Bernard Marillier Le Svastika

OO j 7Ta]PaS BPaX[[XTa jjj

&=2*41- ,: .-: *>3>./6:- +>1-89-!1- 8;)89/0) .)/9 94:73-7 1- 243,- ,439/1 7-57>8-39- 1-8 ,-:< 5?1-8 45548>8#

EPaSub

A: HK6HI>@6

9J )6)% 6JI:JGaBGRGMLQ Q

()

5DPU ND FQNNHFVKQPl 7>7A>DI=oFJ: 9:H HMB7DA:HmC SN

5DPU ND FQNNHFVK\Pl >KPQRNH

G BCQ CQ BC 7 BS CbdXeX ST Q GOSC J

5DPU ND FQNNHFVKQPl "*#"$"!%"$ m

)12&912 BCQ RC JG

)12&912 BC J A C C

)12C912 BCQ)12C912 BS QFGLRd

)12C912 BCQ ML

)12C912 BCQHC OSCQ

)12&912 BCQ 4LBM$1 CLQ

)12&912 BC J S$)12C912 BCQ G GLEQ

#%,*",$ )",&((&%,

(% -/"-.&"

HePbcXZP ST UTdX[[Tb S"PRP]cWT&S"P_aub [P bch[XbPcX^] ST 8^aS^dT(

+",$5-3& adT ?d[Tb9d\Tb]X[

./-3* EJ>H:6JL

9p?n E6GJ 96CH A6 BqB: 8DAA:8I>DC

6[PX] 9P]Xv[^dC

9p?n E6GJH 96CH A6 8DAA:8I>DC l7>7A>DI=oFJ: 9:H HMB7DA:Hm

IaXbcP] APUaP]RWXb 9PeXS H7C ,201+.+/-,&SP]b [P R^[[TRcX^] !7XQ[X^cWudT STb bh\Q^[Tb! #[HHC +,.+-1,*$(

k pSXcX^]b EPaSub& EdXbTPdg& +331>H7C ,201+.,0,2

%

=NDSWH GH JDTPDFJHOHPV #RJDNaTH$ GH ETQP[H #>QTPTPH&3KQPH$VHPGDTG FWNVWHN GH ETQP[H JKVVKVH

!

>]ca^SdRcX^] 1

8=6E>IG:>HJG A:H IG68:H 9J HK6HI>@6 ++

&% JMEGC CR NRGML BS ++% CR GML BS R +.

8=6E>IG: >>A: HK6HI>@6 G6ID>G: (

+( Z C ^ ,+% C ,0(% CQ LRQ ,3)% C CLR AC RC$AC ECCR JC @MJC BS S -+*% C J \RMGJC NMJ C CR J C QC +*+% C # JC LE$R LE CR JC C -.,% CQ BCS Q CR J BMS@JC QNG JC %% -2

#"

7TKNNH GH UQWRKTDKN FJKPQKU

,

4TQKY QTPDPV WPH RKHTTH VQOEDNH FJTb&VKHPPH 2TVUFDPGKPDXH% A88KH&A8@HUKaFNHU

2WVHN GH RKHTTH TQODKP GW OWUbH GH?QWNQWUH

8=6E>IG: >>>A: HK6HI>@6 9:H E:JEA:H:I 9:H 8>K>A>H6I>DCH .-

&% C Q CL C G RGOSC .-% C G J 1 LRGOSC# a JCCR CQ JGC ,((% Q Q JC C ,.

8=6E>IG: >KA: HK6HI>@6 :I A:H 6JIG:H HMB7DA:H

&% C RG # JC CS CR J AJ 0-% C QR # JCQ JC CQ7 CRVP\\P& CR J aOS -/(% C QR F JBGOSC CR GLQGELMJMEGOSC 1+)% CQ LRCQ BS QRGCLQ CR RQ OSCJOSCQ Q @MJCQ CLRaQ..

7XQ[X^VaP_WXT (

%$

&$

2TOHU IHTODPKSWHU

w)LR^

\8>$

(988>$

%WR (&

%01\8>$

58>$WR\\

8>$c

8>$d(((

6HT G"WPH NDPFH VTQWXbr :QXHN #@QNMZPKH$

6HT GH JDFJH EWTIQPGH #@H UKaFNH$

0

6ac RT[cXdT( 7aXcP]]XdT(

7HTODPKSWHU

>WbGQKUHU

6]Sav5 Ra^Xg ST bPX]c EXTaaT& Ra^Xg Sd 8WaXbc X]eTabvT5 Ra^Xg STbPX]c 6]c^X]T ^d Ra^Xg T] I ^d cPd& TcR($( 9P]b d] cT[ R^]cTgcT& aXT]S"vc^]]P]c r RT dT [P Ra^Xg& S^]c [T RWXUUaT Tbc . #[P _[v]XcdST Tc [Pc^cP[Xcv$& T] :da^_T& STeXT]]T [T bh\Q^[T _Pa TgRT[[T]RT Sd [XT]T]caT [T 8XT[ Tc [P ITaaT& bXV]T ST [P _avbT]RT SXeX]T bT \P]XUTbcP]cPdg Ra^hP]cb Tc lPVT]cm âVP]XbPcTda ST [P \PcXuaT& PX]bX dT [T]^cT ?PRdTb 9dRWPdbb^h& RPa [P Ra^Xg

l_Tdc& r ["âXVX]T& bT bh]cWvcXbTa _Pa [P aT]R^]caT ST [P STbRT]cTST ["Tb_aXc SXeX] #[XV]T eTacXRP[T$ Tc Sd _[P] ST [P \P]XUTbcPcX^]&[P bWPZcX& [P BPhP& [P KXTaVT BuaT& [P CPcdaT bT[^] [T e^RPQd[PXaT_avUvav #[P [XV]T WâXi^]cP[T$m( ! C CR ML BCQ MQC$ M %"

AP Ra^Xg ve^dT [P eTacXRP[Xcv Tc ["WâXi^]cP[Xcv( A"PgT& ^d _[P]eTacXRP[& aT]e^XT& bT[^] [Tb S^RcaX]Tb caPSXcX^]]T[[Tb& r [P bd_Ta_^bXcX^] WXvaPaRWXdT X]SvUX]XT STb vcPcb \d[cX_[Tb S^]c

lRWPRd]& T]eXbPVv ST \w\T SP]b b^] X]cvVaP[Xcv& Tbc d] ST RTbT]bT\Q[Tb ST _^bbXQX[Xcvb bT aP__âcP]c r PdcP]c ST !\^]STb!&^d ST STVavbm( #GT]v

] B N%["Tb_aXc V[^QP[ ST ["Wd\P]Xcv S^]c ["T]cXcv bd_aw\T Tbc [P# [T EaX]RX_T eXcP[ N((( A Pbb^RXvr KXbW]d!&

#A^dXb ;avSvaXR&0GA G C BC J AG GJGQ GLBGCLLC%"Tc ["PgT WâXi^]cP[ UXVdaP]c [P lbdaUPRT STb TPdgm _aX\âSXP[T ^d

# [T _aX]RX_T Uv\X]X])_PbbXU& [P \PcXuaT d]XeTabT[[T _PbbXeTbda [PdT[[T PVXc ["PRcXeXcv caP]bRT]SP]cT Sd 8XT[(

AP bTR^]ST b"^_uaT _Pa [P UdbX^] STb dPcaT QaPb ST [P Ra^Xg Tc SdRT]caT( X[ b"PVXc T] UPXc Sd dPcTa]PXaT& QPbT \w\T ST [P l\PcXuaTR^b\XdTm STb _T]bTdab P]cXdTb Tc \vSXvePdg& dX UPXc P__PaPxcaT[Tb STdg QaP]RWTb R^\\T dPcaT #RWXUUaT ST [P c^cP[Xcv& Sd b^[XSTTc ST [P _[v]XcdST$ ST\XQaP]RWTb SXaTRcX^]]T[[Tb PVXbbP]c b^Xc bdad] _[P] b_XaXcdT[ b^Xc bda d] _[P] bT]bXQ[T4 [Tb dPcaT SXaTRcX^]bb_PcXP[Tb& [Tb VdPcaT STVavb ST ["X]XcXPcX^]& [Tb dPcaT HPVTb _aX\âSXPdg ^d peP]Vv[XbcTb& [Tb dPcaT v[v\T]cb Tc [Tdab dPcaT dP[Xcvb #PXa& cTaaT& UTd Tc TPd bTR& Ua^XS& RWPdS Tc Wd\XST$& [Tb dPcaTU[TdeTb ST ["pST] ^d Sd EPaSub XaP]XT]& TcR(& dX _TdeT]c _PaPxcaTb"^__^bTa [âbd"^] [Tb R^]bXSuaT Xb^[v\T]c& \PXb dX c^db ca^deT]c [Tda âXVX]T Tc [Tda TbbT]RT SP]b [T 8T]caT& [TdT[ Y^dT& T] 6bXT#8WX]T& IXQTc& TcR($&[T az[T Sd RX]dXu\T v[v\T]c& ["vcWTa( X[ R^]cXT]cc^db [Tb PdcaTb T] lvcPc _aX\âSXP[m dX _avRuST [P SXUUvaT]RXPcX^](Hh\Q^[XdT\T]c& Pd RT]caT ST [P Ra^Xg& [Tb SdP[Xcvb bT aP\u]T]cc^dcTb r ["J]Xcv& [Tb ^__^bXcX^]b bT avb^[eT]c& RPa [Tb P__PaT]cTb ^__^bXcX^]b ]T aT[ueT]c _Pb ST ["J]Xcv \PXb ST [P R^]]PXbbP]RT T]\^ST SXbcX]RcXU( :]UX]& [P Ra^Xg bT RPaPRcvaXbT _Pa d]T STa]XuaT eP[Tda& [P eP[Tda PbRT]bX^]]T[[T& dX ["P \PX]cTb U^Xb UPXc PbbX\X[Ta rj _^]c& r d] PaQaT ^d r d]T vRWT[[T& X\PVT UP\X[XuaT Pd B^hT]6VT& vRWT[[T _Pa ^{ [Tb P]VTb Tc [Tb s\Tb STb \âcb \^]cT]c eTab9XTd& r ["TgT\_[T ST ?PRdTb ST HPa^dVBT bXuR[T$ dX _avbT]cT [PRa^Xg vaXVvT R^\\T d]T vRWT[[T T]caT [T 8XT[ Tc [P ITaaT( GP__âcvTr d]T b_WuaT Rv[TbcT ^d cTaaTbcaT& [P _a^YTRcX^] STb STdg PgTb ^d_[P]b SXaTRcX^]]T[b U^da]Xc d] bhbcu\T âcW^V^]P[ R^\_[Tc4 [PRa^Xg b_PcXP[T ST ]PcdaT R^b\^V^]XdT r bXg SXaTRcX^]b( J]T Ra^XgeTacXRP[T Tc _Ta_T]SXRd[PXaT& S"âXT]cPcX^] ]âS) bdS& ["PgT _^[PXaT&Tc Tbc) ^dTbc& ["PgT vdX]^gXP[& ["v[v\T]c \PbRd[X]) PRcXU Tc Rv[TbcT&S^]c [T Ra^XbT\T]c bT bXcdT Pd RT]caT ST [P b_WuaT& Tc [P Ra^Xg WâXi^]cP[T dX X]ca^SdXc [P \TbdaT Sd IT\_b & R^dRWvT bda["vR[X_cXdT ^d _[P] vdPcâXP[& [T l_[P] S"TPdm Uv\X]X] Tc _PbbXU&SvUX]XT _Pa [T Ra^XbT\T]c Pd l_^X]c iva^m&[T 8T]caT c^cP[XbPcTdaSTb PgTb vdX]^gXP[ Tc b^[bcXRXP[( AT c^dc S^]]T [PG JCrca^Xb SX\T]bX^]b4 ca^Xb PgTb #_^[PXaT& b^[bcXRXP[ Tc vdX]^gXP[$ Tc ca^XbRa^Xg #eTacXRP[T ^d VaTRdT& WâXi^]cP[T ^d ST bPX]c 6]Sav Tc r bXgSXaTRcX^]b& ^d RWaXb\T$(

2/3/3%7)07/9/

=QNDKTH&&TQNDKTH

Y

( &%3

8a^Xg] b_PcXP[Tm(

8a^XgVaTRdT(

Y8a^XgST bPX]c6]Sav(

%8WaXb\T(HePbcXZP(

Da& [P Uâ\T [P _[db PRWTevT ST Ra^Xg WâXi^]cP[T Tbc [TQ Q^d # _PaU^Xb ]^\\vT lRa^Xg _^[PXaTm ^d lRa^Xg c^da]P]cTm&dX bT SXbcX]VdT c^dc _PacXRd[XuaT\T]c _Pa bP Uâ\T âXVX]P[T& e^XaTbda_aT]P]cT r cT[ _^X]c dT RTacPX]b PdcTdab ]T [P R^]bXSuaT]c_Pb R^\\T d]T eaPXT Ra^Xg & Tc _Pa b^] bh\Q^[Xb\T r ]d[ PdcaT_PaTX[( HT[^] [Tb cWvâXTb& S^dcTdbTb& ST?( 8WdaRWfPaS& dX T] UXc["T\Q[u\T b^[PXaT ST ["P]RXT] T\_XaT ST Bd& ePbcT R^]cX]T]c dXbT bTaPXc bXcdv SP]b ["^RvP] EPRXUXdT& [T bePbcXZP ]T bTaPXc d"d]TUâ\T SvaXevT _a^VaTbbXeT\T]c& _Pa \d[cX_[Tb vcP_Tb RâaTb_^]SP]c r PdcP]c ST _aXbTb ST R^]bRXT]RT bdRRTbbXeTb& ST [P Ra^XgbX\_[T& S^]c ]^db Pe^]b _Pa[v _[db WPdc& aT_avbT]cP]c [Tb dPcaTSXaTRcX^]b ST ["Tb_PRT Tc [Tb dPcaT VaP]STb UâRTb _aX\PXaTb& r [PdT[[T Udc PY^dcv& _Pa [P bdXcT& d] RTaR[T& aT_avbT]cP]c [T 8avPcTda&S^]]P]c d]T la^dT b^[PXaTm& bh\Q^[T ST ["|deaT Sd H^[TX[ ^d Sd\^]ST V^deTa]v _Pa [P [d\XuaT& _^da UX]P[T\T]c bT \dTa T] bePbcXZP _Pa [P bd__aTbbX^] Sd RTaR[T& ["^deTacdaT Tc [T _[XPVT STbQaP]RWTb& bh\Q^[XbP]c [P \PaRWT T] PeP]c Tc ["ve^[dcX^] R^]bcP]cTST [P a^dT ST [P eXT( :[[T PdaPXc vcv ["T\Q[u\T S"d]T aT[XVX^] d]XeTabT[[T b^[PXaT& _aX]RX_T S"d]Xcv& ST eXT Tc S"PRcX^] RavPcaXRT( H^]bh\Q^[Xb\T Vv]vaP[& bdVVvav S"PX[[Tdab _Pa bP Uâ\T\w\T(XdXX\_^bT r ["Tb_aXc d]T ]TccT XSvT ST Sh]P\Xb\T& X\_[XdT c^dcTU^XbRT[[T ST \^deT\T]c& ST a^cPcX^]& Pdc^da S"d] RT]caT UXgT Tc X\\^QX[T& ST ]PcdaT avT[[T ^d b_XaXcdT[[T& \PXb S^]c ["Pb_TRc Tbc _^[PXaT Tc ]^] S"PQâS b^[PXaT& R^\\T [T e^d[PXc 8WdaRWfPaS&RT RT]caT _^deP]c wcaT S"PX[[Tdab RT[dX Sd \^X S"d] wcaT \P]XUTbcv&d] wcaT Wd\PX] _Pa TgT\_[T& R"TbcrSXaT ST b^] X]SXeXSdP[Xcv(8TccT XSvT ST a^cPcX^] Tbc _aTbdT TgR[dbXeT Pd bePbcXZP& Tc RT&R^]caPXaT\T]c Pdg PdcaTb Uâ\Tb RadRXP[Tb dX R^]]^cT]c _[dczcd]T XSvT ST bcPQX[Xcv& ST] UXgPcX^]m& S"T]aPRX]T\T]c SP]b [P \PcXuaT RavvT( Hh\Q^[T ST [P \P]XUTbcPcX^] RhR[XdT& S"PRcX^] _^bXcXeT Tc ST avVv]vaPcX^] _Ta_vcdT[[T& [T bePbcXZP aT_avbT]cT PdbbX [TbUTdg Qv]vUXdTb& \PcvaXT[ Tc b_XaXcdT[& [T _aT\XTa ]"vcP]c S"PX[[TdabdT [T aTU[Tc cTaaTbcaT Sd UTd PaRWvch_P[ Tc bdQ[X\v Sd 8XT[(

HePbcXZPVTa\P]XdTb(

"!

BSdTdW[UdgefzIgdcg[WM?KWe[yU^W)8a[eeUg^bfz SdSTW MKWe[yU^W)8a[eeUg^bfz BSdaU M?We[yU^W)

)& %" (& !" #$ * (#$

9>7E?IG; ^

! 4 ,),&% ,+ " "

% MJMEGC

. WfWd_W VW $ egTefSf[X fag\agde _SeUg^[ W XdSxS[ebdah[Wf VW fda[e _afe eSe]d[fe5 PR$ dSV[US^ cg[ e[Y[X[WpT[Wq pTaq pWjUW^^Wfq V#a ^We _afePRRG pbdaebydWqWf pTaZWgdq QG$.y_W bWdeaW Vg e[Yg^[Wd VW ^#[V[USf[XbdzeWf Vg hWdTW$p{fdWq ag pUW^S Wefq)e[_[^S[dW VgP VWe AS(f[e Wf VgCG VWe =dWUe Wf egXX[jW X[[eeSf ^We egTefSf[Xe) AWfWd_W bWgf eW fdSVg[dW bSd pUW cg[ Wef T[Wq pUW cg[ Wef WjUW^^WfqVze[YSf VW UW XS[f g e[YW p VW h[W ZWgdWgeWq ag VW pTa Sg(YgdWq VaSf bSd UaezcgWf Sg ehSef[]S g USdSUfydW WffW_Wf

9da[j zfZ[ab[WWegd bSdUZW_[ M?MWe[yU^W)

,,

IZyTWe>SgfW(tYkbfW)

(F !2$F ($!# (

% %%(

HHELHHHHHH %! H#FHHHH)H )HH% !#F 5)#(!% !;HHH33 !%F)HHH(

()))) nn ))Rm.8S^gefdSVWUZ[a[eWv ehSef[]S)

IZyTWe>SgfW(tYkbfW)

bae[f[X TzzX[cgW Wf bdab[f[Sfa[dW USdSUfydW cg[ ^g[ Xgf fag\agde fdS(V[f[aW^^W_Wf SffSUZz Wf cg[ bWde[efW WUadW VW ae \agde W 7e[W$@Sba 9Z[W Wf I[TWf% _S[e Sgee[ W ;gdabW egdfagf W A[fZgS([W W

ad[Y[W) 7[e[ ^We 7Y^S[e ^SL E PPag GPQJC A PP$^We ;ebSYa^eE A $^We ?fS^[WeE A MAC$ Cag A AG RLGAGL C$Wf ^We

HhSef[]SUdzfa[e)

HhSef[]SUa_baez VW cgSfdW S[^We)

VWe ehSef[]S laa_adbZWe b^ge dSdW_Wf SfZdaba_adbZWe $UX)UZSb[fdW ?Ko /%)

J ^#[efSd Vg ehSef[]S adV[S[dW ^We ad[WfSf[ae VW fage UWe fkbWeVW ehSef[]S bWghWf {fdW ea[f VWjfdaYkdW ea[f ezWefdaYkdW Ug_g(^Sf VaU v ^S Xa[e ^W ek_Ta^[e_W ^[z v ea ad[WfSf[a ea^S[dW agba^S[dW eWâ ^W USe Wf ^W ek_Ta^[e_W ^[z v eS Xad_W Wf* ag v ^S X[(YgdW cg[ ^W UZSdYWf)

(& GLC CQ QGML BR P PQG

% BR PA#ad[Y[W Vg ehSef[]S eW bWdV VSe ^S g[f VWe fW_be) [^ Xgf ^#g

VWe b^ge SU[We e[YWe W_bâkze bSd VW a_TdWgj bWgb^We) HSe[Y[X[USf[a ^S b^ge XdzcgW__Wf dWfWgW bSd ^We SgfWgde _a(VWdWe Vaf TWSgUagb XgdWf [X^gWUze bSd ^We fZzad[We VW@)9ZgdUZiSdV $UX) [fdaVgUf[a% Wef V#{fdW g e[YW ea^S[dW Sâdecg#[^ Wef V#STadV ^W e[YW Vg E~^W) AS fdSV[f[a W dW_afW v ^#?VWSdkW^_W Wf ^We fWjfWe TdSZ_S[cgWe $(0++% [eege Vg hzV[e_W agedzhy^Wf cgW ea ad[Y[W Wef Xadf SU[WW) :[dWUfW_Wf [eeg VW ^SIdSV[f[a bd[_adV[S^W ek_Ta^W [Yz Vg _aghW_Wf Y[dSfa[dW cg[_Wgf zfWdW^^W_Wf ^S UdzSf[a Wf [_SYW Vg Ed[U[bW cg[ S[_W ^SfafS^[fz Vg IW_be Wf VW ^#;ebSUW) AW e[YW SbbSdS|f VSe UWffW hSefWS[dW Ug^fgdW^^W cgW Uaef[fgW ^#;gdSe[W v ^#WjUWbf[a VW ^#DUzS[W_S[e ShWU V#[_badfSfe bdaâYW_Wfe VSe ^#WebSUW _zV[fWddS(zW Wf egd ^We Uaf[Wfe S_zd[US[ Wf SXd[US[) HWe b^ge SU[WWefdSUWe UagWe VSfWf VW ^#zbacgW VW ^S b[WddW ba^[W $za^[fZ[cgW%v bSdf[d VWe K?^^W Wf K?^W _[^^zS[dWe) D ^W dWUafdW [U[ez ag bW[fegd VWe egbbadfe ^[fZ[cgWe VWe bafWd[We Wf VWe XgeS}a^We) HaGXakWdad[Y[W^q Xgf b^SUz eWâ ^We SgfWgde VSe ^We UafdzWe ^We b^ge V[(hWdeWe5 ^We d[hWe VW ^#>W^^Webaf $IdaSVW% VSe ^W CadV VW ^#?fS^[Wag WUadW VSe ^We hSefWe dzY[ae VSgT[WWe) A#ZkbafZyeW VgGXakWd g[cgWq Xgf fagfWXa[e dWbageezW bSd _S[fe SgfWgde bagdShSUWd ^#[VzW cgW ^W e[YW W cgWef[a S bg {fdW p[hWfzq W b^g(e[Wgde WVda[fe Vg YâTW eSe ^[W WfdW Wgj bagd Weg[fW _[YdWdVSe fagfWe ^We V[dWUf[ae) 9WbWVSf UWffW fZyeW b^gd[âUS^W Wef[eagfWST^W e[ a f[Wf Ua_bfW v ^S Xa[e VW ^S Ua_b^Wj[fz Xad_W^^WVW ^S X[YgdW Wf VW ea ek_Ta^[e_W fdye bSdf[Ug^[Wd TSez age^#Shae V[f egd ^#[VzW VW dafSf[a Sgfagd V#g SjW X[jW) 7 ^S V[XXz(

!#

dWWW V#SgfdWe ek_Ta^We Ua__W ^W UWdU^W ^S Uda[j e[_b^W ^W ba[fVaf ^We Xad_We e#[_baeWf ebafSz_Wf ^W ehSef[]S #Wef bSe ge[YW z^z_WfS[dW baghSf Sha[d zfz p[hWfzq Wf pdz[hWfzq v^#[X[[ W fage ^[Wgj Wf W fage fW_be) EdW_[Wd e[YW fdSUz ShWUgW [fWf[a eb[d[fgSâ(_SY[cgW Wf baeezVSf g eWe UaefSf^W ehSef[]S W VWh[f g[hWdeW^ cg#v ^S eg[fW VW ^S _[YdSf[a Wf VW^#zbSdb[^^W_Wf Vg bWgb^W cg[ W Xgf ad[Y[W^^W_Wf ^W Vzbae[fS[dW^W V[XXgeSf Sg Xgd Wf v _WegdW VW ea ShSUW) A#[VzW VW Y[dSf[acg[ e#SffSUZW Sg ehSef[]S [_b^[cgW zUWeeS[dW_Wf ^#Wj[efWUW V#gba[f YzaYdSbZ[cgW bdzU[e Vg _aVW bSd a bg[eeW eW XS[dW UWffWdafSf[a ^ScgW^^W bWgf {fdW Wh[eSYzW fSf egd g b^S dzW^ cgW egdg b^S eb[d[fgW^) Dd ^S âUS^[eSf[a V#g fW^ ^[Wg W bWgf eW XS[dWcgW bSd dSbbadf v ^S dafSf[a V#gW ebZydW fWddWefdW ag Uz^WefWVaU v g SjW hWdf[US^ V#ad[WfSf[a adV*egV ^#SjW adV[Ua(ba(^S[dW p^#SjW Vg BaVWq VWe 7U[We ^v a eW e[fgW eWâ ^We Sg(fWm^ê Sf[cgWe ^S pUaâW Uz^WefWq egd ^ScgW^^W bdWV Sbbg[^#;fa[^W ba^S[dW

pUSd U#Wef Sgfagd V#W^^WcgW fagdW ^W U[WÎ % JMEGC BCP%ELCP$ BCP P CQ BCP 1JCP$eage ^S V[dWUf[a VW E[WddW =d[_S^)%

9W ^[Wg adV[Ua(ba^S[dW ag TadzS^ age dWha[W v UW Xâd[eeSf ZS(T[fSf SdUf[cgW Vaf ^W eaghW[d e#Wef UaeWdhz VSe ^We fdSV[f[aeVW ^S cgSe[(fafS^[fz VWe bWgb^We) ?^ Wef ^W p9WnfdW egbd{_W Wf bd[(_adV[S^q (^W RBC [V[W ( a dyYW ^#7YW V#Dd (^WG %

E [V[W cg[ VgdS ,2-3+++ Se ( ZST[fz bSd VWe pZa__WefdSebSdWfeq eWâ >zdaVafW ^S pdSUW Sgj ae _ageq VWe 9Z[a[eTWdUWSg VW ^S dSUW T^SUZW Wf VW ^#Zg_S[fz fagf Wf[ydW Uaef[(fgSf gW eWg^W USefW ^S USefW% _af [V[W Vze[YSf ga[eWSg _kfZ[cgW _S[e Sgee[ ^W UkYW a[eWSg adV[cgW Wf _afgdWVW a_TdWgj V[Wgj ^g_[Wgj Ua__W 7ba^â DVZ[ WfU) Wfegdfagf 8dSZ_w ^W _S|fdW Vg 9[W^ Wf Vg ehSef[]S ( Vzbae[fS[dW VW^S 9aS[eeSUW egbd{_W Wf VW ^S dzhz^Sf[a a Zg_S[W 26#364*:+,!$ HWâ ^We fdSV[f[ae UWffW UafdzW badfW VWe a_e V[hWde5U#Wef ^W %B $ p^#?^W VW ^S eb^WVWgdq VWe 7dkWe Wf VWefWj We hzV[cgWe ^W pbSke VW ^S ^g_[ydW Wf VW ^S Yâ[dWq UZ[a[e agp^#?^W VWe FgSfdW BS|fdWeq VW ^#;_bWdWgd NSa VWe fSa}efWe ^SpIWddW eSe ^We g[fe fWdd[X[SfWeq VWe 9ZS^VzWe ^W VWeCadV[cgWe J $ ^S pIWddW T^SUZWq VWe EdzUaâ_T[We ^WCB N VWe ?VW(SdkWe e[fgz VSe ^S p_Wd T^SUZWq a dze[VW

^W TâV K[eZg eWâ ^W&/#26309" Vaf ^#W_T^y_W Wef ^W ehSe(f[]S ^S ag ] VWe =dzUa(da_S[e dakSg_W VW HSfgdW*9da(ae e[fgz VSe ^SG_Wd Vg CadV Vg BaVWq eWâ E^[W"0GPQ&

$ âUS^[ezW eage ^S =dSVW DgdeW b~^W eb[d[fgW^ Vg _aVW aeW fdaghW ^S pBafSYW ba^S[dWq ^S pBafSYW T^SUZWq^W Baf

"!&n+C@=>7 6C

=

=,z(e[aVW" CP CQ JCPHMR Wf) -*,()(%+&VWe fda[eER pfW(VSUWeq $ ^S bgdW WeeWUW e ^#zWdY[W bae[f[hW Wf$^S bSee[h[fz%) AWe _W_TdWe VW UWffW dSUW TadzS^W W UaS[eeS[WfcgW VWgj fkbWe VW Ua_badfW_Wfe Ua_b^z_WfS[dWe5 ^#[VzfWd(_[Sf[a bSee[hW bSd dSbbadf Sg Ed[U[bW eWg^ Wf ^#[_bWd(eaS^[fz SUf[hW LE#XSUW Sg 9ae_ae) A#ZSd_a[W Wj[efSf WfdW^W Ed[U[bW egbd{_W Wf ^#Zg_S[fz bd[_adV[S^W WfdS|S[f bagdUWffW VWd[ydW g zfSf ebzU[X[cgW ^#7VdaYk[W cg#W^^W VWhS[fbWdVdW âde VW eS dgbfgdW ShWU ^W Ed[U[bW ad[Y[W^ bg[ecgW SâdebSd ^S b^z[fgVW VW ^#J[fz XaVS_WfS^W bd[U[b[W^^W ( Xge[aShWU ^S dzS^[fz V[h[W ( cg[ dzYS[f #Wj[efW SgUgW VgS^[fz%

E$ PGLEVW ^#SÛZ[_[W UZ[a[eW Xz_[[(_SeUg^[ a(_S[XWefz*_S[XWefz T[W(_S^ WfU)% SgUgWV[XXzdWU[Sf[a ag V[ef[Uf[a VW SfgdW bZke[cgW bekUZ[cgW ageb[d[fgW^^W) :W a_TdWgeWe fdSV[f[ae WgdabzWWe Wf a Wgda(bzWWe af dSbbadfz UWf zfSf [[f[S^ VW ^#Zg_S[fz Wf ^#af VzUd[fWf [^^gefdz VW _g^f[b^We _S[ydWe ^S b^ge SUZWhzW zfSf UW^^W VW^#[UaaYdSbZ[W Z[VagW cg[ ^W dWbdzeWfW bSd HZ[hS [VWf[X[z Sgbd[U[bW [Xad_W^ VW ^S BS[XWefSf[a W^SxSf zfda[fW_Wf HZS]f[eS bdabdW bg[eeSUW X[YgdzW eage ^S Xad_W V#gW V[h[[fz Xz_[([W) AW ek_Ta^W _S\Wgd VW UWffW bzd[aVW zVz[cgW Xgf ^W ehSef[]SezWefdaYkdW _S[e ^W ehSef[]S VdWeez egd ^#gW VW eWe TSeWepUa__W ^W.+0)8" bdzU[eWf ^We fWjfWe Z[Vage Wf [__aT[^W dW(X^Wf VW ^S efST[^[fz VW ^#ZSd_a[W Wf VW ^S bWdXWUf[a V#g J[hWdecg#SgUgW [ha^gf[a #ShS[f WUadW WfSUZz S[e[ cgW ^W afW ^W

PFLR% $[^^W(?KWe[yU^W%)

% E ML BR P C7gj Wh[dae Vg bS^za^[fZ[cgW $,3+++(-++++% gW pdgbfgdWq

WfdW ^S dSUW bd[_adV[S^W Wf ^W Ed[U[bW egbd{_W eW bdaVg[e[f XS[(eSf zU^SfWd ^#7VdaYk[W ad[Y[W^^W cg[ ha[f S[e[ pe#SUf[hWdq eWebafWf[S^[fze VaSf ^[Wg Sg bdW_[Wd eUZ[e_W_zfSbZke[Ua(eb[(

!$

d[fgW^ VW ^#Zg_S[fz) AWe USgeWe W eaf VgWe eWâ ^We fWjfWe S(U[We v VWe p[X^gWUWeq z_SzWe VW ^#g[hWde egTf[^ VW ^#?Ua(fd~^ST^W ^We Za__We SkSf UzVz v ^#SffdS[f VWe UZaeWe _Sfzd[W^^WeWfv ^S haâfz eSUd[^yYW VW e#Sbbdabd[Wd UW cg[ W ^Wgd zfS[f bSeVWef[z eWâ Dh[VW) AWe fWjfWe Wf aVWe hzV[cgWe age V[eWf cgWVye UWf [efSf ^S pdagW [XWdS^W! VW ^#[ha^gf[a Uaddgbfd[UW VW^S _Sf[ydWv ^ScgW^^W fage ^We {fdWe Wf fagfWe ^We UZaeWe eWdS[Wf Vz(ead_S[e eag_[e eW _[f v Yd[UWd egd ea b[haf) 9WffW p UZgfW! (^W bzUZz UZdzf[W ( W baghS[f {fdW cgW fafS^W Vg XS[f cgW fage ^Web^Se VW ^S BS[XWefSf[a zfSf ^[ze ^S Vzh[Sf[a VWe ge W bWgfcg#WfdS|Wd ^S Vzh[Sf[a VWe SgfdWe

pW hWdfg V#gW ekfa[W WfdW g XS[f bZke[cgW Wf g XS[f _zfS(bZke[cgW6 ShWU ^W _{_W eWe cg#g VzeadVdW VW SfgdW dWX^zfSfg UWdfS[ XS[f V#adVdW eb[d[fgW^q)

$@g^[ge ;ha^S JQCAMLQ CJC MLBC BCC

AS dzha^fW VWe pZa__We [_b[We Wf Wh[Wgj WhWde ^W 9[W^ q S[e[cgW ^W bdzU[eW g fWjfW UZ[a[e e#SUUa_bSYS [zh[fST^W_Wf VWY[YSfWecgWe Tag^WhWdeW_Wfe Uae_[cgWe afS__Wf ^W TSeUg(^W_Wf VW ^#SjW fWddWefdW) AWe eagdUWe UW^fWe YWd_S[cgWe zYkb(f[WWe UZS^VzWWe UZ[a[eWe f[TzfS[We YdWUcgWe WfU) zhacgWffagfWe ^W VzdyY^W_Wf YzzdS^ SXXWUfSf ^W Uae_ae ^We Z[hWde d[(YagdWgj ^We Xâfe VzUZS|ze ^We WYâgf[eeW_Wfe VW fWddWe WfU)AW GLLGLEbdzU[eW cgW VWe fW_b{fWe VW W[YWe W_b{UZWf VW\ag[d Vg Ha^W[^ Wf cgW p ^S _Wd eW ^yhW W fW_b{fW Wf WYâgf[f ^SfWddWq)Eagd ^We 7dkWe V#?dS ^#% ^Ha$Wgd UafdzW V#ad[(Y[W Xgf ^S bda[W VW XSfSê Z[hWdeCLB_B B??%6 Wf Sâde p[^ k Wgf V[j_a[e V#Z[hWd Wf VWgj V#zfzq) :#SgfdWe fdSV[f[ae bSd^Wf pVW Y^SUWeWf VW hWfe Xda[Ve cg[ e#STSff[dWf egd ^W E~^W Vg adV Vg BaVWbSd ^S Ua^ydW VWe :[Wgj! fSV[e cgW ^S fdSV[f[a UZ[a[eW afS_(_Wf UW^^W dW^SfzW bSd ASa(IeWg bdzU[eW5

p^We b[^[Wde Vg U[W^ XgdWf Td[ezeP)))@)AS fWddW fdW_T^S VSe eWeXaVW_Wfe) 7g HWbfWfd[a ^We U[Wgj VWeUWV[dWf VW b^ge Wb^ge TSe) AW Ha^W[^ ^S AgW Wf ^We zfa[^We UZSYydWf ^Wgd UagdeWP ))) @)A#Za__W zfS[f dzha^fz UafdW ^W U[W^ Wf ^#g[hWde fa_TS VSe^W VzeadVdW) AW Ha^W[^ e#Seea_Td[fP)))- Wf ^S YdSVW ZSd_a[W VgU[W^ Xgf Vzfdg[fWq) " NRB&7) :aW^^kQJ P$ BGC PGL JRQJGAFC CJB) =dSWf CLP]CAFGLMGPC&

AS fWddW adV[Ua(ba^S[dW VWh[f [ZST[fST^W eW Uaghd[f VW Y^SUWWf Xgf ^S bda[W V#gW âYgW g[f) 7gee[ gW YdSVW bSdf[W VgbWgb^W TadzS^ e#Wj[^S fdSebadfSf V#zfSbW W zfSbW eS Ug^fgdW eWeUg^fWe eWe egbbadfe eb[d[fgWê afS__Wf UWdfS[We VazWe W_(bdgfzWe v ^S IdSV[f[a bd[_adV[S^W Wf eWe ek_Ta^We Vaf ^Wb^ge[_badfSf zfS[f ^W ehSef[]S) 7[e[ eW XWd_S ^W bdW_[Wd UkU^W ^#7YWV#Dd Wf e#aghd[f ^W VWgj[y_W ^W UkU^W V#SdYWf V#>ze[aVW ag ^W

9zdS_[cgW bWdeW K[^W e[yU^W)

HhSef[]S Uaef[fgz VW VWgj eWdbWfeT[UzbZS^We WfdW^SUze $Sdf adV[cgW%)

HhSef[]S UagVz Sgj Wjfdz_[fzeTag^zWe $Sdf adV[cgW%)

,2

14@9KBKA 67 AD4AB9:4 9zdaVafW K[dY[^W HfdSTa Dh[VW7B5%"#

9We e[fWe eW dWUafdWf Sgee[ T[W W ^ ;gdSe[W cg#W 7_zd[cgW)9W eaf ^We [a_TdST^We $ A] pW T^SUZWq ag pBafSYWT^SUZWq Ua__W W :SU[W pW AWg]zq UZWl ^We 9W^fWeJ@ W ?fS(^[W+C J VSUW pu^W ag IWddW VWe K[hSfeq pu^W Vg Ha^W[^q

UZWl ^We CSZgSe ^We Ia^fycgWe Wf ^We 7lfycgWe cg[ b^SxS[Wf^Wgd bSfd[W V#ad[Y[W VSe gW pIWddW VW ^S BWd Vg CadV q) AS VWe(fdgUf[a VW ^#7f^Sf[VW VzUd[fW bSd E^Sfa Wf :[aVadW VW H[U[^Wv ^Seg[fW VW aghWSgj USfSU^ke_We fW^^gdW(Uae_[cgWe afS__Wf ^SUSbfSf[a VW ^S AgW bSd ^S IWddW Wf ^#Sdd[hzW VW aghW^^We hSYgWeTadzS^We W bdahWSUW Vg p9WfdW ad[Y[W^q) XadUydWf ^We bWgb^WeVW ^S bdW_[ydW YzzdSf[a v eW dzbSVdW fag\agde b^ge egd ^S egd(

,3

XSUW Vg YâTW e#zfST^[eeSf ^W âY VWe U~fWe Sf^Sf[cgWe a hSe#zbSag[d ^S U[h[^[eSf[a _zYS^[fZ[cgW SffW[YSf ^S#bz[eg^W [Tz(d[cgW Wf Sg(VW^v ^#7Xd[cgW Vg CadV $^S 8WdTzd[W% ^#;YkbfW ^W Hag(VS bWgb^Sf ^#WeW_T^W VWe UWfdWe bdzZ[efad[cgWe $8S^zSdWeH[U[^W _Wd ;YzW WfU)% ShWU VWe pbageezWeq W V[dWUf[a VW ^#DgWefSXd[US[ $X^WghW C[YWd Wf UWfdW Vg BS^[%) ; ;gdabW [ê bWgb^ydWf^#;gdabW 9WfdS^W ^S dzY[a VSgT[WW dzbgfzW {fdW ^W pTWdUWSgqVWe ?Va(;gdabzWe bg[e ^W I[TWf ^#?VW ^S 9Z[W Wf WX[ ^W @SbaUa__W W fz_a[YW ^W bWgb^W T^SU VWe 7}age Vaf ^We VWgje[YWe XaVS_WfSgj eaf ^#agde Wf ^W ehSef[]S) EdzU[ez_Wf ^Wek_Ta^W cg[ p_Sfzd[S^[eSq egd ^W fWddS[ UWffW p âYgW _SdUZWqadV[Ua(TadzS^W Xgf ^W ehSef[]S) 9#Wef g XS[f cg#ShSf ^S YdSVW _[(YdSf[a ^We eWgê e[YWe Uage VW ^#Zg_S[fz"0 M QRPWfZa__W VW CzSVWdfZS^% XgdWf ^S Uda[j e[_b^W ^W UWdU^W Wf ^W ba[f)ESd UafdW v bSdf[d VW ^S X[ Vg bS^za^[fZ[cgW* VzTgf Vg za^[fZ[cgW^We bdW_[Wde ehSef[]S SbbSdS[eeWf5 U[h[^[eSf[a V#;dfWT~^^W U[h[^[(eSf[a VWe ISdVWa[e[We YdShgdWe egd ^We _zYS^[fZWe a ^W ehSe(f[]S Wef eaghWf SeeaU[z v ^S eb[dS^W U[h[^[eSf[a VWe YaTW^WfeUS^[U[Xad_We bg[e UW^^We VW ^S bafWd[W v TSVWSgj bW[fgdWe dg(bWefdWe Vg KS^ 9S_a[US W_bdW[fWe egd VWe b^ScgWe V#SdY[^W VWebS^SX[fWe Vg ^SU Vg 8agdYWf V#;_[^[W Wf K[^^SahS) AWe dzY[ae Vg:SgTW Wf VWe 8S^]Se W dzhy^Wf gW bdzeWUW _See[hW) 7gj M???WWf M?KWe[yU^We ^W ehSef[]S Wef bdzeWf VSe ^W Va_S[W zYzW WBSUzVa[W W IdaSVW ^[Wg cg[ eW_T^W Sha[d zfz g UWfdW [_bad(fSf VW ^S V[ebWde[a ZkbWdTadzWW S[e[ cgW ^W afW@)AWUZ^Wd)" ?^ eW dzbSV VSe ^S laW VWe Ug^fgdWe _kUz([WW Wf SUZzWW S[e[ cg#W ?fS^[W Vg CadV $tfdgd[W% Wf Vg9WfdW v ^#wYW Vg TdalW $,2++(3++%)Ha gf[^[eSf[a Wef UagdSfW SgeW[ VWe U[h[^[eSf[ae JWf[UW $7^^W_SYW 8aZ{_W 8SeeW(7g(fd[UZW% VWe fa_TWe(fg_g^ge $7^bWe DVWd 8SeeW(HSjW% Wf UW^^W VWe9ZS_be V#gdWe $,.++%) A#wYW Vg XWd _g^f[b^[W ea W_bâ[ Wf^#zfWV v VW a_TdWgj egbbadfe $X[Tg^We b^ScgWe VW UW[fgdWUSecgWe ba[fWe VW ^SUW ag VW X^yUZW zfWVSdVe d[fgWê WfU)%) AWehSef[]S Wef ^#g VWe _af[Xe bd[h[^zY[ze VW ^#[UaaYdSbZ[W VWe ?Va(;gdabzWe aUU[VWfSgj Wf ad[WfSgj) HS bdzeWUW Wef _See[hW VSe^We dzY[ae YWd_S[cgW VSgT[WW zYzWW Wf fdakWW a [^ WefXdzcgWf v Ida[W ?? $-1++(,4++% UZWl ^We =dWUe SdUZS}cgWe (^Wefa_TWe _kUz[WWe Vg MK?We[yU^W Sh)- %$5%af ^[hdz g fdye YdSVa_TdW V#aT\Wfe adze VW ehSef[]S VWjfdaYkdWe ag ezWefdaYkdWeVaf TWSgUagb baeeyVWf VWe TdSUZWe SddaV[We bSdXa[e SeeaU[zev VWe _af[Xe ea^S[dWe Wf*ag efW^^S[dWe ( U^See[cgWe bg[e ZW^^z[e(f[cgWe a [^ adW VWe TS^gefdSVWe VWe TSe(dW^[WXe Ua__W v EWdYS_WWf v DdUZa_yW VWe bafWd[We Wf Uaef[fgW g ek_Ta^W XShad[ VSe^W _aSkSYW YdWU Ua__W v 9ad[fZW 7fZyWe 7dYae HbSdfW

Hfy^W haf[hW VW ^#wYW VW XWd$;gdabW adV[cgW%)

:Wgj ehSef[]S YdShze egd b[WddW)rYSgUZW M???We[yU^WShSf-%$5%)v Vda[(fW |^W VW HSfad[)

r YSgUZWXgeS}a WV#>[eeSd^[] $Ida[W???%)J Vda[fW- % W SdY[^W VgeSUfgS[dW VW 3ZSdZgf)

,4

BaS[We5SdY[WW ZW^^z[ef[cgWUW^fW Wf Udzfa[eW)

WfU) _S[e Sgee[ W IZdSUW W ?a[W W AkU[W W H[U[^W Wf VSe ^#W(eW_T^W VW ^S =dSVW =dyUW)I? Wef Xadf dzbSVg UZWl ^We 9W^fWe Uaf[(WfSgj Wf [eg^S[dWe a [^ XdSbbW VWe hSeWe _zfS^^[cgWe VWe X[Tg^WeWf VWe Sd_We) AWe =Sgâ[e eW_T^Wf egdfagf ^#Sha[d gf[^[ez VSe ^W_aSkSYW USd a ^#aTeWdhW XdzcgW__Wf egd VWe _aS[We fda[ee[yU^We Shnf Wf Sbdye @) (5%#bagd eW bWdbzfgWd \gecg#Sgj Bzda(h[Y[We) ;YS^W_Wf V#g W_bâ[ UagdSf Sg eW[ VWe bWgb^We eUS(V[ShW VSUW ag YyfW bZdkY[W Z[ff[fW âgi[fW USd[W WfU) a ^WfdaghW Sgee[ VSe ^W _aVW da_S[ egdfagf VSe ^W CadV VW ^#W_(b[dW a ^W ehSef[]S X[YgdW egd VWe _aeS}cgWe UWdfS[e z^z_Wfe VWUaefdgUf[ae $Xdafae b[^SefdWe fg[^We fW^^We UW^^We VzUaghWdfWeW 8W^Y[cgW da_S[W v ;ef[WeP>S[SgfQ Wf v 7fZzW Pbdah[UWVW CS_gdQ WfU)% egd VWe SgfWê Wf VWe efy^We XgzdS[dWe) ; dW(hSUZW ea [fdaVgUf[a v Ga_W _{_W eW_T^W fSdV[hW $?^^W bWgf({fdW ?hW e[yU^W%) ; 7e[W $UX) UZSb[fdW ???o ,% ^W e[YW ZkbWdTadzWWef STaVSf Sg I[TWf Sgj ?VWe W 9Z[W v bSdf[d VghW e[yU^W YdwUW Sg TagVVZ[e_W cg[ W X[f ea W_T^y_W XShad[ SgK[WfS_ W 9adzW Wf Sg @Sba Sg K?W e[yU^W) Hgd ^W Uaf[Wf S_z(d[US[ ea [_b^SfSf[a e#zUZWâW Vg UWfdW VWe ;fSfe(J[e $CW(hSVS JfSZ 9aâdSVa ?V[SS =zadY[W WfU)% W 7_zd[cgW UWfdS^W$NgUSfS Wf ESS_S% Wf VSe ^W adV(agWef VW ^#7_zd[cgW Vg HgVa e#zbSag[dWf ^We U[h[^[eSf[ae bdzUaâ_T[WWe $BSkS Ia^fycgWWf ?US%) FgW^cgWe fdSUWe W egTe[efWf Sgee[ VSe ^#;ef Wf ^W 9WfdWVg 8dze[^) ; 7Xd[cgW eS bdzeWUW Wef ^[_[fzW) D ^W dWUafdW VSe^W CadV $7^Yzd[W Wf Ig[e[W% W ;YkbfW Wf Sg HagVS Sâde cg#W7Xd[cgW a[dW ea [_b^SfSf[a W VzbSeeW bSe ^S dzY[a Vg C[YWd)ESdfagf S[^^Wgde [^ Wef [Uag) Eagd fage ^We bWgb^We Z[efad[cgWe[eege VW ^S dSUW TadzS^W fagf bSdf[Ug^[ydW_Wf ^We ?VW(;gdabzWe^W ehSef[]S Xgf ^S b^gbSdf Vg fW_be SeeaU[z v VWe V[h[[fze _w^WeagdS[WWe Wf ^g_[WgeWe $OWge*@gb[fWd ISdS[e 8z^zge 7ba^(â WfU)% SkSf YSdVz bSd(VW^v _[YdSf[ae Wf fd[Tg^Sf[ae ^#W_(bdW[fW ad[Y[W^^W ba^S[dW dWhakSf Sgj [VzWe V#[__aT[^[fz Wf VWUWfdS^[fz a ^W e[YW zfS[f ^S p_Sfzd[S^[eSf[aq Vg bgd Ed[U[bW)9WffW pX[Vz^[fz ba^S[dWq Wef bSdf[Ug^[ydW_Wf T[W SXX[d_zW W 7e[Wa ^W ehSef[]S _SdcgW dakS^W XdSbbW ^W Xdaf ag ^S ba[fd[W VW =S(WeZS Xad_W h[e[T^W Vg Ed[U[bW VW K[eZg Wf Vg bd[UW H[VVZwd(fZS =SgfS_S _aVy^We Vg pGa[ Vg BaVWq ba^S[dW pbd[UWe VW^S 8aW Aa[ q %*3/! Wf YSdV[We VW ^S GagW e[YW VW UW^g[ cg[SkSf dzea^g ^W bdaT^y_W ^[z v ^S Uaf[YWUW VW ^S _Sf[ydW $Vze[dbSee[a WfU)% aUUgbW ^W UWfdW [__aT[^W Wf X[jW ^W pa(SY[dq VW^S pGagW Vg VWhW[dq)^W $ ag ^S Uda[j v ^#[_SYW Vg 9Zd[efSgfdW pGa[ Vg BaVWq VWhWSf VW UW XS[f g p>a__W g[hWd(eW^ Wf [__adfW^q fdSeUWVSf eWâ ^W fSa}e_W UW cg[ UaddWebaVSg p^[Tzdz(h[hSfq,;70#/6-5" VW ^S fdSV[f[a Z[VagW)

"

HgRdeZ\RTV]eVd(

9>7F?IG; ==

( ) (#$ "#& (%#&!

$# ###e

EfeVd ]Vd ecRUZeZ_d RWWZc^V_e bfV ]R WZ_ UV ]"qXV U"Ec Vfeafc TRfdV f_V mcfaefcVp U"cUcV ^xeRaYidZbfV V_ecV ]RcRTV cZXZ_V]]V Ve ]V FcZ_TZaV #TW( TYRaZecV ]%l ,$% bf"RTT^aRX_wcV_e UV eVccZS]Vd Sf]VgVcdV^V_ed T]Z^ReZbfVd% eVccVdecVd VeTd^ZbfVd% TVfhTZ _"xeR_e U"RZ]]Vfcd bfV ]Vd T_dxbfV_TVd%]Vm cVW]Ve ^RexcZV]p% UV TVfh]t( @fdbf"R]cd% ]R IVccV% t ]"Z^RXV U"f_VYf^R_Zex YRc^_ZVfdV Ve daZcZefV]]V^V_e xbfZ]ZScxV bfZ ]R aVfa]RZe% xeRZe UexV U"f_ T]Z^Re deRS]V Ve T_deR_e( BVd dRZd_d i xeRZV_e F]ReUV eVccVTfZeVUVEOY^SR_KMhXUfZ_T__fVd5 dVf] i cxX_RZe% dV]_ EgZUV% f_ acZ_eV^ad xeVc_V] ~ eiaV UVd I]ewbfVdUV If]]R(

"!

"& !+++++

J ***oc#

HgRdeZ\Rt TcRâ_d% mUi_R^ZbfVd p(

mO (((O]Vd ecR_bfZ]]Vd jxaYicd TRcVddRZV_e UV ]Vfc dfWW]V eZwUV UVdW]Vfcd _xVd dR_d dV^V_TVp( IW h WIW

BVd eVheVd R_TZV_d #xXiaeZV_d% TYR]UxV_d% XcVTd% c^RZ_d% TYZ_Zd% eZSxeRZ_d% VeT($ d"RTTcUV_e efd afc UZcV bfV m]Vd _fZed Ve]Vd [fcd d_e xbfZ]ZScxdp(eR_UZd bfV >xTRexV U"7SUwcV _eV acxTZdx^V_e bfV ]Vd >iaVcScxV_d gZgV_e dfd f_ T]Z^Re xXR]% RgVTf_V R__xV TâcV_R_e f_ [fc UV dZh ^Zd Ve f_V _fZe UV ^y^VUfcxV( BVd xTcZed YZ_Ufd% eV]d ]V Ve %TUf acxTZdV_e bfV

6UV[fc Ve ]R _fZe Wc^V_e V_dV^S]V f_V R__xV O(((P p(7]cd bfV ZcR_ZV_ _eV bfV

m? (((] ]Vd xeZ]Vd% ]R Bf_V Ve ]V H]VZ] _V UZgV_e dV ]VgVc bf"f_VWZd #aRc R_$% Ve f_V R__xV _V dV^S]V bf"f_ [fcp( I ??($

9VeeV deRSZ]Zex dfaadV _xTVddRZcV^V_e bfV ]R IVccV RgRZe UVdcZV_eReZ_d RhZR]V #]"RhV a]RZcV$ Ve d]RZcV UZWWxcV_eVd UV TV]]VdbfV _fd ]fZ T__RZdd_d RTefV]]V^V_e( 7 ]R dfZeV UV TReRdecaYVdT]Z^ReZbfVd Ve Td^ZbfVd UV XcR_UV Râ]Vfc% TVd cZV_eReZ_d WfcV_e cRUZTR]V^V_e Sf]VgVcdxVd% _eR^^V_e aRc ]V SRdTf]V^V_eUV ]"RhV UV ]R IVccV( B"RdecaYidZTZV_ +(KV]Z\gd\i acxTZdV4

mBV acZ_eVâd dfZe ]"YZgVc% ]"xex acxTwUV ]"Rfe^_V aRcTV bfV]"RhV UV ceReZ_ UV ]R IVccVVde Z_T]Z_x dfc ]V a]R_ UV ]"xT]ZaeZbfV(HZ TVe RhV UVgV_RZe aVcaV_UZTf]RZcV t TV a]R_% Z] _"i RfcRZe aRd UVdRZd_d dfc ]R IVccV(p " SRHIW IR GSPPMWMSR

HV]_ ]"RgZd UV ^RZ_ed RdecaYidZTZV_d% ]R IVccV U"RgR_e ]R XcR_UVTReRdecaYV% fecV UVd ^RddVd T_eZ_V_eR]Vd cxaRceZVd UZWWxcV^^V_e UV TV]]Vd U"Rf[fcU"YfZ% dV TRcRTexcZdRZe aRc f_V cxg]feZ_d]RZcV% Z_dTcZeV UR_d f_ didew^V Yx]ZTV_ecZbfV% UV ,3* [fcd dfcf_ RhV UV ceReZ_ _cU) dfU 8c_x)9]^SZV( HR UfcxV UV XZcReZ_ dfc V]]V^y^V xeRZe UV ,3 YVfcVd% eR_UZd bfV ]"RhV eVccVdecVxeRZe aVcaV_UZTf]RZcV t ]"xT]ZaeZbfV( 9Ve xbfZ]ZScV Wfe câf aRcUVd XZXR_eVdbfVd Sf]VgVcdV^V_ed bfV _fd Z_UZbfZ_d a]fd YRfe#TW( TYRaZecV ?%l ,$% U_e ]Vd TRfdVd d_e acSRS]V^V_e UfVd t f_VdceV UVd S^SRcUV^V_e Td^ZbfVp UV ]R IVccV% RddceZ U"f_acTYV aRddRXV U"f_V T^weV [fR_e ]V c}]V U"f_ afZddR_e x]VTecRZ^R_e bfZd xTYRfWWR Ve ÛZWZR R]cd ]R gZeVddV UV ceReZ_ a]R_xeRZcVp #7cjY 8c DR_VU%2RI MIW & YRIW#$dfZgZU"f_V TYfeV U"f_ f UV a]fdZVfcd ZâceR_ed Tcad Tx]VdeVd( BVdR_TZV__Vd TYc_ZbfVd _fd _e T_dVcgx ]V dfgV_Zc UV TVd TReRdecaYVd% _eR^^V_e TV]]Vd UVd acyecVd xXiaeZV_d UV CVâYZd%HR|d% Ve TVfh Uf cZ HRfcZU bfZ acxTZdV_e bfV ]R eVccV dTZ]]R t a]fdZVfcd cVacZdVd Ve bfV

m]R eVccV Wfe gZ]V^^V_e YVfcexV% aRc ]R g]_ex UVd :ZVfh% aRcUVd WVfh Tx]VdeVd% [fdbf"t dVd T_WZ_de(

""

9Vd xgx_V^V_ed dV Uxcf]wcV_e Rfh V_gZc_d UV +*/** Rg(O95xabfV TccVda_UR_e t ]R WZ_ Uf aR]x]ZeYZbfV dfaxcZVfc% xabfV^RXUR]x_ZV__V #+.***3***$( BVd cxdf]eRed WfcV_e ZâcVddZ__R_ed4 UxT]Z_RZd_ UV 3*" UV ]"RhV eVccVdecV% acSRS]V^V_e gVcd]R XRfTYV TV bfZ R_R]XZbfV^V_e Ve di^S]ZbfV^V_e ^RcbfV]V UxSfe UV ]"Z_g]feZ_ UV ]R ^ReZwcV Ve UV ]R cRTV ScxR]V % x]ZX_V^V_e UV ]R IVccV Uf H]VZ]% UZ^Z_feZ_ UV ]R gZeVddV UV ceReZ_UV ]R IVccV Rfefc Uf H]VZ]% RfX^V_eReZ_ UV ]R UfcxV UV ceReZ_UV ]R IVccV dfc V]]V^y^V% ,. YVfcVd Rf ]ZVf UV ,3 YVfcVd% Ux]fXVU"VRf Ve UV WVf% _fgV]]V cSZeV% RfX^V_eReZ_ UV ]R UfcxV Uf TiT]VR__fV]% -0/ [fcd +). Rf ]ZVf UV ,3* [fcd% RaaRcZeZ_ UVd dRZd_d%Ve dfcefe TRaeReZ_ UV ]R Bf_V RTefV]]V bfZ Ufe dV acUfZcV% dV]_]"Rdec_^V FYZ]ZaWW% gVcd 1-** Rg(>*)M*(T"VdetUZcV t ]R WZ_ UV ]RaxcZUV adeX]RTZRZcV% xabfV RjZ]ZV__V( BV aYidZbfV UV ]R IVccVWfe V_eZwcV^V_e cVÛV]x4 UVd T_eZ_V_ed dV WcRX^V_ewcV_e% TVceRZ_d UZdaRcfcV_e dfd ]Vd VRfh R]cd bfV U"RfecVd d"VhYRfddwcV_e(BV SRdTf]V^V_e UV ]"RhV UVd a}]Vd ]ZSxcR UVd eVccVd [fdbf"R]cdacZdVd dfd ]Vd X]RTVd Ve U"RfecVd% gVcUiR_eVd% T^^V ]V =cz_]R_U% ]R mIVccV gVceV!% dV TfgcZcV_e U"f_V TR]eeV X]RTZRZcV( BR X]RTZReZ_ UVd _fgVRfh a}]Vd RfcRZe T^^V_Tx gVcd 3***)+* ***R_dRg(>*)M*(UxT]V_TYR_e ]R XcR_UV ^ZXcReZ_ UV ]R cRTV S]R_TYV YiaVcScxV__V% Uf ^Z_d U"f_V aRceZV U"V]]V% gVcd UVd T_ecxVd a]fdT]x^V_eVd #TW( TYRaZecV ]%l ,$( CRZd ]Vd Sf]VgVcdV^V_ed WfcV_eRfddZ U"cUcV di^S]ZT^xeRaYidZbfV TRc ]Vd eVheVd R_TZV_d Ve ]VdecRUZeZ_d cR]Vd UV _^ScVfh aVfa]Vd _fd UZdV_e bfV ]V dgRdeZ\R cZXZ_V]% [fdbf"R]cd UcVddx Ve Z^^SZ]V% mcVW]Ve UV ]R aVcWVTeZ_ Ve UV ]"YRc^_ZV UVd eVâd UV ]";ccV Ve UV ]R KxcZex!% TYR_TV]RVe dV TfTYR( 7Z_dZ bfV ]V acxTZdV 8RXTYZ 4

mBV dgRdeZ\R% aRc ]R WRfeV U"f_V cRTV ZâZV Ve RgZUV UV SZV_d ^RexcZV]d" R TYf t eVccV% ScZdR_e ]V afc eVâd U"xeVc_Zex% UV S_YVfcVe UV gxcZex UR_d ]VbfV] gZgRZV_e ]Vd Y^^Vd% afc ]VdbfV]d Uxdc^RZd efe _V UVgRZe yecV bf"RXZeReZ_% Wcx_xdZV% aVfc Ve Z_g]feZ_(! MIW MR XLI R P W

;e dfcefe% Z] Vde acxTZdx UR_d ]V bfV ]V mdgRdeZ\RXcZ_vR dfc dk_ RhV!% Z_UZbfR_e RZ_dZ bfV ]"Yf^R_Zex% dceR_e UV]"Z^^SZ]V 7XV U"Ec% dVcRZe Uxdc^RZd df^ZdV Rf UVgV_Zc UfIVâd % bfR]ZWZx Ve bfR_eZWZx% ]V IVâd UxgcVfc UVdY^^Vd% gfR_e ]Vd TcxRefcVd Ve ]R 9cxReZ_ t ]R UxTcxaZefUV Ve t]R ^ce( B"RaaRcZeZ_ UVd dRZd_d% bfZ _"Vde RfecV TYdV bf"f_ TâRceZ^V_eRXV Uf IVâd bfR_eZWZx bfZ aRddV Z_VhcRS]V^V_e% RgVT]Vfcd daxTZWZTZexd SZV_ ^RcbfxVd% Ufe ZâcVddZ__Vc ]Vd Y^^VdbfZ dV cVXRcUwcV_e Uxdc^RZd T^^V UVd yecVd T_eZ_XV_ed Ve cV]ReZWd% t ]"VhZdeV_TV xaYx^wcV% Ve bfV efe UR_d ]"J_ZgVcd UVgRZe%f_ [fc% T^^V Vfh% acV_UcV WZ_( FcZd UR_d ]R daZcR]V Uf IVâd%

@KMK\YX QY^RS[_O $M\YSa M-kMRkO O^]K]^SUK% Y\XKX^ VK \O^YWLkO N#_XOYnÔ RK_Ô $?K 7Y_\ÔYS\KNO( G===O]SjMVO%*

:_]KmYVO N#*)M*

6\YMRO NO V#iQO NO PO\$9_\YZO MOX^\KVO%*

"#

HgRdeZ\RRcXZV_ TR_e__x UVbfRecV W]R_TYZdadxdV_ dRfeZc(

HgRdeZ\RXZcReZcV XcVT(#M??VM???VdZwT]VRgR_e>*)7V

^&%Xooo

HgRdeZ\RUf [R|_Zd^V( #K]VgVdZwT]V($

di^S]Zdx aRc ]V dgRdeZ\R XZcReZcV% ]Vd Y^^Vd acZcV_e T_dTZV_TVUV ]Vfc gf]_xcRSZ]Zex Ve dfcefe UV ]"ZUxV UV ]R ^ce% mZ_bfZxefUVpbfZ ]Vfc xeRZe Z_T__fV RgR_e ]R mcfaefcVe*9Ve V_dV^S]V UV acZdVdUV T_dTZV_TV #IVâd) UVgV_Zc Ve ^ce$ U__R _RZddR_TV t UVgRdeVd Tcafd îeYZbfVd% eV] TV]fZ Uf îeYV UV 9c_d TYVj ]Vd=cVTd% Ve t UVd cZefV]d UV WxT_UZex Yf^RZ_V% R_Z^R]V Ve gxXxeR]V]Zxd Rfh V_TYR{_V^V_ed _RZddR_TV)gZV)^ce)cxdfccVTeZ_( 9V bfZ%dV]_ CZcTVR ;]ZRUV" KIW IX W FSPIW#$Xx_xcR f_V gZdZ_ aRceZTf]ZwcV Uf IVâd% ]V IVâd Td^ZbfV% ]V IVâd Z_WZ_Z f V_TcV]V IVâd TiT]ZbfV dR_d T^^V_TV^V_e _Z WZ_% V_XV_UcR_e TcxReZ_d Ve UVdecfTeZ_d%

mV_ UVc_ZwcV Z_deR_TV% ]V îeYV UV ]"xeVc_V] cVefcp(#CZcTVR ;]ZRUV%AB&7xdZUV UR_d dRfSK ]Vd 7XVd UV ]R aZVccV% UV ]"RcT% Uf WVfVe UV ]R aZaV TYVj ]Vd HZfh5 ]Vd qXVd UV ]R aZVccV% Uf [RUV% Uf

,.

Sc_jV Ve Uf WVc TYVj ]Vd 9YZ_Zd#@(DVVUY^R_% MIRGI GLMRSMWIIX P ;GGMHIRX#$Ve% V_ 7dZV% TV]]V UVd bfRecVK $muXVdp% TYRTf_ acxTxUx Ve dfZgZ U"f_V mRfccVp Ve U"f_ mTcxafdTf]Vp cV]ZR_e ]Vd ifXRV_ecV Vfh% f_G GPITâ]Ve UV bfRecV uXVd TâdR_e f_V%

m=cR_U 7XVp% dZe . -,* *** R__xVd f +,*** R__xVd UZgZ_Vd"HM #UV -0* R__xVd d]RZcVd TYRTf_V( CRZd ]Vd bfRecVifXR d_e UV UfcxV Z_xXR]V% ]V a]fd ]_X dV dZefR_e Rf UxSfe UfTiT]V% ]V a]fd Tfcet dR T_T]fdZ_% aYx_^w_V bfZ% cRaacex RfdgRdeZ\R% Vde W_TeZ_ UV ]R cRaZUZex ef[fcd a]fd XcR_UV UV dR ceReZ_% t ^VdfcV UV ]"xTf]V^V_eRTTx]xcx Ve Z_x]fTeRS]V Uf IVâd(BV acV^ZVc ifXR(Vde ]V K m7XV RTTâ]Zp #+1,2*** R_d$f XX $m7XV cxV]p( ]"uXV gcRZ Ve RfeYV_eZbfV% TV]fZ UV ]"7XVU"Ec U">xdZUV% ~ ]R [fdeZTV% ]R gxcZex Ve ]"cUcV ^cR] cxX_RZV_edfc ]"J_ZgVcd5 ]"Y^^V aRcWRZe% m]">^^V f_ZgVcdV]p fm]">^^V gcRZp UVd eVheVd TYZ_Zd% Z_TRc_RZe ]R _c^V Td^ZbfVRcTYxeiaR]V Ve aRceZTZaRZet ]R _RefcV UZgZ_V Uf FcZ_TZaV( BV dgRdeZ\R% _fd UZdV_e ]Vd eVheVd R_TZV_d% xeRZe mR]cd UcVddx Ve _V dV ^fgRZe aRdp( 7f UVfhZw^V uXV% ]VIX K #+,30*** R_d$%]V

acV_U WZ_ Ve ]V mdgRdeZ\R SRdTf]R Ve dV ^Ze t Xx^Zcp dfc d_RhV Ve V_T]V_TYV UV TV WRZe ]"RaaRcZeZ_ Uf IVâd% UV ]R dfWWcR_TVVe UV ]R ^ce( B"Y^^V% bfZ _V addwUV a]fd bfV ]Vd ecZd bfRcedUf HL $d"x]ZX_V Uf F}]V Ve d_ TâceV^V_e _"Vde a]fd da_eR_x _Z Z_daZcx aRc ]V FcZ_TZaV( BV ecZdZw^V uXV% ]V1S YK#20.*** R_d$% ]V dgRdeZ\R efc_V f_ aVf a]fd gZeV Ve R eV_UR_TVtd"V^SR]]Vc% V_ ^y^V eVâd bf"RfX^V_eV_e ]Vd gZTVd Ve bfV UxTc{e]RgZV Yf^RZ_V( 7gVT ]V bfRecZw^V uXV% ]VPM YK#.-,*** R_d$%m7XV ^RfgRZdp% ]V dZX_V efc_V t ecwd XcR_UV gZeVddV% _V ]RZddR_ebf"f_ bfRce UV Rfh Y^^Vd( 9"Vde ]V cwX_V UVd UxdZcd% UV]R ]fhfcV% UV ]R aRddZ_% Uf ^V_d_XV Ve ]V aZ_e Vhecy^V UV ]R UZdd]feZ_( :VafZd a]fdZVfcd ^Z]]x_RZcVd% TVe uXV Vde ]V _}ecV( BV%L acV_UcR WZ_ aRc f_V m UZdd]feZ_p eeR]V fP Ve ]VTiT]V dV WVc^VcR aRc ]V m=cR_UV :Zdd]feZ_p( IfeVWZd% ]Vd UZgVcd xTcZed R_TZV_d #YZ_Ufd% eZSxeRZ_d% XcVTd% VeT($ acxTZdV_e bfV ]V dgRdeZ\R _V mcVacV_UcR dR Tfcdk VWWcx_xV Ve _Vd"RccyeVcRp bfV ]cdbf"f_ Yxcd gZV_UcR cxeRS]Zc ]"7XV U"Ec% T^^V9c_d)HRefc_V TYVj ]Vd =cxTc^RZ_d% 8x]x_fd TYVj ]Vd 9V]eVdf V_TcV AR]\Z% ]V +*V Ve f]eZ^V RgueucR UV KZdY_f TYVj ]Vd >Z_Ufd( CRZd ]"Z_g]feZ_ cVT^^V_TVcR WReR]V^V_e f_ [fc RgVT d_TcewXV UV TcxReZ_d) UVdecfTeZ_d) TcxReZ_d% ac[VeR_e ]Vd ifXRUR_d UVd TiT]Vd ef[fcd a]fd gRdeVd Vem ]V dgRdeZ\R efc_VcR ef[fcd a]fd gZeVe* _fd RgVceZe ]V+5>=

9VcT]VTV_ecx RgVT dgRdeZ\RTZcTf]RZcV(

HgRdeZ\Rt bfRecV TcRâ_d Rcc_UZd(

HgRdeZ\Rt daZcR]Vd RgVTd cfVd]RZcVp TV_ecxV(

dZX_V WZhV di^S]ZdR_e ]Vd TRdeVd UR_d ]Vfcd daxTZWZTZexd acacVd Ve_"V_ecVeV_R_e aRd UV cRaace V_ecV V]]Vd5 ]V dgRdeZ\R V_ ceReZ_di^S]ZdR_e Rf T_ecRZcV ]Vd TRdeVd ]Vd f_Vd aRc cRaace Rfh RfecVdVe ]Vd Z_eVcax_xecReZ_d bfZ afgRZV_e dV acUfZcV% ]"ZUxV U"Z_g]feZ_ f UV dTYfeV !% _eR^^V_e afc f_ Y^^V UV TRdeV dfaxcZVfcV mTYfeR_ep UR_d f_V TRdeV Z_WxcZVfcV% _"i xeR_e aRd RSdV_eV(

(& GIR

HZX_V cZXZ_V] aRc VhTV]]V_TV% ]V TV_ecV Vfe ]R a]fd XcR_UV ZâceR_TV UR_d efeVd ]Vd Tf]efcVd ecRUZeZ__V]]Vd( 7gR_e efeV RfecVZ_eVcacxeReZ_% V]]Vd i gZcV_e ]"EcZXZ_V UV efeV 9cxReZ_% dR_dU"RZ]]Vfcd bfV dR _RefcV% d_ VddV_TV% V_ dZe ÛZWZxV afc RfeR_e5 ]V aZ_e cZXZ_V] Ve acZ_TZaZV] dR_d Wc^V% dR_d ]_XfVfc% dR_d]RcXVfc _Z acW_UVfc% U_T ]"Z_UZgZdZS]V Ve% R_R]XZbfV^V_e%]"Z^RXV ^y^V UV ]"J_Zex acZ^cUZR]V( CxeRaYidZbfV^V_e% ]VTV_ecV di^S]ZdV ]V FcZ_TZaV RSd]f% ]";ecV afc% :ZVf% Ve

d ]"VdaRTV bf"Z] Vâ]Ze UV d_ cRi__V^V_e Ve bfZ _"Vde bfV aRcd_ cRi__V^V_e ^y^V #]V Y UV ]R =V_wdV$% dR_d ]VbfV]TVe VdaRTV _V dVcRZe bfV !acZgReZ_! Ve _xR_e% T"Vde ]V C_UV RfdV_d ]V a]fd xeV_Uf UV TV ê% ]"V_dV^S]V UVd yecVd Ve UV efd ]VdxeRed U"VhZdeV_TV bfZ T_deZefV_e ]R ^R_ZWVdeReZ_ f_ZgVcdV]]Vp(

#GV_x=fx__% FSPIW X HI P GMIRGI

FRcefe Ve _f]]V aRce% ]V aZ_e Vde% ]cdbf"Z] Vde UxafZ]]x UV efeVZUxV UV daReZR]Zex% ]V di^S]V Uf WiVc U"~ x^VcXV ]V ^fgV^V_eUV ]"J_ gVcd ]V ^f]eZa]V% UV ]"Z_T_UZeZ__x gVcd ]V T_UZeZ__x%Uf __^R_ZWVdex gVcd ]V ^R_ZWVdex% UV ]"xeVc_V] gVcd ]V eVâcV](HfgV_e cRaacex t f_ TVcT]V f t f_V daYwcV% U_e Z] T_deZefV ]V_iRf ZccRUZR_e Ve RXZddR_e% SZV_ bfV WZhV% ]V TV_ecV Wfe RddZ^Z]x%eR_e aRc ]Vd aV_dVfcd aR|V_d bfV TYcxeZV_d% t ]"x_VcXZV UZgZ_V5 TRcafc 7cZdeeV% ]V TV_ecV f aZ_e% m]V êVfc Z^^SZ]Ve* Vde ]RdfcTV U"~ x^R_V ]V UZgZ_% R]cd bfV ]V eYx]XZV_ R]]V^R_UDZT]Rd UV 9fdV$GFVdZwT]V$ RWWZc^V bfV ]Vd a}]Vd UVd daYwcVd% ]VdUVfh aZ_ed aadxd% T|_TZUV_e RgVT ]V TV_ecV bfZ Vde :ZVf( ?] Vdet ]R WZd TZcT_WxcV_TV Ve TV_ecV% ]fZ bfZ Vde aRcefe Ve _f]]V aRce5eR_UZd bfV FRdTR]% TZeR_e >Vc^wd IcZd^xXZdeV% RgR_TV bfV :ZVf Vdef_V daYwcV U_e ]V TV_ecV Vde aRcefe Ve ]R TZcT_WxcV_TV _f]]V aRce(:R_d efeVd ]Vd cV]ZXZ_d% ]"Y^^V Wfe Tcxx aRc :ZVf Rf TV_ecV Uf

"%

C_UV( 9YVj ]Vd Hx^ZeVd% ]V ^_UV Ve ]"Y^^V WfcV_e Tcxxd V_aRceR_e UV ]"^SZ]ZT% Z^RXV Uf TV_ecV5 R]cd bfV

m]V aRcRUZd ~ 7UR^ Wfe Tcxx RgVT Uf ]Z^_% dV ecfgV Rf TV_ecVUf ^_UVp( #GV_x =fx__%AB& 7xScVfh% ]"EâYR]d UVd =cVTd%P W UVd G^RZ_d%]"RhV UV ]R GfV% VeT(% afgR_e yecV ^RexcZR]Zdx aRc f_V mC_eRX_VdRTcxVp ]V C_e Cxcf YZ_Uf% ]V >RcRSVcVjRZeZ ZcR_ZV_% ]">Z^Z_XS[xZc XVc^RZ_% ]Vd C_ed IYRSc Ve =VcZjZ^ V_ FR]VdeZ_V%VeT( % f_V T]]Z_V% f_ RcScV% ]VIR% _ 8Zd dRTcxp TYZ_Zd%]"NXXUcRdZ] UVd =Vc^RZ_d f ]"7cScV UV ]R T__RZddR_TV Uf 8ZV_Ve Uf CR] SZS]ZbfV % f_V T]__V f f_ dZâ]V aeVRf T^^VTYVj ]Vd ?_UZV_d UVd a]RZ_Vd( B"RcScV TYR^R_ZbfV dV ecfgV RfmTV_ecV Uf ^_UVp% R]cd bf"Rfh ?_UVd% ]VYT $ ]V aeVRf dRTcZWZTZV]%Vde RddZ^Z]xt ]"7hV Uf ^_UV( 9Vd S[Ved TV_ecRfh% ef[fcddZefxd Rf TV_ecV XxXcRaYZbfV ^RexcZV] Ve) f daZcZefV] U"f_ VdaRTV dRTcx d_e ]V ]ZVf acZgZ]xXZx aRc ~ d"xeRS]Ze ]V T_eRTe V_ecV]V UZgZ_ Ve ]"Yf^RZ_% ]V 9ZV] Ve ]R IVccV% Ve T_deZefV_e dfgV_e ]"RhVbfZ cV]ZV ]Vd ecZd ^_UVd Td^ZbfVd Tx]VdeV% eVccVdecV Ve dfeVccRZ_5 RhV Rfefc UfbfV] ]V ^_UV R T^^V_Tx t dV UxgV]aaVcRf ^^V_e ~ ]V IVâd% acWR_V Ve daZcZefV]% R WRZe ZccfaeZ_% VeU_e TYRTf_ UVd TV_ecVd aRceZTf]ZVcd% bfZ cXR_ZdV f_ VdaRTV ^RexcZV] acxTZd Ve ]Z^Zex% Vde ]V cVW]Ve U"f_V aRceZV Z_dxaRcRS]V U"f_efe Z_WZ_Z^V_e gRdeV Ve Tâ]VhV( BVd UVfh VhVâ]Vd ]Vd a]fdRTYVgxd U"Vâ]Z ^ZTc Td^ZbfV ]Zxt ]"ZUxV UV TV_ecV% cVW]Ve dfS]Z^x Uf 9V_ecV ^RTcTd^ZbfV UZgZ_% Ve bfZ dV cRaaceVt ]R^y^V ^R_ZWVdeReZ_ U"f_ ^y^V maceeiaVp Zddf UV ]R IcRUZeZ_acZ^cUZR]V% d_e ]"?c]R_UV Ve ]R 9YZ_V R_TZV__Vd( B"f_ Ve ]"RfecVciRf^Vd xeRZV_e aRceRXxd V_ a]fdZVfcd aRceZVd xXR]Vd cU__xVdT_TV_ecZbfV^V_e Rfefc U"f_ 9V_ecV% bfZ UVgV_RZe UV TV WRZe f_m9V_ecV Uf C_UVp ~ dV dZefRZe t ]R WZd ]R ]xXZeZ^Zex daZcZefV]]VVe a]ZeZbfV UV ]";eRe( :R_d ]V TRd UV ]"?c]R_UV% ]R aRceZeZ_ dV cxR

DK]^SUK WkNSkKV*

DK]^SUK MOVÔ*

7k\KWS[_O NO E\KX]YaSKXO(GO ]SjMVO*

,1

+ ,

/

0 -HTYx^ReZdReZ_ UV ]R UZgZdZ_ U"f_VeVccV #?c]R_UV$V_ TZ_b aRceZVd(

(Q Gxf_Z_ UVd3((4( 4(%# aZ_ed%Ve dfaVc ((Q(( adZeZ_Uf ecR((((( (4((Tx SeV_f RgVT

]VecRTxZ_gVcdV(==)?)****o*********cJ

^&$&& $ H&D&/!4 !/((4( !1%>! &IoooW%

HZh WZXfcVd SeV_fVd aRc Z_eVcdVTeZ_% VhT]fdZ_% UxTfaV Ve dfdecRTeZ_dUVdecRTxd(

]ZdR aRc dfZeV UV ]"TTfaReZ_ UV ]"{]V aRc ]Vd *)M*V_ _VfW TYZWWcV UV ]R a]x_ZefUV Ve Uf% acgZ_TVd% ^RZddV]_ f_ V_dV^S]V Xx^xecZbfV Wc^R_e f_ TRccx ^RXZbfV #TW(TYRaZecV ???%l +$% bfRecV TRdVd Rfh aZ_ed TRcUZ_Rfh Ve bfRecV RfhR_X]Vd Tâ]xexVd aRc f_V RfecV Rf TV_ecV aceR_e ]V TYZWWcV /( 9VTV_ecV Vde ]Vd GiRf^V Uf CZ]ZVf p( GLYRK% SYS$~ dV ]TR]ZdV ]V

RK%X RK$mIVâ]V UV ]R Bf^ZwcVp #TW( TZUVddfd$% ~ dV cVW]weVUZcVTeV^V_e m ]"7TeZgZex Uf 9ZV] p% m ]"?^^SZ]V ^Z]ZVfp Ve 7hV UfC_UV% cxdZUV_TV UV ]";âVcVfc( :R_d ]"f_ Ve ]"RfecV TRd% ]V TV_ecVVde UfS]V4 dZ ]V ciRf^V Vde cXR_Zdx dV]_ d_ TV_ecV acacV% dRacacV mTV_ecR]Zex ]V mGiRf^V Uf CZ]ZVfp afc ]R 9YZ_V Ve]V mGiRf^V UV CVReYe afc ]"?c]R_UV %]V ciRf^V ]fZ^y^Vdi^S]ZdV Ve TTfaV% UR_d d_ V_dV^S]V% ]V 9V_ecV UV ]"J_ZgVcd^R_ZWVdex( ;e TV% V_ gVcef Uf WRZe% RZ_dZ bfV ]"V_dVZX_V_e ]Vd eVheVdecRUZeZ__V]d% bfV efe Vde T_eV_f UR_d ]V 9V_ecV%

mUV dceV bf"_ UZeb cVecfgVc O(((P efe TV bfZ dV ecfgV UR_d]"V_dV^S]V UV ]"J_ZgVcd5 Z] afgRZe U_Tb RgZc RZ_dZ%t f_VxTYV]]V UV a]fd V_ a]fd cxUfZeV% efeV f_V dxcZV U"Z^RXVd dV^S]RS]Vd UZdadxVd T_TV_ecZbfV^V_e Ve RSfeZddR_e WZ_R]V^V_eRf aZ_e TV_ecR] ~ cxdZURZe ]";âVcVfcp

#GV_x =fx__% HI If ]V cZ% UR_d ]V TRd Zc]R_URZd% ]VdbfV]d% t ]Vfc WRv_% TTfaRZV_e

]R a]RTV TV_ecR]V UV m]">^^V gxcZeRS]Vp f m ]V =cR_U CR{ecVpUVd 9V]eVd Zc]R_URZd% m ^xUZReVfcp V_ecV ]V 9ZV] Ve ]R IVccV( 9VeeVUZgZdZ_ Wfe ef[fcd TâRcxV Rf dgRdeZ\R U_e ]Vd ScRd TfcSxdcVacxdV_eV_e ]Vd UZWWxcV_eVd aRceZVd Uf ciRf^V% bfRecV afc ]"?c]R_UV Ve YfZe ]Vd ScRd UcZed Ve dVd TfUVd afc ]R 9YZ_V% ]VaZ_e TV_ecR] UV ]R TcZh% Rfefc UfbfV] d"cU__V ]"V_dV^S]V VeU"~ x^R_V_e ]Vd aRceZVd% xeR_e TTfax aRc ]V m GiRf^V Uf CZ]ZVfe* ;e TV dgRdeZ\R dV ^VeeRZe t XZcVc% dV]_ f_V UZcVTeZ_ acxTZdV%]cdbfV ]V dfgVcRZ_ aRcTfcRZe dfTTVddZgV^V_e ]Vd UZgVcdVd aRceZVd UV d_ ciRf^V afc WZ_R]V^V_e ef[fcd cVgV_Zc Rf 9V_ecV%dfcTV UV ]R ]xXZeZ^Zex UV d_ afgZc(

"&

)& IW RXW

BVd Wc^Vd XcRaYZbfVd bfZ _e di^S]Zdx ]V acTVddfd UZccZUZReZ_ XZcReZcV Rf TV_ecV% RTeV T_TcVe cxR]ZdR_e ]V aRddRXV Uf__^R_ZWVdex Rf ^R_ZWVdex% Uf TYRd Rf Td^d% _e xex UZgVcdVddV]_ ]Vd Tf]efcVd% ^RZd efeVd dfXXwcV_e ]"ZUxV U"f_V mVhaR_dZ_ p%U"f_ ^fgV^V_e UV ceReZ_ Rfefc U"f_ RhV Z^^SZ]V% TV]fZTZRXZddR_e dR_d RXZc% dV]_ f_V Wc^f]V TYZ_ZdV( Dfd cVecfg_d]t ]V WR^Vfh mêVfc Z^^SZ]Vp RcZdeex]ZTZV_( BR cVacxdV_eReZ_]R a]fd dZâ]V% bf"_ cV_T_ecV V_ XcR_U _^ScV dfc UVd S[VedacxYZdecZbfVd% UwdP 5S TMIRW$dV^S]VeZ]% Vde ]V aZ_e Z_TZdxRf TV_ecV U"f_ TVcT]V% ]V TV_ecV xeR_e ]V dZX_V Uf FcZ_TZaV RXZddR_eUR_d ]V 9d^d aRc ]V îV_ Uf 9ZV]% ]V TVcT]V f ]R TZcT_WxcV_TV%]"RfecV a}]V UV ]R CR_ZWVdeReZ_% ]V C_UV( :V a]fd% ]V TV_ecV Vde]"f_Zex Ve ]V TVcT]V ]V ^f]eZa]V%

dTV bfZ VhacZ^V SZV_ ]Vd TRcRTewcVd cVdaVTeZWd UV ]";ddV_TV Ve UV]R HfSdeR_TV f_ZgVcdV]]Vp( #GV_x=fx__%AB& 7

HgRdeZ\RxXiaeZV_(

HgRdeZ\Rt UVfhUfS]VddaZcR]VdRgVTf_ bfRUcZ]SVTV_ecR](

7ce^xUZxgR]%G===OdZwT]V(

IfeVWZd% dZ ]"RTeV UV ]R 9cxReZ_% UR_d efeV dR a]x_ZefUV% d"VdeVWWVTefx t aRceZc U"f_ TV_ecV% Z] Vde _xTVddRZcV bfV TV]fZTZ _V dZeaRd dVf]V^V_e mTV_ecVp ^RZd RfddZ Ve dfcefe m^Z]ZVfp% T"VdetUZcV ]V aZ_e xbfZUZdeR_e UV efeVd ]Vd aRceZVd UV ]R CR_ZWVdeReZ_%]V TV_ecV _"xeR_e T_dZUxcx bf"V_ ]fZ^y^V% Z_UxaV_UR_e UV efeVTcxReZ_% R]cd bfV ]V ^Z]ZVf _V aVfe yecV V_gZdRXx bfV UV ]"VhexcZVfc% U_T aRc cRaace t ]R CR_ZWVdeReZ_ T_TcxeZdxV% T"VdetUZcVUV ]"RTeZ_ Uf FcZ_TZaV Rf dVZ_ UV ]R 9cxReZ_ U_e ]R Wc^V gZdZS]V Vde EUYZ__ TYVj ]Vd =Vc^RZ_d% ;dfd TYVj ]Vd =Rf]Zd Ve =R_VdYR% WZ]d UV HYZgR% mTV]fZ bfZ }eV ]Vd SdeRT]Vde* t T^^V_TVcaRc TVfh bfZ VâyTYV_e ]R 9cxReZ_( EfecV ]R cfV% ]Vfc RfecV di^S]V Vde ]V dgRdeZ\R a]RZcV RfbfV] d"Raa]ZbfV_e efeVd ]Vd acxTZdZ_d bfV _fd gV__d U"VhadVc( 9VaV_UR_e% a]fd bfV afc ]RcfV f ]V TVcT]V TV_ecx% ]"x]x^V_e U^Z_R_e RfbfV] dV cRaaceV]R WZXfcV Uf dgRdeZ\R Vde ]V m^Z]ZVfp% U"~ UxcZgV_e efeVd ]VdRfecVd dZX_ZWZTReZ_d Uf di^S]V V_ bfVdeZ_( BR ceReZ_ Uf dgRdeZ\R bfV ]fZ ZâcZ^V d_ ^Z]ZVf aRc cRaace t f_ RhV WZhV Ve Z^^SZ]V% ^RZd dR_d afc RfeR_e aRceZTZaVct TV ^fgV^V_e%cVacxdV_eV ]V c}]V gZgZWZR_e Uf FcZ_TZaV #=R_VdYR$ cRaacex t]"cUcV Td^ZbfV( HZ ]R cfV% ]V TVcT]V TV_ecx Ve ]V dgRdeZ\R d_e efdUVd di^S]Vd Uf ^fgV^V_e XZcReZcV% TV UVc_ZVc di^S]ZdV f_^fgV^V_e UV _RefcV aRceZTf]ZwcV% f_d ^fgV^V_e bfR]ZWZxp4 Z]cVacxdV_eV ]"RTeZ_ Uf FcZ_TZaV Ve aRd dVf]V^V_e ]V FcZ_TZaV V_]fZ^y^V dfc ]V C_UV% V_XV_UcR_e% T^^V ]V acxTZdV ]V%

I $dR_d ]Z^ZeV Ve UV ^R_ZwcV Z_T^^V_dfcRS]V% efeVd ]VdTYdVd Ve yecVd UV ]R 9cxReZ_ Zddfd UV 8cRYû fM$mq^VacZ^cUZR]VJ$ ]";^Sci_ U"c ")

cV]wgV_e% ^xeRaYidZbfV^V_e% U"f_V UxeVc^Z_ReZ_ UR_d ]"Z_UxWZ_Z%]VbfV] Vde Zddf Z_gRcZRS]V^V_e Uf WZ_Z U_e Z] _"Vde bf"f_ UxgV]aaV^V_e di^S]Zdx aRc ]Vd cRi_d UR_d ]V TRd U"f_V cfV% f ]VaZ_e TV_ecR] afc ]V TVcT]V( 7f T_ecRZcV% ]V dgRdeZ\R% aRc dR Wc^VfgVceV Ve a]fd Ui_R^ZbfV% Vde ]R afcV RWWZc^ReZ_ UV TV bfZ UxaRddV efeV UxeVc^Z_ReZ_% efe T_UZeZ__V^V_e% efeV ]Z^ZeV% ]Zxt ]"VdaRTV Ve)f Rf eV^ad( D"xeR_e Sc_x aRc cZV_ bfZ ]fZ dVcRZe VhexcZVfc% T_ecRZcV^V_e t ]R cfV f Rf TVcT]V TV_ecx% ]V dgRdeZ\R cV]wgV UV ]"?_WZ_Z Ve UV ]"?]]Z^Zex% d"xeV_UR_e Rf mIfep% Rf dV_df_ZgVcdV] Ve RSd]f Uf eVc^V% dR CR_ZWVdeReZ_ dV UxgV]aaR_etecRgVcd efd ]Vd C_UVd% ax_xecR_e UR_d ]R mFddZSZ]Zex eeR]Vp bfZ_V aVfe T__R{ecV UV ]Z^ZeReZ_% Ve ReeVZX_R_e ^y^V ]V U^RZ_V UV]"?_T__RZddRS]V(

*& SY IRX GIR MTeXIGI KIIX PI FSPI HY

HZ ]V TV_ecV RaaRcR{e T^^V ]V aZ_e UV UxaRce UV efeV CR_ZWVdeReZ_% ]V FcZ_TZaV UZgZ_ U"~ efe acTwUV% Z] Vde RfddZ Ve _xTVddRZcV^V_e f_ aZ_e UV cVefc4 efe Vde Zddf UV ]fZ Ve efe UZeWZ_R]V^V_e i cVgV_Zc( BV FcZ_TZaV V_XV_UcV ]R 9cxReZ_ ^RZd%teVc^V% WZ_Ze ef[fcd aRc mcxZ_exXcVcp TV bf"Z] RfcR T_ecZSfxtTcxVc( J_ dgRdeZ\R V_ ^fgV^V_e ceReZW UxgV]aaV f_ UfS]V^fgV^V_e aadx Ve T^a]x^V_eRZcV4 U"RScU% Uf CZ]ZVf gVcd]Vd Vhecx^Zexd UV dVd ScRd TfUxd Ve% RfUV]t% gVcd ]"VhexcZVfc Z_WZ_Z f ^fgV^V_e TV_ecZWfXV m]"VhaR_dZ_ acZ_TZaZV]]Vp fmT_UV_dReZ_p #TW(TZUVddfd%l 1$% V_dfZeV% UV ]"VhexcZVfc gVcd]V CZ]ZVf f ^fgV^V_e TV_ecZaweV ]R_ UZddZaReZ_p f md]feZ_p% TV UfS]V ^fgV^V_e xeR_e T_dZUxcx aRc ]Vd UTecZ_VdYZ_UfVd T^^V ]"Z^RXV UV ]R mcVdaZcReZ_ Td^ZbfVp #TW( TZUVddfd%l /$( BVd dfcTVd TV]eVd% XcVTbfVd% c^RZ_Vd% xXiaeZV__VdVe RjewbfVd _e RddZ^Z]x TV ^fgV^V_e UV UZRde]V Ve UV dide]V%__ dR_d cRZd_%t ]R W_TeZ_ aYidZ]XZbfV Uf Tfc4 ]V dR_X aRceUf TV_ecV UV ]"Y^^V ^ZTcTd^ZbfV% Z^RXV V_ cxUfTeZ_ UV]"J_ZgVcd ^RTcTd^ZbfV% ZccZXfV ]"V_dV^S]V UV ]"cXR_Zd^V% afZdcVgZV_e t d_ FcZ_TZaV% ]V Tfc(

DK]^SUK TKZYXKS]*

gVkWOX N#_XO P\S]O N_ @KQR\OL*

@Y^SP N#_X M_V)NO)VKWZO WkNSkKV$?KXQVOb( G===O ]SjMVO%*

#!

9YcZde UV DRcS__V(

9cZh ]ReZ_V Ve dgRdeZ\R(

O9V]RP mTccVda_U O((( P t ]"ZUxV bfV _fd UxdZc_d O((( P _fd WRZcVUf 9V_ecV UR_d ]R a]x_ZefUV UV dR dZX_ZWZTReZ_(p

#GV_x =fx__% PIW I HI P GMIRGI W fI

B"RddZ^Z]ReZ_ dgRdeZ\R)Tfc R ecfgx dR cVacxdV_eReZ_ a]RdeZbfV UR_d UV _^ScVfdVd fgcVd R_eZbfVd% _eR^^V_e xXiaeZV__Vd Ve XcVTbfVd% Ve ^xUZxgR]Vd% ~ dfgV_e f_V UZgZ_Zex ZâceR_eVUV _RefcV fcR_ZV__V% T^^V EUYZ__% aRcWZd IYc% 8cRYû% KZdY_f% EdZcZd f V_TcV ]V 9YcZde ]fZ^y^V% eV] TV]fZ UV DRcS__V%aceV_e f_ dgRdeZ\R t ]"Vâ]RTV^V_e Uf Tfc% TV]fZTZ xeR_e aVcvfT^^V ]V Ic}_V f ]V GiRf^V UV :ZVf% ]V dZwXV UV ]"R^fc UZgZ_afc ]Vd Y^^Vd% ]V CR{ecV Uf dfWW]V TYVj ]Vd eR|deVd% ]R Bf^ZwcVVe ]";dacZe% ]ZVf UV ]R dRXVddV Ve UV ]"Z_eV]]ZXV_TV( J_V ZUxV dZ^Z]RZcVVde WZXfcxV aRc ]V gRdV% dfSdeZefe Uf Tfc afc ]Vd ;XiaeZV_d% c_xU"f_ dgRdeZ\R f V_TcV U"f_ Tfc% dfgV_e V_W]R^^x% cVacxdV_exdVf] f adx Rf TV_ecV U"f_ dgRdeZ\R% WZXfcV bf"_ cV_T_ecV V_;fcaV UfcR_e ]V CiV_ 7XV #M??VM?KVdZwT]Vd$(

+& I aXSMPI TSP I IX P4 RHI ; WI

B"ZâceR_TV Uf TV_ecV UR_d ]V di^S]Zd^V Uf dgRdeZ\R% dfcefe]cdbf"_ ]V cRaaceVt f_V daYwcV Tx]VdeV f eVccVd IV ^f_ZV UVd_ RhV _cUdfU% aVfe yecV ^ZdV V_ cV]ReZ_ RgVT ]";eZ]V a]RZcVf F]RcZd% ]V 9V_ecV RSd]f Rfefc UfbfV]% aVcaxefV]]V^V_e% d"cU__V_e Ve efc_V_e ]V mWZc^R^V_e Ve ]"V_dV^S]V UV ]R 9cxReZ_Td^ZbfVp #=( UV 9YRâVRfh Ve H( HeVcT\hd #E(/(8($%I I HIW

PIW#&reZ]V 7]aYR UV ]R FVeZeV EfcdV% ]"reZ]V _V acZe ]V bfR]ZWZTReZW UV ma]RZcVp bf"Rfh V_gZc_d UV +.** Ra(>*)M*(Ve Wfe afc]R bfRdZeeR]Zex UVd TZgZ]ZdReZ_d ]"xeZ]V dRTcxV aRc VhTV]]V_TV%t ]RWZd UV^VfcV UVd :ZVfh f mIc}_V UVd1 $ T^^V afc ]Vd7^xcZ_UZV_d% ]Vd 7jewbfVd% ]Vd 7WcZTRZ_d Ve ]Vd 9YZ_Zd #I"ZVfAZ$%Ve ]V aZ_e aRc ]VbfV] d"VhVcTV ]"RTeZgZex Tx]VdeV Ve Td^ZbfV( 8ZV_dfgV_e% V]]V Vde ]V mT]f Uf 9ZV]p afc ]Vd IfcTIReRcVd% bfZ WZhV]R 9cxReZ_% ]R meV_eV Tx]VdeVp% ]V maZ]ZVcp%]V m_^ScZ] Uf 9ZV]p%]R mT]__Vp f V_TcV ]V maeVRf d]RZcVp afc ]Vd aVfa]Vd R]eR|bfV% XVc^RZ_ Ve TV]eV( Ffc ]Vd aVfa]Vd TYZ_Zd% R^xcZ_UZV_ VeR]eR|bfV #ITYf\eTYVd$% ]R F]RZcV Vde f_V fgVcefcV ^x_RXxV UR_d

#"

]R geV Tx]VdeV aRc ]RbfV]]V T^^f_ZbfV_e ]Vd ecZd ^_UVd% dVcgR_e aRcWZd UV TYV^Z_ afc ]R ^_exV f ]R UVdTV_eV UVd UZgZ_Zexd f UVd Yxcd ]xXV_URZcVd( FdZeZ__xV Rf a}]V DcU% V]]V V_ Vde]R cVacxdV_eReZ_ aYidZbfV Ve cVW]weV 6U"RTeZgZex UZgZ_Vp UR_d ]V9ZV]% T^^V UR_d ]R ecRUZeZ_ Zd]R^ZbfV% Ve T_deZefV UV TV WRZe ]VFcZ_TZaV U"~ efe x^R_V%

mVe ]V TYVW Rfefc UfbfV] XcRgZeV_e ]Vd RdecVd% T^^V f_V TfcRfefc UV d_ cZp(

#@(9YVgR]ZVc Ve 7( =YVVcScR_e% HIW W PIW

:"RZ]]Vfcd% Rf dVZ_ UVd dTZxexd ecRUZeZ__V]]Vd% ]V 9V_ecV% ]V a}]VDcU Ve ]"reZ]V a]RZcV WfcV_e ef[fcd RddTZxd% R_R]XZbfV^V_e%Rf dfgVcRZ_ eVccVdecV% a}]V f TV_ecV Uf ciRf^V% ]fZ^y^V f_ZgVcd ]Z^Zex Ve mTV_ecxp #TW( TZUVddfd$ TâceR_e f_ 9V_ecV XxXcRaYZbfV% âYR]d f ^SZ]ZT4 TV bfZ Wfe ]V TRd afc ]R =Rf]V%]R =cwTV% ]"?c]R_UV% ]R 9YZ_V% VeT( 9V_ecV ]f^Z_Vfh Ve eYxaYR_ZbfV%]R F]RZcV dfc^_eV dfgV_e 6U"7hV Uf C_UVp% t ]"VhVâ]V UfC_e CVcf Z_UZV_ dfc ]VbfV] V]]V [VeeV dVd WVfh% Uf C_e Hf^SfcUVd aVfa]Vd fcR]R]eR|bfVd5 ]R ^_eRX_V TYVj ]Vd 7cRSVd fV_TcV ]V % $ mC_eRX_V Uf CZ]ZVf Uf C_UV$ TYVj]Vd 9YZ_Zd( HZ ]Vd 7_TZV_d _e T_dZUxcx ]";eZ]V a]RZcV T^^V f_di^S]V W_UR^V_eR]% Z]d ]R ^ZcV_e ecwd gZeV V_ cV]ReZ_ RgVT f_VT_deV]]ReZ_ UV XcR_UV ZâceR_TV% ]R =cR_UV EfcdV f =cR_U9YRcZe% ]R YZ_UfV% ]R% TYZ_ZdV RddZ^Z]xVV_ 9YZ_V t ]R 8R]R_TV f Rf 8ZddVRf % ]"JcdR CR[c UVd G^RZ_df V_TcV ]V m9YRcZe UV LUV_ f LeR_p UVd =Vc^RZ_d( 9â]x^V_e ]XZbfV UV ]R F]RZcV% ]V m

ABC8

HVaeV^ScV :xTV^ScV

BVdUZgVcdVd aYRdVd UV ceReZ_ UV ]R=cR_UV EfcdV Rfefc UV ]"reZ]Va]RZcV(

H

KRcZxexdUV dgRdeZ\RXVc^R_ZbfVd(

GRaacexV t f_ dgRdeZ\R efc_R_e% ]R F]RZcV Z_UZbfV ]V TV_ecV UV]R TcZh Rfefc UfbfV] dV ^VfgV_e% ef[fcd UV UcZeV t XRfTYV%]Vd bfRecV adZeZ_d TRcUZ_R]Vd R__fV]]Vd RddZ^Z]xVd Rfh bfRecVScR_TYVd TfUxVd UV ]R TcZh% ]V efe di^S]ZdR_e ]V mdfWW]Vp f]R mcVdaZcReZ_ Td^ZbfVp U_e ]V FcZ_TZaV Vde :ZVf% U_e ]Vd YRc^_ZVfdVd Ve aVcaxefV]]Vd ceReZ_d dfc ]R geV Tx]VdeV xeZ]xV ^R_ZWVdeV_e ]R efeVafZddR_TV( BV ^fgV^V_e R__fV] Uf dgRdeZ\R)=cR_UV EfcdV T^^V_TV Rf UxSfe UVd bfRecV dRZd_d Ve t f_ ^ZdacxTZd4 ^Rcd afc ]V acZ_eVâd% ~ ]R =cR_UV EfcdV UxSfeV dRTfcdV t ]";de Ve ]"RTYwgV t ]"EfVde5 [fZ_ afc ]"xex% UxSfe Rf DcUEfVde Ve WZ_ Rf HfUEfVde5 dVaeV^ScV afc ]"Rfe^_V% UxSfe t]"EfVde Ve WZ_ t ]";de% Ve% V_WZ_% UxTV^ScV afc ]"YZgVc% UxSfe Rf HfUVe WZ_ Rf DcUEfVde( 9VeeV XZcReZ_ Td^]XZbfV cVgyeRZe% t ]"Z_deRc Uf dgRdeZ\R% f_V XcR_UV ZâceR_TV afc ]Vd 7_TZV_d bfZ igiRZV_e% fecV ]R efeVafZddR_TV UZgZ_V% ]"xeVc_V] cVefc Ve ]V TiT]VaVcaxefV] UVd _RZddR_TV)gZV)^ce)cV_RZddR_TV UVd yecVd Ve UVdTYdVd( ?] UV^VfcV ef[fcd U"f_V XcR_UV ZâceR_TV afc ]RWcR_T^Rv__VcZV #TW( TYRaZecV ?K%l ,$(

$# . ) ! 0, " 0,8,

?^RXV UV ]"J_ZgVcd Ve Uf FcZ_TZaV% ]";âVcVfc% dfcefe ]"VâVcVfc TYZ_Zd% RcTYxeiaV UVd dfgVcRZ_d ecRUZeZ__V]d% cxdZUV% _fd]"Rg_d UZe #TW( TZUVddfd%l ,$% UR_d f_V UV^VfcV TV_ecR]V( ;_9YZ_V% TV ]ZVf Vde ]VK K$ ]fZ^y^V dZefx Rf TV_ecV UV ]R9YZ_V Rfh _VfW acgZ_TVd% ]V mGiRf^V Uf CZ]ZVfp% U_T% aRcR_R]XZV% Uf 9V_ecV dfacy^V UV ]"J_ZgVcd( 9VeeV SueZddV% xUZWZxVdfc ]V acZ_TZaV U"f_ TRccx ^RXZbfV% dV TâdRZe U"f_ eZe c_UVe U"f_V SRdV TRccxV Ve TâceRZe _VfW dR]]Vd #TW( TZUVddfd%l ,$UZdadxVd VhRTeV^V_e T^^V ]Vd _VfW acgZ_TVd UV ]";âZcV VeTâceR_e UfjV fgVcefcVd dfc ]"VhexcZVfc% ecZd dfc TYRbfV WRvRUV% UVfh dfc TYRTf_V UVd dR]]Vd U"R_X]V5 ]R aZwTV TV_ecR]V _"V_RgRZe bf"f_V dVf]V( B"V_dV^S]V cVacxdV_eV V_ WRZe f_ jUZRbfVdRTcx UV UfjV ^Zd4 ecZd fgVcefcVd TccVda_UR_e Rfh ecZd^Zd Uf acZ_eVâd #WRTV cZV_eR]V$% ecZd afc ]"xex #WRTV ^xcZUZ_R]V$% ecZd afc ]"Rfe^_V #WRTV TTZUV_eR]V$ Ve ecZd afc ]"YZgVc

#$

#WRTV dVaeV_ecZ_R]V$( 7WZ_ U"cU__Vc Ve UV ^VdfcVc ]";daRTV% Ve]V IVâd% Ve UV ^RZ_eV_Zc ]R 9cxReZ_% V_ ]ZRZd_ RgVT ]Vd dRZd_dVe ]Vd EcZV_ed% ]V dfgVcRZ_ RTTâ]ZddRZe% Rf Tfcd Uf TiT]V R__fV]% f_ maRcTfcd Z_ZeZReZbfVJ$ f_V TZcTf^R^Sf]ReZ_ dRTcxV% dVa]RvR_e dfTTVddZgV^V_e Rfh UfjV deReZ_d ciR]Vd TccVda_UR_eRfh UfjV fgVcefcVd acaZTVd t ]R ac^f]XReZ_ UVd cU__R_TVd" I%PMRK#T_gV_R_e Rfh UfjV ^Zd% ]V dfgVcRZ_ d"ZUV_eZWZR_e Rfh mUfjV d]VZ]dp( acTYVd UVd UfjV 7UZeiRd YZ_UfdVe UVd mUfjV WcfZed UV ]"7cScV UV KZVp UV ]"7aTR]iadV( BV aRcTfcd ciR]% bfZ UZe dfdTZeVc ]"RaaRcZeZ_ Uf TiT]V Tâ]Ve UVd[fcd TâdR_e f_V R__xV% d"VWWVTefV dV]_ ]R ceReZ_ U"f_ dgRdeZ\R UVhecXicV% U_T d]RZcV% V_ dV dfgV_R_e bfV ]Vd aZ_ed TRcUZ_Rfh TYZ_Zd d_e Z_gVcdVd aRc cRaacet f_V ceReZ_ a]RZcV%]Vfc HfU xeR_e Rf _cU% VeT( FcxTZd_d bfV TV aRcTfcd

md"VWWVTefRZe ef[fcd RgVT cVefc Rf TV_ecV% ^RcbfR_e ]V ^Z]ZVfUV ]"R__xVp #GV_x=fx__% I I

(( (]V dfgVcRZ_ mcxZ_exXcR_ep ]V mîVfp TV_ecR] Uf dgRdeZ\R%]ZVf UV ]xXZeZ^Zex Ve Uf FcZ_TZaV UV efeV TYdV(

cVdecVd% ]"J_ZgVcd(f ecRgVcd ]Vd dZX_Vd% efe ]V acTVddfd UV ]R 9cxReZ_ Vde Z_dTcZe4 IRfcVRf"4C

]"xg]feZ_% dfZgZ UV ]R UZdeZ_TeZ_ Ve UV ]R T]RddZWZTReZ_ UVd Cf]eZa]Vd% RgVT efeVWZd f_ cR]V_eZddV^V_e UV ]"xg]feZ_5 ]V ecZdZw^V#KZVcXV% 8R]R_TV% HTcaZ_$% ]"RTTx]xcReZ_ UV ]"xg]feZ_ d" RTTâRX_R_e UV ]R deRSZ]ZdReZ_ Ve UV ]R YZxcRcTYZdReZ_ UVd yecVd5 Ve%V_WZ_% ]R bfRecZw^V #HRXZeeRZcV% 9RacZTc_V% KVcdVRf$% ]V ecZâYVUVd FcZ_TZaVd UV ]R dfS]Z^ReZ_% T_dTZV_TV W_TeZ__R_e ]ZScV^V_eYcd UVd a]R_d UV ]R CR_ZWVdeReZ_ Ve ]"RS]ZeZ_ Uf eVâd% UV ]"VdaRTV Ve UV ]R ^ReZwcV% U_T ]V cVefc Rf TV_ecV Uf dgRdeZ\R% ]R cxZ_exXcReZ_ RgVT ]V FcZ_TZaV f_ Ve f_ZgVcdV]% :ZVf(

BV TiT]V dV aVcaxefR_e% TVeeV cxaRceZeZ_ aRc m bfRceZVcd! UR_d ]VjUZRbfV Tx]VdeV ecfgV d_ cVW]Ve UR_d ]V jUZRbfV eVccVdecV UV]"cXR_ZdReZ_ UVd gZ]]Vd UV ]"?_UV Ve UV ]"7dZV ecRUZeZ__V]]Vd% UZgZdxVd V_ bfRecV bfRceZVcd% cZV_exd dV]_ ]Vd aZ_ed TRcUZ_Rfh% TccVda_UR_e Rfh bfRecV TRdeVd4 ]Vd 8cRY^R_Vd #bfRceZVc _cU$% ]VdAdYRecZiRd #bfRceZVc Vde$% ]Vd KRZdYiRd #bfRceZVc dfU$ Ve ]Vd HUcRd#bfRceZVc fVde$( BR TZex% Xx_xcR]V^V_e UV Wc^V TRccxV #]R deRSZ]Zex$% Vde R]cd ]"Z^RXV Uf jUZRbfV ~ ]Vd aZ_ed TRcUZ_Rfh TccVda_UV_e SZV_ xgZUV^^V_e Rfh dRZd_d4 d]deZTV U"YZgVc )DcU%xbfZ_hV UV acZ_eVâd);de% d]deZTV U"xex)HfU% xbfZ_hV U"Rfe^_V)EfVde( GV_x =fx__ acxTZdV4

m:R_d ]R UZgZdZ_ V_ !bfRceZVcd!% TYRTf_ UV TVfhTZ UVgcR _RefcV]]V^V_e TccVda_UcV t ]"V_dV^S]V Wc^x aRc ecZd UVd UfjVdZX_Vd jUZRTRfh4 f_ UVd dZX_Vd d]deZTZRfh f xbfZ_hZRfh%bf"_ aVfe RaaV]Vc dZX_Vd !TRcUZ_Rfh!% Ve ]Vd UVfh dZX_Vd RU[RTV_edt TV]fZ]t(I? b RfcR U_T ecZd dZX_Vd TâcZd UR_d TYRbfV!bfRceZVc! O(((>*e " SPIW HI GMIRGI W fI

BR cxaRceZeZ_ UVd TRdeVd Rf dVZ_ UV ]R TZex dfZe Z_xgZeRS]V^V_e ]R^RcTYV Uf TiT]V R__fV] Ve di^S]ZdV% R_R]XZbfV^V_e% ]V W_TeZ__V^V_e UV ]"J_ZgVcd( :V TV WRZe% cRaacex t ]R ceReZ_ Uf dgRdeZ\R TiT]ZbfV% ]V dV_d UV ]R XZcReZ_% ef[fcd UV _RefcV d]RZcV f

UxSfeV Rf d]deZTV U"YZgVc% Rf DcU"A $ aZ_e UVUxaRce UV ]R IcRUZeZ_% ]ZVf UVd 8cRY^R_Vd U_e ]R _RefcV Vde ma]RZcV!% Ve dV afcdfZe aRc ]";de% ]Vd AdYRecZiRd% UV _RefcV md]RZcV p%]V HfU% ]Vd KRZdYiRd% x]ZX_xd UVd Bf^ZwcVd a]RZcV Ve d]RZcV% Ve]"EfVde% ]Vd HYUcRd%d TRdeV UV ]"SdTfcZex Ve UVd ex_wScVdp dV]_]Vd eVheVd YZ_Ufd( BV Tfcd UV TV jUZRbfV eVccVdecV WRZe R]cd Vha]ZTZeV^V_e cxWxcV_TV t ]R IcRUZeZ_ cZXZ_V]]V a]RZcV% Z_ZeZxV Ve ZâcexV aRc ]Vd aVfa]Vd RciV_d( ?] T_gZV_e RfddZ UV dZX_R]Vc bfV TVTiT]V R__fV] Vde UZgZdx V_ f_V ^ZeZx RdTV_UR_eV% axcZUV UV^RcTYV Uf H]VZ] mgZdZS]Vp gVcd ]V DcU"YXX R]]R_e Uf d]deZTV U"YZgVc Rf d]deZTV U"xex% d"fgcR_e aRc ]R maceVp d]deZTZR]VU"YZgVc% ]R maceV UVd :ZVfhp bfZ U__V RTTwd RfH % mU^RZ_V UVd :ZVfhp( Ve f_V ^ZeZx UVdTV_UR_eV% axcZUV UV ^RcTYV

9VcT]V Ve dgRdeZ\R( CdR|bfV acgV_vR]V% Rce ^xUZxgR]%G=OdZwT]V(

:fS]V ecRTxt . dgRdeZ\RVhTV_ecxd#7_X]VeVccV$(

9xcR^ZbfV Z_UZV__V(

-1

HgRdeZ\R V_d He*

HgRdeZ\R[Ra_RZd(

HgRdeZ\RT^adx UV UVfh UfS]VddaZcR]Vd(

Uf H]VZ] mZ_gZdZS]Vp f mH]VZ] _Zcp%TV]fZ UV ]"TTf]eReZ_ UfFcZ_TZaV TRTYx UV ]"x_VcXZV UR_d ]V ^_UV xeYxcZbfV% gVcd ]V HfU"85CD;

]Vd eVheVd gxUZbfVd Ve YZ_Ufd" $VeT($ Ve]Vd RfeVfcd R_eZbfVd #:ZUcV UV HZTZ]V% >xTRexV U"7SUwcV% VeT($%TRc ]"Yf^R_Zex% aRcWRZeV^V_e xbfZ]ZScxV Ve Z_W]fV_TxV aRc ]R mBf^ZwcV Uf DcUp(dk cxWxcRZe Ve SxZddRZe Rf dVf] FcZ_TZaV% d_ Tâ]x^V_e _RefcV]( 7 aRceZc UV ]R mTYfeVp #TW( TYRaZecV ]%l ,$% ]R^RcTYV UVdTV_UR_eV Uf TiT]V Ve ]R ^ZXcReZ_ YiaVcScxV__V bfZd"V_dfZgZe% ]V dgRdeZ\R md"Z_gVcdVp Ve UVgZV_e UVhecXicV t ]R dfZeVU"f_V cxg]eV% dV UfS]R_e acSRS]V^V_e U"f_ dTYZd^V daZcZefV]%U"f_V Z_gVcdZ_ Uf Tfcd _c^R] UVd afgZcd4 ]R cxg]eV UVd cVacxdV_eR_ed Uf afgZc eVâcV]% UVd XfVccZVcd #AdYRecZiRd Z_UZV_d$% RiR_e ]"fcd afc V^S]w^V Ve Z_TRc_R_e ]V acZ_TZaVmcxTVaeZWp% T_ecV ]Vd cVacxdV_eR_ed UV ]"RfecZex daZcZefV]]V% ]VdmHR_X]ZVcd p% ]Vd UxeV_eVfcd ]xXZeZ^Vd UV ]R 9__RZddR_TV acZ^cUZR]V% Z_TRc_R_e ]V acZ_TZaV RTeZW Ve UZgZ_% m RTeZ__R_ep ]Vd acV^ZVcd( CRZ_eVd ecRUZeZ_d #TV]eVd% XVc^R_ZbfVd% Z_UZV__Vd%XcVTbfVd% VeT($ _fd _e T_dVcgx TVeeV cxg]eV dfd ]R Wc^V UVîeYVd% _eR^^V_e TV]fZ UV ]R TYRddV Uf dR_X]ZVc UV 9R]iU_ aRc7eR]R_eV% ]R mWZ]]V UV ]"EfcdVe* bfZ _RccV ]V cVâ]RTV^V_e UfmTiT]V Uf HR_X]ZVc S]R_Tp UV _RefcV a]RZcV% ]VLMSgX % % P $]V 9V_ecV cZXZ_V] a]RZcV xeR_e UxdZX_x T^^V ]R mIVccV Uf dR_X]ZVcp f $aRc f_ _fgVRf TiT]V% ]V mTiT]V UV ]"fcdp( UV_RefcV d]RZcVt ]"cZXZ_V% ]R mIVccV Uf dR_X]ZVcp UVgV_R_e ]R mIVccVUV ]"fcdp( R]cd bfV% dfc ]V a]R_ Td^]XZbfV% ]R T_deV]]ReZ_a]RZcV cZXZ_V]]V Uf HR_X]ZVc f UV ]R 8R]R_TV UVgZ_e TV]]V UV ]R=cR_UV EfcdV f TX M TYVj ]Vd >Z_Ufd% UV^VfcV di^S]ZbfV UVd dVaeWLM@(Jkd dVae mBf^ZwcVdp aRc ]VdbfV]d WfeecR_d^ZdV Rfh TiT]Vd dfZgR_ed ]R HRXVddV Uf TiT]V acZ^cUZR]( ;_9YZ_V% ]"xTY UV TVeeV\xg]eV dV ecRUfZdZe aRc ]R ]feeV V_ecV UVfhUi_RdeZVd% ]Vd$ ]k mdR_X]ZVcdJ$ Ve ]Vd ]Vd mfcdp( bfZRUaewcV_e U"RZ]]Vfcd ]V dgRdeZ\R UVhecXicV( BV ]ZVf ~ dV acUfZdZe ]"Z_gVcdZ_ Uf dZX_V UZe yecV ]TR]Zdx Rf dVZ_ UV TV dfSdeZefe Uf 9V_ecV cZXZ_V]% UVgV_f Z_RTTVddZS]Vt ]"Yf^R_Zex cUZ_RZcV%bfV Wfe ]"7e]R_eZUV% ]ZVf acSRS]V UV ]R cxg]eV% f aRc^Z ]Vd acV^ZVcd UVdTV_UR_ed Re]R_exV_d% Uf ^Z_d aRd RgR_e ]"uXV Uf Sc_jVf U"RZcRZ_% axcZUV meZeR_ZbfVp #+1*** Rg(>*)M*%(xabfV ~% dZX_ZWZTReZgV^V_e% ]Vd dgRdeZ\R UVhecXicVd RaaRcRZddV_e Ve dV cxaR_UV_e( BR UVdTV_eV ef[fcd a]fd gVcd ]V HfU U"ZâceR_edXcfaVd U">iaVcScxV_d ]Vd ^ZcV_e V_ T_eRTe RgVT UVd aaf]ReZ_d __ YiaVcScxV__Vd #dx^ZeZbfVd Ve _xXc|UVd$ gV_fVd UV ]RîeYZbfV Bx^fcZV% Z_W]fV_TxVd aRc ]R mBf^ZwcV Uf HfUe* addxUR_e f_V daZcZefR]Zex t U^Z_R_eV Wx^Z_Z_V% TYeY_ZV__V Ve ]f_RZcVZddfV UVd TciR_TVd Ve UVd TâceV^V_ed RaaRcfdt ]R dfZeV UV]R TRaeReZ_ UV ]R Bf_V aRc ]R IVccV Rfh V_gZc_d UV +*/** R_dRg(>*)M*(]VdbfV]]Vd RSdcSwcV_e f Z_W]fV_TwcV_e TVceRZ_d XcfaVd

8O_a Mk\KWS[_O] NOE\KX]YaSKXO(FSVVO]SjMVO*

DK]^SUK \YWKSX Y_ YRGYW&

?K 0AE@*)M*

#

R S

HgRdeZ\RUVhecXicV(S) HgRdeZ\Rdx_VdecXicV(

BRUfS]V daZcR]V(

BV iZ_iR_X f 35xTRexV U"7SUwcV% BRedVf% VeT($Ve ^UVc_Vd #;( BVSRdbfRZd% GV_x =fx__% VeT($ _"_e aRd ^R_bfx UV ^VeecV ]"RTTV_e dfc ]V ]ZV_ bfV TVd UVfh eiaVd UV dgRdeZ\RV_ecVeV_RZV_e RgVT TVe RfecV di^S]V acZ^cUZR] bf"Vde ]R UfS]VdaZcR]V% di^S]V bfZ [fR f_ c}]V Z^aceR_e UR_d ]Vd Tf]efcVdXcVTbfV% TV]eV% XVc^R_ZbfV% RdZReZbfV Ve R^xcZ_UZV__V( recZeV^V_e T__VhV RgVT ]V35O%=< "I

BV di^S]Zd^V UV TVeeV WZXfcV Vde V_ WRZe a]fd T^a]VhV(f]"Z^RXV UVd UVfh dgRdeZ\R% f U"f_ dVf]% efc_R_e UR_d f_ dV_d R]eVc_ReZW% V]]V Vde ]V cxdf]eRe UVd ReecRTeZ_d cVdaVTeZgVd Uf 9ZV] Ve UV]R IVccV d"VhVcvR_e V_ dV_d T_ecRZcV ]"f_V UV ]"RfecV4

mIfeV ReecRTeZ_ acUfZe f_ ^fgV^V_e TV_ecZaweV% U_T f_V!T_UV_dReZ_!%t ]RbfV]]V TccVda_UcR% Rf a}]V aadx% f_V!UZddZaReZ_! UxeVc^Z_xV aRc f_ ^fgV^V_e TV_ecZWfXV% UVWRv_t cxeRS]Zc f a]fe}et ^RZ_eV_Zc ]"xbfZ]ZScV eeR](p

#GV_x =fx__%,5 (C5@89 HIVeeV UfS]V WcTV TcxRecZTV Uf 9ZV] Ve UV ]R IVccV cV_gZV t ]R

UfS]V WcTV U"ReecRTeZ_ #UV _RefcVI5@:# Ve UV T_ecRTeZ_ #UV _RefcVI

7]eVc_R_TV UV dgRdeZ\R UVhecXicV Vedx_VdecXicV dfc f_V ]R^aVt YfZ]VUV IcRUV #M??ZVdZwT]V Rg(T()M*%(

7]eVc_R_TV UV dgRdeZ\R UVhecXicV Vedx_VdecXicV dfc f_ gRdV XVc^R_ZbfV#xabfV UVd =cR_UVd ?_gRdZ_d$%

d BVd UVfh aZ_ed Rfefc UVdbfV]d d"V_cf]V_e TVd UVfh daZcR]VdxeR_e ]Vd UVfh a}]Vd(p #GV_x =fx__%AB$7

1T\SL[[LZ TkKPk]HSLZ s Z]HZ[PRH#E9CL ZPjJSL$

9>7F?JH; ???

*- *+$% "#* )#,)*#+ "#* !$-$&$* +$(*

! & &+ & 1&

: W fagfWe ^We UafdwWea} ^W ehSef[]S Xgf Wf Wef WUadW W_b^ajw&U"Wef bdaTST^W_Wf W 7e[W& afS__Wf Sg J[TWf& Sgi ?VWe&W 9Z[W Wf Sg @Sba& cgW ea d[UZW UafWg _wfSbZje[cgWWf eb[d[fgW^ e"Wef ^W _[Wgi UaeWdhw( Ia eWe j Wefs ^S Xa[e ba^S[dW&egdfagf Sg J[TWf Wf W 9Z[W& Wf ea^S[dW& egdfagf Sg @Sba& V"a} ^W XS[fV"SeeaU[Wd& VSe g Tgf VW Ua_b^w_WfSd[fw wh[VWfW& Wf egd g_x_W egbbadf #^[fWSg VW badfW& TS^gefdSVW VW fW_b^W ag VW _S[

,+

$!]

Fa[fW VWX^vUZW& fjbWEA93C;H3"ShWU ^WKJ VwUagbws \agd VW ^SXS_[^^WCSfegVS[dS#EC9PLe[vU^W$(

ea& efSfgWe& _aS[We& WfU($ VWe ehSef[]S VWifdaYjdWe Wf ewWefdaYjdWe #UX( UZSb[fdW ??&m1$( HSdW_Wf X[Ygdw eWg^& ^W ehSef[]S Se[Sf[cgW Wef eaghWf SeeaU[w s gW Xag^W VW X[YgdWe ^We b^ge V[hWdeWeWf bdWV VWe Xad_We bSdXa[e Ua_b^WiWe& bdwXwdSf eW V[ee[_g^WdVSe VW hSefWe WeW_T^We YdSbZ[cgWe ag SdUZ[fWUfgdSgi Ua_b^WiWe& Uaef[fgSf

n^W b^ge eaghWf Q(((^ ^WecgW^WffWV"gW UaefdgUf[aej_Ta^[cgWdWbdweWfSf ^W YdSV Uadbe VW ^"K[hWdep(

9H( 9Zd[ef[YWd&@(;dSU^W& F(Ia^[Wd& F@;F7CD7;>7$!?_badfw bSd ^We hSYgWe egUUWee[hWe VW ^S YdSVW _[YdSf[a Zj

bWdTadwWW& afS__Wf bSd ea YdagbW ad[WfS^& ^We bWgb^We bdwSdjWe ag _x_W Vw\s SdjWe& ^W e[YW eW dWUafdW W 7e[W ShSf_x_W ^"tYW VWe _wfSgi Wf ^"gW VW eWe bdW_[vdWe _Wf[ae UWcg[ [_b^[cgW cgW eS bdweWUW Wf ea gf[^[eSf[a eaf T[W Sfwd[WgdWe eW fdaghW VSe ^W$ adSf ^S bdagW Vg TSfWSgVg Zwdae HS_S& VW Lt^_z][( 7 bSdf[d VWe tYWe VW TdakW Wf Vg XWd&Wf eg[fW Sgi [hSe[ae [VaWgdabwWWe #7djWe& Ja]ZSd[We&Bag^Se& WfU($& eS V[XXge[a VWh[f YwwdS^W Wf ea gf[^[eSf[a fdveXdwcgWfW(

FdweWf VSe fage ^We ejefv_We Wf wUa^We VW bWewW Se[Sf[cgWe#TagVVZ[e_W& Z[Vag[e_W& TdSZ_S[e_W& eZ[hS{e_W& \S{[e_W&eZ[fa{e_W& fSfd[e_W& V[hWdeWe eWUfWe dW^[Y[WgeWe& WfU($& ^W ehSef[]S&cg[ baeevVW g eWe weafwd[cgW Sg eW[ Vg TagVVZ[e_W& dWbdweWfW ^"SUf[a Vg Fd[U[bW s ^"wYSdV Vg _aVW( BW hwV[e_W SdjWWf ^W TdSZ_S[e_W W X[dWf ^W UdwSfWgd Wf ^W egbbadf Vg 9ae_aeVaf ^Wc _S[f[Wp Wef Seegdw bSd ^"wWdY[W h[fS^W"OD $ag $VW 8dSZ_S& ^W 9dwSfWgd VW ^"K[hWde Wf ^W dwhw^SfWgd VW^"?WXXST^W USUZw W fagfWe UZaeWe( 9WdfS[e fWifWe TdSZ_S[cgWe ( CJ:?3@3" Q> WfU($ Vwe[YWf ^W V[Wg Ua__W ^Wc IW[YWgd VW ^S 9da[i fadVgWp baeewVSf& s ^"[efSd Vg ehSef[]S& cgSfdWTdSe Sgi _S[e fadVgWe& Wf Vafw VW cgSfdW fxfWe UaddWebaVSf Sgiba[fe USdV[Sgi& b^ge gW U[cg[v_W Sg UWfdW& Uaef[fgSf ^W9WfdW bd[_adV[S^ ag n^"?hSd[ST^W _[^[Wgp V"a} w_SW ^S 9dwSf[a( FSdXa[e& [^ Wef X[Ygdw VWTagf& baew Sg UWfdW V"g ehSef[]S VWifdaYjdW( 7g eW[ Vg TagVVZ[e_W& ^W ehSef[]S& eaghWf fW[f WdagYW& dWhxf gW [_badfSUW USb[fS^W& cg"a dWfdaghWdS VSe fage^We bSje Se[Sf[cgWe a} WeeS[_S UWffW bWewW( ?^ Wef ^Wc Ugd VW8agVVZSp Wf eW dWfdaghW VW UW XS[f XdwcgW__Wf X[Ygdw egd ^S ba[fd[W" Sg [hWSg Vg J P UaddWebaVSf sHOD ^Wc IW[YWgdp IZ[hS [USdSf ^S 9aS[eeSUW bSdXS[fW Wf ad[Y[W^^W& Wf^W hWf cg[ XS[f _agha[d ^W ehSef[]S egd ea SiW( 7 bdabae VW IZ[hS&UW V[Wg Wef Vwe[Yw ^Wc IW[YWgd VW ^S :SeWI" VSe UWdfS[We VaUfd[We eZ[hS{cgWe Vg DadV VW ^"?VW& SUUa_b^[eeSf& bSd

$$

^S VSeW& ^W _aghW_Wf Vg ehSef[]S eSUdw( ; XS[f& [^c VSeWp ^W_aVW W fagdSf Sgfagd VW ea bdabdW SiW ag UWfdW VW _S[vdWs bdaVg[dW g djfZ_W cg[ UdwW ^W _aVW bZwa_wS^( ; VSeSfWf W wUdSeSf ^W S[ C~^SjS]S& fWSf VSe eS _S[ YSgUZW ^Whwg % g bWf[f fS_Tagd Wf VSe eS _S[ Vda[fW ^WhwW gWX^S__W #^S9aS[eeSUW$ #UX( UZSb[fdW ?L&m+$& IZ[hS Vwfdg[f WfUaefdg[f e[_g^fSw_Wf ^We Xad_We VW ^S _Sf[vdW UaV[f[awWbagd VaWd S[eeSUWs V"SgfdWe Xad_We& Wf S[e[ VW eg[fW( 9"Wef^W d|^W Wf ^"[_SYW _x_W Vg ehSef[]S fagdSf egd ea SiW( BW e[YWW cgWef[a eW dW_SdcgW Sgee[ Wf egdfagf egd ^We efSfgWe Vg 8agVVZS IS]jS_g[ Wf Vg 8agVVZS 7_[ftTZS& ^W CSzfdW VW ^S Bg_[vdW?X[[W w_SwW Vg 9WfdW bd[_adV[S^( ?^ adW wYS^W_Wf ^"W_bdW[fW VWe b[WVe VW 8agVVZS& ShWU V"SgfdWe W_T^v_We #^W âfge&^S nHagW VW ^S Ba[p( ^W #UX( UZSb[fdW ?L&m.$& WfU($& W eaghW[d VWe eWbf bSe cgW 8agVVZS WXSf& ^Wc CWegdWgd VW ^S JWddW p&X[f W V[dWUf[a& egUUWee[hW_Wf& VWe cgSfdW ba[fe USdV[Sgi& ^WecgWê WYWVdvdWf ^We cgSfdW =dSVe Ha[e( BW _aVW Wef Uaugeage gW Xad_W UdgU[S^W Wf USddwW #UX( UZSb[fdW ???&m+$& ^W Uadbe VW8agVVZS& ShWU gW _S[ ^WhwW Wf ^"SgfdW TS[eewW& W Uaef[fgW ^"SiWX[iW Wf [__aT[^W( BW ehSef[]S WfdW Sgee[ VSe ^S UaXWUf[a VWa_TdWgi $ dWbdweWfSf[ae ej_Ta^[cgWe VW ^"K[hWde V[h[&Wf VW H $egbbadfe VW ^S _wV[fSf[a Sgee[ T[W Z[Vag cgWTagVVZ[cgW& afS__Wf VW ^"wUa^W fSfd[cgW( :W Xad_W USddwW& ^W

Wf ^W eaf fag\agde UWfdwe Wf Ua_badfWf ^We cgSfdWbadfWe aghWdfWe egd ^We ba[fe USdV[Sgi eWâ gW Xad_W UdgU[S^W&Uda[i e[_b^W ag ehSef[]S&s ^"WiW_b^W VgJ F egd ^WcgW^7^S[ :S[wâg bdwU[eW cgW4

c 7g adV #hWde ^S YSgUZW$ Wef ^S badfW VWe :[Wgi )7A3#FM@3!"SgegV #hWde ^S Vda[fW$& ^S badfW VWe SUxfdWe 1;EC;#HJ@3!$7 ^"Wef #hWde^W ZSgf$ Wef ^S badfW VW ^S La[WeSUdwW Wfs ^"agWef #W TSe$ ^S badfWdajS^W Q(((@(BWe cgSfdW badfWe _vWf VSe ^We cgSfdW V[dWUf[aeXad_Sf gW Uda[i& ej_Ta^W VW ^"[__adfS^[fw( 9WffW Uda[i eW VwhWâbbW W g VagT^W ehSef[]S cg[ [V[cgW ^W dWfagd Vg bd[U[bWbSd ^We VWgi V[dWUf[ae VwfagdwWe VW ^S _S[ Vda[fW Wf VW ^S _S[YSgUZW(p .7 1A>HE:K;D?7 :;@6AF$!

E bWgf Sgee[ U[fWd ^"[_badfSfJ@ H e[W ^S CSfd[UW VW 9a_bSee[a C > % H# VW ^";Ua^W VW ^S-D agc LdS[W FSda^Wp(a} ^W ehSef[]S&c eUWSg VW ^S 9aS[eeSUW VW fage^We 8agVVZSep D C % $ ej_Ta^[eW ^W n9adbeVW ^S Ba[ cg[ \ag[f ebafSw_Wf bSd ^g[_x_W VW ^S Xw^[U[fw Vg8agVVZSp #ehSef[]S WUâe VSe g fd[SY^W$ Wf ^Wc 9adbe VW ^SBa[ cg[ \ag[f bSd ^"WfdW_[eW Vg 8agVVZS VW ^S Xw^[U[fw Vg 8agVVZSp #ehSef[]S b^SUw VSe g XWg$( BS _Wf[a bSd 7^S[ :S[wâg VWe UZW_[eWVW ^S _S[ Vda[fWp Wfc VW ^S _S[ YSgUZWp& age

8agVVZS badfSf g ehSef[]S egd ^Sba[fd[W #9Z[W$(

IZ[hS DtfSdt\S& ^Wn IW[YWgd VW ^S:SeWp( 8dakW&E9L e[vU^W(

./

G "

^B!!;eW_T^W VW Zg[f Uda[i Wf Zg[fehSef[]SaTfWg bSd ^W Uda[eW_WfVWe Td[e VW UadVWe Xad_Sf ^WUSVdWV"g ^[fUZ[a[e(

CaeS{cgW da_S[W(

WfdSzW s whacgWd ^We ^[We cg[ Wi[efWf WfdW ^W ehSef[]S Wf UWeVWgicLa[Wep XaVS_WfS^We W 7e[W& cg[ bWd_WffWf Sgi Za__WeV"SffW[VdW ^S 9aS[eeSUW fdSeUWVSfW Vg V[h[( 9W^^WU[ wfSfW VWZade Vg Va_S[W VW ^S âY[cgW Zg_S[W adV[S[dW& W^^W WbWgf xfdW SffW[fW cgW VW XSua [V[dWUfW& nfadVgWp( cgW ej_Ta^[eW bdwU[ew_Wf ^W ehSef[]S VWifdaYjdW bagd ^S nLa[W VW ^S CS[Vda[fWp& UW^^W VWe hWdfgWgi& VWe bgde& VW ^"SeUvfW cg[ dWaUW sfagf& Wf ^W ehSef[]S ewWefdaYjdW& ^Sc La[W VW ^S CS[ YSgUZWp& UW^^Wcg[ gf[^[eW ^We bagha[de VW ^S DSfgdW& VWe bSee[ae Wf VWe [ef[UfeVWe Za__We& baghSf S^^Wdh ^"[hdWeeW Wfh ^"wdaf[e_W& SX[ VW nUSbfWdp ^W _aVW VWe eWe( B"SgfWgd bdwU[eW4

nBS UaS[eeSUW VWe SebWUfe fdSeUWVSfe Vg V[h[ W bWgfxfdW SffW[fW cg"[V[dWUfW_Wf& bSd VWe ha[We VwfagdwWe VW ^S_S[ Vda[fW Wf VW ^S _S[ YSgUZW( 9"Wef bagdcga[ ^We TdSUZWeVg ehSef[]S bWghWf xfdW UagdTwWe VSe g eWe ag VSe ^"SgfdWQ(((R& ^W ehSef[]S S bagd Tgf VW age dSbbW^Wd cgW ^S dwS^[fw egbdx_W "Wef bSe SUUWee[T^Ws ^"Webd[f Zg_S[ Wf "Wef \S_S[e eage^W Uafd|^W VW ^"Za__W(p #7^S[ :S[wâg&AB$ 5;E$!

9We VWgi ha[We eaf s ^S Xa[e UafWgWe Wf ej_Ta^[ewWe bSd ^WenbadfWep Vg $ UW^^WeU[ Ua_T[Sf ^W ehSef[]S VWifdaYjdW Wf^W ehSef[]S ewWefdaYjdW bagd VaWd gW aghW^^W Wf g[cgW Uda[i&^S Uda[i bafWUwW& e[YW fafS^[eSf bSd WiUW^^WUW #UX( UZSb[fdW ?L&m.$( :Se ^W \S{[e_W& XaVw Sgi L^W)LW e[vU^We bSd LSdVZS_tS&^W n=dSV >wdaee $ UafW_badS[ Vg 8agVVZS& ^W ehSef[]S Wef egdfagf gf[^[ew VSe g Tgf weafwd[cgW& wfSf ^"W_T^v_W VWVWgi VWe h[YfcgSfdWaED c CSzfdWe VW ^"K[hWdep4 ^W 1W&

OD J D #Uadbe hWdf& ehSef[]S Wf UaTdS s eWbf fxfWe$ Wf ^W ?EW&E H J PD#Uadbe \SgW& ehSef[]SO O Wf gW XWg[^^W VW b[b

bS^$( 7g eW[ Vg ^S_S{e_W f[TwfS[& cg[ ";ef SgfdW cgW ^We VaUfd[We TagVVZ[cgWe fSfd[cgWe [_badfwWe Sg J[TWf bSd ^W da[IdaYTfeSIYS_ba #0*30.3$& ^W ehSef[]S& egdfagf VW fjbW ba^S[dW& VaU ewWefdaYjdW& j \agW ^W _x_W d|^W cgW VSe ^W TagVVZ[e_W Z[Vag Wf Uaef[fgW ^"g VWe W_T^v_We& bWgn dwhw^wp& VWe

C $ ^"gW VWe wUa^We ^We b^ge SU[WWe& [eegW VWe WeW[YW_Wfe VW FSV_SeS_TZShS #N?We[vU^W$( ?^ j Wef eaghWf SeeaU[w s ^S _adf fdSeUWVSfW Wf0begT^[_wWp Wf Sgi UjU^We VWS[eeSUW)h[W^ _adf)dWS[eeSUW( 7 UW f[fdW& [^ X[YgdW egd ^W Uw^vTdW^[hdW VWe _adfe f[TwfS[& ^WPD@KH&IaghWf SeeaU[w Sgi V[hWde ej_Ta^We TagVVZ[cgWe& ^W ehSef[]S ^"Wef fagf bSdf[Ug^[vdW_WfShWU ^W V[VW^fS ag ZWiSYdS__W& a__w WUadW& VW _S[vdW fdabdWefd[Uf[hW& nIUWSg VW ISâ_ap ag n;fa[^W VW :Sh[Vp& ^WJ%

E@VWe @g[Xe #_S[e ^W e[YW W cgWef[a Wef g[hWdeW^& g^^W_WfbdabdW Sg eWg^ bWgb^W \g[X$( BS X[YgdW Ua_b^vfW dWbdweWfW g V[VW^fS& cg[ UaddWebaV& bSd ^W bd[U[bW& Sg VW ^"Z[Vag[e_W&

$&

VSe ^WUWfdW VgcgW^ eW fdaghW g ehSef[]S ewWefdaYjdW& VaUV"ad[Y[W nba^S[dWp(Ua__W eW_T^W V"S[^^Wgde ^"xfdW ^W V[VW^fS ^g[_x_W( I[YW VW ^"g[a Vg Xw_[[ Wf Vg _SeUg^[& ^WKJEWf ^W.; @93"Wf VW ^"[fWdbwwfdSf[a VWe _aVWe h[e[T^W Wf [h[e[T^W& ^WV[VW^fS ej_Ta^[eW ^"WeW_T^W Wf ^"g[a VW fagfWe ^We UZaeWe& VaU^S 9dwSf[a _Sfwd[S^[ewW #XWg& S[d& WSg Wf fWddW$& ^WcgW^ Wefn SUf[hwpegd ^W b^S eb[d[fgW^ Wf bZje[cgW ^adecg"a j b^SUW g ehSef[]S& WYWVdSf ^W JW_be Wf ^";ebSUW( FSd_[ ^We a_TdWgeWe UafdWdW^[Y[ae[fwe Vg _aVW _aVWdW& ^"WeW_T^W VW UW ej_Ta^W& a} ^WeVWgi e[YWe eaf UaXaVge& Wef VWhWg ^S Uda[i V[fW dSy^[WW VWbg[e cg"[^ S wfw dwUgbwdw bSd ^W CaghW_Wf HSy^[W

BW USdSUfvdW8AF" ej_Ta^W VgV[eUWdW_Wf Vg T[W Wf Vg _S^(

KW VWe nUWf_S[vdWepV"wUd[dW ^W USdSUfvdW5:7AF$

VWd[Wd& a__wKQ OEJ n^W IUWSg Vg 9gd VW 8agVVZSp Ua__W Sgi ?VWe & dweg_W W XS[f^"[fwYdS^[fwVW "[fW^^[YWUWWf VW ^"WeW[YW_Wf TagVVZ[cgWe USd& age V[eWf ^We fWifWe UZ[a[e& W _agdSf ^W 8agVVZS IZt]jS_g[ ^S[eeS s ea V[eU[b^W CSZt]teZjSbS& ^"g VWe nV[i YdSVe V[eU[b^Wep Vg 8agVVZS VWe;Ua^We Vg DadV a__w 9ZSYdW[ 9ZSeZ[ W 9Z[W&c ^W bgd eWUdWf VW ^S Vda[fW VaUfd[W p& ^W?DAJC% K% J%POKJC$UaS[eeSUW weafwd[cgW eW fdSe_WffSf g[cgW_Wf bSd ha[W adS^W( FdweWf bSdfagfW 9Z[W& UafdS[dW_Wf Sgi ?VWe Wf Sg J[TWf& ^W ehSef[]S Xgf Sbb^[cgw s bdaXge[a egd g YdSV a_TdW VW egbbadfe eSUdwe#fW_b^We& UâUZWe& aT\Wfe Wf hxfW_Wfe d[fgWê& WfU($ ag bdaXSWe#_aS[We& TS[vdWe& aT\Wfe VW ^S h[W cgaf[V[WW& WfU($ VSe ^W TgfV"wUSdfWd ^W _SghS[e eadf Wf V"Sff[dWd ^We nXadUWe bae[f[hWe Vg 9[W^Wf VW ^S JWddWp& S[e[ cgW ^W bdwU[eW BSa feWg( F^ge cgW VSe fage^We SgfdWe bSje Se[Sf[cgWe& ^W ehSef[]S UZ[a[e Wef Wfdw VSe gYdSV a_TdW VW fS^[e_Se& VW egbbadfe V[h[Sfa[dWe Wf VW Ua_T[S[eae Sd[fZ_wf[cgWe Wf g_wd[cgWe cg[ af bSee[aw n ^WeISYWe VW ^"SU[WW 9Z[Wp #CSdUW^ =dSWf&AB$ 5;;$!"VaSf_x_W S[eeSUW s gW nbZ[âeabZ[W VWe Da_TdWep eWâ 9ZShSWe( B"gW VW UWe WibdWee[ae& ^We b^ge Uw^vTdWe Wef UW^^W UafWgW VSe ^W >[E AQ$[eeg VW 6V";Ua^W VW ^S CwfSbZje[cgWI" cg[WibaeW g YdSV a_TdW VW nUSddwe _SY[cgWe p b^ge ag _a[eUa_b^WiWe& Ua_baewe VW USddwe ag VW dWUfSY^We Wf VW UZ[XXdWe V[ebaewe VW _S[vdWs VWee[Wd g ehSef[]S& YwwdS^W_Wf ewWefdWYjdW( BWe b^ge XS_Wgi eaf Ua_baewe bSd ^S egbWdbae[f[a VWUSddwes UWfdW / ag 0& Uaef[fgwe bSd WgX Uagb^We bS[de[_bS[dehS^Sf UZSUg ++ ag 33 Sg fafS^& ^S ea__W YâTS^W VWe UZ[XXdWe wfSfwYS^W s -0*( Ed[Wfw T[W WfWVg s ^S _aVW UZ[a[eW #^W IgV WZSgf& ^W DadV W TSe& ^";efs YSgUZW Wf ^"EgWefs Vda[fW$& UWe nUSddwe _SY[cgWeI" bSd ^Wgd Y[dSf[a& b^gf|f UW^^W VW ^Wgde UZ[XXdWe&wfS[Wf _[e W dSbbadf ShWU ^We UjU^We SgWê ^g[ea^S[dWe ag efd[UfW_Wf ea^S[dWe Wf eaf wfda[fW_Wf UaWiWe ShWU UWffW n[_SYW VW^"K[hWdep cg"Wef ^WP JC #UX( UZSb[fdW ??&m0$ VWe W_bWdWgdeUZ[a[e& nIW[YWgde Wf CWegdWgde VW ^S JWddWe%

Jage ^We SebWUfe VW ^S ej_Ta^[cgW Vg ehSef[]S Se[Sf[cgW cgWage hWae V"WibaeWd eW dWfdaghWf& ShWU VWe gSUWe& Sg DwbS^&Sg L[WfS_& W 9adwW Wf egdfagf Sg @Sba& afS__Wf ^We VaUfd[We IZ[YaeZ~& dSbbadfwWe VW 9Z[W W 2*0 bSd ^W CSzfdWAg]S{ Vaf ^S VaUfd[W Wef WeeWf[W^^W_Wf TSewW egd ^"[fwYdS^[fwVg W H VWe :Wgi CaVWep" _ Wf egd ^S nh[egS^[eSf[ap Vg ehSef[]S VjS_[cgW( ?^ Wef a__wJC ^We[YW VWe +**** SwWe& Wf X[YgdW fdve XdwcgW__Wf egd ^We efSfgWeVg 8agVVZS Wf egdfagf VWe 8aVVZ[eSffhSe& ej_Ta^[eSf ^"?X[[& ^W

$(

FSdXS[f Wf ^"7UZWhw(USUUa_bSYW bSdXa[e ^S VwWeeW ea^S[dW 7_SfWdSeg Wf ^W Uagb^W bd[_adV[S^ ?kSSY[a|]S_[ Wf ?kSS_[a]S_[& ej_Ta^[eSf ^S 9dwSf[a SUZWhwW Wf wcg[^[TdwW egd eWe TSeWe(E ^W dWUafdW Sgee[ egd VW a_TdWgi eUWSgi VW fW_b^We eZ[fa{efWe( 9WdfS[e fWifWe weafwd[cgWe [bbae W Xaf wYS^W_Wf ^Wej_Ta^WV"g =3?; n_jefwd[Wgip a__w >SUZ[_S& SbbW^w bSdXa[e>[_W|]S_[& cgW ^S cgSe[fafS^[fw VWe @SbaS[e See[_[^W s^"W_bWdWgd E\[ ag E\[fW|( >SUZ[_S S fag\agde ej_Ta^[ew^S bS[i&^S efST[^[fw Wf ^S bdafWUf[a UafdW ^W _S^ Wf ^We SffScgWe Wifwd[WgdWe( BW ehSef[]S adW wYS^W_Wf g YdSV a_TdW VWJVW XS_[^^We \SbaS[eWe& UWeKJ wfSf g bWg Ua_bSdST^We& egd ^Wb^S gf[^[fS[dW& T[W cgW VW Xad_We fdve V[XXwdWfWe& Sgi Sd_a[d[WeWgdabwWWe #UX( UZSb[fdW ?L&m-$(

:"gW _S[vdW YwwdS^W& ^W ehSef[]S Se[Sf[cgW Wef dWhxfg VW VWgieWe Ua_b^w_WfS[dWe4 V"gW bSdf& [^ ej_Ta^[eW ^"K[hWde VSe eaWifWe[a s fdShWde ^"WebSUW bSd ^S bdweWUW nSY[eeSfWp Vg Fd[U[bW V[h[5 V"SgfdW bSdf& [^ whacgW ^"K[hWde [fwd[Wgd VW ^S ebZvdWVW ^S 9aeU[WUW VSe ^ScgW^^W ^W eSYW SgdS [fwYdw ^"WeW_T^WVWec :[i _[^^W 9ZaeWep & ShWU eWe cgS^[fwe Wf bWdXWUf[ae eb[d[fgW^^We& Uaef[fgSf gWc La[W eb[d[fgW^^Wp UaVg[eSf ag dWUaVg[eSf s ^"K[fw bdW_[vdW& SgVW^s VW ^S _g^f[b^[U[fw( 9"Wef ^s cgWage dWfdaghae ^W _aghW_Wf Y[dSfa[dW S^fWdw Vg ehSef[]S #UX(UZSb[fdW ??&m0$ cg[ XS[f cgW ^"g VWh[Wf _g^f[b^W Wf ^W _g^f[b^W dWVWh[Wf g ag ^"K[fw bd[_adV[S^W Wf SVdaYjS^W(

@OPOHU H]LJ SL KJKL SH MHTPSSLAZ\ NHY\AHTLUVI\

5UZLPNUL KL IH[LH\ KLN\LYYL/ Ti[% Z]HZ[PRHL[ MSHTTL KL JYPU

@OHZOPTVUV(RV&\TH QPY\ZOP% H]LJ SLKJ KL SH MHTPSSL 8HJOP\RH

$)

;HTWL s O\PSL YVTHPUL LU [LYYL J\P[L#9SSL ZPjJSL H] :&3$

;HTWL s O\PSL kN_W[PLUUL LU [LYYLJ\P[L #9CL ZPjJSL$

3YVP^ KL WPLYYL Z\kKVPZL #E99PL ZPjJSL$

& . LA PEMQA$AP HEAQ

7g _a_Wf VW ^S Xad_Sf[a VWe bWgb^We [VaWgdabwWe& fage[eege VW ^S dSUWeagUZW SjSf bd[e bSdf s ^S YdSVW _[YdSf[a ZjbWdTadwWW #UX( UZSb[fdW +&m,$&WfShSf _x_W ^WgdV[ebWde[a&^W ehSef[]S Wef Vw\s bdweWf Wf gf[^[ew egd^"WeW_T^W Vg Uaf[WfWgdSe[Sf[cgW WfSgVW^s( [êW X[dWf"g VW ^Wgdeej_Ta^We bd[h[^wY[we&"SeeaU[Sf ^S b^gbSdf VgfW_be s VWeej_Ta^We Wgi Sgee[VW SfgdW ba^S[dW& Ua__W ^W UWdU^W s dSjae ag dagW^^W& ^S eb[dS^Wag ^S VagT^W eb[dS^W& ^We UWdU^We UaUWfd[cgWe& ^W fd[e]v^W Wf ^SZSUZW T[bWW( Ia SeeaU[Sf[a ShWU VWe X[YgdWe S[_S^[vdWe Wf VWeV[Wgi ag VWe VwWeeWe s ^S SfgdW WffW_Wf bdwU[eW& Wef wYS^W_WfXdwcgWfW(

BW dWYSdV cgW ^We ?Va;gdabwWe badfS[Wf egd ^W ehSef[]S& bSdfSf ^"gf[^[eSf[a cg"[êbaghS[Wf W XS[dW& VwbWVS[f VWe _[^[WgiYwaYdSbZ[cgWe Wf) ag dSU[Sgi VSe ^WecgWê [ê wha^gS[Wf& Wf egdfagf Vg VWYdw VW nXge[ap agV"[X^gWUW cg"[ê ShS[Wf egT[ VW ^SbSdf VWe babg^Sf[ae a[VaWgdabwWWe ShWU ^WecgW^^We [ê WfdvdWf W UafSUf( I[ ^We ?Va;gdabwWe dWefwe s bdai[_[fw VW ^WgdnXajWd ad[Y[W^p ag VW UW^g[ VW ^S dSUWeagUZW&U"WefsV[dW ^We dwY[ae eWbfWfd[aS^We& ha[dW U[dUg_ba^S[dWe& eWâ^"Sh[e VWe LWVSWf VW ^"7hWefS Wf VWe SgfWgde_aVWdWe#J[^S]& @g^[ge ;ha^S& @( >SgVdj&WfU($ af UaeWdhw Sg ehSef[]S g UafWg WffW_Wfc ba^S[dWp&T[W cg"W bSdf[W Vw\s ^SdYW_Wf S^fwdw Vg XS[f VW ^"[ha^gf[a UjU^[cgW #UX( UZSb[fdW +&m,& UZSb[fdW ??&m+$& ^We bWgb^We [VaWgdabwWe wfST^[e Sgfagd Vg TSee[ _wV[fWddSwW& W 7Xd[cgW Wf W7e[W& b^ge ag _a[e _w^SYwe dSU[S^W_Wf Wf Ug^fgdW^^W_Wf ShWUVWe bWgb^We a [VaWgdabwWe& afS__Wf Se[S[cgWe& ShS[WfXSfS^W_Wf bWdVg& Vg _a[e W bSdf[W& ^We dwXwdWUWe nba^S[dWep(VaSf Sg e[YW g UafWg eaghWf ea^S[dW& bSdXa[e ba^Sdaea^S[dW s ^"[efSd Vg _aVW SdjW wfST^[ Sg adV VWe ?VWe& ^g[ea^S[dW ag& b[e WUadW& Wf[vdW_Wf ^gS[dW Wf UZfZa[W& s ^"WiW_b^WVWe bWgb^We VW ^S _Wd ;YwW Wf bdaUZWad[WfSgi( 9"Wef SeeWk V[dWcgW fagfW wfgVW Vg ej_Ta^[e_W Vg ehSef[]S W _[^[Wg [VaWgdabwW Wef gW ftUZW Ua_b^WiW Wf VW_SVW VW a_TdWgeWe gSUWe(

; bdW_[Wd Wf ShSf fagfW e[Y[X[USf[a& ^W ehSef[]S ej_Ta^[eS[fbagd fage ^We ?Va;gdabwWe& W UaXad_[fw ShWU ^"g VWe SebWUfe^We b^ge g[hWdeWê Vg e[YW& ^"[VwW VW _aghW_Wf dafSf[X#KUZSb[fdW ??$ Vg _aVW Sgfagd V"g SiW [__aT[^W& [_SYW Vg Fd[U[bW

%

V[h[ Vw_[gdY[cgWbWdbwfgW^^W_Wf SUf[X VSe^"K[hWde Vaf ^S_Sf[vdW eWdf VW hwZ[Ug^W s ^";ebd[fV[h[&SgUgW haâfw"Wi[efSfs ^"Wifwd[Wgd VW UWfK[hWde& VaU Vg _aghW_Wf( Jagf UW cg[Wi[efW VSe ^W 9ae_ae UW cg[ Wef fdve bdaUZW VW ^"[VwW VWeW:[iC[^^W 9ZaeWep VWe bWewWe UZ[a[eW Wf \SbaS[eW #UX( UZSb[fdW ?^^&m+$ Xgf WYWVdw bSd ^W _aghW_Wf& VaU bSd ^W JW_be& Wf WbWgf bWdVgdWd& eW _S[fW[d cgW bSd ^W _aghW_Wf& S[e[ cgW ^"WeW[YS[f V"S[^^Wgde ^W bZ[âeabZW >wdSU^[fW V"rbZveW #UX( UZSb[fdW ?h&m+$( 9WffW [VwW& XS_[^[vdWs fagfWe ^We U[h[^[eSf[ae SgfZWf[cgW_WffdSV[f[aW^^We& eW dWUafdW fagf bSdf[Ug^[vdW_Wf UZWk ^We 9W^fWe&afS__Wf ^We =Sgâ[e& ^We =Wd_S[e& ^We =dWUe& Wf ^We >[ff[fWe&S[e[ cgW bSd_[ ^We bWgb^We bdwUaâ_T[We( :"a}& ^S bdSf[cgW VWnd[fgWê VW _S[fWSUWp Ua_baewe VW eSUd[X[UWe eSY^Sfe Wf V"[haUSf[a VWef[we s W_bxUZWd cgW W e"SddxfW UW _aghW_Wf VW ^S9dwSf[a& VaU ^"SUf[a V[h[W Wf fagfW h[W( 7gee[ "Wef[^ bSe wfaSf cgW ^W ehSef[]S& eaghWf ewWefdaYjdW& SUUa_bSYw VW X[YgdWeVjS_[cgWe #dagWe& fd[e]v^We& WfU($& adW VW a_TdWgi SgfWê UW^fWe&YdWUe& da_S[e Wf wfdgecgWe& fWê UWgi fdaghwe W 7Y^WfWddW& W8agdYaYW& VSe ^We FjdwwWe Wf W ?fS^[W( ; XS[f& UWffW [VwW VW_aghW_Wf Y[dSfa[dW Ywwdw bSd gW wWdY[W V[h[W [UaS[eeST^We"[eUd[h[f dSb[VW_Wf VSe gW hSefW h[e[a VW SfgdW Sefdaa_[cgW Wf Uae_aâY[cgW& [_SYW V"gW ]dSfabZS[W ag V"gW fZwabZS[W Uw^wTdSf ^S fagfWbg[eeSUW Vg V[h[( ;f ea UWfdW WbaghS[f W xfdW cgW ^W Ia^W[^& Vaf ^We _aghW_Wfe SbbSdWfe Sgfagd Vg b|^W Uw^WefW&s ^"[efSd VW UW^g[ VWe wfa[^We& XgdWf ej_Ta^[ewe bSd ^W ehSef[]S( IagdUW VW h[W Wf dWX^Wf VW ^S V[h[[fw& _S[e aV[h[[fw W^^W_x_W& ^W Ia^W[^ Xgf bagd ^We ?VW;gdabwWe& afS__Wf bagd UWgi Vg DadV Wf Vg 9WfdW VW ^";gdabW& S[e[ cgW UWgiVWe ?VWe& ^W Fd[U[bW fag\agde SUf[X Vg _WfS^& VW ^"[fW^^WUf& VW ^SU^S[dhajSUW Wf VW ^"a_[eU[WUW #bagd ^We =Syê$( Ed[Y[W Vg XWgUw^WefW #UX( UZSb[fdW ?h&m+$ Wf VW fagfW ^g_[vdW& ^W Ia^W[^ [VaWgdabwW Xgf fag\agde ^"Sffd[Tgf VW V[h[[fwe _SeUg^[We& agdS[WWeWfc a^j_b[WWe!& fW^^We cgW BgY& 8w^wae& PWge)@gb[fWd& EVZ[&JWeST& WfU(& ^WecgW^^We& eaghWf& SdTadWf gW dagW^^W& Ua__W JSdS[e& ag g ehSef[]S5 Ua__W BgY ag LSdgS5 Sâde cgW V"SgfdWeSdTadWf& ZjbaefSeWe VW ^S ^g_[vdW ea^S[dW& Ua__W CSdVg] ag7ba^â& g ehSef[]S SgVWeege VW ^S fxfW& egd ^W Xdaf& Ua__W ^W_afdWf UWdfS[We _aS[We YdWUcgWe& ag egd ^S ba[fd[W&s^"WiW_b^W VW ^"7ba^â Sgd[YW X[Ygdw egd g UdSfvdW( :W fWê fw_a[YSYWe SdUZwaâY[cgWe STaVWf VSe fagfW ^"S[dW [VaWgdabwWW #DadV VW ^";gdabW& dwY[ae UWfdW Wf VSgT[WWe& WJZdSUW& FS_bZj^[W& HZaVWe& IjdSUgeW& 7fZvWe& Cwâe& WfU($( BWehSef[]S ea^S[dW Xgf Sgee[ Sffd[Tgws VWe bWdeaSYWe VW _a[VdW[_badfSUW& Ua__W :[ajeae& >Wd_ve)CWdUgdW& >WdUg^W& :SYVS(

CaS[W VW JdaSVW(E999Le( Sh( \(9

F^ScgW YdShwW Vg FwâbaveW(

I[^we[W(E999Le( Sh(F&3

rfdgd[W(CPSLe( Sh( \(9

%!

CaS[We YdWUcgWe#JZSeaeWf9ad[fZW$(

WfU( B"See[_[^Sf[a Ia^W[^) ehSef[]S Wef UaX[d_wW bSd ^S _S[vdW cgW^We ?Va;gdabwWe ShS[Wf VW X[YgdWd ^W ehSef[]S4 e[YW eaghWfW bae[f[a [U^[wW& VaU W _aghW_Wf U"Wef ^W ehSef[]S nVjS_[cgWp #UX( UZSb[fdW?:& m-& UZSb[fdW ?h&m.$& eWe TdSUZWe eafeaghWf USfawWe VW dSjae Vda[fe Wf) ag aVg^we S^fWdwe& fagew_SSf Vg UWfdW& UW VWd[Wd baghSf VW egdUdazf xfdW Vafw V"gV[ecgW bSdXa[e YSd[ V"g ba[f UWfdS^& X[YgdSf[a _x_W Vg Ia^W[^( 9W fjbW VW X[YgdW adW VW a_TdWgeWe b[vUWe SdUZwaâY[cgWe#_aS[We& V[ecgWe haf[Xe& XgeS{a^We& WfU($& afS__Wf W =Sg^W&W =dvUW Uaf[WfS^W #CSUwVa[W& WfU($& [eg^S[dW Wf SSfa^[WW#Jda[W$& _S[e Sgee[ Sg FdaUZWEd[Wf #IgeW& CweabafS_[W& WfU($(B"SeeaU[Sf[a V[ecgW ba[fw S^fWdSf ShWU VWe ehSef[]S Wef wYS^W_Wf XdwcgWfW egd VWe XgeS{a^We fdajWWe& egd VWe _aS[We YSgâ[eWe ag egd VWe bafWd[We eUSV[ShWe( FSdXa[e& Ua__W bagdSUUWfgWd UWffW \gifSbae[f[a& ^W ehSef[]S Wef [eUd[f VSe ^W V[ecgW_x_W( BW e[YW SUUa_bSYW ag egd_afW bSdXa[e VWe VW_[UWdU^We& ej_Ta^[eSf S[e[s ^S Xa[e ^"[ddSV[Sf[a VW ^S ^g_[vdW ea^S[dW& ^W Ia^W[^ s ea kw[fZ& Ua__W ^W _afdWf ^We _aS[We VW ^Sh[^^W fZdSUW VW CWeW_Td[S& Vaf ^W a_ e[YX[W nC[^[Wg Vg \agdp&VaU ^W _[V[& ba[f Ug^_[Sf VW ^S XadUW ea^S[dW( CS[e ^S b^ge TW^^WdWbdweWfSf[a Vg ehSef[]S ea^S[dW& UW^^W Vaf ^W UafWg Uae_aâY[cgW Wef Ua_b^Wf& Wef ^S Uda[i e[_b^W& ej_Ta^[eSf ^W _aVW VSe^"[fwYdS^[fw VW eWe 9dwSfgdWe UdwwWe bSd ^W Fd[U[bW V[h[ [USdwbSd ^W 9WfdW& Vaf ^We Wifdw_[fwe VWe TdSUZWe e"adWf VW V[ecgWeYSd[e UZSUg V"g ehSef[]S( 9We cgSfdW V[ecgWe dWbdweWfWf ^WecgSfdW bae[f[ae \agdS^[vdWe Vg Ia^W[^4 ^W ^WhWd& ^S Ug^_[Sf[a egbwd[WgdW ag kw[fZ& ^W UagUZWd Wf ^S Ug^_[Sf[a [Xwd[WgdW ag SV[d&UW cg[ Wef gW dwXwdWUW s gW [fWdbdwfSf[a VW SfgdW ba^Sdaea^S[dW& USd UWffW UaX[YgdSf[a "Wef aTeWdhST^W cgW VWbg[e ^We dwY[ae ba^S[dWe Wf U[dUg_ba^S[dWe #^W XS_Wgi nIa^W[^ VW C[g[fe$E bWgf j ha[d Sgee[ gW dWbdweWfSf[a VW eS ndwha^gf[a SgW^^W& \SâwW bSd ^We eaêf[UWe Wf ^We wcg[aiWep #9aT^Wf V"7?h[W^^S& @AO &

9"Wef UW fjbW VW UaUWbf[a UjU^[cgW cg[ S Vaw S[eeSUW& SgeW[ VW UWdfS[We eWUfWe ag dW^[Y[ae Sf[cgWe #EdbZ[e_W& C[fZd[SU[e_W& WfU($& Sgi UaUWbfe VW nIa^W[^ h[e[T^Wp ag nIa^W[^ T^SUp& X[YgdSf ^"SebWUf Wiafwd[cgW VW ^S VaUfd[W& Wf Vg nIa^W[^ [h[e[T^Wpag nIa^W[^ a[dp( eS VaUfd[W weafwd[cgW dwhw^wW eWg^W_Wfs UWdfS[e VW ^Wgde SVWbfWe& ^We VWgi SebWUfe Vg Ia^W[^ wfSf wh[VW__Wf ej_Ta^[ewe bSd g ehSef[]S VWifdaYjdW Wf g ehSef[]SewWefdaYjdW(

; fSf cg"wWdY[W Uae_[cgW UdwSfd[UW& eagdUW VWe UdwSf[ae _SUdaUae_[cgW Wf _[UdaUae_[cgW& ^W Ia^W[^ Xgf Sgee[ bWdug bSd ^"7

%"

f[cg[fw [VaWgdabwWW& Wf VSe gW _a[VdW _WegdW bSd UWdfS[e bWgb^We a [VaWgdabwWe& Ua__W XadUW Wf bg[eeSUW ^[wWes ^S YwwdSf[a& s ^S eWigS^[fw cgW ^We>[Vage See[_[^vdWf s

bH @D ,D $e[fgw VWdd[vdW ^We adYSWe Yw[fSgi& ej_Ta^[ewbSd g fd[SY^W ShWU ^W4LwUSfW& 7dfw_[e) :[SW& 7efSdfw& :w_wfWd& ?e[e& 9jTv^W&WfU( B"SeeaU[Sf[a Vg ehSef[]S Wf Vg Uda[eeSf VW BgW& UW VWd[WdUZSdYWSf ^W UWfdW Wf USfaSf ^W e[YW W cgWef[a& Wef XdwcgWfW egd ^We _aS[We wYwWWe& Udwfa[eWe& TSTj^a[WWe& WfU(&S[e[ cgW egd cgW^cgWe efv^We XgwdS[dWe Wf VWe gdWe& fW^^We UW^^WeVwUaghWdfWe W Dg_[V[W& UW cg[ bdaghW gW UaUWbf[a VW ^S _adfWf g Ug^fW VW fjbW WffW_Wf fW^^gda^gS[dW ^[w Sg bd[U[bW Xw_[[& eW dwXwdSf s ^S JWddW CvdW ag s gW CvdW g[hWdeW^^W _SzfdWeeW \S^ageW VW ^S L[W Wf VW ^S Cadf VWe Za__We( 7TaVS__Wfgf[^[ew bSd ^We bWgb^We bdwUZdwf[We& W SffWfW VW ^S dwhw^Sf[aUZdwf[WW& ^W ehSef[]S ^W Xgf wYS^W_Wf bSd ^W 9Zd[ef[S[e_W& _S[eeWg^W_Wf Sg _a_Wf VWe bWdewUgf[ae& Ua__W W fw_a[YWfVW a_TdWgeWe YdaffWe Wf ^We USfSUa_TWe& afS__Wf UW^^We VWHa_W( 9afdS[dW_Wf Sgi SeeWdf[ae VW UWdfS[e Z[efad[We Vg

@[H[\L[[L KL AYVPL #&*-))&*+))$

3OL]HS THYX\k K"\U Z]HZ[PRH#HY[ KLZ WL\WSLZ KL SH Z[LWWL$

%#

IhSef[]S _wV[whSgi(#7gUZ&JdajWe&7giWddW($

N?NWe[vU^W& UWffW bdSf[cgW W Xgf cgW fW_badS[dW Wf dW^Sf[hW_WffSdV[hW& YgvdW ShSf ^W ?^^W e[vU^W& a} ^W ehSef[]S SbbSdSzf Sâde&VSe ^"Webd[f VWe UZdwf[We& Ua__W g egTef[fgf VW ^S Uda[i Vg9Zd[ef&s ^"[efSd V"SgfdWe X[YgdWe& ej_Ta^We V"g ej_Ta^W WcgW^cgW eadfW& Ua__W ^"SUdW& ^W ba[eea ,5EFD!" W bw^[US& ^SbS^_W& ^W bSa Wf ^S X[YgdW V"EdbZwW& [_SYW VW 9Zd[ef& SUUa_bSYw ag XdSbbw V"g ehSef[]S VWifdaYjdW& U"WefsV[dW ea^S[dW( :wX[[f[hW_Wf hS[cgWgd& ^"W_bâ[ Vg ehSef[]S VWh[f _a[eXdwcgWf Sg eW[ VW ^"[UaaYdSbZ[W UZdwf[WW& _S[e W V[ebSdgf\S_S[e fafS^W_Wf( :W XS[f& ^W CajW 7YW UZdwf[W W ^"[YadS bSeWf ^"SeeaU[S fag\agde s ^S X[YgdW Vg 9Zd[ef& eSghWgd VWe Za__We&Fd[U[bW V[h[ Wf 9ae_aUdSfad& aghWSg nIa^W[^ VW @gef[UW Wf VWLwd[fwp& cg[ nU^|fp g UjU^W X[[eeSf& VaU SddxfW ej_Ta^[cgW_Wf ^S XSfS^W dafSf[a Vg ehSef[]S WU^WUZwW âde VW ^S nUZgfWpVW ^"qYW V"Ed ag Vg FwUZw VWe Za__We bd[_adV[Sgi& bagd nbghd[d p&bSd g eSUd[X[UW eSY^Sf& g UjU^W aghWSg& g aghW^ 7YWV"Ed SgcgW^ fage ^We nZa__We VW TaW haâfwp eaf Uah[we(JagfWXa[e& UWdfS[e bWeWgde _wV[whSgi Uae[VwdvdWf ^S _adf Vg:[Wg XS[f Za__W Ua__W gW fWfSf[hW nShadfwWe UW cg[ SgdS[fWg bagd UaewcgWUW VW ndwSUf[hWdp ^S dafSf[a UdgU[S^W& ^ScgW^^WW bagddS VwX[[f[hW_Wf bdWVdW X[ cgW âdecgW ^W 9Zd[ef VWYâ[dW dWh[WVdS egd fWddW&s ^S X[ VWe fW_be& bagd j wfST^[d eaHajSg_W VW \gef[UW& s ^"[eegW Vg @gYW_Wf VWd[Wd& bwd[aVW cg[UaddWebaV s ^S FSdage[W( 7gee[& ^W 9Zd[ef[S[e_W& b^ge bdwU[ew_Wf UW^g[ VW ^"?d^SVW UW^f[cgW VW eS[f FSfd[U]& W X[f ^W e[YW WeeWf[W^& UWfdS^& VW ^S dwegddWUf[a& eaghWf See[_[^w Sg eS[f =dSS^&[_SYW VSe ^ScgW^^W ^W ehSef[]S agc Uda[i fag_ajSfWp

n"Wef b^ge ^S Uda[i Vg egbb^[UW& Vg eSUd[X[UW& _S[e ^S Uda[i VW ^SdwegddWUf[a& UdwSf VW ^S bgdW ^g_[vdWp(

#@(F( 8agddW&7Q]PA @Q Dage Shae hg cgW ^W ehSef[]S Xgf bSdXa[e baew s ^"W_b^SUW_Wf

Vg Ugd Vg 9Zd[ef #UX( UZSb[fdW ??&m.$& USd ^W 9WfdW Vg CaVWe"[VWf[X[W SSâY[cgW_Wf Sg n9gd Vg 9Zd[efI" Ua__W [ê"[VWf[X[W& VSe ^W TagVVZ[e_W& Sg n9gd Vg 8agVVZSp( _S[eV"g 9Zd[efFd[U[bW& LWdTW _S[XWefw Sg ba[f UWfdS^ VW ^"K[hWde& eage ^W VagT^W SebWUf Vg LWdTW wfWdW^ Wf VW eS _S[XWefSf[a Z[efad[cgW& Zg_S[W Wf fWddWefdW( CS[e V"SgfdWe ehSef[]S_wV[whSgi UZd[ef[cgWe STaVWf( [ê eaf eaghWf X[Ygdwe s U|fw&W VWeeage ag SgVWeege Vg 9Zd[ef& ag WUadW& bSdXa[e& UW VWd[Wd^W f[Wf WfdW eWe _S[e aghWdfWe #?eea[dW& LwkW^Sj& WfU($( FSdXa[e&eWe TdSUZWe eaf See[_[^wWe Sgi cgSfdW X^WghWe Vg FSdSV[e&Ua__W ^W _afdW gW b^ScgW V"[ha[dW Vg?NWe[vU^W _afdSf ^W9Zd[ef W _S\Wefw Wfagdw VWe VagkW Sb|fdWe& ^W fagf SUUa_bSYw

%$

V"g YdSV USddw Vaf^WUWfdW Uaef[fgW ^S eagdUW VWe cgSfdWX^WghWe bSdSV[e[ScgWe Sgi Uagde SddaV[e& VWee[Sf bSd UaewcgWf g [__WeW ehSef[]S ScgWgi( E fdaghW wYS^W_Wf ^W ehSef[]S SUUa_bSYw VWe fda[e Uâge VW ^SFSee[a Wf)ag UZSdYwVWU[c daeWe& ej_Ta^[eSf ^We U[c b^S[We Vg 9Zd[ef( :W ^Wgd U|fw& ^We9SfZSdWe& 7^T[YWa[e Wf 8aYa_[^We VWe 8S^]Se SVabfvdWf Sgee[ ^WehSef[]S ea^S[dW W e[YW VW X[^[Sf[a _S[UZwWW hagwWs ^S Bg_[vdW( BWe eaêf[UWe& bwd[aVWe VW fd[a_bZW VW ^S Bg_[vdW egd^"aTeUgd[fw&XgdWfV"S[^^Wgde ^Wgdebwd[aVWe bd[h[^wY[wWe VW^"SwW a}^WehSef[]S wfS[f gf[^[ew VSe^We XxfWe Wf d[fgWê(B"EdVdW VWebSghdWe UZWhS^[Wde Vg 9Zd[ef& ^We JW_b^[Wde& geS Sgee[ Vg ehSef[]S&UaUgddW__Wf ShWU ^S Uda[i bSffwW VW YgWg^We #dagYW$& ^W V[VW^fS&^W bWfSYdS__W Wf ^S dagW^^W ea^S[dW( E dWUafdW bSdXa[e VWeUda[i fW_b^[vdWe Vaf ^W UWfdW Wef YdShw V"g ehSef[]S VWifdaYjdWWUâe VSe g ag b^ge[Wgde UWdU^We& Wf VWe Xag[^^We SdUZwaâY[cgWeaf dwhw^w VWe \Wfae VW Ug[hdW XdSbbwe Vg ehSef[]S& V"g U|fw& WfVW ^S Uda[i fWdb^[ydW& VW ^"SgfdW( ?^ eW bWgf& S[e[ cgW ^"ShSUWfUWdfS[e UZWdUZWgde& cgW UW e[YW S[f wfw dweWdhws UWdfS[e ZSgfeV[Y[fS[dWe& afS__Wf VWe V[Y[fS[dWe aUUg^fWe Uaef[fgSf gWVagT^W Z[wdSdUZ[W& Wf cgW ^We \Wfae W cgWef[a S[Wf eWdh[ Ua__We[YWe VW dWUaS[eeSUW( BS

IWdbWfs b^g_We& egd gW bafWd[WVW LWdSYgSe&FSS_S(

LSeW_aUZ[US VwUadwVW eb[dWe WfVWehSef[]S( Fwdag(

s VWefadUZWe ag WUadW WUâe VSe g SdUWU[W^& Wef See[_[^w SgicgSfdW w^w_Wfe [eege Vg =dSV ;ebd[f #^We cgSfdWTSddWe$ UZWk ^WeDShS\a Wf ^We F[WVDa[d( [^ Wef ^"[_SYW VWe cgSfdW YdSVe V[Wgi bdafWUfWgde VWe ba[fe USdV[Sgi Wf VWe cgSfdW b^SfWe eSUdwWe #_S{e&ZSd[Uaf& UagdYW Wf fSTSU$( FSdXa[e& ^S X[YgdW Wef dWbdweWfwW bSd gWUda[i YdWUcgW Vaf ^We TdSe eaf bdaâYwe bSd cgSfdW b^g_Web^[wWe W ^Wgd _[^[Wg s SY^We Vda[fe hWde eWWefdW& ^W fagf wfSf WUâe VSe g SdUWU[W^ V[h[ bdafWUfWgd( :Se UWdfS[We fd[Tge VgJWWeeWW& ^W ehSef[]S Wef SeeaU[w ShWU ^"SdS[YwW& ^"xfdW cg[&s ^"ad[Y[W& XSuaS ^W Uae_ae eage ^S V[dWUf[a Vg =dSV ;ebd[f UdwSfWgd Wf adVaSfWgd( :We fa_TWe af dwhw^w VWe Uacg[^^SYWedWbdweWfSf gW SdS[YwW? Vaf ^W Uadbe badfS[f gehSef[]S( BWe aT\Wfe cgaf[V[We ag Ug^fgWê adwe V"g ag VW b^ge[Wgde ehSef[]S U^See[cgWe& Sgi T

Documents

Bernard Marillier Le Svastika