The words you are searching are inside this book. To get more targeted content, please make full-text search by clicking here.
Discover the best professional documents and content resources in AnyFlip Document Base.
Search
Published by B&R, 2018-06-05 09:20:47

MP Granna

“œ™™ ” ¡¤£ž–š “œR






















































ZZZ JUDQQD SO
Þº½™×ʱ¤Ú‚ÄĂɌ×½

*U\ L ĀDPLJĀµZNL 'OD PĀRGV]\FK L VWDUV]\FK 3$1 7:$5'2:6.,

1DMOHSV]H SRP\VĀ\ QD VSÛG]DQLH F]DVX s º‚ڏāì™ Yāüà ×Ë·‚ö¬Â Þ¬¢ ö‚ßĬ™ V‚Ä cö‚Ú•ËöÞº¬Ɍ

Z URG]LQQ\P JURQLH 9‚º‰ ×ËÞ悐 æüà ڂā™Ã ×ÚāüŽÚ‚ āĂÄü ā‚Ú˕ā¬™·Ɇ Þā½‚©¬‚ ā Žê·Ä‰ ŽÚ˕‰
āü ÃËĄ™ •êÃę¤Ë ׂĂ ā £‚·º‰ɍ ]×Ú̎귏¬™ ā‚ׂ cö‚Ú•ËöÞº¬™¤Ëɇ ‚½™
êö‚Ą‚·¬™Ɇ Ă·ÞÂüÄĬ™·Þāü ¤ Ž¢•ā¬™ ×Ú̎Ëö‚ öüö¬™ß s‚Þ ö ×˽™ɉ
&ڂÄÄ¢ ā‚ÂËĄü½¬ßÃü ö ǽȅȅǽ Ú˺êɌ sÞāüÞ溬™ ×Úā™•Ã¬Ëæü ×Úāü×ËìĂÂü öÌöā‚Þ ºê½æËö™
•ā¬Þ¬‚· ¬ºËÄü VY=ɬêɌ üÂü Žêڙɇ Äê•Ä™ ¬ Žü½™ ·‚º¬™Ɍ ©¬™½¬ßÃü ×Ú˕êºËö‚ ¤Úü ¬ ā‚Ž‚öº¬ ‚•Ä™ɇ ODW RV PLQ
ޙÄÞËöĬ™ ×ËÃüß½‚Ä™ ¬ •ËŽÚā™ öüºËĂę ɬ 悺¬™ ·‚º¬© Þā꺂½¬ßÃü •½‚ ĂÞāü© •ā¬™¬Ɍ
c™· ×ËÞæ‚ö¬™ ·™Þæ™ßÃü ö¬™ÚĬ •Ë •ā¬Þ¬‚·Ɍ
D
D‚Þ‚Þāüà ×Úā™ŽË·™Ãɇ ©¬æ™Ãɇ ā ºæÌÚüà Ĭ™ ÃËĄ™ Þ¬¢ ÚÌöÐ Ĭ ¬Äę¤Ë ·™Þæ ]êיڣ‚ÚÃ™Ú ɬ ¤Ú‚
ā‚×ÚË·™ºæËö‚Ä‚ ö ā‚Þ¬™ .. öË·Äü ßö¬‚æËö™· ×Úā™ā ×ÚË£Ɍ ;‚Ú˽‚ ËÚÞ꺂 ɚöÌöā‚Þ ×˕ Ăāö‰ 6=.2ÿ$ 0$*•:
+˕Ëö½‚ ~ö¬™Úā‰æ™ºɛɌ ËÚËÞÂË ×¬™ÚöÞā™ ×˺˽™Ä¬™ öü©Ëö‚Ä™ Ă ]êיڣ‚ÚÙÚā™ɇ ºê×귉 &ڂā™ ö¬™½‚·‰ Þ¬¢ ö êāĬÌö ö ]āºË¢ C‚¤ÌöɌ ~Ž½¬Ą‚ Þ¬¢ ö¬™½º¬ æêÚĬ™·
•ā¬Þ¬‚· æ¢ ¤Ú¢ •½‚ Þöˬ© •ā¬™¬Ɍ ā‚º½¢Ɍ V˕ā‚Þ ¤¬āę¤Ë ×Ë·™•üÄºê ½¬āü Þ¬¢ Ž¢•ā¬™ ڙĉ™ºÞɇ ÞāüŽºËߐ
ÚāꏂĬ‚ ā‚ÚÌö ¬ ê왷¢æę öüāꏬ™ ā‚ÞêɌ ]āºË‚ C‚¤Ìö æË öü·‰æºËö‚
]×ÚËö‚•ā‚Ãü æ™Ą •Ë V˽޺¬ êºÂ‚•‚ĺ¬ Ž™½¤¬·Þº¬™· ĈÚÃü ]ÂÚæ &‚Ã™Þ ɬ ¤™Ä¬‚½Ä™ ‚ì¤ÂÌöº¬ ¤Ú‚ ºËߏ¬‚Ä‚ɇ ö ºæÌڙ· ×Ë·™•üęº ×Ë좕āü ¤Ú‚ā‚ì æˏāü Þ¬¢ ö ā‚Þ¬™
Ë ÚÌĄÄü© ×Ëā¬Ë© æÚê•ÄËߏ¬ ɬ āĂºËìæ™ɇ ·™•üę ö Þöˬà Ú˕ā‚·ê ö¬ā™Ä¬‚ ½Ë¤¬āę Úā™āüö¬ÞæüÃɌ JׂÄê· Þā™ß Ąüö¬ËÂÌö ¬ āËÞæ‚Å Ă·×Ëæ¢ĄÄ¬™·ÞāüÃ
悺 •½‚ •ā¬™¬ɇ ·‚º ¬ •½‚ •ËÚËÞÂü© ā‚Ú˕ā¬™·™Ã ·‚º¬™¤Ë ö¬•ā¬‚ ßö¬‚æɉ

D
D‚Þ‚Þā™ ×Ú˕êºæü ËæÚāüÂÂü ö¬™½™ äÚ̕ ¬ öüÚÌĄÄ¬™Åɇ ‚ āĂę މ ·êĄ Ĭ™ æü½ºË ö V˽™ɇ ‚½™
Ă ‚Âüà ßö¬™¬™ɇ ˕ 9‚×ËĬ¬ ×Ë .āڂ™½ɇ g] ¬ êÞæڂ½¬¢Ɍ ODW RV PLQ


5(.,1 %$7<6.$)
‚· Þ¬¢ ×ËÚö‚ ×˕ö˕ę· ×Úāü¤Ë•ā¬™ɉ V˕ÚÌĄê· ā Ăì Ž‚æüÞº‚£™Ã
cöˬà ™½™Ã ·™Þæ ×ËÃ̏ ÂÂüà ÚüŽºËà êúĉ āÂüà ¬ ×ÞæÚüº‚· ā•·¢¬‚ Ă·¬™º‚öÞāüà āö¬™Úā‚ºËÃɉ 9™ß½¬ ā‚Úüāüºê·™Þā ¬ ā™·•ā¬™Þā
•Ú‚׬™ĄÄ¬ºËÃɌ sü¤Úüö‚Þāɇ ·™ß½¬ ·‚ºË ׬™ÚöÞāü •ËæÚā™Þā ·™•Ä‰ ¤Â¢ŽËºË ×˕ ö˕¢ɇ ·™Þæ Þā‚Äނɇ Ą™ ꏩöü¬Þā Ĭ™āöüº½™ Úā‚•º¬™
ā™ Þöˬ© ÚüŽ™º Ă ڂ£¢ ½êŽ ·‚ºË ·™•üÄü ×ËāËÞæ‚Ĭ™Þā ö ¤Úā™Ɍ ¬ £‚ޏüÄ귉™ ˺‚āüɌ c™Ä ā s‚Þɇ ºæË ÞæöËÚāü Ă·½™×Þā‰ ºË½™º·¢ £ËæˤڂĈ¬
V¬¢ºÄ™ ¤Ú‚Ĉº¬ ×Úāü¬‰¤Ä‰ •Ë ÞæËÂê ¤Ú‚āü ö º‚Ą•üà ö¬™ºê ¬ ā•ËŽ¢•ā¬™ Ă·ö¬¢™· יڙÂɇ öü¤Ú‚ ÚËā¤Úüöº¢Ɍ
¬ ×Ëāö˽‰ s‚Ã Ă ÃËÙÄæ ×Úā™Ä¬™ß Þ¬¢ •Ë Ĭ™Þ‚ÃËö¬æ™· &ڂ êāü •ËŽÚ™¤Ë ×½‚ÄËö‚Ĭ‚ ¬ ö¬āü ê왷¢æÄËߐ Þā‚Ëö‚Ĭ‚ Úüāüº‚Ɍ
×˕ö˕ę· ºÚ‚¬ÄüɌ
ODW RV PLQ
ODW RV PLQ


:<63$ 602.•:

&ڂā™ ×ˤ‚·‰ Þˎ¬™ Ăöā‚·™Ãɇ ڂā™Ã •‰Ą‰ •Ë ËÞ¬‰¤Ä¬¢¬‚
,0,21., ™½êɌ &ڂ êāü öÞ×Ì•ā¬‚‚Ĭ‚ɇ ºÞā悏¬ ê왷¢æÄËߐ
¬™•Ä™ .C.JD;.ɉ ×˕™·ÃËö‚Ĭ‚ •™üā·¬ ¬ ˏ™Äü ¬© ºËÄޙºö™Ä·¬Ɍ
~êיÂĬ™ ā‚×ËÃĬ‚Âüɇ ·‚º Þ¬¢ Ăāüö‚·‰Ɍ VËÃÌĄ ¬Ãɇ öüÃüß½‚·‰ •½‚ Ĭ©
ÄËö™ ×ޙê•ËĬÃüɌ ODW RV PLQ

&ÚË•º‚ ā‚Ž‚öÄü© ÞæöËÚºÌö ½¬āü Ă cöË·‰ öüˎڂĂĬ¢ɉ
.C.JD;. æË ºÚ™‚æüöĂ ¤Ú‚ º‚ڏ¬‚Ä‚ •½‚ ÂÂü© ¬ •êĄü©Ɍ

^ö¬™æĬ™ Þ×ڂö•ā¬ Þ¬¢ ö Ú˕ā¬ÄÄüà ¤ÚËĬ™ɇ ö ×˕ÚÌĄüɇ ‚ 悺Ą™ Ă ×Úāü·¢¬êɌ &ڂÄĂ ]×Ɍ ā ËɌËɌ

ODW RV PLQ ZZZ JUDQQD SO ê½Ɍ ;Þ¬¢¬‚ ~¬™ÃËö¬æ‚ Ȁȃɇ
Þº½™×ʱ¤Ú‚ÄĂɌ×½ ǼǿɬȃȄȄ s‚ÚÞā‚ö‚

*U\ L ĀDPLJĀµZNL 'OD PĀRGV]\FK L VWDUV]\FK 3$1 7:$5'2:6.,

1DMOHSV]H SRP\VĀ\ QD VSÛG]DQLH F]DVX s º‚ڏāì™ Yāüà ×Ë·‚ö¬Â Þ¬¢ ö‚ßĬ™ V‚Ä cö‚Ú•ËöÞº¬Ɍ

Z URG]LQQ\P JURQLH 9‚º‰ ×ËÞ悐 æüà ڂā™Ã ×ÚāüŽÚ‚ āĂÄü ā‚Ú˕ā¬™·Ɇ Þā½‚©¬‚ ā Žê·Ä‰ ŽÚ˕‰
āü ÃËĄ™ •êÃę¤Ë ׂĂ ā £‚·º‰ɍ ]×Ú̎귏¬™ ā‚ׂ cö‚Ú•ËöÞº¬™¤Ëɇ ‚½™
êö‚Ą‚·¬™Ɇ Ă·ÞÂüÄĬ™·Þāü ¤ Ž¢•ā¬™ ×Ú̎Ëö‚ öüö¬™ß s‚Þ ö ×˽™ɉ
&ڂÄÄ¢ ā‚ÂËĄü½¬ßÃü ö ǽȅȅǽ Ú˺êɌ sÞāüÞ溬™ ×Úā™•Ã¬Ëæü ×Úāü×ËìĂÂü öÌöā‚Þ ºê½æËö™
•ā¬Þ¬‚· ¬ºËÄü VY=ɬêɌ üÂü Žêڙɇ Äê•Ä™ ¬ Žü½™ ·‚º¬™Ɍ ©¬™½¬ßÃü ×Ú˕êºËö‚ ¤Úü ¬ ā‚Ž‚öº¬ ‚•Ä™ɇ ODW RV PLQ
ޙÄÞËöĬ™ ×ËÃüß½‚Ä™ ¬ •ËŽÚā™ öüºËĂę ɬ 悺¬™ ·‚º¬© Þā꺂½¬ßÃü •½‚ ĂÞāü© •ā¬™¬Ɍ
c™· ×ËÞæ‚ö¬™ ·™Þæ™ßÃü ö¬™ÚĬ •Ë •ā¬Þ¬‚·Ɍ
D‚Þ‚Þāüà ×Úā™ŽË·™Ãɇ ©¬æ™Ãɇ ā ºæÌÚüà Ĭ™ ÃËĄ™ Þ¬¢ ÚÌöÐ Ĭ ¬Äę¤Ë ·™Þæ ]êיڣ‚ÚÃ™Ú ɬ ¤Ú‚
D
ā‚×ÚË·™ºæËö‚Ä‚ ö ā‚Þ¬™ .. öË·Äü ßö¬‚æËö™· ×Úā™ā ×ÚË£Ɍ ;‚Ú˽‚ ËÚÞ꺂 ɚöÌöā‚Þ ×˕ Ăāö‰ 6=.2ÿ$ 0$*•:
+˕Ëö½‚ ~ö¬™Úā‰æ™ºɛɌ ËÚËÞÂË ×¬™ÚöÞā™ ×˺˽™Ä¬™ öü©Ëö‚Ä™ Ă ]êיڣ‚ÚÙÚā™ɇ ºê×귉 &ڂā™ ö¬™½‚·‰ Þ¬¢ ö êāĬÌö ö ]āºË¢ C‚¤ÌöɌ ~Ž½¬Ą‚ Þ¬¢ ö¬™½º¬ æêÚĬ™·
•ā¬Þ¬‚· æ¢ ¤Ú¢ •½‚ Þöˬ© •ā¬™¬Ɍ ā‚º½¢Ɍ V˕ā‚Þ ¤¬āę¤Ë ×Ë·™•üÄºê ½¬āü Þ¬¢ Ž¢•ā¬™ ڙĉ™ºÞɇ ÞāüŽºËߐ
ÚāꏂĬ‚ ā‚ÚÌö ¬ ê왷¢æę öüāꏬ™ ā‚ÞêɌ ]āºË‚ C‚¤Ìö æË öü·‰æºËö‚
]×ÚËö‚•ā‚Ãü æ™Ą •Ë V˽޺¬ êºÂ‚•‚ĺ¬ Ž™½¤¬·Þº¬™· ĈÚÃü ]ÂÚæ &‚Ã™Þ ɬ ¤™Ä¬‚½Ä™ ‚ì¤ÂÌöº¬ ¤Ú‚ ºËߏ¬‚Ä‚ɇ ö ºæÌڙ· ×Ë·™•üęº ×Ë좕āü ¤Ú‚ā‚ì æˏāü Þ¬¢ ö ā‚Þ¬™
Ë ÚÌĄÄü© ×Ëā¬Ë© æÚê•ÄËߏ¬ ɬ āĂºËìæ™ɇ ·™•üę ö Þöˬà Ú˕ā‚·ê ö¬ā™Ä¬‚ ½Ë¤¬āę Úā™āüö¬ÞæüÃɌ JׂÄê· Þā™ß Ąüö¬ËÂÌö ¬ āËÞæ‚Å Ă·×Ëæ¢ĄÄ¬™·ÞāüÃ
悺 •½‚ •ā¬™¬ɇ ·‚º ¬ •½‚ •ËÚËÞÂü© ā‚Ú˕ā¬™·™Ã ·‚º¬™¤Ë ö¬•ā¬‚ ßö¬‚æɉ

D
D‚Þ‚Þā™ ×Ú˕êºæü ËæÚāüÂÂü ö¬™½™ äÚ̕ ¬ öüÚÌĄÄ¬™Åɇ ‚ āĂę މ ·êĄ Ĭ™ æü½ºË ö V˽™ɇ ‚½™
Ă ‚Âüà ßö¬™¬™ɇ ˕ 9‚×ËĬ¬ ×Ë .āڂ™½ɇ g] ¬ êÞæڂ½¬¢Ɍ ODW RV PLQ


5(.,1 %$7<6.$)
‚· Þ¬¢ ×ËÚö‚ ×˕ö˕ę· ×Úāü¤Ë•ā¬™ɉ V˕ÚÌĄê· ā Ăì Ž‚æüÞº‚£™Ã
cöˬà ™½™Ã ·™Þæ ×ËÃ̏ ÂÂüà ÚüŽºËà êúĉ āÂüà ¬ ×ÞæÚüº‚· ā•·¢¬‚ Ă·¬™º‚öÞāüà āö¬™Úā‚ºËÃɉ 9™ß½¬ ā‚Úüāüºê·™Þā ¬ ā™·•ā¬™Þā
•Ú‚׬™ĄÄ¬ºËÃɌ sü¤Úüö‚Þāɇ ·™ß½¬ ·‚ºË ׬™ÚöÞāü •ËæÚā™Þā ·™•Ä‰ ¤Â¢ŽËºË ×˕ ö˕¢ɇ ·™Þæ Þā‚Äނɇ Ą™ ꏩöü¬Þā Ĭ™āöüº½™ Úā‚•º¬™
ā™ Þöˬ© ÚüŽ™º Ă ڂ£¢ ½êŽ ·‚ºË ·™•üÄü ×ËāËÞæ‚Ĭ™Þā ö ¤Úā™Ɍ ¬ £‚ޏüÄ귉™ ˺‚āüɌ c™Ä ā s‚Þɇ ºæË ÞæöËÚāü Ă·½™×Þā‰ ºË½™º·¢ £ËæˤڂĈ¬
V¬¢ºÄ™ ¤Ú‚Ĉº¬ ×Úāü¬‰¤Ä‰ •Ë ÞæËÂê ¤Ú‚āü ö º‚Ą•üà ö¬™ºê ¬ ā•ËŽ¢•ā¬™ Ă·ö¬¢™· יڙÂɇ öü¤Ú‚ ÚËā¤Úüöº¢Ɍ
¬ ×Ëāö˽‰ s‚Ã Ă ÃËÙÄæ ×Úā™Ä¬™ß Þ¬¢ •Ë Ĭ™Þ‚ÃËö¬æ™· &ڂ êāü •ËŽÚ™¤Ë ×½‚ÄËö‚Ĭ‚ ¬ ö¬āü ê왷¢æÄËߐ Þā‚Ëö‚Ĭ‚ Úüāüº‚Ɍ
×˕ö˕ę· ºÚ‚¬ÄüɌ
ODW RV PLQ
ODW RV PLQ


:<63$ 602.•:

&ڂā™ ×ˤ‚·‰ Þˎ¬™ Ăöā‚·™Ãɇ ڂā™Ã •‰Ą‰ •Ë ËÞ¬‰¤Ä¬¢¬‚
,0,21., ™½êɌ &ڂ êāü öÞ×Ì•ā¬‚‚Ĭ‚ɇ ºÞā悏¬ ê왷¢æÄËߐ
¬™•Ä™ .C.JD;.ɉ ×˕™·ÃËö‚Ĭ‚ •™üā·¬ ¬ ˏ™Äü ¬© ºËÄޙºö™Ä·¬Ɍ
~êיÂĬ™ ā‚×ËÃĬ‚Âüɇ ·‚º Þ¬¢ Ăāüö‚·‰Ɍ VËÃÌĄ ¬Ãɇ öüÃüß½‚·‰ •½‚ Ĭ©
ÄËö™ ×ޙê•ËĬÃüɌ ODW RV PLQ

&ÚË•º‚ ā‚Ž‚öÄü© ÞæöËÚºÌö ½¬āü Ă cöË·‰ öüˎڂĂĬ¢ɉ
.C.JD;. æË ºÚ™‚æüöĂ ¤Ú‚ º‚ڏ¬‚Ä‚ •½‚ ÂÂü© ¬ •êĄü©Ɍ

^ö¬™æĬ™ Þ×ڂö•ā¬ Þ¬¢ ö Ú˕ā¬ÄÄüà ¤ÚËĬ™ɇ ö ×˕ÚÌĄüɇ ‚ 悺Ą™ Ă ×Úāü·¢¬êɌ &ڂÄĂ ]×Ɍ ā ËɌËɌ

ODW RV PLQ ZZZ JUDQQD SO ê½Ɍ ;Þ¬¢¬‚ ~¬™ÃËö¬æ‚ Ȁȃɇ
Þº½™×ʱ¤Ú‚ÄĂɌ×½ ǼǿɬȃȄȄ s‚ÚÞā‚ö‚

3,Ú.1( .2/252:( +,6725,( = 7:2,0 '=,(&.,(0 : 52/, *ÿ•:1(-


%Ëæˎ‚ßĬ™ æË ¬ÄÄËö‚ü·Äü ×ÚË·™ºæɇ ×˽™¤‚·‰ü Ă êì™Þāā™Ä¬ê ö ¬½êÞæÚËö‚Ä™· Ž‚ßĬ ā•·¢ cöË·™¤Ë ā¬™º‚Ɍ cË ßö¬™æĂ
ā‚Ž‚ö‚ •½‚ ‚™· Ú˕ā¬Äüɇ •ËÞºËĂÂü ×ڙā™Äæ •½‚ •ā¬™¬ ö º‚Ą•üà ö¬™ºêɇ Ëڂā ׬¢ºÄ‚ ׂì‰æº‚ Ă ½‚æ‚Ɍ


-$. 32:67$-Æ )272%$Ĕ1,("

cöËÚā™Ä¬™ %Ëæˎ‚ßĬ æË Ž‚Ú•āË ā‚Þˏ©ÂËÄÄü ×Úˏ™ÞɌ ;‚Ą•‰ Ž‚ߊ÷׬™Úö æÚā™Ž‚ öüÃüß½¬Ɍ =¬āü Þ¬¢ ×ËÃüÞÂɌ s ×ËÞā꺬ö‚Ĭê ˕×Ëö¬™•Ä¬™· æڙߏ¬
Ž‚Ú•āË ×ËÃˏę މ º½êāËö™ ™½™Ã™Äæü ɫ Ë •ā¬™ºË ½êŽ¬ Úˎ¬ɇ ·‚º¬™ āö¬™Úā‰æºË ½êŽ¬ɇ ÃËĄ™  ÞöË·‰ ê½êŽ¬Ëĉ Â޺Ë溢ɇ ºË½ËÚɇ ‚ºËɇ āü  ×ê׬½‚ ¬æ•Ɍ
VË ā™ŽÚ‚Ĭê æü© ™½™Ã™ÄæÌö ÃˡĂ Þ¬¢ ā‚Ž¬™Ú‚ ā‚ öüÃüß½‚Ĭ™Ɍ CÌā¤ Ă·½™×¬™· ×ڂê·™ ö Úꏩêɇ ö¬¢ Ă·½™×Þā™ ×ËÃüÞÂü ×Úāü©Ë•ā‰ Ă Þׂ™Úā™ɇ
Ž‚ޙĬ™ ½êŽ ÚËö™ÚËö™· ×Úā™·‚Ą•Ą™ ā C¢Ą™ÃɌ ;¬™•ü æڙߐ ĂڙÞā¬™ Þ¬¢ ˎ·‚ö¬ɇ ÃˡĂ ā‚ā‰ ÚüÃËö‚Ɍ

s‚ĄÄ™ ·™Þæ ‚Žü •ËŽ¬™Ú‚ ÞÂËö‚ 悺ɇ Žü æöËÚāüÂü ·‚º¬ß ¬‰¤ ޺˷‚Úā™Ä¬Ëöü ö •ā¬™¬¢üà êÃüß½™ɇ •ā¬¢º¬ ā™Ãê ‚æö¬™· ·™ ā‚ׂì¢æ‚·‰Ɍ

&••ü ·™Þæ ·êĄ ÚüÃËö‚Äü 智Þæ ɫ ā‚Þ Ă ¬½êÞæڂ·™Ɍ D‚·×¬™Úö Þāº¬™ ŽË©‚æ™ÚÌöɇ ×Ëæ™Ã ×Úā™½‚Ĭ™ ¬© Ă öüÞ˺¬™· ¤Ú‚ÂæêÚü ׂ׬™ÚɌ gĄüö‚à ‚ºö‚Ú™½¬ •Ë
&
Ă½Ëö‚Ĭ‚ ×ËÞ悏¬ Ëڂā öÞāüÞ溬© ™½™Ã™ÄæÌö æ‚Ɍ D‚Þæ¢×Ĭ™ Þº‚Äê·¢ öÞāüÞæºË ¬ ā‚āüĂà ā‚Ž‚ö¢ ö ×Úˤڂì™ £ËæËÞ©Ë×Ɍ ā¬¢º¬ æ™Ãê Âà יÂĉ
ºËÄæÚ˽¢ Õ ·‚ºËߏ¬‰ɇ ÚËā•ā¬™½āËߏ¬‰ ¬ ºË½ËڂìɌ D¬™ öÞ×ËìĂ·‰ Ë •Ëº‚ŏā‚Ä¬ê ¬½êÞæڂ·¬ ¬ •Ë•‚ö‚Ä¬ê •Ë Ĭ© êŽË¤‚‚·‰ü© ™½™Ã™ÄæÌöɌ ;¬™•ü
¬½êÞæڂ·™ މ ¤ËæËö™ ɫ ÃˡĂ öÞæ‚ö¬‚ ā•·¢¬‚ •ā¬™º‚ ɫ ÷׬™Úö öü¬Ä‚à æÂË ā º‚Ą•™¤Ëɇ ڙæêÞāê·¢ ºÚ‚ö¢•ā¬™ɇ ¬ ˕×Ëö¬™•Ä¬Ë ×˕Þæ‚ö¬‚à •Ë º‚Ą•™·
×½‚ÄÞāüɌ VËæ™Ã ·êĄ æü½ºË öü•Úêº ¬ ¤ËæËö™Ɍ















































ZZZ IRWREDVQLH SO ȗ VWXGLR#IRWREDVQLH SO ȗ

3,Ú.1( .2/252:( +,6725,( = 7:2,0 '=,(&.,(0 : 52/, *ÿ•:1(-


%Ëæˎ‚ßĬ™ æË ¬ÄÄËö‚ü·Äü ×ÚË·™ºæɇ ×˽™¤‚·‰ü Ă êì™Þāā™Ä¬ê ö ¬½êÞæÚËö‚Ä™· Ž‚ßĬ ā•·¢ cöË·™¤Ë ā¬™º‚Ɍ cË ßö¬™æĂ
ā‚Ž‚ö‚ •½‚ ‚™· Ú˕ā¬Äüɇ •ËÞºËĂÂü ×ڙā™Äæ •½‚ •ā¬™¬ ö º‚Ą•üà ö¬™ºêɇ Ëڂā ׬¢ºÄ‚ ׂì‰æº‚ Ă ½‚æ‚Ɍ


-$. 32:67$-Æ )272%$Ĕ1,("

cöËÚā™Ä¬™ %Ëæˎ‚ßĬ æË Ž‚Ú•āË ā‚Þˏ©ÂËÄÄü ×Úˏ™ÞɌ ;‚Ą•‰ Ž‚ߊ÷׬™Úö æÚā™Ž‚ öüÃüß½¬Ɍ =¬āü Þ¬¢ ×ËÃüÞÂɌ s ×ËÞā꺬ö‚Ĭê ˕×Ëö¬™•Ä¬™· æڙߏ¬
Ž‚Ú•āË ×ËÃˏę މ º½êāËö™ ™½™Ã™Äæü ɫ Ë •ā¬™ºË ½êŽ¬ Úˎ¬ɇ ·‚º¬™ āö¬™Úā‰æºË ½êŽ¬ɇ ÃËĄ™  ÞöË·‰ ê½êŽ¬Ëĉ Â޺Ë溢ɇ ºË½ËÚɇ ‚ºËɇ āü  ×ê׬½‚ ¬æ•Ɍ
VË ā™ŽÚ‚Ĭê æü© ™½™Ã™ÄæÌö ÃˡĂ Þ¬¢ ā‚Ž¬™Ú‚ ā‚ öüÃüß½‚Ĭ™Ɍ CÌā¤ Ă·½™×¬™· ×ڂê·™ ö Úꏩêɇ ö¬¢ Ă·½™×Þā™ ×ËÃüÞÂü ×Úāü©Ë•ā‰ Ă Þׂ™Úā™ɇ
Ž‚ޙĬ™ ½êŽ ÚËö™ÚËö™· ×Úā™·‚Ą•Ą™ ā C¢Ą™ÃɌ ;¬™•ü æڙߐ ĂڙÞā¬™ Þ¬¢ ˎ·‚ö¬ɇ ÃˡĂ ā‚ā‰ ÚüÃËö‚Ɍ

s‚ĄÄ™ ·™Þæ ‚Žü •ËŽ¬™Ú‚ ÞÂËö‚ 悺ɇ Žü æöËÚāüÂü ·‚º¬ß ¬‰¤ ޺˷‚Úā™Ä¬Ëöü ö •ā¬™¬¢üà êÃüß½™ɇ •ā¬¢º¬ ā™Ãê ‚æö¬™· ·™ ā‚ׂì¢æ‚·‰Ɍ

&••ü ·™Þæ ·êĄ ÚüÃËö‚Äü 智Þæ ɫ ā‚Þ Ă ¬½êÞæڂ·™Ɍ D‚·×¬™Úö Þāº¬™ ŽË©‚æ™ÚÌöɇ ×Ëæ™Ã ×Úā™½‚Ĭ™ ¬© Ă öüÞ˺¬™· ¤Ú‚ÂæêÚü ׂ׬™ÚɌ gĄüö‚à ‚ºö‚Ú™½¬ •Ë
&
Ă½Ëö‚Ĭ‚ ×ËÞ悏¬ Ëڂā öÞāüÞ溬© ™½™Ã™ÄæÌö æ‚Ɍ D‚Þæ¢×Ĭ™ Þº‚Äê·¢ öÞāüÞæºË ¬ ā‚āüĂà ā‚Ž‚ö¢ ö ×Úˤڂì™ £ËæËÞ©Ë×Ɍ ā¬¢º¬ æ™Ãê Âà יÂĉ
ºËÄæÚ˽¢ Õ ·‚ºËߏ¬‰ɇ ÚËā•ā¬™½āËߏ¬‰ ¬ ºË½ËڂìɌ D¬™ öÞ×ËìĂ·‰ Ë •Ëº‚ŏā‚Ä¬ê ¬½êÞæڂ·¬ ¬ •Ë•‚ö‚Ä¬ê •Ë Ĭ© êŽË¤‚‚·‰ü© ™½™Ã™ÄæÌöɌ ;¬™•ü
¬½êÞæڂ·™ މ ¤ËæËö™ ɫ ÃˡĂ öÞæ‚ö¬‚ ā•·¢¬‚ •ā¬™º‚ ɫ ÷׬™Úö öü¬Ä‚à æÂË ā º‚Ą•™¤Ëɇ ڙæêÞāê·¢ ºÚ‚ö¢•ā¬™ɇ ¬ ˕×Ëö¬™•Ä¬Ë ×˕Þæ‚ö¬‚à •Ë º‚Ą•™·
×½‚ÄÞāüɌ VËæ™Ã ·êĄ æü½ºË öü•Úêº ¬ ¤ËæËö™Ɍ















































ZZZ IRWREDVQLH SO ȗ VWXGLR#IRWREDVQLH SO ȗ





1$6=<&+ .6,ÆIJ(. 1,( 02IJ( 3,26(1., 35=('6=.2/$.$ 3,26(1., 1$6=(*2


=$%5$.1ÆÈ : 7:2,0 '208 ;OBKE[JFNZ UV QJPTFOLJ [OBOF XT[ZTULJN '=,(&,þ67:$ &'
+FE[JF QPDJnjH [ EBMFLB ,SBLPXJBD[FL KFEFO D[Z
E[JFDJPN PSB[ JDI SPE[JDPN J E[JBELPN
8 LTJnjȈFD[DF [FCSBOP NFMPEJF 1JFTLJ NB’F EXB UP QJPTFOLJ [OBOF XT[ZTULJN
E[JFDJPN PSB[ JDI SPE[JDPN J E[JBELPN
QS[FLB[ZXBOF [ QPLPMFOJB OB QPLPMFOJF 8 LTJnjȈFD[DF [FCSBOP NFMPEJF QS[FLB[ZXBOF
LUØSF OB E’VHP [BKNnj VXBHǗ [BSØXOP [ QPLPMFOJB OB QPLPMFOJF LUØSF OB E’VHP [BKNnj
NB’ZDI KBL J XJǗLT[ZDI QPDJFDI VXBHǗ [BSØXOP NB’ZDI KBL J XJǗLT[ZDI QPDJFDI

&(1$ ǮǮ ǶǶ =ü &(1$ ǰǶ Ƕǭ =ü







%(=3,(&=1( '=,(&,$., /,7(5., , &<)(5., : =22

;BQFXOJFOJF CF[QJFD[FǩTUXB E[JFDJPN ,TJnjȈFD[LB [BXJFSB XFTP’F XJFST[ZLJ E[JǗLJ
UP KFEOP [ OBK XBȈOJFKT[ZDI [BEBǩ LUØSZN N’PET[F E[JFDJ QP[OBKnj MJUFSLJ J DZGFSLJ
: Q D V ] \ P V N O H S L H ] Q D M G Ç 3 D ÿ V W Z R N V L Ç ij N L SPE[JDØX OBVD[ZDJFMJ PQJFLVOØX /BT[B PSB[ QPETUBXPXF E[JB’BOJB J [OBLJ
NBUFNBUZD[OF KBL QMVT NJOVT [OBL SØXOPǴDJ
G O D G ] L H F L N V L Ç ij N L G O D Pý R G ] L H ij \ N R O R U R Z D Q N L LTJnjȈLB [BXJFSB OBKXBȈOJFKT[F [BTBEZ %PXJFE[nj TJǗ UFȈ EP D[FHP T’VȈnj X [EBOJV
CF[QJFD[FǩTUXB /BVLB SFHV’ [BDIPXBOJB
G O D G ] L H F L N V L Ç ij N L N X O L Q D U Q H R U D ] S R U D G Q L N L TJǗ X SØȈOZDI TZUVBDKBDI PECZXB TJǗ LSPQLB XZLS[ZLOJL J [OBL [BQZUBOJB /BUPNJBTU
TUBST[F QPDJFDIZ CǗEnj NPH’Z EPTLPOBMJǎ
D[[ZUBOJF NFUPEnj TZMBCPXnj
] V H U L L 6 L R V W U D 0D U L D QS[F[ [BCBXǗ D
&(1$ ǯDZ ǶǶ =ü &(1$ ǮDz ǶǶ =ü





$.$'(0,$ $.$'(0,$ 35(=(17•:
.5($7<:1(*2 '=,(&.$ "LBEFNJB QSF[FOUØX UP XTQBOJB’B LTJnjȈLB EMB

"LBEFNJB LSFBUZXOFHP E[JFDLB [BXJFSB E[JFDJ J N’PE[JFȈZ E[JǗLJ LUØSFK CǗEnj NPH’Z
XJFMF XTQBOJB’ZDI QSPKFLUØX OB P[EPCZ QS[ZHPUPXBǎ QJǗLOF QSF[FOUZ EMB OBKCMJȈT[ZDI
J QS[FENJPUZ LUØSF LBȈEF E[JFDLP NPȈF J PSZHJOBMOF P[EPCZ ǴXJnjUFD[OF 8T[ZTULJF
TBNPE[JFMOJF XZLPOBǎ B QØȇOJFK [BXBSUF X "LBEFNJJ QSPQP[ZDKF Tnj CBSE[P
QSBLUZD[OJF XZLPS[ZTUBǎ MVC LPNVǴ ’BUXF EP XZLPOBOJB B LBȈEZ PQJT PQBUS[POZ
QPEBSPXBǎ KFTU CBSXOZNJ GPUPHSBöBNJ
&(1$ ǯǶ ǶǶ =ü &(1$ ǯǶ ǶǶ =ü







/(*(1'< 32/6.,( /(*(1'< 32/6.,(

-FHFOEZ 1PMTLJF UP PQPXJFǴDJ -FHFOEZ 1PMTLJF UP PQPXJFǴDJ TUBOPXJnjDF
TUBOPXJnjDF XJFMLnj MJUFSBDLnj QS[ZHPEǗ XJFMLnj MJUFSBDLnj QS[ZHPEǗ [BSØXOP EMB
[BSØXOP EMB OBKN’PET[ZDI KBL UFȈ EMB OBKN’PET[ZDI KBL UFȈ EMB TUBST[ZDI
TUBST[ZDI QBTKPOBUØX OJFTBNPXJUZDI QBTKPOBUØX OJFTBNPXJUZDI IJTUPSJJ LUØS[Z
IJTUPSJJ LUØS[Z E[JǗLJ OJFK CǗEnj NPHMJ E[JǗLJ OJFK CǗEnj NPHMJ DIPǎ OB DIXJMǗ
WHO ZHZ _ VNOHS#Z\GDZQLFWZRPDUWHO SO DIPǎ OB DIXJMǗ QPXSØDJǎ EP QJǗLOZDI QPXSØDJǎ EP QJǗLOZDI D[BTØX TXPKFHP
E[JFDJǩTUXB
D[BTØX TXPKFHP E[JFDJǩTUXB
ZZZ Z\GDZQLFWZRPDUWHO SO &(1$ ǮǮ ǶǶ =ü &(1$ ǮǮ ǶǶ =ü

1$6=<&+ .6,ÆIJ(. 1,( 02IJ( 3,26(1., 35=('6=.2/$.$ 3,26(1., 1$6=(*2


=$%5$.1ÆÈ : 7:2,0 '208 ;OBKE[JFNZ UV QJPTFOLJ [OBOF XT[ZTULJN '=,(&,þ67:$ &'
+FE[JF QPDJnjH [ EBMFLB ,SBLPXJBD[FL KFEFO D[Z
E[JFDJPN PSB[ JDI SPE[JDPN J E[JBELPN
8 LTJnjȈFD[DF [FCSBOP NFMPEJF 1JFTLJ NB’F EXB UP QJPTFOLJ [OBOF XT[ZTULJN
E[JFDJPN PSB[ JDI SPE[JDPN J E[JBELPN
QS[FLB[ZXBOF [ QPLPMFOJB OB QPLPMFOJF 8 LTJnjȈFD[DF [FCSBOP NFMPEJF QS[FLB[ZXBOF
LUØSF OB E’VHP [BKNnj VXBHǗ [BSØXOP [ QPLPMFOJB OB QPLPMFOJF LUØSF OB E’VHP [BKNnj
NB’ZDI KBL J XJǗLT[ZDI QPDJFDI VXBHǗ [BSØXOP NB’ZDI KBL J XJǗLT[ZDI QPDJFDI

&(1$ ǮǮ ǶǶ =ü &(1$ ǰǶ Ƕǭ =ü







%(=3,(&=1( '=,(&,$., /,7(5., , &<)(5., : =22

;BQFXOJFOJF CF[QJFD[FǩTUXB E[JFDJPN ,TJnjȈFD[LB [BXJFSB XFTP’F XJFST[ZLJ E[JǗLJ
UP KFEOP [ OBK XBȈOJFKT[ZDI [BEBǩ LUØSZN N’PET[F E[JFDJ QP[OBKnj MJUFSLJ J DZGFSLJ
: Q D V ] \ P V N O H S L H ] Q D M G Ç 3 D ÿ V W Z R N V L Ç ij N L SPE[JDØX OBVD[ZDJFMJ PQJFLVOØX /BT[B PSB[ QPETUBXPXF E[JB’BOJB J [OBLJ
NBUFNBUZD[OF KBL QMVT NJOVT [OBL SØXOPǴDJ
G O D G ] L H F L N V L Ç ij N L G O D Pý R G ] L H ij \ N R O R U R Z D Q N L LTJnjȈLB [BXJFSB OBKXBȈOJFKT[F [BTBEZ %PXJFE[nj TJǗ UFȈ EP D[FHP T’VȈnj X [EBOJV
CF[QJFD[FǩTUXB /BVLB SFHV’ [BDIPXBOJB
G O D G ] L H F L N V L Ç ij N L N X O L Q D U Q H R U D ] S R U D G Q L N L TJǗ X SØȈOZDI TZUVBDKBDI PECZXB TJǗ LSPQLB XZLS[ZLOJL J [OBL [BQZUBOJB /BUPNJBTU
TUBST[F QPDJFDIZ CǗEnj NPH’Z EPTLPOBMJǎ
D[[ZUBOJF NFUPEnj TZMBCPXnj
] V H U L L 6 L R V W U D 0D U L D QS[F[ [BCBXǗ D
&(1$ ǯDZ ǶǶ =ü &(1$ ǮDz ǶǶ =ü





$.$'(0,$ $.$'(0,$ 35(=(17•:
.5($7<:1(*2 '=,(&.$ "LBEFNJB QSF[FOUØX UP XTQBOJB’B LTJnjȈLB EMB

"LBEFNJB LSFBUZXOFHP E[JFDLB [BXJFSB E[JFDJ J N’PE[JFȈZ E[JǗLJ LUØSFK CǗEnj NPH’Z
XJFMF XTQBOJB’ZDI QSPKFLUØX OB P[EPCZ QS[ZHPUPXBǎ QJǗLOF QSF[FOUZ EMB OBKCMJȈT[ZDI
J QS[FENJPUZ LUØSF LBȈEF E[JFDLP NPȈF J PSZHJOBMOF P[EPCZ ǴXJnjUFD[OF 8T[ZTULJF
TBNPE[JFMOJF XZLPOBǎ B QØȇOJFK [BXBSUF X "LBEFNJJ QSPQP[ZDKF Tnj CBSE[P
QSBLUZD[OJF XZLPS[ZTUBǎ MVC LPNVǴ ’BUXF EP XZLPOBOJB B LBȈEZ PQJT PQBUS[POZ
QPEBSPXBǎ KFTU CBSXOZNJ GPUPHSBöBNJ
&(1$ ǯǶ ǶǶ =ü &(1$ ǯǶ ǶǶ =ü







/(*(1'< 32/6.,( /(*(1'< 32/6.,(

-FHFOEZ 1PMTLJF UP PQPXJFǴDJ -FHFOEZ 1PMTLJF UP PQPXJFǴDJ TUBOPXJnjDF
TUBOPXJnjDF XJFMLnj MJUFSBDLnj QS[ZHPEǗ XJFMLnj MJUFSBDLnj QS[ZHPEǗ [BSØXOP EMB
[BSØXOP EMB OBKN’PET[ZDI KBL UFȈ EMB OBKN’PET[ZDI KBL UFȈ EMB TUBST[ZDI
TUBST[ZDI QBTKPOBUØX OJFTBNPXJUZDI QBTKPOBUØX OJFTBNPXJUZDI IJTUPSJJ LUØS[Z
IJTUPSJJ LUØS[Z E[JǗLJ OJFK CǗEnj NPHMJ E[JǗLJ OJFK CǗEnj NPHMJ DIPǎ OB DIXJMǗ
WHO ZHZ _ VNOHS#Z\GDZQLFWZRPDUWHO SO DIPǎ OB DIXJMǗ QPXSØDJǎ EP QJǗLOZDI QPXSØDJǎ EP QJǗLOZDI D[BTØX TXPKFHP
E[JFDJǩTUXB
D[BTØX TXPKFHP E[JFDJǩTUXB
ZZZ Z\GDZQLFWZRPDUWHO SO &(1$ ǮǮ ǶǶ =ü &(1$ ǮǮ ǶǶ =ü

".&&5 4Q [ P P
VM /PXF 4BEZ ŒØEŖ UFM GBLT
F NBJM BNFFU!BNFFU QM ] XXX BNFFU QM




%JTOFZ .BMVDI &MFNFOUBS[ MBULB


4FSJB v1P’ľD[ ,SPQLJw ,TJľŗLB XTQJFSB OBKN’PET[ZDI X QP[OBXBOJV PUBD[BKľDFHP ŐXJBUB

J QPS[ľELVKF KVŗ [EPCZUľ XJFE[ņ ,BŗEB QMBOT[B UP OPXZ UFNBU EP
,TJľŗLJ [F ŐDJFSBMOZNJ TUSPOBNJ EMB NB’ZDI SP[NPXZ J OPXF XZ[XBOJF EMB NBMVT[LB 1PED[BT [BCBXZ E[JFDLP
BSUZTUØX 8ZTUBSD[ľ LPMPSPXF NB[BLJ PSB[ [ ’BUXPŐDJľ QS[ZTXBKB OJF[OBOF QPKņDJB SP[XJKB T’PXOJDUXP ĿXJD[Z
ŐDJFSFD[LB ŗFCZ E[JFDLP ĿXJD[Z’P TQSBXOPŐĿ TQPTUS[FHBXD[PŐĿ J MPHJD[OF NZŐMFOJF 6MVCJPOF UFNBUZ PSB[ VSPD[F
NBOVBMOľ X UPXBS[ZTUXJF TXPJDI VMVCJPOZDI JMVTUSBDKF [ CPIBUFSBNJ %JTOFZB TQSBXJľ ŗF MFLUVSB v&MFNFOUBS[Bw
CPIBUFSØX %VŗF PCSB[LJ Tľ QS[ZKB[OF EMB TUBOJF TJņ DPE[JFOOZN SZUVB’FN
NBMVT[LB CBSXOF LSPQLJ QPNBHBKľ X XZCPS[F
LPMPSV NB[BLB B E[JņLJ QPOVNFSPXBOZN
LSPQLPN E[JFDLP QP[OB J VUSXBMJ TPCJF LPMFKOPŐĿ
LS
DZGS v1P’ľD[ ,SPQLJw UP SØXOJFŗ [OBLPNJUZ
TQPTØC OB [BQFXOJFOJF E[JFDLV XJFMV HPE[JO
XTQBOJB’FK [BCBXZ 4FSJB v.BMVDI 0ELSZXBw



4FSJB v&%6CMPL ĈXJD[ņ 3ņLņw ,TJľŗLJ LUØSF CBXJľ J VD[ľ EBKľD EVŗP SBEPŐDJ [F XTQØMOFHP
TQņE[BOJB D[BTV 5FNBUZLB CMJTLB E[JFDLV QPNPŗF NV QP[OBĿ
8TQBOJB’B [BCBXB X ŐXJFDJF T[MBD[LØX /B LBŗEFK TUSPOJF OB QS[FET[LPMBLB D[FLBKľ OPXF XZ[XBOJB SØŗOPSPEOF QS[FENJPUZ J [KBXJTLB PUBD[BKľDFHP ŐXJBUB B VSPD[F XJFST[ZLJ
ĿXJD[FOJB J [BEBOJB PEX[PSPXZXBOJF QJTBOJF QP ŐMBE[JF LSFŐMFOJF MJOJJ D[Z ’ľD[FOJF QVOLUØX 1S[ZHPEB [F T[MBD[LBNJ UP OJF X[CPHBDľ T’PXOJDUXP NBMVDIB #BSXOF JMVTUSBDKF SP[XJOľ
UZMLP XTQBOJB’B [BCBXB BMF UFŗ ŐXJFUOB PLB[KB EP EPTLPOBMFOJB VNJFKņUOPŐDJ NBOVBMOZDI PSB[ UFDIOJLJ US[ZNBOJB P’ØXLB o XZPCSBŖOJņ J [BDIņDľ EP MFLUVSZ %[JņLJ PLJFOLPN NBMVDI
B UP QJFSXT[Z XBŗOZ LSPL EP OBVLJ TBNPE[JFMOFHP QJTBOJB DZGS J MJUFS CņE[JF XJFMF SB[Z TJņHB’ QP LTJľŗLņ ŗFCZ PELSZXBĿ LPMFKOF
OJFTQPE[JBOLJ B UXBSEF TUSPOZ [BQFXOJľ [BCBXņ OB E’VHJF
NJFTJľDF
NJFTJľDF






,TJľŗLJ [ NJOJmHVSLľ -&(0¥



/BKOPXT[F UZUV’Z [ CFTUTFMMFSPXFK TFSJJ LTJľŗFL [ NJOJmHVSLľ
,BŗEZ UZUV’ UP PLB[KB EP [BCBXZ X ŐXJFDJF VMVCJPOZDI
CPIBUFSØX -&(0¥ 8 ŐSPELV OB NB’ZDI GBOØX CVEPXBOJB
.BMPXBOLJ XPEOF D[FLBKľ LPNJLTZ [BEBOJB PSB[ NJOJmHVSLB EP TBNPE[JFMOFHP
[’PŗFOJB
.BMPXBOLJ XPEOF UP JEFBMOB QSPQP[ZDKB EMB OBKN’PET[ZDI BSUZTUØX ;BCBSXJPOF TUSPOZ NBMVDI QPDJľHB QņE[FMLJFN
[BNPD[POZN X XPE[JF J PUS[ZNVKF QJņLOF CBSXOF JMVTUSBDKF 1SPTUB GPSNV’B TQSBXJB ŗF E[JFDLP [B LBŗEZN SB[FN NPŗF
MJD[ZĿ OB QP[ZUZXOF SF[VMUBUZ B UP KFTU [OBLPNJUľ NPUZXBDKľ %PEBULPXZN BUVUFN Tľ CPIBUFSPXJF mMNØX J TFSJBMJ




,TJľŗLJ [ TFSJJ 4DIMFJDI¥ '"3. 803-%


,BŗEZ UZUV’ UP EMB QS[FET[LPMBLØX PLB[KB EP XTQBOJB’FK
[BCBXZ 8 LTJľŗLBDI D[FLBKľ OB NBMVDIZ SØŗOPSPEOF
[BEBOJB OBLMFKLJ DJFLBXPTULJ [ ŗZDJB [XJFS[ľU PSB[ NOØTUXP
LPMPSPXZDI JMVTUSBDKJ







8JņDFK OB XXX BNFFU QM

".&&5 4Q [ P P
VM /PXF 4BEZ ŒØEŖ UFM GBLT
F NBJM BNFFU!BNFFU QM ] XXX BNFFU QM




%JTOFZ .BMVDI &MFNFOUBS[ MBULB


4FSJB v1P’ľD[ ,SPQLJw ,TJľŗLB XTQJFSB OBKN’PET[ZDI X QP[OBXBOJV PUBD[BKľDFHP ŐXJBUB

J QPS[ľELVKF KVŗ [EPCZUľ XJFE[ņ ,BŗEB QMBOT[B UP OPXZ UFNBU EP
,TJľŗLJ [F ŐDJFSBMOZNJ TUSPOBNJ EMB NB’ZDI SP[NPXZ J OPXF XZ[XBOJF EMB NBMVT[LB 1PED[BT [BCBXZ E[JFDLP
BSUZTUØX 8ZTUBSD[ľ LPMPSPXF NB[BLJ PSB[ [ ’BUXPŐDJľ QS[ZTXBKB OJF[OBOF QPKņDJB SP[XJKB T’PXOJDUXP ĿXJD[Z
ŐDJFSFD[LB ŗFCZ E[JFDLP ĿXJD[Z’P TQSBXOPŐĿ TQPTUS[FHBXD[PŐĿ J MPHJD[OF NZŐMFOJF 6MVCJPOF UFNBUZ PSB[ VSPD[F
NBOVBMOľ X UPXBS[ZTUXJF TXPJDI VMVCJPOZDI JMVTUSBDKF [ CPIBUFSBNJ %JTOFZB TQSBXJľ ŗF MFLUVSB v&MFNFOUBS[Bw
CPIBUFSØX %VŗF PCSB[LJ Tľ QS[ZKB[OF EMB TUBOJF TJņ DPE[JFOOZN SZUVB’FN
NBMVT[LB CBSXOF LSPQLJ QPNBHBKľ X XZCPS[F
LPMPSV NB[BLB B E[JņLJ QPOVNFSPXBOZN
LSPQLPN E[JFDLP QP[OB J VUSXBMJ TPCJF LPMFKOPŐĿ
LS
DZGS v1P’ľD[ ,SPQLJw UP SØXOJFŗ [OBLPNJUZ
TQPTØC OB [BQFXOJFOJF E[JFDLV XJFMV HPE[JO
XTQBOJB’FK [BCBXZ 4FSJB v.BMVDI 0ELSZXBw



4FSJB v&%6CMPL ĈXJD[ņ 3ņLņw ,TJľŗLJ LUØSF CBXJľ J VD[ľ EBKľD EVŗP SBEPŐDJ [F XTQØMOFHP
TQņE[BOJB D[BTV 5FNBUZLB CMJTLB E[JFDLV QPNPŗF NV QP[OBĿ
8TQBOJB’B [BCBXB X ŐXJFDJF T[MBD[LØX /B LBŗEFK TUSPOJF OB QS[FET[LPMBLB D[FLBKľ OPXF XZ[XBOJB SØŗOPSPEOF QS[FENJPUZ J [KBXJTLB PUBD[BKľDFHP ŐXJBUB B VSPD[F XJFST[ZLJ
ĿXJD[FOJB J [BEBOJB PEX[PSPXZXBOJF QJTBOJF QP ŐMBE[JF LSFŐMFOJF MJOJJ D[Z ’ľD[FOJF QVOLUØX 1S[ZHPEB [F T[MBD[LBNJ UP OJF X[CPHBDľ T’PXOJDUXP NBMVDIB #BSXOF JMVTUSBDKF SP[XJOľ
UZMLP XTQBOJB’B [BCBXB BMF UFŗ ŐXJFUOB PLB[KB EP EPTLPOBMFOJB VNJFKņUOPŐDJ NBOVBMOZDI PSB[ UFDIOJLJ US[ZNBOJB P’ØXLB o XZPCSBŖOJņ J [BDIņDľ EP MFLUVSZ %[JņLJ PLJFOLPN NBMVDI
B UP QJFSXT[Z XBŗOZ LSPL EP OBVLJ TBNPE[JFMOFHP QJTBOJB DZGS J MJUFS CņE[JF XJFMF SB[Z TJņHB’ QP LTJľŗLņ ŗFCZ PELSZXBĿ LPMFKOF
OJFTQPE[JBOLJ B UXBSEF TUSPOZ [BQFXOJľ [BCBXņ OB E’VHJF
NJFTJľDF
NJFTJľDF






,TJľŗLJ [ NJOJmHVSLľ -&(0¥



/BKOPXT[F UZUV’Z [ CFTUTFMMFSPXFK TFSJJ LTJľŗFL [ NJOJmHVSLľ
,BŗEZ UZUV’ UP PLB[KB EP [BCBXZ X ŐXJFDJF VMVCJPOZDI
CPIBUFSØX -&(0¥ 8 ŐSPELV OB NB’ZDI GBOØX CVEPXBOJB
.BMPXBOLJ XPEOF D[FLBKľ LPNJLTZ [BEBOJB PSB[ NJOJmHVSLB EP TBNPE[JFMOFHP
[’PŗFOJB
.BMPXBOLJ XPEOF UP JEFBMOB QSPQP[ZDKB EMB OBKN’PET[ZDI BSUZTUØX ;BCBSXJPOF TUSPOZ NBMVDI QPDJľHB QņE[FMLJFN
[BNPD[POZN X XPE[JF J PUS[ZNVKF QJņLOF CBSXOF JMVTUSBDKF 1SPTUB GPSNV’B TQSBXJB ŗF E[JFDLP [B LBŗEZN SB[FN NPŗF
MJD[ZĿ OB QP[ZUZXOF SF[VMUBUZ B UP KFTU [OBLPNJUľ NPUZXBDKľ %PEBULPXZN BUVUFN Tľ CPIBUFSPXJF mMNØX J TFSJBMJ




,TJľŗLJ [ TFSJJ 4DIMFJDI¥ '"3. 803-%


,BŗEZ UZUV’ UP EMB QS[FET[LPMBLØX PLB[KB EP XTQBOJB’FK
[BCBXZ 8 LTJľŗLBDI D[FLBKľ OB NBMVDIZ SØŗOPSPEOF
[BEBOJB OBLMFKLJ DJFLBXPTULJ [ ŗZDJB [XJFS[ľU PSB[ NOØTUXP
LPMPSPXZDI JMVTUSBDKJ







8JņDFK OB XXX BNFFU QM









VËߏ¬™½ •ā¬™¬¢‚ ɫ ×ËÞā™öº¬ ¬ ºËüº¬ •Ë ×˺˷ê



ā‚Þ Ă ™½™Ã™Äæü •Ë•‚æºËö™Ɍ VËÃüß½ æ™Ą Ë ¬ÄÄü© ×Ú˕êºæ‚© •ā¬™¬¢ü© ɬ ×ËÞā™öº¬ɇ
%¬Ú‚ĺ¬ ¬ ×Ëߏ¬™½™ •½‚ •ā¬™¬ Ëڂā ¬Äę 智Þæü½¬‚ ×˕êÞā™āº¬ɇ ºËüº¬ æË ¬•™‚½Ä™ êāêיÂĬ™Ä¬™ •ā¬™¬¢™¤Ë ×˺ˬºêɌ s ĂÞā™· Ë£™Ú¬™ āĂ·•ā¬™Þā
ÚÌöĬ™Ą ×Ëߏ¬™½ •ā¬™¬¢‰ Ëڂā Ú¢āĬº¬Ɍ ]āā™¤Ì½Ä¬™ ‚æڂºü·Äüà •Ë•‚溬™Ã •½‚ •ā¬™¬ Ž¢•ā¬™
;¬½º‚ ÞÂÌö Ë •ā¬™¬¢üà ×˺ˬºêɌ ā¬™¬¢ü ×˺ˬº æË Ã¬™·Þ™ Ĭ™ºËŏā‰ü© Þ¬¢ ā‚Ž‚öɇ ×Ëߏ¬™½ ǿ ɇ •‚·‰‚ æÚÌ·öüì‚ÚËöü ™£™ºæɉ ā¬¢º¬ æ™Ãê cöË·™ •ā¬™ºË Ž¢•ā¬™ ©¢æĬ™·
ö™ÞËÂü© ˺ÚāüºÌöɇ ‚ 悺Ą™ ×ËÚËāÚāꏂÄü© ā‚Ž‚ö™ºɌ VÚË·™ºæ귉 º‰¬º •½‚ ½ꏩ‚ ö‚ÚæË ā‚Þü׬‚ÂËɇ Ëæê½Ëę ŽË©‚æ™Ú‚ì ā™ Þöˬ© ê½êŽ¬ËÄü© Ž‚·™ºɌ
•ËÂËĄü öÞā™½º¬© Þæ‚Ú‚Åɇ ‚Žü ĂÞā‚ ×ˏ¬™©‚ āê‚ Þ¬¢ ºËãËÚæËöËɇ ‚ Ë悏ā‚·‰ü ·‰ öüÞæÚÌ· ڂġ‚·‚ öÄ¢æÚā‚ æü½ºË ā Ăìɉ süÞ˺¬™· ·‚ºËߏ¬ ×Ú˕êºæü ¬ ºËĺêڙďü·Ä™ ™Äüɇ æË
×ˎê•ā‚ öüˎڂĂĬ¢Ɍ Ë ā‚ºê׬ËÄü© َ™½ºÌöɇ •üö‚Äê Ëڂā æ‚×™æü ×Ëö¬ÄĬßÃü •ËŽÚ‚ ö¬āüæÌöº‚ ĂÞā™¤Ë Þº½™×êɉ ]æ‚Ú‚Ãü Þ¬¢ öü©Ë•ā¬ Ă×Úā™¬ö ĂÞāüà º½¬™ÄæËÃɇ Þ悽™
˕×Ëö¬™•Ä¬‰ Ĉڂĺ¢ɇ ‚ 悺Ą™ ¬Äęɇ ºË½ËÚËö™ •Ë•‚溬Ɍ ā¬¢º¬ ĂÞā™· ÚËāŽê•Ëö‚Ä™· Ë£™Ú¬™ æË ÚËāŽê•Ëö귉 ¬ ×ËÞā™Úā‚·‰ Ë£™Úæ¢Ɍ D¬™ ÞæڂÞāĂ Ăà ‚Ú‚ÄĄ‚·‚ Ăö™æ Ă·Ž‚Ú•ā¬™·
Ĭ æÚê•Ä™¤Ëɉ
öü¤‚·‰ü© öÄ¢æÚāɇ ×ËĬ™ö‚Ą Ë£™Ú귙Ãü Ă·öüĄÞā™· ·‚ºËߏ¬ ×Ú˕êºæü ¬ êÞÂ꤬Ɍ s ڂā¬™
×üæ‚Å ½êŽ ö‰æ×½¬öËߏ¬ ÞÂêĄüÃü ÞāüŽº‰ ×ËÃˏ‰ɉ ~ËÞæ‚ö ö¬‚•ËÃËߐ ™ɬ¬½ ½êŽ ÞºËÄ悺æê· Þ¬¢
‚·™āę Ĉڂĺ¬ •½‚ •ā¬™¬ ā Ăì 晽™£ËĬāĬ™ɉ



~‚‚Ú‚ÄĄê· ā Ăì ˺ÄËɉ s ĂÞā™· Ë£™Ú¬™ āĂ·•ā¬™¬™ V‚ÅÞæöË ŽË¤‚æË ā•ËŽ¬Ëę Ĉڂĺ¬ •½‚ &Y~y ; VËߏ¬™½ ǿ ɇ ÚËāì‚Ú ǽȂǼûǾǼǼ Ã ɚǿ ā¢ß¬ɛ
•ā¬™¬ɇ ꕙºËÚËö‚Ä™ÃËæüö‚ì ā ºÚ™ÞºÌö™ºɇ Ĉ½ÃÌö ‚ĬÙ Ëڂā Ž‚·™āÄüì öāËڂìɌ ]ā™Ú˺¬
öüŽÌÚ ×Ú˕êºæÌö Þ×ڂö¬‚ɇ ¬Ą ā ‚æöËߏ¬‰ öüŽ¬™Úā™Ãü ˕×Ëö¬™•Ä¬‰ Ĉڂĺ¢ɇ Þ×ڂö¬‚·‰ •ā¬™ºê V¬¢ºÄ‚ Ž‚·ºËö‚ ×Ëߏ¬™½ öüºËĂĂ ā öüÞ˺¬™· ·‚ºËߏ¬
ڂ•Ëߐɉ ā¬¢º¬ ŽÂüÞº‚ö¬āę· öüÞü™ ö äĬ™Ä¬ê ˺‚ ā‚‚Ú‚ÄĄê·™Þā ˺ÄË ö ×ËºË·ê •ā¬™¬¢üÃɌ ìºÚËöÂ̺Ă ö ÞˏāüÞæü© ¬Äæ™ÄÞüöÄü© ºË½Ëڂ©Ɍ s ޺‚•
×Ëߏ¬™½¬ ö©Ë•ā¬ ×ËÞāö‚ ǽȂǼ û ǾǼǼ ×½êÞ •ö¬™ ×ËÞā™öº¬ ȄǼ û ȃǼ
Ã ~‚׬¢¬™Ɇ ā‚ÙºɌ ‚ÂËߐ ā‚ׂºËö‚Ä‚ ö ™½™¤‚ďº¬™ ×ꕙºË
C Y ~‚ÞÂËĂ ¤ËæËö‚ Ă ×Úā™½Ë溂©ɇ ÚËāì‚Ú ǾȂǼûǽȁǼ Ã ɬ ¬•™‚½Ä‚ Ă ×ڙā™ÄæɌ

D¬™āöüº½™ ×ڂºæüāĂ ā‚ÞÂËĂ Ă ×Úā™½Ë溂©ɇ êÞāüæ‚ ā Ă·öüĄÞā™· ™Ä‚ ā‚ ÞāæɌɆ ™Ä‚ ā‚ ÞāæɌɆ ȃǾɇǼǼ āÂ
·‚ºËߏ¬ Âæ™Ú¬‚ÂêɌ V¬¢ºÄ‚ 溂ĬĂ ā‚ÞÂËÄËö‚ ÚËāö™Þ™½¬ º‚Ą•™ öÄ¢æÚā™Ɍ
C‚æ™Ú¬‚  ½™ºº¬ ނæüÄËöü ×ËÂüÞº ¬ •ü޺ڙæĬ™ ÚËā×ڂÞā‚ ×ÚËì™Ä¬™
ÞÂËęāęɇ ×Úā™ā Ë ö×ÚËö‚•ā‚ £‚Äæ‚ÞæüāÄü ĂÞæÚÌ· •Ë öÄ¢æÚā‚
™Ä‚ ā‚ ǽ ÞāæɌɆ ǽǾǾɇǼǼ ā CJc;. ;ËÃ×½™æ ×Ëߏ¬™½¬ Ž‚ö™ÂĬ‚Ä™·ɇ ÚËāì‚Ú ǽȂǼûǾǼǼ Ã
;ËÃ×½™æ ×Ëߏ¬™½¬ Ž‚ö™ÂĬ‚Ä™· ×Úāü·™Ãę· ¬ ì™· ö •Ëæüºêɇ
ö ºæÌڙ· cöË·‚ ×ˏ¬™©‚ öüß׬ Þ¬¢ ā ×ڂö•ā¬ö‰ ×Úāü·™ÃÄËߏ¬‰Ɍ
]ºÂ‚•Ɇ ǽǼǼʦ Ž‚ö™ÂĂɌ ~‚׬¢¬™Ɇ ā‚ÙºɌ

™Ä‚ ā‚ ÞāæɌɆ ȃȂɇǼǼ āÂ
CǼȂǼǼǽ cº‚ĬĂ ā‚ÞÂËÄËö‚ɇ Þā™Ú˺Ëߐ ǽȂǼ Ãɇ ā¬™½ËÄü
CËĄ™Þā ā‚ÃÌö¬ ނà Âæ™Ú¬‚ •Ë Þāü¬‚ ö™ ö‚ÞÄüà ā‚ºÚ™Þ¬™
½êŽ ÞºËÚāüÞ悐 ā êÞÂê¤ Ä‚Þā™· ×ÚË£™Þ·ËĂ½Ä™· Þāö‚½Ä¬ ¬ ā‚ÃÌö¬
Þāü¬™ Ă öüì‚ÚɌ s æüà ™½ê ×Úā™·•Ă •Ë ºË½™·Ä™· ā‚ºÂ‚•º¬
¬ ×ËÞæ¢×ê· ā¤Ë•Ä¬™ ā ā‚ö‚Úæ‰ æ‚à ¬ÄÞæÚ꺏·‰Ɍ V.Y c ;ËÃ×½™æ ×Ëߏ¬™½¬ •ā¬™¬¢™· ǽǼǼûǽǿȁ Ã
™Ä‚ ā‚ ǽ ÎɌɆ ǾȁɇǼǼ ā ;ËÃ×½™æ •ā¬™¬¢™· ×Ëߏ¬™½¬ ނæüÄËö™·ɇ öüºËĂÄü ā Ă·öüĄÞā™·

·‚ºËߏ¬ Ž‚ö™ÂÄüɌs ޺‚• ºËÃ×½™æê ö©Ë•ā¬ ×ËÞāö‚ ǽǼǼûǽǿȁ Ã
¬ ×ËÞā™öº‚ ȀǼûȂǼ ÃɌ]ºÂ‚•Ɇ ǽǼǼʦ ‚ö™ÂĂɌ
™Ä‚ ā‚ º×½ɌɆ ȂǽɇǼǼ āÂ
CǼȂǼǼǽ s˂½ •ÚêºËö‚Äüɇ öüÞ˺Ëߐ ǽȂǼ Ãɇ Ž¬‚Âüɒā¬™½ËÄü
CËĄ™Þā ā‚ÃÌö¬ ނà Âæ™Ú¬‚ •Ë Þāü¬‚ ö™ ö‚ÞÄüà ā‚ºÚ™Þ¬™ ½êŽ
ÞºËÚāüÞ悐 ā êÞÂê¤ Ä‚Þā™· ×ÚË£™Þ·ËĂ½Ä™· Þāö‚½Ä¬ ¬ ā‚ÃÌö¬ Þāü¬™ Ă c D .D Y‚£‚ êڕ‚
öüì‚ÚɌ s æüà ™½ê ×Úā™·•Ă •Ë ºË½™·Ä™· ā‚ºÂ‚•º¬ ¬ ×ËÞæ¢×ê· ā¤Ë•Ä¬™ ā ™ɬ¬½Ɇ ŽËºʱæ™Ä•¬Ä‚Ɍ×½ ]ꏩËÚāÌöɇ ê½Ɍ ]āºË½Ä‚ ǽǾ
ā‚ö‚Úæ‰ æ‚à ¬ÄÞæÚ꺏·‰Ɍ 晽Ɍ ºËÃÌÚºËöü ʐȀȄ ɒ ȃȅǿ ǼȃǼ Ǽǿȅ
晽Ɍ Þ悏·ËĂÚÄü ʐȀȄ ɒ ǽȁ ǿǼȃ ǼǼ ǿȅ ǿȅɬȀȁǼ ‚Ú‚ÄÌö ]‚Ä•Ëì™ÚÞº¬
™Ä‚ ā‚ ǽ ÎɌɆ ǾǿɇǼǼ āÂ
sssɌc D .D ɌV=

VËߏ¬™½ •ā¬™¬¢‚ ɫ ×ËÞā™öº¬ ¬ ºËüº¬ •Ë ×˺˷ê



ā‚Þ Ă ™½™Ã™Äæü •Ë•‚æºËö™Ɍ VËÃüß½ æ™Ą Ë ¬ÄÄü© ×Ú˕êºæ‚© •ā¬™¬¢ü© ɬ ×ËÞā™öº¬ɇ
%¬Ú‚ĺ¬ ¬ ×Ëߏ¬™½™ •½‚ •ā¬™¬ Ëڂā ¬Äę 智Þæü½¬‚ ×˕êÞā™āº¬ɇ ºËüº¬ æË ¬•™‚½Ä™ êāêיÂĬ™Ä¬™ •ā¬™¬¢™¤Ë ×˺ˬºêɌ s ĂÞā™· Ë£™Ú¬™ āĂ·•ā¬™Þā
ÚÌöĬ™Ą ×Ëߏ¬™½ •ā¬™¬¢‰ Ëڂā Ú¢āĬº¬Ɍ ]āā™¤Ì½Ä¬™ ‚æڂºü·Äüà •Ë•‚溬™Ã •½‚ •ā¬™¬ Ž¢•ā¬™
;¬½º‚ ÞÂÌö Ë •ā¬™¬¢üà ×˺ˬºêɌ ā¬™¬¢ü ×˺ˬº æË Ã¬™·Þ™ Ĭ™ºËŏā‰ü© Þ¬¢ ā‚Ž‚öɇ ×Ëߏ¬™½ ǿ ɇ •‚·‰‚ æÚÌ·öüì‚ÚËöü ™£™ºæɉ ā¬¢º¬ æ™Ãê cöË·™ •ā¬™ºË Ž¢•ā¬™ ©¢æĬ™·
ö™ÞËÂü© ˺ÚāüºÌöɇ ‚ 悺Ą™ ×ËÚËāÚāꏂÄü© ā‚Ž‚ö™ºɌ VÚË·™ºæ귉 º‰¬º •½‚ ½ꏩ‚ ö‚ÚæË ā‚Þü׬‚ÂËɇ Ëæê½Ëę ŽË©‚æ™Ú‚ì ā™ Þöˬ© ê½êŽ¬ËÄü© Ž‚·™ºɌ
•ËÂËĄü öÞā™½º¬© Þæ‚Ú‚Åɇ ‚Žü ĂÞā‚ ×ˏ¬™©‚ āê‚ Þ¬¢ ºËãËÚæËöËɇ ‚ Ë悏ā‚·‰ü ·‰ öüÞæÚÌ· ڂġ‚·‚ öÄ¢æÚā‚ æü½ºË ā Ăìɉ süÞ˺¬™· ·‚ºËߏ¬ ×Ú˕êºæü ¬ ºËĺêڙďü·Ä™ ™Äüɇ æË
×ˎê•ā‚ öüˎڂĂĬ¢Ɍ Ë ā‚ºê׬ËÄü© َ™½ºÌöɇ •üö‚Äê Ëڂā æ‚×™æü ×Ëö¬ÄĬßÃü •ËŽÚ‚ ö¬āüæÌöº‚ ĂÞā™¤Ë Þº½™×êɉ ]æ‚Ú‚Ãü Þ¬¢ öü©Ë•ā¬ Ă×Úā™¬ö ĂÞāüà º½¬™ÄæËÃɇ Þ悽™
˕×Ëö¬™•Ä¬‰ Ĉڂĺ¢ɇ ‚ 悺Ą™ ¬Äęɇ ºË½ËÚËö™ •Ë•‚溬Ɍ ā¬¢º¬ ĂÞā™· ÚËāŽê•Ëö‚Ä™· Ë£™Ú¬™ æË ÚËāŽê•Ëö귉 ¬ ×ËÞā™Úā‚·‰ Ë£™Úæ¢Ɍ D¬™ ÞæڂÞāĂ Ăà ‚Ú‚ÄĄ‚·‚ Ăö™æ Ă·Ž‚Ú•ā¬™·
Ĭ æÚê•Ä™¤Ëɉ
öü¤‚·‰ü© öÄ¢æÚāɇ ×ËĬ™ö‚Ą Ë£™Ú귙Ãü Ă·öüĄÞā™· ·‚ºËߏ¬ ×Ú˕êºæü ¬ êÞÂ꤬Ɍ s ڂā¬™
×üæ‚Å ½êŽ ö‰æ×½¬öËߏ¬ ÞÂêĄüÃü ÞāüŽº‰ ×ËÃˏ‰ɉ ~ËÞæ‚ö ö¬‚•ËÃËߐ ™ɬ¬½ ½êŽ ÞºËÄ悺æê· Þ¬¢
‚·™āę Ĉڂĺ¬ •½‚ •ā¬™¬ ā Ăì 晽™£ËĬāĬ™ɉ



~‚‚Ú‚ÄĄê· ā Ăì ˺ÄËɉ s ĂÞā™· Ë£™Ú¬™ āĂ·•ā¬™¬™ V‚ÅÞæöË ŽË¤‚æË ā•ËŽ¬Ëę Ĉڂĺ¬ •½‚ &Y~y ; VËߏ¬™½ ǿ ɇ ÚËāì‚Ú ǽȂǼûǾǼǼ Ã ɚǿ ā¢ß¬ɛ
•ā¬™¬ɇ ꕙºËÚËö‚Ä™ÃËæüö‚ì ā ºÚ™ÞºÌö™ºɇ Ĉ½ÃÌö ‚ĬÙ Ëڂā Ž‚·™āÄüì öāËڂìɌ ]ā™Ú˺¬
öüŽÌÚ ×Ú˕êºæÌö Þ×ڂö¬‚ɇ ¬Ą ā ‚æöËߏ¬‰ öüŽ¬™Úā™Ãü ˕×Ëö¬™•Ä¬‰ Ĉڂĺ¢ɇ Þ×ڂö¬‚·‰ •ā¬™ºê V¬¢ºÄ‚ Ž‚·ºËö‚ ×Ëߏ¬™½ öüºËĂĂ ā öüÞ˺¬™· ·‚ºËߏ¬
ڂ•Ëߐɉ ā¬¢º¬ ŽÂüÞº‚ö¬āę· öüÞü™ ö äĬ™Ä¬ê ˺‚ ā‚‚Ú‚ÄĄê·™Þā ˺ÄË ö ×ËºË·ê •ā¬™¬¢üÃɌ ìºÚËöÂ̺Ă ö ÞˏāüÞæü© ¬Äæ™ÄÞüöÄü© ºË½Ëڂ©Ɍ s ޺‚•
×Ëߏ¬™½¬ ö©Ë•ā¬ ×ËÞāö‚ ǽȂǼ û ǾǼǼ ×½êÞ •ö¬™ ×ËÞā™öº¬ ȄǼ û ȃǼ
Ã ~‚׬¢¬™Ɇ ā‚ÙºɌ ‚ÂËߐ ā‚ׂºËö‚Ä‚ ö ™½™¤‚ďº¬™ ×ꕙºË
C Y ~‚ÞÂËĂ ¤ËæËö‚ Ă ×Úā™½Ë溂©ɇ ÚËāì‚Ú ǾȂǼûǽȁǼ Ã ɬ ¬•™‚½Ä‚ Ă ×ڙā™ÄæɌ

D¬™āöüº½™ ×ڂºæüāĂ ā‚ÞÂËĂ Ă ×Úā™½Ë溂©ɇ êÞāüæ‚ ā Ă·öüĄÞā™· ™Ä‚ ā‚ ÞāæɌɆ ™Ä‚ ā‚ ÞāæɌɆ ȃǾɇǼǼ āÂ
·‚ºËߏ¬ Âæ™Ú¬‚ÂêɌ V¬¢ºÄ‚ 溂ĬĂ ā‚ÞÂËÄËö‚ ÚËāö™Þ™½¬ º‚Ą•™ öÄ¢æÚā™Ɍ
C‚æ™Ú¬‚  ½™ºº¬ ނæüÄËöü ×ËÂüÞº ¬ •ü޺ڙæĬ™ ÚËā×ڂÞā‚ ×ÚËì™Ä¬™
ÞÂËęāęɇ ×Úā™ā Ë ö×ÚËö‚•ā‚ £‚Äæ‚ÞæüāÄü ĂÞæÚÌ· •Ë öÄ¢æÚā‚
™Ä‚ ā‚ ǽ ÞāæɌɆ ǽǾǾɇǼǼ ā CJc;. ;ËÃ×½™æ ×Ëߏ¬™½¬ Ž‚ö™ÂĬ‚Ä™·ɇ ÚËāì‚Ú ǽȂǼûǾǼǼ Ã
;ËÃ×½™æ ×Ëߏ¬™½¬ Ž‚ö™ÂĬ‚Ä™· ×Úāü·™Ãę· ¬ ì™· ö •Ëæüºêɇ
ö ºæÌڙ· cöË·‚ ×ˏ¬™©‚ öüß׬ Þ¬¢ ā ×ڂö•ā¬ö‰ ×Úāü·™ÃÄËߏ¬‰Ɍ
]ºÂ‚•Ɇ ǽǼǼʦ Ž‚ö™ÂĂɌ ~‚׬¢¬™Ɇ ā‚ÙºɌ

™Ä‚ ā‚ ÞāæɌɆ ȃȂɇǼǼ āÂ
CǼȂǼǼǽ cº‚ĬĂ ā‚ÞÂËÄËö‚ɇ Þā™Ú˺Ëߐ ǽȂǼ Ãɇ ā¬™½ËÄü
CËĄ™Þā ā‚ÃÌö¬ ނà Âæ™Ú¬‚ •Ë Þāü¬‚ ö™ ö‚ÞÄüà ā‚ºÚ™Þ¬™
½êŽ ÞºËÚāüÞ悐 ā êÞÂê¤ Ä‚Þā™· ×ÚË£™Þ·ËĂ½Ä™· Þāö‚½Ä¬ ¬ ā‚ÃÌö¬
Þāü¬™ Ă öüì‚ÚɌ s æüà ™½ê ×Úā™·•Ă •Ë ºË½™·Ä™· ā‚ºÂ‚•º¬
¬ ×ËÞæ¢×ê· ā¤Ë•Ä¬™ ā ā‚ö‚Úæ‰ æ‚à ¬ÄÞæÚ꺏·‰Ɍ V.Y c ;ËÃ×½™æ ×Ëߏ¬™½¬ •ā¬™¬¢™· ǽǼǼûǽǿȁ Ã
™Ä‚ ā‚ ǽ ÎɌɆ ǾȁɇǼǼ ā ;ËÃ×½™æ •ā¬™¬¢™· ×Ëߏ¬™½¬ ނæüÄËö™·ɇ öüºËĂÄü ā Ă·öüĄÞā™·

·‚ºËߏ¬ Ž‚ö™ÂÄüɌs ޺‚• ºËÃ×½™æê ö©Ë•ā¬ ×ËÞāö‚ ǽǼǼûǽǿȁ Ã
¬ ×ËÞā™öº‚ ȀǼûȂǼ ÃɌ]ºÂ‚•Ɇ ǽǼǼʦ ‚ö™ÂĂɌ
™Ä‚ ā‚ º×½ɌɆ ȂǽɇǼǼ āÂ
CǼȂǼǼǽ s˂½ •ÚêºËö‚Äüɇ öüÞ˺Ëߐ ǽȂǼ Ãɇ Ž¬‚Âüɒā¬™½ËÄü
CËĄ™Þā ā‚ÃÌö¬ ނà Âæ™Ú¬‚ •Ë Þāü¬‚ ö™ ö‚ÞÄüà ā‚ºÚ™Þ¬™ ½êŽ
ÞºËÚāüÞ悐 ā êÞÂê¤ Ä‚Þā™· ×ÚË£™Þ·ËĂ½Ä™· Þāö‚½Ä¬ ¬ ā‚ÃÌö¬ Þāü¬™ Ă c D .D Y‚£‚ êڕ‚
öüì‚ÚɌ s æüà ™½ê ×Úā™·•Ă •Ë ºË½™·Ä™· ā‚ºÂ‚•º¬ ¬ ×ËÞæ¢×ê· ā¤Ë•Ä¬™ ā ™ɬ¬½Ɇ ŽËºʱæ™Ä•¬Ä‚Ɍ×½ ]ꏩËÚāÌöɇ ê½Ɍ ]āºË½Ä‚ ǽǾ
ā‚ö‚Úæ‰ æ‚à ¬ÄÞæÚ꺏·‰Ɍ 晽Ɍ ºËÃÌÚºËöü ʐȀȄ ɒ ȃȅǿ ǼȃǼ Ǽǿȅ
晽Ɍ Þ悏·ËĂÚÄü ʐȀȄ ɒ ǽȁ ǿǼȃ ǼǼ ǿȅ ǿȅɬȀȁǼ ‚Ú‚ÄÌö ]‚Ä•Ëì™ÚÞº¬
™Ä‚ ā‚ ǽ ÎɌɆ ǾǿɇǼǼ āÂ
sssɌc D .D ɌV=

874/2. .* XS ^REG^] 57=83& )>.*(.è(& >&+&
874/2. .* XS S [MIPI [MéGIN RMŏ X]POS H^MIGMéGE QSHE XS OSRGITGNE
93.;*7 &13*/ 5/3*/ M ;=,4)3*/ H^MIGMéGIN KEVHIVSF]


8 8[SV^]Q] HPE ;EW YFVERME OX¾VI QSŏRE ^I WSFÒ HS[SPRMI ēÒG^]Ô M ^E[W^I
Į[MIXRMI []KPÒHENÒ FS [MIQ] MPI QEGMI SFS[MÒ^O¾[ OEŏHIKS HRME M ŏI
GSH^MIRRE []TVE[E HS TV^IHW^OSPE G^EWEQM []HENI WMé ;EQ HēYŏW^E RMŏ
TSHV¾ŏ HSSOSēE Į[MEXE

; ;W^]WXOMI REW^I YFVEROE TS[WXENÒ ^ 3&/;=Ŏ >*/ /&04ĭ(. TVSHYOS[ER]GL
; 541 (* M GIVX]ǻOS[ER]GL QEXIVMEē¾[ E OEŏH] [TVS[EH^SR] HS
WTV^IHEŏ] OV¾N NIWX XIWXS[ER] TV^I^ RENHVSŏW^]GL REW^IQY WIVGY QEē]GL
QSHIPM M QSHIPOM REW^I [ēEWRI H^MIGM

3EW^ XVSNQMĮ NIWX [ GEēSĮGM 2&)* .3 541&3) E NIKS WIVGI FMNI
[ 8EVRS[WOMGL ,¾VEGL RE ĭPÒWOY


































XVSNQMWMI XS Q] H[MI QEQ] OX¾VI ēÒG^] GLéÔ WX[SV^IRME G^IKSĮ []NÒXOS[IKS
M [WT¾PRI MQMé 0EWME & H^MIPM REW GL]FE X]POS OSPSV [ēSW¾[

0EŏHIKS HRME H^MIPMQ] WMé [WT¾PRÒ TVEGÒ M NIHRSG^IĮRMI [WT¾PRÒ TEWNÒ X[SV^ÒG
ƵƵƵţŸƋųŅģĵĜŸĜåţŞĬ []NÒXOS[I H^MIGMéGI YFVEROE ĒÒG^]Q] FM^RIWS[I ^EGMéGMI ^ X[¾VG^Ò HYW^Ò
,H] NIHRE ^ REW WMIH^M ^ RSŏ]G^OEQM [ VéGI HSWOSREPÒG REW^I WXVSNQMWMS[I
WXVSNQMWMI%KQEMP GSQ ` XIP TVSNIOX] HVYKE TSGL]PE WMé REH OEPOYPEXSVIQ ^EWXERE[MENÒG WMé REH X]Q NEO
YP TSOSNRE 8EVRS[WOMI ,¾V] ; ;EQ ^ETI[RMÔ RENPITW^] WXSWYRIO GIR] HS NEOSĮGM

874/2. .* XS ^REG^] 57=83& )>.*(.è(& >&+&
874/2. .* XS S [MIPI [MéGIN RMŏ X]POS H^MIGMéGE QSHE XS OSRGITGNE
93.;*7 &13*/ 5/3*/ M ;=,4)3*/ H^MIGMéGIN KEVHIVSF]


8 8[SV^]Q] HPE ;EW YFVERME OX¾VI QSŏRE ^I WSFÒ HS[SPRMI ēÒG^]Ô M ^E[W^I
Į[MIXRMI []KPÒHENÒ FS [MIQ] MPI QEGMI SFS[MÒ^O¾[ OEŏHIKS HRME M ŏI
GSH^MIRRE []TVE[E HS TV^IHW^OSPE G^EWEQM []HENI WMé ;EQ HēYŏW^E RMŏ
TSHV¾ŏ HSSOSēE Į[MEXE

; ;W^]WXOMI REW^I YFVEROE TS[WXENÒ ^ 3&/;=Ŏ >*/ /&04ĭ(. TVSHYOS[ER]GL
; 541 (* M GIVX]ǻOS[ER]GL QEXIVMEē¾[ E OEŏH] [TVS[EH^SR] HS
WTV^IHEŏ] OV¾N NIWX XIWXS[ER] TV^I^ RENHVSŏW^]GL REW^IQY WIVGY QEē]GL
QSHIPM M QSHIPOM REW^I [ēEWRI H^MIGM

3EW^ XVSNQMĮ NIWX [ GEēSĮGM 2&)* .3 541&3) E NIKS WIVGI FMNI
[ 8EVRS[WOMGL ,¾VEGL RE ĭPÒWOY


































XVSNQMWMI XS Q] H[MI QEQ] OX¾VI ēÒG^] GLéÔ WX[SV^IRME G^IKSĮ []NÒXOS[IKS
M [WT¾PRI MQMé 0EWME & H^MIPM REW GL]FE X]POS OSPSV [ēSW¾[

0EŏHIKS HRME H^MIPMQ] WMé [WT¾PRÒ TVEGÒ M NIHRSG^IĮRMI [WT¾PRÒ TEWNÒ X[SV^ÒG
ƵƵƵţŸƋųŅģĵĜŸĜåţŞĬ []NÒXOS[I H^MIGMéGI YFVEROE ĒÒG^]Q] FM^RIWS[I ^EGMéGMI ^ X[¾VG^Ò HYW^Ò
,H] NIHRE ^ REW WMIH^M ^ RSŏ]G^OEQM [ VéGI HSWOSREPÒG REW^I WXVSNQMWMS[I
WXVSNQMWMI%KQEMP GSQ ` XIP TVSNIOX] HVYKE TSGL]PE WMé REH OEPOYPEXSVIQ ^EWXERE[MENÒG WMé REH X]Q NEO
YP TSOSNRE 8EVRS[WOMI ,¾V] ; ;EQ ^ETI[RMÔ RENPITW^] WXSWYRIO GIR] HS NEOSĮGM

; C.~ =;. = ~. .














*MVQE /%1(3 XS FEVH^S ^RER] HSWXE[GE QEXIVMEɹ[ SHFPEWOS[]GL [ )YVSTMI ˒VSHOS[S
[WGLSHRMIN 2EW^I HS˒[MEHG^IRMI RE V]ROY TV^]G^]RMS WMʚ HS XIKS ˵I K[EVERXYNIQ] HSWOSREʈ +g]cy J = ];Js
NEOS˒ʊ SJIVS[ER]GL TVSHYOXɹ[ SHFPEWOS[]GL ; ^[Mʈ^OY ^ X]Q ˵I TSPMG]NRI WXEX]WX]OM
TSX[MIVH^ENʈ OSRMIG^RS˒ʊ RSW^IRME SHFPEWOɹ[ REW^E JMVQE []GLSH^M RE TV^IGM[ OPMIRXSQ Ʌ ™ÚæüĈº‚æ ˏ™Äü æü×ê s DÚ s ɒ]ɒǾȁǿǽɒǾǼǽȂ
SJIVYNʈG TVSJIWNSREPRʈ SFWYKʚ M OSV^]WXRʈ GIRʚ Ʌ öüºËĂĂ ā •ā¬‚ĬÄü ĉêËڙޏ™Äü·Ä™·
Ʌ ā öÞāüæüà ׂޙà ˕Ž½‚ÞºËöüÃ
2EW^]QM OPMIRXEQM Wʈ TVEW^]QM OPMIRXEQM Wʈ TV^IHI [W^]WXOMQ YV^ʚH] TEʿWX[S[I TSPMGNE E XEO˵I JMVQ] OSQIVG]NRI OXɹVI Ʌ ºË½ËÚɆ ĄÌÂæüɇ ā¬™½ËÄüɇ Ĭ™Ž¬™Þº¬ɇ ×ËÂڂŏāËöüɇ
2
YQMIW^G^ENʈ W[SNI PSKS M X]Q WEQ]Q TVSTEKYNʈ FI^TMIG^IʿWX[S RE HVSH^I ;]OSRYNIQ] TVSNIOX]
REHVYOɹ[ M []W]EQ] [M^YEPM^EGNʚ OSQTYXIVS[ʈ HS EOGITXEGNM .IWXI˒Q] Vɹ[RMI˵ IPEWX]G^RM NI˵IPM ÚÌĄËöü ¬ Ž¬‚Âü
Ʌ •Ë ā‚ÂËĄ™Ä¬‚ Ă Þāü·¢ ½êŽ ¤ÂËö¢
GLSH^M S MRH][MHYEPRI ^PIGIRME 1EQ] HY˵S EXVEOG]NR]GL TSQ]Wɹ[ WY˵]Q] VEHʈ GS HS Ʌ ÚËāì‚Ú ȀȂûȀȂûȂȂ Ã
Ʌ
MRH][MHYEPR]GL OW^XEXɹ[ M ^ETI[RMEQ] OVɹXOMI XIVQMR] VIEPM^EGNM
Ʌ ÃËĄ½¬öËߐ öüºËĂĬ‚ ¬Ä•üö¬•ê‚½Ä™¤Ë ÕÚêºê
]~ =;. J = ];Js


Ʌ ™ÚæüĈº‚æ ˏ™Äü æü×ê s DÚ s ɒ]ɒǾȁǿǼɒǾǼǽȂ
Ʌ ¬•™‚½Ä‚ ˏ©ÚËĂ ˕Ž½‚ÞºËö‚ •½‚ •ā¬™¬
Ʌ Âæ™Ú¬‚ÂɆ •ā¬‚ĬĂ ĉêËڙޏ™Äü·Ä‚ ā ö¤Úā‚ÄüÃ
ׂޙà ˕Ž½‚ÞºËöüÃ
Ʌ ÚËāì‚Ú êĬö™Úނ½Äü
Ʌ ÃËĄ½¬öËߐ ¬Ä•üö¬•ê‚½Ä™¤Ë ÕÚêºê



sJY;JɬV= ;.

t ™ÚæüĈº‚æ ˏ™Äü æü×ê s DÚ s ɒ]ɒǾȁǿǾɒǾǼǽȂ
t ×Úā™āÏā™Ä¬™ Ă Žêæü ½êŽ ÞæÚÌ· ¤¬ÃĂÞæüāÄü
t öüºËĂÄü ā 溂ĬÄü ĉêËڙޏ™Äü·Ä™·
ā öÞāüæüà ׂޙà ˕Ž½‚ÞºËöüà ā¤Ë•Äüà ā ÄËÚÉ DȀȃǽ
t öüì‚ÚüɆ ǿǾ û ǿȅ Ã
t ºË½ËÚüɆ ĄÌÂæüɇ ×ËÂڂŏāËöüɇ ā¬™½ËÄüɇ Ĭ™Ž¬™Þº¬ɇ ÚÌĄËöüɇ ā‚ÚÄü
t
t öüºËÄ귙Ãü ¬Ä•üö¬•ê‚½Ä™ ÕÚ꺬

~ V;. = ~. . . JYJ]By +


t ºË½ËÚɆ ĄÌÂæüɇ ×ËÂڂŏāËöüɇ ¤Ú‚Ä‚æËöüɇ ā‚ÚÄüɇ ā™ÚöËÄü
t öüºËĂę ā ×Úā™ö¬™öę·ɇ ™½‚Þæüāę· •ā¬‚ĬÄü ×˽¬™ÞæÚËö™·
t ā æ‚ßÉ ˕Ž½‚ÞºËö‰
t ā ˕Ž½‚ÞºËöüà ׂ޺¬™Ã
t ā‚׬ĂĂ Ă Úā™×
t ÃËĄ½¬öËߐ öüºËĂĬ‚ ÕÚêºê




öööɌº‚ìā™½º¬Ë•Ž½‚ÞºËö™ɌËÃɌ×½
ā‚ÃËö¬™Ä¬‚ʱº‚ìā™½º¬Ë•Ž½‚ÞºËö™ɌËÃɌ×½

; C.~ =;. = ~. .














*MVQE /%1(3 XS FEVH^S ^RER] HSWXE[GE QEXIVMEɹ[ SHFPEWOS[]GL [ )YVSTMI ˒VSHOS[S
[WGLSHRMIN 2EW^I HS˒[MEHG^IRMI RE V]ROY TV^]G^]RMS WMʚ HS XIKS ˵I K[EVERXYNIQ] HSWOSREʈ +g]cy J = ];Js
NEOS˒ʊ SJIVS[ER]GL TVSHYOXɹ[ SHFPEWOS[]GL ; ^[Mʈ^OY ^ X]Q ˵I TSPMG]NRI WXEX]WX]OM
TSX[MIVH^ENʈ OSRMIG^RS˒ʊ RSW^IRME SHFPEWOɹ[ REW^E JMVQE []GLSH^M RE TV^IGM[ OPMIRXSQ Ʌ ™ÚæüĈº‚æ ˏ™Äü æü×ê s DÚ s ɒ]ɒǾȁǿǽɒǾǼǽȂ
SJIVYNʈG TVSJIWNSREPRʈ SFWYKʚ M OSV^]WXRʈ GIRʚ Ʌ öüºËĂĂ ā •ā¬‚ĬÄü ĉêËڙޏ™Äü·Ä™·
Ʌ ā öÞāüæüà ׂޙà ˕Ž½‚ÞºËöüÃ
2EW^]QM OPMIRXEQM Wʈ TVEW^]QM OPMIRXEQM Wʈ TV^IHI [W^]WXOMQ YV^ʚH] TEʿWX[S[I TSPMGNE E XEO˵I JMVQ] OSQIVG]NRI OXɹVI
2 Ʌ ºË½ËÚɆ ĄÌÂæüɇ ā¬™½ËÄüɇ Ĭ™Ž¬™Þº¬ɇ ×ËÂڂŏāËöüɇ
YQMIW^G^ENʈ W[SNI PSKS M X]Q WEQ]Q TVSTEKYNʈ FI^TMIG^IʿWX[S RE HVSH^I ;]OSRYNIQ] TVSNIOX]
REHVYOɹ[ M []W]EQ] [M^YEPM^EGNʚ OSQTYXIVS[ʈ HS EOGITXEGNM .IWXI˒Q] Vɹ[RMI˵ IPEWX]G^RM NI˵IPM ÚÌĄËöü ¬ Ž¬‚Âü
Ʌ •Ë ā‚ÂËĄ™Ä¬‚ Ă Þāü·¢ ½êŽ ¤ÂËö¢
GLSH^M S MRH][MHYEPRI ^PIGIRME 1EQ] HY˵S EXVEOG]NR]GL TSQ]Wɹ[ WY˵]Q] VEHʈ GS HS Ʌ
Ʌ ÚËāì‚Ú ȀȂûȀȂûȂȂ Ã
MRH][MHYEPR]GL OW^XEXɹ[ M ^ETI[RMEQ] OVɹXOMI XIVQMR] VIEPM^EGNM
Ʌ ÃËĄ½¬öËߐ öüºËĂĬ‚ ¬Ä•üö¬•ê‚½Ä™¤Ë ÕÚêºê
]~ =;. J = ];Js


Ʌ ™ÚæüĈº‚æ ˏ™Äü æü×ê s DÚ s ɒ]ɒǾȁǿǼɒǾǼǽȂ
Ʌ ¬•™‚½Ä‚ ˏ©ÚËĂ ˕Ž½‚ÞºËö‚ •½‚ •ā¬™¬
Ʌ Âæ™Ú¬‚ÂɆ •ā¬‚ĬĂ ĉêËڙޏ™Äü·Ä‚ ā ö¤Úā‚ÄüÃ
ׂޙà ˕Ž½‚ÞºËöüÃ
Ʌ ÚËāì‚Ú êĬö™Úނ½Äü
Ʌ ÃËĄ½¬öËߐ ¬Ä•üö¬•ê‚½Ä™¤Ë ÕÚêºê



sJY;JɬV= ;.

t ™ÚæüĈº‚æ ˏ™Äü æü×ê s DÚ s ɒ]ɒǾȁǿǾɒǾǼǽȂ
t ×Úā™āÏā™Ä¬™ Ă Žêæü ½êŽ ÞæÚÌ· ¤¬ÃĂÞæüāÄü
t öüºËĂÄü ā 溂ĬÄü ĉêËڙޏ™Äü·Ä™·
ā öÞāüæüà ׂޙà ˕Ž½‚ÞºËöüà ā¤Ë•Äüà ā ÄËÚÉ DȀȃǽ
t öüì‚ÚüɆ ǿǾ û ǿȅ Ã
t ºË½ËÚüɆ ĄÌÂæüɇ ×ËÂڂŏāËöüɇ ā¬™½ËÄüɇ Ĭ™Ž¬™Þº¬ɇ ÚÌĄËöüɇ ā‚ÚÄü
t
t öüºËÄ귙Ãü ¬Ä•üö¬•ê‚½Ä™ ÕÚ꺬

~ V;. = ~. . . JYJ]By +


t ºË½ËÚɆ ĄÌÂæüɇ ×ËÂڂŏāËöüɇ ¤Ú‚Ä‚æËöüɇ ā‚ÚÄüɇ ā™ÚöËÄü
t öüºËĂę ā ×Úā™ö¬™öę·ɇ ™½‚Þæüāę· •ā¬‚ĬÄü ×˽¬™ÞæÚËö™·
t ā æ‚ßÉ ˕Ž½‚ÞºËö‰
t ā ˕Ž½‚ÞºËöüà ׂ޺¬™Ã
t ā‚׬ĂĂ Ă Úā™×
t ÃËĄ½¬öËߐ öüºËĂĬ‚ ÕÚêºê




öööɌº‚ìā™½º¬Ë•Ž½‚ÞºËö™ɌËÃɌ×½
ā‚ÃËö¬™Ä¬‚ʱº‚ìā™½º¬Ë•Ž½‚ÞºËö™ɌËÃɌ×½





2E REW^IN [MXV]RMI /EVSPOE TP GLGIQ] ^ETVI^IRXS[Eʉ ;EQ RMITS[XEV^EPRI TV^IHQMSX]
OXɸVI W[SMQ SV]KMREPR]Q M RMIXY^MROS[]Q []KPʇHIQ QSKʇ S^HSFMʉ RMINIHRS [RʙXV^I




; WTSWɹF W^G^IKɹPR] MRXIVIWYNIQ] WMʚ TVSNIOXEQM TV^I^REG^SR]QM HPE H^MIGM ;]OSRERI
TV^I^ REW ^EFE[OM PYF IPIQIRX] []WXVSNY TSOSNY H^MIGMʚGIKS [][SYNʈ Y˒QMIGL RE X[EV^EGL
H^MIGM E XEO˵I MGL VSH^MGɹ[

-RWTMVEGNI HS X[SV^IRME RS[]GL GMIOE[]GL TVSNIOXɹ[ G^IVTMIQ] [ OE˵H]Q QMINWGY
M [ OE˵H]Q G^EWMI [MʚG [ TV^]T][MI MRWTMVEGNM RE WXVSRMI TSNE[MEʊ WMʚ FʚHʈ ^HNʚGME RS[]GL
TSQ]Wɹ[ XEO˵I X]GL RMI HS OSʿGE ^[Mʈ^ER]GL ^ H^MIʊQM
>
>ETETVEW^EQ] HS VIKYPEVRIKS SH[MIH^ERME REW^IN WXVSR] MRXIVRIXS[IN E [ TV^]TEHOY
NEOMGLOSP[MIO T]XEʿ TVSWMQ] S OSRXEOX QEMPS[] RE EHVIW OEVSPOE$OEVSPOE TP ; XIR WTSWɹF
QS˵IGMI REQ TSQɹG [ YHSWOSREPIRMY REW^IN SJIVX] SVE^ WXVSR] MRXIVRIXS[IN

















































[[[ OEVSPOE TP



OEVSPOE$OEVSPOE TP

2E REW^IN [MXV]RMI /EVSPOE TP GLGIQ] ^ETVI^IRXS[Eʉ ;EQ RMITS[XEV^EPRI TV^IHQMSX]
OXɸVI W[SMQ SV]KMREPR]Q M RMIXY^MROS[]Q []KPʇHIQ QSKʇ S^HSFMʉ RMINIHRS [RʙXV^I




; WTSWɹF W^G^IKɹPR] MRXIVIWYNIQ] WMʚ TVSNIOXEQM TV^I^REG^SR]QM HPE H^MIGM ;]OSRERI
TV^I^ REW ^EFE[OM PYF IPIQIRX] []WXVSNY TSOSNY H^MIGMʚGIKS [][SYNʈ Y˒QMIGL RE X[EV^EGL
H^MIGM E XEO˵I MGL VSH^MGɹ[

-RWTMVEGNI HS X[SV^IRME RS[]GL GMIOE[]GL TVSNIOXɹ[ G^IVTMIQ] [ OE˵H]Q QMINWGY
M [ OE˵H]Q G^EWMI [MʚG [ TV^]T][MI MRWTMVEGNM RE WXVSRMI TSNE[MEʊ WMʚ FʚHʈ ^HNʚGME RS[]GL
TSQ]Wɹ[ XEO˵I X]GL RMI HS OSʿGE ^[Mʈ^ER]GL ^ H^MIʊQM
>
>ETETVEW^EQ] HS VIKYPEVRIKS SH[MIH^ERME REW^IN WXVSR] MRXIVRIXS[IN E [ TV^]TEHOY
NEOMGLOSP[MIO T]XEʿ TVSWMQ] S OSRXEOX QEMPS[] RE EHVIW OEVSPOE$OEVSPOE TP ; XIR WTSWɹF
QS˵IGMI REQ TSQɹG [ YHSWOSREPIRMY REW^IN SJIVX] SVE^ WXVSR] MRXIVRIXS[IN

















































[[[ OEVSPOE TP



OEVSPOE$OEVSPOE TP





/PSGOS[RME ĂÈG^] [ WSFMI ^EPIX] TPEGY ^EFE[ M GIRXVYQ IHYOEGNM W^G^IK¶PRMI
[ ^EOVIWMI VS^[MNERME OSQTIXIRGNM WTSĂIG^R]GL M [WT¶ĂH^MEĂERME X[¶VG^IKS Q]ęPIRME
TV^IWXV^IRRIKS PSKMOM []SFVEĸRM OSRGIRXVEGNM SVE^ QEĂIN M HYĺIN QSXSV]OM ; ^EFE[MI
OPSGOEQM H^MIGOS HSę[MEHG^E W[SMGL TMIV[W^]GL [ĂEWR]GL WYOGIW¶[ M SWMÈKRMÜÊ

IOWTIV]QIRXYNI TSTIĂRME FĂÜH] TV^] X]Q RMIę[MEHSQMI M RMIYWXERRMI WMÜ YG^ÈG
; /PSGOS[RM HENIQ] H^MIGMSQ HS H]WTS^]GNM OPSGOM YRMOEPR]GL OW^XEĂX¶[ V¶ĺRIN [MIPOSęGM

[MIPSVEOMIN WXVYOXYV] >SWXEĂ] SRI HSFVERI [ XEOM WTSW¶F EF] FE[MÊ WMÜ RMQM TV^I^ HĂYĺW^]
G^EW FI^ ^RYH^IRME [ĂEęGM[MI RMKH] RMI FYHYNÈG XIN WEQIN FYHS[PM H[E VE^]
3JIVXE HPE W^O·ă M TV^IHW^OSPM

7^YOEW^ TSQ]WĂY RE TV^ITVS[EH^IRMI OVIEX][R]GL ^ENÜÊ# 4V^]NHĸ ^ X[SNÈ KVYTÈ OPEWÈ
HS /PSGOS[RM M []OSV^]WXEN REW^I OPSGOM HS WX[SV^IRMI RMITS[XEV^EPR]GL ^ENÜÊ PIOGNM
Ê[MG^IRME QEĂIN QSXSV]OM OSRGIRXVEGNM TSHWXE[ QEXIQEX]OM Ŷ^]OM FMSPSKMM M GLIQMM PSKMOM
OVIEX][R]GL XIGLRMO XIEXVEPR]GL MXT (YĺS ^EPIĺ] SH 'MIFMI G^] H^MIGM TSOSGLENÈ XS G^IKS
YG^]W^ M NEO HEPIN FÜHE WMÜ VS^[MNEÊ 2MI ^QEVRYN XIN W^ERW] 2EW^ TIVWSRIP HSVEH^M 'M OX¶VÈ
WXVIJÜ []FVEÊ M NEO QSĺIW^ STX]QEPRMI ^SVKERM^S[EÊ ^ENÜGME


;EVW^E[E +EPIVME 6IRSZE TMÝXVS 4MSXVO·[ 8V]FYREPWOM +EPIVME *SGYW 1EPP
ZMW E ZMW ,ERIWYWLM TMÜXVS SFSO /MRE ,IPMSW
YP 6IQFMIPMĄWOE YP 7ĂS[EGOMIKS
;EVW^E[E 4MSXVO¶[ 8V]F
XIPIJSR XIPIJSR

I QEMP VIRSZE$OPSGOS[RME GSQ I QEMP TMSXVOS[$OPSGOS[RME GSQ










8IP
[[[ OPSGOS[RME GSQ





FMYVS$OPSGOS[RME GSQ

/PSGOS[RME ĂÈG^] [ WSFMI ^EPIX] TPEGY ^EFE[ M GIRXVYQ IHYOEGNM W^G^IK¶PRMI
[ ^EOVIWMI VS^[MNERME OSQTIXIRGNM WTSĂIG^R]GL M [WT¶ĂH^MEĂERME X[¶VG^IKS Q]ęPIRME
TV^IWXV^IRRIKS PSKMOM []SFVEĸRM OSRGIRXVEGNM SVE^ QEĂIN M HYĺIN QSXSV]OM ; ^EFE[MI
OPSGOEQM H^MIGOS HSę[MEHG^E W[SMGL TMIV[W^]GL [ĂEWR]GL WYOGIW¶[ M SWMÈKRMÜÊ

IOWTIV]QIRXYNI TSTIĂRME FĂÜH] TV^] X]Q RMIę[MEHSQMI M RMIYWXERRMI WMÜ YG^ÈG
; /PSGOS[RM HENIQ] H^MIGMSQ HS H]WTS^]GNM OPSGOM YRMOEPR]GL OW^XEĂX¶[ V¶ĺRIN [MIPOSęGM

[MIPSVEOMIN WXVYOXYV] >SWXEĂ] SRI HSFVERI [ XEOM WTSW¶F EF] FE[MÊ WMÜ RMQM TV^I^ HĂYĺW^]
G^EW FI^ ^RYH^IRME [ĂEęGM[MI RMKH] RMI FYHYNÈG XIN WEQIN FYHS[PM H[E VE^]
3JIVXE HPE W^O·ă M TV^IHW^OSPM

7^YOEW^ TSQ]WĂY RE TV^ITVS[EH^IRMI OVIEX][R]GL ^ENÜÊ# 4V^]NHĸ ^ X[SNÈ KVYTÈ OPEWÈ
HS /PSGOS[RM M []OSV^]WXEN REW^I OPSGOM HS WX[SV^IRMI RMITS[XEV^EPR]GL ^ENÜÊ PIOGNM
Ê[MG^IRME QEĂIN QSXSV]OM OSRGIRXVEGNM TSHWXE[ QEXIQEX]OM Ŷ^]OM FMSPSKMM M GLIQMM PSKMOM
OVIEX][R]GL XIGLRMO XIEXVEPR]GL MXT (YĺS ^EPIĺ] SH 'MIFMI G^] H^MIGM TSOSGLENÈ XS G^IKS
YG^]W^ M NEO HEPIN FÜHE WMÜ VS^[MNEÊ 2MI ^QEVRYN XIN W^ERW] 2EW^ TIVWSRIP HSVEH^M 'M OX¶VÈ
WXVIJÜ []FVEÊ M NEO QSĺIW^ STX]QEPRMI ^SVKERM^S[EÊ ^ENÜGME


;EVW^E[E +EPIVME 6IRSZE TMÝXVS 4MSXVO·[ 8V]FYREPWOM +EPIVME *SGYW 1EPP
ZMW E ZMW ,ERIWYWLM TMÜXVS SFSO /MRE ,IPMSW
YP 6IQFMIPMĄWOE YP 7ĂS[EGOMIKS
;EVW^E[E 4MSXVO¶[ 8V]F
XIPIJSR XIPIJSR

I QEMP VIRSZE$OPSGOS[RME GSQ I QEMP TMSXVOS[$OPSGOS[RME GSQ










8IP
[[[ OPSGOS[RME GSQ





FMYVS$OPSGOS[RME GSQ

3°ñē Ñ ñÝ°ã÷ĖÄȤ ÜüèôÄ ñçüôĖÄ»þÛļÑÄȩ



4ÑÄÜüèôÄ ã°÷ĖÄ ñôçÀþÜüē ñç÷Ñ°À°Û· ¼ÄôüēķÜ°ü øôçÀÜèđ ÀēÀ°Üüē¼Ėãē¼Ð Ė°Ýļ°ãē¼Ð Àç þęēüÜþ ÷ĖÜçÝãÄÎçȩ ã°À°ãē ñôĖÄĖ 3ÑãÑ÷üô° ÀþÜ°¼ÛÑ 4°ôçÀçđÄÛ Ñ HñçôüþȮ





B. 4H]



XēÀ°đãѼüđ° HL# . NE8 EL á·¼Ė·¼ üô°Àē¼ēÛãÄ Ñ ãçđç¼ĖÄ÷ãÄ ñçâç¼Ä
ÀēÀ°Üüē¼ĖãÄ Àç đ÷ñÑÄô°ãÑ° Ñããçđ°¼ēÛãē¼Ð Íçôâ Ü÷Ėü°á¼ÄãÑ° çÍÄôþÛÄ ñçã°À Ƶƴƴ
üēüþáèđ ñÝ°ã÷Ė ÄÀþÜ°¼ēÛãē¼Ð Ɏ ø¼ÑÄããē¼Ðȩ çΰüÄ đ üôÄø¼ÑȤ ç»ô°ĖēȤ đēÜôÄ÷ēȤ
÷¼ÐÄâ°üēȤ ½đѼĖÄãÑ° Ñ ÑãÍçôâ°¼ÛÄ ñÝ°ã÷ĖÄ ÷· ¼Äããēâ ėôèÀáÄâ đÑÄÀĖē ÀÝ°
þ¼ĖãÑèđ ÷ĖÜèá ñçÀ÷ü°đçđē¼ÐȤ ÎÑâã°ĖÛèđ Ñ ÷ĖÜèá øôÄÀãѼÐȩ




3 BZ H]-8.4




XēÀ°đãѼüđ° HL# . NE8 EL đ ÷đçÛÄÛ çÍÄô¼ÑÄ
ñôçñçãþÛÄ ñçã°À ƽƴ üēüþáèđ â°ñ đ üēâ ÀĖÑ°á ÷ĖÜçÝãē
Ė â°ñ°âÑ ķĖē¼ĖãēâÑȤ ñçÝÑüē¼ĖãēâÑȣ IđÑ°ü°Ȥ þôçñēȤ
ÜçãüēãÄãüèđȤ ñ°ä÷üđ çô°Ė â°ñē ÀÝ° ķôâȣ ÀôçÎçđÄȤ
ÜçÀçđÄȤ çôΰãÑĖ°¼ēÛãÄȤ ñ°ãçô°âѼĖãÄ Ñ ÷°üÄÝÑü°ôãÄȩ




B838 BE] H]-8.4



4çđç¼ĖÄ÷ãÄ ¼ēÍôçđÄ ÑãüÄô°ÜüēđãÄ ã°ôĖÌÀĖÑ° Àç ã°þ¼Ė°ãÑ° ÀĖÑÄ¼Ñ đ đÑÄÜþ ñôĖÄÀ÷ĖÜçÝãēâ Ñ ÷ĖÜçÝãēâȤ ñôçÎô°âē
ÑãüÄô°ÜüēđãÄȤ ñÝ°ã÷ĖÄ Àç ÎÑÄô Ñ Ė°»°đȤ ÜÝç¼ÜÑ BçÝēÀôçãȤ çô°Ė üô°Àē¼ēÛãÄ ñÝ°ã÷ĖÄ ø¼ÑÄããÄ Üçã¼ÄãüôþÛ· ÷ÑÌ ã°
đ÷ĖļÐ÷üôçããēâ ôçĖđçÛþ ç÷ç»çđçø¼Ñ ÀĖÑļܰȩ HüēâþÝþÛ· çãÄ ÝçÎѼĖãÄ âēøÝÄãÑÄȤ þâÑÄÛÌüãçø¼Ñ ÜçâþãÑÜ°¼ēÛãÄȤ
ñç÷üôĖÄΰãÑÄ çôÑÄãü°¼ÛÑ ñôĖÄ÷üôĖÄããÄÛ çô°Ė ôçĖđèÛ þâÑÄÛÌüãçø¼Ñ âçüçôē¼Ėãē¼Ðȩ X÷Ėē÷üÜÑÄ ñçâç¼Ä ÀēÀ°Üüē¼ĖãÄ
ñôçâçđ°ãÑ° ÄÀþÜ°¼ÛÑ Ñ þ¼ĖÄãÑ° ÷ÑÌ ñôĖÄĖ Ė°»°đÌ ÷· ĖÎçÀãÄ Ė ãçôâ°âÑ »ÄĖñÑļĖÄä÷üđ° NãÑÑ þôçñÄÛ÷ÜÑÄÛȩ




48X8I
3°ñ° øđÑ°ü° ÀÝ° ÀĖÑļÑ













HL# . NE8 EL -ôē÷üÑ°ã -çâ°ãÀÄô
8Àôçđ·ę þÝȩ XÑÄÛ÷Ü° Ƶƻ Ȥ ƸƻɎƷƵƺ èô°ęÀęÄ
üÄÝȩȣ ʖƸƼ ƻƻ Ƹƺƻƻ ƷƼƼȤ âç»ÑÝȣ ʖƸƼ ƹƴƶ ƹƶƸ ƺƼƽ
đđđȮâ°ñē÷ĖÜçÝãÄȮñÝ

3°ñē Ñ ñÝ°ã÷ĖÄȤ ÜüèôÄ ñçüôĖÄ»þÛļÑÄȩ



4ÑÄÜüèôÄ ã°÷ĖÄ ñôçÀþÜüē ñç÷Ñ°À°Û· ¼ÄôüēķÜ°ü øôçÀÜèđ ÀēÀ°Üüē¼Ėãē¼Ð Ė°Ýļ°ãē¼Ð Àç þęēüÜþ ÷ĖÜçÝãÄÎçȩ ã°À°ãē ñôĖÄĖ 3ÑãÑ÷üô° ÀþÜ°¼ÛÑ 4°ôçÀçđÄÛ Ñ HñçôüþȮ





B. 4H]



XēÀ°đãѼüđ° HL# . NE8 EL á·¼Ė·¼ üô°Àē¼ēÛãÄ Ñ ãçđç¼ĖÄ÷ãÄ ñçâç¼Ä
ÀēÀ°Üüē¼ĖãÄ Àç đ÷ñÑÄô°ãÑ° Ñããçđ°¼ēÛãē¼Ð Íçôâ Ü÷Ėü°á¼ÄãÑ° çÍÄôþÛÄ ñçã°À Ƶƴƴ
üēüþáèđ ñÝ°ã÷Ė ÄÀþÜ°¼ēÛãē¼Ð Ɏ ø¼ÑÄããē¼Ðȩ çΰüÄ đ üôÄø¼ÑȤ ç»ô°ĖēȤ đēÜôÄ÷ēȤ
÷¼ÐÄâ°üēȤ ½đѼĖÄãÑ° Ñ ÑãÍçôâ°¼ÛÄ ñÝ°ã÷ĖÄ ÷· ¼Äããēâ ėôèÀáÄâ đÑÄÀĖē ÀÝ°
þ¼ĖãÑèđ ÷ĖÜèá ñçÀ÷ü°đçđē¼ÐȤ ÎÑâã°ĖÛèđ Ñ ÷ĖÜèá øôÄÀãѼÐȩ




3 BZ H]-8.4




XēÀ°đãѼüđ° HL# . NE8 EL đ ÷đçÛÄÛ çÍÄô¼ÑÄ
ñôçñçãþÛÄ ñçã°À ƽƴ üēüþáèđ â°ñ đ üēâ ÀĖÑ°á ÷ĖÜçÝãē
Ė â°ñ°âÑ ķĖē¼ĖãēâÑȤ ñçÝÑüē¼ĖãēâÑȣ IđÑ°ü°Ȥ þôçñēȤ
ÜçãüēãÄãüèđȤ ñ°ä÷üđ çô°Ė â°ñē ÀÝ° ķôâȣ ÀôçÎçđÄȤ
ÜçÀçđÄȤ çôΰãÑĖ°¼ēÛãÄȤ ñ°ãçô°âѼĖãÄ Ñ ÷°üÄÝÑü°ôãÄȩ




B838 BE] H]-8.4



4çđç¼ĖÄ÷ãÄ ¼ēÍôçđÄ ÑãüÄô°ÜüēđãÄ ã°ôĖÌÀĖÑ° Àç ã°þ¼Ė°ãÑ° ÀĖÑÄ¼Ñ đ đÑÄÜþ ñôĖÄÀ÷ĖÜçÝãēâ Ñ ÷ĖÜçÝãēâȤ ñôçÎô°âē
ÑãüÄô°ÜüēđãÄȤ ñÝ°ã÷ĖÄ Àç ÎÑÄô Ñ Ė°»°đȤ ÜÝç¼ÜÑ BçÝēÀôçãȤ çô°Ė üô°Àē¼ēÛãÄ ñÝ°ã÷ĖÄ ø¼ÑÄããÄ Üçã¼ÄãüôþÛ· ÷ÑÌ ã°
đ÷ĖļÐ÷üôçããēâ ôçĖđçÛþ ç÷ç»çđçø¼Ñ ÀĖÑļܰȩ HüēâþÝþÛ· çãÄ ÝçÎѼĖãÄ âēøÝÄãÑÄȤ þâÑÄÛÌüãçø¼Ñ ÜçâþãÑÜ°¼ēÛãÄȤ
ñç÷üôĖÄΰãÑÄ çôÑÄãü°¼ÛÑ ñôĖÄ÷üôĖÄããÄÛ çô°Ė ôçĖđèÛ þâÑÄÛÌüãçø¼Ñ âçüçôē¼Ėãē¼Ðȩ X÷Ėē÷üÜÑÄ ñçâç¼Ä ÀēÀ°Üüē¼ĖãÄ
ñôçâçđ°ãÑ° ÄÀþÜ°¼ÛÑ Ñ þ¼ĖÄãÑ° ÷ÑÌ ñôĖÄĖ Ė°»°đÌ ÷· ĖÎçÀãÄ Ė ãçôâ°âÑ »ÄĖñÑļĖÄä÷üđ° NãÑÑ þôçñÄÛ÷ÜÑÄÛȩ




48X8I
3°ñ° øđÑ°ü° ÀÝ° ÀĖÑļÑ













HL# . NE8 EL -ôē÷üÑ°ã -çâ°ãÀÄô
8Àôçđ·ę þÝȩ XÑÄÛ÷Ü° Ƶƻ Ȥ ƸƻɎƷƵƺ èô°ęÀęÄ
üÄÝȩȣ ʖƸƼ ƻƻ Ƹƺƻƻ ƷƼƼȤ âç»ÑÝȣ ʖƸƼ ƹƴƶ ƹƶƸ ƺƼƽ
đđđȮâ°ñē÷ĖÜçÝãÄȮñÝ

#4L E -LZX4 BE8 E 3Z N- Z,4



4çđç¼ĖÄ÷ãÄ ¼ēÍôçđÄ ÑãüÄô°ÜüēđãÄ ã°ôĖÌÀĖÑ° Àç ã°þ¼Ė°ãÑ° ÀĖÑÄ¼Ñ đ đÑÄÜþ ñôĖÄÀ÷ĖÜçÝãēâ Ñ ÷ĖÜçÝãēâȤ ñôçÎô°âē ÑãüÄô°ÜüēđãÄ
Üçã¼ÄãüôþÛ· ÷ÑÌ ã° đ÷ĖļÐ÷üôçããēâ ôçĖđçÛþ ç÷ç»çđçø¼Ñ ÀĖÑļܰȩ HüēâþÝþÛ· çãÄ ÝçÎѼĖãÄ âēøÝÄãÑÄȤ þâÑÄÛÌüãçø¼Ñ ÜçâþãÑÜ°¼ēÛãÄȤ
ñç÷üôĖÄΰãÑÄ çôÑÄãü°¼ÛÑ ñôĖÄ÷üôĖÄããÄÛ çô°Ė ôçĖđèÛ þâÑÄÛÌüãçø¼Ñ âçüçôē¼Ėãē¼Ðȩ X÷Ėē÷üÜÑÄ ñçâç¼Ä ÀēÀ°Üüē¼ĖãÄ ñôçâçđ°ãÑ°
ÄÀþÜ°¼ÛÑ Ñ þ¼ĖÄãÑ° ÷ÑÌ ñôĖÄĖ Ė°»°đÌ ÷· ĖÎçÀãÄ Ė ãçôâ°âÑ »ÄĖñÑļĖÄä÷üđ° NãÑÑ þôçñÄÛ÷ÜÑÄÛȩ




















L .# #4L E -LZX4 ȴ 3N.L#3 #




BçÀ â°ôÜ· HüÑÄÍÄÝ #ãüÄô°¼üÑĐÄ çÍÄôþÛÄâē ÜçâñÝÄÜ÷çđÄ ôçĖđÑ·Ė°ãÑ° ÀÝ° ÷ĖÜèá đÄ đÀô°ę°ãÑþ
ãçđç¼ĖÄ÷ãē¼Ð ÑãüÄô°Üüēđãē¼Ð Íçôâ ã°þ¼Ė°ãÑ° ôÄãçâçđ°ãē¼Ð ñôçÀþ¼Äãüèđȩ
8ÍÄôçđ°ãÄ ü°»ÝÑ¼Ä ÑãüÄô°ÜüēđãÄ üç ñçñþÝ°ôãÄ â°ôÜÑ D838 Ñ WL -Ȥ ÜôèüÜççÎãÑ÷ÜçđÄ
ñôçÛÄÜüçôē H 4Z8Ȥ "#L "# Ñ BH84Ȥ W#W#L ȩ 3çãü°ę ü°»ÝѼ ÑãüÄô°Üüēđãē¼Ð Ñ ñôçÛÄÜüçôèđ
çÍÄôþÛÄâē ã° ęē¼ĖÄãÑÄ ÜÝÑÄãü° đ ÷ē÷üÄâÑÄȣ 4 HL 2 Ȥ BE] HNX4Z .N 38 #.4Zȩ

4çđçø½ȫ
















.8 NHZ















HL# . NE8 EL -ôē÷üÑ°ã -çâ°ãÀÄô
8Àôçđ·ę þÝȩ XÑÄÛ÷Ü° Ƶƻ Ȥ ƸƻɎƷƵƺ èô°ęÀęÄ
üÄÝȩȣ ʖƸƼ ƻƻ Ƹƺƻƻ ƷƼƼȤ âç»ÑÝȣ ʖƸƼ ƹƴƶ ƹƶƸ ƺƼƽ
đđđȮâ°ñē÷ĖÜçÝãÄȮñÝ

#4L E -LZX4 BE8 E 3Z N- Z,4



4çđç¼ĖÄ÷ãÄ ¼ēÍôçđÄ ÑãüÄô°ÜüēđãÄ ã°ôĖÌÀĖÑ° Àç ã°þ¼Ė°ãÑ° ÀĖÑÄ¼Ñ đ đÑÄÜþ ñôĖÄÀ÷ĖÜçÝãēâ Ñ ÷ĖÜçÝãēâȤ ñôçÎô°âē ÑãüÄô°ÜüēđãÄ
Üçã¼ÄãüôþÛ· ÷ÑÌ ã° đ÷ĖļÐ÷üôçããēâ ôçĖđçÛþ ç÷ç»çđçø¼Ñ ÀĖÑļܰȩ HüēâþÝþÛ· çãÄ ÝçÎѼĖãÄ âēøÝÄãÑÄȤ þâÑÄÛÌüãçø¼Ñ ÜçâþãÑÜ°¼ēÛãÄȤ
ñç÷üôĖÄΰãÑÄ çôÑÄãü°¼ÛÑ ñôĖÄ÷üôĖÄããÄÛ çô°Ė ôçĖđèÛ þâÑÄÛÌüãçø¼Ñ âçüçôē¼Ėãē¼Ðȩ X÷Ėē÷üÜÑÄ ñçâç¼Ä ÀēÀ°Üüē¼ĖãÄ ñôçâçđ°ãÑ°
ÄÀþÜ°¼ÛÑ Ñ þ¼ĖÄãÑ° ÷ÑÌ ñôĖÄĖ Ė°»°đÌ ÷· ĖÎçÀãÄ Ė ãçôâ°âÑ »ÄĖñÑļĖÄä÷üđ° NãÑÑ þôçñÄÛ÷ÜÑÄÛȩ




















L .# #4L E -LZX4 ȴ 3N.L#3 #




BçÀ â°ôÜ· HüÑÄÍÄÝ #ãüÄô°¼üÑĐÄ çÍÄôþÛÄâē ÜçâñÝÄÜ÷çđÄ ôçĖđÑ·Ė°ãÑ° ÀÝ° ÷ĖÜèá đÄ đÀô°ę°ãÑþ
ãçđç¼ĖÄ÷ãē¼Ð ÑãüÄô°Üüēđãē¼Ð Íçôâ ã°þ¼Ė°ãÑ° ôÄãçâçđ°ãē¼Ð ñôçÀþ¼Äãüèđȩ
8ÍÄôçđ°ãÄ ü°»ÝÑ¼Ä ÑãüÄô°ÜüēđãÄ üç ñçñþÝ°ôãÄ â°ôÜÑ D838 Ñ WL -Ȥ ÜôèüÜççÎãÑ÷ÜçđÄ
ñôçÛÄÜüçôē H 4Z8Ȥ "#L "# Ñ BH84Ȥ W#W#L ȩ 3çãü°ę ü°»ÝѼ ÑãüÄô°Üüēđãē¼Ð Ñ ñôçÛÄÜüçôèđ
çÍÄôþÛÄâē ã° ęē¼ĖÄãÑÄ ÜÝÑÄãü° đ ÷ē÷üÄâÑÄȣ 4 HL 2 Ȥ BE] HNX4Z .N 38 #.4Zȩ

4çđçø½ȫ
















.8 NHZ















HL# . NE8 EL -ôē÷üÑ°ã -çâ°ãÀÄô
8Àôçđ·ę þÝȩ XÑÄÛ÷Ü° Ƶƻ Ȥ ƸƻɎƷƵƺ èô°ęÀęÄ
üÄÝȩȣ ʖƸƼ ƻƻ Ƹƺƻƻ ƷƼƼȤ âç»ÑÝȣ ʖƸƼ ƹƴƶ ƹƶƸ ƺƼƽ
đđđȮâ°ñē÷ĖÜçÝãÄȮñÝ

8]POS SV]KMREPRI YFVEROE ^ FENIO


7TVE[ EF] 8[SNE TSGMIGLE TSG^YE WMI []NʈXOS[S NY˵ H^M˒







2EN[E˴RMINW^E NIWX GSH^MIRRE VEHSˑʉ 8[SNIKS (^MIGOE




(FENʈG GSH^MIRRMI S 2EW^I 4SGMIGL] GLGIQ] EF] ^E[W^I []KPʈHE] []NʈXOS[S M EF] G^Y] WMʚ []NʈXOS[S (PEXIKS ^ Q]˒Pʈ S RMGL WX[SV^]PM˒Q] WOPIT
[[[ YFMIVENH^MIGOS TP OXɹV] WTVE[ME ˵I ;EW^I H^MIGM FʚHʈ ^E[W^I SV]KMREPRMI M WX]PS[S YFVERI TSTV^I^ W^IVSOM []FɹV PMGIRGNSRS[ERIKS EWSVX]QIRXY
[ REW^]Q WOPITMI 9 REW YFMIV^IW^ W[SNI 4SGMIGL] SH HS VSOY ˵]GME []FMIVENʈG YFVERME ^ YPYFMSR]QM FSLEXIVEQM TVSWXS ^ FENOM

(SOEHEQ] [W^IPOMGL WXEVEʿ EF] ^EQɹ[MIRME F]] VIEPM^S[ERI F]WOE[MG^RMI E SJIVS[ER] XS[EV F] REN[]˵W^IN NEOS˒GM (^MʚOM ^EERKE˵S[ERMY REW^]GL
JEGLS[Gɹ[ OXɹV^] GLʚXRMI YH^MIPENʈ TSVEH ^EOYT] [ REW^]Q WOPITMI MRXIVRIXS[]Q WXENʈ WMʚ G^]WXʈ TV^]NIQRS˒GMʈ


9FVERME OXɹVI 4EʿWX[Y TVSTSRYNIQ] Wʈ SV]KMREPRI SVE^ []Vɹ˵RMENʈ WMʚ YRMOEPR]Q WX]PIQ M NEOS˒GMʈ NEO ^ FENOM H^MʚOM
G^IQY 8[SNI H^MIGOS ^E[W^I FʚH^MI []KPʈHES QSHRMI WX]PS[S E GS REN[E˵RMINW^I []NʈXOS[S .IWXI˒Q] TV^IOSRERM
˵I OE˵H] ^ 4EʿWX[E ^RENH^MI GS˒ HPE W[SNIKS H^MIGOE > REQM [W^]WXOMI 4EʿWX[E TSGMIGL] FʚHʈ []NʈXOS[I


















































7IVHIG^RMI ^ETVEW^EQ] HS 2EW^IKS WOPITY M ˵]G^]Q] YHER]GL ^EOYTɹ[
>IWTɹ 7OPITY [[[ YFMIVENH^MIGOS TP

8]POS SV]KMREPRI YFVEROE ^ FENIO


7TVE[ EF] 8[SNE TSGMIGLE TSG^YE WMI []NʈXOS[S NY˵ H^M˒







2EN[E˴RMINW^E NIWX GSH^MIRRE VEHSˑʉ 8[SNIKS (^MIGOE




(FENʈG GSH^MIRRMI S 2EW^I 4SGMIGL] GLGIQ] EF] ^E[W^I []KPʈHE] []NʈXOS[S M EF] G^Y] WMʚ []NʈXOS[S (PEXIKS ^ Q]˒Pʈ S RMGL WX[SV^]PM˒Q] WOPIT
[[[ YFMIVENH^MIGOS TP OXɹV] WTVE[ME ˵I ;EW^I H^MIGM FʚHʈ ^E[W^I SV]KMREPRMI M WX]PS[S YFVERI TSTV^I^ W^IVSOM []FɹV PMGIRGNSRS[ERIKS EWSVX]QIRXY
[ REW^]Q WOPITMI 9 REW YFMIV^IW^ W[SNI 4SGMIGL] SH HS VSOY ˵]GME []FMIVENʈG YFVERME ^ YPYFMSR]QM FSLEXIVEQM TVSWXS ^ FENOM

(SOEHEQ] [W^IPOMGL WXEVEʿ EF] ^EQɹ[MIRME F]] VIEPM^S[ERI F]WOE[MG^RMI E SJIVS[ER] XS[EV F] REN[]˵W^IN NEOS˒GM (^MʚOM ^EERKE˵S[ERMY REW^]GL
JEGLS[Gɹ[ OXɹV^] GLʚXRMI YH^MIPENʈ TSVEH ^EOYT] [ REW^]Q WOPITMI MRXIVRIXS[]Q WXENʈ WMʚ G^]WXʈ TV^]NIQRS˒GMʈ


9FVERME OXɹVI 4EʿWX[Y TVSTSRYNIQ] Wʈ SV]KMREPRI SVE^ []Vɹ˵RMENʈ WMʚ YRMOEPR]Q WX]PIQ M NEOS˒GMʈ NEO ^ FENOM H^MʚOM
G^IQY 8[SNI H^MIGOS ^E[W^I FʚH^MI []KPʈHES QSHRMI WX]PS[S E GS REN[E˵RMINW^I []NʈXOS[S .IWXI˒Q] TV^IOSRERM
˵I OE˵H] ^ 4EʿWX[E ^RENH^MI GS˒ HPE W[SNIKS H^MIGOE > REQM [W^]WXOMI 4EʿWX[E TSGMIGL] FʚHʈ []NʈXOS[I


















































7IVHIG^RMI ^ETVEW^EQ] HS 2EW^IKS WOPITY M ˵]G^]Q] YHER]GL ^EOYTɹ[
>IWTɹ 7OPITY [[[ YFMIVENH^MIGOS TP

4EXIRX RE WTEGIV ^ H[ɸNOʇ QEPYGLɸ[











































































>%1ɝ; 8)6%> (378%;/ʘ (0% 7;3.)+3 (>-)'/%
GMIW^ WMʚ W[SFSHR]Q M FI^WXVIWS[]Q WTEGIVIQ

4EXIRX RE WTEGIV ^ H[ɸNOʇ QEPYGLɸ[











































































>%1ɝ; 8)6%> (378%;/ʘ (0% 7;3.)+3 (>-)'/%
GMIW^ WMʚ W[SFSHR]Q M FI^WXVIWS[]Q WTEGIVIQ

.IWXIęQ] RMI^EPIĺR]Q FVERHIQ SH^MIĺS[]Q 7XE[MEQ] RE NEOSęÊ QEXIVMEö[
[]OSĄG^IRME M V¶ĺRSVSHRSęÊ [^SV¶[ ;MIV^]Q] TV^] X]Q ĺI HSFVE SH^MIĺ RMI

QYWM F]Ê HVSKE HPEXIKS WXEVEQ] WMÜ YXV^]QEÊ NEO RENPITW^] WXSWYRIO NEOSęGM
HS GIR] 4VSNIOX OSV^]WXE []ĂÈG^RMI ^I ęVSHO¶[ M WYVS[G¶[ HSWXÜTR]GL

[ 4SPWGI E [ W^G^IK¶PRSęGM [SNI[¶H^X[E /YNE[WOS 4SQSVWOMIKS

*VIIWLMSR NIWX EPXIVREX][È HPE ^HSQMRS[ERIKS TV^I^ OSVTSVEGNI

M GLMĄW^G^]^RÜ OVENS[IKS V]ROY SH^MIĺS[IKS

7^]NIQ] []ĂÈG^RMI YRMOEPRI OV¶XOMI WIVMI M G^ÜWXS ^QMIRMEQ] [^SV]

;W^]WXOS TS XS F] REW^E SH^MIĺ TS^SWXEĂE []NÈXOS[E


2EW^I [^SV] M OSPSV]WX]OE RE[MÈ^YNÈ HS RENPITW^]GL XVIRH¶[ QSH]
IYVSTINWOMIN TV^] ^EGLS[ERMY RENPITW^IN NEOSęGM []OSRERME





























>ETVEW^EQ] HS ^EOYT·[ M [WT·ăTVEG]











[[[ JVIIWLMSR TP


FEVXIO$JVIIWLMSR TP

.IWXIęQ] RMI^EPIĺR]Q FVERHIQ SH^MIĺS[]Q 7XE[MEQ] RE NEOSęÊ QEXIVMEö[
[]OSĄG^IRME M V¶ĺRSVSHRSęÊ [^SV¶[ ;MIV^]Q] TV^] X]Q ĺI HSFVE SH^MIĺ RMI

QYWM F]Ê HVSKE HPEXIKS WXEVEQ] WMÜ YXV^]QEÊ NEO RENPITW^] WXSWYRIO NEOSęGM
HS GIR] 4VSNIOX OSV^]WXE []ĂÈG^RMI ^I ęVSHO¶[ M WYVS[G¶[ HSWXÜTR]GL

[ 4SPWGI E [ W^G^IK¶PRSęGM [SNI[¶H^X[E /YNE[WOS 4SQSVWOMIKS

*VIIWLMSR NIWX EPXIVREX][È HPE ^HSQMRS[ERIKS TV^I^ OSVTSVEGNI

M GLMĄW^G^]^RÜ OVENS[IKS V]ROY SH^MIĺS[IKS

7^]NIQ] []ĂÈG^RMI YRMOEPRI OV¶XOMI WIVMI M G^ÜWXS ^QMIRMEQ] [^SV]

;W^]WXOS TS XS F] REW^E SH^MIĺ TS^SWXEĂE []NÈXOS[E


2EW^I [^SV] M OSPSV]WX]OE RE[MÈ^YNÈ HS RENPITW^]GL XVIRH¶[ QSH]
IYVSTINWOMIN TV^] ^EGLS[ERMY RENPITW^IN NEOSęGM []OSRERME





























>ETVEW^EQ] HS ^EOYT·[ M [WT·ăTVEG]











[[[ JVIIWLMSR TP


FEVXIO$JVIIWLMSR TP

'$1,6+ '(6,*1 72<6






388W E üç đÑÄÝçÜôçüãÑÄ ã°Îô°ÀĖ°ãÄȤ đē÷çÜÑÄÛ Û°Üçø¼Ñ ÀôÄđã°ÑãÄ
Ė°»°đÜÑȤ ÜüèôÄ Ė°ñÄđãÑ· ôçĖđèÛ ÄÀþÜ°¼ēÛãē çô°Ė ÷ñçáļĖãēȩ

,Ä÷ü ôèđãÑÄĖ ãÑÄĖ»ÌÀãē đ ôçĖđçÛþ þâÑÄÛÌüãçø¼Ñ
ÜççôÀēã°¼ēÛãçɎâçüçôē¼Ėãēâȩ

3ççĐÄô Ɏ ÷ñļ۰Ýã° ÷ÄôÑ° ȭÜÑãÀÄôΰôüÄãȭ Ɏ
Ė°»°đÜÑ Ė üôĖēÝÄüãÑ· Îđ°ô°ã¼Û· ÀÝ° ñôĖÄÀ÷ĖÜçÝÑ























































BôĖÄÀ÷ü°đѼÑÄÝ÷üđç 388W EL8ZH đ BçÝ÷¼Ä
HɓLE ]Ñâãç¼Ð ÷ñȮÛȮ
þÝȩ Ñ°áç÷üç¼Ü° ƹƴȤ ƵƺɎƴƵƴ X H#.-9X
đđđȮLçÀÝÄôȮñÝȤ ƹƴƵ ƶƵƷ ƷƷƺ

'$1,6+ '(6,*1 72<6






388W E üç đÑÄÝçÜôçüãÑÄ ã°Îô°ÀĖ°ãÄȤ đē÷çÜÑÄÛ Û°Üçø¼Ñ ÀôÄđã°ÑãÄ
Ė°»°đÜÑȤ ÜüèôÄ Ė°ñÄđãÑ· ôçĖđèÛ ÄÀþÜ°¼ēÛãē çô°Ė ÷ñçáļĖãēȩ

,Ä÷ü ôèđãÑÄĖ ãÑÄĖ»ÌÀãē đ ôçĖđçÛþ þâÑÄÛÌüãçø¼Ñ
ÜççôÀēã°¼ēÛãçɎâçüçôē¼Ėãēâȩ

3ççĐÄô Ɏ ÷ñļ۰Ýã° ÷ÄôÑ° ȭÜÑãÀÄôΰôüÄãȭ Ɏ
Ė°»°đÜÑ Ė üôĖēÝÄüãÑ· Îđ°ô°ã¼Û· ÀÝ° ñôĖÄÀ÷ĖÜçÝÑ























































BôĖÄÀ÷ü°đѼÑÄÝ÷üđç 388W EL8ZH đ BçÝ÷¼Ä
HɓLE ]Ñâãç¼Ð ÷ñȮÛȮ
þÝȩ Ñ°áç÷üç¼Ü° ƹƴȤ ƵƺɎƴƵƴ X H#.-9X
đđđȮLçÀÝÄôȮñÝȤ ƹƴƵ ƶƵƷ ƷƷƺ


















Click to View FlipBook Version
Previous Book
MP Amy
Next Book
oprem_invenico_katalog