portfolio master biblo

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Imrmjs Fh~dms Jfq~mr Bcbdcgorf{`s 2 Lmbr}frs 2;66 Fhnmrqgh$ Bmhmnca~  Cjfochmn Agjj}hc~cmq Hmw Sgre9 \mrqg$ 2;;< F|nmm| F$ Bd}j$ F$ ^rgc~qefcf$ C$ fhn @ I}bs —[mfqfh~ Jfrrcfom ch Hchm~mmh~`*Amh~}rs R}qqcf‚ [g{}df~cgh (Mhodcq` Mnc~cgh# =39< (2;;># ?26*?<> Lmw chq~c~}~cghq `mdn q}a` amh~rfd cj{gr~fham ~g f {mfqfh~ agjj}hc~s ~`fh Jfrrcfom$ mq{macfdds lgr R}qqcfh {mfqfh~ {g{}df~cghq w`g {rfa~camn }hc|mrqfd jfrrcfom fhn lrfjmn fn}d~ dfbgr gbdcof~cghq ch ~mrjq gl `}qbfhn*wclm wgre ~mfjq ]~cdcycho {frcq` rmocq~mrq fhn ~fp rm|cqcgh dcq~q gl ~`rmm |cddfomq bmdghocho ~g fh mq~f~m hmfr Jgqagw$ ~`m f}~`grq aghn}a~mn f nmjgorf{`ca q}r|ms gl jfrrcfom hm~wgreq ^`ms lg}hn jgrm {f~rcdgafd bm`f|cgr gaa}rrcho bmlgrm Mjfhac{f~cgh$ w`mh Dgrnq wmrm jgrm rmd}a~fh~ ~g fddgw ~`mcr qmrlq ~g dmf|m ~`m mq~f~m lgr jfrrcfom g}~qcnm ~`m mq~f~m/q |cddfomq$ w`mrmfq {gq~*Mjfhac{f~cgh {rmqq}rmq gl }rbfhcyf~cgh fhn dggqmhcho gl qgacfd agh|mh~cghq m|mh~}fdds nmq~fbcdcymn ~`m jfrrcfom jgnmd {rfa~camn lgr amh~}rcmq Mpamddmh~ q}r|ms gl {mfqfh~ hm~wgre bm`f|cgr fhn fhfdsqcq gl qg}ram*bfqmq `md{l}d lgr rmaghq~r}a~cho qcjcdfr jfrrcfom bm`f|cgr gh g~`mr mq~f~mq F|rca`$ [f}d R}qqcfh Rmbmdq9 6<;;*60;; __ Hgr~gh , Agj{fhs$ 63?2 F afqm q~}ns ch|gd|cho lg}r lfjg}q R}qqcfh rmbmdq w`g$ ch ~`mcr ~cjm$ fjfqqmn {g{}dfr qmh~cjmh~ fhn lgramq ~`f~ ~`rmf~mhmn ~`m J}qag|c~m q~f~m f~ |frcg}q `cq~grcafd q~fomq Bfrgh$ Hcae fhn [m~mr Of~rmdd —[g{}df~cgh Ncq{dfamjmh~$ Q~f~m*B}cdncho$ fhn Qgacfd Cnmh~c~s ch ~`m Dfhnq gl ~`m Lgrjmr R}qqcfh Mj{crm$ 636?*6321‚ Erc~cef >96 (2;;1# =6* 6;; Hcae Bfrgh fhn [m~mr Of~rmdd/q fr~cadm mpfjchcho ~`m mllma~ gl {g{}df~cgh ncq{dfamjmh~ gh ~`m lgrj}df~cgh gl Mfq~mrh M}rg{m fhn ~`m Qg|cm~ ]hcgh/q qmhqm gl /cnmh~c~s/ fhn jcqqcgh gl hf~cgh*b}cdncho {rg|cnmq ch*nm{~` ~`mgrm~cafd fhn {rcjfrs qg}ram m|fd}f~cgh ch grnmr ~g nmjghq~rf~m ~`m lfddfas gl dggecho f~ {g{}df~cghq qgdmds fq /qmnmh~frs/ gr /c~chmrfh~/ Lfr lrgj bmcho {gwmrdmqq$ rml}ommq af}o`~ ch ~`m qwcrdcho aghl}qcgh gl {gq~*wfr Mfq~mrh M}rg{m jfnm qcohclcafh~ agh~rcb}~cghq ~g ~`m nmlchc~cgh gl /`gjmdfhn/$ /{dfam/$ /mpcdm/$ /hf~cgh/$ /q~f~m/$ m~a ^`cq$ ch ~}rh$ {rgj{~mn r}dcho f}~`grc~cmq ch ~`m hmw hf~cgh*q~f~mq ~g m|fd}f~m w`f~ agj{rcqmn ~`mcr /agrm/ ac~cymhrs$ fh fr~ca}df~cgh ~`f~ q{}rrmn fhn adfrclcmn {gdcacmq gl fqqcjcdf~cgh gr fdcmhf~cgh gl jchgrc~s {g{}df~cghq Fh mpamddmh~ fhn |mrs ~`grg}o` f{{rgfa` ~g f ~g{ca ~`f~ nrmw charmfqcho f~~mh~cgh ch ~`m dfq~ nmafnm$ Of~rmdd fhn Bfrgh/q wgre brchoq hmw v}mq~cghq ~g ~`m q~}ns gl lgrjcho hf~cgh*q~f~mq fhn f ~`mgrm~cafd f{{rgfa` ~`f~ nmlchc~mds nmqmr|mq jgrm q~}ns fhn cj{dmjmh~f~cgh Bfr~dm~~$ Rgomr mn  Dfhn Agjj}hm fhn [mfqfh~ Agjj}hc~s ch R}qqcf9 Agjj}hfd Lgrjq ch Cj{mrcfd fhn Mfrds Qg|cm~ Qgacm~s Q~ Jfr~ch/q [rmqq$ 633; Bf}nrcddfrn$ Imfh Qmdma~mn _rc~choq$ mn Jca`fmd [gqhmr Q~fhlgrn9 Q~fhlgrn ]hc|mrqc~s [rmqq Bmddm~~g$ Q~m|mh —^`m Ofjm ^`mgrs Hfrrf~c|m fhn ~`m Js~` gl ~`m Hf~cghfd Qma}rc~s Q~f~m‚ Fjmrcafh V}fr~mrds <692 (2;;3# 111*1=?

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Page 1: Portfolio Master Biblo

8/8/2019 Portfolio Master Biblo

http://slidepdf.com/reader/full/portfolio-master-biblo 1/16

Imrmjs Fh~dmsJfq~mr Bcbdcgorf{`s

2 Lmbr}frs 2;66

Fhnmrqgh$ Bmhmnca~ Cjfochmn Agjj}hc~cmq Hmw Sgre9 \mrqg$ 2;;<

F|nmm| F$ Bd}j$ F$ ^rgc~qefcf$ C$ fhn @ I}bs —[mfqfh~ Jfrrcfom ch Hchm~mmh~`*Amh~}rsR}qqcf‚ [g{}df~cgh (Mhodcq` Mnc~cgh# =39< (2;;># ?26*?<>

Lmw chq~c~}~cghq `mdn q}a` amh~rfd cj{gr~fham ~g f {mfqfh~ agjj}hc~s ~`fhJfrrcfom$ mq{macfdds lgr R}qqcfh {mfqfh~ {g{}df~cghq w`g {rfa~camn }hc|mrqfd jfrrcfomfhn lrfjmn fn}d~ dfbgr gbdcof~cghq ch ~mrjq gl `}qbfhn*wclm wgre ~mfjq ]~cdcycho {frcq`rmocq~mrq fhn ~fp rm|cqcgh dcq~q gl ~`rmm |cddfomq bmdghocho ~g fh mq~f~m hmfr Jgqagw$ ~`mf}~`grq aghn}a~mn f nmjgorf{`ca q}r|ms gl jfrrcfom hm~wgreq ^`ms lg}hn jgrm{f~rcdgafd bm`f|cgr gaa}rrcho bmlgrm Mjfhac{f~cgh$ w`mh Dgrnq wmrm jgrm rmd}a~fh~ ~gfddgw ~`mcr qmrlq ~g dmf|m ~`m mq~f~m lgr jfrrcfom g}~qcnm ~`m mq~f~m/q |cddfomq$ w`mrmfq{gq~*Mjfhac{f~cgh {rmqq}rmq gl }rbfhcyf~cgh fhn dggqmhcho gl qgacfd agh|mh~cghqm|mh~}fdds nmq~fbcdcymn ~`m jfrrcfom jgnmd {rfa~camn lgr amh~}rcmq Mpamddmh~ q}r|ms gl 

{mfqfh~ hm~wgre bm`f|cgr fhn fhfdsqcq gl qg}ram*bfqmq `md{l}d lgr rmaghq~r}a~cho qcjcdfrjfrrcfom bm`f|cgr gh g~`mr mq~f~mq

F|rca`$ [f}d R}qqcfh Rmbmdq9 6<;;*60;; __ Hgr~gh , Agj{fhs$ 63?2

F afqm q~}ns ch|gd|cho lg}r lfjg}q R}qqcfh rmbmdq w`g$ ch ~`mcr ~cjm$ fjfqqmn{g{}dfr qmh~cjmh~ fhn lgramq ~`f~ ~`rmf~mhmn ~`m J}qag|c~m q~f~m f~ |frcg}q `cq~grcafdq~fomq

Bfrgh$ Hcae fhn [m~mr Of~rmdd —[g{}df~cgh Ncq{dfamjmh~$ Q~f~m*B}cdncho$ fhn QgacfdCnmh~c~s ch ~`m Dfhnq gl ~`m Lgrjmr R}qqcfh Mj{crm$ 636?*6321‚ Erc~cef >96 (2;;1# =6*6;;

Hcae Bfrgh fhn [m~mr Of~rmdd/q fr~cadm mpfjchcho ~`m mllma~ gl {g{}df~cghncq{dfamjmh~ gh ~`m lgrj}df~cgh gl Mfq~mrh M}rg{m fhn ~`m Qg|cm~ ]hcgh/q qmhqm gl /cnmh~c~s/ fhn jcqqcgh gl hf~cgh*b}cdncho {rg|cnmq ch*nm{~` ~`mgrm~cafd fhn {rcjfrs qg}ramm|fd}f~cgh ch grnmr ~g nmjghq~rf~m ~`m lfddfas gl dggecho f~ {g{}df~cghq qgdmds fq/qmnmh~frs/ gr /c~chmrfh~/ Lfr lrgj bmcho {gwmrdmqq$ rml}ommq af}o`~ ch ~`m qwcrdchoaghl}qcgh gl {gq~*wfr Mfq~mrh M}rg{m jfnm qcohclcafh~ agh~rcb}~cghq ~g ~`m nmlchc~cgh gl /`gjmdfhn/$ /{dfam/$ /mpcdm/$ /hf~cgh/$ /q~f~m/$ m~a ^`cq$ ch ~}rh$ {rgj{~mn r}dcho f}~`grc~cmqch ~`m hmw hf~cgh*q~f~mq ~g m|fd}f~m w`f~ agj{rcqmn ~`mcr /agrm/ ac~cymhrs$ fh fr~ca}df~cgh~`f~ q{}rrmn fhn adfrclcmn {gdcacmq gl fqqcjcdf~cgh gr fdcmhf~cgh gl jchgrc~s {g{}df~cghqFh mpamddmh~ fhn |mrs ~`grg}o` f{{rgfa` ~g f ~g{ca ~`f~ nrmw charmfqcho f~~mh~cgh ch ~`mdfq~ nmafnm$ Of~rmdd fhn Bfrgh/q wgre brchoq hmw v}mq~cghq ~g ~`m q~}ns gl lgrjchohf~cgh*q~f~mq fhn f ~`mgrm~cafd f{{rgfa` ~`f~ nmlchc~mds nmqmr|mq jgrm q~}ns fhn

cj{dmjmh~f~cghBfr~dm~~$ Rgomr mn  Dfhn Agjj}hm fhn [mfqfh~ Agjj}hc~s ch R}qqcf9 Agjj}hfdLgrjq ch Cj{mrcfd fhn Mfrds Qg|cm~ Qgacm~s Q~ Jfr~ch/q [rmqq$ 633;

Bf}nrcddfrn$ Imfh Qmdma~mn _rc~choq$ mn Jca`fmd [gqhmr Q~fhlgrn9 Q~fhlgrn ]hc|mrqc~s[rmqq

Bmddm~~g$ Q~m|mh —^`m Ofjm ^`mgrs Hfrrf~c|m fhn ~`m Js~` gl ~`m Hf~cghfd Qma}rc~sQ~f~m‚ Fjmrcafh V}fr~mrds <692 (2;;3# 111*1=?

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Ofjm ^`mgrs {rgjcqmn ~`m fn|mh~ gl f jfhfomfbdm$ {rmnca~fbdm h}admfr wgrdn ch~`m 63=;/q$ f qgg~`cho qfd|m lgr ~`m fhpcm~s mp{mrcmhamn bs Fjmrcafh {gdcasjfemrq wc~`~`m rcqm gl jfqqc|m h}admfr q~gae{cdmq fhn `fcr*~rcoomr fdmr~q Bmddm~~g mp{dgrmq `gw ~`cqbrfha` gl jf~`mjf~caq cj{fa~mn Fjmrcafh a}d~}rm ~`rg}o` hg|mdq fhn lcdjq {rgn}amn ch~`f~ mrf$ hg~cho ~`f~ w`cdm chc~cfd mllgr~q dchemn ~`m jfhfomjmh~ gl h}admfr wfr ~g

mdmjmh~q lfjcdcfr ch {gemr$ df~mr wrc~mrq fhn lcdjjfemrq wg}dn {rgbm ~`m }hamr~fch~s fhn/rf~cghfd/ jfnhmqq ~`m Ofjm ^`mgrs Hfrrf~c|m {rg|cnmn$ mpmj{dclcmn bmq~ ch bggeq fhnjg|cmq dcem Lfcd Qflm fhn Nr Q~rfhomdg|m$ rmq{ma~c|mds ]d~cjf~mds Bmddm~~g aghad}nmq~`f~ ghm dfq~cho dmofas gl ~`m Ofjm ^`mgrs Hfrrf~c|m wfq ~`m rmn}a~cgh gl ~`m qg*afddmn/~`crn wgrdn/ hf~cghq ch~g jmrm {cmamq ~g bm {dfsmn ch ~`m omg*{gdc~cafd ofjm bm~wmmh ~`m]Q fhn ~`m ]QQR

Bmhedmr$ Sga fc ^`m _mfd~` gl Hm~wgreq9 @gw Qgacfd [rgn}a~cgh ^rfhqlgrjq Jfrem~qfhn Lrmmngj Hmw @f|mh9 Sfdm ]hc|mrqc~s [rmqq$ 2;;<

Lga}qcho gh ~`m rmamh~ mp{dgqcgh gl ncoc~fd hm~wgrecho ~ma`hgdgos$ Sga`fcBmhedmr ~faedmq ~`m |frcg}q fq{ma~q ~`m hmw chlgrjf~cgh maghgjs nmjfhnq gl ~`m qgacfdaghlco}rf~cghq ch dcbmrfd$ nmjgarf~ca q~f~mq _c~` ~`m fn|mh~ gl a`mf{$ hm~wgremn

agj{}~mr {gwmr f|fcdfbdm ~g f orgwcho qmojmh~ gl ~`m wgrdn/q {g{}df~cgh$ hmw jgnmdq gl qgacfd {rgn}a~cgh }~cdcycho {mmr {rgn}a~cgh ~ma`hcv}mq frm rmjfecho ~`m cnmf gl jfrem~bfqmn qgd}~cghq ~g aghq}jmr hmmnq Fnnc~cghfdds$ ~`m hm~wgremn chlgrjf~cgh maghgjsfddgwq lgr f rfhom gl {gqqcbcdc~cmq ~g {}rq}m |fd}mq mq{g}qmn bs dcbmrfd nmjgarfacmqg}~qcnm gl ~`f~ mhag}h~mrmn bs ac~cymhq gl ~`m 2; ~` amh~}rs Bmhedmr brmfeq `cq fhfdsqcqch~g ~`rmm {fr~q5 ~`m lcrq~ nmfdq wc~` ~`m mdmjmh~q ~`f~ jfem }{ ~`m hmw hm~wgremnchlgrjf~cgh maghgjs$ ~`m qmaghn wc~` {gdc~cafd cqq}mq q}rrg}hncho cnmfq gl {rg{mr~s ~`f~fddgw lgr l}r~`mr nm|mdg{jmh~ gl f}~ghgjs$ fhn ~`crn ~`m a}rrmh~ ch~mddma~}fd {rg{mr~smhadgq}rm jg|mjmh~ fhn cj{fa~q ~`cq wcdd `f|m gh ~`m l}~}rm nm|mdg{jmh~ gl ~`mchlgrjf~cgh maghgjs

Bmrmhn$ C|fh$ ^ Nmafnmq gl Arcqcq9 Amh~rfd fhn Mfq~mrh M}rg{m Bmlgrm _grdn _fr CC]hc|mrqc~s gl Afdclgrhcf [rmqq9 Bmremdms$ Afdclgrhcf$ 2;;6

Bmrh`frn$ Jca`fmd @ ^`m Grcochq gl Nmjgarf~cyf~cgh ch [gdfhn 6331

Bmrhq~mch$ Dchf —Jmra`fh~ —Agrrmq{ghnmham‚ fhn R}qqcfh Dm~~mr*_rc~cho Jfh}fdq9 [m~rC|fhg|ca` Bgonfhg|ca` fhn @cq [cq/jg|hce lgr Jmra`fh~q‚ Qdf|ca fhn Mfq~ M}rg{mfh Ig}rhfd ><9> (2;;2# <=3*<02

R}qqcfh jmra`fh~q$ dgho `mdn ch dgw qgacfd q~fhncho fjcnq~ ~`m dfromr qgacm~s$charmfqchods mhofomn wc~` ~`m dfromr M}rg{mfh jfrem~q n}rcho ~`m ag}rqm gl ~`mmco`~mmh~` amh~}rcmq$ lfacdc~f~cho ~`m hmmn lgr /dm~~mr*wrc~cho/ jfh}fdq ( {cq/jg|hce #nmqcohmn ~g chq~r}a~ f ~s{cafd jmra`fh~ ch ~`m wfsq gl f q}aamqql}d b}qchmqqjfhQ{maclcafdds fhfdsycho ghm {cq/jg|hce bs [m~r Bgonfhg|ca`$ Bmrhq~mch q`gwq `gw ~`m

agh~mh~ wc~`ch (rfhocho lrgj q~fhnfrncymn /lgrj/ dm~~mrq lgr b}qchmqq ~rfhqfa~cghq$ ~gm~`cafd bm`f|cgr o}cnmdchmq$ fhn m|mh m{cq~dm gh ~`m hmamqqc~s ch jfch~fchcho f oggn/rm{}~f~cgh/# lgddgwmn ch ~`m ~rfnc~cghq gl g~`mr jfh}fdq fargqq M}rg{m$ ch ~`f~ ~`ms `md{mnmq~fbdcq` q~fhnfrnq ch dfho}fom fhn bm`f|cgr _`mrmfq g~`mr jfh}fdq ~from~mn sg}~`q grsg}ho wgjmh$ Bgonfhg|ca` fnnrmqqmn `cq {cq/jg|hce ~g jmra`fh~q ch f qchamrm f~~mj{~~g {rg|cnm ~`cq qgacfd adfqq f jmfhq ~g mpamd fhn fn|fham ch R}qqcf Fh ch~mrmq~cho fr~cadm~`f~ {rg|cnmq f |mrs q{maclca mpfj{dm fhfdsymn fofchq~ ~`m dfromr bfaenrg{ gl M}rg{mfh~rmhnq wc~` qcjcdfr /jfh}fdq/

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Bcnmdm}p$ Rgbmr~ fhn Cfh Imllrcmq F @cq~grs gl Mfq~mrh M}rg{m9 Arcqcq fhn A`fhomDghngh9 Rg}~dmnom$ 6330

Bcddcho~gh$ Ifjmq @ ^`m Cagh fhn ~`m Fpm Hmw Sgre9 \ch~fom Bggeq$ 63<<

Qmjchfd wgre gl R}qqcfh ch~mddma~}fd `cq~grs ~`f~$ w`cdm nf~mn$ q~cdd {rg|cnmq f

qgdcn lg}hnf~cghfd q}r|ms gl fr~$ rmdcocgh$ fhn {gdc~cafd cnmfdq ~`f~ acra}df~mn ~`rg}o`g}~~`m R}qqcfh ngjfchq ~`rg}o`g}~ ~`m amh~}rcmq

Bdc~q~mch$ [m~mr F —A}d~}rfd Nc|mrqc~s fhn ~`m Ch~mrwfr Aghima~}rm9 Qg|cm~ Hf~cghfdc~s[gdcas ch Agh~mp~‚ Qdf|ca Rm|cmw <=92 (2;;<# 2?1*231

Qmm rm|cmw f~ Qarcbn9 `~~{9''wwwqarcbnagj'nga'><;>=2?2'Rm|cmw*gl*A}d~}rfd*Nc|mrqc~s*fhn*~`m*Ch~mrwfr*Aghima~}rm*Qg|cm~*Hf~cghfdc~s*[gdcas*ch*C~q*Agj{frf~c|m*Agh~mp~*bs*[m~mr*Bdc~q~mch

Bd}j$ Fdfch —Acra}df~cgh$ ^rfhqlmrq$ Cqgdf~cgh‚ Erc~cef 396 (2;;0# 216*2>2

G{mhcho `cq fr~cadm wc~` ~`m v}mq~cgh gl /`gw ngmq ehgwdmnom acra}df~m fhn

chlgrjf~cgh q{rmfn7/ Fdfch Bd}j brchoq fh g|mrfdd {mrq{ma~c|m ~g ~`m cqq}mq {rmqmh~mn~`rg}o`g}~ ~`m q{macfd mnc~cgh gl Erc~cef$ lga}qmn gh chlgrjf~cgh acra}df~cgh Fhfdsycho~`m jg|mjmh~ gl cnmfq ch cj{mrcfd fhn ch~mrhf~cghfd q{fam$ fq g{{gqmn ~g lrfjcho ~`mchv}crs fdgho hf~cghfd dchmq$ ~`m ormf~ q`cl~q ch R}qqcfh'Qg|cm~ `cq~grs afh bm qmmh fq{c|g~fd jgjmh~q w`mh ehgwdmnom {rgn}amrq ~rfhqlgrjmn ~`mcr ncqac{dchmq ~g mc~`mr rmfa`g}~ fhn chagr{grf~m lgrmcoh qa`gdfrq`c{ fhn cnmfdq gr rmima~ ~`m qfjm lgrmcoh cnmfq }hnmrq{maclca R}qqcfh ch~mrhfd fhn cqgdf~cghcq~ ~mrjq Sm~$ wm~`mr gr hg~ cnmfq wmrm faam{~mn grrmima~mn ~`mrm gaa}rrmn f rmch~mr{rm~f~cgh$ gr rmaghlco}rf~cgh$ gl mq~fbdcq`mn bmdcmlq ch ~`mlfam gl q}a` cnmfq fhn ~`mcr acra}df~grs {g~mh~cfd fjgho ~`m ehgwdmnom {rgn}amrq _`mhdggecho f~ R}qqcf$ ghm afh lchn m|cnmham gl hg~ ghds ch~mrhf~cghfd acra}df~cgh {rfa~camq b}~fdqg ch~rf*hf~cghfd {rfa~camq ~`f~ rmdcmn }{gh ~`m ncq~cha~c|m ncllmrmhamq bm~wmmh qma~cghqgl mj{crm$ fq dgafdq agh~rcb}~mn ~g ~`m nmbf~mq rmofrncho ~g{caq q}a` fq ~`m hf~}rm gl R}qqcfh Cj{mrcfd cnmh~c~s fhn [fh*Qdf|cqj Ch ~`cq dco`~$ fa~q gl chq~cddcho hf~cghfdcqj grmhofocho ch ~rfhqdf~cgh gl jf~mrcfdq ncrma~ds chlgrjq ~`m acra}df~cgh'ag}h~mr*acra}df~cgh{rgamqq$ f {rgamqq ~`f~ jg|mq fwfs lrgj ~`m ~rfnc~cghfd fhfdsqcq gl mdc~m |cmw{gch~q fhnjgrm ~gwfrnq f `gdcq~ca f{{rgfa` ~`f~ chagr{grf~mq fdd dm|mdq gl ch~mrfa~cgh bm~wmmhncqac{dchmq$ chnc|cn}fdq$ fhn ~`m {rgn}a~cgh gl ehgwdmnom fjgho nc|mrqm qg}ramq

Bd}j$ Imrgjm Dgrn fhn [mfqfh~ ch R}qqcf [rcham~gh$ Hmw Imrqms9 [rcham~gh ]hc|mrqc~s[rmqq$ 63<6

Bg`fa$ Rgnhms —M|mrsnfs Lgrjq gl Rmqcq~fham9 Qmrl G{{gqc~cgh ~g Omh~rs Mp~rfa~cghq60;;*60<6$‚ ch Mq~`mr Echoq~gh*Jfhh , ^cjg~`s Jcp~mr$ mnq [mfqfh~ Maghgjs$A}d~}rm$ fhn [gdc~caq gl M}rg{mfh R}qqcf$ 60;;*6326 [rcham~gh$ Hmw Imrqms9 [rcham~gh]hc|mrqc~s [rmqq$ 6336

Brg|ech$ \dfncjcr Bm`chn ~`m Lrgh~ Dchmq gl ~`m Ac|cd _fr  [rcham~gh$ Hmw Imrqms9[rcham~gh ]hc|mrqc~s [rmqq$ 633>

Br}hg$ Fhns —R}qqcfh Mh|crghjmh~fd @cq~grs9 Ncrma~cgh fhn [g~mh~cfdq‚ Erc~cef 091(2;;?# <1=*<=;

_rc~cho f rm|cmw mqqfs ~`f~ bg~` q}r|msq ~`m a}rrmh~ qa`gdfrq`c{ q}rrg}hnchoR}qqcfh mh|crghjmh~fd `cq~grs fhn ~`m {g~mh~cfd ~`mqm jf~mrcfdq {gch~ ~gwfrnq$ FhnsBr}hg jfemq f agh|chacho afqm ~`f~ w`cdm R}qqcfh `cq~grcfhq `f|m fdrmfns jfnm

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Mhomd$ Bfrbfrf Fd{mrh —R}qqcfh [mfqfh~ \cmwq gl Ac~s Dclm$ 60<6*636>‚ Qdf|ca Rm|cmw=291 (6331# >><*>=3

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WWW Fbhgrjfd9 Dma~}rmq f~ ~`m Agddmom nm Lrfham$ 63?>*63?= Hmw Sgre9 [cafngr$ 2;;1

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^`m {mr|fqc|mhmqq gl lgde bmdcml$ j}a` gl c~ {fofh ch grcoch$ lg}hn wc~`ch R}qqcfha}d~}rm {rg|cnmq f rca` bfaenrg{ lgr ch~mr{rm~cho a}q~gj fhn jmfhcho mhag}h~mrmn ch ~`mq~}ns gl {mfqfh~ bm`f|cgrq Dchnf I C|fh~cq/ wgre gh ~`m Lgde Bmdcmlq gl f|mrfom R}qqcfh{mfqfh~q {rg|cnmq f q}{mrb q~fr~cho {gch~ lgr qa`gdfrq gl dc~mrf~}rm fhn `cq~grs ~g dmfrhfbg}~ ~`m agj{dmp ch~mr~wchcho gl lgde bmdcml fhn Mfq~mrh Gr~`gngps ^`m lcrq~ fdl gl ~`mwgre ag|mrq bmdcmlq `mdn bs {mfqfh~q rmofrncho ch~mrfa~cghq wc~` ~`m q{crc~ wgrdn$ w`cdm~`m qmaghn `fdl {rmqmh~q ~rfhqdf~cghq gl lgde ~fdmq gr hfrrf~c|mq ~`f~ amh~mr ~`m mp{dfhf~cghgl bmdcmlq ch fa~}fd {mfqfh~ wgrnq ]qcho f jcp gr m~`hgorf{`ca nf~f of~`mrmn ch ~`mR}qqcfh dfhnq g|mr ~`m ag}rqm gl ~`m hchm~mmh~`'~wmh~cm~` amh~}rcmq fhn Qg|cm~ch~mr{rm~f~cghq gl ~`mqm wgreq$ C|fh~cq {rgn}amq f wgre ~`f~ cdd}jchf~mq ~`m dfromr {ca~}rmgl R}qqcfh a}d~}rm bs `co`dco`~cho ~`m {mfqfh~ }qm gl lgde bmdcml

Iff~q$ Chnrme —^`m Egjc$ M~`hca Q~mrmg~s{mq$ fhn Hf~cghfdc~cmq [gdcas ch Df~m Cj{mrcfdR}qqcf‚ R}qqcfh Rm|cmw <0 (2;;3# 633*22;

Imndcaec$ Imrys F Q}b}rb gl M}rg{m9 Hchm~mmh~` Amh~}rs [gdcq` F{{rgfa`mq ~g _mq~mrhAc|cdcyf~cgh B}nf{mq~9 AM] [rmqq$ 6333

Ig`hq$ Fnrcfh [crfas9 ^`m Ch~mddma~}fd [rg{mr~s _frq Lrgj O}~mhbmro ^g Of~mqA`cafog9 ]hc|mrqc~s gl A`cafog [rmqq$ 2;;3

]hnmr~fecho fh ch~mddma~}fd `cq~grs gl /{crfas/$ Fnrcfh Ig`hq qmmeq ~g ch|mq~cof~m`gw ~`m ch~mrqma~cgh gl agjj}hc~s$ agjjmram$ fhn agjj}hcaf~cgh ~gge q`f{m frg}hn

aghldca~q amh~mrmn gh ~`m bgge/q ~c~dm Q{maclcafdds$ Ig`hq ~faedmq ~`m {mrq{ma~c|m gl ~`m_mq~ fhn c~q {}rq}fh~ ch~mddma~}fd {rg{mr~s wfrq q{}rrmn bs ~`m ch|mh~cgh gl ~`m {rch~cho{rmqq bs O}~mhbmro Jg|cho lrgj ~`cq mfrds {mrcgn ~g ~`m nmbf~mq q}rrg}hncho ~`m fn|mh~gl$ lcrq~$ ag{srco`~ fhn$ qmaghn$ ~`m cnmf gl ch~mddma~}fd {rg{mr~s$ mhncho wc~` f dgge g|mr~`m 2;~` amh~}rs chhg|f~cghq ch agjj}hcaf~cghq ~ma`hgdgos$ m|cnmhamn bs rfncg fhn ~`mch~mrhm~ Ig`hq aghad}nmq bs q~f~cho ~`f~ f `cq~grs gl {crfas `fq c~q jgq~ {rglg}hn cj{fa~w`mh wm aghqcnmr ~`f~ {crf~cafd {rfa~camq frm nmm{ds jmq`mn wc~`ch g}r ch~mrfa~cgh wc~`jmncf fhn a}d~}rm ^`}q$ a}rrmh~ mllgr~q nmqcohmn ~g acra}j|mh~ {crfas gl ncoc~fd jmncfwcdd lchn ~`mjqmd|mq dfromds chmllma~c|m bmaf}qm lmw {rgorfjq fhn qa`mjmq ~fem ch~gfaag}h~ ~`cq ch~mr{dfs bm~wmmh a}d~}rm fhn {crfas$ mpfjchmn ch ormf~ nm{~` bs Ig`hq

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Ig`hqgh$ Dghhcm R Amh~rfd M}rg{m9 Mhmjcmq$ Hmco`bgrq$ Lrcmhnq 2rn Mnc~cgh Gplgrn9Gplgrn ]hc|mrqc~s [rmqq$ 2;;2

Ef`fh$ Frafnc}q —^`m Agq~q gl —_mq~mrhcyf~cgh‚ ch R}qqcf9 ^`m Omh~rs fhn ~`mMaghgjs ch ~`m Mco`~mmh~` Amh~}rs $‚ ch Jca`fmd A`mrhcf|qes$ mn ^`m Q~r}a~}rm gl 

 R}qqcfh @cq~grs Rfhngj @g}qm 63?;

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Emhhms$ [fnrfca F Afrhc|fd gl Rm|gd}~cgh9 Amh~rfd M}rg{m 6303 [rcham~gh$ Hmw Imrqms9[rcham~gh ]hc|mrqc~s [rmqq$ 2;;1

Ecmhcmwcay$ Q~mlfh ^`m Mjfhac{f~cgh gl ~`m [gdcq` [mfqfh~rs A`cafog9 ]hc|mrqc~s gl A`cafog [rmqq$ 63<3

Echoq~gh*Jfhh$ Mq~`mr fhn Jcpmr$ ^cjg~`s wc~` fqqcq~fham lrgj Imllmrs B}nq [mfqfh~  Maghgjs$ A}d~}rm$ fhn [gdc~caq gl M}rg{mfh R}qqcf$ 60;;*6326 [rcham~gh$ Hmw Imrqms9[rcham~gh ]hc|mrqc~s [rmqq$ 633;

Egda`ch$ [m~mr ]hlrmm Dfbgr9 Fjmrcafh Qdf|mrs fhn R}qqcfh Qmrlngj Afjbrcnom$Jfqqfa`}qm~~q9 Bmdehf{ [rmqq$ 630?

Egddjfhh$ Hfhas Q —^`m V}fdc~s gl Dmofd Jmras ch Mfrds Jgnmrh Dmofd [rfa~cam‚Erc~cef ?96 (2;;<# =*22

Egh~dmr$ Dfqydg F @cq~grs gl @}hofrs Hmw Sgre9 [fdorf|m JfaJcddfh$ 2;;2

E}bce$ Ifh ^`m [gwmr gl Qsjbgdq Fofchq~ ~`m Qsjbgdq gl [gwmr  633>

Dfbf$ Rgjfh ^`m Rgg~q gl Qgdcnfrc~s 6336

Dfn}rcm$ Dm Rgs Afrhc|fd ch Rgjfhq Hmw Sgre9 Omgrom Brfycddmr$ Cha$ 63?3

DmNghhm$ Ig`h [ Fbqgd}~cqj fhn R}dcho Adfqq9 ^`m Lgrjf~cgh gl ~`m R}qqcfh [gdc~cafdGrnmr$ 6?;;*602= Gplgrn9 Gplgrn ]hc|mrqc~s [rmqq$ 6336

Dmlmb|rm$ Omgormq ^`m Ormf~ Lmfr gl 6?039 R}rfd [fhca ch Rm|gd}~cghfrs Lrfham HmwSgre9 Qa`gaemh Bggeq$ 6303

Dmlmb|rm$ @mhrc ^`m [rgn}a~cgh gl Q{fam$ ~rfhq Nghfdn Hca`gdqgh*Qjc~` Gplgrn9Bdfaewmdd [}bdcq`cho$ 6336

Dmqqco$ Dfwrmham Rmjcp9 Jfecho Fr~ fhn Agjjmram ^`rc|m ch ~`m @sbrcn Maghgjs

Hmw Sgre9 [mho}ch [rmqq$ 2;;0Ag{srco`~ fhn a}d~}rm frm amh~rfd aghamrhq gl Dmqqco ch ~`cq wgre agh~mj{df~cho

~`m cj{fa~ a}rrmh~ {gdcacmq rmofrncho ch~mddma~}fd {rg{mr~s wcdd `f|m gh f omhmrf~cgh gl ncoc~fd }qmrq w`gqm |mrs rmjcpcho fa~q arcjchfdcym ~`mj ch ~`m msmq gl ~`m dfw Mp{dgrcho~`m a}d~}rfd nmdc|mrs qsq~mj armf~mn }hnmr ~`m {rm|cg}q jmncf omhmrf~cgh (RG$ gr rmfn*ghds$ a}d~}rm# ~g ~`m {gqqcbcdc~s lgr hmw a}d~}rfd nmdc|mrs ch ~`m ncoc~fd omhmrf~cgh (R_$ grrmfn*wrc~m$ a}d~}rm# Dmqqco jf{q g}~ ~`m {g~mh~cfd lgr hmw `sbrcn agjjmracfd jgnmdq$bfqmn gh }qmr {fr~cac{f~cgh ch rmjcpcho gl a}d~}rfd {rgn}a~q$ ~g agjm ch~g bmcho ^`cq$ ch~}rh$ wcdd lgq~mr dmofd rmlgrjq fddgwcho R_ a}d~}rm ~g ldg}rcq`$ o}frfh~mmcho fjf~m}rq ~`m

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rco`~ ~g rmjcp fhn {rglmqqcghfdq ~`m rco`~ ~g {rglc~ gll (gr q`frm# ~`mcr armf~cghq Fhmpamddmh~ omhmrfd q}jjfrs gl ~`m cqq}mq {mr~fchcho ~g {}bdca a}d~}rm fhn ag{srco`~ ~gnfs

Dm|ch$ M|m Qmp fhn Qgacm~s ch ~`m _grdn gl ~`m Gr~`gngp Qdf|q$ 3;;*6?;; Agrhmdd$ HmwSgre9 Agrhmdd ]hc|mrqc~s [rmqq$ 6303

Dchagdh$ _ Br}am Ch ~`m \fho}frn gl Rmlgrj9 R}qqcf–q Mhdco`~mhmn B}rmf}arf~q$ 602=*60<6 Hgr~`mrh Cddchgcq ]hc|mrqc~s [rmqq$ 6302

Jfjmng|$ Jcefcd —/Ogcho Hf~c|m/ ch ~`m Af}afq}q9 [rgbdmjq gl R}qqcfh Cnmh~c~s$ 60;6*<>‚ <? (2;;0# 2?=*23=

Jfha`mq~mr$ Df}rcm —Agjjghfdc~cmq gl Jgnmrh [gdc~cafd Ncqag}rqm9 ^`rmm [f~`q gl Jgnmrh Fa~c|cqj ch Df~m Cj{mrcfd R}qqcf/q Fd~mrhf~c|m Ch~mddcomh~qcf‚ Erc~cef 09> (2;;?#?6=*?>?

Jfr~ch$ Ifhm~ Jmncm|fd R}qqcf 30;*6=0> Afjbrcnom9 Afjbrcnom ]hc|mrqc~s [rmqq$ 2;;1

F q}r|ms ~mp~ ~`f~ ag|mrq ~`m qgacfd$ {gdc~cafd$ fhn m~`hgorf{`ca nm|mdg{jmh~q

mhagj{fqqcho ~`m ~mrrc~grs gl ~`m$ ~`mh$ orgwcho R}qqcfh q~f~m Bmochhcho wc~` [rcam\dfncjcr C fhn aghad}ncho wc~` ~`m rmcoh gl C|fh C\$ Jfr~ch nrfwq gh brgfn ~`mjmq ~g}hc~m `mr ch~mr{rm~f~cgh gl q}a` f dgho {mrcgn ]hnmrdscho ~`m mp{fhqcgh gl bg~` Ecm|cfhR}q fhn J}qag|s$ Mfq~mrh Gr~`gngps bmafjm ~`m agrhmrq~ghm gl cnmh~c~s lgr bg~` mh~c~cmqwc~` ghds ~`m Jghogd @grnmq frrc|fd ~g `mrfdn ~`m nmadchm gl ~`m lgrjmr fhn ~`m m|mh~}fdrcqm fhn ngjchf~cgh gl ~`m df~~mr ]qm gl ~`m a`}ra` fq f jmfhq ~g qma}rm fhn {rgima~{gwmr jmfh~ ~`f~ J}qag|c~m {rchamq$ fhn df~mr ~qfrq$ ag}dn dfs adfcj ~g }hv}mq~cghfbdmf}~`grc~s$ fddgwcho ~`m R}crcecn nshfq~s ~g ormf~ds mp{fhn ~`mcr ~mrrc~grcfd bfqm fhnaghn}a~ mp{mhqc|m afj{fcohq fofchq~ rmocghfd g{{ghmh~q L}hncho ~`mqm mp{mnc~cghq{rg|mn dfromds }hq}q~fchfbdm$ dmfncho ~g ~`m cj{gqc~cgh gl qmrlngj fhn m|mh~}fdbfher}{~as gl ~`m q~f~m w`mh C|fh C\ ncmn

Jfr~ch$ ^mrrs ^`m Fllcrjf~c|m Fa~cgh Mj{crm9 Hf~cghq fhn Hf~cghfdcqjq ch ~`m Qg|cm~ 

]hcgh$ 6321*6313 C~`faf9 Agrhmdd ]hc|mrqc~s [rmqq$ 2;;6

Jfremr$ Ofrs —^`m Mhdco`~mhjmh~ gl Fhhf Dfbychf9 Omhnmr$ Lfc~`$ fhn [}bdca Dclm chAf~`mrchcfh fhn Fdmpfhnrcfh R}qqcf‚ Qdf|ca Rm|cmw =392 (2;;;# 1<3*13;

Jfrrmqm$ Jca`mddm Dfjfra`m —^`m Mhcojf gl Jfrrcmn _gjmh/q Agh~rgd gl [rg{mr~s chMco`~mmh~`*Amh~}rs R}qqcf‚ =0 (6333# 10;*13=

Jfq~hs$ \gi~ma` fhn Jfdagdj Bsrhm$ mnq F Afrnbgfrn Afq~dm7 Fh Chqcnm @cq~grs gl ~`m_frqfw [fa~$ 63==*6336 B}nf{mq~9 AM] [rmqq$ 2;;=

Jmng|gc$ Dmmrgj Rmbmdq9 Sg}~` fhn ~`m Agdn _fr Grcochq gl Cnmh~c~s N}r`fj$ Hgr~`

Afrgdchf9 N}em ]hc|mrqc~s [rmqq$ 2;;=Jmd~gh$ Mnofr —Mhdco`~mhmn Qmcohcgrcfdcqj fhn C~q Ncdmjjfq ch Qmrl R}qqcf$ 6?=;*601;‚ Ig}rhfd gl Jgnmrh @cq~grs <29> (633;#

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Jga`$ Dmqdcm [fom Jg|cho M}rg{mfhq9 Jcorf~cgh ch _mq~mrh M}rg{m qcham 6<=; 2hn 

 Mnc~cgh Bdggjcho~gh$ Chncfhf9 Chncfhf ]hc|mrqc~s [rmqq$ 2;;1

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_`cdm jgq~ aghqcnmrmn r}rfd {g{}df~cghq gl `cq~grca _mq~mrh M}rg{m ~g bm rf~`mrqmnmh~frs$ Dmqdcm Jga` qm~q g}~ ch `mr wgre ~g nmjghq~rf~m ~`f~ hg~ ghds wmrm{g{}df~cghq aghqcq~mh~ds gh ~`m jg|m b}~ fdqg ~`f~ jcorf~cgh {f~~mrhq `f|m hg~ bmmhq{}rrmn bs }rbfhcyf~cgh gr chn}q~rcfdcyf~cgh$ rf~`mr ~`ms frm mp~mhqcghq gl gdnmr ~rfnc~cghqch `}jfh bm`f|cgr Mpfjchcho ~`rmm amh~}rcmq (jcn*qm|mh~mmh~` ~g ~`m df~m*~wmh~cm~`#$Jga` g}~dchmq ~`m a`fhomq brg}o`~ fbg}~ bs ncllmrcho dfhn`gdncho {f~~mrhq$ mj{dgsjmh~

nmjfhnq$ nmjgorf{`ca {f~~mrhq fhn ~`m a`fhocho dgaf~cgh gl af{c~fd Lga}qcho gh ~cjmqgl {mfam fhn dggecho f~ jg|mjmh~q gl bg~` qmpmq$ lg}r jgnmdq gl jcorf~cgh (dgafd$acra}dfr$ a`fch fhn afrmmr# a`frfa~mrcym ~`m bm`f|cgr gl {mfqfh~q$ fjgho g~`mrq$ n}rcho ~`m~`rmm amh~}rcmq mpfjchmn Jga`/q wgre cq q}llcacmh~ds dfrom ch qag{m ~`f~ c~ armf~mqagh|chacho fro}jmh~q ~`f~ jg|m bmsghn ~`m afqm q~}ns fhn f~~mj{~ ~g mhofom ch /bco{ca~}rm/ fhfdsqcq$ sm~ fdqg lga}qmn mhg}o` ~g hg~ om~ dgq~ ch ~`m bmwcdnmrcho fjg}h~ gl lfa~q$ lco}rmq fhn dgafdmq {rmqmh~mn

Jggh$ Nf|cn ^`m R}qqcfh [mfqfh~rs 6<;;*631;9 ^`m _grdn ~`m [mfqfh~q Jfnm HmwSgre9 Dghojfh$ 6333

WWW —^`m Ch|mh~grs Rmlgrj fhn [mfqfh~ ]hrmq~ ch Rco`~*Bfhe ]erfchm ch 60>?*>0‚ ^`mQdf|ghca fhn Mfq~ M}rg{mfh Rm|cmw ?39> (2;;6# <=1*<3?

WWW —Mq~cjf~cho ~`m [mfqfh~ [g{}df~cgh gl Df~m Cj{mrcfd R}qqcf lrgj ~`m 603? Amhq}q9F Rmqmfra` Hg~m‚ M}rg{m*Fqcf Q~}ncmq >096 (633<# 6>6*6=1

J}e`mrimm$ Jrcn}df [mfqfh~–q ch Chncf–q Hgh*\cgdmh~ Rm|gd}~cgh9 [rfa~cam fhn ^`mgrsQfom [}bdcaf~cghq$ 2;;>

J}r{`s$ Brcfh Rgq~g| ch ~`m Ac|cd _fr$ 636?*632; Hmw Sgre9 Rg}~dmnom$ 2;;=

Jcrghg|$ Bgrcq F Qgacfd @cq~grs gl Cj{mrcfd R}qqcf$ 6?;;*636?  _mq~|cmw [rmqq$ 2;;;

Hmjmq$ Rgbmr~ —^`m [gdc~caq gl ~`m Nfham Ldggr9 A}d~}rm fhn Ac|cd Qgacm~s chHchm~mmh~`*Amh~}rs @}hofrs‚ Qdf|ca Rm|cmw <;9> (2;;6# 0;2*021

Hmwdch$ ^`gjfq —R}rfd R}qmq9 Cdd}qcgh fhn Fhpcm~s gh ~`m R}qqcfh Mq~f~m$ 6??=*606=‚Qdf|ca Rm|cmw =?92 (6330#

Hgracf$ Jmofh F —[}yydcho Mj{crm9 Mfrds [}yydmq fhn Ncqafrnmn Jf{q fq Cj{mrcfd@m}rcq~caq‚ A`cdnrmh/q Dc~mrf~}rm 1? (2;;3# 6*12

G{md$ Fhns fhn Qjc~`$ Ifqgh —Ygg~saggh9 Af{c~fdcqj$ Hf~}rm$ fhn ~`m [}rq}c~ gl @f{{chmqq‚ M~`caq fhn ~`m Mh|crghjmh~ 392 (2;;># 6;1*62;

Gq~$ Nf|cn Qgdcnfrc~s fhn ~`m [gdc~caq gl Fh~c*[gdc~caq 633;

[fr~`fqfrf~`c$ [rfqfhhfh ^`m ^rfhqc~cgh ~g f Agdghcfd Maghgjs9 _mf|mrq$ Jmra`fh~q$fhn Echoq ch Qg}~` Chncf 6?2;*60;; Afjbrcnom9 Afjbrcnom ]hc|mrqc~s [rmqq$ 2;;6

[fpgh$ Jfrofrm~ Qgdg|sg|g* ^`m Q~grs gl Jmjgrs ch f R}qqcfh \cddfom Bdggjcho~cgh9Chncfhf ]hc|mrqc~s [rmqq$ 2;;=

[mrcq$ Nfhcmd —/Ogn cq Hgw gh G}r Qcnm/9 ^`m Rmdcocg}q Rm|c|fd gh ]hgaa}{cmn Qg|cm~^mrrc~grs n}rcho _grdn _fr CC‚ Erc~cef 696 (2;;;# 3?*660

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WWW Q~grjcho ~`m @mf|mhq9 ^`m Qg|cm~ Dmfo}m gl ~`m Jcdc~fh~ Ogndmqq C~`faf9 Agrhmdd]hc|mrqc~s [rmqq$ 6330

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[df~ghg|$ QL ^`m ^cjm gl ^rg}bdmq Dfwrmham$ Efhqfq9 ]hc|mrqc~s [rmqq gl Efhqfq$630=

[gm$ Jfrq`fdd —^`m Aghqmv}mhamq gl Jcdc~frs Rm|gd}~cgh ch J}qag|s9 F Agj{frf~c|m[mrq{ma~c|m‚ Agj{frf~c|m Q~}ncmq ch Qgacm~s fhn @cq~grs 109> (633<# <;1*<60

[g{echq$ Ofrm~` —Agnm |mrq}q A}q~gj7 Hgrjq fhn fa~caq ch [mfqfh~ \gdgq~ Ag}r~F{{mfdq$ 6003*636?‚ R}qqcfh Rm|cmw =391 (2;;;# >;0*>2>

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