Download Woodstock W1740 User's Manual

Transcript
MODEL W1740
12" DRUM SANDER
OWNER'S MANUAL
Phone: (360) 734-3482 • On-Line Technical Support: [email protected]
COPYRIGHT © JANUARY, 2006 BY WOODSTOCK INTERNATIONAL, INC. REVISED MAY, 2007 (TR)
#7848CR
WARNING: NO PORTION OF THIS MANUAL MAY BE REPRODUCED IN ANY SHAPE OR FORM WITHOUT
THE WRITTEN APPROVAL OF WOODSTOCK INTERNATIONAL, INC.
Printed in Taiwan
K_`jdXelXcgifm`[\jZi`k`ZXcjX]\kp`ejkilZk`fejfek_\gifg\ij\klg#
fg\iXk`fe#dX`ek\eXeZ\Xe[j\im`Z\f]k_`jdXZ_`e\&\hl`gd\ek%
=X`cli\kfi\X[#le[\ijkXe[Xe[]fccfnk_\`ejkilZk`fej^`m\e`ek_`j
dXelXcdXpi\jlck`ej\i`fljg\ijfeXc`ealip#`eZcl[`e^XdglkXk`fe#
\c\ZkifZlk`fefi[\Xk_%
K_\fne\if]k_`jdXZ_`e\&\hl`gd\ek`jjfc\cpi\jgfej`Yc\]fi`kjjX]\
lj\%K_`ji\jgfej`Y`c`kp`eZcl[\jYlk`jefkc`d`k\[kfgifg\i`ejkXccX$
k`fe`eXjX]\\em`ifed\ek#g\ijfee\ckiX`e`e^Xe[ljX^\Xlk_fi`qX$
k`fe#gifg\i`ejg\Zk`feXe[dX`ek\eXeZ\#dXelXcXmX`cXY`c`kpXe[
Zfdgi\_\ej`fe#Xggc`ZXk`fef]jX]\kp[\m`Z\j#YcX[\&Zlkk\i`ek\^i`kp#
Xe[k_\ljX^\f]g\ijfeXcgifk\Zk`m\\hl`gd\ek%
K_\dXel]XZkli\in`ccefkY\_\c[c`XYc\]fi`ealipfigifg\ikp
[XdX^\]ifde\^c`^\eZ\#`dgifg\ikiX`e`e^#dXZ_`e\df[`]`ZXk`fejfi
d`jlj\%
Jfd\[ljkZi\Xk\[Ypgfn\ijXe[`e^#jXn`e^#^i`e[`e^#[i`cc`e^#Xe[
fk_\iZfejkilZk`feXZk`m`k`\jZfekX`ejZ_\d`ZXcjbefnekfk_\JkXk\f]
:Xc`]fie`XkfZXlj\ZXeZ\i#Y`ik_[\]\Zkjfifk_\ii\gif[lZk`m\_Xid%
Jfd\\oXdgc\jf]k_\j\Z_\d`ZXcjXi\1
› C\X[]ifdc\X[$YXj\[gX`ekj%
› :ipjkXcc`e\j`c`ZX]ifdYi`Zbj#Z\d\ekXe[fk_\idXjfeipgif[lZkj%
› 8ij\e`ZXe[Z_ifd`ld]ifdZ_\d`ZXccp$ki\Xk\[cldY\i%
Pflii`jb]ifdk_\j\\ogfjli\jmXi`\j#[\g\e[`e^fe_fnf]k\epfl
[fk_`jkpg\f]nfib%Kfi\[lZ\pfli\ogfjli\kfk_\j\Z_\d`ZXcj1
Nfib`eXn\ccm\ek`cXk\[Xi\X#Xe[nfibn`k_Xggifm\[jX]\kp\hl`g$
d\ek#jlZ_Xjk_fj\[ljkdXjbjk_XkXi\jg\Z`Xccp[\j`^e\[kf]`ck\i
flkd`ZifjZfg`ZgXik`Zc\j%
Model W1740
12" Drum Sander
Manual Update
(For Models Manufactured Since 1/10)
Phone #: (360) 734-3482 • Online Tech Support: [email protected] • Web: www.shopfox.biz
This update covers improvements made to this machine after the owner's manual was printed. The pages
in this update supercede the relevant pages in the owner's manual. All page number references refer to
the owner's manual for this machine, unless otherwise noted. Keep this update with your owner's manual
for future reference. If you have any questions, contact Tech Support at (360) 734-3482 or by email at
[email protected].
Revision Scope
We added a direct-drive DC feed motor, a new On/Off Push Button Switch, and a thermal circuit breaker
to the Model W1740.
These changes affect the following pages of your manual, which we have updated:
• Machine Specifications (Page 4)
• Electrical (Page 9)
• Conveyor Replacement (Page 35)
• Wiring Diagram and Electrical Components (Pages 42–43)
• Parts (Pages 44–48)
Machine Specifications
Sanding Motor........................................................... 1.5 HP, 16A, 110V, 3450 RPM, Single-Phase
Sanding Motor Power Transfer............................................................................. V-Belt Drive
Conveyor Motor................1.1A, 1⁄8 HP, 110V, DC Variable Speed Voltage Motor, 5-55 RPM, Single-Phase
Conveyor Motor Power Transfer........................................................................... Direct Drive
Drum Speed...................................................................................................... 2127 FPM
Drum Diameter ...........................................................................................................4"
Maximum Workpiece Thickness..................................................................................... 33⁄4"
Minimum Workpiece Thickness....................................................................................... 1⁄8"
Maximum Workpiece Width........................................................................................... 12"
Minimum Workpiece Length.............................................................................................8"
Conveyor Feed Rate.......................................................................................2.47-17.3 FPM
Sandpaper Size............................................................ 3" Wide X 72" Long, Hook and Loop Style
Dust Port............................................................................................................... 21⁄2"
Handwheel Rotation-to-Table Travel......................................................................360º= 0.025"
Footprint...................................................................................... 221⁄4" Wide x 131⁄2" Deep
Product Dimensions (Length x Width x Height)................................................ 271⁄4" x 24" x 257⁄8"
Machine Weight.....................................................................................................149 lbs.
COPYRIGHT © JANUARY, 2010 BY WOODSTOCK INTERNATIONAL, INC.
#12522BL
WARNING: NO PORTION OF THIS MANUAL MAY BE REPRODUCED IN ANY SHAPE OR FORM WITHOUT
THE WRITTEN APPROVAL OF WOODSTOCK INTERNATIONAL, INC.
Printed in Taiwan
W1740 Manual Update (Mfg. Since 1/10)
ELECTRICAL
The machine must be properly set up before it is
safe to operate. DO NOT connect this machine to the
power source until instructed to do so in the "Test
Run" portion of this manual.
110V Operation
The Model W1740 is wired for 110V operation. The power
supply circuit used for this machine MUST be grounded
and rated for the amperage given below. Never replace
a circuit breaker with one of higher amperage without
consulting a qualified electrician to ensure compliance
with wiring codes.
This machine must be grounded! The electrical cord
supplied with this machine comes with a grounding pin. If
your outlet does not accommodate a ground pin, have it
replaced by a qualified electrician.
Figure 1. Included 5-15 plug and receptacle.
L5-30R
L5-30P
Figure 2. Recommended L5-30 plug and
receptacle.
If you are unsure about the wiring codes in your area
or you plan to connect your machine to a shared
circuit, you may create a fire or circuit overload
hazard—consult a qualified electrician to reduce this
risk.
Extension Cords
We do not recommend using an extension cord; however,
if you have no alternative, use the following guidelines:
•
•
•
•
Use a cord rated for Standard Service (S).
Do not use an extension cord longer than 50 feet.
Ensure that the cord has a ground wire and pin.
Use the gauge size listed below as a minimum.
DO NOT work on your electrical system
if you are unsure about electrical
codes and wiring! Seek assistance from
a qualified electrician. Ignoring this
warning can cause electrocution, fire,
or machine damage.
Electrical Specifications
Minimum Requirements
Operating Voltage
Amp Draw
Min. Circuit Size
Included Plug
Extension Cord
110V Operation
17.1 Amps
20
NEMA 5-15
12 Gauge
Recommended Requirements
Operating Voltage
Amp Draw
Min. Circuit Size
Plug/Recommended Plug
Extension Cord
110V Operation
17.1 Amps
30A
NEMA L5-30
12 Gauge
-2-
W1740 Manual Update (Mfg. Since 1/10)
Conveyor Replacement
We have added new instructions to the conveyor
replacement procedure, since the conveyor feed motor
has changed to a direct drive, non-chain driven model.
Perform Steps 1–17 before doing the revised steps.
KXYc\
:XgJZi\nj
=cXk
NXj_\i
The following Steps replace Steps 18–21 on Page 35:
18. Lay the conveyor table on the edge of a workbench
so the conveyor motor can hang freely.
19. (A) Remove the set screw shown in Figure 3, (B)
remove the conveyor motor cover from the left rear
roller bracket (3 cap screws and 3 flat washers),
then (C) remove the conveyor motor (4 cap screws)
from the conveyor motor cover (Figure 3).
=cXkNXj_\i
9
8
J\k
JZi\n
:Xg
JZi\n
C\]k
:fem\pfi
I\Xi
Dfkfi
Ifcc\i
:fm\i
9iXZb\k
:XgJZi\n
:
:fem\pfi
Dfkfi
Figure 3. Removing conveyor motor and
rear roller bracket (not all components
shown for clarity).
20. Remove the rear left roller bracket (2 cap screws).
Proceed with Step 22 in your manual.
Changing Motor Brushes
If the motor fails to develop full power or otherwise
appears to run sluggishly, the motor brushes may need to
be replaced.
To replace the motor brushes, do these steps:
Motor Brush
Motor Brush
Cover
1. DISCONNECT POWER TO THE SANDER!
2. Remove each brush cover with a flat head
screwdriver and remove the brushes from the motor,
as shown in Figure 4.
3. Insert the new carbon brushes into the holes in the
motor housing.
4. Re-install the brush covers.
-3-
Figure 4. Motor brush components
removed (one of two brushes shown).
W1740 Manual Update (Mfg. Since 1/10)
Electrical Safety Instructions
These pages are current at the time of printing. However, in the spirit of improvement, we may
make changes to the electrical systems of future machines. Study this diagram carefully. If you notice
differences between your machine and these wiring diagrams, call Woodstock International Technical
Support at (360) 734-3482.
(% J?F:B?8Q8I;% Working on wiring that is
connected to a power source is extremely
dangerous. Touching electrified parts will
result in personal injury including but not
limited to severe burns, electrocution,
or death. Disconnect the power from
the machine before servicing electrical
components!
,% DFKFIN@I@E>% The motor wiring shown
in these diagrams is current at the time
of printing, but it may not match your
machine. Always use the wiring diagram
inside the motor junction box.
-% DF;@=@:8K@FEJ% Using aftermarket parts or
modifying the wiring beyond what is shown
in the diagram may lead to unpredictable
results, including serious injury or fire.
)% HL8C@=@<;<C<:KI@:@8E% Due to the
inherent hazards of electricity, only a
qualified electrician should perform wiring
tasks on this machine. If you are not a
qualified electrician, get help from one
before attempting any kind of wiring job.
.% :8G8:@KFIJ&@EM<IK<IJ% Some capacitors
and power inverters store an electrical
charge for up to five minutes after being
disconnected from the power source. To
avoid being shocked, wait at least this long
before working on these components.
*% N@I<:FEE<:K@FEJ% All connections must
be tight to prevent wires from loosening
during machine operation. Double-check all
wires disconnected or connected during any
wiring task to ensure tight connections.
/% <C<:KI@:8CI<HL@I<D<EKJ% You MUST
follow the electrical requirements at the
beginning of this manual when connecting
your machine to a power source.
+% N@I<&:FDGFE<EK;8D8><% Damaged
wires or components increase the risk of
serious personal injury, fire, or machine
damage. If you notice that any wires or
components are damaged while performing
a wiring task, replace those wires or
components before completing the task.
0% <OG<I@<E:@E>;@==@:LCK@<J% If you are
experiencing difficulties understanding
the information included in this section,
contact our Technical Support at (360) 7343482.
WIRING DIAGRAM COLOR KEY
The photos and diagrams
included in this section are
best viewed in color. You
can view these pages in
color at www.shopfox.biz.
BLACK
BLUE
WHITE
BROWN
GREEN
GRAY
YELLOW
YELLOW
GREEN
PURPLE
RED
ORANGE
PINK
-4-
LIGHT
BLUE
BLUE
WHITE
TURQUOISE
W1740 Manual Update (Mfg. Since 1/10)
Electrical Components
Figure 5. Feed motor.
Figure 7. Capacitor.
Figure 6. Drum motor wiring.
Figure 8. Variable speed control and circuit
board.
Read
Page 4
STOP
Before
Wiring
Figure 9. ON/OFF switch wiring.
-5-
W1740 Manual Update (Mfg. Since 1/10)
Wiring Diagram
FEED
MOTOR
Read
Page 4
STOP
See Figure 5
Before
Wiring
ON/OFF SWITCH
See Figure 9
+ *
NO
DC
CIRCUIT
BOARD
)
&
(
+
See Figure 8
*
FFO
<gdjcY
VARIABLE
SPEED
CONTROL
'
THERMAL
CIRCUIT
BREAKER
Neutral
Hot
) (
110 VAC
S Capacitor
300MFD
125VAC
<gdjcY
Ground
5-15 Plug
(As Recommended)
DRUM MOTOR
See Figures
6&7
K_\ dfkfi n`i`e^ j_fne _\i\ `j
Zlii\ekXkk_\k`d\f]gi`ek`e^#Ylk`k
dXpefkdXkZ_pflidXZ_`e\%8cnXpj
lj\ k_\ n`i`e^ [`X^iXd `ej`[\ k_\
dfkfialeZk`feYfo%
-6-
J?F:B?8Q8I;
;`jZfee\Zkgfn\iY\]fi\
j\im`Z`e^\c\Zki`ZXcgXikj%
KflZ_`e^\c\Zki`]`\[gXikj
n`cci\jlck`ej\m\i\Yliej#
\c\ZkifZlk`fe#fi[\Xk_%
W1740 Manual Update (Mfg. Since 1/10)
PARTS
Frame (Revised 1/10)
)/
(($(
((
)/
(($)
(*
0
('*
(')
('
)/
('.
.$.
.$(
(0$-
.$-
,
.$.
-$)
(0$.
((.
,
.$.
-$(
-$)
)/
((0$,
.$(
,
.$.
+
*
(0$+
.$.
,
.$.
-$(
(0$)
(0$*
(+$(
.$)
('0
+$(
()'
++
.$*
.$,
((*
((+ .$.
)/
.$(
('/
('+8
)/
(*$(
.$.
.$+
(('
((/
((/
(()
(''
((,
((.
()
(
(,M)
.
)
)0$(
+*
++
(0
(/
)(
)*
(0$(
)( )*
)*
)'
+,M)
*(M) ,+8 ,.$(
,,
,)
)/
,.
()(
*
+
00
((0
+,$(
+$(
)/
(0$/
*)M)
,-
*0
**
*0
**
,/
()($(
)/
)0
)0$*
(**
-7-
W1740 Manual Update (Mfg. Since 1/10)
Frame Parts List
REF
PART #
DESCRIPTION
REF
PART #
DESCRIPTION
1
2
3
4
4-1
5
6-1
6-2
7
7-1
7-2
7-3
7-4
7-5
7-6
7-7
9
10
11
11-1
11-2
12
13
13-1
14-1
15V2
16
17
18
19
19-1
19-2
19-3
19-4
19-5
19-6
19-7
19-8
20
21
XPN02
XPW07
X1740003
X1740004
XPCAP09
X1740005
X1740006-1
X1740006-2
X1740007
X1740007-1
X1740007-2
X1740007-3
X1740007-4
XPK06M
X1740007-6
XPW01
X1740009
X1740010
X1740011
X1740011-1
XPN12
X1740012
X1740013
X1740013-1
X1740014-1
X1740015V2
XPSS03
X1740017
XPK110
X1740019
X1740019-1
X1740019-2
X1740019-3
X1740019-4
X1740019-5
X1740019-6
X1740019-7
X1740019-8
XPN02
XPB07
HEX NUT 5/16-18
FLAT WASHER 5/16
SIDE PANEL
HANDLE
CAP SCREW 5/16-18 X 5/8
SPROCKET
SPROCKET SHAFT
SPROCKET
ELEVATION CHAIN
TABLE LIFT SCREW
DRIVING TABLE LIFT SCREW
BUSHING
SIDE GEAR
KEY 5 X 5 X 10
BRASS WASHER 1/2
FLAT WASHER 1/2
FRONT BRACE
DEPTH SCALE
RIGHT SUPPORT ARM
PHLP HD SCREW 6-32 X 1/4
HEX NUT 6-32
DUST PORT
TOP COVER
HINGE
REAR BRACE
REAR PANEL V2.01.10
SET SCREW 1/4-20 X 3/8
MOTOR PULLEY
KEY 1/4 X 1/4 X 1
MOTOR 1.5 HP 110V
MOTOR BRACKET
S CAPACITOR 300M 125V 1-1/2 X 3-1/8
CAPACITOR COVER
MOTOR WIRING COVER
FAN COVER
MOTOR FAN
CENTRIFUGAL SWITCH
MOTOR CORD
HEX NUT 5/16-18
HEX BOLT 5/16-18 X 3/4
23
28
29
29-1
29-3
31V2
32V2
33
39
43
44
45V2
45-1
52
54A
55
56
57
57-1
58
99
100
102
103
104A
107
108
109
110
112
113
114
115
117
118
119
120
121
121-1
133
XPW07
XPHTEK7
X1740029
X1740029-1
X1740029-3
X1740031V2
X1740032V2
XPN02
XPW07
XPN05
XPB05
X1740045V2
X1740045-1
X1740052
X1740054A
X1740055
XPFS03
XPN07
XPS06
XPTLW02M
X1740099
X1740100
X1740102
X1740103
X1740104A
XPB19
X1740108
X1740109
X1740110
X1740112
X1740113
XPN08
XPW07
XPB03
XPSS11
X1740119
X1740120
D3375
XPHTEK12
X1740133
FLAT WASHER 5/16
TAP SCREW #8 X 3/8
POWER CORD
STRAIN RELIEF 1/2"
CONTROL WIRE
FRONT PANEL V2.01.10
PUSH BUTTON SWITCH V2.01.10
HEX NUT 5/16-18
FLAT WASHER 5/16
HEX NUT 1/4-20
HEX BOLT 1/4-20 X 3/4
PC BOARD CONSOLE UNIT V2.01.10
VS POWER CORD
VARIABLE SPEED CONTROL KNOB
SWITCH BOX
SPEED INDICATOR LABEL
FLANGE SCREW 10-24 X 3/8
HEX NUT 10-24
PHLP HD SCR 10-24 X 3/8
EXT TOOTH WASHER 5MM
FRAME
WORM GEAR SHAFT BRACKET
SHAFT MOUNT
PINION GEAR
BUSHING
HEX BOLT 1/4-20 X 1/2
COLLAR
GEAR COVER
CRANK HANDLE WASHER 16MM
CRANK HANDLE
HANDLE
HEX NUT 3/8-16
FLAT WASHER 5/16
HEX BOLT 5/16-18 X 1
SET SCREW 1/4-20 X 1/4
DUST SCOOP
KNOB 1/4-20 X 1/2
SHOP FOX LOGO PLATE
TAP SCREW #5 X 3/8
THERMAL CIRCUIT BREAKER
-8-
W1740 Manual Update (Mfg. Since 1/10)
Drum
)+
//
/0
/0$(
/0
//
),
/,
/)
/.
/,
/)
/'
))
.*
(/(
0*
/0
//
.(
))
)+
//
/0
/0$(
),
+'
-0
/.
)/.
.*
.'
.(
.(
.*
-0
/,
/.
.(
0+
.*
/)
/,
/)
/'
/(
)-
0'
0)
0/
REF
PART #
DESCRIPTION
REF
PART #
DESCRIPTION
16
22
24
25
26
40
69
70
71
73
80
81
XPSS03
XPB02
XPN05
X1740025
X1740026
XPK34M
X1740069
X1740070
XPR08M
X1740073
X1740080
XPSS51
SET SCREW 1/4-20 X 3/8
HEX BOLT 1/4-20 X 5/8
HEX NUT 1/4-20
SPRING PLATE
ADJUST PLATE
KEY 5 X 5 X 20
PRESSURE ROLLER
SANDING DRUM
EXT RETAINING RING 19MM
BUSHING
PILLOW BLOCK BEARING
SET SCREW 5/16-24 X 1/2
82
85
87
88
89
89-1
90
92
93
94
98
XPW02
XPLN01
X1740087
XPB51
XPW06
X1740089-1
X1740090
X1740092
X1740093
XPVA36
XPAW03M
FLAT WASHER 3/8
LOCK NUT 3/8-16
COMPRESSION SPRING
HEX BOLT 1/4-20 X 3/8
FLAT WASHER 1/4
BRACKET
HOOK & LOOP SANDBELT
HOOK & LOOP DRUM COVER
DRUM PULLEY
V-BELT A36
HEX WRENCH 3MM
-9-
W1740 Manual Update (Mfg. Since 1/10)
Conveyor
-,$)
,-
.0
.+
*+
,.$)
,($)
-,$(
-(
--+$(
,( ,0 -'
+0$) ,.$)
*+
,-
+0$(
..
.*
-(
*,
,'
,0
.*
-'
,+0$(
0.
-(
0-
-+M*
('(
-(
,.$(
*+
./
.-
,($(M*
(*+ ,.$)
/*
0.
*.M)
0,
.-
./
-*
*/M+
*/M+$('
*/M+$(,
*/M+$(-
*/M+$(*
*/M+$(+
*/M+$((
*/M+$(
*/M+$)
*/M+$*
*/M+$+
*/M+$-
*/M+$.
*/M+$.
*/M+$,
*/M+$,
*/M+$(+
*/M+$()
*/M+$(*
*/M+$0
*/M+$/
-10-
W1740 Manual Update (Mfg. Since 1/10)
Conveyor Parts List
REF
PART #
DESCRIPTION
REF
PART #
DESCRIPTION
34
35
37V2
38V4
38V4-1
38V4-2
38V4-3
38V4-4
38V4-5
38V4-6
38V4-7
38V4-8
38V4-9
38V4-10
38V4-11
38V4-12
38V4-13
38V4-14
38V4-15
38V4-16
49-1
49-2
50
51
51-1V3
XPN03
X1740035
X1740037V2
X1740038V4
XPS56M
XPLW02M
X1740038V4-3
X1740038V4-4
XP6003ZZ
X1740038V4-6
XP6000ZZ
XPR06M
X1740038V4-9
X1740038V4-10
X1740038V4-11
X1740038V4-12
X1740038V4-13
X1740038V4-14
X1740038V4-15
XPS19M
X1740049-1
X1740049-2
X1740050
X1740051
X1740051-1V3
HEX NUT 3/4-16
TABLE FRAME
CONVYR MOTOR PLATE V2.01.10
DC FEED MOTOR 105W V4.01.10
PHLP HD SCR M4-.7 X 16
LOCK WASHER 4MM
END CASE V4.01.10
DRIVE GEAR V4.01.10
BALL BEARING 6003ZZ
MAIN CASE V4.01.10
BALL BEARING 6000ZZ
EXT RETAINING RING 16MM
ARMATURE V4.01.10
FEED MOTOR PWR CORD V4.01.10
STATOR HOUSING V4.01.10
MIDDLE CAP V4.01.10
CARBON BRUSH V4.01.10
PLASTIC LOCK SCREW V4.01.10
END CAP V4.01.10
PHLP HD SCR M5-.8 X 6
LEFT ROLLER END GUARD COVER
RIGHT ROLLER END GUARD COVER
LEFT FRONT ROLLER BRACKET
RIGHT FRONT ROLLER BRACKET
LFT REAR ROLLR BRCKT V3.01.10
51-2
56
57-1
57-2
59
60
61
63
64V3
64-1
65-1
65-2
66
73
74
76
77
78
79
83
95
96
97
101
134
X1740051-2
XPFS03
XPS06
XPCAP06
X1740059
X1740060
X1740061
XPSS11
X1740064V3
X1740064-1
X1740065-1
XPFH12
X1740066
X1740073
X1740074
XPW06
XPS06
XPCAP01
XPW03
XPCAP28M
X1740095
XPK12M
XP6003-2RS
XPLN02
XPSS11
RIGHT REAR ROLLER BRACKET
FLANGE SCREW 10-24 X 3/8
PHLP HD SCR 10-24 X 3/8
CAP SCREW 1/4-20 X 1
TENSION ADJUSTMENT BOLT
BUSHING SUPPORT
PLATE
SET SCREW 1/4-20 X 1/4
DRIVE ROLLER V3.01.10
IDLER ROLLER
TABLE
FLAT HD SCR 1/4-20 X 1
CONVEYOR BELT
BUSHING
SCALE POINTER
FLAT WASHER 1/4
PHLP HD SCR 10-24 X 3/8
CAP SCREW 1/4-20 X 5/8
FLAT WASHER #10
CAP SCREW M6-1 X 15
BUSHING
KEY 5 X 5 X 30
BALL BEARING 6003-2RS
LOCK NUT 1/4-20
SET SCREW 1/4-20 X 1/4
-11-
W1740 Manual Update (Mfg. Since 1/10)
Label Placement
Safety labels warn about machine hazards and how to prevent machine damage or injury. The
owner of this machine MUST maintain the original location and readability of all labels on this
machine. If any label is removed or becomes unreadable, REPLACE that label before allowing the
machine to enter service again. Contact Woodstock International, Inc. at (360) 734-3482 or www.
shopfoxtools.com to order new labels.
().
()*
()(*'
()0
,,
()+
()/
()(
()($(
())
(),
REF
PART #
DESCRIPTION
REF
PART #
DESCRIPTION
55
121
121-1
122
123
124
X1740055
D3375
XPHTEK12
X1740122
X1740123
XLABEL-06
SPEED INDICATOR LABEL
SHOP FOX LOGO PLATE
TAP SCREW #5 X 3/8
ID LABEL
DISCONNECT POWER LABEL
RESPIRATOR/GLASSES LABEL
125
126
127
128
129
130
XLABEL-08
XLABEL-13
X1740127
X1740128
XLABEL-04
XPPAINT-1
READ MANUAL LABEL
CONVEYOR HAND PINCH LABEL
SANDER KICKBACK LABEL
TAPE BLACK/TAN TRIM
ELECTRICITY LABEL
SF WHITE POWDER COATED PAINT
-12-
J<KLG%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% ('
LegXZb`e^%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%('
@em\ekfip%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%('
DXZ_`e\GcXZ\d\ek%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%((
:c\Xe`e^DXZ_`e\%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%((
JXe[\i@ejkXccXk`fe%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%()
?Xe[ZiXeb@ejkXccXk`fe%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%()
;ljkGfik@ejkXccXk`fe%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%()
K\jkIle%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(*
J<KLG
D8@EK<E8E:<%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% (0
>\e\iXc%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(0
:c\Xe`e^%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(0
ClYi`ZXk`fe%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%)'
G8IKJ
LJ<K?<HL@:B>L@;<G8><C89<CJKFJ<8I:?FLK@E=FID8K@FE=8JK
J<IM@:<
D8@EK<E8E:<
FG<I8K@FEJ%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% (+
>\e\iXc%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(+
;\gk_f]:lk%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(,
=\\[IXk\%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(,
JXe[`e^%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(JXe[`e^K`gj%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(JXe[gXg\iJ\c\Zk`fe%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(/
JXe[gXg\iI\gcXZ\d\ek%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(/
FG<I8K@FEJ
<C<:KI@:8C%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%0
(('MFg\iXk`fe%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% 0
<ok\ej`fe:fi[j%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% 0
>ifle[`e^%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% 0
<C<:KI@:8C
J8=<KP%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%JkXe[Xi[JX]\kp@ejkilZk`fej%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% 8[[`k`feXcJX]\kp@ejkilZk`fej]fiJXe[\ij%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% /
J8=<KP
@EKIF;L:K@FE%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%*
Nff[jkfZbK\Z_e`ZXcJlggfik%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% *
8YflkPfliE\n();ildjXe[\i%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% *
Jg\Z`]`ZXk`fej%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% +
:fekifcjXe[=\Xkli\j%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% ,
@EKIF;L:K@FE
:fek\ekj
G8IKJ%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% ++
=iXd\GXikj;`X^iXd%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%++
:fem\pfiXe[;ild;`X^iXd%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%+,
CXY\cGcXZ\d\ek%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%+GXikjC`jk%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%+.
GXikjC`jk%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%+/
Efk\j%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%+0
@EKIF;L:K@FE
J8=<KP
<C<:KI@:8C
G8IKJ
J<IM@:<
D8@EK<E8E:<
FG<I8K@FEJ
J<KLG
J<IM@:<%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% )(
>\e\iXc%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%)(
M$9\ckJ\im`Z\%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%)(
Glcc\p8c`^ed\ek%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%))
:fem\pfiK\ej`fe`e^%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%)*
:fem\pfiKiXZb`e^%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%)+
>Xl^\9fXi[j%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%)+
;ild$kf$KXYc\JhlXi`e^%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%),
;ljkJZffg>Xg%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%).
;ild$kf$:fem\pfiKiXZb`e^%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%)/
Gi\jjli\Ifcc\i?\`^_kXe[K\ej`fe%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%)0
JZXc\Gf`ek\i:Xc`YiXk`fe%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%*'
KXYc\8[aljkd\ek%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%*(
:fem\pfiI\gcXZ\d\ek%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%*)
9\Xi`e^I\gcXZ\d\ek%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%*.
KiflYc\j_ffk`e^%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%*0
N`i`e^;`X^iXd%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%+)
LJ<K?<HL@:B>L@;<G8><C89<CJKFJ<8I:?FLK@E=FID8K@FE=8JK
@EKIF;L:K@FE
Nff[jkfZbK\Z_e`ZXcJlggfik
N\jkXe[Y\_`e[flidXZ_`e\j@ek_\\m\ekk_Xkhl\jk`fejXi`j\XYflkpflidXZ_`e\#gXikjXi\d`jj$
`e^#fiX[\]\Zk`j]fle[#gc\Xj\ZfekXZkNff[jkfZb@ek\ieXk`feXcK\Z_e`ZXcJlggfikXk*-' .*+$*+/)fi
j\e[\$dX`ckf1k\Z_$jlggfik7j_fg]fo%Y`q%Flibefnc\[^\XYc\jkX]]n`cc_\cgpflkiflYc\j_ffkgifY$
c\djXe[j\e[flkgXikj]finXiiXekpZcX`dj%
@]pfle\\[k_\cXk\jk\[`k`fef]k_`jdXelXc#pflZXe[fnecfX[`k]ifd_kkg1&&nnn%j_fg]fo%Y`q%
@]pfljk`cc_Xm\hl\jk`fejX]k\ii\X[`e^k_\cXk\jkdXelXc#fi`]pfl_Xm\Zfdd\ekjgc\Xj\ZfekXZkljXk1
Nff[jkfZb@ek\ieXk`feXc#@eZ%
8kke1K\Z_e`ZXcJlggfik;\gXikd\ek
G%F%9fo)*'0
9\cc`e^_Xd#N80/)).
8YflkPfliE\n();ildjXe[\i
Pflie\nE:AB8AJž();ildJXe[\i_XjY\\ejg\Z`Xccp[\j`^e\[kfgifm`[\dXepp\Xijf]kiflYc\$
]i\\j\im`Z\%:cfj\Xkk\ek`fekf[\kX`c#il^^\[cpYl`ckgXikjXe[Xi`^`[hlXc`kpZfekifcgif^iXdXjjli\
jX]\Xe[i\c`XYc\fg\iXk`fe%
K_`j();ildjXe[\i_XjXjkXk`feXip_\X[jkfZbn`k_XmXi`XYc\jg\\[Zfem\pfikXYc\%K_\kXYc\_\`^_k
`jdXelXccpZfekifcc\[YpX_Xe[ZiXeb%K_\Df[\cN(.+'[ildjXe[\iZXeY\dflek\[kfdfjkjkli[p
nfibY\eZ_\jfikffckXYc\j%8(%,?Gdfkfi[i`m\jk_\jXe[`e^[ild#n_`c\Xle`m\ijXcdfkfi[i`m\jk_\
Zfem\pfi]\\[iXk\%
Nff[jkfZb@ek\ieXk`feXc#@eZ%`jZfdd`kk\[kfZljkfd\ijXk`j]XZk`fe`egifm`[`e^k_`jdXelXc%@k`jfli
`ek\ekkf`eZcl[\Xcck_\`e]fidXk`fee\Z\jjXip]fijX]\kp#\Xj\f]Xjj\dYcp#giXZk`ZXclj\Xe[[liXY`c`kp
f]k_`jgif[lZk%
$*$
@EKIF;L:K@FE
N(.+'();ildJXe[\i
@EKIF;L:K@FE
N(.+'();ildJXe[\i
Jg\Z`]`ZXk`fej
JXe[`e^Dfkfi%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(%,?G#(/8#(('M#*+,'IGD#J`e^c\$G_Xj\
:fem\pfiDfkfi%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% I_\fjkXkXe[:`iZl`k9fXi[:fekifcc\[Dfkfi
;ildJg\\[%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% )*''=GD
;ild;`Xd\k\i%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% +
DXo`dldNfibg`\Z\K_`Zbe\jj%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% **Ð+
D`e`dldNfibg`\Z\K_`Zbe\jj%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(Ð/
DXo`dldNfibg`\Z\N`[k_%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% ()
D`e`dldNfibg`\Z\C\e^k_%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% /
:fem\pfiJg\\[%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% 'kf(,=GD
JXe[gXg\iJ`q\%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% *N`[\O.)Cfe^#?ffbXe[CffgJkpc\
;ljkGfik%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%)(Ð)F;
?Xe[n_\\cIfkXk`fe$kf$KXYc\KiXm\c%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%*-'²4'%'),
=ffkgi`ek%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% ))(Ð+N`[\o(*(Ð);\\g
Fm\iXccN`[k_%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%).(Ð+
Fm\iXcc?\`^_k%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%),.Ð/
Fm\iXcc;\gk_%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% )+
DXZ_`e\N\`^_k%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% (+0cYj%
$+$
:fekifcjXe[=\Xkli\j
KXb\k_\k`d\kf]Xd`c`Xi`q\pflij\c]n`k_k_\Zfekifcjf]pflie\n[ildjXe[\i%K_\pn`ccY\
]i\hl\ekcpd\ek`fe\[k_ifl^_flkk_\`ejkilZk`fej`ek_`jdXelXc#Xe[k_\Y\kk\ipflbefnpfli
dXZ_`e\#k_\Y\kk\ipflZXedXb\`kg\i]fid%=`^li\(gf`ekjflkk_\b\pZfekifcjXe[k_\`icfZXk`fej%
8jn`k_Xccgi\Z`j`fedXZ_`e\ip#X[aljkd\ekjkfk_\[ildjXe[\ii\hl`i\m\ipZcfj\kfc\iXeZ\j%K_\
X[aljkd\ekj[\jZi`Y\[`ek_`jj\Zk`fen`ccY\]XZkfipj\k%?fn\m\i#[li`e^k_\c`]\f]k_\dXZ_`e\`k
n`cce\Z\jjXipkfdXb\k_\j\X[aljkd\ekjpflij\c]%DXepf]k_\j\X[aljkd\ekji\hl`i\k_\lj\f]Xe
`e[`ZXk`e^kffcjlZ_XjX[`Xc`e[`ZXkfifiXIfkXZXkfižkfXZ_`\m\XZZliXk\i\jlckj%
9
8
:
;
A
<
@
=
>
?
8%
9%
:%
;%
<%
=%
>%
?%
@%
A%
Kfg:fm\iCfZbBefY
;ljkGfik
Kfg:fm\i
NfidXe[G`e`fe8jj\dYcp
KXYc\?\`^_k?Xe[ZiXeb
;\gk_JZXc\
FE&F==Jn`kZ_
;ildJXe[\i8ZZ\jjGXe\c
MXi`XYc\Jg\\[:fekifc
:fem\pfi9\ck
=`^li\(%:fekifcjXe[]\Xkli\j%
$,$
@EKIF;L:K@FE
N(.+'();ildJXe[\i
N(.+'();ildJXe[\i
J8=<KP
J8=<KP
I<8;D8EL8C9<=FI<FG<I8K@E>D8:?@E<%
=8@CLI<KF=FCCFN@EJKIL:K@FEJ9<CFNN@CC
I<JLCK@EG<IJFE8C@EALIP%
@e[`ZXk\jXe`dd`e\ekcp_XqXi[fljj`klXk`fen_`Z_#`]efkXmf`[\[#N@CC
i\jlck`e[\Xk_fij\i`flj`ealip%
@e[`ZXk\jXgfk\ek`Xccp_XqXi[fljj`klXk`fen_`Z_#`]efkXmf`[\[#:FLC;
i\jlck`e[\Xk_fij\i`flj`ealip%
@e[`ZXk\jXgfk\ek`Xccp_XqXi[fljj`klXk`fen_`Z_#`]efkXmf`[\[#D8P
i\jlck`ed`efifidf[\iXk\`ealip%
EFK@:<
K_`jjpdYfc`jlj\[kfXc\ikk_\lj\ikflj\]lc`e]fidXk`feXYflkgifg\i
fg\iXk`fef]k_\\hl`gd\ek#Xe[&fiXj`klXk`fek_XkdXpZXlj\[XdX^\
kfk_\dXZ_`e\ip%
JkXe[Xi[JX]\kp@ejkilZk`fej
(% I<8;K?IFL>?K?<<EK@I<D8EL8C9<=FI<JK8IK@E>D8:?@E<IP%DXZ_`e\ipgi\j\ekjj\i`flj
`ealip_XqXi[jkflekiX`e\[lj\ij%
)% 8CN8PJLJ<8EJ@8GGIFM<;J8=<KP>C8JJ<JN?<EFG<I8K@E>D8:?@E<IP%<m\ip[Xp\p\$
^cXjj\jfecp_Xm\`dgXZki\j`jkXekc\ej\j%K_\pXi\EFKjX]\kp^cXjj\j%
*% 8CN8PJN<8I8E8EJ@8GGIFM<;I<JG@I8KFIN?<EFG<I8K@E>D8:?@E<IPK?8KGIF;L:<J
;LJK%Nff[[ljk`jXZXiZ`ef^\eXe[ZXeZXlj\ZXeZ\iXe[j\m\i\i\jg`iXkfip`cce\jj\j%
+% 8CN8PJLJ<?<8I@E>GIFK<:K@FEN?<EFG<I8K@E>D8:?@E<IP%DXZ_`e\ipef`j\ZXeZXlj\
g\idXe\ek_\Xi`e^[XdX^\%
,% N<8IGIFG<I8GG8I<C%;FEFKn\Xicffj\Zcfk_`e^#^cfm\j#e\Zbk`\j#i`e^j#fia\n\cipn_`Z_
dXp^\kZXl^_k`edfm`e^gXikj%N\Xigifk\Zk`m\_X`iZfm\i`e^kfZfekX`ecfe^_X`iXe[n\Xiefe$
jc`g]ffkn\Xi%
-% E<M<IFG<I8K<D8:?@E<IPN?<EK@I<;#FILE;<IK?<@E=CL<E:<F=;IL>JFI8C:F?FC%
9\d\ekXccpXc\ikXkXcck`d\jn_\eilee`e^dXZ_`e\ip%
.% FECP8CCFNKI8@E<;8E;GIFG<ICPJLG<IM@J<;G<IJFEE<CKFFG<I8K<D8:?@E<IP%DXb\
jli\fg\iXk`fe`ejkilZk`fejXi\jX]\Xe[Zc\Xicple[\ijkff[%
/% B<<G:?@C;I<E8E;M@J@KFIJ8N8P%B\\gXccZ_`c[i\eXe[m`j`kfijXjX]\[`jkXeZ\]ifdk_\nfib
Xi\X%
0% D8B<NFIBJ?FG:?@C;GIFF=%Lj\gX[cfZbj#dXjk\ijn`kZ_\j#Xe[i\dfm\jkXikjn`kZ_b\pj%
$-$
N(.+'();ildJXe[\i
('%E<M<IC<8M<N?<ED8:?@E<@JILEE@E>%Kliegfn\iF==Xe[XccfnXccdfm`e^gXikjkfZfd\
kfXZfdgc\k\jkfgY\]fi\c\Xm`e^dXZ_`e\leXkk\e[\[%
()%B<<GNFIB8I<8:C<8E8E;N<CCC@K%:clkk\iXe[[Xibj_X[fnjdXpZXlj\XZZ`[\ekj%
(*%LJ<8>IFLE;<;<OK<EJ@FE:FI;I8K<;=FIK?<D8:?@E<8DG<I8><%Le[\ij`q\[Zfi[j
fm\i_\XkXe[cfj\gfn\i%I\gcXZ\\ok\ej`feZfi[j`]k_\pY\Zfd\[XdX^\[%;FEFKlj\\ok\e$
j`feZfi[j]fi))'MdXZ_`e\ip%
(+%8CN8PJ;@J:FEE<:K=IFDGFN<IJFLI:<9<=FI<J<IM@:@E>D8:?@E<IP%DXb\jli\jn`kZ_`j`e
F==gfj`k`feY\]fi\i\Zfee\Zk`e^%
(,%D8@EK8@ED8:?@E<IPN@K?:8I<%B\\gYcX[\jj_XigXe[Zc\Xe]fiY\jkXe[jX]\jkg\i]fidXeZ\%
=fccfn`ejkilZk`fej]ficlYi`ZXk`e^Xe[Z_Xe^`e^XZZ\jjfi`\j%
(-%D8B<JLI<>L8I;J8I<@EGC8:<8E;NFIB:FII<:KCP9<=FI<LJ@E>D8:?@E<IP%
(.%I<DFM<8;ALJK@E>B<PJ8E;NI<E:?<J%DXb\X_XY`kf]Z_\Zb`e^]fib\pjXe[X[aljk`e^
ni\eZ_\jY\]fi\klie`e^dXZ_`e\ipFE%
(/%:?<:B=FI;8D8><;G8IKJ9<=FI<LJ@E>D8:?@E<IP%:_\Zb]fiY`e[`e^Xe[Xc`^ed\ekf]
gXikj#Yifb\egXikj#gXikdflek`e^#cffj\Yfckj#Xe[Xepfk_\iZfe[`k`fejk_XkdXpX]]\ZkdXZ_`e\
fg\iXk`fe%I\gX`ifii\gcXZ\[XdX^\[gXikj%
(0%LJ<I<:FDD<E;<;8::<JJFI@<J%I\]\ikfk_\`ejkilZk`fedXelXc]fii\Zfdd\e[\[XZZ\jjfi`\j%
K_\lj\f]`dgifg\iXZZ\jjfi`\jdXpZXlj\i`jbf]`ealip%
)'%;FEFK=FI:<D8:?@E<IP%NfibXkk_\jg\\[]fin_`Z_k_\dXZ_`e\fiXZZ\jjfipnXj[\j`^e\[%
)(%J<:LI<NFIBG@<:<%Lj\ZcXdgjfiXm`j\kf_fc[k_\nfibg`\Z\n_\egiXZk`ZXc%8j\Zli\[
nfibg`\Z\gifk\Zkjpfli_Xe[jXe[]i\\jYfk__Xe[jkffg\iXk\k_\dXZ_`e\%
))%;FEFKFM<II<8:?%B\\ggifg\i]ffk`e^Xe[YXcXeZ\XkXcck`d\j%
)*%D8EPD8:?@E<JN@CC<A<:KK?<NFIBG@<:<KFN8I;K?<FG<I8KFI%BefnXe[Xmf`[Zfe[`$
k`fejk_XkZXlj\k_\nfibg`\Z\kfb`ZbYXZb%
)+%8CN8PJCF:BDF9@C<98J<J@=LJ<; 9<=FI<FG<I8K@E>D8:?@E<IP%
),%NFIBGC8:<J8=<KP%8cnXpjn\XiXeXggifm\[i\jg`iXkfin_\elj`e^k_`jdXZ_`e\%JXe[`e^[ljk
ZXeZXlj\g\idXe\eki\jg`iXkfip`eali`\j%
$.$
J8=<KP
((%;FEFKLJ<@E;8E><IFLJ<EM@IFED<EKJ%;FEFKlj\dXZ_`e\ip`e[Xdg#n\kcfZXk`fej#fi
n_\i\Xep]cXddXYc\fiefo`flj]ld\jdXp\o`jk%
N(.+'();ildJXe[\i
J8=<KP
8[[`k`feXcJX]\kp@ejkilZk`fej]fiJXe[\ij
I<8; Xe[ le[\ijkXe[ k_`j
\ek`i\ `ejkilZk`fe dXelXc
Y\]fi\ lj`e^ k_`j dXZ_`e\%
J\i`fljg\ijfeXc`ealipdXp
fZZli `] jX]\kp Xe[ fg\i$
Xk`feXc `e]fidXk`fe `j efk
le[\ijkff[ Xe[ ]fccfn\[%
;FEFKi`jbpflijX]\kpYp
efki\X[`e^
LJ<k_`jXe[fk_\idXZ_`e\ipn`k_ZXlk`fe
Xe[ i\jg\Zk% 8cnXpj Zfej`[\i jX]\kp ]`ijk#
Xj `k Xggc`\j kf pfli `e[`m`[lXc nfib`e^
Zfe[`k`fej%Efc`jkf]jX]\kp^l`[\c`e\jZXe
Y\ Zfdgc\k\Ç\m\ip j_fg \em`ifed\ek `j
[`]]\i\ek%=X`cli\kf]fccfn^l`[\c`e\jZflc[
i\jlck `e j\i`flj g\ijfeXc `ealip# [XdX^\
kf\hl`gd\ekfigffinfibi\jlckj%
(% @EJKIL:K@FED8EL8C%K_`jdXZ_`e\gi\j\ekjj`^e`]`ZXekjX]\kp_XqXi[jkflekiX`e\[lj\ij%I\X[&
le[\ijkXe[k_`j\ek`i\dXelXcY\]fi\jkXik`e^k_\[ildjXe[\i%
)% I<8:?@E>@EJ@;<;ILDJ8E;<I%E\m\ii\XZ_`ej`[\[ildjXe[\ifii\dfm\Zfm\ijn_\ek_\
[ildjXe[\i`jZfee\Zk\[kfgfn\i#Xe[XcnXpjjkfgk_\[ildjXe[\iXe[[`jZfee\Zkgfn\iY\]fi\
i\dfm`e^aXdd\[nfibg`\Z\j%
*% @E=<<;J8=<KP%K_\Zfem\pfi`j[\j`^e\[kfglccdXk\i`Xc`ekfk_\jXe[`e^[ild%8cnXpjb\\g
_Xe[j#Zcfk_`e^#Xe[cfe^_X`iXnXp]ifdk_\Zfem\pfi[li`e^fg\iXk`fekfgi\m\ekj\i`flj`ealip%
+% 9F;PGFJ@K@FEN?@C<FG<I8K@E>%K_\nfibg`\Z\dXpb`Zbflk[li`e^fg\iXk`fe%KfXmf`[^\k$
k`e^_`k#jkXe[kfk_\j`[\f]k_\[ildjXe[\i[li`e^k_\\ek`i\fg\iXk`fe%
,% J8E;@E>:FII<:KD8K<I@8C%FecpjXe[eXkliXcnff[jkfZbn`k_k_`j[ildjXe[\i%;FEFKjXe[
D;=#gcpnff[#cXd`eXk\j#fifk_\ijpek_\k`Zgif[lZkj%
-% >I8@E;@I<:K@FE%JXe[`e^XZifjjk_\^iX`e`j_Xi[fek_\[ildjXe[\iXe[dXpZXlj\k_\
nfibg`\Z\kfb`Zbflk%8cnXpjjXe[`ek_\jXd\[`i\Zk`fefiXkXjc`^_kXe^c\n`k_k_\nff[^iX`e%
.% CFFB@E>@EJ@;<;ILDJ8E;<I%Nff[Z_`gj]cpXifle[`ej`[\k_\[ildjXe[\iXkX_`^_iXk\f]
jg\\[%;FEFKcffb`ej`[\k_\[ildjXe[\ifii\dfm\^lXi[j&Zfm\ij[li`e^fg\iXk`fe%
/% :LKK@E>C@D@K8K@FEJ%K_\[ildjXe[\idXpb`ZbflkXnfibg`\Z\Xkk_\fg\iXkfifiY\[XdX^\[
`]glj_\[Y\pfe[jXe[`e^c`d`kj%
0% :C<8EJKF:B%JXe[`e^jkfZbn`k_eX`cj#jkXgc\j#ficffj\befkjD8PZXlj\[\Yi`jkfb`ZbflkXkk_\
fg\iXkfiXe[N@CC[XdX^\k_\jXe[`e^[ild%8cnXpjk_fifl^_cp`ejg\ZkXe[gi\gXi\jkfZbkfXmf`[
k_\j\_XqXi[j%
('%LEGCL>>@E>;LI@E>8;ALJKD<EKJ%N_\eZfee\Zk\[kfgfn\i#k_\[ildjXe[\iZXeY\XZZ`$
[\ekXccpklie\[FE%8cnXpj[`jZfee\Zkgfn\in_\ej\im`Z`e^fiX[aljk`e^k_\Zfdgfe\ekjf]k_\
[ildjXe[\i%
$/$
N(.+'();ildJXe[\i
<C<:KI@:8C
(('MFg\iXk`fe
K_\E:AB8AJ™Df[\cN(.+'fg\iXk\jXk(('mfckj%
Lj\XE<D8$jkpc\,$)'gcl^Xe[i\Z\gkXZc\=`^li\) kf
Zfee\ZkpflidXZ_`e\kfgfn\i%
K_\dfkfijlggc`\[n`k_pflie\n();ildjXe[\i`j
iXk\[Xk(%,?GXe[n`cc[iXnXggifo`dXk\cp(/Xdgj%
@]pflXi\lejli\XYflkk_\n`i`e^Zf[\j`epfliXi\X
fipflgcXekfZfee\ZkpflidXZ_`e\kfXj_Xi\[Z`i$
Zl`k#pfldXpZi\Xk\X]`i\_XqXi[ÇZfejlckXhlXc`]`\[
\c\Zki`Z`Xekfi\[lZ\k_`ji`jb%
<ok\ej`fe:fi[j
N\[fefki\Zfdd\e[lj`e^Xe\ok\ej`feZfi[]fi\hl`g$
d\ek%@ejk\X[#XiiXe^\k_\gcXZ\d\ekf]pflidXZ_`e\ip
Xe[`ejkXcc\[n`i`e^kf\c`d`eXk\k_\e\\[]fi\ok\ej`fe
Zfi[j%@]pfldljklj\Xe\ok\ej`feZfi[#gc\Xj\lj\k_\
]fccfn`e^^l`[\c`e\j1
›
›
›
›
›
Lj\Zfi[jiXk\[]fiJkXe[Xi[J\im`Z\
E\m\i\oZ\\[Xc\e^k_f],']\\k
Lj\Zfi[jn`k_()^X%n`i\fiY`^^\i
<ejli\Zfi[_XjX^ifle[n`i\Xe[g`e
;fefklj\Zfi[j`ee\\[f]i\gX`i
>ifle[`e^
K_`jdXZ_`e\dljkY\^ifle[\[@]pfligfn\ijlggcp
i\Z\gkXZc\[f\jefkXZZfddf[Xk\X^ifle[g`e#_Xm\k_\
i\Z\gkXZc\i\gcXZ\[YpXhlXc`]`\[\c\Zki`Z`Xefi_Xm\Xe
Xggifgi`Xk\X[Xgk\i`ejkXcc\[Xe[^ifle[\[gifg\icp%8e
X[Xgk\in`k_X^ifle[`e^n`i\[f\jefk^lXiXek\\k_\
dXZ_`e\n`ccY\^ifle[\[%8^ifle[jfliZ\dljkY\m\i`$
]`\[%
$0$
=`^li\)%Kpg`ZXc(('M)'8*$gife^gcl^
Xe[flkc\k%
K_`j \hl`gd\ek dljk Y\ ^ifle[\[%
M\i`]pk_XkXep\o`jk`e^\c\Zki`ZXcflk$
c\kXe[Z`iZl`kpfl`ek\e[kfgcl^`ekf
`jXZklXccp^ifle[\[%@]`k`jefk#`kn`cc
Y\e\Z\jjXipkfileXj\gXiXk\()8N>
Zfgg\i^ifle[`e^n`i\]ifdk_\flkc\k
kfXbefne^ifle[%Le[\iefZ`iZld$
jkXeZ\j j_flc[ k_\ ^ifle[`e^ g`e Y\
i\dfm\[]ifdXepk_i\\$gife^\[gcl^
fij\i`flj`ealipdXpfZZli%
<C<:KI@:8C
N\i\Zfdd\e[Zfee\Zk`e^k_`jdXZ_`e\kfX[\[`ZXk\[
Z`iZl`kn`k_Xm\i`]`\[^ifle[#lj`e^X)'XdgZ`iZl`k
Yi\Xb\i%E\m\ii\gcXZ\XZ`iZl`kYi\Xb\in`k_fe\f]
_`^_\iXdg\iX^\n`k_flkZfejlck`e^XhlXc`]`\[\c\Zki`$
Z`Xekf\ejli\Zfdgc`XeZ\n`k_n`i`e^Zf[\j%Fk_\in`j\
pfldXpfm\icfX[k_\n`i\Xe[gcl^j`ek_\Z`iZl`k%
N(.+'();ildJXe[\i
J<KLG
LegXZb`e^
>\k c`]k`e^ Xjj`jkXeZ\ Y\]fi\
jkXik`e^ Xjj\dYcp% K_\ Df[\c
N(.+' ;ild JXe[\i `j X _\Xmp
cfX[# ;F EFK Xkk\dgk kf c`]k `k
n`k_flk_\cg
@]XepgXikjXi\d`jj`e^#\oXd`e\k_\gXZb$
X^`e^]fik_\d`jj`e^gXikj%=fiXepd`jj`e^
gXikj#]`e[k_\gXikeldY\i`ek_\YXZb
f]k_`jdXelXcXe[ZfekXZkNff[jkfZb
@ek\ieXk`feXc#@eZ%Xk*-' .*+$*+/)fiXk
k\Z_$jlggfik7j_fg]fo%Y`q
JL==F:8K@FE?8Q8I;
@dd\[`Xk\cp [`jZXi[ Xcc
gcXjk`Z YX^j Xe[ gXZb$
`e^ dXk\i`Xcj kf \c`d`$
eXk\Z_fb`e^&jl]]fZXk`fe
_XqXi[j]fiZ_`c[i\eXe[
Xe`dXcj%
J<KLG
K_\E:AB8AJ™Df[\cN(.+'_XjY\\eZXi\]lccpgXZb$
X^\[]fijX]\kiXejgfik`e^%@]pflefk`Z\k_\dXZ_`e\_Xj
Y\\e[XdX^\[#gc\Xj\ZfekXZkpfliXlk_fi`q\[E:AB
8AJ™[\Xc\i`dd\[`Xk\cp%
@em\ekfip
K_\]fccfn`e^`jX[\jZi`gk`fef]k_\dX`eZfdgfe\ekj
j_`gg\[n`k_k_\E:AB8AJžDf[\cN(.+'%CXpk_\
Zfdgfe\ekjflkkf`em\ekfipk_\d%
8
Efk\1Jfd\gXikjXe[_Xi[nXi\dXpXci\X[pY\
`ejkXcc\[fek_\dXZ_`e\%DXb\jli\kfZ_\Zbk_\
dXZ_`e\n_\epfllj\k_`j`em\ekfipc`jk%
9fo@em\ekfip=`^li\* Hkp
8% ;ildJXe[\i%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% (
9% ;ljkGfikXe[JZi\nj%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% (
:% ?\oNi\eZ_*dd %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% (
;% ?Xe[ZiXeb%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% (
;
:
9
=`^li\*%@em\ekfip%
$('$
N(.+'();ildJXe[\i
DXZ_`e\GcXZ\d\ek
›
=cffiCfX[1K_`jdXZ_`e\[`jki`Ylk\jX
_\XmpcfX[`eXjdXcc]ffkgi`ek%Jfd\nfib
Y\eZ_\jdXpi\hl`i\X[[`k`feXcYiXZ`e^kf
jlggfikYfk_k_\dXZ_`e\Xe[Xnfibg`\Z\%
›
Nfib`e^:c\XiXeZ\j1:fej`[\i\o`jk`e^Xe[
Xek`Z`gXk\[e\\[j#j`q\f]dXk\i`XckfY\
gifZ\jj\[k_ifl^_k_\dXZ_`e\#Xe[jgXZ\
]fiXlo`c`XipjkXe[j#nfibkXYc\jfifk_\i
dXZ_`e\ipn_\e\jkXYc`j_`e^XcfZXk`fe]fi
pfli[ildjXe[\i%
C`^_k`e^1C`^_k`e^j_flc[Y\Yi`^_k\efl^_
kf\c`d`eXk\j_X[fnXe[gi\m\ek\p\jkiX`e%
›
<c\Zki`ZXc1<c\Zki`ZXcZ`iZl`kjdljkY\
[\[`ZXk\[ficXi^\\efl^_kf_Xe[c\
Xdg\iX^\i\hl`i\d\ekj%Flkc\kjdljkY\
cfZXk\[e\Xi\XZ_dXZ_`e\#jfgfn\ifi
\ok\ej`feZfi[jXi\Zc\Xif]_`^_$kiX]]`Z
Xi\Xj%=fccfncfZXc\c\Zki`ZXcZf[\j]fi
gifg\i`ejkXccXk`fef]e\nc`^_k`e^#flkc\kj#
fiZ`iZl`kj%
N_\eZc\Xe`e^k_\legX`ek\[d\kXcgXikjf]
pflidXZ_`e\#;FEFKlj\Z_cfi`e\$YXj\[jfc$
m\ekjjlZ_XjYiXb\gXikjZc\Xe\ifiXZ\kfe\Ç`]
pfl_Xgg\ekfjgcXj_jfd\fekfXgX`ek\[jli$
]XZ\#pfln`ccil`ek_\]`e`j_%8cnXpji\clYi`ZXk\
YXi\d\kXcgXikjn`k_Xiljk`e_`Y`k`e^f`c%
E<M<I lj\ ^Xjfc`e\ fi
fk_\i g\kifc\ld$YXj\[
jfcm\ekj kf Zc\Xe n`k_%
Dfjk _Xm\ cfn ]cXj_
gf`ekj# n_`Z_ dXb\ k_\d
\oki\d\cp ]cXddXYc\%
8 i`jb f] \ogcfj`fe Xe[
Ylie`e^ \o`jkj `] k_\j\
gif[lZkjXi\lj\[%J\i`flj
g\ijfeXc`ealipdXpfZZli
`]k_`jnXie`e^`j`^efi\[
8CN8PJ nfib `e n\cc$
m\ek`cXk\[Xi\Xj]Xi]ifd
gfjj`Yc\ `^e`k`fe jfliZ\j
n_\e lj`e^ jfcm\ekj kf
Zc\Xe dXZ_`e\ip% DXep
jfcm\ekj Xi\ kfo`Z n_\e
`e_Xc\[fi`e^\jk\[%Lj\
ZXi\ n_\e [`jgfj`e^
f] nXjk\ iX^j Xe[
kfn\cj kf Y\ jli\ k_\p
;F EFK Zi\Xk\ ]`i\ fi
\em`ifed\ekXc_XqXi[j%
>\k c`]k`e^ Xjj`jkXeZ\
Y\]fi\jkXik`e^Xjj\dYcp%
K_\ Df[\c N(.+' ;ild
JXe[\i `j X _\Xmp cfX[%
;FEFKXkk\dgkkfc`]k`k
n`k_flk_\cg
D8B< pfli j_fg ÈZ_`c[
jX]\%É <ejli\ k_Xk pfli
nfibgcXZ\ `j `eXZZ\jj`Yc\
kf pfle^jk\ij Yp Zcfj`e^
Xe[ cfZb`e^ Xcc \ekiXeZ\j
n_\epflXi\XnXp%E<M<I
Xccfn lekiX`e\[ m`j`kfij `e
pfli j_fg n_\e Xjj\d$
Yc`e^# X[aljk`e^ fi fg\iXk$
`e^\hl`gd\ek%
$(($
J<KLG
›
:c\Xe`e^DXZ_`e\
N(.+'();ildJXe[\i
JXe[\i@ejkXccXk`fe
Dflekk_\jXe[\ifeXjkli[pnfibY\eZ_fifeXjkife^
kffckXYc\%DXb\jli\k_Xkk_\cfZXk`fen`ccXccfn]fi
\Xjp[ljkZfcc\Zk`feZfee\Zk`feXe[lefYjkilZk\[jXe[\i
dX`ek\eXeZ\Xe[j\im`Z\%
Kf`ejkXcck_\[ildjXe[\i#[fk_\j\jk\gj1
(% GcXZ\k_\jXe[\ifeXY\eZ_kfgZXgXYc\f]_fc[`e^
Xggifo`dXk\cp(,'cYj%gcljk_\n\`^_kf]k_\
nfibg`\Z\%DXb\jli\k_\jli]XZ\`j]cXkXe[jkXYc\%
)% ;i`cc]fli (Ð+_fc\jfek_\Y\eZ_#lj`e^k_\_fc\j`e
k_\YXj\XjX^l`[\%
J<KLG
*% Lj`e^X (Ð)ni\eZ_#Yfckk_\YXj\kfk_\Y\eZ_kfg
n`k_ ,Ð(-cX^YfckjXe[]cXknXj_\ijXjj_fne`e
=`^li\+%
=`^li\+%JXe[\i`ejkXccXk`fe%
?Xe[ZiXeb@ejkXccXk`fe
K_\_Xe[ZiXeb`j`ejkXcc\[fek_\]ifeki`^_kc\X[jZi\n
j_X]k#Xe[`j_\c[`egcXZ\n`k_knfj\kjZi\njXci\X[p
k_i\X[\[`ekfk_\_Xe[c\%
Kfdflekk_\_Xe[ZiXeb#[fk_\j\jk\gj1
(% GcXZ\k_\_Xe[ZiXebfm\ik_\j_X]kj_fne`e=`^li\
,Xe[#lj`e^X*dd_\oni\eZ_#j\Zli\k_\_Xe[c\
n`k_k_\knfj\kjZi\nj%
=`^li\,%?Xe[ZiXeb`ejkXccXk`fe%
;ljkGfik@ejkXccXk`fe
K_`j[ildjXe[\ii\hl`i\jXggifo`dXk\cp*'':=D8KK?<
;LJKGFIK%
Efk\18]`e\cXp\if][ljkn`ccXcnXpjY\gi\j\ekfepfli
nfibg`\Z\Xj`kZfd\jflkf]k_\jXe[\i%K_`j`jefidXc%
Kf`ejkXcck_\[ljkgfik#[fk_\j\jk\gj1
(% I\dfm\k_\]fliG_`cc`gj_\X[jZi\njXkk_\[ljk
gfik_fc\%
)% GcXZ\k_\)(Ð)[ljkgfikfm\ik_\kfgZfm\idflek$
`e^_fc\jXe[j\Zli\n`k_k_\G_`cc`gj_\X[jZi\nj
i\dfm\[`eJk\g(Xjj_fne`e=`^li\-%
*% 8kkXZ_X)(Ð)[ljkZfcc\Zk`fe_fj\kfk_\[ljkgfik
Xe[j\Zli\`kn`k_X_fj\ZcXdg%
$()$
=`^li\-%;ljkgfik`ejkXccXk`fe%
N(.+'();ildJXe[\i
K\jkIle
@k`j`dgfikXekkfg\i]fidXk\jkilekfdXb\jli\Xcck_\
ZfekifcjXi\nfib`e^gifg\icp%
Kfk\jkilek_\jXe[\i#[fk_\j\jk\gj1
(% GlkfejX]\kp^cXjj\jXe[dXb\jli\XepYpjkXe[\ij
Xi\flkf]k_\nXpXe[Xcjfn\Xi`e^jX]\kp^cXjj\j%
)% DXb\jli\k_Xkk_\[ildXe[Zfem\pfiXi\efk
kflZ_`e^#Xe[k_\Zfem\pfi`j]i\\Xe[Zc\Xif]Xcc
kffcj%
9\]fi\ jkXik`e^ k_\ jXe[\i# dXb\ jli\
pfl _Xm\ g\i]fid\[ k_\ gi\Z\[`e^
Xjj\dYcp Xe[ X[aljkd\ek `ejkilZk`fej#
Xe[ pfl _Xm\ i\X[ k_ifl^_ k_\ i\jk
f] k_\ dXelXc Xe[ Xi\ ]Xd`c`Xi n`k_
k_\mXi`flj]leZk`fejXe[jX]\kp`jjl\j
XjjfZ`Xk\[n`k_k_`jdXZ_`e\%=X`cli\kf
]fccfnk_`jnXie`e^Zflc[i\jlck`ej\i`$
fljg\ijfeXc`ealipfi\m\e[\Xk_
*% :fee\Zkk_\jXe[\ikfk_\gfn\ijfliZ\%
+% N`k_pfli]`e^\igf`j\[fm\ik_\FE&F==jn`kZ_`e
ZXj\k_\i\`jXgifYc\d#kliek_\[ildjXe[\i/.%
@em\jk`^Xk\Xe[Zfii\ZkXepgifYc\djY\]fi\fg\iXk$
`e^k_\dXZ_`e\]lik_\i%@]pfle\\[_\cg#i\]\ikfk_\
KiflYc\j_ffk`e^j\Zk`fe`ek_\YXZbf]k_`jdXelXcfi
$(*$
J<KLG
K_\[ildjXe[\ij_flc[ilejdffk_cp#n`k_c`kkc\fi
efm`YiXk`fefiilYY`e^ef`j\j%JkiXe^\fileeXkliXc
ef`j\jj_flc[Y\`em\jk`^Xk\[Xe[Zfii\Zk\[Y\]fi\
fg\iXk`e^k_\dXZ_`e\]lik_\i%KfXmf`[`ealipfi
[XdX^\kfk_\dXZ_`e\#;FEFKXkk\dgkkfdXb\
X[aljkd\ekjkfk_\dXZ_`e\n`k_flkklie`e^`k/&&
Xe[legcl^^`e^`k]ifd`kjgfn\ijfliZ\%
8cnXpjn\XijX]\kp^cXjj\jXe[Xi\jg`$
iXkfin_\efg\iXk`e^k_\[ildjXe[\i%
=X`cli\ kf Zfdgcp n`k_ k_`j nXie`e^
dXpi\jlck`ej\i`fljg\ijfeXc`ealip%
N(.+'();ildJXe[\i
FG<I8K@FEJ
>\e\iXc
K_\Df[\cN(.+'n`ccg\i]fiddXepkpg\jf]jXe[`e^
fg\iXk`fejk_XkXi\Y\pfe[k_\jZfg\f]k_`jdXelXc%
DXepf]k_\j\jXe[`e^fg\iXk`fejZXeY\[Xe^\ifljfi
[\X[cp`]g\i]fid\[`eZfii\Zkcp%
K_\`ejkilZk`fej`ek_`jj\Zk`feXi\ni`kk\en`k_k_\
le[\ijkXe[`e^k_Xkk_\fg\iXkfi_Xjk_\e\Z\jjXip
befnc\[^\Xe[jb`ccjkffg\iXk\k_`jdXZ_`e\%@]XkXep
k`d\pflXi\\og\i`\eZ`e^[`]]`Zlck`\jg\i]fid`e^Xep
fg\iXk`fe#jkfglj`e^k_\dXZ_`e\
FG<I8K@FEJ
@]pflXi\Xe`e\og\i`\eZ\[fg\iXkfi#n\jkife^cpi\Z$
fdd\e[k_Xkpfli\X[Yffbj#kiX[\Xik`Zc\j#fij\\b
kiX`e`e^]ifdXe\og\i`\eZ\[[ildjXe[\ifg\iXkfi
Y\]fi\g\i]fid`e^Xeple]Xd`c`Xifg\iXk`fej%8Yfm\Xcc#
pflijX]\kpj_flc[Zfd\]`ijk
I<8;Xe[le[\ijkXe[k_`j\ek`i\`ejkilZ$
k`fe dXelXc Y\]fi\ lj`e^ k_`j dXZ_`e\%
J\i`flj g\ijfeXc `ealip dXp fZZli `]
jX]\kpXe[fg\iXk`feXc`e]fidXk`fe`jefk
le[\ijkff[Xe[]fccfn\[%<ejli\jX]\kp
Xe[i\X[k_`jdXelXc
;FEFK`em\jk`^Xk\gifYc\djfiX[aljk
k_\ [ild jXe[\i n_`c\ `k `j ilee`e^%
NX`klek`ck_\dXZ_`e\`jklie\[f]]#
legcl^^\[ Xe[ Xcc nfib`e^ gXikj
_Xm\Zfd\kfXZfdgc\k\jkfgY\]fi\
gifZ\\[`e^
$(+$
N(.+'();ildJXe[\i
;\gk_f]:lk
K_\_Xe[ZiXebfg\iXk\jXZ_X`e[i`m\jpjk\dk_Xk
iX`j\jXe[cfn\ijk_\kXYc\%=fi\m\ipifkXk`fef]k_\
_Xe[ZiXebk_\Zfem\pfikXYc\dfm\j'%'),%;\g\e[`e^
fek_\kpg\f]nff[#n`[k_f]nff[#]\\[iXk\#Xe[^i`k
f]jXe[gXg\i2pflijXe[`e^[\gk_j_flc[efk\oZ\\[
dfi\k_XeXhlXik\if]Xklief]k_\_Xe[ZiXeb%
=fik_\]`ijkgXjj#XcnXpjX[aljkk_\kXYc\_\`^_kjfk_\
jXe[gXg\in`ccfecpdXb\X_fe`e^gXjjkf^\ki`[f]Xep
gfk\ek`Xc_`^_jgfkj%
I\g\XkfeZ\fikn`Z\n`k_flkX[aljk`e^k_\kXYc\_\`^_k
Kliek_\jkfZb(/'—Y\kn\\egXjj\jkf\ejli\Xe\m\e
Zlk%
=`^li\.%?Xe[ZiXebcfZXk`fe%
EFK@:<
;FEFKMF@;D8:?@E<N8II8EKP;fefkfm\icfX[
k_\[ildjXe[\idfkfi%@]k_\dfkfi`jfm\icfX[\[#
`kn`ccefk`Z\XYcpcfj\IGD#k_\ek_\jkXikZXgXZ`kfi
n`cc\e^X^\#fm\i_\Xk#Xe[Ylieflk%
K_\Df[\cN(.+']\Xkli\jXmXi`XYc\]\\[iXk\[`Xc
j_fne`e=`^li\/n_`Z_nfibjn`k_k_\Zfdglk\iYfXi[
kfmXipk_\Zfem\pfidfkfi]\\[iXk\%8jX^\e\iXcilc\#
k_\]Xjk\i]\\[iXk\n`cc[`d\ej`fecldY\ihl`Zb\iYlk
c\Xm\Xifl^_\i]`e`j_2k_\jcfn\i]\\[iXk\n`ccc\Xm\X
jdffk_\i]`e`j_%8jdXccXdflekf]ki`Xc$Xe[$\iifin`cc
Y\k_\Y\jknXpkf[\k\id`e\n_`Z_j\kk`e^`ji`^_k]fi
pfligXik`ZlcXijXe[`e^kXjb%
$(,$
=`^li\/%=\\[iXk\[`Xc%
FG<I8K@FEJ
=\\[IXk\
N(.+'();ildJXe[\i
JXe[`e^
;FEFKjXe[dfi\k_Xefe\YfXi[XkXk`d\%D`efi
mXi`Xk`fej `e k_`Zbe\jj ZXe ZXlj\ fe\ YfXi[ kf Y\
gifg\cc\[ Yp k_\ iXg`[cp jg`ee`e^ jXe[`e^ [ild Xe[
\a\Zk\[ ]ifd k_\ dXZ_`e\% E<M<I jkXe[ [`i\Zkcp `e
]ifekf]k_\`e]\\[Xi\Xf]k_\jXe[\i#8CN8PJjkXe[
flkf]k_\nXpf]gfk\ek`Xcnfibg`\Z\b`ZbYXZb%
KfjXe[Xnfibg`\Z\#[fk_\j\jk\gj1
(% 8[aljkk_\kXYc\_\`^_kjfk_\jXe[gXg\in`ccfecp
dXb\X_fe`e^gXjjkf^\ki`[f]Xepgfk\ek`Xc_`^_
jgfkj%
)% JkXikk_\[ljkZfcc\Zkfi#kliek_\jXe[\i/.#Xe[
jkXikk_\Zfem\pfi%
FG<I8K@FEJ
*% N_`c\jkXe[`e^Xkk_\j`[\efkXkk_\`e]\\[fi
flk]\\[\e[ ]\\[k_\nfibg`\Z\k_ifl^_k_\jXe[$
\i#Xe[i\ki`\m\`k]ifdk_\fk_\ij`[\%
+% IX`j\k_\kXYc\kfk_\i\hl`i\[jXe[`e^[\gk_Xe[
]\\[k_\nfibg`\Z\k_ifl^_k_\jXe[\i%
,% I\g\XkfeZ\fikn`Z\n`k_flkX[aljk`e^k_\kXYc\
_\`^_k%Kliek_\jkfZb(/'—Y\kn\\egXjj\jkf
\ejli\Xe\m\eZlk%
JXe[`e^K`gj
› I\gcXZ\k_\jXe[gXg\in`k_X_`^_\i^i`kkfXZ_`\m\
X]`e\i]`e`j_%
› IX`j\k_\kXYc\n`k_XdXo`dldf] (Ð+klief]k_\
_Xe[ZiXeblek`ck_\nfibg`\Z\`jk_\[\j`i\[k_`Zb$
e\jj%
›
I\[lZ\je`g\n_\ejXe[`e^dfi\k_Xefe\YfXi[f]
k_\jXd\k_`Zbe\jjYp]\\[`e^k_\d`ekfk_\jXe[\i
n`k_k_\]ifek\e[f]k_\j\Zfe[YfXi[kflZ_`e^k_\
YXZb\e[f]k_\]`ijkYfXi[%
›
=\\[YfXi[j`ekfk_\jXe[\iXk[`]]\i\ekgf`ekjfe
k_\Zfem\pfikfdXo`d`q\jXe[gXg\ic`]\Xe[gi\$
m\ekle\m\eZfem\pfiY\ckn\Xi%
›
;FEFKjXe[YfXi[jc\jjk_Xe/cfe^fic\jjk_Xe
Ð/k_`Zbkfgi\m\ek[XdX^\kfk_\nfibg`\Z\Xe[
k_\[ildjXe[\i%
(
$(-$
8cnXpjn\XijX]\kp^cXjj\jXe[Xi\jg`$
iXkfin_\efg\iXk`e^k_\[ildjXe[\i%
=X`cli\ kf Zfdgcp n`k_ k_`j nXie`e^
dXpi\jlck`ej\i`fljg\ijfeXc`ealip%
N(.+'();ildJXe[\i
›
:Xi\]lccp`ejg\ZkXepcldY\ik_XkpflgcXekfile
k_ifl^_k_\[ildjXe[\i%<XZ_YfXi[dljk_Xm\Xk
c\Xjkfe\]cXkjli]XZ\kfjc`[\Xcfe^k_\Zfem\pfi
kXYc\%KfZi\Xk\X]cXkjli]XZ\#gXjjk_\jkfZbfm\i
Xaf`ek\i]`ijkj\\=`^li\0 %Jfd\[\]\ZkjjlZ_Xj
df[\iXk\kn`jk`e^#cffj\befkjfij\m\i\ZiXZbjdXp
dXb\k_\jkfZblejXe[XYc\n`k_k_\[ildjXe[\i%
›
Fecplj\Zc\XejkfZbj\\=`^li\(' %JZiXg\f]]Xcc
^cl\]ifdaf`e\[YfXi[jY\]fi\jXe[`e^%I\dfm\
Xcc[`ik#eX`cj#jkXgc\j#`dY\[[\[^iXm\c#\kZ%]ifd
XepcldY\ipflgcXefelj`e^%8_`[[\eeX`c`eX
nfibg`\Z\n`cc`ejkXekcpk\Xik_\jXe[gXg\iXe[k_\
_ffbXe[cffg[ildZfm\i%
=`^li\0%:lgg\[YfXi[Zfii\Zk\[%
E\m\ijXe[\e[^iX`e#fik_\jXe[gXg\iZXe^iXYk_\
nff[Xe[ZXlj\Xb`ZbYXZbfijkXcck_\dfkfi%
›
B\\gpflinfibXi\XZc\Xi%8cnXpjdXb\jli\k_Xk
cfe^nfibg`\Z\jXi\jlggfik\[Xe[_Xm\\efl^_
iffdkf\o`kk_\[ildjXe[\i%
›
8mf`[jXe[`e^nff[n`k_dfi\k_Xe)'df`jkli\
Zfek\ek%Nff[k_Xk_XjY\\e\ogfj\[kfiX`efi
jefnn`ccjXe[gfficp#[XdX^\jXe[gXg\i#Xe[
fm\icfX[k_\dfkfi%
›
<ok\e[k_\c`]\f]k_\jXe[gXg\iYpi\^lcXicplj`e^X
GIF$JK@BžjXe[`e^gX[%
›
N_\ejXe[`e^nfibg`\Z\jn`k_`ii\^lcXijli]XZ\j#
jlZ_XjZXY`e\k[ffij#kXb\m\ipc`^_kjXe[`e^gXjj\j
kfgi\m\ek^fl^\j%N_\ek_\[ilddfm\j]ifd
jXe[`e^Xn`[\jli]XZ\kfjXe[`e^XeXiifnjli]XZ\#
k_\cfX[fek_\dfkfin`ccY\i\[lZ\[#Xe[k_\
[ildn`ccjg\\[lg#ZXlj`e^X^fl^\%
›
;FEFK\[^\jXe[YfXi[j%K_`jZXeZXlj\YfXi[jkf
b`ZbYXZb#ZXlj`e^j\i`fljg\ijfeXc`ealip%<[^\jXe[$
`e^YfXi[jXcjfZXeZXlj\[XdX^\kfk_\Zfem\pfi
Y\ckXe[jXe[gXg\i%
›
N_\ejXe[`e^nfibg`\Z\jn`k_XYfnfiZifne#
gcXZ\k_\_`^_gf`eklgkfgi\m\ekk_\nfibg`\Z\
]ifdifZb`e^%
›
=\\[k_\nfibg`\Z\XkXeXe^c\kfdXo`d`q\jkfZb
i\dfmXcXe[jXe[gXg\i\]]\Zk`m\e\jj#Ylk]\\[k_\
nfibg`\Z\jkiX`^_kkfi\[lZ\jXe[gXg\i^i`kjZiXkZ_$
\j]fik_\]`e`j_gXjj\j%
$(.$
=`^li\('%>ff[Xe[gfficldY\i%
FG<I8K@FEJ
›
N(.+'();ildJXe[\i
JXe[gXg\iJ\c\Zk`fe
>i`k
:cXjj
LjX^\
*-
<okiX:fXij\
Ifl^_jXneYfXi[j#
k_`Zbe\jjjXe[`e^#
Xe[^cl\i\dfmXc%
-'
:fXij\
K_`Zbe\jjjXe[`e^Xe[
^cl\i\dfmXc%
/'Æ(''
D\[`ld
I\dfm`e^jXe[\i
dXibjXe[`e`k`Xc]`e$
`j_jXe[`e^%
()'Æ(/'
=`e\
=`e`j_jXe[`e^%
34%0
D\Xjli\[ild
:`iZld]\i\eZ\
kf]`e[c\e^k_f]
jXe[gXg\i_pgfk\elj\%
;iXnk_\
c\e^k_f]k_\
_pgfk\elj\
fek_\jXe[gXg\i
Xe[Zlkfe\\e[
Xkk_\XZ_\`m\[Xe^c\%
34%0
NiXgk_\[ildk`^_kcpn`k_k_\jXe[gXg\i#
Xe[dXb\k_\]`eXcZlkn_\ek_\\e[f]k_\[ild
`ji\XZ_\[%KXg\k_\\e[j`egcXZ\%
=`^li\((%GifZ\[li\]fi]`e[`e^k_\Xe^c\
f]Zlk]fin`[\ifieXiifn\ijXe[gXg\i]fi
Xepj`q\jXe[`e^[ild%
*N`[\o.)Cfe^
?ffbXe[CffgJXe[gXg\i
:lk8e^c\j
JXe[gXg\iI\gcXZ\d\ek
K_\Df[\cN(.+'`j[\j`^e\[]fi*n`[\o.)cfe^
_ffb$Xe[$cffgjXe[gXg\iZlkXkX(,²j\\=`^li\() %
Kflj\fk_\in`[k_jf]jXe[gXg\i#lj\k_\]fidlcX`e
=`^li\((kf]`e[k_\Xe^c\kfZlkk_\jXe[gXg\i%
34%0
.)
(*
(,²
(,²
*
FG<I8K@FEJ
N\i\Zfdd\e[8cld`eldFo`[\]fi^\e\iXcnfibj_fg
\em`ifed\ekj%9\cfn`jXZ_Xikk_Xk^iflgjXYiXj`m\j`ekf
[`]]\i\ekZcXjj\j#Xe[j_fnjn_`Z_^i`kj]Xcc`ekf\XZ_
ZcXjj%K_\^\e\iXcilc\`jkfjXe[Xnfibg`\Z\n`k_gif$
^i\jj`m\cp_`^_\i^i`kjXe[gXg\i#n`k_effe\^i`k`eZi\Xj\
f]dfi\k_Xe,'%8mf`[jb`gg`e^^i`kj2k_\cXi^\ik_\^i`k
`eZi\Xj\#k_\_Xi[\i`kn`ccY\kfi\dfm\k_\jZiXkZ_\j
]ifdk_\gi\m`flj^i`k%Lck`dXk\cp#k_\kpg\f]nff[pfl
lj\Xe[pflijkX^\f]]`e`j_n`cc[\k\id`e\k_\Y\jk^i`k
kpg\jkf`ejkXccfepflijXe[\i%
(*
=`^li\()%*n`[\o.)cfe^_ffb$Xe[$
cffgjXe[gXg\iZlkXkX(,²%
KfZ_Xe^\jXe[gXg\i#[fk_\j\jk\gj1
(% ;@J:FEE<:KJ8E;<I=IFDGFN<IJFLI:<
)% Fg\ek_\kfgZfm\ikf\ogfj\k_\[ild%
*% Len`e[k_\fc[jXe[gXg\iXe[efk`Z\k_\[`i\Zk`fe
k_Xk`knXjniXgg\[Xifle[k_\[ild%
+% Lj\k_\fc[jXe[gXg\iXjXgXkk\iekfZlkflkk_\
e\njXe[gXg\i#filj\k_\k_i\\jk\gj`e=`^li\((#
kfZlkX[`]]\i\ekn`[k_jXe[gXg\i%
,% NiXgk_\jXe[`e^[ildn`k_k_\e\njXe[gXg\i%
DXb\jli\kfniXgk_\jXe[gXg\ik`^_kXe[kipkf
b\\gk_\^XgjkfXd`e`dld%
=`^li\(*%JXe[gXg\i`ejkXcc\[Xe[kXg\[%
-% KXg\Yfk_\e[jn`k_ *Ð+jkiXgg`e^kXg\=`^li\(* #
dXb`e^Xkc\XjkknfZfdgc\k\gXjj\jjfk_Xkk_\
j\Zfe[cXp\i`j[`i\Zkcpfekfgf]k_\]`ijk%
$(/$
N(.+'();ildJXe[\i
D8@EK<E8E:<
>\e\iXc
=X`cli\ kf iflk`e\cp `ejg\Zk pfli [ild jXe[\i ]fi
[XdX^\Xe[n\XiZflc[i\jlck`elejXk`j]XZkfipnfib
i\jlckj# gi\dXkli\ Zfdgfe\ek fi dXZ_`e\ip ]X`c$
li\# fi fg\iXkfi `ealip% N\ i\Zfdd\e[ pfl Zi\Xk\
X Z_\Zbc`jk ]fi iflk`e\ `ejg\Zk`fe Xe[ dX`ek\eXeZ\%
I\d\dY\i kf XcnXpj [`jZfee\Zk k_\ [ild jXe[\i
]ifd `kj gfn\i jfliZ\ Y\]fi\ Xkk\dgk`e^ kf `ejg\Zk#
X[aljk#fii\gX`ik_`jdXZ_`e\
=fifgk`dldg\i]fidXeZ\]ifdpflidXZ_`e\#]fccfnk_`j
dX`ek\eXeZ\jZ_\[lc\Xe[i\]\ikfXepjg\Z`]`Z`ejkilZ$
k`fej^`m\e`ek_`jj\Zk`fe%
D8B< JLI< k_Xk pfli dXZ_`e\ `j
legcl^^\[ [li`e^ Xcc dX`ek\eXeZ\ gif$
Z\[li\j@]k_`jnXie`e^`j`^efi\[#j\i`$
fljg\ijfeXc`ealipdXpfZZli%
;X`cp:_\Zb1
› Cffj\dflek`e^Yfckj%
› Nfiejn`kZ_%
› Nfiefi[XdX^\[Zfi[jfigcl^j%
› ;XdX^\[M$Y\ck%
› 8epfk_\ilejX]\Zfe[`k`fe%
:c\Xe`e^
$(0$
D8@EK<E8E:<
:c\Xe`e^k_\Df[\cN(.+'`ji\cXk`m\cp\Xjp%=ifdk`d\kf
k`d\#mXZlldnff[[ljkf]]f]k_\`ek\ieXcZfdgfe\ekj#
\jg\Z`Xccpk_\dfkfi%
N(.+'();ildJXe[\i
ClYi`ZXk`fe
K_\Z_X`ej_flc[Y\clYi`ZXk\[g\i`f[`ZXccpn`k_Xc`^_k
dXZ_`e\f`c%Lj\fecpclYi`ZXk`feXje\\[\[%KffdlZ_
clYi`ZXekn`ccXkkiXZk[`ikXe[jXn[ljkXe[n`ccZcf^k_\
Z_X`ed\Z_Xe`jd%DfkfiY\Xi`e^je\\[efclYi`ZXk`fe%
>i\Xj\
ClYi`ZXk\`ek_\j\cfZXk`fej1
›
G`ccfn9cfZb9\Xi`e^j1DljkY\clYi`ZXk\[\m\ip)'
_flijf]fg\iXk`fe%Lj\knfgldgjf]X_`^_$hlXc`kp#
c`k_`ld$YXj\[^i\Xj\%8^i\Xj\]`kk`e^=`^li\(+ `j
cfZXk\[fek_\kfgf]\XZ_g`ccfnYcfZbY\Xi`e^%
›
C\X[JZi\nj1C`^_kcpclYi`ZXk\k_\]flic\X[jZi\nj
=`^li\(, feZ\Xdfek_n`k_^\e\iXcgligfj\
^i\Xj\%
›
;i`m\:_X`e1@ejg\ZkXe[clYi`ZXk\k_\[i`m\Z_X`e
n`k_f`c=`^li\(, dfek_cp%:_\Zbk_\jgifZb\kj#
k_\Z_X`e#Xe[k_\dXjk\ic`ebj[li`e^`ejg\Zk`fe%
›
J`[\^\Xi1ClYi`ZXk\k_\nfidXe[g`e`fe^\Xin`k_
^\e\iXcgligfj\^i\Xj\\m\ipj`odfek_j%K_\[ljk
Zfm\in`cce\\[kfY\i\dfm\[]finfidXe[g`e`fe
^\XiclYi`ZXk`fej\\=`^li\(- %
>i\Xj\
=`^li\(+%G`ccfnY\Xi`e^clYi`ZXk`fe%
>i\Xj\
F`c
D8@EK<E8E:<
=`^li\(,%JgifZb\k#c\X[jZi\n#Xe[
Z_X`eclYi`ZXk`fe%
>i\Xj\
>i\Xj\
=`^li\(-%J`[\^\XiclYi`ZXk`fe%
$)'$
N(.+'();ildJXe[\i
J<IM@:<
>\e\iXc
I\^lcXig\i`f[`ZdX`ek\eXeZ\fepfliE:AB8AJžDf[\c
N(.+'n`cc\ejli\`kjfgk`dldg\i]fidXeZ\%DXb\X
_XY`kf]`ejg\Zk`e^pflidXZ_`e\\XZ_k`d\pfllj\`k%
:_\Zb]fik_\]fccfn`e^Zfe[`k`fejXe[i\gX`ifi
i\gcXZ\n_\ee\Z\jjXip1
›
›
›
›
›
Cffj\dflek`e^Yfckj%
Nfiejn`kZ_%
Nfiefi[XdX^\[Zfi[Xe[gcl^j%
;XdX^\[M$Y\ck%
8epfk_\iZfe[`k`fek_XkZflc[_Xdg\ik_\jX]\
fg\iXk`fef]k_`jdXZ_`e\%
D8B< JLI< k_Xk pfli dXZ_`e\ `j
legcl^^\[ [li`e^ Xcc dX`ek\eXeZ\ gif$
Z\[li\j@]k_`jnXie`e^`j`^efi\[#j\i`$
fljg\ijfeXc`ealipdXpfZZli%
M$9\ckJ\im`Z\
8e\nM$Y\ckZXejki\kZ_Xe[cffj\e[li`e^k_\]`ijk(-
_flijf]lj\%:_\ZbXe[i\$k\ej`feY\ck`]`k`jcffj\%
Gifg\ik\ej`fe`j`dgfikXek]fifgk`dldgfn\ikiXej]\i%
?fn\m\i#kffdlZ_k\ej`fedXpZXlj\gi\dXkli\Y\Xi`e^
]X`cli\%
;\]c\Zk`fe(Ð)kf *Ð+
KfZ_\ZbM$Y\ckk\ej`fe#[fk_\j\jk\gj1
(% ;@J:FEE<:KGFN<IKFK?<J8E;<I
)% I\dfm\k_\i`^_k_Xe[c\Xe[j`[\gXe\c%
*% Lj`e^XjkiX`^_k\[^\Xe[ilc\i=`^li\(. #glj_fe
k_\d`[[c\f]k_\M$Y\ck%K_\Zfii\ZkM$Y\ckk\e$
j`fe`jXZ_`\m\[n_\ek_\M$Y\ckZXeY\[\]c\Zk\[
(
Ð)Æ*Ð+n`k_df[\iXk\gi\jjli\%
=`^li\(.%9\ckk\ej`feZ_\Zb%
+% I\`ejkXcck_\j`[\gXe\cXe[_Xe[c\%
KfX[aljk&i\gcXZ\M$Y\ckk\ej`fe#[fk_\j\jk\gj1
DfkfiDflek9fckj
)% Fg\ek_\i\XigXe\c%
*% Cffj\ek_\dfkfidflekYfckjXe[iX`j\ficfn\ik_\
dfkfiYiXZb\k#Xjj_fne`e=`^li\(/kfi\gcXZ\#
Z_\Zb#fiX[aljkk_\Y\ckk\ej`fe%
+% K`^_k\ek_\dfkfidflekYfckj#Xe[i\`ejkXcck_\
gXe\c%
$)($
J<IM@:<
(% ;@J:FEE<:KGFN<IKFK?<J8E;<I
N(.+'();ildJXe[\i
=`^li\(/%9\ckk\ej`feX[aljkd\ek%
Efk\18ccgXe\cji\dfm\[]fiZcXi`kp%
Glcc\p8c`^ed\ek
N_\ei\gcXZ`e^XM$Y\ck#Xc`^eglcc\pj`]i\hl`i\[%
KfZ_\ZbXe[Xc`^ek_\glcc\pj#[fk_\j\jk\gj1
(% ;@J:FEE<:KGFN<IKFK?<J8E;<I
)% I\dfm\k_\j`[\gXe\c#Xe[cffj\ek_\]fliYfckj
k_Xkj\Zli\k_\dfkfikfk_\dfkfidflek`e^gcXk\%
*% Jc`[\k_\dfkfiXje\\[\[kfXc`^ek_\glcc\pjkfk_\
jkiX`^_k\[^\j_fne`e=`^li\(0%
Efk\1PflZXeXcjfcffj\ek_\j\kjZi\njfek_\
dfkfiglcc\pkf]`e\kle\Xepglcc\pX[aljkd\ekj%
+% N_\ek_\glcc\pjXi\Xc`^e\[#k`^_k\ek_\]fli
dfkfidflekYfckj%
J<IM@:<
,% K\ej`fek_\M$Y\ckXe[i\gcXZ\k_\Y\ckZfm\i%
$))$
=`^li\(0%Glcc\pXc`^ed\ek%
Efk\18ccgXe\cji\dfm\[]fiZcXi`kp%
N(.+'();ildJXe[\i
:fem\pfiK\ej`fe`e^
K_\Zfem\pfidXpjc`^_kcpjki\kZ_n`k_Zfek`el\[lj\Xe[
n`cc\m\eklXccpe\\[kfY\i\k\ej`fe\[%@]Xcffj\Zfem\p$
fiY\ck`j`^efi\[#`kn`ccjc`gXe[_\Xklgk_\[i`m\ifcc\i
=`^li\)' [XdX^`e^k_\ifcc\i#Zfem\pfiY\ck#Xe[ZXlj$
`e^XnXj_YfXi[\]]\Zkfek_\nfibg`\Z\jli]XZ\%
N_\epflk\ej`fek_\Zfem\pfi#]fZljfek\ej`fe`e^k_\
X[aljkd\ekYfckj`e\hlXc`eZi\d\ekj%K\ej`fe`e^fe\j`[\
dfi\k_Xek_\fk_\in`ccZXlj\kiXZb`e^gifYc\dj#n_`Z_
n`cci\hl`i\pflkfkXb\X[[`k`feXcjk\gjkf^\kk_\jXe[\i
fg\iXk`e^Zfii\Zkcp%
=`^li\)'%Cffj\Xe[jc`gg`e^Zfem\pfi
Y\ck%
Kfk\ej`fek_\Zfem\pfiY\ck#[fk_\j\jk\gj1
(% Lj\XdX^`ZdXib\i#Zfii\Zk`fe]cl`[#fi]`e^\ieX`c
gfc`j_kfdXibk_\]ifekf]k_\Zfem\pfik\ej`fe$
`e^YfckfeYfk_j`[\j=`^li\)( %K_`jjk\gn`ccX`[
pfl`eb\\g`e^kiXZbf]k_\ifkXk`fejXjpflkliek_\
Yfckj#jfk_\pi\dX`eXj\hlXcXjgfjj`Yc\%
K\ej`fe`e^9fck
Efk\1I\dfm`e^k_\]ifeki`^_kXe[c\]kifcc\i^lXi[
Zfm\ijdXb\j`k\Xj`\ikfXZZ\jjk_\X[aljkd\ek
Yfckj%9\jli\kfi\`ejkXcck_\^lXi[jn_\eX[aljk$
d\ekjXi\Zfdgc\k\%
)% KlieYfk_f]k_\Zfem\pfiX[aljkd\ekYfckjZflek\i$
ZcfZbn`j\fe\]lccklieXkXk`d\lek`ck_\Zfem\pfi
Y\ckefcfe^\ijc`gj[li`e^fg\iXk`fe%
Ç@]k_\Zfem\pfijkXikjkiXZb`e^kffe\j`[\#`dd\$
[`Xk\cpkliek_\[ildjXe[\i/&&Xe[g\i]fidk_\
kiXZb`e^`ejkilZk`fej%
=`^li\)(%:fem\pfiY\ckk\ej`fe
X[aljkd\ek%
J<IM@:<
$)*$
N(.+'();ildJXe[\i
:fem\pfiKiXZb`e^
@]k_\Zfem\pfikiXZbjkf\`k_\ij`[\Xe[`j`^efi\[#k_\
\[^\f]k_\Zfem\pfiY\ckn`ccn\XiXe[Yi\XbXgXik
=`^li\)) %K_\ek_\Zfem\pfiY\ckdljkY\i\gcXZ\[
Xe[k_\kiXZb`e^Zfii\Zk\[%
I\gcXZ`e^X[XdX^\[Zfem\pfi`jXY`^afY%8cnXpjY\
ZXi\]lckfdXb\jli\k_Xkk_\Y\ck[f\jefkkiXm\ckff]Xi
kffe\j`[\fik_\fk_\i%
KiXZb`e^k_\Zfem\pfi`jXYXcXeZ`e^gifZ\jjk_XkkXb\j
gXk`\eZ\Xe[XjdXcc[\^i\\f]ki`Xc$Xe[$\iifi%LjlXccp
pfldljkfm\i$k`^_k\ek_\cffj\j`[\k_\j`[\k_\Y\ck`j
kiXZb`e^kfnXi[j kfdXb\k_\Zfem\pfidfm\kfk_\d`[$
[c\f]k_\ifcc\ij#k_\ecffj\ek_XkjXd\j`[\kfdXb\k_\
Zfem\pfijkXp`egfj`k`fe%@]pflX[aljkk_\YfckkffdlZ_
\`k_\inXp#k_\epfl_Xm\kfi\g\Xkk_\gifZ\jjlek`ck_\
Zfem\pfii`[\j`ek_\d`[[c\Xe[jkXpjk_\i\[li`e^Zfe$
k`elfljfg\iXk`fe%
=`^li\))%9X[Zfem\pfiY\ckkiXZb`e^%
Kfj\kk_\Zfem\pfikiXZb`e^#[fk_\j\jk\gj1
(% Kliek_\Zfem\pfi/.#j\kZfem\pfijg\\[kf_`^_#
Xe[nXkZ_k_\Y\ckkiXZb%
K\ej`fe`e^9fck
)% ;\k\id`e\n_`Z_j`[\k_\Zfem\pfi`jkiXZb`e^
kfnXi[jk_\cffj\j`[\ Xe[k\ej`fek_\X[aljkd\ek
Yfck=`^li\)* fek_Xkj`[\lek`ck_\Zfem\pfi
kiXZbj`ek_\fggfj`k\[`i\Zk`fe%
Efk\1KiXZb`e^Z_Xe^\jdXpkXb\lgkfk_i\\d`e$
lk\jY\]fi\k_\pXi\efk`Z\XYc\%
*% N_\ek_\Zfem\pfi`je\Xik_\d`[[c\f]k_\ifcc\ij
fikXYc\#cffj\ek_\X[aljkd\ekYfcklek`ck_\Zfe$
m\pfijkfgjdfm`e^Xe[kiXZbjjkiX`^_k%
=`^li\)*%:fem\pfiY\ckkiXZb`e^
X[aljkd\ek%
J<IM@:<
Ç@]k_\Zfem\pfikiXZbjkff]Xikfk_\fk_\ij`[\#
k_\eX[aljkk_\YfckXje\Z\jjXipkfYi`e^`kYXZb
Xe[i\g\XkJk\gj)*lek`ck_\kiXZb`e^`jZfi$
i\Zk%
>Xl^\9fXi[j
=fik_\X[aljkd\ekj`ek_`jj\Zk`fe#pfln`cce\\[
kfdXb\knf)+^Xl^\YfXi[jk_XkXi\`[\ek`ZXc`e
k_`Zbe\jj=`^li\)+ %K_\hlXc`kpf]pfli^Xl^\
YfXi[jn`cc_Xm\[`i\ZkY\Xi`e^fek_\hlXc`kpf]pfli
X[aljkd\ekjfepfli[ildjXe[\i%
=`^li\)+%>Xl^\YfXi[j%
$)+$
N(.+'();ildJXe[\i
;ild$kf$KXYc\JhlXi`e^
K_\[ildjZXeY\X[aljk\[`e]`e\`eZi\d\ekjXkk_\g`c$
cfnYcfZbY\Xi`e^jXe[`ecXi^\i`eZi\d\ekjYplj`e^k_\
kXYc\c`]kjZi\nj%
N_`c\X[aljk`e^k_\[ild#b\\g`ed`e[k_Xk_Xm`e^k_\
[ildjhlXi\n`k_k_\Zfem\pfikXYc\=`^li\), `jZi`k`$
ZXckfk_\jXe[`e^fg\iXk`fe%:Xi\j_flc[Y\kXb\ekf
dXb\k_\kfc\iXeZ\jXjZcfj\Xjgfjj`Yc\n`k_`e'%'')
]ifdfe\j`[\kfk_\fk_\i n_\eX[aljk`e^k_\[ild
_\`^_k%
KfjhlXi\k_\jXe[`e^[ildn`k_k_\kXYc\jli]XZ\#[f
k_\j\jk\gj1
(% ;@J:FEE<:KGFN<IKFK?<J8E;<I
=`^li\),%;ildflkf]jhlXi\n`k_kXYc\%
)% Fg\ek_\kfgZfm\i%
*% Cffj\ek_\cfZbelkjj\\=`^li\)- fek_\[ild
g`ccfnYcfZbY\Xi`e^_flj`e^%
+% GcXZ\k_\^Xl^\YfXi[jfek_\Zfem\pfikXYc\Xe[
gfj`k`fek_\dle[\ik_\gi\jjli\ifcc\ij=`^li\
). %
CfZbelk
J\kjZi\n
,% IX`j\k_\kXYc\lek`ck_\^Xl^\YfXi[jaljkkflZ_k_\
Yfkkfdf]k_\jXe[`e^[ild%
Efk\18^ff[nXpkfbefnn_\ek_\pXi\kflZ_`e^
`jkfifZbk_\jXe[`e^[ildYXZbXe[]fik_n_`c\
iX`j`e^k_\kXYc\lek`cpfl_\Xifi]\\cZfekXZkn`k_
k_\^Xl^\YfXi[j%
=`^li\)-%G`ccfnY\Xi`e^_flj`e^%
-% Cfn\ik_\kXYc\fe\]lccklief]k_\_Xe[ZiXeb_Xe$
[c\%NX`klek`ck_\Z_X`ejkXikjdfm`e^Y\]fi\jkXik$
`e^kfZflekk_\_Xe[ZiXeb_Xe[c\ifkXk`fe%
.% JkXik`e^Xkfe\\e[#gcXZ\X'%'')]\\c\i^Xl^\
Y\kn\\ek_\jXe[`e^[ildXe[k_\^Xl^\YfXi[%
K_\]\\c\i^Xl^\j_flc[jc`[\n`k_df[\iXk\i\j`j$
kXeZ\#n`k_flk]fiZ`e^k_\[ildkfifcc%
J<IM@:<
/% I\g\XkJk\g.Xkk_\fk_\i\e[f]k_\[ild%
Ç@]k_\[`]]\i\eZ\Y\kn\\ek_\knfj`[\j`j'%'')
fic\jjX[aljkk_\[ild$kf$kXYc\jhlXi\e\jj%
Ç@]k_\[`]]\i\eZ\Y\kn\\ek_\knfj`[\j`jdfi\
k_Xe'%'')#k_\efe\j`[\dljkY\X[aljk\[kf
n`k_`e'%'')f]k_\fk_\in`k_k_\lck`dXk\^fXc
f]dXb`e^k_\d[\X[\m\e %>fkfJk\g0%
$),$
=`^li\).%>Xl^\YfXi[j`egfj`k`fe%
N(.+'();ildJXe[\i
0% Cffj\ek_\cfZbelkjj\\=`^li\)/ fek_\g`ccfn
YcfZbY\Xi`e^k_Xki\hl`i\jX[aljkd\ek%
('% IfkXk\k_\]flij\kjZi\nj(Ð/f]XklieZcfZbn`j\kf
iX`j\k_\g`ccfnYcfZbY\Xi`e^j\\=`^li\)/ %
Efk\1KlieXccj\kjZi\nj\kjXe\hlXcXdflek%
J<IM@:<
((% K`^_k\ek_\cfZbelkjXe[i\Z_\Zbk_\Xc`^ed\ek#
lj`e^k_\^Xl^\YfXi[jXe[i\g\Xk`e^Jk\gj(Æ/]ifd
k_\gi\m`fljjlYj\Zk`fe%K`^_k\e`e^k_\cfZbelkjn`cc
glcck_\[ild[fnenXi[jc`^_kcp%9\jli\kfX[aljk
kfZfdg\ejXk\]fik_`jdfm\d\ek%;fefkfm\i
k`^_k\ek_\cfZbelkj%K_\g`ccfnYcfZbY\Xi`e^j
ZXeYi\Xb`]fm\ik`^_k\e\[%
$)-$
CfZbelk
J\kjZi\n
=`^li\)/%G`ccfnY\Xi`e^_flj`e^%
N(.+'();ildJXe[\i
;ljkJZffg>Xg
=fik_`jX[aljkd\ek#pfln`ccX[aljkk_\[ljkjZffglg
fi[fnekf]fZlj[ljkZfcc\Zk`fejlZk`fen_\i\k_\dfjk
[ljk`jZi\Xk\[j\\=`^li\)0 %
$UST3COOP
KfX[aljkk_\[ljkjZffg^Xg#[fk_\j\jk\gj1
(
(% ;@J:FEE<:KGFN<IKFK?<J8E;<I
)% Fg\ek_\kfgZfm\i%
*)
'AUGE"OARD
*% @ej\ikknf^Xl^\YfXi[jle[\ik_\jXe[`e^[ildXe[
[ljkjZffgj\\=`^li\*' %
+% IX`j\k_\kXYc\lek`ck_\[ildaljkkflZ_\jk_\
^Xl^\YcfZbj%
#ONVEYOR4ABLE
=`^li\)0%;ljkjZffg^Xg%
,% Cffj\ek_\[ljkjZffgdflek`e^Yfckjj\\=`^li\
*( Xe[jc`[\k_\jZffglgfi[fnelek`c`k`j (Ð*)
XYfm\k_\^Xl^\YcfZbjj\\=`^li\)0 %PfldXp
_Xm\kfY\e[k_\c`gf]k_\[ljkjZffgkf^\kk_\
Xggifgi`Xk\^Xg%
-% K`^_k\ek_\[ljkjZffgdflek`e^Yfckj%
.% :cfj\k_\kfgZfm\iXe[j\Zli\`kj_lk%
=`^li\*'%>Xl^\YfXi[j`egfj`k`fe%
;ljkJZffg
?\o9fckj
J<IM@:<
=`^li\*(%;ljkjZffg%
$).$
N(.+'();ildJXe[\i
;ild$kf$:fem\pfi
KiXZb`e^
@]k_\[ild$kf$Zfem\pfikiXZb`e^=`^li\*) `jf]]kiXZb
Ypdfi\k_Xe (Ð/#pfln`cc_Xm\kfX[aljkk_\kiXZb`e^%
:\ek\i$KiXZb`e^:fem\pfi
KfZ_\ZbXe[X[aljkk_\[ild$kf$Zfem\pfikiXZb`e^#[f
k_\j\jk\gj1
(% ;@J:FEE<:KGFN<IKFK?<J8E;<I
EfeKiXZb`e^;ild
)% =`ijkd\Xjli\k_\[`jkXeZ\Y\kn\\ek_\flkj`[\f]
k_\[ildXe[k_\`ej`[\f]k_\[ljkjZffg=`^li\
** %K_\[`jkXeZ\jj_flc[Y\n`k_`e (Ð/f]\XZ_
fk_\iXk\XZ_\e[f]k_\[ild%
*% @]k_\d\Xjli\d\ekjXi\efkn`k_`e (Ð/#k_\[ild
ZXeY\dfm\[Ypcffj\e`e^k_\cfZbelkjfek_\g`c$
cfnYcfZbY\Xi`e^j=`^li\*+ Xe[dfm`e^fe\\e[
f]k_\[ild]finXi[fiYXZbnXi[Xje\Z\jjXip`e
k_\jcfkk\[_fc\j%
=`^li\*)%8efe$kiXZb`e^[ild%
Efk\18]k\ipfl_Xm\X[aljk\[k_\[ild#[fefk
]fi^\kkfk`^_k\ek_\cfZbelkjXe[i\Z_\Zbk_\
Xc`^ed\ekYpi\g\Xk`e^Jk\gj(Æ*%
=`^li\**%D\Xjli`e^[ildXc`^ed\ek%
J\kjZi\n
J<IM@:<
CfZbelk
=`^li\*+%G`ccfnY\Xi`e^_flj`e^%
$)/$
N(.+'();ildJXe[\i
Gi\jjli\Ifcc\i?\`^_k
Xe[K\ej`fe
K_\gi\jjli\ifcc\ijXi\]XZkfipj\kXk'%'/')dd Y\cfnk_\Yfkkfdf]k_\jXe[`e^[ildXe[Xi\]lccp
X[aljkXYc\\`k_\ilg&[fnen`k_k_\cfn\iX[aljkd\ek
Yfckj=`^li\j*,Xe[*- %8]k\ik_\X[aljkd\ek_XjY\\e
dX[\#XcnXpjcfZbk_\aXdelkjX^X`ejkk_\Yfkkfdkf
gi\m\ekk_\d]ifddfm`e^%
Gi\jjli\
Ifcc\i
Jgi`e^K\ej`fe
8[aljkd\ek
Gifg\igi\jjli\fek_\nfibg`\Z\_\cgjXmf`[b`ZbYXZb
Xe[b\\gjk_\nfibg`\Z\]ifdjc`gg`e^%?fn\m\i#Xjgi\j$
jli\`eZi\Xj\jfek_\nfibg`\Z\#je`g\Xcjf`eZi\Xj\j
jfd\[\^i\\f]je`g\`jefidXcn`k_Xcc[ildjXe[\ij %
@]je`g\Y\Zfd\jXgifYc\d#pflZXed`e`d`q\`kYp
i\[lZ`e^gi\jjli\%Kfcfn\igi\jjli\#kliek_\cfn\i
X[aljkd\ekYfckjZflek\iZcfZbn`j\kfiX`j\k_\gi\jjli\
ifcc\i_\`^_k%Kf`eZi\Xj\gi\jjli\#kliek_\cfn\iX[aljk$
d\ekYfckjZcfZbn`j\cfn\i`e^gi\jjli\ifcc\ij %
Gi\jjli\
Ifcc\i
?\`^_k
8[aljkd\ek
>Xl^\9fXi[
:fem\pfiKXYc\
=`^li\*,%Gi\jjli\ifcc\iX[aljkd\ekj%
?fn\m\i#pflZXefecpd`e`d`q\je`g\jfdlZ_Y\]fi\
k_\nfibg`\Z\n`ccjc`gfib`Zbflk#ZXlj`e^X_XqXi[kf
k_\fg\iXkfi%@]k_`j_Xgg\ej#pfl_Xm\iX`j\[k_\gi\j$
jli\ifcc\ijkff_`^_]fik_\dkf]leZk`feXj`ek\e[\[Ç
k_\gi\jjli\ifcc\ijDLJKY\cfn\i\[kfgi\m\ek`ealip%
K_\j\`ejkilZk`fejn`cci\jkfi\k_\gi\jjli\ifcc\ijkfk_\
]XZkfipj\kk`e^%
IX`j`e^ k_\ gi\jjli\ ifcc\ij kff _`^_ kf d`e`d`q\
je`g\ n`cc ZXlj\ k_\ nfibg`\Z\ kf jc`g fi b`Zb flk#
ZXlj`e^X_XqXi[kfk_\fg\iXkfi%PflDLJKcfn\ik_\
gi\jjli\ifcc\ijkfgi\m\ek`ealip
=`^li\*-%Gi\jjli\ifcc\iX[aljkd\ek
cfZXk`fe%
KfX[aljkk_\gi\jjli\ifcc\ijkfk_\]XZkfipj\kk`e^#
[fk_\j\jk\gj1
(% ;@J:FEE<:KGFN<IKFK?<J8E;<I
J<IM@:<
)% Fg\ek_\kfgZfm\i%
*% GcXZ\k_\^Xl^\YfXi[jfek_\Zfem\pfikXYc\Xe[
gfj`k`fek_\dle[\iXcck_\gi\jjli\ifcc\ij=`^li\
). %
+% IX`j\k_\kXYc\jfk_\^Xl^\YfXi[jkflZ_k_\Yfk$
kfdf]k_\jXe[`e^[ild#Xjj_fne`e=`^li\).%
=`^li\).%>Xl^\YfXi[j`egfj`k`fe%
$)0$
N(.+'();ildJXe[\i
,% Cfn\ik_\kXYc\k_i\\]lcckliejf]k_\_Xe[ZiXeb%
-% Kliek_\X[aljkd\ekYfck=`^li\*. Xji\hl`i\[jf
k_\ifcc\ialjkkflZ_\jk_\^Xl^\YfXi[=`^li\*/ %
Efk\1Kf^X`eY\kk\iXZZ\jj]fik_\]fccfn`e^X[aljk$
d\ekj#pflZXefg\ek_\j`[\Zfm\ij%
.% I\g\XkJk\g-]fik_\fggfj`k\j`[\f]k_\jXd\
gi\jjli\ifcc\i%
/% I\g\XkJk\gj-Æ.n`k_k_\j\Zfe[gi\jjli\ifcc\i%
<XZ_gi\jjli\ifcc\ij_flc[cffbc`b\=`^li\*/n_\e
gifg\icpX[aljk\[%
0% K`^_k\ek_\aXdelkjfek_\X[aljkd\ekYfckj
=`^li\*. kfcfZbk_\X[aljkd\ek%
>Xg
8[aljkd\ek
9fck
=`^li\*.%>Xl^\YfXi[jY\cfnifcc\ij%
JZXc\Gf`ek\i:Xc`YiXk`fe
@e fi[\i ]fi k_\ jZXc\ gf`ek\i kf Y\ XZZliXk\# `k dljk Y\
ZXc`YiXk\[%
N\i\Zfdd\e[ZXc`YiXk`e^pflijZXc\gf`ek\iXepk`d\pfl
X[aljkk_\[ild_\`^_kfikXYc\c`]kjZi\nj%
AljkKflZ_`e^
KfZXc`YiXk\k_\jZXc\gf`ek\i#[fk_\j\jk\gj1
(% JXe[ X nfibg`\Z\ =`^li\ *0 n`k_ k_\ [ild jXe[\i
Xe[d\Xjli\k_\k_`Zbe\jjf]k_\jXe[\[nfibg`\Z\%
)% Cffj\e k_\ jZi\n k_Xk j\Zli\j k_\ jZXc\ gf`ek\i Xe[
X[aljk`kkfk_\k_`Zbe\jjf]k_\nfibg`\Z\%
=`^li\*/%>Xl^\YfXi[jkflZ_`e^ifcc\ij%
J<IM@:<
Gf`ek\i
JZi\n
=`^li\*0%Gf`ek\iZXc`YiXk`fe%
$*'$
N(.+'();ildJXe[\i
KXYc\8[aljkd\ek
K_\kXYc\c`]kjZi\njXi\Zfee\Zk\[YpXZ_X`eXe[[i`m\e
Ypk_\_Xe[ZiXeb_Xe[c\%N_\ek_\Z_X`e`ji\dfm\[
]ifdXjgifZb\kfefe\f]k_\c`]kjZi\nj#k_Xkc\X[jZi\n
ZXeX[aljkk_Xkgfik`fef]k_\kXYc\lg&[fne`e[\g\e$
[\ekcpkfXjj`jk`ej\kk`e^k_\kXYc\gXiXcc\ckfk_\[ild %
<XZ_Zfdgc\k\kffk_ifkXk`fefeXjgifZb\kdfm\jk_Xk
Zfie\if]k_\kXYc\'%''.fi'%(/dd%
8[aljk`e^k_\kXYc\c`]kjZi\njn`ccfecpY\e\Z\jjXip`]
pfle\\[kfX[aljkk_\[ild_\`^_kdfi\k_XeXccfn\[Xk
k_\g`ccfnYcfZbY\Xi`e^%@]pfl_Xm\i\dfm\[k_\kXYc\fi
Z_X`ej\\GX^\*. [li`e^Xj\im`Z\gifZ\[li\#pfldljk
i\j\kk_\[ildgXiXcc\ckfk_\kXYc\%
./4)#%
DXib`e^ k_\ Z_X`e Xe[ jgifZb\k cfZX$
k`fejn`ccjXm\pflXjlYjkXek`XcXdflek
f] k`d\ n_\e pfl i\`ejkXcc k_\ Z_X`e%
DXb\ jli\ pfl _Xm\ [fe\ k_`j Y\]fi\
i\dfm`e^k_\Z_X`e%
KfX[aljkk_\kXYc\c`]kjZi\nj#[fk_\jjk\gj1
(% ;@J:FEE<:KGFN<IKFK?<J8E;<I
)% Fg\ek_\i`^_kj`[\Xe[]ifekgXe\cj%
*% IX`j\k_\kXYc\lgkfXkc\Xjkk_\(dXibfek_\
_\`^_kjZXc\%
+% 8kk_\c\X[jZi\nk_Xke\\[jkfY\X[aljk\[#dXib
k_\\e[f]XjgifZb\kkffk_Xe[k_\Z_X`e_fc\
n_\i\k_Xkkffk_`jd\j_\[#Xjj_fne`e=`^li\+'%
=`^li\+'%DXib`e^jgifZb\kXe[c\X[
jZi\nk`d`e^%
,% Cffj\ek_\Z_X`eYpcffj\e`e^k_\_\oelkfek_\
Yfkkfdf]k_\`[c\iifcc\ijgifZb\kj_fne`e=`^li\
+(%
-% :Xi\]lccpdfm\k_\Z_X`ef]]fecpk_\dXib\[
jgifZb\k%
.% B\\gkiXZbf]k_\dXib\[Z_X`e_fc\Xe[ifkXk\k_\
jgifZb\kk_\e\Z\jjXipeldY\if]k\\k_XnXp]ifd
k_\dXib\[fe\kfd\\kk_\[`]]\i\eZ\`e_\`^_k
e\\[\[%
/% =`kk_\Z_X`eYXZbfm\ik_\jgifZb\k#dXb`e^jli\
k_\e\njgifZb\kkffk_`j`ej\ik\[`ekfk_\dXib\[
Z_X`e_fc\%
('% I\g\XkJk\gj,Æ0Xje\\[\[lek`ck_\kXYc\_\`^_k`j
gXiXcc\ckfk_\[ildj`eXcc]fliZfie\ij#k_\ek`^_k$
\ek_\`[c\ijgifZb\kXe[ZXc`YiXk\k_\jZXc\gf`ek\i%
$*($
J<IM@:<
=`^li\+(%:_X`ek\ej`fe\ijgifZb\k%
0% I\$k\ej`fek_\Z_X`eXe[Z_\Zbk_\e\n_\`^_kj\k$
k`e^%
N(.+'();ildJXe[\i
:fem\pfiI\gcXZ\d\ek
I\gcXZ`e^k_\Zfem\pfiY\ck`jXY`^afYXe[i\hl`i\j
df[\iXk\d\Z_Xe`ZXcjb`ccXe[X]X`iXdflekf]gXk`\eZ\%
=figcXee`e^gligfj\j#\og\Zkkf_Xm\pflidXZ_`e\flk
f]fg\iXk`fe]fiXkc\XjkX]\n_flij%
KfgZfm\i
;ljkJZffg
8jpfli\dfm\_Xi[nXi\kfZfdgc\k\k_\j\`ejkilZk`fej#
n\i\Zfdd\e[glkk`e^Xcck_\Yfckj#jZi\nj#nXj_\ij#
\kZ%YXZb`ekfk_\_fc\j]ifdn_`Z_k_\pZXd\%K_`j
j`dgc\_XY`kn`cckXb\jc`^_kcpcfe^\in_\e[`jXjj\dYc`e^
k_\dXZ_`e\#Ylk`kn`ccjXm\pflXcfkf]k`d\Xe[i\[lZ\
]iljkiXk`fe[li`e^i\Xjj\dYcp%
Kfi\gcXZ\k_\Zfem\pfiY\ck#[fk_\j\jk\gj1
(% ;@J:FEE<:KGFN<IKFK?<J8E;<I
=`^li\+)%KfgZfm\idflek`e^_Xi[nXi\%
)% I\dfm\k_\kfgZfm\iYpcffj\e`e^k_\_\oYfckjXe[
i\dfm`e^k_\G_`cc`gj_\X[jZi\nj=`^li\+) j\Zli$
`e^k_\kfgZfm\ijlggfik%
Jgi`e^
GcXk\
*% I\dfm\k_\i`^_k_Xe[c\Xe[j`[\gXe\cknfZXg
jZi\njXe[j`okXgjZi\nj %
+% I\dfm\k_\^\XiZfm\iknfG_`cc`gj_\X[jZi\nj Xe[cffj\ek_\knf_\oelkjj\Zli`e^k_\YiXZ\Xe[
i\dfm\`k%
:fdgi\jj`fe
Jgi`e^
9iXZ\?\oElk
,% I\dfm\k_\[ljkjZffg]fli_\oYfckjXe[]fli]cXk
nXj_\ij #Zfdgi\jj`fejgi`e^jXe[jgi`e^gcXk\j
=`^li\+* ]ifdk_\]ifekgi\jjli\ifcc\iXe[j\k
k_\ifcc\iXj`[\%
-% I\dfm\k_\i\Xigi\jjli\ifcc\i]fli_\oYfckjXe[
]fli]cXknXj_\ij Xcfe^n`k_k_\YiXZb\kj#Zfdgi\j$
j`fejgi`e^j#Xe[jgi`e^gcXk\jj_fne`e=`^li\++%
=`^li\+*%=ifekgi\jjli\ifcc\i
Zfdgfe\ekj%
Jgi`e^
GcXk\
J<IM@:<
:fdgi\jj`fe
Jgi`e^
9iXZb\k
=`^li\++%I\Xigi\jjli\ifcc\i
Zfdgfe\ekj%
$*)$
N(.+'();ildJXe[\i
.% I\dfm\k_\i\XigXe\cj`okXgjZi\nj %
/% Cffj\ek_\_\oYfckjj\Zli`e^k_\dfkfiYiXZb\kkf
k_\]iXd\#iX`j\k_\dfkfiXe[i\dfm\k_\M$Y\ck
]ifdk_\dfkfiglcc\p%K_\[ildjXe[\ij_flc[efn
cffbj`d`cXikf=`^li\+,%
0% I\dfm\k_\jXe[`e^[ild]flicfZbelkjXe[]fli
]cXknXj_\ij Xe[M$Y\ck=`^li\+- %
('% I\dfm\k_\^lXi[Zfm\ij]fik_\Zfem\pfi]ifekXe[
i\Xiifcc\ij\`^_kG_`cc`g_\X[jZi\nj %K_\[ild
jXe[\ij_flc[efncffbj`d`cXikf=`^li\+.%
>lXi[
:fm\i
=`^li\+,%;ildjXe[\i[`jXjj\dYc\[
kfJk\g/%
=`^li\+-%CfZXk`fejkfi\dfm\jXe[`e^
[ildi\kX`e`e^elkj%
J<IM@:<
=`^li\+.%;ildjXe[\i[`jXjj\dYc\[
kfJk\g('%
$**$
N(.+'();ildJXe[\i
((% DXibk_\kfgf]k_\kXYc\c`]kjZi\njn`k_XiifnjXcc
gf`ek`e^`ejXd\[`i\Zk`fe Xe[dXibk_\jZi\njn`k_
c`hl`[Zfii\Zk`fe]cl`[XYfm\k_\dflek`e^YiXZb\k
=`^li\+/ %CXk\i#n_\epfli\Xjj\dYc\k_\Zfem\p$
fikXYc\#pflZXelj\k_\j\dXibjkfi\j\kk_\kXYc\
_\`^_kZcfj\kfk_\Zlii\ekgfj`k`fe%
()% DXibk_\Z_X`eXe[jgifZb\kjn`k_Zfii\Zk`fe]cl`[%
(*% Cffj\ek_\Z_X`ek\ej`fejgifZb\k#ZXi\]lccpglcck_\
Z_X`ef]]f]Xcck_\jgifZb\kj#Xe[i\dfm\`k]ifd
k_\ZXY`e\k%
(+% B\\g`e^kiXZbf]k_\eldY\if]kliej]ficXk\ii\Xj$
j\dYcp#cffj\ek_\Zfem\pfiY\ckXkk_\]ifekX[aljk$
d\ekYfckj#Xjj_fne`e=`^li\+0%
=`^li\+/%CfZXk`fejkfdXibc\X[jZi\nj%
(,% ;`jZfee\Zkk_\Zfem\pfi]\\[dfkfin`i\j]ifdk_\
Z`iZl`kYfXi[%
(-% I\dfm\k_\jZXc\gf`ek\i%
9\]fi\i\dfm`e^k_\kXYc\#efk\k_\eldY\iXe[cfZXk`fe
f]YiXjjj_`dj=`^li\,' le[\ik_\kXYc\c`]kjZi\nj%
Befn`e^k_\`iZfii\Zkgfj`k`fen`cc_\cgpflXc`^ek_\Zfe$
m\pfikXYc\[li`e^i\Xjj\dYcp%
=`^li\+0%:fem\pfiY\ckcffj\e\[Xkk_\
]ifekX[aljkd\ekYfckj%
J<IM@:<
9iXjj
J_`dj
=`^li\,'%9iXjjj_`dcfZXk`fej%
$*+$
N(.+'();ildJXe[\i
(.% N`k_k_\_\cgf]XeXjj`jkXek#ZXi\]lccpc`]kk_\kXYc\
f]]k_\[ildjXe[\iZXY`e\k#Xjj_fne`e=`^li\,(%
(/%CXpk_\Zfem\pfikXYc\feX]cXkjli]XZ\%
(0% Cffj\ek_\i\Xic\]k=`^li\,) ifcc\iYiXZb\kknf
ZXgjZi\nj \efl^_jfk_\Zfem\pfidfkfiZ_X`e_Xj
jcXZb%
)'% I\dfm\k_\Zfem\pfidfkfiZ_X`e%
)(% I\dfm\k_\Zfem\pfidfkfiknfZXgjZi\nj Xe[
k_\i\Xiifcc\iYiXZb\kknfZXgjZi\nj j_fne`e
=`^li\,)%
))% I\dfm\k_\i\Xiifcc\i%
=`^li\,(%C`]k`e^k_\kXYc\f]]jX]\cp%
)*% I\dfm\k_\]ifekc\]kifcc\iYiXZb\kknfZXg
jZi\nj Xe[k_\]ifekifcc\i%
I\XiC\]kIfcc\i9iXZb\k
)+% I\dfm\k_\]ifeki`^_kXe[i\Xiifcc\iYiXZb\kj]fli
ZXgjZi\nj %
),% GcXZ\k_\i`^_kj`[\f]k_\Zfem\pfifeX]cXkjli$
]XZ\#k_\elek_i\X[Xe[i\dfm\k_\]ifekXe[i\Xi
kXYc\c`]kjZi\nj%
)-% I\dfm\k_\Y\ckkf\ogfj\k_\kXYc\Xjj_fne`e
=`^li\,*%
:fem\pfiDfkfi:_X`e
).% D\Xjli\k_\[`jkXeZ\Y\kn\\ek_\]ifeki`^_kkXYc\
c\X[jZi\njgifZb\kXe[k_\dflek`e^YiXZb\k%@]
e\Z\jjXip#ifkXk\k_\i\Xij_X]kjfk_\jgifZb\k$
YiXZb\k[`jkXeZ\`jk_\jXd\Xjk_\]ifeki`^_kkXYc\
c\X[jZi\n%
:fem\pfi
Dfkfi
=`^li\,)%I\Xic\]kifcc\iYiXZb\k
cffj\e\[%
)/% @ejkXcck_\e\nZfem\pfiY\ck%
)0% I\`ejkXcck_\]ifekc\]kXe[i\Xic\]kkXYc\c`]kjZi\nj
kfdXkZ_k_\]ifeki`^_kc\X[jZi\n_\`^_k%
Dflek`e^
9iXZb\k
*'% I\Xjj\dYc\k_\[ildjXe[\iYpi\m\ij`e^k_\[`jXj$
j\dYcpjk\gj%
*)% 8]k\ipfl_Xm\i\`ejkXcc\[k_\Zfem\pfikXYc\#dXb\
jli\k_\]flicfn\igi\jjli\ifcc\iX[aljkd\ekYfckj
Xi\k_i\X[\[k_\jXd\[`jkXeZ\`ekfk_\ifcc\i
dflekYiXZb\kj=`^li\,* %
**% 8]k\ii\`ejkXcc`e^k_\kfgZfm\iXe[YiXZ\#k`^_k\e
k_\dflek`e^Yfckj%
$*,$
I\Xi
C\X[JZi\n
J<IM@:<
*(% 8]k\ii\Xjj\dYcp#X[aljkk_\[ildjXe[gi\jjli\
ifcc\ijkfk_\`igifg\ij\kk`e^jXjflkc`e\[`ek_`j
dXelXc%
=ifekI`^_kJgifZb\k
=`^li\,*%:fem\pfiY\cki\dfm\[]ifd
kXYc\%
N(.+'();ildJXe[\i
*+% 9\]fi\i\`ejkXcc`e^k_\g`e`feXe[j`[\^\Xi[ljk
Zfm\i#kipiX`j`e^Xe[cfn\i`e^k_\Zfem\pfikXYc\
n`k_k_\_Xe[ZiXeb_Xe[c\%@]k_\j`[\^\XiXe[g`e$
`fek\\k_j\\=`^li\,+ Xi\efkd\j_\[#k_\_Xe[$
ZiXeb_Xe[c\n`ccefkiX`j\k_\kXYc\%
G`e`fe
>\Xi
@]k_`j_Xgg\ej#cffj\ek_\_Xe[ZiXeb_Xe[c\dflek$
`e^Yfckj#Xe[dfm\k_\j`[\^\XiXifle[lek`ck_\
k\\k_d\j_n`k_k_\g`e`fe#k_\ej\Zli\k_\_Xe[$
ZiXeb_Xe[c\%
*,% I\`ejkXccXe[j\Zli\k_\YiXZ\%
J`[\
>\Xi
*-% Kipdfm`e^k_\Zfem\pfikXYc\lgXe[[fne%
J<IM@:<
*.% :fek`el\X[aljk`e^k_\j`[\^\XiXe[g`e`felek`ck_\
_Xe[ZiXeb_Xe[c\iX`j\jXe[cfn\ijk_\Zfem\pfi
kXYc\%
$*-$
=`^li\,+%NfidXe[g`e`fe^\Xijd\j_\[%
N(.+'();ildJXe[\i
9\Xi`e^I\gcXZ\d\ek
K_\Df[\cN(.+';ildJXe[\i`j[\j`^e\[]fidXep
p\Xijf]i\c`XYc\j\im`Z\%9lkX]k\icfe^g\i`f[jf]_\Xmp
lj\#`kdXpY\e\Z\jjXipkfi\gcXZ\k_\[ildY\Xi`e^j%
8cnXpji\gcXZ\Yfk_Y\Xi`e^jk_\jXd\k`d\%
Dflek`e^Elkj
B\\g pfli [ild jXe[\i legcl^^\[
[li`e^ Xcc Xjj\dYcp# dX`ek\eXeZ\#
Xe[ X[aljkd\ek kXjbj% @^efi`e^ k_`j
nXie`e^ ZXe ZXlj\ j\i`flj g\ijfeXc
`ealipkfpflfifk_\ij
J\k
JZi\nj
>i\Xj\=`kk`e^
Xe[;ljk:Xg
Kfi\gcXZ\k_\[ildY\Xi`e^j#[fk_\j\jk\gj1
=`^li\,,%Dflek`e^elkj#nXj_\ij#Xe[
j\kjZi\nj%
(% ;@J:FEE<:KGFN<IKFK?<J8E;<I
)% Fg\ek_\kfgZfm\i%I\dfm\k_\dflek`e^elkj#k_\
nXj_\ijXe[k_\j\kjZi\njj\\=`^li\,, %
EFK@:<
;F EFK _Xdd\i fe k_\ Y\Xi`e^ fi _flj`e^ Xj pfl
N@CC[XdX^\k_\j\gi\Z`j`fegXikj%
*% C`]kk_\[ildXe[jc`[\k_\Y\Xi`e^YcfZbXe[
Y\Xi`e^]ifdk_\[ildj_X]k%
+% :c\XeXe[`ejg\Zkk_\[ildj_X]k]fiZiXZbj#
Yliij#n\Xi#Xe[fk_\i[XdX^\2i\gcXZ\&i\gX`iXj
i\hl`i\[%
,% Lj\XjZi\n[i`m\ikfgipXe[ifkXk\k_\Y\Xi`e^jf`k
`j_fi`qfekXckfk_\Y\Xi`e^$YcfZbdflek`e^]cXe^\j
j\\=`^li\,- %
=`^li\,-%9\Xi`e^gfj`k`fe`e^]fi
i\dfmXc%
9\Xi`e^
9cfZb
Jcfk
-% Jc`[\k_\Y\Xi`e^flkf]k_\Y\Xi`e^YcfZbj\\
=`^li\,. %
J<IM@:<
>l`[\G`e
=`^li\,.%I\dfmXcXe[`ejkXccXk`fe
Y\Xi`e^jcfkgfj`k`fe`e^%
$*.$
N(.+'();ildJXe[\i
.% I\dfm\Xepd\kXcfiXYiXj`m\jkiXgg\[`e
k_\Y\Xi`e^^i\Xj\^iffm\Xe[^i\Xj\gfik#fi
ZfekXd`eXekjn`ccY\gldg\[`ekfk_\e\nY\Xi`e^
n_\epflclYi`ZXk\`k#ZXlj`e^Y\Xi`e^]X`cli\=`^li\
,/ %
/% :c\XeXe[`ejg\Zkk_\Y\Xi`e^$YcfZb]fiZiXZbj#Yliij#
n\Xi#Xe[fk_\i[XdX^\2i\gcXZ\&i\gX`iXji\hl`i\[%
>i\Xj\
Gfik
K_\ÈY\Xi`e^iXZ\Éj_flc[ifkXk\`ej`[\f]k_\
ÈY\Xi`e^YcfZbÉjdffk_cp%@]k_\iXZ\`jcffj\fi
nfYYc\j`ej`[\f]k_\Y\Xi`e^YcfZb#i\gcXZ\k_\
Y\Xi`e^YcfZb%
EFK@:<
DXb\ jli\ k_\ Y\Xi`e^ ^i\Xj\ _fc\ `e k_\ Y\Xi`e^
c`e\j lg n`k_ k_\ ^i\Xj\ ^iffm\ `e k_\ Y\Xi`e^
YcfZb Xe[ k_Xk ef fYjkilZk`fej gi\m\ek Y\Xi`e^
clYi`ZXk`fe%
9\Xi`e^
9cfZb
>i\Xj\
>iffm\
=`^li\,/%9\Xi`e^$YcfZb^i\Xj\^ifm\Xe[
^i\Xj\gfik%
J\k
JZi\n
9\Xi`e^
>i\Xj\
Gfik
0% @ej\ikk_\e\nY\Xi`e^`ekfk_\Y\Xi`e^$YcfZbjf
n_\ek_\Y\Xi`e^YcfZb`j`ejkXcc\[`ek_\jXe[\i#k_\
^i\Xj\]`kk`e^`j]XZ`e^]finXi[Xe[k_\j\kjZi\nj
Xe[_lYXi\fek_\i`^_k$j`[\f]k_\Y\Xi`e^_flj`e^
j\\=`^li\j,/Xe[,0 %
9\Xi`e^
IXZ\
?lY
('% Jc`[\;FEFK_Xdd\i k_\Y\Xi`e^YcfZbXe[
Y\Xi`e^fekfk_\[ildj_X]k%
((% Cfn\ik_\[ildXe[Y\Xi`e^$YcfZbfekfk_\dflek`e^
jkl[j#Xe[`ejkXcck_\]cXknXj_\ijXe[k_\elkj%
K`^_k\ek_\elkj`eXeXck\ieXk`e^gXkk\ielek`cjel^%
()% @ejkXccXe[k`^_k\ek_\j\kjZi\nj%
(*% N`g\k_\^i\Xj\]`kk`e^Zc\Xe#Xe[clYi`ZXk\k_\
Y\Xi`e^n`k_aljk\efl^_^i\Xj\kfjc`^_kcpj\\g]ifd
k_\[ljkj\XcXe[n`g\Zc\Xek_\j\Y\Xi`e^jXi\efk
gi\$clYi`ZXk\[ %;FEFKfm\i$^i\Xj\%
J<IM@:<
(+% I\g\XkJk\gj*Ç(*feXccfk_\iY\Xi`e^jk_Xke\\[
i\gcXZ\d\ek%8cnXpji\gcXZ\Yfk_Y\Xi`e^jfek_\
jXd\[ild%
(,% 8[aljkk_\[ildXe[gi\jjli\ifcc\ijXjflkc`e\[`e
k_`jdXelXc%
$*/$
>l`[\
G`e
=`^li\,0%B\pY\Xi`e^gXikj%
N(.+'();ildJXe[\i
KiflYc\j_ffk`e^
K_`jj\Zk`feZfm\ijk_\dfjkZfddfegifYc\djXe[Zfii\Zk`fejn`k_k_`jkpg\f]
dXZ_`e\%N8IE@E>;FEFKdXb\XepX[aljkd\ekjlek`cgfn\i`j[`jZfee\Zk\[Xe[
dfm`e^gXikj_Xm\Zfd\kfXZfdgc\k\jkfg
Dfkfi<c\Zki`ZXc
GIF9C<D
GFJJ@9C<:8LJ<
:FII<:K@M<8:K@FE
DXZ_`e\[f\jefkjkXikfiX (%Gfn\ijlggcp`j]Xlckp#fi`j
Yi\Xb\iki`gj%
jn`kZ_\[F==%
)%DfkfiFEYlkkfefiFE&F==
jn`kZ_`j]Xlckp%
*%DfkfiZfee\Zk`fe`jn`i\[`eZfi$
i\Zkcp%
+%Gcl^fii\Z\gkXZc\`jXk]Xlckfi
n`i\[`eZfii\Zkcp%
,%JkXikZXgXZ`kfi`j]Xlckp%
-%:\eki`]l^XcJn`kZ_`jXk]Xlck%
.%Dfkfi`jXk]Xlck%
(%K\jkgfn\igcl^Xe[i\Z\gkXZc\]fi^ff[ZfekXZk
Xe[Zfii\Zkn`i`e^%
)%I\gcXZ\]XlckpFEYlkkfefiFE&F==jn`kZ_%
DXZ_`e\_Xjm`YiXk`fefi
ef`jpfg\iXk`fe%
(%@ejg\Zk#i\gcXZ\]fijki`gg\[fi[XdX^\[Yfckj&
elkj#Xe[i\$k`^_k\en`k_k_i\X[cfZb`e^]cl`[%
)%I\gcXZ\[\ek\[]XeZfm\i#Xe[i\gcXZ\cffj\fi
[XdX^\[]Xe%
*%@ejg\ZkY\ckXe[X[aljkfii\gcXZ\Xji\hl`i\[%
+%I\dfm\glcc\p#i\gcXZ\j_X]k#glcc\p#j\kjZi\n#
Xe[b\pXji\hl`i\[#Xe[i\Xc`^e%
,%:_\ZbY\Xi`e^j#i\gcXZ\dfkfifiY\Xi`e^jXj
i\hl`i\[%
-%EfZfii\Zk`m\XZk`fei\hl`i\[%EfidXcjeXg&Zc`Zb
jfle[feIGDn`e[[fne%
(%DfkfifiZfdgfe\ek`jcffj\%
)%Dfkfi]Xe`jilYY`e^fe]XeZfm\i%
*%M$Y\ck`jnfiefi`jcffj\%
+%Glcc\p`jcffj\%
,%DfkfiY\Xi`e^jXi\Xk]Xlck%
-%:\eki`]l^Xcjn`kZ_`jfg\iXk`e^%
Dfkfifm\i_\Xkj%
(%Dfkfifm\icfX[\[%
)%8`iZ`iZlcXk`fek_ifl^_k_\dfkfi
i\jki`Zk\[%
*%:fii\Zkdfkfin`i`e^j\\GX^\+* %
+%DXb\jli\Xcc_fkc`e\jXe[^ifle[jXi\fg\iXk`feXc
Xe[_Xm\Zfii\ZkmfckX^\feXccc\^j%
,%K\jkXe[i\gcXZ\ZXgXZ`kfiXji\hl`i\[%
-%8[aljkfii\gcXZ\k_\Z\eki`]l^Xcjn`kZ_%
.%K\jk#i\gX`ifii\gcXZ\dfkfi%
(%I\[lZ\cfX[fedfkfi%
)%:c\Xef]]dfkfikfgifm`[\efidXcX`iZ`iZlcXk`fe%
J<IM@:<
$*0$
N(.+'();ildJXe[\i
KiflYc\j_ffk`e^
JXe[`e^Fg\iXk`fej
GIF9C<D
GFJJ@9C<:8LJ<
:FII<:K@M<8:K@FE
DXZ_`e\jkXccjfi`jle[\i$
gfn\i\[%
(%JXe[gXg\i`jnfieflk#fijXe[`e^
[\gk_`jj\kkff[\\g%
)%Cfngfn\ijlggcpmfckX^\%
(%Lj\e\njXe[gXg\in`k_Xggifgi`Xk\^i`k#Xe[
i\[lZ\k_\]\\[iXk\&[\gk_f]jXe[`e^%
)%DXb\jli\Xcc_fkc`e\jXe[^ifle[jXi\fg\iXk`feXc
Xe[_Xm\Zfii\ZkmfckX^\feXccc\^j%
*%I\gcXZ\YX[Y\ck#Xc`^eglcc\pj#Xe[i\$k\ej`fe%
+%:fii\Zkdfkfin`i`e^j\\GX^\+* %
*%9\ck`jjc`gg`e^%
+%DfkfiZfee\Zk`fe`jn`i\[`eZfi$
i\Zkcp%
,%Gcl^fii\Z\gkXZc\`jXk]Xlck%
-%Glcc\pfijgifZb\k`jjc`gg`e^%
.%DfkfiY\Xi`e^jXi\Xk]Xlck%
/%Dfkfi_Xjfm\i_\Xk\[%
0%:\eki`]l^Xcjn`kZ_`jXk]Xlck%
('%Dfkfi`jXk]Xlck%
,%K\jkgfn\igcl^Xe[i\Z\gkXZc\]fi^ff[ZfekXZk
Xe[Zfii\Zkn`i`e^%
-%I\gcXZ\cffj\glcc\pXe[j_X]k%
.%IfkXk\dfkfij_X]k]fief`jpfiYliekY\Xi`e^j#
i\gX`i&i\gcXZ\Xji\hl`i\[%
/%LefYjkilZk\[dfkfiZffc`e^X`i]cfn#c\kdfkfi
Zffc#Xe[i\[lZ\nfibcfX[fedXZ_`e\%
0%8[aljkfii\gcXZ\k_\Z\eki`]l^Xcjn`kZ_%
('%K\jk#i\gX`ifii\gcXZ\dfkfi%
DXZ_`e\cXZbjgfn\i2
[ildjkfgjklie`e^le[\i
cfX[%
(%M$Y\ckcffj\%
)%KffdlZ_gi\jjli\fegi\jjli\
ifcc\ij%
(%K`^_k\eM$Y\ckGX^\)) %
)%I\[lZ\gi\jjli\ifcc\igi\jjli\GX^\)0 %
DXZ_`e\jcfnjn_\ejXe[$
`e^#dXb`e^Xjhl\Xc`e^
ef`j\#\jg\Z`XccpfejkXik$
lg%
(%M$Y\ckcffj\%
)%M$Y\cknfieflk%
(%K`^_k\eM$Y\ckGX^\)) %
)%I\gcXZ\M$Y\ckGX^\)) %
Cfl[i\g\k`k`fljef`j\
Zfd`e^]ifddXZ_`e\%
(%Glcc\pj\kjZi\njfib\pjXi\d`jj$
`e^ficffj\%
)%Dfkfi]Xe`j_`kk`e^k_\Zfm\i%
*%M$Y\ck`j[\]\Zk`m\%
(%@ejg\Zkb\pjXe[j\kjZi\nj%I\gcXZ\fik`^_k\e`]
e\Z\jjXip%
)%8[aljk]XeZfm\idflek`e^gfj`k`fe#k`^_k\e]Xe#fi
j_`d]XeZfm\i%
*%I\gcXZ\M$Y\ckGX^\)) %
M`YiXk`fen_\ejXe[`e^%
(%Cffj\[ildg`ccfnYcfZbY\Xi`e^j%
)%Nfie[ildg`ccfnYcfZbY\Xi`e^j%
(%K`^_k\e[ildg`ccfnYcfZbY\Xi`e^j%
)%I\gcXZ\[ildg`ccfnYcfZbY\Xi`e^j%
>i`e[`e^#jZi\\Z_`e^#fi
ilYY`e^ef`j\n_\ejXe[$
`e^[ild`jgfn\i\[lg%
(%;ildY\Xi`e^jcXZbjl]]`Z`\ek
^i\Xj\%
)%;ildY\Xi`e^jXi\nfieXe[e\\[
i\gcXZ\d\ek%
(%>i\Xj\g`ccfnYcfZbY\Xi`e^jGX^\)' %
)%I\gcXZ\k_\[ildY\Xi`e^j%
J<IM@:<
$+'$
N(.+'();ildJXe[\i
KiflYc\j_ffk`e^
JXe[`e^Fg\iXk`fej:fek`el\[
GIF9C<D
GFJJ@9C<:8LJ<
:FII<:K@M<8:K@FE
J_fikM$Y\ckc`]\jgXe%
(%Glcc\pjefkXc`^e\[Zfii\Zkcp%
)%@dgifg\icpk\ej`fe\[%
(%8c`^eglcc\pjGX^\)) %
)%Gifg\icpk\ej`feM$Y\ckjGX^\)) %
:fem\pfijc`gjle[\icfX[%
(%:fem\pfi`jkffcffj\%
)%KffdlZ_cfX[%
(%K\ej`feZfem\pfiGX^\)* %
)%;\Zi\Xj\cfX[%
:fem\pfikiXZbjkffe\
j`[\2Zfem\pfi_`kjk_\
ifcc\iZfm\i%
(%:fem\pfikiXZb`e^`j`eZfii\Zk%
(%KiXZbk_\Zfem\pfijf`kilejjkiX`^_kGX^\)+ %
Nfibg`\Z\glccjkffe\
j`[\[li`e^jXe[`e^fg\iX$
k`fej%
(%K_\jXe[`e^[ild`jefkgXiXcc\c
n`k_k_\kXYc\%
(%8[aljkk_\jXe[`e^[ildgXiXcc\ckfk_\kXYc\GX^\
), %
<oZ\jj`m\je`g\%
(%KffdlZ_gi\jjli\]ifdXcck_\
gi\jjli\ifcc\ij%
)%KffdlZ_gi\jjli\]ifdk_\i\Xi
gi\jjli\ifcc\i%
*%CXZbf]flk]\\[jlggfik%
(%I\[lZ\gi\jjli\ifcc\igi\jjli\GX^\)0 %
Nfibg`\Z\b`Zbjflkf]
jXe[\i%
(%Efk\efl^_gi\jjli\]ifdk_\gi\j$
jli\ifcc\ij%
(%@eZi\Xj\gi\jjli\ifcc\igi\jjli\GX^\)0 %
JXe[gXg\ik\Xijf]][ildj
[li`e^fg\iXk`fe%
(%EX`c&jkXgc\`enfibg`\Z\%
)%JXe[gXg\iefkk`^_k\e\[fi]Xj$
k\e\[Zfii\Zkcp%
*%;ildefkg\ig\e[`ZlcXikfk_\
]\\[[`i\Zk`fe%
(%JXe[fecpZc\Xenfibg`\Z\j%
)%@ejkXcck_\jXe[gXg\iZfii\ZkcpGX^\(/ %
KXYc\\c\mXk`feZfekifcj
Xi\jk`]]Xe[_Xi[kf
X[aljk%
(%KXYc\c`]kjZi\njXi\[`ikpficfX[$
\[n`k_jXn[ljk%
(%:c\XeXe[i\^i\Xj\kXYc\c`]kjZi\njGX^\)' %
Gffi[ljkZfcc\Zk`fe%
(%;ljkZfcc\Zk`fec`e\j`eZfii\Zkcp
j`q\[]fik_`jdXZ_`e\#fikff]Xi
XnXp]ifdk_`jdXZ_`e\%
(%I\[\j`^e[ljkZfcc\Zk`fejpjk\dZfii\Zkcp%I\]\ikf
;ljk:fcc\Zk`fe9Xj`Zj?Xe[Yffb@J9E'$0-*,/)($)$
. ]fi]lik_\ii\Zfdd\e[Xk`fej%
>i\Xj\feZfem\pfiY\ck
(%:_X`ekffcfn%
(%IX`j\kXYc\]Xi\efl^_lgjf`k[f\jekkflZ_Z_X`e%
)%I\[lZ\i\Xigi\jjli\ifcc\igi\jjli\GX^\)0 %
*%J\klgflk]\\[kXYc\fi_Xm\jfd\fe\ZXkZ_k_\
nfibg`\Z\Xj`kZfd\jflk%
*%8[aljkk_\[ildg\ig\e[`ZlcXikfk_\]\\[[`i\Z$
k`feGX^\)/ %
J<IM@:<
$+($
W1740 12" Drum Sander
����������
������
�����
���
�����
�����
���������
�����
������
��������
See Figure 61.
�����
������������
Wiring Diagram
See Figure 62.
���������
�����
���������
������
��������
�����
���
�����
SERVICE
�����
�������
�����
�����
See Figure 60.
���������
��������
���
�����
�����
������������
�����
�����
See Figure 63.
-42-
N(.+'();ildJXe[\i
=`^li\-'%:fem\pfiDfkfi%
=`^li\-)%:fem\pfidfkfimXi`XYc\jg\\[
Zfdglk\iXe[i_\fjkXk%
=`^li\-(%DX`egfn\ijn`kZ_%
=`^li\-*%JXe[`e^dfkfin`i`e^Yfo%
J<IM@:<
$+*$
N(.+'();ildJXe[\i
G8IKJ
=iXd\GXikj;`X^iXd
G8IKJ
$++$
N(.+'();ildJXe[\i
:fem\pfiXe[;ild;`X^iXd
$+,$
G8IKJ
N(.+'();ildJXe[\i
CXY\cGcXZ\d\ek
JX]\kpcXY\cjnXieXYflkdXZ_`e\_XqXi[jXe[nXpjkfgi\m\ek`ealip%K_\fne\if]k_`jdXZ_`e\
DLJKdX`ekX`ek_\fi`^`eXccfZXk`feXe[i\X[XY`c`kpf]k_\cXY\cjfek_\dXZ_`e\%@]XepcXY\c`j
i\dfm\[ fi Y\Zfd\j lei\X[XYc\# I<GC8:< k_Xk cXY\c Y\]fi\ lj`e^ k_\ dXZ_`e\ X^X`e% :fekXZk
Nff[jkfZb@ek\ieXk`feXc#@eZ%Xk*-' .*+$*+/)finnn%j_fg]fokffcj%Zfdkffi[\ie\ncXY\cj%
()().
()*
(),
(*'
()0
()/
())
()+
G8IKJ
()(
$+-$
N(.+'();ildJXe[\i
GXikjC`jk
(!
(!'
(
(
(!#
(
(
(
(
(
(
(
(
(!
(
(!'
(
(
(
(!#
(!
(
(
(
(
(
(!##
(
(!
(
(
(
(
(
(
(
(
(
(!
(!
(!
(!'
(!
(
(
(
(!$
(
(
(
(
(!
(!
(%$
$'#"
#!
!#"'(
#!" $
#!" $#$
#!" $
&$ $$#"'
"&$$#"'
%#
#"
)((
"##'#"
$'#"
" $"
!$#
"$#%!! "$"
!!#"'
(
(%$
%#$! "$
$ ! &"
"""
""!
#$#"'
(
$ "!%)
)((
! $ "&
$ ""$
!$ "
&
!$ " &"
$ "'" &"
&"
$ "
$"%#'$
$ " "
(%$
( $(
( $
(
$'#"
(%$
#!"!$
%#$!$
" $
$!#"'(
! '" "
#$""
" $!
#'$
(%$
(%$
(
(!'
(
(
(!'
(!
(
(!
(!
(
(
(!
(!
(
(
(
(
(
(
(
(!
(!#
(!#
(!$'
(
(
(
(
(
(
(!
(
(
(
(!"
(
(
(!#
(!'
(
(
(!'
(!
(
(!
(!'
(
(
(
(
(!&
(!'
(
$"
$'#"
&) " $ "!$
&) " $ "
$'#"
)((
&) " $ "
(%$
( $
(
! " # %$
&#! '" "
$#"'
(
( $
(
$" "%" &"
"$" "%" &"
$" ""$
"$" ""$
&"#! $" #'$ (
#"'
(
(%$
!!#"'
(
!#"'
(
($$ $'#"
#! $
%##%!! "$
!$
"&" "
"" "
$
$#"'
(
&) "$
!"##%"" "
#"%
($"$"
%#
#! $"
!!#"'
(
$'#"
! ' "
#$#"'
(
$'#"
%$
!"## #!"
( $
(
$'#"
"$
!#$
!"% &"
"%!%)
&$
('"
"
$+.$
G8IKJ
N(.+'();ildJXe[\i
GXikjC`jk
%
%
%
%
%
%
%
%
%
%
%
%$
%
$ !!
"!
!"!
" %!
%
#
%"!
!$ %!%
% %
%
%
%
%
%
%
%
%
%
%
%
! $
%
" ! %
%!
!
!$
!
"
#&
!!!
!!&
$
!
G8IKJ
$+/$
N(.+'();ildJXe[\i
Efk\j
G8IKJ
$+0$
NXiiXekp
Nff[jkfZb@ek\ieXk`feXc#@eZ%nXiiXekjXccE:AB8AJždXZ_`e\ipkfY\]i\\f][\]\Zkj]ifdnfibdXe$
j_`gXe[dXk\i`Xcj]fiXg\i`f[f]knfp\Xij]ifdk_\[Xk\f]fi`^`eXcgliZ_Xj\Ypk_\fi`^`eXcfne\i%
K_`jnXiiXekp[f\jefkXggcpkf[\]\Zkj[l\[`i\Zkcpfi`e[`i\Zkcpkfd`jlj\#XYlj\#e\^c`^\eZ\fiXZZ`$
[\ekj#cXZbf]dX`ek\eXeZ\#fii\`dYlij\d\ekf]k_`i[gXikp\og\ej\j`eZlii\[%
Nff[jkfZb@ek\ieXk`feXc#@eZ%n`cci\gX`ifii\gcXZ\#Xk`kj\og\ej\Xe[Xk`kjfgk`fe#k_\E:AB8AJž
dXZ_`e\fidXZ_`e\gXikn_`Z_`eefidXclj\_Xjgifm\ekfY\[\]\Zk`m\#gifm`[\[k_Xkk_\fi`^`eXc
fne\ii\kliejk_\gif[lZkgi\gX`[kfk_\E:AB8AJž]XZkfipj\im`Z\Z\ek\ifiXlk_fi`q\[i\gX`i]XZ`c$
`kp[\j`^eXk\[Ypfli9\cc`e^_Xd#N8f]]`Z\#n`k_giff]f]k_\`igliZ_Xj\f]k_\gif[lZkn`k_`eknf
p\Xij#Xe[gifm`[\jNff[jkfZb@ek\ieXk`feXc#@eZ%i\XjfeXYc\fggfikle`kpkfm\i`]pk_\Xcc\^\[[\]\Zk
k_ifl^_`ejg\Zk`fe%@]`k`j[\k\id`e\[k_\i\`jef[\]\Zk#fik_Xkk_\[\]\Zki\jlck\[]ifdZXlj\jefk
n`k_`ek_\jZfg\f]Nff[jkfZb@ek\ieXk`feXc@eZ%jnXiiXekp#k_\ek_\fi`^`eXcfne\idljkY\Xik_\
Zfjkf]jkfi`e^Xe[i\klie`e^k_\gif[lZk%
K_`j`jNff[jkfZb@ek\ieXk`feXc#@eZ%jjfc\ni`kk\enXiiXekpXe[XepXe[XccnXiiXek`\jk_XkdXpY\
`dgc`\[YpcXn#`eZcl[`e^Xepd\iZ_XekXY`c`kpfi]`ke\jj#]fiXepgXik`ZlcXigligfj\#Xi\_\i\Ypc`d$
`k\[kfk_\[liXk`fef]k_`jni`kk\enXiiXekp%N\[fefknXiiXekk_XkE:AB8AJždXZ_`e\ipZfdgc`\j
n`k_k_\gifm`j`fejf]XepcXnfiXZkj%@eef\m\ekj_XccNff[jkfZb@ek\ieXk`feXc#@eZ%jc`XY`c`kple[\i
k_`jnXiiXekp\oZ\\[k_\gliZ_Xj\gi`Z\gX`[]fik_\gif[lZk#Xe[Xepc\^XcXZk`fejYifl^_kX^X`ejk
Nff[jkfZb@ek\ieXk`feXc#@eZ%j_XccY\ki`\[`ek_\JkXk\f]NXj_`e^kfe#:flekpf]N_XkZfd%N\j_Xcc
`eef\m\ekY\c`XYc\]fi[\Xk_#`eali`\jkfg\ijfejfigifg\ikpfi]fi`eZ`[\ekXc#Zfek`e^\ek#jg\Z`Xcfi
Zfej\hl\ek`Xc[XdX^\jXi`j`e^]ifdk_\lj\f]fligif[lZkj%
<m\ip\]]fik_XjY\\edX[\kf\ejli\k_XkXccE:AB8AJždXZ_`e\ipd\\kj_`^_hlXc`kpXe[[liXY`c$
`kpjkXe[Xi[j%N\i\j\im\k_\i`^_kkfZ_Xe^\jg\Z`]`ZXk`fejXkXepk`d\Y\ZXlj\f]fliZfdd`kd\ekkf
Zfek`elfljcp`dgifm\k_\hlXc`kpf]fligif[lZkj%
N(.+'();ildJXe[\i
NXiiXekpI\^`jkiXk`fe
EXd\VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
Jki\\kVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
:`kpVVVVVVVVVVVVVVVVVVVVVVVVV JkXk\VVVVVVVVVVVVVVVVVVVVVVVVVVVQ`gVVVVVVVVVVVVVVVVVVVVVVVV
G_fe\VVVVVVVVVVVVVVVVVVVVVV <dX`c VVVVVVVVVVVVVVVVVVVVVVVVVV@emf`Z\VVVVVVVVVVVVVVVVVVV
Df[\cVVVVVVVVVJ\i`XcVVVVVVVVVVVVVV;\Xc\iEXd\VVVVVVVVVVVVVVVVVVGliZ_Xj\;Xk\VVVVVVVVVVV
K_\]fccfn`e^`e]fidXk`fe`j^`m\efeXmfclekXipYXj`j%@kn`ccY\lj\[]fidXib\k`e^gligfj\jkf_\cglj
[\m\cfgY\kk\igif[lZkjXe[j\im`Z\j%F]Zflij\#Xcc`e]fidXk`fe`jjki`ZkcpZfe]`[\ek`Xc%
:LK8CFE>;FKK<;C@E<
(% ?fn[`[pflc\XieXYflklj6
VVVVV 8[m\ik`j\d\ek
VVVVV DX`cFi[\i:XkXcf^
VVVV =i`\e[
VVVV N\Yj`k\
VVVV CfZXcJkfi\
VVVV Fk_\i1
)% ?fncfe^_Xm\pflY\\eXnff[nfib\i&d\kXcnfib\i6
VVVVV '$)P\Xij
VVVVV )$/P\Xij
VVVV /$)'P\Xij
VVVVV )'"P\Xij
*% ?fndXepf]pflidXZ_`e\jfikffcjXi\EZab8aj™6
VVVVV '$)
VVVVV *$,
VVVV -$0
VVVVV ('"
+% ;fpflk_`ebpflidXZ_`e\i\gi\j\ekjX^ff[mXcl\6
VVVVV P\j
VVVV Ef
,% Nflc[pfli\Zfdd\e[EZab8aj™gif[lZkjkfX]i`\e[6 VVVVV P\j
VVVV Ef
-% N_Xk`jpfliX^\^iflg6
VVVVV )'$)0
VVVVV ,'$,0
VVVV *'$*0
VVVV -'$-0
.% N_Xk`jpfliXeelXc_flj\_fc[`eZfd\6
VVVVV )'#'''$)0#'''
VVVV *'#'''$*0#'''
VVVVV ,'#'''$,0#'''
VVVV -'#'''$-0#'''
VVVV +'$+0
VVVV .'"
VVVV +'#'''$+0#'''
VVVV .'#'''"
/% N_`Z_f]k_\]fccfn`e^dX^Xq`e\j[fpfljlYjZi`Y\kf6
VVVV
VVVV
VVVV
VVVV
VVVV
VVVV
VVVV
VVVV
VVVV
VVVV
:XY`e\kDXb\i
=Xd`cp?Xe[pdXe
?Xe[CfX[\i
?Xe[p
?fd\J_fgDXZ_`e`jk
AflieXcf]C`^_k:fek%
C`m\Jk\Xd
Df[\c8`ijXe[E\nj
Df[\ck\Z
Fc[?flj\AflieXc
VVVV
VVVV
VVVV
VVVV
VVVV
VVVV
VVVV
VVVV
VVVV
VVVV
GfglcXiD\Z_Xe`Zj
GfglcXiJZ`\eZ\
GfglcXiNff[nfib`e^
GiXZk`ZXc?fd\fne\i
Gi\Z`j`feJ_ffk\i
Gifa\Zkj`eD\kXc
I:Df[\c\i
I`Õ\
J_fgEfk\j
J_fk^leE\nj
VVVV
VVVV
VVVV
VVVV
VVVV
VVVV
VVVV
VVVV
VVVV
Kf[XpËj?fd\fne\i
Nff[
Nff[\e9fXk
Nff[j_fgE\nj
Nff[jd`k_
Nff[nfib
Nff[nfib\iN\jk
Nff[nfib\iËjAflieXc
Fk_\i1
0% :fdd\ekj1VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
=FC;8CFE>;FKK<;C@E<
GcXZ\
JkXdg
?\i\
NFF;JKF:B@EK<IE8K@FE8C@E:%
G%F%9FO)*'0
9<CC@E>?8D#N80/)).$)*'0
=FC;8CFE>;FKK<;C@E<
K8G<8CFE><;><J$$GC<8J<;FEFKJK8GC<