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RTQ[GEVCT¢PFKHGTGPVGUX®FGQUG
KO¢IGPGUNQSWGNNCOCT¢OWEJQNC
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EQOWPKECEK´PRCTCCFCRVCTNQUCNQU
PWGXQUEQORQTVCOKGPVQU[VGPFGP
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5GDCUVK¢PFGNQU4G[GU1VTQFGNQU
PWGXQURTQR´UKVQUFGGUVCTGHQTOC
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VCDNGEKOKGPVQGZRGTKGPEKCN&G
CEWGTFQEQPGUVGQDLGVKXQNCVKGPFC
EWGPVCEQP\QPCURCTCRTQDCT[OC
PKRWNCTPWGXQUFKURQUKVKXQUGPFGHK
PKVKXCRCTCGZRGTKOGPVCTNQU
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XQURCTCENKGPVGUGUOW[CORNKQ[UG
EQPEGPVTCT¢GPNC\QPC/GFKC
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CNCHQVQITCH®CCN/CEQCN9KPFQYU
JCUVCFGUEWDTKTE´OQNCVGEPQNQ
I®CRWGFGC[WFCTCOGLQTCTGNFGU
ECPUQ'PN®PGCEQPNCXQNWPVCFFG
C[WFCTCNQUENKGPVGUCWVKNK\CTNCVGE
PQNQI®CRCTCRQFGTGNOC[QTTGPFK
OKGPVQFGNCOKUOCQVTQFGNQUPWG
XQUGURCEKQUSWGUGRWGFGPXGTGU
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FQPFGCFGO¢UFGRTQFWEVQUGP
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GUQVTQFGNQUITCPFGUCVTCEVKXQUFG
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RCTCNQUO¢URGSWG²QUQRCTCVQFC
NCHCOKNKCJCUVCHQTOCEKQPGURCTC
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VCODKªPFGFKECWPC\QPCCNCXKFC
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VCNNGTGUFGEQEKPCUCNWFCDNG
6CODKªPUGJCKPUVCNCFQWPCKUNC
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UWTVKFQFGECHGVGTCUQE¢RUWNCU
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RTGRCTCEK´PTGCNK\CTFGIWUVCEKQ
PGUEQPQEGTNCUFKHGTGPVGUVKRQNQ
I®CUFGECHGVGTCUQEQPQEGTNCUXC
TKGFCFGUFGECHªCFGO¢UFGTGCNK
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DGNNG\CVCODKªPVGPFT¢PWPC\QPC
RTQRKC%QOQPQXGFCFUGJCP
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RCTCRTQDCTNQURTQFWEVQUO¢U
PQXGFQUQU
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FGPEKCGPCN\CGUV¢OW[RTGUGPVGGP
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FGNQU4G[GU7PKPUVTWEVQTCEQORC
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CRTGPFGTO¢UQRTQDCTCTV®EWNQUFG
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RGTKGPEKCNNQUENKGPVGURWGFGPJCEGT
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VGUGPNC<QPC)COKPIGPNCSWGNQU
ENKGPVGUVKGPGPNCRQUKDKNKFCFFGLWICT
GPTGFRCTCRTQDCTNQU»NVKOQUXKFGQ
LWGIQUFGNOGTECFQ
1VTCFGNCUPQXGFCFGUKORQTVCP
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'ZVTC/GFKC/CTMV
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%QPNCTGHQTOCFGNGUVCDNGEKOKGPVQ
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RNKCICOCFGPWGXQUUGTXKEKQUSWG
OGLQTCT¢PNCUCVKUHCEEK´P[NCGZRG
TKGPEKCFGNQUENKGPVGU6QFQGNNQUKP
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2CTNCPIGIGTGPVGFGNCVKGPFCSWKGP
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NCVKGPFCRCTCSWGGNEQPUWOKFQT
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VCIQPKUOQGPGNPWGXQ/GFKC
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ENKGPVGE´OQNCVGEPQNQI®CRWGFG
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GZRNKEC2CTNCPIGSWKGPC²CFG
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FGNCVKGPFCEQORNGVCOGPVGUCVKU
HGEJQU[HGNKEGU|2CTCGNNQGZRGT
VQUGPVGEPQNQI®CFG/GFKC/CTMV
KORCTVGPVCNNGTGUITWRCNGUCNQU
ENKGPVGUUQDTGRTQFWEVQUUOCTVHQ
VQITCH®CQTQD´VKECEQPGNQDLGVKXQ
FGGPUG²CTNGUCWVKNK\CTVQFCUUWU
HWPEKQPCNKFCFGU5GVTCVCFGHQTOC
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HQVQITCH®CşŞ'ORKG\CEQPVWK2JQPGş
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#FGO¢UUGQHTGEGNCRQUKDKNK
FCFFGTGEKDKTWPEQCEJKPIVGEPQ
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EKQPGUQPGVQQPGRGTUQPCNK\C
FCU[VQVCNOGPVGCFCRVCFCUCNCU
PGEGUKFCFGUFGECFCENKGPVGEQP
VGO¢VKECUOW[XCTKCFCU#VTCXªU
FGNCCRRO´XKNFG/GFKC/CTMVUG
RWGFGRGFKTEKVCRTGXKCRCTCEQP
EGTVCTNQUGPEWGPVTQU[UGTCVGPFK
FQRGTUQPCNOGPVG
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TGXQNWEKQPCTKQGSWKRQFGKORTGUK´P
FKIKVCNSWGRGTOKVGRGTUQPCNK\CTNC
ECTECUCFGNQUFKURQUKVKXQUGNGE
VT´PKEQUEQOQUOCTVRJQPGUVCDNG
VCURQTV¢VKNGUGKPENWUQ2NC[5VCVKQP
FGHQTOCT¢RKFC[GEQP´OKEC5G
5VQR)QRGTOKVG
TGEQIGTUKPDCLCT
FGNEQEJGNQURGFK
FQUFGNCYGD
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FGECFCENKGPVG
2GTUQPCNK\CEK´P
FGECTECUCUFG
UOCTVRJQPGUVC
DNGVURQTV¢VKNGUQ
2NC[5VCVKQP
2TQVGEVQTFGRCPVC
NNCFGTGUKPCEQPIC
TCPV®CFGRQTXKFC
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PGUURCTCGNENKGPVG
RTQHGUKQPCN
6CNNGTGUITWRCNGU
EQPO»NVKRNGURTQ
RWGUVCU
5GTXKEG2QKPVGPGN
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CNENKGPVG
5GTXKEKQFG(KPCP
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E´OQFQ[T¢RKFQ
0WGXQUOQUVTC
FQTGURCTCCVGP
FGTNCUEQPUWNVCU
5GTXKEKQFGRWGUVC
GPOCTEJCFGFKHG
TGPVGUFKURQUKVKXQU
5GTXKEKQFGRGTUQ
PCNK\CEK´PFGVQFQ
VKRQFGRTQFWEVQU
VTCVCFGWPCKORTGUQTCSWGICTCPVK
\CWPGPVQTPQFGVTCDCLQEQPEQPUW
OQGHKEKGPVGFGGPGTI®CNKDTGFGQ\Q
PQ[TCFKCEKQPGU78$78%2GTOK
VGKORTKOKTCVQFQEQNQTGPCNVCECNK
FCF[CO¢UXGNQEKFCFSWGEWCNSWKGT
GSWKRQEQPXGPEKQPCNRQTNQSWGGN
ENKGPVGRWGFGNNGXCTUGUWECTECUC
RGTUQPCNK\CFCGPOGPQUFGOKPW
VQU'NGSWKRQFG/GFKC/CTMVVCO
DKªPUQTRTGPFGT¢CNQUENKGPVGUEQP
QVTCUUQNWEKQPGUFGRGTUQPCNK\CEK´P
FGCTV®EWNQUEQOQFKUEQUFWTQUEC
HGVGTCUNCXCFQTCU[JCUVCPGXGTCU
5GQHTGEGCFGO¢UWPUGTXKEKQFG
RTQVGEVQTFGRCPVCNNCFGTGUKPCRCTC
VQFQVKRQFGUOCTVRJQPGUVCDNGVU
UOCTVYCVEJE¢OCTCUQPCXGICFQ
TGU'UVGRKQPGTQUKUVGOCGUV¢HCDTK
ECFQEQPWPRQN®OGTQFGPCPQVGEPQ
NQI®CCWVQTGIGPGTCPVGGUFGEKTSWG
GUECRC\FGTGIGPGTCTUGCPVGTQ\C
FWTCUUWRGTHKEKCNGU[COQTVKIWCTIQN
RGUFKTGEVQUHTQPVCNGU'NRTQEGUQFG
HCDTKECEK´PUGTGCNK\CGPNCOKUOC
VKGPFC[GNTGUWNVCFQGUWPRTQVGEVQT
GUFQDNCTNQUGUHWGT\QURCTCSWGGU
OW[HKPQ[TGUKUVGPVGEQPWPVCEVQFK
VQUENKGPVGUPQRKGTFCPO¢UVKGORQ
HGTGPVGSWGPQTCNGPVK\CNQUEQOCP
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FQUFGNQUFKURQUKVKXQU5GQHTGEGIC
6CPVQGN5GTXKEG2QKPVŜGN¢TGC
TCPV®CUQDTGGNRTQVGEVQTFGRQTXKFC
FGCVGPEK´PCNENKGPVGŜEQOQGN5GT
RQTNQSWGUKUGFGVGTKQTCUGRWGFG
XKEKQRQUVXGPVCUGJCPCORNKCFQ
ECODKCTRQTWPQPWGXQUKGORTG[
EQPUKFGTCDNGOGPVG'PGNRTKOGTEC
EWCPFQUGCGPGN
UQUGJCJCDKNKVC
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UGJCPKPEQTRQTC
HCEVWTCFGEQORTC
FGFKURQUKVKXQUQ/GFKC
FQPWGXQUOQU
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