On the formation and evolution of galaxies

Volltext

(1). .

(2) "!#%$. . &('*)+)-,/.-01203'*465879,.;:<1>=@?BAC0E12D 0GF?9D .IHKJML9)+'N= 79,/. OP?B7@Q;'SR>TVU1EW9'*XY'SA*'*1Z5B)[T]\(5B'C^6,.3)+'_0E1ED 0Ùa?BD 5BbcJ9,/5. ^d4Z.+R6,/AS,RZ0e^M465gfK46AS=6,.;hjiB. 'S59R6,kA 1Z?B)(lm1Zb=n5<1Z59R Ua?BD 5BbcJ9,/5poB79,k5rqtsnu<v6?BA*'wq/x6xZx. .

(3)

(4) . .

(5) "!#%$. . . &('*)+)-,/.-01203'*465879,.;:<1>=@?BAC0E12D 0GF?9D .IHKJML9)+'N= 79,/. OP?B7@Q;'SR>TVU1EW9'*XY'SA*'*1Z5B)[T]\(5B'C^6,.3)+'_0E1ED 0Ùa?BD 5BbcJ9,/5 ^d4Z.+R6,/AS,RZ0e^M465gfK46AS=6,.;hjiB. 'S59R6,kA 1Z?B)(lm1Zb=n5<1Z59R. Ua?BD 5BbcJ9,/5poB79,k5rqtsnu<v6?BA*'wq/x6xZx >q u @? 01ZbcJM0 ,/. wH . 4ZF]uB&(./u hn'SXY465g& u Uru JB'N0 , snu @? 01ZbcJM0 ,/. wH . 4ZF]uB&(./uI1ZANF l ,/5B79,/. D 5B7BA*'SbcJ9,k5gHw.Z?9D F ?B59R 9x u<:9, B. ?<1>. s

(6). 1>R 79,.IXr?B.

(7)

(8)

(9)

(10) .

(11)

(12) .

(13)

(14) !"

(15) $#&%(')+*,#-./ 0 "

(16) $#&% 1.1 1 24ACBD3A $'5EGFI68HK7:J)9!LC<MC;>HK=J)F<'@?<N < BOBPBOBOBPBBOBOBPBOBOBPBBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBQ1<A:0R ACACBTBTSb U4cedJDVKfH!VKFIJgWXYJDMIYZ\MIZ\[WK[^F]Y_WX]:V!VK[^V!]:]:Y_VhHKJ)JgLINj]:Vì<MIZDBOM>kBOfjBPlmBOFIWXBOnoBPMCHKBJ)F<BONpBOBPBPBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBBQBQA:A:qa ACACBTBTbbBDBTSA rhuvd.WXMw]OLd.J)H&F<fnoMIFINiIx]:N.HK]d.F<]OsiIVtWXs8FwyhNJ)HKLId]WXFIV!lz] V!H!W{BOsBOY_HKBPs.WKBO]BOBPBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBBQBSA:qA ACACBTBTbbBTB~}b UtHKfMCx.WhWKlmFFIx.WXfnoNMCMIHKnoJ)F<JDNYVolBO]]:BOx8BPMIBOYKBOMIBPNBxBOFIBOHKdBP]WhBOH!BOWKF<BPs.B8ZDBO] BPBOBOBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBBBSIbC | ACB~} ACBTbs.BTHKR ZDJDN] EG]BPWXiIBO]BOWXVhBPFIBOli<BOMIBPZDM>Bk.J)BO]:VjBOBPBPBOBOBOBOBPBPBBBOBOBOBOBPBPBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBBBbIbISb 2t'5.={')TO')4;>6.68@68'5< 0 SSBDBTSA EGNH!FWKx.F]:xZDV,sY_FIHKlJ)F<xNJDVK(BOBPi<MIBOZDM>BOk.BPJ)]:VBBOBOBOBOBPBPBOBOBOBOBPBPBBBOBOBOBOBPBPBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBBBb<bIR SSBTBTSSBDBTSA ces.MCH!WKHKJgN.dioMIZ)MF]:xVJDV!BPBJDNBOH!FoBOHKBPd.]OBOdBOMIBPZ)FBBOBOBOBOBPBPBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBBBbIb<q SSBTBTSSBTB~}b hN8]:YV!ZD[^sF<xNJDNVKi]PFIMl8HKs8d.Z)]iI] xMCBOWKjBPnoBOMCBOH!BPH!]BWtBO[WXBOFI8BPZ)BO] BOBPBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBB¡B}<bI | SBTb ¢hSBT£¤b^BDAFx.f¥NWX]:H!MIWKFZDJ)x¦:sMCHKY_J)HKF<J)F<NNV§FIlzBnBOFBOx.]:BPZ^BOi<MIBOZDM>BPk.BJ)]:BOV BOBPBPBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBB¡B¡}}AA SSBTBTbbBTBTSb hH!FIWXHKsMCY_HKHKJ)sF<N¨WK]PFIFIllHKHKd.d]O]dxMIJDZ)V!F©¡BOBOBOBOBPBPBBBOBOBOBOBPBPBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBB¡B¡}$}$Sb SSBTBTbbB~BT}R U4¢4MIs8ZDnFo]H!WXWXJDsYNMIZ^YMC[HKWXJDFF<Y_N]:xBOsBOWK]ªBPBOBOBOBOBPBPBBBOBOBOBOBPBPBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBB¡B¡}$}I}b SB~} SB~JD}.nBDAsZDMCHKEGJ)F<FNx.V«]:ZDBOV BPBOBOBOBOBPBPBBBOBOBOBOBPBPBOBOBOBOBPBPBBBOBOBOBOBPBPBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBB¡B¡}$}$RR SSB~B~}.}.BTBTSb ¢4¬F<s8ZDnZDJgVK]J)WXF<JDNYMIVKZ^JDnH!]:sY{dZDMCNHKJDJ)¯F<s.N]:V®V BOBOBOBPBPBBBOBOBOBOBPBPBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBBBRIR>}b SBTR hSBT]:RVKBDsA ZDHKV°vBfBPNMIBOn(BOJDBPYMIBOZ\BO]LIBPF<ZDBs.HKBOJDF<BONBPFIBOlBOHKdBP]BnBOFBOx.]:BPZDVBOBOBOBPBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBBBRIRIRR 1.

(17) e68={=. SSBTBTRRBTBTSb ¬F<N¨nJDN[8xMCJDW{YJDMCV!F<H!FINjW,FIlml FIWhHKJDxHKJDMIx8Z^MIHKZ^MIWKJD]:ZDV§V![^BPF<BNV!BO] BPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBBRIRIR| SBTa vSBTJgRVKB~Y} sVKVKJDF<N noBOFx.BP]:BOZytBOJ)BOHKdBPMB8BOsBPZDiIBO] BOBOBOBPBPBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBBaIaIbR 6@')+X=$#§6#-$=_'@68G.&<<7;j')¨')

(18) @='568v6,')=#&;>=_' ¨.T$'5< bbBDBTSA EGNH!FWKx.F]:xZsJDY_NHKiIJ)WKF<]:NxJ)BP]:NBOHKBOVhBOBOBPBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBB aI> q bbBTBTSSBDBTSA ¬FMCF<WKZDJDN.noi MCH!BOH!]BOW:8BPV!HKBMCBOW{VBP8MIBONBOxBOi<BPMIV`BBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBB >> bbBTBTSSBTB~}b .HK]MC]:Whx.8lmFIMIWXYXnoGMCnHKJ)FF<x.N ]:Z BOBOBPBPBOBOBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBB CCSS bbBTB~}b ¢4bV!BTsF<SZgnoBTMCR H!]]:WXxGJDvYMIx]:Z^JDVKV!J)H!¥i<]:NYXi<d8JDMINNZD i M>JD¯k.Os.J)]:]:]:V(VtNNBBJDYBOBOs.BPBPH! H BOBO VtBOBOZDM:BOBOy BPBPBBBBOBOBOBPBPBPBOBOBOBOBOBOBPBPBPBOBOBOBBBBOBOBOBPBPBPBOBOBOBOBOBOBPBPBPBOBOBOBBBBOBOBOBPBPBPBOBOBOBOBOBOBPBPBPBOBOBOBBBBBB CIIR bbB~B~}.}.BDBTSA ¬]:FZ)F<l£¤ZDWKJD]N.i<isMIZDMCNHKxGJDF<VKNjHKMCFIWhl lV!FIHKW{MCnoW4MClFIHKJ)W{F<noNMCytHKJ)JDF<HKN d.F<s.BOH§BPl]BO]:xB8BOMIYKBP BOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBBqICqS bbB~B~}.}.BTB~}b hP]:]:V!NF<NZgJgs.YHKs.J)F<H! HN V,V!HKZDM:sy xf BOBPBPBOBOBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBBqIq<R bBTR E¨bBTRM BD

(19) !A FIW4n¬]F<WXZDiIZDJg]VKWXJ)F<V NVKBOJDnBOsBPZDMCBHKBOJ)F<BPNV®BOBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBBqIqI|| bbBTBTRRBTBTSb rh LIJDnF<ZD]sHK]J)LIF<F<NjZDsFIHKlJ)F<HKNd.]OBOV!HKBPMCWtBOlmBOFIWXBOnoBPMCBHKJDF<BONBPWXBOMCH!BO] BPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBB||AA bBTa bBTH!aWXBDsA Y_HKs.EGWX]PFIFIWXl[8d.nF<]Z)WXFIiIiI]f`WtWKBP]:BnoBON8MIBPN$BOHKV BOBOBOBPBPBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBB|I|Ibb bbBTBTaaBTBTSb vVK]:FIN[8VKd.J)FIH&fHKMI[8ZWKVKFId88MCZ)[ ]:V¨]:V BOBPBPBOBOBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBBA I|I a bB@ vJgVKYsVKVKJDF<N BOBPBOBOBOBPBBOBPBOBOBOBPBBOBPBOBOBPBOBBOBPBOBOBPBOBBOBPBOBOBPBOBBA C} 6

(20) @=')¨¨;I

(21) {={#h6§.T $'5< 1 }.}.BDBTSA ¬§NZDH!sWKV!FH!x]sWhY_VXHKJDJ)nF<Ns8ZDBPMCHKBOJ)F<BONVBOBPBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBBAIA <AIqA }.BTb }.EGBTbFBDx.A ]:ZDJDN.iF<ZDi<Z)FMIytZgM>JDkN.fjilmHKFIdWX]OnonMCHK]J)WKF<i<NGJDN.s8iVKJDH!N.WXi]]:¢tV £¤ BOFBPx.BOfBOnBP]WKBOi<JDBN.iBOBPH!WXBO]]:BOV BPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBBAIAIA_A_}} }.}.BTBTbbBTBTSb ceEGdFIfWXVX]JDYJDMInZ^[8]ZDLI]:F<nZDs.]:HKN$J)HKF<MCNGHKJDFIF<lNHKx.d]]PHKMIi<JDMIZDZDV M>kfjBPBO[^FIBO[8BPsZgBOMCHKBJ)F<BON©BPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBBA:AISCA: a }.B~} }.}..BTB~F<}.bZDB~BDZ)}AF ytJDN.¬§xiod.]:F<dN$JDMIHKY_J)ZD]PFoYFIVKMCls.HK8nJ)F<V!NjFH!W{x.FIs]:lzY_Z\HKVK[8s.s.MCWK8W{]QV!MIH!nW{BOs]BOY_H!HK]BPs.WXVWKB] BOBOBPBPBPBOBOBOBOBOBOBPBPBPBOBOBOBBBBOBOBOBPBPBPBOBOBOBOBOBOBPBPBPBOBOBOBBBBOBOBOBPBPBPBOBOBOBOBOBOBPBPBPBOBOBOBBBBBBA:A:A:SSISISSA }.}.B~B~}.}.BTBTSb rhzk.d.MI]OnMI[8Z)iIZ)FI]:W{V§J)HKlmFIdWtn VKs8V!H!WXs Y_HK! sWK]PBPJDBx.]:BONBPHKJ)BO8YBOMCHKBPJ)F<BON BBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBBA:A:SISIba }.}.B~B~}.}.B~BT}R EGs.]8WXd8i<MIJDN.Z)Fi]:H!V§WK]JDNj]:V4HKds]VKJDN.îACVK.sS8V!MIH!N8WXsxŸ_.HKsbWK]YZDsBOVKH!BP]WXBOV BBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBBA:A:SIbaA .

(22) ° 68={={ }.BTR s.8V!H!W{sY_HKs.WK]PMINxV!]:n(J £MINMIZ)fHKJDYPnFx.]:ZDVBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA:bIS }.BTRBDA N8YZDsVKJ)F<NFIlzVKs.dMIZ)F]:V BOBPBBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA:bIS }.BTRBTS EG]WXiI]WXVtJDN8VKJDx.]vHKd.]YZDs8V!H!]W BBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA:bIb }.BTa h]:VKsZDHKV°BBPBOBOBPBOBOBPBBOBOBPBOBOBPBBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA:bIR }.BTaBDA rs8ZDZ)f£ JgVKd.]W§WK]:ZDMCHKJ)F<NpBOBOBPBBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA:bIR }.BTaBTS ¬§ZDsVKH!]WhZDsnoJDNF<VKJ)Hf(lmsN8Y_HKJ)F<N BOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA:bIq }.BTaBTb EGFIWX[8d.F<Z)FIiIfjx.]:NVKJDHfWK]:ZDMCHKJ)F<NBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA_}I} }.BTaB~} ¬§ZDsVKH!]WhnoMIVKV-£¤H!FC£ZDJDi<d$HhW{MCHKJ)FBBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA_} }.BTaBTR Y_F<ZDFIW4xJDVKH!WXJ)8s.HKJDF<N®BPBBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA_} }.BTaBTa HKMCWhlmFIWXnoMCHKJ)F<N¨dJDV!H!FIWKfQBOBPBBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA:RC }.BTaB@ ^]:Y_HKVhFIlzYXd]:noJDYMIZ\]:N.W{JDYXdno]:N$H BPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA:RIS }.B@ vJgVKYsVKVKJDF<N BOBOBPBOBOBPBBOBOBPBOBOBPBBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA:R>} 0 *v* ^2

(23) ;C6 6#;C6855'5_'@688T${§.%$.j'5;>.;C6._68@68'5;C_')

(24) @$=_'@68.$1<0 RBDA NH!WKFxsY_HKJ)F<NBOBPBOBOBPBBOBOBPBOBOBPBBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA:R< RBTS n[Z)]:n]:NH!]:x[8dfVKJgYV®BBOBOBPBOBOBPBBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA:RI| RBTSBDA ¬F<ZDZDJgVKJ)F<NZ)]:VXV°x.fNMInoJgYVBOBPBBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA:RI| RBTSBTS uMIVKx.fNMInoJgYV BBOBOBPBOBOBPBBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA:aC RBTb uvWXM:LJ)H&f BPBOBOBPBOBOBPBBOBOBPBOBOBPBBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA:aA RBTbBDA r"WX]]MIZ)iIFIWXJ)HKd8n BOBOBPBOBOBPBBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA:aA RBTbBTS [^]:YJDMIZ^[8s.WX[ F<VK]vdMCW{x.yMCWX] BBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA:aIR RB~} nFFIHKd.]:x[8MCWKHKJgYZ)]Od$fx.WKFx.fNMInoJDYV BOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA:a< RB~}.BDA ¢t]:JDi<d$^F<s.WhV!]:MCW{YXd¡BOBPBOBOBPBBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA:aI| RBTR rhJDn]OJDNH!]iIWXMCHKJ)F<N BOBPBBOBOBPBOBOBPBBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBAw> RBTRBDA rhJDn]:VKH!][Ÿ_WXJ)H!]WXJDF<N BPBOBOBPBBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBAw> RBTRBTS NH!]iIWXMCH!FIWvlFIW4¢h£¤^Fx.f¥V!fV!H!]:noV BPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBAwA RBTRBTb vfNMIn(JDYH!WK]]s.[\xMCH!]:V BOBPBBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBAwCS RBTRB~} N8YZDsxJDNic°U BOBOBPBOBOBPBBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBAwCb RBTRBTR NH!]iIWXMCHKJ)F<NJDNY_F<nF LJDNi(Y_FFIW{xJDNMCH!]:V BPBBOBPBOBOBOBPBBOBPBOBOBOBPBBAwCR RBTa c MCW{MIZDZ)]:ZDJ)¦:MCHKJDF<NGBPBOBOBPBBOBOBPBOBOBPBBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBAwI RBTaBDA vF<noMIJDNGx.]:Y_F<no[ F<VXJ)HKJ)F<N BOBPBBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBAwI RBTaBTS cMCWXMIZDZ)]:Z^lmFIWXY_]Y_F<n[s.HKMCHKJ)F<NªBBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBAwCq RBTaBTb FIWK£Z)F<MIxG8MIZgMINYJDN.i BOBOBPBBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA:qA RB@ h]:VKsZDHKVhMINxjH!]:V!HKV BOBPBBOBOBPBOBOBPBBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA:qA RB@BDA r"]:VKHKVhFIlHKJDn]:V!H!][Y_WXJ)H!]WXJDM BBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA:qA RB@BTS .FIWXY_]MIYYs.WXMIY_fGMINxjFI[^]:NJDNiY_W{J)H!]WXJ)F<NBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA:qIb RB@BTb ¬F<ZDZDJgxJDN.ixJDV!¥i<MIZDM>kJD]:V BOBPBBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA:qIa RB@B~} ¬F<ZDZDMC[V!]FIlM(Y_F<ZDxji<MIV4VK[8d.]WK] BOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA:qIq RB@BTR c ]WKlFIW{noMINY_]MINx¨VKYMIZDMC8JDZgJ)Hf¥FIlHKd.][8MCWXMIZDZ)]:Z^Y_Fx.]GBOBPBBOBPBOBOBOBPBBA:|C RBTq vJgVKYsVKVKJDF<N BOBOBPBOBOBPBBOBOBPBOBOBPBBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA:|IS RBT| [[^]:Nx8J k FIlmH!]:N.]:xH!WK]]N.Fx.]:V BPBBOBOBPBOBOBPBBOBPBOBOBOBPBBOBPBOBOBOBPBBA:|>} .

(25) . e68={= *,8

(26) O{={='5X=_'5;>P6=_3.v')#6X76%j_')

(27) @$=_'@68.t.+=_3+1 $%j#&<3.'@¤=P

(28) # ?<a<BDA % NH!WKFxsY_HKJ)F<NBPBOBOBOBPBBOBPBOBOBOBPBBOBPBOBOBPBOBBOBPBOBOBPBOBBOBPBOBOBPBOBB1

(29) A: |Iq aaBTBTSb uvs]:ZDNZ)fs8VhVKMIV!HKnMC[8HKJDZDV!]:HKxJgY vJ)BOWXiIBOFoBPVKJDBnBOsZDBPMCHKBOJ)F<BONBOV BPBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBB\SCA: .|I|A aaBTBTbbBDBTSA rhJd.k]O]:x¨¢t£¤VK^nFFx.FIfHKdnJDN.Fi x.]:ZDBPV BOBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBB\B\SCSC < .bA aaBTBTbbBTB~}b h]:x8VKMCs8[Z)HKHKJ)V LI]BOnBOFBPFIBHKdBOJDNBPi«BOBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBB\B\SCSC < <bq aB~} rhaB~d.}.]oBDA ACBTS rh£ Id.fj]oWKAC]:BTx8S VK£d<fJ)lmH,WX]:VKxs.VKWKdLI]J)lmfjH,MIVKs.NWKx LI] fjJ)WKxiIMCFoHKMnFBOYKBOBPYMCBOHKMIBZ)FIBOi<BPs]:BOV BOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBB\B\SSA:A:bb a ~ B . } T B S ¬ < F N ! V ! H { W s _ Y K H ) J < F j N I F z l n F K Y K V . s K W I L ] f + V P B O B O B P B O B B O B P B O B O B P B O B B O B P B O B O B P B O B B \ B S : A a aBTR aBTnRBDFA FIHKdJDN.J ki]:H!x¨]:YXVKd8nNFJD¯FIs.HKd]:VJDN.i BOBPBPBOBOBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBB\B\SSA:A:qq aBTa aaBTBTfRaVKBTBDH!SA ]:noMCHKJDx8JDNYPMCJ)H![] ]^HKJ)]:LILIY_F<]OHKZDVOsVKnnoBOF]PBPFI] BHK dBO]:JDNY_BPH i BOBOBOBOBOBOBOBPBPBPBBBBOBOBOBPBPBPBOBOBOBOBOBOBPBPBPBOBOBOBBBBOBOBOBPBPBPBOBOBOBOBOBOBPBPBPBOBOBOBBBBOBOBOBPBPBPBOBOBOBOBOBOBPBPBPBOBOBOBBBB\B\B\SSISISCSA: |A aaBTBTaaBTBTSb Eüv]:MINVKsVh] Y^s.]:WKY_LIHK]:VOVQBPBBBOBOBPBPBOBOBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBB\B\SISISISISS aB@ aB@HKMCBDHKA JDV!HKJDYMIJDZ"V!H!nWXJ)]HKs.d.HKFJ)x.F<NF<Z)FIFIiIlf ]WXWKFIBPWXBOV BOBOBOBPBPBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBB\B\SISIS>S>}} a @ B T B S. c X W g J N Y ) J 8 [ I M Z _ Y < F n ^ [ < F . N : ] N K H t V I M N I M ) Z f K V D J V O B O B P B O B B O B P B O B O B P B O B B O B P B O B O B P B O B B \ B I S I S a aBTq a¬BTF<qnBDA [8MCWXACJgBTV!S F<£ NjIfjFIliI]:HKdN](sVtACYBTS s.£WXILIf]:VPVKs.BOWXLIBO]BOfBPy4BJ)HKBOdBP vBOJDWKiIBOFBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBB\B\SISIbCbC a T B q T B S ¬ < F n 8 [ C M { W D J ! V < F j N t y ) J K H d J)WKiIF BPBBOBPBOBOBPBOBBOBPBOBOBPBOBBOBPBOBOBPBOBB\SIbIS aaBTBD|A ¬F<[N[^Y]:ZDNsx8VXJ)J kF<NV JDBPV!H!BOWXJDBO8s.BOHKBPJ)F<BNBOFIl BP]BOWKWKBOFIWXBOV BPBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBB\B\SISIb<bIq °68;<5

(30) .8')#&$# I BDBTSA hrh]:d.VK]sFIZDWKHK]V,HKJDMIYNMIxGZ[Y_WKF<F<NV!Y[^ZDs8]:Y_VKHKJ)F<VhNBVBOBPBPBOBOBOBOBOBOBPBPBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBBOBOBPBPBOBOBOBOBPBPBOBOBBB\B\S>S>}$}b <#&;C<.

(31) . ytN J)WXx.x]:N MIN.xiI]]:WKN.¦F<]:noJ)HPnl M:]:LINFI^WXx8JDVXMJ)] WKH!x.]:]N WIuvF<WXVKFno IF<H!]:Z)FIJDZi<x.JDVK]Y{WOd.]:E¨NMIE¨VKVKF]x.Jg]:nZgZ)]:vNNl

(32) J)sLI WO]WXxVXsJ)] npeMINs8HKV!V4H!]:xds8sN.N.iZD]WvLIF<EN®MCuH!]MIWXZgJ)M>]k^J)]:]_N £ V!eH!Z)]:]:d$nH]:N^HK]:MCJ8WKx.H!]:]W°JDZgYX]:d.V§]:VKNJDYXdd(MI]NHx.y§]:MZDNjsn F< N]:JDNNH!]IZ)]:B x JDki<ZD[^JDYX]d(WXJDnoVKYX]:dN$yH!MI]:Y{ZDZ^dIy°F<N8]:Y{N$dH!V!]]:xZ)ytJ)]OJDWKxIs8]:NN.x.]:ZD]VE¨N.FMCYXH!d]WXJDs]N$8^JD]VXCd.MI]NWhNMIH!s.]:Vl x.z]k.W JDV! H!]:WXN.x¦I]OB$NJDYXJ)]:dVKH,]4NJDMINYXx8dJ)WKiI]]ytH!J)]:]:NV!]:°N¨]yy°]:]WXJDV!x]]:N\V!H .s. MIH!ZD¦Z)]:]N¥WXxVKJgJDN.Y{i<d(VMIi<s.J)lH,xJD]:],V,iILWXJ)M:]:LZ)]PJ)HKMCJDNHKx8J)LIJ)]WK] H!JD]vWKUvs8JDN.Ny°iO]:x.JD]VKW°]Ox8MIss.N.lJDdZ)]:WKN ] E¨MIMCd8H!N$]WX^JD]]Iyz]yti<J)s]N.VKiIJ)]:]jNoJDNLIF<LNJD]:uZ)]:MIN ZDM>MIk.V!J)]:H!WKN¥FIJD[8N¥dfuVXMIJ)>ZDM>MIk.ZgJDJ)VK]:YXNdd8]:MINs.l]:fNV!IH!F]:nox.]]:WN JDn ]uFIWXM:MILYXdJ)HKH!MC]HKHoJ)F<ytNJ)VXWXZDxJDNV!]]:H&Ny] Mª]JgN HIx^]:]:N J xy°.]:]nWXx]:§N\JDBZDx.e]VWPytLIJDF<WXN®xU4MIN.JgN$iI]:H!]N.WKF<iInoW{snoN]:x.N\i<<MIxZDM>Mk. OJ)]:xNJ)]hxx8s.sW{N.YXdªZ)]§noEMIVXMCV!H!]]WKWX]:J)JD]tY{d.¦:] s.W zd.FI]:WXs.x.HK]J)WXiIiI]:WXNsN x.]:FIJ)Hz N

(33) -]sWeH!N.]FLIYX]doW MI MINNox.x]]WXHW iIWXM:LJ)HKMCHKJ)LI]:N ]:YXdV!]:ZDytJ)WKsN.iH!]:JDZDN8JDnonH§s8NxVKJDY{dGxMId.]Why4J)]]:JDNGV!H!F IlmWK]:J)]:V ZDs8JDxjLI]WXd MI Z)HB LI]WKF<lNF<ZD[iIMIWXWKJD]:V noJDªYXFId8WXMIV!xH!YX]:dJDMIN V!Z)HK]:s8HKN d.n ]FIZDLIs.WKF<]N¨HKHKJDsVXYXMCH!d.HKWXJ)]:s.F<N`N.HK]:E¨s.NW§FJDJDNxn]:xZDZ)]4] W N8eN.J)LI]:N.]d]WXnWKVKi<s]:JDn]:N xJD]MIYXWKN\dlmhF<H!]hZ)x8iIx.MH,]: xVzs.x8lmWWXJ)sY{] djdx]:xNsJ)]tN.viINZ)W{]+J)M:LILE]J)W{HKVKMCMCsH!HK]noJ)LIWXJ)]OV]BC-N-CJ)V!]hHKMIMCZ)x.H8]JgWKZD¦J)JDH ]:VKMC JDHHH xx.]MIWV4d°]:N.J I]WKHvi<JgJ)d.]:xWK]JgYXHKddH!]]WXnoJDN JDVKY{H!d.WX]MIdZD]s8yN.]iªi<ssN.Nix JDE¨V!HvMCLIH!]]WXWXNJD]IMIB°Y{d-N Z MI VKPVXJ)F<iIVX8nMCF<WvZ)¦:FIsi<nJ)]:N\^]:xJ)H!J)]G[8sLIN.F<N H4CxMI]Z)WPH!]uWZD]:x8JDsYXdN.d]:Z)]J)WH EüMIMCZDH!M>]k.WXJ)JD]:] N¨¤¬§dJDP]WXEMCWXYXd8]:N.JDVKi<YXZDdJDVKB6Y{^d"s!

(34) N #MI $&Y{%'dV!%)H4(*

(35) 8+-JDZDx.,.]:(N/0/2VX13JD*5YX4d¨x.F<Z)]:noJgN.JgN]J)]uWKMIHZDM>VXJDk.NJ)]:x\N\\]y°WKlm]:F<ZgZ)YXiId.H]xVKJ)JD] YXdexNHKMIV!NH!N]:dJDs8NGN.]:iJDNLI]:F<n N dxJ)J)]]:WXV!]:MCn7WXY{d§JDVKJDZDY{xd.]:x.N ]We z]H!W{WXVKsYXdHKnos.]:WXZ)8¦:JDsZDxN.s8i<N.V![8i.WKFI-LI¦F<]3 ¥Nos¦:s+NH!JD]:noNnoNMI]WtYXdiIWFIF ^ I]:]N8WKv]:N ]:N°VKH!JDN]:d.d.]:]:NJ)H!]:iINGWKF¦: Is]vVKMIunoMIZgnM>k]:J)N]:l N8s. diIMI]:s.NlmB8]:-N\N y°]:ZDY{d.]xJD]viI]iI]:Ny MC WKHKJDi(iIW F IH!]:N¨LJ)W{JDMIZDJDVKJD]WKH!]:NjH!WXs.HKs.WK]:NxMCWXVKH!]:ZDZ)]:N\]WXV!H,WX]:ZDMCHKJ)LjV![ MC HB N x ) J : ] K V ] W K W ^ : ] ) J " H ^ : ] K V { Y d C M m l K H ) J I i ] g J X Y d o n D J X Y d o n D J " H : ] D J . N ] W h : ] g J . d e ] I L ] K W § y I M N . x ! H ] W ! V ^ [ ] ! H § ] . x ] z W h r . d ] I F { W ) J ]. x.[8]]:WOJDJ)HWXdMIIZDJ)F<i<]N.WXMIMC¦ZDM>W{]:kYXNdJDH!]:WXJDVXN¨J)]YXd.WXLI]h]:]NWKJDYXi<doeZD]:Nn(JDYXHKdJDV!YX8H!d]:MCdWKMIs]s.WN.l iE¨ zLI]MIWXF<VKVKN®VKY{]oduPn¦:MIs]:ZDVKM>Z)MI¦:ksnoJDN]:noN\i<B\V!]:[NWKNV!FIH!F¦]:]: IJgN.VK]:VK]:N\]n "LIVXF<]YXNWXdV!Z)H!]:]:s8YXNd.x.]:]JDWX Y{N+d$]:yNiIi<WX]M:MIWKL[8ZDM>J)s8HKkN.MCJD]:HKJ)N\HPLIB ]n uv]:]:Jg]N8N.¦]N]:W J)¦H!y°]:NWK]:££J E¨W MCMC H!lmH!]]oWXJgMIZH!]l sWX N.d]WKHs¦:Ns.x+W9JD§NJDH!ZD]xWXsV!NH!]:i4ZDZDZDMCMIWXN.]:iIV]uW°uMIVP]¦MI]:s8J)H!Vv]:xN]:MCN+WXnx]IfNytMIn(J)]§JDVKVKJ)YX]hd¨JDN>MILZDJ)H!]:]:Z)N ]:N.yYXd.]:]:YXJ)d^V!]:]:N+ZDytd.J)WK]IWX]:MINsxV:B]:NcJ)]:MIV!]:M>V£ WK: ]:MI NN.iILI]:F<NN¨LIuF<MINZDM>nk.J)]:]:d.NjWK]^WX]]:FIN8dMIsYXdN8H!x.]]H,WKy°H ]OW{JDx.ZDFI]:N\[8MCBWXV!Nj]:YCnoB MIN8YXd.]:N¨fV!H!]:n]:N]WKWX]:JDYXd.]:Nx8J)]Pu]¦]:J)H!]:NMCWXn] u]:MINZD zM>i<k.MIFIZDJ)W¥]:M>NkJDs.]:MCN¥WK¦d;l]:s.MI n N.W,iIxytHJ)B]s.WX°xsN$]GVvHKV!JDxNH!]:J)]:dNVKs]:sN.n ni]uvLIWXJDF<W{VXN¨sYXd.Nu]xGW ]<¦]:F< J)NWKH!^N]:N]:H!]:J)MCHNªWXniIuv]]:¦]N]:¦J)]:V!iIJ)HKHH!MC]:§WKNx¥MCMWXLI noF<NGx8]J)x.Jg] N$]H!Wh]JDWKN.N]:l H!VXMI ]VKZgWXMIZDJ)N.N$iI]:H!IN¨]]:J)UvHH!JDLIW{N$s.F<yN]:HKJDsV!]W§YXd.xMI]:s.]J)W£l xx.]:J)]PNjEGH!]:]N.WXiIN.]O]:Nx8sZDJ)N.]lm]Z)WX]N\W§B$EMCJ)H!]]MCWXJ)]OHKsJgN]:ZDuPZ)]:NMIZDM>¬§kPJD]:EN£&s8E¨NFxjxMI]:s.ZDZ)l]tJDlds. WKW§] x zJ)]] WKeH!]:NJgHKZDsV!H!N.]:ids8WK]:N.ZDiMCHKLIJDLoF<NG¦:sux.MIZg]:M>NjkJ)Z)]:]:NsY{VKd$MCH!iI]:]:NN £ 0.

(36)

(37)

(38) LIYXd.FI]:WXMINosUvV MIxZ)FOM (MIsx.Vz]x8WvsZ)]:N.sYXZ)]dWH!]:ENx.MCH!]]r"WXJ)]:]tJgZ"]:JDx.N.]iIWP]û]MIH!ZDH!M>]k.HeJ)JD]:V!N¨HBIJDNGJ)]:]4JDN.uv]:]:NGVXMIV!n]:dHKW4noMIMIsVXV!V!iI]t]:x.x]:]:V dUvN$H!MI]:Z)N+F<V ss N x¨]W{noVKYXMId.VKWXV!]:]J)WKH!]:]J)H£ xx.]:J)]oV!H!E¨FoMIiIVXW V!F ]( I]x.Wv]yW]WXH!x.]]:W{N¨N.]ox8xJ)]OMC^MIs.]:JzlmH!sWK]n H!]:]:NJDx.N ]:N J)uv]:Z)]:l VKMIYXYXddyt]:VJDN8B xIJ)]oiIIno]:J)MIH!VX]:V!NG]WKJg]:NJDY{ud.]MIWZDM>x.k.]J)]:WN.UvIF<MIZDZ)ZgFGJDVKMIJ)F<ZDZDN.]]:WXNxJDN.y§i<MIVVtJDVK¦:Hs l s s. dWXWK¦H]B WK]:N s I]]:W{Y{x.d.]:]:n ZDV!y4dMCJ)WKH xsMIN.Vei<xV!¦s.]:WXJ)Y{H!d(]:Nuvs]N¦x]:J)H!¦:]:sN.]:JgW N.MC ]lmW H!]tJgNiIV!]:iIV!]:H VKFI MIWKnH!]HEïI]MCW{H!JD]N.W{iIJD]MIWKZ]:xNMINH NFI WX]:sJgNNi4HKJ)]x.l]]W WX]:V°YXduv]:WXJ)Mw^L]:J N £ HKMIMCsHKV!J)iIF<]N[V!W[^MC FIiIH!H!]:]NWPHKJDuvMIZ"]¦¦:]:s J)H!s.]: N^MC]W{WKny4JD]Nx.LI]]:WXN\d8BJDN]:x.d.]WvWXNn(B MIVKV!]WK]:JDY{d.]U4MIZ)F<Vv F< NNH!]:N+x8MId.]WPxJ)] °N$HKVKH!]:dsNi 4 Q n x D J : ] ! V : ] n ° c s . N e H y : ] ) J ! H ] , W N I M X Y d : ¦ . s I i : ] . d : ] \ N . d C M ^ ] D J X Y d . x ] K H I M D J D Z g Z ) J ] K W ! H 4 ] N s n ] { W D J K V X Y d v ] ¨ E F . x : ] g Z ) Z t ] I L < F N MI4sYXNd.VJD]:LIMIJD]NWX]:MIV!N]:Z)fNoi<HKMIJDMCZDVKM>YXkiId]:JD]:]:ZDN+]:NJ)E¨H!I]F<HFNBx-VK]:YXH!ZDdWXZ)s]:dNJ)]MCWKl ^s.H ]tBWPxxMIJ)JD]]N8N ]V!H!WKPWXy§s.F<MCZDWKZgHKH!JDs.VK]J)H!WKF<]]:N.ZgZ) z]:]:NN]WKsH!°]:N8J)JDx iIZgs]: zN.N]iVKWXY{VKLIdY{F<MCdN lnH!]:.]:NYXZ)¦:d.x8s8]:J)N.J)]:îIV!]:]]:N.W(N(i<uV!MIF<ZgMIM>ZgYXZDkM>d.J)k.]]:J)WhN+]:NJDN YXytd¬§]:s.J)PW{^x.]:E]:NN ££ i<EGMIFZDM>x.k]:JDZD]:Z)]PNnoJDNJDH]:JDN.Z)]:]:n JDN]:iIN¨WKF I]:YXd.No]:JD MC]:H!¦NLICF<MINsn ¬§F<JDnN[8xs.]H!W ]:WXVXMCJDniI]s8VXZDMCJDNHKJ)x\F<N.uv]:NO]¦VK]:HKJ)sH!x]:NJ)]MCWKW{HnB v]OMC¦:^s]:8J¦JgZD]:x.J)]:iIN\H!]§yVKJDY{MI d\d.WK]:xN8Mx sxuNJ)MI]Ox+ZDM>MCMIk.sJ)HK]:s.V!N\iI]:]:ZDZ)x.x]:]:NJ)](d¬§NiIH!PWX]¥FE Iuv]£&]E¨¦]:FYXJ)d.H!x]:]:]:N8JDZD Z)MC]]:WXN®n]:JgN.]WK]:][ZDMCdWKHKFJDJDNxL WKs.]:¦:¦:JDsYXJD]dWKJD]:]:d.NN\WKxj]:B n iIWKZDFU4Z)] IMIW{] xZ)FJD^N.MIî<d]:VvZ\VKVKJ)LIH!YX¦F<d]:N ]:NJDN$uHLMI]:J)ZD]:M>VPZk.MIJ)Z)]:s]:NJDY{YXdªdLIH!FIV!]WXFjWMI¦:snos VKVXMIMCV!VK]:iIV!JD]]:NWXN\]: JDxYXx8d.MJ) ]] YLIXuvd.F<]]N¦W]:x.J)H!]:f]:NNV!H!MCiI]:WX]nnoy ]]¥MI d¦8y§Z)H!JgZDMI]:x.NN.]:i<N IZ)F<F< VvVKF< n]NWKF<N.Z)]:FIZ MCN\ i<WKBJDHvVXYXy°d.s8]]:VWXN®xx]:c JDN\]:MCV!B W{]:MIn nJ)]:]uvVKH!]]W{WXsN NY{dxªx.ZD]s CW IMIlmN¬§F<N Z)PiIx]EGWXJ)]os8£&EGN.î¥F]x.FIJDVK8]:H4ZDMIZD[Y{]Id$BW{H!MC]H!s8HK]GJDVVXUYXxd+MIJ) ]:s.sVK]:NniIMCI8]:duvJDMIH WXNsV!i<F<N8J)Z)xi £ ]nWXsVKYXNdi]:JDVKN$JgNHx\]:$Vys]:NNyNjMIVKdJ)]WXVKMIYXds]:Y{djJDNZDy°JDY{]:d\J)H!"]xW{dMJD N¥uv]:JD]Nj¦]:V!JD]:H!d.]:W,NMCJDNWXnH!]]jWK]:^VKVK]:MIV!NF<H!N]:x.V ] W{V]NWKs ¦H!]:¦:s.ZDJDiYXd®¦:s.¦:W s x.WK]WKs]:NN x8sN.]:V!iHKJDx.n]W£ JDNN.]WKN]:NG]:JDN.H!]:W{n s.HK¦sy°W,]:J)LIH!F<]:NNYXY{dd$]:yJ)^]]:WKN.[8i<sMINZDM>HGk.J)n]:N]:JgxN.MC]WXW V!H!.]:FIZgZ)W{]:VKN\YXBdsN.i<VKMCWX ]:JDHdMC^]JDY{dnoJgYXdn(J)H¨c WXFC£ 8Z)YX]:d.n]:JD]: N ]:Nx.i<]MIW¨ZDM>kH!JD]]:WXNN.]:^N]:HKVKV!YXH!d ]:MC dlmsHKN.J)iIi HB sN]x FI8JDd.MIWKYX]dWHKs N.s iIYX]:N yt¦JDWK]:JDiIs8]:N.N\iMIx8s.Ml x8xMIJD]VJgN$H!H!]]WXWXNVK]:H!]:N$ZDHKZDV!MCH!WK]:]dsEGN.]:i<xVKWXJgsMCH!n]+JgJgNN LIF<YXd.N ]:JD s]: NYXi<ytMIZDJDM>WKkJDs8]:N.N i<V!¦[]:WKJ)HKFIZg¦JDYX]:d VXV!]:WKN]:ZgMCx8HKs.J)L WXYXdÌF<NsVKHK[ MI]N$W{H¨N.FwJgV!LCHM>Bt£ zE¨kMI[8NZ)F<VKNJDF<JDnoN.]:nN\H°x8MIN\s.WX,YXxd M sZDH!xWXJ)M:]:LVjJ)F<MIZ)ZD]V H!H!e]WKiI]H!8WXMINd.JgV£ lZD ss s N.dYXiWK]:yt

(39) KNsJD¦:N.WKs(iIs8]]:W¥N.JgN.i<]VKH!W§n]WX]:N]:Y{ZD]Id8zMIV!NFH!WKJDx.VK]]noi<W¥s]:ZgxN®J)]s.WXl WXss Y{N.d.d iWX]:V!x.NHKMC]WKW,xIJ)]+]GH!]sWXH!NN.]^]:WXN]:N.dHK]:V!JDNH!Nyt]:xdJD]NsWKx.N.H!]:]i<N V!¦:WXsMC H!V!s]I HKMIBdN8-ZgsNx.N.]Gi<JDIV!n[F<sWXnoFIZDMCn¦HK]:HJDVKF<BeV!N.]]:x.NJ)]:]:V!F<V]¨duPN.ce]vMIWKV!FIV!]:F<¦V(]:ZDYXVK¦:dV!s ]] ]: JDN.J)]:WXn sNsi<N.VKiIn]8]:WKYX]:d8noMINV!JDH!VK]:nN ]:N¨Nx.V!]HKJDWP]io sx. YX]WvytJDH!WK]WXs8NN.]:N$i<V!HK[V!H!WK]:FId¦s]:N.VXV!i<]OVKWX8MCJDH!VX]Id.B ]WtZDyZ)]]:WXJ)x8H!iIJDN.]:d.i<]:V§NVKxJDNsxjNxLIJD]]OWXV!x.HK]MIHKN8MIx.JDZD]:ZDJDN\]B^WKH!v]:NM VK°JDYX]d¨WX]:xJDYXMId VhMIc sWXVKFI¦8]:Z)JD]:YXn dNx.]H]§WZgMIH!VK]V!WX]:N.N ]:NVKHKJDY{V!dH!]:dxsJ)]+N.i(WK]:MIZ)s]LCY{dMIN$x8H!]:s.N WXYXdj[8d]:fJgN.VKJ)]:CNMIZD^JDVK]:Y{V!d.F<]:NN x.]ceW{V,WKFIiI¦WK]:FVK IV!]:]ªN¨MIxs.flNx.MI]n(W¨JDVKYX>dMI]:ZgNM i<nMI]:N.N.¦F<]Z)W4FIi<uJDVXMIYXZDd.M>k.]:VJ)]:EGNjFNx.JDY{]:d$ZDZH, xxJ)MIWXV"]xH§JD] VKeJDnJDNs^ZDJ)]]¦:WXJ)]:]:N\dB<s-N.Ni,x8LIJ)F<]:NV!]W H!]WXWKN.^]:]:NJ)HKHV!]:H!]:NdHytsN.JDYXi4s8ZD]NJgxOYXdjJDd.xWX]MIW"d.]W§s ]:YXJDNy4[8J)WKd;MI sNN.FCi £ J]DN ]dfHKx.J)LIWK]:FN\x.°fN8HKs.MIWKno8JDsVKZDY{]:d.N$]:H!N]:N .JDvnWXs8s8ZDYKMC HKJ)°F<sN.n]:N¨xLIJ)F<]GN®HKus.WXMI8ZDM>sk.Z)]:J)]:NN+H!]:]N WXZDuMIs.MI8V!^HB ]y]J)]:i<V!s]:N.VOiIE¨]:N Fx.MI]:s.ZDlZ ^ZD]:]:NJDN.s.]:H!¦N\H ]:NJDJgNYX]:dN H MIs.liI]:ZMIF< VjV!H!E¨]:NFx.]:CZDMIZhZ)]:¦:NsW¦:s^]:VK]:Y{VKd.Y{WKd.]:WKJ)]:8J)^s8N.]:N\iB LIF<N .s8 YKytJ)WKsN.iªy4s.WXx.]¨VKF®IF<NVKH!WXsJ)]WKHxM ]:Vx8J)] ]:Nª]FIWK]MI[YXWXdFH!x]sH!] ¦:J)]WKHB"d MIE N.MIi<NJ)iIIC]:MIJ)NHONxN]WsNªH!MI]s8WXN.YXd®]:NLIHKV!]H!WX]:VKdssY{d.N.]:i<N\V!WXMCx8H!](MIVLIE¨F<NªFx.x.]:]ZgWZeuMIs.MIlVKx8 zJDYX]dWXVKH!Y{](dJDnNª]:Z)¦:[8s8JDWXN.MIiIZ)]:i<NªMIZDM>LIk.F<JN £ .

(40)

(41)

(42) iI][8i<J)WXNMIsZDNi<iMIZDM>x8ks.JDWX]:YXN¥d8ZDnoMIs.JDHhlm]:d.N(F<dd.MC]:^np]:N\uMIIVKF<iIno]:dnMIH§Z)Ht]:MIV§N.¦:¦:ssy]:JD]:N.N]:x.n ]:N\V!BHKMC¢vWKMIIYX]:dN¨x]:H!n WKF<xn J)]LIuF<NMIZguPM>kMIJ)V,]:N¨JDN¥JDd.x8WKMI]V ]^WX]:V!N$H!]H!WX°s8n]_£ ]:]:x.N$JD]N.H!W4]:¦:nuJ)]:MIdV!ZD]:HKM>N\MCk.WKB<J)I]:]:N\s.N WXxYXMd(siIxV!WXJ)],MwWXLs8WXJDMIYXHKd(VKMCY{HKxdoJ)LI]MI]WhNvV!H!H!WK]]:]:WXJDdiIN.n]:]:NNF<x.HKnoV!] H!]:]:PN$dF<H!s8]ON.N.¦y i.]: NMI MI d.H!WXd8WKMC]:NHKNZDJ)JDF<xjY{N(dox.LIyt]F<W J)N¥]vO]uF<W§ZDMIZDJDJDV°N(VKJDJDF<nLN(J)]: Z)x.]:]:]:NNnpH!VKWXs.suP[^n MI]VhWXIdvF<]:noWKZDZ)]:]:ndNJDHen-]:N.[VzlmWXs¦:M>ZDs V£ WKJDNoFIH!x.i<]:MINZDM>¦k.]:J)N]:N¨H!WXMI^Z)]]:FIN8hMIY{]d$i<H!JD]F<HN.]:ytN(JDWXx.x\]BW§-EGYXdF¦x.]:]:J)ZDiIZDi<]IMI\ZDxM>Mk ¥JD]:x8NJ)I] F<NZ VKMI JDY{VKH!d.]:]:N$NHxnoJDY{d$J)H H!]x.]x.W ]

(43) !]:WONJ)iIH!]]:WXN(N.JD]:NNHK^V!]H!FI]:d8sMIN.YXdi<H!V!]WXH!MC]:H!N ] sVK¢4WMIs Y{dY{d.x.]:]:Nn x.]xW4JD] H!u]WXMINZgM>]:kN$J)HK]:V!N H!]:d]:JgsN N.i¥]W{JDV!V!H!H]:B VGE¨MIZ¦:s8VKMInon]:N.iI]:VKH!F I]:N`VKJDNxe]:NH!l]WXN]:N VKJ)] VKJDY{d ¦:vsJgN;VKVKMI J)YX[8d8MCV!HKHJDF<ytN(J)]:x.x.]W]W:eB N.]ZDWXZ)i<]WXJ)]vxJgxN.]i<W Vh§l

(44) s MId.dWKN]:^N]y°xJ)]]i<sx.Nfi.NMIV!noFJDxVKY{Md. ]:NxJ)]Ph]:uJ)MIZDsM>N.k.i<J)]:V!LIN¥]]WXWXZgsN.V!]:H!s.]OH¦:¦:ssVK]:MIJDnoN]noWv]:W{N.MIVKlmMIYXd.ZgZ)]:]:NN s¦:J)NiIxG]:VtVKY{dH!]ZDJ)WX]3N <VKZgfJDYXV!d¨H!]:LInG]WXVKJDYXNd8yn]:]:ZDZ)YX¦d]:]:N\n B ¢4xMIJ)]OY{d+uxMI]ZDM>Wvk.MCJ)]:8NjVXYXJDdd.ZDWKJD]3] Is.]:WXNV!x.[8]:W N s N. zi<]ZDW{JgYXVKd.YXd]hno-x.]:]:Z)¦:NsHKJ)N.H i¥MC H§]:N$LI]HKV!WXH!ZDJ)]:]dWXHv]:N\]:BJDN¨]:J)]:JgNVK] £ z]WXVKYXd8n]:Z)¦:sN.i<VK[WKFxs.H!]Py°]:JDVK]:NGiIWKF I]V!H!WXs.HKs.WK]:ZDZD] dNZgJDYXd.I]:JDH!]:NGnoJ)Hh]:ZgZDJ)[HKJDVXYXd.]:NGuMIZDM>£ kWK]:J)]:JDNjN(V!MIH!s.Fl& IBlmWKY{]:doJ)]WtLI]vWKi<fZDN]:JDMIYXnod.]vJ)Nnos8N(J)H,xx.J)]4]W

(45) !]:H!WXNs.J)iI]:HKNjs.WeMIx.s]V W°MI ]:¯N$sHKJ)V!LCH!MI]:Z)d]:]:NNH!]:x.Nj]:Ni<MIuPVKMIx.ZDfM>NkMIJD]:noN(JDVKJDNjY{d.]:JDN¨nsJDZDnMCHKsJ)F<ZDMCN.HK]:JDNF<N.n(]:N\J)H B eV¦]:J)iIHhVKJDY{d\.xM xJ)] .FIWXn x]W-V!FI[8dFIH!]:NV!fVKH!]:noMCHKJDVKY{dsN$H!]W{VKYXdJD]:xZDJDY{dJgV!HB.uPMIZDM>kJD]:N$LI]W!£ lVKMIsYX s.ddlynoWK]:]:]:N(JDZ)V!¦:¦:]:ssjNN.B -iIvV!]:FIN\n[8diI^FI]]:IH!J]:]:N\xd.]:.WKH,N.x]:J)H!]PN¥]:N8VKVKxYXHKdMCJ)]]:WKWKJ)I]:^]ONj]:xNxJDMCJDVKWKVXVXHKVKJ)J)[8J)iI[8MC] MCHKHKJ)LIJ)F<]tN8yceV!]:lWKWXJDFI]:YX¦dJ)]]:sVK zN.V!]PiI]WX]:sVKNjY{N8dLIxjnF<N]:H!Z)]]:¦:W{JgsN.N.N]]:iIW§N$]:HK[ NVK]H!WX]:xldMC]s¦:s\NH!]:iN WK^]:e]YXdH!ZD]:ZgH!J)JD]:[8ZgYKJ)V!iI]:H°l N.FI VKlmWXFIJgnoNWXx\n J £ iIx.]]W °N$y°HK]:VKH!JgYX]:ddssN.NiIi(]:]:N ZDZD¦:JD[sHKJD[VKY{WXd.F]xWvs¦:uJ)]MIWKZD]:M>N\k.J)B ]:vNJDiI]:V]:d. ]]:iIVKH!H] MC HK zJ)iI]WXHn]:s.JDN.HKs]N.V!i.[^^]x¦:J)M]: jZDZVKJDYXN d.]:JD ]]:FIN88MCMIWKYXHKdJ)HKiIs]ON.-i<V!VXFIV![8HKd.sFIxH!J)]:]:NN LI¦no]:]:J)N$NHoH!WXMIJDnZDJD]:VKVKNsJDZD[8MCMCHKsHKJ)F<J)V!F<NNWX]:s8NLIYX]JgdV!WKVzHhx.sMI]ZDNZ)W,]x.WX]:x8NH!JD]N.WXVKi<N.JgNV]:x\NxHKB V!MeH! o]:JgdNVKsJ)]O[^N.in-FIH!VXFI]: JDi<N$NZDHKx\JDJ)YX]:BIdZgZ)]]:WKJ)Vo]ty°c ]:xJgMCWXV!FI^]P8]:¦:Z)J]:sMIns] ^lH!x.]WK]]WHKH!J)]:LjsN8Nx.JDH!n ] ]WX ceVKW{sWKd Y{FF<d$ x8dH!s.]:s8¦:N N.J)]iOxWKx.]:JDVKNj]VKW JD]:[8¦JDMCN]:HKN]:J V££ H!n WXMIFI Z)i<]:ZDNJDY{d.ce]dWKMIyV!]:]:JDNV!WX]PMINsJDnoY{d$xHhJgYXJDdN H!4]h l^s8 ]d.WKWK]:H JDN¦:V!s¥HKJgno]:JDN.n]s8W°N.¦i]:N$noH!WXJDMIH§ZDx]:N]:Nj[8 J)]H!FI¦]4MIJgYXNodH!x.]]H!W§]:NUt]:U4ZDZg]:J)iIZDZDIJ)iI]:IJ)HK]:V!JDLIHKV!]LIWKH!]]:WKJgH!ZD]:sJDN.ZDs8i.N.$iIx8]:J)N ] ]:ZDZDJ)[HKNJgVK]:YXJgd.N.]]:Wtn ux.MIWXZgJDM>H!kH!]:J)]:N(N¨V!YXH!d]:y°d$H]BWX[8sN.H n]:JDN.]W WK^]:J)HzV!HKsx8J)]WK],JDYXd(xJ)] eNHKV!H!]:dsN.iPLIF<NuPMIZDM>kJ)£ ]:^NsªJgxNJ)N.]:]VKWX]:dn MIZDo y]:JD]:N.YK]:V§d8EGMCF x.]o]:JgZDYXZgVd xxMIJ)] V§ex.]NWXHK]:V!N¥H!]:IdF<sVXN.niF<]:Z)FIJDN.i<]:JDVKVOY{d.iIWX] Fe I]:JDNN 8uJDN8MIxZgsM>N.kiJ)]:N8IFIdWKMIWKs.]lm]:H§N^V]JDWNªs YK]:JDN.VK]:JDY{n d$HKJDiIM>H£ B YXV!]¥d.]:N'JDn4sNZDJDMCLIHK]J)F<WXVKNs]:n NÿtiI]sW{WXJDx.N.]:iIN]WMIs.lJDY{]:d$JDH!N.]j]:n JDNª[8dMCFWXY{MIdZgZ)MI]:s.Z)]:lmiINª]:ZF< s.V![^H!]:]NWXY_F<¬nF<n[s.[8H!s.]H!WP]W{MInsV!FiIx]]:l ZDs Z)]:d.NWKHPVKsJDnNx+sZDJ)]]WKWXWXH]:BJDYXvd.JD]:]_N £ yJDMInd.sW{VKZDMCYXd.HKJ)]:F<JgN.N]:ZDJDN Y{dLI]x.WK]:yN]:iINW x.F ] IHGH!]:y4Nªs.x.WXx.f]INBMInoN8JDx.VKY{]:d.n ]:N JDYXd`]WK]:]:JDN.JDYX]diIx.WKF] IW] 8JD^VKd.MId8]WZl LIs. F<WPN V!F<ZDJDY{nd.]sZDIMCF<HKJ)VKF<nN8F<VKMIZ)FIsi<V!Jgi<VKMCYX^d.]:]:NN V!x.[^]]:WJDYXxd.s8]N.WX]IZDz]:NF< E¨NNMC]:H!N ]W{xJ)](J)]¨LI]WKJDyn]:sNZDx.MCHK]JDHF<N.y]:]N WXx.¦:]:s.N\W(B xvJDJDWK]¥]d.H!F<]:d.N ] Ns MIZ)fF< V!VK]¨sN.xi¨]W x] zW]WXVKJDY{ndnsZD]:MCZ)HK¦:JDsF<N.N]:i<N V![]WKWXFIZD¦MI]:sVKVK]H xlmMIMCZD^ZD]:]:N\J"BMIsY{MCd¨^]:]JWXVKy°HKno]WXMIxZD]:VN®^xxMIJD]¥VPYXZ)]:dJDJgN.YK]WXVK]:MINZ"LIUvF<MINZ)F<UvVMINZ)F<JDYXV4d¦:Hs¨V!FILIlm]FIWKWKlmHF<Z)iIMI]:sN\liI^]:xZ F< J)]VKHJDNGVKiIF<WNF x. I]]WXWKN ]x.U4]MIWKZ)]:F<N VvJDdNJDNN]]:WKJDN]W£ P]WXNCMINN xJ)]oV!HKMCWXI]:N iIWXM:LJ)HKMCHKJ)LI]:N uv]¦]:J)H!]:N.W MC lmH!]¥x.]:VU4MIs.lm]:NV s. ^]WXZD] ]:N+sNx VXJDYXd MIZDV sxNNsMCN.x8JDd;]:Z)]:V!MI N]NW i<E¨J)iIMCWX]:H!V]W{]:[8J)JD]HdfMI]:VKs.NJDHlm>¦:y4MIsZDJDV!JgYKVK[YXsZ) d.]GWK]:]:V(JDNjY{d sNN.

(46) -x]:]s.x.]GH(]WKrJD]:n ]:N YXdecN8NFIJ)H!HIyt]:]:NN\JDHKYX JDMIsZgZ4sn N.x.i]:V!VoF<¦:Zgs]:YXNd.LIHK] ]V!WKH!vlm]:F<d.N$Z)]:iIH!N]]:W{N\xV!]:B H!N WXs.UvHKMIs.s.W(l]:JDN8N VUv^MI]Z)y°F<]V(iIx]:N\]W B .

(47)

(48)

(49) N . x : ]. N . D J n 8 s D Z C M K H ) J < F . N : ] N . x ] W u I M D Z > M . k ) J : ] N d I M s l : ] N t y ) J X W x N . s ¥ W 8 x ) J ] eNHy4JDYKZDsN.i®x.]W¥V!H!F IlmWK]:J)]:N xJDn sN.4Z)N8]:J)NªLI]EWXVKMCsH!n ]WXJ)x8](MC^WXV!]H!WK]:]:ZDY{Z)HdB<N.v]Hn y°MI]:sZDY{Y{dd.]jxx.J)] ]:Nª°N$iIH&WXytMwLJDYXJDHKMCZDs8HKJ)N.Lªix.x.F<]noWJDZ)N8]:J)s]Y{WKd$]:NH!]:x.N8]:x.N ]:NªNrH!]:]:JDJDZ)Ze]MIx.N ]Wx.]uWMIEZgM>kMIJ)VK]:V!N ] ¦:dssNî.]:B VKYXNd.WX]:xJ)J)^]:V!]:]:N\N zÊ¨]:FNx.s.]:H!¦ZDZ)]]:NJDYXdy]VKWXFIx.iI]:]:N NMIc NWKNFIH!¦]+]:VXV!V!]:]¨n(ytJ £JDMI]¨NxMIZ)J)f]HKJDVKH!Y{W{d.MI]¨dZDEGsN.Fi<x.VK]: ZDsZD ]Gd8ZDx.s]N.Wji+ux.MI]:ZgVM>kuJ)]:MINVK]:]:N$VHKV!x8H!]_J)]£ noxH!J)J)]:]HvV!WX]jN.LI]:]EGNWK]:HKFJDV!N.x.H!]:l]:MIdZDZ)YXs]IdN.H!i]:V!N\F s Nx

(50) !x(M]:x. JgFd.xY{WKd J)]t]¥ [8dNs flYKFIVXWXJ)yt>n(MIJ)WKMCZgJDHKVKsJ)YXF<N.dN.i.]:nN FFIxs.HK J)]^LW]J)]WxWKJDH!x8] ]:J)Nª] N.vE¨WKN$]:FJDH!xY{]d.]:W{ZD]V!Z)H!WX]:WXsN+s.N.îHK]:s.x.VKW]:YXVhd.JDNW{uJ)]MIU4^V!MI]:]:N\Z)V,F<B8xV-s.YXMIW{ds8YXVd¥]WKx8Eÿs]:]N.J)HKH!MI]Z)ZDWK]Z)]] W EYX¨d.MC]:H!N ]WX zJD]¥]WXno ]:J)HVXV!]:]JDWXNs N.]i ¦FI]:iIJgN]:N®J)iI]yW ]WX x.WX]:iIN®]8>NMIJDNVKVKN]jB x8 J)]:JDV!]]WoJDY{dªV!]:no¦]:J)J)£iIMI]:NN MIZ)CfMIHKNJDVKN\YXd]:l sN d.EGWXHFxx.J)]:]:ZDVZD]I¦:B s]:FªJDNyt]J)WWXx x.]:]s.H&HKyZgJ M £ xc J)WK] FI8: ZD]:]:sn Y{d$¦:H!s WXd.MC]:lmH!ZgZ)lm]s8WPN.uPHKMIJDF<ZDM>N kJDx]:s.N WXY{JDn d ]:U4JDN.MI]s.lm]:N\Y{d.^]:yYXd]:ZDH!YX]d.W!]:£ VPs8JgNN.]:HKJgJDN.F<lmN MIY{Nd.s]NWK]:N i<s. zHo]^WKl ]:MIVKd.Y{WKd.]:WXN J)]^MIs.]:N\lmH!WXJ)sH!NH^xytxJDWXMIx V LIiI]]:WXN¥nox.J)]]:Wx.]:HKMCNHKB<V MI Y{Y{dodZD¦JD]:Y{J)d.iI]:]IN x zM] W{VKxYXJ)d]:noV!] ]: zZ)¦:]sWXN. i<]:V!VXW{V!MC]H!WX]4sN.LIF<iI]:NGN(uJDNMIZD]M>WXk.V!J)H!]:]NW JD: n«JgNUvJ)]hMIxs.s.lm]:W{N(YXd¦:s8iIV!]:HKNMIMINsx.]]WKI]F<noY{dnoMC ]:H!N\¦:sNVKF £ ytJ)]PVKN8J)]OV!iIx]:JDVK]MInx]HtHKMIZDJ)JD]ZDlmZD]J)]WXWXNjH!] xJ)v]ONV!H!]:]n(WXV!J H!£WXMIs.NMIHKZ)s.fHKWXJDMIVKN8Y{MId.Z)]:fNGVK]OEGZDJ)F]x.lm]]:WKZDZDH]B JgNJDd.WK]W

(51) !]H!¦:J)iI]:N sV!iI]:VKHKMIZ)HKsN.i]:JDN] ]:JD]:N.no]:n ]WKIWK]:]:NZDMCV!HKyJ)L]WKHzZ)]]:WKJDN.lmF<]:Z)NjiIWK]:MCJDY{H!d.¦] lWX]:J)]:]VKWY{d.cWKMC]:WXJ)8MInos8N.]iOH!]x.W,]ytWJ)uWXx¥MIZgxM>J)k] J)]:: N]:[ sFIYX[dsH!ZDMCWXHKMCJ)lF<H!Nl sJDN.NiIHKJ)WXF<FN¥ I]:LIN(F<NUvMIU4s.MIls]:Nl]:BN.Eï<M>JDH£ Z]:DM>JDN.k]¥JD]:N(MIs8sV!NiIx(][x.W ]MC WKiI]:H!Nj]GE¨MIJDY{VKd$VKH!]_]_£ :£&E¨]:sFIY{WKd$[8H!d.F<WXZDMCFIlmi<H- £J)]_ z£2]WX]d ¦:MI J)Z)]:HKdNs8JgV§N.i.i<es.HesN^x ]:VKY{xd.J)] WXJ)] z^]]:WKN\H!]:BJDuPZDs8Z)N.]:i+JDYXdx¦]:]:V J)HKJ)iNx.]HenoMCWKMI.N £ ytJDxNJ)J)] x.WX]_x\LIkGFIB WX¦MI]:ss8J)iI IV!iIHP]]:WX]:xVKJgMC]:N.iIn ]H!]4vytuvJgJ)YXW{]:d.xªVKFIY{H!dxF<JDJ)noY{](d$JDrH!]]hs¦x.ZDZDyt]f$W JD£ VKY{JDd.H!VK]]:dWXNª]NWO]:N$h[8HKJ)]:V!WXH!ZDMIMC]:ZDHKd]:J)sNF<N.N®si<N8LIVKWXxF<MCN H!°].ZDZDJg]:J)V![ZDHx.V!JDi<]:NMIN\i<ZD M>s.MIk. H!dJ)]]:N8W N®ZDtJD YXi<^ds.]HytWK]:^J)Jg]N]:VKV!]:Y{HKVd.JDnoWX^J)]n]FI^s8]:N.MIN ihY{d$sn(H!N8]J)x HH MCHKs.e]:JDZgNGZ)]:]N WXd.]]8FIZD8JgYXMId.YX]dWvHKsr"N.]:i<JDZVKx8x.MC]H!Wt]:N\FI^B ]:N¨ ]:VXYXd.WXJD] ]:N]:N WX ]:JDHtnoMIYXdHJDN$H!]:N8VKJ)LI]:N+u]WXMIsY{d¨LIF<N vJD¬YXdjF<JD]:nV!l ](s. [8Whs.xH!JDn]J)W{]:sVKVKJD]ZDnMCHKsJ)WKF<ZDMC^N.HK]:]:J)J)NF<HN.]:yt]:NNs.HwW{ytx.V!JDFw]:YXyNI]:F<n(Z)dH4Z.J)d8H4noMC]:JD JgH N.]IWX]:B]:n JDNMIN.VKVhH!]:Fces. I]:WKlNªFIWKiI]:WXJD]MIJDnW no4sn ZDfMCNHKIMIJDF<F<nonNJDV!8[JgNWKMIFIJ)ZD]ViIWKW{MIH§MIsno]:Y{JDdoNn nod^JDJ)]]HWXWKUtMC]:WXY{fYXdx.d8N.WKJD]VKFHYXx.^df]:y°NVh]:MIZgE¨noYXd.sJ)]: Z)V£ B HKd$J)f[^x.F<WKZ)FLI]x.WKfl NMId.MInoWK]:JDNVKY{¦:d.s.]W W ]ZDsWK]:JDxYXd8] N sVKFINiIi]:Nx.MI]NWhNuvH!]WXMw L,JDHK# MC#HK/J)F<Nj1% no (J)H * /]:0JD!3N$ ] 1 W°

(52) H! )]:%JD*5ZgYX# d. % ]: N 8(MI, VKJ)0]! WXH!4{]:B$N MIV]:VKceY{WKd.FIWKiI]:WXJ)8MInos8N.n i LIlW ]s8 WKd.y°]]:WKN8]:x.N ] zHt]]:WKJDlNMI]d.WKh]:]:N\JDBd°]]:MIJgZ)V!iI[8FIJ)WX]:J)ZDHKVKd8y°no]:JDJDVKVK]Y{d.y]]WtWXx.s]:NN¥x¨MINZDZ)s]hnor]]:WXJDJDZDVKY{Y{d.d.]:]NoW no z]J)H°WK^JDN]:xVKV!J)]LW{JDxssN.]:iIZD]:Z)N¨]:N\Jgn ^]: zZDJ)]]WKi<J)Z)i]:JDL>Y{MCd¨WXJg¦:M>s £ 8I]:Z)]:J)HN x. ]]:WJ)HKEVKY{sd.Z)WXHKJ)JDH![ H!]:F<NZ)£¢ JDNMI H!d.]]iIW{WXsJ)]N.WKiHPsytN8J)WXx¨x]:]:JDNJDNiIN.]]:l ss ]:dVWKH] B\(Y{¦:dJ)]:N$dH!MC]^WX]o]:V MIPsY{WXdªJ)H!]]:W{JDNJDs](n c lWKs. FIWPiIW{xMIJ)no] n z]LIWK]yW{VK]:J)NF<x.N 8¦:MCs.WKW£ z]WKy°]:N8xsN.iMIs.l [8MCWXMIZDZD]:Z)]:NGs.[^]WXY_F<n[8sH!]WXNjnoJ)H,LI]WKH!]:JDZDH!]:np[^]:JDYXd]W,]:N$H&ytJDYKI]:ZDHBUvJ)]WK^]:J ytVKYXs.d.WX] x.]( N]:x.JDN]WX]_skN[8iIZD]:JD¦:N(J)H!JD]n W zP]F<WKn(i<Z)n]:JDsY{d¥N8J)¦:>sjMCHKx.JDF<]:NNVKV!MI]NWXVKJDMC]:ZDH!Z)¦(]:N.LI]WK]y°WK]:]:N8Y{dx.N]Hs8N.y°i<V!]:LIZDY{]d.WKl ]MIWd.]WK]:WXd.N]]8WKZglmJDFIYXWXd.x.]¥]WXMIZgZ)JDiIYXFId¥WXJ)noHKdMIn(YXdJ ££ H!VK]IYXd.B ] zs.]lmiIWXlmWXMIsd.NWXx]:NV!]:xJDN.MIVz]W ¦:s: MCsiINW{H!MI]N.WXVKiIs]:Y{VKd.YXd]:]:NN x.],eceJ)iIWK]:FIN8VXZ)YX]:dn¡MClm[H!WX]:JgNN.¦:VKJ)YX[8d.J)W]:MI ZgZIN.y°]:Hxx]MIWeVJDNJDnV!]:[JDZ)N.]:]nWe]:uvN]HKJ)F<]noWKH!]]H!WXNJ)s]tnN.F]W{YXJd £ Jy°DN]:J)VKH!]:]:JDN N.]:en JgNx.VKMCfH!N¦MI^no]WKJD]:VKY{JDY{d.d\]:B$N -N(°]]:WXJgN.]:JD]:YXn«d]:LJDJ)N]WKB H!]:NMIVY{d$JDny]sWKZD[8MCsHKJDNF<NHV![nWKFI]:iIJDN.W{]MIW no.n FIWXdVKY{MCdHs8xN.MIi<xVKMCsWKWX^YXd+]:J)H]:JD^N.]:]:VKN+YXd.V!WX]:]:d.J W£ uv]]:VKJDYXY{ddªytxJDN8J)]xJ)]:iIJDNI]:iIJ)]:H,V!]sH!N¦x¨H!]:uN]:NNsMInsJ)]iIWXIJgVK]:YXJ)d.H4]:x.N ]:V,r]:]:NYXd8HKV!NHKJ)MIIN]:x.Nª]:N.s]:N8N¨x IJDF<YXd VKnV!F<H!]:Z)FIZgZ)i<]JgVK]:YXJDd.N.]:]oN t ]:JD]d.WK]¦LI]:F<sNi<VtrLI]:V!FIHKW:VOB x.]W .

(53)

(54)

(55) N : ] g J . N : ] n C M 8 K V { Y d D Z ) J 3 ] I. : ] N x : ] \ N l s N l ! H : ] N r : ] D J , Z n : ] D J . N ] W FIWXVKYXdsN.i<VXMCWK^]:J)HsN$H!]W{VKsYXd]GJDYXdxMIV. iIvWKJDF]: IV!W]MIWP suPnoMIJDZDiIM>]kJD]:N.JDYX>dMCH!HK]MIlmZD]:FIZDi¥x ytx.s]:VWXx.v]NJgn J)LI]JDWXN.VKlms8WXnoMCWKVFIH!MI]:NNdMI[^N]x H!x.W{]:MIV¨Z)ÂC]BTWKS ]:£JD<YXf d¨MIhsFIV!H!iILI]]y W{VKMI YXddZDJDH] 8ssN8N.xGi<V!¦Cy§MCHKMCMIWvZ)FILIi<F<VN B ]:4JDN.]W]W ACBT: S JD£V!IH!fG]tJDN.FIlmH!WXLIMC]WKWXFIVKH!Y{]dWJ)]c°8ssN.Ni<HKV!¯>sMC]:HKZDMIZ)ZD]:FIN\i\Z2xM J) I]¥H4LIVKF<JDYXn d¨¦:s.W O£F<NMCV!H!H!]:WXZDs.ZDJ)H!HK]:J)NF<N^]:]JgFIN.8]MIW YXOdH!MC]WKHH!]y°x.FIWX]xW]:uPN®MIVKZDJgM>Nkx\J)£ B ]:iIN$]:Z,LI]MCWK^H!]:xJg]:ZDsYKN.HijBJDn J)]Z)FInCMIFZ)x.]:]N WXN4]:NN®JDLIrh]WXdVK]sFIn WXJ)]:d.N ]WX¦:MIs.N.W¦:JDd]:J)d.]]:WXMCN\W{ YXy°dJD]:VXZDYXY{d.d.]:]N lmMIuVKHMIZDx8M>J)k.]J)]:iIN.]:]:VXNMIHKnoV!H!n]:dH!]¥sN.U4i JDn(JDNn¬§]:ZDPV!Es££ 44NNJDJDLILI]]WXWXV!VK]:sN+noiIV]:MId.s]:V:N BLIF<J)N ] y4JDs.N.lm¦:J)ZiIMC ]:W{NsN.[iWXJDnox.]FIWoWXxV!HKJDMIMCZ)HK]:JDNV!HKJgVKHYXFI d.WX]:sN NiI°]:J)N iI]:JDNNVKY{x.d]MCWlmH!E¨]:N MIVXxV!]:J)]:NV!x]JDW Y{d$H!ZD]os.xHK]:sVMClHKW J)s8F< Nd.]:]:NN IH!V!]:H!F<]:N VKZDnZ)Hs.F<]:Z)FIHKJDsN.i<]MCJDVXHKYXJ)x.d.F<]]PN.W+]:EGN iIFWX¦:sx.sN8]:WZDxsZD ]4Z)YK]iIVKiIY{]:d]:Nd.ZDx.MC]:]:iIN\N ]:NUtxLIJ)]FI]jW{W:MIy.sxMI V!Md.lmFI WXWX]:xx.N]J)x ]tWXsMIx.NN.]iIl W(MI ]:N.NJgN i<ZDx.JgMCYX]HKd.W J)]:F<PNN;MCF< WXVKH ]:nFI NWXF<sZ)ceFINdi<iIJDMI]:] N¥V!]xZ)]MCsH!Wwn©¦B HKZgJD-]:YX-JDdNNMILMCs.J)HK]:l J)Z)F<l N;MIs8MCYX d.MIWX]N]: V£ LI ]ZgWXs.V!H HKMC s8WKMCHKH,J)F<ytNs.VKWXV!x[^]:]N\BH!WX-sNnoV!F<V°ZDV!Y{HKd.MC]:HKNGJDV!HKE¨JgVKFYXx.d]:sZgZ)N8]:MCNj8VKd JDNMI N.xi<xJ)i.J)]PV!ceFd8xMIMV!]: oNjxLIJD]P]WXVKY{H FId W{J)]:sx.N.]:iIN.]:]NW ]:JDNGF<s.uWXJ)MI]sWXno <VKFY{x.d.]:]:NjV \x.s]:V£ lmxMIJDZDMIZgZ)V!]:l]:NZgx H 8FI JDWXZDsxN.]:N\iI]:B NeVxi<J)]J)MIHZDVOMIZDZ)]MIWXMCx8H!JDN.FI i<WXVON.]MIWPsx.Y{d ]WvMIIZ)H!F<]VKWXnoNJDMCVKHKY{J)d.LI]:]GNª¦]:H!WXNs.MCW{J)HK]:s.NWK¦:JDsZDxWs§NiJDZDx8MIss.N.lmiIiG]lx.M] IWHP[y°WX]JgnWXxFI]:W!N £ ZDJDF<VK Y{Nd N]:! N\# B r, FI0[^! F< Z)FI/ * i< JD VK Y{5d.4]oVKvJDN]x l]V!H!F<]ZgYXytd.]J)]E noFI MCi<i<ZDNJDY{]d.HKIJDVK]:YXJ)dH!]:](N\EGB F<N.ZDZ)FI][^W{xF<Z)JD]IN.î<FVjx.VK]MCWiI]:IN F<VKnoV!F<JDZDVXYXYXdd.]] EG MI Fx.x.]:]:NZDZ)]ªm]:n(N.iCJ)H£ H!FI[ F<NZDFIi<xJDJ)VK]:YXV!d]]:W NGvWK]^l]:]J)HH!]:^N]:Nc°s.dH!¦MI]¨V!]:JDN.Y{Id FIWXxWKMI]:V(ZDMCHKH!J)FIF<[ N.F<]:ZDNjFIi<¦JDy4VKYXJDdVKYX]+duv]:NG]:Nx.s]:V-N£&EH MFI .W{sN.siIn ]:NjxLIJ)]+FIWXuvMIs]F<V:Bno]H!WXJ)]¨LIF<N Z MI YXd.]:N i<Z)]:JDY{d.]WJDY{d$H!] JDn iIWKF IW MI sn(J)iI]:N JDY{d$H!]lm]:ZDx x.]:V4N8J)LI]WXVKsn(V¦:s s8N$H!]WXVXsYXd.]:NB v^s.JD]:l V!MI]GZDZDV!V!lmHK]:MCZDxHKJDVV!HKl Jgs. VKYXWd.x]GJ)]¥E¨MI]NHKld.MI FN.x.i<]ZgJDYX>d.MI]:N8NN H ]:FI NWXs.s8H!N.¦iIH]:N®y]x8WXJ)x.WK]:]N\H s¦:sn©H!x]:V!JD]jH!]:N\U4Bf-[ YXFId HKd]:]:N$V!H&]jyt]:JDYXJDN.Z)]:]jV(]:uJDNMI]¥s <MIVXsYXV!d.iI]:]_N £ x.x]:sdN.NH!Z)]]:NªV!HKEMCHKMCJDVKH!HK]JDWXVKJ)YX]jd]noE¨J)HO]^HK]d.FIF8xMIJ)Y{d$H!s]nH!]:N HKd.u]FIMIWKZDM>]HKk.JDJ)VK]:Y{N.d.C]oMCHK¬MIF<Z)FIniI[8]:Ns.H!yt]W{J)n]¥Fx.x]:]:n ZDZ)]PACl

(56) BTSs. £ Wv<x8f J)] O zMCHK]MIWKZ)H!FI]:i+JDZgs¦:N.sªi¥LIx]]W!W£ i<y°Z)]:]:ZDJDY{YXd.d]]:N\xBwJ)]-NxsJ)]:V!y§V!]:MIn dZ) z] ^]WK]lMIH!d.]WKs8]:NNx( ]:xNJD]4s.H!V!¦HK]§MCHKJDYXJDVKdHKJDiIVKWKYXFd I]:] N°vNNV!VK]:JgnYXd.8]Z)WX]:dV]: J)H!s ]:NN¥VKHKJgZDN(JDYX^d]]FIW8uMIMIY{ZDd$M>H!k.]:J)N]:xN.]:CNMCHKMIZ)MCFIH!iI]:]IN NxMIJ)],YXd^8]JDFIZD8xMI]:N\YXdB^H!]Y{H!d ]:N]:N$uvH&yt]:NJDs8YXV!Z)]¥sWKxLIMI]:NN(Nno]:JDJDHzN.]oHKd.no]FI]:WKd.]WXHKxJDVKJDY{nod.]:]:NN¥VKE¨J)F<NFMIx.ZD]:]ZDZ)Uv]:NMIs.¦:so[H!LII]F<WKni<Z)[^]:F<JDY{N.d.]:]:NN\H!B$]:-NYXMId(N¦MI]:Z)fJ)iIV!]I]I"x8s8Mn xIF<MINVVKACJDV!BTSH!]:£ INf¥HJDV!HJDY{B d$H!N ]lm]:x.ZD]:xjn©MIs.VKlY{d$iIy§WXFMI IYX]:dN¨NJg>YXdMIZDHK]:ZDJDNN.]:n(MCJ)WKH°]:N x.]W,]U4WK]:fJD[^Y{dFIHKd.x]:]:VKV]4iI]:W{JDM:NL]:J)V,HKMCuPHKJ)MILIs ]: <N VKYXªd]:MIN YXd8^V!s.HKsl MInoZDZDVV!lm]:LIZDF<xN V x.H!]:WXNs. HKF< s.N8W N.]:]:N$N\H&B yteJDYKVOIyt]:ZgJ)NWXx+VKJDYXiId]¦c°]:J)diIMIHV! ]:xN.MI GFIWKxWX]:J)](ZDMCuvHKJ)F<]:N.Ns]:N\V-£CxHKJ)MC]HKnoJgV!HKJ)J)Hx.x.]We]:VouvAC]:BTNS s£ IV-£f HKOMCHKMCJDHKVKMIHKZDJ)FIOi<iIV]:JDnN.]:IVKF<VKN8]:VKNJDV!y°H!]:]NWKH£ LInonF<]:J)N HN.]:xs N ]: n ]WZDs5|I|HKHKMIsNMCB,xHKMCJDF<WXJ)Nx ]:VK Vj£V!¬,[^JDV!]HE H!JDWXN s¤no]W{¬§VV! H!P]yWE ]:ZD:4YXJDd.E¨N]:JDV]¨Fx.MI]:]:s.JDZDN.l§Z] iIJDV!WK.HFF< IZ)s]:iINN] x®]:CJD¦NMIy]Z)MC]:W¥NªWol MIno¦:ZDs®VKJDY{HVKd.YX]:]:dJDN N.y]:MI.n Y{FId.WXP]Gn F<Nx.H 8FI]: WXx.Vjs]:MIN.N.N.iI¦iI^]:]:N®]N.WKMIF<]:JDs.nY{ld ££ y°MIs.]:lJDVKiIHWKB F I]:Z)H!N¨]WXN8CMCMIHKZ)J)]:LIN] VK JDNMCxWXJDMIxNMCH!iI]:]N iI]:x.N]WJDN¥¬§i<Ps.EGH!]W£&EG4 F^x.]]:WKZD]:Z)JD]NnoV!HKJgJDnoHvMInss8VKN.WK]:iJDYXnod]:J)HNxx.]:V!n HKMCWKACIBTS ]:£N If OZDs.MCHKHKMIsZ)MCFIHKi.J)BF<Ne]:JgNN y°VKs]:YXV!d]:sNN.HKZDijJDY{d.x.]]WWO zuvFIWKWKFH! I]:WXJDMIZs8x.no]WOV!H!uvWXs.]:NHKs8s.V-W£ JDV!N8HMIJDZ)d.fWKVK]]WKJDn ]:ZDMC zHKJ)]LIWK] i<Z)v]:JDNY{dMC8n(d MI J)H4N.i<MIJDNiIxI]]:WKJ)H4]:N LIF< zn ]WXlmVKMIFId.iIWX]:]:NN¨MIN¦:Ns.H!W ]:NvN$H!]0( W!£ x.x.]]WWvEuMIMIZDVKM>V!k.]:J)N]:LIN]LIWK]H!WK]:H!JD]:ZDs8JDZDN.sioNi.lmF<B Z)-iIn H

(57) !MI]:ZDx.ZDiIF]:YXndG]:i<JDN.JD]:HhN+]:ytV4J)LIW{]x+WXnMINsiIHK]:ZDJDN.YXF<d non]:y°N\]:JgYXxdMs GN.iIx]:J)](NuLIF<MINGZDM>]:k.JDJ)N.]:]NWvLI]V!WKH!H!WK]:]:JDN.ZDs8iIN.]:Ni c WKFI[^FIWKHKJ)F<N8MIZDJ)H MC Hwx.]:NV!FIiI]:NMINNH!]:N§JDMIV x.]WuMIZgM>kJ)]:NB J)] WKiI]8N8JDVKV!]ex]Wuv]:NsV-£HKMCHKJgV!HKJ) . .

(58) . . .

(59)

(60)

(61) V!F<ZDZ)H!r"]:]:NJgZ)VK]PJgYXxdGJ)]:NV!]JgYXW dH,WKF^x.]:]J)W4H N Os.WhMC[8VK]:J)H!d.]:WtZ\sSNsy°N]:xGVK]:a)N$4HKZDVXJgJDYXNd xjMI JDNNjxx.]WX]:N\N lmMIWKZgHKZDJ)V§I]:]:JDZDNGNGV!F<[ZgW{YXJDd.N.]iIW ]:Z§]JDMIHtVhMI]_Z B k-JDVKA:HK|IJ)|I]WKq)H4,B sN8x [WXJDNiI]:Z dJ)H!]-A:|I|I|)4§^]WK]:J)HKV,LI]W F ]:NHKZDJDY{d$HhyFIWXx.]:NGFx.]Wt ]Nx.]:NjVKJDY{dGJDn vWXsYXB. 1.

(62) HKNdMCHKHd.]4nYF<s.V!WKHWK]:FINltHKZ)HKfd.]jlmMwnoLIF<MIs.VKWKV]:x(JDN®Y_F<HKd.VXn] F<4Z)FIN8i<J)LIJDY]MIWXZV!]jnoY_FF<x.N]:VKZgVJDVKlHKFIVW°FIHKl d.],TxlMCFIWKW{no MCn(HKJ)MCF<H!NH!]FIW:l^ i<[^MI]ZDM>WXk.dJ)MC]:[8V VJ)H JDN®JgV HKMId.VK]VKslnoFIWX]:n x FIdl4MIVhM+N.fIFI]HhH^H!]F]:N ]jx.]JDH!x.]:]:Y_NH!HK]:J)x+]:xxJ)WX ]:yY_HK]:Z)MCf(F<Z)f®N JD°NH!MC]WKWXHKMIdŸ_HKVKJDFNilmMCW:n(8MIHKd.VKVK]J)WKLI]O]jJDVh[8MCM(WKHKZ)FIJgYH,Z)]IFIB lzJD Nxd8J)WXJDZ)]:](Y_H°HKd]]jLJDx.x8]:MCNWKY_]PnolmFIMCW4H!H!JD]HKWV ]_J)HKkVtJDVKVKH!s]:WKNWKY_F<]IsBONrhx8JDdN.JDi<VvVJD.NV!x8]J)]:WKN]:Y_lHhFIWv]L]_JDk.x.MI]:nNY_[8]Z)]V!H!Jg]:NGnoHKVd.]lmWKFIF<WKn 8J)HKHKMId.Z]nxFIMCHKWKJ)¨F<Nn(VtMCFIH!lzH!]i<W MI VPZDM>iIkWXJDMw]:LVtJ)ytHKMCJDHKHKJDdF<JDNNMIYZ ZD]s VKH!]:]Y_WXHKVVP8F<FIN W JHKDNd.]HKd.Y]os.WKiIWXWX]:MwN$LHhJDHK]MC[^HKFJ)F<YXd\NMIZexMCZD]:WKNjVKJDnoN.iMCH!FIH!]l§Wv8JgMIVhYKMIVKiIVKWKsF<nosN8]:x xi<H!F¥MIZDJDM>Nk.H!J)]]:WXVOMIY_H4f F<noNZ)MIfVKVKiIJ)WXLIM:]LlmJ)HKFIMCWKHK]J)iIF<WKNF<MIs8ZgNZ)fIx ^FI]:d

(63) !]:M:Y_LHKJDVN.B ioMIHV M(JDNV!Y_HKF<MCZDZD8JgVKJgZDJ)J)F<HNf¨Z)]:FIVXl,V [WXsJDnJDxFIB§W{rtxJDd.MI]Z iIsWKF Y_yhHKsHKMCd+HKJ)FIF<l N8V!VH!WXJDsNY_HKHKd.s]¥WK]]:JDN.V4]WKHKiId.f ]:Nx.HK]:d.NF<VXs.J)Hi<fdH4FIl§H!FHKd.F]oYY]:s.MCWXW4ZDf LJDM(vNiIJ)WXLIM:]LW{J)V!HK]IMCB¥HKJ)F<rhNdMI] Z nMVXF<noV!HMIVKZDZsLIYY_]:]:Z)FVKV!Yl J)sHfZ"HKxd.JDV!][^FIWK]]WXHKVKJDJDYF<MIN(ZzMCnH§FHKd.x.]]:ZDV4][^MIFVKY{VKdjsnoFIl]noHKdMCMCH!HH!]HKW!d.£¤W{]MIxxJDMCMCWKHKGJ)F<noNjMC]:H!¯H!s]WOMIZDJgJ)VH&fI! Bz#$&Nj%CHKJ¤dB~]I]:BV!]PJ)HvY_dF<ZDMIxVvxF<MCNWKZ)f noMCWKMC](H!H!^]FIW WXN¤¬§PWXV!E H4MIY_NF<xVKnoM+F<dZ)FIJ)]i<W{J)MC]:VWXYX,di<fMIZDFIM>lhkfn]lFIWKi<W{noJDN.MCiHKJ)[F<WKNFY_[]:WXVKFV!]:Y_V]]:HKxd.V¥]:N®dJ)MI]WXVXMCV!]:W{nYXdJDYZ)](MIZg]Z)fILIB ]WnnoFIMIWKZD]Z§i<noMIMIZgM>VKkVKJDJ)LI]:]V ]_V!fkVK[^H!]:]:Y_noH!]:VxGB rhH!F(d.]OlFIZgWXMCn WKiIWX]:MCV!HKH,d.L]J)WhWXJDWKMI]:ZDY_JD¦]:]:Nx¥HKZ)fjFI JD

(64) -N]:Y_HKHKdV4JgV MCHh HKFId.H!]PH!F<[nWK]:£VKs.]:[ N$ .H,[8HKMCJDnoWXMI]Ix8.J)i<WXnJDYXd¨FIYl ZDi<sMIV!H!ZDM>]kWXV§fjFIlml FIWXi<noMIZDMCM>HKk.J)J)F<]:NVB8MCWX] i<i<MIMIZDZDM>M>kkN®fJD]:HKVdlBFIJDW{V noHKdd.MC]:HK]:N(J)VKF<JDV:H&N\y° B F-y°V!N [8FIJDWKWXF< MIN.Z] F<i<N MIZDJDZDN.M+M>]k.NJ)FI]:s8VlnFIn^l"f]Y_WF<WKnFI]:ltVK[]:WKMCMC]:WXWXZDMCYXMC8d\H!]:Z)v]vx (noMIlmMIV!F[^VKYV§]:sY_Y_VHKF<VZDF<ZDNFIJDxlt]InHK$d.]iI]¥WKWXi<MwHKJDLdN.J)]HKi MCFIHKWK[JDfªWKF<FNFIY_MIlh]:Z VKdHKV!J)JD]:]xVW{MIMCFIZWXllYXFIdxWXJgY_YJDV!]:MI V Z HKZ)x]:JDJDxMIV!xMIHKMIZ NH!HKF+Y_MI]:JgHKVtZDVdMI]¥MCVhWX] ZD]

(65) !MC]:WKFIY_iIHK]J)V!F<]MIN WKVtLIFIV!]:]ltx LIHK]JDMINWXJgMIZDVZ"n(dFIMIslvN$NfV!xHKMCJgWKN$]:WXH!Vx]WXMIMINJDY_ZDx FIHK[8JgN.i<MCMIiWXVV![]:F<YMIs.J)lmWXHWKVF<FIn FIlhlhHKHKi<d.d.MI]]OZDM>x.n(k.fJ)MI]:NJDVMIN no^V!JgF<FYnx8MIZDJ)]Z)]:f HKVJgnFIY_F<l ]:ZDVHKx d]_]PxkJDH!i<V!]:MINZDVM>x8BªkJDN.JD]:i¨VsB Y{H!dF V!YH!ZDs.WKF<]:hN.VPi<]:MCY_Z)^f]:F<NJDs.NoHPHPNHKd.HKsd.]:noJ)]oW°]MIWXVXJDnsYVKMIF<Y_Zs8]y°[N$HOHKFIJ)WKFIJDl§ZDJ)VKxH&s.fMCiIWKH!iIF]:V!noHKH!MI]:MCJDx+ZH!H!lmHK]FIdWWXnoMCJDHPNMCxHKi<J)JDF<MIVKNZDM>Bk.i<rtJ)MI]:ZDJDVM>x"kMIMIJDZ]:NHKV4xMIFIJDZDMCl°V° xnoF<J ^sM:]HOf(WXJ)JDHKHKN.dVPi(sxVeVKJDH![V!WXH!WKsW{F J)Y_L8HKJDs.s.xWKHK]t]J)F<JDNYnMI[^WKN]:FIZDxWKMCHKJHK^MIJDLIN]]WH H!HKFod.]¨HKdZDsMCHhn(FIJDN.lF<HKsd.V]O[8LJDMCVKWKJDH¥8Z)FI]4lZgJ)i<i<MId$ZDHM>B kJD]:YV(Y_JDFIVWXx8]:JDnN.i^]:H!xFox.HK]:d.x ]JDYN s.WKM WK]:l NMIH4J)WX¬§Z)f P]_E kH!]:nNFx.x]:]:x ZDV§d8FIMIlZ)Fªi<MIFIZDlPM>kxfjMCWKlmFIWXnonoMCMCHKH!J)H!F<]NW: ytnJ)FIHKWKd®]OH!noFIHKMIMIVKZVXJ)n(LI]MIVKdVMIZ)nF]:sV,Y{d]_kZD[^MC]WKWXiIJ)]]:WNY_HK]OdMIdN JDi<HKd.d]MCW,H]:NFIY_lhF<HKsd.N]jH!]V!WtH!]:LIZD]:ZDMCZ)FWYY_J)HKF<J)n]:V:[^F<Z)]:N.MI]:xNJDHN.iJ)HKV!H!]:F¥Z)lMoBVKunoMIMIZgZDM>ZDk]W,J)]:FwVLIyt]WXJDMIHKZDd Z V!YH!ZDJDWKn]:N.iIHKF<ds.H,FIFIllzHKMod.]x.][^]][^WK]HKW,sWK[^8FIMCH!HK]:J)N$F<HKN JDMIFIZly°HK]:d.ZDZ¤]G.[xF<JDVKVXVKBJ)8Z)-fN [8MIWKx]LIx]:J)HKN$JDHKF<JgN\N. iHKHKd.d.]G]O[^lmFI]WXWKnoHKsMCWKHK^J)F<]:NGx®FInol MCnoH!]MIW{VXJDVKMIJ)ZhLI]OdMIHKMIVJDZgH!VF B i<xMIJDV!ZDM>r"ki<FJDMI]:]:VOZDM>ZDsytk.YJ)J)]:JgHKxV§dMC]_H!V!k]4H![^WXHKs]:d8Y_Y_JDH!HKVe]:s.xG[^W{MIF<JDZJDNGN[He¬§WKl FIPs.[^WKE ]HKWKdHKs]J)W:]:N8$VOJ)LIex]d8]WXM:V!WX]:LIJ)LIV]P]:Bx Y_°F<lmHKNWKd.V!F<]:H!n WXNs8V!Y_MIHKH!N8s]:MIxxZ)JDf]:x.HKx¥]JgHKYY_MIF<nJDZ)ZD]:ZgFJDxVKxJ)]:NF<ZDNs8VPVnlmMIFI]NWWXJDxjYHKd.MInZ]o]n[^WKiIFFI]x.[8W{]:s8V§ZDZDV MCFIHKFIlJ)lF<HKd.xN]:JDV!VKFI ] l. 1.1.

(66) "

(67) $#&% nxJDFV!xV,]:ZDdVM:JDLIN]M xJ (ZDMCWKYiIs8]GZ)Hf¥V!]] H

(68) -]:FIY_lHKJDY_NF<ionHK[8MIsJDZDH!V]8W(ytVKdJDnJDZ)]PsZDZDMCMCHKWXJ)iIF<]N8WtVxBªJDV!HV,ynMIsVYXdlmF<snNFIx WK]OHKd8]:MIMCVKHoJgZ)nf¥F[8xWK]:FZDx8VsytY_]OJ)HKnod MIVKVKnoVKJDMILIZg] Z HKHKMId.d.N]]¥xFIMCWX]_J)8k]:s8VH!]:NMONxx.WKMI]:]:NZgx Y_MC]oHKVKJ)LIH!FI]:]:l,ZDZ)ZDfoFIMCWoZDMCV!]HKWKMIWKiILIJD]vZg]:VNxB s8VKnU4f^V!FwH!y]]:W]n(LIFIV]l\W:i<yttMIJDJ)ZDHKH(M>dªkMCJDHK[8]:MIV°[ JDZD]:VKVdMCW{F<YVMIsNZDHKxod^MC^]oH(]t]_JDYkN MC[8[HKZDMCMId.8Jg]¨N.Z)]v]:Y_x F<FINl\WKH!HK]:]_MIZDkMCJDZ8HHKJDlmLIFIFI]:WXlPZ)nofYMCs.]:HKWKMIJDWKF<VK]:N\JDNZ)fIBzH¥BGUt¬§rh]:PNd8EY_JD] V &Y_H,F<NHKdYNZDssVhVKMJDV!F<]V!NO]:]:n(Y_JDVF<VtN[sx WXMINY_ZDZgJDJ)HKNIJDY](]:MIZ)foFIZDZDltfHKdnJgNMCfHtx.]HKWK[^JD]:xVK]:MI]:NMCZ^x.WXHK]:YXMINd\JDH\ZDeV,FIMCl.WXHKd]d.M:]°LIs]Y_V!]F<MIlVXsxnZxF<H!WKZ)F¥]:FIVKi<Y_V!JDF<]:YxNMIVKZ[H![8WXWKMIMCFIJDWXNMIZ)no]:Y_noF<]VKH!VOn]WXWXF<V]:ZDZDFIFIMCl.i<H!]:HKJDYd.x MI]§ZH!¬§F[8PMCi<W{EMIMIVnnoY_]FH!F]F<x.WXZD]:JgVN.ZgB Vi B MIxNJDV!xV!i<HKMIMCZDWtM>k.lmFIJ)]:WXnoVMCMCHK[JD[^F<]:NMCJDWXNVxWK]:JDV!ZDMC¥HKi<J)LIMI]:ZDZ)M>fªk.J)Y_]:F<VN8BV!vHKMIN$V!H]WKJDLCN®MCHKHKJ)JDF<nN]IMIBZDZ)fI&HHKJDd.V]OHKVKd.HKF<MCs.Wti<lmdFIHWXnoHKdMCMCHKJ)HF<NjHKd8WXJDMCVH!]WX]:JDVKNsZ)JDHKV!VF<ZDlMCWKH!F<]:n x lZDMC]]:Wtx.ytJgMINYKxªV[Z)WX]:FMIY_x]:JDVKN.VKi(]:VH!FjxsM](V!H!]:FZ)l£¤VKWKs.][î<s]WXZgMCN.HKF J)L>F<M¨NG]_FIkle[8VKZDHKF<MCVKWvJ)F<lmNFIVWX no MCHK JDF<WXN\MIBxJDMCJgnHKJ)F<sNZgMCHKFIJ)lhF<NfIF<V,sytN.JDiHKd.V!F<HKs.MCH4WXV:no FIFWx.]:V!ZgH!JD]:N.Z)i £ FIY_FlF<VKZDs8JgN.YXdi.B [vWKFN.Y_lmFI]:VKWKV!HK]:sVONMCi<H!J)LI]:Z)]fICWXJDHKV!d.]]H![8FGdfMVXW{JDYsMINZ$£nM:y§]:M:Y{df+MIFINlJDVXHKnod.]oVY_V!F<HKMCN8WOV!HKlmJ)FIHKs.WXnoHKJDNMCHKitJ)F<lm]Nª]:x.WX8MCH!MI]oYKxMCs.WK]]°H![^F¨FsFIWXN8Z)JDfPns[^N]:xx.]]:W!x £ V!ZDMCH!WKFiIF](xx.JDNfNx.MI]noHKMIJgJgYZ BWXrhMIN.diI]](WK]°]:MCN8WKY_]§F<MIsZDN$V!H!F]V!WX]]:LIx]WKJDN ]§H!HK]:d8Y{JDdVON[JDYWXMIFIZ8Y_Z)F<]:nNV!H!WX[8MIWKJg]:N$YHKZDVsMCxWXJgJDN.VXiJDN.MIihN$lmfWKF<n WXsHKH!d.]o]°l]_FIkW{H!Y_WX]¥MCFIMCWXH!x8H!JD]:NnMC[WKf H H!x.F]LIVX]:JDnZ)FIs8[^ZD]:MCx H!]vM VKHK[8MCdW,]:lN.FIF<WXnn(]:MCN.HKJ)F<F<Z)NFIi<F<JgYNjMIHKZhd.n]PFVKYx.MI]:Z)Z§]lFIFIlW¥ytHKd.d.]¨F<ZD]4JDN8i<Y_MIFIZDWKM>[^k.FIJ)]:WXMCVBeHKJ)F<NN HKFIdlPJDVV!HKV!MCHKsW(xlmfIFIWXno°dMCM:HKLIJDF<]PN HKd.MI]NWXx ]lFIVKs.WK] £ [N.FI]W{HKN.J)F<FwNoLCMFIllm]MI]:N¥x.8] ^MI]:YKY_HKJ)JDLIN$]4H!F¥HKsd$WKf8x.sWKZ)F]:x.NfH N[MIWXno]:VKJDVKYs.MIWKZ\]hVKMCJgnW{JDsVKJDZgN.MCiPHKJ)F<lmWKNF<V,n FIlzni<FIMIHKZDJ)M>F<k.NJ)V°]:VJDNoBhrtHKdd.]4]JDnNH!F]WXx.V!]:H!Z\]:]:ZDZgnMCW°[nZ)Fwf]:xVtJgHKsdn ] F<NGsN.f WK]:Y_VKF<F<NZ)LIVK]:H!xWXsVKY_YHKMIJ)F<Z)]:N\VB HKd.]lm]]:x.8MIYX nFx]:Z§WK]:VKsZ)HKVJgNV!HKMCWolmFIWXnoMCHKJ)F<NW{MCH!]:V(JDNMCiIWK]]:no]:N$H ytH!FjJ)HKnod]HKWKd.iI]¨]WXFIVP8FIV!l°]WKi<LIMI]:V-x £¤WXJDi<Y{Z)d FI8V!MI[8Z J)WX5MI.ZYXi<dMInoZDM>Jgx.k.H-J)]:£ZDVM:By v slFIWXJDWN.ixJDHKV!d. ]i<MIWXZDM>VKH4k.J)]:]:NVBY_F<s8N$MIH!ZD]V!WOFFIMCl°[8HK[8d.Z)]f i<HKMIdZDJDM>V(k.J)no]:VFx.iI]:WXZgMwJDN.L$i £ J)M+HKMCVKHKH!J)WKF<F<NN.MIiªZ°H!Y_FI]:WXN¯H!WXs.MI]:Z,VJD]_N kH!s.W{kªMIY_HoFIl4MIi<N.MIi<VsB ZDMCWVnMF<nWK]:]:VKNsHKZ)sHn MlmWKF<s.n WXV!HHKd.FI]jl4i<V!HKMIMCV!W(]F<lsFIVoWXn(Y_F<MCnHKJ)F<[^NF<N.x.]:]NLIH]:eZ)FIZ)]:[8MIVx8JgJDN®N.i¨HKdH!F] i<VKs.MIWKZDM>l MIkY_JD]:]( V x. $]:Y_]:NNVXH!J)H]fWXVFI.l§nHKs8d.YX]¥d(VKZgHKJ)MCIW]hHKlmFIdWXMCnoHMCV!]HKJ)]:F<N(NJDN(WXMCsH!]¥Z)H!WXJDMINªZDs8HKnod.]¥JDN.Y_F<]:sNVH!WXJDMINZ°lWXWKMC]WXi<]:J)xF<Ni<VOMIZDJgM>VkY_JD]:F<VNBVKJgV!VXH!d.]:N$Fwy HytHKdJ)HKMCd HeHKHKdd]] F<N.]PFIN8HKV!d.]WK]:LIV!]]:xY_F<JDNZDZgJDV!VKHKJ)F<MCWKNV:s.8WXHKV!d.HK]JDNi<iMIZDV!M>fk.V!J)H!]:]:VPnoV!V:]B [8MCWXMCH!]MCi<MIJDN MClmH!]WHKd.]:J)WWXVKHt]:NY_F<sNH!]W:BU4Fwy]LI]W: ]LI]:]:YN$MIHKs8sV!MI]¥ZgZ)FIf®l4n]:N.]]WXWKiIiI]If B Z)F<VKlmV!H!]:]VWoxHKd.s]]¥8H!F N8MIx.Z,fY_NF<MIMInoZ)]:JDVKYY_MI]:ZNlmY_WX]JDY_FIHKJ)l4F<NHKd. ]HKdi<]MIfZgM>lkMIJ)ZD]:ZV:e8MIHKd.YK®]f H!FIlFIiIW{]nHKd.]M W¥VKMCJDi<N.MIi<JDZDN ]¥MI[8NJgZ)x ] FIi<l4MIZDV!M>HKkMCJDWX]:VVB MIN8°x f ZDY_F<F<V!n]j[HKd.MC]:WXJ)JDWN.iGJDNHKxdJD]¥LJDV!x8H!sWXs8MIZ Y_HKJDs.x.WK]:]oNHKFIJ)H&l§fIWKB]:norhN8d.MI]:N$V!]HKVn^]]WXHiIy]]W]:N®WK]:noxJgNVKVKMIJ)N[8HKMCVHKJDWKF<]:NV!Z)]:]:nVKV8VKZ)]JDn]:sZDZDZDJ)MC[8HKHKJDJDF<YNMIV Z MIYMINZDx¨Z)f]:x8¯Js J)]LCWXMI]:Z)N$]:NHB H4Eï<MI]VXWKx.iIf]N8WXVeMInoJgN$JDLIYF<MIZ)Z LY_JDN.F<iZDZDJDV!VKH!JDWKF<F<NNVhitxVXJDd.VKVXFwJ)y [8MCHKHKdJ)F<MCNHMIHKNd.]xoJDV!V!HKFIMC[8WedlFIFIWXHKn(MIZMCVKHKd8J)F<MCNo[ ]:Z)]:VMIMCxWK]H!FV!fJDV!V!FIH![8]:nod.FIMCH!HK]:J V£ HKH!]:dNMCxHtdH!FMwLIWK] ]:VKTsxZ)JDH,VKJDfN x^JDF:V!kH!fFIWX .HK]:J)ZgF<ZDNJ)[V§HKlmJDYWKF<MInZgVB [^rt]dWKlmJD]:VY_Y_HhF<]:N.ZDZDJDWX[noHKJDV§YJ)MH&fIZ)F<y4NidJDVKZ)]HKMI[8Ns.xWXJD]ON.iY_F<dZDfZDJD[^VKJDFIF<HKNd.Z)]:]:VKVKJgV§V°VKJDJDNnFIs8ZDMCVK]HKJDWKF<L>NM>V£ HKnJ)F<FNxMI]:Z\ZDJDV!N.HKisx8JDVzJ)]:HKV§dMCFIHelHKHKd.d.]P]txlFIJDW{VXnoVKJ)[8MCMCHKJ)HKF<J)LIN]§FIVKlJDn]:ZDsZDJDZD[MCHKHKJDJDYF<MINZ Vzi<noMIZDJ)M>i<k.dJ)Hz]:^VB ],H!F[^FOFI] H!^]:]:N$Y_HKHKJDJ)MILIZ]v[JDWKNFI8[Z)WK]:FnQxsFIYl JDNHKid.]MPYY_s]:WKNWKH!]:WXNMIH Z V!JDNHKMCZDWKs8nos.W{JDNV!HF<B VKJ)rtHfd.]ty4WKd]:JDVXYXsdZ)HKMCJDN.[iO[^]:JgNMCY_WXVPWK]:JgMINV!Y_]4F<FINlVKJDY_VK]:H!N$]:H!N$WXHMIZyt[8J)HKdd+MIVKFI]_8£V!VK[8]WKMILIY_]:]xªx.ZD]:sNn(VKJ)JDH&N.fF<Z)VK]:J)MIH&fxV [H!WKFFI8MZD]:Y_V4]:N$FIH!l°WXMI]:ZZDZDJ)TV![8[8HKJDJDIYMI]Z. i<MIZDM>kJD]:VB. 1.

(69) "

(70) $#&% N M K H d ) J X W x D Z D J . N j ] I F l K W : ] ! V : ] C M X W { Y \ d § ! V K H s . x f K H . d G ] m l I F X W o n C M K H ) J < F N I F l < i I M D Z > M k D J : ] ( V D J N K H d : ] ) J o W [ K W I F ^ [ ] o W _ Y < F V £ FInVKJDlnF<i<Z)sFIMIZDi<ZgMCM>JDHKYkJ)MIF<J)]:ZNV]:VvNJDdNªLMwJ)MWXLIF<]NMCnH]]:]:NN Z)FHB+y,YMC£rWXx.WXF]:J)]:NHKx+VXdJ)HF<JDfVs.H]:sNNF<x\J)N LIz]MjW{V![8d]oMCMwsLIWXMI]VKZDJDZDNVK]:iJDZnVKLIss]ZD[WKMCf ]H!W{]:dY_x®F<J)i<nHKdªd.[8]jNs.slH!FI]nWXWn(]MIWXMCNJgYHKx MIJ)F<ZMINWKYX]:d8FIV!J)lvF<]ZDLIM¨s.]HKW{JDHKJDF<d.YXN\d ]oB(YZDMCrhZDsWKd.iIVK]:]:H!VK]VK]HW x.NsfN8nMI^no]WOJDYFIWXlhMIVKN.JDiIn](s]ZDMCLIHK]JDWF<N WK]F<[^s.FIH!WK[8H!]:s.xHKV:lFIHKWd.Y_]:F<VK]¥VKndF<J)i<Z)FId.i<£¤JgWKY]:MIV!Z°F<ZD¢ts.HK£¤^JDF<FNªx.fVKJDnVKJDsnZDsMCHKZDMCJ)F<HKN8JDF<VPNYVMIB N^fª](V!sH!FIVKWX]:JgxªN.iGH!FM¨V!ZDHKMCsWXx.iIf ] HK[d.WK]FI[^l]FIWhW{noMIYMCY_HKF<J)F<sNªNH4dFIJgV!lH!FIHKd.WKf+]lmFIMClH!]xMCFIWXl +HKdno]MCxH!H!MC]WKWddMIMIZ)Z)FF]:]:VOV,JDHKNdMCiIH4WK]:lmMCMIHZgZx.JDN]HKH!MIF(JDZ MoBZD-MCN WKiI[8]MCW4WKFIHKJgY

(71) !s]:ZDY_MCHW:Bh\.HKsd.YX]dfdi<MIJ)LIZ)F]¥]:M V M[8CWKd$]tfN.VKJDFIYHeMIZ^x8]:JDVKNV!HKF<J)HKZ)LIJ)]:]:VtxytJgnoJ)HKndJg]:N¥xHKJDMCdH!]]:ZD[^fIFIB H!4]:N$MCHKHKJgd.MI]Z\W:FI$lHKdHKd.]:J)]W ZDY_MCFIWKWKiI]:]VWvnoV!fM:V!fH!]:VKns.WXBeL-J)LING]hHKMId8N8JDV§xHKFId.WK]:8VKJ)JDHzV:MI,V°JDx.N]x.LI]]:[^Z)FI]:[¨Nx.N.]:]Ny H H!]:YXdrhNd.Jg¯]Os.Y]:ZDVhs8H!V!F(H!]WtJDx.VK]:JDNnHKJ)slmZDf¥MCHKMIJDNF<xjNVH!WXF<MINYXZ)GfjVKY_sF<Y{ndG[8VKs.s.H!8]OVKHKH!dWXs]OY_]HKLIs.F<WKZD]s.ytHKJ)F<JDHKNGdJDFINjl xHKdMCWK]OY_F<noZDZDMCJDH!VKH!JDF<]WvNZ)d8]:VKMIV§Z)Fx]:MCV:WKB jnoMCH!H!]W: ytFIlOdHKJDY{d.dO]JDVZDsHKnod]°JDNiIF<WXsMwLVJDHK[8MCMCHKWKJ)HKF<VNMIFIZDlOZ)fPi<x.MIF<ZDM>n(k.JDJ)N]:VMItNH"Y_]:F<nn[8[^Z)F<F fN.]:V!NFCH£FIYl.MIZDHKZ)d.]:]x sV!N]:J)noLI]J)£W{MIV!]INBMIZ)rfF4HKJDV!Y¨HKs8nx.Ffx.HK]:d.ZDV¥]elmFIFIlPWXnoi<MIMCZDHKM>J)kF<Nf l]:FIN.WXWXn(JDY{MCdHKnJ)F<]:N\NB HNMCWKHK](d.]:H!V!WK]h]:MCnoH!]:Fx x.]:ytZgVJ)CHKdª[WKMFY_V!]:]VKHV!]:FIVzl,ZDJ)VKIJD]noi<[8MIZ)]IV Y_FfI]F<HZDJDN.[8i.dIfV!VKHKJgMCYWzMIZDlmZ)FIfWXnonoMCFIHKHKJDJ)F<L>N\MCH!<]:lmx]]:x.MI8VKVKMIs8YKn <[FIHKW J)F<nNV:]B(HKMI Z ]_VKs.k8H!]:V!NH!W{x+sY_[HKWXs.]WKL] J)F<JDs8NlV4FInWXn(FMCx.HK]:J)ZDF<V4NOFI]_lekV!H!]:WXn(MIY_J H!£]:MIxNMIlmWKZ)fF<HKn`JDYOHKi<d.MI]§ZgM>dkJ)i<fd.£¤lFIWK]:WXV!n(F<MCZDs.HKHKJ)F<JDF<N+NOH!VKFJDnMIsZDZDZDFwMCy HKJ)F<HKN8d.V] JDMINNYxZDsVXJ)VKF<d.NF y®FIleHKdHKdMC]H HKFIdl°JDYVOZDsJDnoVKH![]WPWKFwi<LIMI]:ZDVOM>kHKd.JD]:]oVWK ]:]:VKs8Y_F<Z)HKnoVP]:FIVPy°HKMI]:JDZgNZ]:8xHvY_F<fNVKMJgx..]YXWXd.MC]:8Y{Z)d$fIH!B ]W.FIlmWsN8]_Y_k.HKMIJ)F<nN\[8BZ)]I HPHKx.d.]](LI]:ZgsZ)FIno[8JDVPN.MjF<VXyJ)H]:fGZDZl sx.N]Y_8HKNJDF<]:xN VKnJDnN.s]Y{[8d ] ZD )]^WMI]noNH!H!x®F]WOx.M]:]:Zg[V!VHKWKJDFIn(Jg8VoMCZD]:M:H!n ]oLIF<FIJDFIxl§l]:HK]_x\d.k.B]oY_]:MIVKY_VKHKVKJDsdLIMI]:FwZ)yZef noHK]d8WXWKMCJ)iIi<H(]dWOHPHKd.WX]:MCWXV!H!VK]]oHPJDFIWXnl§MIN.[i<IWKMIF ]:ZDM>LIxk.]:nJ)Y]:ZgVPs]:NV!y4H!HK]VoJ)HKWOd[i<JDWXNMIJgnoZDM>xMCk.MCWXJ)WK]:JD+Z)VfnoHKWKd]:MCMCVKH!HsH!]Z)FHWYYlmd8WKs.MIF<WXZ)nFVO]:JgV:NM ytdJDY{N¨dHKJDV§d.]:[J)WKWvF YLs.JDxWKWK]:]:xjNHtflmFIdWXnJ)i<djHKWXd.]:]V!F<V!ZD]:s.n(HKJ)JF<£NMINVXMIJDnZ)fs8HKJDZDYOMCHKnJ)F<FNx.V]:B ZDVh[WKFwLJDx.]MoWK]:noMCWX>MC8ZDfjVXsYY_]:VKV!l sZ"x]_£ H!VK]Y_HWXWXB VJ)[<HKHKJDd.[F<],WKNF<ZDFIN.s8lF<noHKsd.JDN8N.]§Y_F<]:[ VKxJDFIH[fPnsl FIsZDWKMCN[HKY_J)d.F<HKF<J)NF<Z)FINFIiIlFIfYl^£ZDx.s8Y]:ZDV!sNH!]V!VKH!WzJ)]H&i<fPWMIi<WKZD]:M>MIZDk.ZDMCM>J)HKk.]:J)VJ)F<]:B NV JDMIVNJDlHKxF<ds8HKMNd.x\]hWX]:CYZDMIZgMCsNHKV!J)xH!LI]]:HKW d.Z)f]noVXMInoVK V!MI£¤ZDH!ZFCV!£]Y_ZDHJ)F<i<Z)FIdFIl8HzWzlmWXxWK]MCJD],V!HKH!J)[8FPWXJDMC8YWXMIs.MINHKnoJ)^F<]_N ] £ F<lVKFId.sWXFwVKn(y4Z)fIMCVh.HKHKM(J)d.F<NG]OxJgrYXdd.sJDVKFIZDH!ZDH!FIf$F<WK£ nf¥fjJDJDVKV,d Jg]]NjWH&y°WKWX]:]:]MIZD]:MCV!N+HKF<J)NF<V![8MCN8JDWXFIZDMI]l ZDV§MCiI]:MIZDWKNxj]xG]:i<n]:MIZg]:ZDZDM>J)N[k.HtHKJ)]:JDytYV4MIJDHKJDZgV§dVy°Yns.]:ZgsWKZ\WKY{]:d¨NHH,ZDJ)MIIFIN]P8xV!HK]d8HKWKMCdLCHtMC]OHKFI[J)8F<WKV!N]:]xMIWXZJgLIY_WK]:H!]:x\]:VKxjB§sZ)i<HKJgZ)V:nFIB 8sMIZDZHKMIV!N.HKMC]_W£ ¨ E 8 s X Y d I F l K H . d P ] y I F K W . x : ] K V _ Y X W ) J ^ : ] j x C M ^ w F I L ] 8 d I M , V ^ ] : ] j N 8 I M ! V : ] j x < F N K H . d ] _ ] k ! H : ] N X V ) J I L O ] s ! V P ] I F l _ Y < F n 8 [ . s ! H ] W HKHKVKJ)d.JDF<n]:NVKsVoJDZDVMCBdHKMwJ)rhF<LINd.]]V:^\Y_] F]:FIxN HK]dYY_MCy4F<WXnJ)WXHKJ)8d ]:xJDN.Y_F<]:F<VZDsZDJDHoM¥VXJ)F<ytiINWXJ)M:HKZ)]:dLVKJ)VH&Mf$x.£N.V!fF<]NZDypMILIno]VKWOJgJgnY8VPMIsV!MIZg]:MCNxHKx J)F<F<ytNNJ)HKY_Md Fd8xdJ)]¨]fWXx.HKMCdWKWXFMCY{x.H¥dfJDYN8MIMIdZnoMwH!LIWXJD]Y]V]_Byt£MIWXrhZ)iIJ)H!d.FIH!]:WX]:J)V!NHK]odlmnVXFIJDW(nyts8HKdJDZDHKM>Jgd V£ VKJDnn[FWKFIF HKLId.]:]:nx]:[NMCHKWKVtHKJDY_YF<Z)]nd$[8fMCx.WXWK]:FxGx.H!fF(NMI[8noWK]JDLYJDVF<B"s&VhH nJDn][8HKd.Z)]:FnoxV]:BN$HK.VFIM4WvN]_sknMIno ][8W Z)]IFI8lMIMIZDZ)ZiI[8FIMCWXJDWKHKHKdJDYnoZ)]:JDV4Y MIMCN8WK]xJDNNsH!]niI]WXWXMCJgH!Y]:MIx Z ytWXJ)F<J)HKNdªlJDFIN8WtxHKJ)d.L]PJDxH!sWKMI]Z]_ £MIl sZ)iIZDZ)FIf+WXJDHKMIdxn MC[HKJDV,J)LIJD]oNH!HKWKJgFnx]:sV!Y_H!]:]x\[8BV §MIdNM:xLI]OM¨MIN.ZDVK]FyO[8MCnWXMIFIZDWKZ)]o]:ZgJ)]¦(]:x(YJDHK]:dN$]OHY_Y_F]:x.ZgZ ]P£¤FIlm[^FI]:WtNnoJDN.MIiGVXVKY_J)WXLIJD]:H!Z)]_f £ [8[WKMCF<WXMIMIYXZDZ)d®]:Z y§VKs.MI[^V]MIWXxY_F<FIno[H![8]:s.x\H!]WKWX]:V¯ytsJ)J)WXHKJDdjNiGxJgV!VKH!s.WX8J)8V!HKsMIH!N]:HKx¥JDMInZ°]:MInoZ)iIFIFIWKWXfIJ)HKB dUtn(]JDWXYo]I8YXd8MIMINjN.]_iIk]:[VZDJDY_YF<J)nH§Y_[8F<MCnoWK]:nx®sH!NFJDYHKMCdHK]¥J)F<V!N]WXMCJg[MI£Z LI]fWXVKiIJ)]F<F<NnFI]l H!WKHKfd.]FIVXWPJDnfs8ZDHKMCd.HKJ)]oF<Nx.fY_NFMIx.no]IBeJDYWXs.MI]ON.iIH!F(]FIJDHKlV HK: d.MC]iI[WXMIWKFIN8i<ZDJD]:MInNGNs8MCNHKx.s.]WXWP]IV!HKHKd.s]Ox.fIY_BFx.&HO]d8JDVhMINVFIHKH,dsWK]:VPV!H!MWXJDytY_H!Jg]:x.x ]. 1$.

(72) "