+P QTFGT VQ KPUVCNN CPF WUG VJG '&(% #%6+8' KP IQQF EQPFKVKQP DG UWTG VQ TGCF VJKU OCPWCN KP KVU GPVKTGV[ VQ QDVCKP C EQORNGVG WPFGTUVCPFKPI QH VJG EQPUVTWEVKQPU CPF HWPEVKQPU 2NGCUG MGGR VJKU OCPWCN HQT HWVWTG TGHGTGPEG CPF VTCPUHGT KV YJGP VJG RTQFWEV QT VJG XGJKENG KU VTCPUHGTTGF VQ C PGY QYPGT 6'+0 KU 016 NKCDNG HQT HCVCN CEEKFGPVU KPLWTKGU OCVGTKCN FCOCIGU GVE ECWUGF D[ FKUTGICTFKPI VJG EQPVGPVU KP VJG OCPWCN 2NGCUG PQVG VJCV 6'+0 UJCNN PQV CUUWOG #0; EQUVU HQT TGOQXCN KPUVCNNCVKQP TGNCVK
+/2146#06 6JG HQNNQYKPIU UJQWNF CNYC[U DG HQNNQYGF 㪮㪘㪩㪥㪠㪥㪞 ٨ +PUVCNN '&(% #%6+8' RTQRGTN[ VQ EQORN[ YKVJ TQCF VTCHHKE CEV CPF QVJGT TGNCVGF TGIWNCVKQPU ٨ 0GXGT QRGTCVG VJG RTQFWEV QT UVCTG CV .
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ޣ%QPVTQNNGTޤ (TQPV (CEG )25 .QEM +EQP =/1&'? $WVVQP =&+52? $WVVQP =&KCN? 1RVKECN 5GPUQT ٨ =/1&'? $WVVQP (QT UYKVEJKPI EQPVTQN OQFGU CPF TGVWTPKPI VQ VJG RTGXKQWU OGPW ٨ =&+52? $WVVQP (QT UYKVEJKPI FKURNC[U CPF HQT EQORNGVKPI VJG UGVVKPI QRGTCVKQP ٨ =&KCN? 6WTP VQ UGNGEV UGVVKPI KVGOU CPF RTGUU VQ EQPHKTO ٨ 1RVKECN 5GPUQT (QT #WVQOCVKE &KOOGT (WPEVKQP (QT UGVVKPIU TGHGT VQ RI ='ZCORNGU HQT 1RGTCVKQPCN (KIWTGU KP 6JKU /CPWCN? =/1&'? 5JQTV 2TGUU =/1&'? .
&ޣTKXGT 7PKVޤ &TKXGT WPKV TGEGKXGU UKIPCNU HTQO VJG EQPVTQNNGT CPF UGPFU EQOOCPFU VQ GCEJ OQVQT ٨ 2 %QPPGEVQT Z (QT EQPPGEVKPI VQ VJG TKIJV CPF NGHV '&(% #%6+8' OQVQTU ٨ 2 %QPPGEVQT (QT EQPPGEVKPI VQ VJG RQYGT ECDNG KPENWFGF KP VJG MKV 2 2 2TGUUWTG 4GNGCUG *QNG 㪚㪘㪬㪫㪠㪦㪥 &Q 016 RWV FQWDNG UVKEM VCRG QP VJG QWVGT OGVCN UWTHCEG ޓޓ6JG VCRG OC[ EQOG QHH DGECWUG QH JKIJ VGORGTCVWTG 㪚㪘㪬㪫㪠㪦㪥 6JG UOCNN JQNG QP VJG UWTHCEG YKVJ 6'+0 NQIQ KU VQ TGNGCUG RTGUUWTG &Q 016
$GNQY GZRNCKPU VJG KPUVCNNCVKQP QH OQVQT EQPVTQNNGT CPF YKTKPI ޓ/QVQT +PUVCNN VJG OQVQT CHVGT CUUGODNKPI VJG UJQEM CDUQTDGT URTKPI CPF WRRGT OQWPV 6JGP UETGY VJG VQR PWV HKTON[ VQ VJG FGUKIPCVGF VQTSWG DGECWUG KV KU FKHHKEWNV VQ VKIJVGP KV CHVGT KPUVCNNKPI VJG OQVQT +H KV KU FKHHKEWNV VQ KPUVCNN VJG OQVQT VQ VJG XGJKENG QP YJKEJ VJG UJQEM CDUQTDGTU CTG CNTGCF[ KPUVCNNGF YG TGEQOOGPF KPUVCNNKPI VJG OQVQT CHVGT FGVCEJKPI VJG UJQEM CDUQTDGT +P VJKU ECUG DG ECTGHWN PQV VQ IKXG C UJ
7UG HNCVJGCF UETGYFTKXGT VQ VWTP HWNN TGXQNWVKQPU TQVCVKQPU (KV VJG JGZCIQP OQVQT VKR KPVQ VJG JGZ UETGY -; (KIWTG (KIWTG )'06.
%QPVTQNNGT WPKV ECP DG KPUVCNNGF WUKPI C JQQM CPF NQQR HCUVGPGT QT C FQWDNG UVKEM VCRG FGRGPFKPI QP VJG NQECVKQP CPF QT VJG RTGHGTGPEG (KZ KV UGEWTGN[ UQ VJCV VJG EQPVTQNNGT FQGU PQV XKDTCVG FWTKPI FTKXKPI 㪮㪘㪩㪥㪠㪥㪞 $GHQTG KPUVCNNCVKQP ECTGHWNN[ GZCOKPG YJGTG CPF JQY VQ KPUVCNN KV CU KV UJQWNF PGXGT HCNN QHH QT KPVGTHGTG YKVJ FTKXKPI +PEQTTGEV KPUVCNNCVKQP CPF QT KPCFGSWCVG RQUKVKQPKPI KU FCPIGTQWU CU KV OKIJV ECWUG XGJKENG FCOCIG CPF KPVGTHGTG YKVJ FTKXKPI 㪚㪘㪬㪫㪠㪦㪥 0'8'4 KPUVCNN VJG EQPVTQNNGT WP
9KTKPI 6JG YKTKPI FKCITCOU CTG UJQYP DGNQY +P QTFGT VQ RTGXGPV WPGZRGEVGF UJQTV EKTEWKV CNYC[U FKUEQPPGEV VJG PGICVKXG DCVVGT[ VGTOKPCN DGHQTG EQOOGPEKPI CP[ YKTKPI YQTM 4GOGODGT VQ TGEQPPGEV CHVGT EQORNGVKQP 㪚㪘㪬㪫㪠㪦㪥 %QPPGEV GCEJ WPKV VQ RQYGT UQWTEGU UWEJ CU C EKICTGVVG NKIJVGT YJKEJ FQGU PQV KPHNWGPEG QP FTKXKPI KP ECUG QH WPKV U VTQWDNG 㪚㪘㪬㪫㪠㪦㪥 2QYGT UWRRN[ HKNVGT HQT EQPVTQNNGT CPF )25 WPKVU UJQWNF DG EQPPGEVGF VQ CEEGUUQT[ RQYGT UWRRN[ +H KV WUGU VJG EQPUVCPV RQYGT UWRRN[ VJG DCVVGT[ Y
٨6Q EWUVQOGTU YJQ RWTEJCUGF UVTWV MKV '&- - 7UCIG %QPFKVKQPU 䎬䏑䏖䏗䏄䏏䏏䏄䏗䏌䏒䏑䎃䏒䏉䎃䏗䏋䏌䏖䎃䏓䏕䏒䏇䏘䏆䏗䎃䏌䏖䎃䏒䏓䏗䏌䏒䏑䏄䏏䎑䎃 䎷䏋䏌䏖䎃䏓䏕䏒䏇䏘䏆䏗䎃䏓䏕䏈䏙䏈䏑䏗䏖䎃䏗䏋䏈䎃䏚䏌䏕䏌䏑䏊䎃䏉䏕䏒䏐䎃䏆䏒䏌䏏䏌䏑䏊䎃䏄䏕䏒䏘䏑䏇䎃䏚䏋䏈䏑䎃䏄䏇䏍䏘䏖䏗䏌䏑䏊䎃䏗䏋䏈䎃䏕䏌䏇䏈䎃䏋䏈䏌䏊䏋䏗䎃䏘䏓䏒䏑䎃䏖䏈䏗䎐䏘䏓䎃䎃 䏚䏌䏗䏋䏒䏘䏗䎃䏗䏋䏈䎃䏑䏈䏈䏇䎃䏗䏒䎃䏇䏌䏖䏆䏒䏑䏑䏈䏆䏗䎃䏗䏋䏈䎃䏐䏒䏗䏒䏕䎑 䎧䏈䏓䏈䏑䏇䏌䏑䏊䎃䏘䏓䏒䏑䎃䏇䏕䏌䏙䏌䏑䏊䎃䏆䏒䏑䏇䏌䏗䏌䏒䏑䏖䎃䏄䏑䏇䎒䏒䏕䎃䏖䏈䏗䏗䏌䏑䏊䏖䎏䎃䏗䏋䏈䎃䎨䎧䎩䎦䎃䏐䏒䏗䏒䏕䎃䏐䏄䏜䎃䏕䏒䏗䏄䏗䏈䎃䏌䏑䎃䏒䏑䏈䎃䏇䏌䏕䏈䏆䏗䏌䏒䏑䎑䎃䎬䏉䎃䏏䏈䏗䎃 䏄䏏䏒䏑䏈䎏䎃䏗䏋䏈䎃䏚䏌䏕䏌䏑䏊䎃䏐䏌䏊䏋䏗䎃䏊䏈䏗䎃䏗䏄䏑䏊䏏䏈䏇䎃䏘䏓䎃䏚䏌䏗䏋䎃䏓䏌䏖䏗䏒䏑䎃䏕䏒䏇䎃䏄䏑䏇䎏䎃䏆䏒䏑䏖䏈䏔䏘䏈䏑䏗䏏䏜䎏䎃䏐䏌䏊䏋䏗䎃䏅䏈䎃䏅䏕䏒䏎䏈䏑䎃䏒䏕䎃 䏇䏌䏖䏆䏒䏑䏑䏈䏆䏗䏈䏇䎑 䎬䏗䎃䏘䏖䏘䏄䏏䏏䏜䎃䏇䏒䏈䏖䎃䏑䏒䏗䎃䏆䏕䏈䏄䏗䏈䎃䏄䏑䏜䎃䏓䏕䏒䏅䏏䏈䏐䎃䏌䏉䎃䏗䏋䏈䎃䏚䏌䏕䏌
+H VJG JGKIJV QH VJG RKNNQY DCNN ECUG RKEVWTG VQ VJG TKIJV YKVJ UVCT OCTM KU OO QT JKIJGT ڎ 72 (KIWTG 2CTV %CODGT #FLWUVKPI $QNV .
6WTPKPI VJG 2QYGT 10 1(( 6Q VWTP 10 6Q VWTP 1(( 5JQTV RTGUU QH =/1&'? .QPI RTGUU =/1&'? =&+52? QT =&KCN? 6Q .QEM 1RGTCVKQP 6Q NQEM CPF WPNQEM QRGTCVKQP =/1&'? =&+52? .
+PKVKCN UGVWR YJGP FTKXGT WPKVU CTG WUGF FTKXGT HQT HTQPV CPF HQT TGCT ٨ +P '#5; OQFG FCORKPI HQTEG CFLWUVOGPV KU UGV VQ NGXGN OQFG CPF XGJKENG URGGF KU FKURNC[GF KP MO J +H [QW YCPV VQ EJCPIG TGHGT VQ %7561/ UGVWR ٨ 5JQTV RTGUU QH =/1&'? TGVWTPU VQ VJG RTGXKQWU QRGTCVKQP ٨ $GHQTG UVCTVKPI UGVWR JCXG [QWT PQVG QH FTKXGT +& RI CXCKNCDNG 5GVVKPI &KURNC[ 1RGTCVKQP +PUVTWEVKQP 5GNGEVGF +VGO =&KCN? 5JQTV RTGUU (TQPV &TKXGT 2CKTKPI =&KCN? 6WTP 5JQTV RTGUU (TQPV
5GVVKPI &KURNC[ 1RGTCVKQP +PUVTWEVKQP #XCKNCDNG 1RVKQPU &GHCWNV =&KCN?ޓ 6WTP .QPI RTGUU .GHV㧦 %GPVGT㧦 4KIJV㧦 NGXGN /GPW 5GNGEVKQP =&KCN? 6WTP 52''& 56'2 &4 /1&' &4 #55+)0 &TKXGT 5GNGEVKQP =&KCN? 5JQTV RTGUU =&KCN?ޓ 6WTP .QPI RTGUU &4 /1&' VQ 4GHGT VQ 6CDNG CV VJG UJKROGPV HQT FGVCKNU &TKXGT #UUKIPOGPV =&KCN? 5JQTV RTGUU &TKXGT 2CKTKPI =&KCN?ޓ 6WTP .QPI RTGUU &4 VQ &4 %.'#4 =&KCN?ޓ 6WTP .
6CDNG %QODKPCVKQP QH &CORKPI (QTEG & ( #FLWUVOGPV 6[RGU CPF &TKXGT 7PKV &4 6[RG QH %QOR 4GDQWPF & ( #FLWUVOGPV 4T (V &4 &4 &4 &4 UKOWNVCPGQWU UKOWNVCPGQWU (V 4T 㧙 㧙 UKOWNVCPGQWU 016 CFLWUVCDNG (V 㧙 㧙 㧙 016 CFLWUVCDNG UKOWNVCPGQWU 4T 㧙 㧙 㧙 UGRCTCVG UGRCTCVG (V (V 4T 4T UGRCTCVG UGRCTCVG (V (V 4T TGDQWPF 4T EQOR UGRCTCVG UGRCTCVG (V TGDQWPF (V EQOR 4T 4T UGRCTCVG UGRCTCVG (V TGDQWPF (V EQOR 4T TG
%JQQUG HTQO QPG QH VJG EQPVTQN OQFGU CPF QT EQODKPGF OQFGU 5YKVEJKPI %QPVTQN /QFGU 5JQTV RTGUU QH =/1&'? UYKVEJGU DGVYGGP EQPVTQN OQFGU /CPWCN /QFG #WVQOCVKE %QPVTQN /QFG ) #TTCPIG (QT FGVCKNU QH GCEJ OQFG TGHGT VQ VJG HQNNQYKPI RCIGU /CPWCN /QFG ̖̖̖̖̖̖̖̖ޓRI ) .KPGCT #WVQOCVKE %QPVTQN /QFGU ̖̖̖ޓRI ) #EVWCVGF ) #FLWUVOGPV ̖̖̖ RI 㨪 5RGGF 5GPUKVKXG 5 5 #TTCPIG #FLWUVOGPV ̖̖̖ RI 㨪 5 .KPGCT ) #TTCPIG㧗5 #TTCPIG ) .KPGCT㧗5 #TTCPIG ) #TTCPIG㧗5 .KPGCT ) .KPGCT㧗5 .
/CPWCN /QFG 'ZRNCPCVKQP QH &KURNC[ 9KVJQWV ) (QTEG $CT )TCRJ /CPWCN /QFG 8GJKENG 5RGGF 4GCT &CORKPI (QTEG .GXGN (TQPV &CORKPI (QTEG .GXGN (TQPV & ( $CT )TCRJ 4GCT & ( $CT )TCRJ /QFKHKCDNG +VGO /GOQT[ 0Q 9KVJ ) (QTEG $CT )TCRJ 4GHGT VQ RI 8GJKENG 5RGGF #EEGNGTCVKQP ) (QTEG $CT )TCRJ &GEGNGTCVKQP ) (QTEG $CT )TCRJ .
*QY VQ 4GECNN &CORKPI (QTEG 5GVVKPI HTQO /GOQT[ 5GVVKPI &KURNC[ 1RGTCVKQP +PUVTWEVKQP =&KCN? 6WTP 5JQTV RTGUU 4GVTKGXG /GOQT[ 0Q #XCKNCDNG 1RVKQPU 2 㨪2 0QVG &Q 016 NQPI RTGUU &KCN $[ FQKPI UQ C PGY PWODGT QH UVGRU YKNN DG TGIKUVGTGF *QY VQ 5GV &GUKTGF &CORKPI (QTEG .GXGN KPVQ /GOQT[ 5GVVKPI &KURNC[ 1RGTCVKQP +PUVTWEVKQP & ( #FLWUVOGPV 5GNGEV VJG FGUKTGF NGXGN 4GVTKGXG /GOQT[ 0Q =&KCN? 6WTP .
#WVQOCVKE %QPVTQN /QFGU #EEGNGTCVKQP &GEGNGTCVKQP '&(% #%6+8' GPCDNGU CWVQOCVKE CFLWUVOGPV QH FCORKPI HQTEG & ( DCUGF QP CEEGNGTCVKQP FGEGNGTCVKQP ) HQTEG CPF XGJKENG URGGF QVKQPCN )25 -KV KU TGSWKTGF #WVQOCVKE CFLWUVOGPV KU CXCKNCDNG KP FKHHGTGPV OQFGU CTTCPIG OQFG VQ CFLWUV & ( CV RTGUGV RQKPVU CPF NKPGCT OQFG VQ CFLWUV & ( OQTG UOQQVJN[ EQPPGEVKPI RTGUGV RQKPVU 6JGUG OQFGU ECP DG EQODKPGF HQT OQTG EQORTGJGPUKXG CFLWUVOGPV ) (QTEG +PRWV &CVC 8GJKENG 5RGGF #TTCPIG /QFG 1WVRWV /GVJ
) #TTCPIG ) .KPGCT /QFGU 'ZRNCPCVKQP QH &KURNC[ #EGNGTCVKQP ) (QTEG $CT )TCRJ #EEGNGTCVKQP &GEGNGTCVKQP ) (QTEG &GEGNGTCVKQP ) (QTEG $CT )TCRJ (TQPV &CORKPI (QTEG .GXGN 4GCT &CORKPI (QTEG .GXGN .
*QY VQ /QFKH[ ) (QTEG %JCPIG 2QKPVU $GHQTG UVCTVKPI QRGTCVKQP UGV VJG WPKV VQ VJG HQNNQYKPI EQPFKVKQPU /QFG )# 0QVG 8CNWGU ECP 016 DG OQFKHKGF KP )# 5# QT )# 5. OQFG &KURNC[ &CORKPI HQTEG NGXGN 5GVVKPI &KURNC[ 1RGTCVKQP +PUVTWEVKQP 4GVTKGXG /GOQT[ VQ /QFKH[ #XCKNCDNG 1RVKQPU =&KCN? 5JQTV RTGUU =&KCN? 6WTP 5JQTV RTGUU =&KCN? .
5 #TTCPIG 5 .KPGCT /QFGU 㪚㪘㪬㪫㪠㪦㪥 #VVCEJ )25 WPKV HKTON[ QP VJG FCUJDQCTF RCPGN DGNQY VJG YKPFUJKGNF )25 WPKV PGGFU VQ TGEQIPK\G CV NGCUV HQWT XCNKF UKIPCNU HTQO VJG UCVGNNKVGU VQ UVCTV YQTMKPI CPF VJKU WUWCNN[ VCMGU UGEQPFU VQ OKPWVG CHVGT VJG RQYGT KU VWTPGF QP +H VJG XGJKENG OQXGU DGHQTG TGEGKXKPI GPQWIJ UCVGNNKVG UKIPCNU KV OC[ VCMG NQPIGT VQ TGEQIPK\G #HVGT VWTPKPI QP VJG RQYGT YCKV WPVKN )25 WPKV TGEGKXGU XCNKF UKIPCNU VQ OQXG VJG XGJKENG )25 NCOR YKNN EJCPIG HTQO DNKPMKPI VQ 10 )
*QY VQ /QFKH[ 5RGGF %JCPIG 2QKPVU $GHQTG UVCTVKPI QRGTCVKQP UGV VJG WPKV VQ VJG HQNNQYKPI EQPFKVKQPU /QFG 5# 0QVG 8CNWGU ECP 016 DG OQFKHKGF KP )# 5# QT )# 5. OQFG &KURNC[ &CORKPI HQTEG NGXGN 5GVVKPI &KURNC[ 1RGTCVKQP +PUVTWEVKQP 4GVTKGXG /GOQT[ VQ /QFKH[ #XCKNCDNG 1RVKQPU =&KCN? 5JQTV RTGUU =&KCN? 6WTP 5JQTV RTGUU =&KCN? .
*QY VQ 5YKVEJ &KURNC[ 1RVKQPCN &KURNC[U QPN[ CXCKNCDNG YKVJ )25 -KV ٨ 5JQTV RTGUU QH =&+52? UYKVEJGU DGVYGGP CXCKNCDNG FKURNC[ QRVKQPU ٨ 6WTP =&KCN? VQ UYKVEJ UGNGEV FKURNC[GF KVGOU YKVJKP VJG QRVKQPCN FKURNC[ 1RVKQPCN &KURNC[U %NQEM &KURNC[ ٨ =&KCN? .
)25 +PHQTOCVKQP &KURNC[ ٨ .CVKVWFG NQPIKVWFG CPF CNVKVWFG CTG FKURNC[GF #.6 #NVKVWFG 7PKV QH CNVKVWFG KU NKPMGF VQ WPKV QH URGGF MO J / /2* HV ' 9 .QPIKVWFG 0 5 .CVKVWFG ٨ =&KCN? 5JQTV RTGUU UYKVEJ FKURNC[ DGVYGGP NQPIKVWFG NCVKVWFG CPF CNVKVWFG ٨ =&KCN? .
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*QY VQ 6WTP &KOOGT (WPEVKQP 10 1(( 6JKU HWPEVKQP CWVQOCVKECNN[ CFLWUVU DTKIJVPGUU QH VJG .%& CEEQTFKPI VQ VJG DTKIJVPGUU QH KVU UWTTQWPFKPIU 10 GPCDNGF 1(( FKUCDNGF 5GVVKPI &KURNC[ 1RGTCVKQP +PUVTWEVKQP #XCKNCDNG 1RVKQPU &GHCWNV 10 1(( 10 =&KCN? 5JQTV RTGUU =&KCN? 6WTP 5JQTV RTGUU *QY VQ #FLWUV .%& 8+'9 .%& XKGY CPING ECP DG CFLWUVGF HQT DGVVGT XKUKDKNKV[ CEEQTFKPI VQ VJG EQPVTQNNGT U RQUKVKQP .%& 8+'9 VJG EQPVTQNNGT KU KPUVCNNGF CV QT CTQWPF G[G NGXGN .
*QY VQ %QPHKTO 5VCVWU ٨ ;QW ECP EQPHKTO EQOOWPKECVKQP UVCVWU YKVJ FTKXGT WPKVU 5GVVKPI &KURNC[ +PUVTWEVKQP 1RGTCVKQP 0QTOCN =/1&'? 5JQTV RTGUU 'TTQT (QWPF =&KCN? 5JQTV RTGUU &TKXGT 7PTGEQIPK\GF =/QFG? 5JQTV RTGUU Z VKOGU Z 5JQTV %KTEWKV Z &KUEQPPGEVGF Z &TKXGT 1XGTJGCVGF Z =/QFG? 5JQTV RTGUU Z VKOGU =/QFG? 5JQTV RTGUU Z VKOGU =/QFG? 5JQTV RTGUU Z VKOGU &4 KU UJQYP CU UCORNG #EVWCN FTKXGT +& YKVJ CP[ VTQWDNGU YKNN DG FKURNC[GF &4 KU UJ
9JCV 6Q &Q 9JGP ;QW 'PEQWPVGTGF 2TQDNGOU +P ECUG QH CP[ VTQWDNG EJGEM VJG HQNNQYKPIU +H VJG VTQWDNG KU PQV UQNXGF RNGCUG EQPVCEV VJG PGCTGUV 6'+0 QHHKEG NKUVGF QP VJG HTQPV EQXGT QH VJKU OCPWCN 2QYGT FQGU PQV VWTP 10 ٨ %JGEM KH VJG EQPVTQNNGT CPF VJG EQPPGEVQT QH RQYGT UWRRN[ HKNVGT CTG HKTON[ EQPPGEVGF ψRI ٨ %JGEM KH VJG RQYGT UWRRN[ HKNVGT U HWUG JCU DNQYP ٨ %JGEM KH VJG RQYGT UWRRN[ HKNVGT U KU RTQRGTN[ EQPPGEVGF ψRI ٨ %JGEM VJG DTKIJVPGUU QH .
/QVQT GOKVU UQWPFU ٨ +V KU PQTOCN VJCV [QW JGCT VJG OQVQT U QRGTCVKPI UQWPF YJGP FCORKPI HQTEG KU DGKPI CFLWUVGF 6JG XQNWOG QH VJG UQWPF XCTKGU D[ XGJKENG ٨ +V KU CNUQ PQTOCN VJCV [QW OC[ JGCT C UOCNN UQWPF YJGP VJG RTQFWEV KU QRGTCVKPI VQ MGGR VJG CRRTQRTKCVG FCORKPI HQTEG NGXGN GXGP YJGP VJG CFLWUVOGPV KU PQV DGKPI OCFG 'TTQT &KURNC[ 9JGP VJG U[UVGO FGVGEVU C UJQTV EKTEWKV CP GTTQT FKURNC[ EQOGU QP HQTEKDN[ GXGT[ UGEQPFU &4 KPFKECVGU FTKXGT +& CPF KU EJCPPGN QT ٨ 6Q EC
=.KOKVGF 9CTTCPV[? 5WDLGEV VQ VJG VGTOU QH VJG .
ع0COG QH 2TQFWEV '&(% #%6+8' 'NGEVTQPKE &CORKPI (QTEG %QPVTQNNGT #EVKXG ع#RRNKECVKQP %QPVTQNNKPI VJG FCORKPI HQTEG HTQO VJG FTKXGT U UGCV ع8GJKENG VQ DG KPUVCNNGF 6JG XGJKENGU URGEKHKGF D[ 6'+0 CPF VJG XGJKENGU GSWKRRGF YKVJ UJQEM CDUQTDGTU URGEKHKGF D[ 6'+0 PGICVKXG ITQWPF 8 &% ع%QPFKVKQPU 1RGTCVKQP YJKNG VJG XGJKENG KU UVQRRGF ع2QYGT %QPUWORVKQP CEEGUUQT[ RQYGT UWRRN[ 1(( O# CEEGUUQT[ RQYGT UWRRN[ 10 Y Q )25 -KV O# CEEGUUQT[ RQYGT UWRRN[ 10 Y )2
◲ᤃᠲࡑ࠾ࡘࠕ࡞ߪ៤Ꮺ↪ߦ↪㗫ᐲߩᄙ⸳ቯࠍᛮ☴ߒߚ߽ߩߢߔޕ ᧄᦠࠍゞਔߦ៤Ꮺߒߥ႐วࠫࡍᧄޔᏀߩὐ✢ ಾࠅขࠅ✢ ߦᴪߞߡࠞ࠶࠻ߒߡ៤Ꮺߔࠆߎߣࠍ೨ឭߣ ߒߡ߅ࠅ߹ߔߩߢޔᔅⷐߦᔕߓߡߏ↪ਅߐޕ ࠗࡦࠬ࠻࡞✬ ࠼ࠗࡃࠍ ↪ߔࠆ႐วߩߺߩઁߩߘޕ႐วߪขᛒ⺑ᦠ2 ߆ࠄߩ⸳ቯࠍෳᾖߒߡਅߐޕ ̪ ᠲߦࠆ೨ߦޔ೨ߦ⸥㍳ߒߚ࠼ࠗࡃ+&ࠍ߅ᚻరߦߏ↪ᗧਅߐޕ ⸳ቯ㗄⋡ ␜↹㕙 ᠲౝኈ ᠲ⺑ ㆬᛯ㗄⋡ ޠ࡞ࡗࠗ࠳ޟ ⍴ߒ ࠼ࠗࡃ ࡍࠕࡦࠣ ޠ࡞ࡗࠗ࠳ޟ ࿁ォ 㧗⍴ߒ ࡈࡠࡦ࠻ߩ ࠼ࠗࡃ+&ࠍ ㆬ߱ ޠ࡞ࡗࠗ࠳ޟ ࿁ォ 㧗⍴ߒ ࠕߩ࠼ ࠗࡃ+&ࠍ ㆬ߱ ゞਔࠍ᳓ᐔߥ⁁ᘒߦߢ߈ߋ⋥ߞ⌀ߟ߆ޔ೨ㅴߢ߈ࠆ႐ᚲࠍㆬࠎߢゞߒߚߩߜᬺࠍ㐿ᆎߔࠆޕ ޠ࡞ࡗࠗ࠳ޟ ⍴ߒ ޠ࡞ࡗࠗ࠳ޟ ⍴ߒ ࡉࠩ㖸߇ 㡆ߞߚᓟ ⌀⋥ߋ೨ㅴ ̪ ޠ࡞ࡗࠗ࠳ޟ ⍴ߒ ᠲ↹㕙ߦ ᚯࠆ ޠ࡞ࡗࠗ࠳ޟ ⍴ߒ ̪
ᠲ✬ &ޟ+52ߩ␜ߢޠᄌᦝ߇ߢ߈߹ߔ↹ࡦ࡚ࠪࡊࠝޕ㕙ౝߪ=࠳ࠗࡗ࡞?⍴ߒ ࿁ォߢ␜ߩಾࠅᦧ߃ࠍⴕ߹ߔޕ ᷫജ⺞ᢛ ᤨ⸘ ✲ᐲ ゞㅦ MO J Њ /2* ࡇࠢ ೨ᓟ) Ꮐฝ) ࡇࠢ ⚻ᐲ 㜞ᐲ ࠻࠶ࡊ ࡔࡕ ޟ/1&'ߢޠᓮߩᄌᦝ߇ߢ߈߹ߔޕ ࡑ࠾ࡘࠕ࡞ ೨ᓟ)ࠕࡦࠫ ೨ᓟ)࠾ࠕ ㅦᐲࠕࡦࠫ ㅦᐲ࠾ࠕ ೨ᓟ)ࠕࡦࠫ㧗ㅦᐲࠕࡦࠫ ೨ᓟ)࠾ࠕ㧗ㅦᐲࠕࡦࠫ ೨ᓟ)ࠕࡦࠫ㧗ㅦᐲ࠾ࠕ ೨ᓟ)࠾ࠕ㧗ㅦᐲ࠾ࠕ )25ߩࡑࠢ߇ࠆ߽ߩߪޔᄁࠅߩ)25ࠠ࠶࠻ߣ૬↪ߒߚ႐วߦ߃ࠆᯏ⢻ߦߥࠅ߹ߔޕ
6JKU IWKFG UJQYU OQUV HTGSWGPVN[ RGTHQTOGF QRGTCVKQPU GZGTVGF HTQO VJG OCPWCN +P ECUG VJG OCPWCN KU PQV MGRV YKVJ VJG ECT EWV QWV VJKU RCIG CNQPI VJG FQVVGF NKPG CPF ECTT[ HQT SWKEM TGHGTGPEG 5GV WR ٨ 1PN[ HQT VJG WUG QH FTKXGTU (QT QVJGT ECUGU TGHGT VQ UGVWR RTQEGFWTGU UVCTVKPI HTQO RI KP VJG OCPWCN ٨ $GHQTG UVCTVKPI QRGTCVKQP JCXG [QWT FTKXGT +&U TGCF[ 5GVVKPI &KURNC[ 1RGTCVKQP +PUVTWEVKQP #XCKNCDNG 1RVKQPU =&KCN? 5JQTV RTGUU &TKXGT 2CKTKPI =&KCN? 6WTP 5JQTV RTGUU 5
1RGTCVKQP =&+52? 5JQTV RTGUU VQ UYKVEJ DGVYGGP FKURNC[ QRVKQPU =&KCN? 5JQTV RTGUU CPF QT VWTP VQ UYKVEJ DGVYGGP OGPWU %NQEM &CORKPI (QTEG #FLWUVOGPV 8GJKENG URGGF MO J Њ /2* RGCM #EEGNGTCVKQP &GEGNGTCVKQP ) (QTEG .GHVYCTF 4KIJVYCTF ) (QTEG RGCM .CVKVWFG .QPIKVWFG #NVKVWFG 6TKR /GVGTU =/1&'? 5JQTV RTGUU VQ UYKVEJ DGVYGGP EQPVTQN OQFGU /CPWCN ) #TTCPIG ) .KPGCT 5 #TTCPIG 5 .KPGCT ) #TTCPIG 5 #TTCPIG ) .KPGCT 5 #TTCPIG ) #TTCPIG 5 .KPGCT ) .KPGCT 5 .