.QLJKW ± 5LGHU 2EMHGQDFt þtVOR 3RUXFK\ =iUXND 3RN\Q\ $]Qp VWDYHEQt S tSDGQ MHKR 7HQ NGR VHVWDYXMH S tVWURMH QHER U þiVWL UR]ãt HQtP WRKRWR PRGXOX ]DEXGRYiQtP MH SRGOH ]iNRQD EUiQ MDNR YêUREFH -H SURWR SRYLQHQ S L S HGiQt YêURENX GRGDW V QtP WDNp YãHFKQ\ GRSURYRGQp SDStU\ VYRML DGUHVX VH VYêP MPpQHP VYpSRPRFt 3 tVWURMH PXVHMt SR
x 9 S tSDG åH $P VLOQêP RW HV Pi SROVWURYDW åH VH VRXþiVWN\ D VWDYHEQLFH 'RSRUXþHQp SRXåLWt YêURENX Y\VWDYHQD QHER YLEUDFtP GRSRUXþXMHPH ML iGQ RK tYDMt EêW åH WH 3 LWRP QD QH]DSRPH GHVFH KR ODYpKR 'RSRUXþHQi WR $ SORãQêFK SRXåLWtP QD LPLWDFH E VSRM PDWHULiOX 3RXåLWt QD SROVWURYiQt Y]QLNi QHEH]SHþt Y]QtFHQt x 3 tVWURM QHGiYHMWH GR EOt]NRVWL NY GR NRXSHOQ\ QHER GR VNpKR WH MHM S HG NDSDOLQDPL WH x 3 tVWURM W x EêW SRXåLW VWDYHEQ
XYHGHQtP GR S HGHP ]NRQWURORYDW x 3 HG þiVW YKRGQi SRXåLWt 3 L N SURYR]X MH YåG\ 3RP QXWQp ]GD MH S tVWURM QHER MHKR WRPX NWHUpPX SRFK\EQRVWHFK QXWQp RGSRUX X YêUREFH GLPHQ]XMH S LSRMHQt OHåt VDPR] HMPp åH REODVW QDãHKR ]D S tSDGQp FK\E\ NWHUp Y]QLNQRX QHS HMtPiPH åiGQRX RGSRY 'tO\ EëW VWDYX Pi WR SUR QiV SRSLVX FKRYiQt RGHEtUi SURXG FFD SRXåLWê VStQDFt P$ D NRQVWUXNWpU WUDQ]LVWRU QD WHQWR MH RGSRU GHVHWNUiW QLåãt SRWHþH
3UR ]P REYRG QX VP NWHUê MH UX V S HN tåHQRX ]S REYRG SRK\EX WYR HQ GY WQRX YD]ERX MH SRXåtYiPH WDNp S HNORSHQ PL NORSQê KUDGO\ 'LRGX ' MH QXWQR RVDGLW VH VSUiYQRX SRODULWRX .DWRGRYê NURXåHN E\ P 125 3R KUDGOD D 7HQWR MHGQLþN\ WM QD SLQX $VREt WHG\ þtWiQt XND]RYDW VP UHP QDKRUX REYRG GR /2: &KFHWH OL MH MDNPLOH Y\UHVHWRYiQ MH DNWLYQt SRWRP EXGH þtWDþ þtWDW RS WM SLQ QHMY\ããt W VP MGH YêVWXS 4 $ UHP GRO tGt .
WH 1H]DSRPH N\VHOêP åH FtQHP VWDYHEQLFH SiMHGOHP NWHUi DWG E\OD QHEXGH SiMHQi 3UR SiMHQt SURWR SRXåtYHMWH SRX]H HOHNWURWHFKQLFNê Y QDãHP FtQ V R]QDþHQtP 61 3E VHUYLVX RSUDYHQD 3 L VWDYE GiQ\ HOHNWURQLFNpKR REYRGX MVRX S HGSRNOi ]iNODGQt ]QDORVWL R ]DFKi]HQt NDODIXQ\ NWHUi VORXåt E XMH QHVP SiMNX MDNR SiMLYê ROHM SDVWD Mt EêW Y åiGQpP S tSDG .
1iYRG N SiMHQt -HVWOLåH QHPiWH SUD[L Y SiMHQt S HþW WH VL QHMSUYH SURVtP WHQWR QiYRG N SiMHQt 7tP VH QDXþtWH SiMHW V HOHNWULFNRX SiMHþNRX 3 L SiMHQt HOHNWURQLFNêFK REYRG$ QHSRXåtYHMWH QLNG\ SiMHFt NDSDOLQX QHER SiMHGOR 7\WR REVD KXMt N\VHOLQX NWHUi P$åH ]QLþLW HOHNWURQLFNp VRXþiVWN\ D GHVNX SORãQêFK VSRM$ -DNR PDWHULiO N SiMHQt P$åH EêW SRXåLW SRX]H HOHNWURWHFKQLFNê FtQ 61 3E WR ]QDPHQi FtQX RORYD V MiGUHP Y\SOQ QêP NDODIXQRX NWHUi ]iURYH VORXåt MDNR UR]SRX ãW GOR QHþLVWRW D R[LG
$ 1D SOiQNX UR]ORåHQt VRXþiVWHN MH P VWHN ]Qi]RU & X) Q Q MDNR S tPi þiUD PH]L GY PL GtUNDPL $ %58&.
1HMSUYH 3RWHQFLRPHWULFNê WULPU S LSiMHMWH NDåGRX /HG GLRGX ]D QRåLþNX DE\ MVWH MH SRWRP PRKOL VURYQDW GR 1\Qt ]DSiMHMWH SRWHQFLRPHWU 3 0 NUDMQt DG\ 7HSUYH SRWRP S LSiMHMWH L QRåLþNX GUXKRX U\FKORVW SRK\EX /' /' þHUYHQi PP 9ãHFKQ\ W\WR /(' GLRG\ MVRX Ä/2: &855(17³ WM MHMLFK RGE U MH S L SOQpP YêNRQX P$ X ]HOHQp P$ 3iMHFt RþNR SiMHFtFK WH RþHN $ S LSiMHMWH ]DVX SORFKêPL NOHãW &K\Et OL ] HWHOQp R]QDþHQt SRODULW\ /(' QHER PiWH PL
,QWHJURYDQp REYRG\ ,2 WH 1DNRQHF ]DVX 6FKpPD ]DSRMHQt LQWHJURYDQp REYRG\ VH VSUiYRX RULHQWDFt GR S tVOXãQêFK SDWLF 3R]RU ,QWHJURYDQp äSDWQp REYRG\ SRODULW MVRX UHVS YHOPL FLWOLYp % Y ÿL ]DSRMHQt 'RGUæWH WHG\ SURVtP VSUiYQp R]QDÿHQt QD NRQFL ,2 YURXEHN QHER ERG 9 WRPWR ]DSRMHQt SRXæLWp LQWHJURYDQp REYRG\ MVRX REYRG\ W\SX &026 NWHUp MVRX YHOPL FLWOLYp QD VWDWLFNRX HOHNW LQX D PRKRX EëW VQDGQR ]QLÿHQ\ 026 VRXÿiVWN\ MH PRæQR EUiW GR UXNRX SRX]H ]D SRX]GUR 9äHRE
N QDSiMHQt 3OiQHN UR]PtVW Qt -HãW VRXþiVWHN MHGQRX ]NRQWUROXMWH iGQ VRXþiVWN\ =NRQWUROXMWH SORãQêFK $ Q VSRM MVRX RVD]HQ\ SRODUL]RYiQ\ ]DSQXWt ]GD ]GD QHQDFKi]t QDSiMHQt D PRKOR VSUiYQ VH QD ]NUDW YpVW YãHFKQ\ VWUDQ FRå N E\ S L SRãNR]HQt NWHUêFK VRXþiVWHN 7DNp MH QXWQR ]NRQWURORYDW QHOHåt RGVW LKQXWp ]GD QD $ NRXVN\ GUiWN $VRELW ]NUDW GHVFH NWHUp E\ PRKOL ]S 2PH]tWH WtP Y]QLN ]E\WHþQêFK ãNRG 3 LSRMHQt QDSiMHQt RåLYHQt S tVWURMH
.
0\VOHWH QD UR]SRXãW åH WR GHO GHVND SiMHFt $ SRGREQêFK SURVW HGN SURVW HGN\ MVRX SiMHQi NDSDOLQ\ V 1HIXQNþQt VWDYHEQLFH PRKRX EêW ]DVOiQ\ V S HV SRPRFt ROHMH QêP SRSLVHP FK\E QHER " $åH IXQJRYDW 7\WR ]S$VREXMt VYRGRYp ]D MDNêFK SRGPtQHN QHER QHP YRGLYp D FK\EX N\VHOêP $ X REYRG FtQHP NWHUp SiMHGOHP E\O\ QHER S tVWURMH SiMHQ\ Q Y QDãHP VHUYLVH RSUDYHQ\ QD ]DSRMWH 1HE\OD OL GHVNX åiGQi RS W $åH REYRG P SRGOH EêW SR ~VS S L
7R VDPp SODWt L x S L ]P x S L VYpYROQêFK ]P x S L QiFK QHER SRNXVHFK R RSUDYX S tVWURMH QiFK REYRGX QHS HGSRNOiGDQpP $ GtO YROQpP QHRGERUQpP $ SURGUiWRYiQt GtO XPtVW MDNR Qt Y\StQDþ SRWHQFLRPHWU ]Gt N\ D SRG SRXåLWt MLQêFK QH RULJLQiOQ S tVOXãHMtFtFK VRXþiVWHN x S L NH NRPSOHWX x S L ]QLþHQt YRGLYêFK FHVW QD VSRML QHER S L MLQpP SRãNR]HQt SORãQpKR VSRMH x S L ãSDWQpP UR]PtVW Qt VRXþiVWHN D SUR ] WRKR Y]QLNOp ãNRG\ x S L S HWtåHQt VW