ࡱ> }vwxyz{|{"|bjbjzz4.j j 8/L{t V.qp<<<rUtUtUtUtUtUtU$9WYNU-.=4<.=.=UU|M|M|M.=rU|M.=rU|M|MhSXUХ?R T(^UU0 VT(9Z6IN9ZPUU&9Z6U(<<|M< <~<<<UUJ<<< V.=.=.=.=9Z<<<<<<<<<j ? :" 0?04=K9 0>. CBL 8=B53@0F88. =CE8489 C<:0 2B>@ >B405B A515 >BG5B, GB> A >?@545;5==KE B>G5: 7@5=8O 2A5 =86587;>65==>5 O2;O5BAO ?>;=59H59 0E8=559. 2001 3. 5>6840==K9 2878B K; ?@8OB=K9 25G5@. @8?>4=OB>5 =0AB@>5=85 >15A?5G8;0 C<5@5==0O 4>70 :>=LO:0. 284C >BACBAB28O 2 :20@B8@5 4@C38E 682KE 4CH (70 8A:;NG5=85< :>B0 8 @54:8E B0@0:0=>2) ?@8H;>AL ?@82KG=> ?>3@C78BLAO 2> 2=CB@5==NN 48A:CAA8N ?> :0:><C-B> 8=B5@5A>202H5<C <5=O 2 B> 2@5<O 2>?@>AC. ! B>G:8 7@5=8O ?A8E8G5A:8 74>@>2>3> G5;>25:0 40==>5 70=OB85 O2;O5BAO ?@54>AC48B5;L=K< ?> =5A:>;L:8< A>>1@065=8O<. >-?5@2KE, A?>@8BL <>3CB =5A:>;L:> G5;>25:, => =8:0: =5 >48=.  :@09=5< A;CG05, MB> 4>?CAB8<> 4;O <5O >@K=KG0. 0 8 5<C A?>@8BL A;>6=>, B0: :0: 2A5 B@8 3>;>2K 8<5NB >4=C ;8G=>AB=CN 8AB>@8N 8 AE>4=K9 >?KB, 8 A?>@ <>65B @073>@5BLAO B>;L:> 87 2@54=>AB8 8;8 ?> ?LO=:5. >-2B>@KE, 5A;8 4065 ?@54?>;>68BL, GB> 2 >4=>9 G5;>25G5A:>9 3>;>25 5ABL @07=K5 <=5=8O, 2A5340 <>6=> ?@54;>68BL 2=CB@5==5<C >??>=5=BC 70B:=CBLAO, 8 >= >1O70B5;L=> ?>A;CH05BAO. 54L >=  MB> =5 O (E>7O8= B5;0) 8 1C78BL =5 8<55B ?@020. -B@5BL8E, A?>@8BL A A0<8< A>1>9 =5?@>4C:B82=>, B0: :0: =5:><C 2 A;CG05 G53> =0?>44020BL. ?@>G5<, 25@=5<AO 2 B>B GC45A=K9 25G5@. / A 2O;K< 8=B5@5A>< A;548; 70 48A:CAA859, ?>:0 >=0 2=570?=> =5 7025@H8;0AL =5:8< ?0@04>:A><, 70AB0282H8< 70<>;G0BL >??>=8@CNI85 AB>@>=K. 0: A0<K9 C<=K9, O ;8G=> ?>?KB0;AO @07@5H8BL >1@07>202H55AO ?@>B82>@5G85. A5 ?>?KB:8 @0A:8=CBL <>730<8 ?@825;8 : AB@0==><C C15645=8N, GB> MB> =5 <>O DC=:F8O. 5 CA?5; O ?>;=>ABLN >F5=8BL 70102=>ABL ?>A;54=53> >ICI5=8O, :0: CA;KH0; 20;LO6=K9 3>;>A:   GB>, MB> 4;O B51O =>2>ABL? . @>72CG02H85 A;>20 ?> A2>5<C B5<1@C 8 4>1@>4CH=>- =0A<5H;82><C 2K@065=8N @078B5;L=> >B;8G0;8AL >B 72CG02H8E 2 ?@54H5AB2CNI59 48A:CAA88.  3>, 40 C =0A 3>ABL!  >B@5038@>20;> C <5=O 2 3>;>25. 59AB28B5;L=>, MB>B 3>;>A ?@>72CG0; 2?5@2K5. !;54C5B ?>OA=8BL, GB> 3>;>A0 >1KG=KE CG0AB=8:>2 <>53> 2=CB@5==53> 480;>30 (...) =5 @07;8G0NBAO ?> B5<1@C 8 8<5NB :0: 1K >48= >72CG820NI89 8E 8AB>G=8:. =8 ;8HL >B;8G0NBAO ?> B5<?C ?@>87=5A5=8O A;>2 8 8=48284C0;L=K<8 A<KA;>2K<8 =N0=A0<8. %>BL MB> 8 :065BAO 15AA<KA;5==K<, 8E <>6=> >E0@0:B5@87>20BL :0:  157<>;2=K5 . > A8E ?>@ O =5 ?>B@C48;AO 8E ?5@5AG8B0BL 8;8 E>BL :0:-B> 48DD5@5=F8@>20BL. %>BO >1KG=KE 3>;>A>2 1>;LH5 42CE, > =8E ?@8=OB> 3>2>@8BL, :0: > 2=CB@5==5< 480;>35. >;>A 3>ABO 1K; 682>9 8 =0 <>59 ?0<OB8 ?@>72CG0; 2?5@2K5. @><5 B>3>, >1KG=K5 CG0AB=8:8 2=CB@5==53> 480;>30 2>A?@>872>48;8 0A?5:BK C65 7=0:><>9 8=D>@<0F88 8 @54:> 2K4020;8 GB>-=81C4L =5>1KG=>5, 8<5NI55 =5A:>;L:> A<KA;>2KE A;>52. 0: 2?>A;54AB288 >:070;>AL, 8=D>@<0F8O, ?>ABC?02H0OAO >B 3>ABO, =>A8;0 ?@O<> ?@>B82>?>;>6=K9 E0@0:B5@. 0;55 3>;>A 3>ABO O 1C4C A>:@0I5==> >1>7=0G0BL, :0: .., GB> 65;0NI85 <>3CB @0AH8D@>2K20BL 8 :0: 3>;>A>2CN 30;;NF8=0F8N. !;54C5B ?><=8BL, GB> O (B> 5ABL <K) =0E>48;AO 2 ?@8?>4=OB>< =0AB@>5=88. >MB><C ?>O2;5=85 =>2>3> A>15A54=8:0 1>;LH8=AB2>< CG0AB=8:>2 1K;> 2>A?@8=OB> A M=BC7807<><. 0;L=59H55 >1I5=85 2K3;O45;> ?@81;878B5;L=> B0:. ...1: ""K :B>?" ...2: ">=L 2 ?0;LB>!" ..: " / C60A, ;5BOI89 =0 :@K;LOE =>G8!" >;CG82 >B?>@ 8 A;53:0 >@>152, 3>;>A0 2=CB@5==53> 480;>30 >1J548=8;8AL 8 40;55 4@C3 4@C30 =5 ?5@51820;8. ...: " K ?@8H;K9 4CE?"  256;82>5 <>;G0=85. ...: " K >48= 87 =0A?"  256;82>5 <>;G0=85. ...: " B> 2K?" ..: " -B> =5 206=>". ...: " 0: 20A 7>2CB?" ..: " / A>3;0A5= A> 720=85< 3>ABO". "CB O ?>=O;, GB> ?@8H;8 ;8G=> :> <=5, 8 2KH5; 87 >F5?5=5=8O. /: " >1@K9 25G5@. 'B> 2K E>B5;8 A:070BL A2>59 ?5@2>9 D@07>9?" 0:8< B> >1@07>< >ABL @0AH8@8; <>5 A>7=0=85, 8 O ?>=O; =0?@02;5=85 53> <KA;8, CA2>8; ?@>1;5<0B8:C 2>?@>A0 8 BCB 65 =0H5; 8A:><K5 >B25BK. !C1J5:B82=> MB> =5 70=O;> <=>3> 2@5<5=8, 2>A?@8=8<05<0O 8=D>@<0F8O =8:>8< >1@07>< =5 2ABC?0;0 2 ?@>B82>@5G85 A 8<5NI8<8AO C <5=O 7=0=85<, C15645=8O<8 8 >?KB><. @>AB> 87 ?0<OB8 2A?;K;8 E@0=OI85AO 40==K5 8 >1J548=8;8AL 2 =5>A?>@8<K9 :><?;5:A ?>=8<0=8O. >?@>1CN 87;>68BL =525@10;L=CN 8=D>@<0F8N >1:@04K20NI8<8 55 <=>3><5@=K9 A<KA; A;>20<8. 0?><=N, GB> >ABL ?>O28;AO 2 B>B <><5=B, :>340 1K;0 ?@54?@8=OB0 157CA?5H=0O ?>?KB:0 ?>78F8>=8@>20BL A51O :0: CG0AB=8:0 2=CB@5==53> 480;>30. :070;>AL, GB> ;8G=>ABL 8<55B <=>3>A;>9=CN AB@C:BC@C, @0A?>;>65==CN 2 <=>3><5@=>< ?@>AB@0=AB25. =CB@5==89 <8@ 8<55B ;>:0;L=K5 B5@@8B>@88, 345 548=0O, 2 ?@8=F8?5, ;8G=>ABL, 8<55B G0AB=K5 ?@>5:F88 (AC1;8G=>AB8). !0<>5 70<5G0B5;L=>5, GB> MB8 AC1;8G=>AB8 <>3CB 1KBL ?@>AB> B@0=AD>@<8@C5<K (@0728BK) 2 =C6=>< =0?@02;5=88, 5A;8 87<5=8BL :>=D83C@0F8N ;>:0;L=>9 B5@@8B>@88 2 A>>B25BAB288 A F5;O<8 8 7040G0<8, :>B>@K5 >=8 ?@8720=K @50;87>2K20BL. =CB@5==89 480;>3  MB> 25AL<0 =5MDD5:B82=K9 A?>A>1 A>3;0A>20=8O A>2<5AB=>3> DC=:F8>=8@>20=8O =081>;55 @0728BKE ?@>5:F89 ;8G=>AB8 A F5;LN 2K@01>B:8 ?@8>@8B5B>2 40;L=59H8E 459AB289. =CB@5==89 480;>3 8AG5705B 2 B5 <><5=BK, :>340 ?@8>@8B5B 459AB28O CAB0=>2;5= 8 CA?5H=> DC=:F8>=8@C5B >4=0 AC1;8G=>ABL. !>1AB25==> @5D;5:A8@CNI55 /  MB> F5=B@ :>=A>;840F88 42CE 8 1>;55 ?@>5:F89 ;8G=>AB8 ?@8 8E A>2<5AB=>< DC=:F8>=8@>20=88. 3> @>;L 1KBL =57028A8<K< 25@E>2=K< 0@18B@><, >F5=820NI8< 8E 0@3C<5=BK 8 459AB28O.  A8;C MB>3> / =5 <>65B ?@>O2;OBL 8=8F80B82K 8 ?@54;030BL 20@80=BK @5H5=89.  A8BC0F88 @CB8==KE 459AB289, :>340 ;8G=>ABL ?@58<CI5AB25==> =0E>48BAO 2 >4=>9 ?@>5:F88, F5=B@ :>=A>;840F88 >BACBAB2C5B (=5 DC=:F8>=8@C5B). @8ACBAB285 / A>>B25BAB2C5B <><5=B0< G0AB8G=>9 8=B53@0F88 ;8G=>AB8. I5 @07 ?>2B>@N, GB> MB> ;8HL =5:>B>@K5 0A?5:BK >B25B>2, AD>@<8@>202H8EAO C <5=O 1;03>40@O >ABN. 5A540 A =8< ?@>4>;60;0AL 2 B>< 65 :;NG5. = 1K; =5<=>3>A;>25=, >1I5=85 A =8< 4>AB02;O;> 1>;LH>5 C4>2>;LAB285. 0 <>8 ?@O<>;8=59=K5 2>?@>AK, 2 B>< G8A;5 > =5< ;8G=>, >= >B25G0; 1;03>65;0B5;L=K< <>;G0=85<. >765 C <5=O 2>7=8:;0 0=0;>38O A 25;8:8< <>;G0=85< C44K ?> ?>2>4C 2>?@>A>2, =5206=KE A 53> B>G:8 7@5=8O. A>15==> >E>B=> >ABL @5038@>20; =0 2>?@>AK ?> ?>2>4C <>53> 2=CB@5==53> <8@0. 3> 8=D>@<0F8O 1K;0 2 <8=8<0;L=>9 AB5?5=8 25@10;L=0. @54JO2;O;AO =5:89 1;>:, ;8HL 2 <0;>9 AB5?5=8 A>AB>OI89 8E A;>2 8 >1@07>2. = @072>@0G820;AO 8 >ICI0;AO :0: >A2>5==>5 7=0=85, 2 =5< >B25BK ?@54H5AB2>20;8 2>?@>A0<. 5>1KG=>ABL A8BC0F88 2K720;> C <5=O 87<5=5==>5 A>AB>O=85 A>7=0=8O, >AB0282H55 2 ?0<OB8 B>;L:> A0<> A>1KB85 8 53> >A=>2=CN :0=2C. !C1J5:B82=> 15A540 :070;0AL >4=>2@5<5==> 8 4>;3>9 8 :>@>B:>9. '0ABL ?>;CG5==>9 8 1;03>?>;CG=> 701KB>9 8=D>@<0F88 AB0;0 2A?;K20BL G5@57 =5:>B>@>5 2@5<O. =0 <0@:8@>20;0AL 2> 2=CB@5==5< 480;>35: " -B> 3>2>@8; 3>ABL", 8 O 2A?><8=0;, GB> MB> B0:. ?>A;54AB288 >ABL ?>O2;O;AO 5I5 =5A:>;L:> @07. 0@>G=> 2K720BL 53> <=5 =5 C405BAO, => 2 53> ?>O2;5=88 5ABL =5:>B>@K5 70:>=><5@=>AB8, > :>B>@KE O C<>;GC. 4=8< 87 @57C;LB0B>2 53> ?>A5I5=89 AB0;0 <>O @01>B0 " !B@0B5388 :><<C=8:0F88". 0: >:070;>AL, >=0 1K;0 B>;L:> ?@>;>3>< : 40==>9 B5<5. !;>6=>ABL 2KG;5=5=8O 8=D>@<0F88, ?>;CG5==>9 >B 3>ABO, 70:;NG05BAO 2 B><, GB> >=0 @072>@0G820;0AL =0 1075 8<52H8EAO C <5=O 7=0=89. 0: 3>2>@8BAO, : ?CAB><C <5ABC =8G53> =5 ?@8;8?=5B. @C38<8 A;>20<8, E@0=8<K5 2 <>59 ?0<OB8 ?>=OB8O 8 >1@07K ?>A;C68;8 AB@>8B5;L=K< <0B5@80;>< @0725@=CB>9 <=>3><5@=>9 :>=AB@C:F88, "?@>O28;8" 55 "=52848<K5" G0AB8. ! B5G5=85< 2@5<5=8 G8A;> "2848<KE" M;5<5=B>2 548=>3> :><?;5:A0 7=0=89 B>;L:> 2>7@0AB05B. >ABO =8:>8< >1@07>< =5 8=B5@5A>20;> B>, GB> ?@>8AE>48B 70 ?@545;0<8 2=CB@5==53> <8@0. "0: GB> =8 70?@5I5=8O, =8 ?>1C645=8O >1=0@>4>20BL 40==K9 <0B5@80; O >B =53> =5 ?>;CG0;. >7<>6=>, 2=8<0B5;L=K9 G8B0B5;L A<>65B >?@545;8BL, 345 7=0=8O ., 0 345 <>O >BA51OB8=0. 7<5=5==>5 A>AB>O=85 A>7=0=8O, 2K720==>5 ?@8ACBAB285< >ABO, 1K;> 70<5G0B5;L=> B5<, GB> >4=><><5=B=> CA20820;AO <=>3><5@=K9 1;>: 8=D>@<0F88 157 CG0AB8O ?>A;54>20B5;L=>3> ;>38G5A:>3> <KH;5=8O, A;>2 8 >1@07>2. @54JO2;O5<K5 A2545=8O AB028;8AL 2 A>>B25BAB285 A D@03<5=B0<8 C65 8<52H8EAO 7=0=89 8 A>G5B0;8 8E =5:>8< >:>=G0B5;L=K< >1@07><, =5 B@51CNI8< :0:8E ;81> 4>:070B5;LAB2 8 ?>OA=5=89. 0: O >A>7=0; ?>B><, G0ABL 8=D>@<0F88 2 MB>< ?@>F5AA5 ?@>AB> B5@O5BAO, =5 =0E>4O 045:20B=>3> 0=0;>30 2 ?0<OB8 8 2 ?>=OB89=>< @O4C, 0 G0ABL 2K?0405B 2 ">A04>:", ?>@>640O C <5=O 2>?@>AK. 5@2K< 87 =8E 1K; B0:>9: " GB> / (3;02=K9 2 A2>59 ;8G=>AB8) ACI5AB2CN B>;L:> ?5@8>40<8?" ..: "0". /: "  ?>G5<C O >1 MB>< =5 7=0;?" ..: " 0: BK <>65HL 7=0BL, GB> B51O =5B, B>340, :>340 B51O =5B?"  ?>4B25@645=85 2A?;K;8 >G5284=K5 ?@8<5@K: 3;C1>:89 A>= 8 A>= A> A=>2845=8O<8, 20@80=BK <>53> ?>2545=8O, > :>B>@KE O ?>B>< A>60;5;, A8;L=>5 0;:>3>;L=>5 >?LO=5=85. !B>?. > O 65 >1 MB>< ?><=N! =0G8B, O B0< 1K;. ..: ""K >1 MB>< ?><=8HL, ?>B><C GB> MB8 A>1KB8O ?>765 >1AC640;8AL :>=D;8:BCNI8<8 ?@>5:F8O<8, 8 BK 1K; 8<8 2>AB@51>20= 2 :0G5AB25 B@5B59A:>3> AC4L8". /: "  O 8<5N 4>ABC? : ?0<OB8?" ..: " "K  >1;0ABL :>=A>;840F88 ?@>5:F89, 0 >=8 8<5NB G0AB8G=K9 4>ABC?". 848<> <>8< AC1;8G=>ABO< AB0;> 70 <5=O >184=>, 8 2>7=8: 2>?@>A: "'B> =C6=> A45;0BL, GB>1K "/" 1K; 2A5340?" B25B 3>ABO 1K; >4=>7=0G=K<: " =B53@8@C9AO". 0 MB8< AB>O; =>2K9 1;>: 8=D>@<0F88. "/" 5ABL, :>340 5ABL M<>F88. =8  ?@>4C:B >F5=:8 8;8 ?@>3=>70 >4=>2@5<5==> 459AB2CNI8E AC1;8G=>AB59. !8;L=K5 =530B82=K5 GC2AB20  MB> C65 2>9=0 ?@>5:F89 =0 2708<=>5 C=8GB>65=85.  ?@545;L=KE A;CG0OE 2>7<>6=K 420 20@80=B0. 81> AC8F84, ;81> ?>;=>5 70125=85 D0:B0 2>7=8:=>25=8O B0:>9 A8BC0F88. >=D;8:BK ?@>5:F89 >1CA;>2;5=K AB@C:BC@>9 2=CB@5==53> <8@0 ;8G=>AB8, >B;8G8O<8 B5E 53> ;>:0;L=KE >1J5<>2, 2 :>B>@KE >=8 1K;8 A>740=K 8 2K=C645=K DC=:F8>=8@>20BL. #=8D8F8@>202 2=CB@5==55 ?@>AB@0=AB2>, BK C@02=O5HL CA;>28O 8E ACI5AB2>20=8O. ">340 87 F5=B@0 0@18B@060 "/" ?@52@0B8BAO 2 F5=B@ :>=A>;840F88 2>7<>6=>AB59 8 @5AC@A>2. =B53@8@>20==0O ;8G=>ABL A2>1>4=0 2 2K1>@5 459AB289 2 ;N1>9 A8BC0F88 8 ?>;=>ABLN ?@8=8<05B =0 A51O >B25BAB25==>ABL 70 ?@>8AE>4OI85 A =59 A>1KB8O. =0  E>7O8= 2=CB@5==53> <8@0 8 A?>A>1=0 A =8< 45;0BL 2A5, GB> 59 C3>4=>. >;>A0 2=CB@5==53> 480;>30 A=>20 >1845;8AL 8 AD>@<C;8@>20;8 2>?@>A: " B0: C6 ?;>E =0H 2=CB@5==89 <8@?" - ..: " !E>48 8 ?>3;O48". >ABL =5 B>, GB>1K ?>A;0;, >= ?@>AB> ?>72>;8;.  3>;>25 @20=C; 1;>: 8=D>@<0F88 8 MDD5:B=> @0725@=C;AO. / >4=>2@5<5==> ?>1K20; 2 =5A:>;L:8E <5AB0E 8 2A5 ?>=O;. >?@>1CN MB> 682>?8A0BL C1>38<8 <5B0D>@0<8. B> 83@0; 2 DOOM, 2A?><=8B5, :0: MB> 1K;> 2 ?5@2K9 @07. "5<=K5 ;018@8=BK 70:>C;:>2, ?>AB>O==>5 =0?@O65=85, 4065 AB@0E. G5=L <=>3> ?><5I5=89, :064>5 87 =8E 8<55B A2>N D>@<C 8, 4065, @07<5@=>ABL. 45-B> =5@2=>, 345-B> ?@>B82=>, 345-B> 70=C4=>. "5<=K9 70; A 1>;LH8< M:@0=><. 0 =5< :>;LF>< 845B ?@>H;>5, =0AB>OI55 8 1C4CI55. 48=0:>2K5 A8BC0F88, >4=8 8 B5 65 459AB28O. ICI5=8O ?>:@KBK ?;5A5=LN. / MB> 286C :064K9 45=L, => <5=O 745AL :0: 1K =5B. 5A:>=5G=K9 "5=L AC@:0". CAB>5 <=>3>;N4AB2>. 5?5@56>2K205<0O 620G:0. @C3>9 M:@0=, 4@C385 459AB28O, M<>F88 B5 65. -:@0=K <=>60BAO, 2A5  :0: 2A5340, 2A5  157 <5=O. !:>;L:> 65 20A, @51OB0? / @07<=>60NAL, :0: B0@0:0=K. =>340 M:@0=K =05760NB 4@C3 =0 4@C30, =0G8=05BAO A20@0. / MB> ?><=N, MB> 1K;> ?@8 <=5. !7048 <5=O BC<0=, ;8?:89 BC<0= 70125=8O. 0 =8< 5;5 A25BOBAO 4@C385 M:@0=K. 5=O =5<=>3> 745AL, =5<=>3> B0<. 5=O >G5=L <0;>. ICI0N A51O 42C<5@=K<, :0: D>B>3@0D8O. >2K9 70; A ?5@5<5==>9 @07<5@=>ABLN. !:;04 7=0=89, ?K;L=0O 181;8>B5:0 701KBKE :=83, B5<=K5 C3;K =52565AB20. 8@?8G=K5 AB5=K C15645=89. 740;8  3>B8:0, 21;878  ?>;=K9 A@0<. 0?0E8 D0=0B87<0, 4C@8 8 D0=015@88. 8ONI85 4K@K 8 @07;><K, E>BO 5ABL 8 =54C@=K5 :><?>78F88. A>15==> 70102=K C15645=8O ?> ?>2>4C A51O ;N18<>3>. @5H5=, ;N1;N AN@. %>;;, 2 =53> 2KE>4OB =5A:>;L:> 425@59. 0 :064>9  0?0@B0<5=BK. E ?;0=8@>2:8 >B;8G0NBAO, :0: E0@0:B5@K 8E E>7O52.  E>;;5  AC459A:>5 :@5A;>, B@81C=0, 10@ 8 ;>1=>5 <5AB>.  GB>, CNB=>. %@0<. >;=0O M:;5:B8:0. @5>1;040NB 2>AB>G=K5 <>B82K, => 2A5 1>38 ?@54AB02;5=K. 8:>3> =5 >1845;. %;0< AC525@89. !25B8BAO =35;  %@0=8B5;L. @825B, @54:> 2AB@5G05<AO. B25@AB85 2 ?>;C. >=OB=>, BC40 :0:-=81C4L 2 A;54CNI89 @07. / BCB =0 M:A:C@A88 8 157>@C65=. B:@K20N 425@L. 0@: D878>;>388. 4=><5@5=. 7<5@5=85 =07K205BAO "E>GC". "CB 2A5 A;02=> 8 ?@>AB>: BC40 E>GC, AN40 =5 E>GC. 5AB=K5 ?@>1;5<K ?@>ABK 8 0:BC0;L=K. ;8==K9 :>@84>@. 5B, MB> 2>:70; 4>@>38 ?> 8<5=8 ?0<OBL. 0306=>5 >B45;5=85 7018B> ?>4 702O7:C. @C7 >B25BAB25==>AB8, BO65;K5 >B=>H5=8O, =04>52H85 >1O70==>AB8, C:>@K A>25AB8. N@> =0E>4>:. "CB =5G0O==0O @04>ABL, @07=>>1@07=K5 C40G8, 701KBK5 4@C7LO, ;8F0 87 45BAB20. -B> C65 70 >:=0<8 ;5BOI53> 203>=0  30;5@5O 701KBKE ;8F 8 A>1KB89. 0: <=>3> O 701K;, :0: <=>3> O <>3C 2A?><=8BL. > 2A5 >:=> 2>7=8:05B =04?8AL: ""K E>7O8= A2>53> <8@0". @8E>6C 2 A51O 8 ?>=8<0N, GB> >ABO C65 =5B. > >= >AB028; >B25B =0 5I5 =57040==K9 2>?@>A: " ! G53> =0G0BL 8=B53@0F8N?"  " ! @5AC@A>2". / CAB0; 8 ;53 A?0BL. 0 A;54CNI89 45=L 2878B >ABO 2A?><8=0;AO :0: A<CB=>5 A>1KB85, 2A5-B0:8 8<52H55 <5AB>. >?KB:8 2>AAB0=>28BL :0=2C ?@>8AH5AB28O =8 : G5<C =5 ?@825;8, :0: 8 AB0@0=8O 2K720BL MB>B 3>;>A 2=>2L. @8:;NG5=85 1K;> >B=5A5=> : ?>A;54AB28O< 459AB28O :>=LO:0 8 53> >B<5==K< :0G5AB20<. 4=0:> ?>A;54CNI85 ?@8=OB8O GC45A=>3> =0?8B:0 ?>78B82=KE @57C;LB0B>2 =5 ?@8=5A;8. 'CBL ?>765 O ?5@5G8BK20; "0>45F78=", B>G=55 2>;L=>5 ?5@5;>65=85 :=838 0>-&7K. ;02=0O :0B53>@8O MB>3> <8;>3> CG5=8O 0> (?CBL) =54>ABC?=0 GC2AB25==><C 2>A?@8OB8N. ">, GB> <>6=> CA;KH0BL, C2845BL, >ICB8BL 8 ?>=OBL  MB> =5 0>. 040G0 G5;>25:0  ?>7=0BL 0>, 2AB0BL =0 ?CBL 5AB5AB25==>AB8, A45;0BL <8@ 30@<>=8G=K<. A5 2=5H=55 8 GC2AB25==>5 >1<0=G82> 8 ?@5E>4OI5. AB8=C A;54C5B ?>7=020BL A>75@F0=85<, =5 ?@81530O : ;>38G5A:><C 0=0;87C D0:B>2. 06=59H8< ?@8=F8?>< A;54>20=8O 0> O2;O5BAO "=545;0=85", 2A5 4>;6=> @072820BLAO 5AB5AB25==>, A0<> A>1>9. > 0AA>F80F88 87 ?0<OB8 2A?;K;> "=545;0=85" 0AB0=54K, 0=0;>388 <564C CG5=8O<8 4>=0 %C0=0, 0>-&7K 8 C44K. 064K9 87 =8E 8<5; A2>9 ?CBL : 4>AB865=8N 4CE>2=>3> A>25@H5=AB20. > C =8E 1K; >1I89 B578A: ";02=>5 2=CB@8, 0 =5 A=0@C68".  :0:>9 65 <>9 ?CBL, <>9 0>?  >B25B 2 3>;>25 OA=> ?@>72CG0;>: "0?04=K9 0>. CBL 8=B53@0F88", B0: A:070; >ABL. "0: O =0G0; 2A?><8=0BL. 5@2>9 2A?><=8;0AL <038G5A:0O D@070: " "K E>7O8= A2>53> 2=CB@5==53> <8@0". B0:, 2 <>5< @0A?>@O65=88 F5;K9 <8@, 8 O 2>;5= A =8< 45;0BL GB> C3>4=>. '5AB=> 3>2>@O, 45;0BL =8G53> =5 E>B5;>AL. 0A 8 BCB =5?;>E> :>@<OB. 1KG=> MB0 A810@8BA:0O AC1;8G=>ABL ?>156405B, 8 O A =59 2A5340 1K20; A>3;0A5=. > BCB 2715;5=8;AO 55 >??>=5=B, ;N18B5;L ?@8:;NG5=89 8 M7>B5@8:8, MB> ?> 53> ?@8E>B8 O ;8AB0; 7=0:><CN :=86:C. / BCB 65 ?@8=O; 53> AB>@>=C 8 A 8=B5@5A>< A?@>A8;: " ! G53> =0G=5<?". ! @5AC@A>2, I5;:=C;> 2 3>;>25. 0==>5 ?>=OB85 2K720;> 87 ?0<OB8 1;>: <>8E A>1AB25==KE 7=0=89. 5AC@A=>5 A>AB>O=85  >A=>2>?>;030NI55 ?>=OB85 70?04=KE B5E=>;>389, >17K205<KE 011@5280BC@>9  (=59@>;8=328AB8G5A:>5 ?@>3@0<<8@>20=85). 0?04=>5 =0?@02;5=85 <>53> ?CB8 ?>;CG8;> A2>5 >1>A=>20=85. 0?><=N, GB> @5AC@A=K< =07K20NB B0:>5 A>AB>O=85 G5;>25:0, :>340 C =53> 2A5 ?>;CG05BAO. 5AC@AK <>6=> =0:0G820BL, CA8;820O >ICI5=85 E>7O8=0 A8BC0F88. -B> B>, GB> <=5 =04>. >4>1=K5 A>AB>O=8O <=5 7=0:><K, 8E =C6=> 2A?><=8BL 8 >1J548=8BL (8=B53@8@>20BL). "CB 65 2A?><=8;0AL ?0@0  B@>9:0 A;CG052 87 687=8. KAB@5=L:> AB028< =0 MB8 >ICI5=8O O:>@L. 0;>20B>. C6=> 27OBL ?@8<5@K 87 GC6>9 ?@0:B8:8. "CB =5 >1O70B5;L=> 2A?><8=0BL @50;L=KE ;N459, <>6=> 8A?>;L7>20BL 8 2?5G0B;ONI85 EC4>65AB25==K5 >1@07K. E>6C 2 >ICI5=8O (20@F5=5335@0 8 65<A0 >=40. @8A>548=ON. 0;>20B>. C6=K 2>;H51=8:8. 0 2>B 65 >=8: C440, 4>=K %C0= 8 %5=0@>, 0>-&7K. -B> C65 :@CG5. 'B> >1I53> C =8E 2 @5AC@A=>< A>AB>O=88? =0=85 ?@028;L=>3> ?CB8 8 A@54AB2 : 4>AB865=8N F5;59, 2=CB@5==OO A2>1>40 8 =5A?5H=>ABL (2?5@548 25G=>ABL), ?>:@>28B5;LAB25==>5 >B=>H5=85 : ;N4O<, 8@>=8O, A?>A>1=>ABL 70I8B8BL A;01>3>. -B> 7=0:><> ?> ;8G=><C >?KBC. / 8 <0;5=L:89 @515=>:. >;=>ABLN :>=B@>;8@CN A8BC0F8N, =0?5@54 7=0N 2>7<>6=K5 20@80=BK @0728B8O A>1KB89 8 A2>8 >B25B=K5 459AB28O. 30, MB> >?8A0=> C 8;B>=0 -@8:A>=0 2 A8BC0F88 A @0718B>9 3C1>9 53> <0;5=L:>3> AK=0. K45@68 ?0C7C, 2K15@8 =08;CGH89 20@80=B 8 B>;L:> ?>B>< 459AB2C9. > MB> 2A5 >B=>A8BAO : A>1KB8O< 2> 2=5H=5< <8@5. !59G0A <=5 =C6=> =5GB> 8=>5. 0: <>6=> 2;8OBL =0 AC1;8G=>AB8? >1@>4CH=>9 CA<5H:>9! >3CG89 @5AC@A. "C GB>, @51OB0, 65;05B5 ?>>1I0BLAO? "0I8B5 AN40 4@C38E, 70>4=> 2A5E ?5@5AG8B0N".  3>;>25 7030;45;>. 9, 1540, :0: 65 8E @07;8G0BL? <5= C =8E =5B, :0: 65 8E @0AA>@B8@>20BL? 5AC@AK ?>701KBK, 70=8<0NAL 8=25=B0@870F859. KOA=8;>AL A;54CNI55. 87C0;878@>20BL (30;;NF8=8@>20BL) AC1;8G=>AB8 <>6=>. 5@10;L=> >1I0BLAO B>65. @0240, =5 A> 2A5<8, 0 B5 87 =8E, :B> =0 MB> A?>A>15=, 3>2>@OB >48=0:>2K< ?> B5<1@C 8 ;>:0F88 3>;>A><. A5 >=8 <>3;8 AD>@<C;8@>20BL A2>N DC=:F8N (?;0=8@>20BL, @072;5:0BLAO, =5 45;0BL 3;C?>AB59, 2K?>;=OBL :>=:@5B=K5 459AB28O), => A2>N F5;L (@048 G53> >=8 MB> 45;0NB) A<>3;8 =0720BL B>;L:> 548=8FK. / A =8<8 =0<CG8;AO, :0: A 42>5G=8:0<8, 8 2A5 157 B>;:C. A5 C:07K20;8 =0 A2>N 206=>ABL, 0 2 G5< >=0 70:;NG05BAO, ?@54AB02;O;8 A<CB=>. '0ABL ?@>5:F89 @073>20@820BL =5 C<5NB 8;8 =5 E>BOB ?@8=F8?80;L=>. -B> <5=O >7040G8;>, B0: :0: =5:>B>@K5 87 =8E 8<5;8 ?@8;8G=K5 8=B5;;5:BC0;L=K5 A?>A>1=>AB8 8;8 >1;040;8 <>3CG8< 70?0A>< M=5@388, => ?@54?>G8B0;8 ?@>O2;OBL A51O 2 2845 8<?5@0B82=KE ?>B@51=>AB59, <8=CO ;N1>9 :>=B@>;L =04 8E 459AB28O<8. / 8E >1=0@C68; A ?><>ILN =5?@>872>;L=KE ?0;LF52KE A83=0;>2 "40" 8 "=5B". 07K20BL 8E M;5<5=B0<8 ?>4A>7=0=8O =5 8<5;> A<KA;0, 81> MB>B B5@<8=, :0: 8 A0<> ?>=OB85 A>7=0=8O, =8G53> =5 ?@>OA=O;8 8 =8G5< =5 ?><>30;8. 0 8 2 ;8B5@0BC@5 MB8 >10 ?>=OB8O >?8AK20NBAO G5@57 A2>9AB20 4@C3 4@C30 >1KG=K< ?@>B82>?>AB02;5=85<. !>2A5< :0: 4CE 8 <0B5@8O. 0 2B>@>< 45AOB:5 O A18;AO, B0: :0: >4=0 5E84=0O ?@>5:F8O ?>4:8=C;0 <KA;L, GB> O 70=8<0NAL =5 ?>4AG5B><, 0 A>740=85< AC1;8G=>AB59, :>8E <>3C "=0H8=:>20BL" A:>;L:> C3>4=>.  MB> 2 :=830E ?>  AG8B05BAO ?@54>AC48B5;L=K<. 0: 2?>A;54AB288 >:070;>AL, MB> <5@>?@8OB85 <=5 2A5-B0:8 ?@8=5A;> 87@O4=CN ?>;L7C, B0: :0: O ?>7=0:><8;AO A >4=>9 >@838=0;L=>9 ;8G=>ABLN, 8<52H59 ?> :064><C ?>2>4C A2>5 >@838=0;L=>5 <=5=85.  >B;8G85 >B 1>;B0NI8E 2 3>;>25 ?@>5:F89, >=0 ?@8=F8?80;L=> =5 @073>20@820;0, =5 =02O7K20;0 A2>5 <=5=85 8 >H810;0AL >G5=L @54:>. 0: >=0 ?@8E>48B : A2>8< 2K2>40<, <=5 =58725AB=>, 81> A>3;0H05BAO >B25G0BL A ?><>ILN ?0;LF52KE A83=0;>2 B>;L:> =0 ?@O<K5 2>?@>AK. 5 >B25BK G0AB> ?@>B82>@5G0B <=5=8O<, 72CG0I8< 2 3>;>25. "5< =5 <5=55, O A:>@> ?@82K: A;54>20BL 55 A>25B0<, 8=>340 ?>@060OAL 8E :06CI59AO 01AC@4=>AB8. 5 <>3C 2A?><=8BL, GB>1K :>340 ;81> A8;L=> ?@>:>;>;AO ?> 55 <8;>AB8. ;02=>5 2>2@5<O 2A?><=8BL > =59 8 ?>8=B5@5A>20BLAO 55 <=5=85<. !0<0 >=0 =8:>340 =5 =02O7K205BAO. >B B0:85 ?@8GC4K <>59 4578=B53@0F88. !>1AB25==> 2 =0G0;5 ?CB8 8=B53@0F88 >B45;L=K5 AC1;8G=>AB8 1>;LH>3> 8=B5@5A0 =5 ?@54AB02;ONB. :BC0;L=K<8 O2;ONBAO 8E :>=D;8:BK 8 :>>?5@0F8O. =5H=8<8 ?@>O2;5=8O<8 :>=D@>=B0F88 <>3CB A;C68BL AC5B0, =5@5H8B5;L=>ABL 8 @>1>ABL. 4=>2@5<5==>5 B>@<>65=85 8 2>71C645=85. @54AB02LB5, GB> 2K >4=>2@5<5==> ?@8=O;8 A;018B5;L=>5 8 A=>B2>@=>5.  ?5@2K9 @07 8AE>4 =5?@54A:07C5<. >1548B5;L ?>;CG05B ?@87: 2 :064>< ?>A;54CNI5< A;CG05 8E ?@>B82>AB>O=8O >= 1C45B ?@82KG=> >45@6820BL 25@E, E>BO @8BC0;L=0O 3@K7=O ?@>5:F89, C65 2KOA=82H8E, :B> 87 =8E A8;L=55, 2A5340 1C45B 8<5BL <5AB>. 0==0O @50:F8O 70:@5?;O5BAO 8 15A:>=5G=> 2>A?@>872>48BAO 2 >4=>B8?=KE A8BC0F8OE. 450;L=0O 8;;NAB@0F8O >1KG=>9 4578=B53@0F88 ;8G=>AB8. A;8 20< =@02OBAO B0:85 >ICI5=8O, ?@>4>;609B5 45@30BLAO 8;8 A68<0BLAO 2 :><>:. A;8 =5B  2?5@54 ?> ?CB8 8=B53@0F88. 5@20O ABC?5=L 0: 3>2>@OB :8B09FK: " CBL 2 BKAOGC ;8 =0G8=05BAO A ?5@2>3> H030". B0:, 25@=5<AO : @5AC@A0<. E ?>:0 C =0A =5<=>3>. 5@2K9 87 =8E: "/ E>7O8= A2>53> 2=CB@5==53> <8@0 8 =5 >1O70= 8A?KBK20BL =5?@8OB=K5 >ICI5=8O". 5 ?><>305B? ">340 ?@54AB02LB5 A515 B@OACI53>AO 8 @>1:>3> (20@F5=5335@0. #65 70102=>. @>=8O  MB> 2B>@>9 @5AC@A. "@5BL8< @5AC@A>< 1C45B A;C68BL B5E=8:0 8=B53@0F88 G0AB59 ;8G=>AB8 87 0@A5=0;0 . >>1I5 B> 8E <=>3>. @54;030N =0G0BL A A0<>9 70=8<0B5;L=>9. K15@8B5 2@5<O (<8=CB 20), :>340 20A =8:B> 8 =8GB> =5 1C45B 15A?>:>8BL. !O4LB5 ?>C4>1=55, ?>;>68B5 @C:8 =0 :>;5=8 ;04>=O<8 225@E. A?><=8B5 >ICI5=85 AC5BK 8;8 =5@5H8B5;L=>AB8, :>B>@K5 8A?KBK20;8 =5402=>, 0 70B5< ?>?@>A8B5 >15 AC1;8G=>AB8 A5ABL 20< =0 ;04>=8. CABL >=8 A0<8 2K15@CB, :B> :C40 @07<5AB8BAO. ?@545;8B5, =0 :0:>9 @C:5 ?5@2K< ?>O28BAO >ICI5=85 BO65AB8, B5?;0 8;8 I5:>B:8. >B 8 20H ?5@2K9 3>ABL. @54AB02LB5, :0: >= <>65B 2K3;O45BL. -B> <>65B 1KBL GB> C3>4=>: G5;>25G5:, 725@5:, <C;LBOH=K9 35@>9, F25B>:, ;N1>9 >1J5:B. A;8 2 B5G5=85 2-3 <8=CB >1@07 =5 2>7=8:05B, =5 =0?@O309B5AL, ?@54AB02LB5, :0: >= <>65B 2K3;O45BL "?>=0@>H:C" (?><=8B5 MB> <8;>5 A;>2> 87 45BAB20?), ?><>38B5 AC1;8G=>AB8 >1@5AB8 D>@<C. 5;0B5;L=>, GB>1K ?@>5:F8O 8<5;0 70:>=G5==K9 284, =5 2K7K20NI89 C 20A >B@8F0B5;L=KE M<>F89. B0:, ?5@20O AC1;8G=>ABL C 20A =0 ;04>=8. 5 B>@>?8B5AL, 2=8<0B5;L=K< @>48B5;LA:8< 27>@>< >A<>B@8B5 55 8 2K@078B5 59 1;03>40@=>ABL 70 3>B>2=>ABL : >1I5=8N. 56;82>, => =0AB>OB5;L=> ?>?@>A8B5 55 AD>@<C;8@>20BL, :0:CN ?>;57=CN 4;O 20A DC=:F8N >=0 2K?>;=O5B 8 2 G5< 70:;NG05BAO 55 :>=5G=0O F5;L. $C=:F8O MB> ?@>F5AA, F5;L  53> @57C;LB0B. A;8 AC1;8G=>ABL 70B@C4=O5BAO A >B25B><, 2K@078B5 C25@5==>ABL, GB> >=0 7=05B >B25BK =0 20H8 2>?@>AK, 0 =0 4>AC35 CB>G=8B 8E D>@<C;8@>2:8. 0?><8=0N, GB> 2K >;8F5B2>@O5B5 >1@07 4>1@>65;0B5;L=>3> @>48B5;O, @0718@0NI53> AA>@C <0;KE 45B59, 8 A B@C4>< A>E@0=O5B5 A5@L57=>5 2K@065=85 ;8F0. K ?@5A;54C5B5 425 F5;8: =02A5340 ?><8@8BL A2>8 ?@>5:F88 8 ?>;CG8BL >B MB>3> ?@>F5AA0 <0:A8<C< C4>2>;LAB28O. 065 2 B>< A;CG05, 5A;8 2K =5 A;KH8B5 =8:>3> >B25B0, ?@>F5AA <>6=> ?@>4>;60BL, 2K@0782 C25@5==>ABL 2 B><, GB> >=0 20A ?>=8<05B. >?@>A8B5 ?>A5B8B5;O MB>9 @C:8 =5<=>3> ?>4>640BL, 8 709<8B5AL 2B>@K< 3>AB5<. 7=0:><LB5AL A 53> 284>< 8 70409B5 5<C B5 65 2>?@>AK. @8 ;N1>< 20@80=B5 @0728B8O A>1KB89, =5 701C4LB5 ?>1;03>40@8BL 53> 70 A>B@C4=8G5AB2>. #B>G=8B5, O2;ONBAO ;8 MB8 AC1;8G=>AB8 :>=D;8:BCNI8<8 (2708<>?@5@K20NI8<8), 8;8 ?@>AB> ?@8H;8 ?>>1I0BLAO.  ?>A;54=5< A;CG05 (5A;8 C :064>9 87 =8E =5B 0=B03>=8AB>2) ?>E20;8B5 8E 70 15A:>=D;8:B=>ABL 8 A?@>A8B5, GB> >=8 E>BOB A>>1I8BL. !45;09B5 8< 28@BC0;L=K5 ?>40@:8, A>>1@07COAL A 8E 2=5H=>ABLN. 0H8 40@K 4>;6=K 4>AB028BL 8< C4>2>;LAB285, 0 20A  70AB028BL C;K1=CBLAO. 0?@8<5@, '51C@0H:5 <>6=> ?>40@8BL 10;0;09:C, @KF0@N  2>4O=>9 ?8AB>;5B 8;8 ;075@=K9 <5G, ?8@0<84:5  2>74CH=K9 H0@8: 55 65 F25B0 8 B.?. A;8 C >4=>9 87 ?@>5:F89 5ABL 0=B03>=8AB, ?>?@>A8B5 53> 70=OBL >A2>1>482HCNAO @C:C. >A;5 B>3>, :0: :>=D;8:BCNI85 AB>@>=K >?@545;8;8AL, ?>?@>A8B5 >4=C 87 =8E 2=8<0B5;L=> ?>A<>B@5BL =0 2B>@>9 >1@07 8 A:070BL 20<, :0:85 :0G5AB20 >??>=5=B0 59 >A>15==> =@02OBAO 8 >=0 =5 ?@>GL 8E ?@8>1@5AB8. A;8 4>304K205B5AL, > G5< <>65B 84B8 @5GL, <>65B5 ?>4A:070BL =5:>B>@K5 >B25BK. 5;0B5;L=>, GB>1K 2 >??>=5=B5 1K;> >1=0@C65=> =5 <5=55 3  5 ACI5AB25==KE ?>;>68B5;L=KE :0G5AB2. K@0782 1;03>40@=>ABL 70 A>B@C4=8G5AB2>, ?>2B>@8B5 ?@>F54C@C A 4@C3>9 @C:>9. 0B5< ?> >G5@548 >1@0B8B5AL : =8< A ?@54;>65=85<: =5 A>3;0AOBAO ;8 >=8 >1J548=8BL =0720==K5 :0G5AB20 2 A>2<5AB=>5 ?>;L7>20=85. 5GL =5 845B >1 8E ?>;=>< A;8O=88, 0 ;8HL >1 >1J548=5=88 @5AC@A>2 8 :>>@48=0F88 459AB289. >;CG82 >1>N4=>5 A>3;0A85, <54;5==> =0G=8B5 A42830BL @C:8. A;8 ?>GC2AB2C5B5 A>?@>B82;5=85, 25@=8B5 8E =0 8AE>4=K5 ?>78F88 8 A?@>A8B5, :0:85 8<5NBAO 2>7@065=8O. =>340 2 MB>B <><5=B ?>O2;O5BAO B@5BLO AC1;8G=>ABL 8 2K@0605B ?@>B5AB ?> ?>2>4C ?@>8AE>4OI53>. 56;82> ?>?@>A8B5 55 ?>4>640BL, 8 7025@LB5, GB> 55 8=B5@5AK 1C4CB >1O70B5;L=> CGB5=K GCBL ?>765. @>4>;68B5 ?@>F5AA 8=B53@0F88. A;8 2>7@060NB >A=>2=K5 ?5@A>=068, 2KOA=8B5 8E 0@3C<5=BK 8 @07259B5 2A5 A><=5=8O. 54;5==> A428309B5 @C:8, ?>GC2AB2C9B5, GB> >=8 =0G0;8 ?@8BO3820BLAO 4@C3 : 4@C3C. 01;N409B5, :0: A<5H820NBAO >1@07K, D>@<8@CO =5GB> =>2>5. 09B5 MB><C ?@8>1@5AB8 D>@<C, >B<5BLB5, :0: >=0 A>2<5I05B 2 A515 ?@54K4CI85 87>1@065=8O. >340 ?@>F5AA 7025@H8BAO, ?>?@>A8B5 =>2CN ?@>5:F8N 25@=CBLAO 2 B5;> 8 >A2>8BLAO 2 =>2>9 @>;8. 54;5==> 2B>;:=8B5 55 2 3@C4L. 0A;048B5AL >@838=0;L=K< GC2AB2>< (=04> 65 8 20< ?>;CG8BL C4>2>;LAB285), ?5@5<5I0O 53> ?> 2A5<C B5;C. >340 >ICI5=8O 70:>=G0BAO, ?>?@>A8B5 55 2=>2L A5ABL =0 ;04>=L. >?@>1C9B5 <KA;5==> @0AG;5=8BL =>2K9 >1@07 =0 420 AB0@KE. A;8 MB> =5 C405BAO, 8;8 AB0@K5 D83C@:8 =5 ?>;CG0NBAO AB018;L=K<8, MB> 7=0G8B, GB> ?@>F5AA 8=B53@0F88 CA?5H=> 7025@H5=. >1;03>40@8B5 CG0AB=8:>2 70 ?@>45;0==CN @01>BC 8 2K@078B5 =04564C =0 40;L=59H55 A>B@C4=8G5AB2>. 5 701C4LB5 ?@> B@5BL53> ?5@A>=060 (5A;8 >= 1K;). >A048B5 53> =0 @C:C, :>B>@CN >= 2K15@5B A0<, 8 A?@>A8B5, :0:85 C =53> ?@5B5=788. 1KG=> >=8 A>AB>OB 2 B><, GB> >= 1K; 2 :>>?5@0F88 A B>9 AC1;8G=>ABLN, GLN @C:C >= 70=O;, 0 B5?5@L >= =5 7=05B, GB> 45;0BL. @54;>68B5 5<C >1J548=8BLAO A =>2K< >1@07><. >;CG82 2A5>1I55 A>3;0A85, 7025@H8B5 ?@>F54C@C ?> B><C 65 AF5=0@8N. @>2548B5 ?>4>1=K9 A50=A ?@O<> A59G0A!  ?5@2K9 @07 >= >1KG=> 70=8<05B 10  15 <8=CB 8 ?@>B5:05B ?> C?@>I5==>9 <>45;8. >3> 8=B53@8@>20BL 2A5340 =0945BAO. "0: <>6=> C1@0BL 708:0=85, 15AA>==8FC, ?>;CG0BL C4>2>;LAB285 2> 2@5<O >B4KE0, =5 4C<0O > ?@54AB>OI8E 701>B0E 8 B.?. >?@>1>20;8, =C 8 :0:? 0==0O B5E=8:0 70<5G0B5;L=0 2> <=>38E >B=>H5=8OE. >-?5@2KE, 2K ?>GC2AB2>20;8, GB> 2?>;=5 <>65B5 1KBL E>7O8=>< A2>53> 2=CB@5==53> <8@0. >74@02;ON! >-2B>@KE, 2K 8A?KB0;8 =57=0:><K5 4> A8E ?>@ >ICI5=8O, 8 20< =5 1K;> A:CG=>. -B@5BL8E, B>, GB> 2K =01;N40;8, ?@8=OB> =07K20BL ?>;>68B5;L=>9 30;;NF8=0F859. =0, A B>G:8 7@5=8O :;0AA8G5A:>9 ?A8E>;>388, 2>7=8:05B ?@8 A@54=5< 8;8 3;C1>:>< 38?=>B8G5A:>< A>AB>O=88 (2A5 2@CB :0;5=40@8). -G5B25@BKE, 2K ?>4=0:0G0;8 A>1AB25==K5 @5AC@AK, >2;0452 =>2K< =02K:><. 045NAL, ?5@2K9 >?KB C 20A ?@>H5; C40G=>. K ?>7=0:><8;8AL <8=8<C< A ?0@>9 AC1;8G=>AB59, A ?>;L7>9 A =8<8 ?>>1I0;8AL 8 >:>=G0B5;L=> C1548;8AL 2 8E ACI5AB2>20=88. !0< ?@>F5AA 8=B53@0F88 4>;65= 1K; 4>AB028BL 87@O4=>5 C4>2>;LAB285, B0: :0: 20H53> "/" AB0;> 1>;LH5. ! MB>9 B>G:8 7@5=8O ?>;>68B5;L=K5 M<>F88, =5 A2O70==K5 A C4>2;5B2>@5=85< D878>;>38G5A:8E ?>B@51=>AB59, A>?@>2>640NB 8=B53@0F8>==K5 ?@>F5AAK, =530B82=K5  A2845B5;LAB2CNB >1 >1@0B=>< (C<5=LH5=88 ?@>AB@0=AB20 :>=A>;848@>20==>3> F5=B@0). 0: 3>2>@8BAO, EC4>9 <8@ ;CGH5 4>1@>9 AA>@K. CBL 8=B53@0F88  MB> ?>AB>O==K9 ?>8A: ?>;>68B5;L=KE M<>F89. C GB> 6, =0G0;> ?>;>65=>. 045NAL, C 20A 70@>48;8AL ?>4>7@5=8O, GB> 20< =5 ?@>AB> <>@>G0B 3>;>2C, 0 ?@54;030NB =5GB> @50;87C5<>5. @>4>;68<? 9, :0:>9 O =58=B53@8@>20==K9! 0: 2A5340 2 =0G0;5 ?CB8 >4>;520NB A><=5=8O: 70G5< MB> 2A5 =04> 8 AB>8B ;8 2>>1I5 GB>-=81C4L ?@54?@8=8<0BL.  E>G5BAO 8 ;5=L. >B >=8 @>4=K5 ?@>5:F88, 25G=> A?>@OI85 C 20A 2 3>;>25 > B><, GB> =04> 8 GB> =5 =04> 45;0BL, 0, 5A;8 45;0BL, B> A59G0A 8;8 ?>B><. @>8=B53@8@C9B5 8E 8 ?>;CG8B5 70A;C65==>5 C4>2>;LAB285. A;8 B0:>2>9 ?@>1;5<K =5B, ?@>?CAB8B5 A;54CNI89 0170F. 1=0@C65==K5 AC1;8G=>AB8 O2;ONBAO 2708<>?@5@K20NI8<8 8 ?@5A;54CNB >4=C F5;L  ?>;CG8BL C4>2>;LAB285, E>BO 8 @07=K<8 A?>A>10<8. >MB><C 2>7=8:0NB =5:>B>@K5 =N0=AK. 87C0;878@C9B5 ?@>5:F88 8 2KOA=8B5, G5< >=8 A8<?0B8G=K 4@C3 4@C3C. =B53@8@C9B5 8E @5AC@AK. 073;O48B5 AD>@<8@>202H89AO >1@07 8 A?@>A8B5 53>, :0:85 5I5 >= 1K E>B5; 8<5BL @5AC@AK (87>1@5B0B5;L=>ABL, B2>@G5A:89 ?>4E>4, 25A5;>5 @0A?>;>65=85 4CE0, 83@82>ABL 8 B.?.). 09B5 5<C MB8 @5AC@AK 8 >F5=8B5, :0: 87<5=8;AO >1@07. >65B5 4>1028BL : 53> 2=5H=>AB8 GB>-=81C4L >B A51O. A;8 2A5 4>2>;L=K, 2?CAB8B5 53> 2 B5;>, ?CABL >A2>8BAO. '5@57 =5:>B>@>5 2@5<O, :>340 ?>CB8E=CB >ICI5=8O, 2K7>28B5 53> >1@0B=> 8 >:>=G0B5;L=> >B@540:B8@C9B5 53> 2=5H=89 284. = 4>;65= 1KBL =5<=>3> 70102=K<, 2K7K20BL C;K1:C 8 2 B> 65 2@5<O 30@<>=8G=K<. "5?5@L 2A5 2 ?>@O4:5. >1;03>40@8B5 53> 70 A>459AB285 8 >B?CAB8B5. 0H5 =0AB@>5=85 4>;6=> ?>2KA8BLAO 8 AB0BL 1>;55 C<8@>B2>@5==K<, @5H8B5;L=>ABL 4>;6=0 C25;8G8BLAO. B0:, ?@>4>;68<. 0209B5, >?@545;8< F5;L =0H53> ?CB8, :5< <K E>B8< AB0BL. A5 8=B53@8@>20==K5 ;N48 >48=0:>2K, :064K9 4578=B53@8@>20= ?>-A2>5<C. &5;>AB=>ABL ;8G=>AB8 70:;NG05BAO 2 A;54CNI5<. =B53@8@>20==K9 G5;>25: 7=05B F5;L A2>53> ACI5AB2>20=8O 8 8I5B ?@8:;NG5=89  ?CB59, 254CI8E : MB>9 F5;8. <C 4>ABC?=K >A>1K5 C@>2=8 A>7=0=8O, ?>72>;ONI85 >1@5AB8 ?>;=CN 2=CB@5==NN A2>1>4C. = 2;0455B @5AC@A=K< A>AB>O=85<, ?>72>;ONI8< 1KBL MDD5:B82=K< 2 ;N1>9 A8BC0F88. = 2A5340 3>B>2 : 459AB28N, 81> 7=05B, GB> 2AO:0O ?@>1;5<0 8<55B =5A:>;L:> ?CB59 1;03>?>;CG=>3> @07@5H5=8O. 3> ?>2545=85 =5?@54A:07C5<>, 53> 3;02=K9 @5AC@A  B2>@G5AB2>, ?>72>;ONI55 A C4>2>;LAB285< ?@>68BL ;N1>9 >B@57>: 2@5<5=8. = <=>3>;8: 8 =5>6840=5= 2 >1I5=88, ?>A:>;L:C ?@0:B8:C5B :>=B@>;8@C5<CN 3;C?>ABL (A<5@B5;L=> =5A5@L575=). 3> E8B@>ABL 70:;NG05BAO 2 ?@8=OB88 =0 A51O ?>;=>9 >B25BAB25==>AB8 70 @57C;LB0BK A8BC0F88, 2 :>B>@>9 >= ?@8=8<05B CG0AB85. <C A2>9AB25==> 65;0=85 >B>1@078BL A2>9 2=CB@5==89 <8@ 2> 2=5H=5<, GB>1K =0?@02;OBL @0728B85 A>1KB89 ?> >?B8<0;L=><C ?CB8. I5B 548=><KH;5==8:>2 8 ?>1C6405B >:@C60NI8E CG0AB2>20BL 2 ?@5>1@07>20=88 MB>3> 70=C4=>3> <8@0. >B B0:85 >=8 >48=0:>2K5. K 2AB@5G0;8 ?>4>1=KE ;N459? 5B?  254L :064K9 87 =0A A?>A>15= :@0B:>2@5<5==> 45<>=AB@8@>20BL 2A5 MB8 :0G5AB20.  F5;>< 65 ;N48 2K3;O4OB 8=0G5. 1KG=K9 G5;>25: AB0=>28BAO A<5@B5;L=> A5@L57=K<, 5A;8 @5GL 70E>48B > 25I0E, :>B>@K5 >= AG8B05B 4;O A51O 206=K<8.  MB>< A>AB>O=88 >= 70=C45= 8 A8;L=> @074@0605BAO, :>340 53> ?5@51820NB. 3> 3;02=0O ?>B@51=>ABL - ?>B0:0BL GC2AB2C A>1AB25==>9 206=>AB8. N1CN 15A54C AB@5<8BLAO >1@0B8BL 2 >1AC645=85 ?@>8AE>4OI8E A =8< @CB8==KE A>1KB89. > ;N1><C ?>2>4C AG8B05B =5>1E>48<K< 2K@078BL A2>5 <=5=85. 5 ?5@5=>A8B HCB>: 8;8 :@8B8G5A:8E 70<5G0=89 2 A2>9 04@5A. N18B ;5ABL, B0: :0: AG8B05B 55 >1J5:B82=> A?@0254;82>9.  ?@>1;5<0< 7=0:><KE >B=>A8BAO A=8AE>48B5;L=>. 1>605B :@8B8:>20BL 8 CG8BL 68BL. <55B >:>=G0B5;L=K5 C15645=8O, G0AB> ?@>B82>@5G0I85 4@C3 4@C3C. 'C68< <=5=85< 8=B5@5AC5BAO B>;L:> 87 256;82>AB8. @C38< >H81>: =5 ?@>I05B, 70 A>1>9 >=KE =5 G8A;8B. !2>8 =5C40G8 A?8AK205B =0 459AB28O (157459AB285) 4@C38E ;N459 8;8 =0 =5?@5>4>;8<K5 >1AB>OB5;LAB20. 2B>@ 2A5E CA?5E>2 8 O@K9 :@8B8: 2A5E =5C40G. 53:> ?@54A:07C5< 4;O 7=0NI8E 53> ;N459. <55B =01>@ AB5@5>B8?=KE <=5=89 8 G0AB> 8E ?>2B>@O5B. >AB>O==> >701>G5=.  =5>6840==KE A8BC0F8OE =0G8=05B AC5B8BLAO.  M:AB@5<0;L=KE >1AB>OB5;LAB20E A=0G0;0 2?0405B 2 ?0=8:C, 70B5< AB0@05BAO ?5@5;>68BL >B25BAB25==>ABL =0 4@C38E. A;8 MB> =5 C405BAO, 2?0405B 2 ABC?>@. 5AC@A=KE A>AB>O=89 ?@0:B8G5A:8 =5 8<55B. 3> D>:CA 2=8<0=8O >1@0I5= =0 A51O ;N18<>3>. >AB>O==> >F5=8205B, :0: >= 2K3;O48B A> AB>@>=K. '@572KG09=> >701>G5= GC68< <=5=85< > A2>59 >A>15. '0AB> 45<>=AB@8@C5B :@09=85 20@80=BK ?>2545=8O: B> @>1>:, B> =03;. 'C685 =5?@8OB=>AB8 ?@54?>G8B05B =5 70<5G0BL. 0=8G5A:8 1>8BAO A2>8E 1>;57=59 8 A<5@B8 1;87:8E. @8 MB>< A0< ?@0:B8G5A:8 15AA<5@B5=. 07=>>1@0785 ?>2545=8O 4578=B53@8@>20==>3> G5;>25:0 <>6=> ?@>4>;60BL 4> 15A:>=5G=>AB8. C GB>, C7=0;8 ?>@B@5BK @>4=KE 8 7=0:><KE? 0: 2A5 MB> >B2@0B8B5;L=> 8 =5?@8OB=>. 045NAL, GB> C 20A =5B G5@B, A>45@60I8EAO 2 <>5< A?8A:5. -B>B A?8A>: 459AB28B5;L=> <>9. / 53> A>AB028; 2 @57C;LB0B5 2KA;56820=8O A>1AB25==KE AB5@5>B8?>2 ?>2545=8O. !?0A81> 70 ?>74@02;5=8O. "5< 1>;55, GB> MB>B @55AB@ 4>?>;=O5BAO 2@54=K<8 ?@82KG:0<8, D>18O<8, 848>BA:8<8 C15645=8O<8 8 <KA;5==K<8 28@CA0<8. A5 2<5AB5 >=8 8 A>AB02;O;8 BC <CBL, 2 :>B>@>9 O ?@82KG=> 1C;BKE0;AO. !> 2@5<5=5< :>5 >B G53> C40;>AL 871028BLAO. LIC A51O =04564>9, GB> <>9 >?KB <>65B 20< ?@83>48BLAO. 0=LH5, :>340 >4=0 87 <>8E ?@>5:F89 C:07K20;0 2> 2=CB@5==5< 480;>35 =0 MB8 70<5G0B5;L=K5 :0G5AB20, C <5=O 1K;0 B>;L:> >4=0 AB@0B538O 459AB289. =0 70:;NG0;0AL 2 B><, GB> 4@C30O AC1;8G=>ABL, CG0AB=8: 480;>30, 3>@4> 70O2;O;0: ">B B0:>5 O 3>2=>!".  @0725@=CB>< 2845 MB> >7=0G0;> A;54CNI55 848>BA:>5 C15645=85. !2>5>1@0785 ;8G=>AB8 70:;NG05BAO 2 C=8:0;L=>< A>G5B0=88 :0: ?>;>68B5;L=KE, B0: 8 >B@8F0B5;L=KE :0G5AB2. E =0A8;LAB25==>5 87<5=5=85 5ABL ?>:CH5=85 =0 <>N 8=48284C0;L=>ABL, 0 MB> =54>?CAB8<>. !59G0A, ?@>42830OAL ?> ?CB8 8=B53@0F88, O ?>2B>@ON MBC 65 D@07C A;>2> 2 A;>2>. ">;L:> 2:;04K20N O 2 =55 8=>9 A<KA;: :0: <=>3> <=5 >AB0;>AL 87<5=8BL 2> 2=CB@5==5< <8@5. >B B8?8G=K9 ?@8<5@ <=>3><5@=>AB8 A<KA;0, AB>OI53> 70 >4=>9 D@07>9. ;O B5E, :B> :0: :>340-B> 8 O, >?0A05BAO 70 A2>N 845=B8G=>ABL, <>3C A:070BL A;54CNI55. >-?5@2KE, 2A5 ?@54;0305<K5 ?A8E>B5E=8:8 2K 1C45B5 ?@8<5=OBL A0<8 : A515 8;8 A> A2>53> A>3;0A8O, GB> 8A:;NG05B A0<> ?>=OB85 <0=8?C;OF88. >-2B>@KE, 2A5 ?@8ACI85 20< B8?K ?>2545=8O >AB0=CBAO ?@8 20A. 07=8F0 1C45B 70:;NG0BLAO 2 B><, GB> B5?5@L 2K 1C45B5 2K18@0BL: 8A?>;L7>20BL 8E 8;8 =5B.  >?@545;5==KE A8BC0F8OE 1KBL 70=>AG82K< 70=C4>9 8;8 :070BLAO ?C3;82K< 8AB5@8:>< 2K3>4=>. 0?@8<5@, 4;O B>3>, GB> 1K <>@>G8BL 3>;>2C =5?@8OB=K< ;N4O<, =>@>2OI8< 20A ?@8=C48BL : =565;0B5;L=K< 459AB28O<. ;8 5A;8 B0:>5 ?>2545=85 ?>72>;O5B 20< 4>AB83=CBL 65;05<>9 F5;8 :@0BG09H8< ?CB5<. ;8 ?@>AB> 4>AB028BL A515 8 4@C38< =5<=>3> C4>2>;LAB28O. >?>;=8B5;L=> : MB8< 2840< ?>2545=8O 2K A<>65B5 4>1028BL :CGC 4@C38E. # 0@;>A0 0AB0=54K ?>4>1=0O A?>A>1=>ABL AG8B05BAO =5>BJ5<;5<>9 G5@B>9 <030 8 =07K205BAO AB0;:8=3><. -B@5BL8E, ?>9<8B5, GB> 40==>5 >?0A5=85 2K@0605B B>;L:> >4=0 G0ABL 20H59 ;8G=>AB8, 8 >=> >A=>20=> =0 >3@0=8G820NI5< 20A C15645=88. I5 @07 ?5@5G8B09B5 E0@0:B5@8AB8:8 8=B53@8@>20==>3> G5;>25:0 8 ?>4C<09B5, E>G5BAO ;8 20< AB0BL E>BL GCB>G:C B0:8<. A;8 40, B> =0AB0;> 2@5<O A45;0BL A;54CNI89 H03. B>@0O ABC?5=L ;O =0G0;0 A45;09B5 425 25I8. C?8B5 1;>:=>B, ?><5I0NI89AO 2 :0@<0= 8;8 2 20HC AC<:C. = =5>1E>48< 4;O D8:A0F88 =01;N405<KE MDD5:B>2 8 A8AB5<0B870F88 20H8E 459AB289. ;>:=>B 2A5 2@5<O 4>;65= 1KBL ?>4 @C:>9, 2K 53> 1C45B5 G0AB> 8A?>;L7>20BL. @><5 B>3>, :C?8B5 8;8 873>B>2LB5 0<C;5B. "CB ?@>O28B5 A2>N D0=B078N. 0 =5< <>6=> =0G5@B0BL 7=0: ( 8;8 7=0G>: 8=B53@0;0, <>6=> 1C:2C "/", 2A5 GB> C3>4=>. -B0 ?>1@O:CH:0 ;81> 4>;6=0 =5<=>3> <5H0BL ?@8 42865=88, ;81> 2A5 2@5<O ?>?040BLAO =0 3;070.  :@09=5< A;CG05, <>6=> =0@8A>20BL 7=0: =0 BK;L=>9 G0AB8 :8AB8 <56C 1>;LH8< 8 C:070B5;L=K< ?0;LF5<. ;02=0O F5;L B0;8A<0=0  <5H0BL 20< 68BL ?>-AB0@><C, ?>AB>O==> =0?><8=0BL > B><, GB> 2K =5C:;>==> 42865B5AL ?> ?CB8 8=B53@0F88. @><5 B>3>, >= 1C45B 2K?>;=OBL 5I5 425 DC=:F88. >-?5@2KE, >= ?>A;C68B 7@8<K< 8 >ICB8<K< 2>?;>I5=85< 20H8E @5AC@A>2, 8E E@0=8;8I5< 8 O:>@5<, 4;O 8E 0:B82870F88. 0?>;=OBL 53> 1C45B5 A;54CNI8< >1@07><.  <><5=BK =081>;55 >AB@>3> ?5@56820=8O @5AC@A=KE >ICI5=89 (@04>AB8, C4>2>;LAB28O, CA?5E0, C40G8, ?>=8<0=8O, ;N1KE 4@C38E ?>;>68B5;L=KE M<>F89) ?@8:>A=8B5AL : 0<C;5BC >A>1K< 65AB>< (?@84C<09B5 53> A0<8). ;02=>5, GB>1K MB> ?@8:>A=>25=85 1K;> 2A5340 >4=8< 8 B5< 65 2 <5;LG09H8E ?>4@>1=>ABOE. -B8< 65 65AB>< 1C45B5 0:B82878@>20BL B@51C5<K5 @5AC@A=K5 A>AB>O=8O. >-2B>@KE, >1;040B5;L 0<C;5B0 2 3;070E >:@C60NI8E 1C45B 2K3;O45BL =5A:>;L:> M:AB@02030=B=>. ;C?K5 70<5G0=8O ?> 53> ?>2>4C 1C4CB <0AA8@>20BL 20H5 GC2AB2> A>1AB25==>9 7=0G8<>AB8, 8 ?>1C640BL : 0:B82=K< 459AB28O<.  :064>< A;CG05 CA?5H=>3> 2K?>;=5=8O 8=B53@0F8>==KE B5E=8: >1O70B5;L=> ?@8:0A09B5AL : B0;8A<0=C 2 <><5=B ?8:0 M<>F89, B5< A0<K< 53> 70@O60O. @><5 B>3>, :064CN B0:CN A8BC0F8N 65;0B5;L=> :>48@>20BL A8<2>;>< 8;8 CG0AB2>202H8< 2 =59 ?@54<5B>< 8 "?><5I0BL" 8E 2 0<C;5B. "0: 1C45B ;53G5 2?>A;54AB288 0:B82878@>20BL =5>1E>48<K9 @5AC@A. A;8 2 :0:>9 ;81> A8BC0F88 20A ?>AB83;0 =5C40G0 8;8 2K 701K;8 2>2@5<O 2A?><=8BL, GB> 2K "<03", ?>765 2 B>B 65 45=L 2>A?>;L7C9B5AL 1;>:=>B><. 0?8H8B5 2 =53> ?@>1;5<=CN A8BC0F8N A C:070=85< 40BK 8 459AB2CNI8E ;8F. >D0=B078@C9B5, :0: 1K 2 40==>9 A8BC0F88 ?>ABC?8;8 B5 8;8 8=K5 :><?5B5=B=K5 ;8F0 (E>@>H89 7=0:><K9, 65<A >=4, 8=8 CE 8 4@.) 0?8H8B5 3-5 =081>;55 ?@82;5:0B5;L=KE 4;O 20A @5H5=89 8 2K15@8B5 87 =8E ;CGH55. >1548B5;O A;54C5B 2K18@0BL =5 ?> <=8<>9 MDD5:B82=>AB8, 0 ?> AB5?5=8 >@838=0;L=>AB8 8 70102=>AB8. >AB02LB5 >F5=:C "E>@>H>", 5A;8 C;K1=C;8AL, 8 ">B;8G=>", 5A;8 70A<5O;8AL.  8450;5 2K 4>;6=K :>@G8BAO >B E>E>B0. >470@O48B5 0<C;5B 8 ?@54AB02LB5 0=0;>38G=CN A8BC0F8N 2 1C4CI5<. >A<>B@8B5, :0: >=0 @07@5H8BLAO 2 2K1@0==>< AB8;5, GB> ?>A;C68B B5< "A?CA:>2K< :@NG:><" 2 F5?>G:5 =0G0;L=KE A>1KB89, 70?CA:0NI8< =>2K5 459AB28O. A;8 2>7=8:=5B >ICI5=85, GB> 2A5 MB> 70<5G0B5;L=>, => 2K =8:>340 =5 ?>ABC?8B5 B0:8< >1@07><, 7=0G8B 20< ?>?0;0AL 4>1KG0: :>=D;8:BCNI85 AC1;8G=>AB8. @>8=B53@8@C9B5 8E ?> >?8A0==>9 <5B>48:5, =045;82 4>?>;=8B5;L=K<8 @5AC@A0<8 (020=BN@=>ABLN, 0?;><1><, 83@82>ABLN 8 B.?.). ;O MB>3> ?@8?><=8B5 ?>4E>4OICN A8BC0F8N 87 A2>53> 1C@=>3> 45BAB20 8;8 2>948B5 2 >1@07 AB0?0 5=45@0. > >:>=G0=88 8=B53@0F88 A=>20 @0AA<>B@8B5 <>45;8@C5<CN A8BC0F8N. F5=8B5, =0A:>;L:> >=0 AB0;0 ?@85<;5<>9 8 @50;L=>9, :0:85 >AB0;8AL 2>7@065=8O 8 <>6=> ;8 8E C4>2;5B2>@8BL, =5 <5=OO A<KA;0 459AB28O. #G8BK209B5 548=AB25==>5 >3@0=8G5=85: 2 @57C;LB0B5 20H8E 459AB289 =5 4>;6=K ?>AB@040BL 4@C385 ;N48. > 2>7<>6=>AB8, >=8 4>;6=K ?>;CG8BL A2>N B>;8:C C4>2>;LAB28O. 0?8H8B5 >:>=G0B5;L=K9 20@80=B 2 1;>:=>B 8 ?>AB0@09B5AL 53> ?>1KAB@55 @50;87>20BL. 5 701C4LB5 ?@>0=0;878@>20BL, G5< @50;L=0O A8BC0F8O >B;8G0;0AL >B 2>>1@0605<>9. ?>A;54AB288 C 20A 4>;6=K AD>@<8@>20BLAO =5A:>;L:> =>2KE AB8;59 ?>2545=8O, 70?CA:0NI8EAO A0<>?@>872>;L=>. >AB>O==> 8E @0728209B5 8 <>48D8F8@C9B5, GB> 1K >=8 =5 ?@52@0B8;8AL 2 AB5@5>B8?K. 5 701K209B5, GB> >4=0 87 20H8E 3;02=KE F5;59  ?>;CG0BL C4>2>;LAB285 >B 2A5E 687=5==KE A8BC0F89. "5?5@L 2K 2>>@C65=K 8 3>B>2K : ?@8:;NG5=8O<. 0G=8B5 2>B A G53>. B:@>9B5 1;>:=>B 8 70?8H8B5 2 =53> =081>;55 =5?@8OB=K5 4;O 20A :0G5AB20 4578=B53@8@>20==>3> G5;>25:0. >A?>;L7C9B5AL <>8< ?5@5G=5<, 2A?><=8B5 7=0:><KE. G5=L ?@>HC, A45;09B5 MB> ?@O<> A59G0A, 0 B> =C6=K9 @57C;LB0B <>65B 8 =5 ?>;CG8BLAO. !45;0;8? "0: 2>B, 2K1@0==>5 20<8  MB> 20H8 :0G5AB20. 5;> 2 B><, GB> G5;>25: =5 ;N18B 2 4@C38E B>, GB> >= =5 E>B5; 1K 8<5BL 2 A515. > >= MB> 8<55B. >=5G=>, 40==>5 CB25@645=85 =>A8B 25@>OB=>AB=K9 E0@0:B5@, B5< =5 <5=55, >=0 >G5=L 2KA>:0. A;8 20< =5 A2>9AB25==0 604=>ABL, B> 2K 8 =5 >B@0605B5 55 2 4@C38E. ">3>, G53> =5B 2> 2=CB@5==5< <8@5 :0: 1K =5B 8 2> 2=5H=5<. 04=KE =5=0284OB B5, :B> A0< AB@0405B AB@0ABLN : =0:>?;5=8N. 573@5H=K9 B>;L:> E<K:=5B 8 701C45B, 3@5H=K9 70B08B >184C 8 ?@8 :064>< C4>1=>< A;CG05 1C45B 18G520BL MB>B ?>@>:.  MB>, 2 A2>N >G5@54L =5 ?>72>;O5B >A>7=0BL 2 A515 AB>;L =5E>@>H55 A2>9AB2>. C E>@>H>, ?CABL MB8E 304:8E :0G5AB2 C 20A =5B. 0209B5 ?@>AB> ?>83@05<: 2>>1@078<, GB> >=8 C 20A 5ABL. "0: GB> A =8<8 1C45< 45;0BL? C45< AG8B0BL 8E 2A53> ;8HL 4C@=K<8 ?@82KG:0<8. @82KG:0  MB> 70:>=G5==0O ?>2545=G5A:0O ?@>3@0<<0, @01>B0 "02B>?8;>B0" ;8G=>AB8. K 2A5 A>B:0=K 87 ?@82KG5:, :0640O 87 =8E MB> >B45;L=K9 >1J5< 2=CB@5==53> <8@0. 065BAO, GB> 02B><0B8G5A:85 =02K:8 M:>=><OB <0AAC A8; 8 M=5@388. -B> =5 A>2A5< B0:. N1>9 =02K: ?>;575= B>;L:> B>340, :>340 >= ?>AB>O==> @0728205BAO 8 >1=>2;O5BAO. @8 >1CG5=88 G5<C-;81> 0:B82878@CNBAO =5A:>;L:> ?@>5:F89 ;8G=>AB8, >=8 >1@07CNB :>=A>;848@>20==CN >1;0ABL, B> 5ABL "/". >340 ?@82KG:0 "70G5@AB25;0" 8 >1>A>18;0AL, >=0 459AB2C5B 02B>=><=> 8 =5 CG0AB2C5B 2 ?@>F5AA0E 2=CB@5==53> <8@0. >A:>;L:C 55 ACI5AB2>20=85 A0<>4>AB0B>G=> 8 1570;LB5@=0B82=>, >=0 8A:;NG05B A2>1>4C 2K1>@0. >5740 ?>?5@5: @5;LA =5 E>4OB. >3 40@>20; =0< A2>1>4C 2>;8, <K A0<8 A ?><>ILN AB5@5>B8?>2 55 C=8GB>605<. =CB@8 :;5B:8 157>?0A=>, => 55 ?@545;K ?@52@0I0NB =0A 2 1574C<=KE @>1>B>2. 8G=>ABL 70<5I05B A2>8 682K5 G0AB8 <5E0=8G5A:8<8 ?@>B570<8. $>@<0 =0G8=05B 2KB5A=OBL A>45@60=85. #AB>9G82K9 AB5@5>B8? ?>2545=8O >4=><5@5=, 70<:=CB 8 =5 2>A?@88<G82 : 87<5=ONI8<AO <=>3><5@=K< ?@>F5AA0< ;8G=>AB8. "5?5@L MB> GC4>28I5, ?>@>645==>5 A=>< @07C<0. 081>;55 ?>:070B5;L=K 2@54=K5 ?@82KG:8, @53C;O@=> >45@6820NI85 25@E =04 "A>7=0B5;L=K<8" ?@>5:F8O<8. E 3;02=>5 >@C685  ?>B@51=>ABL. A;8 55 =5 C4>2;5B2>@8BL, =0ABC?05B ?>;=0O 457>@30=870F8O <KA;8B5;L=KE 8 D878>;>38G5A:8E ?@>F5AA>2. ABL "1572@54=K5" ?@82KG:8: 70AK?0BL 2 >?@545;5==>9 ?>75 8 2 >4=> 8 B> 65 2@5<O, E>48BL =0 @01>BC >4=8< 8 B5< 65 ?CB5<, 5ABL >4=C 8 BC 65 ?8IC 8 B.4. =8 =570<5B=>, => >G5=L A8;L=> >3@0=8G820NB =0HC 2=CB@5==NN A2>1>4C, 2KG8B0NB 2@5<O 87 687=8 "/". ABL =5>1E>48<K5 =02K:8, =0?@8<5@, E>4L10. >A<>B@8B5 =0 ?>E>4:C 7=0:><KE ;N459. '0I5 2A53> >=0 =5:@0A820, GB> A2845B5;LAB2C5B >1 CI5@1=>AB8 @50;87CNI59 55 ?@>3@0<<K. 5?@028;L=0O ?>E>4:0 4C@=> >B@0605BAO =0 A0<>GC2AB288, G5;>25: 1KAB@> CAB05B, 8<55B 1>;LH85 H0=AK C?0ABL 8 A;><0BL A515 GB>-=81C4L.  :@09=8E 20@80=B0E <>3CB 2>7=8:=CBL 1>;57=8 >?>@=>-42830B5;L=>3> 0??0@0B0 8;8 2=CB@5==8E >@30=>2. "> 65 A0<>5 :0A05BAO >A0=:8.  <0=5@0 3>2>@8BL? B> >B;8G05BAO :@0A82>9, ?>=OB=>9 @5GLN?  =8:><C 2 3>;>2C =5 ?@845B C;CGH8BL A2>8 =02K:8, ?>72>;8BL 8<5BL A515 :@0A82K5 ?>E>4:C, >A0=:C 8 @5GL, 20@L8@>20BL 8E ?> A2>5<C 65;0=8N. K 4KH8< =5?@028;L=>, 6C5< =5?@028;L=>, 4065 4C<05< =5?@028;L=>. -B8 C@>4AB20 <5H0NB =0< 1KBL MDD5:B82=K<8 8 @07=>>1@07=K<8, ?>;CG0BL >B 687=8 <0:A8<C< C4>2>;LAB28O 8 ?@8=>A8BL 53> 4@C38<. 540 2 B><, GB> <K ;53:> 70<5G05< ?@82KG:8 4@C38E, 0 > A2>8E G0AB> 8 =5 ?>4>7@5205<. =8 5ABL B>340, :>340 =5B =0A. CGC 2@5<5=8 @>4=K5 682CB =5 A 20<8, 0 A 20H8<8 AB5@5>B8?0<8, :>B>@K5 :@CBOBAO :0: 705765==0O ?;0AB8=:0. "0: GB> 65 45;0BL? 0G=8B5 A A>AB02;5=8O 8=25=B0@=>3> A?8A:0. 0G0;> A <>59 ?><>ILN C65 ?>;>65=>. 064K9 @07, :>340 25G=> <5H0NI89 B0;8A<0= =0?><=8B > A515, D8:A8@C9B5 A2>8 @CB8==K5 459AB28O, ?>2B>@ONI85AO 2 >48=0:>2KE A8BC0F8OE. 0AA>@B8@C9B5 8E =0 2@54>=>A=K5, =5?@8OB=K5 8 =0 ?>4;560I85 <>45@=870F88 AB5@5>B8?K. 0G=8B5 A ?>A;54=8E. ?@545;8B5 8E ?>;57=K5 DC=:F88 8 F5;L. F5=8B5, 2 G5< >=8 20< ?><>30NB, 0 2 G5< >3@0=8G820NB, GB> 5I5 ?>;57=>3> 8 =C6=>3> >=8 <>3CB ?@8=5AB8. <59B5 2 284C, GB> =02K:8 G0AB> A2O70=K <564C A>1>9 2 D8:A8@>20==CN F5?>G:C. @8<5@>< <>65B A;C68BL B@0=A?>@B8@>2:0 20H53> B5;0 87 4><0 =0 @01>BC 8;8 CG51C. =0 A>AB>8B 87 :><?;5:A0 2AB020=8O 2 >?@545;5==>5 2@5<O, 38385=8G5A:8E ?@>F54C@, >4520=8O, 702B@0:0, ?@82KG=>3> <0@H@CB0 42865=8O, >1KG=KE <KA;59 8 ?@82KG=>3> 2=CB@5==53> 2@5<O?@5?@>2>645=8O. 0409B5AL 2>?@>A><: <>6=> ;8 :064>5 87 MB8E 459AB289 >?B8<878@>20BL 8;8 @07=>>1@078BL A F5;LN ?>;CG5=8O C4>2>;LAB28O >B >1KG=> @CB8==>3> ?@>F5AA0? A5 ;8 2K 45;05B5 A>25@H5==>? A5340 ;8 2AB05B5 A E>@>H8< =0AB@>5=85<, ?>701>B8;8AL ;8 > 2:CA=>< 8 ?>;57=>< 702B@0:5, O2;O5B5AL ;8 ;CG8< 2 <8@5 A?5F80;8AB>< ?> G8AB:5 7C1>2, 45;05B5 ;8 ?@8OB=CN 70@O4:C? >65B 1KBL ;CGH5 =0 @01>BC 5748BL 1>;55 4;8==K< ?CB5<, => 2 <5=55 =018B>< B@0=A?>@B5, <>65B 1KBL ;CGH5 2A53> E>48BL ?5H:>< 8;8 2KE>48BL =0 >AB0=>2:C @0=LH5, GB>1K =0A;048BLAO ?@>3C;:>9? '5< 70=OB0 20H0 3>;>20 2 MB> 2@5<O, <>65B 53> ?>B@0B8BL =0 GB> =8 1C4L 8=B5@5A=>5, =0?@8<5@, 2K?>;=8BL C?@06=5=85 ?> 8=B53@0F88? A;8 B@51C5BAO 4>?>;=8B5;L=>5 2@5<O 8;8 ?@5420@8B5;L=0O ?>43>B>2:0 A 25G5@0, @0715@8B5AL, :>340 ;CGH5 ;5GL A?0BL, A:>;L:> G0A>2 A=0 20< =C6=>, GB>1K ?@>A=CBLAO 2 >?B8<0;L=>< A>AB>O=88 8 B.4. !B>8B ;8 25G5@>< B0@0I8BLAO 2 OI8:, 8;8 A45;0BL GB>-B> 1>;55 ?@8OB=>5 8 ?>;57=>5. 0: <>6=> A;><0BL AB5@5>B8?K?  <K 8E ;><0BL =5 1C45<, 1C45< ?@5>1@07>2K20BL. >-?5@2KE, 8A?>;L7C9B5 B0;8A<0= 8 1;>:=>B. 064K9 @07, :>340 0<C;5B =0?><=8B > A515, A45;09B5 ?0C7C. !>>1@078B5, G5< 2K 2 40==K9 <><5=B 70=8<05B5AL 8 :0: <>6=> 4>AB8GL B>3> 65 @57C;LB0B0 ;N1K< 4@C38< A?>A>1>< (65;0B5;L=> 70102=K< 8 =5>1KG=K<), BCB 65 MB> @50;87C9B5. A;8 =8G53> =5 ?@8E>48B 2 3>;>2C, 0:B82878@C9B5 B0;8A<0= 8 2>948B5 2 @5AC@A=>5 B2>@G5A:>5 A>AB>O=85. 0?@8<5@, 2A?><=8B5 87>I@5==CN 87>1@5B0B5;L=>ABL "><0 8 65@8. 0:>=G8B5 A2>5 459AB285 2 MB>< AB8;5.  A;CG05 CA?5E0 ?>4:0G09B5 0<C;5B >1@5B5==K<8 @5AC@A0<8, 2 A;CG05 =5C40G8 2>A?>;L7C9B5AL 1;>:=>B>< 4;O 0=0;870 2>7=8:H8E ?@>1;5<. >-2B>@KE, ?>A>25I09B5AL A A0<8<8 AC1;8G=>ABO<8. @>F5AA 2 MB>< A;CG05 A;54CNI89. @54AB02LB5, GB> 2K >ACI5AB2;O5B5 40==K5 AB5@5>B8?=K5 459AB28O 8;8 ?@>AB> =0G=8B5 8E 45;0BL. >340 ?>GC2AB2C5B5, GB> ?@>F5AA ?>H5;, 0 2K =0G8=05B5 8AG570BL, >1@0B8B5AL : A2>59 ?@>5:F88 A ?@54;>65=85< ?@5@20BLAO 8 ?>1>;B0BL =0 206=CN B5<C. B =5>6840==>AB8 >=8 2A5340 A>3;0H0NBAO. 0AA:068B5, :0: 2K 59 1;03>40@=K 70 >1@07F>2> 2K?>;=O5<CN @01>BC. 8:0:8E ?@5B5=789 2K : =59 =5 8<55B5, B>;L:> E>B8B5 ?><>GL 2K?>;=OBL 55 DC=:F8N 5I5 1>;55 MDD5:B82=> 8 B2>@G5A:8. #B>G=8B5, 2 G5< >=0 2848B A2>N 3;02=CN DC=:F8N, 8 : :0:>9 F5;8 AB@5<8BAO. A;8 >=0 70B@C4=O5BAO MB> A45;0BL, ?><>38B5 59 2K@01>B0BL ?@85<;5<CN D>@<C;8@>2:C 4;O F5;8 55 459AB289. 1KG=> MB> ?>;CG5=85 :>=:@5B=>3> ?>;>68B5;L=>3> GC2AB20, => <>65B 1KBL 8 =5GB> 4@C3>5. !>>1@07COAL A ?>;CG5==K<8 @57C;LB0B0<8, ?@54;>68B5 59 @0AH8@8BL :@C3 A2>8E >1O70==>AB59 8;8 =>2K5 20@80=BK >ACI5AB2;5=8O CA?5H=KE 459AB289. A;8 2 >B25B =5 ?>;CG05B5 C25@5==>3> "40", A:>@55 2A53> 55 =5 CAB@0820NB ?@54;0305<K5 ?CB8 4>AB865=8O F5;8. I5 @07 ?>OA=8B5, G53> 2K E>B8B5 4>18BLAO A 55 ?><>ILN 8 ?>?@>A8B5 AC1;8G=>ABL "AE>48BL" : B2>@G5A:>9 G0AB8 20H59 ;8G=>AB8, 2K1@0BL =5 <5=55 B@5E =>2KE A?>A>1>2 4>AB865=8O 8 25@=CBLAO =0704. #1548B5AL, GB> >=0 >B>1@0;0 MB8 20@80=BK 8 A>3;0A=0 8E >?@>1>20BL =0 ?@0:B8:5.  70:;NG5=85 ?>1;03>40@8B5 55 70 A>B@C4=8G5AB2> 8 ?>?@>A8B5 ?>G0I5 ?@83;0H0BL 20A 4;O ?>;CG5=8O A>2<5AB=>3> C4>2>;LAB28O >B MDD5:B82=>AB8 55 @01>BK. A;8 2K 55 30;;NF8=8@>20;8, A45;09B5 59 70102=K9 28@BC0;L=K9 ?>40@>:. >6=> ?@84C<K20BL 8 4@C385 B5E=8:8. 0?@8<5@, <>6=> >@30=87>20BL A>25I0=85 AC1;8G=>AB59, CG0AB2CNI8E 2 ?@>F5AA5 CB@5==53> ?@>1C645=8O. 1JOA=8B5 8< A2>8 =0<5@5=8O, 2KA;CH09B5 8E <=5=8O, 4>159B5AL :>=A5=ACA0 ?> ?>2>4C AB@0B5388 8E @50;870F88. A;8 2A5 ?@>E>48B =>@<0;L=>, 2KOA=8B5, :0: >=8 1C4CB 459AB2>20BL ?>-=>2><C: 2 >B45;L=>AB8 8;8 A>2<5AB=>, =5B ;8 >1865==KE 8 CI5<;5==KE.  A;CG05 2>7=8:=>25=8O ?@>B82>459AB28O 8;8 =5?>=8<0=8O ?CB59 @50;870F88 ?>AB02;5==>9 7040G8, ?>?@>A8B5 8E 3C@L1>9 ?>A5B8BL B2>@G5A:CN G0ABL 8 2K1@0BL CAB@0820NI85 2A5E 20@80=BK 459AB289. #1548B5AL, GB> 2>7@065=89 =5 >AB0;>AL 8 =8:B> =5 ?@>B82 459AB28O "A>A5459".  ?@>B82=>< A;CG05 2KOA=8B5 ACBL 2>7@065=89 8 ?@>8=B53@8@C9B5 :>=D;8:BCNI85 AC1;8G=>AB8. >6=> ?>?@>1>20BL 45<>:@0B8G5A:8< >1@07>< 2K1@0BL A@548 =8E >B25BAB25==>3> :>>@48=0B>@0 A>2<5AB=KE CA8;89, => MB> G0AB> 2K7K205B B@5=8O 8 2>7@065=8O.  70:;NG5=85 ?>?@>A8B5 8E ?@83;0H0BL 20A ?@8ACBAB2>20BL ?@8 @50;870F88 =>2KE B8?>2 ?>2545=8O. C4LB5 ?@545;L=> :>@@5:B=K 8 4>1@>65;0B5;L=K. 0H8 ?@>5:F88 >184G82K, :0: <0;K5 45B8, 8 B0: 65 >E>B=> @5038@CNB =0 ?>E20;C 8 ?>>I@5=8O. A;8 ?> =5>AB>@>6=>AB8 2ABC?8B5 A >4=>9 87 =8E 2 :>=D;8:B, <>65B5 ?@52@0B8BL 55 2> 2=CB@5==53> B5@@>@8AB0 A> 2A5<8 2KB5:0NI8<8 >BAN40 ?>A;54AB28O<8.  2>>1I5, >=8 @51OB0 >B7K2G82K5 8 B@C4>;N182K5, 15@8B5 A =8E ?@8<5@. !;54C5B 8<5BL 2 284C, GB> =>2>5 ?>2545=85 <>65B =5 =0G0BLAO, 0, 2>7=8:=C2, ?>AB5?5==> 25@=CBLAO : AB0@><C 20@80=BC.  ?5@2>< A;CG05 2K =5 ?>701>B8;8AL > "A?CA:>2>< :@NG:5", 70?CA:0NI5< :><?;5:A =>2KE 459AB289, 0 2> 2B>@><  @50;L=0O ?@0:B8:0 2KO28;0 @O4 ?@5?OBAB289 8 2>7@065=89 >B45;L=KE G0AB59. !=>20 >@30=87C9B5 A>1@0=85 8 2KOA=8B5 2>7=8:=C2H85 70B@C4=5=8O. >2B>@=K5 A>25I0=8O =C6=> ?@>2>48BL 8 2 A;CG05 CA?5E0 4;O C25;8G5=8O G8A;0 =>2KE B8?>2 ?>2545=8O 8 40;L=59H53> ?>2KH5=8O MDD5:B82=>AB8 A>2<5AB=KE 459AB289. C4LB5 3>B>2K : =5>6840==>ABO<. 0AH0;82H85AO AB5@5>B8?K <5=O @072;5:0;8 2A5 CB@> A2>59 G5E0@4>9 8 =5?@82KG=K< ?>@O4:>< 459AB289, 0 70B5< 70AB028;8 ?@>5E0BL <8<> @>4=>9 >AB0=>2:8, =0 :>B>@>9 O 3>40<8 2KE>6C ?> ?CB8 =0 @01>BC. ICI5=8O 1K;8 A=>3AH810B5;L=K5: O 2A5 ?>=8<0;, => =8G53> =5 <>3 ?>45;0BL. / =8:C40 =5 >?>740; (>1 MB>< >=8 ?>701>B8;8AL), => 2A5 2@5<O =0E>48;AO 2 =5A:>;L:> >H0@0H5==>< A>AB>O=88 8 ?>AB>O==> 3;C?> E8E8:0;. >B :>340 O =0 ?@0:B8:5 C1548;AO, :B> =0AB>OI85 E>7O520 2 <>5< "4><5". 5?@8OB=K5 ?@82KG:8, :0: ?@028;>, 8=48284C0;K. ! =8<8 <>6=> 4>3>2>@8BLAO, 5A;8 ?>=OBL 8E ?>78B82=K5 F5;8. N10O :><?C;LA8O (=5?@>872>;L=>5 459AB285) 2A5340 =0?@02;5=0 8 ?@8=>A8B (8;8 ?@8=>A8;0 @0=LH5) ;8G=>AB8 BC 8;8 8=CN O2=CN 8;8 =5O2=CN (2B>@8G=CN) 2K3>4C.  >B;8G85 >B AB5@5>B8?>2 ?>2545=8O, :><?C;LA88 8 2@54=K5 ?@82KG:8 2 :0G5AB25 ?@><56CB>G=>9 F5;8 >1O70B5;L=> 8<5NB ?>;CG5=85 GC2AB20 C4>2>;LAB28O >B A2>8E 459AB289. >A:>;L:C 20H0 =>20O F5;L 2 >?@545;5==>< A<KA;5 B0 65, 8<55BAO >A=>20 4;O ?5@53>2>@>2. !;54C5B 8<5BL 2 284C, GB>, :;0AA8D8F8@CO 40==CN AC1;8G=>ABL :0: 2@54=>5 459AB285, 2K 70254><> >:07K205B5AL A =59 2 :>=D@>=B0F88. >MB><C A=0G0;0 CAB0=>28B5 A =59 E>BL :0:85 =8 1C4L >B=>H5=8O, 0 ?>B>< ?5@52548B5 8E 2 ?@>4C:B82=K5 8 4>25@8B5;L=K5. >A?@>872548B5 ?@>1;5<=K5 459AB28O 8 2K@078B5 A2>5 2>AE8I5=85 8E A>25@H5=AB2><, A2>5>1@0785< 8 MDD5:B82=>ABLN. >1;03>40@8B5 70 4>AB02;5==>5 C4>2>;LAB285 8 2K@078B5 65;0=85 ?>>1I0BLAO. 1KG=> >=8 @5038@CNB ?>78B82=>, 5A;8 GC2AB2CNB 20HC 8A:@5==>ABL 8 >BACBAB285 2@06451=>AB8. 'B>1K =5 :@828BL 4CH>9, ?@54AB02LB5 A515, GB> MB> <0;5=L:89 @515=>:, >BAB0820NI89 A2>N =57028A8<>ABL 8 ?@>O2;ONI89 2 MB>< =54N68==K5 A?>A>1=>AB8 8 2K4C<:C. >AB0@09B5AL 30;;NF8=8@>20BL :><?C;LA8N 2 =5>184=>< 4;O =55 >1@075. >OA=8B5 59, GB> 20H8 F5;8 87<5=8;8AL 8 G0AB8G=> A>2?0;8 A 55 8=B5@5A0<8 2 ?;0=5 ?>;CG5=8O C4>2>;LAB28O >B 2A5E <><5=B>2 687=8. >MB><C 2K E>B8B5, GB>1K >=0 ?>45;8;0AL A 20<8 >?KB><. >8=B5@5AC9B5AL, C<55B ;8 >=0 ?>;CG0BL ?@8OB=K5 >ICI5=8O 8 4@C38<8 A?>A>10<8, 7=05B ;8 >=0 A2>N :>=5G=CN F5;L. >?@>A8B5 55 @0AA:070BL 8;8 ?>:070BL 20<, 2 G5< >=0 70:;NG05BAO. !?@>A8B5 55, E>G5B ;8 >=0 ?>;CG0BL =5 <5=55 A8;L=>5 C4>2>;LAB285 ?@8 4>AB865=88 MB>9 65 F5;8 4@C38<8 ?@85<;5<K<8 4;O =55 8 4;O 20A A?>A>10<8. A;8 ?@>72CG8B O2=>5 A>3;0A85, >B?@02LB5 55 : B2>@G5A:>9 G0AB8 8 40;55 459AB2C9B5 ?> AB0=40@B=>9 ?@>F54C@5. A;8 >=0 =5 C25@5=0 8;8 =5 7=05B A2>59 :>=5G=>9 F5;8 (701K;0, 154=0O), A?@>A8B5 55 2>B > G5<. >340 >=0 ?>;=>ABLN 4>AB83=5B MB>9 =58725AB=>9 F5;8, GB> 1K >=0 E>B5;0 ?>A;5 MB>3> 45;0BL 8 G53> 4>1820BLAO? -B8< 2K 70AB028B5 55 AD>@<C;8@>20BL 70<5I0NICN F5;L !2. 0;55 A?@>A8B5, 7=05B ;8 >=0 4>AB0B>G=>5 G8A;> A?>A>1>2 4;O 4>AB865=8O =>2>9 F5;8, <8=CO ?@>1;5<=>5 ?>2545=85. @8 ;N1>< >B25B5 ?@54;>68B5 @0AH8@8BL MB>B ?5@5G5=L 8 >B>H;8B5 55 : B2>@G5A:>9 G0AB8 A =0:07>< 2K1@0BL 5I5 =5 <5=55 B@5E MDD5:B82=KE A?>A>1>2 ?>2545=8O, :>B>@K5 1C4CB 4>AB02;OBL =5 <5=55 A8;L=>5 C4>2>;LAB285, G5< ?@56=55. > 55 2>72@0I5=88 C1548B5AL, GB> 2A5 2 ?>@O4:5 8 4>3>2>@8B5AL > 40;L=59H59 :>>?5@0F88. A;8 2A5 ?@>945B C40G=>, 2K ?>;CG8B5 A8;L=59H53> 8 =0456=59H53> A>N7=8:0. @54=K5 ?@82KG:8 > A8E ?>@ @5GL H;0 >1 8=B53@0F88 @07=>3> @>40 AB5@5>B8?>2. 0?><=N ACBL. 7@>A;K9 G5;>25: 4;O :064>9 A8BC0F88 8<55B CAB>O2HCNAO ?@>3@0<<C 459AB289. 5 @50;870F8N >ACI5AB2;O5B >1>A>1;5==0O G0ABL ;8G=>AB8, =07K205<0O 2 40==>9 @01>B5 ?@>5:F859 8;8 AC1;8G=>ABLN. >;LH8=AB2> 87 =8E 2K?>;=ONB A2>8 >1O70==>AB8 C4>2;5B2>@8B5;L=>, E>BO >1;040NB <0;K< G8A;>< 20@80=B>2 459AB289, G8A;> 8 MDD5:B82=>ABL :>B>@KE <>65B 1KBL ACI5AB25==> ?>2KH5=K. C45< =07K20BL B0:85 ?@>5:F88 4@C65AB25==K<8. E DC=:F8>=8@>20=85, ?> :@09=59 <5@5, =5 2K7K205B =5?@8OB=KE M<>F89. =CB@5==55 =5C4>2>;LAB285 A2845B5;LAB2C5B ;81> > =5MDD5:B82=>AB8 40==>9 ?@>3@0<<K 459AB289, ;81> > :>=D;8:B5 A 4@C38<8 ?@>5:F8O<8. "@5=8O E0@0:B5@=K 4;O @02=>25;8:8E AC1;8G=>AB59. !?>@ >1KG=> 2545BAO > ?>@O4:5 2K?>;=5=8O 8E 459AB289 8;8 ?> ?>2>4C 8E ?;>E>9 A>3;0A>20==>AB8. "5E=8:0 287C0;L=>9 8=B53@0F88 4>AB0B>G=> ?@>AB> CAB@0=O5B ?>4>1=K5 :>=D;8:BK. @8 =0G0;L=>< >A2>5=88 MB>9 <5B>48:8 65;0B5;L=> 8<5BL @C:>2>48B5;O 8;8 ?>=8<0NI53> ?><>I=8:0. !8BC0F8O 7=0G8B5;L=> >A;>6=O5BAO, 5A;8 @5GL 845B > =5A>2<5AB8<>AB8 G0AB59 ;8G=>AB8. 5 ?@87=0:0<8 O2;ONBAO >G5=L A8;L=K5 =530B82=K5 M<>F88, ?>AB>O==>5 871530=85 :>=:@5B=KE A8BC0F89, 2KB5A=5=85 87 ?0<OB8 ?>4@>1=>AB59 A>25@H5==KE 459AB289.  ?@545;L=KE A;CG0OE ?@>O2;O5BAO :@09=OO 48AA>F80F8O: G5;>25: 8A:@5==5 AG8B05B, GB> >= MB>3> =5 45;0;, A>1KB85 ?>;=>ABLN 701KB>. @82;5G5=85 2>;52>3> @5AC@A0 4;O 70?@5I5=8O :0:8E ;81> 459AB289, 3>2>@8B > B><, GB> ?@54?@8=8<05BAO ?>?KB:0 >1J548=5=8O =5A:>;L:8E AC1;8G=>AB59 4;O C=8GB>65=8O =5?@8OB5;O. 0?><=N, GB> A0<>@5D;5:A8@CNI55 "/" 8 5ABL >1;0ABL :>=A>;840F88 >1J548=ONI8EAO ?@>5:F89, ?>MB><C 2K B0: 65 2:;NG5=K 2 1>52K5 459AB28O 2 :0G5AB25 :>>@48=0B>@0 CA8;89. -B> :@09=5 =5?@>4C:B82=> 8 =5MDD5:B82=>. ><C 2 3>;>2C ?@845B 2>520BL A A>1AB25==K< CE><? 0=>AO 5<C C40@K 8, 4065 0<?CB8@CO, 2K ?@8G8=O5B5 CI5@1 2A5<C >@30=87<C, 457>@30=87CN 53> DC=:F88.  70?04=>9 3C<0=8AB8G5A:>9 :C;LBC@5 2>9=0 4>?CAB8<0 B>;L:> 2 A;CG05 2=5H=59 03@5AA88. > 254L 2 40==>< A;CG05 03@5AA>@>< O2;O5BAO 20H0 :>0;8F8O! "0: GB> 45;0BL A 873>O<8 8 B5@@>@8AB0<8? 8:>8< >1@07>< =5 ?@8<5=OBL =0A8;LAB25==KE 459AB289. >?@>AK > B><, 2 G5< A8;0 ?@>B82=8:0, >B:C40 >= G5@?05B A8;K, =0=>AO 20< @53C;O@=K5 ?>@065=8O, >B:C40 >= 27O;AO, O2;ONBAO =5@5AC@A=K<8 8 A2845B5;LAB2CNB > ?>;=>< >BB>@65=88 A>1AB25==>9 G0AB8 ;8G=>AB8. >?@>A =04> AB028BL 2 ?@03<0B8G5A:>9 ?;>A:>AB8: 'B> =C6=> A45;0BL, GB>1K A =59 >1J548=8BLAO? >-?5@2KE, >A>7=09B5 8 ?@87=09B5, GB> 8<5==> 2K 7;>C?>B@51;O5B5 0;:>3>;5<, :C@8B5, ?5@55405B5, >18605B5 1;87:8E, 2@5B5, 2545B5 A51O :0: ?>A;54=OO A2>;>GL (?>4AB02LB5 =C6=>5). "0:8< >1@07>< 2K ?@8=8<05B5 =0 A51O >B25BAB25==>ABL 70 2A5 459AB28O 8 >1JO2;O5B5 ?5@5<8@85. >-2B>@KE, >F5=8B5 ?>;>68B5;L=K5 :0G5AB20 A2>59 AC1;8G=>AB8: =5A38105<CN A8;C, @53C;O@=> ?@82>4OICN : ?>1540<; 87>I@5==>ABL 459AB289 8 >3@><=>5 G8A;> 20@80=B>2 8E >ACI5AB2;5=8O, ?@82>4OI8E : ?>;CG5=8N A8N<8=CB=>3> C4>2>;LAB28O 8 2B>@8G=>9 2K3>4K (M9D>@8O >B 0;:>3>;O, ?@8OB=>5 >1I5=85 A ?@8OB5;O<8  :C@8;LI8:0<8, >BACBAB285 =5>1E>48<>AB8 A;548BL 70 A2>59 2=5H=>ABLN ?@8 >68@5=88 8 C4>2>;LAB285 >B 54K, >ICI5=85 A2>59 ?>;=>9 ?@02>BK ?@8 A:0=40;0E, A8N<8=CB=>5 871530=85 ?@>1;5< ?@8 2@0=L5, GC2AB2> 2A54>72>;5==>AB8 ?@8 <5@7:>< ?>2545=88 8 B.4.); 4@C385 @5AC@AK, B0: =5>1E>48<K5 2A59 ;8G=>AB8 2 F5;><. 'B>1K ?>;CG8BL ?>;=K9 A?8A>: 55 4>AB>8=AB2, ?@54AB02LB5, GB> 20< MB> ?>2545=85 1>;55 =54>ABC?=>. 0AA<>B@8B5 :0: <>6=> 1>;LH5 A8BC0F89, 2 :>B>@KE @0=LH5 1K;> B0:, 0 B5?5@L MB>3> =5B. 'B> 2K ?>B5@O;8, :0: MB> <>6=> 2>7<5AB8BL 8=K< >1@07><? 57C;LB0BK 8AA;54>20=89 >1O70B5;L=> 70?8H8B5 2 1;>:=>B. >7L<8B5AL 70 0<C;5B 8 ?>?KB09B5AL ?@84C<0BL, :0:85 4@C385 284K ?>2545=8O <>3CB ?@825AB8 : B5< 65 ?@8OB=K< >ICI5=8O< 8 : B>9 65 2B>@8G=>9 2K3>45. A;8 2K =0H;8 >B25BK =0 2A5 2>?@>AK  E>@>H>, 5A;8 G0AB8G=>  B>65 =5?;>E>, 5A;8 GC2AB2C5B5, GB> ?@84C<0==>3> O2=> =54>AB0B>G=>, 25@=8B5AL : ?@>1;5<5 ?>765, =5 701K20O 70?8AK20BL =0E>4:8.  40==>9 A8BC0F88 BI0B5;L=>ABL ?>43>B>2:8  70;>3 CA?5E0. B0:, 2K 3>B>2K. >948B5 2 @5AC@A=>5 A>AB>O=85 "1;03>65;0B5;L=>3> @>48B5;O". #AB0=>28B5 :>=B0:B A> A2>59 ?@>5:F859. >AB0@09B5AL ?@54AB028BL 55 2 ?@8;8G=>< 2845. K@078B5 59 A2>5 2>AE8I5=85 8 ?5@5G8A;8B5 2A5 55 ?>;>68B5;L=K5 :0G5AB20. >1;03>40@8B5 70 4>AB02;5==>5 C4>2>;LAB285 8 ?>8=B5@5AC9B5AL, 2 G5< >=0 2848B A2>8 DC=:F8N 8 F5;L. A;8 ?>;CG5==0O 8=D>@<0F8O =5 ?@>B82>@5G8B ?5@2>=0G0;L=K< ?>4>7@5=8O<, ?@54;>68B5 59 >1J548=8BL CA8;8O 4;O >A2>5=8O 1>;LH53> G8A;0 A?>A>1>2 ?>;CG5=8O C4>2>;LAB28O. A;8 >B25B AC1;8G=>AB8 ?> ?>2>4C 55 DC=:F88 8 F5;8 >:070;AO 4;O 20A =5>6840==K<, 8;8 >=0 >B:07K205BAO A>B@C4=8G0BL, ?>1;03>40@8B5 55 70 >1I5=85 8 ?@>4>;68B5 ?@5420@8B5;L=CN ?>43>B>2:C.  A;CG05 55 A>3;0A8O, ?5@5G8A;8B5 2A5 8725AB=K5 20< 2B>@8G=K5 2K3>4K 8 CB>G=8B5, =5 ?@>?CAB8;8 ;8 2K GB>-=81C4L. 1JOA=8B5, GB> :@><5 C4>2>;LAB28O 8 2K3>4K, B0: 65 8<5NB <5AB> =5C4>2>;LAB285 8 2B>@8G=K9 2@54. @54;>68B5 59 B0: <>48D8F8@>20BL 459AB28O, GB>1K CA8;8BL ?>78B82 8 871560BL =530B820. 5@5G8A;8B5 59 A2>8 20@80=BK 459AB289 8 ?@54;>68B5 8E >F5=8BL. 70<5= >B25@3=CBKE ?@54;>65=89 ?>?@>A8B5 AC1;8G=>ABL 2KA:070BL A2>8 A>>1@065=8O. K@078B5 A2>5 A>3;0A85 8;8 =5A>3;0A85 ?> :064><C 20@80=BC. 1AC48B5, :0:85 =530B82=K5 ?>A;54AB28O 4;O 20A <>3CB 2>7=8:=CBL ?@8 >B:075 >B ?@82KG=KE AB5@5>B8?>2 ?>2545=8O 8 :0: 8E <>6=> 871560BL. ;O C25;8G5=8O G8A;0 ?@85<;5<KE 70<5I0NI8E 459AB289 >B?@02LB5 55 : B2>@G5A:>9 G0AB8 8 ?>?@>A8B5 >B>1@0BL =081>;LH55 G8A;> B8?>2 ?>2545=8O, ?@8=>AOI8E B0:85 65 C4>2>;LAB285 8 2B>@8G=CN 2K3>4C. 0B5< ?>?@>A8B5 55 ?@>B5AB8@>20BL, E20B05B ;8 =>2KE @5AC@A>2 2> 2A5E 2>7<>6=KE A8BC0F8OE, 8 :0:85 2=5H=85 D0:B>@K 1C4CB 70?CA:0BL =>2K5 459AB28O.  70:;NG5=85 ?>;CG8B5 C =55 A>3;0A85 ?>?@>1>20BL 2 B5G5=85 42CE  B@5E =545;L 871530BL AB0@>3> ?>2545=8O, 70<5I0O 53> =>2K<. A;8 ?> >:>=G0=88 A@>:0 AB0@K9 20@80=B ?>:065BAO ?@54?>GB8B5;L=K<, B> >=0 1C45B 2>;L=0 : =5<C 25@=CBLAO, 0 2K  ?@>4>;68BL ?>?KB:8 4>AB865=8O :>=A5=ACA0. >?@>A8B5 55 2 :064>< 70B@C4=8B5;L=>< A;CG05 >1@0I0BL =0 MB> 20H5 2=8<0=85 8 30@0=B8@C9B5 A2>N ?><>IL. ;O MB>3> @07@5H8B5 59 2 ?@>1;5<=KE A8BC0F8OE >2;04520BL @C:>9 8 ?@8:0A0BLAO : 0<C;5BC. -B8< 1C4CB 4>AB830BLAO 425 F5;8: ?@82;5G5=85 20H53> 2=8<0=8O : A8BC0F88 8 >1I89 4>ABC? : =5>1E>48<K< @5AC@A0<. >1;03>40@8B5 ?@>5:F8N 70 A>B@C4=8G5AB2> 8 >15I09B5 2AOG5A:>5 A>459AB285. !45;09B5 59 70102=K9 28@BC0;L=K9 ?>40@>:. 5 701C4LB5 70?8A0BL 2 1;>:=>B 2A5 ?>4@>1=>AB8 ?@>87>H54H53> 8 20H5 >15I0=85 25@=CBLAO : >1AC645=8N A8BC0F88 G5@57 >3>2>@5==>5 2@5<O. A;8 ?5@59B8 : =>2><C ?>2545=8N =5 C40;>AL 8;8 >=> 25@=C;>AL : AB0@><C, =5 C=K209B5. @8<8B5 =0 A51O >B25BAB25==>ABL 70 =5C40GC, A45;09B5 2K2>4K 8 ?>43>B>2LB5AL : ?>2B>@=>9 ?@>F54C@5 1>;55 BI0B5;L=>. 45AL C<5AB=> ?@825AB8 5I5 425 B5E=8:8 ?@5>1@07>20=8O 2@54=KE ?@82KG5: 8 =565;0B5;L=>3> ?>2545=8O. =8 O2;ONBAO @07=>284=>ABO<8 ?@85<>2, 8A?>;L7C5<KE =0 B@5BL59 ABC?5=8 8=B53@0F88, ?>MB><C 2 40==>< @0745;5 40NBAO :@0B:> 2 G8AB> ?@8:;04=>< 0A?5:B5. ;O B5E, :B> C<55B CAB>9G82> 287C0;878@>20BL, <>65B ?>4>9B8 B5E=8:0 "27<0E0". 0< =C6=> A>740BL 420 O@:8E >1@070. 5@2K9 8E =8E 0AA>F88@>20==K9 (:0: MB> 284OB 20H8 3;070) 4>;65= >B@078BL B>, GB> 2K >1O70B5;L=> =01;N405B5 2 =0G0;L=K9 <><5=B 0:B82870F88 2@54=>9 ?@82KG:8. -B> <>65B 1KBL @C:0, BO=CI0OAO : 425@F5 E>;>48;L=8:0, : ?0G:5 A830@5B, : 1CBK;:5; >A>1>5 2K@065=85 ;8F0 :>=:@5B=>3> G5;>25:0, ?@>2>F8@CNI55 C 20A 27@K2 >B@8F0B5;L=KE M<>F89; B>, GB> 1K205B 2 B0:8E A;CG0OE 2A5340. 07<5AB8B5 @O4>< A MB>9 :0@B8=:>9 4@C3CN ?>E>6CN ?> 284C, => =59B@0;L=CN ?> A>45@60=8N (20H0 @C:0 BO=5BAO : H0@8:>2>9 @CG:5, 1CBK;:5 <>;>:0, B> 65 ;8F>, A >1KG=K< 2K@065=85< 8 B.?.). ?@545;8B5 >A=>2=K5 @07;8G8O <564C 87>1@065=8O<8 8 2KG8A;8B5 B5 87 =8E, :>B>@K5 45;0NB ?5@2CN :0@B8=:C 2>71C640NI59 (@07<5@ 87>1@065=8O, @0AAB>O=85 4> >1J5:B0, ?>;>65=85 2 ?@>AB@0=AB25, O@:>ABL, F25B 8 B.4.). KO28B5 420 >A=>2=KE ?0@0<5B@0, =081>;55 A8;L=> 2;8ONI8E =0 >ICI5=8O, ?@8 >?B8<0;L=>< 7=0G5=88 :>B>@KE :0@B8=:0 70AB02;O5B 20A "18BL :>?KB><". B>@>9 >1@07  MB> 284 A0<>3> A51O, C65 =5 8<5NI53> 2@54=>9 ?@82KG:8. ;O4O =0 A2>5 87>1@065=85, 2K 4>;6=K GC2AB2>20BL, GB> =>2>5 A>AB>O=85 4>AB02;O5B >3@><=>5 C4>2>;LAB285 8 >B 20A "?KH5B" C25@5==>ABLN 2 A2>8E A8;0E. 5>F5=8<CN ?><>IL 2 D>@<8@>20=88 2B>@>3> >1@070 >:065B 0<C;5B. :B82878@C9B5 70;>65==K5 2 =53> @5AC@AK 8 ?@54AB02LB5 A515 7=0:><>3> 8;8 :8=>35@>O, 4;O :>B>@>3> >BACBAB285 MB>9 2@54=>9 ?@82KG:8  G5@B0 E0@0:B5@0. 6828B5AL 2 MBC @>;L 8 >ICB8B5 GC2AB2> C25@5==>AB8 8 ?@52>AE>4AB20 =04 B5<8, :B> AB@0405B MB8< =54>AB0B:><. >?@>1C9B5 ?@54AB028BL :>3> =8 1C4L 5I5 A B5<8 65 :0G5AB20<8. 0:0G8209B5 @5AC@A 4> B5E ?>@, ?>:0 >1@07 !2 =5 =0G=5B "A>G8BLAO" >B MB8E >ICI5=89. -B> 87>1@065=85 4>;6=> 20A ?@8BO3820BL :0: <03=8B. ;O ?@545;L=>3> CA8;5=8O MB8E GC2AB2 >B@53C;8@C9B5 @0=55 >?@545;5==K5 4;O 87>1@065=8O !1 ?0@0<5B@K (AC1<>40;L=>AB8). "5?5@L <>6=> =0G8=0BL "27<0E". >@O4>: 459AB289 A;54CNI89. @54AB02LB5 A515 ?5@2K9 >1@07, 70?CA:0NI89 4C@=CN ?@82KG:C. = 4>;65= 1KBL 0AA>F88@>20==K< 8 2K7K20BL 65;0=85 =5<54;5==> A>3@5H8BL.  :0:>< ;81> 53> B5<=>< <5AB5 @07<5AB8B5 C<5=LH5==>5 4> B>G:8 2B>@>5 87>1@065=85. ! <0:A8<0;L=>9 A:>@>ABLN 87<5=O9B5 425 :@8B8G5A:85 AC1<>40;L=>AB8. ;O ?5@2>9 :0@B8=:C 2 AB>@>=C >A;01;5=8O GC2AB2, 4;O 2B>@>9  2 =0?@02;5=88 8E ?@545;L=>3> >1>AB@5=8O. @8 MB>< 2B>@>5 87>1@065=85 4>;6=> 27@K2>< 70=OBL <5AB> ?5@2>3>. @>F5AA =5 4>;65= 4;8BLAO 4>;LH5 A5:C=4K, 53> 70?CA: A8=E@>=878@C9B5 A 42865=85< 20H59 @C:8 : B0;8A<0=C, 2:;NG0NI5<C B@51C5<K5 @5AC@AK. B?CAB8B5 0<C;5B 8 >3;O48B5AL 2>:@C3. >2B>@8B5 "27<0E" 5-8 @07 A 2A5 1>;LH59 A:>@>ABLN, =5 701K20O :064K9 @07 AB8@0BL 2A5 87>1@065=8O. @>F5AA <>6=> ?@5:@0B8BL, 5A;8 2>7=8:=CB 70B@C4=5=8O A 2>AAB0=>2;5=85< ?5@2>3> >1@070: 53> B@C4=> 2K720BL 8;8 >= :@09=5 =5AB018;5=. >A848B5 A?>:>9=> =5A:>;L:> <8=CB, @073;O4K20O A2>9 @5AC@A=K9 >1@07. >?@>1C9B5 >F5=8BL, AB0; ;8 >= 1>;55 "682K<" 8 GB> 2 =5< 87<5=8;>AL ?>A;5 "27<0E0". >?@>1C9B5 2>AAB0=>28BL ?5@2CN :0@B8=:C. A;8 >=0 B5?5@L =5 2K7K205B ?>7K20 : 459AB28N 8 2K3;O48B =59B@0;L=> 8;8 2>>1I5 8AG57;0  ?>74@02;ON, 2K ?>;=>ABLN 871028;8AL >B 2@54=>9 ?@82KG:8! 5:><5=4CN =570<54;8B5;L=> C1548BLAO 2 MB>< =0 ?@0:B8:5. ?8A0==0O B5E=8:0, :@><5 B>3>, GB> >=0 1KAB@0 8 A@02=8B5;L=> ?@>AB0, 70<5G0B5;L=0 B5<, GB> 2K 87 >4=>3> CAB>9G82>3> A>AB>O=8O A:0G:>< ?5@5E>48B5 2 4@C3>5. @8 MB>< 2K 8A?KBK205B5 =5 <5=55 A8;L=>5 C4>2>;LAB285 >B =0ABC?82H59 A2>1>4K, G5< >B 4C@=>9 ?@82KG:8.  A>60;5=8N, 40==0O B5E=8:0 B@51C5B =0;8G8O >?@545;5==>3> >?KB0 8 =5:>B>@KE B0;0=B>2. @8 >BACBAB288 >=KE, <>6=> ?>9B8 >:>;L=K< ?CB5<. A?><=8B5 ?5@2K9 A;CG09, :>340 1K;0 A?@>2>F8@>20=0 MB0 ?@82KG:0, ?5@56828B5 53> 2 <5;LG09H8E ?>4@>1=>ABOE 8 ?>4C<09B5, :0:85 1K 20< B>340 ?>=04>18;8AL :0G5AB20 8 7=0=8O, GB>1K MB> ?>2545=85 =5 AB0;> CAB>9G82K<, 0 2<5AB> =53> 2>7=8:;> 1K 4@C3>5, ?@8=>AOI55 B5 65 2B>@8G=K5 2K3>4K. 0?@8<5@, 5A;8 1K @O4>< A 20<8 >:070;AO 02B>@8B5B=K9 4;O 20A G5;>25: 8 ?@54>AB5@53 >B ?>4>1=KE 459AB289, 8;8 20< 4>AB0;> 1K C<0 8 @5H8<>AB8 >B:070BLAO >B =8E A0<><C. ?@545;8B5, :B> :@><5 20A 83@0; 2 MB>< M?87>45 >?@545;ONICN @>;L, 8 :0:>2K 1K;8 53> <>B82K. A;8 =5 C405BAO 2A?><=8BL A0<K9 ?5@2K9 M?87>4, 2ABC?8B5 2 :>=B0:B A ?@>1;5<=>9 AC1;8G=>ABLN 8 256;82> ?>?@>A8B5 55 =0?><=8BL 20< E>4 A>1KB89. =0-B> 8<55B 4>ABC? : MB8< 2>A?><8=0=8O< 8 <>65B 2>A?@>8725AB8 20< A8BC0F8N 2> 2A5E ?>4@>1=>ABOE. @>3;O48B5 M?87>4 3;070<8 2B>@>3> 459AB2CNI53> ;8F0 8 ?>9<8B5, :0:85 >= 8<5; <>B82K ?> >B=>H5=8N : 20<. @>A<>B@8B5 A>1KB85 3;070<8 =57028A8<>3> =01;N40B5;O, MB> ?><>65B 20< CB>G=8BL 8AB8==K9 A<KA; ?@>8AE>482H8E A>1KB89. !>>1@078B5, :0:85 =C6=K @5AC@AK 2A5< 459AB2CNI8< ;8F0<, GB>1K A8BC0F8O @072820;0AL =081>;55 >?B8<0;L=K< ?CB5<. 045;8B5 2A5E MB8<8 :0G5AB20<8 8 >F5=8B5 87 ?>78F88 ?>AB>@>==53> =01;N40B5;O, :0: B5?5@L @072820NBAO A>1KB8O, <>6=> ;8 8E 5I5 >B@540:B8@>20BL. A;8 2A5 70<5G0B5;L=>, ?@>6828B5 M?87>4 >B ?5@2>3> ;8F0, >1;040NI53> 2A5<8 =C6=K<8 @5AC@A0<8 8 A2>1>4>9 2K1>@0 >B25B=>9 @50:F88. #B>G=8B5 5I5 @07, 1K;> ;8 40==>5 A>1KB85 A0<K< ?5@2K< 2 F5?>G:5 D>@<8@>20=85 2@54=>9 ?@82KG:8, 8;8 5ABL 5I5 1>;55 @0==55.  ?>A;54=5< A;CG05 ?>2B>@8B5 ?@>F54C@C 4> B5E ?>@, ?>:0 =5 ?@>@01>B05B5 459AB28B5;L=> ?5@2>=0G0;L=K9 M?87>4. "5?5@L, >1;040O =>2K< ?>2545=85<, 1KAB@> ?@>3;O48B5, :0: 87<5=8;8AL A>1KB8O 20H59 687=8, 5A;8 C 20A B>340 =5 1K;> MB>9 ?>B@51=>AB8. @8 =5>1E>48<>AB8 87<5=O9B5 A>45@60=85 2>A?><8=0=89 >?8A0==K< >1@07><. > >:>=G0=88 ?@>F5AA0 2ABC?8B5 2 :>=B0:B A ?@>1;5<=>9 AC1;8G=>ABLN 8 C7=09B5, :0: 87<5=8;8AL 55 DC=:F8O 8 F5;L. A;8 >=0 70B@C4=O5BAO A D>@<C;8@>2:0<8, A?@>A8B5, G5< 1K >=0 B5?5@L E>B5;0 70=OBLAO. 1AC48B5 MB>B 2>?@>A 8 =0948B5 ?@85<;5<>5 @5H5=85. ><>38B5 59 2K1@0BL =>2K5 20@80=BK ?>2545=8O A ?><>ILN B2>@G5A:>9 G0AB8. A;8 =8 >4=0 87 >?8A0==KE ?@>F54C@ =5 ?@825;0 : ?>;=><C CA?5EC, =5 >3>@G09B5AL. !:>@55 2A53>, C 20A =5 E20B05B >?KB0 @50;870F88 MB8E B5E=8:, 8 345-B> 1K;0 4>?CI5=0 >H81:0. ?KB  45;> =0682=>5. @C3>9 2>7<>6=>9 ?@8G8=>9 2@5<5==KE =5C40G <>3CB 1KBL >3@0=8G820NI85 C15645=8O: "/ MB>3> =5 A<>3C A45;0BL", 8;8 "# <5=O MB> =5 ?>;CG8BAO". 0: A =8<8 1>@>BLAO, C7=05B5 ?>74=55. 0 40==>< MB0?5 2@5<5==> ?@5:@0B8B5 @01>BC A 2@54=K<8 ?@82KG:0<8, ?@8<8B5 =0 A51O >B25BAB25==>ABL 70 8E ?>A;54AB28O 8 =0A;06409B5AL C4>2>;LAB285<, :>B>@>5 >=8 20< 4>AB02;ONB. "@5BLO ABC?5=L 045NAL, GB> G8B0B5;L =0 A>1AB25==>< >?KB5 C1548;AO, GB> 53> ;8G=>ABL 8<55B A;>6=CN AB@C:BC@C, M;5<5=BK :>B>@>9 >1;040NB 87@O4=>9 A0<>AB>OB5;L=>ABLN. =8 <>3CB :>>?5@8@>20BLAO 8;8 :>=D;8:B>20BL. 0640O 87 =8E ?@8720=0 A>25@H0BL >?@545;5==K5 459AB28O 4;O C4>2;5B2>@5=8O :>=:@5B=KE ?>B@51=>AB59. >A;54=85 <>3CB 1KBL ?>4@0745;5=K =0 D878>;>38G5A:85 8 :C;LBC@>;>38G5A:85. @54=K5 ?@82KG:8 O2;ONBAO ?@58<CI5AB25==> D878>;>38G5A:8<8 8 A2O70=K A =08<5=55 A>7=0B5;L=>9 G0ABLN ;8G=>AB8  D878>;>38G5A:8<8 DC=:F8O<8 >@30=87<0. E A8;0 >?@545;O5BAO :@0BG09H59 F5?>G:>9 AB8<C;-C4>2>;LAB285, =5 ?>440NI59AO A>7=0B5;L=><C :>=B@>;N. C;LBC@>;>38G5A:85 AB5@5>B8?K ?>2545=8O 1>;55 A;>6=> >@30=87>20=K 8 A2O70=K A 2>A?8B0=85< (>?KB><), C15645=8O<8 8 25@>20=8O<8. G5284=>, GB> 8E <>48D8:0F8O =52>7<>6=0 157 87<5=5=89 2 ?5@5G8A;5==KE 3;C18==KE AB@C:BC@0E. !>1AB25==> "/", D>:CA 2=8<0=8O ;8G=>AB8, A2O70= A 4CE>2=>9 AB@C:BC@>9 8 >F5=8205B A>1KB8O 8 459AB28O ?> :@8B5@8O< 4>1@0 8 7;0. 1KG=> MB> ?@>8AE>48B ?>ABD0:BC<. ?8A0=85 8=D>@<0F8>==>9 AB@C:BC@K ;8G=>AB8 40=> 2 <>59 AB0BL5 "!B@0B5388 :><<C=8:0F88". ;O C4>1AB20 55 G0ABL ?@82545=0 2 ?@8;>65=88 : 40==>9 @01>B5. 5:><5=4CN ?@5@20BLAO 8 >7=0:><8BLAO A MB8< <0B5@80;><. G5284=>, GB> 3>@87>=B0;L=0O 8=B53@0F8O =0 C@>2=5 AC1;8G=>AB59 >3@0=8G5=0 @0<:0<8 2;8O=8O 3;C18==KE AB@C:BC@. !;54C5B >B<5B8BL, GB> :>=A>;840F8O AC1;8G=>AB59 >:07K205B 70<5B=>5 2;8O=85 =0 8=D>@<0F8>==>5 A>45@60=85 1>;55 3;C1>:8E A;>52 ;8G=>AB8, CAB@0=OO 2 =8E =5:>B>@K5 ?@>B82>@5G8O, => >1@0B=>5 2;8O=85 O2;O5BAO 1>;55 A8;L=K<. ! 4@C3>9 AB>@>=K AB@C:BC@8@>20=85 ;8G=>AB8 :@09=5 CA;>2=> 8 =54>:07C5<>.  70<5G0B5;L=>9 :=835 >15@B0 . #8;A>=0 " 20=B>20O ?A8E>;>38O" ?>:070=0 0=0;>38O <564C 2=CB@5==8< <8@>< ;8G=>AB8 8 :20=B>2>9 <5E0=8:>9.  B0< 8 B0<, 2 >B;8G85 >B "@50;L=>3>" <8@0, =8:B> 2>>G8N =5 =01;N40; M;5<5=BK AB@C:BC@. ?8A0=8O ?@>8AE>4OI8E ?@>F5AA>2 2>7<>6=> A B>G5: 7@5=8O 480<5B@0;L=KE ?>78F89 (2>;=0 8 G0AB8F0, @5;838O 8 0B587<), 2A5 A>1KB8O =>AOB 25@>OB=>AB=K9 E0@0:B5@, ?@8ACBAB285 =01;N40B5;O :>@5==K< >1@07>< 2;8O5B =0 @57C;LB0BK ?@>F5AA>2. !?8A>: 0=0;>389 <>6=> ?@>4>;68BL. >, 5A;8 =5:>B>@0O 0=5:4>B8G=>ABL :20=B>2>9 <5E0=8:8 70:;NG05BAO 2 B><, GB> :CG0 0B><>2 (G5;>25:) A C2;5G5=85< 87CG05B A2>8 A>AB02;ONI85, B> 2 =0H5< A;CG05 A8BC0F8O 2>>1I5 1@54>20O: =5GB>, A0<> ACI5AB2>20=85 :>53> =5 4>:070=> M:A?5@8<5=B0;L=>, 87CG05B A2>8 M;5<5=BK, ?>?CB=> 1572>72@0B=> 87<5=OO 8E A0<8E 8 8E 2708<>459AB285. 8:0:>9 ?A8E>;>38G5A:89 M:A?5@8<5=B =5;L7O ?>2B>@8BL A 25@>OB=>ABLN A>2?045=8O 100%. "5< ?>G5B=55, =5 8<5O ?>=OB8O >1 >1J5:B5 2>7459AB28O, ?>;CG0BL :>=:@5B=K5 @57C;LB0BK. >MB><C :> 2A5<C 87;0305<><C 2 40==>9 @01>B5, :0: 8 : 0=0;>38G=K< <0B5@80;0<, A;54C5B >B=>A8BLAO A:5?B8G5A:8. ?>;=5 25@>OB=>, GB> 20A 4C@0G0B 8;8 >?8AK20NB H87>D@5=8G5A:89 >?KB. "5< =5 <5=55, :0: 3>2>@OB D878:8, =5B =8G53> ?@0:B8G=59 E>@>H59 B5>@88. B0:, ?@8=O2 =0 2>>@C65=85 8=D>@<0F8>==CN AB@C:BC@C ;8G=>AB8 8 ?>@57282H8AL 2 3>@87>=B0;L=>9 ?;>A:>AB8 8=B53@0F88, ?@8ABC?8< : 55 25@B8:0;L=K< A2O7O<. ;C18==K5 8=D>@<0F8>==K5 AB@C:BC@K ?@8=F8?80;L=> >B;8G0NBAO >B ?@><56CB>G=KE, : :>8< A =0BO6:>9 <>6=> >B=5AB8 AC1;8G=>AB8.  =8E =5B ?@>F5AA0, 5ABL B>;L:> A>AB>O=85. 064>5 =>2>5 A>AB>O=85 >B<5=O5B AB0@>5, A>E@0=OO 53> A;54K B>;L:> 2 4>;3>2@5<5==>9 ?0<OB8. 8A:@5B=>ABL ACI5AB2>20=8O 1>;LH8=AB20 3;C18==KE AB@C:BC@ 2K=C6405B 2>A?@8=8<0BL 8E :0: "157;8G=>AB=K5". ! =8<8 =52>7<>6=> 15A54>20BL, <>6=> B>;L:> 2>A?@>872>48BL E@0=OICNAO 2 =8E 8=D>@<0F8N. >MB><C B5E=8:8 @01>BK A AC1;8G=>ABO<8 745AL =5 ?>4E>4OB. ;NG52K< 725=>< =0< 1C45B A;C68BL 4>;3>2@5<5==0O ?0<OBL. #4>1=> AG8B0BL, ?>A:>;L:C =8:B> =5 4>:070; >1@0B=>3>, GB> 2 =59 E@0=8BAO 8=D>@<0F8O >1> 2A5<, GB> ?@>8AE>48;> A G5;>25:>< 2 :064K9 <><5=B 53> 687=8. "5>@5B8G5A:8 :064K9 87 =0A A?>A>15= 4>A;>2=> 2>A?@>8725AB8 ;N1CN :>340 ;81> ?@>G8B0==CN :=83C, ?CABL MB> 8 1K;> 50 ;5B B><C =0704. @>1;5<0 70:;NG05BAO 2 2>7<>6=>AB8 4>ABC?0 : MB>9 8=D>@<0F88. 0<OBL <>6=> @0AA<0B@820BL :0: >3@><=K9 0@E82, 2 :>B>@>< 2AO E@0=OI0OAO 8=D>@<0F8O 8<55B @C1@8:0F8N 8 >?@545;5==CN <0@:8@>2:C. 0 AG5B MB>3> 2>A?><8=0=8O <>3CB 872;5:0BLAO <3=>25==>. >;LH0O G0ABL 2=CB@5==59 687=8 G5;>25:0 70:;NG05BAO 2 "?5@56820=88" A?>=B0==> @070@E828@CNI8EAO A>1KB89 ?@>H;>3>, 2A?;K20NI8E 4@C3 70 4@C3>< ?> =5:>B>@>9 0=0;>388. >;LH0O G0ABL ?0<OB8 =54>ABC?=0 G5;>25:C 2284C 55 A8N<8=CB=>9 =50:BC0;L=>AB8. !0< ?@>F5AA A?>=B0==KE 2>A?><8=0=89 >B@0605B ?>?KB:8 M;5<5=B>2 ;8G=>AB8 2K@01>B0BL =>2K5 MDD5:B82=K5 20@80=BK A>2<5AB=KE 459AB289. ;8 2>7=8:0NI85 >1@07K 2K7K20NB =5?@8OB=K5 M<>F88, B0:>2K5 20@80=BK =5 =0E>4OBAO, 5A;8 G5;>25: C;K105BAO 8;8 A<55BAO, MB> 7=0G8B, GB> B2>@G5A:0O G0ABL ?>4:8=C;0 @5AC@A=K9 20@80=B. C1@8:0F8O 4>;3>2@5<5==>9 ?0<OB8 ?@>8AE>48B 2 A>>B25BAB288 A ?A8E>D878G5A:8<8 A>AB>O=8O<8. >4 MB8< B5@<8=>< ?>=8<0NBAO CAB>9G82K5 ?>2545=G5A:85 ?@>O2;5=8O G5;>25:0, @07;8G0NI85AO 8=B5=A82=>ABLN D878>;>38G5A:8E ?@>F5AA>2, M<>F8>=0;L=K< 2>71C645=85< 8 C@>2=5< 0:B82870F88 A>7=0=8O.  :0G5AB25 ?@8<5@>2 <>6=> ?@825AB8 3;C1>:89 A>=, A=>2845=8O, B@0=A, 1>;57=5==>5 A>AB>O=85, 45?@5AA8N, >B4KE, @01>G89 @568<, D878G5A:8 B@C4, 70=OB8O A?>@B><, B2>@G5A:>5 A>AB>O=85, 0;:>3>;L=>5 >?LO=5=85, 03@5AA8N, @0AH8@5==>5 A>AB>O=85 A>7=0=8O. 0E>4OAL 2 45?@5AA88, G5;>25: =5 8<55B 4>ABC?0 : ?>78B82=K< 2>A?><8=0=8O<. =>385 =5 ?><=OB A>45@60=85 A=>2845=89, A2>5 ?>2545=85 ?@8 A8;L=>< 0;:>3>;L=>< >?LO=5=88. 0>1>@>B, 2> 2@5<O 2A?KH:8 03@5AA82=>AB8, 2A?><8=0NBAO 2A5 ?@54K4CI85 >184K, ?@8 45?@5AA88  B>;L:> =5C40G8.  25A5;>< A>AB>O=88 2A?><8=0NBAO 701KBK5 0=5:4>BK, 2A5 2848BAO 2 @>7>2>< F25B5. >MB><C, GB>1K ?>4@>1=> 2A?><=8BL :0:>5-;81> A>1KB85, =C6=> 2>9B8 2 B> 65 ?A8E>D878G5A:>5 A>AB>O=85. 54>ABC?=>ABL 45BA:8E 8 N=>H5A:8E 2>A?><8=0=89 A2O70=0 A B@C4=>ABLN 2>A?@>872545=8O 27@>A;K< A>AB>O=8O @515=:0, >A>15==> MB> :0A05BAO =57@5;>3> C@>2=O A>7=0=8O. "@0=A>2K5 B5E=8:8 ;53:> ?@5>4>;520NB MB>B 10@L5@, 2K7K20O 2>7@0AB=CN @53@5AA8N. ! >4=>9 AB>@>=K, M<>F8>=0;L=0O @C1@8:0F8O ?0<OB8 O2;O5BAO C4>1=>9, A 4@C3>9 AB>@>=K CAC3C1;O5B AB5?5=L 4578=B53@0F88 ;8G=>AB8. K7K205<K5 87 ?0<OB8 A>1KB8O ?> M<>F8>=0;L=>9 =0AKI5==>AB8 8 D878>;>38G5A:8< >ICI5=8O< AB>;L 65 0:BC0;L=K, GB> 8 ?@>8AE>4OI85 2 40==K9 <><5=B. >MB><C =5:>B>@K5 A>1KB8O, A>45@60I85 =081>;55 A8;L=K5 =530B82=K5 M<>F88, 87>;8@CNBAO 8 2 @0725@=CB>< 2845 ?@0:B8G5A:8 =5 2A?><8=0NBAO. "5< =5 <5=55, A0<> ACI5AB2>20=85 B0:>3> 8<?@8=B0 O2;O5BAO >3@0=8G5=85< 2=CB@5==53> <8@0. N1>9 =0<5: =0 2>7<>6=>ABL ?>2B>@5=8O ?>4>1=>9 A8BC0F88 457>@30=87C5B ?>2545=85 G5;>25:0, ?>O2;ONBAO 15A?@8G8==K5 AB@0E8 8;8 4@C385 A8;L=K5 =5<>B828@>20==K5 M<>F88. <?@8=BK ;560B 2 >A=>25 A0<KE 65AB:8E C15645=89. !>1KB8O, 0 B>G=55 8E 8=B5@?@5B0F88, E@0=OI85AO 2 4>;3>2@5<5==>9 ?0<OB8, 5ABL B>B AB@>8B5;L=K9 <0B5@80;, 87 :>B>@>3> D>@<8@CNBAO 3;C18==K5 AB@C:BC@K: ":0@B0" (>?8A0=85 2=5H=53> 8 2=CB@5==53> <8@>2), C15645=8O, 25@>20=8O 8 ?@. E <>6=> <>48D8F8@>20BL, 5A;8 87<5=8BL A>45@60=85 2>A?><8=0=89. 5GL =5 845B > D0;LA8D8:0F88 A>1KB89, E>BO 2 @O45 A;CG052 MB> ?@85<;5<>, 0 >1 87<5=5=88 8E >F5=:8 8 @07@O4:5 8=B5=A82=KE M<>F89. 0AA<>B@8< 4;O ?@8<5@0 @0A?@>AB@0=5==>5 C15645=85: <=5 2A5340 =5 2575B. => >A=>20=> =0 2K1>@>G=>< @O45 A>1KB89, >F5=5==KE :0: =52575=85. 0==>5 C15645=85 =52>7<>6=> 87<5=8BL ?@>ABK< 2KAB@0820=85< @O40 0;LB5@=0B82=KE A;CG052, 2 :>B>@KE ?@8ACBAB285 2575=8O >G5284=>. >4>1=K5 0@3C<5=BK ?0@8@CNBAO E0@0:B5@=> =5;>38G=K< 2>7@065=85<: 40, B>340 ?>257;>, => MB> 8A:;NG5=85. #15645=8O, :0: 8 25@>20=8O, >1KG=> =5 ?>440NBAO ;>38G5A:8< 0@3C<5=B0<. >, 5A;8 ?5@5A<>B@5BL >F5=>G=CN AB>@>=C A>1KB89, B> =5 >AB05BAO ?@8G8=K 4;O 8E ACI5AB2>20=8O. "0:8< >1@07><, 1>;LH8=AB2> B5E=8: "25@B8:0;L=>9" 8=B53@0F88 A2O70=> A 2>7459AB285< =0 4>;3>2@5<5==CN ?0<OBL. A;8 ?@>4>;68BL 0=0;>38N A 83@>9 2 DOOM, =0 C@>2=5 B@5BL59 ABC?5=8 8=B53@0F88 20A ?>46840NB 1>;55 03@5AA82=K5 <>=AB@K. >MB><C A;54C5B 70?0AB8AL 4>?>;=8B5;L=K< 2>>@C65=85< 8 70I8B>9. 0?><=N, GB> =0H0 F5;L =5 C1820BL, 0 ?@5>1@07>2K20BL. 0 2B>@>9 ABC?5=8 <K 8A?>;L7>20;8 420 70I8B=KE >@C68O: 0<C;5B 8 1;>:=>B, 8 >4=C AB@0B538N: 48?;><0B8N 2 >1I5=88 A AC1;8G=>ABO<8. =8 >AB0NBAO 2 20H5< @0A?>@O65=88, =5 701K209B5 ?@> =8E 8 8A?>;L7C9B5 ?> 20H5<C CA<>B@5=8N.  =8< 4>1028<: @5AC@A=>5 A>AB>O=85 (@568< ">30"), >AB0=>2:C 87>1@065=8O 8 48AA>F80F8N, 2;045=85 AC1<>40;L=>ABO<8 (<0AB5@AB2> 287C0;870F88) 8 ?0@C <038G5A:8E 70:;8=0=89. 0?><=N C65 8<5NICNAO <038G5A:CN D>@<C;C: " / E>7O8= A2>53> 2=CB@5==53> <8@0!". B0:, =0G=5< A C:@5?;5=8O @5AC@A=>3> A>AB>O=8O. A;8 2K ?@>H;8 ?@54K4CI85 ABC?5=8 8=B53@0F88, >=> C 20A C65 5ABL. C45< 8=>340 53> =07K20BL <038G5A:8<. 3> E0@0:B5@8AB8:8: C@>25=L A0<>>A>7=0=8O <0:A8<0;5=, ?@545;L=> 0:B82878@>20=K ;N1>?KBAB2> 8 3>B>2=>ABL >B@078BL 0B0:C =530B82=KE >ICI5=89. #@>25=L M<>F89 CAB>9G82K9. !?5:B@ M<>F89: C25@5==>ABL 2 A515, ?>:@>28B5;LAB25==>5 >B=>H5=85 : M;5<5=B0< 2=CB@5==53> <8@0, 8@>=8G5A:>5 2>A?@8OB85 A>1KB89. 0H5 3;02=>5 >@C685  HCB:0. $878>;>38G5A:85 ?@>F5AAK =5 >ICI0NBAO. 8:>340 =5 ?@0:B8:C9B5 B5E=8: B@5BL59 ABC?5=8, 5A;8 =5206=> A51O GC2AB2C5B5, CAB0;8 8;8 8A?KBK205B5 :0:85-;81> D878>;>38G5A:85 ?>B@51=>AB8. 'B>1K 40==>5 @5AC@A=>5 A>AB>O=85 AB0;> CAB>9G82K<, @53C;O@=> 53> ?@0:B8:C9B5 2 >1I5=88 A 4><0H=8<8 682>B=K<8 (E>BO 1K 8 A B0@0:0=0<8), A 45BL<8 8 A B5<8, :B> <>;>65 20A, A 1;87:8<8 4@C7LO<8.  A>AB>O=88 <030 2A5 2=8<0=85 =0?@02;5=> =0 A>15A54=8:0 8 >:@C60NICN >1AB0=>2:C. 5 701K209B5 O:>@8BL MB> A>AB>O=85 A ?><>ILN 0<C;5B0. >43>=8B5 2A5 >ICI5=8O B0:8< >1@07><, GB>1K 8<5BL <0:A8<0;L=K9 :><D>@B 8 1KBL 3>B>2K< : 459AB28N. !;54CNI55 C?@06=5=85 ?>72>;8B C;CGH8BL A?>A>1=>ABL 287C0;878@>20BL. @54AB02LB5 A515 ;N18<K9 A>@B F25B:0. 7>1@065=85 4>;6=> 1KBL >1J5<=K<. A;8 =5 ?>;CG05BAO, :C?8B5 F25B>:, ?>AB02LB5 53> ?5@54 A>1>9, 2=8<0B5;L=> >3;O48B5, 70:@>9B5 3;070 8 2>AAB0=>28B5 53> >1@07. A;8 >= ?@>?0405B 8;8 =5CAB>9G82, >B:@>9B5 3;070 8 ?>2B>@8B5 2A5 A=>20. !>A@54>B>GLB5 2A5 2=8<0=85 =0 F25B:5, <54;5==> ?>2>@0G8209B5 53> ?5@54 2=CB@5==8< 27>@><, >F5=8B5 >ICI5=8O, :>B>@K5 >= 2K7K205B. ><5=O9B5 =5A:>;L:> @07 53> F25B, D8:A8@CO 87<5=5=8O A2>8E GC2AB2, >?@545;8B5 =081>;55 ?@8OB=K9 20@80=B. 0948B5 B0:>5 ?>;>65=85 2 ?@>AB@0=AB25 (?@0255, ;5255, 2KH5, =865, 1;865, 40;LH5), ?@8 :>B>@>< 2>A?@8OB85 F25B:0 AB0=5B 1>;55 >AB@K< 8 "682K<". 0?><=8B5, :0:85 ?0@0<5B@K O2;ONBAO :@8B8G5A:8<8: CA8;820NI8<8 >ICI5=8O 8;8 8E >A;01;ONI8<8. 0D8:A8@C9B5 F25B>: 2 >?B8<0;L=>< ?>;>65=88 8 =0G=8B5 ?> >G5@548 87<5=OBL O@:>ABL, >A25I5==>ABL 8 D>:CA8@>2:C >1J5:B0. ?@545;8B5 ?0@0<5B@K, ?@8 :>B>@KE ?>78B82=K5 M<>F88 @57:> CA8;820NBAO 8;8 8=B5@5A : F25B:C ?>;=>ABLN ?@>?0405B. A?>;L7C5B5 2A5 ?>;CG5==K5 7=0=8O, GB>1K A>740BL =081>;55 ?@8OB=>5 87>1@065=85 F25B:0. >4C<09B5, GB> 5I5 =C6=> 87<5=8BL (D>@<C, 4>1028BL 8;8 C1@0BL M;5<5=BK, A>740BL D>=), GB>1K 2>7=8:;> A8;L=>5 65;0=85 27OBL 53> 2 @C:8 8 ?>=NE0BL. !45;09B5 MB> 2 A2>5< 2>>1@065=88 8 >ICB8B5 70?0E. B:@>9B5 3;070, 70?8H8B5 2 1;>:=>B :@8B8G5A:85 ?0@0<5B@K 287C0;870F88 8 ?>2B>@8B5 C?@06=5=85 =5A:>;L:> @07, 4>1820OAL 1KAB@>3> ?>;CG5=8O CAB>9G82>3> 87>1@065=8O. >>1@078B5 C<5@5==> =5?@8OB=K9 ?@54<5B. -B> <>65B 1KBL 8=AB@C<5=B 87 0@A5=0;0 40=B8AB0, GB>-=81C4L A;><0==>5, 87<OB>5, 8A?0G:0==>5 8 B.?. A?>;L7C9B5 2KO2;5==K5 @0=55 :@8B8G5A:85 ?0@0<5B@K (AC1<>40;L=>AB8) A=0G0;0 4;O <0:A8<0;L=>3> CA8;5=8O =5?@8OB=KE GC2AB2, 0 70B5< 4;O 8E ?>;=>9 =59B@0;870F88 (?>?@>1C9B5 G5@=>-15;>5 87>1@065=85). >2B>@8B5 MB> =5A:>;L:> @07, 0 ?>B>< ?>?@>1C9B5 =59B@0;L=>5 87>1@065=85 A45;0BL ?@8OB=K<. >?@>1C9B5 A45;0BL ?@54<5B 70102=K<, =5<=>3> 87<5=82 53> D>@<C, 45B0;8 8 @0:C@A. 0: <8=8<C<, 2K 4>;6=K E8E8:=CBL. '0AB> AC1<>40;L=>AB8, CA8;820NI85 ?@8OB=K5 M<>F88 =5 A>2?040NB A ?0@0<5B@0<8, <5=ONI8<8 >ICI5=8O 2 AB>@>=C =5?@8OB=KE M<>F89. >>1@078B5 =5?@8OB=>3> 4;O 20A G5;>25:0 (:>=:@5B=CN ;8G=>ABL). @5>1@07C9B5 53> >1@07 A=0G0;0 2 =59B@0;L=K9, 0 ?>B>< 2 <8;K9 8 70102=K9. @>45;09B5 MB> 65 A 4@C38< G5;>25:><. A;8 2>>1@078BL 682>9 >1@07 =5 C405BAO, B> ?@8 ?5@2>9 65 ;8G=>9 2AB@5G5 =5 70:@K209B5 3;070 8 ?@>45;09B5 A =8< MB8 <0=8?C;OF88 2 A2>5< 2>>1@065=88. > >:>=G0=88 2AB@5G8 ?>2B>@8B5 B>B 65 ?@>F5AA <KA;5==>. A;8 20< =5?@8OB=0 A>1AB25==0O D878>=><8O, 2AB0=LB5 ?5@54 75@:0;>< 8 22>;N ?>@5728B5AL. "5?5@L 2>>1@078B5 GB>-=81C4L AB@0H=>5. A?><=8B5 D8;L< C60A>2 8;8 ?@54AB02LB5 02B>:0B0AB@>DC A :CG59 B@C?>2. !45;09B5 87>1@065=85 M<>F8>=0;L=> =59B@0;L=K<, 0 70B5< 2 G5<-B> :><8G=K<. 0@L8@C9B5 <0:A8<0;L=>5 G8A;> AC1<>40;L=>AB59. ;O :064>3> C?@06=5=8O >=8 <>3CB 1KBL >A>15==K<8. 0H0 F5;L A>AB>8B 2 B><, GB>1K C<5BL =5?@8OB=K5 :0@B8=:8 45;0BL =59B@0;L=K<8 8;8 70102=K<8. A;8 2A5 ?>;CG05BAO, ?@>2>73;0A8B5 <038G5A:CN D>@<C;C: " 5 1K205B ?;>E8E A>1KB89, 1K205B A>>B25BAB2CNI55 : =8< >B=>H5=85!". !;54CNI55 C?@06=5=85 =0?@02;5=> =0 >A2>5=85 A>AB>O=8O 48AA>F80F88. 0E>4OAL 2 :0:>< ;81> ?><5I5=88, ?@54AB02LB5, :0: 2K 2K3;O48B5 87 2A5E G5BK@5E C3;>2 ?>B>;:0. -B> ?5@20O ?>78F8O 48AA>F80F88  273;O4 =0 A51O A> AB>@>=K. ?@545;8B5, 87 :0:>3> C3;0 20H5 87>1@065=85 :065BAO =081>;55 ?@8OB=K<, 0 87 :0:>3>  =08<5=55. 5@5<5I09B5AL 24>;L ;8=88, A>548=ONI59 MB8 C3;K, 8 >?@545;8B5 <5AB> =0 ?>B>;:5, 2 :>B>@>< 2K 8A?KBK205B5 =59B@0;L=K5 GC2AB20, B5@OO >ICI5=8O A2>53> B5;0. A;8 20A ?>AB>O==> "2BO38205B" =0704, ?@8:068B5 A515 <KA;5==> =09B8 B0:>5 ?>;>65=85 2 ?@>AB@0=AB25, 2 :>B>@>< "70A0AK20NI0O" A8;0 <8=8<0;L=0, 8 2K <>65B5 2 =5< CAB>9G82> =0E>48BLAO. 0?><=8B5 MB>B @0:C@A 8 @53C;O@=> ?@>5F8@C9B5 A51O 2 MB> ?>;>65=85. -:A?5@8<5=B8@C9B5, 8 20A 645B CA?5E. >A;5 B>3>, :0: 2K =0CG8B5AL 1KAB@> 2K?>;=OBL MB> C?@06=5=85, ?@>45;09B5 42CE?>78F8>==>5 48AA>F88@>20=85: C284LB5 A51O, 3;O4OI53> =0 A>1AB25==>5 B5;>. "> 5ABL 2K 4>;6=K 2845BL A51O A@07C 2 42CE ?>78F8OE. ?@545;8B5 >?B8<0;L=K9 @0:C@A 8 4;O MB>9 ?>78F88. 0:@5?8B5 53> @53C;O@=K<8 B@5=8@>2:0<8. >74@02;ON, 2K =0CG8;8AL 68BL 157 1>;8 8 <>65B5 A C4>2>;LAB285< ?>A5I0BL 40=B8AB0, 01AB@038@>20BLAO >B =5?@8OB=KE >ICI5=89 8 3>B>2K : 40;L=59H59 8=B53@0F88. 0:@5?8B5 CA?5E B@5BL59 <038G5A:>9 D>@<C;>9: "/ =5 >1O70= 8A?KBK20BL B>, GB> A59G0A GC2AB2CN!". @>2>73;0H09B5 55 ?@8 :064>< C?@06=5=88 ?> 42CE?>78F8>==>9 48AA>F80F88. B>@0O ?>78F8O =5>1E>48<0 4;O A0<>:>=B@>;O. =0 B@51C5B 1>;LH5 2=8<0=8O 8 ?@5?OBAB2C5B M<>F8>=0;L=><C 2:;NG5=8N 2 =5?@8OB=CN A8BC0F8N, GB> 70B@C4=5=> 2 ?5@2>9 ?>78F88.  @0728B85 MB>9 B5E=8:8 <>65B5 ?@0:B8:>20BL "0AB@0;L=K5" ?CB5H5AB28O 87 4><0 =0 @01>BC 8;8 2 4@C3>5 E>@>H> 7=0:><>5 <5AB>. >6=> ?5@5<5I0BLAO <3=>25==>, <>6=> ?@>45;K20BL 25AL ?CBL ?>;=>ABLN, ">1>7@520O" ?@>8AE>4OI55 =0 C;8F0E. @8 CAB>9G82>< =02K:5 <>6=> A>25@H0BL "M:A:C@A88" 2 ;N1K5, 2 B>< G8A;5 8 2 2K<KH;5==K5, <5AB0. K?>;=OO B5E=8:8 B@5BL59 ABC?5=8 8=B53@0F88, =5 701K209B5 @53C;O@=> ?@0:B8:>20BL MB8 C?@06=5=8O. A;8 >=8 =0G=CB =04>540BL, ?@>O28B5 B2>@G5AB2> 8 <>48D8F8@C9B5 8E ?> A2>5<C 2:CAC. 0: 2K C1548B5AL, MB8 70=OB8O A8;L=> ?><>3CB 20< ?@8 :>=B0:B0E A 2=5H=8< <8@><. >@L10 A> A:;5@>7>< 0G=5< A 4803=>AB8:8 20H59 ?0<OB8. 5 24020OAL 2 3;C1>:85 ?>4@>1=>AB8, >B15@8B5 87 A>1KB89 20H59 687=8 5-6 M?87>4>2, 2 :>B>@KE 2K 1K;8 AG0AB;82K 8;8 8A?KBK20;8 :@09=55 C4>2>;LAB285. @81;878B5;L=> @0AAB02LB5 8E ?> @0=68@C. 0G=8B5 A =081>;55 A;01>3> ?> A8;5 M<>F89 2>A?><8=0=8O. 5@56828B5 53>, AB0@0OAL 2>AAB0=>28BL 2 ?0<OB8 <5;LG09H85 ?>4@>1=>AB8, :0A0NI85AO :0: >:@C60NI59 >1AB0=>2:8, B0: 8 CG0AB2CNI8E 2 A8BC0F88 ;8F.  <><5=B <0:A8<0;L=>9 A8;K M<>F89 >AB0=>28B5 :0@B8=:C 8 70D8:A8@C9B5 55. A?>;L7C9B5 :@8B8G5A:85 AC1<>40;L=>AB8 4;O ?@545;L=>3> CA8;5=8O >ICI5=89. 0948B5 2 87>1@065=88 :0:>9-=81C4L ?@54<5B 8;8 A8<2>;, :>48@CNI89 A8BC0F8N, 8 <KA;5==> ?><5AB8B5 53> 2 0<C;5B. 8AA>F88@C9B5AL 2> 2B>@CN ?>78F8N 8 >F5=8B5, 2 @57C;LB0B5 :0:8E 459AB289 8 A>1KB89 A;CG8;AO 40==K9 M?87>4, :0:85 2K2>4K 8 C15645=8O 1K;8 A45;0=K 87 MB>9 A8BC0F88, O2;ONBAO ;8 >=8 @5AC@A=K<8 (@0AH8@ONI8<8 3>@87>=B) 8;8 >3@0=8G820NI8<8 (>1O7K20NI8<8 20A : G5<C-B>). >4C<09B5, :0:85 8=K5 2K2>4K <>6=> A45;0BL 87 40==>9 A8BC0F88 8 GB> ?><5H0;> 20< 8;8 4@C3><C ;8FC CA8;8BL ?>78B82=K9 MDD5:B. >102LB5 A515 8 5<C =5>1E>48<K5 @5AC@AK 8 ?5@56828B5 >B@568AA8@>20==K9 M?87>4 >B ?5@2>3> ;8F0. F5=8B5, :0:85 =>2K5 C15645=8O 8 2K2>4K C 20A ?>O28;8AL ?>A;5 MB>3>, =0A:>;L:> >=8 @5AC@A=K. >2B>@8B5 MB8 459AB28O A> 2A5<8 2>A?><8=0=8O<8 87 A?8A:0, AB@5<OAL ?@5>1@07>2K20BL A8BC0F88 B0:8< >1@07><, GB>1K 4>AB8GL <0:A8<0;L=>3> MDD5:B0. 064K9 M?87>4 :>48@C9B5 @07=K<8 ?@54<5B0<8 8;8 A8<2>;0<8. 0?8AK209B5 2 1;>:=>B, :0: 87<5=ONBAO 20H8 C15645=8O. A;8 2K =5 =018@05B5 =C6=>3> G8A;0 A>1KB89 8;8 2>A?><8=0=8O 1;54=K 8 >4=>B8?=K, C 20A ?@>1;5<K A 4>ABC?>< : @5AC@A=K< 2>A?><8=0=8O<. 5:><5=4CN CA8;5==> 70=OBLAO C?@06=5=8O<8 ?> 287C0;870F88. A;8 2A5 2 ?>@O4:5, >F5=8B5, :0:>9 ?5@8>4 20H59 687=8 ?@58<CI5AB25==> ?@54AB02;5= 2 A?8A:5, 8 O2;ONBAO ;8 >AB0;L=K5 MB0?K <5=55 AG0AB;82K<8. 5@>OB=>, GB> =5B. @>AB> : =8< ?5@5:@KB 4>ABC?. '0AB> 2 ?@>F5AA5 @01>BK A >4=8< 2>A?><8=0=85< 2A?;K20NB 4@C385 701KBK5 M?87>4K. -B> =04> 2A5<5@=> ?@825BAB2>20BL 8 A>AB02;OBL 4>?>;=8B5;L=K9 A?8A>:. 3> ?>:0 =5 B@>309B5, B>;L:> ?>?>;=O9B5. =0;>38G=> A>AB02LB5 A?8A>: 5-6 A0<KE =5?@8OB=KE A>1KB89 687=8. A;8 8E 1>;LH5 8;8 >=8 1C4CB 2A?><8=0BLAO 2?>A;54AB288, >@30=87C9B5 4;O =8E 4>?>;=8B5;L=K9 @55AB@. 0G=8B5 A ?5@56820=8O, :>B>@>5 2K B>G=> 2K45@68B5, 2>AAB0=02;820O 53> ?>4@>1=>AB8. A;8 M<>F88 A;8H:>< A8;L=K 8 =5 ?>72>;ONB 0=0;878@>20BL M?87>4, A@07C =0G8=09B5 A> 2B>@>9 ?>78F88 48AA>F80F88. #OA=8B5 045:20B=>ABL 20H8E ?5@56820=89 40==>9 A8BC0F88. ?@545;8B5 ?>78B82=K5 <>B82K 4@C38E ;8F, CG0AB2CNI8E 2 A>1KB88. ;O MB>3> ?@>3;O48B5 M?87>4 8E 3;070<8. A;8 B0:>2K5 >1=0@C60BAO (0 >=8 2A5340 5ABL), B> ?5@5409B5 7=0=85 > =8E A515 <>;>4><C.  A;CG05, :>340 ?>78B82=K5 GC685 =0<5@5=8O 4;O 20A >AB0NBAO =5OA=K<8, ?@>A<>B@8B5 A8BC0F8N 87 2B>@>9 ?>78F88 =01;N40B5;O 8 2 :0G5AB25 "27@>A;>3>" >?@545;8B5, :0:85 8<5NBAO ?>1C48B5;L=K5 <>B82K 8 :0:8E @5AC@A>2 =5 E20B05B 459AB2CNI8< ;8F0<, GB>1K M?87>4 @07@5H8;AO : 2A5>1I5<C C4>2>;LAB28N. B@568AA8@>20==K9 M?87>4 ?@>A<>B@8B5 A=0G0;0 3;070<8 4@C38E 459AB2CNI8E ;8F 8 C4>AB>25@LB5AL, GB> ?>40@5==KE 8< @5AC@A>2 2?>;=5 4>AB0B>G=>. 0B5<, 2>>@C682H8AL =>2K<8 7=0=8O<8 8 4>?>;=8B5;L=K<8 2>7<>6=>ABO<8, ?@>6828B5 =>2CN @540:F8N A>1KB89 >B A2>53> ;8F0. A;8 8AE>4=K<8 =530B82=K<8 M<>F8O<8 1K;8 A8;L=>5 GC2AB2> AB@0E0 8;8 >AB@>5 GC2AB2> 28=K, ?>ABC?8B5 8=K< >1@07><. 5@54 ?>A;54=8< MB0?>< 40==>9 ?@>F54C@K "?@>O28B5AL" 2 A2>5< =0AB>OI5< >1@075, ?>4>948B5 : A515 <>;>4><C 8 >1JOA=8B5, GB> 2K  MB> >= ?>27@>A;52H89. 'B> A59G0A ?@>87>945B B>-B> 8 B>-B>, <>B82K >AB0;L=KE ?5@A>=0659 B0:85-B>, GB> 2K 2A5 2@5<O 1C45B5 @O4>< 8 A>2A5< =5 =C6=> 1>OBLAO 8 >128=OBL A51O. CABL >= 2>7L<5B 20A 70 @C:C (AC?5@@5AC@A) 8 ?@>6825B A>1KB85, GC2AB2CO 20HC 70I8BC 8 ?>445@6:C. > >:>=G0=88 M?87>40 ?>1;03>40@8B5 53> 70 <C65AB2> 8 >15I09B5, GB> 2 B@C4=KE <><5=B0E 2A5340 ?@845B5 5<C =0 ?><>IL. !=>20 2>948B5 2> 2B>@CN ?>78F8N 48AA>F80F88 8 >?@545;8B5, :0:85 2K2>4K 8 C15645=8O 1K;8 A45;0=K 87 MB>9 A8BC0F88 8 :0:>2K >=8 B5?5@L. A;8 2>A?><8=0=8O 2A5 5I5 2K7K20NB =5?@8OB=K5, ?CABL 8 1>;55 A;01K5, M<>F88, ?@>4>;68B5 A2>N @01>BC. @8<5=8B5 4@C3CN B0:B8:C. AB0=>28B5 :0@B8=:C 2 <><5=B ?8:0 >B@8F0B5;L=KE M<>F89 8 ?><5=O9B5 :@8B8G5A:85 AC1<>40;L=>AB8. >159B5AL =59B@0;L=>AB8 87>1@065=8O, 0 70B5< CB@8@C9B5 A8BC0F8N B0:8< >1@07><, GB>1K >=0 2K3;O45;0 :0: H0@6 8;8 ?0@>48O. A;8 8 MB> =5 C405BAO, ?><5=O9B5 2> 2@5<5=8 ?>@O4>: ?@>8AE>4OI8E A>1KB89 (A=0G0;0 845B A;54AB285, 0 ?>B>< ?@8G8=0) 8;8 70?CAB8B5 8E 704>< =0?5@54, A>?@>2>640O D8;L< 1@02C@=>9 <C7K:>9. >6=> ?@54AB028BL =0 <5AB5 459AB2CNI8E ;8F <C;LBOH=KE 8;8 :8=>35@>52 2 ;N1>< A>G5B0=88. 0H0 7040G0  @0AA<5H8BL A51O.  8B>35 2K 4>;6=K >ICB8BL ?>;=CN 8AG5@?0==>ABL A>1KB8O 8 3>@4>ABL 70 A51O <>;>4>3>. 715309B5 D0;LA8D8:0F88 D0:B8G5A:>9 AB>@>=K A>1KB89 (=5 20A ?>18;8, 0 2K; 2K =5 C1560;8, 0 ?@8H;8 =0 ?><>IL 8 B.?.). 0H0 :>=5G=0O F5;L  @07@O48BL M<>F8>=0;L=CN <8=C 8 70<5=8BL >3@0=8G820NI85 C15645=8O =0 AB8<C;8@CNI85. @>O2;O9B5 1>;LH5 B2>@G5AB20 8 =5 701K209B5 ?@> 0<C;5B 8 A8<2>;K, 872;5G5==K5 87 ?>78B82=KE 2>A?><8=0=89. 0@8B5 8E 2 :0G5AB25 @5AC@A>2 A515 8 4@C38< ;N4O<. >6=> @5:><5=4>20BL 5I5 425 25I8. 1O70B5;L=> :>48@C9B5 ?>;=>ABLN 70:>=G5==K5 B@02<0B8G5A:85 M?87>4K (5A;8 4>2>;L=K @57C;LB0B0<8 A2>59 @01>BK) A8<2>;0<8 8 ?><5I09B5 8E 2 0<C;5B. A;8 2 2>A?><8=0=88 2K 1K;8 @515=:><, 70:>=G8B5 @01>BC A;54CNI8< >1@07><. >1;03>40@82 70 <C65AB2>, :@5?:> >1=8<8B5 53> 8 2B>;:=8B5 2=CB@L A51O. @8 MB>< 2>7<>6=0 1C@=0O M<>F8>=0;L=0O @50:F8O. 5 AB5A=O9B5AL, ?@8 A;CG05 <>6=> 8 2A?;0:=CBL. "0:65 ?>ABC?09B5 8 2 :>=F5 ?>78B82=KE M?87>4>2. -B> O2=K9 20@80=B 287C0;L=>9 8=B53@0F88. ?>A;54AB288 MB>B O-<0;KH ?@>2>48B 20A 8 2 4@C385 701KBK5 M?87>4K 53> 2>7@0AB0. 45AL C<5AB=> 70<5B8BL, GB> CA?5H=>5 7025@H5=85 1>;LH8=AB20 B5E=8: 8=B53@0F88 A2O70=> A ?5@56820=8O<8 @07=>3> B8?0 8 A8;K ?>;>68B5;L=KE M<>F89. BACBAB285 >=KE 4>;6=> =0AB>@>68BL: 0 2A5 ;8 A45;0=> ?@028;L=>? >A:>;L:C =5?@5@K2=0O @01>B0 A =530B82=K<8 M<>F8O<8 B@51C5B 87@O4=>3> 70?0A0 4CH52=KE A8; 8 <>65B ?>?>@B8BL =0AB@>5=85, G5@54C9B5 55 A >1@01>B:>9 ?>78B82=KE A>1KB89 87 4>?>;=8B5;L=>3> A?8A:0.  A;54CNI59 ?@0:B8:5 A;54C5B ?5@5E>48BL, 5A;8 ?>GC2AB2C5B5 :@878A 60=@0: >A=>2=>9 8 4>?>;=8B5;L=K9 A?8A>: 70:>=G8;8AL, =8G53> A5@L57=>3> 1>;LH5 =5 2A?><8=05BAO, 40 8 A0< ?@>F5AA ?5@5AB0; ?@8=>A8BL C4>2;5B2>@5=85 8 A8;L=K5 >ICI5=8O. AB0;L=K5 B5E=8:8 1078@CNBAO =0 ?>=OB88 ;8=88 2@5<5=8 8;8 4>@>38 (0>) 687=8. 0: CAB@>5=0 G5;>25G5A:0O ?0<OBL, 4>?>4;8==> =5 8725AB=>. >MB><C <>6=> ?@54?>;>68BL, GB> A>1KB8O 687=8 2 =59 4>102;ONBAO ?>A;54>20B5;L=> 4@C3 : 4@C3C, >1@07CO =5:CN ?>A;54>20B5;L=>ABL, ;8=8N 8;8 4>@>3C. >=OB85 ?CB8 1>;55 C4>1=>, B0: :0: ?@54?>;0305B 2>7<>6=>ABL ?CB5H5AB289. >>1@078B5 A515 =5:CN B@0AAC. -B> <>65B 1KBL H>AA5, ?@>A5;>G=0O 4>@>30 8;8 8728;8AB0O B@>?8=:0. =0 <>65B 1KBL >4=>B>==>9 8;8 @07=>F25B=>9, 8<5BL D0:BC@C 8 @5;L5D 8;8 1KBL 3;04:>9. 0 =59 <>3CB 1KBL 8;8 >BACBAB2>20BL C:070B5;8 8 <5B:8. CABL 20H5 2>>1@065=85 A>7405B 7@8<K9 >1@07. > MB>9 4>@>35 E>G5BAO ?CB5H5AB2>20BL, =0 =59 20A ?>46840NB ?@8:;NG5=8O 8 8A?KB0=8O. > =59 <>6=> E>48BL, 5748BL =0 ;N1>< 2845 B@0=A?>@B0, =04 =59 <>6=> ;5B0BL, A>25@H0O 2 ;N1>< <5AB5 ?>A04:C. #1548B5AL, GB> 2>7=8:H89 >1@07 O2;O5BAO CAB>9G82K< 8 =5 2K7K205B >BGC645=8O. =5A8B5 B@51C5<K5 :>@@5:B82K 8 ?@82K:=8B5 : =59. ;O 70B@02:8 ?>;5B09B5 =04 =59 BC40 8 >1@0B=>, ?>=8<0O, GB> MB> 20H 687=5==K9 ?CBL. ?CAB8B5AL 2 ?@83;O=C2H5<AO <5AB5 8 >A<>B@8B5AL. !?@>A8B5 A51O, A:>;L:> 20< 745AL ;5B, >?@545;8B5 2@5<O 3>40 8 :0:>9 A59G0A <5AOF. 0AA82=> =01;N409B5 2>7=8:0NI85 >1@07K 8 2>A?><8=0=8O. !=>20 ?>4=8<8B5AL 8 =5<=>3> ?>;5B09B5. K1@02 <5AB>, ?@875<;8B5AL 8 >?@545;8B5 B5:CI55 2@5<O. >E>48B5 ?> 4>@>35, ?>5748B5 ?> =59 =0 2K1@0==>< 2845 B@0=A?>@B0. F5=8B5 ?@58<CI5AB20 @07=KE A?>A>1>2 42865=8O.  70:;NG5=85 1KAB@> ?5@5;5B8B5 : >4=><C 55 :>=FC (<><5=BC 70G0B8O), >A<>B@8B5, :0: >= 2K3;O48B. 0B5< ?>25@=8B5 =0704 8 ?@875<;8B5AL 2 A53>4=O. >A<>B@8B5, :0: 87 B5:CI53> <><5=B0 2K3;O48B 4>@>30 2 1C4CI55, G5< >=> >B;8G05BAO >B ?@>H;>3>. 0G=5< A ?>A5I5=8O 20H8E 4=59 @>645=8O, =0G8=0O A ?>A;54=53>. >AB0@09B5AL 2A?><=8BL 53> 2> 2A5E ?>4@>1=>ABOE 8 ?5@56828B5 70=>2>: 20H8 >6840=8O, GB> 87 MB>3> A1K;>AL, :0:85 ?>;CG8;8 ?>40@:8, :B> ?@8E>48; 2 3>AB8, :0: >=8 1K;8 >45BK 8 GB> 3>2>@8;8. 0:A8<C< ?>4@>1=>AB59 2K ?>;CG8B5, 5A;8 2A?><=8B5 A2>5 ?A8E>D878G5A:>5 A>AB>O=85 2 MB>B 45=L, A2>8 D878G5A:85 >ICI5=8O 8 M<>F88. >340 1C45B5 ?CB5H5AB2>20BL 2 A2>9 N=K9 2>7@0AB, >A>1>5 C4>2>;LAB285 20< 4>AB02OB <>;>4K5 ;8F0 20H8E @>48B5;59 8 1;87:8E ;N459. >A;5 B>3>, :0: ?@8?><=8B5 A0<K9 @0==89 87 4>ABC?=KE 4=59 @>645=8O, >F5=8B5 >1ICN B5=45=F8N: GB> <5H0;> 20< ?>;=>ABLN >ICB8BL MB> A>1KB85 :0: ?@074=8:, 0 GB> A?>A>1AB2>20;> MB><C. 0:85 2K2>4K 8 C15645=8O 1K;8 A45;0=K 2 8B>35, O2;ONBAO ;8 >=8 @5AC@A=K<8 8;8 =>AOB ?@>B82>?>;>6=K9 E0@0:B5@. !0<> ?CB5H5AB285 2 :>=:@5B=K9 45=L B5E=8G5A:8 >ACI5AB2;O5BAO A;54CNI8< >1@07><. 87C0;878@C9B5 4>@>3C 2@5<5=8, 2K15@8B5 284 B@0=A?>@B0 8 ?@8:068B5 5<C ?5@5=5AB8 20A 2 :>=:@5B=K9 3>4, <5AOF 8 45=L. 4=>2@5<5==> 0:B82878@C9B5 A>AB>O=85 <030. > >:>=G0=88 A50=A0 B0:8< 65 A?>A>1>< 25@=8B5AL 2 A53>4=O. A;8 B0:0O ?@>F54C@0 20A G5<-B> =5 CAB@08205B, ?@84C<09B5 A2>N. @>O2;O9B5 1>;LH5 B2>@G5AB20. 0< 405BAO >1I0O <5B>48:0, 0 45B0;8 55 @50;870F88 >AB0NBAO 70 20<8. 57C;LB0BK :064>3> ?CB5H5AB28O >1O70B5;L=> 70?8AK209B5 2 1;>:=>B. =8 ?><>3CB 20< ?@8 40;L=59H5< 0=0;875: :0: <>6=> CA8;8BL ?>78B82=K5 M<>F88 >B MB>3> 4=O, =59B@0;87>20BL >3>@G5=8O 8 =54>@07C<5=8O, :0: ?@5>1@07>20BL @CB8==K5 A>1KB8O 2 70102=K5, :0:85 4;O 2A53> MB>3> B@51CNBAO @5AC@AK. >A;5 B>3>, :0: 4;O :064>9 A8BC0F88 =0945BAO @5H5=85, A=>20 >B?@02LB5AL 2 MB>B 45=L @>645=8O 8 ?5@56828B5 53> 2 =>2>9 @540:F88. !B0@09B5AL =5 <5=OBL D0:B8G5A:CN :0=2C ?@>8AE>482H53>, 8=0G5 2K 1C45B5 CA8;820BL GC2AB2> A>1AB25==>9 8A:;NG8B5;L=>AB8. 0>1>@>B, AB0@09B5AL >B<5G0BL 8 CA8;820BL =5AC@07=>ABL 8 70102=>ABL A2>53> ?>2545=8O. #G8B5AL >B MB>3> ?>;CG0BL C4>2>;LAB285, B0: 65, :0: 8 >B ?>=8<0=8O <>B82>2 459AB28O 4@C38E ?5@A>=0659. =8 =5 =0H;8 A2>9 0> 8 4>AB>9=K C;K1:8 8 A>GC2AB28O. A;8 =5 C40;>AL ?>?0ABL 2 :>=:@5B=K9 45=L @>645=8O, <>6=> ?>ABC?8BL A;54CNI8< >1@07><. A?><=8B5 :0:>5 ;81> A>1KB85, ?@>87>H54H55 =5A:>;L:> ?>765. 5@5<5AB8B5AL 2 =53>, ?5@56828B5 8 >B@540:B8@C9B5 53> 2 @5AC@A=>< :;NG5. >A;54=89 @07, ?5@56820O 53> >B ?5@2>3> ;8F0, 2A?><=8B5 A2>9 ?>A;54=89 45=L @>645=8O. >B 2K 8 B0<. -BC B0:B8:C <>6=> =5<=>3> 284>87<5=8BL. 5@56820O A>1KB8O >4=>3> 4=O @>645=8O, 2A?><8=09B5 A>1KB8O ?@54K4CI53>, 20< =54>ABC?=>3>.  >4=>B8?=K5 4=8 G5;>25: G0AB> =0E>48BAO 2 AE>68E ?A8E>D878G5A:8E A>AB>O=8OE. 1KG=> ?@>1;5<K 2>7=8:0NB A =081>;55 @0==8< 2>7@0AB><. A?>;L7C9B5 2A?><>30B5;L=K5 A@54AB20  D>B>3@0D88 8 @0AA:07K AB0@H8E. "5E=8:0 2 MB>< A;CG05 A;54CNI0O. >7L<8B5 A2>N D>B>3@0D8N MB>3> 2>7@0AB0 8 ?>?KB09B5AL 55 ">6828BL". A?><=8B5, :0: 2A5 2K3;O45;> 1>;LH8< 8 =5>1KG=K<. 0: 87 ?>78F88 A=87C 2845;0AL :20@B8@0, <515;L, :0:8<8 1K;8 ;8F0 20H8E 1;87:8E. ICB8B5 A51O <0;5=L:8<, :0: 4>;3>-4>;3> BO=C;AO 45=L, :0: B@C4=> 1K;> 4>640BLAO 4=O @>645=8O, :0: 2K 640;8 ?>40@:>2 8 B.?. 50;L=>ABL (=52K4C<0==>ABL) 2>A?><8=0=89 >?@545;O5BAO O@:>ABLN >ICI5=89, A8;>9 =0E;K=C2H8E GC2AB2, <KA;LN: :0: 402=> O MB> =5 2A?><8=0;. /:>@8B5 MB> A>AB>O=85 8 8A?>;L7C9B5 53> 4;O @0AH8@5=8O >1;0AB8 2A?><8=05<>3>. B0:, EC4>-154=> C 20A 5ABL @5?5@=K5 B>G:8 =0 4>@>35 ?0<OB8. 564C =8<8 =04> @0AH8@OBL 7>=K "@070@E820F88". @>45;09B5 BC 65 ?@>F54C@C A ?@074=8:0<8: >2K< >4><, 4=O<8 @>645=8O 4@C759 8 @>48B5;59. !>AB02LB5 A?8A>: ;53:> 2A?><8=05<KE 40B (M:70<5=K, @54:85 A>1KB8O 8 B.?.) 8 153>< 2 ?@>H;>5. !>AB02LB5 8=25=B0@=K9 A?8A>: 206=KE A>1KB89 8 ;8F, :>B>@K5 =5>1E>48<> 2A?><=8BL. 0=8<09B5AL MB8< ?>AB>O==> 2 A2>1>4=K5 <8=CBK >B4KE0, 2 >1I5AB25==>< B@0=A?>@B5, 345 C3>4=>. A?>;L7C9B5 2A5 @5AC@AK, 2 B>< G8A;5 1;>:=>B 8 0<C;5B, =0:0?;8209B5 0@B5D0:BK 8 ?5@5>A<KA;8209B5 A2>5 ?@>H;>5. 72;5:09B5 =>2K5 2K2>4K, 7=0=8O 8 C15645=8O. -B> 65 20H0 687=L, 20H5 G5B25@B>5 87<5@5=85! !B0@09B5AL ?>4E>48BL : 45;C B2>@G5A:8, 20@L8@C9B5 ?>4E>4K, ?>;CG09B5 >B MB>3> 70=OB8O C4>2>;LAB285. 715309B5 ;>2CH:8 @CB8==KE 459AB289. 0?><8=0N 3;02=CN F5;L ?5@5?@>A<>B@0 687=8: >1@5B5=85 2=CB@5==59 A2>1>4K. @C7 ?@>H;>3> 4>;65= 1KBL ?@5>1@07>20= 2 M=5@38N =0AB>OI53> 4;O 4>AB865=8O F5;59 2 1C4CI5<. >182H8AL >?@545;5==>3> <0AB5@AB20, <>6=> ?@0:B8:>20BL ?CB5H5AB28O 70 ?@545;K A2>59 4>@>38 687=8. ><<5=B8@>20BL ?>4>1=K5 ?@8:;NG5=8O 25AL<0 70B@C4=8B5;L=>, ?@8E>48BAO ?@81530BL : O7K:C <5B0D>@. A5, GB> O 87;030; 4> A8E ?>@, =5 A;8H:>< ?@>B82>@5G8;> 74@02><C A<KA;C, 8 70:;NG0;>AL 2 >?8A0=88 8725AB=KE B5E=8:. "5< =5 <5=55, 8E 8A?>;L7>20=85 ?>72>;O5B 2K9B8 70 53> ?@545;K. !0< B5@<8= "2=CB@5==89 <8@" ?@54?>;0305B =5:CN 15A:>=5G=>ABL 8 ?@545;K >A2>5==>3>. @8 ;N1>< 20@80=B5 287C0;870F88 687=5==K9 ?CBL @0A?>;0305BAO 2 =5:>B>@>< ?@>AB@0=AB25 8 8<55B 3@0=8FK <><5=B0 70G0B8O 8 <3=>25=8O "A59G0A". C4CI55 =0 =5< B0: 65 ?@8ACBAB2C5B, => 8<55B >B;8G0NICNAO AB@C:BC@C. 1KG=> >=> 1>;55 7K1:> 8 ?@5@K2=>. @0:B8:8 8=B53@0F88 ?>72>;ONB 53> A45;0BL 1>;55 OA=K< 8 @07<5I0BL 2 =5< F5;8 8 ?CB8 8E 4>AB865=8O. @8=F8?80;L=> B>, GB> 5ABL ?@>AB@0=AB2>, 2 :>B>@>< ?@>;5305B 20H0 ?5@A>=0;L=0O 4>@>30 ?0<OB8. 8GB> =5 70?@5I05B 4C<0BL, GB> =0 =5:>B>@>< @0AAB>O=88 <>3CB @0A?>;030BLAO 8 4@C385 ?CB8. ?>;=5 25@>OB=>, GB> 8E <=>3>, >G5=L <=>3>. -B> ;8=88 2@5<5=8 20H8E @>48B5;59 8 1>;55 40;L=8E ?@54:>2, 4@C38E ;N459 8 682>B=KE, 87 =0H53> <8@0 8;8 87 4@C38E 2A5;5==KE. >?@>A 2 B><, :0: =0 =8E ?>?0ABL. C40 2K A<>65B5 ?>?0ABL, MB> @5H05B 0>  20H ?CBL : =58725AB=>9 F5;8. B0:, =0G=5<. :B82878@C9B5 A>AB>O=85 <030 8 287C0;878@C9B5 A2>N ;8=8N 687=8. 7;5B8B5 =04 =59 8 A ?@85<;5<>9 4;O 20A A:>@>ABLN 428309B5AL : <><5=BC 70G0B8O. >B 8 >= ?>:070;AO, ;5B8< 40;LH5. @>;5B05< =04 =8< 8 >:07K205<AO 2 ?CAB>< ?@>AB@0=AB25. 0@8< 2 =5< 157 A:>@>AB8 8 2@5<5=8. 0> 70405B <0@H@CB. @8A<>B@8B5AL : >:@C60NI5<C ?@>AB@0=AB2C, >=> ?CAB>, => 8<55B AB@C:BC@C. ICB8B5 55, @0AB2>@8B5AL 2 =59, =0A;06409B5AL 59 AB>;L:> 2@5<5=8, A:>;L:> A>GB5B5 =C6=K<. 'B>-B> ?@82;5:;> 20H5 2=8<0=85. 0, 2K ?@81K205B5 : =5:>5<C >1J5:BC. -B> B>65 ;8=8O 2@5<5=8. =0, :0: 8 20H0, =5?@5@K2=0, 8<55B D>@<C, D0:BC@C 8 F25B. >=0G0;C >=0 :065BAO =5682>9. ?CAB8B5AL =0 =55 8 >A2>9B5AL. CABL 20A =5 A<CI05B 55 GC65@>4=>ABL. >AB>9B5 =0 <5AB5, ?>B>< A45;09B5 =5A:>;L:> H03>2. >O2;ONBAO :0:85-B> A<CB=K5 >1@07K 8 ?597068. =8 AB0=>2OBAO 1>;55 G5B:8<8 8 >6820NB. >:@C3 20A =>2K9 <8@. K A;KH8B5 72C:8 8 GC2AB2C5B5 42865=85 2>74CE0. @5<O ?>H;>. =8<0B5;L=> >A<>B@8B5AL 2>:@C3. -B> ?><5I5=85 8;8 >B:@KB0O <5AB=>ABL? ABL ;8 :B> @O4>< 8;8 2K >4=8? 5 AB>9B5 =0 <5AB5, ?>E>48B5. 'B> 2K 2848B5, GB> ?@>8AE>48B? >A;CH09B5, ?@83;O48B5AL, >ICB8B5 70?0E. B> 2K? 0948B5 75@:0;> 8;8 ?>25@E=>ABL 2>4K. >3;O48B5 =0 A51O: GB> 2K C2845;8? >=0G0;C A<CB=>5 87>1@065=85 AB0=>28BAO 1>;55 G5B:8<. 073;O48B5 A51O. 0 ?5@2K9 @07 4>AB0B>G=>. "5?5@L 2K A<>65B5 2>72@0I0BLAO AN40 5I5 =5 @07. C GB>, 8A?KB0;8 ;53:89 H>:? K 2 MB> =5 25@8B5?  2> GB> 8<5==>?  A>=, 2 83@C 2>>1@065=8O, 2 ?5@5A5;5=85 4CH, 2 35=5B8G5A:CN ?0<OBL? C 8 ?@028;L=>. 0H @5AC@A  8@>=8O. 5@8BL =5 >1O70B5;L=>, 0 ?>1K20BL AB>8B. #A?>:>9B5AL 8 ?@8?><=8B5 2 45B0;OE A2>5 ?CB5H5AB285. ><5AB8B5 2 0<C;5B 53> A8<2>;. = ?><>65B 20< 25@=CBLAO. 5 7=0N, A<>3 ;8 O 2 70>G=>9 D>@<5 >B?@028BL 20A 2 ?CB5H5AB285. @8 ;8G=>< >1I5=88 <=5 C4020;>AL >B?@028BL ;N1>3>. 57C;LB0BK A0<K5 @07=>>1@07=K5. 8G=> O ?>1K20; 2 "B5;5" :>G52=8:0, :B>-B> >:070;AO =0 10;C, >1;040O ?@>B82>?>;>6=K< ?>;><, :B>-B> 75<=K< 725@5<, 0 :B>-B> 8 G5@B 7=05B G5<. C 40 ;04=>, MB> 2A5 10;>2AB2> 8 ?@8:;NG5=8O. >;55 ?@>4C:B82=K< O2;O5BAO ?CB5H5AB285 ?> ;8=88 2@5<5=8 @50;L=>3> G5;>25:0. -B> <>65B 1KBL =54@C3, ?@>AB> 7=0:><K9 8;8 :B>-B> 87 @>48B5;59. ">B, :B> 20A 4>AB05B. &5;L 40==>3> <5@>?@8OB8O  87CG5=85 <>B82>2 53> ?>2545=8O 4;O >?B8<870F88 20H8E 2708<>>B=>H5=89. "5E=8:0 A>AB>8B 2 A;54CNI5<. @>;5B52 =04 B>G:>9 A>1AB25==>3> 70G0B8O, ?@54AB02LB5 A515 >1@07 =C6=>3> G5;>25:0. KA;5==> 2KA:068B5 ?>65;0=85 >?CAB8BLAO =0 53> ;8=88 2@5<5=8. >:0 2K 4> =55 4>18@05B5AL, 2A?><=8B5, :0: 2K A =8< ?>7=0:><8;8AL 8;8 2@5<O, :>340 =0G0;8AL :>=D;8:BK. -B> ?>72>;8B 20< >?CAB8BLAO A@07C 2 =C6=>5 <5AB> 8 2@5<O. A<>B@8B5 53> 687=5==K9 ?CBL, :0:>20 53> D>@<0 8 D0:BC@0. :B82878@C9B5 "B5:CI89" <><5=B 2@5<5=8 8 ?@>3;O48B5 A8BC0F8N 53> 3;070<8. >9<8B5 53> <>B82K 8 >3@0=8G5=8O. 5H8B5, :0:85 20< (0 =5 5<C!) =C6=K @5AC@AK, GB>1K 20H0 2AB@5G0 A 53> B>G:8 7@5=8O @07@5H8;0AL : >1>N4=><C C4>2>;LAB28N. !;54C5B CG8BK20BL, GB> >= =5 7=0:>< A 84559 8=B53@0F88 8 A?>A>15= ?@54;>68BL 20< B>;L:> B>, GB> 5<C 4>ABC?=> A0<><C 8 =5 @07@CH05B 53> >3@0=8G5=8O. -B> <>3CB 1KBL B5@?5=85, ?>=8<0=85, 4>1@>65;0B5;L=>ABL, ?@8O7=L, E>@>H55 A0<>GC2AB285 8 B.?.  8AE>4=>9 A8BC0F88 2K 8E =5 8<5;8, 0 5<C B@51>20;8AL 20H0 ?><>IL 8 ?>=8<0=85. @8<8B5 53> 40@ 8 >F5=8B5, AB0;0 ;8 A 53> B>G:8 7@5=8O A8BC0F8O 1;03>?>;CG=>9 2A;54AB285 87<5=5=8O 20H53> ?>2545=8O. A;8 2A5 =>@<0;L=>, ?5@5=5A8B5AL ?> 53> ;8=88 2@5<5=8 2 A;54CNI89 ?@>1;5<=K9 M?87>4. ?OBL ?@>3;O48B5 A8BC0F8N 53> 3;070<8, ?>9<8B5 53> ?>78B82=K5 >6840=8O ?> ?>2>4C 20H8E 459AB289. 50;87C9B5 53> =04564K 8 >F5=8B5 @57C;LB0B 53> 3;070<8. 28309B5AL ?> ;8=88 2@5<5=8 40;LH5, ?@8>1@5B0O 7=0=85 > 53> <>B820E 8 B@51>20=8OE : 20H5<C ?>2545=8N. E, :0: ?@028;>, =5<=>3> 8 >=8 @07 70 @07>< ?>2B>@ONBAO. >1K202 2 M?87>45 20H59 ?>A;54=59 2AB@5G8, 428309B5AL 40;LH5 2 1C4CI55. >>1@078B5 ?@8<5@=CN A8BC0F8N, 2 :>B>@>9 2K 2AB@5B8B5AL 8 ?>@04C5B5 53> 8<5==> B>9 @50:F859, =0 :>B>@CN >= C65 8 =5 =0455BAO. 5@56828B5 MB>B AN@?@87 A 53> ?>78F88 8 >?B8<878@C9B5 2 =C6=>< :;NG5 A2>8 459AB28O. = 4>;65= @57:> 87<5=8BL > 20A A2>5 <=5=85 2 ?>;>68B5;L=CN AB>@>=C. !<>45;8@C9B5 5I5 =5A:>;L:> ?>4>1=KE A8BC0F89, GB>1K CB>G=8BL AB@0B538N A2>53> ?>2545=8O.  8450;5 2K 4>;6=K 2K720BL C >??>=5=B0 1C@=K5 ?>78B82=K5 M<>F88, 1;87:85 : >G8I0NI8< 4CHC A;570<. >1;03>40@8B5 53> 8 25@=8B5AL 2 A2>5 =0AB>OI55. >4C<09B5, A<>65B5 ;8 2K =0O2C 25AB8 A51O 8A:@5==5 8;8, ?> :@09=59 <5@5, =5 ;8F5<5@O. 025@=>5, 2K 8 @0=LH5 ?>4>7@520;8, GB> >B 20A E>BOB. 04C<09B5AL, GB> <5H0;> 53> @50;87>20BL, ?>?@>1C9B5 AD>@<C;8@>20BL MB> >3@0=8G5=85. 1KG=> 2AB@5G0NBAO A;54CNI85 20@80=BK. CABL >= (>=0) 2545B A51O B0:, :0: O E>GC. / =5 E>GC GC2AB2>20BL A51O ?;>E> (?>15645==K<, C=865==K<, ?@8=C645==K< 8 B.?.). -B> =5?@85<;5<>, B0: :0: B@51C5B >B <5=O ?>ABC?8BLAO ?@8=F8?0<8. >B >=8, >3@0=8G820NI85 C15645=8O, =0 :>B>@K5 <K 8 2545< >E>BC. >28B5 8E 8 ?@5>1@07C9B5 2 ?>78B82=K5. 0:? @84C<09B5 A0<8, 0 O >1 MB>< @0AA:06C ?>765. >A;5 B>3>, :0: C15645=8O ?5@5AB0=CB 20< <5H0BL, A<>45;8@C9B5 2>7<>6=CN A8BC0F8N =0 A2>59 ;8=88 2@5<5=8 8 >?@545;8B5, GB> 1C45B 2:;NG0BL 20H5 =>2>5 ?>2545=85. 1KG=> MB> >A>1>5 2K@065=85 ;8F0, A?5F8D8G5A:89 B>= 3>;>A0, 65ABK, :>=:@5B=K5 A;>20 >??>=5=B0, B>, GB> 70AB02;O;> 20A @0=55 2?040BL 2 =565;0B5;L=>5 :>=D;8:B=>5 A>AB>O=85. @>6828B5 M?87>4 8 >F5=8B5, :0: 87<5=8;>AL 20H5 >B=>H5=85 : MB>9 >A>15 2 ?@542:CH5=88 1C4CI53> AN@?@870 8 ?>;=>3> ?>=8<0=8O 55 ?>B@51=>AB59. >AB0@09B5AL ?>A:>@55 @50;87>20BL 704C<0==>5 8 ?>@04C9B5AL A>1AB25==>9 ?@>7>@;82>AB8. @>4C<09B5 40;L=59HCN AB@0B538N >1I5=8O, =>2K5 AN@?@87K, ?>72>;ONI85 ?>;CG0BL 8A:;NG8B5;L=> ?>;>68B5;L=K5 M<>F88. 045NAL, 2K C65 >1@5;8 B@51C5<CN 381:>ABL ?>2545=8O 8 =5 1C@G8B5 ?> ?>2>4C ;8F5<5@8O, ;682>AB8 8 1;N4>;87<0. 5@5G8A;5==K5 AB@0B5388 8A?>;L7CNBAO ;N4L<8 4;O 4>AB865=8O C7:>:>@KAB=KE F5;59 8 O2;ONBAO 45AB@C:B82=K<8, B0: :0: =0?@02;5=K :0: ?@>B82 >1J5:B0 (>1<0=CBL, >4C@0G8BL, CB25@48BL 2 ;>6=>< GC2AB25 A>1AB25==>9 206=>AB8), B0: 8 ?@>B82 AC1J5:B0 (CA8;820NB 4578=B53@0F8N ;8G=>AB8, C:@5?;ONB GC2AB2> ?@52>AE>4AB20 =04 4@C38<8, 2K7K20NB >B2@0I5=85 C 4@C38E ;N459). K 65 30@<>=878@C5B5 A8BC0F8N 2A5>1I8< C4>2>;LAB285<, @50;87C5B5 G0O=8O 206=>3> 4;O 20A G5;>25:0, CA8;8205B5 A>1AB25==CN 8=B53@8@>20==>ABL 70 AG5B >2;04520=8O @0=55 =54>ABC?=K<8 A>AB>O=8O<8, ?@0:B8:C5B5 :>=B@>;8@C5<CN 3;C?>ABL, 2K7K205B5 >4>1@5=85 >:@C60NI8E. 4=0 87 7040G 84CI8E ?> ?CB8 8=B53@0F88 - >A2>8BL <0:A8<0;L=>5 G8A;> ?A8E>D878G5A:8E A>AB>O=89. -B> ?>72>;O5B @0AH8@8BL 4>ABC? : ?0<OB8 8 C?@02;OBL A2>8<8 M<>F8O<8, ?>=8<0BL <>B82K 4@C38E 8 :@0BG09H8< ?CB5< 4>AB830BL ?>AB02;5==KE F5;59, AB0BL 381:8< 8 =03@0640BL 4@C38E ;N459 @5AC@A=K<8 ?5@56820=8O<8. >?CB=> 2K 2KA;568205B5 >3@0=8G820NI85 C15645=8O: O B0: =5 <>3C, MB> ?@>B82=>, MB> =5E>@>H>, 4;O <5=O MB> =5?@85<;5<>, ?CABL A=0G0;0 >= 8 B.?. @8<5=O9B5 MBC B5E=8:C :> 2A5< ;N4O<, >1I5=85 A :>B>@K<8 =5 ?@8=>A8B C4>2>;LAB28O. 0H ?@56=89 AB8;L 2708<>459AB28O A =8<8 >?CB0= AB5@5>B8?0<8 8 B09=K<8 >1840<8. @5>1@07C9B5 8E 8 ?>;CG09B5 =>2K5 @072;5G5=8O 8 C4>2>;LAB28O. >B0:09B5 GC68< >6840=8O<, => 1C4LB5 2A5340 =5?@54A:07C5<K<8, GB>1K A>E@0=8BL A2565ABL >B=>H5=89. ">340 4@C385 ;N48 =5 A<>3CB "A5ABL 20< =0 3>;>2C". "@5=8@C9B5 381:>ABL 8 2;045=85 @07=>>1@07=K<8 @5AC@A0<8. 045NAL, GB> @07@O60BL <8=K =530B82=KE M<>F89, @071@>A0==KE ?> 2>A?><8=0=8O<, 2K C65 =0CG8;8AL. 0AB0;0 ?>@0 C7=0BL, :0: 2;8OBL =0 A2>8 C15645=8O. 0 ?5@2K9 273;O4 MB> ?>:065BAO AB@0==K<, => G5< <5=LH5 2K 1C45B5 8<5BL C25@5==>AB8 2 A2>59 ?@02>B5, B5< ;53G5 20< 1C45B 68BL. N1>5 CB25@645=85  MB> AB5=0, >B3>@06820NI0O G0ABL 2=CB@5==53> <8@0 8 45;0NI0O 55 =54>ABC?=>9. !2>1>40  MB> 2>7<>6=>ABL 2K1>@0 87 <0:A8<0;L=>3> G8A;0 20@80=B>2.  :0: 2K18@0BL, 5A;8 G0ABL ?CB59 ?5@5:@KB0 =03;CE>? ! C15645=8O<8 <>6=> GB>-B> A45;0BL, 5A;8 >=8 E>BL :0:-B> AD>@<C;8@>20=K. >4>94CB 4065 ?@>AB59H85 D>@<K: B0: =5;L7O, B>;L:> B0: 8 =C6=> 459AB2>20BL, MB> ?;>E> (E>@>H>). '5< ?>4@>1=55 D>@<C;8@>2:0, B5< 1KAB@55 <>6=> 4>AB8GL 65;05<>3> @57C;LB0B0. 5 1>9B5AL, 20H8 >A=>2>?>;030NI85 8458  MB> 25@>20=8O, 0 8E ?@>ABK<8 B5E=8:0<8 =5 ?@>9<5HL. B0:, C15645=85 >1=0@C65=>, AD>@<C;8@>20=> 8 ?@87=0=> >3@0=8G820NI8< 20H8 2>7<>6=>AB8. 3> =52>7<>6=> >B<5=8BL A ?><>ILN ;>38G5A:8E 4>2>4>2. -B> A2O70=> A B5<, GB> >=> >1O70B5;L=> 2:;NG05B 2 A51O A2>5 >1>A=>20=85, E>BO 8 =5 AD>@<C;8@>20==>5 2 O2=>< 2845. A;8 8E @0745;8BL, >3@0=8G5=85 ;>?=5B, :0: <K;L=K9 ?C7K@L. 0AA<>B@8< =0 :>=:@5B=>< ?@8<5@5. >7<>6=>, 20A :>@>18;> 8A?>;L7>20=85 2 40==>9 @01>B5 A;>2 <03 8 <038G5A:89. !:>@55 2A53>, 2K ?>AG8B0;8 8E <5B0D>@0<8 8 B5< A3;048;8 A8BC0F8N.  7@O. -B> ":>@>1;5=85" (=5?@8OB=0O M<>F8O) A2845B5;LAB2C5B > ACI5AB2>20=88 C25@5==>AB8: <03>2 =5B 8;8 O =5 <>3C AB0BL <03><. 0409B5 A515 2>?@>A: "  ?>G5<C, A>1AB25==>?" -B> <>9 ;N18<K9 2>?@>A, C:@045==K9 C 20=5F:>3>. 0409B5 53> ;N1><C G5;>25:C, :>B>@K9 2KA:065B :0:>5 ;81> CB25@645=85. 450;L=K9 A?>A>1 2K18BL 53> 87 ?@82KG=>3> AB5@5>B8?0 <KH;5=8O. >?@>1C9B5! K ?>;CG8B5 :CGC ?>;>68B5;L=KE M<>F89, =01;N40O 53> 70<5H0B5;LAB2> 8 A<5=C 2K@065=89 ;8F0. -B> <038G5A:89 2>?@>A, 70AB02;ONI89 ?@8=C48B5;L=> 87<5=8BL A2>5 A>AB>O=85. >B B8?8G=K9 ?@8<5@, :>340 2K @50;87C5B5 B>, G53> ?> 20H5<C <=5=8N =5 <>65B 1KBL. #2K, MB8< 701;C645=85 B0: ?@>AB> =5 ?@>9<5HL. 5@=5<AO 2 8AE>4=CN B>G:C.  ?>G5<C, A>1AB25==>, 2K =5 <>65B5 AB0BL <03><? !D>@<C;8@C9B5 >B25B. 025@=>5, GB>-B> 2@>45: " >B><C, GB> <03>2 =5 1K205B".  2>B 8 >1>A=>20=85 ?@>@570;>AL. => 2=CH8B5;L=> ?> D>@<5, => 15AA<KA;5==> ?> A>45@60=8N.  ?>G5<C, A>1AB25==>, <03>2 =5 1K205B? ">B><C, GB> >=8 1K20NB B>;L:> 2 A:07:0E". 0A;048B5AL 0@3C<5=B0F859: <03>2 =5 1K205B, ?>B><C, GB> >=8 1K20NB. 0<5G0B5;L=>, 40;LH5 <>6=> =5 ?@>4>;60BL  =8G53> 1>;55 C<=>3> =5 CA;KH8B5. >6=>, :>=5G=>, ?>@072;5:0BLAO, 70O282: "A;8 1K20NB A:07:8, B> 1K20NB 8 <038!". > MB> C65 87 >1;0AB8 =0<5@5==>3> 874520B5;LAB20. 0: 3>2>@8; :;0AA8:, A ?@>H;K< =04> @0AAB020BLAO A<5OAL. @>GB8B5 A;54CNI85 D@07K 2 A;CE. "03>2 =5 1K205B!", >@0; :@>;8:, :>340 53> 70 CH8 2KB0A:820;8 87 F8;8=4@0. "03>2 =5 1K205B!", 1C1=8; AB0@8: %>BB01KG, 70?820O 2>4:C ?82><. "03>2 =5 1K205B!", E@8?5; ?>:>9=8:, =5 65;0O >6820BL. ">B 8 =5B <030!", :>=AB0B8@>20; 4@0:>=, :>2K@OOAL 2>;H51=>9 ?0;>G:>9 2 7C10E.  :018=5B5 702<030 28A5;> >1JO2;5=85: " 03>2 =5B 8 =5 1C45B!". "5=O =5B!", 3>2>@8; <03, :>340 : =5<C ?@8E>48;8 4>:CG;82K5 ?>A5B8B5;8. ">30 =5B!", ?@>2>73;0H0; :><<C=8AB, B09=> >A5=OO A51O :@5AB><. "820 =5B!", 25@5I0;0 >D8F80=B:0. "=> B>;L:> 4;O CG0AB=8:>2 10=:5B0!" "ABL ;8 687=L =0 0@A5, =5B ;8 687=8 =0 0@A5, =0C:5 4>?>4;8==> =5 8725AB=>". "03>2 =5B, 0 <03=>;88 5ABL!", CB25@640NB 1>B0=8:8. "'53> C =0A B>;L:> =5B: G53> =8 E20B8HLAO, B>3> 8 =5B!" "!:07:8 2A5 MB>!", 3>2>@8; ?5=A8>=5@, A;CH0O @0AA:07K > 703@0=8F5. C, :0: ?>68205B 20H5 C15645=85? A;8 ?@>=O;>, 8A?>;L7C9B5 MBC <5B>48:C 8 2 40;L=59H5<. $@07K <>65B5 A>G8=OBL A0<8 8;8 ?>418@0BL =C6=K5 H01;>=K 87 :=83 ?> . A;8 =5 ?><>3;>, 8A?>;L7C9B5 4@C385 <5B>48:8. @54AB02LB5 A515 ABC;. 0O28B5 ?@> A51O: "-B> ABC;!" O4>< @0A?>;>68B5 >1@07 4@C3>3> ?@54<5B0, =0?@8<5@, ;>6:8. ;O4O =0 =53>, B0:65 ?@>2>73;0A8B5: "-B> ABC;!" #45@6820O >10 87>1@065=8O 2 ?>;5 7@5=8O, 2KOA=8B5, :0:8<8 AC1<>40;L=>ABO<8 >=8 >B;8G0NBAO ?@8=F8?80;L=>. >7<>6=>, ;>6:0 =0G=5B 4@>60BL 8;8 AB0=5B =5 2 D>:CA5. # >4=>3> 87>1@065=8O 1C45B @0<:0, 0 C 4@C3>3> =5B. >65B 1KBL, >=8 1C4CB >B;8G0BLAO ?> @07<5@C, O@:>AB8 8;8 4@C38< ?0@0<5B@0<. 0948B5 :0: <>6=> 1>;LH5 @07;8G89. AB02LB5 >48= ABC; 8 >?@545;8B5 :@8B8G5A:85 AC1<>40;L=>AB8, O2=> 2;8ONI85 =0 AB5?5=L C15645==>AB8. !45;09B5 87>1@065=85 <0;5=L:8<, 70B5< B5<=K<, 70AB02LB5 53> AB0BL =5G5B:8<, ?CABL >=> 1C45B =5<=>3> 4@>60BL. >83@09B5 A F25B><, C15@8B5 8;8 4>102LB5 D>=. 5@2K<8 ?>?@>1C9B5 <5=OBL ?0@0<5B@K, >?@545;5==K5 2 C?@06=5=8O 2 =0G0;5 40==>3> @0745;0. >159B5AL B>3>, GB>1K 2>7=8:;> A><=5=85, 0 ABC; ;8 MB>? 0945==K5 :@8B8G5A:85 AC1<>40;L=>AB8 >?@>1C9B5 ;>6:5 B0:8< >1@07><, GB>1K C 20A 2>7=8:;> A><=5=85: 0, <>65B 1KBL, MB> 2A5-B0:8 ABC;? :;NG8B5 A2>8 B2>@G5A:85 A?>A>1=>AB8 8 ?@54AB02LB5 A515 ABC; 2 D>@<5 ;>6:8. :>=G0B5;L=> >?@545;8B5AL, :0:85 AC1<>40;L=>AB8 CA8;820NB 8 >A;01;ONB C15645==>ABL. 0?8H8B5 8E 2 1;>:=>B. @8<5=8B5 ?>;CG5==K5 7=0=8O : C15645=8N: "03>2 =5 1K205B". !>7409B5 A>>B25BAB2CNI55 5<C 87>1@065=85 8 ?>83@09B5 A =8< A ?><>ILN :@8B8G5A:8E ?0@0<5B@>2. >159B5AL A=0G0;0 A><=5=8O 2 40==>< CB25@645=88, 0 ?>B>< C25@5==>AB8, GB> <038 ACI5AB2CNB. 0:@5?8B5 CA?5E, ?>@01>B09B5 A ;N1K< 4@C38< A2>8< C15645=85<. 0?@8<5@, A B5<, GB> 2K A53>4=O C65 ?>5;8.  A;CG05 CA?5E0 8<55B5 ?>;=>5 ?@02> ?>4:@5?8BLAO. ABL 8 8=K5 A?>A>1K ;8H0BL A51O =5=C6=>9 C25@5==>AB8. >>1@078B5 A51O :>=:@5B=K< G5;>25:><, C :>B>@>3> 40==>3> C15645=8O =5B. 045NAL, 2 45BA:>< 2>7@0AB5 2K 25@8;8 2 540 >@>70 8 ?@>G8E 2>;H51=8:>2? >A?>;L7C9B5AL A>1AB25==K< >?KB>< 8 2A?><=8B5 A51O <0;5=L:>3>. A;8 MB> =5 C405BAO, 2>>1@078B5 A51O @50;L=K< 7=0:><K< <0;5=L:8< @515=:><. >A<>B@8B5 =0 <8@ 53> 3;070<8, :0:>9 >= B08=AB25==K9 8 70304>G=K9, :0: E>@>H> 8<5BL 7=0:><>3> 2>;H51=8:0 8 :0: =5?;>E> A0<><C AB0BL B0:8<. 7 MB>9 65 ?>78F88 2>>1@078B5 A51O 27@>A;>3>, <030 2 ?>;=>< @0AF25B5 A8;. 0O:>@8B5 MB> >ICI5=85 8 ?><5AB8B5 53> 2 0<C;5B. C GB>, :0: 2K B5?5@L >B=>A8B5AL : <030< 8 <0388? ">;L:> =5 2?0409B5 2 M:70;LB0F8N 8 =5 :@CH8B5 A@07C 2A5 A2>8 C15645=8O, =5 2548B5 A51O :0: A;>= 2 ?>AC4=>9 ;02:5. 5=O9B5 2 A515 B>;L:> B>, GB> 20A >3@0=8G8205B, 8=0G5 2K @8A:C5B5 ?>;CG8BL <>@A:CN 1>;57=L. 0102=>, GB> =0 <5AB5 AB0@KE C15645=89 >1KG=> 2>7=8:0NB =>2K5. !;548B5 70 B5<, GB>1K >=8 1K;8 ?>1C48B5;L=K<8. 081>;55 C4>1=K< O2;O5BAO "@578=>2K9" B578A: 2A5 <>65B 1KBL =0 15;>< A25B5. ;8: ;N1>5 AC645=85 2A5340 >B=>A8B5;L=>. !:5?A8A  MB> @5AC@A. >B B5?5@L 2K ?>;=>ABLN 3>B>2K : 459AB28N. ?5@54 2 ?@>H;>5! A?><8=09B5 :0: <>6=> 1>;LH5 M?87>4>2 8 @540:B8@C9B5 8E >LPx|~R T p ~BB:WBWh(i.SPT^^eBe:X\4\68n|~ȸȱȭ୤­ԭଡ଼୕ଡ଼୎ h$hbU hb5hbmH sH  jphbCJhb hb5CJhbCJmH sH  hbCJ hbCJ hbCJ hb6 hb6CJ( hb5CJ hbCJ(hb56CJ(hbCJ(mH sH 8  LNPxz|~R T V X Z \ ^ ` b d f h  ^ $a$ $^`a$$a$h j l n p P t H!!"6"f"""f##&~).$a$$a$$a$.T2:=h@|B~BF.GGG"HHVJKKlLM~T WYN^`jbxdeh(i$a$$a$$a$(i@BDFHJLNPRTVXZ\^`^`bdfhjlnprtvxz|~|$`a$`|ŸĦ֩$Jܾz & F`  02$a$26x  %(-x38;GLlPPT & F & F`>N^  d!!Z"#*r0"59\ \ \\2\4\tbefghi~j & F$`a$`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www.simoron.orc.ru . ;O 1>;55 ?@>428=CB>9 ?C1;8:8 ?@54;030N A;54CNI85 A>>1@065=8O. >4 >1J5:B>< 2>7459AB28O <>6=> ?>=8<0BL 2A5, GB> C3>4=>: >B :>=:@5B=>3> G5;>25:0, :>B>@>3> 65;0B5;L=> ?>1C48BL : >?@545;5==K< 459AB28O<, 4> 3>A?>40 >30.  ?@><56CB:5 <>3CB =0E>48BLAO A8<>@>=A:89 0=5G:0, 20H 8;8 GC6>9 0=35;-E@0=8B5;L, 4CE ?>3>4K, A0<0 A8BC0F8O, =5:89 <0B5@80;L=K9 >1J5:B 8 B.?. A;8 2K A>18@05B5AL @01>B0BL ?@54<5B><, 5<C =C6=> ?@840BL =5:>B>@CN 0=B@>?><>@D=CN ACI=>ABL (8=D>@<0F8>==CN AB@C:BC@C), A :>B>@>9 8 A;54C5B >1I0BLAO. A;8 MB> 1KB>20O B5E=8:0 8;8 8=>5 CAB@>9AB2>, @5:><5=4CN 0?5;;8@>20BL : 53> A>740B5;N (:>=AB@C:B>@C, @07@01>BG8:C, 48@5:B>@C 702>40, 3>@>4>2><C 8 B.4.). =8 ?> >B=>H5=8N : ?@54<5BC O2;ONBAO 2KAH8<8 ACI=>ABO<8.  A2>N >G5@54L, =04 =8<8 <>3CB ACI5AB2>20BL >1J5:BK 2>7459AB28O 1>;55 2KA>:>3> ?>@O4:0 (65=0, B5I0, 4CE8, 0=35;K 8 B.?.). #;>28BL, :0:>9 >1J5:B 2>7459AB28O O2;O5BAO =081>;55 ?>4E>4OI8<, <>6=> B>;L:> 70 AG5B A8=E@>=870F88 A B5:CI8< A>AB>O=85< 45;. =0;>38G=K9 ?>4E>4 @5:><5=4CN 8 4;O ;N459. 081>;55 MDD5:B82=> 2>7459AB2>20BL =5 =0 =8E, 0 =0 >1J5:BK, >?@545;ONI85 8E ?>2545=85. >ABC?09B5 A;54CNI8< >1@07><: >AB0=>28B5 2=CB@5==89 480;>3 8 4>648B5AL >B25B0 =0 ?>AB02;5==CN ?@>1;5<C. %20B09B5AL 70 ?5@2>5 ?@54;>65=85  >=> A0<>5 25@=>5. @8 @01>B5 A A8BC0F859 2 F5;><, @5:><5=4CN ?@8<5=OBL B5E=8:C 27<0E0. AE>4=K9 >1@07  B5:CI55 ?5G0;L=>5 A>AB>O=85 45;, :>=5G=0O :0@B8=:0  48A>F88@>20==>5 87>1@065=85 A8BC0F88, @07@5H82H59AO A0<K< 48:8< >1@07>< : 2A5>1I5<C C4>2>;LAB28N. 715309B5 BC?>3> 2K?>;=5=8O 65;0=8O (?>;CG5=85 45=53, 2K74>@>2;5=85 @>4AB25==8:0 8 B.?.). 59AB2>20BL =04> ?>-EC;830=A:8 8 A0<K< =5?>B@51=K< >1@07><. 8:>ABL 8 =5A>>1@07=>ABL ?@54;0305<>3>  70;>3 CA?5E0, B0: :0: MB> ;CGH89 A?>A>1 ?@82;5GL 2=8<0=85 >1J5:B0 2>7459AB28O 8 ?>1C48BL 53> ?@8=OBL CG0AB85 2 >@30=87C5<>9 20:E0=0;88. @><5 B>3>, G5< A8;L=55 =5AC@07=>ABL ?@84C<0==KE 20<8 28@BC0;L=KE 8;8 @50;L=KE 459AB289, B5< A8;L=55 2K 8A:0605B5 AB@C:BC@C >:@C60NI53> ?>B>:0 8=D>@<0F88, B5< ?@>I5 ?@>8725AB8 53> @5>@30=870F8N. 5A5;0O 157C<=>ABL C:@5?8B 20H5 @5AC@A=>5 A>AB>O=85. ><=8B5: =5 1K205B ?;>E8E 8;8 848>BA:8E A8BC0F89, 5ABL A>>B25BAB2CNI55 : =8< >B=>H5=85. 0 E>4 A>1KB89 <>6=> 2>7459AB2>20BL 8 G5@57 0=B@>?><>@D=K5 >1@07K 0=5G:8, 4CE0 A?@0254;82>AB8, 4><>2>3> 8 ?@. A;8 2K =525@CNI89 2 :@09=8E A8BC0F8OE ?>4:;NG09B5 3>A?>40 >30, ?CABL 8 >= >BBO=5BAO =0 A2>5< B@C4=>< ?>ABC. K =8:>3> 87 =8E =5 ?@8=C6405<, B>;L:> >1@0I05< 2=8<0=85 =0 A51O 8 =0 65;05<K9 @57C;LB0B.  2>B CG0AB2>20BL 2 ?@54;0305<>< @072;5G5=88 8;8 =5B  8E ;8G=>5 45;>. 0: ?>:07K205B ?@0:B8:0, G5< 1>;LH5 B2>@G5AB20 2:;04K205BAO 2 <038G5A:89 ?@>F5AA, B5< 70<5G0B5;L=59 >:07K20NBAO 53> @57C;LB0BK. !;54CNI0O @5:><5=40F8O. @8 @07@01>B:5 <038G5A:>3> 2>7459AB28O 8715309B5 :>=:@5B=>9 D>@<C;8@>2:8 A2>53> 65;0=8O. 0?@8<5@, E>GC ?>;CG8BL ?OB5@:C =0 M:70<5=5. >-?5@2KE, MB> A:CG=>, 2>-2B>@KE, <=>3> 20A, <5GB0NI8E > 1;03>45=AB288, 8 =5B ?@8G8=K C4>2;5B2>@OBL 20H8 ?@8BO70=8O. -B@5BL8E, =53>65 15A?>:>8BL C20605<KE ACI=>AB59 ?> ?CABO:0<, >=8 <>3CB 8 >1845BLAO. >@074> MDD5:B82=55 30@<>=878@>20BL A8BC0F8N : 2A5>1I5<C C4>2>;LAB28N. >6=> ?>ABC?8BL A;54CNI8< >1@07><. >A:>;L:C <K 8<55< <5;:CN 1KB>2CN ?@>1;5<C, B> 2 =55 =5 A;54C5B 2>2;5:0BL >1J5:BK 2>7459AB28O 2KA>:8E C@>2=59. K18@0BL ?@5?>40 2 :0G5AB25 F5;8 <038G5A:8E 459AB289 =5@0F8>=0;L=> ?> A;54CNI8< A>>1@065=8O<. >-?5@2KE, MB> A;8H:>< ?@O<>;8=59=> 8 =58=B5@5A=>. >-2B>@KE, 65;0B5;L=> ?>701>B8BLAO 8 > A2>8E :>;;530E  ABC45=B0E. A;8 >=8 ?>;CG0B =5206=K5 >B<5B:8, 2K =5 A<>65B5 E>@>H> 8 A GC2AB2>< >B?@074=>20BL A40==K9 M:70<5=. -B@5BL8E, ?@O<>5 2>7459AB285 =0 ?@5?>40 5ABL 0:B 53> ?@8=C645=8O, 0 MB> =54>AB>9=> 8=B53@8@>20==>9 ;8G=>AB8. >4C<05<, :B> <>65B 2;8OBL =0 M:70<5=0B>@0 2 @50;L=>9 687=8: 70254CNI89 :0D54@>9, @5:B>@, 65=0 8 45B8. 'B>-B> 20< ?>4A:07K205B, GB> ;CGH5 2A53> ?>H0;8BL A 45BL<8. >?CAB8<, 2K <C65A:>3> ?>;0, 0 C ?@5?>40 5ABL 4>GL (2 @50;L=>9 687=8 55 <>65B 8 =5 1KBL, 2 28@BC0;L=>< 55 ?@8ACBAB285 2?>;=5 4>?CAB8<>). :;NG05< 2>>1@065=85. !204L10. K A 4>G:>9 2> 3;025 AB>;0. 0 =8< A84OB @5:B>@, 70254CNI89 :0D54@>9, 20H0 B5I0, 2AO CG51=0O 3@C??0. A5 AG0AB;82K, C;K10NBAO 8 C65 ?@8=O;8 ?0@C @N<>:. >G:0 2K3;O48B =0 2A5 AB>, 8 2K 2A5< 4>2>;L=K. AB05B B5ABL (?@5?>4), @>=O5B A:C?CN <C6A:CN A;57C 8 ?>4 2A5>1I55 ;8:>20=85 2@CG05B A2>9 A20451=K9 ?>40@>:  >3@><=CN 70G5B:C A 68@=>9 H5AB5@:>9 70 M:70<5= 8 :@8G8B "3>@L:>". $>=>< 72CG8B <0@H 5=45;LA>=0. A;8 20A ?@>1@0;>, 8 2K E8E8:=C;8, 20@80=B ?@8=8<05BAO. "5?5@L 2> 2@5<O ?>43>B>2:8 8 =0 A0<>< M:70<5=5 4>AB0B>G=> =0A28ABK20BL A20451=K9 <0@H. -B> 8 1C45B <038G5A:8< 72C:>2K< 70:;8=0=85<. 0< >15A?5G5=> E>@>H55 @5AC@A=>5 =0AB@>5=85, 7=0=8O CA20820NBAO A> A28AB><. 0 M:70<5=5 2K C;K105B5AL 8 3;O48B5 =0 ?@5?>40 25A5;> 8 ?>-@>4AB25==><C. = C482;O5BAO, A<CI05BAO 8 4>1@55B. 0<  ?OB0:, 0 3@C??0 845B ?8BL ?82>. 0==K9 ?@8<5@ 8<55B 2A5 ?@87=0:8 <038G5A:>3> 459AB28O: :><?;5:A=K9 >1J5:B 2>7459AB28O, 2:;NG5=85 2 A8BC0F8N 2A5E 7=0G8<KE ;8F, 1@54>20O :><8G=>ABL 28@BC0;L=>3> 459AB20, OA=> >1>7=0G5==K9 AC1J5:B 8 >68405<K9 8< @57C;LB0B, <038G5A:89 72C:>2>9 A8<2>;  <0@H 5=45;LA>=0.  =54>AB0B:0< <>6=> >B=5AB8 25@>OB=>ABL ?>1>G=KE MDD5:B>2. G5=L <>65B 1KBL, GB> ACI=>ABL, 2:;NG82H8AL 2 83@C, 4>1028B A2>53> N<>@0 2 MB>B ?@>F5AA. "0: ?>A;5 MB>3> =5 8A:;NG5=0 20H0 A:>@>?>AB86=0O A204L10, :>A25==> A2O70==0O A :5<-;81> 87 70459AB2>20==KE 2 <038G5A:>9 AF5=:5 ?5@A>=0659.  ?>1>G=KE MDD5:B0E A;54C5B A:070BL >A>1>. =>340 ?;>E> >@30=87>20==K5 <038G5A:85 <5@>?@8OB8O =5 ?@8=>AOB 65;05<>3> @57C;LB0B0, 0 2>B ?>1>G=KE ?>A;54AB289 E>BL ?@C4 ?@C48. >7<>6=K A;CG08, :>340 5ABL B@51C5<K9 @57C;LB0B 8 <=>3> 4>?>;=8B5;L=KE, =5 2A5340 ?@8OB=KE ?>A;54AB289. @8254C ?@8<5@ 87 ?@0:B8:8. 4=><C 87 <>8E 548=><KH;5==8:>2 1K;8 4>;6=K :@C?=CN AC<<C 45=53. = 8E 70@01>B0; G5AB=K< B@C4><, => @01>B>40B5;L >G5=L =5 E>B5; 8E >B4020BL. @> =53> 1K;> 8725AB=>, GB> >= BI5A;025= 8 60645B >1I5AB25==>3> ?@87=0=8O. >;;530 2>>1@078; A;54CNICN <038G5A:CN A8BC0F8N. >;6=8: AB>8B =0 ?0;C15 2>5==>3> :>@01;O 2 :0?8B0=A:>9 D>@<5. <C =0 3@C4L F5?;ONB >3@><=K9 1@8;;80=B>2K9 >@45=. !C4=> <54;5==> ?@>?;K205B <8<> 15@530, =0 :>B>@>< AB>OB B>;?K ?@825BAB2CNI8E ;N459, A@548 :>B>@KE 02B>@ MB>3> 157>1@078O. ;O CA8;5=8O :><8G=>AB8 D>=>< 72CG8B <0@H %>@AB 5AA5;L. 1J5:B 2>7459AB28O B05B >B C4>2>;LAB28O.  :0G5AB25 70:;8=0=8O 1K; 2K1@0= MB>B 2>5==K9 <0@H, B0: :0: :>;;530 ?>G5<C-B> ;N18; 1@02C@=K5 2>5==K5 =5<5F:85 ?5A=8. -DD5:BK ?>;CG8;8AL A;54CNI85. !B@064CI89 =0G0; A> 2A5E AB>@>= ?>;CG0BL =51>;LH85 AC<<K 45=53. <5AB> >68405<KE 2K?;0B >= ?>;CG0; 2 ?>;B>@0 @070 1>;LH5. K;8 8 =5>6840==K5 4>E>4K. < 1K;> ?@87=0=>, GB> E>BO @57C;LB0B 8 1K;, => =5 AB>;L:> 8 =5 >BBC40. >MB><C <038G5A:>5 70:;8=0=85 1K;> ?>425@3=CB> <>48D8:0F88. 0 >1J5:B 2>7459AB28O ?>25A8;8 1>:A5@A:85 ?5@G0B:8 (>= 1K2H89 1>:A5@), 53> D>@<0 1K;0 70<5=5=0 =0 04<8@0;LA:CN, >@45= AB0; 1>;LH5 8 H8:0@=59. %>@AB 5AA5;L =0A28ABK20;AO 3>@074> G0I5. 57C;LB0B 2KH5; =5>6840==K<. >;;535 ?>72>=8;8 @>4AB25==8:8 87 5@<0=88 8 A>>1I8;8, GB> >=8 >:070;8 CA;C3C >4=><C @CAA:><C 187=5A<5=C, 0 B>B 2 1;03>40@=>ABL ?KB05BAO >B40BL 45=L38 2 =5<5F:8E <0@:0E. -BC AC<<C, 0 >=0 A>2?040;0 A @07<5@0<8 2>645;5==>3> 4>;30, =0 4=OE ?5@5404CB 5<C 2 :0G5AB25 @>4AB25==>9 3C<0=8B0@=>9 ?><>I8. A5 B0: 8 ?@>87>H;>. !>GBO 70 ;CGH55, :>;;530 ?@5:@0B8; A2>8 ?>?KB:8 ?>;CG8BL 4>;3. F5=8B5 N<>@ A8BC0F88 8 25A5;>ABL =@020 ?>15A?>:>5==>9 ACI=>AB8. 8G=> O ?>4>7@520N, GB>, 5A;8 1K <>9 7=0:><K9 ?@>4>;60; C?>@AB2>20BL 2 A2>5< =0<5@5=88, =04 =8< 1K ?>A<5O;8AL 1>;55 1>;57=5==>.  >1>8E ?@8<5@0E 2 :0G5AB25 <038G5A:8E 70:;8=0=89 D83C@8@>20;8 <5;>488. E =0;8G85 =5 >1O70B5;L=>, => 2?>;=5 >?@0240==> B5<, GB> >=8 2K@060;8 A<KA; <038G5A:8E 0:B>2, O2;O;8AL 8E A8<2>;0<8 8 70<5G0B5;L=> O:>@8;8 @5AC@A=>5 A>AB>O=85. "0:8< 65 A8<2>;>< <>65B A;C68BL D@070 8;8 =5:89 <=>3>7=0G=K9 >1@07. ><C GB> ?@>I5. @8254C 5I5 >48= ?@8<5@, 2 :>B>@>< 70:;8=0=85 1K;> ?5@540=> 4@C3><C ;8FC 8 8A?>;L7>20=> 8< A 1>;LH8< CA?5E><. 48= <>9 7=0:><K9 2 ?@820B=>9 15A545 ?>60;>20;AO =0 1>;8 2 ;>:B5, <5H0NI85 5<C 2>48BL <0H8=C.  B><C 65 AB0;0 70<5B=> C25;8G820BLAO 2 @07<5@0E >4=0 87 :>AB>G5: 1>;L=>3> ACAB020. %>BO O2=>9 ?@>AL1K > ?><>I8 2KA:070=> =5 1K;>, 8 O =5 >1O70= 1K; @5038@>20BL, C <5=O 2=570?=> 0:B82878@>20;>AL <038G5A:>5 A>AB>O=85. >7=8: >1@07 <KH8, CA8;5==> 2@0I0NI59 E2>AB><, :0: ?@>?5;;5@><. / BCB 65 AD>@<C;8@>20; 70:;8=0=85: "<KHL 28=B8@C5B E2>AB><" 8 2 HCB;82>9 D>@<5 ?>@5:><5=4>20; AB@040;LFC ?>G0I5 ?>2B>@OBL MB> 70:;8=0=85. = ?>A<>B@5; =0 <5=O A =5?5@540205<K< 2K@065=85<, => D@07C ?>2B>@8;. >A:>;L:C O =5 @07 ?>?@02;O; 53> 74>@>2L5 A ?><>ILN B5E=8: , >= =5 2K@078; =5C4>2>;LAB28O ?> ?>2>4C <>59 3;C?>9 HCB:8. '5@57 =545;N O 53> 2AB@5B8;, 8 >= A =5:>B>@K< =54>C<5=85< A:070;, GB> 1>;8 C =53> ?@>H;8. K45@602 ?0C7C, >= 704C<G82> ?>2B>@8; 70:;8=0=85, 70<5B82, GB> MB0 D@070 : =5<C ?@82O70;0AL. I5 G5@57 =545;N >= A>>1I8;, GB> 15A?>:>82H0O 53> :>AB>G:0 25@=C;0AL : =>@<0;L=K< @07<5@0<.  B>B ?5@8>4 O ?>40@5==>5 70:;8=0=85 =5 2A?><8=0; 8 7@8B5;L=K9 >1@07 <KH8 =5 0:B82878@>20;. 0<5G0B5;L=>, GB> <>9 :>;;530 ?>;CG5==K9 @57C;LB0B 2>A?@8=O;, :0: 4>;6=>5 8 A 3;C?K<8 2>?@>A0<8 =5 ?@8AB020;, E>BO ?@8G8==>-A;54AB25==CN A2O7L >B@078; ?>;=>ABLN. !;54C5B 4>1028BL, GB>, :0: O 2A?><=8; ?>765, >= ;5B 45AOBL B><C =0704 A2>N <0;5=L:CN 4>GL =07K20; <KH:>9. >1>G=KE ?>A;54AB289 C 40==>3> <038G5A:>3> 0:B0 =5 >1=0@C65=>. I5 >48= ?@8<5@ <038G5A:>3> 70:;8=0=8O O ?@82>48; 2KH5, :>340 >?8AK20; ?@>F5AA A>AB02;5=8O 7025I0=8O. 3> @57C;LB0B>< 1K;> 1KAB@>5 2K74>@>2;5=85. !0< O : ?>4>1=K< ?@0:B8:0< ?@81530N 4>2>;L=> @54:>, B0: :0: =5 8A?KBK20N 2 =8E =5>1E>48<>AB8. "5< =5 <5=55, <5=O =5 >AB02;O5B >ICI5=85, GB> G5< <5=55 >A<KA;5==K ?>4>1=K5 459AB28O, B5< >=8 MDD5:B82=K. "2>@G5A:89 0:B 2A5340 0AA>F80B825= 8 =5A5B <=>3><5@=CN A<KA;>2CN =03@C7:C. 5;0NI8E 3;C165 2=8:=CBL 2 MBC ?@>1;5<C O >BAK;0N : <=>3>G8A;5==K< ?@8<5@0< 87 A8<>@>=A:>3> A09B0. !0<8 A>>B=5A8B5 AB5?5=L B2>@G5A:>3> ?>4E>40 A ?>;CG5==K<8 @57C;LB0B0<8. !>1AB25==> <038G5A:85 ?@0:B8:8 =5 >1O70B5;L=> 4>;6=K 1KBL <5=B0;L=K<8, 8E 2?>;=5 <>6=> >ACI5AB2;OBL 2 2845 @50;L=KE 459AB289. >4>94CB ?5=8, B0=FK, AB8E8, A;>25A=0O B0@010@I8=0, EM??5=5=38 8 ?@>G55. =8 AB0=CB <038G5A:8<8 B>;L:> B>340, :>340 1C4CB 2K@060BL 20HC ACI=>ABL 8 ?>:07K20BL 2>7<>6=K9 ?CBL @5H5=8O ?@>1;5<K. "2>@G5AB2> =5?@54A:07C5<> 8 =5 8<55B =8:0:8E B01C 4;O D>@< A0<>2K@065=8O. !?@0254;82> 8 >1@0B=>5: ;N1>5 459AB285 <>65B 1KBL <038G5A:8<, 5A;8 >=> ?>1C6405<> B2>@G5A:8< 8<?C;LA><. 0 <>9 273;O4, <>I=K<8 <038G5A:8<8 A?>A>1=>ABO<8 >1;0405B =0H ?5@2K9 ?@57845=B. %@5AB><0B89=K<8 ?@8<5@0<8 <>3CB A;C68BL ?045=85 A <>AB0, ?;OA:8 =0 ?@542K1>@=KE <8B8=30E, ?@8;N4=>5 I8?0=85 AB5=>3@0D8AB>:. >E>65, GB> ?>1C48B5;L=K< <>B82>< 2 ?5@2>< A;CG05 1K;0 <5GB0 > 2>7=5A5=88 =0 25@H8=C 2;0AB8, 2> 2B>@>< - AB@0AB=>5 65;0=85 871@0BLAO =0 2B>@>9 A@>:, 2 B@5BL5<  ?>65;0=85 G0I5 A>25@H0BL =5>6840==K5 8 A8;L=K5 ?>;8B8G5A:85 E>4K. A5 MB> 8A?>;=8;>AL 2 ?>;=>< >1J5<5.  :0: 20< 25;8:>;5?=K9 <038G5A:89 A8<2>;  703>3C;8=0, 2K@065==K9 :0: A;>25A=K< 70:;8=0=85<, B0: 8 =5>B@078<K< 65AB><? 5 7=0N, @04>20BLAO 8;8 A>60;5BL, GB> >= =5 A<>3 ?>=OBL 2A5E 2708<>A2O759 <564C =0<5@5=85< 8 459AB285<.  ?>A;54=55, :065BAO 2?>;=5 5AB5AB25==K<, GB> A>2<5AB=K9 <038G5A:89 B@C4 4;O GL59-=81C4L ?>;L7K <>65B 1KBL :@09=5 MDD5:B82=K< =B5@5A=> 1K;> 1K ?>M:A?5@8<5=B8@>20BL 2 MB>< =0?@02;5=88. ?8A0==0O B5E=8:0, :0: 8 ;N10O 8=B53@0F8>==0O ?@0:B8:0, ?>4@07C<5205B ?@8=OB85 =0 A51O ?>;=>9 >B25BAB25==>AB8 70 2>7<>6=K5 @57C;LB0BK 55 ?@8<5=5=8O. / <>3 1K ?@825AB8 <0AAC ?@8<5@>2, :>340 =5>?KB=K9 ?@0:B8:CNI89 =02;5:0; =0 A51O 4>?>;=8B5;L=K5 154K, 2<5AB> 65;05<>3> @57C;LB0B0. >MB><C 70=8<0BLAO 8<8 87 @0738;L4O9A:8E 8;8 <5@:0=B8;L=KE A>>1@065=89 =5 A>25BCN. 0 8 ?@>1>20BL ;CGH5 2A53> =0 <0;>7=0G0I8E ?@>1;5<0E. "5< 1>;55 GB> 4;O 8E CA?5H=>9 @50;870F88 B@51C5BAO >?@545;5==0O AB5?5=L :>=A>;840F88 ;8G=>AB8. 0 1>;55 ?@>428=CBKE AB048OE 8=B53@0F88 B5E=8:0 <038G5A:8E 70:;8=0=89 <>65B A3>48BLAO @0725 GB> 4;O @072;5G5=8O. N1>?KB=>, GB> 3>;>2>:@C65=85 >B ?5@2>=0G0;L=KE CA?5E>2 2 ;N1>9 B5E=8:5 2?>A;54AB288 :C40-B> C;5BCG8205BAO. >65B 1KBL ?>B><C, GB> =0 3>@87>=B5 ?>O2;O5BAO :>5-GB> =>25=L:>5? 2B>@ AG8B05B =C6=K< =0?><=8BL, GB> 2A5 87;>65==>5 2 40==>9 @01>B5 =5 O2;O5BAO :>=:@5B=K<8 8=AB@C:F8O<8 4;O 4>AB865=8O ?@03<0B8G5A:8E @57C;LB0B>2. !:>@55 MB> >?8A0=8O AB8;O ?>2545=8O, ?>72>;ONI53> 68BL 25A5;> 8 A> 2:CA>< : 687=8.  MB>< @CA;5 :064K9 2>;5= 2K18@0BL ;N1>5 =0?@02;5=85 8 A?>A>1 ?5@542865=8O. A5 <K >AB8 =0 MB>9 75<;5.  3>ABOE E>@>H>, 0 4><0 ;CGH5? 5;0N CA?5E>2. <5AB> 70:;NG5=8O # <5=O 2=570?=> 2>7=8: :@878A 60=@0. #65 =0?8A0==K9 <0B5@80; O 40; ?>G8B0BL 4@C3C  70548=I8:C. 2>;N >BBO=C2H8AL ?> ?>2>4C <>53> ;8B5@0BC@=>3> AB8;O, >= A?@>A8;, GB> ?>1C48;> <5=O A8AB5<0B878@>20BL =0H8 ?@0:B8:8. !>548=82 MB>B 2>?@>A A 2>7=8:H8< =565;0=85< ?8A0BL 40;LH5, O >1JO28; >1I89 A1>@. >340 <038G5A:0O >1I5AB25==>ABL 2=8:;0 2 A8BC0F8N, 1K;> ?@8=OB> @5H5=85 A>25@H8BL @8BC0; 3040=8O =0 2=CB@5==>ABOE. 45O 70:;NG0;0AL 2 A;54CNI5<. 0 ;N1>9 2>?@>A ACI5AB2C5B <=>65AB2> >B25B>2. 0:>9 87 =8E 2K1@0BL  2>B <038G5A:0O ?@>1;5<0. >A:>;L:C ?@8G8=>9 70B@C4=5=89 >:070;0AL <>O @C:>?8AL, @5H5=> 1K;> 3040BL ?> 55 2=CB@5==>ABO<. @>F54C@0 1K;0 ?@54;>65=0 A;54CNI0O. C:>?8AL ?>41@0AK20;0AL 2 2>74CE. 0B5< 420 G5;>25:0 (02B>@ 8 >7040G82H89 53> 2>?@>A><) ?>418@0;8 87 >1I59 :CG8 ?> ;8ABC 8 A>548=O;8 8E 2<5AB5 B5:AB : B5:ABC. "@5B89 G5;>25: =0C304 ?@>BK:0; A;>65==K5 ;8ABK. B<5G5==K5 A;>20 8 4>;6=K 1K;8 ?>A;C68BL >B25B><. A5 1K;> 8A?>;=5=>, :0: 704C<0=>. 0: 2A5340 =5?@>4C<0==>9 >:070;0AL 70:;NG8B5;L=0O <5;>GL. 07=0G5==K9 B@5BL8< 2 ?>@K25 24>E=>25=8O ?@>B:=C; ;8ABK ?0;LF5<. 1@07>20;0AL 1>;LH0O 4K@0, ?>;=>ABLN 8A:;NG02H0O 2>7<>6=>ABL GB>-=81C4L ?@>G5ABL =0 55 <5AB5. A5 1K;8 25AL<0 C482;5=K MB8< @57C;LB0B><, ?>:0 02B>@ =5 A>>1@078; 87CG8BL ?>AB@0402H85 ;8ABK. :070;>AL, GB> MB> 1K;8 ?5@20O 8 ?>A;54=OO AB@0=8FK 53> B@C40. < 65 1K;> ?@>87=5A5=> A;>2> ":>;LF>". 5;0O ?>4B25@48BL A2>N 4>304:C, O A?@>A8; <=5=85 CG0AB=8:>2 ?> ?>2>4C ?@>8AH54H53>. A5 4@C6=> A>H;8AL 2> <=5=88, GB> ?@>F5AA =0?8A0=8O 40==>3> B@C40 7025@H5= (=0G0;> A;8;>AL A :>=F><). -B8< 8 2K720=> =565;0=85 ?8A0BL 40;LH5. >1C48B5;L=K9 <>B82 A>740=8O B5:AB0 O2=> =5 ?@8=04;560; 02B>@C 8 2K720= 2=5H=8<8 ?@8G8=0<8. 0 MB> C:07K20; @07<5@ 4K@K, ?@5?OBAB2>202H89 B>G=> 7025@H8BL 704C<0==>5. 'CBL ?>765 2>7=8:;8 =5:>B>@K5 4>?>;=8B5;L=K5 A>>1@065=8O. # >4=>3> 87 CG0AB=8:>2 G5BK@5 ABC?5=8 8=B53@0F88 2K720;8 0AA>F80F8N A :@K;LF>< H:>;K, 2 :>B>@>9 >= :>340-B> CG8;AO. "CB 65 2A?><=8;8, GB> 2 =0G0;L=>9 H:>;5 G5BK@5 :;0AA0. AB5AB25==> 2>7=8:;> A;>2>A>G5B0=85 "H:>;0 8=B53@0F88". 2B>@ BCB 65 1K; =07=0G5= 55 48@5:B>@><, 1K; 2K1@0=K 420 702CG0, >AB0;L=K5 4>2>;LAB2>20;8AL 720=85< CG8B5;59. "0: ?@84C@:>20B>5 3040=85 AB0;> C:070B5;5< =0 =0H5< ?CB8. C GB> 6, 4>1@> ?>60;>20BL 2 H:>;C 8=B53@0F88! K =018@05< CG5=8:>2 8 =0G8=05< >1CG5=85. @8;>65=85 @5420@8B5;L=0O 8=D>@<0F8>==0O AB@C:BC@0 682>3> ACI5AB20  B5G5=85 2A59 A2>59 :C;LBC@=>9 8AB>@88 G5;>25: ?KB05BAO ?>=OBL, GB> >= A>1>9 ?@54AB02;O5B, 8 :0:>2> 53> <5AB> 2> 2A5;5==>9.  :>=5G=>< AG5B5, 8<5==> MBC F5;L ?@5A;54CNB @5;838O, D8;>A>D8O 8 5AB5AB25==K5 =0C:8. A:;NG0O :@09=85 B5=45=F88, A?>@ 845B > A>>B=>H5=88 2 G5;>25:5 <0B5@88 8 4CE0.  ?>A;54=55 2@5<O : MB8< DC=40<5=B0;L=K< ?>=OB8O< AB0;8 4>102;OBL 5I5 420  M=5@38N 8 8=D>@<0F8N, :0: A2>9AB20 8 <0B5@80;L=>3> 8 8450;L=>3>. >A:>;L:C MB8 B5@<8=K =865 1C4CB G0AB> 8A?>;L7>20BLAO, @0F8>=0;L=> 40BL 8< B>G=K5 >?@545;5=8O [2]. -=5@38O  1) >1I0O <5@0 @07;8G=KE 284>2 42865=8O 8 2708<>459AB28O; >4=8 284K -. <>3CB ?@52@0I0BLAO 2 4@C385 2 AB@>3> >?@545;5==KE :>;8G5AB25==KE A>>B=>H5=8OE; ?@8 2A5E ?@52@0I5=8OE -. >1I55 :>;8G5AB2> 55 =5 87<5=O5BAO; 2) 45OB5;L=0O A8;0, =0AB>9G82>ABL, @5H8B5;L=>ABL 2 4>AB865=88 ?>AB02;5==>9 F5;8. =D>@<0F8O  1) A>>1I5=85 > G5<-;81>; 2) A2545=8O, O2;ONI85AO >1J5:B>< E@0=5=8O, ?5@5@01>B:8 8 ?5@540G8; 3) 2 <0B5<0B8:5, :815@=5B8:5  :>;8G5AB25==0O <5@0 CAB@0=5=8O =5>?@545;5==>AB8 (M=B@>?88), <5@0 >@30=870F88 A8AB5<K. .  5ABL D0:B>@ C?@02;5=8O 2> 2AO:>9 A0<>>@30=87CNI59AO A8AB5<5, 8 A;C68B ?@8G8=>9 55 F5;5=0?@02;5==KE 87<5=5=89 (8=D>@<0F8>==0O ?@8G8==>ABL). -=B@>?8O  1) >4=0 87 25;8G8=, E0@0:B5@87CNI8E B5?;>2>5 A>AB>O=85 B5; 8;8 A8AB5<K B5;; <5@0 2=CB@5==59 =5C?>@O4>G5==>AB8 A8AB5<K; ?@8 2A5E ?@>F5AA0E, ?@>8AE>4OI8E 2 70<:=CB>9 A8AB5<5, -. 8;8 2>7@0AB05B (=5>1@0B8<K5 ?@>F5AAK), 8;8 >AB05BAO ?>AB>O==>9 (>1@0B8<K5 ?@>F5AAK); 2) 2 B5>@88 8=D>@<0F88  <5@0 =5>?@545;5==>AB8 A8BC0F88 (A;CG09=>9 25;8G8=K) A :>=5G=K< 8;8 G5B=K< G8A;>< 8AE>4>2, =0?@8<5@, >?KB, 4> ?@>2545=8O :>B>@>3> @57C;LB0B 2 B>G=>AB8 =5 8725AB5=. "0:8< >1@07><, G5;>25: <>65B 1KBL >?8A0=, :0: A0<>>@30=87CNI0OAO 70<:=CB0O A8AB5<0, A>AB02=K5 M;5<5=BK :>B>@>9 (>@30=K, :;5B:8 8 <>;5:C;K)  <0B5@80;L=K5 =>A8B5;8 M=5@388 8 8=D>@<0F88. =D>@<0F8O 5ABL ?@8G8=0 2A5E 87<5=5=89, ?@>8AE>4OI8E 2 >@30=87<5 8 ?A8E8:5, D0:B>@ 8E A0<>>@30=870F88 8 C?@02;5=8O. >E>655 >?8A0=85 G5;>25:0, :0: M=5@3>8=D>@<0F8>==>3> ACI5AB20, 40=> C 0@;>A0 >AB0=54K, CB25@6402H53>, GB> "G5;>25:  MB> 2>A?@8=8<0NI89 A3CAB>: G8AB>9 M=5@388". 2B>@, 8A?>;L7CO B0:>9 ?>4E>4, ?@54;0305B 225AB8 AB@C:BC@C ;8G=>AB8 =0 >A=>25 ?>A;54>20B5;L=>AB8 22>40, >1@01>B:8, E@0=5=8O 8 2K2>40 8=D>@<0F88, 01AB@038@COAL >B 55 <0B5@80;L=KE =>A8B5;59. ">;G:>< 4;O A>AB02;5=8O AB@C:BC@K ;8G=>AB8 ?>A;C68;0 @01>B0 >15@B0 8;BA0 [1], 3;C1>:>3> A?5F80;8AB0 2 >1;0AB8 B5>@88 8 ?@0:B8:8 .  =59 >= ?@54;>68; 8A?>;L7>20BL 2  ?>=OB8O ?>25@E=>AB=KE 8 3;C18==KE 8=D>@<0F8>==KE AB@C:BC@, ?@54;>65==KE 0C<>< %><A:8< 8 @0728BKE N=B5@>< !B5=B><. >A;54=89 O2;O5BAO 02B>@>< ?>=OB8O "AB@C:BC@0;87<", 2K428305<>3> 2 :0G5AB25 @5H5=8O =5?@8<8@8<>3> :>=D;8:B0 <564C <0B5@80;87<>< 8 8450;87<><. > <=5=8N . 8;BA0 8 . !B5=B0, 4;O G5;>25:0 "@50;L=>ABL O2;O5BAO =01>@>< 8=D>@<0F8>==KE AB@C:BC@, ?>;CG5==KE ?CB5< B@0=AD>@<0F88 ?5@28G=KE 40==KE > <8@5". @5>1@07>20=85 ?5@28G=KE 40==KE 2 AB@C:BC@K 2:;NG05B 2 A51O ?@>F5AAK 8718@0B5;L=>3> >?CI5=8O, 8A:065=8O 8;8 >1>1I5=8O 8=D>@<0F88. "0:8< >1@07><, A>7=0=85 =5 <>65B, 2 B>G=>< A<KA;5 MB8E A;>2, =8 ?>;=>ABLN >B@060BL (<0B5@80;87<), =8 :>=AB@C8@>20BL (8450;87<) @50;L=>ABL. 5@28G=K5 40==K5 > <8@5 ?@8>1@5B0NB 4;O G5;>25:0 A<KA; 8 7=0G8<>ABL B>;L:> ?>A;5 @O40 >?5@0F89, :>B>@K5 ?@5>1@07>2K20NB 8E 2 =5GB>, A>>B=>AOI55AO A C65 ACI5AB2CNI8<8 2 =5< AB@C:BC@0<8. >A;54=85 >1@07>2K20NBAO 87 8=D>@<0F88, >A2>5==>9 8 ?@8A2>5==>9 2 @57C;LB0B5 ?@54K4CI53> >?KB0. . M=4;5@ 8 6. @8=45@ 2 A2>59 :=835 "!B@C:BC@0 <0388" 8A?>;L7>20;8 425 3@040F88 8=D>@<0F8>==KE AB@C:BC@  3;C18==K5 8 ?>25@E=>AB=K5, >1@0I0O >A>15==>5 2=8<0=85 =0 B>, :0: ?>25@E=>AB=K5 AB@C:BC@K (@5GL, <8<8:0, 65ABK) >B@060NB 3;C18==K5 (8458, M<>F88, C15645=8O 8 F5==>AB8). <5AB5 A B5< >B<5G05BAO, GB> ACI5AB2C5B <=>3> C@>2=59 ?>A;54>20B5;L=> 1>;55 3;C1>:8E AB@C:BC@ 2 AB@>5=88 8 >@30=870F88 @07;8G=KE A8AB5<. 7;0305<K9 40;55 <0B5@80; O2;O5BAO @57C;LB0B>< 2;8O=8O MB8E 273;O4>2. >7<>6=K5 >H81:8 8 =5AC@078FK ?>;=>ABLN ;>60BAO =0 A>25ABL 02B>@0. 0F8>=0;L=> ?>4@0745;OBL 2A5 AB@C:BC@K ?> AB5?5=8 B@0=AD>@<0F88 ?5@28G=KE 40==KE > <8@5 =0 ?>25@E=>AB=K5, ?@><56CB>G=K5 8 3;C18==K5. E>4=K5 ?>25@E=>AB=K5 AB@C:BC@K >ACI5AB2;ONB ?@5420@8B5;L=CN >1@01>B:C 8=D>@<0F88, ?>ABC?0NI59 >B >@30=>2 GC2AB2, 2KE>4=K5  A>>1I0NB 55 4@C38< ;N4O<. @><56CB>G=K5 AB@C:BC@K >1@010BK20NB 40==K5 A F5;LN ?5@540G8 8E 3;C18==K< M;5<5=B0<, 8 2K@010BK20NB >B25B=CN @50:F8N. ;C18==K5 AB@C:BC@K >ACI5AB2;ONB =0:>?;5=85 8 >1>1I5=85 687=5==> 206=KE 40==KE. 0 @8A. 1 ?>:070=0 ?@8=F8?80;L=0O AB@C:BC@0 682>3> ACI5AB20. @30=K GC2AB2 (?>25@E=>AB=0O AB@C:BC@0)59AB28O 8 @50:F88 (?>25@E=>AB=0O AB@C:BC@0)  $8;LB@K 8=D>@<0F88 (?>25@E=>AB=0O AB@C:BC@0)@8>@8B5BK (?>25@E=>AB=0O AB@C:BC@0)  =0;87 8=D>@<0F88 (?@><56CB>G=0O AB@C:BC@0)0<5@5=85 (?@><56CB>G=0O AB@C:BC@0)  ;C18==K5 AB@C:BC@K 8A.1 "@51CNB ?>OA=5=8O A;54CNI85 ?>78F88. $8;LB@K  ?>25@E=>AB=K5 8 ?@><56CB>G=K5 AB@C:BC@K, >ACI5AB2;ONI85 2K45;5=85, 8A:065=85 (040?B8@>20=85) 8 >?CI5=85 (1;>:8@>20=85) 8=D>@<0F88. =0;87  ?@><56CB>G=K5 AB@C:BC@K, >ACI5AB2;ONI85 >1@01>B:C 8=D>@<0F88 A F5;LN 2K@01>B:8 =0 =55 >B25B=>9 @50:F88 8;8 4;O 55 40;L=59H59 ?5@540G8 2 3;C18==K5 AB@C:BC@K. 0<5@5=85  AB@C:BC@K 2K2>40 40==KE, ?@540NI85 8=D>@<0F8N 4;O 55 <0=8D5AB0F88 2 2845 459AB289 8 @50:F89. @8>@8B5BK  2KE>4=K5 AB@C:BC@K, >?@545;ONI85 ?>@O4>: (>G5@54=>ABL) 2>A?@>872545=8O 8=D>@<0F88 ?>25@E=>AB=K<8 AB@C:BC@0<8. @><56CB>G=K5 M;5<5=BK 22>40 8 2K2>40 2708<=> 2;8ONB ?CB5< >1<5=0 8;8 1;>:8@>20=8O ?@>E>645=8O 40==KE.  3;C18==KE AB@C:BC@0E A>45@60BAO @5:><5=40F88 8 ?@>3@0<<K 459AB289 4;O ;N1KE 687=5==KE A8BC0F89. >25@E=>AB=K5, ?@><56CB>G=K5 8 3;C18==K5 AB@C:BC@K 2K45;5=K @07=K<8 >BB5=:0<8. 0==0O AE5<0 =5 >B@0605B =8 <0B5@80;L=KE =>A8B5;59, =8 M=5@35B8G5A:>3> ?@5>1@07>20=8O 40==KE. "0: 65 A;54C5B ?>=8<0BL, GB> ;N1>5 AB@C:BC@8@>20=85 A8AB5<K CA;>2=> 8 8<55B :>=:@5B=CN F5;L. 5B0;878@>20==0O AB@C:BC@0 G5;>25G5A:>9 ;8G=>AB8 @5420@8B5;L=0O AE5<0 8;;NAB@8@C5B >1I89 ?>4E>4 : 0=0;87C 8=D>@<0F8>==>9 ACI=>AB8 682KE ACI5AB2. 07@01>B:0 45B0;878@>20==>9 AB@C:BC@K G5;>25G5A:>9 ;8G=>AB8 B@51C5B @0AH8@5=8O ?>=OB89=>3> @O40. ?>;=5 5AB5AB25==K< ?@54AB02;O5BAO 8A?>;L7>20=85 >1I5?@8=OBKE ?>=OB89 ?A8E>;>388 8 D878>;>388. "0: 65 206=0 8 >?B8<0;L=0O AB5?5=L 55 45B0;870F88. 5;0B5;L=> CG5ABL 3;02=K5 M;5<5=BK, => 8E 1>;LH>5 G8A;> @57:> A=8605B =03;O4=>ABL 8 70B@C4=O5B ?>=8<0=85 >A=>2=KE 2708<>A2O759. >;LH8=AB2> 22>48<KE ?>=OB89 O2;ONBAO >1I5?@87=0==K<8, B5< =5 <5=55, @0F8>=0;L=> 40BL 8< B>G=>5 >?@545;5=85. $>@<C;8@>2:8 40NBAO ;81> 87 ">;LH>9 <548F8=A:>9 M=F8:;>?5488" [3], ;81> 87 >A=>2>?>;030NI8E @01>B ?>  [1, 5-12]. "0<, 345 =5B AAK;>: =0 8AB>G=8:8, >?@545;5=8O 40NBAO 2 02B>@A:>9 D>@<C;8@>2:5. 0 @8A. 2 ?>:070= 20@80=B 45B0;878@>20==>9 AB@C:BC@K G5;>25G5A:>9 ;8G=>AB8. @>F5AA 55 D>@<8@>20=8O 2 40==>9 @01>B5 =5 ?@82>48BAO. B45;L=> >1>7=0G5=K ?>25@E=>AB=K5, ?@><56CB>G=K5 8 3;C18==K5 AB@C:BC@K. -;5<5=BK AB@C:BC@K 22>40 8 >1@01>B:8 8=D>@<0F88 E>4=K5 ?>25@E=>AB=K5 AB@C:BC@K @30=K GC2AB2  <>@D>DC=:F8>=0;L=K5 >1@07>20=8O, >15A?5G820NI85 2>A?@8OB85 @07;8G=KE @074@065=89, 459AB2CNI8E =0 >@30=87< G5;>25:0 8 682>B=KE. 0 >A=>25 >.G. AB@>OBAO @07=>>1@07=K5 >ICI5=8O (2:CA, 7@5=85, >1>=O=85, >AO70=85, A;CE). A=>2=K<8 M;5<5=B0<8, >?@545;ONI8<8 A?5F8D8:C B>3> 8;8 8=>3> .G., O2;ONBAO @5F5?B>@K [3]. G5284=>, GB> .G. G5;>25:0 A?>A>1=K @5038@>20BL =0 >G5=L =51>;LHCN G0ABL M;5<5=B>2 2=5H=53> <8@0. 80?07>= 2>A?@8OB8O <>65B 1KBL @0AH8@5= 70 AG5B A?5F80;L=KE ?@81>@>2, ?@5>1@07CNI8E =54>ABC?=K5 G5;>25:C 40==K5 2 4>ABC?=K5. "0:8< >1@07><, .G.  MB> D8;LB@K, 2K45;ONI85, >?CA:0NI85 8 8A:060NI85 2E>4=CN 8=D>@<0F8N. <5AB5 A >ICI5=85< 8 2>A?@8OB85< >1@07CNB 2E>4=CN ?>25@E=>AB=CN AB@C:BC@C. ICI5=85  AC1J5:B82=>5 >B@065=85 >B45;L=KE A2>9AB2 ?@54<5B>2 8 O2;5=89, =5?>A@54AB25==> 2>7459AB2CNI8E =0 .G., >15A?5G8205B >@85=B8@>2:C >@30=87<0 2 >:@C60NI59 A@545 [3]. >A?@8OB85  ?A8E8G5A:89 ?@>F5AA >B@065=8O 459AB28B5;L=>AB8, D>@<8@CNI89 AC1J5:B82=K9 >1@07 >1J5:B82=>3> <8@0, GC2AB25==K9 >1@07 ?@54<5B>2 8 O2;5=89 2=5H=53> <8@0 [3]. %>BO 420 ?>A;54=8E >?@545;5=8O G8AB> <0B5@80;8AB8G5A:85 8 =5 2?>;=5 A>>B25BAB2CNB ?>=OB8O< AB@C:BC@0;87<0, >=8 2 F5;>< <>3CB 1KBL ?@8=OBK.  @01>B0E ?>  2:CA, >1>=O=85 8 >AO70=85 ?@8=OB> >1J548=OBL 2 >1ICN 3@C??C :8=5AB5B8G5A:8E >ICI5=89 (). AB0;L=K5 >ICI5=8O ?@8=OB> >1>7=0G0BL :0: 287C0;L=K5 () 8 0C480;L=K5 (). 0=0;K ?@>E>645=8O ,  8  8=D>@<0F88 02B>=><=K, => <>3CB 8 2708<>459AB2>20BL. @8=OB> AG8B0BL, GB> 1>;55 2/3 8=D>@<0F88 ?>ABC?05B ?> 2845>:0=0;C, <5=LH5 B@5B8  ?> 0C48>, >AB0;L=>5 70=8<05B 70?0E, 2:CA 8 B5;5A=K5 >ICI5=8O. ;O 40;L=59H59 >1@01>B:8 2E>4=0O 8=D>@<0F8O 4>;6=0 :0:>5-B> 2@5<O A>E@0=OBLAO. ! MB>9 F5;LN 8A?>;L7C5BAO :@0B:>2@5<5==0O (>?5@0B82=0O) ?0<OBL. A5< 8725AB=K MDD5:BK ?@>4>;65=8O "72CG0=8O" 70:>=G82H8EAO 72C:>2 8 "2845=85 87>1@065=89" 1KAB@> 8AG57=C2H8E >1J5:B>2. >A;54=55 >1AB>OB5;LAB2> 8 45;05B 2>7<>6=K< ACI5AB2>20=85 :8=> 8 B5;52845=8O. !B@C:BC@0 G5;>25G5A:>9 ;8G=>AB8  @30=K GC2AB2 (22>4)K2>4 8=D>@<0F88!59AB285>25-45=85 5GL (B@0=A-;OB>@) E>4=K5 $8;LB@K KE>4=K5ICI5=85  EMBED Equation.3  >A?@8OB85 EMBED Equation.3 @8>@8B5BK  EMBED Equation.3  >;O ?5@0B82=0O ?0<OBL EMBED Equation.3 >B@.0<5@.!B@5<;. -<>F88>>1@0- 65=85KH;5- =85  EMBED Equation.3 $87. $C=:F8802K:8 #<5=8O 5GL (B@0=A;O-B>@) >;3>2@5<5==0O ?0<OBL- 8 , ! 8     8 0@B0 "2>@G5A- B2>#156- 45=8O EMBED Equation.3  8B0;L=>ABLCE>2=>ABL5@>20=85 8A. 2. !;54C5B >B<5B8BL 8718@0B5;L=>ABL >@30=>2 GC2AB2, @0745;ONI8E D>=>2CN 8 0:BC0;L=CN 8=D>@<0F8N. 1KG=> 0:BC0;L=K<8 O2;ONBAO 2>7459AB28O A 1>;LH>9 A:>@>ABLN 87<5=5=8O 8=B5=A82=>AB8 A83=0;0 (2A?KH:0, E;>?>:, >6>3 8 B.?.). $>=>20O 8=D>@<0F8O B0: 65 <>65B 1KBL 2>A?@8=8<05<0 ?@8 D8:A0F88 D>:CA0 2=8<0=8O =0 40==>< :0=0;5 2E>40 40==KE. !G8B05BAO, GB> >4=>2@5<5==> G5;>25: A?>A>15= 2>A?@8=8<0BL 7 EMBED Equation.3 2 548=8FK 8=D>@<0F88.  40==>< A;CG05 ?>4 548=8F59 ?>=8<0NB :><?;5:A >ICI5=89, =0 :>B>@>< <>65B 1KBL AD>:CA8@>20=> 2=8<0=85. "0:8< >1@07><, 2E>4=0O ?>25@E=>AB=0O AB@C:BC@0 G5;>25:0 >ACI5AB2;O5B 2708<>459AB285 A ?>25@E=>AB=K<8 AB@C:BC@0<8 >1J5:B>2 2=5H=53> <8@0 70 AG5B F5;5=0?@02;5==>3> >?CI5=8O, 8A:065=8O, :>48@>20=8O 8 =0:>?;5=8O 8=D>@<0F88, A ?>A;54CNI59 ?5@540G59 55 ?@><56CB>G=K< AB@C:BC@0<. E>4=K5 ?@><56CB>G=K5 AB@C:BC@K  ?@><56CB>G=KE AB@C:BC@0E ?@>8AE>48B CAB0=>2;5=8O A>>B25BAB28O <564C B5:CI8<8 40==K<8 8 E@0=8<K<8 2 4>;3>2@5<5==>9 ?0<OB8 =0 >A=>25 ?@8G8==>-A;54AB25==KE A2O759 8 2K45;5=8O ACI5AB25==KE 0=0;>389 (0AA>F80F89). "0: =8 @07C =5 >168302H89AO @515=>: <>65B AE20B8BLAO 70 3>@OG89 CBN3. ?>A;54AB288 ?5@568B>5 >ICI5=85 >= <>65B 0AA>F88@>20BL A D>@<>9, F25B><, 70?0E><, 8740205<K< 72C:>< 8 4@C38<8 ?@87=0:0<8 >?0A=>3> ?@54<5B0.  A>>B25BAB288 A B@5<O 2K45;5==K<8 2E>4=K<8 :0=0;0<8 <>6=> 225AB8 B@8 2E>4=KE ?@><56CB>G=KE AB@C:BC@K. ;O  :0=0;0 MB> M<>F88, 4;O  :0=0;0  2>>1@065=85, 4;O  :0=0;0  <KH;5=85. -<>F88 - AC1J5:B82=K5 A>AB>O=8O G5;>25:0 8 682>B=KE, 2>7=8:0NI85 2 >B25B =0 2>7459AB285 2=5H=8E 8 2=CB@5==8E @074@068B5;59 8 ?@>O2;ONI85AO 2 D>@<5 =5?>A@54AB25==KE ?5@56820=89. 8>;>38G5A:>5 7=0G5=85 -. >?@545;O5BAO 8E >F5=>G=>9 DC=:F859, 2A;54AB285 :>B>@>9 >@30=87< AB@5<8BAO 701;03>2@5<5==> 8 1KAB@> @5038@>20BL =0 87<5=5=85 >:@C60NI59 A@54K, <>18;87>20BL M=5@35B8G5A:85 @5AC@AK, =5>1E>48<K5 4;O 459AB289, =0?@02;5==KE =0 C4>2;5B2>@5=85 =5?>A@54AB25==KE ?>B@51=>AB59 [3]. -. ?@>O2;ONBAO 2 2845 >ICI5=89. A>15==> A;54C5B >B<5B8BL A2>9AB20 MB>9 ?@><56CB>G=>9 AB@C:BC@K 0=0;878@>20BL 2E>4=CN 8=D>@<0F8N 8 ?@5>1@07>2K20BL 55 2 M=5@38N -<>F8>=0;L=K9 1;>: A;C68B 4;O 1KAB@59H53> ?@5>1@07>20=8O ?>B@51=>AB59 2 459AB285. ;>:8@>20BL M. <>3CB 2>;O 8 G0AB8G=> <KH;5=85. 0: A;54C5B 87 >?@545;5=8O, 1;>: >ACI5AB2;O5B M<>F8>=0;L=K9 0=0;87 B5:CI8E 8 ?@>H54H8E A8BC0F89. 081>;55 E0@0:B5@=K M<>F8>=0;L=>5 2K45;5=85 8 8A:065=85 8=D>@<0F88. -. B0:65 A8;L=> 2;8ONB 8 =0 >ICI5=85, 2>A?@8OB85 8 >@30=K GC2AB2, 70AB02;OO 8E 2=>A8BL 4>?>;=8B5;L=K5 8A:065=8O. 5?>A@54AB25==> A M<>F8O<8 A2O70=0 3;C18==0O AB@C:BC@0 M<>F8>=0;L=>9 8 :8=5AB5B8G5A:>9 ?0<OB8 (-. 8 .). -<>F88 E0@0:B5@87CNBAO @57:8< 87<5=5=85< M=5@35B8G5A:>3> A>AB>O=8O ?A8E8:8, ?>MB><C >=8 ;53:> 70?><8=0NBAO 8 ;53:> 872;5:0NBAO 87 ?0<OB8. =>385 701KBK5 2>A?><8=0=8O ?@>AB> 872;5GL, ?>?@>A82 2A?><=8BL A2>8 >ICI5=8O 8 M<>F88 2 B>B ?@><56CB>: 2@5<5=8. -<>F8>=0;L=0O 8 :8=5AB5B8G5A:0O ?0<OBL 1;87:> A>?@O305BAO A ?>=OB8O<8 ?>4A>7=0=8O 8 15AA>7=0B5;L=>3>, B0: :0: 2 =59 E@0=OBAO =5@50;87>20==K5 ?>B@51=>AB8 8 =5@07@O65==K5 M<>F88 (8<?@8=BK). 0: 8 ;N10O 3;C18==0O AB@C:BC@0, >=0 E0@0:B5@87C5BAO 1>;LH>9 8=5@F8>==>ABLN, 2AO E@0=OI0OAO 2 =59 8=D>@<0F8O @0AA<0B@8205BAO :0: 745AL 8 A59G0A. >MB><C 2>7459AB285 =0 M. 8 :. ?0<OBL 4>;6=> ?@>872>48BLAO >AB>@>6=>. =5H=OO 0:B82870F8O 8<?@8=B0 2K7K205B B0:85 65 M<>F88, GB> 8 2 <><5=B 53> 2>7=8:=>25=8O, 0 53> @07@O4:0 A>?@>2>6405BAO ;81> A8;L=>9 @5;0:A0F859, ;81> =5@2=>9 4@>6LN (). 5?>A@54AB25==> A M. 8 :. ?0<OBLN. A2O70=0 4@C30O, 1>;55 3;C18==0O AB@C:BC@0  28B0;L=>ABL. 8B0;L=>ABL  "687=5==0O A8;0", M=5@38O, ?@8;0305<0O 4;O @50;870F88 35=5B8G5A:>9 ?@>3@0<<K @0728B8O, ?>445@60=8O 2 >?B8<0;L=>< A>AB>O=88 8 70I8BK >@30=87<0 8 A>F8C<0, 2 :>B>@>< >= ACI5AB2C5B [3]. -B> A0<0O B08=AB25==0O 3;C18==0O AB@C:BC@0, ?>A:>;L:C >=0 B>645AB25==0 0@8AB>B5;52A:>9 M=B5;5E88 (=5GB>, 2 A0<>< A515 =5ACI55 F5;L). ! <0B5@80;8AB8G5A:>9 B>G:8 7@5=8O MB> 35=5B8G5A:0O ?0<OBL, =54>ABC?=0O A>7=0=8N. ! @5;838>7=>9 B>G:8 7@5=8O >=0 G0AB8G=> A>>B=>A8BAO A ?>=OB85< "4CH0". .  =081>;55 3;C1>:0O 8=D>@<0F8>==0O AB@C:BC@0, ?5@2>?@8G8=0 2>7=8:=>25=8O >AB0;L=KE AB@C:BC@.  ;8B5@0BC@5 ?>  >BACBAB2CNB D0:BK =5?>A@54AB25==>3> 2>7459AB28O =0 ., B>;L:> >?>A@54>20=> G5@57 M<>F8>=0;L=CN ?0<OBL, C15645=8O 8 25@>20=8O.  :8=5AB5B8G5A:>< 1;>:5 AB@C:BC@ 2. >B25G05B 70 845=B8D8:0F8N >@30=87<0 (8<<C==0O A8AB5<0) 8 ;8G=>AB8. G5284=>, GB> :8=5AB5B8G5A:89 1;>: =081>;55 B5A=> A2O70= A 2KE>4=>9 ?@><56CB>G=>9 A8AB5<>9 D878>;>38G5A:8E DC=:F89 8 >B25G05B 70 ?A8E8G5A:85 8 ?A8E>A><0B8G5A:85 701>;520=8O. 3> <>6=> >E0@0:B5@87>20BL :0: 682>B=CN G0ABL G5;>25G5A:>9 ;8G=>AB8. B>@0O 2E>4=0O ?@><56CB>G=0O AB@C:BC@0 A2O70=0 A 287C0;L=K< :0=0;>< 22>40 8=D>@<0F88 8 :>48@>20=0 :0: 2>>1@065=85. >>1@065=85  ?A8E8G5A:89 ?@>F5AA A>740=8O G5;>25:>< =>2KE >1@07>2 =0 >A=>25 8<5NI8EAO (AB0@KE) ?CB5< 8E ?@5>1@07>20=8O. 07;8G0NB ?@>872>;L=>5 8 =5?@>872>;L=>5 2., 0 B0: 65 2>AA>740NI55 8 B2>@G5A:>5. >AA>740NI55 2. ?>O2;O5BAO ?@8 =5>1E>48<>AB8 2>AA>740BL ?@54AB02;5=85 >1 >1J5:B5 ?> 53> >?8A0=8N. "2>@G5A:>5 2. E0@0:B5@87C5BAO A0<>AB>OB5;L=K< A>740=85< =>2KE >1@07>2 [3]. . ?>72>;O5B 0=0;878@>20BL B5:CI85 40==K5 =0 >A=>25 ?@8G8==>-A;54AB25==KE A2O759 8 0=0;>389 8 ?@>3=>78@>20BL 1C4CI85 A>1KB8O. . A2O70=> =5 B>;L:> A 287C0;L=K<, => 8 A 0C480;L=K< 8 :8=5AB5B8G5A:8< :0=0;0<8 22>40 8=D>@<0F88, B0: :0: <>6=> "2>>1@078BL" >ICI5=8O 8 72C:8. . <>65B ?@82>48BL : 015@@0F8O< (>1<0=C 7@5=8O) 8 : ?>78B82=K< 8 =530B82=K< 30;;NF8=0F8O<. ! 2. A2O70=0 3;C18==0O AB@C:BC@0 287C0;L=>9 ?0<OB8 ().  F5;><, ?0<OBL O2;O5BAO 548=>9 AB@C:BC@>9, => 2 A8;C @0745;5==>AB8 2E>4=KE :0=0;>2 ,  8  8=D>@<0F88, >=0 8<55B A;>6=>5 AB@>5=85. !CI5AB2CNB 2>A?><8=0=8O, ;53:> 2>A?@>872>48<K5 287C0;L=>, => 157 A>?@>2>640NI8E 72C:>2. @8G5<, 5A;8 MB8 2>A?><8=0=8O 2A?;K20NB, :0: =01>@ A;094>2, 72C: =5 C405BAO 2>AAB0=>28BL 8 A ?><>ILN A8=5AB5788 (). =D>@<0F8O, E@0=OI0OAO 2 287C0;L=>9 ?0<OB8, 8<55B <=>3> AC1<>40;L=KE ?0@0<5B@>2, =5:>B>@K5 8E =8E O2;ONBAO :@8B8G5A:8<8 A B>G:8 7@5=8O :>48@>2:8 M<>F89 (). 5?>A@54AB25==> A 2>>1@065=85< 8 287C0;L=>9 ?0<OBLN A2O70=0 3;C18==0O AB@C:BC@0 B2>@G5AB2>. "@5BLO 2E>4=0O ?@><56CB>G=0O AB@C:BC@0 A2O70=0 A 0C480;L=K< :0=0;>< 8 =0720=0 <KH;5=85<. KH;5=85  2KAH0O D>@<0 0:B82=>3> >B>1@065=8O >1J5:B82=>9 @50;L=>AB8, A>AB>OI0O 2 F5;5=0?@02;5==>< >?>A@54>20==>< 8 >1>1I5==>< ?>7=0=88 G5;>25:>< ACI5AB25==KE A2O759 8 >B=>H5=89 25I59. . 2>7=8:05B 2 ?@>F5AA5 >1I5AB25==>-?@>872>4AB25==>9 45OB5;L=>AB8 8 ?@>B5:05B ?@58<CI5AB25==> 2 D>@<5 ?>=OB89 8 :0B53>@89, 2 :>B>@KE 70:@5?;5= 8 >1>1I5= A>F80;L=>-8AB>@8G5A:89 >?KB G5;>25G5AB20. ?8@0OAL =0 GC2AB25==>5 ?>7=0=85, <. ?@5>1@07>2K205B 53>, ?>72>;OO ?>;CG8BL 7=0=8O > B0:8E A2>9AB20E 8 >B=>H5=8OE >1J5:B>2, :>B>@K5 =54>ABC?=K >ICI5=8N 8 2>A?@8OB8N. >72>;O5B ?@>=8:0BL 2 70:>=><5@=>AB8 ?@8@>4K, >1I5AB20 8 A0<>3> <KH;5=8O [3]. 5 >G5=L C40G=>5 >?@545;5=85, ?>?@>1C5< 40BL 8=>5. KH;5=85  ?@><56CB>G=0O AB@C:BC@0 G5;>25G5A:>9 ;8G=>AB8, 2708<>459AB2CNI0O A ?@><56CB>G=K<8 8=D>@<0F8>==K<8 AB@C:BC@0<8 ;N459 8 <0B5@80;L=KE >1J5:B>2, ?>72>;ONI0O 2>AAB0=>28BL 0A?5:BK, G0AB8G=> >?CI5==K5 8;8 8A:065==K5 >@30=0<8 GC2AB2, >ICI5=85< 8 2>A?@8OB85<. A=>2=K< 8=AB@C<5=B>< <. O2;O5BAO ;>38:0, ?@82=5A5==0O 2 ?@>F5AA0E 2>A?8B0=8O, >1CG5=8O, A0<>>1@07>20=8O 8 A>F80;L=>-B@C4>2>9 45OB5;L=>AB8. . 70:;NG05BAO 2 F5;5=0?@02;5==>< >?5@8@>20=88 A;>20<8, ?>=OB8O<8, A8<2>;0<8, 7=0:0<8, >1@070<8, <C7K:0;L=K<8 D@070<8, 87>1@065=85<, 42865=8O<8 8 65AB0<8 A F5;LN 2>AAB0=>2;5=8O 8;8 2KO2;5=8O =54>AB0NI59 8=D>@<0F88. ;C18==K5 AB@C:BC@K 5?>A@54AB25==> A <KH;5=85< A2O70=K A;54CNI85 3;C18==K5 AB@C:BC@K: 0C480;L=0O, A;>25A=0O 8 ?>=OB89=0O ?0<OBL (, ! 8 ), :0@B0, :C;LBC@0 8 8A:CAAB2> ( 8 ). C480;L=0O, A;>25A=0O 8 ?>=OB89=0O ?0<OBL  >B45; 4>;3>2@5<5==>9 ?0<OB8, E@0=OI89 8=D>@<0F8N, ?@5>1@07>20==CN <KH;5=85<. 0@B0  ?@54AB02;5=85 > 2=5H=5< 8 2=CB@5==5< <8@5, A>AB02;5==>5 =0 >A=>25 40==KE, ?@8ACBAB2CNI8E 2> 2A5E ?@><56CB>G=KE 8 3;C18==KE AB@C:BC@0E G5;>25:0. ">?>;>38O :0@BK B5A=> A2O70=0 A ?@>B82>@5G82K<8 8 4065 2708<>8A:;NG0NI8<8 C15645=8O<8 8 25@>20=8O<8, AD>@<8@>20==K<8 =0 >A=>25 2?5G0B;5=89 >B ;8G=>3> >?KB0, 0 =5 =0 1075 AB@>38E ;>38G5A:8E ?>AB@>5=89. 0@B0 >3@0=8G8205B B5@@8B>@8N 8725AB=>3> 8, :0: ?@028;>, O2;O5BAO >3@0=8G8B5;5< A2>1>4K 2K1>@0 ?>2545=89 8 ?5@56820=89 G5;>25:0. 0AB0=540 =07K20; 55 "B>=0;L": "0H @07C< 70AB02;O5B =0A 701KBL, GB> >?8A0=85  MB> B>;L:> >?8A0=85, 8, ?@>I5 G5< >A>7=0BL MB>, G5;>25G5A:85 ACI5AB20 70:;NG0NB A51O 2 70:>;4>20==K9 :@C3, 87 :>B>@>3> >=8 @54:> 2K@K20NBAO 2 B5G5=85 >B?CI5==>3> 8< 2@5<5=8 687=8". &5;>AB=>9 :0@BK C G5;>25:0, :0: ?@028;>, =5 1K205B. ABL F5;K9 "0B;0A" 4;O @07=KE A8BC0F89 8 687=5==KE B5<. C;LBC@0  AB5?5=L >1I5AB25==>3>, C<AB25==>3> 8 =@02AB25==>3> @0728B8O, ?@8ACI0O :><C-;81> [3].  >?@545;5==>< A<KA;5 .  MB> A>F80;L=0O ":0@B0" G5;>25:0, AB5?5=L 53> A>F80;L=>9 040?B0F88. A:CAAB2>  EC4>65AB25==K9 A?>A>1 >?8A0=8O 2=5H=53> 8 2=CB@5==53> <8@0 A ?><>ILN A;>2, 72C:>2, 87>1@065=89 8 42865=89, @57C;LB0B EC4>65AB25==>3> (GC2AB25==>-0AA>F80B82=>3>) B2>@G5AB20. . B5A=> A2O70=> A 3;C18==K<8 AB@C:BC@0<8 2>>1@065=8O, ?0<OB8, C15645=89 8 25@>20=89, 0 B0: 65 A 2KE>4=>9 ?@><56CB>G=>9 AB@C:BC@>9  B2>@G5AB2><. .  >A>1K9 A?>A>1 <KH;5=8O. !0<K<8 3;C18==K<8 AB@C:BC@0<8 2 0C480;L=>< (A>7=0B5;L=><) 1;>:5 O2;ONBAO C15645=8O 8 25@>20=8O. #15645=8O  8458, :>B>@K5 <K AG8B05< 25@=K<8 8 8A?>;L7C5< 2 :0G5AB25 >A=>2K 4;O ?>2A54=52=KE 459AB289. N1>5 #. 8<55B 2 A2>59 >A=>25 2>A?><8=0=85 >1 >4=>< 8;8 =5A:>;L:8E @50;L=KE 8;8 2K4C<0==KE A>1KB8OE. #. <>3CB 1KBL :0: ?>1C640NI8<8, B0: 8 >3@0=8G820NI8<8 ().  >B;8G85 >B 25@>20=89, #. <5=55 8=5@F8>==K, 8 <>3CB 1KBL 87<5=5=K 8;8 ?@5>1@07>20=K. "2>@G5AB2>  3;C18==0O AB@C:BC@0, ?>72>;ONI0O ?@5>1@07>2K20BL 8<5NICNAO 2 G5;>25:5 8=D>@<0F8N 2 =>2CN.  >B;8G85 >B <KH;5=8O, =0?@02;5==>3> =0 G0AB8G=>5 2>AAB0=>2;5=85 22>48<KE 40==KE > 2=5H=5< <8@5, B2>@G5AB2> 2>AAB0=02;8205B 8 ?@5>1@07C5B 8=D>@<0F8N, E@0=8<CN 2 3;C18==KE AB@C:BC@0E G5;>25:0. ".  0;LB5@=0B82=K9 A?>A>1 <KH;5=8O 8 =5 :>=B@>;8@C5BAO A>7=0=85<. 5@>20=85  >A=>2>?>;030NI85 C15645=8O, 4CE>2=>ABL, C@>25=L >B25B>2 =0 <5B0D878G5A:85 2>?@>AK > 4>1@5 8 7;5, 687=8 8 A<5@B8. . =5 8<55B ;>38G5A:>9 AB@C:BC@K, 55 ?>ABC;0BK =5 B@51CNB >1>A=>20=8O, MB> =081>;55 3;C18==K9 0=0;87 687=5==>9 8=D>@<0F88. .  =081>;55 3;C18==0O AB@C:BC@0 "G5;>25G5A:>9" G0AB8 ;8G=>AB8, DC=40<5=B 55 ACI5AB2>20=8O.  =5:>B>@>< A<KA;5 A>45@68B 2A5, G5< <K O2;O5<AO, 8 GB> 45;05<, => =5 A2>48BAO =8 : >4=>9 87 MB8E 25I59 (). . >G5=L 8=5@F8>==> 8 =5 ?>4405BAO ;>38G5A:8< 4>2>40<, O2;O5BAO F5=B@>< 845=B8G=>AB8 <KA;8B5;L=KE AB@C:BC@. =0G8B5;L=K5 87<5=5=8O 2 MB>< 1;>:5 2A5340 A2O70=K A A8;L=K<8 4CH52=K<8 ?5@56820=8O<8 8 70B@03820NB 28B0;L=>ABL. !> AB@C:BC@0<8 0C480;L=>3> 1;>:0 B5A=> A2O70=0 2KE>4=0O ?@><56CB>G=0O AB@C:BC@0 B@0=A;OB>@0. 0 @8A. 2 AB@5;:0<8 ?>:070=K 2708<>459AB28O (>1@0B=K5 A2O78) >B45;L=KE M;5<5=B>2 <564C A>1>9. 081>;55 A8;L=K5 2708<>2;8O=8O <564C AB@C:BC@0<8 >4=>3> C@>2=O.  F5;>< <>6=> 3>2>@8BL > 548=AB25 >B45;L=> ?>25@E=>AB=KE, ?@><56CB>G=KE 8 3;C18==KE AB@C:BC@, 0 8E >1>A>1;5==>ABL A2O70=0 A @07=K<8 A@>:0<8 2>7=8:=>25=8O (A B>G:8 7@5=8O @0728B8O G5;>25:0 :0: 2840) 8 >?@545;5==>9 A?5F80;870F859 >1@01>B:8 8 E@0=5=8O 8=D>@<0F88. @><56CB>G=K5 AB@C:BC@K, :0: 2E>40, B0: 8 2KE>40 8=D>@<0F88, <>3CB 1KBL >1J548=5=K ?>=OB85< "2=CB@5==89 <8@" 0 :064>9 87 =8E <>65B 1KBL A>A@54>B>G5= D>:CA 2=8<0=8O, B>340 :0: 3;C18==K5 AB@C:BC@K 4>ABC?=K 2=8<0=8N ;8HL G0AB8G=>, 40 8 B> ?@8 8A?>;L7>20=88 A?5F80;L=KE AB@0B5389. !>A@54>B>G5=85 D>:CA0 2=8<0=8O =0 ?>25@E=>AB=KE AB@C:BC@0E 22>40 8=D>@<0F88 ?@8=OB> =07K20BL 0?B09<>< (G8AB>5 2>A?@8OB85), 3;C1>:>5 ?>3@C65=85 2 A51O  40C=B09<>< (@07=>284=>ABL B@0=A>2>3> A>AB>O=8O). @><56CB>G=K5 AB@C:BC@K 2K2>40 8=D>@<0F88 (AB@C:BC@K ?@8=OB8O @5H5=8O) AB>G=8:>< 2K2>48<>9 G5;>25:>< 8=D>@<0F88 O2;O5BAO 2=CB@5==89 <8@, >1J548=ONI89 D878>;>38G5A:85 DC=:F88, M<>F88, 2>>1@065=85, <KH;5=85, =02K:8 8 C<5=8O, B@0=A;OB>@. A5 ?5@5G8A;5==K5 M;5<5=BK MB> ?@><56CB>G=K5 AB@C:BC@K 22>40-2K2>40. $878>;>38G5A:85 DC=:F88  D>@<K 45OB5;L=>AB8, E0@0:B5@=K5 4;O 682>9 AB@C:BC@K =0 :;5B>G=><, B:0=52><, >@30==>< 8 A8AB5<=>< C@>2=OE, 0 B0:65 =0 C@>2=5 F5;>AB=>AB8 >@30=87<0. A=>2=>9 D.D. 682>9 AB@C:BC@K =0 ;N1>< C@>2=5 O2;O5BAO ?>AB>O==K9 >1<5= 25I5AB2 8 M=5@388, A :>B>@K< A2O70=K B0:85 ?@>O2;5=8O 687=545OB5;L=>AB8, :0: @>AB, @0728B85, @07<=>65=85, ?8B0=85, 4KE0=85, 42865=85 [3].  40==>9 :>=:@5B=>9 AE5<5 $.D. CG8BK20NB 2708<>A2O7L 8=D>@<0F8>==KE M;5<5=B>2 A 8E <0B5@80;L=K<8 =>A8B5;O<8. > ACB8 45;0 MB> ?5@2>>G5@54=K5 8 157CA;>2=K5 ?@>3@0<<K 459AB289 2 A>>B25BAB288 A A83=0;0<8, ?>ABC?0NI8E >B 2=5H=8E 8 2=CB@5==8E @5F5?B>@>2, 8 >ACI5AB2;ONI85 =5?@5@K2=>5 DC=:F8>=8@>20=85 >@30=87<0. $.D.  "682>B=0O" G0ABL G5;>25:0, 2:;NG0NI0O 2 A51O 8=AB8=:BK 8 @5D;5:AK. =AB8=:B  F5;5=0?@02;5==0O 45OB5;L=>ABL, >1CA;>2;5==0O 2@>645==K<8 <5E0=87<0<8 8 A>25@H05<0O ?>4 2;8O=85< 18>;>38G5A:8E ?>B@51=>AB59, 8=D>@<0F8>==K9 >?KB ?@54K4CI8E ?>:>;5=89 ?> C4>2;5B2>@5=8N >A=>2=KE ?>B@51=>AB59 [3]. 5D;5:A  87<5=5=85 0:B82=>AB8 >@30=87<0 2 >B25B =0 @074@065=85 @5F5?B>@>2. 07;8G0NB 157CA;>2=K5 8 CA;>2=K5 @5D;5:AK [3]. 02K:8 8 C<5=8O  3>B>2K5 ?@>3@0<<K 459AB289 G5;>25:0, ?@8>1@5B5==K5 2 ?@>F5AA5 >1CG5=8O 8 A>F80;L=>9 45OB5;L=>AB8, A;>6=K5 @CB8==K5 459AB28O, =5 B@51CNI85 =5?@5@K2=>3> :>=B@>;O A>7=0=8O. -B8 ?>=OB8O B5A=> A2O70=K A ?>=OB85< AC1;8G=>AB8. "@0=A;OB>@  ?@><56CB>G=0O AB@C:BC@0 2K2>40 A;>25A=>9 8=D>@<0F88, ?>=OB85 405BAO 2?5@2K5. ". B5A=> A2O70= A ?>=OB85< AC1;8G=>ABL (A<. =865). ".  157;8G=K9 <5E0=87<, ?>72>;ONI89 ?@5>1@07>2K20BL =5A;>25A=CN G0ABL 8=D>@<0F88, A>45@60ICNAO 2 ?@><56CB>G=KE 8 3;C18==KE AB@C:BC@0E, 2 25@10;L=CN A F5;LN ?@52@0I5=8O 55 2 >A>7=0==>5 =0<5@5=85 8;8 ?>B@51=>ABL. ". >ACI5AB2;O5B A2O7L AC1;8G=>AB59 <564C A>1>9 8 A A>7=0=85<, >72CG8205B "2=CB@5==89 480;>3" G5;>25:0, ?@5>1@07>2K205B M<>F88 =5?>A@54AB25==> 2 A;>20 8 <564><5B8O. ;>E> :>=B@>;8@C5BAO A>7=0=85<, E>BO 8 ?>;L7C5BAO =5:>B>@K<8 53> AB@C:BC@0<8. KE>4=K5 ?>25@E=>AB=K5 AB@C:BC@K >B@51=>AB8, =0<5@5=8O 8 AB@5<;5=8O >1@07CNB >1;0ABL >?5@0B82=>9 ?0<OB8 2K2>40 8=D>@<0F88. >B@51=>ABL  =0AB>OB5;L=>5 65;0=85 A45;0BL GB>-;81>. @8G8=>9 2>7=8:=>25=8O ?. O2;ONBAO D878>;>38G5A:85 DC=:F88 8 M<>F88. 0<5@5=85  <5=55 ?>1C48B5;L=>, G5< ?>B@51=>ABL 8 =0?@02;5=> =0 1>;55 A;>6=K9 284 45OB5;L=>AB8. @8G8=>9 =. <>3CB 1KBL D878>;>38G5A:85 DC=:F88, M<>F88, 2>>1@065=85, <KH;5=85 8 8=BC8F8O. !B@5<;5=85  65;0=85 4>18BLAO :0:>9-=81C4L A;>6=>9 F5;8, B@51CNI59 4;O A2>53> 4>AB865=8O 4;8B5;L=>3> 2@5<5=8 8 A>2>:C?=>AB8 @07=KE 459AB289. >1C48B5;L=K<8 ?@8G8=0<8 A. <>3CB 1KBL 2A5 ?@><56CB>G=K5 AB@C:BC@K. >B@51=>AB8, =0<5@5=85 8 AB@5<;5=85 <>3CB 8<5BL >B;>65==K9 AB0BCA 8;8 1KBL 2>>1I5 =5@50;87>20==K<8.  ?>A;54=5< A;CG05 >=8 ?5@5E>4OB 2 4>;3>2@5<5==CN M<>F8>=0;L=CN ?0<OBL, A>E@0=OO 2AN A2>N ?>1C48B5;L=CN M=5@38N. >@O4>: 8E @50;870F88, >B:;04K20=8O 8;8 2KB5A=5=8O >ACI5AB2;O5B 1>;55 1;87:0O : ?>25@E=>AB8 AB@C:BC@0. =0 2:;NG05B 2 A51O ?@8>@8B5BK, 2>;N 8 ?;0=8@>20=85. @8>@8B5BK  >?@545;ONB ?>@O4>: C4>2;5B2>@5=8O ?>B@51=>AB59 8 =0<5@5=89 2 A>>B25BAB288 A 8E 0:BC0;L=>ABLN 8 045:20B=>ABLN >:@C60NI8< CA;>28O<. >;O  >A>10O D>@<0 0:B82=>AB8 G5;>25:0, :>B>@0O A>AB>8B 2 >ACI5AB2;5=88 459AB289, =0?@02;5==KE =0 >A>7=0==CN F5;L 8 A2O70==KE A CA8;8O<8, B@51CNI8<8AO 4;O ?@5>4>;5=8O 2=5H=8E 8 2=CB@5==8E ?@5?OBAB289 =0 ?CB8 : F5;8 [3]. >;O <>65B, :0: CA:>@OBL @50;870F8N ?., =. 8 A., B0: 8 >B:;04K20BL 8;8 >B:;>=OBL 8E >ACI5AB2;5=85. . ?@54AB02;O5B A>1>9 A>7=0B5;L=K9 :>=B@>;L 459AB289, >ACI5AB2;O5<K9 @07=K<8 AB@C:BC@0<8 (<KH;5=85<, :C;LBC@>9, C15645=8O<8 8 25@>20=85<). 0;55 ?5@5G8A;ONBAO A>1AB25==> ?>25@E=>AB=K5 AB@C:BC@K 2K2>40 8=D>@<0F88. =8 2:;NG0NB 2 A51O ?A8E>D878G5A:85 A>AB>O=8O, A83=0;K 4>ABC?0, 459AB28O 8 42865=8O, ?>2545=85, @5GL 8 4@C385 A?>A>1K :>48@>20=8O 8=D>@<0F88. A8E>D878G5A:85 A>AB>O=8O  A?5F80;878@>20==K5 A>AB>O=8O ?A8E8:8 8 A>>B25BAB2CNI8E D878>;>38G5A:8E DC=:F89, =5>1E>48<K5 4;O 2K?>;=5=8O :>=:@5B=KE 459AB289. ?@545;ONBAO 2708<>A2O7LN (F5?>G:>9) 3;C18==KE, ?@><56CB>G=KE 8 ?>25@E=>AB=KE 8=D>@<0F8>==KE AB@C:BC@, =0E>4OI8EAO 2 40==K9 <><5=B 2 0:B82878@>20==>< A>AB>O=88. @8<5@>< ?.A. <>3CB A;C68BL B@0=A, A>=, >B4KE, =0@:>B8G5A:>5 >?LO=5=85, D878G5A:0O 45OB5;L=>ABL, 2K?>;=5=85 AB0=40@B=KE 284>2 45OB5;L=>AB8, 2 B>< G8A;5 ?@>872>4AB25==KE DC=:F89 8 B.4.  ;N1>9 <><5=B 2@5<5=8 G5;>25: =0E>48BAO 2 :>=:@5B=>< ?.A., :>B>@>5 >?@545;O5B 8=B5=A82=>ABL 8 045:20B=>ABL 53> 459AB289. !83=0;K 4>ABC?0 (!)  A><0B8G5A:85 (B5;5A=K5) @50:F88, >B@060NI85 2=CB@5==85 ?A8E8G5A:85 ?@>F5AAK. :;NG0NB 2 A51O: ?>7C, 65ABK, G0AB>BC 4KE0=8O 8 ?C;LA0, 87<5=5=85 F25B0 :>68, 42865=85 3;07, >A>15==>AB8 @5G8 8 B.?. (). !.4.  A2845B5;LAB20 D878>;>38G5A:>3> 8 M<>F8>=0;L=>3> A>AB>O=8O G5;>25:0, D8:A0F88 2=8<0=8O =0 B>9 8;8 8=>9 AB@C:BC@5 2=CB@5==53> <8@0, =5 :>=B@>;8@CNBAO A>7=0=85< 8 A;C60B MDD5:B82=>9 >1@0B=>9 A2O7LN ?@8 >1I5=88. 59AB28O  ?@>ABK5 8;8 A;>6=K5 42865=8O, ?>72>;ONI85 C4>2;5B2>@8BL ?>B@51=>AB8 8 =0<5@5=8O. 07;8G0NB @5D;5:B>@=K5 ., :0: >B25B =0 2=5H=55 2>7459AB285, 8 F5;5=0?@02;5==K5 ., ?>1C6405<K5 ?@>F5AA0<8 2=CB@5==53> <8@0. >2545=85  A>F80;L=> 7=0G8<K5 459AB28O ?> >B=>H5=8N : 4@C38< ;N4O<, AB0=40@B=K5 ?0BB5@=K >1I5AB25==>3> ?>2545=8O. . B5A=> A2O70=> A :C;LBC@>9 G5;>25:0 8 53> M<>F8>=0;L=K< 8 ?A8E>D878G5A:8< A>AB>O=85<. !>>1I5=85  A;>25A=0O 8;8 8=K< >1@07>< :>48@>20==0O 8=D>@<0F8O (72C:0<8, 65AB0<8, 42865=8O<8, @8AC=:0<8 8 AE5<0<8, =0?8A0==K<8 A8<2>;0<8 8 B.?.), ?@54=07=0G5==0O 4;O ?5@540G8 4@C38< ;N4O<. %>BO ?>GB8 2A5 M;5<5=BK AB@C:BC@K ;8G=>AB8, 87>1@065==K5 =0 @8A. 2, ?>;CG8;8 A2>5 >?@545;5=85, >AB0;8AL 5I5 =5A:>;L:> 206=KE ?>=OB89. -B> 4CH0, A>25ABL, 8=BC8F8O, "/" 8 AC1;8G=>AB8. !B@C:BC@0;87< =5 >B@8F05B 8 =5 CB25@6405B =0;8G85 M:78AB5=F80;L=KE 8 B@0=AF5=45=B=KE A2>9AB2 C G5;>25:0. A;8 A;54>20BL ?@8=F8?C ::0<0, B> 4;O 22>48<>9 AB@C:BC@K MB8 ?>=OB8O =5 O2;ONBAO >1O70B5;L=K<8. "5< =5 <5=55, 87 C2065=8O : ;N1K< @5;838>7=K< 8 M7>B5@8G5A:8< 273;O40<, 2 AE5<5 22545=0 3;C18==0O AB@C:BC@0 "4CE>2=>ABL", 55 <>6=> =0?>;=OBL @07=K< A<KA;><. 0@O4C A 28B0;L=>ABLN 8 25@>20=85<, >=0 O2;O5BAO =081>;55 3;C18==>9 AB@C:BC@>9 2=CB@5==53> <8@0 G5;>25:0.  55 ?@>O2;5=8O< <>6=> >B=5AB8 B0:85 D5=><5=K, :0: A>25ABL, "157<>;2=>5 7=0=85" 8 >B:@>25=8O, ?>;CG05<K5 87 =58725AB=>3> 8AB>G=8:0, 7=0=85 A>1AB25==>9 <8AA88 2 MB>9 687=8 8 B.?. A5 7028A8B >B ;8G=>3> >?KB0 :>=:@5B=>3> G5;>25:0. B58ABK <>3CB =5:>B>@K5 87 ?5@5G8A;5==KE ?>=OB89 >B=5AB8 : 28B0;L=>AB8 8 25@>20=8N, 0 <>3CB 8 >1J548=8BL 2A5 B@8 AB@C:BC@K 2 >4=C  8=BC8F8N. =BC8F8O  A?>A>1=>ABL =5?>A@54AB25==>3> ?>AB865=8O 8AB8=K, 157 ?@5420@8B5;L=KE @0AAC645=89 8 4>:070B5;LAB2. >=OB85 "8=BC8F8O" >E20BK205B 4>2>;L=> H8@>:89 :@C3 ?A8E8G5A:8E O2;5=89, :>B>@K5 E0@0:B5@87CNBAO =5?>A@54AB25==>ABLN, >70@5=85< =>2>9 84559 2 ?@>F5AA5 ?>7=0=8O 8 B2>@G5AB20, <>;=85=>A=K< "AE20BK20=85<" ACB8 45;0 8 =5A><=5==K< CG0AB85< ?>4A>7=0=8O [3]. ;87:8< ?> A<KA;C O2;O5BAO B5@<8= 0AB0=54K "157<>;2=>5 7=0=85". . E0@0:B5@=0 =525@10;L=K< A?>A>1>< >?5@8@>20=8O 8=D>@<0F859 8 ?@>O2;O5BAO :0: GC2AB2> 8;8 @O4 2=CB@5==8E >1@07>2. "0:8< >1@07><, AB@C:BC@8@>20=85 =081>;55 3;C18==KE AB@C:BC@ ;8G=>AB8 7028A8B >B A0<8E MB8E AB@C:BC@ :>=:@5B=>3> G5;>25:0. AB05BAO >B:@KBK< 2>?@>A, 0 345 2 AE5<5 <5AB> 4;O A0<>>A>7=0=8O, 345 A>1AB25==> "/" 8 GB> MB> B0:>5. !0<>>A>7=0=85 =5 <>65B 1KBL B>645AB25==> 2A5 AB@C:BC@5 ;8G=>AB8 2 F5;><, B0: :0: 55 >B45;L=K5 M;5<5=BK <>3CB 1KBL 0:B82=K<8 8;8 ?0AA82=K<8. K 65 A2>5 "/" >ICI05< :0: :>=AB0=BC, 2A5340 B>645AB25==CN A515, =5 7028A8<> >B 2>7@0AB0 8 ?A8E>D878G5A:>3> A>AB>O=8O. 065 2> A=5 <K >B;8G05< "/" >B "=5-/". ">G=> B0:65, =8 >48= M;5<5=B AB@C:BC@K =5 <>65B 1KBL >B>645AB2;5= A MB8< ?>=OB85<. 065 4CH0, 5A;8 ?@87=0BL 55 ACI5AB2>20=85, =5 @02=0 A0<>>A>7=0=8N. =0G5 ?@845BAO ?@87=0BL, GB> >=0, G0AB8F0 2A5;5=A:>3> CE0, >B25BAB25==0 70 2A5 B2>@8<K5 =0<8 <5@7>AB8. # 0@;>A0 0AB0=54K, >?8AK202H53> G5;>25:0, :0: M=5@35B8G5A:>5 (8=D>@<0F8>==>5  02B.) O9F>, 5ABL ?>=OB85 B>G:8 A1>@:8  =5:>53> C7;0, 0:B82878@CNI53> 2=CB@5==85 M=5@35B8G5A:85 2>;>:=0 2 A>>B25BAB288 A ?@>E>4OI8<8 G5@57 =53> 2=5H=8<8 M=5@35B8G5A:8<8 ?CG:0<8.  7028A8<>AB8 >B B>3>, :0:85 2=5H=85 M=5@35B8G5A:85 2>;>:=0 ?@>E>4OB 2 40==K9 <><5=B G5@57 B>G:C A1>@:8, >=0 A428305BAO 8 0:B82878@C5B 2=CB@5==85 ?>B>:8 M=5@388. > 0=0;>388 ?@54;0305BAO 225AB8 ?>=OB85 "D>:CA0 2=8<0=8O"  =5:>53> ?>4286=>3> F5=B@0, 0:B82878@CNI53> >?@545;5==CN A>2>:C?=>ABL 8=D>@<0F8>==KE AB@C:BC@ G5;>25G5A:>9 ;8G=>AB8. 3> ?>;>65=85 >?@545;O5BAO A>AB>O=85< 2=5H=8E 8 2=CB@5==8E ?>B>:>2 8=D>@<0F88. @8 8E A>>B25BAB288, D>:CA 2=8<0=8O 8<55B D8:A8@>20==>5 ?>;>65=85, ?@8 @0AA>3;0A>20=88 >= A<5I05BAO, ?KB0OAL =09B8 >?B8<0;L=>5 ?>;>65=85. 064K9 G5;>25: 8<55B :>=5G=>5 G8A;> B>G5: D8:A0F88, :>B>@K5 B0: 65 <>6=> =0720BL ?A8E>D878G5A:8<8 A>AB>O=8O<8. 8384=K5 ;8G=>AB8 8<5NB <8=8<0;L=>5 :>;8G5AB2> B0:8E A>AB>O=89, 381:85  3>@074> 1>;LH55 G8A;>. 07;8G=K5 ?A8E>D878G5A:85 A>AB>O=8O <>3CB ?@>O2;OBL ?>;O@=K5 G5@BK ;8G=>AB8, A>74020O 2?5G0B;5=85 01A>;NB=> @07=KE ;N459. '0AB> G5;>25: 2 >4=>< A>AB>O=88 =5 ?><=8B, GB> >= 45;0; 2 4@C3>< @57:> 87<5=5==>< (65:8; 8 %094). A;8 2=5H=89 ?>B>: 8=D>@<0F88 =5 <>65B 1KBL A>3;0A>20= =8 A >4=8< ?>;>65=85< D>:CA0 2=8<0=8O, G5;>25: 2?0405B 2 B@0=A>2>5 A>AB>O=85, ABC?>@ 8;8 2K=C645= ?>;=>ABLN 83=>@8@>20BL ?>ABC?0NI85 40==K5. ! MB>9 B>G:8 7@5=8O 1KAB@K9 (?0@04>:A0;L=K9) A>= <>65B 1KBL >?8A0=, :0: <5;:85 E0>B8G5A:85 :>;510=8O D>:CA0 2=8<0=8O, A;CG09=K< >1@07>< 0:B82878@CNI85 =5:>B>@K5 8=D>@<0F8>==K5 AB@C:BC@K ;8G=>AB8 (G0I5 2A53> ?0<OBL 8 M<>F88). $>:CA 2=8<0=8O <>65B @0745;OBLAO =0 425, B@8 8 1>;55 G0AB59. !0<K9 8725AB=K9 ?@8<5@  .;89 &570@L, C<52H89 45;0BL =5A:>;L:> 45; >4=>2@5<5==>. -B> >1AB>OB5;LAB2> >1JOA=O5B A>AB>O=8O 0AA>F80F88 (G5;>25: "87=CB@8" A51O GC2AB2C5B 8 2>A?@8=8<05B ?@>8AE>4OI85 A>1KB8O 8;8 2>A?><8=0=8O), 48AA>F80F88 (A<>B@8B =0 A51O A> AB>@>=K, ?@0:B8G5A:8 =5 8A?KBK20O M<>F89), 42>9=>9 48AA>F80F88 (2848B A51O, A<>B@OI8< =0 A51O  4@C3>3>). !>1AB25==> <><5=BK A0<>>A>7=0=8O  MB> 48AA>F88@>20==>5 A>AB>O=85, :>340 @0745;5==K5 ?>;>28=:8 D>:CA0 2=8<0=8O D8:A8@CNBAO 4@C3 =0 4@C35. 0AI5?;5=85 D>:CA0 2=8<0=8O 2K7K205B =5>1E>48<>ABL 22545=8O ?>=OB8O "AC1;8G=>ABL".   ?@8=OB =5A:>;L:> 8=>9 B5@<8=  "G0ABL ;8G=>AB8". 0 273;O4 02B>@0 >= =5 >G5=L C40G5=, B0: :0: ?>4@07C<5205B =5:>B>@CN CI5@1=>ABL 8 =5?>;=>ABL.   =0;8G85 G0AB59 ;8G=>AB8 ?>ABC;8@C5BAO 8 =8 G5< =5 >1>A=>2K205BAO. @54?>;0305BAO, GB> >=8 02B>=><=K, A0<>4>AB0B>G=K, 8<5NB A2>N DC=:F8N 8 F5;L, 2 @O45 A;CG052 <>3CB :>=D;8:B>20BL <564C A>1>9, =5 :>=B@>;8@CNBAO A>7=0=85<. ;O :064>9 G0AB8 ;8G=>AB8 <>6=> 2KO28BL <5B0F5;L  ACI=>AB=>5 A>AB>O=85 [9].  A2>8E DC=:F88, F5;8 8 ACI=>AB=>< A>AB>O=88 >=8 <>3CB A>>1I0BL A>7=0=8N 25@10;L=>, 2 2845 >1@07>2 8 >ICI5=89 8;8 :8=5AB5B8G5A:8<8 A83=0;0<8 42>8G=>3> :>40 "40" 8 "=5B".  ;N1>< A;CG05 >=8 ?>=8<0NB 25@10;L=CN 8=D>@<0F8N, 8A?>;L7CO B@0=A;OB>@. 0745;5=85 ;8G=>AB8 =0 G0AB8 5ABL 8 2 ?A8E>0=0;875 8 2 35HB0;LB5.   ?>H;8 40;LH5 =8 G5< =5 >3@0=8G820O 8E G8A;>, => 8 =8 :0: 8E =5 AB@C:BC@8@CO. 0 >A=>25 22545==KE ?>=OB89 AC1;8G=>ABL <>6=> >E0@0:B5@87>20BL A;54CNI8< >1@07><. -B> CAB>9G820O A2O7L <564C M;5<5=B0<8 AB@C:BC@K ;8G=>AB8, A>740==0O 4;O 4>AB865=8O ?>AB>O==> 2>7=8:0NI8E F5;59, B@51CNI8E AB0=40@B=KE (E>@>H> >A2>5==KE) 459AB289. A;54AB285 =5>1E>48<>AB8 2K?>;=5=8O =5A:>;L:8E 45; >4=>2@5<5==>, AC1;8G=>AB8 <>3CB DC=:F8>=8@>20BL >4=>2@5<5==>, >B25G0O 70 :>=:@5B=K5 F5;8. -B> 4>AB8305BAO @0AI5?;5=85< D>:CA0 2=8<0=8O. !C1;8G=>AB8 <>3CB 8A?>;L7>20BL >4=8 8 B5 65 8=D>@<0F8>==K5 AB@C:BC@K, => 2 @07=>< A>G5B0=88 8 2 @07=>9 AB5?5=8 8E 0:B82870F88. 5:>B>@K5 AC1;8G=>AB8 8<5NB 42CEAB>@>==89 4>ABC? : B@0=A;OB>@C (157;8G=>AB=><C <5E0=87<C A;>25A=>9 :>48@>2:8) A F5;LN ?@52@0I5=8O A>1AB25==KE =C64 2 ?>B@51=>AB8 8 =0<5@5=8O ;8G=>AB8. A;8 459AB28O >4=>9 AC1;8G=>AB8 <5H0NB 8;8 ?@5@K20NB 459AB28O 4@C3>9, 2>7=8:05B 2=CB@5==89 :>=D;8:B, >ICI05<K9 2 2845 =530B82=KE M<>F89, >1@07>2 8;8 2=CB@5==53> 480;>30 (CG0AB=8:>2 >1AC645=8O <>65B 1KBL 8 1>;LH5 42CE). =5H=5 :>=D;8:B AC1;8G=>AB59 <>65B 2K@060BLAO 2 2845 =5@5H8B5;L=>AB8, =5@2>7=>AB8, >3>2>@>:, =5:>=3@CM=B=>AB8, =5<>B828@>20==KE 2A?KH5: M<>F89 8 B.?. $C=:F8>=8@>20=85 AC1;8G=>AB8 2>7<>6=> B>;L:> ?@8 >?@545;5==KE ?A8E>D878G5A:8E A>AB>O=8OE. >MB><C =5 2A5 AC1;8G=>AB8 <>3CB 0:B82878@>20BLAO >4=>2@5<5==>. E ACI5AB2>20=85 8<55B >G5284=K5 ?;NAK: ?0@0;;5;L=>5 2K?>;=5=85 =5A:>;L:8E 45;, <8=8<870F8O @0AE>40 ?A8E8G5A:>9 8 D878G5A:>9 M=5@388. "0: 65 5ABL 8 >ICB8<K5 <8=CAK: 65AB:0O D8:A0F8O D>:CA0 2=8<0=8O @57:> >3@0=8G8205B 2=CB@5==NN A2>1>4C G5;>25:0, "@8BC0;L=>ABL" 459AB289 45;05B 53> ?>2545=85 45B5@<8=8@>20==K<, :>=D;8:B <564C AC1;8G=>ABO<8 @57:> A=8605B 53> A0<>>F5=:C 8 MDD5:B82=>ABL. >MB><C 8=B53@0F8O G0AB59  >G5284=K9 ?CBL @0AH8@5=8O 8 >1>30I5=8O 2=CB@5==53> <8@0. 0AB0=540 CB25@640;, GB> 2>7<>6=K B@8 ?@8=F8?80;L=K5 ?>;>65=8O B>G:8 A1>@:8 (D>:CA0 2=8<0=8O  02B.). A;8 >=0 A2O7K205B A>>B25BAB2CNI85 4@C3 4@C3C 2=CB@5==85 8 2=5H=85 M=5@388 (8=D>@<0F8>==K5 AB@C:BC@K) 8 B0:>5 A>>B25BAB285 C65 2AB@5G0;>AL, B> MB> 8725AB=>5. A;8 A>>B25BAB285 2>7=8:05B 2 ?5@2K9 @07 8 >=> =5?>;=>5  MB> =58725AB=>5. A;8 A>>B25BAB285 2 ?@8=F8?5 =52>7<>6=>  MB> =5?>7=0205<>5. ! MB>9 B>G:8 7@5=8O <>6=> @0AA<0B@820BL 8=BC8F8N, :0: AC1;8G=>ABL, 8<5NICN 4>ABC? =5?>A@54AB25==> : A0<K< 3;C18==K< AB@C:BC@0< G5;>25:0 8 2A5;5==>9. KH;5=85 2>A?@8=8<05B 40==K5 8=BC8F88 :0: "=58725AB=>5", E>BO 8 872;5G5==>5 87 =54@ ;8G=>AB8. "0:8< >1@07><, <>6=> 70:;NG8BL, GB> 4;O G5;>25:0 ?>7=0205<>5 >3@><=>, => =5 1573@0=8G=>. "0:>9 ?>4E>4 =5 >B@8F05B =8 <0B5@80;87<, =8 8450;87<.  <0B5@80;87<5 ;8HL AB028BAO ?>4 A><=5=85 ?>ABC;0B > B><, GB> G5;>25: >B@0605B 2=5H=89 <8@, 8 B>B ?>;=>ABLN ?>7=0205<. <5AB> MB>3> CB25@6405BAO, GB> G5;>25: ?@82>48B 2 A>>B25BAB285 A2>8 ?@><56CB>G=K5 8 3;C18==K5 8=D>@<0F8>==K5 AB@C:BC@K A 0=0;>38G=K<8 2> 2=5H=5< <8@5. "0:65 22>4OBAO @0<:8 ?>7=0205<>AB8 A5;5==>9.  8450;87<5 =5 >B@8F05BAO ?>ABC;0B > ACI5AB2>20=88 =5<0B5@80;L=>3> CE0, 81> 8=D>@<0F8O <>65B AG8B0BLAO 02B>=><=>9 >B 55 <0B5@80;L=>3> =>A8B5;O 8 1KBL A2>9AB2><, :0: <0B5@88, B0: 8 8450;L=>3>. B@8F05BAO ;8HL ?>ABC;0B > ?@8<0B5 4CE0 =04 <0B5@859.  :>=F5 3;02K @0F8>=0;L=> >F5=8BL 4>AB>8=AB20 8 =54>AB0B:8 ?@54;>65==>9 AB@C:BC@K ;8G=>AB8 8 =>2>3> ?>=OB89=>3> @O40. !>1AB25==> AE5<0 =0 @8A. 2 O2;O5BAO B8?8G=>9 ":0@B>9" 2=CB@5==53> <8@0. , :0: B0:>20O, >=0 ;8HL G0AB8G=> 5<C A>>B25BAB2C5B. 08<5=>20=85 AB@C:BC@ CA;>2=>, :0: 8 8E >1>A>1;5=85. 0: C65 C?><8=0;>AL, ?0<OBL 548=0, => 8<55B =5A:>;L:> :0=0;>2 22>40-2K2>40 8=D>@<0F88. @8G5< :>48@>2:0, "A60B85" 8 2K7>2 E@0=8<>9 8=D>@<0F88 4;O ,  8  A8AB5< @07;8G=K. 0640O @5?@575=B0B82=0O A8AB5<0 8<55B A2>8 :@8B8G5A:85 AC1<>40;L=>AB8 8 <>65B 1KBL 254CI59 8;8 @5D5@5=B=>9. >MB><C AB@C:BC@C ;8G=>AB8 <>6=> CA;>2=> ?>45;8BL =0 B@8 G0AB8  :8=5AB5B8G5A:CN, 287C0;L=CN 8 0C480;L=CN. 0A?@545;5=85 8=D>@<0F8>==KE AB@C:BC@ ?> "3;C18=5" A>>B25BAB2C5B 8E >G5@54=>AB8 ?@8 >1@01>B:5 8=D>@<0F88 8 "8=5@F8>==>AB8"  A:>@>AB8 ?@>8AE>4OI8E 87<5=5=89. 0745;5=85 ?@><56CB>G=KE A8AB5< ?@>872545=> 2 A>>B25BAB288 A <5B>40<8 >1@01>B:8 40==KE. G5284=>, GB> D878>;>38G5A:85 DC=:F88, M<>F88, 2>>1@065=85, <KH;5=85, =02K:8, C<5=8O 8 @5GL 1078@CNBAO =0 @07=KE ?@8=F8?0E, 8<5NB @07=CN A:>@>ABL 8 3;C18=C 0=0;870. =8 <>3CB DC=:F8>=8@>20BL ?>A;54>20B5;L=> (70 AG5B @07=>9 A:>@>AB8) 8 ?0@0;;5;L=> (:><?;5:A=K9 0=0;87). # :>=:@5B=>3> G5;>25:0 B>B 8;8 8=>9 A?>A>1 0=0;870 <>65B 1KBL ?@58<CI5AB25==K<. 081>;55 B5A=K5 2708<>A2O78 ACI5AB2CNB <564C AB@C:BC@0<8 >4=>3> C@>2=O (3>@87>=B0;L=K5 A2O78), GB> =5 8A:;NG05B >1H8@=>9 25@B8:0;L=>9 A2O7=>AB8 C AC1;8G=>AB59. ;O :>=:@5B=KE F5;59 >1I0O AB@C:BC@0 ;8G=>AB8 <>65B 1KBL C:@C?=5=0 8;8 45B0;878@>20=0 =0 2KH5 >?8A0==KE ?@8=F8?0E. 5 M;5<5=BK 8 8E 2708<>A2O78 <>3CB 4>?>;=OBLAO 8 <>48D8F8@>20BLAO. !0<0 AB@C:BC@0 =5 4>;6=0 O2;OBLAO A0<>F5;LN, >=0 22>48BAO 8 8A?>;L7C5BAO 2 G8AB> CB8;8B0@=KE F5;OE. >2K9 ?>=OB89=K9 @O4, :0: 8 A0< AB@C:BC@0;87<, =0 40==K9 <><5=B O2;ONBAO >@838=0;L=>9 8 =5 4> :>=F0 @07@01>B0==>9 B>G:>9 7@5=8O. !25689 273;O4 =0 8725AB=K5 25I8 ?><>305B ?>;CG8BL =>2CN 8 C?>@O4>G8BL AB0@CN 8=D>@<0F8N, =5 >B<5B0O 2A5 ?@54K4CI55. @54;>65==K9 ?>4E>4 8<55B 8 >G5284=K5 =54>AB0B:8. = 83=>@8@C5B <0B5@80;L=K5 =>A8B5;8 8=D>@<0F88, 8E >A>15==>AB8 8 ?@8=F8?K DC=:F8>=8@>20=8O, CG8BK205B B>;L:> :>=5G=K9 @57C;LB0B - A:>@>ABL, ?>A;54>20B5;L=>ABL 8 3;C18=C ?@>@01>B:8 40==KE. >:070==K5 =0 AE5<5 >1@0B=K5 A2O78 22545=K G8AB> DC=:F8>=0;L=> 8 =5 >?@545;ONBAO :0: >B45;L=K5 1;>:8, 8A:060NI85 ?@>F5AAK >1<5=0. !?8A>: ;8B5@0BC@K 8;BA >15@B. >45;8@>20=85 A ?><>ILN .  !1.: 8B5@ 2000.- 288 A. !>2@5<5==K9 A;>20@L 8=>AB@0==KE A;>2. .: CA. O7., 1992.- 740 A. >;LH0O <548F8=A:0O M=F8:;>?548O: [2 30-B8 B><0E,  !!! ]  35 874. .: !>25BA:0O M=F8:;>?548O. 0@;>A 0AB0=540. >;5A> 2@5<5=8.  .: "!>D8O", ltd.,1998  288 A. ' >==>@ 6>75D, !59<>@ 6>=. 2545=85 2 =59@>;8=328AB8G5A:>5 ?@>3@0<<8@>20=85.  '5;O18=A:: "81;8>B5:0 . 8;;5@0", 1998.  272 A. M=4;5@ ., @8=45@ . 5D@59<8=3: >@85=B0F8O ;8G=>AB8 A ?><>ILN @5G52>9 AB@0B5388.  >@>=56.:  "-", 1995.  256 A. 8G0@4 M=4;5@. A?>;L7C9B5 A2>9 <>73 4;O 87<5=5=8O.  !1.: ".25=B0",1995. 168 A. =4@50A ., =4@50A !. 7<5=8B5 A2>5 <KH;5=85 8 2>A?>;L7C9B5AL @57C;LB0B0<8. >259H85 AC1<>40;L=K5 2<5H0B5;LAB20 .  !1.: ".25=B0", - 1999.  238 A. >=8@0 =4@50A 8 "0<0@0 =4@50A. !CI=>AB=0O B@0=AD>@<0F8O: >1@5B5=85 =58AAO:05<>3> 2=CB@5==53> 8AB>G=8:0. !5<8=0@ A 4>:B>@>< <548F8=K 8;B>=>< . -@8:A>=>< (C@>:8 38?=>70) / 540:F8O 8 :><<5=B0@88 6. . 5930.  .: 57028A8<0O D8@<0 ";0AA", 1994.  336 A. 6>= @8=45@ 8 8G0@4 M=4;5@. "@0=AD>@<MH=.  !K:BK2:0@: "$;8=B0", 1999. -296 A. M284 >@4>=. "5@0?52B8G5A:85 <5B0D>@K.  !1.: "5;K9 :@>;8:", 1995.  196 A. 0:-5@<>BB /=, '>==>@ 6>75D.  8 74>@>2L5. A?>;L7>20=85  4;O C;CGH5=8O 74>@>2LO 8 1;03>?>;CG8O. '5;O18=A:: "81;8>B5:0 . 8;;5@0", 1998.  240 A.      HYPERLINK "http://globalteka.ru/" globalteka.ru - @0<>B=>5 8 :0G5AB25==>5 2K?>;=5=85 2A5E 284>2 =0CG=KE @01>B. !:84:8, >@838=0;L=>ABL, :>=B@>;L ?;0380B0, ?@O<>5 >1I5=85 A 02B>@><. 0:070BL 2K?>;=5=85 CG51=>9 8;8 =0CG=>9 @01>BK <>6=> 745AL:  HYPERLINK "http://globalteka.ru/order.html" http://globalteka.ru/order.html PAGE 1 PAGE 63  HYPERLINK "http://globalteka.ru/" globalteka.ru - @0<>B=>5 8 :0G5AB25==>5 2K?>;=5=85 2A5E 284>2 =0CG=KE @01>B. !:84:8, >@838=0;L=>ABL, :>=B@>;L ?;0380B0, ?@O<>5 >1I5=85 A 02B>@><. 0:070BL 2K?>;=5=85 CG51=>9 8;8 =0CG=>9 @01>BK <>6=> 745AL:  HYPERLINK "http://globalteka.ru/order.html" http://globalteka.ru/order.html ~jdlPnx}8XfV"P v & F`v   $`a$` "$&(*,.024ln`  $'/P8>AKpS^bjnt`$`a$t|v֚tBڹԼ4<j&nr@HFd & F`~HNP^`fhlp<<<jNNNSSSS\T^TTTUUHVJVYYVYXYrZtZaarrPs\s^s`sbslstttt t,ttttt>}} Hfl|پپپپپپپپپٸ٨hb5>*CJ hb6CJ hbCJ!jhb5CJUmHnHuh$hb5CJ hb5CJ hbCJ hb5CJ h$hbhbmH sH hbBdb2#'*128;;;;;;;;;;;;;;;;;;;;;`;;;;;;;;;;;;;<<<<< < <<<<<<:<<<M@N$`a$`@NBNDNFNHNJNLNNNPNRNTNVNXNZN\N^N`NbNdNfNhNjNNNNN SzU$a$$a$`zUVX[H^ a>mRnrrrrrrrsNs $$Ifa$$If$a$$`a$NsPs^sbssssstzzttktt $$Ifa$$If$a$kd$$IflF$`]0    4 lattt tPtttttZUUOOFOO $$Ifa$$If$a$kd$$IflF$`] 0    4 lapttttuZUUO$If$a$kd$$IflF$`] 0    4 lapuuuuudu~vwxy${{8}:}x$`a$$`a$$a$$a$ikdp$$Ifl$c%  .04 lap . :}<}>}}}FHp|֌&l "$&$a$$`a$`$a$$`a$̌Ҍ֌"FH&hpvx|ʕ04:Ȗʖ  (*PRTVXpr޾޵޵޵v޵jhb56CJEHUjhb56CJEHU&jf> hb56UVmHnHujhb56CJUhb56CJh$hb56 jhb56UmHnHu hb5 hb56hb5>*CJh$hb5CJ hb5CJ)&hjlnpxz|ʕ $$Ifa$$a$$a$ ʕ̕Еԕؕڕ.|sssmssss$If $$Ifa$kd$$Ifl4F#  # v0    4 lalf4 .06$Ifkd$$Ifl4ִ# ] GnvK0    4 lalf468:Ȗ $$Ifa$^kd$$Ifl4C  04 lalf4$IfȖʖ(X$If $$Ifa$nkdd$$Ifl4B     04 lalf4p "$JLNP|~ҘԘ^`hp™ԙؙ֙ڙ*,DǓjhb56CJEHUhb56CJmH sH j hb56CJEHU jhb56UmHnHu hb56hb56CJjhb56CJUjz hb56CJEHU&j g> hb56UVmHnHu4ڗWUUUL $$Ifa$kd- $$Ifl4F F  n   0    4 lalf4p"R^l|~~~$a$Ff $$Ifa$lkdK $$Ifl4   04 lalf4p ȘИҘ *8B^`lnpFf $$Ifa$ $$Ifa$lkdK$$Ifl4  04 lalf4p ™֙ڙWUUULFL$If $$Ifa$kd$$Ifl4F2 OO 0    4 lalf4p  "*WUUUUULL $$Ifa$kd$$Ifl4F 7 0    4 la1f4p*,8DFKIIkd$$IflF /  0    4 lap $$Ifa$$IfDFPRxz|~ʚΚܚ "$B6D.zf|&6ɼyri_ii_i_ih$hb5CJhb5>*CJ hb6CJjkhb5CJEHU0jX> hb5B*CJUVmHnHphujhb5CJU hb5CJhb56CJjhb56EHU&jbx> hb56UVmHnHujhb56U jhb56UmHnHu hb56%Ț$IfȚʚКҚkd'$$Iflr3Of 3 2404 lalp24Қؚ֚ښܚ@B̤62`.fڼ~t@`$a$$`a$$a$n~@jDTXj*BDfZ``p( .    |JP4D~!!""**--JJ&xLxxx*yPyhbhb56CJ hb6CJhb5>*CJ hb5CJh$hb5CJO@jD.nDXf` $a$$`a$`   |64~!"**/085>6BF&JMSVb[z^``cef$`a$foZsDu$x&xJxLxx^y"zz{|X}~^4ҁ  $ & Fa$$`a$Py\yyyyyynzpzzzzzb{d{{{t|v|&}(}P~R~~~8:24   $&(:>FL`bflnɵh$5B* CJmH phpsH h$h$5B* CJphp'jh$5B* CJUmH phpsH hZ0jhZ0Uhbhhb5CJh$hb5CJ hb5CJhb5CJmH sH 9"$ȅʅ̅\tvxz|gdh]h&`#$gd$ $ E$a$gd$nln…ąƅȅ̅΅څ܅̽wl]h$h$5B* CJphph$0JmHnHuhb0JmHnHu hb0Jjhb0JUhbhjh$5B*CJUphh$5B*CJph h$5CJh$h$5B*CJph'jh$5B* CJUmH phpsH h$0J5B*CJph`"h$0J5B*CJmH ph`sH  $&*02FHLNPZԇև02prtvxz|ͻ͞{{{wplhlhZ0hb hhbh$jh$5B*CJUphh$5B*CJph h$5CJh$h$5B*CJphh$0J5B*CJph`"h$0J5B*CJmH ph`sH 'jh$5B* CJUmH phpsH h$h$5B* CJphph$5B* CJmH phpsH 21:p$. A!"S#n$n% $$If!vh#v`#v#v]:V l05`55]/ 4$$If!vh#v`#v#v]:V l 05`55]/ 4p$$If!vh#v`#v#v]:V l 05`55]/ 4p$$If!vh#vc%:V l  .05c%4p .$$Ifl!vh#v# #v#vv:V l405# 55v/ / / 4alf4 $$Ifl!vh#v#v#vG#vn#vv#vK:V l40555G5n5v5K/  / / / / 4alf4$$Ifl!vh#v :V l4C05 / 4alf4$$Ifl!vh#v :V l4B   05 / 4alf4p Dd @B  S A? 2g XOmN4XIc`!g XOmN4  x5O; P Vb%vZxUB `tXx#؋M|03;}M)uj(JdqYLoȜf :3nu1@"?dI5'j1fkAp%<`?#}h ?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmopqrstu~Root Entry Fz Data n WordDocument4ObjectPool pz_1056794329FOle CompObjfObjInfo  !"#$%&') FMicrosoft Equation 3.0 DS Equation Equation.39qFxmI|xI ! FMicrosoft Equation 3.0 DS Equation Equation.39qEquation Native ,_1056794400 F  Ole CompObj fObjInfo Equation Native  ,_1056798818F  Ole  FII ! FMicrosoft Equation 3.0 DS Equation Equation.39qFxmI|xI CompObj fObjInfo Equation Native $_1056462873F  Ole CompObjfObjInfoEquation Native , FMicrosoft Equation 3.0 DS Equation Equation.39qTxmI|xI Oh+'0\   $ 0<DLT a֞# - l F04 lalf4pFDd @B  S A? 2g XOmN4]Ic`!g XOmN4  x5O; P Vb%vZxUB `tXx#؋M|03;}M)uj(JdqYLoȜf :3nu1@"?dI5'j1fkAp%<`?#}h ɇK2sXBIc`!^>ɇK2sXB Rtxcdd``a!0 ĜL  312Ec21BUs30)070Qcgb VP)znĒʂT.(X'#=`SB$$Ifl!vh#v3#v#v#v#v:V l 240535555/ / 4alp24Dd ,TB  S A? 2mٿlˣIc`!mٿlˣ XJxcdd``````bbV dX@`FE%"LPL0};>2>: 1$$@&a$CJ(B@B  03>;>2>: 2$$@&a$CJJ@J  03>;>2>: 3$$@&^a$CJF@F  03>;>2>: 4$$@&a$5CJ BA`B A=>2=>9 H@8DB 0170F0\i@\ 1KG=0O B01;8F0 :V 44 la .k . 5B A?8A:0 6>@6 0720=85$a$CJ BB@B A=>2=>9 B5:AB$a$CJJ @J 86=89 :>;>=B8BC;  9r 4)@!4 ><5@ AB@0=8FKL@2L 05@E=89 :>;>=B8BC;  9r LP@BL A=>2=>9 B5:AB 2$a$ 5B*CJRoQR $05@E=89 :>;>=B8BC; =0: mHsHtHJ@bJ $ "5:AB 2K=>A:8CJOJQJ^JaJ\oq\ $"5:AB 2K=>A:8 =0: CJOJQJ^JaJmHsHtH8U`8 $0 8?5@AAK;:0 >*phPK![Content_Types].xmlN0EH-J@%ǎǢ|ș$زULTB l,3;rØJB+$G]7O٭VCWNIA!ޝ}7/݉%BR7Hw9!p<Ǥፉ.EB\ /T*Y>,cy'$gC."Vso+C1OǓt}8>V3mBb%DWs'O''Gw ~lh;UM!DzŬ;C K^ysJJ1KRμ)~.ک/ Y\n9?[]67)qnpJOF$ w;fCLL&׸m%]V%z-{ v8Ҩm-.xo(-ms~ۜ|s>Ͼ%O04h=یщ!eƌ\f :C*OiIA 64HpUa7 UO3 d:(fA@٣>N"Hhp&hA38 )SUUR'V5&HM.6xpyn,ބ!h^^Z4~0#w,,& g"Ic힍Q)˕C6%^+Hk!$A*#.D)irdq8Y^}q~C>Np%uJx?+al|zf[Ux5b>c!:M (MkIVEpYPҍN2$ÿ -.h۴"P6T{T 6]u̒VhVnR+n;)ȔbL X6Y`+qB]( 0H1$6_[s)k8Tm Aa?R d ڒɾ0{eRF& Ī't\{BHuM6`pGϽO+!XoN'^[crh2*tW<{1U+l_QSncX<)Q(wJH ٯ#zCm>nhf6t}M&ʺ6ײ'\gkNS:;\qN-S;kǺ"{DailL`̗/޿ ^o#I&%0]SPV!] PK! ѐ'theme/theme/_rels/themeManager.xml.relsM 0wooӺ&݈Э5 6?$Q ,.aic21h:qm@RN;d`o7gK(M&$R(.1r'JЊT8V"AȻHu}|$b{P8g/]QAsم(#L[PK-![Content_Types].xmlPK-!֧6 0_rels/.relsPK-!kytheme/theme/themeManager.xmlPK-!^}-theme/theme/theme1.xmlPK-! ѐ' theme/theme/_rels/themeManager.xml.relsPK] >1! S`n~DPyn|ISYaeiklh .(i&D^|2e>~jvtd;@NzUNsttu:}&ʕ.6Ȗ*ȚҚ@ f|EFGHJKLMNOPQRTUVWXZ[\]^_`bcdfghjp̸θ%'i}(<>>1::::::: 0>0PSZ\`gjndXX!!XX8E@\E(  bB 5 S D#" ?\B 6 C D#" ?bB 7 S D#" ?\B 8 C D#" ?bB 9 S D#" ?bB : S D#" ? bB ; S D#" ?bB < S D#" ?\B = C D#" ?\B > C D#" ?\B ? C D#" ?\B @ C D#" ? \B A C D#" ?\B B C D#" ?bB C S D#" ?bB D S D#" ?bB E S D#" ? bB F S D#" ? \B G C D#" ?bB H S D#" ?\B I C D#" ?bB J S D#" ?bB K S D#" ?bB L@ S D#" ?bB M@ S D#" ?bB N S D#" ? bB O@ S D#" ?Pb  # G#HF#" ?!Pb  # G#HF#" ? Pb  # G#HF#" ?Pb  # G#HF#" ?Pb  # G#HF#" ?'Pb  # G#HF#" ?&Pb  # G#HF#" ?%Pb  # G#HF#" ?$Pb  # G#HF#" ?#Pb  # G#HF#" ?"Pb  # G#HF#" ?+Pb  # G#HF#" ?*Pb  # G#HF#" ?)Pb  # G#HF#" ?4Pb  # G#HF#" ?3Pb  # G#HF#" ?2Pb  # G#HF#" ?1bB  S D#" ?6bB  S D#" ?8bB  S D#" ?0bB  S D#" ?,bB  S D#" ?<bB  S D#" ?9\B  C D#" ?7\B  C D#" ?/\B  C D#" ?5bB  S D#" ?.bB  S D#" ?-bB  S D#" ?;hB  c $BD#" ?=bB  S D#" ?AbB  S D#" ?@bB  S D#" ??bB  S D#" ?>bB  S D#" ?:<  #" ?C<  #" ?B<  #" ?(<B  #" ?<B  #" ?< @ #" ?B S  ?O   hijl۸ܸ?@ABCD#$%&'ef>1MF`v`tDvDvtCDtBDt7Ddt6Ddt5t8PtOF\v\tNF|v|tFv vt: t@ tE`t9`tGvlvtAltLFxxtKFtJv(vhtI(Ht?(t<(HtH ,t> ,t;|,t=t 0Vpt0fptF0pttttt6tt6t6 tt6tt M tFMtMtut676t66w tt7t t tsttt%t5tttv v ttMt& Ft  t  t t-t6 0Pt0 Pthv?1?1C*urn:schemas-microsoft-com:office:smarttagsmetricconverter 2001 3 ProductID(0bbS^>=?='Z(Z/Z0Z3Z4Z6Z8ZҖӖ./jk$%9:ѝӝRU}36'*fiALEH} %({|[^V)W)))))))X*^*g*m*--.............0#0$0&0<1?1\b7=C X |1;C#N#{((\*a* ++++55< <(G-GIILLNMWMxOO\ghgn(oyooppssuuwwz zx}};Diu $28Ē-/ijWin{ %%)N[pv@I ZM ""%%k&s&00I3R3> >??AADD"F+FTTUUBVKVPYUY:`D`tvuv3|8|xzDžυ  M[mvY^ɗΗٙV[xBq{zgz|$HNz1  !'  ?'@'G(T(i3r399BB T!TXXGYPYjbsbffiiLsVsttz{؄mu MS+ܰT\  fh ҹԹ޹߹пҿ'(35EH>@LMij  "#+/b{|$.DV!!!!Q)S)V)W)))9+<+++++',+,--Q.S..........<1?13llߙϷ\\Oz)i#Av)&)e)l))))*+++E,g--........./L///h00<1?1>=?='Z(Z/Z0Z3Z4Z6Z8ZҖӖ./jk$%9:ѝӝRU}36fi(?EH} %({|[^V)W)))))))*+E,H--......................../////0000000'0(0:1<1?1KZ& ,yi!(@hR) !t@+ t|[/z9u~=}J&JKtbQQ[Yt,E nEr}N#r'bx $fKL!|Я6sA}t--^-`o(.88^8`o(.88^8`o(.--^-`o()88^8`o(.88^8`o(.88^8`o(.88^8`o(-88^8`o(.88^8`o(.^`o(.88^8`o(.--^-`o(.hh^h`o(.--^-`o(.88^8`o(.88^8`>*o(.KL!|K9t|[/bQQ~=@hR),E n}J[Y@+KZ& 'bxErsA}yi!#r:}!I3zZ0$b..@(>1XUnknownG*Ax Times New Roman5Symbol3. *Cx Arial5. .[`)TahomaACambria Math"qh[Fq3 '?v'?v24,,2HX? 2!xx  0?04=K9 40>a025;P              F Microsoft Word 97-2003 MSWordDocWord.Document.89q