• Aucun résultat trouvé

Facteurs, modalités et risque de mésusage de l’automédication avant une consultation médicale. Étude quantitative sur une population de patients consultant leur médecin généraliste en Haute-Normandie

N/A
N/A
Protected

Academic year: 2021

Partager "Facteurs, modalités et risque de mésusage de l’automédication avant une consultation médicale. Étude quantitative sur une population de patients consultant leur médecin généraliste en Haute-Normandie"

Copied!
91
0
0

Texte intégral

(1)

HAL Id: dumas-01662007

https://dumas.ccsd.cnrs.fr/dumas-01662007

Submitted on 29 Jan 2018

HAL is a multi-disciplinary open access

archive for the deposit and dissemination of sci-entific research documents, whether they are pub-lished or not. The documents may come from teaching and research institutions in France or

L’archive ouverte pluridisciplinaire HAL, est destinée au dépôt et à la diffusion de documents scientifiques de niveau recherche, publiés ou non, émanant des établissements d’enseignement et de recherche français ou étrangers, des laboratoires

Facteurs, modalités et risque de mésusage de

l’automédication avant une consultation médicale. Étude

quantitative sur une population de patients consultant

leur médecin généraliste en Haute-Normandie

Florian Torreton

To cite this version:

Florian Torreton. Facteurs, modalités et risque de mésusage de l’automédication avant une consulta-tion médicale. Étude quantitative sur une populaconsulta-tion de patients consultant leur médecin généraliste en Haute-Normandie. Médecine humaine et pathologie. 2017. �dumas-01662007�

(2)

UNIVERSITÉ DE ROUEN

Faculté mixte de Médecine et de Pharmacie

ANNEE 2017

THÈSE POUR LE DOCTORAT EN MÉDECINE

(Diplôme d’État)

Par

TORRETON Florian

Né le 15 Mars 1989 à ROUEN (76)

Présentée et soutenue publiquement le mercredi 18 octobre 2017

Facteurs, modalités et risque de mésusage de

l’automédication avant une consultation médicale.

Étude quantitative sur une population de patients consultant leur

médecin généraliste en Haute Normandie.

Président du jury : Monsieur le Professeur Jean DOUCET Directeur de thèse : Monsieur le Dr Stéphane BORD

Membres du jury : Madame le Professeur Elisabeth MAUVIARD Monsieur le Professeur Rémi VARIN

(3)

ANNEE UNIVERSITAIRE 2016 - 2017 U.F.R. DE MEDECINE ET DE-PHARMACIE DE ROUEN

---

DOYEN : Professeur Pierre FREGER

ASSESSEURS : Professeur Michel GUERBET

Professeur Benoit VEBER Professeur Pascal JOLY Professeur Stéphane MARRET

I - MEDECINE

PROFESSEURS DES UNIVERSITES – PRATICIENS HOSPITALIERS

Mr Frédéric ANSELME HCN Cardiologie

Mme Isabelle AUQUIT AUCKBUR HCN Chirurgie plastique

Mr Fabrice BAUER HCN Cardiologie

Mme Soumeya BEKRI HCN Biochimie et biologie moléculaire

Mr Ygal BENHAMOU HCN Médecine interne

Mr Jacques BENICHOU HCN Bio statistiques et informatique médicale

Mme Bouchra LAMIA Havre Pneumologie

Mr Olivier BOYER UFR Immunologie

Mr François CARON HCN Maladies infectieuses et tropicales

Mr Philippe CHASSAGNE (détachement) HCN Médecine interne (gériatrie) – Détachement Mr Vincent COMPERE HCN Anesthésiologie et réanimation chirurgicale

Mr Jean-Nicolas CORNU HCN Urologie

Mr Antoine CUVELIER HB Pneumologie

Mr Pierre CZERNICHOW (surnombre) HCH Epidémiologie, économie de la santé Mr Jean-Nicolas DACHER HCN Radiologie et imagerie médicale

Mr Stéfan DARMONI HCN Informatique médicale et techniques de communication

(4)

Mr Frédéric DI FIORE CB Cancérologie

Mr Fabien DOGUET HCN Chirurgie Cardio Vasculaire

Mr Jean DOUCET SJ Thérapeutique - Médecine interne et gériatrie

Mr Bernard DUBRAY CB Radiothérapie

Mr Philippe DUCROTTE HCN Hépato-gastro-entérologie

Mr Frank DUJARDIN HCN Chirurgie orthopédique - Traumatologique

Mr Fabrice DUPARC HCN Anatomie - Chirurgie orthopédique et traumatologique

Mr Eric DURAND HCN Cardiologie

Mr Bertrand DUREUIL HCN Anesthésiologie et réanimation chirurgicale

Mme Hélène ELTCHANINOFF HCN Cardiologie

Mr Thierry FREBOURG UFR Génétique

Mr Pierre FREGER HCN Anatomie - Neurochirurgie

Mr Jean François GEHANNO HCN Médecine et santé au travail

Mr Emmanuel GERARDIN HCN Imagerie médicale

Mme Priscille GERARDIN HCN Pédopsychiatrie

Mr Michel GODIN (surnombre) HB Néphrologie

M. Guillaume GOURCEROL HCN Physiologie

Mr Dominique GUERROT HCN Néphrologie

Mr Olivier GUILLIN HCN Psychiatrie Adultes

Mr Didier HANNEQUIN HCN Neurologie

Mr Fabrice JARDIN CB Hématologie

Mr Luc-Marie JOLY HCN Médecine d’urgence

Mr Pascal JOLY HCN Dermato - Vénéréologie

Mme Annie LAQUERRIERE HCN Anatomie et cytologie pathologiques Mr Vincent LAUDENBACH HCN Anesthésie et réanimation chirurgicale

Mr Joël LECHEVALLIER HCN Chirurgie infantile

Mr Hervé LEFEBVRE HB Endocrinologie et maladies métaboliques

Mr Thierry LEQUERRE HB Rhumatologie

Mme Anne-Marie LEROI HCN Physiologie

Mr Hervé LEVESQUE HB Médecine interne

Mme Agnès LIARD-ZMUDA HCN Chirurgie Infantile

Mr Pierre Yves LITZLER HCN Chirurgie cardiaque

Mr Bertrand MACE HCN Histologie, embryologie, cytogénétique

M. David MALTETE HCN Neurologie

Mr Christophe MARGUET HCN Pédiatrie

(5)

Mr Stéphane MARRET HCN Pédiatrie

Mme Véronique MERLE HCN Epidémiologie

Mr Pierre MICHEL HCN Hépato-gastro-entérologie

M. Benoit MISSET HCN Réanimation Médicale

Mr Jean-François MUIR (surnombre) HB Pneumologie

Mr Marc MURAINE HCN Ophtalmologie

Mr Philippe MUSETTE HCN Dermatologie - Vénéréologie

Mr Christophe PEILLON HCN Chirurgie générale

Mr Christian PFISTER HCN Urologie

Mr Jean-Christophe PLANTIER HCN Bactériologie - Virologie

Mr Didier PLISSONNIER HCN Chirurgie vasculaire

Mr Gaëtan PREVOST HCN Endocrinologie

Mr Bernard PROUST HCN Médecine légale

Mr Jean-Christophe RICHARD (détachement) HCN Réanimation médicale - Médecine d’urgence

Mr Vincent RICHARD UFR Pharmacologie

Mme Nathalie RIVES HCN Biologie du développement et de la reproduction

Mr Horace ROMAN HCN Gynécologie - Obstétrique

Mr Jean-Christophe SABOURIN HCN Anatomie - Pathologie

Mr Guillaume SAVOYE HCN Hépato-gastrologie

Mme Céline SAVOYE–COLLET HCN Imagerie médicale

Mme Pascale SCHNEIDER HCN Pédiatrie

Mr Michel SCOTTE HCN Chirurgie digestive

Mme Fabienne TAMION HCN Thérapeutique

Mr Luc THIBERVILLE HCN Pneumologie

Mr Christian THUILLEZ (surnombre) HB Pharmacologie

Mr Hervé TILLY CB Hématologie et transfusion

M. Gilles TOURNEL HCN Médecine Légale

Mr Olivier TROST HCN Chirurgie Maxillo-Faciale

Mr Jean-Jacques TUECH HCN Chirurgie digestive

Mr Jean-Pierre VANNIER (surnombre) HCN Pédiatrie génétique

Mr Benoît VEBER HCN Anesthésiologie - Réanimation chirurgicale

Mr Pierre VERA CB Biophysique et traitement de l’image

Mr Eric VERIN HB Service Santé Réadaptation

Mr Eric VERSPYCK HCN Gynécologie obstétrique

(6)

MAITRES DE CONFERENCES DES UNIVERSITES – PRATICIENS HOSPITALIERS

Mme Noëlle BARBIER-FREBOURG HCN Bactériologie – Virologie

Mme Carole BRASSE LAGNEL HCN Biochimie

Mme Valérie BRIDOUX HUYBRECHTS HCN Chirurgie Vasculaire

Mr Gérard BUCHONNET HCN Hématologie

Mme Mireille CASTANET HCN Pédiatrie

Mme Nathalie CHASTAN HCN Neurophysiologie

Mme Sophie CLAEYSSENS HCN Biochimie et biologie moléculaire

Mr Moïse COEFFIER HCN Nutrition

Mr Manuel ETIENNE HCN Maladies infectieuses et tropicales

Mr Serge JACQUOT UFR Immunologie

Mr Joël LADNER HCN Epidémiologie, économie de la santé

Mr Jean-Baptiste LATOUCHE UFR Biologie cellulaire

Mr Thomas MOUREZ HCN Virologie

Mme Muriel QUILLARD HCN Biochimie et biologie moléculaire

Mme Laëtitia ROLLIN HCN Médecine du Travail

Mr Mathieu SALAUN HCN Pneumologie

Mme Pascale SAUGIER-VEBER HCN Génétique

Mme Anne-Claire TOBENAS-DUJARDIN HCN Anatomie

Mr David WALLON HCN Neurologie

PROFESSEUR AGREGE OU CERTIFIE

Mme Dominique LANIEZ UFR Anglais – retraite 01/10/2016

(7)

II - PHARMACIE

PROFESSEURS

Mr Thierry BESSON Chimie Thérapeutique

Mr Jean-Jacques BONNET Pharmacologie

Mr Roland CAPRON (PU-PH) Biophysique

Mr Jean COSTENTIN (Professeur émérite) Pharmacologie

Mme Isabelle DUBUS Biochimie

Mr Loïc FAVENNEC (PU-PH) Parasitologie

Mr Jean Pierre GOULLE (Professeur émérite) Toxicologie

Mr Michel GUERBET Toxicologie

Mme Isabelle LEROUX - NICOLLET Physiologie

Mme Christelle MONTEIL Toxicologie

Mme Martine PESTEL-CARON (PU-PH) Microbiologie

Mme Elisabeth SEGUIN Pharmacognosie

Mr Rémi VARIN (PU-PH) Pharmacie clinique

Mr Jean-Marie VAUGEOIS Pharmacologie

Mr Philippe VERITE Chimie analytique

MAITRES DE CONFERENCES

Mme Cécile BARBOT Chimie Générale et Minérale

Mr Jérémy BELLIEN (MCU-PH) Pharmacologie

Mr Frédéric BOUNOURE Pharmacie Galénique

Mr Abdeslam CHAGRAOUI Physiologie

Mme Camille CHARBONNIER (LE CLEZIO) Statistiques

Mme Elizabeth CHOSSON Botanique

Mme Marie Catherine CONCE-CHEMTOB Législation pharmaceutique et économie de la santé

Mme Cécile CORBIERE Biochimie

Mr Eric DITTMAR Biophysique

Mme Nathalie DOURMAP Pharmacologie

(8)

Mr François ESTOUR Chimie Organique

Mr Gilles GARGALA (MCU-PH) Parasitologie

Mme Nejla EL GHARBI-HAMZA Chimie analytique

Mme Marie-Laure GROULT Botanique

Mr Hervé HUE Biophysique et mathématiques

Mme Laetitia LE GOFF Parasitologie – Immunologie

Mme Hong LU Biologie

Mme Marine MALLETER Toxicologie

Mme Sabine MENAGER Chimie organique

Mme Tiphaine ROGEZ-FLORENT Chimie analytique

Mr Mohamed SKIBA Pharmacie galénique

Mme Malika SKIBA Pharmacie galénique

Mme Christine THARASSE Chimie thérapeutique

Mr Frédéric ZIEGLER Biochimie

PROFESSEURS ASSOCIES

Mme Cécile GUERARD-DETUNCQ Pharmacie officinale

Mr Jean-François HOUIVET Pharmacie officinale

PROFESSEUR CERTIFIE

Mme Mathilde GUERIN Anglais

ASSISTANT HOSPITALO-UNIVERSITAIRE

Mme Sandrine DAHYOT Bactériologie

ATTACHES TEMPORAIRES D’ENSEIGNEMENT ET DE RECHERCHE

Mr Souleymane ABDOUL-AZIZE Biochimie

Mme Hanane GASMI Galénique

Mme Caroline LAUGEL Chimie organique

(9)

LISTE DES RESPONSABLES DES DISCIPLINES PHARMACEUTIQUES

Mme Cécile BARBOT Chimie Générale et minérale

Mr Thierry BESSON Chimie thérapeutique

Mr Roland CAPRON Biophysique

Mme Marie-Catherine CONCE-CHEMTOB Législation et économie de la santé

Mme Elisabeth CHOSSON Botanique

Mr Jean-Jacques BONNET Pharmacodynamie

Mme Isabelle DUBUS Biochimie

Mr Loïc FAVENNEC Parasitologie

Mr Michel GUERBET Toxicologie

Mr François ESTOUR Chimie organique

Mme Isabelle LEROUX-NICOLLET Physiologie

Mme Martine PESTEL-CARON Microbiologie

Mme Elisabeth SEGUIN Pharmacognosie

Mr Mohamed SKIBA Pharmacie galénique

Mr Rémi VARIN Pharmacie clinique

(10)

III – MEDECINE GENERALE

PROFESSEUR

Mr Jean-Loup HERMIL UFR Médecine générale

PROFESSEURS ASSOCIES A MI-TEMPS

Mr Emmanuel LEFEBVRE UFR Médecine Générale

Mme Elisabeth MAUVIARD UFR Médecine générale

Mr Philippe NGUYEN THANH UFR Médecine générale

MAITRE DE CONFERENCES ASSOCIE A MI-TEMPS

Mr Pascal BOULET UFR Médecine générale

Mr Emmanuel HAZARD UFR Médecine Générale

Mme Lucile PELLERIN UFR Médecine générale

Mme Yveline SEVRIN UFR Médecine générale

(11)

ENSEIGNANTS MONO-APPARTENANTS

PROFESSEURS

Mr Serguei FETISSOV (med) Physiologie (ADEN)

Mr Paul MULDER (phar) Sciences du Médicament

Mme Su RUAN (med) Génie Informatique

MAITRES DE CONFERENCES

Mr Sahil ADRIOUCH (med) Biochimie et biologie moléculaire (Unité Inserm 905) Mme Gaëlle BOUGEARD-DENOYELLE (med) Biochimie et biologie moléculaire (UMR 1079)

Mme Carine CLEREN (med) Neurosciences (Néovasc)

M. Sylvain FRAINEAU (phar) Physiologie (Inserm U 1096)

Mme Pascaline GAILDRAT (med) Génétique moléculaire humaine (UMR 1079)

Mr Nicolas GUEROUT (med) Chirurgie Expérimentale

Mme Rachel LETELLIER (med) Physiologie

Mme Christine RONDANINO (med) Physiologie de la reproduction Mr Antoine OUVRARD-PASCAUD (med) Physiologie (Unité Inserm 1076)

Mr Frédéric PASQUET Sciences du langage, orthophonie

Mme Isabelle TOURNIER (med) Biochimie (UMR 1079)

CHEF DES SERVICES ADMINISTRATIFS : Mme Véronique DELAFONTAINE HCN - Hôpital Charles Nicolle HB - Hôpital de BOIS GUILLAUME

(12)

* * * * * *

*

;.=* 8315L3=.25C:* 7:* 8.27* 80* ]* 4.=F* DGKJ^* 1.* W./0123* .* .==_23* M07* 17F*

C?5:5C:F*345F7F*8.:F*17F*85FF7=2.25C:F*M05*105*F7=C:2*?=3F7:237F*8C5P7:2*

_2=7*/C:F583=37F*/C447*?=C?=7*I*170=F*.0270=F*72*M0A7117*:A7:27:8*170=*

8C::7=*.0/0:7*.??=CL.25C:*:5*54?=CL.25C:S**

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

(13)

-<>A<J;!CI+EMMB:>9;<!!

!

`*\0*4C47:2*8a_2=7*.845F*I*767=/7=*1.*4387/5:7^*T7*?=C472F*72*T7*T0=7*8a_2=7*W58Z17*.06* 1C5F*87*1a<C::70=*72*87*1.*?=CL523bS** 9C:*?=7457=*FC0/5*F7=.*87*=32.L15=^*87*?=3F7=P7=*C0*87*?=C4C0PC5=*1.*F.:23*8.:F*2C0F* F7F*31347:2F^*?<UF5M07F*72*47:2.06^*5:85P58071F*72*FC/5.06S** X7* =7F?7/27=.5* 2C027F* 17F* ?7=FC::7F^* 170=* .02C:C457* 72* 170=* PC1C:23b^* F.:F* .0/0:7* 85F/=545:.25C:*F71C:*170=*32.2*C0*170=F*/C:P5/25C:FS*Xa5:27=P57:8=.5*?C0=*17F*?=C23Q7=*F5* 7117F*FC:2*.WW.5L157F^*P01:3=.L17F*C0*47:./37F*8.:F*170=*5:23Q=523b*C0*170=*85Q:523bS*9_47* FC0F* 1.* /C:2=.5:27^* T7* :7* W7=.5* ?.F* 0F.Q7* 87* 47F* /C::.5FF.:/7F* /C:2=7* 17F* 1C5F* 87* 1a<04.:523bS** Xa5:WC=47=.5* 17F* ?.257:2F* 87F* 83/5F5C:F* 7:P5F.Q37F^* 87* 170=F* =.5FC:F* 72* 87* 170=F* /C:F3M07:/7FS*X7*:7*2=C4?7=.5*T.4.5F*170=*/C:W5.:/7*72*:a76?1C527=.5*?.F*17*?C0PC5=* <3=523b*87F*/5=/C:F2.:/7F*?C0=*WC=/7=*17F*/C:F/57:/7FS** X7*8C::7=.5*47F*FC5:F*I*1a5:85Q7:2*72*I*M05/C:M07*47*17*874.:87=.S*X7*:7*47*1.5FF7=.5* ?.F*5:W107:/7=*?.=*1.*FC5W*80*Q.5:*C0*1.*=7/<7=/<7*87*1.*Q1C5=7S** \845F*8.:F*1a5:254523b*87F*?7=FC::7F^*T7*2.5=.5*17F*F7/=72F*M05*47*F7=C:2*/C:W53FS*&7c0* I* 1a5:23=570=* 87F* 4.5FC:F^* T7* =7F?7/27=.5* 17F* F7/=72F* 87F* WCU7=F* 72* 4.* /C:80527* :7* F7=P5=.*?.F*I*/C==C4?=7*17F*4d0=FS** X7* W7=.5* 2C02* ?C0=* FC01.Q7=* 17F* FC0WW=.:/7FS* X7* :7* ?=C1C:Q7=.5* ?.F* .L0F5P747:2* 17F* .QC:57FS*X7*:7*?=CPCM07=.5*T.4.5F*1.*4C=2*8315L3=347:2S** X7* ?=3F7=P7=.5* 1a5:83?7:8.:/7* :3/7FF.5=7* I* 1a.//C4?15FF747:2* 87* 4.* 45FF5C:S* X7* :a7:2=7?=7:8=.5* =57:* M05* 83?.FF7* 47F* /C4?327:/7FS* X7* 17F* 7:2=7257:8=.5* 72* 17F* ?7=W7/25C::7=.5*?C0=*.FF0=7=*.0*45706*17F*F7=P5/7F*M05*47*F7=C:2*874.:83FS** Xa.??C=27=.5*4C:*.587*I*47F*/C:W=Z=7F*.5:F5*M0aI*170=F*W.45117F*8.:F*1a.8P7=F523bS**

e07*17F*<C447F*72*47F*/C:W=Z=7F*4a.//C=87:2*170=*7F2547*F5*T7*F05F*W58Z17*I*

47F*?=C47FF7F*f*M07*T7*FC5F*83F<C:C=3b*72*43?=5F3b*F5*TaU*4.:M07S*g**

*

(14)

1<A<>:E<A<J;?!!

!

\*9S*17*;=CW7FF70=*X7.:*+,!Y%(** 97=/5*87*47*W.5=7*1A<C::70=*87*?=3F587=*/7*T0=U*87*2<ZF7S*X7*PC0F*F05F*=7/C::.5FF.:2* 87* PC2=7* 85F?C:5L51523* 72* 87* PC2=7* 7:Q.Q747:2

!

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h.L72<*9\!$#\&+** 97=/5* 8A.PC5=* 234C5Q:3* PC2=7* 5:23=_2* ?C0=* 4C:* 2=.P.51* 8ZF* :C2=7* ?=7457=* /C:2./2* 72* 8A.PC5=*.//7?23*87*W.5=7*?.=257*80*T0=U*87*4.*FC027:.:/7S*X7*PC0F*.8=7FF7*2C027*4.* Q=.252087S** * \*9S*17*;=CW7FF70=*&345*$\&#"** 97=/5*87*47*W.5=7*1A<C::70=*8A3P.107=*4C:*2=.P.51*87*2<ZF7*72*8A.??C=27=*PC2=7*=7Q.=8* 8A76?7=2S*$705117h*=7/7PC5=*4.*F5:/Z=7*=7/C::.5FF.:/7S** *

*

*

*

*

*

*

(15)

97=/5*I*47F*/Ci5:27=:7F*72*.45F^*[.F257:^*X0157227^*X0157:^*9.j23^*;.015:7^*,15P5.^*

;C15F<^*Y<=C45:3^*'3154^*YC/k^*+T58T5^*?C0=*PC2=7*FC0257:^*PC2=7*.587*72*2C0F*/7F*

4C47:2F*4.Q5M07F*?.FF3F*7:*F2.Q7*72*7:*87<C=FS**

*

!:*%",&9%*47=/5***

\*47F*?.=7:2F*87*4A.PC5=*?7=45F*8A320857=*72*87*4A.PC5=*.//C4?.Q:3*2C027F*

/7F* .::37FS* 97=/5* 87* PC2=7* FC0257:* F.:F* =71l/<7S* YA7F2* Q=l/7* I* PC0F* M07* T7*

?=3F7:27*.0TC0=8A<05^*?.=*/7*2=.P.51^*1.*2C0/<7*W5:.17*87*4C:*?.=/C0=F*8A32085.:2*

7:*4387/5:7**

\*4C:*W=Z=7*9.22<570*72*$5=Q5:57^*4.*L7117iFd0=^*4.*:5Z/7*Y.:85/7^*47=/5*87*

PC2=7*FC0257:^*87*4A.PC5=*.583*I*?=7:8=7*80*=7/01^*87*=7LC:85=*72*8A.P.:/7=*I*

:C0P7.0S*97=/5*3Q.1747:2*87*?.=2*PC2=7*?=3F7:/7^*87*4A.PC5=*?7=45F*87*FC0WW17=*

M0.:8*TA7:*.P.5F*17*L7FC5:S**

\*9.6547^*?C0=*2C:*.45253^*72*2C027F*/7F*L7117F*.::37F*87*1.*;N*I*.0TC0=8A<05^*

M05*F7*?C0=F05P=C:2S**

\06*!;^*7117F*F7*=7/C::.52=C:2*>72*C05*1.*?385.2=57*.P.52*87F*F7/=72F*?C0=*4C5*72*

PC0F*.P7h*323*?10F*M0A54?C=2.:27*8.:F*4.*WC=4.25C:BS**

\*[7:T.45:^*\::.^*9.2<5187*YS*72*9.2<5187*&S^*?C0=*PC2=7*?=3F7:/7*7:*F2.Q7*72*

8.:F*4.*WC=4.25C:*8A0=Q7:25F27S**

\*47F*/<7WF*87F*0=Q7:/7F*.80127F*87*1A<@?52.1*9C:C8*.0*R.P=7^*?C0=*1.*M0.1523*

87* /7F* F2.Q7F^* 87* /7227* 45F7* 7:* ?=.25M07^* 87* PC2=7* 5:P7F25FF747:2* 72* PCF*

7:/C0=.Q747:2F*8.:F*4.*WC=4.25C:*87*4387/5:*0=Q7:25F27S**

*

\*/706*M07*TAC0L157^*47=/5*3Q.1747:2S**

*

%2*7:W5:^*I*2C5*9.=5:7^*1.*W7447*87*4.*P57^*20*.F*F0*4A7:/C0=.Q7=^*47*FC027:5=^*

47*LCCF27=^*47*4C25P7=^*72*F0=2C02*20*.F*F0*47*=78C::7=*/C:W5.:/7*7:*4C5S*X7*

(16)

"N>FKE9;EBJ?!!

\-#;\*V*\FFC/5.25C:*W=.:c.5F7*87*1A5:80F2=57*?<.=4./7025M07*?C0=*0:7* .02C4385/.25C:*=7F?C:F.L17** \-''\;'*V*\Q7:/7*-=.:c.5F7*87*'3/0=523*'.:52.5=7*87F*;=C8052F*87*'.:23** \#"'*V*\:25*#:W1.44.2C5=7*"C:*'23=Cj857:** \99*V*\02C=5F.25C:*87*95F7*F0=*17*9.=/<7** \"'9*V*\Q7:/7*".25C:.17*87*'3/0=523*80*9385/.47:2** \'9&*V*\4315C=.25C:*80*'7=P5/7*9385/.17*&7:80** \$Y*V*\//587:2*$.F/01.5=7*Y3=3L=.1** [;Y,*V*[=C:/<C?:704C?.2<57*Y<=C:5M07*,LF2=0/25P7** +-m*V*+3L52*87*-512=.25C:*m1C43=01.5=7** R\'*V*R.027*\02C=523*87*'.:23** R(\*V*RU?7=27:F5C:*\=23=57117* #"'%&9*V*#:F25202*".25C:.17*87*1.*'.:23*72*87*1.*&7/<7=/<7*9385/.17** Y",9*V*YC:F751*".25C:.1*87*1A,=8=7*87F*9387/5:F** ,9'*V*,=Q.:5F.25C:*9C:85.17*87*1.*'.:23** ,(Y*V*,P7=*(<7*YC0:27=** ,(n*V*YC4L5:.25C:*CW*?=7F/=5?25C:*.:8*CP7=i2<7i/C0:27=** ;9-*V*;=7F/=5?25C:*9385/.17*-./012.25P7** ;&*V*;C1U.=2<=527*&<04.2Cj87** &YR*V*&7/2C/C1527*R34C==.Q5M07* &9,*V*&3W3=7:/7F*9385/.17F*,??CF.L17F* '%;*V*'/13=CF7*%:*;1.M07* '9&*V*'7=P5/7*9385/.1*&7:80** ';\*V*'?C:8U1.=2<=527*\:oU1CF.:27* !;9Y*V*!:5P7=F523*;57==7i72i9.=57iY0=57*;.=5F*$** $#R*V*$5=0F*87*1A#440:C83W5/57:/7*R04.5:7**

(17)

!

!

!"#$%&'%(&)"*+,-%(&&

& .%-)%/*&'01+2234-"*%&5555555555555555555555555555555555555555555555& 67& 8%)%-4+%)%/*(&555555555555555555555555555555555555555555555555555& 69& :#-;<+"*+3/(&555555555555555555555555555555555555555555555555555555& 6=& !"#$%&'%&)"*+,-%(& 5555555555555555555555555555555555555555555555555& 6>& ?/*-3'@4*+3/&555555555555555555555555555555555555555555555555555555& 6A&

B;C+/+*+3/(&'%&$0"@*3);'+4"*+3/&555555555555555555555555555555555555555&6A&

D%&(%$C4"-%&@/&/3@<%"@&43/4%2*& 55555555555555555555555555555555555555&6E&

D%(&'%@F&#-"/4G%(&'%&$0"@*3);'+4"*+3/&55555555555555555555555555555555&7H& .+*@"*+3/&'%&$0"@*3);'+4"*+3/&%/&I-"/4%&55555555555555555555555555555555&7=& J<3$@*+3/&%*&2%-(2%4*+<%(&'%&$0"@*3);'+4"*+3/&%/&I-"/4%&555555555555555555&7A& !"#$%&'(#)*#+"*#)*#,-./0)12&*#30(&%'0,*#)*#41)*/&'*#55555555555555555#67# !"#$%&'(#)*#+"*#)"#4&'&8(9:*#)*#,0#;0'(1# 555555555555555555555555555#6<# !"#$%&'(#)*#+"*#)*#,-.88":0'/*#40,0)&*# 5555555555555555555555555555#=># !"#$%&'(#)*#+"*#)*#,-.?@A.# 55555555555555555555555555555555555555#=B# !"#$%&'(#)*#+"*#)*#,0#$%$",0(&%'#5555555555555555555555555555555555#=6# I"4*%@-(&';*%-)+/"/*(&'%&$0"@*3);'+4"*+3/&55555555555555555555555555555&9=& D%&-+(K@%&);'+4")%/*%@F&55555555555555555555555555555555555555555555&9>& L3*+<"*+3/(&%*&+/*;-M*(&'%&$0;*@'%&5555555555555555555555555555555555555& 9E& J*@'%&555555555555555555555555555555555555555555555555555555555555& NH& ?/*-3'@4*+3/&555555555555555555555555555555555555555555555555555555& NH& O3/*%F*%&%*&2-3#$;)"*+K@%&5555555555555555555555555555555555555555555&N6& P#Q%4*+C(&5555555555555555555555555555555555555555555555555555555555&N6& L"*;-+%$&%*&);*G3'%(&55555555555555555555555555555555555555555555555& N7& 8;(@$*"*(& 55555555555555555555555555555555555555555555555555555555& N=&

B3//;%(&';)3R-"2G+K@%(&5555555555555555555555555555555555555555555&N=&

L3*+C(&'%&43/(@$*"*+3/&%*&'0"@*3);'+4"*+3/&55555555555555555555555555555&NA& 8%2-;(%/*"*+3/&'%&$0"@*3);'+4"*+3/& 55555555555555555555555555555555555&NE&

.3@-4%(&'0+/C3-)"*+3/(&'%(&2"*+%/*(&%*&2-3<%/"/4%&'%(&);'+4")%/*(& 555555&NS&

I"4*%@-(&)3*+<"/*(&%*&$+)+*"/*(&'%&$0"@*3);'+4"*+3/&5555555555555555555555&=6&

J<"$@"*+3/&'%&$0"@*3);'+4"*+3/& 555555555555555555555555555555555555555&=9&

;*,%'#,-CD*#*(#,*#8*E*#5555555555555555555555555555555555555555555#F=# ;*,%'#,0#8&("0(&%'#$:%G*88&%''*,,*#5555555555555555555555555555555555#FH# ;*,%'#,0#/%"+*:(":*#8%/&0,*# 55555555555555555555555555555555555555#FF# ;*,%'#,0#)&8(0'/*#*(#,*#(*::&(%&:*# 55555555555555555555555555555555555#FF# ;*,%'#,*8#0'(1/1)*'(8# 555555555555555555555555555555555555555555#F7# 8+(K@%&'%&);(@("R%&555555555555555555555555555555555555555555555555&=E& ;*,%'#,-CD*#*(#,*#8*E*#5555555555555555555555555555555555555555555#F<# I0(1D%:&80(&%'#)"#21)&/02*'(#555555555555555555555555555555555555#JB# K&8L"*#)-&'(*:0/(&%'8#*(M%"#)-*GG*(8#&')18&:0N,*8#$%88&N,*8# 55555555555555#J=# :@*3);'+4"*+3/&2;'+"*-+K@%&555555555555555555555555555555555555555555&>>& ?)2"4*&'%(&4")2"R/%(&'%&2-;<%/*+3/&5555555555555555555555555555555555&>A& ?/*;-M*(&'%(&2"*+%/*(&T&$"&2-;<%/*+3/&55555555555555555555555555555555555&>E& B+(4@((+3/&5555555555555555555555555555555555555555555555555555555& >S& O3/4$@(+3/&5555555555555555555555555555555555555555555555555555555& A>& U-;<%/*+3/&'%&$0"@*3);'+4"*+3/&55555555555555555555555555555555555555& AE& V+#$+3R-"2G+%(&%*&8;C;-%/4%(&5555555555555555555555555555555555555555& EH&

://%F%(&555555555555555555555555555555555555555555555555555555555& E=&

(18)

7J;>BC=:;EBJ!

!

3FOEJE;EBJ!C<!DI9=;BAFCE:9;EBJ!!!

!

#1*765F27*?10F570=F*83W5:525C:F*87*1A.02C4385/.25C:S** * +0*?C5:2*87*P07*80*4387/5:^*17*YC:F751*".25C:.1*87*1a,=8=7*87F*9387/5:F*>Y",9B*1a.* 83W5:5*/C447*`*1A02515F.25C:^*<C=F*?=7F/=5?25C:*4385/.17^*?.=*87F*?7=FC::7F*?C0=*7117Fi 4_47F*C0*?C0=*170=F*?=C/<7F*72*87*170=*?=C?=7*5:525.25P7^*87*4385/.47:2F*/C:F583=3F* /C447*271F*72*.U.:2*=7c0*1A\99^*.P7/*1.*?CFF5L51523*8A.FF5F2.:/7*72*87*/C:F751F*87*1.* ?.=2* 87F* ?<.=4./57:F* g* >DBS* ,:* /C:F2.27* M07* 17* 4387/5:* :a5:27=P57:2* ?.F* 8.:F* 17* ?=C/7FF0F*87*1a.02C4385/.25C:S** * '71C:*0:*=.??C=2*80*45:5F2Z=7*87*1.*F.:23^*1a.02C4385/.25C:*7F2*0:*/C4?C=2747:2*72* :C:*0:7*/.23QC=57*87*?=C8052FS*\5:F5^*7F2*83W5:5*/C447*.02C4385/.25C:*`*17*W.52*?C0=* 0:* ?.257:2* 8A.PC5=* =7/C0=F* I* 0:* C0* ?10F570=F* 4385/.47:2F* 87* ?=7F/=5?25C:* 4385/.17* W./012.25P7*>;9-B*85F?7:F3>FB*8.:F*0:7*?<.=4./57*72*:C:*7WW7/25P747:2*?=7F/=52>FB*?.=* 0:*4387/5:*g*>NBS* * !:7*.02=7*83W5:525C:^*?=C?CF37*?.=*0:7*FC/5C1CQ07*72*.:2<=C?C1CQ07^*.TC027*1a0F.Q7*87* 4385/.47:2F* ?=7F/=52F* .0* /C0=F* 8a0:* ?=3/387:2* 3?5FC87* 72* =7F23F* 5:02515F3F* /C447* =717P.:2*87*1a.02C4385/.25C:S*%117*/C:F58Z=7*1a.02C4385/.25C:*/C447*`*1A./27^*?C0=*17* F0T72^*87*/C:FC447=*87*F.*?=C?=7*5:525.25P7*0:*4385/.47:2*F.:F*/C:F0127=*0:*4387/5:* ?C0=*17*/.F*/C:/7=:3^*M07*17*4385/.47:2*FC52*83TI*7:*F.*?CFF7FF5C:*C0*M0A51*F7*17* ?=C/0=7*I*/72*7WW72*8.:F*0:7*?<.=4./57*C0*.0?=ZF*8A0:7*.02=7*?7=FC::7*g*>]BS* %:*=7P.:/<7^*51*:A765F27*?.F*87*83W5:525C:*/1.5=7*80*4385/.47:2*8A.02C4385/.25C:S*p7* YC87*87*'.:23*;0L15M07*:7*8C::7*M07*1.*83W5:525C:*`*Q3:3=5M07*g*80*4385/.47:2*>qBS* p7*/C87*87*1.*'3/0=523*'C/5.17*2=.527*80*4385/.47:2*=74LC0=F.L17S** *

(19)

pa5837*/7:2=.17*87*/7F*83W5:525C:F*7F2*1.*:C25C:*8a.02C:C457*72*8A5:525.25P7*80*?.257:2S*#1* 5:27=P57:2* F701* 8.:F* 1.* 83/5F5C:* 87* /C:FC44.25C:* 8a0:* 4385/.47:2^* ?C0=* 0:7* ?.2<C1CQ57*L3:5Q:7*87*1.*P57*M0C25857::7*:7*:3/7FF52.:2*?.F*87*85.Q:CF25/*87*1.*?.=2* 8A0:*4387/5:S* Y7227*83/5F5C:*87*2=.52747:2^*8C:2*1.*80=37*8C52*_2=7*1545237^*?702*/7?7:8.:2*Fa.??0U7=* F0=*1a.P5F*8a0:*257=FS*Y71.*?C0==.*_2=7*17*?<.=4./57:*.0?=ZF*80M071*17*?.257:2*CL257:2*17* 4385/.47:2^* 0:* ?=C/<7* C0* 0:7* FC0=/7* 7627=:7* 8a5:WC=4.25C:F* >#:27=:72^* :C25/7* 87* 4385/.47:2^*=7P07SSSBS** p7* /C:27627* W=.:c.5F* 7:* 4.25Z=7* 87* 4385/.47:2F* 72* 8a.02C4385/.25C:* /C4?C=27* /7=2.5:7F*/.=./23=5F25M07F*M07*:C0F*.11C:F*.LC=87=S** * *

2<!-<DO:9><!=J!JB=K<9=!:BJ:<M;!

!

p7*`*F71W/.=7*g*0:*7F2*27=47*.:Q1.5F*M05*/C==7F?C:8*I*1.*?=5F7*7:*/<.=Q7*72*1.*Q7F25C:* 87* F.* F.:23* 72* 87* FC:* L57:i_2=7* ?.=* 1A5:85P580* 105i4_47S* +7* 4.:5Z=7* Q3:3=.17^* 17* F71W/.=7*83F5Q:7*0:*/C4?C=2747:2*72*0:*4C87*87*P57*5:/10.:2*85WW3=7:27F*/C4?CF.:27F* /C447* 1.* ?=3P7:25C:^* 1A<UQ5Z:7* .1547:2.5=7* C0* 7:/C=7* 1A380/.25C:* ?<UF5M07S* pA.02C4385/.25C:*=7F?C:F.L17*7F2*3Q.1747:2*0:*87F*.F?7/2F*80*F71W/.=7*>EBS* #1*/C==7F?C:8*8C:/*I*1A.02C4385/.25C:^*.//C4?.Q:37*87F*=ZQ17F*<UQ53:C8532325M07F* M05*FA54?CF7:2S** Y7227*?=.25M07*?7=472*.5:F5*0:7*=3?C:F7*Q1CL.17*I*0:*L7FC5:*76?=543*?.=*17F*?.257:2F^* 87*?10F*7:*?10F*I*1.*=7/<7=/<7*87*L57:i_2=7^*8A.02C:C457*72*FC0/5706*87*?=3F7=P7=*170=* F.:23S** p7* F71W/.=7* =7Q=C0?7* ]* F2.202F* 87* ?=C8052F* P7:80F* 7:* CWW5/5:7* 72* 85F?C:5L17F* F.:F* ?=7F/=5?25C:* >72* 8C:/* :C:* =74LC0=F3B* V* 17F* 4385/.47:2F* 8A.02C4385/.25C:^* 17F* 85F?CF525WF*4385/.06*>+9B*r*17F*85F?CF525WF*4385/.06*87*85.Q:CF25/*5:*P52=C*>+9+#$B*72*

(20)

* "#$%&#'!(!)!*+#,-#..&!/'!0&%12#-&!3&%45!%6789:7! ! '71C:* 1A\-#;\^* 17* /C:27627* ./2071* 7F2* W.PC=.L17* I* 1A347=Q7:/7* 80* F71W/.=7* /C447* =3?C:F7*80=.L17*.06*7:T706*87*F.:23*?0L15M07S*p7*FUF2Z47*87*F.:23*7F2*.0TC0=8A<05* /C:W=C:23* I* 87F* 83W5F* F2=0/20=71F* >83W5/52* 87* 1A\FF0=.:/7* 9.1.857^* F.20=.25C:* 87F* /.L5:72F* 4385/.06* 72* 87F* F7=P5/7F* 8A0=Q7:/7F^* 83P71C??747:2* 87F* 4.1.857F* /<=C:5M07F*72*87*1C:Q07*80=37B*72*F7*2=C0P7*7:*5:.83M0.25C:*.P7/*17F*765Q7:/7F*87F* -=.:c.5F*7:*4.25Z=7*87*F.:23S**

(21)

pA\-#;\* FC01ZP7* 8C:/* 1A<U?C2<ZF7* M07* 17* 83P71C??747:2* 87* 1A.02C4385/.25C:* ?7=4722=.52*87*83Q.Q7=*87F*3/C:C457F*87*F.:23*:C:*:3Q15Q7.L17F*.0*P0*80*/C:27627* ./2071S** pA.02C4385/.25C:* ?C0==.52* 8C:/* =3Q017=* 17* ?.=/C0=F* 87* FC5:F* ?C0=* 17F* ?.2<C1CQ57F* L3:5Q:7F*72*87P7:5=*0:7*?=745Z=7*32.?7*80*?.=/C0=F*87*FC5:FS** * *

2<?!C<=P!N>9J:Q<?!C<!DI9=;BAFCE:9;EBJ!!

!

!

"#$%&#'!;!)!<&3!/&'=!$-#52>&3!/&!%6#'?4.@/+2#?+45! ! *

(22)

pA.02C4385/.25C:* F7* F3?.=7* 7:* 8706* L=.:/<7F* V* 1.* 4385/.25C:* `* W.4515.17* g* 72* 1A.02C4385/.25C:*=7F?C:F.L17*CWW5/5:.17S*** p.* 4385/.25C:* W.4515.17* W.52* =3W3=7:/7* I* 1A7:F74L17* 87F* 4385/.47:2F* ?=3F7:2F* .0* 8C45/517*87F*?.257:2F^*8.:F*170=*.=4C5=7*I*?<.=4./57^*F0F/7?25L17F*8A_2=7*02515F3F*?.=* 1A7:F74L17*87F*474L=7F*87*/7227*W.45117*>.80127*/C447*7:W.:2BS*p7F*4385/.47:2F* ?70P7:2*?=CP7:5=*8A0:*./<.2*?7=FC::71*7:*?<.=4./57^*8A0:7*8315P=.:/7*7:*`*76/ZF*g* F0=*0:7*C=8C::.:/7*.:23=570=7^*C0*L57:*8A0:*?<3:C4Z:7*87*?10F*7:*?10F*?=3F7:2*V* 1A./<.2* ?.=* 5:27=:72S* Y7227* /C:FC44.25C:* 4385/.47:270F7* 7F2* .1C=F* 7:25Z=747:2* .02C:C47*72*?702*F7*W.5=7*F.:F*.P5F*4385/.1*C0*?<.=4./C1CQ5M07S**%117*F7*L.F7*F0=* 1A.:.1UF7*80*?.257:2*0:5M0747:2*C0*87*FC:*7:2C0=.Q7^*F7*Q058.:2*?.=*F.*/C::.5FF.:/7* 4385/.17*?=C?=7^*72*FC:*.FF5451.25C:*I*0:7*FU4?2C4.2C1CQ57*0123=570=7*587:25M07*C0* .??.=7:27S*Y7227*`*.02C*?=7F/=5?25C:*g*?702*8C::7=*1570*I*0:*=5FM07*87*43F0F.Q7*C0*I* 0:7*02515F.25C:*5:.??=C?=537*80*4385/.47:2S** p.*4385/.25C:*CWW5/5:.17*>/*4R/*SB*=3?C:8*M0.:2*I*7117*I*87F*/=52Z=7F*P5F.:2*I*Q.=.:25=* 1.*F3/0=523*80*?.257:2S*Y7F*4385/.47:2F*852F*87*`*4385/.25C:*CWW5/5:.17*g*FC:2*87F25:3F* I*FC5Q:7=*87F*FU4?2@47F*/C0=.:2F*?7:8.:2*0:7*/C0=27*?3=5C87^*M05*:7*:3/7FF527:2* ?.F* 1A5:27=P7:25C:* 8A0:* 4387/5:^* 72* 8C5P7:2* _2=7* .//C4?.Q:3F* 87F* /C:F751F* 80* ?<.=4./57:S*#1F*85F?CF7:2*87*?10F*8A0:*/C:8525C::747:2*>8CF.Q7^*80=37*87*2=.52747:2B* 72*87*:C25/7F*8a5:WC=4.25C:F*.8.?237FS* Y7227*/.23QC=57*87*4385/.47:2F*/C4?=7:8^*8A0:7*?.=2^*17F*4385/.47:2F*852F*87*`*15L=7* .//ZF*g*>/*4B*8C:2*1.*?=745Z=7*15F27*.*323b*83W5:57*?.=*17*83/=72*:sNOOHiKqD*80*]O*T05:* NOOHS*Y7227*15F27*7F2*=3Q015Z=747:2*45F7*I*TC0=*>87=:5Z=7*45F7*I*TC0=*7:*4.5*NODJ^*15F27* 85F?C:5L17*F0=*17*F527*87*1A\"'9BS*+A.02=7*?.=2^*17F*.02=7F*4385/.47:2F*.//7FF5L17F* F.:F*C=8C::.:/7*>C0*87*?=7F/=5?25C:*4385/.17*W./012.25P7B*M05*:7*FC:2*?.F*.02C=5F3F* 7:*`*15L=7*.//ZF*gS** p7F*4385/.47:2F*852F*87*`*DEN><!9::T?*g*FC:2*85=7/2747:2*.//7FF5L17F*?.=*17*?.257:2^* 8.:F*0:*7F?./7*45F*7:*?1./7*PC1C:2.5=747:2*?.=*17*?<.=4./57:^*F?3/5.1747:2*=3F7=P3^* L57:* 83154523* 72* I* ?=C654523* 80* /C4?2C5=* >KBS* Y72* 7F?./7* /C4?C=27* 3Q.1747:2* 87F* 47FF.Q7F*8A380/.25C:*2<3=.?7025M07*72*87*?=3P7:25C:S*p7F*?=56*8C5P7:2*_2=7*F5Q:.13F* 87*4.:5Z=7*.8.?237*72*15F5L17*?C0=*17*/C:FC44.270=*>JB*>HBS*

(23)

'71C:* 1A.=25/17* N* 80* +3/=72* :s* NOOHiKqD* 80* ]O* T05:* NOOH* =71.25W* .06* 4385/.47:2F* 85F?C:5L17F*7:*.//ZF*85=7/2*8.:F*17F*CWW5/5:7F*87*?<.=4./57^*87F*W5/<7F*8A5:WC=4.25C:F* F0=*0:7*?.2<C1CQ57^*C0*F0=*0:*?=C8052^*8C5P7:2*_2=7*45F7F*I*1.*85F?CF525C:*80*?.257:2S*#1* ?702*3Q.1747:2*F7*17F*?=C/0=7=*F0=*17*F527*5:27=:72*87*1A\Q7:/7*".25C:.17*87*'3/0=523* 80*9385/.47:2*72*87F*?=C8052F*87*F.:23*>\"'9BS*Y7F*W5/<7F*P57::7:2*/C4?1327=*17* /C:F751*80*?<.=4./57:^*.8.?23*I*FC:*?.257:2S** %:*/C:/10F5C:^*17F*CLT7/25WF*80*15L=7*.//ZF*FC:2*V** •* ** ;7=4722=7* .0* ?.257:2* 87* /<C5F5=* 15L=747:2* FC:* 4385/.47:2* 2C02* 7:* 32.:2* .//C4?.Q:3*?.=*17*/C:F751*5:85P580.15F3*80*?<.=4./57:^*M05*?702*F5*:3/7FF.5=7* 17*=3C=57:27=*8.:F*FC:*/<C56** •* **;7=4722=7*1A.//ZF*.0*4385/.47:2*87*?=745Z=7*:3/7FF523^*.//C4?.Q:3*8A0:7* 5:WC=4.25C:*.8.?237*72*87*M0.1523^*P5.*17*/C:F751*72*1.*8C/047:2.25C:^*2C02*7:* FA.WW=.:/<5FF.:2*8A0:7*/C:F012.25C:*4385/.17** •* **+.:F*FC:*=@17*87*?=CW7FF5C::71*87*F.:23*=7F?C:F.L17^*17*?<.=4./57:*85F?7:F7* 0:* /C:F751* .8.?23* .06* .:23/387:2F* 87* FC:* ?.257:2S* #1* .FF0=7* 3Q.1747:2* 0:* F7=P5/7*87*?=C654523*72*0:7*?7=4.:7:/7*8A.//7FF5L51523*.0*4385/.47:2^*2C02*7:* F7*Q.=8.:2*17*8=C52*87*=7W0F7=*0:7*P7:27^*F5*1.*F520.25C:*:3/7FF527*0:*.P5F*4385/.1S* %:*7WW72^*1.*?=5F7*7:*/<.=Q7*?.=*.02C4385/.25C:*=7F?C:F.L17^*:7*8C52*?.F*W.5=7* /C0=5=*87*=5FM07*.0*?.257:2^*:5*=72.=87=*17*85.Q:CF25/^*:5*4.FM07=*0:7*?.2<C1CQ57* FC0FiT./7:27^*:5*=72.=87=*1.*45F7*7:*=C027*8A0:*2=.52747:2*?C27:2571S** #1*765F27*0:7*?.=25/01.=523*?C0=*17F*4385/.47:2F*87*15L=7*.//ZFS*YC:2=.5=747:2* .06*.02=7F*4385/.47:2F^*170=*?0L15/523*.0?=ZF*80*Q=.:8*?0L15/*7F2*.02C=5F37S** '71C:* 17* YC87* 87* 1.* '.:23* ;0L15M07^* `* ,:* 7:27:8* ?.=* ?0L15/523* ?C0=* 17F* 4385/.47:2F* I* 0F.Q7* <04.5:* 2C027* WC=47* 8a5:WC=4.25C:F^* U* /C4?=5F* 17* 834.=/<.Q7^* 87* ?=CF?7/25C:* C0* 8a5:/52.25C:* M05* P5F7* I* ?=C4C0PC5=* 1.* ?=7F/=5?25C:^*1.*8315P=.:/7^*1.*P7:27*C0*1.*/C:FC44.25C:*87*/7F*4385/.47:2F^* I*1a76/7?25C:*87*1a5:WC=4.25C:*85F?7:F37^*8.:F*17*/.8=7*87*170=F*WC:/25C:F^*?.=* 17F*?<.=4./57:F*Q3=.:2*0:7*?<.=4./57*I*0F.Q7*5:23=570=*g*>GBS* *

(24)

#1*765F27*/7?7:8.:2*87F*76/7?25C:FS*%:*7WW72^*87F*/.4?.Q:7F*?=C4C25C::7117F*.0?=ZF* 80*Q=.:8*?0L15/*FC:2*.02C=5F37F*?C0=*17F*P.//5:F*>FC045F*I*?=7F/=5?25C:*4385/.17*C0* =74LC0=F.L17FB*.5:F5*M07*?C0=*17F*?=C8052F*87*F7P=.Q7*2.L.Q5M07*>DOBS** p.*?0L15/523*87F*P.//5:F*.0?=ZF*80*Q=.:8*?0L15/*.*/7?7:8.:2*0:7*/C:8525C:*I*=7F?7/27=S* #1F*8C5P7:2*W5Q0=7=*F0=*1.*15F27*32.L157*?.=*1A\==_23*80*NH*F7?274L=7*NODNS*p7F*P.//5:F* /C:/7=:3F*FC:2*17F*F05P.:2F*>DOB*V** •* *p7F*P.//5:F*/C:2=7*1.*=C0Q7C17^*17F*C=7511C:F^*1.*=0L3C17*f** •* *p7F*P.//5:F*/C:2=7*1.*43:5:Q527*Y*f** •* *p7F*P.//5:F*/C:2=7*1.*Q=5??7*F.5FC::5Z=7*f** •* *p7F*P.//5:F*/C:2=7*1.*85?<23=57^*17*232.:CF^*1.*?C15C4U31527^*1.*/CM0710/<7*f** •* *p7F*P.//5:F*/C:2=7*1.*20L7=/01CF7*f** •* p7F*P.//5:F*/C:2=7*17F*5:W7/25C:F*I*?:704C/CM07FS** Y7F*8706*76/7?25C:F*C:2*?C0=*CLT7/25W*1.*?=C27/25C:*87*1.*F.:23*?0L15M07S** * p7F* 4385/.47:2F* `* /*S* g* >/C4L5:.25C:* CW* ?=7F/=5?25C:* .:8* CP7=i2<7i/C0:27=B* /C==7F?C:87:2* I* 87F* 4385/.47:2F* 87* ;9-* =74LC0=F.L17F^* 85F?C:5L17F* F.:F* C=8C::.:/7* 8C:/* 1.* ?10?.=2* 80* 274?F* :C:* =74LC0=F3F* 4.5F^* 51F* ?70P7:2* _2=7* =74LC0=F3F*F0=*?=3F7:2.25C:*8A0:7*?=7F/=5?25C:*4385/.17S** * * * * * * *

(25)

***** * * "#$%&#'!A!)!B4.C#-#?+1!&5?-&!%#!D@/+2#?+45!E11+2+5#%&!&?!%#!D@/+2#?+45!8#.+%+#%&! ! Y7*2.L17.0*F3?.=7*1.*4385/.25C:*W.4515.17*87*1.*4385/.25C:*CWW5/5:.17*7:*N*F/<34.F* 2U?7F* ?7=4722.:2* 87* Q0587=* 17* ?.257:2* 1C=F* 87* FC:* .02C4385/.25C:* 32.?7* ?.=* 32.?7* V* 8A0:7* ?.=2* 1.* 4385/.25C:* CWW5/5:.17* Q05837* ?.=* 17* ?<.=4./57:* 87P.:2* 1.* FU4?2C4.2C1CQ57*80*?.257:2^*8A.02=7*?.=2*1.*4385/.25C:*W.4515.17^*1.5FF.:2*F701*17*?.257:2* 8.:F* FC:* .:.1UF7* 72* =7/C::.5FF.:/7* 87F* FU4?2@47F^* F701* 87P.:2* FC:* /<C56* 2<3=.?7025M07^* F701* 8.:F* FC:* ?.=/C0=F* 87* FC5:S* \5:F5* 2=.:F?.=.52* 17* =5FM07* 87* 43F0F.Q7S**

9385/.25C: ,WW5/5:.17

9385/.25C:*-.4515.17*

%2.?7*D t%:*5:27==CQ7.:2*4C:* ?<.=4./57:^*51*4a.587*I* 587:25W57=*47F*FU4?2@47F %2.?7*N t#1*4aC=57:27*P7=F*17*2=.52747:2* 17*?10F*.8.?23* %2.?7*] t#1*47*/C:F75117*F0=*17*LC:* 0F.Q7*80*4385/.47:2*72*17F* =ZQ17F*I*F05P=7* %2.?7*q* t#1*47*/C:F75117*8a.117=*PC5=*4C:* 4387/5:*F5*47F*FU4?2@47F* Fa.QQ=.P7:2*C0*?7=F5F27:2*.0i 871I*87*1.*80=37*87*2=.52747:2* M0a51*4a.*5:85M03* %2.?7*D tXa587:25W57*47F*FU4?2@47F* .06M071F*Ta.5*83TI*323*/C:W=C:23* %2.?7*N tX7*/<C5F5F*0:*4385/.47:2*8.:F* 4C:*.=4C5=7*I*?<.=4./57*M05*47* F74L17*.8.?23* %2.?7*] tX7*15F*1.*:C25/7^*=7F?7/27*1.* ?CFC1CQ57*72*1.*80=37*87*2=.52747:2* tX7*P3=5W57*1.*8.27*87*?3=74?25C:*80* 4385/.47:2 %2.?7*q* tX7*/C:F0127*4C:*4387/5:*F5*47F* FU4?2@47F*Fa.QQ=.P7:2*C0* ?7=F5F27:2*.0i871I*87*1.*80=37*87* 2=.52747:2*5:85M037*

(26)

-E;=9;EBJ!C<!DI9=;BAFCE:9;EBJ!<J!8>9J:<!!

!

p7* 4.=/<3* W=.:c.5F* 87* 1A.02C4385/.25C:* 7F2* 4C5:F* 83P71C??3* 7:* /C4?.=.5FC:* 87F* .02=7F*?.UF*70=C?37:F*>DDBS** %:*7WW72*17*NZ*,LF7=P.2C5=7*%0=C?37:*F0=*1A\02C4385/.25C:*87*X05:*NODq*=7:8*/C4?27* 72* /C4?.=7* 1.* F520.25C:* 87* 1A.02C4385/.25C:* 8.:F* <052* ?.UF* 70=C?37:F* >-=.:/7^* \1174.Q:7^* [71Q5M07^* ;.UFi[.F^* %F?.Q:7^* #2.157^* '0Z87* 72* &CU.047i!:5* u%!* HvB* I* 2=.P7=F*1A.:.1UF7*87*85WW3=7:2F*/=52Z=7F*72*5:85/.270=F*>?.=2*87*4.=/<3^*:5P7.0*87F*?=56* 87F* F?3/5.1523F* /C:/7=:37F^* ?C58F* 87F* /.:.06* 87* 85F2=5L025C:^* ?C27:2571* 87* 83P71C??747:2^*72/B*>DNBS* * p.*-=.:/7*.WW5/<7*.5:F5*2C0TC0=F*0:7*?.=2*87*4.=/<3*87*1A.02C4385/.25C:*5:W3=570=7*I*1.* 4CU7::7*87F*H*?.UF*320853F*>DESJw*PFS*NESJw*7:*PC1047*7:*NOD]BS*** \02=7* /C:F2.2^* 1.* 83?7:F7* 4CU7::7* 7:* -=.:/7* ?.=* 4C5F* 72* ?.=* <.L52.:2* 7:* 4385/.47:2F* 8A.02C4385/.25C:* 7F2* ?.=45* 17F* ?10F* W.5L17F* 8A%0=C?7* V* I* F.PC5=* 0:7* 83?7:F7*5:W3=570=7*I*]*70=CF*>]N^qO*70=CF*?.=*.:*FC52*N^JO*70=CF*?.=*4C5FBS*\*1A5:P7=F7^* 17F*.02=7F*?.UF*%0=C?37:F*83?7:F7:2*7:*4CU7::7*qN^qO*70=CF*?.=*.:*72*?.=*<.L52.:2^* FC52*]^E]*70=CF*?.=*4C5FS*** p7F* 17.87=F* 7:* 27=47F* 8A.02C4385/.25C:* FC:2* =7?=3F7:23F* ?.=* 1A\1174.Q:7* 72* 17* &CU.047* !:5S* p.* -=.:/7* ?=3F7:27^* :3.:4C5:F^* 0:* ?C27:2571* 87* 83P71C??747:2* 87* 1A.02C4385/.25C:*54?C=2.:2S** * Y7F*85F?.=523F*FA76?15M07:2*?.=*1A5:W107:/7*87*8706*4C8Z17F*8AC=Q.:5F.25C:*87F*FC5:F* ?=54.5=7F* 85WW3=7:2F* V* 17* FUF2Z47* [7P7=58Q7* P7=F0F* [5F4.=/o57:* f* 1.* /0120=7* 87* 1.* =7F?C:F.L51523*87F*?.257:2F*72*17*:5P7.0*87*?=56S** p7*FUF2Z47*[7P7=58Q57:*=7?=7:8*0:7*1CQ5M07*.FF5F2.:257117^*83P71C??37*?.=*17F*5837F* 87*1A3/C:C45F27*x5115.4*[7P7=58Q7S** '0527*I*1.*874.:87*80*QC0P7=:747:2*L=52.::5M07*7:*DGqN^*51*=385Q7*0:*=.??C=2*F0=*17* FUF2Z47*8A.FF0=.:/7*4.1.857^*?=C?CF.:2*87*17*=7WC:87=*F0=*?10F570=F*?=5:/5?7F*V** i* !:5P7=F.1523* 87* 1.* ?=C27/25C:* FC/5.17* ?.=* 1.* /C0P7=20=7* 87* 2C027* 1.* ?C?01.25C:* >C0P7=20=7*87F*8=C52F*5:85P58071FB*72*87*2C0F*17F*=5FM07F**

(27)

i* !:5WC=4523*87F*?=7F2.25C:F*WC:837*F0=*17F*L7FC5:F*87F*5:85P580F*72*:C:*F0=*170=F* ?7=27F*87*=7P7:0F*7:*/.F*87*F0=P7:07*8A0:*=5FM07** i* !:523*87*Q7F25C:*32.25M07*87*1A7:F74L17*87*1.*?=C27/25C:*FC/5.17** i* -5:.:/747:2*L.F3*F0=*1A54?@2** * p7* FUF2Z47* [5F4.=/o* 32.:2^* M0.:2* I* 105^* L.F3* F0=* 0:7* 1CQ5M07* .FF0=.:257117* 72* 83P71C??3*?.=*17*/<.:/7157=*.1174.:8*,22C*$C:*[5F4.=/oS* +7P7:0* 0:7* W5Q0=7* 74L134.25M07* 87* 1.* ?=C27/25C:* FC/5.17* 7:* \1174.Q:7* I* 1.* W5:* 80* n#nZ* F5Z/17^* F0527* I* 1.* 45F7* 7:* ?1./7* 80* FUF2Z47* 87* ?=C27/25C:* FC/5.17* /C:2=7* 17F* =5FM07F* 4.1.857* >DHH]B^* .//587:2F* 87* 2=.P.51* >DHHqB^* P575117FF7* 72* 5:P.158523* >DHHGBS* ;10F570=F*?=5:/5?7F*FC0Fi27:87:2*/7*4C8Z17*.FF0=.:2571*V** i* ;=C27/25C:*WC:837*0:5M0747:2*F0=*17*2=.P.51*72*F0=*1.*/.?./523*87F*5:85P580F*I* FAC0P=5=*87F*8=C52F*Q=l/7*I*170=*./25P523*?=CW7FF5C::7117** i* ;=C27/25C:*CL15Q.2C5=7** i* ;=C27/25C:* =7?CF.:2* F0=* 0:7* ?.=25/5?.25C:* W5:.:/5Z=7* 87F* C0P=57=F* 72* 87F* 74?1CU70=F*M05*?=7:8*1.*WC=47*87*/C25F.25C:F*FC/5.17F** i* YC25F.25C:F* M05* :7* FC:2* ?.F* ?=C?C=25C::7117F* .06* =5FM07F* y* /C447* 8.:F* 1.* 1CQ5M07*.FF0=.:257117*?0=7*y*4.5F*.06*F.1.5=7FS*,:*?.=17*.5:F5*87*`*FC/5.15F.25C:* 80*=5FM07*g** i* ;=C27/25C:*Q3=37*?.=*17F*F.1.=53F*72*17F*74?1CU70=F** \02=7F* 76?15/.25C:F^*8.:F* /7=2.5:F* ?.UF* 70=C?37:F^* 87F* 4385/.47:2F* ?70P7:2* _2=7* P7:80F*7:*87<C=F*87F*?<.=4./57F*>&CU.047i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qE*w*80*:C4L=7* 87*LCz27F*P7:807F*7:*?<.=4./57*72*DGw*87*170=*/<5WW=7*8A.WW.5=7*>Y\BS*!:7*45:C=523*

(28)

$KBD=;EBJ!<;!M<>?M<:;EK<?!C<!DI9=;BAFCE:9;EBJ!<J!8>9J:<!!

!

*'!C4+5?!/&!F'&!/&!%672#/@.+&!G#?+45#%&!/&!D@/&2+5&!!

!!

%:*NOOJ^*0:7*F3.:/7*87*1A\/.83457*".25C:.17*87*9387/5:7*27:07*/C:TC5:2747:2*.P7/* 1A\/.83457*".25C:.17*87*;<.=4./57^*W.52*17*?C5:2*F0=*1A.02C4385/.25C:*72*F0=*1A3PC1025C:* 87F*?=.25M07F*I*P7:5=*>D]BS* %:* 7WW72^* /7227* F3.:/7* W.52* 17* /C:F2.2* M07* 17* W106* 8A5:WC=4.25C:F* 5:525.1747:2* P7=25/.1^* 3PC107*P7=F*1.*2=.:FP7=F.1523^*87*?.=2*1A.//ZF*85=7/2*/=C5FF.:2*I*/7227*5:WC=4.25C:S*p7* 4.1.87*87P57:2*.1C=F*0:*./270=*85=7/2*87*F.*F.:23*?.=*/7227*5:WC=4.25C:*72*FA54?15M07* 8.:F* 17* ?=C/7FF0F* 85.Q:CF25M07* 72* 2<3=.?7025M07S* #1* 765F27* .1C=F* 0:* =5FM07* 8A7==70=* ?C0P.:2*7:2=.5:7=*0:*2=.52747:2*5:.8.?23^*PC5=7*5:02517S** %:*?.=.11Z17*7F2*3Q.1747:2*.??.=07*1.*:C25C:*?10F*WC=47117*87*/C:F7:2747:2*3/1.5=3b* .06*FC5:FS*Y7227*F520.25C:*87*W.52*.*323*7:/C=7*.//7:2037*?.=*1A.8C?25C:*87*1.*pC5*80*q* 4.=F*NOON*8527*80*{{*+=C52*87F*4.1.87F*AA*/C:805F.:2*I*0:*87PC5=*8A5:WC=4.25C:F*?C0=*17* ?=CW7FF5C::71S** #1*7F2*54?C=2.:2*87*?=7:8=7*7:*/C4?27*M07^*/C:2=.5=747:2*I*/7=2.5:7F*5837F*=7c07F^*17F* FC0=/7F*8A5:WC=4.25C:F*80*?0L15/*87P57::7:2*87*?10F*7:*?10F*W5.L17F^*72*4_47*?C5:207F* V*FUF2Z47*87F*L1CQF*72*87F*k5o57F*.06M071F*?.=25/5?7:2*87F*F?3/5.15F27F*M05*31ZP7:2*17* :5P7.0*8A5:WC=4.25C:F*I*0:*87Q=3b*?.=WC5F*2=ZF*F.25FW.5F.:2S** i*17F*L1CQF*FC:2*87F*7F?./7F*87*85.1CQ07*?7=4722.:2*.06*?.=25/5?.:2F*87*8C::7=*87F* 5:WC=4.25C:F^*8A76?=547=*170=*C?5:5C:^*72*4_47*87*8C::7=*87F*/C:F751F*FC0F*0:7*WC=47* 2=ZF*85=7/27^*.8.?237*.06*M07F25C:F*M0A51F*?70P7:2*F7*?CF7=S** i*17F*k5o57F*>x5o5?785.^*FC=27*8A7:/U/1C?3857*P5=207117B*?7=47227:2*0:7*45F7*7:*/C440:* 80*F.PC5=^*2<Z47*?.=*2<Z47^*Q=l/7*I*0:7*.1547:2.25C:*85=7/27*87F*?.=25/5?.:2FS** 9.5F*7:*?=.25M07*=57:*:7*Q.=.:252*.0*4.1.87*1A76./252087*87*1A5:WC=4.25C:*8C:2*51*?=7:8* /C::.5FF.:/7S**

(29)

-./7* I* /7227* F520.25C:^* 17F* ?=CW7FF5C::71F* 87* F.:23b^* .?=ZF* 17F* ?=745Z=7F* =325/7:/7F* 87P=C:2*FA.8.?27=^*:C:*F701747:2*7:*?.=2.Q7.:2*170=*F.PC5=*.P7/*170=F*4.1.87F^*7:* =3?C:8.:2*L57:*F|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l/7*I*87F*/C:F751F*.8.?23FS*#1*7F2*I*FC015Q:7=* M07*17F*?=C8052F*8A.02C4385/.25C:*:7*FC:2*?.F*7674?2F*87*=5FM07F*8A7WW72F*5:83F5=.L17F* ?.=WC5F* Q=.P7F* 4.5F* .0FF5* 8A5:27=./25C:F* 4385/.47:270F7F* .P7/* 87F* 4385/.47:2F* ?=7F/=52F*?.=*.51170=FS** +A.02=7* ?.=2^* 1A\/.83457* ".25C:.17* 87* 9387/5:7* =7/C44.:87* 0:* 83P71C??747:2* 8A./25C:F* /C:TC5:27F* ?7=4722.:2* 8A.4315C=7=* 1.* ?=3P7:25C:* 87* 1.* 5.2=CQ3:ZF7* 4385/.47:270F7*72*17*LC:*0F.Q7*80*4385/.47:2*.02C0=*87*/C:2=.2F*87*LC:*0F.Q7*I* 4722=7*7:*?1./7*1C/.1747:2*7:2=7*17F*?=CW7FF5C::71FS** *

*'!C4+5?!/&!F'&!/'!D+5+3?H-&!/&!%#!0#5?@!!

!

%:* X.:P57=* NOOJ^* 17* 95:5F2Z=7* 87* 1.* '.:23* ?0L157* 0:* =.??C=2* F0=* 1.* F520.25C:* 87* 1A.02C4385/.25C:* 7:* -=.:/7* 72* ?7=F?7/25P7F* 8A3PC1025C:^* 7:* .:.1UF.:2* ]* ?C5:2F* V* 4.=/<3F^*/C4?C=2747:2F*72*?CF525C:F*87F*./270=FS*

pA.02C4385/.25C:*C//0?7*0:7*?1./7*/7:2=.17^*?.=*=.??C=2*I*1.*:3/7FF523*8A0:7*?C1525M07* 3/C:C45M07* 80* 4385/.47:2* =7F?C:F.L17* 72* 87* 1.* =7F?C:F.L515F.25C:* 80* /52CU7:* F0=* F7F*?=CL1Z47F*87*F.:23^*.//7:2037*?.=*1.*1C5*80*q*4.=F*NOON^*8527*80*`*+=C52F*87F* 4.1.87F* g^* 32.L15FF.:2* ?.=* .51170=F* 17* 87PC5=* 8A5:WC=4.25C:F* ?.=* 17* ?=CW7FF5C::71* 87*

(30)

Y7*=.??C=2*?=3/C:5F.52*V** i*+7*/C:W5=47=*1A0:5/523*80*4385/.47:2^*?.=*1.*4_47*3P.10.25C:*72*1.*4_47*Q.=.:257* 87* F3/0=523^* .5:F5* M07* 17* 4_47* /5=/052* 87* 85F2=5L025C:* CWW5/5:.1* 76/10F5W* ?C0=* 17F* F?3/5.1523F*8a.02C4385/.25C:*72*17F*4385/.47:2F*87*;=7F/=5?25C:*9385/.17*,L15Q.2C5=7* >;9,BS** i*+7*Q.=.:25=*1a.8.?2.25C:*87F*4385/.47:2F*I*0:*0F.Q7*7:*.02C4385/.25C:S*Y7/5*?.FF7* ?.=*?10F570=F*31347:2F*V** DS* !:7*587:25W5/.25C:*87F*4385/.47:2F*.8.?23F*I*0:7*?=5F7*7:*/<.=Q7*?7=FC::7117* 87*170=F*FU4?2@47FS** NS* p.* 15F5L51523* 87F* :C25/7F* 8C52* _2=7* .4315C=37* .W5:* 87* Q.=.:25=* 17* LC:* 0F.Q7* 80* 4385/.47:2S** ]S* p7F* 5:85/.25C:F* 72* 17F* /C:8525C::747:2F* 8C5P7:2* _2=7* .8.?23F* ?C0=* 154527=* 17* =5FM07*87*43F0F.Q7*72*/C==7F?C:8=7*I*1.*80=37*87F*2=C0L17FS** qS* p.* +3:C45:.25C:* YC440:7* #:27=:.25C:.17* >+Y#B* 8C52* W5Q0=7=* 87* W.cC:* /1.5=7^* 15F5L17*72*.5F347:2*=7?3=.L17*F0=*17*/C:8525C::747:2S** ES* p7F* =7/<7=/<7F* L5C4385/.17F* 7WW7/2037F* 8.:F* 17* /.8=7* 87* 1aCL27:25C:* 87* 1a\02C=5F.25C:* 87* 95F7* F0=* 17* 9.=/<3* >\99B* 8C5P7:2* /C4?C=27=* 87F* 7FF.5F* .8.?23F*I*1a02515F.25C:*7:*.02C4385/.25C:S** KS* p7*85F?CF525W*87*?<.=4./CP5Q51.:/7*8C52*_2=7*.8.?23*I*/7*4.=/<3S** i*+7*W./51527=*17*8315F2.Q7*87F*4C13/017F*5::CP.:27F*8.:F*17*L02*8a.8.?27=*17*/<.4?*87F* ?=C8052F* .//7FF5L17F* 7:* .02C4385/.25C:* .06* L7FC5:F* 87F* ?.257:2FS* p.* FC0=/7* 8a.1547:2.25C:* 80* 4.=/<3b* 87* 1a.02C4385/.25C:* :7* 8C52* .5:F5* ?.F* F7* 154527=* .0* 83=74LC0=F747:2*87F*4385/.47:2F*:7*L3:3W5/5.:2*?.F*8a0:*'7=P5/7*9385/.1*&7:80* >'9&B*F0WW5F.:2S*Y7/5*8C52*?7=4722=7*17*83P71C??747:2*72*1.*/=385L51523*80*F7/270=*87* 1a.02C4385/.25C:S** i*+A5:F/=5=7*1a.02C4385/.25C:*8.:F*17*4C0P747:2*87*=7F?C:F.L515F.25C:*87F*?.257:2F*72* 87*LC:*0F.Q7*80*4385/.47:2S*Y7/5*8C52*?.FF7=*?.=*1.*/C440:5/.25C:*87F*5:F252025C:F* 72* 1a38525C:* 87* W5/<7F* 8a5:WC=4.25C:F* 72* 87* =3W3=7:2571F* 87* ?=5F7* 7:* /<.=Q7* ?C0=* 17F* ?.257:2FS**

(31)

i* +7* 83P71C??7=* 1a5:WC=4.25C:* 87F* ?.257:2F* 72* 87F* ?=CW7FF5C::71F* 87* F.:23b* F0=* 1a.02C4385/.25C:S*pa5:WC=4.25C:*?C0=*17*?.257:2*8C52*?.=25=*80*FU4?2@47*?102@2*M07*80* ?=C8052S* !:* 7F?./7* 87* /C:F751* 8C52* _2=7* .43:.Q3* ?.=* 17* ?<.=4./57:S* !:7* L.F7* 87* 8C::37F*.8.?237F*8C52*_2=7*45F7*I*85F?CF525C:*87F*4387/5:F*72*?<.=4./57:FS*!:*157:* 7:2=7* 17* +;* 72* 17* +9;* 8C52* ?7=4722=7* 17* F05P5* 87* 1a7:F74L17* 87F* 4385/.47:2F* /C:FC443F*?.=*17*?.257:2S** i* +7* /1.=5W57=* 17* 4.=/<3S* %2.L15=* 0:7* /C<3=7:/7* 87* 1.* ?C1525M07* 87* 45F7* F0=* 15F27* 72* 8315F2.Q7* 7:* .8C?2.:2* 0:7* =3W1765C:* ?.=* /1.FF7* ?<.=4./C1CQ5M07* C0* 2<3=.?7025M07S* $75117=* I* :7* ?10F* W.5=7* /C765F27=* 87F* 4C13/017F* F5451.5=7F* =74LC0=F.L17F* 72* :C:* =74LC0=F.L17F^*?C0=*0:7*4_47*5:85/.25C:S*;=3W3=7=*1.*:C25C:*87*4385/.47:2F*`*:C:* ?=5C=52.5=7F*g*I*/7117*87*`*'9&*5:F0WW5F.:2*g^*4.1*/C4?=5F7*72*?3TC=.25P7S**

!

!

*'!C4+5?!/&!F'&!/&!%6733'-#52&!D#%#/+&!!

!

p7* YC:F751* 87* 1A,=8=7* 87F* 9387/5:F* W.52* ?.=2* 87* 1.* P5F5C:* 87* 1A\FF0=.:/7* 9.1.857* /C:/7=:.:2*1A.02C4385/.25C:^*8.:F*FC:*=.??C=2*87*W3P=57=*NOOD*>DBS**

9_47* F5* 1A.02C4385/.25C:* 3/<.??7* I* 1A.:.1UF7* 87* 1A.FF0=.:/7* 4.1.857^* /7117i/5* :7* F.0=.52*=7F27=*5:85WW3=7:27*.06*?=CL1Z47F*87*FC/5323^*M05*/C:/7=:7:2*1.*/C:FC44.25C:* 87*4385/.47:2F*72*17*83P71C??747:2*87*1A5:80F2=57*?<.=4./7025M07f*I*/7*F0T72^*51*W.02* =.??717=*17F*/.4?.Q:7F*8A5:WC=4.25C:F*87*1.*Y"\9*.0*/C0=F*87F*.::37F*DGGD^*DGGN* 72* DGG]* V* }* '5! .@/+2#.&5?! I#! 5&! 3&! C-&5/! C#3! J! %#! %@,H-&! K! M05* /C:/7=:.57:2* 4.:5W7F2747:2* 1A.02C4385/.25C:* 72* =.??717=* .0FF5* 1.* F7:F5L515F.25C:* 87F* /7:2=7F* 87* ?<.=4./CP5Q51.:/7*F0=*17F*=5FM07F*5.2=CQ3:5M07F*8A0:7*.02C4385/.25C:*5:/C:F583=37S** p7F*.//587:2F*5.2=CQZ:7F*153F*I*1A.02C4385/.25C:*?70P7:2*7:2=.5:7=*87F*FC5:F*C:3=706* 72*?=C1C:Q3F^*PC5=7*:3/7FF527=*0:7*<CF?52.15F.25C:*>H^q*w*87F*?.257:2F*<CF?52.15F3F*17* FC:2*80*W.52*8A0:*7WW72*5:83F5=.L17*8AC=5Q5:7*4385/.47:270F7*8C:2*]E*w*87*?.257:2F*87* ?10F* 87* KE* .:FBS* p7F* .==_2F* 87* 2=.P.51* M05* ?70P7:2* 7:* =3F0127=* C:2* L57:* F|=* 87F*

(32)

=3?7=/025C:F* 3/C:C45M07F* :C:* :3Q15Q7.L17FS* p7F* ?=CW7FF5C::71F* 87* F.:23* 8C5P7:2* =7F27=*P5Q51.:2F*87P.:2*/7227*?=CL134.25M07S** p7F* ?C1525M07F^* 72* 17F* ?=CW7FF5C::71F* 87* 1A.FF0=.:/7^* 27:23F* 87* ?=C4C0PC5=* 1A.02C4385/.25C:* /C447* 4CU7:* 87* W./51527=* 87F* 3/C:C457F* 8.:F* 17F* 83?7:F7F* 87* F.:23* 8C5P7:2* 3Q.1747:2* /C::.52=7* /7* =5FM07* 5.2=CQZ:7* 72* 27:5=* /C4?27* 80* =.??C=2* L3:3W5/7*r*=5FM07*8.:F*1.*?=C4C25C:*87*1A.02C4385/.25C:S**

!

!

*'!C4+5?!/&!F'&!/&!%6789:7!!!

!

pa\-#;\* >\FFC/5.25C:* -=.:c.5F7* 87* 1a#:80F2=57* ;<.=4./7025M07* ?C0=* 0:7* \02C4385/.25C:* =7F?C:F.L17B* =7Q=C0?7* 17F* 5:80F2=571F* 80* F7/270=* M05* ?=C805F7:2* 72* /C447=/5.15F7:2*87F*?=C8052F*87*F.:23*85F?C:5L17F*7:*?<.=4./57*F.:F*C=8C::.:/7S* %117*83W5:52*F.*45FF5C:*/C447*87*?=C4C0PC5=*17*83P71C??747:2*87*1a.02C4385/.25C:* =7F?C:F.L17* 72* 87F* ?=C8052F* 80* 4.=/<3b* 80* 0&%12#-&! >M05* ?C0==.52* F7* 2=.805=7* ?.=* `.02CQ7F25C:gBS*%117*.FF0=7*.Q5=*8.:F*17*/.8=7*87*1.*F.:23*?0L15M07^*8.:F*1a5:23=_2*87F* ?.257:2F^* 87F* ?<.=4./57:F* 72* 87F* 5:80F2=571F* 474L=7F* 87* 1a.FFC/5.25C:^* 72* ?C0=* 1.* ?3=7::523b* 80* FUF2Z47* 87* FC5:FS* ,:* U* 83:C4L=7* ]J* 1.LC=.2C5=7F* ?<.=4./7025M07F* .8<3=7:2F^*=7?=3F7:2.:2*HO*w*80*4.=/<3b*87*1a.02C4385/.25C:S** pA\-#;\*/C440:5M07*?.=*FC:*87=:57=*CLF7=P.2C5=7*70=C?37:*F0=*1A.02C4385/.25C:*87* NOD]^*1A32.2*87F*15706*87*1.*-=.:/7*?.=*=.??C=2*I*F7?2*.02=7F*?.UF*70=C?37:F*>DNBS*%:* 7WW72^* /7* NZ* CLF7=P.2C5=7* =72=C0P7* 0:7* ?.=2* 87* 4.=/<3* 8A.02C4385/.25C:* 2C0TC0=F* 5:W3=570=7*I*1.*4CU7::7*70=C?37::7*>DE^Jw*PF*NJ^JwB^*72*87F*83?7:F7F*87*F.:23*7:* .02C4385/.25C:*?.=45*17F*?10F*W.5L17F*8A%0=C?7*f*4.1Q=3*87F*/C:8525C:F*W.PC=.L17F*.0* 83P71C??747:2* 87* 1A.02C4385/.25C:* 7:* -=.:/7* .P7/* 0:7* 87:F523* 87* 4387/5:F* Q3:3=.15F27F* 72* 5:W5=457=F* 8.:F* 1.* 4CU7::7* 70=C?37::7^* 72* 0:* ?=56* 4CU7:* W.5L17* 72* 5:W3=570=F* .06* .02=7F* ?.UF* 70=C?37:F* 87* F?3/5.1523* 8A.02C4385/.25C:* >.P7/* 0:* ?=56* 4CU7:* ((Y* 87F* F?3/5.1523F* 8A.02C4385/.25C:* I* q^E~* P7=F0F* K^N~* 7:* 4CU7::7* 7:* %0=C?7BS**

(33)

pA\-#;\* 472* 7:* .P.:2* 0:* ?C27:2571* 87* 83P71C??747:2* W.PC=.L17* I* 1A.02C4385/.25C:* .P7/* 85WW3=7:2F* .67F* I* 83P71C??7=^* F0=* 0:7* 54?01F5C:* ?C1525M07* 72* 0:7* PC1C:23* 87F* ?C0PC5=F* ?0L15/F* V* :C2.447:2* F0=* 0:* 8315F2.Q7* F54?17* 87* 4C13/017F^* 0:7* 4751170=7* =3?.=2525C:*87F*/5=/052F*87*85F2=5L025C:F*72*0:7*=745F7*7:*M07F25C:*87*1.*/0120=7*F0=*1.* =7F?C:F.L51523*87*1.*?=5F7*7:*/<.=Q7*5:85P5807117S***

*

*'!C4+5?!/&!F'&!/&!%#!C4C'%#?+45!!

!

%:* NODE* 0:7* 7:M0_27* .* 323* =3.15F37* ?.=* KO* 45115C:F* 87* /C:FC44.270=F* F0=* GqK* ?7=FC::7F^*=7?=3F7:2.25P7F*8A0:7*?C?01.25C:*W=.:c.5F7*lQ37*87*DH*.:F*72*?10F*>DqBS** p7* /C:F2.2* 7F2* W.52* M07* H* W=.:c.5F* F0=* DO* ?=.25M07:2* 1A.02C4385/.25C:S*Y7117i/5* 7F2* 1.=Q747:2*?=.25M037^*?05FM07*JH*w*87F*?7=FC::7F*5:27==CQ37F*85F7:2*U*.PC5=*=7/C0=FS* (C027WC5F^*/71.*87470=7*C//.F5C::71*V*F7017F*K*w*85F7:2*?=7:8=7*=3Q015Z=747:2*87F* 4385/.47:2F* F.:F* C=8C::.:/7* >.0* 4C5:F* 0:7* WC5F* ?.=* F74.5:7B^* .1C=F* M07* ]q* w* ?=7::7:2*=3Q015Z=747:2*87F*4385/.47:2F*?=7F/=52F*?.=*0:*4387/5:S* p7F*-=.:c.5F*M05*?=.25M07:2*1A.02C4385/.25C:*17*WC:2*?.=/7*M0A51F*85F7:2*83TI*/C::.z2=7* 17*2=.52747:2*I*?=7:8=7*>JN*wB*C0*?C0=*F7*FC5Q:7=*F.:F*.227:8=7*>KK*wB^*?10F*M07*?C0=* 3P527=*87F*83?7:F7F*5:02517F*I*1A\FF0=.:/7*4.1.857*>]O*wB*C0*3/C:C45F7=*17*?=56*8A0:7* /C:F012.25C:*>Nq*wBS* \06*?=7457=F*FU4?2@47F*8A0:7*4.1.857*L3:5Q:7^*qK*w*87F*FC:83F*85F7:2*/C447:/7=* ?.=*.227:8=7*M07*c.*?.FF7S*p7F*4385/.47:2F*:C:*?=7F/=52F*FC:2*FC0P7:2*?=5F*F0=*17* /C:F751*80*?<.=4./57:*>ED*w*87F*FC:83F*17*WC:2*FC0P7:2*C0*87*274?F*7:*274?FBS*9.5F* ]J* w* /C:F58Z=7:2* M0A51F* FC:2* 17F* 45706* ?1./3F* ?C0=* F.PC5=* M071F* 4385/.47:2F* 170=* /C:P57::7:2*17*45706S* +.:F*17*8C027^*/A7F2*2C027WC5F*P7=F*17*4387/5:*M0AC:*F7*2C0=:7=.*V*1C=FM0A51F*C:2*L7FC5:* 8A0:*.P5F*4385/.1^*GJ*w*87F*FC:83F*85F7:2*W.5=7*/C:W5.:/7*I*170=*4387/5:^*M0A51*FC52* Q3:3=.15F27*C0*F?3/5.15F27S*

(34)

;.=.8C6.1747:2^*qD*w*87F*FC:83F*/C:F58Z=7:2*M07*17F*4387/5:F*?=7F/=5P7:2*2=C?*87* 4385/.47:2F^*4.5F*F701F*DK*w*?7:F7:2*7:*/C:FC447=*2=C?S* %2*F5^*I*GD*w^*17F*-=.:c.5F*5:27==CQ3F*85F7:2*.PC5=*/C:W5.:/7*8.:F*17F*4385/.47:2F* M0A51F*?=7::7:2^*F701F*ND*w*C:2*L!?4'?!J!1#+?!2451+#52&!MN* •*1.*4.5FC:^*?=ZF*87*8706*-=.:c.5F*F0=*2=C5F*>Kq*wB*85F7:2*.PC5=*8.:F*170=*?<.=4./57* W.4515.17*L!%&!3?-+2?!.+5+.'.!C4'-!%&3!C&?+?3!$4$43!/'!O'4?+/+&5!M!P*2C027WC5F^*D]*w*U* /C:F7=P7:2*87F*LCz27F*87*4385/.47:2F*7:2.437F*8C:2*51F*:7*/C::.5FF7:2*?10F*1A0251523S* p7F*<C447F*72*W7447F*F7*FC5Q:7:2*85WW3=7447:2S*p7*/15P.Q7*4.5:27F*WC5F*/C:F2.23* 7:2=7* <C447F* 72* W7447F* 7:* 4.25Z=7* 87* F.:23* F7* =72=C0P7* 7:* 4.25Z=7* 8A.02C4385/.25C:S* p7F* W7447F* FC:2* ?10F* :C4L=70F7F* M07* 17F* <C447F* I* U* .PC5=* =7/C0=F* V* ?.=45* 17F* ?7=FC::7F* 5:27==CQ37F^* K]* w* 87F* W7447F* 1.* ?=.25M07:2*L!-@,'%+H-&.&5?!M*C0*L!C#-14+3!MQ*/C:2=7*q]*w*87F*<C447FS* •* 1A5:P7=F7^* 17F* <C447F* FC:2* ?10F* :C4L=706* I* :7* ?=7:8=7* :5* 4385/.47:2F* 8A.02C4385/.25C:* >]D* w^* /C:2=7* Dq* wB^* :5* P52.45:7F* >KD* w^* /C:2=7* q]* wB^* :5* /C4?1347:2F*.1547:2.5=7F*>KG*w^*/C:2=7*EO*wB*C0*2=.52747:2F*I*L.F7*87*?1.:27F*>KG*w^* /C:2=7*ED*wBS* +7F* 85WW3=7:/7F* Q3:3=.25C::7117F* FC:2* /C:F2.237FS* '.:F* F0=?=5F7^* 17F* ?10F* lQ3F* ?=7::7:2* L7.0/C0?* ?10F* 87* 4385/.47:2F* ?=7F/=52F* F0=* C=8C::.:/7* M07* 17F* ?10F* T70:7F*V*?.=45*:CF*FC:83F^*KK*w*87F*?10F*87*KE*.:F*7:*?=7::7:2*=3Q015Z=747:2*>.0* 4C5:F* 0:7* WC5F* ?.=* F74.5:7B^* /C:2=7* DK* w* 87F* 4C5:F* 87* EO* .:FS* %:* =7P.:/<7^* 51F* ?=.25M07:2*4C5:F*1A.02C4385/.25C:*V*]D*w*:7*?=7::7:2*T.4.5F*87*4385/.47:2F*F.:F* C=8C::.:/7^*/C:2=7*DJ*w*87F*4C5:F*87*EO*.:F€* #1*=7F27*I*F.PC5=*F5*1.*:C0P7117*Q3:3=.25C:*.0=.*87F*?=.25M07F*85WW3=7:27F*1C=FM0A7117*F7=.* ?10F*lQ37^*C0*F5*/A7F2*F54?1747:2*1A.P.:/37*7:*lQ7*M05*W.52*PC5=*17F*/<CF7F*.02=747:2^* 1.*/C4?176523*87F*?.2<C1CQ57F*31C5Q:.:2*87*1A.02C4385/.25C:S* ,:* :C27* ?70* 87* 85WW3=7:/7F* 7:2=7* 17F* /.23QC=57F* FC/5C?=CW7FF5C::7117F* 7:* 4.25Z=7* 8A.02C4385/.25C:S* Y7=27F^* /706* M05* .??.=257::7:2* .06* /.23QC=57F* .5F37F^* 8527F* `Y';•g^* FC:2* 4C5:F* :C4L=706* M07* 17F* .02=7F* I* 83/1.=7=* 1.* ?=.25M07=* L! ?-H3! -@,'%+H-&.&5?!M*>DJ*w^*/C:2=7*NH*wBS**

(35)

9.5F*/7227*85WW3=7:/7*7F2*?702i_2=7*1.*=3F012.:27*8A0:*4751170=*32.2*87*F.:23*V*KK*w*87F* Y';•*F7*85F7:2*L!-#-&.&5?!M*4.1.87F^*/C:2=7*qG*w*87F*Y';iS*+7*4_47^*KJ*w*87F* Y';•*85F7:2*?=.25M07=*0:7*./25P523*?<UF5M07*=3Q015Z=7^*/C:2=7*ED*w*87F*Y';iS*

pA7:M0_27* $5.PC5/7* =3.15F37* ?C0=* NO* 95:027F* >DEB^* =3.15F37* 7:* NOOH^* .??C=27* 8706* P5F5C:F* F0??1347:2.5=7F* I* /7227* ?=3/383:27* 7:M0_27* V* 17* =5FM07* 87* 1A.02C4385/.25C:* ?7=c0*?.=*1.*?C?01.25C:*72*1.*?=3W3=7:/7*87F*7F?./7F*8A./<.2F*83853FS** +7* 4.:5Z=7* Q3:3=.17^* 1A.02C4385/.25C:* 7F2* ?7=c07* /C447* 0:7* ?=.25M07* `8.:Q7=70F7gV* Jq* w* 87F* -=.:c.5F* ?.=2.Q7:2* /7227* C?5:5C:S* Y7227* :C25C:* 87* =5FM07* =7?CF7*F0=*8706*.=Q047:2F*V** i*pA.02C4385/.25C:*Q3:Z=7*0:*83W5/52*8A5:WC=4.25C:F*V*KN*w*87F*-=.:c.5F*7F2547:2*M07*** `*1C=FM0A0:*4385/.47:2*g*7F2*`*?=7F/=52*g*?.=*0:*`*4387/5:*g*C0*0:*`*?<.=4./57:*g^* 51F*FC:2*`*45706*5:WC=43F*g*f* * i* pA.02C4385/.25C:* Q3:Z=7* 87F* FC5:F* 4C5:F* ?7=WC=4.:2F* V* K]* w* /C:F58Z=7:2* M07* `* 1C=FM0AC:* /<C5F52* FC5i4_47* F7F* 4385/.47:2F* F.:F* /C:F0127=* 17F* 4387/5:F* C0* 17F* ?<.=4./57:F*g^*C:*7F2*`*?10F*4.1*FC5Q:3*gS** +A.02=7*?.=2^*17F*-=.:c.5F*?=3WZ=7=.57:2*./<727=*87F*4385/.47:2F*8.:F*87F*7F?./7F* 83853F^*?102@2*M07*8.:F*87F*7F?./7F*:702=7F*V* * i*EE*w*PC08=.57:2*./<727=*87F*4385/.47:2F*`*7:*?<.=4./57^*8.:F*87F*7F?./7F*7:* 15L=7*.//ZF*g*f** i*qK*w*8.:F*87F*Q=.:87F*F0=W./7F*F?3/5.15F37F*f** i*]q*w*7:*Q=.:87F*F0=W./7F*Q3:3=.15F27FS** *

!

(36)

89:;<=>?!CF;<>AEJ9J;?!CI9=;BAFCE:9;EBJ!!

*

!:7* 32087* 87* 1A!:5P7=F523* ;57==7i72i9.=57iY0=57* y* ;\&#'* $^* =3.15F37* 7:* NODN^* FA7F2* 5:23=7FF37* .06* 8327=45:.:2F* I* 1A./<.2* 87* 4385/.47:2F* 8A.02C4385/.25C:^* 8.:F* 0:7* ?C?01.25C:*Q3:3=.17*W=.:c.5F7*lQ37*87*DH*.:F*72*?10F*>DKBS* ;=7457=* /C:F2.2^* 1A.02C4385/.25C:* F7* ?=.25M07* 1C=FM07* 17* /C:FC44.270=* 87* F.:23* ?7:F7*?C0PC5=*Q03=5=*F.:F*1A.587*80*4387/5:S** #1*02515F7*17F*4385/.47:2F*8A.02C4385/.25C:*8.:F*17*/.8=7*80*2=.52747:2*87*?.2<C1CQ57F* L3:5Q:7F^*?C0=*W.5=7*87*1.*?=3P7:25C:*C0*8.:F*17*/.8=7*80*L57:i_2=7S*'C:*CLT7/25W*32.:2* 8A3P527=*1.*/C:F012.25C:*4385/.17*?.=*1A./<.2*87*?=C8052F*8A.02C4385/.25C:*M05*PC:2*.587=* I*Q03=5=*F.:F*.PC5=*=7/C0=F*I*0:7*/C:F012.25C:*72*F.:F*`*?7=27*87*274?F*gS** p7*/C:FC44.270=*?=7:8*?70*87*274?F*?C0=*W.5=7*F7F*/<C56*>q]wB^*/7F*87=:57=F*FC:2* 2=ZF*FC0P7:2*83W5:5F*.P.:2*8A7:2=7=*8.:F*1ACWW5/5:7*72*:C:*.?=ZF*>ENw*.//C=87*17*274?F* 8A0:*/C:F751*.0*?<.=4./57:BS*Y7?7:8.:2*17*?<.=4./57:*TC07*0:*=@17*/7:2=.1*8.:F*17* /<C56*W5:.1*80*?=C8052S*'C:*5:W107:/7*7F2*0:7*87F*?10F*54?C=2.:27F*.?=ZF*17F*<.L52087F* W.4515.17F*C0*1A5:W107:/7*87*1A7:2C0=.Q7S*YA7F2*1A./270=*M05*?702*/C:F75117=*72*?=7:8=7*17* 274?F*8A76?15M07=*I*FC:*5:27=1C/0270=*17*?=C/7FF0F*8A.02C4385/.25C:^*17F*?CFC1CQ57F*72* 17F*4C87F*8A02515F.25C:F*?C0=*17F*?10F*.:65706S**

pA54?C=2.:/7* 87* 1A7WW5/./523* 80* ?=C8052^* C0* ?102@2* 1A7WW5/./523* ?7=c07* ?.=* 17* /C:FC44.270=* .* 0:7* 5:W107:/7* 85WW5/517* I* M0.:25W57=S* %117* 7F2* FC0P7:2* .FFC/537* I* 1A<.L52087* 80* /C:FC44.270=* M05* F7* L.F7* F0=* 87F* 76?3=57:/7F* ?=3/387:27F* F.25FW.5F.:27FS*Y7227*?7=/7?25C:*?702*_2=7*5:W107:/37*:C2.447:2*Q=l/7*.06*4385.FS* e0.:2*.0*?=56^*0:7*1.=Q7*4.TC=523*87*/C:FC44.270=F*:7*W.52*.0/0:7*/C4?.=.5FC:*C0* 2=ZF*?70*7:2=7*?<.=4./57F*>JNwB*72*?=C8052F*.0*F75:*8A0:7*4_47*?<.=4./57*>KNwBS* ,:*=74.=M07*?.=*/C:2=7*M07*17F*/C:FC44.270=F*M05*/C4?.=7:2*17F*?=56^*17*WC:2*.0FF5* L57:*7:2=7*17F*?<.=4./57F*M0A.0*F75:*87*1.*4_47*?<.=4./57S**

YC:/7=:.:2* 17* 1570* 8A./<.2^* ?10F* 87* HOw* 87* /C:FC44.270=F* :7* FC:2* ?.F* ?=_2F* I* ./<727=* 170=F* 4385/.47:2F* F0=* 5:27=:72S* p7F* ?=5:/5?.06* W=75:F* FC:2* /1.5=F* V* ?70=* 87* ?=C8052F*87*/C:2=7W.cC:^*8C027*F0=*1.*M0.1523*87F*?=C8052F*72*1A.LF7:/7*80*/C:F751*80* ?<.=4./57:S**

(37)

2<!>E?G=<!AFCE:9A<J;<=P!

* #1*7F2*:3/7FF.5=7*87*=7P7:5=*2C02*8A.LC=8*F0=*M071M07F*83W5:525C:FS** p.* 5.2=CQ3:57* 7F2* 83W5:52* F71C:* 1A,9'* /C447* `* 2C027* =3?C:F7* :3W.F27* 72* :C:* =7/<7=/<37*I*0:*4385/.47:2*F0=P7:.:2*I*87F*8CF7F*02515F37F*/<7h*1A<C447*I*87F*W5:F* 87*?=C?<U1.657^*87*85.Q:CF25/*72*87*2=.52747:2*g*>DJBS** !:* 3P3:747:2* 5:83F5=.L17* 3P52.L17* F7* 83W5:52* /C447* 0:* 3P3:747:2* 5:83F5=.L17* M05* :A.0=.52*?.F*70*1570*F5*17F*FC5:F*.P.57:2*323*/C:WC=47F*I*1.*?=5F7*7:*/<.=Q7*/C:F583=37* /C447*F.25FW.5F.:27*.0*4C47:2*87*F.*F0=P7:07S*p7*/.=./2Z=7*3P52.L17*7F2*.??=3/53*I* 1A5FF07*8A0:7*3P.10.25C:*?=3/5F7*87*1.*F520.25C:*/15:5M07*80*?.257:2*72*87F*/C:8525C:F*87* ?=5F7*7:*/<.=Q7*>DHBS** p7*43F0F.Q7*4385/.47:2706*7F2*83W5:5*?.=*17F*0F.Q7F*5:.??=C?=53F*?.=*=.??C=2*.06* 8C::37F* 87* =3W3=7:/7F* ?7=25:7:27F^* F0=P7:.:2* .0* /C0=F* 87* 1.* /<.z:7* 87F* FC5:F^* 76?CF.:2*0:*?.257:2*8C::3*I*0:*=5FM07*.P3=3*C0*?C27:2571^*F.:F*L3:3W5/7*/C==31.25WS** 'C:2* :C2.447:2* /C:F583=3F* /C447* 87F* 8C::37F* 87* =3W3=7:/7F* ?7=25:7:27F* V* 17* =3F043*87F*/.=./23=5F25M07F*80*?=C8052^*17F*=7/C44.:8.25C:F*87*[C::7F*;=.25M07F^* 17F* /C:W3=7:/7F* 87* /C:F7:F0F^* 17F* W5/<7F* 87* F7=P5/7* 4385/.1* =7:80* >'9&B* 72* 8a.4315C=.25C:* 80* F7=P5/7* 4385/.1* =7:80* >\'9&B^* 17F* W5/<7F* 87* 2=.:F?.=7:/7^* 17F* &3W3=7:/7F*9385/.17F*,??CF.L17F*>&9,B^*1a.P5F*8a76?7=2F^*1.*15223=.20=7S*,:*7:27:8* ?.=*1.*/<.z:7*87*FC5:F^*1a7:F74L17*80*/5=/052*80*4385/.47:2*i*?=7F/=5?25C:^*?=3?.=.25C:^* 85F?7:F.25C:^*.845:5F2=.25C:^*F0=P7511.:/7*i*/C:/7=:.:2*2C0F*17F*./270=F*87*F.:23^*17* ?.257:2*72*170=F*7:P5=C::747:2F*>DGBS* p7*=5FM07*4385/.47:2706*153*I*1A.02C4385/.25C:*F7*F3?.=7*7:*M0.2=7*PC172F*V** i* p7F*=5FM07F*F.:F*43F0F.Q7*80*4385/.47:2*V*7WW72F*5:83F5=.L17F*54?02.L17F*I* 1.*?=5F7*4385/.47:270F7*>7WW72F*F7/C:8.5=7FB^*** i* p7F* =5FM07F* ?.=* 43F0F.Q7F* 4385/.47:2706* V* 5:85/.25C:* 5:.??=C?=537^* :C:i =7F?7/2* 87F* /C:2=7i5:85/.25C:F^* 7==70=* 87* ?CFC1CQ57^* 80=37* 76/7FF5P7^* 72/* >/C:/7=:7*.0FF5*1A.02C4385/.25C:*`*4385/.47:2F*.4.5Q=5FF.:2F*g*72*17*8C?.Q7BS* i* p7F*=5FM07F*?.=*5:23=./25C:F*4385/.47:270F7F** i* p7F*=5FM07F*87*=72.=87=*17*85.Q:CF25/*87*1.*4.1.857*7:*/.0F7^*/A7F2*:C2.447:2* 17* /.F* /<.M07* WC5F* M07* 1A.02C4385/.25C:* 7F2* ?=C1C:Q37* .0i831I* 87* M071M07F*

(38)

* p7*43F0F.Q7*87F*4385/.47:2F*:C2.447:2*/<7h*17F*?7=FC::7F*lQ37F*F7=.52*54?15M03b* 8.:F*?10F*8A0:*M0.=2*87F*/C:F012.25C:F*8.:F*17F*83?.=2747:2F*8A0=Q7:/7F*72*8.:F*?10F* 87*DO*w*87F*<CF?52.15F.25C:F^*.P7/*0:*/C|2*2C2.1*F0?3=570=*I*NE*45115.=8F*87*8C11.=F* >NOBS*9SXS*,27=C*pC?7h*5:85M07*17*/<5WW=7*87*DO*w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w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m*5:W3=570=7*I*KO4pr45:rD^J]4N^*]NK*?=7F/=5?25C:F*/C==7F?C:8.:2*I*ND]J*15Q:7F*87* ?=7F/=5?25C:F* C:2* 323* .:.1UF37FS* \0* 2C2.1^* DG* w* 87F* ?.257:2F* >5‚KNB* .P.57:2* 0:* 4385/.47:2*5:.??=C?=53*.0*=7Q.=8*87*170=*32.2*=3:.1S*+.:F*17*FC0FiQ=C0?7*87*?.257:2F* .U.:2* 0:* +-m* 5:W3=570=7* I* ]O4pr45:rD^J]4N^* qN* ?=7F/=5?25C:F* /C==7F?C:8.:2* I* NGD* 15Q:7F* 87* ?=7F/=5?25C:* C:2* 323* .:.1UF37FS* \0* 2C2.1^* EJ^D* w* 87F* ?.257:2F* >5‚NqB* .P.57:2*0:*4385/.47:2*5:.??=C?=53*.0*=7Q.=8*87*170=*32.2*=3:.1*>N]BS* * #1*765F27*8C:/*3Q.1747:2*0:*43F0F.Q7*54?C=2.:2*/C:F2.23*I*1.*FC=257*87F*?.257:2F*72* M05*.*?=CL.L1747:2*87F*=3?7=/0FF5C:F*F0=*1.*?=7F/=5?25C:*7:*P5117*f*17F*C=8C::.:/7F*87* FC=257* 32.:2* /C:F583=37F* /C447* `* P.15837F* g* ?.=* 17F* 4387/5:F* Q3:3=.15F27FS* +7F* FC1025C:F* 8A.4315C=.25C:* 87P=.57:2* _2=7* ?=C?CF37F^* .W5:* 87* F7:F5L515F7=* 17F* ?=7F/=5?270=F^*4.5F*.0FF5*17F*?<.=4./57:F*.06*.8.?2.25C:F*87*8CF7F*:3/7FF.5=7FS*

!

(39)

5B;EK9;EBJ!<;!EJ;F>U;?!C<!DIF;=C<!

*

"C0F*FC447F*17*?=7457=*?.UF*/C:FC44.270=*87*4385/.47:2F*8A%0=C?7^*72*?C0=2.:2* <052*?.257:2F*F0=*856*83/1.=7:2*.PC5=*/C:W5.:/7*8.:F*0:*4387/5:*F./<.:2*=74?1./7=*0:* 4385/.47:2* ?.=* 87F* /C:F751F* 02517F^* 4.5F* 17F* 32087F* 4C:2=7:2* M07* GOw* 87F* /C:F012.25C:F*F7*/C:/107:2*?.=*0:7*?=7F/=5?25C:*4385/.47:270F7S** pA.02C4385/.25C:*7:*-=.:/7*:A7F2*?.F*:3Q15Q7.L17^*:5*F.:F*/C:F3M07:/7FS*%:*7WW72^* :C0F*/C::.5FFC:F*./20711747:2*0:*54?./2*4.T70=*87F*?.2<C1CQ57F*4385/.47:270F7F* /C447*/.0F7F*8A<CF?52.15F.25C:F^*FA5:23Q=.:2*8.:F*0:*FUF2Z47*87*F.:23*7:*85WW5/0123^* .P7/* 0:* 83W5/52* 80* =3Q547* Q3:3=.1* 87* 1.* '3/0=523* 'C/5.17* FA317P.:2* I* ]^q* 45115.=8F* 8A70=CF*7:*NODKS** \02C4385/.25C:*M05*F74L17*87*?10F*7:*?10F*L.:.15F37*80*?C5:2*87*P0*87F*?.257:2F^*.P7/* 0:7*?C1525M07*87*F.:23*?0L15M07*87*?=3P7:25C:*=.=7*72*M05*.??.=.z2*F.:F*54?./2S** !:7*32087*87*?<.=4./CP5Q51.:/7*87*T05:*NODE*F0=*17F*=5FM07F*72*7WW72F*5:83F5=.L17F*87* 1A.02C4385/.25C:* 472* 7:* 3P587:/7* 17F* .:2.1Q5M07F* 72* 17F* \#"'* /C447* ?=5:/5?.06* =7F?C:F.L17F*8A<CF?52.15F.25C:F*>NqBS*** +7*?10F^*7117*:C27*M07*]Hw*87F*7WW72F*5:83F5=.L17F*4385/.47:2706*C:2*323*/C:F583=3F* /C447*3P52.L17F^*72*153F*I*0:*4.0P.5F*0F.Q7*4385/.47:2706*>NqBS* ;C0=2.:2^* 17* /0=F0F* 0:5P7=F52.5=7* 4385/.1* 2<3C=5M07* =7F27* ?.0P=7* F0=* 17F* F0T72F* 87* ?<.=4./CP5Q51.:/7^*.02C4385/.25C:^*43F0F.Q7*72*5.2=CQ3:57S** p.*F7:F5L515F.25C:*87F*32085.:2F*7:*4387/5:7*I*/7F*31347:2F*F7*W.52*7FF7:25711747:2* 1C=F*87*1.*?=.25M07*7:*F2.Q7*V*87*?.=2*1.*83/C0P7=27*87*1A54?./2*87F*7WW72F*F7/C:8.5=7F* 72*/C:2=7i5:85/.25C:F*1C=F*87*1.*?=7F/=5?25C:^*4.5F*.0FF5*?.=*1A7:F75Q:747:2*87F*F3:5C=F* .0*152*87F*4.1.87FS* pA7:F74L17*87*/7F*31347:2F*.5:F5*M07*170=*/C:W=C:2.25C:*1C=F*87*47F*85WW3=7:2F*F2.Q7F* >m3=5.2=57^*!=Q7:/7F*72*9387/5:7*m3:3=.17B*C:2*323*17*?C5:2*87*83?.=2*87*/7*2=.P.51S*

(40)

#1*47*F74L1.52*54?C=2.:2*87*/C4?=7:8=7*/7227*.02C4385/.25C:*7:*1A3P.10.:2*.0?=ZF*87* 1.*?C?01.25C:*85=7/2747:2*.P.:2*0:7*/C:F012.25C:*4385/.17*7:*4387/5:7*Q3:3=.17^*.W5:* 87*1.*=35:23Q=7=*2.:2*8.:F*17*/0=F0F*4385/.1*M07*8.:F*1.*?=.25M07*4385/.17S** pA7:F74L17* 87F* 32087F* =3.15F37F* C:2* 323* 7FF7:25711747:2* /7:2=37F* F0=* 17* P7=F.:2* ?<.=4./C1CQ5M07* C0* =3.15F37F* .0* F75:* 87* F7=P5/7F* 8A0=Q7:/7FS* p7F* ?.257:2F* =7F2.:2* /C:W5.:2F*8.:F*170=F*4387/5:F*Q3:3=.15F27F*72*?.=25/5?.:2*87*?10F*7:*?10F*./25P747:2* .P7/*706*8.:F*17F*83/5F5C:F*=71.25P7F*I*F.*F.:23S** pA.02C4385/.25C:*27:8*8C:/*I*F7*83P71C??7=*7:*-=.:/7*.P7/*0:*?C27:2571*54?C=2.:2^*51* 7F2*8C:/*?=54C=85.1*M07*17F*4387/5:F*7:*.57:2*?175:747:2*/C:F/57:/7*.W5:*87*1A5:23Q=7=* 8.:F* 1.* ?=5F7* 7:* /<.=Q7* 87* 170=F* ?.257:2F^* 2.:2* F0=* 17* ?1.:* ?<.=4./C1CQ5M07* M07* ?=3P7:25WS** * * * * *

!

!

!

!

!

!

!

!

(41)

$;=C<!

*

!

7J;>BC=:;EBJ!!

!

pa.02C4385/.25C:* 7F2* 83W5:57* ?.=* 17* YC:F751* ".25C:.1* 87* 1a,=8=7* 87F* 9387/5:F^* ?C0=* =.??71^*/C447*`*1A02515F.25C:^*<C=F*?=7F/=5?25C:*4385/.17^*?.=*87F*?7=FC::7F*?C0=*7117Fi 4_47F*C0*?C0=*170=F*?=C/<7F*72*87*170=*?=C?=7*5:525.25P7^*87*4385/.47:2F*/C:F583=3F* /C447*271F*72*.U.:2*=7c0*1A\99^*.P7/*1.*?CFF5L51523*8A.FF5F2.:/7*72*87*/C:F751F*87*1.* ?.=2*87F*?<.=4./57:F*g*>DBS** +706*F2U17F*8A.02C4385/.25C:*F7*85F25:Q07:2*V*1A0:7*87*?.257:2F*.11.:2*/<7=/<7=*170=>FB* 4385/.47:2>FB*:C:*FC045F*I*?=7F/=5?25C:*7:*?<.=4./57*72*3P7:20711747:2*Q05837*?.=* 17*?<.=4./57:^*1A.02=7*?.=*17F*?.257:2F*F317/25C::.:2*170=>FB*4385/.47:2>FB*8.:F*170=* .=4C5=7*I*?<.=4./57*.0*8C45/517*F71C:*170=F*/C::.5FF.:/7F*72*76?3=57:/7F*?=C?=7FS* Y71.* /1.FF5W57* 8C:/* /7F* 8706* F2U17F* 7:* 4385/.25C:* CWW5/5:.17^* /C==7F?C:8.:2* I* 87F* 4385/.47:2F*87*15L=7F*.//ZF*=74LC0=F.L17F*C0*:C:*>,(Yi,(nB*P5F.:2*I*Q.=.:25=*1.* F3/0=523* 80* ?.257:2* f* 72* 4385/.25C:* W.4515.17^* 1.5FF.:2* 17* ?.257:2* F701* W./7* I* F7F* /C::.5FF.:/7F*4385/.17F*72*=7/C::.5FF.:/7*87*F7F*FU4?2@47FS** Y7227*87=:5Z=7*/1.FF5W5/.25C:*1.5FF7*.??.=.z2=7*17*=5FM07*87*43F0F.Q7^*83W5:5*/C447*0:* 0F.Q7*5:.??=C?=53*?.=*=.??C=2*.06*8C::37F*87*=3W3=7:/7F*?7=25:7:27F^*F0=P7:.:2*.0* /C0=F*87*1.*/<.z:7*87F*FC5:F^*76?CF.:2*0:*?.257:2*8C::3*I*0:*=5FM07*.P3=3*C0*?C27:2571^* F.:F*L3:3W5/7*/C==31.25WS* (C027WC5F*17F*32087F*W=.:c.5F7F*4C:2=7:2*M07*/7227*.02C4385/.25C:*7F2*7:*=72=.52^*?.=* =.??C=2*.06*.02=7F*?.UF*70=C?37:F^*80*W.52*87*85WW3=7:/7F*:C2.L17F*F0=*17F*/5=/052F*87* 85F2=5L025C:^* 17F* FUF2Z47F* 8AC=Q.:5F.25C:* 87F* FC5:F* ?=54.5=7F* 72* 87* 1.* /0120=7* 87* 1.* =7F?C:F.L51523*80*?.257:2S** "3.:4C5:F*1A.02C4385/.25C:*?CFFZ87*0:*WC=2*?C27:2571*8A3PC1025C:*7:*-=.:/7*72*8C:/* 0:*=5FM07*87*43F0F.Q7*?C0P.:2*FA.//=C52=7^*72*87*/7*W.52*:C:*:3Q15Q7.L17S

!

(42)

B45?&=?&!&?!C-4$%@.#?+O'&!!

pA.02C4385/.25C:* ?=3* /C:F012.25C:* 7F2* 0:* ?<3:C4Z:7* FC0P7:2* FC0Fi7F2543* ?.=* 17F* 4387/5:F*72*?70*=7:F75Q:3*?.=*17F*?.257:2FS*%:*7WW72^*:C0F*FC447F*8.:F*17*?=7457=* ?.UF* /C:FC44.270=* 87* 4385/.47:2F* 8A%0=C?7^* 80* W.52* 8A0:7* F0=4385/.15F.25C:* /=C5FF.:27^*874.:837*8A0:*/@23*?.=*17F*?.257:2F*72*.FF0=37*8A0:*.02=7*/@23*?.=*17F* 4387/5:FS*;C0=2.:2*<052*?.257:2F*F0=*856*83/1.=7:2*.PC5=*/C:W5.:/7*8.:F*0:*4387/5:* F./<.:2*=74?1./7=*0:*4385/.47:2*?.=*87F*/C:F751F*02517F^*4.5F*17F*32087F*4C:2=7:2* 3Q.1747:2* M07* GOw* 87F* /C:F012.25C:F* F7* /C:/107:2* ?.=* 0:7* ?=7F/=5?25C:* 4385/.47:270F7*>NEBS** "C0F* =72=C0PC:F* M0A7:P5=C:* HJw* 87* 1.* ?C?01.25C:* .8472* FA.02C4385M07=^* ?=5:/5?.1747:2*17F*W7447F*72*17F*T70:7F*:C:*32085.:2F^*72*:C0F*/C:F2.2C:F*0:*4.:M07* 8A7WW5/./523*87F*/.4?.Q:7F*87*?=3P7:25C:*>NEBS** +7*?10F^*17F*87=:5Z=7F*32087F*87*?<.=4./CP5Q51.:/7F*F0=*17*F0T72^*47227:2*7:*3P587:/7* M07*]Hw*87F*7WW72F*5:83F5=.L17F*4385/.47:2706*FC:2*3P52.L17F*72*153F*I*0:*4.0P.5F* 0F.Q7*4385/.47:2706^*7:*5:/=545:.:2*?=5:/5?.1747:2*/C447*/.0F7*8A<CF?52.15F.25C:* 17F*.:2.1Q5M07F*72*.:25i*5:W1.44.2C5=7F*>NqBS* #1*.??.=.52*8C:/*54?C=2.:2*V** •* +7*/C4?=7:8=7*/7227*.02C4385/.25C: •* +A7:*8327=45:7=*17F*?=5:/5?.06*W./270=F*4C25P.:2F*.W5:*8A7:*8545:07=*17*=5FM07* 87*43F0F.Q7*5:8052 •* +7*4722=7*7:*d0P=7*87F*./25C:F*87*?=3P7:25C:*7WW5/./7FS

!

E$R&2?+13!

Y7227*32087*.*?C0=*CLT7/25W*?=5:/5?.1*8A3P.107=*17F*W./270=F*4C25P.:2F*72*15452.:2F*87* 1A.02C4385/.25C:*7:*R.027*"C=4.:857S** %117* .* ?C0=* CLT7/25WF* F7/C:8.5=7F* 8A3P.107=* 17* =5FM07* 87* 43F0F.Q7^* 1A54?./2* 87F* /.4?.Q:7F*87*?=3P7:25C:*72*8A7F2547=*1A54?./2*?385.2=5M07*87*1A.02C4385/.25C:S**

Références

Documents relatifs

Théa mais dans certains pays il est interdit d’amener des animaux mal en point dans leurs zoos pour les soigner car il y a un risque qu’ils amènent une maladie, qui serait

Mais tout au contraire, se sont, comme le montre le passage de La Grande maison, des mères tout aussi capables de sentiments et ayant au moins, pour leurs enfants,

Starting from the two-phase Navier–Stokes boundary value problem and following lines developed in previous works ( Whitaker 1986b , 1994 ; Lasseux et al. 1996 ; Whitaker 1996 ),

Que la démarche d’inscription au régime soit volontaire ou non, l’activité plus ou moins rémunératrice, ce qui caractérise le plus ces auto-entrepreneurs,

La qualité de l'ajustement entre les résultats expérimentaux et le modèle de prédiction laisse à suggérer que le modèle HAM peut être approprié pour prédire la génération

Après la crise de 2012 nous nous sommes retrouvés dans une école du quartier à 600 m (de chez nous) où nous sommes restés pendant plus d’un mois. A l’école, nous

considérée comme une fin crédible des règles de droit, l’efficience ne peut pas être une fin.  L’efficience est une propriété

Nous avons constaté que les patients âgés ayant eu une découverte de cancer en service de CSG (groupe 1), étaient majoritairement des femmes, présentaient moins de troubles