ࡱ> #`bjbjmm4(&tKKK8L,>L]wLNNNNNZxNNvvvvvvv$xh{zFv9NNNNNvNNwuuuN$NNvuNvuuuNL {Khsuv4-w0]wuz|uvzuu\zXv,NNuNNNNNvvu NNN]wNNNNDFKK .  %  "!+ +!" !           HYPERLINK "file:///C:\\WINDOWS\\ 01>G89%20AB>;\\!\\:=838%204;O%2048A:0\\181\\%0110@4%20.%20 >=%20A=>2K%20<KA;8\\bas1.html" 545=85  HYPERLINK "file:///C:\\WINDOWS\\ 01>G89%20AB>;\\!\\:=838%204;O%2048A:0\\181\\%0110@4%20.%20 >=%20A=>2K%20<KA;8\\bas2.html" ;020 ?5@20O "82K5 A2845B5;LAB20 > A05=B>;>388"  HYPERLINK "file:///C:\\WINDOWS\\ 01>G89%20AB>;\\!\\:=838%204;O%2048A:0\\181\\%0110@4%20.%20 >=%20A=>2K%20<KA;8\\bas3.html" ;020 2B>@0O "A=>2=K5 ?@8=F8?K"  HYPERLINK "file:///C:\\WINDOWS\\ 01>G89%20AB>;\\!\\:=838%204;O%2048A:0\\181\\%0110@4%20.%20 >=%20A=>2K%20<KA;8\\bas4.html" ;020 B@5BLO "!>AB>O=8O ACI5AB2>20=8O"  HYPERLINK "file:///C:\\WINDOWS\\ 01>G89%20AB>;\\!\\:=838%204;O%2048A:0\\181\\%0110@4%20.%20 >=%20A=>2K%20<KA;8\\bas5.html" ;020 G5B25@B0O ">A5<L 48=0<8:"  HYPERLINK "file:///C:\\WINDOWS\\ 01>G89%20AB>;\\!\\:=838%204;O%2048A:0\\181\\%0110@4%20.%20 >=%20A=>2K%20<KA;8\\bas6.html" ;020 ?OB0O ""@5C3>;L=8:  "  HYPERLINK "file:///C:\\WINDOWS\\ 01>G89%20AB>;\\!\\:=838%204;O%2048A:0\\181\\%0110@4%20.%20 >=%20A=>2K%20<KA;8\\bas7.html" ;020 H5AB0O "@8G8=0"  HYPERLINK "file:///C:\\WINDOWS\\ 01>G89%20AB>;\\!\\:=838%204;O%2048A:0\\181\\%0110@4%20.%20 >=%20A=>2K%20<KA;8\\bas8.html" ;020 A54L<0O "'0AB8 G5;>25:0"  HYPERLINK "file:///C:\\WINDOWS\\ 01>G89%20AB>;\\!\\:=838%204;O%2048A:0\\181\\%0110@4%20.%20 >=%20A=>2K%20<KA;8\\bas9.html" ;020 2>AL<0O "@8G8==>ABL 8 7=0=85"  HYPERLINK "file:///C:\\WINDOWS\\ 01>G89%20AB>;\\!\\:=838%204;O%2048A:0\\181\\%0110@4%20.%20 >=%20A=>2K%20<KA;8\\bas10.html" ;020 452OB0O "=0BL 8 =5 7=0BL"  HYPERLINK "file:///C:\\WINDOWS\\ 01>G89%20AB>;\\!\\:=838%204;O%2048A:0\\181\\%0110@4%20.%20 >=%20A=>2K%20<KA;8\\bas11.html" ;020 45AOB0O"&5;L A05=B>;>388"  HYPERLINK "file:///C:\\WINDOWS\\ 01>G89%20AB>;\\!\\:=838%204;O%2048A:0\\181\\%0110@4%20.%20 >=%20A=>2K%20<KA;8\\bas12.html" ;020 >48=04F0B0O "!05=B>;>38G5A:89 >48B8=3"  HYPERLINK "file:///C:\\WINDOWS\\ 01>G89%20AB>;\\!\\:=838%204;O%2048A:0\\181\\%0110@4%20.%20 >=%20A=>2K%20<KA;8\\bas13.html" ;020 425=04F0B0O "">G=K5 ?@>F5AAK"  HYPERLINK "file:///C:\\WINDOWS\\ 01>G89%20AB>;\\!\\:=838%204;O%2048A:0\\181\\%0110@4%20.%20 >=%20A=>2K%20<KA;8\\bas14.html" @8;>65=8O  HYPERLINK "file:///C:\\WINDOWS\\ 01>G89%20AB>;\\!\\:=838%204;O%2048A:0\\181\\%0110@4%20.%20 >=%20A=>2K%20<KA;8\\bas15.html"    ! !      5A<>B@O =0 B>, GB> :=830 "!05=B>;>38O: A=>2K <KA;8" 1K;0 ?5@2>=0G0;L=> 8740=0 2 2845 >17>@0 !05=B>;>388, ?@54=07=0G5==>3> 4;O ?5@52>40 =0 =50=3;89A:85 O7K:8, >=0 8<55B =5>F5=8<>5 7=0G5=85 :0: 4;O B5E, :B> =0G8=05B 87CG5=85 @07C<0 8 687=8, B0: 8 4;O B5E, :B> 40;5:> ?@>428=C;AO 2 MB><. -B0 :=830, A>45@60I0O <=>3> <0B5@80;>2, =>2KE 4;O !05=B>;>3>2, ?@54AB02;O5B A>1>9 A60BK9, => H8@>:89 >17>@ MB>3> ?@54<5B0. >>@C682H8AL B>;L:> MB>9 :=83>9, G5;>25:, 87CG0NI89 @07C<, <>65B =0G0BL ?@8<5=OBL 55 8 87<5=OBL A>AB>O=8O 74>@>2LO, A?>A>1=>AB59 8 8=B5;;5:B0 ;N459, - MB> 1C45B ?>E>65 =0 GC4>. "0:>3> 7=0=8O =8:>340 @0=LH5 =5 ACI5AB2>20;>, 8 G5;>25: =8:>340 ?@5645 =5 4>1820;AO @57C;LB0B>2, ?>4>1=KE B5<, :>B>@KE >= <>65B 4>AB8GL ?@8 87CG5=88 MB>9 =51>;LH>9 :=838. 09B5 55 <C6G8=5 8;8 65=I8=5, ?>?02H8< 2 154C, <C6G8=5 8;8 65=I8=5 A ;N1>7=0B5;L=>9 =0BC@>9, <C6G8=5 8;8 65=I8=5, GL8< 4@C7LO< =C6=> C;CGH8BL 687=L, - ?CABL >=8 BI0B5;L=> 87CG0B MBC :=83C 8 ?@8<5=OB 55. 7<5=5=8O ?@>87>94CB - 8 687=L C;CGH8BAO. >@>G5 3>2>@O, MB0 :=830 ?@54AB02;O5B A>1>9 :@0B:89 8B>3 G5;>25G5A:>9 <KA;8 70 ?>A;54=85 ?OBL45AOB BKAOG ;5B. -B8 <0B5@80;K, 87CG5==K5 8 ?@527>945==K5 70 G5B25@BL 25:0 1;03>40@O C=8:0;L=K< 8AA;54>20=8O< . >=0 %0110@40, ?@825;8 3C<0=8B0@=K5 =0C:8, :>B>@K5 B0: A8;L=> >BAB020;8 >B "B>G=KE =0C:", 2 A>AB>O=85 @025=AB20 - 5A;8 =5 ?@52>AE>4AB20 - =04 D878:>9, E8<859 8 <0B5<0B8:>9. ">, GB> BKAOG0 C=825@A8B5B>2 8 D>=4>2 ?@54?@8=8<0NB F5=>9 <8;;80@4>2, : MB><C <><5=BC C65 A?>:>9=> >ACI5AB2;5=>. -B> ?@8=F8? 459AB28O 687=8. -B> A?>A>1 87<5=5=8O <C6G8=, 65=I8= 8 45B59 : ;CGH5<C. B B>3>, 1C45B ;8 ?@8<5=5= 8;8 701KB MB>B <0B5@80;, <>65B 7=0G8B5;L=> 7028A5BL, 1C45B ;8 ?@8<5=5=0 8;8 701KB0 G5;>25:>< 0B><=0O 1><10. !05=B>;>38O C65 2K83@K205B 2 MB>< 2>?@>A5.  >48= 8 B>B 65 8AB>@8G5A:89 ?5@8>4 ?>O28;8AL 425 =081>;55 2;8OB5;L=K5 A8;K, :>B>@K5 B>;L:> 7=0; G5;>25:: 7=0=85 > A0<>< A515 8 > 4@C38E 87 !05=B>;>388, 8 A@54AB2> C=8GB>65=8O A51O 8 2A5E >AB0;L=KE ?@8 ?><>I8 @0AI5?;5=8O 0B><0. B ?@8<5=5=8O 20<8 !05=B>;>388 2 1>;LH>9 AB5?5=8 7028A8B, :0:0O 87 MB8E A8; >45@68B ?>154C. !53>4=O !05=B>;>38O ?@54AB02;5=0 2> 2A5< <8@5 - =0 :064>< :>=B8=5=B5 5<;8. >340 2K G8B05B5 MB8 AB@>:8, 8<5==> MB0 :=830 ?5@52>48BAO =0 <=>385 =50=3;89A:85 O7K:8 8 @0A?@>AB@0=O5BAO 2 =0F88, <=>3><8;;8>==K5 =0@>4K :>B>@KE =8:>340 ?@5645 =5 A>?@8:0A0;8AL A 0=3;>-0<5@8:0=A:>9 <KA;LN. 0: ?8A0; 2 >4=>< 87 A2>8E >G5@:>2 . >= %0110@4: "!05=B>;>38O 8 !05=B>;>38 - =5 @52>;NF8>=5@K. =8 M2>;NF8>=5@K. =8 =5 AB>@>==8:8 ?5@52>@>B0. =8 AB>@>==8:8 C;CGH5=8O B>3>, GB> <K 8<55<. !05=B>;>38O =5 70=8<05BAO ?>;8B8:>9. >340 >3=8 845>;>388 C3@>60NB 8AB@518BL =0A 2A5E, =0AB05B 2@5<O 701KBL > ?>;8B8:5 8 ?>8A:0BL 74@02><KA;8O. @54=07=0G5=85 !05=B>;>388 - =5 702>520=85, 0 A>740=85 F828;87>20==>AB8. -B> 2>9=0 A 3;C?>ABLN - 3;C?>ABLN, :>B>@0O 2545B =0A :> A5>1I59 >A;54=59 >9=5. ;O !05=B>;>30 =0AB>OI55 20@20@AB2> 5<;8 - 3;C?>ABL. ">;L:> G5@=0O 3@O7L =52565AB20 <>65B 27@0AB8BL ?@>B82>@5G0I85 74@02><C A<KA;C :>=D;8:BK 845>;>389. @028B5;LAB2> 4;O !05=B>;>30 - MB> 45;> @07C<0, 8 2A5 ?@>1;5<K ?@028B5;LAB20 <>3CB 1KBL @07@5H5=K @07C<><. >7<>6=>, 5I5 2G5@0 :B>-B> <>3 1K ?>72>;8BL A515 M:A?;C0B8@>20BL =52565AB2> @048 A>1AB25==>9 ?@8E>B8. >7<>6=>, 5I5 2G5@0 87CG5=85 @07C<0 8 74@02><KA;8O 1K;> G5<-B> 4;O ;5B=53> ?>;C4=O. >7<>6=>, B>340 65 :B>-B> 87 =0A <>3 1K ?>72>;8BL A515 157>B25BAB25==>ABL 8 =5=028ABL. > B> 1K;> 2G5@0. !53>4=O 65 M:A?;C0B8@C5<>5 =52565AB2>, 48;5B0=BA:>5 >B=>H5=85 : ACI5AB2CNI5<C 7=0=8N 8 >B:07 27OBL =0 A51O @>;L >B25BAB25==>3> ?@54AB028B5;O G5;>25G5A:>9 @0AK <>3CB 1KBL =0:070=K 2>7=8:H8< :0: 3@>< OA=>3> =510 >3=5< 2>4>@>4=KE 1><1, A>740==KE ;N4L<8, 8=B5;;5:B 8 C<5=85 :>B>@KE C?@02;OBL 3>AC40@AB2>< >:070;8AL =5A?>A>1=K<8 : ;CGH5<C @5H5=8N. 52565AB25==K5 ;N48 2K18@0NB =52565AB25==KE ?@028B5;59.  B>;L:> =52565AB25==K5 ?@028B5;8 254CB : 2>9=5, - 8 2 MB>B @07 >=8 ?@8254CB : 2>9=5, 2 @57C;LB0B5 :>B>@>9 1C45B 25G=>5 <>;G0=85 =0 5<;5. >340 20H8 4@C7LO, 8E 4><0, 8E 45B8, 8E 8<CI5AB2> 8 2A5 8E 1C4CI55 1C4CB ;560BL C<8@0O =0 @048>0:B82=>9 C;8F5, C =0A =5 1C45B 2@5<5=8 A>60;5BL > B><, GB> =04> 1K;> @01>B0BL =0?@O65==55, - 8;8 > B><, GB> =5 =04> 1K;> B0: ;53:> ?>72>;OBL >B3>20@820BL A51O >B B>3>, GB>1K =0AB0820BL =0 A2>8E 4>2>40E 5@0A?@>AB@0=5==K5 20<8 M:75<?;O@K MB>9 :=838 B>65 1C4CB ;560BL B0<. 5:>B>@K5 3>2>@OB, GB> >=8 =5 1>OBAO A<5@B8, ?>:0 ?>;=>GL A<5@B8 =5 ?@81;878BAO : =8<. >340 MB> A;CG05BAO, >=8 3>2>@OB 8=0G5. ">B, :B> =0?0405B =0 40==CN @01>BC 87 B5<=>3> 8AB>G=8:0 845>;>38G5A:>9 457>@85=B0F88, 87-70 >?@545;5==>9 0=B8>1I5AB25==>9 B@CA>AB8, C40@O5B 2 A5@4F5 G5;>25:0, - B0: :0: G5;>25: 4>;3>5 2@5<O 25; @07C<=K9 >1@07 687=8, 8 !05=B>;>38O <>65B 25@=CBL : =5<C G5;>25:0. 5<=>3> 2@5<5=8 =5 B0: <=>3>. K 4>;6=K @01>B0BL. @5ABC?=8: =52565AB25=5= 8 3;C?. !;54>20B5;L=>, =52565AB2> 8 3;C?>ABL <>6=> =0720BL ?@5ABC?=K<8. 0AB02LB5 G5;>25:0 >B1@>A8BL A2>N =5=028ABL 8 ?@8A;CH0BLAO. !2>1>40 >B =52565AB20 - @O4><. >7<>6=>, MB> 8 1K;> &0@AB2>< 515A=K<. ;O @0A?@>AB@0=5=8O MB>3> 7=0=8O >AB0;>AL =5 B0: <=>3> 75<=>3> 2@5<5=8. > MB> 8<5==> B>, GB> ?>72>;8B A?@028BLAO A =0H8< 20@20@AB2><, 87-70 :>B>@>3> <K <>65< ?>B5@OBL 2A5. !05=B>;>38O @01>B05B. K 4>;6=K @01>B0BL, - <K 2A5, - 8 =5 A:;>=OBL G5;>25:0 @073;03>;LAB2>20=8O<8 : =52>7<>6=K< A2>1>40<, 0 45;0BL G5;>25:0 =0AB>;L:> F828;87>20==K<, GB>1K >= 1K; 4>AB>8= A2>59 A2>1>4K. -B> 2@5<O 27@>A;5=8O G5;>25:0. -B> B>, : G5<C <K AB@5<8<AO. 1> B>;L:> A;57K 1C4CB 2 MB>9 BL<5 - B0<, 345 =0 A;C615 =52565AB20, @0A?@59, =5=028AB8 8 M:A?;C0B0F88 =0E>48BAO A0<>5 65AB>:>5 >@C685, :>B>@>5 <>65B AB0BL :>=F>< 2A5<C, - 2>4>@>4=0O 1><10. 5 <5=O9B5 @5;838N G5;>25:0, =5 <5=O9B5 53> ?>;8B8:8 8 =5 =0@CH09B5 AC25@5=8B5B>2 =0F89. <5AB> MB>3> =0CG8B5 G5;>25:0 8A?>;L7>20BL B>, GB> >= 8<55B 8 7=05B, GB>1K 2?5@2K5 (2 @0<:0E ;N1>9 ?>;8B8G5A:>9 2;0AB8) @50;L=> A>740BL F828;870F8N =0 5<;5. >MB><C <K 8 @01>B05<. K C25@5=K, GB> 2K C2848B5 ?>;L7C >B MB>9 :=838 2 20H59 G0AB=>9 687=8 8 2 20H8E 45;0E. K =0455<AO, GB> 2@CG5=85 20< MB>9 :=838 ?@82545B 20A 8 <=>38E 4@C38E : ;CGH59 687=8. 540:B>@K. /@8<5G0=85:/ MB>B B5:AB >@30=87>20= B0:8< >1@07><, GB> 53> ?>;=K9 ?5@52>4, 157 ?@>?CA:>2 8 ?@8=>AOI8E 2@54 87<5=5=89, 4>=5A5B >A=>2K !05=B>;>388 =0 =50=3;89A:85 O7K:8. + !",!"  !" 'B> B0:>5 !05=B>;>38O? !05=B>;>38O - MB> ?@8:;04=0O @5;838>7=0O D8;>A>D8O. "5@<8= "!05=B>;>38O" >1@07>20= >B ;0B8=A:>3> A;>20 "scio" (7=0=85 2 A0<>< ?>;=>< A<KA;5 MB>3> A;>20) 8 3@5G5A:>3> A;>20 ";>3>A" (CG5=85 > G5<-;81>). C:20;L=> A0<> MB> A;>2> >7=0G05B "7=0=85 > B><, :0: 7=0BL". !05=B>;>38O, :@><5 B>3>, >?@545;O5BAO :0: "CG5=85 > 4CE5 8 C?@02;5=85 8< ?@8 53> 2708<>459AB288 A A0<8< A>1>9, 2A5;5==K<8 8 4@C3>9 687=LN". N1>5 A@02=5=85 <564C !05=B>;>3859 8 ?@54<5B><, 8725AB=K< :0: ?A8E>;>38O, ;8H5=> 74@02>3> A<KA;0. 0728B85 @0==59 ?A8E>;>388, ?>4>1=>9 B>9, :>B>@0O =0G0;0AL A> A2. $><K :28=A:>3> 8 @072820;0AL <=>38<8 1>;55 ?>74=8<8 02B>@0<8, 1K;> A5@L57=> ?>4>@20=> 2 1879 3>4C =5:8< ?@>D5AA>@>< C=4B><, <0@:A8AB>< 87 59?F83A:>3> C=825@A8B5B0 2 5@<0=88. = AG8B0;, GB> G5;>25: - MB> 682>B=>5, =5 8<5NI55 4CH8, 8 >A=>2K20; 2AN A2>N @01>BC =0 ?@8=F8?5, GB> psyche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cB5?5=L @0A?>;>65==>AB8". >4 "0DD8=8B8" <K 8<55< 2 284C @07;8G=K5 M<>F8>=0;L=K5 B>=0 - >B A0<>3> 2KA>:>3> 4> A0<>3> =87:>3>. >B =5:>B>@K5 87 =8E: 157<OB56=>ABL (A0<K9 2KA>:89 C@>25=L), M=BC7807< (?> <5@5 =0H53> 42865=8O 2=87, : 1>;55 =87:8< C@>2=O< 0DD8=8B8), :>=A5@20B87<, A:C:0, 0=B03>=87<, 7;>ABL, A:@KB0O 2@06451=>ABL, AB@0E, 3>@5, 0?0B8O.  !05=B>;>388 MB> =07K205BAO (:0;>9 ">=>2. 0 C@>2=5 =865 0?0B88 0DD8=8B8 ?@52@0I05BAO 2 B25@4CN <0AAC - B0:CN :0: <0B5@8O. @54?>;0305BAO, GB> 0DD8=8B8 2 ?5@2CN >G5@54L A>AB>8B 87 <KA;8, 70B5< - 87 M<>F88, :>B>@0O A>45@68B G0AB8FK M=5@388, 0 70B5< - 87 B25@4>3> 25I5AB20. B>@>9 C3>; B@5C3>;L=8:0 - MB> @50;L=>ABL. 50;L=>ABL <>6=> >?@545;8BL :0: "2848<>ABL ACI5AB2>20=8O G53>-;81>". 50;L=>ABL 2 A2>59 >A=>25 O2;O5BAO A>3;0H5=85<. 50;L=> B>, > G5< <K A>3;0A8;8AL 2 B><, GB> >=> @50;L=>. "@5B89 C3>; B@5C3>;L=8:0 - MB> :><<C=8:0F8O (>1I5=85).  G5;>25G5A:8E >B=>H5=8OE >= 1>;55 2065=, G5< 420 4@C38E C3;0 MB>3> B@5C3>;L=8:0, - 5A;8 <K ?KB05<AO ?>=OBL AB@C:BC@C G5;>25G5A:8E >B=>H5=89 2 MB>9 2A5;5==>9. 1I5=85 A<O3G05B ;N1K5 >1AB>OB5;LAB20. => @07@5H05B 2A5. 708<>A2O7L C3;>2 B@5C3>;L=8:0 A@07C 65 AB0=>28BAO >G5284=>9, :>340 70405BAO 2>?@>A: "K :>340-=81C4L ?KB0;8AL ?>3>2>@8BL A @07>7;82H8<AO G5;>25:><?". 57 2KA>:>9 AB5?5=8 @0A?>;>65==>AB8 8 157 :0:>9-;81> >A=>2K 4;O A>3;0A8O =5 ACI5AB2C5B >1I5=8O. 57 >1I5=8O 8 157 =5:>B>@>3> M<>F8>=0;L=>3> >B:;8:0, ;560I53> 2 >A=>25, @50;L=>ABL =5 <>65B ACI5AB2>20BL. 57 =5:>B>@>9 >A=>2K 4;O A>3;0A8O 8 >1I5=8O =5 <>65B ACI5AB2>20BL 0DD8=8B8. >MB><C <K =07K205< MB8 B@8 :><?>=5=B0 B@5C3>;L=8:><. A;8 =5B 42CE C3;>2 B@5C3>;L=8:0 - =5 <>65B 1KBL 8 B@5BL53>. 5;0O A>740BL ;N1>9 87 C3;>2 B@5C3>;L=8:0, =5>1E>48<> 2:;NG8BL 8 420 >AB02H8EAO. !G8B05BAO, GB> B@5C3>;L=8: O2;O5BAO 2A5>1J5<;NI8< =0 C@>2=5 157<OB56=>AB8 8 01A>;NB=> A60BK< =0 C@>2=5 <0B5@88. "0:8< >1@07><, GB>1K ?@54AB028BL H:0;C B0:, GB>1K >B =55 <>6=> 1K;> 1K ?>;CG8BL B>;:, A;54C5B =0@8A>20BL 1>;LH>9 B@5C3>;L=8: 2 25@E=59 G0AB8 H:0;K 8 ?>AB5?5==> C<5=LH0NI85AO :=87C B@5C3>;L=8:8, AE>4OI85AO 2 B>G:C 2=87C H:0;K. DD8=8B8, @50;L=>ABL 8 >1I5=85 A>AB02;ONB >A=>2C !05=B>;>38G5A:>9 (:0;K ">=>2, :>B>@0O ?>72>;O5B ?@54A:07K20BL G5;>25G5A:>5 ?>2545=85, :0: >?8A0=> 2 :=835 "0C:0 2K6820=8O". 0: C65 >B<5G0;>AL, MB>B B@5C3>;L=8: =5 O2;O5BAO @02=>AB>@>==8<. DD8=8B8 8 @50;L=>ABL 8<5NB 3>@074> <5=LH55 7=0G5=85, G5< >1I5=85. >6=> A:070BL, GB> B@5C3>;L=8: =0G8=05BAO A >1I5=8O, :>B>@>5 A>7405B 0DD8=8B8 8 @50;L=>ABL. !0<>5 ?@8<8B82=>5 !05=B>;>38G5A:>5 >?@545;5=85 >1I5=8O - MB> "?@8G8=0 - @0AAB>O=85 - A;54AB285". $C=40<5=B0;L=K< @C:>2>4AB2>< ?> >1I5=8N O2;O5BAO :=830 "80=5B8:0 55!".   O2;O5BAO ?>=8<0=85<. A;8 K ?@>4>;605B5 M=5@38G=>5 8 C<5;>5 >1I5=85 A G5;>25:><, B> 4>;6=0 1KBL =5:>B>@0O >A=>20 4;O A>3;0A8O. >;6=0 1KBL =5:>B>@0O @0A?>;>65==>ABL : G5;>25:C - 8 B>340 <>65B 2>7=8:=CBL >1I5=85. "0:8< >1@07><, <K 2848<, GB> 5A;8 2K =5 >1;0405B5 MB8< 7=0=85<, B> ?@>AB>9 @073>2>@ 8;8 A;CG09=>5 ?8AL<5==>5 ?>A;0=85 =5 >1O70B5;L=> 1C4CB >1I5=85<. 1I5=85, ?> ACI5AB2C, - MB> =5GB> >B?@02;O5<>5 8 2>A?@8=8<05<>5. > B>3> :0: ?>O28BAO 2>7<>6=>ABL 459AB28B5;L=>3> >1I5=8O, 4>;6=> ?@8ACBAB2>20BL :0: =0<5@5=85 ?>A;0BL, B0: 8 =0<5@5=85 2>A?@8=OBL. >MB><C 2>7<>6=K CA;>28O, :>B>@K5 ?@>872>4OB 2?5G0B;5=85 >1I5=8O, 2 B> 2@5<O :0: MB> =5 B0:. >A:>;L:C 2A5 MB8 ?>=OB8O 15@CB =0G0;> 2 !05=B>;>388, B> ?>=8<0=85 B@5C3>;L=8:0   O2;O5BAO G@572KG09=> ?>;57=K< >@C485< 8;8 >@C685< 2 G5;>25G5A:8E >B=>H5=8OE. >B, =0?@8<5@, >48= 87 70:>=>2 B@5C3>;L=8:0  : 4;O B>3> GB>1K A>>1I5=85 1K;> 2>A?@8=OB>, =5>1E>48<> =0E>48BLAO ?@8<5@=> =0 B>< 65 C@>2=5 0DD8=8B8, GB> 8 G5;>25:, :>B>@><C 04@5A>20=> A>>1I5=85. > <5@5 B>3> :0: ;N48 >?CA:0NBAO ?> H:0;5 B>=>2, A =8<8 AB0=>28BAO 2A5 B@C4=55 8 B@C4=55 >1I0BLAO, 8 B>, A G5< >=8 A>3;0H0NBAO, AB0=>28BAO 2A5 B25@65 8 B25@65. >MB><C <K 8<55< 4@C65A:CN 15A54C =0 25@EC H:0;K 8 2>9=C 2=87C. "0<, 345 C@>25=L 0DD8=8B8 - MB> =5=028ABL, A>3;0A85< O2;O5BAO B25@40O <0B5@8O, 0 A>>1I5=8O<8... - ?C;8.  ' 87=L ;CGH5 2A53> <>6=> ?>=OBL, A@02=820O 55 A 83@>9. >A:>;L:C <K O2;O5<AO AB>@>==8<8 =01;N40B5;O<8 >3@><=>3> G8A;0 83@, <K <>65< 273;O=CBL =0 =8E 15A?@8AB@0AB=>. A;8 1K <K =0E>48;8AL 2 AB>@>=5 >B 687=8, 2<5AB> B>3>, GB>1K 1KBL 2>2;5G5==K<8 8;8 ?>3@C65==K<8 2 =55, B> >=0 2K3;O45;0 1K 4;O =0A A:>@55 B0:, :0: 83@K 284OBAO =0< A =0H59 =K=5H=59 B>G:8 7@5=8O. 5A<>B@O =0 1>;LH>5 G8A;> AB@040=89, 1>;8, =8I5BK, A:>@18 8 BO65;KE <CG5=89, :>B>@K5 <>3CB 1KBL 2 687=8, ?@8G8=0 ACI5AB2>20=8O B0 65, GB> 8 >A=>20=85 4;O CG0AB8O 2 83@5 - 8=B5@5A, A>?5@=8G5AB2>, 45OB5;L=>ABL 8 >1;040=85. AB8==>ABL MB>3> CB25@645=8O CAB0=>2;5=0 ?CB5< =01;N45=8O M;5<5=B>2 83@ 8 ?>A;54CNI53> ?@8<5=5=8O MB8E M;5<5=B>2 : A0<>9 687=8. >340 <K 45;05< MB>, B> >1=0@C68205<, GB> 2> 2A59 ?0=>@0<5 687=8 =5 >AB05BAO =8G53> ?@>?CI5==>3>. >4 83@>9 <K ?>=8<05< A>@52=>20=85 G5;>25:0 A G5;>25:>< 8;8 :><0=4K A :><0=4>9. >340 <K 3>2>@8< "83@K", <K ?>4@07C<5205< B0:85 83@K, :0: 159A1>;, ?>;>, H0E<0BK 8;8 ;N1>5 4@C3>5 ?>4>1=>5 2@5<O?@5?@>2>645=85. 0A >4=064K <>65B ?>@078BL AB@0==0O <KA;L > B><, GB> G5;>25: <>65B @8A:>20BL ?>;CG8BL B5;5A=CN B@02<C =0 83@>2>< ?>;5 ?@>AB> @048 "@072;5G5=8O". 0A >4=064K <>65B ?>@078BL AB@0==0O <KA;L > B><, GB> ;N48 ?@>4>;60NB 68BL 8;8 2ABC?0NB 2 "83@C 687=8", ?>425@30O A51O @8A:C ;N1KE =5AG0AB89, <C: 8 1>;8, B>;L:> @048 B>3>, GB>1K 8<5BL :0:>5-B> 70=OB85. /2=> =5 ACI5AB2C5B 1>;LH53> ?@>:;OB8O, G5< ?>;=>5 157459AB285. 07C<55BAO, ACI5AB2CNB B0:85 >1AB>OB5;LAB20, :>340 G5;>25: ?@>4>;605B CG0AB2>20BL 2 83@5, :>B>@0O 5<C 1>;LH5 =5 8=B5@5A=0. A53> ;8HL >A<>B@52 A2>N :><=0BC 8 ?>?KB02H8AL =09B8 :0:85-=81C4L ?@54<5BK, :>B>@K5 20A =5 8=B5@5ACNB, 2K >1=0@C68B5 =5GB> 70<5G0B5;L=>5. 0 :>@>B:>5 2@5<O 2K ?>9<5B5, GB> 2 :><=0B5 =5B =8G53>, GB> 1K 20A =5 8=B5@5A>20;>. 0< 8=B5@5A=> 2A5. 4=0:>, =5 708=B5@5A>20==>ABL A0<0 ?> A515 O2;O5BAO >4=8< 87 <5E0=87<>2 83@K. 'B>1K A?@OB0BL GB>-;81>, =C6=> ;8HL A45;0BL B0:, GB>1K =8:B> =5 8=B5@5A>20;AO B5< <5AB><, 345 A?@OB0= ?@54<5B. 5 708=B5@5A>20==>ABL =5 O2;O5BAO =5?>A@54AB25==K< @57C;LB0B>< 8AB>I5=8O 8=B5@5A0. 5 708=B5@5A>20==>ABL - MB> A0<>AB>OB5;L=K9 B>20@. =0 >ICB8<0, 7=0G8B >=0 ACI5AB2C5B. 7CG0O M;5<5=BK 83@K, <K >1=0@C68205<, GB> >2;045205< M;5<5=B0<8 687=8. 87=L 5ABL 83@0. 3@0 A>AB>8B 87 A2>1>4K, 10@L5@>2 8 F5;59. -B> =0CG=K9 D0:B, 0 =5 ?@>AB> =01;N45=85. !2>1>40 ACI5AB2C5B ?>A@548 10@L5@>2. ">B0;L=K5 10@L5@K, @02=> :0: 8 B>B0;L=0O A2>1>40 O2;ONBAO =583@>2K<8 CA;>28O<8. 10 >48=0:>2> <CG8B5;L=K. 10 >48=0:>2> 15AF5;L=K. @C?=K5 @52>;NF8>==K5 42865=8O B5@?OB ?>@065=85. =8 >15I0NB =5>3@0=8G5==CN A2>1>4C. -B> 4>@>30 : ?>@065=8N. ">;L:> 3;C?K5 <5GB0B5;8 2>A?520NB 15A:>=5G=CN A2>1>4C. ">;L:> =0?C30==K5 8 =52565AB25==K5 3>2>@OB > =5>3@0=8G5==KE 10@L5@0E 8 =0AB0820NB =0 =8E. >340 A>>B=>H5=85 <564C A2>1>4>9 8 10@L5@0<8 AB0=>28BAO A;8H:>< @0710;0=A8@>20==K<, MB> ?@82>48B : =5AG0ABLN. !2>1>40 >B E>@>H0 ;8HL 4> B5E ?>@, ?>:0 >AB05BAO <5AB> A2>1>45 4;O. 5A:>=5G=>5 65;0=85 A2>1>4K >B - MB> ?@5:@0A=0O ;>2CH:0, AB@0E ?5@54 2A5<. 0@L5@K A>AB>OB 87 A45@6820NI8E 8459, ?@>AB@0=AB20, M=5@388, <0AA 8 2@5<5=8. !2>1>40 2> 2A59 A2>59 ?>;=>B5 4>;6=0 1K;0 1K 1KBL ?>;=K< >BACBAB285< 2A5E MB8E 25I59 - => MB> B0:65 1K;0 1K A2>1>40 157 <KA;8 8 459AB28O, =5AG0AB;82>5 A>AB>O=85 01A>;NB=>3> =8GB>. 0D8:A8@>20==K9 =0 A;8H:>< <=>3>G8A;5==KE 10@L5@0E, G5;>25: 60645B 1KBL A2>1>4=K<. > 1@>H5==K9 2 01A>;NB=CN A2>1>4C, >= AB0=>28BAO 15AF5;L=K< 8 =5AG0AB=K<. !CI5AB2C5B A2>1>40 ?>A@548 10@L5@>2. A;8 10@L5@K 8725AB=K 8 8725AB=0 A2>1>40, B> <>65B ACI5AB2>20BL 687=L, AG0ABL5, 83@0. 3@0=8G5=8O ?@028B5;LAB20 8;8 <5AB0 @01>BK CAB0=02;820NB 4;O G5;>25:0 53> A2>1>4C. 57 7=0=8O MB8E >3@0=8G5=89 G5;>25: - @01, >1@5G5==K9 =0 AB@0E 8 =5C25@5==>ABL 2> 2A5E A2>8E 459AB28OE. C:>2>48B5;8 2 187=5A5 8 ?@028B5;LAB25 <>3CB ?>B5@?5BL =5C40GC 2 B@5E A;CG0OE, 2=>AO E0>A 2 A2>8 ?>4@0745;5=8O. =8 <>3CB: 1. :070BLAO 40NI8<8 15A:>=5G=CN A2>1>4C; 2. :070BLAO CAB0=02;820NI8<8 15A:>=5G=K5 10@L5@K; 3. =5 A>74020BL >?@545;5==> =8 A2>1>4K, =8 10@L5@>2. 0AB5@AB2> @C:>2>48B5;O, B0:8< >1@07><, A>AB>8B 2 CAB0=>2;5=88 8 >15A?5G5=88 045:20B=>3> 10;0=A0 <564C A2>1>4>9 ?>4G8=5==KE 8 10@L5@0<8 4;O :>=:@5B=KE ?>4@0745;5=89, 1C4CG8 ?@8 MB>< B>G=K< 8 ?>A;54>20B5;L=K< 2 >B=>H5=88 MB8E A2>1>4 8 10@L5@>2. ">;L:> B>B @C:>2>48B5;L, :>B>@K9 CG8BK205B 8 F5;8 8 8=8F80B82C, <>65B A45;0BL A2>9 >B45; 8=8F80B82=K< 8 F5;5CAB@5<;5==K<. !;C60I89, :>B>@><C =C6=0 >4=0 ;8HL A2>1>40 8/8;8 :>B>@K9 B@51C5B >4=>9 ;8HL A2>1>4K, AB0=5B @01><. =0O ?@82545==K5 2KH5 D0:BK, >= 4>;65= =0AB0820BL =0 @01>B>A?>A>1=>< A>>B=>H5=88 <564C A2>1>4>9 8 10@L5@0<8. AA;54>20=85 >?8A0==KE 2KH5 48=0<8: ?@>45<>=AB@8@C5B 2>7<>6=>ABL @07;8G=KE A>G5B0=89-:><0=4. 25 3@C??>2K5 48=0<8:8 <>3CB 2708<>459AB2>20BL 4@C3 A 4@C3>< :0: :><0=4K. !0<>48=0<8:0 <>65B >1J548=OBLAO A 682>B=>9 48=0<8:>9 ?@>B82, A:065<, 48=0<8:8 2A5;5==>9 8 B0:8< >1@07>< ?>;CG8BL 83@C. @C38<8 A;>20<8, 48=0<8:8 >1@07CNB :>=BC@ 2A52>7<>6=KE :><0=4 8 2708<>459AB289. >A:>;L:C :064K9 70459AB2>20= 2 =5:>B>@KE 83@0E, 8AA;54>20=85 48=0<8: >1@8AC5B 8 ?@>OA=8B 4;O =53> @07=>>1@07=K5 :><0=4K, 2 :>B>@KE 8 ?@>B82 :>B>@KE >= 83@05B. A;8 G5;>25: >1=0@C68205B, GB> >= 83@05B B>;L:> =0 A0<>48=0<8:5 8 =5 ?@8=04;568B 1>;LH5 =8 : :0:8< 4@C38< :><0=40<, B> MB>B G5;>25: 1C45B ?@>83@K20BL, B0: ?5@54 A>1>9 >= 8<55B A5<L >AB02H8EAO 48=0<8:.  A0<>48=0<8:0 @54:> A?>A>1=0 27OBL 25@E =04 2A5<8 >AB0;L=K<8 48=0<8:0<8.  !05=B>;>388 <K =07K205< B0:>5 A>AB>O=85 "B>;L:> >48=". 45AL ?@8ACBAB2C5B A0<>45B5@<8=87< 2 >1;8:5 M3>8AB8G5A:>3> 45B5@<8=87<0, 8 8=48284CC<, :>B>@K9 2=5 2AO:>3> A><=5=8O 1C45B ?>402;5=. 'B>1K =0A;0640BLAO 687=LN, =C6=> 1KBL 3>B>2K< AB0=>28BLAO =5:>B>@>9 55 G0ABLN.  !05=B>;>388 ACI5AB2C5B ?@8=F8?, =07K205<K9 ?0=-45B5@<8=87<><. -B> <>6=> 3@C1> >?@545;8BL :0: :>=B@>;L 459AB289 42CE 8;8 1>;55 AB>@>= 2 83@5 >4=>2@5<5==>. 0?@8<5@, G5;>25:, 83@0NI89 2 H0E<0BK, A0<>45B5@<8=8@>20= 8 83@05B ?@>B82 A2>53> A>?5@=8:0. '5;>25:, :>B>@K9 ?0=-45B5@<8=8@>20= 2 H0E<0B0E, <>3 1K 83@0BL 70 >15 AB>@>=K H0E<0B=>9 4>A:8. !CI5AB2> ?0=-45B5@<8=8@>20=> 2 ;N1>9 83@5, 2 :>B>@>9 >=> 3>A?>4AB2C5B, 8 ;8HL A0<>45B5@<8=8@>20=> 2 83@5, 345 >=> 2 ?>4G8=5==>< ?>;>65=88. 0?@8<5@, 35=5@0; 0@<88 ?0=-45B5@<8=8@>20= 2 >B=>H5=88 :0:>3>-;81> A?>@0 <564C 42C<O A>;40B0<8 8;8 4065 42C<O @>B0<8, =0E>4OI8<8AO ?>4 53> :><0=4>20=85<.  MB>< A;CG05 >= ?0=-45B5@<8=8@>20=; => :>340 >= ?@>B82>AB>8B 4@C3>9 0@<88, :>B>@>9 :><0=4C5B 4@C3>9 35=5@0;, >= AB0=>28BAO A0<>45B5@<8=8@>20==K<. >6=> A:070BL, GB> 83@0 2 MB>< A;CG05 AB0=>28BAO 1>;LH5 MB>3> 35=5@0;0. =0 AB0=>28BAO 1>;LH5, G5< 4065 B0:0O 83@0, 2 :>B>@>9 MB>B 35=5@0; ?KB05BAO 83@0BL @>;8 2A5E ?>;8B8G5A:8E @C:>2>48B5;59, :>B>@K5 4>;6=K AB>OBL =04 =8<. -B> 3;02=0O ?@8G8=0, ?>G5<C 48:B0BC@0 =5 @01>B05B. 4=><C G5;>25:C ?@0:B8G5A:8 =52>7<>6=> 1KBL ?0=-45B5@<8=8@>20==K< 2> 2A59 A8AB5<5 83@, >E20BK20NI8E :0:CN-;81> =0F8N. = =0G8=05B 2AB020BL =0 GLN-B> AB>@>=C, 8 70B5<, 2 B>9 AB5?5=8, 2 :0:>9 >= MB> 45;05B, AB0=>28BAO 3>@074> <5;LG5, G5< ?@028B5;LAB2>, :>B>@K< >= ?KB05BAO @C:>2>48BL.  ?@>H;K5 3>40 1K;> <>4=K< B@51>20BL >4=>9 ;8HL A2>1>4K. $@0=FC7A:0O @52>;NF8O ?>:070;0 ?@5:@0A=K9 ?@8<5@ MB>3>.  :>=F5 2>A5<=04F0B>3> AB>;5B8O D@0=FC7A:0O 7=0BL AB0;0 =0AB>;L:> A0<>45B5@<8=8@>20==>9 ?@>B82 >AB02H59AO G0AB8 AB@0=K 8 =0AB>;L:> =5A?>A>1=>9 ?>AB028BL A51O 2 ?>;>65=85 ?@>AB>3> =0@>40, GB> 1K;0 C=8GB>65=0. !0< =0@>4 BCB 65 ?>?KB0;AO 2AB0BL =0 <5AB> ?@028B5;LAB20 8, 1C4CG8 >3@0=8G5==K< 8 8A?KBK20O 0=B8?0B8N : ;N1K< >3@0=8G5=8O<, 2K428=C; 2>8=AB25==K9 :;8G: "!2>1>4C!" # =8E 1>;LH5 =5 1K;> =8:0:8E >3@0=8G5=89 8;8 10@L5@>2. 0:>=K ?@028B5;LAB20 1K;8 >B1@>H5=K. 5AB> M:>=><8:8 70=O;8 2>@>2AB2> 8 10=48B87<. 0@>4 65 >1=0@C68; A51O 2 5I5 1>;55 3;C1>:>9 ;>2CH:5 8 2>2;5G5==K< 2 48:B0BC@C, :>B>@0O AB0;0 =0<=>3> 1>;55 >3@0=8G820NI59, G5< 2A5, GB> ?@8E>48;>AL 8A?KBK20BL 4> @52>;NF88. %>BO G5;>25: 8 8A?>;L7C5B 2A5 2@5<O "!2>1>4C!" :0: A2>9 2>8=AB25==K9 :;8G - MB8< >= B>;L:> 5I5 1>;LH5 703>=O5B A51O 2 ;>2CH:C. @8G8=0 MB>3> >G5=L ?@>AB0. 3@0 A>AB>8B 87 A2>1>4K, 8 87 10@L5@>2, 8 87 F5;59. >340 G5;>25: >B1@0AK205B 845N >3@0=8G5=89 8;8 10@L5@>2, >= A@07C 65 B5@O5B :>=B@>;L =04 =8<8. = AB0=>28BAO A0<>45B5@<8=8@>20==K< ?> >B=>H5=8N : 10@L5@0<, 0 =5 ?0=-45B5@<8=8@>20==K<, A;54>20B5;L=>, >= =5 <>65B C65 :>=B@>;8@>20BL MB8 10@L5@K. 0: B>;L:> MB> ?@>8AE>48B, 10@L5@K, AB02H85 =5:>=B@>;8@C5<K<8, 703>=ONB 53> 2 ;>2CH:C. 8AE>4OI0O A?8@0;L 2848<>AB8 - A>740=85-2K6820=85-@07@CH5=85 - 2>7=8:05B B>BG0A 65, :0: B>;L:> G5;>25: =0G8=05B 871530BL 10@L5@K. A;8 >= AG8B05B 2A5 >3@0=8G5=8O 8 10@L5@K A2>8<8 2@030<8, >=, :>=5G=>, >B:065BAO >B ;N1>3> :>=B@>;O =04 =8<8 8, B0:8< >1@07><, =0G=5B A2>N A>1AB25==CN =8AE>4OICN A?8@0;L. 0A0, ?@8CG5==0O 4C<0BL B>;L:> 2 B5@<8=0E A2>1>4K, <>65B >G5=L ;53:> ?>?0ABL 2 70?04=N. 8:B> 2 MB>9 =0F88 =5 1C45B 1@0BL =0 A51O >B25BAB25==>ABL 70 >3@0=8G5=8O, A;54>20B5;L=>, 2848<K5 >3@0=8G5=8O 1C4CB AB0=>28BLAO 2A5 <5=LH5 8 <5=LH5.  459AB28B5;L=>AB8 65, >=8 1C4CB AB0=>28BLAO 2A5 1>;LH5 8 1>;LH5. 0A:>;L:> MB8 >3@0=8G5=8O ?@5C<5=LH0NBAO, =0AB>;L:> 65 C<5=LH05BAO 8 A2>1>40 8=48284CC<0. 5;L7O 1KBL A2>1>4=K< >B AB5=K 157 B>3>, GB>1K MB0 AB5=0 ACI5AB2>20;0. >B5@O2 2A5 >3@0=8G5=8O, 687=L AB0=>28BAO 15AF5;L=>9, A;CG09=>9, E0>B8G=>9. %>@>H89 @C:>2>48B5;L 4>;65= 1KBL A?>A>15= 1@0BL =0 A51O >B25BAB25==>ABL 70 >3@0=8G5=8O, ?>A:>;L:C A2>1>40, GB>1K ACI5AB2>20BL, 4>;6=0 8<5BL 10@L5@K. 5A?>A>1=>ABL 1@0BL =0 A51O 8=8F80B82C 2 2>?@>A5 >3@0=8G5=89 8;8 10@L5@>2 ?@82>48B : B><C, GB> >=8 =0G8=0NB 2>7=8:0BL A0<8 ?> A515, 157 A>3;0A8O 8;8 :>=B@>;O. !CI5AB2CNB @07;8G=K5 A>AB>O=8O C<0, ?@82>4OI85 : AG0ABLN. "> A>AB>O=85 C<0, :>B>@>5 =0AB08205B B>;L:> =0 A2>1>45, =5 <>65B ?@825AB8 =8 : G5<C, :@><5 =5AG0ABLO. K;> 1K =0<=>3> ;CGH5 @0728BL B0:>9 >1@07 <KA;59, :>B>@K9 ?><>30; 1K >BKA:820BL =>2K5 A?>A>1K, :0: <>6=> >:070BLAO ?>9<0==K<, 8 25I8, 2 :>B>@KE <>6=> >:070BLAO ?>9<0==K<, G5< ?>72>;8BL A515 ?>?0ABL 2 >:>=G0B5;L=CN 8 ?>;=CN 70?04=N @0AAC645=89 > G8AB>9 A2>1>45. '5;>25:, :>B>@K9 3>B>2 ?@8=OBL >3@0=8G5=8O 8 10@L5@K, 8 =5 1568B >B =8E, A2>1>45=. '5;>25:, :>B>@K9 =8G53> =5 45;05B :@><5 1>@L1K A >3@0=8G5=8O<8 8 10@L5@0<8, >1KG=> >:07K205BAO ?>9<0=. !?>A>1 8<5BL 15A:>=5G=CN 2>9=C - MB> ">B:07K20BLAO" >B 2A5E 2>9=. 0: MB> <>6=> C2845BL 2 ;N1>9 83@5, F5;8 2 =59 ?@>B82>?>AB02;5=K 4@C3 4@C3C. !8BC0F8O F5;L-:>=B@F5;L ACI5AB2C5B ?>GB8 2 ;N1>9 83@5, :>B>@0O 2545BAO =0 =5:>B>@>< 83@>2>< ?>;5 A 42C<O :><0=40<8. 4=0 :><0=40 8<55B 845N "4>AB8GL 2>@>B" 4@C3>9 :><0=4K, 0 B0, 2 A2>N >G5@54L, 8<55B 845N "4>AB8GL 2>@>B" ?5@2>9 :><0=4K. E F5;8 =0E>4OBAO 2 A>AB>O=88 2>9=K, 8 MB0 2>9=0 F5;59 A>7405B 83@C. >9=0 F5;59 405B =0< B>, GB> <K =07K205< ?@>1;5<0<8. @>1;5<0 8<55B "F5;52CN" 0=0B><8N. =0 A>45@68B 425 8;8 1>;55 ?@>B82>AB>OI8E F5;59. 5 8<55B 7=0G5=8O 284 ?@>1;5<K, A :>B>@>9 2K AB0;:8205B5AL 8;8 AB0;:820;8AL, 107>20O 0=0B><8O MB>9 ?@>1;5<K - F5;L-:>=B@F5;L. ! ?><>ILN @50;L=>9 ?@>25@:8 2 !05=B>;>388 1K;> >1=0@C65=>, GB> G5;>25: =0G8=05B AB@040BL >B ?@>1;5<, :>340 =5 8<55B 8E 2 4>AB0B>G=>< :>;8G5AB25. ABL >4=0 AB0@0O ?>3>2>@:0, GB> 5A;8 2K E>B8B5 A45;0BL GB>-B>, ?>@CG8B5 MB> 70=OB><C G5;>25:C. =0;>38G=>, 5A;8 2K E>B8B5 8<5BL C40G=>3> :><?0=L>=0, =0948B5 B0:>3> G5;>25:0, :>B>@K9 <>65B 8<5BL <0AAC ?@>1;5<. !0<>45B5@<8=87< 5ABL A>AB>O=85 >?@545;5=8O A>1AB25==KE 459AB289. -B> 459AB285 ?5@2>9 48=0<8:8 (A0<>48=0<8:8), :>B>@>5 >AB02;O5B >AB02H85AO A5<L 48=0<8: =5:>=B@>;8@C5<K<8 8;8, 2 459AB28B5;L=>AB8, ?@>B82>AB>OI8<8 A515. "0:, 5A;8 :B>-B> E>G5B ?@>25AB8 >AB0B>: 687=8 "A2>1>4=K< >B 2AO:>9 1>@L1K", >= <>65B =0AB0820BL =0 >4=>< ;8HL A0<>45B5@<8=87<5. > B0: :0: >AB02H85AO 48=0<8:8, GB>1K 459AB2>20BL, 4>;6=K 70=8<0BL =5:>B>@>5 <5AB> 2 53> ;8G=>AB8, >=8 =5<54;5==> =0G8=0NB A>?@>B82;OBLAO ;N1>9 ?>?KB:5 B>B0;L=>3> A0<>45B5@<8=87<0. 0=-45B5@<8=87< >7=0G05B >?@545;5=85 A>1AB25==KE 459AB289 8 459AB289 4@C38E. -B> 1>;55 H8@>:89 45B5@<8=87<, G5< A0<>45B5@<8=87<.  015@@8@>20==>9 D>@<5 <K =01;N405< MB> 2 AB@5<;5=88 :>=B@>;8@>20BL 2A5E >AB0;L=KE A F5;LN CA8;8BL A51O. 0=-45B5@<8=87< 5ABL 45B5@<8=87< 4@C3>9 AB>@>=K 8;8 45B5@<8=87< 42CE AB>@>=. A;8 :B>-B> :>=B@>;8@C5B >15 AB>@>=K 2 H0E<0B=>9 ?0@B88, >= =0E>48BAO "2KH5" MB>9 83@K. "0:8< >1@07><, :B>-;81> A0<>45B5@<8=8@>20= 2 ;N1>9 A8BC0F88, 2 :>B>@>9 >= 1>@5BAO, 8 ?0=-45B5@<8=8@>20= 2 ;N1>9 A8BC0F88, :>B>@CN >= :>=B@>;8@C5B. 'B>1K AB0BL ?0=-45B5@<8=8@>20==K<, 0 =5 B>;L:> A0<>45B5@<8=8@>20==K<, =5>1E>48<> 2845BL >15 AB>@>=K. @>1;5<0 ACBL =0<5@5=85-:>=B@=0<5@5=85. !;54>20B5;L=>, MB> =5GB>, 8<5NI55 425 ?@>B82>AB>OI85 AB>@>=K. !>74020O ?@>1;5<K, G5;>25: ?@8>1@5B05B A:;>==>ABL 2845BL >15 AB>@>=K 2 8E ?@>B82>AB>O=88 8 B0:8< >1@07>< AB0=>28BAO ?0=-45B5@<8=8@>20==K<. 5>1E>48<>ABL 8<5BL ?@>1;5<C - MB> B>;L:> 2848<>ABL. @>1;5<0 - MB> 1;8609H0O @50;L=>ABL, :>B>@CN G5;>25: 4>;65= 8<5BL, GB>1K 1KBL ?0=-45B5@<8=8@>20==K<.  ?@>F5AA8=35 87>1@5B5=85 ?@>1;5< 45<>=AB@8@C5B 1>;55 H8@>:89 273;O4 8 B0:8< >1@07>< 2K2>48B G5;>25:0 87 B@C4=>AB59. BAN40 <K ?>;CG05< AB@0==> 2KA>:89 ?@>F5=B =52@>7>2 2 1>30BKE A5<LOE. -B8 ;N48 >G5=L <0;> 4>;6=K 45;0BL 8 8<5NB >G5=L =5<=>3> ?@>1;5<. A=>2=K5 ?@>1;5<K ?8B0=8O, >4564K 8 68;8I0 C65 @5H5=K 70 =8E. A;8 1K 1K;> 8AB8=>9, GB> AG0ABL5 G5;>25:0 7028A8B B>;L:> >B 53> A2>1>4K, <>6=> 1K;> 1K ?@54?>;>68BL, GB> MB8 ;N48 4>;6=K 1KBL AG0AB;82K. 4=0:> >=8 =5AG0AB;82K. 'B> 45;05B 8E =5AG0AB;82K<8? 5E20B:0 ?@>1;5<. %>BO CA?5H=K9 ?@>F5AA8=3 2 !05=B>;>388, ?>-2848<><C, 7028A8B >B ?@8=OB8O 2> 2=8<0=85 2A5E B@5E M;5<5=B>2 83@ - 8 MB> 459AB28B5;L=> A5:@5B C;CGH5=8O ;N459: >A>7=0=85 A2>1>4K, 10@L5@>2 8 F5;59 8 A10;0=A8@>20=85 8E - 8AB8=0 B0:65 8 B>, GB> 2K <>65B5 A45;0BL G5;>25:0 ;CGH5, ?@>AB> A04OAL @O4>< A =8< 8 ?@>AO 53> 87>1@5B0BL ?@>1;5<K, >4=C 70 4@C3>9. C45B >1=0@C65=>, GB> ?@84C<K20=85 8A:CAAB25==KE ?@>1;5< >A2>1>6405B C< 8 45;05B G5;>25:0 1>;55 A?>A>1=K<. 07C<55BAO, 745AL >:07K205BAO 70459AB2>20==K< 5I5 >48= D0:B>@, A>AB>OI89 2 B><, GB> B>B, :B> 87>1@5B05B ?@>1;5<K, AB0=>28BAO ?0=-45B5@<8=8@>20==K< 2 ?@>1;5<0E, 2<5AB> B>3>, GB>1K 1KBL B>;L:> =0 >4=>9 AB>@>=5, ?@>B82>AB>O >BBC40 2A5< A2>8< ?@>1;5<0<. 5AG0AB=K9 G5;>25: - MB> G5;>25:, :>B>@K9 =5?@5@K2=> 4C<05B > B><, :0: AB0BL A2>1>4=K<. >6=> C2845BL :>=B>@A:>3> A;C60I53>, :>B>@K9 ?>AB>O==> ?KB05BAO C:;>=8BLAO >B @01>BK. %>BO >= 8<55B <0AAC A2>1>4=>3> 2@5<5=8, >= =5 ?>;CG05B >B =53> =8:0:>3> C4>2>;LAB28O. = ?KB05BAO 871560BL :>=B0:B>2 A ;N4L<8, >1J5:B0<8, M=5@38O<8 8 ?@>AB@0=AB20<8.  :>=F5 :>=F>2 >= AB0=>28BAO ?>9<0==K< 2 A2>53> @>40 ;5B0@388. A;8 1K MB>B G5;>25: A<>3 ?@>AB> ?>25@=CBL A2>9 C< B0:, GB>1K =0G0BL "15A?>:>8BLAO" > B><, :0: 1K 5<C A45;0BL ?>1>;LH5 @01>BK, 53> C@>25=L AG0ABLO <>3 1K 70<5B=> C25;8G8BLAO. ">B, :B> ?>AB>O==> ?@84C<K205B, :0: 1K C:;>=8BLAO >B G53>-B>, 1C45B =5AG0AB;82. ">B, :B> @07<KH;O5B > B><, :0: 70=OBLAO G5<-B>, 8<55B =0<=>3> 1>;LH5 H0=A>2 AB0BL AG0AB;82K<. !CI5AB2CNB, :>=5G=>, A;CG08 =02O7K20=8O 83@, 2 :>B>@KE G5;>25: =5 708=B5@5A>20= - 2>9=0, =0 :>B>@CN >= ?@8720=, O2;O5BAO 1;5ABOI8< ?@8<5@>< MB>3>. = =5 708=B5@5A>20= 2 F5;OE MB>9 2>9=K, =>, B5< =5 <5=55, 2K=C645= CG0AB2>20BL 2 55 A@065=8OE. =0G8B 4>;65= ACI5AB2>20BL :0:>9-B> 4>?>;=8B5;L=K9 M;5<5=B, 8 B0:8< M;5<5=B>< O2;O5BAO "?@02> 2K1>@0". B0:, <>6=> 3>2>@8BL > B><, GB> 687=L 5ABL 83@0, 8 GB> A?>A>1=>ABL 25AB8 83@C A:;04K205BAO 87 ?@8=OB8O :0: A2>1>4K, B0: 8 10@L5@>2, E>@>H53> ?>=8<0=8O F5;59 8 ?@020 2K1>@0 A2>53> CG0AB8O 2 83@5. -B8 G5BK@5 M;5<5=B0 - A2>1>40, 10@L5@K, F5;8 8 ?@02> 2K1>@0 - =0?@02;ONI85 M;5<5=BK 687=8. ABL B>;L:> 420 D0:B>@0 2KH5 =8E, 8 >10 MB8E D0:B>@0 A2O70=K A =8<8. 5@2K9 - A?>A>1=>ABL A>74020BL, @07C<55BAO, 2<5AB5 A >1@0B=>9 A?>A>1=>ABLN - @07@CH0BL; 8 2B>@>9 - A?>A>1=>ABL 45;0BL ?>ABC;0BK. -B8 M;5<5=BK >1@07CNB H8@>:CN :0@B8=C 687=8, 8, 45;0O 687=L 1>;55 OA=>9 8 <5=55 70?CB0==>9, 8A?>;L7CNBAO 4;O 55 ?>=8<0=8O. '!" ' 064K9 G5;>25: A>AB>8B 87 B@5E G0AB59. 5@20O G0ABL - 4CE, =07K205<K9 2 !05=B>;>388 A;>2>< BMB0=. B>@0O G0ABL - @07C<. "@5BLO G0ABL - B5;>. >7<>6=>, A0<K< 1>;LH8< >B:@KB85< !05=B>;>388 8 55 =081>;LH8< 2:;04>< 2 7=0=8O G5;>25G5AB20 1K;> 2K45;5=85, >?8A0=85 8 :>=B@>;L G5;>25G5A:>3> 4CE0 2 8N;5 1951 3>40 2 $8=8:A5, HB0B @87>=0. / CAB0=>28; A:>@55 =0CG=>, G5< @5;838>7=K< 8;8 3C<0=8B0@=K< ?CB5<, GB> B>, GB> O2;O5BAO 8=48284CC<><, ;8G=>ABLN, >B45;O5BAO >B B5;0 8 >B @07C<0 ?> 2>;5 G5;>25:0, =5 2K7K20O ?@8 MB>< A<5@B8 B5;0 8;8 ?A8E8G5A:>3> @0AAB@>9AB20.  ?@>H;>< 8<5;8 <5AB> 7=0G8B5;L=K5 48A:CAA88 >B=>A8B5;L=> G5;>25G5A:>3> 4CE0 8;8 4CH8, 8 @07;8G=K5 ?>?KB:8 C?@02;OBL G5;>25:>< O2;ONBAO MDD5:B82=K<8 2284C 53> ?>GB8 ?>;=>3> 83=>@8@>20=8O A2>59 A>1AB25==>9 ?@8@>4K. 5 B0: 402=> A?8@8BC0;8ABK 2K45;8;8 87 G5;>25:0 B>, GB> >=8 =0720;8 0AB@0;L=K< B5;><, 8 A 53> ?><>ILN =0CG8;8AL 459AB2>20BL 4;O 4>AB865=8O A2>8E F5;59.  !05=B>;>388 A>1AB25==> 4CE 1K; >B45;5= >B B>3>, GB> A?8@8BC0;8ABK =0720;8 0AB@0;L=K< B5;><, 8 745AL =5 4>;6=> 1KBL ?CB0=8FK <564C MB8<8 42C<O 25I0<8. "0: 65, :0: 2K 7=05B5, GB> 2K ACI5AB2C5B5, 345 1K 2K =8 =0E>48;8AL 2 MB>B <><5=B, 2K 1K MB> 7=0;8, 5A;8 1K 2K, :0: 4CE, >:070;8AL >B45;5==K<8 >B A2>53> @07C<0 8 B5;0. '5;>25: =5 >1=0@C6820; MB>3> @0=LH5, ?>A:>;L:C, =5 >1;040O B5E=>;>3859 !05=B>;>388, >= 8<5; >G5=L <0;> @50;L=>AB8 ?> ?>2>4C A2>53> >B45;5=8O >B @07C<0 8 B5;0; A;54>20B5;L=>, >= @0AA<0B@820; A51O, ?> <5=LH59 <5@5, G0ABLN @07C<0 8 B5;0. 5AL :C;LB :><<C=87<0 >A=>2K205BAO =0 D0:B5, GB> G5;>25: 6825B B>;L:> >4=C 687=L, GB> 1C4CI53> =5 ACI5AB2C5B, 8 GB> 8=48284CC< =5 8<55B @5;838>7=>9 7=0G8<>AB8. '5;>25G5AB2> =5:>=B@>;8@C5<> ?@81;8605BAO : MB><C A>AB>O=8N 2 B5G5=85, :0: <8=8<C<, ?>A;54=53> AB>;5B8O. -B> A>AB>O=85 >G5=L =87:>3> ?>@O4:0, 8A:;NG0NI55 2AO:>5 A0<>?>7=0=85. #% "MB0= >?8AK205BAO 2 !05=B>;>388 :0: =5GB>, =5 8<5NI55 <0AAK, 4;8=K 2>;=K, M=5@388, 2@5<5=8 8 <5AB>?>;>65=8O 2 ?@>AB@0=AB25, :@><5 :0: ?> A>1AB25==><C AC645=8N 8;8 ?>ABC;0BC. CE, A;54>20B5;L=>, =5 5ABL 25IL. -B> A>740B5;L 25I59. 1KG=> <5AB>68B5;LAB2> BMB0=0 =0E>48BAO 2 G5@5?5 8;8 21;878 B5;0. "MB0= <>65B 1KBL 2 >4=>< 87 G5BK@5E A>AB>O=89. >-?5@2KE, >= <>65B 1KBL ?>;=>ABLN >B45;5= >B B5;0 8;8 B5;, 8;8 4065 >B MB>9 2A5;5==>9. >-2B>@KE, >= <>65B 1KBL @O4>< A B5;>< 8 >A>7=0==> C?@02;OBL 8<. -B@5BL8E, >= <>65B 1KBL 2 B5;5 (2 G5@5?=>9 :>@>1:5), 8 2-G5B25@BKE, >= <>65B =0E>48BLAO 2 ">?@>:8=CB><" A>AB>O=88, :>340 >= :><?C;LA82=> 2KE>48B 87 B5;0 8 =5 <>65B : =5<C ?@81;878BLAO. !CI5AB2CNB @07;8G=K5 AB5?5=8 :064>3> 87 MB8E G5BK@5E A>AB>O=89. 081>;55 >?B8<0;L=K< 87 MB8E A>AB>O=89, A B>G:8 7@5=8O G5;>25:0, O2;O5BAO 2B>@>5. "MB0= ?>425@65= CEC4H5=8N. -B> B@C4=> A@07C ?>=OBL, B0: :0: 2AO 53> 45OB5;L=>ABL A>AB>8B 87 AC645=89 8;8 ?>ABC;8@>20=8O. = 8A?>;L7C5B, G5@57 A2>8 ?>ABC;0BK, @07=>>1@07=K5 <5B>4K C?@02;5=8O B5;><. ">, GB> >= 459AB28B5;L=> ?>@B8BAO, >G5284=>, => 8 B>, GB> >= 2 ;N1>9 <><5=B <>65B 25@=CBLAO : A2>8< ?>;=K< A?>A>1=>ABO<, B0:65 O2;O5BAO D0:B><. "0: :0: >= 0AA>F88@C5B 1KB85 A <0AA>9 8 459AB285<, >= =5 1C45B @0AA<0B@820BL A51O 8<5NI8< :0:CN-B> 8=48284C0;L=CN ACI=>ABL, 5A;8 >= =5 1C45B A2O70= A >4=>9 8;8 1>;55 83@0<8 687=8. !05=B>;>38G5A:85 ?@>F5AAK <>3CB ?@>45<>=AB@8@>20BL MB>B D5=><5= G5;>25:C 1>;55 8;8 <5=55 1KAB@>, 8 >4=0 87 <=>38E F5;59 ?@>F5AA8=30 2 !05=B>;>388 - "M:AB5@8>@878@>20BL" G5;>25:0 8 ?@825AB8 53> 2> 2B>@>5 A>AB>O=85 87 >?8A0==KE 2KH5, B0: :0: 1K;> >1=0@C65=>, GB> 2 =5< >= AB0=>28BAO AG0AB;8255 8 1>;55 A?>A>1=K<. # 07C< O2;O5BAO :><<C=8:0F8>==>9 8 C?@02;ONI59 A8AB5<>9 <564C BMB0=>< 8 53> >:@C65=85<. 07C< ?@54AB02;O5B A>1>9 A5BL :><<C=8:0F89 8 :0@B8=>:, M=5@389 8 <0AA, :>B>@K5 ?>@>640NBAO 2 @57C;LB0B5 459AB289 BMB0=0 ?@>B82 D878G5A:>9 2A5;5==>9 8;8 4@C38E BMB0=>2. "MB0= >@30=87C5B @07;8G=K5 A8AB5<K :>=B@>;O B0:8< >1@07><, GB> >= <>65B =5?@5@K2=> C?@02;OBL B5;>< 8 G5@57 B5;> C?@02;OBL 25I0<8 2 D878G5A:>9 2A5;5==>9, @02=> :0: 8 4@C38<8 B5;0<8. 081>;55 >G5284=0O G0ABL @07C<0 >A>7=05BAO ;N1K< G5;>25:><, 5A;8 B>;L:> >= =5 =0E>48BAO 2 BO65;>< A>AB>O=88. -B> "C<AB25==K5 :0@B8=:8->1@07K".  !05=B>;>388 <K =07K205< B0:CN C<AB25==CN :0@B8=:C->1@07 D0:A8<8;5, :>340 >=0 O2;O5BAO "D>B>3@0D859" D878G5A:>9 2A5;5==>9 2 =5:>B>@K9 <><5=B ?@>H;>3>, 8 <>45;LN, :>340 >=0 A>740=0 BMB0=>< 8;8 4;O BMB0=0 8 =5 A>45@68B A=8<:0 D878G5A:>9 2A5;5==>9. K =07K205< C<AB25==CN :0@B8=:C->1@07 30;;NF8=0F859 8;8, 1>;55 B>G=>, 02B><0B87<><, :>340 G5;>25: 2848B :0@B8=:C, A>740==CN :5<-B> 4@C38<. 07=>>1@07=K5 O2;5=8O A2O70=K A MB>9 ACI=>ABLN, =07K205<>9 @07C<><. 5:>B>@K5 ;N48, 70:@K20O 3;070, 284OB B>;L:> B5<=>BC, 4@C385 284OB :0@B8=:8. 5:>B>@K5 ;N48 284OB :0@B8=:8, ?>@>6405<K5 B5;5A=K<8 @50:F8O<8. 5:>B>@K5 ;N48 284OB B>;L:> G5@=K5 M:@0=K. B>-B> 2848B 7>;>BK5 ;8=88. @C385 284OB ?@>AB@0=AB20, =>, ?> ACI5AB2C, 2 >A=>25 2A59 MB>9 A8AB5<K, =07K205<>9 @07C<><, ;560B ?>ABC;0B 8 >ICI5=85. 5AOB>: BKAOG =>2KE, >B45;L=KE C<AB25==KE O2;5=89, 4> A8E ?>@ =5 70<5G5==KE, 1K;8 157 B@C40 :;0AA8D8F8@>20=K 2 !05=B>;>388 8 80=5B8:5. "MB0= ?>;CG05B G5@57 :><<C=8:0F8>==CN A8AB5<C, =07K205<CN @07C<><, @07;8G=K5 2?5G0B;5=8O, 2 B>< G8A;5 ?@O<K5 A=8<:8 D878G5A:>9 2A5;5==>9. 4>102>: : MB><C, >= ?>;CG05B 2?5G0B;5=8O 87 ?@>H;KE 45OB5;L=>AB59 8, GB> A0<>5 206=>5, >= A0<, 1C4CG8 1;87>: : B>B0;L=><C 7=0=8N, 45;05B 70:;NG5=85 > ?@>H;>< 8 1C4CI5<, :>B>@K5 =5 7028AOB >B @074@068B5;59 =5?>A@54AB25==>3> =0AB>OI53>. 07C< =5 O2;O5BAO B>;L:> ;8HL @074@068B5;L=>->B25B=K< <5E0=87<><, :0: 70AB02;O5B AG8B0BL ?@5?>40205<0O 2 C=825@A8B5B0E AB0@0O <0@:A8ABA:0O ?A8E>;>38O. 07C< ?>4@0745;O-5BAO =0 B@8 >A=>2=K5 G0AB8. 5@20O <>65B 1KBL =0720=0 0=0;8B8G5A:8< C<><, 2B>@0O @50:B82=K< C<>< 8 B@5BLO A><0B8G5A:8< C<><. "'! # =0;8B8G5A:89 C< :><18=8@C5B >ICI5=8O =5?>A@54AB25==>3> >:@C65=8O, ?@>H;>3> (G5@57 :0@B8=:8) 8 @0AG5BK =0 1C4CI55, A>74020O 70:;NG5=8O, >A=>20==K5 =0 @50;L=>AB8 A8BC0F88. =0;8B8G5A:89 C< A>G5B05B ?>B5=F80;L=>5 7=0=85 BMB0=0 A CA;>28O<8 53> >:@C65=8O 8 ?@82>48B 53> : =57028A8<K< 70:;NG5=8O<. >6=> A:070BL, GB> MB>B C< A>AB>8B 87 287C0;L=KE :0@B8=>: :0: 87 ?@>H;>3>, B0: 8 87 D878G5A:>9 2A5;5==>9, 8 C?@02;O5BAO 8 :>=B@>;8@C5BAO 7=0=85< BMB0=0. ;NG52K< 2 0=0;8B8G5A:>< C<5 O2;O5BAO >A>7=0=85. = 7=05B B>, GB> >= @5H05B 8 7=05B B>, GB> >= 45;05B. "+ # 50:B82=K9 C< O2;O5BAO @074@068B5;L=>->B25B=K< <5E0=87<><, 3@C1> CAB@>5==K< 8 459AB2CNI8< 2 B@C4=> 2K=>A8<KE >1AB>OB5;LAB20E. 50:B82=K9 C< =8:>340 =5 ?5@5AB05B DC=:F8>=8@>20BL. 0@B8=:8, >G5=L =87:>3> ?>@O4:0, ?>4E20BK20NBAO MB8< C<>< 87 >:@C65=8O 4065 2 =5:>B>@KE A>AB>O=8OE 15AA>7=0B5;L=>AB8. 50:B82=K9 C< 459AB2C5B =865 C@>2=O A>7=0=8O. = 5ABL 1C:20;L=K9, @074@068B5;L=>->B25B=K9 C<. >;CG82 >?@545;5==K9 @074@068B5;L, >= 2K405B >?@545;5==K9 >B:;8:. 5AL ?@54<5B 80=5B8:8 A2O70=, 3;02=K< >1@07><, A MB8< C<><. /2;OOAL >?@545;5==K< A?>A>1>< <KH;5=8O, @50:B82=K9 C<, 2 B> 65 2@5<O, >1;0405B =0AB>;L:> =87:>9 A?>A>1=>ABLN 45;0BL @0F8>=0;L=K5 70:;NG5=8O, GB> <K =0E>48< 2 =5< B5 @07;8G=K5 015@@8@>20==K5 8<?C;LAK, :>B>@K5 @0AA<0B@820NBAO :0: AB@0==>AB8 ;8G=>AB8, M:AF5=B@8G=>ABL, =52@>7K 8 ?A8E>7K. <5==> MB>B C< E@0=8B 2A5 ?;>E>5, GB> ?@>87>H;> A G5;>25:><, 8 2K20;8205B 2A5 MB> =0 =53> A=>20 2 G@572KG09=KE A8BC0F8OE 8;8 2 <><5=BK >?0A=>AB8 B0:, GB> =0G8=05B 48:B>20BL 5<C 459AB28O, :>B>@K5 AG8B0;8AL "157>?0A=K<8" :>340-B> @0=55. >A:>;L:C ?@8 MB>< 70459AB2C5BAO <0;> <KH;5=8O, A?>A>1K 459AB28O, 48:BC5<K5 @50:B82=K< C<><, 70G0ABCN =5 O2;ONBAO 157>?0A=K<8, 0 =0?@>B82, 25AL<0 >?0A=K. 50:B82=K9 C< A>25@H5==> 1C:20;5= 2 A2>59 8=B5@?@5B0F88 A;>2 8 459AB289. >A:>;L:C >= ?>4E20BK205B :0@B8=:8 8 ?@8=8<05B 2?5G0B;5=8O 2 <><5=BK 15AA>7=0B5;L=>AB8, ;N10O D@070, ?@>87=5A5==0O 2> 2@5<O ?>;CG5=8O :0:>9-B> B@02<K, <>65B 1KBL 1C:20;L=> 8=B5@?@5B8@>20=0 @50:B82=K< C<>< 8 =0G8=05B 2 40;L=59H5< 459AB2>20BL =0 B5;> 8 0=0;8B8G5A:89 C<. @8<5@>< =081>;55 A;01>3> ?@>O2;5=8O MB>3> <5E0=87<0 <>65B 1KBL =0?@O65==0O B@5=8@>2:0, 2 :>B>@>9 2 @07C< 70:;04K205BAO =5:>B>@K9 H01;>= 4;O 40;L=59H53> 8A?>;L7>20=8O ?@8 ?>;CG5=88 :>=:@5B=>3> @074@068B5;O. !>AB>O=85 38?=>B8G5A:>3> B@0=A0, 2 :>B>@>< @07C< 1>;55 2>A?@88<G82, O2;O5BAO, >4=0:>, 3@C1K< 8 <5=55 @01>B>A?>A>1=K<. !45;0==K5 1>;55 GC2AB28B5;L=K<8 ?CB5< D8:A0F88 2=8<0=8O, A;>20 <>3CB 1KBL =5<54;5==> 2=54@5=K 2 @50:B82=K9 C< 8 =0G=CB ?>765 459AB2>20BL ?@8 @5AB8<C;OF88. I5 1>;55 =87:8< C@>2=5< 2 @50:B82=>< C<5 O2;ONBAO <><5=BK, :>340 G5;>25: 8A?KBK205B D878G5A:85 B@02<K, 2>7459AB28O =0@:>B8:>2, 1>;57=8, 1>;L 8 ;N1K5 4@C385 A>AB>O=8O 15AA>7=0B5;L=>AB8. $@07K, ?@>87=5A5==K5 @O4>< A 0=5AB578@>20==K< G5;>25:><, <>3CB 2?>A;54AB288 >:07K20BL 2;8O=85 =0 =53>. 5 >1O70B5;L=>, GB> 2A5 157 8A:;NG5=8O <><5=BK >?5@0F88 >:06CBAO AB0@0B5;L=> "AD>B>3@0D8@>20==K<8" @50:B82=K< C<>< 15AA>7=0B5;L=>3> ?0F85=B0, => D0:B8G5A:8, 1>;LH8=AB2> 87 MB8E @074@068B5;59 @538AB@8@CNBAO. >;=0O B8H8=0 21;878 G5;>25:0, :>B>@K9 =0E>48BAO 2 0=5AB5788, 15AA>7=0B5;L=>AB8 8;8 21;878 B>3>, :B> 8A?KBK205B A8;L=CN 1>;L, >1O70B5;L=0, 5A;8 2K E>B8B5 A>E@0=8BL 4;O 1C4CI53> 4CH52=>5 74>@>2L5 MB>3> G5;>25:0 8;8 ?0F85=B0. 5@>OB=>, =081>;55 B5@0?52B8G=K< 459AB285<, :>B>@>5 <>65B ?@>87>9B8 A 8=48284CC<>< 2 !05=B>;>38G5A:>< ?@>F5AA8=35, O2;O5BAO >B45;5=85 BMB0=0 >B @07C<0 B0:8< >1@07><, GB>1K BMB0=, 2 >BACBAB288 ?@8=C645=8O 8 >1;040O B>B0;L=K< 7=0=85<, <>3 C2845BL A51O 8 A2>9 @07C< 8 A>>B25BAB25==> 459AB2>20BL. 4=0:>, ACI5AB2C5B >48= B8? M:AB5@8>@870F88, :>B>@K9 O2;O5BAO =081>;55 015@@0B82=K< 87 2A5E B@02<0B8G5A:8E 459AB289. -B> A>AB>O=85, :>340 8=48284CC< ?@81;8605BAO 87-70 B@02<K, E8@C@38G5A:>9 >?5@0F88 8;8 H>:0 =0AB>;L:> 1;87:> : A<5@B8, GB> M:AB5@8>@878@C5BAO 87 B5;0 8 @07C<0. -B0 ?@8=C48B5;L=0O M:AB5@8>@870F8O O2;O5BAO 2=570?=>9, =5>1JOA=8<>9 4;O ?0F85=B0, 8 A0<0 ?> A515 25AL<0 H>:8@C5B. >340 B0:>5 A;CG05BAO A 8=48284CC<><, B> >= >?@545;5==> 1C45B 2?>A;54AB288 AB@040BL >B MB>3> >?KB0. >6=> 3>2>@8BL > B><, GB> 5A;8 @50:B82=K9 C< A>45@68B B0:85 2=570?=K5 H>:>2K5 <><5=BK 2K=C645==>9 M:AB5@8>@870F88, ?>?KB:8 M:AB5@8>@878@>20BL 8=48284CC<0 ?>765 A ?><>ILN !05=B>;>388 1>;55 B@C4=K. "5< =5 <5=55, A>2@5<5==K9 ?@>F5AA8=3 A?@02;O5BAO A MB8<. $5=><5= ?@8=C48B5;L=>9 M:AB5@8>@870F88 2@5<5=0<8 A>?@>2>6405BAO 2A?KH:0<8 M=5@388 2 @07;8G=KE D0:A8<8;5, A>45@60I8EAO 2 @07C<5, :>B>@K5 A2O7K20NBAO, ?5@5<5H820OAL 2 @50:B82=>< C<5. "0: ;N48 =0G8=0NB 1>OBLAO M:AB5@8>@870F88, 0 8=>340 4065 AB0=>2OBAO 1>;L=K<8 B>;L:> 87-70 >1AC645=8O MB>3> O2;5=8O, ?>A:>;L:C >=8 1K;8 M:AB5@8>@878@>20=K ?>4 402;5=85< 2> 2@5<O :0:>9-B> >?5@0F88 8;8 =5AG0AB=>3> A;CG0O. @8=C48B5;L=0O M:AB5@8>@870F8O E0@0:B5@=0 4;O A0<>9 A<5@B8. !;54>20B5;L=>, M:AB5@8>@870F8O 8;8 >B45;5=85 4CH8 2 >A=>2=>< 0AA>F88@C5BAO A> A<5@BLN 2 C<0E 1>;LH8=AB20 ;N459. !>2A5< =5 >1O70B5;L=>, GB> G5;>25: C<5@, 5A;8 >= M:AB5@8>@878@>20;AO, 8 A>25@H5==> B>G=>, GB> M:AB5@8>@870F8O, =5 A>?@>2>640NI0OAO H>:><, 1>;LN 8;8 402;5=85<, 2>>1I5 =5 1>;57=5==0.  459AB28B5;L=>AB8, >=0 25AL<0 B5@0?52B8G=0. !"'! # "@5BLO G0ABL @07C<0 - MB> A><0B8G5A:89 C<. -B> 4065 5I5 1>;55 BO65;K9 B8? C<0, G5< @50:B82=K9 C<, B0: :0: >= =5 A>45@68B =8:0:>3> <KH;5=8O, 0 A>AB>8B B>;L:> 87 459AB289. <?C;LAK, =0?@02;O5<K5 : B5;C BMB0=>< G5@57 @07;8G=K5 ?A8E8G5A:85 <5E0=87<K, ?@>E>4OB ?> A>7=0B5;L=K<, 15AA>7=0B5;L=K< 8 65;578ABK< C@>2=O<. -B8 C@>2=8 8<5NB =01>@ <5B>4>2 >1@01>B:8 ;N1>9 A8BC0F88 8 ?@O<> >B25G0NB =0 40205<K5 :><0=4K.  =5AG0ABLN, A><0B8G5A:89 C< ?>4G8=O5BAO 2A5< AB>OI8< =04 =8< 2KH5>?8A0==K< C<0< 8 BMB0=C. @C38<8 A;>20<8, BMB0= <>65B =57028A8<> 2;8OBL =0 A><0B8G5A:89 C<. =0;8B8G5A:89 C< <>65B 2;8OBL =0 A><0B8G5A:89 C<. 50:B82=K9 C< <>65B 2;8OBL =0 A><0B8G5A:89 C<. "0:8< >1@07><, <K 2848<, GB> =59@>=K, A8AB5<0 65;57, <CA:C;K 8 <0AAK B5;0 ?>4G8=ONBAO @07;8G=K< 8<?C;LA0<, :064K9 87 :>B>@KE 1>;55 =87:>3> ?>@O4:0, G5< ?@54K4CI89. >MB><C =5B =8G53> AB@0==>3> 2 B><, GB> <K >1=0@C68205< B0: =07K205<K5 "?A8E>A><0B8G5A:85" 701>;520=8O. =8 >1CA;>2;5=K B5<, GB> BMB0= =5 >A>7=05B 703@C65==>AB8 A><0B8G5A:>3> C<0 @07;8G=K<8 :><0=40<8 8;8 @0AAB@>9AB20<8. 8 B>, =8 4@C3>5 =5 70AB02;O5B BMB0=0 >A>7=0BL A2>N A>1AB25==CN ?@8G0AB=>ABL : B0:8< 459AB28O< 0=0;8B8G5A:>3> C<0, =0?@02;5==K< ?@>B82 B5;0. >A:>;L:C BMB0= @54:> >A>7=05B @50:B82=K9 C<, ?>A;54=89 ?>;CG05B 2>7<>6=>ABL =0 @074@068B5;L=>->B25B=>9 >A=>25 =0?@O<CN, 157 40;L=59H8E @5:C@A89, 2>7459AB2>20BL =0 =59@>=K, <CA:C;K 8 A8AB5<C 65;57 B5;0. "0: :0: @50:B82=K9 C< <>65B C45@6820BL =0 <5AB5 D8:A8@>20==CN :><0=4C, 2K7K20NICN @0AAB@>9AB20 2 A><0B8G5A:>< C<5, AB0=>28BAO 2>7<>6=K< ACI5AB2>20=85 1>;57=59, AB@0==KE 1>;59, @50;L=KE D878G5A:8E >B:;>=5=89 8 015@@0F89 157 :0:>3> 1K B> =8 1K;> A>7=0B5;L=>3> ?>=8<0=8O A> AB>@>=K BMB0=0. -B> <K =07K205< D878G5A:>9 1>;57=LN, 2K720==>9 @07C<><. >@>G5, ?>4>1=K5 1>;57=8 2K720=K >ICI5=8O<8, 2>A?@8=OBK<8 @50:B82=K< C<>< 2> 2@5<O <><5=B>2 1>;8 8 15AA>7=0B5;L=>AB8. 57028A8<> >B B>3>, ?@8=OB> ;8 D0:A8<8;5 @07C<>< 2 B> 2@5<O, :>340 BMB0= 1K; 2 A>7=0=88, 8;8 65 >= 1K; 15AA>7=0B5;5=, ?>;CG5==0O 2 @57C;LB0B5 <0AA0 M=5@35B8G5A:>9 :0@B8=:8 O2;O5BAO B>G=> B0:>9 65 M=5@3859, :0: 8 B0, :>B>@CN 2K 2848B5 2 M;5:B@8G5A:>9 ;0<?>G:5 8;8 2 O7K:0E ?;0<5=8. >340-B> 1K;> @5H5=>, GB> ?A8E8G5A:0O M=5@38O >B;8G=0 >B M=5@388 D878G5A:>9.  !05=B>;>388 1K;> >1=0@C65=>, GB> ?A8E8G5A:0O M=5@38O - MB> ?@>AB> 1>;55 B>=:89, 2KA>:89 C@>25=L D878G5A:>9 M=5@388. @>25@:0 MB>3> A>AB>8B 2 B><, GB> BMB0=, "<>45;8@CO" C<AB25==K5 :0@B8=:8->1@07K 8 2BO3820O 8E 2 B5;>, <>65B C25;8G8BL <0AAC B5;0, 0 >B1@0AK20O 8E A=>20, <>65B C<5=LH8BL 55. "0:0O ?@>25@:0 459AB28B5;L=> 45;0;0AL 8 <0AA0, @50;L=> 87<5@5==0O =0 25A0E, 8 :>B>@0O <>65B 4>AB830BL 15 :3, 4>102;O5BAO 8;8 2KG8B05BAO 87 B5;0 ?@8 ?><>I8 A>740=8O "?A8E8G5A:>9 M=5@388". -=5@38O 5ABL M=5@38O. =0 8<55B @07;8G=K5 4;8=K 2>;= 8 @07;8G=K5 E0@0:B5@8AB8:8. #<AB25==K5 :0@B8=:8->1@07K A?>A>1=K 2>7459AB2>-20BL =0 D878G5A:>5 >:@C65=85, 8 D878G5A:>5 >:@C65=85 A?>A>1=> 2>7459AB2>20BL =0 C<AB25==K5 :0@B8=:8->1@07K. "0: GB> @07C< 459AB28B5;L=> A>AB>8B 87 ?@>AB@0=AB2, M=5@389 8 <0AA B>3> 65 ?>@O4:0, GB> 8 D878G5A:0O 2A5;5==0O, => 1>;55 A;01KE, >B;8G0NI8EAO ?> @07<5@C 8 4;8=5 2>;=K. ;O ?>;CG5=8O 1>;55 ?>;=>9 :0@B8=K @07C<0 A;54C5B ?@>G8B0BL :=838: "8=0<8:8 687=8 - 2545=85 2 480=5B8G5A:85 >B:@KB8O" 8 "80=5B8:0: !>2@5<5==0O =0C:0 4CH52=>3> 74>@>2LO". =8 1K;8 =0?8A0=K 4> >B:@KB8O 2KAH8E C@>2=59 1KB8O 8 40NB 25AL<0 ?>;=CN :0@B8=C A>1AB25==> @07C<0, 53> AB@C:BC@K 8 B>3>, GB> <>6=> A45;0BL A =8< 8 ?> >B=>H5=8N : =5<C. " "@5BL59 G0ABLN G5;>25:0 O2;O5BAO D878G5A:>5 B5;>. CGH5 2A53> 87CG0BL 53> ?> B0:8< :=830<, :0: "=0B><8O @MO" 8 4@C38< 8740=8O< ?> 0=0B><88. -B> AD5@0 45OB5;L=>AB8 2@0G0-<548:0 8, >fhjl n p ~ : < @ B D F H q'jhg%hg%56U\]'jhg%hg%56U\]'jhg%hg%56U\]'jAhg%hg%56U\]hg%0J56\]'jhg%hg%56U\]jhg%56U\]hg%56\] hg%5\'>h f d !#&|'"(,<../02@3486:l=$a$gdg%gdg%$a$gdg%$a$gdg%P*,02468dfjlnpr  TVZ\`bddzǟNjwc'j hg%hg%56U\]'jI hg%hg%56U\]'j hg%hg%56U\]'jhg%hg%56U\]'jhg%hg%56U\]hg%56\]hg%0J56\]jhg%56U\]'jEhg%hg%56U\]&  `bfhlnp`LLZ񘍘|sdXdXhg%B*CJaJphhg%5B*CJ\aJphhg%0J5\!jhg%hg%5U\jhg%5U\ hg%5\'jYhg%hg%56U\]'jhg%hg%56U\]hg%0J56\]'j hg%hg%56U\]hg%56\]jhg%56U\]"l=j>t@@ABEGpIIJK`LLL:MNOW0ZZD]^b`aa.d"ee$a$gdg%e fnnoottwx yy||Z~`Ї|v.:t$a$gdg%Z~AAtmvmm ( * H }vxʧT6V0NPRVX\^bdhjl~%hjhY<B* CJ aJ mH phpsH hjhY<B* CJ aJ php.jhjhY<B* CJ UaJ mH phpsH hxjhxUh" U#hg%hg%5B*CJ\aJphhg%B*CJaJphhg%5B*CJ\aJph4tКě~6h ܸҽξd8L>vl$a$gdg%|.TPD0v     &P$a$gdg%P<F h@!n$6%%&'l*|++,&./0011d33 4(5n6$a$gdg%n66782=?r@AAC8EH$LhM`OQSUWYr\\X^a&cdhkm$a$gdg%mnqxz|,Ḧ l4t@.$vڱ$a$gdg%ڱD64B"$f008\^$a$gdg%^l H   8blt>!%j(v(0.4d99==A:GKMFSdY$a$gdg%dY~^aadj,p||؟Dr$Bh^J$a$gdg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dia" ("G5@57") 8 "nous" ("4CH0"). 80=5B8:0 >?@545;O5BAO :0: "B>, GB> 4CH0 45;05B A B5;><". -B> <5B>4 C?@02;5=8O M=5@3859, 87 :>B>@>9 A>AB>8B 687=L, - B0:8< >1@07><, GB>1K 4>18BLAO 1>;55 2KA>:>9 MDD5:B82=>AB8 2 >@30=87<5 8 2 4CE>2=>9 687=8 G5;>25:0. 48;5B0=BA:89: >B=>AOI89AO : G5;>25:C 8;8 E0@0:B5@87CNI89 G5;>25:0, :>B>@K9 70=8<05BAO 8A:CAAB2>< 8;8 =0C:>9 ?>25@E=>AB=> 8 B>;L:> @048 @072;5G5=8O. 845>;>38O: ?@8=F8?80;L=K5 8458 8;8 C15645=8O, :>B>@K5 A2>9AB25==K >?@545;5==><C >?@545;5==><C :;0AAC, 3@C??5 8;8 42865=8N. :>=F5=B@8G5A:89: 8<5NI89 >1I89 F5=B@. "0B5@80;87<" - MB> D8;>A>D8O, 2 :>B>@>9 ;>6=> CB25@6405BAO, GB> =8G53> 2 MB>9 2A5;5==>9, :@><5 <0B5@88, =5B; GB> @07C< - MB> A2>9AB2> <0B5@88; GB> =5 ACI5AB2C5B >A=>20=89 4;O B>3>, GB>1K ?@54?>;030BL 4CE>2=CN ?5@2>?@8G8=C. "80;5:B8G5A:89 <0B5@80;87<" O28;AO ?5@545;:>9 MB8E 8459 =5<5F:8< @52>;NF8>==K< ;845@>< 8 >A=>20B5;5< A>2@5<5==>3> A>F80;87<0 0@;>< 0@:A>< (1818 - 1883) 2 A>1AB25==K5 ">1I85 70:>=K 42865=8O, C?@02;ONI53> M2>;NF859 ?@8@>4K 8 >1I5AB20". = AG8B0;, GB> :>=D;8:B ?@>B82>?>;>6=>AB59 2 G5;>25G5A:>< >1I5AB25 O2;O5BAO M2>;NF8>==K< ?@>F5AA><, ?>A@54AB2>< :>B>@>3> 2 :>=5G=>< AG5B5 1C45B 4>AB83=CB> 15A:;0AA>2>5 >1I5AB2>. MEST: ?5@2K5 1C:2K >B 0=3;89A:8E A;>2 matter, energy, space, time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http://diplomukr.com.ua" diplomukr.com.ua - @0<>B=>5 8 :0G5AB25==>5 2K?>;=5=85 2A5E 284>2 =0CG=KE @01>B. !:84:8, >@838=0;L=>ABL, :>=B@>;L ?;0380B0, ?@O<>5 >1I5=85 A 02B>@><. Px  " bH#,9;=L@A>E$a$gdg%>EKTLpQlU>XY_adTj@mpvv|,pzʧ$a$gdg%Tز04R4j@z4` $a$gdg%PLVd^&$:dT$a$gdg%6Vf\,j &6:^$a$gdg%|"pL Jx@xxV|\ fZ!$a$gdg%!*')h+,-F../R8;DPILzR2U`fotwz8pޟ$a$gdg%ޟ|rl<bZ0D N$a$gdg%:Z@6Z    ,BNPTVZ\`bf$a$gdg%$a$gdg%fh$a$gdg%$a$gdY<սh" hxhY<hjhY<B*CJ aJ phhjhY<0JCJ aJ hjhY<0JCJ aJ mH sH .jhjhY<B* CJ UaJ mH phpsH 4jhjhY<B* CJ UaJ mH phpsH hjhY<B* CJ aJ php21h:ps). A!"#$% ADyK F: // . /bas1.htmlxr:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas1.htmlADyK F: // . /bas2.htmlxr:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas2.htmlADyK F: // . /bas3.htmlxr:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas3.htmlADyK F: // . /bas4.htmlxr:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas4.htmlADyK F: // . /bas5.htmlxr:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas5.htmlADyK F: // . /bas6.htmlxr:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas6.htmlADyK F: // . /bas7.htmlxr:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas7.htmlADyK F: // . /bas8.htmlxr:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas8.htmlADyK F: // . /bas9.htmlxr:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas9.htmlDDyK F; // . /bas10.htmlzt:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas10.htmlDDyK F; // . /bas11.htmlzt:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas11.htmlDDyK F; // . /bas12.htmlzt:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas12.htmlDDyK F; // . /bas13.htmlzt:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas13.htmlDDyK F; // . /bas14.htmlzt:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas14.htmlDDyK F; // . /bas15.htmlzt:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas15.htmlDyK yK Jhttp://diplomukr.com.ua/yX;H,]ą'cB@B 1KG=K9CJ_HaJmHsHtHBA@B A=>2=>9 H@8DB 0170F0\i@\ 1KG=0O B01;8F0 :V 44 la .k@. 5B A?8A:0 8U@8 g% 8?5@AAK;:0 >*ph4O4 g%size1dd[$\$4O4 g%size3dd[$\$D^@"D g% 1KG=K9 (251)dd[$\$L@2L Y<5@E=89 :>;>=B8BC;  E$J @BJ Y<86=89 :>;>=B8BC;  E$FoQF Y< =0: =0:3CJ_HaJmHsHtHt (4E  2 MQl H5:lP |!!0"R"i""o##')})*J+1,,,.../3n333F6|67L888A:p:;;0=\???>@YAABCCqDFHhII?JJ4KKPERTVnXYZg[2`GbcadeeCf[f}fffh|ifjjJk>mnunnqNrstuowxFzz{{"|}QV_݃̇~7Cȏ6ȑg̓n˔7sDқ9֜ ¨9i,vC۱˲ojCSļľMf@:HFCD"`FzrD3./61    5;!"%(?+,,r.~14C:H:;?@D7FGJMOGQSTqWzW2YT[s]-_#d[eOij&jjkklmoCooJppprusftXv/w"y} ߉$(ǘJ(OHawEP6¹ӹںZT(AjT;lv.RWIY&)UK-V0(rl3FVAs<Ou$SWli+PZ!w' Ne;pL#&'S)-[/12C46;<>>@DG4IJN/O+R?RVVWY%Z\]_v`aybPdfCgggggKhhi+jklll>oopqvrrsss%t&t(t)t+t,t.t/t1t2ttttt0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000@00l@00l@00l@00l@0@0@00l Z?BCFl=etPn6mڱ^dY>E!ޟf@DEGHIJKLMNA4Evy Pqt8WZ1QT7 B E tXXXXXXXXXXXXXXX 3DX _Hlt305702449 _Hlt305702477 _Hlt305715695atbtgtt@@@btcthttjuEP  E P 8 C OZ DGHOR]`j{  ""\"g"i"t"""""o#z#$$%%%%&&j'v'''(((((()#)**X+d+1,<, --[-a-.".///%////0000000s1}111111112O2Z23344K5V56666x77?8J8m8v8y8888n9y9::p:{:;;B<M<p<z<<<==>=I=??@@BBDDIIJJ4K>KzLL PPPP`TmTYY\\)]6]b]n]]]^^^^^_9_H_____``ccd"d:dEdee5fAfCgMg hh!h+hhhjk m*mmmmm8nBnnnnno(o+o3oaokooooooooooo qqBrLrrrrrssss/t6tCtKttttttt;uBuVu\uuuuu-v5vuv{vww^wfwwwxxluy=G$.67A ekguސ{7@Xh9Cªv BMͲز&=Ecnow˵ӵ&[fGW ƿ=F199EPb1D+|!6UjqbnJZ?Tbwr !%0<FITpS^?J        & 2   vx 18:?3:CI  *9y""%%%& &&)&/&O&T&&&'''''')#)-)?)\)g)))))~****N+]+++,/,I,X,,,--....001111`3f3Y4^4~556677N9[9i9r9;;=&=\@m@@@DE*F5F]FbFFFG GGGGGGGGHHI^JiJ-K2KKKL LLLMMMMSNXNNNPPX-XYY]]``dajasaxab2bbbbb(d-deeQf\fffff ggrg}ggggghhOiZiiiijj$jkkppvvvvvwwwzzzzzz~~KP PXц܆݆߇Ze̍׍2=6<ɒΒsy"TYȡP[.>ٸ ALznyjz{s~ <L#+4;}JR19T\Q\QYpz?IY`} KUs~fmWbdo;F "-07%02= bm]hx erLTDOw~1@HN`l'lsDKX`w~HOu|#+ck ;As{w#{OV "*NU BIow '-EN(/ '. *8Wa %fm~28W_}fn4Abjnv%CKJ U     l |   < B        !   + 3 W ^   ,4DLdlp~AI-4HPV\^oqyFN^fEN&-4_eowKQaj9A\d) 1 g o ! !@!H!!!!! ""n"u"##$ $$$%%&"&5&=&&&&&&&''(("()(- -F-N---$.+.//11u1|1112 2Z3r3M4X4445555O6^666V7_7|8888 999999::<<H<N<<<==o=w===z>>>>%?+?v?~???@@@%@T@_@@@XA`AAA(B.BEBMBDD%E-EEE FFFFFFGGRRRiStSSSTTTTUUVVVV*X-X]]^^_ _,`7```````c%c(c5cccccyd|dddee@fLfgggg+j4jjjjjjjnl{ldojolorotoyo{oooooo.p6p[pcpqr&r6rjrsrss&t&t(t(t)t)t+t,t.t/t1t2t[tcthtjttt'(?A #.J_%%>,J,==:CBCCCFFK2KSKK\\^^,^3^hh/kHk=rAr?vBv0w=wwwx-yrx`kћ~ѭܭu%t&t&t(t(t)t)t+t,t.t/t1t2ttt5Ull&t&t(t(t)t)t+t,t.t/t1t2ttttt ,>B0KbKi o" s)Y<xg%&t(t+t.t1ttt@@X43{:tnUnknownG:Ax Times New Roman5Symbol3& :Cx Arial"1h%k!g ]f@t]f@t!x4rr2qHP)?s)2;53 pdmitrukOh+'0l  ( 4 @LT\d Normal pdmitruk2Microsoft Office Word@d@n?@{]f՜.+,D՜.+,0 hp|  t@r'   X  8@ _PID_HLINKSA `}I*A..\..\:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas15.html|I'A..\..\:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas14.html{I$A..\..\:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas13.htmlzI!A..\..\:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas12.htmlyIA..\..\:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas11.htmlxIA..\..\:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas10.htmlr@..\..\:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas9.htmls@..\..\:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas8.html|@..\..\:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas7.html}@..\..\:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas6.html~ @..\..\:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas5.html @..\..\:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas4.htmlx@..\..\:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas3.htmly@..\..\:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas2.htmlz@..\..\:=838 4;O 48A:0/181/%0110@4 . >= A=>2K <KA;8/bas1.htmlhttp://diplomukr.com.ua/  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~Root Entry F@{Data 1TablezWordDocument4(SummaryInformation(DocumentSummaryInformation8CompObjq  F Microsoft Office Word MSWordDocWord.Document.89q