• Aucun résultat trouvé

Quelles place pour les incitations dans la gestion du personnel enseignant ?

N/A
N/A
Protected

Academic year: 2021

Partager "Quelles place pour les incitations dans la gestion du personnel enseignant ?"

Copied!
39
0
0

Texte intégral

(1)Quelles place pour les incitations dans la gestion du personnel enseignant ? Françoise Larré, Jean-Michel Plassard. To cite this version: Françoise Larré, Jean-Michel Plassard. Quelles place pour les incitations dans la gestion du personnel enseignant ?. 2007. �halshs-00131771�. HAL Id: halshs-00131771 https://halshs.archives-ouvertes.fr/halshs-00131771 Submitted on 19 Feb 2007. HAL is a multi-disciplinary open access archive for the deposit and dissemination of scientific research documents, whether they are published or not. The documents may come from teaching and research institutions in France or abroad, or from public or private research centers.. L’archive ouverte pluridisciplinaire HAL, est destinée au dépôt et à la diffusion de documents scientifiques de niveau recherche, publiés ou non, émanant des établissements d’enseignement et de recherche français ou étrangers, des laboratoires publics ou privés..

(2)  !#"%$'&(#$*)+,)-$*.&" / 0&".213"4)$5.&. / !6"4& &7&."8$51&#0&():9. ;=< >@?BADCDEGFH>JIKA5< LNMPORQHST@UBVXWZY [K\=Y'] ^=QBS_Ta`5Mcb-dKWfeeXgce_ShUHOWe i]DjcdKTa^e`5MSVXWHicVh\fekWHMS\i WHMcY5Q=MS dK`5MDlShWHOimedKWnO`DYDU=doW e_S_QpMDY*Q'VYWqSrTsMc^`tMpShW=e_S\YDWuVq\Hl5]cdaQHS_TK`5McbQ=] eveXTjcTKWHMim`']cVrdKWe+\=^`5MD`5OTKWewYDWOQV^Hx\y'] Wzi `']cVrdKWfe{\B^'`5Mc`5OTKWe icdaQ=MT}|hTK\=W=e=~ QTKevb€YDWkiD]cTKe]cMWTaMDlS_QTsMcW‚Y [aQpMDMc\=W=evbrTadKeev`5MSu^'`5MD|_V`5MSh\fe„ƒYWfe„^pxc`D^e„TaMShWBV McWfe-WqSWv†5SWHVhMcWfe S_QpMpS+y]QdKT‡S_QHS_Ta|e6y'] Wy]Q=MST‡S_QHS_Ta|euˆimWHV|h`*VhOQ=MD^W=eTaMSWHVhMcWfe€‰h]cl\=Wfe„ev`']DWHMpSw|_QTsj dKW=eŠ@‹QpM5]meX^=xWHŒbGLz~m-~QpMcY Ž6TaOŒ`tb„~u~ b„c‘‘*‘t’b„WvM“jD]5SKS_W.Q=]PiDxc\kMc`5OUHM WZYDW=eY\=^=V`5^=xcWk]cVXeŠo”•daQ=]lcb„–~ b„‘*‘˜—v’bicWHV|_`5V_OQ=Mc^'Wfe Wk†*SWHV_MWe•OTKekWfewWHM‚y] W=e_S_TK`5MiQVrd [aWk† T™e SWHMD^WYDWui \HM*]VTKW=ewWqSrYDW6eh]cV icds]me•`']TsMSWHV_i W=dadK\=WericQ'V4daWwicVh`j dKUHOW„YDW daQšeh]cV\=Y']c^=QHS_TK`5M`']›Y']›YD\=^daQ*ekeXWHOWHM*S.ŠoœTaVXWqShb‚~‡žoŸ4~„QHMcYš rWHOTJe_S VW=b‚¡4~‡b‚c‘‘5¢D’v~T™e£icQ'VQTadadKWH]cVXeZWpM ^=`5Mc^H]VVWkMc^'WfbwY5Q=Mce‚YDW=e‚^'`5MSWk†*ShWfe‚\=^=`tMc`5OTKy'] We‚YDTa|_|Ta^T@dKWfekb•Q=W=^0Ym[aQp]*S_VhWfe-j Wfek`DTaMce‚ev`5^'T}Qp]D†mb¤Mc`=S_Q=OOWHM*S ^Wk]D†.YDW‚d}Q¥icV`=ShWB^vShTK`'M%eX`D^'T}Q'dKW=b8dKWee¦gce_S_UHOWe\=Y']c^=QBS T}|eRiD]DjcdaTK^e„|h`5MSud[K`'jB‰kWqS„YDWMc`5OjVWk]mevW=e^=VhT‡S_TKy']mW=eWvS eX`5MSN^=`5MD|_Vh`5MS\=erQ=]D†S ]tV jD]cdaWHMD^WerYDW=erV\H|`5VhOW=e=~ §HOWeh]cV„dKWe_S VTa^vSuicdaQ'M%YWfeTKYD\=W=evb+dKWv]VdK\HlT ShTaOT‡Sh\W=e_S„VWHOTKekWWHM.^=Q=]meXWicQ'V6]MVqWHMD`']cW=dKdKWHOWHM*S VQ'Y5T}^=Q'd4Y']YD\kjcQHSz^'`M^WHV_MDQ'MpSwdKW=e„O`=ShT}|e„Y [@TaMSWHV_cWHMShTK`'MYDWd_[a¨ S QBSbNQpiDic`5VJS \„Mc`=S_Q'OOWHM*S•iQVudaQRS xc\=`5VTKWY] ©•ªD«D¬K­@®7®H¯°D­K®=±²`']›d}QPSoxc\=`5VTKW²YDWPdaQ²jD]cVhWBQp]c^=VQHS_TaW*~³zQvS_Ta`5MDQ'dKTKev\=WPQ=]DicQ'V_Q=DQ=MSicQ=VnY*W=e´^`'McekTKYD\HVQBS T}`tMe Y [KW=|_|hT}^=Q'^T‡Sh\WqSoµo`]0Y [K\=y'] T Sh\Š_¶z`5dK^=d@`]lDxcbN¶6~‡bw—B·5·D¸5’bGd_[aTaMS_WHVWHMpS TK`5MYDWd_[a¨ S QBS•Y5`DT‡SzekW•‰h]me_S_Ta|T@WBVwQ=]B‰X`']cVY [™x*] TKb |_Q^=Wwƒu]DM„O`DYDU=dKWudKTsj \BVhQdy']cTme¦`] dKTalMcWzQpjc`5MDY5QOOWHM5SNdKWfe¤¹fºs»mº™±t¼*»t­@¬KªD½v±H¹~ QdslDV\u^WXSKShWz^T™MDlcdaQ=MShWzVWHOToevWuWHM^=Q=] eXWuYDWud [a¨GS_QBSbdaQuicds]DicQ'VKSNYDW=e•eX`5^TK\XS\=erMW{ek`'MSGicQ*evbtic`']cV8Qp]*SoQ=MSb MDQBSo]VWHdKdKWHOWHM*S•ShWHMS\=W=e„icQ'Vu]DM0O`DYU=dKW‚dKTsjm\HVQ'd•Ym[@\=Y']c^=QBS_T@`5M ~ ³wWfevekWHMS_Q=MSd}Q¥Mc\=^W=evekT Sh\‚YDWS_VQpMceX|_`5VOWHVu]DM W Q^vS T}`tMiD]DjdKTKy']mW„\=Y']c^=QBS TacW„|_VQ=lDTKdaTKek\=Wfb¾OQ*TKewVWH|o]meXQpMS•YDWe'[a`5VTKWHMShWBVrcWHVqe+]McW6Vh\Hl*] daQBS_T@`M¿OQVh^HxtQpMcYDW6ÀYDW d_[K\=Y']c^=QHS_TK`5McbW=dKdKW=e.^=xWBVh^HxcWHMS0ƒ“|_QTaVW“\HOWHVhlcWHV ]cMšMD`']cWBQp]šO`DYDU=d@WZi `']cV0dKW“eXgce_ShUHOW“\=Y']m^=QHS_Ta|¤ˆ{]cM W S_Vh`*TKeXT@UHO,Wwc`DTKW5~ ¶+WqSKShWS_V`T™e¦TKUHO,W#c`DTKW=b•WHM.^`5Mce_S V_]c^vS_Ta`5McbNS_Vh`']ccW YDW=e|_`5McYDWHOWHM*SheY5QpMedKWe\Hc`dÁ]5S_TK`5MceVX\H^WHMShWeYW d_[aQ=MDQd™gekW\=^'`5Mc`5OT@y] WY`5MSd[aQHSKS_WHMS_TK`tMÂe=[KW=e_S‚YD\ki d}Q'^\=WYDWd_[aQ=MDQ'dagcevWY]Ã|_`tMc^vS_TK`5MMcWHOWHM*S‚YDW=e#ORQ'V^Hxc\e ^=`5Mc^H]VVWkMST@W=d™e¤cWHVqerd_[aQ=MDQd™gekWuYDWerVW=daQHS_TK`5Mce€jcTKdaQHS_\BVhQdKW=e•WHMS_VhWzQ'lcWHMSe+\B^'`5Mc`5OTKy'] Wfekb5i `']cV8YD`'MDMcWHV€MtQ'TKeveXQ=MD^5W ƒ0d_[a\=^=`5Mc`5OT@WYDWe^=`5MS_VhQBSep~NLNM%YDWHWHMtQpMS`'jB‰vWXSYDWVhW=^HxcWBVh^=xcW=b•d@Wfe^`tMpS VQBShe`'MS„OTKeWHMZds]OTKUBVXWd@WVÄDdoW TaO„im`5VoS_Q=MSNYDW=erTaMD^T‡S_QHS_Ta`5McerY*Q'McerdKW=erTaMSWHVQ'^vS_Ta`5Mce•e_S_VhQBS_\klDTKy5]cW=e•WHMS_VhWzQ=lWHMpShe=~.    

(3).

(4) ¶[aWfe_SrYD`tMt^„Y5Q'Me+^W6^=Q'Y5VqWy] WMc`']mewWHMDcTKeXQ=lWBVh`5McezdaQy'] We_S_Ta`5M,YWd_[KT™MpS V`5Y']m^vS_T@`5M,Y [aT™Mc^=T‡S_QBS_T@`5McezY5QpMe YDW=eZWHMcekWBT™lDMDQMSe  by']cTic`']cVVhQT‡S jcTaWHMš^`tMe S_TÁSo]cWHV0]M. daQ“lcW=e_S_T@`5M. YWfei TadKTKWHVqe.YW“d}Q²¿zS V`5TKeXTKUHOW“`DTKW6À. VWH^=xWBVh^=xc\=W=b•Q'^HxcWHOTaMDQ'MpS„Q'TaMceXTudKWe¦ge SUHOW‚i ds]mecWHVqe-]DMW\Hc`dÁ]5S_TK`5MZy']mW#cWHVqe-]DMcW#Vq\H`*ds]*ShTK`5M ~€6Q=MceYDW Mc`5O„jcVXWk]mevW=e„Q'MDQdagcekWfe-WHM%WH|_|WXSbr^D[KW=e_S6Y5QpMeR]DMcWi WBVXehimWH^BS TÁWY [aQO\=d@TK`5VQBS T}`tMYDWfeRimWHV|_`5VhOQMD^'Wfeek^=`DdaQTaVXWfe cTaQ d [@WHMcevW=TalMtQpMSbrWHMDcTKeXQplc\‚^`5OO‚Wd_[KTaMShWBVhO\=YDTaQTaVXW‚^=dKW=|„Y]icV`5^'Wfeveq]meY [K\=Y'] ^=QBS_T@`Mcb+y]N[KW=e_SuicVh`'ic`Dev\=WeXQ OTKevWuWHMTaMc^=T‡S_QHS_TK`5Mcbtlc\HMc\HVQd@WHOWHM*SNƒzSoV_Q=DWHVqe€]DMcWwO`DYT}|hTa^=QBS_Ta`5MYDWueX`5Mehgce_ShUHOW6YDWzVh\HO]DMc\HVQHS_TK`5MX~  8WicVhTaMD^TsimW„OTKeWHMu]cDVhW6icQ'VQ}S+Ym[s]McW„lDVQ=MYDWRe¦TaOimdaTK^=TsS_\RŠ_ekTNd_[K`5M|_QT‡S•Qpjme_S_V_Q'^vS_Ta`5MYDWeuYDTa|h|_TK^H]cd‡S\e TaMDx\BVhWHMpShW=euQ=]YT™eqim`DeXT‡ShT}|wWqS+Q=]^=`5MShWv†5SWicQVoS_Ta^H]cdKTKWHVqbGY5TK|_|hTK^H]cd‡S\=e6eh]VzdKW=eXy']mW=d@dKWfe{Mc`']meuQp]cV`'Mceud[@`5^=^=Q*eXTK`tMYDW VWHWHMtTaVwicQ'VzdaQeh]cT‡S_WH’v~  8W„icQ'TKWHOWHM*SwQ=]Vh\feh]d S QBSw`]0ƒ‚d_[a`5]*SoiD]5SzWXSzƒdaQiWBVh|_`*VhOQ=MD^W-cTKWHMSueXWeh]Djme S_T‡So]mWHVuQ=] icQ'T}WHOWHM5Sƒ.d [@TaM5iD]*SŠ W=|_|`5VJS ’dK`5VqeXy'] Wd_[KW=|_|h`*VoSW=e_SM`5MÂ`tjmeXWHV_DQ=jcd@WWXSy'] Wd_[K`']*Soi]*SW=e_S„]McW0|h`5MD^vSTa`5M“YDW d_[KW=|_|h`*VoSv~5 z[aWH||h`*VoS8W=e_Sr^W=ds]cTNYDW6dh[KWHMcevW=T™lDMDQ=MSbdKW6VX\=eh]cd‡S_QHS4eX^=`DdaQ'T}VhWW=e_S€^W=ds]mTGYDW„d [@\=dKUHcW5~D 8Q„VW=daQHS_TK`5M‚Ym[aQplcWHMc^5W OWvSrWHMVXWHltQ'VY„]DMicVTsMc^=TsicQ'dNWqS˜]cMQplcWHMSv~ cTGdKWuVÄDdKW„YDW6d_[aQ'lcWHMSrWfe S Sh`]H‰v`']cVqe€SWHM5]iQVrd}W„evWk]cdNWHMcevW=TalMtQpMSbdKW icVhTÁMD^'TÁiQdri Wv]*S„§vS_VhW‚VqWkicVX\=evWHMSh\fb•ekWBd@`5M%dKWeRjmW=ek`DTsMe¥YDWd_[KQpMtQ'dsgekW=b€icQV„d_[a¨ S_QBShbrdKWYDTaVW=^vShWk]cVY [@\=^`DdKW#`]ZdKWe icQ'VWkMpSherYm[@\=dKUHcW=e=~  8Qe SJV ]c^vSo]DVW#|_`*VhOW=dKd@WY']ZO`DYU=dKWQ=iicdaTK^=Q=jcd@Wƒ0d_[K\=Y']c^=QBS T}`tMi Wv]*SekWYD\=Y'] T}VXWY']ZO`YDU=dKW#lc\HMc\HVQ5d Y [aQ=lcWHM^W X~N6TaMcevTKb+d [aQplcWHMSbwWHM%d_[K`^=^H]cVVhWHMt^'Wfb+d[KWHMcekW=TalDMDQ=M5Sb•W=e_S„VWkicV\=ekWHMpSh\‚icQ'V„]DMDW|`tMt^vShTK`'MZY [s]*STadKT‡Sh\YW Sog5i Wˆ. . =. `. . −. (

(5) ). W=e_SNdKWueXQdaQ'T}VhW4S_QpMcY5TKery] W . ( ) Wfe SG]DMcWz|h`5MD^vSTa`5M^`tMDcWk†mWuYDWud_[KWH||h`*VoS.  ~.  z[@WB|_|h`5VJSNYDW6d_[@WHMekW=TalDMDQpMpS€M [KW=e_SGicQ5er^`5MM*] bORQ'T™ewevW=e•^=`tMek\=y']mWHM^W=e•ev`5MS˜OWeh]cVX\=Wfe€iQV8dKWuVh\feh] d‡S_QBSNYW d_[K\=dKUHWRŠoQp]-S VQ=DWHVqewY [s]DMShWfe SbicQ=V•Wk† WHOicdKW=’b¾MD`fSh\ eXQpMe+jcTaQ'T™ewYDW„d[@WB|h|_`*VoSrYDWdh[KWHMcevW=T™lDMDQ=MSv~  y']mW . . y']cTGi WBVhOWXS•YDWdaTaDVXWBVriQVrx5g5im`=SoxcUekWu]McW„We_S_TaOQBS_T@`5M. YD\=evTalMcWd@W6McT™cWBQp]YDWui WBVh|`5VhORQpMt^'WRe¦^`5daQ*TaVhWYDW„d_[K\=dKUHW bDS_QpMtY5TJe. OWfeh]VWudKW•jV_]cT‡SbtM5]cdcWHMO`tgcWHMDMcW5~. %. =. $ !. ( )+ .  "!"#. . ( ) = . &(' ) *+*+,.-/,102)34-6587 94,.-6,0:)<;=0>,<?A@4B<CA,D3E?F0HGE,.-2IKJL'NMLOQPN-/BSRT) -/58C658U 3T,.V.-2I8W<7EBX?2GYG,Z0:,<9=0[,<5/7 9EB<9\C]0H,Z0^CLBZ_`CK3T,X-6-/,<*a,b9CcBX3 RT?2,X*d5/,<?eRT-8B<9fGE,Z0gRE?2W<) _<_D3RTBXCA56) 9=0hGEB<9=0i-/,Z0iR4Bbj40LG,+-2IKJ('QMLOk,DClGE,0L*+,Z0m3T?2,Z0h7E)3 @4,<?294,<*+,D9C6B-6,0LGI8,<9 @4,<?273E?2,n0[) 9C B_DC/3T,<-/-/,<*+,D9C=,<9:_<)3T?F0`o paqr,Z0f0sj=0mCAt<*+,Z0uGE,fR4BZ5/,<*+,X9ECwvxqrBZy,<B<?2PiOloezro Pn{X|E}\~ mPhGE,fRE?^) *+)CA5/) 9€vxqrByZ,<BX?FPeOcolzoiB<94Gƒ‚l)E02,<9=PH„=o Pn{X|E}{`n,`C GI8WF@4B-83TBXCx5/)9nvx BX†T,D?2P4‡LoˆP ,DC=B-Ao P {<| |\‰Er02)9C=B<9EB-ˆjT0[WŠ0N_<) *+*a,cG,Z0NGE5A0^R4)E0258CA5K‹20rG,c_X) *:RT,<9=0[B<C/56) 9:*+)94WDCABZ58?2,lGE,i-2IK,`‹A‹m) ?^C^o Œ z)34?3E94,lRE?2W02,<9C6BXC65/) 9RT-83=0r_X) *:RT-/tDCA,iG 3d*a) GEt<-/,iGI8BZ7,<94_<,ZP@4) 5/?QvxŽg?2,DR=0FP\M:oZo P {<|E|\‘EsP4vx5K-/7 ?2) *+P zNoZB<94G‚l)<;4,<?^Cs0FP ’ oˆP{X|E| “sPEvxqrBX‹A‹m) 9CsP ’ o ” ’ oZB<94Gh•BX?ACA5K*a) ?ACsPM+o P\“E‘‘E“E[o – M(B<9=0—_<,DC/CA,‹2) ?2*:3E-/BDCA5/) 9˜C6?2tZ0f025/*:RE-/58‹s5/W<,,DCd@45A02B9 CSV™*+,`C6C/?s,,<9,XšE,<?27\3T,-6,›?2œ -6,GE,-2IK,X90[,<5/7 9EB<9CAP(-^IKWX-6t>@4,ƒ,Z0^C CA)CABZ-/,<*+,D9C=R4BŠ0>0258‹FoEžA-"9T,Ÿ>)3T,L,<9S,D‹^‹s,DCB<34_D3T9a?2œ -6,PE95=REBX?Q-/,l;45/B<5A0 G,(02) 9S,D‹A‹2) ?^C]P95=REB<? -/,l;45/B<5A0 GE,(0[) 9+BXREC658C/3TG, oz)3T? 3T9—*+) GEtX-6,HRT-830h_<) *:RT-/,<š,+5/9 CAW<7?sB<9\Cl-6,0L5K9CA,D?sB_DCA5/) 9=0LW<-/tF@4,Z”xRT?2)‹^,Z0F0>,D34?LGEB<9=0i3E9—*+) GEtX-6,aGI8BZ7,b94_<,P=@4) 5/?L-/,+*+) GEtX-6, RT?2)R4)E02W<,eRTB? qlo<z B<94)<@4BcGBZ9=0-/,l?2B`RERT) ?^C=¡h‚ WX7 3T-/BXC65/) 9:GE,l-2I8,<9=0^,<5/7E94,<*+,D9C=¢dv8@4) 5/? RTB<?]CA56,e“TP _X£EBXRT5ˆC/?2,l“E ?2W<B-K5A02W RTB?-6,0 BX3ECA,D3E?F0¤RT)3E?-/,L' ) *:*+5A0F02BX?s5/BDC¥‡iWD94W<?^BZ-4G\3(z-8B<9 o    

(6). .

(7) .  8Q#|_`5MD^vSTK`'M.YDWeXQdaQTaVhW. YDW‚d[@WHMcevW=TalMtQpMS6W=e_S6^'`5MceXTKYD\HVX\=W,^'`5OOWdKT™Mc\BQ5TaVWic`']cV„YDW=e„VQ'T™ek`'MceYW. eXTaO„i dKTa^T‡S\5~. . = +. T . =. .  bdaQ6V\HO„]cM\BVhQBS_TK`'M‚Wfe_S€TaMcYD\ki WHMcY5QMShWuYDW6d_[KW=|_|h`*VoS8WXS8d_[KWpMcevW=TalMtQpMS8^Hxc`DTKekTaVQ]DMWB|_|h`5VJS8YW¤ShWHdKdKW. eX`5VJS Wzy']mWudKW+icV`Y]T S˜ORQ'V_lDTaMDQd YWzdaQzS '^HxcWzY [KWHMcekW=TalDMcWHO‚W=MSNW=e_SGM5]md_~ 6QpMce6dKW^=Q5e6Y [s]MicQ'TKWHOWHMSuWHM|`5MD^vShTK`5MY']0V\=eh] d S QBSb.  

(8) . bNdÁW=e6^'`5McYDT‡S_T@`5Mce6YDW„iVqWHOT@WBV. `5VY5VXWYDW.daQ.OQ=†cT™OTJeXQBS T}`tMÃYDWd_[s]*ShTKdaT‡S\.YDWd[KWHMcekW=TalDMDQ=MSTsMcYTKy']mWHMS‚y']mW^W=ds] T™ž ^=T„DQZWv† WHV^WHVeX`tMÃWB|_|h`*VoS ‰h]meXy']8[aQ=]´O`5OWHM*S`E.  . . . ∂  ∂ =∂  ∂. . ~r rWfe‚VX\=eh]cd‡S_QHSelc\HMc\HVQp]D†–Y [s]MZO`DYU=dKWYDW0VX\HO„]cM\BVhQBS_TK`'M“WHM. |_`5MD^vShTK`5MYDWud [@`']*SoiD]*S8ep[aWHMRYD\=Y'] TKevWHMSN|_Q^=T@dKWHOWHM*Sv~. . M‚`'jmevWHV_WzS`']*S€Y [aQ=j`*VhY„]cMQ'V_jcT‡S_VhQ=lDW6TaMD^'T S QBS_TK`tMµ VTKeky']cWYUfewdK`5Vqe+y']mW6d_[aQ'lcWHMS8Q]DM‚^`5O„im`5VoSWHOWHM*S. Y [aQ=cWHVqekTK`'M„im`']cV8d@W VhTKeXy']mWq~. . MWHMYD\=Y5]cT‡S8y'] WudKW6eXQdaQTaVhWzO‚`5gcWHMYDWu^'W4S g*i WuYDWzVX\HO]Mc\HVQBS T}`tMYD`5T S€§qS VqW+imds]me. \=dKWHc\#y] W‚^W=ds]cTrcWHVqek\‚Y5QMce„dKW‚^=Q5eY [s]cMWVX\HO]Mc\HVQHS_TK`5M|_Ts† W*~. . M0`DT‡S6WHMceh] T ShW‚y']mW‚dKW=e^'`5McY5T‡STK`tMe„YWdaQ. icVh\B^'T™e¦TK`5MYDW6d_[@Wfe_ShTaOQBS_T@`5M`5MS8Qp]meveXT]cMT™OicQ'^vS8YDTaVhW=^vS8eh]cV8daQ6Vh\HO]cMc\HVQHS_Ta`5M ~'TaMceXTKbt]cMcWuQp]DlDOWHMS_QBS TK`5MYDW6daQ DQVhT}QpMD^W. YDW. . YDTaOTaM5] W2YT}VhW=^vSWHOWHM5S²dKW. im`']t`T}V. TaMc^T‡S_QHS_Ta|šYDW. daQ!V\HO„]Mc\BVhQBS_T@`5M. Š daQ. DQdKWk]cV. Y]. ^=`DW=|_|hT}^'TKWHMS„’bDY5WwO§HO,Wuy'] [s]McWzQp]DlDOWHM*S QBS_Ta`5MYDWwd[aQ=WBVXeXTK`5MQ=]VTKeXy'] WzYDWud_[aQ=lcWHMSq~ ¶+WO`DYU=dKWfb€S_VU=e‚eXTaOi dKW=b•YD`5MMcWd@WS_`5MZYDW=e^`5MS_VhTÁj]*S_TK`5Mcey']mT+]*S_TKd@T™ekWHMS„dKW^=Q5Y5VW WqSd@Wfe‚`']*S TKdKeYW d_[K\=^'`M`5OTKWYDW=e„^`tMpS VQBS_evb˜WHMicQ'VKS_Ta^H]cdKTKWHV6YDW‚daQSox\B`5VT@W,YW,d_[aQplcWHMc^W‚ŠoVXWvjcQpi*S_TKeX\=W„S_xc\=`5VhTKW‚YDWfe„T™Mc^=T‡S_QBS_T@`5Mce„ƒ d_[K`5^^=Q5eXTa`5MYDW6ek`5MRQpiDicdKTa^=QHS_TK`'Mƒ6daQ6V\Hl5] daQBS_Ta`5MY']¥ekWH^vSWk]cVNiD]jcdaTK^=’Gim`']cV8QpMDQdagcekWBV8daQlcW=e_S_TK`5MYW dh[K\=Y']c^=QBS TK`5M ~ ¶•WXSKShW6S_VQpMcehic`DeXT‡ST@`5MQ=]ehgce_ShUHOW‚\=Y5]c^=QBS T}|b€Y [K`']*S_T@d™e„^'`'M=]me{icVh\BQ'd}QpjcdKWHOWHM*S+i `]V Y [aQp]*S_VW=e„`'jf‰kWqSekbNQ=iDiQ=V_QZaS ^=`5OOWdaQ6ShWHMpS QBS_TscW„daQ„icds]mewV\H^WHMSW„YDW6VXWHMS_VhWBV•Y5Q=Mceud@W6|`5MD^vShTK`'MDMcWHO‚WHMpS+`*V lDQ=McTKeXQHS_TK`5MDMW=d Y [s]DMWTaMce_ShT‡So]*S_T@`5M y']mTN\XS_QT‡SrVW=e_S_\=Wr‰h]meky]N[aƒ„icV\=evWHMSrƒd_[K\XS_QBSrY5W¿ujc`}ShWMc`DTaVWjD]cVhWBQp]c^=V_QBS_Tay'] W À~DLNMicV`'i `DeXQ=MSr^W=eu`']*S_TKdKe+ic`']cV `']cDVhT}V„daQ¿uj`EaSW‚M`*TaVXW À5b+d [@\=^`5M`5OTKWYDWe-^`5MS_VhQBSe-`']DcVW#WHMO§=OWSWHOimeYDW#Mc`']DcW=d@dKWfe-i WBVXehicW=^vS_T™cWfe! ic`']cVu]McW‚Q=MDQdagcekW\=^`'Mc`tOTKy5] W,Y']Zehgce_SUHOW#\=Y5]c^=QBS T}|b€ƒ‚S_VQptWHVqe„daQ^'`5Mce_S_V ]c^vS_TK`5MYW‚Mc`']DcW=dKd@Wfe-lDVTKdadKW=eYDW dKWH^vSo]cVXW6YDW=e+O\=^=Q'McTKeXOW=eu`5V_lDQ=MT™e¦QBS_Ta`5MDMW=d™ep~5L8MO§=OWzShWHOimevb¾WBdKd@W`']DDVXW6dKW6^pxDQO„i,ƒ]McWuVq\H|d@Wv† TK`5M,eh]V4dKWe YDTa|_|Ta^H] d‡S\=erY [aQ=iDicd@T}^=QHS_TK`5M„icVhQBS_Tay']mWwYDWudaQzSoxD\=`5VTKWuYDW=erTaMc^=T‡ShQBS_Ta`5McerQ=]eXWH^vSWk]cV8YWzd[@WHMekW=TalDMWHOWHM*Sv~. ". iQVJS T}VuY'] O`DYDU=dKWTaMDT ShTaQdNiV\=evWHMSh\^TKž_YDW=eveh] evbNy']mT€Q=MDQdagcekWdKW=eVW=daQBS_Ta`5Mce„WHMS_VXW„]DMiVTaMD^TsicQ'd4WXS+]DM. Q=lWHMpS+V\HQdaTKeXQ=MSr]DMW S '^=xcW]DMcT@y] W=b YWfeWv†5SWHMcekTK`'MeevWHV`5MSwWHMDDTKeXQ'lc\=Wfe{ƒSoVQptWHVqe{YDWfe{O`DYDU=d@WfeuT™MpSh\HlDVQpMpS¤]DM Q=lWHMpS¤O] d‡S_T‡S ^pxcWfbmicds]mekTKWv]VqewQ=lcWHMSeuŠ O]md‡S_TKžoQ'lcWHMSeX’bmicds]mevT@Wv]cVXe+icVTaMD^'TÁiQ=]D†ŠoO„] d S T™ž@iVTaMD^TsicQp]D†c’•`']‚]cMW6icds]me lDVQpMtYWY5TacWHVqe¦T Sh\6YDW=e+O\=^=Q'McTKeXOW=ewTaMD^T‡S_QBS T}|ep~5 z[a`'jf‰vWH^vShT}|˜im`']cVXeh]cTscT W=e_SrYDWuOWvS@S_VW6d_[aQ'^=^WHMS S_QpMS4eh]cVrd_[aTaMS\HVX§qS. #%$'&)(+* ,.-+/0,1(320465798:20-;=<>4?8+,.5&A@B;C5D(:20*FE9G9(H!;6E+IA@ &>JK(+H!83*ML&A@M* 2!,6@ H9-@F-+H9-N@B(+O0/0,QPC,KO0&A@RL:2!-@M4K&TSUH9L:I04K&0V 5-3&W8:;.* &YX+,6@[Z\<]ZQX+,6@ L98>* ,6@ 7!83&_^ `)a -T(3H!8+*C*B2A,1;SUH!-;.* &b*'O0c204K&0SU&b-;7!83&Y4K&M(+20,K&0SU&0-_;&b->PCH9-+/b;6,KH9->L:&A@%* OA@d834Q;.2e;C@=2)L:&!@'&WPCPC&W;\@%2e8>(34K20->L:&Y4 fg208;6H:ZC@hO04K&0/b;6,KH9Ji$'2Aj!&020*[5_kM^9l'^ 5%m0n:no9V=2e8p@ &b-@FH!qr/e&Y;.G9(&)L&)* O0S>83-+Ob*B20;6,KHA-s(3&8;t2b;K;6,?* &b*%4.&!@FSU&0,K4K4K&b8:*[@F&b;=L:O0/eH!83* 2!c:&b*F4.&!@FSUH9,?-@=u+H9-@W^ v ->;6&04+&bPCPB&b;t@ &)@ ,Q;K83&R;6H!8:;6&bPCH9,6@%&A@@[&e-:;6,K&04K4K&bSU&0-9;wL920-@=4K2M(+&b*[@B(3&e/b;6, X+&YL:&)@ Oe4.&e/b;6,.H9-s20LAX+&0*[@h&x7_83,-tfQ&A@d;(:2]@%&b-9X+,6@ 2!c:O0&Y,K/0,6^ y'zF&b;w20*6;6,K/04K&)@0fg,Q-D@h/0*B,?;L20-@=4K&x/e2AL9* &YLf 8:-+&M* &e/0E+&{* /eE3&RPC,Q-32e-3/eO0&M(:2e*'4K&xzFH9SUSs,i@@ 20*B,?2e;t|YOb-+Ob* 204L98Tl4K20-U@B8:*=4K&R;.E+IbSU&xL& 4K2M* O0c_834K2b;6,KHA-UL&M4 f?&b-@ &e,.c9-+&0Ss&{-;B^    

(9).

(10) y']mW„eh]cV•dKW=ewVTKevy'] WfewYDW„d[aTaMS_Vh`DY']c^vShTK`5M,YW„O\=^=Q=McTKe¦OWezT™Mc^=T‡S_QBS_Ta|euY5QpMewdaQ„lcWe_S TK`5MY'],i WHVqeX`5MMcW=dNWHMekW=TalDMDQpMpS Š@icQ'VJS_Ta^H]cdaTKUHVXWHOWHM*S.WvM. OQBShTKUBVXW“YDW“VX\HO„]cM\BVhQBS_TK`tMt’v~- z[aQVKS_Ta^'dKWÃevWHVQPQVKS_Ta^H]cd@\“Q=]*S_`']cV.YDWZS V`DTKenYDTa|_|Ta^H]md‡Sh\fe. OQq‰kWv]cVXW=euˆd [@\HDQ*ds]cQHS_Ta`5MYDW„daQicWHV|h`5VOQ=MD^'WŠH—v’bGdKW^=Q'VQ'^qS_UHVXW„O] d‡S_T‡S ^HxWYDWd_[aQ^vS_TaT Sh\YDW„d[KWHMcekW=Tal5MDQMSzŠo’ WXS8dKW6|_Q'T‡S8y']mWu^'WqSKShWuQ^vS_T™cT‡S\6e=[aTaMcek^=VT‡S8Y5QpMe¤]DMS_VhQ=DQTad Y [@\=y5]cTsimW6Š5’v~D¶+Wu|_QTKeXQ=MSbM`] e•W=ehim\HVX`5Mceze_S V_]c^vSo]DVhWBVrWqS e_S_T™O] dKWHVdaQ´Vq\H|d@Wv† TK`'MšY*QpMce ]M7^`tMpShWk†*SWnYDWZO„]*S_QHS_TK`5Mce3Q=MDMD`5Mc^'\=Wfe£YDWZdaQ´lc`']DcWHVhMtQpMc^WnYDWfe.ehgce_ShUHOW*e \=Y']m^=QHS_Ta|erWv]V`'im\=WHM e=~.    "!# $%  '&(   *),+-!#"!/.01*#2)* !#32-4 57685*+3*  8Q y']cW=e_STa`5M.YDWdaQ#icWBVh|`5VhORQpMD^WW=e_S6Qp]B‰v`']cVhYm[™x5]mT•Qp]%^ u]cV„Y5WfeYD\kjcQHSey']cT•QplcT‡SWHMS6d_[@\=^`DdKW5~N[s]DM W icQ'VKSb daWehgce_SUHOW\=Yt]c^=QBS_Ta|wYD`5T S+|_QTaVXWdaQY\HO`5Mce_S_VQHS_Ta`5MYDWeXQ^=QpicQ^=T‡S_\„ƒQ*eveq]cVWHVr]DMcW„|`5VhORQHS_Ta`5MYDW„y']cQd@T Sh\ ^=Q=iQ=jcdaW0YDW V\kim`tMcY5VW Q=]D†–Wk† TalcWHMD^We‚YWicVh`DY']c^vShTacT‡S\=bwY [KTaMDM`5DQBS_Ta`5M–WXSYm[@\Hc`Dds]*S_T@`5MSWH^=xDM`*d@`5lcTKy'] W0y] W VWH^U=d@WdaQO`5McYT}Q'dKTKeXQBS T}`tM¾~[aQ=]5S_VWuiQVKSb¾d}W„ehgce_SUHOW\=Y']c^'QBS_Ta|€M [K\=^=xDQpiDicWuicds]mewƒd_[K`'j daTalDQBS_TK`tM,YDW„VWHMcY5VXW6YDWe ^=`5Oi*ShW=e•Q=]‚^=T‡S_`5gcWHMµN^=`5MS_VTsjD]cQpjcdKW"9cTad YD`5T‡Sr§qS VW6WHM^=QpicQ^=T‡Sh\ YW |h`']cV_McTaV€]DM,\XS_QHS8Y'],V_QpiDic`5VJS€y]QdaT‡S_\vµo^`;:*SrWHM \=Y']m^=QHS_Ta`5M ~ 6W ^W=eYDWH]D†Z^`tMe S_QBSe‚ŠoTsMSWHV_MWWXSWk†*SWHVhMcWH’VX\=eh]cd‡SW daQ Mc\=^W=eveXT‡Sh\fb+c`5TaVXWd[@`jdKTalDQBS_T@`5Mcb•Y [K\XS_Qd@`5MDMcWHVqb Y [K\HDQds] WBVXbGYDW„OWeh]cVhWBVwd}Q-icWHV|_`5VhORQpMc^W5~ z[K\Hc`5ds]*ShTK`'MevWHOjcd@WTaMc\=ds]c^vS_QpjcdKW„OQTKe6d_[@`i \HVQBS T}`tMWfe S•dK`5TaMY [K§XS_VXW ^=`5OO`DYDW5~ ¡ VhQ=lDOQBS_T@y] WHOWHM*Sb˜d}Q#y] W=e_S_TK`5M0W=e_SuY [aQ=j `*VhYYWYD\XSWHVhOTaMcWHV6y']mTr\HDQds] WBVzˆGdKW=e„WHMcevW=TalMtQ'MSevb˜dKWfe \=dKUHcW=evb3dKW. e¦ge SUHOW. \=Y5]c^=QHS_Ta|–Y5Q'Mce7e¦`5M!WHMekWHO„jmdKW. `']. Y5Q=Mce²eXW=eÃ^'`5Oic`DeXQ'MSW=eP^=`5OOW. daQ|_`5Mc^vS_T@`5M. QYtOTaMDT™e S_VQHS_TscWfbrdaQ |_`5MD^vST@`5M0ic\=Y5Q'lc`'lcTKy']mW=brdaQ|_`tMt^vShTK`5M%e¦`*^'TaQdKW"<L8Mceh]T ShW=br^`5OOWHM*S„\HDQds] WBVXbrQ=DWH^y'] W=d™e TaMcY5TK^=QHS_Wk]cVqevb¾WHM,|h`5MD^vSTK`tM¥YWy'] W=d™e{`jH‰vW=^vSTa|e=<uL8MD|hTÁMcbGy']mTNQ5eveh]DVW6daQ|h`5MD^vSTK`'MY [@\HtQ'ds]cQBS_Wk]cV><@?w]cTNYD\=|hTsMcT‡S•WqS icVh\B^'T™ekWudKW=e•TaMcYT}^=QHSWk]cVXevbDd@Wfe+`jH‰vW=^vSTa|e+WqS€dKWH]cVqe•e¦Wv] TKdKevbdKWfewTaMce_S V_]DOWHMSe+YDWuOWeh]cVXW=bDQpcWH^y'] W=dKdKW•i \HVqT@`*YT}^'T‡S\"< ?w]cT T™MpShWHV_icVhUqShW6dKW=e•Vh\feh] d‡S_QBShe=<(A_dgQ\HlDQ'dKWHOWHM*SN]Mic`DT™MpSGS_`']f‰X`']cVXe•YD\=dKTa^=QHSb^=W=ds]mT Y'],^'`;:*SrYDW6d_[K\HDQds]cQHS_TK`5M‚WqS YDWdaQ#OTKevWWHM0i WHVqehi WB^vShTscWYDW#^W‚^`;:*S„WXS6YDWeRltQ'TaMceQ5eveX`5^TK\=e=~NLNM|_TaMcbrdKWeh]f‰kWqS^=V_]c^=TaQd@WYDWdaQ y]QdKT‡Sh\YDW d_[K\HDQds]cQHS_TK`5M. `]. Y]. O`DTaMcenYDW“eXQÃVhWB^'`5MDMDQTKeveXQpMD^W“W=e_STsMc^'`5MS_`']cV_MDQpjcdKW=b,e¦Q^HxDQ'MpS3y] W“YDW=eZ\HDQ'dÁ]QBS_TK`tMe. TaO„icQVh|_QT‡S_W=e3imWk]cWHMpS#icVh`'c`Dy']mWHV0YDW=e.Y5gceX|h`5MD^vS_TK`5MDMWHOW=MSeYDWZ^'`5Oim`5VoS_WHOWHMS0WHM7Vh\vi `5McevWnQ=]. ehgce_S_UHO‚W. Y [KTaMD^'T S QBS_Ta`5MŠo¡ VhWHMcYDWHV_lDQ*e_Shbc¶u~‡bN—B··D·5’v~ ¶+Wfe+y] W=e_ST@`5McezeXWwi `tekWHMSNic`']cVNS_`']me+dKWfewehgce_ShUHOWe•Y [@\HtQ'ds]mQHS_Ta`5M ~ cT d_[aTaMS_V`Y]^vSTK`tMYm[@TaMD^T‡S_QHS_Ta`5McezY5QpMe dKW=erO\=^=Q'MDTKeXOWe+Y [K\HDQds]cQHS_Ta`5Mcb5iVq\H^`tMcTKev\=W+icQV8d_[@\=^`5MD`5OToW6YDW=er^`5MS_VhQBSeXb`5|_|_VqWuYDW=e•\=d@\HO,WHMSe•YW VX\kic`5McekWfe+ƒ ^W=enTÁMShWBVhV`5lDQHS_TK`'Mcevb‚W=dKdKW´MW´imWHVhOWqS3icQ*e3S_`']B‰v`']cVqe£YDWÃdKWHWBV.d_[KWHMcekWHOjmdKW“YWfen`'jme_S_Q'^=dKWeZy']cT#|WHVQT‡S0YW d_[K\HDQds]cQHS_TK`5MdKW{im`DT™MpS+YDW6VXWHMD^`5MS_VhWWHMS_VXW„d [@\qS xcTKy'] W6x5]ORQ'McTKe_ShW„YDWfe{WHMekW=TalDMDQpMpSheuWqS+d [@\qS xcTKy'] Wu]*ShTadKT‡S_QVhT™e S_WYW daQe_SoV_]^vSo]cVWwWqSNYWfe€icQ'VWHMSerY [K\=d@UHcWfep~CB`']me€iV`'im`DeX`tMekbDƒzSoVhQ=DWBVXe€]DMcWwVWH^WHMcevT@`5MRYWfe+YDTa|_|\HVqWHMSe¤O\B^=Q'MDTKeXOWe Y [K\HDQds]cQHS_TK`5M›Wk† T™e S_Q=MSe“Šo\HDQds]cQHS_TK`5M›eh]DjH‰vWB^vShTscWšŠH—BžH—v’b#`'jf‰vWH^vShTacW7ŠH—HžoD’bVhWBdaQHS_TacW²ŠH—BžD’.WXS.|`5MYD\=W7eh]V d_[aQ=iDiV\H^TaQBS_T@`M‚YDW=e€]meXQ=lWBVXezŠH—Bžo¢D’_’bYWuOTKWH]D†‚TKYDWHMS_TK|_TKWHVrdKWe•WH|_|WXSerWBVoSo]mWk]D†‚WqS˜imWHV_cWHVqe+dKTK\=e•d_[K\HDQ5ds]cQBS T}`tMbWpM VWHdaQBS_T@`5MRQpcWH^6d_[s]*S_TKdKTKeXQHS_Ta`5MYDWer^=`5MS_VQHSerTsMD^=T S QBS_Ta|erQ=]icVU=e8YWfe+WHMekW=TalDMDQpMpShe=~    

(11).

(12)   

(13)    !"  $#% &')(* +-,.+0/1 !.  8W=erWBVXeXTK`5McerdKW=e€imds]merQpMD^TKWHMDMWfe+YDWud [@\HDQds]cQBS TK`5MYDWud}Q{imW=Vh|_`*V ORQ'MD^Ww|`5MS€YD\vi WHMcY5VXWzd_[K\HDQ5ds]cQBS T}`tMYDWfe eXQ'd}Q'VTa\=e„YDW‚d [aQpiDicVh\B^'T}QHS_TK`5M0YDW‚dKWk]cVeh]im\HVTKWk]cVuxDTK\HVQ'V^HxcT@y5]cW=bN]DMWj `5MDMcW‚\HDQ5dÁ]QBS_Ta`5M imWHVhOWqS@S_Q=MSuQ=]%e¦QdaQ=VTa\ Y [K`'j*ShWHMcTaVr]DM¥e¦QdaQTaVW{icds]mew\=dKWHc\„`]‚]DMWuicVT™OW*~ 4W6^'`5MS_VQvSrW=e_SrY5T SrTaM^=T S QBS_Ta|€iD]cTKevy'] [@TKd jQ*eXWuiQVKS_TaW=dKdKWHOWHM5S4daQ V\HO„]Mc\BVhQBS_Ta`5M YDWd_[aQ=lWHMpSweh]cV e¦QicWHV|h`*V ORQ'MD^WŠ d_[KWk†DicVXWfekeXTK`5MYW¿6Vh\HO]cMc\HVQHS_Ta`5MQ=] O\BVhT‡SW6ÀQdK`tMDlSWHOime \XS\ ]*ShTadKTKev\=W3ic`']cV‚YD\=^=VTaVXW0^WS g5imWYDW^'`'MpS VQBS ’v~•¡ `']cVoSJQHMSb{YDW icQV‚daQMDQBSo]cVhWeh]DjB‰kWB^vShTacWYDW0^WXSKShW|`5VhOW Y [K\HDQds]cQHS_TK`5McbeXQuDQdaWk]cV8TsMc^=T‡S_QHS_TacWuW=e_SNTaMD^WHVJS_Q'TsMcWuWqSFpicVWHOWHMSNYDTKeX^H]*Sh\=W5~ LNMim`DekT‡S_Ta|b daQeh]jB‰vW=^vS_TaT Sh\„YDWdh[K\HDQds]cQHS_TK`'MQd [aQ'DQ=MS_QplcWŠo¡ VhWvMYDWBVhlDQ*e Sb ¶u~‡b•—H·D·D·5’rYDWui WBVhOWXSKS_VXW6Qp]D† WHMS_VXWviVTKevW=enYDWÂeq]cVhO`MShWBV.dKWnicVh`j dKUHOWPYD\=dKTa^=QBS0YWfeS ^HxWfe£O] d‡STsicd@Wfe´Š325467984:;c’0WHM. dKWk]cV`|_|_VQ=MS0daQ. ic`DeveXTsj TKdaT‡S\6YW¤S VQ=DQ'T}d@dKWBV•eh]cV˜]DMDWucTKeXTK`5M‚\=daQV_lDTKWYDWud}QicWHV|h`*VhOQ=MD^W=b WHMlcdK`'jcQ=MS€d [@WHMcevWHOj dKW6YDW=e•Q'^vS_TscT‡S\=e•YW d_[aQ=lcWHMSv~˜TaMceXTKb•Y5QpMed_[KWHMcekW=TalDMcWHOWHM5Sb•d_[K\HDQ'dÁ]QBS_TK`tM%YDW=eWHMekW=TalDMDQpMpShe„i `]VVQ'T‡S6§XS_VWW=|_|hW=^vSo] \=W¥eq]cVdaQ#jcQ*ekW Y [s]cMehi WB^vS VqW+icds]me•daQ'V_lcWwY [K`']*Soi]*Ser\=Y']c^=QBS T}|ekb5Mc`tMRVXW=e_S_VWHTaM*SNQp]D†V\=eh]cd‡S_QBSher`j5S_WHM5]me€icQV€d}W=e•\=d@UHcWerƒ6YDW=eNSW=e_Se ehic\H^Ta|hTKy']mW=e=~ LNM#Mc\HlDQBS_Ta|bNdKW^=Q'VQ'^vS_UBVhWReq]Djf‰kWB^vShTa|zYDWd [@\HDQds]cQBS TK`5MW=e_SricVh`'imTa^WQp]D†^=`5Oi `5VJS_WHOWHM5Se6`'iDi`*VoSo]DMcTKe_ShW=e=~ 6W6daQicQVoS8Y']iDVhTÁMD^'TÁiQd Y [aQpjc`5VqYDbdK`5VXeXy']mWu^W=ds] TKž_^=T ek`] evž_\HDQds] Wuc`Dd@`5MS_QTaVWHOWHM5S8daQ6i WHV|_`5VhORQpMc^W6YW6d_[aQ=lcWHM*S Y5Q=Mce‚dKW¥jD]*SY [K\H^`tMc`5OTKevWHVeh]cVd@Wfe^`;:*She,e¦QdaQVhT}Qp]D† 9¤daQ daT S@S\HVQHSo]cVWSoxc\=`5VTKy'] Wl\HMc\BVhQdKW0Šo”r] dKdKbz¶6~ b—B·=<?>5’ icVh`i`tekW]DMcW^'WBVoS_QTsM0Mc`tOjcVWYW¥e¦`Dds]*S_TK`5Mce-DTKeXQ=MS6ƒ#dÁ]5SKSWHV6^'`5MS_VXW^WXSKShWSWHMS_QHS_Ta`5Mcb€ORQ5TKe„Mc`']meRMcW‚Mc`']meRg QBS@SJQ=VhYDWHV`5Mce€icQ5er^=Q=V8^=WzVhT™eky']mWuYDWwOQ'McTsiD]cdaQBS_T@`5MWfe SN|_QTsjmd@W Y5QpMe+dKWuYD`5OQTaMW6YDWud_[K\=Y']c^=QBS TK`5McbDY5Q'McerdaQ6OW=eh]cVXW `dKW eq]DimWHV_T™ekWk]cVNM [KW=e_SGlc\HMc\HVQ'dKWHOWHM*SGicQ5erTsMpSh\HVW=evev\wQ=]jD\HMc\=|hT}^'W*~ 6Wk]D†Qp]*S_VW=eNSog5icW=e•Y [K`'iDi `5VJSo]MtTKe¦OW ek`5MS8eh]meX^'Wvi5S_TsjmdKW=erYDWu^=`5Mc^'WBV McWHV8Y [aQDQpMpS Q=lcWwd[K\=Y']c^=QHS_TK`5M ~  8W{icVWHOTKWHVzW=e_SrdaQ^=`5OicVhWfevekTK`5M‚YDW=ez^'daQ*eveXWHOWHM5Sevb y']cTNeXTalDMT}|hTKW6y'] WdKW=eueh]Di WBV cTKevWk]cVXez`'MSNSWkMcY5Q'MD^W6ƒ McWYDTa|h|\HVWHMc^=TKWHVuy']mW|_Q'TÁjdKWHO,WHMSwdKWfe jm`5MMcWfeWXSzdKW=e{ORQp]ccQ'TKeXWfe imWHV|h`*VhOQ=MD^Wep~cW6SWHdKe6^'`5Oi `5VJS_WHOWHM5Se6`tMpS ic`']cVuW=|_|WXSuYDWVX\=Y']cTaVXWd_[aTaOi `*VoS_Q=MD^'WYDWd [@\HDQds]cQBS TK`5M(eh]jf‰vWH^vShTacWY5QpMe„d@Wfe„YDTKehi`tekT‡S_Ta|e„TaMD^T‡S_QHS_Ta|euiD]T™eky']mWdaQ VWHdaQBS_T@`5MWHMS_VXW,d_[@W=|_|`5VJSuWXS6daQVh\HO]cMc\HVQHS_Ta`5MW=e_S6|_`5VJShWHOWHMSuicQ'V_Q*eXT‡S_\=W5~N¶zWXSKS_W#Y*TKe_Sh`5VqeXT@`MT™MpS V`DY'] T ShW‚Y5Q=McedKWe \HDQds]cQHS_TK`5Mce•eh]DjH‰vWB^vShTacW=e€M [aQuic`']cV8d_[™xcWv]VWwl5]mUHVXW eh]me¦^=T Sh\=WuYDW4S VQ=DQp]D† ~  8WekWB^'`5McYSog5imWY [@`iim`5VJS ]DMcTKeXOWW=e_S•d@W|_Q'T SwYDW=e6WHMcekWBT™lDMcQ=MSe{WqS•Vh\fe¦TKYDWY5Q=MceudKW=eu^'`5Oim`5VoS_WHOWHM*SeuYW VWH^=xWBVh^=xcW‚YDWVqWkMSW5~G 4W-icVTaMD^'TÁi W‚YDW‚d_[K\HDQds]cQHS_TK`5Meh]DjB‰kW=^BS_TscWi Wv]*SWHMWB|_|hWqS§qS VqWƒd_[K`5VT™ltT™McW‚Y [aQ^vS_T@`Mce-`] Y [aQ^vS_T™cT‡S\=evbYDW6daQicQ=VJS€Y5WfewWHMcevW=TslDMDQ'MSevbDTKeXQ=MS€ƒ1@T™OicVW=eBe¦T}`tMDMcWHVA@rdKW6eh]Di WBV cTKevWk]cVrWqS€ƒReq]Dl5lc\BVXWHV4y'] [@TKdKezeX`tMpS icds]merW=|_|hT}^=Q'^W=ery']mWudKWk]cVqer^=`d}d@UHlD]mW=erQ|_T™MRY [aQ=]lDOWHM*ShWBV8daQuiV`'jcQ=jT}d@T Sh\zY [@`j5SWHMcTaVN]McWwOW=TKdKdKWk]cVWwMc`=S_QHS_Ta`5M ~*¶+Wfe Q^vS TÁT Sh\=e0VXWBd@UHcWHM*S YDW=e0Q^vShTaDT‡S\=eYDT‡SW=eY [aTaMc|_ds] WHMc^W.Qp] YD\=^=TKekTK`5Mce´Y']2eh]Di WBVhDTKevWk]cVB~-u]2evW=T™M›YDWfe. e¦WHMe`šW=dKdKW=e.ev`'MS YDWe_S_TaM\=We0ƒ´TaMc|_ds]mWHM^WHVdKWe. \qS Q=jcdKTKevekWHOW=MSe“e¦^`5daQTaVXWfevb#^W=e´Q^vS TacT‡S\=e´DTKekWHMpSZek`']cWHMpS.daQ. VW=Y5TKe_S_VhTsjD]*S_TK`tM¥YWfewVWHMShWfe{WqSrYDW=euy']cQ*e¦T™žoVXWHMShWfeuWXS•eXWORQ'MDTK|W=e_ShWHMS¤e¦`] eudaQ|_`*VhOW„YDW8‰vWH]†¥YWuim`']c`5TaVqew`']YDW YDTKe_S_`5VXeXTK`5Mce´Y [KTaMD|h`*VhOQBS_T@`5Mce“ŠoTKdalDVh`5O-b#¡4~-Q=MDY. ³w`'jmWHVJSekb=~‡b.—B·D·tD’v~ z[aQpltWHMS.`'iDi `5VJSo]DMDTKe_ShW“i Wv]5Sb‚iQ=V. Wk†mWHOi dKW=b6Wk†mWHV^'WBV#YDWv]†£S g5imW=e Y [KWH|_|`5VoS•ˆzd_[s]MZicV`Y] TKeXQ=MS-]cM“`']*SoiD]5SDQd@`*VhTKeXQ=jcd@W0i `]V,d_[@\qS_QpjcdKTKevekWHOWHMSb.    

(14).

(15) d_[aQ=]*S VWMN[aQ=gDQ=MSwicQ5e„YDWtQ'dKWk]cV!:¥ORQ'T™eRcTKeXQ=MSuƒQpO\=dKTK`5VWHVeX`tM\HtQ'ds]cQBS_T@`5MiQV6daW,eq]DimWHV_T™ekWk]cV h~ ¶+Wfe Q^vS TÁT Sh\=euY [KTaMD|ds] WHMc^Wlc\HMcUHVXWHMSr]DMcWYD`']Dj dKW„YDTKe_Sh`*VXeXTa`5M ~ 8QiDVWHOT@UBVXW„^=`5Mc^WHV_MWdKW ShWHO„ime6WXS•d_[K\HMWBVhlcTKWic`']cV.  2

(16) 7"8  •b€y']cT4Qp]cVQ'TaWHMpSwi]%§XS_VW-imds]me-WB|_|hT}^=Q'^WHOWHM*Sw]5S_TKdaTKev\=Weh]cVYDWfeuSh^HxcWeicVh`DY']c^vS_TaWfe=~Gu]D†Q'^vS_TacT‡Sh\fe Y [KTaMD|hdÁ] WHMD^Wek`5MSrQTaMceXTGQ*eve¦`*^'TK\=euYDW=ez^'`;:*SewY [aTaMc|_ds] WHMc^W„y5]cTG|`5MS€icQ'VKS_TaWYDW„d_[aQdK\HQO`5VhQdNWqSry'] T eh]cV cTKWHMDMWHMpS dK`5Vqe¦y] WdKW=e„WHMcevW=TalMtQpMSe6ekWYD\XS`']cV McWHMSzYWdKWk]cV4S VQ=DQ'T}dGi `']cVzTaMD|hdÁ] WHMc^'WBVwdKWe6Y\=^=T™ekTK`5MceYDWd_[@\qS_QpjcdKTKevekWHOWHMSv~  8QY5Wk]D†mT@UHOW|_Q'T SrVh\B|h\BVXWHMc^'W6Q=]D†‚icVh`'jcdaUHOWeuY [KTaMD|`5VhOQBS_TK`tM,Q=]eXWkMceu`YDUewdK`5Vqewy']mW6d_[@TaMD|`5VhORQHS_TK`5Meh]cV•daWfe TaMcY5TaTKY']me0W=e_S‚TsMcW=|_|Ta^=Q'^WHOWHM*S‚^'`DdadKW=^vS\=W=bTKdYDWHcTKWHMSS_VhUe Y5T}|h|_TK^=TKdKW.YDW.eXQ=`DTaVeXT„d [@WHMDVqWHlDTKe_S_VXWHOWHMSY [s]McW jc`5MMcW•i WBVh|_`5VOQ=M^WzVhWHMDc`DT@Wzƒ6Y']|_Q=D`5VT‡S_TKe¦OWu`]ƒ{]DMcW•j`5MDMcW+imWHV|_`5VhORQpMc^W+c\HVqT‡S_QpjcdKW5~. ]cVdaWimdaQ=M²WHOi TaVTKy'] Wfb„d@Wfe#S_VQptQp]D†. eq]tV d_[a\HDQds]cQBS TK`'M. eh]DjH‰vWB^vShTscWZYDWe3WHMcevW=TalMtQpMSe McWZek`5MS‚icQ5e. Mc`5O„jcVXWk]D†,WXS8evWwYD\HOQVhy']mWHMSGi Wv]mbWHM6SWHVhOWfe+YDWwO\vS_xc`5YDW5erWqSNYW Vh\feq]md‡S_QHSevb5YDW=erTaMDWfe_ShTslDQBS_TK`tMe¤OWHMc\=We•Y5QpMe dKW=eQp]*S_VhWfe eXWH^vSWk]cVqekbwO`5MS_VQpMSY [s]DMcW iQVJSd_[aWv† TKe_ShWHMt^'WYDWYDTa|_|\HVXWHMt^'Wfe e¦ge S\HOQBS_T@y] W=e WHMpS VW\HDQ'dÁ]QBS_TK`tMe eh]DjH‰vWB^vShTscWenWqS\vDQ5ds]cQBS T}`tMen`'jB‰vW=^vS_T™cWfenWXSY [aQ=]5S_VWnicQVoS_bd_[aTaMD|hdÁ] WHMD^W“YDWe£|_Q^vS_Wk]cVqe£YD\HO`5lDVQpiDxcTKy'] WfenWqS TaMShWBV icWBVXeX`5MDMW=d™e{Y*QpMcezd@W6icVh`5^W=eveh]meuY [@\HtQ'ds]cQBS_T@`5M¥eh]jB‰vW=^vS_TaWŠ_”w`5OO,WHVqbš~5‹,~‡b¾WqSrQd_~‡br—B·D·t¢cb‹WHMcWHOQ'Mb¾³~  z~‡b—H·.<<’X~8 8W=e‚\XSo] YDWfe¥YD\HcW=dK`'iDi \=We‚Y5Q=Mce‚dKW ^=xDQ'O„i–YDW d [@\=Y']m^=QHS_Ta`5MS_V`']DcWHMSYWfe‚^'`5VV\=daQHS_Ta`5Mce,ek`']cWHMpS |_QTsjcd@WfeWHMS_VXW^=VhT ShUHVqW=eu`'j=‰vW=^vS_TK|eWqSweh]DjB‰vWH^vShT}|e{OQ*TKeuQ'V_VTscWHMS•^'Wvi WHMcY5Q'MpS¤lc\HMc\HVQd@WHO,WHMS•ƒdaQ^`5MD^ds]me¦TK`5My'] W dKW=e6VhWfeqim`5MceXQpjcdKW=e6Y [@\qS_QpjcdKTKevekWHOWHM*SueX`5MSz^=QpicQ=jd}W=eY [aTKYDWHMShT}|hTKWHV d@Wfe„WHMcekWBTalMtQ'MSe{icWHV|_`5VhORQpMpSheŠo¡NWXSWHVqeX`tMb˜Lz~ b WXSzQ'd ~‡bN‘D‘D‘5’v~ ¶+WfeV\=eh]cd‡S_QHSeQH]meveXT4eq]Dl5lcWfe STa|e„ev`5TKWHMSuTKdKevbNY`DTscWHMSu§qS_VXW^'`5McevTaYD\HVX\feQ=cW=^-icV\=^=Qp]*S_Ta`5M0^=QVudaWfe \XSo]mYWfeuY`5MS4T@d™eueX`tMpSrTKeveh] ewO`5MS_VWHMSr^WHVJS QTsMcWewdKTaOT‡ShWfeuŠ_\=^HxDQ'MS_TKdadK`5MceuYW6|_QTsj dKWzS_Q'TKdadKWWqS€Mc`tM,VXWviV\=evWHMS_QHS_Ta|evb jcTaQTKeuYWev\=dKWH^vShTK`5M‚Mc`5M‚iD]cV lc\=evbNWHVVWk]cVXeuYDW„OWeh]cVXW=e6WXS_^D~ ’v~ ¶•W=eudKTaOT‡ShWfeev`'MSzWHM‚icQ'VJS_T@WdKWH\=We6Y5Q=Mced_[K\XSo]mYW V\H^WHMShW!YDW. vQ'^`'jmb´”6~~.Q=McY. icQ'VKS_Ta^H]cdKTKUHVXWHOWHMpSTaMSh\BVhWfeve¦Q=MSe=~.  rWH|_lDVXWHMb´ w~ZŠoc‘D‘'’šYDW!ek`5VJS_W!y'] W!dKWk]cVqe icQVoS_TaVY [s]DM. V\=eh]cd‡S_QHSeQpiDicQ=V_QTKeve¦WHMpS. \=^pxDQ=MSTadKd@`5Mš^`5MD^WHV_MDQ'MS0d_[KWHMcekW=TalDMcWHO‚WHMpS(icVTaOQ5TaVW“Y [s] M. YDTKe_S_VhTa^vSzQpO\BVXTa^=QTaMcbNT@d™eO`tMpS VWHMSuy']mWdKWfe„\HDQ'dÁ]QBS_TK`tMe„eh]DjH‰vWB^vShTacW=e„YDWc‘tTaMce_ShT‡So]*S_Wk]cVXevbGicV_QHS_Tay] \=W=euicQ'VudKWfe YDTaVW=^vShWk]cVqeuY [@\=^`5dKWevbG^`tMe S_T‡So]mWHMSwYDWjmTKWHM#OW=TKdKdKWH]cVXewicVh\=YDTa^vSWk]cVqe{YDWVX\feh]d S QBSe6e¦^=`DdaQTaVW=e6YWe6\=dKUHWfe„y'] WdKWfe YDTsicdKÄtOWe`']šd_[KWk†Di \BVXTKWHMD^W£icV`5|W=evekTK`5MDMW=d}d@W–YDW=e3ORQ aS_VhWe=~u z[a\HDQds]cQHS_TK`5M7eh]jB‰vW=^vS_TaW–evW.VX\kcU=dKW´WHM7`']*S_VXW icWHVJS_T™McWHMSWi `]VTKYWHMpShTa|TKWHV„dKWfe-OW=TKd@dKWv]VqeWHMcevW=TalMtQpMSe`5].dKW=e„icds]me-O\=YDTK`^=VqW=evb¤ORQ'T™eRimWHTaMcW#ƒ|_Q'T}VhW]cMS_VhT icVh\B^'T™e. WHMS_VhW. WHMcevW=TalMtQpMSe. O`5gcWHMme=~²¡GQ=V. Q'Tad}d@Wv]cVXevb. d_[K\HDQds]cQHS_Ta`5M. eh]Dj=‰vWH^vST™cW. evWHOjcd@W. im`5VoS_Wv] evW. YW. YDTKeX^=VhTaOTaMDQBS_T@`5Mcezƒd_[@WHMc^`5MS_VhWYWfewx`5OOWeuWXS•YDW=euWHMcekW=TalDMDQ=MSewM`5MRS_T‡So] daQTaVW=e=~u]S`=S_Q'd™b¾`5M,VXWXS_V`']DW6j TKWHMcb eh]cV•daWe¦W=^vSWk]cV•YDW6dh[KWHMcevW=T™l*MWHO,WHMSb d@WfewlDVhQ=MDYDe4S VQT‡SewY5W„d}QdaT‡SKSh\BVhQBSo]DVhWulc\HMc\HVQ'dKWˆDVÄ5dKW„YDW„daQY*TKe_S VTsjD]*S_T@`5MYDWfe icVh`*Y']c^vShTaDT‡S\=evb¾^=QVQ'^vS_UHVW„TaOicQVh|_QT‡SrYDW„d}Qeq]Djme_S_T‡So]5S_TK`5M^=VT‡S_UHVXWfeueh]jB‰vW=^vShT}|eužr^=VhT ShUHVqW=eu`'jB‰vW=^vShTa|evbGWv†T™e SWHMc^'WYW jcTaQTKe´~. uMnim`DT™MpS‚YW05]mW^`5OidK\HO,WHMS_Q'T}VXWWe_SQpiDic`5VJS \. icQV‚0]V_MDQ=OW=bu³~+~•Q=MDY´ 4WHgb{Ÿ4~zŠH—B··D¸5’y'] T. |_`']cV_MT™ekevWHMSwYDTa||\HVWHMShWfe„TadKds]me S_VQHS_Ta`5McevbNVWHdaQBS_QpMSzdKW=e{icV`'jcdKUHOWe^`tMt^=VXWXSeVWkMc^`5MS_Vh\fe{icQ'V Y5W=e„\B^'`DdKW=e„y']cT4`tMpS W=eveXQ=g\Z]M. eXgce_ShUHOWÃYDW´V\HO]Mc\HVQHS_Ta`5MšQ=]. O\BVhT ShWnjcQ*eX\Ãeq]cV0]DMDW“\HDQds]cQHS_TK`5M. eh]jB‰vW=^vS_TaWfb-ic`']cV.WHMceh]cT‡SXW. d_[aQ=jcQpMDYD`5MDMcWHVB~m{T™MekTGicQVuWk†mWHOidKWfb˜dKW^=Q*eYDW=e6^'Wfe„WHMcekW=TalDMDQ=MSey']mTKbGVW=^'WHtQpMSr]cMWMc`=ShWTaMD|\HVTKWH]cVhWƒ^'W=dKdKW.  F z &A@T* ,6@ 7_83&A@>@hH9-:;M< 4K2Uu+29@ & L:& 4dfQ20*Bc98+SU&b-:;K20;K,KH9-35F@ H!89X&0-;MSU,.@h&r&e- 2{X+2!-9;R(320*)4K&A@>@BG:-+L,./e20;C@ (3H!8:*T4?2 PC,:2e;.,KH9- L&A@ * O0S>8:-+Ob*B20;K,.H9-@59&b->PC2bX+&b83*%L:&M/e*C,Q;6Ib* &A@%H0u[&!/b;6,QPd@%-+H9- S>20-,Q(:834Q2{u+4K&A@ ;6&046@%798+&x4Bf?20-+/0,K&b-:-+&b;6OYH!8U4.&RL:,Q(:49SU&9^    

(17).

(18) y'] [KT@d™e#W=e_S_TaOWHM*S-O\HVT‡SWHVqbwVh\=Y]T™ekWHMSd@Wv]cV‚WH|_|`5VJS-WqSYDTaOTaM5] WHMSdaQ%y']cQpMS_T‡S\0YDW‚S_VhQ=DQTad6W=|_|hW=^vSo]m\5~uMZQ=]*S VW icVh`jdKUHOW^'T Sh\W=e_S^WHds]mT„YDW0daQ. @VX\qS_Vh`'ltVhQY5QBS TK`5M @B~• rWfe#WHMcevW=T™lDMDQ=MSe¥M¾[@TaOQlTaMcWHMSiQ*e‚VhWB^'WHc`DTaV]DMcW Mc`=SXW. TaMD|\HVT@Wv]cVXW ƒ^'WBdKd@W0`j5SWHM5] W0dK`5Vqe‚YDW daQ0icVh\B^'\=YDWHM*ShW0\HDQda]cQHS_Ta`5M–WXSTKd6W=e_SWk†*S_VX§HOWHO‚WHMpSYDTa|_|Ta^'TKdKW#im`']cVdKWfe \HDQds]cQHSWk]cVqewYDWr‰h]me_ShTa|TKWHV•^WXSKShWR¿V\XS_V`tltVhQY5QBS T}`tM,Àd@`*VXeXy'] [aTKdKewMcW{imWH]cWHMS€icQ*ewOWXSKS_VhWQ'TKev\HOWHM*S+WHM¥\HTKYDWHMc^5W dKW=e!|_Q'TsjmdKW=evekWfe:WXS. d}Q. |_Q=`5M. Y [ag. VXWHO\=YDT@WBVH~“ 8Q. MDQBS@]cVW. YT}|_|hTa^TKdKWHOWHM5S›`'j=‰vW=^vS_TaDQ=jdKW. YDW. d_[aQ^vS_TaT Sh\. Y [KWHMcekW=TalDMcWHOWHM*ST ~5W5~'d [aQpjmeXWHMc^'WuYm[s]McWwVW=daQBS_T@`5MMWqSKShWuWHMSVhWzdKW=erQ^vS_T@`5McerYm[s]MWHMcevW=T™lDMDQ=MS8WXSNd_[aQ=iDicVhWHMS_TKeveXQ=l W YDWud_[K\=dKUHW|_QT‡SNy']mWudKW=e•eh]Di WBV cTKevWk]cVXe€McW ek`5MSGicQ*erWHMOW=e¦]cVWwY [KWk†DicdKT@y] WHVNic`']cVy'] `DT]cMWHMcekW=TÁlMtQ'MS8W=e_SGicds]me W=|_|Ta^=Q'^W„y]N[s]cM‚Q=]*S_VhWfbmMDT Y [@TaMcYDTKy'] WBV•^=daQ'T}VXWHOWHMS•dKW=eu\XS_Q=i Wewƒeh]cTsDVW„WqS+dKWfew^'`5Oim`5VoS_WHOWHMSewƒQYD`'i*ShWBVri`]V Q=O\=d@TK`5VWHVdaQ0i WBVh|_`5VOQ'MD^W5~4„W0^W |_QT‡SbwdaQ^'`5MD|TaQ=M^W0YDW=eWHMcekW=TalDMDQ=MSe#Y5Q=Mce#dKWiV`D^'Wfeveq]meY [@\HtQ'ds]cQBS_T@`5M YDTaOT™M*] WuWqSNd@Wv]cV€O`fShTaDQBS TK`'M-e=[aQ'|_|_QTsj d}T‡Sv~ ¶+`McekTKYD\HV`5Mce. OQ5TaMSWHMDQ=MS. ]cMW›Q=]5S_VW|_`5VhOW. Ym[@\HDQds]cQ=S_Ta`5Mcb.^WHMcek\=W›VX\kim`5MY*VhWQ=]D†. dKTaOT‡ShWfe. YDW. d_[K\HDQds]cQHS_TK`5Meh]DjH‰vWB^vShTacW5~.  -

(19)  %' 3'   !9  # ' (* + ,. +0/1 !.  z[@\HDQds]cQBS T}`tM(`'j=‰vWB^vShTacWYDWdaQi WBVh|_`*VhOQ'Mt^'W„jcQ*ekWd@Wfe{icVT™OWe„YDWfe„WHMcekW=TalDMDQ=MSe„eh]cVudKW=eVq\=eh]cd‡S_QHSeYDWfe \=dKUHcW=eƒ YDW=euSW=e_Sep~ L8d@dKWW=e_Sulc\HM\BVhQdKWHOWHM*SQ*eve¦`*^'TK\=W‚ƒ^W#y]TzW=e_S6YDT‡SuVX\HO„]cMc\HVQHS_Ta`5MQ=]O\BVhT‡SW @hMD`']ccWHQ=] e_SogDdKW@Š_”•Q'^HxtQ'VQ'^HxbN~ ”6~‡b€WqSQd_~‡b6—H·.<¢D’br\klDQdKWHOWHM*SQ=iDiW=dK\=W @_icQ'TKWHOWHM*SQ=]D†.V\=eh]cd‡S_QBShe@RŠ_¶+`*d‡S xDQObr~N”6~ b —B·>tD’v~ z[aQvSKSoVQ'T S+Y*W„^WXSKShW6iVQBS T}y'] WWfe SbNevWHdK`5MekWfeYD\H|WHMcevWp]cVqeXbGy']cWdKWicV`'j dKUHOWYWd [@\HDQds]cQBS TK`5MW=e_S•Vh\fek`5dÁ] WHM OWeh]cVQpMSbGDTaQ,YWfewS_W=e_Se„e_S_Q=MDY5QVhY5T™ek\evbN^=WHVJS QTsMcW=e„YDTaOW=MceXT@`5Mce„YDWd[K`']*S iD]*SwYDW^=xDQy'] WWHMcekW=TalDMDQ=MSbNY`5MD^ WHM“\HcT‡S_Q=MSdKWeQ5ehicWH^vSe eh]DjB‰vW=^vS T}|e YWfe \HDQds]cQHS_TK`5Mce#^`5MY] T‡SW=e#Y*QpMce d [aQpMc^=TKWHMÃehgce_ShUHOWD~•Q'T™ekb6eXWHdK`5MÂekWfe YD\XS_VQ'^vS_Wk]cVqevb^=W4S g*i WuYDWzVX\HO]DM\BVhQBS_TK`tM-e=[aQpcUHVqW+imWk],WH|_|Ta^'TKWHMSN^`5O„i*ShW4ShWHM*]‚YDW=er^=QVQ'^vS_\HVTKe_S_Tay']mWerYW d_[aQ'^vSTscT‡SX\ Y [KWHMcekW=TalDMcWHOWHM*Sk~. uMWÃYDW=eZVhQTKeX`5McenTaMDD`Dy'] \=We´Wfe_S^WHdKdKWPYDW“d[aTaMDQ5YD\=y']cQHS_TK`5M. YWfeSW=e_Se´e_S_QpMDY*Q'VY5TKev\=e=~¶+Wv]†mžo^T‚M W. |_`']cV_MT}VhQTKWHMSriQ*ew]DMW S_VhUfe jm`5M5McW-OWeh]cVhWYDWfey']cQd@T}|hTa^=QBS_TK`tMeYDW=e6\=d@UHcWfekbNWqS¤icQVw^=`5Mcev\=y'] WHMpShb YWfeu|_V ]cT‡SeY] S_V_QptQ'Tad,YW“d [@WHMcevW=TalMtQ'MSv~„¡ `']cVoSoQ=MSbd_[a\B^'`5Mc`5OTKW“YWfe.^'`5MS_VQHSe.ŠodaQ–SoxD\=`5VTKW“YW–d[aQplcWHMc^'W“WHM7iQVKS_Ta^H]cdKT@WBVh’ icVh\B^'`5MDT™ekW=brWHMcWHVJS ]Y]0iVTsMc^=TsimW‚Y [KT™Mt|h`5VOQBS TaDT Sh\=b8YDWO‚QTsMSWHMcTaV6d_[s]*S TKdaT™e¦QBS_TK`tM(YDW=euShWfe_SheŠoTadalDVX`5O-b€¡4~¾Q=MDY ³z`'j WBVoSevbN=~‡bu—B··5D’X~ cWHdK`5M^'WicVhTaMD^Tsi Wfb€WHM(W=|_|hWqShb S_`']*ShWTaMD|`5VhOQBS_TK`tM(Y5TKehi `5McTsjcdKW‚eh]meX^'Wvi*S TÁj dKW‚YDW„i WBVhOWXSKS_VXW ]DMcW#QO\=daTK`5VhQBS_Ta`5MZYDWdh[KW=e_S_TaOQBShTK`'MZYDWd[@WB|h|_`*VoSb•Y5`DT‡S§XS_VhW]*S T}daTKek\=WY5Q'Mced@WO\=^=QpMcTKeXOW Y [KTaMD^T‡S_QHS_Ta`5Mcb+ORQ'T™e d_[KTaMShWHMceXT‡S\YDWd_[KT™Mt^'T‡S_QBS_Ta`5M#imWk]*SuWXSzYD`T S+DQVhTKWBVuWHM|h`5MD^vST@`5M(YWd}Q‚y']cQ'dKT‡S\YDWd_[KTsMc|h`5VOQBS T}`tM¾~¾ 4W|_Q'T Swy']mWdaQ y']cQd@T Sh\„Y]ShWfe SrMcWui WBVhOWXSKShWuicQ*e{YDW6OWeq]cVWHVricQVh|_QT‡S_WHOWHMDSNS_W=dN`]ShW=dN`]5SoiD]*S•eX^=`DdaQ'T}VXWMcW6^'`5McY']mT‡S•Y`M^6icQ5e |_`5V^'\HOWHM*SNƒzS_`']*SNVXW_‰vWXS8YDW6eX`tM]meXQ=lW*~5¶wWqSKShW@TaOiD]VWXS\@rY5]S_W=e_S8Š_^=Q'VNjcTKWHMWHMShWHMcY']Q=]c^H]M{ShW=e_SNM [KW=e_SGicQ'V|_Q'T S ’ WHMS_VQ@McW7eXT™OimdKWHOWHM5S.y] WÃd_[@`5M. QBS@S_VTsjD]cW. ]DM. im`5TKYDenO,`TaMceZTaOi `5VJS_QpMSQp]D†. Vh\feq]cd‡S_QBSenY']. ShW=e_SY5Q'MceZdaQ. YD\XSWHVhOTaMDQBS_T@`5M,YDWd}Q„VX\HO]Mc\HVQHS_Ta`5M ~5TaMcekTKbicQVrWv† WHOicdKW„Y5Q=McewdKW6^=Q5ezY [s]McW6|h`5MD^vS_TK`5MYDW6eXQ'd}Q'TaVqWdKTaMc\HQTaVXWfbdoW ^=`DW=|_|hT}^'TKWHMSYT}VXWH^vSWk]cV.YDW“daQ²Y5V`DT‡ShWfb‚y']cT#OWeh]cVhW“d[aTaMShWHMe¦T Sh\ÃYWfenTaMc^=T‡S_QHS_TK`5McevbYD\Hi WHMcY5VQ5žaSžoTad™b¥YDW“|_Q:'`5M YD\=^=Vh`*TKeve¦Q=MSW=bYDWud}Q{icV\H^=TKevTK`tMRY']S_W=e_S8ŠoDQ'VTaQ=MD^WwYDWud_[KWHVVWk] V’v~.    

(20).

(21).

(22) QTKevb€^=WBVoS_QTsMce„Q=]*ShWk]cVqeŠo3]cV_MDQ=MWfb€³~GQ=MDY0¶z`txcWHMcb8~NŽ~ b—B·.<5¸5’uQ=V_l5]cWHMS6y'] Wd_[KTsMDQ*Y\=y]QBS_TK`tMYDWfe S_W=e_Se-M [@Wfe_SicQ5edKW‚icVh`j dKUHOW |`5MY*Q'OWHMS_Q'd YW^'WqSKShW |_`*VhOW0Y [K\HDQ5ds]cQBS T}`tM¾~hcW=dK`tM£Wk]D†mb+O§HO‚W(eXTudKW=eShWfe Se |_`']cV_MT™ekeXQTKWHMS‚YDWe(OWfeq]cVXWfe3Wv†cQ'^vSW=e YDW=e ^`5Oi \XSWHMc^'Wfe3YDW=e0\=dKUHcW=e0Y5QpMe3YDW=e0YD`5OQ5TaMcW=e#icQVoS_Ta^H]cdaTKWHVqevbdKW icVh`jdKUHOWZYDW=e TaMD^T‡S_QHS_Ta`5Mce#im`']cVQ'dad}`'] WBV#dKWShWHOi e0e_S_VQHSo\HlcTKy']mWHOWHM5S‚ƒZY5Wfe3\=dKUHcW=e#icQVoS_Ta^H]cdKTKWHVqe WXS‚ƒZY5Wfe YD`5OQ5TsMcWe+icQVoS_Ta^H]cdaTKWBVXeuWXS8i`]VrMc\HlcdKTalWBV•dKW=ewQ*ehi WH^vSewY]#O\vS_TKWHV•Mc`5M‚OW=eh]cVhQ=jcdKW=e+icQV•Y5W=erSW=e_Seue_S_QpMDY*Q'VY5TKev\e YDWHOWH]cVXWHVQ'T Sk~. . MPimWk]*S0\HlDQd@WHOWHM*S#imWHMcekWBVy]N[aƒ“d[aQ=iDiV_`*^pxcW“YDW´d_[K\=^=x\BQpMc^W´y']mW´^`5Mce_S T S ]mW´dKWShWfe Sb„]M. WHMcevW=T™lDMDQ=MSW=e_ShTaORQ'MS‚y']mW.^'Wfe\=dKUHcW=e M [@`5MSicQ*e Q'^=y] TKe dKW=e0^=`5Oi \qShWHMc^'Wfe(OTaMcTaOQ5dKWfe0eq]c|_|TKeXQpMpShW=e#im`']cV V\k]meve¦T}V€dKW4S_W=e_Sbtic`']cVhV_QeXW e¦WvMShT}V€YD\B^'`']cVQplc\uWqSNVh\BY'] T}VhQeXW=erW=|_|`5VJSheq~  8W=e8S VQ=DQp]D†,WHO„imTaVhTKy']mW=ezeh]V4daQ„y] W=e_S_TK`5M,ek`5MSNi Wk]Mc`5OjVWk]D†mb WHMVhQTKeX`5MMD`fS QOOWHM5S4ŠozS ŒDTaMcev`5Mcbm-~‡b WXS•Q5d ~‡bGc‘D‘t¢D’•YDW=e6YDTa|h|_TK^H]cd‡S\=eƒS_Vh`]cWBVuYDW=e{tQ'VTaQ=jdKWfe{OW*eq]cV_Q=jcdaW=eui`]VzQ=iicV`'†cTaOWHVudKW=etQ'VTaQ=jd}W=e^dKWH|e6WvS YDW=euYDTa|_|Ta^H] d‡S\=ewƒ`j5SWHMDTaVzYDW=euY5`5MDM\=WezT™McYDTacT@Y] W=dadKW=euWqSrƒ\=d}Qpjc`5VXWBV•YDW=eu\HDQds]cQHS_TK`5McewTaMc^=ds]cQpMS•YDW=ez^'`5MS_VÄdKWfe QY\=y]QBSe=~# 8W=e²\qS ]cYDW=ešWk†mTKe_S Q=MS_W=e²`5MS“^HxcWHV^pxc\. ƒšS WfehS_WHV“dKW. d@TKWHM. WHMS_VW. TaMD^T‡S_QHS_TK`'Mce²TaMcYTaDTKY']mW=dKd@Wfe²WvS. icWHV|h`*VhOQ=MD^W=ew`'jf‰vWH^vShTacW=evbOW=eh]cVh\=Wfe¤icQVrdaWfe+V\=eh]md‡S_QHSe•Y5W=ew\=dKUHcW=e•Q=]†RS_W=e_Se=~50Q'TKe•daWfe€SW=e_Se¤McW6ev`tMpSreX`']cWHMpS icQ5e8Q5eveXW Y\=^TKeXTK|evbtMDTmeq]c|_|TKeXQ'OOWHMSNVTal`]VqWk]D†‚WvM6SWHVhOWfe+YDWwOWeh]cVhW Šo¡ VhWHMcYDWHVhltQ5e_Sb  6 2!7J~ ’v~'LNM`]5S_VW=bD^=We \XSo]mYWfe+McWu^`tMekTKYDUHVXWvMS˜icQ*e+Wv†Di dKTa^T‡ShWHOWHMS4d@Wfe+^`5MS_VhQBSe+`*|_|_WHVJShe•Q=]†Q=lcWkMSeri `']cV4TaYDWHMShTa|TKWHV4d@Wfe+VTKevy'] WfewWXS8dKWe VWHMDYDWHO‚WHMSeYWd_[KWH||h`*VoSWXS|`5MSek`']DcWHMSd[aTaOicQ5eveXW0eh]cV^'WBVoS_QTsMce#Y5gceX|`5MD^vS_T@`5MDMcWHOWHM*She=~r¡ QVV_QpiDic`5VJS-QH]D† icVhWHOTKUBVXW=e‚\XSo]mYWfe‚eh]cVd_[@\HtQ5ds]cQHS_Ta`5MZ`j=‰vW=^vS_T™cWfbwy'] T ekW^QpMpS `5MDMDQTKWHMS„ƒ0YDWe‚YWfeX^=VhTsi*ST@`Mce‚T™Me S_T‡So]*ShT}`tMDMcW=dKdKWe eX`']cdKT™lDMDQ=MS8d_[KW=ehi \BVhQ=Mc^'WuYDWuDTKW=bDQ5evevWwjcVXUHcW=bYDWfe+YDTKehi `te¦T ShTK|e•Š@‹QHS_V_gcbt‹,~‡bDWXSNQd_~‡b€—B·D·5¢D’bWHdKdKW=ez`'MSNM\BQ'MDO`DT™Me dKW„O\HVXT ShWYDW„c\HVT@|_TKWBVuy'] WdKWfe{TaMc^=T‡S_QBS TK`5McewMcWVhWfe_ShWHMSricQ5e6eXQ=MceuWH||hWqSk~c„W„|_QT‡SbGYDW=euVW=daQBS TK`5Mcewic`DekT S TacWeWHMpS VW V\k]meve¦T ShWeX^`5daQ5T}VhWWqS+YDTKehim`DeXT‡ShTa|euTaMD^T‡S_QHS_Ta|e6eX`5MS•|_Vh\=y] WHOO‚WHMSz`'j*ShWvM5] Wevb¾ORQ'TKe6dKW„YD\HjcQHS8S_WH^=xDMDTKy'] WYDWHOWH]cVXW S_VhUfe€DTK|8eh]cVNYDW=erV\=eh]cd‡S_QHSe‰h]Dlc\=e•WHMD^`5VhW T™Mt^'WBVoS_QTsMce=~ T™Me¦T™bwƒ.d_[K`5^=^=Q*e¦TK`5M–Y [s]McW0\HDQ5ds]cQBS_Ta`5M´|`']cTKdKd@\=WY [s]cM´YDTJehic`DeXT‡ShTa|TaMD^T‡S_QHS_Ta|OTKe WHM.imdaQ'^W ƒ6Q'dKdaQ*evb  8Q'Y*YDb‹,~5Ÿr~DŠH—B·D·D·t’8`'jmevWHVhcWwjmT@WHM¥YWfewW=|_|WXSe¤im`DekT S T}|ekbOQ*TKewY [s]cMWuicQVoS_b^=WfewW=|_|WXSewev`5MS€DQVhT}QpjcdKW=ezekW=dK`5M‚dKWfe lDV`']Di Wfe¥WqS xDMDTKy']mW=e‚Š_\=dKWH\ei`]VdKWfe”•daQ'MD^e‚WqS„dKW=e-‹TKeXiQ=MDTKy']mW=eOQTKeTaMcevT™lDMDTK|_TaQMSe-ic`']cVdaW=eB`5TaVqeX’b+WqS Y [aQ=]*S VW„icQ'VJS_bN^=W=e6Vh\feh] d‡S_QBSheeX`'MSw|_VQ=lDTKd@T™ek\=euicQ'Vud [aWk† T™e SWHMD^WY [s]cM¿„WB|_|hWqSw6Q5dadaQ*e•À5bGic`DekT S T}|ueh]cVudKW=e6VX\=eh]cd‡S_QHSe eX^=`DdaQ'T}VhWfekbWHMtVXWHlDTKe_S_VX\=erQ=DQ=MSNO§pOW6d_[KTaMS_Vh`5Y] ^vS_TK`tMY]‚YDTKeXi`te¦T ShTa|v~Q=Mce•daQO§HOWzi WHVqehi WB^vShTacW=bdKWfew\XSo] YDWfe+YDW ¶•`5`'i WBVXblN~ z~DQpMtY¶w`5xDMcbGLz~ ŠH—B·D·%>5’zeh]cVwd}WYT™eqim`DeXT‡ShT}|+OTJeuWHM`Wv]DVqWWHM¶+QV`5dKT™McWY'] D] YS_V`']DcWHMSwQ=]mekeXT YDW=euV\=eh] d‡S_QBSe ic`DeXT‡S_Ta|e6WXSzeXTalMcTa|Ta^=QBS_Ta|e{ORQ'TKe6dKW=euQp]*S_Wk]cVqeuVhWvMYDWHMS•^`5O„i*ShWYDWdKWk]cVzYT}|_|hTa^H]md‡Sh\fbG^WXSKS_W„|`T™ekžo^TKbGƒ YDTKe_S_T™MDl5]mWHV•dKWeuW=|_|hWqSe{Ym[@TaMD^T‡S_QHS_TK`'M‚icV`'icVhWHOWHM*S•YDT‡SevbGYDW=euW=|_|hWqSe{YDWRek\HdKW=^vSTa`5M#xtQp]*S_WHOWHM*S€icVh`'jcQ=jcd@Wfewi]cTKevy'] W dKWwYDTKehim`DeXT‡ShTa| daQ'T™ekeXQT‡SNdKWw^=xc`DTs†Qp]D†WvMcekW=TalDMDQ=MSerYW ekW•ic`5VJS WBVN`DdK`'MS_QTaVXWz`']Mc`5M ~ 6W=e“\XSo]cYWeZQ'O\HVTK^=Q'TaMcW=e.i ds]meZVh\=^WHMShWfe´WXS.Q=]D†O\XS xc`DYDW=e.i ds]me´ev`'ixtTKe_ShTKy'] \=WfenQVhVTscWHMSƒ. YDWfe. ^=`5Mc^=ds]mekTK`5McerQ5eveXW6c`5TKekTaMcW=e•eh]cV8daQ6VXWHd}QHS_TK`5MT™Mt^'T‡S_QBS_T@`McewWXS8V\=eh]cd‡S_QHSerQ=]†S_Wfe SevbO§HOW6dK`5VXeXy']mWudKW=e•TaM^=T S QBS_TK`tMe McWek`5MSuicQ5e„QdaTalDMc\=W=eeq]cVdaQ0eXWk]mdKW‚Vh\v]mekevT‡ShW¥e¦^`5daQTaVXW*~NŸGTalcdaTK`Dbr~ B~NQpMtY0Ž„WHMDM5gcbr z~ š  ~8Šoc‘‘D¸5’zSoV`']DWHMpS QTsMcekT™breh]cV{]DM\=^=xDQ=MS_T@dKdK`5MdK`tM*lT S ]mY5TaMDQd+MDQBS_Ta`5MDQdKbrYDW=eWB|h|WXSei `tekT‡S_Ta|e„icQ'VJS_Ta^H]cdaTKUHVXWHOWHM*S6|_`5VoSevb€^WXSKSW|`DTKevžo^'T. z%E+&[X+2!4K,.&e*d 5

(23) b^20-:L>k'4K4Q,i@hH9-53|T^:Jbm0nn:V=&W; a G&0*[5l'^+J{mbnn:o9Vw;K* 20,Q;6&{-_;tL&)/0&Y;?G9(&)Lwf?&bPBP &b;(+&0*6X+&0*[@5:Ss20,6@F4K&b8:*[@%;.*B2bX+208 -+& /0H9-+/0&0* -+&b-;+(:2]@%4K& @\G3@d;6I0SU&YO0L98+/020;6,QP[^.    

(24).

(25) Y5Q=Mce0d@Wfe\XS_Q=jcdaTKevekWHOWHM*Se#iD]jmdaTK^e3`]Ãn|_QTsjmd@Wfe(O`5gcWHMmeHb6d@Wfe(OW=TKdKdKWk]cVqe VX\=eh]cd‡S_QHSe0eXW0S_V`']DDQ'MSY5Q=Mce3dKWfe \XS_Q=jcd@T™ekevWHOWHMSeƒ´YDTKehic`DevT‡S_T@||`5VJShWHOWHMS TaMD^T‡S_QBS T}| Š_^D[KW=e_Sž ƒ*žoY5TaVXWZYDW=e\vS Q=jcdaTKevekWHOWHM*SeYDTKehic`DeXQpMpS YDW£jm`5M5]me TaO„im`5VoS_Q=MSei`]V]DM.MD`5OjcVXW Ym[@WHMcevW=TalMtQpMSei Wv]“\Bd@WHc\=’B~ruQ=Mce‚d_[K\XSo] YDW YDW„W=Wb ~h ~8QpMtY.Ž„WHgcevbw”6~4=~ Šoc‘D‘t¢D’bDdaW=erV\=eh] d S QBSe€ic`DeXT‡S_Ta|e€DQVhTKWHMS8eXW=dK`'MdKW=erYDTKeX^Tsicd@TaMcW=e•WXSNd [aQpMc^=TKWHMDMWvS\wYDWfe+WHMcevW=TalMtQpMSe=~. ". d_[@WH†*S\HVT@Wv]cVYDWe.¨ S QBSevž {  MtTKevb¥`5MšVqWXS_Vh`]cWÃdKW´O§pOW–Sog5i W“YDW“VX\feq]cd‡S_QBSekb^=`tOOWÃd[aTKd@dÁ] e_S_VW“doW. YDTKehic`DekT‡S_TK|‚TaMD^T‡S_QHS_Ta|Wv†im\HVTaOWHM5S_QdŒcWHMDgDQ'MÂ^=Tsj dK\%eq]cVd_[K\XSQpjcdaTKevevWHOWHMS#WqS#\HtQ'ds]m\3icQVœd}W. . Wfb¡4~‡bWqS‚Q'd_~. Šoc‘D‘t¢D’v~r6W0daQO§HOW0|_Q`5Mcbwd_[K\HDQds]cQHS_TK`5M´Y]nicQTKWHOWHMSƒdaQ0iWBVh|_`*VhOQ=MD^WYDW=eWHMcekW=TalDMDQ=MSe‚QpM5lcdaQTKeYW d_[KWHMcekW=TalDMcWHOWHM*S•ekW=^`'McY5QTaVXW„W=|_|W=^vSo] \=WuicQ'Vr+S ŒDTaMcev`tMb¾~‡b ”r]cV lcW=evevb N~‡b ¶•V`'†me¦`Mcb¾”6~DQ=MYœ6VXWHlDlcb ¡r~cŠoc‘‘5¢D’ Q=iVU=ez^=`tMpS VÄ5dKWYDW=euWH||WXSew|_Ts†mW=eu\=dKUHWeu`']WHMcevW=Tal5MDQ'MSevb eq]DlDlcUHVXWy'] W6dKWY5TKehim`DekT‡S_Ta|4QQpO\=dKTK`5VX\6dKWewV\=eh] d S QBSe Q=]†S_Wfe Sevb˜O§HO,WevT•d_[@`5M(^'`5Mce_S_QHS_W‚WHMc^`5VXW‚YDWfeRxc\XS\HVX`5lc\HMc\=T‡Sh\fe-WHMpS VqWOQBShTKUHVW=eŠ_d@Wfe„VX\=eh]cd‡S_QBShe„Q=]D†S_W=e_Se„YW OQBS xc\HORQHS_TKy'] Wfe(McW.O`5MS_VhQ=MSicQ*e Y [aQpO\=dKTK`5VQHS_Ta`5MD’v~zQTKe ^`5OOWnY*Q'Mce dKW=e Q=]*S VW=e0\XSo]cYDWevbdKW=e Q=]*S Wv]cVXe VWH^`tMDMDQTKevekWHMpSud@Wv]cVTaMD^=Q=icQ'^=T Sh\ƒ#YD\qShWHVOT™McWBV„eXT4d@Wfe„Vh\feh] dÁS_QHSeWHMt^'`']cVQplcWBQpMSe„`'j*SWHM5]me„Qp]0MDTacWHQ=]YDWeuS_W=e_Se eX`5MS TaO„iD]*S_QpjcdKW=eƒ´]DMšWB|h|`5VJS0eh]Diicda\HOWHM*S_QTaVhW–YDW=e.WHMcekW=TalDMDQ=MSe`']šƒ“YDWfeVX\=`5VTKWHMS_QHS_Ta`5Mce.Y [KW=|_|h`*VoSeQ=] YD\XS_VT™OWHM*SNY [aQ=]*S_VhWfer`'j=‰vWH^vSTa|e=~ u]‚5],YDW=e•VX\=eh]cd‡S_QBShe•YDWu^W=ew\qS ]cYDWevbd_[aQ=iicV\H^=TaQBS_TK`tMMcWwi WH]*S8y']cWuVXWfe SWHV8iV_]cY5WHMSWuy']cQ'MS8ƒ„d_[aW=|_|Ta^TKWHMD^5W YDW=e O\=^=QpMcTKeXOWe TaMD^'T S QBS_Ta|e#jcQ5eX\fe0eq]cV‚d [@\HDQds]cQBS T}`tMÃ`jH‰vW=^vS_TacW.YDWdaQ.imWHV|_`5VhOQ=Mc^'W*~acT„dKW=e V\=eh]cd‡S_QBShe YDWfe VWH^=xWBVh^=xcW=e TaMcYDT@y] WHMSlcdK`'jcQ'dKWHOWHM*S]DMcWVW=daQBS TK`5M´ic`DevT‡S_TaWfbdaQZy']mW=e_S_TK`tMÃYDWdaQZVhWBdaQBS TK`5MÃYDW^=Q=]meXQ'daT Sh\0M W eXWHOjcd@W6icQ5erS_`=S_QdKWHOWHM5S•V\=ev`dÁ] W5~DL8daQV lcTKeveX`5McewOQ5TaMSWHMDQpMpS+dKW„O`DYDU=dKWT™McT‡S_TaQdGic`']cV•^`tMekTKYD\HVXWBVr]McWRe¦T S ]cQBS_T@`5M O]cd‡ShT™žoQplcWHMSevbmimWHVhOWqSKS Q=MSrYDW6OWvS@S_VXWWHMfu]cDVhWu]cMW6Q=]*S VW„|_`*VhOW„Y [K\HDQ5dÁ]QBS_Ta`5MjcQ*ek\=Weh]cVr]McW6^`tOicQVhQTKeX`'M YDW=e€imWHV|_`5VhOQ=Mc^'Wfe=~.    

(26)   ),. #

(27) ! A + ' (* + ,.+ /1 ! +A !'" .  z[@\HDQds]cQBS T}`tM. YDWdaQ. icWHV|h`*VhOQ=MD^WVXW=daQBS TÁW›YDW=e. WHMcevW=TalMtQpMSeš^=`tMe ST‡So] W. ]DMcWšS_Vh`DTKeXTKUHO‚W|`5VhO,W. Y [K\HDQds]cQHS_TK`5M0jQ*eX\=Weh]cVd}Q¥imWHV|h`*V ORQ'MD^W#YDW‚d[KWHMcekW=TalDMDQ=M*SwiQVuVQpiDic`5VJSwƒdaQ‚i WBVh|_`*VhOQ=Mc^'W‚YDWevW=e„icQ'TaVqevb€daQ e_S_V ]c^vSo]DVW0YW0Vq\HO„]Mc\BVhQBS_Ta`5M“\XS_Q=MS‚e_S_TsiD] dK\=W*~+L8dKdKWe=[aQpiDiD]cT@WfbuY [s]McW icQ'VJSb6eq]tV]DM´^=`*Vh`5dKdaQTaVXW0TaOim`5VoS_Q=MSY] O`DYDU=d@We_S_QpMtY5Q'VYYDW6d_[aQ'lcWHMD^W6ekW=dK`5MdKW=yt]mW=dDS_`']*S˜jcV_]T S€`'],WHVVWk]cVrY5Q=Mce•daQ„OW=eh]cVXWuYDW6daQ6iWBVh|`5VhORQpMt^'W6WH† WBVh^W ]DMcWw^`5MS_VhQTsMSWueh]cV8daWwYDTKehim`DeXT‡ShTa| YG[aTaMD^T‡S_QBS TK`5McerWqSNYG[aQ=]*S_VhW•icQ'VKSbDeh]DV8daW+icVTsMD^Tsi W Y [@TaMD|`5VhORQHS_TscT‡S\uŠ32546 7"84: ;c’v~  8W=e. TaOidKTK^=QBS T}`tMe. Y]. O`DYDU=dKW. YDW. d_[@\HtQ'ds]cQBS_T@`5M. |h`5McYD\=W. eh]cVdaQ:i WBVh|_`*VhOQ=Mc^'W!VXW=daQBS_TscW. ev`tMpS. . W=evevWHMShTKW=dKdKWHOWHMS„YDWYWv]D†0Sog5imW=e=~NLNM0iVqWHOT@WBV„dKTKWk]mbrY5Q=Mce-]DM%WHMtTaVX`'MDMcWHO‚WHMpS„`%YWfe-|_Q^vShWv]cVXe^=`5OO]Mce. Q|_|_W=^vShWHMS‚dKWe VX\HO]Mc\HVQHS_TK`'Mcevb„dKW=e0Q=lWHMpShe0YD`DT™cWHMS§XS_VXWiQVKS_TaW=dKdKWHOWHM5S‚Vq\HO„]Mc\BVX\=eWHMÃ|`'Mc^vS_TK`tMÃYDWZdKWk]cVqe V\=eh]cd‡S_QHSewVWHdaQBS_Ta|e=~L8MYDWk]D†cTKUHO‚WdaTKWH]mb daQ^'`*VhV\HdaQBS_TK`tM¥WHMS_VhWd@Wfe+i WBVh|`5VhORQpMt^'Wfe{YDWewQ^vShWv]cVXewY*`T SrVXWHxDQ=]mekeXWBV•doW McTaWBQp]Ym[s]5S_TKdKTKeXQHS_Ta`5MRYW daQuiWBVh|_`*VhOQ'Mt^'WzVhW=d}QHS_TacWuŠo¡ VhWHMcYDWHV_lDQ*e_ShbD`'i^=T‡Sv~ ’v~. l20*U*B2e(:(3H9*\; 2e8 208;.* &A@ @\G3@d;iIeSU&]@5Y4K2 4KH9c,.7_83& L:& 4 fQO[X+2A4Q8:2e;.,QH9- * &04K2b;6, X+& &A@d; 7_8tfQH9- -3& (+&b8:; O[X+2!4Q83&0*s4.&!@ 2Ac&{-;C@ /0H9* * &0/W;i&eSU&0-9;M7_83&r@efg,K4i@Y2e(:(:2e*B;.,K&0-:-+&b-9;F208NS

(28) 0SU&U/0H9-;6&_;i&!5w<>8:-+& S

(29) 0SU&UO07_83,Q(3&s&b; 7_8tfQ,?46@)&&0* /0&b-; 2e8:(:* IA@ Lf?Oe4.IX+&]@ O07_83,gX+2A4K&0-;C@^    

(30). .

(31) A_dr|_Q=]*SwjTKWvM0`DTaV6Ta^=T•y] W‚d_[K\HDQds]cQHS_TK`5M cTaQdaQ‚icWHV|_`5VhORQ'Mc^'WVhW=d}QHS_TscWMcWS V`']cWicQ5eeX`'M(|h`5McYDWHOWHM*S Y5Q=Mce„dKWYD\fekTaVuY] icVhTÁM^=TÁiQdrYDWOWqSKS VqWWHM^`tOi \qShT‡ST@`5MdKWeQ=lDWHMSevb˜ORQ'TKeuicds]*ShÄ=SzY5Q'Mcee¦QD`Dd@`5MS\Ym[s]5S_TKdKTKekWBV ^WXSKS_W„^`tMt^H]VVWHMD^'Wuim`']cV•Vh\HO]Mc\HVXWBV•d_[KW=|_|h`5VJSrYDW„^HxtQ5y'] W6Q=lcWHMS•Wk†Di `Dev\=b TaM‚|TaMWfb¾ƒO`DTaMceuYDW6VhTKevy'] WŠ_”w`*d‡Sh`5Mcb ¡4~QpMtY‚„W. . QBS_VhTÁi`5MSbG–~‡bGc‘D‘5b¾‹`5daO,e_S_Vh`5ObN”6~‡bz—H·.<5jmbm‹`DdaOe_S_Vh`5ObN”6~Q=McY‚.TKdslDVq`tO-bG¡4~‡bw—B·D·t¢D’v~ ¶•WXSKS_W. O`DY5Q5daT Sh\„YDWVh\HO]cM\BVhQBS_Ta`5M‚cTKekWfbGWHMWB|h|WXSb ƒVh\BY'] TaVqWdKWVhTJeXy'] W6Q=]cy'] W=dNWe_S•Wk†Dic`Dev\„^=xDQ'y] W„Q=lcWHMS•WHM‚|TKd‡S_VhQ=MS daQ6^=`5MS_VhTÁj]*S_TK`5MY']^=xD`D^u^=`5OO]cMƒ6d_[a`']*SoiD]*SNYWz^HxDQ5y] WzQplcWHMSv~. uMW6Wv†5SWHMcekT}`tMMDQBSo]VWHdKdKWuY'],O`YDU=dKW6e=[KTsMcek^=VT‡S8Y5Q=Mce+d}Q{imWHVqehiWB^vShTacWuYDWeNSh`']cV_Mc`5TKe.   ~ €WfeNSh`']cV_Mc`T™e•ek`5M*S. YDW=e6Y5TKehi `DevT‡S_Ta|eTaMD^T‡S_QBS T}|e{y] TN`5MSz\XSh\QpMtQ'dagcev\=euY5Q'MceudKW„^QY5VhWYDWe¦T S ]cQBS_Ta`5Mce`dKW=e6TaMY*T™cTKY']meWv† WBVh^WHMS•YDWe W=|_|`5VoSePQ|_TsM2Y [a`'j*ShWHMcTaV´]DMcW. icV`5O`=ShTK`5M!Y5Q=Mce²YDW=e²WHOicd@`*TKePOT@WH]D†. icQ=gc\=e=~# 8Q›eoS_V_]c^vS ]tVhWšYD\=^=VhT Sn]DM W. ^=`5Mc^H]VVWkMc^'W%WHMS_VhWTaMYDTacTKY']me#i`]VYDW=e#ic`DevT‡S_TK`tMe Qp]D†cy']cW=dKd@Wfe0eX`tMpS‚Q5eveX`5^T@\=Wfe3YDWfe Vh\HO]DMc\HVQHS_TK`5Mce |_Ts†mWe Šoœ6VhW=WHMb'~5Q=MDY5S_`5^=ŒcWHgcb B~‡br—B·.< Db 8Q =WHQVbLw~5¡8~5Q=MDY³z`ce¦WHMbNN~‡br—B·.< —v’v~'¡ `']cV€lDQ=lDMWBVrY5QMce+dKWfe{Y*T@|_|\HVqWHMShWfe \XS_Q=i WfeYDW=e•Sh`]V_Mc`DTKevbG^'Wy']cTrWfe_SwTaO„im`5VoS_Q=MS+M¾[@Wfe SricQ*e{dKWMcT™cWBQp]Q=j eX`5dÁ]YWfewi WHV|`5VhOQ=MD^We{ORQ5TKedKW„McTacWHQ=] VWHdaQBS_Ta|6YWfe]MceicQVuV_Q=iic`5VJSwQ=]D†0Q=]*SoVhWfe=~. . M0Q=icWHV[=`T SuTa^'T•dKW^=Q'VQ^vS UBVhWTaMc^=T‡S_QHS_Ta|6YDW‚d_[K`5V_lDQpMcTKeXQBS_Ta`5MT™MpShWHV_McW=b. dK`5Vqe¦y] WzdaQuiV`5O`=S_TK`tMxcT@\BVhQV^HxDTKy'] WuWfe_SNQpMDQdsgcev\=Wu^`tOOWu]DMO\=^=Q=MT™e¦OWuYDW4S g*i W6¿zS `]V_Mc`DT À~. T•d}Q#icVh`5O`S_TK`tMM [@Wfe_S{icQ*e-|`5V^'\HOWHMS S `]=‰v`']cVXe„]DMcW#^=QVQ'^vS_\HVTKe_S_TKy'] WW=evekWHMS_TKW=dKdKW YDWdaQ ^=QVhVTaUBVXWYW d_[KWHMcekW=TalDMDQ=MSb¾d}Q„OTKekW6WHMWv† WHVl5] W6YDW„daQ6i WBVh|_`5VOQ=M^W6VhW=dKQBS_TscWwicQ'V4VhQ=iDi`*VoS8ƒ„daQ6icWHV|_`5VhOQ=Mc^'W QpjmeX`Dds] Wui `]V d_[KWHMcekW=TalDMDQ=MSNi `']cVVhQT‡SNM\BQpMDO`DTaMceu§XS_VW{]*S_TKdKW„Y5Q=McewdKW=ezYT™eqim`DeXT‡ShT}|ewTaMD^'T S QBS_Ta|ewYDW=euWHMcevW=TalMtQpMSeri `']cV4Qp]‚OR`DT™Me YDWk]D†“VQTKeX`tMep~•¡ VhWHOTKUBVXWHOWHM*Shb6dKW=e#Vq\HO„]Mc\BVhQBS_Ta`5Mce |h`5MDYD\W=eeq]cVdKW=e‚i WHV|`5VhOQ=MD^W=e VW=daQBS TacW=e WqS#y]TReX`tMpS QVKS T}^H]dK\fe•eq]cVN]DMWHMcekWHOjmdKWw|Ts† W YW•icVhTÁ†VXW=e_ShWHMpSNƒd [aT™MpSh\HVTKWp]cV8Y [s]DM„jD]mYtlcWqSN|hTs†mW=bD^'Wuy] TDQ6Y5Q=Mce•d@W ekWHMe+YDWudaQ Mc\=^'Wfeve¦QTaVWORQ aS_VhT™ekW„YDWfe{YD\vi WHMmekWfe+iD]jcdKTKy'] Wfe=~Wk]D† TKUHOW=OWHM5Sb Y5Q=MceudaQ-OWfeh]VqW„`TadGM [sgQ„icQ*ew|_`5V^=\HOWHM*S ^=`5McekWHMeq]meueh]cV•YDW=eue_S_Q=MDY5QVhYDez^=daQ'T}VXewy] T i `']cVV_Q'TaWHMpS+§qS_VXWu]5S_TadKTKev\=ew^`5OO‚WujcQ*ekW„YDW6daQ„imWHV|_`5VhOQ=Mc^'W6Q=jme¦`Dds]mW=b ^=`5OicQ'VWHV•]DMWHMcekW=TalDMDQ=MSricQ'V•V_Q=iDi`*VoSrQH]D†Q=]*SoVW=ewicWk]*S•Qpi5icQV_Q}S VW„^=`5OOW„]cMWQ'd ShWHV_MDQBS_T™cWQpiDicVh`iVTa\=W*~.  M. icWk]*S‚Q=] eveXTKb6^=`tOO,W.dKWZeh]DlDlUBVXW0‹`DdaOe_S_Vh`5Ob„”6~ ŠH—B·=<DQ’b^=`5O„icQVhWBV#d}Q£icWBVh|`5V_OQ'MD^W.Y [s]cM“Q=lcWHMS‚ƒZdaQ icWHV|h`*VhOQ=MD^WwO`5gWHMDMcWuYDW ekW=er^`DdadKUHl5] WerWqSGjcQ5eXWHV8daQ6V\HO„]DMc\HVQHS_Ta`5M-eq]cV8d_[a\=^=QVoSNWv†cTKe_S Q=MSNWHMS_VWwdKWfe+YDWk]D† ~. uM. i WXS_T‡SšMD`5OjVqW. YDW. YDTKehic`DevT‡S_T@|eWk†Dim\HVXTaOWHMS_Q=]†. YDW!Vh\HO]Mc\HVQHS_Ta`5M. imWk]cWHMS. §XS_VhW2VhQBSKSoQ'^Hxt\e. Wk†Dimd@T}^'T‡SWHOWHMSwƒ,^'WqS@SW„i WBVXehi WB^vShTacWYm[@\HDQ*ds]cQHS_Ta`5MicQ'Vud}QicWHV|h`5VOQ=MD^'WVW=daQHS_TacW5~ AdrWHM0Wfe_SwM`fS QOOWHMSwQTaMcekT Y [s]cM.Y5T™eqim`DekT S T}|„TKeXVQ'\Bd@TKWHMTaMce_ShT S ]m\WHM%e¦Wvi*ShWHOjcVhW,‘D‘N—BbrV_QpiDic`5VJS_\icQ'V6 8Qp*gcb~8Šoc‘D‘5’6WXS6^=`5Mc^'WBV MDQ=MS·D‘ \XS_Q=jcd@T™ekevWHOWHMSeP`*d@`5MS_QTaVXWfePYDW. d_[KWHMcekW=TalDMcWHOWHM*S“eXW=^'`5McY5QTaVXW=b0Y5TKehim`DeXT‡ShTa|“Y*QpMceÃd@W=y] W=d.dKW=e²WHMcevWHTalDMDQ'MSe. icWk]cWHMpS3`j5SWHMcTaV0ƒZS_T‡S_VhWZTaMcYTaDTKY']mW=d‚YDW=e3icVTaOWe%O`5Mc\BS QTaVW=e.WHM7^'`5MS_VWkicQ'VJS_TaW´Y [s]cMWZQ'O\=dKTK`5VQHS_Ta`5MšYDWfe icWHV|h`*VhOQ=MD^W=eYDW‚dKWk]cVqe-\=dKUHcW=e„Q=]D†.Wv†cQ'OWHMce=~Ad•e=[aQ'lDT SY [s]cM icV`tltVhQ'OOWYDWj `5M5]me-YD`5MS6daQe_S V_]c^vSo]DVhW,YW ^=daQ*eve¦WHOWHM*SW=e_S‚Q=MDQ'd}`tl*] Wƒn^WHdKdKW.Y [s]cMZS_`']cV_M`DT6i`]VdKW=e0WHMcevW=T™lDMDQ=MSe Y [s]cMW%YT™e¦^=TÁi dKTaMW%Y5`5MMc\=W*~w6QpMe ^HxDQ5y] W. OQBS_T@UBVXW=b. imds]me. icV\=^=TKek\HO,WHMS. ic`']cV. y']cQBS_VhW. YDTKeX^TsicdKT™McWfe. ek\Bd@W=^vSTK`'MDM\=We. Šox\HjcVWk]D†mb:Q'VQ=jWfb. OQBS xc\HORQHS_TKy'] WfeWqSrQpMDlcdaQTKeX’b¾d [@WHMcevW=TalMtQ'MSrVW!`DT‡S€]McW6lDVhQBSoTa|Ta^=QBS_T@`5M¥eh]V•d}Q„jQ*eXW„YDWeXQ„i WHV|_`5VhORQpMt^'WVXWHdaQBS_Ta W cTKevžoƒ5ž@cTKeYDW=e‚Qp]*S_VW=e‚^'`DdKdKUHl5] Wfe#YDW0eXQ.Y*TKek^=TsimdKT™McW*~•¶wWXSKS_W icWHV|h`*VhOQ=MD^W0VhW=daQBS_TaW0We_SOW=eh]cVX\=W0evW=d@`5M–YDWk]c†.  20-@s8:- @6G+@B;6I0SU& L&N;6H!8+* -3H9,65R4?2 * O0ST8:-+O0*B20;K,.H9- Lwfg8:- 2!c:&b-; L:OW(3&0-+L L:& @ H9- /04?29@[@h&0SU&0-; L:2e-D@s4 f?&b-@ &eS u+4K& L&A@ * OA@d834Q;.2e;C@w* O02A4Q,6@ OA@W^    

(32). .

(33) ^=VT‡S_UHVXWfeuˆ'dKWS Q=]D†YDW+icQ*ekeXQ=lDWzYWfe+\=dKUHcWe•WXSNdKWueX^`5VWwO`5gWHMYDWzdaQ6^=daQ*ekevWwƒ6^HxDQy']mWuWk†cQ'OWHM ~ z[@WHMcevW=Tal5MDQ'MSNQ QTsMcekTzdaQ ic`DeveXTsj T}d@T Sh\ YDW¿r‰v`'] WBV4À. Q=]S_Q=MS„Y5W|`T™ey'] [@TKdzQ0Y5W^'d}Q5eveXW=eYDTa||\HVXWHMSW=e=~8L˜M%`']*S_VhWfb¤ic`']cVy']mWdoW. icVh`*^'Wfekeh]me.eX`5T‡SN\=y] T‡S_Q=jdKWfbd_[K\HDQds]cQHS_TK`5MW=e_SN^=Q'd}TsjcVh\=W eh]V8dKWu^=`5MD^Wki*SNYDWwDQdKWH]V8Q‰X`']*S_\=WwQ=],eXWHMcer`,daQuOW=eh]cVXW YDW6daQimWHV|_`5VhOQMD^'W{ek^=`DdaQTaVXWuVXWqShWHM5]mW6ekW6^=QdKW6eh]V4daQY5TK|_|\HVXWHMc^WWHMpS VqWd}Q„V\k]meve¦T ShW6W=|_|hW=^vS_TacWHO‚WHMpSr^'`5Mce_S_QBS \=W6WqS daQZV\k]meve¦T ShWQpMSTa^Tsi \=W.^WXSKSW.|_`DTKevž ^=TKb6^=Q'dK^H]cdK\=W.ƒ.icQ'VJS_TaVY [s]DMW%Vh\HlDVqW=eveXT@`5MÃTaMS\HlDVhQ=MS‚YDW=e ^=QVQ'^vS_\HVTKe_S_TKy'] Wfe eX`5^T@`D\B^'`5Mc`5OT@y] We=~ u]‚imdaQpM,^`tMt^=VXWXSb daQ-ORQ5eveXWlcda`jQdKWYDW=e+jm`'M5]meuW=e_Sb¾^`5OOWY5QpMerS_`']*SNSh`']cV_Mc`5TKb |hTs†m\=W„WH†Q=MSWwS_Q=McY5TJe y'] [KWHM´O§=OW SWHO„imevb{dKWfe#VX\HO]Mc\HVQHS_TK`5Mce#TaMcY5TacTKY'] W=dKdKW=e0eX`5MSYD\qShWHVOT™Mc\=Weeq]cV‚d}QjDQ*e¦W0Ym[s]M–^'d}Q5eveXWHOWHM*S Y [s]cMW \=^pxcW=dadKWwicV\=Y\qShWBVhOTaM\=W*~'T™Me¦T™bdKW=erV\=evT@Y] e€ic`DevT‡S_TK|er`'j*ShWHM5]me•eh]cV€d}W=e•YWv]D†^=VhT‡SUHVW=e•YDWwVX\v]mekeXT‡SWueX`5MSž_T@d™e eh]DjY*T™cTKev\=e0WHMS_VXW.y']cQBS_VhW0lDVX`']DimW=e Q=]†cy']mW=dKe0W=e_S‚Q5eveX`5^TK\]DMÃe¦ge SUHOWZYW0i `DTaMSe y']mTY`5MDMcW.dKTKWk]ÃZYDWe V\HO„]Mc\BVhQBS_Ta`5Mce„eh]DiDidK\HOWHM*S_Q'T}VXW=evbNY [aQT@d}d@WH]cVqewS_VU=e„eXTslDMcTa|Ta^QHS_TscW=euicQ'VzV_QpiDic`5VJS•Qp]MDTscWHQ=]Y']eXQdaQTaVhWYDW„jcQ*ekW O`5gcWHMWXSN^W=^=T Y [aQp]*S_Q=MSGicds]mery'] Wzd_[KWHMcekW=TalDMDQ=MSGi Wv]5SNWHOim`D^HxWBVNidÁ] eXTKWH]cVXer|_`*TKerdKW+jm`tM*] e=~  8W„eXgce_ShUHOWQ5žaSžoTKdNYD`5M5Mc\eXQHS_TKeX|_Q^vS_T@`MWHMShWBVhOW„YDW6VX\feq]cd‡SQHSeueX^=`5d}Q'TaVW=e=<uÃicVhTK`5VTN`']cTKb O§HO‚WekT d_[@`5M S_TKWHMS^`5Oi*ShWY']Z|_QT‡S„y']mWdh[K\H^=xDQ'MpS TKdadK`5M.M [KW=e_SuicQ5eQ'dK\BQHS_`DTaVW5~N‚[aQ=icVhUfe- 8Q=DgcbrdKW¥icV`5lDVhQOOW e=[KW=e_S6VX\Hc\=do\ W=|_|W=^vS TacWHOWHM*S TaMD^T‡S_QHS_Ta|bMc`=S_Q'OOWHMS0WHMÃOQBS_T@UBVXWZYDWn^=xcQpM*lWHOWHM*SeYDWZ^'`5Oi `5VJShWHOWHMSYWeWHMcekW=TalDMDQ=MSe Š_WH|_|`5VoS4Q'^=^=V_]‚iDQ=VJS_Ta^H]cd@TKUBVhWHOWHM*SrQ=DQ=MS•d@WfeuWk†cQ'OWHMcevb¾ORQ'TKeuQ=]mekeXTKb ^HxDQ=M5lcWHO‚WHMpS+YDW6O\vS xc`DYWfewDTaQ„]DMcW„\=^`']*ShW WXSN]McWuQBSKS_WHMS_T@`5Mimds]meweX`']*ShWHM*] WuQ=]D†jcW=ev`DT™Me+YDW=ez\=d@UHcWeX’v~5¡ Q=V€QTadadKWH]cVqekbd [aWk†cQ'OWHM,YW6d_[K\=y5]cT@dKTsjcVWul\HMc\BVhQdGY] YDTKehic`DekT‡S_TK|€McWekWHOjmdKW{icQV•|oQTaVWVW=evev`5VoS_TaV•Y*W.  *7  !:wMc\HlcQBS T}|ew^=Q=V•daW=ezVh\feq]md‡S_QHSe+ic`DeXT‡S_Ta|euWHMDVqWklcTKe_S_Vh\feueh]V•dKWfe. YDTKeX^'TÁidKTaMcW=erY'],Y5TKehim`DekT‡S_Ta|NMcW ekW e¦`5MSGicQ*er`'ic\HV\=erQ=]YD\XS_VhTaOWHMSNYDWerOQBS_T@UBVhWfe¤Mt`tM-ek\=dKWH^vSTK`tMDMc\=W=e=~ QdslDV\Ãd@WfenV\=eh] d S QBSe£ic`DeXT‡S_Ta|e´YDW“^WvS@SWPWv†Di \HVTaOWHMS_QHS_TK`5Mcb‚`5M. imWk]*STaMSWHVVh`lWBVZd@WÃY5TKehim`DekT‡S_Ta|%YW. d_[K\HDQds]cQHS_TK`5MZVXWHd}QHS_TacWeq]cVQp]ZO`DTaMce#YDWv]†Zim`TaMSe=~ 4`']*S„Y [aQ=j `5VYDbw^W0YDTKehi `DeXT‡STa|ekWHOjmd@Wi `=SWHMShTKW=dadKWHO,WHM*S ic`5VJS Wv]cVYDW‚YD\HO`S_TaDQHS_TK`5M0Y5QMce„daQ#OWfeh]VW‚`d[KWHMcekW=TalDMDQ=MSwM [@Wfe_SwiQ*e„\ktQ'ds]m\‚WHM0|`5Mc^vS TK`5MYDW‚evW=eicV`'icVhWfe icWHV|h`*VhOQ=MD^W=euQpjmeX`5ds]mW=evb¾ORQ5TKeuWHM^`tOicQ'VQ'T™e¦`MQpcW=^^'W=dKdKW=euYDW=euQ=]5S_VW=e=~. . Vqb]M¥ehgce_S_UHOWYWVX\HO„]cMc\HVQHS_Ta`5Mcb. ic`']cVw§qS_VXW„Q^=^'Wvi*Sh\WXS•O`'j TKdaT™e¦QBShWv]cVXbGY*`T S¤imWHV_OWXSKS_VXW„dKWYD\HW=dK`'iDimWHOWHM5S•Y [s]M#ekWHMS_TaOWHM*S+Y [K\=y'] T Sh\„TaMSWHV_McWWqS Y [K\=y'] T Sh\‚Wv†5SWHV_McW5~G z[K\HDQ5ds]cQBS_Ta`5MYW,daQ‚iWBVh|_`*VhOQ=Mc^'WVhW=d}QHS_TacWMcW‚evWHO„j dKW‚|_Q=c`5VTKekWBV{McT4d_[s]McbNMcTrd[aQp]*S_VW5~Gu] ic`DTsMSrYDWu5] W6TaMSWHV_MWfb]M,WHMcekW=TalDMDQ=MSNi Wk]*SNMcW€‰qQ'OQTKe+c`5TaVzeXWfewWH||h`*VoSe•Vh\B^=`tOimWHMcek\fewe=[KTad MWziQV_TKWHMSD‰XQ'ORQ'T™e ƒ6§XS_VWwOW=TKd@dKWv]V4y'] W ekWfer^'`DdadKUHlD] WfevbO§HOW6e=[@TKdQ6Q=]DlOWHMpSh\ ekTalDMDTK|_T@^=QBS_TscWHO‚WHMpS8e¦QuimWHV|_`5VhOQ=Mc^'W*~'u]ic`DT™MpS€YDW 5]mWWv†5SWHVhMcWfb˜dKWfe„YT}|_|h\BVXWHMD^WeYDW-McTacWHQ=]0TaMSWHV6\XS_Q=jd}TKevekWHO,WHMSe„ŠoO§pOW,eXTrdaQ‚^=`5MS_VQ'TÁMShWY [ax`5O`5lc\HMc\=TsS\Wfe_S ^=`5MS_VhÄDdK\=W=’zVhTKeXy']mWHMSuY [KTaMS_Vh`DY']cTaVXWYDWe„\B^=Q'VJSeY5WeXQdaQ'T}VXW=e6WHMS_VXWYDW=e„WHMcevW=T™lDMDQ=MSe„\=y']mT™tQ'dKWHMSe„WHM,S_WHVhOWfe„YW icWHV|h`*VhOQ=MD^W5~L8Mceh] T‡SW=bG^WYDTKehi `DeXT‡STa|ri Wv]5SzWHMDlWHMcY5VqWHV•]M^=`5MShWv†5SWYDW„iVqW=eveXT@`5Mcb Y5Q'MceudKW=y5] W=d8dKW=eTaMcY5TacTKY']me eXWuYD\=ev`d}T@Y*Q'VTKekWHMpSNWXSNDQ'dK`5VTKevWHMSNdaQ6da`5lcT@y] WuY']^HxtQ'^H]cM„ic`'] V4eX`5TcWXSNdaQ6^`tOi \qShT‡S_TK`5M ~' 4WwVTKeXy'] W \XS_QpMpSNYG[aQ=jc`']*S_TaV ƒ0]M£|_VhQ^vS_Ta`5MMcWHOWHM*SYDWfe¥^`DdKd@WB^vShTa|eYDW‚S_VhQ=DQTad6WXSƒ0]McW Q=jmekWHMD^W0YDW0^'`DdKdaQ=j`*VhQBS_Ta`5M ~•¶•WH^TuVXWHMDD`DTKW0ƒdaQ y']mW=e_S_T@`5MY']S_V_Q=DQTadY [K\=y'] TsimWwYD`5MSGMc`']meNS_VhQT‡S_WHV`'Mce€icds]merdK`DTaM ~ ¶+`McekTKYD\HV`5McenOQTaMShWHMDQ=MS0]McW“YDWHVhMDTKUBVXW“|h`*VhOWPYm[@\HDQds]mQHS_Ta`5M. y'] T,^'`5VVW=ehi `5McYš^'WqS@SW´|`DTKe.ƒ. ]cM W. Wk†*SWHMcekTK`5MY']O`DYDU=d@WzTaMcT‡ShTaQdƒu]DMDW eXT‡So]QBS_Ta`5M`TKdWv† TKe_ShW•icds]meXT@Wv]cVXe€icVTsMD^TsicQp]D† ~.    

(34).

(35)   

(36)   ),. #

(37) ! A +  - (%( +A

(38) !!'''  #%   +0  8Q´y']cQBSoVhT}UHOWn|`5VhOWZY [K\HDQ5dÁ]QBS_Ta`5M²WHMDcTKeXQ=l\=W%QpiDicQ'V_QZaS^=`5OO‚W]cMcWZek`Dds]*S_TK`tMÃQd‡SWHV_MDQHS_TacW.ƒ´YDWfe TaMD^T‡S_QHS_Ta`5Mce^=QdK\=We.eh]cV0d@Wfe3i WBVh|`5VhORQpMt^'Wfep~6 z[@TaMD^T‡S_QBS T}`tM \XS_Q=jcd@T™ekevWHOWHMSe²eX^'`DdaQTaVXWfevb3OTKevWWHM. Ta^'TicVh`5cTKWHMS0YDW´daQ“OTKekW–WHMš^`'Mc^H]VVWkMc^'W–YDWe. ^`5MD^H]cVhVWHMD^Weh]meX^=T‡Sh\=W²icQ'V“d}QdaTsj WBVoS\. Š6  Q'McYDWHM5jmWHV_lxcWfb   ~‡b•—B··D·5’v~c¶+We¦ge SUHOW=bGYDT‡S•YDW=e6¿  2    .  2 . YDWš^pxc`DTs†. YDW=ePO\HMDQ'lcWfe. !:  ŠoQ=iDicWHdKdaQBS TK`5M Sc6’•`']Y'](¿y']cQ*eXTKž. OQV^Hx\{À.ŠoQpiDimWHdKdaQBS TK`5MZœ6”•’bwTaO„imdKT@y] W dKW,S VQ=MceX|hWBVoS„icQ=VoSJT@W=d™bwYDW d[a¨ S QBS„DWHVqe‚dKW=e‚|_Q'OTKdKdKW=evbwYDW d}Q|`'Mc^vS_T@`5M Y [K\HDQds]cQHS_TK`5M‚WqS€YDWuV\Hl5] d}QHS_TK`5MY']ehgce_SUHOWD~ A_d VhWvi `DevW6eh]V8YDWk]D†icT@dKTKWHVqe=~5 8WwicVhWHOTKWHV4W=e_S8^'W=ds]cT Y'],d@TÁjVWu^=xc`TÁ† Y [s]cMW\=^`5dKW„iVTac\=W`']iD]jcdKTKy'] W„icQVudaWfeO\HMDQ'lcW=e=~  8W=e]meXQplDWBVXevžo^daTKWHMSeQ=]cVhQTaWHMS•]Mic`']c`DTaV YW^`5MS_VhÄDdKW TaO„im`5VoS_Q=MSzeh]V•d}W=e\B^'`DdKW=euƒSoVQpDWBVXeudaQic`DeveXTsjcT@dKT‡S\„YDW¿'c`=S_WHVzQpcWH^dKWH]cVqe icTaW=YteHÀ5bG^D[KW=e_Sžoƒ*žoYT}VhWfbGdaQi`tekeXTsjmTKdaT‡SX\ Y [KWk†mWHV^'WBV dKWk]cV `i5STa`5M²YDWZeX`5VJS_TKW=beXTd[@\B^'`DdKW.MW%d@WfeeXQBS_TKeX|_Q'T‡S‚icQ5e=~z €W%YWv]D† TKUHOW.iTKdKTKWHVW=e_S#^W=ds]cTY [s]M |_TaMDQ=MD^'WHO,WHMSriD]DjdKTa^Wk†DimdaTK^'T‡SW„`']TaOicdKTa^'T ShW„ƒd [@\=dKUHcW5~TaMceXTKbGY5Q'MewdaQOWeq]cVXW`dKWY\vicQ'VJSrY [s]cM]meXQplcWBVzekW S_V_Q'Y]T S{icQV]DMDWYDT™OTaM5]*STa`5M.YDW=eVXWfekev`']cVh^W=eYDWdh[K\H^`DdKW=b•d@Wfe\=^=`DdKW=eek`5MS6T™Mc^=T‡S\=We-ƒicVhWvMY*VXWd@Wfe-OWeh]cVhWfe Mc\=^'Wfeve¦QTaVW=e€ic`']cV8QHSKS_TaVWHV8WXSNVWXS_WHMcTaV8dKW=e€]meXQpltWHVqep~  8W=ey']cQ5eXTKžoOQVh^Hxc\e„Q=iDiQ=V_QTKeveXWHMSuQTsMcekT4^'`5OO,W‚YDW=eTaMce_S TÁSo]*S_Ta`5McexDg5jcVhTKYDW=e„^`5Oj TsMDQMSu|_TaMDQpMc^WHOWHM*S iD]Djd}T@^WqSrV\Hl5] daQBS_TK`tMicQ'V•d}WOQV^pxc\6Qp]-S VQ=DWHVqewYDWdaQOTKevW„WHM^`5MD^H]cVhVWHMD^WYWfeu\XS_QpjcdKTKevekWHOWHMpShe=~7^Ä=Sh\YW ^W#O`DYDW YDW ^`5MS_VhÄ5dKW(¿OQVh^HxDQMDYÀ5b•^=`WH†cTKe_SW#Mc\HQ'MDO`DTaMce-]DMZ^`'MS_VÄdKWQ5Y5OTaMcTKe_S VQBS T}|„YDWdh[a¨ S_QBSiD]T™e¦y] W ^WHds]mTKž ^=T ^`5McekWBV cW•]McWwicQVoS_TaWuY]^'`5MS_VÄdKWuYDWfe+\=^`Dd@Wfe•Šo^'`5M*S_VhÄ*d@W YWfe€icVh`5lDVQpOOWe•YDWu^`']cVXerWqSN^'`5MSWHM5]mekbDYDWe eXQ'd}Q'TaVW=erWqSGi WHMcevTa`5McevbYDW=er^`5McYT S TK`5McerYDWzVXWH^=V_]*ShWHOWHMSbYDWwicV`5O`=S_T@`5McbDYDWudaTK^'WHMt^'TKWHOWHM*S€YDWfe+WHMcevW=TslDMDQ'MSevbYDWfe VUHlDdKW=e•Y [@\HtQ'ds]cQBS_T@`5MWqSNYWzVW=^=V ]*S_WHOWHMS8YWfe+\BdKUHWeX’8WXSNYDWfe+|_`5McYDerQdadK`'] \fep~. W=d}`tM. ³wQ=iDi b.œ~0¶6~Šo‘D‘D‘5’b.Y5W=e. TaOi d}T@^=QBS_Ta`5Mce. im`DekTÁS_TscWe. ev`5MSPƒ. QBSKS_WkMcY5VXW›YDW. ^WXSKShW›|`5V O,W. Y [K`5V_lDQ'MDTKeXQBS_T@`5M ~ u  McWimds]meRlDVQ=MDYDW#^`5O„im\XShT ShTa`5M%WHMS_VXW\XS_QpjcdaT™ekevWHOWHMSevbrVhW=daQ=gc\=WicQ'V6]DMW,YTaOTaM5]*ShTK`5MYDWdaQ eX\=^H]cVhT‡S_\YWd_[KWHOi dK`DTuŠodKTK\=WQp]D†–WH|_|W=^vS_T@|e,e¦^=`DdaQTaVXWfeX’WXSicQV]DM.^=`5MS_VÄDd@W‚imds]meW=|_|hT}^=Q'^W YDW=eiQVWkMSe‚Š@imds]me TaO„imd@TKy']m\=e-icQVdaW^pxc`5TÁ†–eX^'`DdaQTaVW=’b+YDWHDVQ'T S„Qp]Dl5OWHMpShWHVdKWfe¥WB|h|`5VJSeY5W=e‚WHMcevW=TalMtQpMSe=~8 €Wfe‚\XS_QpjcdaT™ekevWHOWHM*Shevb ^=`5MD|_VX`5MS\=eƒ“daQ“^=`MD^H]cVhVWHMD^W=b-c`'MSiVTaDTKdK\HlTKWBV0YWfe.WHMcekW=TalDMDQ=MSey'] T™bRicQ=V0daQ“y']cQdaT‡S_\´YDW–d@Wv]cVS V_Q=DQTadKb VWHMD|h`*Vh^WHV`5MSd@Wv]cV^=Q=icQ'^=T‡S\ ƒVhWB^=V ]*S_WHV,WXSƒ^=`5McevWHVhcWBVdKW=e\=dKUHWe=~r z[aQ=]*S Wv]cV-icV\H^=TKevWy'] [KWHMZ^`tMpS VqWkicQ'VJS_TaW Y [s]cMW%^'`5O„im\vS_T‡ShTK`5M´imds]me |h`5VJS_W=b„YDW0i ds]me lDVhQ=MDYDWe#i `tekeXTajcTadKT‡Sh\fe3YDW.^=QVVhTaUBVXW=e0WXSYDW=e0Vh\HO]cMc\HVQHS_Ta`5Mce#imds]me eXWHMcekTÁjdKWfe{ƒd}Q„i WHV|`5VhOQ=MD^Wev`tMpSrQHSKS_WHMcY'] Wfe=~¡ Q'V_OT d@WfeWB|h|WXSewQBSKS WHMtY']mekb Y [aQp]*S_VW=ewQ=]*S Wv]cVXevb Y`5MS•”•QdadK`']mb¾~ Šoc‘D‘˜—v’b¾OWqSKShWHMSzd_[aQ'^=^WHMSzeh]cVwdKW„|_QT‡Szy'] WdKWYD\HcW=d@`iimWHO‚WHMpSwY'](ekWB^vShWv]V•icVhTÁ\YDWHDVQT‡S•Q'|_|_QTsjcdKTaVwdKW6i `']c`*TaV lcdK`'jcQ'd YDWeri]cTKeveXQ=MSewehgDMcYT}^=QHSe•Y']evWH^vSWk]cV€iD]DjcdaTK^D~ W=dK`'M,d_[aQ=]5S_Wv]VqbdKWk]cVqe+Q^vS_Ta`5McevbM`fS QOOWHMSrdKWu|_QT‡Sry'] [KT@d™e YD\=|hWHMcYDWHMS‚]DMW.lDVTKdKd@WZYDWZeXQdaQ'T}VXW=e ]DMT}|h`5VOWny] TYD\=^'`] VQplDW%T™Mc\HcT‡S_Q=jdKWHOWHM*S d_[KWH||`5VoSWXS^`'McY'] T‡Sƒ´YDWfe YDTa|_|Ta^H] d‡S\=eYDW–VhWB^=V ]*ShWHOWHMpS3Y*QpMce.dKW=eYT™e¦^TsimdaTaMWe`. d@Wfe.YTÁidKÄ5O\e.`5MS YDW=e.`'iDic`5VJS ]DMcT‡S\=e.Wk†*Sh\BVhTKWv]VqW=evb. WHMcYDT™l*] WHMS‚S_`']*SW´|_`5VhOW“Ym[@TaMD^T‡S_QHS_Ta`5M ~6u]mekeXTi Wv]5Sž_`5M²QBSKS WHMcY5VW´YDW–daQ“^=Vh`DTKeveXQ=MD^'W–Y']. evW=^vShWk]cV icVTsc\=bdoW.

(39)  ,'4Bf?,KLO0&>L98N/bE+H9, N@h/0H94K2A,Q* &>&A@B;F20-+/0,K&{--+& iJ l2A,Q-+&A5F^g5 m 3nwmVd54?&>L:Ou+20;FSUH9L:&0*B-+&U@B8:*Y4?2>798+&A@B;6,KH9- (:8+,i@h&U@ &A@R* 2A/e,?-+&A@ L:2e-D@ 4K& ;6*C2bX+2A,K4U@ OeSU,?-2A4>L:&*C,K&0LS>20-5 ^ bJ mbn9Vs(3H9*\;i2e-9;r@B8+* 4.& * 94.& L98 cH!8]X&0*C-+&0Ss&0-9;UL:2e-D@ 4K& L:H9SU2!,?-+& L& 4 f?OeL983/e20;6,KHA-w^    

(40). .

Références

Documents relatifs

[r]

[r]

MOTO MANTEAU ORANGE GATEAU CADEAU DOMINO TOMATE CHATEAU. BATEAU

[r]

A relation between the real interpolation theory with a function parameter and the complex method of interpolation for families of Banach spaces is proved in this

[r]

[r]

Consigne : entoure les lettres composant le mot modèle (vérifie en comptant le nombre de lettres). Consigne : entoure les lettres composant le mot modèle (vérifie en comptant le