Tải bản đầy đủ (.doc) (109 trang)

BÀI GIẢNG MÔN HỌC TƯ TƯỞNG HỒ CHÍ MINH

Bạn đang xem bản rút gọn của tài liệu. Xem và tải ngay bản đầy đủ của tài liệu tại đây (602.49 KB, 109 trang )


 !"#$%
&'(

)
*




+,
-$-

 !"#!"$!"%&'()
"*+",-!./0"1"2."3
4#50 6$78""8""("'(!"$794:
;+0"1"2."4:
<0"1"2."'='>=?@A<<
'($".BC!"?@A<<
0"1"2."'=";"*+DE"AF
'(G6$A%";"*+DE"A0'H+. F
30"1"2."3F
'=CA5C'H+.3F
I0"1"2."IF
'=BG(JK?@A'(G(JK6KL:
L0"1"2."'=?@";M<
'(D@N?O"(P;+?@ ?G?@ '8?@M<
M0"1"2."'='Q"G$ R


BG&'(D@N?OG.PR





 !" #$%%&'()*+,
/'0"'!1 23."45#6
7" $%%&'()*+,8
)5/%-!9:.;95<=3>
$%%&'()*+, ';(?$3%@ABC27
)*3D5.CE"FGGHIJK33%.
LM<=3>%%&'()*+,ABC27)*3N5.
'A;FGGOPFGQGRN!2.)%@3>" S?
)*33>;).L9K/5 
 +PS  % %& '(  )*  + /5  OFTFGGUTNP6=J$ 
QUTVTFGGUR) E/5UUVVT6=J$P=J'FWTVTFGGUR<%@


3>%%&'()*+,2.X) E 6;=9Y
Z/5OQFT6=J$P=J'FTFTFGGV8[2<=3>%
%&'()*+,I9K/.L5 
+PS%%&'()*+M6;=9YABC
27)*3N5.'A;FGQQFGQF8
+[9K\]54/5/^ 3_
`!8$73C"%/:]? 2(
7B.5/@8
)a7"@b
'!GWE"FGQH

./0123456789:;<;=;>?@
"A;*
)9:>?

).BC1CD3E/E/412FGE/E/412H.IC1.
 ! !"
c"%%&
S"TUVWXYZ[\V] VV^_`a[bcTdVaeVfXg
Vhe ^_iTUTdjZdekZeXlTmnTVoTnTpjZqV]
VllTVZerjZTdVV^_`sYXtegYu
SJcTTdv%%&wVfXv$%%&'()*+wx][bTyz
mnTYZVTVVV gVheVVekZ{Vec| {Ve{
} _mnTYZ";5`D."D.""
%Ba9:3";7!dD.%@I7
3!MCD2?* ";.C";
9a;%>3@/&:eC3&f
;:e7:8
SJcTTdvVVwVl^T~jZVfaeVTo[oxcTTdv_V
Vw
WXV•TUVTo'TdV v%%&, ^_€lTe•€V
VVfToV‚e`|`ƒe
~Ter„^gf….{VlTphc^__VVxT_X
iToVTbTjsoVVfnelTxceV†Veb€m†‡eˆVf‰`ce^Še ece
m†‡m‡V\ehe m‡€soV‹mŒVe†VekZ[XVf_Xx][bT{V
eceVa[cV
J

'nTZTxcTTdVf~e•VZe•VUxŽ‰"}ˆ.T^_{V
_VVVaeV•m_VVekZlTe•m‰Vfˆ mZTVf•m_VjZ
Vf‚VX^n‹TmnT`aTd[ece‘ekZy|V{e
# ! !"$%&'
0'TdVZ ^VT~xcTTdVV"}ˆ.TŠe‰
YZV‘T‘T{T'm_ŠeX_e’V~‘T{TD
sT~ VV"}ˆ.T„p†VTdVf~mr_TeˆVf‰Vo

TnTV•f†V`n0•e{^g^Œqe•Vce[“m_e•b‹TmnT{Vi{
[Œy|e†V‰ue•VUV†sVV"}ˆ.T„p†VTdm__s
e_X_VTdVWXece‹e`Z4F4FmnT”bvN~`ceekZ|y|+
Zw 4F<MmnTvlxcedw 4F:mnTv^YVT~ekZb
{`b'TdVZw 4F3ImnTvs~]ekZne'TdVZ?|ek
{•Zw 
4FF4^_VlTTUeˆ}Tm‡i‹Tebj‹eVom_VfXneeX`afZ
lTxcTTdVV"}ˆ.T
‰YZVV"}ˆ.TekZbVZe’f•
4”be†VekZVV"}ˆ.T^_dV‹^g^Œ[bc€
m†‡e•Vˆjs^ŒVekZece‘'TdVZ
<{TyVV"}ˆ.TiZX}€m†‡e•^T~jZo
jcVf–[cVVfTUV•ece‘y|V{ey|ek|y|VTo^~ece‘p„
{TekYZ
’fZ}‹e–V_VV"}ˆ.T•^_ekYZ
.ce~T Vfs‡V‹y|V{e VfˆVdVlT‘T
3.•eVT~ekZVV"}ˆ.T^_TbT[•TZTe†[ TbT[•
y|V{e TbT[•eXlT
••q4FF4ueXoZs ece_T~eh„ZfZT‡‰
YZxceZm‡VV"}ˆ.Tece•e{ekZ—TxXZ‚ee•
VUsT~ V•‰nekZ‘T{TD •e{xXZ‚e^g^ŒV–
‰YZ`Z|sekZ"{T}fe’‘XiT~`X‘TcXVf–
6‹eTZecei{]xXZ‚e.ce~T V"}ˆ.TŠeT
VfXTcXVf–vV"}ˆ.Tw yzVfXeceVflZXŽm_
‘T‚e ˜<::qyzZmŒ{u ˜<::FŠeeXT^_xcX_VTd
†VeXo_sZs
<$%%&'()*+";5D."9/a/4
`C@27 "gA."h"9a;9a-
a9a!"i')AR!D7/:9Y/3
)A+SAY %d.R(/:!.9a

K

;3*j"7]9a;7].C7]
%,
Q
8
?z‰YZVWXece_X V–VV"}ˆ.T‡Še–
ŒmnTVece^_{VdV‹^g^Œ"TdZV}V‘TZT[Vhe
VTo[eŒdV‹VV"}ˆ.T
4V"}ˆ.T^_dV‹VfTVheV\Š[}VVVfToV
‚e VVxTVo VVeˆVf‰ VVj|`a VV‘Xhe
m˜•Z|m˜
<V"}ˆ.T^_dV‹ecejZTUm‡ece‘'TdV
ZVVm‡m†‡y|V{em_ece‘TbT[•y|V{e™m‡D"
m_eXljc{^~D"'TdVZ™m‡b{`b'TdVZ™m‡
‘TX_xoVy|V{em_X_xoVj‹eVo™m‡y|ekm__neekZy| yX
y| m–y|™m‡m˜•Zm_‘Xhe
TcXVf–_sVTo[eŒVV"}ˆ.TVWX[VheVh<
…TnTVTdmnTlT‚e€{Ty`Z
4V"}ˆ.Tm‡m†‡y|V{em_ece‘TbT[•y|
V{e
<V"}ˆ.Tm‡D"m_eXljc{^~D"
'TdVZ
V"}ˆ.Tm‡be{`b'TdVZ
3V"}ˆ.Tm‡‘TX_xoVy|V{em_X_xoVj‹eVo
IV"}ˆ.Tm‡y|ekm_p|sya_neekZy| yX
y| m–y|
LV"}ˆ.Tm‡m˜Xc ‘Xhem_p|syaeXlT
nT
V"}ˆ.T^_{Vi{[Œe†V_‡VbVVm_

xTe’ZeX‚T_{ekZbm_ekZ|y|VZV"}
ˆ.T„Z`aTd[ece‘ekZy|V{eVZmŠVjZ]Vfzx•
x˜UTo€Vƒ^ŠTe•gYZ^‰e`šmY‘Tm_e•VˆVlT‘T`|
`ƒe
V"}ˆ.T^_{VdV‹^g^Œ e•e†Vf•e^]TeetV
e›m_e•‘V|e‹V^•T •^_VVm‡{e^Œ[y|V{e y|ekm_ek
YZp„{T™;9a;4d-k.B\;…TbT[•
y|V{e TbT[•TZTe†[m_TbT[•eXlT
J]e’'TdVZ_ebT‡neVf~VoTnT T‡eˆ
xce T‡_T~eh„–Œm_xŽ‰"}ˆ.T^_{V
_VV {V_^g^Œece‘{ecX
)LCE/M12FG1.CD3FNOPQ3R1.SOE/E/412H.IC1.
4
"{T}fe’‘XiT~`X‘TcXVf–6‹eTZecei{]xXZ‚e.ce~T V"}
ˆ.TTcXVf–V"}ˆ.T pi6 "_{T <:: VfZ4F
+

( !)*+,
•xcTTdVV"}ˆ.T„~Vf~ ‹TVŠT~eh
ekZ]‚e^_
{elTm_`aTd[ece‘ekZ"}ˆ.Tƒ^T‡mnTZT
e{eece‘'TdVZ
5amŒy•`cV‘Xm_[cVVfTUekYZ.ce~TekZ"}ˆ
.Tm_X'TdVZ
5axoVVTVTXZm˜Xcy|V{em_VfˆVdVlT‘TekZ"}ˆ.T
biZ•‹TVŠ•‡…•eˆeTbT[•y|V{e TbT
[•TZTe†[m_TbT[•eXlT
q•VUVTo[eŒ‹TVŠekZ]‚eTcXVf–‹TVŠekZ
]‚eiZX}dV‹jZTU jZTd ^g^Œm‡ece‘'TdV
ZVfXy•ebsekZVlT‘TnT _e‹V^•T^_VVm‡{e^Œ[y|

V{eƒ^T‡mnTD"
"dV‹†s x]e’Še[bcVfXecei_T•T i_TmToV_e•
ŠeVUTdjZjcVf–e’‘XVaeVTœ[X[•ekZlT Šeb
{`b'TdVZmŒy• [cVVfTU`cV‘XjZeceVlTx•ece‘u
# *+,
f~e`‹TVŠ ]VV"}ˆ.Te•Tdm•T`|
T~eh^_f•
`qxcejZm_ekjZu–V_VV"}ˆ.T
…xŽ‰`afZlTekZVV"}ˆ.T^_{VV†VsoUTbT
c[ecem†‡^‰e`šy|V{etVfZ™
ceTZTX‘–V_ [cVVfTUekZVV"}ˆ.T
{Ty ibe†Vece‘ xXZ‚e teTUekZecejZTU
VfXVX_i{dV‹VV"}ˆ.T™
'ZTVf•‡VbVV xTe’Z_{ekZVV"}ˆ
.T‹TmnTece‘'TdVZ™
6cVf–jcVfTdV mŒy• [cVVfTUVV"}ˆ.TjZece
TZTX‘ece‘ekZbm__neVZ™
ceTcVf‰VV^g^ŒekZ"}ˆ.T‹TmnTxXV_VV
^g^Œece‘VoTnTekZVlT‘T
)LCT7Q1.D3R1.SO1GUFVC3R1.SO.W12127UX1YZO0[\1
OPQO.P12.]QBO,$X1C1FG3R1/^12YLCOBO.3_12OPQ\12`12
a\1CDEQ3)
6ZdmnT]‚e A`?@27 -k.+P
S
V"}ˆ.TV{edVV.ce~T ^_`amŒy•`c
V‘Xm_[cVVfTUekYZ.ce~Tm_XT‡xTdVaeVo'TdVZekZ"}
ˆ.T'–mŒs T€Z]V"}ˆ.TmnT]€s~^g
b

eibekZekYZ.ce~Te•‹TjZdiTdehetVe› V‹

†V
+55795$%%&'()*+
74"`!A`?@27 -k.+P
S8
6ZdmnT]‚e%5" 7);/7g
A."
V"}ˆ.T^_{Vi{[ŒVVekZb mnTV
ece^_i{[Œ‡Vb xTe’Z_{ekZb ^_e`xXZ‚e
ezmnTekYZ.ce~TUp|syal^‹T eTo^Še `ce^Še
ece‘•ƒ.]‚eV"}ˆ.Tƒi•etVe›mnT]
l^‹Tece‘ekZb{`b'TdVZ
A79%%&'()*+/l3.2@/&!
dD.%@.4"`!%5
" 7);/7gA."8
);<;=;>?
)0a4c./012c.BcY7d1ec./012c.BcO.712f
?'”m_ecejZTUe•TcVf‰[[c[^ŒekZ"}ˆ
.T^_VoTnTjZm_[[c[^ŒekZ]‚e V"}ˆ
.T
/#/0 (1 ,2* 3 &/- &4
Shm€Vf~^Œ[VflekZ.m_jZTU l^‹TekZ
b5'UT~ehVV"}ˆ.T
S!bTbibXVˆxcejZeƒm€ ecejZTUe•TcVf‰
[[c[^ŒekZ"}ˆ.TxTT~ehVV"}ˆ.T
Sˆbm_VˆxXZ‚eV‹†VmnTZVfX`a[bcVf
Vae xcejZVV"}ˆ.TVf~e`^Œ[Vfl [[c[^Œm_
‰neˆVf‰
#5,67 0 8-,2* 39:9,;39<-= 0 8
S6ZTdekZ.VaeVTœ^_VT~e“ VneXxTUVfZe|
^gT€ZVaeVTœm_^g^Œ^_‹TjZdiTdeh

S"}ˆ.T^]ic`cVVaeVTœece‘VoTnTm_VfXne
eXTVf‚V\xoVVaeVTœ eXT•^_iTd[c[|eZX˜^aeX‘V{
VaeVTœm_…|eZXVf–{^g^Œ
ST~eh ‚eVŒ[VV"}ˆ.TejcVfTdVjZTU^g
^Œƒ^T‡mnTVaeVTœ ‚eT]TmnT_ [bTiToVmŒy•xToVhe„
‚em_Xe{e`‹ [•em•eX`aTd[ece‘ekZ†Vne
5,679>?. 7
SJTTbTjsoVi†Veh{Vm†‡_Xer[bTtV•VfXi‹Teb`a
–V_ V}V‘Tm_[cVVfTUekZ•
g

SJTmŒy•€s~^gem_XX_ebe•VUe[bT
iToVebiTdVXc•eX[zŠ[mnTX_ebe•VU†s
@5,67 @- (
S!bTbibX‹TjZdT€ZxTVoeˆVf‰m˜•ZVVmnT
y|V{eTZTe†[j‹eVoVlT‘T er[bTbibX`aV‹†VT€Z
Vˆb VˆxXZ‚e™^g^Œƒ^T‡mnTVaeVTœ™^‰e`še•VUxT
T~ehVV"}ˆ.T _‘V|e‹V^•T^_{e^Œ[y|V{eƒ
^T‡mnTD"
SoVceflT{VsoV‹_X•xžTdV‹`›TU`ZTVV"}
ˆ.T
A5,674B CDE  F7
S"}ˆ.T^_ Ÿaem‡`amŒy•m_ [cVVfTU`c V‘X
.m_X'TdVZ™^_VT~V_TekZ`axoVVTVTXZm˜•Zy|V{em_
VfˆVdVlT‘T…TbT[•y|V{e TbT[•TZTe†[m_TbT[•eX
lT
S"‚eVŒ[ T~ehVV"}ˆ.Tx]e’iToVxoV•Z mŒ
y•_e•[bTiToV[cVVfTU`cV‘XVVekZlTm_XT‡xTd
nTekZ†Vnem_j‹eVo
B )E*+, EG-= 0 8H6II

J$%&'
ST~ehm_‚eVŒ[VV"}ˆ.Te’y•ecei_T•T i_T
mToV Vce[“ekZlT^_eZsk T‡^ƒ^_nT^Y{T{V[
{TyVVekZlT_V]T
SJoVjb_{VaeVTœekZ"}ˆ.Tm_ekYZZz
ece‘'TdVZVWXVV"}ˆ.TnT^_^lTTbTVˆef•f_
TcVf‰xXZ‚eekZVV"}ˆ.T
)BOc./012c.BcONE.h
![c[^_eceVhe‡eŒ[oTdVae eceVheT~eh
eceTdVŠekZVaT~m_p„{T™^_dV‹eces~VƒeT‡e’
ŒVhem_X‘V{ebTV‘XVaeVTœp†V[cVV•ecejs^ŒVmŒ{ekZ
xceVUŠeŒVhe
![c[^‰e`šqT~eh`amŒVm_TdVŠVWXjcVf–
[cV`T V}V‘Tm_[cVVfTUum_[[c[^XXTeqT~eh{Vece
V\jcV…V–fZŠeecTibe†VekZ`amŒVTdVŠm_xcTjcV
V_^g^Œu^_f†VeVToVVfXT~eh Tby‘sm_‚eVŒ[VV
"}ˆ.T
mŒy•[[c[^T~_VfXT~ehVV"}
ˆ.Tqm–"}ˆ.T^_{V_xXZ‚e {V_VV VV
"}ˆ.T^_{VdV‹iZXjcVT‡^YmaexXZ‚exTVo eˆ
Vf‰ ‘Xhe VfToV‚e m˜‚e `š‚e
i

X_TfZ €[[c[xce V\Š[ [|Vˆe `X`c
VTo[p•e|eh^‰e`š `›^_V˜V~VˆTdjbekZmTdeT~
ehVV"}ˆ.T
)@"j"&A;*9k
>
)l12OQm1n12YoOE/p7UYZY7d1FGc./012c.Bc.SOEdcOR12EBO
O.maC1.FCX1)

]jZVV"}ˆ.T ^_eX`TmT~|eZXŒVhe
m‡mZTVf• m‰VfˆekZVV"}ˆ.T‹TmnTlT`‹ece‘'TdV
Z™^_eXVVekZlT_se_T€mZTVf•ek‘XVfXlT
`‹VTVekZVodVf 'TdVZ
]jZ‚eVŒ[ T~ehVV"}ˆ.TUi}Ty¡
eke‹eX`TmT~ VZT~^Œ[VflVoTnTjZece‘Vf~‡
Vb.m_".™xT~‰•eVT~{e^Œ[y|V{eƒ^T‡mnT
D"'TdVZ
"‚eVŒ[ T~ehVV"}ˆ.T•[[|eZXVTV
s~ne gVhey|V{e l•`TmT~pce‰•VfceTdm_YZ
m•ekZ–‹TmnTj~ †Vne |y|
)HCp/q12c.r3O.sE5_m5tOOBO.3_12FGuv1Y7UD1[\1Y]1.
O.I1.Euw
"}ˆ.T^__‘Xhe‚e ibV|lT^_{VV†‘X
heece‘"‚eVŒ[".T•[|eZX^•Va_Xm‡lT m‡
b5' m‡\6‹e sdv5‹eTo† ^ZX{ f¢^sdm_‚e
VŒ[VWX”ce"}mY‘Tw
'Œy•".m_Xe{e`‹ e•••[VToVVaem_Tdjb
eX`aTd[ece‘VWXeXl"}ˆ.Tm_bVZ„^aZ
e‚
x$A
”‘TUVo_Xm‡^lTytekZkV‰e"}ˆ.T')-
k.+PS".
27D!5`C.[3.3:e
"8m7 4?d:ehn!:e"2n/
"1"?o••^T~dmnTmTde‚eVŒ[m_T~ehV
V"}ˆ.T£
./0128<y=z{{;=z|
j"
)<{j"

)0a4}.BO.T7Q1)
K(/9>?L  ! !"$%&'


i\;gA."5!piqi!pii
rlT`TfZm_VfV_VfX{VTZ–_Xe•Vfs‡
V‹s~ne”‹^__Xe†[VToe•VV^†sy|^_‹e†
To‚e mŠVx• o[`‹Tby‰VZi‘e s~neVy|
ekZ/^_€|V‹Vce{‘omTde–V_|ece"}
ˆ.T™.¤ekZlT^_lT[•€'TdVZVT~iTU†e‰
V e‰x• VVbX Vkse s`Tebe{elTeXe} eXekZ
”_^_{VVfX€e{T}VVTbT[•[•€ekZ"}ˆ
.T™+VfZTm_e‰cTekZlTx]e’^_€_X_e•^_
€lTX‘V{ece‘`]T\T„V•i‰Vz_s^]T€
VTVxT~Vf"‚^_€V†s~ne Vy|VfX_
Vf–ece‘ekZ"}ˆ.T
SZ_m_"o^_ZTeToe]Tece‘ekZ'TdVZe‹TVox¥
DDVox¥DD
Sˆjs‡_sœ„VT_eˆ`ce‹T{T ‹TX‘TibX
Vk [b{ x]fZxb˜eX'TdVZe{TVTo[p•em_iƒV
‰[mnT`a[cVVfTUekZVoTnTc %`!"
9a;C%d5a""%Ba"% -k.:9a
%@$a8
SJTVaey|!c[p|^Še'TdVZq4RIRum_"Td[‰!ZV‹V
q4RR3uŠexgxoV p„{T'TdVZVfV_p„{TV{e‰ZšZ[X
xTo V•ZŒ‡ibX{ekZVaey|!c[Vf~VX_e•T'TdVZ
S‹TVox¥DD ecee{exTYZmrVfZynTx“Tdv
mwyXecem˜V| `¦[^„‘Xe‹TezerV†Vi‘T'%%&
!\s3%d"Y/t8
Scee{exZTVceV{e‰ZekZVaey|!c['TdVZ„^_eX

p„{T'TdVZe•`a[|•ZTZTe†[p„{T`|`ƒe$23
3C3.7]a;!pii
SVox¥DD ece[XVf_XmrVfZxceToe‹!c[f
f{ ^Zf{fZebne‡V†Vi‘TqkVfemTd yzmr
VfZx]T[•e{e^Œ[ekZ!Z”{T|™kVfv¥!c[eVTo
i{wxZTV]y|Vfˆ |eZXy|Vfˆ Vf~e`•_yyVˆ
esdTbT[•ekZ!|fT™JTYZte‹Vece[X
xTo ekZ "X_ "XZc™ JT YZ VWX xsn V`bekZ
sœcT"‚eu m3%d a9a."5!
47X%"d
u:BC%%&'()*+";C!
/t "gA."8
P657ID5!M
S”V•e‘VfZ„esU`Z{ejs‡ pce^Œ[`aV‹Vf‰Vf~


[‘mTVoTnT)ANvK C79a;;.8
Sce‘c.lTZVƒ^ŠTq4F4Mu<$f 9a
;aw,"&3.x"d3/ta8
S6‹eVoŠeV_^Œ[q4F4Fu m3 a3
%d$6)A37] %d;.]D.
"!d.3;C3.5vK)AN
$C7;93CBC%%&'()*+
 fC!D. "gA.""y
C! "!d8
#M <6< ! !"D9:9,;
28Q8=335 9a;
V"}ˆ.T VfneoViƒV}V•eceTcVf‰Vfs‡V‹ekZ
y|V{e ^_`axoV•Zm_[cVVfTUeceTcVf‰m˜XcVfs‡V‹y|V{e
teiTdV^_ekYZs~neVfs‡V‹_”ce„•exoVv?|VZe•

{V^•}_s~ne•^_{VVfs‡V‹jgicekZVZ•pZ
oZs —TxT\6‹ei‰p|^˜ V–VTV†s^‘T`]T\T •xoVV_
{V^_`•m]ez‘› VX^n •^nVjZ‚TsTU x•x˜
•†e–V†Veb^ricnem_en[new
4
kYZs~neVfs‡
V‹†se•eceTcVf‰VT~iTU
Sz%d^_y•ek^ebs`‹VVflx•^‰e`š'TdVZ.‚T
‚eVsoV‘Xhe V]TcXV•neX_TyŒ[m_X'TdVZ‡Še
VTo[Œx•ep‘jZ^˜xˆekZekYZs~ne•
•s~ne^_TUV}^n†VekZ‚TlT'TdVZ
kYZs~ne^_e“aeeZX†V hibTcVf‰m˜Xc VT
V'TdVZJoV•Zm_[cVsekYZs~ne'TdVZ "}ˆ
.TVfV__cTj‹emY‘TlT^]xŽ‰Vfs‡V‹s~
ne^_{VVhm‹jgTc
S$ak.35! VV| VcT
VfXx•x˜ X‘‘
S$35D."*">/:C
4 a?*k.yz[bTmŠVjZ]_x•x˜ TZ
x\
S$35K9^7" "/."_ 
f{ešZ•ŒVTXZm˜Xci~X_T^_T_eXm˜Xc'TdV
Z
$3%dQVQQ.>D%@C%d\{2-
3.%dA%3.>"%%d
28F8$.Ea
JoVŠ[eceTcVf‰Vfs‡V‹ekZm˜Xc[]mnTece
4
"}ˆ.TVX_VŒ[ pi6 "_{T <::< VŒ[L Vfc4M4



V_VaekZm˜T[|s•eˆ^_§Vte`ƒeVfXjcVf–
–V_|ecem_m˜Xc"}ˆ.T
fnexTfZTV–lehne "}ˆ.T„ŠeVfZi‰m_†[V•
‡6‹e‚em_"c‚excm€m_ eƒeeƒf~_Vf–ehne
lT„VTo[VVTXZm˜Xc|^X‘T m‹`‹ m‹xTTdU^_T_
VfTVheekZ–m_[•em•eXece‘'TdVZ
gE%@ lT„VTo[VVVekZXTcX !ŒV
TcX m_VVVToi{xceekZm˜Xc[]
.m2CBm^_‚eVsoVm‡‘Xhem_[§[hpš VfToV^g_{ ^g
Vm‡{Vp„{Ti–Vf‰teiTdVXTcX‡eZXm˜Xc ^œTcXm_V‘X
fZVfs‡V‹To‚eVfXy||s^_VVVToi{Ž`XmnTece
‚eVsoVe\‘TsT~ "}ˆ.Ter[~[cXTcXe•€
VVVT~eaeibXmdeo{[XxTo [|eTZŽe†[qj|Vš
m_VTU|u Vf‚ZxT€
"}ˆ.T^_{VTdV|ekZiŒej|Vš †VfŠ[Vf~‡
VbekYZs~ne'TdVZ
;.dE2CBm e•‘eom‡VoTnTjZysV|ekjZ neX
lTVnTp†VTZV_^_‘eoVˆVˆeeaep„{TekZeXlT
TUekZ!ŒVTcX^_VV.2>Lh22!ŒV
TcXer.!/53/E""3
.;!ŒVTcXm_X'TdVZxoVŠ[mnTekYZs~ne`‹ƒi•
mnTy| X_m_Xe{}e‹x VzeekZy|V{e^_ekYZVae
y|
•T!ŒVTcX>{V–"}ˆ.T^_TdV|ekZm‰v!ŒV
`‹w
lTer„V–V†svekYZVZy|wekZ]f5€
T‡[zŠ[mnTT‡xTdekZece‘neVZ^_Vy|ekVToi{
lTer„eƒV^‚e€VTV•sekZeceVfToVVsoV„Xš .teš
6bš

"}ˆ.T^__cepˆVV’VcXm_`c`‹V iToVxZTVce€so
V‹VˆeeaeekZVVm˜Xc[]U[•em•eX`aTd[ekZ
ece‘'TdVZ
gE%@$a
"}ˆ.Te‰b`|f{ekZ‡m˜Xcy|ekm_ece
‘[|s%%&:92>L VfXvs~]|
js‡m_y|js‡wekZ‘Tece‘!c[4MF4™VVy|ek m‡
js‡`‹ js‡VayX js‡e‘[•eVfXvs~]{e
^Œ[wekZ.¦4MMLfnexTfZneX_T ”ce„WV†siZV•!c[Va
yX i–Ž icecT5Z_slTn^‘Tvg3nQH 
%XH`m|$:96>L6}h&C 3C"5


"DXdE"m"5>"BX"`>{j/.`
`Cw`Z !c["}ˆ.T„VUTdib^Y |ece
[“e†VeZXVŠ Vys{e^Œ[VaeklT„–V†stVVfcTekZ
v^gVwVayX i–Ž icecTlTerVTo[VVVVToi{ekZ
€_JZT`c!c['X^VZTfW 7X``X .XVW`jTW
_mR122CBm^_V]TcX^nekZ[|s "}ˆ.TjZ
Td]TcX^_m˜XcTUVˆeeae†VekZ]TcX^_ya
^_V†|V•ekZ•ZT`Tm–`aTd[ehf—TeXlT
"}ˆ.TVTo[Ve•e‚^‚eVVm˜Xc]|sU[•e
m•eXece‘'TdVZlTyŸ^lTekZ~Tv)f]`%
"a*"d%`2!D?2 
3%dw
4

28H8)-k.+PS
kYZ.ce~T^_}‹e^g^ŒVfaeVTo[ jsoV‰ibe†V
ekZVV"}ˆ.T ^_e`VoTnTjZm_[[c[^ŒekZV

V"}ˆ.T }VlTVVekZlT•[[^_[X[•
V~ekYZ.ce~TVlT‘Tecey|V{ei‰c[ihemz^~T_{e
^Œ[ VayXlTxŽ‰v)-k.+PS5d1.}
"[3//%1.d45Kd-
k.B\;}w
5amŒy•m_[cVVfTUekYZ.ce~T"}ˆ.T\T^~
{V`‹TUce•g
+; xTfZTV–lehnesœ$T6‹e„e•{Vm‹‚e
m†eƒeeƒ {V˜^aeVfˆVd`ƒe`bX lT„[|Vˆe V\xoVece
[XVf_Xs~ne'TdVZe‹!c[e‹TVox¥DD Vox¥DD™
lTVaX_VTdm‹m˜Xc m‹eˆVf‰ m‹`‹VaeVTœ[X[•
l•”ce„VTo[VekYZ.ce~T{V^›VaT~vV†Vso
xcejZm_Š[mnTjs^ŒVwkYZ.ce~T^_i{[Œm˜Xcte
`ƒe†VekZ|^X‘TVTVg†V ece‘†V VfTdVU†Vm_xXZ‚e
†V
'. sœ$T6‹eomnTekYZ.ce~T^_V–eXl
TbT[•eXy|V{e Vhe^_p†V[cVV•eVaeVTœ'TdVZeh
x][bTV•eVyslT}TV^VTo[p•emnTekYZ
~T vC(";">3y" ]%.
3%d 7D1|~(22..na
!1.a%7]1.w
6. lTmŒy•ekYZ.ce~TVWX[[c[cepˆV
m_VWXVTV[] x]`cem x]xTmTd x]
V–xoV^Œe•`¨_VaV–fZTbT[c[fT~ e•VUeXece‘'TdV
4
4"}ˆ.TVX_VŒ[ piˆVf‰6‹eTZ "_{T <::< VŒ[L Vf3L
J

Z
kYZ.ce~T^_e`ekso†V–V_VV"}

ˆ.T'ZTVf•ekZekYZ.ce~T‹TmnTVV"}ˆ.TVU
Tde—
6soV‰ibe†VVoTnTjZxXZ‚eekZVV"}ˆ.T
6soV‰[[c[_{iTdehekZ"}ˆ.T
V"}ˆ.T^_ekYZ.ce~T'TdVZ ^_VV
'TdVZVlTTd‘T
).l1ELO.PT7Q1
zVlTe•iToViZXbmT~bD„{T!c[lT'TdVer
‚eŒeekZ~T e’e•sœ$T6‹e`n–fZeX
le|eˆeX`aTd[ehnem_TbT[•ecey|V{eV{e
‰Z
|V‹ekjZ^_{V|V‹jZVf‚VfXmTde–V_V
V"}ˆ.T |ece [“e†V V_T˜m_VfˆVdekZ"}ˆ
.T„Vce{f†V^nomTde–V_m_[cVVfTUVVekZlT
€|V‹ekjZV{em‡[“e†Vec|ekZ"}ˆ.T^_
S"}ˆ.Te•Vys{e^Œ[ Vaekm_`cV‘X e••e[~[cVT
Vlm_`c`‹VVfXmTdeT~eh V–TUecee{eece‘^VfX
nem_Vf~VoTnT
S"}ˆ.Te•`ax\e]‚eVŒ[ f¢^sdeTo^Ym‹VfTVhe
[X[•ekZ|^X‘T m‹xTTd†VfZekZ[XVf_XTbT[•
y|V{e [XVf_Xe]|j‹eVoUVTo[eŒmnTekYZ.ce~TmnT
Vece^_‚eVsoVm‡ece‘ekZTZTe†[m]`b
S"}ˆ.Te•V|}ekZ{VlTs~nemY‘T {VeTo`Y
e{`bTdVV_ece‘™{VVfcTVTs~V|y| V
lTezx\ `¨`_e‰as`Tm–{e^Œ[ekZ\6‹e m–‘
[•eekZ|y|”ce"}V•{VlTV–lehne„VfV_
lTyŸleXeby|V{eTVWX
)  y=  z{  {      ;=  z|  j"  
)
).^C}~.•1.E.G1.E/E/412UX71/VOFGO.I./V12Ot71/VO

eEu/VOiu
sœ5T`TfZV‘Tj~JTT~ Z_ VfX{V
TZ–_Xs~ne+ere•jbVlTTZ4:˜`‹"o
+ŠexZTV|i…e€"c Še†[V•VTVi†Vx†VekZece
[XVf_X†VfZe‹!c[ ece‹T|pšVo|YZ xˆxcT
V¥eekZ€lTV|m_ekZT‡_Xs~ne Še‚e
K

{V`‹xToVhem‡VaT~m_p„{T™VŒƒVehxTo`aV‹x\ekZ
|y|
X_Tm‹X‚em_6‹e‚e VfX_VfZ‚em†ekZZ
sœ}T•e•e•€TUiToV†V‰m‡‡m˜Xc[|s
teiTdV^_‡m˜Xc m˜T!c["†[yŸ†V‹TmnTsœ†V
_^_e|e|]m‡^gVvayX ”–Ž ”cecTw_ece‘
!c[„xZT`T
T‡teiTdVsœ†V_^_Ze•`a`X`c Œp§Vm‡ece
[XVf_Xs~ne^•ei†sTlekZeceiŒeVT‡i‹T!Z”{T| !Z
fT "X_"XZcm_TojsoV‰v‹TfZneX_T pW
ne!c[m_ecenexce^_Vo_X V]T`›Vfm‡T•[}i_X
e•VZwqf?|T~ €“esdm‡e{elTX‘V{ece
‘ekZ"}ˆ.Tu
ˆVfs‡V‹j~m_TZ–„–V_lTVZ
T~sœ†V_ y%d2\%dya
%@%C%•n.!27`35
 9a;."_`%%&!2; a
).^C}~E€i,i8•3E.sUOm15/^12Ot71/VO2C\Cc.•12
pl1E`O
UVaeTdX_Ti„XekZ– Zsœ„Tm_`‹T‡ne
V{ee|@ e|$ e|!T |.¦ VŒƒVehxToe{e`‹i‰i•e
^{V i‰_c[ekZ|y|eceneV{e‰Zm_er„VfaeVTo[V–TUlT

`‹ekZ|y|^ZX{eceneVib+f•VfZxoV^ŒVf~lT_se’
e•ZTT‹lTT‹lTi•e^{Vm_T‹lTi‰i•e^{Vm_e’e•{V
‹TV–€cTV–€cTm]`b^_VŒV_V]T
˜4F4F +ezmnT{V`‹_s~ne'TdVZVbXz/
U"šT"{T‰'§ep|s•Tjs‡VayXy|ekeXlT'TdVZ”b
s~`cex]Še"{T‰pWp§V V~‚Tsœ$T6‹em_{T
yz/„|s{VVTomZ^n
lTer„xbX`cV m_V–TUe{eece‘!c[ ece‘
.¦ VZTZbD„{T!c[q4F4Fu V–TUce‘c.lT
Z
˜4F<: xT‚eS%@ SC9a;
C;.sœ$T6‹eV–V†sŒe€^lTTbTc[
VsoV[•e€e|žT–Z† V–V•T5Z_sn^‘Teb
VxT‚eŒe lTmToVvŒeekZ~T^_eXV]Tf†V
eb{ [†xT `cVž VTViToViZX©]TmT•o[cVx•e
^~}T{V–VfXi}_V]T•TVX^~Z•TVfnej
e•]bXv"¡T}i_Xi‰‚Z_sZx\©|s^_ecTeVToVeX
+

e•VZ |s^_eXlTbT[•e•VZww
4
'nT`axTd_s sœ
$T6‹e„V–V†seXlehne TbT[•y|V{eeXylece
‘m]`b eXlekZ~T
4<ª4F<: V‘T‘T{TZekZbD„{T!c[ lT„iTUjsoV
mTdebD„{TTZŒ[6‹eVo VZTZ`c^Œ[b{`b!c[
|s^_VlTx• h";.gA."%dA%3&
%;/7gA."8a2%d7d3
 A%";/:2!C![l`.-k.
%dd-k.D5!;9a;d-k.B\;

).^C}~ii8.•1.E.G1.E/E/412O0[\1F‚OBO.3_12
CDEQ3
lTx•_s"}ˆ.Te•€X‘V{f†VVˆeeaem_sTdjb
ebVf~i–yTdVaeVTœm_^g^Œ
4F<44F<sœ$T6‹eX‘V{mnTem‰fVTUiZ
]?VfX”ZT~ehV{e‰ZekZb{`b!c[™VZ
ya‘T{T ekZb_s [~i–beZjZV|•heom†
‡V{e‰Z™_^Œ["{T^T~Td[V{e‰Zm_p†VibicXW!ZfTZ…
Vfs‡icekYZ.ce~Tm_X'TdVZ •eˆeekZicX^_†VfZ
vTbT[•eXlTwVm‡TbT[•eXlTp†VTdV•f†V
`nm_`|`ƒesœ$T6‹e
4F<4F<3lT`ZT~D]VZya"{T‰6‹eVo]y|
VŒƒVehxTo€V_Vam‡‚TtVekZ|y|T~D]˜
4F<3 lTVZya‘T{T'6‹eVo{`bm_ece‘T{T6‹eVo
VZT~ 6‹eVohVož 6‹eVo]{TžlTTZT~D]Vs
ƒ€V_Vam‡xTVop„{TVf~†Vne_s„U^‘T
VfXlT€†VŠ`|`ƒe
‹T˜4F<3 sœ$T6‹eVnT6b|VaeTd{V`‹
Tdm•yXX_ekV‰e6‹eVo]y|TZX[•
JXbT€Z4F<I lT`c^Œ[v"{T'TdVZece‘VZ
T~w fZicXZT~ ^n[†^sd_XV‘Xeci{eXece‘
'TdVZ˜4F<I Vce[“v”bceo{Vaey|!c[wŠep†Vib
V‘T!ZfT˜4F<M ”cep†VibVce[“vlJce.dwc
<ª4F: sœ$T6‹eekVf–{T‰Š[†Vm_V_^Œ[b{`b
'TdVZlTVfaeVTo[VbXm˜xTdvcemƒVƒVw v5ce^Še
mƒVƒVw vT‡^dmƒVƒVwm_vVf–mƒVƒVwekZb
€Vce[“^g^ŒeksoekZlTVlTx•_s6
$3xA."x64xR67!;:9amR%c
"™ )%@k VT~ekZbR«eXV†s€^ŒTUm‡ece
‘'TdVZŠe–V_eib•VUV•VƒV{TyeˆekZ

4
"}ˆ.TVX_VŒ[ pi6 "_{T <::< VŒ[4: VfZ4<M
b

€jZTU^n {ecX `cV‘XekZ"}ˆ.Tm‡eXlece
‘'TdVZ`Z
ce‘TbT[•y|V{eVfXVlT‘TnT[bTTVWXeXl
ece‘m]`b
ce‘V{e‰Zm_ece‘m]`beˆj‹ee•jZdŒV
VToVmnTZ!bTX_xoVm_^T~TmnTece^ae^Šece‘j‹e
Vo
ce‘V{e‰ZVfneoV^_{Ve{evy|V{eece‘w c
\Toj‹ep|^Še T_^‘T{e^Œ[ VayX
TbT[•y|V{e^_mTdeeekZeby|e•™[bTVŒ[Š[^ae
^Šy|V{eV_{V`he‘VX^ne‹oj‹em_VZs`ZTce‘
^_`aTd[ekZje• [bTX_xoVy|V{e [bTVŒ[Š[ Tce{m_
V•ineV\eheje•†VfZV•V†[oeZX i…–Vhem_
x“TdVˆeŠ[
ce‘VfneoV[bTe•b^„‘X mŒ{m_V\ehej
e•†VfZbe•m€ece‘nTV_e]«
A`D."%%&"3a '()*+3
`E"FG !pii%d3{" A%
K"PB*X`%9a2*"%3
3%d!dda9agA."";B:"d
";C"X**1{39a;3XB%d
"d 8
J).^C}~iiJK8H.IC1.F/MEE.ƒE.BO.}CX15w1.Om1
5/^122/^C5„YoQO.S1EC…1EVC2CG1.E.†12YMC567ECX1O.mOBO.3_12
CDEQ3
‹T€˜<: €˜:ekZVox¥DD 6‹eVo{

`bi‰eT[‹TtiTxsnvVbxswJsn_sVfae
VTo[boece‘'TdVZ"{T‰^Vh†V”Ze†[_
fb^Vh†VyX6‹eVoe’‘X„e’Vfˆem_[~[c
l^‹TekZsœ$T6‹eVfX)%@m_u%44„
[‘€`ZT^eˆVf‰f†VvsTUw m–ve’^XomTde[bo_
j~†V^ŠTˆeTZTe†[†VfZw™fZjsoV‰VkVT~ce 5ce
^ŠeekZb
f~e`pce‰eˆpceeXlTekZece‘'TdVZ
i…eXlfT~ekZ– lTx]^~VTo[b‹T€js
e•[ekZ6‹eo{5b ekZT‡}eˆVfXbUT€m€^Œ[
Vfl jZTUekZ–
o"'qMª4FIu 6‹eVo{`b„[~[cxsnvVb
xswVfX[XVf_Xe{`bj‹eVo ekVff{tVVfŒy|
V{eV‹†Vm–X_i– e‹ekYZ[cVpˆV
g

0'TdVZ `ZjcVf–Vae_ece‘ e‚pcVmnTm†‡[|
Xcx Vz VfZVki‘}T }VlTyaZVf~jZTUesU
n†VfZekZ65 ˜4FL b‡fZeˆ`cenT [~[c
€iTUTdvVbxsw e]{e iTdV[cTVfne|s™VaeVo^_Vf^‘TmnT
ce 5ce^ŠemƒVƒVekZsœ$T6‹e5aesUn•
VTo[V•eVUTdVfXZT"{T‰¬'q44ª4FFu 'qIª4F34u„xŽ
‰ekVfeTo^ŠetVTdm•TbT[•y|V{eeZXoV V‘
ceTdm•ece‘f{†V^_X_VX_`c`‹V
5Z:˜i]iZV–lehne Vfnes~enTekZV–
– Vc4ª4F34 sœ$T6‹eVfm‡ne VfaeVTo[^„‘Xece‘
'TdVZcIª4F34 lTekVf–"{T‰¬'^‰e`š€V
Vm_l^‹TeTo^ŠeZfZm_V]jZVfX"{T‰_se•YZ
jsoV‰eT‡n[cVVfTUekZece‘TbT[•y|V{eneVZ
yŸoVƒ^ŠTVfaeVTo[ekZece‘Vcc˜4F3I

_s<ªFª4F3I kV‰e"}ˆ.T‚eib$ ; xZT
`TfZne'TdVZ?|ek{•Z$ ;^_{Vm˜xTd
^‰e`še•TcVf‰VX^n VfX•{e^Œ[ VayXƒmnT[n[cV
VfTU^~ekYZp„{T^_VVeˆVf‰e‹V^•T m‹„Še"}ˆ
.T[ceVbX^VfXe^YekZb˜4F: ZsVfV_
TdVae }VlTVfV_e|^gekZ`aTd[†VfZTbT[•y|
V{e p|syap„{TnTekZy|V{eVZ
$4 "$"4k QOE"C
3.Y 7/:7"4%%&'(
)*+"gA."8
K).^C}~iJKi+i8E/E/412H.IC1.EC…cENOc.BEEuCh1
.mG1E.CD1
|s^_VlTx•_"}ˆ.Tezfb^„‘X|
y|VZm•ZVTo_xceToe‹Vaey|!c[ m•Zp|syaeo{
y|ek|y|q4F3I4FI3u_’eZX^_eToVƒTd”T~!k™
VTo_e{exceToe‹.¦ehnem_p|syaekYZp„{T
T‡”ƒe
'‡^g^Œ V•`Zece‘VccoxTjZlT i…T‡Vce
[“ekZ–lT„xT}eXVys\TnTekZb•^_ece
Vce[“/5"dut.n5") 9aJ1
lT„U^‘TeXVX_b VX_y| VX_j|VZib?Te•eVT~
^T~{VibV\xoV`|`ƒe •T^~€{Tyeib €V
V V–eb^nekZkV‰e"}ˆ.T‹TmnT`aTd[ece‘
'TdVZ”b?Te•e^_^lTe˜yte‹TezsV|soV {VyT`bV
Vm]ezjgicekZbm_y|V{e
PA`;9d3%%& '()*+x
i

SVxoVŠ[xceTomnTxToj‹e VTo_xceToxoV
Š[mnTp|syaeo{y|ek|y| VTo_}VlTZTeTo^Še

ece‘xceZece‘p„{TekYZT‡”ƒe ece‘y|
V{ey|ek|y|T‡Z™VVm‡jc{^~ekYZp„{T
x]jZTZTX‘[cVVfTU”
SVm‡‘TX_xoVy|V{em_X_xoVj‹eVo
SVm_eTo^Šem‡eXlT
SVeToVfZ|y| VX_y| VX_yTd ^|y_T yaZm_X`he
–^_eˆ
SD|syajs‡^_ekekZ|y| p|sya_neekZy| yX
y| m–y|
SD|syab{`bmnTVece^_{Vbejs‡«
N9I %%&'()*+37D.@t.!p>
3/7{"C! "gA."3"d
4 9a;gA."3;C3.>;:9
>7]9a;-k.B\;8]`D."%%&
h.]?k./t%(]3?k.d3 
;n"d.8
)=z%
)/E/412H.IC1.amCaB12Om15/^122C\Cc.•12FGc.BEEuCh1
pl1E`O
.M$/7  9a;gA."
V"}ˆ.T^_`b[“ekZVlT‘T •VflV} i†VyTdVm_
„VfV_{Vi{[ŒekZm˜Xcy|V{e e•`he†[yŸ ^|i‡m_[\
iTo^_V_T`bm]TcekZy|V{eVZ”Tm–VVekZlTx]e’VTo[
V xoV•Z€TcVf‰ VTXZm˜Xc VVvmYe€wekZ^X_T
lT VfX•ekso^_ekYZ.ce~T _e•c[hT‡m†‡
ekZVlT‘T ekZ`aTd[ece‘'TdVZm_VoTnT
ˆ`cV‘XekZ"}ˆ.TVUTde—m•ZVfV_mnT€
s~^g[\iToekZekYZ.ce~T }VlTxTT~eh mŒ
y•€s~^g• lT„‘y‘^X‘Tiž€–x]Vˆe
Š[mnTT‡xTde•VUekZneVZ yc‡p†V€m†‡nTyXVae

VTœtVfZm_TbTjsoV{Vece^TX‘V xXZ‚e Tdjb
§Vte`ƒe†VVfXVV"}ˆ.T^_€m†‡pjZ
mTdeTbT[•y|V{em_‰neX`a[cVVfTUekZy|V{e
V"}ˆ.T„ŠexTUTdVfXjcxh_sZs V
V•Z`XT`ceXlece‘'TdVZ
2M$%%&'()*+7%%&"f."
; "gA."


fX`‹Vetl{VšZVox¥ VV"}ˆ.T„Vf
V_‚elyŸyƒVece‘neVZTV•Vƒ^ŠT_soVƒ^ŠT
xce
b{`b'TdVZ V•‘T{T‘TiTUVX_j‹e^Vh
q<ª4FI4uVf^‘T|s„^T~V•exŽ‰mZTVf• gYZ Vcey•ekZ
l^‹TeˆVf‰ VV ‘Xhe [[c[ [Xece«"}
ˆ.T‹TmnTece‘'TdVZo‘T{T‘TiTUVX_j‹e
^Vh'qLª4FF4u b„Vf|Vf‚Tm_X^Ym_T‡^d
ekZ–vb^†sekYZ.ce~Tm_VV"}ˆ.T^_
‡VbVV xTe’ZeX_{w
fXi‹TebekZVoTnT_sZs VVekZlTT•[e•VZ
ŒVhe•€m†‡^ne•^T~jZomTdeibXmd‡{e^Œ[y|
V{e [cVVfTUp„{Tm_bibXjs‡eXlT
V"}ˆ.T^_‡Vbm€eƒeUbVZm‘el^‹T
ece‘•ƒ ^_`ŠTe’žyŸleXVX_y|V{eVZTVnTVƒ
^ŠT
)/E/412H.IC1.5LCFVCaoc.BEEuCh1E.…2CVC
.M$%%&'()*+7 
"}ˆ.T^_|mŒV^‰e`šmY‘T x]e’^_`b[“ekZy|V{e
ekZTZTe†[e]|'TdVZ _e•^_`b[“ekZVlT‘T ekZ|
^X‘TVToi{

'Tdepce‰•ƒ€m†‡eibekZece‘'TdVZ
VfX•e•ecem†‡D"m_p|syaD" m‡•Zi– Š[Vce €
‰T€Zecey|V{e e•TcVf‰VX^nm‡tV^g^Œm_ZVfV_Td
VaeekZT‡i†‡j‹eVo_sZsT‡_s„Še-5GxŽ
‰ TŒ
2M$%%&'()*+\>"3.%@C3.7]
%
••[^n†VekZ"}ˆ.T‹TmnTVlT‘T^_V•mTdepce‰
eXlehne•ƒeXy|V{eomTdepce‰{VeXl
ece‘ {VnT {V[[c[UVheV’_Vf˜VfTdeX
lTi‰c[iheVfXeceneV{e‰Z^‘eŒ
lT„TbTjsoV•ƒm†‡v^_Vo_XUTbT[•ecey|
V{eV{e‰Zw™pce‰ekYZoj‹e^_x Vz^n†VekZecey|V{ei‰
c[ihe lTx~‚T^ZX{VX_VoTnT †V^_eceneV{e‰Ze
[bT‘TX_xoV ‘T•ZŠ[
•f†V`n mnTmTdeŒVhe•/:2!ekZVlT‘T ƒ
iƒVeˆpceB!3["ekZVlT‘T "}ˆ.T„‡fZ
l^‹TeTo^Še `ce^Šem_[[c[ece‘•ƒeX`a
Td[ehne TbT[•y|V{e'TdVZ7}TV•xTTdekZne


– lTToxŽ‰v«VfXVlT‘Toj‹eekYZ {V
neV{e‰Zž mnT`a^„‘XekZTZTe†[m]`bm_bekZ• yaZ
m_Xje•|y|f{f„TVfneoV^_]y|m_X_xoVŠe‚T
V^n[|y|s~neVfXtVVfŒV‹†V mnT`ak{ekZ
[XVf_Xece‘VoTnT VfneoV^_ekZ[Wp„{TekYZz
‘ |y|ne•†V‰Vƒ^ŠTw
4

€e|^gVf~|sekZ"}ˆ.T„ Zm_`›„T„T^_e|

^g`clT •[[m_X`axToV‘Xm_[cVVfTUekZ|^X‘T
M$%%&'()*+n^9a;C3.>`"Y
.7
kV‰e"}ˆ.T^_m‰ZzTbT[•y|V{emY‘TekZ|
y|'TdVZ ^__X‘V{p†V`ƒeekZ[XVf_Xe{`bm_e]|
j‹eVo {VeTo`YxT~elekZ[XVf_XTbT[•y|V{eVfXVo
x¥DD
ˆlT„^_`‹^‘T€TcVf‰VTVekZy|V{e'TdV
Z Zy|V{eVZVfV_V†e\mrVTV†VfZekZecey|
V{ei‰c[iheVf~VoTnT
fX^•|y|VoTnTVToi{ s~e{X_i– "}kV‰e
`‹„T”‘i¢˜e|oV^•xˆVf‚ x|[•em_eZŠTlT
eXTlT^_v^„V•ekZVoTnTVhiZw ^_v}e\mr‹TmnTV†Vebece
eTo`Y†VfZeXVayXw
x$A
•e`^g^ŒekZ`a–V_m_[cVVfTUekZVV"}ˆ
.T „s^_`cVž{VVfX`cVT~eˆ-5G„i–e‚"}ˆ
.Tv?Z|m˜•Z^nekZ|^X‘TwiTm–lT^_ŸaeekZ
VTVxXZym˜•Z£
./0128x‡x#'
=(;!#'
)x‡x#'
kYZ.ce~TeXf… y|V{e^_`b[“^|y_TekZ^‰e`š
fney|V{e^_ece–Vhee{}V‰V{e i{V{e i{^‘e5a[cV
VfTUekZekYZVib„yŸVnT`afZlTm_[cVVfTUekZecey|V{eib
ekYZJT”esU`ZTZTX‘oj‹eekYZ eceoj‹e
VaeTdeˆ`cemrVfZp|^Še en[i•e ]y‰e'†‡y|V{eVf
~ZsƒVm_V••p†VTdC9a;;.8
)s15‚pl1E`OE.7`O5wQ
01 J-16<@O P ,P6>

4
"}ˆ.TVX_VŒ[ pi6 "_{T <::< VŒ[F Vf4I4L


V"}ˆ.Tx]‡eŒ[oecem†‡y|V{e•Te_
^_m†‡y|V{eV{e‰Zaee†VekZm†‡y|V{eV{e‰ZVfXV
V"}ˆ.T^_
PC3.5-k.:9a7]9a;8
"}ˆ.TT_`ajZV|o†VfZe‹ekYZVaey|
pXcižceV‹Vf‰ c[ihe i•e^{VekZneX_T™TbT[•y|V{e T_
{e^Œ[y|V{e VaeTdjs‡y|V{eVajsoV V_^Œ[_ney|V{e
{e^Œ[
o.cei_T‡m‡e{e†VfZe‹” ~Ti_T‡m‡
e{e†VfZe‹6 V–"}ˆ.TVŒ[Vfi_m‡e{e†VfZ
e‹aey|.cem_~Ti_T‡m‡e{e†VfZTZTe†[ece
ne” V–"}ˆ.Ti_T‡m‡†VfZTbT[•y|V{eece
neV{e‰Z
PS:.%3 9a;8
•VaeVTœekZ[XVf_XehneekZy|V{em_|^X‘T "}ˆ
.TxŽ‰[n[cVVfTUekZy|V{eVfXi‹TebnTekZ
VlT‘T^_D"
"X‘e‰eXl[cVVfTUekZy|V{eV{e‰Z^_{VmTde^_oV
`henT V•neV{e‰Z^~D"[bTVfbTjZT‡TZTX‘eTo
^ŠexceZ
Xl• VfX^YeˆVf‰VT~ekZb{
`b'TdVZ lTmToVv_V`by|js‡ece‘m_V\‰Zece
‘UTVnTp„{Te{`bw
4
aee†V^_eXl?ƒ^T‡mnT
D"

Xl•[zŠ[mnTX_ebekZeceneV{e‰Z •X_
VX_xceiTdVmnTecene„[cVVfTUT^~D"[|s|s^_
§V{ecXVfXVV"}ˆ.T
#P9;E@O PP@,( 9QJ-16<@O P ,P6>
P'()*+\!C;9a;hD%8
f~eXlVTo[eŒe|^gehne "}ˆ.T„V–TUm_
VTo[Œ€|V‹e•TcVf‰VfXs~]{e^Œ[ekZ.¦˜4MML
v†Veb‚TlT`TfZe•js‡i–Ž‘XXceX‚€js‡
x]ZTe•VUp|[‘Še VfX€js‡†se•js‡Še`‹
js‡VayXm_js‡e‘[•ew™s~]|js‡m_y|
js‡ekZece‘!c[˜4MF4vlTVZ`TfZVayXm_i–Žm‡
js‡^ŠTm_[bT^]^]ŠeVayXm_i–Žm‡js‡^ŠTw
4
"}ˆ.TVX_VŒ[ pi6 "_{T <::< VŒ[ VfZ4


•js‡eXlT†s lT„xcTjcV~e|^gm‡js‡eib
ekZecey|V{ev†Vebecey|V{eVf~VoTnT‡`TfZe•js‡i–
Ž y|V{e_Xere•js‡`‹ js‡``nm_js‡VayXw
4

PA;9 ;9a;
_lTy|†Vne T‡^ŠeehxToV{Tcey„ZekZek
YZVaey|‹TmnT}i_X–m_|y|ecey|V{ei‰c[iheVf~
VoTnT "}ˆ.TV†sf•{Vy|V{ex]e•js‡i–Žekso
^_yXy|V{e•†V{e^Œ['–mŒs VWXlT ecey|V{eV{e‰Z‹
e•js‡i–ŽVae`a[bTVah^~c\Toj‹ep|^Še
T_^‘T{e^Œ[VŒV`a {e^Œ[X_VX_eXy|V{e–
‡{e^Œ[X_VX_ {e^Œ[VŒV`aekZ{Vy|V{eVWXVV"}
ˆ.T[bTŠeVUTdsk€{Tyeib`Z|s

S;:9D: KD?2C
7Ba"" 9a;8{e^Œ[ekZ\6‹e VayXekZ|y|^_VT~
^T~†VlT„V•xŽ‰)" C3|
(2 %:9$nN5 %;
fX v”b  N~ `ce Vc  TUw šT  "{T ‰ 'WepZs ˜  4F4F
sœ$T6‹e•Tjs‡VayX y|ekeX|y|'TdVZ
{Tye‹V^•TVfX^YVT~ekZb˜4F:^_{e
^Œ[ VayXeXy|V{e
faeVTo[ekVf–"{T‰¬RqIª4F34u lTmToVVJˆecX}
i_Xm_e’f•vfX^•e_sjs‡^ŠTy|V{eTbT[•^_eZXoV
Vbsw
<

cR˜4F3I xTVlTeece‘eˆ}T lTxŽ‰
jsoVV|v?zs`TVnT| yz[bT‹Vecseby„sfl5er[bT
xT~jsoVT_eXŠe{e^Œ[y|V{ew


fX vs~]{e^Œ[ekZne'TdVZ?|ek{•Zw
lT^XVf‚Vs~i‹Vfnej‹ey|}i_Xm_VoTnTvne'TdV
Ze•js‡VayXm_{e^Œ[ m_`aVŒV„V_{VneVayX {e
^Œ[X_VUy|V{e'TdVZjsoVWV†VebVTVm_^ae^Š Vˆ
‘m_ekZebTUT€js‡VayX{e^Œ[†sw
3
mm
S;9a;74d/:5C€\nD5
.8
fXeceVm_Tdm˜šTVnTT~Š[j‹em_ˆ[kecene
m_XVlTTZ`Z. "}ˆ.T„Vs~i‹v|y|e•V]T
V_VŒVX‹X_i–|y|e•V]TerxT~jsoV

4
"}ˆ.TVX_VŒ[ pi6 "_{T <::< VŒ[ VfZIII
<
"}ˆ.TVX_VŒ[ pi6 "_{T <::< VŒ[ VfZ4FR

'•s~Tc[®€etl^‰e`š pi6 "_{T 4FF3 VfZ4FL
3
"}ˆ.TVX_VŒ[ pi6 "_{T <::< VŒ[3 VfZ3
J

eTo†oezUibXmd{e^Œ[m_ekjs‡VT~^T~†VVX_m¤
^„V\eX\6‹em_{e^Œ[eX†Vnew
4

JToj‹e.¦^WXVZiƒ[cT‡”ƒe jsoVV|ibXmd{e^Œ[m_
ekjs‡ŠeVUTdf•vc b)1./C7C
 "C%dC " w
<
'_xToj‹e
.¦^WXVZeToVfZ[cX‘TT‡”ƒe "}ˆ.T„ZfZ{Ve|
^gi†Vkvc ]>D?@;:9w


ˆi…VTV ‰^ae_seby|V{eVZhyŒsceX.¦
e•V ceX•s_X TbT[•T‡Z V‹†V\6‹e'_eˆ
[k.¦[bTeZxoVv'.cx%d 3;-
D 5 C € \ n %d g A." % 
=@X@E"QVO•gA."\ w
+ Ja;;3C7"[|!*3Da/:
..‚Tm†‡V{eekjs‡j‹eTZyXy|V{e•VajsoV‰lT

xŽ‰ne'TdVZ^_ekZlT'TdVZ yXy|V{e'TdVZ
jsoV‰ |y|'TdVZx]e†[Œi†Veh`aeZVTd[_XV•i~
X_T.
fX_Vf–V–lehne _s4RªLª4F4F sœ$T6‹e
VZstV€lT'TdVZs~neV‘T!c[šTo{T‰'§ep|s
67/  a9a‚PA." •Tjs‡i–ŽeXy|V{e'TdV
Z
+; •Tjs‡i–Žm‡eo{[c[^geXlTibph]
?‹TmnTe|@ pXcižeo{eZTVf‰i…`ƒe^d VZsVoi…
eo{‘X^ŒV
'.•Tjs‡VayXy|ekV‹TVTUeX|y| VayX]^Œ
VayXicXeˆ {T‚[ VayXeVf•
”bs~`cex]Šee†[Œ sœ$T6‹ef•VfZi_T‚e
.‹i–ŽVae`a[bT†VfZT_{e^Œ[y|V{e^_ece‘
‹TbT[•y|V{ee’e•VUVf]eŒsm_Xeˆ– m_X^ae^Š
ekZibV|–
S$3;]"%9aC":91!
 ;L]k.>YZ^_{e^Œ[y|V{e[bTƒ^T‡mnT
‘[•e eX cX†ekZ|y|
5‹VlT"}ˆ.Te’e•{VZ‹V{ViŒe^_v"/.%d
.%;9a;.%:9(2.]@"E
"[.^%w
lT•Tv•VZ„s`T „T_Še{e^Œ[ y|e’V†sTc
4
"}ˆ.TVX_VŒ[ pi6 "_{T <::< VŒ[ VfZ3FL
<
"}ˆ.TVX_VŒ[ pi6 "_{T <::< VŒ[3 VfZ3R:

"}ˆ.TVX_VŒ[ pi6 "_{T <::< VŒ[4< VfZ4:R
K

×