Chicago Public Schools OS 1-15-16

8/20/2019 Chicago Public Schools OS 1-15-16

1/499

ThisPreliminaryOfficialStatementandtheinform

ationcontainedhereinaresubj ecttocompletionandamendment.Undernocircumstancesshallth

isPreliminaryOfficialStatementconstituteanoffertosellorthesolicitationofanofferto

b u y , n o r s h a l l t h e r e b e a n y s a l e o f t h e s e s e c u r i t i e s i n a n y j u r i s d i c t i o n i n w h i c h s u c h o f f e r , s o l i c i t a t i o n

o r s a l e w o u l d b e u n l a w f u l p r i o r t o r e g i s t r a t i o n o r

q u a l i fi c a t i o n u n d e r t h e s e c u r i t i e s l a w s o f a n y s u c h

j u r i s d i c t i o n .

W i t h i n s e v e n ( 7 ) b u s i n e s s

d a y s f o l l o w i n g t h e s a l e o f t h e B o n d s h e r e i n d e s c r i b e d ,

t h e B o a r d w i l l m a k e a v a i l a b l e i t s fi n a l O f fi c i a l S t a t e m e n t , d a t e d a s o f t h e d a t e o f s u c h s a l e ,

w i t h

r e s p e c t t o t h e B o n d s .

PRELIMINARY OFFICIAL STATEMENT DATED JANUARY 14, 2016®

NEW ISSUE - BOOK-ENTRY ONLY RATINGS: See “RATINGS” herein

Subject to compliance by the Board with certain covenants, in the respective opinions of Chapman and Cutler LLP and Charity

& Associates, P.C., Co-Bond Counsel, under present law, interest on the Series 2016A Bonds is excludable from gross income of the

owners thereof for federal income tax purposes and is not included as an item of tax preference in computing the federal alternative

minimum tax for individuals and corporations, but such interest is taken into account in computing an adjustment used in

determining the federal alternative minimum tax for certain corporations. Interest on the Taxable Series 2016B Bonds is includible

in gross income of the owners thereof for federal income tax purposes. Interest on the 2016 Bonds is not exempt from present State

of Illinois income taxes. See “ TAX MATTERS” herein for a more complete discussion.

$875,000,000*BOARD OF EDUCATION OF THE CITY OF CHICAGO

Unlimited Tax General Obligation Bonds(Dedicated Revenues)

$795,515,000* Series 2016A $79,485,000* Taxable Series 2016B

Dated: Date of Delivery Due December 1, as shown on the inside cover

The Unlimited Tax General Obligation Bonds (Dedicated Revenues) will be issued by the Board of Education of the City of Chicago(the “Board”) in two series: $795,515,000* Series 2016A (“Series 2016A Bonds”) and $79,485,000* Taxable Series 2016B (“Taxable Series2016B Bonds,” collectively with the Series 2016A Bonds, the “2016 Bonds,” and each a “Series” of the 2016 Bonds). Each Series of the 2016

Bonds will be issued under a separate Trust Indenture, each dated as of February 1, 2016 (the “Series 2016A Indenture” and the “Series2016B Indenture,” respectively, and each a “Series Indenture”), by and between the Board and Amalgamated Bank of Chicago, Chicago,

Illinois, as trustee, registrar and paying agent for each Series (the “Trustee”). The proceeds of each Series of the 2016 Bonds will be usedas described herein. See “PLAN OF FINANCE.”

The 2016 Bonds will be issued as fully registered bonds in denominations of $100,000 and any multiple of $5,000 in excess thereof. The

2016 Bonds will be registered in the name of Cede & Co., as registered owner and nominee of The Depository Trust Company, New York,New York (“DTC”). DTC will act as securities depository for the 2016 Bonds. Purchasers of the 2016 Bonds will not receive certificates

representing their interests in the 2016 Bonds purchased. Principal of and interest on the 2016 Bonds of each Series will be paid by theTrustee under each Series Indenture to DTC, which in turn will remit such principal and interest payments to its participants for subsequentdisbursal to the beneficial owners of the 2016 Bonds. As long as Cede & Co. is the registered owner as nominee of DTC, payments on the

2016 Bonds will be made to such registered owner, and disbursement of such payments to beneficial owners will be the responsibility of DTCand its participants. See APPENDIX I – “BOOK-ENTRY ONLY SYSTEM.”

The 2016 Bonds are general obligations of the Board. The full faith and credit and the taxing power of the Board are pledged to the punctual payment of the principal of and interest on the 2016 Bonds. The 2016 Bonds are payable from, and secured under each Series

Indenture by a pledge of and lien on, the Pledged State Aid Revenues (as defined herein) and the Pledged Taxes (as defined herein). To theextent that the Pledged State Aid Revenues are insufficient to pay the principal of and interest on the 2016 Bonds, the 2016 Bonds will be payable from the Pledged Taxes consisting of ad valorem taxes levied by the Board without limitation as to rate or amount, against all taxable

property in the school district governed by the Board, the boundaries of which are coterminous with the boundaries of the City of Chicago.

The 2016 Bonds are also payable from all Funds, Accounts and Sub-Accounts pledged as security for the payment of the 2016 Bonds undereach Series Indenture. See “SECURITY FOR THE 2016 BONDS.”

The maturity dates, principal amounts, interest rates, yields, prices, and CUSIP numbers of the 2016 Bonds are set forth on the insidecover. Certain maturities of the 2016 Bonds are subject to redemption prior to maturity as described herein.

INVESTMENT IN THE 2016 BONDS INVOLVES CERTAIN RISKS, AND PROSPECTIVE PURCHASERS SHOULDREAD THE INFORMATION UNDER THE HEADING “BONDHOLDERS’ RISKS” FOR A DISCUSSION OF SOME, BUT NOT

NECESSARILY ALL, OF THE POSSIBLE RISKS THAT SHOULD BE CAREFULLY EVALUATED PRIOR TO PURCHASING ANY 2016 BONDS. THE 2016 BONDS ARE NOT SUITABLE INVESTMENTS FOR ALL PERSONS, AND PROSPECTIVE

PURCHASERS SHOULD CONFER WITH THEIR OWN LEGAL AND FINANCIAL ADVISORS AND SHOULD BE ABLE TOBEAR THE RISK OF LOSS OF THEIR INVESTMENT IN THE 2016 BONDS BEFORE CONSIDERING A PURCHASE OF THE2016 BONDS. See “BONDHOLDERS’ RISKS” and “RATINGS.”

This cover page contains information for quick reference only and is not a summary of the 2016 Bonds. Prospectivepurchasers must read the entire Official Statement to obtain information essential to the making of an informed investment

decision.

The 2016 Bonds are being offered when, as and if issued and received by the Underwriters, subject to the delivery of the approving

legal opinions of Co-Bond Counsel. In connection with the issuance of the 2016 Bonds, certain legal matters will be passed upon for theBoard by its General Counsel, Ronald Marmer, by its special co-counsel, Katten Muchin Rosenman LLP, Chicago, Illinois, and Quintairos,Prieto, Wood & Boyer, P.A., Chicago, Illinois, and in connection with the preparation of this Official Statement by its Co-Disclosure Counsel,

Thompson Coburn LLP, Chicago, Illinois, and Burke Burns & Pinelli, Ltd., Chicago, Illinois. Certain legal matters will be passed upon for theUnderwriters by their counsel, Mayer Brown LLP, Chicago, Illinois.

Delivery of the 2016 Bonds is expected to be made through the facilities of DTC in New York, New York, on or about February __, 2016.

J.P. Morgan Barclays

Loop Capital Markets

Blaylock Beal Van, LLC Cabrera Capital Markets, LLC Citigroup Estrada Hinojosa & Company, Inc.

Melvin & Company Morgan Stanley Ramirez & Co., Inc. Siebert Brandford Shank & Co., L.L.C. The Williams Capital Group, L.P.

Dated: _____, 2016

* Preliminary, subject to change.


2/499

"#$

"#$%&%'%&((() *+,-.-/01 234 50+063, 78,-93/-:+ ;:+1< =>01-?3/01 @0A0+B0EF=F

GEP:HOF:===) JJJJK L()7 ?0&4* 42( 5(6(7.() 3:


3/499

"##$

"#$%"&'($ )*# +, -.'* +,,'/'%0 *-%-#1#(-

%& '()*(+, -+&.(+, /)*(/0(+/&1 &+ &23(+ 0(+/&1 3)/ -((1 )423&+#5(' -6 23( 7&)+' &+ 23( 81'(+9+#2(+/ 2& :#;( )16#12 2& 23( ?@AB 7&1'/, &23(+ 23)1 23&/( >&12)#1(' #1 23#/ C3 &23(+ #14+)>6, &=0*(2(1(//, )1' #/ 1&2 2& -( >&1/2+4(' )/ ) +(0+(/(12)2#&1 -6 23( 81'(+9+#2(+/ED4>3 #1#+>4=/2)1>(/ >+()2( )16 #=0*#>)2#&1 23)2 23(+( 3)/ -((1 1& >3)1:(/#1>( 23( ')2( 3(+(&&12+)>2 9#23 23( +(:#/2(+(' &+ -(1(#)* &91(+/ &< 23( ?@AB 7&1'/E

F3( 81'(+9+#2(+/ 3);( 0+&;#'(' 23( ( *4/#&1 #1 23#/ C#+>4=/2)1>(/ &< 23#/ 2+)1/)>2#&1, -42 23( 81'(+9+#2(+/ '& 1&2:4)+)12(( 23( )>>4+)>6, &=0*(2(1(// &< /4>3 #1&12)#1(' #1 ()>3 D(+#(/ K1'(124+( 4+#2#(/ >&==#//#&1 &+ +(:4*)2&+6 )423&+#26EM4+23(+=&+(, 23( &16 &< 23#/ '&>4=(12E I16+(0+(/(12)2#&1 2& 23( >&12+)+6 #/ ) >+#=#1)* &)1 -( #'(12#(+2)#12#(/ )1' +#/./, =)16 &< 93#>3 )+( -(6&1' #2/ >&12+&*, 23)2 >&4*' /#:1#)12*6 )4++(12 0*)1/ )1'(H0(>2)2#&1/ )1' 23( 7&)+'O/ *4'#1: -42 1&2 *#=#2(' 2& >3)1:(/ #1 :(1(+)* (>&1&=#> >&1'#2#&1/,'(=&:+)03#> 2+(1'/ )1' D2)2( )1' 3 =)6 )#0)2(' )>2#&1/ )1'


4/499


5/499

"#;$

-%20# +, /+(-#(-*

P%$#

K%FSCU8LFKC% EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE A

T(1(+)* EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE A

F3( 7&)+' EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE A F3( ?@AB 7&1'/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE A

8/( &< \+&>(('/ &< 23( ?@AB 7&1'/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE A

?@Aa I423&+#5)2#&1 )1' 7&1' S(/&*42#&1 EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE ? D(>4+#26 (/ &< \)6=(12 24+)* U(#2, L)/3 M*&9 )1' Y#J4#'#26 EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE A` I;)#*)-#*#26 &< 81+(/2+#>2(' D2)2( I#' S(;(14(/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE ?@ I;)#*)-#*#26 &< \*(':(' F)H(/ )1' \+&0(+26 F)H S(;(14(/EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE ?A I;)#*)-#*#26 &< M('(+)* S(;(14(/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE ??

81#)* L&1'#2#&1 &< 23( D2)2( EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE ?d Y&>)* )1' D2)2( P>&1&=6 EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE ?d I';(+/( L3)1:( #1 Y)9/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE ?a 7)1.+402>6 EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE ?a %& I>>(*(+)2#&1 )1' 81>(+2)#126 &< P1(=(12 S(=('#(/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE ?a

K1;(/2=(12 K**#J4#'#26 )1' V)+.(2 \+#>(/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE ?B

M&+9)+'NY&&.#1: D2)2(=(12/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE ?B

\YI% CM MK%I%LP EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE ?e

C;(+;#(9 EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE ?e S((/ )1' 8/(/ &< M41'/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE ?g

M424+( M#1)1>#1:/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE ?g

FRP ?@AB 7C%UD EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE b@


6/499

";$

T(1(+)* EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE b@ K12(+(/2 &1 23( ?@AB 7&1'/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE b@

S('(=02#&1 \+&;#/#&1/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE b@ 7&1' S(:#/2+)2#&1 )1' F+)1/)2#&1)* S(/4*2/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE d? L\D D>3&&* S)1.#1:/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE db

P'4>)2#&1)* S():& F()>3(+/ 81#&1 )1' C23(+ P=0*&6(( T+&40/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE dd

SPLP%F UPXPYC\VP%FD EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE da

D2)2( 74':(2 K=0)//( )1' 7&)+' S(>(#02 &< D2)2( M41'/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE da \(1/#&1 S(6 I>2#&1/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE da L3#>):& F()>3(+/ 81#&1 L&12+)>2 )1' F3+()2(1(' F()>3(+/O D2+#.( EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE dB

D0(1'#1: L42/ K1>*4'#1: \+&0&/(' D2)3&&* I>2#&1/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE d` L)0#2)* K=0+&;(=(12 \+&0(+26 F)H Y(;6 EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE d`

7&)+' \+&>4+(=(12 \+&>(// S(2(' D2)2( I#' S(;(14(/ )1' I' X)*&+(=

\+&0(+26 F)H(/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE a`

7&)+'O/ Y&1:NF(+= U(-2 D(+;#>( D>3('4*( EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE a` 7&)+'O/ X)+#)-*( S)2( 7&1'/EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE B@ U(-2 V)1):(=(12 \&*#>6 EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE B@ U(-2 D(+;#>( D2)-#*#5)2#&1 M41' EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE B@ 7&)+'O/ 7&++&9#1: I423&+#26 )1' Y(:)* U(-2 V)+:#1 EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE B@ 7&1' K//4( %&2#)2#&1 I>2 EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE BA C;(+*)00#1: F)H#1: U#/2+#>2/ )1' C;(+*)00#1: U(-2 EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE BA D9)0 F(+=#1)2#&1/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE Ba F)H I12#>#0)2#&1 %&2(/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE Ba


7/499

";#$

MK%I%LKIY K%MCSVIFKC% EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE BB

I>>&412#1: )1' M#1)1>#)* D2)2(=(12/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE BB D&4+>(/ &< S(;(14(/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE BB K1;(/2=(12 \&*#>6 EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE e? 74':(2#1: )1' I4'#2#1: \+&>('4+(/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE e? M#1)1>#)* M&+(>)/2#1: )1' \+&G(>2#&1/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE e?

T(1(+)* C0(+)2#1: M41' EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE eb

L3)1:( #1 S(;(14( S(>&:1#2#&1 -6 23( 7&)+' >&412#1: \4+0&/(/ 7(:#11#1:M#/>)* W()+ ?@Aa EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE ed

R#/2&+#>)* M#1)1>#)* \(+( )1' D2+4>24+)* U(#2 "M#/>)* W()+/ ?@AbN?@Aa$ EEEEEEEEEEEEEEEEEEEE ed C;(+;#(9 &< 7&)+'O/ 74':(2 \+&>(// EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE eB

C;(+;#(9 &< 7&)+'O/ M#/>)* W()+ ?@AB 74':(2 EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE eB S(J4(/2(' I''#2#&1)* D2)2( M41'#1: EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE e` 7&)+'O/ \*)1 2& I''+(// D2+4>24+)* U(#2 #1 M#/>)* W()+ ?@Ae )1' 7(6&1' EEEEEEEEEEEEEEEEEEEEEEEEEEEEEE e`

LIDR MYCQ I%U YKh8KUKFWEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE À

C;(+;#(9 EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE À F#=#1: &< S(>(#02 &< S(;(14(/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE À

F#=#1: &< PH0(1'#24+(/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE `?

M#/>)* W()+ ?@Aa )1' ?@AB D3&+2NF(+= 7&++&9#1: 2& M41' Y#J4#'#26 EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE ̀ b

M&+(>)/2(' Y#J4#'#26 EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE `b

FIi VIFFPSD EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE ̀ a

F3( D(+#(/ ?@ABI 7&1'/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE à F3( F)H)-*( D(+#(/ ?@AB7 7&1'/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE ̀ e

D2)2( )1' Y&>)* L&1/#'(+)2#&1/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE ̀ e

SIFK%TD EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE ``

MK%I%LKIY DFIFPVP%FD EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE ``

LCNMK%I%LKIY IUXKDCSD EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE ``

8%UPSQSKFK%T EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE ``

LPSFIK% SPYIFKC%DRK\D EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE `g

LPSFIK% YPTIY VIFFPSDEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE `g

YKFKTIFKC% EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE g@

T(1(+)* EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE g@

LC%FK%8K%T UKDLYCD8SP 8%UPSFI[K%T EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE g@

I114)* M#1)1>#)* K1*&/4+( EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE gA P;(12/ %&2#)2#&1f V)2(+#)* P;(12/ U#/>*&/4+( EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE gA L&1/(J4(1>(/ &< M)#*4+( 2& \+&;#'( K12#&1 S(*)2(' 2& L(+2)#1 7&1' U#/>*&/4+( S(J4#+(=(12/ EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE gb


8/499

";##$

I8FRCSKZIFKC% EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE DNA

%PP#(&'/#*

I\\P%UKi I c L(+2)#1 U(#)* D2)2(=(12/ )* W()+ ?@AaI\\P%UKi L c F3( S()* \+&0(+26 F)H D6/2(=

I\\P%UKi U c S( K124)+#)* X)*4)2#&1 S(0&+2 M&+ M#/>)* W()+ ?@AaI\\P%UKi R c M&+=/ &< C0#1#&1/ &< L&N7&1' L&41/(*I\\P%UKi K c 7&&.NP12+6 C1*6 D6/2(=I\\P%UKi _ c \+#1>#0)* \)6'&91 M)>2&+ F)-*( c \+& S)2) \)//NF3+&4:3 U#/2+#-42#&1 &< \+#1>#0)*

jS PVIK%UPS CM \ITP K %FP%FKC%IYYW YPMF 7YI%[ k


9/499

UVWXFYYYFYYYZ

2+%"& +, #&)/%-'+( +, -.# /'-3 +, /.'/%$+

)(0'1'-#& -%[ $#(#"%0 +20'$%-'+( 2+(&*

\&'/%-#& "#]#()#*^

UW_XFX`XFYYYZ

*>5A>H aY`b%

UW_FcVXFYYYZ

-6d6T:> *>5A>H aY`b2

'(-"+&)/-'+(

$>7>56:

F3( 04+0&/( &< 23#/ C*4'#1: 23( >&;(+ 0):(, 23( #1/#'( >&;(+ 0):( )1' 23(I00(1'#>(/ 3(+(2&, #/ 2& /(2 2#&1 9#23 23( &)0#2)*#5(' 2(+=/ 4/(' #1 23#/ Cf$E F3( 7&)+' #/(/2)-*#/3(' 41'(+ )1' :&;(+1(' -6 I+2#>*( bd &< 23( D>3&&* L&'( "A@a KYLD a$ "23( e*BC3&&* U#/2+#>2E F3( =(=-(+/ /(+;( 65f$E

-C> aY`b 2#0)* )=&412 &< 81*#=#2(' F)HT(1(+)* C-*#:)2#&1 7&1'/ "U('#>)2(' S(;(14(/$, D(+#(/ ?@ABI "23( e*>5A>H aY`b% 2)2(' S(;(14(/$,F)H)-*( D(+#(/ ?@AB7 "23( e-6d6T:> *>5A>H aY`b2 2&**(>2#;(*6 9#23 23( D(+#(/ ?@ABI 7&1'/,23( eaY`b 23 D(+#(/ &< 23( ?@AB 7&1'/ 9#** -(#//4(' 41'(+ ) /(0)+)2( F+4/2 K1'(124+(, ()>3 ')2(' )/ &< M(-+4)+6 A, ?@AB "23( e*>5A>H aY`b%'7@>7K;5>f )1' 23( e*>5A>H aY`b2 '7@>7K;5>,f +(/0(>2#;(*6, )1' ()>3 ) e*>5A>H '7@>7K;5>f$, -6 )1' -(29((1 23( 7&)+' )1' I=)*:)=)2(' 7)1. &< L3#>):&, L3#>):&, K**#1/, )/ 2+4/2(( 3 D(+#(/ "23(e-5;HK>>f$E I/ 4/(' 3(+(#1 9#23 +(( 2& ?@AB 7&1'/ &< ) D(+#(/, 23( 2(+= eF+4/2((f +((+2)#1 &23(+


10/499

?

\+&:+)= ")/ '((+2)#1 &< 23( 7&)+'O/ X)+#)-*( S)2( 7&1'/ ")/ '((+2)#1 /9)0 2(+=#1)2#&1 0)6=(12/, "#;$ +(24+( >(+2)#1 &42/2)1'#1: '(-2 &< 23(7&)+', ";$


11/499

b

()>3 D(+#(/ )+( )*/& 0)6)-*( >&412/ (/2)-*#/3(' )/ /(>4+#26 3?@AB 7&1'/ 04+/4)12 2& ()>3 D(+#(/ K1'(124+(E D(( e*#/)"'-3 ,+" -.# aY`b 2+(&*Ef

2+#02#&1/ )1' /4==)+#(/ &< ;)+#&4/ '&>4=(12/ 3(+(#1)3 '&>4=(12 &=0*(2( '(2)#*/ &< )** 2(+=/ )1'>&1'#2#&1/E I** /2)2(=(12/ 3(+(#1 )+( J4)*#4=(12E I**>)0#2)*#5(' 2(+=/ 4/(' )1' 1&2 &23(+9#/( '(3 2(+=/ #1%PP#(&'[ % O e/#"-%'( ,'('-'+(* %(& *)11%"3 +, /#"-%'( P"+]'*'+(* +,

-.# *#"'#* '((-)"#*f &+, #< 1&2 '((+2)#1 #13 9(-/#2(/ #1 23( &+0&+)2(' -6 +(( #12& 23#/ C?>7;>H 67@ P:>@=>@ -6d>H

F3( ?@AB 7&1'/ &< ()>3 D(+#(/ )+( 0)6)-*( @=>@ *K6K> %A@ ">?>7;>Hf )1' e p P:>@=>@ -6d>H9f D(( e'(-"+&)/-'+( g *>B;5AKL N aY`b 2>&412/ )1' D4-N


12/499

d

I>>&412/ 0*(':(' )/ /(>4+#26 3 D(+#(/ 41'(+ 23( )00*#>)-*( D(+#(/ K1'(124+(E D((ej ,:@ *K6K> %A@ ">?>7;>H 67@ P:>@=>@ -6d>H )7@>5 #6BC *>5A>H '7@>7K;5>9f

*K6K;K@=> 67@ 0A>7

I/ I*2(+1)2( S(;(14( 7&1'/, 23( ?@AB 7&1'/ )+( (12#2*(' 2& 23( -(1(2 2& 23( *#(1 &< /4>3 0*(':( 9#23&42 )16 036/#>)* '(*#;(+6 &+ 2 )1' 23)2 23( *#(1 &< /4>3 0*(':( #/ ;)*#' )1' -#1'#1: )/ ):)#1/2 )** 0)+2#(/3);#1: >*)#=/ &< )16 .#1' #1 2&+2, >&12+)>2 &+ &23(+9#/( ):)#1/2 23( 7&)+' #++(/0(>2#;( &< 93(23(+ /4>3 0)+2#(/ 3);( 1&2#>( &< /4>3 *#(1E F3( U(-2 S(2 )*/& 0+&;#'(/ 23)2 >&;(1)12/ +(*)2#1: 2& I*2(+1)2(S(;(14( 7&1'/ )+( (1()-*( -6 )16 7&1'3&*'(+, )16 2)H0)6(+ &< 23( 7&)+' )1' 23( 0(&0*( &< 23( D2)2()>2#1: 23+&4:3 23( I22&+1(6 T(1(+)* &< 23( D2)2( &+ )16 '(/#:1((E F3( +#:32 2& /4>3 (1(=(12 #/#1>*4'(' #1 23( )00*#>)-*( D(+#(/ K1'(124+( /(>4+#1: 23( )00*#>)-*( D(+#(/ &< 23( ?@AB 7&1'/E

P:>@=>@ *K6K> %A@ ">?>7;>H

C;(+;#(9 &< D2)2( I#'E T(1(+)* /2)2( )#' "e*K6K> %A@f$ +(0+(/(12/ ) =)G&+ 0&+2#&1 &< D2)2(/400&+2 (*(=(12)+6 )1' /(>&1')+6 />3&&*/E D2)2( I#' #/ 1&2 2)+:(2(' &+ >)2(:&+#>)* #11)24+(, -42 =)6 :(1(+)**6 -( (H0(1'(' )2 23( '#/>+(2#&1 &< 23( *&>)* />3&&* '#/2+#>2/E R&9(;(+, 23( D>3&&*L&'( +(J4#+(/ 23( 7&)+' 2& '('#>)2( ) =#1#=4= &< m?BAE@ =#**#&1 )114)**6 )2(' +(;(14( /&4+>(/(>4+#1: I*2(+1)2( S(;(14( 7&1'/E F3( D2)2( I#' S(;(14(/ +(>(#;(' -6 23( 7&)+' #1 )16 M#/>)* W()+,*(// 23( D400*(=(12)* T(1(+)* D2)2( I#' I**&>)2#&1, #/ +()2(' +(;(14( /&4+>( /(>4+#1: I*2(+1)2( S(;(14( 7&1'/ 41'(+ 23( U(-2 S(2E

D2)2( I#' L)*>4*)2#&1E D2)2( I#' 2/E C1(

#/ ) M&41')2#&1 M&+=4*) T+)12 "23( e,&=-#1)2#&1 &< D2)2( )1' !&8&+)&7)1 )#;&) $1/#=$;1/4 2& =((2 23( /2)242&+6 M&41')2#&1 Y(;(* ")/ '(2 #1>+()/(, 23( M&41')2#&1 M&+=4*) T+)12 0(+ 040#* 23)2 ) />3&&* '#/2+#>2 =)6 >*)#= '(>+()/(/E F3( /(>&1' :+)12 #/ 23( D2)2( I#' :+)12 &=(/24'(12/ "23( eP5KL $567Kf$E F3#/ :+)12 #/ 1&2 &&=( /24'(12/ #1 ) />3&&* '#/2+#>2E F3()=&412 &< 23( \&;(+26 T+)12 0(+ 040#* #1>+()/(/ )/ 23( 14=-(+ )1'q&+ 0+&0&+2#&1 &< *&9N#1>&=( /24'(12/#1 /4>3 />3&&* '#/2+#>2 #1>+()/(/E

F3( >)*>4*)2#&1 &< 23( M&41')2#&1 M&+=4*) T+)12 #/ -)/(' 40&1 ) 3&&* L&'( 3&&* '#/2+#>2/ #1 23( D2)2( "23( e,:f$ )1' 3)/ -((1 /(2 )2 mB,AAg 0(+ 040#* /#1>( M#/>)* W()+ ?@A@E F3( M&41')2#&1 M&+=4*) T+)12 0+&;#'(/ 23#/ )=&412

0(+ 040#* *(// ) />3&&* '#/2+#>2O/ !&8&+)&7)1 )#;&) $1/#=$;1/4 0(+ 040#*, 93#>3 #/ >)*>4*)2(' 04+/4)12 2& )>&=0*(H /2)242&+6 >&412 14=(+&4/ *&>)**6 -)/(' 2&+/E F3(/( 2&+/ #1>*4'(23( (J4)*#5(' )//(//(' ;)*4)2#&1 &< 0+&0(+26 9#23#1 ) />3&&* '#/2+#>2, )1 )//4=(' 0+&0(+26 2)H (H2(1/#&1,)1' >&+0&+)2( 0(+/&1)* 0+&0(+26 +(0*)>(=(12 2)H "ePP"-f$ +(;(14(/E K1 )''#2#&1, 23( e 0(+ 040#* >&412f 4/(' #1 >)*>4*)2#1: 23( M&41')2#&1 M&+=4*) T+)12 #/ 23( :+()2(+ &< ) />3&&* '#/2+#>2O/ -(/2 23+(( =&123/O);(+):( ')#*6 )22(1')1>( #1 23( 0+(;#&4/ 6()+ &+ )1 );(+):( &< 23( -(/2 23+(( =&123/O );(+):( ')#*6)22(1')1>( #1 23( 0+(;#&4/ 23+(( 6()+/ "23( eP>5 P;MA: /


13/499

a

(1+&**=(12 )1' 23( *(;(* &< *&>)* 0+&0(+26 2)H(/, 23( *)22(+ &< 93#>3 #1>*4'( "#$ >3)1:(/ #1 23( (J4)*#5(')//(//(' ;)*4)2#&1 &< 0+&0(+26 9#23#1 23( D>3&&* U#/2+#>2, "##$ 23( )''#2#&1 &< 1(9 0+&0(+26 2& 23( 7&)+'O/2)H -)/(, )1' "###$ 23( '(2(+=#1)2#&1 &< 23( 7&)+'O/ =)H#=4= &0(+)2#1: 2)H +)2( #1 )16 :#;(1 6()+ 41'(+\FPYY ")/ '(?>7;>H g P55KL-6d O "##$%&'(%)* )+ ,-.// () (01 2)'34 f$E M&+ ) :(1(+)* /4==)+6 &< 23( >4++(12 0+&>('4+(/ (#;(' -6 23( 7&)+' #1 2(' -6 \\SF +(;(14(/ )1' &23(+ 2&+/E I >3)1:( #1 )16 &< 23(/( 2&+/ >&4*' #=0)>2 23( *(;(*&< D2)2( I#' #1 3&&* '#/2+#>2 9#23#1 23( D2)2( 2& 0+&;#'( )''#2#&1)* 2 )1' #/ >)*>4*)2(' -)/(' &1 )/>3&&* '#/2+#>2O/ 14=-(+ )1' 0+&0&+2#&1 &< *&9N#1>&=( /24'(12/E F3#/ :+)12 #/ 1&2 &3#*'+(1(*#:#-*( ( \+&:+)= "D%I\$, )1' 23(L3#*'+(1O/ R()*23 K1/4+)1>( \+&:+)= "LRK\$ &+ F(=0&+)+6 I//#/2)1>( (/ "URD$E I NABAK A7 ,AHB6: 3>65 aY`W

67@ 2>L)#' )1' &23(+ )//#/2)1>( 23)2 #=0)>2/ 23( 7&)+'O/ D2)2( I#' S(;(14(/E

F3( 2&2)* )=&412 >)*>4*)2(' -6 23( K**#1/ D2)2( 7&)+' &< P'4>)2#&1 "e'*2#f$ 04+/4)12 2& 23(D>3&&* L&'( 3 />3&&* '#/2+#>2 )/ 23( /4= &< 23( M&41')2#&1 M&+=4*) T+)12 )1' 23( \&;(+26 T+)12 #/+(


14/499

B

I/ /3&91 #1 23( 2)-*( -(*&9, )*23&4:3 23( M&41')2#&1 Y(;(* 3)/ #1>+()/(' )*W()+ ?@@B 2& mB,AAg #1 M#/>)* W()+/ ?@A@ 23+&4:3 ?@AB, 23( M&41')2#&1 M&+=4*) T+)12 D2)242&+6 L*)#=3)/ '(>+()/(' )* W()+ ?@@B 2& )00+&H#=)2(*6 m?edE@ =#**#&1 #1M#/>)* W()+ ?@ABE F3#/ +(/4*2/ )2#&1 &< 23( /2)242&+6 *#1(' )* W()+ ?@@B 2& meeg #1 M#/>)*W()+ ?@AB, +(2#1: )1 #1>+()/( #1 !&8&+)&7)1 )#;&) $1/#=$;1/4 )/ '(2(+=#1(' 04+/4)12 2& 23( D>3&&*L&'(E F3( &23(+ >&=0&1(12 &< >)*>4*)2#&1 &< 23( 2&2)* M&41')2#&1 M&+=4*) T+)12 D2)242&+6 L*)#=, 23(\(+ \40#* L&412, 3)/ +(=)#1(' +(*)2#;(*6 /2)-*( -(29((1 M#/>)* W()+/ ?@@B )1' ?@AB, 9#23 ) 3#:3 &<bee,gag )1' ) *&9 &< bde,`daE

F3( ( &1 23( \&;(+26 T+)12 )/ ) >&=0&1(12&< #2/ D2)242&+6 L*)#= &;(+ 23( 0(+#&' /3&91E F3( 7&)+'O/ \&;(+26 T+)12 D2)242&+6 L*)#= 3)/ 1()+*62+#0*(' &;(+ 23( 2#=( +()/#1: )* W()+ ?@@B 2&)00+&H#=)2(*6 meebEB =#**#&1 #1 M#/>)* W()+ ?@ABE

,6BK5 P;MA:^

25 P;MA:

/


15/499

e

D2)242&+6 L*)#=/ 3&&* '#/2+#>2/ #1 23( D2)2(E F3( +(/4*2#1: /3)+( &< 23( D2)242&+6 L*)#= )**&>)2('2& ()>3 />3&&* '#/2+#>2 #/ +(*4'#1: )=(1'=(12/ 2&#1>+()/( &+ '(>+()/( )00+&0+#)2#&1/E D(( eO .AHKK>@ *K6K> %A@ ">?>7;>Hf (12):( &< 23( 7&)+'O/ D2)242&+6 L*)#= )00+&0+#)2(' -6 23( K**#1/ T(1(+)* I//(=-*6 )* W()+/?@@B 23+&4:3 ?@ABE

7(>)4/( +(>(#02 &< D2)2( I#' 0)6=(12/ #/ /4-G(>2 2& )00+&0+#)2#&1 -6 23( K**#1/ T(1(+)*I//(=-*6, D2)2( I#' 0)6=(12/ )+( >&1/(J4(12*6 /4-G(>2 2& 23( );)#*)-#*#26 &< /4@ *K6K> %A@ ">?>7;>Hf )1' ej,A767BA6: /)* W()+ ?@AB I00+&0+#)2#&1 )1' D2)2( 74':(2E I*23&4:3 23( K**#1/ T(1(+)* I//(=-*6 3)/1&2 )'&02(' )1' T&;(+1&+ S)41(+ 3)/ 1&2 /#:1(' ) -4':(2 3 -(:)1_4*6 A, ?@Aa, 23( K**#1/ T(1(+)* I//(=-*6 3)/ )423&+#5(' )1' T&;(+1&+ S)41(+ 3)/ /#:1(' #12& *)9 23()00+&0+#)2#&1/ 2& &1')+6 ('4>)2#&1, #1>*4'#1: D2)2( I#', )* W()+ ?@ABEF3( 7&)+' (H0(>2/ 2& +(>(#;( g?EAs &< #2/ D2)242&+6 L*)#= #1 M#/>)* W()+ ?@AB )1' 23( 7&)+'O/ M#/>)*W()+ ?@AB -4':(2 +(2/ 23#/ )=&412E

I114)* I'G4/2=(12 2& \+#&+ W()+O/ D2)242&+6 L*)#=E D2)2( I#' >)1 -( #1>+()/(' &+ '(>+()/(')114)**6 )**6, 23(+( #/ ) 1(2 #1>+()/( 2& 23(6()+*6 )::+(:)2( D2)2( I#' (12#2*(=(12 )/ ) +(/4*2 &< 23(/( 0+#&+N6()+ )'G4/2=(12/E I00*#>)-*( D2)2( *)9#=0&/(/ )1 )114)* >)0 &1 23(/( )'G4/2=(12/ &< m?a =#**#&1 )1' 0+&+)2#&1 &< 23(/( 0)6=(12/ )>+&// )**/>3&&* '#/2+#>2/, +(/4*2#1: #1 )1 );(+):( )114)* )'G4/2=(12 2& 23( 7&)+' &< )00+&H#=)2(*6 mABEb =#**#&1ED(( 23( 2)-*( eOO,6BK3&&*/E F3(+( )+( 29& >3)+2(+ />3&&*/ 9#23#1 23( -&41')+#(/ &< 23(D>3&&* U#/2+#>2 93#>3 3);( -((1 )423&+#5(' )1' >3)+2(+(' -6 23( K**#1/ L3)+2(+ D>3&&* L&==#//#&1+)23(+ 23)1 -6 23( 7&)+' "e*K6K>O%MM5@ /C65K>5 *BC)*>4*)2(' &1 23( /)=( -)/#/ )/ 23( )2#&1 &< D2)2( I#' 0+#&+2& 23( 7&)+' +(>(#;#1: D2)2( I#' 2/ )00+&H#=)2(*6 mAAEg=#**#&1 2& -( 0+&;#'(' 2& 23(/( D2)2(NI00+&;(' L3)+2(+ D>3&&*/ >4++(' /#1>( M#/>)* W()+ ?@AdE F3(/( D2)2(NI00+&;(' L3)+2(+ D>3&&*/ )+( /(0)+)2( 3)+2(+ />3&&*/ 23)2 )+( 3&&*/E

R#/2&+#>)*, 74':(2(' )1' \+&G(>2(' D2)2( I#' S(;(14(/ )* W()+/ ?@@B N ?@ABE F3(2(' )* W()+ ?@AB, 23( +(J4#+(' /2)242&+6 >&12+#-42#&1/ 2('

D2)2( I#' S(;(14(/ '(0&/#2(' #12& 23( T(1(+)* M41'E %&2( 23)2 23( )=&412/ -(*&9 #1>*4'( D2)2( I#'+(>(#;(' -6 23( 7&)+' #1 ) M#/>)* W()+ )/ ) +(/4*2 &< )'G4/2=(12/ #1 0+#&+N6()+ D2)2( I#' )**&>)2#&1/E D((eg%77;6: %@k;HKG>7K K< P5A65iH *K6K;K2(' D2)2( I#' S(;(14(/ )* W()+ ?@AB #123( )=&412 &< )00+&H#=)2(*6 me@eEg =#**#&1E F3#/ #/ )1 #1>+()/( &< )00+&H#=)2(*6 mABEe =#**#&1 3 #/ )00+&H#=)2(*6 mBgAE? =#**#&1E


16/499

`

*K6K> %A@ ">?>7;>H

,AHB6: 3>65H aYYb g aY`b

\&B>A?>@

,AHB6:

3>65

*K6K;K7K -

%MM5


17/499

g

\+&G(>2(' D2)2( I#' S(;(14(/ )* W()+/ ?@Ae N ?@?AE I//4=#1: 1& >3)1:(/ 2& 23( D2)2(I#' 2/ ) '(>+()/( #1 D2)2( I#' S(;(14(/ &;(+ M#/>)* W()+/ ?@AeN?@?AEF3( 7&)+' (H0(>2/ #2/ D2)242&+6 L*)#= 3 M#/>)* W()+/ 2& '(>+()/( '4( 2& >(+2)#1 >3)1:(/ #1'(=&:+)03#>/ &< 23( D>3&&* U#/2+#>2, #1>*4'#1: #1>+()/#1: !&8&+)&7)1 )#;&) $1/#=$;1/64 ) *&9(+ \(+ \40#*L&412, )1' ) +('4>2#&1 #1 23( 7&)+'O/ *&9N#1>&=( /24'(12 0&04*)2#&1E F3( &=0)+(' 2& 23( D2)242&+6

L*)#= )* W()+ )1' 23( +(/4*2)12 0+&G(>2(' D2)2( I#' S(;(14(/E F3( 0+&G(>2#&1/ #1 23(2)-*( -(*&9 )+( -)/(' 40&1 ;)+#&4/ )//4=02#&1/, =)16 &< 93#>3 )+( &42/#'( 23( >&12+&* &< 23( 7&)+', )1'=)6 1&2 =)2(+#)*#5(E F3+&4:3&42 23#/ CB>AMK ,;7@Hf )1' e2+(&.+0"*i "'*R* g %?6A:6TA:AKL HK5ABK>@ *K6K> %A@ ">?>7;>HEf F3( 2)-*( -(*&9 )*/& /(2/ 2(' #)* #=0)>2 &<

D2)2( I00+&0+#)2#&1 \+&+)2#&1 &1 D2)2( I#' S(;(14(/ 2& 23( 7&)+' -)/(' &1 )1 )//4=(' D2)2()00+&0+#)2#&1 &< gdE?s &< 23( D2)242&+6 L*)#=/ &< K**#1/ />3&&* '#/2+#>2/ 3 M#/>)* W()+ /3&91EF3( D2)2( )00+&0+#)2#&1 9)/ gaE@s #1 M#/>)* W()+ ?@A? )1' #/ -4':(2(' )2 g?EAs )* W()+ ?@ABED(( 23( /4-3()'#1: ej.AHK@ *K6K> %A@ ">?>7;>Hf )* D2)2()00+&0+#)2#&1 0(+>(12):(/ )* W()+/ ?@@BN?@AaE



18/499

A @

P5BK>@ )75>HK5ABK>@ *K6K> %A@ ">?>7;>H ,AHB6: 3>65H aY`WOaYa` 67@ 'GM6BK 65 U /C67=> A7 *K6K;K %A@

P6LG>7K %@k;HKG>7KH

,AHB6:

3>65 P5A65\`^

2

0


19/499

AA

U(-2 D(+;#>( F)-*( )1' 81+(/2+#>2(' D2)2( I#' S(;(14(/ \*(':('E I/ &< _)14)+6 A, ?@AB, )1' 0+#&+ 2& 23( #//4)1>( &< 23( ?@AB 7&1'/ )1' #=0*(=(12)2#&1 &< 23( 7&)+'O/ \*)1 &< M#1)1>( )/ '(/>+#-('3(+(#1, 23( 7&)+' 3)/ #//4(' )1' 23(+( #/ &42/2)1'#1: )00+&H#=)2(*6 mdEe -#**#&1 )::+(:)2( 0+#1>#0)*)=&412 &< I*2(+1)2( S(;(14( 7&1'/ /(>4+(' -6 81+(/2+#>2(' D2)2( I#' S(;(14(/ 41'(+ ;)+#&4/I423&+#5)2#&1/ &< 23( 7&)+' "23( e+;KHK67@A7= *K6K> %A@ %:K>576K> ">?>7;> 22(' D2)2(I#', )/ 9(** )/ &23(+ *&1:N2(+= '(-2 /(>4+(' -6 )' ;)*&+(= 0+&0(+26 2)H(/, 93#>3 #/ >4++(12*6 &42/2)1'#1:#1 23( )::+(:)2( 0+#1>#0)* )=&412 &< )00+&H#=)2(*6 mAEd -#**#&1E D(( %PP#(&'[ 2 g e%)&'-#&,'(%(/'%0 *-%-#1#(-* ,+" ,'*/%0 3#%" aY`Xf )1' e- *-")/-)"# g 05G&>TK +T:A=6KA( &< 23( ?@AB 7&1'/ )1' #=0*(=(12)2#&1 &< 23(\*)1 &< M#1)1>(E D(( eP0%( +, ,'(%(/#9f

F3( >&*4=1 (12#2*(' e)75>HK5ABK>@ *K6K> %A@ ">?>7;>H P:>@=>@f /(2/ 2(' D2)2( I#' S(;(14(/ 0*(':(' 2& /(>4+( /4>3 -&1'/ 04+/4)12 2& 23( +(J4#+(=(12/ &< 23( U(-2S(2 41'(+ 23(#+ +(/0(>2#;( -&1' +(/&*42#&1/ "#E(E A@s &+ ?as >&;(+):( '(0(1'#1: &1 23( /2)242&+6+(J4#+(=(12/ 93(1 /4>3 -&1'/ 9(+( #//4('$E

F3( 7&)+' 3)/ 0+&G(>2(' 81+(/2+#>2(' D2)2( I#' S(;(14(/ 2& -( +(>(#;(' )* W()+/ ?@AB23+&4:3 ?@?A 93#>3 )+( *(// 23)1 23( )=&412/ /3&91 #1 23( )4'#2(' #)* /2)2(=(12/ &< 23( 7&)+' 2 23( )=&412 &< 81+(/2+#>2(' D2)2( I#' S(;(14(/23)2 #2 9#** +(>(#;( #1 )16 6()+ )1' /4>3 +(;(14(/ 3);( '(>+()/(' #1 +(>(12 6()+/ )* W()+ ?@A@ 2& )00+&H#=)2(*6 meabEd =#**#&1 #1 M#/>)* W()+ ?@Aa )1' )+( 0+&G(>2('2& '(>+()/( 2& )00+&H#=)2(*6 mdgdEB =#**#&1 #1 M#/>)* W()+ ?@?AE K1 23( (;(12 23)2 &1 )16 U(0&/#2 U)2(23(+( 3)/ 1&2 -((1 '(0&/#2(' 9#23 23( F+4/2(( \*(':(' D2)2( I#' S(;(14(/ &+, )2 23( &02#&1 &< 23( 7&)+',&23(+ *(:)**6 );)#*)-*( 3 6()+, 23( \*(':(' F)H(/ 9#** -( (H2(1'(' )1' >&**(>2(' 3 6()+ #1 23( )=&412 &</4>3 /3&+2


20/499

A?

&>TK *>5?AB> -6T:> 67@ )75>HK5ABK>@ *K6K> %A@ ">?>7;>H P:>@=>@Z

,AHB6: 3>65

&>TK *>5?AB> %A@

%:K>576K>

">?>7;>

2TK *>5?AB>

Z

)75>HK5ABK>@ *K6K> %A@

">?>7;>H P:>@=>@\a^

?@AB mbdA,A?B,?`` mbdA,A?B,?`` mb`@,b``,à@?@Ae bbB,`bA,B?? bbB,`bA,B?? bed,BBg,d?g?@A` bbB,g?B,b?? bbB,g?B,b?? bea,dB`,b?a?@Ag bbB,BBg,g@e bbB,BBg,g@e bed,B?b,bbA?@?@ bba,Aed,à` bba,Aed,à` beb,@?b,@g`?@?A bbg,gae,??b bbg,gae,??b bee,Ba?,Bb@?@?? bdd,d`B,dB` bdd,d`B,dB` b`?,Bdd,@@`?@?b bBg,AAb,`?b bBg,AAb,`?b d@g,ed@,e@A?@?d bBg,@bB,bae bBg,@bB,bae d@g,BB@,@AA?@?a bB`,ge`,bgb bB`,ge`,bgb d@g,BA?,a?`?@?B d?A,Baa,@A@ d?A,Baa,@A@ dBe,aaa,eAB?@?e bBb,?a@,Ae` bBb,?a@,Ae` d@b,b??,@?e?@?` bga,bd`,bAd bga,bd`,bAd db`,Bb`,de@

?@?g bbd,ggg,BAA bbd,ggg,BAA be?,?da,Aae?@b@ b?e,bb`,b`` b?e,bb`,b`` bBb,`bd,@@B?@bA b@`,b?d,B?@ b@`,b?d,B?@ bd?,gbb,?Bd?@b? b@a,gaA,deg b@a,gaA,deg bd@,?Ab,aa??@bb ?dA,@g`,Aae ?dA,@g`,Aae ?Ba,?@e,geb?@bd ?d@,geA,Bda ?d@,geA,Bda ?Ba,@B`,`@g?@ba ?d@,B`B,èB ?d@,B`B,èB ?Bd,eaa,aBd?@bB ?d@,dee,beg ?d@,dee,beg ?Bd,a?a,AAB?@be ??g,bAb,e@` ??g,bAb,e@` ?a?,?da,@e`?@b` ?dB,aed,dA@ ?dB,aed,dA@ ?eA,?bA,à@?@bg ?dB,?`@,BdB ?dB,?`@,BdB ?e@,g@`,eAA?@d@ ?dB,@db,A`b ?dB,@db,A`b ?e@,Bde,a@A?@dA ?@@,Ada,`@` ?@@,Ada,`@` ??@,AB@,b`g?@d? ?@@,bb?,ea@ ?@@,bb?,ea@ ??@,bBB,@?a?@db ?@@,AaB,èa ?@@,AaB,èa ??@,Ae?,aBb

^^^^^^^^^^^^^^^D&4+>(l L3#>):& \4-*#> D>3&&*/E]

U&(/ 1&2 +(2 23( #//4)1>( &< 23( ?@AB 7&1'/ &+ #=0*(=(12)2#&1 &< 23( \*)1 &< M#1)1>(E F3#/ 2)-*( #/ 2& -( 40')2('

#1 23( (E D((eP0%( +, ,'(%(/#Ef

\`^ U(-2 /(+;#>( &1 C42/2)1'#1: D2)2( I#' I*2(+1)2( S(;(14( 7&1'/ 23)2 -()+ #12(+(/2 )2 ) ;)+#)-*( #12(+(/2 +)2( #/>)*>4*)2(' )2 dEas &+ as, '(0(1'#1: &1 23( '(0&/#2 +(J4#+(=(12 #1 23( #1'(124+( /(>4+#1: /4>3 -&1'/f )>24)* +)2(/ =)6;)+6E M&+ C42/2)1'#1: I*2(+1)2( D2)2( I#' S(;(14( 7&1'/ /(>4+(' -6 ) >&=-#1)2#&1 &< 81+(/2+#>2(' D2)2( I#'S(;(14(/ )1' )1&23(+ '('#>)2(' /&4+>( &< +(;(14(, 23( >&*4=1 &1*6 #1>*4'(/ 23( 0&+2#&1 &< '(-2 /(+;#>( 2& -( 0)#' 2(' D2)2( I#' S(;(14(/E

\a^F3( 81+(/2+#>2(' D2)2( I#' S(;(14(/ \*(':(' #/ 23( )=&412 0*(':(' 04+/4)12 2& 23( U(-2 S(2 )/ '(/>+#-(')-&;( )1' #1 /&=( #1/2)1>(/ =)6 -( :+()2(+ 23)1 23( 7&)+'O/ 0+&G(>2(' 81+(/2+#>2(' D2)2( I#' S(;(14(/E D(( 23('#/>4//#&1 0+(>('#1: 23( 2)-*( )-&;( )1' #1 23( /4-3()'#1: eOOP5BK>@ *K6K> %A@ ">?>7;>H N65H aY`WOaYaÈf

D2)2( I#' \)6=(12/E F3( D>3&&* L&'( 0+&;#'(/ (' '(*)6/ #1 +(>(#02 &<>(+2)#1


21/499

Ab

S(>&:1#5(' U#/2+#>2 )1' Y(:#/*)2#;( D2)1')+'/ (#02 &< D2)2( I#'E D2)2( I#' #/ '#/2+#-42('2& K**#1/ />3&&* '#/2+#>2/ 23)2 =)#12)#1 e$1;#-,+J1' '+/0$+;0 /0&0=/f 23)2 #/ )>3#(;(' 04+/4)12 2& 23( 0(+#&'#> >&=0*#)1>( +(;#(9/ &< ) />3&&* '#/2+#>2 -6 23( &2/ >&=0*6 9#23 23( +(J4#+(' /2)1')+'/ &< D2)2( *)9)1' #1 >)/( &< 2 #/#1(*#:#-*( 2& *)#= &:1#2#&1, 23( 7&)+' =4/2 )*/& )'3(+( 2& );)+#(26 &< &23(+ *(:#/*)2(' /2)1')+'/ #1 &+'(+ 2& +(>(#;( D2)2( #)* /400&+2, #1>*4'#1: 23( ( >(12(+/ -)/(' &1 23( 14=-(+ &< /24'(12/ (*#:#-*( 2& +(>(#;( ( *41>3(/ &+ -+().3&&* L)*(1')+ 23)2 (1/4+(/ )2 *()/2 AeB ')6/ &< 040#* )22(1')1>(E D>3&&*'#/2+#>2/ 93#>3 3&&*/ ( ')6/ =)6 -( /4-G(>2 2&23( *&// &< D2)2( I#'E F3( #)* *&// #/ >)*>4*)2(' &1 23( -)/#/ &< ) ')#*6 0(1)*26 &< @EaB`A`s "A'#;#'(' -6 AeB$ 3 ')6 &< +(J4#+(' &0(+)2#&1 1&2 =(2E 81'(+ >(+2)#1 >#+>4=/2)1>(/, ) />3&&* '#/2+#>2=)6 1&2 -( 0(1)*#5(' 3 )/, -42 1&2 *#=#2('

2&, 23( &>>4++(1>( &< e)>2/ &< :&'Ef D(( e"#/#(- ]#0+P1#(-* g /CAB6=< ->6BC>5H )7A7>@ ->6BC>5Hi *K5A8>f )1' e2+(&.+0"*i "'*R* g 2;@=>K %BKA7@A7= /;KHF *K6NN ">@;BKA6BC>5Hi /6K>7>@ ->6BC>5Hi *K5A8>9f

• M#*#1: &< )1 )114)* +(0&+2 +(*)2#1: 2& 23( 14=-(+ &< >3#*'+(1 93& 3);( +(>(#;(', 3);( 1&2+(>(#;(', &+ )+( (H(=02(' (//)+6 #==41#5)2#&1/ )1' 3()*23 (H)=#1)2#&1/E K< *(// 23)1 g@s &<23&/( /24'(12/ (1+&**(' #1 ) />3&&* '#/2+#>2 3);( 3)' 23( 1(>(//)+6 #==41#5)2#&1/ &+ 3()*23 (H)=#1)2#&1/,A@s &< ()>3 /4-/(J4(12 D2)2( I#' 0)6=(12 #/ 9#233(*' -6 23( +(:#&1)* /40(+#12(1'(12 412#* 23( />3&&*'#/2+#>2 #/ #1 >&=0*#)1>( 9#23 23( g@s +(J4#+(=(12E

F3( 7&)+' #/ #1 >&=0*#)1>( 9#23 23( *(:#/*)2(' /2)1')+'/ (#02 &< D2)2( I#'E



22/499

Ad

P:>@=>@ -6d>H

K**#1/ S()* \+&0(+26 F)H D6/2(= C;(+;#(9E F3( *(;6, (H2(1/#&1 )1' >&**(>2#&1 &< )' ;)*&+(= 0+&0(+26 2)H(/ #1 K**#1/ )+( :&;(+1(' -6 23( K**#1/ \+&0(+26 F)H L&'( "ba KYLD ?@@$ "23( eP55KL-6d /f$E I :(1(+)* /4==)+6 &< 23( >4++(12 0+&>('4+(/ 65f$ )+( (H2(1'(' -6 23( L&4126 &**(>2#&1 )1' )+( -#**(' 2& 0+&0(+26 &91(+/ #1 23( )*(1')+ 6()+ "23( e/BKA65f$E \+&0(+26 2)H(/ )+( >4++(12*6 '4( )1' 0)6)-*( -6 0+&0(+26 &91(+/#1 29& #1/2)**=(12/, 23( &1' &1 23( *)2(+ &< I4:4/2 A &+ b@ ')6/ )3 L&**(>2#&1 W()+E F3( 4++(12 6()+O/ 2)H -#**E

\*(':(' F)H(/ Y(;#('E \4+/4)12 2& 23( 7&1' S(/&*42#&1, 23( 7&)+' 3)/ *(;#(' 23( \*(':(' F)H(/3 6()+ 23)2 23( ?@AB 7&1'/ )+( &42/2)1'#1:, #1 )=&412/ /4&;(1)12(' 41'(+ ()>3D(+#(/ K1'(124+( 2& 2).( )** )>2#&1/ 1(>(//)+6 2& >)4/( 23( *(;6 )1' (H2(1/#&1 &< )' ;)*&+(= 0+&0(+26 2)H(/

#1 (H>(// &< 23&/( 0+(;#&4/*6 *(;#(', #< 1(>(//)+6, 2& 0)6 '(-2 /(+;#>( &1 23( ?@AB 7&1'/E

D#1>( 23( \*(':(' F)H(/ 3);( -((1 *(;#(' #1 23( 7&1' S(/&*42#&1 )423&+#5#1: 23( ?@AB 7&1'/, 1&2#&1 &< 23( 7&)+' #/ +(J4#+(' 2& #=0*(=(12 23( (H2(1/#&1 )1' >&**(>2#&1 &< 23( \*(':(' F)H(/ 2& 0)6 23( ?@AB 7&1'/ #1 )16 6()+ #< \*(':(' D2)2( I#' S(;(14(/, &+ &23(+ *(:)**6 );)#*)-*( )-*( D(+#(/ K1'(124+( )/ '(/>+#-(' -(*&9 41'(+ 23( /4-3()'#1:eO ,:@ *K6K> %A@ ">?>7;>H 67@ P:>@=>@ -6d>H )7@>5 #6BC *>5A>H '7@>7K;5>f #1)=&412/ /43 6()+ 41*(// 23( 7&)+' 2).(/ ) 2#&1 2& )-)2( 23( \*(':(' F)H(/E

M&+ ) '#/>4//#&1 &< 23( 0+&0(+26 2)H +)2(/ )1' *(;#(/ &< 23( 7&)+' )1' 23( C;(+*)00#1: F)H#1:U#/2+#>2/ ")/ '(

-' ?%9(3%&(9A B13('%* ,3)#)914 B%(C ,3)#13(C -'< D*&31'9199f M&+ ) '#/>4//#&1 &< >(+2)#1 +#/./+(*)2(' 2& 23( \*(':(' F)H(/, /(( e2+(&.+0"*i "'*R* g %?6A:6TA:AKL @=>@ -6d>H 67@P55KL -6d ">?>7;>H9f

I114)* U(2(+=#1)2#&1 &< I-)2(=(12 &+ PH2(1/#&1 &< \*(':(' F)H(/E F3( \*(':(' F)H(/ /(>4+#1:23( ?@AB 7&1'/ >)1 -( )-)2(' -6 23( 7&)+' ()>3 6()+ &1*6 >&412 &< 23( U(-2 D(+;#>( M41' (/2)-*#/3(' 41'(+ 23( D(+#(/ K1'(124+( /(>4+#1: /4>3 D(+#(/,&1 &+ -((('/, 2& 0)6 23( #12(+(/2 &1 )1' 0+#1>#0)* &< /4>3 D(+#(/ &< ?@AB 7&1'/ 23)2 9#**

>&=( '4( )1' 0)6)-*(, 93(23(+ )2 =)24+#26 &+ 40&1 =)1')2&+6 /#1.#1: (/ ) '(2(+=#1)2#&1 &< /46, 23( 7&)+' 9#** 2).( /4>3 )>2#&1/ )/ )+( 1(>(//)+6 2& )-)2( 23(\*(':(' F)H(/ 23)2 3);( -((1 *(;#(' &**(>2#&1 #1 /4>3 6()+E K1 23( (;(12 23( U(0&/#2 %&2#>( '(*#;(+(' -6 23( F+4/2(( #1 )16 6()+ (;#'(1>(/ )1 #1/46 #1 23( )=&412 &1 '(0&/#2 #1 23( \*(':(' D2)2( I#'S(;(14(/ I>>&412, 23( F+4/2(( 9#** 1&2#3 )>2#&1/ )/ )+( 1(>(//)+6 2& >)4/( 23( (H2(1/#&1 &< 23( \*(':(' F)H(/ *(;#('


23/499

Aa

>&**(>2#&1 '4+#1: /4>3 6()+ #1 )1 )=&412 /4MBKA(#;(' -6 23( F+4/2(( /3)** -( "#$ '(0&/#2(' 0+&=02*6 40&1 +(>(#02 #12& 23( \*(':('F)H(/ I>>&412 (/2)-*#/3(' 41'(+ ()>3 D(+#(/ K1'(124+( )1' "##$ )00*#(' 2& 23( 0)6=(12 &< 23( #12(+(/2 &1)1' 0+#1>#0)* &< 23( ?@AB 7&1'/ '4( '4+#1: 23( >)*(1')+ 6()+ #1 93#>3 /4>3 \*(':(' F)H(/ )+( (H2(1'('

)1' >&**(>2('E D(( %PP#(&'[ %je/#"-%'( ,'('-'+(* %(& *)11%"3 +, /#"-%'(P"+]'*'+(* +, -.# *#"'#* '((-)"#* O P%"-'/)0%" /+]#(%(-* %(&

"#P"#*#(-%-'+(* +, -.# 2+%"& O /767KH ">=65@A7= P:>@=>@ -6d>H9f

\4+/4)12 2& 23( D(+#(/ K1'(124+(/, 23( 7&)+' >&;(1)12/ 23)2 )/ *&1: )/ )16 &< 23( ?@AB 7&1'/+(=)#1 C42/2)1'#1:, 23( 7&)+' 9#** 1&2 =&'#3)1:(/ #1 D2)2( *)9, 0+&>('4+(/, +4*(/ &++(:4*)2#&1/ 23(+(41'(+ 9#23 +(/0(>2 2& 23( >&**(>2#&1 )1' '#/2+#-42#&1 &< )' ;)*&+(= 0+&0(+26 2)H(/f 0+&;#'(' 23)2 1& /4>3 =&'#)2#&1 &+ )=(1'=(12 =)6 0+&;#'( &;(1)12 >&1/2#242(/ )1P;(12 &< U(4+( 0(+#&'E D(( %PP#(&'[ %j e/#"-%'( ,'('-'+(* %(& *)11%"3 +, /#"-%'( P"+]'*'+(* +, -.# *#"'#*

'((-)"#* O P%"-'/)0%" /+]#(%(-* %(& "#P"#*#(-%-'+(* +, -.# 2+%"& O/767KH ">=65@A7= P:>@=>@ -6d>Hnf )1' eO #]#(-* +, ,%)0- %(& "#1#&'#*9f

,:@ *K6K> %A@ ">?>7;>H 67@ P:>@=>@ -6d>H )7@>5 #6BC *>5A>H '7@>7K;5>

K1'(124+( U(-2 D(+;#>( M41'/ )1' I>>&412/E P)>3 D(+#(/ K1'(124+( (/2)-*#/3(/ ) '(-2 /(+;#>(>&412/ 9#23#1 23( U(-2 D(+;#>( M41'l"#$ )1 )>>&412 ?>7;>H%BB)0#2)*#5(' #12(+(/2 0+&>(('/, 23( #12(+(/2 &1 )1' 0+#1>#0)* &< 23(?@AB 7&1'/ &< /4>3 D(+#(/ />3('4*(' 2& -( 0)#' 4++(12 7&1' W()+E e265f


24/499

AB

7&1'/ =()1/ ()>3 )114)* 0(+#&' -(:#11#1: &1 U(>(=-(+ ? &< ) >)*(1')+ 6()+ 2& )1' #1>*4'#1:U(>(=-(+ A &< 23( 1(H2 /4>>(('#1: >)*(1')+ 6()+, )1' #1>*4'(/ 23( _41( A )1' U(>(=-(+ A '(-2 /(+;#>( 0)6=(12/ 2& -( =)'( '4+#1: ()>3 >)*(1')+ 6()+E

"##$ K1 23( (;(12 23)2 &1 )16 U(0&/#2 U)2( 23(+( 3)/ 1&2 -((1 '(0&/#2(' 2& 23( >+('#2 &< 23(\*(':(' D2)2( I#' S(;(14(/ I>>&412 (/ '(/>+#-(' #1 "#$ )-&;( ) /4)*(1')+ 6()+ &< /4>3 U(0&/#2 U)2( 9#** -( (H2(1'(' #1 )1 )=&412

/4>&412, 2& 0+&;#'( >&412, 23( 7&)+' 9#** 2).( /4>3 )>2#&1/ )/ )+( 1(>(//)+6 2& )-)2( 23( \*(':(' F)H(/*(;#(' &**(>2#&1 #1 23( >)*(1')+ 6()+ &< /4>3 U(0&/#2 U)2(E

M*&9 &< M41'/ U#):+)=E F3( '#):+)= -(*&9 '(/>+#-(/ 23( >&**(>2#&1, '(0&/#2 )1' )00*#>)2#&1 &<\*(':(' D2)2( I#' S(;(14(/ )1' \*(':(' F)H(/ 41'(+ ()>3 D(+#(/ K1'(124+(l



25/499

Ae

,:@ *K6K> %A@ ">?>7;>H 67@ P:>@=>@ -6d>H )7@>5 #6BC *>5A>H '7@>7K;5>

%@@AKA@ *K6K> %A@ ">?>7;>H

\4+/4)12 2& ()>3 D(+#(/ K1'(124+(, 23( 7&)+' +(/(+;(/ 23( +#:32 2& #//4( I''#2#&1)* 7&1'/ ( &< 0)6=(12 93#>3 =)6 -( 0*(':(' 41'(+ 23( U(-2 S(2f 0+&;#'(',

3&9(;(+, 23)2 1& I''#2#&1)* 7&1'/ =)6 -( #//4(' (H>(02 #1 )>>&+')1>( 9#23 23( 0+&;#/#&1/ &< 23( U(-2S(2 )/ #1 (H#/2(1>( &1 23( ')2( &< #//4)1>( &< 23( I''#2#&1)* 7&1'/E M&+ )1 &;(+;#(9 &< 23(+(J4#+(=(12/ &< 23( D(+#(/ K1'(124+(/ +(:)+'#1: 23( #//4)1>( &< I''#2#&1)* 7&1'/ /(( %PP#(&'[ % ge/#"-%'( ,'('-'+(* %(& *)11%"3 +, /#"-%'( P"+]'*'+(* +, -.# *#"'#*

'((-)"#*9f


26/499

A`

2+(&.+0"*i "'*R*

K,81/021,0 +, 0@1 LMNO H#,'/ +,8#)81/ ;1$0&+, $+/*/3 K, 18&)=&0+,- &, +,81/021,0 +, 0@1 LMNO

H#,'/6 :$#/:1;0+81 :=$;@&/1$/ /@#=)' ;&$1"=))5 ;#,/+'1$ 0@1 $+/* "&;0#$/ /10 "#$0@ =,'1$ 0@+/ @1&'+,-52=E?F=/?.8GH 8DGIG; $1-&$'+,- & :=$;@&/1 #" 0@1 LMNO H#,'/6 &/ %1)) &/ &)) #0@1$ +,"#$2&0+#,

;#,0&+,1' +, #$ +,;#$:#$&01' 75 $1"1$1,;1 +,0# 0@+/ B""+;+&) D0&0121,06 +,;)='+,- 0@1 &::1,'+;1/ @1$10#

&,' &''+0+#,&) +,"#$2&0+#, +, 0@1 "#$2 #" 0@1 ;#2:)101 '#;=21,0/ /=22&$+J1' @1$1+, &,' +, 0@1

&::1,'+;1/ @1$10#6 ;#:+1/ #" %@+;@ &$1 &8&+)&7)1 &/ '1/;$+71' @1$1+,3 F#$ 0@1 '1"+,+0+#,/ #" ;1$0&+,

%#$'/ &,' 01$2/6 /11 ",,.E?DJ " @ 5 /#"-%'( ,'('-'+(* %(& *)11%"3 +, /#"-%'(

P"+]'*'+(* +, -.# *#"'#* '((-)"#*; &,' '1"+,+0+#,/ /10 "#$0@ 1)/1%@1$1 +, 0@+/ B""+;+&)

D0&0121,03

P@1$1 "#))#%/ =,'1$ 0@+/ @1&'+,- & '+/;=//+#,6 +, ,# :&$0+;=)&$ #$'1$ #" +2:#$0&,;1 #$ :$+#$+056

#" /#216 7=0 ,#0 ,1;1//&$+)5 &))6 #" 0@1 :#//+7)1 $+/*/ &,' +,81/021,0 ;#,/+'1$&0+#,/ 0@&0 /@#=)' 71

;&$1"=))5 18&)=&01' :$+#$ 0# :=$;@&/+,- &,5 #" 0@1 LMNO H#,'/3 P@1$1 2&5 71 #0@1$ $+/* "&;0#$/ &,'

+,81/021,0 ;#,/+'1$&0+#,/ 0@&0 2&5 71 2&01$+&) #$ 2&5 71;#21 2&01$+&) +, 0@1 "=0=$1 0# & :$#/:1;0+81

:=$;@&/1$Q/ +,81/021,0 '1;+/+#, $1-&$'+,- :=$;@&/+,- #$ @#)'+,- &,5 LMNO H#,'/6 #$ 0@&0 2&52&01$+&))5 &,' &'81$/1)5 &""1;0 0@1 "+,&,;+&) ;#,'+0+#, #" 0@1 H#&$' &,' +0/ &7+)+05 0# $1:&5 0@1 LMNO

H#,'/3 R#$1#81$6 &,5 #,1 #$ 2#$1 #" 0@1 "&;0#$/ '+/;=//1' =,'1$ 0@+/ @1&'+,-6 &,' #0@1$ "&;0#$/ ,#0

'1/;$+71' =,'1$ 0@+/ @1&'+,-6 ;#=)' )1&' 0# & '1;$1&/1 +, 0@1 2&$*10 8&)=1 &,' 0@1 )+S=+'+05 #" 0@1 LMNO

H#,'/3

*;AK6TA:AKL 3)/(+/ /3&4*'>&1#)2(' 9#23 23( 0&2(12#)* *#=#2(' *#J4#'#26 )1' 0+#>( ;&*)2#*#26, )/ 9(** )/ 23( *&// &< 23(#+ #1;(/2=(12, #1 23( ?@AB 7&1'/ -(&1/#'(+#1: ) 04+>3)/( &< 23( ?@AB 7&1'/E

F3( 2&+/ '(/>+#-(' 41'(+ 23#/ 3()'#1: e2+(&.+0"*i "'*R*Ff =)16 &< 93#>3 )+(&42/#'( &< 23( >&12+&* &< 23( 7&)+', =)6 #=0)>2 23( 7&)+'O/ #)* >&1'#2#&1 )/ 9(** )/ #2/ )-#*#26 2&=).( 2#=(*6 '(-2 /(+;#>( 0)6=(12/ &1 23( ?@AB 7&1'/E

*K5;BK;56: &>NABAKF /6HC ,:(('#1: +(;(14(/ )1' +(J4#+#1:)* W()+/ ?@Ab, ?@Ad )1' ?@AaE C0(+)2#1: '(#2/ )+()*/& 0+&G(>2(' #1 M#/>)* W()+ ?@AB )1' =)6 >&12#14( 23(+())* W()+ ?@AB -4':(2 )//4=(/ md`@ =#**#&1 #1)''#2#&1)* 4//(' -(*&9$


27/499

Ag

)1' #2/ #1>+()/(' (H0(1/(/ (, +(>4++#1: &0(+)2#1: -4':(2 '(#2/ )+( 0+&G(>2('2& &>>4+ )1' >&4*' +(/4*2 #1 23( +('4>2#&1 &+ (*#=#1)2#&1 &< (//(12#)* ('4>)2#&1)* /(+;#>(/E

L(+2)#1 2&+/ 23)2 >&12+&* ) /4-/2)12#)* 0&+2#&1 &< 23( +(;(14(/ &< 23( 7&)+' )+( *)+:(*6 &42/#'(#2/ >&12+&*E F3( 7&)+'O/ )423&+#26 2& #1>+()/( #2/ 0+&0(+26 2)H +(;(14(/ 2(' -6\FPYY ")/ '(?>7;>H O P55KL-6d O "##$%&'(%)* )+ ,-.// () (01 2)'34 9f K1 )''#2#&1, )16 #1>+()/(' &0(+)2#1: +(;(14(/ @ *K6K>%A@ ">?>7;>Hf )1' eg %?6A:6TA:AKL @=>@ -6d>H 67@ P55KL -6d ">?>7;>Hf )1'e,'(%(/'%0 '(,+"1%-'+( g *H #/( 41#*)2(+)* >&12+&* &;(+#2/ *)+:(/2 /&4+>( &< (H0(1'#24+(/ N /)*)+#(/ )1' 9):(/ c ) =)G&+#26 &< 93#>3 )+( :&;(+1(' -6 >&12+)>24)*):+((=(12/ 9#23 23( 7&)+'O/ ;)+#&4/ >&**(>2#;( -)+:)#1#1: 41#2/E K1 M#/>)* W()+ ?@Aa, 23( 7&)+'O/ )114)*/)*)+#(/ )1' 9):(/ 2&2)**(' mAEgab -#**#&1 )1' >&1/2#242(' bdE`s &< 23( 7&)+'O/ )114)* (H0(1/(/E F3(7&)+' 3)/ (12(+(' #12& ) 1(9 >&**(>2#;( -)+:)#1#1: ):+((=(12 9#23 DPK8 Y&>)* eb ()* W()+ ?@AB 23)2 #1>*4'(/ /)*)+6 #1>+()/(/ )1' #/ 1(:&2#)2#1: ) 1(9 >&12+)>2 9#23 23( L3#>):&F()>3(+/ 81#&1E D(( e/.'/%$+ P)20'/ */.++0* O /CAB6=< ->6BC>5H )7A5#GM:> $5)* W()+ ?@Aa 2&2)**(')00+&H#=)2(*6 mabbEa =#**#&1 )1' >&1/2#242(' gEas &< 23( 7&)+'O/ )114)* (H0(1/(/E I/ &< _)14)+6 A,

?@AB, 23( 7&)+' 3)' )00+&H#=)2(*6 mBEA -#**#&1 #1 &42/2)1'#1: *&1:N2(+= '(-2, #1>*4'#1: )00+&H#=)2(*6mAEA -#**#&1 #1 ;)+#)-*( +)2( '(-2E F3( #//4)1>( &< 23( ?@AB 7&1'/ 9#**, )1' +()/( 23( 7&)+'O/ &42/2)1'#1: *&1:N2(+= '(-2 )1' '(-2 /(+;#>( >&/2/E K1 )''#2#&1, 23( 7&)+' 3)/, 2/ 2& 4/( )00+&H#=)2(*6m?@B] =#**#&1 (('/ &< 23( ?@AB 7&1'/ 2& +(/2+4>24+( )114)* '(-2 /(+;#>( #1 23#/ =)11(+E D((eP0%( +, ,'(%(/#9f

F3( *#J4#'#26 0&/#2#&1 &< 23( 7&)+'O/ &0(+)2#1: (12 M#/>)* W()+/ 0+#=)+#*6 )/ ) +(/4*2 &< &0(+)2#1: (H0(1/(/ >&1/#/2(12*6 (H>(('#1: &0(+)2#1: +(;(14(/ )1' 23( 7&)+'O/ 4/(&< #2/ &0(+)2#1: +(/(+;(


28/499

?@

-( +(>(#;(' #1 >)*(1')+ 6()+ ?@AB, 2& 2/ 2& >&12#14( 2& -&++&9 2& )* W()+/ ?@Ae )1' ?@A` 412#* /2+4>24+)* -)*)1>( &< 23( 7&)+'O/ &0(+)2#1: -4':(2 >)1 -( )>3#(;('E I24+)* -)*)1>( #/ )>3#(;(' 23( 7&)+' =)6 >&12#14( 2& (1:):( #1 /3&+2N2(+= -&++&9#1: 2& =)1):( &0(+)2#1: >)/3N4++(12 /2+4>24+)* -4':(2 '(#2 )+( *)+:(*6

'(0(1'(12 &1 )''#2#&1)* D2)2( 3 )>2#&1/)+( 1&2 /4NABAK \,AHB6: 3>65H aY`mOaY`X^Ff eg +?>5?A>h Kf )1' eg 2HH *K5;BK;56: &>NABAK A7 ,AHB6: 3>65 aY`W 67@ 2>L)**6 23( 7&)+' 3)/ +(*#(' &1 I*2(+1)2( S(;(14( 7&1'/ 23)2 +(J4#+( 23();)#*)-#*#26 &< ) '('#>)2(' /&4+>( &< +(;(14(/ 2& >&;(+ '(-2 /(+;#>( )1' )1 )''#2#&1)* >&;(+):( 2&+"A@s &+ ?as '(0(1'(12 &1 23( /&4+>( &< +(;(14($ )/ #2/ 0+#=)+6 /&4+>( &< -&++&9#1: )0#2)* 1(('/E F3( 7&)+' 3)/ 3#/2&+#>)**6 +(*#(' &1 81+(/2+#>2(' D2)2( I#' S(;(14(/ 2& /(>4+( #2/I*2(+1)2( S(;(14( 7&1'/ )1' 23( )=&412 &< /4>3 +(;(14(/ 0*(':(' 2& /(>4+( /4>3 -&1'/ =)6 *#=#2 23(7&)+'O/ 4/( &< D2)2( I#' )/ ) '('#>)2(' +(;(14( /&4+>( ( &< I*2(+1)2( S(;(14( 7&1'/ #123( @=>@ *K6K> %A@ ">?>7;>Hf )1' e-

*-")/-)"# g 2)0)>#26 2& -&++&9 -&23 #1 23( /3&+2N2(+= )1' 23( *&1:N2(+= =)+.(2/, 23(+( >)1 -( 1& )//4+)1>()/ 2& 23( 2(+=/ &1 93#>3 23( 7&)+' 9#** >&12#14( 2& -( )-*( 2& 0+&>4+( /4>3 &12#14( 2& -( );)#*)-*( 2& 23( 7&)+'E

M&+ 24+)* '(#2, #2/ M#/>)* W()+ ?@AB -4':(2 2+()2=(1223(+(&3 '(#2 :: #)* D2)2(=(12/ )* W()+ ?@Aa )22)>3(' 2& 23#/ C( &1 23( ?@AB 7&1'/ )1'C42/2)1'#1: D2)2( I#' I*2(+1)2( S(;(14( 7&1'/ )1' =).( 40 ) /4-/2)12#)* 0&+2#&1 &< 23( );)#*)-*(&0(+)2#1: +(;(14(/ &< 23( 7&)+'E D(( e*#/)"'-3 ,+" -.# aY`b 2+(&* g P:>@=>@ *K6K> %A@">?>7;>HFf e,'(%(/'%0 '(,+"1%-'+( O +?>5?A>h Kf )1'e- *-")/-)"# g 05G &>TK +T:A=6KA2(' D2)2( I#' S(;(14(/ #/ '(0(1'(12 40&1 14=(+&4/ 2&+/,#1>*4'#1:l "#$ 23( >&12#14)2#&1 &< 23( D2)2( I#' 0+&:+)= 41'(+ K**#1/ *)9 )1' 23( 7&)+'O/ >&12#14('(*#:#-#*#26 3&&* L&'(f "##$ 23( #=0)>2 &< >(+2)#1 7&)+' 2&+/&1 23( >)*>4*)2#&1 &< D2)2( I#' +(J4#+(' 2& -( '#/2+#-42(' 2& 23( 7&)+' "/(( e*#/)"'-3 ,+" -.# aY`b

2+(&* g P:>@=>@ *K6K> %A@ ">?>7;>H O *K6K> %A@ /6:B;:6KA3 D2)2( I#' 2& 23( 7&)+'E L3)1:(/ #1 )16 &1( &< 23( 2 23( +(>(#02 &< 81+(/2+#>2(' D2)2( I#' S(;(14(/ #1 )1 )=&412 /4( &1 &23(+ C42/2)1'#1: D2)2( I#' I*2(+1)2( S(;(14( 7&1'/E D(( e*#/)"'-3 ,+" -.#aY`b 2+(&* g P:>@=>@ *K6K> %A@ ">?>7;>H9f


29/499

?A

F& 23( (H2(12 23)2 !&8&+)&7)1 )#;&) $1/#=$;1/4 #1>+()/(, 23( M&41')2#&1 M&+=4*) T+)12 D2)242&+6L*)#= >)1 '(>+()/(, 23(+(-6 +('4>#1: 81+(/2+#>2(' D2)2( I#' S(;(14(/ );)#*)-*( 2& 0)6 '(-2 /(+;#>(E D((e*#/)"'-3 ,+" -.# aY`b 2+(&* g P:>@=>@ *K6K> %A@ ">?>7;>HFf e/.'/%$+ P)20'/

*/.++0* g *BC?>7;>H9f F& 23( (H2(12 23)2 23( 7&)+'O/ (*#:#-*( (1+&**=(12 &1/(J4(12*6 /4-G(>2 2& )>2#&1 -623( K**#1/ T(1(+)* I//(=-*6 )1' T&;(+1&+, 23( );)#*)-#*#26 &< /4)* W()+ ?@@gE D(( e*#/)"'-3 ,+" -.# aY`b 2+(&* O P:>@=>@ *K6K> %A@">?>7;>H9f M4+23(+, 23( D2)2( #/ (H0(+#(1>#1: #)* '#3 =)6 )*/& #=0)>2 23( )-#*#26 )1'9#**#1:1(// &< 23( D2)2( 2& )00+&0+#)2( 2 #< 81+(/2+#>2(' D2)2( I#' S(;(14(/ 9#** -( );)#*)-*( #1 /4( "2&:(23(+9#23 &23(+ +(;(14(/ );)#*)-*( %A@ ">?>7;>H9f

F3( +(>(#02 &< D2)2( I#' #/ '(0(1'(12 40&1 /)2#/2#&1 &< ) 14=-(+ &< +(J4#+(=(12/, #1>*4'#1:9#23&42 *#=#2)2#&1 23( &0(+)2#&1 &< />3&&*/ ( ')6/E D((e*#/)"'-3 ,+" -.# aY`b 2+(&* g P:>@=>@ *K6K> %A@ ">?>7;>H O ">B@ &AHK5ABK 67@

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e-.# "#%0 P"+P#"-3 -%[*3*-#19f F3( 7&)+' 3)/ 1(;(+ 3)' 2& (H2(1' )' ;)*&+(= 0+&0(+26 2)H(/ &**(>2#&1 2& 0+&;#'(/4@ -6d>H g %77;6: &>K>5GA76KA7K 7HA@ -6d>Hf )1' e- *-")/-)"# g 0>=6: &>TK 165=A79f

F3(+( )+( /#H =)G&+ 41#2/ &< *&>)* :&;(+1=(12 *&>)2(' #1 93&*( &+ #1 0)+2 9#23#1 23( -&41')+#(/ &<23( D>3&&* U#/2+#>2 "23( e+?>5:6MMA7= -6dA7= &AHK5ABKHf$E D(( e- *-")/-)"# g +?>5:6MMA7=-6dA7= &AHK5ABKH 67@ +?>5:6MMA7= &>TKf )1' e,'(%(/'%0 '(,+"1%-'+( g *H -' ?%9(3%&(9A B13('%* ,3)#)914 B%(C ,3)#13(C -'< D*&31'9199f F3(C;(+*)00#1: F)H#1: U#/2+#>2/ /3)+(, 2& ;)+6#1: '(:+((/, ) >&==&1 0+&0(+26 2)H -)/( )1' 3);( 23( 0&9(+2& #=0&/( )1' #1>+()/( 0+&0(+26 2)H(/ &1 23( /)=( 0+&0(+26 2)H -)/( )/ 23( 7&)+'E S()/&1/ 3 2)H


30/499

??

#1>+()/(/ #1>*4'(, -42 )+( 1&2 *#=#2(' 2&, #1>+()/(' >&/2/ &< &0(+)2#&1, #1>+()/(' '(-2 /(+;#>( +(J4#+(=(12/&1 1(9 &+ &42/2)1'#1: #1'(-2('1(//, #1>+()/(' 0(1/#&1 +()/(' >&/2/EF3( 7&)+' '&(/ 1&2 >&12+&* 23( )=&412 &+ 2#=#1: &< 23( 2)H(/ *(;#(' -6 23(/( C;(+*)00#1: F)H#1:U#/2+#>2/E

K1 )''#2#&1, 23( 7&)+' )1' >(+2)#1 &< 23( C;(+*)00#1: F)H#1: U#/2+#>2/ 3);( *(;#(' 2)H(/ 2& 0)6I*2(+1)2( S(;(14( 7&1'/ )1' >(+2)#1 &23(+ :(1(+)* &-*#:)2#&1 -&1'/ )1' /4>3 2)H(/ )+( >4++(12*6 1&2(H2(1'(' &**(>2#&1 )1' )+( 1&2 +(2(' #1 23( >4++(12 2)H +)2(/ &< 23( 7&)+' )1' 23( C;(+*)00#1:

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e*#/)"'-3 ,+" -.# aY`b 2+(&* OP:>@=>@ -6d>HFf /(;(+)* 2&+/ #=0)>2 93(23(+ \*(':(' F)H(/, #< (H2(1'(', 9#** -( >&**(>2(' #1 )=&412//456: ">?>7;>H

F3( &0(+)2#&1/ &< 23( 7&)+' '(0(1' #1 0)+2 &1 #2/ +(>(#02 &< # 04+0&/(/E D(( e,'(%(/'%0'(,+"1%-'+( g *H ?>7;> *H9f F3( 7&)+' #/ 41)-*( 2& 0+('#>2 23( )=&412 &+ *#.(*#3&&' &< +(>(#02 &< &12#14( 2& -( ) /#:1#)12 -4':(2 0+(//4+( 24)+#)* 0+&G(>2#&1 0(+#&'$E K2 #/ *#.(*6 23)2, 9#23&42 )''#2#&1)* D2)2( 2#&1/ #1 2()>3(+ 0&/#2#&1/ )1' &23(+ /(+;#>(/ 23)2 #=0)>2 23( >*)//+&&= #1 &+'(+2& +(/&*;( #2/ /2+4>24+)* -4':(2 '(#2E D(( e,'(%(/'%0 '(,+"1%-'+( g 2HH *K5;BK;56: &>NABAK A7 ,AHB6: 3>65 aY`W 67@ 2>L2(' #1 23( 3 *(:#/*)2#&1, #<(1)>2(', 9#** 9#23/2)1' *(:)* >3)**(1:(/E D#=#*)+*6, 23( 7&)+' >)11&2 0+('#>2 3&9 +(>(12 G4'#>#)*'(>#/#&1/ =)6 #=0)>2


31/499

?b

2;@=>K %BKA7@A7= /;KHF *K6NN ">@;BKA6BC>5Hi /6K>7>@

->6BC>5Hi *K5A8>

F3( 7&)+' 3)/ #1 +(>(12 6()+/ =)'( /#:1#)12 >42/ #1 0+&:+)=/ )1' (H0(1'#24+(/ )9)6 *)//+&&=E F3( 7&)+' 3)/ )11&41>(' /4-/2)12#)* -4':(2 >42/ )* W()+ ?@AB #1 >&11(>2#&1 9#23)'&02#&1 )1' #=0*(=(12)2#&1 &< 23( M#/>)* W()+ ?@AB -4':(2E D(( ,'(%(/'%0 '(,+"1%-'+( g+?>5?A>h Kf )1' e,'(%(/'%0 '(,+"1%-'+( g 2HH *K5;BK;56: &>NABAK A7 ,AHB6: 3>65 aY`W 67@ 2>L3 =)6 -( &2 23( +(>(#02 &< D2)2( I#'E D(( e"#/#(- ]#0+P1#(-* O /CAB6=< ->6BC>5H )7A7>@ ->6BC>5Hi *K5A8>9f

/5>@AK "6KA7= &Hn 0AGAK>@ (6K;5> @;BKA7HA24+)* -4':(2 '(#2 #1 #2/ M#/>)* W()+ ?@AB -4':(2, 93#>3 #2 )''+(//('23+&4:3 ) =#H24+( &< /);#1:/ )1' +(;(14( (13)1>(=(12/E F3( L#26 3)/ #1'#>)2(' 23)2 #2 (H0(>2/ /2+4>24+)*


32/499

?d

-4':(2 '(#2/ 2& 9#'(1 #1 3 &1:: /2+4>24+)* -4':(2'(#2/, 23( L#26 3)/ )'&02(' ) /4-/2)12#)* #1>+()/( #1 0+&0(+26 2)H(/ 23)2 #/ 2& &>>4+ &;(+ 23( 1(H2 23+((6()+/E K1 )''#2#&1, 23( L#26 =)6 #1>+()/( 0+&0(+26 2)H(/ #1 23( 4++(12*6 /4-G(>2 2& 23( \FPYY *#=#2 &1 0+&0(+26 2)H #1>+()/(/E D(( 23( '#/>4//#&1 41'(+e*#/)"'-3 ,+" -.# aY`b 2+(&* g P:>@=>@ -6d>Hf 67@ eg %?6A:6TA:AKL @=>@ -6d>H 67@

P55KL -6d ">?>7;>H9f D(( )*/& eP#(*'+(* %(& +-.#" P+*-O#1P0+31#(-+20'$%-'+(* g +?>5:6MMA7= -6dA7= &AHK5ABKH9f F3( L#26 3)/ )1 &;(+*)00#1: 2)H#1: -)/( 9#23 23(7&)+', )1' 23( 42/ )1'q&+>&12#14(' #1>+()/(/ #1 0+&0(+26 2)H(/, >&4*' 3);( )1 )';(+/( ()* (>&1&=6 )1'q&+ 0+&0(+262)H -)/(E D4>3 )>2#&1/ =)6 23(+(2#&1E D(( 23( '#/>4//#&1 41'(+ 23(/4-3()'#1:/ e O %?6A:6TA:AKL HK5ABK>@ *K6K> %A@ ">?>7;>Hf )1' e O %?6A:6TA:AKL @=>@-6d>H 67@ P55KL -6d ">?>7;>H9f M4+23(+ #1&12#14(/ 2& (H0(+#(1>( ) /2+4>24+)* '(#2 )1' 0(1/#&1 &-*#:)2#&1/23)2 +(/4*2 )114)**6 #1 /#:1#)12 /3&+2>&+')1>( 9#23 23( 2#=#1: +(J4#+(=(12/&< D2)2( *)9E R&9(;(+, 23( D2)2( 3)/ '(*)6(' 0)6=(12 &< >(+2)#1 &23(+ +(;(14(/ 2& 23( 7&)+'E D((e"#/#(- ]#0+P1#(-* O *K6K> 2;@=>K 'GM6HH> 67@ 2?>7;>H9f I16 4++(12 )1'

42/ )1'q&+ #1>+()/(/ #1 2)H(/, >&4*' 3);( )1 )';(+/( ()* (>&1&=6 )1'q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e#/+(+1'/ %(& +$"%P.'/ '(,+"1%-'+(9f D(( 23( '#/>4//#&1 41'(+23( 3()'#1:/ eO ,A767BA6: /


33/499

?a

%@?>5H> /C67=> A7 06hH

F3(+( )+( ) ;)+#(26 &< D2)2( )1' &1/2#242#&1)* 0+&;#/#&1/ 23)2 )00*62& 23( 7&)+'O/ )-#*#26 2& +)#/( 2)H(/, ( 23)2 23(+( 9#** 1&2 -( )16 >3)1:( #1, >3)1:( #1 23( #12(+0+(2)2#&1 &3)00*#>)-*( *)9/, +(:4*)2#&1/ )1' 0+&;#/#&1/E I16 /4>3 >3)1:(, >3)1:( #1 #12(+0+(2)2#&1, &+ )''#2#&1 =)63);( ) =)2(+#)* )';(+/( (2*6, &1 23( 7&)+' &+ 23( 2)H#1: )423&+#26 &< 23(7&)+', 93#>3 >&4*' =)2(+#)**6 )';(+/(*6 ))* :&;(+1=(12, /4>3 )/ 23( 7&)+', >)11&2 #)**6 )423&+#5(' 2& -( ) '(-2&+ -6 /2)2( *)9 &+ -6 ) :&;(+1=(12)* &6 0+&>(('#1:E D2)2( *)9 '&(/ 1&2 >4++(12*6 0(+=#2 23( 7&)+' 2& -( ) '(-2&+ #1 ) -)1.+402>6 0+&>(('#1:ER&9(;(+, 3, #<(1)>2(', 9&4*' 0(+=#2 K**#1/ 41#2/ &< *&>)* :&;(+1=(12 2& -( ) '(-2&+ #1 -)1.+402>6 41'(+ 23( 8EDE7)1.+402>6 L&'(, )1' 23( T&;(+1&+ &< 23( D2)2( 3)/ 0+&0&/(' *(:#/*)2#&1 2& )**&9 #0)* -)1.+402>6, )1' *(:#/*)2#&1 3)/ -((1 #12+&'4>(' #1 23( T(1(+)* I//(=-*6 2& 23)2 (2 93(23(+ 23( K**#1/ T(1(+)* I//(=-*6 =)6 )'&02 )16 /4>3 *(:#/*)2#&1 23)2 9&4*' 0(+=#2 41#2/ &<

*&>)* :&;(+1=(12, /4>3 )/ 23( 7&)+', 2& -( ) '(-2&+ #1 -)1.+402>6 )1' 23( 6 )1' 9(+( 2& -(>&=( ) '(-2&+ #1 ) 0+&>(('#1: 41'(+ L3)02(+ g &< 23( 8EDE 7)1.+402>6 L&'(, #2#/ 0&//#-*( 23)2 23( )00*#>)2#&1 &< 23( \*(':(' F)H(/ )1'q&+ \*(':(' D2)2( I#' S(;(14(/ 2& 0)6 23( ?@AB7&1'/ >&4*' -( /2)6(' '4+#1: 23( 0+&>(('#1:, )1' 23)2 23( 2(+=/ &< 23( ?@AB 7&1'/, 23( 7&1' S(/&*42#&1,&+ ()>3 D(+#(/ K1'(124+( "#1>*4'#1: )=&412, +)2(, /(>4+#26, )1' 2)HN+(*)2(' >&;(1)12/$ >&4*' -( )*2(+(' -6) 0*)1 &< )'G4/2=(12, #< 23( -)1.+402>6 >&4+2 '(2(+=#1(/ 23)2 23( )*2(+)2#&1/ )+( &=0*6 9#23 +(J4#+(=(12/ &< 23( 8EDE 7)1.+402>6 L&'(E

I/ '#/>4//(' 41'(+ 23( /4-3()'#1: e g (< %BB>:>56KA5K6A7KL 7K

">G>@A>HFf ;)+#&4/ &< 23( *(:)* &0#1#&1/ 2& -( '(*#;(+(' #1 >&11(>2#&1 9#23 23( #//4)1>( &< 23( ?@AB7&1'/ 9#** -( J4)*#)11&2 -( )>>(*(+)2(' #1 23( (;(12 23)2 23( 7&)+' '(#0)* &< &+ #12(+(/2 '4( &1 23( ?@AB 7&1'/, &+ &23(+9#/( &=0*69#23 )16 >&;(1)12 /(2 3 D(+#(/ K1'(124+( )1' 2& =).( 0)6=(12/ &1 23( ?@AB 7&1'/ 9#** -(

J4)*##/( &< G4'#>#)* '#/>+(2#&1 #1 )00+&0+#)2( >)/(/ )1' 2& >&==&1 *)9 )1' /2)242(/ )&12+)>24)* &-*#:)2#&1/ :(1(+)**6 )1' 2& 0+#1>#0*(/ &< 04-*#> 0&*#>6 >&1>(+1#1:, )+(2#&1)+6 G4'#>#)* )>2#&1/E D(( %PP#(&'[ % ― e/#"-%'( ,'('-'+(* %(& *)11%"3+, /#"-%'( P"+]'*'+(* +, -.# *#"'#* '((-)"#* ― #?>7KH N6;:K 67@

">G>@A>H9f


34/499

?B

'7?>HKG>7K '::AI;A@AKL 67@ 1658>K P5AB>H

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

,*4'(' #1 &+ #1>&+0&+)2(' -6 +(( #1 23#/ C)* )+( !"#$%&$'()##*+,- /0&0121,0/4 9#23#1 23( =()1#1: &< 23( 81#2(' D2)2(/ \+#;)2(D(>4+#2#(/ Y#2#:)2#&1 S(2 &< Agga, D(>2#&1 ?AP &< 23( 81#2(' D2)2(/ D(>4+#2#(/ PH>3)1:( I>2 &<Agbd, )/ )=(1'(', )1' D(>2#&1 ?eI &< 23( 81#2(' D2)2(/ D(>4+#2#(/ I>2 &< Agbb, )/ )=(1'(', )1' +(2>4++(12 (H0(>2)2#&1/, 3&0(/, #12(12#&1/ &+ /2+)2(:#(/ +(:)+'#1: 23( 3 /2)2(=(12/ =)6 -(#'(12#


35/499

?e

*-%-#1#(- %"# 2%*#& +( '(,+"1%-'+( %]%'0%20# +( -.# &%-# .#"#+,F %(&

-.# 2+%"& %**)1#* (+ +20'$%-'+( -+ )P&%-# %(3 *)/. ,+"J%"&O0++R'($

*-%-#1#(-* ', +" J.#( #]#(-*F /+(&'-'+(* +" /'"/)1*-%(/#* +( J.'/.

*)/. *-%-#1#(-* %"# 2%*#& +//)" +" ,%'0 -+ +//)"F +-.#" -.%( %*

'(&'/%-#& )(" -.# /%P-'+( e/+(-'()'($ &'*/0+*)"#9f

P0%( +, ,'(%(/#

+?>5?A>h

F3( 0+&>(('/ &< 23( ?@AB 7&1'/ 9#** -( 4/(' )0#2)* #=0+&;(=(12 0+&:+)=/ )* W()+/ ?@Ab c?@AB )1' 2&


36/499

?`

")/ '((('/ &< 23( ?@AB 7&1'/ 9#** -( 4/(' 2& +(0)6 )=&412/ '+)9141'(+ 23( 7&)+'O/ ?@Aa FI%/ 3 04+0&/(/E D(( e- *-")/-)"# g*h6M ->5GA76KA(=-(+ A, ?@AB] )1' 2& 0)6 >&/2/ &< #//4)1>(E

">N;7@A7= #HB5(+2)#1 0+&>(('/ &< 23( D(+#(/?@ABI 7&1'/, 2&:(23(+ 9#23 );)#*)-*( 2 &-*#:)2#&1/ &< 23( 81#2(' D2)2(/ &< I=(+#>) ">&**(>2#;(*6, 23( e$57G>7K +T:A=6KA)/3 '(0&/#2E F3( 0+#1>#0)* &< )1' #12(+(/2 &1 23( T&;(+1=(12 C-*#:)2#&1/, 2&:(23(+9#23 );)#*)-*( >)/3 '(0&/#2/, 9#** -( /42#;( =)24+#26 &+ +('(=02#&1 ')2(/ )2 23(#+ +(/0(>2#;( 0+#1>#0)* )=&412/ &+ +('(=02#&1 0+#>(/E

F3( T&;(+1=(12 C-*#:)2#&1/ 04+>3)/(' 9#23 23( 0+&>(('/ &< 23( D(+#(/ ?@ABI 7&1'/, 2&:(23(+9#23 );)#*)-*( >)/3 '(0&/#2/, 9#** -( 3(*' #1 (/>+&9 )>>&412/ 9#23 23( +(/0(>2#;( 2+4/2((/ #0)* &< 23( T&;(+1=(12 C-*#:)2#&1/ 1&+ 23( #12(+(/2 2& -( ()+1(' 23(+(&1 9#**/(+;( )/ /(>4+#26 4+#2#(/ 2&:(23(+ 9#23 )1 #1#2#)* >)/3 '(0&/#2 #1 23( P/>+&9I>>&412 2& 0)6 23( '(-2 /(+;#>( '(/>+#-(' )-&;( &1 23( S(2 2& >3)1:(E


37/499

?g

#HKAG6K>@ *H 67@ )H>H 5A>H aY`b%

2 *>5A>H

aY`b2 2>&412

-@ )H>H *4'(/ 81'(+9+#2(+/O '#/>&412E

,;K;5> ,A767BA7=H

F3( 7&)+' #/ )423&+#5(' 2& #//4( )1 )''#2#&1)* mAb@ =#**#&1 &< ?@Aa FI%/ ")/ '((#;(' #1 ?@AB )1' >&4*' #=0*(=(12 /4>3 /3&+2N2(+= -&++&9#1: #< 1(('(' 2& )''+(// #2/ *#J4#'#26 1(('/E F3( 7&)+' =)6 )*/& #//4( )''#2#&1)* /3&+2N2(+= )1'*&1:N2(+= &-*#:)2#&1/ 2& )''+(// #2/ /2+4>24+)* '(#2 #1 M#/>)* W()+ ?@AB )1' -(6&1', 2& )''+(// #2/

*#J4#'#26 1(('/, 2& +(( '(-2 /(+;#>( 65 aY`W

67@ 2>LNABAKF

/6HC ,:


38/499

b@

-.# aY`b 2+(&*

$>7>56:

F3( ?@AB 7&1'/ #1#2#)**6 )+( +(:#/2(+(' 23+&4:3 ) -&&.N(12+6 &1*6 /6/2(= &0(+)2(' -6 F3(U(0&/#2&+6 F+4/2 L&=0)16, %(9 W&+., %(9 W&+. "e&-/f$E U(2)#*/ &< 0)6=(12/ &< 23( ?@AB 7&1'/)1' 23( -&&.N(12+6 &1*6 /6/2(= )+( '(/>+#-(' #1 %PP#(&'[ ' g e2++RO#(-"3 +(03 *3*-#19f PH>(02 )/ '(/>+#-(' %PP#(&'[ ' g e2++RO#(-"3 +(03 *3*-#1Ff -(1(#)* &91(+/ &< 23(?@AB 7&1'/ 9#** 1&2 +(>(#;( &+ 3);( 23( +#:32 2& +(>(#;( 036/#>)* '(*#;(+6 &< 23( ?@AB 7&1'/, )1' 9#**1&2 -( &+ -( >&1/#'(+(' 2& -( 23( +(:#/2(+(' &91(+/ 23(+(&>&+'#1:*6, -(1(#)* &91(+/ =4/2 +(*6 40&1"#$ 23( 0+&>('4+(/ &< UFL )1', #< /4>3 -(1(#)* &91(+ #/ 1&2 ) UFL e >&$0+;+:&,0 f ")/ '(#0)*, +('(=02#&1 0+#>( &7@>GMKA


39/499

bA

/3)** '(2(+=#1(, )2 ) +('(=02#&1 0+#>( "23( e168>OJC ">@>GMKAf$ (J4)* 2& 23( :+()2(+ &<"I$ A@@s &< 23( 0+#1>#0)* )=&412 &< 23( F)H)-*( D(+#(/ ?@AB7 7&1'/ 2& -( +('((=(' &+ "7$ 23( /4= &<23( 0+(/(12 ;)*4(/ &< 23( )00*#>)-*( +(=)#1#1: />3('4*(' 0)6=(12/ &< 0+#1>#0)* )1' #12(+(/2 &1 /4>3F)H)-*( D(+#(/ ?@AB7 7&1'/ 2& -( +('((=(', 1&2 #1>*4'#1: )16 0&+2#&1 &< 23&/( 0)6=(12/ &< #12(+(/2)>>+4(' )1' 410)#' )/ &< 23( ')2( &1 93#>3 /4>3 F)H)-*( D(+#(/ ?@AB7 7&1'/ )+( 2& -( +('((=(','#/>&412(' 2& 23( ')2( &< +('(=02#&1 &< /4>3 F)H)-*( D(+#(/ ?@AB7 7&1'/ &1 ) /(=#N)114)* -)/#/")//4=#1: ) bB@N')6 6()+ >&1/#/2#1: &< 29(*;( b@N')6 =&123/$ )2 23( F+()/4+6 S)2( ")/ '()-*( )2 )16 2#=(l

"#$ !P$1&/=$5 T&014 =()1/, )/ >)*>4*)2(' 9#23 +(/0(>2 2& )16 +('(=02#&1 ')2( #1>&11(>2#&1 9#23 23( +('(=02#&1 &< 23( F)H)-*( D(+#(/ ?@AB7 7&1'/ &< ) 0)+2#>4*)+ =)24+#26, 23(+)2( 0(+ )114= (J4)* 2& 23( /(=#N)114)* (J4#;)*(12 6#(*' 2& =)24+#26 &< 23( L&=0)+)-*( F+()/4+6K//4( 9#23 +(/0(>2 23(+(2&, >&=042(' )/ &< 23( /(>&1' 74/#1(// U)6 #==('#)2(*6 0+(>('#1: /4>3+('(=02#&1 ')2(, )//4=#1: ) 0+#>( 2 2& 23( F)H)-*( D(+#(/ ?@AB7

7&1'/ &< ) 0)+2#>4*)+ =)24+#26, 23( 81#2(' D2)2(/ F+()/4+6 /(>4+#26 /(*(>2(' -6 23( K1'(0(1'(12K1;(/2=(12 7)1.(+ 93#>3 3)/ )1 )>24)* =)24+#26 >&=0)+)-*( 2& 23( +(=)#1#1: );(+):( *#>&+')1>( 9#23 >4/2&=)+6 #)* 0+)>2#>( #1 0+#>#1: 1(9 #//4(/ &< '(-2 /(>4+#2#(/ &<>&=0)+)-*( =)24+#26 2& 23( +(=)#1#1: );(+):( *#4*)+ =)24+#26, "I$ 23( );(+):( &< 23( )00*#>)-*(S(( F+()/4+6 U()*(+ h4&2)2#&1/ 3 S(( F+()/4+6 U()*(+ h4&2)2#&1/, &+ "7$ #< 23( K1'(0(1'(12 K1;(/2=(127)1.(+ 3 &< >(//&+/f 0+&;#'(', 3&9(;(+, 23)2 #< )16 &< 23(= >()/(/ 2& -( ) 0+#=)+6 8EDE T&;(+1=(12 /(>4+#2#(/ '()*(+ #1 23( L#26 &< %(9 W&+. ") e >$+2&$5 P$1&/=$5 I1&)1$4$, 23( 7&)+' 9#** /4-/2#242( )1&23(+ \+#=)+6 F+()/4+6 U()*(+E

";#$ !T1"1$1,;1 P$1&/=$5 I1&)1$ V=#0&0+#,4 =()1/, 9#23 +(/0(>2 2& ()>3 S((F+()/4+6 U()*(+ )1' )16 +('(=02#&1 ')2( &==41#>)2(' 2&23( 7&)+', &< 23( -#' )1' )/.(' 0+#>(/ )-*( L&=0)+)-*( F+()/4+6 K//4( "(H0+(//(' #1()>3 >)/( )/ ) 0(+>(12):( &< #2/ 0+#1>#0)* )=&412$ J4&2(' #1 9+#2#1: 2& 23( K1'(0(1'(12K1;(/2=(12 7)1.(+ )1' >&==41#>)2(' 2& 23( F+4/2(( -6 /4>3 S(( F+()/4+6 U()*(+ )2 blb@ 0E=E, %(9 W&+. L#26 2#=(, &1 23( 23#+' 74/#1(// U)6 0+(>('#1: 23)2 +('(=02#&1 ')2(E

";##$ !H=/+,1// I&54 =()1/ )16 ')6 93#>3 #/ 1&2 ) D)24+')6, ) D41')6, ) *(:)*3&*#')6 &+ ) ')6 &1 93#>3 -)1.#1: #1/2#242#&1/ #1 23( >#26 93(+( 23( '(/#:1)2(' >&+0&+)2( 2+4/2


40/499

"#

$%%&'( $% )*+ ,&-.'&)/+ &0 1$')2(- )/( ).23$/&4(- 5+ 1)6 $/ (7('.2&8( $/-(/ 2$ '1$0( 9)*- 0.'3,&-.'&)/+ &0 &* %)'2 '1$0(-:;

&*? ,.*- @(-(AB2&$*;

"#$%#& '()*+ ,-./&0 C3( =(/&(0 #DEFG H$*-0 A)2./&*? $* I('(A5(/ E $% 23( +()/0 #D"JKL#DMDL )*- #DMMKL )/( 0.5N('2 2$ A)*-)2$/+ /(-(AB2&$* B/&$/ 2$ A)2./&2+K &* B)/2K )2 ) /(-(AB2&$* B/&'((O.)1 2$ 23( B/&*'&B)1 )A$.*2 23(/($%K B1.0 )''/.(- &*2(/(02K $* I('(A5(/ E $% 23( +()/0 )*- &* 23()??/(?)2( B/&*'&B)1 )A$.*20 0(2 %$/23 &* 23( %$11$6&*? 2)51(P

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

-)2(; C3( #DEF H$*-0 $% ) =(/&(0 0$ B./'3)0(- 03)11 5( -(1&8(/(- 2$ 23( C/.02(( )*- ')*'(1(-; [)'3 0.'3#DEF H$*- $/ B$/2&$* 23(/($% 0$ B./'3)0(-K -(1&8(/(- )*- ')*'(1(- 03)11 5( '/(-&2(- )?)&*02 23(A)*-)2$/+ 0&*>&*? %.*- /(-(AB2&$* $51&?)2&$* $% 23( H$)/- $* 0.'3 -)2(;

L Q/(1&A&*)/+K 0.5N('2 2$ '3)*?(;


41/499

""

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

.4 /$2/$4$+()+< (9.( +&17$/ *, (9$ K$/)$4 >;?:3 @*+%4 H9)'9 )4 *7(.)+$% 70 %)D)%)+< (9$ 2/)+')2.C

.1*&+( *, 4&'9 @*+% (* 7$ /$%$$1$% )+ 2./( 70 W?;;6;;;5 X* 4&'9 /$%$12()*+ 49.CC '.&4$ (9$ /$1.)+)+< 2/)+')2.C .1*&+( *, K$/)$4 >;?:3 7*+%4 *, .+0 1.(&/)(0 *&(4(.+%)+< (* 7$ C$44 (9.+ W?;;6;;;5 M, .CCK$/)$4 >;?:3 @*+%4 ./$ 9$C% )+ 7**=Y$+(/0 *+C0 ,*/16 (9$ 2./()'&C./ K$/)$4 >;?:3 @*+%4 */ 2*/()*+4(9$/$*, (* 7$ /$%$$1$% 49.CC 7$ 4$C$'($% 70 (9$ 4$'&/)()$4 %$2*4)(*/0 ,*/ (9$ K$/)$4 >;?:3 @*+%4 )+ 4&'91.++$/ .4 4&'9 4$'&

Documents

Chicago Public Schools OS 1-15-16