Citation
The Laws of Jamaica, 1930

Material Information

Title:
The Laws of Jamaica, 1930
Creator:
Jamaica
Place of Publication:
Jamaica
Publisher:
Government Printing Office
Language:
English
Physical Description:
approximately 93 pages

Subjects

Subjects / Keywords:
Caribbean Area, Laws, Jamaica ( lcsh )

Notes

Abstract:
The Laws of Jamaica passed in the year 1930 Published by authority

Record Information

Source Institution:
FIU: College of Law
Holding Location:
FIU: College of Law
Rights Management:
All rights reserved by the source institution.

Downloads

This item is only available as the following downloads:


Full Text

PAGE 1

btf btf tt

PAGE 2

bt

PAGE 5

f b btf fbf tttt !tt" bt

PAGE 7

btf bt #$ f % &'()*)+(,+-.&*./(&,+01,/,+2&' bt # f % 3&'()*)+(,-+.&+4&5.+4(6.&5&,*&f)(.78&'#9&' :);#< btf % 6.&8-&7.=.+-..+45.+(&' bt # f % #&';-/(6./()&5.+4(6.&'8.2-7&(,+2f&'>,+2&+4 .447,+2 bt (?" f % :&'()1/)=,4.;)/.(,/,+2)'&+*.8&+4/&(-,(,.8().&*6./8 );./(&,+/&,+,+2)77.2.8,+&5&,*& bt $ f %@ A.&/)*6,&7;;,*./8.+8,)+8&' bt 8( % B&'()1/)=,4.;)/.(,/,+2)'&+*.8().&*6./8,+.5.+C (&/D*6))78 bt 3 % E&'().0(.+4(6.1/)=,8,)+8);(6.b&+2./)-8b/-28&' 3#9&'#);3#<6.b&+2./)-8b/-285.+45.+( &'3EF9&');3E<&+4(6.b&+2./)-8b/-28&' .+45.+(&'3E9&'3);3E<()(6.b.1.+4.+*,.8 );&5&,*& bt f % &'()1/)=,4.;)/(6.&11),+(5.+();&.51)/&/D-1./C +-5./&/D.8,4.+(&2,8(/&(.',(6-/,84,*(,)+,+,=,7&((./8 ,+(6.1&/,86.8);!,+28()+&+4(+4/.'

PAGE 8

bt 3 f % &'().+&G7.(6.)=./+)/()G)//)'5)+.DGD(6.,88-.); /.&8-/D,778,+(6.87&+4 btf % 6.11/)1/,&(,)+&'@ bt ( f % 36.&,7'&D45,+,8(/&(,)+&+4.+8,)+8&' bt 8$ f % &'()&-(6)/,8.(6./&,8,+2);&7)&+;)/(6./.8()/&(,)+);(68 t)&,7'&D,./ bt ( f % #&';-/(6./()&5.+4(6.)()/.6,*7.&'339&'3); 3< bt ( f % :&'()*)+;./;-/(6./1)'./8)+(6.2/,*-7(-/&7)&+)*,.(,.8 )&/4 bt % A&'()2/&+(&+&44,(,)+&71.+8,)+()(6..=./.+4&((6.' )/G.8)6+8;)/5./7Df.&45&8(./);(6.&+*6.8(./.*)+4&/DH *6))7 bt B % B&';-/(6./()&5.+4(6.4-7(./&(,)+&'E9&'3:); E< bt B % E&'/.7&(,+2()(6.+8(,(-(.);&5&,*& bt % &'()&5.+4(6.,=,7./=,*.I,4)'8&+4/16&+8.+8,)+8 &'#9&'3);#< btb !" % 3&'()&-(6)/,8.(6./&,8,+2);&)&+;)/(6./.7&D,+2);;-/(6./@ 1)/(,)+8);(6.(/&*>);(6.&5&,*&)=./+5.+(&,7'&D @ btb !" % 3&'()8.*-/.&1.+8,)+()5)8f&/=.D*&6&+ '6);)/&+-5G./);D.&/88./=.4,+(6.-G7,*I)/>8&+4&+48 b.1&/(5.+();(6.)7)+DJ

PAGE 9

bt 3 b !" % 33&'()=&7,4&(.(6.-/D,8(;)/(6.1&/,86);&,+(&5.8;)/ (6.D.&/@ btff % 3&';-/(6./()&5.+4(6.&((7./.81&88&'EEE btff % 3#&';-/(6./()&5.+4(6.&/,+.)&/4&'9&'A); < btff % 3:&'()&-(6)/,8.&7)&+()(6.&5&,*&&+&+&/)4-*./888)C *,&(,)+,5,(.4

PAGE 10

#ffb$f%fbf!bbtt%f&&b"$f% ()3: t& (&(-(.8)/&'8 /.1.&7.4)/)(6./C ',8.&;;.*(.4 f)'&;;.*(.4 t-5G./); &' &');3 9.0*.1((6. (')7&8( ,(.58,+(6. *6.4-7.); (6.&'< )+(,+-.4-+(,7(&/*6 GD &'); &':);# 9.0*.1(8.*C (,)+&8 &5.+4.4GD &'); B< .*(,)+3); &':); #&8 &5.+4.4GD 8.*(,)+); &'); 3E .@.+&*(.4GD 5.+4.4GD &'3); &'#);EAB &'3:);3 &'3A);3#? .&4&+4*)+8(/-.4&8)+.',(6 .1.&7.4GD &'#); &'A); &'#);3#% &');3EK &'3);3E .*(,)+8E9< &+43);&'L #);3# 0(.+4.4()-/>8&+4&,*)8 &+48&+4&D5&+&+48GD t)(()&117D()-/>8&+4&,*)8 &+48&+4&D5&+&+48GD &'E); &'#); &'33);3 .*(,)+8ABE&+4/.1.&7.4GD .1.&7.4GD F &'3); .*(,)+E9< ( 9;<);&'3 );33&8 &5.+4.4GD &'B); 3B .1.&7.4&+4+.'8.*(,)+8-G8(,C (-(.4GD &'#); &'A);3 .&4&+4*)+8(/-.4&8)+.',(6 &':); &'3:);E .*(,)+A/.1.&7.4&+4+.'8.*(,)+ 8-G8(,(-(.4GD &'B);

PAGE 11

#ffb$f%fbf!bbtt%f&&b"$f% ()3: t& (&(-(.8)/&'8 /.1.&7.4)/)(6./C ',8.&;;.*(.4 &'33);EB &'#);EE &'); &'3);# &');EEE &'A); f)'&;;.*(.4 .1.&7.4GD -G@8.*(,)+);8.*(,)+#/.1.&7.4 &+4+.'8-G@8.*(,)+8-G8(,(-(.4GD /)=,8)()8.*(,)+&5.+4.4GD .*(,)+E/.1.&7.4&+4+.'8.*(,)+ 8-G8(,(-(.4GD .*(,)+#&8&5.+4.4GD8.*(,)+ 3);&'A);#/.1.&7.4&+4 +.'8.*(,)+8-G8(,(-(.4GD .*(,)+#/.1.&7.4&+4+.'8.*C (,)+8-G8(,(-(.4GD 6.(./5f)5.,/&4.6,1J&8 4.;,+.4,+8.*(,)+A/.1.&7.4&+4 +.'(./58-G8(,(-(.4GD t-5G./); &' &'E); &'); &'3); &'3#); &':);.*(,)+#&5.+4.4GD &'E);3E.1.&7.4GD

PAGE 13

t)M &88.+( K% bbt )t*t+ #(6&/*6 &'())+(,+-.&./(&,+01,/,+2&' K3 f % N,(.+&*(.4GD(6.)=./+)/&+4.2,87&(,=.)-+*,7 O);&5&,*&&8;)77)'8PM M6,8&'5&DG.*,(.4&8(6.01,/,+2&')+@ 6)/(,(7. (,+-&+*.&' 3M6.&'5.+(,)+.4,+(6.*6.4-7.()(6,8&' )+(,+-&+*.)/ 86&77G.*)+(,+-.4-+(,7&+4,+*7-4,+2(6.(6,/(D@;,/8(4&D ,+*6.4-7. );&/*6)+.(6)-8&+4+,+.6-+4/.4&+4(6,/(D@)+. fb .0*,8.b-(D9.51)/&/D+*/.&8.<&'39&');3< ',(6(6..0*.1(,)+);(6.;)77)',+2,(.58PM +&775&(*6.88-GQ.*(()0*,8.b-(D-+4./6.&(*6*,8.b-(D &'9&'3);<&+4&+D&'8&5.+4,+2(6.8&5.&+ &44,(,)+&74-(D&;(./(6./&(.);(.+1./*.+()+8-*6*,8.b-(D +&77&5)-+(81&D&G7.&8!,+2R8I&/.6)-8.;..8-+4./(6.I6&/;&2. &'E:9&':);E:<&8-/(&0&;(./(6./&(.);(.+1./*.+( );8-*6;..8

PAGE 15

t)3M &88.+( K% bbt )t*t+ #(6&/*6 &'())+(,+-.&+45.+4(6.&5&,*&f)(.78&' #9&':);#< K3 f % N,(.+&*(.4GD(6.)=./+)/&+4.2,87&(,=.)-+*,7 H);&5&,*&&8;)77)'8PM M&':);#.+(,(7.4(6.&5&,*&f)(.78&'..+&*(5.+(); #98&=.&+4.0*.1(8.*(,)+(6./.);<&8&5.+4.4GD&':);#S 8.*(,)+9G<);(6.&5&,*&f)(.78&'#5.+4C 5.+(&'B9&');B<,86./.GD/.@.+&*(.4 &+486&77G.*)+(,+-.4-+(,7(6.(6,/(,.(64&D);-+.)+. (6)-8&+4+,+.6-+4/.4&+4(6,/(D@;,=. 3M )/(6.1-/1)8.);.+&G7,+2(6.)=./+)/()2/&+(5.+45.+(); &+51)/(,*.+8.-+4./(6.8&,4&':);#8.*(,)+7,4.T 3(6./.);&87&8(&5.+4.4GD8.*(,)+);&');3E .+(,(7.4O&'()*)+(,+-.&+4&5.+4(6.&5&,*& f)(.78&'#J,86./.GD;-/(6./&5.+4.4GD8-G8(,C (-(,+2(6.;,2-/.8O:J;)/(6.;,2-/.8J M6,8&'5&DG.*,(.4&8(6.&5&,*&f)(.78&'E#UV

PAGE 17

t)M &88.+( % bbt )t*t+ #(6&/*6 6.&8-&7.=.+-.5.+45.+(&' KO6.4&D);(6.4&(.);&+D/)*7&5&(,)++)(,;D,+2(6&( WXf,8&Q.8(D',77+)(.0./*,8.6,81)'./8);4,8&77)'&+*. ,(.+&*(.4GD(6.)=./+)/&+4.2,87&(,=.)-+*,7 );&5&,*&&8;)77)'8PM Mt)(',(68(&+4,+2&+D(6,+2*)+(&,+.4,+.*(,)+);./8)+&7.8(&(. &');6.&8-&7.=.+-.&'(6. 1./8)+&7.8(&(.);&+D1./8)+'6)4,.8,+(.8(&(.&+4 ',(6)-(+.0();>,+86&77G.4..5.4()G.&*&8-&7/.=.+-.().+./&7 &+4+)(&4/),();(6./)'+&+486&77G.1&,4,+()(6.=.+-.S /.&8-/D&+4*&//,.4()(6.*/.4,();(6..+./&7.=.+-. &**)-+();(6,87&+4&+486&77G.4.&7(',(6,+&**)/4&+*. ',(6(6.1/)=,8,)+8);(6&(&'&+4&+D&'&5.+4,+2(6. 8&5. 3M6,8&'86&77+)(*)5.,+())1./&(,)+-+(,7(6.-81.+8,)+ )=./+)/+)(,;,.8GD/)*7&5&(,)+1-G7,86.4,+(6.&5&,*&&-8.F &Y.((.(6&(,(,8f,8&Q.8(DR817.&8-/.+)(()4,8&77)' (6.8&5.&+4(6./.&;(./,(86&77*)5.,+())1./&(,)+)+ 8-*64&D&8(6.)=./+)/86&77+)(,;DGD(6.8&5.)/&+D )(6.//)*7&5&(,)+ M6,8&'5&DG.*,(.4&8(6.&8-&7.=.+-.86)/(,(7.@ 5.+45.+(&'

PAGE 19

t)#M %&88.+( bbt )t*t+ #(6&/*6@ &';-/(6./()5.+4(6.&'8.2-7&(,+2f&'>,+2 &+4.447,+2 K78; % b,(.+&*(.4GD(6.)=./+)/&+4.2,87&(,=.)-+*,7 ,, );&5&,*&&8;)77)'8PM Mt)(',(68(&+4,+2&+D(6,+2()(6.*)+(/&/D*)+(&,+.4;H,&/.RI.78.8 ,+&+D&'8;)/(6.(,5.G.,+2,+;)/*./.2-7&(,+26&'>,+2,88-.4,+.,(6./ &+41.447,+2&6&'>./)/1.47&/R87,*.+8.,88-.4-+4./);!,+28()+V &+D8-*6&'8,+.,(6./);(6.1&/,86.8);!,+28()+)/,KH+Z/&(&+$ &,+(+4/.'86&77G.,+;-77;)/*.&+4.;;.*(,+G)(6);.[HT(6HG)(6 (6.8&,41&/,86.8&+4,(86&77+)(G.+.*.88&/D())G(&,+ &8.1&/&(.7,*.+8.;)/.&*68-*61&/,86 3M6,8&'86&77*)5.,+())1./&(,)+)+(6.;,/8(4&D)55.+*.5.+( );1/,7)+.(6)-8&+4+,+.6-+4/.4&+4(6,/(D M6,8&'5&DG.*,(.4&8(6.f&'>./8&+4.47&/8 86)/(,(7. -/(6./5.+45.+(&'&+486&77G./.&4&+4 *)+8(/-.4&8)+.',(6&'#);EAB&';)/.2-7&(,+2 f&'>,+2&+4.447,+2&+4&77&'8&5.+4,+2(6.8&5.

PAGE 21

t):M &88.+( K% bbt )t*t+ (6&/*6 I()1/)=,4.;)/.(,/,+277)'&+*.8&+4/&(-,C (,.8().&*6./8);./(&,+/&,+,+2)77.2.8,+ &5&,*& K3 f % \Bf,(,8.01.4,.+(()5&>.1/)=,8,)+;)/(6. V]2/&+(,+2);.(,/,+277)'&+*.8&+4/&(-,(,.8() .&6./8);*./(&,+/&,+,+2)77.2.8,+&5&,*&PM .,(.+&*(.4GD(6.)=./+)/&+4.2,87&(,=.)-+*,7 );&5&,*&&8;)77)'8PM M+(6,8&'(6.;)77)',+2.01/.88,)+86&=.(6.,+(./1/.(&(,)+ 5.&+,+286./.GD&88,2+.4()(6.5PM 9&
PAGE 22

3 Kt):% -./t%f 0-f/1t/2$f% .4,*&7./(,;,C *&(./._-,/.4() _-&7,;D t .(,/,+277)'C &+*.8,+)./(&,+ )&8.8 7,2,G,7,(D;)/ .(,/,+277)'C &+*.8&+4*)5C 1-(&(,)+);8&5. .(,/.5.+( (6/)-2616D8,*&7 )/5.+(&7,+C ;,/5,(D2/&+(); 2/&(-,(D,+8-*6 *&8.8 11),+(5.+(); .4,*&7)&/4 ,+*&8.8-+4./ 1/.*.4,+2.*C (,)+ ;,/8(8*6.4-7.);(6,8&')/&+D/&,+,+2 )77.2.&44.4()(6.8&,48*6.4-7.-+4./(6. 1/)=,8,)+8);(6,8&' 3Mt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

PAGE 23

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t%f0-f/1t/2$f% Kt):% 7,2,G,7,(D); (.&)6./;)/ .(,/,+277)'C &+*.'6.+6. (&>.&-1&11),+(C 5.+(,+.5.+C (&/D)/.*)+4C &/D*6))7 ./=,*.); (.&)6./'6.+ /&,+,+2 )77.2.,8*7)8.4 )/*.&8.8()G. ',(6,+(6. 1/)=,8,)+8);(6. &' &7&/D

PAGE 24

# Kt):% -./t%f 0-f/1t/2$f% .(,/,+277)'C &+*.+)(() .0*..4(')@ (6,/48);(6. 6,26.8(8&7&/D 4/&'+&(&+D (,5. ./=,*.()*)5C 5.+*.;/)5 4&(.)+'6,*6 (.&*6./*)5C 5.+*.4()4/&' 8&7&/D&8 (.&*6./,+ /&,+,+2)77.2. ./=,*.-+4./ &2.);('.+(D@ )+.D.&/8+)(() *)-+( .(,/,+2&77)'C &+*.8&+42/&(-C ,(,.8*6&/2.&G7. )+.+./&7 .=.+-. ')1./*.+( 4.4-*(,)+()G. 5&4.;/)5(6. 8&7&/,.8 .2-7&/ =&*&(,)+8() *)-+(&88./=,*. .2,8(./()G. >.1(GDb,/.*()/ );4-*&(,)+ &+4*)1D .2,8(./,+ -4,(;;,*. Mt)/.(,/,+2&77)'&+*.2/&+(.4()&(.&*6./-+4./ (6,8&'86&77.0*..4(')@(6,/48);(6.6,26.8(8&7&/D 4/&'+GD6,5&(&+D(,5.,+(6.*)-/8.);6,88./=,*. M./=,*.;)//.(,/,+2&77)'&+*.)/2/&(-,(D86&77G.@ 4..5.4()*)55.+*.;/)5(6.4&(.)+'6,*6(6.(.&*6./ *)55.+*.4()4/&'&+D8&7&/D&8&(.&*6./);&/&,+,+2 )77.2. Mt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b,/.*()/);4-*&(,)+86&77>..1&7.2,8(./,+ '6,*66.',77.+(./(6.+&5.);.&*6(.&*6./.517)D.4&( (6.4&(.);(6.*)55.+*.5.+();(6,8&'(6.4&(.);6,8 ;,/8(&11),+(5.+(6P8&2.)+(6&(4&(.(6.+&5.);(6. *)77.2.&+4(6.&5)-+();8&7&/D1&,4,+*&86&+4);&+D &77)'&+*.89()G.4.8*/,G.4&+4=&7-.48.1&/&(.7D
PAGE 25

: ',77&78).+(./&+D&7(./&(,)+,+(6.8&7&/D)/&77)'&+*.8 /.*.,=.4GD(6.(.&*6./f.',77&78).+(./(6./.,+(6. 8&5.1&/(,*-7&/8,+/.81.*();&+D8-G8._-.+(&11),+(C 5.+(6.74GD(6.(.&*6./f.',77&78).+(./(6./.,+ 8,5,7&/1&/(,*-7&/8',(6/.81.*(()&77(.&*6./8&11),+(.4 &;(./(6.1&88,+2);(6,8&' )/(6.1-/1)8.8);(6,8 8.*(,)+(6.b,/.*()/5&D/._-,/.&77+.*.88&/D,+;)/5&C (,)+()G.8-117,.46,5GD(6.2)=./+,+2G)4,.8);(6. /&,+,+2)77.2.88-11)/(.4GD&8(&(-()/D4.*7&/&(,)+&8 ()(6.*)//.*(+.88(6./.);*)1D);(6,8/.2,8(./86&77 G.>.1(,+(6.-4,(;;,*.;)/(6.1-/1)8.);*)51-(,+2 (6./.(,/,+2&77)'&+*.8-+4./(6,8&' AM7,8();(6.,+,(,&7.+(/,.85&4.,+(6..2,8(./ ,8();&,, 86&77G.8.+(()(6.)7)+,&7.*/.(&/D&+4)+.&*68-G@H*4)+,&,AE.+( 8._-.+(.+(/DG.,+25&4.,+(6..2,8(./&+.0(/&*();8.*/.(&/DGD `,+, Xb,/.*()/); (6.8&5.,+4-17,*&(.86&77G.8.+(()(6.)7)+,&7 4-*&(,)+ .*/.(&/DGD(6.b,/.*()/);4-*&(,)+'6)',77/.1)/(&( (6.8&5.(,5.'6.(6./&77(6.1/)=,8,)+8);(6,8&',+ (6,8*)++.*(,)+6&=.G..+)G8./=.4;(6.)=./+)/,8 8&(,8;,.4(6&((6.1/)=,8,)+8);(6,8&'6&=.G..+;-7C ;,77.4(6.b,/.*()/',77G.8),+;)/5.4&+4(6..+(/D',77 8(&+4G-(',77G..01-+2.4,;(6.)=./+)/,8+)(8&(,8;,.4 ;&+4'6.+(6.)=./+)/6&8&11/)=.4);(6..+(/D )+.*)1D);(6..0(/&*(',77G.;)/'&/4.4()(6.-4,()/ .+./&7'6)',77*&-8.&+.+(/D()G.5&4.,+(6.*)1D /.2,8(./>.1(,+(6.-4,(;;,*. BM;&(.&*6./&;(./G.,+2.517)D.4,+&/&,+,+2.(,/,+2&,,)'@ )77.2.,8&11),+(.4()&+;;,*.-+4./(6.)=./+5.+(;+aaT&,5(D );(6,8)7)+D',(6)-(&+DG/.&>,+8./=,*.6.5&D,;6. \*.H54./ (GZ /.(,/.8;/)5(6.)=./+5.+(./=,*.G.2/&+(.4&)=./+5.+( ',(6)-(G/.&>,+ /.(,/,+2&77)'&+*.)/2/&(-,(D5/.81.*();6,88./=,*.58./=,*. &/&,+,+2)77.2.G&8.4)+(6.1./,)48)8./=.4&+4 *&7*-7&(.4&81/)=,4.4,+(6,8&' EMt)(.&*6./86&77G.*)+8,4./.4()6&=.&+&G8)7-(. f &G8)7-(. /,26(()&+D/.(,/,+2&77)'&+*.)/2/&(-,(D-+4./(6,8&'H;H&Ha*./[S,/,+b 2/&(-,(D Mt)/.(,/,+2&77)'&+*.)/2/&(-,(D2/&+(.4-+4./ .(,++2&,,)'@ (6,8&'86&77G.&88,2+&G7.)/(/&+8;./&G7.)/7,&G7.()G.&+*;&a/ ,( c 2/&(-,(,.8+)(() &((&*6.48._-.8(./.4)/7.=,.4-1)+;)/)/,+/.81.*();G.&88,2+&G7.)/ 7,&G7.()&((&)6@ &+D4.G()/*7&,5'6&(8).=./ 5.+( .(* -./t%f 9 -f/1t/2$f% Kt)

PAGE 26

Kt):% -./t%f 0-f/1t/2$f% .(,/,+2&77)'C &+*.8()*.&8.,+ *&8.8);&+>C /-1(*D.(*G-( )=./+)/5&D &117D8&5.;)/ G.+.;,();1.+C 8,)+./6,8',;. )/*6,74/.+ b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

PAGE 27

-./3t%f 0-f/1t/2$f% Kt):% B 6./&,+,+2)77.2.>+)'+&8(6.O,*)J/&,+,+2)77.2.9;)/ 5.+<,+(+4/.'&5&,*& 6./&,+,+2)77.2.>+)'+&8(6.6)/;'))4J/&,+,+2)77.2. 9;)/')5.+<,+(+4/.'&5&,*& 6.8*6))7;)/(6.(/&,+,+2);;.5&7.(.&*6./8*&//,.4)+GD(6. )/&=,&+6-/*6&(.(67.6.5+.&/&7=./+(7,Y&G.(6&5&,*& f t/(6-/&5.8t.'5&+ /+)74))/. )6+&5.8,7> /(6-//&+( )G./(716)+8);7.+/D =./&74/(6-/()+&/+ 7)=.+8.=,(-&/( /1t/+ /,+*,1&7 ,*.@/,+*,1&7 .+,)/-()/ &8(./);.(6)4 -()/ ((-+,)/-()/ -+,)/-()/ #t%ttb-f/1t/+ 7,*../(/-4.&+4 &/2&/.(.G.**&.44.8 &/,&+I))4/);;.-D f.7.+&,.//1)+(-D f.7.+,8.b/-55)+4 /,+*,1&7 .*)+4,8(/.88 88,8(&+(,8(/.88 88,8(&+(,8(/.88 88,8(&+(,8(/.88 4!-f!1t/+ b)/&!.5G./ ,=.&/,)+&/;,(( -/,.7&+.,GG8 =D7&+=,77. ,/8(,8(/.88 .*)+4,8(/.88 6,/4,8(/.88 .&*6./);b)5.8(,*-GQ.*(8

PAGE 29

t)AM &88.+( K bbt )t*t+ (6&/*6 6.&/)*6,&7;;,*./8.+8,)+8&' K 6.4&D);(6.4&(.);&+D/)*7&5&(,)++)(,;D,+2(6&(@% f,8&Q.8(D',77+)(.0./*,8.6,81)'./8);4,8&77)'&+*. ,(.+&*(.4GD(6.)=./+)/&+4.2,87&(,=.)-+*,7@ &8&5&,*&&8;)77)'8PM M+(6.,+(./1/.(&(,)+);(6,8&'-+7.88(6.*)+(.0( ,+(./1/.(&(,)+ )(6./',8./._-,/.8(6..01/.88,)+&/)*6,&7;;,*./J 5.&+8&+D.517)D..);&&/)*6,&7)&/4'6)6)748&+D );(6.);;,*.85.+(,)+.4,+*6.4-7.);(6,8&')/&+D );;,*./-+4./&&/)*6,&7)&/4'6,*6(6.)=./+)/5&D GD)/4./,+/,=D)-+*,7;/)5(,5.()(,5.4.*7&/.()G. &&/)*6,&7;;,*.;)/(6.1-/1)8.8);(6,8&' 3M9<(86&77G.7&';-7;)/(6.)=./+)/,+/,=D b.*7&/&(,)+&8() )-+*,7GD)/4./,+/,=D)-+*,7;/)5(,5.()(,5.());;,*.Ta6,&R 4.*7&/.&+);;,*.-+4./&&/)*6,&7)&/4()G.&&/)C *6,&7;;,*.;)/(6.1-/1)8.8);(6,8&'&+4()&44(6. 8&5.()*6.4-7.);(6,8&'/)=,4.4(6&(+)8-*6 &44,(,)+86&77G.5&4.-+7.88&+4-+(,7@&/.8)7-(,)+() (6&(.;;.*(F86&776&=.G..+/.*.,=.4;/)5&&/)*6,&7 )&/4

PAGE 30

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
PAGE 31

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t));;,*./86&77G.*)+8,4./.4()6&=.&+&G8)7-(. f &G8)7-(./,26( /,26(()*)51.+8&(,)+;)/1&8(8./=,*.8)/()&+D1.+8,)+1*H&( 2/&(-,(D)/)(6./&77)'&+*.-+4./(6,8&')/-+4./&+D /.2-7&(,)+85&4.(6./.-+4./^+)/86&77&+D(6,+26./.,+)/ ,+8-*6/.2-7&(,)+8*)+(&,+.47,5,((6./,26(()4,85,88&+D );;,*./',(6)-(*)51.+8&(,)+ BM6.&'85.+(,)+.4,+*6.4-7.);(6,8&'&/..1.&7 6./.GD/.1.&7.4()(6..0(.+(5.+(,)+.4,+(6.*6.4-7. G-((6,8/.1.&786&77+.,(6./4,5,+,86&+D/,26(8+)/&;;.*( &+D/.(,/,+2&77)'&+*.2/&+(.41/,)/()8-*6/.1.&7 EM6,8&'5&DG.*,(.4&8(6.&/)*6,&7;;,*./8 86)/(,(7. .+8,)+8&' -5ftf6&&5t$f% Kt)A%

PAGE 32

# Kt)A% -5ftf6&&5t$f% )55.+*.5.+( );&' M6,8&'86&77+)(*)5.,+())1./&(,)+-+7.88&+4 -+(,7(6.)=./+)/86&77+)(,;DGD/)*7&5&(,)+(6&(,(,8 f,8&Q.8(DR817.&8-/.+)(()4,8&77)'(6.8&5.&+4 (6./.&;(./,(86&77*)5.,+())1./&(,)+-1)+8-*6&4&D &8(6.)=./+)/86&77+)(,;DGD(6.8&5.)/)(6./ /)*7&5&(,)+ fb ;;,*. 6.7./>);(6.)&/4 .4,*&7;;,*./);f.&7(69'6)7.(,5.;;,*./< -1./,+(.+4.+();&/)*6,&7f)&48&+4I)/>8 88,8(&+(-1./,+(.+4.+();f)&48&+4I)/>8 +81.*()/);))/ &8(./);))/f)-8. fb t));&' 6)/(,(7. 3:);36.&/)*6,&7;;,*./8 .(,/,+277)'&+*. &'3 3A);3#&/)*6,&7;;,*./8 .(,/,+277)'&+*. &'3# 0(.+();.1.&( 6.'6)7.&'" 6.'6)7.&'

PAGE 33

t)BM &88.+( K% bbt )t*t+ 8(1/,7 &'()1/)=,4.;)/.(,/,+277)'&+*.8().&*6./8 ,+7.5.+(&/D*6))78 K/4 < N,(.+&*(.4GD(6.)=./+)/&+4.2,87&(,=.)-+*,7 );&5&,*&&8;)77)'8PM M+(6,8&'(6.;)77)',+2')/48&+4.01/.88,)+886&77 ,+(./1/.(&(,)+ 6&=.(6.;)77)',+25.&+,+28&88,2+.4()(6.5PM 7.5.+(&/D*6))7.&*6./J5.&+8&(.&*6.//.2,8C (./.4GD(6.4-*&(,)+b.1&/(5.+(&8.517)D&G7. ,+(6.*&1&*,(D);/,+*,1&7)/88,8(&+(.&*6./ -+4./(6.)4.);.2-7&(,)+8);(6.4-*&(,)+ b.1&,(58+(&+4/.;.//.4(),+(6,8&'&8& .&*6./J O&7&/DJ5.&+8&/.2-7&/5)+(67D&5)-+(1&,4()& .&*6./,+&**)/4&+*.',(6(6.)4.);.2-7&(,)+8 );(6.4-*&(,)+b.1&/(5.+()-();&+D2/&+(GD (6..2,87&(,=.)-+*,7;)/(6.1-/1)8. ./=,*.J5.&+88./=,*./.*)/4.4GD(6.4-*&(,)+ b.1&/(5.+(,+(6.*&1&*,(D);/,+*,1&7)/88,8(&+( .&*6./,+&+7.5.+(&/D*6))7)/+;&+(*6))7

PAGE 34

/&+();.+C 8,)+.(* ._-,/.5.+(8 ;)/2/&+(); .+8,)+ )51-(&(,)+); .+8,)+ .(,/,+2&77)'C &+*. /&(-,(D -+4./(6.)4.);.2-7&(,)+8);(6.4-*&(,)+ b.1&/(5.+()/8./=,*./.+4./.4',(6(6.&11/)=&7 );(6.b,/.*()/);4-*&(,)+,+8-*6)(6./+8(,(-C (,)+&8(6.)=./+)/,+/,=D)-+*,786&77&11/)=. 3M(86&77G.7&';-7;)/(6.)=./+)/,+/,=D)-+*,7 ()2/&+(&1.+8,)+/.(,/,+2&77)'&+*.)/2/&(-,(D()&+D (.&*6./'6)G.*)5.8.7,2,G7.(6./.;)/&86./.,+&;(./ 1/)=,4.4 M(.&*6./()'6)5(6,8&'&117,.886&77G. *)+8,4./.4.7,2,G7.;)/&1.+8,)+,;M 9&<6.6&8&((&,+.4(6.&2.);8,0(DD.&/8)/,+(6.*&8. );&')5&+;,;(D@;,=.D.&/8&+46&88./=.4;)/& ()(&71./,)4);+)(7.88(6&+(.+D.&/8-+4./(6. )4.);.2-7&(,)+8);(6.4-*&(,)+b.1&/(5.+(^ 9G<6,8/.*)/4,8*./(,;,.4&88&(,8;&*()/DGD(6.b,/.*C ()/);4-*&(,)+P1/)=,4.4(6&('6./.&(.&*6./ 6&8G..+4,85,88.4)+&**)-+();5,8*)+4-*(&+4 6&8',(6(6.&11/)=&7);(6.b,/.*()/);4-*&C (,)+G.*)5..517)D.4&2&,+&8&(.&*6./()'6)5 (6,8&'&117,.8(6.)=./+)/5&D,+6,84,8C */.(,)+&77)'&+D1)/(,)+);6,88./=,*.()*)-+( ;)/1.+8,)+)//.(,/,+2&77)'&+*.8-GQ.*(()(6. )(6./1/)=,8,)+8);(6,8&'^ #M6.1.+8,)+(6&(5&DG.2/&+(.4()&(.&*6./-+4./ (6,8&'86&77G.*&7*-7&(.4&((6./&(.);)+.)+.@(6)-8&+4@ &+4@.,26(,.(6;)/.&*6*)517.(.45)+(6);/.*)/4.48./=,*. );(6.&=./&2.&++-&78&7&/D4-/,+2(6.7&8(;,=.D.&/8); 6,88./=,*. :M6)-74&(.&*6./&;(./6.6&88./=.4;)/(.+D.&/8 *)+(,+-)-87DG-(G.;)/./.&*6,+2/.(,/,+2&2.G.*)5. (6/)-26,+;,/5,(D);5,+4)/G)4D'6,*6,87,>.7D()G. 1./5&+.+(-+&G7.()*)+(,+-.6,8.517)D5.+(&8&(.&*6./ (6.)=./+)/,+/,=D)-+*,75&D2/&+(6,5&/.(,/,+2 &77)'&+*.,+/.81.*();(6.+-5G./);D.&/86.6&88./=.4 *)51-(.4&8,+(6.,55.4,&(.7D1/.*.4,+28.*(,)+ AM6)-74&(.&*6./'6)8.()(&78./=,*.,87.88(6&+(.+ D.&/8G.*)51.77.4()/.(,/.(6/)-2616D8,*&7)/5.+(&7 ,+;,/5,(D'6,*6,87,>.7D()G.1./5&+.+((6.)=./+)/,+ /,=D)-+*,75&D2/&+(6,5&2/&(-,(D._-&7()6&7;& 5)+(6R88&7&/D&((6.7&8(/&(.);8&7&/D4/&'+GD6,5&( (6.4&(.);/.(,/.5.+(;)/.&*6*)517.(.D.&/);8./=,*. /.*)/4.4 Kt)B% -7!f#tt-f5t$f%

PAGE 35

-7!f#tt-f5t$f% Kt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t)(.&*6./86&77G.4..5.4()G._-&7,;,.4-+7.88 ',(6,+8,05)+(68);6,8;,/8(&11),+(5.+(&8&(.&*6./ -+4./(6,8&'6.,8*./(,;,.4&8;,(GD&.4,*&7)&/4 &11),+(.4GD(6.)=./+)/P1/)=,4.46)'.=./(6&((6,8 *)+4,(,)+86&77+)(&117D()(.&*6./8'6)&/..517)D.4 &((6.*)55.+*.5.+();(6,8&' #Mt)1.+8,)+2/&+(.4-+4./(6,8&'86&77.0*..4 ;)-/@+,+(68);(6.6,26.8(8&7&/D4/&'+GD(6.(.&*6./&( &+D(,5.,+(6.*)-/8.);6,88./=,*. ),+(5.+(); .4,*&7)&/4 ./=,*.5&DG. G/)>.+./=,*. )=./+)/&D )/4./(6&(./C =,*.)/1)/(,)+ (6./.);,8+)(() *)-+( I6.+(.&*6./ +)(.7,2,G7.;)/ 1.+8,)+.(* ./=,*.2,=.+ -+4./3D.&/8 );&2.+)(() *)-+( &*&(,)+;-77 1&D&+46&7; 1&D7.&=. ./(,;,*&(.); ;,(+.88 GD .4,*&7)&/4 /._-,/.4 .+8,)++)(() .0*..4#?(6& );6,26.8( 8&7&/D

PAGE 36

# Kt)B% -7!f#tt-f5t$f% /&+8;./ t& (.&*6./;/)5 7.5.+(&/D ().*)+4&/D *6))7)//&,+C ,+2)77.2..(* +.;;,*,.+( (.&*6./5&DG. /._-,/.4() /.8,2+ .51)/&/D /.@&11),+(5.+( );/.(,/.4 (.&*6./ t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b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t)(.&*6./86&77G.*)+8,4./.4()6&=.&+&G8)7-(.@ /,26(()&+D1.+8,)+/.(,/,+2&77)'&+*.)/2/&(-,(D-+4./ (6,8&' M;&+D1./8)+()'6)5&1.+8,)+/.(,/,+2&77)'&+*.@ )/2/&(-,(D,82/&+(.4-+4./(6,8&'G.*)5.8&G&+>/-1( )/,8*)+=,*(.4);(/.&8)+)/;.7)+D6,8&77)'&+*.86&77 *.&8.;)/(6',(6G-((6.)=./+)/5&D1./5,((6.&77)'C &+*.,+'6)7.)/,+1&/(()G.&117,.4;)/(6.5&,+(.+&+*.@ )/G.+.;,();(6.1.+8,)+./)/6,8',;.)/*6,74/.+)/ )(6./4.1.+4.+(8

PAGE 37

-7!f#tt-f5t$f% Kt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

PAGE 39

t)EM &88.+( K% bbt )t*t+ 3#(61/,7 &'().0(.+4(6.1/)=,8,)+8);(6.b&+2./)-8b/-28&' 3#9&'#);3#<6.b&+2./)-8b/-285.+45.+(&' 3E9&');3E<&+4(6.b&+2./)-8b/-28&'5.+4C 5.+(&'3E9&'3);3E<()(6.b.1.+4.+*,.8); &5&,*& K78Z f % b,(.+&*(.4GD(6.)=./+)/&+4.2,87&(,=.)-+*,7 );&5&,*&&8;)77)'8PM M6.b&+2./)-8b/-28&'3#9&'#);3#<0(.+8,)+); (6.b&+2./)-8b/-285.+45.+(&'3E9&');&';.(),3G2V E<&+4(6.b&+2./)-8b/-28&'5.+45.+(&',&+HH4(6. E9&'3);3E<&/.6./.GD.0(.+4.4()(6.-/>8&D5&+&+48@ &+4&,*)87&+48&+4(6.&D5&+7&+488-GQ.*( 6)'.=./()(6.1/)=,8,)+8);(6,8&' 3M+(6.&117,*&(,)+);(6.8&,4&'8()(6.-/>8&+4,+ (6.&11,,*&@ &,*)887&+48&+4(6.&D5&+87&+488-*6&'886&77G.()(6.H()\& /.&4&+4*)+8(/-.4',(6(6.&5.+45.+(8&+48-G8(,(-(,)+8Ha(6*H5&+ 8.()-(,+(6.*6.4-7.()(6,8&' ,87&+48(6. &5.+45.+(8,+ (6.8*6.4G./.&4(6./.C ',(6

PAGE 40

Kt) E % f/t / 078tt b2$f% ./(&,+8.*(,)+8 );&'#); 3#+)(() &117D 6)/(,(7. M.*(,)+E9<&+48.*(,)+3);(6.b&+2./)-8b/-28 &'3#9&'#);3#<86&77+)(&117D()(6.-/>8 &+4&,*)887&+48)/()(6.&D5&+87&+48 #M6,8&'5&DG.*,(.4&8(6.b&+2./)-8b/-28 90(.+8,)+()b.1.+4.+*,.8<&' ./58-8.4,+ &5&,*&&'8 )77.*()/.+./&7R )=./+)/J )=./+)/,+/,=D )-+*,7J 87&+4);&5&,*&R -1./,+(.+4,+2.4,*&7 ;;,*./J &7.);b/-28&+4),8)+8 &'E#9&'#);E#8&+4&,*)887&+48J)/ 6.&D5&+87&+48J&8(6. *&8.5&DG. 6.-1./,+(.+4,+2.4,*&7 ;;,*./&5&,*&)/&+D1./8)+ ;/)5(,5.()(,5.81.*,&77D &-(6)/,8.4GD(6.)=./+)/ +D&';)/(6.(,5.G.,+2,+ ;)/*./.2-7&(,+2(6.8&7.); b/-28&+4),8)+8J 8/.2&/48(6.-/>8&+4&,*)8 87&+48PM -8()58/4,+&+*.E9)/4,C +&+*. E );E<&+4&+D /4,+&+*.8&5.+4,+2(6.8&5.J 8/.2&/48(6.&D5&+87&+48PM 6.&D5&+87&+48-8C ()58)+8)7,4&(,)+&' 9&' );EB<&+4&+D &'8&5.+4,+2(6.8&5.J +81.*()/);)7,*.J &2,8(/&(.J)/)55,88,)+./J &8(6.*&8.5&DG. )55,88,)+./)/1./8)+&1C 1),+(.4GD(6.)=./+)/J 8/.2&/48&D5&+87&+48P )=./+5.+(+)(,*.1-G7,86.4 ,+(6.b.1.+4.+*DJ 6.-/>8&+4&,*)887&+48 )/6.&D5&+87&+48J&8 (6.*&8.5&DG. fb 0 00

PAGE 41

t)M &88.+( % bbt )t*t (6&D &'()1/)=,4.;)/(6.&11),+(5.+();&.51)/&/D-1./+-5./&/D .8,4.+(&2,8(/&(.',(6-/,84,*(,)+,+,=,7&((./8,+(6. &/,86.8);!,+28()+&+4(+4/.' K3, f % f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b.*.5G./)+.(6)-8&+4E&7&/D(G.1&,4R +,+.6-+4/.4&+4(6,/(D

PAGE 42

3 -1./+-5./&/D .8,4.+( &2,8(/&(.() .0./*,8. Q-/,84,*(,)+); !,+28()+)-/( )'./); )=./+)/() &11),+(&+D _-&7,;,.41./8)+ ()&*((.51)/&C /,7D&8-1./C +-5./&/D .8,4.+( &2,8(/&(. 6)/(,(7. Kt)% -#!f.bf/f 9 -!tf < $f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

PAGE 43

t)M &88.+( K bbt )t*t+ 38(&D &'().+&G7.(6.)=./+)/())//)')+.D#ND (6.88-.);/.&8-/D,778,+(6.87&+4 K3; f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

PAGE 44

Kt)% -$tf-f4$f% /,+*,1&7)+.D8 *6&/2.4-1)+ 2.+./&7/.=.+-. /)*.4-/.&8() 1/)*..48);,88-. );G,778 &7-.);G,778 &+4'6.+1&DC &G7. &D5.+(); 1/,+*,1&7 /)*.4-/.-1)+ /.1&D5.+(); 1/,+*,1&75)+.D8 3M6.1/,+*,1&75)+.D8/.1/.8.+(.4GD(6./.&8-/D G,778,88-.4-+4./(6.1/)=,8,)+8);(6,8&'&+4(6. ,+(./.8((6./.)+&/.6./.GD*6&/2.4-1)+&+486&77G. 1&D&G7.)-();(6.2.+./&7/.=.+-.8&+4&88.(8);(6. 7&+4 M6.1/)*..48);(6.,88-.);(6./.&8-/DG,77886&77 G.1&,4,+()(6./.&8-/D()G.-(,7,8.4;)/(6.1-/1)8.8 81.*,;,.4,+(6..8)7-(,)+ #M=./D/.&8-/DG,77,88-.4-+4./(6,8&'86&77G. ;)/(6.8-5);)+.6-+4/.41)-+48)/&5-7(,17.);)+. 6-+4/.41)-+48&+486&77G.1&D&G7.&(1&/&(8-*6(,5. )/(,5.8&8(6.)=./+)/86&77G.;)/.(6.,88-.);8-*6 /.&8-/DG,778;,0&+44.(./5,+.G-(+)(7&(./(6&+)+. D.&/;/)5(6.4&(.);,88-. :M6.)=./+)/86&77,;+.*.88&/D&11/)1/,&(.)-(); (6.2.+./&7/.=.+-.);(6.87&+4(6.+.*.88&/D8-5() 1&D(6.1/,+*,1&7/.1/.8.+(.4GD(6./.&8-/DG,778'6.+ (6.D;&774-. AM1)+/.1&D5.+();(6.1/,+*,1&75)+.D8/.1/.8.+(.4 GD(6.V/.&8-/DG,778(6.G,77886&77G.4.7,=./.4-1() (6./.&8-/./()G.GD6,5*&+*.77.4 BM6,8&'5&DG.*,(.4&8(6.)*&7/.&8-/D,778 &' 6)/(,(7.

PAGE 45

t)M &88.+( K% bbt )t*t+ 3E(6&D 6.11/)1/,&(,)+&'@ K3 f % f);(6.&5)-+();(')5,77,)+(6/..6-+4/.4 &+4('.+(D@(')(6)-8&+4(6/..6-+4/.4&+4 8.=.+(D@+,+.1)-+48/._-,/.4;)/(6.8./=,*.);(6.,=,7 )=./+5.+();(6,887&+4&+4;)/)(6./1-/1)8.8;)/(6. ,+&+*,&7.&/().+48(4&D);&/*6)+.(6)-8&+4 +,+.6-+4/.4&+4(6,/(D@)+.(6.8-5);;)-/6-+4/.4&+4 +,+.(D@8,0(6)-8&+4)+.6-+4/.4&+48,0(D@.,26(1)-+486&8 G..+1/)=,4.4;)/GD&'&+4,(,8+)'/._-,8,(.()5&>. &;-/(6./1/)=,8,)+);)+.5,77,)+.,26(6-+4/.4&+4('.+(D@ 8,0(6)-8&+4(')6-+4/.4&+4.7.=.+1)-+48 .,(.+&*(.4GD(6.)=./+)/&+4.2,87&(,=.)-+*,7 );&5&,*&&8;)77)'8PM M6./.&8-/./);(6.87&+486&77)+(6.'&//&+( );(6.)=./+)/1&D&8-5+)(.0*..4,+2,+(6.&22/.2&(. )+.5,77,)+.,26(6-+4/.4&+4('.+(D@8,0(6)-8&+4(') 6-+4/.4&+4.7.=.+1)-+48;)/4.;/&D,+2(6.8.=./&7*6&/2.8

PAGE 46

Kt) % -tft$f% @ &+4.01.+8.8);(6.,=,7)=./+5.+();(6,887&+4&+4F ;)/)(6./1-/1)8.8;)/(6. ,+&+*,&7.&/().+4)+(6. 8(4&D);&/*6)+.(6)-8&+4+,+.6-+4/.4&+4(6,/(DH )+.8.(;)/(6,+(6.*6.4-7.()(6,8&'&++.0.4 fb 6&/2.8);b.G(B3 .+8,)+8E#E# .+8,)+8);I,4)'8&+4/16&+833: )=./+)/&+4(&;;3B3# /,=D)-+*,7A3 .2,87&(,=.)-+*,73 )7)+,&7.*/.(&/,&(EA &+48b.1&/(5.+(E33 -4,(b.1&/(5.+(A3A -G7,*/.&8-/DB3 -//.+*D)55,88,)+./83BEF )=./+5.+(&=,+28&+>:B 55,2/&(,)+b.1&/(5.+(# 7./>8);&/)*6,&7)&/48: )77.*()/.+./&7R8b.1&/(5.+(EB3 )8(;;,*.3## -1/.5.)-/(3#E &';;,*./8:E !,+28()+)-/(F3: .8,4.+(&2,8(/&(.8R)-/(8A 45,+,8(/&()/.+./&7R8;;,*.AB .4,*&7PM .+./&745,+,8(/&(,)+ :::3 f)81,(&78&+4.1./8Rf)5. E3#B -+&(,*8D7-5 #EE )+8(&G-7&/D AA /,8)+8 AE33 +4-8(/,&7*6))7()+Df,77 EE#:@ 4-*&(,)+ :A f&/G)-/8&+4,7)(&2. AB#E &/,+.)&/4:3 )*&7 )/*.8B# .2,8(/&/.+./&7R8b.1(87&+4.*)/4;;,*.#H#B3 .2,8(/&(,)+);,(7.8;;,*.33: )=./+5.+(/,+(,+2;;,*.#:: )&/4);-1./=,8,)+3A b.1&/(5.+();*,.+*.&+42/,*-7(-/.:E: 2/,*-7(-/&7)&+)*,.(,.8)&/4 :#E -G=.+(,)+8:3BB ,8*.77&+.)-8 # : &,7'&D H RA# -G7,*I)/>8b.1&/(5.+( AE -G7,*I)/>8++-&77D.*-//.+( :BE -G7,*I)/>80(/&)/4,+&/D 3B:A:@ ZE3A3

PAGE 47

t)M &88.+( f bbt )t*t+ 8(&D 6.&,7'&D45,+,8(/&(,)+&+4.+8,)+8&' 6.4&D);(6.&(.);&+D/)*7&5&(,)++)(,;D,+2(6&(@d KXf,8&Q.8(D',77+)(.0./*,8.,81)'./8);4,8&77)'&+*. b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

PAGE 48

3% -.f%fb!ftfb5t$f% )'./); b,/.*()/ )=./+)/F. )'./8()5&>. /.2-7&(,)+8 Ob,/.*()/J5.&+8(6.1./8)+;)/(6.(,5. G.,+26)74,+2)/&*(,+2,+(6.);;,*.);b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b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

PAGE 49

9&<6.&11),+(5.+()/.+2&2.5.+(4-(,.8/.C 5-+./&(,)+*)+4,(,)+8);.517)D5.+(7.&=. *)+(/)7&+44,8*,17,+.);&771./8)+8,+(6../=,*. +)(G.,+21./8)+8)+(6.1./5&+.+(.8(&G7,865.+( );(6.)7)+D^ 9G<6./.2,8(/&(,)+););;,*./8&+4.517)D..8);&77 2/&4.8(6.5&>,+2);*7&,58;)/1.+8,)+8&+4 2/&(-,(,.8-+4./(6,8&'^&+4 9*<2.+./&77D;)/(6.G.((./*&//D,+2)-();(6.)GQ.*(8 &+41-/1)8.8);(6,8&'^ +48-*6/-7.8&+4/.2-7&(,)+8)/&+D);(6.55&D 1/)=,4.1.+&7(,.8()G.,+;7,*(.4&+4.+;)/*.44.1&/(5.+(&77D `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f%fb!ftfb5t$f*9 Kt)3

PAGE 50

# Kt)3% -.f%fb!ftfb5t$f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t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t));;,*./)/.517)D..'6),84,85,88.4;/)5(6.@ ./=,*.;)/4,86)+.8(D)/;)/2/&=.5,8*)+4-*(86&77G. .+(,(7.4()&+D1.+8,)+&77)'&+*.)/2/&(-,(D M;&+.517)D..);(6.&,7'&D,8*)51.77.4()/.(,/. &8(6./.8-7();6&=,+2G..+,+*&1&*,(&(.4)/,+Q-/.4M 9&<,+(6.&*(-&74,8*6&/2.);6,84-(D&+4',(6)-(6,& )'+4.;&-7(P)/ 9G<)+&**)-+();8)5.,+Q-/D)/4,8.&8.81.*,;,*&77D &((/,G-(&G7.()(6.+&(-/.);6,84-(D&+46,8 /.(,/.5.+(,8(6./.GD+.*.88,(&(.4)/5&(./,&77D@ &**.7./&(.4^

PAGE 51

-.f%fb!ftfb5t$f% Kt)3< [4,8&G,7,(D&77)'&+*.,+&44,(,)+()(6.)/4,+&/D1.+8,)+ `)/*)51&88,)+&(.&77)'&+*.)/2/&(-,(D5&DG.2/&+(.4() 6,5,+1/)1)/(,)+()(6..0(.+();6,8,+Q-/D)+&*./(,C ;,*&(.);('))/5)/..4,*&7/&*(,(,)+./8;)/5,+2& .4,*&7)&/4()G.&11),+(.4GD(6.-1./,+(.+4,+2 .4,*&7;;,*./&8;)77)'8PM I6.+(6,8*&1&*,(D()*)+(/,G-(.()6,88-11)/(,8 87,26(7D,51&,/.4(.+@8,0(,.(68^ ,51&,/.4('.+(D@8,0(,.(68^ 5&(./,&77D,51&,/.4(6,/(D@8,0(,.(68^ ()(&77D4.8(/)D.4 (6,/(D@;,=.@8,0(,.(68 );(6.&*(-&71&D&((6.4&(.);/.(,/.5.+(/.8-7(,+2;/)5 8-*6,+Q-/D)/4,8.&8.P/)=,4.46)'.=./(6&(8-*6&77)'&+*. ()2.(6./',(61.+8,)+86&77+)(.0*..46,8&*(-&71&D&((6. 4&(.);/.(,/.5.+(&+4(6&(8-*61./8)+86&77G.8-GQ.*(() 5.4,*&7.0&5,+&(,)+&++-&77D)/&(8-*6)(6./1./,)4&85&D G.4,/.*(.4GD(6.)=./+)/&8(),8(6.+8(&(.);6.&7(6; &8(6./.8-7();&+D8-*6.0&5,+&(,)+,(&11.&/8(6&(8-*6 1./8)+,8+)7)+2./-+;,(;)/(6.8./=,*.);(6.&,7'&D ,(86&77G.7&';-7;)/(6.b,/.*()/());;./()(&>.6,5G&*> ,+()(6../=,*.,+(6.1)8,(,)+6.74GD6,5&((6.(,5.); 6,8/.(,/.5.+()/,+8-*6._-,=&7.+(1)8,(,)+&8,(5&D G.1)88,G7.()&//&+2.)/);;./&+4,;&+D8-*61./8)+86&77&( &+D(,5.'6.+*&77.4-1)+GD(6.b,/.*()//.;-8.()G. .0&5,+.4-+4./(6.1/)=,8,)+8);(6,8&')/86&77,;)+ 5.4,*&7.0&5,+&(,)+G.1/)+)-+*.4;,(;)/8./=,*.&+4 (6.b,/.*()/);;./()(&>.6,5G&*>,+()(6../=,*.,+(6. 1)8,(,)+6.74GD6,5&((6.(,5.);6,8/.(,/.5.+()/)(6./C ',8.&8&;)/.8&,4/.;-8.8-*6);;./6.86&77;)/;.,(6,84,8C &G,7,(D&77)'&+*.&+4&77;-/(6./*7&,58(6./.()P/)=,4.4 6)'.=./(6&(&+D1./8)+8)4,8*6&/2.45&D,;6./.;-8.8 ()/.Q),+G.&77)'.4()*)+(,+-.()4/&'(6.1.+8,)+() '6,*66.5&DG..+(,(7.4)/4,+&/,7D M6)-74&+.517)D..'6)5&D/.(,/.,+*,/*-58(&+*.8 5.+(,)+.4,+(6.1/.*.4,+28.*(,)++)(6&=.8./=.47)+2 .+)-26().+(,(7.6,5()/.*.,=..,(6./&1.+8,)+)/2/&(-,(D (6.)=./+)/,+/,=D)-+*,75&D+.=./(6.7.882/&+( 6,5&81.*,&72/&(-,(D,+/.81.*();(6.+-5G./);D.&/8 8./=.4,+&44,(,)+()&4,8&G,7,(D&77)'&+*.&81/)=,4.4,+ (6.1/.*.4,+28.*(,)+ 1.*,&7

PAGE 52

A Kt)3% -.f%fb!ftfb5t$f% .+8,)+)/ 2/&(-,(D() ',4)')/*6,7C 4/.+););;,*./ >,77.4,+.0.*-C (,)+);-(D .+8,)+8.() ()G.&,4)-(); 2.+./&7/.=.+-. &+4()G.*6&/2.4 )+/.=.+-.); &,7'&DF t)&G8)7-(. /,26(()1.+8,)+ )/2/&(-,(D .+8,)+2/&(-C ,(Dd.(*+)( &88,2+&G7.)/ &((&*6&G7. b.),8,)+); )=./+)/,+ /,=D)-+*,7() G.;,+&7 b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t)(',(68(&+4,+2&+D(6,+2,+(6,8&')/&+D/-7. )//.2-7&(,)+(6./.-+4./+));;,*./)/.517)D..86&77G. 4..5.4()6&=.&+&G8)7-(./,26(()&+D*)51.+8&(,)+;)/ 1&8(8./=,*.8);&+D>,+4)/()&+D1.+8,)+2/&(-,(D)/ )(6./&77)'&+*.+)/86&77&+D(6,+2,+(6,8&')/&+D /-7.)//.2-7&(,)+5&4.(6./.-+4./G.(&>.+()1/.=.+( &+D);;,*./)/.517)D..G.,+2/.(,/.4)/4,85,88.4&(&+D (,5.',(6)-(*)51.+8&(,)+ #Mt)1.+8,)+2/&(-,(D)/)(6./&77)'&+*.-+4./(6,8 &'86&77G.&88,2+&G7.)/(/&+8;./&G7.)/7,&G7.()G. &((&*6.48._-.8(./.4)/7.=,.4-1)+;)/)/,+/.81.*();F &+D4.G()/*7&,5'6&(8).=./ :M+&77_-.8(,)+8);'6&(.=./+&(-/.&/,8,+2-+4./@ (6,8&',+/.81.*();(6.2/&+(,+2);&+D1.+8,)+2/&(-,(D )/&77)'&+*.(6.4.*,8,)+);(6.)=./+)/,+/,=D)-+*,7^ 86&77G.;,+&7 AM6.b,/.*()/5&D8-.&+4G.8-.4,+/.81.*();&+D *&-8.);&*(,)+/.7&(,+2()(6.&,7'&DP&+4,+&+D8-,()/ &*(,)+()G.G/)-26(GD)/&2&,+8((6.b,/.*()/,(86&77G.T 8-;;,*,.+(()4.8*/,G.6,5&8b,/.*()/);(6.&,7'&D',(6@

PAGE 53

B )-(+&5,+26,5^&+48-*6&*(,)+)/8-,(86&77+)(&G&(.GD (6.4.&(6/.8,2+&(,)+4.1&/(-/.;/)5(6,87&+4)/ /.5)=&7;/)5);;,*.);(6.1./8)+6)74,+2(6.);;,*.); b,/.*()/);(6.&,7'&D BM6.b,/.*()/&+4&771./8)+8.517)D.4GD)/ -+4./6,586&77G..0.51(;/)51./8)+&7/.81)+8,G,7,(D ;)/&+D&*(4)+.-+4./(6.1/)=,8,)+8&+41)'./8);(6,8 &'^&+4&774&5&2.8&+4*)8(8'6,*65&DG./.*)=./.4 &2&,+8((6.b,/.*()/,+&+D&*(,)+)/8-,(;)/&*(88)4)+. 86&,/G. 1&,4)-();2.+./&7/.=.+-.)+(6.'&//&+();(6. )=./+)/ EM9./.5.4D;)/(6.8&5.&8&4.;.+4&+(6&8 GD7&';)/*)8(8,+)(6./*&8.8 9:<6.17&,+(,;;(6)-26&=./4,*(,82,=.+;)/6,586&77 +)(/.*)=./*)8(8&2&,+8((6.4.;.+4&+(-+7.88(6.-42. G.;)/.'6)5(6.(/,&7,86&4*./(,;,.86,8&11/)G&(,)+); (6.&*(,)+ Mt)(6,+2,+(6,8&'*)+(&,+.486&77.,(6./4,5,+,86 (6./,26(8&*_-,/.4GD&+D1./8)+8-+4./(6./.1.&7.4&'8 -.f%fb!ftfb5t$f% Kt)3% b,/.*()/&+41./C 8)+&-+4./6,5 .0.51(;/)5 1./8)+&77,&G,7,(D *(,)+&+41/)C *..4,+28&2&,+8( b,/.*()/ t)(,*.);&*(,)+ .() /.8./=&(,)+); .0,8(,+2/,26(8

PAGE 54

.1.&7 )/(,(7. -,1.-&,)+ b )/&;;.*((6.1.+8,)+82/&(-,(,.8)/)(6./&77)'&+*.82/&+(.4 ()&+D1./8)+8'6)6&=./.(,/.4;/)5(6../=,*.G.;)/.(6. *)5,+2,+())1./&(,)+);(6,8&' 3M6.&'85.+(,)+.4,+(6.8.*)+48*6.4-7.()(6,8 &'&(.6./.GD/.1.&7.4()(6..0(.+(8.(;)/(6,+(6.(6,/4 *)7-5+);(6.8&,48*6.4-7. 3M6,8&'5&DG.*,(.4&8(6.&,7'&D45,+,8(/&C (,)+&+4.+8,)+8&' 33M6,8&'86&77+)(*)5.,+())1./&(,)+-+7.88&+4 -+(,7(6.)=./+)/+)(,;,.8GD/)*7&5&(,)+1-G7,86.4,+ (6.&5&,*&&Y.((.(6&(,(,8f,8&Q.8(DR817.&8-/.+)( ()4,8&77)'(6.8&5.&+4(6./.&;(./,(86&77*)5.,+() )1./&(,)+)+8-*64&D&8(6.)=./+)/86&77+)(,;DGD(6. 8&5.)/&+D)(6.//)*7&5&(,)+ Kt)3% -.f%fb!ftf5t$f% fb /&;;,*+81.*()/ ))482.+(!,+28()+ (&(,)+&8(./8 .7,.;(&(,)+&8(./8 &86,./8 .+,)/88,8(&+(/&,+8)+(/)77./8 88,8(&+(/&,+8)+(/)77./8 I6&/;,+2./8 ,*>.(0&5,+./8 &88.+2./-&/48 ))48-&/48 /&>.85.+ /&+86,1)/(./8 .&4,+26-+(./8 6-+(./8 ,7)(5.+ )/(./8'..>7D1&,4 -+,)/b,8(/,*(+2,+../ 88,8(&+(.7.2/&16&+4.7.16)+.+81.*()/ ./5&+.+(I&D-1./,+(.+4.+(8 .&/+././5&+.+(I&D-1./,+(.+4.+(8 b/&-26(85.+ 88,8(&+(b/&-26(85.+ .&/+./b/&-26(85.+ ./5&+.+(I&D )/.5.+,+*7-4,+2)+8(/-*(,)+bI6&/; )/.5.+ .&/+././5&+.+(I&D )/.5.+ )/.5&+.7.2/&16&+4.7.16)+.,+.85&+ .7.2/&16&+4.7.16)+.,+.85.+ &(.>..1./8 I&(./;,((./8 -515.+

PAGE 55

-.f%fb!ftfb5t$f% Kt 3% +8(/-5.+(.1&,/./ -++,+2+81.*()/ ,//&>.+8(/-*()/ ,5.>..1./8 I)/>86)18 )/.5.+ I)/>86)186&/2.5.+ +2,+.b/,=./8 )*)5)(,=. ,/.5.+ &//,&2.&+4I&2)+0&5,+./8 /.&8./8 I&(*65.+'..>7D1&,4 ,/8(,4&+)*)5)(,=./&+*6 6.4;)/.5.+ 6.46&/2.5.+ +2,+.6.45.+&+4t,26(5*+ 7&*>85,(68 ),7./5&>./8 )11./85,(68 &*6,+,8(8 )-74./8 ,((./8 *.(D7.+.I.74./ 7.*(/,*/*I.74./ &/1.+(./8&+4&((./+5&>./8 I))4')/>&*6,+,8(8 &,+(./8 16)78(././8 /-*> ,((./8 7&*>85,(6(/,>./8 ),7./5&>./8f.71./8 ,((./8f.71./8&+488,8(&+(8 &(/,+.7.&+./ ))7))5!..1./ )-+4/D -5&*.5&+ )()//)77.Db/,=./8 ;;,*.7.&+./8 .88.+2./8 I)/>8()/.>..1./ I)/>86.*>./ 7..1./+81.*()/ ()/.5.+ 7./>8+)()+(6. ,0.48(&G7,865.+( .7,.;7./>8 tbfbO t));&' 6)/(,(7. 0(.+();.1.&7 #); &'()&5.+46.&5&,*& .*(,)+8ABE &,7'&D)51&+DR8&'EE &+4 33);3 6.&,7'&D517)D..8&' 6.'6)7.&'

PAGE 57

bt &88.+( K bbt )t*t+ 8(&D &'()-(6)/,8.(6.&,8,+2);&)&+;)/(6. .8()/&(,)+);(6.t)&,7'&D,./ : % SeBRfGD.8)7-(,)+);(6..2,87&(,=.)-+*,7/.&5G7. VU1&88.4)+(6.8,0(..+(64&D);&D)+.(6)-8&+4 +,+.6-+4/.4&+4('.+(D@+,+.&11/)=&7'&82,=.+;)/(6. /&,8,+2GD7)&+);8(,*6&8-5+)(.0*..4,+2)+.6-+4/.4 &+4('.+(D(6)-8&+41)-+48&85,26(G.+..4.4;)/(6. 1-/1)8.);*)+8(/-*(,+2&*)+*/.(.1,./()/.17&*.(6.1,./ >+)'+&8(6.t)&,7'&D,./P +4I6./.&8GD.8)7-(,)+);(6..2,87&(,=.)-+*,7 1&88.4)+(6.(.+(64&D);b.*.5G./)+.(6)-8&+4+,+. 6-+4/.4&+4('.+(D@+,+.(6.)-+*,7&4=,8.4(6&((6.8&,4 1,./>+)'+&8(6.t)&,7'&D,./86)-74G./.17&*.4 GD&1,./,+(,5G./',(68(..786.48-1./8(/-*(-/.&+4 &11/)=.4);(6..01.+4,(-/.);8-*6&5)-+(&85,26(G. +.*.88&/D,+*)++.*(,)+(6./.',(6P +4I6./.&8,(,8+.*.88&/D()1/)=,4.GD&';)/(6.

PAGE 58

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b.G.+(-/.&':9&'); 3:<)/-+4./(6.1/)=,8,)+8);(6.&,8,+2);)&+8 944,(,)+&7)'./8<&'B9&'#);3B< 3M6.8&,48-5);.,26(D(6)-8&+41)-+48)/8)5-*6 (6./.);&8,(5&DG.+.*.88&/D()/&,8.-+4./(6.1/)=,8,)+8 );(6,8&'86&77G.-(,7,8.4,+1&D,+2(6.*)8();/.17&*,+2 (6.1,./>+)'+&8(6.t)&,7'&D,./'6,*6'&8 4.8(/)D.4GD;,/.)+(6.(6,/4&D);&/*6)+.(6)-8&+4 +,+.6-+4/.4&+4('.+(D@+,+.&+4);&7(./,+2,51/)=,+2 )/&44,+28,4,+28G-,74,+28&+4/)&4&11/)&*6.8()(6. &,7'&D,./8&+4);&77)(6./+.*.88&/D')/>,+*)++.*(,)+ (6./.',(6 M;(6.7)&+6./.GD&-(6)/,8.4)/&+D1&/((6./.); 86&77G.,88-.4-+4./(6.1/)=,8,)+8);(6..+./&7)&+ &+4+8*/,G.4()*>&'39&');3<)/);(6. )*&7+8*/,G.4()*>&'E9&'B);E<)/&+D &'&5.+4,+2(6.8&5.)/);(6.)*&7b.G.+(-/.&' 3:9&');3:<(6.+(6.*)+(/,G-(,)+(),+>,+2 -+4&8*)+(.517&(.4GD8.*(,)+8&+43B8.*(,)+8 B&+4E&+48.*(,)+#/.81.*(,=.7D);(6)8.&'886&77 *)55.+*.)+.D.&/&;(./(6.4&(.;/)5'6,*6(6.,+(./.8( Kt)% -.f%f50;t+ < $tff%

PAGE 59

)+4.G.+(-/.8)/8()*>()G.,88-.4-+4./(6)8.&'886&77 G.2,+()/-+ #M6.1/,+*,1&75)+.D8&+4,+(./.8(8.*-/.4GD(6. 4.G.+(-/.8)/8()*>,88-.4-+4./(6,8&'&/.6./.GD *6&/2.4-1)+&+486&77G.1&D&G7.)-();(6..+./&7 .=.+-.&+4&88.(8);(6.)=./+5.+();&5&,*& :M6,8&'5&DG.*,(.4&8(6.&,7'&D,./9t)< )&+&' -.f%f50;t+ < $tf$f% Kt)% &D5.+(); 1/,+*,1&75)+.D8 &+4,+(./.8( )/(,(7.

PAGE 61

t)#MH &88.+( bbt )t*t+ 8(&D I;-/(6./()&5.+4(6.)()/.6,*7.&' 339&'3);33< : % b,(.+&*(.4GD(6.)=./+)/&+4.2,87&(,=.)-+*,7 );&5&,*&&8;)77)'8PM M6,8&'86&77G./.&4&+4*)+8(/-.4&8)+.',(6(6.)+8(/-*(,)+); )()/.6,*7.&'339&'3);33<6./.,+&;(./&'S /.;.//.4()&8(6.1/,+*,1&7&'&+4&+D&'8&5.+4,+2 (6.8&5. 3M.*(,)+E9<9;<);(6.1/,+*,1&7&'&8&5.+4.4GD;2+'fH6. (6.)()/.6,*7. -/(6./5.+45.+(&'3B9&'B1/,+*,1&7&' );B<,86./.GD/.1.&7.4&+4(6.;)77)',+28-G@8.*(,)++.' 8-G8(,(-(.4(6./.;)/PM O9;
PAGE 62

3 Kt)#% -tt<=!b!$f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

PAGE 63

&88.+( K% bbt )t*t 8(&D I()*)+;./;-/(6./)'./8)+(6.2/,*-7(-/&7 )&+)*,.(,.8)&/4 :% % ,(.+&*(.4GD(6.)=./+)/&+4.2,87&(,=.)-+*,7 );&5&,*&&8;)77)'8PM Mt)(',(68(&+4,+2&+D(6,+2()(6.*)+(/&/D*)+(&,+.4HH41a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

PAGE 64

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t):% -/f$tf#t4tfb 0= 5t% < $f%

PAGE 65

;/)5(6.)55,((..);&+&2.5.+()+&+D5&((./8-*6 `4,;;./.+*.);)1,+,)+86&77G.8-G5,((.4()(6.)&/4'6)8. 4.*,8,)+86&77G.;,+&7 M9<+(6.)&/4(&>,+2)=./(6.5&+&2.5.+(&+4H, *)+;.//.4 *)+(/)7);&+D)*,.(D(6.)&/486&776&=.&+45&D(&>,+2)=./ .0./*,8.&77)/&+D);(6./,26(81)'./8&+41/,=,7.2.8)),.(D@ *)+;.//.4)+(6.)*,.(D)/(6.)55,((..);&+&2.5.+( )/(6.)-+*,7GD/-7.8*/GD&+D,+8(/-5.+(,+'/,(,+2 &+48-*6;-/(6./&+4)(6./1)'./8&85&DG.+.*.88&/D ;)/5&,+(&,+,+2&+4*)+(/)77,+2(6.)*,.(D)/;)/',+4,+2 -1,(8&;;&,/8,;+.*.88&/D 93<+)(,*.GD(6.)/41-G7,86.4,+(6.&5&,*& &Y.((.(6&((6.D6&=.(&>.+)=./)/6&=./.@(/&+8;.//.4 (6.5&+&2.5.+();&+D)*,.(D86&77G.*)+*7-8,=..=,4.+*. (6./.); #M+8&(,8;&*(,)+);&77*7&,58);(6.)&/4(6.5&+&2.@'6.+)&/4() 5.+();&+D)*,.(D'6,*66&8G..+(&>.+)=./-+4./&+D5.H ;+8V );(6.;)/.2),+21)'./886&77G./.(-/+.4()(6.)55,((.. ); `);&+&2.5.+();(6.)*,.(D',(6)-((6.+.*.88,(D); &+D;)/5&7&88,2+5.+()/(/&+8;./&+4,;(6./.G.+) 8-*6)55,((..);&+&2.5.+(&=&,7&G7.)/',77,+2()&*( (6.+()8-*61./8)+)/1./8)+8&8(6.)=./+)/5&D &11),+(()G.(6.)55,((..);&+&2.5.+( :M=./D1./8)+'6)86&77;&,7)/+.27.*(()4.7,=./() &,7-/.()4.7,=./ (6.)&/4)+,(8(&>,+2)=./(6.5&+&2.5.+();&+D .(* );;.+*.^ )*,.(D&+DG))>81&1./84)*-5.+(8)/8.*-/,(,.8);8-*61.+&(D@ )*,.(D,+(6.*-8()4D*)+(/)7)/1)'./);8-*61./8)+ 86&77G.2-,7(D);&+);;.+*.-+4./(6,8&'&+486&77)+ 8-55&/D*)+=,*(,)+G.;)/.&.8,4.+(&2,8(/&(.)/(') -8(,*.8);(6..&*.G.7,&G7.()&1.+&7(D);)+.6-+4/.4 1)-+48&+4,+4.;&-7();1&D5.+((),51/,8)+5.+(;)/ 8,05)+(68 M6.8.*-/,(D2,=.+()(6.)&/4GD&+D2/,*-7(-/&78..U(Vg=.+ )&+)*,.(D;)/&7)&+5&4.(),(-+4./(6.1/)=,8,)+8(),+*7-4.&;(./ );.*(,)+ );(6.1/,+*,1&7&'86&77,+*7-4.&77(6.1.H+1/aO 86&/.*&1,(&72))48*6&((.78&+4.;;.*(88.*-/,(,.8;)/ 5)+.D7&+48&+45)/(2&2.8)'+.4GD(6.)*,.(D&((6. (,5.);2,=,+2(6.8.*-/,(D()(6.)&/4&+4&78)&77 -/f$tf#t4tfb 0= Kt): 5t% < $f%

PAGE 66

# 9t):%^ -/f$tf#t4tfb 0= 5t%2$f% .*,;,*,2+C 5.+();&4.G( ().+&G7.)&/4 ()(&>.1/)*..4C ,+28-++.*.88&/D f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

PAGE 67

t)AM &88.+( K% bbt )t*t+ (6-+. &'()2/&+(&+&44,(,)+&71.+8,)+()(6..=./.+4 &((6.' )/G.8)6+8;)/5./7Df.&45&8(./);(6. &+*6.8(./.*)+4&/D*6))7 K 6.4&D);(6.4&(.);&+D/)*7&5&(,)++)(,;D,+2(6&(@d f,8&Q.8(D',77+)(.0./*,8.6,81)'./8);4,8&77)'&+*. b f-+4./(6.1/)=,8,)+8);(6..+8,)+8/.&5G7. 9.*)+4&/D*6))7.&*6./8<&'3#9&'3 );3#<&1.+8,)+'&82/&+(.4()(6..=./.+4&((6.' )/G.8)6+8;)/5./7Df.&45&8(./);(6.&+*6.8(./ .*)+4&/D*6))7P +4'6./.&86&=,+2/.2&/4()(6.7)+2&+4;&,(6;-7 8./=,*.);(6.8&,4.=./.+4&((6.' )/G.8)6+8,(,8 4..5.4&4=,8&G7.()2/&+(()(6.8&,4.=./.+4&((6.' )/G.8)6+8&+&44,(,)+&71.+8,)+);('.+(D@)+.1)-+48 .7.=.+86,77,+28&+48,01.+*.1./&++-5P .,(.+&*(.4GD(6.)=./+)/&+4.2,87&(,=.)-+*,7 );&5&,*&&8;)77)'8PM Mt)(',(68(&+4,+2&+D(6,+2,+&+D&'*)+(&,+.4 /&+();&44,@ (6.8&,4.=./.+4&((6.' )/G.8)6+886&77G..+(,(7.41.+OaS ()G.1&,4&+&44,(,)+&71.+8,)+);('.+(D@)+.1)-+48 .7.=.+86,77,+28&+48,01.+*.1./&++-5;/)5(6.4&(.);

PAGE 68

Kt)A< -5t5t*t0.*bf%=t"t2 $f% )/(,(7. -81.+4,+2 *7&-8. (6.*)5,+2,+())1./&(,)+);(6,8&'P/)=,4.4(6&( 8-*61.+8,)+86&77G.4..5.4()G.&1.+8,)+2/&+(.4 -+4./(6..+8,)+89.*)+4&/D*6))7.&*6./8<&' 3#9&'3);3#<&+4&+D&'&5.+4,+2(6.8&5. )/,+*)/1)/&(.4(6./.',(6&+486&77G.8-GQ.*(()(6. 1/)=,8,)+8);(6.8&,4&'&+4&+D/.2-7&(,)+85&4. (6./.-+4./ 3M6,8&'5&DG.*,(.4&8(6..+8,)+/)=,8,)+ 9.=./.+4&((6.' )/G.8)6+8<&' M6,8&'86&77+)(*)5.,+())1./&(,)+-+7.88&+4 -+(,7(6.)=./+)/+)(,;,.8GD/)*7&5&(,)+1-G7,86.4,+(6. &Y.((.(6&(,(,8f,8&Q.8(DR817.&8-/.+)(()4,8&77)' (6.8&5.&+4(6./.&;(./,(86&77*)5.,+())1./&(,)+)+ 8-*64&D&8(6.)=./+)/86&77+)(,;DGD(6.8&5.)/&+D )(6.//)*7&5&(,)+

PAGE 69

t)BM K% &88.+( )t*t+ B(6-+. &';-/(6./()&5.+4(6.4-7(./&(,)+&'E 9&'3:);E< K % b,(.+&*(.4GD(6.)=./+)/&+4.2,87&(,=.)-+*,7 );&5&,*&&8;)77)'8PM M.*(,)+A);(6.4-7(./&(,)+&'E9&'.1.&78.)(,)+ 3:);E<,86./.GD/.1.&7.4&+4(6.;)77)',+2.*(,)+,E&+48-G@ 8-G8(,(-(.4(6./.;)/PM 8 b T$'g AM9<6.)=./+)/,+/,=D)-+*,75&D&;(./8-*6 .+_-,/D&86.4..58+.*.88&/D5&>./.2-7&(,)+8PM 9&< )/4.(./5,+,+2'6&(4.;,*,.+*D,+&+D+)/5&7 *)+8(,(-.+(8);&+D&/(,*7.);;))4)/4/,+>86&77 ;)/(6.1-/1)8.8);(6,8&'/&,8.&1/.8-51(,)+ -+(,7(6.*)+(/&/DG.1/)=.4(6&((6.&/(,*7.,8 +)(2.+-,+.)/,8,+Q-/,)-8()6.&7(6 9G

PAGE 70

3 Kt)B% -bft$f%=!b!$ff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

PAGE 71

t)EM &88.+( f )t*t+ B(6-+. &'/.7&(,+2()(6.+8(,(-(.);&5&,*& K > % BFf,(,8.01.4,.+(().+*)-/&2.(6.1-/8-,();/.&5G7. 7,(./&(-/.8*,.+*.&+4&/(,+&5&,*&P .,(.+&*(.4GD(6.)=./+)/&+4.2,87&(,=.)-+*,7 );&5&,*&&8;)77)'8PM M9<6./.86&77G..8(&G7,86.4&)&/4;)/(6.5H(,(-(5+a? .+*)-/&2.5.+();7,(./&(-/.8*,.+*.&+4&/( )=./+)/8;)/ (6.+8(,(-(.); &5&,*& 93<6.)&/486&77*)+8,8();('.7=.5.5G./8.,26(); '6)586&77G.+)5,+&(.4GD(6.)=./+)/ )-/);(6. 5.5G./88)+)5,+&(.4GD(6.)=./+)/86&77G.8.7.*(.4 ;/)5(6..7.*(.45.5G./8;)/(6.(,5.G.,+2);(6..2,8C 7&(,=.)-+*,7);&5&,*&6.;)-/)(6./5.5G./886&77 G..7.*(.4GD(6.5.5G./8);(6.+8(,(-(.6.5.5G./8 );(6.)&/486&776)74);;,*.;)/;)-/D.&/84&(,+2;/)5(6. /.81.*(,=.(,5.8);(6.,/+)5,+&(,)+V)/.7.*(,)+&+4 86&77G..7,2,G7.;)//.@+)5,+&(,)+)/.7.*(,)+

PAGE 72

3 Kt)E% -?t&f!ff$f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
PAGE 73

-?t&f!ff$f% Kt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b)1-/1)8.8 );(6.+8(,(-(. ++-&72/&+(,+ &,4);+8(,(-(. **)-+(8()G. >.1(&+4 &-4,(.4 ++-&7/.1)/( );+8(,(-(. ;;,*./8);(6. +8(,(-(.(6.,/ 8(&(-8&11),+(V 5.&(&+4/.5-C +./&(,)+ b-(D);(6. )&/4&+42.+C ./&7&+481.*,&7 1-/1)8.8()G. .;;.*(.4

PAGE 74

# -?t&f!ff$f% -7.8);(6. +8(,(-(.6)'() G.5&4.&+4 .+;)/*.4 Kt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

PAGE 75

-?&f!ff$f% Kt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

PAGE 76

A Kt)E% -?t&f!ff$f% .1.&7` 6)/(,(7. BM6.&'85.+(,)+.4,+(6.8*6.4-7.()(6,8&' &/.6./.GD/.1.&7.4()(6..0(.+(5.+(,)+.4,+(6.(6,/4 *)7-5+);(6.8&,48*6.4-7. EM6,8&'5&DG.*,(.4&8(6.+8(,(-(.);&5&,*& &' fb t));&' ,(7.);&' 0(.+();.1.&7 &'33);EB +8(,(-(.);&5&,*&&'EB 6.'6)7.&' &'#);EE 6.+8(,(-(.);&5&,*&&' EB5.+45.+(&'EE 6.'6)7.&' &'); 6.R+8(,(-(.);&5&,*&&' EB5.+45.+(&' 6.'6)7.&'

PAGE 77

t)M &88.+( K% )t*t+ B(6-+. &'()&5.+4(6.,=,7./=,*.I,4)'8&+4/16&+8 .+8,)+8&'#9&'3);#< K % b,(.+&*(.4GD(6.)=./+)/&+4.2,87&(,=.)-+*,7 );&5&,*&&8;)77)'8PM M6,8&'86&77G./.&4&+4*)+8(/-.4&8)+.',(6 &'()G.*)+@ (6.,=,7./=,*.I,4)'8&+4/16&+8.+8,)+&'# f (6&' 9&'3);#<6./.,+&;(.//.;.//.4()&8(6.1/,+*,1&7 &'&+4&+D&'8&5.+4,+2(6.8&5. 3M-G@8.*(,)+9<);.*(,)+#);(6.1/,+*,1&7&' .1.&7);-G@ ,86./.GD/.1.&7.4&+4(6./.86&77G.8-G8(,(-(.4(6./.;)/a;; (6.;)77)',+2-G@8.*(,)+ 1/,+*,1&7&' &+4-G8(,(-(,)+ );+.'-G@ 9<771.+8,)+8&**/-,+2&;(./(6.(6,/(D@;,/8(4&D8A( );&/*6)+.(6)-8&+4+,+.6-+4/.4&+4 (6,/(D86&77G.*)51-(.4,+&**)/4&+*.',(6 (6.(&G7.8&++.0.4()(6,8&'+.=./D *&8.,+'6,*6&*6,747.88',4)'./)/G&*6.7)/

PAGE 78

3 Kt)% -1*#*bt%fb6f5t !b!$f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

PAGE 79

9t)< If M;7< ftf 1&D&G7.GD)+(67D+8(&75.+(8'6,*6& #/1t"tt ',778.*-/. ;t M+4./(6,8&G7.I6.+(6.',7.);&)+(/,G-()/4,.8&+48-*6)+(/,G-()/ 5&//,.8&2&,+(6.1.+8,)+()6,8',4)'86&77G.*&7*-7&(.4&8,;6.6&4;,/8(G.*)5. & )+(/,G-()/)+(6.4&D&;(./(6.4.&(6);(6.1/.=,)-8',;.O 9...*(,)+3E);&5&,*&&'3);#< -1*#*bt%fb6f5t !b!$f% f" # f-8G&+4 +.0( ,/(6C 4&D : 3 3A : # #: : :: A A: A # B : : BB 3A 3:E A # :BB A B A# 3# #AA A: 33 3# A # :: B :E 3: A 3 ## A3 3## 3E: AE :#B E E B E #E :A E:: 3:# 3EB EB :3:A EE #: 3 #3 # # BE 3B 3BA3 ABA : 3 E#E E E ## ##3 B3 3 3AA :#A ##B EA EB: :3 :A A EB A#B 33 3:A# #3: #B: 3 BEA E#3 B A :3 # :EB #A 3#A #A#B B:E E3 EE BE E# :3 EBA 3E : #: # B BE3 E: # AE B #B EE 3 EA #:B 3: B: B: E B 3 3 #E B#3 3 3E: #3: A AE B3: BEB EB #B A# ABE 3#3 3EE3 #B: + A:: AB B:B E# :3 AA 3A: 3BBE B E A AB B3B EA : : 3:E ::: EE 3AE E A: A## AE BB# EBB B A ## 3:E# AAE 3 :E A AB B#3 E# B# :: # E: 3#EE :A ::E :: A## B E# 3 : B3 BA 3 #B 3 :A :B AE AE3 BB E A # AE 3 E :A :# :# A:# B E:A B 3: A3 3E :: # #B :3E :B A3E B E3 BB 3A ::: 3 P: #B :E :#E A AE BEB B :A # 3 3B A #A3 #E :3A :B A:3 B:# EE A #3B # 3BEA B ##: #B :: ::: A3: B3 EA :B A# EA: 3AAB E #3E #: #E# :3 :E AE E3 # BE 3:: #3 # #A# : :B A:E BE3 A ## AB 3#A `# A #: ##: #EB :#: A3B B#: B E# A 3 E E #3A #A: :3 :B BB EB Q 3# : 3A 3 A# E #B ## #: :AE AB E3E A: ##B 3 #E A# EE #33 #B : A: BE# B AA E # # #B B #3 ##B : A B# : EB EAA @#: : E3 #3: #E# :A AB E# B:# A A A A# ## #: : A:B E# # A: & B B # 3 #B E# #: : A3 BA B: :: E EB # E AA ## #E# :EB B: # #A3 BE E# A A # # #: ::A B :B BB `S: A 3B: E: 3 B: #: :3A AB B 3A AA B: 3E B :B # # A# E: 3 3 : :E AB BE # #B : E3 #E #: : : AE 3# B ##E :AA B:: B # B #3 : : BB :: #3# :# B 3 :: 3 : # : A: : E #3 :: AA : A 33 3E A 3## :A E3 33 E3 #BB A E3 B : 33 3 B #E 3B B A3 #:3 :: EE E E # 33 # : #: #3E :A3 BE 3 E : 3 # E 3E #A : B#3 A A 3 A 3B # AB E: :3 A A 33 3 :: AA #BA A: 3 E# B # : 3A 3#: E: # #: A33 B E: 3 B 3B #3E :EE # B# E EA 3 A3 B #B ::A

PAGE 80

If M9< ftf 1&D&G7.GD)+(67D+8(&75.+(8'6,*6& #/1t"t t& ',778.*-/. # t)% -1*#*bt%fb6f5t !b!$f% .); f" # f-8G&+4 +.0( ,/(6@ 4&D : 3 3: : # #: : :: A A: : #3 BA :: B3# 3 3# E#A A A: B A# :A ## A# 3 3 3A B3 B B# 3# E :E E# 3 3E# : E b EE b # E AB B# :33 BBE 3# 3A: #B t EAA b A: # 3E# #A# BE 3# 3:EE A 3 E: t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t 3 : :E AB BE 3 3 ## : #A :E B## #: : : AE E3 3 B #: ::E B# # B #3 3: : B3 3 B A# #3 :: AE: :: 3 : # : A# E3 B : #: : A:E 33 3E : ## :A B3 B B E # A B : 33 3E B #E A# EB 3: E #B# A E E # 33 # :A BB A #:B : 3 E : 3 #E AE :A ##3 :B: A A 3 A 3B # A #A #3 :: A 33 3 :3 E# A #B :# 3 E# B # : 3A ## B: 3A #: :3B B E: B AB A # A # B# E EA : E E #: ;t P+4./(6,8&G7.'6.+(6.',;.);&)+(/,G-()/4,.8&+48-*6)+(/,G-()/@ 5&//,.8&2&,+(6.1.+8,)+()6,8',4)'&77G.*&7*-7&(.4&8;)77)'8PM 9&
PAGE 81

-7(,17D(6.&5)-+();(6./.2,8(./.41.+8,)+GD(6._-&+(,(D;)-+4;/)5&G7. *)//.81)+4,+2()(6.&2.+.0(G,/(64&D);(6.6-8G&+4&((6.4&(.);/.5&//,&2. &+4(6.&2.+.0(G,/(64&D'6,*6(6.7&8(1/.*.4,+2',;.')-746&=.&((&,+.4G&& 86.8-/=,=.4()(6&(4&(.^5-7(,17D(6.1/)4-*(8))G(&,+.4GD(6._-&+(,(D ;)-+4;/)5&G7.*)//.81)+4,+2()(6./.81.*(,=.&2.8);(6.6-8G&+4&+4);M (6.8.*)+49)/8-G8._-.+(<',;.&((6.4&(.);(6./.5&//,&2.6./.8-7(2,=.8 (6.1.+8,)+()G./.*)/4.4)+(6./.5&//,&2.);(6.)+(/,G-()/,+/.81.*();6,8 1&8(*)+(/,G-(,)+8 -1*#*bt%fb6f5t Kt)% !b!$f% If M9< ftf 1&D&G7.GD)+(67D+8(&75.+(8'6,*6& Af 1t"t );1&D&G7.GD)+(67D+8(&75.+(8',77.*-/. 2. ); $ % f" # f-8G&+4 +.0( ,/(6C 4&D : 3 3: f : # #: : :: A A: : E3 3AE B : B: 3: 3B: 3EBA AAA #EE A:#E A 3 : #A3 A:B : 33B# 3B:A : #AA AE B E3 :B A :E: E3 3E 3A#A B ##E AA E : B A : B:B 3 3: # : 3 A :A 3E3 #: AE 3 3#B #E :BE 3 # B B 33 3 A: A 3#3 3BB AE ::A B: A BB :#A EA 33: 3E:E EB :## 3 EB3 : E 3E 3B #E BA3 3A 3B# AB ::E EE EE BA E 33B # A 3B# 3A : #BA # E# EA B E B: A A 3: A #B: 3: BB3 E3: EB 3B : :: B 3# A #A: A B # B E:B : BE 3# #E: EB 3 E ##E B B B:: E3 : #3 B: 33A #3A# E AB B3 BE EAE E: # :: AB: 3# 3EEB #: A# A B#E E # 33 A 3#B 3BAB E AB A:E B3 BEE E : 3B : : 3A## B:B :E A3E AB B: E#E E3 A: ##A E:# 3: AE 3 :A3 :E A#B B# EA # E B BA# 3# ## :B :B AB AB BAB EEE :# # AB# 33E 3A # : :# :EA A#: B3E E#3 3: : 3AB B A #E: :B ::A A A BE # B :B 3:# 3: A #AA # : :E3 A:: B:A B #3A #A 3BB B ##: #B :# :: A3 BA E:3 #A #B E 3AB E #3 # #A #BE :# :EE ABA E# EA 3B B 3#B #3 #33 #: #: :: AA B:: 3B : A3B 3 # E E #A #AA :3 :B BE EA :3 3E# :E B: # #A #EB ::E A: E3 ## #E 3# 3 B : BA # #:A :33 A: B:B B B B :3 E3 #3A #EA :B B 3 BA # 3E 3 :B A #: : A: E3 3: A3B #: 3BE 3E B 3 AE #E # : BAA : #: A 3A3 3A 3EA #3 EE #:# :: B: : B B 3#E 3:# 3A: 3EA A :E #E :B A#E EB :B E 3 3A 3#B 3A: 3 E: #AA :# E : 3B 333 3 3#E 3B : :: #3E :#: B :3 : 3 3E 3: 33E 3: 3E 3: 3 # AA :E # 3 33 3:B 3B :E #: AB EAE 3 BB E EA # 3 3A 3B A #3 :# BE# A# AB B B 3: 3#B 3A B3 #: B: # : :# A A: BA A 33# 3AA : ## A3 :: E #3 #A : : BB 33 3 3 # ::E A : E B ## :E E 33 3A# #E # B : E :E E: 3 3 #3# E : : 33 B A E 3A A: EA E : A B B A 3 A B# BA BE E E: E # # E 3:: A A3 A# AA A B E #B 3 3 #B #E # : : :A A B EA A # : B #3 #E :E B: # A B B E # E :3

PAGE 82

A 9t)% -1*#*b@+%fb6f5t !b!$f% If M9< ftf 1&D&G7.GD)+(67D+8(&75.+(8'6,*6& Af1t"t );1&D&G7.GD)+(67D+8(&75.+(8',778.*-/. 2. ); f" # / +.0( ,/(6 4&D : 3 3: : # #: : :: A A: : E #: 3 #B3 BA : 33AA 3BA # #:E A E 3 3 3 EB # AB EA 3B 3AA : #3 B : A# 3 #: B :AE BEB 3EE 3: AA #A: ME 3 A 3# 3 3 : B: 3 3## A B 3 E# : 3B ##3 A## E 33 3A BB ]3 # E # A 3: E# :BA E 3E: 3BBE AE EB #3 3 B3 BB 3A :B B: 3E# 3A : #E 3 EA 3 A 3 A ## AB3 E 3:A # E3 E A 3 EB E B: : 3# # BEA E 3A E E #: B : :3 EB 33E A 3: B: B E # # B ## #A3 BE 3A# 33# A BB B :A E E A: #A :B E# A AA 3:# 3BE B AEA B 3 B A3 E 3: E E :E :3 3A:E E A:: A EE B 3E B EA EA3 A3 BB AB :A E:A 3: A3A A :A A : B #E E33 A E # ### BAA 3## :B A 3: A A3 B BE3 EAE E #3 B3 ABE 33B :AE : A A A B# B#3 E3 EA : 3:: 3 :# : AB A A #3 BA BE EEA 3 : 3A : : : B A AB B# E#3 BA A# #A # #EE : 3 : # : E A# B BE 3# : E: : #A: # EB : : : A AA: B:A EB # EA A# A ## # A # EB : 3# :AE A B: E3A E A :E B #33 # # # A # B :E :B ABA BE 3A : #EE E #3 # # # B :E :A# AB BB EB E: # E B # : # # #B : A A# E3# # A# BA # B #: : :AA A: BBA :A 3A #A :# AE #3 #A : A3 B E# 3 : #E AE E #E #B :B AE# EB :A 3 E 3 #B B # #A: :: A BE# E# # 3: 3 3B : E: ## : :A B E #: 3BE 3 E: 3 : E A #A #AE ::: AE E:B A 3A3 3 A 3 BE 3 B B BE #A :: A: E B 3#A 3 :# 3 A 3 B 3EE # : #A #BE : B#B E 3 3 A 3 #: 3 :: 3A 3 3A BB ### :# A 3B 3 3 3 3 3:3 3B # # : A## : 3 3 E 3 : 3 3# 3A 3: 3E E3 #B :E # 3 E 3 3 3:E 3B :3 ## :: 3 BB E EA # 3 3B 3E 3B 3 : A# AB B B EE 3 3 3: 3B AB #AE # : :# A A: B E: 3 33 3B : #3B :: E #3 #A : : A E 3 3#B # EA A 3: E 3 B ## :3 AB EE 3 3B # B : E 3 # # AE B 3# # E 3 : : # B 3 3BE EA E 3 : : : B 3# A B# BA BE E E: B E :# 3# A A3 A# AA A B E # AB 3 #B #E # : : :A A A E 3 # : B #3 #B :: A E # A B B E 33 # A #A

PAGE 83

Kt)% If M9< 9..+)(.&(6.&4);&G7.9<,+*)++.0,)+',(6(6.*&7*-7&(,)+);1.+8,)+8&( /.5&//,&2.< 6. #/ -+7/,4-(,)+F'6,*6<',778.*-/.& Af .+8,)+); 1&D&G7.GD)+(67D +8(&75.+(8 -1*#*bt%fb6f5t !b!$f% 2. ); f-8G&+4 +.0( )/ f" # ,/(6 4&D : 3 3: : # #: : :: A A: : A E: BB AA :E : # A A # EBE BA A AA :3 #3 # A B B# B B B E3# B3 A3 :# ##E :B BE E # A 3 B E:3 B: A:B :A3 #A B EB :: A A EE3 BB AE :E: # EA E 3 E # B : EE B A :3 # E 3#3 E 3 # @#B E# B# AB :: #3 3 3 3 :: B E3 EB: BB AA# ::E # 3 ## 3E 3 3 E# A3 :E3 #A #A # # 3 : A# A3 A E# B3 AA #E A 3: #A E: # 3 : E EE B# A :A BA A :3 ## A : : 3 BE A:: : B :E : #3 B# A E# AE3 ::: #B E A#: :A: #B B : E: B :E #3A B3 A# :# # B # E B# AA ##: BB B A: #: : 3# E BB# A #AA E: BB AB3 :A: #3 E B E AA #E 3 #3 E#E B#: A #E# # E # E: A : 33E E3 B :: # 3 A3 E B3 : # 3 3E BB A3 #A E: B: :AB : 3 3 E# E#3 A3 :3# #3 A B# BEB :B A 3BE 3B 3B BB : ## # E33 A3 B 3B 3AE 3A 3E E:3 AAB #B 3B B EA AA E 3#A 3:E 3:3 3 #3 B#: :# 3 A 3:: 3#:B 3#B 3E 33E E3: A B # BB # 3A 3::E 3#: 3 33 E AE# #:A 3 BBB 3B3: 3AA 3::E 3## 333 3 BA# :3B E # E 3 3EB 3BA3 3AA 3: 33 3 E#E A # EA 3: 3E:B 3BA3 3AE 3#3B 3E #3 AE ## # E # 3 3: 3E:B 3BB 3:E 3 3B BA #B: : #: : AB 3: 3EB 3A: 3## 3 W7 E#3 :: : A :B B: AB 33# 3BA3 3: 3 Q7 A #: B AB E B: 3EB# 3A 3#3 3A B B E #E# # B #: 3BA 3B#B 3#: 3 BE ## # :B :3 :B EA 3EB# 3::E 3 EA : : BB AA : AB : 3# 3AB# 7 f f : : :E 3# E B: A3A #E# A 3B 3#3 3# A: 3 3 : EBA B#: :B #3: 3: 3B 3: 33 B3 ## #E3 # EA B :#A 3A 3333 B3 # # # # E# EA ABA #3: :: 3B#B 3: EA #A :: #AB #:: #: E# BEE :#A :B 3E:B 3# # :3 A #:: #EA #:: #E A ABA AB 3AB 3: 33E :E B #A: #:3: #EA # #3 BEE #E# BB 3A 3 A E # E# #AB #:3: ##E #A A A : 3B 3EE AE #: #EE #A: ##E# #EB # B 3E 3A3 B $A : #: #BE: #A ##: #AB E#A # 3E 3 BE :3A : #3A #BA3 #:3: # AE :3 3BA 3E E#3 3 :#33 :: :BA #EE #A: ##3: #: AA AB 3#A EE ::E3 :#: :: :: #BE: #:A #3 B#: A: 3:E :B :B#: :::A :BA :E #A #AE ##E EA #B 3A 3

PAGE 85

b t)3M f &88.+( bbt )t*t+ 3/4b.*.5G./H I()&-(6)/,8.(6./&,8,+2);&)&+;)/(6./.7&D,+2);;-/(6./ 1)/(,)+8);(6.(/&*>);(6.&5&,*&)=./+5.+(&,7'&D K78, ff % f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

PAGE 86

3 117,*&(,)+); 7)&+ /)=,8,)+&8() 8,+>,+2;-+4 /,+*,1&75)+.D8 &+4,+(./.8( )6&/2.4)+ 2.+./&7/.=.+-. +8*/,G.4()*>&'39&');3<)/-+4./(6. 1/)=,8,)+8);(6.)*&7+8*/,G.4()*>&'E9&' B);E<&+4&+D&'&5.+4,+2(6.8&5.)/-+4./ (6.1/)=,8,)+8);(6.)*&7b.G.+(-/.&'3:9&' );3:<)/-+4./(6.1/)=,8,)+8);(6.&,8,+2);)&+8 944,(,)+&7)'./8<&'3B9&'#);3B< 3M6.8&,48-5);(6,/(D@(')(6)-8&+4;,=.6-+4/.4 1)-+4886&77G.-(,7,8.4,+1&D,+2(6.*)8();/.7&D,+2 8-*6;-/(6./1)/(,)+8);(6.(/&*>);(6.&5&,*&)=./+C 5.+(&,7'&D&8&/.-/2.+(7D,++..4);/.17&*.5.+(&+4 );)(6./+.*.88&/D')/>,+*)++.*(,)+',(68-*6/.7&D,+2 M;(6.7)&+6./.GD&-(6)/,8.4)/&+D1&/((6./.); 86&77G.,88-.4-+4./(6.1/)=,8,)+8*;(6..+./&7)&+ &+4+8*/,G.4()*>&'39&');3<)/);(6. )*&7+8*/,G.4()*>&'E9&'B);E<)/&+D &'&5.+4,+2(6.8&5.)/);(6.)*&7b.G.+(-/.&' 3:9&');3:<(6.+(6.*)+(/,G-(,)+()8,+>,+2 ;-+4&8*)+(.517&(.4GD.*(,)+8&+43B.*(,)+8B &+4E&+4.*(,)+#/.81.*(,=.7D);(6)8.&'886&77 *)55.+*.)+.D.&/&;(./(6.4&(.;/)5'6,*6(6.,+(./.8( )+4.G.+(-/.8)/8()*>()G.,88-.4-+4./(6)8.&'8 86&77G.2,+()/-+ #M6.1/,+*,1&75)+.D8&+4,+(./.8(8.*-/.4GD(6.@ 4.G.+(-/.8)/8()*>,88-.4-+4./(6,8&'&/.6./.GD *6&/2.4-1)+&+486&77G.1&D&G7.)-();(6..+./&7 .=.+-.&+488.(8);(6.)=./+5.+();&5&,*& :M6,8&'5&DG.*,(.4&8(6.&,7'&D9 -/(6./ .7&D,+2);/&*><)&+&' Kt)3% -.f%f 0=.f/t&-fB < $tf$f% 6)/(,(7.

PAGE 87

b t)3M &88.+( bbt )t*t+ 3/4b.*.5G./ &'()8.*-/.&1.+8,)+()5)8f&/=.D*&6&+ '6);)/&+-5G./);D.&/88./=.4,+(6. -G7,*I)/>8&+4&+48b.1&/(5.+();(6.)7)+D f&.8)7-(,)+()(6.;)77)',+2.;;.*(PM/.&5G7. 6&((6,8)-+*,7*)55.+48()(6.;&=)-/&G7. *)+8,4./&(,)+);(6.)=./+5.+(;)/&1.+8,)+)/ *)51&88,)+&(.&77)'&+*.,+/.*)2+,(,)+);6,8=&7-&G7. 8./=,*.8()(6.)7)+D/5)8*&6&+ '6) ;)/(6.2/.&(./1&/();6,81/);.88,)+&77,;.8./=.4,+(6. -G7,*I)/>8&+4&+48b.1&/(5.+(/.81.*(,=.7D',(6 *)+81,*-)-8&G,7,(D&+44.=)(,)+G-('6),8+)',+ /.4-*.4*,/*-58(&+*.8&+44,8&G7.4GD1./5&+.+(G7,+4+.88 ;/)51-/8-,+2(6.1/&*(,*.);6,81/);.88,)+6&((6,8 )-+*,7&11/)=.8);(6.1&D5.+(()/*&6&+); &1.+8,)+&((6./&(.);Z31./&++-5&8;/)5(6.( 1/,7&+4&-(6)/,8.8(6.1&D5.+();(6,88-5 1.+4,+2(6.1&88,+2);(6.+.*.88&/D&'()2,=..;;.*( (6./.()M'&81&88.4GD(6..2,87&(,=.)-+*,7)+(6. (.+(64&D)1/,7)+.(6)-8&+4+,+.6-+4/.4&+4 (6,/(DP WO6.4&D);(d WXf,8&Q.8(D 6.4&D);(6.4&(.);&+D/)*7&5&(,)++)(,;D,+2(6&( f,8&Q.8(D',77+)(.0./*,8.6,81)'./8);4,8&77)'&+*.

PAGE 88

3 Kt)3% -5t5t*t 0!tCf*)ff < $f% .+8,)+1/)C =,8,)+()5)8 f&/=.D *&6&+ 6)/(,(7. )5,+2,+() )1./&(,)+); &' .,(.+&*(.4GD(6.)=./+)/&+4.2,87&(,=.)-+*,7 );&5&,*&&8;)77)'8PM M8;/)5(6.;,/8(4&D);1/,7)+.(6)-8&+4+,+. 6-+4/.4&+4(6,/(D(6./.86&77G.1&,4()(6.8&,45)8 f&/=.D*&6&+;)/6,87,;.;/)5(6..+./&7.=.+-.8 );(6,8)7)+D&1.+8,)+&((6./&(.);)+.6-+4/.4&+4 ('.+(D1)-+481./&++-5P/)=,4.4&7'&D8(6&(8-*6 1.+8,)+86&77G.4..5.4()G.&1.+8,)+2/&+(.4-+4./ (6..+8,)+&'#9&'3#);#<)/&+D&' 1&88.4,+&5.+45.+((6./.);)/8-G8(,(-(,)+(6./.;)/ &+486&77G.8-GQ.*(()(6.1/)=,8,)+8);(6.8&,4&' &+4(6./.2-7&(,)+85&4.(6./.-+4./ 3M6,8&'5&DG.*,(.4&8(6..+8,)+/)=,8,)+ 95)8f&/=.D*&6&+<&' M6,8&'86&77+)(*)5.,+())1./&(,)+-+7.88&+4 -+(,7(6.)=./+)/+)(,;,.8GD/)*7&5&(,)+1-G7,86.4,+ (6.&5&,*&&Y.((.(6&(,(,8f,8&Q.8(DF817.&8-/.+)( ()4,8&77)'(6.8&5.&+4(6./.&;(./,(86&77*)5.,+() )1./&(,)+)+8-*64&D&8(6.)=./+)/86&77+)(,;DGD (6.8&5.)/&+D)(6.//)*7&5&(,)+

PAGE 89

b t) M &88.+( 9% bbt )t*t+ 3/4b.*.5G./ &'()=&7,4&(.(6.-/D,8(;)/(6.1&/,86);&,+( &5.8;)/(6.D.&/@ K8( ff % f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

PAGE 90

6)/(,(7. +&5.8(6.')/481.*,&7-/)/8O&/.1/,+(.4G.(6. 1.*,&7-/)/8&+4&8/.2&/48(6./.5&,+4./G.(6. )55)+-/)/8_-&7,;,.4&+47,&G7.()8./=.)+(6.-/D ;)/(6.1&/,86);&,+(&5.8;)/(6.D.&/@&+4 (6.,8((/&+85,((.4&8&;)/.8&,486&77G.&+4G.4..5.4 ()6&=.G..+&82))4=&7,4&+4.;;.*(-&7()&77,+(.+(8 &+41-/1)8.8'6&(8).=./&8,;&77(6./._-,/.5.+(8);(6. -/D&'EE9&');EE<6&4G..+8(/,*(7D ;)77)'.4 3M6,8&'5&DG.*,(.4&8(6.-/D,8(9&,+( &5.8<&7,4&(,+2&' Kt)33% -$D#ff!2
PAGE 91

b t)3ME &88.+( K% bbt )t*t+ B(6&+-&/D I;-/(6./()&5.+4(6.&((7./.81&88&'EEE &');EEE K: ff % b,(.+&*(.4GD(6.)=./+)/&+4.2,87&(,=.)-+*,7 );&5&,*&&8;)77)'8PM M6,8&'86&77G./.&4&+4*)+8(/-.4&8)+.',(6)+8(/-*(,)+ (6.&((7./.81&88&'EEE&');EEE&+4&+D &'&5.+4,+2(6.8&5. 3M6.1/)=,8)()8.*(,)+(6/..);(6.8&,4&'9&'5.+45.+( );EEE<,86./.GD&5.+4.4GD&44,+2(6.;)77)',+2);,888;&' ')/48&+486&77,;/._-,/.41),+()-((6.7)*&(,)+);(6. 4&5&2.8*)517&,+.4);JG.('..+(6.')/488&5.J&+4 &+4J,+7,+.8,0(6./.); M6,8&'5&DG.*,(.4&8(6.&((7./.81&88 86)/(,(7. &'5.+45.+(&'

PAGE 93

b t)3#M &88.+( f bbt )t*t+ B(6&+-&/D I;-/(6./()&5.+4(6.&/,+.)&/4&' 9&'A);< K:;. ff % <,(.+&*(.4GD(6.)=./+)/&+4(6..2,87&(,=. )-+*,7);&5&,*&&8;)77)'8PM M6,8&'86&77G./.&4&+4*)+8(/-.4&8)+.',(6)+8(/-*(,)+ (6.&/,+.)&/4&'9&'A);<6./.,+&;(./ *&77.4(6.1/,+*,1&7&'&+4&+D&'8&5.+4,+2(6. 8&5. 3M.*(,)+E);(6.1/,+*,1&7&',86./.GD/.1.&7.4.1.&7);8.*(,)+ &+4(6.;)77)',+28.*(,)+8-G8(,(-(.4(6./.;)/PM'&+4H-G8(,@ EM6.&/,+.)&/486&774.7,=./().=./=(-(ST+),d+." @8.*(,)+(6./.;)/ &117,*&+('6)6&81&88.4(6..0&5,+&(,)+ 8&(,8;&*()/,7D)/)(6./',8.8&(,8;,.4(6.&/,+. )&/4);6,8*)51.(.+*D()&*(&8&8(./&(. ,/8(+2,+../)/.*)+4+2,+../&+46&8 2,=.+8&(,8;&*()/D.=,4.+*.);6,88)G/,.(D.0C 1./,.+*.&G,7,(D&+42.+./&72))4*)+4-*(& *./(,;,*&(.96./.,+&;(./*&77.4&*./(,;,*&(.); *)51.(.+*DO<,+(6. )/5,+&/();(6.

PAGE 94

3 Kt)3#% -f4tfb=!b!$f% .1.&7);8.*(,)+ #);1/,+*,1&7 &'&+48-G8(,C (-(,)+);+.' 8.)(,)+(6./.;)/ 8*6.4-7.()(6,8&'()(6..;;.*((6&(6.,8 *)51.(.+(()&*(&8&8(./&(. ,/8(+C 2,+../)/.*)+4+2,+../);&)&8(,+2)/f)5. /&4..88.7J M.*(,)+#);(6.1/,+*,1&7&'&8&5.+4.4GD 8.*(,)+3);&'A);#,86./.GD/.1.&7.4&+4(6. ;)77)',+28.*(,)+8-G8(,(-(.4(6./.;)/PM J#Mt);)/.,2+(/&4./,(,8686,1+)/&+D/,(,86 86,1.517)D.4,+(6.f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

PAGE 95

);;.+*.)+*)+=,*(,)+1&D&;,+.+)(.0*..4,+2 )+.6-+4/.41)-+48&+4,+4.;&-7();1&D5.+( G.,51/,8)+.4',(6)/',(6)-(6&/47&G)-/;)/ &+D1./,)4+)(.0*..4,+28,05)+(68J #M.*(,)+#);(6.1/,+*,1&7&',86./.GD/.1.&7.4 &+4(6.;)77)',+28.*(,)+8-G8(,(-(.4(6./.;)/PM -O#M9<=./D/,(,868(.&586,1)/5)()/86,1.+C 2&2.4,+(6.)&8(,+2/&4.86&776&=.,+ &44,(,)+()(6.&8(./1/)=,4.4;)/,+(6.1/.C *.4,+28.*(,)+&++2,+../1)88.88,+2&*./(,C ;,*&(.);*)51.(.+*D;/)5(6.&/,+.)&/4)/ -*6)(6./*./(,;,*&(.&8(6.&/,+.)&/486&77 &11/)=. 93<=./D/,(,86f)5./&4.5)()/86,1); (')6-+4/.4G/&>.6)/8.1)'./&+4-1'&/48 &+4.=./D/,(,86f)5./&4.8(.&586,1);)+. 6-+4/.4+)5,+&76)/8.1)'./86&776&=.&8,(8 ;,/8(&+48.*)+4+2,+../8(')*./(,;,.4+C 2,+../8(6.;,/8(1)88.88,+2&;,/8(*7&88+2,+../R8 *./(,;,*&(.,88-.4GD(6.&/,+.)&/4)/8-*6 )(6./*./(,;,*&(.&8(6.&/,+.)&/486&77 &11/)=.&+4(6.8.*)+4&8.*)+4*7&88+2,+../R8 *./(,;,*&(.,88-.4GD(6.&/,+.)&/4)/& *./(,;,*&(.);&6,26./2/&4.)/8-*6)(6./*./(,C ;,*&(.&8(6.&/,+.)&/486&77&11/)=.RF :M6.(./5Of)5./&4.6,1RR&84.;,+.4,+8.*(,)+ A);(6.1/,+*,1&7&'&+4&8&5.+4.4GD&+D&'8 &5.+4,+2(6.8&5.,86./.GD/.1.&7.4&+4(6.;)77)',+2 (./5R8-G8(,(-(.4(6./.;)/PM OSf)5./&4.6,1R,+*7-4.8.=./D=.88.76&=,+2 &7)*&7&/,+.)&/4*./(,;,*&(..+&G7,+26./() (/&4.',(6,+(6.;)77)',+27,5,(8PM t)/(6P(6.1&/&77.7);7&(,(-4.4.2/..8t)/(6 &8(P(6.5./,4,&+);7)+2,(-4.:E4.2/..8 I.8( )-(6P(6.1&/&77.7);7&(,(-4.A4.2/..8 5,+-(.8t)/(6 I.8(P(6.(7&+(,*&+4&/,GG.&+*)&8();(6. 5&,+7&+4);5./,*&G.('..+(6.1&/&77.78); -f4tfb=!b!$f% Kt)3#% .1.&7);.*(,)+ #);1/,+.,1&7 &'&+48-G8(,C (-(,)+);+.' 8.*(,)+(6./.;)/ b.;,+,(,)+); Of)5./&4. 6,1J

PAGE 96

# Kt)3#% -f4tfb=!b!$f% 5.+45.+(); .*(,)+ ); &' b ); f .1.&7);&' ); f 7&(,(-4.A4.2/..85,+-(.8t)/(6&+4 4.2/..8t)/(6J AM.*(,)+#);6.&/,+.)&/4&'9&':@ );<,86./.GD&5.+4.4GD&44,+2&((6..+4(6./.); (6.;)77)',+2')/48PM ),7;-.7)/&+D5&(./,&7;)/(6.1-/1)8.); /.;-.77,+2)/(&>,+2,+'&(./)/8()/.8J BM6.&/,+.)&/4&'5.+45.+(&'3E9&' E);E<,86./.GD/.1.&7.4 EM6,8&'5&DG.*,(.4&8(6.&/,+.)&/4 -/(6./5.+45.+(&' 6)/(,(7.

PAGE 97

b t)3:M K% &88.+( bbt )t*t+ B(6&+-&/D I()-(6)/,8.&)&+()(6.&5&,*&&+&+& /)4-*./888)*,&(,)+,5,(.4 :ff % f(6.)7)+,&7b.=.7)15.+(4=,8)/D/.&5G7. )55,((..6&8/.*)55.+4.4&7)&+); ,;(D 6)-8&+4)-+48;/)5(6.)7)+,&7b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

PAGE 98

3 .1&D5.+(); (6.5)+.D() 1./,&7 /.&8-/D 6&/2.)+ .+./&7.=.+-. &+4&88.(8 )'./()/.C 7.+4(6.5)+.D S()&5&,*& &+&+&/)4-C *./88)*,&(,)+ I6.+5)+.D() G.1&,4()(6. `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b)*,&(,)+&((6..+4);('.7=.5)+(68;/)5(6. 4&(.'6.+(6.8&,47)&+);;,;(D(6)-8&+41)-+4886&77G. /.*.,=.4GD(6.88)*,&(,)+&+4.&*68-G8._-.+(&++-&7 1&D5.+(86&77G.5&4.)+(6.8&5.4&D,+.&*68-**..4,+2 D.&/ Kt)3:% -f!ff4fff5tbtft$!b $tf$f%

PAGE 99

93<;4.;&-7(86&77G.5&4.GD(6.88)*,&(,)+,+ 1&D5.+();&+D&++-&7,+8(&75.+(&((6.4-.4&(.(6. /.5&,+,+28-5)',+2;)/1/,+*,1&7&+4,+(./.8(&((6.4&(. );4.;&-7(86&77,55.4,&(.7DG.*)5.1&D&G7. EM 87)+2&8(6.8&,47)&+);;,;(D(6)-8&+41)-+48 7)&(,+2*6&/2. &+4,+(./.8()/&+D1&/((6./.);86&77/.5&,+4-.&+4&5.());(6h 1&D&G7.GD(6.88)*,&(,)+()(6.)=./+5.+();&5&,*&&(,)+S (6.)=./+5.+();&5&,*&86&776&=.&;7)&(,+27,.+&+4 *6&/2.)+&77(6.1/)1./(D&+4&88.(8);(6.88)*,&(,)+ M6,8&'5&DG.*,(.4&8(6.&5&,*&&+&+&6)/(,(.V /)4-*./888)*,&(,)+,5,(.4)&+&' -f!ff4fff5tbtft$!b 9t)3:% $tf$f%