- 64 -
ȈȊȃǻǼȈǼǿȈȉȅȊȀȊȀȁȍȂǹȉȅȈȈȊīȀȅȁȁǾȈǾȈȈǼȉȇȅȆȅȉ,*
ȈȪȞįİıȘıIJȘijȚȐȜȘĮİȡȓȠȣ
ǺȚįȫıIJİIJȠȝİȚȦIJȒȡĮʌȓİıȘȢıIJȘȕĮȜȕȓįĮIJȘȢijȚȐȜȘȢĮİȡȓȠȣIJȠʌȠșİIJȫȞIJĮȢĮȞȐȝİıĮ
ĮȞĮȞĮȖțĮȓȠIJȘȞİȚįȚțȒʌȡȠıĮȡȝȠȖȒʌȠȣʌȡȠȝȘșİȪİIJĮȚȦȢİȟȐȡIJȘȝĮ
ȈȣȞįȑıIJİ IJȠ ıȦȜȒȞĮ İȚıȩįȠȣ IJȠȣ ĮİȡȓȠȣ ıIJȠ ȝİȚȦIJȒȡĮ țĮȚ ıijĮȜȓıIJİ IJȘȞ
ʌȡȠȝȘșİȣȩȝİȞȘȜȦȡȓįĮ
ȋĮȜĮȡȫıIJİIJȠįĮțIJȪȜȚȠȡȪșȝȚıȘȢIJȠȣȝİȚȦIJȒȡĮʌȓİıȘȢʌȡȚȞĮȞȠȓȟİIJİIJȘȕĮȜȕȓįĮIJȘȢ
ijȚȐȜȘȢ
ǹȞȠȓȟIJİIJȘijȚȐȜȘțĮȚȡȣșȝȓıIJİIJȘȞʌȠıȩIJȘIJĮĮİȡȓȠȣOPLQıȪȝijȦȞĮȝİIJĮİȞįİȚțIJȚțȐ
įİįȠȝȑȞĮ ȤȡȒıȘȢ ȕȜȑʌİ ʌȓȞĮțĮ Ȇǿȃ ǼȞįİȤȩȝİȞİȢ įȚȠȡșȫıİȚȢ IJȘȢ İțȡȠȒȢ
ĮİȡȓȠȣȝʌȠȡȠȪȞȞĮİțIJİȜİıIJȠȪȞțĮȚțĮIJȐIJȘįȚȐȡțİȚĮIJȘȢıȣȖțȩȜȜȘıȘȢİȞİȡȖȫȞIJĮȢ
ʌȐȞIJĮıIJȠįĮțIJȪȜȚȠ IJȠȣ ȝİȚȦIJȒȡĮ ʌȓİıȘȢ ǼȜȑȖȟIJİ IJȠțȡȐIJȘȝĮ ıȦȜȘȞȫıİȦȞțĮȚ
ıȣȞįȑıİȦȞ
ȆȇȅȈȅȋdzȀȜİȓȞİIJİʌȐȞIJĮIJȘȕĮȜȕȓįĮIJȘȢijȚȐȜȘȢĮİȡȓȠȣıIJȠIJȑȜȠȢ
IJȘȢİȡȖĮıȓĮȢ
ȈȪȞįİıȘțĮȜȦįȓȠȣİʌȚıIJȡȠijȒȢIJȠȣȡİȪȝĮIJȠȢıȣȖțȩȜȜȘıȘȢ
ȆȡȑʌİȚȞĮıȣȞįİșİȓıIJȠȣȜȚțȩȣʌȩțĮIJİȡȖĮıȓĮȒıIJȠȝİIJĮȜȜȚțȩʌȐȖțȠȩʌȠȣĮȣIJȩ
ıIJȘȡȓȗİIJĮȚȩıȠȞIJȠįȣȞĮIJȩȞʌȚȠțȠȞIJȐıIJȘıȪȞįİıȘȣʌȩİțIJȑȜİıȘǹȣIJȩIJȠțĮȜȫįȚȠ
ʌȡȑʌİȚȞĮıȣȞįİșİȓıIJȠȞĮțȡȠįȑțIJȘȝİıȪȝȕȠȜȠǼȚț%
ȁȐȝʌĮ
ǼȚıȐȖİIJİIJȠțĮȜȫįȚȠȡİȪȝĮIJȠȢıIJȠȞİȚįȚțȩIJĮȤȣıȪȞįİıȝȠǼȚț%ȈȣȞįȑıIJİIJȠ
ıȦȜȒȞĮĮİȡȓȠȣIJȘȢȜȐȝʌĮȢıIJȘijȚȐȜȘ
ȈȊȃǻǼȈǼǿȈȉȅȊȀȊȀȁȍȂǹȉȅȈȈȊīȀȅȁȁǾȈǾȈȈǼȉȇȅȆȅȂȂǹ
ȉĮʌİȡȚııȩIJİȡĮıȤİįȩȞİʌȚțĮȜȣȝȝȑȞĮȘȜİțIJȡȩįȚĮıȣȞįȑȠȞIJĮȚıIJȠșİIJȚțȩʌȩȜȠIJȘȢ
ȖİȞȞȒIJȡȚĮȢȀĮIJ¶İȟĮȓȡİıȘıIJȠȞĮȡȞȘIJȚțȩʌȩȜȠıȣȞįȑȠȞIJĮȚIJĮȘȜİțIJȡȩįȚĮȝİȩȟȚȞȘ
İʌȚțȐȜȣȥȘ
ȈȪȞįİıȘțĮȜȫįȚȠıȣȖțȩȜȜȘıȘȢȜĮȕȓįĮȘȜİțIJȡȠįȓȠȣ
ĭȑȡȞİȚıIJȠIJİȡȝĮIJȚțȩȑȞĮȞİȚįȚțȩĮțȡȠįȑțIJȘʌȠȣȤȡİȚȐȗİIJĮȚȖȚĮȞĮıijĮȜȓȗİȚIJȠĮțȐȜȣʌIJȠ
ȝȑȡȠȢ IJȠȣ ȘȜİțIJȡȠįȓȠȣ ǹȣIJȩ IJȠ țĮȜȫįȚȠ ʌȡȑʌİȚ ȞĮ ıȣȞįİșİȓ ıIJȠȞ ĮțȡȠįȑțIJȘ ȝİ
ıȪȝȕȠȜȠǼȚț%
ȈȪȞįİıȘțĮȜȦįȓȠȣİʌȚıIJȡȠijȒȢIJȠȣȡİȪȝĮIJȠȢıȣȖțȩȜȜȘıȘȢ
ȆȡȑʌİȚȞĮıȣȞįİșİȓıIJȠȣȜȚțȩȣʌȩțĮIJİȡȖĮıȓĮȒıIJȠȝİIJĮȜȜȚțȩʌȐȖțȠȩʌȠȣĮȣIJȩ
ıIJȘȡȓȗİIJĮȚȩıȠȞIJȠįȣȞĮIJȩȞʌȚȠțȠȞIJȐıIJȘıȪȞįİıȘȣʌȩİțIJȑȜİıȘǹȣIJȩIJȠțĮȜȫįȚȠ
ʌȡȑʌİȚȞĮıȣȞįİșİȓıIJȠȞĮțȡȠįȑțIJȘȝİıȪȝȕȠȜȠǼȚț%
ĭȅȇȉȍȈǾȆǾȃǿȅȊȈȊȇȂǹȉȅȈǼȚț***
ȆȇȅȈȅȋǾ Ȇȇǿȃ ȄǼȀǿȃǾȈǼȉǼ ȉǿȈ ǼȃǼȇīǼǿǼȈ ĭȅȇȉȍȈǾȈ ȉȅȊ
ȈȊȇȂǹȉȅȈǺǼǺǹǿȍĬǼǿȉǼȅȉǿǾȈȊȈȀǼȊǾȈȊīȀȅȁȁǾȈǾȈǼǿȃǹǿȈǺǾȈȉǾȀǹǿ
ǹȆȅȈȊȃǻǼǻǼȂǼȃǾǹȆȅȉȅǻǿȀȉȊȅȉȇȅĭȅǻȅȈǿǹȈ
ǼȁǼīȄȉǼȅȉǿȅǿȀȊȁǿȃǻȇȅǿȉȇȅĭȅǻȅȈǿǹȈ ȈȊȇȂǹȉȅȈȉȅȈȆǿȇǹȁ ȅǻǾīȅȈ
ȀǹǿȉȅȈȍȁǾȃǹȀǿǼȆǹĭǾȈȉǾȈȁǹȂȆǹȈǹȃȉǿȈȉȅǿȋȅȊȃȈȉǾǻǿǹȂǼȉȇȅȀǹǿ
ȈȉȅȃȉȊȆȅ ȈȊȇȂǹȉȅȈ ȆȅȊȆȇȅȀǼǿȉǹǿ ȃǹ ȋȇǾȈǿȂȅȆȅǿǾȈǼȉǼ ȀǹĬȍȈ Ȁǹǿ
ȅȉǿ Ǽǿȃǹǿ ȈȍȈȉǹ ǼīȀǹȉǼȈȉǾȂǼȃǹ Ȁǹȉǹ ȉǿȈ ǼȃǼȇīǼǿǼȈ ǼǿȈǹīȍīǾȈ ȉȅȊ
ȈȊȇȂǹȉȅȈȂǾȃȋȇǾȈǿȂȅȆȅǿǼǿȉǼīǹȃȉǿǹȆȇȅȈȉǹȈǿǹȈ
ǹȞȠȓȟIJİIJȠʌȠȡIJȐțȚIJȘȢȣʌȠįȠȤȒȢĮȞȑȝȘȢ
ȄİȕȚįȫıIJİIJȠįĮțIJȪȜȚȠʌȠȣĮțȚȞȘIJȠʌȠȚİȓIJȠʌȘȞȓȠ
ȉȠʌȠșİIJȒıIJİIJȠʌȘȞȓȠıȪȡȝĮIJȠȢıIJȘȞĮȞȑȝȘǺİȕĮȚȦșİȓIJİȩIJȚIJȠĮȟȠȞȐțȚıȣȡıȓȝĮIJȠȢ
IJȘȢĮȞȑȝȘȢİȓȞĮȚıȦıIJȐİȖțĮIJİıIJȘȝȑȞȠıIJȘȞʌȡȠȕȜİʌȩȝİȞȘȣʌȠįȠȤȒD.
ǺȚįȫıIJİ IJȠ įĮțIJȪȜȚȠ ʌȠȣ ĮțȚȞȘIJȠʌȠȚİȓ IJȠ ʌȘȞȓȠ IJȠʌȠșİIJȫȞIJĮȢ İȞįȚȐȝİıĮ ĮȞ
ȤȡİȚȐȗİIJĮȚIJȘȞĮʌĮȚIJȠȪȝİȞȘĮʌȩıIJĮıȘD.
ǹʌİȜİȣșİȡȫıIJİIJȠȞĮȞIJȚțȪȜȚȞįȡȠʌȓİıȘȢțĮȚĮʌȠȝĮțȡȪȞİIJȑIJȠȞĮʌȩIJȠȞIJȠȣȢțȐIJȦ
țȪȜȚȞįȡȠȠȣȢD,
ǺİȕĮȚȦșİȓIJİȩIJȚIJȠIJĮȡȠȜȩȐıȣȡıȓȝĮIJȠȢİȓȞĮȚțĮIJȐȜȜȘȜȠĮȖȚĮIJȠȤȡȘıȚȝȠʌȠȚȠȪȝİȞȠ
ıȪȡȝĮE.
ǹʌİȜİȣșİȡȫıIJİIJȘȞĮȡȤȒIJȠȣıȪȡȝĮIJȠȢĮijĮȚȡȑıIJİIJȘȞʌĮȡĮȝȠȡijȦȝȑȞȘȐțȡȘȝİ
țĮșĮȡȒțȠʌȒȤȦȡȓȢʌȡȠİȟȠȤȑȢʌİȡȚıIJȡȑȥIJİIJȠʌȘȞȓȠĮȡȚıIJİȡȩıIJȡȠijĮțĮȚȠįȘȖȒıIJİ
IJȘȞȐțȡȘIJȠȣıȪȡȝĮIJȠȢȝȑıĮıIJȠȞȠįȘȖȩİȚıȩįȠȣıʌȡȫȤȞȠȞIJȐȢIJȘȞțĮIJȐ
PPıIJȠȞȠįȘȖȩIJȘȢıȪȞįİıȘȢȜȐȝʌĮȢF.
ȄĮȞĮIJȠʌȠșİIJȒıIJİIJȠȞIJȠȣȢțȪȜȚȞįȡȠȠȣȢȡȣșȝȓȗȠȞIJĮȢIJȘȞʌȓİıȘıİİȞįȚȐȝİıȘIJȚȝȒ
țĮȚ ȕİȕĮȚȦșİȓIJİ ȩIJȚ IJȠ ıȪȡȝĮ İȓȞĮȚ ıȦıIJȐ IJȠʌȠșİIJȘȝȑȞȠ ıIJȘȞ țȠȚȜȩIJȘIJĮ IJȠȣIJȦȞ
țȐIJȦțȣȜȓȞįȡȠȣȦȞ.
ǹijĮȚȡȑıIJİIJȠıIJȩȝȚȠțĮȚIJȠıȦȜȘȞȐțȚİʌĮijȒȢD.
ǼȖțĮIJĮıIJȒıIJİ IJȠ ȕȪıȝĮ IJȘȢ ıȣıțİȣȒȢ ıȣȖțȩȜȜȘıȘȢ ıIJȘȞ ʌȡȓȗĮ IJȡȠijȠįȠıȓĮȢ
ĮȞȐȥIJİIJȘıȣıțİȣȒʌȚȑıIJİIJȠʌȜȒțIJȡȠȜȐȝʌĮȢȒIJȠʌȜȒțIJȡȠʌȡȩȦıȘȢıȪȡȝĮIJȠȢ
ǼȚț&țĮȚʌİȡȚȝȑȞİIJİȝȑȤȡȚȘĮȡȤȒIJȠȣıȪȡȝĮIJȠȢįȚĮȞȪȠȞIJĮȢȩȜȠIJȠıʌȚȡȐȜȕȖİȚ
țĮIJȐ FP Įʌȩ IJȠ ȝʌȡȠıIJȚȞȩ ȝȑȡȠȢIJȘȢ ȜȐȝʌĮȢǹʌİȜİȣșİȡȫıIJİȜȠȚʌȩȞIJȠ
ʌȜȒțIJȡȠ
ȆȇȅȈȅȋǾ ȀĮIJȐ IJȚȢ İȞȑȡȖİȚİȢ ĮȣIJȑȢ IJȠ ıȪȡȝĮ İȓȞĮȚ ȣʌȩ ȘȜİțIJȡȚțȒ
IJȐıȘ țĮȚ ȣʌȠȕȐȜȜİIJĮȚ ıİ ȝȘȤĮȞȚțȒ įȪȞĮȝȘ ȂʌȠȡİȓ ȜȠȚʌȩȞ ȞĮ ʌȡȠțĮȜȑıİȚ
ĮȞįİȞ ȣȚȠșİIJȠȪȞIJĮȚțĮIJȐȜȜȘȜĮȝȑIJȡĮ țȓȞįȣȞȠȘȜİțIJȡȠʌȜȘȟȓĮȢIJȡĮȪȝĮIJĮțĮȚ
İȝʌȪȡİȣȝĮIJȩȟȦȞ
ȂȘȞțĮIJİȣșȪȞİIJİIJȠıIJȩȝĮIJȘȢȜȐȝʌĮȢʌȡȠȢȝȑȡȘIJȠȣıȫȝĮIJȠȢ
ȂȘȞʌȜȘıȚȐȗİIJİIJȘȜȐȝʌĮıIJȘijȚȐȜȘ
ǼʌĮȞĮIJȠʌȠșİIJȒıIJİıIJȘȜȐȝʌĮIJȠıȦȜȘȞȐțȚİʌĮijȒȢțĮȚIJȠıIJȩȝȚȠE.
ǺİȕĮȚȦșİȓIJİ ȩIJȚ Ș ʌȡȩȦıȘ IJȠȣ ıȪȡȝĮIJȠȢ İȓȞĮȚ ȠȝĮȜȒ ȇȣșȝȓıIJİ IJȘȞ ʌȓİıȘ IJȦȞ
țȣȜȓȞįȡȦȞ țĮȚ IJȠ ijȡİȞȐȡȚıȝĮ IJȘȢ ĮȞȑȝȘȢ E ıİ ȩıȠ IJȠ įȣȞĮIJȩȞ ȤĮȝȘȜȩIJİȡİȢ
IJȚȝȑȢİȜȑȖȤȠȞIJĮȢȩIJȚIJȠıȪȡȝĮ įİȞȖȜȚıIJȡȐıIJȘȞ țȠȚȜȩIJȘIJĮțĮȚȩIJȚȩIJĮȞıIJĮȝĮIJȐİȚ
IJȠıȪȡıȚȝȠȠȚȑȜȚțİȢıȪȡȝĮIJȠȢįİȞȤĮȜĮȡȫȞȠȣȞȜȩȖȦȣʌİȡȕȠȜȚțȒȢĮįȡȐȞİȚĮȢIJȠȣ
ʌȘȞȓȠȣ
ȀȩȥIJİIJȘȞȐțȡȘIJȠȣıȪȡȝĮIJȠȢʌȠȣȕȖĮȓȞİȚĮʌȩIJȠıIJȩȝȚȠıİPP
ȀȜİȓıIJİIJȠʌȠȡIJȐțȚIJȘȢȣʌȠįȠȤȒȢĮȞȑȝȘȢ
ǹȃȉǿȀǹȉǹȈȉǹȈǾȉȅȊȈȆǿȇǹȁȈȊȇȂǹȉȅȈȈȉǾȁǹȂȆǹǼǿȀ+
ȆȡȚȞʌȡȠȤȦȡȒıİIJİıIJȘȞĮȞIJȚțĮIJȐıIJĮıȘIJȠȣıʌȚȡȐȜĮʌȜȫıIJİIJȠțĮȜȫįȚȠIJȘȢȜȐȝʌĮȢ
ĮʌȠijİȪȖȠȞIJĮȢ
ȞĮıȤȘȝĮIJȓȗİȚțĮȝʌȪȜİȢ
ȈʌȚȡȐȜȖȚĮıȪȡȝĮIJĮĮʌȩȤȐȜȣȕĮ
ǹʌȠıȣȞįȑıIJİIJȠıIJȩȝȚȠțĮȚIJȠıȦȜȘȞȐțȚİʌĮijȒȢĮʌȩIJȘȞțİijĮȜȒIJȘȢȜȐȝʌĮȢ
ȄİȕȚįȫıIJİIJȠʌĮȟȚȝȐįȚʌȠȣĮțȚȞȘIJȠʌȠȚİȓIJȠıʌȚȡȐȜIJȠȣțİȞIJȡȚțȠȪıȣȞįȑıȝȠȣțĮȚ
ĮijĮȚȡȑıIJİIJȠıʌȚȡȐȜ
ǼȚıȐȖİIJİ IJȠ ȞȑȠ ıʌȚȡȐȜ ıIJȠȞ ĮȖȦȖȩ țĮȜȦįȓȠȣȜȐȝʌĮȢ țĮȚ ıʌȡȫȟIJİ IJȠ ĮʌĮȜȐ
ȝȑȤȡȚȞĮȕȖİȓĮʌȩIJȘȞțİijĮȜȒIJȘȢȜȐȝʌĮȢ
ǺȚįȫıIJİȟĮȞȐIJȠʌĮȟȚȝȐįȚĮțȚȞȘIJȠʌȠȓȘıȘȢIJȠȣıʌȚȡȐȜȝİIJȠȤȑȡȚ
ȀȩȥIJİȓıȚĮIJȠįȚȐıIJȘȝĮIJȠȣıʌȚȡȐȜʌȠȣʌȡȠİȟȑȤİȚıȣȝʌȚȑȗȠȞIJȐȢIJȠĮʌĮȜȐǺȖȐȜIJİ
IJȘȞȟĮȞȐĮʌȩIJȠțĮȜȫįȚȠȜȐȝʌĮȢ
ȁİȚȐȞİIJİ IJȘȞ ʌİȡȚȠȤȒ țȠʌȒȢ IJȠȣ ıʌȚȡȐȜ țĮȚ IJȠʌȠșİIJȒıIJİ ȟĮȞȐ ıIJȠȞ ĮȖȦȖȩ
țĮȜȦįȓȠȣȜȐȝʌĮȢ
ǺȚįȫıIJİıIJȘıȣȞȑȤİȚĮIJȠʌĮȟȚȝȐįȚıijȓȖȖȠȞIJȐȢIJȠȝİİȚįȚțȩțȜİȚįȓ
ǼʌĮȞĮIJȠʌȠșİIJȒıIJİIJȠıȦȜȘȞȐțȚİʌĮijȒȢțĮȚIJȠıIJȩȝȚȠ
ȈʌȚȡȐȜĮʌȩıȣȞșİIJȚțȩȣȜȚțȩȖȚĮıȪȡȝĮIJĮĮȜȠȣȝȚȞȓȠȣ
ǼțIJİȜȑıIJİIJȚȢ İȞȑȡȖİȚİȢ ȩʌȦȢȖȚĮIJȠıʌȚȡȐȜȤȐȜȣȕĮȝȘȞȜȐȕİIJİȣʌȩȥȘIJȚȢ
İȞȑȡȖİȚİȢ
ǺȚįȫıIJİȟĮȞȐIJȠıȦȜȘȞȐțȚİʌĮijȒȢȖȚĮĮȜȠȣȝȓȞȚȠİȜȑȖȤȠȞIJĮȢȩIJȚȑȡȤİIJĮȚıİİʌĮijȒ
ȝİIJȠıʌȚȡȐȜ
ǼȚıȐȖİIJİ ıIJȘȞ ĮȞIJȓșİIJȘȐțȡȘIJȠȣıʌȚȡȐȜ ʌȜİȣȡȐ ıȪȞįİıȘȢ ȜȐȝʌĮȢIJȠQLSSOH
Įʌȩ ȠȡİȓȤĮȜțȠIJȠ įĮțIJȪȜȚȠ 25 țĮȚ įȚĮIJȘȡȫȞIJĮȢ IJȠ ıʌȚȡȐȜ ıİ İȜĮijȡȐʌȓİıȘ
ıijĮȜȓıIJİIJȠʌĮȟȚȝȐįȚĮțȚȞȘIJȠʌȠȓȘıȘȢıʌȚȡȐȜȉȠIJȝȒȝĮIJȠȣıʌȚȡȐȜʌȠȣʌȡȠİȟȑȤİȚ
șĮ ĮijĮȚȡİșİȓ ĮȞȐȜȠȖĮ ȝİ IJȠȝȒțȠȢ ıIJȘ ıȣȞȑȤİȚĮ ȕȜL ǹijĮȚȡȑıIJİ ĮʌȩIJȠ
ıȪȞįİıȝȠȜȐȝʌĮȢIJȠȜİʌIJȩıȦȜȒȞĮȖȚĮıʌȚȡȐȜȤȐȜȣȕĮ
ǻǼȃ ȆȇȅǺȁDzȆǼȉǹǿ ȅȁǼȆȉȅȈ ȈȍȁǾȃǹȈ ȖȚĮ ıʌȚȡȐȜ ĮȜȠȣȝȚȞȓȠȣ įȚĮȝȑIJȡȠȣ
PPțȓIJȡȚȞȠȤȡȫȝĮȉȠıʌȚȡȐȜșĮȟĮȞĮIJȠʌȠșİIJȘșİȓįȘȜĮįȒıIJȠıȪȞįİıȝȠ
ȜȐȝʌĮȢȤȦȡȓȢĮȣIJȩȞ
ȀȩȥIJİIJȠȞIJȡȚȤȠİȚįȒıȦȜȒȞĮȖȚĮıʌȚȡȐȜĮȜȠȣȝȚȞȓȠȣįȚĮȝȑIJȡȠȣPPțȩțțȚȞȠȣ
ȤȡȫȝĮIJȠȢıİȝȒțȠȢțĮIJȐPPʌİȡȓʌȠȣȜȚȖȩIJİȡȠĮʌȩIJȠıȦȜȒȞĮȤȐȜȣȕĮțĮȚ
IJȠʌȠșİIJȒıIJİIJȠȞȝȑıĮıIJȘȞİȜİȪșİȡȘȐțȡȘIJȠȣıʌȚȡȐȜ
ǼȖțĮIJĮıIJȒıIJİ țĮȚ ıIJĮșİȡȠʌȠȚȒıIJİ IJȘ ȜȐȝʌĮ ıIJȠ ıȪȞįİıȝȠ IJȘȢ IJȡȠijȠįȠıȓĮȢ
ıȪȡȝĮIJȠȢıȘȝĮįȑȥIJİ IJȠ ıʌȚȡȐȜ ıİ PP ĮʌȩıIJĮıȘȢĮʌȩ IJȠȣȢ țȣȜȓȞįȡȠȣȢ
ĮijĮȚȡȑıIJİȟĮȞȐIJȘȜȐȝʌĮ
ȀȩȥIJİIJȠıʌȚȡȐȜıIJȠʌȡȠȕȜİʌȩȝİȞȠȝȒțȠȢȤȦȡȓȢȞĮʌĮȡĮȝȠȡijȫıİIJİIJȠʌȑȡĮıȝĮ
İȚıȩįȠȣ
ǼȖțĮIJĮıIJȒıIJİ ȟĮȞȐ IJȘ ȜȐȝʌĮ ıIJȠ ıȪȞįİıȝȠ IJȘȢ IJȡȠijȠįȠıȓĮȢ ıȪȡȝĮIJȠȢ țĮȚ
ıȣȞĮȡȝȠȜȠȖȒıIJİIJȠıIJȩȝȚȠĮİȡȓȠȣ
ĭȅȇȉȍȈǾȆǾȃǿȅȊȈȊȇȂǹȉȅȈȈȉȅ6322/*81ȝȩȞȠİțįȠȤȒȝȠȞȒȜȐȝʌĮ
ǼȚț,
ȆȇȅȈȅȋǾ Ȇȇǿȃ ȄǼȀǿȃǾȈǼȉǼ ȉǿȈ ǼȃǼȇīǼǿǼȈ ĭȅȇȉȍȈǾȈ ȉȅȊ
ȈȊȈȇȂǹȉȅȈǺǼǺǹǿȍĬǼǿȉǼȅȉǿǾȈȊȈȀǼȊǾȈȊīȀȅȁȁǾȈǾȈǼǿȃǹǿȈǺǾȈȉǾȀǹǿ
ǹȆȅȈȊȃǻǼǻǼȂǼȃǾǹȆȅȉȅǻǿȀȉȊȅȉȇȅĭȅǻȅȈǿǹȈǾȅȉǿȉȅ6322/*81
ǼǿȃǹǿǹȆȅȈȊȃǻǼǻǼȂǼȃȅǹȆȅȉǾȈȊȈȀǼȊǾȈȊīȀȅȁȁǾȈǾȈ
ǼȁǼīȄȉǼ ȅȉǿ ȅǿ ȀȊȁǿȃǻȇȅǿ ȉȇȅĭȅǻȅȈǿǹȈ ȈȊȇȂǹȉȅȈ ȉȅ ȈȆǿȇǹȁ Ȁǹǿ ȉȅ
ȈȍȁǾȃǹȀǿ ǼȆǹĭǾȈ ȉȅȊ 6322/ *81 ǹȃȉǿȈȉȅǿȋȅȊȃ ȈȉǾ ǻǿǹȂǼȉȇȅ Ȁǹǿ
ȈȉȅȃȉȊȆȅ ȈȊȇȂǹȉȅȈ ȆȅȊȆȇȅȀǼǿȉǹǿ ȃǹ ȋȇǾȈǿȂȅȆȅǿǾȈǼȉǼ ȀǹĬȍȈ Ȁǹǿ
ȅȉǿ Ǽǿȃǹǿ ȅȇĬǹ ǼīȀǹȉǼȈȉǾȂǼȃǹ Ȁǹȉǹ ȉǿȈ ǼȃǼȇīǼǿǼȈ ǼǿȈǹīȍīǾȈ ȉȅȊ
ȈȊȇȂǹȉȅȈȂǾȃȋȇǾȈǿȂȅȆȅǿǼǿȉǼīǹȃȉǿǹȆȇȅȈȉǹȈǿǹȈ
ǹijĮȚȡȑıIJİIJȠțȐȜȣȝȝĮȟİȕȚįȫȞȠȞIJĮȢIJȘȞİȚįȚțȒȕȓįĮ
ȉȠʌȠșİIJȒıIJİIJȠʌȘȞȓȠIJȠȣıȪȡȝĮIJȠȢıIJȘȞĮȞȑȝȘ
ǹʌİȜİȣșİȡȫıIJİ IJȠȞ ĮȞIJȚțȪȜȚȞįȡȠ ʌȓİıȘȢ țĮȚ ĮʌȠȝĮțȡȪȞİIJȑ IJȠȞ Įʌȩ IJȠȞ țȐIJȦ
țȪȜȚȞįȡȠ
ǹʌİȜİȣșİȡȫıIJİ IJȘȞ ĮȡȤȒ IJȠȣ ıȪȡȝĮIJȠȢ ĮijĮȚȡȑıIJİ IJȘȞ ʌĮȡĮȝȠȡijȦȝȑȞȘ ȐțȡȘ
ȝİ țĮșĮȡȒ țĮȚ ĮʌȠijĮıȚıȝȑȞȘ țȠʌȒ ȤȦȡȓȢ ʌȡȠİȟȠȤȑȢ ʌİȡȚıIJȡȑȥIJİ IJȠ ʌȘȞȓȠ
ĮȡȚıIJİȡȩıIJȡȠijĮțĮȚȠįȘȖȒıIJİ IJȘȞȐțȡȘIJȠȣıȪȡȝĮIJȠȢȝȑıĮıIJȠȞ ȠįȘȖȩİȚıȩįȠȣ
ıʌȡȫȤȞȠȞIJȐȢIJȠțĮIJȐPPȝȑıĮıIJȠĮțȡȠijȪıȚȠ
ȄĮȞĮIJȠʌȠșİIJȒıIJİIJȠȞĮȞIJȚțȪȜȚȞįȡȠ ȡȣșȝȓȗȠȞIJĮȢIJȘȞʌȓİıȒIJȠȣıİ İȞįȚȐȝİıȘ IJȚȝȒ
țĮȚ ȕİȕĮȚȦșİȓIJİ ȩIJȚ IJȠ ıȪȡȝĮ İȓȞĮȚ ȠȡșȐ IJȠʌȠșİIJȘȝȑȞȠ ıIJȘȞ țȠȚȜȩIJȘIJĮ IJȠȣ țȐIJȦ
țȣȜȓȞįȡȠȣ
ĭȡİȞȐȡİIJİİȜĮijȡȐIJȘȞĮȞȑȝȘİȞİȡȖȫȞIJĮȢıIJȘȞİȚįȚțȒȕȓįĮȡȪșȝȚıȘȢ
Ȃİ6322/*81ıȣȞįİįİȝȑȞȠIJȠʌȠșİIJȒıIJİIJȠȕȪıȝĮIJȘȢıȣıțİȣȒȢıȣȖțȩȜȜȘıȘȢ
ıIJȘȞʌȡȓȗĮIJȡȠijȠįȠıȓĮȢĮȞȐȥIJİIJȘıȣıțİȣȒʌȚȑıIJİIJȠʌȜȒțIJȡȠIJȠȣVSRROJXQțĮȚ
ʌİȡȚȝȑȞİIJİȝȑȤȡȚ ȘĮȡȤȒIJȠȣıȪȡȝĮIJȠȢįȚĮȞȪȠȞIJĮȢȩȜȠIJȠıʌȚȡȐȜ ȕȖİȚțĮIJȐ
PPĮʌȩIJȠȝʌȡȠıIJȚȞȩȝȑȡȠȢIJȘȢȜȐȝʌĮȢǹʌİȜİȣșİȡȫıIJİȜȠȚʌȩȞIJȠʌȜȒțIJȡȠ
ȜȐȝʌĮȢ
ȈȊīȀȅȁȁǾȈǾ0,*0$*ȆǼȇǿīȇǹĭǾǻǿǹǻǿȀǹȈǿǹȈ
6+257$5&ǺȇǹȋȊȉȅȄȅ
Ǿ IJȒȟȘ IJȠȣ ıȪȡȝĮIJȠȢ țĮȚ Ș ĮʌȠțȩȜȜȘıȘ IJȘȢ ıIJĮȖȩȞĮȢ ȖȓȞİIJĮȚ ȝȑıȦ įȚĮįȠȤȚțȫȞ
ȕȡĮȤȣțȣțȜȦȝȐIJȦȞ IJȘȢ ĮȚȤȝȒȢ ıȪȡȝĮIJȠȢ ıIJȠ ȕȪșȚıȝĮ IJȒȟȘȢ ȝȑȤȡȚ ijȠȡȑȢ IJȠ
įİȣIJİȡȩȜİʌIJȠ ȉȠ İȜİȪșİȡȠ ȝȒțȠȢ ıȪȡȝĮIJȠȢ VWLFNRXW ʌİȡȚȜĮȝȕȐȞİIJĮȚ țĮȞȠȞȚțȐ
ȝİIJĮȟȪțĮȚPP
ǹȞșȡĮțȠȤȐȜȣȕİȢțĮȚİȜĮijȡȐțȡĮȝĮIJȠʌȠȚȘȝȑȞȠȚȤȐȜȣȕİȢ
ǻȚȐȝİIJȡȠȢȤȡȘıȚȝȠʌȠȚȒıȚȝȦȞıȣȡȝȐIJȦȞ PPPPȝȩȞȠ
İțįȠȤȒ$
țĮȚPPȝȩȞȠİțįȠȤȒ$
ȋȡȘıȚȝȠʌȠȚȒıȚȝȠĮȑȡȚȠ &2
2
ȒȝȓȖȝĮIJĮ$U&2
2
ǹȞȠȟİȓįȦIJȠȚȤȐȜȣȕİȢ
ǻȚȐȝİIJȡȠȢȤȡȘıȚȝȠʌȠȚȒıȚȝȦȞıȣȡȝȐIJȦȞ
PPPPȝȩȞȠİțįȠȤȒ$
țĮȚPPȝȩȞȠİțįȠȤȒ$
ȋȡȘıȚȝȠʌȠȚȒıȚȝȠĮȑȡȚȠ ȝȓȖȝĮIJĮ$U2
2
Ȓ$U&2
2
(1-2%)
ǹȜȠȣȝȓȞȚȠțĮȚ&X6L&X$O
ǻȚȐȝİIJȡȠȢȤȡȘıȚȝȠʌȠȚȒıȚȝȦȞıȣȡȝȐIJȦȞ PPPPȝȩȞȠİțįȠȤȒ$
țĮȚǹ
ȋȡȘıȚȝȠʌȠȚȒıȚȝȠĮȑȡȚȠ $U
ǹǼȇǿȅȆȇȅȈȉǹȈǿǹȈ
ǾȡȠȒIJȠȣĮİȡȓȠȣʌȡȠıIJĮıȓĮȢʌȡȑʌİȚȞĮİȓȞĮȚOPLQ
ȉȇȅȆȅȈȂǼȉǹǺǿǺǹȈǾȈǹǺ38/6(ȆǹȁȂǿȀȅȉȅȄȅ
ǼȓȞĮȚȝȚĮ©İȜİȖȤȩȝİȞȘªȝİIJĮȕȓȕĮıȘIJȠʌȠșİIJȘȝȑȞȘıIJȘȞʌİȡȚȠȤȒȜİȚIJȠȣȡȖȓĮȢ³VSUD\
DUF´VSUD\DUFIJȡȠʌȠʌȠȚȘȝȑȞȠțĮȚȑȤİȚȜȠȚʌȩȞIJĮʌȜİȠȞİțIJȒȝĮIJĮIJȘȢȖȡȒȖȠȡȘȢIJȒȟȘȢ
țĮȚIJȘȢĮʌȠȣıȓĮȢȡĮȞIJȚıȝȐIJȦȞȣȜȚțȠȪĮijȠȪİʌİțIJİȓȞİIJĮȚıİIJȚȝȑȢȡİȪȝĮIJȠȢıȘȝĮȞIJȚțȐ
ȤĮȝȘȜȑȢIJȑIJȠȚİȢʌȠȣȞĮȚțĮȞȠʌȠȚȠȪȞĮțȩȝĮțĮȚʌȠȜȜȑȢİijĮȡȝȠȖȑȢȤĮȡĮțIJȘȡȚıIJȚțȑȢ
IJȠȣ³VKRUWDUF´
Ȉİ țȐșİ ʌĮȜȝȩ ȡİȪȝĮIJȠȢ ĮȞIJȚıIJȠȚȤİȓ Ș ĮʌȠțȩȜȜȘıȘ ȝȚĮȢ ȝİȝȠȞȦȝȑȞȘȢ ıIJĮȖȩȞĮȢ
ıȪȡȝĮIJȠȢȘȜİțIJȡȠįȓȠȣȉȠijĮȚȞȩȝİȞȠʌȡĮȖȝĮIJȠʌȠȚİȓIJĮȚȝİıȣȤȞȩIJȘIJĮĮȞȐȜȠȖȘʌȡȠȢ
IJȘȞIJĮȤȪIJȘIJĮʌȡȩȦıȘȢIJȠȣıȪȡȝĮIJȠȢıȪȝijȦȞĮ ȝİȞȩȝȠȝİIJĮȕȠȜȒȢʌȠȣİȟĮȡIJȐIJĮȚ
ĮʌȩIJȠȞIJȪʌȠțĮȚIJȘįȚȐȝİIJȡȠIJȠȣıȪȡȝĮIJȠȢȤĮȡĮțIJȘȡȚıIJȚțȑȢIJȚȝȑȢıȣȤȞȩIJȘIJĮȢ
300 Hz).
ǹȜȠȣȝȓȞȚȠ
ǻȚȐȝİIJȡȠȢȤȡȘıȚȝȠʌȠȚȒıȚȝȦȞıȣȡȝȐIJȦȞ PPPPȝȩȞȠİțįȠȤȒ$
ǹțĮȚȜȐȝʌİȢ
ȀȜȓȝĮțĮȡİȪȝĮIJȠȢıȣȖțȩȜȜȘıȘȢ ·$
ȀȜȓȝĮțĮIJȐıȘȢıȣȖțȩȜȜȘıȘȢ 9
ȋȡȘıȚȝȠʌȠȚȒıȚȝȠĮȑȡȚȠ $U