67
LVLTTR
Ʋ63Ơ-,0$6.ơGXWơV&<%(;6ROXWLRQ4¿[QXJDUơOơWXUL
SULJOXVWLWRO\JLDLSULHYLUãXWLQơVDXWRPRELOLRVơG\QơVGDOLHV
1RULQWXåWLNULQWLPDNVLPDOǐVDXJXPąYDLNXLNơGXWơWXUơWǐEnjWL
VWDWDXVNDPSRSDGơW\MH
8<$5,&<%(;6ROXWLRQ4¿[¶LQNROWXNDUNDVÕDUDo
NROWX÷XQXQ\DVODQPDNÕVPÕLOHSDUDOHOROPDOÕGÕUdRFX÷XQX]
LoLQHQL\LNRUXPD\ÕVD÷OD\DELOPHNLoLQoRFXNNROWX÷XQRUPDO
GLNNRQXPGDROPDOÕGÕU
Ʋ63Ơ-,0$61LHNDGDQHSHUVXNLWHGLUåR
8<$5,.HPHULDVODGRODúWÕUPD\ÕQÕ]
Ʋ63Ơ-,0$6'LUåRVDJWLVOMRNLRPLVDSOLQN\EơPLVQHJDOL
LãVLWĊVWLLNLDSDWLQơVGLUåRSUDYHGLPRQXRURGRVN-HL
GLUåDVSHULOJDVãLDXWRNơGXWơQơUDWLQNDPDMnjVǐWUDQVSRUWR
SULHPRQHL
8<$5,$UDoNROWX÷XQXQNHPHUPDQGDOÕOKLoELUVXUHWWHDOW
NHPHUNÕ]D÷ÕQDNXODúPDPDOÕGÕU(÷HUNHPHUoRNX]XQVD
oRFXNNROWX÷XEXRWRPRELOLoLQX\JXQGH÷LOGHPHNWLU
3DVRGLQNLWHYDLNąƳNơGXWĊ,ãWUDXNLWHWULMǐWDãNǐGLUåąLUSUDYHVNLWH
ƳSULHNƳSURYDLNąXåVHNLWHMƳƳVDJWƳO
dRFX÷XQX]XNROWX÷XQDRWXUWXQX]hoQRNWDOÕNHPHULoRFX÷XQ
|QQGHQoHNLSNHPHUPDQGDOÕQDOGR÷UXJHoLULQL]
ƲYHVNLWHGLUåRVDJWLHVÄOLHåXYơOƳ³PƳVDJWƳO-HLLãJLUGRWH
VSUDJWHOơMLPąGLUåDVVDXJLDLXåVHJWDV-XRVPHQVGLUåRGDOƳ
SHUYHVNLWHQSHUDSDWLQHVGLUåRSUDYHGLPRQXRURGDVNDQW
YDLNRVDXJRVNơGXWơV'DEDUVWLSULDLSDWUDXNLWHMXRVPHQVGLUåą
QSDWUDXNGDPLƳVWULåąGLUåRGDOƳIWRONROQHOLNVODLVYXPR.XR
VWLSULDXƳWHPSWDVGLUåDVWXRGLGHVQơDSVDXJDQXRVXåHLGLPǐ
7RMHSXVơMHNXULRMHGLUåDVVXVHJWDVVDJWLPLDELGLUåRGDO\V
WLHNMXRVPHQVQWLHNƳVWULåRMLIWXULHLWLNDUWXSHUDSDWLQĊ
GLUåRSUDYHGLPRQXRURGą-HLJXGYHMRMDWHVXVLVLHNLWHVXVDYR
SDUGDYơMXDUJDPLQWRMX
.HPHUGLOLQLPNHPHUPDQGDOÕQDOLWLQL].OLNVHVL
GX\GX÷XQX]GDGR÷UXúHNLOGHED÷ODQPÕúGHPHNWLU.HPHULQ
GL]VWNÕVPÕQÕQoRFXNNROWX÷XQXQDOWNHPHUNÕ]DNODUÕQDN
WDNÕQÕ]*HYúHNOLNROPDPDVÕLoLQoDUSUD]NHPHULIoHNHUHN
GL]VWNHPHULQLQJHUGLULQL].HPHUQHNDGDUVÕNÕROXUVD
\DUDODQPD\DNDUúÕRNDGDUID]ODNRUXPDVD÷ODU.HPHU
PDQGDOÕQÕQ\DQÕQGDKHPoDUSUD]NHPHUIKHPGHGL]VW
NHPHULQDOWNHPHUNÕ]D÷ÕQDEHUDEHUWDNÕOPDOÕGÕUùSKHOL
GXUXPGDSHUDNHQGHFLVLQHYH\DUHWLFLVLQHEDúYXUXQX]
9$,.26(*,0$66$8*26',5ä8 d2&8..2/78..(0(5ø1ø1%$ö/$10$6,
'Ơ0(6,2-HLDXWRPRELOLRDSPXãDODLSDJDPLQWLLãPLQNãWǐ
DXGLQLǐSY]YHOLnjURRGRVLUWWJDOLSDVLUHLNãWLGơYơMLPRVL
SRå\PLDLNLVWLVSDOYD.DGWRLãYHQJWXPơWHUHNRPHQGXRMDPH
SRYDLNRNơGXWHSDWLHVWLSY]SDWLHVDOąDUUDQNãOXRVWƳ7XRSDþLX
QRULPHDWNUHLSWLMnjVǐGơPHVƳƳPnjVǐYDO\PRLQVWUXNFLMDVNXULDV
EnjWLQDƳY\NG\WLSULHãSUDGHGDQWQDXGRWLNơGXWĊ
'ø..$7<XPXúDNPDO]HPHGHQ|UQSHOúGHULYE\DSÕOPÕú
RODQED]ÕDUDoNROWX÷XNÕOÕÀDUÕ\ÕSUDQPDYHUHQNVL]OHúPHEHOLUWLOHUL
J|VWHUHELOLU%XQX|QOHPHNLoLQoRFXNNROWX÷XQXQDOWÕQD|UQH÷LQ
ELUKDYOXNR\DELOLUVLQL]<LQHEXED÷ODPGDVL]HLONNXOODQÕPGDQ
LWLEDUHQPXWODNDX\XOPDVÕJHUHNHQWHPL]OLNWDOLPDWODUÕQÕWDNLS
HWPHQL]L|QHULUL]