fg ;< 0@e@jk

4
5K99KJKF<O@:?K FG ;< 0@AE<E 0@E@JK<I@< M9E -:FEFD@J:?< 79B<E 6 IVe`fcRUcVd H`deSfd +-),0 +-2) 99 <V_ @RRX <V EZ_ZdeVc gR_ =T`_`^ZdTYV OR\V_ <ZcVTeZV =_VcXZV V_ G^XVgZ_X e'R'g' H`deSfd +)-)* +.)) =C <=F @99? <Ref^ +2 [f_Z +)*0 :VecVWe 9UgZVd hZ[kZXZ_X Z_deV^^Z_XdSVd]fZe JaZ[\V_ZddV T]fdeVc IeSSedeaWi[UZe ab VW D[\`W` ;WiaW]SVcWd @V_cZ >RRdUcVVW ,*+ +-2+ BH <V_ @RRX GadeSVcWd d`U^8^Z_Vk'_] hhh'd`U^'_] F`d ]W`_Wc] #(#"#('' Kh ]W`_Wc] ;[\^SYW$`% =iTV]]V_eZV% L YVVWe JeRRede`VkZTYe `a UV EZ[_V_ "J`UE# `a ++ ^VZ +)*0 `^ RUgZVd XVgcRRXU SVecVWWV_UV VV_ hZ[kZXZ_X gR_ YVe Z_deV^^Z_XdSVd]fZe gR_ YVe JaZ[\V_ZddV T]fdeVc g``c UV XRdgV]UV_ IVVUZ[\ V_ GfU&:VZ[Vc]R_U OfZU' <VkV hZ[kZXZ_X h`cUe gVck`TYe U``c UV FVUVc]R_UdV 9RcU`]ZV ERRedTYRaaZ[ "F9E#' <V F9E gVck`V\e d]VTYed `^ gVc]V_XZ_X gR_ UV ac`UfTeZVUffc% `^URe UV hZ__Z_X gR_ XV_`V^UV XRdgV]UV_ _`X SZ__V_ YVe hZ__Z_Xda]R_ fZe +)** k`f aRddV_' FR T`_ec`]V SV_ Z\ gR_ ^V_Z_X URe UZe YVe XVgR] Zd' <V g``cXVdeV]UV ac`UfTeZVg`]f^Vd gR]]V_ SZ__V_ UV ^RiZ^R]V SR_UScVVUeV k`R]d SVdTYcVgV_ Z_ YVe hZ__Z_Xda]R_ fZe +)**' A\ ]ZTYe UZe YZVc_R e`V' LWciaW] gS` VW E:D <V F9E gVck`V\e f `^ ^ZUUV]d VV_ hZ[kZXZ_X gR_ YVe Z_deV^^Z_XdSVd]fZe gR_ +. [f_Z +)*+ UV ac`UfTeZVaVcZ`UV g``c UV XRdgV]UV_ IVVUZ[\ V_ GfU :VZ[Vc]R_U OfZU eV gVc]V_XV_' EVe UVkV gVc]V_XZ_X hV_de UV F9E ^VVc eZ[U eV \cZ[XV_ `^ XRd eV ac`UfTVcV_ SZ__V_ UV VVcUVc Z_XVdeV^UV e`eR]V g`]f^Vd' <V F9E XVVWe URRcSZ[ RR_ URe Vc XVV_ RTeZgZeVZeV_ a]RRedgZ_UV_ UZV VV_ Z_Y`fUV]Z[\V RR_aRddZ_X gR_ YVe hZ__Z_Xda]R_ gVcXV_' <V F9E deV]e Z_ YRRc gVck`V\ gVcUVc URe3 p UV e`eR]V ac`UfTeZV fZe UV g``c\`^V_d SZ__V_ UV `_kV\VcYVZUdSR_U gR_ UV ac`UfTeZVg``cdaV]]Z_X gR_ YVe +)** hZ__Z_Xda]R_ S]Z[We4 p UV ]RRede XV^VeV_ S`UV^UR]Z_X SZ__V_ `_kV\VcYVZUd^RcXVd gR_ UV g``cdaV]]Z_X Z_ YVe gZXVcV_U hZ__Z_Xda]R_ gR]e4 p UV g``c\`^V_d e`e UV ]RRXdeV cZdZT`TReVX`cZV Z_ UV JVZd^ZdTYV IZdZT` 9_R]jdV "JI9 ;Re'*# Y`cV_' HRXZ_R * gR_ -

Upload: others

Post on 01-Sep-2019

1 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: FG ;< 0@E@JK

5K99KJKF<O@:?K�FG�;<�0@AE<E�

0@E@JK<I@<�M9E�-:FEFD@J:?<�79B<E

6�IVe`fcRUcVd�H`deSfd�+-),0�+-2)�99�<V_�@RRX

<V�EZ_ZdeVc�gR_�=T`_`^ZdTYV�OR\V_�

<ZcVTeZV�=_VcXZV�V_�G^XVgZ_X�

e'R'g'

H`deSfd�+)-)*�

+.))�=C�<=F�@99?

<Ref^�+2�[f_Z�+)*0

:VecVWe�9UgZVd�hZ[kZXZ_X�Z_deV^^Z_XdSVd]fZe�JaZ[\V_ZddV�T]fdeVc

IeSSedeaWi[UZe�ab�VW�D[\`W`

;WiaW]SVcWd

@V_cZ�>RRdUcVVW�,*+�+-2+�BH�<V_�@RRXGadeSVcWd

� �� � �

� � � �� � � �d`U^8^Z_Vk'_]

hhh'd`U^'_]

F`d�]W`_Wc]#(#"#(''

Kh�]W`_Wc]

;[\^SYW$`%

=iTV]]V_eZV%

L�YVVWe�JeRRede`VkZTYe�`a�UV�EZ[_V_�"J`UE#�`a�++�^VZ�+)*0�`^�RUgZVd�XVgcRRXU�

SVecVWWV_UV�VV_�hZ[kZXZ_X�gR_�YVe�Z_deV^^Z_XdSVd]fZe�gR_�YVe�JaZ[\V_ZddV�T]fdeVc�

g``c�UV�XRdgV]UV_�IVVUZ[\�V_�GfU&:VZ[Vc]R_U�OfZU'�<VkV�hZ[kZXZ_X�h`cUe�gVck`TYe�

U``c�UV�FVUVc]R_UdV�9RcU`]ZV�ERRedTYRaaZ[�"F9E#'

<V�F9E�gVck`V\e�d]VTYed�`^�gVc]V_XZ_X�gR_�UV�ac`UfTeZVUffc%�`^URe�UV�hZ__Z_X�

gR_�XV_`V^UV�XRdgV]UV_�_`X�SZ__V_�YVe�hZ__Z_Xda]R_�fZe�+)**�k`f�aRddV_'�FR�

T`_ec`]V�SV_�Z\�gR_�^V_Z_X�URe�UZe�YVe�XVgR]�Zd'�<V�g``cXVdeV]UV�ac`UfTeZVg`]f^Vd�

gR]]V_�SZ__V_�UV�^RiZ^R]V�SR_UScVVUeV�k`R]d�SVdTYcVgV_�Z_�YVe�hZ__Z_Xda]R_�fZe�

+)**'

A\�]ZTYe�UZe�YZVc_R�e`V'

LWciaW]�gS`�VW�E:D

<V�F9E�gVck`V\e�f�`^�^ZUUV]d�VV_�hZ[kZXZ_X�gR_�YVe�Z_deV^^Z_XdSVd]fZe�gR_�+.�

[f_Z�+)*+�UV�ac`UfTeZVaVcZ`UV�g``c�UV�XRdgV]UV_�IVVUZ[\�V_�GfU�:VZ[Vc]R_U�OfZU�

eV�gVc]V_XV_'�EVe�UVkV�gVc]V_XZ_X�hV_de�UV�F9E�^VVc�eZ[U�eV�\cZ[XV_�`^�XRd�eV�

ac`UfTVcV_�SZ__V_�UV�VVcUVc�Z_XVdeV^UV�e`eR]V�g`]f^Vd'�<V�F9E�XVVWe�URRcSZ[�

RR_�URe�Vc�XVV_�RTeZgZeVZeV_�a]RRedgZ_UV_�UZV�VV_�Z_Y`fUV]Z[\V�RR_aRddZ_X�gR_�YVe�

hZ__Z_Xda]R_�gVcXV_'

<V�F9E�deV]e�Z_�YRRc�gVck`V\�gVcUVc�URe3

p� UV�e`eR]V�ac`UfTeZV�fZe�UV�g``c\`^V_d�SZ__V_�UV�`_kV\VcYVZUdSR_U�gR_�UV�

ac`UfTeZVg``cdaV]]Z_X�gR_�YVe�+)**�hZ__Z_Xda]R_�S]Z[We4

p� UV�]RRede�XV^VeV_�S`UV^UR]Z_X�SZ__V_�`_kV\VcYVZUd^RcXVd�gR_�UV�

g``cdaV]]Z_X�Z_�YVe�gZXVcV_U�hZ__Z_Xda]R_�gR]e4

p� UV�g``c\`^V_d�e`e�UV�]RRXdeV�cZdZT`TReVX`cZV�Z_�UV�JVZd^ZdTYV�IZdZT`�

9_R]jdV�"JI9�;Re'*#�Y`cV_'

HRXZ_R�*�gR_�-

Page 2: FG ;< 0@E@JK

I~ $F Y

X�-

+3$ �) EBF ^(]

5 &.

J- - S U Xe `[

$p

�X=�Q

Xe�

Y)�F

�U

�`

�@%�

`[ -)

A <:

�9'

Z(QF g[

ed\

%":

#%)

%)

@&

: C`

K%

F C`

$\\

(?Q

FB

@ M _ K

.Q�C

`�

F�F

H� o�7 -�X9

�E\�

en[

:�"

"Ge49 A

D F D F +(Q

EB

EB

F EB

F EB

F EB

F

!�l

�ce%�

`8$

".HL�&

�HL�

?"XJo�U `8 F I# - 6F F t

=)

F /�Q

EB

F ^(] ca F - Xe EBF ! F D, / 6 F

LF�J

-

$%

71 &

*$�

!+

/ [ > ;; >)�d

� �/

#-(�-

k�/

#

" "'�(

,)�

6�

H\�

`8�-

6 F F {+

H)

X= cJF /

?

H[

Ñ-� - H) < `�

I}

- F Xe I F -) 5 :�8

/

F�

4-�

ÑS�

YAH�Q

�Q�s�

I�U

c

F X= HE >/ Xe H% F

HE `8 ÑH

EB�

F ]&\�QQQ

+(Q�

H)�

`8ep

�X=

"m�

dIX

X;�, H[

Å%

- H)

HB

F&

X= I JJ `[ Xe H)

H)

Wf H)

F E X= 6F F --�

F�

-�

<C�*

%�7�

X=�I

�X=

Y( /

- F H)

e`

1

9 X= - U, &#

5

<C�

X= 6� F� F -;F�Q?

�D,�

T3ÑS�

<C�

sK�

X=

Q- <

C

< ` I# 8 H% - H)

X= -(

HB

- H) 6ÅB - <C

X= E `8 5 & 4 X= X= X= H�

E -#

-

X= xJ L8 HE D, X= - OJ

F ep X=

HB

HB

- H5 X= eF X= 6 X= - U#

HB

7"<

!-$ 5 - F - E X= JJ

X= -&

X=R

<C

HD ;F HB - H)

<J I X= .3 I 6HB - EB

F I F -) cc H%

HB

- $F X= ('

& . H)

D, &

Y�/&

r(�Q�

X=�Y)

I�I - -

D�&

�&"�

@6*6

7(X=�

F *+

-

F�

-�,

X=�

[(g

$X^ 6�s

�y�-

D�Y

(

@e�e

F�

@e�

X=<J�-

F�

a\

HD X= X= -) X=

EB�Å

B�

F�Å

B�

@&�G

�Q�t < - X= $w

8

F &*

�ea

�`8 - F�cc

:�M�

>/�

:9�

/

<J�E

B�

ga4�F

RRR

B(Q

L%�F

O�/

�-�-#

KB�-

/�F

FF�

R

k�Xe

^p�

X=

,�>)

3C�-

Xn

d9�

Q� - �

X=�

cc

ea ÅB HD * X=

Q�Q�-�Q

F�F�Q�X

=

-�-)�

F�,

F�AX�X

`�8

U�

;&�

` &!J

(+�

X=�

H)�P`

�u�

X=� 6

JJ�*

%�-

& #

�23:

�$

3h�X=

�E�Q

�ÅBR�H

B

q)�I

<C�-

;F�$

�*�

61

:!.

75!

,:

6:7�U�Q�3

C�-�

X=�

X=�

-�AX

,)�I�-

,/�-�

H)

H)�>)�<

Q�Xe

I�/(QQ#�

DI(

H(�cc�F

F�T

F�Q

�EB

-5�+

*�

FB

F X= -

^p�

HB�

e`

.

@"@ %

�-

+ $

6)�

20 ,

Xe�1

-

Q�X

=z�Q�

X=

A�(�

I)H(�,�Q

6)�

00- HB� N

Q�-#

H)�

HB�

X=�

F

!"

,+ $ <[) +9

F)

X= 6F HE X= - H)

`8 Ñ= HB - HE - I# - 6 X= -)- `8

#X=

F�(

F

I�-

X=�

<C�

1J�<

Q�Xe

�Xe�Q

HD Uc�cc�

H\�

`8�

-�cc

H([a

6�

p8�

ÅB�

n/�

Q�

X=

ÑI�Q

F�

X=�

<C�H

)

Q�#I

9

00

;�

:�

" !/�

5�;

F/�

Xe.

3 4;6

$ �!

Q�A�

,�d�

RX=�

- �$=

7�Xe�"

�,�

r(�I <

A�6�

P�X3J

�-�

4-�

G�$H�D- $X^ I - - -#

X=�

f`

J- X= HE HB HD * >H <C F zZ

F)

X= Xe Xe -# ea

a�F

�/�a(

+|

+OS�E

S�HE�&

6�

ÅB�

HB�-

�-�

<C

-(�E

�`8�U

D(

a�<

J-#

-

I)�I

X= ,�d

�z8�X

=�U

,�m

$X^�

X=�D

(�d�

,-

�#�D

jo

_�#I�-

HB�.

,�$

s+�

(+�Q

�X=

(�Xe X=

>)�-

[X�<

C

>)�

$=6 HB 7�-

�,�$H

�8�$

X^

Xe�9 @

^'

q[#�

Xe8

X=�

In�Z�.&

/

8>/�

&"

I)�d

)[c8�- -Q�

�-#�

+-4�$

H�

E�

$X^

'-7

�E#�

$ -

@ F ` '<)

/# $F 8 1 2 8 ;! .!

6 F U - `8

$& HD�&

Q�P�>

/2K�

:�

HD�:

X= -�

C@

4;-

X=�,

B3�,

E�

Å%�

ea�e

F�

(�<

C

HE�

56�

-

-{�6

�X=�

`8�

-

/(�Xe

e`�

HB�

cc�H

\�X=�-

-�d(

-�Q

<#�

HD0�

39A\H�

XG

HD�

+)Xe�Q

X=�[

H�

Xe�X

=�

<�F F F -

HE X= d 9 Xe�/

HB S 06 .3

''

. & & >/ &

Q�F

�-

F�{ ooj : -J

$: :9 $% .> E m a Ña i U4

Page 3: FG ;< 0@E@JK

IeSSedeaWi[UZe�ab�VW�D[\`W`

F`d�]W`_Wc]%(%$%(''

?V]Ve�`a�YVe�g``cXRR_UV�Zd�UV�deV]]Z_X�gR_�UV�F9E�[fZde'�@Ve�ac`UfTeZVg`]f^V�URe�

UV�F9E�Z_�YVe�gVck`V\�YVVWe�SVdTYcVgV_�"*+2-�^]_�F^P#�]ZXe�SZ__V_�UV�

e`VXVdeR_V�ac`UfTeZVcfZ^eV�gR_�YVe�hZ__Z_Xda]R_�+)**�"*,.,%-�^]_�F^P#'

2L;�+<@A<IC9E;�7L@;

<V�F9E�XVVWe�RR_�URe�UV�e`eR]V�ac`UfTeZV�fZe�YVe�XRdgV]U�GfU�:VZ[Vc]R_U�OfZU�^RiZ^RR]�0,.�^Z][`V_�F^P�kR]�kZ[_�g`]XV_d�YVe�hZ__Z_Xda]R_�+)**'�A_�YVe�gVck`V\�

gR_�UV�F9E�h`cUe�RR_XVXVgV_�URe�UZe�g`]f^V�Z_�UV�aVcZ`UV�e`e�+)++�kRZ�h`cUV_�

XVac`UfTVVcU'�A\�YVS�UV�deV]]Z_X�XVT`_ec`]VVcU�U``c�_R�eV�XRR_�`W�YVe�

hZ__Z_Xda]R_�+)**�ac`UfTeZVcfZ^eV�g``c�YVe�XRdgV]U�GfU�:VZ[Vc]R_U�OfZU�gR_�0,.�^Z][`V_�F^P�e`VdeRRe'�<Ze�S]Z[\e�YVe�XVgR]�eV�kZ[_'

A_�YVe�hZ__Z_Xda]R_�fZe�+)**�kZ[_�UV�XVcVR]ZdVVcUV�[RRcg`]f^Vd�e`e�V_�^Ve�+)*)�

V_�UV�gVchRTYeV�[RRcg`]f^Vd�gR_�+)**�e`e�V_�^Ve�+)*/�`aXV_`^V_'�<RRcSZ[�Zd�

RR_XVXVgV_�URe�VV_�`_kV\VcYVZUdSR_UScVVUeV�gR_�+) �h`cUe�RR_XVY`fUV_�`a�

UV�g``cdaV]UV�ac`UfTeZV'�9R_�UV�YR_U�gR_�UVkV�`_kV\VcYVZU�kZ[_�YVe�]RXV�V_�Y`XV�

dTV_RcZ`�SVaRR]U'

M``c�UV�e`eR]V�e`VXVdeR_V�ac`UfTeZV�SVeV\V_e�UZe�URe�UVkV�g``cdaV]UV�

[RRcac`UfTeZV�^`Ve�h`cUV_�`aXVeV]U�SZ[�UV�`a�URe�^`^V_e�SV\V_UV�e`eR]V�

ac`UfTeZV'�A_�YVe�hZ__Z_Xda]R_�+)**�XVVWe�UV�F9E�RR_�URe�e`e�V_�^Ve�+)*)�cVVUd�/**�^Z][`V_�F^P�fZe�YVe�XRdgV]U�Zd�XVac`UfTVVcU'

<V�ac`UfTeZVTZ[WVcd�g``c�UV�[RcV_�+)**�e`e�V_�^Ve�+)*/�h`cUV_�R]d�g`]Xe�

hVVcXVXVgV_

?RdgV]U�GfU�:VZ[Vc]R_U�OfZU

3IF;L:K@<:@A=<IJ� DCE�1D8!�

6@EE@E>JGC9E�(&''+)** +)*+ +)*, +)*- +)*. +)*/

@`XV�dTV_RcZ` ,) 0.%/ ,1%- +/%- */%1 1%-M``cdaV]UV�[RRcac`UfTeZV +. /, ,+ ++ *- 0DRXV�dTV_RcZ` +) .)%- +.%/ *0%/ **%+ .%/ERiZ^f^�e`VXVdeR_V�

ac`UfTeZV�"5Y`XV�dTV_RcZ`�

$�cVVUd�XVac`UfTVVcU�e`e�

V_�^Ve�+)*)�/**�^Z][`V_�F^P#

/-* 0*/%/ 0.. 01*%- 021%+ 2*0'0

?V]Ve�`a�YVe�g``cXRR_UV�Zd�UV�deV]]Z_X�gR_�UV�F9E�[fZde'�@Ve�ac`UfTeZVg`]f^V�URe�

UV�F9E�Z_�YVe�gVck`V\�YVVWe�SVdTYcVgV_�"0,.�^]_�F^P#�]ZXe�SZ__V_�UV�e`VXVdeR_V�

ac`UfTeZVcfZ^eV�gR_�YVe�hZ__Z_Xda]R_�+)**�"1)/%/�^]_�F^P#'

GSY[`S�-�gS`�.

Page 4: FG ;< 0@E@JK

IeSSedeaWi[UZe�ab�VW�D[\`W`

F`d�]W`_Wc]%(%$%(''

:`UV^UR]Z_X�V_�dVZd^ZTZeVZe

A_�YVe�gVck`V\�YVVWe�UV�F9E�UV�S`UV^UR]Z_Xdac`X_`dV�V_�UV�dVZd^ZdTYV�cZdZT`�

R_R]jdV�gR_�UV�XRdgV]UV_�IVVUZ[\�V_�GfU�:VZ[Vc]R_U�OfZU�XVRTefR]ZdVVcU'A\�YVS�UVkV�RTefR]ZdReZV�XVe`Vede�V_�T`_T]fUVVc�YVe�g`]XV_UV'�M``c�UV�

S`UV^UR]Z_Xdac`X_`dV�XV]Ue�URe�UV�XV^VeV_�S`UV^UR]Z_X�Z_�+)*/�_`X�SZ__V_�UV�

SR_UScVVUeV�]ZXe�gR_�UV�g``cdaV]UV�UR]Z_X�gR_�+�T^�Z_�YVe�hZ__Z_Xda]R_�gR_�+)**'�

<``c�YVe�g``cekVeeV_�gR_�UV�XRdac`UfTeZV�SZ__V_�UV�g`]f^V�XcV_kV_�h`cUe�_ZVe�

gVchRTYe�URe�UV�S`UV^UR]Z_X�R]d�XVg`]X�gR_�YVe�ac`UfTVcV_�gR_�UV�XRdgV]UV_�

IVVUZ[\�V_�GfU&:VZ[Vc]R_U�OfZU�UV�Z_�YVe�hZ__Z_Xda]R_�gR_�+)**�e`VXVdeR_V�

S`UV^UR]Z_X�kR]�`gVcdTYcZ[UV_'

<V�dVZd^ZdTYV�cZdZT`�R_R]jdV�Zd�T`ccVTe�fZeXVg`VcU'�<V�XRdgV]UV_�]ZXXV_�Z_�UV�*quq�

TReVX`cZV�gR_�UV�cZdZT`^RecZi'

;`_T]fdZV

@Ve�gVck`V\�gR_�UV�F9E�^Ve�SVecV\\Z_X�e`e�UV�_`X�eV�hZ__V_�ac`UfTeZVg`]f^Vd�

gR_�UV�XRdgV]UV_�IVVUZ[\�V_�GfU�:VZ[Vc]R_U�OfZU�\R_�h`cUV_�`aXVgRe�R]d�d]VTYed�

VV_�gVck`V\�`^�gVc]V_XZ_X�gR_�UV�ac`UfTeZVUffc%�RR_XVkZV_

p� UV�e`eR]V�ac`UfTeZV�fZe�UV�g``c\`^V_d�SZ__V_�UV�`_kV\VcYVZUdSR_U�gR_�UV�

ac`UfTeZVg``cdaV]]Z_X�gR_�YVe�+)**�hZ__Z_Xda]R_�S]Z[We4

p� UV�]RRede�XV^VeV_�S`UV^UR]Z_X�SZ__V_�`_kV\VcYVZUd^RcXVd�gR_�UV�

g``cdaV]]Z_X�Z_�YVe�hZ__Z_Xda]R_�fZe�+)**�gR]e4p� UV�g``c\`^V_d�e`e�UV�]RRXdeV�cZdZT`TReVX`cZV�Z_�UV�JVZd^ZdTYV�IZdZT`�

9_R]jdV�"JI9�;Re'*#�Y`cV_'

A\�gVcec`fh�Vc�`a�f�YZVc^VV�g`]U`V_UV�eV�YVSSV_�XVl_W`c^VVcU'

EVe�gcZV� Xc`Ve'

:'<'(?SV_dV�EJT

,@I9:K<LI�2E;<I>IFE;�<E�+FI<E

GSY[`S�.�gS`�.