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palace - Vidri
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4EPEGI 7XSRIEVVMGGLMWGI :IVWEGI ,SQI GSR YRE
GSPPI^MSRI HM TEZMQIRXM I VMZIWXMQIRXM GSWv VEJ½REXM
IHIGPIXXMGMTIVMPXMTSHMPEZSVE^MSRIIP´EXXIR^MSRIEP
HIXXEKPMSHETSXIVIWWIVIYXMPM^^EXMWMEEPP´MRXIVRSGLI
EPP´IWXIVRSHIPPEGEWE MRYRGSRXMRYYQHIGSVEXMZSHM
JSVXIMQTEXXS
1E XYXXI PI GSPPI^MSRM WSRS HMWIKREXI WIGSRHS PS
WXIWWS TVSKIXXS EFMXEXMZS VMGVIEVI P´MRGSRJSRHMFMPI
MQTVSRXE :IVWEGI MR SKRM EQFMIRXI HSQIWXMGS
:IVWEGI,SQIrHYRUYITYVEIWTVIWWMSRIHMUYIWXS
WXMPIGEVEXXIVIWS½WXMGEXSHEPP´EXXMXYHMRIQSHIVRE
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4EPEGI 7XSRIIRLERGIW :IVWEGI ,SQI [MXL E WYTVIQIP]
IGPIGXMGWX]PMWLGSPPIGXMSRSJ¾SSVERH[EPPGSZIVMRKWXLEXEVI
WS½RIP]QEHIERHGEVIJYPP]HIXEMPIHXLEXXLI]GERFIYWIH
FSXLMRWMHIERHSYXWMHIXLILSQIWSEWXSGVIEXIETS[IVJYP
YRMRXIVVYTXIH¾S[
%PPXLIGSPPIGXMSRWEVIHIWMKRIH[MXLXLIWEQIEMQMRQMRHXS
4EPEGI7XSRIHEZEPSVE:IVWEGI,SQIGSRYREGSPIGGMzRHI
TEZMQIRXSW ] VIZIWXMQMIRXSW XER VI½REHSW GSQS IGPqGXMGSW
TSVIPXMTSHIXVEFENS]IPGYMHEHSHIPSWHIXEPPIWUYITYIHI
YXMPM^EVWIXERXSIRMRXIVMSVIWGSQIIRI\XIVMSVIWTEVEGVIEV
YRGSRXMRYSHIGSVEXMZSHIKVERMQTEGXS
8SHEW PEW GSPIGGMSRIW WI LER HMWIyEHS WMKYMIRHS IP QMWQS
VIGVIEXI XLI YRQMWXEOIEFPI:IVWEGI PSSO MR IEGL ERH IZIV]
TEVX SJ XLI LSQI:IVWEGI ,SQI MW XLI TYVIWX I\TVIWWMSR
SJ XLMW WX]PI [MXL MXW WSTLMWXMGEXIH GLEVEGXIV ERH EFWSPYXIP]
GSRXIQTSVEV]SYXPSSO
TVS]IGXSHIGSVEXMZSVITVSHYGMVIPMRGSRJYRHMFPIWIPPS:IVWEGI
IRXSHSWPSWEQFMIRXIWHSQqWXMGSW4SVIWXIQSXMZS:IVWEGI
,SQIIWPETYVEI\TVIWMzRHIIWXIIWXMPSGEVjGXIVWS½WXMGEHS
GSRYREEGXMXYHQSHIVRE
4EPEGI 7XSRI ǙǣǤǣǠǢǴǚǧ ǕǦǦǣǥǧǝǡǚǢǧ :IVWEGI ,SQI
4EPEGI 7XSRI IRVMGLMX:IVWEGI ,SQI EZIG YRI GSPPIGXMSR HI
WSPWIXHIVIZsXIQIRXWWMYRMUYIWTEVPIYVVEJ½RIQIRXIXTEV
PIWSMRETTSVXqkGLEUYIHqXEMPUY´MPWTIYZIRXLEFMPPIVEYWWM
FMIRP´MRXqVMIYVUYIP´I\XqVMIYVHIP´LEFMXEXMSRIRYRIWSVXIHI
GSRXMRYYQHqGSVEXMJKEKIHIKVERHMQTEGX
8SYXIWPIWGSPPIGXMSRWVqTSRHIRXkYRQsQIHIWWIMRLEFMXEXMJ
VIGVqIV PE QEVUYI MRGSQTEVEFPI HI :IVWEGI EY WIMR HI
GLEUYI IWTEGI:IVWEGI ,SQI IWX PE TPYW TYVI I\TVIWWMSR
HIGIWX]PIUYMW´MRWGVMXkP´IRWIMKRIH´YRKIWXIIQTVIMRXHIPE
QSHIVRMXqPETPYWVEJ½RqI
ǟ ǣ Ǡ Ǡ ǚ ǟ ǫ ǝ ǚ Ǟ Ǣ Ǖ Ǥ ǣ Ǡ DZ Ǣ ǰ Ǫ Ǥ ǣ ǟ ǥ ǰ ǧ ǝ Ǟ ǝ ǣ ǖ Ǡ ǝ ǫ ǣ Ǘ ǟ ǝ ǣǧǠǝǬǕdzǮǚǞǦǴǧǕǟǣǞǝǜǰǦǟǕǢǢǣǦǧDZdzǝDzǟǠǚǟǧǝǬǢǣǦǧDZdz
ǤǥǣǴǗǠǴdzǮǚǞǦǴ Ǘ ǣǖǥǕǖǣǧǟǚ ǝ Ǘǣ ǗǢǝǡǕǢǝǝ ǟ ǙǚǧǕǠǴǡ
ǖǠǕǘǣǙǕǥǴǟǣǧǣǥǣǞǣǢǕǤǣǙǪǣǙǝǧǟǕǟǙǠǴǗǢǨǧǥǚǢǢǚǞǧǕǟ
ǝǗǢǚǭǢǚǞǣǧǙǚǠǟǝǙǣǡǕǦǣǜǙǕǗǕǴǘǕǥǡǣǢǝǬǢǣǚǙǝǢǰǞǝ
DzǩǩǚǟǧǢǰǞǙǚǟǣǥ
ǗǦǚǟǣǠǠǚǟǫǝǝǥǕǜǥǕǖǣǧǕǢǰǦǣǘǠǕǦǢǣǣǙǢǣǡǨǝǧǣǡǨǛǚ
ǜǕǡǰǦǠǨ ǣǖǨǦǧǥǣǞǦǧǗǕ ǛǝǠDZǴ ǗǣǦǦǣǜǙǕǧDZ ǨǢǝǟǕǠDZǢǰǞ
ǦǧǝǠDZ:IVWEGIǗǠdzǖǣǡǙǣǡǕǭǢǚǡǤǣǡǚǮǚǢǝǝǟǣǠǠǚǟǫǝǴ
:IVWEGI ,SQI ǴǗǠǴǚǧǦǴ ǕǖǦǣǠdzǧǢǰǡ ǗǰǥǕǛǚǢǝǚǡ Dzǧǣǘǣ
ǦǧǝǠǴ ǢǣǦǴǮǚǘǣ ǝǜǰǦǟǕǢǢǰǞ ǪǕǥǕǟǧǚǥ ǦǣǗǥǚǡǚǢǢǣǘǣ
ǢǕǤǥǕǗǠǚǢǝǴ
4EPEGI7XSRIḋᓣ๲ࡴ:IVWEGI,SQIⱘ㕢㾖݊催䲙⡍⅞
ҹঞ⊼ᛣ㒚㡖ࡴᎹⱘഄⷪ੠๭ⷪৃҹ㺙೼᠓ሟⱘ䞠䴶
੠໪䴶㒭ќϔ⾡䖲㓁㺙佄ⱘさߎᬜᵰ
᠔᳝ḋᓣⱘ䆒䅵‫݋‬᳝ϔḋⱘᏗ㕂乍ⳂՓ↣䯈᠓ᄤ䆒
䅵‫݋‬᳝:IVWEGI⣀⡍ⱘ亢Ḑ಴ℸ :IVWEGI,SQI ԰Ў䖭
⾡亢Ḑⱘ㸼⦄Ӭ䲙ঞ⦄ҷⱘ⡍ᕕ
4EPEGI 7XSRI VIMGLIVX:IVWEGI ,SQI QMX IMRIV &SHIR YRH
;ERHTPEXXIROSPPIOXMSRERHIVIR&IEVFIMXYRKYRHWSVKJmPXMKIR
(IXEMPW HIVEVX VEJ½RMIVX YRH IOPIOXMWGL WMRH HEWW WMI WS[SLP
MR -RRIR EPW EYGL%YŠIRFIVIMGLIR )MRWEX^ ½RHIR MR IMRIQ
L}GLWXIMRHVYGOWIV[IGOIRHIQHIOSVEXMZIR'SRXMRYYQ
9RH HSGL WMRH EPPI /SPPIOXMSR REGL IMRIQ KPIMGLIR
;SLROSR^ITXIRX[MGOIPX(EW)MRFVMRKIRHIVYRZIVOIRRFEVIR
:IVWEGI1IVOQEPIMREPPIR;SLRFIVIMGLIR:IVWEGI,SQIMWX
HIVVIMRI%YWHVYGOHMIWIW7XMPWYRHHIWLSGLJIMRIR'LEVEOXIVW
IMRIVQSHIVRIR)MRWXIPPYRK
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-QEXIVMEPM4EPEGI7XSRIWSRSTIRWEXMTIVVMWTSRHIVIMRQSHSHIGMWSEPPIQSPXITPMGMIWMKIR^IHMTVSKIXXSGSRWIRXIRHS
HMTEZMQIRXEVIIVMZIWXMVIKPMWTE^MMRXIVRMIHIWXIVRMHIPPEGEWEGSRJYR^MSREPIEKMPMXk
9RMQTMIKSEXYXXSXSRHS
-QEXIVMEPM4EPEGI7XSRITSWWSRSIWWIVIMQTMIKEXMEKVEHMEPP´MRXIVRSHIPPSWTE^MSEVGLMXIXXSRMGSGVIERHSJSVXI
WMRXSRMEJVEKPMEQFMIRXM (EPFEKRSEPPEGYGMRE HEPPMZMRKEPPE^SRERSXXI HEPWSKKMSVRSEPKMEVHMRS YXMPM^^EXMWMEGSQI
TEZMQIRXMGLIGSQIVMZIWXMQIRXM0IGEVEXXIVMWXMGLIXIGRMGLIEMQEWWMQMPMZIPPMRIGSRWIRXSRSP´MQTMIKSERGLIMREQFMIRXM
TEVXMGSPEVQIRXIWSPPIGMXEXM
4EPEGI7XSRIQEXIVMEPWEVIHIWMKRIHXSVIWTSRHMRJYPPXSXLI
EVGLMXIGX´WQER]ERHZEVMIHRIIHWTVSZMHMRKGSZIVMRKWSJJYRGXMSREP
EKMPMX]JSVXLI[EPPWERH¾SSVWSJXLILSQIMRHSSVWERHSYXHSSVW
0IW QEXqVMEY\ 4EPEGI 7XSRI WSRX TIRWqW TSYV VqTSRHVI k PE
TIVJIGXMSREY\QYPXMTPIWI\MKIRGIWHIGLEUYITVSNIXTIVQIXXERX
HIPEWSVXIHIVIZsXMVWSPWIXQYVWHIWIWTEGIWMRXIVRIWIXI\XIVRIW
HIP´LEFMXEXMSRkP´IRWIMKRIH´YRIWSYTPIWWIJSRGXMSRRIPPIXSXEPI
(MI 1EXIVMEPMIR ZSR 4EPEGI 7XSRI IVJ‚PPIR IRXWGLPSWWIR HMI
^ELPVIMGLIR4VSNIOXERJSVHIVYRKIRYRHKIWXEXXIRIWHMI-RRIR
YRH%YŠIRFIVIMGLIHIV;SLRYRKQMX^[IGOHMIRPMGLIV+I[ERHXLIMX
EYW^YOPIMHIR
9RIYXMPMWEXMSRIRXSYXIPMFIVXq
)MR)MRWEX^HIVOIMRI&IVIMGLIEYWPmWWX
0IWQEXqVMEY\4EPEGI7XSRITIYZIRXsXVIYXMPMWqWIRXSYXIPMFIVXq
EYWIMRHIP´IWTEGIEVGLMXIGXYVEPIRGVqERXYRIJSVXILEVQSRMI
IRXVIPIWHMJJqVIRXIWTMrGIW(IPEWEPPIHIFEMRWkPEGYMWMRIHY
WqNSYVEY\GLEQFVIWIXEYNEVHMRMPWTIYZIRXsXVITSWqWEYWWM
FMIRGSQQIVIZsXIQIRXHIWSPUYIGSQQIVIZsXIQIRXQYVEP
0IWGEVEGXqVMWXMUYIWXIGLRMUYIWHYTPYWLEYXRMZIEYTIVQIXXIRX
qKEPIQIRXPIYVYXMPMWEXMSRHERWPIWIWTEGIWPIWTPYWWSPPMGMXqW
(MI 1EXIVMEPMIR 4EPEGI 7XSRI PEWWIR WMGL EVGLMXIOXSRMWGL MR
IMRIQ +VEH4ERSVEQE IMRWIX^IR YRH ZIVFMRHIR HEFIM
HMI ZIVWGLMIHIRIR ;SLRFIVIMGLI MR WXEVOIQ )MROPERK :SQ
&EHI^MQQIV FMW ^YV /‚GLI ZSQ 0MZMRK &IVIMGL FMW ^YV
2EGLX^SRI ZSQ ;SLR^MQQIV FMW ^YQ +EVXIR O}RRIR WMI
WS[SLP&}HIREPWEYGL;mRHIEYWOPIMHIR(EROMLVIVXIGLRMWGLIR
7TMX^IRIMKIRWGLEJXIR½RHIRWMIWIPFWXMRWXEVOFIERWTVYGLXIR
&IVIMGLIR)MRWEX^
ǨǙǣǗǠǚǧǗǣǥǚǢǝǴ ǡǢǣǘǣǬǝǦǠǚǢǢǰǪ ǧǥǚǖǣǗǕǢǝǞ ǤǥǣǚǟǧǕ ǝ
ǡǕǧǚǥǝǕǠǰ4EPEGI7XSRI ǖǰǠǝ ǥǕǜǥǕǖǣǧǕǢǰ ǙǠǴ ǨǦǤǚǭǢǣǘǣ
4EPEGI7XSRIⷪᵓⱘॳ᭭ⱘ䗝প䩜ᇍѢ⒵䎇↣⾡乍Ⳃⱘ䳔∖
ৃҹᕜᮍ֓ഄ䫎ᬒ៪䭊೼᠓ሟⱘ‫ݙ‬䴶੠໪䴶
Ǥǥǝ ǣǖǠǝǫǣǗǟǚ ǤǣǠǣǗ Ǖ ǧǕǟǛǚ ǗǢǚǭǢǚǘǣ ǝ ǗǢǨǧǥǚǢǢǚǘǣ
ܼᮍԡՓ⫼
ǭǝǥǣǟǝǞǟǥǨǘǤǥǝǡǚǢǚǢǝǴ
4EPEGI7XSRIⷪᵓⱘॳ᭭ৃҹՓ⫼೼ᓎㄥぎ䯈ⱘᑺⱘ㣗ೈ
‫ݙ‬ҹঞ㒭ќϡৠ᠓䯈ⱘ⦃๗ϔ⾡ण䇗ⱘ䆒䅵Ң⍈ᅸࠄॼ᠓
Ң/LYLQJऎॼ᠓੠ᅶख़ࠄ䍋ሙᅸҢᅶख़ࠄ㢅ು䖭ѯⷪ
ᵓৃҹ԰Ўഄⷪ៪๭ⷪ⬅Ѣ݊催䋼䞣ⱘᡔᴃ⡍⚍ৃҹᡞᅗ
Ӏ⫼೼⍌㱔⿟ᑺᕜ໻ⱘ⦃๗Ϟ
9RPMQMXIHTSXIRXMEPJSVYWI
8LI 4EPEGI 7XSRI QEXIVMEPW GER FI YWIH MR ER] EVGLMXIGXYVEP
GSRXI\XGVIEXMRKWXVSRKWX]PMWXMGPMROWFIX[IIRVSSQW*VSQXLI
FEXLVSSQXSXLIOMXGLIRJVSQXLIPMZMRKEVIEXSXLIFIHVSSQW
JVSQXLIPSYRKIXSXLIKEVHIRYWIHSRFSXL¾SSVWERH[EPPW
8LIQEXIVMEP´WXSTKVEHIXIGLRMGEPJIEXYVIWEPPS[MXWYWIIZIRMR
GSRXI\XW[LIVILMKLPIZIPWSJVIWMWXERGIEVIVIUYMVIH
0SW QEXIVMEPIW 4EPEGI 7XSRI IWXjR TIRWEHSW TEVE VIWTSRHIV
I½GE^QIRXIEPEWHMJIVIRXIWRIGIWMHEHIWHIPTVS]IGXSTIVQMXMIRHS
GSPSGEVTEZMQIRXSW]VIZIWXMQMIRXSWIRPSWIWTEGMSWMRXIVMSVIW]
I\XIVMSVIWHIPEGEWEHIQERIVEJjGMP]TVjGXMGE
ǙǠǴ ǣǖǚǦǤǚǬǚǢǝǴ ǡǕǟǦǝǡǕǠDZǢǣǞ ǤǥǕǟǧǝǬǢǣǦǧǝ ǝ ǘǝǖǟǣǦǧǝ
ǤǥǣǦǧǥǕǢǦǧǗǕǙǣǡǕ
9REETPMGEGMzRMRXIKVEP
0SWQEXIVMEPIW4EPEGI7XSRITYIHIRIQTPIEVWIEKVEHSW
HIRXVSHIPIWTEGMSEVUYMXIGXzRMGSGVIERHSYREJYIVXIWMRXSRuE
IRXVIPSWHMWXMRXSWEQFMIRXIW%FEVGERHSHIPFEySEPEGSGMREHIP
WEPzREPSWHSVQMXSVMSWHIPGSQIHSVEPNEVHuRTYIHIRGSPSGEVWI
GSQSTEZMQIRXSSGSQSVIZIWXMQMIRXS7YWGEVEGXIVuWXMGEWXqGRMGEW
WSRHIQj\MQSRMZIP]TIVQMXIRXEQFMqRPEGSPSGEGMzRIRPYKEVIW
WSQIXMHSWEXIRWMSRIW
ǡǕǧǚǥǝǕǠǰ4EPEGI7XSRIǢǕǪǣǙǴǧǭǝǥǣǬǕǞǭǚǚǤǥǝǡǚǢǚǢǝǚǗ
ǣǧǙǚǠǟǚ ǕǥǪǝǧǚǟǧǨǥǢǣǘǣ ǤǥǣǦǧǥǕǢǦǧǗǕ ǦǣǜǙǕǗǕǴ ǦǝǠDZǢǨdz
ǘǕǥǡǣǢǝǬǢǨdz ǦǗǴǜDZ ǡǚǛǙǨ ǤǣǡǚǮǚǢǝǴǡǝ ǝ Ǫ ǡǣǛǢǣ
ǝǦǤǣǠDZǜǣǗǕǧDZ ǟǕǟ ǙǠǴ ǤǣǟǥǰǧǝǴ ǤǣǠǕ ǧǕǟ ǝ ǙǠǴ ǣǖǠǝǫǣǗǟǝ
ǦǧǚǢǗǕǢǢǣǞǝǟǨǪǢǝǦǧǣǠǣǗǣǞǝǦǤǕǠDZǢǝǘǣǦǧǝǢǣǞǝǦǕǙǕ
ǖǠǕǘǣǙǕǥǴǦǗǣǝǡǗǰǦǣǬǕǞǭǝǡǧǚǪǢǝǬǚǦǟǝǡǪǕǥǕǟǧǚǥǝǦǧǝǟǕǡ
DzǧǝǡǕǧǚǥǝǕǠǰǡǣǘǨǧǖǰǧDZǝǦǤǣǠDZǜǣǗǕǢǰǧǕǟǛǚǙǠǴǣǧǙǚǠǟǝ
ǤǣǗǚǥǪǢǣǦǧǚǞ ǤǣǙǗǚǥǛǚǢǢǰǪ ǗǣǜǙǚǞǦǧǗǝdz ǜǢǕǬǝǧǚǠDZǢǰǪ
ǢǕǘǥǨǜǣǟ
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-QEXIVMEPM4EPEGIWSRSMPJVYXXSHMEGGYVEXIVMGIVGLIHEPPEWIPI^MSRIHIPPIQEXIVMITVMQIEPPETVIWWEXYVEHEPPEGSXXYVEEPPE
GSRGPYWMZEVIXXM½GEHIPPEPEWXVE-P+VIW4SVGIPPEREXS4EPEGIrQEXIVMEEPPSWXEXSTYVSHEPPIGEVEXXIVMWXMGLISQSKIRIIPYRKS
XYXXSMPWYSWTIWWSVI9RQEXIVMEPIGSPSVEXSMRQEWWEVIWMWXIRXIJSVXIIGEVEXXIVM^^EXSHEPEWXVIVIXXM½GEXIQSHYPEVM
-QIXSHMGSRGYM+EVHIRME3VGLMHIEVIEPM^^EMTVSTVMTVSHSXXMWSRSXIGRSPSKMGEQIRXIEPP´EZERKYEVHMEWSWXIRYXMHEYR
IRKMRIIVMRKHMYPXMQEKIRIVE^MSRI8VEUYIWXIXIGRSPSKMIQIVMXETEVXMGSPEVIEXXIR^MSRI,M6IW4VMRXPERYSZEXIGRSPSKME
HMWXEQTEEHEPXEVMWSPY^MSRIGSRUYEPMXkJSXSKVE½GEHIPPETMIXVEREXYVEPI
%1)8-'90397463(9'8-32463')77+)2)6%8)7
4%0%')436')0%-27832);%6)
8LI4EPEGIQEXIVMEPWEVIXLISYXGSQISJTEMRWXEOMRKVIWIEVGL
JVSQXLIWIPIGXMSRSJXLIVE[QEXIVMEPWXSTVIWWMRKJVSQ½VMRK
XSXLI½REPIHKIKVMRHMRKSJXLIWPEF
4EPEGI 4SVGIPEMR 7XSRI[EVI MW YREHYPXIVEXIH QEXXIV [MXL
GLEVEGXIVMWXMGWXLEXVIQEMRXLIWEQIVMKLXXLVSYKLMXWXLMGORIWW
%QEXIVMEP[MXLXLVSYKLFSH]GSPSYVLEVH[IEVMRKWXVSRK
ERHWYTTPMIHMRQSHYPEVVIGXM½IHWPEFW
8LI QIXLSHW F] [LMGL +EVHIRME 3VGLMHIE TVSHYGIW MXW
TVSHYGXWEVIEXXLIXIGLRSPSKMGEPWXEXISJXLIEVXFEGOIHYTF]
PEXIWXKIRIVEXMSRIRKMRIIVMRK/I]EQSRKWXXLIWIXIGLRSPSKMIW
MW,M6IW4VMRXXLIRI[LMKLVIWSPYXMSRXIGLRSPSK]JSVTVMRXMRK
REXYVEPWXSRI½RMWLIW[MXLTLSXSKVETLMGUYEPMX]
)-27/694)0,%*8)6463(9/8-327463>)77
)6>)9+8(%7*)-278)-2>)9+4%0%')
(MI 1EXIVMEPMIR ZSR 4EPEGI WMRH HEW )VKIFRMW WSVKJmPXMKIV
*SVWGLYRKIR:SRHIV;ELPHIV6SLWXSJJIFMW^YV4VIWWYRK
ZSQ&VERHFMW^YQEFWGLPMIŠIRHIR7GLPMJJHIV4PEXXIROERXIR
(EW *IMRWXIMR^IYK 4EPEGI MWX 1EXIVMI TYV QMX LSQSKIRIR
)MKIRWGLEJXIREYJHIVKIWEQXIR(MGOI
)MRMRHIV1EWWIKIJmVFXIW1EXIVMEPFIWXmRHMKWXEVOYRHZSR
QSHYPEVIRWGLEVJOERXMKKIWGLPMJJIRIR4PEXXIRKIOIRR^IMGLRIX
(MI1IXLSHIRQMXHIRIR+EVHIRME3VGLMHIEMLVI4VSHYOXI
JIV XMKX WMRH XIGLRSPSKMWGL LSGLQSHIVR YRH [IVHIR ZSR
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927'69490)9<463')7797()463(9'8-32+f2Ç6)
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0IWQEXqVMEY\4EPEGIWSRXPIVqWYPXEXHIVIGLIVGLIWETTVSJSRHMIW
HIPEWqPIGXMSRHIWQEXMrVIWTVIQMrVIWEYTVIWWEKIHIPEGYMWWSR
kPEVIGXM½GEXMSRHIWGEVVIEY\0IKVrWGqVEQI4EPEGIIWXYRI
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kXSYXIP´qTEMWWIYV9RQEXqVMEYGSPSVqHERWPEQEWWIVqWMWXERX
VSFYWXIIXTVSHYMXIRGEVVIEY\VIGXM½qWIXQSHYPEMVIW0IW
QqXLSHIWkXVEZIVWPIWUYIPPIW+EVHIRME3VGLMHIEVqEPMWIWIW
TVSHYMXWWSRXkP´EZERXKEVHIIXFqRq½GMIRXHIWGSRREMWWERGIW
XIGLRSPSKMUYIWHIPEHIVRMrVIKqRqVEXMSR4EVQMPIWXIGLRSPSKMIW
QMWIWIR®YZVIMPGSRZMIRXHIQIRXMSRRIVPE,M6IW4VMRX
PERSYZIPPIXIGLRSPSKMIH´MQTVIWWMSRkLEYXIVqWSPYXMSRHIPE
TMIVVIREXYVIPPIGSQTEVEFPIkPEUYEPMXqTLSXSKVETLMUYI
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GEVEGXIVM^EHSTSVTMI^EWQSHYPEVIWVIGXM½GEHEW0SWQqXSHSW
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XIGRSPzKMGEQIRXIEPEZERKYEVHMEWSWXIRMHSWTSVYREMRKIRMIVuE
HIPXMQEKIRIVEGMzR)RXVIIWXEWXIGRSPSKuEWGEFIHIWXEGEVPE
,M6IW4VMRXPERYIZEXIGRSPSKuEHIMQTVIWMzRHIEPXEVIWSPYGMzR
GSRGEPMHEHJSXSKVj½GEHIPETMIHVEREXYVEP
ǘǠǕǜǨǥǣǗǕǢǢǰǞǟǚǥǕǡǣǘǥǕǢǝǧ4%0%')²
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ǤǥǣǫǚǦǦǕ
ǡǕǧǚǥǝǕǠǰ4EPEGI²DzǧǣǥǚǜǨǠDZǧǕǧǧǮǕǧǚǠDZǢǰǪǤǣǝǦǟǣǗǣǧǣǧǖǣǥǕ
ǦǰǥDZǴǙǣǤǥǚǦǦǣǗǕǢǝǴǣǧǣǖǛǝǘǕǙǣǜǕǟǠdzǬǝǧǚǠDZǢǣǞǥǚǟǧǝǩǝǟǕǫǝǝ
ǤǠǝǧǟǝ ǟǚǥǕǡǣǘǥǕǢǝǧ 4EPEGI ² Dzǧǣ ǡǕǧǚǥǝǕǠ Ǘ ǬǝǦǧǣǡ ǗǝǙǚ
ǣǖǠǕǙǕdzǮǝǞǣǙǢǣǥǣǙǢǰǡǝǪǕǥǕǟǧǚǥǝǦǧǝǟǕǡǝǤǣǗǦǚǞǦǗǣǚǞǧǣǠǮǝǢǚ
ǥǚǟǧǝǩǝǫǝǥǣǗǕǢǢǕǴǤǠǝǧǟǕǝǜǘǣǧǣǗǠǚǢǢǕǴǝǜǣǟǥǕǭǚǢǢǣǘǣǗǡǕǦǦǚ
ǡǕǧǚǥǝǕǠǕǣǧǠǝǬǕǚǧǦǴǨǦǧǣǞǬǝǗǣǦǧDZdzǤǥǣǬǢǣǦǧDZdzǝǤǥǚǙǢǕǜǢǕǬǚǢǕ
ǙǠǴ ǡǣǙǨǠDZǢǣǞ ǨǟǠǕǙǟǝǗ ǡǚǧǣǙǕǪ ǥǚǕǠǝǜǕǫǝǝ ǦǗǣǝǪ ǤǥǣǙǨǟǧǣǗ
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ǦǢǣǗǚǞǭǝǡǝǙǣǦǧǝǛǚǢǝǴǡǝǗǣǖǠǕǦǧǝǝǢǛǝǢǝǥǝǢǘǕ
ǦǥǚǙǝDzǧǝǪǧǚǪǢǣǠǣǘǝǞǣǦǣǖǣǘǣǗǢǝǡǕǢǝǴǜǕǦǠǨǛǝǗǕǚǧ+,5(635,17
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ǟǕǬǚǦǧǗǕǝǡǝǧǝǥǨdzǮǚǞǥǝǦǨǢǣǟǢǕǧǨǥǕǠDZǢǣǘǣǟǕǡǢǴ
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䖛⿟Ң⚻ࠊࠄ䴶ᵓⱘ᳔ৢ䇗ᭈ䖛⿟4EPEGI+VIW⫋ⷪᰃ㒃ॳ
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TVIWXE^MSREPMHIPQMKPMSVIKVIWTSVGIPPEREXSIRIPPE½RMXYVEREXYVEPIP´EPXSPMZIPPSHMVIWMWXIR^EEPPSWGMZSPEQIRXS6
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WYVJEGIWSJXLIEFWSPYXIUYEPMX]SJ4EPEGI7XSRIQIERMRKXLI
SYXWXERHMRKTIVJSVQERGISJXLIFIWXTSVGIPEMRXMPIWERHMRXLI
REXYVEP½RMWLELMKLPIZIPSJWPMTVIWMWXERGI6
8LMWQEOIWXLIPEVKIWXWM^IMRXLIPMRITEVXMGYPEVP]WYMXEFPIIZIR
JSVSYXHSSVEVIEWPEVKIXIVVEGIWZIVERHEWERHTEXLWXLIMHIEP
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0%0-&)68%(1Å7+6%2()4%6%(-7)g%6
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WYTIV½GMIWPEKVERGEPMHEHHI4EPEGI7XSRISPSUYIIWPSQMWQS
PEWI\GIPIRXIWTVIWXEGMSRIWHIPQINSVKVIWTSVGIPjRMGS]IRIP
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IWPEMRXVSHYGGMzRMHIEPEPIWXMPS:IVWEGI,SQI
463.)87)28398)0-&)68f
0IWHEPPIWEYJSVQEXQE\MHI\GQLEFMPPIRXPIWKVERHIW
WYVJEGIWHIPEUYEPMXqEFWSPYIHI4EPEGI7XSRIIRH´EYXVIWXIVQIW
IPPIWPIYVGSRJrVIRXPIWTPYWLEYXIWTIVJSVQERGIWH´YRKVrWGqVEQI
H´YRIUYEPMXqYRMUYIIXHERWPE½RMXMSRREXYVIPPIYRLEYXHIKVq
HIVqWMWXERGIkPEKPMWWERGI6
0I TPYW KVERH JSVQEX HI PE PMKRI W´EZrVI HSRG MHqEP TSYV PIW
IRZMVSRRIQIRXWI\XIVRIWKVERHIWXIVVEWWIWTSVXMUYIWIXEPPqIW
PITVqPYHIMHqEPHYWX]PI:IVWEGI,SQI
ǭǝǥǣǬǕǞǭǕǴǦǗǣǖǣǙǕǤǥǣǚǟǧǝǥǣǗǕǢǝǴ
Ǥ Ǡǝǧǰ ǡǕǟǦǝ ǩǣǥǡǕǧǕ ; Ǧǡ ǤǥǝǙǕdzǧ ǖǣǠDZǭǝǡ
ǤǣǗǚǥǪǢǣǦǧǴǡ ǕǖǦǣǠdzǧǢǣǚ ǟǕǬǚǦǧǗǣ3$/$&(6721( ǧǣ ǚǦǧDZ
ǣǧǠǝǬǢǰǚ DzǟǦǤǠǨǕǧǕǫǝǣǢǢǰǚ ǪǕǥǕǟǧǚǥǝǦǧǝǟǝ ǢǕǝǠǨǬǭǚǘǣ
ǟǚǥǕǡǣǘǥǕǢǝǧǕ ǝ Ǘ ǦǠǨǬǕǚ ǗǰǖǣǥǕ ǢǕǧǨǥǕǠDZǢǣǞ ǣǧǙǚǠǟǝ
ǧǕǟǛǚǝǗǰǦǣǟǝǞǨǥǣǗǚǢDZǦǣǤǥǣǧǝǗǠǚǢǝǴǦǟǣǠDZǛǚǢǝdz5
ǧ Ǖǟǝǡ ǣǖǥǕǜǣǡ ǦǕǡǰǞ ǟǥǨǤǢǰǞ ǩǣǥǡǕǧ DzǧǣǞ ǠǝǢǝǝ
ǣǖǢǕǥǨǛǝǗǕǚǧǦǤǚǫǝǕǠDZǢǣǚǤǥǝǜǗǕǢǝǚǙǠǴǣǩǣǥǡǠǚǢǝǴǧǕǟǝǪ
ǢǕǥǨǛǢǰǪ ǤǥǣǦǧǥǕǢǦǧǗ ǟǕǟ ǤǥǣǦǧǣǥǢǰǚ ǧǚǥǥǕǦǰ ǕǥǟǕǙǰ ǝ
ǙǣǥǣǛǟǝǴǗǠǴǴǦDZǝǙǚǕǠDZǢǣǞǤǥǚǠdzǙǝǚǞǟǦǧǝǠdz9(56$&(+20(
1%<-1%0)40%292+7*6)-,)-8
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5YEPMXmXZSR4EPEGI7XSRIEYJ+VSŠ¾mGLIRRmQPMGLHMISTXMQEPIR
0IMWXYRKIRHIWFIWXIR7XIMR^IYKWYRHMRHIVREX‚VPMGLIR%YWJ‚LVYRK
HIRLSLIR6YXWGLJIWXMKOIMXW[IVX6
(EWKV}ŠXI*SVQEXHIV4VSHYOXPMRMISJJIRFEVXWMGLHEQMXEPWFIWSRHIVW
KIIMKRIXJ‚V%YŠIRFIVIMGLIKVSŠI8IVVEWWIR0EYFIRKmRKIYRH
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໻䴆ৄˈ䰇ৄ੠䍄䘧ℷᰃ㣗ᗱ૆9HUVDFH ᆊሙ亢Ḑ᳔⧚
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2EXYVEPI YRE WYTIV½GMI WIRWMFMPQIRXI WXVYXXYVEXE GLI VMGLMEQE PE XMTMGE VYKSWMXk HIPPE TMIXVE REXYVEPI 5YIWXE
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TIVPETSWEMRIWXIVRS
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PIKKIVSGLIPIQSPIXSGGERSWSPSPEGMQEHIPPEWXVYXXYVEWYTIV½GMEPIPEWGMERHSMREPXIVEXSMPVIWXS-VM¾IWWMTVSHSXXM
HEPPITMGGSPIEVIIPYGMHEXIGVIERSYRTMEGIZSPIIJJIXXSZMWMZSHIPMGEXSIHIPIKERXI
8,)8;34%0%')7832)796*%')7
8LI 4EPEGI 7XSRI GSPPIGXMSR GSQTVMWIW X[S ZEVMERXW [MXL
HMJJIVIRXWYV JEGIJ MRMWLIW
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WXVYGXYVISJREXYVEPWXSRI8LMWJ MRMWLSJJIVWELMKLHIKVII
SJWPMTVIWMWXERGI6QEOMRKMXTEV XMGYPEVP]WYMXEFPIJSV
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MWTSPMWLIHWSPMKLXP]XLEXXLIEFVEWMZI[LIIPWSRP]XSYGLXLI
XMTSJXLIWYV JEGIWXVYGXYVIPIEZMRKXLIVIWXYRGLERKIH8LI
KPMRXWSJPMKLXVIJ PIGXIHJVSQXLIWQEPPTSPMWLIHEVIEWGVIEXI
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(-)>;)-3&)6*0c',)2:324%0%')7832)
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X]TMWGLI6EYLIMXHIV2EXYVWXIMRIIVMRRIVX(MIWI3FIVJ PmGLI
^IMGLRIXWMGLHYVGLMLVIRKILSFIRIR6YXWGLLIQQYRKW[IVX
EYW 6 YRH MWX HEHYVGL EYGL J ‚V HMI :IV PIKYRK MR
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0 I M G L X E Q T S P M I V X & I M H M I W I V V E J J M R M I V X I R
3FIVJ PmGLIRFIEVFIMXYRK[MVHNIHI*PMIWIWSPIMGLXERTSPMIVX
HEWWHMI7GLPIMJWGLIMFIRHEFIMHMI3FIV J PmGLIRWXVYOXYVRYV
ER HIV 7TMX^I FIV‚LVIR YRH HIR 6IWX YRZIVmRHIVX PEWWIR
(MIHYVGLHMIOPIMRIRTSPMIVXIR>SRIRIRXWXILIRHIR6IJ PI\I
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EPEXuTMGEVYKSWMHEHHIPETMIHVEREXYVEP)WXIEGEFEHSWI
GEVEGXIVM^ETSVWIVEPXEQIRXIERXMHIWPM^ERXIRMZIP6TSV
PSGYEPXEQFMqRIWXjIWTIGMEPQIRXIMRHMGEHSTEVEI\XIVMSVIW
4YPMHSIR±'VIWXE²GSRIWXIVIJMREHSXVEXEQMIRXSHIEGEFEHS
GEHEFEPHSWEWITYPIHIQERIVEXERWYEZIUYIPEWQYIPEW
XSGERETIREWPE±GMQE²HIPEIWXVYGXYVEWYTIVJMGMEPHINERHSIP
VIWXSMREPXIVEHS0SWVIJPINSWTVSHYGMHSWTSVPEWTIUYIyEW^SREW
TYPMHEWGVIERYREKVEHEFPIIJIGXSIWXqXMGSHIPMGEHS]IPIKERXI
ǙǗǚǤǣǗǚǥǪǢǣǦǧǝ4%0%')7832)
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ǥǕǜǠǝǬǢǣǞǣǧǙǚǠǟǣǞǤǣǗǚǥǪǢǣǦǧǝ
ǢǕǧǨǥǕǠDZǢǕǴǜǢǕǬǝǧǚǠDZǢǣǦǧǥǨǟǧǨǥǝǥǣǗǕǢǢǕǴǤǣǗǚǥǪǢǣǦǧDZ
ǦǗǣǚǞǭǚǥǣǪǣǗǕǧǣǦǧDZdzǢǕǤǣǡǝǢǕdzǮǕǴǢǕǧǨǥǕǠDZǢǰǞǟǕǡǚǢDZ
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ǦǟǣǠDZǛǚǢǝdz5ǗǦǗǴǜǝǦǬǚǡǤǠǝǧǟǕǣǦǣǖǚǢǢǣǤǣǙǪǣǙǝǧ
ǙǠǴǨǟǠǕǙǟǝǦǢǕǥǨǛǝǜǙǕǢǝǞ
ǤǣǠǨǤǣǠǝǥǣǗǕǢǢǕǴ Dzǧǣ ǝǜǰǦǟǕǢǢǰǞ ǗǝǙ ǣǧǙǚǠǟǝ Ǥǥǝ
ǟǣǧǣǥǣǡǟǕǛǙǕǴǤǠǝǧǟǕǤǣǠǝǥǨǚǧǦǴǧǕǟǬǧǣǭǠǝǩǣǗǕǠDZǢǰǞ
ǟǥǨǘ ǚǙǗǕ ǟǕǦǕǚǧǦǴ ǚǚ ǤǣǗǚǥǪǢǣǦǧǝ ǦǠǚǘǟǕ ǦǧǕǬǝǗǕǴ ǠǝǭDZ
ǗǰǦǧǨǤǕdzǮǝǚ ǢǚǥǣǗǢǣǦǧǝ ǗǚǥǪǢǚǘǣ ǦǠǣǴ ǝ ǣǦǧǕǗǠǴǴ ǗǦǚ
ǣǦǧǕǠDZǢǣǚ Ǘ ǢǚǝǜǡǚǢǢǣǡ ǗǝǙǚ ǖ Ǡǝǟǝ ǤǥǣǝǜǗǣǙǝǡǰǚ
ǢǚǖǣǠDZǭǝǡǝǣǧǤǣǠǝǥǣǗǕǢǢǰǡǝǨǬǕǦǧǟǕǡǝǦǣǜǙǕdzǧǤǥǝǴǧǢǰǞ
ǗǝǜǨǕǠDZǢǰǞDzǩǩǚǟǧǝǦǤǣǠǢǚǢǢǰǞǢǚǛǢǣǦǧǝǝDzǠǚǘǕǢǧǢǣǦǧǝ
0)7()9<796*%')7()4%0%')7832)
0EGSPPIGXMSR4EPEGI7XSRITVqWIRXIHIY\ZEVMERXIWHIJ MRMXMSR
HIWYV JEGI
2EXYVIPPIYRIWYV JEGIPqKrVIQIRXWXVYGXYVqIUYMVETTIPPI
PE VYKSWMXq TVSTVI k PE TMIVVI REXYVIPPI 'IXXI J MRMXMSR WI
GEVEGXqVMWITEVYRLEYXHIKVqHIVqWMWXERGIkPEKPMWWERGI
6TEVGSRWqUYIRXTEV XMGYPMIVIQIRXMRHMUYqIkPETSWI
IRI\XqVMIYV
7IQMTSPMIIRWYV JEGIHERWGIXXIJ MRMXMSRVEJJ MRqIGLEUYI
GEVVIEY IWX WSYQMW k YR TSPMWWEKI XIPPIQIRX PqKIV UYI PIW
QIYPIW IJ J PIYVIRX k TIMRI PE WXVYGXYVI WYTIV J MGMIPPI WERW
IRXEQIVPIGEVVIEY0IWVIJPIXWTVSHYMXWTEVPIWTIXMXIWWYVJEGIW
FVMPPERXIWGVqIRXYRIJJIXZMWYIPEKVqEFPIHqPMGEXIXqPqKERX
4%0%')7832)ⷪᵓⱘϸ⾡㸼䴶
4EPEGI7XSRIḋᓣḍ᥂݊ϡৠⱘ㊒ࡴᎹৃҹ䗝ᢽϸ⾡㸼䴶
໽✊Ϣ㒧ᵘ↨䕗ヺড়ⱘ㸼䴶㉏Ԑ໽✊⷇༈ϔḋᏺⲅ
㒍ⱘ䖭⾡㸼䴶ⱘᡫ⒥⿟ᑺᕜ催5 ಴ℸ䗖ড়㺙೼
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0 %386 %'%6 %
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ǧǕǟǛǚ ǝ ǣǖǥǕǧǢǕǴ ǦǧǣǥǣǢǕ ǤǠǝǧǟǝ4EPEGI7XSRI ǣǧǡǚǬǚǢǕ
ǢǚǤǣǗǧǣǥǝǡǰǡǖǠǕǘǣǥǣǙǦǧǗǣǡǦǧǝǠǴ:IVWEGI,SQI
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ǦǣǖǥǕǧǢǣǞǦǧǣǥǣǢǰǟǕǛǙǣǞǤǠǝǧǟǝDzǧǣǞǢǣǗǣǞǟǣǠǠǚǟǫǝǝ
ǢǚǤǣǦǥǚǙǦǧǗǚǢǢǣ Ǘ ǟǚǥǕǡǝǬǚǦǟǣǡ ǡǕǧǚǥǝǕǠǚ ǗǰǥǚǜǕǢ
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䖭ḋৃҹ䰆⊏䴲⊩ⱘⲫ⠜⦄䈵
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P´ETTPMGE^MSRIHMTVI^MSWIQEXIVMIHIGSVEXMZIKPMMRXEVWMIMQSWEMGMSERGSVEPIPEZSVE^MSRMGLIVMTVSHYGSRS
PEFIPPI^^EIMPHIXXEKPMSHIPFEWWSVMPMIZS
2SXIZSPI TIV P´IJJIXXS SXXIRYXS r P´EGGSWXEQIRXS HIPPE GIVEQMGE EP QIXEPPS 0I FEGGLIXXI MR EPPYQMRMS
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WYTIVJMGMGLIETTSWMXEQIRXIWEKSQEXITIVP´YXMPM^^SWTIGMJMGSGSQIGSTVMWTMKSPS
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HIZIPSTIHXLVSYKLXLII\TIVMIRGISJXLI+EVHIRME3VGLMHIE+VSYT
8LI4EPEGIWPEFWS[IXLIMVFIEYX]XSI\GPYWMZI½RMWLMRKTVSGIHYVIW
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3RIWXVMOMRKXIGLRMUYIMWXSGSQFMRIXLITSVGIPEMR[MXLVSHWSJ
TSPMWLIHEPYQMRMYQEPWSEZEMPEFPI[MXLFVSR^ISVFVEWW½RMWL
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ERHWMQTPMJ]MRKXLIPE]MRKSJQEXIVMEPW
(-)()/36%8-32-781%8)6-)496
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%YWV‚WXYRKIR FIEVFIMXIX HMI HEW )VKIFRMW HIV )VJELVYRK HIV
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4Vm^MWMSRYRHIVPIMGLXIVRHMI:IVPIKYRKHIV1EXIVMEPMIR
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MRGPYWSPSWXVEXEQMIRXSWUYIVITVSHYGIRPEFIPPI^E]IPHIXEPPIHIP
FENSVVIPMIZI(IWXEGEFPITSVIPIJIGXSSFXIRMHSPEGSQFMREGMzRHI
PEGIVjQMGEGSRPEWFEVVEWHIEPYQMRMSTYPMHSIWXjRHMWTSRMFPIW
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GSPSGEGMzRHIPSWQEXIVMEPIW
ǙǚǟǣǥǕǧǝǗǢǰǚ DzǠǚǡǚǢǧǰ ² Dzǧǣ ǡǕǧǚǥǝǴ Ǘ
ǬǝǦǧǣǡǗǝǙǚǦǢǕǦǚǬǟǕǡǝǝǘǥǕǗǝǥǣǗǟǣǞ
Ǥ ǣ Ǡ ǝ ǥ ǣ Ǘ ǟ ǣ Ǟ ǖ Ǖ ǥ ǚ Ǡ DZ ǚ ǩ Ǖ ǡ ǝ ǝ Ǡ ǝ Ǧ
ǙǣǤǣǠǢǚǢǝǴǡǝ ǝǜ ǫǚǢǢǰǪ ǣǧǙǚǠǣǬǢǰǪ
ǡǕǧǚǥǝǕǠǣǗ
ǦǤǚǫǝǕǠǝǦǧǰǥǚǡǚǦǠǚǢǢǝǟǝ ǣǧǙǚǠǰǗǕdzǧ ǟǕǛǙǨdz ǙǚǧǕǠDZ
Ǧ ǤǣǡǣǮDZdz ǣǖǣǥǨǙǣǗǕǢǝǴ ǟǣǧǣǥǣǚ ǴǗǠǴǚǧǦǴ ǥǚǜǨǠDZǧǕǧǣǡ
ǣǤǰǧǕǢǕǟǣǤǠǚǢǢǣǘǣǘǥǨǤǤǣǞ+EVHIRME3VGLMHIE
ǤǠǝǧǟǕ 4EPEGI ǙǣǤǣǠǢǚǢǕ DzǟǦǟǠdzǜǝǗǢǰǡǝ ǣǧǙǚǠǣǬǢǰǡǝ
DzǠǚǡǚǢǧǕǡǝ Dzǧǣ ǝ ǕǤǤǠǝǟǕǫǝǝ ǝǜ ǫǚǢǢǰǪ ǙǚǟǣǥǕǧǝǗǢǰǪ
ǡǕǧǚǥǝǕǠǣǗ ǝ ǝǢǧǕǥǦǝǴ ǝ ǡǣǜǕǝǟǕ ǝ ǣǖǥǕǖǣǧǟǕ ǗǣǦǤǥǣǝǜǗǣǙǴǮǕǴǟǥǕǦǣǧǨǝǩǥǕǘǡǚǢǧǰǖǕǥǚǠDZǚǩǕ
ǢǚǣǖǰǬǢǰǞDzǩǩǚǟǧǦǣǜǙǕǚǧǦǣǬǚǧǕǢǝǚǟǚǥǕǡǝǟǝǦǤǠǕǢǟǕǡǝǝǜ
ǤǣǠǝǥǣǗǕǢǢǣǘǣǕǠdzǡǝǢǝǴǝǡǚdzǮǝǡǝǦǴǧǕǟǛǚǗǝǦǤǣǠǢǚǢǝǝ
ǦǣǧǙǚǠǟǣǞǤǣǙǖǥǣǢǜǨǝǠǝǠǕǧǨǢDZ
ǡǣǢǧǕǛ ǡǣǜǕǝǟǝ ǢǕ Ǧǚǧǟǚ ǘǕǥǕǢǧǝǥǨǚǧ ǣǙǢǣǥǣǙǢǣǦǧDZ ǝ
ǧǣǬǢǣǦǧDZǕǧǕǟǛǚǨǤǥǣǮǕǚǧǨǟǠǕǙǟǨǡǕǧǚǥǝǕǠǣǗ
㒃ॳ᭭ᗻ㺙佄ߦ⮩ࠏॄ⺼‫ܝ‬Ԣ⍂䲩៪⫼㊒㒚ࡴᎹⱘ䌉
䞡ॳ᭭Ў㺙佄
↣ᓴⷪᵓ⬅ϔ㒘ϧϮⱘ᠟Ꮉ㡎ҎࡴᎹⱘՓ⫼ⱘ䆒໛䛑ᰃ
+EVHIRME3VGLMHIE䲚ಶⱘ䭓ᳳ㒣偠ⱘ៤ᵰ4EPEGIⷪᵓ⫼⡍
⅞ⱘ㊒ࡴᎹЎ㺙佄䈵䌈Ϟⱘ䌉䞡㺙佄ᴤ᭭䭊ጠ੠偀า‫ܟ‬
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⫋ⷪ䜡ড়⺼‫ⱘܝ‬䪱ᴚ‫݋‬᳝ᰒ㨫ⱘᬜᵰ䖬ৃҹᦤկᏺ䪰៪咘
䪰ⱘ㊒ࡴᎹⱘ⫋ⷪ
㔥ᓣᅝ㺙ᮍᓣⱘ偀䌯‫ⱘܟ‬㺙佄ֱ䆕ࡴᎹⱘ䖛⿟ഛࣔঞ‫⹂ޚ‬
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HMGMXYVIVMTSV XEXIEJ MERGSWSRSGSQYRUYIVMJIVMXIEPRYQIVSHMTI^^MRIGIWWEVMSTIVVMZIWXMVIYRQIXVSPMRIEVI
HMTEVIXIGSQIHMGSRWYIXYHMRI
*SVKVETLMGVIUYMVIQIRXWXLIHVE[MRKWWLS[NYWXEGQWPSRK
TSVXMSR SJ XLI [LSPI MRWXEPPEXMSR TEXXIVR 8LI HIWGVMTXMSRW UYSXIH
SRXLIWMHIEVIVIPIZERXXSXLIRYQFIVSJTMIGIWRIIHIHXSXMPISRI
PMRIEVQIXIV[EPPEWYWYEP
4SV RIGIWMHEH HI MQTVIWMzR PSW HMWIySW ZMWYEPM^ER WMQTPIQIRXI
YRETSVGMzRHIGQWHIERGLSHIPIWUYIQEHIGSPSGEGMzR0EW
HIWGVMTGMzRIW E PEHS WI VI½IVIR HI XSHE JSVQE E PE XSXEPMHEH HI
PEWTMI^EWRIGIWEVMEWTEVEGLETEVYRQIXVSPMRIEVHITEVIHGSQS
HIGSWXYQFVI
4SYVHIWVEMWSRWKVETLMUYIWPIWHIWWMRWZMWYEPMWIRXWIYPIQIRXYRITEVX
HIGQHIPSRKYIYVHYTPERHITSWI0IWPqKIRHIWUYMWIXVSYZIRX
kG|XqWIVqJrVIRXXSYXIJSMWEYRSQFVIHIWTMrGIWRIGIWWEMVIWTSYV
VIGSYZVMVGSQQIH´LEFMXYHIYRQrXVIPMRIEMVIHITEVSM
%YJ+VYRHHIVKVETLMWGLIR(EVWXIPPYRK^IMKIRHMI&MPHIVRYVIMRIR8IMP
HIW:IVPIKYRRWFIMWTMIPIW(MI&IWLVMJXYRKIRFI^MILIRWMGLEYJNIHIR*EPP
EYJHMI7X‚GOIQIRKIHMIRSX[IRHMKWMRHYQIMR0EYJQIXIV^Y¾MIWIR
ǤǣǘǥǕǩǝǬǚǦǟǝǡǢǚǣǖǪǣǙǝǡǣǦǧǴǡǢǕǬǚǥǧǚǛǕǪǝǜǣǖǥǕǛǕǚǧǦǴǠǝǭDZ
෎ѢॄࠋϞⱘ䰤ࠊˈ䆒䅵೒ᰒ⼎ⱘাᰃ䚼ߚⱘ䫎䆒ᬜᵰ ໻ὖ
ⳌᔧѢ६㉇ⱘ䫎䆒䭓ᑺDŽԚབᛃᐌϔḋ ೼䆒䅵೒ᮕ᳝ᦤ
կ䫎䆒ϔ㉇䭓ⱘ๭ຕ᠔䳔ⱘ䱊⫋ⷪพ᭄䞣DŽ
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%
(1A)
(2A)
1. pz/mq 12.88 fondo chiaro 19.7x39.4
1. pz/mq 6.44 fondo chiaro
39.4x39.4
2. pz/ml 2.54 matita metallo
0.5x79
3. pz/ml 2.54 fascia greca
rilievo scura 9.8x39.4
4. pz/mq 12.88 fondo chiaro
19.7x39.4
PEZZI PER COMPOSIZIONE
2. pz 3 – matita metallo 1x79
3. pz 9 – mosaico listoni scuro 39.4x39.4
4. pz 6 – fascia greca rilievo chiara 19.7x39.4
5. pz 3 – matita metallo 0.5 x 79
6. pz 6 – fondo chiaro 39.4 x 39.4
%
1 2
3
4
3 5
6
,GQ
%
%
%
EQFMIRXI[LMXIFPEGO
1 2 2
3
4
&
(1B)
1. pz/mq 6.44 fondo scuro 39.4x39.4
&
&
1 23
4
4
5 6 5
PEZZI PER COMPOSIZIONE
2. pz 3.5 – matita metallo 1x79
3. pz 7 fascia rilievo scura 3.2x39.4
4. pz 14 – mosaico 144 mod. chiaro
39.4x39.4
5. pz 7 – matita metallo 0.5x79
6. pz 7 – fascia greca rilievo scura
19.7x39.4
4
(2B)
,GQ
1. pz/mq 12.88 fondo scuro
19.7x39.4
2. pz/ml 2.54 fascia greca rilievo
chiara 19.7x39.4
3. pz/mq 6.44 fondo chiaro 39.4x39.4
&
1
2
3
&
EQFMIRXI[LMXIFPEGO
'
(1C)
'
'
1
3
2
PEZZI AL ML.
1. pz/ml 2.54 torello chiaro 4.5x39.4
2. pz/ml 5.08 matita metallo 0.5x79
3. pz/ml 2.54 fascia greca scura
3.2x39.4
4. pz/ml 16.50 fondo chiaro
19.7x39.4
5. pz/ml 2.54 fascia scura 9,8x39.4
6. pz/ml 10.16 fondo scuro 19.7x39.4
7. pz/ml 1.27 matita metallo 1x79
2
(2C)
1. pz/mq 6.44 fondo scuro 39.4x39.4
2. pz/ml 2.54 matita metallo 1x79
3. pz/ml 2.54 fascia 9.8x39.4
3a. ogni angolo n° 1 pz tozzetto
medusa scura 9.8x9.8
4. pz/mq 12.88 fondo chiaro
19.7x39.4
,GQ
4
2
2
5
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1
6
2
2
4
7
4
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EQFMIRXISVSEPQSRH
3
3a
(
(
(
1
2
3
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(
1a
4
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1
2
5
6
(
1
2
(
2
(
1
3
3
3
4
5
5
(1D)
(
PEZZI AL ML.
1. pz/ml 2.54 – torello moderno scuro
4x39.4
2. pz/ml 2.54 – fascia greca rilievo chiara
9.8x39.4
3. pz/ml 1.26 – matita metallo 0.5x79
4. pz/ml 5.08 – mosaico 144 mod. chiaro
39.4x39.4
5. pz/ml 1.26 – matita metallo 1x79
6. pz/ml 2.54 – fondo scuro 39.54x39.4
(4D)
PEZZI AL ML.
1. pz/ml 2.54 fascia cornice rilievo
scura 19.7x39.4
1a. ogni angolo n° 1 pz angolo
cornice rilievo scura 19.7x19.7
2. pz/mq 6.44 fondo scuro 39.4x39.4
(2D)
(3D)
PEZZI AL ML.
1. pz/ml 2.54 torello gradino scuro
4.2x39.4
2. pz/ml 0.42 mosaico chiaro 144 mod.
39.4x39.4
3. pz/ml 2.54 matita metallo 0.5x79
4. pz/ml 2.54 fascia rilievo scura 3.2x39.4
5. pz/mq 6.44 mosaico 576 mod. 39.4x39.4
PEZZI AL ML.
1. pz/ml 2.54 torello gradino scuro
4.2x39.4
2. pz/ml 2.54 fondo scuro 19.7x39.4
3. pz/ml 2.54 fascia rilievo chiara
19.7x39.4
4. pz/mq 6.44 fondo chiaro 39.4x39.4
EQFMIRXI[LMXIFPEGO
)
(1E)
1. pz/mq 6.44 fondo chiaro 39.4x39.4
2. pz/ml 0.32 mosaico 576 mod. scuro
39.4x39.4
3. pz/ml 2.54 fascia 9.8x39.4
4. pz/mq 6.44 fondo 39.4x39.4
5. pz/ml 2.54 greca piccola rilievo nat.
3.2x39.4
6. pz/ml 2.54 davanzale sgocciolatoio
6.5x6.5x39.4
7. pz/mq 6.44 fondo nat. 39.4x39.4
8. pz/ml 0.64 mosaico chiaro 576 mod.
39.4x39.4
9. pz/ml 2.54 greca rilievo nat. 9.8x39.4
10. pz/mq 12.88 fondo scuro nat.
19.7x39.4
)
1
(2E)
2
3
2
1. pz/mq 6.44 fondo scuro 39.4x39.4
2. pz/ml 2.54 greca piccola rilievo 3.2x39.4
3. pz/mq 6.44 mosaico chesterfield
39.4x39.4
4
)
5
6
)
)
3
7
8
9
8
2
1
10
EQFMIRXI[LMXIFPEGO
*
(1F)
1.
2.
3.
4.
5.
6.
7.
pz/mq 12.88 fondo scuro 19.7x39.4
pz/ml 1.49 mosaico 144 mod. scuro 39.4x39.4
pz/ml 5.08 greca piccola rilievo 3.2x39.4
pz/ml 2.54 fondo chiaro 19.7x39.4
pz/ml 2.54 fondo scuro 39.4x39.4
pz/ml 2.54 greca rilievo scura 9.8x39.4
pz/mq 12.88 fondo chiaro 19.7x39.4
(2F)
*
1. pz/mq 12.88 fondo scuro 19.7x39.4
2. pz/ml 2.54 matita metallo 0.5x79
3. pz/ml 0.32 mosaico scuro 576 mod. 39.4x39.4
4. pz/ml 2.54 fascia greca chiara 9.8x39.4
4a. ogni angolo n° 1 pz. Tozzetto medusa
chiara 9.8x9.8
5. pz/ml 0.21 mosaico chiaro 144 mod.
39.4x39.4
6. pz/mq 6.44 fondo chiaro 39.4x39.4
1
2
3
4
3
2
*
1
5
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4a
3
2
6
2
2
7
*
6
EQFMIRXIFIMKIEPQSRH
2 4
5
+
+
1
+
2
(G)
PEZZI AL ML.
1. pz/ml 5.08 fascia greca 19,7x39,4
2. pz/ml 2.54 fondo 39,4x78,9
EQFMIRXI[LMXI
,
,
1
2
4
3
6
3
5
(H)
1.
2.
3.
4.
5.
6.
pz/mq 6.44 fondo 19.7x78.9
pz/ml 2.54 fascia greca 3.2x39.4
pz/ml 5.08 profilo metallo 0.5x79
pz/ml 0,84 mosaico 576 mod. 39.4x39.4
pz/ml 2.54 fascia greca 9.8x39.4
pz/mq 3.22 fondo 39.4x78.9
,
EQFMIRXIFPEGO
-
-
2A
3
1
2
(I)
1.
2.
2A.
3.
pz/mq 6.44 fondo 19.7x78.9
pz/ml 2.54 fascia greca 19.7x39.4
ogni angolo pz. 1 - angolo greca 19,7x19,7
pz/mq 3.22 fondo 39.4x78.9
EQFMIRXISVS
0
0
1
2a
2
3
0
(L)
1. pz/mq 6.44 fondo nat. 39.4x39.4
2. pz/ml 2.54 fascia greca rilievo nat. 19.7x39.4
2a. ogni angolo pz. 1 angolo fascia greca rilievo nat. 19.7x19.7
3. pz/mq 12.88 fondo nat. 19.7x39.4
EQFMIRXI[LMXI
1
1
1
2
3
2
4
1
1
(M)
1.
2.
3.
4.
pz/mq 6.44 fondo nat. 39.4x39.4
pz/ml 5.08 fascia greca piccola rilievo nat. 3.2x39.4
pz/ml 5.08 fondo nat. 19.7x39.4
pz/ml 2.54 elemento a L sgocciolatoio 6.5x6.5x39.4
EQFMIRXIFIMKI
2
2
1
3
2
3
2
4
2a
(N)
1. pz/mq 6.44 fondo chiaro nat. 39.4x39.4
2. pz/ml 2.54 fascia greca rilievo scuro nat. 9.8x39.4
2a. ogni angolo n° 3 pz angolo greca rilievo scura nat. 9.8x9.8
3. pz/ml 0.45 mosaico 144 mod. scuro 39.4x39.4
4. pz/mq 6.44 fondo scuro nat. 39.4x39.4
EQFMIRXISVSEPQSRH
3
3
1
3
2
3
4
2a
3
(O)
1. pz/mq 12.88 fondo nat. 19.7x39.4
2. pz/ml 2.54 fascia greca rilievo nat. 19.7x39.4
2a. ogni angolo pz 1 angolo fascia greca rilievo nat. 19.7x19.7
3. pz/ml 0.45 mosaico 144 mod. 39.4x39.4
4. pz/mq 12.88 fondo nat. 19.7x39.4
EQFMIRXIRIVS
'SQTSWM^MSRMGPEWWMGLI
4
5
1
1
2
2
3
4
1. pz/mq 12.88 fondo chiaro nat.
19.7x39.4
2. pz/ml 2.54 davanzale sgocciolatoio
6.5x6.5x39.4
3. pz/ml 2.54 greca piccola rilievo
nat. 3.2x39.4
4. pz/mq 6.44 mosaico 576
mod. scuro 39.4x39.4
1. pz/mq 6.44 fondo nat. 39.4x39.4
2. pz/ml 2.54 fascia greca rilievo
19.7x39.4
EQFMIRXISVS
EQFMIRXIVSWERIVS
6
1
2
1
2
3
4
3
2
2a
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2
6
4
2
3
4
5
5
6
6
BOISERIE PEZZI AL ML.
1. pz/ml 2.54 torello 4.5x19.7
2. pz/ml 7.62 greca piccola rilievo
3.2x39.4
3. pz/ml 3.8 matita metallo 0.5x79
4. pz/ml 1.70 mosaico 144 mod.
39.4x39.4
5. pz/ml 1.26 matita metallo 1x79
6. pz/ml 2.54 fondo 19.7x39.4
EQFMIRXIFIMKIEPQSRH
INIZIO/FINE BOISERIE
1. pz. 1 torello 4.5x19.7
2. pz. 3 greca piccola rilievo 3.2x39.4
2a. pz. 2 tozzetto greca rilievo
3.2x3.2
3. pz. 2 matita metallo 0.5x79
4. pz. 2 mosaico 144 mod. 39.4x39.4
5. pz. 1 matita metallo 1x79
6. pz. 1 fondo 19.7x39.4
7
8
1
1
2
3
2
2
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,GQ
4
3
4
3
5
6
5
6
7
7
PEZZI AL ML.
1. pz/ml 2.54 torello con greca scuro 4x39.4
2. pz/ml 15.24 fondo chiaro 19.7x39.4
3. pz/ml 2.54 matita metallo 0.5x79
4. pz/ml 2.54 fascia 9.8x39.4
5. pz/ml 10.16 fondo scuro 19.7x39.4
6. pz/ml 1.27 matita metallo 1x79
7. pz/ml 2.54 battiscopa 9.8x39.4
PEZZI AL ML.
1. pz/ml 1.27 fondo scuro 19.7x39.4 taglio
2. pz/ml 2.54 matita metallo 0.5x79
3. pz/ml 2.54 fascia greca rilievo scura 3.2x39.4
4. pz/ml 15.24 fondo chiaro 19.7x39.4
5. pz/ml 5.08 torello con greca scuro 4x39.4
6. pz/ml 10.16 fondo scuro 19.7x39.4
7. pz/ml 2.54 battiscopa 9.8x39.4
7FSMWIVMI
8FSMWIVMI
1
,GQ
,GQ
1
2
3
2
4
5
6
2
3
PEZZI AL ML.
1. pz/ml 2.54 torello con greca scuro 4x39.4
2. pz/ml 10.16 fondo 19.7x39.4
3. pz/ml 2.54 battiscopa 9.8x39.4
PEZZI AL ML.
1. pz/ml 2.54 torello con greca scuro 4x39.4
2. pz/ml 2.54 matita metallo 0.5x79
3. pz/ml 2.54 fascia 9.8x39.4
4. pz/ml 10.16 fondo 19.7x39.4
5. pz/ml 1.27 matita metallo 1x79
6. pz/ml 2.54 battiscopa 9.8x39.4
'SQTSWM^MSRMGPEWWMGLI
9
:
'SQTSWM^MSRMGPEWWMGLI
1
2
1
2
3
3
,GQ
,GQ
4
5
2
4
2
6
2
5
7
6
7
8
PEZZI AL ML.
1. pz/ml 2.54 torello con greca scuro 4x39.4
2. pz/ml 3.81 matita metallo 0.5x79
3. pz/ml 15.24 fondo chiaro 19.7x39.4
4. pz/ml 2.54 fascia 9.8x39.4
5. pz/ml 10.16 fondo scuro 19.7x39.4
6. pz/ml 1.27 matita metallo 1x79
7. pz/ml 2.54 battiscopa 9.8x39.4
PEZZI AL ML.
1. pz/ml 1.27 fondo scuro 19.7x39.4 taglio
2. pz/ml 5.08 matita 1x19.7
3. pz/ml 2.54 fascia greca chiara 3.2x39.4
4. pz/ml 12.27 fondo chiaro 19.7x39.4
5. pz/ml 5.08 torello 4.5x19.7
6. pz/ml 2.54 fascia greca chiara 9,8x39.4
7. pz/ml 10.16 fondo scuro 19.7x39.4
8. pz/ml 2.54 battiscopa 9.8x39.4
9FSMWIVMI
:FSMWIVMI
1
2
3
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1
2
3
2
4
4
5
6
5
PEZZI AL ML.
1. pz/ml 5.08 torello 4.5 x 19.7
2. pz/ml 2.54 matita metallo 0.5 x 79
3. pz/ml 2.54 fascia 9.8 x 39.4
4. pz/ml 10.16 fondo 19.7 x 39.4
5. pz/ml 1.27 matita metallo 1 x 79
6. pz/ml 2.54 battiscopa 9.8 x 39.4
PEZZI AL ML.
1. pz/ml 5.08 torello 4.5x19.7
2. pz/ml 2.54 fascia greca chiara 9,8x39.4
3. pz/ml 5.08 matita 1x19.7
4. pz/ml 10.16 fondo 19.7x39.4
5. pz/ml 2.54 battiscopa 9.8x39.4
;
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1
1
2
2
2
3
3
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4
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4
2
5
2
6
3
2
7
5
PEZZI AL ML.
1. pz/ml 2.54 torello con greca 4x39.4
2. pz/ml 2.97 mosaico 144 mod. 39.4x39.4
3. pz/ml 5.08 matita con greca 1x39.4
4. pz/ml 17.78 fondo 19.7x39.4
5. pz/ml 2.54 battiscopa 9.8x39.4
PEZZI AL ML.
1. n° 2.54 torello moderno 4x39.4
2. n° 5.08 matita metallo 0.5x79
3. n° 2.54 fascia greca piccola rilievo 3.2x39.4
4. n° 12.7 fondo chiaro 19.7x39.4
5. n° 2.54 fascia 9.8x39.4
6. n° 3.59 mosaico 144 mod. 39.4x39.4
7. n° 2.54 fascia cornice rilievo 19.7x39.4
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1
1
2
5
2
2
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3
4
6
3
7
2
5
PEZZI AL ML.
1. n° 2.54 torello moderno 4x39.4
2. n° 2.54 matita metallo 0.5x79
5. n° 2.54 fascia 9.8x39.4
6. n° 3.59 mosaico 144 mod. 39.4x39.4
7. n° 2.54 fascia cornice rilievo 19.7x39.4
PEZZI AL ML.
1. pz/ml 2.54 torello con greca 4x39.4
2. pz/ml 1.70 mosaico 144 mod. 39.4x39.4
3. pz/ml 5.08 matita con greca 1x39.4
4. pz/ml 7.62 fondo 19.7x39.4
5. pz/ml 2.54 battiscopa 9.8x39.4
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UYIHIFIQSWTVIWXEVEXIRGMzRIWXjVIPEGMSREHEGSRPEGSPSGEGMzRHIPE^YPINSUYITYIHIIWXEVIWXYHMEHSTEVEIP
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NIHIW4VSHYOXQMXIMRIQ7]QFSPHEWIMRISHIVQILVIVIWTI^M½WGLIR%R[IRHYRKIRIQT½ILPX
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TVIWIRXE^MSRIHMSKRMTVSHSXXS+EVHIRME3VGLMHIE
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ϡࣙᣀᡯ‫ܝ‬ǃⷨ⺼੠᠔᳝䙷ѯ≵᳝ᷛᯢⱘѻકDŽ
produttore autorizzato
ceramica, accessori e complementi d’arredo bagno
Spezzano MO (Italy)
tel +39.0536.849611 • fax +39.0536.849856
www.gardenia.it • www.versacecd.com
e-mail:[email protected]
“All marks created by GIANNI VERSACE S.p.A. Milano, Italy - Trade marks rights reserved to GIANNI VERSACE S.p.A.
Milano and its successors in title”.
Nessuna iniziativa pubblicitaria potrà essere intrapresa se non previamente autorizzata volta per volta e per iscritto
da GIANNI VERSACE S.p.A.
No advertising initiative can be undertaken without previous written authorization given each time
by GIANNI VERSACE S.p.A.
Direzione e coordinamento a cura di: Massimo Bonezzi
Catalogo: Versace Home Palace Stone
Finito di stampare a Bologna nel mese di Giugno 2011 presso Grafiche dell’Artiere s.r.l.,
Via Romagnoli 5/2, 40010 Bentivoglio (Bologna), Italia
Edito da: Ceramiche Gardenia Orchidea S.p.A., Via Canaletto 27, 41042 Spezzano di Fiorano (Modena), Italia
Ia Edizione: Dicembre 2009
Ultima Edizione: Giugno 2011
“La proprietà intellettuale del presente catalogo è riservata per tutti i Paesi. La traduzione, riproduzione,
memorizzazione elettronica e l’adattamento totale o parziale e con qualsiasi mezzo (compresi microfilm e le copie
fotostatiche) dei suoi contenuti comporta la violazione dei diritti di copyright di Ceramiche Gardenia Orchidea S.p.A.
I prodotti raffigurati nelle immagini del presente catalogo sono protetti secondo la normativa vigente in materia
di proprietà industriale.”
“All the intellectual property rights of this catalogue are reserved in all countries. Translation, reproduction in print
or electronic form, and adaptation, in whole or in part, using any means (including microfilm and photocopy formats)
of the contents of the said catalogue constitute a violation of Ceramiche Gardenia Orchidea S.p.A.’s copyright.
The products featured in the photographs in this catalogue are protected by current industrial property legislation.”
• I colori possono risultare falsati dai procedimenti litografici.
• The colours could be altered by the lithographic printing process.
• Les couleurs peuvent résulter faussées par les procédés lithographiques.
• Durch die Lithographie können farbliche Täuschungen entstehen.
• Los colores pueden resultar falseados por los procedimientos litográficos.
•
•
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