Вы находитесь на странице: 1из 17



  
  

"!$#&%')(*#&+-,.% / 021&+43 5,(


+6187
9 %:' ;<!=' >&+6;?5@A18( +4' @B!$187

C DE3 #=;?51$%F((G

HIKJLKMONQPRJJSUTWVYX[Z]\
X^_H I`XN ba
 NdcfegMOeghiegj:klJ   M  I NKj m Z  IbZcfM  c
M m  MnNKMoX  JpOZRefj  IKNKM  NdcfegMOeghiegjqXN`r"PResXefjqtuNiMnvj  cfMOeZ
w poX mx cfyKh mKz M m MONKM{Xq|} ~ } 
A?K
RP hKLdj  cfL`X  jAL`X  X^je  MOjr8ybZ  Xh  j2L`JefjNegMoXp{c6MON`cfefjXr8JkF^je  M  efI  jj   jJ^je  Mnjc6M{c
rMoc  h`cmcfjr8MnNefIKj  JNegjeAJk4egIij
cfIegj x X  vX  MoXyKpnjcW^JN  JefIKj  efIKMON  c z XNmMONegj  N`Xp
 pnJ mx klJ  egIKjklhipnpegIKjJ  Z  XNy`jM{rjNefMdjrXh  j  `MnN   JN`rMOegMOJN`cuIKM  I&pOjXr8egJ$efIKj
N`Xefh  Xp  jJ^je  M  Xp<cfjLdX  XegMOJN2JkLiIbZcfM  Xpk  J^  Xh  jq^Jbrjc
X  j4rj  Mnvjr"uMOegIegIKj6h`cfjqJk
efIKjcfhiL`j  ^je  M  MnN  JNKNKj  egMOJN  cfhKLdj  cfLdX  j=L`j  efh  y`XefMnJNc  IKj^j Xy`JhieYXNhKN  JNvjNegMOJN`Xp
y`X x  JhKN`r=uIiM  I&M{cMON`X  jcmcfMnyKpOjegJ  JNvjNegMOJN`XpuvX  M{XyKpOjc6M{cL  jcfjNefjr)IKj  jcfhKpnemXNe
jRL`XNdcfMnJN  jemXMnNdc^4h  IAJk<efIKjcfMO^LipnM  MneZJk<.cfIefj x X  cklJ  ^4hKpoXefMnJNAJk.jNKj  XpYjp{XefMOvRMOeZ

~ 
S fomUUUR
Q
a$Y mU[R mU<m mU mK?]g[KfoUR[

 NegIij  lk J  ^AXpnMocf^  z efIKjqcfhKL`j  I`X^MOpnefJNKMoXN  JNdcfe  XMONe  XNy`jF  MOegefjNQXc

m~    ~ ! #"$&% 

m'
uIij  j  emX x jc<efIKj
vXpOhKjuJk   klJ  cfL`X  jegMO^jc*Jk h  pOM{rjXNcfM  NdXegh  juXNdr)(  klJ  cfL`X  jegMO^jc
Jk VJ  jNKefM{XNQcfM  N`Xefh  j
cNKJegjryZegIij4XhKegIiJ  cJkjUkg| z egIKjFefIKjJ  ZAI`Xc
XN]MONegj  jcfefMnN 
cfe  JN   JhKLipnMON  pOMn^MOe<J  j  J4cfM  N`Xefh  jpnMO^MneXe IKM  IegIKj
LdJegjNefM{XpKefj  ^vXNKMocfIKjc<XN`r6JNKpOZ
efIKj x MnNijefM  efj  ^EIKM  IAMoc  h`Xr  XefM  MnNegIij^J^jNbemX  j^AXMON`c    XNy`j4XcmcfhK^jrefJy`j
efIKj
^je  M  Jk cfhKLdj  cfL`X  j
egIijcfL`X  juJk   jJ^je  MOjc<rjc   Mnydjr6ybZ6egIij.j  hKMnvXpnjN  j  poXcmcfjc Jk
cfL`XefM{Xp^je  M  chiN`rj   
 rM+* jJ^J  LKIKMocf^c  XNdrAMOeuI`XcefIKj:klJ  ^ '
 % 
! / ! 0  ! 1 !  ( ! 2

| 
|-, . ! .
uMOefI]MONvj  cfj
  % | , . ! .
! 1 ! 3 ! 1 !  ($| !  ! 4 


Iij.cfhKLdj  ^je  M  c?X  juhipne  XpnJ  XpbMONegIij.cfL`XefM{Xp^je  M  vX  M{XyKpOjc  J  jJvj z XNMONe  MON`cfM  efMn^j
L`X  X^jegj  IKM  I]MocL  JL`J  efMnJNdXp`efJ4pON5. ! .  XN]ydjFM{rjNefM`jrAcfMON  jefIKjqcfhKL`j  ^je  M 
687 a
:; 9  % | , . ! .
! / !  ! / !  ($| !  !   6 !  6 ! 

} 
I`XcIZRLdj  y`JpOM  cfM  N`Xegh  j
(<  <  <  <  <    '>= IKMoccfh  jcfemcuefI`Xe
MON  h`XNefhK^  X[vRMOeZ z jc 
Ldj  MoXpnpOZ MnN=egIKj  JNefjReqJkcfLdXegMoXpnpOZ  J^L`X  eF^-XNiMklJporKc z X2L  jklj m jrrj  jjJkuk  jjrJ^ Jk
efIKjAefIKjJ  Z  XN ydj]cfMON  pOjrJhKe4XcFefIKj$mMONegj  N`Xp  pOJ xb  jpoXefMnvjefJQuIiM  I$JegIij  rj  jjcFJk
k  jjrJ^Jk*efIKjFegIijJ  ZjvJpOvjX  J  rMnN  efJegIijrZRNdX^M  c  Jvj  NKjryZefIKj?IKjjpnj  @ j? MOege
 h`XefMnJN $IKj]XrJLKegMOJN$Jkcfh  I XN&XLKL  JRX  I  JhKpor pnjXr=egJ$X  jcfJpOhKefMnJN=Jk.efIKj]MocmcfhKjJk
efMn^jMON  hdXNbefhK^  X[vRMOeZ
BA J  X4rMoc  h`cmcfMOJNJNBegIKjFMocmcfhKj
Jk efMn^jMON  hdXNbefhK^  X[vRMOeZ4MON]efIKj
 JNegjReJk?egIij  JNKNij  efMnJNBvX  M{Xyipnjcj
uMOpnpdydj
klJ  h`cmcfMON  JN z cfjjqHI`XLY  |qJk jkg   5?MnefI
jRL  jcmcfMOJN
}  Xc efIKj^je  M  Jk cfhiL`j  cfL`X  j z MONqegIijucfe  JN   JhKLKpOMON 
j  JFcfM  N`Xefh  j  pOMO^MOe z efIKj
cfhKLdj  I`X^MnpOegJNiM{XN  JN`cfe  XMnNe  XNydjMONegj  L  jefjr-egJydjefIKj:k  jjDC:pnjMON  .J  rJNj  hdXegMOJNE | 

cfIegj x X  I`XcX  IKMOjvjr  j^AX  x XyKpOj cfMO^LKpOM  XefMnJNdcJkefIKj  JN`cfe  XMnNemcJku


jNKj  Xp*jpoX 
efMnvMneZ yZ2MONbe  Jbrh  MnN  P-F
  Xh  j4LdJegjNefM{XpocqXc
klhiN`rKX^jNbemXp?vX  MoXyKpnjc2}-( 2G= N$efj  ^-c:Jk
efIKjNijvX  MoXyKpOjc z egIKj  JNdcfe  XMONesc klJ  LKh  j  X[vRMOeZ  jXr
H #IJLK H % 

 M3


T



NJO QP R S K K H % 

UV
NW P R R H T@X S K X K  H K T % 

 Y2


uIij  j:egIKjF^AX  KN jegM  `jpor

S K  H | K R    H (   H  RH T@X T  X 

~
IijefMnporjcuXydJvjXN`rBy`jpOJ efIKjFvX  MoXyKpnjcrjNKJefjFegIKj:kX  euefI`XeuefIKjZ2X  jegjN`cfJ  rjN`cfMOegMOjcJk
jM  Ie   XN`r (   jcfL`j  efMnvjpOZI  Jh  IKJhKeegIKMocJ  x z pnJj   Xcfj V XegMON]MON`rM  jck  J^ M efJ

rjNKJefjMONbefj  N`Xp P-F


 MON`rM  jcIKMnpOjMON`rM  jck  J^ <JNuX  rKc<X  jFcfL`XegMoXpMON`rM  jc<pOpegIKjcfj
MON`rM  jc  hKN k  J^  efJ  ? j  XN  jLKpoX  j R H T X yZQefIKjAefjN`cfJ  rjN`cfMOeZ P R H T X MnN
  cfJegI`Xe
 XefIKj  efI`XNy`jMON  JkYjM  Ie<eJ z egIijcfhiL`j  I`X^MOpnefJNKMoXNqM{c JkYjM  Ie<JNKjXc M{c efIKj  XcfjklJ  
uMOefI4efIKj.  vX  MoXyKpOjc )IKM{c ^AX x jc?efIKj.cfhKLdj  ^je  M  MON  JNKNKj  efMnJNcfhKL`j  cfL`X  j z jRL  jcmcfMOJN

m~ ydjpnJ z Xh  jXN`rqrM+*jJ^J  LKIiM{cf^  MnNvX  MoXNReduMOegIKJhieYefIKjMnNe  Jbrh  efMOJNqJk^je  M  J  e  M{Xr
vX  MoXyKpOjc
 NALdX  egM  hKp{X z X^JN  efIKjcfMn^LKpOM  XegMOJN`c<X  IKMnjvjryZ
cfIefj x X z efIKj  j
M{c  j^AX  x XyKpOZqNKJ
LdJegjNegMoXpefj  ^ MnNegIijcfhKLdj  IdX^MOpOegJNKMoXN  JN`cfe  XMONe Jk?egIij egIKjJ  Z z M k jFe  jXe K  H XcefIKj
^J^jNefhK^vX  MoXyKpnj z XN`rXrJLKeefIKjNdXegh  Xp  IKJM  j:Jk
  T P R P R H T@X S K X

f 
H
XcefIKj  JNe  XvX  MoXNe4^je  M  klJ  egIKj cfL`X  jQJk  Xh  j  MnNvX  MoXNe   jJ^je  MOjcArjc   Mnydjr8yZ
efIKj$j  hKMOvXpOjN  j  p{XcmcfjcBJk-
cfIegj x X   JNKNKj  efMnJN`chiN`rj ] Xh  je  XN`cklJ  ^AXefMnJN`cXN`r  

rM+* jJ^J  LKIKMocf^Ac )IKM{crj`NiMnefMnJN&JkFegIKjQcfhiL`j  ^je  M  rJjc6NKJeMONvJpnvjegIij2vX  M{Xyipnjc K  H
J  !   N2efj  ^AcJk<vRMOjpnydjMnNdc
  T 

X X   H

 GT 

 X  H

 X GT

 M3

H



   H

 GT (

 X   H

  XVGT

UV

uIij  j:egIKjFvRMOjpnydjMnNdc  XN]ydjFesX x jN2efJydj
P
  X


X H %

   H %
| S  S a P UV H

 M3

 UV


 X  H %

 X   H % S K !#"   P UV H 6 X P U X  6 H

%$
'&

 j  j P U  H rjNKJegjc)egIKjFMONbvj  cfj
Jk<egIij^AX  NKjegM  djporAXN`r
P

S   ( P R P R H T@X S K  H S K 0T S K X


|

m

MocefIKjrjefj  ^MON`XNe Jk S K  H = \JegM  jIiJjvj z efI`XehKNKpOM x j


jRL  jcmcfMOJN
|  z efIKjqcfhKL`j  ^je  M 

Moc?NKJe<hKpOe  XpnJ  XpiMnN  Pjj
jUkg  klJ  cfJ^j  J^^jNbemc JNegIKje  XrjuJ'*]ydjejjNXNhKpne  XpOJ  Xp
cfhKLdj  ^je  M  uMOegI8XpnJ  XpLdJefjNefM{Xpefj  ^ MON$efIKjA   klJ  ^AXpOM{cf^ XNdr$XpnJ  XpcfhKLdj  ^je  M 
uMOefIKJhKeXNZAL`JefjNegMoXp?MnN2efIKj4
cfIegj x X  klJ  ^AXpOM{cf^2u)IKj  JvX  M{XNe.cfhiL`j  ^je  M  z egIKj6MnNvj  cfj
Jk   T MnNefIKj
cfIefj x X  klJ  ^AXpnMocf^ z Moc  jXrMOpnZ  J^LKhKefjrBefJydj
 H

m'
 K  H 0T 
S K S " | S K  H S K T ( S K /T S K  H
&
uMOefI
 K  H X
:; 9   XT
:; 9  %  T@X
:; 9   K X@ H
:; 9  % 6   6 H'T

m | 
; 9 rjNKJefjcefIKj  JJ  rMnNdXegjJN2XNMnNKMOefM{Xp  vXpnhijIZRLdj  cfh  kX  jPRMON  j
rje
  T  %  rje
 K  H T   S % (
| S K "

m
H
efIKj MONvj  cfj
 JvX  M{XNe  cfhKLdj  ^je  M  jRMocfemcYM k`XN`r:JNKpnZ
M kKegIKj^AX  NKjegM  `jporMoc NKJN  rj  jNKj  Xegj
 NAefIKMoc  jL`J  e z hiNKpnjcmccfesXefjrAJefIKj  uMocfj z jcfI`XpOp`rjXpdJNKpOZMnefI]
cfIegj x X  vX  M{XyKpOjcegIdXeX  j
 jXpuXN`r$cfMorj  cfegjL$efIKj  jXpOMOeZ  JN`rMOefMnJN`c2}-( 2 efI`XeqI`X[vjAefJQydj]MO^L`JRcfjr JN8egIij]
cfIbefj x X 
vX  MoXyKpOjc A J  cfL`X  j  efMn^jc?MnefI h  pOM{rjXNAcfM  N`Xegh  j z MneM{c  JN`cfMocfefjNe<efJXcmcfhi^jefI`XeuXpOp`efIKj
vX  MoXyKpOjcX  j  jXp
 N2cfhKLdj  cfLdX  j
L`X  X^je  MnjryZ  Xh  jLdJegjNegMoXpoc z egIKjqcfhKLdj  ^je  M  emX x jcuefIKj
klJ  ^
687 a
:; 9  %  K  H 0T
:; 9  6   H
'; 9  6  T
:; 9 

m } M3
K  K 
K T
K 
K 0T

m } UV
% S S
S H 6   H 
S 6  0T (
S H 6  1T
S 6   H  
K S " 
6 H  a ( 6   T H 6   T
S

m } Y2
H
H&
%
~
uIij  j:egIKj  
  JJ  rMnNdXegj c  H T X  jFrj`NKjrAyZ
6  H T S K  H 6  /T  6   T H 6  H'T (  6 H:T
6  X X

m
H h  vXegh  j4Jk.cfhKLdj  cfL`X  jqJy`cfe  h  emc:egIKjMONegj  XyKMOpnMOeZJkuegIijpOJ  Xp  JJ  r MnNdXegjcAIijcfhKLdj  
^je  M 
6 7 a % " ; 9  K  H T
:; 9  6   H
:; 9  6  0T
'; 9 

m~
Moc  pOjX  pnZArM+*jJ^J  LKIiM{cf^ XN`r P-F
  Xh  j  MnNvX  MoXNe<XN`r]rJRjcNKJe  j  Kh M  j
egIij^je  M  vX  M 
XyKpOjc K  H J  !  klJ  MOeegJydj rjUdNKjr<IKjFcfhKL`j  ^je  M  I`XccfM  N`Xefh  j
cfM  N
S K S 
 <  <  <  <(<4(<(<(<( 

m 


fc MON  j Xcfe  XM  IeklJ  u X  rrj  J^LdJRcfMnefMnJNJk 6  MONbefJAcfZR^^je  M  e  X  jpOjcmc.XNdr]XNefM  cfZR^^je  M 


L`X  emc
6   T H 6 7 H T  | R H T@X 6 X

m
ZRMOjp{ric
687 a
'; 9  % S K S " ~
6 H H  a ( 6   T H 6   H T
&
K S " 
6  H  a  
6  X 
6  X 
S

H
|
~
%
&
($| "
687 S a  a  |
687 a  a  |
6 7 " S  a  |
687 S S  6 7 a a  a  |
6 7 S S ( 687 a a  a
m 
&
"
 eAMnpOpydjcfIKJuN&efI`XeAIKjN  jcfe  M  efjr&efJ efIKjLKIZbcfM  XpcfhKydcfL`X  j]^JbrhKpnJ=egIKj  JN`cfe  XMONe

 y  z egIKj6IZRLdj  ydJpOM  cfhKLdj  ^je  M  I`Xc:cfM  N`Xefh  j4cfM  N


S K S 
 <4(<(<(<(<(  XN`r2efIKjXNbefM 
cfZR^^je  M  ^AXe  M  jcuIKM  I  jNKj  XegjFXNQP-F
 cfhKy  JhiL-r  JL]JhKe
IijkX  efJ  S K S JhKp{rBI`X[vjydjjNX  JNklJ  ^AXpkX  efJ  MON6 7 a
:; 9  j  jFMOe.efJAydjqL`JRcfMOefMnvj
rj`NKMOefj ? jA^AX x jANiJcfh  I  jcfe  M  egMOJN`c  yihKeqNKJefjAegIdXe4efIKj cfM  N`Xefh  jJk.efIKj]cfhKLdj  ^je  M 
Mocrjegj  ^MONKjrybZBegIKjcfM  N2Jk S K S z cfJBegI`Xe
efIKP j  jqM{c:XAcfuMOe  IKMON  Jk egMO^j  pOM x j4XN`r2cfL`X  j  pOM x j
 JRJ  rMON`Xefjc?MnN  JNKNKj  efMnJN  cfhKLdj  cfL`X  j IKjN S  jvj  cfjc<cfM  N <IKMoc<cfMOegh`XefMOJN4Moc<^6h  IX x MONefJ
uIdXeuI`XLKLdjN`cMnNQcfLdX  jefMn^jFuIKjN2JNKj   JRcmcfjcefIKjqIKJ  MOJNJkX6yKpoX mx IiP Jpnj
IKMocL`X  XpOpOjp M{c
^P J  j efI`XN4X
^j  jXN`XpnJ  Z  N4cfhKLdj  cfL`X  j z egIij   JRcmcfJvj  MONqegIijucfM  NqJk S J  h  c?Xe vXNKM{cfIiMnN 
S 2  J^LKhKemXegMOJN JkuegIKjA
cfIegj x X   JNKNij  efMnJN=JNKj  klJ  ^AcklJ  efIKj  poXcmcfM  XpP  IuX  c  IKMpor
cfJpOhKegMOJNAZMnjporKc2 '
 S % 
     JR
c 
 a

 a % (  ( |  cfMON 


|
 %  (  

"
M k*efIKjvMnj  ydjMnN2JNKj  klJ  ^Ac
!  ;   ;  % 
 
  X  jesX x jN2efJy`j

   ( |
  <   <  cfMON  

 <

 %





 ( a 

|  M3

| UV

|  Y2

| '

.c:j^LKI`XcfMOjr"MnN ujkc z egIKj  p{XcmcfM  Xp*


cfIefj x X   JNKNKj  egMOJN`cX  j6egIKjXNegM  cfjp k  rh`Xp L`X  e
Jk efIKjcfLiMnN  JNKNKj  efMnJNQXN`r"egIij  jklJ  j4rjLdjN`rKcJNQefIKjqJ  MOjNemXegMOJN2Jk efIKj4vMnj  ydjMnN`c   e  XN
}

P
ydj cfjjN2egIdXeXeegIijqIKJ  MnJN  % |  <iegIKjq
cfP Iegj x X   JNKNKj  egMOJN2ydj  J^jc
Xy`jpOM{XN2XN`r S vXN 
MocfIKjc  J  jJvj z MOe  XN y`j  Iij x jr2efI`Xe S  j^AXMnN`c  jXpXN`r  I`XN  jccfM  NQuIijN j   JRcmc
efIKjIKJ  MnJNY  eMocqXLKL  JL  MoXefjqIKj  j4efJ2MnNefj  j  eqXJ  rQJk  XhKefMOJNY])IKj4jRL  jcmcfMOJN`c
| 
XN`r
| ' X  j:klJ  efIKjP  IbuX  c  IKMporcfJpOhKefMnJNuMOefIQVJ  jNKegMoXN2cfM  N`Xefh  j JJyKemXMnN2efIKj h 
 pnMorjXN2P  IuX  c  IKMOp{r6cfJpnhKefMOJN z j  XN^-X x j
efIKj  JNefMnNh`XefMOJNe ( 3<yKhKeefIKj h  pOM{rjXN
P  IbuX  c  IKMnpor
cfJpnhiegMOJNqjP RMocfesc?JNipnZ
klJ    |   ' z uIKM  IFklJpOpnJ.ck  J^  j  hKM  MnN  efIKju
cfIbefj x X 
LdJegjNegMoXpocefJ2y`j  jXp S cfefMnpOp<vXNiM{cfIKjcXeFP efIKjIKJ  MnJNJk  Jh  cfj  N  jNKj  Xp z klJ q jXp  JN 
NKj  egMOJN`c z efIKj  Xh  j  MONvX  MoXNbe  JN`rMOegMOJN S
:; 9  %  I`Xc  JrMO^jN`cfMOJNAJNKjqXN`rBegIh`c)N`Xefh  XpnpOZ
rj`NKjcqXeJ  rMO^jNdcfMnJN`Xp<cfh  kX  jAMON  cfLdX  jJN8uIKM  I8MOeqIKJp{ric
BA J   J^Lipnj$
cfIbefj x X 
 JNKNKj  egMOJN`c uIKM  I  J m jcfL`JNdrKc?efJ4cfL`X  jefMO^jc uMOegIVJ  jNegMoXN-cfM  N`Xefh  j z jXpnMOeZ  JN`rMOefMnJN`c
I`X[vjefP J4ydjMO^L`JRcfjrJNegIijvX  MoXyKpOjcyKhKe.Xc)jI`X[vjrM{c  h`cmcfjr z klJ  efIKj6P  IuX  c  IiMp{r6cfJpnh 
efMnJN z S Jk<efIKj
cfIefj x X   JNKNKj  egMOJN  j^AXMON`c  jXpYXN`rcfuMOe  IKjccfM  N2XeuefIKjFIKJ  MnJN P 
Iij  JvX  MoXNe cfhiL`j  ^je  M  MnN  JNKNKj  egMOJN cfhiP L`j  cfL`X  jjRMocfesc6M kXN`r=JNKpOZM k S MocqNKJN 
vXNKMocfIKMON  2Ih`c  JN  h  XegMOJN`c
MnefI vXNKM{cfIiMnN  S  J m jcfLdJN`regJL`JMONescFMON cfhKLdj  cfL`X  j-Xe
uIiM  I$egIij]cfhKLdj  ^je  M 
  MocqcfMnN  hip{X  PJ^jjbX^LKpOjcqX  jA^AXNKM klJp{rKc:uMOefI IKJ  MOJN`cqXN`r
^AXNKM klJp{rKc
rjc   MOy`jryZQ
cfIbefj x X  LdJegjNefM{Xpoc
uIiM  IX  j4XydjpOMoXNXNegM  MnNdcfesXNefJN`c2 '  NQNKJN 
Ldj  efh  y`XefMOvj  h`XNefhK^  XvMneZ z cfh  I  JN  h  XegMOJN`ccfemXN`rAJhieuXN`r  XNy`jFjRLdj  efjr2efJLKp{X[Z
  h  M{Xp  JpOjc
Iij$Xh`cmc VYX[ XN`rcfhKLdj  ^J^jNeghi^  JN`cfe  XMONescBX  j2  cfeAJ  rj  MnN efIKj^J^jNesX
XN`r  jNKj  XegjP-F
  Xh  je  XN`cklJ  ^AXegMOJN`cFXN`r  Xh  j  JvX  M{XNe   rM *jJ^J  LiIKM{cf^Ac  j 
cfLdj  efMnvjpOZ IijM   JNe  XMnNeqXp  jy  X  pOJRcfjcqMnefIKJhKe4cfe  h  egh  jklhKN  efMnJN`cuIKM  I8rjL`jN`r=JN
rZN`X^M  XpuvX  M{XyKpOjc)IKMoccfh  jcfemc6egIdXeefIKjcfj  JN`cfe  XMnNemcX  jefJ ydj2e  jXefjr rM+* j  jNegpOZ
k  J^ efIKjAcfhKLdj  I`X^MnpOegJNiM{XN  JN`cfe  XMnNe
uIiM  IMoc  h`Xr  XefM  MONefIKj^J^jNemX  IZbcfM  XpnpOZ z Mne
 XN y`jMONbefj  L  jegjr"egI`Xe:egIKjefIKjJ  ZQrjL`jN`ricJNKpOZ2JN  Xh  j  MnNvX  MoXNe   jJ^je  MnjcXNdrQXc
Mocucfh  jcfefjrByZegIKj:klJ  ^ Jk<efIKj cfhiL`j  ^je  M  z efIKjqcfhKL`j  I`X^MOpnefJNKMoXN  JNdcfe  XMONe  XNefIKjN2y`j
h`cfjrBegJrjegj  ^MnNijegIij rZN`X^M  XpdjvJpnhKefMOJN]Jk?egIKjFefIKjJ  ZAuMOegI  jcfL`j  euefJXNMONbe  MON`cfM  efMn^j
L`X  X^jegj 
Iij4jRMocfegjN  jAJk.X2cfhiL`j  ^je  M  XpOpnJ.cFXBpnJ  Xpurj  J^LdJRcfMnefMnJNJkuegIij  JesXN  jNecfL`X  j
MONbefJ  Xh  jArM  j  efMnJN`c:XN`regIKjM  J  egIiJ  JN`Xp  J^LKpOj^jNeMnefI  jcfLdj  eefJQefIKjAcfhKLdj  ^je  M 
Iij  jqMoc
efIh`cXBN`Xegh  Xp  jJ^je  M  Xp<cfjL`X  XefMnJNJkefIKjqLKIZcfM  Xp k  J^_egIij  Xh  j4rj  jjc
Jk
k  jjrJ^ efI  Jh  IAefIKjqrj  Mnvjr  Xh  j  `MnN   JN`rMOegMOJN`c PRJ^j  j  jNeJ  x c)JN]efIKj  jpnjvXN  j
JkYcfh  I  Xh  j  dRMON   JN`rMOegMOJN`c?MON  X[vRMOeZqh`cfMON   JNvjNegMOJN`XpRvX  M{XyKpOjc  XNy`j)klJhKN`rqMONAjUkg
 5?MnefI  K  H T XcuefIKjcfhiL`j  ^je  M  z efIKj  Xh  j  dRMON   JN`rMOegMOJN`cuX  j:JyKesXMONKjr-k  J^
K  H 0T 6  
6 
T  
9


|| 
;
H
%
 "


uIij  jD6   XN`r 6 


X  jqegIKjqLiIbZcfM  Xp ^Jrjc
XN`r  X h  j4rM  j  efMOJN`c  jcfLdj  efMnvjpOZt.cfMON  efIKj
jRLKpOM  MOeklJ  ^Jk<efIKj  JNe  XMnNemc z jJyiesXMON
XN`r

K  H T 6  
( I   T 
9

;
H
%
 "

| 

8 X
K  H T 6  
P R@04 S K  T8 
K / T 6   
|
9

9
R

T
U

X
S
H
;
;
H
H %

%

 "
 "

|} 

uIij  j UV H S S K S P R R H T@X S K T S K 4X


Iij cfMO a  Xh  j  `MnN   JN`rMnefMnJNdcuX  j4rj  MOvjrBk  J^ efIKj  j  hKM  j^jNeefI`Xe  N`c|  XN`r
|}qIKJpor6klJ  X  yKMOe  X  Z H
:; 9  XN`r  
:; 9  = )Ih`c?klJ  NiJN  rj  jNij  Xefju^AX  NKjefM  `jp{rKc z egIKj  Xh  j 
`MnN   JN`rMOegMOJN`c klJ    rM *jJ^J  LiIKM{cf^Ac?pOjXrAefJ
R H X T S K /T 6   H % 

| 
 Nefj  ^Ac?JkefIKj
pnJ  Xp  JJ  rMON`Xegjc?Jk  NY  z egIiM{c?Moc egIKj
cmX^j.Xc?efIKj  j  hKM  j^jNeYefI`Xe 6 H T
ydj4cfZR^^je  M 
Ih`cefIKjqhKNKLiIbZcfM  Xp^Jbrjc 6  H  XN2y`jcfje.efJAj  JAXN`r2jqX  jqpnjkle
uMOefIX
cfhKLdj  ^je  M  Jk cfM  N`Xefh  jucfM  N
S K S 
 <(<(<(<4(<(  uIiM  I4LKM mx c<JhKe  H H Xc<efIKjL  jklj m jr
MONbe  MON`cfM  egMO^j  pOM x j  JJ  rMnNdXegjFMnN cfhKLdj  cfLdX  j
\JegM  j4efI`XeefIKjqegMO^j  pOM x j  JJ  rMON`XegjFI`Xc
efIKj
MONbefj  jcfegMON  L  JLdj  eZJk

| ~
  " ; 9 6  H H % 6 
uIij  
j $M{cefIKjH Iij  N  PMn^JN`c*klhKN  efMnJN`Xp  ecfIKJhKporAydjqNKJefjrefI`Xe
uMOefI2egIKj4
cfIefj x X  vX  M 
XyKpOjc z Mne:M{c:egIijcfhKLdj  ^J^jNeghi^  XegIij  egI`XN efIKjAXh`cmc VYX[  JNdcfe  XMONe.IKM  IQjpOMn^MON`Xefjc
efIKj cfhiy`cfL`X  j
Jk efIKj cfhiL`j  ^je  M  uIKM  I  J m jcfLdJN`rKc egJefIKj XNefM{cfZ^^je  M  L`X  eJk S K  H 6  1TV=
pnefj  N`XefMnvjpOZ z M k juJ  rj  efIKjcfhKLdj  ^J^jNeghi^  JN`cfe  XMnNe<MONegIij  JNKNKj  egMOJN   jL  jcfjNemXegMOJN
Xc
P R0 S K  H 6  6   
 G % 

|  
H
XN`rBh`cfj
6  
 >
6  T X

9  6
K 1T
:; 9  6 T
9
S

| 

T
6   H
:; 9 
6  H
:; 9 
%   " 6  H
:; 9  6  X

9 %
jI`X[vj
P R S K  H S K T R H T@X 66  XD% 

| 
uIiM  I z klJ  NKJN  rj  jNKj  Xefj
^-X  NijefM  `jp{ric z MO^LKpnMOjc 6 6  X % 
~

I  jjJegIij  X h  j^JrjcAIKM  I  J m jcfLdJN`r egJ&efIKj8P-F


  Xh  j  MONvX  M{XN  j2Jk4efIKj

cfIegj x X  vX  M{Xyipnjc  XN`y jFjpnMO^MnNdXegjrBh`cfMnN 


|  uIKM  IpnjXrKcefJegIij  Xh  j  `MnN   JN`rMnefMnJN
 I 
 K  0T 6  0 T G H %  G
 K  H 0T 6  0 T   R H T@X  T  K /X  6    % 



? MOefI efIKj2NKJN  e  MnvM{XpucfhKLdj  ^je  M  z efIKMoc4MocX N`Xefh  Xp  jNKj  XpOMnXefMnJN A J  J  rMON`X  Z8P-F

 Xh  jefIKjJ  ZMnN Xe
cfL`X  j  efMn^j z egIKMoc  Xh  j  `MnN   JNdrMnefMOJN  jrh  jcefJefIKjFh`cfh`Xp  JvX  MoXNe
H JhipnJ^6y  Xh  j  JN`rMOefMnJN

@I  6    H % 

'
cfMON  jegIij4cfhKL`j  ^je  M  klJ  egIKMocLdX  egM  hKp{X  MnNdcfesXN  jMoc Xe.XNdrAMocJk*efIKj:klJ  ^  K  H T % 6  6 H T =
Iij  Xh  j  `MnN   JN`rMOegMOJN
 IKJjvj  MONvJpnvjcqefIKj  Xh  j  MONbvX  M{XNeMONe  MON`cfM  egMO^j]LdX 
 X^jegj u jpoXegMOvjFegJAIKM  IJegIKj  rj  jjcJk?k  jjrJ^ jvJpnvju ^J  j  jXcfJN`XyKpOjXpnefj  N`XefMnvj
 Xh  j  `RMON  L  J  jrh  jFM{c:egJh`cfj6egIKjcfhKLdj  ^je  M  klJ  efIKjcfhKy`cfL`X  j  J^LKpnj^jNeuefJ2egIKj6MnN 
e  MnN`cfM  efMn^j  JRJ  rMON`XefjqegJjpnMO^MnNdXegjqefIKj  Xh  j4rj  jjc
Jkk  jjrJ^EJkefIKjcfhKydcfL`X  jPRMON  j
j  XNQXpocfJ4  MOefj
 0T

 | 

6 7  a %  
   H 6   H  a ( H 6   H 6  T 
efIKj cfhiL`j  ^je  M  klJ  efIKj rjcfM  jrAcfhKy`cfLdX  j
I`Xc)egIijklJ  ^
 0T
 H
 X T   H
 T X  T

 M3
K S " S K /T S K  H (  S K  H S K T
S

UV
%

&
uMOefI]vMnjpOy`jMON`c
P

 } M3

   H %
~ S  ! S K  H

 X T   H % SK !"  S K  H 6 T X  S K /T 6 H X

 } UV
$
&
Iij  jcfhKpnemXNe  Xh  j  `RMON   JN`rMOegMOJN`c k  J^
 H 0T
6   H
6  
T  % 
9



;
 "
X  jXc)y`jklJ  j
=
= <<MocucfZ^^je  M 
R H X T S K /T 6
  H %  =
= 6   T H

~
XN`r
 T
 I G
 6   T GH % 

 










Iij  Xh  j  dRMON   JN`rMOefMnJN`cegIdXeAj]IdXvj2rMoc  hdcmcfjr8cfJkX  X  j  JRJbr JNKpOZ pOJ  XpOpnZ8MnN cfh 
Ldj  cfLdX  j2XN`r=egIij  j  XN ydj cfhiyKegpOjegMOjcXcmcfJ  M{Xefjr8uMOegI  MOy`Jv  JLKMOjc2  |   J  jJvj z efIKj
 Xh  j  `RMON   JNdrMnefMOJN`cuX  jrj  MOvjrklJ 
 j  MOJN`cMONQcfhKLdj  cfLdX  j
IKj  jefIKjqcfhKL`j  ^je  M  Moc
Xc 
cfhK^jregJydj  j  hKpoX  .P c:jqI`X[vj4rMoc  hdcmcfjr z efIKM{c^jXN`cegI`Xe:j4cfesX[ZQXuX[Zk  J^ cfMON  hKpoX 
LdJMnNemc
uMOegI vXNiM{cfIKMON  S  N efIKj  JNefjeJkL`j  efh  y`XefMnJNegIKjJ  Z z efIKMoc  jcfe  M  egMOJNQ^AX[Z]NKJe
ydjqhKN  jXcfJN`XyKpOj.ZLKM  XpOpnZ z XcMnNegIij  Xcfj6JkXydjpOMoXNQXNbefM  MON`cfemXNegJN`c z cfh  I  JN  h  XefMOJN`c
I`X[vj
^J  jFcfZR^^je  Z4efI`XNNKjM  IydJh  MON   JN  h  XefMOJN`c XNdr]X  j
efIbhdccfMnN  hip{X  MONAefIKj  Xh  j
XN`rArM *jJ^J  LiIKM{cf^  MONRvX  MoXNRe?^JbrhipnMcfL`X  j<IKj
klhipnp  h`XNefhK^egIijJ  Z^6h`cfe Jk  Jh  cfj
esX x j
MONbefJX  JhKNeefIKjcfjMONe  M  hKMON   JN  h  XegMOJN`c
  j  MocfjpnZWydj  XhdcfjefIKj  JNe  X[vX  MoXNbe$cfhKLdj  cfL`X  j&^je  M  Moc  IKJRcfjNegJWydj   T
P R 4P R H T@X S K X <KefIKj4cfhKLdj  I`X^MnpOefJNKM{XN  JNdcfe  XMONe  XN2y`j6MnNefj  L  jegjrXcuefIKj   C:pnjMON  .H J  rJN
j  h`XefMOJN]MON  h  vjrAcfhKLdj  cfLdX  j
MnefI  JvX  MoXNe ^je  M 
 K  H 0T SK S " | S K  H S K T ( S K /T S K  H


&
IiM{c)L  JvM{rjcXN`Xefh  XpJ  rj  MnN  klJ  efIKjAU
cfIegj x X   ? IijjpOj  B j4?Mnefe  hdXegMOJN
S K "  a K  H" S K "  a P R  P R H T@X S K 4 X K T    % 

 
&
uIiM  I]MON]efIKj  JNKNij  efMnJN   jL  jcfjNesXefMOJNMocj  hKMnvXpnjNeuefJ
P
P

rje  ! 6  6 T


rje  !   T 6  6     % 

} 
H
H

IKjj  hdXegMOJN`c?X  j<klJ  uX[vjklhKN  egMOJN`XpocIKM  I4X  j IdX  ^JNiM  j  J  klJ  ^AcMON4cfhKL`j  cfL`X  jY)IKjZ
 XN2y`j  jNKj  XpOMnjr-klJ  MON`cfemXN  j z efJAegIij  XcfjFP Jk uX[vjklhKN  egMOJN`XpocJk jM  Ie S MONQcfhKLdj  cfLdX  j z
yZAXLKL  JL  MoXegj
MON`cfj  egMOJN`cJk?L`Jj  cJk*rje  \JefM  jFegIdXeuMON]efIKj  poXcmcfM  Xp  a JNegjRe z
N P R0 P R H T X S K 4 X K  H K  T % 

} '
XN`rBMnNpOJ  X p  JRJ  rMnN`Xefjc z efIKjq
cfIbefj x X   ? IKjjpOj  @ j?Mnefe  `h XefMnJN  XN2y`j  nM efefjNQXc

6 6 T   T H  6 6 T   % 

}R| 
;H
; H
uIij  j
6 Q &
X T  6

} 

H6 
6; TX
H


XN`r

TX 
S K ! 6  6   S K !

T X H 

}} 
H
w Z L`JRcfefhKpoXegMON  XcfLKMnN8cfe  h  efh  j6klJ  cfhKLdj  cfLdX  j  ' z JNKj  XN  JN`cfMorj  fe IKjA^AXcmcfpnjcmc  M  X 
j  h`XefMOJN


T X  H  X T " 6 6    H   % 

} 

&

H
Z 
 
Jk*efIKj
 e
cfIKJhKporAydjj^LKI`XcfMOjregIdXe.efIKjqcfLKMON  JNKNKj  efMnJN z  <KMON2egIij XydJvj:M{cJNKpO
kX  e efI`XecfhKLdj  cfLdX  jMoc
  
XN`r6efIKjujL  jcmcfMnJN`c*I`XvjegJFydj  j  hKpoX  MOjry`jklJ  juefIKj
efIKjJ  Z
 XNA^AX x jcfjN`cfj  NAL`X  efM  hip{X  egIijcfLKMON  JNKNij  efMnJNvXNKMocfIKjc*klJ  XFL  jc   MnLiegMOJNJk 6 "
 % 3=
 NefIKM{cJ  x z j.rJqNKJe XrKr  jcmc?efIKj
vX  MOJh`c M{cmcfhKjc  JN  j  NKMON  j  hKpoX  MnXefMnJNdc?JkYegIijuefIKjJ  Z
Iij  jrh  jr  JN  h  XegMOJN4cfL`X  j  XNydj
MnNefj  L  jegjrFefJqy`jegIKj  


  JNcfhKLdj  cfL`X  j
cfhKy j  eefJ4efIKj  Xh  j  `MnN   JN`rMnefMnJNdc klJ  P-F
  Xh  je  XN`cklJ  ^AXefMnJN`cXN`r   rM+* jJ^J  
LKIKMocf^Ac2N`Xefh  Xp uX[Z egJJ  rj  egIij  j^-XMONKMON   JNdcfe  XMONesc z uIKM  I8X  j4  cfeqJ  rj  MON efIKj
^J^jNemX z Moc6egJ LKpoX  j]efIKj^J^jNeghi^ JLdj  XegJ  JN&efIKjje  j^j  M  IeqJkefIKj  JNdcfe  XMONesc z
uIiM  I]efIKjN  jXr

  6  6   R H T X  T 6  6 /X     % 

} ~ M3
H
P R S K  H 6  6    % 

} ~UV
H


MON]efIKj   jL  jcfjNemXegMOJNY?IKj  IKJRcfjNJ  rj  MnN  Mn^LKpOMnjcefI`Xe


egIijuX[vjklhKN  egMOJN`XpocuIKM  IcmXe 
MocklZefIKj  JN`cfe  XMONescX  jMONvX  M{XNehKN`rj  MON`NKMOefjcfMO^AXpP-F
  Xh  je  XNdcklJ  ^-XefMOJN`c XNdr  
rM+* jJ^J  LKIKMocf^Ac<cfMON  j
     " ; 9 6 
 H :
; 9  6   6 :
9     %   

}  
;
H
MocjN`cfh  jr"ybZ2efIKj6J  rj  MnN    }   '  cmcfhKjc  jp{XefjregJL`JRcmcfMOyKpOj4XNKJ^AXpnMOjc
MONefIKjXcmcfJ  M{Xefjr
 hdXNbefhK^  JN`cfe  XMnNeuXp  jy  XFuMOpnpydjemX x jN2hKLMnN2XFklhKefh  jJ  x
? MOefI]efIKj  Xh  j  `MnN   JN`rMnefMnJNdc XN`rcfhKLdj  ^je  M  MnNI`XN`r z j  XN]NiJcfegh`rZvX  MnJh`c
pOMn^MOesc6JkqegIKj2efIKjJ  Z XN`r  JN`cfMorj  L`j  efh  y`XefMnJN`cXydJhKey`X mx  JhKN`rKc

  H z K  H  uIKM  I
cmXefM{cklZ]XpOpefIKj  JN`cfe  XMONbemc?IKj
djporKc  XNydj rj  J^L`JRcfjrAXc

  6 
 %

  H %   H  M  H < K  H % K  H  K


 H

} 

K
 H X  jqefIKj `h  efh`XefMnJNdc  j poXegMOvjqefJ]efIKjqy`X x  JhKN`r
  H z K  H  F JApnJjcfe
 eghdXegMOJN`c z efIKjpOMnNKjX  MOjr  JN`cfe  XMnNemcX  j
I  1K
 H  RH T@X@M T K1X % 

} M3
P R 0
S K   H K
 H  K  H  I   M  H ( I   M  H  % 

} UV
I  rjNKJegjc6efIKj  JvX  M{XNerj  MnvXefMOvj2uMOegI  jcfLdj  eefJ8egIKj2ydX mx  JhiN`r  Xh  j  JNiNKj  efMOJNY
RL`XN`rMnN  XydJhKeuXFy`X mx  JhKN`r6uIiM  IAM{c  J^L`XefMnyipnjuMOegIegIij  JN`cfe  XMONesc z egIKjFcfhKL`j  I`X^MOp 
efJNKM{XN  JN`cfe  XMnNe  XN2ydj  MnefegjNQXc
| P R0 R H T@X S K 4X K H K
T  P R K R   R H T@X
@I  1M   X K H K  T 


4

X

0

T
| P R K R   R H T@X
@I  1M   X K  H K
0T 
P R0 R H T@X S K  K
H K





X



T
R H T@XR   M3 M8  K  H K  IKM  IKj  J  rj  efj  ^-c




%
Iij4h`cfh`Xp?Ldj  egh  ydXegMOJNXN`XpOZbcfMoc
MocefJ  JN`cfMorj  `h  efh`XegMOJN`cXydJhKeefIKj Xe h  pOM{rjXN
  H z K  H  %
 z 6  H  = H JNvjNegMOJN`XP pYLdj  egh  y`XegMOJNXNdXpnZcfM{c:M{c
; 9  MON`rjL`jN`rjNe
y`X x  JhKN`r

 X m Mnjr8JhKeMON&egIijQ^je  M  J  vRMOj  ydjMnN  jL  jcfjNesXefMOJNY  N&egIKj    jL  jcfjNemXegMOJN z egIKj  J 
vX  MoXNeucfhKL`j  ^je  M  MocefIKj  Jj   MOjNbeJk<egIKj  hdXr  XegM  efj  ^EMON   H
egIijqvX  M{Xyipnj  JN h  Xegj
efJ K  H  <MONefIKj cfhKL`j  I`X^MOpnefJNKMoXN  JN`cfe  XMONe IKMoc  JvX  M{XNe]cfhKLdj  ^je  M  I`XcefIKjklJ  ^

rje K  !
GK  H K T ( K 1T K  H  uIKM  I$MO^LKpOMnjc:egI`XeqefIKjA^je  M  JkcfhiL`j  cfL`X  j4LdX  X^je  MnjryZ
K  H emX x jcefIKj
klJ  ^
6 7 a
:; 9  %
rje K  !
|  T ( /T   6 K  H 6 K T

2M3
 H
  H
  ! " 
6 K H' a (
6 K  H 
6 K 0T 

j
e

'UV
%
~  H
 1T
 H
&
uIij  j   M{c*egIKjMnNvj  cfj<Jk K  H XN`r
 1T 6 K  H  Moc?efIKje  X  jpOjcmc?L`X  e?Jk
 /T 6 K  H =  j^AXN`rMON Kz
XcFydjUklJ  j H z egI`XeFefIKjALKIZbcfM  Xp<^JbrjcFJk
egIKjcfhKy`cfL`X  j4MnefI cfhKLdj  ^je  M 
rje K 
S  T (
 H
"
`
y
F
j
J
f
e
K
I
J

J
`
N

X
d
p
g
e

J
f
e
K
I
j

X
h

j

r
M
j
f
e
n
M

J
d
N
c
f
e
K
I
j

X
h
j
d

O
M
N

J
`
N

r
O
M
g
e
O
M

J
`
N

c
X
j









z




 /T   H
P
R H T X 
T@X % 

 | 
XN`r
  P  H 



%

uIij  j M  H XN`r
J  rj  MON]fe IKj `h

P
P
uIij  j 
 H MocegIKj
e  X  jpOjcmcL`X  eJk
6     H <Iij.pOMONKjX  Mnjr  JN`cfe  XMnNemc k  J^
} X  XN`r
} y 
Xj
 LK  H  RH T  M T 

 } M3

%
 M T T (  T M T  

 } UV
%
XN`rBegJpOJjcfeJ  rj z egIijcfhKLdj  IdX^MOpOegJNKMoXN  JN`cfe  XMONe Moc
RH T X  H M X T % 


Iij  JN`cfe  XMONescFXN`r  Xh  j  `RMON   JN`rMOegMOJN`cFX  j]cfJpOvjr ybZ M  H XN`r K
 H ydjMnN  e  XNdcfvj  cfj z
cfZR^^je  M  XN`re  X  jpOjcmc IKjcfjeJ pOJ  Xprj  jjcJkqk  jjrJ^ Jk4efIKjQefIKjJ  Z&pnMONKjX  MOjr
XydJhKe efIKj Xe<ydX mx  JhiN`r  XNy`j
MorjNegM `jr6uMOegIefIKj
h`cfh`Xp  X[vRMOegJNdc2 ~'  NAefIKjXcfZR^LKefJe 
M  XpOpOZ Xe  JNefjRe z efIKj4ydJhKN`riX  Z  X^MOpOegJNKMoXN  jNKj  XegjcFXcfZR^LKefJegM  efMn^jqe  XN`cfp{XefMOJNXN`r
rZN`X^M  XpYjvJpOhKefMnJNklJ  efIKjqegIijJ  Z  Jjvj z MnN2efIKj  XcfjJkcfL`XegMoXpOpnZ  J^L`X  e
^AXNKMklJporKc z
efIKjcfhKL`j  ^je  M 
' cfh  jcfemc<efI`Xe<efIKj
MONbe  MON`cfM  efMO^jL`X  X^jegj  M{c L  JLdJ  egMOJN`XpRefJqpON
rje K 
cfMON  j  6 K  H % 6*pnN
rje K  = )IKM{c)M{cMON X  jj^jNbeMnefI2efIKjqL  jvRMOJh`cuXNdXpnZcfjc)y`XcfjrAJN2efIKj

cfhKLdP j  ^jH e  M J
}   N=egIKjBpnMONKjX  MnjrpnMO^Mne z egIKjBMnNe  MnN`cfM  efMn^j  JRJ  rMnN`Xefj4MocFL  JLdJ  egMOJN`Xp<efJ
e 
  cfMnN  j
P
P P

6 7  a . % ~
    a (   H T   T H

~
C:jjLKMON  egIKj `h  efh`XefMnJN`cefJAcfj  JNdrAJ  rj  MON]efIKjqcfhKLdj  IdX^MOpOegJNKMoXN  JN`cfe  XMONe z jI`X[vj
M T T M X X ( M T X M X T  RH T X  H M X T  } R X@T H
 X M TGK
 H % 

 


c  XNydjujRLdj  efjr6k  J^WefIKjklJ  ^WJkcfhKLdj  I`X^MnpOefJNKM{XN  JN`cfe  XMnNe?Jk efIKjklhKpOpegIKjJ  Z z MON


efIKj K   jL  jcfjNbemXefMnJN z jurJNKJe<jN`rFhKL6uMOegIX
k  jj C:pnjMON  .J  rJNj  hdXegMOJN
cfjj.XpocfJjkg ~
klJ   JNKNKj  efMnJNQXN`rpOJRJL   jL  jcfjNesXefMOJN`cL`j  efh  y`XefMnJNQXNdXpnZcfjcMnefIQefIKj Xe
y`X x  JhKN`r 
\JegjBegI`XeFjRL  jcmcfMOJN
m' z efIKjAcfhKLdj  ^je  M  Jk  JNKNKj  egMOJN  cfhKLdj  cfLdX  j z MoccfMON  hKpoX  klJ  egIKMoc
Xe h  pOM{rjXN2y`X x  JhKNdr  JN  h  XefMnJN (F N egIij  JNKNKj  egMOJN   jL  jcfjNbemXefMnJN z M kj4uMocfIQefJ
 JN`cfMorj  efIKjQcfhKLdj  I`X^MnpOefJNKM{XN  JNdcfe  XMONeXcefIKjC:pnjMON  .J  rJN  h`XefMnJNMnNcfhKLdj  cfLdX  j z
Ldj  efh  yKMON  XydJhKeefIKj Xeuy`X x  JhKN`r6MocIKM  IKpOZhKNKN`Xefh  XpdMk<NKJeMO^L`JRcmcfMOyKpOj
? jNiJ  JN`cfMorj  L`j  efh  y`XefMnJN`cXy`JhieuXN2hKN  JNvjNefMnJNdXpKy`X mx  JhKN`r6djporuIiM  I]MnpOp
jRIKMOyKMOe^-XNZ$JkqefIKjQcmXpnMOjNe4kljXefh  jcAXcmcfJ  MoXegjr uMOegIegIKjklhipnp
efIKjJ  Z&MnN&efIKj  JNKNij  efMnJN 
 jL  jcfjNbemXefMnJNY H JNdcfM{rj  efIKj ; 9  MnN`rjLdjN`rjNe ydX mx  JhiN`r



  H < K  H  %
 | 6  H < 






IiM{c  IKJM  jJk ydX mx  JhiN`r8pnjXrKc-egJ S K  H % 6  H XN`r egIijcfhKLdj  ^je  M  emX x jcAJNX cfMO^LKpOj
klJ  ^ klJ  efIKMoc  JN  h  XegMOJNY  eAM{cBXcN`Xefh  Xp
egJ  JN`cfM{rj  cfh  I X=y`X mx  JhKN`r8MON efIKj 
 jL  jcfjNbemXefMnJN XcMOeMoc:egJ2h`cfj6egIij Xey`X mx  JhKN`r"uMOegI$PvXNKM{cfIiMnN  .cfIefj x X   JNKNij  efMnJN MON
efIKju^je  M   jL  jcfjNbemXefMnJNqMnefIAcfhKL`j  ^je P M 
 J  MON4efIKj    jL  jcfjNbemXefMnJNqMnefIcfhKLdj  ^je  M 

' )IKjy`X mx  JhKN`r MnefI&vXNKMocfIKMON    H MocXp{cfJ XN     JkcfhKLdj  I`X^MnpOegJNiM{XN N
? IdXe4Moc  j^AX  x XyKpOj]XydJhKe4efIKMocqy`X x  JhKNdr M{c6efI`Xe4MOeM{c  JN`cfM{rj  jr=egJ ydj]hiNKLKIZbcfM  Xp MON
efIKj  JNegjeJk  vX  MoXyKpOjcydj  XP hdcfjqklJ  vXNiM{cfIKMON  rjN`cfMOegP MOjr2e P  M{XP rKc z egIij  vX  MoXyKpOj
! 
 JN`cfMorj  jr&XcArj  MOvjr=k  J^   H efI  Jh  I !  %
rje   S
  H  H  M{c-NKJejvjNjpOp 
rj`NKjrA)IKjAcfhKLdj  ^je  M J
|  M{cqcfMON  hKpoX  Xeqcfh  I$X  JN  h  XegMOJNXN`r egIKj  JN`cfe  XMnNemcklJ 
efIKj4  vX  MoXyKpOjc
X  jFNKJe.rjUdNKjrklJ  rj  jNKj  Xefj^je  M  cIKj4cfMOefh`XegMOJNM{cIKJjvj  vj  Z
rM+* j  jNeuMnefI2egIij4.cfIefj x X  vX  M{Xyipnjc
P cfMnN  
j     
MnN2efIKj4
cfIegj x X   JN`cfe  XMONbemcMoc
egIij  jqX

 j  hKM  j^jNe egI`Xe  JN h  XefjuvX  MoXyKpOj  H y`j
NKJN  rj  jNKj  Xefj Ih`c?MOe<^AX x jc?L`j  klj  e cfjN`cfjuefJ
 JN`cfMorj  egIKj:L`j  efh  y`XefMnJN]XydJhKej  J4^J^jNbemX<\JegM  j XpocfJqefI`XeuefIKP Mocy`X x  JhKN`rcmXefM{cdjc
XpOpegIKj  JN`cfe  XMnNemc  NdrjjrBMON]efIKj u  jL  jcfjNesXefMnJN z efIKj  JN`rMOefMnJN   H %  e  XN`cfpoXegjcMONegJ
6   

 
6  H
%
uIiM  IIdXc<efIKjMONegj  L  jemXegMOJN4efI`Xe    MocXFegJLdJpnJ  M  Xp`MONvX  MoXNbe Jk  H = ?MnefI]efIKj
J  rj  MON 
Jk efIKj  JN`cfe  XMONescrMoc  h`cmcfjrL  jvRMOJh`cfpOZ z egIKj  JN`rMOegMOJN
  Moccfh   MnjNe<klJ  XpnpefIKj  h`XNeghi^
 JN`cfe  XMnNemc
egJ2IiJp{r XN`r XcfesXefjuIKM  I$cmXefM{c`jc
MOeFM{cFXL`JRcmcfMOyKpOj  h`XNefhK^ cfemXefjJkefIKjegIKj 
J  Z   }   NL`X  egM  hKpoX z X  h`XNefhK^ cfemXefj4uMOefIQefIKM{cL  JL`j  eZMoc
egIijqNKJN  Xy`jpOM{XNQ
X[Z  PRMON  j 
efJ  cfMnJN %  I  jRL
M x   rMoc  h`cmcfjr6MnN2jUkg 
? MOefIqegIKMochiN  JNbvjNefMnJN`Xpy`X x  JhKN`r z egIKjpOMnNKjX  MOjrXh`cmc VYX[ XN`rFcfhKLdj  ^J^jNeghK^
 JN`cfe  XMnNemcesX x jFegIijklJ  ^Jk
 LK  H 

~ M3

%
P R H K
 H % 

~UV
t
cfMnN 

~'
M  H
:; 9  < K
T

9     % | 6 H T 6   6 "
:; 9 (
9 
efIKjpOMONKjX  Mnjr  JN`cfe  XMnNemc  jNij  Xefj
6 M3 H % " M3  H <   " ; 9
T  VK
T    P R K
T 
T &  

(     6   T T   R@ 

~ | 
H  H
H
% |


|

uIij  j M   H MocFegIijAe  X  jpOjcmc:L`X  eFJk M  H = Ih`c:egIij  JN`cfe  XMONbemc:L  jcfj  vj6egIijAe  X  jpOjcmcfNijcmc:Jk
M3  H XN`rcfh  jcfe efI`XeegIKj
pOJN  MOegh`rMnN`XpKXN`rXNefM  cfZR^^je  M  L`X  emc?Jk M3  H  XNy`j  Xh  jrXuX[Z
 N`rjjr z MnefI M3 H 6   H <efIKj  Xh  j  `MnN   JNdrMnefMOJN`c
|  XN`r
~ ZRMOjp{r
K R  H M H % 

~ M3
 TM T 

~UV
H %
PRJ
efIKj  JN`cfe  XMONescXNdr  Xh  j  dRMON   JN`rMOefMnJN`cMnNdrM  Xefj efI`Xe?efIKjLKIZbcfM  XpRrj  jjcJkKk  jjrJ^
X  jMONAefIKje  XN`cfvj  cfjXNdrAcfZR^^je  M  L`X  escJk M3 H XN`r K
 H = ? MOefI]efIKMocy`X x  JhKN`r z egJ6pnJjcfe
J  rj 
IKM  I2Moccfj  JNdrJ  rj  cfMON  jFegIKj  j4X  jqNKJ-  cfeuJ  rj  efj  ^Acydj  Xh`cfjqefIKjqy`X x  JhKNdr
uMOefI]vXNiM{cfIKMON  K  H M{cXN]jRe  j^4hK^Jk N  egIijcfhKLdj  IdX^MOpOegJNKMoXN  JN`cfe  XMONe  jXrKc
K
H H K
T T ( K
H T K
T H % 

~ } 
IijL`j  efh  y`XefMnJNdc  XN  jcfhKpOe MON  JN  h  XefMnJN`c*uMOegINKJN  rj  jNKj  Xegj^je  M  cIKjN rje
GK
 H 
Moc
NKJN  vXNKMocfIKMON  u)IKjqeJ  
rj  jjc
Jk<k  jjrJ^ XcmcfJ  M{Xefjr2uMOefI M  H XN`r K
 H rjc   MOy`jr
yZ  h`XegMOJN`c
~ z
~
~ }  z X  jefIKj]mNiJN  JNbvjNefMnJN`Xp  XvMnefMnJNdc
pnpefIKj  JN`cfe  XMONbemcMON  pnh`rMnN  efIKjcfhKLdj  I`X^MnpOegJNiM{XN  JN`cfe  XMnNe  J^^6hKegjX^JN  efIKj^ 
cfjpnvjc<)IKj cfhiL`j  ^je  M  XeuefIKM{c)y`X mx  JhKN`r  JN  h  XefMOJNAM{c

~
 K  H T .  % " | 6  H 6 T ( 6 /T 6  H
&
Mj

6 7  a .  % " ~
@M X X a ( M TX M  XT

~~
&


uIij  j M3 H 6   H X N`r M   H MocucfZ^^je  M  z e  X  jpOjcmc.XNdrAe  XN`cfvj  cfj  N2efIKj M  jL  jcfjNemXegMOJN z
Xc MnNefIKjklhKpOpKefIKjJ  Z z egIijcfhiL`j  I`X^MOpnefJNKMoXN  JN`cfe  XMnNe?e  XN`cfp{Xefjc?MONbefJFegIKj  C:pnjMON  .J  rJN
j  h`XefMOJN
" ~
6 M 6 X a X ( 6 6M T 6 6M X % 

~ 
X T&
a

u IiM  I]cfh  jcfesc)egIdXeuefIKj  JRJ  rMON`Xefj   S e 


@M3 cfIiJhKp{r-y`jFM{rjNefMdjrBXcefIKjMONe  MON`cfM  efMn^j
MON efIKj  hdXNbefhK^ efIKjJ  Z
 N X m MOvRMON  Xe
~  z JNKj  XN XrJLieqegIKj2XefegMOeghdrj2egIdXe4efIKj cfLiMnN
 JNKNKj  egMOJNJkcfhiL`j  cfL`X  j  XNy`j  Xh  jrX[uX[Z  
   Iij  JN`cfj  vjr rjN`cfMOeZ  XNy`j
 IiJRcfjN XcefIKjh`cfh`Xp?JNKj6klJ  CpOjMnN 
J  rJN2uX[vjklhKN  egMOJN`XpocD? MOefI XLiL  JL  MoXegj  jcfe  M  efMnJN




fe J2L`JRcfMOegMOvj6k  j  hKjN  ZQ^Jrjc z MOequMOpnp y`jALdJRcfMOegMOvjrj`NiMnefj  Jjvj z JNKj  XN8Xp{cfJL  J  jjr
klh  efIKj  XN`rBJyKemXMnNefIKj^AXcmcfpnjcmc  M  X  j  hdXegMOJN
 3< M   % 
"  6 6    X T 6 6M  T

~
X& 
uMOefI]efIKj  JNdcfj  vjr
MON  (
   
 L`JRcfMOefMnvj  rj`NKMOegj
L  JydXyKMnpOMOeZrjN`cfMOeZ
%


  3< M     3< M' 


~ 

 N^J^jNefhK^ cfL`X  j z efIKjFeJrj  jjcJk?k  jjrJ^  XNy`jFM{cfJpoXefjrBjvjN2^J  j:jLKpOM  MOegpOZ]XN`r


efIKj A Jh  MOj  e  XN`cklJ  ^Jk M3 T@X
; 9  Moc
M  T@XV
 9  % 
 9   T  X  
 9    T   X

f
uIij  j
cfjj z klJ  MnN`cfemXN  j z jUkg ~ efIKjy`XcfMocvj  efJ  cucmXefM{cklZ

fR'
H  H %  H  H %  H  H %  H  H %    H  H % 
XN`r   H Moc6egIKj  J^LKpOj  JN h  Xefj]Jk  H = Iij]LKIZcfM  Xpu^Jrjc  X  j]efIKj2LdJRcfMnefMnvj2XN`r
NKj  XefMnvjIijpOM  MOeZA^Jrjc<IKjpOM  Ibe  JNKjMON]^J^jNbefhK^cfL`X  jMocL`X  X^je  MnjryZ
 
9

 9   a   
 9   a




f | 


 
%
Iij  jXpnMOeZqJk M H T
; 9 
IKM  INKjjr4efJqydjuMO^LdJRcfjr6JNKpnZqJNefIKj
LKIZbcfM  Xpb^Jrjc  M{c j  hKMOvXpOjNbe
efJefIKj  JN`rMOegMOJN
 M3T@X
 9 G % M T@X
(  9 

f
H IiM  Xp  h`XNefhK^EcfemXegjc)MnN^J^jNefhK^ cfL`X  jX  jrjc   MnydjrAyZ     <   G=


ccfesXefjr6MnNAefIKj
ydj  MONKMON Kz j
I`X[vj  JN  jNe  Xefjr4JN  jXp.cfIefj x X  vX  M{XyKpOjc XNdr4efIKMocM{c
 JN`cfMocfegjNeKklJ  cfL`X  jegMO^jcdMnefI h  pOM{rjXNFcfM  N`Xefh  j  e I`XcdydjjNFL`JRcfefhKpoXegjr:yZ.^AXNZ.XhiegIKJ  c
efI`Xe MON  h`XNeghi^  XvMneZ z efIKjcfM  N`Xegh  j Jk cfL`X  jefMn^juMoc?NKJecmX   jrXN`r `h  eghdXegMOJN`c?JkYMOe  XN
J  h  "H j  esXMONKpOZ2klJ  `h  efh`XegMOJN`cFXy`JhieefIKjy`X mx  JhKN`r XeFuIKM  I efIKj^je  M  MocNiJejvjN
rj`NKjr z Mne M{c  XefIKj  hKNiN`Xegh  XpefJ
egIKjMO^L`JRcfj egIKj  jXpnMOeZ  JN`rMnefMnJNdcdJNqegIKj
cfIegj x X  vX  MoXyKpOjc
efJ  jcfe  M  eefIKj  JN  h  XefMOJN`c
efJ  J m jcfL`JN`r"egJ cfL`X  jegMO^jc:uMOefI VJ  jNKefM{XN cfM  N`Xefh  j  e
Mocq^J  jAN`Xefh  XpegJ$cfemX  equMOegI  J^Lipnj vX  MoXyKpnjc6XN`r rj^AXN`r egIKjBuXvjklhKN  efMnJNdXp{cFefJ y`j
IKJpOJ^J  LKIKM  MONegIKj

cfIbefj x X  LdJegjNegMoXpoc2 ~ z 2  kj.cfemX  e<uMOefIAegIij.


cfIegj x X  vX  MoXyKpnj  MOegefjN
Xc   H %    H ( S R H T@X  T@X <MOe  XNqydj  IKj mx jrFegIdXeYL  JvRMorjrefIKjJegIij   JN`cfe  XMnNemcX  jcmXefMoc`jr z
a
}


rjcfLKMOegj S K  H y`jMON   J^LKpOj z efIKj.cfhiL`j  I`X^MOpnefJNKMoXN  JN`cfe  XMnNe


2  j^AXMnN`c  jXpKM k K  H Moc  jXp
IiM{cFcfh  jcfesc:efI`Xe  p{XcmcfM  XpnpOZ2jAcfIKJhKporQMO^L`JRcfj6egIij  JN`rMOegMOJN egI`XeFefIKj]cfhKLdj  ^je  M 
m~
 j^AXMnN`c  jXp rjcfLiMnefj
egIKj  J^LKpOj
cfIegj x X  L`JefjNegMoXp{cXNdrMnNBegIKj  h`XNefhK^ efIKjJ  Z z rj^AXN`r
efI`Xe X[klefj  Xh  j  `MnN Kz efIKj
VYXLKpoX  M{XN6JL`j  XefJ  MON4IZRLdj  y`JpOM  cfhKLdj  cfL`X  j ydj
IKj  ^MOefM{XNqMnefI
 jcfL`j  euefJXcfhKMOemXyKpnj:^jXcfh  jXN`rBMONKNKj  L  Jbrh  e
? j4j^LKI`XcfMOjqegI`Xe:egIKjmhKN  JNvjNbefMOJN`Xp y`X x  JhKNdrM{c:MnNdX  jcmcfMOyKpnjFefJ  JNvjNegMOJN`Xp
Ldj  efh  y`XefMOJNXN`XpOZbcfjc uMOegIefIKj.  vX  M{XyKpOjc<XN`r  XNiNKJe<ydjuLdj  efh  y`XefMOvjpOZ  jpoXefjr6efJefIKj
Xe?y`X x  JhKN`r )IKMocYIiM  IKpOZMONegj  jcfegMON  pnMO^Mne?JkKegIijegIKjJ  ZFM{c L  j  MocfjpOZefIKjj  J  ^J^jNeghK^
pOMn^MOeJk  h`XNeghK^  XvMneZ2uMOegI
cfIefj x X  vX  M{Xyipnjc X  MnJh`cMnNefj  jcfefMnN   hKjcfegMOJN`cqcfh  IXc
efIKjqL`j  efh  y`XefMnvj  jNKJ  ^AXpnMOXyKMOpneZ
J  NKJN   jNKJ  ^AXpOMXyKMnpOMOeZ  Jk efIKj4efIKjJ  Z XydJhKeegIKMoc
hKN 
 JNvjNefMnJNdXp ydX mx  JhiN`r z egIijLiIbZcfM  Xp?MO^LipnM  XegMOJN`c
Jk.cfLKMON$XN`r  IKM  Xp  h`XNefhK^ cfemXegjcFJk
 X[vRMOeZ z efIKj
MnN `hKjN  juJk?^-Xefefj  djP porKc JNAefIKjcfemXyKMnpOMOeZqJk efIKj
egIijJ  Z z XN`refIKj
MnNe  M  hiMnN F JpOj
Jk  JN  h  XefMOJN`c?uMOefIvXNKM{cfIiMnN  S MONefIKjrZN`X^M  c JkYegIKjklhKpOpKefIKjJ  Z4MO^^jrMoXefjpOZ  J^j.efJ
^MnNdr z XNdr]X  jydjMnN  cfefh`rMOjr ?jFIKJLdjefJXrir  jcmcegIKjcfjFM{cmcfhijcMON2Xqklhiegh  j  jLdJ  e


Iij  j cfjX   I6klJ  efIKMocJ  x MocucfhKLKLdJ  efjr6MONAL`X  eyZ4efIKj  F hKN`rj 


A  | }  F.NijuJkh`c
HuP  X x NKJupOjr  jcYefIKjcfhKLKLdJ  ?e Jk XqHhKNKNKMON



 XNe\JK
fB: <
 I`X^ A jpOpOJ
cfIKMnL

 
  F  KN JuMOege z P`  jcfj  XN`rH.  M{cfNKj z MON

 
 
       
 
     
   
 z jr V 3? MOegefjN
?MnpOjZ z \j<J  x z  ~ |  K IZbc<jv`  z  J
s ~
| D  jNKNijXhi z   MOpoXegM`XNdrAH
R jMnefjpnydJMn^ z  IZbc?Vjefe z  | 
m  |  -  MOp{XefM z
 IbZc<jvd "!# z | ~ } )
m  |   MOyKM{r$%!'& z  |
m 
 'qw dP`  j?Mnefe z  IZbc<jv`( )# z 
s ~ 
}  FK
cfIbefj x X z  IZbc<jv`Vjege+ *  z ||}}
s ~
 ' FK
cfIbefj x X z  IZbc<jv`, .-# z 
s  
 ~' FK
cfIbefj x X z MO0
N /  21  3 
    2
 



  
w MOyKpOMnJLdJpnMoc z \
XLKpOjc z  
 2 F
cfIegj x X z 4 
    
5/ 
 63  
  7
 

8


   z
rvXN  jrPj  MOjcqMON

cfe  JLiIbZcfM  cXN`r H JRcf^JpnJ  Z  Jp ~


? J  porP  MnjNefM  z PRMON  XLdJ  j z   '
 ' C6-Ch  I`X z 
 

 9 
   :

   zK R[  }  |
 ' V< \*H I`XN  XN`r H.  ?PJRJ <z ;    >=
     ?   A@ ?B   C ; D3 
 ; 

E3    z IKjL  egI  | ~ z  
< |   H
 YPJRJ z    

 F9 
  

  
  G   A@ %B    4  IY  dIKjcfMoc z  TPbt
m  |  z 
< | m
 ' q w
MnyKydJN`cXN`r"P`3?  X x MON Kz  IbZc<jvd 0'* z |  |
m  
 q  Xh  XN`r  JefegJpoX z \h  p  IZbc, H-IJ z D
m    LK w j  N z P` C6 w p{Xh]XNdr
 JefefJp{X z  IZbc<jv` MI- z  |  |
m  ' d  Xh z  IZbc<Vjefe !'#L! z } 
m  '
  | F `\F  MOy`Jv z \h  p  IZbcN O)- P z 
m  d  dPRMON  j z H J^^2  XefIY  IZbc, #  z 

m 
 'R
N S
       

   jrKcFH
  j?MnefeXN`r Q F ? IijjpOj 
?
 Q dF ?IKjjpnj z MnF
<J  x z ^Acfegj  rKX^ z  ~
w jN X^MnN  N  z \jT
  }   Q X  Jy`cfJN]XN`rV<PR^JpnMON z \h  p  IbZcU V!PP z | 
m 
 'R
M- z  } 
s    \F?H
ucmX^M{c
XN`rF 
 Q V A  MOjr^-XNQXNdr  Q X x z  IZbcFujvdH
? JRJrKX  r z  IZbcjvd M- # z ~ } 
m  
 ~' FK
cfIbefj x X z H
KJvjpOpnMXN`rV<P^JpOMON z  IZbc<jv`, .II z  } J
s  '
 2q 3? MOegefjN z HJ^^2  XegIY  IZbc '!L z D
m  

~

Вам также может понравиться