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(1)

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(2)

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(3)

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(4)

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(5)

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(6)

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(7)

UGTXKEGU RCT GZGORNG FG UG RTQVÃIGT XKU´XKU FGU CDWU XQWNWU QW KPXQNQPVCKTGUFGUQPENKGPV

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(8)

CWUUKFCPUNCTGFKUVTKDWVKQPFWVTCXCKNNGTGURGEVFGUKPVÃTÄVUGVFGUFTQKVUFGU RGTUQPPGU NC NKDGTVÃ FG RCTQNG GV NOGZCOGP FGU SWGUVKQPU FG NC EGPUWTG NC SWCNKVÃFGNCXKGNGFTQKV´NOKPHQTOCVKQPNGUSWCNKVÃURGTUQPPGNNGUJQPPÄVGVÃ EQORÃVGPEG NG TGHWU FG NOCDWU FG RQWXQKT NG TGURGEV FGU FKHHÃTGPEGU EWNVWTGNNGUNOCPETCIGFWXKTVWGNFCPUNGTÃGNNGOCKPVKGPFGNCNKDGTVÃFGEJQKZ XKU´XKUFGUUGTXKEGUÃNGEVTQPKSWGUGVE

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(9)

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(10)

URÃEKHKSWGU GV UWTVQWV NGU UGEVGWTU RCTVKEWNKGTU #KPUK RCT GZGORNG GP GZCOKPCPVNGG*GCNVJ%QFGQH'VJKEUFGNOKPVGTPGV*GCNVJ%CTG%QCNKVKQPQP PG UGTC RCU UWTRTKU FG EQPUVCVGT SWG NOQP CEJÂVG FGU RTQFWKVU GV UGTXKEGU OÃFKECWZSWGNOQPUOGPICIGFCPUFGUTGNCVKQPUFOCHHCKTGUTGURQPUCDNGUSWG NOQPGUVCUUWTÃFGUOGKNNGWTGURTCVKSWGUEQOOGTEKCNGU.GUUQKPUFGUCPVÃ [UQPVVTCKVÃUFGOCPKÂTGHQTVRTQEJGFGVQWVDWUKPGUU1PPGUOGPÃVQPPGRCU VTQR SWCPF QP CRRTGPF SWG OKNNKQPU FOCOÃTKECKPU TGEJGTEJGPV FGU KPHQTOCVKQPUOÃFKECNGUGVFGUCPVÃUWTNCVQKNGGVSWGNGFQEWOGPVSWKGPHCKV ÃVCVÃOCPGFWFÃRCTVGOGPVFWEQOOGTEG.GUTÂINGUFGUQTICPKUOGUFG RWDNKEKVÃ GV FG OCTMGVKPI UWT NOKPVGTPGV KPFKSWGTQPV NGU QDNKICVKQPU FG FÃENCTCVKQP FOKFGPVKVÃ FOKPHQTOCVKQP ´ HQWTPKT CWZ EQPUQOOCVGWTU GV UC SWCNKVÃFGPQPGPXQKFGOGUUCIGUEQOOGTEKCWZPQPFÃUKTÃUGVE&CPUNG UGEVGWTFGNOÃFKVKQPQPUCWTCEQODKGPFGRCTCITCRJGUQPRGWVEKVGTLUCPU CWVQTKUCVKQPRTÃCNCDNGLUCPU ÄVTG RQWTUWKXK RQWT RNCIKCV NGU EQPFKVKQPU FG TGRTQFWEVKQPÃNGEVTQPKSWGQWFOCTEJKXCIGGVE

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(11)

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(12)

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.GU TCRRQTVU RTÃUGPVÃU NQTU FG EGU UQOOGVU PG UQPV RCU GPEQTG EQWNÃU UQWU NC HQTOG FG FQEWOGPVU FOCWVQTÃIWNCVKQP OCKU UQPV TGORNKU FG TGEQOOCPFCVKQPU VCPV CWZ GPVTGRTKUGU SWOCWZ CWVQTKVÃU RWDNKSWGU &GWZ GZGORNGU &CPU NGU TGEQOOCPFCVKQPU UWT NOG)QWXGTPGOGPV 6QM[Q NGUCWVGWTUHQPVTGOCTSWGTLGPNOGURCEGFOWPGSWKP\CKPGFGNKIPGULSWGNG UWEEÂUFGUKPXGUVKUUGOGPVUGP+6FÃRGPFTCHQTVGOGPVFGNCFKIKVCNKUCVKQPFGU HQPEVKQPU CFOKPKUVTCVKXGU IQWXGTPGOGPVCNGU 2WKU FG TGEQOOCPFGT EGTVCKPGU URÃEKHKECVKQPU FG NOG)QWXGTPGOGPV FW RQKPV FG XWG FW UGEVGWT RTKXà SWK PG OCPSWGTQPV RCU FG EQPVTKDWGT ´ NC TÃCNKUCVKQP GHHGEVKXG FG NOG)QWXGTPGOGPV2WKUFGEQPENWTGnEGVVGCUUKIPCVKQPFOWPTÏNGPQWXGCWUGTC NG OQFÂNG FOWP PQWXGCW U[UVÂOG UQEKCN€ UKE W CRVG ´ TGPVCDKNKUGT NGU KPXGUVKUUGOGPVU FQPV KN GUV SWGUVKQP UWRTC 0FC &CPU WP CWVTG FQOCKPG EGNWKFGNCE[DGTÃVJKSWGWPGFÃENCTCVKQPFGRTKPEKRGUUWTNCE[DGTÃVJKSWGGP FGWZ RCIGU POCDQTFG EQOOG UGWNU VJÂOGU SWG NC RTÃXGPVKQP XKU´XKU FW nOCVÃTKGN KOOQTCN VGN SWG NC RQTPQITCRJKG KORNKSWCPV FGU GPHCPVU NGU EQPVGPWU CPVKUÃOKVGUTCEKUVGUQWZÃPQRJQDGU€GVNCRTQOQVKQPFGnNCNKDGTVÃFOGZRTGUUKQP

(CNSWG2KGTTQVKP +U n3WGNNG TÃIWNCVKQP RQWT KPVGTPGV GV NGU TÃUGCWZ!€ KP .G /QPFGPQXGODTGR

(13)

GVNCNKDGTVÃFGRTGUUGGVFGUCTVU€4KGPFCPUEGVVGFÃENCTCVKQPSWKEQPEGTPGNGU CWVTGU FQOCKPGU QÔ NG )$&G VTCXCKNNG KPVGPUÃOGPV EQOOG UK CWEWPG SWGUVKQPÃVJKSWGPGUO[RQUCKV

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%QOOKUUKQPGWTQRÃGPPGUWTNCRTQVGEVKQPFGUOKPGWTUGVNCFKIPKVÃJWOCKPG QW FCPU NC FÃEKUKQP SWK GP C TÃUWNVà FCPU NG nRNCP FOCEVKQP EQOOWPCWVCKTG RNWTKCPPWGN XKUCPV ´ RTQOQWXQKT WPG WVKNKUCVKQP RNWU UÖTG FOKPVGTPGV RCT NC NWVVG EQPVTG NGU OGUUCIGU ´ EQPVGPW KNNKEKVG GV RTÃLWFKEKCDNG€ OKGWZ EQPPW UQWU NGU VGTOGU+PVGTPGV#EVKQP2NCP.GRTQLGVFGNC(QPFCVKQPOGPÃFWGTHÃXTKGT ´ HKP OCTU EQORTGPCKV RNWUKGWTU XQNGVU CRRWK CWZ RQKPVU FG EQPVCEV JQVNKPGU EQFGU FG EQPFWKVG FÃXGNQRRGOGPV FG HKNVTGU ÃFWECVKQP FCPUNGUÃEQNGU&KXGTUUÃOKPCKTGUQPVRQPEVWÃNGUÃVCRGUFWRTQLGVXKUCPV´

FÃXGNQRRGTFGUUVTWEVWTGUCNVGTPCVKXGUFGTÃIWNCVKQPGV´CEETQÉVTGNCRTKUGFG EQPUEKGPEG FGU TÏNGU PQWXGCWZ LQWÃU RCT NGU HQWTPKUUGWTU FG UGTXKEGU GV NGU WVKNKUCVGWTU ´ CUUWTGT WPG RTQVGEVKQP GHHKECEG FGU OKPGWTU VQWV GP POGPVTCXCPVRCUNGUHNWZNKDTGUFOKPHQTOCVKQPGV´RTQOQWXQKTNGUVGEJPKSWGU FGHKNVTCIG7P/QFGNEQFGCÃVÃOKUGPFKUEWUUKQP+NUOCIKVFGRTQRQUKVKQPU FGUVKPÃGUGUUGPVKGNNGOGPVCWZHQWTPKUUGWTUFGEQPVGPWUGVFGUGTXKEGUGVSWK RQTVGPVUWTNGUEQPVGPWUKNNKEKVGUGVKNNÃICWZUWTNGUEQORQTVGOGPVU´CFQRVGT FGXCPV NGU OGUUCIGU PQP UQNNKEKVÃU UWT NGU HKNVTGU UWT NC RTQVGEVKQP FGU FQPPÃGU GV FG NC XKG RTKXÃG 'P HCKV PQWU UQOOGU UCKUKU N´ FOWPG EQORKNCVKQP FG EQFGU GZKUVCPVU SWK RTÃUGPVG NOCXCPVCIG FG TCUUGODNGT NGU KFÃGU ÃRCTUGU 1P CRRTÃEKGTC CWUUK NC RTQRQUKVKQP FOWPG EQPUWNVCVKQP RWDNKSWG GV NG ECFTG FOÃXCNWCVKQP SWK CEEQORCIPG EG /QFGN %QFG /GPVKQPPQPUGPEQTGSWGNC$GTVGNUOCPP(QWPFCVKQPGUVWPFGURCTVGPCKTGU FG NO+PVGTPGV %QPVGPV 4CVKPI #UUQEKCVKQP +%4# SWK CWLQWTFOJWK VGPVG FG RTQOQWXQKT WP UVCPFCTF FG NCDGNNKUCVKQP FCPU NG ECFTG PQVCOOGPV FG NO+PVGTPGV#EVKQP2NCP+EKGPEQTGQPTGVTQWXGSWGNSWGUITCPFGUHKTOGU#1.

9CNVGTOCPP , CPF /CEJKNN / 'FU 2TQVGEVKPI QWT %JKNFTGP QP VJG +PVGTPGV 6QYCTFU C 0GY %WNVWTG QH 4GURQPUKDKNKV[ $GTVGNUOCPP (QWPFCVKQP 2WDNKUJGTU )×VGTUNQJ8QKTGPRCTVKEWNKGTNGEJCRKVTG/GOQTCPFWOQP5GNHTGIWNCVKQPQH +PVGTPGV%QPVGPVRGVFCPUEGEJCRKVTGNGh5GNHTGIWNCVKQPCUC(QWPFCVKQP R

6QYCTFC/QFGN%QFGQH%QPFWEVQPVJG+PVGTPGVRTGRCTGFD[2TKEG/'CPF 8GTJWNUV5V)

JVVRYYYDGTVGNUOCPPUVKHVWPIFGKPVGTPGVEQPVGPVGPINKUJEQPVGPVEJVO

(14)

+PE $GNN %CPCFC $TKVKUJ 6GNGEQO %CDNG CPF 9KTGNGUU +# ,CRCP +$/

/KETQUQHV;CJQQQWVTGDKGPUÖTFGUQTICPKUCVKQPUFQPVNCHQPEVKQPRTGOKÂTG GUV FG RTQVÃIGT NGU GPHCPVU FGU FCPIGTU FG NOKPVGTPGV NO+PVGTPGV 9CVEJ (QWPFCVKQP2CTGPVU#FXKUQT[)TQWRHQTVJG+PVGTPGV-KFU&QOCKPU+PE

0O[ CWTCKVKN RCU NKGW FG UOKPVGTTQIGT UWT NGU TCKUQPU FG NC RTÃUGPEG FG VQWVGU EGU HKTOGU FCPU NGU EGPVTGU PÃXTCNIKSWGU FG NOCWVQTÃIWNCVKQP FG NOKPVGTPGV GP RCTVKEWNKGT FCPU EG FQOCKPG UK UGPUKDNG FG NC RTQVGEVKQP FGU GPHCPVU! %WTKGWUGOGPV NGU CWVQTKVÃU RWDNKSWGU UGODNGPV CDUGPVGU UKPQP ÃECTVÃGUFGEGUNKGWZ QÔ RQWTVCPV FGXTCKV RTÃXCNQKT NG DKGP EQOOWP GV QÔ UOGPICIG WP FÃDCV ÃVJKSWG HQPFCOGPVCN 0O[ CWTCKVKN RCU NKGW CWUUK FG SWGUVKQPPGT NC EQPEGPVTCVKQP FG RQWXQKT FOQTICPKUCVKQPU FQPV LWUVGOGPV NC EQPXGTIGPEGGUVWPFGUKPVÃTÄVUÃEQPQOKSWGUOCLGWTU!1ÔUQPVNGUOCTIGU FGOCPWXTGRQWTNGRWDNKEFCPUWPVGNLGW!

.O+(+25+)UOCVVCEJGCWLQWTFOJWK´RTÃEKUGTEGSWOKNGUVKOGFGXQKTÄVTG FGU UVCPFCTFU OKPKOCWZ CWZSWGNU FGXTCKV UCVKUHCKTG WP EQFG FOCWVQTÃIWNCVKQP PQVCOOGPV FW RQKPV FG XWG ÃVJKSWG &GU VTCXCWZ UKOKNCKTGU QPV ÃVÃ GPVTGRTKU FCPU NG ECFTG FG NO+PVGTPCVKQPCN %JCODGT QH

%QOOGTEG RCT GZGORNG ´ RTQRQU FW EQOOGTEG ÃNGEVTQPKSWG 1P UQPIG CWUUKCW RTQITCOOG G%QPHKFGPEG (QTWO FG NC %QOOKUUKQP GWTQRÃGPPG GV CWZ RTKPEKRGU SWK [ UQPV FKUEWVÃU ´ RTQRQU FGU EQFGU FG EQPFWKVG RQWT NOG%QOOGTEG .C RTQRQUKVKQP FOWP /QFGN %QFG RCT NC (QPFCVKQP

$GTVGNUOCPPTGNÂXGUCPUFQWVGFGNCOÄOGRTÃQEEWRCVKQPFCPUNGFQOCKPG FGNCRTQVGEVKQPFGUEQPVGPWU

%QPENWUKQP

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&KTGEVKXGGWTQRÃGPPGGPNCOCVKÂTGUGFÃXGNQRRGGPCTVKENGU!.GWTNGEVWTG NCKUUGRCTHQKURGTRNGZGGVNOQPGUVGPFTQKVFGUGFGOCPFGTUKNGNCKUUGTHCKTG GUV NC UQNWVKQP CFÃSWCVG 3WGNNG GUV UC RNCEG FCPU NG RNWTCNKUOG LWTKFKSWG!

'UVKNWPEQORNÃOGPVFGNCNQKUQPUWDUVKVWVUQPCPVKEKRCVKQP!

+PVGTPCVKQPCN %JCODGT QH %QOOGTEG )GPGTCN 7UCIG HQT +PVGTPCVKQPCN &KIKVCNN[

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(15)

0QVTG RTQRQU POÃVCKV RCU KEK FG PQWU KPVGTTQIGT UWT NOCWVQTÃIWNCVKQP GP VCPV SWG VGNNG OCKU UWT NGU SWGUVKQPU ÃVJKSWGU FG NC IQWXGTPCPEG FG NOKPVGTPGV%OGUV NC SWGUVKQP OÄOG FG NC IQWXGTPCPEG SWK PQWU C EQPFWKV ´ PQWU KPVGTTQIGT UWT NOCWVQTÃIWNCVKQP 'V EOGUV ´ NOKPVÃTKGWT FG EGNNGEK SWOC FQPETGLCKNNKPQVTGSWGUVKQPPGOGPVUWTNOÃVJKSWG

.GU VGPFCPEGU RNWU TÃEGPVGU ´ NC OWNVKRNKECVKQP FGU KPUVTWOGPVU FOCWVQTÃIWNCVKQPPQWUQDNKIGPV´PQWURQUGTNCSWGUVKQPFGUCXQKTUOKNPO[C RCUCWPQOFGUGZKIGPEGUÃVJKSWGUFGUEQPVGPWUSWKFGXTCKGPVÃEJCRRGT´

NOCWVQTÃIWNCVKQP2GWVQPNCKUUGT´SWGNSWGUKPVÃTÄVURTKXÃUOÄOGUOKNUUQPV ÃENCKTÃUNGUQKPFGFÃHKPKTNGUPQTOGUFCPUFGUFQOCKPGUSWKEQPEGTPGPVFGU TCRRQTVU´NCXKGPQPUGWNGOGPVÃEQPQOKSWGOCKUCWUUKEWNVWTGNNGUQEKCNGGV RQNKVKSWG! 0QWU PQWU UQOOGU FQPPà WP ETKVÂTG SWK UCPU VQWV TÃUQWFTG PQWU CRRCTCÉV EQOOG WPG XQKG FG TÃHNGZKQP SWK UG TCVVCEJG ´ NC VTCFKVKQP FÃQPVQNQIKSWGFGV[RGMCPVKGPFÂUSWGNGUKPVÃTÄVUFGNCOCLQTKVÃUQPVGPLGW GV SWG NGU RGTUQPPGU EQPEGTPÃGU TKUSWGPV FOÄVTG TGPFWGU RNWU HTCIKNGU GV XWNPÃTCDNGU WPG CWVQTKVà FQKV KPVGTXGPKT SWK OCKPVKGPPG QWXGTV nNOJQTK\QP FOWPKXGTUCNKVÀ RTQRTG ´ NC FKOGPUKQP ÃVJKSWG +N GUV ENCKT SWG EG ETKVÂTG EQPFWKV ´ TGVGPKT RCTOK NGU SWGUVKQPU RTKOQTFKCNGU ´ OGVVTG GP FKUEWUUKQP NOÃSWKVà FCPU NG FTQKV FOCEEÂU NC NWVVG EQPVTG NOGZENWUKQP UQEKCNG NC FKIPKVà JWOCKPGGVE

+N PQWU UGODNG EGRGPFCPV SWG NGU SWGUVKQPU ÃVJKSWGU PG RQTVGPV RCU UGWNGOGPV UWT NGU EQPVGPWU XKUÃU RCT NOCWVQTÃIWNCVKQP OCKU CWUUK UWT NGU RTQEÃFWTGURCTNGUSWGNNGUNG LGWFÃOQETCVKSWGTKUSWGFOÄVTGLQWÃHCWUUÃ QW OGPCEÃ .C RCTVKEKRCVKQP ´ NOÃNCDQTCVKQP FGU KPUVTWOGPVU FOCWVQTÃIWNCVKQP PQWURCTCÉVECRKVCNG0O[CVKNRCUNKGWFOCNNGTRNWUNQKPGVFGFÃHKPKTWPECFTG LWTKFKSWG L UGNQP NGU ETKVÂTGU FÃOQETCVKSWGU JCDKVWGNU L SWK RGTOGVVG FG FÃXGNQRRGTFGUKPUVTWOGPVUFOCWVQTÃIWNCVKQPECRCDNGUFGTÃGNNGOGPVTGPFTG EQPHKCPEG CWZ RGTUQPPGU RCTEG SWOGNNGU [ CWTCKGPV ÃVÃ KORNKSWÃGU FOWPG OCPKÂTGQWFOWPGCWVTGPQVCOOGPVXKCNGUU[UVÂOGUTGRTÃUGPVCVKHU!

$GTNGWT , n5GNH4GIWNCVKQP CPF &GOQETCE[ %JQKEG CPF .KOKVU!€ KP 7UGT +FGPVKHKECVKQP 2TKXCE[ 2TQVGEVKQP #RRNKECVKQPU KP 2WDNKE #FOKPKUVTCVKQP 'NGEVTQPKE

%QOOGTEG(KUEJGT*×DPGT53WKTEJOC[T)5;PIUVTÑO.'FU&58L&GRVQH

%QORWVGT CPF 5[UVGOU 5EKGPEGU 5VQEMJQNO 7PKXGTUKV[4Q[CN +PUVKVWVG QH 6GEJPQNQI[4GRQTV5GTKGUR

n#IKUWPKSWGOGPVFOCRTÂUNCOCZKOGSWKHCKVSWGVWRGWZXQWNQKTGPOÄOGVGORUSWOGNNG FGXKGPPGWPGNQKWPKXGTUGNNG€QWUGNQPWPGCWVTGHQTOWNCVKQPn#IKUFGVGNNGUQTVGSWG VWVTCKVGUNOJWOCPKVÃCWUUKDKGPFCPUVCRGTUQPPGSWGFCPUNCRGTUQPPGFGVQWVCWVTGVQWLQWTU GP OÄOG VGORU EQOOG WPG HKP GV LCOCKU UKORNGOGPV EQOOG WP OQ[GP€ ' -CPV (QPFGOGPVUFGNCOÃVCRJ[UKSWGFGUOWTU2CTKU8TKP

(16)

&CPUNCRGTURGEVKXGFGNOÃVJKSWGRTQEÃFWTCNG SWGPQWUCXQPUGUSWKUUÃG NGU SWGUVKQPU ÃVJKSWGU GV FÃOQETCVKSWGU VGPFGPV ´ UG TGPEQPVTGT +N PQWU RCTCÉVTCKVFKHHKEKNGUQWURGKPGFGFÃHKEKVÃVJKSWGGVFÃOQETCVKSWGFOGPXKUCIGT WPGCWVQTÃIWNCVKQPSWKPGUQKVRCUGPECFTÃGRCTNCNQK

0QODTG FOCTIWOGPVU CXCPEÃU PG UQPV UQWXGPV SWG FG HCNNCEKGWUGU GZRNKECVKQPU1PCXCPEGSWGVQWVGUVOQPFKCNFCPUNGXKNNCIGINQDCNGVSWGNC NQK GUV VGTTKVQTKCNG /CKU QP QWDNKG FG XQKT SWG NGU EQFGU L EGWZ SWG PQWU CXQPUGZCOKPÃUGPVQWVECULPGTÃUQNXGPVRCUEGVVGSWGUVKQPKNUUQPVVQWV CWUUKNQECWZ1PFKVSWGNGURTQDNÃOCVKSWGUUQPVPQWXGNNGUGVSWGNGFTQKVGUV OCN RTÃRCTÃ KPUKPWGVQP SWG NGU LWIGU UQPV RNWU KIPQTCPVU SWG NGU UQK FKUCPV GZRGTVU! 1P KPUKUVGTC CWUUK UWT NG T[VJOG FOÃXQNWVKQP FGU OCVKÂTGU 0WNPGNGPKGTC/CKUGUVEGWPGTCKUQPRQWTUGFQVGTFOKPUVTWOGPVUUQWXGPV TÃFKIÃU´NCJ¸VGGVSWKPOQPVGPHKPFGEQORVGEQOOGGHHGVSWGFGUCVKUHCKTG

´RGWFGHTCKUFGUGZKIGPEGUKPUWHHKUCOOGPVGZRNKEKVÃGU!

.C IQWXGTPCPEG FG NOKPVGTPGV UG FQKV FOGZCOKPGT CXGE RNWU FG EKTEQPURGEVKQP NGU SWGUVKQPU SWOGNNG C GNNGOÄOG KPKVKÃGU GV SWK GPICIGPV FCXCPVCIG SWG NGU UGWNU KPVÃTÄVU FG UWTHCEG UQWXGPV OGPVKQPPÃU +N PQWU RCTCÉVWTIGPVFGRQWTUWKXTGNCTÃHNGZKQPUWTEGSWGNOQPETQKVCESWKUFCPUNGU EQFGUFKVUFGDQPPGEQPFWKVGOCKUSWKPGUGTQPVVGNUSWGUOKNURTGPPGPVGP EQORVGNCFKOGPUKQPÃVJKSWG0OGUVÃVJKSWGSWGEGSWKXKUGNGDKGPFGVQWU

3WG FGU OGUWTGU CKGPV ÃVÃ RTKUGU ´ VKVTG EQPUGTXCVQKTG RTGUUÃGU RCT NG VGORUUQKV'VEOGUVDKGPCKPUK/CKUSWOGNNGUUQKGPVHKIÃGUGVFÃHGPFWGUFCPU WPG CRRCTGPVG CWTC FG OQTCNKVÃ UGTCKV UCPU FQWVG UG VTQORGT FG XQKG 2TQOQWXQKT NOÃVJKSWG FG NC IQWXGTPCPEG UKIPKHKG CW OQKPU FGWZ EJQUGU CEETQÉVTG NC RCTVKEKRCVKQP FG VQWU FCPU NGU RTQEÃFWTGU FOÃETKVWTG FGU FQEWOGPVU FOCWVQTÃIWNCVKQP FÃXGNQRRGT NGU EQPVGPWU FG UQTVG SWOKNU RTQVÂIGPVCWUUKNGUKPVÃTÄVUCWVTGUSWGUVTKEVGOGPVÃEQPQOKSWGU

3WOQP PQWU RCTFQPPG PQVTG KPUKUVCPEG PQU TÃRÃVKVKQPU GV WPG FGTPKÂTG TGRTKUGUCPUVTQRFGUQWEKNKVVÃTCKTG+NHCWVUCPUVCTFGT

LCEEQTFGT WPG CVVGPVKQP UQWVGPWG GV RCTVKEWNKÂTG ´ FGU SWGUVKQPU VGNNGU SWG NOÃSWKVÃ FCPU NG FTQKV FOCEEÂU GV PQVCOOGPV NG UGTXKEG WPKXGTUGN NGU SWGUVKQPU NKÃGU CW TGURGEV FG NC FKIPKVÃ FG NC RGTUQPPG L RTQVGEVKQP FGU OKPGWTU GV FG NC FKIPKVÃ JWOCKPG EQPVGPW KNNÃICN GV RTÃLWFKEKCDNG RÃFQRJKNKG JCKPG TCEKCNG FÃPK FG ETKOGU EQPVTG NOJWOCPKVÃ KPEKVCVKQP CW OGWTVTGCWVTCHKEFGFTQIWGU´NCXKQNGPEGNGUSWGUVKQPUFGLWUVKEGUQEKCNG GVFOGZENWUKQPLNCHTCEVWTGPWOÃTKSWGFKIKVCNFKXKFGLPQPUGWNGOGPVFCPU

1PNKTCCXGEKPVÃTÄVNGFQUUKGTn.CTWÃGFGUGPVTGRTKUGUXGTUNOÃVJKSWG€RCTWFCPU .G/QPFG+PKVKCVKXGUFGFÃEGODTG

(17)

NGU TCRRQTVU 0QTF5WF OCKU CWUUK FCPU NC TGFKUVTKDWVKQP FW VTCXCKN NG TGURGEV FGU KPVÃTÄVU GV FGU FTQKVU FGU RGTUQPPGU NC NKDGTVÃ FG RCTQNG GV NOGZCOGP FGU SWGUVKQPU FG NC EGPUWTG NC SWCNKVÃ FG NC XKG NG FTQKV ´ NOKPHQTOCVKQPNGUSWCNKVÃURGTUQPPGNNGUJQPPÄVGVÃEQORÃVGPEGNGTGHWUFG NOCDWUFGRQWXQKTNGTGURGEVFGUFKHHÃTGPEGUEWNVWTGNNGUNOCPETCIGFWXKTVWGN FCPU NG TÃGN NG OCKPVKGP FG NC NKDGTVÃ FG EJQKZ XKU´XKU FGU UGTXKEGU ÃNGEVTQPKSWGUGVE

LUG FGOCPFGT UK NGU CEVWGNU FQEWOGPVU FOCWVQTÃIWNCVKQP PG UQPV RCU FOCDQTFGVGUUGPVKGNNGOGPVFGUFQEWOGPVUFOCWVQRTQVGEVKQP

LCEEGRVGTFGPGRNWUCXCPEGTFGUCTIWOGPVUFQPVQPUCKVRGTVKPGOOGPV SWOKNU UQPPGPV HCWZ NC PÃEGUUKVÃ FG FÃRCUUGT NGU VGTTKVQTKCNKVÃU LWTKFKSWGU NOWTIGPEGFGEQODNGTFGUXKFGUNÃICWZGVE

LXGKNNGT ´ EG SWG RGTUQPPG PG UOCFLWIG KPFÖOGPV FGU TÏNGU SWK CRRCTVKGPPGPV´NCUQEKÃVÃVQWVGPVKÂTG

LOGVVTG EGU EQFGU GP CRRNKECVKQP GPHQTEG GV PG RCU NGU NCKUUGT FCPU WP UVCVWVSWKTKUSWGTCKVFGPOGPHCKTGSWGFGUXWZRKGWZ2TÃXQKTUCPEVKQPUGV RTQEÃFWTGUTGNCVKXGUCWZRNCKPVGU

LCTVKEWNGTNOCWVQTÃIWNCVKQP´NCNQK WGPVTGCWVTGUGZKIGPEGU

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LWTKFKEVKQP UWTVQWV FCPU NGU FQOCKPGU FG EQFGURC[U %GNNGUEK TGUVGPV WPKHKÃGU ´ NC TCEKPG +#0# RGWV TÃINGOGPVGT VQWV NOGURCEG FG PQOOCIG

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