
62',4, -J2#< JH H-#4 34N
(422N -C 4#L ,6K#B43#4H C/
6' -#B /C/22JC/64# CJ886BH#BC
J 6C#4OL#/, /4 JC#JB 9B/C:<
2B# N '##2 C-# HC 2/1# 6/2
-# CJB8B/C/4,2N 2#B #/C/64 N
#36BH< 661 -6L C-# C288#
H-# 6/2 #36BHC 9: H6
6L4 H-# '66 41 /4 CC#4 H-H
64H/4J# /4 H-# JBB#4H 62/H/64
64HB6K#BC/22N #2B# /H L6J2
L/H- H-# 64C#BKH/K# & HL6
C#BK# 642N #B34C /4 4## 46H
H-/B C 6' H-# 3#3#BC-/8 K6H#
'6B#/,4#BC< ?6 64C#BKH/K#
?N#C@ & 8K#C H-# LN '6B '6JB
L6J2 -K# 64# H-H<@ #H
36B# N#BC 6' 4,#2 #B1#2< JH
#B1#2 -C 2C6 - H6 31#
/HAC -B 2N C# 6' ?22AC L#22 H-H
64#CC/64C H6 H-# /,-H C/
#4 C L#22@< 6H- 8BH/#C L#B#
6#BH /B4J3 /4 H-# C3#
C#K#B#2N L#1#4# /4 2CH N#BAC
88#B< -# 4## C H6 8B68 J8 H-#
#2#H/64 N H-# 'B.B/,-H 2H#B4H/K#
AC C/CH#B 8BHN H-# KB/4
'6B #B34N 9': 46L H-#
L-/- /C /4 4,#B 6' 26C/4,
6'(/2 6886C/H/64< -# 62/H/64
/HC 306B/HN '6B 642N H-# C#64 H/3# C/4# 75FF /4 CHH# #2#H/64C
642N CJBK/K# #JC# 6' ?4,J/C-@ H H-# 8B6C8#H 6' 4#L
2H#B H-/C N#B< 6 H6 H-# /BB/HH/64 6' -#B 622#,J#C C-#
#2#H/64C H-H 6J2 -K# 3 # H-#/B C/HJH/64 #K#4 L6BC#<
-C ,/K#4 /H H-B## 82J3 B62#C /42J /4, H-# /4H#B/6B 3/4/CHBN<
-H ,6#C H6 /HC 2# #B 6BCH ##-6'#B /HH#B B/H/ 6' -#B
CH64/C-/4,2N 3#3#BC L#B# H62 H6 CB/(# H-#/B 8BHNAC
#/C/64 H6 68#4 #B34NAC 66BC H6 B#'J,##C /4 IP7)<
#CH /4H#B#CHC /4 H-# 43# 6' CH/2/HN C /' 64H/4J/4, L/H- H-/C
BJ #B2#CC 62/H/64 LC 4N B#2 C62JH/64 C/ 16 J,CH#/4
-# 4#L 862/H/C B#*#HC H-# -4,/4, 366 /4 #B34N C/
/4 #B 8/#,#2 93JB,:< ?#B1#2 /C C/382N 46H ,66
-4#226B@ K6/ /4, #/C/64C 4 2#HH/4, 8B62#3C '#CH#B /C 46 4#C 6-2 /4 #JHC-# #22# 9644:< #682# B# 6K#BL-#23# N
H-# '##2/4, H-#/B '3/2/B LNC 6' 2/'# B# J4 #B H-B#H< -#N K6H#
LN H6 BJ4 6J4HBN< -#H-#B /HAC 2/3H# 862/N /,/H/CH/64
C6/2 0JCH/# 6B 3/,BH/64 /HAC 2LNC H-# C3# ?46 8244/4,
'6B B /2C #JC# H-# 3/4CHB#3 862/H//4C 4AH #M82/4
46 2# #BC-/8 46 B#C864C//2/HN 0JCH -6 862/N 4 8H-.
-6L ,262/CH/64 /4H#,BH/64 4 C#4C# 6' 4H/642 / #4H/HN
L6B1@< -# 4 6J4H -#BC#2' 2J1N H-H #B34C ?-K# H-#
(H H6,#H-#B< 66 N C##3C H6 146L L-H B62# #B34N C-6J2
8H/#4# 6' 4,#2C% 6B C-##8@< B64/22N #C8/H# /HC #2#H6B2
82N B6 ?/4 H-/C L6B2 6' BJ38 / 4 JH/4@ 6B -6L
-J32/4, H-# J4 #B /HC H/4, -/B34 2' -62O L/22
H6 C-B# 36B# 6' H-# JB #4 6' JB68#4 '6B#/,4 4 #'#4#
-K# /,,#B CN /4 H-/C ,6K#B43#4H C/ H#8-4.4 B#C
862/N< ' H-#B# /C C/2K#B 2/4/4, /H /C H-H 'AC #4HBN /4H6 H-#
C 6B'' /4 #B ,#CC8/#,#2 9#B2/4:< H L/22 46H 642N B#H/4 H-#
J4 #CH, -C 1/1.CHBH# C#B/6JC #H# H-H 3/,-H (422N
'6B#/,4 3/4/CHBN & H6 1##8 /H 64C/ # #B1#2 -C - H6 ,/K# /H
N/#2 3#4/4,'J2 4CL#BC H6 H-#C# 'J4 3#4H2 =J#CH/64C<
! # ! "
#AK# 4#K#B -#B /HC 2/1# #'6B#
HKB/ /C /4 2663#B, 9#L 6B1:<
C/ B/ -#2#O46K /4 # 636CH/
/4H#22/,#4# -C ##4 HB1/4,
96C6L:< 6B C-##B ?3/2/HB/CH/
CJ- CNCH#3C 4 6JHC H-#/B
#CHCN@ 2 /3/B JH/4AC H#2#K/C#
K//2/HN 9H-# 264, ,6 /H-#
HH#38HC H6 B#H# 4J2#B.86L#B#
8B#.#2#H/64 B#CC #M## # #K#4
BJ/C# 3/CC/2#C:< 4 #K#4 /' H-#N 6
H-# 36CH 3BH/2 C8##-#C 6'
L6B1 H-#NAB# J42/1#2N H6 -4,# H-#
6K/#H 2# #BC 2/1# -BJC--#K 4
24# 6' 86L#B< -H LC 4#L
4 B686K< # #,4 L/H- 8B63/C#C
-6L#K#B LC JH/4AC -N8#B.K/HB/62/
6' ?#JH/'J2 'JHJB#@ & 8B6C8#B/HN
H64#< HAC -B H6 /3,/4# #K#4
4 -6JC/4, '6B 22 264,C/ #
642 BJ38 #8/H/4, 4J2#B
''6B 2# -#2H-B# 4 # JH/64<
HH1C 64 JCC/ 64 /,.CB##4
-#4 -# ,6H 6L4 H6 L-H -# B#2/C-#
/C82N< -/C ?CB#3C 6' 34
36CH K/ #6 8B#C#4HH/64 6' JCC/AC
#C8#BH# '6B B#C8#H 4 CJ- 3#4
4#L -N8#BC64/ 4J2#B L#864C<
4 # K#BN 4,#B6JC@<
4# ,B8-/ #K#4 C##3# H6 CJ,,#CH
4J2#B CHB/1# 64 26B/ < JCC/AC
-# JCC/4 3# / #BH/42N /
L#22./4H#4H/64# #''6BHC H6 4#,6H/H#
H-#/B #CH H6 /,.J8 H-# C8##-AC /38H 64 3#B/ C/ 634
L/H- #CH#B4 86L#BC - 64C/CH#4H2N ##4 C8JB4# -# B/2# D
6B61-6H6K /4 2 O##B 96-:< 633#4HH6BC 22 #2B#
H-/C L6J2 31# H-#3 C/H J8 4 2/CH#4< /C J /#4# 288# /H J8
H-H H-# - ##4 ? # CB# @ N H-# J4K#/2/4, 6' H-# 4#L
& H-#N ,K# -/3 64# CH4 /4, 6KH/64 'H#B 46H-#B<
L#864C< ?/ H-#N L1# N6J J8 BJ38>@ C1# 2, 1##K
-#C# L#864C 6 /4 ## 86C# C#B/6JC 4,#BC C/ #B46H
6.4-6B 6' JCC/4 H21 C-6L< HJ22N 36CH 3#B/4C
B38#B /4 H#B4 93JB,:< -# 4J2#B.B3# HHJC.F
B# 36B# 6H-#B# N H-# 22#,H/64C 6JH 6C6L 3# 2/4, /4
CJ8#B.H6B8# 6 L-/- 4 B#86BH# 2N HBK#2 H 77)38- 6J2
H-#/B #2#H/64< 4 'H H-# 36B4/4, BJ38 LC #M8#H# H6 B#H
H6 H-# B#CC -# LC JCN #,/44/4, -/C HB # LB 64 JB68#<
HB/,,#B ?3#,.HCJ43/@ H-H L6J2 C#4 L22 6' LH#B )PP
6 H-# B#2 #''#H 6' JH/4AC C8##- LC H6 31# JCC/ 2661 2/1#
3#HB#C -/,- C3C-/4, /4H6 H-# 6CH< -# 4#L K4,B
6BH- 6B# ? L#1 6J4HBN L-6C# 642N HBJ38 B /C 4J2#B
3/CC/2# /C 2J4-# /4H6 H-# 6JH#B H36C8-#B# 4 BC-#C 1
L#864BN@< #4L-/2# H-# B#2 H-B#H H6 CJ8B#3N L#4H N
H6 BH- H IP H/3#C H-# C8## 6' C6J4 < K#4 36B# -/22/4, LC
J4B#3B1# C/ M/3 BJ 62NJ6K /4 -# 6C6L /3#C< 4
H-# 446J4#3#4H 6' 4J2#B.86L#B# BJ/C# 3/CC/2# L-/- -C
H-# L##1 'H#B JH/4AC CB#.BHH2/4, -/4 C/ /HC #'#4# J ,#H
8BH/22N J42/3/H# B4,# 4 /C /386CC/2# H6 CH68< JH H-#B#
LC 2/HH2# 6' CJCH4# /4 JH/4AC ?B,, 6/6@ C/ 3#C
L/22 B/C# $<7; 4 B#- "7E+<)4 /4 IP7$<
7E B- IP7$ /; ,/, -A A&(< F(-A ; (A < , /-E -A(/-+ 1/+(A(< - AD;A& ;D,1 ,(-(<A;A(/- & #(-++H
<&(-%A/- /- (A< & F< A&
#/D- (A< # A <( E( 5 ;&, (E ;H ; </- A&A ,(++(/-< /# , ;(-<
& A+-A(5 /;, ; ,;(- % - ;+
E/A #/; &(,5 ;D,1:< /-#(-A< <H
/&- ++H & (-<A(++ </, ,(+(A;H
&(< A/+ ;- #/; &/< (< +,/<A
<D1 ;&D,- <( E( *</- ((<(1+(- < &(A /D< &( # /# <A##
/H5 &< A(E +H F +/, - ; <( -A ;D,1:< 11;/E+ ;A(-%<
, +/;, - (</; ; A&;/D%&/DA
;/< F& - /-%; << 1<< ,)/; AG
DA5 DA A& (++D<(/- /# <A(+(AH &<
&(< ; ; " (- ; + <AA - 1/+(A(< "
- <&AA ; H <A;(-% /# &(%&'
- D<D++H #(-< FH A/ AD;- (A A/ &(<
1;/#(+ 1;AD; < #;/, A& &(A
E-A% 5 < 1D+(- /-%; <<,/D< /E ; A& 1<A # F F *<5 (;<A A/
A ; 5 (-% 1DA< (A 8;D,1 & A&
%/ #A ; /, <A( D< <-+ F<
F/;<A ,1(%- E ;5 - + A(/<A## < ; A;H / /;A ;5 F< <//-(%&A & F< A& %DH <,(+(-%59
! " "
#/++/F H /1 (*< ;D,1:<
#/D;A& /,,D-(A(/-< (; A/; #A ;
DA ,1(%-(-% (<-:A %/E ;-(-% <(
<& ,(AA A/ /D< 1- + A&A <& </, A(, < A/+ 8F&(A
(- +,-- /- /-(A/;5/,5 / %/E ;- ;D,1 - <
+( <9 /- &(< &+#5 -/F- < A& 8;D,1 F&(<1 ; ;9 - &(<
/,1 A -A <A## - A& ; /; + E + /# <A## AD;-/E ; (< &;+H
8<D;;/%A D%&A ;9 <& F< /- /# A& # F 1 /1+ + A/
/-D(E A/ A&A5 &A:< ,/; A& G/D< (< 1;/+H #; #;/,
<//A& ;D,1:< #; 6D -A ;D1A(/-< /# -% ; <( &(+(1 D* ;
/E ;5 ;D,1 ; 1/;A +H F-A< A/ /D<A 8/- < -(-%9 -A(/-+
(- & <&(-%A/- /<A5 /F &(< /-/,( E(< ; ;H /&< D;(AH E(< ; 55 <A ; - * 1< A;H(-% A/ #/; /DA
&< +</ ; <(%- " & F-A -/A&(-% A/ / F(A& A& A; F;
AA/;- H % - ;+ ## <<(/-< F&/, & ;(<(E +H ++< 8;5
%//95 - #A & &< + A (A *-/F- A&A ,/; & < ,H
;D,1 (< /-A ,1+A(-%5 - A/ 1 (A /## ;D,1 A&(< F *
;/++ H AF A(-% A&A (- A& &(A /D< A& ; (< 8-/ &/<
<* &(< < ; A;H /# <AA G (++ ;</-5 /;;( ( < <H
/-+H %; A - ;%H9 - (-% 8 <A(++ &E </, 1 /1+ A&A
A& (-; <(-%+H -%;H - (</+A 1; <( -A -/F ;% < A A&
F-A A/ &-% 59 A:< ;-% <( &;(< (++(II /- 5
- 8/-#( < A/ #;( -< A&A & :< D- ;A(- F&/, A/ A;D<A95
/, - < <1 (+ /D-< + / ;A D ++ ;:< (-E <A(%A(/- (-A/
1/<<(+ /++D<(/- AF - A& ;D,1 ,1(%- - D<<(
<&/D+-:A <D;1;(< <( (& + //F(- (- A& F
/;* /<A5 ;D,1:< 1; <( -H F< +FH< %/(-% A/ D-(6D 5
; 1< +/< ; A/ A& E+ ##( A&(-%< ; +(* +H A/ % A E +//( ;5 8&(-* A& &(A /D< (< (- &/< -/F7 D<A F(A59
-/F(-% A&A & F< A(; + << 8F;;(/;9 F&/ F/D+ (<;D1A
& :<
H-(+ <<D+A
/- <( -
#
!
;D,1:< 1;AH
; +< %(-<A
&(, A +<A
A:< ; +(,
/D; (-<1(;(-%
&(<A/;H
# !
0> ;& CJ0!
-(:< )D-(/; DA(/- ,(-(<A ; ; -A+H (<,(<< ;F(-:< A& /;H /# E/+DA(/- /- A& %;/D-<
A&A 8-//H (-+D(-% /D; - <A/;< &< <( /; F;(AA - A&A A& H E ; <F - 1 AD;-(-% (-A/
&D,- (-%95 &(< (I;; <AA , -A (< )D<A A& +A <A -A('<( -A($ <+E/ A/ /, #;/, , , ;<
/# -(:< ;D+(-% (-D -A(/-+(<A &;A(H -A ;AH 2
3 <H< &<&( &;//;5 <A H ;
)<A&-:< DA(/- ,(-(<A ; +(, A&A /F< ; A& /-+H -(,+ A&A (-&+ < - G&+ <
/GH% -5 < -(/; )D% (- A& <, <AA +(, A&A -(:< -A(/-+ (; A& 1 /* F< 8+(# +/-% +(A 9 A&A (,1; %-A < A& 1 & - H <& (-% A ;5 ;(, (-(<A ; ; -; /(
&< -/D;% A&(< H-(+ <<D+A /- ;A(/-+(AH < 1;A /# &(< ##/;A A/ 8A;-<#/;, < D+; -(
(-A/ (-D <AA 95 &(,< +# /- +(, A&A %+/+ F;,(-% F< 8)D<A <AA /# ,(-95 A:<
1+H 1; <<(-% A; -5 8& /<D;-A(<A - AE(<A( <AA A&A A& F-A< A/ ; A F/D+
+//* -/A&(-% +(* A& /- A&A , -( A& <( -A($ <D1 ;1/F ; /# A& -( -A % 59
/; +,/<A A&; H ;< -/F <H< - (+-* ,-H /# D< &E - F/- ;(-% F&A (A F/D+
A* #/; 1D+(-< A/ AD;- %(-<A /-+ ;D,15 & H:E <A// H &(, /## ;(-% 8/-+H (</+A 1;/A <A9 A&;/D%& A& ,/<A GA;/;(-;H A+/%D /# /DA;% <5 ;D,1 &< (-A ; +( &;A ;(< G(- (,,(%;-A< < ;1(<A<= - & ; /<A(-% /# < GD++H <<D+A(-% F/, -= (; A ;(<A
/,, -A< A/F;< # ;+ )D% = 1( /## 1/;- A; << /E ; - ++ % ##(;= (-<D+A ;(A(- /A& ; ++( <= <D11/;A -A -(A D< /# &(+ ,/+ <AA(/-= AA* A& = -
# - F&(A <D1; ,(<A<5 ++ /# A&(< F< 11; -A+H #/;%(E+ 5 DA -/F A& 1; <( -A &< $-++H
;/<< A& +(- " H 1;/1/<(-% A;(##< /- #/; (%- <A + - +D,(-(D,5 A &< 1;/,1A 8#D++'<+
; ++(/-9 H &(< /++ %D <5 & /-< ;EA(E < (< &(- ;D,1 /- A&(< (<<D 1/++ +<A
H ; #/D- /-+H B?4 /# 1D+(- E/A ;< & 1/<(A(E E( F /# A; %; , -A<5 DA 1D+(+F,* ;< ; -/- A& + << -%;(+H $%&A(-% A& ,/E /- &+# /# A& (; D<(- << * ;<5 A &<
1;/E( <A;* (++D<A;A(/- /# 8A& GA -A A/ F&(& A& /-%; <<(/-+ <1(A ;D,1:<
1/1D+(<A A+* &< - F&/++H'/F- <D<((;H /# /;1/;A , ;( D- ; ;D,195
8& - F ; F (+(1(-/< +<A A;D+H 1;/D79 1 *(-% #/; ,H< +# <H< <; ;-*+(- - (A F<
1;/+H ;/D- CJJ. F& - /G(-% + % - --H 6D(/ A//* &(< <(GA& - < E -A& F/;+ A(A+ <5
8;/F(-% D1 & ;(-% #/; (%- ;<: )/* < /DA , + ;/<:< <&/ /++ A(/- ; E ++ (- A& < -<
/# -A(/-+ (%-(AH 6D(/ ; <A/; 59 /F +< & :< 8)D<A -/A& ; 1/+(A((-9 F&/ &< A&;/F&(< <D11/;A &(- /D; DA/;A( 1; <( -A /;(%/ DA ;A 5 /F < (A <&/D+ /, A/ A&(<5 & /D; /1+ /F ; ; E/+DA(/- /# 0.!? /E ;A&; F < /# (AA/;<&(1 H ;(-- ;/< A&
&(+(11(- < 8<A// < /- /# ,/;H A/ A& -A(; F/;+95 &; H ;< #/; A& ,<<;
(- (--, - 6D; F 8<A// (- A& <A; A< - <A/11 A-*<9 - /D; 1;/A <A< F ; &(+ < - G,1+ /# A& 1/<<(+ 5 A </, BJ H ;< +A ; A& --(E ;<;H /# A&A D1;(<(-% &< /,
-/ ,/; A&- - /<(/- #/; 8(AA ; /+ , - A/ &;-%D H/DA& /- &/F A& H / -/A *-/F &(<A/;H95
//H F ;< H ++/F A& /+/D; /# A& ; E/+DA(/-5 (+(1(-/< ; 8& (;< A/ <(:< %; A <A ,/;A(
+ %H95 <1 ;A +H - A/ 8; 11;/1;(A 9 A&(< (-<1(;(-% 1;A /# /D; &(<A/;H5
, %A% @(=$,*8= %=8 %*=, =B,
=D.8 %8 .7,(D =,, 8%).(%8=% ,7%*"
=, *B 8=@D =#7 )D =@((D A2
7%=%,*((D 8@778 #A * (88
8 #A%*" %=#7 =D. - %=8 B#%#
,@78 B#* =# ,D68 %))@* 8D8=)
=='8 %*8@(%* ((8 %* =# .*78 (A%*"
%= @*( =, .7,@ *D %*8@(%* = (( ,7
=D. ? ,*%=%,* =#= ..78 /,=* %*
@(=#,,0 B#* =# ,D 8=,.8 .7,@%*"
*,@"# %*8@(%* ,7 8=,.8 78.,*%*" =, %=
.7,.7(D * B#%# %8 ,=* (%*' =,
(%8=D( =,782 # A8= )&,7%=D , =#,8
B%=# %=8 ,@= +E1 7 %"*,8
8 #A%*" =#%8 (==7 ,*%=%,*2 @= 8
,* =#%7 *(D8%8 , =# )%( 7,78
, =#,@8*8 , @(=8 B%=# %=8 %*
*%*A% =# @=#,78 , =# *B 8=@D
#A 8@""8= =#= %= %8 ),7 @7= =,
%A% %=8 %*=, A 4(@8=7852 #
78= , =#8 8A7 @=,%))@* %=8
,778.,*8 =, =D. - B#%( =# 78= 7
48@=D.85 , =D. ?2 B, 7 4)%(5
,7)8 B#%( =# ,=#78 7 48A75 *
%8.(D 8,) , =# 8D).=,)8 , =D. -2
#%8 %"*,8=% 7*)*= 8D =#
787#78 %* # *= B,@( *(
=7=)*= =, ,) ),7 =%(,7 *
#(. ,=,78 %*=%D .=%*=8 = 7%8' ,
8.% ,).(%=%,*8 8@# 8 %=% D
%882 ,BA7 ),7 787# %8 8=%((
* =, 8=(%8# B#=#7 =#%7 *%*"8
..(D =, *,*$*%*A%* .,.@(=%,*82
%*" (%* ,8*6= *887%(D )* D,@
*6= 4852 8)(( .7,.,7=%,* , A%8@((D
%).%7 .,.( 7 ( =, @%( .%=@7
, =#%7 8@77,@*%*"8 @8%*" .7,88
8%)%(7 =, =#= ).(,D D =82 *,B*
8 #,(,=%,* %= %*A,(A8 )'%*" 8,@*8
@8@((D ),@=# (%'8 * (%8=*%*" =,
=# #,8 7= B#* =#8 BA8 #%=
*7D ,&=82 ,) 8'%(( .7=%=%,*78
#A ,) 8, .= = @%(%*" .%=@7
, =#%7 *A%7,*)*= @8%*" #,(,=%,*
=#= =#D * 7% %'8 ,* @*)%(%7
.=#82 ,B *B 8=@D #8 "%A* 78# %*8%"#= %*=, #,B #,(,=%,* B,7'82
87#78 = @7#) *%A78%=D 8'
%"#= #,(,=,78 =, =7D =, == -:2 ) %8 .,8%=%,* = A7%,@8 *"(8 )=7 BD2 #* =# %8 B8 %* 7,*= ,
=#) =#D (( )*" =, (,= %=9 =#%8 ((
=, E1 B#* %= B8 8(%"#=(D #%* =#)
* E1 B#* %= B8 7%"#= #%* =#)2
# 787#78 ,@* =#= B#%( =#D ,*(D
* ,* ,7 =B, (%'8 =, 48.,=5 =#
,&= B#* %= B8 %* 7,*= , =#) B#*
%= B8 ),A =, =# 8% ,7 #%* =#)
=#D @8 ),7 * (,@7 (%'8 /8 =8
,02 # 8=@D68 ( @=#,7 7 ,7
#(7 8% =#%8 %*8%"#= 8#,@( )' %=
8%7 =, =# ),7 (%* .,.( =, @8
#,(,=%,* 8 *A%"=%,*( %2 4=68
A7D (7*(5 8# =,( # @7%*2
7,,= #* =, .%' 7%=%*68 A"
,,=8 ),(( ,* =# #@)* #*
,@( 8,,* .(,D ,* 7%=%8# 7)8
=, .%' @(%(,B78 * ,=#7 A"=(8
7.,7=8 # %(D ("7.#2 7A8=%*"
@(%8 %8 *,= 8=7%"#=,7B7 # #
)@8= 8888 =, *8@7 =#= %= %8
8@%=(D B#%= * ,).= * =#*
7@((D .7%8 7,) %=8 8=) B%=# B
,@=7 (A8 8=%(( ==# =, .7,== =#
# @*=%( %= %8 7D =, =2 # #@)*
#* %8 .7= ,7 =#%8 =8' B#%# %8
B#D )*D 7)78 .77 =, #A %=
,* )*@((D * B#D 8%*=%8=8 = =#
*%A78%=D , (D),@=# 8=@' (,8(D =, %=
B#* 8%"*%*" 7,,= 7.()*=2 #%7 @))%7) @77*=(D %*" =7%((
%* ,7*B(( #8 &,%*= 7)8 )78 * 8*8,78 %* %=8 4%*"785 B#%# *( %=
=, 8888 B#* =# @(%8 7 7D2 * %= %8*6= ,*(D 788%$.%'7 #% 8%"*7
7 7=%* =,(* 8D8 %= ,@( @8 =, #7A8= ,=#7 A" * A* 7.@7.,8 ,7
B%*"2 ,7 7)78 =# =#*,(,"D ,@( =7*8,7)=%A2 7A8=%*" 7.78*=8
@. =, #( , =# ,8=8 , 788% .7,@=%,* * B%=# 7C%= ..7,#%*" =#7 7
,*7*8 ,@= 8#,7=" , #. )*@( (,@72
,@=%* 87*%*" ,7 .7,8== *7
.7,@8 *, %87*%( *=8 * )D
, #7) 8=@D , ),7 =#* !EEEEE
)* %* =# #8 8@""8=2 @77*=(D
)* ,A7 E 7 *=%=( =, 73@8= =8= B#%# )8@78 (A(8 , .7,8==$
8.% *=%"*8 %* =#%7 (,,2 (A(8
7 7%8 =#%8 * 8%"* , =# %88
* .=%*=8 7 =#* "%A* %,.8D2 %=#
--EEE )* D%*" , .7,8== *7 #
D7 %* =# =#7 #A * ((8 ,7
@(( 87*%*" .7,"7)) @= =#
B%8,) , =#%8 #8 (,*" * =2 ,=
,*(D ,8 =# =8= )%88 8,) 8=$"7,B%*"
*78 %= (8, (8 =, )*D .=%*=8
7%A%*" =7=)*= =# 8% =8 ,
B#%# %*(@ %).,=* * %*,*=%**
,7 8(,B$"7,B%*" =@),@78 =#= 7
@*(%'(D =, #7) =#)2 ,7 =# (=8=
787# :> .7=%8 B7 8'
%=#7 =, ,7 =8=8 =, (( )* "
E$;+ ,7 =, 77D ,* "%A%*" =#) ,*(D ,*
73@8=2 #* =# 78@(=8 B7 ,).7
=* D78 (=7 =# =) ,@* =#= B#%(
8(%"#=(D #%"#7 .7,.,7=%,* , )* %* =#
87*%*" "7,@. # * %"*,8 B%=#
=# *7 /!2>1 8 ,..,8 =, >2;10
=#%8 %*6= = 7=8 , =# 7,) =#
%88 B#%# B7 =#7 .7 -EEE %*
,=# "7,@.82 4# =8= %8 (@*= =,,(
)%88%*" =# 8@=(=%8 , =# %88 *
@8%*" #7)5 8% 7 %#7 ,,.
, *7 87# B#%# @* =#
8=@D2 4 * =, A(,. ),7 @7=
=,,(8 % B B*= =, 8A )*68 (%A825
( , @(=8 (%A =#= 8=788 @88
*7 (=#,@"# ),8= 8=@%8 #A ,@*
=#= %= ,8 *,=2 D ,*=78= ),7 =#*
#( , @(=8 7 @*B7 =#= .7,88
)=8 * (' , C7%8 * %*78 =#
7%8' , *7 ,@,A .,(( #8 ,@*2
> **'45 4 "$99$(! 9" *99& $(
&4'$(! (;'450 4,*49 > 9"
*>& *&&! * 5>"$94$595 "5 *;(
9"9 **'45 -4*;!"&> $( 5 9"*5
*4( 9=( +) 7 ( +)7 . 4 59
*'$(! 9" 35 &4!59 !4*;, *
,4*&' 4$(%450 ( :?+7 9"4 =4
:? &*"*&#4&9 9"5 '*(!
*<4#?5 ;, / 5$( :??+ ="$&
*4 +# )5 9" 9*9& 4'$( 599$
9 :++0 (> '*4 *<4#75 4 &5*
$(! '$99 9* "*5,$9& =$9" &*"*&#
4&9 *($9$*(56 9" ,4*,*49$*( *
'$55$*(5 '*(! >*;(!4 ,*,&
> *(9459 $5 &&$(!0 13< !*9 9"$5
,*,;&9$*( 4*;!"9 ;, $( 9"$5 <4>
$4(9 9$' ="( >*; " <4> &$4&
;&9;4& $(&;(52 5$ 4 *(> *
9" 4,*4935 *#"$40 5 45;&9 '(>
4$(% 1"$( &*5 **4520 =4(
9"9 ,4*&'5 5;" 5 "49 $55
(4 ( '(9$ =*;& 4, ;, *(
9"$5 '*!4,"$ 5 9"> (94 *& !0
-: 7# ?E- & $ *#- $&) $&" ## & $ - $ ) & $)" +*# -) $ & $ &$ #$$
- &$ -) - * # +& ,&# # $ - + -) & # - +& )&$ - # )& - '/ # (/! #& # $ $ )& &&
),)#$ # ,& ,)#$$ $#!
#$ -!
& # $+ $ # #$ $ &+ )&$ $# # )&$ .)# #)$ ' $ $)&
& *&-! & # - #* & # $ - & $ )# -)#
#)$ -! )& *#$ - #)$ )#&!
% ) $)# ,# " (& (!.
!* +& +.!
% * % " # + &, " ', #% "# "%("# %*
" ', %" ',! " ( %% "# # # )#% ***! "(##!! "% ! (% # ' ")*# # ' " ',!
*" +
3?3I 1 ?*,1)D31 D3 > DG>1
3D /3D *55 1? ,1 /,?G>K8 1D,/ /?D
D3 G??, D 1 ;?/ 5 >?< 5DG> ,1 D*
I . D* /3/ 55 > I? 5> 3G5, 6031) D* 0 D* )/03>3G? 11
I,D* /3I+/ H / D* $D 1 5/1? $3> 1 I
*50178 $D > 1 J*1) 31 D*
D>053/,1 1D> ?, 3 *GD ,1 *
>G1IK D , 11 ,>53>D * I? '3I1
G1K / )>5*8 3I D*,? D>19G,/
D3 D* 8 * 1 JD K > * 3G)*D *,?
D* >/ ,DK %1? ,D? /$ D D* 1D>
CFAMMMM *3G? ,1 /,?G>K I*,* *
3$ 1 ,1D >1D,31/ ?5K >0 I3>D*K
?*> I,D* *,? I,$ ,G0,/ G1D,/ * >
3$ 3*1 / >>! $3//3I,1) D* DD 05D D* 55> 1D/K $>30 1 > ,1 FM4F8
????,1D,31 3$ D* G??,1 3G/ ) 1D
>) , .>,5/ 1 *,? G)*D > G/,
1/,. / J1 > ,DH,1 1.3 # D* > 0/,1
K G1.13I1 ??,/1D? >0 I,D*
>,D, I*3 , $D > >,1.,1) D / /K 1 >H ) 1D8 * 5,> I >
I,D* 53/31,G0 ,1 FMMA # .>,5/ . 5D
$3G1 ?/G05 31 1* 3GD?, /3I 5>3%/ 8 D *? 1 ?G)) ?D D*D
131 ?>,5D ?*355,1) 1D> 31 ( >*
1 >G?* D3 ,1D 1?,H > 8 53/,
* I? ?D,// ,1H3/H ,1 ?5,31) GD D*
H, 1 $3> D*,? ,? 5D*K8 /D >1D,H /K
3$% > I*3= 30 D3 D* ,> , 1 H,?,D *,? 53,?31,1) 3G/ *H 1 > H 1) DD. K D* > 0/,1
.>,5/=? *3G? ,1 1 >K G/+ +? I? /?3 *3?5,D/,? 8
3> 31 3$ D* ) 1D? D*D * D>K ?, *G1 /. > ,1
1 D*,? I . *G1> ? 3$ 5 35/ I*3 0K *H 30 ,1D3
* G>,18 GD ,$ ?3 I*K , D* K 3 ,D 13I I* 1 ,D I3G/
31DD I,D* D* 5,> D*D K I > /D /K H,? D3 I?*
*H 1 ?, > D3 .,// *,0 ,1 G??,1 -,/: 3> /,. /K D*
D* ,> /31),1)? ? ?3> ? 3$ 53/, 1 0,/,D>K 5 >?311 / ,1
53,?31,1) I? ,1D 1 ? I>1,1) D3 3D* > G??,1 ) 1D?
*L0D 5>3D D,H ?G,D? ? 1 31 D* H 1G ? D* K * H,?,D # /3/ 0 D >K I* > .>,5/=? I,$ 1 ?31 > G>, ,LL, # 1 ,1 5>D,G/> D3 D*3? I*3 0,)*D D 05D D3 D/. 3GD
3?3I=? // ) 0 /,1) ,1 D* / D,31 D* 3?D 3$ D>K/
> ?DG>1D 1 * ,// 5G8
,? 13D -G?D K3G> /,$ GD /?3 D*D 3$ K3G> /3H 31 ?8 G??,1
/ >? *H 1 .,//,1) D* ,> 1 0, ? >3 ?,1 /31) $3>
$ * .1 I *,? /,$ I? D >,?. .>,5/ ?*3I /,DD/ ?,)1 3$ ,D ?,
>3D?.K )3D 1 , 5,. ,1 D* * ?, 1 ,1DK> ,1 *
0, 3I> ,1 * ? >H >8 /,H G1 > *,? 3I1 10 ,0 ?8 * D* > 3> 13D * *? *,0? /$
* > 1D/K 1 ? 1 >,1.,1) ,1
3> > 1K .,//,1)? /,0,> GD,1
D* ,/IK ?3,/ /G 1 /33. *? 0 ,D / > I*D * D*,1.? D>,D3>?
> /J ? * 3G)*D ?>D* >?
1 ?G?) ? $>30 *,? /3/ 3>1 >
? >H 8 ;>,D3>? I,// .,. D* G. D<
* ?, ,1 FM4M # ;D>G?D 0 8< *D H >
?*358 GD ,1D //,) 1 J5 >D? /, H
;EM 5, ? 3$ ?,/H >< D* K )3D $3> D* ,>
D*D I* 1 *,? G)*D > / $D 3?3I
D> * >K ;D* K I,// *3. 31 D* 0<8
/?D 031D* D3 H,?,D * > $D* > ,D ? D 3$$
1 G??,=? ;53I > 53/,D,? I,//,1)1 ?? D3 .,// D*3? I*3 D>K
> ') ?, * ,/K / )>5*8 *,D ?9G ,? D*3G)*D D3
,? 0>. 3$ ?D> 1)D* 1 IK D3 1$3> ?G0,??,31<8
*H )3D 31 5/1 D* 1 JD K8 D=? 13D / > I*3 3> > D*
?D>,. GD ,D=? 13D *> D3 D*,1. 3$ 53??,/ 03D,H ? $3> ,D .>,5/
GD ,$ GD,1 I1D? ?30 31 * 3 ?1=D *H D3 ,??G 3> >?
* D>K *,? 3G1D>K 1 ? D* ) 1D? 3$ D/,1=? 3G1D >+
?, * ,0 ?8 0 > /K *? D3 305/,1 3GD ;0 / ?30
,1D //,) 1 G1,D 0 >?* G? D3 ?K ; D* D3 ?5, ?<8
5>, ?D< 1 ?331 > 3> /D > D*D 5 >?31 I,1? G5 8 ,$D 1
3$ *,? 35531 1D? *H , ,1 0K?D >,3G? ,>G0?D1 ? ,1
3/31 / ,1 D* # G??,1 0,/,D>K ,1D //,) 1 # .>,5/
>,D,1 ,1 D* 5?D $ I K >? ,1/G,1) D* $3>0 > ,//,31,> 3>,?
I? ?53DD K 51,?* ,1D //,) 1 ,1 422& I*,/ ?DD,31 ,1
> L3H?.K $3G1 *1) D *,? *30 ,1 FM4E 1 D* I*,?D/ +
5,1 GD *1 D3 A8 H > D* 1 JD D* G??,1
/3I > / J1 > > 5,/,*1K I*3 3//5? 1 , ,1 FM4F8
63 +10 ;3>D*I,D*<7 0 D*3G?1? K ? //,1) ? > D?
*3? *,1 ?G* .,//,1)? *H /,DD/ D3 $ > 1 0G* D3 ),18
,1/G,1) D* 10 ? 3$ 3L 1? 3$ D,H ) 1D?8 1 FMM( *3I H >
1> K G)3H3K ,DH,1 1.3=? ?G?5 D ????,1 ,? 13I 1 03/ ,1 D* 51,?* ? > D ? >H, / >D 3?3I 1 .>,5/
1 1D,31/ * >38 3?3I 0K 5>3D ?D ,D? ,113 1 GD ,D=?
I? >> ?D 8 D D* D,0 3$%,/? 305> *,0 D3 D* 13D3>,3G?
D //,1) D*D /?D I . 1 1*3> 31 G??,1 ?DD /,?D D*
3G/ ) 1D / ) 1.3H?.K I*3 I? J GD ,1 42AE8 D
IK? ,1 I*,* D>,D3>? 1 , # ,1/G,1) ?G,, 1 * >D
.>,5/ I? ? 1D 1 D3 > /D,H /K / 1, 1D 4E K >? $3> D> ?31
DD.? # 1 3$$ > G5 D*,? H, D3 1K31 31D 05/D,1)
6*,? , D ? 0K *H 1 0,D,)D,1) $D3>78 1 FM4M * )3D
?G* > > ;31=D *33? >,D,1 ? 5/ D3 /,H 8<
/G.K ),1 I* 1 * I? $> ? 5>D 3$ ?5K ?I5 )> K
&2; $(= 2 3
2:$ 77 ;3 $%(37
37 3 (>27 !& 7 32
;!&&!& !$% :23!(& ( 72
213 *$= - & !3
97(!(2*= 7 (%*(32
<*$!&3 77 7 !$%13 !27(2
!$(4 (2%& 3937 (:2
$9& 77 %!7 2!7
(2 7 2($- $(= 2 ;3
3( 392*2!3 *2;& ;&7
(;& 7 ;2(& ;= & $- /=.0 :&79$$=
3#- / 2 =(91: (7 (9$
4@ >* FM4"
7%*20 (2%& 2*$!- /&
=(91: "937 $ 2!$$!&7$= ;&7 =(9 7( *$= =(923$-0
/97 7 #77$ (& 9% 1%
2!&!& 32 (%0 3!
2= $%& 3 *!# 9*
!3 %= ;2 $37 ;#& !7 792&3 (97 7= ( !& 7
32 (%- 7(2 2;
9* (& 3(97 (&(& (9&!$
377 97 8? =23 ( %(: !3 %(72 7$&
+$7 ;!7 $%&, 2(% ;
2(33 7( - 2!!&$$= 3 2 (;& $7 97 ) %(&73
( 7 ' =2 ($ %(: !&7(
7 (93 2 3(& 323 ;!7
!3 !7 ;! !3$ %!7- /
93 7( 7$$ 2= 37(2!3 (97
$!:!& !& (&(& 92!& 7
2 & $!37&!& 7( 92!$$
(& 7 ;!2$330 7$& 7($
> %!(= !& 7 !$=
!$- /( 7( : !% ;!&
(2 *(272=!& 7!3 27 %&
% % :2= *2(9-0
9 2&7 3 (%
72 (2 7 !7 7!%
(2!& 7( !3 < !2$2!&
$!>7 92$=- 5 =2
($ 7(213 !2$2!& &&
237!& +;!7 ;(% $2= 3 7;( !$2&, !3
$!: 7( : !:& !27
$37 ;#- / ;3 (:2 ?
;& 3*;& 7% $$0
3! 92$=- /13 &
&&7!& --- :!& 73
#!3 3 72&3(2% !% 2(%
:2= %!32$ *23(& !&7(
!2$= %!32$ *23(&- 713
!%*2(: !%-0
A2 -A' 0" >' 0A.>9E8:
'9 C: 6.0 :'09>& 0"
A:).:: ,)> ). >' )>F(9,>0.
9 92>:7 "09 A) 90C.
). )E'7 . ).8> ,> >'9). 0'-- ). ,-.
&0 A.>), ' ' 90B9
C'. ' B):)> 9)>). ,:>
),,)0.: 0" 0,,9: >'> >'E '
C+ :) )- .&A2> ).
,,&,E -FF,3 E 6-A:>
' .2..>3 6A.' C)>'
:>02 >'): :'-"A, +0C>0C).&
>' A. C: "0,,0C E
>0 . A:)B A.-09>)
)..9 C)>' 9). '9,: .
9&)-7 :) )-0. ):,, ).
>' A+ 0" -9)&37 A>
' A9).3 > '0- >' 69, A:).::7 >00+ 2,
): )>>09 C'0: 0220..>:
C'. : ' ): +.0C.
9 )-29):0. . >09>A93
' > C)>' '9: E ).
90 ' ): 69+,::7
0C.).& >9>3 ' ?@(E9(
&&9::09 C'0 ': ,A.'
0, 29). .0C A) 9)8:
-A990A: ).>9B.>)0. ).
"">)B 9A,9 ): 99E).& 0A>
-.8: )B), C9 A:).&
0>' :0), . 0.0-)
9)>):'(- 9-: . C'0
9"09-: '): ):)0. @G?G
! ': )-20: ,0+ 0.
).B0,B: 9>).& .C $GG.
>9 6. )-209>.> :>9. ,,E73
-&()>E 0. >' 0:> . >A9.).&
>' .>)0. ).>0 &,0, >9 'A3 6. >'
0.8> ,):>. >0 >' .E:E9: :) 0'. 3
:>.: >0 &> :,) 0" >' 0--9),
9,E ). ' 2>>093 9: ,)+ >)0. ! B9E C,0- 00:> > >)- 0" 2
9 >' :> '02 "09 >' ), :>3 "
A.9>).>): 0B9 9D)>37 ' 6&9> 29)F7 ):
0A9: '8: .0> -09> 09 ,)9, ). >'
>' %0>>)0. 0" 9-0 >' &).> A) :>> 0),
:>9. -0A,3 A> >' 9 29).& ': :'0C.
0-2.E C')' >' )>E B9E -A' '02: C),,
>'> >00(:A. 20,)>), 9"09-: ). >' 9&)0.
>+ 2, 0. >' 0.0. >0+ D'.&3
, 6).D09,E >0 '0: . ,00:'73
)9,):>)0. . 0.,E '22. :,0C,E ).
' 9)- ).):>9 :'0A, >').+ >C) "09
,0+:>2 C)>' :>90.& 0.0-) 290&9::3 9)>).
'A&&).& >00 ,0: :) '9):>02'9 ': B9E ).>9:> ). :A2209>).& -09>
,,)&A ). ' 2>>093 ': ). :0-
9:2>: ,)9,): A) :0)>E3 ' 90, 0" >' 0A>C9(,00+).& A) 9) :) ' ),E
,&92'3 ' 0A.>9E ): B9E )-209>.> >0 A:
9,)&)0A: 20,) ': . :, +3 0-.
6: ". 29>.9 -9+> :A:>.>),
C),, ,,0C >0 9)B "90- >'): :A--93 ).B:>09 . : A,C9+ &).:> >' :,-):>
': 290-): >0 290-0> 0.,E -09> :,-3
D>9-):>: C'0 C0A, 0 A: ,, '9-73 > C:
A> ): ,:0 6. 0,(":')0. :20>7 C)>'
4A)> 9)&'> >0 C,0- 6>0 0A9 :'09:73
6,)-)>,:: 9)"73 :> 0B-9 ' 6,0+
"09 .C '0):3 A>>).& A2
' 900-: 'B .
&90C. '), ,:0 6",: >
909> ). &90C.(A2
:0- 2 ,B, ,)+ "),A9
0,0A9: >' >0E: 'B
"09 ,, 0.9.7 B. )"
. 'A+ 0A> . >'
>' 9:0.: "09 )> ! -).,E
C:').& -'). ): 6,)::"A,,E
).:A9 -2,0E-.> . >'
A.9A:7 :) B0..
0:> 0" '0A:).& ! 9 E0.
09>: ). ' :9B93 .
0A9 0.>90,3 6 4A9>9 0"
>'. *A:> C'. E0A89 :>9>).&
E0A.& 9)>):' A,>: .0C
>0 .*0E '),("9 '0A:
,)B C)>' >')9 29.>: -09
>' .:> #,,: &).3 09).&
>'. > .E >)- :). 909:
>0 .C :>AE E >' 0.0.
&. ). 1/<<37 '>8: .0>
'00, 0" 0.0-): A,>
',>'E :)>A>)0.3
'),9. C'0 9>A9. >0 >'
"-),E '0- ">9 29)0
,, - 0A> )> :) -: 99)0>> ).
CE ! 0">. > A.)B9:)>E ! A: :)&.)#.>
' )-:3 : @$(E9(0, ,)B).& C)>' -E
,). ). >')9 29.>:8 C,,().&3 '), >'
&9.-0>'9 8- 29> 0" >' 00-9.&
:>AE +.0C,& >'> >': 600-9.&7
&.9>)0. . C'. E0A8B C09+ '9
'),9. . :0A9 0" -0>)0., .
>'90A&' :'00, . A.)B9:)>E 0.,E >0 #.
29>), :A2209> "09 29.>: )> "0A. >'> >'
E0A9:," + C'9 E0A :>9> >' :.:
4A,)>E 0" ,)" 0" >' 29.>: :>A) ",, E .
0" ).*A:>) ): 620C9"A,73 )B).& C)>' &90C.
B9& 0" G3 20).>: 0. >' 9:9'9:8 :,
'),9. -E -. >'> 29.>: 6.8> C.9
C'. >')9 +): -0B + ). ! . "">
90A. >' '0A: .+ 09 ,):>. >0 :)-),9 >0 B,02).& . &(9,> ):),)>E3
> . .>):0), B0,A-7 A> )> 9-2: 0A9 :>E,
>003 -),,..),: 'B "C9 02209>A.)>):
' ) >'> >' . 0" '.:(0. 29.>'00
>0 .&& ). >' C), 'B)0A9 >'> >' E
-)&'> ,)9>).& 6:>),, ",: ").>,E >007
00-9: ) > 0A9 &3 )>' :0 ,)>>, 0.>90,
:) E ).:,)"" ). ' A9).3 A> )>8:
0B9 0A9 0C. ,)B: 6): )> .E C0.9 >'> C :)>
.>A9, >'> 202, 'B -)D ",).&: 0A>
> '0- '). 0A9 0-2A>9: C099E).& 0A>
00-9.& '),9.3 >8: .0> *A:> 0A> 29.>:
:>9> 290,-: :A' : &.9 290.0A.:75
C.>).& :29 900- &). 09 -09 >)-
6'9 ): 29'2: .0
2'.0-.0. C')' 0.>).:
:0 -A' :>9A>)B ",).&
: -09, ).)&.>)0. C')'
29-)>: .BE >0 > 0A>
A.9 >' &A): 0" B)9>A37
%+ %' $ $ #( ' %
6 &00 CE >0 ).B.> >'
"A>A9 ): >0 29)> )>37
'$' ! $ $$+ $ * #( '
($
6A>)"A, E0A.& 202,
9 ).>: 0" .>A9
A>)"A, 0, 202, 9
C09+: 0" 9>37
$ %)' #( '
$ *%$
6. 0" >' 9A,: 0"
,9:')2 ): >'> )> :'0A,
9+ >' 9A,:37
$% $ + $!
6' C),, ,0. ):
,CE: C'0937
$' ('$ #( ' '$' ($
6'. >' 0A.>9E ",,: ).>0
'0: 2>9)0>):- ): 09.37
% !$ ,(
#( ' ' )* %
6' A.)B9: ): A.9
.0 0,)&>)0. >0 -+
:.: >0 E0A37
%'$ !+%%' $%%
+% #( ' $*$" 60:> :A::: 9
A.'22E3 '>8: C'E >'E
9 :A::: ! >'E 'B
>0 9::A9 >'-:,B: E
')B).& :0->').& >'>
>' C09, C),, .0>)37
' $%' #( ' '$' ($
& #& )) # # ' #
#
& & #
#( & % #&
# ) # !) $) ' # 1; 9' @G1
$ ! #
0#9 % 3* @3 )'41 4% +39
%94+* %* # <3%*. #%4 9%) ,; )+*9#4 "+
*"(* # &<49 39%* 9#%3 %? 9%+*4 9%9(
>%9# )9# 9+ 4-3. #@ # >+* (( ,6 494
<*3 9#%3 # +# % +*4 * (++'
+3>3 9+ * 0/<((@ 3+4@ <9<31. <9 9#%3
;;$,7 9 @ 3* (49 9<3@ * 9#%3
#+-4 + >%**%*" 9#%3 4<44%= %? 9%+*4
3+>* * 3(* (%) 9# 9%9(. 9 >4 4+33@
9#3+>' 9+ 09# +( @41 + *"(%4# 3<"@.
#%4 >4*29 &<49 9 4% (%=3 +(9 %* #
%( +* <*@. 09 >4 4(+> 9+39<3.1 "%*49 *
=3" 3* 4% *"(* -<9 %* 9#%3 >+349
-3 +3)* <*3 +*4 9#@ -(@ 0>%9#+<9
- >%9#+<9 %*=*9%+* >%9#+<9 +*=%9%+*1. #
% 9#9 9#@ +<( >%* *?9 @324 +3( <*+> (++'4 (%' 0 (< @3)1.
+3( <- +*(@ 9+ 4' 93 (+4%*" %"#9
+ #%4 (49 *%* )9#4. 0#3 %4 34+* >#@ #
#4 *=3 (49 )+3 9#* +<3 @34 %* +* &+.1
#* +*4 9++' 9# *"(* &+ # >4
049""31 @ 9# 4%24 (' + %9*44 4% %'
3+*9 %* # %)4. + # %*93+< *>
0?-(+4%=1 93%*%*" 444%+*4. #9 -% + 9
(49 @324 %? 9%+*4 >#* *"(* +*4%49*9(@
4+3 )+3 -+%*94 %* 9# %*( /<393 9#* 9#%3
+--+**94. <9 #%4 4% 3 4939%*" 9+ (++'
0+=393%*1 * )+3 >+33@%*"(@
0+=3+#1. # -(@34 #= +) 4+
<49+) 9+ +((+>%*" 43%-9 9#9 9#@23
%*-( + 3(@%*" +* 9#%3 +>* 0*+<4 * >%((1
=* >#* 9# 99%4 3*29 >+3'%*". "%*49
+9(* * 3* 9#9 >4 -39%<(3(@ (3
%* 9# 3'+>* >#3 *"(* >3 0*"<( 1 @ +* <4%+*.
<9 %924 *+9 &<49 +*424 <(9 4% (? +> %* 9# 4) --3.
*"(* 3 "+%*" '>34 4% <( @>3 %* # <*@
4 *"(*24 #-(44*44 %* 9#%4 3 #4 * 049""3%*"1. <9
("3-#. #%3 (949 (+44 ) +* 9# #(4 + 9 9+
9#924 <4 9# 4/< (( -(@ +3 *"(%4# (<4 >#%# #= ((
+9(* )'%*" 9#%4 9# %349 9%) 4%* ;B,B 9#9 *"(* #=
<9 "%=* <- +)-9%*" 9 9# 3'+>* 4%* 9# 3)%34#%-24
(+49 9>% %* 9# 4) %? 9%+*4. 0+4%*" 9# 9%9( %4 +* 9#%*"15
3<' (> #*" (49 @3. *3 9# *> 3<(4 %924 4%3 9+
(+4%*" 9+ 3* * +9(* >#+ 3 #3(@ "%*94 + 9# 4-+39
+* -*(9%4 %* 9# 3'+>* 4+ %*49 + +)-9%*" +3
%4 =3@ 0+)%*+<41 %*. 4#+<( #= 4* 9#%4 +)%*" 4%
9# (( -(@34 0 * +<9 * (+ <- 9# *4%= (%*1. 924 +) +3@ +* -+39 +*(%*. * #%4 -3=%+<4 &+4 +*4
4939"@ 9#9 #4 +49 *"(%4# (<4 %* <3+-* +)-9%9%+*4.
+ 9* 0"+9 /<%' %)-3+=)*941 3+) #%4 9)4. <9 # 493<""(
0+> %9 %4 +49%*" *"(*.1
9+ 4<49%* 9#9 4<44 # 9++' <493(% 9+ 9# %*( + 9# ;BB:
!
! "
# !
#* 49 ) ( 9 -9+* 3' +3 9# +*+*
+3 (9%*" )+)*9 (49 9<3@ 049 )
9%<) %* ;B,7 )+49 4<--+3934 >3 0<9%+<4(@
49++ 9+"9#3 4 +*1 4% ) 3 9+* %* #
+-9%)%49%1 4% + 9%*3" %* # <3%*.
%( +* <*@. +3 9#%3 :$B (+44 9+ <3*(@ 9
# )+= >4 %(( 4 #* 9+ 0+)-9 >%9#
9# +*+* 9%<) "* =3@ 4<--+393 3+4 9+
9# (%91. %* 9#* #+>=3 #3+*% (' +
)3' 9# ;!9# **%=343@ + +3)3 -(@3 +@
%*=49)*9 %* 9# 93*4 3 )3'9 #4 ( 9 9# (<
++324 9#. <9 93 77 )%*<94 9#9 <*%9@ >4
>%9# * 0<*(*1 4/< * 9#@ #= 9>%
4#993. #* <3*(@ 9++' 9# ( *"3 9 9#
# 9+ 99( 3("9%+*. 924 *+9 &<49 9# 9) 9#9
(<24 +3 ) 9+ +%( 9#3 >3 +<3 -%9#
%4 04<49*31 4% 49 ) * %) 3*4
%*=4%+*45 %* +* * >4 9#3+>* 9+ 9# "3+<*
%* # <3%*. # 49%<) %4 <993(@ 4+<((44 @ 49 ) -9%* 3' +(. <*34 +
0949)*9 9+ 9# #<3%41 + 9# (<24 +>*34.
4<--+3934 9#* "9#3 %* 3+*9 + 9# %39+342
# -3+() %4 9#9 9# "3+<* >4*29 4%"* +3
+? 9+ 0#<3( <41 9 +>*34 =% <((%=* *
++9(( 4% 39%* )<( %* 9# %(@ %(. 9
=% +( >#+ >3 4+39 3+) 9# 49%<)5
<((%=* >4 #%9 @ +%*. * >%9# 4+) 4<--+3934 >4 +3%"%*((@ * 9#(9%4 93' <%(9 +3 9# ;B,;
(@)-%4. # (< +<( %)-3+= 9# 9)+4-#3
*3" @ 9# -3+94934 9# *4 =* +<"#9
@ )+=%*" 494 (+43 9+ 9# -%9# +3 %*49*. <9 9# 49%<)
)+*" 9#)4(=4. 49 ) *+> #=@ %*5 9#@ 3 %*
%4 +*(@ +* + 9# (<24 -3+()45 9#3 3 09++ )*@ %34 9+
,79# -( +*(@ 9#3 -+%*94 += 9# 3("9%+* A+*. +*$
-<9 +<9 9 +*1. +3 49 ) 09#%4 %4 * ?%49*9%( 3%4%41.
"39 (< #4 0-(<) *> -9#41.
% #
<*@ &)60 <9 9$&6 65&6
2+9$&*# * )' <- +5 *
6$+> >$@ 9$ 96)* &6
6$6 9$56$&*#3 6& <(
*+> 29$ &569 *) +* 9$
>)* &* 9$ &(@ &(0 <9
9) 6$930 &* $ >6
9 (69 *#(*46 2(+*# >&*953
5(( (69 <* $&6 695&'%
>&(( (6+ 5))5 +5
59 $6 =5# )+5 9$*
9>+ 2+<969*&*#3 +*%@
5<* -5 ((0 $6 6+5
&*95%*9&+*( ./ 65&6 >&*60
*9<5@ &* $ + $&6 (69
))&9(@ 95 9$ 6$6
9>+ )9$67 &* 9$ & 9$ *#(* 25* * )-$9&
$ 6+5 $<*5 + !
"%, >&*3 &* <695(&0 * (69
((6 9$ 9$&5 6969 @ *@
9<5@ 9$@ 6( * 2=*
*#(* 96)* &* * )+5 )*&*# <(3 :%; 95&<)-$
* 9$ 6969 @ * *#(* +-*50 *
&* > (*0 9 >6 9$ &>&6 >$+ &*6-&5
$5&6 +'6 $6 -(@ * 1<((@ &)-+59*9
*#(*46 5* + ?&9&*# +*%@ 5&'9
5+( 6 +>(5 6& @( 55@ &* $ &(@
* 9$&6 65&6 +* &5) 9$9 9$ 2-<-&(6
(#5-$0 $ -(@5 + 9$ 65&6 &* >
$= &*&9(@ +=59'* 9$&5 )695630 $@
(* $ 2$))5 >@ 6+ <59(@3
$= >+* 9$&5 (69 6&? +*%@ 65&6 2&#
9$9 9$ &>&64 $&#$69 +-*&*# -59*56$&69--&*# 69+*3 9+>56 *?9 @546 +5( <-0
>6 )5 ,;0 +'6 &6 *+> 2*#(*46
+5 (+*# 9&) +**@ &569+> >6 <*(
&*69 >$&9%(( 6)530
9+ 5' &*9+ 9$&6 6& 6& &)+* &( &* $
,6 3# ;B,
! "
% " 5(* 6(
9$ &? 9&+*6 9&9( >&9$ ;% >&* +=5 +9(*0 (6
9 9(@ :%,"0
!
5<6 6$ +5
6+5 9>& &* *$695
*&946 ;%, =&9+5@ +=5
&=5-++(0 *$695 &9@
9 9+' ;%A0
9 9$ (6-5
$)-&+*6$&- *#(&6$ #+( 5
<( 6@ 9 &#5 ++6
@ +* 6$+9 9+ >&* $&6 6+*
+<5 9&9(0
"
% " <-5 #<
(56 9 (*6 +*9&*<
9$&5 -5 9 6959 9+ 9$
66+* >&9$ :A%,; =&9+5@
+=5 55&*#9+*0
"* ( "( )" &
+(" ""&# " (## " # +(" &"( # # & "&+ " ' +" " &(##
+" "( " "
) +"# +" # "!#
) * & )"&+ #&"(
& + " " &
" & # &" " & #
07
$) ,
$, !$) 6+"&
+3 %"$",
,3+4"4 61 &'1!+
6+ 56 +'%
!'%
) & " (# + )',1 3+ &1$6 1' '+# !'3, 1!+6 ' '& +,1'& '+#* 2. -
07
) ,
1 , "
07
1
0(2
)
1!+ 0
), ! ),((
())
( !"%
0$(1 ,
*
!") &- "( $"), "((
$1 ," !'5 6'3+ '&1"'& %#, "+& 1' 1! $"4, ' +3 ,*
) , -) 1"- ( $$1 ," ( "( "-, ') /"(
1 "),"
*
!,-(.................. ,
1 $"),
(), ! 1 $"!
#
) $,
"!
"-( "!,"! / )-$$"(, (!1 /"( /( (-) ("
!,(!1 )$ ! 1( ( ! !%
1( !
! %
2)@(<0+ % @' ;< ,F ,,
0C ; @' ; +%<@ @, < . -.F 0@' ;< 0% -F &
&;0B2 D ; B< F '),,)2
.-. 0% ).& ). 2B;<B)@ 0%
8@' '0,F &;), 0% D ,@'95
. )@)0. D ; ' ,
; <20.<), %0; 8D.@).& @0
+ 2 <C).& C . < D -0C ).@0 0B; "H< .
/H<95 0D ; D 7 B'
);; <20.<), 'C)0B;$
-B<@ <'- 0%
0B;< ,C <5 ; ; D 7
- .0@5 @ '< @+ . ,)% @)- 0% '; D0;+ @0
B-B,@ <B%%)) .@ %B.< .0@
@0 'C @0 <; D B2 0B;& @0
02 . -F .+ <@@ - .@= .0D @+ @E) D' . D)<'=
. 'C @' ,0<@ ; ,B.'=
. BF . D '@5
&; D B2 ). @' '0.
,, F *B<@ %@ ; @' ; .
. %)@ %;0- @' ;<',,
,. ; C ;)& :< ; 20;@
. B@, ;:< B@)0.
@5 0; - @' ; D ; .0
)F, < .0 '0,)F< .0
@ , 2'0. .0 ; .
,-0<@ B.@), D< 0. -F
DF @0 &;--; <'00,
-.F &00< D ; B.C),,
0; <@),, ;@)0. 5 ' ; D< %);<@(,<< 2B,) ,);;F D)@').
; '5 2 ;<B -F 2; .@<
@0 *0). <0 0B, B< @' );
,);;F ;< < D ,, < -F
0D.5 ; C ;F@').&5
,, @'0< 0,(%<')0. C,B < 0% @';)%@ .0 D<@ -+
0 . - . 0 .0@ 0;;0D
0; D0;< 0D -0. F ; <@),,
C ;F -B' 2;@ 0% -F DF 0%
,)% 5 % D ' .0@ <C D' .
D 0B, 0 <0 @' ; D0B,
% D ; <0B; < @0F %0; @'
F0B.& ; & . ;@)0. @0 0;;0D
%;0-5 .-. - .@)0.< @'@
80, ; <C ;< ; <)<@ <2 .).&
<0- 0% @' ); 2 .<)0.9 # @'@ )<
B< D ,)C @';0B&' ';
@)- <5 0D D 0 .0@ +.0D
D'@ )< ' 0% B< @'.+
&00. << D D ; 2;B .@5
% %
$
)-0. .+).< <+< D' @' ;
@' ; )< -0;, )%% ; .
@D . ;0. <@;)+ < &).<@
;)@)<' )@)G .< %)&'@).& D)@'
<,-) @@ ). F;) .
@' 22; .@ <<<<).@)0.
@@ -2@ &).<@ ;& ) +;)2,
). ,)<B;F5
;'2< . E2,).5
F '. . B.)
@,)@).& &).<@ B<<)
!
' ; )< &00 ; <0. @0 ,) C @'@ @' @@ -2@ <<<<).@)0. 0% ;& ) +;)2, D< 2,.. ). B<<)5 .,F
B<<) ' 2,B<), -0@)C 5 ;C &< )< <@@ 2;0B@
' , B. ; <@@ < B;)@F5 @ D0B, ).0. )C, @'@
).<@;B@)0.< %0; @' B< 0% . ;C &< D0B, .F@').& 0@' ;
@'. <B* @ @0 , ;. @ @' C ;F @02 , C ,5
' @@+ 0. +;)2, . ')< B&'@ ; D< . @@+ 0. @'
<@ < D'0, 5 B<<) D),, . C ; -)@ ; <20.<)),)@F *B<@ <
@' ; '< . .0 2@. 0% ; -,). ; <20.<)),)@F %0; @'
-B; ; 0% , E. ; )@C). .+05 B@ < . D' . @' %@< 0%
@')< %0B, ;)- ; <@,)<' D 0D )@ @0 0B;< ,C < . @'
D) ; D0;, @0 2). @' &B),@ D' ; )@ ,) <5 % @' 2; <B-2@)0. )<
*B<@)%) @'@ B<<) )< @0 ,- @' ; CB,<)0. @'@ D <'0B,
% , . < 2;02 ; ; %, @)0. ). 0B; )-- )@ @)0.< . ).
0B; D) ; 20,)) <5 '0< -)&'@ ).,B ')&'(, C , 20,)@),
0F0@@< 0% @' 0;, B2 .'.).& @' &; @0 D')'
D )-2, - .@ <)-),; 2;0C)<)0.< @0 @'0< 0% @' &.)@<+F
@ 0; ); @ <.@)0.< 0. 2 ;<0.< - @0 ).C0,C 5
B).& 0B; -<<) < @0 ';&! :%%); < , C , D')'
D0B, . ). C)@, ; <B,@ 0% 0B; ; 6B);).& @' B<<).
-<<0; @0 , C 0.0. D0B, ,<0 . 02@)0.5
% %, "" %(& &&"% (" *&& #!!)///
!
@ @)- D' . ; ,@)0.< D)@' B<<) ; D0;< .).& )@ -)&'@
D)< %0; B< @0 ; - - ; @' +&;0B. @0 @' .).& 0% @'
0, 0, ;5 %@ ; @' 0C) @ .)0. 0,,2< 0-2.) F &; @ ;02 ). B<<). -0;, @' <@ ).<@ 0% 0%% ;).&
B. ;<@.).& .0B;& - .@ . C . %)..), ) -0C @' 0B.;) < 0% )@< -),)@;F ,,). + F @0 %0; <
0. @0 B<<):< D <@ ;. 0; ; C . B@@).& 0%% <0- 0% )@<
<0C ; )&. @ ;;)@0;F5 ')< D< B< @' ,@) <@@ < % ,@
@'; @ . F B<<):< 2;0EF -),)@;F &&; <<)0. ). @' ;)- . +;). 5 ' F *0). @0 . 2, < D< @' ); ;)&'@
%0; -),)@;F @ ;; .@ @0 2;0@ @ @' - %;0- %B@B; &&; <<)0.5
')< D0B, 'C . . ; )-20<<), %0; @0 @0 ; %B< = B@
%0; B<<) D)@' )@< 0< <<)0. 0C ; 2<@ <@ ;. ).C<)0.< )@
-B<@ 'C ,00+ ,)+ @'; @ . C . 2;0C0@)0.5
' ; )< .0@').& -B' @'@ . 0; <'0B, 0. 0B@
@')< E 2@ @0 ; 0&.)< @'@ )@ -F 2;@,F 0B.@ %0; B<<):<
).; <).& &&; <<)C . << ). 0; ; @0 ; ( <@,)<' D'@ D0B,
3). )@< F <4 -0; 6B)@, ,. 0% 20D ;5
%& "% % %" $&%
B<<). D ; @)C ,F
2,..).& @ ;;0; @@+< ).
@' 5 . @' D0;< 0% @'
2;,)- .@;F 0--)@@
; 20;@ '. +),, F ;0. 20< 8C ;F < ;)0B<
@'; @9 @0 @')< 0B.@;F5
+;)2, 0. @' 0@' ; '.
' ,; F . 2B.)<' ). B<<) %0; <2)0.& @' .
2;0. . ; , < < 2;@
0% 2;)<0. ; E'.& D)@'
- ;)5 <2 .@ @' ; <@
0% ')< ,)% D)@' .0 << @0
<@@ < ; @< <'022).& %0;
0,)<' <B<& < . BF).&
<;@' ;<5 ' +),,).&<
). F;) D ; 2; C .@@)C =
@' @@+ 0. +;)2, . ')<
B&'@ ; ,00+< ,)+ ; C .& 5
" +& &(%
! !
B;@' ; @0 F0B; ; 20;@
8F,,) - @ D;22 ;< ')
';<' ; ,)@F 0% -0 ;. -<<
%;-).&9 - 2)& %;- ;
;)<).& @;)@)0., ; <
0B@00;< ). @' D ,, F
). .0;@' C0.5
' <F<@ - )< ,0B;(
).@ .<)C . E2 .<)C B@ 2;0B < 2)&< @'@ &;0D
<,0D,F 'C .@B;,,F .
; , ;,F 0.@ .@5 0D C ;
@' F ,F 0D. -0; %@ D')'
)-2;0C < %,C0B; B@ )<
.0@ D.@ F 0-- ;),
B@' ;< . <B2 ;-;+ @<
D'0 'C @;). 0.<B- ;<
@0 2@ 0.,F @'). C . ; 0%
%@ 0. @' ); 20;+ <)@B@)0.
B.)6B @0 @' 5 .<@ 0.<B- ;< ; <B22,) D)@'
' 2 @<@ , << - @ @'@ '<
,)C @ <@ <'0;@ ,)% C0) 0% <@)-B,@)0. %; <'
); . C . ).&5
.@), 0.<B- ;< B. ;<@.
@' @0;@B; @'@ )< ).' ; .@ ).
@' 2;0B@)0. 0% @' ' 2
- @ <0, @0 @' - 2;0B ;<
D),, 2; 2; @0 ;;F 0.5
( " &
% +"
$
F ; .' @ ' ; ,)- @'@ ,, &00 @').&< ). ; .'
; % -).). 5 -)@@ ,F @')<
).,B <B(-'). &B.
3$ # ##4 B@ 0 <
@'@ E2,). D'F )@:< '#7
%% %" ("" % (
( ); ). ). 0-- .@).&
0. D')@ % < . ; E)@(
<B220;@ ;< 0 < .0@ < - @0
; ,)< @'@ ,-0<@ C ;F0. ).
@' , ;<')2 . B; B(
;F ,<0 '< D')@ % 5
(% +. "*% "*(
!
. F0B; ; 20;@ 8E(); @0;
&0 < 0. < E 0%% . ; ; &)<@ ;
%0; -+).& 2<< @ %;) .9
F0B D;)@ @'@ @' *B& @0,
@' % ..@ 80B 0 .0@
-+ C. < @0D;<
D0- . D'0 0.:@ D.@ F0B
@059 . 0@' ; D0;< D0-.
-B<@ %);<@ ).)@ @'@ .
C. )< D ,0- %0; -. . -+ 0. 5 B@ @' @
0% ).)@).& @0 -. @'@ .
C. )< D ,0- )< ). )@< ,%
. C. . D'@ )% '
%).< )@ B.D ,0- 7
% .& -"%
# &
! ( &
!
# $#$ % (
& & # # # $!
$#!
O 1> ;' AH1" 2 "))," >4I2 $ DD"2" D2%4>
D4)"D*"> 2 ,2 FM55 D*"K 1" G6
I,D* D*" ," %4> 6*4D4+1"??),2)
?">H," I*">" D*" 6*4D4? ;,?66">
?*4>D0K %D"> D*"K >" H,"I"<9 *"K
>"?42" D*D D*,? I4G0 *40 ?6",0
, , "
66"0 %4> K4G2) 6"460" "G?"
% !!& +1## )"$
"1>>??,2) 42D"2D I4G02=D *2)
# >4G29 4I >,)*D D*"K I">" 26*D
:G,/0K "1" 6*"241"242 2
I,D*,2 DI4 K">? ,D I? H0G" D 529
"?6,D" ",2) 42" 4% D*" I4>0=? 14?D
D D*D 64,2D >4I2 I*41 6,")"0 2
?G"??%G0 D"* 4162,"? 26*D
G>6*K * 4G?D" 0G2*" 0")0
;>"1,2? 2 "2,)1 %4> 12K 6"460"
*00"2)" ),2?D *,? 4+%4G2">?
4H"> EM< ?, ,1 >?*I ,2 D*"
0,1,2) D*D ,D I? *" I*4 %,>?D 1"
,22,0 ,1"?9 2 D*,? D,1"0K 2
G6 I,D* D*" ,"9 *" ?G,D I? ?G"??%G0
"2D">D,2,2) 44/ ,00K 00)*">
# -%#/ !!-%& ! #*
2 *" >"",H" 5'A9'19
"?>,"? *4I 6*4D4+1"??),2) 66
24D*"> 4% D*" 44/=? ;,2D">"?D,2) ?G+D*>"?< ,? D*" ?D4>K 4%
D*D %,>?D *,"H" 24D4>,"DK ? ;?"JD,2) D440< >4?" D4 "41" 26*D=? I>2)0"? I,D* >/ G/">">) ?, 2D42,4 >-+
FF2 6G0, 4162K G?" K 5#A 1,00,42 6"460" "H">K K9 D=?
>D-2"L ,2 *" ?*,2)D42 4?D9 *" "44/ "1"
?D4>K D*D ;41,2"? D*" "?D ,2)>","2D? 4% 12K ,0,42 00"K
4?"??" I,D* GK,2) D*" 4162K 2 1" DI4 4%%">? D*"
2>>D,H"?< ;D"H" 4?+?DK0" 6">%"D,42,?D D D*" *"01< ,2 D*"
?"42 4% I*,* $ ,2 FM5E $ I? %4> E29 *"2 D*"?" I">"
%4>1 4% *,"% "J"GD,H" H2 6,")"0@ 0")0 ,?6GD" "DI""2
>"."D" *" ?"D 4GD D>K,2) D4 ;>G?*< 26*D ,2?D"
D*" 4162K=? %4G2">?@ 2 ;H,+2+40,D* DD0" I,D*
0G2*,2) >,H0 66 4/" D*D I? ;?*1"0"?? 46K<9 7D
"44/<9 ? .4G>20,?D ?6",0,?,2) ,2 ,0,42 00"K ?D>D+G6?
%,0" ;1,?">0K<98 /" I,D* 6">?420 "D,0 2 %0K+42+D*"+
00)*"> 4H">" 26*D I*"2 ,D I? ,2 ,D? ,2%2K 2 *"
I00 :G4D"? !. *! -% !. ! !%& ,? 6>40K
6>4H"? /24I0")"0" 2 ?HHK *>42,0"> I*4 ?G""? ,2 D*"
14?D 416"00,2) I*"2 >"4>,2) 26?*D=? ;,>D*,2) 6,2?<@
;,%%,G0D D?/< 4% "J60,2,2) D*" 66=? 66"09
0D"> ?"D,42? "0,2) I,D* ,D? DD"16D? D4 142"D,?" ,D? 6>4GD
G* 0,/" "44/ 26*D I? 4>2 ,2 D*" ;>4< G0DG>"
>" 0"?? ?4>,2)9 42"D*"0"?? D*,? 44/ I,00 6>40K >"1,2
4% K4G2) 10" D"* "2D>"6>"2"G>? D 400")" ?, 4*2 >0,)" ,2
D*" ;042)+0?D,2)< *,?D4>K 4% 26*D=? ">0K K">?9
*" G2K ,1"?9 D? D*>"" %4G2">? $ 6,")"0 4K G>6*K
* & +
, "+ , "
%#%!& ,## ),1
# , & "*,
!* # +1## )"'$
2>"I 04K ""> *? ;0IK? * >"6GDD,42 ? 24D4>,4G?0K ,%%,G0D 12 D4 I4>/
I,D*< ?, K22 >"> ,2 *" G2K ,1"?9
*,? 1"14,> ;)4"? ?41" IK D4 1/,2) *,1
14>" 0,/"0"<9 2 6>4?" D*D=? ;?DK0,?* 2 I,DDK<
$ ,% 0?4 ?41"I*D H">4?" $ D*" 4164?"> 044/?
/ 42 D*" %,>?D E# K">? 4% *,? 0,%" %>41 *,?
,%%,G0D *,0*44 ,2 4GD* "2?,2)D42 D4 D*"
6>"1,">" 4% *! ! * #% ,2 53#B
7;6>40K *,? 6"/ 141"2D<89 04K "">=? %D*"> I? 4164?"> 4%
*G>* 1G?,@ *,? 14D*"> I? 6,24 D"*"> ;"D">1,2" D4 6>4G" 1G?,0
6>4,)K<9 *" 1"14,> 4H">? *,? D,1" D J%4> I*,* *" 0"%D G>,2) *,? %,>?D
K"> D4 6G>?G" 1G?,0+I>,D,2)@ *,? %>G)*D 6>D2">?*,6 I,D* 0K>,,?D ,1 ,"@
2 *,? 042)+?D2,2) 00,2" I,D* ,16>"?>,4 1">42 /,2D4?* 7;?41"42"
"H"2 14>" 4?"??" I,D* 1G?,0? D*2 *,1<89 *">"=? ?2D ?"0%+>"%0"D,42 2
04D? 4% ;>)),2)< GD 04K ""> 74H"8 ,? ;%G2 4162K %4> 'MM 6)"?<9
2 %,>2"?? D4 04K ""> *,? ;04%DK ?"0%+66>,?0 ,?2=D I," 4% D*" 1>/<
?, ,42 DG>)"? ,2 *" G>,29 %D"> 00 *" *,"H" ?6"DG0> ?G"??
">0K ,2 0,%"9 K *,? 1,+FM? *"= 0>"K I>,DD"2 !&# * 0
!!% %!* 2 &-& %&* -#%&*% 2 4G0 %%4> D4 GK ;
G4> 12?,42 42 0>)" 16?*,>" "?DD"<9 "D I*,0" D*" ;1/,2) 4% 142"K<
,? 6">?,?D"2D D*"1" *" "H4D"? 0,DD0" ?6" D4 *,? 0,%"=? ;>/">< 141"2D? $ ?G*
? 64??,0" ?G,," DD"16D ,2 *,? D""2? 2 D*" >"/+G6 4% *,? %,>?D 1>>,)"9
2"" D*" D,D0" 4% D*,? 44/ 4G02=D " 14>" 1,?0",2) ?, H, "2",D
,2 D*" 4242 H"2,2) D2>9 *,0" 04K ""> ?G660,"? D4>>"2D? 4%
,2%4>1D,42 4GD *,? >""> *" ;014?D 2"H"> ?*4I? *,? %""0,2)?<9 *" >"?G0D
,? 44/ D*D ;?,D? %0D0K 42 D*" 6)" "H4/,2) ?D>D0,2)0K 0,DD0" 6,2 4> 6??,42<9
# 0D*4G)* *"> 24H"0? >" 1G* 6>,?" 12D*
>H"K *? 2"H"> :G,D" ;"41" *4G?"*40
0,D">>K 21"< ?, >2"? 2)"0,2, ,2
*" G2K ,1"?9 *D 1K *2)" I,D*
D*,? ;66>4*0"< 1G>"> 1K?D">K ?"D ,2 D*"
41">?"D H,00)" 4% /*1 ,2 5(359 *" ?D4>K
46"2? ;D I2 42 *>4H" G"?K< I*"2 D*"
4K 4% /*1=? >,*"?D ,D,L"2 ,? ?64DD" ,2
D*" >,H">9 " D*"2 %4004I D*" "%%4>D? 4% 6>,?*
6>,"?D 4*2 "H" I*4 2>>D"? D*" ?D4>K D4
&2 *,? /,00">9 G* 4% D*" D,42 D/"? 60" ,2
"H"=? ;>/ 42%"??,420 44D*< I*,* 6>4H"?
;2"D "D"D,H" "H,"< %4> G24H">,2) D*"
H,00)"=? ;)4,2)?+42<9 *,0" "2">)K ,? ?41"I*D
"60"D" K >H"K=? %>":G"2D ;6*,04?46*,0
1G?,2)?< D*,? ,? ;"GD,%G00K ,1),2"< 24H"09
&*% 1K ?""1 0,/" +DG>2
),H"2 D*" "D">1,2"0K G2411">,0 2DG>" 4%
>H"K=? 6>"H,4G? I4>/ ?, 2D*42K G11,2?
,2 *" ?">H">9 "D ?*" ?D,/? D4 *"> ;,,2)
D*"1"< $ D*" "?" I,D* I*,* 1"14>K 06?"?
;,2D4 ?"0%+""6D,42<9 0"2,2) *G12 ,2D">"?D
I,D* "0"?,?D,0 ;>"0640,D,/< D*,? ,? >,H"D,2)
64>D>,D 4% ;411G2,DK ,2 D*" )>,6 4% ?">"K<9
"" &# &&# " , &" "& *#&
" # & #" &# & " $ & !'- ) -( 5A >* FM5# ,19(67,1* ,1 $
&+$1*,1*
:25/'
7KH /LRQWUXVW 6XVWDLQDEOH ,QYHVWPHQW
WHDP VHDUFKHV WKH JOREH IRU KLJK
TXDOLW\ FRPSDQLHV WKDW LPSURYH
SHRSOHpV OLYHV DQG DLP WR EHQHILW
ILQDQFLDOO\ IURP GRLQJ VR
6XVWDLQDEOH LQYHVWPHQW LV QRW RQO\ IRU
SHRSOH ZKR ZDQW WR qGR JRRGr WKHUH LV
D FRPSHOOLQJ FDVH IRU DOO LQYHVWRUV WDNLQJ
WKLV DSSURDFK 7KH /LRQWUXVW 6XVWDLQDEOH
,QYHVWPHQW WHDP ZKR KDYH ZRUNHG
WRJHWKHU IRU PRUH WKDQ \HDUV LGHQWLI\
WKH NH\ VWUXFWXUDO JURZWK WUHQGV WKDW ZLOO
VKDSH WKH JOREDO HFRQRP\ DQG LQYHVW
LQ ZHOO UXQ FRPSDQLHV ZKRVH SURGXFWV
DQG RSHUDWLRQV FDSLWDOLVH RQ WKHVH
WUDQVIRUPDWLYH FKDQJHV DQG WKHUHIRUH DUH
OLNHO\ WR EHQHILW ILQDQFLDOO\
3DVW SHUIRUPDQFH LV QRW D JXLGH WR IXWXUH
SHUIRUPDQFH 7KLV DGYHUWLVHPHQW VKRXOG QRW EH
FRQVWUXHG DV DGYLFH IRU LQYHVWPHQW 'R UHPHPEHU
WKDW WKH YDOXH RI DQ LQYHVWPHQW DQG WKH LQFRPH
IURP LW FDQ IDOO DV ZHOO DV ULVH DQG \RX PD\ QRW JHW
EDFN WKH DPRXQW RULJLQDOO\ LQYHVWHG 7KH PDMRULW\ RI WKH
/LRQWUXVW 6XVWDLQDEOH )XWXUH )XQGV KDYH KROGLQJV ZKLFK DUH
GHQRPLQDWHG LQ FXUUHQFLHV RWKHU WKDQ VWHUOLQJ DQG PD\ EH
DIIHFWHG E\ PRYHPHQWV LQ H[FKDQJH UDWHV ,I \RX KDYH DQ\ GRXEWV
DERXW WKH VXLWDELOLW\ RI DQ LQYHVWPHQW SOHDVH FRQVXOW D ILQDQFLDO DGYLVHU
)RU PRUH LQIRUPDWLRQ YLVLW XV DW
OLRQWUXVWFRXNVXVWDLQDEOH
3URXG 3DUWQHUV
ZLWK 2[IRUG 8QLWHG
3URXG VXSSRUWHUV RI
=6/pV $VLDWLF OLRQ FDPSDLJQ
,VVXHG E\ /LRQWUXVW )XQG 3DUWQHUV //3 6DYR\ &RXUW /RQGRQ :&5 (= DXWKRULVHG DQG UHJXODWHG LQ WKH 8. E\ WKH )LQDQFLDO &RQGXFW
$XWKRULW\ )51 WR XQGHUWDNH UHJXODWHG LQYHVWPHQW EXVLQHVV
#=;/!6
%%00 !##!$0
!/6'/
/"%##
#$! 6/
#$! 6/6
'%'% (
*>8> 27& >+
%6!# 2 )/!#
9%%!% 6!$
8/0 >$!%0
*!%#9!% !%6/:#+
++++
3/
#=;/!6
!##!$ "0)/
!/6'/ 990 '//!0
#!:!/
6!'%# 6/
'96 %" '%'% (
9%6!# 87 9%1 6% 6'9/!%
/'$ )6$/
*%6!'%#66/,'/,9"+
9%%!% 6!$
8/0 7>$!%0
*!%#9!% !%6/:#+
+
594 + 9" 4$9$5" 59!
) $95 -4($4 $) ,* 5$ +''? $''$(5 $) "
9$$/ % $'" !+9 5)$?
)-))9. "$5 59+)$5"$)!'?
45-+)5 4+( 4$9$5 ="+
!$9 ) <459$' ?+;)!
+;) $9 1%;<)$' (=&$5"
9455 +;' -4+'? 14
) (+)+9+)+;52 5$ +($)$
;)4!4;9 55? +)
<)$5" $) " $'?
$''$(5 ) $93 5+;) '$& 9"
'!4-". " -'? +;9
(+59 -+$!))9 9"$)! ?+;3< <4
) ;-9$!"9 $55$55$--$ ($)$59435
"42. 4 5 '( 5" $5 ;!"94 '( ="+ -$)5 +4 1!);$) (4<' 5 "$'4$+;5 5
4;!! )$!"+;4$)! +9+4 "4
5" $5 "494&$)!2.
"$'"++ 4;5" =5 5) 5
"$5 -4+;9$+) $5 $5--+$)9$)! 59- +=) 4+(
14<'9$+)2 ) 9&5 44)
6/6/ $ 0!/ )
9+ )= '<' !4 ;5))"
"5 +)'? 44'? ) 4<$<.
'-- $) " 54<4. ;9
))55 $''$(5 "9 9"9
19"4 $5 (+4 9") +) (4<'2
+4$!$)' -4+;9$+) ;9 "
"46 )? 4) $5 4$''$)9 5
4!4 9" -'? $95' 5 ; $--? (+9"4 ) 99"=
9"4 =$9" "$5 59 ) <4?
"( $5 $459#49 5 9"
(+()9 + 4&)''35
$ % //% /!:6!%
1"+9 +2 9=$59$)! 9=)
4<$<' <$)$95 9"9
4=)55 ) +)$). 9 5(5 9"9 %;59
%;!()9. "$5 ;9$;' 4$<9$)! 9"4$''$)!'?
+5$+)''? $9 ) 19& 7A ?45 +4 -'? 9+
9 >-455$+)$59$ 9& +) 9$$/ %
$) 9" 4$!"9 $49+4 9" 4$!"9 -4+;9$+) )
$'" 14$55 $95 599;5 9 594+&2. 1;5" 9+
5+ $) $95'2 5$ $( )+ $) " 9!. 1935
5 9"$5 )+= +4 '$< 9+ 4!49 $9.2
+ !$) =$9" 4 4&)''35 -4+;9$+) =+49" 9" =$9.2
=5 !+$)! 9+ 15"$+)'? 94$&5?2 5$
# $"' $''$)!9+) $) " ;4$). " )
/!06'# # !
5$!)4 +( ;99 5"= 4'$5( +4 $4;'4
*>((2 &2 222+ 9%6!# 2 )/!#1 6% 6 '=#
-$9 + 5)? 49" 4$)! ? )$) ;-4$!"9 -$)+5
<% 6/ %06/ /'$ (& )/!#
$))4 =+4&$)!5 <$5$' ="$" 4 ;5 9+ 49
(& = *>(3( 77 &77+
) ;))4<$)!'? $5+4)9 9(+5-"4. ;9 $) )+
%/#/ %00 " %8 /30
9$( 9"$5 5"+= " ( 19+9''? $) $95 !4$-2 )
0 /03 !%5 '"8 $ 3 /04"3 0 $
$9 $(($9'? 459+45 9"$5 1=4+)!'? )!'9
7+403"8 $4$ ,3/4#'-* /038 40""
-'? 9+ )94' -' $) 9" )+)2. 9 '5+
0 04'/ 0 84 $850!8 (4/$)*
+)$4(5 9" 599;5 + 95? 44) 5 (%+4
'$& "35 1()4$)! $) ('#
) 9" 59 -4+;9$+)5 9"$5
594+(2. ))#4$ ; 5
(+59 9"4$''4$5" + "&5-435
? 9" 1'' ;9 !+5
94!$5 ) ' '$& 1
($55$)!2 =) $!;4 ="+
4+$+;5 4$ 594$!"9 9+ "''
)5 ;- "994$)! 9+ "45'.
-;5$)! +)'? +4 5+( + 9"
"935 5+ $5(?$)! $5 9"
(+59 ";)9$)! ) 5+'9
1'& + +"4)2 5$ 4"
5+'$'+/;$5 $) 9" )+)2 5$
4+(-9+) +) "935 ) 9!.
"4$59+-"4 49 $) " ;)?
1)9459$)! $5 '5" ? )
$(5. "9 6 5"+;'
9") 4 '+59 $) ='94 +
)<4 ' '$& 5 $9 +5 "4
!+4? 5-$' 95. -"5
$5 9;4!$ 5+()+')9 )
4 5"+;9 4+( -+'5 +4
'$)!. ;;5 +44$535 '+-'9+4(52 9+ )+ !49 9.
-4+;9$+) $5 5;--+5'? 59
"$5 1($5%;! (552 $5 $) (+4) 4$9$) 194 $<$'
"+44+4 5"+= $) '' 9" =4+)!
=42 5$ )) 4)() $)
=?5. 15 9"$5 ; ="$" 5
" $(5. "$5 $5 1-+59#4>$9
+4 (02 3( 4$ 5+ 5$
)$!"9(4. '&. ?59+-$).
+($)$ <)$5" $) " $'?
$+')9. "$)& @+($5 ;9
'!4-". " <)$)! !$)5
+99$5" ) > 455
!%%/ -$%/!%.
) )5 =$9" !4;5+(
$) "4$9? 5"+- (+;'!.2 ;9
5$(;'9 -$99$+). 13( )+9 5?$)! +44$535
9" 1!'++( ++(4?2 $5 5+ +<4="'($)!
" 5"+;' 4+''2 5 +55 ;9 14& )
?+; ) ;- )+9 4$)! ) =$''$)! $9 '' 9+ ).
'++? 9"+;!"95 (? 5$@ 9"+5 '$& ( '9
99$)! 6 $) 5+( 1'='55 '')
($!"9$'? ;)(+< ) ;)"44+=.2
;9;42 (&5 )+)5)5 + 9" -'? 5$ 99
4;() $) 4$9?. 9" $5 4<) 5+$'
'$(4 ="+ &$''5 "$5 =? 9+ -+=4 $ ?+; 9&
#
'' 5+$' +44 =? " $5 '9 1=$9" )+9"$)!
9+ '$( ) )+ +(-;)9$+)5 9+ 59+- "$(2.
'%09 '/0 5&,&&
+44$5 1594$-5 +;9 9" -'?35 59&5 +59'5
"!$ 0 /%$3#$.0 /03 0%"% /%/
) (+9$<9$+)2 ) 9+ (& (9945 =+45
$ & 8/0 $0 # 0 +4/!8 +499" $
" "5 9&) -'? 9"9 $5 59 +(-455 $)9+
%/$" 0 5/* %3 "" % 3 6%/!0 83 3/.0
'9 9;9 -5?"+'+!$' 4( ) !$<) $9 )
0%#3$ %84" $ /#$ %43 8/$
1+-49$''? +<4'+=)2 59!$)!. +4? $))4
,!'$ 3 3 63 '%'- (4$8 #0)*
594;!!'5 5 !4; );95 9" ="+ '5
" !$ "# ! # ,7 4" :A, 1 3/
&7 C++ *8C
.$7 =D*&+8 0.!1
'#+ & )&
!' *
++++
&7 )B+7 +
.$7 >*&+8 0.>1
$&# )
& (& ++
&7 7A&( $-7+<-+
.$7 !=*&+8 0.!1
' &
& '$
+++
&7 --C ))+
.$7 ".*&+8 0.>1
$ & ' #
+ "
+
.: 7$ >D.
7& 8?**7C - ' # (# + #
*(8 &< 8-?+ &< )&( 4<$ )<8< &* 8-+
<&-+% 8<5 ?< &<68 @7C & 7+< 8< 8&
+ 77 &+ */&72 -3?&+ $-+&B /)C8 - <7-?) A7 @<7+%<?7+%$&<*+ 8/&)&8&+# &+
(&))&+# 7&*&+)8 &+ <$ $&)%8B <7 A$- &8 $&7
C 8+<-7 0)B +<<1 <- B<7< $&8 <+#
?#$<7 0(<7&+ *8-+-@1 7-* 7-<$)2 ?<
<$ 78? #-8 A7-+# + - #<8 *7-&) &+ -+8/&7C2 $< -))-A8 &8 4+ ?+ )&+$&+# 8<7
&+<- <-<<7&+# *) /8C$5 + 4&8<?7&+# +
& &?)<5 /& - *-@&%*(&+# 7-* 7&<&8$ &7<-7
C++ *8C2 4?)(C )-< + 75 A&<$ $&8 4C8 -+ &7 )&( <A- ?7+&+# A-?+85
$-+&B )&@78 477%$&#$5 <?7+ 8& @&+ $7 &+ $ &*82 $ &)* ?+-?<)C $8
8-* $?+<&+# *-*+<8 8& <7 78$A &+ $ ?7&+2 /7<&?)7)C )&( <$ 8+ A$7
#7-?/ - #&7)8 -?< -+ <$ <-A+ 8( - <- <( <$&7 /$-<- + <$ %8? 7&+# 8888&+ -)&#8
A&<$ )&< /-)&<+882 @7)) <$-?#$ -?+ <$ &)*68 &7<&-+ <-- 48$-AC5 + <$ @&-)+
<-- 4*$-52 $768 +- +C&+# &<68 <-?#$ <- A<$ C< &<68 8 4&778&8<&) 8 7&/ <&5 8& -*
$-+ &+ $ ?+C &*82 -? 4A-+6< ) <- 8<-/ ?+<&) C-?6@ 8+ &< )) <$ AC <$7-?#$52
< *C <$ 8< 4+-< '?8< /7<<C 5 8<-7C &+
$&8<-7C 8& &#) +7A8 &+ <$ 2 C *77
A8 ?<& ?) &++8%-7+ <788 A$- /-7<7C
<$ &78< -+%87+ *) -7#8* &+ .,==68 $&$+
-7 8<77&+# &+ 8<7&+# - 8-%8- -))CA-- *-@&8
&+)?&+# &) 2 &))68 $ 2
+A$&) &+ $7 8/7 <&* 8$ A-7( 8 +
&+@+<-72 -))-7<&+# A&<$ <$ -*/-87 -7#
+<$&) 8$ /<+< 4 73?+C $-//&+#5 <$+-)-#C <- +) 8?7 A&7)88 -**?+&<&-+8
<$< &8 ?8 <-C &+ )?<--<$ + &%&2 $&8
7*7() <) &8 +-A 4A-+7 ?))C <-)5 C &)*%
*(7 )B+7 + &+ $7 -?*+<7C2 7-?) &8 <- +C-+ A$- @+ @#?)C (+-A8 <$
8<-7C $ &8 4 @7C $-%$?* <7A)5 8& @&+ $7 &+ $ &*82 #< <$ B/<
4<)(&+# $8 7$&@ )&/8 &)* B/7<8 + 7&+8 + 7)<&@852 < <$ < &8 <- <$&8 C A
/-/) - (+-A +C<$&+# -?< *7768 8&+<& & &)&<C 8& <7 78$A &+ $ ?7&+2
$< &+ &<8) *(8 <$&8 &)* + &*/-7<+< 4/7) - *-7+ 8B?) /-)&<&852
4?8<7)& +-A $8 &<8 5 8& &( +<
&+ &* ?<2 $&8 4#)-7&-?85 A8<7+ 7-* &7<-7
7A&( $-7+<-+ &8 8< &+ <$ A&)8 - <$ -7<$7+
77&<-7C &+ <$ .,>D82 * &)) /)C8 (&+)C
/7$7 A$- ?+A&8)C )-+8 + -7&#&+) 7*$+
)) * 0*&)<-+ -77&81 <- $&8 +A +&#$-?7
77C 7$ 0A+ 8)&12 7$ ?88 $&8
87@+<8 + 7/8 *68 A& + * @+<?))C
-+ 7-+<8 $&* ?+&+<+<&-+))C (&))8 $&* + #-8 -+
<$ 7?+2 8 A)) 8 /7-@&&+# 4*-@&+# &+8&#$<8 &+<<$ /)&#$< - &+&#+-?8 ?8<7)&+85 )& '&#+
&8 7** A&<$ +'-C)C *&)&7 )*+<8 7-*
8/#$<<& A8<7+8 8& - 7C + &+ $ +/++< 8)--+ 7 8+8 *'8<&
)+8/8 + )A*+ 07C+ 7-A+1 -+ *68 <7&) A$- &8 48 @&&-?8 + ?+ -7#&@&+# 8 + ) 52 < )) *(8 -7 &)* - 4&**+8 /-A7 + /<$-852 +6< ?+78<+ A$C 8- *+C
7&<&8 7 7@&+# -?< <$&8 &)* 8& &#) +7A8 &+ <$ 2 $ $7<7&8<&-+ )(8 +?+9
<$ /)-< < -+ 4<-- ?8C + <-- & ?85 &8 *?)2 + &< )) +8 &+ 4/-<$7 - *)-7*52
&<$ <)+< 8< + #-7#-?8 /$-<-#7/$C
C &<<-7&- <-77- <$ )<8< -*C 7*
7-* --C ))+ $8 @7C<$&+# B/<
/7$/8 4 /788&+# 78-+ -7 &+#5 8& -*
$-+ &+ $ ?+C &*82 $ &)* &8 8< &+ A
-7(68 C&+# -+C 8)+ 78-7< &+ <$ .,!D82
< &+8)< /)C8 &++C + ?+$//&)C *77&
A&<788 A$-8 C &8 ?#$< C $+8-* )& #?7
A&<$ )&<77C *&<&-+8 0
?8<&+ &*7)(12 ?< <$
77&@) - $7 A&+8-* 8</?#$<7 0
?+- */)1
A$-68 -+ <$ 7?+ 7-* #+#8<78 -*/)&<8 *<<78
8 8$ <-- <(8 +C <- <$ )& #?72 $ 8<-7C
&8 < A&<$ 47-?8< &++7%<$<7 -+@&<&-+5 /7<&?)7)C C &+8)< 8& <7 78$A &+
$ ?7&+2 ?< )8 <$ /)-< $8 4)) <$ /<$5 - <$ 78-7<68 4/&+< $-7&+#852 &<$ <-78
+-A 43??&+# ?/ <- &8<+ <$*8)@8 7-* ))+5 &+ 78/-+8 <- 78?7#+< ))#<&-+8 -?< $&8
/7&@< )& &<68 $77 <$+ @7 -7 <$ &)*%*(7 <- (/ $&8 77 )-< 8& /$) 7$*
&+ <$ &++&) &*82 /& 7 )&( # 7<&+)C A-+6< - *?$ <- $)/2
C#%%=%*) * =# B& 0 #,! #!#! $ &828.. 555(00(#,(3'( !0 " %0 ,
(:$B(: : :/,?&(-$ +:
119(-$ : 6 &GF 1B91+
,,/9F7 /9 )B,+ /" +(,: (D&(& /- - 6:9+F ,* /B?
?& "($B974 ? ?& ,// /" ?&:
1(-?(-$: (: B-,(:?*+ D&?&F 119 (- (::/8: "(9:?
9?9/:1?(C (- B- 0.@A (?
:,: ?&? +$ 6"(-++F 9+(:
D&? D: $/(-$ /-74
& F9 0.@A D: 61(C/?+7 "/9
+/ (::/ :( -F B99-?
(- & (,:4 & )B:? ?B9-
#H - &(: D/9* D: /,,-(-$
9/9 19(: ?&? ++/D &(,
- &(: D(" +$ ?/ +(C (- 6"B+/B:7 19?,-? (- 9(:
?9C+ C9FD&9 F 6&B""B9'
9(C- 97 - ,(E D(?& &($&
:/(?F4 ? ?&9 (: 6-/?&(-$
:/ -(-$ ?/ 9? : /,"/9?7
- (::/ D: 6(?&(-$ ?/ 19/C
&(: /-?(-B 9+C-74 D:
+:/ &C(-$ - ""(9 D(?& F/B-$
D/,- -, 9('&9:
+?9 ?&- AA F9: /+4 &
D/B+ B-*-/D- ?/ +$
/, ?& ?+F:? "/9 9(+
-D (9?(/- (- &(: 9?4 &(: (:
?& /-?E? /" 6GG+(-$7 -D
E&((?(/- ? ? /9- C/?
?/ (::/8: --B: ,(9(+(:4 &
:&/D 9(-$: ?/$?&9 ,/9 ?&0HH 1(-?(-$: 9D(-$: -
:B+1?B9: &9?(-$ &(: ,/-?&'F'
,/-?& C+/1,-? ?&9/B$&/B?
0.@A ! - 19:-?(-$ 6E?9/9(-9F "+/D9(-$ /" 9?74
&98: :/,?&(-$ (:?B9(-$
/B? ?&: 1(?B9: /" (::/8:
,B& F/B-$9 ,(:?9:: :( (++
/,19?G /- D: /-+(-4
- , "/9 E,1+
9('&9: (: :- :+1
(- - 9,&(9; 6&+" &9 "
&: - ?B9- (-?/ 1&++B:74
/9+ /-:(9?(/-: :( ?&(:
:&/D D(++ +C F/B 6(- -/ /B?
?&? & D: ?9B+F $9? 9?(:?74
3 ! , , "/9
(-:?- (: D/9* 6/" :B&
E5B(:(? B?F +- -
:-:B+(?F F/B &C -/ /1?(/B? ?/ :?/1 - :?974 B9(/B:+F
?&/B$& (?8: ?& ,(:"(9: ?&? ,*
?&(: :B& $9? E&((?(/-
?&9 9 :/, 69+ &/D+9:7
69('&9: (: ?& -?9+
?&? ,* B: 119(? &(:
19:- &9 "(9:? ?/ +:?7 :(
3 ! , , *6)3-0 307 ! !+
,:?91(: ++ ?& ,/94 ? (B9 B,,(-$ (- & :9C94
0.@A D&(+ :D(,,(-$ (- ?& (C9 9- 9('&9: B$&?
/B D(++ 9/$-(: 6&9 /C+ F: +::(+ -/: - 9(-?
:9(/B: (-"?(/- :( +,9 -B:GG* (- & B-F
9/1 /" +/- &(97 ! : D++ : &9 :($-?B9 /+/B9 +(+ !
(,:4 (::/ 9:1/- F 19/B(-$ :9(: /" 6:1//*F
?&9/B$&/B? ?& :&/D4 69 :& (: (- 1/:?'/(?+ +(:: 9+(-(-$
(,$:7 /" &9 9/D-(-$ - (-$ :C4 &: :?9-$ 1(:
:+1(-$ :?9?&(-$ 9,(-$ -9+F +DF: 1(?B9 : (" :19/C( 69* "(-+7 ?/ ?&(: D/-9"B+ 9C+?/9F :&/D4
(- /9 "9/, 47 &(9 ""(9 D: 6+-:?(-7 - :& (: /"?-
#5 =* @D
%66* %) *55@,=%*) 6
,45- !
60#! ! %,40 ,7
: ?E+7 : 0 ,#4" F/B8C C(:(? ? 9(?(-8: -D
E&((?(/- /" 9(?(:& "($B9?(C 1(-?(-$
- /, DF D-?(-$ ,/9 ?&- ?&(:
:&/D C/? ?/ ?& :/'++ &//+
/" /-/- (: D++ D/9?& C(:(?4 ?&9
?&- "95B-?(-$ ?& :, /&/ 1B:
?& 1(-?9: ""(+(? D(?& ?&(: 6:&//+7
2?& ?9, D: ?& (-C-?(/- /" ?&? 9&'
:+"',F?&/+/$(:9 44 (?)3 -C9 9++F
& ,B& (- /,,/- B? :(-$ D/9*:
F 9?(:?: +(* B(- 9B 9-*
B9& - ! /" /B9: ! 9-(:
/- (:1+F :( F :( (: B--(+ ?&9(++4 &(: E&((?(/"?B9: - (,19::(C 9-$ /" ?+-?:
-B,9 /" 9B: ?D/ :?B--(-$
/-: ?9,-/B: /- /::/""
- C- 99 - B??9+F $/9$/B:
1/9?9(? F ?& ",/B:+F B-19/+("(
9?(:? (&+ -9D:4 /? C9F?&(-$
&9 (: $9? ! (?) -/?+F +?: ?&
3! ,3 #,0,0 &2882'
:( /D- ! B? /- +- ?&(: :,++
B? ":(-?(-$ (:1+F &: "/B:
-?(9+F +*(-$ "9/, ?& ? :&/D4
9(: :?9? ? >@#HHH4
2 4 #5 #!#! $ &828.2.
8$1'( !0 2 %,(
*)*) 5= '5
#6 ) #5" D
=# ,5=()= *
@6=% B%=# ,'*==%)"
=* '@)5 %5=D
(*)D D 6''%)" %66* 6D6 55D
%'6*) %) # %(60
*5%)" =* =#
%)%=()= ==#B
5) =# 6*) *
%#5 5) *)
* *)*)46 (*6=
,*B5 @' 5= '56
=*' ) ")=
,*6%)" 6 %))%' 5@6=5 =#= # *@'
') #%6 (*)D D 6''%)" #%( %66*46
*5 <908(0
5) -,%=@5. B*@' =#) 5*&5 =# 56'
* =# ,%)=%)" ) =5)6 5 =# ,5*6 &
=* =# ")= A% )& *@)=0 ) 5=@5)
# () *((%66%*) * = '6=
<>>!EEE0 # (=%)" # ) 55)" D
) %)A6=()= ()"5 = @ *5= @5%=%6
*)*) 5*&5 =#= #6 6%) ) '*6
*B) D %=D 5"@'=*560 # %)%=()= 6==6
=#= 5) 6& *5 !/ ,5* %= *) =#
=5)6=%*) 16* # B*@' )*= 6& B#D
# B6 3%) =# (*)D$'@)5%)" @6%)66420
#6 D= =* 56,*) ,@'%'D =* =# #5"0
0< 9& AH0
(* ##( &''
-(#"
!0*- ()) #* ) 0!/)- !!*& ) !) , , , C-?- 9B:&: D(?& ?& $) )** ,"& % * !*-
!) - ! !! )3& *!)-*- * !/ .4 )
80%8-- 9
- **' F +(G?&
?9/B? AHH 2(,/- &B:?9 > 4..34 ?9/B? (: /-
/" ?& :? D9(?9: +(C -
+(C (??9(% ! /,1+E
9-*F - B-/,19/,(:(-% !
&9 ,/:? ,,/9+ &9?9
?/ ?4 &(: -/C+ (: ,B+?('
C/( D(?& & &1?9
-99? F (""9-? (-&(?'
-? /" :,++ ?/D- (- (-4
+(-* B? -/? (- -F DF
?&? F/B ,(%&? E1?4
" /' F &9+/??
9/-? 0 $; 2&/+:?(
>#4..34 & ",/B: :?/9F /"
/91&- - 99 ?&(:
//* C9F /B1+ /" F9:
- & ?(, : :/,?&(-%
-D4 ? (: ?& ,/:? (-?9(?
- 9(-% -/C+ D(?& 19"?+F ,(99/9 :?9B?B9
(-(:(C &9?9(:?(/- :&/*(-% 9C9:+
&+"DF ?&9/B%&4
'* / #.'( F
-?&/-F B9%:: 0. H
2(-?% >0H4..34 &
?D(:?(-% E1-:(C -99?(C
/" --?& //,F D&/:
+(" (: (99C/+F (-?9?D(-
D(?& ,)/9 C-?: /" ?&
AH?& -?B9F4 B9%:: (: ? &(:
(-C-?(C %9"B+ :? &94
#,'( F (&+
B--(-%&, 0.. 2$?&
:?? > 4..34 9(++(-?
- 9C //* ?&?
(-?9+: ?& :?/9(: /" ?&9
D/,- 9/:: ?(, (-+B(-%
?&? /" (9%(-( //+" : :&
(: D9(?(-% )* !124
&: &9?9: D&/ :,
-?(9+F :19? 9 (- "?
( ' F 9%9?
?D// 0..< 2(9%/ >.4..34
+/C ++ /" ?D//8: //*:
B? ?&(: (: ,F "C/B9(?4 ?
(: "(?(/-+ /B-? /" 9+'
+(" 19(:/-9 9 9*:
D&/ D: B: /" /B+
,B994 ?D// (,B:
98: :?/9F D(?& &B,-(?F
- (-?9(%B4
(>, 9 (. 38(.> 8 B(,, "80- & -" ,% * #(* F
(+9F -?+ AHH@ 2$?&
:?? > 4..34 -?+8:
,,/(9 /B? &9 9+F +("
- :B:5B-? :?9B%%+: D(?&
1(- - (++-:: (:-8? 9
-FD&9 -9 D(+F -/B%&4
& B:: &9 +9 E? 19/:
- B-99(-% +E(+ %(+(?F ?/
/-CF D&? (? ,-: ?/ (++
?/ :B""9 - ?/ :B9C(C4
+ 00+9&03 0. G@G'?2;< ?!?#6 08 0A>'0"'38(.> 00+9 B(9(> CCC6(,(0606A+
&( , *# .*&( .#'* (" " '"
&0C(.% .0C
#" /&( #,'"/ "*# * ?
F-&,8: &?9 /-/- A 2H $$'$ A
#0AH34 (&9 F9 (9?: 9,F 9/-: -
:+F -C(++ (- ?&(: 6B-,(::+7 9C(C+
/" B%- 8(++8: :,('B?/(/%91&(+
,:?91( 2-1--?34 -: ; 19(+4
*'*( ?& (* *(--9'+ %9/B1 &(-
?& 9(++(-? 91 /19 ) !(- ! !)
) 2AHH$3 9 9B-(?(-% "/9 ?/B94 %(-:
/- 0. 19(+ ? ?& A ,F (9,(-%&,
?&- +:%/D - /- 2?&:?9?:?/B94/,34
/,(- '* '(* (: ?/B9(-% D(?&
&9 -D :&/D - !1' 9:1/-: ?/ 9E(?
- /-+ 9B,14 (C91//+ +F&/B: /-
,"' ,''(
. 99 .%, 79 "(,- 0A>
>& 9&0+(.% >>+9 0. >C0
"A. 8,9 (. ,"9> (. 8&
2/!!6 & "(89> C9 >&> 0"
>&8 - - 89 9&0> E
>& (. (8,>8 >&
9 0. 0" -0A8. 8 +(,, >&> E6 &(8>E E 89 0.
>&09 C&0 C 8 >& 8 > ,,
>& (8 9>08( 96 0. 2/ 8
@ @2GG 4<G-(.956
* -(
0A- .>8E %0(.% &(.
>& 0089 0" 80CE
0% 8 & .>8 (.
0- 89 >6 A @G 8 2
@?2G 4!#-(.956
'*" ,*' " /
'-#' #" 8 B08
0., >8B ,9 >0 - 8(
>0 , 8. -08 0A> >& (B(,
8(%&>9 , 8 - >(.% B ,
&83>0. . . 8, 0,(.
0C ,, ,0.% >& CE6 &A8
@@ 8 2 @2GG 4<G-(.956
'## /" 4@G2#5 0B(.%
3>>(0. 0" 0,- 1().79
.0B , 0A> E0A.% 8(9&
C0-. "(.(.% & 8 " > (.
- 8( (. >& 2/#G96 A.
2! 8 2 @G?G 42GG-(.956
#' ,' 4@G2$5 8+
)2 )!* ! 2(* !/)2 -! -
A$ 9& ?&- B9&, - /- -(-% D(?&
9:(-F "9/, 0H 1?,9'0H /C,9
? (:?9 5B9 &?9 /-/- A
2DDD49(%?&9(:?(4/4B*34
A9> 0A> (. 33 8+
*' "( F ?9 /"9F',(?&
2(++(, /++(-: >.4..34 /"9F',(?& 19/"::/9 /" ?& 1&(+/:/1&F /" :(- +(C9:
6":(-?(-% - /"?- +(%&?"B+ :?BF7 /"
?& (-?++(%- /" ?& /?/1B: 2(,:34
''( C&> &33 . ,9> C
: 8(- 8- 9 8( 9 98 . E ,> 8 8 9 .>9 0A> 9 ,"'380,(- 09 9 C&0
0--(>9 9 8( 9 0" %8A 908(- 9 (. ( >0 8 9>08
-08, 9>.896 A. 2! 8
$ @@G# 4##-(.956
(,-9
00+ .0C
(*?: 9 :++(-% ":? "/9 !" ' #/
?"-/ ::(-(8: 1( 1+F ?++(-% ?& :?/9F /"
&,- 9/?&9: "9/, (?: "/B-(-% (- 0 #H ?/
(?: /++1: (- AHH 4 (?& (,/- B::++ +4
/9 19"/9,-: D(++ %/ /- :+ (- +? :19(-%4
$ B+F' B%B:? F??+?/- ? ?& ?(/-+
&?9 /-/- 0 2HAH';$#A @HHH34
$+ #!!"!"*( ,%(.
+
0 ,- 9 &(-9 ," "08 C&> &33 . >0 (6 " & &.7> %0> & 8 >0 9("> >&80A%& &(9 *A.+ 9& -(%&>
,(B 6 A>& 9+9 8(. "08 . A3> 0. >& 0.>-(.>(0.6 99A8 9 & 8 (>79 .0>&(.% >0 C088E
0A>6 > 8 A>& & 89 0A> 8E A-.. 3A,,(.% 0A> . (9 .0> &33E6 & > ,,9 B( 9& C9
.>8A9> >0 ,00+ "> 8 A(8(79 (.> 8 9> . 9&0A, + 3> A3> 6 -- % >9 "809>E 8 3>(0.
C& . 9& ,,9 0. (,,6 & >8( 9 >0 , . A3 A> % >9 . 8"A, C& . 9& C9& 9 >& -A% ( ,9>
A9 6 & , B 9 (. > 896 8(.79 9A838(9 C& . (,, 9&0C9 A3 C(>& 90- 9&00> "(%A8 96 > ,,9
(,, >&> .0 0. 79 D3 >(.% &(- + > C08+ E >6 (,, > ,,9 &(- >0 9>A"" &(9 *06 0 ,,9 0. 88(90.
. 9+9 &(- 0A> >& &(> . 8A.6 88(90. 9E9 >& 9 (9 9>(,, 03 .6 > % >9 + "80- 0A>&
"8( >0 "(. A9(. 99 (9 9,0C > 3(8(>A, 0- A >0 >& 0.>-(.>(0.6 ,( (.B(> 9 88(90. .
,,0. "08 (.. 8 . &B 9 0,E &B(.% ( .0> >0 8(.+6 &8(9 30,0%(9 9 9E(.% ,( % >9
> .9 C& . 9& 79 %0. >0 (% ""08>6 (,, . 0 8 0.(, . (,, 9>8>9 >0 %8( B 6 > ,,9 0 &
(9 C088( 033E C(,, "08% > (6 0 9E9 >&> ( C9 9(.> . >& E C0.7> , > 033E "08% > & 86
0- E 0A> 0A3, C&09
8 ,>(0.9&(3 (9 > 9> E . 8
-(99 0. 9+((.% &0,(E6 0.
2/ 8 (,-$ G2$G 42$G-(.956
'#% 4@G2$5 (9> >&8(,, 8
C(>& 0- 8E 9 >(>A8.
800+,E. 8> . 8 9,0C,E
% >>(.% C(9 >0 >& %0(.%9'0.
80A. &(-6 &A8 @@ 8
(,-$ @2GG 42?G-(.56
C >0 9A98(3>(0. (( #"( 8B ,79 &8'
8(.+(.% 38(B> > >(B .
8 ,A>.> 9A3 8& 80 8 >A8.9 "08
9 0. 9 8( 96 0. 9 3,E E 8E9> . (>> 8 >8( 9 >0 3A>
& 8 ,(" + >0% >& 8 "> 8
(.% >08- .> E >& B(,
(,%8B 4B( ...>56
>8 -(.% 0. >",(D6
"/ * 0. 9 8( 9
0" 8E. 8.9>0. . B(
&08 79 8(- 3 8 C(>&
(0B..( ((9( 9 . D'0.
C&0 9> ,9 &(9 ,,-> 79
( .>(>E6 . -F0. 8(- 6
0; 9& AH0
V
$"&" &8.
(( $+ . " .5
&- $ &5 .5<"
&8. 5. -&#
-&8$ '== 85 .
.&# (-5. : 5 #8
-" - &- $.+ (-&(-5< . .5 $
#58- -&8$. &
#&- 5$ $ - &$
5 .&85 $
."&(. & 5 (( $
"". $ &#(- ..
5 # $ &8. $
5- $($$5
(-5#$5.+ $
&8. . # "<
5 ! 5$2 $ $
-&&# ' 8-5- -(
--"98"5 ""
& ""- .58<
85 " 5</ 6 $($$5
(-5#$5. )' 7
$ 6* -$
-+ 4====/
"" $-# )='06
17''7'*+
V
V :&-5 $ :&-5 "5$#+ . .58$$ $
&8. . -$""5 5&:- $ . 5. $ 9 -. & -&8$. : 5 9 :. &95 9-$ "+ .5- .8 5 8-5- . 7 8-5- 5. -!.52! 5$
-(. 6 . .$8 85 " 5< ($5-< (-5< -$ .5". .5&-. $&&- (&&"
&#("; & &8. (&!.+ 4'+0#/ $ 5 -$! )='7771%%*+
&-- . &
: -$ &
.5 &:.+ - -8- .
"& 5 $ -&#
'%7= $ ,8 5
.55 $ : 5 9 :.
&9- 5 &-- .
.5" .55 $
5& 5 &"$5+
.5- ' 8-5- .&:- -!.52
! 5$ . 55 $
-&&# "&!-&&#
"" (9 5--
":$ -$
- . 5--
5 #- .5&-2&-#- .
(-! $+ 46====/
($ ""-
)='%67===*+
'0 - 7='
V
!#7'% 07# '% 7 >
!#7'% '00 '% >,
// '))'/7:%!7> 7'
:> )/7 ' /07'/
(97 %7:/> '/$%
07#, !#7'% !0 / 0:# $'%:$%7 %
0 :%/'% 7% >/
/07'/7!'% > 7 ://%7
'<%/0 7' /7 )/!;7
/0!% 0://':% > :/7!% <## % /> $'7
<! '/$ )/7 ' 7
'/!!%# 07#, !7!% 7
#%0) /%0 #! 7
/:!%0 ' :'/ $%'/
':0 <!7 /'00 #!$!%
7/': !70 $:##!'%
<!%'<0, 0 *( <!7
% 0:!7 0'</+ 9 70
/"074"!7% )%7/>
/)0 #'"/''$
:7!#!7> ':7:!#!%0
/%0 )/"!%, /
!0 )#%%!% )/$!00!'%
7' /%';7 7 /7
7'</ '/ :/7/
'$$'7!'%, 6(,&$1
%/< /%7 ':%7/>
'$0 *?(&? 2828+,
V
V
#7'%
## #7'%
'/<!, /07'/ / ':0 #!; 7'
7 " 7' 7
(3??0 '% 7 0!7
' $'7 $%'/
':0, 07/ 0:!7
<!7 /00!% /''$
2 :/7/ 0 *9 %
0:!7+ $!#> 7
/"074"!7%4
0%: <!7 /) ## 9 :/7/
/)0 $0
/''$ #!//>
:7!#!7>4)/) "!7%
!%$ /''$
##/ /%0
)'"0 9? /0,
6($1 '/0
*?(9 23&&&&+,
V
2 !# /"
':0 !#
/", :)#=
#7 '% 7 !/07 %
0'% #''/0 ' 7!0
#%$/" / ':%7/> ':0
<!7 <#7 '
)/!' 7:/0 /'$
'/7!; ';!%
7' 07!% #00
<!%'<0 % :'/
$0, 07/ 0:!7
(49 :/7/ 0
$!#> 7 "!7%
9 /)0 ## 07:>4
8 ##/ /1
'$$:%# /)7!'%
/%0 7%%!0
':/70 % )/"#%,
63&???1 ;!##0
*?( 3???+,
/#7'% "/##
':/7 '$/7'%, !0
/ ':0 !0
!% =$)# '
7/<//> !##
'7! /!77:/
% !0 $%7!'% !%
;0%/.0 :! 7'
'$/07, 07/ 0:!7
<!7 /00!% /''$ (
:/7/ 0:!7 2 :/7/
0 :/7/ 70
/"074"!7% 8
/)0 #!//> 07:>
#'"/''$ ##/0
':/7>/ <!7 '770 ':7:!#!%0
0<!$$!% )''# <!7!%
<## /%
'// )'"0
)/"#% 9( /0,
68,$1 ;!##0 *?9?
2?(3 89?+,
V ':0 ' 7 '/7/% 7 :/0', :%!-: '))'/7:%!7>
7' :> 7 :%%7 077 $'/ 7% (?? /0 ' #% <!7 7% $%0!'% ':0 !% % ' $'/%!07!'% 0!= #'0 '/ /'<% 7/':7 !0!%
7/ !##0 '/ /':0 0''7!% % , '/ 0# > :7!'% '%
99 / #'7 89, 6&9???1 :7!'% ':0 '7#% *?(( 88& 33+,
(2 / 9?( &> >& C19>: 9/,,-
# 2 /(+ 2 6 0*0
! $828,28 ,8%
A- (# D/@ &A /-+D 1::(-% (->9:>
(- -B /-/- 9:>@9->: D/@ -8>
&
Документ
Категория
Журналы и газеты
Просмотров
0
Размер файла
8 694 Кб
Теги
journal, The Week
1/--страниц
Пожаловаться на содержимое документа