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(1)

WPGTWRVWTGCXGENGUPQTOGU FGNCOQFGTPKVÃ

6JKGTT[$CTFKPKL5GTIG2TQWNZ

0QWXGNNGUHQTOGUFOGZRTGUUKQPGVF[PCOKSWGFGVTCPUHQTOCVKQP PQTOCVKXG

0QWUPQWUKPVÃTGUUQPUCWZVTCPUHQTOCVKQPUFGUPQTOGUGVFGURTQEGUUWU FGTÃIWNCVKQPUQEKCNGNKÃUCWZHQTOGUFOGZRTGUUKQPEWNVWTGNNGGORTWPVCPVNGU PQWXGCWZ FKURQUKVKHU FG EQOOWPKECVKQP FCPU NG EQPVGZVG JCWVGOGPV VGEJPKEKUÃ GV OQPFKCNKUÃ FGU UQEKÃVÃU QEEKFGPVCNGU EQPVGORQTCKPGU .QKP FG VQWV FÃVGTOKPKUOG VGEJPKSWG SWK XGTTCKV FCPU NOKTTWRVKQP FGU PQWXGNNGU VGEJPQNQIKGU NC UQWTEG FKTGEVG FW RTQITÂU PQWU RQUVWNQPU RNWVÏV SWG EGVVG EQPHKIWTCVKQPVGEJPQNQIKSWGGVNGUOCPKHGUVCVKQPUUQEKCNGUSWOGNNGJCDKNKVGQW EQPVTCKPV HQPV RCTVKG FOWPG OÄOG F[PCOKSWG EWNVWTGNNG FG VTCPUHQTOCVKQP PQTOCVKXG 0QWU XQWNQPU KPUKUVGT UWT NC PQWXGCWVÃ FG EGVVG F[PCOKSWG GP TWRVWTG CXGE NGU HQTOGU VTCFKVKQPPGNNGU FG TGRTÃUGPVCVKQP U[ODQNKSWG GV RQNKVKSWGFGNCOQFGTPKVÃQEEKFGPVCNGFQPVGNNGEQPVTKDWGUKIPKHKECVKXGOGPV´

NOQDUQNGUEGPEG %GVVG F[PCOKSWG CRRCTCÉV UQWU NGU VTCKVU FOWP RJÃPQOÂPG UQEKCN INQDCN SWG NOQP RGWV EQPUKFÃTGT ´ NC HQKU FCPU UGU FKOGPUKQPU JKUVQTKSWGÃEQPQOKSWGLWTKFKSWGRQNKVKSWGGVGUVJÃVKSWG

0QWU PQWU EQPEGPVTQPU KEK UWT WP GPUGODNG FG RTCVKSWGU URÃEKHKSWGU EQPPGZGU ´ NOÃOGTIGPEG FGU PQWXGCWZ FKURQUKVKHU FG EQOOWPKECVKQP KPHQTOCVKUÃUFGRWKUNGUCPPÃGUUQKZCPVGNCEWNVWTGFWJCEMGPNKIPG5WTNC DCUGFGNOCPCN[UGJKUVQTKSWGFGNOÃOGTIGPEGFGNOKPHQTOCVKSWGRGTUQPPGNNGGV

(2)

FKUVTKDWÃGFWTCPVNGUCPPÃGUUQKZCPVG ´ NOJGWTG FG NC IGPÂUG FG NOKPVGTHCEG ITCRJKSWGGVFGUTÃUGCWZFGEQOOWPKECVKQPKPHQTOCVKUÃUPCKUUGPVCKPUKFG PQWXGNNGUOCPKÂTGUFOGPXKUCIGTNGUQEKCNNGRQNKVKSWGGVNGEWNVWTGN'PENCKT GV UCPU RCTVKRTKU FÃVGTOKPKUVG PQWU GPVGPFQPU OQPVTGT SWOWP OÄOG GPUGODNGFGRJÃPQOÂPGUVGEJPKSWGULNOCTVFGNCRTQWGUUGKPHQTOCVKSWGNG FÃXGNQRRGOGPV FOWPG PQWXGNNG ITCOOCKTG OÃFKCVKSWG L GV UQEKCWZ L NOÃOGTIGPEG FG PQWXGNNG HQTOGU FG EQNNCDQTCVKQP GV FG TGXGPFKECVKQP L KPHQTOGPV GP RTQHQPFGWT NG FGXGPKT FGU UQEKÃVÃU QEEKFGPVCNGU 'P GHHGV ´ RCTVKT FOWP URGEVTG SWK FÃETKV NOGPUGODNG FGU LWIGOGPVU OQTCWZ GV GUVJÃVKSWGUCRRNKECDNGU´WPOÄOGTCRRQTVCWFKURQUKVKHFGRWKUNOCDPÃICVKQP QDUVKPÃG LWUSWO´ NC HCTEG KNNÃICNG ÃOGTIGPV FG PQWXGNNGU HQTOGU FG TGRTÃUGPVCVKQP GP TWRVWTG CXGE EGNNGU FG NC OQFGTPKVÃ 'PVTG NGU HKIWTGU EWNVWTGNNGUFWPGTFCUQEKCNGVFWRKTCVGJKIJVGEJ CRRCTCKUUGPV FG PQWXGNNGU RGTUQPPCNKUCVKQPUCPQP[OGUFGEGUTGRTÃUGPVCVKQPUEQOOGCWVCPVFGRQTVG RCTQNGUUCPUXKUCIG

%GVVG PQWXGNNG PQTOG RCTCFQZCNG UQWXGPV GPXKUCIÃG EQOOG GODNÃOCVKSWG FG NC RQUVOQFGTPKVÃ FÃPQVG GP HCKV WP OÄOG FGXGPKT UQEKQVGEJPKSWG FÃRNQ[Ã CWVCPV ´ NOKPVÃTKGWT FG NOWPKXGTU FGU RTCVKSWGU VGEJPQNQIKSWGUUVTKEVQUGPUWEWNVWTGGPNKIPGQWPGVEWNVWTGSWO´NOGZVÃTKGWT UQWUNCHQTOGRCTCFKIOCVKSWGFGPQWXGNNGUTGXGPFKECVKQPUFGNKDGTVÃUGNQP FG PQWXGCWZ OQFÂNGU FG RCTVKEKRCVKQP .GU FGWZ RÏNGU FG NC F[PCOKSWG L EQNNGEVKH EQNNCDQTCPV GP NKIPG ´ WPG RTQFWEVKQP UCPU CWVGWT KPFKXKFWGN HQPEVKQP CWVGWT CUUKUVÃ RCT TÃUGCW GV RNCVGHQTOG FG TGXGPFKECVKQP GP TWRVWTG CXGE NGU PQTOGU GZKUVCPVGU HQPEVKQP PQTOCVKXG L EQPVTKDWGPV GHHGEVKXGOGPV ´ WPG TGFÃHKPKVKQP EWNVWTGNNG KORQTVCPVG &GRWKU UQP QTKIKPG RTQRTGOGPVVGEJPKSWGEGOQFÂNGGPXCJKVRGW´RGWNCURJÂTGFGUKPFWUVTKGU EWNVWTGNNGUFG0CRUVGTCWEQR[NGHVCTVKUVKSWGCWVCPVSWGNGWTUOCTIGUNGURNWU WPFGTITQWPFRJÃPQOÂPGFGUTCXGUGVFGUHTGGRCTV[U

/QFGTPKVÃWPGTÃIWNCVKQPRCTNCTGRTÃUGPVCVKQP

.GU ÃVWFGU FGU F[PCOKSWGU EWNVWTGNNGU FG NC OQFGTPKVÃ QPV RTKXKNÃIKÃ LWUSWOKEKFGWZHCEVGWTUGZRNKECVKHU%GUF[PCOKSWGUUOKPUETKXGPVFQPEFCPU NG ECFTG ÃEQPQOKSWG FW ECRKVCNKUOG CXCPEÃ )KFFGPU 6JQORUQP QWFCPUNGECFTGRQNKVKSWGFGNCFÃOQETCVKGTGRTÃUGPVCVKXGSWGNNGUSWG UQKGPV NGU HQTOGU PCVKQPCNGU FG EGVVG TGRTÃUGPVCVKQP )CTPJCO

%QPLWIWÃUEGUFGWZOQFÂNGUGZRNKECVKHUOGVVGPVGPNWOKÂTGNOÃNCDQTCVKQPFW

0QWUTGRTGPQPUFCPUEGVVGUGEVKQPFGUKFÃGUFÃXGNQRRÃGUEQPLQKPVGOGPVCXGEPQVTG EQNNÂIWG /CTE 4CDQ[ 7PKXGTUKVÃ FG /QPVTÃCN FCPU NG ECFTG FOWP RTQITCOOG FG TGEJGTEJGEQOOWP

(3)

ECFTG PQTOCVKH LWTKFKSWG GV KPUVKVWVKQPPGN SWK TÃIWNG GHHGEVKXGOGPV NG HQPEVKQPPGOGPVFGUUQEKÃVÃUQEEKFGPVCNGUGVFCPUWPGEGTVCKPGOGUWTGFQPE FG NC RNCPÂVG GPVKÂTG &CPU EGV GPXKTQPPGOGPV PQTOCVKH NG EQORQTVGOGPV FWEKVQ[GPRTQFWEVKHGUVFQWDNGOGPVTÃIWNÃRCTNGUKPUVKVWVKQPUFQOKPCPVGU RTQRTGU ´ EG OQFÂNG FG UQEKÃVÃ ´ UCXQKT NG OCTEJÃ GV NG RCTNGOGPV 4G[PCWF#NQTUSWGNGOCTEJÃGPECFTGNGUEQORQTVGOGPVURTQFWEVKHU FG NOKPFKXKFW RCT WP GPUGODNG FG PQTOGU EQPXGPVKQPU GV TÂINGOGPVU NG RCTNGOGPV KPUÂTG NOGPUGODNG FG UGU CEVKXKVÃU FCPU WP VKUUW NÃIKUNCVKH ICTCPV FGUNKDGTVÃUKPFKXKFWGNNGUGVFGUFTQKVUFGNCRGTUQPPG%GFQWDNGOÃECPKUOG FG TÃIWNCVKQP L RCT NG OCTEJÃ CITÃICVKQP FGU HKTOGU GV RCT NO'VCV CITÃICVKQP EQPUVKVWVKQPPGNNG L FÃHKPKV CKPUK NGU HTQPVKÂTGU EWNVWTGNNGU FW PQTOCNGVFWFÃXKCPVFWVQNÃTCDNGGVFGNOKPCFOKUUKDNG*CDGTOCU

/CNITÃNGUEQPVTCKPVGUSWOKNHCKVRGUGTUWTNGUKPFKXKFWUEGOQFÂNGHQPFG GPRTKPEKRGNGU[UVÂOGNGRNWUCEEQOOQFCPVECTFOWPEÏVÃKNTGURGEVGGVHCKV TGURGEVGTNOCURKTCVKQPHQPFCOGPVCNGFGNOKPFKXKFW´NOCESWKUKVKQPFGDKGPUFG RQWXQKTFOKPHNWGPEGEOGUV´FKTGNCOQVKXCVKQPFGUQPFÃUKTFOGPVTGRTGPFTGGV FGNOCWVTGKNNKOKVGNCNKDGTVÃFGNOKPFKXKFWCWRTQHKVFGNCNKDGTVÃFGVQWU'P FOCWVTGUVGTOGUUKEGOQFÂNGHCKVFGEJCSWGUWLGVWPGPVTGRTGPGWTRQVGPVKGN EOGUVWPKSWGOGPVFCPUNCOGUWTGQÔUCECRCEKVÃFOGPVTGRTGPFTGEOGUV´FKTG UQPFTQKVKPCNKÃPCDNG´NCRTQRTKÃVÃRTKXÃGPGUOGZRTKOGRCUCWFÃVTKOGPVFW TGURGEV FW OÄOG RTKPEKRG RQWT UQP EQPEKVQ[GP .G RQKPV ETWEKCN FG EG U[UVÂOG FG TÃIWNCVKQP GUV SWG FCPU VQWU NGU ECU NOKPFKXKFW UG FQKV FG FÃNÃIWGT CWZ KPUVCPEGU TÃIWNCVTKEGU OCTEJÃ QW RCTNGOGPV NGU OQFCNKVÃU GHHGEVKXGUFGNCRTQFWEVKQPGVFGNCTGRTQFWEVKQPFWU[UVÂOGKPHÃQFCPVCKPUK NGU NKOKVGU FG UQP GZGTEKEG FG NC NKDGTVÃ ´ WP GPUGODNG KPUVKVWVKQPPGN GV QTICPKUCVKQPPGN SWK NG FÃRCUUG 'P ENCKT NC OCLQTKVÃ FGU FGUETKRVKQPU FG NC OQFGTPKVÃ QEEKFGPVCNG KPUKUVGPV UWT NG HCKV SWG NC TÃIWNCVKQP UWRRQUG NC FÃNÃICVKQP NKDTGOGPV EQPUGPVKG FW UWLGV XGTU FGU GPVKVÃU CDUVTCKVGU OCKU RGTUQPPKHKÃGU$QNVCPUMKGV6JÃXGPQV

'P GHHGV UOKN GZKUVG OCKPVGU EQPVTQXGTUGU UWT NOKORQTVCPEG TGNCVKXG FGU FGWZ OQFGU FG TÃIWNCVKQP QW RNWU RTÃEKUÃOGPV UWT NC TGNCVKXG KORQTVCPEG FW OCTEJÃ GV FG NO'VCV VQWU UGODNGPV UOCEEQTFGT UWT WP OÄOG OÃECPKUOG UQEKCN GV U[ODQNKSWG CUUWTCPV NG HQPEVKQPPGOGPV FG NGWTU TCRRQTVU EQORNÃOGPVCKTGUGVQWCPVCIQPKUVGU´UCXQKTNCTGRTÃUGPVCVKQP%OGUVDKGP NG OÄOG RTKPEKRG GP GHHGV SWK GUV ´ NC DCUG FW HQPEVKQPPGOGPV FGU FGWZ KPUVCPEGUTÃIWNCVTKEGU'PEGSWKEQPEGTPGNO'VCVNCTGURQPUCDKNKVÃNÃIKUNCVKXG GUV FCPU NGU OCKPU FGU ÃNWU SWGN SWG UQKV NG OQFG FG UWHHTCIG WVKNKUÃ .G RCTNGOGPVÃNWGUVNGTQWCIGGUUGPVKGNFWHQPEVKQPPGOGPVFÃOQETCVKSWGRCTNC TGRTÃUGPVCVKQP ÃNGEVQTCNG 'P EG SWK EQPEGTPG NG OCTEJÃ NC TÃIWNCVKQP GUV CUUWTÃG RCT NOCFÃSWCVKQP FGU F[PCOKSWGU FG NOQHHTG GV FG NC FGOCPFG

(4)

PWCPEÃGRCTNGHQPEVKQPPGOGPVFGHQTOGURNWUQWOQKPUKPUVKVWVKQPPCNKUÃGU

$Q[GT 1T nNOQHHTG GV NC FGOCPFG€ CKPUK SWG VQWVGU EGU HQTOGU KPUVKVWVKQPPGNNGU SWK CIKUUGPV EQOOG KPUVCPEGU OÃFKCVTKEGU FW HQPEVKQPPGOGPV FW U[UVÂOG PG UQPVGNNGU CWUUK SWG FGU HQTOGU FG TGRTÃUGPVCVKQP 4CDQ[ #DTCOUQP 2TQWNZ GV 9GNVGTU .OnQHHTG€

TGRTÃUGPVG GP GHHGV NC UQOOG CITÃIÃG FGU EQORQTVGOGPVU FG VQWU NGU RTQFWEVGWTU GV NC nFGOCPFG€ EGNNG FG VQWU NGU EQPUQOOCVGWTU SWCPV ´ NOGPUGODNG FGU HQTOGU KPUVKVWVKQPPGNNGU FG TÃIWNCVKQP GNNGU GPVÃTKPGPV IÃPÃTCNGOGPV WP V[RG FG TCRRQTV UCNCTKCN RCT GZGORNG QÔ NOKPFKXKFW CEEGRVGFOÄVTGTÃFWKV´WPnTÏNG€CWZHKPUFWnEQPVTCV€

0QWU PG XQWNQPU GP CWEWP ECU PKGT NC RGTVKPGPEG FGU FGUETKRVKQPU RTÃEÃFGPVGUPKFWRCUUÃHCKTGVCDNGTCUG0WNNGCRQNQIKGKEKFOWPPQWXGN¸IG TCFKGWZ PK PQP RNWU FOWPG PQWXGNNG nTÃXQNWVKQP€ GP HQTOG FG TWRVWTG OCTSWCPVNCHKPFOWPGÃRQSWG0QWURGPUQPUCWEQPVTCKTGSWOKNUOCIKVVQWVCW RNWU FOWPG VTCPUHQTOCVKQP RTQITGUUKXG FGU RTCVKSWGU EWNVWTGNNGU FOWPG ÃXQNWVKQPFGUHQTOGUFOGZRTGUUKQPGVFGTGXGPFKECVKQPFCPUWPGUQEKÃVÃQÔ FG PQWXGCWZ FKURQUKVKHU FG EQOOWPKECVKQP UQPV TGPFWU FKURQPKDNGU GV CEEGUUKDNGU ;WFKEG # NOJGWTG OÄOG QÔ NG OCTEJà FÃOQETCVKSWG VTKQORJG UQWU NC HQTOG FOWP RQRWNKUOG EQOOGTEKCN INQDCN GV OQPFKCNKUà (TCPM ÃOGTIGPV FG PQWXGNNGU HQTOGU FG RTCVKSWGU EWNVWTGNNGU FG TÃUKUVCPEG JCWVGOGPV XQNCVKNGU ECT IWGVVÃGU RCT NGU URGEVTGU EQPLWIWÃU FW TGE[ENCIG EQOOGTEKCN GV FG NC EQQRVCVKQP HGWVTÃG 'NNGU UG RTÃUGPVGPV PÃCPOQKPU EQOOG WP HTQPV FG RGTVWTDCVKQPU EWNVWTGNNGU RQUUKDNGU FCPU NGU EKGWZ UCPU PWCIGU FOWPG OQFGTPKVà TQPTQPPCPVG 5WT HQPF FG FÃENKP FGU KFÃQNQIKGUGVFGRTCIOCVKUOGRQNKVKSWGEGURGTVWTDCVKQPUFOCWLQWTFOJWKUQPV CRRGNÃGU ´ FGXGPKT NGU OQFGU FG FGOCKP GV NGU QRRQUCPVU CW U[UVÂOG UGU HWVWTU NGCFGTU .G OQFG FG NC TÃIWNCVKQP RCT NC TGRTÃUGPVCVKQP HQPEVKQPPG ´ RNGKPTÃIKOGWPKUUCPVNGRTQFWEVGWTGVNGETKVKSWGFCPUWPOÄOGKPVÃTÄVFG IGPTGNGURGEVCENGFQKVEQPVKPWGT

/CKU NG URGEVCENG LWUVGOGPV UOGUV UKPIWNKÂTGOGPV EQORNKSWà 2WKUSWG VQWV NCUUG FG RNWU GP RNWU XKVG WP RWDNKE UQNNKEKVà FG VQWVGU RCTVU KN C DKGP HCNNW HCKTG FG EGVVG XKVGUUG OÄOG NOWP FGU RTKPEKRCWZ CNNKÃU FW U[UVÂOG 8KTKNKQ7PGOQFGSWKRCUUGGPECEJGWPGCWVTGSWKRGWVEQOOGPEGT WPG OÃOQKTG QWDNKÃG NCKUUG FG NC RNCEG RQWT WP UQWXGPKT GP RGTRÃVWGNNG EQPUVTWEVKQP %GVVG PQWXGNNG nOCEJKPG ´ RTQFWKTG FGU UQWXGPKTU UKVÏV QWDNKÃU€FÃETKVWPGÃEQNQIKGOÃFKCVKSWGVTCPUHQTOÃGRCTNGFÃXGNQRRGOGPV FGUVGEJPQNQIKGU PWOÃTKSWGUFGNOKOCIGGVFWUQP RCT NC EQPXGTIGPEG FGU OÃFKCU VTCFKVKQPPGNU GV FGU VGEJPQNQIKGU KPHQTOCVKSWGU RGTUQPPGNNGU GV FKUVTKDWÃGU&CPUEGUPQWXGCWZFKURQUKVKHUFGEQOOWPKECVKQPOÃFKCVKUÃGRCT NGU TÃUGCWZ PWOÃTKSWGU NGU TÏNGU VTCFKVKQPPGNU FG RTQFWEVGWT GV FG

(5)

EQPUQOOCVGWTFGEQPEGRVGWTGVFOWUCIGTUOGUVQORGPVGVUGEQPHQPFGPVFCPU NGUPWCPEGUFKXGTUGUCUUWOÃGURCTWPPQWXGCWUWLGVEQOOWPKECPVSWGPQWU CXQPU CRRGNÃ NOKPVGTCEVGWT $CTFKPK 2TQWNZ $ÃNCPIGT # NC HQKU KFÃQNQIKG FQOKPCPVG GV CPETCIG GHHGEVKH FG RTCVKSWGU FG RTQFWEVKQP GV FG EQPUQOOCVKQP NC EQOOWPKECVKQP FGXKGPV NOCEVKXKVÃ RTKPEKRCNG FOWP UWLGV KORCTHCKVGOGPVTÃIWNÃFCPUNGECFTGPQTOCVKHVTCFKVKQPPGN2TQWNZ

&ÂUNQTUNCOQPFKCNKUCVKQPGVUQPGZVGPUKQPUQEKQVGEJPKSWGLRTGPCPVNC HQTOGFGEGVVGPQWXGNNGÃEQNQIKGOÃFKCVKSWGLCXKXGPVFGUVGPUKQPUUWUEKVCPV

´NCHQKUETCKPVGUGVGURÃTCPEGU& QÔNGUWTIKUUGOGPVFGFÃDCVUGPVQWTCPVNC SWGUVKQP FW PQWXGN GPXKTQPPGOGPV PQTOCVKH SWK UG EQPUVKVWG FCPU NC F[PCOKSWG FG FÃXGNQRRGOGPV FGU TÃUGCWZ OQPFKCWZ FG EQOOWPKECVKQP . CRRCTGKNNÃIKUNCVKHF WP'VCVPGHQWTPKVRNWUNGUKPUVTWOGPVUUWHHKUCPVU´NC TÃIWNCVKQP F WP VGN FKURQUKVKH UQEKQVGEJPKSWG UG LQWCPV FGU HTQPVKÂTGU JCDKVWGNNGU F CWVCPV SWG N 'VCV OQFGTPG FÃOQETCVKSWG GUV FQTÃPCXCPV WP 'VCVOQFGUVG4CDQ[4GKPKEMG%CNCDTGUGGV$WTIGNOCP 'PVGPFCPVICTCPVKTNGFÃXGNQRRGOGPVFGUGPVTGRTKUGUCWVCPVSWGNGOCKPVKGP FW NKGP UQEKCN NO'VCV CRRCTCÉV CW EGPVTG F WP FKHHKEKNG RTQEGUUWU F CTDKVTCIG GPVTG NGU KPVÃTÄVU FGU RTKPEKRCWZ CEVGWTU #WLQWTF JWK RCTNGOGPVU VTKDWPCWZ QTICPKUCVKQPU KPVGTPCVKQPCNGU GV CWVQTKVÃU FG TÃIWNCVKQP FG VQWU PKXGCWZ UQPV EQPHTQPVÃU ´ NC PÃEGUUKVÃ FG TGRGPUGT N CTVKEWNCVKQP FG NGWTU EQORÃVGPEGU$QNVCPUMKGV%JKCRGNNQ+NCRRCTCÉVHÃEQPFFGEQPUKFÃTGT NGURTCVKSWGUGVNGUWUCIGUSWKHQPFGPVNCETÃCVKQPGVNCFKHHWUKQPFGPQWXGNNGU PQTOGUGVEQPXGPVKQPU*COGNKPM.GPQWXGCWECFTGPQTOCVKHGUVHCKV FGNQKUOCKUCWUUKFGEQPVTCVUGVF WUCIGU#NCFKHHÃTGPEGFGNCNQKNCPQTOG PG UG FÃETÂVG RCU GNNG ÃOGTIG RTQITGUUKXGOGPV ´ VTCXGTU NGU RTCVKSWGU KPVGTKPFKXKFWGNNGUGVFGXKGPVNCEQPXGPVKQPSWKIWKFGTCNGURTCVKSWGUHWVWTGU LWUSW ´ N CRRCTKVKQP FG PQWXGNNGU PQTOGU SWK VTCPUHQTOGTQPV NGU CPEKGPPGU

#KPUKNGEGTENGFGUETÃCVGWTUFGPQTOGUGUVVQWLQWTURNWUNCTIGSWGEGNWKFGU NÃIKUNCVGWTUQWOÄOGFGUGPVTGRTGPGWTU.GNQPIGV/CNNCTF.CRTKUG GP EQPUKFÃTCVKQP FG VTQKU V[RGU FG PQTOGU L LWTKFKEQRQNKVKSWGU OCKU CWUUK VGEJPKSWGU GV UQEKCNGU L EQPUVKVWG WPG CRRTQEJG RGTVKPGPVG RQWT UQTVKT FW FKNGOOG FCPU NGSWGN PQWU RNCEG VTQR UQWXGPV NC SWGUVKQP RQWTVCPV GUUGPVKGNNG RGWVQP NÃIKHÃTGT ´ RTQRQU F KPVGTPGV! .GUUKI .G NÃIKUNCVGWT P GUV GP GHHGV SW WP FGU CEVGWTU L CW TÏNG RTKXKNÃIKÃ EGTVGU L FW

%GU TÃHNGZKQPU UOKPUETKXGPV FCPU NG ECFTG FOWP RTQITCOOG HTCPEQSWÃDÃEQKU FG EQQRÃTCVKQP GP TGEJGTEJG %14'8+ HKPCPEÃ EQPLQKPVGOGPV RCT NG OKPKUVÂTG FGU 4GNCVKQPU KPVGTPCVKQPCNGU FW 3WÃDGE GV RCT NG OKPKUVÂTG FGU #HHCKTGU GZVÃTKGWTGUFGNC(TCPEGGVTÃWPKUUCPVWPGXKPIVCKPGFGEJGTEJGWTUEQQTFKPCVKQP5 2TQWNZ $ %QPGKP ( /CUUKV(QNNÃC 0QVTG QDLGEVKH GUV FG TÃHNÃEJKT EQPLQKPVGOGPV ´ NOÃOGTIGPEGFGPQWXGNNGUPQTOGUNKÃGU´NCOQPFKCNKUCVKQPFOKPVGTPGV

(6)

PQWXGN GPXKTQPPGOGPV PQTOCVKH .GU CWVTGU CEVGWTU U KPUETKXGPV FCPU NG LGW FWOCTEJÃÃEQPQOKSWGQWCIKUUGPVFCPUNCUQEKÃVÃEKXKNGGVGPRCTVKEWNKGTCW UGKPFGUTGITQWRGOGPVUGVCUUQEKCVKQPU SWK NCVTCXGTUGPV 2TKEG GV 8GTJWNUV

.CEWNVWTGFWJCEM

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(7)

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(8)

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(9)

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(10)

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(17)

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(18)

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(19)

)CTPJCO 0 'OCPEKRCVKQP VJG /GFKC CPF /QFGTPKV[ #TIWOGPVU CDQWV VJG /GFKCCPF5QEKCN6JGQT[1ZHQTF1ZHQTF7PKXGTUKV[2TGUU

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(20)

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