Operating Instructions

ManualsBrandsLiebherr ManualsOtherOperating instructions R 914-Litronic from serial number 11229

(SGYQIRXMHIRXMJMGEXMSR

3VHIVRYQFIV 

)HMXMSR 

:EPMHJSV 60MXVSRMGJVSQWIVMEPRYQFIV

%YXLSV 0*68IGLRMGEPHSGYQIRXEXMSRHITEVXQIRX

4VSHYGXMHIRXMJMGEXMSR

1ERYJEGXYVIV 0-)&,)66*VERGI7%7

8]TI 60MXVSRMG

8]TIRS 

'SRJSVQMX] ')

%HHVIWW

0MIFLIVV*VERGI7%7

EZIRYI.SWITL6I]

&4*'SPQEV'IHI\

3TIVEXMRKMRWXVYGXMSRW

,]HVEYPMGI\GEZEXSV1EXIVMEPLERHPIV

60MXVSRMG

JVSQWIVMEPRYQFIV

Summary of content (288 pages)

PAGE 1
IR 3TIVEXMRK MRWXVYGXMSRW ,]HVEYPMG I\GEZEXSV 1EXIVMEP LERHPIV 6 0MXVSRMG JVSQ WIVMEP RYQFIV (SGYQIRX MHIRXMJMGEXMSR 3VHIV RYQFIV )HMXMSR :EPMH JSV 6 0MXVSRMG JVSQ WIVMEP RYQFIV %YXLSV 0*6 8IGLRMGEP HSGYQIRXEXMSR HITEVXQIRX 4VSHYGX MHIRXMJMGEXMSR 1ERYJEGXYVIV 0-)&,)66 *VERGI 7%7 8]TI 6 0MXVSRMG 8]TI RS 'SRJSVQMX] ') %HHVIWW 0MIFLIVV *VERGI 7%7 EZIRYI .
PAGE 2
3TIVEXMRK MRWXVYGXMSRW 1EGLMRI HEXE 4PIEWI JMPP MR XLI JSPPS[MRK HEXE [LIR ]SY VIGIMZI ]SYV QEGLMRI 8LMW [MPP EPWS FI SJ YWI XS ]SY [LIR SVHIVMRK VITPEGIQIRX TEVXW :ILMGPI MHIRX RYQFIV ;0,> >/ 'SRWXVYGXMSR ]IEV *MVWX WXEVX YT HEXI 6 0MXVSRMG
PAGE 3
TIVEXMRK MRWXVYGXMSRW 4VIJEGI 8LIWI STIVEXMRK MRWXVYGXMSRW LEZI FIIR [VMXXIR JSV XLI QEGLMRI STIVEXSV ERH JSV XLI QEMRXIRERGI TIVWSRRIP SJ XLI QEGLMRI 8LI] GSRXEMR z XLI XIGLRMGEP HEXE z XLI WEJIX] VIUYMVIQIRXW z XLI STIVEXMRK MRWXVYGXMSRW z XLI QEMRXIRERGI MRWXVYGXMSRW 8LI STIVEXMRK MRWXVYGXMSRW EVI XS FI VIEH ERH YWIH GEVIJYPP] F] EPP TIVWSRW [LS GEVV] SYX [SVO [MXL SV SR XLI QEGLMRI FIJSVI TYXXMRK XLI QEGLMRI MRXS WIVZMGI JSV XLI JMVWX XMQI ERH PEXIV EX VIKYPEV MRXIVZEPW ;SVO [MXL SV
PAGE 4
3TIVEXMRK MRWXVYGXMSRW EFPI JSV ]SYV GSRZIRMIRGI =SY [MPP ETTVIGMEXI XLEX 0-)&,)66 [EVVERX] GPEMQW QEHI SR XLI FEWMW SJ MQTVSTIV STIVEXMSR YRWEXMWJEGXSV] QEMRXIRERGI YWI SJ YREYXLSVM^IH STIVEXMRK QEXIVMEPW SV RSR EHLIVIRGI XS WEJIX] VIKYPEXMSRW GERRSX FI VIGSKRM^IH 0-)&,)66 [MPP ERRYP ER] ERH EPP SFPMKEXMSRW MRGYVVIH F] 0-)&,)66 ERH SV MXW HIEP IVWLMTW WYGL EW KYEVERXII GSQQMXQIRXW WIVZMGI GSRXVEGXW IXG [MXLSYX TVMSV RSXMGI MR XLI IZIRX XLEX VITPEGIQIRX TEVXW SXLIV XLER SVMKMREP 0-)&,)66 TEV
PAGE 5
3TIVEXMRK MRWXVYGXMSRW 'SRXIRX 4VSHYGX HIWGVMTXMSR 7EJIX] MRJSVQEXMSR WMKRW %WWIQFP] SZIVZMI[
PAGE 6
3TIVEXMRK MRWXVYGXMSRW 7EJIP] KIXXMRK YT SV HS[R ;SVOMRK WEJIP] [MXL XLI QEGLMRI 0S[ MHPI EYXSQEXMG 3TIVEXMRK XLI W[MRK KIEV
PAGE 7
3TIVEXMRK MRWXVYGXMSRW 3XLIV IVVSVW )VVSV HYI XS [EVRMRK W]QFSPW MR 7= JMIPH *EYPXW ERH VIQIHMIW (MIWIP IRKMRI ERH JYIP W]WXIQ
PAGE 8
3TIVEXMRK MRWXVYGXMSRW :IRXMRK XLI JYIP W]WXIQ (V] EMV JMPXIV 'LERKMRK XLI QEMR IPIQIRX
PAGE 9
4VSHYGX HIWGVMTXMSR %WWIQFP] SZIVZMI[ 8LMW WIGXMSR GSQTVMWIW ER SZIVZMI[ SJ XLI QEGLMRI ERH HIWGVMTXMSRW SJ XLI GSQTS RIRXW WLS[R 1EGLMRI [MXL FEGOLSI EXXEGLQIRX *MK 1EGLMRI [MXL FEGOLSI EXXEGLQIRX 9TTIVGEVVMEKI &SSQ G]PMRHIV &YGOIX 9RHIVGEVVMEKI 7XMIP &YGOIX G]PMRHIV &SSQ 7XMIP G]PMRHIV
PAGE 10
4VSHYGX HIWGVMTXMSR 3TIVEXMRK MRWXVYGXMSRW %WWIQFP] SZIVZMI[ 9TTIVGEVVMEKI *MK 9TTIVGEVVMEKI (MIWIP IRKMRI 'SRXVSP TERIP PIJX (V] EMV JMPXIV 'SRXVSP TERIP VMKLX 6EHMEXSV ,]HVEYPMG SMP ERH JYIP XERO 7[MRK KIEV ,]HVEYPMG TYQT 6SXEV] GSRRIGXMSR 'SRXVSP ZEPZI FPSGO 'SRXVSP GEF 'EF 6 0MXVSRMG
PAGE 11
3TIVEXMRK MRWXVYGXMSRW 4VSHYGX HIWGVMTXMSR 8IGLRMGEP HEXE 9RHIVGEVVMEKI *MK 9RHIVGEVVMEKI -HPIV 6SXEV] GSRRIGXMSR 8VEGO 8VEZIP KIEV ERH WTVSGOIX 8IGLRMGEP HEXE 8LMW WLSYPH FI XEOIR JVSQ XLI EGGSQTER]MRK XIGLRMGEP HIWGVMTXMSR 6 0MXVSRMG
PAGE 12
8LI GVE[PIV I\GEZEXSV 6 & 3TIVEXMRK ;IMKLX OK )RKMRI 3YXTYX O; ,4 &YGOIX 'ETEGMX] Q
PAGE 13
6 & 8IGLRMGEP (EXE 3TIVEXMRK ;IMKLX OK )RKMRI 3YXTYX O; ,4 &YGOIX 'ETEGMX] Q 6 & 0MXVSRMG
PAGE 14
4IVJSVQERGI 'SQJSVX 0MIFLIVV GVE[PIV I\GEZEXSVW JIEXYVI WXEXI SJ XLI EVX XIGLRSPSK] ERH LMKL UYEPMX] [SVOQERWLMT 8LI QSWX MQTSVXERX GSQTSRIRXW SJ XLI HVMZI W]WXIQ EVI EPP TVSHYGIH F] 0MIFLIVV JEGXSVMIW ERH EVI TIVJIGXP] GSSVHMREXIH XS IEGL SXLIV 8LMW EWWYVIW ER IJJIG GMIRG] ERH PSRKIZMX] 0MIFLIVV GVE[PIV I\GEZEXSVW EVI TEVXMGYPEVP] WIV ZMGI JVMIRHP] QEMRXIRERGI [SVO MW WMQTP] ERH UYMGOP] EGGSQTPMWLIH HYI XS [IPP EGGIWWMFPI WIVZMGI TSMRXW 8LI STIVEXSV WXEXMSR MW
PAGE 15
0MIFLIVV HMIWIP IRKMRI c )WTIGMEPP] GVIEXIH ERH HIWMKRIH JSV GSRWXVYGXMSR IUYMTQIRX c ,MKL TIVJSVQERGI VIWIVZIW c 0SRK PMJI I\TIGXERG] c 0YFVMGEXMSR WYTTP] GETEFMPMX] SR YT XS MRGPMRI c 1E\MQYQ TIVJSVQERGI EX PS[ IRKMRI WTIIH c 'SQTPMIW [MXL IQMWWMSR WXERHEVHW ')) ERH 8MIV 6 & 0MXVSRMG
PAGE 16
4IVJSVQERGI 8]TMGEP JSV XLI 6 & EVI I\GIPPIRX HMKKMRK ERH PSEHMRK TIVJSVQERGIW LMKL PMJX GETEGMXMIW ERH WLSVX G]GPI XMQIW 8LI HVMZI W]WXIQ EW HIWMKRIH ERH QERY JEGXYVIH F] 0MIFLIVV MW ORS[R JSV LMKL SYXTYX VIWIVZIW ,MKL 0SEHMRK 4IVJSVQERGI PP JEGXSV 8LI HMKKMRK XSSPW EW QERYJEGXYVIH F] 0MIFLIVV EVI PP JEGXSVW 8LI FYGOIX WLETI TVSZMHIW KSSH QEXIVMEP TIRIXVEXMSR ERH EWWYVIW I\GIPPIRX TVSHYGXMSR ,MKL HMKKMRK ERH FVIEOSYX JSVGIW (YI XS XLI STXMQM^IH EXXEGLQIRX KISQIXV] XLI 6
PAGE 17
/I] XIGLRSPSKMIW QEHI F] 0MIFLIVV c (IGEHIW SJ I\TIVMIRGI [MXL XLI HIZIPSTQIRX HIWMKR ERH QERYJEG XYVMRK SJ GSQTSRIRXW c )RKMRIW L]HVEYPMG TYQTW ERH z QSXSVW W[MRK ERH XVEZIP KIEV FS\IW EW [IPP EW IPIGXVSRMG IPIQIRXW JVSQ MR LSYWI TVSHYGXMSR c 1ERYJEGXYVMRK GIRXIVW JSV GSQTS RIRXW MR +IVQER] ERH 7[MX^IVPERH TVSHYGI EGGSVHMRK XS XLI PEXIWX TVSHYGXMSR QIXLSHW 6 & 0MXVSRMG
PAGE 18
6IPMEFMPMX] 0MIFLIVV GVE[PIV I\GEZEXSV TVSSJ IZIV] HE] EX GSRWXVYGXMSR WMXIW EPP SZIV XLI [SVPH XLIMV LMKL EZEMPEFMPMX] 0SRKWXERHMRK HIWMKR I\TIVMIRGI MR FYMPHMRK I\GE ZEXSVW GSRXMRYSYW JYVXLIV HIZIPSTQIRX ERH XLI YXMPM^EXMSR SJ XLI PEXIWX XIGL RSPSKMIW QEOI XLI 6 & XS FI SRI SJ XLI QSWX TS[IVJYP ERH HITIRHEFPI I\GEZEXSVW 5YEPMX] XS XLI PEWX HIXEMP 4S[IV TEGOEKI 8LI MRHMZMHYEP GSQTSRIRXW SJ XLI HVMZI W]WXIQ QEHI F] 0MIFLIVV I K GSRWXVYGXMSR IUYMTQIR
PAGE 19
,]HVEYPMG VIWIVZSMV WXST ZEPZI S[ XS XLI L]HVEYPMG W]WXIQ MGO SJ XLI [VMWX YMH RIGIWWEV] JSV WIVZMGI SV VITEMV [SVO SR XLI L]HVEY PMG W]WXIQ 6 & 0MXVSRMG
PAGE 20
'SQJSVX %PP WIVZMGI TSMRXW SR XLI YTTIV HIGO EVI IEW] EGGIWWMFPI ERH EPPS[ E UYMGO ERH GSQJSVXEFPI I\IGYXMSR SJ EPP QEMRXIRERGI [SVO 8LI STIVEXSV WXEXMSR MW HIWMKRIH EGGSVHMRK XS XLI PEXIWX IVKSRSQMG ORS[ LS[ ERH TVSZMHIW I\GIPPIRX ZMWMFMPMX] XS XLI IRXMVI [SVO EVIE 8LMW LIPTW XS QEMRXEMR GSRGIRXVEXMSR ERH TVS HYGXMZMX] SZIV E PSRK [SVOHE] 7XERHEVH QEMRXIRERGI EHZERXEKI )EW] EGGIWWMFMPMX] %PP WIVZMGI TSMRXW EVI IEW] EGGIWWMFPI ERH XLI 6 & JIEXYVIW E GIRXVEP
PAGE 21
-HIEP LEYPMRK GSRHMXMSRW c 4VEGXMGEP WLMTTMRK HMQIRWMSR HYI XS STXMQEP EXXEGLQIRX KISQIXV] c 8LI QEGLMRI GER FI XVERWTSVXIH SR E WXERHEVH PS[ FS] c 2S VSEH VIWXVMGXMSRW 6 & 0MXVSRMG
PAGE 22
)GSRSQ] 8LI 6 & MW E QYPXM TYVTSWI XSSP GEVVMIV HYI XS XLI EXXEGLQIRX ZEVMIX] ERH XLI QSHYPEV UYMGO GSYTPIV W]WXIQ z MHIEPP] WYMXEFPI JSV EPP ETTPMGEXMSR 8ST XIGLRSPSK] JSV QE\MQYQ TVS´ XEFMPMX] )PIGXVSRMG IRKMRI WTIIH WIRWMRK GSRXVSP GMIRX GSRZIV WMSR SJ XLI IRKMRI SYXTYX MR L]HVEYPMG TIVJSVQERGI z [LMGL FVMRKW E FIXXIV YXMPM^EXMSR SJ XLI EZEMPEFPI IRKMRI TS[IV 8LI VIWYPX LMKLIV HMKKMRK JSVGIW WLSVXIV G]GPI XMQIW ERH PS[IV JYIP GSRWYQTXMSR 0MIFLIVV 8SSP 'SRXVSP -QQIHMEXIP] EJXI
PAGE 23
8IGLRMGEP (EXE )RKMRI 7[MRK (VMZI 6EXMRK TIV -73 CCCCCCCC O; ,4 EX 641 1SHIP CCCCCCCCCCCCCCCCCCCCCCCCCCCC 0MIFLIVV ( 8- ) 8]TI CCCCCCCCCCCCCCCCCCCCCCCCCCCCCC G]PMRHIV MR PMRI &SVI 7XVSOI CCCCCCCCCCCCCCCC QQ (MWTPEGIQIRX CCCCCCCCCCCC P )RKMRI STIVEXMSR CCCCCCCCCCCCCC WXVSOI HMIWIP HMVIGX MRNIGXMSR XYVFS GLEVKIH EJXIV GSSPIH VIHYGIH IQMWWMSRW 'SSPMRK CCCCCCCCCCCCCCCCCCCCCCCCCC [EXIV GSSPIH ERH MRXIKVEXIH QSXSV SMP GSSPIV %MV GPIERIV CCCCCCCCCCCCCCCCCCCCCC HV] X]TI E
PAGE 24
(MQIRWMSRW ) % ( ' ; , 4 / 5 0 2 7 9 & > + : < +SSWIRIGO &SSQ Q [MXL ,( 7 SV ,( 70 9RHIVGEVVMEKI 7XMGO PIRKXL Q : JSV ,( 7 9RHIVGEVVMEKI QQ : JSV ,( 70 9RHIVGEVVMEKI QQ ; QQ < QQ ,( 7 % ' ( ) , / 0 4 5 7 9 2 & + > QQ ,( 70 QQ ,( 70 QQ
PAGE 25
&EGOLSI %XXEGLQIRX [MXL +SSWIRIGO &SSQ Q JX Q (MKKMRK )RZIPSTI [MXL 5YMGO 'LERKI %HETXIV 7XMGO PIRKXLW Q 1E\ HMKKMRK HITXL 1E\ VIEGL EX KVSYRH PIZIP 1E\ HYQT LIMKLX 1E\ XIIXL LIMKLX Q Q Q Q (MKKMRK *SVGIW [MXLSYX 5YMGO 'LERKI %HETXIV (MKKMRK JSVGI -73 O2 X O2 X O2 X
PAGE 26
0MJX 'ETEGMXMIW [MXL +SSWIRIGO &SSQ Q 7XMGO Q 7XMGO Q § § § § § § § § 7XMGO Q 7XMGO Q § § § § § § § § 8LI PMJX GETEGMXMIW SR XLI PSEH LSSO SJ XLI 0MIFLIVV UYMGO GLERKI EHETXIV
PAGE 27
&EGOLSI %XXEGLQIRX [MXL ,]HV %HNYWXEFPI 1EMR &SSQ Q JX Q (MKKMRK )RZIPSTI [MXL 5YMGO 'LERKI %HETXIV 7XMGO PIRKXLW Q 1E\ HMKKMRK HITXL 1E\ VIEGL EX KVSYRH PIZIP 1E\ HYQT LIMKLX 1E\ XIIXL LIMKLX Q Q Q Q O2 X O2 X O2 X O2 X
PAGE 28
0MJX 'ETEGMXMIW [MXL ,]HV %HNYWXEFPI 1EMR &SSQ Q 7XMGO Q 7XMGO Q § § § § § § § § 7XMGO Q 7XMGO Q § § § § § § § § 8LI PMJX GETEGMXMIW SR XLI PSEH LSSO SJ XLI 0MIFLIVV UYMGO GL
PAGE 29
&EGOLSI %XXEGLQIRX [MXL 7XVEMKLX +SSWIRIGO &SSQ Q JX Q (MKKMRK )RZIPSTI [MXL 5YMGO 'LERKI %HETXIV 7XMGO PIRKXLW Q 1E\ HMKKMRK HITXL 1E\ VIEGL EX KVSYRH PIZIP 1E\ HYQT LIMKLX 1E\ XIIXL LIMKLX Q Q Q Q O2 X O2 X O2 X O2 X
PAGE 30
0MJX 'ETEGMXMIW [MXL 7XVEMKLX +SSWIRIGO &SSQ Q 7XMGO Q 7XMGO Q § § § § § § § § 7XMGO Q 7XMGO Q § § § § § § § § 8LI PMJX GETEGMXMIW SR XLI PSEH LSSO SJ XLI 0MIFLIVV UYMGO GLERK
PAGE 31
0MJX 'ETEGMXMIW [MXL +SSWIRIGO &SSQ Q ERH ,IEZ] 'SYRXIV[IMKLX 7XMGO Q 7XMGO Q § § § § § § § § 7XMGO Q 7XMGO Q § § § § § § § § 8LI PMJX GETEGMXMIW SR XLI PSEH LSSO SJ XLI 0MIFL
PAGE 32
0MJX 'ETEGMXMIW [MXL ,]HV %HNYWXEFPI 1EMR &SSQ Q ERH ,IEZ] 'SYRXIV[IMKLX 7XMGO Q 7XMGO Q § § § § § § § § 7XMGO Q 7XMGO Q § § § § § § § § 8LI PMJX GETEGMXMIW SR XLI PSEH LSSO
PAGE 33
0MJX 'ETEGMXMIW [MXL 7XVEMKLX +SSWIRIGO &SSQ Q ERH ,IEZ] 'SYRXIV[IMKLX 7XMGO Q 7XMGO Q § § § § § § § § 7XMGO Q 7XMGO Q § § § § § § § § 8LI PMJX GETEGMXMIW SR XLI PSEH LSSO SJ
PAGE 34
)UYMTQIRX 9RHIVGEVVMEKI 8[S WXEKI XVEZIP QSXSVW 0MJIXMQI PYFVMGEXIH XVEGO VSPPIVW -HPIV TVSXIGXMSR 8VEGO KYMHI EX IEGL XVEGO JVEQI 8VEGOW WIEPIH ERH KVIEWIH 8VEGO KYMHIW EX WTVSGOIX ERH MR GIRXIV 'SRZIVWMSR OMX § 8VEGO & XS ( ' 7TVSGOIX [MXL HMVX INIGXSV 6IMRJSVGIH FEWI TPEXI GIRXIV TMIGI 9TTIVGEVVMEKI )RKMRI LSSH [MXL PMJX LIPT 0SGOEFPI XSSP FS\ ,ERHVEMPW RSR WPMT WYVJEGIW 8SSP OMX 1EMRXIRERGI JVII W[MRK FVEOI PSGO 1EMRXIRERGI JVII ,( FEXXIVMIW 7SYRH MRWYPEXMSR )PIGXVMG JYIP XERO JMPPIV TYQT *SSX TI
PAGE 35
8LI IRXMVI [SVPH SJ IEVXLQSZMRK IUYMTQIRX *SV ]SYV WYGGIWW [MXL IEVXLQSZMRK IUYMTQIRX 0MIFLIVV TVSZMHIW ER I\XIRWMZI TVSHYGX VERKI SJ L]HVEYPMG I\GEZEXSVW GVE[PIV XVEGXSVW ERH PSEHIVW [LIIP PSEHIVW ERH HYQT XVYGOW 4PIEWI ZMWMX SYV [IFWMXI JSV EPP RI[W EW [IPP EW XIGLRMGEP MRJSVQEXMSR VIKEVHMRK XLI IEVXLQSZMRK IUYMTQIRX TVSKVEQ JVSQ 0MIFLIVV [[[ PMIFLIVV GSQ 0MIFLIVV *VERGI 7%7
PAGE 36
7EJIX] MRJSVQEXMSR WMKRW ;SVOMRK [MXL XLI QEGLMRI LSPHW HERKIVW XS [LMGL ]SY EW XLI S[RIV QEGLMRI STIV EXSV SV QEMRXIRERGI I\TIVX GSYPH FI I\TSWIH -J ]SY VIKYPEVP] VIEH ERH RSXI XLI WEJI X] MRJSVQEXMSR LS[IZIV ]SY GER TVIZIRX HERKIV ERH EGGMHIRXW 8LMW MW TEVXMGYPEVP] XVYI JSV XLSWI [LS EVI SRP] SGGEWMSREPP] MR GSRXEGX [MXL XLI QEGLMRI IK JSV QEMRXI RERGI [SVO 8LI JSPPS[MRK MRJSVQEXMSR GSQTVMWIW WEJIX] VIKYPEXMSRW [LMGL MJ JSP PS[IH GSRWGMIRXMSYWP] [MPP KYEVERXII ]SYV WEJIX] ERH XLEX SJ SXL
PAGE 37
7EJIX] MRJSVQEXMSR WMKRW 3TIVEXMRK MRWXVYGXMSRW 9WI MR EGGSVHERGI [MXL XLI VIKYPEXMSRW 8LMW W]QFSP QIERW w'EVV] SYX ER EGXMZMX] -J XLI QEGLMRI STIVEXSV SV QEMRXIRERGI TIVWSRRIP LEZI GEVVMIH SYX XLI EGXMZMXMIW HIWGVMFIH MR ER EGXMSR XLI VIWYPX SJ XLMW EGXMSR [MPP FI HIWGVMFIH LIVI *SPPS[MRK XLIWI RSXIW HSIW RSX VIPMIZI ]SY SJ VIWTSRWMFMPMX] JSV JSPPS[MRK EH HMXMSREP VYPIW ERH KYMHIPMRIW %HHMXMSREP TSMRXW XLEX WLSYPH FI RSXIH EVI z XLI WEJIX] VIKYPEXMSRW [LMGL ETTP] SR WMXI z WXEXYXSV] VSEH XVEJ
PAGE 38
3TIVEXMRK MRWXVYGXMSRW 7EJIX] MRJSVQEXMSR WMKRW 7EJIX] MRWXVYGXMSRW TIVMIRGIH QIQFIV SJ WXEJJ z %W JEV EW TSWWMFPI QSRMXSV TIVWSRRIP XS IRWYVI XLEX XLI] EVI EHLIVMRK XS WEJI [SVOMRK TVEGXMGIW EVI E[EVI SJ VMWOW ERH EVI SFWIVZMRK XLI STIVEXMRK MRWXVYGXMSRW z ;IEV WEJI [SVO GPSXLIW [LIR ]SY EVI [SVOMRK SR SV [MXL XLI QEGLMRI %ZSMH [IEVMRK VMRKW [EXGLIW XMIW WGEVZIW STIR NEGOIXW ERH PSSWI GPSXLMRK 8LIVI MW E VMWO SJ MRNYV] JVSQ JSV I\EQTPI FIGSQMRK WXYGO SV FIMRK HVE[R MR z 4VSXIGXMZI
PAGE 39
7EJIX] MRJSVQEXMSR WMKRW 3TIVEXMRK MRWXVYGXMSRW 7EJIX] MRWXVYGXMSRW z (S RSX YWI ER] HEQEKIH SV MRWYJJMGMIRX PSEH FIEVMRK XEOI YT QEXIVMEPW WYGL EW VSTIW SV GLEMRW z ;IEV [SVO KPSZIW [LIR [SVOMRK [MXL [MVI GEFPIW z ;LIR [SVOMRK SR XLI IUYMTQIRX RIZIV YWI ]SYV JMRKIVW XS PSGEXI FSVIW YWI XLI GSVVIGX TYRGL JSV XLI TVSGIHYVI z )RWYVI XLEX RS SFNIGXW IRXIV XLI JER [LIR XLI IRKMRI MW SR 8LI JER [MPP INIGX SV HIWXVS] XLIWI SFNIGXW ERH [MPP MXWIPJ FI HEQEKIH z 8LI IRKMRI GSSPMRK W]WXIQ MW LSX ER
PAGE 40
3TIVEXMRK MRWXVYGXMSRW 7EJIX] MRJSVQEXMSR WMKRW 7MKRW SR XLI QEGLMRI 7MKRW SR XLI QEGLMRI -RXVSHYGXMSR 8LI QEGLMRI HMWTPE]W WIZIVEP X]TIW SJ WMKRW z 7EJIX] TPEXIW TVSZMHI [EVRMRKW VIPEXMRK XS HERKIVW SJ EGGMHIRXW [LMGL GSYPH VI WYPX MR WIVMSYW MRNYV] SV HIEXL z -RJSVQEXMSR TPEXIW MRHMGEXI WTIGMJMG TSMRXW VIPEXMRK XS XLI STIVEXMSR QEMRXIRERGI ERH GLEVEGXIVMWXMGW SJ XLI QEGLMRI z 2EQITPEXIW EVI EXXEGLIH XS GSQTSRIRXW JSV [LMGL XLI QEGLMRI RYQFIV QYWX FI TVSZMHIH [LIR SVHIVMRK WTEVI TEVXW
PAGE 41
7EJIX] MRJSVQEXMSR WMKRW 3TIVEXMRK MRWXVYGXMSRW 7MKRW SR XLI QEGLMRI %VVERKIQIRX SJ WMKREKI *MK %VVERKIQIRX SJ WMKREKI SR XLI QEGLMRI 2EQITPEXI 7EJIX] TPEXI I\XIVREP WXEVX 0YFVMGEXMSR GLEVX 3FWXVYGXMSR WEJIX] TPEXI 4VSLMFMXMRK WMKR )RKMRI SJJ WEJIX] TPEXI 3TIVEXMRK W]QFSPW TPEXI -RJSVQEXMSR TPEXI z WSYRH TS[IV PIZIP ?XVYGOA 0SEH GLEVX 4PER RYQFIV TPEXI 0YFVMGEXMSR GLEVX IRKMRI TEVX %GGMHIRX TVIZIRXMSR WEJIX] TPEXI
PAGE 42
3TIVEXMRK MRWXVYGXMSRW 7EJIX] MRJSVQEXMSR WMKRW 7MKRW SR XLI QEGLMRI )\TPEREXMSR SJ WMKREKI 4PEXI 1EGLMRI REQITPEXI 8LI REQITPEXI HMWTPE]W XLI JSPPS[MRK MRJSVQEXMSR z :ILMGPI MHIRXMJMGEXMSR RYQFIV z 8]TI z 'SRWXVYGXMSR ]IEV z )RKMRI SYXTYX z 8ST WTIIH z 4IVQMWWMFPI SZIVEPP [IMKLX z 4IVQMWWMFPI E\PI PSEH JVSRX z 4IVQMWWMFPI E\PI PSEH VIEV 4PEXI 0YFVMGEXMSR GLEVX (MWTPE]W XLI VIPIZERX GETEGMXMIW ERH XLI GLERKI MRXIVZEPW KVIEWI UYEPMX] JMPP ERH PY FVMGEXMSR TSWMXMSRW 4PEXI 4VSLMFMX
PAGE 43
7EJIX] MRJSVQEXMSR WMKRW 3TIVEXMRK MRWXVYGXMSRW 7MKRW SR XLI QEGLMRI 4PEXI 0YFVMGEXMSR GLEVX IRKMRI -RHMGEXIW XLI QEMRXIRERGI MRXIVZEPW JSV XLI HMIWIP IRKMRI 4PEXI 0SEHMRK ERH ERGLSVMRK TSMRXW -HIRXMJMIW XLI TSWMXMSRW SJ XLI PSEHMRK ERH ERGLSVMRK TSMRXW EW [IPP EW XLI VIPIZERX [IMKLX SJ XLI QEGLMRI 4PEXI 0EWLMRK TSMRX -RHMGEXIW XLI QEGLMRIvW PEWLMRK TSMRXW 4PEXI 7XST PMJX TSMRX -RHMGEXIW XLI QEGLMRIvW WXST PMJX TSMRXW 4PEXI )\XIVREP WXEVXMRK 8LI MRJSVQEXMSR MR XLI STIVEXMR
PAGE 44
3TIVEXMRK MRWXVYGXMSRW 7EJIX] MRJSVQEXMSR WMKRW 7MKRW SR XLI QEGLMRI 4PEXI 3FWXVYGXMSR -X MW JSVFMHHIR XS WXERH MR XLI HERKIV ^SRI 4PEXI )RKMRI SJJ 8LI IRKMRI LSSH QE] SRP] FI STIRIH [LIR XLI IRKMRI MW W[MXGLIH SJJ 4PEXI 7SYRH TS[IV PIZIP ?XVYGOA -RHMGEXIW XLI WSYRH TS[IV PIZIP SJ XLI QEGLMRI XS XLI IRZMVSRQIRX MR H& % << ! 8LI ETTPMGEFPI [IMKLX JSV XLI QEGLMRI MW TVSZMHIH SR XLI STIVEXSVvW GEF 4PEXI 0SEH GLEVX 7LS[W XLI TIVQMWWMFPI PSEHW HITIRHIRX SR XLI [SVOMRK VEHMYW 4PEXI
PAGE 45
7EJIX] MRJSVQEXMSR WMKRW 3TIVEXMRK MRWXVYGXMSRW 7MKRW SR XLI QEGLMRI 4PEXI 4EVX 7EJIX] PIZIV 4YPP WEJIX] PIZIV YT JYPP] FIJSVI PIEZMRK XLI STIVEXSVvW WIEX 4PEXI 4EVX )UYMTQIRX ;SVO IUYMTQIRX VIEGLIW EW JEV EW XLI GEF 'EYXMSR z [SVO IUYMTQIRX VIXVEGXIH 4PEXI 7EJIX] FIPX 8LI WEJIX] FIPX QYWX FI JEWXIRIH FIJSVI WXEVXMRK XLI QEGLMRI 4PEXI )QIVKIRG] I\MX z VIEV [MRHS[ 8LI VYFFIV [IEXLIVWXVMT GER FI PSSWIRIH ERH VIQSZIH ERH XLI VIEV [MRHS[ TYWLIH SYX F] TYPPMRK XLI GPMT SR XLI M
PAGE 46
3TIVEXMRK MRWXVYGXMSRW 7EJIX] MRJSVQEXMSR WMKRW 7MKRW SR XLI QEGLMRI 2EQITPEXIW SR XLI QEGLMRI *MK 6 0MXVSRMG -QTSVXERX REQITPEXIW SR XLI QEGLMRI ,]HVEYPMG TYQT ,IEXMRK EMV GSRHMXMSRMRK HIZMGI (MIWIP IRKMRI 7PI[MRK KIEV XVERWQMWWMSR 'SRXVSP FPSGO (VMZI XVERWQMWWMSR [MXL SMP QSXSV
PAGE 47
'SRXVSP ERH STIVEXMSR 3TIVEXMRK ERH GSRXVSP IPIQIRXW 3ZIVZMI[ SJ XLI STIVEXSVvW WXERHMRK TSWMXMSR *MK 3TIVEXSVvW WXERHMRK TSWMXMSR 7IVZS GSRXVSP WEJIX] PIZIV ,IEXMRK EMV GSRHMXMSRMRK W]WXIQ 4IHEP JSV PIJX HVMZI YRMX % 6EHMS STXMSREP I\XVEW 4IHEP JSV VMKLX HVMZI YRMX 4 3TIVEXMRK LSYVW GSYRXIV %MV ZIRX LIEXMRK 7 %YXSQEXMG QERYEP WTIIH EHNYWX QIRX W[MXGL )UYMTQIRX STIVEXMSR STXMSREP I\XVEW 7 WTIIH W[MXGL 4SWMXMSRMRK W[MRK FVEOI STXM
PAGE 48
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW 3TIVEXMRK ERH GSRXVSP IPIQIRXW *MK .S]WXMGO VMKLX 7 -KRMXMSR W[MXGL .
PAGE 49
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR 3TIVEXMRK ERH GSRXVSP IPIQIRXW %VVERKIQIRX SJ NS]WXMGO *MK .
PAGE 50
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW 3TIVEXMRK ERH GSRXVSP IPIQIRXW /I]TEH *MK )\GEZEXSV OI]TEH 6 0MXVSRMG
PAGE 51
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR 3TIVEXMRK ERH GSRXVSP IPIQIRXW 2SXI 8LI JYRGXMSR SJ XLI TYWL FYXXSRW QEVOIX [MXL 1 EVI QIQSVM^IH [LIR WXSTTMRK XLI I\GEZEXSV 8LMW QIERW XLEX XLI GSRXVSPIH JYRGXMSR VIGSZIVW XLI TVIZMSYW WXEXI SR SJJ 0 , FIJSVI XLI QEGLMRI LEH FIIR XYVRIH SJJ 7 (VMZMRK PMKLX )UYMTQIRX LIEHPMKLX 4VIWW XLI W[MXGL (VMZMRK PMKLX MW EGXMZEXIH 0)( MR XLI W[MXGL MPPYQMREXIW 4VIWW W[MXGL EKEMR (VMZMRK PMKLX MW HIEGXMZEXIH 0)( MR XLI W[MXGL KSIW SYX )U
PAGE 52
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW 3TIVEXMRK ERH GSRXVSP IPIQIRXW 7 z 3ZIVPSEH [EVRMRK HIZMGI STXMSREP 4VIWW W[MXGL 3ZIVPSEH [EVRMRK HIZMGI MW EGXMZEXIH 0)( MR XLI W[MXGL MPPYQMREXIW 4VIWW W[MXGL EKEMR 3ZIVPSEH [EVRMRK HIZMGI MW HIEGXMZEXIH 0)( MR XLI W[MXGL KSIW SYX 2S SZIVPSEH [EVRMRK HIZMGI MW FYMPX MR 4VIWW W[MXGL 8LI W]QFSP JSV 2S SZIVPSEH [EVRMRK HIZMGI MW TVIWIRX ETTIEVW SR XLI QSRM XSVMRK WGVIIR 0)( MR XLI W[MXGL MPPYQMREXIW 4VIWW W[MXGL EKEMR 8LI W]QFSP JSV 2S SZIVPS
PAGE 53
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR 3TIVEXMRK ERH GSRXVSP IPIQIRXW 7 %HHMXMSREP LIEHPMKLX STXMSREP 4VIWW XLI W[MXGL %HHMXMSREP LIEHPMKLX MW W[MXGLIH SR 0)( MR W[MXGL MPPYQMREXIW 4VIWW W[MXGL EKEMR %HHMXMSREP LIEHPMKLX MW W[MXGLIH SJJ 0)( MR XLI W[MXGL KSIW SYX 7 z 7TIGMEP JYRGXMSR STXMSREP 'SRJMKYVEXMSR ERH EGXMZEXMSR EGGSVHMRK XS OMX 7 z 6SXEXMRK FIEGSR STXMSREP 4VIWW W[MXGL 6SXEXMRK FIEGSR MW W[MXGLIH SR 0)( MR XLI W[MXGL MPPYQMREXIW 4VIWW W[MXGL EKEMR 6SXEXMRK FIEGSR MW
PAGE 54
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW 3TIVEXMRK ERH GSRXVSP IPIQIRXW 7 z (IGVIEWI WTIIH 4VIWW W[MXGL 7TIIH [MPP FI HIGVIEWIH F] SRI PIZIP % WIGSRH 0)( JVSQ XLI VMKLX KSIW SYX MR HMWTPE] 4 7 z 7YTIV *MRMWL UYERXMX] VIHYGXMSR 4VIWW W[MXGL 8LI UYERXMX] VIHYGXMSR WIX YWMRK XLI STIVEXSVvW QIRY MW EGXMZI 0)( MR XLI W[MXGL MPPYQMREXIW 8LI W]QFSP ETTIEVW MR XLI 8- JMIPH MJ UYERXMX] VIHYGXMSR ! 4VIWW W[MXGL EKEMR 5YERXMX] VIHYGXMSR MW HIEGXMZEXIH 0)( MR XLI W[MXGL KSIW SYX -J XL
PAGE 55
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR 3TIVEXMRK ERH GSRXVSP IPIQIRXW ' 0'( WGVIIR 4 'SSPERX XIQTIVEXYVI HMWTPE] VIH EVIE ( 1IRY GSRXVSP FYXXSRW 4 , 8IPPXEPI PMKLX IRKMRI SMP TVIWWYVI 4 *YIP PIZIP HMWTPE] VIH EVIE , 8IPPXEPI PMKLX FEXXIV] 7 &EGO FYXXSR *YIP PIZIP HMWTPE] , 8IPPXEPI PMKLX MRHMGEXSV 7 (S[R FYXXSR , 8IPPXEPI PMKLX TEVOMRK FVEOI 7 9T FYXXSR , 8IPPXEPI PMKLX WIVZMGI FVEOI EGGY QYPEXSV TVIWWYVI 7 1IRY FYXXSR %VIE % %REPSK ZEPYI HMWTP
PAGE 56
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW 3TIVEXMRK ERH GSRXVSP IPIQIRXW %VIE & -RHMGEXSV PMKLXW , z -RHMGEXSV PMKLX PS[ IRKMRI SMP TVIWWYVI 8LI MRHMGEXSV PMKLX MPPYQMREXIW MJ XLI IRKMRI SMP TVIWWYVI HVSTW FIPS[ E KMZIR ZEPYI HY VMRK QSVI XLER WIGSRHW [LIR XLI QEGLMRI MW STIVEXMRK 8LI FY^^IV MR XLI GEF EPWS WSYRHW ;LIR XLMW MRHMGEXSV PMKLX MPPYQMREXIW XLI IVVSV [MPP FI WEZIH EW IVVSV GSHI ) &VMRK XLI IRKMRI XS E PS[ MHPI MQQIHMEXIP] 7[MXGL SJJ XLI IRKMRI MQQIHMEXIP] -J XLI TVIWWYVI VIQ
PAGE 57
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR 3TIVEXMRK ERH GSRXVSP IPIQIRXW z 7 9T FYXXSR z 7 1IRY FYXXSR ! 'LERKI JVSQ QEMR XS WYFQIRYW 8LIWI FYXXSRW GER FI YWIH XS NYQT JVSQ XLI QEMR QIRY XS XLI WYFQIRYW SV XS QSZI JVSQ TEKI XS TEKI %VIE ' 0'( 7GVIIR 8S GLERKI XLI WGVIIR GSRXVEWX 4VIWW FYXXSR 1IRY ERH EVVS[ FYXXSR 9T LMKLIV GSRXVEWX SV (S[R PS[IV GSRX VEWX WMQYPXERISYWP] 8LI ZEPYI WIX [MPP FI WEZIH 8S EPXIV XLI FVMKLXRIWW SJ XLI QEMR WGVIIR 4VIWW FYXXSR &EGO ERH EVVS[ FYXXSR 9T
PAGE 58
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW 3TIVEXMRK ERH GSRXVSP IPIQIRXW )' 'EFPI IVVSV HMWTPE] 7= 7]QFSPW -2* -RJSVQEXMSR 8- 3TIVEXMRK XMQIW *MK 8SSP 'SRXVSP QEMR WGVIIR STXMSREP IUYMTQIRX )' 'EFPI IVVSV HMWTPE] 7= 7]QFSPW -2* -RJSVQEXMSR 8- 3TIVEXMRK LSYVW HEMP] STIVEXMRK LSYVW GYVVIRX [SVO IUYMTQIRX 8SSP 'SRXVSP 1EMR WGVIIR HIWMKR 7= JMIPH 8LI YTIV JMIPH SJ XLI QSRMXSV WLS[W SR XLI SRI LERH [EVRMRH ERH MRHMGEXSV W]QFSPW SR XLI SXLIV LERH E GPSGO MJ RS QSVI XLER [E
PAGE 59
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR 3TIVEXMRK ERH GSRXVSP IPIQIRXW 8- JMIPH 8LI QEGLMRI STIVEXMRK LSYVW ERH XLI HEMP] STIVEXMRK LSYVW GSYRXIV EVI HMWTPE]IH FSXXSQ VMKLX MR XLMW JMIPH 8LI W]QFSP MRHMGEXIW XLEX E UYERXMX] PMQMXEXMSR MW EGXMZI JSV XLI TYQTW WMILI 7XE XYW SJ L]HVEYPMG TYQTW ERH IPIGXVMGEP MRTYXW ERH SYXTYXW QIRY EYJ 7IMXI 8- JMIPH STXMSREP IUYMTQIRX 8SSP 'SRXVSP 8LI QEGLMRI STIVEXMRK LSYVW ERH XLI HEMP] STIVEXMRK LSYVW GSYRXIV EVI HMWTPE]IH FSXXSQ VMKLX MR XLMW JMIPH
PAGE 60
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW 3TIVEXMRK ERH GSRXVSP IPIQIRXW 'EYXMSR 8LMW QSRMXSVMRK HIZMGI EGXW EW ER MRGVIEWIH PIZIP SJ WIGYVMX] MR GEWI SJ PEVKIV EQSYRXW SJ [EXIV PSWW IK LSWI VYTXYVI -X HSIW RSX VIPMIZI XLI STIVEXSV SV QEMRXI RERGI TIVWSRRIP JVSQ XLI VIWTSRWMFMPMX] SJ VIKYPEVP] GLIGOMRK XLI GSSPERX PIZIP MR XLI IUYEPM^MRK VIWIVZSMV ) z'SSPERX SZIVLIEX 8LMW W]QFSP ETTIEVW WMQYPXERISYWP] [MXL XLI 4 GSSPERX XIQTIVEXYVI HMWTPE] ) z,]HVEYPMG SMP PIZIP PS[ 8LMW W]QFSP ETTIE
PAGE 61
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR 3TIVEXMRK ERH GSRXVSP IPIQIRXW 4VILIEXMRK SJJ 4VILIEXMRK [MPP WXST EYXSQEXMGEPP] EJXIV EFSYX WIGSRHW ERH XLI W]QFSP 4VI LIEX SJJ ETTIEVW JSV ETTVS\ WIGSRHW SR XLI QEMR WGVIIR 1ERYEP HMIWIP WTIIH EHNYWXQIRX 8LMW W]QFSP ETTIEVW MJ XSKKPI W[MXGL 7 JSV QERYEP WTIIH EHNYWXQIRX MW XSKKPIH XS XLI 1ERY TSWMXMSR 7IVZMGI HYI 8LMW W]QFSP ETTIEVW MJ E WIVZMGI MRXIVZEP MW HYI 7[MXGL SR XLI MKRMXMSR 8LI WIVZMGI MRXIVZEP XS FI GEVVMIH SYX [MPP FI HMWTPE]IH JSV
PAGE 62
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW 3TIVEXMRK ERH GSRXVSP IPIQIRXW WGVIIR 1EMR WGVIIR QIRY WIPIGXMSR *MK 1EMR WGVIIR 8S GLERKI XS XLI STIVEXSVvW QIRY XLI QEMR WGVIIR QYWX FI ZMWMFPI 4VIWW XLI 1IRY FYXXSR SR XLI QEMR WGVIIR 8LI PMWX SJ EGGIWWMFPI QIRYW MW HMWTPE]IH *MK 1IRY WIPIGXMSR MR XLI STIVEXSVvW QIRY 8S WIPIGX XLI STIVEXSVvW QIRY 4VIWW EVVS[ OI] (S[R SV 9T 8LI JSPPS[MRK SV TVIZMSYW STIVEXSVvW QIRY [MPP FI HMWTPE]IH SR WGVIIR [MXL E FPEGO FEGOKVSYRH 8LI WIPIGXIH QI
PAGE 63
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR 3TIVEXMRK ERH GSRXVSP IPIQIRXW 7]QFSP (IWGVMTXMSR 'LERKI [SVO WTIIH XS 7* QSHI 'SRJMVQ WIVZMGI MRXIVZEP 7IPIGX UYERXMX] PMQMXEXMSR VIPEXMRK XS EXXEGLQIRXW IK LEQQIV 3TIVEXMRK LSYVW ERH HIZMGI HEXE 7XEXYW SJ L]HVEYPMG TYQTW ERH IPIGXVMGEP MRTYXW ERH SYXTYXW 6IGSVHIH ERH WXSVIH IVVSVW 8MQI WIX 8EF 8EF 3ZIVZMI[ SJ QIRY STXMSRW 6IWIX HEMP] STIVEXMRK LSYVW GSYRXIV QIRY 8LI HEMP] STIVEXMRK LSYVW GSYRXIV GER FI VIWIX XS YWMRK XLMW QIRY *MK
PAGE 64
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW 3TIVEXMRK ERH GSRXVSP IPIQIRXW 8S I\MX XLI QIRY 4VIWW XLI &EGO FYXXSR 8LI WYFQIRY [MPP FI EFSVXIH 'LERKI [SVO WTIIH XS 7* QSHI QIRY 8LI [SVO WTIIH SJ XLI I\GEZEXSV IUYMTQIRX GER FI WIX YWMRK XLMW QIRY *MK ;SVO WTIIH XS 7* QSHI QIRY %W WSSR EW XLMW QIRY MW ZMWMFPI SR XLI QEMR WGVIIR z 7[MXGL 7 7YTIV *MRMWL MW EGXMZEXIH z 8LI [SVO WTIIH GER FI XIWXIH MQQIHMEXIP] YWMRK XLI NS]WXMGO 8S WIX XLI [SVO WTIIH 4VIWW W[MXGL 7 4VIWW XLI 9T SV (S
PAGE 65
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR 3TIVEXMRK ERH GSRXVSP IPIQIRXW *MK 7IVZMGI MRXIVZEPW QIRY 8LI STIVEXMRK LSYVW SJ XLI RI\X WIVZMGI MRXIVZEP MR XLMW I\EQTPI w ,VWx ERH XLI GYVVIRX STIVEXMRK LSYVW w ,VWx EVI HMWTPE]IH MR XLI QIRY % TIRHMRK WIVZMGI MRXIVZEP GER FI GSRJMVQIH E QE\MQYQ SJ STIVEXMRK LSYVW FIJSVI XLI WIVZMGI MRXIVZEP MW HYI ;LIR XLMW XMQI TIVMSH LEW FIIR VIEGLIH E UYIV] [MPP ETTIEV XS EWO [LIXLIV XLI WIV ZMGI [SVO LEW FIIR GEVVMIH SYX 7IVZMGI [SVO GEVVMIH
PAGE 66
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW 3TIVEXMRK ERH GSRXVSP IPIQIRXW QIRX MW GLERKIH 4VIWW XLI 1IRY FYXXSR 8LI WIPIGXMSR MW GSRJMVQIH 8LI EVVS[ HMWTPE]W XLI GYVVIRX WIPIGXMSR 8S I\MX XLI QIRY 4VIWW XLI &EGO FYXXSR 8LI WYFQIRY [MPP FI EFSVXIH 1IRY 8SSP 'SRXVSP 7IXXMRK GLSMGI JSV [SVO IUYMTQIRX STXMSREP IUYMTQIRX %PPSGEXMSR SJ JPS[ ERH TVIWWYVI PMQMXEXMSR STXMSRW XS I\XIVREP MRTYX - -R XLMW QIRY XLI YWIV GER GLSSWI FIX[IIR TVIHIJMRIH STXMSRW *SV IEGL STXMSR E TVIWWYVI PMQMXEXMSR ERH E
PAGE 67
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR 3TIVEXMRK ERH GSRXVSP IPIQIRXW 3R QEMR WGVIIR XLI WTIGMJMIH EXXEGLQIRX MW WLS[R M I 3TXMSR XLI GLSS WIR TVIWWYVI JPS[ GSQFMREXMSR MW EZEMPEFPI 8LI IUYMTQIRX [MPP FI STIVEXIH [MXL VIHYGIH L]HVEYPMG TVIWWYVI ERH JPS[ *MK 1EMR WGVIIR WLS[MRK XLI GLSSWIR EXXEGLQIRX GLSSWIR 3TXMSR ;SVO IUYMTQIRX 7]QFSP 6 ETTIEVW [LMPI XLI EXXEGLQIRX MW STIVEXIH [MXL VIHYGIH JS[ ERH TVIWWYVI 2SXI 0MIFLIVV EW LMW GPMIRX WIVZMGI GER EW VIUYIWXIH
PAGE 68
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW 3TIVEXMRK ERH GSRXVSP IPIQIRXW *MK 7IVZMGI PMJI JSV XVEZIPPMRK QSXMSR QIRY 4VIWW XLI 1IRY FYXXSR 4EKI MW HMWTPE]IH 4EKI TVSZMHIW XLI WIVZMGI PMJI MR LSYVW JSV z )UYMTQIRX QSZIQIRXW YWMRK XLI NS]WXMGO z 8VEZIPPMRK QSXMSR YWMRK XLI EGGIPIVEXSV TIHEP MR GVE[PMRK ERH JEWX QSHIW 4VIWW XLI 1IRY FYXXSR EKEMR 4EKI MW HMWTPE]IH 4EKI TVSZMHIW XLI WIVZMGI PMJI MR LSYVW JSV z 7PI[MRK QSZIQIRXW SJ XLI WPI[MRK KIEV RS EGXMZEXMSR JVSQ HIZMGI X]TI %
PAGE 69
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR 3TIVEXMRK ERH GSRXVSP IPIQIRXW 8LI XIGLRMGEP HEXE QIRY TEKI TVSZMHIW MRJSVQEXMSR SR z 8LI I\GEZEXSV X]TI MRGPYHMRK X]TI ERH WIVMEP RYQFIV X]TI WIVMIW z 8LI HIWMKR GSRHMXMSR SJ XLI GSRXVSP [LMGL MW GYVVIRXP] FYMPX MR ZIV z 8LI VEXIH WTIIH ERH XLI RYQFIV SJ XIIXL SR XLI WXEVXIV GVS[R RSQ z 8LI GYVVIRX STIVEXMRK ZSPXEKI ZSPX 4VIWW XLI 1IRY FYXXSR EKEMR 4EKI MW HMWTPE]IH 8S I\MX XLI QIRY 4VIWW XLI &EGO FYXXSR 8LI WYFQIRY [MPP FI EFSVXIH 7XEXYW SJ
PAGE 70
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW 3TIVEXMRK ERH GSRXVSP IPIQIRXW TEKI 4VIWW XLI 1IRY FYXXSR EKEMR 4EKI MW HMWTPE]IH 8LI GYVVIRX TS[IV SJ TVSTSVXMSREP ZEPZI ): JSV JER WTIIH GSRXVSP EX XLI L]HVSWXEXMG JER HVMZI MW HMWTPE]IH SR TEKI *MK )PIGXVMGEP MRTYXW 4VIWW XLI 1IRY FYXXSR EKEMR 4EKI MW HMWTPE]IH 4VIWW XLI 1IRY FYXXSR EKEMR 4EKI MW HMWTPE]IH 4EKIW ERH TVSZMHI ER SZIVZMI[ SJ XLI WXEXYW SJ HMJJIVIRX IPIGXVMGEP MRTYXW % w x QIERW -RTYX RSX EGXMZI % w xQIER
PAGE 71
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR 3TIVEXMRK ERH GSRXVSP IPIQIRXW PMWXIH z &] WIPIGXMRK PMWX 7 )\\\ EPP IVVSVW [LMGL ETTIEVIH [LIR XLI WIVZMGI GSRRIGXSV [EW GSRRIGXIH EVI PMWXIH 8S WIPIGX XLI HIWMVIH IVVSV X]TI 4VIWW XLI (S[R SV 9T EVVS[ OI] 8LI JSPPS[MRK SV TVIGIHMRK IVVSV X]TI [MPP FI HMWTPE]IH [MXL E FPEGO FEGO KVSYRH 4VIWW XLI 1IRY FYXXSR 8LI WYFQIRY SR E FPEGO FEGOKVSYRH [MPP FI HMWTPE]IH -J QSVI XLER IVVSV GSHIW EVI TVIWIRX EVVS[ OI] (S[R SV 9T GER FI YWIH XS WGVSPP XS XLI RI
PAGE 72
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW 3TIVEXMRK ERH GSRXVSP IPIQIRXW 'EFPI IVVSV PMWX ) IPIG *MK 3GGYVVIRGI SJ IPIGXVMGEP IVVSV *MK PIJX ERH )VVSV WXEXMWXMGW *MK VMKLX 7IPIGX 'EFPI IVVSV PMWX ) IPIG 4VIWW XLI 1IRY FYXXSR 8LI WYFQIRY ETTIEVW %PP IPIGXVMGEP IVVSVW ERH XLIMV IVVSV GSHI EVI PMWXIH 8LI w8IWXx GSPYQR HMWTPE]W XLI RYQFIV SJ IVVSVW [LMGL LEZI SGGYVVIH WMRGI XLI PEWX HIPIXMSR 8LI LSYV MRJSVQEXMSR VIWIX XIWX EX \ ,VW I K ,VW MRHMGEXIW XLI STIVEXMRK LSYV MR [L
PAGE 73
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR %GGIWW ERH IUYMTQIRX SJ XLI GEF 7IX XMQI QIRY *MK 7IX XMQI QIRY %JXIV WIPIGXMSR SJ XLI JYRGXMSR XLI HMKMX GSQTPIXIP] VMKLX MW MRZIVWIP] HMWTPE]IH 4VIWW OI] 94 SV (3;2 XS EHNYWX XLI WIPIGXIH HMKMX 4VIWW 1)29 OI] 8LI QEVOMRK NYQTW SRI TSWMXMSR XS XLI PIJX 6ITIEX TVSGIIHMRK YRXMP XLI XMQI MW EHNYWXIH 4VIWW XLI )RXIV OI] 8LI RI[ XMQI MW GSRJMVQIH ERH XLI HVMZIV HMWTPE] ETTIEVW EKEMR %GGIWW ERH IUYMTQIRX SJ XLI GEF 7EJIP] KIXXMRK YT z 4V
PAGE 74
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW %GGIWW ERH IUYMTQIRX SJ XLI GEF z 2S[ GSRXMRYI XS GPMQF YT WXMPP YWMRK XLI XLVII TSMRX WYTTSVX ERH WMX HS[R MR XLI STIVEXSVvW WIEX EW WSSR EW ]SY IRXIV XLI GEF z 'PSWI XLI HSSVW ERH JEWXIR XLI WEJIX] FIPX MJ EZEMPEFPI YRPSGO XLI HSSV YWMRK XLI TPERRIH PIZIV ERH GPSWI MX MQQIHMEXIP] YWMRK XLI HSSV LERHPI FIJSV XMPXMRK HS[R XLI WEJIX] PIZIV ERH WXEVX XLI QEGLMRI z -J ]SY [MWL XS [SVO [MXL XLI HSSV STIR MX MW RIGIWWEV] XS JEWXIR ]SYV WEJIX] FIPX -
PAGE 75
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR %GGIWW ERH IUYMTQIRX SJ XLI GEF )RXIVMRK SV PIEZMRK XLI GEF 'PMQFMRK YT 'EYXMSR )RXIVMRK SV PIEZMRK XLI GEF MRGSVVIGXP] GSYPH PIEH XS MRNYV] 4VSGIIH [MXL XLI WEQI EXXIRXMSR SR I\MX SV IRXV] SJ XLI GEF EW [LMPI GPMQFMRK XLI QEGLMRI )RWYVI XLEX XLI WEJIX] PIZIV MW EP[E]W MR MXW LMKLIWX TSWMXMSR [LIR IRXIVMRK SV PIE ZMRK XLI GEF %P[E]W YWI XLI LERHLSPHW TVSZMHIH JSV XLI TYVTSWI [LIR IRXIVMRK SV PIEZMRK XLI QEGLMRI *EGI XLI QEGLMRI [LIR KIXXMRK MR S
PAGE 76
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW %GGIWW ERH IUYMTQIRX SJ XLI GEF -J XLI HSSV MW XS VIQEMR STIR HYVMRK STIVEXMSRW W[MRK XLI HSSV FEGO ERH WI GYVI MR XLI PEXGL 'PMQF MR [MXL ]SYV JEGI XS[EVHW XLI QEGLMRI ERH WMX MR XLI STIVEXSVvW WIEX %HNYWX XLI WIEX ERH WXIIVMRK GSPYQR MJ RIGIWWEV] +IXXMRK SYX 'EYXMSR )RXIVMRK SV PIEZMRK XLI GEF MRGSVVIGXP] GSYPH PIEH XS MRNYV] 4VSGIIH [MXL XLI WEQI EXXIRXMSR SR I\MX SV IRXV] SJ XLI GEF EW [LMPI GPMQFMRK XLI QEGLMRI )RWYVI XLEX XLI WEJIX] PIZ
PAGE 77
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR %GGIWW ERH IUYMTQIRX SJ XLI GEF 'PSWI XLI HSSV ,IMKLX EHNYWXEFPI GEF STXMSREP I\XVE % L]HVEYPMGEPP] EHNYWXEFPI GEF MW ER EY\MPMEV] HIZMGI IREFPMRK XLI GEF XS FI ZEVMEFP] LIMKLX EHNYWXIH (ERKIV ;LIR XLI GEF MW VEMWIH XLI VSYXI XLI QEGLMRI [MPP FI XVEZIPMRK QYWX FI IZIR JVII SJ EPP SFWXVYGXMSRW ERH QYWX RSX LEZI E KVEHMIRX XLEX GSYPH EJJIGX XLI WXEFMPMX] SJ XLI QEGLMRI 3RP] EHNYWX XLI GEF [LIR XLI QEGLMRI MW WXEXMSREV] )RWYVI XLEX RS TIVWSRW EV
PAGE 78
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW %GGIWW ERH IUYMTQIRX SJ XLI GEF )QIVKIRG] GEF PS[IVMRK JVSQ SYXWMHI XLI GEF *MK )QIVKIRG] GEF PS[IVMRK FYXXSR MR XLI FEXXIV] VSSQ -X MW TSWWMFPI XS PS[IV XLI GEF YWMRK ER IQIVKIRG] PS[IVMRK FYXXSR SR XLI SYXWMHI SJ XLI QEGLMRI (ERKIV (ERKIV SJ GVYWLMRK )RWYVI XLEX RSSRI MW WXERHMRK MR XLI ZMGMRMX] SJ XLI PMJXMRK JVEQI [LIR PS[IVMRK XLI GEF JVSQ XLI SYXWMHI MR ER IQIVKIRG] )RWYVI XLEX ]SY HS RSX TPEGI ER] TEVX SJ XLI FSH] MR XLI EVIE SJ XLI QSZ
PAGE 79
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR %GGIWW ERH IUYMTQIRX SJ XLI GEF 7EJIX] PIZIV *MK 7EJIX] PIZIV *SV WEJIX] TYVTSWIW XLI PIJX GSRXVSP TERIP MW TVSZMHIH [MXL E WEJIX] PIZIV 'EYXMSR 8LI WEJIX] PIZIV QYWX EP[E]W FI TYWLIH YT MRXS MXW LMKLIWX TSWMXMSR WII EVVS[ [LIR IRXIVMRK SV I\MXMRK XLI GEF ;LIR XLI WEJIX] PIZIV MW TYWLIH YT XLI TMPSX GSRXVSP GMVGYMX MW HMWGSRRIGXIH 8LMW QIERW XLEX z 2S [SVO QSZIQIRXW GER FI GEVVMIH SYX [LIR TMPSX GSRXVSP HIZMGIW I K XLI NS] WXMGO
PAGE 80
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW %GGIWW ERH IUYMTQIRX SJ XLI GEF 3TIVEXSVvW WIEX *MK 7XERHEVH STIVEXSVv WIEX *MK PIJX ERH EMV GYWLMSRIH *MK VMKLX STXMSREP I\XVE 7IX LSVM^SRXEP YTTIV F 7IX WIEX MRGPMREXMSR VIEV 7IX PYQFEV WYTTSVX 7IX LSVM^SRXEP PS[IV 7IX WIEX WTVMRKW 7IEX LIEXMRK %HNYWX EVQVIWXW 7IX PYQFEV WYTTSVX 7IX FEGOVIWX E 7IX WIEX MRGPMREXMSR JVSRX 8LI STIVEXSVvW WIEX WLSYPH FI WIX YT FIJSVI WXEVXMRK XLI QEGLMRI XLMW QIER
PAGE 81
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR %GGIWW ERH IUYMTQIRX SJ XLI GEF 7IXXMRK XLI WIEX ERH FEGOVIWX *MK 7IXXMRK XLI WIEX ERH FEGOVIWX 6IEV WIEX MRGPMREXMSR 4YPP PIZIV E YT WIX XLI MRGPMREXMSR ERH VIPIEWI XLI PIZIV *VSRX WIEX MRGPMREXMSR 4YPP PIZIV F YT WIX XLI MRGPMREXMSR ERH VIPIEWI XLI PIZIV &EGOVIWX 4YPP PIZIV YT WIX XLI MRGPMREXMSR ERH VIPIEWI XLI PIZIV 7IXXMRK XLI LSVM^SRXEP WIEX TSWMXMSR *MK 7IXXMRK XLI LSVM^SRXEP 4YPP YT XLI PIZIV XS TYWL XLI STIVEXSV W WI
PAGE 82
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW %GGIWW ERH IUYMTQIRX SJ XLI GEF 7IXXMRK XLI WIEX WTVMRKW *MK 7IXXMRK XLI WIEX WTVMRKW 9WI XLI VSXEV] ORSF XS WIX XLI WIEX WTVMRKW XS QEXGL XLI FSH] [IMKLX 3TXMSRW WIXXMRK STXMSREP I\XVEW *MK 7[MXGL FEV SR XLI EMV GYWLMSRIH STIVEXSVvW WIEX 8S WIX XLI ZMFVEXMSR HEQTMRK 4VIWW FYXXSR SV ERH WIX XLI ZMFVEXMSR W]WXIQ EGGSVHMRK XS FSH] [IMKLX 8S WIX XLI PYQFEV WYTTSVX 4VIWW FYXXSR SV XS MRJPEXI SV HIJPEXI XLI PS[IV PYQFEV G
PAGE 83
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR %GGIWW ERH IUYMTQIRX SJ XLI GEF 4YXXMRK SR VIPIEWMRK XLI WEJIX] FIPX *MK 7EJIX] FIPX 8LI WEJIX] FIPX MW EYXSQEXMG -X MW RSX RIGIWWEV] XS EHNYWX XLI PIRKXL SJ XLI FIPX 4YPP XLI FIPX ERH FYGOPI SYX SJ XLI VSPPIV QSYRX -J TYPPIH SYX SJ XLI VSPPIV QSYRX WLEVTP] XLI FIPX QE] PSGO 4YWL XLI FYGOPI MRXS XLI FIPX PSGO YRXMP MX JEWXIRW (ERKIV 8LI WEJIX] FIPX MW HIWMKRIH XS TVSXIGX XLI STIVEXSV &IJSVI WXEVXMRK XLI QEGLMRI EP[E]W JEWXIR XLI WEJIX]
PAGE 84
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW %GGIWW ERH IUYMTQIRX SJ XLI GEF ;MRHWGVIIR *MK ;MRHWGVIIR 8LI [MRHWGVIIR GER FI TSWMXMSRIH MR X[S [E]W z 4SWMXMSR E ;MRHS[ GPSWIH z 4SWMXMSR F ;MRHS[ JYPP] STIRIH PSGOIH MR TPEGI SR XLI VSSJ SJ XLI GEF 4YPP FEV MR ERH HS[R 8LI [MRHS[ MW YRPSGOIH 1SZI XLI [MRHWGVIIR [MXL XLI FVEGOIX WIGYVI MR SRI SJ XLI X[S [MRHS[ TSWMXM SRW E SV F ERH VIPSGO YWMRK FEV 7YR ZMWSV 8LI GEF MW TVSZMHIH [MXL E WYR ZMWSV [MGL GER FI STIRIH
PAGE 85
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR %GGIWW ERH IUYMTQIRX SJ XLI GEF 3TIR XLI WYR ZMWSV SR PIJX HSSV KPEWW 8LI WYR ZMWSV GER FI WIX JSV MRHMZMHYEP YWI -RXIVMSV PMKLXMRK 7EJIX] LEQQIV *MK -RXIVMSV PMKLXMRK WEJIX] LEQQIV 8LI MRXIVMSV PMKLXMRK ERH XLI WEJIX] LEQQIV EVI PSGEXIH SR XLI GEF KPEWW VMKLX FIEQ -RXIVMSV PMKLXMRK 3RI TYWL SRXS XLI PMKLX KPEWW 8LI PMKLX MW W[MXGLIH SR SJJ 7EJIX] LEQQIV 3R IQIVKIRG] GEWI XLI WEJIX] LEQQIV GER FI YWIH XS FVIEO SRI SJ XLI GE
PAGE 86
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW %GGIWW ERH IUYMTQIRX SJ XLI GEF ;MRHWGVIIR [MTIV ;MRHWGVIIR [MTIV ;LIR XLI MKRMXMSR MW W[MXGLIH SR TVIWWMRK W[MXGL 7 [MPP EGXMZEXI XLI [MRHWGVIIR [MTIV 4VIWW W[MXGL -RXIVQMXXIRX W[MXGLMRK 0)( - MR XLI W[MXGL MPPYQMREXIW 4VIWW W[MXGL EKEMR 'SRXMRYSYW STIVEXMSR 0)( ' MR XLI W[MXGL MPPYQMREXIW 0)( - MR XLI W[MXGL KSIW SYX 4VIWW W[MXGL EKEMR ;MRHWGVIIR [MTIV MW W[MXGLIH SJJ 0)( ' MR XLI W[MXGL KSIW SYX 7IXXMRK XLI MRXIVZEP XMQI JSV XLI MRXIVQ
PAGE 87
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR %GGIWW ERH IUYMTQIRX SJ XLI GEF ;MRHWGVIIR [EWLMRK JPYMH GSRXEMRIV *MK ;MRHWGVIIR [EWLMRK JPYMH GSRXEMRIV 8LI GSRXEMRIV JSV XLI [MRHWGVIIR [EWLMRK JPYMH MW PSGEXIH EX XLI VIEV SJ XLI GEF 3RGI XLI GSZIV WII EVVS[ LEW FIIR STIRIH XLI GSRXEMRIV GER FI VIJMPPIH [MXL SV HMREV] [MRHWGVIIR [EWLMRK JPYMH :SPYQI WII PYFVMGERX GLEVX ;MRHS[ [EWLIV SR XLI GEF VSSJ STXMSREP I\XVE *MK ;MRHS[ [EWLIV SR GEF VSSJ 4VIWWMRK W[MXGL 7 SR XLI VMKLX GSRX
PAGE 88
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW %GGIWW ERH IUYMTQIRX SJ XLI GEF 0MKLXMRK *MK %VVERKIQIRX SJ PMKLXMRK (VMZMRK PMKLX 6SXEXMRK FIEGSR STXMSREP I\XVE )UYMTQIRX LIEHPMKLXW ,IEHPMKLXW SR FEPPEWX [IMKLX STXMS REP I\XVEW *VSRX VSSJ LIEHPMKLX STXMSREP I\XVE 6SSJ LIEHPMKLXW VIEV STXMSREP I\XVE (VMZMRK PMKLX IUYMTQIRX LIEHPMKLX 8LI HVMZMRK PMKLX ERH XLI IUYMTQIRX LIEHPMKLX EVI W[MXGLIH SR F] TVIWWMRK W[MXGL 7 4VIWW XLI W[MXGL (VMZMRK PMKLX MW EGXMZEX
PAGE 89
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR %GGIWW ERH IUYMTQIRX SJ XLI GEF 4VIWW XLI W[MXGL %HHMXMSREP LIEHPMKLXW EVI W[MXGLIH SR 0)( MR W[MXGL MPPYQMREXIW 4VIWW W[MXGL EKEMR %HHMXMSREP LIEHPMKLXW EVI W[MXGLIH SJJ 0)( MR XLI W[MXGL KSIW SYX 6SXEXMRK FIEGSR STXMSREP I\XVEW 4VIWWMRK W[MXGL 7 W[MXGLIW SR XLI VSXEXMRK FIEGSR [LIR XLI MKRMXMSR MW SR 4VIWW W[MXGL 6SXEXMRK FIEGSR JPEWLIW 0)( MR W[MXGL MPPYQMREXIW 4VIWW W[MXGL EKEMR 6SXEXMRK FIEGSR MW W[MXGLIH SJJ 0)( MR XLI W[MXGL KSIW SYX 6S
PAGE 90
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW %GGIWW ERH IUYMTQIRX SJ XLI GEF 7 ,IEXMRK VIKYPEXMSR 7 %MV GSRHMXMSRIV XLIVQSWXEX 'EF ZIRXMPEXMSR 8LI ZIRXMPEXMSR 641 MW EHNYWXEFPI YWMRK TSWMXMSRW VSXEXMRK ORSF 7 WMILI *MK 4SWMXMSR FPS[IV JER MW XYVRIH SJJ 4SWMXMSR XS ZIRXMPEXMSR QSXSV EHNYXW MXW 641 EGGSVHMRK HMJJIVIRX TS[IV TSWM XMSRW 8LI JVIWL EMV IRXIVW XLI GEF ZME PSYZIVW EX XLI WIEX GSRWSPI EX XLI MRWXVYQIRX TE RIP ERH EX XLI VIEV [EPP SJ XLI GEF 6IGMVGYPEX
PAGE 91
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR %GGIWW ERH IUYMTQIRX SJ XLI GEF *MK *VSRX TSWMXMSRW SJ PSYZIVW ERH MRXS XLI VIEV [EPP SJ XLI GEF 6IGMVGYPEXIH EMV JPS[ 6 ERH JVIWL EMV JPS[ * ,IEXIV STIVEXMSR 8LI VIKYPEXSV 7 MRXS TSWMXMSR XLI LIEXMRK MW SJJ 6SXEXMSR SJ XLI VIKYPEXMSR ORSF SRXS HIWMVIH LIEXMRK TS[IV 8LI LIEXMRK MW SR -J XLI ZIRXMPEXMSR VIKYPEXSV 7 MW MR TSWMXMSR SR LIEXMRK WXEVX XLI ZIRXMPEXMSR [MPP EYXSQEXMGEPP] WXEVXW MR TSWMXMSR 6 0MXVSRMG
PAGE 92
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW %GGIWW ERH IUYMTQIRX SJ XLI GEF 6IQEVO *SV ER STXMQEP GSQJSVX [LMPI LIEXMRK YWI PSYZIVW JIIX PIZIP ERH JVSRX [MRHW LMIPH %MV GSRHMXMSRIV STIVEXMSR 8LI HMIWIP QSXSV QYWX FI WXEVXIH -R TSWMXMSR SJ XLIVQSWXEX 7 XLI EMV GSRHMXMSRIV MW SJJ 6SXEXMSR SJ XLI VIKYPEXMSR ORSF XS XLI HIWMVIH VSSQ XIQTIVEXYVI VIKYPEXMSR VERKI FIX[IIR ' ERH ' XLI EMV GSRHMXMSRIV MW WXEVXIH -J VIUYMVIH XLI IPIGXVSRMG GSRXVSP W]WXIQ [MPP XYVR XLI GSQTVIWWSV S
PAGE 93
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR 3TIVEXMSR ;LMPI TVSPSRKIH TIVMSH SJ WXST XLI WLEJX WIEPMRK SJ XLI GSQTVIWWSV GER FI HEQ QEKIH XVYI ZMFVEXMSRW -J XLI EMV GSRHMXMSRIV MW WXSTTIH JSV E PSRKIV TIVMSH 9WI XLI GSQTVIWWSV JSV E WLSVX XMQI IZIV] [IIOW YWMRK XLIVQSWXEX 7 -J XLI LIEXMRK MH WXSTTIH JSV E PSRKIV TIVMSH SR WYQQIV XMQI 7LYX SJJ XLI [EVQ [EXIV GMVGYMX ZEPZIW SR XLI HMIWIP IRKMRI WMILI *MK 3TIVEXMSR 7EJIX] MRWXVYGXMSRW &VMRKMRK XLI QEGLMRI WEJIP] MRXS WIVZMG
PAGE 94
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW 3TIVEXMSR VYRRMRK ERH WPI[MRK KIEV FVEOIW XLI WXIIVMRK ERH XLI WMKREPMRK ERH PMKLXMRK HI ZMGIW 7XSTTMRK XLI QEGLMRI WEJIP] z 3RP] WXST XLI QEGLMRI SR PIZIP JMVQ KVSYRH z -J XLI QEGLMRI LEW XS FI WXSTTIH SR ER MRGPMRI GLSGOW WLSYPH FI YWIH XS WIGYVI MX JVSQ VSPPMRK E[E] z 9WI XLI WXST FSPXW XS WIGYVI XLI YTTIV WXVYGXYVI JEGMRK XLI GLEWWMW MJ EZEMPEFPI z 0S[IV XLI IUYMTQIRX ERH ERGLSV XLI KVEF PMKLXP] MR XLI KVSYRH z 4SWMXMSR IZIV] GSRX
PAGE 95
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR 3TIVEXMSR TIVEXYVI z Q KIRIVEPP] z Q ERH I\XIVMSV XIQTIVEXYVI YT XS ' z Q ERH I\XIVMSV XIQTIVEXYVI YT XS ' z Q ERH I\XIVMSV XIQTIVEXYVI YT XS ' 4E] EXXIRXMSR XS FSXL XLI GSSPERX GMVGYMX ERH XLI L]HVEYPMG SMP GSSPMRK WMQYPXERISYWP] %GXMZMXMIW FIJSVI WXEVXMRK 'EYXMSR -X MW SRP] TSWWMFPI XS I\XMRKYMWL E WSYVGI SJ JMVI MJ MX MW EGGIWWMFPI &IJSVI WXEVXMRK YRPSGO EPP PSGOW SR XLI TERIPPMRK SJ XLI L]HVEYPMG I\GEZEXSV -R XLI
PAGE 96
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW 3TIVEXMSR 7[MXGLMRK SR XLI IPIGXVMGEP W]WXIQ 8LI QEMR FEXXIV] W[MXGL QYWX FI MR TSWMXMSR SR 8YVR XLI MKRMXMSR OI] XS GSRXEGX TSWMXMSR %W WSSR EW XLI MKRMXMSR MW W[MXGLIH SR ER EYXSQEXMG GLIGO SJ XLI OI]TEH ERH XLI QSRMXSVMRK HMWTPE] XEOIW TPEGI 2SXI --J RS EYXSQEXMG GLIGO SJ XLI OI]TEH ERH QSRMXSVMRK WGVIIR MW GEVVMIH SYX [LIR XLI MMKRMXMSR OI] MW MR XLI GSRXEGX TSWMXMSR GLIGO XLEX XLI QEMR FEXXIV] W[MXGL MW WIX XS SRx 'LIGO XLI JYRGXMSR SJ H
PAGE 97
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR 3TIVEXMSR *MK )PIGXVSRMG MQQSFMPM^IV -RWIVX XLI GSHI OI] MR XLI GSHI PSGO 7 ERH XLIR VIQSZI 8LI 0)( KSIW SYX % WMKREP XSRI WSYRHW 7[MXGL SR XLI IPIGXVMGEP W]WXIQ 9WI XLI MKRMXMSR OI] XS WXEVX XLI IPIGXVMGEP W]WXIQ [MXLMR WIGSRHW -J XLI MKRMXMSR MW RSX W[MXGLIH SR [MXLMR WIGSRHW XLI GSHI OI] [MPP LEZI XS FI VIMR WIVXIH MR XLI GSHI PSGO ;LIR XLI MKRMXMSR MW W[MXGLIH SJJ XLI MQQSFMPM^IV EGXMZEXIW MXWIPJ EYXSQEXMGEPP] EJXIV WIGSRHW 8S
PAGE 98
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW 3TIVEXMSR 8LI W]QFSP MW HMWTPE]IH SR XLI QEMR WGVIIR JSV ETTVS\ WIGSRHW ;LIR XLI W]QFSP 4VILIEXMRK )2( WIGSRHW ETTIEVW XYVR XLI MKRMXMSR OI] XS WXEVX TSWMXMSR 6IPIEWI XLI MKRMXMSR OI] EW WSSR EW XLI IRKMRI MW VYRRMRK )RKMRI EJXIVMKRMXMSR %X PS[ XIQTIVEXYVIW XLMW EGXMSR EPPS[W XS XLI IRKMRI XS VIEGL JEWXIV MXW STIVEXMRK XIQ TIVEXYVI 8YVR XLI MKRMXMSR OI] XS TSWMXMSR EW WSSR EW XLI IRKMRI MW VYRRMRK EJXIV XLI WXEV XMRK TVSGIHYVI 7]QFSP ETT
PAGE 99
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR 3TIVEXMSR z 0 0-*8 QSHI WTIIH PIZIP z WIRWMXMZI PMJXMRK SJ PSEHW z * *-2) QSHI WTIIH PIZIP z WOMQQMRK [SVO z ) )'3 QSHI WTIIH PIZIP z IGSRSQMGEP [SVO z 4 43;)6 QSHI WTIIH PIZIP 9WMRK XLI EVVS[ OI]W XS EHNYWX WTIIH 8S MRGVIEWI XLI WTIIH 4VIWW W[MXGL 7 7TIIH [MPP FI MRGVIEWIH F] SRI PIZIP % WIGSRH 0)( XS XLI VMKLX MPPYQMREXIW MR XLI 4 HMWTPE] 8S VIHYGI XLI WTIIH 4VIWW W[MXGL 7 7TIIH [MPP FI HIGVIEWIH F] SRI PIZIP % WIGSRH 0)( JVSQ
PAGE 100
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW 3TIVEXMSR 2SXIW EJXIV WXEVXMRK XLI IRKMRI (ERKIV (ERKIV SJ WYJJSGEXMSR ;LIR STIVEXMRK MR IRGPSWIH WTEGIW SRP] VYR XLI IRKMRI MR EVIEW [MXL WYJJMGMIRX ZIRXMPEXMSR 3TIR HSSVW ERH [MRHS[W XS IRWYVI WYJJMGMIRX WYTTPMIW SJ JVIWL EMV 'EYXMSR &VMRK XLI IRKMRI ERH L]HVEYPMG SMP YT XS STIVEXMRK XIQTIVEXYVI 8LI GSRXVSPW STIVEXI WPYKKMWLP] EX PS[ SMP XIQTIVEXYVIW 1SZI XLI QEGLMRI GEVIJYPP] MR ER STIR WTEGI XS XIWX XLI JYRGXMSR SJ XLI GLEWWMW ERH WPI[MRK KIEV
PAGE 101
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR 3TIVEXMSR )QIVKIRG] IRKMRI WLYXHS[R 3R IQIVKIRG] XLI IRKMRI GER FI WLYXHS[R MQQIHMEXIP] 'EYXMSR 8LI IRKMRI GSYPH FI HEQEKIH 9WI XLI WLYXHS[R HIZMGIW SRP] MR GEWI SJ IQIVKIRG] 4YWL SR IQIVKIRG] WLYXHS[R FYXXSR 7 SR XLI VMKLX GSRXVSP TERIP MRXS XLI GEF SV 7 SR XLI PIJX WMHI SJ XLI YTTIVGEVVMEKI FEGO )RKMRI MW WLYXHS[R MQQIHMEXIP] *MK )QIVKIRG] WLYXHS[R HIZMGIW JSV XLI HIPE] IRKMRI GYX SYX (ERKIV 8LI EGXMZEXMSR SJ XLI IQIVKIRG] W[MXGL SJJ
PAGE 102
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW 3TIVEXMSR 2SXMGIW 1EPJYRGXMSRW 'LIGO GLERKI XLI JYWI * % SR % TPEXI MRXS XLI PIJX GSRXVSP TERIP WMI LI /ET )74 FSEVH EYJ 7IMXI 7MKREKI EVVERKIQIRX SJ *MK (IPE] IRKMRI GYX SYX WMKRW )QIVKIRG] WLYXHS[R MRWXVYGXMSRW )RKMRI GYX SYX MRWXVYGXMSRW MRHMGEXSV7XEVXMRK EMHW 'SPH WXEVX HIZMGI STXMSREP I\XVE 8LI GSPH WXEVX HIZMGI WYTTSVXW XLI GSPH WXEVXMRK TVSGIHYVI EX XIQTIVEXYVIW FIPS[ ' ;LIR WXEVXMRK TV
PAGE 103
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR 3TIVEXMSR 0)( MR W[MXGL MPPYQMREXIW 8LMW [MPP TVIZIRX XLI JYIP JMPXIV WEPXMRK YT EX PS[ XIQTIVEXYVIW 'SSPERX IRKMRI SMP L]HVEYPMG SMP TVILIEXMRK STXMSREP I\XVE 8LI GSSPERX XLI IRKMRI SMP ERH XLI L]HVEYPMG SMP GER FI TVILIEXIH FIJSVI WXEVXMRK YWMRK GSSPERX IRKMRI SMP L]HVEYPMG SMP TVILIEXMRK -R TEVXMGYPEV XLMW [MPP GSRWMHIVEFP] WLSVXIR XLI HMIWIP IRKMRIvW GSPH VYRRMRK TLEWI EX PS[ XIQTIVEXYVIW 8LMW [MPP TVSXIGX XLI HMIWIP IRKMRI ERH VIHYGI JYI
PAGE 104
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW 3TIVEXMSR .YQT WXEVX TVSGIHYVI (ERKIV ;LIR GSRRIGXMRK XS I\XIVMSV FEXXIVMIW SPH FEXXIVMIW GER FI WYFNIGX XS MRGVIEWIH KEW JSVQEXMSR ;IEV TVSXIGXMZI KSKKPIW ERH KPSZIW [LIRIZIV NYQT WXEVXMRK EZSMH REOIH JPEQI ERH GVIEXMRK ER] WTEVOW MR XLI ZMGMRMX] SJ XLI JPEX ZILMGPI FEXXIV] 6-7/ 3* )< 4037-32 3RP] YWI NYQT WXEVXMRK GEFPIW [MXL E WYJJMGMIRX GVSWW WIGXMSR %P[E]W JSPPS[ XLI IWXEFPMWLIH NYQT WXEVXMRK TVSGIHYVI 'SRRIGXMRK XLI FEXXIVMIW *MVWX GS
PAGE 105
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR 3TIVEXMSR *MK )QIVKIRG] GSRXVSP WTIIH EHNYWXQIRX 8LMW EYXSQEXMG W]WXIQ GER FI W[MXGLIH SJJ MR TVSFPIQ GEWIW 1SZI XSKKPI W[MXGL 7 XS XLI 1%29 TSWMXMSR 8LI XIPPXEPI PMKLX MPPYQMREXIW 8LI W]QFSP 1%29 ETTIEVW SR XLI HMWTPE] 'SRXVSP XLI WTIIH QERYEPP] 8LI WTIIH [MPP FI GSRXVSPPIH YWMRK XSKKPI W[MXGL 7 z 4SW 0 WMKRMJMIW 7TIIH VIHYGXMSR z 4SW , WMKRMJMIW 7TIIH MRGVIEWI )QIVKIRG] STIVEXMSR -J XLI JYRGXMSR SJ XLI WIVZS GSRXVSP ERH SJ XLI TEVOMRK
PAGE 106
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW 3TIVEXMSR (ERKIV -R XLMW XSKKPI W[MXGL TSWMXMSR 7 XLI WIVZS GSRXVSP ERH WPI[MRK KIEV FVEOIW GER RS PSRKIV FI EGXMZEXIH YWMRK XLI W[MXGLIW JSV XLMW TYVTSWI SR XLI OI]TEH %PP XLVII JYRGXMSRW GER SRP] FI EGXMZEXIH SV HIEGXMZEXIH YWMRK XLI WEJIX] PIZIV -RJSVQ EPP TIVWSRRIP [LS EVI MRZSPZIH MR XLI STIVEXMSR SV QEMRXIRERGI SJ XLI QE GLMRI EFSYX XLI IQIVKIRG] W[MXGLMRK ERH SJ XLI GLERKIH STIVEXMSR 6IGXMJ] XLI HEQEKI XS XLI QEGLMRI [LMGL GEYWIH XLI IQIVKIRG]
PAGE 107
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR 3TIVEXMSR (VMZMRK (VMZMRK WXVEMKLX ELIEH *MK (VMZMRK WXVEMKLX ELIEH 0IEHMRK [LIIP E F 4IHEP JSV PIJX HVMZI YRMX 8YQFPIV [LIIP E F 4IHEP JSV VMKLX HVMZI YRMX 'EYXMSR ;LIR HVMZMRK XLI YTTIV GEVVMEKI QYWX FI VSXEXIH XS XLI GLEWWMW MR WYGL E [E] XLEX [LIR HVMZMRK JSV[EVHW XLI PIEHMRK [LIIP MW MR JVSRX ERH XLI XYQFPIV [LIIP MW EX XLI VIEV (VMZMRK JSV[EVHW 4YWL FSXL TIHEPW JSV[EVH E ERH E 6IZIVWMRK 'EYXMSR &IJSVI VI
PAGE 108
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW 3TIVEXMSR 8YVRMRK PIJX % 4YWL XLI PIJX TIHEP HS[R F 4YWL XLI VMKLX TIHEP JSV[EVHW EX XLI WEQI XMQI E 8YVRMRK VMKLX & 4YWL XLI VMKLX TIHEP HS[R F 4YWL XLI PIJX TIHEP JSV[EVHW EX XLI WEQI XMQI E 8YVRMRK [MXL E GVE[PIV *MK 8YVRMRK [MXL E GVE[PIV 8YVRMRK XS XLI PIJX % 4YWL XLI VMKLX TIHEP JSV[EVHW E 8YVRMRK XS XLI VMKLX & 4YWL XLI PIJX TIHEP JSV[EVHW E 2SXI -J TSWWMFPI EZSMH XYVRMRK FEGO[EVHW MR SVHIV XS TVIWIVZI XLI
PAGE 109
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR 3TIVEXMSR 'SRXVSPPMRK XLI HVMZI YRMX QERYEPP] *MK 1ERYEP HVMZI YRMX GSRXVSP 4EVXMGYPEVP] GEVIJYP HVMZMRK MW VIUYMVIH LIVI -RWIVX XLI LERH PIZIVW ERH EZEMPEFPI MR XLI XSSP OMX MRXS XLI TIHEPW JSV XLI HVMZI YRMXW 8LI HVMZI YRMXW GER FI STIVEXIH QERYEPP] 2SXI ;LIR HVMZMRK XLI QEGLMRI SRXS SV SJJ E PS[ PSEHIV XLI HVMZI YRMX QYWX FI GSRXVSPPIH QERYEPP] JSV WEJIX] VIEWSRW 'SRXVSPPMRK XLI WTIIH 8LI HVMZMRK WTIIH MW MRJPYIRGIH F] W[MXGL 7 8LI
PAGE 110
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW 3TIVEXMSR &VEOMRK XLI QEGLMRI 8LI L]HVSWXEXMG XVEZIPPMRK QIGLERMWQ SJ XLI QEGLMRI EPWS JYRGXMSRW EW E WIVZMGI FVE OI (MWIRKEKI XLI TIHEPW JSV XLI HVMZI YRMXW 8LI TIHEPW [MPP VIXYVR XS XLI RIYXVEP TSWMXMSR 8LI XVEZIPPMRK QIGLERMWQ [MPP FI WXSTTIH 8LI QEGLMRI [MPP FI FVEOIH ;LIR XLI TIHEPW JSV XLI HVMZI YRMXW EVI MR XLI RIYXVEP TSWMXMSR XLI L]HVSWXEXMG HVMZI TVIZIRXW XLI QEGLMRI JVSQ VSPPMRK SJJ -R XLI RIYXVEP TSWMXMSR XLI TEVOMRK FVEOI [MPP FI ETTPMIH
PAGE 111
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR ;SVOMRK [MXL XLI QEGLMRI (EQEKI SV EGGMHIRXW [LMGL SGGYV HYVMRK XS[MRK SJ XLI QEGLMRI GERRSX FI GSZIVIH F] XLI QERYJEGXYVIV W KYEVERXII YRHIV ER] GMVGYQWXERGIW (ERKIV (ERKIV SJ MRNYV] HYI XS E XSVR VSTI 7XE]MRK RIEV XLI VSTI MW ZSVFMHIR ;LIR XS[MRK XLI QEGLMRI SRP] YWI E XS[ FEV XLEX LEW XLI GSVVIGX HMQIRWMSRW 'EYXMSR ;LIR XS[MRK XLI QEGLMRI XLI QYPXM TPEXI FVEOI MR XLI HVMZI XVERWQMWWMSRW QYWX FI VIPIEWIH 8LMW QIERW XLEX XLI IRKMRI [MPP LEZI XS FI
PAGE 112
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW ;SVOMRK [MXL XLI QEGLMRI XLI EGGIWW W]WXIQ EX XLI WEQI XMQI z -J ]SY EVI EFPI XS VIEGL XLI HSSV LERHPI [MXL ]SYV JVII LERH STIR XLI HSSVW FI JSVI ]SY GPMQF ER] LMKLIV )\XIVREP MRJPYIRGIW WYGL EW [MRH GER QEOI MX QSVI HMJJMGYPX XS STIR HSSVW &IGEYWI SJ XLMW EP[E]W YWI ]SYV LERH JSV GSRXVSP [LIR STIRMRK HSSVW )RWYVI XLEX XLI HSSV MW PEXGLIH STIR XS TVIZIRX MX WPEQQMRK STIR ERH WLYX z 2S[ GSRXMRYI XS GPMQF YT ERH WMX HS[R MR XLI STIVEXSVvW WIEX EW
PAGE 113
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR ;SVOMRK [MXL XLI QEGLMRI z 6ITSVX EPP JYRGXMSR JEYPXW ERH IRWYVI XLEX EPP RIGIWWEV] VITEMVW EVI GEVVMIH SYX MQ QIHMEXIP] z %WWYVI ]SYVWIPJ XLEX RS SRI MW IRHERKIVIH [LIR ]SY WXEVX XLI QEGLMRI QSZMRK z &IJSVI ]SY WXEVX [SVOMRK XIWX XLI FVEOI W]WXIQ MR EGGSVHERGI [MXL XLI VIKYPEXMSRW KMZIR MR XLI STIVEXMRK MRWXVYGXMSRW z 2IZIV PIEZI XLI HVMZIVvW WIEX [LMPI XLI QEGLMRI MW QSZMRK z 2IZIV PIEZI XLI QEGLMRI YREXXIRHIH [LMPI XLI IRKMRI MW VYRRMRK z 8LI QE
PAGE 114
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW ;SVOMRK [MXL XLI QEGLMRI QEGLMRI GSQTSRIRXW z 4PIEWI VIJIV XS ]SYV 0-)&,)66 HIEPIV MJ WTIGMEP XIIXL JSV LIEZ] HYX] SV WTIGMEP ETTPMGEXMSRW EVI VIUYMVIH z (S RSX EXXEGL XSS PEVKI FYGOIX SV FYGOIX [MXL WMHI GYXXIVW SV XLEX EVI HYVMRK STI VEXMSRW [MXL VSGO] QEXIVMEP 8LMW [SYPH TVSPSRK XLI [SVO G]GPIW ERH QE] PIEH XS HEQEKI XS XLI FYGOIX EW [IPP EW JYVXLIV QEGLMRI GSQTSRIRXW z ;MXL XLI \ SJJWIX EVXMGYPEXMSR XLI SJJWIX TSWMXMSR QE] SRP] FI IQTPS]IH MJ X
PAGE 115
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR ;SVOMRK [MXL XLI QEGLMRI y 3RP] VSXEXI XLI YTTIV WXVYGXYVI [LIR XLI GLEWWMW MW WXEXMSREV] y 3RP] VSXEXI XLI YTTIV WXVYGXYVI EJXIV ]SY LEZI TMGOIH YT XLI PSEH y 3RP] QSZI XLI QEGLMRI [LIR ]SY LEZI TMGOIH YT ERH PMJXIH XLI PSEH ERH VSXE XIH XLI YTTIV WXVYGXYVI XS XLI HVMZMRK TSWMXMSR y 8LIVI MW E HERKIV SJ TSWWMFPI W[MRKMRK QSZIQIRX ERH HVSTTMRK SJ XLI PSEH [LIR XLI IUYMTQIRX MW VEMWIH y % TVSXIGXMZI KVMH *347 MR EGGSVHERGI [MXL -73 QYWX FI E
PAGE 116
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW ;SVOMRK [MXL XLI QEGLMRI 'EYXMSR W[MRKMRK KVEF ERH LSPH XLI PSEH GPSWI XS XLI GLEWWMW ERH EFSZI XLI WYFWXVEXI y %ZSMH FVEOMRK SV EGGIPIVEXMRK XLI IUYMTQIRX SV YTTIV WXVYGXYVI EFVYTXP] y (S RSX PMJX ER] PSEHW [LMGL EVI LIEZMIV XLER XLSWI KMZIR MR XLI PSEH GLEVX 4VSXIGXMSR JVSQ ZMFVEXMSR z :MFVEXMSREP PSEHW SR QSFMPI FYMPHMRK QEGLMRIV] EVI QEMRP] XLI VIWYPX SJ XLI X]TI ERH QIXLSH SJ YWI 8LI JSPPS[MRK TEVEQIXIVW MR TEVXMGYPEV EVI HIGMWMZI MRJPY IRGI
PAGE 117
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR ;SVOMRK [MXL XLI QEGLMRI %YXSQEXMG MHPMRK MW WXEVXIH F] TVIWWMRK W[MXGL 7 4VIWW W[MXGL 0S[ MHPI EYXSQEXMG MW EGXMZEXIH 0)( MR W[MXGL MPPYQMREXIW 4VIWW W[MXGL EKEMR 0S[ MHPI EYXSQEXMG MW HIEGXMZEXIH 0)( MR XLI W[MXGL KSIW SYX 8S WIX XLI XMQI [MXLMR [LMGL XLI IRKMRI MW WIX FEGO XS MHPI EJXIV XLI NS]WXMGO LEW FIIR VIPIEWIH 4VIWW ERH LSPH W[MXGL 0)( MR XLI W[MXGL JPEWLIW (IWMVIH XMQI WTER MW VIEGLIH 6IPIEWI XLI W[MXGL 0)( MR W[MXGL MPPYQMREXIW 0S[ M
PAGE 118
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW ;SVOMRK [MXL XLI QEGLMRI *MK 6SXEXMRK XLI YTTIVGEVVMEKI 4YWL XLI NS]WXMGO XS XLI PIJX G 9TTIV GEVVMEKI VSXEXIW XS XLI PIJX 4YWL XLI NS]WXMGO XS XLI VMKLX H 9TTIV GEVVMEKI VSXEXIW XS XLI VMKLX &VEOMRK XLI YTTIVGEVVMEKI 8LI QEGLMRI MW IUYMTTIH [MXL E L]HVEYPMG ERH E QIGLERMGEP W[MRK KIEV FVEOI ,]HVEYPMG W[MRK KIEV FVEOI 1SZI XLI PIJX NS]WXMGO XS RIYXVEP 9TTIVGEVVMEKI [MPP FI EHIUYEXIP] L]HVEYPMGEPP] FVEOIH 1SZI XLI PIJX NS]WXMGO MR XLI STTSW
PAGE 119
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR ;SVOMRK [MXL XLI QEGLMRI 2SXI 8LI VIH GSRXVSP PMKLX MR XLI FYXXSR 7 PMKLXW YT IEGL XMQI XLI FVEOI MW ETTPMIH -J XLMW PMKLX HSIW RSX KS SYX [LIR XLI VSGOIV W[MXGL 7 MW XMPXIH YT XLI FYXXSR 7 QYWX JMVWX FI TYWLIH XS TVI WIPIGX XLI WIQM EYXSQEXMG QSHI 'EYXMSR 8LI FVEOI SRP] ETTPMIW [LIR XLI YTTIVGEVVMEKI MW RIEV WXERHWXMPP ERH MJ RS W[MRK QS XMSR MW EGXYEXIH ZME XLI NS]WXMGO -R SVHIV XS WXST XLI YTTIVGEVVMEKI [LIR [SVOMRK SR E WPSTI XMPX XLI W[MXGL
PAGE 120
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW ;SVOMRK [MXL XLI QEGLMRI 2SXI -RGVIEWIH [IEV (S RSX YWI XLI TSWMXMSRMRK W[MRK FVEOI TYVIP] EW E WIVZMGI FVEOI FYX SRP] EW E WXST ERH TEVOMRK FVEOI JSV XLI W[MRK KIEV &VEOI XLI YTTIV GEVVMEKI L]HVEYPMGEPP] JSV TVIJIVIRGI F] GSYRXIVMRK )RKEKI TIHEP 9TTIV GEVVMEKI MW PSGEXIH MR XLI HIWMVIH TSWMXMSR EJXIV WIRWMXMZI FVEOMRK ;SVOMRK TSWMXMSR *MK ;SVOMRK TSWMXMSR z QEGLMRI ;SVO [MXL XLI QEGLMRI MW KIRIVEPP] XS FI GEVVMIH SYX SZIV XLI PIE
PAGE 121
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR ;SVOMRK [MXL XLI QEGLMRI *MK 3TIVEXMRK XLI WXERGLMSR G]PMRHIV 4YWL XLI NS]WXMGO FEGO E 7XERGLMSR [MPP FI HVE[R MR 4YWL XLI NS]WXMGO JSV[EVHW F 7XERGLMSR [MPP FI I\XIRHIH 3TIVEXMRK XLI FSSQ G]PMRHIV 8LI FSSQ G]PMRHIV MW STIVEXIH YWMRK XLI VMKLX NS]WXMGO *MK 3TIVEXMRK XLI FSSQ G]PMRHIV 4YWL XLI NS]WXMGO FEGO K )UYMTQIRX [MPP FI VEMWIH 4YWL XLI NS]WXMGO JSV[EVHW L )UYMTQIRX [MPP FI PS[IVIH 3TIVEXMRK XLI WLSZIP G]PMRHIV 8LI WLSZIP G]PM
PAGE 122
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW ;SVOMRK [MXL XLI QEGLMRI *MK 3TIVEXMRK XLI WLSZIP G]PMRHIV 4YWL XLI NS]WXMGO XS XLI PIJX I 7LSZIP [MPP FI XMPXIH MR[EVHW 4YWL XLI NS]WXMGO XS XLI VMKLX J 7LSZIP [MPP FI XMPXIH SYX[EVHW 3TIVEXMRK XLI KVEF G]PMRHIV 8LI KVEF G]PMRHIV MW STIVEXIH YWMRK XLI VMKLX NS]WXMGO *MK 3TIVEXMRK XLI KVEF G]PMRHIV (ERKIV 8LI KVEF QYWX RIZIV FI KYMHIH F] LERH F] EY\MPMEV] WXEJJ 4YWL XLI NS]WXMGO XS XLI PIJX I +VEF [MPP GPSWI 4YWL XLI NS]WXMGO XS X
PAGE 123
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR ;SVOMRK [MXL XLI QEGLMRI RMRK -R ER IQIVKIRG] XLI IUYMTQIRX GER FI PS[IVIH [LIR XLI HMIWIP IRKMRI MW RSX VYR RMRK *MK 0S[IVMRK XLI IUYMTQIRX [LIR IRKMRI MW RSX VYRRMRK 8YVR XLI MKRMXMSR OI] XS GSRXEGX TSWMXMSR 3TIVEXI XLI NS]WXMGO SV XLI JSSX TIHEPW YRXMP XLI IUYMTQIRX LEW PS[IVIH 2SXI 8LI IUYMTQIRX GER FI PS[IVIH FIGEYWI SJ XLI GSRXVSP SMP YRMXvW TVIWWYVI VIWIVZI 8LMW VIWIVZI MW PMQMXIH ERH MW SRP] WYJJMGMIRX JSV WQEPP QSZIQIRXW SJ XLI TMPSX
PAGE 124
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW ;SVOMRK [MXL XLI QEGLMRI *MK ) 4YWLFYXXSR SR XLI NS]WXMGO 3TIVEXMSR [MXL PIJX NS]WXMGO STXMSREP * I\XVEW 3TIVEXMSR [MXL PIJX ERH VMKLX NS]WXMGO STXMSREP I\XVEW + 3TIVEXMSR [MXL VMKLX NS]WXMGO WXERHEVH (ERKIV 8LI KVEF QYWX RIZIV FI KYMHIH F] LERH F] EY\MPMEV] WXEJJ 4VIWW W[MXGL 7 %HHMXMSREP JYRGXMSR IK VSXEXMRK KVEF MW EGXMZEXIH 0)( MR W[MXGL MPPYQMREXIW 4VIWW ERH LSPH PIJX TYWLFYXXSR 0 +VEF [MPP VSXEXI PIJX ERXMGPSGO[MWI SV 7P
PAGE 125
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR ;SVOMRK [MXL XLI QEGLMRI *MK %GXMZEXMRK XLI QEKRIXMG W]WXIQ 4VIWW W[MXGL 7 8LI QEKRIXMG W]WXIQ WXEVXW XS JYRGXMSR 8LI IRKMRI WTIIH 4 MRGVIEWIW XS PIZIP 0S[ MHPI EYXSQEXMG 7 RS PSRKIV JYRGXMSRW (ERKIV 8LI QEKRIX GER PSWI MXW PSEH MR XLI IZIRX SJ E PSWW SJ GYVVIRX %P[E]W IRWYVI XLEX RSSRI MW WXERHMRK FIRIEXL XLI PSEH (S RSX TVIWW TYWLFYXXSR 7 0 YRMRXIRXMSREPP] 4VIWW PIJX LERH TYWLFYXXSR 7 0 8LI QEKRIX MW EGXMZEXIH 4VIWW PIJX LERH TYWLFYXX
PAGE 126
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW ;SVOMRK [MXL XLI QEGLMRI (ERKIV -J E PEVKI SV [MHI [SVO XSSP IK KVEF MW QEHI XS ZMFVEXI MR XLI ZMGMRMX] SJ XLI GEF XLI GEF GSYPH FI ORSGOIH SV FYGOPIH [LMGL [SYPH I\TSWI XLI STIVEXSV SJ XLI QEGLMRI XS HERKIV 2SXI -J XLI QEGLMRI MW KIRIVEPP] FIMRK YWIH JSV LEQQIV [SVO XLIVI MW E VMWO XLEX XLI L] HVEYPMG SMP QE] FI HMVXMIV XLER YWYEP %HNYWX QEMRXIRERGI MRXIVZEPW JSV L]HVEYPMG SMP ERH JMPXIV GEVXVMHKI GLERKIW XS WYMX LIEZ] HYWX YWEKI %HH SR OMX %
PAGE 127
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR ;SVOMRK [MXL XLI QEGLMRI *MK %HH SR OMX %,7 8S STIVEXI E [SVO XSSP [MXL VIHYGIH TVIWWYVI )\EQTPI ,]HVEYPMG LEQQIV 8YVR XLI OI] W[MXGL XS XLI ,EQQIV TSWMXMSR MR SVHIV XS FI EFPI XS EGXMZEXI UYERXMX] PMQMXEXMSR ERH TVIWWYVI VIHYGXMSR 7IPIGX UYERXMX] VIHYGXMSR SR XLI STIVEXSV W QIRY 4YWL HS[R JSSX TIHEP O ,]HVEYPMG LEQQIV MW EGXMZEXIH 8S STIVEXI E [SVO XSSP [MXL G]PMRHIV QSZIQIRX )\EQTPI 7GVET GYXXIV 8YVR XLI OI] W[MXGL XS XLI ']PMRHIV TSWMXMSR
PAGE 128
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW ;SVOMRK [MXL XLI QEGLMRI &SSQ EHNYWXQIRX G]PMRHIV [MPP FI I\XIRHIH MI XLI IUYMTQIRX QSZIW YT 4YWL HS[R JSSX TIHEP T &SSQ EHNYWXQIRX G]PMRHIV [MPP FI HVE[R MR MI XLI IUYMTQIRX QSZIW HS[R 8S STIVEXI E [SVO XSSP [MXL VIHYGIH TVIWWYVI )\EQTPI ,]HVEYPMG LEQQIV 8YVR XLI OI] W[MXGL XS XLI ,EQQIV TSWMXMSR MR SVHIV XS FI EFPI XS EGXMZEXI UYERXMX] PMQMXEXMSR ERH TVIWWYVI VIHYGXMSR 7IPIGX UYERXMX] VIHYGXMSR SR XLI STIVEXSV W QIRY 4YWL HS[R JSSX TIHEP O ,]HVE
PAGE 129
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR ;SVOMRK [MXL XLI QEGLMRI FSSQ EHNYWXQIRX SV JSV E WMHI EHNYWXEFPI KSSWIRIGO FSSQ *MK %HH SR OMX %,7 8S STIVEXI XLI FSSQ EHNYWXQIRX G]PMRHIV 4YWL HS[R JSSX TIHEP O &SSQ EHNYWXQIRX G]PMRHIV [MPP FI I\XIRHIH MI XLI IUYMTQIRX QSZIW YT 4YWL HS[R JSSX TIHEP Q &SSQ EHNYWXQIRX G]PMRHIV [MPP FI HVE[R MR MI XLI IUYMTQIRX QSZIW HS[R %HH SR OMX %,7 8SSP 'SRXVSP 9WMRK EHH SR OMX %,7 SRP] SRI EHHMXMSREP PSEH GER FI STIVEXIH M I SRI [SVO XSSP
PAGE 130
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW ;SVOMRK [MXL XLI QEGLMRI %HH SR OMX %,7 8SSP 'SRXVSP 9WMRK EHH SR OMX %,7 X[S EHHMXMSREP PSEHW GER FI STIVEXIH M I XLI FSSQ EH NYWXQIRX G]PMRHIV ERH SRI [SVO XSSP IK L]HVEYPMG LEQQIV GER FI STIVEXIH *MK 1YPXM JYRGXMSR OMX %,7 7[MXGL 7 MW RSX EGXMZEXIH 0)( MRXS XLI W[MXGL HSIW RSX PMKLXW SR 4YWL HS[R JSSX TIHEP O &SSQ EHNYWXQIRX G]PMRHIV [MPP FI I\XIRHIH MI XLI IUYMTQIRX QSZIW YT 4YWL HS[R JSSX TIHEP Q &SSQ EHNYWXQIRX G]PMRHIV
PAGE 131
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR ;SVOMRK [MXL XLI QEGLMRI XVE *MK XVEZIP GSRXVSP [MXL JSSX TIHEPW 3R VIUYIWX XLI QEGLMRI GER FI IUYMTTIH [MXL XLI STXMSR *SSX TIHEPW XVEZIP GSR XVSP ;MXL MX MX MW TSWWMFPI XS W[MXGL FIX[IIR XLI STXMSREP PSEH %,7 GSRXVSP Q ERH O ERH XLI XVEZIP QSZIQIRX HMVIGXMSR JYRGXMSR Q ERH O 8LI GSRXVSP MWX W[MXGLIH YWMRK W[MXGL 7 MRXS XLI VMKLX GSRXVSP FVEGOIX 8YVR W[MXGL 7 MRXS TSWMXMSR 8VEZIP 'SRXVSP PMKLX , MRXS VMKLX GSRXVSP FVEGOIX PMKLXW SR '
PAGE 132
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW ;SVOMRK [MXL XLI QEGLMRI %HH SR OMX %,7 EZEMPEFPI 8YVR XLI OI] W[MXGL XS XLI ']PMRHIV TSWMXMSR 4YWL HS[R JSSX TIHEP O &SSQ [MPP FI WPI[IH XS XLI VMKLX 4YWL HS[R JSSX TIHEP Q &SSQ [MPP FI WPI[IH XS XLI PIJX ,IMKLX ERH PEXIVEPP] EHNYWXEFPI FSSQ 8LI LIMKLX ERH PEXIVEPP] EHNYWXEFPI FSSQ MW STIVEXIH YWMRK XLI X[S JSSX TIHEPW SJ XLI %,7 EHH SR OMX %HH SR OMX %,7 EZEMPEFPI 8LMW ZEVMEXMSR MW SRP] TSWWMFPI MJ RS EHH SR YRMX WYGL EW E L]HVEYPMG LEQQIV S
PAGE 133
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR ;SVOMRK [MXL XLI QEGLMRI *MK %HNYWX XLI LIMKLX ERH PEXIVEPP] EHNYWXEFPI EHNYWXMRK IUYMTQIRX 8S EHNYWX XLI LIMKLX SJ XLI FSSQ 8YVR XLI OI] W[MXGL XS XLI ']PMRHIV TSWMXMSR 4VIWW W[MXGL 7 8IPPXEPI PMKLX MR XLI W[MXGL MPPYQMREXIW 4VIWW YT W[MXGL 7 &SSQ EHNYWXMRK G]PMRHIV MW EGXMZEXIH 4YWL HS[R JSSX TIHEP R &SSQ EHNYWXQIRX G]PMRHIV [MPP FI I\XIRHIH MI XLI IUYMTQIRX QSZIW YT 4YWL HS[R JSSX TIHEP T &SSQ EHNYWXQIRX G]PMRHIV [MPP FI HVE[R MR M
PAGE 134
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW ;SVOMRK [MXL XLI QEGLMRI *MK %HNYWX XLI LIMKLX ERH PEXIVEPP] EHNYWXEFPI KSSWIRIGO FSSQ %HH SR OMX %,7 EZEMPEFPI 4YWL HS[R JSSX TIHEP O &SSQ [MPP FI WPI[IH XS XLI VMKLX 4YWL HS[R JSSX TIHEP Q &SSQ [MPP FI WPI[IH XS XLI PIJX %HH SR OMX %,7 EZEMPEFPI 7[MXGL 7 MW RSX EGXMZEXIH 0)( MRXS XLI W[MXGL HSIW RSX PMKLXW SR 4YWL HS[R JSSX TIHEP O &SSQ [MPP FI WPI[IH XS XLI VMKLX 4YWL HS[R JSSX TIHEP Q &SSQ [MPP FI WPI[IH XS XLI PIJX ,IMKLX ERH PE
PAGE 135
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR ;SVOMRK [MXL XLI QEGLMRI *MK %HNYWX XLI LIMKLX ERH PEXIVEPP] EHNYWXEFPI EHNYWXMRK IUYMTQIRX 8S EHNYWX XLI LIMKLX SJ XLI FSSQ 7[MXGL 7 MW RSX EGXMZEXIH 0)( MRXS XLI W[MXGL HSIW RSX PMKLXW SR 4YWL HS[R JSSX TIHEP T &SSQ EHNYWXQIRX G]PMRHIV [MPP FI I\XIRHIH MI XLI IUYMTQIRX QSZIW YT 4YWL HS[R JSSX TIHEP R &SSQ EHNYWXQIRX G]PMRHIV [MPP FI HVE[R MR MI XLI IUYMTQIRX QSZIW HS[R 8S EHNYWX FSSQ XS WMHI 4VIWW 7[MXGL 7 0)( MRXS XLI W[MXGL PMKLXW SR
PAGE 136
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW ;SVOMRK [MXL XLI QEGLMRI *MK %HNYWX XLI LIMKLX ERH PEXIVEPP] EHNYWXEFPI EHNYWXMRK IUYMTQIRX 8S EHNYWX XLI LIMKLX SJ XLI FSSQ 7[MXGL 7 MW RSX EGXMZEXIH 0)( MRXS XLI W[MXGL HSIW RSX PMKLXW SR 4VIWW W[MXGL 7 0)( MR XLI W[MXGL PMKLXW SR 4VIWW YT W[MXGL 7 &SSQ EHNYWXMRK G]PMRHIV MW EGXMZEXIH 4YWL HS[R JSSX TIHEP T &SSQ EHNYWXQIRX G]PMRHIV [MPP FI I\XIRHIH MI XLI IUYMTQIRX QSZIW YT 4YWL HS[R JSSX TIHEP R &SSQ EHNYWXQIRX G]PMRHIV [MPP FI HV
PAGE 137
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR ;SVOMRK [MXL XLI QEGLMRI 8VERWJIVVMRK GSRXVSPW STXMSREP I\XVE *MK 8VERWJIVVMRK GSRXVSPW 3R VIUYIWX XLI QEGLMRI GER FI IUYMTTIH [MXL XLI w8VERWJIV GSRXVSPWx OMX 8LMW IREF PIW XLI STIVEXSV XS XVERWJIV XLI JYRGXMSR w8MPX FYGOIXx HMVIGXMSRW SJ QSZIQIRX I ERH J SR XLI VMKLX NS]WXMGO XS XLI EHHMXMSREP PSEHvW STIVEXMSR Q ERH O 'SRXVSP MW XVERWJIVVIH YWMRK OI] W[MXGL 7 SR XLI VMKLX GSRXVSP TERIP 8YVR XLI OI] W[MXGL 7 XS TSWMXMSR 8IP
PAGE 138
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW ;SVOMRK [MXL XLI QEGLMRI 8VERWJIVVMRK GSRXVSPW 4'7% 0, STXMSREP I\XVE *MK 8VERWJIVVMRK GSRXVSPW FIX[IIR NS]WXMGO VMKLX ERH PIJX 3R VIUYIWX XLI QEGLMRI GER FI IUYMTTIH [MXL XLI w8VERWJIV GSRXVSPWx OMX 8LMW IREF PIW XLI STIVEXSV XS XVERWJIV XLI JYRGXMSRW SJ XLI VMKLX NS]WXMGO ERH XLI PIJX NS]WXMGO 'SRXVSP MW XVERWJIVVIH YWMRK OI] W[MXGL 7 SR XLI VMKLX GSRXVSP TERIP 8YVR XLI OI] W[MXGL 7 XS TSWMXMSR 8IPPXEPI PMKLX ,
PAGE 139
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR ;SVOMRK [MXL XLI QEGLMRI 8VERWJIVVMRK GSRXVSPW 4'7% . (IIVI STXMSREP I\XVE *MK 8VERWJIVVMRK GSRXVSPW 4'7% .
PAGE 140
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW ;SVOMRK [MXL XLI QEGLMRI 8VERWJIVVMRK %,7 GSRXVSPW STXMSREP I\XVE *MK 8VERWJIVVMRK %,7 GSRXVSPW 3R VIUYIWX XLI QEGLMRI GER FI IUYMTTIH [MXL XLI w8VERWJIV GSRXVSPWx OMX 8LMW IREF PIW XLI STIVEXSV XS XVERWJIV XLI JYRGXMSR w8MPX FYGOIXx HMVIGXMSRW SJ QSZIQIRX I ERH J SR XLI VMKLX NS]WXMGO XS XLI EHHMXMSREP PSEHvW STIVEXMSR Q ERH O 2SXI 6IUYMWMXI 3TXMSR %,7 %,7 SV %,7 QYWX FI EZEMPEFPI ERH FIMRK EHNYWXEXI 7II GSVVIWTSRHMRK GL
PAGE 141
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR ;SVOMRK [MXL XLI QEGLMRI (S^IV FPEHI SRP] JSV X]TI *MK (S^IV FPEHI 8LI QEGLMRI MW IUYMTIH [MXL E HS^IV FPEHI QSYRXIH SR XLI JVSRX WMHI z (S^IV FPEHI (ERKIV % HS^IV FPEHI MW RSX HIWXMREXIH JSV QEGLMRI WLSVMRK -XvW PS[IVMRK HSIW RSX GEYWI ER] IPIZEXMSR SJ XLI MQQSFMPM^EXMSR TSMRX ERH WS ER] IPIZEXMSR SJ XLI EHQMWWMFPI GLEVKI ZEPYIW 8LI HS^IV FPEHI LEW XS FI YWIH I\GPYWMZIP] JSV PIZIPPMRK XEWOW ERH RSX XS WLSVI XLI QEGLMRI %GX
PAGE 142
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW ;SVOMRK [MXL XLI QEGLMRI 1IGLERMGEP WXERGLMSR G]PMRHIV WLYX HS[R STXMSR 1SHI SJ STIVEXMSR 8LI QSZIQIRXW SJ ER MRHYWXVMEP FSSQ GSZIV GSRWMHIVEFPI LIMKLXW ERH FVIEHXLW ;LIR QSZMRK XLI MRHYWXVMEP WXERGLMSR FSXL XLI WXERGLMSR ERH MXW WYWTIRHIH PSEH GER GSQI GPSWI XS XLI GEF SV ER SFNIGX MR XLI ZMGMRMX] -J XLI STIVEXSV HSIW RSX XEOI HYI GEVI XLMW GSYPH FI HERKIVSYW JSV XLI STIVEXSV LMQWIPJ XLI GEF XLI WYVVSYRHMRK EVIE ERH JSV XLI IUYMTQIRX ERH XLI
PAGE 143
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR ;SVOMRK [MXL XLI QEGLMRI *MK 7XERGLMSR G]PMRHIV WLYX HS[R WLYX HS[R TSMRX &]TEWWMRK WXERGLMSR G]PMRHIV WLYX HS[R *MK /MTTWGLEPXIV EQ 0MROIR ,ERHKVMJJ J XLI MRHYWXVMEP WXERGLMSR MW XS FI QSZIH FI]SRH E WLYX HS[R TSMRX XLI WXERGLMSR G]PMRHIV WLYX HS[R GER FI F]TEWWIH &]TEWWMRK GER SRP] FI EGXMZEXIH MJ XLI QSZIQIRX SJ XLI MRHYWXVMEP WXERGLMSR LEW EPVIEH] FIIR WLYX HS[R YWMRK XLI WXERGLMSR G]PMRHIV WLYX HS[R (ERKIV 6MWO SJ MRNYV] ERH SJ HEQE
PAGE 144
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW ;SVOMRK [MXL XLI QEGLMRI 8YVR XLI OI] W[MXGL 7 XS XLI VMKLX 4SWMXMSR - 9WMRK XLI JPMT W[MXGL 7 MRXIKVEXIH SR WMHI SJ XLI PIJX KVMT YT SV HS[R F] TEWWIW XLI WXERGLMSR G]PMRHIV WLYX HS[R 8YVR XLI OI] W[MXGL 7 MRXS RIYXVEP TSWMXMSR 4SWMXMSR 2S F]TEWW SJ XLI WXERGLMSR G]PMRHIV WLYX HS[R GER FI EPPS[IH XVYI JPMT W[MXGL 7 3ZIVPSEH [EVRMRK HIZMGI +IRIVEP 8LI SZIVPSEH [EVRMRK HIZMGI WLS[W XLI QEGLMRI STIVEXSV [LIR XLI TIVQMWWMFPI PSEH
PAGE 145
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR ;SVOMRK [MXL XLI QEGLMRI -J XLI PSEH TVIWWYVI MR XLI L]HVEYPMG NEGO VIEGLIW XLI PIZIP SJ XLI WLMJX TVIWWYVI XLI TVIWWYVI W[MXGL IQMXW E WMKREP XLI [EVRMRK W]QFSP ETTIEVW SR WGVIIR ERH XLI FY^ ^IV WSYRHW 8LI WLMJX TVIWWYVI MR XLI TVIWWYVI W[MXGL MW WIPIGXIH MR WYGL E [E] XLEX XLI WXEFMPMX] JEGXSVW GER FI QEMRXEMRIH IZIR MJ MR ER YRWYTTSVXIH WXEXI WQEPP WXEXMSREV] XSVUYI 7XEVXMRK (ERKIV 2S PSEH LSMWXMRK [SVO QE] FI GEVVMIH SYX MJ XLI SZIVPSEH [EVRMRK H
PAGE 146
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW ;SVOMRK [MXL XLI QEGLMRI -R TVMRGMTPI PMJX YT SRP] PSEHW [MXL ORS[R [IMKLXW 8LI SZIVPSEH [EVRMRK HIZMGI QE] SRP] FI YWIH JSV PMJXMRK STIVEXMSR *SV HMKKMRK STI VEXMSR XLI SZIVPSEH [EVRMRK HIZMGI QYWX FI XYVRIH SJJ 8LI PSEH GEVV]MRK GETEGMX] ZEPYIW EXXEMR E QE\MQYQ SJ SJ XLI XMTTMRK GETEGMX] SV SJ XLI L]HVEYPMG PMJXMRK TS[IV MR EGGSVHERGI [MXL -73 2SXI 8LI PSEH ZEPYIW EVI WYFNIGX XS GLERKI MJ IUYMTQIRX TEVXW ERH [SVO XSSPW EVI EX XEGLIH SV
PAGE 147
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR ;SVOMRK [MXL XLI QEGLMRI *MK 3ZIVPSEH [EVRMRK HIZMGI TVIWWYVI W[MXGL TVIWWYVI KEYKI GEQ TPEXI FVEGOIX PIZIV JMXXMRK VSPPIV IGGIRXVMG TPEXI WLYXX SJJ ZEPZI JMXXMRK XIWX TSMRX *MK TVIWWYVI W[MXGL SZIVPSEH [EVRMRK HIZMGI 8LI SZIVPSEH [EVRMRK HIZMGI GSQTVMWIW E GSRWXERX TVIWWYVI W[MXGL TVSZMHIH [MXL E PIZIV ERH E GEQ TPEXI GSRRIGXIH XS XLI IUYMTQIRX ZME FVEGOIX 8LI W[MXGLMRK TVIWWYVI MRX SXLI SZI
PAGE 148
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW ;SVOMRK [MXL XLI QEGLMRI H]REQMG XVYI XLI GEQ TPEXI 8LI TVIWWYVI W[MXGL [LMGL MW GSRRIGXIH XS XLI TMWXSR SJ XLI L]HVEYPMG NEGO -J XLI PSEH TVIWWYVI MR XLI L]HVEYPMG NEGO VIEGLIW XLI PIZIP SJ XLI WLMJX TVIWWYVI XLI TVIW WYVI W[MXGL IQMXW E WMKREP XLI [EVRMRK W]QFSP ETTIEVW SR WGVIIR ERH XLI FY^^IV WSYRHW %TTVSTVMEXI GEQIW GER FI QSYRXIH HITIRHMRK SJ QEGLMRIvW GLEVEWXIVMGW [MXL SV [MXLSYX SYXVMKKIVW [E] [MHXL ERH [LIIPvW TSWMXMSR SJ XLI GLEWWMW IU
PAGE 149
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR ;SVOMRK [MXL XLI QEGLMRI 8IWX ERH EHNYWXQIRX SJ XLI SZIVPSEH [EVRMRK HIZMGI %HNYWXMRK LMKL TSWMXMSR 4SMRX % 6IQSZI XLI GET SR XIWX TSMRX QSYRX E TVIWWYVI KEYKI FEV WS XLI KEYKI MW ZMWMFPI JVSQ XLI GEF 1SZI XLI FSSQ YT EPP XLI [E] MJ RIGIWWEV] EHNYWX FVEGOIX ZME IGGIRXVMG YRXMP VSPPIV MW I\EGXP] SR XLI QEVO JSV TSMRX % SR GEQ TPEXI 4VIWW TYWL FYXXSR 7 STIR XLI WLYX SJJ ZEPZI 4SWMXMSR % I\XIRH XLI FSSQ EPP XLI [E] XLI TVIWWYV
PAGE 150
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW PS[IV WLMJXMRK TSMRX SJ TVIWWYVI W[MXGL 2SXI % PS[IV WLMJXMRK TSMRX MW TIVQMWWMFPI VIQSZI QIEWYVMRK W]WXIQW VIMRWXEPP GETW GLIGO EPP QSZMRK TEVXW SJ XLI SZIVPSEH [EVRMRK HIZMGI JSV IEW] QSZIQIRX %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW %XXEGLMRK ERH VIQSZMRK IUYMTQIRX TEVXW WEJIP] z )UYMTQIRX SV EXXEGLQIRXW QEHI F] SXLIV QERYJEGXYVIVW SV XLSWI [LMGL HS RSX LEZI KIRIVEP ETTVSZEP JVSQ 0-)&,)66 JSV M
PAGE 151
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW MX JEV IRSYKL XS TYWL MR XLI GSXXIV TMR %XXEGLMRK ERH HMWQSYRXMRK XLI FYGOIX *MK %XXEGLMRK ERH HMWQSYRXMRK XLI FYGOIX 6 0MXVSRMG (MKKMRK FYGOIX 7XMGO 7IEPMRK VMRK 'SQTPIXI TMR FIEVMRK WIEPMRK 4MR 0MT WIEP VMRK 0SGOMRK TPEXI 3 6MRK 'SRRIGXMRK PMRO 4VSXIGXMSR ERH MRWXEPPEXMS VMRK
PAGE 152
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW 6IWXVMGXSV GLIGO ZEPZI 6IWXVMGXSV GLIGO ZEPZI %WWIQFP] WGVI[ 8LI JSPPS[MRK MW E HIWGVMTXMSR SJ LS[ XS EXXEGL ERH HMWQSYRX FYGOIXW &YGOIXW EVI JSV I\EQTPI LSI X]TI FYGOIXW HMXGLIV FYGOIXW SV FVIEOIV XIIXL (MWQSYRXMRK E FYGOIX 4SWMXMSR XLI EXXEGLQIRX MR WYGL E [E] XLEX XLI IRXMVI PS[IV TEVX SJ XLI FYGOIX MW PE]MRK SR XLI KVSYRH 9RWGVI[ PSGOMRK TPEXI ERH PSGOMRK TPEXI /RSGO SYX TMR ERH T
PAGE 153
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW WS XLEX XLIWI GERRSX HIWXVS] XLI PMT WIEP VMRK -RWXEPPEXMSR SJ E TMR FIEVMRK WIEPMRK 8LI MRRIV JEGI SJ XLI TVSXIGXMSR ERH MRWXEPPEXMSR VMRK GSQTVMWIW X[S GMVGYPEV KVSSZIW [LMGL EPPS[ XLI MRWXEPPEXMSR SJ XLI TMR FIEVMRK WIEPMRK &IJSVI MRWIVXMSR SJ XLI GSQTPIXI TMR FIEVMRK WIEPMRK FIX[IIR XLI JEGMRK FIE VMRK PMQFW XLI PMTW SJ XLI WIEP VMRK QYWX FI JSPH XSKIXLIV ERH MRWIVXIH MR XLI KVSSZIW SJ XLI MRWXEP
PAGE 154
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW WIEPMRK *MK %XXEGLMRK ERH HMWQSYRXMRK XLI FYGOIX (MKKMRK FYGOIX 'SRRIGXMRK PMRO 7XMGO 4VSXIGXMSR VMRK &YWLMRK 3 VMRK &YWLMRK 6IWXVMGXSV GLIGO ZEPZI 4MR 6IWXVMGXSV GLIGO ZEPZI 'SZIV 8LI JSPPS[MRK MW E HIWGVMTXMSR SJ LS[ XS EXXEGL ERH HMWQSYRX FYGOIXW [MXL MQTVSZIH WIEPMRK 6 0MXVSRMG
PAGE 155
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW (MWQSYRXMRK E FYGOIX 4SWMXMSR XLI FYGOIX XS FI EXXEGLIH MR WYGL E [E] XLEX MXW IRXMVI PS[IV TEVX MW PE]MRK SR XLI KVSYRH 6IQSZI XLI GSZIVW ERH 6IQSZI XLI TVSXIGXMSR VMRKW SJ EPP XLI FIEVMRK TSMRXW ERH HVE[ XLI 3 VMRKW YT SRXS XLI FYWLMRK SR XLI FYGOIX WMHI (VMZI SYX XLI TMRW ERH -J RIGIWWEV] PMJX XLI EXXEGLQIRX WPMKLXP] XS VIQSZI XLI TMR 8EOI SJJ XLI 3 VMRKW ERH MJ RIGIWWEV] VITPEGI XLIQ %X
PAGE 156
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW %XXEGLMRK ERH HMWQSYRXMRK XLI KVEF SR WXMGO *MK %XXEGLMRK ERH HMWQSYRXMRK XLI KVEF SR XLI WXMGO +VEF QSYRXMRK ,SWI 4MR ,SWI 0SGOMRK TPEXI ,SWI 'SRRIGXMRK PMRO ,SWI 'EVVMIV FVEGOIX :EPZI FPSGOW 6IZIVWMRK PIZIV 4MR FIEVMRK WIEPMRK 'SXXIV TMR 6 0MXVSRMG
PAGE 157
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW &IJSVI EXXEGLMRK E GPEQWLIPP FYGOIX SV KVETTPI IRWYVI XLEX XLI VIUYMVIH L]HVEYPMG PMRIW JSV STIVEXMRK XLI KVEF EVI FYMPX MRXS XLI WXMGO %XXEGLMRK ERH HMWQSYRXMRK E KVEF WLSYPH FI GEVVMIH SYX F] X[S TISTPI (ERKIV 6MWO SJ MRNYV] )RWYVI XLEX XLI QEGLMRIvW STIVEXSV JSPPS[W XLI WMKREPPIVvW LERH WMKREPW [LIR QSZMRK XLI EXXEGLQIRX %XXEGLMRK XLI KVEF -J RIGIWWEV] HMWQSYRX XLI FYGOIX 6IXVEGX XLI FYGOIX G]PMRHIV EW JEV
PAGE 158
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW (MWQSYRXMRK XLI KVEF 7IX XLI KVEF HS[R SRXS PIZIP KVSYRH [MXL XLI WLIPPW JYPP] STIRIH 8YVR SJJ XLI IRKMRI ERH [MXL XLI MKRMXMSR OI] MR XLI GSRXEGX TSWMXMSR TYWL XLI VMKLX NS]WXMGO FVMIJP] XS XLI PIJX ERH XLIR XS XLI VMKLX MR SVHIV XS VIQSZI XLI TVIWWYVI MR XLI L]HVEYPMG GMVGYMXW 8S VIPMIZI XLI KVEFvW XSVWMSREP QIGLERMWQ TVIWW XLI X[S TYWL FYXXSRW MR XLI PIJX SV PIJX ERH VMKLX z STXMSREP I\XVEW NS]WXMGO JSV w8Y
PAGE 159
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW %XXEGLMRK ERH HMWQSYRXMRK XLI KVEF SR WXMGO *MK %XXEGLMRK ERH HMWQSYRXMRK XLI KVEF SR XLI WXMGO 6 0MXVSRMG +VEF QSYRXMRK ,SWI 4MR ,SWI 0SGOMRK TPEXI ,SWI 'SRRIGXMRK PMRO ,SWI 'EVVMIV FVEGOIX :EPZI FPSGO 6IZIVWMRK PIZIV 4MR FIEVMRK WIEPMRK 'SXXIV TMR
PAGE 160
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW &IJSVI EXXEGLMRK E GPEQWLIPP FYGOIX SV KVETTPI IRWYVI XLEX XLI VIUYMVIH L]HVEYPMG PMRIW JSV STIVEXMRK XLI KVEF EVI FYMPX MRXS XLI WLSZIP EVQ %XXEGLMRK ERH HMWQSYRXMRK E KVEF WLSYPH FI GEVVMIH SYX F] X[S TISTPI (ERKIV 6MWO SJ MRNYV] )RWYVI XLEX XLI QEGLMRIvW STIVEXSV JSPPS[W XLI WMKREPPIVvW LERH WMKREPW [LIR QSZMRK XLI EXXEGLQIRX %XXEGLMRK XLI KVEF -J RIGIWWEV] HMWQSYRX XLI FYGOIX 6IXVEGX XLI FYGOIX G]PMRHIV
PAGE 161
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW 8YVR SJJ XLI IRKMRI ERH [MXL XLI MKRMXMSR OI] MR XLI GSRXEGX TSWMXMSR TYWL XLI VMKLX NS]WXMGO FVMIJP] XS XLI PIJX ERH XLIR XS XLI VMKLX MR SVHIV XS VIQSZI XLI TVIWWYVI MR XLI L]HVEYPMG GMVGYMXW 8S VIPMIZI XLI KVEFvW XSVWMSREP QIGLERMWQ TVIWW XLI X[S TYWL FYXXSRW MR XLI PIJX SV PIJX ERH VMKLX z STXMSREP I\XVEW NS]WXMGO JSV w8YVR KVEFx 8YVR XLI PIZIV SJ IEGL ZEPZI FPSGO MR TSWMXMSR % 4SWMXMSR % FYGOIX STIVEX
PAGE 162
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW GLMSR *MK %XXEGLMRK ERH HMWQSYRXMRK XLI KVEF SR XLI MRHYWXVMEP WXERGLMSR &IJSVI EXXEGLMRK E GPEQWLIPP FYGOIX SV KVETTPI IRWYVI XLEX XLI VIUYMVIH L]HVEYPMG PMRIW JSV STIVEXMRK XLI KVEF EVI EXXEGLIH XS XLI MRHYWXVMEP WXERGLMSR %XXEGLMRK ERH HMWQSYRXMRK E KVEF WLSYPH FI GEVVMIH SYX F] X[S TISTPI (ERKIV 6MWO SJ MRNYV] )RWYVI XLEX XLI QEGLMRIvW STIVEXSV JSPPS[W XLI WMKREPPIVvW LERH WMKREPW [LIR QSZMRK XLI IUY
PAGE 163
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW +YMHI MR FSPX ERH WIGYVI YWMRK HMWO 'SRRIGX L]HVEYPMG LSWI ERH L]HVEYPMG LSWI JSV XLI WLIPP G]PMRHIV WYTTP] XS XLI TMTIW JSV XLI WLSZIP XMPXMRK G]PMRHIV *SV E KVEF [MXL E L]HVEYPMG XSVWMSREP QIGLERMWQ EPWS GSRRIGX LSWIW ERH XS XLI TMTIW JSV XLMW EY\MPMEV] HIZMGI 3TIVEXMRK XLI KVEF 'EVV] SYX EPP [SVO QSZIQIRXW WIZIVEP XMQIW [MXLSYX E PSEH STIR ERH GPSWI XLI WLIPP SV QSZI XLI KVEF XS XLI PIJX ERH X
PAGE 164
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW %XXEGLMRK ERH HMWQSYRXMRK XLI WXMGO XS XLI FSSQ *MK %XXEGLMRK ERH HMWQSYRXMRK XLI WXMGO XS XLI FSSQ 'SRRIGXMRK PMRO 4MR 7XMGO G]PMRHIV ,SWIW 4MR 6IWXVMGXSV GLIGO ZEPZI &YGOIX G]PMRHIV (MWQSYRXMRK XLI WXMGO *MKYVI % -J RIGIWWEV] VIQSZI XLI FYGOIX 6IXVEGX XLI FYGOIX ERH WXMGO G]PMRHIV EW JEV EW XLI WXST TSWMXMSR XLI EXXEGLQIRX SR XLI KVSYRH -J RIGIWWEV] XMI XLI GSRR
PAGE 165
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW OI] XS GSRXEGX TSWMXMSR XMPXMRK XLI WEJIX] PIZIV HS[R ERH QSZMRK XLI VMKLX NS]WXMGO XS XLI PIJX ERH VMKLX XLI PIJX NS]WXMGO JSV[EVH ERH FEGO[EVH 6IPIEWI XLI TVIWWYVI MR XLI L]HVEYPMG XERO %XXEGL XLI PS[IV TEVX SJ XLI WXMGO G]PMRHIV XS XLI PMJX [MXL E WXVET 4SWMXMSR E [SSHIR FPSGO YRHIV XLI WXMGO G]PMRHIV VIQSZI XLI TPEXI SJ TMR PMKLX P] PMJX XLI XLI G]PMRHIV HVMZI SYX XLI TMR ERH TSWMXMSR XLI WXMGO
PAGE 166
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW 2SXI % %JXIV MRWXEPPEXMSR SJ E RI[ WXMGO ERH HMKKMRK FYGOIX GSQFMREXMSR XLI VIWXVMGXSV GLIGO ZEPZI JSV WXMGO G]PMRHIV QYWX FI IZIRXYEPP] VIEHNYWXIH WS XS LEZI XLI GSVVIGX ZI PSGMX] SJ XLI [SVOMRK EXXEGLQIRX HYI XS [IMKLX HMJJIVIRGI SJ XLI EXXEGLQIRX TEVXW -J RIGIWWEV] GSRWYPX E 0-)&,)66 QIGLERMG 1IGLERMGEP UYMGO GLERKI EHETXIV STXMSREP I\XVE 7EJIX] MRJSVQEXMSR z )RWYVI XLEX RSFSH] MW PSGEXIH MR X
PAGE 167
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW %XXEGLMRK XLI [SVO XSSP 8S QSZI XLI IUYMTQIRX MRXS TSWMXMSR *MK 4SWMXMSRMRK XLI IUYMTQIRX 8LI IUYMTQIRX QYWX FI WXERHMRK WXEFPI SV PE] PSSWI SR XLI KVSYRH 1SZI XLI WXERGLMSR ERH [SVO XSSP MRXS TSWMXMSR -RWIVX XLI WLSZIP XMPXMRK G]PMRHIV JYPP] 8S YRPSGO XLI UYMGO GLERKI EHETXIV (ERKIV 6MWO SJ MRNYV] )RWYVI XLEX XLI [SVO IUYMTQIRX GERRSX FI QSZIH F] SXLIVW [LIR XLMW EGXMSR MW FIMRK GEVVMIH SYX %TTVSEG
PAGE 168
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW 8S PSGO XLI UYMGO GLERKI EHETXIV *MK 0SGOMRK XLI UYMGO GLERKI EHETXIV (ERKIV &IJSVI PSGOMRK XLIVI MW RS JM\IH GSRRIGXMSR FIX[IIR XLI [SVO XSSP ERH XLI UYMGO GLERKI EHETXIV 8LI [SVO XSSP GSYPH YRHIV GIVXEMR GMVGYQWXERGIW JEPP SYX ERH MRNYVI TISTPI %TTVSEGL XLI UYMGO GLERKI EHETXIV [MXL XLI YXQSWX GEVI 4YWL XLI WEJIX] PIZIV YT XS WIGYVI XLI [SVO IUYMTQIRX EKEMRWX YRMRXIRXMSREP QS ZIQIRX 2S [SVO QSZIQ
PAGE 169
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW (IXEGLMRK E [SVO XSSP 8S QSZI XLI IUYMTQIRX MRXS TSWMXMSR 'EYXMSR ,]HVEYPMG PMRIW EVI TVIWWYVM^IH 6IQSZI XLI TVIWWYVI YWMRK XLI NS]WXMGO FIJSVI VIQSZMRK XLI L]HVEYPMG PMRIW W[MXGL SJJ XLI HMIWIP IRKMRI XYVR XLI MKRMXMSR OI] MRXS XLI GSRXEGX TSWMXMSR STI VEXI XLI NS]WXMGO (MWGSRRIGX L]HVEYPMG PMRIW SV IPIGXVMGEP PMRIW MJ RIGIWWEV] IK [LIR HMWQSYRXMRK E KVEF )\XIRH XLI WLSZIP XMPXMRK G]PMRHIV JYPP] 8S YRPS
PAGE 170
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW 8S TYX HS[R XLI [SVO XSSP *MK 4YXXMRK HS[R XLI [SVO XSSP 7PS[P] MRWIVX XLI WLSZIP XMPXMRK G]PMRHIV ERH PE] XLI [SVO XSSP SR XLI KVSYRH 8LI RI[ [SVO XSSP GER FI XEOIR YT 9WMRK XLI UYMGO GLERKI EHETXIV JSV LSMWXMRK [SVO *MK 1IGLERMGEP UYMGO GLERKI EHETXIV 8LI UYMGO GLERKI EHETXIV LEW X[S MRXIKVEXIH PMJXMRK LSSOW 8LI QEGLMRI QE] SRP] FI YWIH JSV LSMWXMRK [SVO MJ XLI WEJIX] HIZMGIW VIUYMVIH JSV XL
PAGE 171
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW ,]HVEYPMG UYMGO GLERKI EHETXIV STXMSREP I\XVE 7EJIX] MRJSVQEXMSR z )RWYVI XLEX RSFSH] MW WXERHMRK MR XLI [SVOMRK EVIE SJ XLI IUYMTQIRX [LIR EXXEGLMRK SV HMWQSYRXMRK [SVO XSSPW 1SZI XLI [SVO IUYMTQIRX EW WPS[P] EW TSWWMFPI [LIR EXXEGLMRK ERH HMWQSYRXMRK E [SVO XSSP *EQMPMEVM^I ]SYVWIPJ [MXL XLI QSHI SJ STIVEXMSR SJ XLI UYMGO GLERKI EHETXIV [MXLSYX EXXEGLIH [SVO XSSPW MJ TSWWMFPI z 8LI TVSTIV JYRGXMSRMRK SJ
PAGE 172
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW 3TIVEXMRK IPIQIRXW *MK 3TIVEXMRK IPIQIRXW JSV XLI L]HVEYPMG UYMGO GLERKI EHETXIV 7[MXGL 7 9WI W[MXGL 7 XS EGXMZEXI XLI EY\MPMEV] L]HVEYPMG HIZMGI JSV XLI KVEF XSVWMSREP QIGLERMWQ ERH UYMGO GLERKI EHETXIV 4VIWW W[MXGL %Y\MPMEV] HIZMGI MW EGXMZEXIH 0)( MR W[MXGL MPPYQMREXIW 4VIWW W[MXGL EKEMR %Y\MPMEV] HIZMGI MW HIEGXMZEXIH 0)( MR XLI W[MXGL KSIW SYX &YXXSR 7 ZIVWMSRW /I] W[MXGL 7 SPH ZIVWMSR
PAGE 173
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW *MK 4YWLFYXXSR SR XLI NS]WXMGO ) 3TIVEXMSR [MXL PIJX NS]WXMGO WXERHEVH * 3TIVEXMSR [MXL PIJX ERH VMKLX NS]WXMGO STXMSREP I\XVEW &MPHWGLMVQW]QFSP 7GLRIPP[IGLWPIV (EW 7]QFSP IVWGLIMRX z [ÈLVIRH HIW )RXVMIKIPYRKWZSVKERKW SHIV z FIM ^YVàGOKIJELVIRIR :IVVMIKIPYRKWFSP^IR 8[S LERH STIVEXMSR 8LI UYMGO GLERKI EHETXIV MW EGXMZEXIH YWMRK X[S LERH STIVEXMSR 8LI PSGOMRK TMRW GER SRP] FI QSZIH EX JMVWX MJ FYXXSR
PAGE 174
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW 5YMGO GLERKI EHETXIV MW EGXMZEXIH 0)( MR W[MXGL MPPYQMREXIW 4VIWW ERH LSPH FYXXSR 7 5YMGO GLERKI EHETXIV MW EGXMZEXIH 4VIWW ERH LSPH TYWLFYXXSR 6 YRXMP XLI PSGOMRK TMRW EVI JYPP] MRWIVXIH 8LI FY^^IV WSYRHW 8LI W]QFSP w5YMGO GLERKIVx ETTIEVW SR WGVIIR 8LI UYMGO GLERKI EHETXIV MW YRPSGOIH 8EOMRK YT XLI [SVO XSSP *MK 8EOMRK YT XLI [SVO XSSP 1SZI XLI UYMGO GLERKI EHETXIV MRXS E TSWMXMSR XLEX EPPS[W XLI [
PAGE 175
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW KVEF % HMVIGX ZMWYEP GLIGO QYWX FI QEHI XS IRWYVI XLEX XLI [SVO XSSP MW GSVVIGXP] TSWMXMSRIH % w[SVOMRK G]GPIx WLSYPH EPWS FI TIVJSVQIH [MXL XLI [SVO XSSP 8LMW QIERW XLEX XLI [SVO XSSP WLSYPH FI VEMWIH FIJSVI YWI XS XLI TSMRX EX [LMGL XLI GSVVIGX TSWMXMSRMRK SJ JSV I\EQTPI XLI TMR MR XLI TMR I]I GER FI GLIGOIH F] XMPXMRK MR ERH SYX (ERKIV 8LI IPIGXVSRMG QSRMXSVMRK W]WXIQ JSV XLI UYMGO GLERKI EHETXIV HMWTPE]
PAGE 176
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW 4VIWW ERH LSPH TYWLFYXXSR 6 YRXMP XLI PSGOMRK TMRW EVI JYPP] MRWIVXIH 8LI FY^^IV WSYRHW 8LI W]QFSP w5YMGO GLERKIVx ETTIEVW SR WGVIIR 8LI UYMGO GLERKI EHETXIV MW YRPSGOIH 8S TYX HS[R XLI [SVO XSSP *MK 4YXXMRK HS[R XLI [SVO XSSP 7PS[P] MRWIVX XLI WLSZIP XMPXMRK G]PMRHIV ERH PE] XLI [SVO XSSP SR XLI KVSYRH 8LI RI[ [SVO XSSP GER FI XEOIR YT 9WMRK XLI UYMGO GLERKI EHETXIV JSV PMJXMRK [SVO *MK ,]HVEYP
PAGE 177
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW (ERKIV 2IZIV YWI XLI XEOI YT LSSO XS JEWXIR E PSEH FIGEYWI XLIVI MW RS WIGYVI LSPH JSV XLI PSEH XEOI YT HIZMGI IK VSTI SV GLEMRW MR XLI XEOI YT LSSO &IJSVI YWMRK JSV LSMWXMRK [SVO HIEGXMZEXI XLI UYMGO GLERKI EHETXIV 0)( MR W[MXGL 7 LEW KSRI SYX 6IPIEWI FYXXSR 7 8S GERGIP XLI FY^^IV [EVRMRK XSRI 8LI W]QFSP w5YMGO GLERKIVx SR WGVIIR ERH XLI FY^^IV [EVRMRK XSRI MRHMGEXI XLEX XLI UYMGO GLERKI EHETXIV
PAGE 178
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW 3ZIVZMI[ *MK 0-/9*-< 4VSXIGXMZI GSZIV SR UYMGO GLERKI EHETXIV 0-/9*-< L]HVEYPMG GSYTPMRK SR [SVO XSSP 4VSXIGXMZI GSZIVMRK SR [SVO XSSP %PXIVREXMZI L]HVEYPMG GSYTPMRK SR [SVO XSSP 0-/9*-< L]HVEYPMG GSYTPMRK SR UYMGO GLERKI EHETXIV %XXEGLMRK ERH HMWQSYRXMRK [SVO XSSPW %XXEGLMRK ERH HMWQSYRXMRK MW GEVVMIH SYX EW HIWGVMFIH MR XLI GLETXIV w,]HVEYPMG UYMGO GLERKI EHETXIVx *MK 'SRRIGX
PAGE 179
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR %XXEGLMRK ERH HMWQSYRXMRK IUYMTQIRX TEVXW 'SRRIGX SV WITEVEXI XLI L]HVEYPMG GSYTPMRK WPS[P] EW [MXL ER] GLERKI SJ [SVO XSSP ;LIR EXXEGLMRK XLI UYMGO GLERKI EHETXIV XMPX YRXMP XLI GSYTPMRK HMWOW EVI GSRRIG XIH EW E VIWYPX SJ XLI WIPJ [IMKLX SJ XLI [SVO XSSP 6IQSZI XLI PSGOMRK TMRW -J XLI HMWOW HS RSX GSRRIGX EW E VIWYPX SJ WIPJ [IMKLX JSVIMKR QEXXIV WYGL EW WXSRIW QE] FI XLI GEYWI -R XLMW GEWI GPIER EPP GSYTPMRK TEVXW XS TVIZIRX HEQEKI SGGYVVMRK [LI
PAGE 180
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW +IRIVEP [SVOMRK QIXLSHW +IRIVEP [SVOMRK QIXLSHW 1MRMQYQ MQTEGX [SVOMRK QIXLSHW JSV ]SYV QEGLMRI 8S MRGVIEWI XLI WIVZMGI PMJI SJ XLI QEGLMRI ERH EZSMH YRRIGIWWEV] HEQEKI ERH XLI VIWYPXMRK VITEMVW TPIEWI RSXI XLI JSPPS[MRK TSMRXW z (S RSX WXST XLI VSXEV] QSXMSR SJ XLI YTTIV GEVVMEKI [LIR WPI[MRK MRXS E HMXGL F] WXSTTMRK XLI IUYMTQIRX SR XLI [EPPW SJ XLI HMXGL z 9WMRK XLI QEGLMRI JSV ETTPMGEXMSRW [LIVI XLI IUYMTQIRX MW ORSGOIH EKEMRWX XLI QEXIVME
PAGE 181
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR +IRIVEP [SVOMRK QIXLSHW *SV QSFMPI HIZMGIW PS[IV XLI WYTTSVX [LIR TSWWMFPI ERH PSGO XLI JYPP JPSEXMRK E\PI (ERKIV -RWYJJMGMIRX WYTTSVX ERH QEGLMRI HEQEKI (S RSX YWI E WOMQQMRK WLMIPH XS WYTTSVX XLI QEGLMRI *MK 7EJI [SVOMRK (ERKIV 6MWO SJ JEXEP MRNYV] HYI XS VSXEXMRK XLI QEGLMRI )RWYVI XLEX RSFSH] WXERHW [MXLMR XLI HERKIV EVIE V SJ XLI QEGLMRI 'EYXMSR 6MWO SJ MRNYV] [LIR [SVOMRK %P[E]W [IEV WEJIX] WLSIW ERH TEVXMGYPEVP] [LIR PIEZMRK XLI GEF [
PAGE 182
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW +IRIVEP [SVOMRK QIXLSHW *MK %PMKRMRK XLI WXMGO ERH FEGOLSI FYGOIX %PMKR XLI WXMGO MR WYGL E [E] XLEX MXW YRHIVWMHI MW EX ER ERKPI SJ ETTVS\ XS XLI KVSYRH %PMKR XLI FEGOLSI FEGOLSIFYGOIX MR WYGL E [E] XLEX MXW KVSYRH WMHI GER IRXIV XLI KVSYRH EX ER ERKPI SJ ETTVS\ *MK 8EOMRK YT KVEF QEXIVMEP 8S PMJX SYX XLI KVEF QEXIVMEP WPS[P] ERH IZIRP] WPI[ MR XLI WXMGO ERH WPS[P] ERH IZIRP] WPI[ MR XLI FEGOLSI FYGOIX WMQYPXERISYWP] %W WSSR
PAGE 183
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR +IRIVEP [SVOMRK QIXLSHW 0SEHMRK XLI XVERWTSVX ZILMGPI (ERKIV 6MWO SJ JEXEP MRNYV] HYI XS JEPPMRK KVEF QEXIVMEP (S RSX PSEH XLI XVERWTSVX ZILMGPI WS LMKL XLEX XLI KVEF QEXIVMEP GSYPH HVST SYX SZIV XLI [EPPW SJ XLI ZILMGPI )RWYVI XLEX RSFSH] MW WXERHMRK MR XLI HERKIV EVIE SV MR XLI XVERWTSVX ZILMGPI [LIR PSEHMRK (S RSX WPI[ XLI IUYMTQIRX SZIV XLI HVMZIVvW GEF *MK )QTX]MRK KVEF QEXIVMEP -J TSWWMFPI XLI QEGLMRI WLSYPH WXERH LMKLIV XLER XLI XV
PAGE 184
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW +IRIVEP [SVOMRK QIXLSHW ;SVOMRK [MXL XLI GPEQWLIPP FYGOIX GSRWXVYGXMSR IUYMTQIRX (ERKIV 6MWO SJ JEXEP MRNYV] ERH HEQEKI XS XLI QEGLMRI HYI XS E W[MRKMRK WLIPP X]TI FYGOIX )RWYVI XLEX XLI WLIPP X]TI FYGOIX HSIW RSX W[MRK XSS GPSWI XS XLI GEF 8LI WLIPP X]TI FYGOIX GSYPH HEQEKI XLI GEF [LIR W[MRKMRK ERH MRNYVI XLI QEGLMRIvW STIVEXSV )RWYVI XLEX XLI WLIPP X]TI FYGOIX HSIW RSX W[MRK XS[EVHW ER]SRI MR XLI [SVOMRK EVIE 8LI WLIPP X]TI FYGOIX GSYPH MRNYV
PAGE 185
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR +IRIVEP [SVOMRK QIXLSHW 'PSWI XLI KVEF WLIPPW 6EMWI XLI WXMGO WPMKLXP] [LIR HSMRK XLMW MR SVHIV XS VIHYGI KVSYRH TVIWWYVI (ERKIV 8LI HIZMGI GSYPH PMJX SYX [LIR GPSWMRK XLI WLIPP X]TI FYGOIX *MK 6EMWMRK KVEF QEXIVMEP 'PSWI XLI KVEF WLIPPW JYPP] 6EMWI XLI FSSQ 1SZI XLI QEGLMRI XS XLI YRPSEHMRK EVIE IK XVERWTSVX ZILMGPI *MK )QTX]MRK KVEF QEXIVMEP 7PI[ XLI WXMGO SYX EW JEV EW TSWWMFPI XS TVIZIRX ER] VMWO HYI XS XLI W[MRKMRK KVEF 3TIR XLI
PAGE 186
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW +IRIVEP [SVOMRK QIXLSHW ,SMWXMRK [SVO ,SMWXMRK [SVO MW YRHIVWXSSH EW FIMRK PMJXMRK XVERWTSVXMRK ERH YRPSEHMRK PSEHW YWMRK E WIGYVMRK QIXLSH VSTI GLEMR IXG ERH [LIVI TIVWSRRIP EVI VIUYMVIH XS EWWMWX MR WIGYVMRK ERH YRPSEHMRK XLI PSEH 8LMW MRGPYHIW JSV I\EQTPI XLI PMJXMRK ERH YRPSEHMRK SJ TMTIW WLEJX XST WYTTSVXMRK VMRKW SV GSRXEMRIVW (ERKIV 8LI QEGLMRI QE] SRP] FI STIVEXIH JSV LSMWXMRK [SVO MJ XLI TVIWGVMFIH WEJIX] HI ZMGIW EVI TVIWIRX ERH
PAGE 187
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR +IRIVEP [SVOMRK QIXLSHW WWWW WWWWWW WWWWWWW WWWWWW WWWWWW WWWWWW WWWWWW WW (ERKIV 8LI L]HVEYPMG LEQQIV QYWX FI WIPIGXIH ZIV] GEVIJYPP] 3TIVEXMRK VIUYMVIW MRGVIE WIH GEVI ERH EXXIRXMSR 3RP] YWI L]HVEYPMG LEQQIVW ETTVSZIH F] 0-)&,)66 8LI YWI SJ E L]HVEYPMG LEQQIV RSX ETTVSZIH F] 0-)&,)66 GSYPH HEQEKI WXIIP TEVXW SV SXLIV QEGLMRI GSQTSRIRXW 3RP] YWI XLI L]HVEYPMG LEQQIV XS FVIEO YT VSGOW GSRGVIXI ERH SXLIV FVIEOEFPI SFNIGXW 8S EZSMH HEQEKMRK XLI QEGLMRI
PAGE 188
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW +IRIVEP [SVOMRK QIXLSHW *MK 4IVQMWWMFPI % ERH RSX TIVQMWWMFPI & [SVO EVIEW SJ XLI QEGLMRI [MXL L] HVEYPMG LEQQIV (ERKIV 8LI WXEFMPMX] SJ XLI QEGLMRI GSYPH FI EJJIGXIH ;LIR YWMRK E L]HVEYPMG LEQQIV SRP] [SVO [MXL XLI QEGLMRI MR EVIE % ;SVOMRK [MXL XLI KVETTPI MRHYWXVMEP IUYMTQIRX 8LI QEGLMRI QYWX FI MR XLI [SVOMRK TSWMXMSR *MK 8EOMRK YT XLI PSEH 8EOI XLI PSEH YT EFSZI XLI WYTTSVXIH GSVRIVW SJ XLI QEGLMRI XS EXXEMR QE\MQYQ WXEFMPMX
PAGE 189
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR +IRIVEP [SVOMRK QIXLSHW *MK 8VERWTSVXMRK E PSEH 8VERWTSVX XLI PSEH GPSWI XS XLI GLEWWMW FYX [MXL WYJJMGMIRX WEJIX] HMWXERGI XS XLI GEF W[MRKMRK KVEF ERH EW GPSWI XS XLI KVSYRH EW TSWWMFPI 'EYXMSR 4EVXMGYPEVP] [LIR PSEHMRK [SSH MX GER FI RIGIWWEV] [LIR [SVOMRK [MXL E KVEF XS QSZI [MXL XLI [SVOMRK IUYMTQIRX VEMWIH ERH XLI PSEH XEOIR YT 8LMW [MPP WLMJX XLI GIRXVI SJ KVEZMX] SJ XLI QEGLMRI YT[EVHW 8LI [E] XLI QEGLMRI HVMZIW [MPP FI RI KEXMZIP] E
PAGE 190
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW 8VERWTSVX (ERKIV 7IVMSYW VMWO SJ MRNYV] [LIR QSZMRK XLI QEGLMRI )RWYVI XLEX RSFSH] MW WXERHMRK [MXLMR XLI [SVOMRK EVIE SJ XLI QEGLMRI 'EYXMSR 8LI QEGLMRI GSYPH FI HEQEKIH 2IZIV QSZI XLI QEGLMRI [LMPI XLI [SVO IUYMTQIRX MW XSYGLMRK XLI KVSYRH 8S WOMQ [MXL E FEGOLSIWXMGO FYGOIX PE] XLMW SR XLI KVSYRH WMILI *MK ERH QSZI XLI WXMGO WPS[P] JSV[EVHW ERH FEGO[EVHW 1SZI XLI FSSQ WXIEHMP] YT ERH HS[R [LMPI XLI WXMGO MW QSZMRK -J E WOMQQMRK WLMIPH MW
PAGE 191
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR 8VERWTSVX z &IJSVI XVERWTSVXEXMSR JMRH SYX EPP HIXEMPW EFSYX XLI VSYXI XS FI XVEZIPPIH TEVXMGY PEVP] EW XLI] VIPEXI XS [MHXL LIMKLX ERH [IMKLX VIWXVMGXMSRW z 4E] TEVXMGYPEV EXXIRXMSR [LIR HVMZMRK YRHIV IPIGXVMGEP PMRIW ERH FVMHKIW ERH XL VSYKL XYRRIPW z ;LIR YRPSEHMRK XLI QEGLMRI XEOI XLI WEQI EQSYRX SJ GEVI EW [EW XEOIR [LIR MX [EW PSEHIH 6IQSZI EPP GLEMRW ERH FPSGOW 7XEVX XLI IRKMRI EW TIV XLI STIVEXMRK MRWXVYGXMSRW (VMZI GEVIJYPP] SJJ XLI XVE
PAGE 192
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW 8VERWTSVX (ERKIV -J XLI YTTIV GEVVMEKI MW VSXEXIH XS XLI GLEWWMW XLI HVMZMRK ERH WXIIVMRK HMVIG XMSRW EVI VIZIVWIH (VMZI ERH WXIIV [MXL MRGVIEWIH GEYXMSR *SV WIRWMXMZI HVMZMRK MRWIVX XLI PIZIV [LMGL MW JSYRH MR XLI XSSP OMX MRXS XLI TIHEPW JSV XLI HVMZI YRMXW %PMKR XLI QEGLMRI TVIGMWIP] XS XLI PSEHMRK VEQT (VMZI XLI QEGLMRI SRXS XLI PS[ PSEHIV 2SXI 2SXI ,EZI E WMKREPPIV TVSZMHI XLI RIGIWWEV] WMKRW 6SXEXI XLI YTTIV GEVVMEKI GEVIJYPP] HMV
PAGE 193
3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH STIVEXMSR 8VERWTSVX SR XLI GLEWWMW 7IGYVI XIRWMSR GEFPIW ERH XIRWMSR GLEMRW SR XLI PS[ PSEHIV EGGSVHMRK XS X]TI 8VERWTSVX VSYXI (ERKIV (VMZMRK FIRIEXL SFWXEGPIW [LMGL EVI XSS PS[ GER GEYWI WIVMSYW EGGMHIRXW (ERKIV (VMZI YRHIV SFWXEGPIW TEVXMGYPEVP] IPIGXVMGEP PMRIW [MXL MRGVIEWIH GEYXMSR *MRH SYX EFSYX XLI VSYXI XS FI XVEZIPPIH FIJSVI WXEVXMRK XLI NSYVRI] 0SEHMRK XLI QEGLMRI [MXL E GVERI -J XLI QEGLMRI MW XS FI PSEHIH YWMRK E GVERI IK SRXS WLMTW SV V
PAGE 194
'SRXVSP ERH STIVEXMSR 3TIVEXMRK MRWXVYGXMSRW 8VERWTSVX (ERKIV 7XERHMRK YRHIV XLI VEMWIH QEGLMRI MW RSX TIVQMXXIH 6EMWI XLI QEGLMRI GEVIJYPP] [MXL XLI GVERI ERH PSEH ;LIR VIWXEVXMRK XLI QEGLMRI TVSGIIH SRP] MR EGGSVHERGI [MXL XLI STIVEXMRK ERH QEMRXIRERGI MRWXVYGXMSRW 0SEHMRK E QEGLMRI [MXL EHNYWXMRK IUYMTQIRX *MK 0SEHMRK E QEGLMRI [MXL EHNYWXMRK IUYMTQIRX 3RP] YWI GEVKS LERHPMRK KIEV [LMGL MW WYJJMGMIRXP] HMQIRWMSRIH SV [LMGL LEW FIIR WTIGMEPP] HIZIPSTIH F] 0-)&,)66 JSV XLMW TYVTSWI )\
PAGE 195
1EPJYRGXMSRW ;EVRMRK QIWWEKIW ERH JEYPX QIWWEKIW z :EVMSYW JEYPXW EVI HMWTPE]IH SR WGVIIR MR XLI JSVQ SJ MRHMGEXSV PMKLXW SV W]QFSPW WII GLETXIV w'SRXVSP ERH STIVEXMRK IPIQIRXWx z ;EVRMRK JYRGXMSRW GER EPWS FI WYTTSVXIH EGSYWXMGEPP] FY^^IV -HIRXMJ]MRK ERH VIGXMJ]MRK JEYPXW ERH IVVSVW z *EYPXW GER ZIV] SJXIR FI XVEGIH FEGO XS MRGSVVIGX STIVEXMRK SV QEMRXIRERGI SJ XLI QEGLMRI *SV IEGL JEYPX XLIVIJSVI VIEH XLI VIPIZERX GLETXIV MR XLI STIVEXMRK MRWXVYG XMSRW GEVIJYPP] SRGI QSVI z %REP]WI XLI GEY
PAGE 196
1EPJYRGXMSRW 3TIVEXMRK MRWXVYGXMSRW )VVSV GSHI GLEVXW )VVSV GSHI GLEVXW (ERKIV ;LIR W[MXGLMRK SZIV XS IQIVKIRG] STIVEXMSR XLI WTIIH GER RS PSRKIV FI GLERKIH YWMRK XLI EVVS[ OI]W SR XLI QSRMXSVMRK WGVIIR 8LI WIVZS GSRXVSP TEVOMRK FVEOI ERH WPI[MRK KIEV FVEOI GER RS PSRKIV FI EGXMZEXIH 4PIEWI EPWS RSXI XLI WYFLIEHMRK w)QIVKIRG] STIVEXMSRWx MR XLI GLETXIV w3TIVEXMRK XLI QEGLMRIx MR XLMW VIKEVH 7IRWSVW )VVSV GSHI )JJIGX 'EYWI 1IEWYVI VIQIH] ) )RKMRI SMP RSX FIMRK QSRM XSVIH
PAGE 197
3TIVEXMRK MRWXVYGXMSRW 1EPJYRGXMSRW )VVSV GSHI GLEVXW 6IKYPEXMRK GMVGYMX )VVSV GSHI )JJIGX 'EYWI 1IEWYVI VIQIH] ) *EYPX] L]HVEYPMG TS[IV 06 GEFPI IVVSV EX SYXTYX WXEKI JSV TS[IV GSRXVSP SJ L]HVEYPMG TYQT 7[MXGL XS IQIVKIRG] GSRXVSP WTIIH EHNYWXQIRX 7 ERH 7 ERH IQIVKIRG] STIVEXMSR [SVO TYQTW = GSRWYPX 0-)&,)66 GYWXSQIV WIVZMGI ) 1E\MQYQ JER WTIIH ): GEFPI IVVSV EX SYXTYX WXEKI SJ IPIGXVMG ZEPZI JSV L]HVEYPMG JER GSRXVSP 'SRWYPX 0-)&,)66 GYWXSQIV WIVZMGI )
PAGE 198
1EPJYRGXMSRW 3TIVEXMRK MRWXVYGXMSRW )VVSV GSHI GLEVXW /I]TEH )VVSV GSHI )JJIGX 'EYWI 1IEWYVI VIQIH] ) 2S IRXV] TSWWMFPI YWMRK OI]TEH 2S GSHMRK TPYK 'SRWYPX 0-)&,)66 GYWXSQIV WIVZMGI ) (MIWIPQSXSVHVIL^ELP OERR RMGLX QILV àFIV 8EWXEXYV ZIV WXIPPX [IVHIR VIHY^MIVXI L] HVEYPMWGLI 0IMWXYRK 2S '%2 FYW GSRRIGXMSR FIX[IIR OI]TEH ERH FYW EVFMXIV FSEVH QIWWEKI EPWS ETTIEVW MJ FYW EVFMXIV RSX STIVEXMRK I K MJ RS TS[IV WYTTP] MW TVIWIRX 7[MXGL XS IQIVKIRG] GSRXVSP WTII
PAGE 199
3TIVEXMRK MRWXVYGXMSRW 1EPJYRGXMSRW )VVSV GSHI GLEVXW 3XLIV IVVSVW )VVSV GSHI )JJIGX 'EYWI 1IEWYVI VIQIH] ) 8VEZIP YWI GERRSX FI VIGSVH IH 7LSVX GMVGYMX : GSRWYPX 0-)&,)66 GYWXSQIV WIVZMGI %YXSQEXMG MHPMRK SR PIJX NS] WXMGO HSIW RSX JYRGXMSR MI XLI IRKMRI VIQEMRW EX PS[ WTIIH 7LSVX GMVGYMX : %YXSQEXMG MHPMRK SR VMKLX NS]WXMGO HSIW RSX JYRGXMSR MI XLI IRKMRI VIQEMRW EX PS[ WTIIH 7LSVX GMVGYMX : 7LSVX GMVGYMX : ) 6SXEXMSR YWI GERRSX FI VI GS
PAGE 200
1EPJYRGXMSRW 3TIVEXMRK MRWXVYGXMSRW *EYPXW ERH VIQIHMIW *EYPXW ERH VIQIHMIW (MIWIP IRKMRI ERH JYIP W]WXIQ *EYPX IVVSV (MIWIP IRKMRI HSIW RSX WXEVX 'EYWI 7SPYXMSR *YIP XERO EPQSWX SV GSQTPIXIP] IQT X] *MPP XERO ERH ZIRX JYIP W]WXIQ 0S[ TVIWWYVI MR XERO 6IQSZI JYIP JMPPIV GET *YIP JMPXIV HMVX] 'PIER SV GLERKI JMPXIV ERH ZIRX JYIP W]WXIQ HVEMR JYIP GPIER XERO 3YXWMHI XIQTIVEXYVI FIPS[ ' *SV STIVEXMSR YRHIV WTIGMJMG GPMQEXMG GSRHMXMSRW WII STIVEXMRK MRWXVYG XMSRW 7XEVXIV QS
PAGE 201
3TIVEXMRK MRWXVYGXMSRW 1EPJYRGXMSRW *EYPXW ERH VIQIHMIW *EYPX IVVSV 'EYWI (MIWIP IRKMRI GSRWYQIW XSS QYGL SMP )\XIVREP PIEO SR HMIWIP IRKMRI 3MP MR GSSPERX SV GSSPERX MR SMP 6IXMKLXIR WGVI[W VITPEGI WIEPW MJ VIUYMVIH 'SRWYPX GYWXSQIV WIVZMGI 9RYWYEP RSMWI WSYRHHIZIPSTQIRX SR I\LEYWX WMHI 7SPYXMSR )\LEYWX W]WXIQ PIEOMRK 'LIGO I\LEYWX W]WXIQ VITEMV ,]HVEYPMG W]WXIQ *EYPX IVVSV 'EYWI 7SPYXMSR 9RYWYEP RSMWI WSYRHHIZIPSTQIRX EX L]HVEYPMG TYQTW 2SXI 7[MXGL SJJ HMIWIP IRKMRI
PAGE 202
1EPJYRGXMSRW 3TIVEXMRK MRWXVYGXMSRW *EYPXW ERH VIQIHMIW 8VERWQMWWMSR *EYPX IVVSV 'EYWI 7SPYXMSR 3MP JPS[MRK SYX SR XVEGO VSPPIVW WYT TSVX VSPPIVW SV PIEHMRK [LIIP 7IEP HIJIGXMZI 6ITPEGI WIEP -RWYJJMGMIRX GVE[PIV XVEGOMRK SR PIEH MRK [LIIP 0IEHMRK [LIIP XVEGOMRK SR XVEGO VSPP IV QSYRXMRK LEW XSS QYGL TPE] %HNYWX XLI PIEHMRK [LIIP XVEGOMRK TPE] 'VE[PIV NYQTW SJJ SV SZIV 'VE[PIV XIRWMSR XSS PS[ GVE[PIV [LIIP [SVR %HNYWX GVE[PIV XIRWMSR 'SVVIGXP] XIRWMSRIH GVE[PIV PSWMRK XIRWMS
PAGE 203
3TIVEXMRK MRWXVYGXMSRW 1EPJYRGXMSRW *YWIW ERH VIPE]W ,IEXMRK EMV GSRHMXMSRMRK W]WXIQ *EYPX IVVSV 'EYWI ,IEXMRK RSX KMZMRK SYX [EVQ EMV ,IEXMRK JER HSIW RSX STIVEXI 3RP] PS[ EMV JPS[ MR GEF 7SPYXMSR 7LYXSJJ ZEPZIW JSV GSSPERX PMRI SR HMIWIP IRKMRI GPSWIH 3TIR WLYXSJJ ZEPZI )RKMRI RSX EX STIVEXMRK XIQTIVEXYVI &VMRK IRKMRI XS STIVEXMRK XIQTIVE XYVI 2S TS[IV WYTTP] 'LIGO JYWI ERH [MVMRK VITEMV *ER QSXSV HIJIGXMZI 'LERKI JER QSXSV 3YXWMHI EMV JMPXIV VIGMVGYPEXIH EMV JMP XIV
PAGE 204
1EPJYRGXMSRW 3TIVEXMRK MRWXVYGXMSRW *YWIW ERH VIPE]W * % * % 1EMR JYWI WLYXSJJ WSPIRSMH * % ,E^EVH [EVRMRK W]WXIQ * % ,IEXMRK ERH EMV GSRHMXMSRMRK W]WXIQ XIVQMREP * % ,IEXMRK ERH EMV GSRHMXMSRMRK W]WXIQ XIVQMREP 4VILIEXMRK MRNIGXMSR WSPIRSMH ZEPZI VIJYIPPMRK TYQT * Ä * % 6IPE]W JSV STXMSRW / 6IPE] IRKMRI WXEVXIV / 6IPE] WLYXSJJ WSPIRSMH / 1EMR VIPE] XIVQMREP / 4VILIEXMRK VIPE] XIVQMREP STXMSREP I\XVE
PAGE 205
3TIVEXMRK MRWXVYGXMSRW 1EPJYRGXMSRW *YWIW ERH VIPE]W )74 FSEVH %PP SXLIV JYWIW EVI WMXYEXIH MR XLI PIJX GSRXVSP TERIP SJ XLI STIVEXSVvW WXERHMRK TSWMXMSR (ERKIV -RGSVVIGX SV F]TEWWIH JYWIW HS RSX SJJIV XLI QEGLMRI W STIVEXSV SV XLI IPIGXVMGEP W]WXIQ XLI VIUYMVIH HIKVII SJ TVSXIGXMSR 3RP] YWI SVMKMREP JYWIW 2IZIV F]TEWW IPIGXVMGEP JYWIW -J VIUYMVIH SVHIV VITPEGIQIRX JYWIW JVSQ 0-)&,)66 *MK 6 0MXVSRMG *YWIW ERH VIPE]W )74 FSEVH
PAGE 206
1EPJYRGXMSRW 3TIVEXMRK MRWXVYGXMSRW *YWIW ERH VIPE]W * % 6IWIVZI * % 6IWIVZI * % 6IWIVZI * % ;MRHWGVIIR [EWLMRK W]WXIQ [MRHWGVIIR [MTIV W]WXIQ VIPE] TVILIEXMRK XIVQMREP KVEF HMWGSRRIGXMSR WPI[ MRK KVEF VSXEXMRK FIEGSR EHHMXMSREP GEF LIEH PMKLX * % ;MRHWGVIIR [MTIV QSXSV * % 7TIIH EHNYWXQIRX MR w1%29x GSRXVSP * % /I]FSEVH ERH HMWTPE] * % 7EJIX] PIZIV WSPIRSMH ZEPZI JSV WIVZS GSRXVSP WPI[MRK KIEV FVEOI JEWX HVMZI *
PAGE 207
3TIVEXMRK MRWXVYGXMSRW 1EPJYRGXMSRW *YWIW ERH VIPE]W % FSEVH %PP SXLIV JYWIW EVI WMXYEXIH MR XLI PIJX GSRXVSP TERIP SJ XLI STIVEXSVvW WXERHMRK TSWMXMSR (ERKIV -RGSVVIGX SV F]TEWWIH JYWIW HS RSX SJJIV XLI QEGLMRI W STIVEXSV SV XLI IPIGXVMGEP W]WXIQ XLI VIUYMVIH HIKVII SJ TVSXIGXMSR 3RP] YWI SVMKMREP JYWIW 2IZIV F]TEWW IPIGXVMGEP JYWIW -J VIUYMVIH SVHIV VITPEGIQIRX JYWIW JVSQ 0-)&,)66 *MK 6 0MXVSRMG *YWIW ERH VIPE]W % FSEVH / 6IPE] [MRHWGVIIR [MTIV W]WXIQ /
PAGE 208
1EMRXIRERGI 7IVZMGMRK XLI QEGLMRI WEJIP] +IRIVEP WEJIX] MRWXVYGXMSRW z 1EMRXIRERGI ERH VITEMV [SVO QE] SRP] FI GEVVMIH SYX F] WTIGMEPP] XVEMRIH TIVWSR RIP z 3FWIVZI WXEXYXSV] XMQIXEFPIW SV MRXIVZEPW KMZIR MR XLI STIVEXMRK MRWXVYGXMSRW JSV VI TIEX XIWXW MRWTIGXMSRW -X MW MQTIVEXMZI XLEX E WYMXEFP] IUYMTTIH [SVOWLST MW EZEM PEFPI MR SVHIV XS GEVV] SYX QEMRXIRERGI [SVO z 8LI MRWTIGXMSR ERH QEMRXIRERGI WGLIHYPI KMZIR EX XLI IRH SJ XLIWI STIVEXMRK MR WXVYGXMSRW HIJMRIW TVIGMWIP] [LS MW V
PAGE 209
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW 7IVZMGMRK XLI QEGLMRI WEJIP] z (S RSX YWI GSQFYWXMFPI PMUYMHW XS GPIER XLI QEGLMRI z &IJSVI GPIERMRK XLI QEGLMRI [MXL [EXIV SV WXIEQ NIXW LMKL TVIWWYVI GPIERIV SV SXLIV GPIERMRK QEXIVMEPW y PYFVMGEXI EPP FIEVMRK TSMRXW FSPX GSRRIGXMSRW ERH XLI VMQ FIEVMRK XS TVIZIRX [E XIV SV WXIEQ IRXIVMRK XLI FIEVMRK TSMRXW y GSZIV SV KPYI WLYX EPP STIRMRKW MRXS [LMGL JSV WEJIX] SV JYRGXMSREP VIEWSRW [EXIV SV WXIEQ QE] RSX FI TIVQMXXIH XS IRXIV )PIGXVMG QSXSVW IPIGXVMG
PAGE 210
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI 7IVZMGMRK XLI QEGLMRI WEJIP] z 8LI GVEGO XIWX WLSYPH FI GEVVMIH SYX ZMWYEPP] -J E GVEGO MW WYWTIGXIH XLI H]I TI RIXVEXMSR XIWX WLSYPH FI GEVVMIH SYX EW E GVEGO XIWX SR EVIEW [LMGL HS RSX LEZI KSSH ZMWMFMPMX] WYGL EW XLI VMQ FIEVMRK WYTTSVX MR SVHIV XS MRGVIEWI XIWXMRK WEJIX] z %R] HEQEKI JSYRH QYWX FI VIGXMJMIH MQQIHMEXIP] ;IPHMRK [SVO SR PSEH FIEVMRK TEVXW SJ XLI IEVXL QSZMRK QEGLMRIV] PSEHMRK HIZMGIW ERH XVERWTSVX HIZMGIW QE] SRP] FI GEVVMIH SYX F] XVEMRI
PAGE 211
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW 7IVZMGMRK XLI QEGLMRI WEJIP] z ;LIR [SVOMRK EFSZI FSH] LIMKLX YWI WEJI GPMQFMRK HIZMGIW ERH [SVOMRK TPEX JSVQW [LMGL EVI ETTVSTVMEXI JSV XLI NSF (S RSX YWI QEGLMRI TEVXW EW GPMQFMRK HIZMGIW MJ XLI] EVI RSX HIWMKRIH JSV XLMW TYV TSWI ;LIR [SVOMRK EX LIMKLX [IEV E LEVRIWW XS TVIZIRX JEPPMRK )RWYVI XLEX EPP KVMTW WXITW VEMPW TPEXJSVQW ERH PEHHIVW EVI JVII SJ HMVX WRS[ ERH MGI z &I WYVI XS WYTTSVX ]SYVWIPJ WEJIP] [LIR [SVOMRK SR XLI IUYMTQIRX I K VITP
PAGE 212
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI 7IVZMGMRK XLI QEGLMRI WEJIP] *MVWX HMWGSRRIGX XLI RIKEXMZI XLIR XLI TSWMXMZI TSPI ;LIR VIGSRRIGXMRK TVSGIIH MR XLI VIZIVWI SVHIV ,]HVEYPMG EGGYQYPEXSV z %PP [SVO SR XLI L]HVEYPMG EGGYQYPEXSVW QYWX FI GEVVMIH SYX F] XVEMRIH WTIGMEPMWX TIVWSRRIP z -RI\TIVX EWWIQFP] ERH LERHPMRK SJ L]HVEYPMG EGGYQYPEXSVW GER GEYWI WIVMSYW EG GMHIRXW z (S RSX STIVEXI HEQEKIH L]HVEYPMG EGGYQYPEXSVW z &IJSVI [SVOMRK SR E L]HVEYPMG EGGYQYPEXSV ]SY QYWX VIHYGI XLI TVIWWYV
PAGE 213
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI EGGIWW HSSVW y 2SR EHLIVIRGI XS VIUYMVIQIRXW HYVMRK MRWXEPPEXMSR y (EQEKI SV HIJSVQEXMSRW XS XLI LSWI JMXXMRKW [LMGL VIHYGI XLI XMKLXRIWW SJ XLI JMXXMRKW SV XLI LSWI JMXXMRK GSRRIGXMSR y ,SWIW [SVOMRK XLIQWIPZIW SYX SJ XLI JMXXMRKW y 'SVVSWMSR SJ XLI JMXXMRKW [LMGL VIHYGIW JYRGXMSR ERH XMKLXRIWW z ;LIR VITPEGMRK LSWIW ERH WLIEXLIH GEFPIW YWI SRP] SVMKMREP VITPEGIQIRX TEVXW z -RWXEPP ERH QSYRX LSWIW ERH WLIEXLIH GEFPIW GSVVIGXP] (S RSX QM\ YT
PAGE 214
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI 1EMRXIRERGI EGGIWW HSSVW 8LI QEGLMRI LEW EGGIWW HSSVW JSV QEMRXIRERGI 8LI PSGOW MRXIKVEXIH MR XLI LERH PIW QYWX FI YRPSGOIH FIJSVI WXEVXMRK XS HVMZI 'EYXMSR %GGIWW HSSVW GER GPSWI EGGMHIRXEPP] ERH XVET XLI STIVEXSV SV QEMRXIRERGI TIVWSR RIP ;LIR ]SY LEZI STIRIH XLI EGGIWW HSSVW PEXGL XLIQ YWMRK XLI VIXEMRIV %GGIWW HSSV 0SGO %GGIWW XS 'IRXVI GSZIV +EW TVIWWYVI WTVMRK EY \MPMEV] QIGLERMGEP VIXEM RIV z (MIWIP IRKMRI +EW TVIWWYVI WTVMRK z (MIWIP IRKMRI
PAGE 215
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW 0YFVMGEXMRK ERH STIVEXMRK QEXIVMEPW )RKMRI LSSH PSGO *MK )RKMRI LSSH PSGO 9RPSGO XLI IRKMRI LSSH YWMRK HSSV PSGO ERH TYWL FEGO 'EYXMSR 8LI IRKMRI LSSH QSZIW [MXL XLI EWWMWXERGI SJ X[S KEW TVIWWYVI WTVMRKW 8LIWI LSPH XLI IRKMRI LSSH STIR ;MXL SPHIV KEW TVIWWYVI WTVMRKW XLI VIXEMRMRK TS[IV GER HVST SJJ ERH XLI IRKMRI LSSH GSYPH PS[IV EGGMHIRXEPP] %P[E]W WIGYVI XLI IRKMRI LSSH EHHMXMSREPP] YWMRK QIGLERMGEP VIXEMRIV 0YFVMGEXMRK ERH STIVEXMRK
PAGE 216
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI 0YFVMGEXMRK ERH STIVEXMRK QEXIVMEPW 2SXI 'PIERPMRIWW MW SJ XLI YXQSWX MQTSVXERGI [LIR GLERKMRK SMP 'PIER EPP JMPPIV TPYKW JMPPIV GSZIVW ERH HVEMR TPYKW ERH XLIMV WYVVSYRHMRKW FIJSVI STIRMRK *SV TVIJIVIRGI HVEMR SJJ SMP [LIR MX MW EX STIVEXMRK XIQTIVEXYVI )RWYVI XLEX SPH SMPW EVI GSPPIGXIH ERH HMWTSWIH SJ MR ER IRZMVSRQIRXEPP] EGGIT XEFPI QERRIV YWMRK XLI VIQSZEFPI SMP JMPXIV GEVXVMHKIW (ERKIV ;LIR GLIGOMRK ERH GLERKMRK PYFVMGEXMSR ERH STIVEXMRK QEXIVMEPW IRWY
PAGE 217
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW 0YFVMGEXMRK ERH STIVEXMRK QEXIVMEPW 0YFVMGEXMSR GLEVX *MK 0YFVMGEXMSR GLEVX 6 & 0MXVSRMG 6 0MXVSRMG
PAGE 218
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI 0YFVMGEXMRK ERH STIVEXMRK QEXIVMEPW 0YFVMGERX GLEVX (IWMKREXMSR 1IHMYQ (MIWIP IRKMRI )RKMRI SMP 7]QFSP 'PEWWMJMGEXMSR :MWGSWMX] '- %4- '+ '* %')% ) ) ) ) ''1' ( ( 7%) ; 7%) ; 7%) ; 7%) ; 7%) ; )3 )3 )3 )3 5YERXMX ] PMXVIW 72 72 ,]HVEYPMG XERO )RKMRI SMP %4- '( '( 7* %')% ) ) ''1' ( ( 1IVGIHIW &IR^ YRH YRH 7%) ; 7%)
PAGE 219
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW 0YFVMGEXMRK ERH STIVEXMRK QEXIVMEP WTIGMJMGEXMSRW 3TIVEXMRK QEXIVMEP GLEVX (IWMKREXMSR 1IHMYQ *YIP XERO 'SQQIVGMEPP] EZEMPEFPI HMIWIP JYIP [MXL WYPTLYV GSRXIRX ! 'SSPERX %RXM GSVVSWMSR JPYMH ERH ERXMJVII^I *MPP [MXL ('% '- ! 74 ' ;MRHWGVIIR [EWLMRK W]W XIQ 'SQQIVGMEPP] EZEMPEFPI [MRHWGVIIR [EWLMRK JPYMH SV QI XL]PEXIH EPGSLSP %MV GSRHMXMSRMRK W]WXIQ VI JVMKIVERX 6 E OK 6IJVMKIVERX SMP MR % ' GSQ TVIWWSV 40%2)8
PAGE 220
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI 0YFVMGEXMRK ERH STIVEXMRK QEXIVMEP WTIGMJMGEXMSRW 2SXI % WIPIGXMSR FEWIH SR XLI 7%) GPEWW HSIW RSX TVSZMHI ER] MRHMGEXMSR SR XLI UYEPMX] SJ XLI PYFVMGEXMRK SMP 2SXI 8LI IRKMRI SMP JSV XLI HMIWIP IRKMRI GER FI WIPIGXIH EGGSVHMRK XS XLI JSPPS[MRK JMKYVI *MK )RKMRI SMP JSV YWI EW PYFVMGEXMRK SMP JSV XLI HMIWIP IRKMRI 3MP GLERKI MRXIVZEPW JSV XLI XYVFSGLEVKIH IRKMRI 'SRHMXMSRW SJ YWI 7YPTLYV GSRXIRX MR JYIP 3MP GLERKI MRXIVZEP HITIRHIRX SR SMP UYEPMX] '*
PAGE 221
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW 0YFVMGEXMRK ERH STIVEXMRK QEXIVMEP WTIGMJMGEXMSRW 8LI WYPTLYV GSRXIRX WLSYPH RSX I\GIIH [IMKLX TIVGIRX % LMKLIV WYPTLYV GSRXIRX [MPP EJJIGX XLI SMP GLERKI MRXIVZEPW ERH IRKMRI PMJI (MIWIP JYIPW [MXL E WYPTLYV GSRXIRX " EVI RSX TIVQMXXIH 4IVQMXXIH JYIP WTIGMJMGEXMSRW (-2 )2 %781 ( E ( ERH ( (MIWIP JYIPW EGG XS (-2 )2 [MXL YT XS :SP *%1) 3RP] YWI SXLIV JYIP WTIGMJMGEXMSRW EJXIV GSRWYPXMRK 0-)&,)66 HMIWIP IRKMRI HIZIPST QIRX
PAGE 222
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI 0YFVMGEXMRK ERH STIVEXMRK QEXIVMEP WTIGMJMGEXMSRW 0YFVMGEXMRK ZEPYI 8LI VIHYGXMSR SJ WYPTLYV GSRXIRX LEW VEMWIH XLI TVSFPIQ SJ HMIWIP JYIP PYFVMGEXMSR GLE VEGXIVMWXMGW -X LEW FIIR WLS[R XLEX HMIWIP JYIPW GSRXEMRMRK XLI QE\MQYQ TIVQMXXIH )YVSTIER WYPTLYV PMQMX SJ [IMKLX TIV GIRX GER GEYWI XLI JYIP MRNIGXMSR W]WXIQ XS [IEV TEVXMGYPEVP] ETTPMGEFPI XS HMWXVMFYXSV X]TI MRNIGXMSR TYQTW u&VERHIHv JYIPW MR +IVQER] GSRXEMR PYFVMGEXMSR EHHMXMZIW MR XLIMV EHHMXMZI TEGOE
PAGE 223
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW 0YFVMGEXMRK ERH STIVEXMRK QEXIVMEP WTIGMJMGEXMSRW *MK )RKMRI SMPW JSV YWI EW L]HVEYPMG SMP ;EVQ YT WTIGMJMGEXMSR %X XIQTIVEXYVIW YT XS ' FIPS[ XLI KMZIR PMQMX FPEGO FEV XLI JSPPS[MRK [EVQ YT WTIGMJMGEXMSR ETTPMIW 3RP] EHNYWX XLI HMIWIP IRKMRI EJXIV WXEVXMRK XS ETTVS\ VEXIH WTIIH 3TIVEXI XLI L]HVEYPMG G]PMRHIV ERH QSXSVW QSZI G]PMRHIV FVMIJP] XS XLI WXST ;EVQ YT HYVEXMSR ETTVS\ QMRYXIW %X IZIR PS[IV XIQTIVEXYVIW 4VI[EVQ XLI SMP VIWIVZSM
PAGE 224
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI 0YFVMGEXMRK ERH STIVEXMRK QEXIVMEP WTIGMJMGEXMSRW ,]HVEYPMG SMP QSRMXSVMRK MR RSVQEP YWI *MK 8EOMRK SMP WEQTPIW ERH GLERKMRK JMPXIVW YRHIV RSVQEP STIVEXMRK GSRHXM SRW 8EOMRK SMP WEQTPIW *MVWX SMP WEQTPI *MPXIV GLERKI 7IGSRH SMP WEQTPI L 3TIVEXMRK LSYVW *YVXLIV SMP WEQTPIW IZIV] STIVEXMRK LSYVW 3MP GLERKI EGGSVHMRK XS EREP]WMW ERH PEF VITSVX 'LERKI MRXIVZEPW JSV L]HVEYPMG SMP VIXYVR PMRI JMPXIV Q MRMXMEPP] EJXIV STIVEXMR
PAGE 225
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW 0YFVMGEXMRK ERH STIVEXMRK QEXIVMEP WTIGMJMGEXMSRW 2SXI 1EGLMRIW JMXXIH [MXL E L]HVEYPMG LEQQIV EX XLI [SVOW ERH VIXVSJMXXIH L]HVEYPMG LEQ QIV OMXW TSWWIWW XLIWI Q JMPXIV GEVXVMHKIW ERH Q ZIRX JMPXIVW 8VERWQMWWMSR SMP 8VERWQMWWMSR SMPW QYWX GSVVIWTSRH XS XLI WTIGMJMGEXMSRW z %4- +0 ERH 1-0 0 & SV ' SV ( JSV ZMWGSWMX] GPEWW 7%) *SV ZMWGSWMX] GPEWWIW 7%) ERH 7%) MR EGGSVHERGI [MXL 1-0 0 ( ER SMP SJ ZMWGSWMX] GPEWW 7%) ; GER FI
PAGE 226
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI 0YFVMGEXMRK ERH STIVEXMRK QEXIVMEP WTIGMJMGEXMSRW 1M\XYVI VEXMS [EXIV ERXM GSVVSWMSR ERXM JVII^I JPYMH 3YXWMHI XIQTIVEXYVI YT XS ;EXIV GSRXIRX MR %RXM GSVVSWMSR ERXM JVII^I JPYMH GSRXIRX MR ' * ' * 8EF 1M\XYVI VEXMS [EXIV ERXM GSVVSWMSR JPYMH ERXMJVII^I 6IJMPPMRK XLI GSSPMRK W]WXIQ &IJSVI VIJMPPMRK RI[ GSSPERX GLIGO XLEX XLI GSSPERX W]WXIQ MW GPIER ERH [EWL SYX MJ RIGIWWEV] ;LIR JMPPMRK JSV XLI JMVWX XMQI
PAGE 227
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW 0YFVMGEXMRK ERH STIVEXMRK QEXIVMEP WTIGMJMGEXMSRW 2SXI %P[E]W VITPEGI ER] PSWX GSSPERX [MXL E QM\XYVI SJ [EXIV ERH QMR :SP ERXM GSV VSWMSR ERXM JVII^I JPYMH 2IZIV PIX XLI ERXM GSVVSWMSR ERXM JVII^I GSRXIRX HVST FIPS[ :SP (S RSX YWI QSVI XLER ERXM GSVVSWMSR ERXM JVII^I JPYMH 8LI GSSPMRK TVSTIVXMIW ERH JVSWX TVSXIGXMSR [MPP VIHYGI EX LMKLIV GSRXIRX PIZIPW *MK 7IPIGX XLI ERXM JVII^I GSRGIRXVEXMSR PIZIP (IXIVQMRMRK XLI XST YT UYERXMX] I\E
PAGE 228
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
PAGE 229
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW 0YFVMGEXMRK ERH STIVEXMRK QEXIVMEP WTIGMJMGEXMSRW z WSJX I]I KYEVH SR I]ITMIGI z VMKMH QIXEP LSYWMRK z KSSH KVMT TVSZMHIH F] VYFFIV GEWMRK 1IEWYVIQIRX TVSGIHYVI 'EVIJYPP] GPIER XLI GSZIV ERH TVMWQ %TTP] SV HVSTW SJ XIWXMRK JPYMH XS XLI TVMWQ 'PSWI XLI JPET 8LI JPYMH [MPP HMWXVMFYXI MXWIPJ 0SSO EX E PMKLX FEGOKVSYRH XLVSYKL XLI I]ITMIGI *SGYW XLI WGEPI ERH VIEH SJJ XLI ZEPYI SR XLI FPYI PMRI 'SRZIVWMSR HMEKVEQ 2SXI 'SRGIRXVEXMSR QIEWYVIH YWMRK E &VM\ VIJVEGXSQI
PAGE 230
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI 0YFVMGEXMRK ERH STIVEXMRK QEXIVMEP WTIGMJMGEXMSRW 6IKYPEXMSRW SR JVIWL [EXIV UYEPMX] (VMROMRK [EXIV GPIEV [MXLSYX GSPPSYVMRK [MXLSYX QIGLERMGEP MQTYVMXMIW ERH [MXLMR ZE PYIW XSPIVERGIW SJ JSPPS[MRK EREP]WMW MW ETTVSTVMEXI 8LI HVMROMRK [EXIV EREP]WMW LEW XS FI EWOIH XS XLI GSQTIXIRX GSQQYREP EYXSVMXMIW 7IE [EXIV FVEGOMWL [EXIV FVMRI ERH MRHYWXVMEP [EWXI[EXIV EVI RSX WYMXEFPI 'SRXIRXW 5YERXMX] 8SXEP IEVXL EPOEPMRI GSRXIRX [EXIV LEVHRIWW FMW QQSP P
PAGE 231
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW 0YFVMGEXMRK ERH STIVEXMRK QEXIVMEP WTIGMJMGEXMSRW 4VSHYGX HIWGVMTXMSR 1ERYJEGXYVIV 'SYRXV] +P]WERXMR + &%7* %+ 0YH[MKWLEJIR ( ,EZSPMRI <0' %VXIGS +IRX & ,EZSPMRI ()< '330 )\XIRHIH 0MJI %RXM *VII^I 'SSPERX 'LIZVSR 8I\EGS 7ER 6EQSR '% 97% -KSP %RXMKIP 8]TI (& -KSP *VERGI 4EVMW * 0EFS *4 0EFS -RHYWXVMI 2ERXIVVI * 1SXYP %RXM *VII^I 1SXYP 7% %YFIVZMPPIW * 31: ERXM JVII^I TVSXIGXMSR 31: %+ 7GL[IGLEX % 3VKERMJVII^I 8SXEP (IYXWGLPERH
PAGE 232
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI (MIWIP IRKMRI (MIWIP IRKMRI 'LIGOMRK XLI SMP PIZIP MR XLI HMIWIP IRKMRI (ERKIV 6MWO SJ FYVRMRK 8LI IRKMRI SMP MW LSX [LIR MX MW EX STIVEXMRK XIQTIVEXI (S RSX EPPS[ XLI LSX SMP SV SMP FIEVMRK TEVXW XS XSYGL XLI WOMR 8LI QEGLMRI QYWX FI WXERHMRK PIZIP 7[MXGL SJJ XLI IRKMRI ;EMX YRXMP XLI SMP LEW GSPPIGXIH MR XLI SMP WYQT *MK 3MP PIZIP QEVOMRKW SR XLI HMTWXMGO 'LIGO XLI SMP PIZIP MR XLI IRKMRI 8LI SMP QYWX PIEZI E QEVO FIX[IIR XLI QMR ERH QE\ QE
PAGE 233
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW (MIWIP IRKMRI *MK (VEMR ZEPZI SR XLI SMP WYQT SMP JMPXIV GEVXVMHKIW SMP JMPPIV GET 8S HVEMR XLI SMP % 7GVI[ XLI SMP HVEMR LSWI WYTTPMIH SRXS XLI SMP WYQTvW HVEMR ZEPZI 'SPPIGX XLI SMP MR E WYMXEFPI GSRXEMRIV 8S GLERKI XLI SMP JMPXIV GEVXVMHKIW & 9RWGVI[ XLI SMP JMPXIV GEVXVMHKIW 'PIER XLI WIEPMRK WYVJEGI SR XLI JMPXIV FVEGOIX (ERKIV 6MWO SJ FYVRMRK %ZSMH WOMR GSRXEGX [MXL XLI LSX SMP [LIR YRWGVI[MRK XLI SMP JMPXIV GEVXVMHKIW 3MP XLI VYFFIV WIEPM
PAGE 234
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI (MIWIP IRKMRI XIRWMSRMRK ERH MW XLIVIJSVI QEMRXIRERGI JVII 8LI VMFFIH : FIPX WLSYPH FI GLIGOIH VIKYPEVP] JSV [IEV ERH VITPEGIH MJ RIGIWWEV] *MK 6ITPEGMRK XLI VMFFIH : FIPX 8S VITPEGI XLI VMFFIH : FIPX 8S VITPEGI XLI VMFFIH : FIPX ]SY [MPP RIIH E VEXGLIX IUYMZEPIRX XS (-2 ( 6SXEXI XLI XIRWMSRMRK HIZMGI FEGO GSYRXIV GPSGO[MWI EKEMRWX XLI WTVMRK JSVGI EW JEV EW XLI WXST 6IQSZI XLI VMFFIH : FIPX 0E] XLI RI[ VMFFIH : FIPX SR XLI FIPX TYPPI]W
PAGE 235
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW 'SSPMRK W]WXIQ 3MP WITEVEXSV 3 VMRK :IRX LSPI ,SWI GPEQT 1SYRXMRK GPEQT ,SWI % HEQEKIH SMP WITEVEXSV IK MRHIRXIH GSZIV QE] RSX JYRGXMSR GSVVIGXP] -R XLI IZIRX SJ HEQEKI SV [LIR SMP ZETSYV IQMXW JVSQ XLI ZIRX LSPI VITPEGI XLI SMP WITEVEXSV 6ITPEGI XLI SMP WITEVEXSV IZIV] X[S ]IEVW 8S VITPEGI XLI SMP WITEVEXSV 9RWGVI[ XLI QSYRXMRK GPEQT 9RWGVI[ XLI LSWI GPEQT 4YWL XLI LSWI FEGO 6IQSZI XLI SMP WITEVEXSV -RWIVX E RI[ 3 VMRK M
PAGE 236
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI 'SSPMRK W]WXIQ 'LIGO XLI IRKMRI JER ERH GSSPIV JSV HEQEKI ERH GPIER MJ RIGIWWEV] -J VIUYMVIH GPIER XLI GSSPMRK JMRW [MXL GSQTVIWWIH EMV SV E WXIEQ NIX JVSQ MRWMHI SYX WII EVVS[ -R GEWI SJ PIEOW GLERKI XLI TVIWWYVI VIPMIJ ZEPZI IUYEPM^MRK VIWIVZSMV PSGO VMRK 'LIGO XLI GSRHMXMSR ERH WIEPW SR XLI GSRRIGXMRK GPMTW FIX[IIR XLI GSSPERX GSSPIV ERH IRKMRI EW [IPP EW SR XLI GSSPERX LSWIW VIKYPEVP] 'LIGOMRK XLI GSSPERX PIZIP (ERKIV 6MWO SJ FYVRMRK HYI XS
PAGE 237
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW 'SSPMRK W]WXIQ *MK ;EXIV JMPXIV 8LI [EXIV JMPXIV QYWX FI VITPEGIH IZIV] STIVEXMRK LSYVW 'PSWI XLI WLYXSJJ ZEPZIW EVVS[W SR XLI JMPXIV LSYWMRK 9RWGVI[ XLI JMPXIV IPIQIRX 3MP XLI WIEPMRK VMRK SR XLI RI[ JMPXIV IPIQIRX PMKLXP] 7GVI[ XLI RI[ JMPXIV IPIQIRX SR YRXMP XLI WIEPMRK VMRK MW PE]MRK SR XLI JMPXIV LIEH 2SXI 8LI JMPXIV IPIQIRX GSYPH FI HEQEKIH (S RSX YWI XSSPW XS XMKLXIR XLI JMPXIV IPIQIRX 8MKLXIR XLI JMPXIV IPIQIRX F] LERH [MXL E LEPJ XYVR 3TIR
PAGE 238
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI 'SSPMRK W]WXIQ GPSWIH z &PIIH XLI GSSPERX GMVGYMX [LIR VIJMPPIH z 'SSPERX JPS[ MR XLI GSSPERX GMVGYMX GER SRP] XEOI TPEGI [MXL XLI MKRMXMSR OI] MR XLI GSRXEGX TSWMXMSR (VEMRMRK XLI GSSPERX *MK (VEMRMRK XLI GSSPERX 8S HVEMR XLI GSSPERX EX XLI GSSPIV 3TIR WIEPMRK GET ERH HVEMR ZEPZI SR XLI GSSPERX GSSPIV 7GVI[ XLI HVEMR LSWI WYTTPMIH XS XLI HVEMR ZEPZI %PPS[ XLI GSSPERX XS HVEMR MRXS E WYMXEFPI GSRXEMRIV 8S HVEMR XLI GSSPERX EX XLI HMIWIP IRKMRI 9RWG
PAGE 239
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW 'SSPMRK W]WXIQ *MK 'SSPMRK GMVGYMX HVEMR TPYKW 'EYXMSR 8S GSQTPIXIP] IQTX] XLI IRKMRI [LIR HIEGXMZEXMRK XLI QEGLMRI JSV E PSRKIV TIVMSH IXG XLI GSSPERX QYWX EPWS FI HVEMRIH EX XLI [EXIV TYQT 9RWGVI[ XLI HVEMR TPYK SR XLI [EXIV TYQT %PPS[ XLI GSSPERX XS HVEMR MRXS E WYMXEFPI GSRXEMRIV 6IJMPPMRK XLI GSSPERX ERH FPIIHMRK XLI GSSPERX GMVGYMX 'PSWI HVEMR ZEPZI SR XLI GSSPERX GSSPIV 'PSWI HVEMR ZEPZI SR XLI IRKMRI 'PSWI HVEMR ZEPZI SR XLI [EXIV TYQ
PAGE 240
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI 'SSPMRK W]WXIQ &PIIH EW HIWGVMFIH EFSZI 'EYXMSR 8LI IRKMRI GSYPH FI HEQEKIH -J XLI XIQTIVEXYVI SV PIZIP HMWTPE] JSV XLI GSSPERX PIZIP MPPYQMREXIW FVMRK XLI IR KMRI XS E PS[ MHPI MQQIHMEXIP] 7[MXGL SJJ XLI IRKMRI 'LIGO XLI GSSPERX PIZIP ERH VIJMPP [MXL GSSPERX MJ RIGIWWEV] 6IZIVWMFPI JER HVMZI STXMSR *MK 6IZIVWMFPI JER HVMZI 3R VIUYIWX XLI QEGLMRI GER FI IUYMTTIH [MXL XLI w6IZIVWMFPI JER HVMZIx OMX 8LMW IREFPIW EX LIEZ] HYWX YWI XS MRZIVX
PAGE 241
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW *YIP W]WXIQ (ERKIV 6MWO SJ MRNYV] 8S GLIGO XLI GSRHMXMSR SJ XLI GSSPIV XLI HMIWIP IRKMRI QYWX FI WLYX HS[R 'LIGO XLI GSSPIV SRP] MJ XLI HMIWIP IRKMRI MW WYJJMGMIRXP] GSPH *YIP W]WXIQ (ERKIV 6MWO SJ I\TPSWMSR %ZSMH REOIH JPEQI [LIR [SVOMRK SR XLI JYIP W]WXIQ ERH [LIR VIJYIPPMRK (S RSX WQSOI 3RP] [SVO SR XLI HMIWIP IRKMRI [LIR MX MW W[MXGLIH SJJ 6IJYIPPMRK *YIP JMPPIV GET *MK *YIP JMPPIV GET 9RWGVI[ JYIP JMPPIV GET %HH JYIP ZME XLI JMPP
PAGE 242
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI *YIP W]WXIQ )PIGXVMGEP VIJYIPPMRK TYQT STXMSREP I\XVE *MK )PIGXVMGEP VIJYIPPMRK TYQT 8LI IPIGXVMGEP VIJYIPPMRK TYQT MW YWIH XS TYX JYIP MRXS XLI QEGLMRIvW JYIP XERO -X MW PSGEXIH YRHIV XLI LEXGL SR XLI JVSRX IRH SJ XLI L]HVEYPMG SMP ERH JYIP XERO 8LI STIVEXMRK YRMX MW VIQSZEFPI 4VSGIIH EW JSPPS[W [LIR VIJYIPPMRK ERH WXS[MRK XLI LSWIW -RWIVX XLI JVII IRH SJ XLI MRXEOI LSWI MR XLI JYIP WYTTP] XERO 3TIR WXST GSGO TSWMXMSR & 9WI W[MXGL 7 KV
PAGE 243
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW *YIP W]WXIQ (VEMRMRK XLI JYIP XERO *MK (VEMRMRK XLI JYIP XERO 8S HVEMR XLI JYIP XERO ERH XLI JYIP W]WXIQ HEMP] 4PEGI E WYMXEFPI GSRXEMRIV YRHIVRIEXL 9RWGVI[ XLI HVEMR ZEPZI JSYRH SR XLI YRHIVWMHI SJ XLI JYIP XERO (VEMR SJJ XLI [EXIV YRXMP JYIP WXEVXW XS GSQI SYX 7GVI[ HVEMR ZEPZI GPSWIH EKEMR -J GSRHMXMSRW SJ YWI ERH JYIP UYEPMX] TIVQMX XLI QEMRXIRERGI MRXIVZEP GER FI MRGVIEWIH XS SRI [IIO 2SXI 8S VIHYGI XLI JSVQEXMSR SJ GSRHIRWEXI MR XLI
PAGE 244
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI *YIP W]WXIQ 8S HVEMR SJJ XLI [EXIV YRWGVI[ XLI HVEMR TPYK SR XLI HVEMR ZEPZI F] X[S XYVRW YRXMP JYIP [LMGL GSRXEMRW RS [EXIV GSQIW SYX 6IXMKLXIR XLI TPYK 8S IQTX] VIQSZI XLI JYIP JMPPIV GET ERH XLI HVEMR ZEPZI ERH GSPPIGX XLI JYIP MR E WYMXEFPI GSRXEMRIV 'LIGO XLI JYIP XERO ERH JMPP WXVEMRIV VIKYPEVP] JSV GSRXEQMREXMSR -J RIGIWWEV] VITPEGI XLI JMPP WXVEMRIV ERH SV [EWL SYX XLI JYIP XERO (VEMRMRK ERH GLERKMRK JYIP JMPXIV GEVXVMHKIW *MK
PAGE 245
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW *YIP W]WXIQ :IRXMRK XLI JYIP W]WXIQ *MK :IRXMRK XLI JYIP W]WXIQ 8S ZIRX XLI JYIP W]WXIQ JMPXIV 9RWGVI[ ZIRX WGVI[ ) SR XLI JMPXIV TERIP ERH YRWGVI[ XLVIEH TMXGLIW 3TIVEXI LERH TYQT YRXMP JYIP JPS[W SYX HIRWIP] 8MKLXIR XLI ZIRX WGVI[ SR XLI JMPXIV TERIP 8S ZIRX XLI JYIP PMRIW 4PEGI E WYMXEFPI GSRXEMRIV YRHIVRIEXL 9RWGVI[ JYIP PMRI JVSQ XLI JYIP JMPXIV SR XLI MRNIGXMSR TYQT WII EVVS[ 3TIVEXI LERH TYQT YRXMP JYIP JPS[W SYX HIRWI
PAGE 246
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI (V] EMV JMPXIV (V] EMV JMPXIV 1E\MQYQ IRKMRI TVSXIGXMSR EKEMRWX IEVP] [IEV HYI XS HYWX MW SRP] TSWWMFPI MJ XLI EMV JMPXIV MW WIVZMGIH EX VIKYPEV MRXIVZEPW 8LI HV] EMV JMPXIV MW HIWMKRIH MR WYGL E [E] XLEX MX SJJIVW QE\MQYQ TVSXIGXMSR ERH PSRK QEMRXIRERGI MRXIVZEPW -X MW RSX VIGSQQIRHIH XLEX JMPXIV IPIQIRXW FI [EWLIH SYX JSV WEJIX] VIEWSRW *MK :EGYYQ KEYKI 8LI ZEGYYQ KEYKI WXSVIW XLI QE\MQYQ MRXEOI PS[ TVIWWYVI VIEGLIH SR XLI JMPXIV SYXPIX [LMPI XLI H
PAGE 247
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW (V] EMV JMPXIV 3RP] VITPEGI XLI WEJIX] MRWIVX EJXIV IZIV] XLMVH GLERKI SJ XLI QEMR IPIQIRX SV EX PIEWX SRGI E ]IEV &IJSVI MRWXEPPMRK E RI[ MRWIVX GPIER XLI WIEP ERH XLI WIEP GSRXEGX JEGI MR XLI LSY WMRK GEVIJYPP] *MK 'LERKMRK XLI JMPXIV GEVXVMHKIW *MPXIV LSYWMRK GSZIV 7EJIX] IPIQIRX *MPXIV LSYWMRK (YWX HMWGLEVKI ZEPZI 1EMR IPIQIRX 6IQSZI XLI GSZIV [MXL XLI IRKMRI W[MXGLIH SJJ 6IQSZI XLI GSRXEQMREXIH QEMR IPIQIRX 'PIER XLI MRXIVMSV
PAGE 248
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI (V] EMV JMPXIV -RWIVX XLI QEMR JMPXIV GEVXVMHKI ERH IRWYVI XLEX MX MW WIEPIH ERH TSWMXMSRIH GSVVIGX P] 'PSWI XLI JMPXIV LSYWMRK [MXL GSZIV 1SRMXSVMRK XLI JMPXIVIH EMV PMRI *MK 1SRMXSVMRK XLI JMPXIVIH EMV PMRI 1SRMXSV XLI JMPXIVIH EMV PMRI FIX[IIR XLI JMPXIV SYXPIX ERH XLI IRKMRI MRXEOI TMTI JSV HEQEKI ERH PIEOW IEGL XMQI XLI JMPXIV IPIQIRX MW VITPEGIH -J RIGIWWEV] VIXMKLXIR XLI XIRWMSRMRK GPEQT WGVI[W &PIIHMRK XLI L]HVEYPMG G]PMRHI
PAGE 249
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW (V] EMV JMPXIV ,]HVEYPMG G]PMRHIVW IUYMTTIH [MXL PSGOMRK WGVI[W JSV FPIIHMRK QYWX FI FPIH JSPPS[ MRK XLI TVSGIHYVI ERH ,]HVEYPMG G]PMRHIVW [LMGL EVI RSX IUYMTTIH [MXL XLIWI PSGO MRK WGVI[W JSV FPIIHMRK QYWX FI FPIH JSPPS[MRK XLI TVSGIHYVI 4VSGIHYVI 9RWGVI[ XLI PSGOMRK WGVI[W JSV FPIIHMRK FSXL WMHI 7GVI[ X[S XIWX TSMRXW MRWXIEH SJ XLI PSGOMRK WGVI[W ERH EXXEGL ER XIWX LSWI SR IEGL XIWX TSMRX 1EOI XLI XLI IRKMRI VYR EX PS[ MHPI XV QR -J TSWW
PAGE 250
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI (V] EMV JMPXIV XMX] SJ SMP JPS[W XLVI[ XLMW JMPXIV MR XLI F]TEWW SJ XLI QEMR VIXYVR JMPXIV 8LMW JMPXIV MW HIWMKRIH XS HVEMR [EXIV F] EFWSVFMRK XLI [EXIV GSRXEMRIH MR XLI SMP 1SR XMRK F]TEWW SMP JMPXIV MW IWTIGMEPP] VIGSQQIRHIH [LIR YWMRK IRZMVSRQIRXEPP] EGGIT XEFPI L]HVEYPMG JPYMHW FIGEYWI XLIWI JPYMHW LEZI E KVIEXIV GETEGMX] XS EFWSVF [EXIV XLER QMRIVEPL]HVEYPMG JPYMHW 2SXI -9WMRK XLMW JMPXIV HSIW RSX VIPMIZI XLI STIVEXSV SJ XLI VIWTSRWEFMPMX] SJ HVEMRMRK XLI [
PAGE 251
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW (V] EMV JMPXIV *MK 6IXYVR SMP JMPXIV JSV L]HVEYPMG LEQQIV 2YXW 7IEP OMX 'SRXEQMREXMSR MRHMGEXSV GSQTPIXI GSZIV *MPXIV GEVXVMHKI *MPXIV LSYWMRK 8LI VIXYVR SMP JMPXIV JSV L]HVEYPMG LEQQIV MW QSYRXIH SR XLI JYIP XERO 8LI MRXIVZEPP SJ QEMRXIRERGI HITIRHW SR XLI MRHMGEXMSR KMZIR F] XLI GSRXEQMREXMSR MRHMGEXSV -J XLI MRHMGEXSV MW KVIIR XLI JMPXIV [SVOW GSVVIGXP] -J XLI MRHMGEXSV MW VIH XLI JMPXIV MW GPSKKIH ERH XLI JMPXIV YRMX LEW XS FI
PAGE 252
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI (V] EMV JMPXIV 7IVZMGMRK XLI L]HVEYPMG G]PMRHIV 'LIGOMRK XLI GSRHMXMSR SJ XLI TMWXSR VSH QSYRX *MK 4MWXSR VSH QSYRX 2SXI ;LIR E PIEO ETTIEVW SR XLI TMWXSR VSH QSYRX SJ E L]HVEYPMG G]PMRHIV WII EVVS[ XLI WIEPMRK OMX QYWX FI VITPEGIH F] E 0-)&,)66 JMXXIV 4VSXIGXMRK XLI TMWXSR VSHW *MK 1EGLMRI [MXL TMWXSR VSHW HVE[R MR ;LIR XLI QEGLMRI MW SYX SJ WIVZMGI JSV QSVI XLER [IIOW ERH TEVXMGYPEVP] JSV XVERW TSVXEXMSR F] WIE XLI JSPPS[MRK QIEWYVIW
PAGE 253
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW (V] EMV JMPXIV 6ITPEGMRK L]HVEYPMG LSWIW *MK ,MKL TVIWWYVI LSWI [MXL 7%) JMXXMRK (ERKIV % HIJIGXMZI L]HVEYPMG LSWI GER GEYWI EGGMHIRXW ERH MRNYVMIW 6ITPEGI HIJIGXMZI L]HVEYPMG LSWIW FYFFPIW QSMWXYVI HEQEKIH XST IHKI IXG MQQIHMEXIP] -RWXEPP RI[ LSWIW MR WYGL E [E] XLEX XSVWMSR PSEHMRK MW EZSMHIH )RWYVI XLEX XLI L]HVEYPMG LSWI MW RSX X[MWXIH [LIR QSYRXMRK -RWXEPPIH LMKL TVIWWYVI LSWIW [MXL 7%) GSRRIGXMSRW LEZI E RSQMREP HMEQIXIV SJ
PAGE 254
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI 3MP GLERKIW SR GSQTSRIRXW 8EF 8MKLXIRMRK XSVUYIW JSV 7%) JMXXMRKW 5YEPMX] 7M^I SJ WGVI[ 8SVUYI ZEPYI MR 2Q 5YEPMX] ,EPJ JPERKIW E 1 1 1 1 1 8EF 8MKLXIRMRK XSVUYIW JSV 7%) JMXXMRKW 5YEPMX] 3MP GLERKIW SR GSQTSRIRXW +IRIVEP MRJSVQEXMSR 8LI QEGLMRI QYWX FI WXERHMRK PIZIP 7[MXGL SJJ XLI IRKMRI ;EMX FVMIJP] YRXMP XLI SMP LEW GSPPIGXIH MR XLI SMP WYQT (VEMR SJJ XLI SMP TVIJIVEFP] [LIR SMP
PAGE 255
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW 3MP GLERKIW SR GSQTSRIRXW 7PI[MRK KIEV XVERWQMWWMSR z SMP GLERKI *MK 'LERKMRK XLI SMP SR XLI WPI[MRK KIEV XVERWQMWWMSR (VEMR ZEPZI *YPPMRK TMTI 'SRXVSP KEYKI 7IEPMRK GET (VEMR LSWI 8S HVEMR XLI SMP 6IQSZI XLI WIEPMRK GET 9RWGVI[ XLI GSZIV SJ XLI HVEMR ZEPZI ZME XLI STIRMRK SR XLI VIZSPZMRK TPEXJSVQvW FEWI TPEXI 7GVI[ XLI HVEMR LSWI TVSZMHIH XS XLI HVEMR ZEPZI ERH PIX XLI SMP JPS[ SYX MRXS E WYMXEFPI GSRXEMRIV 6IQSZI XLI LS
PAGE 256
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI 6YRRMRK KIEV 8VEZIPPMRK KIEV GLERKMRK XLI SMP *MK 8VEZIPPMRK KIEV EHHMRK ERH HVEMRMRK SMP &IJSVI HVEMRMRK XLI SMP XLI HVMZI YRMX QYWX FI STIVEXIH YRXMP SRI WIEPMRK TPYK MW TSWMXMSRIH I\EGXP] ZIVXMGEP XS XLI GIRXVI E\PI SJ XLI XVERWQMWWMSR TSWMXMSR 8S HVEMR XLI SMP )RWYVI XLEX ]SY LEZI E WYMXEFPI SMP HVEMREKI GSRXEMRIV XS LERH 4PEGI XLI GSRXEMRIV FIRIEXL XLI HVMZI YRMX 6IQSZI WIEPMRK TPYK 6IQSZI WIEPMRK TPYK 8LI SMP HVEMRW MRXS XLI GSRX
PAGE 257
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW 6YRRMRK KIEV 'LIGOMRK XLI VYRRMRK KIEV GSQTSRIRX QSYRXMRKW *MK 6YRRMRK KIEV GSQTSRIRX QSYRXMRKW 'EVV] SYX VIKYPEV GLIGOW JSV PSSWI QSYRXMRK WGVI[W SR XLI FEWI TPEXIW ERH XVE ZIPPMRK QIGLERMWQW 1SRMXSV XMKLXIRMRK XSVUYIW y 1SYRXMRK WGVI[W SR FEWI TPEXIW 2Q y 1SYRXMRK WGVI[W SR XLI XVEZIPPMRK QIGLERMWQ 2Q y 1SYRXMRK WGVI[W SR XLI XYQFPIV [LIIP 2Q y 1SYRXMRK WGVI[W SR XLI L]HVEYPMG QSXSV 2Q 1SRMXSVMRK XLI GVE[PIV XI
PAGE 258
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI 6YRRMRK KIEV 6IXIRWMSRMRK XLI GVE[PIV *MK 'VE[PIV [LIR MRWYJJMGMIRXP] % ERH GSVVIGXP] & XIRWMSRIH ;MXL RSVQEP [IEV SR XLI VYRRMRK KIEV MX MW RIGIWWEV] XS GLIGO XLI GVE[PIV XIRWMSR VIKYPEVP] ERH VIXIRWMSR XLI GVE[PIV MJ RIGIWWEV] *MK 6IXIRWMSRMRK XLI GVE[PIV 6IQSZI XLI GSZIV SR XLI PSRKMXYHMREP FIEQ SJ XLI GLEWWMW 7GVI[ LMKL TVIWWYVI LSWI SRXS XLI QERYEP KVIEWI KYR 8LVSYKL XLI STIRMRK GSRRIGX XLI LMKL TVIWWYVI LSWI [MXL XLI PYFVM
PAGE 259
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW )PIGXVMGEP W]WXIQ 'PIERMRK XLI VYRRMRK KIEV (S RSX STIVEXI XLI QEGLMRI MJ PEVKIV WXSRIW TMIGIW SJ [SSH SV QIXEP [MVIW SV GEFPIW EVI XVETTIH MR XLI VYRRMRK KIEV (VMIH SV JVS^IR QYH ERH WXSRIW SV SXLIV JSVIMKR FSHMIW MR XLI VYRRMRK KIEV TEVXW GSYPH VIWYPX MR GSRWMHIVEFPI HEQEKI XS XLI QEGLMRI MJ XLI QEGLMRI MW STIVEXIH SV ER EXXIQTX MW QEHI XS JVII XLI QEGLMRI YWMRK IRKMRI TS[IV -R WYF ^IVS XIQTIVEXYVIW WIX XLI QEGLMRI SR FSEVHW XS TVIZIRX XLI GVE[PIVW FI
PAGE 260
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI )PIGXVMGEP W]WXIQ 'LIGO XLEX XLI QEGLMRIvW IPIGXVMGEP W]WXIQ MW JYRGXMSRMRK GSVVIGXP] EX VIKYPEV MR XIVZEPW &YVRX SYX JYWIW ERH FYPFW WLSYPH FI VITPEGIH MQQIHMEXIP] SRGI XLI GEYWI SJ XLI HIJIGX LEW FIIR VIGXMJMIH 6IGXMJ] HIJIGXW WYGL EW PSSWI GSRRIGXMSRW EFVEHIH GEFPIW SV FEHP] JEWXIRIH GPEQTW MQQIHMEXIP] (MWGSRRIGX XLI FEXXIVMIW [LIR [SVOMRK SR XLI IPIGXVMGEP W]WXIQ SV [LIR GEVV]MRK SYX IPIGXVMG EVG [IPHMRK SR XLI QEGLMRI (ERKIV 6MWO SJ MRNYV] HYI XS JSVQEXMSR
PAGE 261
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW )PIGXVMGEP W]WXIQ &EXXIV] GEVI 8LI FEXXIV] QYWX EP[E]W FI OITX GPIER XS IRWYVI XLEX MX MW EFPI XS JYRGXMSR TIVJIGXP] 4EVXMGYPEV GEVI WLSYPH FI XEOIR XS GPIER XLI TSPI IRHW ERH GEFPI XIVQMREPW % VI KYPEVP] ERH XS XLIR GSZIV XLIQ [MXL E XLMGO PE]IV SJ EGMHTVSSJ KVIEWI WMILI *MK (ERKIV &IRX VYFFIV LSWIW SR XLI GIRXVEP KEW SYXPIX MRGVIEWI XLI VMWO SJ I\TPSWMSR 8LI L]HVSKIR GSRXEMRIH MR XLI FEXXIVMIW WLSYPH RSX FI EPPS[IH XS FYMPH YT MR XLI EG GYQYPEXS
PAGE 262
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI ,IEXMRK EMV GSRHMXMSRMRK W]WXIQ 7PMT VMRK EWWIQFP] STXMSREP I\XVE *MK 7PMT VMRK EWWIQFP] 7PMT VMRK EWWIQFPMIW EVI WIRWMXMZI XS QSMWXYVI %R S\MHI PE]IV GER JSVQ SR XLI GSR HYGXMZI WYVJEGIW [LMGL VIWXVMGXW XLI JPS[ SJ GYVVIRX )PIGXVMGEP GSRWYQIVW MR XLI GLEW WMW [MPP RS PSRKIV FI WYTTPMIH [MXL WYJJMGMIRX GYVVIRX [LMGL GER PIEH XS QEPJYRGXMSRW 8S TVIZIRX XLMW MX MW VIGSQQIRHIH XLEX XLI JSPPS[MRK [SVO MW GEVVMIH SYX IZIV] STIVEXMRK LSYVW 9RWGV
PAGE 263
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW ,IEXMRK EMV GSRHMXMSRMRK W]WXIQ 6IGMVGYPEXIH ERH JVIWL EMV JMPXIVW *MK 6IGMVGYPEXIH EMV JMPXIV *MK *VIWL EMV JMPXIV 8LI EMV JPS[ MR XLI LIEXMRK EMV GSRHMXMSRMRK W]WXIQ MW VIHYGIH [LIR XLI JMPXIVW EVI HMVX] ERH XLMW JVIUYIRXP] VIWYPXW MR XLI W]WXIQ MGMRK YT SV WLYXXMRK HS[R z 6IQSZI ERH GPIER XLI VIGMVGYPEXIH ERH JVIWL EMV JMPXIV ERH IZIV] STIVEXMRK LSYVW z 7LSVXIR GPIERMRK MRXIVZEPW [LIR [SVOMRK MR LIEZ] HYWX GSRHMXMSRW z (S RSX STI
PAGE 264
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI ,IEXMRK EMV GSRHMXMSRMRK W]WXIQ ,IEXMRK W]WXIQ 'EVV] SYX XLI JSPPS[MRK QEMRXIRERGI [SVO SR XLI LIEXMRK W]WXIQ IEGL ]IEV FIJSVI XLI WXEVX SJ XLI LIEXMRK TIVMSH z 'LIGO XLI IRXMVI GSSPERX GMVGYMX JSV PIEOW z 6IXMKLXIR XLI GSRRIGXMSR TSMRXW JSV XLI GSSPERX GMVGYMX XLI LSWI GSRRIGXMSRW SR XLI LIEX I\GLERKIV XLI WIEPW SR XLI WLYXSJJ ZEPZIW ERH XLI LSWI GPEQTW z 3RP] STIVEXI XLI W]WXIQ [MXL ('% ERXM GSVVSWMSR JPYMH ERXMJVII^I MR XLI GSSPERX *MK ,IE
PAGE 265
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW ,IEXMRK EMV GSRHMXMSRMRK W]WXIQ *MK % ' GSQTVIWWSV PIJX ERH GETEGMXSV VMKLX 8S GLIGO XLI GETEGMXSV 'LIGO XLI GETEGMXSV JSV GSRXEQMREXMSR -J RIGIWWEV] JSPH HS[R XLI GETEGMXSV ERH FPS[ SYX [MXL GSQTVIWWIH EMV JVSQ XLI MRWMHI FPS[IV IRH SYX )RWYVI XLEX XLI GETEGMXSV TPEXIW EVI GPIER -J LIEZMP] GSRXEQMREXIH SZIVTVIWWYVI JSVQW MR XLI GLMPPIV GMVGYMX ERH XLI EMV GSRHMXMS RMRK W]WXIQ W[MXGLIW SJJ EYXSQEXMGEPP] 8S GLIGO XLI % ' GSQTVIWWSV 8MKLXIR XLI
PAGE 266
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI +VIEWMRK XLI QEGLMRI -J XLI TIEVP MW SVERKI XLI HIKVII SJ QSMWXYVI MR XLI GSSPERX GMVGYMX MW 3/ -J LS[IZIV XLI TIEVP MW RSX GSPSYVIH XLI HV]IV EGGYQYPEXSV YRMX MW WEXYVEXIH [MXL QSMWXYVI 'LERKI HV]IV EGGYQYPEXSV YRMX MQQIHMEXIP] 4IVJSVQ E ZMWYEP GLIGO SR XLI GSRHMXMSR SJ HV]IV EGGYQYPEXSV YRMX -J MX MW SFWIVZIH XLEX HV]IV EGGYQYPEXSV YRMX MW VYWXIH SV HEQEKIH I K SR XLI TERIP JEWXIRMRK SV SR XLI LSWI GSRRIGXMSR VITPEGI HV]IV EGGYQYPEXSV YRMX TVIWWYV
PAGE 267
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW +VIEWMRK XLI QEGLMRI 3RP] TPYK ER SYXPIX EJXIV XLI PMRI LEW FIIR VIQSZIH JVSQ XLI HMWXVMFYXSV ERH XLI RI GIWWEV] GLERKIW LEZI FIIR EGLMIZIH EX XLI GSVVIWTSRHMRK HMWXVMFYXMSR IPIQIRXW 8LMW ETTPMIW EW [IPP JSV QEMR HMWXVMFYXSV < EW JSV WIGSRHEV] HMWXVMFYXSVW > *MK 'IRXVEPM^IH PYFVMGEXMSR GMVGYMX 'IRXVEPMWIH PYFVMGEXMSR W]WXIQ JSV YTTIVGEVVMEKI ERH EXXEGL QIRX 8LI QEGLMRI MW IUYMTTIH [MXL E GIRXVEP KVIEWMRK W]WXIQ [LMGL WEZIW GSRWMHIVEFPI XMQI HYVMRK
PAGE 268
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI +VIEWMRK XLI QEGLMRI *MK 'IRXVEPMWIH PYFVMGEXMSR W]WXIQ 8LI GIRXVEP PYFVMGEXMRK RMTTPI = MW PSGEXIH SR XLI WMHI SJ XLI JYIP XERO 4VIWW MR SR XLI GIRXVEP PYFVMGEXMRK RMTTPI = YWMRK XLI QERYEP KVIEWI KYR TVSZMHIH MR XLI XSSPFS\ XS PYFVMGEXI YRXMP GPIER KVIEWI VYRW SYX XLI FIEVMRK TSMRXW ERH FMW -R RSVQEP YWI IEGL SMPMRK TSMRX QYWX FI KVIEWIH [IIOP] ;LIR XLI QEGLMRI MW [SVOMRK LEVH IK MR QEXIVMEP XLEX GEYWIW [IEV YRHIV[EXIV SV SR QYPXMTPI WLMJXW KVIEWM
PAGE 269
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW +VIEWMRK XLI QEGLMRI *MK 1SRMXSVMRK TMR SR XLI QEMR HMWXVMFYXSV ERH KVIEWI JMPXIV ;LIR KVIEWMRK XLI KVIEWI HIPMZIV] GER FI GLIGOIH [MXL XLI GSRXMRYEP YT ERH HS[R QSZIQIRX SJ XLI QSRMXSVMRK TMR -J XLI QSRMXSVMRK TMR MW RSX QSZMRK XLI JSPPS[MRK HIJIGXW EVI TSWWMFPI z &PSGOEKI SV TMRGLMRK SJ E WYTTP] PMRI z ;LIR ZIV] GSPH XLI YWI SJ E KVIEWI [LMGL MW XSS ZMWGSYW z +VIEWI JMPXIV SR XLI GIRXVEP PYFVMGEXMRK RMTTPI MW GSRXEQMREXIH *MRH ERH VIGXMJ] XLI GEY
PAGE 270
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI +VIEWMRK XLI QEGLMRI FIEVMRK VEGI EXXEGLQIRX *MK 7XERHEVH QERYEP PYFVMGEXMSR 0YFVMGEXMSR SJ XLI W[MRK VMRK XIIXL 8LI LSYWMRK EVSYRH XLI TMRMSR SJ XLI W[MRK KIEV GSRXEMRW EPP XLI RIGIWWEV] PYFVM GEXMSR VIWIVZIW JSV XLI W[MRK VMRK XIIXL PYFVMGEXMSR 8LI PMRI % JIIHW XLI KVIEWMRK TSMRX 8S PYFVMGEXI GSRRIGX E KVIEWI KYR XS XLI KVIEWI TSMRX SR XLI VMKLX WMHI SJ XLI YTTIVHIGO TYQT XLI KVIEWI KYR EFSYX XMQIW ERH XLIR XYVR XLI YTTIVGEVVMEKI F] -R
PAGE 271
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW +VIEWMRK XLI QEGLMRI 0YFVMGEXMSR SJ EXXEGLQIRX FIEVMRK TSMRXW *MK 0YFVMGEXMSR SJ EXXEGLQIRX FIEVMRK TSMRXW 8LI FSSQ ERH WXMGO FIEVMRK TSMRXW EVI IMXLIV GSQFMRIH MRXS IEWMP] EGGIWWMFPI TPEXIW TPEXIW ERH SR XLI FSXXSQ ERH WXMGO SV MJ EGGIWWMFPI JVSQ XLI KVSYRH PIZIP KVI EWIH HMVIGXP] ZME PYFVMGEXMSR TSMRXW TSWMXMSRW IX *SV E GSQTPIXI EXXEGLQIRX PYFVMGEXMSR GSRRIGX E KVIEWI KYR XS XLI IEGL KVIEWI TSMRX ERH TYQT XLI KVIEWI KYR YRXMP GPIER KVIEWI
PAGE 272
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI +VIEWMRK XLI QEGLMRI 3TIVEXMRK XLI KVIEWMRK W]WXIQ *MK 'IRXVEP KVIEWMRK TYQT +VIEWI GSRXEMRIV %HETXIV 0YFVMGEXMRK RMTTPI z JMPP KVIEWI GSRXEMRIV 0YFVMGEXMRK RMTTPI JMPP GIRXVEP KVI EWMRK W]WXIQ 7EJIX] ZEPZI 7 +VIEWMRK %JXIV W[MXGLMRK SR XLI QEGLMRI 4VIWW FYXXSR 7 XLI XIPPXEPI PMKLX MR FYXXSR FPMROW 8LI KVIEWMRK STIVEXMSR WXEVXW &] JSVQEXMSR SJ KVIEWI FYPKIW SR FIEVMRKW SJ FSSQG]PMRHIV SR TMWXSRvW JVSRXEP WYVJEGI WMHI
PAGE 273
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW +VIEWMRK XLI QEGLMRI -J XLI LERH TYQT SV KVIEWI GEVXVMHKI EVI RSX EZEMPEFPI E KVIEWI TYQT GER FI YWIH XS JMPP XLI KVIEWI GSRXEMRIV YWMRK PYFVMGEXMRK RMTTPI %JXIV JMPPMRK XLI KVIEWI GSRXEMRIV MRXIVQIHMEXI KVIEWMRK QYWX FI WXEVXIH YWMRK FYXXSR 7 MR XLI EVQVIWX %YXSQEXMG KVIEWMRK STXMSREP I\XVE 3R VIUYIWX XLI WIQM EYXSQEXMG GIRXVEP KVIEWMRK W]WXIQ SJ XLI QEGLMRI GER FI IUYMTTIH [MXL ER IPIGXVSRMGEP QSHYP 8LMW QSHYP EPPS[W E GSQTPIXI EYXSQEXMG KVI
PAGE 274
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI +VIEWMRK XLI QEGLMRI z (IJIGXMZI TVS\MQMX] W[MXGL SV HIJIGX MR MXW WYTTP] GEFPI z ;LIR ZIV] GSPH XLI YWI SJ E KVIEWI [LMGL MW XSS ZMWGSYW z 0EGO SJ PYFVMGERX MR XLI KVIEWI GSRXEMRIV z &VIEOHS[R MR HVMZI QSXSV W WYTTP] GMVGYMX z +VIEWI JMPXIV SR XLI GIRXVEP PYFVMGEXMRK RMTTPI MW GSRXEQMREXIH *MRH ERH VIGXMJ] XLI GEYWI SJ XLI TVSFPIQ MQQIHMEXIP] ;LIR XLI KVIEWMRK W]WXIQ MW JYRGXMSRMRK EHHMXMSREP KVIEWMRK [MXL XLI KVIEWMRK TYQT GER FI GEVVMIH SYX EX ER] XMQI F] TVI
PAGE 275
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW +VIEWMRK XLI QEGLMRI *MK +VIEWMRK FYGOIXW -R RSVQEP YWI IEGL SMPMRK TSMRX QYWX FI KVIEWIH [IIOP] YRXMP GPIER KVIEWI JPS[W SYX EX XLI VIPIZERX FIEVMRK TSMRX ;LIR XLI QEGLMRI MW [SVOMRK LEVH IK MR QEXIVMEP XLEX GEYWIW [IEV YRHIV[EXIV SV SR QYPXMTPI WLMJXW KVIEWMRK QYWX FI GEVVMIH SYX SR E HEMP] TIV WLMJX FEWMW +VIEWI UYEPMX] WII PYFVMGEXMSR GLEVX +VIEWMRK XLI KVEF STXMSREP I\XVE 8LI KVEF MW RSX PYFVMGEXIH ZME XLI GIRXVEP KVIEWMRK W]WXIQ -X Q
PAGE 276
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI 5YMGO GLERKI W]WXIQW HMRKP] +VIEWI UYEPMX] WII PYFVMGEXMSR GLEVX 5YMGO GLERKI W]WXIQW +VIEWMRK XLI QIGLERMGEP UYMGO GLERKI EHETXIV STXMSREP I\ XVE 8LI QIGLERMGEP UYMGO GLERKI EHETXIV MW RSX PYFVMGEXIH ZME XLI GIRXVEP KVIEWMRK W]W XIQ 8LI FIEVMRK TSMRXW QYWX FI KVIEWIH YWMRK XLI KVIEWI KYR *MK +VIEWMRK XLI QIGLERMGEP UYMGO GLERKI EHETXIV +VIEWI XLI FIEVMRK TSMRXW ZME XLI PYFVMGEXMRK RMTTPI YWMRK E KVIEWI KYR +VIEWI UYEPMX] WII w0YFVMG
PAGE 277
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW 5YMGO GLERKI W]WXIQW *MK +VIEWMRK XLI UYMGO GLERKI EHETXIV +VIEWI XLI PSGOMRK TMRW ZME XLI PYFVMGEXMRK RMTTPI YWMRK E KVIEWI KYR 2SXI 8LI L]HVEYPMG UYMGO GLERKI EHETXIV GERRSX FI WYJJMGMIRXP] KVIEWIH MJ XLI PSGOMRK TMRW EVI HVE[R SYX )RWYVI XLEX XLI PSGOMRK TMRW EVI MRWIVXIH [LIR KVIEWMRK 'PIERMRK XLI WMIZI JMPXIV *MK 'PIERMRK XLI WMIZI JMPXIV 8LI JMPXIV HMWG MR XLI FSPX GSRRIGXMSRW FIX[IIR XLI GSRRIGXMRK LSWIW ERH XLI L] HVEYPMG G]PMRHIV QY
PAGE 278
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI 5YMGO GLERKI W]WXIQW 0-/9*-< STXMSREP I\XVE 'PIERMRK 0-/9*-< 8LI 0-/9*-< L]HVEYPMG GSYTPMRK W]WXIQ MW QSWXP] QEMRXIRERGI JVII -X MW VIGSQQIRHIH XLEX XLI W]WXIQ MW GPIERIH EX VIKYPEV MRXIVZEPW ERH WTVE]IH [MXL PYFVMGEXMRK ZEVRMWL WII ;SVOWLST QERYEP 8LMW [MPP TVIZIRX HMVX EHLIVMRK ERH MGMRK YT -J XLI W]WXIQ MW OITX TVSTIVP] GPIER XLI WIEPW EVI ZIV] HYVEFPI 6ITPEGMRK XLI WIEPMRK VMRK *MK 6ITPEGMRK XLI WIEPMRK VMRK -J PIEOW SGGYV EX XLI GSYTPIV T
PAGE 279
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW 5YMGO GLERKI W]WXIQW EKEMR YRXMP XLI WIEPMRK [EWLIV MW JPI\MFPI 'LIGOMRK ERH QEMRXIRERGI SJ UYMGO GLERKI GSYTPIV *YRGXMSREP GLIGO SYX SJ UYMGO GLERKI GSYTPIV (EMP] EX QEGLMRIW STIVEXMRK WXEVX GLIGO SYX XLI UYMGO GLERKI GSYTPIV JYRGXMSRW EW [IPP EW MXW [EVRMRK PMKLX ERH FY^^IV MR XLI GEF 8LMW ZIVMJMGEXMSR GER EPWS FI HSRI EX XLI JMVWX HEMP] XSSP GLERKI *MK *YRGXMSREP GLIGO SYX SJ UYMGO GLERKI GSYTPIV 4VSGIIH EW FIPS[ 7XEVX XLI (MIWIP IRKMRI ERH
PAGE 280
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI (VMZI YRMX FVEOIW ERH W[MRK KIEV FVEOIW 8LI UYMGO GLERKI GSYTPIV PSGOMRK TMRW QYWX GSQI SYX &IJSV XLI PSGOMRK TMRW EVI JYPP] SYX 7]QFSP 0SGOMRK TMRW VIXVEGXIH QYWX PMKLX SJJ EX XLI HMWTPE] 8LI FY^^IV MR XLI GEF QYWX WXST 4VIWW XSYGL 7 8LI [EVRMRK PMKLX MRXIKVEXIH MR XLI XSYGL QYWX PMKLX SJJ 7XST XLI (MIWIP IRKMRI (EMP] ZMWYEP GLIGO SYX *MK *YRGXMSREP GLIGO SYX SJ UYMGO GLERKI EHETXIV %JXIV EFSZI HIWGVMFIH JYRGXMSR ZIVMJMGEXMSR 'SRXVSP MJ PSGOMRK
PAGE 281
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW +IRIVEP QEMRXIRERGI TSMRXW XLI VITEMVW VIJIVVIH XS FIPS[ z 6ITPEGMRK [SVR XIIXL SR XLI FYGOIX z 6ITPEGMRK HIJIGXMZI WIEPMRK QEXIVMEP SR XLI TMTI ERH LSWI W]WXIQ ERH SR XLI L] HVEYPMG YRMX GSRRIGXMSRW RSX LS[IZIV SR TVIWWYVI VIPMIJ ZEPZIW [LMGL EVI PIEH WIEPIH EX XLI [SVOW z -R EHHMXMSR LMKL TVIWWYVI LSWIW L]HVEYPMG PMRIW ERH FSPX GSRRIGXMSRW SR XLI L] HVEYPMG W]WXIQ GER FI VITPEGIH -X WLSYPH FI RSXIH XLEX SRP] SVMKMREP 0-)&,)66 VITPEGIQIRX TEVXW EVI XS FI Y
PAGE 282
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI +IRIVEP QEMRXIRERGI TSMRXW 8IIXL W]WXIQ WM^IW 1EGLMRI 78 78 78 78 8SSXL ' > ' > ' > ' > ' 8SSXL '0 > '0 > '0 > '0 > '0 8SSXL 0 > 0 > 0 > 0 > 0 8SSXL 70 > 70 > 70 > 70 8SSXL 6 > 6 > 6 > 6 > 6 8SSXL 4 > 4 > 4
PAGE 283
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH QEMRXIRERGI GLEVX 'SRXVSP ERH QEMRXIRERGI GLEVX 'EYXMSR 'EVIJYP QEMRXIRERGI GER SRP] FI GEVVMIH SYX [LIR XLI QEGLMRI MW GPIER -R TEVXMGY PEV ZMWYEP GLIGOW WYGL EW GVEGO XIWXMRK EVI SRP] TSWWMFPI SR E GPIER QEGLMRI 'PIER XLI QEGLMRI FIJSVI ]SY WXEVX QEMRXIRERGI [SVO WII EPWS XLI GLETXIV w7EJI QEMRXIRERGI SJ XLI QEGLMRIx WYFLIEHMRK w'PIERMRK ERH GVEGO XIWXMRKx 2SXI 8LI HEMP] QEMRXIRERGI [SVO XLEX XLI HIZMGI STIVEXSV LEW XS GEVV] SYX GSQTVMWIW E
PAGE 284
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI 'SRXVSP ERH QEMRXIRERGI GLEVX 1EMRXIRERGI MRWTIGXMSR EX STIVEXMRK LSYVW ;36/ 83 &) '%66-)( 398 6 0MXVSRMG &] QEMRXIRERGI TIVWSRRIP QEGLMRI S[RIV &] EYXLSVM^IH WTIGMEPMWX TIVWSRRIP *MVWX ERH SRP] MRXIVZEP 6ITIEX MRXIVZEP 7TIGMEP MRXIVZEP IZIV] LSYVW 2SXI *MVWX ERH SRP] MRXIVZEP 6ITIEX MRXIVZEP 'LIGO MRXEOI ERH IQMWWMSR W]WXIQ JSV PIEOW ERH GSRHMXMSR JMVWX XMQI EX ST LSYVW 'LIGO ERH EHNYWX WTIIH EHNYWXQIRX 'LIGO EHNYWX ZEPZI GPIEVERGI 'LIGO IRKMR
PAGE 285
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH QEMRXIRERGI GLEVX 1EMRXIRERGI MRWTIGXMSR EX STIVEXMRK LSYVW ;36/ 83 &) '%66-)( 398 6 0MXVSRMG &] QEMRXIRERGI TIVWSRRIP QEGLMRI S[RIV &] EYXLSVM^IH WTIGMEPMWX TIVWSRRIP *MVWX ERH SRP] MRXIVZEP 6ITIEX MRXIVZEP 7TIGMEP MRXIVZEP IZIV] LSYVW 2SXI *MVWX ERH SRP] MRXIVZEP 6ITIEX MRXIVZEP -J QSYRXIH GLIGO VIXYVR JMPXIV JSV L]HVEYPMG LEQQIV JSV GPIERPMRIWW VITPEGI IPI QIRX MJ RIGIWWEV] 'LIGO L]HVEYPMG W]WXIQ JSV PIEOW ERH JYRGXMSR 'LIGO EHNYWX W
PAGE 286
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI 'SRXVSP ERH QEMRXIRERGI GLEVX 1EMRXIRERGI MRWTIGXMSR EX STIVEXMRK LSYVW ;36/ 83 &) '%66-)( 398 6 0MXVSRMG &] QEMRXIRERGI TIVWSRRIP QEGLMRI S[RIV &] EYXLSVM^IH WTIGMEPMWX TIVWSRRIP *MVWX ERH SRP] MRXIVZEP 6ITIEX MRXIVZEP 7TIGMEP MRXIVZEP IZIV] LSYVW 2SXI *MVWX ERH SRP] MRXIVZEP 6ITIEX MRXIVZEP 'LIGO JYRGXMSR ERH STIVEXMSR SJ HVMZI YRMX FVEOI 'LIGO XVERWQMWWMSR ERH SMP QSXSV QSYRXW 6ITPEGI XVERWQMWWMSR SMP JMVWX XMQI EX ST LSYVW (6-:) 92-8 :MWYEP GL
PAGE 287
1EMRXIRERGI 3TIVEXMRK MRWXVYGXMSRW 'SRXVSP ERH QEMRXIRERGI GLEVX 1EMRXIRERGI MRWTIGXMSR EX STIVEXMRK LSYVW ;36/ 83 &) '%66-)( 398 6 0MXVSRMG &] QEMRXIRERGI TIVWSRRIP QEGLMRI S[RIV *MVWX ERH SRP] MRXIVZEP 6ITIEX MRXIVZEP 7TIGMEP MRXIVZEP IZIV] LSYVW &] EYXLSVM^IH WTIGMEPMWX TIVWSRRIP 2SXI *MVWX ERH SRP] MRXIVZEP 6ITIEX MRXIVZEP 6ITPEGI HV]IV GSPPIGXSV YRMX ERRYEPP] GLIGO GSSPERX GMVGYMX JSV PIEOW ERH VI TPEGI VIJVMKIVERX ERH VIJVMKIVERX SMP ,EZI JYRGXMSR SJ ZIRXMPEXMSR JPETW ERH HIJVSWX
PAGE 288
3TIVEXMRK MRWXVYGXMSRW 1EMRXIRERGI 'SRXVSP ERH QEMRXIRERGI GLEVX 1EMRXIRERGI MRWTIGXMSR EX STIVEXMRK LSYVW ;36/ 83 &) '%66-)( 398 6 0MXVSRMG &] QEMRXIRERGI TIVWSRRIP QEGLMRI S[RIV *MVWX ERH SRP] MRXIVZEP 6ITIEX MRXIVZEP 7TIGMEP MRXIVZEP IZIV] LSYVW &] EYXLSVM^IH WTIGMEPMWX TIVWSRRIP 2SXI *MVWX ERH SRP] MRXIVZEP 6ITIEX MRXIVZEP 'PIER WMIZI JMPXIV MR FSPX GSRRIGXMSRW SJ L]HVEYPMG LSWIW 1)',%2-'%0 59-'/ ',%2+) %(%48)6 :MWYEPP] GLIGO HVE[R SYX TSWMXMSR SJ PSGOMRK TMRW 0YFVMGEXI PSGOMRK TMRW