• Non ci sono risultati.

Lotta politica in Sicilia. I collegi elettorali di Castrogiovanni e Piazza Armerina (1909-1913)

N/A
N/A
Protected

Academic year: 2021

Condividi "Lotta politica in Sicilia. I collegi elettorali di Castrogiovanni e Piazza Armerina (1909-1913)"

Copied!
284
0
0

Testo completo

(1)

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

"#$$#%&$#!"'!%'()%(&!'*!

+,-./!0,12/3/!452!675,8!91.52:;!5!31:,59412;:5;

('(<#!=='> (##%"'*&$%'()!?21@A00;!+16.;:/!+/91:5,,;

!"##$%&"'(#()$%(*%+()('($,%

-%)"''./(%.'.##"0$'(%1(%2$3#0"/("4$**(%.%5($66$%708.0(*$%9:;<;=:;:>?

+5,,125!+3/5:,/B31!"/03/46/:;25!CD+$#EFG %@"##"0$*1"%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%AB#"0 !!!!!!!"1,,A!&6H;:505!(;29561!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!?21@A!%100/!C;2/1!I/-05445 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!?21@A!?;66;!C;231 &::/!JFFKEJFLL

(2)

MNO!)P!452!3;9H/;25!-:;!310;P!1331225!31:103525!3195!6;!310;!0/;!0,;,;!@;,,;P!5!3195!Q;::1 1452;,1!:56!H5:5!5!:56!9;65!316121!3Q5!6RQ;::1!@;,,;A!'6!0161!91.1!./!@;25!416/,/3;!S!3;9H/;25 T-;:,1!S!0,;,1!;3T-/0/,1!.;66;!0,12/;A!I6/!-19/:/!@;::1!6;!0,12/;!3;9H/;:.1!6;!0,12/;A!)!,;:,1 4/U!@;::1!0,12/;!T-;:,1!4/U!6;!3;9H/;:1A <;!0,12/;!310V!/:,50;P!16,25!3Q5!95912/;!.5665!3105!@;,,5P!6;!310/..5,,;!"#$%&'#(!')'*+!,)$%('*+P 3Q5!S!.;,1!65WW525!:5/!6/H2/!./!0,12/;P!S!;:3Q5!6R/:0/595!.5665!3105!@;,,5P!./!,-,,5!65!3105!@;,,5P :500-:;!5036-0;X!./!T-5665!:1,;,5!.;W6/!0,12/3/!5!2/312.;,5!:5/!6/H2/!./!0,12/;P!5!./!T-5665!.;W6/ 0,12/3/ ! ,2;03-2;,5 ! 1 ! :1: ! Y/0,5 ! 5 ! :5/ ! 6/H2/ ! ./ ! 0,12/; ! :1: ! 95:Z/1:;,5 ! 1 ! ;:3Q5 ! 4/U ! 1 ! 95:1 .56/H52;,;95:,5!01,,;3/-,5P!5!:1:./95:1!:566;!25;6,8!;00;/!42505:,/!5.!5@B3;3/A MAAAO![2;!4;00;,1!5!42505:,5P!5!T-/:./!@2;!0,12/;!@;,,;!3195!4;00;,1!5!0,12/;!.;!@;25!3195 42505:,5P!Y/!S!.-:T-5!-:!65W;95!12W;:/31!5!@-:Z/1:;65!3Q5!/946/3;!/6!4;00;WW/1!.;!3/\!3Q5!S @;,,1!;!3/\!3Q5!S!;:312;!,-,,1!.;!@;25P!.1:.5!6;!,2;0@129;Z/1:5!.5661!0,;,1!./!:53500/,8!]6; 0,12/;!@;,,;^!/:!;,,1!./!6/H52,8!]6;!0,12/;!.;!@;25P!6;!416/,/3;^A!MNO!"/!T-/!6R14412,-:/,8!5!6R-,/6/,8P 5!;:Z/!6;!:53500/,8P!3Q5!6;!95912/;!.56!4;00;,1!:1:!0/;!;HH;:.1:;,;!;665!12,/3Q5P!9;!Y5:W; 316,/Y;,;!31:!3-2;!W2;:.5!5!;9125!/:B:/,1A!*1:!3195!52-./Z/1:5!1!/.16;,2/;!./!3/\!3Q5!S!0,;,1P H5:0V!3195!2/3523;!.566;!Y52/,8P!3195!;3T-/0/Z/1:5!./!:-1Y1!0;4525P!3195!@1:,5!./!;YY52,/,; 50452/5:Z;P!3195!31:T-/0,;!./!4/U!;94/!04;Z/!./!6/H52,8P!3Q5!S!T-;:,1!./25!.566;!4100/H/6/,8 .56!@;25!5!.56!:1:!@;25P!.56!3195!5!.56!T-;:.1!@;25P!5!4/U!;:312;!/:!3Q5!05:01!5!452!310;!@;25A C,%D.*1$P!-)!&'#,#.#!/)00&!$%(%*%&!'),#&.(0)!$#1#0#(.&P!/:!_:/Y520/,8!.5W6/!+,-./!./!?;65291P '0,/,-,1!I2;903/!+/3/6/;:1P!2#.3*(.%4(..#!/)00&!$%(%*%&!$#1#0#(.&5!6.!7#0(.1#&!.)00(!8'&$8)%%#9(!/)0 :)/)'(0#$+&P!&,,/!.56!(1:Y5W:1!]?;65291P!J`DJG!9;WW/1!LKKa^P![A!$5250/!];!3-2;!./^P!b-;,,21016/P ?;65291!LKKcP!44A!`LD`A

(3)

-E@-2F

7GG0.4($6("*(AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!' -*#0"1B6("*.AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA44A!''D=' -,%2$3#0"/("4$**(%.%5($66$%708.0(*$H%.)"*"8($%.%3")(.#I%(*%1B.%)"''./(%1( %%%%&0"4(*)($%#0$%%J##"%.%E"4.).*#" :,:,%)9/W2;Z/1:5AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!L :,K,!C1H/6/,8!013/;65AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!d!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! :,>,!(25./,1!;W2;2/1!5!311452;,/Y/091!;W2/3161AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!LJ :,L,!#2W;:/ZZ;Z/1:5!05:Z;!31:e/,,1f!/6!8(%'&.(,)!$;$%)+AAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!JF !!A$G.''.AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!JG !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! --,%M%8$06"%:;<;,%D$1()$'=8$33"*(%.%)'.0()$'(%$''$%&0"4$%1.'%4"#" K,:,!<;!C;001:52/;!,2;!35,1!42142/5,;2/1!5!H12WQ50/;!5952W5:,5AAAAAAAAAAAAAA4A!JK K,K,!'6!./H;,,/,1!:56!91:.1!3;,,16/31!0-66;!4;2,53/4;Z/1:5!565,,12;65AAAAAAAA4A!`G K,>,!(652/3;6/091!5!;:,/3652/3;6/091!:56!31665W/1!./!(;0,21W/1Y;::/ !!K,>,:,!*;41651:5!(16;g;::/!5!/6!0-1!h@5-.1i!565,,12;65AAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!GF !!!!!!!!!!K,>,K,!'6!91Y/95:,1!3;,,16/31!@2;!,2;:0/W5:Z;!5!/:,2;:0/W5:Z;AAAAAAAAAAAAAAAAA4A!GG !!K,>,>,!<;!91H/6/,;Z/1:5!565,,12;65f!,59/!:;Z/1:;6/!5!31:012,52/5!613;6/AAAA4A!Ga K,L,%'6!31665W/1!./!?/;ZZ;!&2952/:; %%K,L,:,%%;./3;6/!5!6/H52;6/!:56!42/91!.535::/1!.56!053161AAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!j` !!K,L,K,%"-5!9;001:/!452!-:!05WW/1AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!ja K,N,!<00)!*'.)=!<;!Y/,,12/;!./!I/16/,,/!5!67;Y;:Z;95:,1!.5/!4;2,/,/!h41416;2/i !!K,N,:,!*-1Y/!421,;W1:/0,/!.566;!035:;!416/,/3;%0/3/6/;:;AAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!dJ !!K,N,K,!'6!25041:01!565,,12;65!./!(;0,21W/1Y;::/!5!?/;ZZ;!&2952/:;AAAAAAAAA4A!dj

(4)

---, %O!"#$%&'"#"(')$*+"*+'),$()$#"#$!"#$!"(*-./)$'#0'*.#0.#1)2H%'P.3*-"'/ 1.(%)$##"'()(%*.''.%.'.6("*(%$88(*(3#0$#(4.%9:;:<? >,:,%<;!@2;W/65!421045,,/Y;!./!-:7;-,1:19/;!416/,/3;! !!!!!!!452!/!3;,,16/3/!;2952/:/AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!a` >,K,!<7#.)/#%&!1&..*7#&f!h6/H52;6D41416;2/i!5!3652/31D013/;6/0,/i!; !!!!!!!(;0,21W/1Y;::/ !!>,K,:,!'6!h4;2,/,1!9-:/3/4;65i!./!*;41651:5!(16;g;::/AAAAAAAAAAAAAAAAAAAAAAAAAAA4A!cF !!>,K,K,!&41W51!.56!h3652/31D013/;6/091i!5!03/00/1:5!.56!91Y/95:,1!3;,,16/31A <5!565Z/1:/!421Y/:3/;6/!.56!LKLFAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!c` !!>,K,>,!_:!,522591,1!416/,/31!031:Y16W5!/6!h@5-.1i!316;g;::51AAAAAAAAAAAAAAA4A!K` !!>,K,L,!$2;./95:,1!1!25;Z/1:5kAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!Ka >,>,!'!h3652/31D013/;6/0,/i!;66;!31:T-/0,;!.5/!9-:/3/4/A! <5!565Z/1:/!0-4465,/Y5!319-:;6/!.56!LKLFAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!LFJ >,L,!>0!1&0&$$&!.&.!8*?!)$$)')!$@/(%&=! !!!!!!!'6!414161!25.5:,1!/:Y13;!/6!.54-,;,1AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!LLL -Q,%7''$0/$8.*#"%1.'%3BRR0$/("%.%0($0#()"'$6("*.%1.''$%0$&&0.3.*#$*6$,% %%%%%%!.%.'.6("*(%&"'(#()S.%1.'%:;:> L,:,%_:!4;50;WW/1!416/,/31!'#:&'+(%&55555555555555555555555555555555555555555555555555555555555554A!LLa L,K,!'6!h4;,,1!I5:,/61:/i!;!?/;ZZ;!&2952/:; %%L,K,:,!"-5!h31665W/!./1350;:/i!;!31:@21:,1f !!!!!!!!!!!!(;6,;:/005,,;!5!?/;ZZ;!&2952/:;A!&@B:/,8!5!./@@525:Z5AAAAAAAAAAAAAAAAA4A!LJJ %%L,K,K,!<;!4254;2;Z/1:5!;6!Y1,1AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!LJc %%L,K,>,!*56!Y/Y1!.566;!3;94;W:;!565,,12;65AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!L`d L,>,!<7/991H/6/091!416/,/31!:56!31665W/1!./!(;0,21W/1Y;::/ !!L,>,:,!(2/0/!.56!h3652/31D013/;6/091iAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!LGJ !!L,>,K,!<;!$&0#%('#(!3;94;W:;!565,,12;65!./!*;41651:5!(16;g;::/AAAAAAAAAAAA4A!LjG !!L,>,>,!A#$%*'7&!/)00(!3*#)%)!8*770#1(A! !!!!!!!!!!!!'6!31:e/,,1%1452;/1!/221945!0-66;!035:;AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!LdJ

(5)

L,L,!<750/,1!.5665!565Z/1:/f!-:;!36;005!416/,/3;!h2/::1Y;,;ik !!L,L,:,!_:!Y1,1!31:,21!I/16/,,/AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!Lda! %%L,L,K,!(;0,21W/1Y;::/!5!?/;ZZ;!&2952/:;! !!!!!!!!!!!!@2;!31:,/:-/,8!5!9-,;95:,1AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!La` Q,%-'%)0(*$'.%G.''()"%*.''$%*+"4"#0)$5'!'-') N,:,!':,52Y5:,/091!5!:5-,2;6/091AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!LaK N,K,!<;!0,25,,;!2542500/Y;!.56!W1Y52:1!+;6;:.2;! 5!67)./&'$)+).%!./!*;41651:5!(16;g;::/AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!LcL N,>,!<5!@12Z5!:5-,2;6/0,5!/:!421Y/:3/;!./!(;6,;:/005,,;f! !!!!!!!013/;6/0,/!5!3;,,16/3/AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!Lcj N,L,!(2/0/!531:19/3;!5!;W/,;Z/1:/!013/;6/ !!N,L,:,!<;!,*)''(!.5665!.1::5!]LKLa^AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!LKJ !!N,L,K,!<;!,*)''(!.5665!.1::5!]LKLc^AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!JFF Q-, %2"*T(##(%3")($'(%.%$'#.0*$#(4.%&"'(#()S.%$''P"0(66"*#.H%'.%*B"4. %/+'#!..% 1( E$&"'."*.%2"'$U$**( V,:,!'6!h452/3161!21001i !!V,:,:,!C1Y/95:,/!013/;6/AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!JFd !!V,:,K,!B)+#1#!(8)'%#!1!(+#1#!#.$#/#&$#!:56!h@5-.1i!./! !!!!!!!!!!!!*;41651:5!(16;g;::/AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!JLJ V,K,!<;!91./B3;!.56!0/0,59;!./!Y1,1 !!V,K,:,!_:;!'#:&'+(!$*00(!7(#&.)%%(f! !!!!!!!!!!!!6;!65WW5!421412Z/1:;65!5!61!032-,/:/1!./!6/0,;AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!JLa !!V,K,K,!<714410/Z/1:5!./!*;41651:5!(16;g;::/AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!JJL 7&&.*1().AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!JJa C"*#(%.%G(G'("/0$W$AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA4A!J`j

(6)

!""#$%&'(&)*&

!"#$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$!%&'()(*$"+,-%./+$0+//*$#-.-*$1$2*3. !4#$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$!%&'()(*$45(6($#-5%7*$1$2*3. !#"89$$$$$$$$$$$$$$$$$$$$$$$$$$!%&'()(*$:-*%(&*$0+/$&*35,+$0($8,,. !#"4$$$$$$$$$$$$$$$$$$$$$$$$$$$$$!%&'()(*$0($#-.-*$0($"./-.,(::+--. !#89$$$$$$$$$$$$$$$$$$$$$$$$$$$$$!%&'()(*$0($#-.-*$0($8,,.$ ;"8$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$;(</(*-+&.$"*35,./+$0($8,,. ;"=$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$;(</(*-+&.$"*35,./+$0($=./+%3*$ >"#$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$>:-(-5-*$"+,-%./+$0($#-.-(:-(&.$1$2*3. ?!>"$$$$$$$$$$$$$$$$$$$$$$$$$$$$?(,(:-+%*$0($!6%(&*/-5%.@$>,05:-%(.$+$"*33+%&(* ?"$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$?(,(:-+%*$A+%$/.$"*:-(-5+,-+ ?B>B$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$?(,(:-+%*$0+//C>,-+%,* =B#B$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$=5<</(&.$#(&5%+77. !DDB$E+,B$+$2(:B$$$$$$$$$$$$$$!DD.%($E+,+%./($+$2(:+%).-( !33B$"()(/+$$$$$$$$$$$$$$$$$$!33(,(:-%.7(*,+$"()(/+ F(%B$E+,B$$$$$$$$$$$$$$$$$$$$$$$$$F(%+7(*,+$E+,+%./+ F()B$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$F()(:(*,+ &.-B$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$&.-+6*%(.$ <B$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$<5:-. DB$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$D.:&(&*/* ,B$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$,53+%* :B$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$:+6,* :&B$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$:&.-*/. :BDB$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$:*--*1D.:&(&*/* :B.B$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$:+,7.$.5-*%+ :B&B$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$:+,7.$&*//*&.7(*,+ :B0B$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$:+,7.$0.-. :B/B$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$:+,7.$/5*6* -B$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$-*3* )B$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$)*/53+ >

(7)

+*,#)-.(&)*$

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

L "D%B$.0$+:+3A(*$WB$X//%(&'@ $,+-&+.$('/0)*+-'!'!0)$&$1!/(!)($&&23'+&!+)&!4$-+&$@$(,$?B$;%(6.6/(.$O.

&5%.$0(P@$52/-!6!($)7$!)*+-'!'!)($&&28#-/*+)9/('$.*/-+($+):;<=>:?:@@$>/$?5/(,*@$;*/*6,.$LYZ[@$+$/.

,-$.$""+ )0( $ \B $ "*,-( $ + $ #B $ 9*(%+- $ ./ $ ,53+%* $ 3*,*6%.I&* $ 0+0(&.-* $ .( $A/&&$6! ) $&$''/-+&!$ 0(

]?+3*%(.$+$2(&+%&.^@$,B$S@$/56/(*$LYYV@$AAB$_1ZB$

Q >,$6+,+%./+$&D%B$=B$=*3<+,(@$5+)"'/-!/6-+B+)*/&!'!9+)"#&&23'+&!+)C:?;D>:??DE@$]2(&+%&'+$0($#-*%(.

=*/(-(&.^@ $ ,B $ L@ $ LYY`@ $ AAB $ _Y1La`B $=+% $ 5,. $ A.,*%.3(&. $ 0+6/( $ :-50( $ :56/( $ .3<(-( $ :A+&(I&( %(3.,0*$.$?B$?+%(66(@$F-+)!"'!'#1!/(!)$)"/9!$'GH)&$)%&!'$")7$&&23'+&!+)&!4$-+&$)($&&+)"'/-!/6-+B+)-$9$('$@ ]4+$".%-+$+$/.$#-*%(.^@$,B$Q@$0(&+3<%+$LYYY@$AAB$La1QSb$4B$=*,7(.,($O.$&5%.$0(P@ $5$)3'+&!$)7$!

(/'+4!&!H ) !& ) *#('/ ) 7$&&+ ) "!'#+1!/($@ $!--( $ 0+/ $ &*,)+6,* $ 0( $ :-50( $ O=+:&.%.@ $ [1Z $ 3.%7* $ LYYZP@

]!<%577*$"*,-+3A*%.,+*^@$,B$La1LL@$Qaaab)2B$".35%%(@$5$)%&!'$")!'+&!+($H)&/)"'+'/)7$6&!)"'#7!)$)&$ *-/"*$''!I$)7!)-!9$-9+@$]4+$".%-+$+$/.$#-*%(.^@$,B$L@$6(56,*$QaaY@$AAB$Y1LYb$>0B@ $3)'#'/-!)7$&&+ (+1!/($H)!)J6-+(7!)(/'+4!&!)$)&2/-6+(!11+1!/($)7$&&+)*/&!'!9+)($&&23'+&!+)&!4$-+&$@$]2(&+%&'+$0($#-*%(. =*/(-(&.^@$,B$S@$0(&+3<%+$QaLQ@$AAB$Q`L1_ZB S !$-(-*/*$+:+3A/(I&.-()*$"D%B$\B$"*,-(@ $3)(/'+4!&!)$)&+).+99K!(+)7$&&+)*/&!'!9+H)*/&!'!9!11+1!/($)$ '-+"L/-.!"./)L-+)F/"9+(+)$)M/.+6(+)($&&2$'G)&!4$-+&$@$4.&.(-.@$?.,05%(.$LYYVb) ?B$#+)+%(,(@ $5+ -$'$)7$!)(/'+4!&!N)A&!$('$&$0)"'-+'$6!$)$7)$&$1!/(!)*/&!'!9K$)($&&$)O+-9K$)!()$'G)6!/&!''!+(+@$?.%:(/(*@ c+,+7(.$LYYZb$?B$=(6,*--(@$P/'+4!&!0)9+(7!7+'!0)$&$1!/(!N)5/''+).#(!9!*+&$)$)*/&!'!9+)($&&+)5!6#-!+

6!/&!''!+(+@ $ \B $ !,6+/(@ $ ?(/.,* $ QaaLB $ #5//+ $ &.3A.6,+ $ +/+--*%./(@ $ (,)+&+@ $ &D%B $ #B $ 9*(%+-@ $5$ 9+.*+6($)$&$''/-+&!)7$&&23'+&!+)&!4$-+&$H)7+!)9/.!'+'!)+!)*+-'!'!@$(,$=B$4B$;.//(,($O$.$&5%.$0(P@ $37$$)7! -+**-$"$('+(1+ ) $ ) "!"'$.! ) $&$''/-+&! ) !( ) 3'+&!+ ) '-+ ) Q''/ ) $ ) P/I$9$('/@ $ >:-(-5-* $ c+,+-* $ 0( $ #&(+,7+@

4+--+%+$+0$!%-(@$c+,+7(.$LYY_b$./&5,($0+($:.66($&*,-+,5-($(,$>0B@$?B$2(0*/I$O.$&5%.$0(P@$R'/-!+ 7$&&$)9+.*+6($)$&$''/-+&!)!()3'+&!+@$;%5,*$?*,0.0*%(@$?(/.,*$QaaQd$?B$2(0*/I@$S,+-'!'!)$&$''/-+&!T $)'-+"L/-.+1!/(!)7$&&+)*/&!'!9+)($&&23'+&!+)#(!'+@$(,$A.%-(&*/.%+$AAB$``1ZQ@$8B$?.,.@ $5$)9+.*+6($ $&$''/-+&!)!()'$.*!)7!)"#LL-+6!/)-!"'-$''/)$)+&&+-6+'/@$#B$9*(%+-@$52/-6+(!11+1!/($)7$&)I/'/)*-!.+)$)7/*/ &+)U-+(7$)6#$--+)C:?:V>:?W@Eb$>0B@$A+.*+6($)$&$''/-+&!)$)"!"'$.!)$&$''/-+&!)($&&23'+&!+)&!4$-+&$):?==> :?W@@$(,$#B$2*6.%($O.$&5%.$0(P@ $M+**-$"$('+(1+)$)6/I$-(/)+&&+)"I/&'+)7$&)(#/I/)"$9/&/@$!--($0+/ &*,)+6,*$0($:-50($O\(%+,7+@$QZ1QY$*--*<%+$QaaVP@$\(%+,7+$X,()+%:(-e$=%+::@$\(%+,7+$Qaa`B V #($0(:-(,65+@$:*--*$J5+:-*$.:A+--*@$(/$:566+:-()*$/.)*%*$0($8B$?.,.@$5+)*-/L$""!/($)7!)7$*#'+'/N

F+(9-$7! ) U+&!.4$-'! ) L-+ )A#($/ )$ ) M/.+ )C:;DX>:?V?E@ $ =.6): $ 80(7(*,(@ $ =.+:+ $ OMcP $ LYYQb$0+//.

(8)

>,$J5+:-*$J5.0%*$6(H$,*,$+0(I&.,-+@$/.$:-*%(*6%.I.$:5//.$#(&(/(.$3*:-%.$5,* :&.%-*$,*-+)*/+$(,$J5.,-*$.//+$6%.,0($:(,-+:($A%*0*--+$,+/$A+%(*0*$(,-+%&*%:*$-%. /.$I,+$0+6/($.,,($C[a$+$/.$I,+$0+6/($.,,($CYa[@$:./)*$%.%(::(3+$+&&+7(*,(@$,*,$:*,* :+65(-+$.,./(:($3(%.-+$:5//+$-*%,.-+$+/+--*%./($,+//+$&(%&*:&%(7(*,($/*&./($(,$+A*&. /(<+%./+$+@$(,$A.%-(&*/.%+@$(,$+-H$6(*/(--(.,.`B$4.$3.,&.,7.$0($:-50($:5$-./($.:A+--($T A.%-(&*/.%3+,-+$6%.)+$A*(&'f$/+$-*%,.-+$+/+--*%./($:)*/-+:($(,$>-./(.$&*,$(/$:(:-+3. 5,(,*3(,./+$1$,*,*:-.,-+$(,$./&5,($&.:($:($:(.,*$%+6(:-%.-+$.DI,(-H$.//C(,-+%,* 0+//+ $ A%*)(,&+ $ * $ 0+//+ $ %+6(*,( $ 1 $ '.,,* $ &*:-(-5(-* $ (, $ /.%6. $ A.%-+ $ [aZ $ +/+7(*,( 0()+%:+ $ O-.,-+ $ J5.,-( $ +%.,* $ ( $ &*//+6(P $ ,*, $ D.&(/3+,-+ $ %(&*,05&(<(/( $+7 ) #(#.@ %(:+,-+,0*$0+//+$A+&5/(.%(-H$/*&./($R$0($&*//+6(*$+$0+($&*35,($.DD+%+,-($R$.--(,+,-( .//+$:-%.-(I&.7(*,($:*&(./($+0$.//+$/*%*$:-%5--5%+@$.//.$A+%3.,+,7.$0+//+$&5/-5%+ 0*3(,.,-($+0$./$%.0(&.3+,-*$0+//+$:5<1&5/-5%+@$./$/()+//*$0($*%6.,(77.7(*,+$0+( gA.%-(-(h $ + $ 0+//+ $ &*,:*%-+%(+@ $ .//C+)*/57(*,+@ $ (,I,+@ $ 0+( $ A%*&+::( $ 0( A*/(-(&(77.7(*,+ $ +0 $ ./ $ A+:* $ &'+ $ (, $ +::( $ '.,,* $ .)5-* $ /+ $ 0()+%:+ $ D*%3+ $ 0( :*&(.<(/(-HB $ #*/* $ :&.).,0* $ (, $ A%*D*,0(-H $ (, $ %+./-H $ /*&./( $ &(%&*:&%(--+@ $ J5(,0(@ A*::(.3*$.AA%+77.%+$/+$0(,.3(&'+$0($%+/.7(*,+ $&'+ $:*,*$0(+-%*@$,+/$A+%(*0* /(<+%./+ $ 3. $ .,&'+ $ (, $ :+65(-* $ R $ 0.-* $ 0( $ D*,0* $ 0+//. $ :-*%(. $ (-./(.,. $ 1@ $ /+ &*3A+-(7(*,( $ +/+--*%./(B $ >, $ J5+:-* $ :+,:*@ $ :+ $ A+% $ 5, $ )+%:* $ /. $ A%+:+,-+ $ %(&+%&. .::53+$(/$)./*%+$0($/.)*%*$A(*,(+%(:-(&*$(,$J5+:-*$&.3A*@$A+%$5,$./-%*$%(:+,-+ ,.-5%./3+,-+ $ 0+//C.::+,7. $ 0( $ 5, $ %+-%*-+%%. $ 0( $ :*,0.66( $ 3(%.-( $ + $ 0+( $ %+/.-()( .AA%*D*,0(3+,-(B

?./6%.0* $ ".:-%*6(*).,,( $ + $ =(.77. $ !%3+%(,. $ :(.,* $ 05+ $ A(&&*/( $ &*//+6( $ 0( A%*)(,&(.@$6/($.))+,(3+,-($&'+$.&&.0*,*$./$/*%*$(,-+%,*$'.,,*$5,.$%(/+).,7. ,*, $ (,D+%(*%+ $ %(:A+--* $ .0 $ ./-%+ $ .%++ $ 0+//C(:*/. $ * $ ./ $ A(G $ 6+,+%./+ $ &*,-+:-* ,.7(*,./+B$>,$A%(3*$/5*6*$A+%$/.$:-.-5%.$0+/$A+%:*,.66(*$&'+$A(G$0C*6,($./-%* +:+%&(-. $ /. $ :5. $ (,i5+,7. $ (, $ J5+:-C.%+. $ :(, $ 0.6/( $ 5/-(3( $ 0+&+,,( $ 0+//CZaad :-+::.$.5-%(&+$)B$A5%+ $Y**#('!)*$-)#(+)"'/-!+)$)#(+)6$/6-+B+)$&$''/-+&$)7$&&+)*-/I!(9!+)!()$'G

&!4$-+&$@$]>/$=%+:+,-+$+$/.$#-*%(.^@$,B$VS@$6(56,*$LYYS@$AAB$Y1[QB) 9+/$:5* $U&!)"'#7!)"#!)9/&&$6! $&$''/-+&!)!()3'+&!+@$]?+3*%(.$+$2(&+%&.^@$,B$S@$/56/(*$LYYV@$AAB$Y1QV@$#B$9*(%+-$A.::.$(,$%.::+6,.

($/.)*%($A%*0*--($(,$>-./(.$.,./(77.,0*,+$/+$&.%.--+%(:-(&'+$:5//.$<.:+$0($./&5,($A.%.3+-%(B$

[ EB$2.DI*--.@ $R'/-!+)7$&&+)R!9!&!+)*/"'>#(!B9+1!/($@$A.%-+$>>>.@ $5+)R!9!&!+)($&)*-!./)I$('$((!/)7$&

"$9/&/)ZZ@$>,05:-%(.$E%.I&.$9.7(*,./+@$=./+%3*$LY[Yb$\B$2+,0.@$R/9!+&!"'!)$)9+''/&!9!)!()R!9!&!+ :?==>:?=@@$#B$#&(.:&(.$80(-*%+@$"./-.,(::+--.12*3.$LY_Qb$EB$"B$?.%(,*@$,+-'!'!)$)&/''+)7!)9&+""$ !()R!9!&!+)7+)Q-&+(7/)+)O#""/&!(!@$F+$F*,.-*@$;.%($LY_`b$!!BccB@$,/'$-$)$)"/9!$'G)!()R!9!&!+)($&&+ 9-!"!)7$&&/)R'+'/)&!4$-+&$@$=+//(&.,*/(<%(@$".-.,(.$LY__b$\B$2+,0.@ $R'/-!+)7$&&+)R!9!&!+)7+&):;X=)+& :?<=@$)B$>@ $[+&&+)9+7#'+)7$&&+)[$"'-+)+&)L+"9!"./@$#+//+%(*@$=./+%3*$LYZ[b$EB$;.%*,+@ $86$./(!$ #-4+($)$)*/'$-$)&/9+&$)C:;;W>:?:VE@$(,$?B$!e3.%0@$EB$E(.%%(77*$O.$&5%.$0(P@ $R'/-!+)723'+&!+N)5$ -$6!/(!)7+&&2\(!'G)+)/66!N)5+)R!9!&!+@$8(,.50(@$M*%(,*$LYZ_b$EB$"B$?.%(,*@$3&).+&!6(/)/-!11/('$)$ &2#'/*!+N)5+)*-/L/(7+)R!9!&!+)7+!)]+"9!)+&)L+"9!"./@$#B$#&(.:&(.$80(-*%+@$"./-.,(::+--.12*3.$LYYZB ` #($:+6,./.,*$(,$A.%-(&*/.%+$EB$;.%*,+@$P/'+4!&!)$)*+-'!'!)+)A+&'+(!""$''+)7+)A-!"*!)+)O#""/&!(!@$(, >0B@$"B$M*%%(:($O.$&5%.$0(P@ $89/(/.!+)$)"/9!$'G)($&&2+-$+)7$&&/)1/&L/)C"$9/&!)Z3Z>ZZE@$#B$#&(.:&(. 80(-*%+@ $ "./-.,(::+--.12*3. $ LYZY@ $ + $!B $ "(&./.@ $,+-'!'! ) $ ) ./I!.$('! ) */&!'!9! ) + ) O$""!(+N ) [+&

L#&9!"./)+&)L+"9!"./):?==>:?WX@$25<<+--(,*@$#*)+%(.$?.,,+//($QaaaB

(9)

9.A*/+*,+$"*/.j.,,(B$

4.$/+--+%.-5%.$0+0(&.-.$./$A+,:(+%*$+$.//C*A+%.$0+/$A%+:-(6(*:*$0+A5-.-*$+,,+:+$T :-+%3(,.-.@$3.$,*-+)*/($&.%+,7+$A%+:+,-.$/.$:(-5.7(*,+$0+6/($:-50($(,$%+/.7(*,+ .//. $ :A+&(I&. $ 0(3+,:(*,+ $ 0+/ $ :5* $ .6(%+ $ A*/(-(&*_B$ \. $ +&&+7(*,+ $ &+%-.3+,-+ $ /.

3*,*6%.I.$0($?.%&*$#.6%+:-.,(@$.--+,-.$.$:+65(%+$/C+)*/57(*,+$0+//.$)(&+,0. A*/(-(&.$0($"*/.j.,,($(,$%.AA*%-*$.//C].%+.$0+//*$7*/D*^$.--%.)+%:*$/C.,./(:($0+//+ -*%,.-+ $ +/+--*%./(b $ 3. $ /C(3A*%-.,-+ $ /.)*%* $ 0+//* $ :-*%(&* $ I*%+,-(,* $ .DD%*,-. A+0(::+J5.3+,-+ $ :*/* $ 6/( $ 5/-(3( $ J5.--%* $ /5:-%( $ 0+/ $ U>U $ :+&*/*@ $ /.:&(.,0*

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g:&*3*0*h $ A+% $ /+ <.--.6/(+$0($6(5:-(7(.$+$/(<+%-H$:*:-+,5-+$(,$=.%/.3+,-*$+$,+($/5*6'($0+/$0(<.--(-* A5<</(&*@ $3. $ :*:-.,7(./3+,-+ $(,&*,-%.:-.-* $ ,+//. $ :5.$ -+%%. $ 0C+/+7(*,+ $ 0.$ &5( %(&+)+ $ (/ $ 3.,0.-* $ A/+<(:&(-.%(.3+,-+ $ A+% $ -%+,-C.,,( $ %(5:&+,0* $ :+3A%+ $ +/+--* &*3+ $ &.,0(0.-* $ 5,(&*B $ 4. $ %(&+%&. $ :-*%(&.@ $ (, $ %+./-H@ $ :3+,-(:&+ $ .3A(.3+,-+ J5+:-.$D*%7.-.$%.AA%+:+,-.7(*,+@$(,$/.%6.$A.%-+$g(,0*--.h$0.//.$:+3A/(&+$A%+:. 0C.--*$0+//C.::+,7.$0($5,.$&*3A+-(7(*,+$A*/(-(&*1+/+--*%./+B$

2+:-%(,6+,0*$(/$&.3A*$0C(,0.6(,+$.($:*/($0+&+,,($A*:-15,(-.%(@$:(.$6/($:-50(*:( &'+ $ :( $ :*,* $ *&&5A.-( $ 0+/ $ -+%%(-*%(* $ ,(::+,* $ :(. $ &*/*%* $ ( $ J5./( $ :( $ :*,* :A+&(I&.3+,-+$(,-+%+::.-($.//.$I65%.$0($"*/.j.,,($'.,,*$(,0(&.-*$(/$-+%3(,+ $+7

^#$.$ 0+//.$&*,-+:.$A*/(-(&.$(,$J5+:-C.%+.$0+//.$#(&(/(.$,+//.$:*:-.,7(./+$)(--*%(.

0+($0+3*&%.-(&($:5($/(<+%./($0+//+$0()+%:+$6%.0.7(*,($,+6/($.,,($0($I,+$:+&*/*B k5+:-* $ %+-.66(* $ '. $ D.--* $ .AA.%(%+ $ /C.:&+:. $ 0+//. $ <*%6'+:(. $ A%*D+::(*,./+@ /C.//+.,7. $ &*, $ ( $ :+--*%( $ g(//53(,.-(h $ 0+//. $ A%*A%(+-H $ -+%%(+%. $ ,+/ $ A%*6+--*

_ =+%$5,.$+:.5%(+,-+$%.::+6,.$%(,)(*$.//.$3('-/7#1!/($$0($lB$mB$\%f-(6,f$./$:5*$[+&&2/''!.!"./)+&

*$""!.!"./N ) 3'!($-+-!/ ) */&!'!9/ ) $7 ) !('$&&$''#+&$ ) 7! ) A/&+_+((! ) 7+&&+ ) "I/&'+ ) &!4$-+&$ ) +& ) L+"9!"./@ $ "B

E'(:./<+%-( $ OA%+:+,-.7(*,+ $ 0(P@ $ >:-(-5-* $ A+% $ /. $ #-*%(. $ 0+/ $ 2(:*%6(3+,-* $ >-./(.,*@ $!%&'()(* gE5(0*$>77(h@$2*3.$Qaa_@$(,$A.%-(&*/.%+$AAB$L`1QLB

Z ?B$ #.6%+:-.,(@ $P+*/&$/($ ) A/&+_+((! ) $ ) &+ ) 7$./9-+1!+ ) 4/-6K$"$ ) ($&&2+-$+ ) 7$&&/ ) 1/&L/@ $ #B $ #&(.:&(.

80(-*%+@$"./-.,(::+--.12*3.$LYYLB

Y ?B $#(%.65:.@ $P+*/&$/($)A/&+_+((!0)!)]&/-!/)$)!)P/'+4!&!)7$&&+)S*-/L/(7+)R!9!&!+T)C:;?<>:?:VE@$#B

#&(.:&(.$80(-*%+@$"./-.,(::+--.12*3.$Qaa_B

(10)

&*%A*%.-()(:-.$ A%*3*::*$ 0.$ &.:.$\/*%(*$ +$ /.$&*//*&.7(*,+ $ .,-(6(*/(--(.,.$0+//. ,5*).$&/.::+$0(%(6+,-+$,(::+,.$&*3+$($:*/($-%.--($:./(+,-($0+($A%(3($J5(,0(&($.,,( 0+/ $ ,5*)* $ :+&*/*@ $ (,05&+,0* $ . $ %(-+,+%+ $ &'+ $ /C(,-+%* $ A+%(*0* $ D*::+ $ :-.-* .--%.)+%:.-* $ 0. $ 5, $ :*:-.,7(./+ $ g(33*<(/(:3* $ 0+//. $ 3*<(/(-Hh@ $ *::(. $ 0. $ 5, A%*6%+::()* $ .).,7.3+,-* $ 0( $ ,5*)+ $ &/.::( $ + $ (:-.,7+ $ :*&(./( $ A*( $ (,-+%%*--* <%5:&.3+,-+$0.//.$&*,i.6%.7(*,+$<+//(&.B$

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k5+:-.$&.A(//.%+$%+-+$0($:-%5--5%+@$&.A.&+$0($D*%,(%+$%(:A*:-+$&*,&%+-+$.6/($.-.)(&( A%*</+3($&'+$.--.,.6/(.,*$/+$3.::+$A*A*/.%(@$:($A*,+$(,$0(%+--.$&*,&*%%+,7.$&*, /+$A(G$%*0.-+$.::*&(.7(*,($0($3.-%(&+$/.(&.$I,+,0*$A+%$(,).0+%+@$.//.$I,+$0+/ A%(3* $ 0+&+,,(* $ 0+/ $ CYaa@ $ (/ $ -+%%+,* $ A%*A%(* $ 0+( $ ,5*)( $ gA%*D+::(*,(:-(h@ $ *::(. J5+//*$A*/(-(&*$O35,(&(A./+@$A%*)(,&(./+$+$,.7(*,./+PB$4.$,*)(-H$,*,$T$0($A*&* &*,-*d$0.$:A.7(*$+:&/5:()*$0+//.$A.%-+&(A.7(*,+$.//.$)(-.$0+/$=.+:+@$(,D.--(@$/. :-%5--5%. $ +&*,*3(&. $ R $ &**A+%.-().@ $ 0( $ .::(:-+,7. $ + $ 0( $ &%+0(-* $ R $ 0()+,-. A%*6%+::().3+,-+$5,.$:D+%.$&*//.-+%./+$.($/5*6'($0+//.$*%6.,(77.7(*,+$A*/(-(&.@$+ J5+:-*$35-.3+,-*$0($A.%.0(63.$(,i5+,7.$,*-+)*/3+,-+$A%.::($+$/(,65.66(* 0+//. $ /*--.B $ #A+%(3+,-.-* $ :*/* $ (, $ ./&5,+ $$(9&+I$$ ,+//+ $ +/+7(*,( $ 0+/ $ LYaV@ /C(,-+%)+,-* $ 0+( $ &.--*/(&( $ (, $ A*/(-(&. $ :( $ %+./(77. $ A(+,.3+,-+ $ ,+//+ $ 05+ $ -*%,.-+ +/+--*%./($:5&&+::()+$&'+@$A+%$J5+:-.$%.6(*,+@$'*$:&+/-*$&*3+$-+%3(,($&%*,*/*6(&( 0+//. $ 3(. $ (,0.6(,+@ $ &+%&.,0* $ 0( $ D.% $ /5&+ $ :5 $ 5, $ &*,-+:-* $ A*/(-(&* $ A+% $ -%*AA* -+3A*$%(3.:-*$,+//C*3<%.@$,+/$J5./+$(/$3*)(3+,-*$%+/(6(*:*$*&&5A.$5,$%5*/*$0( .::*/5-*$A%*-.6*,(:-.B

k5./&'+$.,,*$D.@$J5.,0*$(,(7(.($J5+:-*$/.)*%*@$05%.,-+$5,$&*,D%*,-*$(/$3(* -5-*%@$(/$=%*DB$?.%&*$=.//.@$0+I,n$(/$&*//+6(*$+/+--*%./+$]5,$-%.--*$0($3.-(-.$:5$5,. &.%-(,. $ 6+*6%.I&.^B $ 9+/ $ -+3A*@ $ A%*:+65+,0* $ ,+//. $ %(&+%&.@ $ J5+:-. $ +DI&.&+ +:A%+::(*,+$3($T$-*%,.-.$(,$3+,-+$:A+::*B$>,$+DD+--(@$0()+%:.3+,-+$0.($&*35,($* 0.//+ $ A%*)(,&+@ $ /C.3<(-* $ &(%&*:&%(7(*,./+ $ +/+--*%./+ $ T $ g-+3A*%.,+*h $ A+% $ /+66+ 0.-* $ &'+@ $ 5,. $ )*/-. $ -+%3(,.-+ $ /+ $ &*,:5/-.7(*,(@ $ 0./ $ &*//+6(* $ ,*, $ )+,6*,* +3.,.-+$0(:A*:(7(*,($&'+$%(&.0*,*$:5//+$&*35,(-H$&'+$)($.DD+%(:&*,*B$8AA5%+$(, +-H $ /(<+%./+ $ J5+:-* $ :A.7(* $ :*/.3+,-+ $ g0(:+6,.-*h $ 0+I,(:&+ $ 5, $ .3<(-* $ ,*, +).,+:&+,-+B$45(6($#-5%7*$T$(/$A%(3*$.0$.&&*%6+%:+,+B$>/$A%+-+$&./.-(,*@$(,D.--(@ c

(11)

&*3A%+,0+$&'+$(/$:(:-+3.$5,(,*3(,./+@$:&+/-*$0./$/+6(:/.-*%+$&*3+$3+&&.,(:3* 0( $ :+/+7(*,+ $ 0+//. $ %.AA%+:+,-.,7.@ $ &*:-(-5(:&+ $ 5, $ (,-+%:-(7(* $ D*,0.3+,-./+ .//C(,-+%,*$0+/$J5./+$T$,+&+::.%(*$*%6.,(77.%:($+@$A+%$-./+$3*-()*@$:($A%+*&&5A.$0( (,:+%(%+$,+($%+6*/.3+,-($).%.-($0.($A+%(*0(&($&*,6%+::($%+6(*,./($/C(,0(&.7(*,+$0( &*:-(-5(%+ $ g&*3(-.-( $ +/+--*%./( $ &.--*/(&( $ &*//+6(./(h@ $ *))+%* $ *%6.,(:3( $ :*)%.1 35,(&(A./( $ &'+ $ &*//+6'(,* $ /+ $ *%6.,(77.7(*,( $ %+/(6(*:+ $ /*&./( $ + $ ,+ $ &**%0(,* $ /. A.%-+&(A.7(*,+ $ +/+--*%./+B $ >, $ J5+:-. $ :&+/-. $ )( $ T $ 5, $ +/+3+,-* $ 0( $ :A(&&.-. 3*0+%,(-H$&'+$,*,$3*:-%.$0($.)+%+$,+::5,C./-%.$.66%+6.7(*,+$A*/(-(&.d$,.-5%./+ &*3A/+3+,-* $ 0+( $ g&*3(-.-( $ 35,(&(A./(h@ $ g0(*&+:.,(h $ + $ gA%*)(,&(./(h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gA.%-(-($0( 3.::.h@$&*,$/+$/*%*$3*/-+A/(&($.%-(&*/.7(*,(@$($/*%*$*%6.,(:3($0(%(6+,-($+@$,*,$0. 5/-(3*@ $ /+ $ /*%* $ %+-( $ .::*&(.-()+ $ 0+/ $ /.)*%* $ 0. $ -%.:D*%3.%+@ $ .//C*&&*%%+,7.@ $ (, :+%<.-*( $ +/+--*%./( $ + $ 6/( $ .0+%+,-( $ (, $ 3*0+%,( $ 3(/(-.,-(B $ !0*--.%+ $ (/ $ &*//+6(* +/+--*%./+$&*3+$A5,-*$0C*::+%).7(*,+$3($T$:+3<%.-*$.,&'+$A+%$J5+:-*$(/$3*0* A(G $ &*,:*,* $ A+% $ (,0.6.%+ $ -./( $ A%*&+::(@ $ 0(A.,.%+ $ ( $ I/( $ 0+//C(,-%(&.-. $ 3.-.::. *%6.,(77.-().$+/+--*%./+$+$A*%,+$.$)+%(I&.$6/($+:(-(B$$

$ $ 4+ $ 0(%+--()+ $ 0( $ #-5%7* $ (,&*,-%.,* $ %+:(:-+,7+ $ ,*-+)*/( $ A*(&'f $ /* $ :-.-* $ 0( 0(A+,0+,7.$0+/$&/+%*$0.($gA.-%*,($/.(&(h$+$(,$6+,+%./+$0./$,*-.<(/.-*$/*&./+$T$-./+ &'+$:A+::*$/+$.:A+--.-()+$0+/$A%+-+$0($"./-.6(%*,+$)+,6*,*$0(:.--+:+B$M5--.)(.@ :.%+<<+$%(05--()*$D.%+$(/$<(/.,&(*$0+//C+:A+%(+,7.$0+($&.--*/(&($*%6.,(77.-($,+($05+ &*//+6( $ &*,:(0+%.-( $ A*,+,0* $ /* $ :65.%0* $ :*/* $ :5 $ J5+:-* $ .:A+--*B $ >/ $ &.:* $ 0( ".:-%*6(*).,,(@ $ (, $ A.%-(&*/.%+@ $ 6(5:-(I&. $ J5+:-. $ .::+%7(*,+B $ 4C$`*&/!' )0+/ 3*)(3+,-*$&.--*/(&*$(,$5,$A.+:.66(*$A*/(-(&*$&'+$.//.$:)*/-.$0+/$,5*)*$:+&*/* :+3<%.).$.)+%+$*%3.($&*3+$5,(&*$ .--*%+$(/$A.%-(-*$g&*/.j.,,+*h $:-%.)*/6+$/+ %+6*/+$0+//.$&*3A+-(7(*,+B$4.$A%+:+,7.$0($5,.$:*66+--()(-H$A*/(-(&.$&'+$A+%$/. A%(3.$)*/-.$0+,5,&(.$A5<</(&.3+,-+$6/($.::+--($0($A*-+%+$/*&./($+$($D+,*3+,($0( &*%%5--+/.$3+::($(,$*A+%.$0.$5,$0+A5-.-*$g%(<+//+h$.$2*3.@$3.$.::*/5-.3+,-+$. :5* $ .6(* $ ,+//+ $ A%.-(&'+ $ 0( $ &*:-%57(*,+ $ + $ 6+:-(*,+ $ 0+/ $ &*,:+,:* $ -(A(&.3+,-+ 3+%(0(*,./(@$&*:-%(,6+$6/($.))+%:.%($.$3+--+%:($:5//.$0(D+,:().@$:*//+&(-.,0*$./ &*,-+3A*$/.$&*:-%57(*,+$0($.//+.,7+$(,+0(-+$I,./(77.-+$./$3.,-+,(3+,-*$0+6/( .::+--($&*,:*/(0.-($&'+$($g&/+%(&./(h$3(,.&&(.,*$0($D.%$:./-.%+B$>$($.!9!)$"'$-(!)0($5, c>

(12)

-+3A*$R$A+%$5-(/(77.%+$5,.$-+%3(,*/*6(.$(,$)*6.$,+/$A+%(*0*$A*:-1<+//(&*$R$:*,* .0+::* $ 0()+,-.-( $($.!9! ) !('$-(!d $ T $ A%*A%(* $ J5+:-. $ ,5*). $ &*//*&.7(*,+ $ 0+( g&/+%(&./(h $ &'+ $ (,05&+ $ (/ $ A.%-(-* $ 0( $ "*/.j.,,( $ . $ A+%0+%+ $ A%*6%+::().3+,-+ /C(,(7(./+$(3A%*,-.$g:*&(./(:-+66(.,-+h$A%+0(:A*,+,0*:($.0$.&&*6/(+%+$-%.$/+$:5+ I/.$.,-(&'($.))+%:.%($+$,5*)($A%*D+::(*,(:-($+3+%6+,-($0(:-.,-($A+%$D*%3.7(*,+ +0$*%(+,-.3+,-*B$ 9.-5%./3+,-+@$/.$A.%-+&(A.7(*,+$.--().$0+($&.--*/(&($.//+$/*--+$A*/(-(&'+$&'+$:( :)*/6*,* $ ,+/ $ J5.0%(+,,(* $ *66+--* $ 0+/ $ 3(* $ :-50(* $ ,*, $ T $ A%(). $ 0( $ +,*%3( &*,-%.00(7(*,($+$0($:&*,I--+$<%5&(.,-(@$&*:n$&*3+$/C*%(+,-.3+,-*$:-5%7(.,*$0( .5-*,*3(. $ 0+( $ &.--*/(&( $ ,*, $ )(+,+ $ 3.(@ $ (, $ %+./-H@ $ +DD+--().3+,-+ $ A+%:+65(-*B "(*,*,*:-.,-+@ $ ,*, $ A5o $ ,*, $ +)(0+,7(.%:( $ &*3+ $ ( $ :.&+%0*-( $ &'+ $ 65(0.,* $ (/ 3*)(3+,-*$(,$J5+:-*$D%.,6+,-+$:($&(3+,-(,*$,+//.$+/.<*%.7(*,+$0($:A%+6(50(&.-+ +$&*3A/+::+$:-%.-+6(+$+/+--*%./($&'+$,*,$0($%.0*$A+%3+--*,*$/*%*$0($&*,J5(:-.%+ A*:(7(*,( $ ).,-.66(*:+ $ ,+//. $ &*,-+:. $ A*/(-(&.B $ ! $ <+, $ )+0+%+@ $ J5+:-. $ D.:+ &*:-(-5(:&+$A+%$&*:-*%*$5,$)+%*$+$A%*A%(*$g.AA%+,0(:-.-*h$.//.$A*/(-(&.$&'+$,+/ -%(+,,(* $ <+//(&* $ +@ $ :*A%.--5--*@ $ ,+/ $ LYLY@ $ &*:-(-5(%H $ (/ $ A.-%(3*,(* $ D*%:+ $ A(G (3A*%-.,-+$0+/$=.%-(-*$A*A*/.%+$(-./(.,*B$>,$*6,($&.:*@$./3+,*$05+$:+3<%.,* +::+%+$/+$,*)(-H$0(%+--.3+,-+$%(&*,05&(<(/($./$/*%*$(,6%+::*$,+($&(%&5(-($&*//+6(./( ,+//C.%&*$-+3A*%./+$*::+%).-*B$>/$A%(3*$T$%+/.-()*$.//*$:&.%0(,.3+,-*$0+/$D%*,-+ .))+%:.%(*d$/C(%%57(*,+$:5//.$:&+,.$0+($&.--*/(&(@$(,D.--(@$:&5*-+$/C(33*<(/(:3*$0+( &*//+6($+$:*//+&(-.$./$&*,-+3A*$5,.$0()+%:.$.%-(&*/.7(*,+$D.7(*,./1&/(+,-+/.%+$0+( A.%-(-($0*3(,.,-(B$#*--*$J5+:-*$.:A+--*$T$+3</+3.-(&.$/.$)(&+,0.$+,,+:+$0*)+ ./&5,( $ 0+( $ ,5*)( $ gA%*D+::(*,(:-(h $ 0+//. $ A*/(-(&.@ $ :&./A(-.,-( $ 0. $ -+3A* $ A+% +3+%6+%+ $ 0.//. $ &*,0(7(*,+ $ 0( $ :+3A/(&( $ 6%+6.%( $ +0 $ +,-%.%+ $ ,+//C.6*,+@ $ '.,,* .0+::*$/.$A*::(<(/(-H$0($&*,-+:-.%+$.A+%-.3+,-+$(/$%5*/*$g%+6*/.-*%+h$0($"*/.j.,,( ,+//.$:+/+7(*,+$0+//.$%.AA%+:+,-.,7.$A*(&'f$&+%&.,*$+$-%*).,*$,+/$3*)(3+,-* &.--*/(&*$/C(,-+%/*&5-*%+$&*,$(/$J5./+$&*//.<*%.%+$A+%$+%*0+%+$/+$<.:($0($&*,:+,:* 0+/$0+A5-.-*B$>/$:+&*,0*$+/+3+,-*$0($:)*/-.$%(65.%0.@$(,)+&+@$/.$-%.:D*%3.7(*,+ 0+($&*,-+,5-($0+//+$&.3A.6,+$+/+--*%./($+$/.$%+/.7(*,+$&*,$(/$&*,-+:-*$A*/(-(&* ,.7(*,./+B$=.%-+&(A.,0* $.//.$/*--.$A*/(-(&.$($&.--*/(&($:($D.,,* $A*%-.-*%($0($5, A%*6%.33. $ 6+,+%./+ $ R $ :*/* $ (, $ A.%-+ $ /.:-%(&.-* $ 0( $ +/+3+,-( $ g&*,D+::(*,./(h O0()*%7(*@$(,:+6,.3+,-*$%+/(6(*:*$+&&P$R$&'+ $(,-%*05&+ $(,$A+%(D+%(.$-+3.-(&'+ &*35,($./$0(<.--(-*$A*/(-(&*$0+/$=.+:+b$A+%$6/($+/+--*%($0($5,$&*//+6(*$&*3+$J5+//* 0($".:-%*6(*).,,(@$.($J5./($:+3<%.).$&'+$(/$D.-*$.)+::+$.::+6,.-*$/C+:&/5:()* &*3A(-*$0($+/+66+%+$"*/.j.,,($(,$=.%/.3+,-*@$:+,-+,0*:($A.%-+$0($5,.$&*35,(-H ,.7(*,./+$*-/)'$.*/-$$+$5,(&.3+,-+$A+%$J5+:-.$%.6(*,+@$&(o$&*3A*%-.$0($)+,(%+ :<./7.-($.0+::*$:5$5,$A%*:&+,(*$A(G$.3A(*@$+::+,0*$A*:-($0($D%*,-+$.$J5+:-(*,( c>>

(13)

&*3A/+::()+$,*,$:-(3*/.-+$A(G$1$+$3+,$&'+$3+,*$I/-%.-+$1$0.//C5,(&*$A*,-+$0( &*//+6.3+,-* $ &'+ $ I,* $ . $ J5+/ $ 3*3+,-* $ .)+).,* $ .)5-* $ &*, $ (/ $ =.+:+B $ M./+ (,,*).7(*,+ $ T $ 6%.)(0. $ 0( $ &*,:+65+,7+B $ >,,.,7(-5--* $ A+%&'f $ &*:-%(,6+ $ /C%&!'$ 0*3(,.,-+ $ .,&'+ $ :5 $ J5+:-* $ )+%:.,-+ $ . $ 3+--+%:( $ ./ $ A.::* $ &*, $ ( $ -+3A(@ $ ,*, .DD%*,-.,0* $ A(G $ (, $ &.3A.6,. $ +/+--*%./+ $ :*/* $ J5+:-(*,( $ %+/.-()+ $ .//+ A%*</+3.-(&'+$/*&./(b$(,$:+&*,0*$/5*6*$A*(&'f$A+%3+--+$.6/($+:A*,+,-($&.--*/(&( 0($&*,-+,0+%+$./$0+A5-.-*$(/$%5*/*$0($3+0(.-*%+$&*,$(/$&+,-%*@$:(.$:5/$-+%%+,* <5%*&%.-(&*1.33(,(:-%.-()* $ OA+% $ /+ $ %+/.7(*,( $ &*, $ 6/( $ .3<(+,-( $ A.%/.3+,-.%( $ + 3(,(:-+%(./($0+/$3*)(3+,-*P$:(.$ :5$J5+//*$A*/(-(&*1&5/-5%./+@$,*,$A(G$+:&/5:()* .AA.,,.66(*$:5*$+$0($A*&'($./-%($g(,-+//+--5./(h$0($:-%+--.$*::+%).,7.B

#5/ $9&$+I+6$$ &/+%(&./(:3*K.,-(&/+%(&./(:3*) :($35*)+@$05,J5+@$(/$3(*$/.)*%*$0( %(&+%&. $ 0.&&'f $ /. $ &*,-%.AA*:(7(*,+ $ -%. $ .))+%:.%( $ + $ ,*, $ 0+//. $ A.%-+&(A.7(*,+ .--().$0+($&.--*/(&($.//+$/*--+$+/+--*%./($1$+@$&*,$J5+:-*@$-%.$D.5-*%($+$&*,-%.%($0($5,. (,(7(.-().$0+//.$"'(+:.$,*,$A(G$%+/+6.-.$:*/*$./$%(:-%+--*$.3<(-*$.::(:-+,7(./+$+ A.:-*%./+$1$:($0+-+%3(,.,*$-%.$(/$LYaY$+$(/$LYLS$( $*+''$-("$ 0+//+$.//+.,7+$+$0+6/( .,-.6*,(:3(B

4+$)(&+,0+$A*/(-(&'+$&'+$/5,6*$J5+:-C.::+$:($:)*/6*,*$,+($05+$&*//+6($A%+:($(, +:.3+ $ A.%-*,* $ 0. $ A%+:5AA*:-( $ 0()+%6+,-( $ + $ .AA%*0.,* $ .0 $ ./-%+--.,-( 0()+%:(I&.-($+:(-(B$#+@$(,D.--(@$,+//.$&(%&*:&%(7(*,+$+,,+:+$/C.::*/5-.$&+,-%./(-H$0+/ 0+A5-.-*$"*/.j.,,($D*66(.$5,$:(:-+3.$A*/(-(&*$A%()*$0($5,.$0(./+--(&.$-%.$D*%7+ &*,-%.AA*:-+$0($&5($%(:+,-+$.,&'+$/.$:-%.-+6(.$0+/$3*)(3+,-*$&.--*/(&*@$(,$J5+//. 0($=(.77.$!%3+%(,.$(/$J5.0%*$T$,*-+)*/3+,-+$A(G$0(,.3(&*B$4.$A%+:+,7.$0+//. &5%(. $ )+:&*)(/+ $ 65(0.-. $ 0./ $ LYa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g&/+%(&*13*0+%.-+h@ $ ,*, $ %(D566*,* $ 0.//C.&&*%0.%:( $ A/.-+./3+,-+ $ * :*--*<.,&* $ .,&'+ $ &*, $ +:A*,+,-( $ 0(&'(.%.-.3+,-+ $ 3.::*,(b $ 3. $ J5+:-* :A%+6(50(&.-* $ .--+66(.3+,-*@ $ I,./(77.-* $ . $ &*,J5(:-.%+ $ )(:(<(/(-H $ + %.AA%+:+,-.,7. $ ,+6/( $ *%6.,(:3( $ +/+--()( $ 35,(&(A./(@ $ A%*)(,&(./( $ +@ :5&&+::().3+,-+@$,.7(*,./(@$&*,-%(<5(:&+$.$:&.%0(,.%+$/C5,(-H$0+//C*%6.,(77.7(*,+ :+6%+-.@$&*,)(,-.3+,-+$A*%-.-.@$,+/$LYaV@$.$:*:-+,+%+$(/$0+A5-.-*$+/+--*@$"./*6+%* c>>>

(14)

".:&(,*@$3.$)(.$)(.$0()(:.$:5//.$:-%.0.$0.$<.--+%+B$

9+//.$:&.%:(-H$0($:-50($:-*%(&*1A*/(-(&($:A+&(I&(@$/.$3*/+$0($/.)*%($:5$"*/.j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d$A%+::*$/.$;(</(*-+&. 2+6(*,./+ $ 0( $ =./+%3*@ $ /. $ ;(</(*-+&. $ 2+6(*,./+ $ X,()+%:(-.%(. $ 0( $ ".-.,(. $ + $ /. ;(</(*-+&.$9.7(*,./+$"+,-%./+$0($2*3.$'*$A*-5-*$&*,:5/-.%+$/+$0()+%:+$.,,.-+$(, &*A(. $ &.%-.&+.$ R $J5.,0* $ T $ :-.-* $ A*::(<(/+ $ R $ * $( $ 3(&%*I/3.-(B $N $ %(:5/-.-* $ A(G &*3A/+::*@ $ (,)+&+@ $ %(-%*).%+ $ 6(*%,./( $ + $ D*6/( $ /*&./(d $ 0(D.--(@ $ :+ $ ./&5,( $ 1 $ (, A.%-(&*/.%+$J5+//($0+/$3*)(3+,-*$&.--*/(&*$1$'*$A*-5-*$+:.3(,.%/($.//.$;(</(*-+&. "*35,./+$0($"./-.,(::+--.@$A+%$A%+,0+%+$)(:(*,+$0+6/($./-%($'*$0*)5-*$+DD+--5.%+ %(A+-5-($:*,0.66($,+//+$%.&&*/-+$0+//.$;(</(*-+&.$9.7(*,./+$0($\(%+,7+@$*)+$:*,* &*,:+%).-($(,$5,(&.$&*A(.B

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b$(,$./-%(@$(,)+&+@$&*3+$,+//C!%&'()(*$0($#-.-*$0($"./-.,(::+--.@$A5% -%*).,0* $ 5, $ A+%:*,./+ $ &*%0(./+ $ + $ A%+A.%.-*@ $ '* $ 0*)5-* $ %(:&*,-%.%+ $ 5, :*:-.,7(./+$)5*-*$0*&53+,-./+$A+%$(/$A+%(*0*$0.$3+$(,0.6.-*B$

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

(15)

X,.$D*,-+$&'+@$:+$:&.,0.6/(.-.$(,$3*0*$:(:-+3.-(&*@$.)%+<<+$0($&+%-*$.(5-.-*$. 0(:-%(&.%+ $ ./&5,( $ ,*0( $ %(3.:-( $ .66%*)(6/(.-( $ %+/.-().3+,-+ $ .//+ $ %+/.7(*,( $ 0+/ A%+:-(6(*:*$0+A5-.-*$+@$0($%(i+::*@$.//+$)(&+,0+$A*/(-(&'+$0+/$-+%%(-*%(*$:5$&5( A%+)./+,-+3+,-+$+:+%&(-.$(/$:5*$&*,0(7(*,.3+,-*@$T$&*:-(-5(-.$0./$&.%-+66(*$0( 9.A*/+*,+$"*/.j.,,($&*,:+%).-*$A%+::*$/.$;(</(*-+&.$"*35,./+$0($=./+%3*LaB

=5%-%*AA*@$A+%o@$(/ $A+%(*0*$ 0+/ $3(*$ /.)*%* $T $&*(,&(:*$ &*,$5,$ g-+3A*%.,+*h (3A+0(3+,-* $ .//. $ &*,:5/-.7(*,+ $ 0+/ $ 3.-+%(./+ $ . $ &.5:. $ 0( $ &+0(3+,-( $ 0+//. :-%5--5%.$0+//C./.$0+//C(:-(-5-*$(,$&5($T$&*,:+%).-*$(/$D*,0*b$:(&&'f$:*,*$%(5:&(-*$. )(:(*,.%+ $ :*/* $ A*&'+ $ 3(::()+ $ .//C(,(7(* $ 0+//. $ %(&+%&. $ + $ ./&5,+ $ ./-%+ :5&&+::().3+,-+$6%.7(+$./$D.--*$&'+$+%.,*$:-.-+$%(A%*0*--+$:5$:5AA*%-*$0(6(-./+B 9*,$A*::*$&'+$.565%.%3(@$05,J5+@$&'+$5,.$:n$A%+7(*:.$0*&53+,-.7(*,+$A*::. +::+%+$J5.,-*$A%(3.$%+:-(-5(-.$.//.$&*35,(-H$:&(+,-(I&.B 4.$-+:($:+65+$/.$:&.,:(*,+$&%*,*/*6(&.$.,7(0+--.B$9+/$A%(3*$&.A(-*/*$'*$&+%&.-* 0($D*%,(%+$5,$.DD%+:&*$:*&(*1+&*,*3(&*$0+//.$#(&(/(.$+@$,+//*$:A+&(I&*@$0+($&*35,( .DD+%+,-($ .($&*//+6($+/+--*%./($0($ ".:-%*6(*).,,($+ $=(.77.$!%3+%(,. $,+/$ A%(3* 0+&+,,(* $ 0+/ $ CYaa@ $ <.:.-* $ A%+)./+,-+3+,-+ $ :5//+ $ :-.-(:-(&'+ $ 5DI&(./(B $ >, A.%-(&*/.%+@$'*$&*,&+,-%.-*$/C.--+,7(*,+$:5//.$:-%5--5%.$0+//+$*%6.,(77.7(*,($0( /.)*%* $ :(. $ 0( $ 3.-%(&+ $ /.(&. $ &'+ $ &.--*/(&. $ + $ :5//. $ 0%.33.-(&. $ &*,0(7(*,+ $ 0+/ 3*,0*$&*,-.0(,*B$=+%$J5+:-($5/-(3($.:A+--($3($:*,*$:+%)(-*$A%+)./+,-+3+,-+$0+( )+%<./( $ (,+0(-( $ 0+//+ $ (,-+%)(:-+ $ D.--+ $ 0. $ E(*).,,( $ 4*%+,7*,( $ A+% $ /Ch>,&'(+:-. A.%/.3+,-.%+$:5//.$&*,0(7(*,+$$0+($&*,-.0(,($,+//+$=%*)(,&(+$3+%(0(*,./($+$,+//. #(&(/(.h$&*,:+%).-($A%+::*$/C!%&'()(*$"+,-%./+$0+//*$#-.-*B$

9+( $ -%+ $ :5&&+::()( $ &.A(-*/(@ $ (,)+&+@ $ '* $ .,./(77.-* $ ( $ &(%&5(-( $ A*/(-(&( $ /*&./(@ $ /* :)(/5AA* $ 0+//+ $ 0(,.3(&'+ $ *%6.,(77.-()+ $ 0+( $ 6%5AA( $ + $ 0+//+ $ D.7(*,( $ (, &*(,&(0+,7.$&*,$/+$-*%,.-+$+/+--*%./($6+,+%./($+0$.33(,(:-%.-()+$,+/$:+63+,-* -+3A*%./+$LYaY1LYLS@$/C+:(-* $0+//+$&*,:5/-.7(*,($+$/+$(,+)(-.<(/($%(&.05-+$ :56/( .::+--($35,(&(A./(B$ 9+($05+$&.A(-*/($&*,&/5:()(@$(,)+&+@$,*,$A%+-+,0+,0*$0($0+/(,+.%+$5,$J5.0%* &*3A/+-*$+$0+I,(-()*@$'*$A(5--*:-*$%(-+,5-*$5-(/+$(,-%*05%%+$./&5,($+/+3+,-($&'+ :-.,,*$:5//*$:D*,0*$0+//.$g,5*).$+%.h$(,-%*0*--.$0.//.$3*0(I&.$0+/$:(:-+3.$0( )*-*$(,$:+,:*$A%*A*%7(*,./+$+$0.//.$&*,i5+,7.$0+($&(,J5+$&*//+6($(,$5,C5,(&. &(%&*:&%(7(*,+$A%*)(,&(./+B$4+$3*<(/(-.7(*,($0+//+$0*,,+$&*,-%*$(/$&.%*)()+%($+ A+%$/.$A.&+@$/.$0()+%:.$&*,:(:-+,7.$0+//+$D*%3.7(*,($gA.&(I:-+h$+$/.$&*,:+65+,-+ La >/$&.%-+66(*$"*/.j.,,($T$:-.-*$.--+,-.3+,-+$:-50(.-*$+$%+:*$D%5(<(/+$0.$#./).-*%+$?.::(3* E.,&($:*/*$A+%$6/($.,,($LZ_Z1LZYZB$"D%B$9B$"*/.j.,,(@$[$./9-+1!+)$)"/9!+&!"./)!()3'+&!+N)A+-'$66! 7!)P+*/&$/($)A/&+_+((!)C:;<;>:;?;E@$#B$?B$E.,&($O.$&5%.$0(P@$\+/-%(,+//(@$?(/.,*$LY[YB $2+:-.

J5(,0( $ -*-./3+,-+ $ (,+:A/*%.-* $ /C(,-+%* $ A+%(*0* $ &*(,&(0+,-+ $ &*, $ /C+-H $ 6(*/(--(.,. $ + $ (/ 0*A*65+%%.B$$

(16)

0(:&%+A.,7.$,+//.$/*%*$&.A.&(-H$0($(,&(0+%+$(,$5,.$%+./-H$D%.33+,-.-.$0.//C+)+,-* <+//(&*@$(/$A%*-.6*,(:3*$0+/$3*)(3+,-*$0+($/.)*%.-*%($,+/$A%(3*$.,,*$0($A.&+$+0 (/$-+,-.-()*$0($.DD%.,&.%:($0./ $*+'-/(+6$)"a"'$.@$/C*A+%.$:A(+6.-.$0.$9.A*/+*,+ "*/.j.,,($A+%$3.,-+,+%+$(,$)(-.$5,$3*,0*$*%3.($:+A*/-*$0.//+$3.&+%(+$0+//. 65+%%.$&*:-(-5(:&*,*$.$3(*$.))(:*$./&5,($+A(:*0($0.$&5($A.%-(%+$A+%$(,(7(.%+$.0 (,0.6.%+$R$:5 $5,.$:&./.$,+&+::.%(.3+,-+$A(G$.3A(.$0($J5+//.$&*//+6(./+$ R$/+ %+/.7(*,($A*/(-(&'+$(,$J5+:-C.%+.$0+//.$#(&(/(.$,+6/($5/-(3($.,,($0($)(-.$0+//*$#-.-* /(<+%./+B

#*,* $ &*,:.A+)*/+ $ &'+@ $ ./3+,* $ (, $ A.%-+@ $ /+ $ )./5-.7(*,( $ + $ ( $ 6(50(7( $ &'+ $ '* .).,7.-* $ ,+//. $ A%+:+,-+ $ %(&+%&.@ $ &*:n $ &*3+ $ /+ $ &*,&/5:(*,( $ &'+ $ '* $ .77.%0.-*@ %(:+,-*,*$0+//+$3(+$&*,)(,7(*,($+$0+//.$3(/(-.,7.$A*/(-(&.$&'+$+:+%&(-*$:(,$0. J5.,0*$+%*$.0*/+:&+,-+$R$:+3A%+$0.//.$:-+::.$A.%-+$R$(,$#(&(/(.$+@$(,$A.%-(&*/.%+@ ,+/$-+%%(-*%(*$&*%%(:A*,0+,-+$(,$/.%6.$3(:5%.$.//C.3<(-*$6+*6%.I&*$*66+--*$0( J5+:-*$:-50(*B$>,$+DD+--(@$,+/$&*%:*$0+/$/.)*%*$3($T$&.A(-.-*$A(G$)*/-+$0($)()+%+$5,

7%_G)I#@$&*3+$:+$(/$-+3A*$+$($6%.,0($+)+,-($0+//.$:-*%(.$,*,$D*::+%*$%(5:&(-($.

3*0(I&.%+$R$+ $(,$./&5,($&.:($,+33+,* $.$:&./I%+ $R$/.$A%.::($0($6+:-(*,+ $0+/ A*-+%+@ $ 0( $ *%6.,(77.7(*,+ $ + $ 3*<(/(-.7(*,+ $ 0+/ $ &*,:+,:*@ $ 0( $ g6*)+%,* $ 0+/ :*--*:)(/5AA*h$(,)./:.$5,$:+&*/*$D.B$>,$%.6(*,+$0($&(o$T$A%*<.<(/+$&'+$./&5,+ 0+//+ $ *::+%).7(*,( $ D.--+ $ .<<(.,* $ &*(,&(:* $ &*, $ J5+//+ $ &'+ $ .)%+( $ +:A%+::* *::+%).,0*$(/$R$+$/*--.,0*$,+/$R$-+3A*$A%+:+,-+B$9*,$:*$:+$J5+:-*$.<<(.$A*-5-* &*3A%*3+--+%+$/.$)./(0(-H$0+/$3(*$/.)*%*b$3($&*,D*%-.,*$A+%o$/+$&*,:(0+%.7(*,( '-+(9K+('$D.--+$:5$J5+:-*$-+3.$0.$8%(&$W*<:<.p3$1$(,05<<(.3+,-+$5,*$0+($A(G 6%.,0($(,-+//+--5./($0+/$,*:-%*$-+3A*@$./$J5./+$/.$3(.$D*%3.7(*,+$0+)+$-.,-*$1 ,*,$3*/-*$-+3A*$A%(3.$0($/.:&(.%&($/*$:&*%:*$*--*<%+d #*,*$:-.-*$&*,0(7(*,.-*$0.//C+A*&.$(,$&5($'*$)(::5-*@$:+6,.-.$0.//.$#+&*,0.$65+%%.$3*,0(./+@ 0.//+$6%.,0($%()*/57(*,(@$0.$5,$3*,0*$0()(:*$0.//.$65+%%.$D%+00.@$0.//+$/*--+$*A+%.(+$+$:(,0.&./( A+%$%+,0+%+$A(G$53.,*$(/$/.)*%*@$-5--($D.--*%($&'+$'.,,*$(,+)(-.<(/3+,-+$(,i5(-*$:5/$3(*$A+,:(+%* +$:5//+$3(+$*A+%+B $qrs$4*$:-*%(&*$-*-./3+,-+$*<(+--()*$T$5,C5-*A(.@$T$:+3A%+$&*,0(7(*,.-*$,+($:5*($6(50(7(@$:(. &'+$%(65.%0(,*$5,$A.::.-*$/*,-.,*@$:(.$&'+$-*&&'(,*$5,$A.::.-*$A(G$)(&(,*LLB LL 8B$\%.,&+:&'(,(@$S,$-9K%)$""$-$)/4!$''!I!)b)#(2#'/*!+T@$(,-+%)(:-.$(,+0(-.$.$8B$lB$W*<:.<.p3@$]4. 2+A5<</(&.^@$.B$UUUc>>@$,B$QSS@$Q$*--*<%+$QaLQ@$AB$[_B U>

(17)

!"#$%&'&()*

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

< X/Y!D+Z(%K+[,*K+4,66"+\$"$(#$(2"D+!"#$%&"#'()*"++,)-(-(+,.%(#")*"+)/"0#()*12',+%,),+)34)5"667,%( 3843D+)&6K+YD+9:&"#'()*"++,)-(-(+,.%(#")*"%);%7;(#*,7%)<()*%$'7"''%=>)*"++")-7(?%#;">)*"%);(&-,7'%&"#'% *"+)/"0#()*,+)3@)0"##,%()3AAB),+)34)5"667,%()3843D+](7K+*".(&*"6,+[K+^,%$,%&D+_&0"+<>?@`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aaaYW`aaaWS+Y4KD+Z(%K+[,*K 4,66"+\$"$(#$(2"+,+4,6+Q")&%&D+bOA2(&+!,*$%"6,+4(+\$"$(#$(2"D+G','%$'%;,)*"++1"&%07,.%(#")%',+%,#, -"7)+1"$'"7()#"0+%),##%)3834H3833D+](7K+*".(&*"6,+[K+^,%$,%&D+_&0"+<><ED+7K+@?K+QN,0('%".(&*,+#( %()&6',+7%,)"6,*$,0,*$,+),%#&+6N,#$,%&+G<@K===+5*($3D+4(+25(+LKL=E+),%#&+6N/0,%(2"+4,6+9&%4IK !O%K+Y4KD+bOA2(&+4,6+!,*#(0,*$&D +!"#$%&"#'()*"++,)-(-(+,.%(#")*"+)/"0#()*12',+%,),+)34)0%:0#(

3833D + )K + YD + ]")&6"K + YD +E(-(+,.%(#" ) -7"$"#'" ) <*% ) 5,''(=> ) -(-(+,.%(#" ) '"&-(7,#",&"#'" ) ,$$"#'" ) " -(-(+,.%(#" ) 7"$%*"#'" ) <+"0,+"=D + ]")&6"K + YYD +9$$"#'% ) '"&-(7,#",&"#'" ) *,++" ) 7%$-"''%?" ) 5,&%0+%"> ;+,$$%M;,'%)$";(#*()%+)+:(0()*(?1"7,#(),++,)*,',)*"+);"#$%&"#'(D+](7K+*".(&*"6,+[K+^,%$,%&D+_&0"D

<><U`<><BD+77K+<<P`B+,+P>?K

(18)

7&7&6".(&*, + $,07&%"*,"0,*$, + "##,*$,I + , + /(4&*, + G<UDU?FIK + 9,6 + $,%%($&%(& ,**,#,D+(*),2,D+6N,#&4&+#(+"$$,#$"+#5+6(),66(+2,%$"0,*$,+(*O,%(&%(D+75%+(*+5*+R5"4%& 2&076,##()&+*&*+2,%$&+2&*O&%$"*$,1+(6+PDE>F+4,66"+7&7&6".(&*,+%,#(4,*$,+%(#56$" $,07&%"*,"0,*$, + "##,*$,D + "*2J, + #, + V + !"6"#2(C,$$"D + 2&* + ( + #5&( + <KPL= + "C($"*$( ,0('%"$(+G(6+<PDBFID+"+O"%+#"6(%,+0&6$&+(*+"6$&+6"+0,4("+4,6+2&66,'(&+G),4(+]"C,66" <KIK++

QN"*"$&0("+4,66,+2(%2&#2%(.(&*(+7%,#,+(*+,#"0,+)(,*,+$"60,*$,+#2&##"+4"+$"6( 7&4,%&#(+,+%,7,*$(*(+O,*&0,*(+2J,D+"(+A*(+4,66"+*&#$%"+(*4"'(*,D+*&*+#,0C%" "77%&7%("$&+5$(6(.."%,+6N"77%&22(&+$%"4(.(&*"6,+4,'6(+#$54(+,6,$$&%"6(D+#7,2(,+7,% 6N,$3 + 6(C,%"6,D + C"#"$& + #5 + 5*" + 4(OO,%,*.(".(&*, + $%" + 2&66,'( + c%5%"6(d + , + 2&66,'( c5%C"*(d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eD + $5$$")("D + *&* + 2&%%(#7&*4, + 5* + 5*(O&%0, + 7%&2,##& + 4( (*5%C"0,*$&K+Q"+0&%O&6&'("+$,%%($&%("6,+4,6+2&66,'(&+"%0,%(*&+O")&%(#2,+5*+7(H "6$&+6(),66&+4(+2&*2,*$%".(&*,+4(+"C($"*$(D+0"+(*+,*$%"0C(+)(+#&*&+4(#2%,7"*., *&$,)&6(+4"+2&05*,+"+2&05*,1+#(+)"+4"+5*"+4,*#($3+4(+7&7&6".(&*,+4(+<?DE+" W"6'5"%*,%"+"4+5*"+4(+?DE=+"4+/(4&*,D+7,%+6"+2(%2&#2%(.(&*,+4(+-(".."+/%0,%(*"D ,+4"+ED?<+"+W(66"%&#"+"+?DLE+"+!"#$%&'(&)"**(+G)"6,+"+4(%,+(6+2"7&65&'&fI+7,%+(6 2&66,'(& + ,**,#,K + Y* + ,*$%"0C, + 6, + 2(%2&#2%(.(&*( + 6" + 7,%2,*$5"6, + 4( + 7&7&6".(&*, #7"%#"+V+#&#$"*.("60,*$,+(*#('*(A2"*$,1+"+W(66"%&#"+#(+"$$,#$"+"66N<D>LFD+0,*$%,+(6 O,*&0,*&+V+"44(%($$5%"+"##,*$,+"+\"*$"+!"$,%(*"+W(66"%0&#"+4&),+$5$$,+6,+@K<UB O"0('6(, + 7%,#,*$( + %(#56$"*& + "''6&0,%"$,S + *,6 + 2&66,'(& + "%0,%(*&D + (*),2,D + 4&),

U /+ $($&6& + ,#,076(A2"$()& + 2O%K +:K + X"*"D +N, ) O*"&(;7,.%, ) *"#'7( ) " ) 5:(7% ) %+ ) -,7+,&"#'(P ) , ) M#"

Q''(;"#'(D+g\$54(+\$&%(2(hD+"K+aaaWYYD+*K+UD+&$$&C%,`4(2,0C%,+<>>BD+77K+<?=E`<PES+XK+_(4&6AD R"+)$"0#()*"+)?('(D)J+".%(#%>)7,--7"$"#',#.,)");:+':7")-(+%'%;S")#"++12',+%,)+%6"7,+"D+!"%&22(D+_&0" @???S+-KQK+^"66(*(+G"+25%"+4(ID+N,)I:"$'%(#")"+"''(7,+")#"++,)$'(7%,)*12',+%,D+EK+)&66D+/%2J()(&+#$&%(2& 4,66"+!"0,%"+4,(+Z,75$"$(D+_&0"+@??E`@??L`@?<<D+(*+7"%$(2&6"%,+)K+YYD +T,)!7%$-%),)U%(+%''% <3A8VH383V=D+_&0"+@??LD)[(3+6,+(*4"'(*(+4(+/6,##"*4%&+\2J(")(D+$%"+(+7%(0(+"4+"),%+,#"0(*"$& (+2&07&%$"0,*$(+,6,$$&%"6(+4,'6(+($"6("*(+"'6(+"6C&%(+4,6+aa+#,2&6&D+,%"*&+#,'*"$,+4"+R5,#$" 4(#$(*.(&*,K+!O%K+Y4D+E7(07,&&%>)?('%)"*)"+"''%)#"%);(&%.%)-(+%'%;%)*"+)3848D+gQ"+_(O&%0"+\&2("6,hD+OK ED+<>?>K+\5(+2&*$%(C5$(+4,66&+#$54(&#&+,0(6("*&+(*+',*,%"6,+)K+XK+_(4&6AD+R"+)$"0#()*"+)?('()2($KD 77K+<<B`@UK+ P Y07&%$"*$(+#&66,2($".(&*(+#5+R5,#$(+"#7,$$(+#&*&+2&*$,*5$,+(*+XK+\2"$$"%,''("D+9#,'(&%,)*%):# ;(7-()"+"''(7,+"W)+");%7;($;7%.%(#%)-(+%'%;S")*"+)N,.%()%#)"'X)+%6"7,+"D+g-"##"$&+,+-%,#,*$,hD+*K+<=D #,$$,0C%,`4(2,0C%,+<>==D+77K+EE`L?D+0"+)K+75%,+6,+2&*#(4,%".(&*(+4(+:K+X"*"+#56+2&66,'(&+4( !5*,&+*,6+#5&+N,)-7(5"$$%(#")*%)*"-:','()2($KD+77K+@EP`P<D+(*+7"%$(2&6"%,+77K+@EL`=K @

(19)

75%,+6N(*4(2"$&%,+%,'(#$%"+2&076,##()"0,*$,+5*"+0"''(&%,+7%,#,*."+4(+(*4()(45( #7"%#(+G<=DUUF+"+O%&*$,+4,66N=D@@F+4,66"+2(%2&#2%(.(&*,+,**,#,ID+6"+R5"*$($3+4( 7&7&6".(&*,+"''%,'"$"+(*+&'*(+#(*'&6&+2&05*,+V+#&),%2J("*$,D+&#2(66"*4&+$%"+(6 >?F+,+(6+>LFK+!,%$"0,*$,+#('*(A2"$()(D+7&(D+#&*&+(+4"$(+%,6"$()(+"(+2"7&65&'J( 4&),+6"+7%&7,*#(&*,+c2,*$%(O5'"d+4,66,+O"0('6(,D+75%+*&*+"5$&%(.."*4&+(7&$,#( 4(+$,*4,*.("6(+7%&2,##(+4(+%5%"6(..".(&*,D+%(#56$"+7(H+"22,*$5"$"+G(6+<?D@LF+4,66, O"0('6(,+4(+!"#$%&'(&)"**(+,+C,*+(6+EED<?F+4(+R5,66,+"%0,%(*,I+G),4(+]"C,66"+@KIK \566"+#2&%$"+4(+R5,#$,+2&*#(4,%".(&*(+7&##("0&+"OO,%0"%,+2J,+(+2&66,'(+,6,$$&%"6( &'',$$& + 4,66" + *&#$%" + (*4"'(*, + "##,0C%"*& + 2&05*( + 2J, + 2&*$,*'&*& + $5$$, + 6, $(7(2($3+4,66,+,07('(Y#$+#(2(6("*,BK+Y6+7",#"''(&+6"$(O&*4(#$(2&+G,+6"+#$%5$$5%"+#&2("6,

"4 + ,##& + 2&**,##"ID + 45*R5,D + "6 + 2,*$%& + 4,6 + R5"6, + #&*& + 2&66&2"$, + 6, + 45, 2(%2&#2%(.(&*(D+7(5$$&#$&+2J,+#"*2(%,+6"+c%5%"6($3d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c(*'"''("$(d+,D+(*+',*,%"6,D+#&6&+*,66Nd"0C(,*$,+7",#"*&d+J"**& 6"+7&##(C(6($3+4(+"22,4,%,+"(+2&076,##(+2(%25($(+%,6".(&*"6(+4(+#2"0C(&+4,66"+O&%." 6")&%&LK+ !&0,+"CC("0&+)(#$&D+6"+7%,#,*."+4,6+&(#(-(+%()#,':7,+"+*,66N,*$%&$,%%"+#(2(6("*& (*i5,*."+2&#$"*$,0,*$,+(6+0,%2"$&+4,6+6")&%&S+4(O"$$(D+0,*$%,+(*$&%*&+"'6(+"**( N>?+4,6+aYa+#,2&6&D+6"+c2&%#"+"66&+.&6O&d+4,(+7%&7%(,$"%(+$,%%(,%(+`+7"4%&*(+"##&65$(D &6$%, + 2J, + 4,66"+ #57,%A2(,D + "*2J, + 4,6 +#&$$&#5&6& + ` + "),)" +#&66,2($"$& + 6N"50,*$& 4,66"+7&7&6".(&*,+7%,#,*$,+*,6+$,%%($&%(&+*(##,*&D+6"+2%(#(+4,66N"$$()($3+,#$%"$$()" "66N"6C"+4,6+*5&)&+#,2&6&+*,+"),)"+4,$,%0(*"$&+(6+4%"#$(2&+%(4(0,*#(&*"0,*$&K Q"+R5"*$($3+4(+&7,%"(+&2257"$(+*,6+C"2(*&+0(*,%"%(&D+2J,+*,66N56$(0&+),*$,**(& 4,66N=??+,%"+2&#$"*$,0,*$,+6(,)($"$"+G2&*'(5*$"0,*$,+"6++*50,%&+4(++0(*(,%,+,4 "66"+%,6"$()"+2"7"2($3+7%&45$$()"ID+$%"+(6+<>?<+,+(6+<><<+#(+2&*$%",+4(+&6$%,+<jU B !O%K+[K+^"%&*,D+J0"&(#%"):76,#")")-('"7")+(;,+")2($KD+77K+<><`@??K++ L Y6+$,%0(*,+C&%',#,+G6:70%$%I+(4,*$(A2"+6"+A'5%"+4,6+2&*$"4(*&+%(22&+2J,+43+6")&%&+"4+"6$%(K+\( $%"$$"+R5(*4(+4(+5*+2,$&+c4(+0,..&dD+2J,+#(+2&*$%"77&*,+k+"##(,0,+"6+cC&%'J,#,d+$%"4(.(&*"6, `+g$"*$&+"66N"%(#$&2%".("+,l+O,54"6,D+2J,+)(),+*,66,+'%"*4(+2($$3D+R5"*$&+"+7"#$&%(+,+C%"22("*$( 0('%"*$(D+(6+25(+#,'*&+4N(*O,%(&%($3+#$"+"775*$&+*,6+4&),%+%(#(,4,%,+7,%+C5&*"+7"%$,+4,66N"**& (*+2"07"'*"D+(#&6"$(+4"66"+2&05*($3K+Z"+R5(+(6+%(A5$&+&#$(*"$&+4,66,+O"0('6(,+2&*$"4(*,+"4 "*4"%,+"+)(),%,+O5&%(+7",#,+mnohK+!O%K+\K+Q57&D+Z7,);"#'7()")-"7%5"7%,D)G:%)&(*%)*"++1,007"0,.%(#" -(+%'%;,)#"+)["..(0%(7#();(#'"&-(7,#"(D+gX,%(4("*"hD+!%7;:%'%)-(+%'%;%D+*K+@D+',**"(&+<>>=D+7K+<E` P?D+(*+7"%$(2&6"%,+77K+E=+,+U?`<K+Q"+2($".(&*,+V+"66,+77K+U?`<K++ E

(20)

7"##"*4&+4"+@?K=EE+"+<PKP=<=K+Q"+0"*2"$"+%(#&65.(&*,+4(+75*$(+2%52("6(+G6,'"$(

"66" + #$%5$$5%" + #,0(O,54"6, + 4,6 + #,$$&%,D + "66" + #5" + "%%,$%"$,.." + $,2*&6&'(2"D "66N(*"4,'5"$&+#(#$,0"+*&%0"$()&+4(+%,'&6"0,*$".(&*,+4,66"+7%&7%(,$3+,+4,66N5#& 4,6+#&$$&#5&6&I+*&*+%,##,D+45*R5,D+"66"+#O")&%,)&6,+2&*'(5*$5%"+,2&*&0(2"+2J, *,6 + 4,2,**(& + 4( + A*, + #,2&6& + (*),#$()" + )"#$( + #,$$&%( + 4,66N(*45#$%(" + ,5%&7,"D )"*(A2"*4& + R5,6 + 7%&2,##& + 4( + 0&C(6($3 + 2J, + 75%, + (* + 5* + 2&*$,#$& + "%%,$%"$& + , "77"%,*$,0,*$,+#$"$(2&D+2&0,+R5,66&+0(*,%"%(&+4,6+*(##,*&D+#(+,%"+#)(6577"$&>K Y6+4(*"0(#0&+#&2("6,+%(#2&*$%"$&+*,6+#,$$&%,+.&6AO,%&+$%&)"+7"%.("6,+2&*O,%0" "*2J,+(*+R5,66&+"'%(2&6&K+9,6+<>?<+(6+*50,%&+4(+(*4()(45(+"44,$$(+"6+6")&%&+4,66" $,%%"+#(+(*2%,0,*$"+4,6+E@DLF+%(#7,$$&+"6+<==<D+7"##"*4&+4"+PPK>BL+"+C,*+LUK@=?+, "$$,#$"*4&#(D+*,6+<><<D+"+LEKBU>+5*($3D+4(+25(+C,*+&6$%,+(6+B?F+GUPKP<>+7,%#&*,I #&*&+g'(&%*"6(,%(+4(+2"07"'*"hD+>KBUB+g0,.."4%(+ &+2&6&*(hD+UK@B=+g2&*$"4(*( &CC6('"$(h + , + EK=?> + gA$$")&6(h<?K + ]"6, + O,*&0,*& + 2&(*2(4, + 2&* + 5*" + ',*,%"6,

,#$,*#(&*,+4,66N"%,"+2&6$()"$"+"+O%50,*$&+,+2&*+5*"+0"''(&%,+2&*2,*$%".(&*, 4,66"+7%&7%(,$3+$,%%(,%"D+2&0,+*($(4"0,*$,+(665#$%"$&+4"66"+#$"$(#$(2"+,6"C&%"$"+4" [(&)"**( + Q&%,*.&*(D + 4,6,'"$& + $,2*(2& + 4,66" + \&$$&'(5*$" + 7,% + 6" + \(2(6(" + 4,66" !&00(##(&*, + 7"%6"0,*$"%, + 4N(*2J(,#$" + 2K4K + c;"(*"dD + 4"6 + *&0, + 4,6 + #5& -%,#(4,*$,<<K+ 9,6+<>?LD+ #5+ 5*"+,#$,*#(&*, +4( +E@@K=BUD>@+,$$"%( +4,66"+7%&)(*2(" = ]%" +(6 + <==L +, + (6 +<=>ED + )"6, + "+ 4(%, +*,6+ 7(,*& +6((&+ 4,6+ 0,%2"$& + .&6AO,%&D+ 6, + 0(*(,%, + 4,66"

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

YWD + ]")&6"K + WYD +E(-(+,.%(#" ) -7"$"#'"> ) *% ) "'X ) $:-"7%(7" ) , ) *%";% ) ,##%> ) ;+,$$%M;,', ) -"7 ) $"$$( ) " ) -"7

-7(5"$$%(#")();(#*%.%(#"D+77K+ELU`=<D+E=U`PD+E>@`U?ED+UEU`PD+UE=`>D+UUU`>D+UPB`BEK++

> \56 + 05$"0,*$& +4,66" + 2&07&#(.(&*, + #&2("6, + 4,66, +\+%'"$+ 7%&7%(,$"%(, + "*2J, + (* + R5,#$" + O"#,

4,26(*"*$,+4,6+#,$$&%,+.&6AO,%&+2O%K+[K+^"%&*,D+C(7&,.%(#")")*";+%#()*%):#)&(#(-(+%()#,':7,+")2($KD 77K+=E`US+7,%+5* +R5"4%& +#(*$,$(2& +4,66, +)(2,*4, +6,'"$,+"66N(*45#$%(" +.&6AO,%"+#(2(6("*" +O%" 6N56$(0& + 4,2,**(& + 4,66N8$$&2,*$& + , + 6N(*(.(& + 4,66" + 2&*i"'%".(&*, + C,66(2" + 2O%K + Y4KD

/%$'7:'':7,.%(#")");7%$%)*"+)6+(;;(),07,7%(D)T,%)5,$;%)$%;%+%,#%),+)-7%&()*(-(0:"77,D+(*+//KWWKD+E('"7" ")$(;%"'X)%#)G%;%+%,)2($KD+77K+U@`P?K

<? X/Y!D+Z(%K+[,*K+4,66"+\$"$(#$(2"D+!"#$%&"#'()*"++,)-(-(+,.%(#")*"+)/"0#()*"+)/"0#()*12',+%,),+)V3

*%;"&67")3AA3D+)K+YYYD+E(-(+,.%(#");+,$$%M;,',)-"7)-7(5"$$%(#")<"$;+:$%)%)6,&6%#%)$(''()0+%)(''(),##%=> -"7 ) -7(?%#;%, ) " ) ;%7;(#*,7%(D + ](7K + ^&4&*("*"D + _&0" + <==ED + 77K + <@? + #''S+ !"#$%&"#'( ) *"++, -(-(+,.%(#" ) *"+ ) /"0#( ) *12',+%, ) ,+ ) 34 ) 5"667,%( ) 3843D + )K + YYY + 2($KD + 77K + @L@`ES + !"#$%&"#'( ) *"++, -(-(+,.%(#")*"+)/"0#()*12',+%,),+)34)0%:0#()3833)2($KD+)K+YWD+]")&6"K+WYD+E(-(+,.%(#")-7"$"#'">)*%)"'X $:-"7%(7"),)*%";%),##%>);+,$$%M;,',)-"7)$"$$()")-"7)-7(5"$$%(#")();(#*%.%(#"D+77K+ELU`PD+U??`ED+UEU`P+, UB?`EK << Y6+4(#,'*&+4(+6,'',+7,%+6"+O&%0".(&*,+4,66"+!&00(##(&*,+4N(*2J(,#$"++`+)&6$"+"4+"22,%$"%,+6, 2&*4(.(&*(+4,(+6")&%"$&%(+4,66"+$,%%"+*,66,+7%&)(*2,+0,%(4(&*"6(+,+(*+\(2(6("+g,4+(+6&%&+%"77&%$( 2&*+(+7%&7%(,$"%(+,+#7,2("60,*$,+6"+*"$5%"+4,(+7"$$(+"'%"%(h+`+O5+"77%&)"$&+4"66"+!"0,%"+4,( 4,75$"$(+(6+U+65'6(&+,+4"6+\,*"$&+(6+<U+65'6(&D+4(),*,*4&+6,'',+(6+<>+65'6(&+<>?BK+!O%K+!"0,%" 4,(+Z,75$"$(D+/$$(+7"%6"0,*$"%(D +T%$;:$$%(#%D+Q,'(#6"$5%"+aaYY"D+#,45$"+4,6+U+65'6(&+<>?BD+7K ==EBS+\,*"$&+4,6+_,'*&D+/$$(+7"%6"0,*$"%(D)T%$;:$$%(#%D+Q,'(#6"$5%"+aaYY"D+<"+#,##(&*,D+#,45$" 4,6+<U+65'6(&+<>?BD+77K+U??E`<=@K+Q"+!&00(##(&*,+,%"+O&%0"$"+4"+4(2(&$$&+0,0C%(1+4(,2( U

Riferimenti

Documenti correlati

Ratzel articola e fonda la sua teoria sulla premessa biologica diffusionista della migra- zione delle popolazioni, dinamizzando la nozione di equilibrio e ordine politico attra-

Oggetto: Utilizzo residuo capitale da somministrare accertato sui mutui diversi per il finanziamento di nuovi investimenti - Richiesta di devoluzione della cassa depositi

Il Presidente del Consiglio comunale chiariti i rilievi mossi dal consigliere Capizzi pone all’ordine del giorno il regolamento per l’addizionale Irpef e procede alla

Il Presidente del Consiglio, dopo il breve intervento del consigliere Calamaio, legge la proposta deliberativa all’ordine del giorno ed inizia dal primo punto

Procediamo dunque ad esaminare in dettaglio la suddivisione dei collegi elettorali del sud- est siciliano, in base alla nuova legge elettorale, e proviamo a fare delle simulazioni

Di Vita, Marmi colorati e marmi ritrovati della Villa Romana del Casale.. Gallocchio, I mosaici delle terme della villa

O.R.3: Realizzare un prototipo di &#34;Sistema Informativo Integrato&#34; per la tracciabilità/rintracciabilità di piante di agrumi certificate prodotte nella filiera vivaistica

L'obiettivo della ricerca è stato quello di fornire un contributo al miglioramento dell'efficienza dell'irrigazione della coltura agrumicola. A tal fine, sono state